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DELEUM BERHAD Profiles of Directors Dato’ Kamaruddin bin Ahmad Senior Independent Non-Executive Director Dato’ Kamaruddin bin Ahmad, a Malaysian, aged 73, was appointed to the Board on 21 March 2007. He is a chartered accountant and a member of the Malaysian Institute of Accountants (“MIA”). He holds an accountancy qualification from the RMIT University (formerly known as Royal Melbourne Institute of Technology), Australia. He is also a member of the Malaysian Institute of Certified Public Accountants (“MICPA”) and a Fellow of the CPA Australia. He also attended the Advance Management Programme at the Harvard Business School, USA. He started his career in the civil service in 1966. He joined Malaysian Airlines System Berhad in 1974 and held various senior management positions there including Director of Finance, Senior Director (Operations) and CEO before assuming the position of Managing Director in 1991 until his retirement in August 1994. He was former Chairman of ACP Industries Berhad and also served as Director of Penerbangan Malaysia Berhad. 14 Nan Yusri bin Nan Rahimy Group Managing Director Nan Yusri bin Nan Rahimy, a Malaysian, aged 41, was appointed to the Board on 1 March 2011. He holds a Bachelor of Engineering Degree (Honours) in Mechanical Engineering from the RMIT University (formerly known as Royal Melbourne Institute of Technology), Australia and is a member of the Society of Petroleum Engineers. He started his career with Deleum Services in April 1996 as a Marketing Executive supporting the turbomachinery business and was later re-designated to Application Engineer in November 1996. He subsequently held several senior positions within the Group including Senior Marketing Manager, Assistant VP – Business Development, VP – Exploration and Production and COO - Oilfield Services. In August 2009, he was promoted to CEO of Deleum Oilfield Services Sdn Bhd, a wholly-owned subsidiary of Deleum Berhad and in September 2010 promoted to CEO of Deleum Services before being appointed to his current position on 1 March 2011. He sits on the Board of iCEP as Alternate Director to Datuk Vivekananthan a/l M.V. Nathan.
Datuk Ishak bin Imam Abas Independent Non-Executive Director Datuk Ishak bin Imam Abas, a Malaysian, aged 67, was appointed to the Board on 21 March 2007. He is a Fellow of the Chartered Institute of Management Accountants (“CIMA”) and a member of the MIA. Prior to joining PETRONAS in 1981, he was, amongst others, Finance Director of Pfizer (M) Sdn. Bhd., Bursar of Universiti Kebangsaan Malaysia, Finance Director of Western Digital (M) Sdn. Bhd. and Accountant in Pernas International Holdings Berhad. During his tenure at PETRONAS, he held various senior positions including Deputy GM Commercial of PETRONAS Dagangan Berhad, Senior GM Finance of PETRONAS, Senior VP Finance of PETRONAS, CEO of KLCC (Holdings) Sdn. Bhd. and KLCC Property Holdings Berhad. He was also a member of the PETRONAS Board of Directors and Board Member of several of its subsidiaries. He retired from PETRONAS as Senior VP Finance in April 2006 but continued to be CEO of KLCC (Holdings) Sdn. Bhd. and KLCC Property Holdings Berhad until his retirement in April 2007. Datuk Ishak is currently the Non-Executive Chairman of Putrajaya Holdings Sdn. Bhd. as well as Non-Executive Director of Kuala Lumpur City Park Berhad and KLCC Property Holdings Berhad, all of which are subsidiaries of PETRONAS. He was recently appointed the Non-Executive Director of KLCC REIT Management Sdn. Bhd. He also sits on the Boards of Standard Chartered Bank Malaysia Berhad and Standard Chartered Saadiq Berhad as Independent Non-Executive Director. 15 chin Kwai Yoong Independent Non-Executive Director 2012 Annual Report Profiles of Directors Chin Kwai Yoong, a Malaysian, aged 64, was appointed to the Board on 21 March 2007. He is a Fellow of the Institute of Chartered Accountants in England and Wales and a member of the MICPA and the MIA. He started his career with Price Waterhouse (currently known as PricewaterhouseCoopers) as an Audit Senior in 1974 and was subsequently promoted to Audit Manager in 1978. He was Audit Partner in the firm from 1982 to 2003. During his tenure as Partner, he was the Executive Director in charge of the Consumer and Industrial Products and Services Group and was the Director-in-charge of the Audit and Business Advisory Services and Management Consulting Services division. He has extensive experience in the audits of major companies in banking, oil and gas, automobile, heavy equipment, manufacturing, construction and property development industries. He was also involved in the corporate advisory services covering investigations, mergers and acquisitions and share valuations. Currently, he sits on the Boards of ASTRO Malaysia Holdings Berhad, ASTRO All Asia Networks Plc., ASTRO Overseas Limited, Genting Berhad and Bank Negara Malaysia. He was recently appointed as Independent Non-Executive Director of Fraser & Neave Holdings Berhad.
