Pg 147 - Berjaya Corporation Berhad

More documents

Recommendations

Info

Contents 1 2 3 9 12 18 20 21 22 25 28 30 106 118 118 119 121 127 128 132 Corporate Profile Corporate Information Profile of Directors Chairman’s Statement CEO’s Review of Operations Corporate Structure Group Financial Summary Group Financial Highlights Audit Committee Report Statement on Corporate Governance Statement on Internal Control Financial Statements List of Properties Material Contracts Additional Information Group Addresses Recurrent Related Party Transactions of Revenue Nature Statement of Directors’ Shareholdings Statistics on Shares and Convertible Securities Notice of Annual General Meeting Form of Proxy Our Mission and Vision To generate consistently profitable returns for our shareholders from investments in core business activities:- • By providing direction, financial resources and management support for each operating unit; • Through establishing a major market presence for each activity; • Through dynamic and innovative management, teamwork and a commitment to excellence. The corporate logo comprises the word BERJAYA and a symbol made up of closely interwoven Bs. It is set in rich cobalt blue. BERJAYA means “success” in Bahasa Malaysia and reflects the success and Malaysian character of the Group’s traditional core businesses. The intertwining Bs of the symbol represent our strong foundations and the constant synergy taking place within the Group. Each B faces a different direction, depicting the varied strengths of the companies that make up the Berjaya Group. Taken in totality, the corporate logo signifies Strength in Diversity.
Berjaya Land Berhad (201765-A) Annual Report 2005 1 Corporate Profile Berjaya Land Berhad (“BLand”) was incorporated in 1990 to implement the Restructuring Scheme undertaken by Sports Toto Malaysia Bhd (“Sports Toto”) whereby the entire paid-up capital of Sports Toto was acquired by BLand. Simultaneously, BLand made major acquisitions of various property and leisure activities which was funded via a Rights and Special Issue. Berjaya Langkawi Beach & Spa Resort, Kedah - Superior Chalet. Sports Toto was incorporated in 1969 by the Malaysian Government for the purpose of running Toto betting under Section 5 of the Pool Betting Act, 1967. It was privatised in 1985 when its Chief Executive Officer, Tan Sri Dato’ Seri Vincent Tan Chee Yioun, through his private company acquired 70% of the paid-up capital. Sports Toto was listed on Bursa Malaysia Securities Berhad (formerly known as Kuala Lumpur Stock Exchange) in July 1987. Subsequently in November 1987, RekaPacific Berhad (formerly known as Berjaya Industrial Berhad) (“RekaPacific”) completed a general offer for Sports Toto which resulted in Sports Toto becoming a subsidiary of RekaPacific. On 11 October 1996, Berjaya Group Berhad (“BGroup”) completed the purchase of Teras Mewah Sdn Bhd (“TMSB”), a wholly-owned subsidiary company of RekaPacific. TMSB had on 28 August 1996 completed the purchase of the entire shareholding in BLand from RekaPacific comprising approximately 247.5 million ordinary shares, 49.8 million warrants and RM82.8 million Irredeemable Convertible Unsecured Loan Stocks for a total consideration of approximately RM931.1 million. As a result, BLand became a direct subsidiary of BGroup. In the financial year ended 30 April 2003, the Group’s interest in subsidiary, Berjaya Sports Toto Berhad was diluted making it an associated company of the Group. Today, with a total employee strength of over 5,100, the Group’s core activities are as follows:- KL Plaza, Kuala Lumpur. • Vacation Timeshare, Hotels, Resorts and Recreation Development; • Property Investment and Development; and • Gaming and Lottery Management. The Group’s financial growth over the past 20 years is highlighted below:- 30-4-2005 31-12-1985 20 Years’ Annualised Million Million Increase RM US$ RM US$ (%) Revenue 668.9 176.0 76.0 20.0 39 Pre-tax Profit 140.6 37.0 5.0 1.3 136 Shareholders’ Funds 3,522.9 927.1 1.0 0.3 17,610 Total Assets 6,930.4 1,823.8 12.7 3.3 2,724 Total No. of Employees 5,150 431 Exchange rate: US$1.00 = RM3.80
Page 4 and 5: Berjaya Land Berhad (201765-A) 2 An
Page 12 and 13: Berjaya Land Berhad (201765-A) 10 A
Page 14 and 15: 12 Berjaya Land Berhad (201765-A) A
Page 52 and 53:
Berjaya Land Berhad (201765-A) 50 A
Page 54 and 55:
Page 56 and 57:
Page 58 and 59:
Page 60 and 61:
Page 62 and 63:
Page 64 and 65:
Page 66 and 67:
Page 68 and 69:
Page 70 and 71:
Page 72 and 73:
Page 74 and 75:
Page 76 and 77:
Page 78 and 79:
Page 80 and 81:
Page 82 and 83:
Page 84 and 85:
Page 86 and 87:
Page 88 and 89:
Page 90 and 91:
Page 92 and 93:
Page 94 and 95:
Page 96 and 97:
Page 98 and 99:
Page 100 and 101:
Page 102 and 103:
Berjaya Land Berhad (201765-A) 100
Page 104 and 105:
Page 106 and 107:
Page 108 and 109:
Page 110 and 111:
Page 112 and 113:
Page 114 and 115:
Page 116 and 117:
Page 118 and 119:
Page 120 and 121:
Page 122 and 123:
Page 124 and 125:
Page 126 and 127:
Page 128 and 129:
Page 130 and 131:
Page 132 and 133:
Page 134 and 135:
Page 136 and 137:
Page 138 and 139:
Fold this flap for sealing Affix St
show all

Pg 147 - Berjaya Corporation Berhad

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

Delete template?

Save as template?