Download PDF - ChartNexus

More documents

Recommendations

Info

116 SapuraCrest Petroleum Berhad Annual Report 2010 noteS to the FinAnCiAl StAtementS 31 January 2010 20. Amount Due FRom SuBSiDiARieS Company 2010 2009 Rm’000 Rm’000 Amount due from subsidiaries 849,157 784,307 Less: Provision for doubtful debts (171,278) (171,278) 677,879 613,029 Amount due from subsidiaries are unsecured, interest free and repayable on demand except for RM96,225,773 (2009: RM165,558,924) which is subject to interest rates ranging from 7.50% to 8.43% (2009: 7.50% to 8.43%) per annum. Further details on related party transactions are disclosed in Note 34. Other information on financial risks are disclosed in Note 35. 21. tRADe AnD otheR ReCeivABleS trade receivables group Company 2010 2009 2010 2009 Rm’000 Rm’000 Rm’000 Rm’000 Third parties 501,437 716,601 — — Sapura Group of companies 6,848 8,739 84 12 508,285 725,340 84 12 Less: Provision for doubtful debts Third parties (17,618) (23,408) — — 490,667 701,932 84 12 Construction contracts: Due from customers on contract (Note 22) 493,823 738,769 — — Retention sums (Note 22) — 25,846 — — 493,823 764,615 — — Trade receivables, net 984,490 1,466,547 84 12
21. tRADe AnD otheR ReCeivABleS (Cont’D) other receivables group Company 2010 2009 2010 2009 Rm’000 Rm’000 Rm’000 Rm’000 Amount due from: Associates — 2,680 — 2,680 Jointly controlled entities 90,407 79,662 — — 90,407 82,342 — 2,680 Deposits and prepayments 22,502 71,304 1,464 1,466 Sundry receivables 44,930 84,069 65 446 67,432 155,373 1,529 1,912 Less: Provision for doubtful debts (563) (385) — — 66,869 154,988 1,529 1,912 1,141,766 1,703,877 1,613 4,604 Trade receivables are non-interest bearing. The Group’s normal trade credit term ranges from 30 to 120 days (2009: 30 to 120 days). Other credit terms are assessed and approved on a case-by-case basis. Overdue balances are reviewed regularly by senior management. Amounts due from associates and jointly controlled entities are unsecured, interest free and have no fixed term of repayment. The Group has significant exposure to a few large customers mainly major oil companies and as such a concentration of credit risks which comprise most of the total trade receivables of the Group. However, the potential for default is remote as the customers are of high creditworthiness and of international reputation. Further details on related party transactions are disclosed in Note 34. Other information on financial risks of receivables are disclosed in Note 35. 117 SapuraCrest Petroleum Berhad Annual Report 2010
Page 1 and 2:
SapuraCrest Petroleum Berhad (45631
Page 3 and 4:
BUILDING ON VALUES The theme “bui
Page 5 and 6:
Notes: 1. Proxy Forms A member of t
Page 7 and 8:
005 SapuraCrest Petroleum Berhad An
Page 9 and 10:
FINANCIAL HIGHLIGHTS 31 January 200
Page 11 and 12:
100% Sapura Retail Solutions Sdn Bh
Page 14 and 15:
Page 16 and 17:
Page 18 and 19:
Page 20 and 21:
Page 22 and 23:
Page 24 and 25:
Page 26:
We set high standards of profession
Page 29 and 30:
Tan Sri Datuk Amar (Dr.) Hamid Bugo
Page 31 and 32:
Appointments held by Datuk Shahril
Page 33 and 34:
Gee Siew Yoong (Independent Non-Exe
Page 35 and 36:
MANAGEMENT Chief Executive Officer
Page 38 and 39:
Page 40 and 41:
Page 42 and 43:
Page 44:
We will continually build up our kn
Page 47 and 48:
Page 49 and 50:
Details of attendance at Board meet
Page 51 and 52:
AUDIT COMMITTEE REPORT TERMS OF REF
Page 53 and 54:
5.0 COMMITTEE MEETINGS 5.1 The Comm
Page 55 and 56:
SUMMARY OF ACTIVITIES OF THE AUDIT
Page 57 and 58:
ADDITIONAL COMPLIANCE INFORMATION P
Page 59 and 60:
STATEMENT OF DIRECTORS’ RESPONSIB
Page 62:
Financial Statements Director’s R
Page 65 and 66:
DiviDenDS (Cont’D) In respect of
Page 67 and 68: iSSue oF ShAReS (a) During the fina
Page 69 and 70: StAtement By DiReCtoRS Pursuant to
Page 71 and 72: Report on other legal and regulator
Page 73 and 74: BAlAnCe SheetS As at 31 January 201
Page 75 and 76: ConSoliDAteD StAtement oF ChAngeS i
Page 77 and 78: ComPAny StAtement oF ChAngeS in equ
Page 79 and 80: 2010 2009 Rm’000 Rm’000 Cash fl
Page 81 and 82: noteS to the FinAnCiAl StAtementS 3
Page 83 and 84: 2. SigniFiCAnt ACCounting PoliCieS
Page 95 and 96: 3. Revenue Revenue of the Group and
Page 97 and 98: 7. PRoFit BeFoRe tAX (Cont’D) gro
Page 99 and 100: 9. DiReCtoRS’ RemuneRAtion (Cont
Page 101 and 102: 10. inCome tAX eXPenSe (Cont’D) A
Page 103 and 104: 12. DiviDenDS Recognised during the
Page 105 and 106: 13. PRoPeRty, PlAnt AnD equiPment (
Page 107 and 108: 13. PRoPeRty, PlAnt AnD equiPment (
Page 109 and 110: 14. intAngiBle ASSetS (Cont’D) im
Page 111 and 112: 16. inveStmentS in ASSoCiAteS (Cont
Page 113 and 114: 17. inveStmentS in Jointly ContRoll
Page 115 and 116: 18. DeFeRReD tAX (Cont’D) The com
Page 117: 18. DeFeRReD tAX (Cont’D) Deferre
Page 121 and 122: 23. CASh AnD CASh equivAlentS (Cont
Page 123 and 124: 24. ShARe CAPitAl AnD ShARe PRemium
Page 125 and 126: 25. emPloyee BeneFitS (Cont’D) em
Page 127 and 128: 27. Amount Due to SuBSiDiARieS Curr
Page 129 and 130: 28. BoRRowingS (Cont’D.) maturity
Page 131 and 132: 30. iStiSnA’ BonDS AnD muRABAhAh
Page 133 and 134: 31. tRADe AnD otheR PAyABleS Curren
Page 135 and 136: 33. CoRPoRAte guARAnteeS group Comp
Page 137 and 138: 34. RelAteD PARty DiSCloSuReS (Cont
Page 139 and 140: 35. FinAnCiAl inStRumentS (Cont’D
Page 145 and 146: 36. Segment inFoRmAtion (Cont’D)
Page 147 and 148: 36. Segment inFoRmAtion (Cont’D)
Page 149 and 150: 37. SuBSiDiARieS AnD ACtivitieS Det
Page 151 and 152: 37. SuBSiDiARieS AnD ACtivitieS (Co
Page 157 and 158: ANALYSIS OF SHAREHOLDINGS As at 21
Page 159 and 160: SUBSTANTIAl SHAREHOlDERS Based on R
Page 161 and 162: No. Name No. of Shares Held % 23 CH
Page 163 and 164: PROXY FORM I/We of being a Member o
show all

Download PDF - ChartNexus

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

Delete template?

Save as template?