continued - The Lion Group

More documents

Recommendations

Info

FINANCIAL STATEMENTS 2010 For The Financial Year Ended 30 June 2010 DIRECTORS’ REPORT The Directors hereby present their report and the audited financial statements of the Group and of the Company for the financial year ended 30 June 2010. PRINCIPAL ACTIVITIES The principal activity of the Company is investment holding. The principal activities of its subsidiaries are shown in Note 18 to the financial statements. There have been no significant changes in the nature of the principal activities of the Company and of its subsidiaries during the financial year. FINANCIAL RESULTS 28 Group Company RM’000 RM’000 Net loss for the financial year (152,136) (48,723) Attributable to: - Ordinary equity holders of the Company (112,812) (48,723) - Minority interests (39,324) – (152,136) (48,723) There were no material transfers to or from reserve or provisions during the financial year other than as disclosed in the statements of changes in equity. In the opinion of the Directors, the results of the operations of the Group and of the Company during the financial year were not substantially affected by any item, transaction or event of a material and unusual nature, except for the dilution of an associate resulting in a loss of RM286.8 million to the Group as disclosed in Note 30(A)(i) to the financial statements. DIVIDEND The Directors do not recommend any dividend for the financial year ended 30 June 2010. SHARE CAPITAL There was no increase in the issued and paid-up share capital of the Company during the financial year.
DIRECTORS The Directors who served since the date of the last report are: Tan Sri William H.J. Cheng Tan Sri Cheng Yong Kim Datuk Emam Mohd Haniff bin Emam Mohd Hussain Datuk Mohd Yusof bin Abd Rahaman Datuk Karownakaran @ Karunakaran A/L Ramasamy Folk Fong Shing @ Kok Fong Hing M. Chareon Sae Tang @ Tan Whye Aun In accordance with Article 98 of the Company’s Articles of Association, Y. Bhg. Tan Sri William H.J. Cheng and Y. Bhg. Datuk Emam Mohd Haniff bin Emam Mohd Hussain retire by rotation at the forthcoming Annual General Meeting and being eligible, offer themselves for re-election. Pursuant to Section 129(6) of the Companies Act, 1965, Mr Folk Fong Shing @ Kok Fong Hing and Mr M. Chareon Sae Tang @ Tan Whye Aun retire and offer themselves for re-appointment as Directors of the Company to hold office until the next Annual General Meeting. DIRECTORS’ BENEFITS Since the end of the previous financial year, no Director of the Company has received or become entitled to receive any benefit (other than those disclosed in the financial statements) by reason of a contract made by the Company or a related corporation with any Director or with a firm of which a Director is a member, or with a company in which a Director has a substantial financial interest save and except for any benefit which may be deemed to have arisen by virtue of transactions between the Company and its related corporations and certain companies in which certain Directors of the Company and/or its subsidiaries are substantial shareholders as disclosed in Note 39 to the financial statements. Except for the following, neither during nor at the end of the financial year, was the Company a party to any arrangement whose object is to enable Directors to acquire benefits by means of the acquisition of shares in or debentures of the Company or any other body corporate: (i) the share options granted pursuant to the Executive Share Option Scheme of the Company; (ii) the conversion of warrants; and (iii) the conversion of redeemable convertible secured loan stocks. DIRECTORS’ INTERESTS The interests of Directors in shares in the Company at the end of the financial year are as follows: Number of Ordinary Shares of RM1.00 each As at As at 1.7.2009 Additions Disposals 30.6.2010 Direct Interest Tan Sri William H.J. Cheng 458,685 – – 458,685 Tan Sri Cheng Yong Kim 2,709,517 – – 2,709,517 Indirect Interest Tan Sri William H.J. Cheng 1,575,040,980 1,645,001 (7,000,000) 1,569,685,981 Tan Sri Cheng Yong Kim 412,849,095 1,645,001 – 414,494,096 M. Chareon Sae Tang @ Tan Whye Aun 490,900 – – 490,900 29
