lankhorst bhd ar2000 1-30 - Announcements

properties held
PROPERTIES HELD BY THE GROUP
27 HARTANAH YANG DIMILIKI KUMPULAN
LOCATION
Lokasi
Lot No. 8049, P.T.
3868, H.S. (D) No.
17165, District of
Petaling, Selangor
Darul Ehsan
No. 55, Jalan SS
15/4B, Subang
Jaya, Selangor.
Lot No. 29, 31,
33, 35, 37, 39
Phase 3JB, Section
13, Shah Alam,
Selangor
Lot No. Precinct
2.8, Pusat Bandar,
District of Shah
Alam, Selangor.
P.T. No. 1847, H.S.
(D) No. 12277,
Mukim of Jimah,
District of Port
Dickson, Negeri
Sembilan Darul
Khusus, in the
vicinity of Bukit
Siamang, Jimah
Lama, Jimah,
Negeri Sembilan.
approximately
23km to the
southwest of
Seremban.
DESCRIPTION
Keterangan
Three-storey terrace
shop office building
rented to Cardon
(M) Sdn Bhd
Bangunan kedai
pejabat teres tigatingkat
disewakan
kepada Cardon (M)
Sdn Bhd
Double-storey
terrace shop office
building for
Company HQ office
Bangunan kedai
pejabat teres duatingkat
untuk ibu
pejabat Syarikat..
Vacant Land
Tanah Kosong
Quarry
Operations
Operasi Kuari
TENURE
(EXPIRY DATE)
Hakmilik
(Tarikh Tamat)
Freehold
Hakmilik Bebas
Freehold
Hakmilik Bebas
Leasehold 99 years
(2096)
Hakmilik Pajakan
99 tahun (2096)
Leasehold
29 years
(1.7.2023)
Hakmilik
Pajakan
29 tahun
(1.7.2023)
APPROX AGE
(YEARS)
Anggaran usia
(tahun)
LANKHORST PANCABUMI CONTRACTORS SDN BHD
LANKHORST HARTANAH SDN BHD
PORT DICKSON SEPANG QUARRY SDN BHD
11 years
11 tahun
1 year
1 tahun
4 years
4 tahun
6 years
6 tahun
AREA
Keluasan
3,095 sq ft
3,095 k.p
8,751 sq ft
8,751 k.p
54,753 sq ft
54,753 k.p
14,164
hectares
14,164
hektar
GROSS BUILT
UP AREA
Keluasan
Binaan Kasar
5,904 sq ft
5,904 k.p
16,641 sq ft
16,641 kp
-
-
-
-
NET BOOK
VALUE
(RM’000) AS AT
31 DEC 2000
Nilai Buku Bersih
(RM’000) pada
31 Dis 2000
285
2,700
5,716
2,200

shareholders’ information
SHAREHOLDERS’ INFORMATION
28 MAKLUMAT PEMEGANG SAHAM
ANALYSIS OF SHAREHOLDERS BY RANGE OF GROUP AS AT 16 MAY 2001
Analisa Pemegang Saham dari berbagai Kumpulan pada 16 Mei 2001
CATEGORY
kategori
1 - 999
1,000 - 10,000
10,001 - 100,000
100,001 - 1,999,949
1,999,950 & above/keatas
NO. OR SHARES
bilangan saham
2,275
2,688,080
1,488,000
8,286,645
27,534,000
39,999,000
LANKHORST BERHAD
SUBSTANTIAL SHAREHOLDERS AS AT 16 MAY 2001
Pemegang Saham Terbesar pada 16 Mei 2001
NO.
bil
1.
2.
3.
4.
5.
% OVER TOTAL SHARES
% dari jumlah saham
0.01
6.72
3.72
20.72
68.83
100.00
STATEMENT OF DIRECTOR’S SHAREHOLDING AS AT 16 MAY 2001
Penyata Pegangan Saham Para Pengarah pada 16 Mei 2001
NO.
bil.
1.
2.
3.
4.
5.
6.
7.
NAME OF SHAREHOLDERS
Nama Pemegang Saham
IR. TUAN HAJI AZLAN AWANG
TUAN HAJI ABDUL AZIZ BAKRI
PERBADANAN NASIONAL BERHAD
KUALA LUMPUR GROWTH FUND
KUALA LUMPUR AGGRESSIVE GROWTH FUND
NAME OF DIRECTORS
Nama Para Pengarah
IR. TUAN HAJI AZLAN BIN AWANG
TUAN HAJI ABDUL AZIZ BIN BAKRI
YBHG. DATO’ IDRIS JUSOH
YBHG. DATO’ SARI @ SHAARI MAJIHIN @ MAT JIHIN
TUAN HAJI HASSAN TAN SRI IBRAHIM
YBHG. DATO’ MOHD. NOR ABDUL WAHID
PUAN NORLEZA ABU BAKAR
SHAREHOLDING (DIRECT)
Pegangan Saham (langsung)
DIRECT INTERESTS
Kepentingan secara langsung
NO. OF SHAREHOLDERS
bilangan pemegang saham
611,145
355
10,112,000
-
-
611,145
355
-
-
-
-
-
%
1.53
-
25.28
-
-
%
1.53
-
-
-
-
-
-
7
1,274
43
23
2
1,349
% OVER TOTAL SHAREHOLDERS
% dari jumlah pemegang saham
SHAREHOLDING (INDIRECT)
Pegangan Saham (tidak langsung)
18,188,305
18,479,195
INDIRECT INTERESTS
Kepentingan tidak secara langsung
-
1,000,000
1,000,000
18,188,305
18,479,195
-
-
-
-
-
0.52
94.44
3.19
1.70
0.15
100.00
%
45.47
46.20
-
2.50
2.50
%
45.47
46.20
-
-
-
-
-

29
MAKLUMAT PEMEGANG SAHAM
THIRTY LARGEST SHAREHOLDERS AS AT 16 MAY 2001
Tiga puluh Pemegang Saham terbesar pada 16 Mei 2001
NO.
bil.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
shareholders’ information SHAREHOLDERS’ INFORMATION
22.
23.
24.
25.
26.
27.
28.
29.
30.
NAME OF SHAREHOLDERS
Nama Pemegang Saham
CIMSEC NOMINEES (TEMPATAN) SDN BHD - PENGURUSAN DANAHARTA NASIONAL BERHAD FOR UFUK BESTARI SDN BHD
PERBADANAN NASIONAL BERHAD
AMSEC NOMINEES (TEMPATAN) SDN BHD - ARAB MALAYSIAN BANK BERHAD FOR ABDUL AZIZ BIN BAKRI
AMANAH RAYA NOMINEES (TEMPATAN) SDN BHD - KUALA LUMPUR GROWTH FUND
MAYBAN NOMINEES (TEMPATAN) SDN BHD - MAYBAN TRUSTEES BERHAD FOR KUALA LUMPUR AGGRESSIVE GROWTH FUND
AZLAN BIN AWANG
UFUK BESTARI SDN BHD
CITICORP NOMINEES (ASING) SDN BHD - TNTC FOR GOVERNMENT OF SINGAPORE INVESTMENT CORPORATION PTE LTD
SHAZILLA BINTI MOHD SAMSE
PRB NOMINEES (TEMPATAN) SDN BHD - RUBBER INDUSTRY SMALLHOLDERS DEVELOPMENT AUTHORITY
PRB NOMINEES (TEMPATAN) SDN BHD - RUBBER INDUSTRY SMALLHOLDERS DEVELOPMENT AUTHORITY
MAYBAN NOMINEES (TEMPATAN) SDN BHD - MAYBAN TRUSTEES BERHAD FOR AMANAH SAHAM BANK ISLAM TABUNG PERTAMA
UNIVERSAL TRUSTEE (MALAYSIA) BERHAD - MULTI-PURPOSE FIRST FUND
PRB NOMINEES (TEMPATAN) SDN BHD - RUBBER INDUSTRY SMALLHOLDERS DEVELOPMENT AUTHORITY
ALLIANCE GROUP NOMINEES (ASING) SDN BHD - HSBC TRUSTEE (S) LTD FOR THE VITTORIA FUND LTD
VANGUARD NOMINEES (TEMPATAN) SDN BHD
MALAYSIA NOMINEES (TEMPATAN) SENDIRIAN BERHAD - MALAYSIAN TRUSTEES BERHAD FOR MULTI-PURPOSE VISION FUND
PRB NOMINEES (TEMPATAN) SDN BHD - RUBBER INDUSTRY SMALLHOLDERS DEVELOPMENT AUTHORITY
BIMSEC NOMINEES (TEMPATAN) SDN BHD - PLEDGED SECURITIES ACCOUNT FOR TG. ABDULLAH IBNI SULTAN HJ AHMAD SHAH
ALLIANCE GROUP NOMINEES (TEMPATAN) SDN BHD - PHEIM ASSET MANAGEMENT SDN BHD FOR MAGNUM CORPORATION BHD
ALLIANCE GROUP NOMINEES (TEMPATAN) SDN BHD - PHEIM ASSET MANAGEMENT SDN BHD FOR EMPAT NOMBOR EKOR (SELANGOR) SDN BHD
PRB NOMINEES (TEMPATAN) SDN BHD - RUBBER INDUSTRY SMALLHOLDERS DEVELOPMENT AUTHORITY
KHAIROL ANUAR BIN MOHAMAD TAWI
GHAZALI BIN SAIBOO
HASNIZA BINTI MOHD ZAFERI
ALLIANCE GROUP NOMINEES (TEMPATAN) SDN BHD - PHEIM ASSET MANAGEMENT SDN BHD FOR EMPAT NOMBOR EKOR (SELANGOR) SDN BHD
AMANAH SAHAM MARA BERHAD
ARAB-MALAYSIAN NOMINEES (ASING) SDN BHD - HSBC TRUSTEE (S) LTD FOR ASEAN EMERGING COMPANIES GROWTH FUND LTD
MAYBAN FINANCE BERHAD - PLEDGED SECURITIES ACCOUNT FOR ESA BIN MOHAMED
PRB NOMINEES (TEMPATAN) SDN BHD - RUBBER INDUSTRY SMALLHOLDERS DEVELOPMENT AUTHORITY
TOTAL / JUMLAH
SHAREHOLDING
Pegangan Saham
17,422,000
10,112,000
1,117,500
1,000,000
1,000,000
611,145
578,000
550,000
400,000
376,000
294,000
244,000
230,000
200,000
184,000
183,000
178,000
176,000
155,000
150,000
150,000
143,000
133,000
131,000
103,000
100,000
100,000
100,000
100,000
100,000
36,320,645
%
43.56
25.28
2.79
2.50
2.50
1.53
1.45
1.38
1.00
0.94
0.74
0.61
0.58
0.50
0.46
0.46
0.45
0.44
0.39
0.38
0.38
0.36
0.33
0.33
0.26
0.25
0.25
0.25
0.25
0.25
90.80

