Notes to the Financial Statements - Cahaya Mata Sarawak Bhd

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166 Notes to the Financial Statements For the fi nancial year ended 31 December 2011 45. Segment information (contd.) Notes Nature of adjustments and eliminations to arrive at amounts reported in the consolidated fi nancial statements A Inter-segment revenues are eliminated on consolidation. B Other material non-cash expenses consist of the following items as presented in the respective notes to the fi nancial statements: Cahya Mata Sarawak Berhad Note 2011 2010 RM’000 RM’000 Impairment loss on fi nancial assets 8 4,018 5,865 Project under study written off 8 25,193 - Write down of inventories 8 - 1,243 Share options granted under ESOS 9 6,390 4,243 35,601 11,351 C The following items are added to/(deducted from) segment profi t/ (loss) before tax to arrive at “Profi t before tax” presented in the Group’s statement of comprehensive income: 2011 2010 RM’000 RM’000 Share of results of associates 12,250 6,233 Share of results of jointly controlled entities 1,248 (1,778 ) Unallocated corporate expense (19,836 ) (24,499 ) (6,338 ) (20,044 ) D Additions to non-current assets consist of: 2011 2010 RM’000 RM’000 Property, plant and equipment 153,092 21,825 Prepaid land lease payments - 11,500 Land held for property development 385 22,754 Intangible assets 47 1,115 153,524 57,194 E The following items are added to/(deducted from) segment assets to arrive at total assets reported in the Group’s statement of fi nancial position: 2011 2010 RM’000 RM’000 Investments in associates 291,840 278,152 Investments in jointly controlled entities 3,628 2,635 Deferred tax assets 10,810 16,700 Inter-segment assets (454,165 ) (1,122,894 ) (147,887 ) (825,407 ) F The following items are added to/(deducted from) segment liabilities to arrive at total liabilities reported in the Group’s statement of fi nancial position: 2011 2010 RM’000 RM’000 Deferred tax liabilities 31,819 21,937 Income tax payable 5,978 6,717 Loans and borrowings 215,747 394,586 Inter-segment liabilities (489,435 ) (1,135,037 ) (235,891 ) (711,797 )
46. Dividends Notes to the Financial Statements For the fi nancial year ended 31 December 2011 Group and Company 2011 2010 RM’000 RM’000 Recognised during the fi nancial year: Dividends on ordinary shares: - First and fi nal dividend for 2010: 5 sen (2009: 5 sen) less 25% taxation per share - Special dividend for 2010: 5 sen (2009: Nil) less 25% 12,355 12,354 taxation per share 12,356 - 24,711 12,354 Proposed but not recognised as a liability as at 31 December: Dividends on ordinary shares, subject to shareholders’ approval at the AGM: - First and fi nal dividend for 2011: 15 sen (2010: 5 sen) less 25% taxation per share 37,067 12,354 - Special dividend for 2011: Nil (2010: 5 sen) less 25% taxation per share - 12,354 37,067 24,708 At the forthcoming Annual General Meeting, a fi rst and fi nal dividend in respect of the fi nancial year ended 31 December 2011 of 15% less 25% taxation on 329,480,840 ordinary shares, amounting to a dividend payable of RM37,066,595 (11.25 sen net per ordinary share) will be proposed for shareholders’ approval. The fi nancial statements for the current fi nancial year do not refl ect proposed dividend. Such dividend, if approved by the shareholders, will be accounted for in equity as an appropriation of retained earnings in the fi nancial year ending 31 December 2012. 47. Subsequent event On 27 March 2012, the Company announced that the Heads of Agreement (“HoA”) entered between Rio Tinto Aluminium (Malaysia) Sdn. Bhd. (“RTA”), a wholly-owned subsidiary of Rio Tinto Limited, a company registered in Australia, and Samalaju Aluminium Industries Sdn. Bhd., a wholly-owned subsidiary of Samalaju Industries Sdn. Bhd., which in turn is a wholly-owned subsidiary of the Company, and the Memorandum of Understanding (“MOU”) entered between Sarawak Energy Berhad, the Company and RTA have both been terminated amicably by mutual agreement. The termination of the HoA and MOU which were entered into in 2007 and 2008 respectively, will not have any material effect on the earnings, net assets and gearing of the Group for the fi nancial year ending 31 December 2012. 48. Authorisation of fi nancial statements for issue The fi nancial statements for the year ended 31 December 2011 were authorised for issue in accordance with a resolution of the directors on 3 April 2012. Annual Report 2011 167
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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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5. Interest income Notes to the Fin
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8. Profi t before tax Notes to the
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10. Directors’ remuneration (cont
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12. Earnings per share (a) Basic ea
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13. Property, plant and equipment (
Page 117 and 118: Notes to the Financial Statements F
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
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 167: Notes to the Financial Statements F
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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