directors - The Lion Group

More documents

Recommendations

Info

6. OTHER OPERATING INCOME/(EXPENSES) AND STAFF COSTS Other operating income/(expenses) comprise the following: 56 The Group The Company 2005 2004 2005 2004 RM’000 RM’000 RM’000 RM’000 Allowance for: Loss overprovided/(Foreseeable loss) on disposal of investment property 2,005 (17,000) – – Diminution in value of investment in quoted shares (18,000) (10,000) (4,000) (5,000) Doubtful trade and other receivables (5,990) (13,237) – (450) Obsolescence of inventories (7,431) (1,286) – – Rental of: Plant, machinery and equipment (6,761) (6,709) – – Jetties and leasehold land (3,642) (3,642) – – Premises (1,469) (1,382) (12) (70) Premises payable to related parties (831) (861) – – Loss on disposal of: Subsidiary company – – (5,367) – Associated companies (893) – – – Audit fees: Current year (485) (859) (39) (39) Underprovision in prior year – (1) – (3) Property, plant and equipment written off (114) (456) – – Loss on foreign exchange: Realised (74) (293) – – Unrealised – (185) – – Expenditure carried forward written off – (7,163) – – Impairment loss on property, plant and equipment – (3,448) – – Provision for compensation on late delivery – (597) – (597) Gain on foreign exchange: Realised 2,972 2,137 – – Unrealised 498 2,077 – – Allowance no longer required for: Obsolescence of inventories 13,795 – – – Cost to completion for property development projects 416 1,140 – – Doubtful trade and other receivables 1,875 811 – – Reversal of Group’s share of net liabilities of a subsidiary company under liquidation 9,421 – – – Gain on disposal of: Property, plant and equipment 1,784 911 68 – Quoted investment – 42 – – Interest income from Housing Development Accounts 354 249 199 148 Bad receivables recovered 192 35 – – Reversal of impairment losses on investment in subsidiary companies – – – 22,000 Staff costs include salaries, bonuses, contributions for defined contribution plans and all other staff related expenses, excluding Directors’ remuneration (Note 7). Contribution for defined contribution plans by the Group and the Company amounted to RM17,219,000 (2004: RM23,923,000) and RM625,000 (2004: RM519,000) respectively.
7. DIRECTORS’ REMUNERATION Directors’ remuneration of the Group and of the Company classified by executive and non-executive Directors are as follows: 57 The Group The Company 2005 2004 2005 2004 RM’000 RM’000 RM’000 RM’000 Executive Director: Fee 20 20 20 20 Salary and bonus 525 420 525 420 Defined contribution plans 71 59 71 59 616 499 616 499 Non-executive Directors: Fees 188 204 188 172 Salary, bonuses and allowances 134 849 24 24 Defined contribution plans 13 94 – – 335 1,147 212 196 Total 951 1,646 828 695 The estimated monetary value of benefits-in-kind received and receivable by the executive Director otherwise than in cash from the Group and the Company amounted to RM71,000 (2004: RM68,000). 8. FINANCE COSTS The Group The Company 2005 2004 2005 2004 RM’000 RM’000 RM’000 RM’000 Interest expense on: Term loans 94,508 107,098 – – LICB Bonds and USD Debts 27,712 28,870 31,425 33,547 Bills payable 10,388 7,889 – – Bank overdrafts 1,524 2,252 – – Lease and hire-purchase 194 119 21 – Advances from subsidiary companies – – 2,263 2,892 Related parties – 63 – 14 Others 5,685 7,615 1,875 1,876 140,011 153,906 35,584 38,329
