Change - S P Setia Berhad

More documents

Recommendations

Info

124 Annual report 2008 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2008 33. BANK OVERDRAFTS Group Company 2008 2007 2008 2007 RM’000 RM’000 RM’000 RM’000 Secured 4,933 2,846 – – Unsecured 1,857 170 – – 6,790 3,016 – – The secured bank overdraft of the Group is secured by fixed charges over various land belonging to the Group as indicated in notes 3, 4, 5 and 15 above. The bank overdrafts bear interests at 0.75% to 1.25% above the lender banks’ cost of funds and bank lending rate. The effective interest rates are 4.61% to 8.00% (2007 : 5.10% to 5.48%) per annum. 34. REVENUE Group Company 2008 2007 2008 2007 RM’000 RM’000 RM’000 RM’000 Sale of development properties 1,104,921 927,149 – – Contract revenue 143,274 171,706 2,649 11,788 Sale of other goods and services 80,130 54,948 – – 1,328,325 1,153,803 2,649 11,788 35. COST OF SALES Group Company 2008 2007 2008 2007 RM’000 RM’000 RM’000 RM’000 Cost of properties sold 777,200 573,666 – – Contract cost recognised as expense 133,880 159,353 2,674 12,995 Cost of other goods and services sold 65,773 43,788 – – 976,853 776,807 2,674 12,995
125 S P <strong>Setia</strong> <strong>Berhad</strong> Group NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2008 36. PROFIT/(LOSS) FROM OPERATIONS Group Company 2008 2007 2008 2007 RM’000 RM’000 RM’000 RM’000 Profit/(Loss) from operations is stated after charging: Auditors’ remuneration – current year 538 504 70 65 – special audit 3 – – – – underprovision in prior years 33 20 5 – Bad and doubtful debts 835 734 – – Bad debt written off 65 – – – Depreciation – property, plant and equipment 9,152 6,804 103 155 – investment properties 1,487 124 2 2 Amortisation of prepaid lease payments 10 9 10 9 Direct operating expenses on – revenue generating investment properties 47 102 2 6 – non-revenue generating investment properties 418 158 17 6 Directors’ remuneration – company’s directors – emoluments other than fees 21,709 14,957 21,709 14,957 – subsidiaries’ directors – fees 28 27 – – – other emoluments 6,529 4,896 580 1,450 Ex-gratia for a former director 1,000 – 1,000 – Goodwill on acquisition written off 19 3 – – Property, plant and equipment written off 5,754 3 – – Development expenditure written off 129 – – – Hiring charges 99 60 – – Rental of – office equipment 88 75 59 69 – premises 1,332 634 217 236 – motor vehicles 126 10 – – Foreign exchange loss – realised 4 4 – – – unrealised 46 – – – Preliminary expenses 30 15 – – Waiver of liquidated ascertained damages on late completion receivable from contractor 1,684 350 – – and crediting: Allowance for doubtful debts no longer required 208 65 – – Interest income 5,919 5,184 697 82 Gain on disposal of property, plant and equipment 675 743 22 166 Realised foreign exchange gain 46 – – – Rental received from operating leases other than those relating to investing properties 417 495 – 7 Liquidated ascertained damages on late completion receivable from contractor 1,279 614 – –
Page 1 and 2:
embracing Change Annual Report 2008
Page 3 and 4:
1 S P Setia Berhad Group Table of c
Page 5 and 6:
3 S P Setia Berhad Group CORPORATE
Page 7 and 8:
5 S P Setia Berhad Group
Page 9 and 10:
7 S P Setia Berhad Group GROUP FINA
Page 11 and 12:
9 S P Setia Berhad Group HALLMARKS
Page 13 and 14:
Page 15 and 16:
13 S P Setia Berhad Group Corporate
Page 17 and 18:
15 S P Setia Berhad Group CHAIRMAN
Page 19 and 20:
17 S P Setia Berhad Group Group Man
Page 21 and 22:
19 S P Setia Berhad Group GROUP MAN
Page 23 and 24:
21 S P Setia Berhad Group Setia Ala
Page 25 and 26:
23 S P Setia Berhad Group REVIEW OF
Page 27 and 28:
25 S P Setia Berhad Group REVIEW OF
Page 29 and 30:
Page 31 and 32:
29 S P Setia Berhad Group World Env
Page 33 and 34:
Page 35 and 36:
Page 37 and 38:
Page 39 and 40:
Page 41 and 42:
39 S P Setia Berhad Group Executive
Page 43 and 44:
41 S P Setia Berhad Group 50% Green
Page 45 and 46:
43 S P Setia Berhad Group Profile o
Page 47 and 48:
45 S P Setia Berhad Group PROFILE O
Page 49 and 50:
47 S P Setia Berhad Group PROFILE O
Page 51 and 52:
Page 53 and 54:
Page 55 and 56:
Page 57 and 58:
Page 59 and 60:
57 S P Setia Berhad Group Audit Com
Page 61 and 62:
59 S P Setia Berhad Group Audit Com
Page 63 and 64:
61 S P Setia Berhad Group Financial
Page 65 and 66:
63 S P Setia Berhad Group DIRECTORS
Page 67 and 68:
65 S P Setia Berhad Group Directors
Page 69 and 70:
67 S P Setia Berhad Group Directors
Page 71 and 72:
69 S P Setia Berhad Group REPORT OF
Page 73 and 74:
71 S P Setia Berhad Group CONSOLIDA
Page 75 and 76: 73 S P Setia Berhad Group CONSOLIDA
Page 77 and 78: 75 S P Setia Berhad Group CONSOLIDA
Page 79 and 80: 77 S P Setia Berhad Group BALANCE S
Page 81 and 82: 79 S P Setia Berhad Group STATEMENT
Page 83 and 84: 81 S P Setia Berhad Group CASH FLOW
Page 85 and 86: 83 S P Setia Berhad Group NOTES TO
Page 125: 123 S P Setia Berhad Group NOTES TO
Page 147 and 148: 145 S P Setia Berhad Group STATEMEN
Page 149 and 150: 147 S P Setia Berhad Group analysis
Page 151 and 152: 149 S P Setia Berhad Group analysis
Page 153 and 154: 151 S P Setia Berhad Group list of
Page 161 and 162: 159 S P Setia Berhad Group notice o
Page 163 and 164: OneMind : SP SETIA 08AR: 4rd Draft
Page 165 and 166: S P SETIA BERHAD (19698-X) (Incorpo
Page 167 and 168: group directory HEAD OFFICE S P SET
show all

Change - S P Setia Berhad

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

Delete template?

Save as template?