Directors - Boustead Holdings Berhad

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Notes to the Financial Statements 23. RECEIVABLES 118 Group Company 2006 2005 2006 2005 RM’000 RM’000 RM’000 RM’000 Trade receivables 455,826 370,410 3,878 1,164 Less: provision for doubtful debts (55,913) (60,735) –– –– 399,913 309,675 3,878 1,164 Dividends receivable 1,500 –– 14,942 7,722 Deposits 49,815 41,886 9,124 3,724 Prepayments 4,507 16,329 309 236 Income tax receivable 82,759 80,006 72,834 76,115 Proceeds receivable from disposal of plantation assets to Al-Hadharah <strong>Boustead</strong> REIT 400,150 –– –– –– Proceeds receivable from disposal of property, plant and equipment 24,005 26,088 –– –– Advances to smallholders scheme 14,472 13,464 –– –– Other receivables 49,472 49,653 5,240 9,620 Amounts due from Subsidiaries –– –– 560,546 457,914 Amounts due from Associates 65,568 19,133 37,021 3,949 Amounts due from related companies 22,446 1,075 7 15 Amount due from holding corporation –– 3 –– –– 1,114,607 557,312 703,901 560,459 The Group’s normal trade credit terms range from payment in advance to 90 days. Other credit terms are assessed and approved on a case by case basis. Amounts due from Subsidiaries are stated after provision for doubtful debts of RM10.23 million (2005: RM7.18 million). Amounts due from Subsidiaries and Associates are unsecured, bear interest at a weighted average rate of 6.6% (2005: 6.3%) per annum and have no fixed terms of repayment. Amounts due from related companies are trade balances which are unsecured and interest free, with repayment in accordance with normal trading terms.
24. DEPOSITS, CASH AND BANK BALANCES Group Company 2006 2005 2006 2005 RM’000 RM’000 RM’000 RM’000 Deposits with financial institutions 17,300 172,709 –– –– Cash held under Housing Development Accounts 30,781 29,726 –– –– Cash and bank balances 142,472 153,941 8,263 6,602 190,553 356,376 8,263 6,602 The deposits are on call, and carry a weighted average interest rate of 3.2% (2005: 2.7%) per annum. 25. NON-CURRENT ASSETS HELD FOR SALE The disposal of Lepan Kabu Estate and Lepan Kabu Palm Oil Mill to Al-Hadharah <strong>Boustead</strong> REIT as described in Note 42(a) is pending the completion of certain procedures and registration process as well as approvals from the relevant authorities. The Group envisaged that the procedures as well as approvals shall take place within the next 12 months. Accordingly, the carrying amount of these plantation assets totalling RM29.99 million has been re-classified to non-current assets held for sale. 26. SHARE CAPITAL 2006 2005 ’000 RM’000 ’000 RM’000 Authorised: Ordinary shares of RM0.50 each 1,000,000 500,000 1,000,000 500,000 Issued and fully paid ordinary shares of RM0.50 each: At beginning of year 592,089 296,045 579,539 289,770 Issued for cash pursuant to ESOS 6,180 3,090 12,550 6,275 At end of year 598,269 299,135 592,089 296,045 119
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www.boustead.com.my Boustead Holdin
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annual report
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Standing from left Y. BHG. LT. GEN.
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Y. BHG. TAN SRI DATO’ LODIN WOK K
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Y. BHG. DATUK AZZAT KAMALUDIN Non-I
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Corporate Calendar FINANCIAL YEAR 1
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En Hussin Abdul Jalil Boustead Esta
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Puan Azizah Aris Boustead Emasewa P
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Audit Committee Report Attendance N
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ACTIVITIES DURING THE FINANCIAL YEA
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THE BOARD OF DIRECTORS IS COMMITTED
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The composition of the Board and th
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Remuneration Committee The Board ha
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Internal Control The information on
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RISK MANAGEMENT The Board recognise
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MONITORING AND REVIEW OF THE ADEQUA
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2006 2005 2004 2003 2002 Gearing Bo
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It is often said that change is the
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AL-HADHARAH BOUSTEAD REIT The key h
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OUTLOOK AND PROSPECTS Barring unfor
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Chief Executive’s Review Each yea
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The Al-Hadharah Boustead REIT has b
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Financial Highlights Average Prices
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As one of the leading GLCs and key
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Financial Highlights 1,750 1,400 1,
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This shopping and dining haven was
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Financial Highlights 1,500 1,200 90
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Patrol vessel undergoing sea trial
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Financial Highlights 3,500 2,800 2,
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95 Hospital Angkatan Tentera under
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Financial Highlights 1,000 800 600
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University of Nottingham Malaysia C
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Directors’ Report The Directors h
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Directors’ Report DIRECTORS’ IN
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Statement of Directors’ Interest
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Notice of Annual General Meeting NO
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Notice of Annual General Meeting SP
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Notice of Annual General Meeting wh
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Statement Accompanying Notice of An
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Boustead Management Services Sdn Bh
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Directors - Boustead Holdings Berhad

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