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

More documents

Recommendations

Info

6. INVESTMENT PROPERTIES WCT Berhad (66538-K) annual report 2011 Group 2011 2010 RM'000 RM'000 At fair value At 1 January 614,266 425,761 Additions 186,409 67,150 Disposal (912) (15,300) Transferred from property, plant and equipment (Note 4) - 88,180 Transferred from land held for property development (Note 5(a)) - 1,682 Gain from fair value adjustment (Note 37) 14,260 46,793 At 31 December 814,023 614,266 Investment properties with an aggregate carrying value of RM428,042,772 (2010: RM242,426,057) are held under lease terms. Investment properties are stated at their fair value as at 31 December 2011. Valuations were performed by Henry Butcher Malaysia (SEL.) Sdn. Bhd. and PA International Consultants (KL) Sdn. Bhd., professional independent valuers in accordance with International Valuation Standards using Cost Method and Investment Method. Investment properties with an aggregate carrying value of RM771,598,890 (2010: RM568,930,093) are pledged as securities for borrowings as disclosed in Note 24. In the current financial year finance costs capitalised in investment properties of the Group amounted to RM4,753,668 (2010: RM3,230,185) as disclosed in Note 38. 121 NOTES TO THE FINANCIAL STATEMENTS 31 December 2011 cont’d
122 WCT Berhad (66538-K) annual report 2011 NOTES TO THE FINANCIAL STATEMENTS 31 December 2011 cont’d 7. INVESTMENT IN SUBSIDIARIES Company 2011 2010 RM'000 RM'000 At cost Unquoted shares 489,453 489,403 Arising from ESOS granted to subsidiaries' employees 21,892 14,550 511,345 503,953 Less: Accumulated impairment losses (6,698) (6,698) 504,647 497,255 In the previous financial years, the Company recognised an impairment loss of RM6,697,713 in respect of its investment in WCT Construction Sdn. Bhd.. The impairment loss represents the write down of the investment to its recoverable value and has been recognised in the income statement. The recoverable amount was based on value in use and determined at the level of the cash generating units ("CGU"). (a) Acquisition of new subsidiaries (i) On 25 January 2011, the Company acquired 2 ordinary shares of RM1.00 each at par representing the entire issued and paid-up share capital of the following companies: (a) WCT Green Sdn. Bhd. (b) WCT Group Sdn. Bhd. (c) WCT Holdings Sdn. Bhd. And on even date, the Company’s wholly-owned subsidiary, WCT Land Sdn. Bhd. (“WCTL”), acquired 2 ordinary shares of RM1.00 each at par representing the entire issued and paid-up share capital of WCT Assets Sdn. Bhd.. These subsidiary companies are incorporated in Malaysia, each has an authorised share capital of RM100,000 and an issued and paid-up share capital of RM2.00 divided into 2 ordinary shares of RM1.00 each respectively. (ii) On 24 February 2011, WCTL has acquired 2 ordinary shares of RM1.00 each at par representing the entire issued and paid-up share capital of WCT Realty Sdn. Bhd. ("WCTRSB") for a total cash consideration of RM2.00. WCTRSB, a company incorporated in Malaysia, has an authorised share capital of RM100,000 and an issued and paid-up share capital of RM2.00 divided into 2 ordinary shares of RM1.00 each. (iii) On 14 July 2011, WCTL has acquired 2 ordinary shares of RM1.00 each at par representing the entire issued and paid-up share capital of Pioneer Acres Sdn. Bhd. ("PASB") for a total cash consideration of RM2.00. PASB, a company incorporated in Malaysia, has an authorised share capital of RM100,000 and an issued and paid-up share capital of RM2.00 divided into 2 ordinary shares of RM1.00 each.
Page 1 and 2:
30 WCT Berhad (66538-K) annual repo
Page 3 and 4:
Page 5 and 6:
Page 7 and 8:
Page 9 and 10:
Page 11 and 12:
Page 13 and 14:
Page 15 and 16:
Page 17 and 18:
Page 19 and 20:
Page 21 and 22:
Page 23 and 24:
Page 25 and 26:
Page 27 and 28:
Page 30 and 31:
financial statements Directors’ R
Page 32 and 33:
DIVIDENDS cont’d In respect of th
Page 34 and 35:
DIRECTORS' INTERESTS cont’d Taing
Page 36 and 37:
ISSUE OF SHARES Ordinary shares WCT
Page 38 and 39:
OTHER STATUTORY INFORMATION cont’
Page 40 and 41:
REPORT ON THE FINANCIAL STATEMENTS
Page 42 and 43: Non-current assets WCT Berhad (6653
Page 44 and 45: WCT Berhad (66538-K) annual report
Page 46 and 47: Group WCT Berhad (66538-K) annual r
Page 48 and 49: 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 94 and 95: 7. INVESTMENT IN SUBSIDIARIES cont
Page 96 and 97: 7. INVESTMENT IN SUBSIDIARIES cont
Page 98 and 99: 8. INVESTMENT IN ASSOCIATES WCT Ber
Page 100 and 101: 8. INVESTMENT IN ASSOCIATES cont’
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
Page 124 and 125: 29. SHARE CAPITAL cont’d (b) Empl
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
Page 150 and 151:
46. CONTINGENT LIABILITIES cont’d
Page 152 and 153:
47. FINANCIAL INSTRUMENTS cont’d
Page 154 and 155:
Page 156 and 157:
Page 158 and 159:
Page 160 and 161:
Page 162 and 163:
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
Page 184 and 185:
(2) Thirty Largest Warrants Holders
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
show all

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

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?