Beruflich Dokumente
Kultur Dokumente
director’s report, director’s statements, statutory declaration, auditors’ report, and financial
statement.
S 169(5) :
The Directors present their Report together with the audited financial statements of the Group
and of the Company for the year ended 30th June 2008.
In accordance with a resolution of the Board of Directors ,dated 23th October 2008
Y. Bhg. Tan Sri Datuk Hj. Mustapha Kamal Bin Hj. Abu Bakar
• Re-designated as Chairman and Chief Executive Officer
Y. Bhg. Datuk Kasi A/L K.L. Palaniappan
• Re-designated as Non-Independent Non-Executive Director
Y. Bhg. Dato’ Mohamad Nor Bin Mohamad
• Independent Non-Executive Director
Mr. Hong Hee Leong
• Independent Non-Executive Director
Pn. Hajjah Felina Binti Tan Sri Datuk Hj. Mustapha Kamal
• Non-Independent Non-Executive Director
Pn. Hajjah Fazwinna Binti Tan Sri Datuk Hj. Mustapha Kamal
(Alternate to Pn. Hajjah Felina Binti Tan Sri Datuk Hj. Mustapha Kamal)
The report was signed by them.
S169(6)(a) DIRECTOR:
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:
Tan Sri Datuk Hj. Mustapha Kamal bin Hj. Abu Bakar
Datuk Kasi a/l K. L. Palaniappan
Dato’ Mohamad Nor bin Mohamad
Hong Hee Leong
Felina binti Tan Sri Datuk Hj. Mustapha Kamal
Fazwinna binti Tan Sri Datuk Hj. Mustapha Kamal
(alternate to Felina binti Tan Sri Datuk Hj. Mustapha Kamal)
Ahmad Khalif bin Tan Sri Datuk Hj. Mustapha Kamal (Resigned on 8.8.2008)
(alternate to Tan Sri Datuk Hj. Mustapha Kamal bin Hj. Abu Bakar)
S169(6)(b) PRINCIPAL ACTIVITIES:
The principal activities of the Company are those of investment holding and the provision of
management services.
The principal activities of the subsidiaries are described in Note 16 to the financial statements.
There have been no significant changes in the nature of these principal activities during the
financial
year.
S169(6)(c) RESULTS:
Group Company
RM’000 RM’000
(Loss)/profit for the year (60,878) 11,477
S 169(6)(f)(ii)
There is no statement explaining the effect of the above arrangements and giving the names of
the persons who at any time in that year were directors of the conpany and held,or whose
nominees held,shares or debentures acquired under such arrangements.
S 169(8)
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 as shown in Note 7 to the financial statements
or the fixed salary of a full–time employee of the Company) 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.
None of the other directors in office at the end of the financial year had any interest in the
shares or warrants of the Company or its related corporations during the financial year.
S169(6)(J)
At the date of this Report, the Directors are not aware of any circumstances:-
Which would render the amount written off for bad debts or the amount of the allowance for
doubtful debts in the financial statements of the Group and of the Company inadequate to any
substantial extent.
S 169(6)(k) CURRENT ASSETS:
Before the Income Statement and Balance Sheet of the Group and of the Company were made
out, the Directors took reasonable steps:-
To ensure that any current assets which were unlikely to realize their values 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 realize.
S 169(6)(l)(i)
At the date of this Report, the Directors are not aware of any circumstances:-
Which would render the values attributed to current assets in the financial statements of the
Group and of the Company misleading.
S 169(6)(m)(ii)
As at the date of this Report:-
There are no contingent liabilities in the Group and in the Company which have arisen since
the end of the year other than those arising in the ordinary course of business.
S(169)(6)(n)
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 year which, in the opinion of the
Directors, will or may substantially affect the ability of the Group and of the Company to
meet their obligations as and when they fall due.
Signed on behalf of the Board in accordance with a resolution of the directors dated 23
October 2008.
S 174(2)(a)
In our opinion, the financial statements have been properly drawn up in accordance with
Financial Reporting Standards and the Companies Act 1965 in Malaysia so as to give a true
and fair view of the financial position of the Group and of the Company as at 30 June 2008
and of their financial performance and cash flows of the Group and of the Company for the
year then ended.
S 174(2)(b)
The accounting and other records and the registers required by the Act to be kept by the
Company and by the subsidiary companies of which we have acted as auditors have been
properly kept in accordance with the provisions of the Act.
S 174(2)(c)
Satisfied that the accounts 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 accounts 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.
FRS 101/85
The amount of dividend per share declared or proposed for the period is disclosed either on
the face of Income Statement or in the notes to the statement.
S 166A,FRS 101/94
Publish accounts contain statement to the effect that they are in compliance with the
Financial Reporting Standards,statement of the measurement basis and accounting policies
applied and the supporting information for items presented on the face of each financial
statement is presented.
FRS 101/97(a), FRS 101/97(b)
The accounting policies section of the notes to financial statement describe the the
measurement or bases used in preparing financial statement and the each specific accounting
policy that is necessary for a proper understanding on Financial Statement.
FRS 108/59
Change in accounting policy has a material effect on the current period and it should be
disclosed with the reason for change and the amount adjustment recognized in the net profit or
loss in the current period.
9th sch2(1)(h)
The fixed assets are classified separately under headings appropriate to the company’s
bussiness.
9th sch(1)(i)((i)
The followings are disclosed under separate headings:Land and
Buildings,Freehold,Leasehold,Plant and Machinery,Other categories of assets,suitably
identified and the Accumulated depreciation.
For the financial year under review, MK Land registered for the first time since its inception,
a net loss of RM60.9 million compared to the net profit of RM10.8 million in the previous
financial year.
Reflecting on the financial year under review and looking at the current collapse in the global
financial and commodities markets, it is difficult to have an optimistic view of the year ahead.