Connecting the nation. and Beyond. - ChartNexus

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250 / MRCB annual report 2011 / NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2011 46 SUBSIDIARIES, JOINTLY CONTROLLED ENTITIES AND ASSOCIATES (cont’d) Country of Effective equity Name of enterprise Principal activities incorporation interest 2011 2010 % % ASSOCIATES: Nuzen Corporation Sdn. Bhd. ß Investment holding Malaysia 30.00 30.00 One IFC Sdn. Bhd. ß Investment holding Malaysia 30.00 30.00 Penang Sentral Sdn. Bhd. ß Property development Malaysia 49.00 49.00 Suasana Sentral Two Sdn. Bhd. Property development Malaysia 30.00 30.00 Ekovest-MRCB JV Sdn. Bhd. Property development Malaysia 40.00 – (formerly known as KL Bund Sdn. Bhd.) ß Multimedia Consulting Sdn. Bhd. ^ ß Applications services Malaysia – 29.00 relating to information and technologies Kota Francais (M) Sdn. Bhd.* ß Franchising property Malaysia 20.00 20.00 management and consultancy JOINTLY CONTROLLED ENTITIES: Nu Sentral Sdn. Bhd. Property investment Malaysia 51.00 51.00 and management Bisraya Construction-MRCB Engineering services Unincorporated 30.00 30.00 Engineering Consortium @ and construction * Dormant α This subsidiary is under creditors voluntary liquidation ^ This associate was disposed off during the financial year # The subsidiaries are under members’ voluntary liquidation ~ The subsidiaries have been placed under members’ voluntary liquidation after year end @ The Group has full control on this consortium All companies are audited by PricewaterhouseCoopers, Malaysia except for those indicated in ß
47 SEGMENT REPORTING Management has determined the operating segments based on the various reports prepared for the board of directors that are used to make strategic decisions. The reportable operating segments derive their revenue primarily from the engineering and construction, property development, infrastructure and environmental, building services and investment holding divisions. Segment results are defined as operating income before interest income. Segment assets consist primarily of current and non-current assets. Segment liabilities comprises of current and non-current liabilities. The Group is domiciled in Malaysia. The results of its revenue from external customers in Malaysia is RM1,213,076,918 (2010: RM1,067,578,585), and the total of revenue from external customers from other countries is RM Nil (2010: RM Nil). Inclusive in the Group’s non-current assets is RM Nil (2010: RM22,734,376) located in countries other than Malaysia. There are no revenue derived from transactions with a single external customer that amounted to 10% or more of the Group’s revenue except for revenue of RM152,957,000 (2010: RM195,394,000) from the construction of a hospital to a customer in Johor Bahru, which approximate 12.6% (2010: 18.3%) to the Group’s revenue. Year ended 31 December 2011 Revenue Engineering Infrastructure Investment and Property and Building holding & construction development environmental services others Group RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Total revenue 1,362,396 481,629 28,619 94,415 28,344 1,995,403 Inter-segment revenue (711,436) (7,920) – (34,740) (28,230) (782,326) External revenue 650,960 473,709 28,619 59,675 114 1,213,077 Results / MRCB laporan tahunan 2011 / 251 Segment results 12,167 124,683 (1,390) 7,044 (19,642) 122,862 Finance income 23,923 Finance costs (35,213) Share of results of jointly controlled entities and associates (186) (4,135) – – – (4,321) Profit before income tax 107,251 Income tax expense (15,326) Profit after tax 91,925 Non-controlling interests (14,463) Net profit for the financial year 77,462
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Connecting the nation. and Beyond.
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CONTENTS/KANDUNGAN 4 Vision & Missi
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MRCB laporan tahunan 2011 / 3
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CORPORATE INFORMATION MAKLUMAT KORP
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EDUCATING YOUTH / MRCB laporan tahu
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ENVIRONMENTAL INITIATIVES As a lead
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As the construction project is in t
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23 Mar MRCB receives BrandLaureate
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19-21 Jun MRCB Participates in Lang
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15 Sept MRCB Presents Key to SME Co
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6 Dec MRCB Holds EDL Briefi ng MRCB
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NOTICE OF DIVIDEND PAYMENT NOTICE I
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NOTIS PEMBAYARAN DIVIDEN DENGAN INI
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Left Dato’ Chong Pah Aung Indepen
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Datuk Mohamed Razeek Md Hussain Mar
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Dato’ Abdul Rahman Ahmad Independ
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Che King Tow Independent Director P
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Jamaludin Zakaria Independent Direc
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Member The Edge Billion Ringgit Clu
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ENGINEERING & CONSTRUCTION KEJURUTE
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Dear Valued Shareholders, Malaysian
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throughout the building. Buoyed by
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Our portfolio includes Stesen Sentr
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PENYATA PENGERUSI Para Pemegang Sah
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Pelbagai anugerah berjaya dicapai s
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Di Johor, Lebuhraya EDL dan Hospita
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Tujuan utama taklimat ini adalah un
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CHARTS Group Revenue (RM Million) 1
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Retail Peruncitan Chief Operating O
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Infrastructure, Concession & Enviro
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BUILDING GREEN / MRCB laporan tahun
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OPERATIONS REVIEW Property Developm
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award-winning architectural and pro
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Lot E: KL Sentral Park KL Sentral P
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Lot G: Offi ce (Perdana Sentral) An
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Completed Developments At Kuala Lum
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Plaza Sentral represents a sound in
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Selbourne Square, Shah Alam MRCB Se
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Plaza Alam Sentral With 91% occupan
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OPERATIONS REVIEW Engineering & Con
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The Brickfi elds and Kuala Lumpur S
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OPERATIONS REVIEW Infrastructure, C
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MRCB’s capability in the rehabili
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OPERATIONS REVIEW Building Services
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NEW GREEN TECHNOLOGY VENTURES Among
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of the planned six million sq. ft.
