to download - Boustead Holdings Berhad

More documents

Recommendations

Info

Private consumption is projected to grow at 7.8% on the back of rising disposable income, positive wealth effects, improving employment market, firm commodity prices and positive consumer sentiments. In tandem, private investment is also expected to rebound in 2005 given renewed business confidence amidst sustained foreign direct investments inflows and favourable export trends. The optimistic local sentiment is further buoyed by the continued prospects that lie in China and India, with positive impact spilling over into the region. As a result, trade within the region, especially South East Asia, grew healthily and is expected to augur well for the Group. Growth rates of 2.3% and 1.4% are expected for the agriculture and construction sectors respectively. Manufacturing is expected to report a steady growth of 7.5% and services 5.7%. Barring unforeseen circumstances, the Boustead Group is confident that these indicators signal overall growth for the national economy and naturally this will have a positive effect on the Group’s divisions. Clonal planting at the pre-nursery. 41
42 FINANCIAL PERFORMANCE The facts are in the figures. We have had a favourable year on all fronts with impressive improvements in pre-tax profit, attributable profit and turnover. For 2004 the Group recorded a pre-tax profit of RM247 million on the back of a turnover of RM1,268 million. This represented a commendable increase of 19% compared to last year’s pre-tax profit of RM208 million on the back of a turnover of RM1,081 million. In terms of profit attributable to shareholders, we have seen an increase of 6% to RM119 million. Due to the enlarged share capital arising from the rights and bonus issues, earnings per share ended at 21 sen (2003: 26 sen) and net RM Million Revenue 975 650 325 0 983 2002 1,081 RM Million 1,300 1,268 300 152 208 247 2003 2004 225 150 75 0 Pre-tax Profit tangible assets per share was RM3.11 (2003: RM3.19). As at the close of the financial year, our shareholders’ funds were boosted to RM1,800 million (2003: RM1,743 million) due to the improved performance. Our property and plantation divisions maintained their pole positions in delivering sterling pretax profits. The property division registered earnings of RM109 million, delivering a contribution of 44% to Group profitability, while the plantation division chalked up RM101 million which contributed 41% to the Group’s bottom line. An additional contributor to Group profits this year has been our finance and investment division namely via our investments in Affin Holdings. This division registered a pre-tax profit of RM13 million, a turnaround from last year’s negative contribution of RM16 million. Revenue Pre-tax Profit
Page 1 and 2: 22 corporate governance 38 chairman
Page 3 and 4: 2 Board of Directors
Page 5 and 6: 4 Directors’ Profile Y. Bhg. Gen.
Page 7 and 8: 6 TOP Y. Bhg. Lt. Gen. (R) Dato’
Page 9 and 10: 8 Y. Bhg. Dato’ (Dr.) Megat Abdul
Page 11 and 12: 10 Corporate Information Directors
Page 13 and 14: 12 Senior Management Team En. Danie
Page 15 and 16: 14 Senior Management Team En. Andre
Page 17 and 18: 16 THE BOARD OF DIRECTORS OF BOUSTE
Page 19 and 20: 18 TERMS OF REFERENCE OF THE AUDIT
Page 21 and 22: 20 ACTIVITIES DURING THE FINANCIAL
Page 23 and 24: 22 corporate governance THE BOARD O
Page 25 and 26: 24 Corporate Governance COMPOSITION
Page 27 and 28: 26 Corporate Governance INFORMATION
Page 29 and 30: 28 Corporate Governance Remuneratio
Page 31 and 32: 30 Corporate Governance DIRECTORS
Page 33 and 34: 32 Statement on Internal Control BO
Page 35 and 36: 34 Statement on Internal Control IN
Page 37 and 38: 36 1,300 1,040 780 520 260 0 Five Y
Page 39 and 40: 38 chairman’s statement DEAR SHAR
Page 41: 40 ECONOMIC LANDSCAPE On the broade
Page 45 and 46: 44 Although the privatisation of Bo
Page 47 and 48: 46 In addition, other programmes we
Page 49 and 50: 48 OUTLOOK AND PROSPECTS On a Group
Page 51 and 52: 50 chief executive’s review DEAR
Page 53 and 54: 52 Chief Executive’s Review CORPO
Page 55 and 56: 54 In 2004, the division registered
Page 57 and 58: 56 In addition, our commercial clon
Page 59 and 60: 58 The appeal of this design lies i
Page 61 and 62: 60 Year 2004 was an exceptional yea
Page 63 and 64: 62 Up north in Bukit Mertajam, Jern
Page 65 and 66: 64 The division’s contribution of
Page 67 and 68: 66 The division recorded strengthen
Page 69 and 70: 68 TRADING Boustead Global Trade Ne
Page 71 and 72: 70 improving supply and demand tren
Page 73 and 74: 72 Directors’ Report The Director
Page 75 and 76: 74 Directors’ Report DIRECTORS’
Page 77 and 78: 76 Directors’ Report EMPLOYEES’
Page 79 and 80: 78 Directors’ Report OTHER STATUT
Page 81 and 82: 80 Statement by Directors and Statu
Page 83 and 84: 82 Auditors’ Report We are satisf
Page 85 and 86: 84 Balance Sheets For the year ende
Page 87 and 88: 86 Statements of Changes in Equity
Page 89 and 90: 88 Statements of Changes in Equity
Page 91 and 92: 90 Cash Flow Statements For the yea
Page 93 and 94:
92 Accounting Policies (c) ASSOCIAT
Page 95 and 96:
94 Accounting Policies (f) PROPERTY
Page 97 and 98:
96 Accounting Policies (l) EMPLOYEE
Page 99 and 100:
98 Accounting Policies (p) FINANCIA
Page 101 and 102:
100 Notes to the Financial Statemen
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
140 Boustead Group Group Interest %
Page 143 and 144:
142 Boustead Group Group Interest %
Page 145 and 146:
144 Recurrent Related Party Transac
Page 147 and 148:
146 Recurrent Related Party Transac
Page 149 and 150:
148 Group Property Portfolio Age of
Page 151 and 152:
Page 153 and 154:
Page 155 and 156:
154 Location of Group Plantation Pr
Page 157 and 158:
156 Shareholding Statistics Analysi
Page 159 and 160:
158 ORDINARY BUSINESS NOTICE IS HER
Page 161 and 162:
160 Notice of Annual General Meetin
Page 163 and 164:
Page 165 and 166:
Page 167 and 168:
This page has been intentionally le
Page 169:
Boustead Management Services Sdn Bh
show all

to download - Boustead Holdings Berhad

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?