TRANSOCEAN HOLDINGS BHD

(36747 U)

AND ITS SUBSIDIARIES

QUARTERLY REPORT

CONSOLIDATED BALANCE SHEET

AS AT FEBRUARY 28, 2002

AS AT

AS AT

END OF

PRECEDING

CURRENT

FINANCIAL

QUARTER

YEAR END

02/28/2002

05/31/2001

RM'000

RM'000

1

Property, plant and equipment

46,469

40,020

2

Investment property

-

-

3

Investment in associated companies

-

-

4

Land and Development Expenditure

3,976

3,976

5

Long term investments

3

3

6

Goodwill on consolidation

2,918

3,095

7

Intangible Assets

-

-

8

Other long term assets

-

-

9

Current Assets

Inventories

132

113

Trade receivables

8,640

8,084

Short term investments

-

-

Cash

529

943

Others (Non-trade creditors)

1,979

1,262

11,280

10,402

10

Current Liabilities

Trade payables

2,973

2,235

Other payables

2,760

2,154

Short Term Borrowings

16,320

11,857

Provision for taxation

(349)

653

Proposed dividend

-

-

Others (Amount due to a Director of subsidiary co)

168

170

21,872

17,069

11

Net current assets/(current liabilities)

(10,592)

(6,667)

42,774

40,427

12

Shareholders' funds

Share Capital

28,999

19,999

Reserves

Share premium

-

-

Revaluation reserve

-

-

Capital reserve

-

-

Statutory reserve

-

-

Retained profit

(1,690)

9,231

Others

-

-

27,309

29,230

13

Minority interest

891

635

14

Long term borrowings

11,193

8,934

15

Other long term liabilities

2,688

935

16

Deferred taxation

693

693

42,774

40,427

-

17

Net tangible assets per share (RM)

0.84

1.31