Notice of Annual General Meeting - Company Announcements ...

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HWANG-DBS (MALAYSIA) BERHAD (238969-K) 44 Annual Report 2009 Directors’ Report For The Financial Year Ended 31 July 2009 The directors submit their report together with the audited financial statements of the group and of the company for the financial year ended 31 July 2009. PRINCIPAL ACTIVITIES The principal activity of the company during the financial year is that of investment holding. The principal activities of the subsidiaries during the financial year are investment and commercial banking, stockbroking, futures broking, management of unit trust funds and corporate funds, moneylending and the provision of related financial services, as set out in note 17 to the financial statements. There have been no significant changes in the nature of these activities during the financial year other than those disclosed in note 17 to the financial statements. FINANCIAL RESULTS Group Company RM’000 RM’000 Profit for the financial year attributable to:- Equity holders of the company 31,290 34,475 Minority interests 3,074 - 34,364 34,475 In the opinion of the directors, the results of the operations of the group and of the company during the financial year were not substantially affected by any item, transaction or event of a material and unusual nature except as disclosed in note 7 to the financial statements. DIVIDENDS The dividend paid by the company since the end of the previous financial year is as follows:- RM’000 In respect of the financial year ended 31 July 2008:- Final dividend of 5 sen gross per share, less current income tax at 25%, paid on 22 December 2008:- - as shown in the Directors’ Report for the financial year ended 31 July 2008 9,569 The directors now recommend the payment of a first and final dividend in respect of the financial year ended 31 July 2009 of 5 sen gross per share, less current income tax at 25%, amounting to RM9,568,796 based on the issued and paid-up share capital (less treasury shares) of the company as at 31 July 2009, which is subject to the approval of the shareholders at the forthcoming Annual General Meeting of the company. This proposed dividend will be accounted for in the shareholders’ equity as an appropriation of retained profits in the financial year ending 31 July 2010 when approved by the shareholders. RESERVES AND PROVISIONS All material transfers to or from reserves or provisions during the financial year have been disclosed in the financial statements.
SHARES REPURCHASED Annual Report 2009 45 HWANG-DBS (MALAYSIA) BERHAD (238969-K) During the financial year, the company repurchased 10,000 of its issued shares from the open market to enhance the value of the company and in the best interests of the company and its shareholders, as disclosed in note 28 to the financial statements. EXECUTIVE SHARE OPTION SCHEME The company implemented an Executive Share Option Scheme (“ESOS”) for the eligible executives of Hwang-DBS Group on 10 February 2004. The ESOS is governed by the by-laws which were approved by the company’s shareholders at the Extraordinary General Meeting held on 21 November 2003. Details of the ESOS are as disclosed in note 28 to the financial statements. The ESOS had expired on 9 February 2009 and no options were granted by the company during the financial period. ISSUE OF SHARES There were no issue of shares in the company during the financial year. DIRECTORS The directors in office since the date of the last report are:- Dato’ Seri Hwang Sing Lue Hwang Lip Teik Y.A.M. Tunku Dato’ Seri Nadzaruddin Ibni Almarhum Tuanku Ja’afar Ang Teik Siew (Ang Teik Lim Eric) Kankipati Rajan Raju Ong Eng Kooi Y.A.M. Tengku Syed Badarudin Jamalullail Ng Wai Hung Andrew Mohamed Tarmizi Tun Dr. Ismail (appointed on 13 January 2009) Dato’ Seri Hwang Sing Lue and Ong Eng Kooi who are above seventy years of age will retire pursuant to Section 129(2) of the Companies Act, 1965 at the forthcoming Annual General Meeting and offer themselves for re-appointment in accordance with Section 129(6) of the Companies Act, 1965 to hold office until the conclusion of the next Annual General Meeting.
Page 1 and 2: HWANG-DBS (MALAYSIA) BERHAD (238969
Page 3 and 4: Poised For Expansion Our momentum o
Page 5 and 6: AGENDA As Ordinary Business 1. To r
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Page 11 and 12: DEAR SHAREHOLDERS, On the back of t
Page 13 and 14: HDBSIM’s assets under management
Page 15 and 16: PROSPECTS AND OUTLOOK Although ther
Page 17 and 18: Earnings Per Share (Sen) 05 06 07 0
Page 19 and 20: DATO’ SERI HWANG SING LUE Annual
Page 21 and 22: Hwang Lip Teik, aged 52, a Malaysia
Page 23 and 24: Ng Wai Hung, Andrew, aged 47, a nat
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Page 27 and 28: (f) Directors’ Remuneration Annua
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Page 37 and 38: • the going-concern assumption;
Page 41 and 42: Thirty Largest Shareholders (cont
Page 43 and 44: Directors’ Shareholdings In the C
Page 45: Reports & Financial Statements Dire
Page 49 and 50: DIRECTORS’ BENEFITS Annual Report
Page 51 and 52: REPORT ON THE FINANCIAL STATEMENTS
Page 55 and 56: Note The accompanying notes form an
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Page 63 and 64: 2 Basis of preparation of the finan
Page 65 and 66: 3 Summary of significant accounting
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Page 77 and 78: 7 Securities held-for-trading Annua
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22 Intangible assets (cont’d) Gro
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28 Share capital (cont’d) Group a
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29 Reserves (cont’d) (a) Share pr
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31 Interest income Loans, advances
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34 Other operating expenses Annual
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37 (Allowance)/Write back of allowa
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40 Earnings per share (cont’d) Gr
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43 Significant related party balanc
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44 Capital adequacy (a) Capital ade
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44 Capital adequacy (cont’d) (c)
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45 Capital expenditure commitments
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47 Segmental information (cont’d)
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48 Financial instruments (cont’d)
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49 Fair value of financial instrume
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51 Significant events during the fi
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51 Significant events during the fi
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Annual Report 2009 141 HWANG-DBS (M
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Proxy Form I / We, NRIC No. (IN BLO
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