30
MAKLUMAT PEMEGANG WARAN
THIRTY LARGEST WARRANTHOLDERS AS AT 16 MAY 2001
Tiga puluh Pemegang Waran terbesar pada 16 Mei 2001
NO.
bil.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
warrantholders’ information WARRANTHOLDERS’ INFORMATION
25.
26.
27.
28.
29.
30.
NAME OF SHAREHOLDERS
Nama Pemegang Saham
PERBADANAN NASIONAL BERHAD
AMANAH RAYA NOMINEES (TEMPATAN) SDN BHD - KUALA LUMPUR GROWTH FUND
MAYBAN NOMINEES (TEMPATAN) SDN BHD - MAYBAN TRUSTEES BERHAD FOR KUALA LUMPUR AGGRESSIVE GROWTH FUND
CITICORP NOMINEES (ASING) SDN BHD - TNTC FOR GOVERNMENT OF SINGAPORE INVESTMENT CORPORATION PTE LTD
UNIVERSAL TRUSTEE (MALAYSIA) BERHAD - MULTI-PURPOSE FIRST FUND
SHAZILLA BINTI MOHD SAMSE
PRB NOMINEES (TEMPATAN) SDN BHD - RUBBER INDUSTRY SMALLHOLDERS DEVELOPMENT AUTHORITY
PRB NOMINEES (TEMPATAN) SDN BHD - RUBBER INDUSTRY SMALLHOLDERS DEVELOPMENT AUTHORITY
ALLIANCEGROUP NOMINEES (ASING) SDN BHD - HSBC TRUSTEE (S) LTD FOR THE VITTORIA FUND LTD
PRB NOMINEES (TEMPATAN) SDN BHD - RUBBER INDUSTRY SMALLHOLDERS DEVELOPMENT AUTHORITY
VANGUARD NOMINEES (TEMPATAN) SDN BHD
MALAYSIA NOMINEES (TEMPATAN) SENDIRIAN BERHAD - MALAYSIAN TRUSTEES BERHAD FOR MULTI-PURPOSE VISION FUND
PRB NOMINEES (TEMPATAN) SDN BHD - RUBBER INDUSTRY SMALLHOLDERS DEVELOPMENT AUTHORITY
LIM BEE CHING
BIMSEC NOMINEES (TEMPATAN) SDN BHD - PLEDGED SECURITIES ACCOUNT FOR TG. ABDULLAH IBNI SULTAN HJ AHMAD SHAH
ALLIANCEGROUP NOMINEES (TEMPATAN) SDN BHD - PHEIM ASSET MANAGEMENT SDN BHD FOR MAGNUM CORPORATION BHD
ALLIANCEGROUP NOMINEES (TEMPATAN) SDN BHD - PHEIM ASSET MANAGEMENT SDN BHD FOR EMPAT NOMBOR EKOR (SELANGOR) SDN BHD
PRB NOMINEES (TEMPATAN) SDN BHD - RUBBER INDUSTRY SMALLHOLDERS DEVELOPMENT AUTHORITY
SHAZILLA BINTI MOHD SAMSE
HASNIZA BINTI MOHD ZAFERI
ALLIANCEGROUP NOMINEES (TEMPATAN) SDN BHD - PHEIM ASSET MANAGEMENT SDN BHD FOR EMPAT NOMBOR EKOR (SELANGOR) SDN BHD
AMANAH SAHAM MARA BERHAD
ARAB-MALAYSIAN NOMINEES (ASING) SDN BHD - HSBC TRUSTEE (S) LTD FOR ASEAN EMERGING COMPANIES GROWTH FUND LTD
MAYBAN FINANCE BERHAD - PLEDGED SECURITIES ACCOUNT FOR ESA BIN MOHAMED
PERBADANAN NASIONAL BERHAD
PRB NOMINEES (TEMPATAN) SDN BHD - RUBBER INDUSTRY SMALLHOLDERS DEVELOPMENT AUTHORITY
AMSEC NOMINEES (TEMPATAN) SDN BHD - PLEDGED SECURITIES ACCOUNT FOR MAIDEN ABDUL KADIR BIN MOHD ALI
PRB NOMINEES (TEMPATAN) SDN BHD - RUBBER INDUSTRY SMALLHOLDERS DEVELOPMENT AUTHORITY
TAN LAI KIN
MOHAMMAD RIAZZUDDIN BIN ALI AHMAD
TOTAL / JUMLAH
ANALYSIS OF WARRANTHOLDERS BY RANGE OF GROUP AS AT 16 MAY 2001
Analisa Pemegang Waran dari berbagai Kumpulan pada 16 Mei 2001
CATEGORY
kategori
1 - 999
1,000 - 10,000
10,001 - 100,000
100,001 - 253,336
253,337 & above/keatas
NO. OR SHARES
bilangan saham
325,000
489,500
991,750
762,500
2,498,000
5,066,750
% OVER TOTAL SHARES
% dari jumlah saham
6.41
9.66
19.57
15.05
49.31
100.00
NO. OF SHAREHOLDERS
bilangan pemegang saham
929
216
28
41
1,178
SHAREHOLDING
Pegangan Saham
2,498,000
250,000
250,000
137,500
125,000
100,000
94,000
73,500
50,000
50,000
45,000
44,500
44,000
41,000
38,750
37,500
37,500
35,750
33,250
29,250
25,000
25,000
25,000
25,000
25,000
25,000
20,000
12,500
12,500
11,250
4,220,750
%
49.30
4.93
4.93
2.71
2.47
1.97
1.86
1.45
0.99
0.99
0.89
0.88
0.87
0.81
0.76
0.74
0.74
0.71
0.66
0.58
0.49
0.49
0.49
0.49
0.49
0.49
0.39
0.25
0.25
0.22
83.30
% OVER TOTAL SHAREHOLDERS
% dari jumlah pemegang saham
78.86
18.34
2.38
0.34
0.08
100.00

FIN FINANCIAL FIN ANCIAL ST STATEMENTS
ST TEMENTS

32
DIRECTOR’S REPORT
The directors have pleasure in presenting their report and the audited financial statements of the Group and of the Company
for the year ended 31 December 2000.
PRINCIPAL ACTIVITIES
The principal activities of the Company consist of investment holding and provision of management services. The principal
activities of the subsidiary companies are stated in Note 5 to the financial statements. There have been no significant changes
in the nature of these activities during the financial year under review.
RESULTS
Profit after taxation
Minority interests
Profit attributable to shareholders
Unappropriated profit brought forward (Restated)
Profit available for appropriation
In the opinion of the directors, except for the exceptional item as disclosed in Note 23 and the write off of material preliminary
and pre-operating expenses to the income statement as the prior year adjustment as disclosed in Note 33 to the financial
statements, the results of the operations of the Group and of the Company for the financial year ended 31 December 2000
have not been substantially affected by any item, transaction or event of a material and unusual nature nor has any such item,
transaction or event occurred in the interval between the end of the financial year and the date of this report.
DIVIDEND
There were no dividends proposed or declared by the Company in respect of the year ended 31 December 2000.
RESERVES AND PROVISIONS
There were no material transfers to or from reserves and provisions during the financial year under review other than those
disclosed in the financial statements.
DIRECTORS OF THE COMPANY
Directors who served since the date of the last report are:
Group
RM
12,856,284
(451,926)
12,404,358
18,615,737
31,020,095
YBhg Dato’ Idris Jusoh (Appointed w.e.f. 8.6.2000)
YBhg Dato’ Sari @ Shaari Majihin @ Mat Jihin
YBhg Dato’ Haji Mohd Nor Abdul Wahid
Ir. Tuan Haji Azlan Awang
Tuan Haji Abdul Aziz Bakri
Tuan Haji Hassan Tan Sri Ibrahim
Tuan Haji Mat Hassan Esa (Resigned w.e.f. 24.11.2000)
Mustaffa Abd Latiff (Appointed w.e.f. 8.6.2000 and
resigned w.e.f. 24.11.2000)
Azhar Mohd (Appointed w.e.f. 1.11.2000 and
resigned w.e.f. 23.2.2001)
Norleza Abu Bakar (Appointed w.e.f. 23.2.2001)
Company
RM
10,659,649
-
10,659,649
(108,360)
10,551,289
In accordance with Article 81 of the Company’s Articles of Association, Tuan Haji Abdul Aziz Bakri retires at the forthcoming
Annual General Meeting, and being eligible, offers himself for re-election.

