Annual Report - Bina Puri

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Notes to and Forming Part of the Financial Statements (Cont’d)27. BANK BORROWINGS (Cont’d)The effective interest rates per annum of the bank borrowings are as follows:GroupCompany2007 2006 2007 2006% % % %Bankers’ acceptances, revolving credits andtrust receipts 3.40 to 9.25 3.40 to 9.25 5.12 to 5.37 5.19 to 7.61Bank overdrafts 7.65 to 9.25 7.65 to 9.25 8.50 8.50The bank borrowings are secured by the following:- Fixed charges over those charged property, plant and equipment and prepaid lease payments referred to in Notes3 and 4 respectively and floating charges over the entire assets of certain subsidiaries,- A negative pledge over the assets of the Company,- Deeds of assignment over the proceeds of contracts awarded to the Group.The unsecured bank borrowings are guaranteed by the Company.28. GROSS REVENUEGroupCompany2007 2006 2007 2006RM’000 RM’000 RM’000 RM’000Contract revenue 443,969 385,334 23,032 11,836Sale of goods 115,882 80,670 – –Property development revenue from sale ofdevelopment units 35,625 7,219 8,135 2,546Management fees 12,393 18,348 16,637 20,698607,869 491,571 47,804 35,08088 BINA PURI HOLDINGS BHDAnnual Report 2007
Notes to and Forming Part of the Financial Statements (Cont’d)29. COST OF SALESGroupCompany2007 2006 2007 2006RM’000 RM’000 RM’000 RM’000Contract costs 430,455 379,259 20,932 9,550Cost of goods sold 100,133 68,946 – –Property development costs relating to developmentunits sold 33,186 5,652 5,894 2,285563,774 453,857 26,826 11,83530. PROFIT FROM OPERATIONSProfit from operations is stated after charging:GroupCompany2007 2006 2007 2006RM’000 RM’000 RM’000 RM’000Allowance for doubtful debts 69 701 – –Amortisation of prepaid lease payments 110 109 8 8Auditors’ remuneration- current year 189 175 30 25- underestimated in prior year 24 1 5 –Bad debts written off – 67 – –Depreciation of property, plant and equipment 7,615 8,538 760 746Directors’ fees- directors of the Company 243 243 243 243- directors of a subsidiary 457 49 – –Directors’ remuneration other than fees- directors of the Company 2,471 2,125 1,395 1,227- directors of subsidiaries 770 741 – –Loss on disposal of expressway development project 1,700 – 1,700 –Loss on foreign exchange- realised – 31 1 31- unrealised 40 – 20 –Property, plant and equipment written off 30 37 – –Rental expenses- operating leases 300 300 – –- land and premises 667 600 – –- motor vehicles 43 98 – –- machinery and equipment 7,326 11,297 – –Research and development expenditure – 60 – –BINA PURI HOLDINGS BHDAnnual Report 200789
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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
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Group Financial Highlights2007 2006
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Calendar of Events 2007-2008 (Cont
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Audit Committee ReportMember of the
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Audit Committee Report (Cont’d)RE
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Corporate Governance Statement (Con
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Corporate Governance Statement (Con
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Internal Control StatementThe Malay
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Responsibility Statement by the Boa
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Directors’ ReportFor the year end
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Directors’ Report (Cont’d)DIREC
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Page 42 and 43: Balance Sheets31 December 2007Group
Page 44 and 45: Income StatementsFor the year ended
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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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Annual Report - Bina Puri

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