Notes to the Financial Statements - Cahaya Mata Sarawak Bhd

More documents

Recommendations

Info

78 Statements of Changes In Equity For the fi nancial year ended 31 December 2011 (contd.) Non-distributable Distributable Note Equity, Share Share Other Retained total capital premium reserves earnings (Note 34 ) (Note 35 ) (Note 36 ) (Note 37 ) Company RM’000 RM’000 RM’000 RM’000 RM’000 Cahya Mata Sarawak Berhad Opening balance at 1 January 2011 990,694 329,446 427,513 184,876 48,859 Total comprehensive income 143,853 - - - 143,853 Transactions with owners Grant of equity-settled share options to employees 6,390 - - 6,390 - Exercise of employee share options 77 35 74 (32 ) - Dividends on ordinary shares 46 (24,711 ) - - - (24,711 ) Total transactions with owners (18,244 ) 35 74 6,358 (24,711 ) Closing balance at 31 December 2011 1,116,303 329,481 427,587 191,234 168,001 Opening balance at 1 January 2010 982,098 329,446 427,513 180,633 44,506 Effects of adopting FRS 139 1,231 - - - 1,231 983,329 329,446 427,513 180,633 45,737 Total comprehensive income 15,476 - - - 15,476 Transactions with owners Grant of equity-settled share options to employees 4,243 - - 4,243 - Dividends on ordinary shares 46 (12,354 ) - - - (12,354 ) Total transactions with owners (8,111 ) - - 4,243 (12,354 ) Closing balance at 31 December 2010 990,694 329,446 427,513 184,876 48,859 The accompanying accounting policies and explanatory notes form an integral part of the fi nancial statements.
Statements of Cash Flows For the fi nancial year ended 31 December 2011 Group Note 2011 2010 RM’000 RM’000 Operating activities Profi t before tax 178,715 118,796 Adjustments for: Amortisation of intangible assets 8 1,111 3,242 Amortisation of prepaid land lease payments 8 726 380 Amortisation of transaction costs 7 265 265 Allowance for obsolete inventories 8 216 - Bad debts written off 8 243 - Depreciation of property, plant and equipment 8 32,960 28,127 Gain on acquisition on subsidiaries 6 (11,424 ) - Gain on disposal of property, plant and equipment 6 (398 ) (116 ) Gain on disposal of subsidiaries 6 - (2,561 ) Gain on redemption of redeemable preference shares 6 (722 ) (593 ) Grant of equity-settled share options to employees 9 6,390 4,243 Gross dividend income 4 (11,846 ) (390 ) Impairment loss on trade and other receivables 8 4,018 5,865 Impairment loss on investment in associate 8 722 - Intangible assets written off 8 - 8,102 Interest expense 7 19,334 30,286 Interest income 4,5 (12,464) (18,846 ) Loss on disposal of an associate 8 - 353 Loss on disposal of investment in a jointly controlled entity 8 255 - Loss on disposal of property, plant and equipment 8 7 - Net realised gain on disposal of investment securities 6 (230 ) (118 ) Net fair value changes in investment securities 6 (1,552 ) (3,032 ) Project under study written off 8 25,193 - Property, plant and equipment written off 8 366 493 Reversal of provision for resettlement costs 6 400 - Share of results of associates (12,250 ) (6,233 ) Share of results of jointly controlled entities (1,248 ) 1,778 Unrealised foreign exchange (gain)/loss 8 (254 ) 123 Write down of inventories 8 - 1,243 Total adjustments 39,818 52,611 Operating cash fl ows before changes in working capital 218,533 171,407 Changes in working capital (Increase)/decrease in property development costs (4,678 ) 39,084 Increase in land held for development (385 ) (22,669 ) Increase in inventories (3,822 ) (1,230 ) Decrease/(increase) in other current assets 12,094 (5,423 ) Decrease/(increase) in receivables 58,829 (1,458 ) (Decrease)/increase in payables (4,616 ) 13,374 Decrease in other current liabilities (4,196 ) (54,370 ) Total changes in working capital 53,226 (32,692 ) Cash fl ows from operations 271,759 138,715 Interest received 12,464 18,846 Interest paid (19,878 ) (31,909 ) Income taxes paid, net of refund (23,981 ) (34,017 ) Net cash fl ows from operating activities 240,364 91,635 Annual Report 2011 79
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 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
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: Statements of Changes In Equity For
Page 83 and 84: Statements of Cash Flows For the fi
Page 85 and 86: 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 133 and 134:
Notes to the Financial Statements F
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 149 and 150:
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 161 and 162:
Page 163 and 164:
Page 165 and 166:
45. Segment information Notes to th
Page 167 and 168:
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
show all

Notes to the Financial Statements - Cahaya Mata Sarawak Bhd

Create successful ePaper yourself

Delete template?

Save as template?