WCT-Page 30 to ProxyForm (2.4MB).pdf - Announcements - Bursa ...

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8. INVESTMENT IN ASSOCIATES cont’d WCT Berhad (66538-K) annual report 2011 The Group's contingent liabilities in respect of its investment in associates are disclosed in the Note 46(d). The summarised assets and liabilities of the associates are as follows: Assets and liabilities (Restated) 2011 2010 RM'000 RM'000 Current assets 390,866 471,205 Non-current assets 940,610 1,148,693 Current liabilities (102,406) (125,945) Non-current liabilities (506,869) (685,355) Net Assets 722,201 808,598 The summarised results of the associates adjusted for the proportion of ownership interest held by the Group, are as follows: Results 2011 (Restated) 2010 RM'000 RM'000 Revenue 24,228 20,304 Finance income 25,427 28,892 Profit after taxation 16,750 16,993 9. INVESTMENT IN JOINTLY CONTROLLED ENTITIES Company 2011 2010 RM'000 RM'000 Capital contribution 15,380 15,380 Impairment of capital contribution (15,246) (15,246) 134 134 129 NOTES TO THE FINANCIAL STATEMENTS 31 December 2011 cont’d
130 WCT Berhad (66538-K) annual report 2011 NOTES TO THE FINANCIAL STATEMENTS 31 December 2011 cont’d 9. INVESTMENT IN JOINTLY CONTROLLED ENTITIES cont’d Details of the incorporated/unincorporated jointly controlled entities are as follows: Name of jointly controlled entities Malaysia - China Hydro Joint Venture Gamuda Berhad - WCT Engineering Berhad Joint Venture Sinohydro Corporation - Gamuda Berhad - WCT Engineering Berhad Joint Venture Gamuda - WCT (Bahrain) Joint Venture Country of operation Principal activities Proportion of ownership interest 2011 (%) Malaysia Construction work 7.7 7.7 2010 (%) Qatar Engineering and construction of a new highway from the town of Shahaniya to the existing Zekreet interchange near the Dukhan Industrial area in the state of Qatar 49 49 Qatar Design and construction of the airfield facilities, tunnel and detention pond of the New Doha International Airport in the state of Qatar 49 49 Bahrain Trading of building materials - 49 AES - WCT Joint Venture Emirate of Dubai Engineering and construction of 50 50 Arabtec Construction L.L.C. - WCT Engineering Joint Venture Emirate of Dubai infrastructure works Construction work 50 50 AES - WCT Contracting L.L.C. Emirate of Dubai Road, bridges and dam contracting 49 49 Held by WCT Land Sdn. Bhd.: One Medini Sdn. Bhd. Malaysia Property development 70 70 Segi Astana Sdn. Bhd. Malaysia Concession holder of an integrated complex 70 - Segi Astana Sdn. Bhd. (“SASB”) was incorporated on 1 October 2010 in Malaysia with authorised share capital of RM100,000 and issued and paid-up share capital of RM2.00. On 30 September 2011, SASB became a jointly controlled entity of WCT Land Sdn. Bhd. and Malaysia Airports Holdings Berhad, with respective equity shareholdings of 70% and 30%. Gamuda - WCT (Bahrain) Joint Venture has been dissolved on 31 March 2011. The contribution from this jointly controlled entity is not material to the Group's consolidated financial statements. As such the dissolution of this jointly controlled entity has no material financial impact to the Group's consolidated financial statements. All jointly controlled entities are unincorporated except for AES - WCT Contracting L.L.C., One Medini Sdn. Bhd. and Segi Astana Sdn. Bhd..
