Goldis Berhad Annual Report 2013

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Audit Committee Report (cont’d) The Chief Financial Officer, the Head of Internal Audit and a representative of the External Auditors should normally attend meetings. Other Board members and employees may attend meetings upon the invitation of the Audit Committee. The Company Secretary shall be the Secretary of the Audit Committee and shall circulate the minutes of meeting of the Audit Committee to all members of the Board. ACTIVITIES UNDERTAKEN BY THE AUDIT COMMITTEE The Audit Committee has discharged its duties as set out in its Term of Reference. The major areas reviewed by the Audit Committee during the financial year ended 31 January 2013 were as follows: (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) (l) (m) Reviewed the audit plan, audit strategy and scope of work of the external auditors; Reviewed with the external auditors the results of the audit, the audit report and the management letter, including management response; Reviewed and approved the internal audit plan and scope of work of the internal auditors; Reviewed the internal audit reports which highlighted audit issues with recommendations and management’s response; Reviewed the internal audit reports arising from the follow-up reviews following each audit; Reviewed the competency and resources of the internal auditors; Reviewed the audited financial statements and recommended the same to the Board for approval; Reviewed the quarterly financial results for announcement to Bursa Malaysia Securities Berhad and recommended the same to the Board for approval; Reviewed the adequacy and integrity of the internal control system; Reviewed the risk management programme to safeguard the companies’ assets; and Reviewed the related party transactions entered into by the Group. Met with the external auditors at least twice during the financial year without the presence of any executive Board member; Reviewed and noted the Progress Reports of the Internal Audit Plan. EMPLOYEES’ SHARE OPTION SCHEME There was no allocation of options during the financial year ended 31 January 2013. The Employees’ Share Option Scheme had expired on 19 May 2012. INTERNAL AUDIT FUNCTION The Audit Committee is assisted by the in-house Group Internal Audit Department (GIAD) in discharging its duties and responsibilities. The GIAD function is considered an integral part of the assurance framework and its primary mission is to provide assurance on the adequacy and effectiveness of the risk, control and governance framework of the Group. The purpose, authority and responsibility of the GIAD function as well as the nature of the assurance and consultancy activities provided by the department are articulated in the internal audit charter. The GIAD reports directly to the Audit Committee who reviews and approves the annual audit plan, financial budget and human resource requirements to ensure that the function is adequately resourced with competent and proficient internal auditors. During the year, the GIAD conducted various internal audit engagements in accordance with the annual audit plan that is consistent with the Group’s goals. The GIAD evaluates the adequacy and effectiveness of key controls in responding to risks within the organisation, governance, operations and information systems. The GIAD also plays an active advisory role on risk analysis and control consultation. The total cost incurred in managing the GIAD for the financial year ended 31 January 2013 was RM394,081.98. 36 GOLDIS BERHAD (515802-U)
Reports and Financial Statements For the Financial Year Ended 31 January 2013 38 | 43 | 45 | 46 | 48 | 54 | 57 | 77 | 153 | 154 | | Directors’ Report Income Statements Statements of Comprehensive Income Statements of Financial Position Statements of Changes In Equity Statements of Cash Flows Summary of Significant Accounting Policies Notes to the Financial Statements Statement by Directors Independent Auditors’ Report Proxy Form
Page 3 and 4: CONTENTS 02 | 09 | Chairman’s Let
Page 5 and 6: Chairman’s Letter to Shareholders
Page 7 and 8: ANNUAL REPORT 2013 5
Page 9 and 10: Macro Kiosk Berhad (“Macro Kiosk
Page 11 and 12: Corporate Information BOARD OF DIRE
Page 13 and 14: Notice Of The Thirteenth Annual Gen
Page 15 and 16: Notice Of The Thirteenth Annual Gen
Page 17 and 18: 2009 2010 2011 2012 2013 RM’000 R
Page 19 and 20: Profile of Board of Directors (cont
Page 21 and 22: Statement of Corporate Governance (
Page 29 and 30: Corporate Social Responsibility (
Page 31 and 32: Corporate Social Responsibility (
Page 33 and 34: Statement on Risk Management and In
Page 35 and 36: Audit Committee Report The Board is
Page 37: Audit Committee Report (cont’d) (
Page 41 and 42: Directors’ Report For The Financi
Page 43 and 44: Directors’ Report For The Financi
Page 45 and 46: Income Statements For The Financial
Page 47 and 48: Statements of Comprehensive Income
Page 49 and 50: Statements of Financial Position As
Page 51 and 52: Statements of Changes in Equity For
Page 57 and 58: Statements of Cash Flows For The Fi
Page 59 and 60: Summary of Significant Accounting P
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Analysis of Shareholdings as at 10
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PROXY FORM CDS account no. of autho
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Goldis Berhad Annual Report 2013

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