annual report - Tenaga Nasional Berhad

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Key HighlightsUnit Demand Growth +4.7% – Group+6.1% – TNBRevenue Growth +10.4% 27.4% increase in Generation costOperating Expenses +22.5% Increase in R&M and depreciationexpensesNet Profit attributable RM2,594.0 million 36.1% declineto Equity HoldersEBITDA Margin 29.5% 37.6% last year[ Tenaga Nasional Berhad ] [ Annual Report 2008 ]20ROA 4.6% Based on adjusted net profitTotal Debt RM22.7 billion Reduction from RM24 billionas at 31 August 2007Capex RM4.9 billion RM5.2 billion last year
Five-Year Performance Highlights2008 2007 2006 2005 2004GroupFinance (RM’ million)Total Revenue 25,750.6 23,320.4 20,384.2 18,977.5 17,712.1Profit Before Taxation and Zakat# 3,025.2 4,765.9 2,756.8 1,818.9 1,482.7Property, Plant and Equipment 58,333.4 57,382.9 55,201.3 54,721.0 53,443.7GenerationGroup Installed Capacity (MW) 11,941.8* 11,514.5* 11,464.8 11,497.8 11,137.5Sales Of ElectricityTotal Units Sold (GWh) 90,650.2 86,545.0 82,214.8 78,933.4 72,921.4Sales Revenue (RM’ million) 24,190.1 22,384.0 19,707.4 18,326.4 17,219.4CustomersTotal Number of Customers 7,329,727 7,068,329 6,814,523 6,582,374 6,323,719Employees (Group)Total Number of Employees 29,210 28,822 28,067 27,727 26,989ShareholdersTotal Number of BumiputeraShareholders 6,177 5,865 5,943 5,971 6,526Total Number ofNon-Bumiputera Shareholders 22,467 17,516 17,318 14,935 15,726Total Number ofInstitutional Shareholders 600 539 586 577 497Total Number of Foreign Shareholders 1,116 1,242 1,067 1,379 715Total Number of Government AgencyShareholders 24 26 28 35 42Total Number of Nominee CompanyShareholders 4,153 3,656 3,814 6,080 4,717Dividends (Gross) 20.0 sen 36.3 sen 14.8 sen 16.2 sen 18.2 senFinancial RatiosDebt-Equity (Net of Cash) Ratio 0.68 0.78 1.19 1.69 1.94Earnings Per Share – Basic (sen) 59.87 94.92 52.52 32.01 26.1Net Assets Per Share (sen) 592 554 470 499 460# The financials for 2004 to 2005 have not been adjusted for the adoption of FRS 101-Presentation of Financial Statements* (Figure includes TNB, Sabah Electricity Sdn Bhd and Liberty Power Limited)[ Tenaga Nasional Berhad ] [ Annual Report 2008 ]21
Page 1 and 2: annual report2008
Page 3 and 4: Conversion to more energy efficient
Page 5 and 6: Configure the air conditioner by se
Page 7 and 8: MissionWe are committed to excellen
Page 10 and 11: About Us[ Tenaga Nasional Berhad ]
Page 12 and 13: Corporate Award Highlights[ Tenaga
Page 14 and 15: Corporate Award HighlightsThe Brand
Page 16 and 17: Corporate Award Highlights12. Malay
Page 18 and 19: Notice Of Annual General Meeting[ T
Page 20 and 21: Notice Of Annual General MeetingEXP
Page 24 and 25: Corporate Performance ChartsProfit
Page 26 and 27: FY2008 Core RevenueFY2008 Total RM2
Page 28 and 29: Operational StatisticsSales Of Elec
Page 30 and 31: [ Tenaga Nasional Berhad ] [ Annual
Page 32 and 33: Chairman’s Letter To Shareholders
Page 34 and 35: Chairman’s Letter To Shareholders
Page 36 and 37: President /CEO’s Review[ Tenaga N
Page 38 and 39: President/CEO’s ReviewRising To T
Page 40 and 41: President/CEO’s Review[ Tenaga Na
Page 42 and 43: President/CEO’s Review[ Tenaga Na
Page 44 and 45: President/CEO’s ReviewOur investm
Page 46 and 47: GenerationTransmissionDistributionF
Page 48 and 49: GenerationMoving forward, Generatio
Page 50 and 51: Operations Review - Generation Divi
Page 58 and 59: Ir. Ab’llah bin Haji Mohd SallehV
Page 60 and 61: Operations Review - Transmission Di
Page 63 and 64: TEWAPERLISKGARBKTRCIMATo SDAOBKHMKh
Page 65 and 66: To focus on its core businessactivi
Page 67 and 68: D i s t r i b u t i o n D i v i s i
Page 69 and 70: Voice Recorder (IVR) and IPTelephon
Page 71 and 72: continues to carry out operations a
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SUMMARY OF OPERATIONSFinancial Perf
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The Division actively monitored the
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As always, TNB invites thefinancial
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Operational Summaryi.Regulatory and
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Operational SummaryIn order to meet
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Operational ImprovementsEfficiency
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Divisional GoalsThe Planning Divisi
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could pose environmentalissue as a
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As it moves forward to a newera, MT
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In preparation for stiffercompetiti
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Razali bin AwangChief Information O
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The Division had also contributedit
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Awards and AccoladesICT Chief Infor
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Operational Improvements• e-Biddi
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local products. An awarenessprogram
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Divisional GoalsFollowing a major r
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Human ResourceManagementApart from
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Human Resources DivisionWith a manp
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• Installation of polymeric132 kV
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Major Projects DivisionUnder the 9
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Organisation DevelopmentDivisionPro
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Vegetation and MaintenanceManagemen
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Dato’ Fuad bin Jaafar(Independent
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Associate /Investment CompaniesJIMA
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Calendar Of Corporate EventsNovembe
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Calendar Of Corporate EventsMay 200
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Media Highlights[ Tenaga Nasional B
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Statement Of Corporate GovernanceTo
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Statement Of Corporate GovernanceRo
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Statement Of Corporate Governance[
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Statement Of Corporate Governance(b
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Statement Of Corporate Governance[
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Statement Of Corporate Governance(7
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Enterprise Wide Risk ManagementTNB
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Enterprise Wide Risk Management3. M
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Statement Of Internal ControlBoard
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Statement Of Internal Control[ Tena
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Board Audit Committee Report[ Tenag
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Terms Of Reference Of The Board Aud
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Terms Of Reference Of The Board Aud
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Board Of Directorsfrom left to righ
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Profile Of DirectorsTan Sri Leo Mog
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Profile Of DirectorsDato’ Puteh R
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Profile Of DirectorsDato’ Zainal
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Group Executive Council Committee -
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Group Executive Management Committe
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Corporate Social Responsibility[ Te
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Other Services - Productivity And Q
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Statement Of Environment[ Tenaga Na
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Financial Statements[ Tenaga Nasion
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Directors’ ReportRESERVES AND PRO
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Directors’ ReportDIRECTORS’ BEN
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Income Statementsfor the financial
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Balance Sheetsgroup Companynote 200
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Statement Of Changes In Equitynon-d
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Cash Flow Statementsgroup Company20
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Notes To The Financial Statements2
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Statement by Directorspursuant to S
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Independent Auditors’ Reportto th
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Analysis Of Shareholdingsas at 9 Oc
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Analysis Of Shareholdings30 LARGEST
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Analysis Of Unsecured Convertible R
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Property List- generation[ Tenaga N
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Property List- distribution[ Tenaga
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StampSymphony Share Registrars Sdn.
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annual report - Tenaga Nasional Berhad

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