Operations Review - ChartNexus

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NOTES TO THE FINANCIAL STATEMENTS - 31 MARCH 2009 (CONTINUED) 45 FINANCIAL INSTRUMENTS (CONTINUED) (c) Fair values (continued) 278 2008 Recognised on the balance sheet Investments - unquoted 21 10,397 15,067 6,475 15,067 Current investments: - quoted 27 526 806 - - - unquoted 27 20,296 20,296 - - Advance - Government loan facility 32 (47,879) (47,879) - - Lease and hire purchase creditor - long term portion 32 (4,151) (3,860) - - ADF liability 32(d) (45,343) (43,683) - - Long term loan 32 (83,005) (68,647) - - Off balance sheet Forward foreign exchange Group Company Carrying Carrying amount Fair value amount Fair value Note RM’000 RM’000 RM’000 RM’000 contracts 45(b) 56,613 57,078 - -
NOTES TO THE FINANCIAL STATEMENTS - 31 MARCH 2009 (CONTINUED) 46 SUBSEQUENT EVENTS (a) On 8 May 2009, the Company announced that its wholly owned subsidiary, Proton Edar Sdn. Bhd. (‘PESB’) had signed a Master Dealership Agreement with Edaran Otomobil Nasional Berhad (‘EON’) (‘the Agreement’), for the purpose of rationalising the sales and distribution network between PESB and EON with the objective of improving, developing and strengthening the Distribution and Service Dealer Network as well as, allowing parties to rationalise and achieve the cost reduction objectives (‘Proposed Rationalisation’). Under the terms of the Agreement, PESB agreed to appoint EON as a sales and service dealer for PESB on a non-exclusive basis pursuant to the terms and conditions of the Agreement and of other related agreements to be entered in by parties. The execution of a Sales Operations Agreement and a Service Operations Agreement shall be finalised and executed on or before 30 June 2009 or such other extended period to be agreed upon by parties, failing which the Agreement shall lapse and be of no further effect. The Company announced on 1 July 2009 that the following agreements have been signed: (i) Sales Operations Agreement PESB has appointed EON to undertake the promotion and sale of the Company vehicles and products on a non-exclusive basis within Malaysia for a period of 5 years beginning 1 July 2009, and (ii) Service Operations Agreement PESB has appointed EON to undertake the service and sales of parts/spare parts to customers on a non-exclusive basis within Malaysia for a period of 5 years beginning 1 July 2009. (b) On 29 May 2009, the Liquidator of Proton Capital Sdn. Bhd. (‘Proton Capital’) had convened and lodged a return relating to final meeting with the Companies Commission of Malaysia and the Official Receiver. On the expiration of three months from 29 May 2009, Proton Capital will be dissolved. 47 APPROVAL OF FINANCIAL STATEMENTS The financial statements have been approved for issue in accordance with a resolution of the Board of Directors on 22 July 2009. PROTON 2009 ANNUAL REPORT 279
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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 147 and 148: NOTES TO THE FINANCIAL STATEMENTS -
Page 197: 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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