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OTHER STATUTORY INFORMATION Before the income statements and the balance sheets of the Group and of the Company were made out, the Directors took reasonable steps: (a) to ascertain that proper action had been taken in relation to the writing off of bad receivables and the making of allowance for doubtful receivables and had satisfied themselves that all known bad receivables had been written off and that adequate allowance had been made for doubtful receivables; and (b) to ensure that any current assets which were unlikely to realise in the ordinary course of business, their values as shown in the accounting records had been written down to an amount which they might be expected so to realise. At the date of this report, the Directors are not aware of any circumstances: (a) which would render the amounts written off for bad receivables or the amount of the allowance for doubtful receivables in the financial statements of the Group and of the Company inadequate to any substantial extent; or (b) which would render the values attributed to the current assets in the financial statements of the Group and of the Company misleading; or (c) which have arisen which would render adherence to the existing method of valuation of assets or liabilities of the Group and of the Company misleading or inappropriate; or (d) not otherwise dealt with in this report or the financial statements which would render any amount stated in the financial statements of the Group and of the Company misleading. At the date of this report, there does not exist: (a) any charge on the assets of the Group and of the Company which has arisen since the end of the financial year which secures the liabilities of any other person; or (b) any contingent liability in respect of the Group and of the Company which has arisen since the end of the financial year. In the opinion of the Directors, except as disclosed in the financial statements: (a) the results of the Group’s and of the Company’s operations during the financial year were not substantially affected by any item, transaction or event of a material and unusual nature; (b) there has not arisen in the interval between the end of the financial year and the date of this report any item, transaction or event of a material and unusual nature likely to affect substantially the results of the operations of the Group and of the Company for the financial year in which this report is made; and (c) no contingent or other liability has become enforceable or is likely to become enforceable within the period of twelve months after the end of the financial year which, will or may substantially affect the ability of the Group or of the Company to meet their obligations as and when they fall due. SIGNIFICANT EVENTS Significant events during the financial year are disclosed in Note 43 to the financial statements. 32
AUDITORS The auditors, Ong Boon Bah & Co, have indicated their willingness to continue in office. Signed in accordance with a resolution of the Directors dated 28 September 2010. TAN SRI WILLIAM H.J. CHENG Chairman and Managing Director TAN SRI CHENG YONG KIM Director Kuala Lumpur 33
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 30 and 31: FINANCIAL STATEMENTS 2010 For The F
Page 32 and 33: DIRECTORS’ INTERESTS (continued)
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
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