Forging New Frontiers - PASDEC HOLDINGS BERHAD

Transcription

PASDEC HOLDINGS BERHAD (Company No. 367122-D)
14th Floor, Menara Teruntum
Jalan Mahkota, 25000 Kuantan, Pahang
Telephone / Telefon : 09-513 3888
Facsimile / Faksimili : 09-514 5988
www.pasdec.com.my
Laporan Tahunan 2007 Annual Report
Forging New Frontiers
laporan tahunan 2007 annual report
Our Vision
Our Mission
Visi
Misi
To be a progressive and an excellent organisation.
Menjadi organisasi yang progresif, cemerlang dan terunggul.
To
property
Menjadi organisasi yang terunggul dalam bidang
developement and to invest in other business which
hartanah dan melabur dalam lain-lain bidang perniagaan
could contribute the best return to the investors, customers
yang memberikan pulangan terbaik kepada pelabur,
and employees through an efficient and responsible
pelanggan dan pekerja melalui pengurusan yang cekap
management.
dan bertanggungjawab.
be
an
esteemed
organisation
in
Pasdec Holdings Berhad (“PASDEC”) is a leading property
developer in Pahang listed on the Main Board of the Bursa
Malaysia Securities Berhad (Stock Code: 6912) under the
property counter since 27 October 1997.
Pasdec Holdings Berhad (“PASDEC”) adalah merupakan
pemaju hartanah terunggul di negeri Pahang yang tersenarai
di Papan Utama Bursa Malaysia Securities Berhad (Kod Stok:
6912) sejak 27 Oktober 1997 di bawah kaunter hartanah.
PASDEC is responsible for coordinating and marketing Pahang’s
vast resources to create new opportunity for growth and
prosperity. Its present authorised and paid up capital is RM500
million and RM205.9 million respectively.
PASDEC bertanggungjawab membantu negeri Pahang yang
kaya dengan pelbagai sumber, menyelaras dan memasarkan
sumber-sumber tersebut serta mewujudkan peluang-peluang
baru yang menjanjikan pertumbuhan dan kemajuan. Modal
dibenar dan modal berbayar PASDEC masing-masing adalah
RM500 juta dan RM205.9 juta.
As an investment holding company, the principal activities of
PASDEC through its subsidiaries include property development,
project management, trading of building materials, engaging
in construction business, manufacturing of bricks and
management of resorts and condominium.
PASDEC’s constantly expanding investment portfolio is
channelled through numerous subsidiary companies and joint
ventures.
Sebagai syarikat pemegang pelaburan, kegiatan utama
PASDEC melalui syarikat-syarikat subsidiarinya adalah dalam
pembangunan hartanah, pengurusan projek, perdagangn
bahan binaan, menceburi dalam bidang pembinaan,
pembuatan batu bata dan pengurusan resort serta
kondominium.
Portfolio pelaburan PASDEC sentiasa diperluas melalui rangkaian
syarikat-syarikat subsidiarinya yang luas dan pelbagai usahasama
yang dijalankan.
CONTENTS/ KANDUNGAN
2
Notice of Annual General Meeting
3
Notis Mesyuarat Agung Tahunan
4 Statement Accompanying
4 Penyata Mengiringi
5
Group Financial Summary
5
Ringkasan Kewangan Kumpulan
6
Corporate Structure
6
Struktur Korporat
7
Corporate Information
7
Maklumat Korporat
10
Profile of Directors
10
Profil Lembaga Pengarah
20
Management Team
20
Kumpulan Pengurusan
22
Letter from Chairman
22
Perutusan Pengerusi
36
Corporate Governance Statement
36
Penyata Urus Tadbir Korporat
41
Directors’ Responsibility Statement
41
Penyata Tanggungjawab Para Pengarah
42
Statement on Internal Control
42
Penyata Kawalan Dalaman
43 Audit Committee Report
4 3
Laporan Jawatankuasa Audit
50
Corporate Events ‘07
50
Acara Korporat ‘07
55
Financial Statements
113 Penyata Kewangan
171 Analysis of Shareholdings
171 Analisa Pemegang Saham
1 73 List of Properties
173 Pegangan Hartanah
196 Corporate Directory
196 Panduan Korporat
• • Proxy Form
Borang Proksi
NOTICE IS HEREBY GIVEN THAT the Twelfth (12th) Annual General Meeting of PASDEC
HOLDINGS BERHAD will be held at Meranti I, Hyatt Regency Kuantan Resort, Telok
Chempedak, 25050 Kuantan, Pahang Darul Makmur on Tuesday, 24 June 2008 at
10:30 a.m. for the following purposes:AGENDA
NOTICE OF DIVIDEND PAYMENT AND ENTITLEMENT DATE
1. To receive the audited financial statements for the year ended
31 December 2007 together with the reports of the Directors
and Auditors thereon.
(Resolution 1)
NOTICE IS ALSO HEREBY GIVEN THAT the final dividend of 2
sen per share less 26% Malaysian Income Tax in respect of the
financial year ended 31 December 2007, if approved by the
shareholders at the forthcoming Twelfth Annual General Meeting,
shall be paid on 27 August 2008.
The entitlement date shall be on 15 August 2008 and a Depositor
shall qualify for entitlement to the dividend only in respect of:
a.Shares transferred to the Depositors’ Securities Account before
4:00 p.m. on 15 August 2008 in respect of transfers; and
b. Shares bought on Bursa Malaysia Securities Berhad on a cum
entitlement basis according to the Rules of Bursa Malaysia
Securities Berhad. 2. To declare a first and final dividend of 2 sen per share less 26%
Malaysian Income Tax in respect of the financial year ended
31 December 2007.
(Resolution 2)
3. To re-elect the following Directors who retire in accordance
with Article 83 of the Company’s Articles of Association:-
(a) Dato’ Haji Lias bin Mohd Noor
(Resolution 3)
(b) Dato’ Haji Mohamad Nor bin Ali
(Resolution 4)
(c) Majid bin Mohamad
(Resolution 5)
4. To consider and if thought fit, to pass the following Ordinary
Resolution in accordance with Section 129 of the Companies
Act, 1965: “That pursuant to Section 129(6) of the Companies Act, 1965
Dato’ Mohamed Amin bin Haji Daud, who has attained the
age of seventy (70) years, be re-appointed as Director of
the Company to hold office until the next Annual General
Meeting”.
(Resolution 6)
By Order Of The Board,
SHAKERAH ENAYETALI
Company Secretary
Kuantan
30 May 2008
5. To approve Directors’ fees for the year ended 31 December
2007.
(Resolution 7)
6. To re-appoint Messrs Hanafiah Raslan & Mohamad as Auditors
and to authorise the Directors to fix their remuneration.
(Resolution 8)
PASDEC HOLDINGS BERHAD ANNUAL REPORT 2007
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7. To consider any other business of which due notice shall have
been given.
Notes:
1. A member entitled to attend and vote at the meeting may appoint not more than two proxies to attend and vote in his stead, but such
appointment shall be invalid unless he specifies the proportions of his holdings for each proxy. A proxy may, but need not be a member of the
Company and the provisions of Section 149(1)(b) of the Companies Act, 1965 shall not apply to the Company.
2. A member of the Company who is an authorised nominee as defined under the Securities Industry (Central Depositories) Act, 1991 may appoint
at least one proxy but not more than two proxies in respect of each securities account.
3. The instrument appointing a proxy must be signed by the appointer or his attorney duly authorised in writing or if the appointer is a corporation either under common seal or under the hand of an attorney or an officer duly authorised.
4. The instrument appointing a proxy must be deposited at the Registered Office of the Company at 14th Floor, Menara Teruntum, Jalan Mahkota,
25000 Kuantan, Pahang Darul Makmur, not less than forty-eight (48) hours before the time appointed for holding the meeting or any adjournment
thereof.
NOTIS DENGAN INI DIBERIKAN BAHAWA Mesyuarat Agung Tahunan Ke Dua Belas
(12) PASDEC HOLDINGS BERHAD akan diadakan di Meranti I, Hyatt Regency Kuantan
Resort, Telok Chempedak, 25050 Kuantan, Pahang Darul Makmur pada hari Selasa,
24 Jun 2008 jam 10:30 pagi untuk tujuan-tujuan berikut :AGENDA
NOTIS TARIKH PEMBAYARAN DIVIDEN DAN KELAYAKAN
1. Menerima penyata kewangan beraudit bagi tahun berakhir
31 Disember 2007 berserta dengan Laporan Pengarah dan
Juruaudit mengenainya.
(Resolusi 1)
NOTIS ADALAH JUGA DENGAN INI DIBERIKAN BAHAWA dividen
akhir sebanyak 2 sen sesaham tolak 26% Cukai Pendapatan
Malaysia bagi tahun kewangan berakhir 31 Disember 2007,
sekiranya diluluskan oleh para pemegang saham di Mesyuarat
Agung Tahunan Ke Dua Belas, akan dibayar pada 27 Ogos
2008.
Tarikh kelayakan adalah pada 15 Ogos 2008 dan Pendeposit
hanya layak untuk menerima dividen berhubung dengan:
a.Saham-saham yang dipindahkan kepada Akaun Sekuriti
Penyimpan sebelum 4:00 petang pada 15 Ogos 2008, bagi
perpindahan; dan
b. Saham-saham yang dibeli di Bursa Malaysia Securities Berhad
atas dasar kelayakan mengikut Peraturan-Peraturan Bursa
Malaysia Securities Berhad. 2. Mengisytiharkan dividen pertama dan terakhir sebanyak 2 sen
sesaham ditolak 26% Cukai Pendapatan Malaysia bagi tahun
kewangan berakhir 31 Disember 2007.
(Resolusi 2)
3. Melantik semula Pengarah-Pengarah berikut yang bersara
menurut Artikel 83 Tataurusan Penubuhan Syarikat: (a) Dato’ Haji Lias bin Mohd Noor
(Resolusi 3)
(b) Dato’ Haji Mohamad Nor bin Ali
(Resolusi 4)
(c) Majid bin Mohamad
(Resolusi 5)
4. Untuk mempertimbangkan dan jika perlu, meluluskan Resolusi
Biasa berikut menurut Seksyen 129 Akta Syarikat, 1965: “Bahawa menurut Seksyen 129(6) Akta Syarikat, 1965 Dato’
Mohamed Amin bin Haji Daud, yang telah mencapai umur
tujuh puluh (70) tahun, dipersetujui untuk dilantik semula
sebagai Pengarah Syarikat sehingga Mesyuarat Agung
Tahunan yang akan datang”.
(Resolusi 6)
5. Meluluskan yuran para Pengarah bagi tahun kewangan
berakhir 31 Disember 2007.
(Resolusi 7)
Dengan Perintah Lembaga Pengarah,
SHAKERAH ENAYETALI
Setiausaha Syarikat
Kuantan
30 Mei 2008
6. Melantik semula Tetuan Hanafiah Raslan & Mohamad sebagai
Juruaudit dan memberikan kuasa kepada para Pengarah
untuk menetapkan imbuhan mereka.
(Resolusi 8)
Nota:
1. Seorang ahli Syarikat yang layak hadir dan mengundi di mesyuarat, layak melantik tidak lebih dari dua orang proksi untuk hadir dan mengundi
bagi pihaknya, tetapi perlantikan tersebut tidak sah melainkan ahli menentukan bahagian sahamnya untuk diwakili oleh setiap proksi . Seorang
proksi boleh, tetapi tidak semestinya seorang ahli Syarikat dan peruntukan di bawah Seksyen 149(1)[b] Akta Syarikat 1965, tidak terpakai ke atas
Syarikat.
2. Seorang ahli Syarikat yang merupakan nomini sebagaimana dijelaskan di bawah Akta Industri Sekuriti (Depositori Pusat), 1991, boleh melantik
seorang proksi tetapi tidak lebih dari dua proksi bagi setiap akaun sekuriti.
3. Suratcara perlantikan proksi hendaklah ditandatangani oleh pihak yang membuat perlantikan atau peguam yang diberi kuasa secara bertulis,
atau sekiranya pihak yang membuat perlantikan ialah sebuah perbadanan, ia hendaklah dibuat di bawah cop mohor atau ditandatangani
oleh pegawai atau peguam yang diberi kuasa.
4. Suratcara perlantikan proksi mestilah diserahkan ke Pejabat Berdaftar Syarikat di Tingkat 14, Menara Teruntum, Jalan Mahkota, 25000 Kuantan,
Pahang Darul Makmur tidak lewat daripada empat puluh lapan (48) jam sebelum masa yang dijadualkan bagi mesyuarat tersebut atau
sebarang penangguhannya.
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7. Mempertimbangkan sebarang urusan lain di mana notis yang
sewajarnya telah diberikan.
STATEMENT ACCOMPAnYING NOTICE OF
ANNUAL GENERAL MEETING
1. The respective profiles of the Directors who are standing for re-election and re-appointment under Item 3 and 4 respectively of
the Notice of Twelfth Annual General Meeting are set out in the Profile of Directors on pages 10 to 19 of this Annual Report. Their
interests in the securities of the Company and its subsidiaries are disclosed on page 172 of this Annual Report.
PENYATA MENGIRINGI NOTIS MESYUARAT
AGUNG TAHUNAN
1. Profil pengarah-pengarah yang akan dilantik semula di bawah Item 3 dan 4 Notis Mesyuarat Agung Tahunan Ke Dua Belas
dimuatkan di dalam Profil Lembaga Pengarah di muka surat 10 hingga 19 Laporan Tahunan ini. Pegangan sekuriti mereka di
dalam Syarikat dan anak-anak syarikat dinyatakan di muka surat 172 Laporan Tahunan ini.
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Group financial summary
ringkasan kewangan kumpulan
26
120
106
20
72
60
40
33
40
6
10
5
(RM Million / RM Juta)
15
80
100
400
25
107
2
1
(23)
0
-5
-10
-15
20
319
325
327
2004
2005
2006
342
354
300
200
100
-20
0
2003
2004
2005
2006
-25
2007
Turnover
Perolehan
2003
2004
2005
2006
0
2007
2003
Profit/(loss) for the year
Keuntungan/(kerugian) bagi tahun semasa
2007
Net Assets
Aset Bersih
15.34
1.75
1.66
1.72
1.55
1.58
1.59
1.5
(sen)
(RM)
1.25
1
0.75
0.5
0.25
0
2003
2004
2005
Net Assets Per Share (RM)
Aset Bersih Sesaham (RM)
2006
2007
12
10
8
6
4
2
0
-2
-4
-6
-8
-10
-12
2.92
0.83
0.55
(11.10)
0
2003
2004
2005
2006
2007
Earnings/(loss) Per Share (sen)
Pendapatan/(kerugian) Sesaham (sen)
Turnover / Perolehan Profit/(loss) after taxation / Keuntungan/(kerugian) selepas cukai
Net assets / Aset bersih Net assets per share (RM) / Aset bersih sesaham (RM) Earnings/(loss) per share (sen) / Pendapatan/(kerugian) sesaham (sen) Year Ended 31 December / Tahun Berakhir 31 Disember
2003
RM’000
2004
RM’000
2005
RM’000
2006
RM’000
2007
RM’000
40,090
1,152 341,594 1.66 0.83 32,992
(23,846) 318,725 1.55 (11.10) 72,001
5,339
324,749
1.58
2.92
105,659
1,251
326,576
1.59
0.55
107,229
26,404
354,099
1.72
15.34
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Corporate structure
struktur Korporat
100% Pasdec Putra Sdn. Bhd.
40% Pasdec Cempaka Sdn. Bhd.
40% Genting View Resort
Development Sdn. Bhd.
20% Prima Prai Sdn. Bhd.
100% Pasdec Corporation Sdn. Bhd.
100% Kuantan Tembeling Resort Sdn. Bhd.
30% KTR Resorts Sdn. Bhd.
100% Pasdec Land Sdn. Bhd.
100% Pasdec Mega Sdn. Bhd.
100% Sumbangan Sakti Sdn. Bhd.
100% Mutiara Pasdec Sdn. Bhd.
100% Pahang Aircraft Industries Sdn. Bhd.
100% Pasdec Trading Sdn. Bhd.
100% Pasdec Bina Sdn. Bhd.
100% Kuantan Bricks Sdn. Bhd.
70% Pasdec Pintas Sdn. Bhd.
70% Bentong Aquarium &
Sanctuary Park Sdn. Bhd.
51% Kimdec Corporation Sdn. Bhd.
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Property Development/
Pembangunan Hartanah
Trading and Contracting/
Perdagangan dan Kontraktor
Manufacturing/
Pembuatan
Others/ Lain-lain
Corporate Information
Maklumat Korporat
Board of Directors
Lembaga Pengarah
COMPANY SECRETARY
Setiausaha Syarikat
YAB Dato’ Sri Haji Adnan Bin Haji Yaakob
Shakerah Enayetali
YH Dato’ Abdul Ghani Bin Sulaiman
Non-Independent Non-Executive Deputy Chairman
Timbalan Pengerusi Bukan Bebas Bukan Eksekutif
Encik Yusof Ali Bin Haji Mohamed Zain
Group Managing Director
Pengarah Urusan Kumpulan
YH Dato’ Haji Lias Bin Mohd Noor
Non-Independent Non-Executive Director
Pengarah Bukan Bebas Bukan Eksekutif
YH Dato’ Hamdan Bin Jaafar
YH Dato’ Haji Mohamad Nor Bin Ali
Registered Office
Pejabat Berdaftar
Tingkat 14, Menara Teruntum
Jalan Mahkota, 25000 Kuantan
Pahang Darul Makmur
Telephone/Telefon : 09-5133888
Facsimile/Faksimili : 09-5145988
Registrar
Pendaftar
Securities Services (Holdings) Sdn. Bhd.
Level 7, Menara Milenium
Jalan Damanlela, Pusat Bandar Damansara
Damansara Heights, 50490 Kuala Lumpur
Telephone/Telefon : 03-2084 9000
Facsimile/Faksimili : 03-2094 9940
Auditors
Juruaudit
Encik Majid Bin Mohamad
Hanafiah Raslan & Mohamad
Public Accountants/ Akauntan Awam
YH Dato’ Mohamed Amin Bin Haji Daud
Senior Independent Non-Executive Director
Pengarah Bebas Kanan Bukan Eksekutif
YH Dato’ Sri Khalid Bin Mohamad Jiwa
Independent Non-Executive Director
Pengarah Bebas Bukan Eksekutif
Encik Abdullah Bin A. Rasol
Independent Non-Executive Director
Pengarah Bebas Bukan Eksekutif
Principal Bankers
Bank-bank Utama
CIMB Bank Berhad
RHB Bank Berhad
AmBank Berhad
Stock Exchange Listing
Penyenaraian Bursa Saham
Main Board of Bursa Malaysia Securities Berhad
Papan Utama Bursa Malaysia Securities Berhad
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Non-Independent Non-Executive Chairman
Pengerusi Bukan Bebas Bukan Eksekutif
We began with
a common
understanding...
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Dato’ Sri Haji Adnan bin Haji Yaakob
Chairman/Pengerusi
Non-Independent Non-Executive Director/Pengarah Bukan Bebas Bukan Eksekutif
Dato’ Sri Haji Adnan bin Haji Yaakob, a Malaysian, aged 58, was appointed as Chairman and Director of Pasdec Holdings Berhad
on 21 January 2003. He holds a B.A (Hons) and Diploma In Education from University of Malaya.
A well-known politician, he is a member of the Pahang State Legislative Assembly representing the Pelangai Constituency since 1986.
Dato’ Sri Haji Adnan has been the Chief Minister of Pahang since May 1999. He is also the Chairman of the State Executive Council
of Pahang and holds portfolios in various committees.
Dato’ Sri Haji Adnan is the Chairman of Mentiga Corporation Berhad and state owned agencies such as Perbadanan Kemajuan
Negeri Pahang (PKNP), Pahang State Foundation, Amanah Saham Pahang (ASPA), Kumpulan Permodalan Bumiputera Pahang
(KUMIPA), Lembaga Kemajuan Perusahaan Pertanian (LKPP) and Perbadanan Perpustakaan Awam Pahang (PPAP).
He does not have any family relationship with any other director and/or major shareholder, nor any conflict of interest with Pasdec
Holdings Berhad. He has not been convicted for any offences (other than traffic offences) within the past 10 years.
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Dato’ Sri Haji Adnan bin Haji Yaakob, seorang warganegara Malaysia berusia 58 tahun, dilantik sebagai Pengerusi dan Pengarah
Pasdec Holdings Berhad pada 21 Januari 2003. Beliau berkelulusan Ijazah Sarjana Muda Sastera (Kepujian) dan Diploma Pendidikan
daripada Universiti Malaya.
Ahli politik yang dikenali ramai, beliau seorang Ahli Dewan Undangan Negeri mewakili kawasan Pelangai sejak tahun 1986. Dato’ Sri
Haji Adnan telah dilantik sebagai Menteri Besar Pahang sejak Mei 1999. Beliau juga merupakan Pengerusi Majlis Mesyuarat Kerajaan
Negeri Pahang dan memegang portfolio dalam beberapa jawatankuasa.
Dato’ Sri Haji Adnan merupakan Pengerusi Mentiga Corporation Berhad dan agensi-agensi milik kerajaan negeri seperti Perbadanan
Kemajuan Negeri Pahang (PKNP), Yayasan Pahang (YP), Amanah Saham Pahang (ASPA), Kumpulan Permodalan Bumiputera Pahang
(KUMIPA), Lembaga Kemajuan Perusahaan Pertanian (LKPP) dan Perbadanan Perpustakaan Awam Pahang (PPAP).
Beliau tiada hubungan kekeluargaan dengan mana-mana pengarah lain dan/atau pemegang saham utama, mahupun sebarang
konflik kepentingan dengan Pasdec Holdings Berhad. Beliau tidak pernah disabit dengan apa-apa kesalahan (selain kesalahan lalu
lintas) dalam tempoh 10 tahun yang lepas.
Dato’ Abdul Ghani bin Sulaiman
Deputy Chairman/Timbalan Pengerusi
Dato’ Abdul Ghani bin Sulaiman, a Malaysian, aged 65, was appointed as Deputy Chairman and Director of Pasdec Holdings
Berhad on 22 April 2003. He graduated with a degree in Bachelor of Arts (Honours) from the University of Malaya in 1968 and served
as an Officer of the Malaysian Administrative and Diplomatic Service in various government agencies. Subsequently, he obtained
his Diploma in Development Administration from Manchester University, United Kingdom in 1976, after which he continued to hold
various posts in government agencies including the post of Malacca State Financial Officer, Sarawak State Development Officer,
General Manager of Penang Regional Development Authority (PERDA) and Director of Pay and Allowance Division, Public Services
Department, Malaysia.
Dato’ Haji Abdul Ghani went on to serve as the State Secretary of Pahang in 1996 before retiring in 1998. Presently, he is the NonExecutive Deputy Chairman of Teras Dara Konsortium Sdn. Bhd., Deputy Chairman of Pahang State Appeal Board and Chairman of
a few other private companies. He is the Chairman of the Remuneration Committee of Pasdec Holdings Berhad.
Dato’ Abdul Ghani berkhidmat sebagai Setiausaha Kerajaan Negeri Pahang pada tahun 1996 sebelum bersara pada tahun 1998.
Pada masa ini, beliau merupakan Timbalan Pengerusi Bukan Eksekutif Syarikat Teras Dara Konsortium Sdn. Bhd., Timbalan Pengerusi
Lembaga Rayuan Negeri Pahang dan merupakan Pengerusi di beberapa syarikat sendirian berhad yang lain. Beliau merupakan
Pengerusi Jawatankuasa Ganjaran Pasdec Holdings Berhad.
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Dato’ Abdul Ghani bin Sulaiman, seorang warganegara Malaysia berusia 65 tahun, telah dilantik sebagai Timbalan Pengerusi
dan Pengarah Pasdec Holdings Berhad pada 22 April 2003. Beliau memperolehi Ijazah Sarjana Muda Sastera (Kepujian) daripada
Universiti Malaya pada tahun 1968 dan telah berkhidmat sebagai Pegawai Tadbir dan Diplomatik Malaysia di beberapa agensi
kerajaan. Seterusnya, beliau memperoleh Diploma dalam Pentadbiran Pembangunan daripada Manchester University di United
Kingdom pada tahun 1976. Kemudian daripada itu, beliau terus menyandang pelbagai jawatan di agensi-agensi kerajaan,
termasuk jawatan Pegawai Kewangan Negeri Melaka, Pegawai Kemajuan Negeri Sarawak, Pengurus Besar Lembaga Kemajuan
Wilayah Pulau Pinang (PERDA) dan Pengarah Bahagian Gaji dan Elaun di Jabatan Perkhidmatan Awam Malaysia.
YUSOF ALI BIN HAJI MOHAMED ZAIN
Group Managing Director/Pengarah Urusan Kumpulan
Yusof Ali Bin Haji Mohamed Zain, a Malaysian, aged 63, holds a LLB (Hons) and LLM from Buckingham, as well as MSc (Transport)
and MBA (Management) from Cranfield, England. He is an advocate and solicitor and was appointed to the Board as Group
Managing Director of Pasdec Holdings Berhad on 28 February 2005.
He commenced his career in banking sector from 1994 until 2000 in Affin Bank Berhad and held the post of General Manager. During
his tenure in the bank, he was assigned in various capacity including human resource management and training, marketing, corporate
communication and public relations. Prior to this, he has held various senior managerial positions in transportation companies from
1974 to 1990. His strong background in banking and financial sector is an added advantage to Pasdec Holdings Berhad. He is a
member of the Tender Committee of Pasdec Holdings Berhad.
Yusof Ali bin Haji Mohamed Zain, seorang warganegara Malaysia, berusia 63 tahun berkelulusan LLB (Kepujian) dan LLM dari
Buckingham serta MSc (Pengangkutan) dan MBA (Pengurusan) dari Cranfield, England. Seorang peguambela dan peguamcara,
beliau telah dilantik menganggotai Lembaga Pengarah sebagai Pengarah Urusan Kumpulan Pasdec Holdings Berhad pada 28
Februari 2005.
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Beliau memulakan kerjaya di dalam sektor perbankan dari tahun 1994 hingga 2000 di Affin Bank Berhad dan menyandang jawatan
sebagai Pengurus Besar. Sepanjang berkhidmat di dalam sektor perbankan, beliau telah melaksana pelbagai bidang tugas meliputi
pengurusan dan latihan sumber manusia, pemasaran, komunikasi korporat dan perhubungan awam. Sebelum itu, beliau pernah
menyandang beberapa jawatan pengurusan kanan di beberapa syarikat perkapalan dari tahun 1974 hingga 1990. Pengetahuan
dan pengalaman beliau yang luas di dalam sektor perbankan dan kewangan adalah satu kelebihan kepada Pasdec Holdings
Berhad. Beliau merupakan ahli Jawatankuasa Tender Pasdec Holdings Berhad.
DATO’ HAJI LIAS BIN MOHD NOOR
Dato’ Haji Lias bin Mohd Noor, a Malaysian, aged 57, was appointed to the Board on 19 August 2002. He is a B.A (Econs) (Hons)
graduate of Universiti Kebangsaan Malaysia. In 1993, he attended the Stanford Executive Program at Stanford University, USA and later
in 2000 earned an MBA from Universiti Kebangsaan Malaysia.
He is the Chief Executive Officer of Perbadanan Kemajuan Negeri Pahang (PKNP). Prior to being promoted to his present post on 1
January 2003, he was the Acting Chief Executive Officer and Deputy General Manager of PKNP. He also sits on the Board of Astana
Golf Resort Berhad and Pascorp Paper Industries Berhad.
Dato’ Haji Lias is a member of the Audit Committee, Nomination Committee and Remuneration Committee of Pasdec Holdings
Berhad.
Beliau merupakan Ketua Pegawai Eksekutif Perbadanan Kemajuan Negeri Pahang (PKNP). Sebelum dinaikkan pangkat ke jawatannya
kini pada 1 Januari 2003, beliau menjadi Pemangku Ketua Pegawai Eksekutif dan Timbalan Pengurus Besar PKNP. Beliau juga
menganggotai Lembaga Pengarah Astana Golf Resort Berhad dan Pascorp Paper Industries Berhad.
Dato’ Haji Lias merupakan ahli Jawatankuasa Audit, Jawatankuasa Pencalonan dan Jawatankuasa Ganjaran Pasdec Holdings
Berhad.
13
Dato’ Haji Lias bin Mohd Noor, seorang warganegara Malaysia berusia 57 tahun, dilantik menjadi ahli Lembaga Pengarah pada
19 Ogos 2002. Beliau berkelulusan Sarjana Muda Sastera (Ekonomi) (Kepujian) daripada Universiti Kebangsaan Malaysia. Pada tahun
1993, beliau menghadiri Program Eksekutif Stanford di Stanford University, AS dan kemudian memperolehi MBA daripada Universiti
Kebangsaan Malaysia dalam tahun 2000.
DATO’ HAMDAN BIN JAAFAR
Dato’ Hamdan bin Jaafar, a Malaysian aged 57, and an Economics Graduate from University Malaya, was appointed to the Board
on 14 November 1995. Upon graduation in 1974, he joined Perbadanan Kemajuan Negeri Pahang (PKNP) as an Administrative
Officer.
He served in various departments within the PKNP Group and went on to become the Deputy General Manager before being
promoted to Chief Executive of PKNP, a post which he held from 1994 to 2001. He was appointed as an Executive Director of Pasdec
Holdings Berhad in December 1996 and subsequently in November 2001, he was seconded to Pasdec Holdings Berhad as the Group
Managing Director where he served until early January 2005 before being called back to PKNP until his retirement in 2007. Presently,
he is running his own business. His experience ranges from township and real estate development and major socio-economic
development in Pahang. Dato’ Hamdan is also a member of the Tender Committee of Pasdec Holdings Berhad.
14
Dato’ Hamdan bin Jaafar, seorang warganegara Malaysia berusia 57 tahun, dan seorang graduan Ekonomi dari Universiti Malaya,
telah dilantik sebagai Pengarah Pasdec Holdings Berhad pada 14 November 1995. Sebaik menamatkan pengajian pada tahun
1974, beliau menyertai Perbadanan Kemajuan Negeri Pahang (PKNP) sebagai seorang Pegawai Pentadbiran.
Beliau pernah berkhidmat di berbilang jabatan dalam Kumpulan PKNP dan seterusnya memegang jawatan Timbalan Pengurus
Besar sebelum dinaikkan pangkat menjadi Ketua Eksekutif PKNP, jawatan yang disandang dari tahun 1994 hingga 2001. Beliau telah
dilantik sebagai Pengarah Eksekutif Pasdec Holdings Berhad pada Disember 1996 dan seterusnya pada bulan November 2001,
beliau dipinjamkan ke Pasdec Holdings Berhad sebagai Pengarah Urusan Kumpulan di mana beliau berkhidmat sehingga awal
Januari 2005 sebelum diarah kembali bertugas ke PKNP sehinggalah persaraan beliau pada tahun 2007. Pada masa ini, beliau
menjalankan perniagaannya sendiri. Pengalaman beliau merangkumi pembangunan bandar dan hartanah serta perkembangan
sosio-ekonomi utama di negeri Pahang. Dato’ Hamdan juga merupakan ahli Jawatankuasa Tender Pasdec Holdings Berhad.
DATO’ HAJI MOHAMAD NOR BIN ALI
Non-Independent Non-Executive Director/ Pengarah Bukan Bebas Bukan Eksekutif
Dato’ Haji Mohamad Nor bin Ali, a Malaysian, aged 62, was appointed to the Board on 22 August 2002. Having graduated from
University of Malaya with a B.A (Hons) Sociology in 1969, Dato’ Haji Mohamad Nor went on to take his Diploma In Management Science,
and subsequently earned an MBA (Investments) and MBO from Northrop University, USA. He is a Fellow of Canadian Comprehensive
Auditing Foundation (CCAF) since 1986.
He has vast experience in the audit field having served in the Public Sector as Director of Audit in various states including Pahang,
Terengganu, Johor and Selangor. He was the Assistant Auditor General in 1996 before being promoted to Deputy Auditor General, a
post he held until his retirement in 2001. Presently, he is running his own academy as the President of Modern Intellectual Development
Academy. He is also a member of the Audit Committee and Remuneration Committee and Chairman of the Tender Committee of
Pasdec Holdings Berhad.
Beliau berpengalaman luas dalam bidang audit setelah berkhidmat dalam Sektor Awam sebagai Pengarah Audit di beberapa
negeri termasuk Pahang, Terengganu, Johor dan Selangor. Beliau pernah menyandang jawatan Penolong Ketua Juruaudit pada
tahun 1996 sebelum dinaikkan pangkat kepada Timbalan Ketua Juruaudit, jawatan yang disandangnya sehingga beliau bersara
pada tahun 2001. Kini, beliau mengendalikan akademi sendiri sebagai Presiden Akademi MINDA (Modern Intellectual Development
Academy). Beliau juga merupakan ahli Jawatankuasa Audit, Jawatankuasa Ganjaran dan Pengerusi Jawatankuasa Tender Pasdec
Holdings Berhad.
15
Dato’ Haji Mohamad Nor bin Ali, seorang warganegara Malaysia, berusia 62 tahun, telah dilantik sebagai ahli Lembaga Pengarah
pada 22 Ogos 2002. Setelah memperoleh Ijazah Sarjana Muda Sastera (Kepujian) dalam jurusan Sosiologi daripada Universiti Malaya
pada tahun 1969, Dato’ Haji Mohamad Nor melanjutkan pelajarannya untuk memperoleh Diploma dalam Sains Pengurusan dan
seterusnya kelulusan MBA (Pelaburan) dan MBO daripada Northrop University, AS. Beliau merupakan Fellow Canadian Comprehensive
Auditing Foundation sejak tahun 1986.
MAJID BIN MOHAMAD
Non-Independent Non-Executive Director/ Pengarah Bukan Bebas Bukan Eksekutif
Majid Bin Mohamad, a Malaysian, aged 54, was appointed to the Board on 19 August 2002. He graduated from University of
Malaya with B.A (Hons) and later earned an MBA from Manchester Business School, England in 1985. He has also attended the
Program for Management Development at Harvard Business School, Boston, USA in 1989 and an Advanced Management Program,
at INSEAD, Paris in 2007. He first started his career in 1977 as a Bank Officer with the Central Bank of Malaysia and served various
departments between 1977 to 1993.
After working in the Central Bank for 15 years, he joined the insurance industry in 1994. He served as Chief Executive Officer of Pacific
and Orient Insurance Sdn. Bhd., MNI Berhad, The People’s Insurance Co. (M) Berhad and Talasco Insurance Berhad between 1994
to April 2002. In June 2002, he joined Labuan Reinsurance (L) Ltd as Executive Vice President/Deputy Chief Executive Officer. At
present, he is the President/Chief Executive Officer of Labuan Reinsurance (L) Ltd. Majid is also Vice Chairman of Labuan International
Insurance Association (LIIA), a member of the Investment Committee of Kumpulan Permodalan Bumiputera Pahang (KUMIPA) and
Director of Pasdec Resources (SA) Ltd.
16
Majid bin Mohamad, seorang warganegara Malaysia berusia 54 tahun, telah dilantik sebagai ahli Lembaga Pengarah pada 19
Ogos 2002. Beliau memperoleh Ijazah Sarjana Muda Sastera (Kepujian) daripada Universiti Malaya diikuti kelulusan MBA daripada
Manchester Business School, England pada tahun 1985. Beliau juga telah menghadiri Program Pembangunan Pengurusan di
Harvard Business School, Boston, AS pada tahun 1989 dan Program Pengurusan Lanjutan di INSEAD, Paris pada tahun 2007. Beliau
memulakan kerjayanya pada tahun 1977 sebagai Pegawai Bank di Bank Negara Malaysia dan berkhidmat di beberapa jabatan di
antara tahun 1977 hingga 1993.
Selepas bekerja dengan Bank Negara selama 15 tahun, beliau menceburi industri insurans pada tahun 1994. Beliau pernah
memegang jawatan Ketua Pegawai Eksekutif Pacific and Orient Insurance Sdn. Bhd., MNI Berhad, The People’s Insurance Co. (M)
Berhad dan Talasco Insurance Berhad antara 1994 hingga April 2002. Pada bulan Jun 2002, beliau menyertai Labuan Reinsurance
(L) Ltd sebagai Naib Presiden Eksekutif/Timbalan Ketua Pegawai Eksekutif. Pada masa ini, beliau adalah Presiden/Ketua Pegawai
Eksekutif Labuan Reinsurance (L) Ltd. En. Majid juga merupakan Naib Pengerusi Persatuan Insurans Antarabangsa Labuan (LIIA), ahli
Jawatankuasa Pelaburan Kumpulan Permodalan Bumiputera Pahang (KUMIPA) dan Pengarah Pasdec Resources (SA) Ltd.
DATO’ MOHAMED AMIN BIN HAJI DAUD
Senior Independent Non-Executive Director/ Pengarah Bebas Kanan Bukan Eksekutif
Dato’ Mohamed Amin bin Haji Daud, a Malaysian, aged 70, was appointed to the Board on 30 April 1997. He is a Barrister-at-law of
the Honorable Society of Middle Temple and was called to the English Bar in November 1971. Upon returning to Malaysia, he joined
Messrs Ibam Sdn. Bhd. in 1972 as Company Secretary and was later promoted to Deputy General Manager of the same company.
Subsequently, he went on to set-up his own law practice with two other lawyers in Kuantan.
He was a Member of Parliament of Pekan, Pahang from 1982 to 1986 and Rompin, Pahang from 1986 to 1990. He served as the
Deputy Speaker of Dewan Rakyat Malaysia from 1986 until 1990. He was the Chairman of Lembaga Kemajuan Pahang Tenggara
from 1986 until 1995 and Chairman of Kuantan Port Authority from 1985 until 1987. Dato’ Mohamed Amin serves as Chairman of the
Audit Committee and the Nomination Committee and a member of the Remuneration Committee of Pasdec Holdings Berhad.
Beliau pernah menjadi Ahli Parlimen bagi Kawasan Pekan, Pahang dari tahun 1982 hingga 1986 dan bagi Kawasan Rompin, Pahang
dari tahun 1986 hingga 1990. Beliau menjadi Timbalan Speaker Dewan Rakyat Malaysia dari tahun 1986 hingga 1990. Beliau telah
memegang jawatan Pengerusi Lembaga Kemajuan Pahang Tenggara dari tahun 1986 hingga 1995 dan Pengerusi Pelabuhan
Kuantan dari tahun 1985 hingga 1987. Dato’ Mohamed Amin merupakan Pengerusi Jawatankuasa Audit dan Jawatankuasa
Pencalonan serta ahli Jawatankuasa Ganjaran Pasdec Holdings Berhad.
17
Dato’ Mohamed Amin bin Haji Daud, seorang warganegara Malaysia berusia 70 tahun, telah dilantik menjadi ahli Lembaga
Pengarah pada 30 April 1997. Beliau seorang Barrister-at-Law Persatuan Terhormat di Middle Temple dan telah diterima masuk ke
Badan Peguam Inggeris pada bulan November 1971. Sebaik sahaja kembali ke Malaysia, beliau bekerja dengan Tetuan Ibam Sdn.
Bhd. pada tahun 1972 sebagai seorang Setiausaha Syarikat dan kemudian telah dinaikkan pangkat ke Timbalan Pengurus Besar di
syarikat yang sama. Seterusnya, beliau telah menubuhkan syarikat guaman sendiri bersama dua orang peguam lain di Kuantan.
DATO’ SRI KHALID BIN MOHAMAD JIWA
Independent Non-Executive Director/Pengarah Bebas Bukan Eksekutif
Dato’ Sri Khalid bin Mohamad Jiwa, a Malaysian aged 49, was appointed to the Board of Pasdec Holdings Berhad on 30 April 1997. His
career began in the financial sector when he joined Bank Bumiputera Malaysia Berhad (BBMB) in 1981. Dato’ Sri Khalid is a business graduate
from University of Technology MARA and during his tenure with BBMB, he has gathered vast knowledge and experience in financial business
activities. He also contributed significantly to the bank’s operations and business development especially when he was the Head of Credit at
one of its Selangor branches, responsible for analysing and managing credit portfolio.
His tremendous experience in the financial sector and other business fields has led to his involvement in corporate ventures. He began making
inroads into the corporate world when he was appointed as a Director of Pasdec Holdings Berhad. Dato’ Sri Khalid is also a Director of DFZ Capital
Berhad, Naluri Corporation Berhad, Asian Composite Manufacturing Sdn. Bhd. and United Industries Sdn. Bhd. He is the Executive Chairman
of Ace Global Ventures Sdn. Bhd. and its group of companies, which is involved in TV media services, supply of television programmes, event
management, supply of broadcast and other specialised equipment, property, construction and engineering works. He is also an advisor to
several community associations. Dato’ Sri Khalid is a member of the Audit Committee, Nomination Committee and Tender Committee of
Pasdec Holdings Berhad.
He does not have any family relationship with any other director and/or major shareholder, nor any conflict of interest with Pasdec Holdings
Berhad. He has not been convicted for any offences (other than traffic offences) within the past 10 years.
18
Dato’ Sri Khalid bin Mohamad Jiwa, seorang warganegara Malaysia berusia 49 tahun, telah dilantik menganggotai Lembaga Pengarah
Pasdec Holdings Berhad pada 30 April 1997. Kerjaya beliau bermula dalam sektor kewangan apabila menyertai Bank Bumiputera Malaysia
Berhad (BBMB) pada tahun 1981. Dato’ Sri Khalid seorang graduan Universiti Teknologi MARA dan sepanjang tempoh berkhidmat dengan BBMB
beliau memperoleh pengetahuan dan pengalaman luas di dalam aktiviti perniagaan kewangan. Beliau juga telah memberi sumbangan
yang penting di dalam operasi dan pembangunan perniagaan terutamanya sewaktu beliau memegang jawatan Pengurus Kredit di salah
sebuah cawangan bank tersebut di Selangor dimana beliau bertanggungjawab terhadap analisa dan pengurusan portfolio kredit.
Pengalaman di dalam sektor kewangan dan sektor-sektor perniagaan yang lain telah membuka jalan kepada penglibatan beliau di dalam
dunia korporat apabila beliau dilantik sebagai Pengarah Pasdec Holdings Berhad. Dato’ Sri Khalid juga adalah Pengarah DFZ Capital Berhad,
Naluri Corporation Berhad, Asian Composite Manufacturing Sdn. Bhd. dan United Industries Sdn. Bhd. Beliau juga merupakan Pengerusi Eksekutif
Kumpulan ACE Global Ventures Sdn. Bhd. yang terlibat di dalam perkhidmatan media televisyen, pembekal rancangan televisyen, pengurusan
acara, pembekal peralatan penyiaran dan lain-lain peralatan khas penyiaran, hartanah, pembinaan dan kerja-kerja kejuruteraan. Beliau
juga merupakan penasihat kepada beberapa pertubuhan masyarakat. Dato’ Sri Khalid merupakan ahli Jawatankuasa Audit, Jawatankuasa
Pencalonan dan Jawatankuasa Tender Pasdec Holdings Berhad.
Beliau tiada hubungan kekeluargaan dengan mana-mana pengarah lain dan/atau pemegang saham utama, mahupun sebarang konflik
kepentingan dengan Pasdec Holdings Berhad. Beliau tidak pernah disabit dengan apa-apa kesalahan (selain kesalahan lalu lintas) dalam
tempoh 10 tahun yang lepas.
ABDULLAH BIN A. RASOL
Independent Non-Executive Director/ Pengarah Bebas Bukan Eksekutif
Abdullah bin A. Rasol, a Malaysian, aged 58, was appointed to the Board on 23 May 2002. Abdullah is a Fellow of the Chartered
Association of Certified Accountants, United Kingdom and a Chartered Accountant with the Malaysian Institute of Accountants. He is
presently the Director of F&B and Tourism Sector of Eden Inc. Berhad (formerly known as Eden Enterprises (M) Berhad).
Prior to his present position, he was the Executive Director and Chief Executive Officer of Amanah General Insurance Berhad. He
served the Amanah Capital Group since 1984, initially serving as the Finance Manager of Amanah Merchant Bank Berhad (AMBB)
and moving on towards corporate banking and subsequently as the General Manager of AMBB. His tasks whilst at AMBB include
marketing and evaluation of credit facilities, management of assets, financial advisory, equity restructuring and project financing.
He gained audit and accounting experience in Coopers & Lybrand, Guthrie Malaysia Holdings Bhd and Pernas Construction Sdn. Bhd.
prior to joining AMBB. Abdullah serves as a member of the Audit Committee of Pasdec Holdings Berhad.
Sebelum daripada ini, beliau memegang jawatan Pengarah Eksekutif dan Ketua Pegawai Eksekutif Amanah General Insurance
Berhad. Beliau berkhidmat dengan Kumpulan Amanah Capital sejak tahun 1984, pada mulanya sebagai Pengurus Kewangan
dengan Amanah Merchant Bank Berhad (AMBB), seterusnya beralih ke bidang perbankan korporat dan akhir sekali sebagai Pengurus
Besar. Tugas-tugas beliau semasa berkhidmat di AMBB termasuk pemasaran dan penilaian kemudahan kredit, pengurusan aset,
khidmat nasihat kewangan, penstrukturan semula ekuiti serta pembiayaan projek.
Beliau telah memperolehi pengalaman dalam bidang audit dan perakaunan semasa beliau berkhidmat di Coopers & Lybrand,
Guthrie Malaysia Holdings Bhd. dan Pernas Constrution Sdn. Bhd. sebelum menyertai AMBB. Abdullah merupakan ahli Jawatankuasa
Audit Pasdec Holdings Berhad.
19
Abdullah bin A. Rasol, seorang warganegara Malaysia berusia 58 tahun, telah dilantik menjadi ahli Lembaga Pengarah pada 23
Mei 2002. Abdullah adalah seorang Fellow di Persatuan Berkanun Akauntan Bertauliah, United Kingdom dan merupakan Akauntan
Bertauliah dengan Institut Akauntan Malaysia. Pada masa ini beliau merupakan Pengarah F&B dan Sektor Pelancongan Eden Inc.
Berhad (dahulunya dikenali sebagai Eden Enterprises (M) Berhad).
Management Team
Kumpulan Pengurusan
Group Managing Director /
Pengarah Urusan Kumpulan
Dato’ Haji Mohd Kharuddin
Bin Mohd Ali
Goh Song Han
IR. Samsudin Bin Ishak
Shamsul Anuar Bin Ya’ akub
Shakerah Enayetali
Haji Mohd Azman Bin Sa’ ad
Mohd Asri Bin Mohamad Ripin
Haji Anwar Bin Matnor
Wan Khairuddin Bin
Wan Ab Manan
Zulkipli Bin Haji Jalaluddin
AHMAD SHAH BIN OTHMAN
MOHD RIZAN BIN ISMAIL
General Manager Business Development
Pengurus Besar Pembangunan Perniagaan
20
Company Secretary
Setiausaha Syarikat
General Manager / Pengurus Besar
Kuantan Tembeling Resort Sdn. Bhd.
Group Financial Controller
Pengawal Kewangan Kumpulan
Pasdec Putra Sdn. Bhd.
Manager / Pengurus
Kuantan Bricks Sdn. Bhd.
General Manager Project
Pengurus Besar Projek
Pasdec Land Sdn. Bhd.
Manager / Pengurus
Pasdec Trading Sdn. Bhd.
General Manager Administration
Pengurus Besar Pentadbiran
Pasdec Bina Sdn. Bhd.
Manager / Pengurus
Pasdec Mega Sdn. Bhd.
21
Letter from Chairman
Perutusan Pengerusi
DATO’ SRI HAJI ADNAN BIN HAJI YAAKOB
LETTER FROM CHAIRMAN
Perutusan pengerusi
Para Pemegang Saham Sekelian,
On behalf of the Board of Directors, I am
pleased to present the Annual Report and
Financial Statements of Pasdec Holdings
Berhad (PASDEC) for the financial year ended
31 December 2007. I am also pleased to
note that year 2007 marked the 10th year of
listing of PASDEC on the Main Board of Bursa
Malaysia Securities Berhad.
Saya bagi pihak Lembaga Pengarah,
dengan sukacitanya membentangkan
Laporan Tahunan dan Penyata Kewangan
Pasdec Holdings Berhad (PASDEC) bagi tahun
kewangan berakhir 31 Disember 2007. Saya
gembira kerana tahun 2007 menandakan
tahun ke-10 penyenaraian PASDEC di Papan
Utama Bursa Malaysia Securities Berhad.
OPERATING ENVIRONMENT
PERSEKITARAN OPERASI
The Malaysian economy grew by a steady 6.3% in the year
under review driven by robust domestic demand despite a
weaker external environment. Domestic demand increased by
10.5% in 2007 (2006: 7%), driven mainly by buoyant expansion
in private consumption and investment. Increases in disposable
income, firm labour market and favourable financing conditions
drove consumer spending higher, whilst private investment
activities remained strong with higher levels of spending in the
manufacturing, services and construction sectors as well as
upstream oil and gas activities (Source: Bank Negara Report
2007, Ministry of Finance Malaysia).
Ekonomi Malaysia berkembang pada kadar stabil 6.3%
ditinjau dalam tahun yang dipacu oleh permintaan domestik
yang kukuh meskipun dengan persekitaran luar negeri yang
lemah. Permintaan domestik meningkat 10.5% pada 2007
(2006: 7%), didorong terutamanya oleh pengembangan
memberangsangkan dalam penggunaan dan pelaburan
swasta. Peningkatan dalam pendapatan boleh guna,
pasaran buruh yang teguh dan keadaan pembiayaan yang
menggalakkan mendorong perbelanjaan konsumer yang lebih
tinggi, sementara aktiviti pelaburan swasta terus kukuh dengan
kadar perbelanjaan yang lebih tinggi dalam sektor perkilangan,
perkhidmatan dan pembinaan juga aktiviti huluan minyak
dan gas (Sumber: Laporan Bank Negara 2007, Kementerian
Kewangan Malaysia).
Malaysian property market remained buoyant in 2007. The
overall market strengthened with increases in both transaction
volume and value, improved sales performance for newly
launched housing units and reduced numbers of property
overhang. However, property and construction activities
moderated with increase in newly completed units but decrease
in the commencement of new construction and building plan
approvals ( Source: Property Market Report 2007, Ministry of
Finance Malaysia).
Pasaran hartanah Malaysia kekal aktif pada 2007. Pasaran
keseluruhan menjadi lebih teguh dengan peningkatan
dalam bilangan dan nilai pindahmilik, prestasi jualan unit-unit
perumahan yang baru dilancarkan dan pengurangan lebihan
jumlah hartanah. Bagaimanapun, terdapat penyederhanaan
dalam aktiviti hartanah dan pembinaan dengan peningkatan
unit-unit yang baru siap serta penurunan perlaksanaan baru
pembinaan dan kelulusan pelan bangunan (Sumber: Laporan
Pasaran Hartanah 2007,Kementerian Kewangan Malaysia).
23
Dear Shareholders,
Perutusan pengerusi
During the year under review, Pahang State’s property
Pada tahun yang ditinjau, prestasi hartanah Negeri Pahang
performance showed improvement from the previous year,
menunjukkan kemajuan berbanding tahun lepas, mencatatkan
recording an increase in total volume and transactions by 7.6%
peningkatan dalam jumlah bilangan dan nilai pindahmilik
and 13.1% respectively to register 14,012 transactions worth
7.6% dan 13.1% masing-masing untuk mencatat 14,012
RM2.09 billion with residential sub-sector dominating 50.5% of
pindahmilik bernilai RM2.09 bilion dengan sub sektor kediaman
the market share (Source: Property Market Report 2007). The
mendominasi 50.5% bahagian pasaran (Sumber: Laporan
prices of residential property in the State were on upward trends
Pasaran Hartanah 2007). Harga hartanah kediaman di Negeri
and varied depending on the locations and types.
berada di aliran menaik dan berbeza-beza bergantung kepada
lokasi dan jenis.
Positive inflows were observed in the residential sub-sector
due to the implementation of several Government initiatives,
Aliran masuk positif dapat dilihat dalam sub sektor kediaman hasil
which began since December 2006. Policies introduced
daripada pelaksanaan beberapa inisiatif kerajaan, yang telah
during the year under review included the liberalization of the
bermula sejak Disember 2006. Polisi yang diperkenalkan pada
Foreign Investment Committee ruling on foreign ownership of
tahun yang ditinjau termasuk liberalisasi terhadap peraturan
homes, the exemption from Property Gains Tax and relaxation
Jawatankuasa Pelaburan Asing mengenai pemilikan asing
on the number of residential or commercial property loans
bagi hartanah kediaman, pengecualian Cukai Keuntungan
that foreigners can obtain. These policies have been proven
Hartanah
successful through findings from the Real Estate and Housing
kediaman dan komersil yang boleh diperoleh oleh orang asing.
Developers Association (REHDA). The REHDA findings indicated,
Polisi ini terbukti berjaya melalui hasil kajian Persatuan Pemaju
inter alia, that foreign investment in the residential sector rose
Hartanah dan Perumahan Malaysia (REHDA). Hasil kajian REHDA
30% in the first half of 2007.
ini menunjukkan, antara lain, bahawa pelaburan asing dalam
dan
kelonggaran
jumlah
pinjaman
hartanah
sektor kediaman meningkat 30% pada pertengahan 2007.
24
Perutusan pengerusi
PRESTASI KEWANGAN
I am pleased to announce that the Group has recorded
commendable results for the year ended 31 December 2007.
The Group recorded a turnover of RM107.2 million, an increase
of 1.5% as compared to the preceding year (2006: RM105.7
million).
Saya dengan sukacitanya mengumumkan bahawa Kumpulan
telah mencatat hasil yang memberangsangkan bagi tahun
berakhir 31 Disember 2007. Kumpulan telah mencatat perolehan
sebanyak RM107.2 juta, meningkat 1.5% berbanding tahun
sebelumnya (2006: RM105.7 juta).
The Group recorded a substantially higher profit for the year of
RM26.4 million as compared to last year’s profit of RM1.25 million.
Higher profit for the year was attributed to the development of
Putra Square in Transit Quarters, Kuantan and the gain arising
from the exchange of rights by the bondholders of the Rainbow
Exchangeable Bonds.
Kumpulan mencatat keuntungan yang lebih tinggi untuk
tahun ini sebanyak RM26.4 juta berbanding tahun lepas
sebanyak RM1.25 juta. Keuntungan yang lebih tinggi adalah
hasil daripada pembangunan Putra Square di Transit Quarters,
Kuantan dan keuntungan daripada pertukaran hak oleh
pemegang-pemegang bon Rainbow Exchangeable Bonds.
Earnings per ordinary share increased to 15.34 sen from 0.55
sen the previous year.
Pendapatan bagi sesaham biasa meningkat 15.34 sen dari
0.55 sen dalam tahun sebelumnya.
The Board of Directors is pleased to recommend a first and final
dividend of 2 sen per share less Malaysian tax in respect of
financial year 2007 for shareholders’ approval at the forthcoming
Annual General Meeting.
Lembaga Pengarah dengan sukacitanya mengesyorkan dividen
awal dan akhir 2 sen sesaham ditolak cukai Malaysia bagi
tahun kewangan 2007 untuk kelulusan pemegang-pemegang
saham di Mesyuarat Agung Tahunan yang akan datang.
CORPORATE DEVELOPMENT
PERKEMBANGAN KORPORAT
The year under review saw a continuation of the corporate
strategies conceived in 2006. During the year, the Company
subscribed to 70% equity interest in Bentong Aquarium &
Sanctuary Park Sdn Bhd (BASP) as agreed in the Joint Venture
Agreement dated 28 January 2006. The balance of the equity
interest in BASP is held by AWP Aquarium & Park Sdn. Bhd. This
partnership received further impetus following the approval of
115.2 acres of land at Bukit Tinggi, Bentong Pahang by the State
Government of Pahang for development into an aquarium
and sanctuary park to be known as the Bentong Aquarium &
Sanctuary Park.
Tahun yang ditinjau meyaksikan kesinambungan strategi korporat
2006. Pada tahun ini, Syarikat telah melanggan sebanyak 70%
kepentingan ekuiti dalam Bentong Aquarium & Sanctuary Park
Sdn. Bhd. (BASP) seperti yang dipersetujui dalam Perjanjian
Usahasama bertarikh 28 Januari 2006. Baki kepentingan ekuiti
dalam BASP dipegang oleh AWP Aquarium & Park Sdn. Bhd.
Kelulusan tanah seluas 115.2 ekar di Bukit Tinggi Bentong oleh
Kerajaan Negeri Pahang telah mendorong perlaksanaan projek
Usahasama ini yang mana tanah tersebut akan dibangunkan
dengan pembangunan akuarium dan taman ‘Sanctuary’ yang
akan dikenali dengan Bentong Aquarium & Sanctuary Park.
25
FINANCIAL PERFORMANCE
Perutusan pengerusi
26
In connection with our corporate issuance of RM150 million
Rainbow Exchangeable Bonds (REBs), the entire RM15.0 million
of Series 1 and RM59.0 million of Series 2 of the REBs have been
redeemed/exchanged by the bondholders todate. As of 31
December 2007, the Group recognised a profit of RM32.36
million from the exchange of REBs into shares.
Berhubung dengan terbitan korporat RM150 juta Rainbow
Exchangeable Bonds (REBs), sehingga kini keseluruhan RM15.0
juta dari Siri 1 dan RM59.0 juta dari Siri 2 REBs telah ditebus/ditukar
oleh pemegang-pemegang bon. Sehingga 31 Disember 2007,
Kumpulan telah mencatatkan keuntungan RM32.36 juta ekoran
pertukaran REBs kepada saham.
In line with the Group’s internal restructuring strategies, whereby
non-property and property related businesses are clearly
separated, the Group proceeded to place non-property related
companies under Mutiara Pasdec Sdn. Bhd. Consequently,
shareholding in Pahang Aircraft Industries Sdn. Bhd. was
transferred from PASDEC to Mutiara Pasdec Sdn. Bhd.
Sejajar dengan strategi penstrukturan semula kumpulan, di
mana pengasingan dibuat antara perniagaan hartanah dan
bukan hartanah, Kumpulan telah menstrukturkan syarikat yang
bukan berkaitan hartanah di bawah Mutiara Pasdec Sdn. Bhd.
Sehubungan dengan itu, pegangan saham dalam Pahang
Aircraft Industries Sdn. Bhd. telah dipindahkan dari PASDEC ke
Mutiara Pasdec Sdn. Bhd.
Pasdec Trading Sdn. Bhd. has recently been established to take
over the businesses of trading of construction materials and
provision of insurance services from Pasdec Bina Sdn. Bhd. and
placed under Mutiara Pasdec Sdn. Bhd.
Pasdec Trading Sdn. Bhd. yang baru sahaja ditubuhkan untuk
mengambil alih perniagaan bahan binaan dan perkhidmatan
perlindungan insurans daripada Pasdec Bina Sdn. Bhd. telah
diletakkan di bawah Mutiara Pasdec Sdn. Bhd.
In December 2007, Pasdec Corporation Sdn. Bhd. entered
into a conditional Sale and Purchase Agreement with Mentiga
Corporation Berhad for the acquisition of a piece of land
measuring 28.98 acres at Mukim Kuala Kuantan, Kuantan,
Pahang for a total consideration of RM9.86 million.
Pada bulan Disember 2007, Pasdec Corporation Sdn. Bhd. telah
menandatangani Perjanjian Jual Beli bersyarat dengan Mentiga
Corporation Berhad bagi pemerolehan sebidang tanah seluas
28.98 ekar di Mukim Kuala Kuantan, Kuantan, Pahang dengan
harga sejumlah RM9.86 juta.
REVIEW OF OPERATIONS
TINJAUAN OPERASI
The Group, although diversified in interests, remains firmly
committed to its core strengths in property related activities,
namely
property
development,
construction,
project
management, manufacturing of bricks, trading of building
materials and management of resorts and buildings.
Walaupun cenderung kearah mempelbagaikan aktiviti
perniagaan syarikat, Kumpulan terus komited dan memberikan
tumpuan terhadap perniagaan teras dalam aktiviti berkaitan
hartanah, iaitu pembangunan hartanah, pembinaan,
pengurusan projek, pembuatan batu bata, perniagaan bahan
binaan dan pengurusan resort dan bangunan.
For the year under review, a total of 957 units of residential and
commercial properties were offered for sale in development
projects under Astana Villa, Pasdec Damansara, Bandar Putra,
Baluk Perdana, Baluk Permai, Chendur Utama, Semambu Baru,
Rompin Permai and Raub Perdana, all located in Pahang.
The entire value of the properties amounts to approximately
RM104.0 million.
Dalam tahun tinjauan, sejumlah 957 unit hartanah kediaman
dan komersil telah ditawarkan untuk jualan di projek Astana
Villa, Pasdec Damansara, Bandar Putra, Baluk Perdana, Baluk
Permai, Chendur Utama, Semambu Baru, Rompin Permai dan
Raub Perdana, semuanya terletak di Pahang. Keseluruhan nilai
hartanah dianggarkan berjumlah RM104.0 juta.
Perutusan pengerusi
With the completion of the upgrading of Kuantan/Kemaman Bypass into a dual-carriage way, buyers take a mere 10 minutes
drive directly to the town centre via this bypass and can now
expect an appreciation in capital value of their property. As an
added value, PASDEC will spend approximately RM8.0 million to
build an elevated slipway across Kuantan/Kemaman By-pass to
facilitate the access to the project.
BANDAR PUTRA
The construction of this mixed development project began in
March 2007. It was officially launched on 21 February 2008.
