Content2011 - PETRONAS Gas Berhad

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Notes to the Financial Statements 31 MarCh 2011 28. Capital Commitments 174 petronas gas berhad (101671-h) Outstanding commitments in respect of capital expenditure at reporting date not provided for in the financial statements are: Property, plant and equipment: Approved and contracted for Group Company 2011 2010 2011 2010 RM’000 RM’000 RM’000 RM’000 Less than one year 1,168,795 96,199 1,031,065 50,933 Between one and five years 2,092,600 60,113 1,150,044 23,579 Approved but not contracted for Less than one year 147,519 75,405 132,426 75,405 Between one and five years 481,060 1,323,025 169,282 1,323,025 29. Related Party Transactions 3,889,974 1,554,742 2,482,817 1,472,942 For the purposes of these financial statements, parties are considered to be related to the Group or the Company if the Group or the Company has the ability, directly or indirectly, to control the party or exercise significant influence over the party in making financial and operating decisions, or vice versa, or where the Group or the Company and the party are subject to common control or common significant influence. Related parties may be individuals or other entities. In addition to the transactions detailed elsewhere in the financial statements, the Company had the following transactions with related parties during the financial year: 2011 2010 Group/Company RM’000 RM’000 Holding company: Throughput fee income 2,723,977 2,475,042 Purchase of fuel gas (338,171) (758,091) Rental of office premises (6,699) (5,610) Management fees (737) (737) Fees for representation in the Board of Directors (205) – Related companies: Aromatics Malaysia Sdn. Bhd. Sale of industrial utilities Vinyl Chloride (Malaysia) Sdn. Bhd. 37,331 37,672 Sale of industrial utilities PETRONAS Ammonia Sdn. Bhd. 57,038 53,759 Sale of industrial utilities MTBE Malaysia Sdn. Bhd. 94,250 98,207 Sale of industrial utilities Petlin (Malaysia) Sdn. Bhd. 92,098 89,393 Sale of industrial utilities 64,730 53,301
Notes to the Financial Statements 31 MarCh 2011 29. Related Party Transactions (Continued) 175 annUaL report 2011 2011 2010 Group/Company RM’000 RM’000 Bekalan Air KIPC Sdn. Bhd. Purchase of treated water (11,599) (10,235) Management fee income PETRONAS Carigali Sdn. Bhd. 500 500 Lease income on equipment 1,080 1,441 Project management fee CEFS Response 46,055 44,876 Contribution for emergency response services Optimal Group of Companies (12,749) (8,661) Sale of industrial utilities Ethylene Malaysia Sdn. Bhd. 242,945 105,008 Sale of industrial utilities 3,339 – Jointly controlled entity: Industrial Gases Solutions Sdn. Bhd. Sale of industrial utilities 6,590 5,839 Associates and jointly controlled entities of the holding company: Kertih Terminal Sdn. Bhd. Sale of industrial utilities BASF PETRONAS Chemicals Sdn. Bhd. 6,020 6,651 Sale of industrial utilities BP PETRONAS Acetyls Sdn. Bhd. 81,596 73,836 Sale of industrial utilities Optimal Group of Companies 31,444 37,409 Sale of industrial utilities – 109,160 Trans Thai-Malaysia (Malaysia) Sdn. Bhd. Access right of way fee 1,020 945 Annual operations and maintenance fee 945 1,000 The terms and conditions for the above transactions are based on normal trade terms. All the amounts outstanding are unsecured and expected to be settled with cash. Included in the management fees paid to the holding company is payment for services of certain key management personnel of the Company. Included in the fees for representation in the Board of Directors are fees paid directly to holding company in respect of certain directors who are appointees of the holding company. Information regarding outstanding balances arising from related party transactions as at 31 March 2011 is disclosed in Note 9 and Note 18.
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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
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Fees for certain directors appointe
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ACCOuntAbIlIty And AudIt 1. Financi
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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 175: 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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