TRANSOCEAN HOLDINGS BHD

(36747 U)

AND ITS SUBSIDIARIES

QUARTERLY REPORT

CONSOLIDATED BALANCE SHEET

AS AT AUGUST 31, 2002

AS AT

AS AT

END OF

PRECEDING

CURRENT

FINANCIAL

QUARTER

YEAR END

08/31/2002

05/31/2002

RM'000

RM'000

1

Property, plant and equipment

47,719

48,457

2

Investment property

-

-

3

Investment in associated companies

73

86

4

Land and Development Expenditure

4,256

4,256

5

Long term investments

3

3

6

Goodwill on consolidation

2,810

2,868

7

Intangible Assets

-

-

8

Other long term assets

-

-

9

Current Assets

Inventories

106

99

Trade receivables

7,404

7,163

Short term investments

-

-

Cash

529

754

Others (Other receivables)

2,213

1,595

10,252

9,611

10

Current Liabilities

Trade payables

1,673

1,445

Other payables

1,726

1,411

Short Term Borrowings

19,064

17,554

Provision for taxation

-

-

Proposed dividend

-

-

Others (Due to Associated company)

-

37

Others (Amount due to a Director of subsidiary co)

174

176

22,637

20,623

11

Net current assets/(current liabilities)

(12,385)

(11,012)

42,476

44,658

12

Shareholders' funds

Share Capital

28,999

28,999

Reserves

Share premium

-

-

Revaluation reserve

-

-

Capital reserve

-

-

Statutory reserve

-

-

Retained profit/(Accumulated loss)

(1,945)

(1,455)

Others

-

-

27,054

27,544

13

Minority interest

981

804

14

Long term borrowings

13,751

15,620

15

Other long term liabilities

-

-

16

Deferred taxation

690

690

42,476

44,658

-

17

Net tangible assets per share (RM)

0.84

0.85