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

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KL Infrastructure Group Berhad (Company No. 425654-M) (Incorporated in Malaysia) and its subsidiaries Directors’ report for the year ended 30 April 2004 The Directors hereby submit their report and the audited financial statements of the Group and of the Company for the year ended 30 April 2004. Principal activities The principal activity of the Company is that of an investment holding company, whilst the principal activities of the subsidiaries are stated in Note 4 to the financial statements. Results Group Company RM’000 RM’000 Net loss for the year (46,244) (289) Reserves and provisions There were no material transfers to or from reserves and provisions during the financial year under review except as disclosed in the financial statements. Dividend No dividend was paid during the year and the Directors do not recommend any dividend to be paid for the year. Directors of the Company Directors who served since the date of the last report are: Al-Jeffery bin Ibrahim Dato’ Haji Ahmad bin Haji Sa’adi Lai Ying Choy Lim Chai Chang Wong Kim Fah @ Vong Kim Fah Datuk Ahmad Rejal Arbee (appointed on 21.8.2003) Brigadier General Datuk Muhamad Yasin bin Yahya (appointed on 27.4.2004) Che Ibrahim bin Che Ismail KL Infrastructure Group Bhd Annual Report 2004 21
22 KL Infrastructure Group Berhad (Company No. 425654-M) (Incorporated in Malaysia) and its subsidiaries Directors of the Company (continued) The holdings and deemed holdings in the ordinary shares of the Company and of its related corporations (other than the wholly owned subsidiary) of those who were Directors at year end as recorded in the Register of Directors’ shareholdings are as follows: Number of ordinary shares At At 1.5.2003 Bought Sold 30.4.2004 Shareholdings in which Directors have direct interests The Company Al-Jeffery bin Ibrahim - 190,000 - 190,000 Dato’ Haji Ahmad bin Haji Sa’adi - 190,000 - 190,000 Lai Ying Choy - 4,640,000 - 4,640,000 Lim Chai Chang - 190,000 - 190,000 Wong Kim Fah @ Vong Kim Fah - 6,100,000 - 6,100,000 Che Ibrahim bin Che Ismail - 190,000 - 190,000 Shareholdings in which a Director has indirect interest The Company Lim Chai Chang 273,860,996 4,402,200 (1,100,000) 277,163,196 Immediate holding company MTrans Holdings Sdn. Bhd. (“MTrans”) Interest of Al-Jeffery bin Ibrahim: - indirect 3,000,000 - - 3,000,000 Interest of Lim Chai Chang: - direct 3,375,000 - - 3,375,000 - indirect 2,625,000 - - 2,625,000 By virtue of their interests in the shares of the Company and MTrans, the above Directors are deemed interested in the shares of all the other subsidiaries of the Company and MTrans during the financial year to the extent that the Company and MTrans have an interest. None of the other Directors holding office at 30 April 2004 had any interest in the ordinary shares of the Company and of its related corporations during the financial year. Directors’ benefits Since the end of the previous financial year, no Director of the Company has received nor become entitled to receive any benefit (other than a benefit included in the aggregate amount of emoluments received or due and receivable by the Directors shown in the financial statements or the fixed salary of a full time employee of the Group) by reason of a contract made by the Company or a related corporation with the Director or with a firm of which the Director is a member, or with a company in which the Director has a substantial financial interest. There were no arrangements during and at the end of the year which had the object of enabling Directors of the Company to acquire benefits by means of the acquisition of shares in or debentures of the Company or any other body corporate except for the issue of shares, as stated below. Issue of shares and debentures During the financial year, the Company issued 202,297,000 new ordinary shares of RM0.50 each at an issue price of RM0.51 per share pursuant to the listing of the Company on the Main Board of <strong>Bursa</strong> Malaysia (formerly Kuala Lumpur Stock Exchange) on 28 May 2003. KL Infrastructure Group Bhd Annual Report 2004
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 16 and 17: Efforts are on the way to continue
Page 18 and 19: Intercity/Stage Bus Services In its
Page 20 and 21: DIRECTORS’ RESPONSIBILITY STATEME
Page 24 and 25: 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

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

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