Notes to the Financial Statements - Cahaya Mata Sarawak Bhd

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104 Notes to the Financial Statements For the fi nancial year ended 31 December 2011 3. Signifi cant accounting judgements and estimates (contd.) 3.2 Key sources of estimation uncertainty (contd.) (h) Impairment of investment in subsidiaries and interest in associates (contd.) 4. Revenue (ii) Depending on their nature and the industries in which the investments relate to, judgements are made by management to select suitable methods of valuation such as, amongst others, discounted cash fl ow, realisable net asset value and sector average price-earning ratio methods. Once a suitable method of valuation is selected, management makes certain assumptions concerning the future to estimate the recoverable amount of the investment. These assumptions and other key sources of estimation uncertainty at the reporting date, may have a signifi cant risk of causing a material adjustment to the carrying amounts of the investments within the next fi nancial year. Depending on the specifi c individual investment, assumptions made by management may include, amongst others, assumptions on expected future cash fl ows, revenue growth, discount rate used for purposes of discounting future cash fl ows which incorporates the relevant risks, and expected future outcome of certain past events. Management believes that no reasonably expected possible change in the key assumptions described above would cause the carrying amounts of the investments to materially exceed their recoverable amount. Cahya Mata Sarawak Berhad Group Company 2011 2010 2011 2010 RM’000 RM’000 RM’000 RM’000 Sales of goods 596,286 584,266 - - Contract revenue 186,035 76,137 - - Property development 102,596 163,423 - - Trading and services 93,145 98,217 - - Financial services 1,892 3,870 - - Interest income from short term deposits and investment securities 10,827 16,055 10,827 16,055 Rental income 9,982 1,118 600 600 Dividend income from investment securities 676 390 676 390 Dividend income from wholesale fund 11,170 - 11,170 - Dividend income from subsidiaries - - 25,454 74,333 Dividend income from associates - - 9,044 5,006 Interest income from subsidiaries - - 1,689 614 1,012,609 943,476 59,460 96,998
5. Interest income Notes to the Financial Statements For the fi nancial year ended 31 December 2011 Group 2011 2010 RM’000 RM’000 Interest income from: - Loans and receivables 543 809 - Short term deposits 501 107 - Unwinding of discount (Note 24) 593 1,875 1,637 2,791 6. Other income Group Company 2011 2010 2011 2010 RM’000 RM’000 RM’000 RM’000 Consultancy fees 198 365 - - Deferred income - 1,398 - - Fee income - - 4,807 3,700 Gain on disposal of property, plant and equipment 398 116 1 4 Gain on redemption of redeemable preference shares 722 593 - - Gain on acquisition of subsidiaries (Note 19(b)(i)) 11,424 - - - Gain on disposal of subsidiaries (Note 19(d)) - 2,561 - - Insurance settlement 1,902 - 77 - Miscellaneous 2,678 1,592 438 46 Net realised gain on disposal of investment securities 230 118 230 118 Net fair value changes in investment securities - Fair value through profi t or loss 1,552 3,032 1,552 3,032 Reversal of allowance for impairment of trade and other receivables 760 2,665 - - Reversal of provision of resettlement costs 400 - - - Supervision fees 495 523 - - Distribution of surplus cash by a subsidiary on liquidation (Note 19(iii)) - - 160,148 - 20,759 12,963 167,253 6,900 Annual Report 2011 105
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Playing Our Role In Nation-building
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CONTENTS 2 3 4 8 13 14 15 20 Perfor
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Revenue (RM’000) Profi t before t
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“ Dear Shareholders, Group Chairm
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Whilst the opportunities for the Gr
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10 Mar 4 May 19 May 26 May 27 Jun 2
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24 Feb 1 Jul 19 Oct 30 Nov 24 Feb 1
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Board of Directors Tan Sri Dato’
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Y Bhg Dato’ Richard Alexander Joh
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Y Bhg Datu Michael Ting Kuok Ngie M
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DAVID LING KOAH WI Group General Co
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Segmental Analysis Segment Revenue
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Clinker CMS Cement owns East Malays
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Quarrying CMS Quarries Sdn Bhd and
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Construction & Road Maintenance The
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The Isthmus Property Development Th
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Education CMS Education Sdn Bhd own
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Strategic Investment: K&N Kenanga H
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CORPORATE RESPONSIBILITY
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Engagement & Communication Performa
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CMS Concrete Products Clay bricks m
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CMS Employees Volunteer in ‘Doing
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CSR Highlights Saving Lives Health
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Statement of Corporate Governance T
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Employees’ Share Option Scheme (
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Prior to each Board meeting, the Di
Page 55 and 56: Statement of Corporate Governance T
Page 57 and 58: Communicating with Shareholders and
Page 59 and 60: Responsibility The Board recognises
Page 61 and 62: Composition The Group Audit Committ
Page 63 and 64: Authority i. The Committee is autho
Page 65 and 66: Utilisation of Proceeds raised from
Page 67 and 68: FINANCIALS
Page 69 and 70: The directors have pleasure in pres
Page 71 and 72: Issue of Shares During the fi nanci
Page 73 and 74: Statement by Directors Pursuant to
Page 75 and 76: Independent Auditors’ Report To t
Page 77 and 78: ASSETS Group Company Note 2011 2010
Page 79 and 80: Statements of Changes In Equity For
Page 81 and 82: Statements of Cash Flows For the fi
Page 83 and 84: Statements of Cash Flows For the fi
Page 85 and 86: Notes to the Financial Statements F
Page 105: Notes to the Financial Statements F
Page 109 and 110: 8. Profi t before tax Notes to the
Page 111 and 112: 10. Directors’ remuneration (cont
Page 113 and 114: 12. Earnings per share (a) Basic ea
Page 115 and 116: 13. Property, plant and equipment (
Page 119 and 120: 14. Prepaid land lease payments Cos
Page 123 and 124: 18. Goodwill Notes to the Financial
Page 129 and 130: 19. Investments in subsidiaries (co
Page 131 and 132: 20. Investments in associates (cont
Page 135 and 136: 22. Deferred tax (contd.) Notes to
Page 137 and 138: 24. Trade and other receivables (co
Page 139 and 140: 25. Other current assets Notes to t
Page 141 and 142: 28. Cash and bank balances (contd.)
Page 143 and 144: 30. CMS Income Securities (contd.)
Page 145 and 146: 30. CMS Income Securities (contd.)
Page 147 and 148: 32. Trade and other payables Notes
Page 151 and 152: 36. Other reserves (contd.) Company
Page 153 and 154: 38. Employee benefi ts (contd.) Not
Page 155 and 156: 39. Commitments (contd.) Notes to t
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40. Contingencies (contd.) (b) Othe
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41. Related party transactions (con
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Notes to the Financial Statements F
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45. Segment information Notes to th
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46. Dividends Notes to the Financia
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OTHER INFORMATION
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Name of Direct Indirect % of Substa
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List of Properties As at 31 Decembe
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** Land owned by third party Revalu
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Construction & Road Maintenance CMS
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1. To receive the Audited Financial
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Names of Directors who are standing
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Form of Proxy No. of Shares Held: C
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CAHYA MATA SARAWAK BERHAD (Company
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Notes to the Financial Statements - Cahaya Mata Sarawak Bhd

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