directors - The Lion Group

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41. CASH AND CASH EQUIVALENTS Cash and cash equivalents included in the cash flow statements comprise the following balance sheet amounts: 92 The Group The Company 2005 2004 2005 2004 RM’000 RM’000 RM’000 RM’000 Cash and bank balances (Note 30) (unrestricted) 55,271 62,643 190 340 Fixed deposits with (Note 30): Licensed banks (unrestricted) 108,810 168,869 19,456 7,320 Licensed financial institutions – 1,400 – – Housing Development Accounts (Note 30) 20,072 16,284 10,964 11,140 Bank overdrafts (Note 34) (89,567) (52,071) – – 42. RELATED PARTY TRANSACTIONS 94,586 197,125 30,610 18,800 Related parties are entities in which certain Directors or substantial shareholders of the Company or its subsidiary companies or persons connected to such Directors or substantial shareholders have interest, excluding those parties disclosed in Notes 18, 19 and 29. Significant transactions undertaken with related parties are as follows: (a) Sales and purchase of goods and services and interest The Group The Company 2005 2004 2005 2004 Name of Company Nature RM’000 RM’000 RM’000 RM’000 Megasteel Sdn Bhd Sales of goods 1,320,704 564,500 – – Purchase of 893,914 456,894 – – goods, raw materials and consumables Interest income 8,064 5,538 – – Secomex Manufacturing Purchase of gases 6,879 – – – (M) Sdn Bhd Angkasa Hong Leong Sales of goods 35,935 79,783 – – Pte Ltd Purchase of 5,182 – – – raw materials Hubei Jinlongquan Purchase of – 15,091 – – (Group) Co Ltd group raw materials and consumables
The Group The Company 2005 2004 2005 2004 Name of Company Nature RM’000 RM’000 RM’000 RM’000 Bright Steel Sdn Bhd Sales of goods 15,853 14,452 – – Lion Holdings Pte Ltd Purchase of 194 9,593 – – raw materials Likom Computer Rental income 4,913 7,108 4,913 7,108 System Sdn Bhd Interest income 2,995 2,434 2,995 2,434 Silverstone Berhad Trade sales 372 2,235 – – Parkson Corporation Rental income 2,667 6,669 – – Sdn Bhd Lion Tooling Sdn Bhd Purchase of 4,212 2,943 – – tooling Singa Logistics Sdn Bhd Transportation 3,655 2,815 – – charges The outstanding balances arising from the above transactions are as follows: 93 The Group The Company 2005 2004 2005 2004 RM’000 RM’000 RM’000 RM’000 Receivables: Included in trade receivables 328,026 238,901 – – Included in other receivables 101,037 71,065 56,589 48,203 Payables: Included in trade payables 47,790 84 – – Included in other payables 14,618 14,836 225 1,190 The outstanding balances with related parties are either interest free or bear interest at 8% (2004: 1% or 8%) per annum and have no fixed terms of repayment. The Directors of the Company are of the opinion that the above transactions have been entered into in the normal course of business and have been established under terms that are no less favourable than those arranged with independent third parties.
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CONTENTS The inner pages are printe
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7.2 Proposed Renewal of Shareholder
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STATEMENT ACCOMPANYING NOTICE OF AN
Page 8 and 9:
DIRECTORS’ PROFILE Tan Sri Dato
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Cheng Yong Liang Non-Independent No
Page 12 and 13:
Supply of Information The Board mem
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Financial Reporting The Board aims
Page 16 and 17:
AUDIT COMMITTEE REPORT COMPOSITION
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ACTIVITIES DURING THE FINANCIAL YEA
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NOMINATION COMMITTEE Chairman : Y.
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THE GROUP’S BUSINESSES Advanced s
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CHAIRMAN’S STATEMENT On behalf of
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Beverage 2005 2004 RM’ Million RM
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(c) On 23 November 2004, the Compan
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RESERVES AND PROVISIONS There were
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DIRECTORS’ INTERESTS The Director
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AUDITORS The auditors, Messrs Deloi
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INCOME STATEMENTS FOR THE YEAR ENDE
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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 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: 39. RESERVES 91 The Group The Compa
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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