Full Version Guinness Anchor Berhad Annual Report 2009 - Gab

More documents

Recommendations

Info

60 GUINNESS ANCHOR BERHAD (5350-X) FINANCE DIRECTOR’S REVIEW High Beer Retail Prices Make Smuggling Attractive The huge differences in retail beer prices within the region, clearly increases the attractiveness and incentive for smuggling illegitimate beer into Malaysia from surrounding countries. High Duty Rate Contribution of Excise Duty to Retail Price Highest duty rate in Asia and 2nd highest in the world @ RM740 per HL The high retail beer price in Malaysia is due to the high excise duty rate (i.e. 48% of the retail price of a can of beer in Malaysia is contributed from alcohol related duty/taxes). Note: Off-trade beer prices from 2008 are used. Source: Deloitte Research & Analysis, Euromonitor, EIU. Comparison of retail price of beer China RM2.11 per can India RM2.26 per can Thailand RM1.78 per can Vietnam RM1.72 per can Philippines RM1.31 per can Indonesia RM3.70 per can Malaysia RM5.60 per can
GUINNESS ANCHOR BERHAD (5350-X) 61 GAB’S MARKET LEADERSHIP POSITION GAB Remains the Clear Market Leader Despite this extremely challenging operating environment, GAB has successfully achieved eight successive years of volume, revenue and profit growth. GAB continues to outperform the competition and remains the clear market leader. At the end of June 2009, GAB had captured 57% share of the MLM and a corresponding 69% share of the industry profit pool (for four quarters). GAB’s outstanding performance is a testament that its unwavering focus and strategic investment in the areas of People, Brands and Performance is continuing to pay off. Strong Cost Efficiencies Drive Net Profits GAB’s cost efficiency initiatives continue to contribute to its higher revenue and net profit: a creditable performance in the face of intense market competition, achieved through the unwavering efforts of its people, and the strength of its portfolio of brands. However, competition remains intense. Shareholder Value Creation GAB remains committed to returning a significant part of its earnings to its shareholders. In line with the Company’s strong performance for the financial year ended 30 June 2009, GAB is delivering total shareholder returns of 23%. GAB posted Earnings Per Share (EPS) of 47 sen and Net Dividend Per Share (NDPS) of 41 sen for the 2009 financial year, the highest values to date. In recognition of GAB’s commitment to creating good shareholder value, the Company was ranked tenth on the KPMG/The Edge Shareholder Value League Table 2008 - Top 100 listing (up from 18th place in 2007). In addition, GAB was ranked fourth in the Minority Shareholder Watchdog Group’s listing of foreignowned companies and was listed as being among the top 7% of all Malaysian public listed companies for good corporate governance. Source: Bursa Malaysia
Page 1 and 2:
leading... Annual Report 2009
Page 3 and 4:
...and moving from great good to Ou
Page 6 and 7:
OUR BRAND PORTFOLIO 4 GUINNESS ANCH
Page 8 and 9:
GUINNESS LEAGUE OF EXCELLENCE GAB w
Page 10 and 11:
88 GUINNESS ANCHOR BERHAD (5350-X)
Page 12 and 13: 10 GUINNESS ANCHOR BERHAD (5350-X)
Page 18 and 19: sharing 16 GUINNESS ANCHOR BERHAD (
Page 20 and 21: 18 18 GUINNESS ANCHOR BERHAD (5350-
Page 24 and 25: 22 22 GUINNESS ANCHOR BERHAD (5350-
Page 96 and 97: Directors’ Report for the year en
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:
Statutory Declaration pursuant to S
Page 134 and 135:
Page 136 and 137:
Page 138 and 139:
Page 140 and 141:
Page 142 and 143:
Page 144 and 145:
GUINNESS ANCHOR BERHAD (5350-X) 141
Page 146 and 147:
NOTES:- 1. For purposes of determin
Page 148:
Guinness Anchor Berhad (5350-X) Sun
show all

Full Version Guinness Anchor Berhad Annual Report 2009 - Gab

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

Delete template?

Save as template?