Content2011 - PETRONAS Gas Berhad

More documents

Recommendations

Info

Notes to the Financial Statements 31 MarCh 2011 32. Financial Instruments (Continued) 186 petronas gas berhad (101671-h) Fair value sensitivity analysis for fixed rate instruments (Continued) The sensitivity analysis is hypothetical and should not be considered to be predictive of future performance because the Group’s actual exposure to market prices is constantly changing with changes in the Group’s portfolio of among others, commodity, debt and foreign currency contracts. Changes in fair values or cash flows based on a variation in a market variable cannot be extrapolated because the relationship between the change in market variable and the change in fair value or cash flows may not be linear. In addition, the effect of a change in a given market variable is calculated independently of any change in another assumption and mitigating actions that would be taken by the Group. In reality, changes in one factor may contribute to changes in another, which may magnify or counteract the sensitivities. The following table demonstrates the indicative pre-tax effects on the profit or loss and equity of applying reasonably foreseeable market movements in the following securities: +/- Change in Profit or interest loss Group/Company b.p.s. RM’000 2011 Local securities 47.39 b.p.s 1,877 2010 Local securities 44.54 b.p.s 813 This analysis assumes that all other variables, in particular foreign currency rates, remain constant. Cash flow sensitivity analysis for floating rate instruments The following table demonstrates the indicative pre-tax effects on the profit or loss and equity of applying reasonably market movements in the following interbank offered rates: +/- Change in Profit or loss Group/Company b.p.s. RM’000 2011 KLIBOR 60.00 b.p.s 210 2010 KLIBOR – – Foreign Currency Risk Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The Group and the Company are exposed to varying levels of foreign exchange risk when they enter into transactions that are not denominated in the respective companies’ functional currencies or when foreign currency monetary assets and liabilities are translated at the reporting date. The Group and the Company operates predominantly in Malaysia and transacts mainly in Malaysian Ringgit. As such, it is not exposed to any significant foreign currency risk.
Notes to the Financial Statements 31 MarCh 2011 32. Financial Instruments (Continued) 187 annUaL report 2011 Foreign Currency Risk (Continued) The Group’s and Company’s exposure to foreign currency risk, based on carrying amounts as at the reporting date is as follows: 2011 2010 Group/Company RM’000 RM’000 Financial Liabilities Trade and other payables (denominated in) USD 45,659 26,026 GBP – 6,134 EUR 2,089 1,052 SGD – 66 JPY – 30,780 47,748 64,058 Borrowings (denominated in) JPY 5,969 1,620 53,717 65,678 Currency risk sensitivity analysis The following table demonstrates the indicative pre-tax effects on the profi t or loss and equity of applying reasonably foreseeable market movements in the following currency exchange rates: +/- Change in Effect on currency rate profi t or loss Group/Company % RM’000 2011 USD 5 2,283 EUR 10 209 JPY 5 298 2010 USD 5 1,301 GBP 10 613 EUR 5 53 SGD 5 3 JPY 5 1,620 This analysis assumes that all other variables, in particular interest rates, remain constant. A decrease in change in currency rate above would have had equal but opposite effect, on the basis that all other variables remain constant.
Page 1 and 2:
ANNUAL REPORT 2011 In 2011, PGB is
Page 3 and 4:
Our Vision, Mission and Shared Valu
Page 5 and 6:
Our Vision A World Class Gas and Ut
Page 7 and 8:
The Sabah-Sarawak Gas Pipeline (SSG
Page 9 and 10:
2,982.3 2007 1,281.2 1,247.0 2007 9
Page 11 and 12:
Corporate Information Our Operation
Page 13 and 14:
Gas Processing Plant Operations Div
Page 15 and 16:
Miri Pipeline System Network Bintul
Page 17 and 18:
Corporate and Management Directory
Page 19 and 20:
Dato’ N. Sadasivan s/o N.N. Pilla
Page 21 and 22:
Samsudin bin Miskon, a Malaysian ag
Page 23 and 24:
Muri bin Muhammad, a Malaysian aged
Page 25 and 26:
Lau Nai Tuang, a Malaysian aged 53,
Page 27 and 28:
Farehana binti Hanapiah, a Malaysia
Page 29 and 30:
Karima binti M Noor General Manager
Page 31 and 32:
Karima binti Mohd Noor General Mana
Page 33 and 34:
Muhamed Ali bin Hashim Mohamed Mana
Page 35 and 36:
Ahmad Nawawi bin Mohd Yatim General
Page 37 and 38:
Liza binti Mustapha Liza, aged 40,
Page 39 and 40:
Performance Review Q&A with the Cha
Page 41 and 42:
39 annual report 2011 The Board of
Page 43 and 44:
41 annual report 2011 PGB’s entry
Page 45 and 46:
43 annual report 2011 The company i
Page 47 and 48:
Clear and precise communication bet
Page 49 and 50:
47 annual report 2011 The Company c
Page 51 and 52:
49 annUaL report 2011 CEO’s Busin
Page 53 and 54:
GATEWAY TO THE NEXT HORIZON Unlocki
Page 55 and 56:
mainly attributable to the enhanced
Page 57 and 58:
KIMANIS POWER PLANT Power Play - Fl
Page 59 and 60:
We can have the best equipment, the
Page 61 and 62:
monumental success in spite of them
Page 63 and 64:
Due to PGB’s extensive experience
Page 65 and 66:
Apart from the Chairmanship, the ye
Page 67 and 68:
Comparison between 3 rd Term GPTA a
Page 69 and 70:
stAtements of ComPrehensive inCome
Page 71 and 72:
Earnings Per Share and Net Dividend
Page 73 and 74:
Performance of Shares For the Year
Page 75 and 76:
Drive + Innovation + Technology = P
Page 77 and 78:
75 annual report 2011
Page 79 and 80:
Awards and Achievements With collec
Page 81 and 82:
79 annUaL report 2011 Corporate Res
Page 83 and 84:
Sustainability - The PGB Way As a r
Page 85 and 86:
PGB continues to invest for the fut
Page 87 and 88:
Engagement with international and d
Page 89 and 90:
This includes the annual ACD assess
Page 91 and 92:
The Company’s training programmes
Page 93 and 94:
The regular monitoring sessions are
Page 95 and 96:
KEEPING SAFE, KEEPING HEALTHY PGB c
Page 97 and 98:
The Company continuously manages he
Page 99 and 100:
The green initiative used pilot 3R
Page 101 and 102:
AWARDS AND RECOGNITIONS RECEIVED To
Page 103 and 104:
Apart from these, the students were
Page 105 and 106:
A total of 65 CSR activities were c
Page 107 and 108:
C D 16 MAy 2010 Signing Ceremony fo
Page 109 and 110:
H 6 SepteMber 2010 A CSR programme
Page 111 and 112:
M N O 12 JANuAry 2011 To test the C
Page 113 and 114:
111 annual report 2011 Corporate Go
Page 115 and 116:
As at the date of this report, the
Page 117 and 118:
. 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
Page 129 and 130:
terMS Of referenCe The BAC is gover
Page 131 and 132:
129 annual report 2011 Board Audit
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 187: 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
Page 216: fold here fold here Symphony Share
show all

Content2011 - PETRONAS Gas Berhad

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?