KLInfra-AnnualReport2004 (1.1MB).pdf - Announcements - Bursa ...

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Efforts are on the way to continue improving the monorail’s reliability, safety and efficiency in its services with cost optimization and productivity enhancements. As a responsible corporate citizen, KL Monorail is committed to providing better services with more amenities to enhance mobility and lifestyle of the populace. More information on its services and activities are available at its website http://www.monorail.com.my. Media/Advertisement Services Due to its strategic alignment and prominent profile, the KL Monorail is a preferred choice for many advertisers. Strong contribution from revenues derived from advertisement services via stations, columns, viaducts, trains, ticketing machines and plasma screens have exceeded expectations. Revenues are expected to surpass RM12 million in the next financial year. The KL Monorail trains with its sleek aerodynamic shape coupled with striking multiple hues and artistic intonations have been quoted as one of the world’s best looking urban monorails, by the President of the Monorail Society, an organization based in America. Notable advertisers include Malaysia Airline System, Telekom Malaysia, Prudential Assurance, Maxis Hotlink, Coca-Cola, Timedot.com, MAA Assurance, NEC Corporation, Acer, Allianz General Insurance, AmBank, HSBC Bank Malaysia Bhd, Cathay Pacific, Energiser, etc. With capacities largely taken up on the physical infrastructures, increasing efforts will be focused to generate more media content on the plasma displays featured on screens prominently displayed at all the monorail stations. KL Lifestyle, a monthly magazine published by Monorail Multimedia Sdn Bhd and dedicated to the citylites, made its CHAIRMAN’S STATEMENT KL Infrastructure Group Berhad (Company No. 425654-M) (Incorporated in Malaysia) and its subsidiaries debut on 1 May 2004 in Kuala Lumpur. With a current circulation of 80,000, the KL Lifestyle is distributed to all major hotels, KLIA Express, selected restaurants, popular cafes and coffee chains, leisure and entertainment outlets, selected spas and hair salons in the city. It is also distributed by MPH Distributor Sdn Bhd to major bookstores. Its vibrant content focuses on what’s on, what’s cool and what’s special around Kuala Lumpur. KL Lifestyle connects the readers to the myriad lifestyle activities available in Kuala Lumpur conveniently accessed by the KL Monorail. Visit its website at http://www.kl-lifestyle.com.my for up and coming events and activities. Property Development Jalan-Jalan Xintiandi Complementing the lifestyle concept, the Jalan-Jalan Xintiandi development located next to the Tun Sambanthan monorail station was conceptualized to provide an oasis of food, fashion and fun that promote riverine activities fashioned after the San Antonio River Walk in Texas, Canal City in Fukuoka, Japan and Xintiandi in Shanghai. With completion now expected in the second quarter of 2005, this development directly served by the KL Monorail will merge the transportation hub, KL Sentral with the revitalized landscape promulgated under the urban renewal development in Brickfields. Designed specially to provide a leisure ambiance in a pedestrian friendly and festive retail environment connected by a man-made canal, Jalan-Jalan Xintiandi offers exciting new retailing, food and entertainment opportunities. Its river arcade, open air alfresco dining and festive like outdoor activities will endear visitors and tourists alike to a new found experience. 15
16 CHAIRMAN’S STATEMENT KL Infrastructure Group Berhad (Company No. 425654-M) (Incorporated in Malaysia) and its subsidiaries CORPORATE STRATEGIES Implementation and Operation of Monorail Transit Systems Consistent with the Government’s call for the private sector to be the engine of economic growth, MTrans Holdings Sdn Bhd (“MTrans”) the Company’s holding company, has been relentlessly pursuing potential monorail system projects in more than twelve countries with potential values of US Dollars 5 billion. MTrans is one of only three urban transit monorail manufacturers in the world after Bombardier of Canada and Hitachi of Japan. Recent efforts have borne fruit with the crystallization of an Agreement concluded on 8 September 2004 between the Company, Monorail Malaysia Technology Sdn Bhd (“MMT” a wholly owned subsidiary of MTrans) and the Photo by David M Ice. Courtesy of The Monorail Society Gangnam District of Seoul, Korea to establish a joint venture company to implement a 6.7 km monorail transit system in Gangnam on a privatization basis. The proposed system costing US Dollars 175 million will complement the extensive subway system currently serving Gangnam, with a population of 550,000 and the city of Seoul of 10 million. The Company will be the designated project manager and system integrator for the project and MMT will be the turnkey monorail system supplier. The Gangnam District has shown its strong backing for the project by the provision of a subsidy of 40% of the total project cost and will subscribe up to 25% equity interest in the joint venture company. The balance of the project cost will be funded by a combination of equity and external borrowings. The project is subject to approvals of the relevant Korean and Malaysian Authorities. The final terms and conditions of the joint venture will be formalised between the joint venture partners upon the finalisation of the Concession Agreement. Putrajaya Monorail Line 1 upon its completion will serve as the public transportation backbone of Putrajaya City in accordance with its transport masterplan. With the completion of more than 4km of tunnels, Western Transport Terminal and the soon to be completed, Western Monorail Crossing all serving the Putrajaya monorail alignment, only the elevated structures and the monorail system remains uncompleted. The recent announcement of the deferral of the project has setbacked plans for an earlier completion date. This project upon completion would have provided another platform for KL Monorail to contribute its expertise in monorail transit operations. However, with traffic congestion building up in Putrajaya it is anticipated that the project will recommence soon. Extension of KL Monorail Alignment New extensions to the KL Monorail alignment that demonstrate strong economic viability are being evaluated. A case in point is the proposed shuttle line from Tun Sambanthan Station to Mid Valley which is part of the extended spurline provided for under the current KL Monorail concession. Approval from the authorities are currently being sought. The huge captive patronage at Mid Valley would serve to enhance monorail riderships. Consideration would also be given on future extension to Old Klang Road and Puchong. Other alignment extension could encompass inner-city loops covering KLCC and other places of interest with high traffic densities.
Page 2 and 3: CONTENTS KL INFRASTRUCTURE GROUP BE
Page 4 and 5: Dato' Haji Ahmad bin Haji Sa'adi (I
Page 6 and 7: CORPORATE GOVERNANCE STATEMENT KL I
Page 8 and 9: 2. DIRECTORS’ REMUNERATION CORPOR
Page 10 and 11: 5.5 Imposition of Sanctions and/or
Page 12 and 13: REPORT ON AUDIT COMMITTEE KL Infras
Page 14 and 15: 11. Summary of Activities The Audit
Page 18 and 19: Intercity/Stage Bus Services In its
Page 20 and 21: DIRECTORS’ RESPONSIBILITY STATEME
Page 22 and 23: KL Infrastructure Group Berhad (Com
Page 28 and 29: Balance sheets at 30 April 2004 KL
Page 34 and 35: 1. Summary of significant accountin
Page 36 and 37: 1. Summary of significant accountin
Page 38 and 39: 2. Property, plant and equipment Gr
Page 42 and 43: 8. Trade and other payables KL Infr
Page 44 and 45: 9. Borrowings (continued) KL Infras
Page 46 and 47: 15. Interest expense KL Infrastruct
Page 48 and 49: 18. Segmental information (continue
Page 50 and 51: 22. Related parties KL Infrastructu
Page 54 and 55: COPPORATE INFORMATION LIST OF PROPE
Page 56 and 57: Authorised Share Capital : RM500,00
Page 58 and 59: KL INFRASTRUCTURE GROUP BERHAD (Com
Page 60 and 61: FORM OF PROXY FORM OF PROXY I/We, N

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