Operations Review - ChartNexus

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NOTES TO THE FINANCIAL STATEMENTS - 31 MARCH 2009 (CONTINUED) 32 LONG TERM LIABILITIES (CONTINUED) (b) Long term loan - secured 256 The long term loan is repayable as follows: Within one year 15,668 - Between one and two years 20,890 44,695 More than two years 31,335 38,310 The lease and hire purchase creditors are repayable as follows: 67,893 83,005 Within one year 1,084 1,325 Between one and two years 1,084 1,325 Between two and five years 1,714 3,421 3,882 6,071 Less: Future finance charges (487) (947) Present value of lease and hire purchase creditors 3,395 5,124 Current (Note 33) 858 973 Non-current 2,537 4,151 Present value of lease and hire purchase creditors 3,395 5,124 The lease and hire purchase creditors bears an interest rate of 7.5% (2008: 7.5%) per annum. Group 2009 2008 RM’000 RM’000 The long term loan is secured over a subsidiary company’s fixed and floating assets as disclosed in Note 13 and bears an interest rate of 7.32% (2008: 8.44%) per annum. (c) Lease and hire purchase creditors - secured The lease and hire purchase arrangements obtained by subsidiary companies are secured against the related assets of the respective subsidiary companies. Group 2009 2008 RM’000 RM’000
NOTES TO THE FINANCIAL STATEMENTS - 31 MARCH 2009 (CONTINUED) 32 LONG TERM LIABILITIES (CONTINUED) (d) Automotive Development Fund The Government of Malaysia approved the setting up of an Automotive Development Fund (‘ADF’) under the Ninth Malaysia Plan with the objective of modernising and automating the manufacturing processes, improving efficiency, productivity, quality and the application of automation for the Malaysian automotive industry. The Government of Malaysia had as at 31 March 2008, disbursed a total of RM50 million to the Group to be utilised for payments to external parties for the purpose of developing and promoting a competitive and viable domestic automotive sector as a mean to achieve the objective of the ADF. The ADF comprises: (i) ADF liabilities 14,467 45,343 (ii) Capital grant 9,403 - 23,870 45,343 Less: Current portion of capital grant (2,184) - Non-current 21,686 45,343 (i) ADF liabilities Group 2009 2008 RM’000 RM’000 At 1 April 45,343 50,201 Interest earned during the financial year 681 1,402 46,024 51,603 Less: Utilised during the financial year (31,557) (6,260) At 31 March (Note 44) 14,467 45,343 PROTON 2009 ANNUAL REPORT 257
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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
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May 2009 Dato’ Mustapa Bin Mohame
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Moving Ahead Being committed to met
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DIRECTORS’ REPORT The Directors h
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DIRECTORS’ REPORT (CONTINUED) STA
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INCOME STATEMENTS FOR THE FINANCIAL
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BALANCE SHEETS AS AT 31 MARCH 2009
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COMPANY STATEMENT OF CHANGES IN EQU
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CASH FLOW STATEMENTS FOR THE FINANC
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NOTES TO THE FINANCIAL STATEMENTS -
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Page 125 and 126: NOTES TO THE FINANCIAL STATEMENTS -
Page 175: 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
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