Connecting the nation. and Beyond. - ChartNexus

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50 / MRCB annual report 2011 / CHAIRMAN’S STATEMENT The main purpose of the briefi ng was to inform the stakeholders of the impending opening of the EDL, and to gauge their responses. The stakeholders were briefed on the project, while the media were invited for a drive along the highway. The briefi ng for the Singapore Consulate-General was also conducted on the same day. On top of that, we also held a stakeholder communications session with the Malaysian Association for the Blind (MAB) on 2 March 2011.The purpose was to discuss ways to help the blind to navigate Brickfi elds with the upgrading works in progress. This was followed by another dialogue session on 29 June 2011 in which MRCB and the Kuala Lumpur Mayor Tan Sri Ahmad Fuad Ismail discussed possible solutions to the traffi c issues in Brickfi elds with the local community. Green Building Initiatives MRCB wholeheartedly supports the green agenda and aims to achieve green certifi cations for all its future developments. Since 2009, we have incorporated green building requirements into our KL Sentral development, and all our new developments in KL Sentral utilise international green building certifi cation standards, notably the US-based Leadership in Energy and Environmental Design (LEED), Singapore’s BCA Green Mark, and Malaysia’s Green Building Index. In 2011, we participated in the greening initiatives of the Greater Kuala Lumpur Development Plan by contributing RM1.0 million towards establishing Taman Botani Perdana as a world-class botanical garden. Formerly known as Taman Tasik Perdana, Taman Botani Perdana will promote greater environmental awareness amongst Malaysians as well as serving as a tourist attraction. We also participated once again in the Earth Hour movement by turning off all non-essential lights in our key developments on 26 March 2011. A Brighter Outlook Business prospects for 2012 are reasonable, supported by strong domestic demand, relatively low interest rates, Economic Transformation Programme projects and the Greater Kuala Lumpur initiative. We are optimistic of another year of revenue growth, driven by our on-going property development projects, outstanding construction order book and the opening of the EDL. With the successful positioning of our iconic KL Sentral development as the nation’s next generation CBD, we expect an increasing call for residential, retail and commercial space. This fl agship project should remain a mainstay of our value-creation plans for years to come. However, given the intense competition within the construction industry and the anticipated start-up losses from the EDL, achieving profi tability growth is likely to be challenging. On a personal note, I am delighted to welcome Dato’ Chong Pah Aung and Encik Jamaludin Zakaria who joined the Board of Directors on 21 June 2011 and 24 August 2011 respectively. I also wish to offer sincere thanks to Dr. Roslan A Ghaffar and Datuk Ahmad Zaki Zahid who stepped down as directors on 4 April 2011 and 15 October 2011 respectively. Their wisdom and commitment made a signifi cant contribution to the development of the Group throughout their terms of offi ce. Finally, I would like to express my gratitude to my fellow Board members, the entire management team and all the staff of MRCB for the hard work and dedication they so consistently displayed which made 2011 another year of commendable growth for the Group. TAN SRI AZLAN ZAINOL Chairman
PENYATA PENGERUSI Para Pemegang Saham Yang Dihargai Sekalian, Malaysian Resources Corporation Berhad (MRCB) menikmati pertumbuhan berterusan dengan mencatatkan satu lagi keputusan yang bertambah baik pada tahun ini. Kumpulan berjaya mencatatkan hasil sebanyak RM1,213.1 juta yang merupakan peningkatan sebanyak 13.6% pada tahun kewangan berakhir 31 Disember 2011, berbanding RM1,067.6 juta yang dicapai pada tahun sebelumnya. Sementara itu, keuntungan sebelum cukai meningkat sebanyak 9.9% kepada RM107.3 juta, berbanding RM97.6 juta yang dilaporkan pada tahun kewangan berakhir pada 31 Disember 2010. / MRCB laporan tahunan 2011 / 51 Kumpulan mampu mencapai prestasi yang teguh pada tahun 2011 disebabkan terutamanya oleh keteguhan prestasi jualan dan kepesatan kemajuan kerja daripada beberapa projek pembangunan hartanah kita di Kuala Lumpur Sentral (KL Sentral). Bahagian perniagaan Kumpulan yang lain juga mencatatkan pertumbuhan hasil dan mengekalkan keuntungan masing-masing, kecuali bahagian Infrastruktur, Konsesi & Alam Sekitar yang menanggung kerugian kecil sebanyak RM1.4 juta berikutan penyiapan beberapa projek alam sekitar dan kelewatan pemberian kontrak baru.
Page 1 and 2: Connecting the nation. and Beyond.
