Notes to the Financial Statements - Cahaya Mata Sarawak Bhd

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16 Board of Directors Y Bhg Dato Sri Mahmud Abu Bekir Taib Malaysian Age: 48 years Deputy Group Chairman Non-Independent, Non-Executive Director Member, Nomination & Remuneration Committee Member, ESOS Committee Dato Sri Mahmud Abu Bekir Taib is Deputy Group Chairman of CMS. He was appointed to the Board of CMS as Group Executive Director on 23 January 1995. Having pursued his tertiary education in USA and Canada, Dato Sri Mahmud has extensive experience in the stock-broking and corporate sectors. He was a founding member of Sarawak Securities Sdn Bhd, Sarawak’s fi rst stock-broking company which is now merged with K&N Kenanga Holdings Berhad. Dato Sri Mahmud is currently Chairman of Sarawak Cable Berhad and director of CMS subsidiaries in construction, construction materials and property development. He is also director of several other private companies. Dato Sri Mahmud is the brother of Datin Hanifah Hajar Taib, Dato Sri Sulaiman Abdul Rahman Taib and Jamilah Hamidah Taib (all major shareholders of CMS) and brother-in-law of Datuk Syed Ahmad Alwee Alsree (Group Executive Director of CMS). Dato Sri Mahmud is a son of the late Lejla Taib (a major shareholder of CMS) and is a director of Majaharta Sdn Bhd (a major shareholder of CMS). Dato’ Sri Mahmud has attended all seven (7) meetings of the Board of Directors in the fi nancial year ended 31 December 2011. Cahya Mata Sarawak Berhad Y Bhg Datuk Syed Ahmad Alwee Alsree Singaporean Age: 46 years Group Executive Director Chairman, Group Risk Committee Member, Nomination & Remuneration Committee Member, ESOS Committee Datuk Syed Ahmad Alwee Alsree is Group Executive Director of CMS, having been appointed to the Board on 4 September 2006. He joined the Group in February 2004 as Group General Manager - Human Resources, was appointed as Deputy Group Managing Director in September 2006, and was subsequently re-designated as Group Executive Director in August 2008. Datuk Syed Ahmad is the Deputy Chairman of K&N Kenanga Holdings Berhad and Kenanga Investment Bank Berhad. He is also a director of KKB Engineering Berhad, SIG Gases Berhad and Kenanga Islamic Investors Berhad. He is Chairman of Samalaju Aluminium Industries Sdn Bhd and Kenanga Investors Berhad and a director of several CMS subsidiaries in fi nancial services, property development and education. Datuk Syed Ahmad graduated with a Bachelor of Law (LL.B.) degree from the National University of Singapore, and practised law in Singapore for over 10 years prior to joining CMS. Datuk Syed Ahmad is the brother-in-law of Dato Sri Mahmud Abu Bekir Taib (a director and a major shareholder of CMS), Jamilah Hamidah Taib and Dato Sri Sulaiman Abdul Rahman Taib (major shareholders of CMS). He is a son-in-law of the late Lejla Taib (a major shareholder of CMS) and is the spouse of Datin Hanifah Hajar Taib (a major shareholder of CMS). Datuk Syed Ahmad has attended all seven (7) meetings of the Board of Directors in the fi nancial year ended 31 December 2011.
