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

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42. DIVIDENDS cont’d Recognised during the year: cont’d Dividends in respect of year WCT Berhad (66538-K) annual report 2011 Dividends recognised in year 2011 2010 2009 2011 2010 RM'000 RM'000 RM'000 RM'000 RM'000 Interim dividend of 5.0 sen per share less 25% tax, on 804,344,872 ordinary shares of RM0.50 each (3.75 sen per ordinary share) paid on 19 September 2011 30,163 - - 30,163 - Proposed for approval at AGM (not recognised as at 31 December): Final dividend for 2011: 3.0 sen per share less 25% tax and tax exempt dividend of 1.5 sen per share on 805,208,204 ordinary shares of RM0.50 each (3.75 sen per ordinary share) 30,195 - - - - 60,604 59,652 29,364 60,354 59,071 At the forthcoming Annual General Meeting, a final dividend in respect of the financial year ended 31 December 2011 of 3.0 sen per ordinary share of RM0.50 each less tax at 25% and a final tax exempt dividend of 1.5 sen per ordinary share of RM0.50 each will be proposed for shareholders' approval. The total net final dividend as recommended will be 3.75 sen per ordinary share of RM0.50 each (2010: total net final dividend of 3.75 sen per ordinary share of RM0.50 each). 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 the shareholders' equity as an appropriation of retained profits in the next financial year ending 31 December 2012. 175 NOTES TO THE FINANCIAL STATEMENTS 31 December 2011 cont’d
176 WCT Berhad (66538-K) annual report 2011 NOTES TO THE FINANCIAL STATEMENTS 31 December 2011 cont’d 43. RELATED PARTY DISCLOSURES (a) The Group and the Company had the following transactions with related parties during the financial year: Group Company 2011 2010 2011 2010 RM'000 RM'000 RM'000 RM'000 Contract revenue from a subsidiary - - - 1,790 Contract cost payable to a subsidiary Purchase of property, plant and equipment - - 436,182 741,944 from a subsidiary Purchase of property, plant and equipment - - 1,141 6,816 from a jointly controlled entity Rent expense payable to a company related to a - 865 - - Director of the Company 440 412 - - Management fee receivable from subsidiaries - - 10,990 3,097 Gross dividend receivable from subsidiaries - - 33,405 86,175 Interest receivable from subsidiaries - - 18,807 17,482 Repayment from jointly controlled entities - - 90,805 140,337 The above transactions were transacted at terms and conditions similar to those which were offered to/(by) unrelated parties except for management fees which were mutually agreed between the parties concerned. Balances due from/(to) these parties are detailed in Note 15 to the financial statements. (b) Compensation of key management personnel The Company defines key management personnel as its Directors whose remunerations are detailed in Note 39(c) to the financial statements. 44. OPERATING LEASE ARRANGEMENTS (a) The Group as lessee The Group has entered into non-cancellable operating lease agreements for the use of land and buildings. These leases have an average life of between 1 and 3 years with no renewal or purchase option included in the contracts. There are no restrictions placed upon the Group by entering into these leases.
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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
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Cash flows from investing activitie
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1. CORPORATION INFORMATION WCT Berh
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2. SUMMARY OF SIGNIFICANT ACCOUNTIN
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3. SIGNIFICANT ACCOUNTING JUDGEMENT
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3. SIGNIFICANT ACCOUNTING JUDGEMENT
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4. PROPERTY, PLANT AND EQUIPMENT Fr
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4. PROPERTY, PLANT AND EQUIPMENT co
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4. PROPERTY, PLANT AND EQUIPMENT co
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5. LAND HELD FOR PROPERTY DEVELOPME
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6. INVESTMENT PROPERTIES WCT Berhad
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7. INVESTMENT IN SUBSIDIARIES cont
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Page 104 and 105: 11. CONCESSION ASSETS WCT Berhad (6
Page 106 and 107: 13. TRADE RECEIVABLES cont’d (a)
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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 148 and 149: 44. OPERATING LEASE ARRANGEMENTS co
Page 150 and 151: 46. CONTINGENT LIABILITIES cont’d
Page 152 and 153: 47. FINANCIAL INSTRUMENTS cont’d
Page 164 and 165: 49. SIGNIFICANT EVENTS During the f
Page 166 and 167: 50. SUBSEQUENT EVENTS cont’d (i)
Page 168 and 169: 51. CONTRACT DISPUTE cont’d State
Page 170 and 171: 52. SEGMENT INFORMATION cont’d Bu
Page 172 and 173: 52. SEGMENT INFORMATION cont’d Ge
Page 174 and 175: No. Location Description 1. Master
Page 176 and 177: No. Location Description 7. Seven (
Page 178 and 179: (2) Thirty Largest Shareholders con
Page 180 and 181: (2) Thirty Largest ICPS Holders WCT
Page 182 and 183: (2) Thirty Largest Warrants Holders
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Page 186 and 187: (2) Directors’ Interests in Warra
Page 188 and 189: WCT Berhad (66538-K) annual report
Page 190 and 191: Meeting : 31st Annual General Meeti
Page 192 and 193: I/We WCT Berhad (66538-K) (Incorpor
Page 194 and 195: IXORA CAMELLIA Double-storey bungal
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