33
DIRECTOR’S REPORT
In accordance with Article 88 of the Company’s Articles of Association, YBhg Dato’ Idris Jusoh and Norleza Abu Bakar retire
at the forthcoming Annual General Meeting, and being eligible, offer themselves for re-election.
The directors who held office at the end of the financial year and their interests in the shares of the Company during the
financial year are as follows:
Direct
Ir. Tuan Haji Azlan Awang
Tuan Haji Abdul Aziz Bakri
Indirect
Ir. Tuan Haji Azlan Awang
Tuan Haji Abdul Aziz Bakri
By virtue of their interests in the Company, Ir. Tuan Haji Azlan Awang and Tuan Haji Abdul Aziz Bakri are deemed to be
interested in the shares of subsidiary companies to the extent that the Company has interest.
Save as disclosed above, none of the other directors who held office at the end of the financial year have any interest in the
shares of the Company and its subsidiary companies during the year.
DIRECTORS’ BENEFITS
Since the end of the last financial year, no director of the Company has received or become entitled to receive any benefits
(other than those disclosed in the financial statements) by reason of a contract made by the Company or a related company
with a director or with a firm of which the director is a member or with a company in which the director has a substantial
financial interest.
During and at the end of the financial year, no arrangement subsisted to which the Company is a party, with the object or
objects of enabling directors of the Company to acquire benefits by means of the acquisition of shares in or debentures of the
Company or any other body corporate.
ISSUE OF SHARES
There were no movements in the share capital of the Company during the financial year.
OPTIONS GRANTED OVER UNISSUED SHARES
No options were granted to any person to take up unissued shares of the Company during the year.
SIGNIFICANT EVENTS DURING THE YEAR
Balance
1.1.2000
611,145
355
20,388,305
20,279,195
Ordinary shares of RM1.00 each
Bought
Balance
31.12.2000
611,145
355
18,188,305
18,479,195
(a) On 13 March 2000, the Securities Commission had approved the proposal submitted by the Company to vary
certain terms and conditions of the Profit Guarantee and Stakeholder Agreement dated 18 June 1997, as set out
below:
(i) waiver of the shortfall in the Profit Guarantee amounting to RM15,855,668 for the financial year ended 31
December 1999;
(ii) a waiver of the Profit Guarantee amounting to RM19,969,200 for the financial year ended 31 December
2000; and
(iii) proposed restricted issue of up to a maximum of 8,133,500 warrants issued free of charge to entitled
shareholders on the basis of one (1) warrant for every (2) ordinary shares of RM1.00 each held in the
Company.
-
-
-
-
Sold
-
-
(2,200,000)
(1,800,000)

DIRECTOR’S REPORT
34
The abovesaid proposal was approved by the Securities Commission subject to the terms and conditions set out
below:
(i) the respective Guarantors are to furnish a statutory declaration of their financial networth;
(ii) the Guarantors are to dispose their shareholding of the 4.0 million shares of the Company, deposited with
the Stakeholder under the terms of the Stakeholder Agreement (“Deposited Securities”), to meet the
shortfall between the aggregate guaranteed profits and the actual profits achieved by the Group;
(iii) the restricted warrants issue based on the balance of the Profit Guarantee not fulfilled. In this regard, the
Company is to submit a scheme for the proposed restricted warrants issue for the Securities Commission
consideration and approval; and
(iv) the warrants issue is not to be offered to the Guarantors and person(s) connected to them.
On 21 March 2000, the Company announced that it has been informed by the Guarantors that they will be making
an appeal to the Securities Commission’s conditional approval of the proposal.
Subsequently, on 13 April 2000, the Company announced that it has been informed by the Guarantors that they will
not be making any appeal to the Securities Commission on its conditional approval of the proposals and would
proceed with the proposal as approved by the Securities Commission.
Subsequent to the Securities Commission approval via its letter dated 13 March 2000 whereby one of the conditions
imposed is that the Guarantors are to dispose their shareholding of the Deposited Securities to recover the shortfall
between the aggregate guaranteed profits and the actual profits achieved by the Group.
Following the instruction by the special committee set up by the Board of Directors of the Company, the Stakeholder
disposed the Deposited Securities through a stockbroker to recover the profit shortfall.
Our advisor, Messrs. Utama Merchant Bank Berhad, on 26 July 2000 submitted a scheme for the proposed restricted
warrants issue (“Restricted Issue”) for the Securities Commission consideration and approval. The proposal was
approved by the Securities Commission on 30 August 2000 subject to the exercise price of the warrants be fixed at
a discount of not more than 10% to the five (5) day weighted average price of the Company’s shares preceding the
price fixing date (i.e. the date between the Securities Commission’s approval and the Book Closure date).
The Board of Directors on 22 September 2000 then fixed the exercise price of the warrants at RM2.00 being an
approximately 10% discount or RM0.22 to the five (5) day weighted average market price of the Company’s shares.
The exercise price of the warrants was announced through our advisor, Messrs. Utama Merchant Bank Berhad on 25
September 2000.
Messrs. Utama Merchant Bank Berhad then on 3 October 2000 proceeded with the application to the Kuala Lumpur
Stock Exchange for the listing and quotation of the restricted issue of 5,066,750 warrants to be issued free of charge
to the entitled shareholders on the basis of one (1) warrant for every four (4) existing ordinary shares held in the
Company and the listing of 5,066,750 new ordinary shares of RM1.00 each arising from the exercise of 5,066,750
warrants. On 16 October 2000, the Kuala Lumpur Stock Exchange approved-in-principle the admission to the
Official List of the Kuala Lumpur Stock Exchange and the listing and quotation of the warrants and the new ordinary
shares arising from the exercise of the warrants. Hence all approvals for the proposed Restricted Issue had been
obtained.
The Company then announced the Book Closure Date for the warrants entitlement on 31 October 2000 and the
Register of Members was closed on 28 November 2000 to 29 November 2000 (both dates inclusive) to determine
shareholders’ entitlement to the Restricted Issue. Save for the Guarantors and persons connected to them, the
restricted issue of warrants was allotted to shareholders whose name appeared in the Register of Members and
record of Depositors on 27 November 2000. The warrants were successfully listed on the Kuala Lumpur Stock
Exchange on 26 December 2000.
(b) On 22 February 2000, the Company through its wholly owned subsidiary, Lankhorst Pancabumi Contractors Sdn.
Bhd. subscribed an additional 240,000 ordinary shares of RM1.00 each at par in Rampai Budi Jaya Sdn. Bhd. by way of
capitalisation of cash advances made to Rampai Budi Jaya Sdn. Bhd.
(c) On 11 July 2000, the Company through its wholly owned subsidiary, Lankhorst Pancabumi Contractors Sdn. Bhd.
acquired the whole issued and paid up capital of Lankhorst Pavement Technologies Sdn. Bhd. (formerly known as
Lankhorst Asset Sdn. Bhd.) of RM2.00 for a cash consideration of RM2.00.

35
DIRECTOR’S REPORT
Aside from Ir. Tuan Haji Azlan Awang and Tuan Haji Abdul Aziz Bakri who held one (1) share each in Lankhorst Asset
Sdn. Bhd. since 25 September 1996 and deemed interested in the said transaction, none of the other directors of the
Company has any interest either directly or indirectly in the said transaction.
(d) On 4 October 2000, the Company subscribed an additional 19,000,000 ordinary shares of RM1.00 each at par in
Lankhorst Pancabumi Contractors Sdn. Bhd. by way of capitalisation of cash advances made to Lankhorst Pancabumi
Contractors Sdn. Bhd.
(e) On 19 October 2000, the Company through its wholly owned subsidiary, Lankhorst Pancabumi Contractors Sdn.
Bhd. acquired Consortium Ibjay-Aritech System Sdn. Bhd. at a nominal cash consideration of RM2.00 for the issued
and paid up capital of RM2.00.
None of the directors has any interests in this transaction either directly or indirectly.
SUBSEQUENT EVENTS
(a) The Company through its advisor Messrs. Commerce International Merchant Bank Berhad announced on 12 January
2001 the following:
(i) proposed renounceable Rights Issue of up to 90,131,500 ordinary shares of RM1.00 each at the issue price
of RM1.00 each per Rights Share on the basis of two (2) Rights Shares for every one (1) existing ordinary
share of RM1.00 each held; and
(ii) proposed Employees’ Share Option Scheme (ESOS) for eligible directors and employees of the Company
and its subsidiaries.
The Company is in the process of finalising the submission to the Securities Commission and other relevant authorities.
The submission to the Securities Commission and other relevant authorities will be made within six (6) months
from the date of announcement.
(b) On 23 February 2001, the Company through its wholly owned subsidiary, Lankhorst Pancabumi Contractors Sdn.
Bhd. acquired the whole issued and paid up capital of Konsep Kukuh Sdn. Bhd for a cash consideration of RM2,400.
None of the directors of the Company has any interest, either directly or indirectly in the said transaction.
OTHER STATUTORY INFORMATION
Before the income statement and balance sheet of the Group and of the Company were made out, the directors took
reasonable steps to ascertain that:
i) all known bad debts have been written off and adequate provision made for doubtful debts; and
ii) all current assets have been stated at the lower of cost and net realisable value.
At the date of this report, the directors of the Company are not aware of any circumstances:
i) which would render the amount written off for bad debts, or the amount of the provision for doubtful debts, in the
financial statements of the Group and of the Company inadequate to any substantial extent; or
ii) which would render the value attributed to the current assets in the financial statements of the Group and of the
Company misleading; or
iii) which have arisen which render adherence to the existing method of valuation of assets or liabilities of the Group
and of the Company misleading or inappropriate; or
iv) which would render any amount stated in the financial statements of the Group and of the Company misleading,
other than those already dealt with in this report and in the relevant financial statements.
At the date of this report, there does not exist:
i) any charge on the assets of the Group or of the Company that has arisen since the end of the financial year which
secures the liabilities of any other person; or