Phase 1 of the 417-acre freehold development which features
an integrated mix of residential, commercial and recreational
components comprises modern single and double-storey semidetached and linked houses in over 38 stylish designs. Since its
recent launch, the products of Phase 1 received overwhelming
response from the buyers.
The Group is confident that Bandar Putra Kuantan will be wellreceived for its innovative concept which focuses on providing
quality living within a conducive living environment for its
residents; with a natural green lung incorporated throughout
the development surrounded by tropical Zen landscapes, good
streetscapes and a community centre.
PASDEC DAMANSARA
Terletak di tanah pegangan bebas 535 ekar, pembangunan
Fasa 1 Pasdec Damansara merangkumi 187 unit rumah teres 2tingkat dan 1 ½-tingkat rumah teres. Ianya adalah pembangunan
kawasan berasaskan konsep “Kehidupan dalam Taman”.
Setiap kawasan pembangunan akan di kelilingi zon hijau yang
dirangkaikan secara linear dengan Taman Tasik seluas 35 ekar.
Penduduk Fasa 1 akan menikmati pandangan indah semasa
memandu pulang melalui jalan dua hala yang dibarisi pokok dan
juga taman mainan kanak-kanak yang luas, dilanskap sepenuhnya
dan dilengkapkan dengan laluan pejalan kaki berturap dan
tempat berteduh. Sehingga kini, 95 % pembangunan di Fasa 1
sudah siap dibina, dengan 65% daripada rumah teres dua tingkat
dan 50% rumah teres 1 ½-tingkat telah dijual.
Dengan siapnya penaiktarafan Jalan Pintas Kuantan/Kemaman
menjadi dua hala, tempoh perjalanan pembeli ke pusat bandar
melalui jalan pintas ini hanya memakan masa 10 minit dan
nilai hartanah yang dibeli dijangka meningkat. Sebagai nilai
tambahan, PASDEC akan membelanjakan kira-kira RM8.0 juta
untuk membina landasan bertingkat merintangi Jalan pintas
Kuantan/Kemaman untuk memudahkan akses kepada projek.
BANDAR PUTRA
Pembinaan projek pembangunan bercampur ini telah
dimulakan pada Mac 2007. Bandar Putra telah dilancarkan
dengan rasmi pada 21 Februari 2008. Fasa 1 pembangunan di
atas tanah hak milik bebas seluas 417-ekar yang menampilkan
campuran komponen kediaman, komersil dan rekreasi ini terdiri
daripada rumah berkembar dan rumah berangkai satu tingkat
dan dua tingkat moden dalam lebih 38 reka bentuk menarik.
Sejak ia dilancarkan, produk-produk yang ditawarkan Fasa
1 memperoleh sambutan yang amat memberangsangkan
daripada pembeli.
Kumpulan yakin bahawa Bandar Putra Kuantan akan diterima
dengan baik oleh pembeli kerana konsepnya yang innovatif
yang memberi fokus kepada penyediaan kehidupan berkualiti
dengan persekitaran yang sesuai untuk penduduknya; dengan
kawasan hijau yang diterapkan di keseluruhan pembangunan
bercirikan lanskap Zen tropikal, lanskap jalan dan pusat
komuniti.
27
PASDEC DAMANSARA
Situated on 535 acres of freehold land, the first phase of Pasdec
Damansara comprises 187 units of 2-storey and 1 ½-storey
linked houses. It is a precincted development based on the
concept of “Home in a park”. Each precinct is surrounded by a
green zone and linearly linked to a 35 acres Lake Park. Phase 1
residents will be able to enjoy a scenic drive home on a treelined dual-carriage road as well as a big children playground,
fully landscaped and equipped with paved walkway and shelter.
At present, phase 1 is 95% completed, with 65% of the 2-storey
linked houses and 50% of the 1 ½-storey linked houses sold.
Perutusan pengerusi
Construction of a new dual-carriageway just beside the
development further boosts ease of travel to the township with
strategic links to the town administration centre, beaches and
even the Kuantan airport.
BALUK PERDANA (BANDAR GEBENG)
Baluk Perdana, which is now at its third phase of development,
was developed under an environmentally friendly concept of
‘community living amidst nature’. Currently, 700 residents have
made Baluk Perdana their home. Within this development, the
Group set aside land for development of housing for the Royal
Navy Force of Markas Wilayah 1 Kuantan. The Taman Samudera
project, which was handed over to the Royal Navy at an official
ceremony attended by the Deputy Prime Minister and Defence
Minister, YAB Dato’ Sri Mohd Najib Tun Razak in May 2007,
comprises 365 units of houses equipped with amenities and
recreational facilities.
Baluk Perdana, once fully developed, shall comprise 1,890
residential and commercial units.
28
PUTRA SQUARE
On the commercial front, Putra Square, a tripartite joint venture
between Pasdec Corporation Sdn. Bhd., Jasa Imani Sdn. Bhd.
and PFAS Corporation Sdn. Bhd., is progressing well with the
construction of the second phase of development comprising
of a shopping complex and an office tower. The soft launch of
the project was held in April 2008. This exciting development will
be the first multimedia super corridor in the East Coast.
Pembinaan jalan dua hala yang baru bersebelahan dengan
pembangunan ini akan memudahkan perjalanan ke pusat
bandar, pantai dan juga lapangan terbang Kuantan.
BALUK PERDANA (BANDAR GEBENG)
Baluk Perdana, yang sedang diperingkat Fasa 3, dibangunkan
bawah konsep mesra alam dengan ‘Kehidupan komuniti
dalam persekitaran semula jadi’. Sehingga kini, 700 penduduk
telah mendiami Baluk Perdana. Pembangunan di projek ini juga
merangkumi pembinaan kediaman bagi Tentera Laut Diraja
Malaysia(TLDM), Markas Wilayah 1 Kuantan. Projek kediaman
anggota tentera TLDM yang dikenali sebagai Taman Samudera
ini telah diserahkan kepada pihak TLDM pada satu majlis yang
dihadiri oleh Timbalan Perdana Menteri merangkap Menteri
Pertahanan, YAB Dato’ Sri Mohd Najib Tun Razak pada bulan Mei
2007, terdiri daripada 365 unit rumah yang dilengkapi dengan
pelbagai kemudahan dan rekreasi.
Apabila siap dibangunkan kelak, Baluk Perdana, akan didiami
dengan 1,890 unit kediaman dan komersil.
PUTRA SQUARE
Bagi pembangunan komersial, pembinaan Putra Square, satu
Usahasama tiga pihak di antara Pasdec Corporation Sdn. Bhd.,
Jasa Imani Sdn. Bhd. dan PFAS Corporation Sdn. Bhd., sedang
berjalan lancar dengan Fasa 2 pembangunan yang terdiri
daripada kompleks membeli-belah dan menara pejabat.
Pembukaan tidak rasmi kompleks perniagaan telah dibuat pada
April 2008. Pembangunan yang mengujakan ini akan menjadi
koridor raya multimedia yang pertama di Pantai Timur.
Perutusan pengerusi
CORPORATE SOCIAL RESPONSIBILITY
TANGGUNGJAWAB SOSIAL KORPORAT
The Group firmly believes in striking a balance between
profitability and our contributions to the community, staff and
the environment that surrounds us. Even as we stride ahead, we
are mindful that we are in the business of creating value and
opportunity for all. We are also mindful about the sustainability
of the environment and its need for replenishment, nourishment
and preservation. It is this belief that underlies our every move,
forms our strategies and motivates us for the future. It is when the
people, the environment and the community are in harmony
that we can truly embrace the world with an easy conscience
and positive step forward.
Kumpulan percaya kepada perlunya ada keseimbangan antara
keuntungan dan sumbangan kepada masyarakat, warga
kerja dan persekitaran. Dalam melangkah ke hadapan, kami
menyedari bahawa kami berkecimpung dalam perniagaan
yang memberikan hasil dan peluang untuk semua. Kami juga
menyedari tentang pemuliharaan alam sekitar serta keperluan
dalam perkitaran semula, penambahbaikan dan pemeliharaan
alam semulajadi. Kesedaran inilah yang mengatur setiap
langkah kami, membentuk strategi dan memotivasi kami untuk
kepentingan masa depan. Hanya dengan keharmonian di
antara manusia, alam sekitar dan masyarakat membolehkan
kita mendakap dunia dengan hati nurani yang tenang dan
melangkah dengan positif ke hadapan.
During the year under review, the Management was particularly
sensitive and aware of the rising cost of living. Hence, a salary
revision in line with increasing costs was implemented to ease
the burden of all staff.
The Group ensures an environment of continual learning and
progression and this is reflected in our job rotation policies. This
policy allows our employees to meet new challenges to ensure
faster growth potential and job enrichment.
Introduction of Key Performance Indicators (KPI) into our
performance appraisal system allowed for a more standardized
and effective method of evaluating performance, where
excellence is rewarded and incentives are placed to encourage
continual drive and motivation.
ASET UTAMA KAMI: WARGA KERJA KAMI
Kumpulan
menerapkan
nilai
kejujuran,
kepimpinan,
kepercayaan dan kecemerlangan kepada setiap warga kerja
kami. Nilai ini dicerminkan melalui pelbagai strategi, polisi dan
amalan budaya korporat yang berterusan.
Pada tahun yang ditinjau, pihak Pengurusan sedar dan peka
tentang peningkatan kos sara hidup. Sehubungan dengan itu,
semakan semula gaji sejajar dengan peningkatan kos telah
dilaksanakan untuk mengurangkan bebanan semua warga
kerja.
Kumpulan sentiasa memastikan suasana persekitaran kerja
dengan proses pembelajaran yang berterusan bagi warga
kerja yang dicerminkan melalui polisi ‘pengiliran’ kerja. Polisi
ini memberi peluang kepada warga kerja kami menghadapi
cabaran baru, meningkatkan potensi dan memantapkan mutu
kerja.
Applikasi Kunci Petunjuk Prestasi(KPI) dalam sistem penilaian
prestasi telah menjadikan proses penilaian dibuat dengan
lebih objektif dan effektif, di mana ganjaran dan insentif
diberikan sejajar dengan kecemerlangan demi menggalakkan
peningkatan prestasi dan motivasi berterusan.
29
OUR GREATEST ASSET: OUR PEOPLE
The Group instils the fundamental values of trust, leadership,
empowerment and excellence to each of our staff. These values
are reflected in various strategies, policies and flow through our
corporate culture.
Perutusan pengerusi
THE ENVIRONMENT
As a responsible developer, the Group is very much concerned
about the ill effects of an unstable environment. In each of
our projects, there is always an awareness of preservation,
environmental rehabilitation and blending the projects to the
environment.
ALAM SEKITAR
Sebagai pemaju yang bertanggungjawab, Kumpulan amat
prihatin dengan kesan buruk terhadap keadaan alam sekitar
yang tidak seimbang. Di setiap projek kami, kesedaran
tentang pemeliharaan, pemulihan alam semulajadi serta
keseimbangan pembangunan projek dengan alam sekitar.
Our ‘green’ policy is evidenced through our Pasdec Damansara,
Bandar Putra, Baluk Perdana and Pasdec Perdana projects.
Each township is carefully planned to include an abundance of
green zones – areas which bring you close to nature and have
minimal man-made influences.
Polisi ‘hijau’ kami dipraktikan dalam perlaksanaan projek-projek
di Pasdec Damansara, Bandar Putra, Baluk Perdana dan Pasdec
Pesona. Setiap perbandaran dirancang dengan pengisian zon
hijau yang luas – dengan kawasan yang dikelilingi alam semula
jadi serta pengaruh buatan manusia yang minima.
One of our projects adopts a honey-comb concept, where the
development will incorporate elements such as thermal comfort
designed homes to reduce the need for air-conditioning, waste
management systems incorporated under sink grinders in the
kitchen to dispose off organic matters and community based
collection of recyclable refuse.
The Group collaborates closely with the Department of Irrigation
to ensure that our projects do not contribute to environmental
degradation.
Salah satu daripada projek kami menggunapakai konsep’sarang
lebah’, di mana pembangunan menampilkan elemen
seperti rumah yang direka bentuk dengan keselesaan termal
untuk mengurangkan keperluan penghawa dingin, sistem
pembuangan sisa yang diletakkan di bawah pengisar sink
di dapur untuk membuang bahan organik dan pengutipan
sampah komuniti yang boleh dikitar semula.
Kumpulan sentiasa bekerjasama rapat dengan Jabatan
Perparitan dan Saliran untuk memastikan semua projek kami
tidak menyumbang kepada pencemaran alam sekitar.
BEKERJA UNTUK KOMUNITI
Kumpulan mengamalkan kedermawanan korporat yang
memanfaatkan kebajikan dan menguntungkan masyarakat
keseluruhannya.
WORKING FOR THE COMMUNITY
The Group practises corporate philanthropy in a way that
benefits the welfare and enriches the community as a whole.
30
Pada tahun yang ditinjau, Kumpulan telah memberi sumbangan
kepada mangsa-mangsa yang terjejas dalam banjir tahun
2007 di Pekan, Pahang. Selain bantuan kewangan, Kumpulan
juga memberi sumbangan dengan mengedar makanan dan
bahan-bahan penting seperti beras, minyak masak, roti, telur dan
lampin bayi. Selain daripada itu, Kumpulan telah mengumpul
30 orang daripada warga kerjanya untuk memberi bantuan di
kawasan terlibat dan memastikan mangsa mendapat manfaat
daripada pelbagai sumbangan yang telah dibuat.
During the year under review, the Group made contributions
to the victims affected by the 2007 flood in Pekan, Pahang.
Besides monetary donation, the Group dispersed food and
essential items such as rice, cooking oil, bread, eggs and
diapers. Furthermore, the Group mobilized 30 staff to provide
hands-on assistance and to ensure that victims benefited from
the various contributions made.
Pada Disember 2007, Kumpulan telah bekerjasama dengan
persatuan kanak-kanak terencat akal untuk menganjurkan
Karnival Jualan Pasdec. Persatuan ini menyediakan penjagaan
dan keperluan kebajikan kepada kanak-kanak terencat akal
dalam menjalani kehidupan. Aktiviti yang dijalankan bukan
sahaja untuk kanak-kanak, tetapi juga melibatkan aktiviti derma
darah daripada orang awam. Sebahagian hasil kutipan telah
didermakan kepada 10 organisasi amal.
In December 2007, the Group collaborated with an association
for mentally retarded children to organise a Sales Carnival. The
Association cares for and guides the mentally retarded children
through the necessary steps of life. The event encompassed
not only games and activities for the children, but also blood
donation from the public. Proceeds from the event were
distributed across 10 charitable organizations.
Dalam menyokong perkembangan sukan negeri, Kumpulan
telah menjadi penaja Pertandingan Bola Sepak Piala Veteran
Pasdec. Acara tahunan ini dianjurkan bersama Pasdec dan
Persatuan Bola Sepak Pahang.
Perutusan pengerusi
In support for the development of sports within the region, the
Group became the sponsor of the Pasdec Veterans Cup Football
Tournament. This yearly event is co-organised by Pasdec and
the Football Association of Pahang.
Menuju kehadapan, Kumpulan merancang untuk memulakan
penubuhan persatuan penduduk dalam projek pembangunan
yang dilaksanakan untuk meningkatkan interaksi komuniti dan
perangkaian kawasan kejiranan.
Moving forward, the Group plans to initiate the formation of
residents’ association within its development projects to enhance
community interaction and neighbourhood networking.
MENINJAU MASA HADAPAN
The year to come will be a mixed bag of challenges and
increased competition for an ever-shrinking ‘piece of pie’. The
Group has undertaken effective strategic planning and has
positioned itself to weather these challenges.
At the onset, the Malaysian economy thus far has been
somewhat resilient to the sub-prime crisis affecting most parts
of the world. Indications are that the Malaysian economy in the
year to come will still remain favourable, with growth expected
between 5 to 6%.
Record high oil prices will have a significant effect on the
overall cost of living, affecting particularly the middle to lower
income groups. The trend towards a rise in building material
costs will subsequently increase the cost of construction, thus
putting pressure on purchaser affordability vis-à-vis the price of
properties.
Setakat ini, ekonomi Malaysia menunjukkan daya tahan dalam
menghadapi krisis sub prima yang menjejaskan kebanyakan
negara dunia. Petunjuk membayangkan ekonomi Malaysia
untuk tahun yang akan datang tetap menggalakkan, dengan
jangkaan pertumbuhan di antara 5-6%.
Kenaikan harga minyak yang telah mencatat rekod tertinggi
dijangka akan memberi kesan signifikan kepada kos sara hidup,
menjejaskan terutamanya kumpulan pendapatan pertengahan
dan rendah. Aliran ke arah peningkatan kos bahan-bahan
pembinaan akan seterusnya meningkatkan kos pembinaan,
dan memberikan kesan terhadap kemampuan membeli
dalam hubungannya dengan harga hartanah kediaman.
31
LOOKING AHEAD
Tahun hadapan dijangka menyaksikan pelbagai cabaran
dan peningkatan persaingan dalam ‘pembahagian pai’ yang
semakin mengecil. Kumpulan telah membuat perancangan
strategik yang teliti dan bersiap sedia dalam menghadapi
segala cabaran mendatang.
Perutusan pengerusi
Furthermore, a shortage of skilled labour and over dependency
on migrant workers presents further cost challenges for the
industry as a whole.
Kekurangan tenaga kerja mahir dan kebergantungan berlebihan
kepada pekerja asing telah memberikan lebih cabaran dengan
peningkatan kos kepada industri secara keseluruhannya.
However, the Group applauds the decision by the Federal
Government to allow the use of savings in the Employees
Provident Fund for monthly repayments of housing loans. The
Group predicts that the effects of this scheme have already
begun to filter into the market. In addition, the Government’s
revised policy in reducing the stamp duty by 50% on houses
worth RM250,000 or less will go far in spurring the residential
property market.
Walau bagaimanapun, Kumpulan memuji keputusan Kerajaan
Pusat membenarkan penyimpan menggunapakai simpanan
dalam Kumpulan Wang Simpanan Pekerja untuk melunaskan
ansuran bulanan pinjaman perumahan mereka. Adalah
dijangkakan skim ini akan beransur-ansur beri kesan kepada
pertumbuhan pasaran. Tambahan pula, polisi Kerajaan yang
telah disemak semula dengan pengurangan duti setem
sebanyak 50% untuk rumah bernilai RM250,000 atau kurang,
akan menggalakkan pasaran hartanah kediaman.
Encouragingly, the positive market sentiment for the Pahang
property market is a reflection of the Eastern Corridor Economic
Region (ECER) Masterplan. The Masterplan will benefit not only
the residential and industrial sectors, but also the agricultural
and tourism sectors, thus spurring increased economic activity
in the region.
The Group has strategically moved into non-property related
businesses to reduce our reliance on property development.
The Group views areas such as manufacturing-based industries,
services and oil and gas industry with much anticipation.
32
Paling menggalakkan ialah Pelan Induk Wilayah Pembangunan
Ekonomi Koridor Pantai Timur (ECER), yang telah membayangkan
sentimen pasaran yang positif untuk pasaran hartanah
Pahang. Pelaksanaan Pelan Induk ini kelak, bukan sahaja akan
memanfaatkan sektor kediaman dan industri, tetapi juga
sektor pertanian dan pelancongan, sekaligus menggalakkan
penambahan kegiatan ekonomi di Wilayah ini.
Kumpulan telah bergerak secara strategik ke arah menceburi
perniagaan yang bukan berkaitan dengan hartanah untuk
mengurangkan
kebergantungan
pada
pembangunan
hartanah. Kumpulan sedang mempertimbangkan penerokaan
dalam bidang seperti industri berasaskan pembuatan,
perkhidmatan dan industri gas dan minyak dengan penuh
pengharapan.
Perutusan pengerusi
ACKNOWLEDGEMENT
PENGHARGAAN
On behalf of the Board of Directors, I wish to express my sincere
appreciation to our customers, shareholders, business partners
and government authorities. Your contribution, trust, wisdom
and confidence over the past 10 years guide our strength and
ensure our continued growth.
Bagi pihak Lembaga Pengarah, saya ingin merakamkan
penghargaan ikhlas saya kepada pelanggan, pemegang
saham, rakan niaga kami dan jabatan-jabatan Kerajaan.
Sumbangan, kepercayaan, kearifan dan keyakinan anda
sepanjang 10 tahun yang lepas memandu kekuatan kami dan
memastikan pertumbuhan kami secara berterusan.
I would like to express my gratitude to my fellow Directors for
their invaluable views, insights and support. I must thank the
State EXCO members and the State Government of Pahang for
the uncompromising and continued support of PASDEC.
Finally, to all staff, your commitment and dedication to the
Group is admirable and provides the impetus for sustained
success and excellence.
Thank You.
Saya ingin merakamkan penghargaan kepada rakan-rakan
Pengarah atas pandangan, pendapat dan sokongan mereka.
Saya mesti berterima kasih kepada barisan Ahli-Ahli Majlis
Mesyuarat Kerajaan Negeri Pahang dan Kerajaan Negeri
Pahang atas sokongan yang tidak berbelah bahagi dan
berterusan kepada PASDEC.
Akhir kata, kepada semua kakitangan, komitmen dan dedikasi
anda kepada Kumpulan mengkagumkan dan menjadi
penggerak kepada kejayaan dan kegemilangan berterusan.
33
Chairman
Pasdec Holdings Berhad
21 May 2008
Pengerusi
Pasdec Holdings Berhad
21 Mei 2008
Terima Kasih.
... to spread
our wings to
greater heights
34
35
The Board of Directors of Pasdec Holdings Berhad recognizes
the importance of practicing good corporate governance as
a fundamental part of discharging its responsibilities to protect
and enhance shareholders’ value.
Lembaga Pengarah Pasdec Holdings Berhad memperakui
kepentingan tadbir urus korporat yang baik sebagai sebahagian
asas penting dalam tanggungjawab untuk memelihara dan
melindungi kepentingan para pemegang saham.
The Board is pleased to disclose to shareholders on the manner
the Group has applied the principles of good corporate
governance and extent of compliance with the best practices
as set out in the Malaysian Code of Corporate Governance
Revised 2007 (“Code”), during the year ended 31 December
2007.
Lembaga Pengarah dengan sukacitanya memaklumkan
kepada para pemegang saham bahawa Kumpulan Pasdec
telah menggunapakai prinsip-prinsip tadbir urus korporat
yang baik sepertimana terkandung dalam Kod Tadbir Urus
Korporat Malaysia 2007. (“Kod”), sepanjang tempoh berakhir
31 Disember 2007.
THE BOARD OF DIRECTORS
LEMBAGA PENGARAH
Composition of the Board
Komposisi Pengarah
The Board currently has ten (10) members comprising of a
Non-Executive Chairman, a Non-Executive Deputy Chairman,
a Managing Director, three (3) Independent Non-Executive
Directors and four (4) Non-Independent Non-Executive
Directors
Ahli Lembaga Pengarah merangkumi sepuluh (10) orang
anggota yang terdiri daripada seorang Pengerusi Bukan
Eksekutif, seorang Timbalan Pengerusi Bukan Eksekutif, seorang
Pengarah Urusan, tiga (3) orang Pengarah Bebas Bukan Eksekutif
dan empat (4) orang Pengarah Bukan Bebas Bukan Eksekutif.
The Board’s composition represents a mix of knowledge, skills
and expertise relevant to the Company’s operations to provide
strong and effective leadership and control of the Group. The
profile of each Director is set out on pages 10 to 19 of this
Annual Report.
Ahli-ahli Lembaga Pengarah adalah gabungan dari
pengalaman pengurusan perniagaan dan kewangan yang
luas, serta berkepakaran dan berpandangan bernas dalam
perbincangan dan proses membuat keputusan Lembaga. Profil
setiap Pengarah dimuatkan di dalam muka surat 10 hingga 19
dalam Laporan Tahunan ini.
The Non-Executive Directors, all of whom are respected business
leaders in their own right, play an important role in the Board’s
decisions, and provide unbiased and independent views,
advice and judgment in the decision making process.
The roles of the Chairman and the Managing Director are
distinct and each has clearly defined responsibilities to ensure
a balance of power and authority. The Chairman is primarily
responsible for ensuring orderly conduct and effectiveness
of the Board whilst the Managing Director, being the only
Executive Director, has the principal responsibility of reporting,
clarifying and communication matters relating to the day-today operations of the Company to the Board.
Board Responsibility
36
The Board of Directors is responsible for planning the strategic
direction of the Group, the allocation of resources, the continuous
review of the Group’s business operations and performance,
the monitoring, implementation and review of appropriate
processes and internal controls to manage business risk, and
generally, for ensuring that the Company is being managed
and its business conducted in accordance with high standards
of accountability and transparency.
Para Pengarah Bukan Eksekutif, yang semuanya terdiri daripada
ahli-ahli yang dihormati dalam bidang masing-masing,
memainkan peranan penting dalam keputusan Lembaga.
Para Pengarah Bebas menyediakan pandangan, nasihat
dan pertimbangan bebas yang tidak berpihak dalam proses
membuat keputusan.
Peranan Pengerusi dan Pengarah Urusan adalah ketara
berbeza dan setiapnya mempunyai tanggungjawab jelas
bagi memastikan keseimbangan kuasa dan kewibawaan.
Tanggungjawab utama Pengerusi adalah untuk memastikan
pengendalian rapi dan keberkesanan Lembaga manakala
Pengarah Urusan, yang merupakan satu-satunya Pengarah
Eksekutif, mempunyai tanggungjawab utama untuk
melaporkan, menjelaskan dan menyampaikan perkaraperkara berkaitan operasi harian Syarikat kepada Lembaga.
Tanggungjawab Lembaga Pengarah
Lembaga Pengarah bertanggungjawab ke atas arah
perancangan strategik Syarikat dan Kumpulan secara
menyeluruh yang menjurus kepada pencapaian wawasan,
misi dan prestasi tinggi Syarikat. Lembaga Pengarah bertindak
memastikan Syarikat dan Kumpulan diuruskan selaras dengan
kawalan dalaman yang baik serta prosidur sistematik yang telah
ditetapkan mengikut standard ketelusan pengurusan syarikat
yang tinggi.
Board Meetings
Mesyuarat Lembaga Pengarah
The Board meets at least five (5) times a year. Additional
meetings are convened when necessary. During the financial
year ended 31 December 2007, there were seven (7) Board
meetings held. The attendance of each Director at the Board
meeting are as follows:-
Lembaga hendaklah bermesyuarat sekurang-kurangnya
lima (5) kali setahun dengan mesyuarat tambahan diadakan
mengikut keperluan. Sepanjang tahun kewangan berakhir 31
Disember 2007, sejumlah tujuh (7) mesyuarat telah diadakan
dan kehadiran setiap Pengarah ke Mesyuarat Lembaga adalah
seperti di bawah:-
Director No. of Meetings Attended
7/7
6/7
7/7
5/7
6/7
6/7
6/7
7/7
5/7
5/7
Supply of Information
The agenda and Board papers are distributed well in advance
of each Board meeting to enable the Directors to fully consider
and appreciate the matters arising for discussion, and to
seek additional information of the same, if necessary. Senior
management staff may also be invited to participate in the
meetings to provide the Board with detailed explanations and
clarifications on issues that are being deliberated.
All the Directors have access to the advice and services of the
Company Secretary and the senior management staff in the
Group. If necessary, the Directors may also seek independent
professional advice to discharge their duties at the Group’s
expense.
Board Committees
The Board has delegated specific responsibilities to other
Board committees, which operate with clearly defined terms
of reference.
(a) Audit Committee
The Audit Committee report detailing its membership, its
terms of reference and activities during the year is set out in
pages 43 to 47 of this Annual Report.
(b) Nomination Committee
The nomination committee comprises of three (3)
Non-Executive Directors, the majority of whom are
Independent:
1.
2.
3.
Dato’ Mohamed Amin bin Haji Daud
(Chairman – Senior Independent, Non-Executive)
Dato’ Sri Khalid bin Mohamad Jiwa
(Independent, Non-Executive)
Dato’ Haji Lias bin Mohd Noor
(Non-Executive)
Pengarah
Yusof Ali bin Haji Mohamed Zain
Dato’ Hamdan bin Jaafar
Dato’ Haji Mohamad Nor bin Ali
Majid bin Mohamed
Abdullah bin A. Rasol
Bilangan Kehadiran
Mesyuarat
7/7
6/7
7/7
5/7
6/7
6/7
6/7
7/7
5/7
5/7
Pembekalan Maklumat
Sebelum mesyuarat diadakan, kertas-kertas mesyuarat
diedarkan lebih awal kepada ahli-ahli Lembaga untuk
membolehkan mereka melaksanakan tanggungjawab mereka
dengan berkesan dan memudahkan keputusan dibuat.
Kakitangan pengurusan kanan sekiranya perlu boleh dijemput
menghadiri mesyuarat jika Lembaga Pengarah memerlukan
penjelasan mengenai sesuatu isu.
Lembaga
mempunyai
akses
sepenuhnya
kepada
pengurusan kanan dan berhak mendapatkan nasihat serta
khidmat Setiausaha Syarikat. Sekiranya perlu, para Pengarah
boleh mendapatkan khidmat profesional bebas dengan
perbelanjaan ditanggung oleh Syarikat.
Jawatankuasa Lembaga Pengarah
Lembaga Pengarah telah mengagihkan tanggungjawabnya
kepada beberapa jawatankuasa, yang mempunyai takrif
bidang kerja serta tanggungjawab yang jelas.
(a) Jawatankuasa Audit
Komposisi, bidang kerja dan aktiviti-aktiviti Jawatankuasa
Audit dibentangkan di muka surat 43 hingga 47 dalam
Laporan Tahunan ini.
(b) Jawatankuasa Pencalonan
Keahlian Jawatankuasa Pencalonan terdiri daripada tiga
(3) Pengarah Bukan Eksekutif, yang mana majoriti terdiri
daripada Pengarah Bebas:
1.
2.
3.
(Pengerusi – Bebas Kanan Bukan Eksekutif)
(Bebas Bukan Eksekutif)
(Bukan Eksekutif)
37
Majid bin Mohamed
The Committee is primarily responsible for the following:-
•To review and recommend new candidates for
appointment to the Board
•To review and recommend appointments to
committees of the Board; and
•To assist the Board in reviewing on an annual basis the
required mix of skills and experience of the Directors of
the Company
(c) Remuneration Committee
The Remuneration Committee comprises of four (4) nonexecutive Directors, one of whom is independent:
1.
2.
3.
4.
(Chairman – Non Executive)
(Senior Independent, Non-Executive)
(Non-Executive)
(Non-Executive)
The Committee is primarily responsible for making
recommendation to the Board on all elements of
remuneration and terms of employment of the Executive
Director, drawing from outside advice if necessary.
(d)Other Committee
In addition to the aforementioned committees, the Board
has also established a Tender Committee.
Re-election of Directors
In accordance with the Company’s Articles of Association, all
Directors who are appointed by the Board during the year are
subject to re-election by shareholders at the following Annual
General Meeting.
38
The Company’s Articles of Association also provide that at least
one-third (1/3) of the Directors including the Managing Director
shall retire from office at each Annual General Meeting. All
Directors shall retire from office once at least in every three (3)
years but shall be eligible for re-election.
Director’s Training
All the Directors have attended the Mandatory Accreditation
Programme conducted by Bursa Malaysia Securities Berhad
(“Bursa Malaysia”). The Board encourages its Directors to attend
seminars, workshops to update their skills and knowledge to
enable them to carry out their roles effectively as director in
discharging their responsibilities towards corporate governance,
operational and regulatory issues.
During the year, the Directors have attended various courses
and seminars to further enhance thier knowledge and skills.
Tanggungjawab Jawatankuasa ini meliputi perkara-perkara
berikut :•Mengkaji dan mencadangkan perlantikan calon-calon
baru ke Lembaga
•Mengkaji dan mengesyorkan kepada Lembaga,
perlantikan bagi mengisi jawatan di dalam
jawatankuasa-jawatankuasa; dan
•Membantu Lembaga membuat penilaian tahunan
terhadap gabungan kemahiran dan pengalaman
para Pengarah Syarikat.
(c) Jawatankuasa Imbuhan
Keahlian jawatankuasa ini terdiri dari empat (4) Pengarah
Bukan Eksekutif, yang mana seorang (1) adalah merupakan
Pengarah Bebas:
1.
2.
3.
4.
(Pengerusi – Bukan Eksekutif)
(Bebas Kanan Bukan Eksekutif)
(Bukan Eksekutif)
(Bukan Eksekutif)
Jawatankuasa
Imbuhan
bertanggungjawab
mengemukakan syor-syor kepada Lembaga berhubung
semua elemen imbuhan dan terma-terma pekerjaan
Pengarah Eksekutif, dan sekiranya perlu, mendapatkan
nasihat dari luar.
(d) Lain-lain Jawatankuasa
Selain dari jawatankuasa-jawatankuasa yang telah
dinyatakan Lembaga juga turut menubuhkan Jawatankuasa
Tender.
Pelantikan Pengarah dan Pemilihan Semula
Selaras dengan Artikel Tataurus Penubuhan Syarikat, semua
Pengarah yang dilantik oleh Lembaga adalah tertakluk
kepada pemilihan semula oleh para pemegang saham pada
Mesyuarat Agung Tahunan.
Sekurang-kurangnya satu pertiga (1/3) daripada bilangan Pengarah
termasuk Pengarah Urusan hendaklah bersara dari perkhidmatan
pada setiap Mesyuarat Agung Tahunan dan tertakluk kepada
pemilihan semula oleh para pemegang saham.
Latihan Berterusan Pengarah
Semua Pengarah telah menghadiri Program Akreditasi Mandatori,
sepertimana disyaratkan oleh Bursa Malaysia Securities Berhad
(“Bursa Malaysia”). Semua Pengarah digalakkan menyertai
latihan dan program profesional tersebut bagi meningkatkan
skil dan pengetahuan mereka dalam menjalankan tugas-tugas
secara lebih berkesan.
Sepanjang tahun kewangan, Para Pengarah telah menghadiri
beberapa kursus dan seminar bagi tujuan peningkatan skil dan
pengetahuan mereka.
DIRECTORS’ REMUNERATION
IMBUHAN PENGARAH
Remuneration of the Executive Director is recommended by the
Remuneration Committee to the Board and is structured to link
rewards to corporate and individual performance.
Imbuhan kepada Pengarah Eksekutif adalah disyorkan oleh
Jawatankuasa Imbuhan kepada Lembaga Pengarah yang
mana dibuat selaras dengan imbuhan prestasi korporat dan
prestasi individu.
The aggregate remuneration of Directors of the Company for
the financial year ended 31 December 2007 categorised by
components and range of remuneration can be found in Note
8 (page 83) of Notes to the Financial Statements in this Annual
Report.
Penetapan imbuhan Pengarah Bukan Eksekutif pada
keseluruhannya ditentukan oleh Lembaga Pengarah dengan
setiap Pengarah berkenaan tidak terlibat dalam perbincangan
untuk menentukan imbuhannya sendiri. Yuran para Pengarah
dibayar kepada para Pengarah dengan kelulusan daripada
para pemegang saham di Mesyuarat Agung Tahunan.
SHAREHOLDERS
Butiran berkenaan imbuhan para Pengarah Syarikat bagi tahun
kewangan berakhir 31 Disember 2007 yang dikategorikan
mengikut komponen dan julat ganjaran boleh dilihat di dalam
Nota 8 (mukasurat 141) kepada Nota-Nota Penyata Kewangan
dalam Laporan Tahunan ini.
Relations with Shareholders and Investors
PARA PEMEGANG SAHAM
The Board recognises the importance of transparency and
accountability to its shareholders and communicates with
its shareholders and stakeholders regularly through timely
release of financial results on a quarterly basis, press releases
and announcements, which provide shareholders with an
overview of the Group’s performance, operations and major
developments.
Hubungan Dengan Para Pemegang Saham dan Pelabur
The Annual General Meeting serves as the primary channel
for communicating with shareholders. Shareholders who are
unable to attend are allowed to appoint proxies to attend and
vote on their behalf. The Chairman and the Board will respond
to the questions raised by the shareholders during the Annual
General Meeting.
Shareholders and the general public may obtain up-to-date
information relating to the various activities of the Group by
assessing its website at www.pasdec.com.my. The Group’s press
releases and latest financial and non-financial announcements
can also be found there.
ACCOUNTABILITY AND AUDIT
Financial Reporting
In presenting the annual financial statements and quarterly
announcement to the shareholders, the Board is committed
to presenting a balanced and fair assessment of the Group’s
financial position, performance and prospects while complying
with all applicable regulations and accounting standards. To
this end, the Audit Committee assists the Board in discharging
its fiduciary duties relating to corporate accountability and
reporting practices of the Group.
The Directors’ Responsibility Statement in respect of the
preparation of the annual audited financial statements of
the Company and Group is set out in page 41 of this Annual
Report.
Lembaga menyedari kepentingan ketelusan penyebaran
maklumat kepada para pemegang saham, dan komunikasi
berterusan melalui laporan tahunan syarikat, keputusan
kewangan dan pengumuman melalui Bursa Malaysia serta
pekeliling merupakan cara perhubungan yang berkesan
dengan pemegang saham dalam mendapat pandangan
terhadap prestasi, operasi dan perancangan pembangunan
Syarikat.
Mesyuarat Agung Tahunan merupakan forum utama untuk
berdialog dengan pemegang-pemegang saham. Pemegang
saham dibenarkan menghantar wakil ke mesyuarat tersebut.
Pengerusi dan Lembaga akan menjawab soalan-soalan yang
dikemukakan oleh pemegang saham semasa mesyuarat
agung itu.
Pemegang saham dan orang awam boleh mendapatkan
maklumat yang terkini berhubung pelbagai aktiviti Kumpulan
dengan melayari laman web Syarikat di www.pasdec.com.my.
Siaran akhbar dan pengumuman terkini kewangan dan bukan
kewangan boleh diperolehi menerusi laman web ini.
KEBERTANGGUNGJAWABAN DAN AUDIT
Laporan Kewangan
Dalam menyampaikan penyata kewangan tahunan dan
pengumuman keputusan suku tahunan kepada pemegang
saham, Lembaga dengan bantuan Jawatankuasa Audit
bertanggungjawab mengemukakan penilaian adil dan
saksama prestasi dan tentang kedudukan kewangan serta
prospek Syarikat dan Kumpulan.
Penyata Tanggungjawab Para Pengarah Syarikat dan Kumpulan
adalah terkandung dalam mukasurat 41 di dalam Laporan
Tahunan ini.
39
The Board as a whole decides on the remuneration of Non
Executive Directors, with the individual Director concerned
abstaining from discussion of his own remuneration. Directors’
fees are paid to the Directors with approval by the shareholders
at the Annual General Meeting.
Internal Control
Kawalan Dalaman
The Directors acknowledge their responsibilities for the internal
control system in the Group, which includes financial controls,
operational controls, compliance monitoring as well as risk
management in order to safeguard shareholders’ investment
and the Company’s assets. The Group’s Statement on Internal
Control is set out on page 42 of the Annual Report.
Lembaga mempunyai tanggungjawab menyeluruh untuk
mengekalkan sistem kawalan dalaman yang mantap, termasuk
kawalan kewangan, kawalan operasi, pemantauan kepatuhan
di samping pengurusan risiko demi melindungi kepentingan
pelaburan para pemegang saham dan aset-aset Syarikat.
Penyata Kawalan Dalaman Kumpulan dipaparkan di muka
surat 42 Lapuran Tahunan ini.
Relationship with External Auditors
The Board maintains a formal and transparent professional
relationship with the external auditors through the Audit
Committee. The Audit Committee has been empowered to
communicate directly with the external auditors.
The external auditors have an obligation to bring significant
defects to the Group’s system of control and compliance to
the attention of the management and if necessary, to the Audit
Committee and the Board.
ADDITIONAL COMPLIANCE INFORMATION
Material Contracts Involving
Shareholder’s Interests
Directors’
and
Major
None of the Directors and major shareholders had any material
contracts with the Company during the financial year ended 31
December 2007.
40
Hubungan dengan Juruaudit
Lembaga melalui Jawatankuasa Audit mengekalkan
hubungan formal dan telus dengan Juruaudit Luaran Syarikat
bagi mendapatkan khidmat dan nasihat profesional mereka.
Jawatankuasa Audit telah diberi mandat untuk berkomunikasi
secara terus dengan juruaudit luaran.
Juruaudit luaran mempunyai obligasi untuk memberi perhatian
kepada pihak pengurusan terhadap kepatuhan sistem kawalan
dan jika perlu kepada pihak Jawatankuasa Audit dan Lembaga
bagi sebarang kelemahan ketara terhadap kepatuhan pada
sistem kawalan tersebut.
MAKLUMAT KEPATUHAN TAMBAHAN
Kontrak Penting Melibatkan Kepentingan Pengarah Dan
Pemegang Saham Utama
Sanctions and/or Penalties Imposed
Tidak ada Pengarah atau pemegang saham utama yang
mempunyai kontrak penting dengan Syarikat dalam tahun
There were no sanctions and/or penalties imposed on the
Company by the relevant regulatory bodies during the financial
year ended 31 December 2007.
Pengenaan Sekatan dan/atau Hukuman
Non-Audit Fees
Tiada sekatan dan / atau denda yang dikenakan ke atas Syarikat
dan / atau subsidiari oleh badan-badan penguatkuasaan
akibat ketidakpatuhan terhadap peraturan / undang-undang.
The amount for non-audit fees paid or payable to the external
auditors and their associates for the financial year ended 31
December 2007 is RM27,420.00.
Yuran Bukan Audit
Variation in Financial Result
Jumlah yuran bukan audit yang telah dibayar atau perlu dibayar
kepada juruaudit luar dan sekutunya bagi tahun kewangan
berakhir 31 Disember 2007 ialah RM27,420.00.
The Group’s audited consolidated profit for the financial year
ended 31 December 2007 of RM26.4 million differed by
RM15.4 million or 36.8% from the consolidated unaudited profit
of RM41.8 million for the year previously announced on 29
February 2008 due to provision made relating to impairment of
land in Labuan. Announcement on the variance in results was
made on 29 April 2008.
Perbezaan Keputusan Kewangan
Keuntungan Kumpulan beraudit bagi tahun berakhir 31
Disember 2007 ialah sebanyak RM26.4 juta, RM15.4 juta atau
36.8% lebih rendah dari keuntungan Kumpulan belum diaudit
sebanyak RM41.8 juta yang diumumkan pada 29 Februari
2008. Perbezaan ini adalah disebabkan oleh peruntukan rosot
nilai tanah di Labuan. Pengumuman berhubung dengan
perbezaan ini telah dibuat pada 29 April 2008.
DIRECTORs’ RESPONSIBILITY STATEMENT
Penyata TANGGUNGJAWAB PARA PENGARAH
The Directors are responsible for the preparation of financial statements prepare for each financial year to give a true and fair view
of the state of affairs of the Group and of the Company and of the results and cash flows of the Group and of the Company for the
financial year then ended.
In the preparation of these financial statements the Director have:• ensured compliance with applicable approved accounting standards;
• adopted suitable accounting policies and apply them consistently; and
• made judgments and estimates that are reasonable and prudent.
The Directors are responsible for ensuring that the Company and Group maintain accounting records that disclose with reasonable
accuracy the financial position in order to ensure that the financial statements comply with the Companies Act, 1965. The Statement
of Directors pursuant to Section 168(15) of the Companies Act, 1965 is set out on page 60 of this Annual Report.
The Directors have general responsibilities for taking such steps that are reasonably available to them to safeguard the assets of the
Group, and to prevent and detect fraud and other irregularities.
Lembaga Pengarah bertanggungjawab untuk memastikan bahawa penyata-penyata kewangan Syarikat dan Kumpulan
memberikan gambaran sebenar dan saksama mengenai hal ehwal Syarikat dan Kumpulan.
Lembaga Pengarah telah memastikan bahawa dalam penyediaan penyata-penyata kewangan:•
Segala piawaian-piawaian perakaunan yang diluluskan dan terpakai di Malaysia telah diikuti.
•
Kumpulan dan Syarikat menerima pakai polisi-polisi perakaunan yang wajar secara konsisten;
•
Keputusan dan anggaran yang munasabah dan bijaksana dibuat di mana berkaitan; dan
Para Pengarah bertanggungjawab untuk memastikan bahawa Syarikat menyimpan rekod-rekod perakaunan yang menggambarkan
dengan ketetapan yang munasabah kedudukan kewangan Kumpulan dan Syarikat, dan membolehkan mereka memastikan
penyata-penyata kewangan mematuhi Akta Syarikat, 1965. Penyata oleh Pengarah-Pengarah selaras dengan Seksyen 169(15) Akta
Syarikat, 1965 dikemukakan pada muka surat 118 Laporan Tahunan ini.
Para Pengarah mempunyai tanggungjawab umum untuk mengambil tindakan-tindakan yang sewajarnya bagi memelihara asetaset Kumpulan dan mengelakkan serta mengesan penipuan dan lain-lain yang di luar aturan.
41
STATEMENT ON INTERNAL CONTROL
Penyata KAWALAN DALAMAN
“In order to improve the transparency, integrity and increasing managerial efficiency – We are fully responsible to assure certainty
to the board of directors and shareholders of the continuous business process improvement throughout a systematic and ethical
risk management and internal control system”
DATO’ MOHAMED AMIN HAJI DAUD
SENIOR INDEPENDENT, NON EXECUTIVE DIRECTOR
BOARD’S RESPONSIBILITIES
Paragraph 15.27(b) of the Listing Requirements of the Bursa Malaysia Securities Berhad requires the Board of Directors of a listed
company to include in its annual report a “statement about the state of internal control of the company as a group”.
The Board acknowledges its responsibility of ensuring the effectiveness and adequacy of the internal control system to cover risk
management, financial, operational and compliance controls within the Group. The Board shall also periodically review all internal
control mechanism so as to ensure its strengths are being maintained and weaknesses are being remedied. The Board, however,
does not regularly review the internal control system of its associate companies, as the Board does not have any direct control over
their operations.
“Selaras dengan usaha memastikan peningkatan ketelusan, integriti dan effisiensi pihak pengurusan, pihak kami
bertanggungjawab memberi keyakinan kepada Jemaah Pengarah dan Pemegang Saham melalui pengurusan risiko dan
kawalan audit dalaman yang bersistematik dan beretika ”
DATO’ MOHAMED AMIN HAJI DAUD
PENGARAH BEBAS KANAN BUKAN EKSEKUTIF
TANGGUNGJAWAB JEMAAH PENGARAH
Para 15.27(b) di dalam syarat penyenaraian Bursa Saham Malaysia Securities Berhad (“Bursa Malaysia”) menyatakan bahawa
syarikat yang disenaraikan di dalam Bursa Malaysia perlu membuat “kenyataan berkenaan status kawalan dalaman syarikat
sebagai sebuah Kumpulan”
42
Lembaga Pengarah mempunyai tanggungjawab secara keseluruhan untuk memastikan kadar keberkesanan dan kecukupan
sistem kawalan dalaman yang merangkumi pengurusan risiko, kewangan, operasi dan tahap kepatuhan terhadap sistem kawalan
dalaman Kumpulan. Lembaga Pengarah juga akan dari masa ke semasa memantau kadar keutuhan sistem kawalan dalaman
bagi memastikan tahap keutuhan yang tinggi dikekalkan dan kelemahan diperbaiki.
Walau bagaimanapun, Lembaga tidak melaksanakan kajian dan penilaian berkala terhadap status kawalan dalaman syarikatsyarikat bersekutu kerana pihak Lembaga tidak mempunyai kuasa mutlak untuk mengawasi operasi syarikat-syarikat tersebut.
AUDIT COMMITTEE REPORT
LAPORAN JAWATANKUASA AUDIT
INTERNAL AUDIT
AUDIT DALAMAN
During the financial year ended 31 December 2007, the Group
outsourced some of its internal audit function to an independent
firm of consultants.
Sepanjang tempoh kewangan berakhir 31 Disember 2007,
Jawatankuasa Audit telah melantik perunding juruaudit luar
profesional dalam menjalankan kerja audit dalaman Syarikat
dan Kumpulan.
The internal audit team assists the Audit Committee in providing
assurance that a sound system of internal controls exists by
reviewing such controls and procedures of the Group. At the
onset, the audit programme is presented to the Audit Committee
for perusal and agreement and findings are presented to
the Committee accordingly. The internal audit team is totally
independent. It has no involvement in the operations of the
Group and is not involved in providing advisory services to the
management of the Group.
COMPOSITION OF AUDIT COMMITTEE
Juruaudit-juruaudit bebas tersebut bertindak membantu
Jawatankuasa Audit dalam memastikan ketelusan sistem
kawalan dalaman dilaksanakan secara berkesan melalui
kawalan dan prosidur yang telah ditetapkan oleh Kumpulan.
Program-program audit dalaman telah dibentangkan dan
diluluskan oleh Ahli Jawatankuasa Audit. Juruaudit-juruaudit
yang dilantik adalah merupakan badan bebas yang tidak
terlibat langsung dalam operasi Kumpulan serta tidak terlibat
dalam memberi khidmat nasihat kepada pihak pengurusan
Kumpulan.
The present members of the Audit Committee of the Company are:-
KEAHLIAN JAWATANKUASA AUDIT
1. Dato’ Mohamed Amin bin Haji Daud
(Chairman / Senior Independent Non-Executive Director)
Jawatankuasa ini terdiri daripada ahli-ahli seperti berikut:-
2. Dato’ Sri Khalid bin Mohamad Jiwa
(Member / Independent Non-Executive Director)
3. Encik Abdullah bin A. Rasol
(Member / Independent Non-Executive Director)
4. Dato’ Haji Mohamad Nor bin Ali
(Member / Non -Independent Non-Executive Director)
5. Dato’ Haji Lias bin Mohd Noor
(Member / Non-Independent Non-Executive Director)
1. Dato’ Mohamed Amin bin Haji Daud
(Pengerusi / Pengarah Bebas Kanan Bukan Eksekutif)
2. Dato’ Sri Khalid bin Mohamad Jiwa
(Ahli / Pengarah Bebas Bukan Eksekutif)
3. Encik Abdullah bin A. Rasol
(Ahli / Pengarah Bebas Bukan Eksekutif)
4. Dato’ Haji Mohamad Nor bin Ali
(Ahli / Pengarah Bukan Bebas Bukan Eksekutif)
5. Dato’ Haji Lias bin Mohd Noor
(Ahli / Pengarah Bukan Bebas Bukan Eksekutif)
MEETINGS
The Audit Committee convened thirteen (13) meetings in
the financial year ended 31 December 2007. The details of
attendance of each Audit Committee member at the Audit
Committee meetings are as follows:-
KEHADIRAN MESYUARAT
Tiga belas (13) Mesyuarat Jawatankuasa Audit telah diadakan
sepanjang tahun dan kehadiran setiap ahli ke mesyuarat
tersebut adalah seperti berikut :
Audit Committee Member No. of Meetings Attended
13/13
12/13
11/13
13/13
13/13
Ahli Jawatankuasa Audit
Encik Abdullah bin A. Rasol
Kehadiran Ke Mesyuarat
Jawatankuasa Audit
13/13
12/13
11/13
13/13
13/13
43
Encik Abdullah bin A. Rasol
TERMS OF REFERENCE
BIDANG-BIDANG RUJUKAN
Objectives
Objektif
The primary objectives of the Audit Committee is to assist the
Board of Directors in the effective discharge of its fiduciary
responsibilities for corporate governance, financial reporting,
risk management, internal control and compliance of statutory
and legal requirements. The Audit Committee is to review the
quality of the audits conducted both by the internal and external
auditors of the Company.
Objektif utama Jawatankuasa Audit ialah membantu
Lembaga Pengarah dalam melaksanakan tanggungjawabnya
dengan mengkaji keutuhan sistem tadbir urus korporat,
laporan kewangan, keberkesanan sistem pengurusan risiko
dan kawalan dalaman dan memastikan pematuhan kepada
undang-undang, syarat-syarat, peraturan-peraturan dan garis
panduan yang berkaitan. Jawatankuasa Audit juga bertindak
menilai tahap kualiti yang dijalankan oleh juruaudit dalaman
dan luaran Syarikat dan Kumpulan.
Membership
The members of the Audit Committee shall be appointed by the
Board from amongst their number and shall be composed of
no fewer than three (3) members with a majority of Independent
Non-Executive Directors.
At least one member of the Audit Committee:(a) must be a member of the Malaysian Institute of Accountants;
or
(b) if he is not a member of the Malaysia Institute of Accountants,
he must have at least 3 years, working experience and:(i) he must have passed the examinations specified in Part I
of the Schedule of the Accountants Act 1967; or
(ii)he must be a member of one of the associations of
accountants specified in Part II of the 1st Schedule of the
Accountants Act, 1967.
The Chairman of the Audit Committee shall be an independent
Non-Executive Director appointed by the Board. No alternate
director shall be appointed as a member of the Audit
Committee.
The Board shall review the performance of the Audit Committee
and each of its members at least once in every three (3) years to
determine that they have carried out their duties in accordance
with their terms of reference.
44
The Board shall, within three (3) months of a vacancy occurring
in the Audit Committee which results in the number of members
reduced to below three(3), appoint such number of new
members as may be required to make up the minimum number
of three (3) members.
Keanggotaan
Ahli Jawatankuasa Audit adalah dilantik oleh Lembaga
Pengarah di kalangan para ahlinya dan terdiri daripada
sekurang-kurangnya tiga (3) ahli, yang majoritinya merupakan
Pengarah Bebas.
Sekurang-kurangnya seorang Ahli Jawatankuasa Audit:(a) mestilah merupakan ahli Institut Perakaunan Malaysia;
atau
(b) sekiranya beliau bukan ahli Institut Perakaunan Malaysia,
beliau mesti mempunyai pengalaman kerja sekurangkurangnya 3 tahun dan:(i) beliau mestilah lulus peperiksaan yang ditetapkan pada
Bahagian 1 Jadual Pertama Akta Perakaunan 1967;
atau
(ii)beliau mestilah merupakan ahli salah satu persatuan
akauntan yang ditetapkan pada Bahagian II, Jadual
Akta Akauntan 1967.
Pengerusi Jawatankuasa Audit hendaklah merupakan Pengarah
Bebas Bukan Eksekutif yang dilantik oleh Lembaga Pengarah.
Pengarah ganti tidak boleh dilantik sebagai Ahli Jawatankuasa
Audit.
Lembaga Pengarah akan mengkaji tempoh pemegangan
jawatan dan prestasi Jawatankuasa Audit dan setiap
ahlinya sekurang-kurangnya sekali setiap tiga (3) tahun untuk
menentukan sama ada Jawatankuasa Audit telah menjalankan
tugasnya mengikut bidang rujukannya yang telah ditentukan.
Sekiranya terdapat kekosongan dalam Jawatankuasa Audit,
iaitu Ahli Jawatankuasa Audit kurang daripada tiga (3),
Lembaga Pengarah mesti memenuhkan kekosongan tersebut
dalam tempoh tiga (3) bulan.
Notice of Meeting and Attendance
Notis dan Kehadiran Mesyuarat
The agenda for Audit Committee meetings shall be circulated
before each meeting to members of the Committee. The
quorum for each meeting shall comprise of at least two (2)
members and the majority of members present shall be
Independent Directors.
Bagi setiap mesyuarat Jawatankuasa Audit, agenda mesyuarat
diedarkan sebelum mesyuarat diadakan. Kehadiran setiap
mesyuarat hendaklah sekurang-kurangnya dua (2) ahli yang
majoritinya adalah Pengarah Bebas Syarikat.
The Company Secretary of the Company shall be the Secretary
of the Committee.
Frequency of Meetings
The Committee shall meet at least four (4) times during each
financial year. Additional meeting may be called any time at
the discretion of the Chairman of the Committee.
Authority
The Audit Committee has the following authority as empowered
by the Board:(a) to investigate any activity of the Company within its term of
reference;
(b) have the resources which are required to perform its
duties;
(c) have full and unrestricted access to any information and
personnel pertaining to the Group;
(d) have direct communication channels with the external and
internal auditors;
(e) to convene meetings with the external auditors excluding the
attendance of the executive members of the Committee,
whenever deemed necessary; and
(f) to obtain independent professional advice as necessary.
Duties and Responsibilities
In fulfilling its primary objectives, the Audit Committee shall
undertake the following duties and responsibilities:1. Review the quarterly results and year end financial
statements, prior to the approval by the Board of Directors,
focusing particularly on:(a) going concern assumptions;
(b) changes in or implementation of major accounting
policy;
(c) significant and unusual events; and
(d) compliance with accounting standards, regulatory
and other legal requirements.
Jawatankuasa Audit atas budi bicaranya, boleh menjemput
Pengarah lain, pihak pengurusan, kakitangan Kumpulan, dan/
atau juruaudit luaran ke mesyuarat jawatankuasa.
Setiausaha Syarikat adalah sebagai Setiausaha Jawatankuasa
Audit.
Kekerapan Mesyuarat
Mesyuarat perlu diadakan sekurang-kurangnya empat (4) kali
setahun. Mesyuarat tambahan boleh dipanggil pada bila-bila
masa atas budi bicara Pengerusi Jawatankuasa Audit.
Kuasa Jawatankuasa Audit
Jawatankuasa Audit diberikuasa oleh Lembaga Pengarah bagi
menjalankan bidangkuasa seperti berikut:(a) untuk menyiasat sebarang perkara dalam bidang
rujukannya;
(b) untuk mendapatkan segala sumber yang diperlukannya;
(c) untuk diberi akses penuh dan tidak terhad kepada
maklumat berkenaan Syarikat dan Kumpulan;
(d) mempunyai komunikasi langsung dengan juruaudit luaran
dan juruaudit dalaman.
(e) untuk mengadakan mesyuarat dengan juruaudit luaran
tanpa menjemput ahli-ahli eksekutif jawatankuasa,
sekiranya perlu; dan
(f) untuk mendapatkan khidmat nasihat pihak profesional
bebas sekiranya dianggap perlu.
Tugas dan Tanggungjawab
Dalam memenuhi objektif utamanya, Jawatankuasa Audit
bertanggungjawab terhadap:1. Mengkaji keputusan suku tahunan dan penyata
kewangan akhir tahun Syarikat dan Kumpulan sebelum
mencadangkan agar diluluskan oleh Lembaga Pengarah,
dengan memberi tumpuan khususnya kepada:(a) andaian-andaian terhadap syarikat sebagai entiti
yang berterusan;
(b) sebarang perubahan dalam polisi dan amalan
perakaunan;
(c) keadaan luar jangka yang memberi kesan; dan
(d) pematuhan kepada piawaian perakaunan dan
keperluan statutori dan undang undang lain yang
berkaitan.
45
The Audit Committee has the discretion to invite other Directors,
members of the management and employees of the Group,
and/or the external auditors to its meetings.
2. Review and discuss with the external auditors of the
following:(a)
(b)
(c)
(d)
the audit plan prior to the commencement of audit;
their audit report;
their evaluation of the system of internal control;
problems and reservations arising from interim and final
external audits, and any matters the external auditors
may wish to discuss (in the absence of management,
where necessary); and
(e) their management letter and management’s
response.
3. Review any related party transaction and conflict of interest
situation that may arise within the Company or the Group,
including any transaction, procedure or course of conduct
that raises questions of management integrity.
4. Review the following in respect of Internal Auditors:(a) adequacy of the scope, functions and resources of
the internal audit function and that it has the necessary
authority to carry out its work;
(b) internal audit programme, processes and results of the
internal audit programme, processes or investigation
undertaken and whether or not appropriate actions are
taken on the recommendations of the internal audit
function;
(c) effectiveness of the system of internal control;
(d) major findings of internal audit investigations and
management’s response;
(e) review any appraisal or assessment of the performance
of the staff of the internal audit function;
(f) approve any appointment or termination of senior staff
member of the internal audit function; and
(g) note resignations of internal audit staff members and
provide the resigning staff member an opportunity to
submit his/her reason for resignation.
5. Consider and recommend the nomination and
appointment, the audit fee and any questions of resignation,
dismissal or re-appointment of the external auditors.
46
6. Report promptly to Bursa Malaysia Securities Berhad on any
matter reported by it to the Board of Directors which has not
been satisfactorily resolved resulting in the breach of the
Listing Requirements.
7. Carry out such other responsibilities, functions or special
assignments as may be defined jointly by the Audit
Committee and Board of Directors from time to time.
2. Mengkaji dan membincangkan dengan juruaudit luaran:(a)
(b)
(c)
(d)
pelan audit dalam menjalankan kerja-kerja audit;
laporan audit;
penilaian sistem kawalan dalaman;
membincangkan sebarang perkara yang ingin
ditimbulkan oleh juruaudit luaran, tanpa kehadiran
pihak pengurusan, sekiranya perlu; dan
(e) surat kepada pengurusan dan maklumbalas
pengurusan.
3. Mengkaji sebarang urus niaga dengan syarikat-syarikat
berkaitan yang mungkin berlaku di dalam Syarikat atau
Kumpulan, termasuk sebarang urus niaga, prosedur atau
tindakan yang boleh menimbulkan persoalan tentang
ketelusan pihak pengurusan.
4. Mengkaji perkara-perkara
Dalaman, seperti berikut:-
berkenaan
dengan
Audit
(a) mengkaji sama ada skop, fungsi, sumber dan kuasa
yang diperlukan oleh audit dalaman untuk menjalankan
tugasnya adalah mencukupi.
(b) mengkaji rancangan, proses, keputusan audit atau
penyiasatan yang dilakukan, dan mengkaji sama ada
tindakan yang sewajarnya telah diambil oleh pihak
pengurusan terhadap cadangan-cadangan yang
dikemukakan oleh juruaudit dalaman.
(c) mengkaji keberkesanan sistem kawalan audit
dalaman.
(d) mengkaji
maklumbalas
pengurusan
terhadap
keputusan penyiasatan audit .
