152
ANNUAL REPORT 2016
NOTES TOTHE FINANCIAL STATEMENTS
30 JUNE 2016
(Continued)
26. CONTINGENT LIABILITIES
Company - Unsecured
As at 30 June 2016, the Company has given corporate guarantees amounting to RM322,750,000 (2015: RM319,867,000) to financial
institutions for banking facilities granted to certain subsidiaries. The amount of banking facilities utilised by certain subsidiaries as at the end
of each reporting period are as follows:
2016
RM’000
2015
RM’000
Secured borrowings
115,424
98,598
Unsecured borrowings
21,920
35,692
137,344
134,290
The Directors are of the view that the chances of the financial institutions to call upon the corporate guarantees are remote. Accordingly, the
Directors are of the view that the fair values of the above corporate guarantees for banking facilities of subsidiaries are negligible.
27. REVENUE
Group
Company
2016
RM’000
2015
RM’000
2016
RM’000
2015
RM’000
Sale of goods
652,187
685,010
-
-
Rental income
949
1,309
1,142
2,179
Royalty income
12,302
9,010
-
-
Dividend income from unquoted investments in subsidiaries
-
-
20,236
16,043
665,438
695,329
21,378
18,222
28. COST OF SALES
Group
2016
RM’000
2015
RM’000
Inventories sold
299,252
284,520
