Annual Report - Bina Puri

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Executive Chairman’sStatementDato’ Mohamed Feisal bin Ibrahim, D.P.M.P“I am pleased to present Bina Puri Holdings Berhad’s Annual Reportand Financial Statements for the Company and the Group in respectof the year ended 31 December 2007.”10 BINA PURI HOLDINGS BHDAnnual Report 2007
Executive Chairman’s Statement (Cont’d)• On the international front,we have managed to secure projectsin Middle East and South Asia. In United Arab Emirates, theGroup with our joint venture partner, Syarikat PermodalanKebangsaan Berhad, secured the construction works worth ofequivalent to RM444 million for 2 Towers of a residential,commercial and recreational development in May 2007. Wewere also awarded the contract of about RM186 million for theconstruction of 174 units of housing for Defence Raya Golf andCountry Club, Lahore, Pakistan in August 2007.BUSINESS OUTLOOK AND PROSPECTS 2008Bina Puri Holdings Berhad remains committed to its objectives ofdelivering a steady growth in earnings to our shareholders.For 2008 and in the medium term, the construction industry inMalaysia is expected to show stable prospects. The Government’splanned expenditure as highlighted in the Ninth Malaysia Plan(9MP) is expected to take place at the pace that we saw for theEighth Malaysia Plan. We see the construction industry as beingrelatively unaffected by the obvious slowdown in the US economy.Grace Garden Condominium, Kota Kinabalu, Sabah.FINANCIAL RESULTSFor the year ended 31 December 2007, Bina Puri HoldingsBerhad’s results for the year were satisfactory, we recorded a 24%increase in our revenue of RM607.9 million as compared toRM491.6 million recorded in 2006. Correspondingly, profit beforetax increased by 33% to RM8.5 million as compared with theRM6.4 million recorded in the previous year, while earnings pershare ended at 8.60 sen (2006 : 6.33 sen).Our Group continues to pursue diversification in our portfolio ofconstruction jobs. This means that our earnings within Malaysia arewell balanced between the public sector and private sector, whileour international operations are mainly in Thailand, other ASEANcountries, Middle Eastern and South Asian countries.Further for long term sustainability, Bina Puri Holdings Bhdtogether with our partner secured the toll concession from theGovernment of Malaysia for the KL-Kuala Selangor Expressway.FOUNDATION FOR GROWTHWe achieved several milestones in 2007, which I believe positionsour Group for solid prospects in terms of our future growth.• We are proud recipients of the Contractors Award 2007,presented by Construction Industry Development Board(CIDB) in recognition of our operational skills for theconstruction of a 39-storey building for 180 units of the CapitalSquare Condominiums in Kuala Lumpur.• We have completed a number of projects in Malaysia with totalvalue of RM611.5 million, among these, Grace GardensCondominiums, Sabah in February 2007, the Jalan Sipitang-Tenom roadworks, Sabah, in April 2007, the Capital SquareCondominiums and Retail Centres as well as the SignatureOffices in Kuala Lumpur in June 2007, and the Pavement andRehabilitation works in Cheras for the Grand Saga highway inSeptember 2007.180 units of Capital Square Condominium, Kuala Lumpur.BINA PURI HOLDINGS BHDAnnual Report 200711
Page 2 and 3: MISSION• To be a world class orga
Page 4: Notice of Annual General MeetingNOT
Page 7 and 8: Corporate InformationBOARD OF DIREC
Page 10 and 11: Profile of Directors (Cont’d)Henr
Page 14 and 15: Executive Chairman’s Statement (C
Page 16 and 17: Review of Operations (Cont’d)OVER
Page 18 and 19: Review of Operations (Cont’d)ONGO
Page 20 and 21: Group Financial Highlights2007 2006
Page 22 and 23: Calendar of Events 2007-2008 (Cont
Page 24 and 25: Audit Committee ReportMember of the
Page 26 and 27: Audit Committee Report (Cont’d)RE
Page 28 and 29: Corporate Governance Statement (Con
Page 30 and 31: Corporate Governance Statement (Con
Page 32 and 33: Internal Control StatementThe Malay
Page 34 and 35: Responsibility Statement by the Boa
Page 36 and 37: Directors’ ReportFor the year end
Page 38 and 39: Directors’ Report (Cont’d)DIREC
Page 40 and 41: Directors’ Report (Cont’d)OTHER
Page 42 and 43: Balance Sheets31 December 2007Group
Page 44 and 45: Income StatementsFor the year ended
Page 46 and 47: Statement of Changes in EquityFor t
Page 48 and 49: Cash Flow Statements (Cont’d)Grou
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Notes to and Forming Part of the Fi
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Statement by DirectorsIn the opinio
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Thirty Largest ShareholdersAs at 31
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List of Properties 31 December 2007
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Group Corporate DirectoryBINA PURI
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Fold hereFold hereSTAMPBINA PURI HO
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