ANNUAL REPORT 2012 - Wawasan TKH Holdings Berhad

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WAWASAN TKH HOLDINGS BERHAD (540218-A) ANNUAL REPORT 2012 085 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2012 (cont’d) 25. OPERATING SEGMENTS (cont’d) Reconciliations of reportable segment revenues, profit or loss, assets and liabilities to the Group’s corresponding amounts are as follows: (cont’d) Assets Total assets for reportable segments Current tax assets Group’s assets per consolidated statement of financial position Liabilities Total liabilities for reportable segments Current tax liabilities Deferred tax liabilities Group’s liabilities per consolidated statement of financial position 2012 RM’000 114,510 18 114,528 92,390 12 6,770 99,172 2011 M’000 125,856 918 126,774 97,462 13 7,063 104,538 Geographical information The Group’s manufacturing facilities and sales offices are mainly based in Malaysia and Singapore. In presenting information on the basis of geographical areas, segment revenue is based on the geographical location from which the sale transactions originated. Segment assets are based on the geographical location of the Group’s assets. The non-current assets do not include financial instruments and deferred tax assets. Revenue from external customers Malaysia Singapore Non-current assets Malaysia 2012 RM’000 54,407 - 54,407 2012 RM’000 97,005 2011 RM’000 69,202 1,138 70,340 2011 RM’000 101,187 Major customers The Group does not have major customers with revenue equal to or more than 10 percent of the revenue of the Group.
086 WAWASAN TKH HOLDINGS BERHAD (540218-A) ANNUAL REPORT 2012 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2012 (cont’d) 26. FINANCIAL INSTRUMENTS (a) Capital management The primary objective of the Group’s capital management is to ensure that entities of the Group would be able to continue as going concerns while maximising the return to shareholders through the optimisation of the debt and equity balance. The overall strategy of the Group remains unchanged from financial year ended 31 December 2011. The Group manages its capital structure and makes adjustments to it, in light of changes in economic conditions. The dividend payment or capital to shareholders may be adjusted or new shares may be issued in order to maintain or adjust the capital structure. No changes were made in the objectives, policies or processes during the financial years ended 31 December 2012 and 31 December 2011. The Group is not subject to any externally imposed capital requirements. Under the requirement of Bursa Malaysia Practice Note 17, the Group is required to maintain a consolidated shareholders’ equity equal to not less than 25 percent of the issued and paid up capital (excluding treasury shares, if any) and such shareholders’ equity is not less than RM40 million. The Group has complied with this requirement for the financial year ended 31 December 2012. The Group monitors capital using a gearing ratio, which is net debts divided by total capital plus net debts. Net debts of the Group include loans and borrowings, trade and other payables, less cash and bank balances. Capital represents equity attributable to the owners of the parent. In relation to this, the Group requires financial support from its corporate shareholder, WTKHSB to finance the Group’s operations and meet its obligations as and when they fall due. (b) Categories of financial instruments Group 2012 Loans and receivables RM’000 Total RM’000 Financial assets Trade and other receivables, net of deposits and prepayments Cash and cash equivalents 7,017 750 7,767 7,017 750 7,767 Financial liabilities Borrowings Trade and other payables Derivative liabilities Other financial liabilities RM’000 39,454 52,913 - Fair value through profit or loss RM’000 - - 23 Total RM’000 39,454 52,913 23 92,367 23 92,390 Company 2012 Loans and receivables RM’000 Financial assets Trade and other receivables, net of deposits and prepayments Cash and cash equivalents 9,650 11 9,661 Financial liabilities Trade and other payables Other financial liabilities RM’000 39,340
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WAWASAN TKH HOLDINGS BERHAD (540218
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002 CORPORATE INFORMATION BOARD OF
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004 CHAIRMAN’S STATEMENT (cont’
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006 DIRECTORS' PROFILE ____________
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008 DIRECTORS' PROFILE (cont’d) Y
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010 STATEMENT ON CORPORATE GOVERNAN
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016 STATEMENT ON RISK MANAGEMENT &
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018 AUDIT COMMITTEE REPORT (cont’
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020 WAWASAN TKH HOLDINGS BERHAD (54
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ANNUAL REPORT 2012 - Wawasan TKH Holdings Berhad

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