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AEMULUS HOLDINGS BERHAD
A N N U A L R E P O R T 2 0 1 6
5. INVESTMENT IN A SUBSIDIARY
COMPANY
30.9.16
30.9.15
RM
RM
Unquoted shares, at cost
35,105,998
35,105,998
The details of the subsidiary are as follows:
Name of Subsidiary
Effective Equity
Interest
Principal Activities
%
30.9.16 30.9.15
Aemulus Corporation
Sdn. Bhd. (“ACSB”)
100%
100% Designing and assembling of automated test equipment and
test and measurement instruments and the provision of their
related services and design consultancy services.
ACSB’s branch office in Taiwan is principally involved in the marketing and sale of automated test equipment and test
and measurement instruments.
The consolidated financial statements have been prepared using the merger accounting method to account for the
acquisition of ACSB. Merger deficit is determined as the difference between the cost of merger and nominal value of
the share capital in the subsidiary acquired and is recognised in the consolidated statement of financial position.
The recognised merger deficit at the acquisition date is derived as follows:
GROUP
30.9.15
RM
Consideration paid by issuance of shares of the Company
35,105,998
Less: Nominal value of the subsidiary’s share capital
(22,151,945)
Merger deficit
12,954,053
Impact of the acquisition on the consolidated Statements of Comprehensive Income
In the previous financial year when the merger took place, the subsidiary’s profits were included in the Group’s profits for
the full financial year, regardless of the effective date of the merger.
6. INTANGIBLE ASSETS
GROUP
30.9.16
30.9.15
RM
RM
At cost:
Goodwill
13,663,357
13,663,357
Trademark, patent and industry design
22,978
22,978
13,686,335
13,686,335
NOTES TO THE FINANCIAL STATEMENTS
(Cont’d)
– 30 SEPTEMBER 2016