Page 2 and 3:
CONTENTS The inner pages are printe
Page 4 and 5:
7.2 Proposed Renewal of Shareholder
Page 6 and 7:
STATEMENT ACCOMPANYING NOTICE OF AN
Page 8 and 9: DIRECTORS’ PROFILE Tan Sri Dato
Page 10 and 11: Cheng Yong Liang Non-Independent No
Page 12 and 13: Supply of Information The Board mem
Page 14 and 15: Financial Reporting The Board aims
Page 16 and 17: AUDIT COMMITTEE REPORT COMPOSITION
Page 18 and 19: ACTIVITIES DURING THE FINANCIAL YEA
Page 20 and 21: NOMINATION COMMITTEE Chairman : Y.
Page 22 and 23: THE GROUP’S BUSINESSES Advanced s
Page 24: CHAIRMAN’S STATEMENT On behalf of
Page 27 and 28: Beverage 2005 2004 RM’ Million RM
Page 29 and 30: (c) On 23 November 2004, the Compan
Page 31 and 32: RESERVES AND PROVISIONS There were
Page 33 and 34: DIRECTORS’ INTERESTS The Director
Page 35 and 36: AUDITORS The auditors, Messrs Deloi
Page 37 and 38: INCOME STATEMENTS FOR THE YEAR ENDE
Page 39 and 40: The Group The Company 2005 2004 200
Page 41 and 42: CASH FLOW STATEMENTS FOR THE YEAR E
Page 43 and 44: (ii) ANALYSIS OF DISPOSAL AND LIQUI
Page 45 and 46: The Company 43 2005 2004 Note RM’
Page 47 and 48: NOTES TO THE FINANCIAL STATEMENTS 1
Page 49 and 50: (f) On 24 February 2005, the Compan
Page 51 and 52: (iv) Beverage Division Gross invoic
Page 53 and 54: Property, Plant and Equipment Prope
Page 55 and 56: Associated Companies An associated
Page 57: Receivables Trade and other receiva
Page 61 and 62: 11. INCOME TAX (EXPENSE)/CREDIT Inc
Page 63 and 64: The Group ACCUMULATED DEPRECIATION
Page 65 and 66: The depreciation charge is allocate
Page 67 and 68: 17. LAND HELD FOR PROPERTY DEVELOPM
Page 69 and 70: 18. INVESTMENT IN SUBSIDIARY COMPAN
Page 71 and 72: The effects of the abovementioned d
Page 73 and 74: 20. LONG-TERM INVESTMENTS 71 The Gr
Page 75 and 76: 21. DEFERRED TAX ASSETS/LIABILITIES
Page 77 and 78: 24. INVENTORIES Inventories consist
Page 79 and 80: 27. TRADE RECEIVABLES 77 The Group
Page 81 and 82: 29. RELATED COMPANY TRANSACTIONS (a
Page 83 and 84: 30. DEPOSITS, CASH AND BANK BALANCE
Page 85 and 86: 33. LEASE AND HIRE-PURCHASE PAYABLE
Page 87 and 88: 85 The Group The Company 2005 2004
Page 89 and 90: (iii) proceeds from the redemption
Page 91 and 92: 37. DEFERRED LIABILITIES 89 The Gro
Page 93 and 94: 39. RESERVES 91 The Group The Compa
Page 95 and 96: The Group The Company 2005 2004 200
Page 97 and 98: The Group Timber 2005 Property extr
Page 99 and 100: (b) Geographical Segments: The Grou
Page 101 and 102: Financial Risk Management Objective
Page 103 and 104: 47. SUBSIDIARY COMPANIES The subsid
Page 105 and 106: Effective Percentage Name of Compan
Page 107 and 108: Effective Percentage Name of Compan
Page 109 and 110:
STATEMENT BY DIRECTORS The Director
Page 111 and 112:
INFORMATION ON LEVEL 1 SPONSORED AM
Page 113 and 114:
Tenure/ Net Date of Address Expiry
Page 115 and 116:
Tenure/ Net Date of Address Expiry
Page 117 and 118:
Registered Shareholders No. of Shar
Page 119 and 120:
OTHER INFORMATION (I) NON-AUDIT FEE
Page 121 and 122:
(IV) STATUS OF CONDITIONS IMPOSED B
Page 123 and 124:
(c) Issues Affecting the Joint-Vent
Page 125:
✄ FORM OF PROXY I/We ............
show all

directors - The Lion Group

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?