(e) mengkaji dan menilai prestasi setiap kakitangan audit
dalaman.
(f) meluluskan sebarang perlantikan atau pemberhentian
kakitangan kanan audit dalaman.
(g) mengenalpasti
sebab-sebab
pemberhentian
kakitangan audit dalaman dan memberi peluang
kakitangan untuk menyatakan sebab berhenti.
5. Membantu Lembaga Pengarah dalam hal ehwal berkaitan
pelantikan dan perletakan jawatan juruaudit luaran dan
mencadangkan pencalonan pihak-pihak tertentu sebagai
juruaudit luaran dan keberkesanan audit mereka dari segi
kos.
6. Apabila Jawatankuasa Audit berpendapat bahawa
sesuatu perkara yang dilapurkan ke Lembaga Pengarah
tidak diselesaikan dengan cara yang memuaskan, dan
menyebabkan ketidakpatuhan kepada syarat-syarat
penyenaraian Bursa Malaysia Securities Berhad (“Bursa
Securities”), Jawatankuasa Audit akan melapurkan
perkara tersebut dengan serta merta kepada pihak Bursa
Securities.
7. Menjalankan sebarang tugas-tugas lain yang telah
dipersetujui oleh Ahli Jawatankuasa Audit dan Lembaga
Pengarah.
SUMMARY OF ACTIVITIES OF THE AUDIT COMMITTEE
RINGKASAN AKTIVITI JAWATANKUASA AUDIT
The Audit Committee has discharged its functions and duties
by introducing a systematic and disciplined method to
improve the effectiveness of risk management, internal control
and governance process for the Group. Summary of the key
activities are as follows:-
Jawatankuasa Audit telah melaksanakan tanggungjawab dan
tugas melalui carakerja yang sistematik dan berdisplin untuk
menambahbaik keberkesanan pengurusan risiko, kawalan
dalaman dan proses tadbir urus Kumpulan. Ringkasan aktivitiaktiviti utama adalah seperti berikut:-
(a) Reviewed the quarterly financial result announcements;
(b) Reviewed the Group’s annual audited financial statements
and recommended to the Board for approval;
(c) Reviewed related party transactions within the Group;
(d) Reviewed the results of the risk assessment exercise and
audit plan for internal audit; and
(e) Reviewed and deliberated on issues raised in the audit
reports by internal auditors in relation to weaknesses in
internal controls.
(a) Telah mengkaji pengumuman keputusan kewangan suku
tahunan.
(b) Telah mengkaji dan mencadangkan untuk kelulusan
Lembaga Pengarah bagi Laporan Kewangan Audit
Tahunan Kumpulan.
(c) Telah mengkaji urusniaga-urusniaga dengan syarikatsyarikat berkaitan yang berlaku di dalam Syarikat atau
Kumpulan, termasuk sebarang urusniaga, prosidur atau
tindakan yang boleh menimbulkan persoalan tentang
ketelusan pihak pengurusan.
(d) Telah mengkaji keberkesanan sistem dan pelan kawalan
audit dalaman.
(e) Telah mengkaji dan menyelesaikan kelemahan-kelemahan
kawalan audit dalaman yang dikenalpasti dalam laporanlaporan audit dalaman oleh juruaudit dalaman dan
luaran.
During the financial year, the Audit Committee also conducted
and completed two (2) special audit assignments, to improve
the system of internal controls and procedures of the Group.
Jawatankuasa Audit memberi tumpuan untuk mengukuhkan
struktur tadbir urus Syarikat dan Kumpulan iaitu, Polisi dan
Prosidur Syarikat, ‘Pasdec Authority Limit’ dan juga prosesproses yang dikawal di bawah Manual Prosedur Operasi ISO
9001:2000.
Sepanjang tahun, Jawatankuasa Audit juga telah
melaksanakan dan menyempurnakan dua (2) tugasan audit
dalaman khas, selaras dengan usaha meneguhkan ketelusan
sistem kawalan dalaman dan prosidur dalaman Syarikat dan
Kumpulan.
47
The Audit Committee concentrated on strengthening the
corporate governance structure of the Company and the
Group, i.e. Policies & Procedures, Authority Limits and structured
processes governed by the ISO 9001:2000 Operational
Manual.
... exploring
opportunities
here and beyond
48
49
corporate events ‘07
acara korporat ‘07
JANUARy / JANUAR1
march / mac
PKNP and PASDEC ’s Group ‘Ibadah Programme’ at Surau
Al-Ikhwan, Bukit Setongkol, Kuantan.
‘Corporate Grooming & Etiquette’ Seminar at Vistana Hotel,
Kuantan.
Program Ibadah Korban Kumpulan PKNP and PASDEC di Surau
Al-Ikhwan Bukit Setongkol, Kuantan.
Seminar ‘Corporate Grooming & Etiquette’ di Vistana Hotel,
Kuantan.
FEBRUARy / FEBRUARi
PASDEC’s 2007 Staff and Management Gathering at MS Garden,
Kuantan.
Majlis Perjumpaan Awal Tahun Pengurusan dan Anggota Kerja
PASDEC 2007 di MS Garden, Kuantan.
PKNP and PASDEC’s 2007 Family Day at Recreational Centre,
Pantai Balok, Kuantan.
Hari Keluarga Kumpulan PKNP dan PASDEC’s 2007 di Pusat
Rekreasi Pantai Balok Kuantan.
The Official Launching and Opening of Sample Houses of
PASDEC Damansara Project
Pelancaran dan pembukaan rumah contoh Projek PASDEC
Damansara.
APRIL / APRIL
Workshop On 5S System Audit Practical at Hotel Sri Malaysia,
Genting Highlands, Pahang.
Bengkel Praktikal Audit Sistem 5S di Hotel Sri Malaysia, Genting
Highlands, Pahang.
Participation in MAPEX I Pahang 2007 Exhibition at Megamall,
Kuantan.
Penyertaan di Pameran MAPEX I Pahang 2007 di Megamall,
Kuantan.
50
PASDEC’s Friendly Bowling Tournament with the State Goverment
Department Head at Premium Lanes, Kuantan Plaza, Kuantan.
Kejohanan Bowling Persahabatan PASDEC dengan Ketua-ketua
Jabatan Kerajaan di Premium Lanes, Kuantan Plaza, Kuantan.
May / Mei
Handing Over Ceremony of Taman Samodera, (the Royal
Navy Force Housing Complex) to the Honourable Deputy Prime
Minister, YAB Dato’ Sri Mohd Najib bin Tun Abdul Razak.
Majlis Penyerahan Kompleks Perumahan Tentera Laut Diraja
Malaysia (“TLDM”) Taman Samudera, Baluk Perdana, Kuantan
kepada Timbalan Perdana Menteri, YAB Dato’ Sri Mohd Najib bin
Tun Abdul Razak.
11th Annual General Meeting of PASDEC at Meranti 1, Hyatt
Regency Kuantan Resort, Kuantan.
Mesyuarat Agung Tahunan PASDEC ke-11 di Meranti 1, Resort
Hyatt Regency Kuantan, Kuantan.
Sales Promotion during of Islam Hadhari Exhibition at Kompleks
Yayasan Pahang, Kuantan.
Promosi Jualan sempena Pameran Islam Hadhari, di Kompleks
Yayasan Pahang, Kuantan.
JULy / JULai
PASDEC’s Friendly Golf Tournament at Astana Golf Resort, Kuantan.
Kejohanan Golf Persahabatan PASDEC di Astana Golf Resort, Kuantan.
Participation in Sales Exhibition for Pekan Fest Festival, Pekan,
Pahang.
Penyertaan dalam Pameran Jualan sempena Festival Pekan
Fest, Pekan, Pahang.
Sales exhibition in conjunction with the 25 Years Celebration of
Yayasan Pahang and the Opening of its new office complex.
Pameran Jualan sempena Majlis Perasmian Bangunan dan
Perayaan 25 Tahun Yayasan Pahang di Tanjung Lumpur,
Kuantan.
Workshop on “Benchmarking Application and Skills” at Kuantan
Tembeling Resort, Kuantan.
Bengkel ‘Kemahiran & Aplikasi Penandaarasan’ di Kuantan
Tembeling Resort, Kuantan.
Internal Quality Audit Programme.
Program Audit Kualiti Dalaman.
JUNe / JUN
51
august / ogos
Sales Promotion in conjuction with 50 Years of Independence
Week Celebration at Kuantan Parade, Kuantan.
High Tea at the Sample House of Pasdec’s Damansara Project,
Kuantan.
Pameran Jualan sempena Minggu Kemerdekan ke-50 Tahun di
Kuantan Parade, Kuantan.
Majlis Minum Petang di Rumah Contoh Pasdec Damansara,
Kuantan.
Workshop on ‘Building Quality Culture For Organizational
Effectiveness’ at the De Rhu Beach Resort, Kuantan.
Bengkel ‘Building Quality Culture For Organisational Effectiveness’
di De Rhu Resort, Kuantan.
Sales Promotion at Rompin Fest Festival , Rompin, Pahang.
Promosi Jualan sempena Festival Rompin Fest, Rompin, Pahang.
Participation in Marching of 50th Independence Day Celebration.
Penyertaan Pembarisan Hari Kemerdekaan Malaysia ke-50.
SEPTEMBER / SEPTEMBER
Participation in Mega Properties Fair at Megamall, Kuantan.
Penyertaan di Mega Properties Fair di Megamall, Kuantan.
PASDEC‘s Friendly Bowling Tournament with Pahang State Technical
Departments at Premium Lanes, Kuantan Plaza, Kuantan.
52
Kejohanan Boling Ramah Mesra Pasdec dengan JabatanJabatan Teknikal Kerajaan Negeri Pahang di Premium Lanes,
Kuantan Plaza, Kuantan.
High Tea at Astana Villa Project, Bandar Indera Mahkota,
Kuantan.
PASDEC Staff and Management Gathering at MS Garden, Kuantan.
Majlis Perjumpaan Pengurusan dengan kakitangan PASDEC di MS
Garden, Kuantan.
Majlis Minum Petang di Projek Astana Villa, Bandar Indera
Mahkota, Kuantan.
PASDEC’s Veteran Cup Football Tournament co-organised by
PASDEC and Pahang Football Association (PNB) at Padang MPK
2, Kuantan.
Kejohanan Bola Sepak Piala Veteran PASDEC 2007 anjuran
bersama PASDEC dan Persatuan Bola Sepak Pahang(PBNP) di
Padang MPK2, Kuantan.
PASDEC’s 10th Year Listing Anniversary Dinner at Dewan Jubli
Perak Sultan Hj Ahmad Shah, Kuantan.
Majlis Santapan/Jamuan Malam 10 Tahun Penyenaraian PASDEC,
di Dewan Jubli Perak Sultan Hj Ahmad Shah, Kuantan.
OcTOBER / OkTOBER
Pasdec Sales Exhibition for the month of Ramadhan in Kuantan
Parade, Kuantan.
Pameran Jualan Pasdec sempena bulan Ramadhan di Kuantan
Parade, Kuantan.
NOVEMBER / NOVEMBER
Hand Over of Keys to the purchasers of Baluk Permai Phase 1
Baluk Permai, Kuantan.
Majlis Serah Kunci Projek Perumahan Balok Permai Fasa 1 di Baluk
Permai, Kuantan.
DecEMBER / DisEMBER
Participation in MAPEX II 2007 at Kuantan Parade, Kuantan.
Penyertaan di Pameran MAPEX II 2007, di Kuantan Parade,
Kuantan.
Bengkel ‘Key Performance Criteria for Processes within QMS’ di
Awana Genting Highlands, Pahang.
53
Workshop on ‘Key Performance Criteria Workshop for Process
Within QMS’ at Awana Genting Highlands, Pahang.
PASDEC’s Sales Carnival co-organised with NGO (Retarded
Children Day Care Centre, Kuantan) at Atrium II, Kuantan parade,
Kuantan.
Karnival Jualan PASDEC 2007 anjuran bersama Badan NGO
(Pusat Jagaan Kanak-kanak Terencat Akal, Kuantan) di Atrium 2,
Kuantan Parade, Kuantan.
Blood Donation Campaign at PASDEC’s Sales Carnival in Kuantan
Parade, Kuantan.
54
Hand Over of Keys to the purchasers of Chendor Utama Phase 1
Project and Chendor Phase 2 at Chendor, Kuantan.
Kempen Derma Darah di Karnival Jualan PASDEC di Kuantan
Parade, Kuantan.
Majlis Serah Kunci Projek Chendor Utama Fasa 1 dan Chendor
Fasa 2, di Chendor, Kuantan.
Flood Aid distribution to 300 residents at Sekolah Kebangsaan
Ubai Relieve Centre.
Pengagihan Bantuan Banjir kepada 300 penduduk di pusat
Pemindahan Sekolah Kebangsaan Ubai, Pekan.
Handover of the Group’s business ‘Zakat’ 2007 to His Royal
Highness ‘KDYTM’, the Regent of Pahang.
Penyerahan Zakat perniagaan Kumpulan 2007 kepada KDYTM,
Tengku Mahkota Pahang.
FINANCIAL
STATEMENTS
Directors’ Report
60
Statement by Directors
60
Statutory Declaration
61
Report of the Auditors
62
Income Statements
63
Balance Sheets
64
Consolidated Statement of Changes in Equity
65
Company Statement of Changes in Equity
66
Cash Flow Statements
68
Notes to the Financial Statements
55
56
DIRECTORS’ REPORT
The directors have pleasure in presenting their report together with the audited financial statements of the Group and of the
Company for the financial year ended 31 December 2007.
PRINCIPAL ACTIVITIES
The principal activities of the Company are investment holding and provision of management services to the subsidiaries.
The principal activities of the subsidiaries are described in Note 17 to the financial statements.
There have been no significant changes in the nature of the principal activities during the financial year.
RESULTS
Group
RM
Company
RM
Profit for the year
26,404,339 6,300,288
Attributable to:
Equity holders of the Company
Minority interests
31,603,614
(5,199,275)
6,300,288
-
26,404,339
6,300,288
There were no material transfers to or from reserves or provisions during the financial year other than as disclosed in the financial
statements.
In the opinion of the directors, the results of the operations of the Group and of the Company during the financial year were not
substantially affected by any item, transaction or event of a material and unusual nature other than the gain of RM34,392,919
on disposal of investments as disclosed in Note 6 and impairment of land held for property development of RM20,116,367 as
disclosed in Note 6 and Note 36(e).
DIVIDENDS
The amount of dividends paid by the Company since 31 December 2006 were as follows:
56
RM
In respect of the financial year ended 31 December 2006 as reported in the directors’ report of that year:
First and final dividend of 2% less 27% taxation on 205,978,000 ordinary shares,
declared on 22 June 2007 and paid on 27 August 2007
3,008,000
At the forthcoming Annual General Meeting, a final dividend in respect of the financial year ended 31 December 2007, of 2% less
26% taxation on 205,978,000 ordinary shares, amounting to a dividend payable of RM3,048,474 (1.48 sen net per ordinary share)
will be proposed for shareholders’ approval. The financial statements for the current financial year do not reflect this proposed
dividend. Such dividend, if approved by the shareholders, will be accounted for in equity as an appropriation of retained earnings
in the financial year ending 31 December 2008.
DIRECTORS’ REPORT
DIRECTORS
The names of the directors of the Company in office since the date of the last report and at the date of this report are:
Dato’ Abdul Ghani bin L. Sulaiman
Dato’ Haji Lias bin Mohd. Noor
Dato’ Abdullah @ Mohamad Nor bin Ali
Majid bin Mohamad
Dato’ Khalid bin Mohamad Jiwa
DIRECTORS’ BENEFITS
Neither at the end of the financial year, nor at any time during that year, did there subsist any arrangement to which the Company
was a party, whereby the directors might acquire benefits by means of the acquisition of shares in or debentures of the Company
or any other body corporate.
Since the end of the previous financial year, no director has received or become entitled to receive a benefit (other than benefits
included in the aggregate amount of emoluments received or due and receivable by the directors or the fixed salary of a fulltime employee of the Company as shown in Note 8 to the financial statements) by reason of a contract made by the Company
or a related corporation with any director or with a firm of which he is a member, or with a company in which he has a substantial
financial interest.
DIRECTORS’ INTERESTS
None of the directors in office at the end of the financial year had any interest in shares in the Company or its related corporations
during the financial year.
EXCHANGEABLE BONDS
On 15 November 2006, the Company issued RM150 million Rainbow Exchangeable Bonds (“REBs”) at 100% of its nominal value
comprising two (2) series as follows:-
(b) RM135 million REBs (“Series II”) exchangeable into 40,785,500 ordinary shares of YTL Cement Berhad issued for a maturity of 7
years from the issue date.
During the year, the entire Series I of RM15 million and RM74 million of Series II have been exchanged.
57
(a) RM15 million REBs (“Series I”) exchangeable into 4,792,333 ordinary shares of Road Builder (M) Holdings Berhad issued for a
maturity of 5 years from the issue date; and
DIRECTORS’ REPORT
OTHER STATUTORY INFORMATION
(a) Before the income statements and balance sheets of the Group and of the Company were made out, the directors took
reasonable steps:
(i) to ascertain that proper action had been taken in relation to the writing off of bad debts and the making of provision for
doubtful debts and satisfied themselves that all known bad debts had been written off and that adequate provision had
been made for doubtful debts; and
(ii) to ensure that any current assets which were unlikely to realise their value as shown in the accounting records in the ordinary
course of business had been written down to an amount which they might be expected so to realise.
(b) At the date of this report, the directors are not aware of any circumstances which would render:
(i) the amount written off for bad debts or the amount of the provision for doubtful debts in the financial statements of the
Group and of the Company inadequate to any substantial extent; and
(ii) the values attributed to the current assets in the financial statements of the Group and of the Company misleading.
(c) At the date of this report, the directors are not aware of any circumstances which have arisen which would render adherence
to the existing method of valuation of assets or liabilities of the Group and of the Company misleading or inappropriate.
(d) At the date of this report, the directors are not aware of any circumstances not otherwise dealt with in this report or the
financial statements of the Group and of the Company which would render any amount stated in the financial statements
misleading.
(e) As at the date of this report, there does not exist:
(i) any charge on the assets of the Group or of the Company which has arisen since the end of the financial year which
secures the liabilities of any other person; or
(ii) any contingent liability of the Group or of the Company which has arisen since the end of the financial year.
(f) In the opinion of the directors:
(i) no contingent or other liability has become enforceable or is likely to become enforceable within the period of twelve
months after the end of the financial year which will or may affect the ability of the Group or of the Company to meet their
obligations when they fall due; and
58
(ii) no item, transaction or event of a material and unusual nature has arisen in the interval between the end of the financial
year and the date of this report which is likely to affect substantially the results of the operations of the Group or of the
Company for the financial year in which this report is made.
DIRECTORS’ REPORT
SIGNIFICANT EVENTS
The significant events during the year are as disclosed in Note 36 to the financial statements.
SUBSEQUENT EVENTS
Details of the subsequent events are disclosed in Note 37 to the financial statements.
AUDITORS
The auditors, Hanafiah Raslan & Mohamad, have expressed their willingness to continue in office.
Signed on behalf of the Board in accordance with a resolution of the directors dated 25 April 2008.
59
STATEMENT
BY DIRECTORS
PURSUANT TO SECTION 169 (15) OF THE COMPANIES ACT, 1965
We, DATO’ SRI HAJI ADNAN BIN HAJI YAAKOB and YUSOF ALI BIN HAJI MOHAMED ZAIN, being two of the directors of PASDEC
HOLDINGS BERHAD, do hereby state that, in the opinion of the directors, the accompanying financial statements set out on
pages 62 to 112 are drawn up in accordance with the provisions of the Companies Act, 1965 and applicable Financial
Reporting Standards in Malaysia so as to give a true and fair view of the financial position of the Group and of the Company as
at 31 December 2007 and of the results and the cash flows of the Group and of the Company for the year then ended.
Signed on behalf of the Board in accordance with a resolution of the directors dated 25 April 2008.
STATUTORY
DECLARATION
PURSUANT TO SECTION 169 (16) OF THE COMPANIES ACT, 1965
I, GOH SONG HAN, being the officer primarily responsible for the financial management of PASDEC HOLDINGS BERHAD, do
solemnly and sincerely declare that the accompanying financial statements set out on pages 62 to 112 are in my opinion
correct, and I make this solemn declaration conscientiously believing the same to be true and by virtue of the provisions of the
Statutory Declarations Act, 1960.
60
Subscribed and solemnly declared by the abovenamed
GOH SONG HAN at Kuantan in the state of Pahang Darul
Makmur on 25 April 2008
Before me,
GOH SONG HAN
REPORT
OF THE AUDITORS
TO THE MEMBERS OF PASDEC HOLDINGS BERHAD
(367122 D)
We have audited the financial statements set out on pages 62 to 112. These financial statements are the responsibility of the
Company’s directors.
It is our responsibility to form an independent opinion, based on our audit, on the financial statements and to report our opinion
to you, as a body, in accordance with Section 174 of the Companies Act, 1965 and for no other purpose. We do not assume
responsibility to any other person for the content of this report.
We conducted our audit in accordance with applicable Approved Standards on Auditing in Malaysia. Those standards require
that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and significant estimates made by the directors, as
well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for
our opinion.
In our opinion:
(a) the financial statements have been properly drawn up in accordance with the provisions of the Companies Act, 1965 and
applicable Financial Reporting Standards in Malaysia so as to give a true and fair view of:
(i) the financial position of the Group and of the Company as at 31 December 2007 and of the results and the cash flows of
the Group and of the Company for the year then ended; and
(ii) the matters required by Section 169 of the Companies Act, 1965 to be dealt with in the financial statements; and
(b) the accounting and other records and the registers required by the Act to be kept by the Company and by its subsidiaries have
been properly kept in accordance with the provisions of the Act.
We are satisfied that the financial statements of the subsidiaries that have been consolidated with the financial statements of
the Company are in form and content appropriate and proper for the purposes of the preparation of the consolidated financial
statements and we have received satisfactory information and explanations required by us for those purposes.
The auditors’ reports on the financial statements of the subsidiaries were not subject to any qualification and did not include any
comment required to be made under Section 174(3) of the Act.
Kuantan, Pahang Darul Makmur, Malaysia
25 April 2008
NIK RAHMAT KAMARULZAMAN BIN NIK AB. RAHMAN
No. 1759/02/10 (J)
Partner
61
HANAFIAH RASLAN & MOHAMAD
AF: 0002
Chartered Accountants
INCOME
STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2007
Note
Group
Company
2007
RM
2006
RM
2007
RM
2006
RM
3
4
107,229,338
(56,442,400)
105,659,001
(72,771,641)
14,376,235
-
13,284,555
-
Gross profit
Other income
Administrative expenses
Other expenses
50,786,938
37,387,347
(15,975,199)
(31,336,585)
32,887,360
693,938
(17,528,715)
(5,030,536)
14,376,235
3,042,985
(3,502,390)
(1,416,630)
13,284,555
794,753
(5,943,852)
(1,250,098)
Operating profit
Finance costs
5
Share of (loss)/profit of associates
40,862,501
(9,244,350)
(241,116)
11,022,047
(6,657,373)
308,863
12,500,200
(7,138,638)
-
6,885,358
(3,243,367)
-
Profit before tax
Income tax expense
6
9
31,377,035
(4,972,696)
4,673,537
(3,422,630)
5,361,562
938,726
3,641,991
-
Profit for the year
26,404,339
1,250,907
6,300,288
3,641,991
Attributable to:
Equity holders of the Company
Minority interests
31,603,614
(5,199,275)
1,138,987
111,920
6,300,288
-
3,641,991
-
26,404,339
1,250,907
6,300,288
3,641,991
15.34
0.55
Revenue
Cost of sales
Earnings per share attributable to equity
holders of the Company (sen):
Basic, for profit for the year
10
62
The accompanying notes form an integral part of the financial statements.
BALANCE
SHEETS
AS AT 31 DECEMBER 2007
Note
2007
RM
2006
RM
(restated) 2007
RM
Company
2006
RM
12
13(a)
14
15
17
18
23
16
16,171,891 138,211,352 7,505,242 83,898 -
3,613,951 67,803,643 823,258 13,058,830 154,566,910 7,671,299 86,106 -
3,865,068 163,743,367 1,942,989 120,638 -
-
-
59,406,316 -
15,614,022 -
138,002
60,374,442
47,000,000
-
234,213,235 344,934,569 75,140,976 107,512,444
Current assets
Property development costs
Inventories
Trade receivables
Other receivables
Cash and bank balances
13(b)
19
20
21
24
147,106,809 15,676,819 63,617,953 23,078,593 27,010,892 89,467,922 12,509,432 57,566,740 27,819,302 25,919,608 -
-
-
219,111,986 5,437,354 260,440,296
6,500,402
276,491,066 213,283,004 224,549,340 266,940,698
TOTAL ASSETS
510,704,301 558,217,573 299,690,316 374,453,142
EQUITY AND LIABILITIES
Equity attributable to equity
holders of the Company
Share capital
31
Share premium
Retained earnings/ (Accumulated losses)
205,978,000 43,007,997 105,112,871 205,978,000 43,007,997 77,590,357 205,978,000 45,515,750 (27,073,090)
205,978,000
45,515,750
(30,365,378)
Shareholders’ equity
Minority interests
354,098,868 10,446,720 326,576,354 15,308,671 224,420,660 -
221,128,372
-
Total equity
364,545,588 341,885,025 224,420,660 221,128,372
25
26
32
1,864,802 69,812,347 73,878 1,592,817 152,937,015 3,672,424 -
64,561,002 -
151,163,101
-
71,751,027 158,202,256 64,561,002 151,163,101
Non-current liabilities
Retirement benefit obligations
Borrowings
Deferred tax liabilities
63
Current liabilities
Retirement benefit obligations
25
Borrowings
26
Trade payables
29
Other payables
30
Tax payable 27,378 31,386,985 25,634,186 14,004,270 3,354,867 24,887 25,512,865 22,387,978 8,683,735 1,520,827 -
19,762 -
9,801,331 887,561 18,725
1,255,383
887,561
74,407,686 58,130,292 10,708,654 2,161,669
Total liabilities
146,158,713 216,332,548 75,269,656 153,324,770
TOTAL EQUITY AND LIABILITIES
510,704,301 558,217,573 299,690,316 374,453,142
ASSETS
Non-current assets
Property, plant and equipment
Land held for property development
Investment properties
Prepaid land lease payments
Investments in subsidiaries
Investments in associates
Marketable securities
Intangible assets
Group
CONSOLIDATED
STATEMENT OF CHANGES IN EQUITY
Attributable to Equity Holders of the Company
Non-Distributable
Distributable
Share Share Retained Capital Premium Earnings RM RM RM At 1 January 2006
205,978,000
43,007,997
-
Total RM Minority Interests RM Total
RM
75,763,279
324,749,276
15,196,751
339,946,027
-
688,091 688,091 -
688,091
205,978,000 43,007,997 76,451,370 325,437,367 15,196,751
340,634,118
Profit for the year
-
At 31 December 2006 205,978,000 At 1 January 2007
205,978,000 Profit for the year
-
Dividends (Note 11)
-
Acquisition of interest
in a subsidiary
-
At 31 December 2007 205,978,000 -
1,138,987 1,138,987 111,920 1,250,907
43,007,997 77,590,357 326,576,354 15,308,671 341,885,025
43,007,997 77,590,357 326,576,354 15,308,671 341,885,025
-
31,603,614 31,603,614 (5,199,275)
26,404,339
-
(4,081,100)
(4,081,100)
-
(4,081,100)
-
-
-
337,324 337,324
43,007,997 105,112,871 354,098,868 10,446,720 364,545,588
Effects of adopting FRS 3
64
COMPANY
STATEMENT OF CHANGES IN EQUITY
Non-Distributable Share Share Accumulated Capital Premium Losses RM RM RM Total
RM
205,978,000 45,515,750 (34,007,369)
217,486,381
-
-
3,641,991 3,641,991
205,978,000 45,515,750 (30,365,378)
221,128,372
205,978,000 45,515,750 (30,365,378)
221,128,372
-
-
6,300,288 6,300,288
-
-
(3,008,000)
(3,008,000)
205,978,000 45,515,750 (27,073,090)
224,420,660
65
At 1 January 2006
Profit for the year
At 31 December 2006
At 1 January 2007
Profit for the year
Dividends (Note 11)
At 31 December 2007
CASH
FLOW STATEMENTS
2007
RM
Cash Flows From Operating Activities
Profit before taxation 31,377,035 Adjustments for:
Amortisation of prepaid land lease payments
2,208 Property, plant and equipment written off
51,492 Reversal of provision for doubtful debts
(191,855)
Bad debts recovered
-
Depreciation of property, plant and equipment
920,891 Depreciation of investment properties
166,057 Gain on disposal of investments
(34,392,919)
Loss/(gain) on disposal of land held
for property development
3,915 Gain on disposal of property, plant and equipment
(17,666)
Gain on disposal of property development costs
-
Impairment of property, plant and equipment
176,778 Reversal of impairment losses in inventories
-
Provision for impairment losses in
investments in marketable securities
330,093 Provision for impairment losses in investment in an associate
10,000 Provision for impairment losses in investments in subsidiaries
-
Reversal of provision for impairment losses in investments
-
Reversal of provision for impairment
losses in investments in marketable securities
(243,600)
Provision for doubtful debts
5,504,567 Impairment loss of goodwill 1,132,643 Impairment of land held for property development
20,116,367 Income from forfeited sales
-
Share of loss/(profit) of associated companies
241,116 Provision for retirement benefits
590,441 Interest expense
9,244,350 Interest income
(849,040)
Dividend income
(7,073,388)
66
Group
Company
2006
RM
2007
RM
2006
RM
4,673,537 5,361,562 3,641,991
2,208 2,760 (31,200)
(85,112)
968,418 39,968 (14,250)
-
-
-
-
17,364 -
(355,283)
17,365
-
(4,855,946)
(52,000)
(1,515,328)
-
(98,151)
-
-
-
-
-
-
-
-
-
-
330,093 -
3,419,957 (1,651,831)
279,559
(76,159)
(155,496)
244,471 -
-
(44,870)
(216,094)
568,974 6,657,373 (398,886)
(5,911,568)
-
-
-
-
-
-
-
7,138,638 (2,390,478)
(13,797,595)
48,690
3,243,367
(694,129)
(12,675,195)
Operating profit/(loss) before working capital changes
Increase in receivables
Increase in inventories
(Increase)/decrease in land held for development
Increase in property development costs
Increase in payables
27,099,485 (6,666,925)
(3,167,387)
(5,615,878)
(57,638,887)
7,389,590 (221,192)
(21,821,318)
(3,190,677)
4,670,438 (12,164,878)
1,996,395 (1,927,573)
(35,790,995)
-
-
-
9,250,115 (6,214,511)
(69,714,896)
2,094,321
Cash used in operations
Interest paid
Interest received
Taxes (paid)/recovered
Retirement benefits paid (38,600,002)
(2,110,855)
849,040 (4,954,267)
(315,965)
(30,731,232)
(6,657,373)
398,886 (279,956)
(90,806)
(28,468,453)
(5,143)
2,390,478 938,726 -
(73,835,086)
(3,243,367)
694,129
-
Net cash used in operating activities
(45,132,049)
(37,360,481)
(25,144,392)
(76,384,324)
CASH FLOW STATEMENTS
2007
RM
Group
2006
RM
2007
RM
Company
2006
RM
Cash Flows From Investing Activities
Acquisition of a subsidiary
Acquisition of an associate
Additional investment in marketable securities
Proceeds from disposal of investment
Purchase of property, plant and equipment
Proceeds from disposal of property, plant and equipment
Proceeds from disposal of land held for development
Proceeds from disposal of property development costs
Dividends received
(763,347)
-
-
41,068,863 (1,437,703)
49,723 1,851,154 -
5,169,931 -
(10,000)
(47,000,000)
32,249 (2,960,274)
52,000 8,411,168 203,512 4,254,050 -
-
-
31,411,168 -
-
-
-
1,116,900 (47,000,000)
-
Net cash generated from/(used in) investing activities
45,938,621 (37,017,295)
32,528,068 (47,000,000)
5,185,000 -
-
(246,000)
(2,779,836)
(6,000,000)
(157,494)
-
-
(5,420,000)
(3,008,000)
2,200,000 150,000,000 12,500,000 -
(4,238,899)
(22,000,000)
(79,231)
520,000 (4,631,012)
-
-
-
-
-
-
-
-
(18,724)
-
-
(5,420,000)
(3,008,000)
150,000,000
(10,000,000)
(17,688)
-
Net cash (used in)/generated from financing activities
(12,426,330)
134,270,858 (8,446,724)
139,982,312
Net (decrease)/increase in cash and cash equivalents
(11,619,758)
59,893,082 (1,063,048)
16,597,988
Cash and cash equivalents at beginning of year
19,579,503 (40,313,579)
6,500,402 (10,097,586)
7,959,745 19,579,503 5,437,354 6,500,402
Cash Flows From Financing Activities
Drawdown of term loan
Proceeds from issuance of Rainbow Exchangeable Bonds
Drawdown of revolving credits
Repayment of bankers’ acceptances
Repayment of borrowings
Repayment of revolving credits
Payment of hire purchase creditors
Proceeds from bankers’ acceptances
Fees on bonds issuance exercise
Interest paid
Dividends paid
Cash and cash equivalents at end of year (Note 24)
67
NOTES
TO THE FINANCIAL STATEMENTS
31 DECEMBER 2007
1. CORPORATE INFORMATION
The Company is a public limited liability company, incorporated and domiciled in Malaysia, and is listed on the Main Board
of Bursa Malaysia Securities Berhad. The registered office of the Company is located at 14th Floor, Kompleks Teruntum, Jalan
Mahkota, 25000 Kuantan, Pahang Darul Makmur.
The holding corporation of the Company is Perbadanan Kemajuan Negeri Pahang, a statutory body incorporated in Malaysia
under the Pahang State Enactment No. 12, 1965.
The principal activities of the Company are investment holding and provision of management services to the subsidiaries. The
principal activities of the subsidiaries are described in Note 17. There have been no significant changes in the nature of the
principal activities during the financial year.
The financial statements were authorised for issue by the Board of Directors in accordance with a resolution of the directors on
25 April 2008.
2. SIGNIFICANT ACCOUNTING POLICIES
2.1 Basis of Preparation
The financial statements comply with the provisions of the Companies Act, 1965 and applicable Financial Reporting
Standards (“FRSs”) in Malaysia. At the beginning of the current financial year, the Group and the Company had adopted
new and revised FRSs which are mandatory for financial periods beginning on or after 1 January 2007 as described
in Note 2.3.
The financial statements of the Group and of the Company have also been prepared on a historical cost basis.
The financial statements are presented in Ringgit Malaysia (RM).
2.2 Summary of Significant Accounting Policies
(a) Subsidiaries and Basis of Consolidation
(i) Subsidiaries
Subsidiaries are entities over which the Group has the ability to control the financial and operating policies so as to
obtain benefits from their activities. The existence and effect of potential voting rights that are currently exercisable
or convertible are considered when assessing whether the Group has such power over another entity.
68
In the Company’s separate financial statements, investments in subsidiaries are stated at cost less impairment
losses. On disposal of such investments, the difference between net disposal proceeds and their carrying amounts
is included in profit or loss.
(ii) Basis of consolidation
The consolidated financial statements comprise the financial statements of the Company and its subsidiaries as
at the balance sheet date. The financial statements of the subsidiaries are prepared for the same reporting date
as the Company.
Subsidiaries are consolidated from the date of acquisition, being the date on which the Group obtains control,
and continue to be consolidated until the date that such control ceases. In preparing the consolidated financial
statements, intragroup balances, transactions and unrealised gains or losses are eliminated in full. Uniform
accounting policies are adopted in the consolidated financial statements for like transactions and events in
similar circumstances.
NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2007
2. SIGNIFICANT ACCOUNTING POLICIES (CONT’D)
2.2 Summary of Significant Accounting Policies (Cont’d)
(a) Subsidiaries and Basis of Consolidation (Cont’d)
(ii) Basis of consolidation (Cont’d)
Acquisitions of subsidiaries are accounted for using the purchase method. The purchase method of accounting
involves allocating the cost of the acquisition to the fair value of the assets acquired and liabilities and contingent
liabilities assumed at the date of acquisition. The cost of an acquisition is measured as the aggregate of the fair
values, at the date of exchange, of the assets given, liabilities incurred or assumed, and equity instruments issued,
plus any costs directly attributable to the acquisition.
Any excess of the cost of the acquisition over the Group’s interest in the net fair value of the identifiable assets,
liabilities and contingent liabilities represents goodwill. Any excess of the Group’s interest in the net fair value of
the identifiable assets, liabilities and contingent liabilities over the cost of acquisition is recognised immediately in
profit or loss.
Minority interests represent the portion of profit or loss and net assets in subsidiaries not held by the Group. It
is measured at the minorities’ share of the fair value of the subsidiaries’ identifiable assets and liabilities at the
acquisition date and the minorities’ share of changes in the subsidiaries’ equity since then.
(b) Associates
Associates are entities in which the Group has significant influence and that is neither a subsidiary nor an interest in
a joint venture. Significant influence is the power to participate in the financial and operating policy decisions of the
investee but not in control or joint control over those policies.
Investments in associates are accounted for in the consolidated financial statements using the equity method of
accounting. Under the equity method, the investment in associate is carried in the consolidated balance sheet at
cost adjusted for post-acquisition changes in the Group’s share of net assets of the associate. The Group’s share of
the net profit or loss of the associate is recognised in the consolidated profit or loss. Where there has been a change
recognised directly in the equity of the associate, the Group recognises its share of such changes.
In applying the equity method, unrealised gains and losses on transactions between the Group and the associate
are eliminated to the extent of the Group’s interest in the associate. After application of the equity method, the
Group determines whether it is necessary to recognise any additional impairment loss with respect to the Group’s
net investment in the associate. The associate is equity accounted for from the date the Group obtains significant
influence until the date the Group ceases to have significant influence over the associate.
When the Group’s share of losses in an associate equals or exceeds its interest in the associate, including any long-term
interests that, in substance, form part of the Group’s net investment in the associates, the Group does not recognise
further losses, unless it has incurred obligations or made payments on behalf of the associate.
The most recent available audited financial statements of the associates are used by the Group in applying the equity
method. Where the dates of the audited financial statements used are not coterminous with those of the Group,
the share of results is arrived at from the last audited financial statements available and management financial
statements to the end of the accounting period. Uniform accounting polices are adopted for like transactions and
events in similar circumstances.
On disposal of such investments, the difference between net disposal proceeds and their carrying amounts is included
in profit or loss.
69
31 DECEMBER 2007
(c) Intangible Assets
Goodwill
Goodwill acquired in a business combination is initially measured at cost being the excess of the cost of business
combination over the Group’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities.
Following the initial recognition, goodwill is measured at cost less any accumulated impairment losses. Goodwill is not
amortised but instead, it is reviewed for impairment, annually or more frequently if events or changes in circumstances
indicate that the carrying value may be impaired. Gains and losses on the disposal of an entity include the carrying
amount of goodwill relating to the entity sold.
(d) Property, Plant and Equipment and Depreciation
All items of property, plant and equipment are initially recorded at cost. Subsequent costs are included in the asset’s
carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic
benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. The
carrying amount of the replaced part is derecognised. All other repairs and maintenance are charged to the income
statement during the financial period in which they are incurred.
Subsequent to recognition, property, plant and equipment are stated at cost less accumulated depreciation and any
accumulated impairment losses.
Construction work-in-progress is not depreciated. Depreciation of other property, plant and equipment is provided
for on a straight-line basis to write off the cost of each asset to its residual value over the estimated useful life, at the
following annual rates:
Buildings
Plant and machinery Motor vehicles Office equipment Office renovation
Furniture and fittings
Signboard
2%
10% - 20%
10% - 20%
10% - 20%
8% - 10%
10% - 20%
10%
The residual values, useful life and depreciation method are reviewed at each financial year- end to ensure that the
amount, method and period of depreciation are consistent with previous estimates and the expected pattern of
consumption of the future economic benefits embodied in the items of property, plant and equipment.
An item of property, plant and equipment is derecognised upon disposal or when no future economic benefits are
expected from its use or disposal. The difference between the net disposal proceeds, if any and the net carrying
amount is recognised in profit or loss and the unutilised portion of the revaluation surplus on that item is taken directly
to retained earnings.
70
(e) Investment Properties
Investment properties are properties which are held either to earn rental income or for capital appreciation or for both.
Such properties are measured at cost, including transaction costs.
Investment properties are derecognised when either they have been disposed of or when the investment property is
permanently withdrawn from use and no future economic benefit is expected from its disposal. Any gains or losses on
the retirement or disposal of an investment property are recognised in profit or loss in the year in which they arise.
The depreciation policy for investment properties is in accordance with that for depreciable property, plant and
equipment as described in Note 2.2(d).
31 DECEMBER 2007
(f) Land Held for Property Development and Property Development Costs
(i) Land Held for Property Development
Land held for property development consists of land where no development activities have been carried out or
where development activities are not expected to be completed within the normal operating cycle. Such land is
classified within non-current assets and is stated at cost less any accumulated impairment losses.
Land held for property development is reclassified as development properties at the point when development
activities have commenced and where it can be demonstrated that the development activities can be completed
within the normal operating cycle.
(ii) Property Development Costs
Property development costs comprise all costs that are directly attributable to development activities or that can
be allocated on a reasonable basis to such activities.
When the financial outcome of a development activity can be reliably estimated, property development revenue
and expenses are recognised in the income statement by using the stage of completion method. The stage of
completion is determined by the proportion that property development costs incurred for work performed to date
to the estimated total property development costs.
Where the financial outcome of a development activity cannot be reliably estimated, property development
revenue is recognised only to the extent of property development costs incurred that is probable will be recoverable,
and property development costs on properties sold are recognised as an expense in the period in which they are
incurred.
Any expected loss on a development project, including costs to be incurred over the defects liability period, is
recognised as an expense immediately.
Property development costs not recognised as an expense are recognised as an asset, which is measured at the
lower of cost and net realisable value.
The excess of revenue recognised in the income statement over billings to purchasers is classified as accrued
billings within trade receivables and the excess of billings to purchasers over revenue recognised in the income
statement is classified as progress billings within trade payables.
(g) Construction Contracts
Where the outcome of a construction contract can be reliably estimated, contract revenue and contract costs are
recognised as revenue and expenses respectively by using the stage of completion method. The stage of completion
is measured by reference to the proportion of contract costs incurred for work performed to date to the estimated
total contract costs.
Where the outcome of a construction contract cannot be reliably estimated, contract revenue is recognised to the
extent of contract costs incurred that it is probable will be recoverable. Contract costs are recognised as expenses in
the period in which they are incurred.
When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an
expense immediately.
When the total of costs incurred on construction contracts plus, recognised profits (less recognised losses), exceeds
progress billings, the balance is classified as amount due from customers on contracts. When progress billings exceed
costs incurred plus, recognised profits (less recognised losses), the balance is classified as amount due to customers
on contracts.
71
31 DECEMBER 2007
(h) Inventories
Inventories are stated at lower of cost and net realisable value.
Cost is determined using the first in, first out method. The cost of raw materials comprises cost of purchase. The
costs of finished goods and work-in-progress comprise raw materials, direct labour, other direct costs and appropriate
proportions of production overheads.
The cost of unsold properties comprises cost associated with the purchase of land, direct costs and appropriate
proportions of common costs.
Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of
completion and the estimated costs necessary to make the sale.
(i) Impairment of Non-Financial Assets
The carrying amounts of assets, other than investment property, construction contract assets, property development
costs and inventories are reviewed at each balance sheet date to determine whether there is any indication of
impairment. If any such indication exists, the asset’s recoverable amount is estimated to determine the amount of
impairment loss.
For goodwill, the recoverable amount is estimated at each balance sheet date or more frequently when indicators of
impairment are identified.
For the purpose of impairment testing of these assets, recoverable amount is determined on an individual asset basis
unless the asset does not generate cash flows that are largely independent of those from other assets. If this is the
case, recoverable amount is determined for the cash-generating unit (CGU) to which the asset belongs to. Goodwill
acquired in a business combination is, from the acquisition date, allocated to each of the Group’s CGUs, or groups
of CGUs, that are expected to benefit from the synergies of the combination, irrespective of whether other assets or
liabilities of the Group are assigned to those units or groups of units.
An asset’s recoverable amount is the higher of an asset’s or CGU’s fair value less costs to sell and its value in use. In
assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount
rate that reflects current market assessments of the time value of money and the risks specific to the asset. Where the
carrying amount of an asset exceeds its recoverable amount, the asset is considered impaired and is written down
to its recoverable amount. Impairment losses recognised in respect of a CGU or groups of CGUs are allocated first to
reduce the carrying amount of any goodwill allocated to those units or groups of units and then, to reduce the carrying
amount of the other assets in the unit or groups of units on a pro-rata basis.
72
An impairment loss is recognised in profit or loss in the period in which it arises, unless the asset is carried at a revalued
amount, in which case the impairment loss is accounted for as a revaluation decrease to the extent that the impairment
loss does not exceed the amount held in the asset revaluation reserve for the same asset.
Impairment loss on goodwill is not reversed in a subsequent period. An impairment loss for an asset other than goodwill
is reversed if, and only if, there has been a change in the estimates used to determine the asset’s recoverable amount
since the last impairment loss was recognised. The carrying amount of an asset other than goodwill is increased to its
revised recoverable amount, provided that this amount does not exceed the carrying amount that would have been
determined (net of amortisation or depreciation) had no impairment loss been recognised for the asset in prior years. A
reversal of impairment loss for an asset other than goodwill is recognised in profit or loss, unless the asset is carried at
revalued amount, in which case, such reversal is treated as a revaluation increase.
31 DECEMBER 2007
(j) Financial Instruments
Financial instruments are recognised in the balance sheet when the Group has become a party to the contractual
provisions of the instrument.
Financial instruments are classified as liabilities or equity in accordance with the substance of the contractual
arrangement. Interest, dividends, gains and losses relating to a financial instrument classified as a liability, are reported
as expense or income. Distributions to holders of financial instruments classified as equity are charged directly to
equity. Financial instruments are offset when the Group has a legally enforceable right to offset and intends to settle
either on a net basis or to realise the asset and settle the liability simultaneously.
(i) Cash and Cash Equivalents
For the purposes of the cash flow statements, cash and cash equivalents include cash on hand and at bank and
deposits at call which have an insignificant risk of changes in value, net of outstanding bank overdrafts.
(ii) Marketable Securities
Marketable securities are carried at the lower of cost and market value, determined on an aggregate basis. Cost
is determined on the weighted average basis while market value is determined based on quoted market values.
Increases or decreases in the carrying amount of marketable securities are credited or charged to the income
statement. On disposal of marketable securities, the difference between net disposal proceeds and the carrying
amount is charged or credited to the income statement.
(iii) Trade Receivables
Trade receivables are carried at anticipated realisable values. Bad debts are written off when identified. An estimate
is made for doubtful debts based on a review of all outstanding amounts as at the balance sheet date.
(iv)Trade Payables
Trade payables are stated at the fair value of the consideration to be paid in the future for goods and services
received.
(v) Interest Bearing Loans and Borrowings
All loans and borrowings are initially recognised at the fair value of the consideration received less directly
attributable transaction costs. After initial recognition, interest bearing loans and borrowings are subsequently
measured at amortised cost using the effective interest method.
(vi)Equity Instruments
Ordinary shares are classified as equity. Dividends on ordinary shares are recognised in equity in the period in
which they are declared.
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31 DECEMBER 2007
(k) Leases
(i) Classification
A lease is recognised as a finance lease if it transfers substantially to the Group all the risks and rewards incidental
to ownership. Leases of land and buildings are classified as operating or finance leases in the same way as leases
of other assets and the land and buildings elements of a lease of land and buildings are considered separately
for the purposes of lease classification. All leases that do not transfer substantially all the risks and rewards are
classified as operating leases.
(ii) Finance Leases - the Group as lessee
Assets acquired by way of hire purchase or finance leases are stated at an amount equal to the lower of their fair
values and the present value of the minimum lease payments at the inception of the leases, less accumulated
depreciation and impairment losses. The corresponding liability is included in the balance sheet as borrowings. In
calculating the present value of the minimum lease payments, the discount factor used is the interest rate implicit
in the lease, when it is practicable to determine; otherwise, the Company’s incremental borrowing rate is used.
Any initial direct costs are also added to the carrying amount of such assets.
Lease payments are apportioned between the finance costs and the reduction of the outstanding liability. Finance
costs, which represent the difference between the total leasing commitments and the fair value of the assets
acquired, are recognised in the profit or loss over the term of the relevant lease so as to produce a constant
periodic rate of charge on the remaining balance of the obligations for each accounting period.
The depreciation policy for leased assets is in accordance with that for depreciable property, plant and equipment
as described in Note 2.2(d).
(iii) Operating Leases - the Group as lessee
Operating lease payments are recognised as an expense on a straight-line basis over the term of the relevant
lease. The aggregate benefit of incentives provided by the lessor is recognised as a reduction of rental expense
over the lease term on a straight-line basis.
74
In the case of a lease of land and buildings, the minimum lease payments or the up-front payments made are
allocated, whenever necessary, between the land and the buildings elements in proportion to the relative fair
values for leasehold interests in the land element and buildings element of the lease at the inception of the lease.
The up-front payment represents prepaid lease payments and are amortised on a straight-line basis over the lease
term.
(l) Income Tax
Income tax on the profit or loss for the year comprises current and deferred tax. Current tax is the expected amount of
income taxes payable in respect of the taxable profit for the year and is measured using the tax rates that have been
enacted at the balance sheet date.
Deferred tax is provided for, using the liability method. In principle, deferred tax liabilities are recognised for all taxable
temporary differences and deferred tax assets are recognised for all deductible temporary differences, unused tax
losses and unused tax credits to the extent that it is probable that taxable profit will be available against which the
deductible temporary differences, unused tax losses and unused tax credits can be utilised. Deferred tax is not
recognised if the temporary difference arises from goodwill or negative goodwill or from the initial recognition of an
asset or liability in a transaction which is not a business combination and at the time of the transaction, affects neither
accounting profit nor taxable profit.
31 DECEMBER 2007
(l) Income Tax (Cont’d)
Deferred tax is measured at the tax rates that are expected to apply in the period when the asset is realised or the
liability is settled, based on tax rates that have been enacted or substantively enacted at the balance sheet date.
Deferred tax is recognised as income or an expense and included in the profit or loss for the period, except when it
arises from a transaction which is recognised directly in equity, in which case the deferred tax is also recognised directly
in equity, or when it arises from a business combination that is an acquisition, in which case the deferred tax is included
in the resulting goodwill or the amount of any excess of the acquirer’s interest is the net fair value of the acquiree’s
identifiable assets, liabilities and contingent liabilities over the cost of the combination.
(m)Employee Benefits
(i) Short Term Benefits
Wages, salaries, bonuses and social security contributions are recognised as an expense in the year in which the
associated services are rendered by employees. Short term accumulating compensated absences such as paid
annual leave are recognised when services are rendered by employees that increase their entitlement to future
compensated absences, and short term non-accumulating compensated absences such as sick leave are
recognised when the absences occur.
(ii) Defined Contribution Plans
Defined contribution plans are post-employment benefit plans under which the Group pays fixed contributions into
separate entities or funds and will have no legal or constructive obligation to pay further contributions if any of the
funds do not hold sufficient assets to pay all employee benefits relating to employee services in the current and
preceding financial years. Such contributions are recognised as an expense in the profit or loss as incurred. As
required by law, the Group and the Company make such contributions to the Employees Provident Fund (“EPF”).
(iii) Defined Benefit Plans
The Group operates an unfunded, defined benefit Retirement Benefit Scheme (“the Scheme”) for its eligible
employees. The Group’s obligation under the Scheme, calculated using the Projected Unit Credit Method, through
which the amount of benefit that employees have earned in return for their services in the current and prior years
is estimated. That benefit is discounted in order to determine its present value.
Actuarial gains and losses are recognised as income or expense over the expected average remaining working
lives of the participating employees when the cumulative unrecognised actuarial gains or losses for the Scheme
exceed 10% of the higher of the present value of the defined benefit obligation and the fair value of plan assets.
Past service costs are recognised as an expense on a straight-line basis over the average period until the benefits
become vested. If the benefits are already vested immediately following the introduction of, or changes to, a
pension plan, past service costs are recognised immediately.
The amount recognised in the balance sheet represents the present value of the defined benefit obligations
adjusted for unrecognised actuarial gains and losses and unrecognised past service costs, and reduced by the
fair value of plan assets. Any asset resulting from this calculation is limited to the net total of any unrecognised past
service costs and present value of any economic benefits in the form of refunds from the plan or reductions in
future contributions to the plan.
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31 DECEMBER 2007
(n) Revenue Recognition
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and the
revenue can be reliably measured. The following specific recognition criteria must also be met before revenue is
recognised:
(i) Sale of Properties
Revenue from sale of properties is accounted for by the stage of completion method as described in
Note 2.2(f)(ii).
(ii) Construction Contracts
Revenue from construction contracts is accounted for by the stage of completion method as described in
Note 2.2(g).
(iii) Sale of Goods
Revenue is recognised net of sales taxes and upon transfer of significant risks and rewards of ownership to the
buyer. Revenue is not recognised to the extent where there are significant uncertainties regarding recovery of the
consideration due, associated costs or the possible return of goods.
(iv)Revenue from Services
Revenue from services is recognised net of service taxes and discounts as and when the services are
performed.
(v) Dividend Income
Dividend income is recognised when the right to receive payment is established.
(vi)Rental Income
Rental income from investment property is recognised on a straight-line basis over the term of the lease.
(vii)Interest income
Interest income is recognised on an accrual basis using the effective interest method.
(viii)Management Fees
Management fees are recognised when services are rendered.
76
(o) Borrowing Costs
Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets
that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of
those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income
earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted
from the borrowing costs eligible for capitalisation.
All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
31 DECEMBER 2007
(p) Provisions
Provisions are recognised when the Group has a present obligation as a result of a past event and it is probable that
an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate
of the amount can be made. Provisions are reviewed at each balance sheet date and adjusted to reflect the current
best estimate. Where the effect of the time value of money is material, provisions are discounted using a current pretax rate that reflects, where appropriate, the risks specific to the liability. Where discounting is used, the increase in the
provision due to the passage of time is recognised as finance cost.
(q) Functional and Presentation Currency
The individual financial statements of each entity in the Group are measured using the currency of the primary
economic environment in which the entity operates (“the functional currency”). The consolidated financial statements
are presented in Ringgit Malaysia (RM), which is also the Company’s functional currency.
2.3 Changes in Accounting Policies and Effects Arising from Adoption of New and Revised FRSs
On 1 January 2007, the Group and the Company adopted the following revised FRSs and amendment to FRS:
FRS 117 : Leases
FRS 124
: Related Party Disclosure
Amendment to FRS 1192004 : Employee Benefits – Actuarial Gains and Losses, Group Plans and Disclosures
The MASB has also issued FRS 6: Exploration for and Evaluation of Mineral Resources which will be effective for annual
periods beginning on or after 1 January 2007. This FRS is, however, not applicable to the Company.
The adoption of the revised FRS 124 and Amendment to FRS 1192004 to give rise to additional disclosures but did not result
in significant changes in accounting policies of the Group and of the Company.
The principal changes in accounting policies and their effects resulting from the adoption of the revised FRS 117 are
discussed below:
(a) Leasehold land held for own use
Prior to 1 January 2007, leasehold land held for own use was classified as property, plant and equipment and was
stated at cost less accumulated depreciation and impairment losses. The adoption of the revised FRS 117 has resulted
in a change in the accounting policy relating to the classification of leases of land and buildings. Leases of land and
buildings are classified as operating or finance leases in the same way as leases of other assets and the land and
buildings elements of a lease of land and buildings are considered separately for the purposes of lease classification.
Leasehold land held for own use is now classified as operating lease and where necessary, the minimum lease
payments or the up-front payments made are allocated between the land and the buildings elements in proportion to
the relative fair values for leasehold interests in the land element and buildings element of the lease at the inception of
the lease. The up-front payment relating to the land element represents prepaid lease payments and are amortised
on a straight-line basis over the lease term.
77
31 DECEMBER 2007
2.3 Changes in Accounting Policies and Effects Arising from Adoption of New and Revised FRSs (Cont’d)
(a) Leasehold land held for own use (Cont’d)
The Group has applied the change in accounting policy in respect of leasehold land in accordance with the transitional
provisions of FRS 117. At 1 January 2007, the unamortised amount of leasehold land is retained as the surrogate
carrying amount of prepaid lease payments as allowed by the transitional provisions. The effects on the consolidated
balance sheet as at 31 December 2007 are set out below:
Decrease in property, plant and equipment
Increase in prepaid land lease payments
There were no effects on the consolidated income statement for the year ended 31 December 2007 and the
Company’s separate financial statements.
The reclassification of leasehold land as prepaid lease payments has been accounted for retrospectively and as such,
certain comparatives have been restated.
Previously Stated RM Adjustment RM Restated
RM
13,144,936 -
(86,106)
86,106 13,058,830
86,106
Group
Prepaid land lease payments
(b) Initial direct costs
(83,898)
83,898
78
2007
RM
Prior to 1 January 2007, the Group, as a lessor in operating lease arrangements, had recognised initial direct costs
incurred in negotiating and arranging leases as an expense in the profit or loss in the period in which they were incurred.
The revised FRS 117 requires such costs to be added to the carrying amount of the leased asset and recognised as an
expense over the lease term on the same basis as the lease income. According to the revised FRS 117, this change in
accounting policy should be applied retrospectively. In general, the Company does not incur significant initial direct
costs on negotiating and arranging leases and as a result, this change in accounting policy did not materially affect
the financial statements of the Company.
31 DECEMBER 2007
2.4 FRSs, Amendment to FRS and Interpretations Issued but Not Yet Effective
At the date of authorisation of these financial statements, the following new and revised FRSs, amendment to FRS and
Interpretations were issued but not yet effective and have not been applied by the Company:
FRSs, Amendment to FRS and Interpretations
Effective for financial
periods beginning
on or after
FRS 107
: Cash Flow Statements
1 July 2007
FRS 111
: Construction Contracts
1 July 2007
FRS 112
: Income Taxes
1 July 2007
FRS 118
: Revenue
1 July 2007
FRS 120
: Accounting for Government Grants and Disclosure
of Government Assistance
1 July 2007
FRS 134
: Interim Financial Reporting
1 July 2007
FRS 137
: Provisions, Contingent Liabilities and Contingent Assets
1 July 2007
FRS 139
: Financial Instruments: Recognition and Measurement
Deferred
Amendment to FRS 121 : The Effects of Changes in Foreign Exchange Rates
- Net Investment in a Foreign Operation
1 July 2007
IC Interpretation 1
: Changes in Existing Decommissioning, Restoration
and Similar Liabilities
1 July 2007
IC Interpretation 2
: Members’ Shares in Co-operative Entities and Similar Instruments
1 July 2007
IC Interpretation 5
: Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds
1 July 2007
IC Interpretation 6
: Liabilities arising from Participating in a Specific Market
- Waste Electrical and Electronic Equipment
1 July 2007
IC Interpretation 7
: Applying the Restatement Approach under FRS 1292004
- Financial Reporting in Hyperinflationary Economies
1 July 2007
IC Interpretation 8
: Scope of FRS 2 Share-based Payment
1 July 2007
The above FRSs, amendment to FRS and Interpretations are expected to have no significant impact to the financial
statements of the Group and the Company upon their initial application.
The Group and the Company is exempted from disclosing the possible impact, if any, to the financial statements upon the
initial application of FRS 139.
2.5 Significant Accounting Estimates and Judgements
(a) Critical Judgements Made in Applying Accounting Policies
There were no significant judgements made in applying the accounting policies of the Group which may have
significant effects on the amounts recognised in the financial statements.
(b) Key Sources of Estimation Uncertainty
The Key assumptions concerning the future and other key sources of estimation uncertainty at the balance sheet date,
that have a significant risk of causing material adjustment to the carrying amount of assets and liabilities within the next
financial year are discussed below :
(i) Depreciation of property, plant and equipment
The cost of plant and machinery is depreciated on a straight-line basis over the assets’ useful lives. Management
estimates the useful lives of these property, plant and equipment to be within 5 to 20 years. These are common
life expectancies applied for the assets owned by the Group. Changes in the expected level of usage and
technological developments would not significantly impact the economic useful lives and the residual values of
these assets, therefore the future depreciation charges would not vary significantly.
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31 DECEMBER 2007
2.5 Significant Accounting Estimates and Judgements (Cont’d)
(b) Key Sources of Estimation Uncertainty (Cont’d)
(ii) Property development
The Group recognises property development revenue and expenses in the income statement by using the stage
of completion method. The stage of completion is determined by the proportion that property development costs
incurred for work performed to date bear to the estimated total property development costs.
Significant judgement is required in determining the stage of completion, the extent of the property development
costs incurred, the estimated total property development revenue and costs, as well as the recoverability of the
development projects. In making the judgement, the Group evaluates based on past experience and by relying
on the work of specialists.
(iii) Impairment of goodwill
The Group determines whether goodwill is impaired at least on an annual basis. This requires an estimation of the
value-in-use of the cash-generating units (“CGU”) to which goodwill is allocated. Estimating a value-in-use amount
requires management to make an estimate of the expected future cash flows from the CGU and also to choose a
suitable discount rate in order to calculate the present value of those cash flows. The carrying amount of goodwill
as at 31 December 2007 was RM823,258.
