Notes to the Financial Statements - Cahaya Mata Sarawak Bhd

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26 Concrete Products CMS Concrete Products Sdn Bhd specialises in the manufacture of pre-formed concrete products such as reinforced concrete square piles, bridge beams, culverts, kerbs, cement sand bricks, ready mix and Industrialised Building System (IBS) components. Cahya Mata Sarawak Berhad In 2011, the performance of CMS Concrete Products continued to grow with sales revenue rising 36% and PBT up 48% to RM4.78 million. The main contributor to the improved performance came from a contract to exclusively supply ready-mixed concrete to a major construction project in Samalaju Industrial Park, north of Bintulu. CMS Concrete Products has started production of pre-fabricated IBS components in 2011. This is in response to the Government’s call for the construction industry to use more innovation to reduce Malaysia’s reliance on foreign labour and to improve both the quality and speed of construction. The new dedicated IBS Plant at Mile 7, Old Airport Road in Kuching was commissioned in 2011. This new plant will manufacture a full range of IBS components including Eco Wall panels, precast beams & columns and precast half slabs & pre-stressed slabs as well as coordinating design and installation services for customers.
Quarrying CMS Quarries Sdn Bhd and CMS Penkuari Sdn Bhd produce granite, microtonalite and limestone aggregates. Their operating quarries at Stabar, Penkuari, Akud, Sebuyau and new quarry at Sibanyis have a combined annual rated capacity of 3.15 million MT. CMS’ group of quarries is a substantial player commanding an approximately 23% market share for stone aggregates sold in Sarawak. CMS Quarries and CMS Penkuari posted a combined PBT of RM12.79 million for the year ended 31 December 2011 which was higher than 2010, refl ecting the additional production capacity brought on stream at Sibanyis and the provision of additional value-added services to customers such as stoning, grading, compacting and delivery. On 1 July of 2011, CMS Quarries had successfully commenced full commercial operations of its newest quarry at Gunung Sibanyis which is located at Mile 15, Kuching-Serian Road. The rock at Gunung Sibanyis is microtonalite, a hard igneous rock. The proven stone reserves at Gunung Sibanyis are approximately 69 million MT based on independent geological reports. The stone reserve at Gunung Sibanyis is expected to last more than 100 years (deep seated intrusive microtonalite rock) based on existing annual quarry plant capacity of 900,000 MT. In view of the Sibanyis quarry’s strategic location to the large and growing markets in the Kuching and Samarahan Divisions coupled with easy access to a dedicated jetty in Pending for outstation sales, CMS Quarries will continue to play an important role to ensure a steady supply of good quality stone aggregates at competitive prices to meet the demand throughout Sarawak. Annual Report 2011 27
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
Page 11 and 12: 10 Mar 4 May 19 May 26 May 27 Jun 2
Page 13 and 14: 24 Feb 1 Jul 19 Oct 30 Nov 24 Feb 1
Page 15 and 16: ��
Page 17 and 18: Board of Directors Tan Sri Dato’
Page 19 and 20: Y Bhg Dato’ Richard Alexander Joh
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: Clinker CMS Cement owns East Malays
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
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
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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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