annual report 2011 - Kian Ann Engineering Pte Ltd

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CORPORATE GOVERNANCE Directors’ Attendance at Board and Board Committee Meetings for FY2011 Board Meeting Audit Committee Meeting Nominating Committee Meeting Remuneration Committee Meeting Name of Director Low Han Cheong 5 5 - - - - - - Law Peng Kwee 5 4 - - - - - - Kevin Law Cher Chuan 5 5 - - - - - - Loy Soo Chew 5 5 - - - - - - Lim Ho Seng 5 5 4 4 1 1 2 2 Ng Cher Yan 5 5 4 4 1 1 2 2 Lau Hwee Beng 5 5 4 4 - - - - Tan Ngiap Joo 5 5 4 4 1 1 2 2 Disclosure of Remuneration Remuneration of Directors for FY2011 are as follows: Name Directors’ fee Salary Variable Bonuses Other Benefits Total $1,250,000 to below $1,500,000 Law Peng Kwee - 21% 77% 2% 100% $750,000 to below $1,000,000 Low Han Cheong - 28% 69% 3% 100% $250,000 to below $500,000 Kevin Law Cher Chuan 3% 46% 46% 5% 100% Loy Soo Chew 4% 45% 45% 6% 100% Below $250,000 Lim Ho Seng 100% - - - 100% Ng Cher Yan 100% - - - 100% Lau Hwee Beng 100% - - - 100% Tan Ngiap Joo 100% - - - 100% Remuneration Band of all Key Executives of the Company and subsidiaries for FY2011 are as follows: Name Salary Variable Bonuses Other Benefits Total Below $250,000 Donald Low Shao Wei 57% 31% 12% 100% David Tan Wee Kok 63% 28% 9% 100% Florence Low Fei Lin 56% 24% 20% 100% Allan Ang Gim Hoon 56% 33% 11% 100% Low Yeow Tuan 60% 30% 10% 100% Sam Teo Kia Tiong 58% 32% 10% 100% Raymond Tan Gim Hin 84% 16% - 100% Daniel Loh Yong Ngon 92% 8% - 100% Fang Qing Li 80% 20% - 100% Ivan Lin Kar Hock 57% 35% 8% 100% Ling Kah Lock 53% 38% 9% 100% Handoko Harsono Widjaja 80% 6% 14% 100% No other employee of the Group who is an immediate family member of a Director or the Managing Director received remuneration exceeding $150,000 during the financial year ended 30 June 2011, except for Mr Donald Low Shao Wei who is the son of the Chairman and a Key Executive of the Company. 20 KIAN ANN ENGINEERING LTD ANNUAL REPORT 2011
FINANCIAL REPORT 22 Directors’ Report 24 Statement by Directors 25 Independent Auditors’ Report 26 Statements of Financial Position 27 Consolidated Income Statement 28 Consolidated Statement of Comprehensive Income 29 Statements of Changes in Equity 31 Consolidated Statement of Cash Flow 32 Notes to the Financial Statements KIAN ANN ENGINEERING LTD ANNUAL REPORT 2011 21
Page 1 and 2: KIAN ANN ENGINEERING LTD ANNUAL REP
Page 3 and 4: OUR MISSION We are guided by our Fo
Page 5 and 6: UNDERCARRIAGE Undercarriage forms a
Page 7 and 8: HYDRAULIC SEAL KITS Kian Ann offers
Page 9 and 10: BOARD OF DIRECTORS 7 4 3 6 1. MR LO
Page 11 and 12: GROUND ENGAGING TOOLS (GET) GET pro
Page 13 and 14: 5-YEAR FINANCIAL SUMMARY RESULTS OF
Page 15 and 16: CORPORATE GOVERNANCE The Company is
Page 17 and 18: The NC, regulated by a set of writt
Page 19 and 20: (viii) Consider other matters as re
Page 21: The Company also adopts the materia
Page 25 and 26: Directors’ interests in shares an
Page 27 and 28: INDEPENDENT AUDITORS’ REPORT FOR
Page 29 and 30: CONSOLIDATED INCOME STATEMENT FOR T
Page 31 and 32: STATEMENTS OF CHANGES IN EQUITY FOR
Page 33 and 34: CONSOLIDATED STATEMENT OF CASH FLOW
Page 35 and 36: 2. Significant accounting policies
Page 55 and 56: 3. Property, plant and equipment (c
Page 57 and 58: 3. Property, plant and equipment (c
Page 59 and 60: 4. Investment properties (cont’d)
Page 61 and 62: 6. Goodwill 2011 $’000 Group 2010
Page 63 and 64: 7. Subsidiary companies (cont’d)
Page 65 and 66: 10. Inventories Group Company 2011
Page 67 and 68: 11. Trade and other receivables (co
Page 69 and 70: 14. Marketable securities 2011 $’
Page 71 and 72: 16. Trade and other payables (cont
Page 73 and 74:
17. Loans and borrowings (cont’d)
Page 75 and 76:
19. Share capital Group and Company
Page 77 and 78:
21. Revenue 2011 $’000 Group 2010
Page 79 and 80:
27. Taxation 2011 $’000 Group 201
Page 81 and 82:
30. Commitments and contingencies (
Page 83 and 84:
31. Financial risk management objec
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
32. Fair value of financial instrum
Page 95 and 96:
32. Fair value of financial instrum
Page 97 and 98:
34. Capital management The primary
Page 99 and 100:
35. Segment information (cont’d)
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STATISTICS OF SHAREHOLDINGS AS AT 2
Page 103 and 104:
NOTICE OF ANNUAL GENERAL MEETING NO
Page 105 and 106:
(b) unless varied or revoked by the
Page 107 and 108:
KIAN ANN ENGINEERING LTD [Company R
Page 109 and 110:
This page is intentionally left bla
Page 112 and 113:
Kian Ann Building 7 Changi South La
Page 114 and 115:
TABLE OF CONTENTS HEADING PAGE NO.
Page 116 and 117:
DEFINITIONS “Share Buyback” : B
Page 118 and 119:
LETTER TO SHAREHOLDERS 2.2 Rational
Page 120 and 121:
LETTER TO SHAREHOLDERS (d) Maximum
Page 122 and 123:
LETTER TO SHAREHOLDERS 2.6.3 The li
Page 124 and 125:
LETTER TO SHAREHOLDERS On the basis
Page 126 and 127:
LETTER TO SHAREHOLDERS Notes: (1) N
Page 128 and 129:
LETTER TO SHAREHOLDERS Notes: (1) N
Page 130 and 131:
LETTER TO SHAREHOLDERS 4. TAKE-OVER
Page 132 and 133:
LETTER TO SHAREHOLDERS 4.2.2 Effect
Page 134:
LETTER TO SHAREHOLDERS 9. DOCUMENTS
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