3. REVENUE
Sale of properties
Project management fees
Construction contracts
Sale of goods
Management fees
Rental income
Dividend income
Sand mining income
80
2007 RM Group
Company
2006 RM 2007 RM 73,296,519 266,338 20,115,094 3,987,169 669,360 1,412,953 5,911,568 -
-
-
-
-
578,640 -
13,797,595 -
609,360
12,675,195
-
107,229,338 105,659,001 4. COST OF SALES
Property development costs (Note 13(b))
Additional costs for completed project
Cost of land held for property development sold (Note 13(a))
Cost of inventories sold
Cost of services rendered
Cost of construction contracts
Sand mining operations
14,376,235 13,284,555
33,481,302 47,553 1,855,070 9,977,373 704,420 9,799,460 577,222 37,526,067
5,810,454
9,376,577
538,737
19,519,806
-
56,442,400 72,771,641
76,704,714 186,614 9,736,768 9,726,107 875,720 1,972,970 7,073,388 953,057 2007 RM Group
2006
RM
2006
RM
31 DECEMBER 2007
2007 RM Group
Company
2006 RM 2007 RM 13,782 89,765 3,081,799 1,420,702 10,720 15,009 2,025,596 -
5,143 -
-
-
-
-
7,133,495 -
6,181
805,060
405,741
2,026,385
-
9,244,350 6,657,373 6. PROFIT BEFORE TAX
The following amounts have been included in arriving at profit before tax:
Group
2007 2006 RM RM Employee benefits expense (Note 7)
11,332,274 10,074,400 Non-executive directors’ remuneration (Note 8)
811,450 815,050 Auditors’ remuneration:
- Current year
133,000 127,000 - Underprovision in prior year
400 6,500 Provision for doubtful debts 5,504,567 244,471 Property, plant and equipment written off
51,492 2,760 Office rental
586,516 499,514 Rental income
(123,400)
-
Bad debts recovered
-
(85,112)
Reversal of impairment losses in inventories
-
(98,151)
Amortisation of prepaid
land lease payments (Note 15)
2,208 2,208 Income from forfeited sales
-
(44,870)
Depreciation of property,
plant and equipment (Note 12)
920,891 968,418 Depreciation of investment properties (Note 14)
166,057 39,968 Impairment loss of goodwill (Note 16)
1,132,643 -
Impairment of property, plant and equipment
176,778 -
Impairment of land held
for property development 20,116,367 -
investment in an associate
10,000 -
investments in subsidiaries
-
-
7,138,638 3,243,367
40,867 84,935 1,130,657 677,253 10,475 68,364 7,133,495 98,304 2007 RM Company
2006
RM
2006
RM
1,194,265 733,200 1,027,732
701,550
10,000 -
-
-
-
-
-
-
9,000
48,690
-
-
-
-
17,364 -
-
-
17,365
-
-
-
-
-
3,419,957 279,559
81
5. FINANCE COSTS
Interest expense on:
Hire purchase
Term loans Overdrafts Revolving credits
Bankers’ acceptances
Commitment fees
Rainbow Exchangeable Bonds
Other interests
31 DECEMBER 2007
6. PROFIT BEFORE TAX (CONT’D)
Interest income
Reversal of provision for impairment losses in investments in subsidiaries
Reversal of provision for impairment losses in
Reversal of provision for doubtful debts
Loss/(gain) on disposal of land held for development
Gain on disposal of property, plant and equipment
Gain on disposal of property development costs
Gain on disposal of investments
Reversal of provision for contingencies
7. EMPLOYEE BENEFITS EXPENSE
Wages and salaries
Social security contributions
Short-term accumulating compensated absences
Contributions to defined contribution plan
Pension costs - defined benefit plan (Note 25)
Other staff related expenses
2007 RM Group
Company
2006 RM 2007 RM 330,093 (849,040)
-
(398,886)
330,093 (2,390,478)
(694,129)
-
-
(1,651,831)
(76,159)
(243,600)
(191,855)
3,915 (17,666)
-
(34,392,919)
(1,781,682)
(155,496)
(31,200)
(4,855,946)
(52,000)
(1,515,328)
(14,250)
-
-
-
-
-
-
(355,283)
-
-
2007 RM 7,768,461 89,719 4,510 1,055,982 590,441 1,823,161 Group
2006 RM 2007 RM 6,609,635 81,304 96,236 873,300 568,974 1,844,951 386,017 18 -
58,080 -
750,150 Company
2006
RM
2006
RM
340,210
303
43,850
643,369
11,332,274
10,074,400 1,194,265 1,027,732
Included in employee benefits expense of the Group and of the Company are executive directors’ remuneration amounting
to RM866,356 (2006: RM514,380) and RM440,724 (2006: RM370,500) respectively as further disclosed in Note 8.
82
31 DECEMBER 2007
8. DIRECTORS’ REMUNERATION
Executive directors’ remuneration (Note 7):
Fees
Other emoluments
Company
2006 RM 2007 RM 164,000 702,356 142,880 371,500 20,000 420,724 20,000
350,500
866,356 514,380 440,724 370,500
Non-executive directors’ remuneration (Note 6):
Fees
Other emoluments
185,000 626,450 185,000 630,050 185,000 548,200 185,000
516,550
811,450 815,050 733,200 701,550
1,677,806 1,329,430 1,173,924 1,072,050
Group
Total directors’ remuneration
2006
RM
The number of directors of the Company whose total remuneration during the financial year fell within the following bands is
analysed below:
Executive directors:
RM350,001 - RM400,000
RM400,001 – RM500,000
Non-executive directors:
RM50,001 – RM100,000
RM100,001 – RM150,000
9. INCOME TAX EXPENSE
Income tax:
Malaysian income tax
Under/(overprovision) in prior years
Tax credit recognised during the year
Number of Directors
2007 2006
2007 RM Group
-
1
1
-
8
1
8
1
Company
2006 RM 2007 RM 2006
RM
8,566,486 4,756 -
3,351,731 (5,586)
(1,554)
(938,726)
-
-
-
Deferred tax (Note 32):
Relating to originating and reversal of
temporary differences
Relating to changes in tax rates
Underprovided in prior year
8,571,242 3,344,591 (938,726)
-
(3,586,248)
(3,665)
(8,633)
74,645 -
3,394 -
-
-
-
(3,598,546)
78,039 -
-
4,972,696 3,422,630 (938,726)
-
Total income tax expense
Domestic current income tax is calculated at the statutory tax rate of 27% (2006: 28%) of the estimated assessable profit
for the year. The domestic statutory tax rate will be reduced to 26% from the current year’s tax rate of 27%, effective year of
assessment 2008 and to 25% in subsequent years of assessment.
83
2007 RM NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2007
9. INCOME TAX EXPENSE (CONT’D.)
A reconciliation of income tax expense applicable to profit before taxation at the statutory income tax rate to income tax
expense at the effective income tax rate of the Group and of the Company is as follows:
Group
Profit before taxation
Taxation at Malaysian statutory tax rate of 27% (2006: 28%)
Effect of changes in tax rates on opening balance of deferred tax
Effect of income subject to tax rate of 20%*
Effect of income not subject to tax
Effect of expenses not deductible for tax purposes
Effect of utilisation of previously unrecognised tax losses
and unabsorbed capital allowances
Deferred tax assets not recognised in respect of current
year’s tax losses and unabsorbed capital allowances
(Over)/underprovision of deferred tax in prior year
Under/(overprovision) of income tax in prior year
Tax credit recognised in current year
84
Tax expense for the year
*
2006
RM
31,377,035 4,673,537
8,471,799 (2,245)
-
(9,671,216)
6,040,462 1,308,590
(6,420)
(25,772)
(74,051)
3,819,597
(695,565)
(1,812,622)
833,339 (8,634)
4,756 -
217,054
3,394
(5,586)
(1,554)
4,972,696 3,422,630
Certain subsidiaries with paid up capital less than RM2.5 million are eligible for this incentive.
Company
2007 RM 2006
RM
Profit before taxation
5,361,562 3,641,991
Taxation at Malaysian statutory tax rate of 27% (2006: 28%)
Effect of income not subject to tax
Effect of expenses not deductible for tax purposes
Deferred tax assets not recognised in respect of current year’s tax losses
1,447,622 (3,114,532)
727,736 448 1,019,757
(3,467,714)
2,447,492
465
(938,726)
-
Tax expense for the year
Tax savings during the financial year arising from:
2007 RM Utilisation of current year tax losses
Utilisation of previously unrecognised tax losses
2007 RM 1,550,339 44,272 Group
2006 RM 2007 RM 275,696 1,691,101 1,550,339 -
Company
2006
RM
275,696
-
31 DECEMBER 2007
10. EARNINGS PER SHARE
(a) Basic
Basic earnings per share amount is calculated by dividing profit for the year attributable to ordinary equity holders of the
Company by the weighted average number of ordinary shares in issue during the financial year.
2007 2006
Profit attributable to ordinary equity holders of the Company (RM)
31,603,614 1,138,987
Weighted average number of ordinary shares in issue (unit)
205,978,000 205,978,000
Basic earnings per share (sen)
15.34 0.55
(b) Diluted
No diluted earnings per share were presented as there were no potential dilutive ordinary shares outstanding as at 31
December 2007.
Dividends
in respect of Year 2007 2006 RM RM Dividends Recognised in Year
2007 2006
RM RM
-
3,008,000 3,008,000 -
-
1,073,100 1,073,100 -
-
4,081,100 Proposed for approval at AGM
(not recognised as at 31 December 2007)
First and final dividend for 2007:
2% less 26% taxation on 205,978,000 ordinary shares
(1.48 sen per ordinary share)
3,048,474 -
4,081,100 -
-
-
3,048,474 4,081,100 Company
4,081,100 -
3,008,000 -
Recognised during the year:
-
3,008,000 85
11. DIVIDENDS
Group
Recognised during the year:
Interim dividend for 2007: 15% less 27% taxation on 20,000,000 ordinary shares (11 sen per ordinary share)
31 DECEMBER 2007
11. DIVIDENDS (CONT’D)
Dividends
in respect of Year 2007 2006 RM RM Company
Proposed for approval at AGM
(not recognised as at 31 December 2007)
3,048,474 -
-
-
At the forthcoming Annual General Meeting, a final dividend in respect of the financial year ended 31 December 2007, of
2% less 26% taxation on 205,978,000 ordinary shares, amounting to a dividend payable of RM3,048,474 (1.48 sen net per
ordinary share) will be proposed for shareholders’ approval. The financial statements for the current financial year do not reflect
this proposed dividend. Such dividend, if approved by the shareholders, will be accounted for in equity as an appropriation of
retained earnings in the financial year ending 31 December 2008.
12. PROPERTY, PLANT AND EQUIPMENT
Buildings RM 86
Dividends Recognised in Year
2007 2006
RM RM
Construction
Work-in- Progress RM Plant and Machinery RM Other Assets* RM Total
RM
Group
Cost
At 1 January 2007
Additions
Disposals
Written off
10,785,856 19,699 -
-
-
-
-
2,237,500 -
-
1,670,716 712,365 -
-
-
6,847,814 1,324,714 -
(103,332)
(204,247)
19,304,386
2,056,778
2,237,500
(103,332)
(204,247)
At 31 December 2007
10,805,555 2,237,500 2,383,081 7,864,949 23,291,085
Accumulated depreciation
At 1 January 2007
Charge for the year (Note 6)
Disposals
Written off
Impairment losses
585,468 218,636 -
-
-
-
-
-
-
-
1,418,305 107,074 -
-
176,778 4,241,783 595,181 (71,276)
(152,755)
-
6,245,556
920,891
(71,276)
(152,755)
176,778
At 31 December 2007
804,104 -
1,702,157 4,612,933 7,119,194
Net carrying amount
At 31 December 2007
10,001,451 2,237,500 680,924 3,252,016 16,171,891
At 31 December 2007
31 DECEMBER 2007
12. PROPERTY, PLANT AND EQUIPMENT (CONT’D.)
Buildings RM Group (Cont’d)
At 31 December 2006
Cost
At 1 January 2006
2,933,686 Additions
2,884,347 Disposals
-
Written off
-
Reclassification
(441,941)
Transfer from inventory
5,409,764 10,785,856 Construction
Work-in- Progress RM Plant and Machinery RM Other Assets* RM Total
RM
-
-
-
-
-
-
1,228,775 -
-
-
441,941 -
7,064,343 75,927 (229,598)
(62,858)
-
-
11,226,804
2,960,274
(229,598)
(62,858)
5,409,764
-
1,670,716 6,847,814 19,304,386
At 31 December 2006
At 1 January 2006
Disposals
Written off
Reclassification
448,151 181,512 -
-
(44,195)
-
-
-
-
-
1,194,381 179,729 -
-
44,195 3,924,302 607,177 (229,598)
(60,098)
-
5,566,834
968,418
(229,598)
(60,098)
-
At 31 December 2006
585,468 -
1,418,305 4,241,783 6,245,556
Net carrying amount
At 31 December 2006
10,200,388 -
252,411 2,606,031 13,058,830
*
Other assets consist of office renovation, furniture and fittings, office equipment, motor vehicles and signboard.
Office Equipment RM Motor Vehicle RM Total
RM
8,300 157,051 165,351
1,802 1,660 25,547 15,704 27,349
17,364
At 31 December 2007
3,462 41,251 44,713
Net carrying amount
At 31 December 2007
4,838 115,800 120,638
87
Company
At 31 December 2007
Cost
At 1 January 2007/31 December 2007
At 1 January 2007
31 DECEMBER 2007
12. PROPERTY, PLANT AND EQUIPMENT (CONT’D.)
88
Office Equipment RM Motor Vehicle RM Total
RM
Company (Cont’d)
At 31 December 2006
Cost
At 1 January 2006/31 December 2006
8,300 157,051 165,351
At 1 January 2006
142 1,660 9,842 15,705 9,984
17,365
At 31 December 2006
1,802 25,547 27,349
Net carrying amount
At 31 December 2006
6,498 131,504 138,002
(a) During the financial year, the Group acquired property, plant and equipment at aggregate costs of RM2,056,778 (2006:
RM2,960,274) of which RM 745,163 (2006: RM Nil) were acquired by means of hire purchase. Net carrying amounts of
property, plant and equipment held under hire purchase arrangements are as follows:
Motor vehicles
Plant and machineries
369,164 501,417 395,510
-
870,581 395,510
2007 RM Group
2006
RM
(b) Part of the leasehold building of a subsidiary with carrying value amounting to RM157,765 (2006: RM162,993) is pledged
to financial institutions for credit facilities granted to the subsidiary as detailed in Note 26.
(c) Included in property, plant and equipment of the Group are fully depreciated assets which are still in use costing RM3,195,922
(2006: RM2,991,632).
13. LAND HELD FOR PROPERTY DEVELOPMENT AND PROPERTY DEVELOPMENT COSTS
(a) Land held for property development
Freehold Land RM Leasehold Land RM Total
RM
55,937,903 21,289,770 (1,855,070)
7,389,096 (24,279,145)
98,629,007 1,378,336 -
-
(162,178)
154,566,910
22,668,106
(1,855,070)
7,389,096
(24,441,323)
58,482,554 99,845,165 158,327,719
Group
At 31 December 2007
Cost
At 1 January 2007
Additions
Disposals
Transfer from property development costs (Note 13(b))
Transfer to property development costs (Note 13(b))
At 31 December 2007
31 DECEMBER 2007
13. LAND HELD FOR PROPERTY DEVELOPMENT AND PROPERTY DEVELOPMENT COSTS (CONT’D)
(a) Land held for property development (Cont’d)
Freehold Leasehold Land Land RM RM Group (Cont’d)
At 31 December 2007
Accumulated impairment losses
At 1 January 2007
Impairment loss for the year At 31 December 2007
Carrying amount at 31 December 2007
-
-
-
20,116,367 -
20,116,367
20,116,367
20,116,367
58,482,554 79,728,798 138,211,352
69,223,368 1,625,372 (5,187,281)
(9,723,556)
93,569,202 8,751,681 (623,173)
(3,068,703)
162,792,570
10,377,053
(5,810,454)
(12,792,259)
At 31 December 2006
55,937,903 98,629,007 154,566,910
Carrying amount at 31 December 2006
55,937,903 98,629,007 154,566,910
Leasehold Development land costs RM RM Total
RM
At 31 December 2006
Cost
At 1 January 2006
Additions
Disposals
Transfer to property development costs (Note 13(b))
(b) Property development costs
Group
At 31 December 2007
Cumulative property development costs
At 1 January 2007
Costs incurred during the year
Transfer from land held for property
development (Note 13(a))
Reclassification
Transfer to land held for
property development (Note 13(a))
Unsold units transferred to inventories
Reversal of completed projects
At 31 December 2007
Freehold land RM 19,997,147 2,087,931 34,550,996 3,087,741 119,636,799 74,111,021 174,184,942
79,286,693
24,279,145 (24,279,145)
162,178 -
-
24,279,145 24,441,323
-
(7,389,096)
-
-
-
(178,385)
(1,344,539)
-
(5,040,346)
(7,602,900)
(7,389,096)
(5,218,731)
(8,947,439)
14,695,982 36,277,991 205,383,719 256,357,692
89
Total
RM
31 DECEMBER 2007
(b) Property development costs (Cont’d)
Group (Cont’d)
At 31 December 2007
Freehold land RM Cumulative costs recognised in income statement
At 1 January 2007
(3,004,923)
Recognised during the year (Note 4)
-
-
At 31 December 2007
(3,004,923)
Leasehold Development land costs RM RM (826,585)
(2,002,531)
1,344,539 (80,885,512)
(31,478,771)
7,602,900 (84,717,020)
(33,481,302)
8,947,439
(1,484,577)
(104,761,383)
(109,250,883)
Property development costs at 31 December 2007
11,691,059 34,793,414 100,622,336 At 31 December 2006
Cumulative property development costs
At 1 January 2006
7,523,984 33,191,680 147,785,562 Costs incurred during the year
2,780,508 7,248,110 37,932,996 Transfer from inventories
204,853 -
-
Transfer from land held for property
development (Note 13(a))
9,723,556 3,068,703 -
Unsold units transferred to inventories
-
(114,143)
(4,802,051)
(204,853)
(6,596,311)
(52,402,482)
Disposal of project during the year
(30,901)
(1,873,624)
(2,930,393)
Unsold units transferred to investment properties
-
(373,419)
(5,946,833)
90
At 31 December 2006
Total
RM
147,106,809
188,501,226
47,961,614
204,853
12,792,259
(4,916,194)
(59,203,646)
(4,834,918)
(6,320,252)
19,997,147 34,550,996 119,636,799 174,184,942
Cumulative costs recognised in income statement
At 1 January 2006
(98,249)
Recognised during the year (Note 4)
(2,906,674)
Transfer from inventories
(204,853)
204,853 (5,126,603)
(2,296,293)
-
6,596,311 (100,964,894)
(32,323,100)
-
52,402,482 (106,189,746)
(37,526,067)
(204,853)
59,203,646
(3,004,923)
(826,585)
(80,885,512)
(84,717,020)
16,992,224 33,724,411 38,751,287 89,467,922
At 31 December 2006
at 31 December 2006
31 DECEMBER 2007
The freehold land and leasehold land of certain subsidiaries with a carrying value of RM42,408,934 (2006: RM16,421,913) have
been charged as security for short term borrowings.
Titles to leasehold land of a subsidiary with a carrying value of RM1,066,973 (2006: RM2,043,109) are registered under the
name of its holding corporation. The transfer of the title will be done upon the completion of the properties development.
The title of leasehold land held for development of a subsidiary with a carrying value of RM27,324,277 (2006: RM27,427,232) is
still pending transfer to the subsidiary’s name from the ultimate holding corporation, Perbadanan Kemajuan Negeri Pahang.
The title of freehold land held for development of a subsidiary with a carrying value of RM19,582,312 (2006: RM7,389,096) is
still pending transfer to the subsidiary’s name from the vendor.
2007 RM Group
2006
RM
Buildings
Cost
At 1 January Transfer from property development costs (Note 13(b))
8,354,382 -
2,034,130
6,320,252
At 31 December 8,354,382 8,354,382
At 1 January Charge for the year (Note 6)
683,083 166,057 643,115
39,968
At 31 December 849,140 683,083
7,505,242 7,671,299
Net carrying amount
At 31 December 15. PREPAID LAND LEASE PAYMENTS
At 1 January
Amortisation for the year (Note 6)
2007 RM Group
2006
RM
86,106 (2,208)
88,314
(2,208)
At 31 December
83,898 86,106
Analysed as:
Long term leasehold land
83,898 86,106
The long term leasehold land of the Group was pledged to a licensed bank for credit facility granted to a subsidiary. The credit
facility was fully settled during the year.
91
14. INVESTMENT PROPERTIES
31 DECEMBER 2007
16. INTANGIBLE ASSETS
Group
2006
RM
Goodwill
Cost
At 1 January
Effects of adopting FRS 3 Arising from acquisition of a subsidiary (Note 17)
4,564,733 -
12,912 3,552,818
1,011,915
-
At 31 December
4,577,645 4,564,733
Accumulated amortisation and impairment
At 1 January Effects of adopting FRS 3 Impairment loss (Note 6)
2,621,744 -
1,132,643 2,297,931
323,813
-
At 31 December
3,754,387 2,621,744
823,258 1,942,989
Net carrying amount
At 31 December 17. INVESTMENTS IN SUBSIDIARIES
Unquoted shares at cost
Less: Accumulated impairment losses
92
2007 RM 2007 RM 81,624,753 (22,218,437)
Company
2006
RM
80,824,755
(20,450,313)
59,406,316 60,374,442
Details of the subsidiaries are as follows:
Proportion of
Name of
Country of Ownership
Subsidiaries
Incorporation
Principal activities
2007 2006
%
%
Pasdec Corporation Sdn. Bhd.
Malaysia
Property development, project 100
100
management and provision of
management services
Kuantan Tembeling Malaysia
Property development and 100
100
Resort Sdn. Bhd.
management of resort and
condominium
Malaysia
Property development
100
100
Malaysia
Trading of building materials,
100
100
hiring of machineries and to
engage in construction business
Kimdec Corporation Sdn. Bhd. Malaysia
51
51
31 DECEMBER 2007
17. INVESTMENTS IN SUBSIDIARIES (CONT’D)
Proportion of
Name of
Country of Ownership
Subsidiaries
Incorporation
Principal activities
2007 2006
%
%
Kuantan Bricks Sdn. Bhd.*
Malaysia
Bricks manufacturing
100
100
Sumbangan Sakti Sdn. Bhd.
Malaysia
100
100
Malaysia
100
100
Pasdec Pintas Sdn. Bhd.
Malaysia
Dormant
70
70
Pasdec Putra Sdn. Bhd.**
Malaysia
100
100
Malaysia
Dormant
100
100
Pahang Aircraft Industries
Malaysia
Manufacturing, selling and leasing
Sdn. Bhd.***
of aircraft and related components
100
100
Pasdec Trading Sdn. Bhd.***
Malaysia
Trading of building materials and 100
provision of insurance services
Bentong Aquarium &
Malaysia
Operator of aquarium and theme park 70
* Subsidiary of Pasdec Bina Sdn. Bhd. The auditors’ report of this company refers to the going concern assumption and that
the company is dependent upon the financial support of the Company. The report is not qualified.
** Subsidiary of Pasdec Corporation Sdn. Bhd..
*** Subsidiary of Mutiara Pasdec Sdn. Bhd..
On 23 July 2007, the Company subscribed to 800,000 ordinary shares of RM1.00 each representing 70% equity interest in
Bentong Aquarium & Sanctuary Park Sdn. Bhd. pursuant to a Joint Venture Agreement dated 28 January 2006.
The effects of the acquisition on the financial position of the Group as at 31 December 2007 is as follows:
Other debtor
Other payables
Minority interests
Group’s share of net assets
RM
2,237,500
32,982
400
(1,159,843)
(33,312)
1,077,727
93
31 DECEMBER 2007
17. INVESTMENTS IN SUBSIDIARIES (CONT’D)
The fair value of the assets acquired and liabilities assumed from the acquisition of the subsidiary is as follows:
Fair value Acquiree’s
recognised on carrying
acquisition amount
RM RM
Net assets acquired:
2,237,500 2,237,500
Other receivables
400 400
36,653 36,653
Other payables
(1,150,141)
(1,150,141)
Fair value of net assets
Less: Minority interests
Group’s share of net assets
Goodwill on consolidation (Note 16)
787,088 12,912
Total cost of acquisition
800,000 Net cash outflow arising from acquisition:
Cash and cash equivalents of subsidiary
Cash consideration paid
36,653 (800,000)
(763,347)
18. INVESTMENTS IN ASSOCIATES
94
1,124,412 (337,324)
2007 RM 1,124,412
Group
2006
RM
In Malaysia:
Unquoted shares, at cost
Share of post-acquisition reserves
1,270,000 2,413,951 1,270,000
2,655,068
3,683,951 (70,000)
3,925,068
(60,000)
3,613,951 3,865,068
Represented by:
Share of net assets
3,613,951 3,865,068
31 DECEMBER 2007
18. INVESTMENTS IN ASSOCIATES (CONT’D)
Details of the associates are as follows:
Name of Country of Principal Proportion of Proportion of
Associates
Incorporation
ActivitiesOwnership Interest Voting Power
2007 2006 2007 2006
% %
%
%
Prima Prai Malaysia
Property
20 20 20 20
Sdn. Bhd.
development
Genting View Malaysia
Developer
40 40 40 40
Resort and contractor
Development
Sdn. Bhd.
Pasdec Malaysia
Dormant
40 -
40 Cempaka Sdn. Bhd.
The financial statements of the above associates are coterminous with those of the Group, except for Prima Prai Sdn. Bhd.
which has a financial year end of 31 March. For the purpose of applying the equity method of accounting, the management
accounts of Prima Prai Sdn. Bhd. for the period ended 31 December 2007 have been used.
19. INVENTORIES
Properties held for sale
Land
Finished goods
Diesel and lubricant
20. TRADE RECEIVABLES
Trade receivables
Construction contracts:
Due from customers (Note 22)
Retention sum receivables (Note 22)
Progress billings receivable
Accrued billings in respect of property development costs
Less: Provision for doubtful debts
2007 RM Group
2006
RM
14,526,266 950,493 166,699 33,361 11,177,787
1,133,296
188,353
9,996
15,676,819 12,509,432
2007 RM Group
2006
RM
31,675,347 31,732,190
483,708 -
30,522,865 3,844,170 795,225
1,386,740
26,517,962
-
66,526,090 (2,908,137)
60,432,117
(2,865,377)
63,617,953 57,566,740
The Group’s primary exposure to credit risk arises through its trade receivables. The Group’s trading terms with its customers are
mainly on credit. The credit term is generally for a period of 30 to 120 days. The Group seeks to maintain strict control over its
outstanding receivables and has a credit control department to minimise credit risk. Overdue balances are reviewed regularly
by senior management. In view of the aforementioned and the fact that the Group’s trade receivables relate to a large
number of diversified customers, there is no significant concentration of credit risk. Trade receivables are non-interest bearing.
95
31 DECEMBER 2007
21. OTHER RECEIVABLES
Amount due from related parties:
Subsidiaries
Holding corporation Related companies
2007 RM Group
Company
2006 RM 2007 RM 2006
RM
-
28,784,578 24,087,041 -
29,513,584 21,545,498 207,734,256 25,646,748 4,022,499 249,406,604
25,703,442
4,022,499
Deposit
Prepayments
Sundry receivables
52,871,619 551,450 557,969 5,191,195 51,059,082 526,761 497,897 6,559,245 237,403,503 -
120,303 1,489,955 279,132,545
327,083
882,444
Less: Provision for doubtful debts
59,172,233 (36,093,640)
58,642,985 (30,823,683)
239,013,761 (19,901,775)
280,342,072
(19,901,776)
23,078,593 27,819,302 219,111,986 260,440,296
Amounts due from subsidiaries amounting to RM27,146,414 (2006: RM71,124,327) bear interest of 6% (2006: 6%) per annum
and are repayable on demand. The amounts are unsecured and are to be settled in cash.
The remaining amounts due from related parties of the Group and of the Company are non-interest bearing and repayable
on demand. These amounts are unsecured and are to be settled in cash.
22. DUE FROM/(TO) CUSTOMERS ON CONTRACTS
Construction costs incurred todate
Attributable profits
21,663,502 247,931 11,396,219
297,425
Less : Progress billings
21,911,433 (21,427,725)
11,693,644
(10,930,132)
483,708 763,512
483,708 -
795,225
(31,713)
483,708 763,512
-
1,386,740
Due from customers on contract (Note 20)
Due to customers on contract
96
Retention sum on contracts, included within trade receivables (Note 20)
2007 RM Group
2006
RM
31 DECEMBER 2007
23. MARKETABLE SECURITIES
At cost:
Shares quoted in Malaysia
Unit trusts quoted in Malaysia
Shares quoted in Malaysia
Market value of: Shares quoted in Malaysia
2007 RM Group
Company
2006 RM 2007 RM 2006
RM
51,720,296 17,030,218 116,517,642 48,086,103 -
15,944,115 47,000,000
68,750,514 164,603,745 15,944,115 47,000,000
(14,670)
(932,201)
(194,252)
(666,126)
-
(330,093)
-
(946,871)
(860,378)
(330,093)
-
67,803,643 163,743,367 15,614,022 47,000,000
143,380,214 16,098,017 228,385,139 39,414,809 -
15,614,022 38,994,832
159,478,231 267,799,948 15,614,022 38,994,832
Certain investments in quoted shares by a subsidiary with carrying amount of RM Nil (2006: RM2,207,667) are pledged to
financial institutions for term loan facilities granted to the subsidiary.
Investments in Road Builder (M) Holdings Berhad and YTL Cement Berhad with a carrying amount of RM33,225,370 (2006:
RM73,531,551) by a subsidiary are pledged to financial institutions for issuance of RM150 million Rainbow Exchangeable Bonds
(“REBs”) (Note 28).
Certain investments in quoted shares by a subsidiary with carrying amount of RM18,389,423 (2006: RM Nil) are pledged to
banks for certain facilities granted to a related company.
2007 RM Group
Company
2006 RM 2007 RM 2006
RM
7,751,042 19,259,850 18,048,218 7,871,390 121,568 5,315,786 105,264
6,395,138
27,010,892 25,919,608 5,437,354 6,500,402
Included in cash at banks of the Group is an amount of RM6,393,859 (2006: RM3,523,453) held pursuant to Section 7A of the
Housing Development (Control and Licensing) Act 1966 and therefore restricted from use in other operations.
Deposits with licensed banks of the Group amounting to RM13,828,562 (2006: RM1,290,665) are pledged to banks for credit
facilities granted to certain subsidiaries (Note 26).
Other information on financial risks of cash and cash equivalents are disclosed in Note 35.
97
24. CASH AND CASH EQUIVALENTS
Cash on hand and at banks
Deposits with licensed banks
31 DECEMBER 2007
24. CASH AND CASH EQUIVALENTS (CONT’D)
For the purpose of the cash flow statements, cash and cash equivalents comprise the following as at the balance sheet
date:
Group
Company
2007 2006 2007 2006
RM RM RM RM
27,010,892 25,919,608 5,437,354 6,500,402
Bank overdrafts (Note 26)
(19,051,147)
(6,340,105)
-
Total cash and cash equivalents
7,959,745 19,579,503 5,437,354 6,500,402
25. RETIREMENT BENEFIT OBLIGATIONS
The Group operates an unfunded, defined benefit Retirement Benefit Scheme (“the Scheme”) for its eligible employees. Under
the Scheme, eligible employees are entitled to retirement benefits with 7.5% of final salary multiplied by plan service with
maximum of 300 months payable on attainment of the early retirement age of 40 upon completion of 10 or more years of
plan service or retirement age of 56.
(i) Balance Sheet
The amounts recognised in the balance sheets are determined as follows:
98
2007 RM Group
2006
RM
Present value of funded defined benefit obligations
Unrecognised transition obligation
Unrecognised actuarial losses
2,997,574 (397,840)
(707,554)
2,199,627
(581,923)
-
Net liability
Analysed as:
Current
1,892,180 1,617,704
27,378 24,887
Non-current:
Later than 1 year but not later than 2 years
Later than 2 years but not later than 5 years
152,755 1,712,047 34,277
1,558,540
1,864,802 1,592,817
1,892,180 1,617,704
The movement in the present value of the defined benefit obligations over the year is as follows:
At 1 January
Current service cost
Interest cost
Amortisation of transitional liability
Benefits paid At 31 December
2007 RM 2006
RM
1,617,704 233,400 143,634 213,407 (315,965)
1,139,536
216,813
123,721
228,440
(90,806)
1,892,180 1,617,704
31 DECEMBER 2007
25. RETIREMENT BENEFIT OBLIGATIONS (CONT’D)
(ii) Income Statement
The amounts recognised in the income statement are as follows:
Current service cost
Interest cost
Amortisation of transitional liability
2007 RM Group
2006
RM
233,400 143,634 213,407 216,813
123,721
228,440
Total, included in employee benefits expense (Note 7)
590,441 All of the Group’s contribution to defined benefit plan has been included in administrative expenses.
568,974
(iii) Actuarial Assumptions
The principal assumptions used for the purposes of the actuarial valuations were as follows:
2007 2006
%
%
Discount rate
7.0 7.0
Expected rate of salary increases
5.0 5.0
Actuarial valuation for the Scheme is conducted by an independent actuary at regular intervals. The last valuation
performed for the Scheme was on 24 January 2006.
Assumptions regarding future mortality are based on published statistics and mortality tables. The average life expectancy
of an individual retiring at age 56.
(iv)Historical Information
The history of experience adjustments is as follows:
Present value of defined benefit obligations
2007 RM 2006
RM
1,892,180 1,617,704
99
31 DECEMBER 2007
26. BORROWINGS
18,412,135 6,500,000 274,000 5,374,880 135,170 2,779,916 12,500,000 520,000 6,082,110 -
-
-
-
-
-
-
30,696,185 21,882,026 -
-
639,012 51,788 3,560,189 70,650 -
19,762 18,725
690,800 3,630,839 19,762 18,725
31,386,985 25,512,865 19,762 18,725
4,858,025 64,485,714 347,085 1,745,628 151,068,052 -
-
64,485,714 -
151,068,052
-
69,690,824 152,813,680 64,485,714 151,068,052
121,523 123,335 75,288 95,049
69,812,347 152,937,015 64,561,002 151,163,101
Total Borrowings
Bankers’acceptances
Bank overdrafts (Note 24)
Revolving credits
Term loans Rainbow Exchangeable Bonds (Note 28)
Hire purchase liabilities (Note 27)
274,000 19,051,147 6,500,000 10,232,905 64,485,714 655,566 520,000 6,340,105 12,500,000 7,827,738 151,068,052 193,985 -
-
-
-
64,485,714 95,050 151,068,052
113,774
101,199,332 178,449,880 64,580,764 151,181,826
31,195,777 3,821,025 1,041,250 64,485,714 26,042,215 785,628 360,000 151,068,052 -
-
-
64,485,714 151,068,052
100,543,766 178,255,895 64,485,714 151,068,052
Short Term Borrowings
Secured:
Bank overdrafts
Revolving credits
Term loans Hire purchase liabilities (Note 27)
Unsecured:
Bank overdrafts
Long Term Borrowings
Secured:
Term loans
Rainbow Exchangeable Bonds (Note 28)
Company
2007 RM 100
Group
2006 RM Unsecured:
Maturity of borrowings:
(excluding hire purchase):
Within one year
More than 1 year and less than 2 years
More than 2 years and less than 5 years
More than 5 years
2007 RM 2006
RM
31 DECEMBER 2007
26. BORROWINGS (CONT’D)
The bank overdrafts and bankers’ acceptances of the Group are secured against the land registered under the name of the
holding corporation, first legal charge over long term leasehold land and building of certain subsidiaries, fixed and floating
charges over certain assets of subsidiaries, joint and several guarantee by the directors of a corporate shareholder of a
subsidiary and corporate guarantee by a subsidiary and the Company.
The secured revolving credits of the Group are for a period of six months and are secured against fixed legal charge over
certain freehold land of a subsidiary, proportionate corporate guarantee by the Company of up to 51% and joint and several
guarantee by the directors of a corporate shareholder.
The term loans are secured by the following:
(a)
(b)
(c)
(d)
The Rainbow Exchangeable Bonds of the Group and of the Company are secured against part of the marketable securities as
disclosed in Note 23.
The secured hire purchase liabilities of the Group are secured against corporate guarantee by a subsidiary company.
First legal charge over the freehold land and leasehold land of certain subsidiaries as disclosed in Note 13;
Fixed and floating charges over certain assets of subsidiaries;
Joint and several guarantee by the directors of a corporate shareholder of the respective subsidiary; and
Corporate guarantee by a subsidiary and the Company.
Group
Company
2006 RM 2007 RM 230,747 506,542 79,089 135,068 23,868 81,490 23,868
105,358
Less: Future finance charges
737,289 (81,723)
214,157 (20,172)
105,358 (10,308)
129,226
(15,452)
Present value of lease liabilities
655,566 193,985 95,050 113,774
Analysed as:
Due within 12 months (Note 26)
Due after 12 months (Note 26)
186,958 468,608 70,650 123,335 19,762 75,288 18,725
95,049
655,566 193,985 95,050 113,774
2007 RM 2006
RM
101
27. HIRE PURCHASE PAYABLES
Minimum lease payments:
Not later than 1 year
Later than 1 year and not later than 5 years
31 DECEMBER 2007
28. RAINBOW EXCHANGEABLE BONDS
On 15 November 2006, the Company issued RM150 million Rainbow Exchangeable Bonds (“REBs”) at 100% of its nominal
value comprising two series as follows:
(i) Series I - up to RM15 million REBs or such other amount exchangeable into 4,792,333 or such other appropriate number
of ordinary shares in Road Builder (M) Holdings Berhad (“RBH”) (“Exchange Shares”); and
(ii) Series II - up to RM135 million REBs or such other amount exchangeable into 40,785,500 or such other appropriate
number of ordinary shares in YTL Cement Berhad (“Exchange Shares”).
The salient features of REBs issued by the Company are as follows:
(a) The tenors of the of Series I and II are 5 and 7 years respectively.
(b) The REBs carry an interest or coupon rate of five percent per annum for both of the REBs series and payable semi-annually
in arrears from the date of issue of the REBs, with the last coupon payment to be made on the respective maturity dates.
(c) Each REB entitles the REBs holders to exchange for one Exchange Share at the Exchange Price which is indicatively set at
a premium of 10% to 30% from five-day Weighted Average Market Price of the relevant Exchange Shares prior to the price
fixing date or at par, whichever is higher at any time after the Securities Commission’s approval, for the relevant series at
any time during the Exchange Period.
(d) The REBs are secured by the following:-
(i) A Put-Option written by the Put-Option Writer to acquire the Exchange Shares at an agreed Option Price, upon the terms
and conditions contained in the Put-Option agreements;
(ii) Deposit/ pledge of the Exchange Shares with the Security Trustee, for the benefit of the REBs holders;
(iii) Assignment/ charge of an Escrow Account, a Disbursement Account (“DA”), and Debt Service Reserve Account (“DSRA”),
in favour of the Security Trustee for the REBs holders; and
(iv) Assignment of the proceeds under an irrevocable Standby Line from a financial institution (“Liquidity Reserve Provider”)
equivalent to one (1) coupon payment payable during the tenor of the REBs, in favour of the Security Trustee for the
REBs Holders; or
102
If no Standby Line is established, an assignment/ charge of a Liquidity Reserve Account (“LRA”), into which an amount
equivalent to one (1) coupon payment payable during the tenor of the REBs shall be deposited.
(e) The Option Price with regards to Series I and II are as follows:
Series I: the outstanding amounts, owing or payable by the Company to the REBs holders under the relevant Transaction
Documents, as at the date of the put option notice as referred to in the Put-Option agreements;
Series II: the outstanding amounts, owing or payable by the Company to the REBs holders under the relevant Transaction
Documents, as at the date of the put option notice less the amount of:
- any standby facilities procured by the Company; and
- any cash deposits by the Company into the DSRA.
31 DECEMBER 2007
28. RAINBOW EXCHANGEABLE BONDS (CONT’D)
(f) The REBs shall be redeemed by the Issuer on the respective maturity dates at approximately 122% to 140% of the Issue
Price of the relevant Series save and except for the following circumstances:
(i) The REBs are exchangeable at any time by the REBs holders into the Exchange Shares, during the tenors of the REBs;
(iii) The Issuer may, at any time, purchase the REBs at any price in the open market or by private treaty;
(ii) The REBs may be redeemed by the Issuer after the expiry of three (3) years from the issue date of the REBs and subject
to the market price of the relevant Exchange Shares as traded on Bursa Malaysia Securities Berhad being at least 130%
of the Exchange Price of the relevant Exchange Shares;
(iv) The REBs shall be cancelled and cannot be reissued if the REBs have been exchanged into the Exchange Shares by
the REBs holders, redeemed by the Issuer after year 3 and/or purchased by the Issuer in the open market.
The REBs are accounted for in the balance sheets of the Group and of the Company as follows:
Group and Company
2007 2006
RM RM
Nominal value - issued and fully paid
At 1 January
150,000,000 Issued and fully paid
-
150,000,000
Exchanged into Exchange Shares
(89,000,000)
At 31 December
Redemption Premium
At 31 December
61,000,000 150,000,000
3,485,714 1,068,052
Total included within long term borrowings (Note 26)
64,485,714 151,068,052
29. TRADE PAYABLES
Trade payables are non-interest bearing and the normal trade credit term granted to the Group ranges from 30 to 90 days. PASDEC HOLDINGS BERHAD ANNUAL REPORT 2007
103
31 DECEMBER 2007
30. OTHER PAYABLES
2007 RM Amounts due to related parties:
Due to a corporate shareholder of subsidiary companies 4,758,839 Due to a subsidiary company
-
Due to other related companies
1,053,531 Due to holding corporation
1,796,473 Group
2006 RM 2007 RM -
-
242,862 1,542,296 -
9,217,764 -
-
Company
2006
RM
-
7,608,843 1,785,158 9,217,764 Retention sum
787,856 1,055,301 -
Other payables
3,146,836 1,668,690 -
Accruals
2,206,569 3,216,253 329,401 297,050
Coupon on bonds
254,166 958,333 254,166 958,333
14,004,270 8,683,735 9,801,331 1,255,383
The amounts due to related parties are non-interest bearing and are repayable on demand. These amounts are unsecured
and are to be settled in cash.
31. SHARE CAPITAL
Number of Ordinary
Shares of RM1 Each
Amount
2007 2006 2007 2006
RM RM
Authorised
1 January/31 December
500,000,000 500,000,000 500,000,000 500,000,000
Issued and fully paid
1 January/31 December
205,978,000 205,978,000 205,978,000 205,978,000
The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per
share at meetings of the Company. All ordinary shares rank equally with regards to the Company’s residual assets.
104
31 DECEMBER 2007
32. DEFERRED TAX
At 1 January Recognised in the income statement (Note 9)
At 31 December
Presented after appropriate offsetting as follows:
Deferred tax assets
Deferred tax liabilities
2007 RM Group
2007 RM 3,672,424 (3,598,546)
3,594,385 78,039 -
-
-
73,878 3,672,424 -
-
2007 RM (2,489)
76,367 Group
2007 RM -
3,672,424 -
-
-
-
-
Deferred Tax Liabilities of the Group:
At 1 January 2007
Recognised in income statement
2006
RM
Accelerated
Capital
Allowances
RM
3,672,424
(3,596,057)
At 31 December 2007
76,367
At 1 January 2006
3,594,385
78,039
At 31 December 2006
3,672,424
Deferred Tax Assets of the Group:
At 1 January 2007
At 31 December 2007
Deferred tax assets have not been recognised in respect of the following items:
Unused tax losses
Unabsorbed capital allowances
(2,489)
(2,489)
105
2007 RM 7,937,309 -
Group
2006
RM
19,452,982
267,984
7,937,309 19,720,966
The unused tax losses of the respective subsidiaries are available for offsetting against future taxable profits subject to no
substantial changes in shareholdings of those subsidiaries under the Income Tax Act, 1967 and guidelines issued by the tax
authority.
Company
2006
RM
2006 RM 73,878 3,672,424 The components and movements of deferred tax liabilities during the financial year are as follows:
Company
2006 RM NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2007
33. CONTINGENT LIABILITIES
Unsecured:
Corporate guarantees for facilities granted to:
- subsidiaries
- a related company
Bank guarantees
Performance bonds
Dispute with the Inland Revenue Board for years
of assessment 1999 to 2004
2007 RM Group
Company
2006 RM 2007 RM 2006
RM
-
-
806,829 209,829 -
262,980 395,719 209,829 40,504,000 -
-
-
41,704,000
-
-
1,221,436 -
-
1,016,658 2,089,964 40,504,000 41,704,000
34. RELATED PARTY DISCLOSURES
(a) In addition to the transactions detailed elsewhere in the financial statements, the Group and the Company had the
following transactions with related parties during the financial year:
Group
Company
2007 2006 2007 2006
RM RM RM RM
Holding corporation
- office rental and service charge
508,316 483,514 -
Subsidiaries
- interest income -
-
(2,390,478)
(538,885)
- management fee income
-
-
(540,000)
(540,000)
- gross dividend income
-
-
(13,797,595)
(12,675,195)
Purchase of insurance from a subsidiary
-
-
39,223 96,205
With the exception of dividend income, the directors are of the opinion that all the transactions above have been entered
into in the normal course of business and have been established on terms and conditions that are not materially different
from those obtainable in transactions with unrelated parties.
(b) Compensation of key management personnel
106
The remuneration of directors and other members of key management during the year was as follows:
Group
Company
2007 2006 2007 2006
RM RM RM RM
Short term employee benefits
2,835,430 2,552,742 1,134,150 1,036,170
Post-employment benefits - Defined contribution plan
183,251 160,149 39,774 35,880
- Defined benefit plan
275,407 -
-
3,294,088 2,712,891 1,173,924 1,072,050
31 DECEMBER 2007
34. RELATED PARTY DISCLOSURES (CONT’D)
(b) Compensation of key management personnel (Cont’d)
Included in the total key management personnel are:
2007 RM Directors’ remuneration
1,677,806 Group
2006 RM 2007 RM 1,329,430 1,173,924 Company
2006
RM
1,072,050
35. FINANCIAL INSTRUMENTS
(a) Financial Risk Management Objectives and Policies
The Group’s financial risk management policy seeks to ensure that adequate financial resources are available for the
development of the Group’s businesses whilst managing its interest rate risks (both fair value and cash flow), liquidity risk and
credit risk. The Board reviews and agrees policies for managing each of these risks and they are summarised below. It is,
and has been throughout the year under review, the Group’s policy that no trading in derivative financial instruments shall
be undertaken.
(b) Interest Rate Risk
The Group is exposed to interest rate risk through the impact of rate changes on interest bearing debts and assets. The
investment in financial assets is short term in nature and they are not held for speculative purposes but have been mostly
placed in fixed deposits with licensed financial institutions.
The Group’s interest rate risk arises primarily from interest-bearing borrowings. Borrowings at floating rates expose the Group
to cash flow interest rate risk. Borrowings obtained at fixed rates expose the Group to fair value interest rate risk. The Group
manages its interest rate exposure by maintaining a mix of fixed and floating rate borrowings.
The following tables set out the carrying amounts, the weighted average effective interest rates (WAEIR) as at the balance
sheet date and the remaining maturities of the Group’s financial instruments that are exposed to interest rate risk:
Note
WAEIR
%
Within 1 Year RM 1-2
Years RM More Than 3
Years RM Total
RM
At 31 December 2007
Group
Fixed rate
Term loans
Hire purchase liablities
REBs
26 27 26 28 8.72 4.81 8.25 5.25 (5,374,880)
(186,958)
(274,000)
-
(3,838,025)
(225,006)
-
-
(1,020,000)
(243,602)
-
(64,485,714)
(10,232,905)
(655,566)
(274,000)
(64,485,714)
Floating rate
Fixed deposits
Bank overdrafts
Revolving credits
24 26 26 3.45 8.24 5.47 19,259,850 (19,051,147)
(6,500,000)
-
-
-
-
-
-
19,259,850
(19,051,147)
(6,500,000)
107
31 DECEMBER 2007
35. FINANCIAL INSTRUMENTS (CONT’D)
(b) Interest Rate Risk (Cont’d)
Note
WAEIR
%
108
At 31 December 2007
Company
Fixed rate
Due from subsidiaries
Hire purchase liabilities
REBs
At 31 December 2006
Group
Within 1 Year RM 1-2
Years RM More Than 3
Years RM Total
RM
21
27
28
6.00 4.87 5.25 27,146,414 (19,762)
-
-
(20,799)
-
-
(54,489)
(64,485,714)
27,146,414
(95,050)
(64,485,714)
Fixed rate
Term loans
Hire purchase liablities
REBs
26 27 26 28 8.47 5.25 8.25 5.25 (6,082,110)
(70,650)
(520,000)
-
(1,745,628)
(80,615)
-
-
-
(39,424)
-
(151,068,052)
(7,827,738)
(190,689)
(520,000)
(151,068,052)
Floating rate
Fixed deposits
Bank overdrafts
Revolving credits
24 26 26 3.47 6.63 8.58 7,871,390 (6,340,105)
(12,500,000)
-
-
-
-
-
-
7,871,390
(6,340,105)
(12,500,000)
Company
Fixed rate
Due from subsidiaries
Hire purchase liabilities
REBs
21
27
28
6.00 4.87 5.25 71,124,327 (18,725)
-
-
(55,625)
-
-
(39,424)
(151,068,052)
71,124,327
(113,774)
(151,068,052)
Interest on financial instruments subject to floating interest rates is contractually repriced at intervals of less than 6 months
and annually. Interest on financial instruments at fixed rates are fixed until the maturity of the instrument. The other financial
instruments of the Group that are not included in the above tables are not subject to interest rate risks.
(c) Liquidity Risk
The Group manages its debt maturity profile, operating cash flows and the availability of funding so as to ensure that
refinancing, repayment and funding needs are met. As part of its overall liquidity management, the Group maintains
sufficient levels of cash or cash convertible investments to meet its working capital requirements. In addition, the Group
strives to maintain available banking facilities at a reasonable level to its overall debt position. As far as possible, the Group
raises committed funding from both capital markets and financial institutions and balances its portfolio with some short
term funding so as to achieve overall cost effectiveness.
31 DECEMBER 2007
35. FINANCIAL INSTRUMENTS (CONT’D)
(d) Credit Risk
The Group’s credit risk is primarily attributable to trade receivables. The Group trades only with recognised and creditworthy
third parties. It is the Group’s policy that all customers who wish to trade on credit terms are subject to credit verification
procedures. In addition, receivable balances are monitored on an ongoing basis and the Group’s exposure to bad debts
is not significant. The Group does not offer credit terms without the specific approval of the Head of Credit Control. Since
the Group trades only with recognised and creditworthy third parties, there is no requirement for collateral.
The credit risk of the Group’s other financial assets, which comprise cash and cash equivalents, marketable securities and
non-current investments, arises from default of the counterparty, with a maximum exposure equal to the carrying amount
of these financial assets.
The Group does not have any significant exposure to any individual customer or counterparty nor does it have any major
concentration of credit risk related to any financial assets.
(e) Fair Values
The carrying amounts of financial assets and liabilities of the Group and of the Company at the balance sheet date
approximated their fair values except for the following:
Note Carrying Amount RM Fair
Value
RM
Group
At 31 December 2007:
Term loans
Hire purchase payables
REBs 23
26
27
28
67,803,643 10,232,905 655,566 64,485,714 159,478,231
8,976,376
773,519
76,908,800
Term loans
REBs 23
26
27
28
163,743,367 7,827,738 193,985 151,068,052 267,799,948
7,078,167
273,216
190,962,428
Company
REBs
23
27
28
15,614,022 95,050 64,485,714 15,614,022
111,762
76,908,800
REBs
23
27
28
47,000,000 113,774 151,068,052 38,994,832
131,462
190,962,428
The fair value of borrowings is estimated by discounting the expected future cash flows using the current interest rates for
liabilities with similar risk profiles.
The method and assumption used by management to determine the fair values of marketable securities is by reference
to stock exchange quoted market bid prices at the close of the business on the balance sheet date.
109
31 DECEMBER 2007
36. SIGNIFICANT EVENTS
(a) Pursuant to a Joint Venture Agreement entered into on 28 January 2006, the Company has subscribed for 800,000 ordinary
shares of RM1.00 each representing 70% equity interest in Bentong Aquarium & Sanctuary Park Sdn. Bhd. (“BASPSB”) for a
total purchase consideration of RM800,000 during the year.
(b) On 20 June 2007, a subsidiary of the Company, Pasdec Trading Sdn. Bhd. was incorporated with an issued and paid up
capital of RM2.
(c) On 26 July 2007, the Company transferred its entire investment in the shares of Pahang Aircraft Industries Sdn. Bhd. to a
subsidiary, Mutiara Pasdec Sdn. Bhd. for a consideration of RM2 representing 2 ordinary shares in Pahang Aircraft Industries
Sdn. Bhd..
(d) On 3 December 2007, Pasdec Corporation Sdn. Bhd. had entered into a conditional Sale and Purchase Agreement with
Mentiga Corporation Berhad for the acquisition of a piece of land measuring approximately 28.98 acres at Mukim Kuala
Kuantan, District of Kuantan, Pahang Darul Makmur for a total cash consideration of RM9,856,457. As at 31 December
2007, the Company had paid a deposit of RM851,960 for the said land.
(e) During the year, a piece of land held under a subsidiary, Pasdec Pintas Sdn. Bhd. (“PPSB”) was auctioned off without the
knowledge of the board of directors of PPSB and the Company.
Prior to the acquisition of PPSB (then known as Lancar Pintas Sdn. Bhd.) in 1997 by the Company, PPSB had entered into a
sale and purchase agreement with prospective buyers of shop lots that PPSB intended to build.
In 2005, two of the prospective buyers took legal action against PPSB for failing to commence and build the said shop lots.
The summon was served on PPSB on an address which is neither the registered nor the business address of PPSB, as a result
of which, PPSB was not aware of such legal action.
The plaintiffs managed to obtain a judgement in default of appearance and subsequently auctioned off the land in 2007
for a price of RM2,660,000. The ownership transfer to the purchaser was completed in 2007.
The directors of PPSB are of the opinion that there were elements of fraud given the manner in which the above incident
unfolded and are instituting legal action against the parties concerned.
Following this development, a full provision for impairment losses of RM20,116,367 with respect to the land has been made
in the books of PPSB for the financial year ended 31 December 2007.
110
(f) During the year, the entire RM15 million nominal amount of Rainbow Exchangeable Bonds (“REBs”) under Series I and RM74
million from RM135 million nominal amount of REBs under Series II were redeemed.
31 DECEMBER 2007
37. SUBSEQUENT EVENTS
(a) Effective 1 January 2008, a subsidiary of the Company, Pasdec Bina Sdn. Bhd. transferred all its activities relating to trading
of construction materials and provision of insurance services to another subsidiary, Pasdec Trading Sdn. Bhd. and ceased
activities relating to hiring of machinery.
(b) Subsequent to the year end, RM11 million nominal value of Rainbow Exchangeable Bonds (“REBs”) from Series II was
redeemed.
38. COMPARATIVES
The following comparative amounts as at 31 December 2007 have been reclassified to conform with current year’s
presentation:
Previously Stated Adjustments Restated
RM RM RM
Balance Sheet
At 31 December 2006
87,986,168 1,481,754 89,467,922
Trade payables
(20,906,224)
(1,481,754)
(22,387,978)
39. SEGMENT INFORMATION
(a) Reporting Format
The primary segment reporting format is determined to be business segments as the Group’s risks and rates of return
are affected predominantly by differences in the products and services produced. Secondary information is reported
geographically. The operating businesses are organised and managed separately according to the nature of the products
and services provided, with each segment representing a strategic business unit that offers different products and serves
different markets
(b) Business segments
The Group comprises the following main business segments:
(i) Investment holding - provision of management services;
(ii) Property development - the development of residential and commercial properties;
(iii) Trading - in building materials;
(iv) Manufacturing - manufacturing and sales of bricks; and
(v) Construction - construction of residential and commercial properties.
No segment reporting by geographical area is prepared as the Group activities are mainly carried out in Malaysia.
111
720 7,993,881 87,765,742 73,562,857 14,375,515 13,369,195 75,900 -
Property Development 2007 2006 RM RM 8,655,096 214,900 3,987,169 -
Trading 2007 2006 RM RM 1,071,012 470,542 -
842,032 Manufacturing 2007 2006 RM RM 2007 RM Total 2006 RM Elimination 2007 2006 RM RM Consolidated 2007 2006
RM RM
9,736,768 20,115,094 107,229,338 105,659,001 -
- 107,229,338 105,659,001
-
- 15,136,857 14,211,227 (15,136,857) (14,211,227)
-
-
Construction 2007 2006 RM RM (881,983)
-
(491,748)
-
(400,602)
(956)
6,311 41,135,487 14,794,069 (9,508,036) (12,086,913) 31,377,035 4,673,537
- (4,972,696) (3,483,861)
-
61,231 (4,972,696) (3,422,630)
290,472,551 374,453,141 492,409,767 512,512,687 -
- 1,200,000 1,200,000 6,641,098 -
1,955,320 -
2,302,489 -
2,007,323 -
9,552,393 -
9,864,533 801,378,298 900,793,004 (294,287,948) (346,440,499) 507,090,350 554,352,505
- 1,200,000 1,200,000 2,413,951 2,665,068 3,613,951 3,865,068
Total assets 510,704,301 558,217,573
Liabilities
Segment liabilities 66,051,892 153,324,770 295,245,811 330,843,739 6,513,431 1,786,344 4,128,001 2,958,533 8,291,002 9,012,028 380,230,137 497,925,414 (234,071,424) (281,592,866) 146,158,713 216,332,548
Other segment information
Capital expenditure -
- 1,160,663 70,900 28,199 719 845,511 680 22,405 3,627 2,056,778 75,926 -
- 2,056,778 75,926
Depreciation of property, plant & equipment 17,364 17,365 739,970 716,735 10,568 3,204 141,388 217,156 11,601 16,167 920,891 970,627 -
-
920,891 970,627
Depreciation of investment property -
-
166,057 39,968 -
-
-
-
-
-
166,057 39,968 -
-
166,057 39,968
Impairment losses recognised in income statement 3,750,050 279,559 24,795,333 -
-
-
179,091 -
-
- 28,724,474 279,559 (3,419,957)
(279,559) 25,304,517 Reversal of impairment losses (1,651,831)
(76,159)
(243,600)
(152,066)
-
(567)
-
-
-
(2,863) (1,895,431)
(231,655) 1,651,831 76,159 (243,600)
(155,496)
Other significant non-cash expenses: Provisions -
48,690 9,668,372 268,225 147,148 -
-
-
161,527 - 9,977,047 316,915 (4,188,960)
(48,690) 5,788,087 268,225
Increase in liability for defined benefit plan -
-
590,441 478,168 -
-
-
-
-
-
590,441 478,168 -
-
590,441 478,168
Assets
Segment assets Investment in associates 1,138,987
(224,322)
-
Profit after tax 31,603,614 (349,115)
(870)
538,885 (9,244,350) (6,657,373)
-
(241,116)
308,863
1,250,907
(111,920)
5,361,562 3,795,991 37,405,625 11,707,837 938,726 (1,811,518) (5,909,596) (1,672,343)
2,734,582 -
Net profit for the year 26,404,339 Minority interests 5,199,275 Profit/(loss) before tax Income tax expense Finance costs (11,978,932) (7,196,258)
Share of (loss)/ profit of associates -
-
(241,116)
308,863 -
-
-
-
-
-
(241,116)
308,863 Total revenue 14,376,235 21,363,076 87,841,642 73,562,857 8,869,996 3,987,169 1,541,554 842,032 9,736,768 20,115,094 122,366,195 119,870,228 (15,136,857) (14,211,227) 107,229,338 105,659,001
RESULT
Segment results 12,500,200 8,696,876 42,029,543 15,457,776 (283,390)
30,704 (822,987)
(692,411)
(318,247)
154,900 53,105,119 23,647,845 (12,242,618) (12,625,798) 40,862,501 11,022,047
REVENUE
- Sales to external customers - Inter-segment sales SEGMENT INFORMATION (CONT’D)
Investment Holding 2007 2006 RM RM 112
39.
31 DECEMBER 2007
PENYATA
KEWANGAN
114 Laporan Para Pengarah
118 Penyata Para Pengarah
118 Akuan Berkanun
119 Laporan Juruaudit
120 Penyata Pendapatan
121 Lembaran Imbangan
122 Penyata Perubahan Dalam Ekuiti Disatukan
123 Penyata Perubahan Dalam Ekuiti Syarikat
124 Penyata Aliran Tunai
126 Nota-Nota Kepada Penyata Kewangan
113
LAPORAN PARA PENGARAH
Para pengarah dengan ini membentangkan laporan mereka dan penyata kewangan Kumpulan dan Syarikat yang telah diaudit
bagi tahun kewangan berakhir 31 Disember 2007.
KEGIATAN-KEGIATAN UTAMA
Kegiatan-kegiatan utama Syarikat adalah pemegangan pelaburan dan penyediaan perkhidmatan pengurusan kepada syarikatsyarikat subsidiari.
Kegiatan-kegiatan utama subsidiari-subsidiari dinyatakan di Nota 17 kepada penyata kewangan.
Tidak ada sebarang perubahan penting dalam kegiatan-kegiatan ini di sepanjang tahun kewangan.