Page 3 and 4: CONTENTS/KANDUNGAN 4 Vision & Missi
Page 5 and 6: MRCB laporan tahunan 2011 / 3
Page 7 and 8: CORPORATE INFORMATION MAKLUMAT KORP
Page 9 and 10: EDUCATING YOUTH / MRCB laporan tahu
Page 11 and 12: ENVIRONMENTAL INITIATIVES As a lead
Page 13 and 14: As the construction project is in t
Page 19 and 20: 23 Mar MRCB receives BrandLaureate
Page 21 and 22: 19-21 Jun MRCB Participates in Lang
Page 23 and 24: 15 Sept MRCB Presents Key to SME Co
Page 25 and 26: 6 Dec MRCB Holds EDL Briefi ng MRCB
Page 27 and 28: NOTICE OF DIVIDEND PAYMENT NOTICE I
Page 29 and 30: NOTIS PEMBAYARAN DIVIDEN DENGAN INI
Page 33 and 34: Left Dato’ Chong Pah Aung Indepen
Page 35 and 36: Datuk Mohamed Razeek Md Hussain Mar
Page 37 and 38: Dato’ Abdul Rahman Ahmad Independ
Page 39 and 40: Che King Tow Independent Director P
Page 41 and 42: Jamaludin Zakaria Independent Direc
Page 43 and 44: Member The Edge Billion Ringgit Clu
Page 45 and 46: ENGINEERING & CONSTRUCTION KEJURUTE
Page 47 and 48: Dear Valued Shareholders, Malaysian
Page 49 and 50: throughout the building. Buoyed by
Page 51: Our portfolio includes Stesen Sentr
Page 55 and 56: Pelbagai anugerah berjaya dicapai s
Page 57 and 58: Di Johor, Lebuhraya EDL dan Hospita
Page 59 and 60: Tujuan utama taklimat ini adalah un
Page 61 and 62: CHARTS Group Revenue (RM Million) 1
Page 63 and 64: Retail Peruncitan Chief Operating O
Page 65 and 66: Infrastructure, Concession & Enviro
Page 67 and 68: BUILDING GREEN / MRCB laporan tahun
Page 69 and 70: OPERATIONS REVIEW Property Developm
Page 71 and 72: award-winning architectural and pro
Page 73 and 74: Lot E: KL Sentral Park KL Sentral P
Page 75 and 76: Lot G: Offi ce (Perdana Sentral) An
Page 77 and 78: Completed Developments At Kuala Lum
Page 79 and 80: Plaza Sentral represents a sound in
Page 81 and 82: Selbourne Square, Shah Alam MRCB Se
Page 83 and 84: Plaza Alam Sentral With 91% occupan
Page 85 and 86: OPERATIONS REVIEW Engineering & Con
Page 87 and 88: The Brickfi elds and Kuala Lumpur S
Page 89 and 90: OPERATIONS REVIEW Infrastructure, C
Page 91 and 92: MRCB’s capability in the rehabili
Page 93 and 94: OPERATIONS REVIEW Building Services
Page 95 and 96: NEW GREEN TECHNOLOGY VENTURES Among
Page 97 and 98: of the planned six million sq. ft.
Page 99 and 100: OPERATIONS REVIEW Group Support Ser
Page 103 and 104:
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
Page 167 and 168:
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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12 STAFF COSTS Group Company 2011 2
Page 203 and 204:
15 INCOME TAX EXPENSE (a) Tax charg
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16 EARNINGS PER SHARE (a) Basic ear
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17 PROPERTY, PLANT AND EQUIPMENT (c
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18 INVESTMENT PROPERTIES (cont’d)
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19 PROPERTY DEVELOPMENT ACTIVITIES
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19 PROPERTY DEVELOPMENT ACTIVITIES
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21 SUBSIDIARIES / MRCB laporan tahu
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23 JOINTLY CONTROLLED ENTITIES Grou
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25 DEFERRED TAX Deferred tax assets
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27 TRADE AND OTHER RECEIVABLES Grou
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27 TRADE AND OTHER RECEIVABLES (con
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30 DEPOSITS, CASH AND BANK BALANCES
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31 SHARE CAPITAL (cont’d) Employe
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33 LOAN STOCKS AT COST The loan sto
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35 SENIOR AND JUNIOR SUKUK (cont’
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37 LONG TERM BORROWINGS - SECURED (
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39 TRADE AND OTHER PAYABLES Group C
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41 SHORT TERM BORROWINGS Secured: G
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43 RELATED PARTY DISCLOSURES (cont
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46 SUBSIDIARIES, JOINTLY CONTROLLED
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47 SEGMENT REPORTING Management has
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47 SEGMENT REPORTING (cont’d) Yea
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48 SIGNIFICANT EVENTS DURING THE FI
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50 COMPARATIVES Comparative figures
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PROXY FORM (Please see the notes be
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BORANG PROKSI (Sila Lihat Nota-Nota
Page 265:
MaLaYSIan reSourCeS CorporaTIon Ber
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