TRANSOCEAN HOLDINGS BHD

(36747 U)

AND ITS SUBSIDIARIES

QUARTERLY REPORT

CONSOLIDATED BALANCE SHEET

AS AT MAY 31, 2002

AS AT

AS AT

END OF

PRECEDING

CURRENT

FINANCIAL

QUARTER

YEAR END

05/31/2002

05/31/2001

RM'000

RM'000

1

Property, plant and equipment

48,457

40,020

2

Investment property

-

-

3

Investment in associated companies

86

-

4

Land and Development Expenditure

4,256

3,976

5

Long term investments

3

3

6

Goodwill on consolidation

2,868

3,095

7

Intangible Assets

-

-

8

Other long term assets

-

-

9

Current Assets

Inventories

99

113

Trade receivables

7,184

8,084

Short term investments

-

-

Cash

754

943

Others (Non-trade debtors)

1,574

1,262

9,611

10,402

10

Current Liabilities

Trade payables

1,445

2,235

Other payables

1,447

1,489

Short Term Borrowings

17,554

12,522

Provision for taxation

1

653

Proposed dividend

-

-

Others (Amount due to a Director of subsidiary co)

176

170

20,623

17,069

11

Net current liabilities

(11,012)

(6,667)

44,658

40,427

12

Shareholders' funds

Share Capital

28,999

19,999

Reserves

Share premium

-

-

Revaluation reserve

-

-

Capital reserve

-

-

Statutory reserve

-

-

Retained profit/(Accumulated losses)

(1,455)

9,231

Others

-

-

27,544

29,230

13

Minority interest

804

635

14

Long term borrowings

13,224

8,934

15

Other long term liabilities

2,396

935

16

Deferred taxation

690

693

44,658

40,427

-

17

Net tangible assets per share (RM)

0.85

1.31