HASIL
Kumpulan
RM
Syarikat
RM
Keuntungan bagi tahun semasa
26,404,339 6,300,288
Diagihkan kepada:
Pemegang ekuiti Syarikat
Kepentingan minoriti
31,603,614
(5,199,275)
6,300,288
-
26,404,339
6,300,288
Tidak ada pindahan yang penting kepada atau daripada rizab atau peruntukan sepanjang tahun kewangan ini selain daripada
yang dinyatakan di dalam penyata kewangan.
Pada pendapat para pengarah, hasil kendalian Kumpulan dan Syarikat di sepanjang tahun kewangan tidak dipengaruhi secara
besaran oleh sebarang butiran, urusniaga atau kejadian yang bersifat penting dan ganjil selain daripada kesan yang timbul
daripada keuntungan daripada jualan pelaburan berjumlah RM34,392,919 seperti yang dinyatakan di Nota 6 dan rosotnilai tanah
untuk pembangunan hartanah berjumlah RM20,116,367 seperti yang dinyatakan di Nota 6 dan Nota 36(e).
DIVIDEN
Jumlah dividen yang dibayar oleh Syarikat sejak 31 Disember 2006 adalah seperti berikut:
114
RM
Berhubung tahun kewangan berakhir 31 Disember 2006 seperti yang dilaporkan dalam laporan
para pengarah pada tahun tersebut:
Dividen pertama dan terakhir pada kadar 2% ke atas 205,978,000 saham-saham biasa
selepas cukai 27%, diisytiharkan pada 22 Jun 2007 dan dibayar pada 27 Ogos 2007
3,008,000
Pada Mesyuarat Agung Tahunan yang akan datang, dividen terakhir pada kadar 2% ke atas 205,978,000 saham-saham biasa
selepas cukai 26% yang berjumlah RM3,048,474 (1.48 sen, bersih setiap saham) berhubung tahun kewangan berakhir 31 Disember
2007 akan dicadangkan untuk kelulusan para pemegang saham. Penyata kewangan bagi tahun berakhir 31 Disember 2007 tidak
mengambil kira dividen yang dicadangkan. Dividen tersebut, jika dipersetujui oleh para pemegang saham, akan diambilkira di
dalam ekuiti pemegang saham sebagai pengasingan pendapatan tertahan dalam tahun kewangan yang berakhir pada 31
Disember 2008.
PARA PENGARAH
Pengarah Syarikat yang berkhidmat sejak tarikh laporan yang terakhir dan pada tarikh laporan ini ialah:
Dato’ Abdul Ghani bin L. Sulaiman
Dato’ Haji Lias bin Mohd. Noor
Dato’ Abdullah @ Mohamad Nor bin Ali
Majid bin Mohamad
Dato’ Khalid bin Mohamad Jiwa
MANFAAT PARA PENGARAH
Di sepanjang dan pada akhir tahun kewangan, Syarikat tidak menjadi pihak kepada sebarang persetujuan yang matlamatnya
ialah untuk membolehkan para pengarah Syarikat mendapat manfaat melalui perolehan saham atau debentur Syarikat atau
sebarang badan korporat.
Sejak akhir tahun kewangan yang lepas, tidak ada pengarah yang telah menerima atau berhak menerima manfaat (selain
daripada manfaat yang termasuk dalam ganjaran diterima atau akan diterima dan patut diterima oleh para pengarah seperti
yang dinyatakan di Nota 8 kepada penyata kewangan atau gaji tetap bagi pekerja sepenuh masa Syarikat) akibat daripada
sebarang kontrak yang dibuat oleh Syarikat atau syarikat berkaitan dengan pengarah atau dengan firma di mana ia adalah ahli,
atau dengan syarikat di mana ia mempunyai kepentingan kewangan yang nyata.
KEPENTINGAN PARA PENGARAH
Tidak ada pengarah yang memegang jawatan pada akhir tahun kewangan mempunyai sebarang kepentingan di dalam saham
Syarikat atau syarikat-syarikat berkaitan di sepanjang tahun kewangan.
BON BOLEH TUKAR
Pada 15 November 2006, Syarikat telah menerbitkan Rainbow Exchangeable Bonds (“REBs”) bernilai RM150 juta pada 100% nilai
nominalnya yang terdiri daripada dua (2) siri seperti berikut:
(b) RM135 juta REBs (“Siri II”) boleh tukar kepada 40,785,000 saham-saham biasa YTL Cement Berhad telah diterbitkan untuk
tempoh matang 7 tahun dari tarikh diterbitkan.
Di sepanjang tahun kewangan, kesemua RM15 juta nilai nominal REBs dari Siri I dan RM74 juta nilai nominal REBs dari Siri II
telah ditebus.
115
(a) RM15 juta REBs (“Siri I”) boleh tukar kepada 4,792,333 saham-saham biasa Road Builder (M) Holdings Berhad telah diterbitkan
untuk tempoh matang 5 tahun dari tarikh diterbitkan; dan
MAKLUMAT BERKANUN LAIN
(a) Sebelum penyata pendapatan dan lembaran imbangan Kumpulan dan Syarikat disediakan, para pengarah telah mengambil
langkah-langkah yang sewajarnya:
(i) untuk menentukan bahawa tindakan yang sesuai telah diambil berkaitan dengan penghapuskiraan hutang lapuk dan
peruntukan bagi hutang ragu dan berpuashati bahawa kesemua hutang yang diketahui lapuk telah dihapuskira dan
peruntukan yang memadai telah dibuat bagi hutang ragu; dan
(ii) untuk memastikan bahawa aset semasa yang berkemungkinan tidak dapat direalisasi pada nilainya seperti yang
ditunjukkan di dalam rekod-rekod perakaunan dalam perjalanan perniagaan biasa telah dikurangkan nilainya kepada
jumlah yang dianggap boleh direalisasi.
(b) Pada tarikh laporan ini, para pengarah tidak mengetahui tentang sebarang keadaan yang boleh menyebabkan:
(i) jumlah yang dihapuskira sebagai hutang lapuk atau jumlah yang diperuntukkan sebagai hutang ragu di dalam penyata
kewangan Kumpulan dan Syarikat tidak memadai secara besaran; dan
(ii) nilai aset semasa di dalam penyata kewangan Kumpulan dan Syarikat mengelirukan.
(c) Pada tarikh laporan ini, para pengarah tidak mengetahui tentang sebarang keadaan yang timbul yang boleh menyebabkan
kepatuhan kepada kaedah penilaian yang sedia ada bagi penilaian aset atau liabiliti Kumpulan dan Syarikat mengelirukan
atau tidak sesuai.
(d) Pada tarikh laporan ini, para pengarah tidak mengetahui tentang sebarang keadaan yang tidak diperkatakan dalam laporan
ini atau penyata kewangan Kumpulan dan Syarikat yang boleh menyebabkan sebarang jumlah yang dinyatakan di dalam
penyata kewangan mengelirukan.
(e) Pada tarikh laporan ini, tidak wujud:
(i) sebarang tindihmilik ke atas aset Kumpulan atau Syarikat yang timbul sejak akhir tahun kewangan yang menjamin liabiliti
pihak lain; atau
(ii) sebarang liabiliti luarjangka Kumpulan atau Syarikat yang timbul sejak akhir tahun kewangan.
(f) Pada pendapat para pengarah:
116
(i) tiada liabiliti luarjangka atau liabiliti lain yang telah berkuatkuasa atau berkemungkinan akan berkuatkuasa dalam tempoh
dua belas bulan selepas akhir tahun kewangan ini yang akan atau boleh menjejaskan keupayaan Kumpulan atau Syarikat
menunaikan kewajipannya apabila tiba masanya; dan
(ii) tiada butiran, urusniaga atau kejadian yang bersifat penting dan ganjil yang timbul di dalam jangkamasa di antara akhir
tahun kewangan dan tarikh laporan ini, yang berkemungkinan boleh menjejaskan secara ketara hasil kendalian Kumpulan
atau Syarikat bagi tahun kewangan di mana laporan ini disediakan.
PERISTIWA-PERISTIWA PENTING
Peristiwa-peristiwa penting sepanjang tahun kewangan dinyatakan dalam Nota 36 kepada penyata kewangan.
PERISTIWA-PERISTIWA SUSULAN
Peristiwa-peristiwa susulan selepas tahun kewangan dinyatakan dalam Nota 37 kepada penyata kewangan.
JURUAUDIT
Juruaudit, Hanafiah Raslan & Mohamad, telah menyatakan kesanggupan mereka untuk menerima perlantikan semula.
Ditandatangani bagi pihak Lembaga menurut resolusi para pengarah bertarikh 25 April 2008.
117
PENYATA
PARA PENGARAH
MENURUT SEKSYEN 169(15) AKTA SYARIKAT, 1965
Kami, DATO’ SRI HAJI ADNAN BIN HAJI YAAKOB dan YUSOF ALI BIN HAJI MOHAMED ZAIN, dua daripada para pengarah PASDEC
HOLDINGS BERHAD, dengan ini menyatakan bahawa, pada pendapat para pengarah, penyata kewangan yang dibentangkan di
mukasurat 120 hingga 170 telah disediakan menurut kehendak Akta Syarikat, 1965 dan Piawaian Pelaporan Kewangan (Financial
Reporting Standards atau “FRS”) di Malaysia untuk memberi gambaran yang benar dan saksama berkenaan dengan kedudukan
kewangan Kumpulan dan Syarikat pada 31 Disember 2007 dan hasil serta aliran tunai Kumpulan dan Syarikat bagi tahun berakhir
pada tarikh tersebut.
Ditandatangani bagi pihak Lembaga menurut resolusi para pengarah bertarikh 25 April 2008.
AKUAN
BERKANUN
MENURUT SEKSYEN 169(16) AKTA SYARIKAT, 1965
Saya, GOH SONG HAN, pegawai yang terutamanya bertanggungjawab ke atas pengurusan kewangan PASDEC HOLDINGS BERHAD,
dengan sesungguhnya dan seikhlasnya mengaku bahawa penyata kewangan yang dibentangkan di mukasurat 120 hingga 170,
pada pendapat saya adalah betul, dan saya membuat pengakuan ini dengan sesungguhnya mempercayai bahawa ianya
benar dan menurut peruntukan Akta Akuan Berkanun, 1960.
118
Ditandatangani dan diakui sesungguhnya oleh
GOH SONG HAN yang tersebut di atas di Kuantan
dalam negeri Pahang Darul Makmur pada 25 April 2008
Di hadapan saya,
GOH SONG HAN
LAPORAN
JURUAUDIT
KEPADA AHLI-AHLI PASDEC HOLDINGS BERHAD
(367122 D) (Diperbadankan di Malaysia)
Kami telah mengaudit penyata kewangan yang dibentangkan di mukasurat 120 hingga 170. Penyata kewangan tersebut adalah
tanggungjawab para pengarah Syarikat.
Tanggungjawab kami adalah untuk menyatakan pendapat bebas, berdasarkan audit kami, mengenai penyata kewangan dan
melaporkan pendapat kami kepada anda, sebagai satu badan, menurut Seksyen 174 dalam Akta Syarikat, 1965 dan bukan untuk
tujuan lain. Kami tidak bertanggungjawab kepada pihak lain terhadap isi kandungan laporan ini.
Kami melaksanakan audit mengikut Piawaian Pengauditan yang diluluskan di Malaysia. Piawaian tersebut memerlukan kami
merancang dan melaksanakan audit untuk mencapai kepastian munasabah mengenai samada penyata kewangan tersebut
bebas daripada salah nyata yang ketara. Sesuatu audit juga merangkumi pemeriksaan, berdasarkan ujian, bukti yang menyokong
jumlah dan penyataan dalam penyata kewangan. Sesuatu audit juga merangkumi penilaian prinsip perakaunan yang digunakan
dan anggaran penting yang dibuat oleh para pengarah, serta penilaian pembentangan penyata kewangan secara keseluruhannya.
Kami percaya bahawa audit kami telah memberi asas munasabah untuk menyatakan pendapat kami.
Pada pendapat kami:
(a) penyata kewangan telah disediakan dengan wajarnya menurut peruntukan Akta Syarikat, 1965 dan Piawaian Pelaporan
Kewangan (Financial Reporting Standards atau “FRS”) di Malaysia dan memberi gambaran yang benar dan saksama
mengenai:
(i) kedudukan kewangan Kumpulan dan Syarikat pada 31 Disember 2007 dan hasil serta aliran tunai Kumpulan dan Syarikat
bagi tahun berakhir pada tarikh tersebut; dan
(ii) perkara-perkara yang diperlukan oleh Seksyen 169 dalam Akta Syarikat, 1965 untuk diambilkira dalam penyata kewangan;
dan
(b) rekod perakaunan dan rekod-rekod lain dan daftar-daftar yang dikehendaki oleh Akta untuk disimpan oleh Syarikat dan
subsidiari-subsidiarinya telah disimpan dengan wajar menurut peruntukan Akta.
Kami berpuas hati bahawa penyata kewangan subsidiari-subsidiari yang telah disatukan dengan penyata kewangan Syarikat
adalah dalam bentuk dan kandungan yang sesuai dan wajar bagi tujuan penyediaan penyata kewangan disatukan dan kami
telah menerima maklumat dan penjelasan yang memuaskan sebagaimana yang dikehendaki oleh kami bagi tujuan tersebut.
Laporan juruaudit bagi penyata kewangan subsidiari-subsidiari tersebut tidak tertakluk kepada sebarang syarat dan tidak
mengandungi sebarang teguran di bawah Seksyen 174(3) dalam Akta tersebut.
HANAFIAH RASLAN & MOHAMAD
AF: 0002
Akauntan Bertauliah
Kuantan, Pahang Darul Makmur, Malaysia
25 April 2008
NIK RAHMAT KAMARULZAMAN BIN NIK AB. RAHMAN
No. 1759/02/10 (J)
Rakankongsi
119
PENYATA
PENDAPATAN
BAGI TAHUN BERAKHIR 31 DISEMBER 2007
Nota
2007
RM
Kumpulan
2006
RM
2007
RM
2006
RM
3
4
107,229,338
(56,442,400)
105,659,001
(72,771,641)
14,376,235
-
13,284,555
-
Keuntungan kasar
50,786,938
32,887,360
14,376,235
13,284,555
Pendapatan lain
Belanja pengurusan
Lain-lain belanja kendalian
37,387,347
(15,975,199)
(31,336,585)
693,938
(17,528,715)
(5,030,536)
3,042,985
(3,502,390)
(1,416,630)
794,753
(5,943,852)
(1,250,098)
Keuntungan daripada kendalian
Kos kewangan
5
Bahagian (kerugian)/keuntungan
dari syarikat bersekutu
40,862,501
(9,244,350)
11,022,047
(6,657,373)
12,500,200
(7,138,638)
6,885,358
(3,243,367)
(241,116)
308,863
-
-
Keuntungan sebelum cukai
Perbelanjaan cukai pendapatan
6
9
31,377,035
(4,972,696)
4,673,537
(3,422,630)
5,361,562
938,726
3,641,991
-
26,404,339
1,250,907
6,300,288
3,641,991
Diagihkan kepada:
31,603,614
(5,199,275)
1,138,987
111,920
6,300,288
-
3,641,991
-
26,404,339
1,250,907
6,300,288
3,641,991
15.34
0.55
Pendapatan
Kos jualan
Pendapatan sesaham boleh diagih
kepada pemegang ekuiti Syarikat (sen):
Asas, keuntungan bagi tahun semasa
10
Syarikat
120
Nota-nota yang disertakan merupakan sebahagian asasi penyata kewangan.
LEMBARAN
IMBANGAN
PADA 31 DISEMBER 2007
Kumpulan
Syarikat
Nota
2007
2006
2007
2006
RM
RM
RM
RM
(dinyatakan
semula) ASET
Aset bukan semasa
Hartanah, loji dan peralatan
12
16,171,891 13,058,830 120,638 138,002
Tanah untuk pembangunan
13(a)
138,211,352 154,566,910 -
Pelaburan hartanah
14
7,505,242 7,671,299 -
Bayaran pajakan tanah prabayar
15
83,898 86,106 -
Pelaburan dalam subsidiari-subsidiari
17
-
-
59,406,316 60,374,442
Pelaburan dalam syarikat-syarikat bersekutu
18
3,613,951 3,865,068 -
Sekuriti boleh pasar
23
67,803,643 163,743,367 15,614,022 47,000,000
Aset tak nyata
16
823,258 1,942,989 -
234,213,235 344,934,569 75,140,976 107,512,444
Aset semasa
Kos pembangunan hartanah
Inventori
Penghutang perdagangan
Lain-lain penghutang
Wang tunai dan baki di bank
13(b)
19
20
21
24
147,106,809 15,676,819 63,617,953 23,078,593 27,010,892 89,467,922 12,509,432 57,566,740 27,819,302 25,919,608 -
-
-
219,111,986 5,437,354 260,440,296
6,500,402
276,491,066 213,283,004 224,549,340 266,940,698
JUMALH ASET
510,704,301 558,217,573 299,690,316 374,453,142
EKUITI DAN LIABILITI
Ekutiti boleh diagih kepada
pemegang ekuiti Syarikat
Modal saham
31
Premium saham
Keuntungan/ (kerugian) terkumpul
205,978,000 43,007,997 105,112,871 205,978,000 43,007,997 77,590,357 205,978,000 45,515,750 (27,073,090)
205,978,000
45,515,750
(30,365,378)
354,098,868 10,446,720 326,576,354 15,308,671 224,420,660 -
221,128,372
-
Jumlah ekuiti
364,545,588 341,885,025 224,420,660 221,128,372
25
26
32
1,864,802 69,812,347 73,878 1,592,817 152,937,015 3,672,424 -
64,561,002 -
151,163,101
-
71,751,027 158,202,256 64,561,002 151,163,101
Liabiliti semasa
Tanggungan manfaat persaraan
25
Pinjaman
26
Pemiutang perdagangan
29
Pemiutang lain
30
Cukai belum bayar 27,378 31,386,985 25,634,186 14,004,270 3,354,867 24,887 25,512,865 22,387,978 8,683,735 1,520,827 -
19,762 -
9,801,331 887,561 18,725
1,255,383
887,561
74,407,686 58,130,292 10,708,654 2,161,669
Jumlah Liabiliti
146,158,713 216,332,548 75,269,656 153,324,770
JUMLAH EKUITI DAN LIABILITI
510,704,301 558,217,573 299,690,316 374,453,142
Liabiliti bukan semasa
Tanggungan manfaat persaraan
Pinjaman
Liabiliti cukai tertunda
121
PENYATA
PERUBAHAN DALAM EKUITI DISATUKAN
Pada 1 Januari 2006
Diagihkan kepada Pemegang Ekuiti Syarikat
Tidak Boleh Diagih
Boleh Diagih
Modal Premium Keuntungan Saham Saham Terkumpul Jumlah RM RM RM RM Kepentingan Minoriti RM Jumlah
Ekuiti
RM
205,978,000 43,007,997 75,763,279 324,749,276 15,196,751 339,946,027
-
-
688,091 688,091 -
688,091
205,978,000 43,007,997 76,451,370 325,437,367 15,196,751 340,634,118
-
-
1,138,987 1,138,987 111,920 1,250,907
Pada 31 Disember 2006 205,978,000 Pada 1 Januari 2007
205,978,000 Keuntungan bagi
tahun semasa
-
Dividen (Nota 11)
-
Pembelian kepentingan
dalam subsidiari
-
43,007,997 77,590,357 326,576,354 15,308,671 341,885,025
43,007,997 77,590,357 326,576,354 15,308,671 341,885,025
-
31,603,614 31,603,614 (5,199,275)
26,404,339
-
(4,081,100)
(4,081,100)
-
(4,081,100)
-
-
-
337,324 337,324
43,007,997 105,112,871 354,098,868 10,446,720 364,545,588
Kesan daripada
menerima pakai FRS 3
Keuntungan bagi
tahun semasa
Pada 31 Disember 2007 205,978,000 PASDEC HOLDINGS BERHAD ANNUAL REPORT 2007
122
PENYATA
PERUBAHAN DALAM EKUITI SYARIKAT
Pada 1 Januari 2006
Tidak Boleh Diagih Modal Premium Saham Saham RM RM Kerugian
Terkumpul RM Jumlah
RM
205,978,000 -
45,515,750 -
(34,007,369)
3,641,991 217,486,381
3,641,991
Pada 31 Disember 2006
Pada 1 Januari 2007
Dividen (Nota 11)
205,978,000 45,515,750 (30,365,378)
221,128,372
205,978,000 45,515,750 (30,365,378)
221,128,372
-
-
6,300,288 6,300,288
-
-
(3,008,000)
(3,008,000)
205,978,000 45,515,750 (27,073,090)
224,420,660
123
PENYATA
ALIRAN TUNAI
Aliran Tunai Daripada Kegiatan Kendalian
2007
RM
Keuntungan sebelum cukai 31,377,035 Pelarasan untuk:
Pelunasan pembayaran pajakan tanah prabayar
2,208 Hartanah, loji dan peralatan dihapuskira
51,492 Peruntukan hutang ragu baikpulih
(191,855)
Hutang lapuk baikpulih
-
Susutnilai hartanah, loji dan peralatan
920,891 Susutnilai pelaburan hartanah
166,057 Keuntungan daripada jualan pelaburan
(34,392,919)
Kerugian/(keuntungan) daripada
jualan tanah untuk pembangunan
3,915 Keuntungan daripada jualan hartanah, loji dan peralatan
(17,666)
Keuntungan daripada jualan tanah dalam pembangunan
-
Rosotnilai hartanah, loji dan peralatan
176,778 Turun nilai inventori baikpulih
-
Peruntukan rosotnilai pelaburan
sekuriti boleh pasar
330,093 Peruntukan rosotnilai pelaburan dalam syarikat bersekutu
10,000 Peruntukan rosotnilai pelaburan dalam syarikat subsidiari
-
Peruntukan rosotnilai pelaburan baikpulih
-
Peruntukan rosotnilai sekuriti
boleh pasar baikpulih
(243,600)
Peruntukan hutang ragu
5,504,567 Rosotnilai muhibah
1,132,643 Rosotnilai tanah untuk pembangunan
20,116,367 Pendapatan daripada pembatalan jualan
-
Bahagian keuntungan/(kerugian) dari syarikat bersekutu
241,116 Peruntukan tanggungan manfaat persaraan
590,441 Perbelanjaan faedah
9,244,350 Pendapatan faedah
(849,040)
Pendapatan dividen
(7,073,388)
124
Kumpulan
2006
RM
2007
RM
Syarikat
4,673,537 5,361,562 3,641,991
2,208 2,760 (31,200)
(85,112)
968,418 39,968 (14,250)
-
-
-
-
17,364 -
(355,283)
17,365
-
(4,855,946)
(52,000)
(1,515,328)
-
(98,151)
-
-
-
-
-
-
-
330,093 -
-
-
-
-
-
3,419,957 (1,651,831)
279,559
(76,159)
(155,496)
244,471 -
-
(44,870)
(216,094)
568,974 6,657,373 (398,886)
(5,911,568)
-
-
-
-
-
-
-
7,138,638 (2,390,478)
(13,797,595)
48,690
3,243,367
(694,129)
(12,675,195)
2006
RM
Keuntungan/(kerugian) kendalian sebelum
perubahan modal kerja
Tambahan dalam penghutang
Tambahan dalam inventori
(Tambahan)/kurangan dalam tanah
untuk pembangunan
Tambahan dalam perbelanjaan pembangunan
Tambahan dalam pemiutang
27,099,485 (6,666,925)
(3,167,387)
(221,192)
(21,821,318)
(3,190,677)
(1,927,573)
(35,790,995)
-
(6,214,511)
(69,714,896)
-
(5,615,878)
(57,638,887)
7,389,590 4,670,438 (12,164,878)
1,996,395 -
-
9,250,115 2,094,321
Tunai digunakan dalam kendalian
Perbelanjaan faedah
Pendapatan faedah
Cukai (dibayar)/dipulih
Manfaat persaraan dibayar (38,600,002)
(2,110,855)
849,040 (4,954,267)
(315,965)
(30,731,232)
(6,657,373)
398,886 (279,956)
(90,806)
(28,468,453)
(5,143)
2,390,478 938,726 -
(73,835,086)
(3,243,367)
694,129
-
Tunai bersih digunakan dalam kegiatan kendalian
(45,132,049)
(37,360,481)
(25,144,392)
(76,384,324)
PENYATA ALIRAN TUNAI
2007
RM
Kumpulan
2006
RM
2007
RM
Syarikat
Pembelian subsidiari
Pembelian syarikat bersekutu
Tambahan pelaburan dalam sekuriti boleh pasar
Hasil jualan pelaburan
Pembelian hartanah, loji dan peralatan
Hasil jualan hartanah, loji dan peralatan
Hasil jualan tanah untuk pembangunan
Hasil jualan kos pembangunan hartanah
Pendapatan dividen
(763,347)
-
-
41,068,863 (1,437,703)
49,723 1,851,154 -
5,169,931 -
(10,000)
(47,000,000)
32,249 (2,960,274)
52,000 8,411,168 203,512 4,254,050 -
-
-
31,411,168 -
-
-
-
1,116,900 (47,000,000)
-
Tunai bersih dihasilkan daripada/
(digunakan dalam) kegiatan pelaburan
45,938,621 (37,017,295)
32,528,068 (47,000,000)
5,185,000 -
-
(246,000)
(2,779,836)
(6,000,000)
(157,494)
-
-
(5,420,000)
(3,008,000)
2,200,000 150,000,000 12,500,000 -
(4,238,899)
(22,000,000)
(79,231)
520,000 (4,631,012)
-
-
-
-
-
-
-
-
(18,724)
-
-
(5,420,000)
(3,008,000)
150,000,000
(10,000,000)
(17,688)
-
(12,426,330)
134,270,858 (8,446,724)
139,982,312
(11,619,758)
59,893,082 (1,063,048)
16,597,988
19,579,503 (40,313,579)
6,500,402 (10,097,586)
7,959,745 19,579,503 5,437,354 6,500,402
2006
RM
Aliran Tunai Daripada Kegiatan Pelaburan
Aliran Tunai Daripada Kegiatan Pembiayaan
Penerimaan pinjaman berjangka
Penerimaan bon
Penerimaan kredit pusingan
Pembayaran balik penerimaan jurubank
Pembayaran balik pinjaman
Pembayaran balik kredit pusingan
Pembayaran ansuran sewabeli
Penerimaan jurubank
Yuran untuk bon
Faedah dibayar
Dividen dibayar
Tunai bersih (digunakan dalam)/
dihasilkan daripada kegiatan pembiayaan
(Kurangan)/tambahan bersih
dalam tunai dan kesetaraan tunai
Tunai dan kesetaraan tunai pada awal tahun
Tunai dan kesetaraan tunai pada akhir tahun (Nota 24)
125
NOTA-NOTA
KEPADA PENYATA KEWANGAN
31 DISEMBER 2007
1. MAKLUMAT KORPORAT
Syarikat adalah syarikat awam liabiliti terhad yang diperbadankan dan bermastautin di Malaysia dan disenaraikan di Papan
Utama Bursa Malaysia Securities Berhad. Pejabat berdaftar Syarikat adalah di Tingkat 14, Kompleks Teruntum, Jalan Mahkota,
25000 Kuantan, Pahang Darul Makmur.
Perbadanan induk bagi Syarikat ialah Perbadanan Kemajuan Negeri Pahang, sebuah badan berkanun tempatan yang
diperbadankan di Malaysia di bawah Enakmen Negeri Pahang No. 12, 1965.
Kegiatan-kegiatan utama Syarikat adalah pemegangan pelaburan dan penyediaan perkhidmatan pengurusan kepada
syarikat-syarikat subsidiari. Kegiatan utama syarikat-syarikat subsidiari adalah seperti dinyatakan di Nota 17. Tiada sebarang
perubahan penting dalam kegiatan-kegiatan ini di sepanjang tahun kewangan.
Penyata kewangan ini telah diluluskan oleh Lembaga Pengarah untuk diterbit menurut resolusi para pengarah pada 25 April
2008.
2. POLISI-POLISI PERAKAUNAN PENTING
2.1 Asas Penyediaan
Penyata kewangan mematuhi peruntukan Akta Syarikat, 1965 dan Piawaian Pelaporan Kewangan (Financial Reporting
Standards atau “FRS”) di Malaysia. Bermula dari tahun kewangan semasa, Kumpulan dan Syarikat telah menerima pakai
piawaian perakaunan baru dan pindaan FRS yang mandatori bagi tempoh kewangan bermula pada atau selepas 1
Januari 2007 seperti dinyatakan di Nota 2.3.
Penyata kewangan Kumpulan dan Syarikat telah disediakan menurut kelaziman kos sejarah.
Penyata kewangan dinyatakan dalam Ringgit Malaysia (RM).
2.2 Ringkasan Polisi-Polisi Perakaunan Penting
(a) Subsidiari dan Asas Penyatuan
(i) Subsidiari
Subsidiari-subsidiari adalah syarikat-syarikat di mana Kumpulan mempunyai kuasa untuk melaksanakan kawalan
terhadap polisi-polisi kewangan dan operasi untuk memperolehi manfaat daripada aktiviti-aktiviti syarikat-syarikat
tersebut. Kumpulan akan mengambilkira kewujudan dan kesan potensi hak mengundi yang boleh dilaksanakan
atau boleh ditukar semasa menentukan kuasa ke atas syarikat lain.
126
Di penyata kewangan Syarikat, pelaburan dalam subsidiari-subsidiari dinyatakan pada kos ditolak kerugian
rosotnilai. Pada pelupusan pelaburan, perbezaan di antara perolehan bersih daripada pelupusan dan jumlah
yang dibawa diiktiraf dalam penyata pendapatan.
(ii) Asas Penyatuan
Penyata kewangan disatukan terdiri daripada penyata kewangan Syarikat dan kesemua subsidiarinya pada tarikh
lembaran imbangan. Penyata kewangan subsidiari-subsidiari telah disediakan bagi tarikh laporan yang sama
seperti Syarikat.
Subsidiari-subsidiari disatukan dari tarikh berkuatkuasa pengambilalihan iaitu tarikh di mana Kumpulan mempunyai
kuasa dan akan terus disatukan hingga kuasa dilupuskan. Di dalam penyediaan penyata kewangan disatukan,
baki, urusniaga, dan hasil atau rugi laba belum direalisasi di antara syarikat dihapuskan sepenuhnya. Polisi-polisi
perakaunan seragam diterimapakai dalam penyata kewangan disatukan bagi urusniaga dan peristiwa yang
sama.
NOTA-NOTA KEPADA PENYATA KEWANGAN
31 DISEMBER 2007
2. POLISI-POLISI PERAKAUNAN PENTING (SAMB.)
2.2 Ringkasan Polisi-Polisi Perakaunan Penting (Samb.)
(a) Subsidiari dan Asas Penyatuan (Samb.)
(ii) Asas Penyatuan (Samb.)
Pengambilalihan subsidiari-subsidiari diakaunkan dengan kaedah pembelian. Kaedah perakaunan pembelian
melibatkan pengagihan kos pengambilalihan kepada nilai saksama aset-aset diambilalih dan liabiliti-liabiliti, dan
liabiliti luarjangka pada tarikh pengambilalihan. Kos pengambilalihan dinilaikan sebagai agregat nilai saksama
pada tarikh pertukaran aset-aset diberikan, liabiliti-liabiliti berlaku atau dijangka dan instrumen ekuiti diterbitkan,
ditambah kos-kos lain yang secara langsung disebabkan pengambilalihan.
Sebarang lebihan kos pengambilalihan dengan kepentingan Kumpulan bagi nilai saksama bersih aset-aset, liabilitiliabiliti dan liabiliti luarjangka mewakili muhibah. Sebarang lebihan kepentingan Kumpulan bagi nilai saksama
bersih aset-aset, liabiliti-liabiliti dan liabiliti luarjangka dengan kos pengambilalihan diiktiraf dalam keuntungan
atau kerugian serta merta.
Kepentingan minoriti merupakan bahagian keuntungan atau kerugian dan aset-aset bersih dalam subsidiarisubsidiari yang tidak dipegang oleh Kumpulan. Ianya dinilai saksama atas aset-aset dan liabiliti-liabiliti bahagian
minoriti yang dikenalpasti pada tarikh pengambilalihan dan atas perubahan dalam ekuiti subsidiari bahagian
minoriti, selepas pengambilalihan.
(b) Syarikat-syarikat Bersekutu
Syarikat-syarikat bersekutu adalah syarikat di mana Kumpulan mempunyai pengaruh penting yang mana bukan
merupakan subsidiari ataupun kepentingan dalam perjanjian usahasama. Pengaruh penting merupakan kuasa untuk
mengambil bahagian dalam membuat keputusan polisi kewangan dan operasi syarikat tersebut tetapi bukan kuasa
atau kuasa bersama ke atas polisi-polisi tersebut.
Pelaburan dalam syarikat-syarikat bersekutu diambilkira dalam penyata pendapatan disatukan menggunakan
kaedah perakaunan ekuiti. Di bawah kaedah perakaunan ekuiti, perkongsian Kumpulan dalam keuntungan selepas
pengambilalihan setelah ditolak kerugian syarikat-syarikat bersekutu diambilkira dalam penyata pendapatan disatukan.
Kepentingan Kumpulan dalam syarikat- syarikat bersekutu dinyatakan pada kos berserta perkongsian Kumpulan dalam
keuntungan atau kerugian terkumpul dan rizab terkumpul selepas pengambilalihan. Di mana terdapat perubahan
yang dinyatakan di dalam ekuiti syarikat bersekutu, perubahan tersebut juga dinyatakan di dalam Kumpulan.
Dengan kaedah ekuiti, laba atau kerugian belum direalisasi dalam urusniaga antara Kumpulan dan syarikat-syarikat
bersekutu telah dihapuskan sehingga tahap kepentingan Kumpulan dalam syarikat bersekutu tersebut. Seterusnya
Kumpulan akan menentukan peruntukan rosotnilai tambahan yang sewajarnya berdasarkan pelaburan bersih
Kumpulan dalam syarikat bersekutu tersebut. Syarikat bersekutu diambilkira sebagai ekuiti dari tarikh Kumpulan
memperolehi pengaruh penting sehingga tarikh Kumpulan tidak lagi mempunyai pengaruh penting ke atas syarikat
bersekutu tersebut.
Apabila bahagian Kumpulan dalam kerugian syarikat bersekutu adalah sama atau melebihi kepentingannya dalam
syarikat bersekutu tersebut, termasuk sebarang kepentingan jangka panjang, pada dasarnya, membentuk pelaburan
bersih Kumpulan dalam syarikat-syarikat bersekutu, Kumpulan tidak akan mengiktiraf kerugian tambahan melainkan ia
telah menanggung kewajipan atau melakukan pembayaran untuk pihak syarikat bersekutu tersebut.
Penyata kewangan syarikat-syarikat bersekutu yang terkini digunakan oleh Kumpulan dalam penggunaan kaedah ekuiti.
Jika tarikh penyata kewangan yang digunakan tidak sama dengan Kumpulan, bahagian dalam hasil diambilkira dari
penyata kewangan terakhir yang sedia ada dan penyata kewangan dari pengurusan sehingga tempoh perakaunan
berakhir. Polisi perakaunan yang seragam diterima pakai untuk urusniaga dan peristiwa-peristiwa yang lebih kurang
sama keadaannya.
Pada pelupusan pelaburan, perbezaan di antara perolehan bersih daripada pelupusan dan jumlah yang dibawa
diiktiraf dalam penyata pendapatan.
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(c) Aset Tidak Ketara
Muhibah
Muhibah diperoleh dalam kombinasi perniagaan pada mulanya dinilai pada kos yang merupakan lebihan kos
kombinasi perniagaan ke atas kepentingan Kumpulan dalam nilai saksama bersih aset-aset, liabiliti-liabiliti dan
liabiliti luarjangka yang dikenalpasti. Selepas dikenalpasti, muhibah dinilai pada kos setelah ditolak kerugian rosotnilai
terkumpul. Muhibah tidak dilunaskan tetapi dikaji semula bagi rosotnilai secara tahunan atau lebih kerap sekiranya
berlaku peristiwa atau perubahan dalam keadaan yang boleh menyebabkan nilai dibawa dirosotnilai. Keuntungan
atau kerugian atas pelupusan syarikat adalah termasuk nilai muhibah dibawa berkenaan syarikat yang dijual.
(d) Hartanah, Loji dan Peralatan dan Susutnilai
Kesemua hartanah, loji dan peralatan pada mulanya dinyatakan pada kos. Kos-kos berikutnya mengambilkira nilai
dibawa aset atau diiktiraf sebagai aset berasingan sekiranya sesuai, apabila sudah nyata bahawa manfaat ekonomi
yang berhubung dengan sebarang urusniaga akan menyalur ke Kumpulan dan kos boleh dikira dengan tepat. Nilai
dibawa bagi bahagian diganti akan dinyahiktirafkan. Kesemua pembaikan dan peyelenggaraan akan diiktiraf ke
penyata pendapatan dalam tempoh kewangan ianya berlaku.
Selepas pengiktirafan, hartanah, loji dan peralatan dinyatakan pada kos selepas ditolak susutnilai terkumpul dan
kerugian rosotnilai terkumpul.
Pembinaan dalam perlaksanaan tidak disusutnilaikan. Susutnilai bagi hartanah, loji dan peralatan lain diperuntukkan
mengikut kaedah garis lurus untuk menghapuskira kos setiap aset kepada nilai sisa sepanjang anggaran hayat
kegunaan pada kadar tahunan seperti berikut:
Bangunan
Loji dan mesin Kenderaan
Peralatan pejabat Ubahsuai pejabat
Kelengkapan dan lekapan
Papan tanda
2%
10% - 20%
10% - 20%
10% - 20%
8% - 10%
10% - 20%
10%
Nilai sisa, hayat kegunaan dan kaedah susutnilai dikaji semula pada setiap penyata kewangan akhir tahun bagi
memastikan amaun, kaedah dan tempoh susutnilai adalah konsisten dengan anggaran terdahulu dan anggaran
corak penggunaan manfaat ekonomi bagi hartanah, loji dan peralatan tersebut.
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Sesuatu hartanah, loji dan peralatan dinyahiktiraf selepas dilupuskan atau apabila tiada manfaat ekonomi dijangkakan
dari penggunaan atau pelupusannya. Sekiranya ada, perbezaan antara hasil pelupusan bersih dan nilai dibawa
bersih diiktiraf dalam keuntungan atau kerugian dan bahagian lebihan penilaian semula yang belum digunakan terus
di masukkan dalam perolehan tertahan
(e) Pelaburan Hartanah
Pelaburan hartanah adalah hartanah yang dipegang untuk menjanakan pendapatan sewa atau peningkatan nilai
hartanah atau kedua-duanya. Hartanah tersebut dinilaikan pada kos, termasuk kos transaksi.
Pelaburan hartanah akan dinyahiktirafkan selepas dilupuskan atau selepas pelaburan hartanah tersebut telah
dihentikan penggunaannya dan tiada manfaat ekonomi dijangkakan daripada pelupusannya. Sebarang keuntungan
atau kerugian dari persaraan atau pelupusan hartanah pelaburan akan diiktiraf dalam keuntungan atau kerugian
pada tahun berkenaan.
Polisi susutnilai bagi pelaburan hartanah adalah sejajar dengan susutnilai bagi hartanah, loji dan peralatan seperti
yang dinyatakan di Nota 2.2(d).
31 DISEMBER 2007
(f) Tanah untuk Pembangunan dan Kos Pembangunan Hartanah
(i) Tanah untuk Pembangunan
Tanah untuk pembangunan terdiri daripada tanah di mana tidak ada kegiatan pembangunan dilaksanakan
atau di mana kegiatan pembangunan dijangka tidak akan disiapkan dalam kitaran kendalian biasa. Tanah ini
diklasifikasikan sebagai aset bukan semasa dan dinyatakan pada kos tolak kerugian rosotnilai terkumpul.
Tanah untuk pembangunan diklasifikasikan semula sebagai kos pembangunan hartanah apabila kerja
pembangunan telah dilaksanakan dan dijangkakan akan siap dalam masa kitaran kendalian biasa.
(ii) Kos Pembangunan Hartanah
Kos pembangunan hartanah mengandungi kos-kos terlibat secara langsung kepada aktiviti-aktiviti pembangunan
atau yang boleh diagihkan secara munasabah aktiviti tersebut.
Jika hasil aktiviti pembangunan boleh dianggarkan dengan sewajarnya, hasil pembangunan hartanah dan
kos pembangunan hartanah diiktiraf dalam penyata pendapatan dengan merujuk kepada kaedah peringkat
penyiapan. Peringkat penyiapan diukur dengan merujuk kepada pembahagian kos pembangunan hartanah
yang ditanggung bagi kerja yang telah dijalankan sehingga kini kepada jumlah anggaran kos pembangunan
hartanah.
Jika hasil pembangunan hartanah tidak boleh dianggarkan dengan sewajarnya, hasil pembangunan hartanah
diiktiraf setakat kos pembangunan hartanah yang ditanggung yang mungkin akan boleh diperolehi semula, dan
kos pembangunan hartanah bagi hartanah dijual diiktiraf sebagai perbelanjaan dalam tempoh ia dikenakan.
Sebarang kerugian yang dijangka atas projek pembangunan termasuk tempoh tanggungan liabiliti diiktiraf
sebagai perbelanjaan dengan serta-merta.
Kos pembangunan hartanah yang tidak diiktiraf sebagai perbelanjaan akan diiktiraf sebagai aset yang dinilaikan
pada harga terendah di antara kos dan nilai boleh realis bersih.
Apabila hasil diiktiraf di dalam penyata pendapatan melebihi bayaran kepada pembeli, baki ditunjukkan sebagai
bayaran terhutang di dalam penghutang perdagangan dan apabila bayaran kepada pembeli melebihi hasil
diiktiraf didalam penyata pendapatan, baki ditunjukkan sebagai bayaran kemajuan di dalam pemiutang
perdagangan.
(g) Kontrak Pembinaan
Jika hasil kontrak pembinaan boleh dianggarkan dengan sewajarnya, hasil kontrak dan kos kontrak masing-masing
diiktiraf sebagai hasil dan perbelanjaan dengan merujuk kepada peringkat penyiapan aktiviti-aktiviti kontrak. Peringkat
penyiapan diukur dengan merujuk kepada bahagian kos kontrak yang ditanggung bagi kerja yang telah dijalankan
sehingga kini kepada jumlah anggaran kos kontrak.
Jika hasil kontrak pembinaan tidak boleh dianggarkan dengan sewajarnya, hasil kontrak diiktiraf setakat kos kontrak
yang ditanggung yang mungkin akan boleh diperolehi semula. Kos kontrak diiktiraf sebagai perbelanjaan dalam
tempoh ia dikenakan.
Apabila jumlah kos kontrak berkemungkinan akan melebihi hasil kontrak, kerugian yang dijangka diiktiraf sebagai
perbelanjaan dengan serta-merta.
Apabila kos ditanggung atas kontrak pembinaan ditambah keuntungan diiktiraf (tolak kerugian diiktiraf) melebihi
bayaran berperingkat, baki ditunjukkan sebagai jumlah terhutang daripada pelanggan kontrak. Apabila bayaran
berperingkat melebihi kos ditanggung ditambah keuntungan diiktiraf (tolak kerugian diiktiraf), baki ditunjukkan sebagai
jumlah terhutang kepada pelanggan kontrak.
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31 DISEMBER 2007
(h) Inventori
Inventori dinyatakan pada harga terendah di antara kos dan nilai boleh realis bersih.
Inventori ditentukan pada asas masuk dahulu, keluar dahulu. Kos bahan mentah terdiri daripada kos pembelian.
Kos barang siap dan kerja dalam perlaksanaan terdiri daripada kos bahan mentah, kos perkerja, kos langsung dan
pembahagian overhed pengeluaran. Kos hartanah belum jual termasuk kos berkaitan dengan pembelian tanah, kos
langsung dan pembahagian kos umum yang sewajarnya.
Nilai boleh realis bersih merupakan harga jualan anggaran di dalam urusniaga biasa perniagaan ditolak semua kos
anggaran yang perlu ditanggung untuk melakukan jualan.
(i) Rosotnilai Aset-Aset Bukan Kewangan
Jumlah nilai dibawa aset, selain daripada pelaburan hartanah, aset kontrak pembinaan, kos pembangunan hartanah
dan inventori dikaji semula pada setiap tarikh lembaran imbangan untuk menentukan sama ada terdapat sebarang
petunjuk yang aset telah mengalami rosotnilai. Jika sebarang petunjuk wujud, jumlah yang boleh diperoleh daripada
aset dianggarkan berdasarkan jumlah kerugian rosotnilai.
Bagi muhibah, nilai yang boleh diperolehi dianggar pada setiap tarikh lembaran imbangan atau lebih kerap sekiranya
peristiwa atau perubahan dalam keadaan yang menunjukkan nilai dibawa mungkin mengalami kerugian rosotnilai.
Bagi tujuan menguji rosotnilai aset, nilai boleh diperoleh adalah berdasarkan asas aset individu melainkan aset
tidak menjana aliran tunai yang bergantung sepenuhnya kepada aset-aset lain. Dalam kes ini, nilai boleh diperoleh
adalah berdasarkan unit penjana tunai (“UPT”) kepada aset dipunyai tersebut. Muhibah diperoleh dalam kombinasi
perniagaan dari tarikh pengambilalihan diagihkan kepada setiap Kumpulan UPT atau kumpulan-kumpulan UPT yang
dijangka dimanfaat dari kombinasi sinergi, walaupun aset-aset atau liabiliti-liabiliti lain Kumpulan diberikan kepada
unit-unit tersebut atau kumpulan-kumpulan unit.
Nilai boleh diperoleh aset adalah yang mana lebih tinggi dari aset atau nilai saksama UPT ditolak kos untuk menjual
dengan nilai boleh diguna. Dalam mentaksir nilai boleh diguna, anggaran aliran tunai masa hadapan didiskaunkan
kepada nilai kini menggunakan kadar diskaun sebelum cukai yang menunjukkan nilai masa tunai dalam pasaran
semasa dan risiko tertentu kepada aset. Dimana nilai dibawa aset melebihi nilai boleh diperoleh, aset dikatakan telah
merosotnilai dan dikurang nilai kepada nilai boleh diperoleh. Kerugian rosotnilai diiktiraf bagi UPT atau kumpulan UPT
diagihkan terdahulu bagi mengurangkan nilai dibawa muhibah kepada unit-unit atau kumpulan-kumpulan unit, dan
kemudiannya dikurangkan secara pro-rata kepada nilai dibawa aset-aset lain.
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Rosotnilai diiktiraf dalam untung atau rugi bagi tempoh dimana ianya berlaku melainkan aset dibawa pada amaun
dinilaisemula yang mana rosotnilai diakaunkan sebagai kurangan penilaian semula setakat mana rosotnilai tersebut
tidak melebihi amaun aset yang sama didalam rizab penilaian semula.
Rosotnilai muhibah tidak dibalikkan semula dalam tempoh berikutnya. Rosotnilai selain daripada muhibah dibalikkan
semula sekiranya ada perubahan anggaran digunakan bagi menentukan nilai boleh diperoleh dari rosotnilai diiktiraf
terdahulu. Nilai dibawa bagi aset selain daripada muhibah akan ditambah kepada nilai boleh diperoleh yang dipinda,
sekiranya amaun ini tidak melebihi nilai dibawa (bersih setelah susutnilai atau pelunasan) yang ditentukan sekiranya
tiada rosotnilai diiktiraf bagi aset dalam tahun-tahun terdahulu. Pembalikan rosotnilai bagi aset selain muhibah
diiktiraf dalam untung atau rugi, melainkan aset dibawa pada amaun nilaian semula yang mana dalam kes tersebut
pembalikan ditunjukkan sebagai tambahan dalam penilaian semula.
31 DISEMBER 2007
(j) Instrumen Kewangan
Instrumen kewangan diiktiraf dalam lembaran imbangan apabila Kumpulan menjadi pihak kepada peruntukan
berkontrak instrumen berkenaan.
Instrumen kewangan adalah diklasifikasikan sebagai liabiliti atau ekuiti menurut peruntukan dalam perjanjian
kontrak. Faedah, dividen, laba dan kerugian berkenaan dengan instrumen kewangan yang diklasifikasikan sebagai
liabiliti, dilaporkan sebagai perbelanjaan atau pendapatan. Pengagihan kepada pemegang instrumen kewangan
diklasifikasikan sebagai ekuiti dikenakan terus ke ekuiti. Instrumen kewangan dikontra apabila Kumpulan mempunyai
hak mengikut undang-undang dan berniat untuk menyelesaikannya secara bersih atau dengan merealisasikan aset
dan menyelesaikan liabiliti secara serentak.
(i) Tunai dan Kesetaraan Tunai
Bagi tujuan penyata aliran tunai, tunai dan kesetaraan tunai termasuk tunai di tangan dan di bank, deposit tetap
dan deposit dipanggil, ditolak baki overdraf bank.
(ii) Sekuriti Boleh Pasar
Sekuriti boleh pasar dibawa pada harga terendah di antara kos dan nilai pasaran, yang ditentukan atas asas
agregat. Kos ditentukan atas asas purata wajaran manakala nilai pasaran ditentukan berdasarkan nilai pasaran
dicatat. Tambahan atau kurangan dalam jumlah dibawa bagi sekuriti boleh pasar diiktiraf dalam untung atau
rugi. Apabila sekuriti boleh pasar dilupuskan, perbezaan antara hasil pelupusan bersih dan nilai dibawa akan
diiktiraf dalam untung atau rugi.
(iii) Penghutang Perdagangan
Penghutang perdagangan dibawa pada nilai yang dijangka boleh direalisasi. Hutang lapuk dihapuskira apabila
dikenalpasti. Anggaran dibuat bagi hutang ragu berdasarkan kajian semula ke atas semua jumlah yang belum
dijelaskan pada tarikh lembaran imbangan.
(iv)Pemiutang Perdagangan
Pemiutang perdagangan dinyata pada kos, iaitu pada nilai saksama balasan yang akan dibayar pada masa
hadapan untuk barang dan perkhidmatan yang diterima.
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(v) Pinjaman Berfaedah
Semua pinjaman mulanya diiktiraf pada nilai saksama pada jumlah hasil diterima ditolak kos urusniaga secara
langsung. Selepas diiktiraf, faedah pinjaman dinilaikan pada kos pelunasan menggunakan kaedah faedah
berkesan.
(vi)Instrumen Ekuiti
Saham biasa diklasifikasikan sebagai ekuiti. Dividen atas saham biasa diiktiraf dalam ekuiti dalam tempoh di
mana ia diisytiharkan.
31 DISEMBER 2007
(k) Pajakan
(i) Pengelasan
Pajakan diiktiraf sebagai pajakan kewangan jika kesemua risiko dan manfaat berkenaan dengan hakmilik
dipindahkan secara besarannya kepada Kumpulan. Pajakan tanah dan bangunan adalah dikelaskan
sebagai pajakan operasi atau pajakan kewangan sama seperti pajakan aset-aset lain dan elemen tanah dan
bangunan adalah ditimbang secara berasingan bagi tujuan pengelasan pajakan. Kesemua pajakan yang tidak
memindahkan kesemua risiko dan manfaat dikelas sebagai pajakan operasi.
(ii) Pajakan Kewangan - Kumpulan sebagai penerima pajak
Aset yang diperolehi secara sewabeli atau pajakan kewangan dinyatakan pada jumlah yang bersamaan
dengan nilai saksama atau bayaran nilai kini minimum pajakan pada permulaan pajakan, yang mana lebih
rendah, setelah ditolak susutnilai terkumpul dan kerugian rosotnilai. Liabiliti yang berkaitan dimasukkan di dalam
lembaran imbangan sebagai pinjaman. Dalam pengiraan bayaran nilai kini minimum pajakan, faktor diskaun
yang digunakan adalah kadar faedah yang terkandung dalam pajakan, jika ia adalah praktikal untuk ditentukan;
atau sebaliknya, kadar pinjaman bertambah Syarikat akan digunakan. Sebarang kos permulaan secara langsung
juga ditambah kepada nilai dibawa oleh aset berkenaan.
Bayaran pajakan diagihkan di antara kos kewangan dan kurangan liabiliti tertunggak. Kos kewangan, yang
merupakan perbezaan di antara jumlah komitmen pajakan dan nilai saksama perolehan aset, diiktiraf sebagai
perbelanjaan dalam penyata pendapatan di sepanjang jangka masa pajakan tersebut untuk membolehkan
penghasilan satu kadar tempoh faedah yang berkala ke atas baki obligasi bagi setiap tempoh perakaunan.
Polisi susutnilai bagi aset pajakan adalah sejajar dengan susutnilai bagi hartanah, loji dan peralatan seperti yang
dinyatakan di Nota 2.2(d).
(iii) Pajakan Operasi - Kumpulan sebagai penerima pajak
Pajakan operasi adalah diiktiraf sebagai satu perbelanjaan mengikut kaedah garis lurus sepanjang jangka
masa pajakan yang berkaitan. Insentif manfaat galakan yang disediakan oleh pemberi pajak diiktiraf sebagai
pengurangan perbelanjaan sewa sepanjang jangka masa pajakan mengikut kaedah garis lurus.
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Di dalam kes pajakan tanah dan bangunan, bayaran minimum pajakan atau pembayaran terdahulu diagihkan,
bila perlu, antara elemen tanah dan bangunan dalam kadar nilai saksama relatif untuk faedah pajakan dalam
elemen tanah dan bangunan pada permulaan pajakan. Pembayaran terdahulu mewakili pembayaran pajakan
prabayar dan dilunaskan mengikut kaedah garis lurus sepanjang jangka masa pajakan.
(l) Cukai Pendapatan
Cukai pendapatan atas keuntungan atau kerugian untuk tahun semasa terdiri daripada cukai semasa dan cukai
tertunda. Cukai semasa mewakili cukai pendapatan yang dijangka akan dikenakan ke atas keuntungan tahun semasa
yang boleh dicukai dan dikira pada kadar cukai yang berkuatkuasa pada tarikh lembaran imbangan.
Cukai tertunda diperuntukkan menggunakan kaedah liabiliti. Mengikut prinsip, liabiliti cukai tertunda diiktiraf untuk semua
perbezaan sementara yang boleh dicukai dan aset cukai tertunda diiktiraf untuk semua perbezaan sementara yang
boleh ditolak, kerugian cukai belum diguna dan kredit cukai belum diguna setakat mana keuntungan boleh dicukai
untuk digunakan atas perbezaan sementara yang boleh dipotong, kerugian cukai belum diguna dan kredit cukai
belum diguna. Cukai tertunda tidak diiktiraf jika perbezaan sementara timbul daripada muhibah atau muhibah negatif
atau daripada pengiktirafan awal sesuatu aset atau liabiliti dalam sesuatu transaksi yang bukan penggabungan
perniagaan dan pada masa transaksi tersebut, tidak mengakibatkan perubahan kepada keuntungan perakaunan
dan juga keuntungan bercukai.
31 DISEMBER 2007
(l) Cukai Pendapatan (Samb.)
Cukai tertunda dikira pada kadar cukai yang dijangka akan digunakan dalam tempoh di mana aset direalisasi atau
liabiliti diselesaikan, berasaskan kadar cukai yang berkuatkuasa pada tarikh lembaran imbangan. Cukai tertunda
diiktiraf sebagai pendapatan atau perbelanjaan dan termasuk dalam untung atau rugi bagi tempoh kecuali jika ia
timbul dari urusniaga yang diiktiraf secara langsung di ekuiti, di mana cukai tertunda itu juga dikenakan atau dikreditkan
secara langsung di ekuiti, atau jika ia timbul dari kombinasi perniagaan secara pengambilalihan, cukai tertunda itu
dimasukkan ke dalam muhibah atau sebarang lebihan kepentingan sipengambil dalam nilai saksama aset-aset,
liabiliti-liabiliti dan liabiliti luarjangka syarikat yang diambilalih yang dikenalpasti ke atas kos pengambilalihan.
(m)Manfaat Pekerja
(i) Manfaat Jangka Pendek
Upah, gaji, bonus dan caruman keselamatan sosial diiktiraf sebagai perbelanjaan dalam tahun di mana
perkhidmatan berkenaan diberi oleh pekerja Kumpulan.Cuti berbayar terkumpul jangka pendek seperti cuti
tahunan berbayar diiktiraf apabila perkhidmatan diberi oleh pekerja yang meningkatkan hak mereka kepada cuti
berbayar di masa hadapan, dan cuti berbayar tidak terkumpul jangka pendek seperti cuti sakit diiktiraf apabila
cuti berlaku.
(ii) Rancangan Caruman Tertentu
Rancangan caruman tertentu adalah rancangan manfaat persaraan yang mana Kumpulan membayar caruman
tetap kepada syarikat berasingan atau tabung dan tidak mempunyai sebarang tanggungjawab disisi undangundang atau tanggungan konstruktif untuk meneruskan bayaran caruman sekiranya mana-mana tabung tidak
mempunyai aset yang mencukupi berkaitan khidmat pekerja dalam tahun kewangan semasa dan terdahulu.
Caruman berkenaan diiktiraf sebagai perbelanjaan di dalam untung dan rugi apabila berlaku. Seperti yang
termaktub di dalam undang-undang, Kumpulan perlu membuat caruman kepada Kumpulan Wang Simpanan
Pekerja (“KWSP”).
(iii) Rancangan Manfaat Tertentu
Kumpulan mengendalikan satu manfaat tertentu Skim Manfaat Persaraan (“Skim”) yang tidak dibiayai untuk pekerja
yang layak. Tanggungan Kumpulan di bawah Skim ini adalah ditentukan menggunakan Kaedah Peramalan Unit
Kredit berdasarkan kepada penilaian aktuari bebas di mana jumlah manfaat yang telah diganjarkan kepada
pekerja sebagai pulangan bagi perkhidmatan mereka bagi tahun semasa dan tahun sebelumnya dianggarkan.
Manfaat tersebut didiskaunkan untuk menentukan nilai kininya.
Keuntungan atau kerugian aktuari diiktiraf sebagai pendapatan atau perbelanjaan kepada anggaran purata
hayat kerja pekerja apabila keuntungan atau kerugian aktuari kumulatif tidak diiktiraf bagi Skim melebihi 10%
dari yang tertinggi dari nilai kini rancangan manfaat tertentu dan nilai saksama rancangan aset. Kos khidmat
terdahulu diiktiraf serta merta setakat mana manfaat telah diletak hak dan ataupun dilunaskan mengikut kaedah
garis lurus sepanjang tempoh purata sehingga manfaat pindaan diletak hak. Sekiranya manfaat telah diletak hak
sebaik sahaja Skim diperkenalkan atau dipinda, kos khidmat terdahulu diiktiraf serta-merta.
Amaun diiktiraf dalam lembaran imbangan mewakili nilai kini rancangan manfaat tertentu dilaraskan bagi
keuntungan atau kerugian aktuari dan kos khidmat terdahulu tidak diiktiraf, dan dikurangkan oleh nilai saksama
rancangan aset. Sebarang aset terhasil daripada pengiraan ini adalah terhad kepada jumlah bersih dari kerugian
aktuari tidak diiktiraf dan kos khidmat terdahulu, dan nilai kini manfaat ekonomi dalam bentuk pulangan atau
pengurangan caruman rancangan di masa hadapan.
133
31 DISEMBER 2007
(n) Pengiktirafan Pendapatan
Pendapatan diiktiraf apabila sudah nyata bahawa manfaat ekonomi yang berhubung dengan urusniaga akan
menyalur ke Kumpulan dan Syarikat, dan jumlah pendapatan boleh dikira dengan tepat. Berikut adalah kriteria spesifik
pengiktirafan yang perlu ada sebelum pendapatan diiktiraf:
(i) Hartanah Pembangunan
Pendapatan daripada jualan hartanah pembangunan diambilkira dengan merujuk kepada peringkat penyiapan
seperti yang dinyatakan di Nota 2.2(f)(ii).
(ii) Kontrak Pembinaan
Pendapatan daripada kontrak pembinaan diambilkira mengikut kaedah peratusan penyiapan seperti yang
dinyatakan di Nota 2.2(g).
(iii) Jualan Barang-barang
Pendapatan berkaitan dengan jualan barang-barang diiktiraf bersih cukai jualan dan diskaun, apabila risiko dan
manfaat dipindahkan dengan sempurna. Pendapatan tidak diambil kira jika terdapat kemungkinan besar wang
balasan tidak dapat dipulihkan, kos berkaitan dan pemulangan barangan.
(iv)Pendapatan daripada Perkhidmatan
Pendapatan daripada perkidmatan yang diberikan diiktiraf bersih daripada cukai perkhidmatan dan diskaun
apabila perkhidmatan tersebut telah dilaksanakan.
(v) Pendapatan Dividen
Pendapatan dividen diiktiraf apabila hak pemegang saham untuk menerima bayaran telah terbukti.
(vi)Pendapatan Sewa
Pendapatan sewa daripada pelaburan hartanah diiktiraf mengikut kaedah garis lurus atas tempoh pajakan.
(vii)Pendapatan Faedah
Pendapatan faedah diiktiraf berdasarkan asas akruan menggunakan kadar faedah berkesan.
(viii)Yuran Pengurusan
Yuran pengurusan diiktiraf apabila perkhidmatan tersebut telah dilaksanakan.
134
(o) Kos Pinjaman
Kos pinjaman secara langsung berkenaan pengambilalihan, pembinaan atau pengeluaran aset yang layak, iaitu aset
yang sememangnya mengambil masa yang panjang untuk disiapkan untuk digunakan atau dijual, dipermodalkan
sebagai sebahagian kos aset-aset tersebut, sehingga tiba masa aset itu sedia atau hampir sedia untuk diguna
atau dijual. Pendapatan pelaburan diperoleh dari pelaburan sementara sesuatu pinjaman khusus menungggu
perbelanjaan ke atas aset yang layak, ditolak daripada kos pinjaman yang boleh dimodalkan.
