KELADI MAJU BERHAD 
NOTES TO THE ACCOUNTS - FIRST QUARTER ENDED 30TH APRIL 2000

1	Accounting Policies
The accounts of the Group are prepared using the same accounting policies, method of computation and basis of consolidation as those used in the preparation of the most recent annual financial statements.

2	Exceptional Items
There were no exceptional items for the financial periods under review.

3	Extraordinary Items
There were no extraordinary items for the financial periods under review.

4	Taxation
The tax figures do not contain any deferred tax and/or adjustment for under or over-provisions in respect of prior years.

5	Pre-Acquisition Profits
There were no pre-acquisition profits for the financial periods under review.

6	Profit On Sale Of Investments and/or Properties
There were no profits on sale of investments and/or properties outside the ordinary course
of the Group’s business for the financial periods under review.	

7	Quoted Securities

a)	There were no purchases or disposals of quoted securities for the current financial year to date .
						    
b)	 	There were no investments in quoted shares as at 30 April 2000.

8	Changes In The Composition Of The Group
There were no changes in the composition of the Group during the current financial year to date.

9	Status of Corporate Proposals
There were no corporate proposals that have been announced  but not completed as at the date of this announcement.	

10	Seasonal or Cyclical Factors
Seasonal or cyclical factors do not have any material impact on the Group’s business operations.

11	Debt & Equity Securities, Share Buy-Backs And Treasury Shares

There were no issuances and repayment of debt and equity securities, share buy-backs, share cancellations, shares held as treasury shares and resale of treasury shares for the current financial year to date.

12	Group Borrowings and Debt Securities
Total Group borrowings as at 30 April 2000 are as follows :-

								RM’000
		Long Term Loan - Secured
			Payable within 1 year			        500
			Payable within 2 to 5 years		     8,000
			Payable after 5 years			     3,500
								  -----------
			Total					    12,000
								   ======
	
13	Contingent Liabilities
Contingent liabilities of the Group comprise of a corporate guarantee to a financial institution for banking facilities of RM12.0 million granted to a subsidiary company, Keladi Harta Sdn Bhd.

14	Off Balance Sheet Financial Instruments
The Group does not have any  financial instruments with off balance sheet risk as at the date of this announcement.

15	Material Litigation
The Group is not engaged in any material litigation as at the date of this announcement.

16	Segmental Reporting - Current Financial Year Todate

								Profit Before		Assets
					Turnover		Taxation		Employed
					  RM’000		 RM’000		RM’000
	
	Property Development	   10,107		       895		  95,113
	Investment Holding		        302		       301		    4,974
	Cultivation Of Oil-Palm 	        645		      (168) 		  55,678
---------------------------------------------------------------------                      11,054		 	      1,028		 155,765
					==========================================

17	Material Changes  in Profit Before Tax  for Current Quarter As Compared To The Preceding Quarter
Profit before taxation and minority interest for the current quarter is RM1.024 million while the preceding quarter’s (4th quarter ended 31st January 2000) was RM3.438 million. The higher profit before taxation recorded in the preceding quarter was mainly due to higher profits recognized from the completion of Phase 1A of Taman Mutiara which comprises of 261 units of medium-low cost properties.

18	Review of Performance
The Group achieved a turnover of RM11.054 million for the current first quarter ended 30th April 2000. More than 75% of the Group’s total turnover are from sales of low cost properties. Profit before tax, after interest from borrowings, depreciation and amortization recorded for the period under review amounts to RM1.024 million.

In the opinion of the Directors, the earnings of the Group for the current period under review have not been affected by any transaction or event of a material or unusual nature which has arisen between 31 January 2000 and the date of this announcement.

19	Current Year Prospects
Barring unforseen circumstances, the Board expects the Group’s financial performance will improve for the coming financial quarters.

20	Variance of Actual Profit from Forecast Profit
	Not applicable

21	Dividend
	No interim dividend is recommended .

By Order Of The Board

Lim Lai Sam
Company Secretary

Kuala Lumpur
29th June 2000.