36
DIRECTOR’S REPORT
ii) any contingent liability in respect of the Group and of the Company that has arisen since the end of the financial year.
No contingent liability or other liability of the Group and of the Company has become enforceable, or is likely to become
enforceable within the period of twelve months after the end of the financial year which, in the opinion of the directors, will or
may substantially affect the ability of the Group and of the Company to meet their obligations as and when they fall due.
AUDITORS
The auditors, Messrs. Hasyudeen & Co., retire and have expressed their willingness to accept re-appointment under the style
of Messrs. Khairuddin Hasyudeen & Razi.
Signed on behalf of the Board in accordance with a resolution of the directors,
IR. TUAN HAJI AZLAN AWANG TUAN HAJI ABDUL AZIZ BAKRI
Director Director
Dated: 24 April 2001
Shah Alam

37
STATEMENT BY DIRECTORS
We, the undersigned, being two of the directors of LANKHORST BERHAD, do hereby state that in the opinion of the
directors, the financial statements set out on pages 39 to 58 are drawn up in accordance with the provisions of the Companies
Act, 1965 and applicable approved accounting standards in Malaysia so as to give a true and fair view of the state of affairs of
the Group and of the Company as at 31 December 2000 and of their results and changes in equity and cash flows of the Group
and of the Company for the year ended on that date.
Signed on behalf of the Board in accordance with a resolution of the directors,
IR. TUAN HAJI AZLAN AWANG
Director
TUAN HAJI ABDUL AZIZ BAKRI
Director
Dated: 24 April 2001
Shah Alam
STATUTORY DECLARATION
I, TUAN HAJI ABDUL AZIZ BAKRI, being the executive director primarily responsible for the financial management of
LANKHORST BERHAD, do solemnly and sincerely declare that the financial statements set out on pages 39 to 58 are to the
best of my knowledge and belief, correct and I make this solemn declaration conscientiously believing the same to be true, and
by virtue of the provisions of the Statutory Declarations Act, 1960.
Subscribed and solemnly declared by the )
abovenamed at Shah Alam in the state of )
Selangor Darul Ehsan on this 24 day of April 2001) TUAN HAJI ABDUL AZIZ BAKRI
Before me,

38
AUDITORS’ REPORT
TO THE MEMBERS OF LANKHORST BERHAD
We have audited the financial statements set out on pages 39 to 58 of LANKHORST BERHAD comprising of the balance sheet
and the notes to the financial statements at 31 December 2000 and of the income statement, the statement of changes in
equity and the cash flow statement of the Group and of the Company for the year ended on that date.
The preparation of the financial statements are the responsibility of the Company’s directors. Our responsibility is to express
an opinion on the financial statements based on our audit.
We conducted our audit in accordance with the approved standards on auditing issued in Malaysia. These standards require
that we plan and perform the audit to obtain all the information and the explanations which we considered necessary to
provide us with sufficient evidence to give reasonable assurance that the financial statements are free of material misstatement.
Our audit includes examining, on a test basis, evidence relevant to the amounts and disclosures in the financial statements. Our
audit also includes assessment of the accounting principles used and significant estimates made by the directors as well as
evaluating the overall adequacy of the presentation of information in the financial statements. We believe our audit provides a
reasonable basis for our opinion.
In our opinion:
a) the financial statements are properly drawn up in accordance with the provisions of the Companies Act, 1965 and
applicable approved accounting standards in Malaysia so as to give a true and fair view of:
and
(i) the state of affairs of the Group and of the Company as at 31 December 2000 and of the results of their
operations and changes in equity and cash flows of the Group and of the Company for the year ended on
that date; and
(ii) the matters required by Section 169 of the Act to be dealt with in the financial statements of the Group
and of the Company;
b) the accounting and other records and the registers required by the Act to be kept by the Company and by its
subsidiary companies have been properly kept in accordance with the provisions of the Act.
We are satisfied that the financial statements of the subsidiary companies which have been consolidated with the Company’s
financial statements are in the form and content appropriate and proper for the purposes of the preparation of the consolidated
financial statements and we have received satisfactory information and explanations required by us for these purposes.
Our auditors’ reports on the financial statements of the subsidiary companies were not subject to any qualification and did not
include any comment required to be made under Section 174 (3) of the Act.
HASYUDEEN & CO. Nik Mohd Hasyudeen Yusoff
AF 0875 1576/12/02(J)
Public Accountants
Dated: 24 April 2001
Kuala Lumpur

BALANCE SHEET AS AT 31 DECEMBER 2000
39
FIXED ASSETS
INVESTMENT IN SUBSIDIARY COMPANIES
INVESTMENT IN ASSOCIATED COMPANIES
OTHER INVESTMENTS
DEVELOPMENT EXPENDITURE
DEFERRED EXPENDITURE
CURRENT ASSETS
Amount due from customers for contract work
Stocks
Trade debtors
Sundry debtors, deposits and prepayments
Amount due from subsidiary companies
Amount due from an associated company
Fixed deposits
Cash and bank balances
CURRENT LIABILITIES
Amount due to customers for contract work
Trade creditors
Sundry creditors and accruals
Amount due to directors
Hire purchase creditors
Borrowings
Provision for taxation
NET CURRENT ASSETS
FINANCED BY:
SHARE CAPITAL
SHARE PREMIUM
RESERVE ON CONSOLIDATION
UNAPPROPRIATED PROFITS/
(ACCUMULATED LOSSES)
Shareholders’ equity
MINORITY INTERESTS
LONG TERM LIABILITIES
Hire purchase creditors
Borrowings
Deferred taxation
NOTE
4
5
6
7
8
9
10
11
12
13
14
15
10
16
17
18
19
20
17
18
21
2000
RM
27,992,595
-
5,977,775
2,693,458
7,860,409
-
101,885,502
957,248
104,327,969
13,913,424
-
43,636
2,533,035
3,113,931
226,774,745
22,811,964
56,241,254
12,443,499
181,780
5,168,988
61,778,905
6,377,753
165,004,143
61,770,602
106,294,839
39,999,000
12,892,071
6,234,993
31,020,095
90,146,159
(910,396)
8,125,014
8,712,062
222,000
106,294,839
GROUP
1999
RM
(Restated)
30,623,905
-
5,727,241
2,693,458
16,554,099
15,795
93,747,246
253,538
55,593,446
11,097,135
-
264,574
1,961,796
5,386,656
168,304,391
11,737,464
48,338,016
7,917,198
109,430
5,051,364
57,620,373
3,371,630
134,145,475
34,158,916
89,773,414
39,999,000
12,892,071
6,234,993
18,615,737
77,741,801
(1,365,830)
10,202,424
3,178,019
17,000
89,773,414
The accompanying notes form an integral part of the financial statements
2000
RM
122,940
28,415,303
-
-
-
-
-
-
-
139,716
34,946,062
-
-
1,306
35,087,084
-
-
101,003
-
12,145
-
-
113,148
34,973,936
63,512,179
39,999,000
12,892,071
-
10,551,289
63,442,360
-
69,819
-
-
63,512,179
COMPANY
1999
RM
28,211
9,415,262
-
-
-
-
-
-
-
24,148
43,424,770
-
-
5,153
43,454,071
-
-
114,833
-
-
-
-
114,833
43,339,238
52,782,711
39,999,000
12,892,071
-
(108,360)
52,782,711
-
-
-
-
52,782,711

40
INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2000
Revenue
Cost of sales
Gross profit
Other operating income
Administrative expenses
Other operating expenses
Profit/(Loss) from operation
Finance cost
Exceptional item
Share of profit of associated companies
Profit/(Loss) before taxation
Taxation
Profit after taxation
Minority interest
Net profit after taxation for the year
Basic earnings per share (sen)
NOTE
22
23
24
25
26
2000
RM
GROUP
131,150,771
(108,307,527)
22,843,244
172,254
(14,072,596)
(1,525,977)
7,416,925
(1,763,449)
10,800,000
556,457
17,009,933
(4,153,649)
12,856,284
(451,926)
12,404,358
31
1999
RM
(Restated)
146,384,642
(129,824,772)
16,559,870
911,292
(13,802,203)
(160,757)
3,508,202
(2,200,855)
-
2,220,744
3,528,091
(792,769)
2,735,322
(320,117)
2,415,205
The accompanying notes form an integral part of the financial statements
6
2000
RM
259,900
-
259,900
-
(390,688)
-
(130,788)
(2,091)
10,800,000
-
10,667,121
(7,472)
10,659,649
-
10,659,649
COMPANY
1999
RM
258,765
-
258,765
1,399
(372,339)
-
(112,175)
-
-
-
(112,175)
-
(112,175)
-
(112,175)

41
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2000
Balance as at
31 December 1998
Prior year adjustment
(Note 33)
As restated
Net profit after taxation
for the year (restated)
Balance as at
31 December 1999
Net profit after taxation
for the year
Balance as at
31 December 2000
Share
Capital
RM
39,999,000
-
39,999,000
-
39,999,000
-
39,999,000
NON-DISTRIBUTABLE DISTRIBUTABLE
Share
Premium
RM
12,892,071
-
12,892,071
-
12,892,071
-
12,892,071
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2000
Balance as at
31 December 1998
Net loss for the year
Balance as at
31 December 1999
Net profit for the year
Balance as at
31 December 2000
Share
Capital
RM
39,999,000
-
39,999,000
-
39,999,000
Note 19
NON-DISTRIBUTABLE
Share
Premium
RM
12,892,071
Reserve on
consolidation
RM
6,234,993
-
6,234,993
-
6,234,993
-
6,234,993
The accompanying notes form an integral part of the financial statements
-
12,892,071
-
12,892,071
Unappropriated
profits
RM
21,725,436
(5,524,904)
16,200,532
2,415,205
18,615,737
12,404,358
31,020,095
DISTRIBUTABLE
Unappropriated
profits
RM
3,815
(112,175)
(108,360)
10,659,649
10,551,289
Total
RM
80,851,500
(5,524,904)
75,326,596
2,415,205
77,741,801
12,404,358
90,146,159
Total
RM
52,894,886
(112,175)
52,782,711
10,659,649
63,442,360

