Laporan Tahunan Annual Report - DFZ Capital Berhad

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MOHAMED SUHAIMI BIN SULAIMAN Independent Non-Executive Director MOHAMED SUHAIMI BIN SULAIMAN, Malaysian, aged 48, is an Independent Non-Executive Director of DFZ. He was appointed to the Board of DFZ on 3 April 004. He is also the Chairman of the Audit Committee and Remuneration Committee as well as a member of the Nomination Committee of DFZ. He graduated from the Central State University, Edmond, Oklahoma with a Bachelor of Business Administration (Finance). Mohamed Suhaimi is currently with Konsortium Jaringan Selangor as an Executive Director since 1998. He also served as a credit analyst in Bank Bumiputra Malaysia Berhad (now known as CIMB Bank Berhad) from 1991 to 001. He does not have any family relationship with any director and/or major shareholder of the Company. He does not have any conflict of interest with the Company. He has had no convictions for any offences within the past ten (10) years other than traffic offences, if any. He has attended all the six (6) Board Meetings held in the financial year ended 31 December 007. MOHD KAMARUDIN BIN HARON Independent Non-Executive Director Directors’ Profile (Cont’d) MOHD KAMARUDIN BIN HARON, Malaysian, aged 55, is an Independent Non-Executive Director of DFZ. He was appointed to the Board of DFZ on February 005. He is also a member of the Nomination Committee of DFZ. After finishing his S.E./MCE Form 5 education from English College J.B., he attended various management programme and courses ranging from 3 months to a year with the Malaysian Institute of Management. He has over 30 years experience in the construction and property development industry. He currently has investments as well as directorships in several private limited companies. Mohd Kamarudin also sits on the Board of Merge Housing Bhd. as an Independent Non-Executive Chairman, a company listed on Bursa Malaysia Securities Berhad. He does not have any family relationship with any director and/or major shareholder of the Company. He does not have any conflict of interest with the Company. He has had no convictions for any offences within the past ten (10) years other than traffic offences, if any. He has attended all the six (6) Board Meetings held in the financial year ended 31 December 007. D F Z C A P I T A L B E R H A D (Company No.: 104556-X) (Incorporated in Malaysia) 7
8 Managing Director’s Statement On behalf of the Board of Directors, I am pleased to present to you the Annual Report and Audited Financial Statements of DFZ Capital Berhad (“DFZ”) for the year ended 31 December 2007. FINANCIAL HIGHLIGHTS DFZ Group achieved a total revenue of RM304.97 million in 007, which is RM 9.04 million or 10.5% higher than RM 75.93 million recorded in 006. DFZ Group is able to reap the benefits from the higher arrival of tourists’ with the successful Visit Malaysia Year 007, and the increased traveling by Malaysians with the strengthening of Malaysian economy in 007. DFZ Group continues to emphasise on serving its customers with quality products and services in trading of duty free goods and non-dutiable merchandise and properties and hospitality segments. DFZ Group achieved an operating profit of RM30.04 million in 007, which is RM9. 7 million or 44.6% higher than RM 0.77 million achieved in 006. The much higher year-on-year operating profit growth over the revenue growth in 007 is because the higher profit margin in 007 is not hampered by any one-off additional expenses incurred in 006. After incurring higher finance costs and relatively higher tax, DFZ Group achieved a profit after tax of RM18.57 million, which is RM5.53 million or 4 .41% higher than the RM13.04 million achieved in 006. D F Z C A P I T A L B E R H A D (Company No.: 104556-X) (Incorporated in Malaysia) BUSINESS DEVELOPMENT • water feature including a fountain at the car park area; • waterfront broad walk; • beach club besides the waterfront; • open grand staircase leading to the first floor; • bubble lift leading to the second floor above the ZON Jetty, as well as converting it into an entertainment hall; • renovation to the ground and first floors at the ZON Mall leading to the ZON Jetty into theme entertainment outlets; and • renovation to the ground floor bus bays under the ZON Jetty into theme restaurants. As stated in the 006 Annual Report, in July 006, we commenced the re-development of part of the open-air car park area and service road at the front of the ZON Johor Bahru and the adjacent ground and first floors into a theme entertainment area branded as the FUN ZON. The re-development includes the following main components:-
Page 1 and 2: DFZ CAPITAL BERHAD (104556-X) Wisma
Page 3 and 4: Corporate Information BOARD OF DIRE
Page 5 and 6: 4 Location Map D F Z C A P I T A L
Page 7: 6 Directors’ Profile (Cont’d) W
Page 11 and 12: 10 Penyata Pengarah Urusan Bagi pih
Page 15 and 16: 14 Statement on Corporate Governanc
Page 21 and 22: 0 Additional Compliance Information
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Page 25 and 26: 4 Audit Committee Report (Cont’d)
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Page 29 and 30: 8 Corporate Social Responsibility T
Page 31 and 32: 30 Directors’ Report The director
Page 33 and 34: 3 Directors’ Report (Cont’d) DI
Page 35 and 36: 34 Statement by Directors pursuant
Page 37 and 38: 36 Income Statements for the year e
Page 39 and 40: 38 Balance Sheets (Cont’d) as at
Page 41 and 42: 40 Company Statement of Changes in
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Laporan Tahunan Annual Report - DFZ Capital Berhad

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