Page 1 and 2: DELEUM BERHAD (Co. No. 715640-T) No
Page 3 and 4: the contents 4 Financial Highlights
Page 6 and 7: Milestones 1982 Establishment of De
Page 8 and 9: 3 2012 Annual Report our people at
Page 10 and 11: Revenue (RM million) DELEUM BERHAD
Page 12 and 13: 100 90 100 80 90 70 80 60 70 50 60
Page 14 and 15: DELEUM BERHAD cORPORATE Information
Page 16: INSPIRINg SOLUTIONS Our commitment
Page 19: Datuk Vivekananthan a/l M.V. Nathan
Page 23 and 24: Key Management 1 2 3 4 5 6 7 17 1.
Page 26 and 27: DELEUM BERHAD chairman’s Statemen
Page 28 and 29: DELEUM BERHAD Chairman’s Statemen
Page 31 and 32: OPTIMISINg PERFORMANcE Continued ex
Page 33 and 34: capital expenditure, over the next
Page 35 and 36: Servicing Drill Bit Servicing Safet
Page 37 and 38: Aggressive Coating Removal To furth
Page 39 and 40: AcTIVITIES of 2012 Corporate & Busi
Page 41 and 42: 24 May 2012 7 th Annual General Mee
Page 43 and 44: AcTIVITIES of 2012 Corporate Respon
Page 45 and 46: 21 September 2012 Raya Celebration
Page 47 and 48: 30 & 31 January 2012 ‘Work Hard P
Page 49 and 50: 11 November 2012 Terry Fox Run Dele
Page 51 and 52: Dinners 13 & 14 July 2012 Family Da
Page 54 and 55: The Board of Directors (“the Boar
Page 56 and 57: The Company Secretaries ensure that
Page 58 and 59: DELEUM BERHAD (iv) making necessary
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Page 62 and 63: The Statement on Risk Management an
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Page 66 and 67: DELEUM BERHAD Audit Committee Repor
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DELEUM BERHAD Directors’ Report D
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SIgNIFIcANT EVENT DURINg ThE FINANc
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NON-cURRENT ASSETS group company No
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DELEUM BERHAD 70 Consolidated State
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DELEUM BERHAD Statements of Cash Fl
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DELEUM BERHAD Unless otherwise stat
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A BASIS OF PREPARATION (cONTINUED)
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DELEUM BERHAD Summary of Significan
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c INTANgIBLE ASSETS (a) goodwill Go
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F INVESTMENT PROPERTIES (cONTINUED)
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N ShARE cAPITAL (cONTINUED) (c) Div
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1 gENERAL INFORMATION The principal
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2 FINANcIAL RISK MANAgEMENT POLIcIE
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DELEUM BERHAD Notes to the Financia
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DELEUM BERHAD Notes to the Financia
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DELEUM BERHAD 7 PROFIT BEFORE TAX (
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10 TAX EXPENSE DELEUM BERHAD 104 No
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13 PROPERTY, PLANT AND EqUIPMENT Pl
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DELEUM BERHAD 13 PROPERTY, PLANT AN
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DELEUM BERHAD 110 Notes to the Fina
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15 INTANgIBLE ASSETS (cONTINUED) 20
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18 AMOUNTS DUE FROM/(TO) SUBSIDIARI
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DELEUM BERHAD 20 TRADE AND OThER RE
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DELEUM BERHAD 21 AMOUNTS DUE FROM/(
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DELEUM BERHAD 23 BORROWINgS (cONTIN
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DELEUM BERHAD 23 BORROWINgS (cONTIN
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26 DEFERRED TAX DELEUM BERHAD 124 N
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26 DEFERRED TAX (cONTINUED) The amo
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31 cORPORATIONS IN ThE gROUP The Gr
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31 cORPORATIONS IN ThE gROUP (cONTI
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DELEUM BERHAD 35 AcqUISITION DURINg
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DELEUM BERHAD 36 cAPITAL MANAgEMENT
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38 cOMPARATIVES (cONTINUED) (b) Imp
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DELEUM BERHAD Independent Auditors
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NOTIcE IS hEREBY gIVEN that the Eig
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8. PROPOSED RENEWAL OF ShAREhOLDERS
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DELEUM BERHAD There is no person se
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No. company Address 1 Corporate Hea
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DELEUM BERHAD Analysis of Sharehold
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DELEUM BERHAD Corporate Directory h
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2nd fold here 1st fold here The Com
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