Page 2 and 3: CONTENTS Page Notice of Meeting 1 C
Page 4 and 5: 6.1.2 Proposed Shareholders’ Mand
Page 6 and 7: CORPORATE INFORMATION Board of Dire
Page 8 and 9: Tan Sri Cheng Yong Kim Non-Independ
Page 10 and 11: Folk Fong Shing @ Kok Fong Hing Ind
Page 12 and 13: Supply of Information The Board as
Page 14 and 15: 3. RELATIONS WITH SHAREHOLDERS AND
Page 16 and 17: AUDIT COMMITTEE REPORT COMPOSITION
Page 18 and 19: ACTIVITIES DURING THE FINANCIAL YEA
Page 20 and 21: NOMINATION COMMITTEE Chairman : Mr
Page 22 and 23: THE GROUP’S BUSINESSES • Aerial
Page 24 and 25: sebanyak 25%. Kesan positif pengumu
Page 26 and 27: CHAIRMAN’S STATEMENT On behalf of
Page 28 and 29: 主席报告我谨代表董事部,
Page 32 and 33: DIRECTORS’ INTERESTS (continued)
Page 34 and 35: OTHER STATUTORY INFORMATION Before
Page 36 and 37: INCOME STATEMENTS FOR THE FINANCIAL
Page 38 and 39: BALANCE SHEETS (continued) AS AT 30
Page 40 and 41: Group STATEMENTS OF CHANGES IN EQUI
Page 42 and 43: CASH FLOW STATEMENTS FOR THE FINANC
Page 44 and 45: NOTES TO THE FINANCIAL STATEMENTS 3
Page 46 and 47: 3. SIGNIFICANT ACCOUNTING POLICIES
Page 58 and 59: 4. CHANGES IN ACCOUNTING POLICIES (
Page 64 and 65: 5. CRITICAL ACCOUNTING JUDGEMENTS A
Page 66 and 67: 9. PROFIT/(LOSS) FROM OPERATIONS Th
Page 68 and 69: 11. OVER PROVISION FOR LOSS Pursuan
Page 70 and 71: 14. PROPERTY, PLANT AND EQUIPMENT F
Page 72 and 73: 14. PROPERTY, PLANT AND EQUIPMENT (
Page 74 and 75: 14. PROPERTY, PLANT AND EQUIPMENT (
Page 76 and 77: 18. INVESTMENT IN SUBSIDIARIES 74 C
Page 78 and 79: 18. INVESTMENT IN SUBSIDIARIES (con
Page 80 and 81:
18. INVESTMENT IN SUBSIDIARIES (con
Page 82 and 83:
19. INVESTMENT IN ASSOCIATES Group
Page 84 and 85:
20. OTHER INVESTMENTS Long Term Inv
Page 86 and 87:
21. TRADE AND OTHER RECEIVABLES Gro
Page 88 and 89:
22. DEFERRED TAXATION (continued) D
Page 90 and 91:
26. NON-CURRENT ASSETS CLASSIFIED A
Page 92 and 93:
29. PREFERENCE SHARES Megasteel iss
Page 94 and 95:
29. PREFERENCE SHARES (continued) T
Page 96 and 97:
30. BORROWINGS (continued) The weig
Page 98 and 99:
30. BORROWINGS (continued) (A) Synd
Page 100 and 101:
31. REDEEMABLE CONVERTIBLE SECURED
Page 102 and 103:
32. BONDS AND DEBTS Group Company 2
Page 104 and 105:
32. BONDS AND DEBTS (continued) (A)
Page 106 and 107:
33. DEFERRED LIABILITIES 104 Group
Page 108 and 109:
36. EMPLOYEE BENEFITS (a) Defined B
Page 110 and 111:
36. EMPLOYEE BENEFITS (continued) (
Page 112 and 113:
39. RELATED PARTY TRANSACTIONS Rela
Page 114 and 115:
40. SEGMENTAL ANALYSIS (continued)
Page 116 and 117:
40. SEGMENTAL ANALYSIS (continued)
Page 118 and 119:
42. FINANCIAL INSTRUMENTS Financial
Page 120 and 121:
42. FINANCIAL INSTRUMENTS (continue
Page 122 and 123:
INDEPENDENT AUDITORS’ REPORT TO T
Page 124 and 125:
LIST OF GROUP PROPERTIES AS AT 30 J
Page 126 and 127:
Thirty Largest Registered Sharehold
Page 128 and 129:
Thirty Largest Registered Warrant H
Page 130 and 131:
OTHER INFORMATION (I) MATERIAL CONT
Page 132 and 133:
(IV) STATUS OF CONDITIONS IMPOSED B
Page 134:
✄ FORM OF PROXY CDS ACCOUNT NUMBE
show all

continued - The Lion Group

Create successful ePaper yourself

Delete template?

Save as template?