Y Bhg Dato’ Richard Alexander John Curtis British, Malaysian Permanent Resident Age: 60 years Group Managing Director Member, Group Risk Committee Dato’ Richard Alexander John Curtis is Group Managing Director of CMS having been appointed to the Board on 4 September 2006. He graduated with a Bachelor of Law (LL.B.) (Honours) degree from University of Bristol, United Kingdom and is a Sloan Fellow of the London Business School. He began his career in legal practice as a solicitor in Norton Rose (1974 - 1979) in London and then joined Jardine Matheson & Co. (1979 - 1983) in Hong Kong after which he joined the Jardine Offshore Group (1983 - 1986) in postings to Singapore and Indonesia. Dato’ Richard also pursued his own businesses (1988 - 1997) in retail, consultancy and construction. He was Chief Executive Offi cer of The Melium Group from 1997 to 2000, a leading Malaysian retail company and F&B chain operator. Dato’ Richard is a Director of K&N Kenanga Holdings Berhad and Kenanga Investment Bank Berhad and a number of CMS subsidiaries. Dato’ Richard is a Trustee of Yayasan Raja Muda Selangor. Dato’ Richard has no family relationship with any director and/or major shareholder of the Company. Dato’ Richard has attended all seven (7) meetings of the Board of Directors for the fi nancial year ended 31 December 2011. Board of Directors Y Bhg Dato Sri Liang Kim Bang Malaysian Age: 75 years Senior Independent, Non-Executive Director Dato Sri Liang Kim Bang was appointed to the Board of CMS on 26 June 1986. He studied at University of Malaysia, Singapore (1957 - 1961) graduating with B.A. and B.A. (Honours) degrees and at University of Cambridge (Trinity College), England (1962 - 1963) in Public Administration. He joined the Sarawak Civil Service in 1961, served in various capacities, including as Chairman and Director of several statutory bodies and Government-linked companies, both listed and non-listed. He was the Sarawak State Financial Secretary from 1984 - 1994. At present, Dato Sri Liang is the Non-Executive Chairman of CMS Cement Sdn Bhd and CMS Clinker Sdn Bhd and a Non-Executive Director of PPB Group Berhad. Dato Sri Liang has no family relationship with any director and/or major shareholder of the Company. Dato’ Sri Liang has attended all seven (7) meetings of the Board of Directors in the fi nancial year ended 31 December 2011. Annual Report 2011 17
Page 1 and 2: Playing Our Role In Nation-building
Page 3 and 4: CONTENTS 2 3 4 8 13 14 15 20 Perfor
Page 5 and 6: Revenue (RM’000) Profi t before t
Page 7 and 8: “ Dear Shareholders, Group Chairm
Page 9 and 10: Whilst the opportunities for the Gr
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Page 13 and 14: 24 Feb 1 Jul 19 Oct 30 Nov 24 Feb 1
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Page 17: Board of Directors Tan Sri Dato’
Page 21 and 22: Y Bhg Datu Michael Ting Kuok Ngie M
Page 23 and 24: DAVID LING KOAH WI Group General Co
Page 25 and 26: Segmental Analysis Segment Revenue
Page 27 and 28: Clinker CMS Cement owns East Malays
Page 29 and 30: Quarrying CMS Quarries Sdn Bhd and
Page 31 and 32: Construction & Road Maintenance The
Page 33 and 34: The Isthmus Property Development Th
Page 35 and 36: Education CMS Education Sdn Bhd own
Page 37 and 38: Strategic Investment: K&N Kenanga H
Page 39 and 40: CORPORATE RESPONSIBILITY
Page 41 and 42: Engagement & Communication Performa
Page 43 and 44: CMS Concrete Products Clay bricks m
Page 45 and 46: CMS Employees Volunteer in ‘Doing
Page 47 and 48: CSR Highlights Saving Lives Health
Page 49 and 50: Statement of Corporate Governance T
Page 51 and 52: Employees’ Share Option Scheme (
Page 53 and 54: Prior to each Board meeting, the Di
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Page 57 and 58: Communicating with Shareholders and
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Page 67 and 68: 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 (
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14. Prepaid land lease payments Cos
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18. Goodwill Notes to the Financial
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19. Investments in subsidiaries (co
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20. Investments in associates (cont
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22. Deferred tax (contd.) Notes to
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24. Trade and other receivables (co
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25. Other current assets Notes to t
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28. Cash and bank balances (contd.)
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30. CMS Income Securities (contd.)
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30. CMS Income Securities (contd.)
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32. Trade and other payables Notes
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36. Other reserves (contd.) Company
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38. Employee benefi ts (contd.) Not
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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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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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