Pg 147 - Berjaya Corporation Berhad

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notes to thefinancial statements30 April 200635 COMMITMENTS (cont’d)(c) Non-Cancellable Operating Lease Commitments - Group as LessorGroup2006 2005RM’000 RM’000Future minimum rental receivable:Not later than 1 year 36,872 34,022Later than 1 year and not later than 5 years 19,152 27,54956,024 61,571The Group entered into commercial property leases on its investment properties portfolio consisting of commercial and officespace. These leases have remaining non-cancellable lease terms of between 1 and 3 years.36 SIGNIFICANT RELATED PARTY TRANSACTIONSGroupCompany2006 2005 2006 2005RM’000 RM’000 RM’000 RM’000(Advances to)/repayment from:- subsidiary companies - - (181,234) (30,618)- penultimate holding company a 3,904 17,303 535 20,082- related companies b (44,821) (10,510) (8,660) 3,224Repayment from/(to):- subsidiary companies - - 217,834 348,743- associated company c (176,993) (272,577) (176,993) (272,524)Share administration fees income receivable from:- Berjaya Capital Berhad b (668) (658) (377) (329)- Berjaya Group Berhad (“BGB”) a (130) (492) (8) (278)Rental of premises and related services receivable from:- Sun Media Corporation Sdn Bhd d (432) (757) - -- DiGi Telecommunications Sdn Bhd (“DTS”) e (625) (1,456) - -- Tai Thong Clubs and Hotel Catering Sdn Bhd f (941) (1,599) - -- Convenience Shopping Sdn Bhd g (1,928) (1,325) - -- Berjaya Starbucks Coffee Company (M) Sdn Bhd b (1,034) (1,002) - -- Berjaya Sports Toto Berhad c (719) (768) - -- Sports Toto Malaysia Sdn Bhd (“STMSB”) c (2,827) (2,802) - -- Inter-Pacific Securities Sdn Bhd b (1,287) (1,287) - -- MiTV Corporation Sdn Bhd (“MiTV”) h (1,496) (997) - -Security and related services receivable from:- STMSB c (1,204) (1,056) - -- DTS e (415) (804) - -Maintenance, management andadministration fees receivablefrom Berjaya General Insurance Berhad b (736) (736) - -Service charges and sinking fundspayable to Berjaya TS Management Sdn Bhd i 4,641 4,669 - -86Annual Report 2006Berjaya Land Berhad (201765-A)
36 SIGNIFICANT RELATED PARTY TRANSACTIONS (CONT’D)Nature of RelationshipsabcdefghiPenultimate holding company, BGB.Related companies/member companies of BCorp Group other than subsidiary companies of the Company.Associated company, Berjaya Sports Toto Berhad and its subsidiaries.A wholly owned subsidiary of Nexnews Berhad. Tan Sri Dato’ Seri Vincent Tan Chee Yioun (“Tan Sri Vincent Tan”), a substantialshareholder of Nexnews, is the Chairman of Nexnews Berhad and a director of Sun Media Corporation Sdn Bhd.A wholly owned subsidiary of DiGi.Com Berhad. Tan Sri Vincent Tan is deemed interested by virtue of his interests in DiGi.ComBerhad. He ceased to a major shareholder of DiGi.Com Berhad in October 2005.A wholly owned subsidiary of TT Resources Bhd. Tan Sri Dato’ Tan Chee Sing (“TSDT”) is the Executive Chairman and majorshareholder of TT Resources Bhd.A wholly owned subsidiary of Premier Merchandise Sdn Bhd, which in turn is a wholly owned subsidiary of Intan Utilities Berhad.Tan Sri Vincent Tan is a major shareholder of Intan Utilities Berhad.Deemed a related party by virtue of the direct and indirect interests of Tan Sri Vincent Tan and Dato’ Robin Tan Yeong Ching(“DRTYC”) in MiTV.A wholly owned subsidiary of Berjaya Times Square Sdn Bhd which in turn is a wholly-owned subsidiary of Matrix InternationalBerhad (“Matrix”). Tan Sri Vincent Tan is a major shareholder of Matrix. TSDT, a brother of Tan Sri Vincent Tan is also a deemedsubstantial shareholder of Matrix. DRTYC is a shareholder in Matrix and the son of Tan Sri Vincent Tan. TSDT and DRTYC arepersons connected with Tan Sri Vincent Tan.The above transactions were undertaken at mutually agreed terms between the parties in the normal course of business. All transactionshave been fully settled as at 30 April 2006 except for those disclosed in Notes 13 and 16 to the financial statements.All other significant intercompany transactions have been disclosed under Notes 3, 26, 29 and 30 to the financial statements andin the cash flow statements. These transactions were undertaken at mutually agreed terms between the companies in the normalcourse of business.Directors’ remuneration is disclosed in Note 27 to the financial statements.37 SEGMENTAL INFORMATIONThe Group is organised on a worldwide basis and presents its segmental information based on business segments:(i) gaming and related activities in the previous financial year;(ii) property development and property investment; and(iii) hotels, resorts and recreation.All inter-segment transactions were carried out in the normal course of business and established under negotiated terms.The geographical segment information is prepared based on the locations of assets. The segment revenue by geographical locationof customers does not differ materially from segment revenue by geographical location of assets.Unallocated assets/liabilities include items relating to investing and financing activities and items that cannot be reasonably allocatedto individual segment. These mainly include corporate assets, tax recoverable/liabilities, borrowings, hire purchase and leaseobligations.Other non cash items mainly include unrealised gain/loss on foreign exchange, write-off of property, plant and equipment, andallowance for bad and doubtful debts.Berjaya Land Berhad (201765-A) Annual Report 200687
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The corporate logo comprises the wo
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corporateinformationBOARD OF DIRECT
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profile ofdirectorsDATO’ ROBIN TA
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profile ofdirectorsKHOO WEI TONG @
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profile ofdirectorsDR. RAMACHANDRAN
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chairman’sstatementiv.On 23 Decem
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ceo’s reviewof operationsSun soak
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ceo’s reviewof operationsKL Plaza
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ceo’s reviewof operationsOn the w
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BERJAYA Land BERHADVacation Timesha
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group financialsummaryDescription 2
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audit committeereportThe Board of D
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audit committeereportg) To review a
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statement oncorporate governance(iv
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financialstatements31 Directors’
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directors’reportDIRECTORSThe name
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directors’reportDIRECTORS’ INTE
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Page 50 and 51: notes to thefinancial statements30
Page 108 and 109: list ofpropertiesas at 30 April 200
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Page 134 and 135: notice ofannual general meetingNOTI
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Fold this flap for sealingAffix Sta
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Pg 147 - Berjaya Corporation Berhad

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