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financial statements Directors’ R
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DIVIDENDS cont’d In respect of th
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DIRECTORS' INTERESTS cont’d Taing
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ISSUE OF SHARES Ordinary shares WCT
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OTHER STATUTORY INFORMATION cont’
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REPORT ON THE FINANCIAL STATEMENTS
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Non-current assets WCT Berhad (6653
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WCT Berhad (66538-K) annual report
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Group WCT Berhad (66538-K) annual r
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Company WCT Berhad (66538-K) annual
Page 50 and 51: Cash flows from investing activitie
Page 52 and 53: 1. CORPORATION INFORMATION WCT Berh
Page 54 and 55: 2. SUMMARY OF SIGNIFICANT ACCOUNTIN
Page 80 and 81: 3. SIGNIFICANT ACCOUNTING JUDGEMENT
Page 82 and 83: 3. SIGNIFICANT ACCOUNTING JUDGEMENT
Page 84 and 85: 4. PROPERTY, PLANT AND EQUIPMENT Fr
Page 86 and 87: 4. PROPERTY, PLANT AND EQUIPMENT co
Page 88 and 89: 4. PROPERTY, PLANT AND EQUIPMENT co
Page 90 and 91: 5. LAND HELD FOR PROPERTY DEVELOPME
Page 92 and 93: 6. INVESTMENT PROPERTIES WCT Berhad
Page 94 and 95: 7. INVESTMENT IN SUBSIDIARIES cont
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Page 98 and 99: 8. INVESTMENT IN ASSOCIATES WCT Ber
Page 102 and 103: 9. INVESTMENT IN JOINTLY CONTROLLED
Page 104 and 105: 11. CONCESSION ASSETS WCT Berhad (6
Page 106 and 107: 13. TRADE RECEIVABLES cont’d (a)
Page 108 and 109: 13. TRADE RECEIVABLES cont’d (b)
Page 110 and 111: 15. DUE FROM/(TO) RELATED PARTIES c
Page 112 and 113: 19. OTHER PAYABLES WCT Berhad (6653
Page 114 and 115: 20. BORROWINGS cont’d Total borro
Page 116 and 117: 24. TERM LOANS Secured WCT Berhad (
Page 118 and 119: 26. ISLAMIC SERIAL REDEEMABLE BONDS
Page 120 and 121: 29. SHARE CAPITAL WCT Berhad (66538
Page 122 and 123: 29. SHARE CAPITAL cont’d (b) Empl
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Page 126 and 127: 29. SHARE CAPITAL cont’d (c) Warr
Page 128 and 129: 30. IRREDEEMABLE CONVERTIBLE PREFER
Page 130 and 131: 32. RESERVES WCT Berhad (66538-K) a
Page 132 and 133: 33. NON�CONTROLLING INTEREST WCT
Page 134 and 135: 34. DEFERRED TAXATION cont’d WCT
Page 136 and 137: 37. OTHER OPERATING INCOME/�LOSS
Page 138 and 139: 39. PROFIT BEFORE TAXATION (a) The
Page 140 and 141: 39. PROFIT BEFORE TAXATION cont’d
Page 142 and 143: 40. TAXATION Tax expense for the ye
Page 144 and 145: 41. EARNINGS PER SHARE (i) Basic WC
Page 146 and 147: 42. DIVIDENDS cont’d Recognised d
Page 148 and 149: 44. OPERATING LEASE ARRANGEMENTS co
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46. CONTINGENT LIABILITIES cont’d
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47. FINANCIAL INSTRUMENTS cont’d
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49. SIGNIFICANT EVENTS During the f
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50. SUBSEQUENT EVENTS cont’d (i)
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51. CONTRACT DISPUTE cont’d State
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52. SEGMENT INFORMATION cont’d Bu
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52. SEGMENT INFORMATION cont’d Ge
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No. Location Description 1. Master
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No. Location Description 7. Seven (
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(2) Thirty Largest Shareholders con
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(2) Thirty Largest ICPS Holders WCT
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(2) Thirty Largest Warrants Holders
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(2) Thirty Largest Warrants Holders
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(2) Directors’ Interests in Warra
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WCT Berhad (66538-K) annual report
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Meeting : 31st Annual General Meeti
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I/We WCT Berhad (66538-K) (Incorpor
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IXORA CAMELLIA Double-storey bungal
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