Operations Review - ChartNexus

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NOTES TO THE FINANCIAL STATEMENTS - 31 MARCH 2009 (CONTINUED) 41 OPERATING LEASES As at 31 March 2009, the Group was committed to making the following payments in respect of operating leases expiring: 2009 270 Office Land and Plant and equipment Group buildings machinery and vehicles Total RM’000 RM’000 RM’000 RM’000 Within one year 11,414 965 1,254 13,633 Between one and five years 13,896 2,261 1,231 17,388 After five years 1,353 52 - 1,405 2008 26,663 3,278 2,485 32,426 Office Land and Plant and equipment Group buildings machinery and vehicles Total RM’000 RM’000 RM’000 RM’000 Within one year 12,597 1,164 514 14,275 Between one and five years 14,931 955 659 16,545 27,528 2,119 1,173 30,820
NOTES TO THE FINANCIAL STATEMENTS - 31 MARCH 2009 (CONTINUED) 42 SIGNIFICANT RELATED PARTY TRANSACTIONS DISCLOSURES In the normal course of business, the Group and Company undertake a variety of transactions at mutually agreed terms with subsidiary companies, associated companies, jointly controlled entities and other related parties. The related parties with whom the Group and Company transact with, include the following companies: Related parties Relationship Lotus Group International Ltd. Subsidiary company Miyazu (Malaysia) Sdn. Bhd. Associated company PHN Industry Sdn. Bhd. Associated company Marutech Elastomer Industries Sdn. Bhd. Associated company Exedy (Malaysia) Sdn. Bhd. Associated company Proton City Development Corporation Sdn. Bhd. Associated company Netstar Advance Systems Sdn. Bhd. Associated company Proton Finance Ltd. Associated company Lotus Finance Ltd. Jointly controlled entity Proton Parts Centre Sdn. Bhd. Jointly controlled entity PEPS-JV (M) Sdn. Bhd. Equity investment Technomeiji Rubber Industries Sdn. Bhd. Equity investment Aluminium Alloy Industries Sdn. Bhd. Equity investment Ara Borgstena Sdn. Bhd. Equity investment In addition to related party disclosures mentioned elsewhere in the financial statements, set out below are other significant related party transactions. The related party transactions described below were carried out on terms and conditions obtainable in transactions with unrelated parties unless otherwise stated. (a) Interest income from advances to a subsidiary company 2009 Company 2008 Subsidiary company RM’000 RM’000 - Lotus Group International Ltd. 5,680 301 (b) Sales of goods and services 2009 Group 2008 RM’000 RM’000 Jointly controlled entities - Proton Parts Centre Sdn. Bhd. 25,566 17,925 - Lotus Finance Ltd.* 45,988 88,590 Associated company - Proton Finance Ltd.* 30,787 61,892 * Under the terms of financing agreements, Lotus Finance Ltd. and Proton Finance Ltd. provide financing services to dealers and customers of the Group to acquire vehicles. Vehicles under financing arrangements are sold through Lotus Finance Ltd. and Proton Finance Ltd.. PROTON 2009 ANNUAL REPORT 271
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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 139 and 140: NOTES TO THE FINANCIAL STATEMENTS -
Page 189: 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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Operations Review - ChartNexus

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