Operations Review - ChartNexus

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NOTES TO THE FINANCIAL STATEMENTS - 31 MARCH 2009 (CONTINUED) 32 LONG TERM LIABILITIES (CONTINUED) (e) Employee retirement benefits (continued) 262 (ii) Defined benefit plan (continued) The principal actuarial assumptions used in respect of the Group’s defined benefit plan were as follows: Discount rates 6.90 6.60 Expected return on plan assets Group 2009 2008 % % - equity 7.25 7.25 - bonds 4.50 4.50 - others 4.50 4.50 Expected rate of salary increase 4.00 4.40 Expected rate of pension payment increase 3.00 3.30 Inflation 3.00 3.40 The expected return on the average value of the assets over the period is calculated using the long-term average rate of return expected over the remaining term of the Lotus Pension Plan’s liabilities. 33 TRADE AND OTHER PAYABLES Group Company 2009 2008 2009 2008 RM’000 RM’000 RM’000 RM’000 Trade payables 287,158 313,546 - - Other payables 95,597 126,189 482 575 Accruals 817,796 738,601 - - Payments received in advance for engineering contracts Lease and hire purchase creditors 76,249 56,211 - - - current portion (Note 32) 858 973 - - 1,277,658 1,235,520 482 575
NOTES TO THE FINANCIAL STATEMENTS - 31 MARCH 2009 (CONTINUED) 33 TRADE AND OTHER PAYABLES (CONTINUED) The currency exposure profile of trade and other payables are as follows: Group Functional currency Ringgit Pound US Currency exposure profile as at 31.3.2009 Malaysia Sterling Dollar Euro Others Total RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Ringgit Malaysia 959,908 523 39,428 7,080 30,821 1,037,760 Pound Sterling - 127,742 80,028 22,584 1,599 231,953 Others - - - 203 7,742 7,945 Company Functional currency 959,908 128,265 119,456 29,867 40,162 1,277,658 Ringgit Malaysia 482 - - - - 482 Group Functional currency Ringgit Pound US Currency exposure profile as at 31.3.2008 Malaysia Sterling Dollar Euro Others Total RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Ringgit Malaysia 924,780 1,897 48,680 12,762 47,403 1,035,522 Pound Sterling - 131,948 42,092 21,357 779 196,176 Others - - - - 3,822 3,822 Company Functional currency 924,780 133,845 90,772 34,119 52,004 1,235,520 Ringgit Malaysia 575 - - - - 575 Terms of trade payables granted to the Group and Company varies between no credit to 60 days (2008: no credit to 60 days) credit. PROTON 2009 ANNUAL REPORT 263
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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 131 and 132: NOTES TO THE FINANCIAL STATEMENTS -
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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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