Financial Statements - Berjaya Corporation Berhad

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Notes To The Financial Statements 30 April 2001 21 OTHER LONG TERM LIABILITIES Secured Group Company 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000 Block discounting creditors (Note a) 49,172 33,985 - - Unexpired carrying charges (7,867) (4,463) - - 41,305 29,522 - - Portion repayable within 12 months included under payables (Note 9) (15,869) (14,368) - 25,436 15,154 - - Hire purchase and leasing creditors (Note b) 123,632 105,585 1,091 788 Portion repayable within 12 months included under payables (Note 9) (43,774) (40,889) (449) (395) 79,858 64,696 642 393 Floating Rate Notes (Note c) 171,000 277,400 - - Portion repayable within 12 months included under payables (Note 9) (38,000) (277,400) - - Unsecured 133,000 - - - 238,294 79,850 642 393 Agency deposits (Note d) 30,246 29,576 - - Club members’ deposits (Note e) 51,645 51,473 - - Deferred income (Note f ) 80,048 56,401 - - Notes: 161,939 137,450 - - 400,233 217,300 642 393 (a) (b) The amount in respect of block discounting creditors and hire purchase and leasing creditors are secured by corporate guarantee of the subsidiary companies and assignment of the rights under leasing and hire purchase agreements. The commitment terms under hire purchase and leasing creditors are summarised as follows:- Group Company 2001 2000 2001 2000 RM’000 RM’000 RM’000 RM’000 Gross amount repayable within :- One year after balance sheet date 54,289 48,174 547 496 More than one year but not later than two years 37,004 23,866 520 252 More than two years but not later than five years 73,304 65,781 164 248 164,597 137,821 1,231 996 Less : Unexpired interest (40,965) (32,236) (140) (208) 123,632 105,585 1,091 788 105 BERJAYA GROUP BERHAD
Notes To The Financial Statements 30 April 2001 21 OTHER LONG TERM LIABILITIES (CONTINUED) (c) The Floating Rate Notes (“FRN”) at nominal value of USD250,000 each are constituted by a Trust Deed dated 6 May 1997, made by a subsidiary company, Berjaya Group Capital (Cayman) Limited (“Issuer”) and the Trustee for the holders of the FRN. The interest rate was 1.4% above the London interbank offer rate, on the Interest Determination Date. Interest on the FRN is payable quarterly in arrears. The FRN is secured against certain quoted investments of the Group and guaranteed by the Company and partially by a listed subsidiary company. The redemption terms have been amended to allow the Issuer to redeem USD10 million of the FRN by the end of December 2001 and the outstanding balance by the end of June 2002. In connection to the aforesaid amendments, the interest rate was revised to 2.5% above the London interbank offer rate with effect from 18 December 1998. The FRN bear interest at rates ranging from 7.91% to 9.76% (2000: 7.35% to 8.60%) per annum. (d) (e) (f) Agency deposits represent deposits obtained from agents for operating the Toto betting outlets. These deposits are refundable upon termination of operation contracts. Club members’ deposits represent amounts paid by members to certain subsidiary companies for membership licences issued to use and enjoy the facilities of the subsidiary companies’ recreational clubs. The monies are refundable to the members upon expiry of prescribed terms from the dates of issuance of the licences. Deferred income represents mainly deferred membership fees which are recognised over the membership period. 22 DEFERRED TAXATION Deferred taxation of the Group is mainly in respect of timing differences between depreciation and capital allowances. 23 INSURANCE RESERVES Group 2001 2000 RM’000 RM’000 General insurance fund Reserves for unexpired risks At 1 May 30,062 41,770 Increase/(Decrease) during the year 9,522 (11,708) At 30 April 39,584 30,062 24 SHARE CAPITAL Ordinary shares of RM1.00 each Group and Company Number of shares Share capital 2001 2000 2001 2000 ‘000 ‘000 RM’000 RM’000 Authorised 5,000,000 5,000,000 5,000,000 5,000,000 Issued and fully paid At 1 May 1,497,514 1,276,929 1,497,514 1,276,929 Issued during the year from conversion of ICULS 657 217,271 657 217,271 Staff Share Options exercised - 3,314 - 3,314 At 30 April 1,498,171 1,497,514 1,498,171 1,497,514 BERJAYA GROUP BERHAD 106
Page 1 and 2: Financial Statements Directors’ R
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Page 9 and 10: Statement By Directors We, TAN SRI
Page 11 and 12: Balance Sheets At 30 April 2001 Gro
Page 13 and 14: Consolidated Statement Of Changes I
Page 15 and 16: Consolidated Cash Flow Statement Fo
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Page 19 and 20: Notes To The Financial Statements 3
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List Of Properties As At 30 April 2
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Statement Of Directors’ Sharehold
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Statistics On Shareholdings As At 1
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Notice of Annual General Meeting NO
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Fold this flap for sealing Affix st
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R SECURITIES SDN BHD BERJAYA GENERA
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Financial Statements - Berjaya Corporation Berhad

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