Semua kos pinjaman lain diiktiraf sebagai perbelanjaan dalam penyata pendapatan dalam tempoh di mana ia
berlaku.
31 DISEMBER 2007
(p) Peruntukan
(q) Fungsi dan Pembentangan Matawang
Peruntukan diiktiraf apabila Kumpulan mempunyai obligasi kini hasil daripada kejadian lampau dan kemungkinan
terdapat aliran keluar sumber yang mengandungi manfaat ekonomi yang diperlukan untuk menyelesaikan obligasi
tersebut dan jumlah anggaran yang munasabah boleh dibuat. Peruntukan dikaji pada setiap tarikh lembaran
imbangan dan diselaraskan untuk menggambarkan anggaran semasa yang terbaik. Jika kesan nilai masa wang
adalah penting, jumlah peruntukan adalah didiskaun pada kadar pra-cukai yang mencerminkan risiko khusus yang
ditanggung. Bila kaedah mendiskaun digunakan, tambahan kepada peruntukan kerana jangka masa diiktiraf sebagai
kos kewangan.
Penyata kewangan individu setiap syarikat di dalam Kumpulan dinilai menggunakan matawang utama persekitaran
ekonomi dimana syarikat beroperasi (“fungsi matawang”). Penyata kewangan disatukan dinyatakan dalam Ringgit
Malaysia (RM), yang mana adalah juga fungsi matawang Syarikat.
2.3 Perubahan dalam Polisi-Polisi Perakaunan, Kesan dan Perubahan dalam Perbandingan Hasil daripada Menerima
Pakai FRS Baru dan Pindaan
Pada 1 Januari 2007, Kumpulan dan Syarikat telah menerima pakai FRS baru dan pindaan yang berikut:
FRS 117
: Pajakan
FRS 124
: Pembentangan Pihak Berkaitan
Pindaan kepada FRS 1192004: Manfaat Pekerja - Keuntungan dan Kerugian Aktuari, Pelan Kumpulan dan Penyataan.
MASB juga menerbitkan FRS 6: Penerokaan dan Penilaian Sumber Mineral yang akan berkuatkuasa bagi tempoh
kewangan bermula pada atau selepas 1 Januari 2007. Walaubagaimanapun, FRS 6 adalah tidak berkaitan dengan
operasi Kumpulan atau Syarikat.
Penggunaan FRS 124 dan Pindaan kepada FRS 1192004 menyebabkan tambahan pendedahan tetapi tidak membawa
kepada perubahan penting dalam polisi-polisi perakaunan Kumpulan dan Syarikat.
Perubahan utama di dalam polisi-polisi perakaunan dan kesan-kesan menerima pakai Semakan kepada FRS 117 adalah
seperti yang dibincangkan di bawah:
(a) Tanah pegang pajak dipegang untuk kegunaan sendiri
Sebelum 1 Januari 2007, tanah pegang pajak untuk kegunaan sendiri adalah dikelaskan sebagai hartanah, loji dan
peralatan dan dinyatakan pada kos ditolak susutnilai terkumpul dan kerugian rosotnilai. Kesan daripada menerima
pakai Semakan kepada FRS 117 mengakibatkan perubahan dalam polisi perakaunan berkaitan dengan pengelasan
pajakan tanah dan bangunan. Pajakan tanah dan bangunan dikelaskan sebagai pajakan operasi atau pajakan
kewangan sama seperti pajakan aset-aset lain dan elemen tanah dan bangunan adalah ditimbang secara berasingan
bagi tujuan pengelasan pajakan. Pajakan tanah pegang pajak untuk kegunaan sendiri kini adalah dikelaskan sebagai
pajakan operasi dan bila perlu, bayaran minimum pajakan atau pembayaran terdahulu diagihkan di antara elemen
tanah dan bangunan pajakan pada permulaan pajakan. Pembayaran terdahulu berkaitan dengan elemen tanah
tersebut mewakili pembayaran pajakan tanah prabayar dan dilunaskan mengikut kaedah garis lurus sepanjang
jangka masa pajakan.
135
31 DISEMBER 2007
2.3 Perubahan dalam Polisi-Polisi Perakaunan, Kesan dan Perubahan dalam Perbandingan Hasil daripada Menerima
Pakai FRS Baru dan Pindaan (Samb.)
(a) Tanah pegang pajak dipegang untuk kegunaan sendiri (Samb.)
Kumpulan telah menerima pakai perubahan dalam polisi perakaunan berkaitan dengan tanah pegang pajak
mengikut peruntukan transisi FRS 117. Pada 1 Januari 2007, baki pajakan tanah yang belum dilunaskan adalah
kekal sebagai nilai pemangku pada nilai dibawa oleh pembayaran pajakan tanah prabayar seperti mana yang
dibenarkan oleh peruntukan transisi. Kesan-kesan ke atas lembaran imbangan disatukan pada 31 Disember 2007
adalah seperti yang dinyatakan di bawah:
2007
RM
Tidak ada kesan ke atas penyata pendapatan disatukan bagi tahun berakhir 31 Disember 2007 dan penyata
kewangan Syarikat.
Pengelasan tanah pegang pajak sebagai pembayaran pajakan prabayar diambilkira secara retrospektif dan angkaangka perbandingan tertentu telah dinyatakan semula.
Sebagaimana Sebagaimana
Dinyatakan Tambahan/ Dinyatakan
Sebelumnya
(kurangan)
Semula
RM RM RM
Pembayaran pajakan tanah prabayar
13,144,936 -
(86,106)
86,106 13,058,830
86,106
(b) Asas kos terus
(83,898)
83,898
136
Kurangan dalam hartanah, loji dan peralatan
Tambahan dalam Pembayaran pajakan kewangan Syarikat
Sebelum 1 Januari 2007, Kumpulan sebagai pemberi pajakan dalam susunan pajakan operasi, telah mengenal
pasti asas kos terus yang terlibat dalam perundingan dan penyusunan pajakan sebagai perbelanjaan dalam untung
atau rugi dalam tempoh ia berlaku. Semakan kepada FRS 117 memerlukan kos seperti itu untuk ditambah kepada
nilai dibawa aset pajakan dan dikenal pasti sebagai perbelanjaan sepanjang jangka masa pajakan atas dasar yang
sama seperti pendapatan pajakan. Selaras dengan Semakan kepada FRS 117, perubahan dalam polisi perakaunan
ini seharusnya digunakan secara retrospektif. Secara am, Syarikat tidak akan terlibat dengan asas kos terus dalam
perundingan dan penyusunan pajakan dan akibatnya, perubahan dalam polisi perakaunan ini tidak mendatangkan
kesan ketara kepada penyata kewangan Syarikat.
31 DISEMBER 2007
2.4 FRS, Pindaan kepada FRS dan Interpretasi (“IC”) Dibentangkan tetapi Belum Berkuatkuasa Pada tarikh kelulusan penyata kewangan ini, FRS baru dan dipinda, pindaan kepada FRS dan Interpretasi Jawatankuasa
Terbitan (Issues Committee atau “IC” Interpretations) berikut telah dibentangkan tetapi belum berkuatkuasa dan belum
diterima pakai oleh Kumpulan dan Syarikat:
Berkuatkuasa untuk
tempoh kewangan
bermula dari atau selepas
FRS 107
: Penyata Aliran Tunai
FRS 111
: Kontrak Pembinaan
FRS 112
: Cukai Pendapatan
FRS 118
: Pendapatan
FRS 120
: Perakaunan untuk Pemberian daripada Kerajaan dan Pendedahan Bantuan Kerajaan
FRS 134
: Laporan Kewangan Interim FRS 137
: Peruntukan, Liabiliti Luarjangka dan Aset Luarjangka
FRS 139
: Instrumen Kewangan: Pengiktirafan dan Penilaian
Pindaan kepada FRS 121 : Kesan Perubahan dalam Kadar Tukaran Matawang Asing
– Pelaburan Bersih dalam Operasi Asing
IC Interpretasi 1
: Perubahan dalam Penghapusan yang Sedia Ada, Pembaikpulihan
dan Liabiliti-Liabiliti yang Seakan Sama Dengannya
IC Interpretasi 2
: Saham Ahli-ahli di dalam Entiti Koperasi dan Instrumen-instrumen Seakan Sama Dengannya
IC Interpretasi 5
: Hak untuk Faedah akibat Penghapusan, Pembaikpulihan dan Dana Pemulihan Persekitaran
IC Interpretasi 6
: Liabiliti akibat Menyertai di dalam satu Pasaran Khusus
– Peralatan Elektrik dan Elektronik Buangan
IC Interpretasi 7
: Menggunakan Kaedah Penyataan Semula di bawah FRS 1292004
– Laporan Kewangan di dalam Ekonomi Inflasi Terlampau
IC Interpretasi 8
: Bidang FRS 2
1 Julai 2007
1 Julai 2007
1 Julai 2007
1 Julai 2007
1 Julai 2007
1 Julai 2007
1 Julai 2007
Ditunda
1 Julai 2007
1 Julai 2007
1 Julai 2007
1 Julai 2007
1 Julai 2007
1 Julai 2007
1 Julai 2007
Penggunaan awal FRS baru dan dipinda, pindaan kepada FRS dan Interpretasi di atas dijangkakan tidak membawa kesan
penting ke atas penyata kewangan Kumpulan dan Syarikat.
Kumpulan dan Syarikat dikecualikan daripada mendedahkan kesan kemungkinan, jika ada kepada penyata kewangan
ketika penggunaan awal FRS 139.
2.5 Anggaran Perakaunan Ketara dan Pernilaian
(a) Andaian Kritikal Dalam Menggunakan Polisi-Polisi Perakaunan
Tidak ada pertimbangan penting dibuat dalam menggunakan polisi-polisi perakaunan Kumpulan yang mempunyai
kesan yang ketara kepada amaun yang diiktiraf dalam penyata kewangan.
(b) Sumber Utama Untuk Ketidakpastian Anggaran
Andaian utama berkaitan dengan masa depan dan lain-lain sumber utama ketidakpastian anggaran pada tarikh
lembaran imbangan, yang mempunyai risiko ketara dan menyebabkan suatu perubahan ketara kepada nilai bawaan
aset-aset dan liabiliti-liabiliti dalam tahun kewangan seterusnya dibincangkan seperti di bawah:
(i) Susutnilai hartanah, loji dan peralatan kilang
Kos loji, mesin dan peralatan kilang disusutnilai mengikut kaedah garis lurus kepada jangka hayat aset. Pengurusan
menganggarkan jangka hayat loji, mesin dan peralatan kilang berkenaan adalah diantara 5 hingga 20 tahun. Ini
adalah jangka hayat umum yang diguna pakai bagi hartanah, loji dan peralatan Kumpulan. Perubahan dalam
tahap penggunaan dan kemajuan teknologi tidak akan memberi kesan penting kepada jangka hayat ekonomi
dan nilai sisa hartanah, loji dan peralatan. Maka, susutnilai dikenakan di masa hadapan tidak akan mempunyai
perbezaan yang ketara.
137
FRS, Pindaan kepada FRS dan Interpretasi
31 DISEMBER 2007
2.5 Anggaran Perakaunan Ketara dan Pernilaian (Samb.)
(b) Sumber Utama Untuk Ketidakpastian Anggaran (Samb.)
(ii) Pembangunan hartanah
Kumpulan mengiktiraf hasil pembangunan hartanah dan kos pembangunan hartanah dalam penyata
pendapatan dengan merujuk kepada kaedah peringkat penyiapan. Peringkat penyiapan diukur dengan merujuk
kepada pembahagian kos pembangunan hartanah yang ditanggung bagi kerja yang telah dijalankan sehingga
kini kepada jumlah anggaran kos pembangunan hartanah.
Andaian yang ketara diperlukan dalam menentukan peringkat penyiapan, jumlah kos pembangunan hartanah
yang ditanggung bagi kerja yang telah dijalankan, dan juga pemulihan daripada projek pembangunan. Andaian
dibuat oleh Kumpulan berdasarkan pengalaman lepas dan menggunakan pakar-pakar tertentu.
(iii) Kerugian rosotnilai muhibah
Kumpulan menentukan sama ada muhibah mengalami rosotnilai sekurang-kurangnya setahun sekali. Ini
memerlukan anggaran ke atas nilai boleh diguna unit penjana tunai (“UPT”) dimana muhibah diperuntukkan.
Penganggaran nilai digunakan memerlukan pengurusan membuat anggaran ke atas jangkaan aliran tunai
daripada UPT akan datang dan juga memilih kadar diskaun yang bersesuaian untuk pengiraan nilai semasa. Nilai
bawaan muhibah pada 31 Disember 2007 adalah RM823,258.
3. PENDAPATAN
Jualan Hartanah
Yuran pengurusan projek
Hasil kontrak pembinaan
Jualan barangan
Yuran Pengurusan
Pendapatan sewa
Pendapatan dividen
Pendapatan jualan pasir
138
2007 RM Kumpulan
2006 RM 2007 RM 76,704,714 186,614 9,736,768 9,726,107 875,720 1,972,970 7,073,388 953,057 73,296,519 266,338 20,115,094 3,987,169 669,360 1,412,953 5,911,568 -
-
-
-
-
578,640 -
13,797,595 -
609,360
12,675,195
-
107,229,338 105,659,001 4. KOS JUALAN
Kos pembangunan hartanah (Nota 13(b))
Kos tambahan bagi menyiapkan projek
Kos jualan tanah untuk pembangunan (Nota 13(a))
Kos inventori dijual
Kos perkhidmatan yang telah dilaksanakan
Kos kontrak pembinaan
Kos jualan pasir
14,376,235 13,284,555
33,481,302 47,553 1,855,070 9,977,373 704,420 9,799,460 577,222 37,526,067
5,810,454
9,376,577
538,737
19,519,806
-
56,442,400 72,771,641
2007 RM Syarikat
Kumpulan
2006
RM
2006
RM
31 DISEMBER 2007
2007 RM Kumpulan
2006 RM 2007 RM 40,867 84,935 1,130,657 677,253 10,475 68,364 7,133,495 98,304 13,782 89,765 3,081,799 1,420,702 10,720 15,009 2,025,596 -
5,143 -
-
-
-
-
7,133,495 -
6,181
805,060
405,741
2,026,385
-
7,138,638 3,243,367
9,244,350 6,657,373 6. KEUNTUNGAN SEBELUM CUKAI
Amaun-amaun berikut telah dimasukkan dalam mendapatkan keuntungan sebelum cukai:
Perbelanjaan manfaat pekerja (Nota 7)
Ganjaran para pengarah bukan eksekutif (Nota 8)
Ganjaran juruaudit:
- Tahunan semasa
- Kurangan dalam peruntukan tahun-tahun lepas
Peruntukan hutang ragu
Hartanah, loji dan peralatan dihapuskira
Perbelanjaan sewa
Pendapatan sewa
Hutang lapuk baikpulih
Turun nilai inventori baikpulih
Pelunasan pembayaran pajakan
tanah prabayar (Nota 15)
Pendapatan daripada pembatalan jualan
Susutnilai hartanah, loji
dan peralatan (Nota 12)
Susutnilai pelaburan hartanah (Nota 14)
Rosotnilai muhibah (Nota 16)
Rosotnilai hartana, loji dan peralatan
Rosotnilai tanah untuk pembangunan
dalam syarikat bersekutu
dalam subsidiari
Syarikat
Syarikat
2006
RM
2007 RM Kumpulan
2006 RM 2007 RM 11,332,274 811,450 10,074,400 815,050 1,194,265 733,200 1,027,732
701,550
133,000 400 5,504,567 51,492 586,516 (123,400)
-
-
127,000 6,500 244,471 2,760 499,514 -
(85,112)
(98,151)
10,000 -
-
-
-
-
-
-
9,000
48,690
-
2,208 -
2,208 (44,870)
-
-
-
920,891 166,057 1,132,643 176,778 20,116,367 968,418 39,968 -
-
-
17,364 -
-
-
-
17,365
-
10,000 -
-
-
-
-
3,419,957 279,559
2006
RM
139
5. KOS KEWANGAN
Perbelanjaan faedah di atas :
Sewabeli
Pinjaman berjangka Overdraf bank Kredit pusingan
Penerimaan jurubank
Yuran komitmen
Rainbow Exchangeable Bonds
Lain-lain faedah
31 DISEMBER 2007
6. KEUNTUNGAN SEBELUM CUKAI (SAMB.)
Peruntukan rosotnilai pelaburan sekuriti boleh pasar
Pendapatan faedah
dalam subsidiari baikpulih
sekuriti boleh pasar baikpulih
Peruntukan hutang ragu baikpulih
Kerugian/(keuntungan) daripada jualan
tanah untuk pembangunan
Keuntungan daripada jualan
hartanah, loji dan peralatan
Keuntungan daripada jualan tanah
dalam pembangunan
Keuntungan daripada jualan pelaburan
Peruntukan luar jangka baikpulih
7. PERBELANJAAN MANFAAT PEKERJA
Gaji dan upah
Kos keselamatan sosial
Cuti berbayar terkumpul jangka pendek
Kos persaraan - Pelan caruman tertentu
Kos persaraan - Pelan manfaat tertentu (Nota 25)
Lain-lain perbelanjaan pekerja
140
2007 RM Kumpulan
2006 RM 2007 RM Syarikat
330,093 (849,040)
-
(398,886)
330,093 (2,390,478)
(694,129)
-
-
(1,651,831)
(76,159)
(243,600)
(191,855)
(155,496)
(31,200)
-
-
-
3,915 (4,855,946)
-
-
(17,666)
(52,000)
-
-
-
(34,392,919)
(1,781,682)
(1,515,328)
(14,250)
-
-
(355,283)
-
-
2007 RM Kumpulan
2006 RM 2007 RM 7,768,461 89,719 4,510 1,055,982 590,441 1,823,161 6,609,635 81,304 96,236 873,300 568,974 1,844,951 386,017 18 -
58,080 -
750,150 340,210
303
43,850
643,369
11,332,274 10,074,400 1,194,265 1,027,732
Syari
2006
RM
2006
RM
Termasuk dalam kos pekerja Kumpulan dan Syarikat adalah ganjaran pengarah eksekutif sebanyak RM866,356 (2006:
RM514,380) dan RM440,724 (2006: RM370,500) masing-masing seperti yang dibentangkan selanjutnya di Nota 8.
31 DISEMBER 2007
8. GANJARAN PENGARAH
Ganjaran pengarah eksekutif (Nota 7):
Yuran
Emolumen lain 2007 RM Kumpulan
2006 RM 2007 RM 164,000 702,356 142,880 371,500 20,000 420,724 20,000
350,500
866,356 514,380 440,724 370,500
Ganjaran pengarah bukan eksekutif (Nota 6):
Yuran
Emolumen lain 185,000 626,450 185,000 630,050 185,000 548,200 185,000
516,550
811,450 815,050 733,200 701,550
1,677,806 1,329,430 1,173,924 1,072,050
Syarikat
2006
RM
Jumlah ganjaran pengarah
Bilangan para pengarah Syarikat mengikut turutan jumlah ganjaran sepanjang tahun adalah seperti analisa di bawah:
9. PERBELANJAAN CUKAI PENDAPATAN
Cukai pendapatan:
Cukai pendapatan Malaysia
Kurangan/(lebihan) peruntukan
dalam tahun sebelumnya
Kredit cukai diiktiraf dalam tahun semasa
Bilangan Pengarah
2007 2006
-
1
1
-
8
1
8
1
2007 RM Kumpulan
8,566,486 3,351,731 (938,726)
-
4,756 -
(5,586)
(1,554)
-
-
-
8,571,242 3,344,591 (938,726)
-
Cukai tertunda (Nota 32):
Berkaitan dengan perbezaan sementara asal
dan dibalik semula
Berkaitan dengan perubahan dalam kadar cukai
Kurangan peruntukan dalam tahun sebelumnya
(3,586,248)
(3,665)
(8,633)
74,645 -
3,394 -
-
-
-
(3,598,546)
78,039 -
-
Jumlah perbelanjaan cukai pendapatan
4,972,696 3,422,630 (938,726)
-
Kadar cukai semasa dikira pada kadar cukai berkanun 27% (2006: 28%) ke atas keuntungan boleh taksir bagi tahun semasa.
Kadar cukai berkanun akan dikurangkan dari kadar cukai semasa 27% kepada 26% berkuatkuasa daripada tahun taksiran
2008 dan kepada 25% berkuatkuasa daripada tahun-tahun taksiran berikutnya.
2006
RM
141
Pengarah eksekutif:
RM350,001 - RM400,000
RM400,001 – RM500,000
Pengarah bukan eksekutif:
RM50,001 – RM100,000
RM100,001 – RM150,000
31 DISEMBER 2007
9. PERBELANJAAN CUKAI PENDAPATAN (SAMB)
Penyata penyesuaian cukai yang dikenakan ke atas keuntungan sebelum cukai pada kadar cukai berkanun dengan
perbelanjaan cukai pada kadar cukai berkesan Kumpulan dan Syarikat adalah seperti berikut:
Kumpulan
Cukai pada kadar cukai berkanun Malaysia sebanyak 27% (2006: 28%)
Kesan perubahan kadar cukai pada baki awal cukai tertunda
Kesan atas pendapatan yang tertakluk kepada cukai sebanyak 20%
Kesan atas pendapatan yang tidak tertakluk kepada cukai
Kesan atas perbelanjaan yang tidak boleh ditolak untuk tujuan cukai
Penggunaan kerugian cukai yang tidak diiktiraf dan elaun modal belum diserap sebelum ini
Aset cukai tertunda tidak diiktiraf atas kerugian cukai belum digunakan dan elaun modal belum diserap yang timbul dalam tahun semasa
(Lebihan)/kurangan peruntukan cukai tertunda dalam tahun-tahun sebelumnya
Kurangan/(lebihan) peruntukan cukai dalam tahun-tahun sebelumnya
Penggunaan cukai kredit dalam tahun semasa
142
Perbelanjaan cukai pendapatan bagi tahun *
Syarikat
2007 RM 2006
RM
31,377,035 4,673,537
8,471,799 (2,245)
-
(9,671,216)
6,040,462 1,308,590
(6,420)
(25,772)
(74,051)
3,819,597
(695,565)
(1,812,622)
833,339 (8,634)
4,756 -
217,054
3,394
(5,586)
(1,554)
4,972,696 3,422,630
Syarikat subsidiari yang memiliki modal berbayar kurang daripada RM2.5 juta berhak menerima insentif ini.
2007 RM 2006
RM
5,361,562 3,641,991
Cukai pada kadar cukai berkanun Malaysia sebanyak 27% (2006: 28%)
Kesan atas pendapatan yang tidak tertakluk kepada cukai
Kesan atas perbelanjaan yang tidak boleh ditolak untuk tujuan cukai
Aset cukai tertunda tidak diiktiraf atas kerugian cukai tahun semasa
1,447,622 (3,114,532)
727,736
448
1,019,757
(3,467,714)
2,447,492
465
Perbelanjaan cukai pendapatan bagi tahun (938,726)
-
Penjimatan cukai bagi tahun semasa adalah daripada:
Penggunaan kerugian cukai tahun semasa
Kerugian cukai belum guna bawa ke hadapan
2007 RM Kumpulan
2006 RM 2007 RM 1,550,339 44,272 275,696 1,691,101 1,550,339 -
Syarikat
2006
RM
275,696
-
31 DISEMBER 2007
10. PENDAPATAN SESAHAM
(a) Asas
Pendapatan asas sesaham dikira dengan membahagikan keuntungan diagihkan kepada pemegang ekuiti biasa Syarikat
bagi tahun semasa dengan purata wajaran bilangan saham biasa yang diterbitkan di sepanjang tahun kewangan.
2007 2006
Keuntungan diagihkan kepada pemegang ekuiti biasa Syarikat (RM)
31,603,614 1,138,987
Bilangan purata wajaran saham biasa yang diterbitkan (unit)
205,978,000 205,978,000
Pendapatan asas sesaham (sen)
15.34 0.55
(b) Cair
Tiada pendapatan cair sesaham bagi tahun semasa ditunjukkan kerana tiada potensi kecairan ke atas saham biasa yang
tertunggak pada 31 Disember 2007.
Dividen Diiktiraf
dalam Tahun
2007 2006
RM RM
3,008,000 -
1,073,100 -
4,081,100 4,081,100 -
Dicadangkan untuk persetujuan pada
Mesyuarat Agung Tahunan
(tidak diiktiraf pada 31 Disember 2007):
Dividen pertama dan terakhir bagi tahun 2007:
2% ke atas 205,978,000 saham-saham biasa
selepas cukai 26% (1.48 sen setiap saham biasa)
3,048,474 -
-
-
4,081,100 -
4,081,100
3,008,000 3,008,000 -
-
3,048,474 - Syarikat
Diiktiraf dalam tahun:
2%ke atas 205,978,000 saham-saham biasa
-
143
11. DIVIDEN
Dividen untuk Tahun
2007 2006 RM RM Kumpulan
Diiktiraf dalam tahun:
-
3,008,000 Dividen interim bagi tahun 2007:
selepas cukai 27% (11 sen setiap saham biasa)
-
1,073,100 NOTA-NOTA KEPADA PENYATA KEWANGAN
31 DISEMBER 2007
11. DIVIDEN (SAMB.)
Dividen untuk Tahun 2007 2006 RM RM Syarikat
Dicadangkan untuk persetujuan pada
Mesyuarat Agung Tahunan
(tidak diiktiraf pada 31 Disember 2007):
3,048,474 PASDEC HOLDINGS BERHAD ANNUAL REPORT 2007
-
-
-
Pada Mesyuarat Agung Tahunan yang akan datang, dividen terakhir pada kadar 2% ke atas 205,978,000 saham-saham
biasa selepas cukai 26% yang berjumlah RM3,048,474 (1.48 sen, bersih setiap saham) berhubung tahun kewangan berakhir
31 Disember 2007 akan dicadangkan untuk kelulusan para pemegang saham. Penyata kewangan bagi tahun kewangan
berakhir 31 Disember 2007 tidak mengambil kira dividen yang dicadangkan. Dividen tersebut, jika dipersetujui oleh para
pemegang saham, akan diambilkira di dalam ekuiti pemegang saham sebagai pengasingan pendapatan tertahan dalam
tahun kewangan yang berakhir pada 31 Disember 2008.
12. HARTANAH, LOJI DAN PERALATAN
Pembinaan
dalam Bangunan Perlaksanaan RM RM 144
Dividen Diiktiraf
dalam Tahun
2007 2006
RM RM
Loji dan Mesin RM Aset-aset Lain* RM Jumlah
RM
Kumpulan
Kos
Pada 1 Januari 2007
Tambahan
Pembelian subsidiari Pelupusan
Hapuskira
10,785,856 19,699 -
-
-
-
-
2,237,500 -
-
1,670,716 712,365 -
-
-
6,847,814 1,324,714 -
(103,332)
(204,247)
19,304,386
2,056,778
2,237,500
(103,332)
(204,247)
10,805,555 2,237,500 2,383,081 7,864,949 23,291,085
Susutnilai terkumpul
Pada 1 Januari 2007
Susutnilai dikenakan bagi tahun (Nota 6)
Pelupusan
Hapuskira
Kerugian rosotnilai
585,468 218,636 -
-
-
-
-
-
-
-
1,418,305 107,074 -
-
176,778 4,241,783 595,181 (71,276)
(152,755) -
6,245,556
920,891
(71,276)
(152,755)
176,778
804,104 -
1,702,157 4,612,933 7,119,194
Nilai dibawa bersih
10,001,451 2,237,500 680,924 3,252,016 16,171,891
31 DISEMBER 2007
12. HARTANAH, LOJI DAN PERALATAN (SAMB.)
Pembinaan
dalam Bangunan Perlaksanaan RM RM Kumpulan (Samb.)
Kos
Pada 1 Januari 2006
Tambahan Pelupusan
Hapuskira
Pengkelasan semula
Pindahan dari inventori
Loji dan Mesin RM Aset-aset Lain* RM Jumlah
RM
2,933,686 2,884,347 -
-
(441,941)
5,409,764 -
-
-
-
-
-
1,228,775 -
-
-
441,941 -
7,064,343 75,927 (229,598) (62,858) -
-
11,226,804
2,960,274
(229,598)
(62,858)
5,409,764
10,785,856 -
1,670,716 6,847,814 19,304,386
Pada 1 Januari 2006
Pelupusan
Hapuskira
Pengkelasan semula
448,151 181,512 -
-
(44,195)
-
-
-
-
-
1,194,381 179,729 -
-
44,195 3,924,302 607,177 (229,598)
(60,098) -
5,566,834
968,418
(229,598)
(60,098)
-
585,468 -
1,418,305 4,241,783 6,245,556
Nilai dibawa bersih
10,200,388 -
252,411 2,606,031 13,058,830
* Aset-aset lain terdiri daripada pengubahsuaian pejabat, perabot dan kelengkapan, peralatan pejabat, kenderaan
bermotor dan papan tanda.
Peralatan Pejabat RM Kenderaan Bermotor RM Jumlah
RM
Syarikat
Kos
Pada 1 Januari 2007/31 Disember 2007
8,300 157,051 165,351
Susutniali terkumpul
Pada 1 Januari 2007
1,802 1,660 25,547 15,704 27,349
17,364
3,462 41,251 44,713
Nilai dibawa bersih
4,838 115,800 120,638
145
31 DISEMBER 2007
12. HARTANAH, LOJI DAN PERALATAN (SAMB.)
Peralatan Pejabat RM Kenderaan Bermotor RM Jumlah
RM
Syarikat
Kos
Pada 1 Januari 2006/31 Disember 2006
8,300 157,051 165,351
Pada 1 Januari 2006
142 1,660 9,842 15,705 9,984
17,365
1,802 25,547 27,349
Nilai dibawa bersih
6,498 131,504 138,002
(a) Sepanjang tahun kewangan, Kumpulan telah membeli hartanah, loji dan peralatan dengan kos berjumlah RM2,056,778
(2006: RM2,960,274) di mana RM 745,163 (2006: RM Tiada) adalah melalui sewabeli. Nilai dibawa bersih hartanah, loji
dan peralatan yang dimiliki oleh Kumpulan secara sewabeli adalah seperti berikut:
2007 RM Kumpulan
2006
RM
Kenderaan bermotor
Loji dan mesin
369,164 501,417 395,510
-
870,581 395,510
(b) Nilai dibawa bersih bangunan pegang pajak tertentu milik sebuah subsidiari berjumlah RM157,765 (2006: RM162,993)
telah dicagarkan kepada bank untuk kemudahan pinjaman subsidiari tersebut seperti yang dinyatakan dalam Nota 26.
(c) Termasuk dalam hartanah, loji dan peralatan Kumpulan adalah aset yang telah disusutnilaikan sepenuhnya tetapi masih
digunakan berjumlah RM3,195,992 (2006: RM2,991,632) pada kos.
13. TANAH UNTUK PEMBANGUNAN DAN KOS PEMBANGUNAN HARTANAH
146
(a) Tanah untuk pembangunan
Tanah
Tanah
Milikbebas Pegang Pajak RM RM Jumlah
RM
Kumpulan
Kos
Pada 1 Januari 2007
Tambahan
Pelupusan
Pindahan dari kos pembangunan hartanah (Nota 13(b))
Pindahan ke kos pembangunan hartanah (Nota 13(b))
55,937,903 21,289,770 (1,855,070)
7,389,096 (24,279,145)
98,629,007 1,378,336 -
-
(162,178)
154,566,910
22,668,106
(1,855,070)
7,389,096
(24,441,323)
58,482,554 99,845,165 158,327,719
31 DISEMBER 2007
13. TANAH UNTUK PEMBANGUNAN DAN KOS PEMBANGUNAN HARTANAH (SAMB.)
(a) Tanah untuk pembangunan (Samb.)
Tanah
Tanah
Milikbebas Pegang Pajak RM RM Kumpulan (Samb.)
Kerugian rosotnilai terkumpul
Pada 1 Januari 2007
Kerugian rosotnilai dikenakan bagi tahun
-
-
-
20,116,367 20,116,367
-
20,116,367 20,116,367
58,482,554 79,728,798 138,211,352
69,223,368 1,625,372 (5,187,281)
(9,723,556)
93,569,202 8,751,681 (623,173)
(3,068,703)
162,792,570
10,377,053
(5,810,454)
(12,792,259)
55,937,903 98,629,007 154,566,910
Nilai dibawa pada 31 Disember 2006
55,937,903 98,629,007 154,566,910
Tanah
Tanah
Kos
Milikbebas Pegang Pajak Pembangunan
RM RM RM Jumlah
RM
Nilai dibawa pada 31 Disember 2007
Kos
Pada 1 Januari 2006
Tambahan
Pelupusan
Pindahan ke kos pembangunan hartanah (Nota 13(b))
(b) Kos Pembangunan Hartanah
Kumpulan
Kos pembangunan hartanah terkumpul
Pada 1 Januari 2007
Kos yang ditanggung dalam tahun semasa
Pindahan dari tanah untuk
pembangunan (Nota 13(a))
Pengelasan semula
Pindahan ke tanah untuk
Unit yang belum dijual dipindah ke inventori
Pembalikan projek yang siap Pada 31 Disember 2007
19,997,147 2,087,931 34,550,996 3,087,741 119,636,799 74,111,021 174,184,942
79,286,693
24,279,145 (24,279,145)
162,178 -
-
24,279,145 24,441,323
-
(7,389,096)
-
-
-
(178,385)
(1,344,539)
-
(5,040,346)
(7,602,900)
(7,389,096)
(5,218,731)
(8,947,439)
14,695,982 36,277,991 205,383,719 256,357,692
147
Jumlah
RM
31 DISEMBER 2007
(b) Kos Pembangunan Hartanah (Samb.)
Tanah
Tanah
Kos
Milikbebas Pegang Pajak Pembangunan
RM RM RM Jumlah
RM
Kumpulan (Samb.)
Kos terkumpul diiktiraf
dalam penyata pendapatan
Pada 1 Januari 2007
Diikitiraf dalam tahun semasa (Nota 4)
Pembalikan projek yang siap (3,004,923)
-
-
(826,585)
(2,002,531)
1,344,539 (80,885,512)
(31,478,771)
7,602,900 (84,717,020)
(33,481,302)
8,947,439
(3,004,923)
(1,484,577)
(104,761,383)
(109,250,883)
11,691,059 34,793,414 100,622,336 147,106,809
7,523,984 2,780,508 204,853 33,191,680 7,248,110 -
147,785,562 37,932,996 -
188,501,226
47,961,614
204,853
9,723,556 -
(204,853)
(30,901)
3,068,703 (114,143)
(6,596,311)
(1,873,624)
-
(4,802,051)
(52,402,482)
(2,930,393)
12,792,259
(4,916,194)
(59,203,646)
(4,834,918)
-
(373,419)
(5,946,833)
(6,320,252)
19,997,147 34,550,996 119,636,799 174,184,942
Kos terkumpul diiktiraf
dalam penyata pendapatan
Pada 1 Januari 2006
Diikitiraf dalam tahun semasa (Nota 4)
Pembalikan projek yang siap (98,249)
(2,906,674)
(204,853)
204,853 (5,126,603)
(2,296,293)
-
6,596,311 (100,964,894)
(32,323,100)
-
52,402,482 (106,189,746)
(37,526,067)
(204,853)
59,203,646
(3,004,923)
(826,585)
(80,885,512)
(84,717,020)
pada 31 Disember 2006
16,992,224 33,724,411 38,751,287 89,467,922
pada 31 Disember 2007
Kos pembangunan hartanah terkumpul
Pada 1 Januari 2006
Kos yang ditanggung dalam tahun semasa
Pindahan dari tanah untuk
Unit yang belum dijual dipindah ke inventori
Pembalikan projek yang siap Pelupusan projek dalam tahun semasa
Unit yang belum dijual dipindah
ke pelaburan hartanah
148
31 DISEMBER 2007
(b) Kos Pembangunan Hartanah (Samb.)
Tanah milikbebas bagi subsidiari-subsidiari tertentu dengan nilai dibawa sebanyak RM42,408,934 (2006: RM16,421,913)
telah dicagarkan sebagai sekuriti untuk pinjaman jangka pendek.
Tanah pegang pajak bagi subsidiari-subsidiari tertentu dengan nilai dibawa sebanyak RM1,066,973 (2006: RM2,043,109)
adalah berdaftar di bawah nama perbadanan induk. Perpindahan hak milik akan dilakukan apabila pembangunan
hartanah tersebut telah siap.
Tanah pegang pajak sebuah subsidiari dengan nilai dibawa sebanyak RM27,324,277 (2006: RM27,427,232) masih belum
ditukar nama kepada nama subsidiari tersebut daripada perbadanan induk terakhir, Perbadanan Kemajuan Negeri
Pahang.
Tanah pegang pajak untuk pembangunan sebuah subsidiari dengan nilai dibawa sebanyak RM19,582,312 (2006:
RM7,389,096) masih belum ditukar nama kepada subsidiari tersebut daripada penjual.
Kumpulan
2007 RM 2006
RM
Bangunan
Kos
Pada 1 Januari
Pindahan dari kos pembangunan hartanah (Nota 13(b))
8,354,382 -
2,034,130
6,320,252
Pada 31 Disember
8,354,382 8,354,382
Pada 1 Januari
683,083 166,057 643,115
39,968
Pada 31 Disember
849,140 683,083
7,505,242 7,671,299
Nilai dibawa bersih
Pada 31 Disember
149
14. PELABURAN HARTANAH
31 DISEMBER 2007
15. PEMBAYARAN PAJAKAN TANAH PRABAYAR
Pada 1 Januari
Pelunasan bagi tahun (Nota 6) PASDEC HOLDINGS BERHAD ANNUAL REPORT 2007
Kumpulan
2006
RM
86,106 (2,208)
88,314
(2,208)
Pada 31 Disember
83,898 86,106
Di analisa sebagai:
Tanah pegang pajak dipegang dalam jangka masa panjang
83,898 86,106
Tanah pegang pajak dipegang bagi Kumpulan telah dicagarkan kepada satu bank berlesen untuk kemudahan kredit
yang telah diberikan kepada sebuah subsidiari. Kemudahan kredit tersebut telah diselesaikan sepenuhnya dalam tahun
kewangan.
16. ASET TAK NYATA
150
2007 RM 2007 RM Kumpulan
2006
RM
Muhibah
Kos
Pada 1 Januari
Kesan daripada menerima pakai FRS 3
Wujud daripada pembelian subsidiari (Nota 17)
4,564,733 -
12,912 3,552,818
1,011,915
-
4,577,645 4,564,733
Pelunasan dan rosotnilai terkumpul
Pada 1 Januari
Kesan daripada menerima pakai FRS 3
Kerugian rosotnilai (Nota 6)
2,621,744 -
1,132,643 2,297,931
323,813
-
Pada 31 Disember
3,754,387 2,621,744
Nilai dibawa bersih
Pada 31 Disember
823,258 1,942,989
17. PELABURAN DALAM SUBSIDIARI-SUBSIDIARI
Saham tidak disebut harga pada kos
Tolak : Kerugian rosotnilai terkumpul
2007 RM Syarikat
2006
RM
81,624,753 (22,218,437)
80,824,755
(20,450,313)
59,406,316 60,374,442
31 DISEMBER 2007
17. PELABURAN DALAM SUBSIDIARI-SUBSIDIARI (SAMB.)
Butiran subsidiari-subsidiari adalah seperti berikut:
Pembahagian
Kepentingan
Nama
Negara Pegangan
Subsidiari-subsidiari
Diperbadankan Kegiatan-kegiatan utama
2007 2006
%
%
Pasdec Corporation Sdn. Bhd.
Malaysia
Pembangunan hartanah, 100
100
pengurusan projek dan peruntukan
perkhidmatan pengurusan
Kuantan Tembeling Malaysia
Pembangunan hartanah, dan 100
100
Resort Sdn. Bhd.
pengurusan tempat peranginan
dan kondominium
Malaysia
Pembangunan hartanah
100
100
Malaysia
Perniagaan bahan-bahan binaan,
100
100
penyewaaan mesin dan
aktiviti pembinaan
Kimdec Corporation Sdn. Bhd. Malaysia
51
51
Pembuatan batu-bata
100
100
100
100
100
100
Tidak aktif
70
70
100
100
Tidak aktif
100
100
Pembuatan, jualan dan pajakan
kapal terbang dan
komponen-komponennya
100
100
Perniagaan bahan-bahan binaan 100
dan menyediakan perkhidmatan
insurans
Bentong Aquarium &
Malaysia
Operator akuarium dan taman tema
70
* Subsidiari Pasdec Bina Sdn. Bhd.. Laporan juruaudit untuk syarikat ini merujuk kepada penggunaan konsep andaian
berterusan dan syarikat ini bergantung kepada sokongan kewangan daripada Syarikat. Laporan tersebut tidak bersyarat.
** Subsidiari Pasdec Corporation Sdn. Bhd..
*** Subsidiari Mutiara Pasdec Sdn. Bhd..
151
Kuantan Bricks Sdn. Bhd.*
Malaysia
Sumbangan Sakti Sdn. Bhd.
Malaysia
Malaysia
Pasdec Pintas Sdn. Bhd.
Malaysia
Pasdec Putra Sdn. Bhd.**
Malaysia
Malaysia
Pahang Aircraft Industries
Malaysia
Sdn. Bhd.***
Pasdec Trading Sdn. Bhd.***
Malaysia
31 DISEMBER 2007
17. PELABURAN DALAM SUBSIDIARI-SUBSIDIARI (SAMB.)
Pembelian subsidiari
Pada 23 Julai 2007, Syarikat telah membeli 800,000 saham biasa RM1.00 setiap satu mewakili 70% kepentingan ekuiti di
dalam Bentong Aquarium & Sanctuary Park Sdn. Bhd. berikutan daripada Perjanjian Usahasama bertarikh 28 Januari 2006.
Kesan pembelian tersebut ke atas kedudukan kewangan Kumpulan pada 31 Disember 2007 adalah seperti berikut:
RM
2,237,500
Wang tunai dan baki di bank
32,982
400
Lain-lain pemiutang
(1,159,843)
(33,312)
Perkongsian aset bersih Kumpulan
1,077,727
Nilai saksama aset-aset dan liabiliti-liabiliti yang diandaikan daripada pembelian subsidiari tersebut adalah seperti berikut:
Nilai saksama Nilai dibawa
diiktiraf daripada oleh yang
pembelian dibeli
RM RM
Aset bersih yang dibeli:
2,237,500 2,237,500
400 400
Ang tunai dan baki di bank
36,653 36,653
Lain-lain pemiutang
(1,150,141)
(1,150,141)
152
Niali saksama bersih aset-aset
Tolak: Kepentingan minoriti
Perkongsian aset bersih Kumpulan
Muhibah atas penyatuan (Nota 16)
Jumlah kos pembelian
Aliran tunai keluar bersih daripada pembelian:
Tunai dan kesetaraan tunai dalam subsidiari
Balasan tunai dibayar
1,124,412 (337,324)
787,088 12,912
800,000 36,653 (800,000)
(763,347)
1,124,412
31 DISEMBER 2007
18. PELABURAN DALAM SYARIKAT-SYARIKAT BERSEKUTU
2007 RM Kumpulan
2006
RM
1,270,000 2,413,951 1,270,000
2,655,068
Tolak: Peruntukan rosotnilai terkumpul
3,683,951 (70,000)
3,925,068
(60,000)
3,613,951 3,865,068
Diwakili oleh:
Perkongsian aset bersih
3,613,951 3,865,068
Di Malaysia:
Saham tidak disebut harga pada kos
Perkongsian rizab selepas pengambilalihan
Butiran syarikat-syarikat bersekutu adalah seperti berikut:
Nama Syarikat- Pembahagian Pembahagian
syarikat
Negara
Kegiatan-kegiatanKepentingan Pegangan Kuasa Mengundi
Bersekutu
Diperbadankan
Utama
2007 2006 2007 2006
% %
%
%
Prima Prai Malaysia
Pembangunan
20 20 20 20
Sdn. Bhd.
hartanah
Genting View Malaysia
Pemaju dan
40 40 40 40
Resort kontraktor
Development
Sdn. Bhd.
Pasdec Malaysia
Tidak aktif
40 -
40 Cempaka Sdn. Bhd.
Penyata kewangan syarikat-syarikat bersekutu di atas adalah selaras dengan Kumpulan kecuali Prima Prai Sdn. Bhd. yang
mana tahun kewangannya berakhir pada 31 Mac. Bagi menggunakan kaedah perakaunan ekuiti, penyata kewangan Prima
Prai Sdn. Bhd. yang tidak diaudit untuk tempoh berakhir 31 Disember 2007 telah digunakan.
19. INVENTORI
Hartanah dipegang untuk dijual
Tanah
Barang siap
Diesel dan minyak pelincir
2007 RM Kumpulan
2006
RM
14,526,266 950,493 166,699 33,361 11,177,787
1,133,296
188,353
9,996
15,676,819 12,509,432
153
31 DISEMBER 2007
20. PENGHUTANG PERDAGANGAN
Penghutang perdagangan
Kontrak pembinaan:
Terhutang oleh pelanggan (Nota 22)
Wang tahanan boleh terima (Nota 22)
Bayaran kemajuan boleh terima
Bayaran akruan berkaitan kos pembangunan hartanah
2007 RM Kumpulan
2006
RM
31,675,347 31,732,190
483,708 -
30,522,865 3,844,170 795,225
1,386,740
26,517,962
-
Tolak: Peruntukan hutang ragu
66,526,090 (2,908,137)
60,432,117
(2,865,377)
63,617,953 57,566,740
Pendedahan utama risiko kredit bagi Kumpulan adalah daripada penghutang perdagangannya. Terma perdagangan
antara Kumpulan dengan pelanggannya kebanyakannya adalah secara kredit. Syarat kredit perdagangan biasa Kumpulan
adalah antara 30 hingga 120 hari. Kumpulan mengamalkan polisi risiko kredit yang ketat untuk mengawasi baki terhutang
belum jelas dan mempunyai unit kawalan kredit untuk mengurangkan risiko kredit. Baki belum jelas diteliti dengan kerap oleh
pihak pengurusan kanan. Atas sebab yang telah dinyatakan dan bahawasanya penghutang perdagangan Kumpulan terdiri
daripada bilangan pelanggan yang banyak dan berbagai, Kumpulan tidak mempunyai tumpuan risiko kredit yang besar.
Penghutang perdagangan tidak dikenakan faedah.
154
21. LAIN-LAIN PENGHUTANG
Jumlah terhutang oleh pihak berkaitan:
Perbadanan induk Syarikat-syarikat berkaitan
2007 RM Kumpulan
2006 RM 2007 RM -
28,784,578 24,087,041 -
29,513,584 21,545,498 207,734,256 25,646,748 4,022,499 249,406,604
25,703,442
4,022,499
Deposit
Prabayar
52,871,619 551,450 557,969 5,191,195 51,059,082 526,761 497,897 6,559,245 237,403,503 -
120,303 1,489,955 279,132,545
327,083
882,444
Tolak: Peruntukan hutang ragu
59,172,233 (36,093,640)
58,642,985 (30,823,683)
239,013,761 (19,901,775)
280,342,072
(19,901,776)
Syarikat
2006
RM
23,078,593 27,819,302 219,111,986 260,440,296
Jumlah terhutang oleh subsidiari-subsidiari sebanyak RM27,146,414 (2006: RM71,124,327) dikenakan faedah sebanyak 6%
(2006: 6%) setahun dan perlu dibayar balik atas permintaan. Jumlah tersebut tidak dijamin dan harus dijelaskan secara tunai.
Jumlah terhutang oleh pihak berkaitan yang lain kepada Kumpulan dan Syarikat tidak dikenakan faedah dan perlu dibayar
balik atas permintaan. Jumlah tersebut tidak dijamin dan harus dijelaskan secara tunai.
31 DISEMBER 2007
22. TERHUTANG OLEH/(KEPADA) PELANGGAN KONTRAK
Kos kontrak diiktiraf hingga kini
Keuntungan terkumpul
2007 RM Kumpulan
2006
RM
21,663,502 247,931 11,396,219
297,425
Tolak: Bayaran kemajuan
21,911,433 (21,427,725)
11,693,644
(10,930,132)
Terhutang oleh pelanggan kontrak (Nota 20)
Terhutang kepada pelanggan kontrak
483,708 763,512
483,708 -
795,225
(31,713)
483,708 763,512
-
1,386,740
Jumlah wang tahanan atas kontrak, termasuk dalam penghutang perdagangan (Nota 20)
23. SEKURITI BOLEH PASAR
Pada kos:
Saham disebut harga di Malaysia
Unit amanah disebut harga di Malaysia
Tolak: Kerugian rosotnilai terkumpul
Nilai pasaran sekuriti boleh pasar:
2007 RM Kumpulan
51,720,296 17,030,218 116,517,642 48,086,103 -
15,944,115 47,000,000
68,750,514 164,603,745 15,944,115 47,000,000
(14,670)
(932,201)
(194,252)
(666,126)
-
(330,093)
-
(946,871)
(860,378)
(330,093)
-
67,803,643 163,743,367 15,614,022 47,000,000
143,380,214 16,098,017 228,385,139 39,414,809 -
15,614,022 38,994,832
2006
RM
159,478,231 267,799,948 15,614,022 38,994,832
Pelaburan dalam saham disebut harga tertentu oleh sebuah subsidiari dengan nilai dibawa sebanyak RM Tiada (2006:
RM2,207,667) telah dicagarkan kepada institusi kewangan untuk kemudahan pinjaman berjangka untuk subsidiari tersebut.
Pelaburan dalam Road Builder (M) Holdings Berhad dan YTL Cement Berhad oleh sebuah subsidiari dengan nilai dibawa
sebanyak RM33,225,370 (2006: RM73,531,551) telah dicagarkan kepada institusi kewangan untuk terbitan Rainbow
Exchangeable Bonds (“REBs”) berjumlah RM150 juta (Nota 28).
Pelaburan dalam saham disebut harga tertentu oleh sebuah subsidiari dengan nilai dibawa sebanyak RM18,389,423 (2006:
RM Tiada) telah dicagarkan kepada bank untuk kemudahan tertentu yang diberikan kepada sebuah syarikat berkaitan.
155
31 DISEMBER 2007
24. TUNAI DAN KESETARAAN TUNAI
Tunai di tangan dan di bank
Deposit dengan bank-bank berlesen
Jumlah tunai dan kesetaraan tunai
2007 RM Kumpulan
7,751,042 19,259,850 18,048,218 7,871,390 121,568 5,315,786 105,264
6,395,138
27,010,892 25,919,608 5,437,354 6,500,402
2006
RM
Termasuk dalam tunai di bank bagi Kumpulan adalah sejumlah RM6,393,859 (2006: 3,523,453) yang dipegang menurut
Seksyen 7A Akta Pembangunan Perumahan (Kawalan dan Perlesenan) 1966 dan oleh itu dihadkan penggunaannya dalam
lain-lain operasi.
Deposit dengan bank-bank berlesen bagi Kumpulan berjumlah RM13,828,562 (2006: RM1,290,665) telah dicagarkan kepada
bank untuk kemudahan kredit yang diberikan kepada subsidiari-subsidiari tertentu (Nota 26).
Maklumat lain mengenai risiko kewangan tunai dan kesetaraan tunai adalah seperti dibentangkan di Nota 35.
Bagi tujuan penyata aliran tunai, tunai dan kesetaraan tunai pada tarikh lembaran imbangan adalah seperti berikut:
Tunai di tangan dan di bank
Overdraf bank (Nota 26)
Jumlah tunai dan kesetaraan tunai
2007 RM Kumpulan
27,010,892 (19,051,147)
25,919,608 (6,340,105)
5,437,354 -
6,500,402
-
7,959,745 19,579,503 5,437,354 6,500,402
2006
RM
25. TANGGUNGAN MANFAAT PERSARAAN
Kumpulan mengendalikan satu manfaat tertentu Skim Manfaat Persaraan (“Skim”) yang tidak dibiayai untuk pekerja yang
layak. Di bawah Skim ini, pekerja yang layak berhak menerima manfaat persaraan sebanyak 7.5% daripada gaji terakhir
didarab dengan pelan perkhidmatan dengan maksimum 300 bulan boleh dibayar apabila umur persaraan awal 40 tahun
dicapai dengan syarat memenuhi 10 tahun atau lebih daripada pelan perkhidmatan atau usia persaraan 56 tahun.
(i) Lembaran Imbangan
Jumlah yang diiktiraf dalam lembaran imbangan ditentukan seperti berikut:
156
2007 RM Kumpulan
2006
RM
Nialai kini tanggungan manfaat tidak dibiayai
Perubahan tanggungan belum diiktiraf
Kerugian aktuari belum diiktiraf
2,997,574 (397,840)
(707,554)
2,199,627
(581,923)
-
Liabiliti bersih
Dianalisa sebagai:
Semasa
1,892,180 1,617,704
27,378 24,887
Bukan semasa:
Lebih daripada 1 tahun tetapi tidak lebih daripda 2 tahun
Lebih daripada 2 tahun tetapi tidak lebih daripda 5 tahun
152,755 1,712,047 34,277
1,558,540
1,864,802 1,592,817
1,892,180 1,617,704
31 DISEMBER 2007
25. TANGGUNGAN MANFAAT PERSARAAN (SAMB.)
(i) Lembaran Imbangan (Samb.)
Pergerakan dalam nilai terkini tanggungan manfaat tidak dibiayai sepanjang tahun adalah seperti berikut:
:
2007 2006
RM RM
Pada 1 Januari
1,617,704 1,139,536
Kos perkhidmatan semasa
233,400 216,813
Kos Faedah
143,634 123,721
Pelunasan peralihan liabiliti
213,407 228,440
Manfaat dibayar
(315,965)
(90,806)
Pada 31 Disember
(ii) Penyata Pendapatan
Jumlah yang diiktiraf dalam penyata pendapatan adalah seperti berikut:
Kos perkhidmatan semasa
Kos faedah
Pelunasan peralihan liabiliti
1,892,180 1,617,704
2007 RM Kumpulan
2006
RM
233,400 143,634 213,407 216,813
123,721
228,440
Jumlah dalam perbelanjaan manfaat pekerja (Nota 7)
590,441 568,974
Semua manfaat oleh Kumpulan dalam pelan manfaat tertentu telah diambilkira dalam perbelanjaan pengurusan
(iii) Andaian Prinsip Aktuari
Andaian prinsip aktuari yang digunakan adalah:
2007 2006
%
%
Kadar diskaun
7.0 7.0
Kadar jangkaan kenaikan gaji
5.0 5.0
Penilaian aktuari untuk Skim dilaksanakan oleh aktuari bebas secara berkala. Penilaian terakhir bagi Skim tersebut telah
dilaksanakan pada 24 Januari 2006.
Andaian mengenai mortaliti masa hadapan adalah berdasarkan pada statistik diterbitkan dan jadual mortaliti. Jangkaan
purata umur individu bersara adalah 56 tahun.
(iv)Maklumat Sejarah
Pelarasan pengalaman sejarah adalah seperti berikut:
Nilai kini tanggungan manfaat tidak dibiayai
2007 RM 2006
RM
1,892,180 1,617,704
157
31 DISEMBER 2007
26. PINJAMAN
2007 RM Kumpulan
2006 RM 2007 RM 18,412,135 6,500,000 274,000 5,374,880 135,170 2,779,916 12,500,000 520,000 6,082,110 -
-
-
-
-
-
-
30,696,185 21,882,026 -
-
639,012 51,788 3,560,189 70,650 -
19,762 18,725
690,800 3,630,839 19,762 18,725
31,386,985 25,512,865 19,762 18,725
4,858,025 64,485,714 347,085 1,745,628 151,068,052 -
-
64,485,714 -
151,068,052
-
Tidak bercagar:
Pemiutang sewabeli (Nota 27)
69,690,824 152,813,680 64,485,714 151,068,052
121,523 123,335 75,288 95,049
Jumlah Pinjaman
Penerimaan jurubank
Overdraf bank (Nota 24)
Kredit pusingan
Pinjaman berjangka
Rainbow Exchangeable Bonds (Nota 28)
69,812,347 152,937,015 64,561,002 151,163,101
274,000 19,051,147 6,500,000 10,232,905 64,485,714 655,566 520,000 6,340,105 12,500,000 7,827,738 151,068,052 193,985 -
-
-
-
64,485,714 95,050 151,068,052
113,774
101,199,332 Kematangan pinjaman:
(tidak termasuk pemiutang sewabeli):
Tidak lebih daripada 1 tahun
31,195,777 Lebih daripada 1 tahun dan tidak lebih daripada 2 tahun
3,821,025 Lebih daripada 2 tahun dan tidak lebih daripada 5 tahun
1,041,250 Lebih daripada 5 tahun
64,485,714 178,449,880 64,580,764 151,181,826
26,042,215 785,628 360,000 151,068,052 -
-
-
64,485,714 151,068,052
178,255,895 64,485,714 151,068,052
Pinjaman Jangka Pendek
Bercagar:
Overdraf bank
Kredit pusingan
Penerimaan jurubank
Pinjaman berjangka Pemiutang sewabeli (Nota 27)
Tidak bercagar:
Overdraf bank
Pinjaman Jangka Panjang
Bercagar:
Pinjaman berjangka
Rainbow Exchangeable Bonds (Nota 28)
158
100,543,766 Syarikat
2006
RM
31 DISEMBER 2007
26. PINJAMAN (SAMB.)
Overdraf bank dan penerimaan jurubank bagi Kumpulan dicagarkan dengan tanah didaftarkan di bawah nama perbadanan
induk, cagaran pertama ke atas tanah pajakan jangka panjang dan bangunan subsidiari-subsidiari tertentu, cagaran tetap
dan terapung ke atas aset-aset tertentu subsidiari-subsidiari, jaminan bersama dan berasingan oleh pengarah-pengarah dari
pemegang saham korporat sebuah subsidiari dan jaminan korporat oleh sebuah subsidiari dan Syarikat.
Kredit pusingan bercagar Kumpulan adalah untuk tempoh enam bulan dan dicagarkan oleh cagaran tetap sah ke atas tanah
milikbebas tertentu sebuah subsidiari, pembahagian jaminan korporat oleh Syarikat sehingga 51% dan jaminan bersama dan
berasingan oleh pengarah-pengarah dari sebuah pemegang saham korporat.
Cagaran pinjaman berjangka adalah seperti berikut:
Cagaran pertama ke atas tanah pegangpajak subsidiari-subsidiari tertentu seperti yang dibentangkan di Nota 13;
Cagaran tetap dan terapung ke atas aset-aset tertentu subsidiari-subsidiari;
Jaminan bersama dan berasingan oleh pengarah-pengarah dari sebuah pemegang saham korporat subsidiari
berkenaan; dan
Jaminan korporat oleh sebuah subsidiari dan Syarikat.
Rainbow Exchangeable Bonds bagi Kumpulan dan Syarikat dicagarkan oleh sebahagian sekuriti boleh pasar seperti yang
dibentangkan di Nota 23.
Liabiliti pemiutang sewabeli bercagar Kumpulan adalah dicagarkan oleh jaminan korporat oleh sebuah subsidiari.
27. PEMIUTANG SEWABELI
Bayaran pajakan minimum:
Tidak lebih daripada 1 tahun
Lebih daripada 1 tahun dan tidak lebih daripada 5 tahun
2007 RM Kumpulan
2006 RM 2007 RM 230,747 506,542 79,089 135,068 23,868 81,490 23,868
105,358
Tolak: Tanggungan kewangan masa hadapan
737,289 (81,723)
214,157 (20,172)
105,358 (10,308)
129,226
(15,452)
Nilai kini liabiliti pajakan
655,566 193,985 95,050 113,774
Dianalisa sebagai:
Terhutang dalam tempoh 12 bulan (Nota 26)
Terhutang selepas 12 bulan (Nota 26)
186,958 468,608 70,650 123,335 19,762 75,288 18,725
95,049
655,566 193,985 95,050 113,774
Syarikat
2006
RM
159
(a)
(b)
(c)
(d)
31 DISEMBER 2007
28. RAINBOW EXCHANGEABLE BONDS
Pada 15 November 2006, Syarikat telah menerbitkan Rainbow Exchangeable Bonds (“REBs”) berjumlah RM150 juta pada 100%
nilai nominalnya yang terdiri daripada 2 siri seperti berikut:
(i) Siri I - sehingga RM15 juta REBs atau jumlah setara lain yang boleh ditukar kepada 4,792,333 atau bilangan saham- saham
biasa yang sewajarnya dalam Road Builder (M) Holdings Berhad (“RBH”) (“Saham Pertukaran”); dan
(ii) Siri II - sehingga RM135 juta REBs atau jumlah setara lain yang boleh ditukar kepada 40,785,500 atau bilangan sahamsaham biasa yang sewajarnya dalam YTL Cement Berhad (“Saham Pertukaran”).
REBs yang diterbitkan oleh Syarikat mempunyai ciri-ciri penting seperti berikut:
(a) Tempoh pegangan untuk Siri I dan Siri II masing-masing adalah 5 dan 7 tahun.
(b) Kedua-dua siri REBs tersebut membawa faedah atau kupon sebanyak lima peratus dan perlu dibayar dua kali
setahun secara terhutang dari tarikh penerbitan REBs, dengan bayaran kupon terakhir dibuat pada tarikh matang
masing-masing.
