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

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47. FINANCIAL INSTRUMENTS cont’d (f) Fair values cont’d WCT Berhad (66538-K) annual report 2011 The carrying amounts of financial assets and liabilities of the Group's and of the Company's at the statement of financial position date approximate their fair values except for the following: cont’d At 31 December 2010 Financial assets Note Group Company Carrying amount Fair value Carrying amount Fair value RM'000 RM'000 RM'000 RM'000 Non-current unquoted shares 10 9,804 * - - Financial liabilities Hire purchase payables 21 25,088 24,807 505 483 Term loans 24 306,697 269,077 - - IMTN 27 300,000 299,013 300,000 299,013 BAIDS 25 70,000 68,492 70,000 68,492 SUKUK 26 288,963 282,686 288,963 282,686 Bonds 28 545,991 536,988 545,991 536,988 1,536,739 1,481,063 1,205,459 1,187,662 * It is not practical to estimate the fair value of the Group's non-current unquoted shares because of the lack of quoted market prices and the inability to estimate the fair value without incurring excessive costs. The following methods and assumptions are used to estimate fair values of the following classes of financial instruments: (i) Current receivables, cash and bank balances and current payables The carrying amounts of these financial assets and liabilities are reasonable approximation of fair values, either due to their short-term nature or that they are floating rate instruments that are re-priced to market interest rates on or near the reporting date. 189 NOTES TO THE FINANCIAL STATEMENTS 31 December 2011 cont’d
190 WCT Berhad (66538-K) annual report 2011 NOTES TO THE FINANCIAL STATEMENTS 31 December 2011 cont’d 47. FINANCIAL INSTRUMENTS cont’d (f) Fair values cont’d (ii) Current borrowings The carrying amounts of the current portion of loans and borrowings are reasonable approximations of fair values due to the insignificant impact of discounting. (iii) Non-current receivables and non-current borrowings The fair value of these financial instruments are estimated by discounting expected future cash flows at market incremental lending rate for similar types of lending or borrowing arrangements at the reporting date. In respect of IMTN, BAIDS, SUKUK and Bonds, fair values are estimated by discounting expected future cash flows using the indicative market rates available for each of the series. (g) Categories of financial instruments The table below provides an analysis of financial instruments categorised as follows: (i) Loans and receivables ("L&R") (ii) Available-for-sale financial assets ("AFS") (iii) Other liabilities ("OL") At 31 December 2011 Carrying amount L&R OL AFS Note RM'000 RM'000 RM'000 RM'000 Group Financial assets Other investments 10 9,750 - - 9,750 Trade receivables 13 1,008,702 1,008,702 - - Other receivables 14 730,260 730,260 - - Due from related parties 15 1,012 1,012 - - Cash and cash equivalents 16 804,003 804,003 - - 2,553,727 2,543,977 - 9,750 Financial liabilities Trade payables 18 (652,078) - (652,078) - Other payables 19 (732,552) - (732,552) - Borrowings 20 (1,383,799) - (1,383,799) - (2,768,429) - (2,768,429) -
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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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7. INVESTMENT IN SUBSIDIARIES cont
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8. INVESTMENT IN ASSOCIATES WCT Ber
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8. INVESTMENT IN ASSOCIATES cont’
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9. INVESTMENT IN JOINTLY CONTROLLED
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11. CONCESSION ASSETS WCT Berhad (6
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13. TRADE RECEIVABLES cont’d (a)
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13. TRADE RECEIVABLES cont’d (b)
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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
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Page 130 and 131: 32. RESERVES WCT Berhad (66538-K) a
Page 132 and 133: 33. NON�CONTROLLING INTEREST WCT
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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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Page 168 and 169: 51. CONTRACT DISPUTE cont’d State
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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
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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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