board of directors - Petron

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STATEMENT OF CHANGES IN EQUITYFOR THE YEAR ENDED DECEMBER 31, 2001Issued and fully paidordinary stock of RM0.50 each Non-distributablecapital DistributableNumber of Nominal redemption retainedordinary stock unit value reserves profits Total’000 RM'000 RM'000 RM'000 RM'000At December 31, 2000 270,000 135,000 8,000 227,365 370,365Net Profit - - - 182,481 182,481At December 31, 2001 270,000 135,000 8,000 409,846 552,846At December 31, 1999 270,000 135,000 8,000 205,492 348,492Net Profit - - - 21,873 21,873At December 31, 2000 270,000 135,000 8,000 227,365 370,365ANNUAL REPORT & ACCOUNTS 2001ESSO MALAYSIA BERHAD26
STATEMENT OF CASH FLOWSFOR THE YEAR ENDED DECEMBER 31, 2001Note 2001 2000RM'000 RM'000CASH FLOWS FROM OPERATING ACTIVITIESNet profit attributable to shareholders 182,481 21,873Adjustments for:Depreciation on property, plant and equipment 65,949 61,060Amortisation of intangible assets 827 -Tax expense 74,024 16,753Interest income (264) (247)Interest expense 27,606 33,899Provision for retirement benefits 5,574 6,848(Gain)/Loss on disposal of property, plant and equipment (469) 1,479Changes in:Increase in inventories (37,355) (2,313)Increase in receivables (94,934) (12,134)Decrease / (Increase) in amounts due from related companies 30,849 (75,747)(Decrease) / Increase in amounts due to related companies (94,611) 35,900Increase in payables 35,222 23,543Cash generated from operations 194,899 110,914Interest paid (28,295) (34,249)Interest received 264 247Income taxes paid (12,719) -Retirement benefits/severance expenses paid (6,125) (1,964)Net cash from operating activities 148,024 74,948CASH FLOWS FROM INVESTING ACTIVITIESPurchase of property, plant and equipment (174,402) (59,669)Purchase of intangible assets (4,876) (12,746)(Increase)/Decrease in long term assets and receivables (4,101) 4,801Proceeds from disposal of property, plant and equipment 1,282 1,020Net cash used in investing activities (182,097) (66,594)CASH FLOWS FROM FINANCING ACTIVITIESProceeds from / (Repayment of) short-term borrowings 24,000 (7,000)Repayment of long-term borrowings - (29,750)Net cash from / (Net cash used in) financing activities 24,000 (36,750)NET DECREASE IN CASH AND CASH EQUIVALENTS (10,073) (28,396)CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 172 28,568CASH AND CASH EQUIVALENTS AT END OF YEAR 19 (9,901) 172ANNUAL REPORT & ACCOUNTS 200127ESSO MALAYSIA BERHAD
Page 1 and 2: ESSO MALAYSIA BERHAD(Company No.392
Page 3 and 4: FINANCIAL HIGHLIGHTS2001 2000 %RM M
Page 5 and 6: The Retail business benefited signi
Page 8 and 9: FIVE - YEAR SUMMARY CHARTSREVENUES(
Page 10 and 11: BOARD OF DIRECTORSY. Bhg. Dato’ (
Page 12 and 13: CORPORATE INFO./PROFILE OF DIRECTOR
Page 14 and 15: CORPORATE GOVERNANCEThe Board of Di
Page 16 and 17: Directors' Remuneration (Continued)
Page 18 and 19: Relationship with AuditorsThe Board
Page 20 and 21: TERMS OF REFERENCE OF THE BOARD AUD
Page 22 and 23: REPORT OF THE DIRECTORSThe Director
Page 24 and 25: DIRECTORS' INTERESTS IN SHARES AND
Page 26 and 27: INCOME STATEMENTFOR THE YEAR ENDED
Page 30 and 31: NOTES TO THE FINANCIAL STATEMENTS1.
Page 32 and 33: 2. SUMMARY OF SIGNIFICANT ACCOUNTIN
Page 34 and 35: 8. PROPERTY, PLANT AND EQUIPMENT (C
Page 36 and 37: 12. RECEIVABLES2001 2000RM'000 RM'0
Page 38 and 39: 18. RESERVES (Continued)The Company
Page 40 and 41: STATEMENT BY DIRECTORS PURSUANT TOS
Page 42 and 43: LIST OF PROPERTIES OWNEDAS AT DECEM
Page 44 and 45: Tenure L.A. Description of Properti
Page 46 and 47: STATEMENT ACCOMPANYING NOTICE OF AN
Page 48 and 49: PENYATA YANG DILAMPIRKAN BERSAMA NO
Page 50 and 51: My instruction to my/our proxy are

board of directors - Petron

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