(c) Setiap REB memberikan hak kepada pemegangnya untuk menukar satu Saham Pertukaran pada Harga Pertukaran yang
telah ditetapkan pada premium sebanyak 10% sehingga 30 % dari Harga Pasaran Wajaran untuk lima hari bagi Saham
Pertukaran tersebut sebelum tarikh penentuan harga atau pada par, yang mana yang lebih tinggi pada bila-bila masa
selepas persetujuan Suruhanjaya Sekuriti, untuk siri berkenaan pada bila-bila masa dalam Tempoh Pertukaran.
(d) Cagaran REBs adalah seperti berikut:
(i) Opsyen-Beli yang dibuat oleh Penerbit Opsyen-Beli untuk membeli Saham Pertukaran dengan Harga Opsyen yang
dipersetujui, berdasarkan syarat dan terma di dalam perjanjian Opsyen-Belian. ;
(ii) Deposit/cagaran Saham Pertukaran kepada Pemegang Amanah, untuk manfaat para pemegang REBs;
(iii) Penyerahhakkan/cagaran Akaun Escrow, Disbursement Account (“DA”), dan Debt Service Reserve Account (“DRSA”),
berpihak kepada Pemegang Amanah untuk pemegang REBs; dan
(iv) Penyerahhakkan hasil dalam Kemudahan Tunggusedia tak boleh mansuh daripada institusi kewangan (“Liquidity
Reserve Provider”) bersamaan dengan bayaran satu (1) kupon boleh dibayar dalam tempoh pegangan REBs,
berpihak kepada Pemegang Amanah untuk pemegang REBs; atau
160
Jika tiada Kemudahan Tunggusedia dibuat, penyerahhakkan/cagaran untuk Liquidity Reserve Account (“LRA”), dimana
jumlah bersamaan dengan bayaran satu (1) kupon semasa tempoh REBs mesti didepositkan.
(e) Harga Opsyen untuk Siri I and II adalah seperti berikut:
Siri I :
Siri II :
jumlah tertunggak, terhutang atau bayaran oleh Syarikat kepada pemegang REBs berhubungan dengan
Dokumen-Dokumen Transaksi, pada tarikh notis opsyen-jual seperti yang dirujuk di dalam Perjanjian OpsyenBelian;
jumlah tertunggak,terhutang atau bayaran oleh Syarikat kepada pemegang REBs berhubungan dengan
Dokumen-Dokumen Transaksi, pada tarikh notis opsyen-jual ditolak dengan jumlah berikut:
- kemudahan tunggusedia yang diperoleh oleh Syarikat; dan
- deposit tunai oleh Syarikat di dalam DRSA.
31 DISEMBER 2007
28. RAINBOW EXCHANGEABLE BONDS (SAMB.)
(f) REBs boleh ditebus oleh Penerbit pada tarikh tamat tempoh pegangan dengan kadar lebih kurang antara 122% dan
140% daripada Harga Terbitan Siri-siri. Walau bagaimanapun:
(i) REBs boleh ditukar pada bila-bila masa oleh pemegang REBs kepada Saham Pertukaran, dalam tempoh pegangan
REBs;
(ii) REBs boleh ditebus oleh Penerbit selepas tarikh tamat tempoh tiga (3) tahun daripada tarikh terbitan REBs dan tertakluk
kepada harga pasaran Saham Pertukaran seperti yang diperdagangkan di Bursa Malaysia Securities Berhad paling
kurang 130% dari Harga Pertukaran bagi Saham Pertukaran yang berkaitan;
(iii) Penerbit boleh pada bila-bila masa, membeli REBs dengan harga pasaran dari pasaran terbuka atau dengan
perjanjian persendirian;
(iv) REBs boleh dibatalkan dan tidak boleh diterbitkan semula jika REBs telah ditukar kepada Saham Pertukaran oleh
pemegang REBs, ditebus oleh Penerbit selepas tahun ketiga dan/atau dibeli oleh penerbit di pasaran terbuka.
REBs diambilkira dalam lembaran imbangan Kumpulan dan Syarikat seperti berikut:
Nilai nominal - diterbitkan dan dibayar penuh
Pada 1 Januari
Diterbitkan dan dibayar penuh
Pertukaran kepada Saham Pertukaran
Pada 31 Disember
Premium Penebusan
Pada 31 Disember
Kumpulan dan Syarikat
2007 2006
RM RM
150,000,000 -
(89,000,000)
150,000,000
-
61,000,000 150,000,000
3,485,714 1,068,052
Jumlah termasuk dalam pinjaman jangka panjang (Nota 26)
64,485,714 151,068,052
29. PEMIUTANG PERDAGANGAN
Pemiutang perdagangan tidak dikenakan faedah dan syarat kredit perdagangan biasa yang diberikan kepada Kumpulan
adalah antara 30 hingga 90 hari.
161
31 DISEMBER 2007
30. LAIN-LAIN PEMIUTANG
Jumlah terhutang kepada pihak berkaitan:
Terhutang kepada pemegang saham korporat
sebuah subsidiari
Terhutang kepada syarikat subsidiari
Terhutang kepada syarikat-syarikat berkaitan
Terhutang kepada perbadanan induk
2007 RM Kumpulan
2006 RM 2007 RM 4,758,839 -
1,053,531 1,796,473 -
-
242,862 1,542,296 -
9,217,764 -
-
-
Wang tahanan
Pemiutang lain
Akruan
Kupon untuk bon
7,608,843 787,856 3,146,836 2,206,569 254,166 1,785,158 1,055,301 1,668,690 3,216,253 958,333 9,217,764 -
-
329,401 254,166 297,050
958,333
Syarikat
2006
RM
14,004,270 8,683,735 9,801,331 1,255,383
Jumlah terhutang kepada pihak berkaitan adalah tidak dikenakan faedah dan perlu dibayar balik atas permintaan. Jumlah
tersebut tidak dijamin dan harus dibayar secara tunai.
31. MODAL SAHAM
Bilangan Saham Biasa
RM1 Setiap Satu
Jumlah
2007 2006 2007 2006
RM RM
Dibenarkan
1 Januari/31 Disember
500,000,000 500,000,000 500,000,000 500,000,000
Diterbitkan dan dibayar penuh
1 Januari/31 Disember
205,978,000 205,978,000 205,978,000 205,978,000
Pemegang saham biasa adalah berhak untuk menerima dividen seperti yang diisytiharkan dari masa ke semasa dan adalah
berhak untuk satu undi sesaham pada mesyuarat pemegang saham Syarikat. Saham-saham biasa adalah sama taraf
dengan sisa aset Syarikat.
162
31 DISEMBER 2007
32. CUKAI TERTUNDA
Pada 1 Januari
Diiktiraf dalam penyata pendapatan (Nota 9)
Kumpulan
2006 RM 2007 RM 3,672,424 (3,598,546)
3,594,385 78,039 -
-
-
73,878 3,672,424 -
-
Pada 31 Disember
Syarikat
2006
RM
Dibentangkan selepas pelarasan sewajarnya seperti berikut:
Aset cukai tertunda
Liabiliti cukai tertunda
2007 RM Kumpulan
2006 RM 2007 RM (2,489)
76,367 -
3,672,424 -
-
-
73,878 3,672,424 -
-
Syarikat
2006
RM
Komponen-komponen dan pergerakan liabiliti-liabiliti dan aset-aset cukai tertunda sepanjang tahun kewangan sebelum
pelarasan adalah seperti berikut:
Liabiliti Cukai Tertunda bagi Kumpulan:
Pada 1 Januari 2007
Diiktiraf dalam penyata pendapatan
Elaun
Modal
Dipercepatkan
RM
3,672,424
(3,596,057)
76,367
Pada 1 Januari 2006
3,594,385
78,039
3,672,424
Aset Cukai Tertunda bagi Kumpulan:
Pada 1 Januari 2007
(2,489)
(2,489)
163
Aset cukai tertunda tidak diiktiraf untuk item-item berikut:
Kerugian cukai belum diguna
Elaun modal belum diserap
7,937,309 -
19,452,982
267,984
7,937,309 19,720,966
2007 RM Kumpulan
2006
RM
Kerugian cukai belum diguna boleh dilaras dengan keuntungan bercukai subsidiari-subsidiari yang berkenaan pada masa
hadapan, tertakluk kepada tiada perubahan ketara dalam pemegang saham subsidiari-subsidiari tersebut dibawah Akta
Cukai Pendapatan, 1967 dan garis panduan yang diterbitkan oleh pihak berkuasa percukaian.
2007 RM NOTA-NOTA KEPADA PENYATA KEWANGAN
31 DISEMBER 2007
33. LIABILITI LUARJANGKA
Tidak bercagar:
Jaminan korporat bagi kemudahan yang diberikan kepada:
- subsidiari-subsidiari
- syarikat berkaitan
Jaminan bank
Bon prestasi Perbezaan penilaian dengan Lembaga Hasil Dalam
Negeri untuk tahun taksiran 1999 sehingga 2004
2007 RM Kumpulan
-
-
806,829 209,829 -
262,980 395,719 209,829 40,504,000 -
-
-
41,704,000
-
-
1,221,436 -
-
1,016,658 2,089,964 40,504,000 41,704,000
2006
RM
34. URUSAN PENTING DENGAN PIHAK BERKAITAN
(a) Tambahan kepada urusniaga terperinci di dalam penyata kewangan, Kumpulan dan Syarikat mempunyai urusniaga
yang berikut dengan pihak-pihak yang berkaitan sepanjang tahun kewangan:
2007 RM Syarikat
508,316 483,514 -
-
-
-
-
-
-
-
-
-
(2,390,478)
(540,000)
(13,797,595)
39,223 (538,885)
(540,000)
(12,675,195)
96,205
2006
RM
Perbadanan induk
- sewa pejabat dan caj perkhidmatan
- pendapatan faedah - pendapatan yuran pengurusan
- pendapatan dividen kasar Belian insuran dari subsidiari
Kecuali pendapatan dividen, para pengarah berpendapat bahawa semua urusniaga di atas adalah dalam perjalanan
biasa perniagaan dan berdasarkan syarat dan keadaan yang tidak mempunyai perbezaan yang ketara daripada
urusniaga yang dilakukan dengan pihak-pihak yang tidak berkaitan.
(b) Pampasan kepada kakitangan pengurusan utama
Kumpulan
2006 RM 164
2007 RM Ganjaran para pengarah dan lain-lain ahli pengurusan utama adalah seperti berikut:
Kumpulan
Syarikat
2007 2006 2007 2006
RM RM RM RM
Manfaat jangka masa pendek pekerja
2,835,430 2,552,742 1,134,150 1,036,170
Manfaat selepas pekerjaan: - Pelan caruman tertentu
183,251 160,149 39,774 35,880
- Pelan manfaat tertentu 275,407 -
-
3,294,088 2,712,891 1,173,924 1,072,050
31 DISEMBER 2007
34. URUSAN PENTING DENGAN PIHAK BERKAITAN (SAMB.)
(b) Pampasan kepada kakitangan pengurusan utama (Samb.)
Termasuk dalam jumlah kakitangan pengurusan utama adalah:
Kumpulan
2007 2006 RM RM Ganjaran pengarah
1,677,806 1,329,430 2007 RM 1,173,924 Syariakt
2006
RM
1,072,050
35. INSTRUMEN KEWANGAN
(a) Polisi dan Objektif Pengurusan Risiko Kewangan
Polisi pengurusan risiko kewangan Kumpulan memastikan bahawa sumber kewangan yang mencukupi dapat diraihkan
untuk pembangunan perniagaan Kumpulan di samping menguruskan risiko-risiko kadar faedah (kedua-dua nilai saksama
dan aliran tunai), risiko kecairan dan risiko kredit. Lembaga Pengarah Kumpulan menyemak dan bersetuju polisi bagi
menguruskan setiap risiko dan ianya diringkaskan di bawah. Di sepanjang tahun, adalah menjadi polisi Kumpulan untuk
tidak melibatkan sebarang urusniaga berasaskan instrumen kewangan derivatif.
(b) Risiko Kadar Faedah
Kumpulan terdedah kepada risiko kadar faedah melalui kesan perubahan kadar ke atas pinjaman berfaedah dan aset
berfaedah. Pelaburan dalam aset kewangan adalah berbentuk jangka pendek dan bukan untuk tujuan spekulasi, dan
kebanyakannya adalah deposit tetap dengan institusi kewangan berlesen.
Kadar risiko faedah Kumpulan terutamanya terdiri daripada pinjaman berfaedah. Pinjaman pada kadar terapung
mendedahkan Kumpulan kepada risiko kadar faedah aliran tunai. Pinjaman diperoleh pada kadar tetap mendedahkan
Kumpulan kepada risiko kadar faedah nilai saksama. Kumpulan menguruskan risiko kadar faedah dengan mengimbang
kadar pinjaman tetap dan terapung.
Jadual-jadual berikut menunjukkan nilai dibawa, purata wajaran kadar faedah berkesan (“PWKFB”) pada tarikh lembaran
imbangan dan baki kematangan instrumen kewangan Kumpulan yang terdedah kepada risiko kadar faedah:
Nota
PWKFB Dalam masa 1-2
%
1 Tahun Tahun RM RM Lebih
Daripada
3 Tahun RM Jumlah
RM
Kumpulan
165
Kadar tetap
Pinjaman berjangka
Pemiutang sewabeli
Penerimaan jurubank
REBs
26 27 26 28 8.72 4.81 8.25 5.25 (5,374,880)
(186,958)
(274,000)
-
(3,838,025)
(225,006)
-
-
(1,020,000)
(243,602)
-
(64,485,714)
(10,232,905)
(655,566)
(274,000)
(64,485,714)
Kadar terapung
Deposit tetap
Overdraf bank
Kredit pusingan
24 26 26 3.45 8.24 5.47 19,259,850 (19,051,147)
(6,500,000)
-
-
-
-
-
-
19,259,850
(19,051,147)
(6,500,000)
31 DISEMBER 2007
35. INSTRUMEN KEWANGAN (SAMB.)
(b) Risiko Kadar Faedah (Samb.)
Nota
PWKFB Dalam masa 1-2
%
1 Tahun Tahun RM RM PASDEC HOLDINGS BERHAD ANNUAL REPORT 2007
166
Lebih
Daripada
3 Tahun RM Jumlah
RM
Syarikat
Kadar tetap
Terhutang oleh syarikat subsidiari 21
Pemiutang sewabeli
27
REBs
28
6.00 4.87 5.25 27,146,414 (19,762)
-
-
(20,799)
-
-
(54,489)
(64,485,714)
27,146,414
(95,050)
(64,485,714)
Kumpulan
Kadar Tetap
Pinjaman berjangka
Pemiutang sewabeli
Penerimaan jurubank
REBs
26 27 26 28 8.47 5.25 8.25 5.25 (6,082,110)
(70,650)
(520,000)
-
(1,745,628)
(80,615)
-
-
-
(39,424)
-
(151,068,052)
(7,827,738)
(190,689)
(520,000)
(151,068,052)
Kadar terapung
Deposit tetap
Overdraf bank
Kredit pusingan
24 26 26 3.47 6.63 8.58 7,871,390 (6,340,105)
(12,500,000)
-
-
-
-
-
-
7,871,390
(6,340,105)
(12,500,000)
Kadar tetap
Terhutang oleh syarikat subsidiari 21
Pemiutang sewabeli
27
REBs
28
6.00 4.87 5.25 71,124,327 (18,725)
-
-
(55,625)
-
-
(39,424)
(151,068,052)
71,124,327
(113,774)
(151,068,052)
Syarikat
Faedah atas instrumen kewangan yang tertakluk kepada kadar faedah terapung, ditetapkan semula secara kontrak pada
jangka masa kurang dari 6 bulan dan tahunan. Faedah atas instrumen kewangan yang tertakluk kepada kadar tetap
adalah tetap sehingga instrumen matang. Instrumen kewangan lain Kumpulan dan Syarikat yang tidak termasuk dalam
jadual di atas, adalah tidak tertakluk kepada risiko kadar faedah.
(c) Risiko Kecairan
Kumpulan menguruskan profil kematangan hutang, aliran wang tunai dari kegiatan kendalian dan kemudahan dana untuk
memastikan kesemua keperluan kewangan, bayaran balik dan dana dapat dipenuhi. Sebagai sebahagian daripada
keseluruhan pengurusan kecairan, Kumpulan menetapkan tahap tunai dan pelaburan boleh tukar tunai yang mencukupi
untuk memenuhi keperluan modal kerja. Tambahan pula, Kumpulan tegas dalam pengekalan keupayaan kemudahan
kewangan pada tahap yang memuaskan. Sejauh yang boleh, Kumpulan meraih dana komited dari kedua-dua pasaran
modal dan institusi kewangan dan mengimbangkan portfolionya dengan dana jangka pendek untuk mencapai kos
efektif yang menyeluruh.
31 DISEMBER 2007
35. INSTRUMEN KEWANGAN (SAMB.)
(d) Risiko Kredit
Pendedahan utama risiko kredit bagi Kumpulan adalah daripada penghutang perdagangan. Kumpulan hanya
menjalankan urusniaga dengan pihak-pihak yang mempunyai status kredit yang baik. Adalah menjadi polisi bagi Kumpulan
untuk memastikan setiap urusniaga kredit yang akan dilakukan melalui prosedur pengesahan kredit. Di samping itu, baki
terhutang diawasi secara berterusan untuk memastikan pendedahan Kumpulan kepada hutang lapuk tidak ketara. Syarat
perdagangan secara kredit tidak akan ditawarkan sebelum mendapat kelulusan daripada Bahagian Kawalan Kredit.
Disebabkan oleh urusniaga dijalankan dengan pihak yang mempunyai kedudukan kredit yang baik, tiada sebarang
cagaran diperlukan
Risiko kredit Kumpulan untuk lain-lain aset kewangan, yang terdiri daripada tunai dan kesetaraan tunai, sekuriti boleh pasar
dan pelaburan bukan semasa, yang mungkin berlaku akibat kemungkiran oleh pihak bertimbal, dengan pendedahan
maksimumnya adalah bersamaan dengan nilai dibawa aset-aset kewangan tersebut
Kumpulan tidak mempunyai sebarang pendedahan yang ketara kepada mana-mana pelanggan individu atau pihak
terbabit dan tidak mempunyai sebarang penumpuan risiko kredit yang tinggi berkaitan dengan aset-aset kewangannya.
(e) Nilai Saksama
Nilai pembawa aset kewangan dan liabiliti Kumpulan dan Syarikat pada tarikh lembaran imbangan adalah hampir
menyamai nilai saksama kecuali yang berikut:
Nilai Nilai
Nota Bawaan Saksama
RM RM
Kumpulan
Pada 31 Disember 2007:
Pinjaman berjangka
Pemiutang sewabeli
REBs 23
26
27
28
67,803,643 10,232,905 655,566 64,485,714 159,478,231
8,976,376
773,519
76,908,800
Pinjaman berjangka
Pemiutang sewabeli
REBs 23
26
27
28
163,743,367 7,827,738 193,985 151,068,052 267,799,948
7,078,167
273,216
190,962,428
Syarikat
Pemiutang sewabeli
REBs
23
27
28
15,614,022 95,050 64,485,714 15,614,022
111,762
76,908,800
Pemiutang sewabeli
REBs
23
27
28
47,000,000 113,774 151,068,052 38,994,832
131,462
190,962,428
Nilai saksama bagi pinjaman dianggarkan dengan mendiskaunkan jangkaan aliran tunai masa hadapan dengan
menggunakan kadar faedah semasa bagi liabiliti yang mempunyai profil risiko yang sama.
Kaedah dan andaian yang digunakan oleh pihak pengurusan untuk menganggarkan nilai saksama sekuriti boleh pasar
adalah dengan merujuk kepada harga bida pasaran disebut di pasaran pertukaran saham ketika penutupan perniagaan
pada tarikh lembaran imbangan.
167
31 DISEMBER 2007
36. PERISTIWA-PERISTIWA PENTING
(a) Lanjutan daripada Perjanjian Usahasama yang telah ditandatangani pada 28 Januari 2006, Syarikat telah membeli
800,000 saham biasa RM1 setiap satu mewakili 70% kepentingan ekuiti dalam Bentong Aquarium & Sanctuary Park Sdn.
Bhd. (“BASPSB”) untuk jumlah balasan belian sebanyak RM800,000 dalam tahun kewangan.
(b) Pada 20 Jun 2007, sebuah subsidiari Syarikat, Pasdec Trading Sdn. Bhd. telah ditubuhkan dengan modal diterbitkan dan
dibayar penuh sebanyak RM2.
(c) Pada 26 Julai 2007, Syarikat telah memindahkan seluruh pelaburannya di dalam Pahang Aircraft Industries Sdn. Bhd.
kepada sebuah subsidiari, Mutiara Pasdec Sdn. Bhd. untuk balasan RM2 mewakili 2 saham biasa dalam Pahang Aircraft
Industries Sdn. Bhd..
(d) Pada 3 Disember 2007, Pasdec Corporation Sdn. Bhd. telah memasuki satu Perjanjian Jual Beli bersyarat dengan Mentiga
Corporation Berhad untuk pembelian sebidang tanah dengan anggaran ukuran 28.98 ekar di Mukim Kuala Kuantan,
Daerah Kuantan, Pahang Darul Makmur untuk jumlah bayaran belian sebanyak RM9,856,457. Pada 31 Disember 2007,
Syarikat telah membayar deposit sebanyak RM851,960 untuk tanah tersebut.
(e) Dalam tahun kewangan, sebidang tanah milik sebuah subsidiari, Pasdec Pintas Sdn. Bhd. (“PPSB”) telah dilelong tanpa
pengetahuan Lembaga Pengarah PPSB dan Syarikat.
Sebelum pembelian PPSB (sebelumnya dikenali sebagai Lancar Pintas Sdn. Bhd.) dalam tahun 1997 oleh Syarikat, PPSB
telah memasuki satu perjanjian jual beli dengan bakal-bakal pembeli lot-lot kedai yang akan dibina oleh PPSB.
Dalam tahun 2005, dua daripada bakal-bakal pembeli tersebut telah mengambil tindakan undang-undang terhadap
PPSB kerana kegagalan memulakan dan membina lot-lot kedai tersebut. Saman yang dihantar ke alamat yang bukan
merupakan alamat berdaftar atau perniagaan PPSB telah menyebabkan PPSB tidak sedar tentang tindakan undangundang tersebut.
Pihak plaintif telah berjaya mendapatkan penghakiman engkar kehadiran dan seterusnya melelong tanah tersebut dalam
tahun 2007 pada harga RM2,660,000. Pemindahan hak milik kepada pembeli telah disempurnakan dalam tahun 2007.
Para pengarah PPSB berpendapat bahawa adanya unsur penipuan yang terselindung di sebalik kejadian ini dan telah
memulakan tindakan undang-undang terhadap pihak yang berkenaan.
Berikutan dengan itu, peruntukan kerugian rosotnilai sebanyak RM20,116,367 terhadap tanah tersebut telah dibuat di
dalam buku PPSB bagi tahun kewangan berakhir 31 Disember 2007.
168
(f) Dalam tahun kewangan, kesemua RM15 juta nilai nominal Rainbow Exchangeable Bonds (“REBs”) dari Siri I dan RM74 juta
daripada RM135 juta nilai nominal REBs di bawah Siri II telah ditebus.
31 DISEMBER 2007
37. PERISTIWA-PERISTIWA SUSULAN
(a) Bermula 1 Januari 2008, subsidiari Syarikat, Pasdec Bina Sdn. Bhd. telah memindahkan semua kegiatannya yang berkaitan
dengan perniagaan bahan-bahan binaan kepada Pasdec Trading Sdn. Bhd. dan kegiatan yang berkaitan dengan
penyewaan mesin telah diberhentikan.
(b) Susulan kepada tahun berakhir, RM11 juta nilai nominal Rainbow Exchangeable Bonds (“REBs”) daripada Siri II telah
ditebus.
38. ANGKA-ANGKA PERBANDINGAN
Berikut adalah jumlah perbandingan pada 31 Disember 2007 yang telah dikelaskan semula menurut pengemukaan tahun
semasa:
Sebagaimana Sebagaimana Dinyatakan
Dinyatakan
Sebelumnya Perubahan
Semula
RM RM RM
Lembaran Imbangan
87,986,168 1,481,754 89,467,922
Pemiutang perdagangan
(20,906,224)
(1,481,754)
(22,387,978)
39. MAKLUMAT SEGMEN
(a) Format Laporan
Format laporan segmen utama ditentukan berdasarkan segmen perniagaan disebabkan risiko dan kadar pulangan
Kumpulan secara prinsipalnya dipengaruhi oleh kelainan dalam jenis produk dan perkhidmatan yang diberikan. Informasi
peringkat kedua dilaporkan secara geografi. Operasi perniagaan diaturkan dan diuruskan berasingan berdasarkan jenis
produk dan perkhidmatan yang diberikan, dengan setiap segmen mewakili unit strategi perniagaan yang menawarkan
produk berbeza dan untuk tujuan pasaran berlainan.
(b) Segmen Perniagaan
Organisasi Kumpulan secara keseluruhannya terbahagi kepada segmen-segmen perniagaan utama:
(i) Pemegang pelaburan - penyediaan perkhidmatan pengurusan;
(ii) Pembangunan hartanah - pembangunan hartanah perumahan dan komersil;
(iii) Perdagangan - dalam bahan-bahan binaan;
(iv) Pengilangan - pembuatan dan jualan batu-bata; dan
(v) Pembinaan - pembangunan hartanah perumahan dan komersil.
Tiada laporan segmen berdasarkan geografi disediakan kerana aktiviti-aktiviti Kumpulan hanya dijalankan di Malaysia.
169
39.
Pembangunan Hartanah 2007 2006 RM RM 8,655,096 214,900 3,987,169 -
Perdagangan 2007 2006 RM RM 1,071,012 470,542 -
842,032 Pengilangan
2007 2006 RM RM Jumlah 2007 2006 RM RM Penghapusan 2007 2006 RM RM Disatukan 2007 2006
RM RM
9,736,768 20,115,094 107,229,338 105,659,001 -
- 107,229,338 105,659,001
-
- 15,136,857 14,211,227 (15,136,857) (14,211,227)
-
-
Pembinaan 2007 2006 RM RM (881,983)
-
(491,748)
-
(400,602)
(956)
6,311 41,135,487 14,794,069 (9,508,036) (12,086,913) 31,377,035 4,673,537
- (4,972,696) (3,483,861)
-
61,231 (4,972,696) (3,422,630)
308,863
-
-
1,200,000 1,200,000 290,472,551 374,453,141 492,409,767 512,512,687 -
6,641,098 -
1,955,320 -
2,302,489 -
2,007,323 -
9,552,393 -
1,200,000 1,200,000 2,413,951 2,665,068 3,613,951 3,865,068
9,864,533 801,378,298 900,793,004 (294,287,948) (346,440,499) 507,090,350 554,352,505
Jumlah aset 510,704,301 558,217,573
Liabiliti
Liabiliti segmen 66,051,892 153,324,770 295,245,811 330,843,739 6,513,431 1,786,344 4,128,001 2,958,533 8,291,002 9,012,028 380,230,137 497,925,414 (234,071,424) (281,592,866) 146,158,713 216,332,548
Maklumat lain
Perbelanjaan modal -
- 1,160,663 70,900 28,199 719 845,511 680 22,405 3,627 2,056,778 75,926 -
- 2,056,778 75,926
Susutnilai hartanah,
loji dan peralatan 17,364 17,365 739,970 716,735 10,568 3,204 141,388 217,156 11,601 16,167 920,891 970,627 -
-
920,891 970,627
Susutnilai pelaburan hartanah -
-
166,057 39,968 -
-
-
-
-
-
166,057 39,968 -
-
166,057 39,968
Rosotnilai diiktiraf dalam
penyata pendapatan
3,750,050 279,559 24,795,333 -
-
-
179,091 -
-
- 28,724,474 279,559 (3,419,957)
(279,559) 25,304,517 Kerugian rosotnilai baikpulih (1,651,831)
(76,159)
(243,600)
(152,066)
-
(567)
-
-
-
(2,863) (1,895,431)
(231,655) 1,651,831 76,159 (243,600)
(155,496)
Lain-lain perbelanjaan
bukan tunai: Peruntukan -
48,690 9,668,372 268,225 147,148 -
-
-
161,527 - 9,977,047 316,915 (4,188,960)
(48,690) 5,788,087 268,225
Tambahan dalam liabiliti
tanggungan manfaat tertentu -
-
590,441 478,168 -
-
-
-
-
-
590,441 478,168 -
-
590,441 478,168
Aset
Aset segmen Pelaburan dalam
syarikat bersekutu 1,138,987
(224,322)
-
(241,116)
Keuntungan selepas cukai 31,603,614 (349,115)
(870)
-
538,885 (9,244,350) (6,657,373)
1,250,907
(111,920)
5,361,562 3,795,991 37,405,625 11,707,837 938,726 (1,811,518) (5,909,596) (1,672,343)
-
2,734,582 Keuntungan bagi tahun 26,404,339 Kepentingan minoriti 5,199,275 Keuntungan/(kerugian)
sebelum cukai Cukai Kos kewangan (11,978,932) (7,196,258)
Bahagian (kerugian)/ keuntungan
syarikat-syarikat bersekutu -
-
(241,116)
308,863 -
-
-
-
-
-
(241,116)
308,863 Jumlah pendapatan 14,376,235 21,363,076 87,841,642 73,562,857 8,869,996 3,987,169 1,541,554 842,032 9,736,768 20,115,094 122,366,195 119,870,228 (15,136,857) (14,211,227) 107,229,338 105,659,001
HASIL
Hasil segmen 12,500,200 8,696,876 42,029,543 15,457,776 (283,390)
30,704 (822,987)
(692,411)
(318,247)
154,900 53,105,119 23,647,845 (12,242,618) (12,625,798) 40,862,501 11,022,047
720 7,993,881 87,765,742 73,562,857 14,375,515 13,369,195 75,900 -
Pemegang Pelaburan 2007 2006 RM RM 170
PENDAPATAN
- Jualan luar - Jualan antara segmen MAKLUMAT SEGMEN (SAMB.)
31 DISEMBER 2007
ANALYSIS OF SHAREHOLDINGS As At 30 April 2008
ANALISA PEMEGANG SAHAM Pada 30 April 2008
Authorised Share Capital/
Modal Saham Dibenar
: RM500,000,000
Issued and Paid-up Capital/
Modal Diterbitkan dan Berbayar
: RM205,978,000
Class of Shares/Jenis Saham
: Ordinary Shares of RM1.00 each / Saham Biasa RM1.00 setiap satu
Voting Rights/Hak Mengundi
: One vote per shareholder on a show of hands or one vote per ordinary share on a poll /
Satu undi bagi setiap pemegang saham dengan mengangkat tangan atau satu undi bagi
setiap saham biasa dengan cara mengundi
Analysis by Size of Shareholdings/Analisa Mengikut Saiz Pegangan Saham
Size Of Shareholdings
Saiz Pegangan Saham
No. Of Shareholders
Bil. Pemegang Saham
%
No. Of Shares
Bil. Saham
%
1 - 99
100 - 1000
1001 - 10000
10001 - 100000
100001 – 10298899 (*)
10298900 and above (**)
5
1,985
2,882
703
88
3
0.09
35.03
50.86
12.41
1.55
0.05
161
1,962,972
12,624,684
20,937,933
35,163,200
135,289,050
0.00
0.95
6.13
10.17
17.07
65.68
Total/Jumlah
5,666
100.00
205,978,000
100.00
Remarks / Nota:
* Less than 5% issued shares/Tidak melebihi 5% daripada saham diterbitkan
** 5% and above of issued shares/Melebihi 5% daripada saham diterbitkan
Substantial Shareholders (Excluding Bare Trustees)/Para Pemegang Saham Utama (Kecuali Bare Trustees
Perbadanan Kemajuan Negeri Pahang
Direct/ Langsung
No. Of Shares Held/
Bil. Pegangan Saham
%
Indirect/ Tidak Langsung
No. Of Shares Held/
Bil. Pegangan Saham
%
106,395,650(1)
51.65
-
-
Ciri Ehsan Sdn. Bhd.
18,563,800
9.01 -
-
Hong Leong Fund Management Sdn. Bhd.
for Pembinaan Sri Jati Sdn. Berhad
15,806,600
7.67
-
-
Notes / Nota:(1)
Inclusive of 4,300,000 ordinary shares held by nominee company, AIBB Nominees (Tempatan) Sdn. Bhd., whereby Perbadanan
Kemajuan Negeri Pahang is the beneficial owner.
Termasuk 4,300,000 saham biasa yang dipegang oleh syarikat nominee, AIBB Nominees (Tempatan) Sdn. Bhd. yang mana
Perbadanan Kemajuan Negeri Pahang merupakan pemegang saham benefisiari.
171
Name/Nama
ANALYSIS OF SHAREHOLDINGS As At 30 April 2008
ANALISA PEMEGANG SAHAM Pada 30 April 2008
List Of 30 Largest Shareholders/Senarai 30 Pemegang Saham Terbesar
No. Name
Bil
Nama
No. Of Shares
Bil. Saham
%
1.
2.
Ciri Ehsan Sdn. Bhd.
3.
HLG Nominee (Tempatan) Sdn. Bhd.
- Hong Leong Fund Management Sdn. Bhd. for Pembinaan Sri Jati Sdn. Berhad
4.
Amanah Raya Nominees (Tempatan) Sdn. Bhd.
- Skim Amanah Saham Bumiputera Permodalan Nasional Berhad
5.
AIBB Nominees (Tempatan) Sdn. Bhd.
- Perbadanan Kemajuan Negeri Pahang
6.
Yeoh Kean Hua 7.
Ke-Zan Nominees (Asing) Sdn. Bhd.
- Kim Eng Securities Pte. Ltd. for Horizon Growth Fund N.V.
8.
9.
Feab Properties Sdn. Bhd. 10. Ciptaan Meriang Sdn. Bhd.
11. Poo Choo @ Ong Poo Choi
12. Zenith Aim Sdn. Bhd.
13. Chuah Chew Hing
14. Teh Bee Gaik 15. Tan Kian Chuan
16. Tew Kim Thin
17. OSK Nominees (Tempatan) Sdn. Berhad
- Pledged Securities A/C for Tan Gaik Suan
18. Yeoh Meng Ghee
19. Citigroup Nominees (Tempatan) Sdn. Bhd.
- Pledged Securities A/C for Pheng Yin Huah
20. ECML Nominees (Tempatan) Sdn. Bhd.
- Pledged Securities A/C for Koo Tang Liang @ Koo Chee Meng
21. Yeoh Phek Leng
22. Yeoh Swee Leng
23. Public Invest Nominees (Tempatan) Sdn. Bhd.
- Pledged Securities A/C for Liew Fui Ngo
24. Tan Kian Aik
25. Mayban Nominees (Tempatan) Sdn. Bhd.
- Pledged Securities A/C for Koay Boon Hooi
26. Tan Suat Yong
27. Yayasan Selangor
28. TCL Nominees (Tempatan) Sdn. Bhd.
- Pledged Securities A/C for Chin Kiam Hsung
29. Public Nominees (Tempatan) Sdn. Bhd.
- Pledged Securities A/C for Tan Teang Yam
30. Mohd Fauzi bin Mohd Anuar
100,918,650
18,563,800
48.99
9.01
15,806,600
7.67
5,000,000
2.43
4,300,000
2,140,000
2.09
1.04
1,969,500
1,177,000
1,000,000
965,700
905,900
867,900
756,500
740,000
590,100
520,000
0.96
0.57
0.49
0.47
0.44
0.42
0.37
0.36
0.29
0.25
430,000
410,000
0.21
0.20
400,000
0.19
399,900
371,000
360,000
0.19
0.18
0.17
356,000
318,500
0.17
0.15
301,000
300,000
300,000
0.15
0.15
0.15
290,500
0.14
260,000
250,000
0.13
0.12
Total/Jumlah
160,968,550
78.15
Directors’ Interest In The Company Or In A Related Corporation/
Kepentingan Para Pengarah Di Dalam Syarikat Atau Syarikat Berkaitan
172
No. Name
Bil Nama
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Dato’ Haji Mohamd Nor bin Ali
Majid bin Mohamad
Direct/ Langsung
No. Of Shares Held/
Bil. Pegangan Saham
%
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Indirect/ Tidak Langsung
No. Of Shares Held/
Bil. Pegangan Saham
%
-
-
-
-
-
-
-
-
-
-
-
LIST OF PROPERTIES As at 31 December 2007
PEGANGAN HARTANAH Pada 31 Disember 2007
PROJET / TITLE / LOCATION
PROJEK/HAK MILIK/LOKASI
DESCRIPTION OF
AGE OF
BUILT-UP
LAND
NET BOOK VALUE@
TENURE
PROPERTY/
BUILDING
AREAS
AREA
31.12.2007
EXISTING USE
(YEARS)
(M.S.Q)
(ACRES)
(RM)
PEGANGAN
JENIS HARTANAH/
USIA
KELUASAN
KAWASAN
NILAI BUKU BERSIH@
KEGUNAAN SEMASA
BANGUNAN
KAWASAN
TANAH
31.12.2007
(TAHUN)
(MPS)
(EKAR)
(RM)
KUANTAN
(Properties/Land bank)
1
Kompleks Teruntum
Leasehold(99 yrs)
Building / Commercial
Lot 2.15
22 years
0.01 Lot 2.16
“
0.01 Lot 3.13 - 3.15
“
0.14 Lot G-20
“
0.02
0.38
19 th floor “
0.20 PN 398 Lot 146 Sek.18 (Master title)
Leasehold(99 yrs)
Bandar Kuantan, Daerah Kuantan
Expiring 08.06.2075
(2.10 Ac.)
1,542,051
(Project On planning)
2
HS(M) 26538 / PT.29080 (Medan Jaja-BIM)
Leasehold (99 yrs)
Vacant land /
-
-
0.31 59,183
Mukim Kuala Kuantan, Daerah Kuantan
Expiring 27.09.2091
3
Project Phg.Cement S.B. (for housing)
HS(D) 15538 / PT.992
Leasehold (99 yrs)
Vacant land /
-
-
49.42 427,820
Mukim Ulu Kuantan, Daerah Kuantan
Expiring 03.06.2095
Building / Residential
-
-
1.04 6,193,531
30 years
1.68 2.40 1,551,601
0.96 1,611,704
4
Project Mahkota Square
PN 1872 Lot 40 Sek. 5 Leasehold (99 yrs)
Vacant land /
Expiring 31.03.2081
5
Project Kuantan Waterfront
HS(D) 313 / PT.4332 (Medan Pelancung)
Leasehold (99 yrs)
Commercial Bandar Kuantan, Daerah Kuantan
Expiring 23.04.2072
(Shop Lots)
Workshops Jaya Gading (24 Lots)
(Project Ongoing)
HS(D) 7677 PT. 15310
Leasehold (99 yrs)
Vacant land /
-
387.22 mp.
HS(D) 7678 PT. 15311
Expiring 28.12.2096
Industries
148.64 mp.
HS(D) 7679 PT. 15312
148.64 mp.
HS(D) 7680 PT. 15313
148.64 mp.
HS(D) 7681 PT. 15314
148.64 mp.
HS(D) 7682 PT. 15315
148.64 mp.
HS(D) 7683 PT. 15316
148.64 mp.
HS(D) 7684 PT. 15317
148.64 mp.
HS(D) 7685 PT. 15318
148.64 mp.
HS(D) 7686 PT. 15319
148.64 mp.
HS(D) 7687 PT. 15320
148.64 mp.
HS(D) 7688 PT. 15321
148.64 mp.
HS(D) 7689 PT. 15322
372.33 mp.
HS(D) 7690 PT. 15323
148.64 mp.
HS(D) 7691 PT. 15324
148.64 mp.
HS(D) 7692 PT. 15325
148.64 mp.
HS(D) 7693 PT. 15326
148.64 mp.
HS(D) 7694 PT. 15327
148.64 mp.
HS(D) 7695 PT. 15328
148.64 mp.
HS(D) 7696 PT. 15329
148.64 mp.
HS(D) 7697 PT. 15330
148.64 mp.
HS(D) 7698 PT. 15331
148.64 mp.
HS(D) 7699 PT. 15332
148.64 mp.
HS(D) 7700 PT. 15333
390.30 mp.
173
6
DESCRIPTION OF
AGE OF
BUILT-UP
LAND
NET BOOK VALUE@
TENURE
PROPERTY/
BUILDING
AREAS
AREA
31.12.2007
EXISTING USE
(YEARS)
(M.S.Q)
(ACRES)
(RM)
PEGANGAN
JENIS HARTANAH/
USIA
KELUASAN
KAWASAN
NILAI BUKU BERSIH@
KEGUNAAN SEMASA
BANGUNAN
KAWASAN
TANAH
31.12.2007
(TAHUN)
(MPS)
(EKAR)
(RM)
7
Project Bandar Baru Gebeng (Balok Perdana)
-
PN.4500 Lot 9730 (HS(D) 20038) (Zon 4)
Leasehold (99 yrs)
Vacant land / 5.91 Ha.
14.60 PN.4501 Lot 9731 (HS(D) 20039) (Zon 6)
Expiring 16.01.2099
13.44 Ha.
33.20 PN.7467 Lot 11083 [HS(D) 23612 ] (Zon 3A2)
143,000.00 mp.
35.34 HS(D) 23613 PT. 9311 (Zon 3A1)
27,204.00 mp.
6.72 PN.6974 Lot 11085 [HS(D) 23614] (Zon 2A1)
( Food Court )
7,593.00 mp.
1.88 PN.6975 Lot 11086 [HS(D) 23615] (Zon 2A2)
( Commercial )
73,660.00 mp.
18.20 HS(D) 23616 PT. 9314 (Zon 2B - Comm.)
( Commercial )
134,299.00 mp.
33.19 HS(D) 23617 PT. 9315 (Zon 2C - Comm.)
( Commercial )
10,497.00 mp.
2.59 HS(D) 24230 PT. 10863 (Zon 5)
58,772.764 mp.
14.52 Mukim Sg. Karang, Daerah Kuantan
0.69 8
Project Balok Perdana (Zon 1 F3 - Bayan ) (Project Ongoing)
HS(D) 23787 PT. 9485 Leasehold (99 yrs)
Vacant land / 287.00 mp.
HS(D) 23788 PT. 9846
Expiring 16.01.2099
130.00 mp.
HS(D) 23789 PT. 9847
130.00 mp.
HS(D) 23790 PT. 9488
130.00 mp.
HS(D) 23791 PT. 9489
130.00 mp.
HS(D) 23792 PT. 9490
130.00 mp.
HS(D) 23793 PT. 9491
130.00 mp.
HS(D) 23794 PT. 9492
130.00 mp.
HS(D) 23795 PT. 9493
163.00 mp.
HS(D) 23796 PT. 9494
163.00 mp.
HS(D) 23797 PT. 9495
130.00 mp.
HS(D) 23798 PT. 9496
130.00 mp.
HS(D) 23799 PT. 9497
130.00 mp.
HS(D) 23800 PT. 9498
130.00 mp.
HS(D) 23801 PT. 9499
130.00 mp.
HS(D) 23802 PT. 9500
130.00 mp.
HS(D) 23803 PT. 9501 130.00 mp.
HS(D) 23804 PT. 9502
355.00 mp.
Mukim Sg. Karang, Daerah Kuantan
174
9
Project Balok Perdana ( Zon 3C )
(Project Ongoing)
HS(D) 24139 PT. 9837 Leasehold (99 yrs)
HS(D) 24140 PT. 9838
Expiring 16.01.2099
156.00 mp.
HS(D) 24143 PT. 9841
130.00 mp.
HS(D) 24145 PT. 9843
130.00 mp.
HS(D) 24147 PT. 9845
130.00 mp.
HS(D) 24149 PT. 9847
130.00 mp.
HS(D) 24150 PT. 9848
156.00 mp.
HS(D) 24152 PT. 9850
249.00 mp.
HS(D) 24153 PT. 9851
Leasehold (99 yrs)
HS(D) 24154 PT. 9852
Expiring 16.01.2099
130.00 mp.
HS(D) 24155 PT. 9853
130.00 mp.
HS(D) 24156 PT. 9854
130.00 mp.
HS(D) 24157 PT. 9855
130.00 mp.
HS(D) 24158 PT. 9856
130.00 mp.
HS(D) 24159 PT. 9857
130.00 mp.
HS(D) 24160 PT. 9858
130.00 mp.
HS(D) 24161 PT. 9859
130.00 mp.
HS(D) 24162 PT. 9860
156.00 mp.
3.69 17,284,930
DESCRIPTION OF
AGE OF
BUILT-UP
LAND
NET BOOK VALUE@
TENURE
PROPERTY/
BUILDING
AREAS
AREA
31.12.2007
EXISTING USE
(YEARS)
(M.S.Q)
(ACRES)
(RM)
PEGANGAN
JENIS HARTANAH/
USIA
KELUASAN
KAWASAN
NILAI BUKU BERSIH@
KEGUNAAN SEMASA
BANGUNAN
KAWASAN
TANAH
31.12.2007
(TAHUN)
(MPS)
(EKAR)
(RM)
HS(D) 24163 PT. 9861
378.00 mp.
HS(D) 24165 PT. 9863
156.00 mp.
HS(D) 24168 PT. 9866 (Zon 3C)
130.00 mp.
HS(D) 24169 PT. 9867
130.00 mp.
HS(D) 24170 PT. 9868
130.00 mp.
HS(D) 24171 PT. 9869
130.00 mp.
HS(D) 24172 PT. 9870
130.00 mp.
HS(D) 24175 PT. 9873
278.00 mp.
HS(D) 24176 PT. 9874 (Zon 3C)
1,907.00 mp.
HS(D) 24177 PT. 9875
288.00 mp.
HS(D) 24178 PT. 9876
156.00 mp.
HS(D) 24179 PT. 9877
143.00 mp.
HS(D) 24180 PT. 9878
143.00 mp.
HS(D) 24181 PT. 9879
143.00 mp.
HS(D) 24182 PT. 9880
156.00 mp.
HS(D) 24183 PT. 9881
288.00 mp.
HS(D) 24184 PT. 9882
304.00 mp.
HS(D) 24185 PT. 9883
156.00 mp.
HS(D) 24186 PT. 9884
143.00 mp.
HS(D) 24187 PT. 9885
143.00 mp.
HS(D) 24191 PT. 9889
399.00 mp.
HS(D) 24192 PT. 9890
156.00 mp.
HS(D) 24193 PT. 9891
143.00 mp.
HS(D) 24194 PT. 9892
143.00 mp.
HS(D) 24195 PT. 9893
143.00 mp.
HS(D) 24196 PT. 9894
143.00 mp.
HS(D) 24197 PT. 9895
143.00 mp.
HS(D) 24198 PT. 9896
143.00 mp.
HS(D) 24199 PT. 9897
156.00 mp.
HS(D) 24200 PT. 9898
190.00 mp.
HS(D) 24201 PT. 9899
368.00 mp.
HS(D) 24202 PT. 9900
156.00 mp.
HS(D) 24203 PT. 9901
143.00 mp.
HS(D) 24204 PT. 9902
143.00 mp.
HS(D) 24205 PT. 9903
143.00 mp.
HS(D) 24206 PT. 9904
143.00 mp.
HS(D) 24207 PT. 9905
143.00 mp.
HS(D) 24208 PT. 9906
143.00 mp.
HS(D) 24209 PT. 9907
156.00 mp.
HS(D) 24210 PT. 9908
190.00 mp.
HS(D) 24211 PT. 9909 190.00 mp.
HS(D) 24212 PT. 9910
156.00 mp.
HS(D) 24213 PT. 9911
143.00 mp.
HS(D) 24214 PT. 9912
143.00 mp.
HS(D) 24215 PT. 9913
143.00 mp.
HS(D) 24216 PT. 9914
143.00 mp.
HS(D) 24217 PT. 9915
143.00 mp.
HS(D) 24218 PT. 9916
143.00 mp.
HS(D) 24219 PT. 9917
156.00 mp.
HS(D) 24220 PT. 9918
302.00 mp.
HS(D) 24221 PT. 9919 337.00 mp.
HS(D) 24222 PT. 9920
156.00 mp.
175
DESCRIPTION OF
AGE OF
BUILT-UP
LAND
NET BOOK VALUE@
TENURE
PROPERTY/
BUILDING
AREAS
AREA
31.12.2007
EXISTING USE
(YEARS)
(M.S.Q)
(ACRES)
(RM)
PEGANGAN
JENIS HARTANAH/
USIA
KELUASAN
KAWASAN
NILAI BUKU BERSIH@
KEGUNAAN SEMASA
BANGUNAN
KAWASAN
TANAH
31.12.2007
(TAHUN)
(MPS)
(EKAR)
(RM)
HS(D) 24223 PT. 9921
143.00 mp.
HS(D) 24224 PT. 9922
143.00 mp.
HS(D) 24225 PT. 9923
143.00 mp.
HS(D) 24226 PT. 9924
143.00 mp.
HS(D) 24227 PT. 9925
143.00 mp.
HS(D) 24228 PT. 9926
156.00 mp.
HS(D) 24229 PT. 9927 (Zon 3C)
255.00 mp.
-
-
7.35
176
10
Project Chendor Utama (Project Ongoing)
PN 4828 Lot 10093 ( HS(D) 20789 )
Leasehold (99 yrs)
Vacant land /
Expiring 30.09.2100
HS(D) 27730 PT.11494
360.00 mp.
HS(D) 27731 PT.11495
300.00 mp.
HS(D) 27732 PT.11496
265.00 mp.
HS(D) 27733 PT.11497
265.00 mp.
HS(D) 27734 PT.11498
265.00 mp.
HS(D) 27735 PT.11499
265.00 mp.
HS(D) 27736 PT.11500
265.00 mp.
HS(D) 27737 PT.11501
265.00 mp.
HS(D) 27738 PT.11502
290.00 mp.
HS(D) 27739 PT.11503
361.00 mp.
HS(D) 27740 PT.11504
343.00 mp.
HS(D) 27741 PT.11505
275.00 mp.
HS(D) 27742 PT.11506
265.00 mp.
HS(D) 27743 PT.11507
265.00 mp.
HS(D) 27744 PT.11508
265.00 mp.
HS(D) 27745 PT.11509
265.00 mp.
HS(D) 27746 PT.11510
265.00 mp.
HS(D) 27747 PT.11511
265.00 mp.
HS(D) 27748 PT.11512
300.00 mp.
HS(D) 27749 PT.11513
370.00 mp.
HS(D) 27750 PT.11514
482.00 mp.
HS(D) 27751 PT.11515
276.00 mp.
HS(D) 27752 PT.11516
284.00 mp.
HS(D) 27753 PT.11517
297.00 mp.
HS(D) 27754 PT.11518
310.00 mp.
HS(D) 27755 PT.11519
322.00 mp.
HS(D) 27756 PT.11520
335.00 mp.
HS(D) 27757 PT.11521
404.00 mp.
HS(D) 27758 PT.11522
536.00 mp.
HS(D) 27759 PT.11523
627.00 mp.
HS(D) 27760 PT.11524
509.00 mp.
HS(D) 27761 PT.11525
329.00 mp.
HS(D) 27762 PT.11526
316.00 mp.
HS(D) 27763 PT.11527
441.00 mp.
HS(D) 27764 PT.11528
436.00 mp.
HS(D) 27765 PT.11529
504.00 mp.
HS(D) 27838 PT.11602
338.00 mp.
HS(D) 27839 PT.11603
275.00 mp.
HS(D) 27840 PT.11604
260.00 mp.
HS(D) 27841 PT.11605
260.00 mp.
8,139,655
DESCRIPTION OF
AGE OF
BUILT-UP
LAND
NET BOOK VALUE@
TENURE
PROPERTY/
BUILDING
AREAS
AREA
31.12.2007
EXISTING USE
(YEARS)
(M.S.Q)
(ACRES)
(RM)
PEGANGAN
JENIS HARTANAH/
USIA
KELUASAN
KAWASAN
NILAI BUKU BERSIH@
KEGUNAAN SEMASA
BANGUNAN
KAWASAN
TANAH
31.12.2007
(TAHUN)
(MPS)
(EKAR)
(RM)
HS(D) 27842 PT.11606
260.00 mp.
HS(D) 27843 PT.11607
260.00 mp.
HS(D) 27844 PT.11608
260.00 mp.
HS(D) 27845 PT.11609
260.00 mp.
HS(D) 27846 PT.11610
260.00 mp.
HS(D) 27847 PT.11611
260.00 mp.
HS(D) 27848 PT.11612
260.00 mp.
HS(D) 27849 PT.11613
260.00 mp.
HS(D) 27850 PT.11614
260.00 mp.
HS(D) 27851 PT.11615
260.00 mp.
HS(D) 27852 PT.11616
260.00 mp.
HS(D) 27853 PT.11617
260.00 mp.
HS(D) 27854 PT.11618
260.00 mp.
HS(D) 27855 PT.11619
260.00 mp.
HS(D) 27856 PT.11620
260.00 mp.
HS(D) 27857 PT.11621
260.00 mp.
HS(D) 27858 PT.11622
260.00 mp.
HS(D) 27859 PT.11623
260.00 mp.
HS(D) 27860 PT.11624
275.00 mp.
HS(D) 27861 PT.11625
338.00 mp.
HS(D) 27862 PT.11626
502.00 mp.
HS(D) 27863 PT.11627
429.00 mp.
HS(D) 27864 PT.11628
429.00 mp.
HS(D) 27865 PT.11629
591.00 mp.
HS(D) 27866 PT.11630
366.00 mp.
HS(D) 27867 PT.11631
293.00 mp.
HS(D) 27868 PT.11632
293.00 mp.
HS(D) 27869 PT.11633
293.00 mp.
HS(D) 27870 PT.11634
293.00 mp.
HS(D) 27871 PT.11635
454.00 mp.
HS(D) 27872 PT.11636
495.00 mp.
HS(D) 27873 PT.11637
293.00 mp.
HS(D) 27874 PT.11638
293.00 mp.
HS(D) 27875 PT.11639
293.00 mp.
HS(D) 27876 PT.11640
293.00 mp.
HS(D) 27877 PT.11641
293.00 mp.
HS(D) 27878 PT.11642
293.00 mp.
HS(D) 27879 PT.11643
293.00 mp.
HS(D) 27880 PT.11644
293.00 mp.
HS(D) 27881 PT.11645
293.00 mp.
HS(D) 27882 PT.11646
542.00 mp.
HS(D) 27883 PT.11647
300.00 mp.
HS(D) 27884 PT.11648
260.00 mp.
HS(D) 27885 PT.11649
260.00 mp.
HS(D) 27886 PT.11650
290.00 mp.
HS(D) 27887 PT.11651
354.00 mp.
HS(D) 27888 PT.11652
386.00 mp.
HS(D) 27889 PT.11653
322.00 mp.
HS(D) 27890 PT.11654
322.00 mp.
HS(D) 27891 PT.11655
584.00 mp.
HS(D) 27893 PT.11657
TNB
411.00 mp.
177
DESCRIPTION OF
AGE OF
BUILT-UP
LAND
NET BOOK VALUE@
TENURE
PROPERTY/
BUILDING
AREAS
AREA
31.12.2007
EXISTING USE
(YEARS)
(M.S.Q)
(ACRES)
(RM)
PEGANGAN
JENIS HARTANAH/
USIA
KELUASAN
KAWASAN
NILAI BUKU BERSIH@
KEGUNAAN SEMASA
BANGUNAN
KAWASAN
TANAH
31.12.2007
(TAHUN)
(MPS)
(EKAR)
(RM)
24,104.00 mp.
5.96
(Project Ongoing)
HS(D) 27896 PT.11660
Pemb. Kedai Akan Datang
HS(D) 27901 PT.12469
Pemb. Akan Datang F2
313,466.70 mp.
77.46
HS(D) 27902 PT.12470
Pemb. Akan Datang F3a
245,812.8 mp.
60.74
HS(D) 27900 PT.12468
Pemb. Akan Datang F3b
66,260.70 mp.
16.37
178
11
Project Putra Square (Transit Quarters) Leasehold (99 yrs)
(Project Ongoing) PN 5569, Lot 423 Sek.20 (HS(D) 19051) Expiring 19.12.2106
-
-
HS(D)28467 PT.22584
Hotel/Office/ConventionHall
22,584.00 mp.
25.30 HS(D)28468 PT.92050
Shopping Complex
31,564.00 mp.
HS(D)28469 PT.92051
Building / Commercial 11,644.00n mp.
HS(D)28470 PT.92052
Building / Commercial 9,830.00 mp.
HS(D)28471 PT.92053
STP
2,465.00 mp.
HS(D)28472 PT.92054
HS(D)28473 PT.92055
Building / Commercial 192.00 mp.
HS(D)28474 PT.92056
HS(D)28475 PT.92057
HS(D)28476 PT.92058
HS(D)28477 PT.92059
HS(D)28478 PT.92060
HS(D)28479 PT.92061
HS(D)28480 PT.92062
HS(D)28481 PT.92063
HS(D)28482 PT.92064
HS(D)28483 PT.92065
HS(D)28484 PT.92066
HS(D)28485 PT.92067
HS(D)28486 PT.92068
HS(D)28487 PT.92069
TNB
61.00 mp.
HS(D)28488 PT.92070
HS(D)28489 PT.92071
HS(D)28490 PT.92072
HS(D)28491 PT.92073
HS(D)28492 PT.92074
HS(D)28493 PT.92075
HS(D)28494 PT.92076
HS(D)28495 PT.92077
HS(D)28496 PT.92078
HS(D)28497 PT.92079
HS(D)28498 PT.92080
HS(D)28499 PT.92081
HS(D)28500 PT.92082
HS(D)28501 PT.92083
33,289,712
DESCRIPTION OF
AGE OF
BUILT-UP
LAND
NET BOOK VALUE@
TENURE
PROPERTY/
BUILDING
AREAS
AREA
31.12.2007
EXISTING USE
(YEARS)
(M.S.Q)
(ACRES)
(RM)
PEGANGAN
JENIS HARTANAH/
USIA
KELUASAN
KAWASAN
NILAI BUKU BERSIH@
KEGUNAAN SEMASA
BANGUNAN
KAWASAN
TANAH
31.12.2007
(TAHUN)
(MPS)
(EKAR)
(RM)
12
Habour Park’ Gebeng (Industrial Land)
Leasehold (99 yrs)
164.2
10,763,130
Expiring Vacant land / Industry Land title application - PTK 3/3/24313
19.36
9,353,678
Project Astana Golf Resort (Housing/Villas)
HS(M) 28442 / PT.30463 Leasehold (99 yrs)
Vacant land / -
1242.70 mp.
HS(M) 28444 / PT.30465 Expiring 22.05.2092
1101.20 mp.
HS(M) 28451 / PT.30472 1353.50 mp.
HS(M) 28452 / PT.30473 1088.30 mp.
HS(M) 28453 / PT.30474 975.20 mp.
HS(M) 28461 / PT.30482 970.60 mp.
HS(M) 28462 / PT.30483 1275.00 mp.
HS(M) 28464 / PT.30485 1411.60 mp.
HS(M) 28469 / PT.30490 1093.50 mp.
HS(M) 28478 / PT.30499 1301.10 mp.
HS(M) 28481 / PT.30502 1002.00 mp.
HS(M) 28484 / PT.30505 1036.90 mp.
HS(M) 28488 / PT.30509 1077.30 mp.
HS(M) 28489 / PT.30510 1157.60 mp.
HS(M) 28493 / PT.30514 1025.50 mp.
HS(M) 28494 / PT.30515 1014.50 mp.
HS(M) 28500 / PT.30521 932.80 mp.
HS(M) 28503 / PT.30524 1139.40 mp.
HS(M) 28528 / PT.30549 1039.60 mp.
HS(M) 28531 / PT.30552 1229.50 mp.
HS(M) 28550 / PT.30571 1121.30 mp.
HS(M) 28558 / PT.30579 772.90 mp.
HS(M) 28560 / PT.30581 882.90 mp.
HS(M) 28561 / PT.30582 1011.80 mp.
HS(M) 28565 / PT.30586 910.30 mp.
HS(M) 28566 / PT.30587 1226.00 mp.
HS(M) 28567 / PT.30588 1067.60 mp.
HS(M) 28568 / PT.30589 1040.70 mp.
HS(M) 28569 / PT.30590 947.20 mp.
HS(M) 28570 / PT.30591 1082.70 mp.
HS(M) 28571 / PT.30592 1115.40 mp.
HS(M) 28572 / PT.30593 955.70 mp.
HS(M) 28573 / PT.30594 1136.10 mp.
HS(M) 28574 / PT.30595 1216.40 mp.
HS(M) 28577 / PT.30598 1093.70 mp.
HS(M) 28579 / PT.30600 1087.60 mp.
HS(M) 28580 / PT.30601 1204.10 mp.
HS(M) 28583 / PT.30604 1136.40 mp.
HS(M) 28680 / PT.30701 1458.10 mp.
HS(M) 28313 / PT.30334 1110.60 mp.
HS(M) 28314 / PT.30335 803.70 mp.
HS(M) 28315 / PT.30336 804.90 mp.
HS(M) 28316 / PT.30337 850.60 mp.
HS(M) 28317 / PT.30338 802.30 mp.
HS(M) 28318 / PT.30339 802.30 mp.
HS(M) 28319 / PT.30340 885.50 mp.
HS(M) 28320 / PT.30341 811.10 mp.
179
13
180
DESCRIPTION OF
AGE OF
BUILT-UP
LAND
NET BOOK VALUE@
TENURE
PROPERTY/
BUILDING
AREAS
AREA
31.12.2007
EXISTING USE
(YEARS)
(M.S.Q)
(ACRES)
(RM)
PEGANGAN
JENIS HARTANAH/
USIA
KELUASAN
KAWASAN
NILAI BUKU BERSIH@
KEGUNAAN SEMASA
BANGUNAN
KAWASAN
TANAH
31.12.2007
(TAHUN)
(MPS)
(EKAR)
(RM)
HS(M) 28321 / PT.30342 811.10 mp.
