TABLE 12

MRCB

As at 31.8.2000 (audited)
RM’000 / Adjusted Base*
RM’000 / After Proposed Acquisition of Newco
RM’000 / After Proposed Demerger
RM’000
Share Capital / 975,096 / 976,549 / 1,172,621 / 781,747
Share Premium / 1,008,410 / 1,008,474 / 1,091,707 / -
Other Reserves / 70,010 / 35,686 / 35,686 / 15
Accumulated Loss / (911,896) / (666,133) / (632,311) / (208,744)
Shareholders’ Funds / 1,141,620 / 1,354,576 / 1,667,703 / 573,018
Less:
Goodwill on consolidation / (31,763) / (31,763) / (223,090) / (31,763)
Intangible Assets / (4,084) / (4,084) / (46,851) / (4,084)
Premium on Acquisition of Associates / (609,871) / (479,093) / (479,093) / 4,175
Share of intangibles in Associates / (294,561) / (1,694) / (1,694) / -
NTA / 201,341 / 837,942 / 916,975 / 541,346
NTA per share (RM) / 0.21 / 0.86 / 0.78 / 0.69

* The Adjusted Base was arrived at by adjusting the audited position as at 31 August 2000 for the following:-

  1. The disposal of MRCB’s stake in Malakoff which was completed during the financial year ended 31 August 2001;
  2. The proposed sale of MRCB’s stake in RHB pursuant to the announcement dated 20 July 2001; and
  3. The number of MRCB shares exercised subsequent to 31 August 2000 pursuant to MRCB’s Employees Share Options Scheme (“ESOS”).

NEWCO

Incorporation of Newco
RM’000 / After Proposed Acquisition of TV3
RM’000 / After Proposed Transfer of NSTP
RM’000 / After Proposed Transfer of
IT businesses
RM’000 / After Proposed Restricted Issue
RM’000 / After Proposed Bonds with Warrants Issue
RM’000 / After Full Conversion of ICULS
RM’000 / After Full Exercise of Warrants
RM’000
Share Capital / 300 / 289,507 / 430,863 / 430,863 / 508,136 / 508,136 / 629,938 / 744,938
Share Premium / - / 28,920 / 43,056 / 43,056 / 45,783 / 45,783 / 106,685 / 129,685
Warrants / - / - / - / - / - / 11,500 / 11,500 / -
ICULS / - / - / 182,704 / 182,704 / 182,704 / 182,704 / - / -
Other Reserves / - / - / 29,694 / 29,694 / 29,694 / 29,694 / 29,694 / 29,694
Accumulated Profits / - / - / - / - / - / - / - / -
Shareholders’ Funds / 300 / 318,427 / 686,317 / 686,317 / 766,317 / 777,817 / 777,817 / 904,317
Less:
Goodwill on consolidation / - / (191,327) / (191,327) / (193,751) / (193,751) / (193,751) / (193,751) / (193,751)
Intangible Assets / - / (42,767) / (44,461) / (44,461) / (44,461) / (44,461) / (44,461) / (44,461)
Warrants and ICULS / - / - / (182,704) / (182,704) / (182,704) / (182,704) / - / -
NTA attributable to ordinary shares / 300 / 84,333 / 267,825 / 265,401 / 345,401 / 356,901 / 539,605 / 666,105
NTA per ordinary share (RM) / 1.00 / 0.29 / 0.62 / 0.62 / 0.68 / 0.70 / 0.86 / 0.89

TV3

As at 31.8.2000
(audited)
RM’000 / After Proposed Capital Reconstruction
RM’000 / After Proposed Share Premium Account Reduction
RM’000 / After Proposed Debt Waiver
RM’000 / After Proposed Scheme of Arrangement
RM’000
Share Capital / 170,318 / 68,127 / 68,127 / 68,127 / 318,127
Share Premium / 2,264 / 2,264 / - / - / -
Revaluation Reserves / 2,513 / 2,513 / 2,513 / 2,513 / 2,513
Exchange Fluctuation Reserves / (1,115) / (1,115) / (1,115) / (1,115) / (1,115)
Accumulated Profits / (Loss) / (511,500) / (409,309) / (407,045) / (192,725) / (192,725)
Shareholders’ Funds / (337,520) / (337,520) / (337,520) / (123,200) / 126,800
Less:
Intangible assets / (42,767) / (42,767) / (42,767) / (42,767) / (42,767)
NTA / (380,287) / (380,287) / (380,287) / (165,967) / 84,033
NTA per share (RM) / (2.23) / (2.23) / (5.58) / (2.44) / 0.26