fulfilling vision - Tenaga Nasional Berhad

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contents 2 Corporate Profile 3 Vision and Mission 5 Performance Highlights 6 Notice of Annual General Meeting 2005 9 Statement Accompanying Notice of Annual General Meeting 10 Statement of Corporate Governance 26 Performance Charts 2005 28 Group Corporate Structure 30 Organisational Structure 31 Financial Calendar 2005 32 Corporate Information 34 Profile of Board of Directors 42 Report of the Board Audit Committee 46 Terms of Reference of the Board Audit Committee 50 Statement of Internal Control 54 Group Executive Council Committee 55 Energy Supply Committee 56 Group Executive Management Committee 60 Letter to Shareholders 68 President/CEO’s Review Operations Review 78 Generation Division 86 Transmission Division 87 National Grid Chart 90 Distribution Division 96 Finance Division 104 Corporate Services Division 108 Group Human Resource Division 110 ICT Division 112 Investments Management Division 120 Group Internal Audit 121 Company Secretary’s Office 122 Sabah Electricity Sdn Bhd 124 Statement of Occupational Safety and Health 126 Statement of Environment 128 Other Services 132 Corporate Calendar 140 Analysis of Shareholdings 145 Share Price Tracking 146 Properties List 150 Financial Statements 2005 • Proxy Form
performance HIGHLIGHTS Tenaga Nasional Berhad 2005 Annual Report GROUP 2005 2004 2003 2002 2001 FINANCE (RM’ million) Total Revenue 18,977.5 17,712.1 16,457.8 15,375.1 14,362.6 Profit Before Tax # 1,818.9 1,482.7 1,648.5 1,513.5 2,193.0 Property, Plant and Equipment 54,721.0 53,443.7 51,768.4 50,710.7 48,270.3 GENERATION Group Installed Capacity (MW) 11,497.8 11,137.5 10,854.5 9,383.2 9,148.2 SALES OF ELECTRICITY Total Units Sold (GWh) 78,933.4 72,921.4 68,254.3 63,533.6 59,417.4 Sales Revenue (RM’ million) 18,326.4 17,219.4 15,973.9 14,932.5 13,951.8 CUSTOMERS Total Number of Customers 6,582,374 6,323,719 6,069,561 5,789,181 5,522,325 EMPLOYEES (GROUP) Total Number of Employees 27,727 26,989 27,238 25,686 25,125 SHAREHOLDERS Total Number of Bumiputera Shareholders 5,971 6,526 6,778 7,118 7,631 Total Number of Non-Bumiputera Shareholders 14,935 15,726 16,471 16,669 17,277 Total Number of Institutional Shareholders 577 497 612 580 553 Total Number of Foreign Shareholders 1,379 715 702 883 1,325 Total Number of Government Agency Shareholders 35 42 43 54 50 Total Number of Nominee Company Shareholders 6,080 4,717 2,499 2,684 2,851 DIVIDENDS (GROSS) 16.2 sen 18.2 sen 12.0 sen 10.2 sen 10.0 sen FINANCIAL RATIOS # Debt-Equity (Net of Cash) Ratio 1.69 1.94 2.11 1.98 1.66 Earnings Per Share (sen) 40.1 26.1 34.1 30.7 67.8 Net Tangible Assets Per Share (sen) 490 460 449 455 531 # The financials for 2001-2002 have not been adjusted for the provisions of MASB 29-Employee Benefits. 5
Page 1 and 2: TENAGA NASIONAL BERHAD (200866-W) 1
Page 4 and 5: corporate PROFILE Tenaga Nasional B
Page 8 and 9: 6 notice of ANNUAL GENERAL MEETING
Page 10 and 11: 8 notice of ANNUAL GENERAL MEETING
Page 12 and 13: 10 statement of CORPORATE GOVERNANC
Page 28 and 29: 26 performance CHARTS 2005 Tenaga N
Page 30 and 31: 28 group CORPORATE STRUCTURE (as at
Page 32 and 33: financial CALENDAR 2005 Tenaga Nasi
Page 34 and 35: COMPANY SECRETARIES Nor Zakiah bint
Page 36 and 37: DATO’ CHE KHALIB BIN MOHAMAD NOH
Page 38 and 39: DATO’ LAU YIN PIN @ LAU YEN BENG
Page 40 and 41: MOHAMMAD ZAINAL BIN SHAARI Non-Inde
Page 42 and 43: 42 report of the board AUDIT COMMIT
Page 44 and 45: 44 report of the board AUDIT COMMIT
Page 46 and 47: 46 terms of reference of the BOARD
Page 48 and 49: 48 terms of reference of the BOARD
Page 50 and 51: 50 statement of INTERNAL CONTROL Te
Page 52 and 53: 52 statement of INTERNAL CONTROL (c
Page 54 and 55: 54 group EXECUTIVE COUNCIL COMMITTE
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56 group executive management COMMI
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FULFILLING CURIOSITY A new world of
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62 letter to SHAREHOLDERS (cont’d
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64 letter to SHAREHOLDERS (cont’d
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FULFILLING IMAGINATION Reach out to
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70 president/ceo’s REVIEW (cont
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FULFILLING DREAMS Your dreams are t
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OPERATIONAL SUMMARY Percentage (%)
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Unplanned Outage by Station 15 12 9
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TNB Fuel Mix Thermal Efficiency Gas
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• Electrical repairs and schedule
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national grid chart PULAU LANGKAWI
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The Division has identified three s
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CUSTOMERS Total registered customer
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ELECTRICITY MARKETING The Sunday Ta
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Staff of Distribution Division at
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The Division had also successfully
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The Finance Division also serves as
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During the year under review, the D
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Emergency Response Plan In FY 2004,
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services Among major achievements f
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Providing round-the-clock security
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Promoting teamwork and sharing of k
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In FY 2005 ICT sent 79 per cent of
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Economic Value Added (EVA), Reducin
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5. TNB Engineering Corporation Sdn.
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19. Fibrecomm Network (M) Sdn. Bhd.
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120 group INTERNAL AUDIT Tenaga Nas
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122 operations review SABAH ELECTRI
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124 statement of occupational SAFET
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126 statement of ENVIRONMENT Tenaga
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128 other SERVICES Tenaga Nasional
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FULFILLING VISION Envisioning a bet
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23 December 2004 Annual General Mee
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4 March 2005 TNB Makes Jom! Baca Ca
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21 July 2005 TNB Records Net Profit
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140 analysis of SHAREHOLDINGS Tenag
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142 analysis of CONVERTIBLE REDEEMA
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144 analysis of CONVERTIBLE REDEEMA
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146 properties LIST Tenaga Nasional
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148 properties LIST Tenaga Nasional
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financial statements2005 151 Direct
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152 directors’ REPORT Tenaga Nasi
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154 directors’ REPORT Tenaga Nasi
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156 income STATEMENTS for the finan
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158 balance SHEETS as at 31 August
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160 statement of CHANGES IN EQUITY
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162 cash flow STATEMENTS for the fi
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164 notes to THE FINANCIAL STATEMEN
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242 statement by DIRECTORS pursuant
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This page has been intentionally le
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The Company Secretary Tenaga Nasion
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fulfilling vision - Tenaga Nasional Berhad

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