Operations Review - ChartNexus

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NOTES TO THE FINANCIAL STATEMENTS - 31 MARCH 2009 (CONTINUED) 14 PREPAID LAND LEASE PAYMENTS Cost 228 Group 2009 2008 RM’000 RM’000 At 1 April 24,031 10,989 Currency translation differences (1,347) (1,077) Acquisition through business combination (Note 17(b)) - 25,108 Disposal - (394) Reclassification to inventory (Note 23) - (10,595) Reclassification to non-current assets held for sale (Note 29) (22,684) - At 31 March - 24,031 Accumulated amortisation At 1 April - 1,045 Amortisation - 89 Disposal - (80) Reclassification to inventory (Note 23) - (1,054) At 31 March - - Net book value At 31 March - 24,031
NOTES TO THE FINANCIAL STATEMENTS - 31 MARCH 2009 (CONTINUED) 15 GOODWILL Impairment test for goodwill 2009 Group 2008 RM’000 RM’000 At 1 April 35,749 29,008 Acquisition through business combination (Note 17(b)) - 6,741 35,749 35,749 Less: Accumulated impairment loss (6,741) (6,741) At 31 March 29,008 29,008 The Group undertook an annual test for impairment of goodwill. The carrying amount of goodwill is allocated to the cash-generating unit that the goodwill relates to, i.e. distribution business in Malaysia. The recoverable amount of the cash-generating unit including goodwill in this test is determined based on the value-in-use calculation. This value-in-use calculation applies a discounted cash flow model using cash flow projections covering a five-year period for the distribution business in Malaysia. The projections reflect the Group’s expectations of revenue growth, operating costs and margins based on past experience and current assessment of market share, expectations of market growth and industry growth. For purposes of the value-in-use calculation, a discount rate of 8% has been applied. The discount rate reflects the prevailing independent market rate applicable to the Group in Malaysia. The sales volumes used in the projections indicate an increase from current levels through the introduction of a new model in a segment for which the Group is not currently in and where capital expenditure has been incurred to date, over the projection periods. However, the projected sales volume does not include future new models for which capital expenditure has not been incurred. A nil terminal value has been assumed. Sensitivity analysis shows that no impairment loss is required for the carrying amount of goodwill, including where realistic variations are applied to key assumptions. PROTON 2009 ANNUAL REPORT 229
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PROTON’s MPV, the Exora, goes int
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PROTON Shah Alam Operations Review
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To boost sales in the wake of econo
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Operations Review Production of the
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Evora’s successful press launch i
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A Lotus showroom in Europe. Operati
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PROTON 2009 ANNUAL REPORT 93
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Quality in Supply Operations Review
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Quality in the Market Quality excel
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Prospects Undoubtedly the economy w
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5-Year Export Volume and 2009/10 Fo
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Indonesia Performance and Operation
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Operations Review An agreement was
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Thailand Performance and Operations
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The Persona is launched Down Under.
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Prospects The year 2009 is expected
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Top: The Centre of Excellence in Su
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PROTON Malaysia Open 2009, an annua
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Operations Review experience and th
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PROTON conducts numerous training p
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Additionally, Yayasan PROTON carrie
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Operations Review As part of our co
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Operations Review Under Bridging Co
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End of Life Vehicles The quality of
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Instilling sound commuting practice
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Shouldering Responsibility PROTON
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The Board is also committed to abid
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Statement on Corporate Governance I
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Statement on Corporate Governance P
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Statement on Corporate Governance T
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Statement on Corporate Governance D
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Statement on Corporate Governance B
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Statement on Corporate Governance D
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Statement on Corporate Governance R
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Statement on Corporate Governance P
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Revaluation Policy on Landed Proper
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Additional Compliance Information T
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Risk Management Risk management is
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Statement on Internal Control The B
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• Regular visits to operating uni
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Risk Governance and Structure Board
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war, terrorism, politics, natural d
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Bright Outlook Despite challenges,
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Aug 2008 PROTON gives away bicycles
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Dec 2008 BWF Super Series Masters F
Page 97 and 98: May 2009 Dato’ Mustapa Bin Mohame
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Page 101 and 102: DIRECTORS’ REPORT The Directors h
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Page 105 and 106: INCOME STATEMENTS FOR THE FINANCIAL
Page 107 and 108: BALANCE SHEETS AS AT 31 MARCH 2009
Page 109 and 110: COMPANY STATEMENT OF CHANGES IN EQU
Page 111 and 112: CASH FLOW STATEMENTS FOR THE FINANC
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NOTES TO THE FINANCIAL STATEMENTS -
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INDEPENDENT AUDITORS REPORT TO THE
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SHAREHOLDING STATISTICS AS AT 30 JU
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SHAREHOLDING STATISTICS AS AT 30 JU
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PROPERTIES OWNED BY PROTON GROUP AS
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Notice of Annual General Meeting NO
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Statement Accompanying the Notice o
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✂ FORM OF PROXY PROTON ANNUAL REP
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Operations Review - ChartNexus

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