directors - The Lion Group

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22. EXPENDITURE CARRIED FORWARD 74 The Group The Company 2005 2004 2005 2004 RM’000 RM’000 RM’000 RM’000 At cost: At beginning of year 20,169 77,865 1,463 1,463 Addition during the year 3 1,635 – – Translation difference – 4 – – Disposal/liquidation of subsidiary companies (16,164) (50,302) – – Write-offs (1,323) (9,033) (1,323) – At end of year 2,685 20,169 140 1,463 Cumulative amortisation: At beginning of year (15,325) (28,246) (1,323) (1,323) Amortisation for the year (2,094) (10,126) – – Translation difference – (2) – – Disposal/liquidation of subsidiary companies 14,312 21,179 – – Write-offs 1,323 1,870 1,323 – At end of year (1,784) (15,325) – (1,323) Net 901 4,844 140 140 23. GOODWILL The Group 2005 2004 RM’000 RM’000 At cost: At beginning of year 499,394 505,242 Disposal of subsidiary companies – (5,796) Effect on dilution of subsidiary companies – (52) At end of year 499,394 499,394 Cumulative amortisation: At beginning of year (167,156) (148,651) Amortisation for the year (19,985) (20,117) Disposal of subsidiary companies – 1,590 Effect on dilution of subsidiary companies – 22 At end of year (187,141) (167,156) Net 312,253 332,238
24. INVENTORIES Inventories consist of the following: 75 The Group The Company 2005 2004 2005 2004 RM’000 RM’000 RM’000 RM’000 Property: Completed units for sale (net of provision for write down of RM4,266,000 (2004: RM1,771,000) for the Group) 10,696 6,416 43 43 Products at cost: Raw materials 453,529 386,463 – – Work-in-progress 6,090 13,067 – – Finished goods 310,344 183,907 – – General and consumable stores 124,003 94,385 – – Engineering spares 37,632 35,352 – – Trading merchandise 9,191 29,185 – – Goods-in-transit 123,970 72,512 – – 1,064,759 814,871 – – Less: Allowance for inventories obsolescence (7,707) (9,442) – – 1,057,052 805,429 – – Net 1,067,748 811,845 43 43 Certain of the Group’s inventories with carrying values totalling RM659.9 million (2004: RM488.8 million) have been charged as security for short-term borrowings (Note 34) and long-term borrowings (Note 36) obtained by the Group. Charges to inventories include depreciation of property, plant and equipment of RM2,670,000 (2004: RM2,178,000) and amortisation of plantation development expenditure of RM102,000 (2004: RM81,000).
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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 and 58: Receivables Trade and other receiva
Page 59 and 60: 7. DIRECTORS’ REMUNERATION Direct
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: 21. DEFERRED TAX ASSETS/LIABILITIES
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 ............
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