42
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2000
CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipt from customers
Cash payment to suppliers and subcontractors
Cash paid to employees and for expenses
Cash (used in)/generated from operations
Interest received
Interest paid
Tax paid
Net cash (used in)/generated from operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from disposal of fixed assets
Advances (to)/from subsidiary companies
Purchase of fixed assets - (*)
Purchase of investment
Net cash (used in)/generated from investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment to hire purchase creditors
Dividend paid
Net decrease in short term borrowing
Amount advanced by directors
Proceeds from exceptional item
Conversion of overdraft to term loan
Proceeds from issuance of share capital
from minority shareholders
Advances from/(to) associated company
Net cash generated from/(used in) financing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents brought forward
Cash and cash equivalents carried forward (Note 29)
2000
RM
90,040,565
(88,516,428)
(10,461,951)
(8,937,814)
177,166
(6,454,414)
(1,014,689)
(16,229,751)
981,104
-
(2,168,949)
-
(1,187,845)
(2,347,356)
(45,461)
(1,120,306)
72,350
10,678,000
11,184,329
160,000
-
18,581,556
1,163,960
(10,923,838)
(9,759,878)
1999
RM
170,961,057
(108,836,522)
(33,921,876)
28,202,659
47,727
(5,191,789)
(5,543,913)
17,514,684
2,304,290
-
(393,469)
(201,150)
1,709,671
(2,571,681)
(116,325)
(18,805,417)
67,390
-
-
-
(455,560)
(21,881,593)
(2,657,238)
(8,266,600)
(10,923,838)
NOTES TO CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2000
(*) PURCHASE OF FIXED ASSETS
During the year, the Group acquired fixed assets with an aggregate cost of RM5,647,949 (1999:RM393,469) of which
RM3,479,000 (1999:nil) were acquired by means of hire purchase arrangement and long term borrowing.
During the year, the Company acquired fixed assets with an aggregate cost of RM110,680 (1999:Nil) of which RM85,000
(1999:Nil) were acquired by means of hire purchase arrangement.
SUMMARY OF THE EFFECTS OF ACQUISITION OF SUBSIDIARY COMPANIES
Cash and bank balances
Other assets
Sundry creditors and accruals
Total purchase consideration
Less: Cash and cash equivalent of subsidiary companies acquired
Cash flow on acquisition, net of cash acquired
The accompanying notes form an integral part of the financial statements
GROUP COMPANY
2000
RM
-
-
(387,135)
(387,135)
-
(1,254)
(3,324)
(391,713)
-
(10,261,418)
(25,680)
-
(10,287,098)
2000
RM
4
7,408
(7,408)
(3,036)
-
-
-
10,678,000
-
-
-
10,674,964
4
(4)
-
(3,847)
5,153
1,306
1999
RM
295,200
-
(309,939)
(14,739)
1,399
-
(1,240)
(14,580)
-
237,632
-
-
237,632
-
(287,993)
-
-
-
-
-
-
(287,993)
(64,941)
70,094
5,153
1999
RM
-
-
-
-
-
-

43
NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2000
1. PRINCIPAL ACTIVITIES
The principal activities of the Company consist of investment holding and provision of management services. The
principal activities of the subsidiary companies are stated in Note 5 to the financial statements. There have been no
significant changes in the nature of these activities during the financial year under review.
2. BASIS FOR PREPARATION OF THE FINANCIAL STATEMENTS
The financial statements of the Company have been prepared in accordance with the provisions of the Companies
Act, 1965 and in compliance with applicable approved accounting standards in Malaysia.
3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
All significant accounting policies set out below are consistent with those applied in previous financial year except for
the policies on preliminary and pre-operating expenses and the classification of cash and cash equivalents as explained
below.
3.1 Accounting convention
The financial statements have been prepared under the historical cost convention modified by the revaluation
of leasehold quarry land.
3.2 Basis of consolidation
The consolidated financial statements include the audited financial statements of the Company and all its
subsidiary companies made up to the end of the financial year. The results of subsidiary companies acquired
or disposed off during the year are included in the consolidated income statement from the date of
their acquisition or up to the date of their disposal. Inter company transactions are eliminated on consolidation
and the consolidated financial statements reflect external transactions only. The proportion of the
profit and loss applicable to minority shareholders are deducted in arriving at the profit attributable to the
shareholders of the Company.
3.3 Goodwill/Reserve on consolidation
The difference between the purchase price and the value of net assets of subsidiary companies at the date
of acquisition is included in the consolidated balance sheet as goodwill or reserve arising on consolidation.
Goodwill arising on consolidation is contra off against reserve arising on consolidation and the balance
retained in the consolidated balance sheet at cost and is written down only when the directors are of the
opinion that there is a permanent diminution in its value.
3.4 Fixed assets and depreciation
Fixed assets are stated at cost or revalued amount less accumulated depreciation or amortisation.
The carrying value of the short term leasehold quarry land will be amortised over a period of 25 years
after commencement of the quarry operations.
Depreciation is provided on a straight line basis to write off the cost of the other fixed assets over their
estimated useful lives at the following principal annual rates:
Freehold land and building 2%
Furniture and fittings 10% - 20%
Office equipment 10% - 20%
Plant and machinery 10% - 20%
Motor vehicles 20%
Computers 10% - 33 1/3%
Renovation 10% - 33 1/3%
Revaluation of freehold land and buildings is undertaken in every 5 years. Surplus arising from revaluation
is credited directly to revaluation reserve. Deficit in excess of the revaluation reserve arising from previous
revaluation is charged to the income statement.

44
NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2000
3.5 Investment in subsidiary companies
Investment in subsidiary companies is stated at cost less write down for permanent diminution in value of
investment. Provision for permanent diminution is only made where in the opinion of the directors, there
is a permanent diminution in value. Permanent diminution in the value of an investment is recognised as an
expenses in the period in which the diminution is identified.
3.6 Investment in associated companies
An associated company is a company, other than a subsidiary company, in which the Group has a long term
equity interest of between 20% to 50% and where the Group has representative on the board and is in a
position to exercise significant influence over its financial and policy decisions.
The consolidated income statement includes the Group’s share of profits less losses of the associated
companies based on the latest available audited or management financial statements of the associated
companies concerned. In the consolidated balance sheet, the Group’s interest in the associated companies
are stated at cost, plus the Group’s share of post acquisition retained profits/losses and reserves.
3.7 Other investments
Other investments are stated at cost less write down for permanent diminution in value of investment.
3.8 Development expenditure
Development expenditure comprises construction and other related development cost including interest
cost and administrative overheads relating to the project. However, in compliance with MASB Standard No.
1, pre-operating expenses included in the development expenditure are not to be carried on the face of
balance sheet.
In order to conform with the benchmark treatment, this change in accounting policy has been accounted
for retrospectively. The comparative figures have been restated which assumes that the new policy had
always been in use.
3.9 Deferred expenditure
Deferred expenditure comprises preliminary and pre-operating expenses of certain subsidiary companies.
All expenses incurred by the Company prior to commencement of operation are treated as pre-operating
expenses. Preliminary and pre-operating expenses will be written off or amortised upon commencement
of commercial operation. However, in compliance with MASB Standard No. 1, the preliminary and preoperating
expenditure are not to be carried on the face of balance sheet.
In order to conform with the benchmark treatment, this change in accounting policy has been accounted
for retrospectively. The comparative figures have been restated which assumes that the new policy had
always been in use.
3.10 Amount due from/(to) customers for contract work
3.11 Stocks
Amount due from/(to) customers for contract work is stated at cost plus attributable profits less provision
for foreseeable losses and progress billings. Cost includes the cost of direct labour, materials, borrowings
cost and overhead expenses which were incurred in connection with the contracts.
Stocks consist of geosynthetic materials and spare parts of machinery stated at the lower of cost and net
realisable value after making allowance for obsolete and slow-moving stocks determined on first-in firstout
basis. Cost is defined as all expenditure incurred in bringing the stocks to their present condition and
location and is determined on weighted average basis.
3.12 Debtors
Known bad debts are written off and specific provision is made for any debts considered to be doubtful
of collection. In addition, a general provision based on a percentage of debtors is made to cover possible
losses which are not specifically identified.

45
NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2000
3.13 Accounting for hire purchase
The cost of assets acquired under hire purchase agreement is capitalised. The depreciation policy on these
assets is similar to that of the Group’s other fixed assets as set out in Note 3.4. Outstanding obligations
due under the hire purchase agreements after deducting finance expenses are included as liabilities in the
financial statements. Finance expenses pertaining to the hire purchase are capitalised as part of construction
work in progress. Other finance expenses are charged to the income statement over the duration of
the hire purchase agreement.
3.14 Taxation
Taxation is provided for based on the amount of tax estimated to be payable at current prevailing rates on
the operating profit for the year, adjusted for any permanent differences.
3.15 Deferred taxation
Deferred taxation is calculated on the liability method in respect of all material timing differences except
where the liability is not expected to arise in the foreseeable future. Deferred tax benefits are only recognised
where there is reasonable expectation of realisation in the near future.
3.16 Revenue recognition
Revenue from contract work is recognised on the percentage of completion method based on progress
billings in cases where the outcome of the contract can be reliably estimated. In cases where the outcome
cannot be reliably estimated, the revenue is recognised only to the extent of contract costs incurred that
is probable will be recoverable. In all cases, anticipated losses are provided for in full.
Revenue from property development projects are recognised on the percentage of completion method
based on the progress billings in cases where the outcome of the contract can be reliably estimated in
respect of all development units that have been sold. In cases where the outcome cannot be reliably
estimated, no profit should be recognised on the development units sold. Any estimated losses on these
property are provided for in full.
Revenue from sale of goods is measured at the fair value of the consideration receivable and is recognised
in the income statement when the significant risks and rewards of ownership have been transferred to the
buyer.
Income from investments is included in the income statement when the right to receive has been established.
Sales between Group companies are excluded from revenue of the Group.
3.17 Currency translation
Transactions in foreign currencies are recorded in Malaysian Ringgit at rates of exchange ruling at the time
of the transaction. Monetary assets and liabilities outstanding at balance sheet date denominated in foreign
currencies are translated at the rate of exchange ruling at that date. Gains and losses from foreign exchange
are taken to the income statement in the year which they arise.
3.18 Borrowing costs
Borrowing costs incurred directly attributable to the financing of the construction works are capitalised as
part of construction work in progress. Other borrowing costs are charged to the income statement as and
when incurred.
3.19 Cash and cash equivalents
Cash and cash equivalents comprise cash in hand, cash at bank, fixed deposits with licensed banks or
financial institutions and bank overdraft. With effect from the financial year revolving credits and trade
facilities are no longer regarded as cash and cash equivalents.