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OPERATIONS REVIEW Group Support Ser
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The Terms of Reference of each Comm
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Table 3: Details of attendance of m
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Table 6: Details of Aggregate Direc
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f Keeping tabs with the company’s
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d annual general meeting (“agm”
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penYata taDBIr UrUs Korporat Lembag
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Jadual 2: Butiran kehadiran ahli di
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Jadual 4: Butiran kehadiran ahli di
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4. tatacara LemBaga pengaraH Lembag
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c pencegahan penipuan Lembaga Penga
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MRCB juga terus diwakili sebagai ah
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• the going concern assumption; a
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viii) Deliberated and approved the
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• sebarang perubahan dasar dan am
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v) Mengkaji penemuan audit dan audi
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penYata KaWaLan DaLaman Lembaga Pen
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Laporan pengUrUsan rIsIKo Salah sat
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v) sanctions and/or penalties Impos
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v) sekatan dan/atau Denda yang Dike
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KontraK-KontraK pentIng mrcB (JanUa
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anaLIsa pegangan saHam PADA 31 JANU
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MRCB laporan tahunan 2011 / 143 nam
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MRCB laporan tahunan 2011 / 145 nam
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MRCB laporan tahunan 2011 / 147 Des
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FINANCIAL REPORT 2011 150 Directors
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DIRECTORS (cont’d) In accordance
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STATUTORY INFORMATION ON THE FINANC
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INDEPENDENT AUDITORS’ REPORT TO T
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STATEMENTS OF COMPREHENSIVE INCOME
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STATEMENTS OF FINANCIAL POSITION AS
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CONSOLIDATED STATEMENTS OF CHANGES
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COMPANY STATEMENTS OF CHANGES IN EQ
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STATEMENTS OF CASH FLOWS FOR THE FI
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OPERATING ACTIVITIES (cont’d) / M
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FINANCING ACTIVITIES / MRCB laporan
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2 SUMMARY OF SIGNIFICANT ACCOUNTING
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4 FINANCIAL RISK MANAGEMENT (cont
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4 FINANCIAL RISK MANAGEMENT (cont
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5 ACQUISITION OF SUBSIDIARIES (cont
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7 INTANGIBLE ASSETS The carrying am
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10 OTHER INCOME Group Company 2011
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Page 203 and 204: 15 INCOME TAX EXPENSE (a) Tax charg
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Page 207 and 208: 17 PROPERTY, PLANT AND EQUIPMENT (c
Page 215 and 216: 18 INVESTMENT PROPERTIES (cont’d)
Page 217 and 218: 19 PROPERTY DEVELOPMENT ACTIVITIES
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Page 221 and 222: 21 SUBSIDIARIES / MRCB laporan tahu
Page 223 and 224: 23 JOINTLY CONTROLLED ENTITIES Grou
Page 225 and 226: 25 DEFERRED TAX Deferred tax assets
Page 227 and 228: 27 TRADE AND OTHER RECEIVABLES Grou
Page 229 and 230: 27 TRADE AND OTHER RECEIVABLES (con
Page 231 and 232: 30 DEPOSITS, CASH AND BANK BALANCES
Page 233 and 234: 31 SHARE CAPITAL (cont’d) Employe
Page 235 and 236: 33 LOAN STOCKS AT COST The loan sto
Page 237 and 238: 35 SENIOR AND JUNIOR SUKUK (cont’
Page 239 and 240: 37 LONG TERM BORROWINGS - SECURED (
Page 241 and 242: 39 TRADE AND OTHER PAYABLES Group C
Page 243 and 244: 41 SHORT TERM BORROWINGS Secured: G
Page 245 and 246: 43 RELATED PARTY DISCLOSURES (cont
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Page 255 and 256: 47 SEGMENT REPORTING (cont’d) Yea
Page 257 and 258: 48 SIGNIFICANT EVENTS DURING THE FI
Page 259 and 260: 50 COMPARATIVES Comparative figures
Page 261 and 262: PROXY FORM (Please see the notes be
Page 263 and 264: BORANG PROKSI (Sila Lihat Nota-Nota
Page 265: MaLaYSIan reSourCeS CorporaTIon Ber
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