HS(M) 28322 / PT.30343 1180.00 mp.
HS(M) 28328 / PT.30349 836.40 mp.
HS(M) 28346 / PT.30367 928.20 mp.
HS(M) 28347 / PT.30368 807.20 mp.
HS(M) 28348 / PT.30369 800.90 mp.
HS(M) 28349 / PT.30370 802.40 mp.
HS(M) 28350 / PT.30371 1022.70 mp.
HS(M) 28351 / PT.30372 1037.80 mp.
HS(M) 28352 / PT.30373 1127.00 mp.
HS(M) 28353 / PT.30374 949.7 0mp.
HS(M) 28354 / PT.30375 857.40 mp.
HS(M) 28355 / PT.30376 1053.30 mp.
HS(M) 28371 / PT.30392 1275.60 mp.
HS(M) 28415 / PT.30436 1125.20 mp.
HS(M) 28421 / PT.30442 1000.00 mp.
HS(M) 28422 / PT.30443 1114.60 mp.
HS(M) 28424 / PT.30445 1095.70 mp.
HS(M) 28425 / PT.30446 1125.10 mp.
HS(M) 28426 / PT.30447 1283.60 mp.
HS(M) 28428 / PT.30449 1098.00 mp.
HS(M) 28431 / PT.30452 Leasehold (99 yrs)
HS(M) 28432 / PT.30453 Expiring 22.05.2092
915.40 mp.
HS(M) 28434 / PT.30455 1299.90 mp.
HS(M) 28435 / PT.30456 1045.40 mp.
HS(M) 28436 / PT.30457 1004.20 mp.
HS(M) 28437 / PT.30458 997.90 mp.
HS(M) 28441 / PT.30462 1046.20 mp.
HS(M) 28692 / PT.30731
Commercial (Hotel)
4.93 HS(M) 28693 / PT.30733
Maintenance Centre
2.51 Mukim Kuala Kuantan, Daerah Kuantan
58.93 4,985,399
-
14
Project Pasdec Villa ( Bukit Perdana )
Leasehold (99 yrs)
Vacant land /
HS(D) 24965 [PN 7220 Lot 105661]
Expiring 02.01.2104
15
Project Mahkota Idaman (Sektor III ) Leasehold (99 yrs)
2 years
-
HS(M) 44389 / PT.55557
Expiring 24.05.2097
233.00 mp. 0.33 HS(M) 44394 / PT.55562
233.00 mp. HS(M) 44404 / PT.55572
165.00 mp. HS(M) 44405 / PT.55573
143.00 mp. HS(M) 44406 / PT.55574
143.00 mp. HS(M) 44407 / PT.55575
143.00 mp. HS(M) 44408 / PT.55576
143.00 mp. HS(M) 44409 / PT.55577
143.00 mp. Mukim Kuala Kuantan, Daerah Kuantan
10,582.00 mp. 2.61 16
Project Mahkota Perdana III (Sektor III )
(Project Ongoing)
HS(D) 24695 / PT.78434
Leasehold (99 yrs)
Vacant land /
Expiring 29.04.2102
-
DESCRIPTION OF
AGE OF
BUILT-UP
LAND
NET BOOK VALUE@
TENURE
PROPERTY/
BUILDING
AREAS
AREA
31.12.2007
EXISTING USE
(YEARS)
(M.S.Q)
(ACRES)
(RM)
PEGANGAN
JENIS HARTANAH/
USIA
KELUASAN
KAWASAN
NILAI BUKU BERSIH@
KEGUNAAN SEMASA
BANGUNAN
KAWASAN
TANAH
31.12.2007
(TAHUN)
(MPS)
(EKAR)
(RM)
17
Project Balok Permai ( Fasa 1 )
Leasehold (99 yrs)
(Project Ongoing)
13,592,018
HS(M) 8128 / PT 10454 Expiring 02/08/2103
133.00 mp. 2.78 Building / Residential
HS(M) 8152 / PT 10478
93.00 mp. HS(M) 8231 / PT 10557
93.00 mp. HS(M) 8236 / PT 10562
93.00 mp. HS(M) 8253 / PT 10579
93.00 mp. HS(M) 8254 / PT 10580
93.00 mp. HS(M) 8255 / PT 10581
93.00 mp. HS(M) 8256 / PT 10582
93.00 mp. HS(M) 8257 / PT 10583
93.00 mp. HS(M) 8258 / PT 10584
93.00 mp. HS(M) 8259 / PT 10585
93.00 mp. HS(M) 8260 / PT 10586
93.00 mp. HS(M) 8261 / PT 10587
93.00 mp. HS(M) 8262 / PT 10588
93.00 mp. HS(M) 8263 / PT 10589
93.00 mp. HS(M) 8264 / PT 10590
93.00 mp. HS(M) 8265 / PT 10591
116.00 mp. HS(M) 8266 / PT 10592
116.00 mp. HS(M) 8267 / PT 10593
93.00 mp. HS(M) 8268 / PT 10594
93.00 mp. HS(M) 8269 / PT 10595
93.00 mp. HS(M) 8270 / PT 10596
93.00 mp. HS(M) 8271 / PT 10597
93.00 mp. HS(M) 8272 / PT 10598
93.00 mp. HS(M) 8273 / PT 10599
93.00 mp. HS(M) 8274 / PT 10600
93.00 mp. HS(M) 8275 / PT 10601
93.00 mp. HS(M) 8276 / PT 10602
93.00 mp. HS(M) 8277 / PT 10603
93.00 mp. HS(M) 8278 / PT 10604
93.00 mp. HS(M) 8279 / PT 10605
93.00 mp. HS(M) 8280 / PT 10606 (Fasa 1)
210.00 mp. HS(M) 8396 / PT 10722 (Fasa 1)
392.00 mp. HS(M) 8398 / PT 10724
268.00 mp. HS(M) 8399 / PT 10725
268.00 mp. HS(M) 8400 / PT 10726
268.00 mp. HS(M) 8401 / PT 10727
269.00 mp. HS(M) 8402 / PT 10728
293.00 mp. HS(M) 8405 / PT 10731
317.00 mp. HS(M) 8406 / PT 10732
317.00 mp. HS(M) 8407 / PT 10733
317.00 mp. HS(M) 8408 / PT 10734
317.00 mp. HS(M) 8409 / PT 10735
317.00 mp. HS(M) 8410 / PT 10736
317.00 mp. HS(M) 8414 / PT 10740
317.00 mp. HS(M) 8416 / PT 10742
317.00 mp. HS(M) 8423 / PT 10749 (Fasa 1)
307.00 mp. HS(M) 8424 / PT 10750
305.00 mp. HS(M) 8425 / PT 10751
309.00 mp. HS(M) 8426 / PT 10752
354.00 mp. 181
DESCRIPTION OF
AGE OF
BUILT-UP
LAND
NET BOOK VALUE@
TENURE
PROPERTY/
BUILDING
AREAS
AREA
31.12.2007
EXISTING USE
(YEARS)
(M.S.Q)
(ACRES)
(RM)
PEGANGAN
JENIS HARTANAH/
USIA
KELUASAN
KAWASAN
NILAI BUKU BERSIH@
KEGUNAAN SEMASA
BANGUNAN
KAWASAN
TANAH
31.12.2007
(TAHUN)
(MPS)
(EKAR)
(RM)
HS(M) 8427 / PT 10753
350.00 mp. HS(M) 8428 / PT 10754
355.00 mp. HS(M) 8433 / PT 10759
333.00 mp. HS(M) 8434 / PT 10760
326.00 mp. HS(M) 8435 / PT 10761
327.00 mp. HS(M) 8438 / PT 10764
314.00 mp.
HS(M) 8443 / PT 10769 (Fasa 1)
484.00 mp. Mukim Sg. Karang, Daerah Kuantan
182
18
Project Balok Permai ( Fasa 2 )
(Project Ongoing)
HS(M) 8158 / PT 10484 Leasehold (99 yrs)
Vacant land /
206.00 mp. HS(M) 8159 / PT 10485
Expiring 02/08/2103
93.00 mp. HS(M) 8160 / PT 10486
93.00 mp. HS(M) 8161 / PT 10487
93.00 mp. HS(M) 8162 / PT 10488
93.00 mp. HS(M) 8163 / PT 10489
93.00 mp. HS(M) 8164 / PT 10490
93.00 mp. HS(M) 8165 / PT 10491
93.00 mp. HS(M) 8166 / PT 10492
93.00 mp. HS(M) 8167 / PT 10493
93.00 mp. HS(M) 8168 / PT 10494
93.00 mp. HS(M) 8169 / PT 10495
93.00 mp. HS(M) 8170 / PT 10496
93.00 mp. HS(M) 8171 / PT 10497
152.00 mp. HS(M) 8172 / PT 10498
152.00 mp. HS(M) 8173 / PT 10499
93.00 mp. HS(M) 8174 / PT 10500
93.00 mp. HS(M) 8175 / PT 10501
93.00 mp. HS(M) 8176 / PT 10502
93.00 mp. HS(M) 8177 / PT 10503
93.00 mp. HS(M) 8178 / PT 10504
93.00 mp. HS(M) 8179 / PT 10505
93.00 mp. HS(M) 8180 / PT 10506
93.00 mp. HS(M) 8181 / PT 10507
93.00 mp. HS(M) 8182 / PT 10508
93.00 mp. HS(M) 8183 / PT 10509
93.00 mp. HS(M) 8184 / PT 10510
212.00 mp. HS(M) 8185 / PT 10511
193.00 mp. HS(M) 8186 / PT 10512
93.00 mp. HS(M) 8187 / PT 10513
93.00 mp. HS(M) 8188 / PT 10514
93.00 mp. HS(M) 8189 / PT 10515
93.00 mp. HS(M) 8190 / PT 10516
93.00 mp. HS(M) 8191 / PT 10517
93.00 mp. HS(M) 8192 / PT 10518
93.00 mp. HS(M) 8193 / PT 10519
93.00 mp. HS(M) 8194 / PT 10520
93.00 mp. HS(M) 8195 / PT 10521
93.00 mp. HS(M) 8196 / PT 10522
152.00 mp. HS(M) 8197 / PT 10523
152.00 mp. HS(M) 8198 / PT 10524
93.00 mp. HS(M) 8199 / PT 10525
93.00 mp. 6.04 7,271,682
DESCRIPTION OF
AGE OF
BUILT-UP
LAND
NET BOOK VALUE@
TENURE
PROPERTY/
BUILDING
AREAS
AREA
31.12.2007
EXISTING USE
(YEARS)
(M.S.Q)
(ACRES)
(RM)
PEGANGAN
JENIS HARTANAH/
USIA
KELUASAN
KAWASAN
NILAI BUKU BERSIH@
KEGUNAAN SEMASA
BANGUNAN
KAWASAN
TANAH
31.12.2007
(TAHUN)
(MPS)
(EKAR)
(RM)
HS(M) 8200 / PT 10526
93.00 mp. HS(M) 8201 / PT 10527
93.00 mp. HS(M) 8202 / PT 10528
93.00 mp. HS(M) 8203 / PT 10529
93.00 mp. HS(M) 8204 / PT 10530
93.00 mp. HS(M) 8205 / PT 10531
93.00 mp. HS(M) 8206 / PT 10532
93.00 mp. HS(M) 8207 / PT 10533
199.00 mp. HS(M) 8208 / PT 10534
209.00 mp. HS(M) 8209 / PT 10535
93.00 mp. HS(M) 8210 / PT 10536
93.00 mp. HS(M) 8211 / PT 10537
93.00 mp. HS(M) 8212 / PT 10538
93.00 mp. HS(M) 8213 / PT 10539
93.00 mp. HS(M) 8214 / PT 10540 (Fasa 2)
93.00 mp. HS(M) 8215 / PT 10541 (Fasa 2)
93.00 mp. HS(M) 8216 / PT 10542
93.00 mp. HS(M) 8217 / PT 10543
93.00 mp. HS(M) 8218 / PT 10544 (Fasa 2)
152.00 mp. HS(M) 8281 / PT 10607 (Fasa 2)
255.00 mp. HS(M) 8282 / PT 10608
145.00 mp. HS(M) 8283 / PT 10609
133.00 mp. HS(M) 8284 / PT 10610
133.00 mp. HS(M) 8285 / PT 10611
133.00 mp. HS(M) 8286 / PT 10612
133.00 mp. HS(M) 8287 / PT 10613
133.00 mp. HS(M) 8288 / PT 10614
133.00 mp. HS(M) 8289 / PT 10615
133.00 mp. HS(M) 8290 / PT 10616
133.00 mp. HS(M) 8291 / PT 10617
133.00 mp. HS(M) 8292 / PT 10618
133.00 mp. HS(M) 8293 / PT 10619
145.00 mp. HS(M) 8294 / PT 10620
181.00 mp. HS(M) 8295 / PT 10621
181.00 mp. HS(M) 8296 / PT 10622
145.00 mp. HS(M) 8297 / PT 10623
133.00 mp. HS(M) 8298 / PT 10624
133.00 mp. HS(M) 8299 / PT 10625
133.00 mp. HS(M) 8300 / PT 10626
133.00 mp. HS(M) 8301 / PT 10627
133.00 mp. HS(M) 8302 / PT 10628
133.00 mp. HS(M) 8303 / PT 10629
133.00 mp. HS(M) 8304 / PT 10630
133.00 mp. HS(M) 8305 / PT 10631
133.00 mp. HS(M) 8306 / PT 10632
133.00 mp. HS(M) 8307 / PT 10633
145.00 mp. HS(M) 8308 / PT 10634
255.00 mp. HS(M) 8309 / PT 10635
255.00 mp. HS(M) 8310 / PT 10636
145.00 mp. HS(M) 8311 / PT 10637
133.00 mp. HS(M) 8312 / PT 10638
133.00 mp. HS(M) 8313 / PT 10639
133.00 mp. 183
184
DESCRIPTION OF
AGE OF
BUILT-UP
LAND
NET BOOK VALUE@
TENURE
PROPERTY/
BUILDING
AREAS
AREA
31.12.2007
EXISTING USE
(YEARS)
(M.S.Q)
(ACRES)
(RM)
PEGANGAN
JENIS HARTANAH/
USIA
KELUASAN
KAWASAN
NILAI BUKU BERSIH@
KEGUNAAN SEMASA
BANGUNAN
KAWASAN
TANAH
31.12.2007
(TAHUN)
(MPS)
(EKAR)
(RM)
HS(M) 8314 / PT 10640
133.00 mp. HS(M) 8315 / PT 10641
133.00 mp. HS(M) 8316 / PT 10642
133.00 mp. HS(M) 8317 / PT 10643
133.00 mp. HS(M) 8318 / PT 10644 (Fasa 2)
133.00 mp. HS(M) 8319 / PT 10645 (Fasa 2)
133.00 mp. HS(M) 8320 / PT 10646
133.00 mp. HS(M) 8321 / PT 10647
145.00 mp. HS(M) 8322 / PT 10648
181.00 mp. HS(M) 8323 / PT 10649
181.00 mp. HS(M) 8324 / PT 10650
145.00 mp. HS(M) 8325 / PT 10651
133.00 mp. HS(M) 8326 / PT 10652
133.00 mp. HS(M) 8327 / PT 10653
133.00 mp. HS(M) 8328 / PT 10654
133.00 mp. HS(M) 8329 / PT 10655
133.00 mp. HS(M) 8330 / PT 10656
133.00 mp. HS(M) 8331 / PT 10657
133.00 mp. HS(M) 8332 / PT 10658
133.00 mp. HS(M) 8333 / PT 10659
133.00 mp. HS(M) 8334 / PT 10660
133.00 mp. HS(M) 8335 / PT 10661
145.00 mp. HS(M) 8336 / PT 10662
255.00 mp. HS(M) 8337 / PT 10663
313.00 mp. HS(M) 8338 / PT 10664
145.00 mp. HS(M) 8339 / PT 10665
133.00 mp. HS(M) 8340 / PT 10666
133.00 mp. HS(M) 8341 / PT 10667
133.00 mp. HS(M) 8342 / PT 10668
133.00 mp. HS(M) 8343 / PT 10669
133.00 mp. HS(M) 8344 / PT 10670
133.00 mp. HS(M) 8345 / PT 10671
133.00 mp. HS(M) 8346 / PT 10672
145.00 mp. HS(M) 8347 / PT 10673
327.00 mp. HS(M) 8348 / PT 10674
301.00 mp. HS(M) 8349 / PT 10675
145.00 mp. HS(M) 8350 / PT 10676
133.00 mp. HS(M) 8351 / PT 10677
133.00 mp. HS(M) 8352 / PT 10678
133.00 mp. HS(M) 8353 / PT 10679
133.00 mp. HS(M) 8354 / PT 10680
133.00 mp. HS(M) 8355 / PT 10681
133.00 mp. HS(M) 8356 / PT 10682
133.00 mp. HS(M) 8357 / PT 10683
133.00 mp. HS(M) 8358 / PT 10684
145.00 mp. HS(M) 8359 / PT 10685
287.00 mp. HS(M) 8360 / PT 10686
310.00 mp. HS(M) 8361 / PT 10687
145.00 mp. HS(M) 8362 / PT 10688
133.00 mp. HS(M) 8363 / PT 10689
133.00 mp. HS(M) 8364 / PT 10690
133.00 mp. HS(M) 8365 / PT 10691
133.00 mp. LIST OF PROPERTIES As at 31 December 2007
DESCRIPTION OF
AGE OF
BUILT-UP
LAND
NET BOOK VALUE@
TENURE
PROPERTY/
BUILDING
AREAS
AREA
31.12.2007
EXISTING USE
(YEARS)
(M.S.Q)
(ACRES)
(RM)
PEGANGAN
JENIS HARTANAH/
USIA
KELUASAN
KAWASAN
NILAI BUKU BERSIH@
KEGUNAAN SEMASA
BANGUNAN
KAWASAN
TANAH
31.12.2007
(TAHUN)
(MPS)
(EKAR)
(RM)
HS(M) 8366 / PT 10692
133.00 mp. HS(M) 8367 / PT 10693
133.00 mp. HS(M) 8368 / PT 10694
133.00 mp. HS(M) 8369 / PT 10695
133.00 mp. HS(M) 8370 / PT 10696
145.00 mp. HS(M) 8371 / PT 10697
313.00 mp. HS(M) 8372 / PT 10698
307.00 mp. HS(M) 8373 / PT 10699
145.00 mp. HS(M) 8374 / PT 10700
133.00 mp. HS(M) 8375 / PT 10701
133.00 mp. HS(M) 8376 / PT 10702
133.00 mp. HS(M) 8377 / PT 10703
133.00 mp. HS(M) 8378 / PT 10704
133.00 mp. HS(M) 8379 / PT 10705
133.00 mp. HS(M) 8380 / PT 10706
133.00 mp. HS(M) 8381 / PT 10707
133.00 mp. HS(M) 8382 / PT 10708
145.00 mp. HS(M) 8383 / PT 10709
310.00 mp. HS(M) 8384 / PT 10710
303.00 mp. HS(M) 8385 / PT 10711
145.00 mp. HS(M) 8386 / PT 10712
133.00 mp. HS(M) 8387 / PT 10713
133.00 mp. HS(M) 8388 / PT 10714
133.00 mp. HS(M) 8389 / PT 10715
133.00 mp. HS(M) 8390 / PT 10716
133.00 mp. HS(M) 8391 / PT 10717
133.00 mp. HS(M) 8392 / PT 10718
133.00 mp. HS(M) 8393 / PT 10719
133.00 mp. HS(M) 8394 / PT 10720
145.00 mp. HS(M) 8395 / PT 10721 (Fasa 2)
305.00 mp. Mukim Sg. Karang, Daerah Kuantan
19
Apartment Medan Warisan
HS(D) 13234 / PT.41392 13552.52mp.
Leasehold (99 yrs)
4-storey Apartment
Expiring 12.04.2086
(Master Title)
HS(D) 13235 / PT.41393 13621.08mp.
(Master Title)
Bandar Kuantan
Lot G3 Block G
12 years
80.99 mp. Lot G6 Block B
92.53 mp. Lot 106 Block B
82.31 mp. 0.26 1,600,544
185
DESCRIPTION OF
AGE OF
BUILT-UP
LAND
NET BOOK VALUE@
TENURE
PROPERTY/
BUILDING
AREAS
AREA
31.12.2007
EXISTING USE
(YEARS)
(M.S.Q)
(ACRES)
(RM)
PEGANGAN
JENIS HARTANAH/
USIA
KELUASAN
KAWASAN
NILAI BUKU BERSIH@
KEGUNAAN SEMASA
BANGUNAN
KAWASAN
TANAH
31.12.2007
(TAHUN)
(MPS)
(EKAR)
(RM)
20
Project Pasdec Pesona - PN 7736 Lot 108560 Leasehold (99 yrs)
Vacant land /
Expiring 18.04.2105
21
Kompleks Teruntum Leasehold (99 yrs)
22-storey
Lot 2.20-2.23
Expiring 08.06.2075
PN. 398 Lot 146 Sek.18 (Master title)
Bandar Kuantan
(PASDEC Bina Sdn. Bhd.)
22
Brick Factory (PN. 472 / Lot 27892)
Leasehold (60 yrs)
Industry /
Mukim Kuala Kuantan
Expiring 10.05.2046
Brick Factory
Daerah Kuantan
(Kuantan Brick Sdn. Bhd.)
23
Resort Leasehold (99 yrs)
Apartment / Hotel
[HS(D) 10793 / PT.29819 (PN4075 / Lot 9)]
Expiring 12.12.2092
(Kuantan Tembeling Resorts Sdn. Bhd.)
19.48 451,353
22 years
0.03 0.03
157,965
14 years
1.26 20.10 83,898
11 years
13.21 8,410,032
181.50 Ha.
448.305
37,429,908
41.17
18,336,800
5.93 1,879,983
282,822
(Project Ongoing)
24
Project Bandar Putra
Freehold
Vacant land /
Agriculture
Geran 5294 Lot 28735
(Partly converted to Building)
(PASDEC Putra Sdn. Bhd.)
186
25
Project Bandar Damansara
Freehold
Building/ Residential Kuantan
HS(D) 18375/ PT.6945 and 474 others
Mukim Sg. karang, Daerah Kuantan
26
Project Kuantan Piazza
Leasehold (99 yrs)
Vacant land
HS(M) 65652 / PT.83065 Expiring 17.04.2106
(PASDEC Land Sdn. Bhd.)
PEKAN
27
Shophouses Bandar Baru Peramu (7 lots )
Leasehold (99 yrs)
(Properties/Unsold)
7 years
0.22 HS(M) 3733 / PT. 6738
Expiring 11.04.2093
130.00 mp. HS(M) 3736 / PT. 6741 130.00 mp. HS(M) 3737 / PT. 6742 130.00 mp. HS(M) 3738 / PT. 6743 130.00 mp. HS(M) 3739 / PT. 6744 130.00 mp. HS(M) 3740 / PT. 6755 130.00 mp. HS(M) 3741 / PT. 6756 130.00 mp. Mukim Pekan, Daerah Pekan
DESCRIPTION OF
AGE OF
BUILT-UP
LAND
NET BOOK VALUE@
TENURE
PROPERTY/
BUILDING
AREAS
AREA
31.12.2007
EXISTING USE
(YEARS)
(M.S.Q)
(ACRES)
(RM)
PEGANGAN
JENIS HARTANAH/
USIA
KELUASAN
KAWASAN
NILAI BUKU BERSIH@
KEGUNAAN SEMASA
BANGUNAN
KAWASAN
TANAH
31.12.2007
(TAHUN)
(MPS)
(EKAR)
(RM)
119,295
28
Project Pusat Komersil Peramu
PN 2554 Lot 5195 (Master Title)
Leasehold (99 yrs)
Vacant land /
-
-
Mukim Pekan, Daerah Pekan
Expiring 28.09.2093
6.41 HS(D) 4389 PT.12186 Building / Shop/Office
193.00 mp. HS(D) 4390 PT.12187 Building / Shop/Office
130.00 mp. HS(D) 4391 PT.12188
Building / Shop/Office
130.00 mp. HS(D) 4392 PT.12189
130.00 mp. HS(D) 4393 PT.12190
130.00 mp. HS(D) 4408 PT.12205
130.00 mp. HS(D) 4409 PT.12206
130.00 mp. HS(D) 4410 PT.12207
130.00 mp. HS(D) 4411 PT.12208
130.00 mp. HS(D) 4412 PT.12209
130.00 mp. HS(D) 4413 PT.12210
130.00 mp. HS(D) 4414 PT.12211
130.00 mp. HS(D) 4415 PT.12212
130.00 mp. HS(D) 4416 PT.12213
130.00 mp. HS(D) 4417 PT.12214
193.00 mp. HS(D) 4418 PT.12215
210.00 mp. HS(D) 4419 PT.12216
135.00 mp. HS(D) 4420 PT.12217
135.00 mp. HS(D) 4421 PT.12218
135.00 mp. HS(D) 4422 PT.12219
135.00 mp. HS(D) 4423 PT.12220
135.00 mp. HS(D) 4424 PT.12221
135.00 mp. HS(D) 4425 PT.12222
135.00 mp. HS(D) 4426 PT.12223
135.00 mp. HS(D) 4427 PT.12224
135.00 mp. HS(D) 4428 PT.12225
135.00 mp. HS(D) 4429 PT.12226
210.00 mp. HS(D) 4430 PT.12227
204.00 mp. HS(D) 4431 PT.12228
135.00 mp. HS(D) 4432 PT.12229
135.00 mp. HS(D) 4433 PT.12230
135.00 mp. HS(D) 4434 PT.12231
135.00 mp. HS(D) 4435 PT.12232
204.00 mp. HS(D) 4436 PT.12233
135.00 mp. HS(D) 4437 PT.12234
135.00 mp. 187
DESCRIPTION OF
AGE OF
BUILT-UP
LAND
NET BOOK VALUE@
TENURE
PROPERTY/
BUILDING
AREAS
AREA
31.12.2007
EXISTING USE
(YEARS)
(M.S.Q)
(ACRES)
(RM)
PEGANGAN
JENIS HARTANAH/
USIA
KELUASAN
KAWASAN
NILAI BUKU BERSIH@
KEGUNAAN SEMASA
BANGUNAN
KAWASAN
TANAH
31.12.2007
(TAHUN)
(MPS)
(EKAR)
(RM)
HS(D) 4438 PT.12235
135.00 mp. HS(D) 4439 PT.12236
135.00 mp. HS(D) 4440 PT.12237
135.00 mp. HS(D) 4441 PT.12238
135.00 mp. HS(D) 4442 PT.12239
135.00 mp. HS(D) 4443 PT.12240
135.00 mp. HS(D) 4444 PT.12241
241.00 mp. HS(D) 4445 PT.12242
62.00 mp. HS(D) 4446 PT.12243
59.00 mp. HS(D) 4447 PT.12244
59.00 mp. HS(D) 4448 PT.12245
59.00 mp. HS(D) 4449 PT.12246
59.00 mp. HS(D) 4450 PT.12247
59.00 mp. HS(D) 4451 PT.12248
59.00 mp. HS(D) 4452 PT.12249
59.00 mp. HS(D) 4453 PT.12250
59.00 mp. HS(D) 4454 PT.12251
59.00 mp. HS(D) 4455 PT.12252
59.00 mp. HS(D) 4456 PT.12253
59.00 mp. HS(D) 4457 PT.12254
59.00 mp. HS(D) 4458 PT.12255
59.00 mp. HS(D) 4459 PT.12256
59.00 mp. HS(D) 4460 PT.12257
59.00 mp. HS(D) 4461 PT.12258
59.00 mp. HS(D) 4462 PT.12259
59.00 mp. HS(D) 4463 PT.12260
74.00 mp. HS(D) 4464 PT.12261
Pedestrian Mall
1,033.00 mp. HS(D) 4465 PT.12262
Commercial Center
13,361.00 mp. HS(D) 4466 PT.12263
SRP
1,640.00 mp. HS(D) 4467 PT.12264
Water Tank
682.00 mp. Mukim Pekan, Daerah Pekan
-
-
391.36 468.93 4.65 ROMPIN
188
29
Agriculture land at Summerset Rompin
HS(D) 3329 / PT.2545 Leasehold (99 yrs)
Vacant land /
HS(D) 3330 / PT.2546
Expiring 15.01.2094
Agriculture
Mukim Rompin, Daerah Rompin
(Kg. Sembayan)
157,961
30
Project Pontian Permai
(Project Ongoing)
HS(M) 2004 / PT. 2392
Freehold
Vacant land /
334.00 mp HS(M) 2005 / PT. 2393
288.00 mp HS(M) 2006 / PT. 2394 301.00 mp HS(M) 2007 / PT. 2395 313.00 mp HS(M) 2008 / PT. 2396 326.00 mp HS(M) 2009 / PT. 2397
335.00 mp HS(M) 2010 / PT. 2398
340.00 mp HS(M) 2011 / PT. 2399
383.00 mp HS(M) 2012 / PT. 2400
288.00 mp HS(M) 2013 / PT. 2401
265.00 mp HS(M) 2014 / PT. 2402
265.00 mp HS(M) 2015 / PT. 2403
265.00 mp 5,969,692
DESCRIPTION OF
AGE OF
BUILT-UP
LAND
NET BOOK VALUE@
TENURE
PROPERTY/
BUILDING
AREAS
AREA
31.12.2007
EXISTING USE
(YEARS)
(M.S.Q)
(ACRES)
(RM)
PEGANGAN
JENIS HARTANAH/
USIA
KELUASAN
KAWASAN
NILAI BUKU BERSIH@
KEGUNAAN SEMASA
BANGUNAN
KAWASAN
TANAH
31.12.2007
(TAHUN)
(MPS)
(EKAR)
(RM)
HS(M) 2016 / PT. 2404
265.00 mp HS(M) 2017 / PT. 2405
265.00 mp HS(M) 2018 / PT. 2406
265.00 mp HS(M) 2019 / PT. 2407
324.00 mp HS(M) 2020 / PT. 2408 324.00 mp HS(M) 2021 / PT. 2409 265.00 mp HS(M) 2022 / PT. 2410
265.00 mp HS(M) 2023 / PT. 2411
265.00 mp HS(M) 2024 / PT. 2412
265.00 mp HS(M) 2025 / PT. 2413
265.00 mp HS(M) 2026 / PT. 2414
401.00 mp HS(M) 2027 / PT. 2415
401.00 mp HS(M) 2028 / PT. 2416
265.00 mp HS(M) 2029 / PT. 2417
265.00 mp HS(M) 2030 / PT. 2418
265.00 mp HS(M) 2031 / PT. 2419
265.00 mp HS(M) 2032 / PT. 2420
265.00 mp HS(M) 2033 / PT. 2421
324.00 mp HS(M) 2034 / PT. 2422
324.00 mp HS(M) 2035 / PT. 2423
265.00 mp HS(M) 2036 / PT. 2424
265.00 mp HS(M) 2037 / PT. 2425
265.00 mp HS(M) 2038 / PT. 2426
265.00 mp HS(M) 2039 / PT. 2427
265.00 mp HS(M) 2040 / PT. 2428
265.00 mp HS(M) 2041 / PT. 2429
284.00 mp HS(M) 2042 / PT. 2430
284.00 mp HS(M) 2043 / PT. 2431
265.00 mp HS(M) 2044 / PT. 2432
265.00 mp HS(M) 2045 / PT. 2433
265.00 mp HS(M) 2046 / PT. 2434
265.00 mp HS(M) 2047 / PT. 2435
265.00 mp HS(M) 2048 / PT. 2436
265.00 mp HS(M) 2049 / PT. 2437
324.00 mp HS(M) 2050 / PT. 2438
189.00 mp HS(M) 2051 / PT. 2439
93.00 mp HS(M) 2052 / PT. 2440
93.00 mp HS(M) 2053 / PT. 2441
93.00 mp HS(M) 2054 / PT. 2442
93.00 mp HS(M) 2055 / PT. 2443
93.00 mp HS(M) 2056 / PT. 2444
93.00 mp HS(M) 2057 / PT. 2445
93.00 mp HS(M) 2058 / PT. 2446
93.00 mp HS(M) 2059 / PT. 2447
93.00 mp HS(M) 2060 / PT. 2448
93.00 mp HS(M) 2061 / PT. 2449
93.00 mp HS(M) 2062 / PT. 2450
156.00 mp HS(M) 2063 / PT. 2451
156.00 mp HS(M) 2064 / PT. 2452
93.00 mp HS(M) 2065 / PT. 2453
93.00 mp HS(M) 2066 / PT. 2454
93.00 mp HS(M) 2067 / PT. 2455
93.00 mp 189
190
DESCRIPTION OF
AGE OF
BUILT-UP
LAND
NET BOOK VALUE@
TENURE
PROPERTY/
BUILDING
AREAS
AREA
31.12.2007
EXISTING USE
(YEARS)
(M.S.Q)
(ACRES)
(RM)
PEGANGAN
JENIS HARTANAH/
USIA
KELUASAN
KAWASAN
NILAI BUKU BERSIH@
KEGUNAAN SEMASA
BANGUNAN
KAWASAN
TANAH
31.12.2007
(TAHUN)
(MPS)
(EKAR)
(RM)
HS(M) 2068 / PT. 2456
93.00 mp HS(M) 2069 / PT. 2457
93.00 mp HS(M) 2070 / PT. 2458
93.00 mp HS(M) 2071 / PT. 2459
93.00 mp HS(M) 2072 / PT. 2460
93.00 mp HS(M) 2073 / PT. 2461
93.00 mp HS(M) 2074 / PT. 2462
93.00 mp HS(M) 2075 / PT. 2463
189.00 mp HS(M) 2076 / PT. 2464
189.00 mp HS(M) 2077 / PT. 2465
93.00 mp HS(M) 2078 / PT. 2466
93.00 mp HS(M) 2079 / PT. 2467
93.00 mp HS(M) 2080 / PT. 2468
93.00 mp HS(M) 2081 / PT. 2469
93.00 mp HS(M) 2082 / PT. 2470
93.00 mp HS(M) 2083 / PT. 2471
93.00 mp HS(M) 2084 / PT. 2472
93.00 mp HS(M) 2085 / PT. 2473
93.00 mp HS(M) 2086 / PT. 2474
93.00 mp HS(M) 2087 / PT. 2475
93.00 mp HS(M) 2088 / PT. 2476
156.00 mp HS(M) 2089 / PT. 2477
156.00 mp HS(M) 2090 / PT. 2478
93.00 mp HS(M) 2091 / PT. 2479
93.00 mp HS(M) 2092 / PT. 2480
93.00 mp HS(M) 2093 / PT. 2481
93.00 mp HS(M) 2094 / PT. 2482
93.00 mp HS(M) 2095 / PT. 2483
93.00 mp HS(M) 2096 / PT. 2484
93.00 mp HS(M) 2097 / PT. 2485
93.00 mp HS(M) 2098 / PT. 2486
93.00 mp HS(M) 2099 / PT. 2487
93.00 mp HS(M) 2100 / PT. 2488
93.00 mp HS(M) 2101 / PT. 2489
188.00 mp Mukim Pontian, Daerah Rompin
-
MARAN
31
Quarry Land Kg. Kuala Sentul
Leasehold (21 yrs)
Vacant land /
-
HS(D) 605 / PT.8139
Expiring 14.08.2015
Industries (Quarry)
Mukim Chenor, Daerah Maran
17.17 82,928
1,171,254
TEMERLUH
32
Pusat Komersil Temerluh (7 lots)
Leasehold (99 yrs )
3 years
HS(D) 15379 PT.8124
Expiring 01.04.2095
201.00 mp. 0.19 HS(D) 15385 PT. 8130
178.00 mp. HS(D) 15386 PT.8131
178.00 mp. HS(D) 15397 PT.8142
201.00 mp. Mukim Perak, Daerah Temerluh
DESCRIPTION OF
AGE OF
BUILT-UP
LAND
NET BOOK VALUE@
TENURE
PROPERTY/
BUILDING
AREAS
AREA
31.12.2007
EXISTING USE
(YEARS)
(M.S.Q)
(ACRES)
(RM)
PEGANGAN
JENIS HARTANAH/
USIA
KELUASAN
KAWASAN
NILAI BUKU BERSIH@
KEGUNAAN SEMASA
BANGUNAN
KAWASAN
TANAH
31.12.2007
(TAHUN)
(MPS)
(EKAR)
(RM)
33
Pusat Komersil Temerluh (Properties/Land bank)
HS(D) 15465 PT.8384
Leasehold (99 yrs )
Mukim Perak, Daerah Temerluh
Expiring 01.04.2095
(PASDEC Mega Sdn. Bhd.)
(Project Ongoing)
34
Geran 3617 / Lot 3770
Freehold
Vacant land /
Mukim Mentakab, Daerah Temerluh
Industry / Commercial
(Kimdec Coporation Sdn. Bhd.)
3 years
178.00 mp. 0.04 -
-
116.83 22,452,642
-
-
32.79
925,395
(Project Ongoing)
35
Geran 3618 / Lot 3771
Freehold
Vacant land /
Mukim Mentakab, Daerah Temerluh
Industry / Commercial
(Project Ongoing)
36
CT 3479 Lot 1207
Freehold
Vacant land /
-
-
25.53
22,901,175
CT 1546 Lot 1131
Buiding / Residential
30.38
CT 1169 Lot 1129
10.34
Mukim Mentakab, Daerah Temerloh
0.23 1,062,567
90.49 35,603,227
906,640
BENTUNG
37
Pusat Komersil Sri Ketari (Properties/Unsold)
HS(D) 14117 / PT.18008 (S.D. to Strata)
Leasehold (99 yrs)
-
590.00 m.p. HS(D) 14119 / PT.18010 (S.D. to Strata)
Expiring 02.01.2096
183.00 m.p. 366,200.0 mp. Bandar Bentong , Daerah Bentung
(PN 4438 Lot 8 Sek.17 - Master Title)
38
Bukit Tinggi
HS(D) 14686 / PT.18197
Leasehold (99 yrs)
Vacant land /
Mukim Bentung, Daerah Bentung
Expiring 01.09.2101
Buiding / Residential
RAUB
39
Project Raub Perdana 2 (JV Dynabumi Link)
Leasehold (99 yrs)
Vacant land / -
-
HS(D) 7725 / PT.19143 Expiring 02.01.2100
72.92 HS(D) 7737 / PT.18226 4.43 Mukim Gali, Daerah Raub
0.47 (Project Ongoing)
HS(D) 6838 / PT.16730
Leasehold (99 yrs)
148.64 mp. HS(D) 6939 / PT.16831
Expiring 03.01.2093
190.19 mp. HS(D) 6940 / PT.16832
148.64 mp. HS(D) 6941 / PT.16833
148.64 mp. HS(D) 6942 / PT.16834
148.64 mp. HS(D) 6943 / PT.16835
148.64 mp. HS(D) 6944 / PT.16836
148.64 mp. HS(D) 6945 / PT.16837
148.64 mp. HS(D) 6946 / PT.16838
148.64 mp. HS(D) 6947 / PT.16839
148.64 mp. HS(D) 6948 / PT.16840
148.64 mp. HS(D) 6949 / PT.16841
233.65 mp. Mukim Gali, Daerah Raub
191
192
DESCRIPTION OF
AGE OF
BUILT-UP
LAND
NET BOOK VALUE@
TENURE
PROPERTY/
BUILDING
AREAS
AREA
31.12.2007
EXISTING USE
(YEARS)
(M.S.Q)
(ACRES)
(RM)
PEGANGAN
JENIS HARTANAH/
USIA
KELUASAN
KAWASAN
NILAI BUKU BERSIH@
KEGUNAAN SEMASA
BANGUNAN
KAWASAN
TANAH
31.12.2007
(TAHUN)
(MPS)
(EKAR)
(RM)
40
Project Cheroh Perdana (Cheroh Maju 3)
(Project Ongoing)
HS(D) 3007 / PT. 9318
Leasehold (99 yrs)
Vacant land /
HS(D) 3008 / PT. 9319
Expiring 19.04.2086
HS(D) 3009 / PT. 9320
HS(D) 3010 / PT. 9321
-
250.93 mp. 4.93 Building / Residential
295.62 mp. 302.02 mp. 302.02 mp. HS(D) 3011 / PT. 9322
297.66 mp. HS(D) 3012 / PT. 9342
227.61 mp. HS(D) 3013 / PT. 9393
336.22 mp. HS(D) 3014 / PT. 9391
242.94 mp. HS(D) 3015 / PT. 9390
250.84 mp. HS(D) 3016 / PT. 9388
243.87 mp. HS(D) 3017 / PT. 9387
243.87 mp. HS(D) 3018 / PT. 9386
243.87 mp. HS(D) 3019 / PT. 9385
243.87 mp. HS(D) 3032 / PT. 9352
227.61 mp. HS(D) 3033 / PT. 9351
227.61 mp. HS(D) 3036 / PT. 9348
227.61 mp. HS(D) 3037 / PT. 9347
310.30 mp. HS(D) 3038 / PT. 9346
227.61 mp. HS(D) 3039 / PT. 9345
227.61 mp. HS(D) 3040 / PT. 9344
227.61 mp. HS(D) 3041 / PT. 9343
227.61 mp. HS(D) 3042 / PT. 9394
418.71 mp. HS(D) 3043 / PT. 9395
487.09 mp. HS(D) 3044 / PT. 9396
335.47 mp. HS(D) 3045 / PT. 9397
319.03 mp. HS(D) 3046 / PT. 9398
290.79 mp. HS(D) 3047 / PT. 9399
274.53 mp. HS(D) 3048 / PT. 9400
266.45 mp. HS(D) 3049 / PT. 9401
266.45 mp. HS(D) 3050 / PT. 9402
266.45 mp. HS(D) 3055 / PT. 9407
369.66 mp. HS(D) 3057 / PT. 9409
227.61 mp. HS(D) 3059 / PT. 9411
387.03 mp.
HS(D) 3061 / PT. 9413
323.12 mp. HS(D) 3127 / PT. 9389
420.01 mp. HS(D) 3128 / PT. 9392
422.15 mp. HS(D) 3135 / PT. 9359
313.73 mp. HS(D) 3136 / PT. 9360
143.07 mp. HS(D) 3137 / PT. 9361
143.07 mp. HS(D) 3138 / PT. 9362
143.07 mp. HS(D) 3139 / PT. 9363
143.07 mp. HS(D) 3140 / PT. 9364
143.07 mp. HS(D) 3141 / PT. 9365
143.07 mp. HS(D) 3142 / PT. 9366
143.07 mp. HS(D) 3143 / PT. 9367
143.07 mp. HS(D) 3144 / PT. 9368
143.07 mp. HS(D) 3145 / PT. 9369
143.07 mp. HS(D) 3146 / PT. 9370
143.07 mp. HS(D) 3147 / PT. 9371
143.07 mp. HS(D) 3148 / PT. 9372
143.07 mp. HS(D) 3149 / PT. 9373
143.07 mp. 37,750
DESCRIPTION OF
AGE OF
BUILT-UP
LAND
NET BOOK VALUE@
TENURE
PROPERTY/
BUILDING
AREAS
AREA
31.12.2007
EXISTING USE
(YEARS)
(M.S.Q)
(ACRES)
(RM)
PEGANGAN
JENIS HARTANAH/
USIA
KELUASAN
KAWASAN
NILAI BUKU BERSIH@
KEGUNAAN SEMASA
BANGUNAN
KAWASAN
TANAH
31.12.2007
(TAHUN)
(MPS)
(EKAR)
(RM)
HS(D) 3150 / PT. 9374
143.07 mp. HS(D) 3151 / PT. 9375
143.07 mp. HS(D) 3152 / PT. 9376
143.07 mp. HS(D) 3153 / PT. 9377
143.07 mp. HS(D) 3154 / PT. 9378
330.08 mp. HS(D) 3199 / PT. 9533
291.43 mp. HS(D) 3201 / PT. 9324
371.33 mp. HS(D) 3202 / PT. 9325
374.50 mp. HS(D) 3203 / PT. 9326
345.97 mp. HS(D) 3204 / PT. 9327
346.06 mp. HS(D) 3205 / PT. 9328
281.96 mp. HS(D) 3206 / PT. 9329
281.87 mp. HS(D) 3207 / PT. 9330
206.99 mp. HS(D) 3109 / PT.9494
437.76 mp. HS(D) 3110 / PT.9495
253.17 mp. HS(D) 3112 / PT.9492
327.95 mp. HS(D) 3208 / PT. 9331
248.89 mp. HS(D) 3209 / PT. 9332
260.12 mp. HS(D) 3210 / PT. 9333
260.12 mp. HS(D) 3211 / PT. 9334
260.12 mp. HS(D) 3212 / PT. 9335
384.90 mp. HS(D) 3213 / PT. 9336
227.61 mp. HS(D) 3214 / PT. 9337
227.61 mp. HS(D) 3215 / PT. 9338
227.61 mp. HS(D) 3216 / PT. 9339
227.61 mp. HS(D) 3217 / PT. 9340
227.61 mp. HS(D) 3218 / PT. 9341
227.61 mp. Mukim Gali, Daerah Raub
(Pasdec Mega Sdn.Bhd.)
-
-
41
Quarry Land Kg. Besu (Lot 1595)
Leasehold (21 yrs)
Vacant land /
HS(D)10608 PT.3653 Expiring 11.07.2023
Industries (Quarry )
Mukim Sega, Daerah Raub
(Pasdec Mega Sdn.Bhd)
19.97 83,964
193
BERA
(Properties/Unsold)
42
Shop lot Bandar Triang
Leasehold (99 yrs)
Building / 20 years
HS(D) 3592 / PT.5952
Expiring 13.01.2084
Commercial
92.90 mp. 0.05 HS(D) 3587 / PT.5945
92.90 mp. Mukim Triang, Daerah Bera
176,209
JERANTUT
43
Perumahan Kuala Tembeling
HS(D) 391 / PT.667
Leasehold (99 yrs)
Vacant land /
-
-
12.50 HS(D) 392 / PT.668
Expiring 11.03.2076
79.88 HS(D) 393 / PT.669
4.00 HS(D) 394 / PT.670
19.00 Mukim K. Tembeling, Daerah Jerantut
277,158
DESCRIPTION OF
AGE OF
BUILT-UP
LAND
NET BOOK VALUE@
TENURE
PROPERTY/
BUILDING
AREAS
AREA
31.12.2007
EXISTING USE
(YEARS)
(M.S.Q)
(ACRES)
(RM)
PEGANGAN
JENIS HARTANAH/
USIA
KELUASAN
KAWASAN
NILAI BUKU BERSIH@
KEGUNAAN SEMASA
BANGUNAN
KAWASAN
TANAH
31.12.2007
(TAHUN)
(MPS)
(EKAR)
(RM)
1,140,260
(Properties/Unsold)
44
Workshop Industri Jerantut ( 22 lots )
Leasehold (66 yrs)
Vacant land /
7 years
HS(M) 4064 / PT.6974
Expiring 10.01.2058
Industrial
149.00 mp. 0.55 HS(M) 4066 / PT.6977
149.00 mp. HS(M) 4067 / PT.6978
149.00 mp. HS(M) 4069 / PT.6980
149.00 mp. HS(M) 4070 / PT.6981
149.00 mp. HS(M) 4071 / PT.6982
149.00 mp. HS(M) 4072 / PT.6983
149.00 mp. HS(M) 4073 / PT.6984
149.00 mp. HS(M) 4074 / PT.6985
149.00 mp. HS(M) 4075 / PT.6986
149.00 mp. HS(M) 4077 / PT.6988
149.00 mp. HS(M) 4078 / PT.6989
149.00 mp. HS(M) 4079 / PT.6990
305.00 mp. HS(M) 4080 / PT.6975 149.00 mp. Mukim Pedah, Daerah Jerantut
45
Perumahan Inderapura Fasa 5C
Leasehold (99 yrs)
Vacant land /
-
HS(M) 6293 / PT. 8230
Expiring 02.04.2101
157.00 mp. 0.17 HS(M) 6294 / PT. 8231
157.00 mp. HS(M) 6299 / PT. 8239
363.00 mp. Mukim Pedah, Daerah Jerantut
677.00 mp.
194
46
Perumahan Inderapura Fasa 3
Leasehold (99 yrs)
Vacant land /
HS(M) 6295 / PT.8232
Expiring 02.04.2101
277.00 mp. HS(M) 6296 / PT.8233
47
Perumahan Inderapura Fasa 2
Leasehold (99 yrs)
Vacant land /
- HS(M) 6300 / PT.8242
Expiring 02.04.2101
299.00 mp. HS(M) 6304 / PT.8246
352.00 mp. HS(M) 6301 / PT.8243
0.14 0.23 LIST OF PROPERTIES As at 31 December 2007
DESCRIPTION OF
AGE OF
BUILT-UP
LAND
NET BOOK VALUE@
TENURE
PROPERTY/
BUILDING
AREAS
AREA
31.12.2007
EXISTING USE
(YEARS)
(M.S.Q)
(ACRES)
(RM)
PEGANGAN
JENIS HARTANAH/
USIA
KELUASAN
KAWASAN
NILAI BUKU BERSIH@
KEGUNAAN SEMASA
BANGUNAN
KAWASAN
TANAH
31.12.2007
(TAHUN)
(MPS)
(EKAR)
(RM)
SELANGOR
(Project Ongoing)
48
Project Kota Warisan, Sepang
Freehold
HS(D)18793 / PT.34972
- Precint 1 (Bungalow Land)
743.20 mp. HS(D)18792 / PT.34971
743.20 mp. HS(D)18790 / PT.34969
743.20 mp. HS(D)18789 / PT.34968
743.20 mp. HS(D)18805 / PT.34984
806.80 mp. HS(D)18804 / PT.34983
805.70 mp. HS(D)18803 / PT.34982
808.60 mp. HS(D)18796 / PT.34975
798.10 mp. HS(D)18895 / PT.35074
958.90 mp. 1.32 HS(D)18894 / PT.35073
859.40 mp. HS(D)18893 / PT.35072
883.90 mp. HS(D)18885 / PT.35064
983.70 mp. HS(D)18877 / PT.35056
818.90 mp. HS(D)18879 / PT.35058
818.70 mp. HS(D)18911 / PT.35090
1,039.80 mp. 1.81 HS(D)18910 / PT.35089
1,174.30 mp. HS(D)18909 / PT.35088
1,259.10 mp. HS(D)18908 / PT.35087
1,157.50 mp. HS(D)18923 / PT.35102
820.10 mp. HS(D)18921 / PT.35100
970.10 mp. HS(D)18928 / PT.35107
892.50 mp. Mukim Dengkil, Daerah Sepang
Selangor
(Sumbangan Sakti Sdn. Bhd.)
49
HS(D) 11309, Lot 4820
Freehold
Vacant land /
-
-
Mukim Rawang, Daerah Ulu Selangor
Agriculture
Selangor
1.53 9,434,062
51.41
16,315,417
2,652.21 211,873,709.00
195
CORPORATE DIRECTORY
PANDUAN KORPORAT
PASDEC HOLDINGS BERHAD (367122-D)
Tingkat 14, Menara Teruntum, Jalan Mahkota, 25000 Kuantan, Pahang Darul Makmur
Telephone/Telefon : 09-5133888 Telefax/Telefaks: 09-5145988
Web site : www.pasdec.com.my
PASDEC CORPORATION SDN. BHD. (55031-P)
SUMBANGAN SAKTI SDN. BHD. (426838-T)
KUANTAN TEMBELING RESORT SDN. BHD. (226274-V)
PASDEC PINTAS SDN. BHD. (358830-P)
Tingkat 14, Menara Teruntum, Jalan Mahkota,
Telephone/Telefon :09-5133888
Telefax/Telefaks
:09-5145988
Jalan Padang Golf, 25050 Kuantan,
Pahang Darul Makmur.
Telefax/Telefaks
:09-5679988
PASDEC BINA SDN. BHD. (9248-H)
Jalan Mahkota, 25000 Kuantan,
Telefax/Telefaks
:09-5121037
MUTIARA PASDEC SDN. BHD. (411529-T)
Telefax/Telefaks
:09-5145988
PASDEC TRADING SDN. BHD. (777804-K)
Peti Surat 30, Jaya Gading
26070 Kuantan,
Telephone/Telefon :09-5421481, 5421518
Telefax/Telefaks
:09-5422242
Lot 106, Tingkat 1, Blok B,
Medan Warisan, Lorong Sri Teruntum 1, Tanah Putih,
Telephone/Telefon :09-5136137, 5135773
Telefax/Telefaks
:09-5144851
PASDEC LAND SDN. BHD. (210031-A)
BENTONG AQUARIUM & SANCTUARY PARK SDN. BHD.(709060-M)
PASDEC PUTRA SDN. BHD. (13735-M)
Bangunan Komuniti
Tanjung Lumpur, 26060 Kuantan,
Pahang Darul Makmur
Telephone/Telefon :09-5513288/5519288
Telefax/Telefaks
:09-5513385
Telefax/Telefaks
:09-5145988
KUANTAN BRICKS SDN. BHD. (206416-A)
Jalan Mahkota, 25000 Kuantan,
Telefax/Telefaks
:09-5179002
196
Telefax/Telefaks
:09-5145988
PASDEC MEGA SDN. BHD. (368024-K)
No. 7, Tingkat 1, Pusat Komersial Temerloh,
Jalan Dato’ Bahaman 4, 28000 Temerloh,
Telefax/Telefaks :09-2962680
KIMDEC CORPORATION SDN. BHD. (342895-U)
No. 36, Jalan Industri 2/1, Taman Perindustrian Temerloh,
28400 Mentakab, Pahang Darul Makmur.
Telephine/Telefon : 09-2771888/2776888/7888/7666
Telefax/ Telefaks :09-2777333
PAHANG AIRCRAFT INDUSTRIES SDN. BHD. (551633-W)
Telephine/Telefon :09-5133888
Telephine/Telefon :09-5133888
GENTING VIEW RESORT DEVELOPMENT SDN. BHD. (76079-K)
2nd Floor, Wisma Hing, No. 78, Jalan SS 2/72,
47300 Petaling Jaya, Selangor Darul Ehsan.
Telephone/Telefon :03-61002267/60
Telefax/Telefaks
:03-61001016
PRIMA PRAI SDN. BHD. (277791-V)
Suite 12-3, 12th Floor, Wisma UOA 2, 21 Jalan Pinang,
50450 Kuala Lumpur.
Telefax/Telefaks
:03-21649723
KTR RESORTS SDN. BHD. (327564-H)
Jalan Padang Golf, 25050 Kuantan, Pahang Darul Makmur.
Telefax/Telefaks
:09-5679988
PASDEC CEMPAKA SDN. BHD. (672766-A)
Lot 13-01A, Level 13 (East Wing)
Berjaya Times Square,
No. 1, Jalan Imbi, 55100 Kuala Lumpur.
Telefax/Telefaks
:03-21431685
Proxy Form
I/We
(FULL NAME IN BLOCK LETTERS)
of
(ADDRESS)
being a member of PASDEC HOLDINGS BERHAD hereby appoint
of
(FULL NAME IN BLOCK LETTERS)
(ADDRESS)
or failing him/her the Chairman of the meeting as my/our proxy to attend and vote for me/us on my/our behalf at
the Twelfth (12th) Annual General Meeting of the Company to be held at Meranti I, Hyatt Regency Kuantan Resort,
Telok Chempedak, 25050 Kuantan, Pahang Darul Makmur on Tuesday, 24 June 2008 at 10:30 a.m. and at any
adjournment thereof.
ORDINARY RESOLUTION
FOR
AGAINST
1. To receive the audited financial statements and reports for the year
ended 31 December 2007.
2. To declare a first and final dividend of 2 sen per share less 26%
Malaysian Income Tax in respect of the financial year ended 31
December 2007.
3. Re-election of Dato’ Haji Lias Mohd Noor (Article 83)
4. Re-election of Dato’ Haji Mohamed Nor bin Ali (Article 83)
5. Re-election of Majid bin Mohamad (Article 83)
6. Re-election of Dato’ Mohamed Amin bin Haji Daud (Section 129)
7. Approval of Directors’ Fees
8. Re-appointment of Messrs Hanafiah Raslan & Mohamd as Auditors
(Please indicate with an “X” in the appropriate spaces provided above as to how you wish your vote to be cast. If you do not do so, the proxy
will vote or abstain from voting at his discretion.)
As witness my hand this _______________ day of _______________ 2008.
No. of shares held
___________________________
Signature/Seal
Notes:1. A member entitled to attend and vote at the meeting may appoint not more than two proxies to attend and vote in his stead, but such
appointment shall be invalid unless he specifies the proportions of his holdings for each proxy. A proxy may, but need not be a member of the
Company and the provisions of Section 149(1)(b) of the Companies Act, 1965 shall not apply to the Company.
2. A member of the Company who is an authorised nominee as defined under the Securities Industry (Central Depositories) Act, 1991 may appoint
at least one proxy but not more than two proxies in respect of each securities account.
3. The instrument appointing a proxy must be signed by the appointer or his attorney duly authorised in writing or if the appointer is a corporation either
under common seal or under the hand of an attorney or an officer duly authorised.
4. The instrument appointing a proxy must be deposited at the Registered Office of the Company at 14th Floor, Menara Teruntum, Jalan Mahkota,
25000 Kuantan, Pahang Darul Makmur, not less than forty-eight (48) hours before the time appointed for holding the meeting or any adjournment
thereof.
Fold this flap for sealing
Then fold here
STAMP
The Company Secretary
PASDEC HOLDINGS BERHAD
14th Floor, Menara Teruntum
Jalan Mahkota
25000 Kuantan
Pahang Darul Makmur
1st fold here
BORANG PROKSI
Saya/Kami
dari
(NAMA PENUH DALAM HURUF BESAR)
(ALAMAT)
Sebagai Ahli/Ahli-ahli PASDEC HOLDINGS BERHAD dengan ini melantik
dari
(NAMA PENUH DALAM HURUF BESAR)
(ALAMAT)
atau jika beliau tidak dapat hadir, Pengerusi mesyuarat sebagai proksi saya/kami untuk mengundi bagi pihak saya/
kami di Mesyuarat Agung Tahunan Syarikat yang Ke Dua Belas (12) yang akan diadakan di Meranti I, Hyatt Regency
Kuantan Resort, Telok Chempedak, 25050 Kuantan, Pahang Darul Makmur pada hari Selasa, 24 Jun 2008 pada
jam 10:30 pagi dan pada sebarang hari penangguhannya.
RESOLUSI BIASA
SETUJU
TIDAK SETUJU
1. Menerima penyata kewangan beraudit bagi tahun berakhir
31 Disember 2007 berserta dengan Laporan-Laporan.
2. Mengisytiharkan dividen pertama dan akhir sebanyak 2 sen
sesaham ditolak 26% Cukai Pendapatan Malaysia bagi tahun
3. Perlantikan semula Dato’ Haji Lias bin Mohd Noor (Artikel 83)
4. Perlantikan semula Dato’ Haji Mohamad Nor bin Ali (Artikel 83)
5. Perlantikan semula Majid bin Mohamad (Artikel 83)
6. Perlantikan semula Dato’ Mohamed Amin bin Haji Daud (Seksyen 129)
7. Meluluskan yuran para Pengarah
8. Melantik semula Tetuan Hanafiah Raslan & Mohamad sebagai
Juruaudit
(Sila tandakan “X” di dalam ruang yang disediakan di atas bagaimana anda ingin untuk membuang undi. Jika anda tidak berbuat
demikian, proksi akan menggundi atau tidak mengundi di atas budi bicaranya.)
Tandatangan pada _______________ haribulan _______________ 2008.
Bil. Saham yang dipegang
___________________________
Tandatangan/Cop Mohor
Nota-nota:1. Seorang ahli Syarikat yang layak hadir dan mengundi di mesyuarat, layak melantik tidak lebih dari dua orang proksi untuk hadir dan mengundi
bagi pihaknya, tetapi perlantikan tersebut tidak sah melainkan ahli menentukan bahagian sahamnya untuk diwakili oleh setiap proksi . Seorang
proksi boleh, tetapi tidak semestinya seorang ahli Syarikat dan peruntukan di bawah Seksyen 149(1)[b] Akta Syarikat 1965, tidak terpakai ke atas
Syarikat.
2. Seorang ahli Syarikat yang merupakan nomini sebagaimana dijelaskan di bawah Akta Industri Sekuriti (Depositori Pusat), 1991, boleh melantik
seorang proksi tetapi tidak lebih dari dua proksi bagi setiap akaun sekuriti.
3. Suratcara perlantikan proksi hendaklah ditandatangani oleh pihak yang membuat perlantikan atau peguam yang diberi kuasa secara bertulis,
atau sekiranya pihak yang membuat perlantikan ialah sebuah perbadanan, ia hendaklah dibuat di bawah cop mohor atau ditandatangani oleh
pegawai atau peguam yang diberi kuasa.
4. Suratcara perlantikan proksi mestilah diserahkan ke Pejabat Berdaftar Syarikat di Tingkat 14, Menara Teruntum, Jalan Mahkota, 25000 Kuantan,
Pahang Darul Makmur tidak lewat daripada empat puluh lapan (48) jam sebelum masa yang dijadualkan bagi mesyuarat tersebut atau sebarang
penangguhannya.
Fold this flap for sealing
Then fold here
SETEM
Setiausaha Syarikat
PASDEC HOLDINGS BERHAD
Jalan Mahkota
25000 Kuantan
Pahang Darul Makmur
1st fold here

Forging New Frontiers - PASDEC HOLDINGS BERHAD

Transcription

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