2001 Annual Report - Kian Joo Can

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NOTES TO THE FINANCIAL STAT E M E N T S 31 December 2001 ( c o n t ’ d ) 11. OTHER CREDITORS AND ACCRUALS (cont’d) Note (a) Company Retirement benefit RM'000 At 1 January 2001 3,400 Utilised during the year (365) Underprovision in previous year 92 Current year's provison 36 At 31 December 2001 3,163 (b) Retirement Benefit The Group has a defined retirement scheme and provision is made at contracted rates for benefits that would become payable on retirement of eligible employees. (c) Solid Waste Disposal The Group has to dispose off solid waste in accordance with environmental requirements. A provision has been made for estimated solid waste based on service provider's price quotation. 12. HIRE PURCHASE CREDITOR Group 2001 2000 RM'000 RM'000 Amount repayable: 35 44 Amount payable more than 12 months (26) (35) Amount payable within 12 months 9 9 The commitment terms of more than one year under hire purchase agreement are summarised as follows:- Gross amounts payable within: Group 2001 2000 RM'000 RM'000 1 year after balance sheet date 12 12 More than 1 year but not later than 2 years 12 12 More than 2 years but not later than 5 years 21 33 45 57 Less : Unexpired interest (10) (13) 35 44 Less : Portion payable within 12 months (9) (9) 26 35 KIAN JOO CAN FACTORY BERHAD (3186-P) 2001 / Annual Report . 47
NOTES TO THE FINANCIAL STAT E M E N T S 31 December 2001 ( c o n t ’ d ) 13. BANK BORROWINGS (UNSECURED) Group Company 2001 2000 2001 2000 RM'000 RM'000 RM'000 RM'000 Bank borrowings: - Bankers' acceptances 16,029 20,837 - - - Bank overdrafts 6,404 5,937 940 792 - Term loans - current portion (Note 16) - 9,135 - - 22,433 35,909 940 792 The bank overdrafts of the Group are secured by a negative pledge on the assets of certain subsidiary companies. The bank overdrafts bear interests at 6.90% to 7.30% (2000 : 7.05% to 10.05%) per annum. Bankers' acceptances bear interests at rates between 2.90% to 3.00% (2000 : 2.85% to 3.50%) per annum. 14. SHARE CAPITAL Number of ordinary shares of RM0.50 each Group/Company 2001 2000 2001 2000 RM'000 RM'000 RM'000 RM'000 Authorised: Ordinary shares of RM0.50 each 200,100,000 200,100,000 100,000 100,000 Issued and fully paid: Ordinary shares of RM0.50 each 115,720,117 115,720,117 57,860 57,860 15. RESERVES Group Company 2001 2000 2001 2000 Note RM'000 RM'000 RM'000 RM'000 Non-distributable reserves: Reserves arising from revaluation of: Land and buildings 7,844 12,357 2,276 2,276 Goodwill written-off 7 - (4,513) - - 7,844 7,844 2,276 2,276 Capital reserve (Note a) 4,480 4,480 - - Reserve on consolidation 6,466 4,814 - - Goodwill written-off 7 - (4,814) - - 6,466 - - - Distributable reserve: Retained profit (Note b) 410,937 392,326 138,965 127,608 At 31 December 429,727 404,650 141,241 129,884 48 . Annual Report / 2001 KIAN JOO CAN FACTORY BERHAD (3186-P)
Page 1 and 2: (Incorporated In Malaysia) (3186-P)
Page 3 and 4: NOTICE OF Annual General Meeting NO
Page 5 and 6: CORPORATE Information DIRECTORS Y.A
Page 7 and 8: FIVE YEAR Financial Highlights 2001
Page 9 and 10: PROFILE OF Directors YAM TUNKU NAQU
Page 11 and 12: PROFILE OF Directors (Cont’d) SEE
Page 13 and 14: Corporate Governance Statement (Con
Page 15 and 16: Corporate Governance Statement (Con
Page 17 and 18: AUDIT COMMITTEE Report MEMBERSHIPS
Page 19 and 20: AUDIT COMMITTEE Report (Cont’d) S
Page 21 and 22: CHAIRMAN’S Statement (Cont’d) G
Page 23 and 24: D I R E C T O R S ’ R e p o r t T
Page 25 and 26: D I R E C T O R S ’ R e p o r t (
Page 27 and 28: D I R E C T O R S ’ R e p o rt (
Page 29 and 30: STATEMENT BY DIRECTORS Pursuant to
Page 31 and 32: BALANCE SHEETS as at 31 December 20
Page 33 and 34: CONSOLIDATED STATEMENT OF CHANGES I
Page 35 and 36: C O N S O L I D ATED CASH FLOW STAT
Page 37 and 38: CASH FLOW STAT E M E N T for the ye
Page 39 and 40: NOTES TO THE FINANCIAL STAT E M E N
Page 47: NOTES TO THE FINANCIAL STAT E M E N
Page 59 and 60: LIST OF PROPERT I E S as at 31 Dece
Page 61 and 62: A N A LYSIS OF SHAREHOLDINGS as at
Page 63 and 64: D A I N R A E C LYSIS T O R S OF
Page 65: Please fold here Affix stamp here T

2001 Annual Report - Kian Joo Can

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