Annual Report - Bina Puri

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Notes to and Forming Part of the Financial Statements (Cont’d)6. INVESTMENTS IN SUBSIDIARIES (Cont’d)The subsidiaries, all of which are incorporated in Malaysia except where indicated, are as follows: (Cont’d)Gross equityinterestSubsidiaries of the Company 2007 2006 Principal activities% %Bina Puri (Libya) Sdn Bhd 80 100 Contractor of earthworks, building androad constructionKonsortium Bina Puri-Panzana 51 51 InactiveEnterprise Sdn BhdGugusan Murni Sdn Bhd 100 100 Property developer (no active development)Bina Puri Mining Ventures Sdn Bhd 60 60 Inactive*DPBS-BPHB Sdn Bhd 60 60 Investment holding and contractors ofearthworks, building and road constructionBina Puri Juara Sdn Bhd 100 100 Investment holdingBina Puri Gah Sdn Bhd 60 60 Inactive*Bina Puri Pakistan (Private) Ltd 99.97 – Contractor of earthworks, buildings and road(Incorporated in Pakistan)construction*Bina Puri (B) Sdn Bhd 100 – Contractor of earthworks, buildings and road(formerly known as DynacorpconstructionSdn Bhd, incorporated inNegara Brunei Darussalam)Subsidiaries of Bina Puri Sdn BhdBina Puri Machinery Sdn Bhd 100 100 Contractors for earthworks projectsBina Puri Construction Sdn Bhd 100 100 Contractors of earthworks, building and roadconstruction and property developmentEasy Mix Sdn Bhd 100 100 Producer of readymix concreteKarseng Industries & Engineering 70 70 Property developer (no active development)Sdn BhdSubsidiaries of Maskimi Sdn BhdSungai Long Industries Sdn Bhd 51 51 Quarry operator and contractor of roadpaving projectsKM Quarry Sdn Bhd 70 70 Quarry operator and contractor of roadpaving projectsMaskimi Polyol Sdn Bhd 90 90 Manufacturer of polyolMaskimi Venture Sdn Bhd 100 100 Commission agentHamay Glass Sdn Bhd 65 65 Inactive68 BINA PURI HOLDINGS BHDAnnual Report 2007
Notes to and Forming Part of the Financial Statements (Cont’d)6. INVESTMENTS IN SUBSIDIARIES (Cont’d)The subsidiaries, all of which are incorporated in Malaysia except where indicated, are as follows: (Cont’d)Gross equityinterestSubsidiary DPBS-BPHB Sdn Bhd 2007 2006 Principal activities% %*Konsortium DPBSH-BPHB-AGSB 55 55 Contractor of earthworks, building and roadSdn BhdconstructionSubsidiaries ofBina Puri Construction Sdn BhdLatar Project Management Sdn Bhd 60 60 Provision of project management services(operations suspended)*Bina Puri Cambodia Ltd 100 100 Inactive(Incorporated in Cambodia)*Bina Puri Development Sdn Bhd 100 60 Inactive*Bina Puri Vietnam Co. Ltd 100 100 Inactive(Incorporated in Vietnam)Subsidiary of Easy Mix Sdn BhdBina Puri Properties Sdn Bhd 100 100 Property developerSubsidiary of Sungai LongIndustries Sdn BhdSungai Long Bricks Sdn Bhd 100 100 Manufacturer of bricksSubsidiary of Sungai LongBricks Sdn BhdSungai Long Plaster Industries 100 100 Manufacturer of plaster cementSdn Bhd* Subsidiaries not audited by Moores Rowland or its associates.(a) Impairment test for investment in subsidiaries in the Company’s financial statementsThe Company reviews the carrying amounts of the investments in subsidiaries at each balance sheet date todetermine whether there is any indication of impairment. If such indication exists, impairment loss on the value ofthe investment is made to determine the recoverable amount of the investment.BINA PURI HOLDINGS BHDAnnual Report 200769
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MISSION• To be a world class orga
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Notice of Annual General MeetingNOT
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Corporate InformationBOARD OF DIREC
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Profile of Directors (Cont’d)Henr
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Executive Chairman’sStatementDato
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Executive Chairman’s Statement (C
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Review of Operations (Cont’d)OVER
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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
Page 50 and 51: Notes to and Forming Part of the Fi
Page 108 and 109: Statement by DirectorsIn the opinio
Page 110 and 111: Thirty Largest ShareholdersAs at 31
Page 112 and 113: List of Properties 31 December 2007
Page 114 and 115: Group Corporate DirectoryBINA PURI
Page 116: Fold hereFold hereSTAMPBINA PURI HO
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