Operations Review - ChartNexus

More documents

Recommendations

Info

NOTES TO THE FINANCIAL STATEMENTS - 31 MARCH 2009 (CONTINUED) 29 NON-CURRENT ASSETS HELD FOR SALE Non-current assets classified as held for sale: - property, plant and equipment (Note 13) 13,728 - - prepaid land lease payments (Note 14) 22,684 - 30 SHARE CAPITAL 252 Group 2009 2008 RM’000 RM’000 36,412 - Group and Company 2009 2008 RM’000 RM’000 Authorised: Ordinary shares of RM1.00 each At start/end of financial year 1,000,000 1,000,000 Issued and fully paid: Ordinary shares of RM1.00 each At start/end of financial year 549,213 549,213
NOTES TO THE FINANCIAL STATEMENTS - 31 MARCH 2009 (CONTINUED) 31 RESERVES (a) Retained earnings Under the single-tier tax system which came into effect from the year of assessment 2008, companies are not required to have tax credits under Section 108 of the Income Tax Act, 1967 for dividend payment purposes. Dividends paid under this system are tax exempt in the hands of shareholders. Companies with Section 108 credits as at 31 December 2007 may continue to pay franked dividends until the Section 108 credits are exhausted or 31 December 2013 whichever is earlier unless they opt to disregard the Section 108 credits to pay single-tier dividends under the special transitional provisions of the Finance Act, 2007. As at 31 March 2009, the Company has sufficient Section 108 tax credits to frank approximately RM1,377.0 million (2008: RM1,325.8 million) of its retained earnings as at 31 March 2009 if paid out as dividends. In addition, the Company has tax exempt income as at 31 March 2009 amounting to approximately RM324.8 million (2008: RM321.5 million) available for distribution of tax exempt dividends to its shareholders. (b) Capital reserve The capital reserve arose as a result of a Group reorganisation exercise whereby all existing shareholders of Perusahaan Otomobil Nasional Sdn. Bhd. (‘PONSB’) exchanged all their ordinary shares of RM1.00 each comprising 549,213,000 ordinary shares in PONSB for 549,213,000 new ordinary shares of RM1.00 each in the Company in a one-for-one share exchange on 5 April 2004. Following the share for share exchange, the Company has no share premium. Accordingly, the amount of share premium previously recognised on consolidation has been re-designated as capital reserve. (c) Asset revaluation reserve The asset revaluation reserve arose as a result of a fair value adjustment of the 51% equity interest previously held in PT Proton Cikarang Indonesia as a jointly controlled entity upon the acquisition of the remaining 49% equity interest on 10 August 2007. PROTON 2009 ANNUAL REPORT 253
Page 1 and 2:
PROTON’s MPV, the Exora, goes int
Page 3 and 4:
PROTON Shah Alam Operations Review
Page 5 and 6:
To boost sales in the wake of econo
Page 7 and 8:
Operations Review Production of the
Page 9 and 10:
Evora’s successful press launch i
Page 11 and 12:
A Lotus showroom in Europe. Operati
Page 13 and 14:
PROTON 2009 ANNUAL REPORT 93
Page 15 and 16:
Quality in Supply Operations Review
Page 17 and 18:
Quality in the Market Quality excel
Page 19 and 20:
Page 21 and 22:
Prospects Undoubtedly the economy w
Page 23 and 24:
5-Year Export Volume and 2009/10 Fo
Page 25 and 26:
Indonesia Performance and Operation
Page 27 and 28:
Operations Review An agreement was
Page 29 and 30:
Thailand Performance and Operations
Page 31 and 32:
The Persona is launched Down Under.
Page 33 and 34:
Prospects The year 2009 is expected
Page 35 and 36:
Top: The Centre of Excellence in Su
Page 37 and 38:
Page 39 and 40:
PROTON Malaysia Open 2009, an annua
Page 41 and 42:
Operations Review experience and th
Page 43 and 44:
PROTON conducts numerous training p
Page 45 and 46:
Additionally, Yayasan PROTON carrie
Page 47 and 48:
Operations Review As part of our co
Page 49 and 50:
Operations Review Under Bridging Co
Page 51 and 52:
Page 53 and 54:
End of Life Vehicles The quality of
Page 55 and 56:
Instilling sound commuting practice
Page 57 and 58:
Shouldering Responsibility PROTON
Page 59 and 60:
The Board is also committed to abid
Page 61 and 62:
Statement on Corporate Governance I
Page 63 and 64:
Statement on Corporate Governance P
Page 65 and 66:
Statement on Corporate Governance T
Page 67 and 68:
Statement on Corporate Governance D
Page 69 and 70:
Statement on Corporate Governance B
Page 71 and 72:
Statement on Corporate Governance D
Page 73 and 74:
Statement on Corporate Governance R
Page 75 and 76:
Statement on Corporate Governance P
Page 77 and 78:
Revaluation Policy on Landed Proper
Page 79 and 80:
Additional Compliance Information T
Page 81 and 82:
Risk Management Risk management is
Page 83 and 84:
Statement on Internal Control The B
Page 85 and 86:
• Regular visits to operating uni
Page 87 and 88:
Risk Governance and Structure Board
Page 89 and 90:
war, terrorism, politics, natural d
Page 91 and 92:
Bright Outlook Despite challenges,
Page 93 and 94:
Aug 2008 PROTON gives away bicycles
Page 95 and 96:
Dec 2008 BWF Super Series Masters F
Page 97 and 98:
May 2009 Dato’ Mustapa Bin Mohame
Page 99 and 100:
Moving Ahead Being committed to met
Page 101 and 102:
DIRECTORS’ REPORT The Directors h
Page 103 and 104:
DIRECTORS’ REPORT (CONTINUED) STA
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
Page 113 and 114:
NOTES TO THE FINANCIAL STATEMENTS -
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122: NOTES TO THE FINANCIAL STATEMENTS -
Page 171: NOTES TO THE FINANCIAL STATEMENTS -
Page 201 and 202: INDEPENDENT AUDITORS REPORT TO THE
Page 203 and 204: SHAREHOLDING STATISTICS AS AT 30 JU
Page 205 and 206: SHAREHOLDING STATISTICS AS AT 30 JU
Page 207 and 208: PROPERTIES OWNED BY PROTON GROUP AS
Page 213 and 214: Notice of Annual General Meeting NO
Page 215 and 216: Statement Accompanying the Notice o
Page 217 and 218: ✂ FORM OF PROXY PROTON ANNUAL REP
show all

Operations Review - ChartNexus

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

Delete template?

Save as template?