Content2011 - PETRONAS Gas Berhad

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Notes to the Financial Statements 31 MarCh 2011 17. Deferred Income 168 petronas gas berhad (101671-h) Note 2011 2010 Group/Company RM’000 RM’000 At 1 April 16,337 19,438 Addition 1,830 – Less: Recognised in the statement of comprehensive income (3,761) (3,101) At 31 March 14,406 16,337 Analysis of deferred income: Current 18 2,469 2,740 Non-current 11,937 13,597 14,406 16,337 Deferred income mainly refers to the payment received in advance from third party, related companies and related parties for the rights given to these parties to use the Company’s property, plant and equipment over a period of time. The deferred income is recognised on a time apportionment basis over the period. 18. Trade and Other Payables Group Company Note 2011 2010 2011 2010 RM’000 RM’000 RM’000 RM’000 Trade payables 18.1 184 154 184 154 Other payables and accruals 18.2 321,254 182,223 309,634 181,267 Amount due to related companies 18.3 14,441 7,861 14,441 7,861 Advance from minority shareholder 18.4 1,682 9,252 – – Deferred income 17 2,469 2,740 2,469 2,740 340,030 202,230 326,728 192,022 18.1 The credit period granted to the Company is 30 days (2010 - 30 days). 18.2 Included in other payables and accruals are amounts owing to suppliers and contractors for purchase of property, plant and equipment of approximately RM250,771,000 (2010 - RM167,750,000) for the Group and RM237,004,000 (2010 - RM164,985,000) for the Company. Also included in other payables are interest payable of RM3,835,000 (2010 - RM3,700,000). 18.3 The amounts due to related companies are non-trade in nature. These payables arose from the normal course of business. 18.4 The advance from minority shareholder relates to capital contribution which will be converted to ordinary share capital, upon obtaining necessary approvals from shareholders of KPSB.
Notes to the Financial Statements 31 MarCh 2011 19. Gross Profi t 169 annUaL report 2011 Note 2011 2010 Group/Company RM’000 RM’000 Revenue – gas processing fees 1,609,411 (*) – gas transportation fees 1,114,566 (*) Throughput fees 19.1 2,723,977 2,475,042 Sale of industrial utilities 800,975 746,801 Total 3,524,952 3,221,843 Cost of revenue – cost of gas processing 738,925 (*) – cost of gas transportation 366,495 (*) Cost of throughput fees 19.1 1,105,420 1,449,505 Cost of industrial utilities 632,359 593,978 Total 1,737,779 2,043,483 Gross profi t 1,787,173 1,178,360 19.1 On 31 March 2010, the Company entered into an Addendum to the <strong>Gas</strong> Processing and Transmission Agreement (GPTA) with <strong>PETRONAS</strong>, for the period of 1 April 2010 to 31 March 2014. It provides clearer demarcation of terms and remuneration structure between gas processing and transportation of gas. (*) Prior to 1 April 2010, the Company’s total remuneration under the GPTA was classifi ed as Throughput Services with no separation between gas processing and gas transportation remuneration.
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ANNUAL REPORT 2011 In 2011, PGB is
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Our Vision, Mission and Shared Valu
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Our Vision A World Class Gas and Ut
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The Sabah-Sarawak Gas Pipeline (SSG
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2,982.3 2007 1,281.2 1,247.0 2007 9
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Corporate Information Our Operation
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Gas Processing Plant Operations Div
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Miri Pipeline System Network Bintul
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Corporate and Management Directory
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Dato’ N. Sadasivan s/o N.N. Pilla
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Samsudin bin Miskon, a Malaysian ag
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Muri bin Muhammad, a Malaysian aged
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Lau Nai Tuang, a Malaysian aged 53,
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Farehana binti Hanapiah, a Malaysia
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Karima binti M Noor General Manager
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Karima binti Mohd Noor General Mana
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Muhamed Ali bin Hashim Mohamed Mana
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Ahmad Nawawi bin Mohd Yatim General
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Liza binti Mustapha Liza, aged 40,
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Performance Review Q&A with the Cha
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39 annual report 2011 The Board of
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41 annual report 2011 PGB’s entry
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43 annual report 2011 The company i
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Clear and precise communication bet
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47 annual report 2011 The Company c
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49 annUaL report 2011 CEO’s Busin
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GATEWAY TO THE NEXT HORIZON Unlocki
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mainly attributable to the enhanced
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KIMANIS POWER PLANT Power Play - Fl
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We can have the best equipment, the
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monumental success in spite of them
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Due to PGB’s extensive experience
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Apart from the Chairmanship, the ye
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Comparison between 3 rd Term GPTA a
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stAtements of ComPrehensive inCome
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Earnings Per Share and Net Dividend
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Performance of Shares For the Year
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Drive + Innovation + Technology = P
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75 annual report 2011
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Awards and Achievements With collec
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79 annUaL report 2011 Corporate Res
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Sustainability - The PGB Way As a r
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PGB continues to invest for the fut
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Engagement with international and d
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This includes the annual ACD assess
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The Company’s training programmes
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The regular monitoring sessions are
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KEEPING SAFE, KEEPING HEALTHY PGB c
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The Company continuously manages he
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The green initiative used pilot 3R
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AWARDS AND RECOGNITIONS RECEIVED To
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Apart from these, the students were
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A total of 65 CSR activities were c
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C D 16 MAy 2010 Signing Ceremony fo
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H 6 SepteMber 2010 A CSR programme
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M N O 12 JANuAry 2011 To test the C
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111 annual report 2011 Corporate Go
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As at the date of this report, the
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. Supply of and Access to Informati
Page 119 and 120: Fees for certain directors appointe
Page 121 and 122: ACCOuntAbIlIty And AudIt 1. Financi
Page 123 and 124: Risk management is fi rmly embedded
Page 125 and 126: Health, Safety and Environment (HSE
Page 127 and 128: • The Company’s organisational
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Page 133 and 134: Statement of Directors’ Responsib
Page 135 and 136: Financial Statements 133 annUaL rep
Page 137 and 138: Directors’ Report For the Year en
Page 139 and 140: Directors’ Report For the Year en
Page 141 and 142: Statements of Financial Position at
Page 143 and 144: Statement of Changes in Equity For
Page 145 and 146: Notes to the Financial Statements 3
Page 169: Notes to the Financial Statements 3
Page 195 and 196: Report of the Auditors to the MeMbe
Page 197 and 198: Other Information 195 annUaL report
Page 199 and 200: 197 annUaL report 2011 A summary of
Page 205 and 206: Training Programmes Attended by Dir
Page 207 and 208: Analysis of Shareholdings as at 31
Page 209 and 210: Analysis of Shareholdings as at 31
Page 211 and 212: Corporate Directory PETRONAS Gas Be
Page 213: Notice of Annual General Meeting No
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Content2011 - PETRONAS Gas Berhad

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