Full Version Guinness Anchor Berhad Annual Report 2007 - Gab

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Notes to the Financial Statementsfor the year ended 30 June 200722. Related parties (cont’d)Related party transactionsSignificant related party transactions other than those disclosed elsewhere in the financial statements are as follows:Diageo Plc F&N and its related Heinekenand its corporations and itsrelated APBL Other F&N relatedcorporations Group companies corporations2007 RM’000 RM’000 RM’000 RM’000Purchase of goods 17,458 59 16,718 890Sale of products 10,260 - 57 9,361Royalties payable 4,617 5,011 - 1,508Marketing and technical services payable 2,590 - - 127Marketing fees receivable - 5,320 - 5,8072006Purchase of goods 17,084 175 15,359 450Sale of products 10,205 - 71 6,620Royalties payable 4,537 4,377 - 1,016Marketing and technical services payable 2,559 - - 678Marketing fees receivable - 5,314 - -These transactions have been entered into in the normal course of business and have been established under negotiated terms.Guinness Anchor Berhad (Company No. 5350-X) Annual Report 2007122
Notes to the Financial Statementsfor the year ended 30 June 200723. Comparative figuresCertain comparative figures have been reclassified as a result of changes in accounting policies as stated in Note 2 and to conform with the presentation requirementsof FRS 101.GroupCompanyAsAsAs previously As previouslyrestated stated restated stated2006 RM’000 RM’000 RM’000 RM’000Balance sheetsNon-current assetsProperty, plant and equipment 213,789 228,414 203,085 217,710Prepaid lease payments 14,625 - 14,625 -Receivables 2,591 - 1,917 -Current assetsReceivables, deposits and prepayments 126,364 128,955 14,374 16,291Income statementsAmortisation of prepaid lease payment 256 - 256 -Depreciation of property, plant and equipment 26,364 26,620 23,806 24,062Cost of sales (688,441) (585,097) - -Distribution, marketing and selling expenses (122,972) (226,316) - -Leasehold land amounting to RM14,625,000 in 2006 was reclassified from property, plant and equipment to prepaid lease payments to comply with the requirementsof FRS 117, Leases and the other reclassifications are made to conform with current year presentation.Annual Report 2007123Guinness Anchor Berhad (Company No. 5350-X)
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A Perfect Equation for a Winning Bl
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Financial Highlights10 Years Financ
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Financial HighlightsDisposal of Rev
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Letter from ChairmanOvercoming Chal
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Letter from ChairmanWe hope the Gov
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Managing Director’s ReviewTaking
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Managing Director’s ReviewOur sol
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Surat Daripada PengerusiMengatasi C
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Surat Daripada PengerusiSeperti yan
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主席的话克服挑战领
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主席的话另一方面 ,
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Guinness Anchor Berhad (Company No.
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Corporate InformationDirectorsTan S
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Board of DirectorsTAN SRI SAW HUAT
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Board of DirectorsDATO’ JAFFAR IN
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Board of DirectorsDAVID HEGINBOTTOM
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Management ExecutivesCHARLES HENRY
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Management Review - Technical Highl
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Management Review - Technical Highl
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IconicBrands+ Strong Brand =EquityW
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“Winning Blend - Brands of Excell
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Brands of ExcellenceMaltaWholesome
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Management Review - Brand Highlight
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Corporate GovernanceThe Board is pl
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Corporate GovernanceNomination Comm
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Corporate Governanceto corporate an
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Corporate GovernanceDirectors’ Re
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Full Version Guinness Anchor Berhad Annual Report 2007 - Gab

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