46
NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2000
4. FIXED ASSETS
Group
At valuation:
Short term leasehold quarry land
At cost:
Freehold land and building
Furniture and fittings
Office equipment
Plant and machinery
Motor vehicles
Computers
Renovation
At valuation:
Short term leasehold quarry land
At cost:
Freehold land and building
Furniture and fittings
Office equipment
Plant and machinery
Motor vehicles
Computers
Renovation
At valuation:
Short term leasehold quarry land
At cost:
Freehold land and building
Furniture and fittings
Office equipment
Plant and machinery
Motor vehicles
Computers
Renovation
Balance as at
1.1.2000
RM
2,500,000
350,000
1,508,946
2,875,941
30,242,142
15,018,537
2,162,729
2,200,459
56,858,754
Balance as at
1.1.2000
RM
200,000
57,400
556,079
1,483,672
13,488,556
8,867,518
717,803
863,821
26,234,849
2000
RM
2,200,000
2,821,342
808,290
1,184,983
14,581,600
4,019,998
1,277,292
1,099,090
27,992,595
Additions
RM
ACCUMULATED DEPRECIATION
Additions
RM
-
2,552,760
5,560
74,161
1,467,046
1,462,342
82,182
3,898
5,647,949
100,000
24,018
150,137
281,447
3,639,032
2,799,338
249,816
241,446
7,485,234
1999
RM
2,300,000
292,600
952,867
1,386,577
16,759,278
6,151,019
1,444,926
1,336,638
30,623,905
COST
Disposals
RM
Disposals
RM
-
-
-
-
-
(2,477,485)
-
-
(2,477,485)
-
-
-
-
-
(1,683,460)
-
-
(1,683,460)
Balance as at
31.12.2000
RM
2,500,000
2,902,760
1,514,506
2,950,102
31,709,188
14,003,394
2,244,911
2,204,357
60,029,218
Balance as at
31.12.2000
RM
300,000
81,418
706,216
1,765,119
17,127,588
9,983,396
967,619
1,105,267
32,036,623
NE T BOOK VALUE Depreciation
1999
RM
100,000
7,000
164,441
285,309
3,769,309
3,454,441
242,950
242,632
8,266,082

NOTES TO THE FINANCIAL STATEMENTS
47 31 DECEMBER 2000
Company
Computers
Renovation
Office equipment
Furniture and fittings
Motor vehicles
Computers
Renovation
Office equipment
Furniture and fittings
Motor vehicles
Computers
Renovation
Office equipment
Furniture and fittings
Motor vehicles
Balance as at
1.1.2000
RM
10,014
16,118
9,984
6,090
-
42,206
Additions
RM
9,937
-
-
-
100,743
110,680
COST
Disposals
RM
-
-
-
-
-
-
Balance as at
31.12.2000
RM
19,951
16,118
9,984
6,090
100,743
152,886
The net book value of fixed assets of the Group and of the Company which were acquired under hire purchase
arrangement are as follows:
GROUP
COMPANY
Plant and machinery
Motor vehicles
Balance as at
1.1.2000
RM
5,589
3,224
3,964
1,218
-
13,995
2000
RM
11,039
11,283
4,023
4,263
92,332
122,940
ACCUMULATED DEPRECIATION
2000
RM
8,356,032
3,669,927
12,025,959
Additions
RM
3,323
1,611
1,997
609
8,411
15,951
Details of borrowings where charges exist over certain fixed assets are disclosed in Note 18.
The short term leasehold quarry land of a subsidiary company has been stated at valuation which was carried out by
an independent professional valuer in 1996. No provision for deferred tax was made in view of the insignificant
amount involved.
Had the short term leasehold quarry land been carried at historical cost, the carrying amount of the revalued asset
that would have been included in the financial statements of the Group at the end of the financial year is RM880,000
(1999: RM920,000).
1999
RM
10,436,532
5,584,304
16,020,836
Disposals
RM
-
-
-
-
-
-
2000
RM
-
92,332
92,332
Balance as at
31.12.2000
RM
1999
RM
1999
RM
-
-
-
8,912
4,835
5,961
1,827
8,411
29,946
NE T BOOK VALUE Depreciation
1999
RM
4,425
12,894
6,020
4,872
-
28,211
2,016
1,612
1,997
609
-
6,234

48
NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2000
Depreciation charge for the year
Less: Depreciation capitalised in cost
incurred on uncompleted contracts (Note 10)
Depreciation charged to income statement
5. INVESTMENT IN SUBSIDIARY COMPANIES
Unquoted shares, at cost
Name of company
Lankhorst Pancabumi Contractors Sdn Bhd
Cardon (M) Sdn Bhd
Lankhorst Hartanah Sdn Bhd
Lankhorst International (Cayman) Pte Ltd
Subsidiary companies of Lankhorst Pancabumi Contractors Sdn Bhd.
Lankhorst Wastewater Technology Sdn Bhd
Lankhorst Oil and Gas Services Sdn Bhd
Lankhorst Quarry Management Sdn Bhd
Port Dickson Sepang Quarry Sdn Bhd
Rampai Budi-Jaya Sdn Bhd
Lankhorst Track Construction Sdn Bhd
Lankhorst M & E Sdn Bhd
Consortium Ibjay-Aritech System Sdn Bhd
Lankhorst Pavement Technologies Sdn Bhd
(formerly known as Lankhorst Asset. Sdn Bhd)
Subsidiary company of Cardon (M) Sdn Bhd
Tradepro Sdn Bhd
GROUP INTEREST (%)
2000
100
100
100
100
100
95
90
75.5
60
60
55
100
100
100
2000
RM
28,415,303
COMPANY
1999
RM
9,415,262
All the above subsidiary companies were incorporated in Malaysia except for Lankhorst International (Cayman) Pte
Ltd which was incorporated in the Cayman Islands, British West Indies.
*Temporarily ceased operations, however the management is pursuing several alternatives to revive the operations
of the subsidiary companies.
1999
100
100
100
100
100
95
90
75.5
60
60
55
-
-
100
Principal activities
Civil and geotechnical engineering and
building construction works.
Geotechnical engineering and trading
and application of geosynthetic materials.
Property development and investment.
Dormant.
Water and wastewater treatment works.
Oil and gas contracting and supply.
Quarry operations*.
Quarry operations*.
Turnkey contractor.
Railway track construction works.
Mechanical and electrical contractor.
Building and construction works.
Dormant.
General trading.
2000
RM
7,485,234
(3,939,242)
3,545,992
GROUP
1999
RM
8,266,082
(4,967,022)
3,299,060

NOTES TO THE FINANCIAL STATEMENTS
49 31 DECEMBER 2000
6. INVESTMENT IN ASSOCIATED COMPANIES
Unquoted shares, at cost
Post acquisition profit
Shares of net assets of associated company
Goodwill on consolidation
The associated companies, all of which are incorporated in Malaysia are as follows:
Name of company
Konsortium Panzana-Lankhorst Sdn Bhd *
Tractors Petroleum Services Sdn Bhd *
* Audited by another firm of public accountants.
7. OTHER INVESTMENTS
Investment, at cost
- Unquoted shares
- Others
8. DEVELOPMENT EXPENDITURE
Leasehold land, at cost
Development expenditure
GROUP INTEREST (%)
2000
40
35
Leasehold land of a subsidiary amounting to RM118,921 was pledged to the licensed financial institution as a collateral
for the revolving credit facility granted to the subsidiary company as stated in Note 18.
An adjustment of RM1,015,363 has been made retrospectively which represents the effect of changes in accounting
policy as mentioned in Note 3.8 and Note 33.
1999
40
35
2000
RM
875,040
5,102,735
5,977,775
2000
RM
5,827,775
150,000
5,977,775
Principal activities
GROUP
GROUP
Civil construction works.
1999
RM
875,040
4,852,201
5,727,241
1999
RM
5,577,241
150,000
5,727,241
Supply and services of Caterpillar engines
and equipment.
2000
RM
2,400,000
293,458
2,693,458
2000
RM
7,335,483
524,926
7,860,409
GROUP
GROUP
1999
RM
2,400,000
293,458
2,693,458
1999
RM
(Restated)
7,335,483
9,218,616
16,554,099

