Pg 108 - Berjaya Corporation Berhad

More documents

Recommendations

Info

Notes To The Financial Statements30 April 200828 PROFIT BEFORE OTHER INCOME AND EXPENSES (CONT’D)(a) Directors’ remunerationThe aggregate Directors’ remuneration for Directors of the Company that are in office during the financial year receivedfrom the Group and the Company are as follows:FeesRM’000Benefitsin-kindRM’000Salariesand otheremolumentsRM’000Performanceincentive *RM’000BonusRM’000TotalRM’0002008Executive 8 95 4,998 - 1,205 6,306Non-executive 135 - 526 - 26 687143 95 5,524 - 1,231 6,9932007Executive 10 95 6,065 6,965 1,039 14,174Non-executive 135 - 364 - 26 525145 95 6,429 6,965 1,065 14,699* The performance incentive in the previous year was paid to Tan Sri Dato’ Seri Vincent Tan Chee Yioun (“TSVT”) asManaging Director/Chief Executive Officer of Sports Toto Malaysia Sdn Bhd (“STM”), a wholly-owned subsidiarycompany, pursuant to the performance incentive scheme that was effective since December 1988. The incentivescheme is calculated at the rate of 2% on the amount of STM’s annual audited net profit before tax that exceeds RM30million. For the previous financial year ended 30 April 2007, the total amount paid to TSVT (including contribution toEPF) amounted to RM12.015 million. TSVT had on 21 December 2006 resigned from the position of Chief ExecutiveOfficer of the Company.(b) Employee benefit expenses2008RM’000Group2007RM’0002008RM’000Company2007RM’000Wages, salaries and other allowances 47,052 45,445 1,075 926Social security costs and employee insurance 4,200 2,136 81 116Bonuses 7,552 6,810 179 87Pension costs- defined contribution plans 4,989 4,769 154 190- defined benefit plans (Note 21) 208 206 - -Provision for short term compensated absences 9 (32) 2 564,010 59,334 1,491 1,32429 INVESTMENT RELATED INCOME2008RM’000Group2007RM’0002008RM’000Company2007RM’000Gain on disposal of quoted investments - 3 - -Dividend income from investments 346 674 - -Fair value adjustments of investment properties (Note 7) 594 420 - -Reversal of impairment loss on quoted investments 2,270 - - -Reversal of impairment loss oninvestment in a subsidiary company - - - 35,0633,210 1,097 - 35,06380 Berjaya Sports Toto Berhad (9109-K) Annual Report 2008
Notes To The Financial Statements30 April 200830 INVESTMENT RELATED EXPENSES2008RM’000Group2007RM’0002008RM’000Company2007RM’000Impairment in value of investment in an associated company - - - 2Impairment in value of quoted investments 894 1,229 - -Impairment in value of unquoted investments 1,197 - - -Loss on disposal of quoted investments 906 - - -2,997 1,229 - 231 OTHER INCOME2008RM’000Group2007RM’0002008RM’000Company2007RM’000Other income comprise:Interest income on:- deposits 8,416 14,360 889 3,840- advances to penultimate holdingcompany and its subsidiary company 895 13,224 895 13,224- advances to subsidiary companies - - 1,275 1,180- short term investments 310 108 - -Others:- operating lease income 3,495 3,560 - -- miscellaneous 933 972 - -14,049 32,224 3,059 18,24432 FINANCE COSTS2008RM’000Group2007RM’0002008RM’000Company2007RM’000Interest on:- advances from a subsidiary company - - 37,945 37,804- borrowings 22,120 28,394 - -Other finance charges 310 352 310 41322,430 28,746 38,255 38,217Berjaya Sports Toto Berhad (9109-K) Annual Report 2008 81
Page 1 and 2:
LAPORAN TAHUNAN2008 ANNUAL REPORT
Page 4 and 5:
Corporate InformationBOARD OF DIREC
Page 6 and 7:
Profile of DirectorsHe was appointe
Page 8 and 9:
Profile of DirectorsHe was appointe
Page 10 and 11:
Toto Draw in Progress.Chairman’s
Page 12 and 13:
A voter inserting a complete paper
Page 14 and 15:
Ms. Nerine Tan and YB Dato’ Dr. N
Page 16 and 17:
14 Berjaya Sports Toto Berhad (9109
Page 18 and 19:
Significant Events of the Year12573
Page 20 and 21:
Group Financial SummaryDescription
Page 22 and 23:
Group Financial HighlightsRevenue (
Page 24:
Audit Committee ReportThe Board of
Page 27 and 28:
Statement on Corporate GovernanceTh
Page 29 and 30:
Statement on Internal ControlThe Bo
Page 31 and 32: Directors’ Reportfor the year end
Page 37 and 38: Statement by DirectorsPursuant To S
Page 39 and 40: Independent Auditors’ ReportTo Th
Page 41 and 42: Balance Sheetsas at 30 April 2008 (
Page 43 and 44: Statement of Changes in Equityfor t
Page 45 and 46: Statement of Changes in Equityfor t
Page 47 and 48: Cash Flow Statementfor the financia
Page 49 and 50: Notes To The Financial Statements30
Page 81: Notes To The Financial Statements30
Page 93 and 94: List of Propertiesas at 30 April 20
Page 95 and 96: Recurrent Related Party Transaction
Page 97 and 98: Statement of Directors’ Sharehold
Page 99 and 100: Statistics on Shareholdingsas at 22
Page 101 and 102: Notice of Annual General MeetingNOT
Page 103 and 104: Notice of Annual General MeetingAND
Page 105 and 106: Form of Proxyberjaya sports toto be
show all

Pg 108 - Berjaya Corporation Berhad

Create successful ePaper yourself

Delete template?

Save as template?