trustworthy - Manulife Insurance Berhad

section 11
TRANSACTION DETAILS
123
The following is a summary of the past performance of MIB based on audited financial
statements for the last 3 years:
As at
year Ended 31 December
31 October 2011 2010 2009 2008
(RM’000) (RM’000) (RM’000) (RM’000)
Shareholders’ Funds 324,651 272,954 208,969 189,060
Turnover 491,978 595,572 574,759 163,195
Profit before Tax 66,660 74,470 70,568 48,895
Profit after Tax 52,905 59,500 52,094 39,060
Paid-up Share Capital 150,000 150,000 150,000 150,000
Manulife Technology & Services Sdn Bhd (MTS)
MTS is a global IT shared service centre for the Manulife group of companies in Asia and
North America.
As at 31 October 2011, MTS has a paid-up capital of RM2,300,000 and shareholders’
funds of RM13,165,197.
The following is a summary of the past performance of MTS (consolidated basis) based
on audited financial statements for the last 3 years:
As at
year Ended 31 December
31 October 2011 2010 2009 2008
(RM) (RM) (RM) (RM)
Paid-up Share Capital 2,300,000 2,300,000 2,300,000 2,300,000
Shareholders’ Funds 13,165,197 12,020,385 11,242,878 11,858,305
Turnover 16,852,630 17,960,011 11,328,978 10,223,590
Profit before Tax 1,173,086 694,224 (572,236) 4,339,782
Profit after Tax 1,144,812 777,507 (615,427) 4,289,068
(b) Duties of the Manager’s Delegate
MHB is responsible for the functions relating to compliance, internal audit, human
resource, finance, corporate secretarial and legal.
The functions relating to product development and marketing will be provided by MIB.
MTS is responsible for providing information technology services.