50
NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2000
9. DEFERRED EXPENDITURE
Deferred expenditure
An adjustment of RM7,734,270 has been made retrospectively which represents the effect of changes in accounting
policy policy as mentioned in Note 3.9 and Note 33.
10. AMOUNT DUE FROM/(TO) CUSTOMERS FOR CONTRACT WORK
Cost incurred on uncompleted construction contracts
Attributable profits
Foreseeable losses
Progress billings
Commitment fees collected
Amount due from customers
Amount due to customers
Advance received from customers as at year end amounting to RM12,242,548 (1999:RM10,342,729).
Included in cost incurred on uncompleted construction contracts for the year are the following:
Depreciation
Interest expense
- overdraft
- hire purchase
Hire of machinery
Rental of motor vehicles
Rental of premises
11. TRADE DEBTORS
Trade debtors
Less: Provision for doubtful debts
2000
RM
2000
RM
961,432,673
116,072,822
(608,286)
1,076,897,209
(997,823,671)
Included in the trade debtors are retentions amounting to RM10,970,893 (1999:RM18,746,246).
-
79,073,538
101,885,502
(22,811,964)
79,073,538
2000
RM
3,939,242
4,154,480
1,080,229
66,968
28,410
15,986
2000
RM
106,833,184
(2,505,215)
104,327,969
GROUP
1999
RM
(Restated)
-
GROUP
1999
RM
839,245,833
92,869,634
-
932,115,467
(850,011,033)
(94,652)
82,009,782
93,747,246
(11,737,464)
82,009,782
1999
RM
15,795
4,967,022
2,108,426
1,229,404
6,300
17,909
7,000
1999
RM
55,941,930
(348,484)
55,593,446

NOTES TO THE FINANCIAL STATEMENTS
51 31 DECEMBER 2000
12. SUNDRY DEBTORS, DEPOSITS AND PREPAYMENTS
Sundry debtors, deposits and prepayments
Less: Provision for doubtful debts
Included in sundry debtors of the Group is the expenditure incurred on a project undertaken by Lankhorst Pancabumi
Contractors Sdn. Bhd., a wholly owned subsidiary of the Company, amounting to RM3,905,101 (1999: RM4,329,361).
The project was subsequently awarded to another party. The subsidiary company is seeking compensation from the
third party and the negotiation on the matter is still ongoing.
13. AMOUNT DUE FROM SUBSIDIARY COMPANIES
Amount due from subsidiary companies is unsecured, interest free and has no fixed terms of repayment.
14. AMOUNT DUE FROM/(TO) AN ASSOCIATED COMPANY
Amount due from/(to) an associated company is unsecured, interest free and has no specific terms of repayment.
15. FIXED DEPOSITS
Fixed deposits:
Licensed banks
Other financial institutions
Fixed deposits with a licensed bank of RM261,866 (1999: RM257,299) was pledged to the bank as a collateral for the
overdraft facility granted to a subsidiary company as mentioned in Note 18.
16. AMOUNT DUE TO DIRECTORS
Amount due to directors is unsecured, interest free and has no specific terms of repayment.
17. HIRE PURCHASE CREDITORS
Hire purchase creditors
Interest in suspense
Amount repayable within 12 months
Amount repayable after 12 months
2000
RM
15,816,523
(2,522,521)
13,294,002
5,168,988
8,125,014
13,294,002
GROUP
1999
RM
19,151,958
(3,898,170)
15,253,788
5,051,364
10,202.424
15,253,788
2000
RM
14,427,946
(514,522)
13,913,424
2000
RM
2,064,281
468,754
2,533,035
GROUP
GROUP
1999
RM
11,097,135
-
11,097,135
1999
RM
1,401,387
560,409
1,961,796
COMPANY
2000
RM
115,815
(33,851)
81,964
12,145
69,819
81,964

52
NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2000
18. BORROWINGS (SECURED)
Current:
Overdrafts
Term loans
Bills payable
Revolving credit
Bankers acceptance/Trust receipts
Long term:
Term loans
Overdrafts and bills payable of a subsidiary company are secured by assignment of contract with 20% margin of
advance, a blanket two party legal assignment and also guaranteed jointly and severally by the subsidiary
company’s directors in their personal capacities. Interest is charged at 2% (1999: 2%) per annum above the bank’s
base lending rate.
The overdraft of another subsidiary company are secured by first fixed and floating charge over the subsidiary
company’s present and future assets, fixed deposits as stated in Note 15 and corporate guarantee from the Company.
Interest is charged at 2%(1999: 2%) per annum above the bank’s base lending rate.
The revolving credit facility of a subsidiary company is secured by means of registered fixed charged over the
leasehold land owned by the subsidiary and a corporate guarantee by the company. The facility is to be repaid at the
end of the loan period of 3 years or on April 2003. Interest is charged at 1.25% (1999: 1.25%) per annum above the
bank’s base lending rate calculated on the actual number of days elapse in a year of 365 days.
The trust receipt facility is secured via corporate guarantee from the Company and jointly and severally guaranteed
by all the directors. Interest is charged at 1.75% (1999: 1.75%) per annum above the bank’s base lending rate.
The term loans are secured by the followings:
(i) the execution of deed of assignment;
(ii) first and second legal charge on the freehold land and building;
(iii) a debenture covering first fixed and floating charge over present and future assets of the subsidiary company;
(iv) joint and several guarantee by the directors;
(v) a corporate guarantee by the Company; and
(vi) a blanket two party legal assignment
The first term loan of RM2,494,000 bears interest at 1.5% (1999: 1.5%) per annum above the bank’s base lending rate
and its repayble by 180 equal monthly instalments commencing 1 January 2001.
The second term loan of RM4,442,486 bears interest at 2% (1999: 2%) per annum above the bank’s base lending rate
and is repayble by 84 equal monthly instalments commencing 24 months after the first drawndown made on 9
August 1996. The repayment period is being re-negotiated by the subsidiary company.
Third term loan of RM11,184,329 bears interest at 2.5% (1999: 2.5%) per annum above the bank’s base lending rate
and is repayble by RM400,000 (minimum) per month or by deduction from progress payments received from new
project financed by the bank.
2000
RM
15,406,844
9,408,753
30,071,000
4,000,000
2,892,308
61,778,905
8,712,062
GROUP
1999
RM
18,272,290
1,264,467
34,044,366
2,000,000
2,039,250
57,620,373
3,178,019

NOTES TO THE FINANCIAL STATEMENTS
53 31 DECEMBER 2000
19. SHARE CAPITAL
Authorised:
Ordinary shares of RM1.00 each
Issued and fully paid up:
Ordinary shares of RM1.00 each
Issue of Restricted Warrants
During the year, the Company issued 5,066,750 restricted warrants free of charge to the shareholders (other than
the Guarantors and persons connected to them) on the basis of one (1) warrant for every four (4) existing ordinary
shares of RM1.00 each held in the Company pursuant to the waiver of profit guarantee.
The expiry date of the warrants is 8 December 2005 and the exercise price of the warrants is fixed at RM2.00. As
at the end of the financial year, none of the warrants have been exercised.
20. RESERVE ON CONSOLIDATION
Goodwill on consolidation
Reserve on consolidation
21. DEFERRED TAXATION
Balance at 1 January
Transfer to income statement
Balance at 31 December
The deferred tax liability arises from the timing differences between net book value and tax written down value of
fixed assets.
22. REVENUE
Revenue of the Group comprises progress billings during the year for work done on contracts, and invoiced value
of services rendered and materials sold.
Revenue of the Company represents gross dividends and management fees from its subsidiary companies.
23. EXCEPTIONAL ITEM
GROUP AND COMPANY
This consists of proceeds from the disposal of shares by certain major shareholders to compensate part of the Profit
Guarantee requirements as approved by the Securities Commission as further discussed in Note 31.
2000
RM
50,000,000
39,999,000
2000
RM
1,001,008
(7,236,001)
(6,234,993)
2000
RM
17,000
205,000
222,000
GROUP
GROUP
1999
RM
50,000,000
39,999,000
1999
RM
1,001,008
(7,236,001)
(6,234,993)
1999
RM
17,000
-
17,000

54
NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2000
24. PROFIT BEFORE TAXATION
Profit before taxation is arrived at after charging:
Auditors’ remuneration
Interest expense
- bank
- hire purchase
Directors’ remuneration
- fees
- other emoluments
Depreciation
Hire of machinery
Office rental
Doubtful debts
Retrenchment benefit
Car rental
Royalty
Rental of land/casting yard
Loss on disposal of fixed assets
and crediting:
Interest income
Rental income
Gain on disposal of fixed assets
The estimated monetary value of Directors’ benefits-in-kind for the Group and the Company are RM75,000 (1999:
RM78,000) and RM4,200 (1999: Nil) respectively.
25. TAXATION
Current year provision
Underprovision
in respect of previous years
Deferred taxation
Share of taxation in associated companies
No provision for taxation has been made on the exceptional item due to the nature of the receipts. As a result, the
effective tax rate for the year is lower than the statutory tax rate of 28%.
Pursuant to the Income Tax (Amendment) Act, 1999 all income (except for the dividend income) derived in 1999
would be waived from income tax. Accordingly, no provision for taxation was made in the financial statements for the
year ended 31 December 1999.
Subject to agreement with the Inland Revenue Board, the Company has tax credit under Section 108 of the Income
Tax Act, 1967 to frank all the payment of dividend out of its appropriated profit to the extend of RM26,200 without
incurring additional tax liability.
26. EARNINGS PER SHARE
2000
RM
75,500
1,543,279
220,170
74,167
1,433,366
3,545,992
12,052
679,357
2,671,253
-
104,182
-
12,000
12,530
186,167
89,000
199,607
2000
RM
3,146,000
496,725
205,000
3,847,725
305,924
4,153,649
GROUP
GROUP
The earnings per share is calculated by dividing the Group’s profit after taxation and minority interests by the
number of ordinary shares of 39,999,000 (1999: 39,999,000) in issue.
1999
RM
58,500
2,127,632
73,223
90,832
1,007,446
3,299,060
205,303
981,450
160,757
42,902
127,369
7,760
26,175
-
76,843
82,222
396,671
1999
RM
-
700,419
-
700,419
92,350
792,769
COMPANY
2000
RM
6,000
-
2,091
74,167
94,500
15,951
-
-
-
-
-
-
-
-
-
-
-
COMPANY
2000
RM
-
7,472
-
7,472
-
7,472
1999
RM
2,000
-
-
90,832
13,500
6,234
-
-
-
-
-
-
-
-
1999
RM
1,399
-
-
-
-
-
-
-
-

