Notes to the Financial Statements - Cahaya Mata Sarawak Bhd

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138 Notes to the Financial Statements For the fi nancial year ended 31 December 2011 27. Investment securities Group/Company 2011 2010 Market Market value of value of Carrying quoted Carrying quoted amount investments amount investments RM’000 RM’000 RM’000 RM’000 Current Fair value through profi t or loss Fixed income debt securities (unquoted in Malaysia) 52,838 - 48,993 - Equity instruments (quoted in Malaysia) 8,314 8,314 12,153 12,153 Unit trust funds (quoted in Malaysia) 27,557 27,557 26,758 26,758 Total current investment securities 88,709 35,871 87,904 38,911 Non-current Available-for-sale fi nancial assets Cahya Mata Sarawak Berhad Group 2011 2010 RM’000 RM’000 Equity instruments (unquoted in Malaysia), at cost 300 300 The unquoted equity instruments are carried at cost as there are no other methods of reasonably estimating the fair values. 28. Cash and bank balances Group Company 2011 2010 2011 2010 RM’000 RM’000 RM’000 RM’000 Cash in hand and at bank 48,700 43,877 29,686 26,357 Short term deposits with licensed banks 174,180 729,607 168,464 727,633 Wholesale fund 427,392 - 427,392 - Cash and bank balances 650,272 773,484 625,542 753,990 The wholesale fund invests only in short-term money market instruments and fi xed deposits with fi nancial institutions. Cash at bank earns interest at fl oating rates based on daily bank deposit rates. Short-term deposits are made for varying periods of between one day and three months depending on the immediate cash requirements of the Group and the Company, and earn interest at the respective short-term deposit rates. The weighted average effective interest rates as at 31 December 2011 for the Group and the Company were 3.36% (2010: 3.07%) and 3.40% (2010: 3.08%), respectively. Short term deposits of the Group amounting to RM110,013 (2010: RM107,330) have been pledged to the bank to secure a bank guarantee. Included in cash at bank of the Group and Company is an amount of RM29,355,982 (2010: RM25,598,889) being monies held in trust by nominee companies under a discretionary fund management and investment agreements with licensed fund managers. Included in short term deposits with fi nancial institutions of the Group and Company is an amount of RM18,500,000 (2010: RM54,400,000) being deposits placed with a banking subsidiary of an associate.
28. Cash and bank balances (contd.) Notes to the Financial Statements For the fi nancial year ended 31 December 2011 For the purpose of the statements of cash fl ows, cash and cash equivalents comprise the following at the reporting date: Group Company 2011 2010 2011 2010 RM’000 RM’000 RM’000 RM’000 Cash and short term deposits 650,272 773,484 625,542 753,990 Bank overdrafts (Note 29) - (53 ) - - Cash and cash equivalents 650,272 773,431 625,542 753,990 29. Loans and borrowings Group Company 2011 2010 2011 2010 RM’000 RM’000 RM’000 RM’000 Current Secured: Bank overdrafts (Note 28) - 53 - - Revolving credits Hire purchase and fi nance lease 15,000 13,136 - - liabilities (Note 39(d)) 138 218 - - 15,138 13,407 - - Unsecured: Shareholders’ loan 551 551 - - Bankers’ acceptances 25,808 38,958 - - Revolving credits - 60,000 - - Term loan 21,440 21,440 - - CMS Income Securities (Note 30) 85,507 85,544 85,507 85,544 133,306 206,493 85,507 85,544 148,444 219,900 85,507 85,544 Non-current Secured: Hire purchase and fi nance lease liabilities (Note 39(d)) 32 181 - - Unsecured: Shareholders’ loan 3,031 3,583 - - Term loan 64,240 85,680 - - CMS Income Securities (Note 30) - 85,242 - 85,242 67,271 174,505 - 85,242 67,303 174,686 - 85,242 Total loans and borrowings 215,747 394,586 85,507 170,786 Annual Report 2011 139
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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
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Statement of Corporate Governance T
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Communicating with Shareholders and
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Responsibility The Board recognises
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Composition The Group Audit Committ
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Authority i. The Committee is autho
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Utilisation of Proceeds raised from
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FINANCIALS
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The directors have pleasure in pres
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Issue of Shares During the fi nanci
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Statement by Directors Pursuant to
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Independent Auditors’ Report To t
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ASSETS Group Company Note 2011 2010
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Statements of Changes In Equity For
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Statements of Cash Flows For the fi
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Statements of Cash Flows For the fi
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Notes to the Financial Statements F
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Notes to the Financial Statements F
Page 89 and 90: Notes to the Financial Statements F
Page 107 and 108: 5. Interest income Notes to the Fin
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: 25. Other current assets Notes to t
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
Page 157 and 158: 40. Contingencies (contd.) (b) Othe
Page 159 and 160: 41. Related party transactions (con
Page 165 and 166: 45. Segment information Notes to th
Page 169 and 170: 46. Dividends Notes to the Financia
Page 171 and 172: OTHER INFORMATION
Page 173 and 174: Name of Direct Indirect % of Substa
Page 175 and 176: List of Properties As at 31 Decembe
Page 177 and 178: ** Land owned by third party Revalu
Page 179 and 180: Construction & Road Maintenance CMS
Page 181 and 182: 1. To receive the Audited Financial
Page 183 and 184: Names of Directors who are standing
Page 185 and 186: Form of Proxy No. of Shares Held: C
Page 188: CAHYA MATA SARAWAK BERHAD (Company
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Notes to the Financial Statements - Cahaya Mata Sarawak Bhd

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