NOTES TO THE FINANCIAL STATEMENTS
55 31 DECEMBER 2000
27. SEGMENT INFORMATION
2000
Analysis by activity
Construction
Trading
Investment
Property development
Quarry operations
Intra group transactions
Associated companies
1999
Analysis by activity
Construction
Trading
Investment
Property development
Quarry operations
Intra group transactions
Associated companies
No geographical segment is presented as the Group operates principally in Malaysia.
28. SIGNIFICANT RELATED PARTY TRANSACTIONS
Management fees charged
to a subsidiary company
Progress billings received
from an associated company
2000
RM
Revenue
RM
153,426,033
2,743,168
259,900
3,012,976
155,331
159,597,408
(28,446,637)
131,150,771
The above transactions have been entered into in the normal course of business and have been established under
negotiated terms.
-
131,150,771
Revenue
RM
158,716,998
4,275,686
258,765
3,771,500
179,031
167,201,980
(20,817,338)
146,384,642
-
146,384,642
-
7,640,272
GROUP
1999
RM
-
2,479,841
Profit/(Loss)
before tax
RM
9,544,098
(7,277)
10,667,121
(1,833,536)
(1,916,930)
16,453,476
-
16,453,476
556,457
17,009,933
Profit/(Loss)
before tax
RM
4,736,215
(6,878)
(112,175)
(715,117)
(2,329,889)
1,572,156
(264,809)
1,307,347
2,220,744
3,528,091
2000
RM
259,900
COMPANY
-
Total assets
employed
RM
235,134,186
1,161,850
273,962
23,216,379
5,534,830
265,321,207
-
265,321,207
5,977,775
271,298,982
Total assets
employed
RM
187,064,615
1,389,552
57,512
23,362,374
6,317,595
218,191,648
-
218,191,648
5,727,241
223,918,889
1999
RM
258,765
-

56
NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2000
29. CASH AND CASH EQUIVALENTS
Cash and bank balances
Fixed deposits (Note 15)
Overdrafts
30. CONTINGENT LIABILITIES
Contingent liabilities of the Group in respect of bank guarantees and performance bonds in favour of local licensed
banks amounted to RM45,000,000 (1999: RM54,000,000). In addition, legal claims against the Group that is not
provided for in the financial statements at the end of the financial year stood at RM2,800,000.
31. SIGNIFICANT EVENTS DURING THE YEAR
2000
RM
3,113,931
2,533,035
(15,406,844)
(9,759,878)
31.1 On 13 March 2000, the Securities Commission had approved the proposal submitted by the Company to
vary certain terms and conditions of the Profit Guarantee and Stakeholder Agreement dated 18 June 1997,
as set out below:
(i) a waiver of the shortfall in the Profit Guarantee amounting to RM15,855,668 for the financial
year ended 31 December 1999;
(ii) a waiver of the Profit Guarantee amounting to RM19,969,200 for the financial year ended 31
December 2000; and
(iii) proposed restricted issue of up to a maximum of 8,133,500 warrants issued free of charge to
entitled shareholders on the basis of one (1) warrant for every (2) ordinary shares of RM1.00
each held in the Company.
The abovesaid proposal was approved by the Securities Commission subject to the terms and conditions
set out below:
(i) the respective Guarantors are to furnish a statutory declaration of their financial networth;
(ii) the Guarantors are to dispose their shareholding of the 4 million shares of the Company, deposited
with the Stakeholder under the terms of the existing Stakeholder Agreement (“Deposited
Agreement”), to meet the shortfall between the aggregate guaranteed profits and the actual
profits achieved by the Company;
(iii) the restricted warrants issue based on the balance of the Profit Guarantee not fulfilled. In this
regard, the Company is to submit a scheme for the proposed restricted warrants issue for the
Securities Commission consideration and approval; and
(iv) the warrants issue is not to be offered to the Guarantors and person(s) connected to them.
31.2 On 21 March 2000, the Company announced that it has been informed by the Guarantors that they will be
making an appeal to the Securities Commission’s conditional approval of the proposal.
31.3 Subsequently, on 13 April 2000, the Company announced that it has been informed by the Guarantors that
they will not be making any appeal to the Securities Commission on its conditional approval of the proposals
and would proceed with the proposal as approved by the Securities Commission.
31.4 Profit Guarantee/Issue of Restricted Warrants
GROUP
Subsequent to the Securities Commission approval via its letter dated 13 March 2000 whereby one of the
conditions imposed is that the Guarantors are to dispose their shareholding of the Deposited Securities
to recover the shortfall between the aggregate guaranteed profits and the actual profits achieved by
Lankhorst.
1999
RM
5,386,656
1,961,796
(18,272,290)
(10,923,838)
COMPANY
2000
RM
1,306
-
-
1,306
1999
RM
5,153
-
-
5,153

57
NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2000
Following the instruction by the special committee set up by the Board of Directors of the Company, the
Stakeholder disposed the Deposited Securities through a stockbroker to recover the profit shortfall.
The advisor, Messrs. Utama Merchant Bank Berhad, on 26 July 2000 submitted a scheme for the proposed
restricted warrants issue (“Restricted Issue”) for the Securities Commission consideration and approval.
The proposal was approved by the Securities Commission on 30 August 2000 subject to the exercise price
of the warrants be fixed at a discount of not more than 10% to the five (5) day weighted average price of
the Company’s shares preceding the price fixing date (i.e. the date between the approval and the Book
Closure date).
The Board of Directors on 22 September 2000 then fixed the exercise price of the warrants at RM2.00
being an approximately 10% discount or RM0.22 to the five (5) day weighted average market price of the
Company’s shares. The exercise price of the warrants was announced through our Messrs. Utama Merchant
Bank Berhad on 25 September 2000.
Messrs. Utama Merchant Bank Berhad then on 3 October 2000 proceeded with the application to the
Kuala Lumpur Stock Exchange for the listing and quotation of the restricted issue of 5,066,750 warrants to
be issued free of charge to the entitled shareholders on the basis of one (1) warrant for every four (4)
existing ordinary shares held in the Company and the listing of 5,066,750 new ordinary shares of RM1.00
each arising from the exercise of 5,066,750 warrants. On 16 October 2000, the Kuala Lumpur Stock
Exchange approved-in-principle the admission to the Official List of the Kuala Lumpur Stock Exchange and
the listing and quotation of the warrants and the new ordinary shares arising from the exercise of the
warrants. Hence all approvals for the proposed Restricted Issue had been obtained.
The Company then announced the Book Closure Date for the warrants entitlement on 31 October 2000
and the Register of Members was closed on 28 November 2000 to 29 November 2000 (both dates
inclusive) to determine shareholders’ entitlement to the Restricted Issue. Save for the Guarantors and
persons connected to them, the restricted issue of warrants was allotted to shareholders whose name
appeared in the Register of Members and record of Depositors on 27 November 2000. The warrants were
successfully listed on the KLSE on 26 December 2000.
31.5 On 22 February 2000, the Company through its wholly owned subsidiary, Lankhorst Pancabumi Contractors
Sdn. Bhd. subscribed an additional 240,000 ordinary shares of RM1.00 each at par in Rampai Budi Jaya
Sdn. Bhd. by way of capitalisation of cash advances made to Rampai Budi Jaya Sdn. Bhd.
31.6 On 11 July 2000, the Company through its wholly owned subsidiary, Lankhorst Pancabumi Contractors
Sdn. Bhd. acquired the whole issued and paid up capital of Lankhorst Pavement Technologies Sdn. Bhd.
(formerly known as Lankhorst Asset Sdn. Bhd.) of RM2.00 for a cash consideration of RM2.00.
Aside from Ir. Tuan Haji Azlan Awang and Tuan Haji Abdul Aziz Bakri who held one (1) share each in
Lankhorst Asset Sdn. Bhd. since 25 September 1996 and deemed interested in the said transaction, none of
the other directors of the Company has any interest either directly or indirectly in the said transaction.
31.7 On 4 October 2000, the Company subscribed an additional 19,000,000 ordinary shares of RM1.00 each at
par in Lankhorst Pancabumi Contractors Sdn. Bhd. by way of capitalisation of cash advances made to
Lankhorst Pancabumi Contractors Sdn. Bhd.
31.8 On 19 October 2000, the Company through its wholly owned subsidiary, Lankhorst Pancabumi Contractors
Sdn. Bhd. acquired Consortium Ibjay-Aritech System Sdn. Bhd. at a nominal cash consideration of
RM2.00 for the issued and paid up capital of RM2.00.
32. SUBSEQUENT EVENTS
None of the directors has any interests in this transaction either directly or indirectly.
Proposed Rights Issue/Employees’ Share Option Scheme (ESOS)
The Company through its advisor Messrs. Commerce International Merchant Bank Berhad (CIMB) announced on
12 January 2001 the following:
(i) proposed renounceable Rights Issue of up to 90,131,500 ordinary shares of RM1.00 each at the issue price
of RM1.00 each per Rights Share on the basis of two (2) Rights Shares for every one (1) existing ordinary
share of RM1.00 each held; and
(ii) proposed Employees’ Share Option Scheme (ESOS) for eligible directors and employees of the Company
and its subsidiaries.

58
NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2000
The Company is in the process of finalising the submission to the Securities Commission and other relevant authorities.
The submission to the Securities Commission and other relevant authorities will be made within six (6) months
from the date of announcement.
On 23 February 2001, the Company through its wholly owned subsidiary, Lankhorst Pancabumi Contractors Sdn.
Bhd. acquired the whole issued and paid up capital of Konsep Kukuh Sdn. Bhd for a cash consideration of RM2,400.
None of the directors of the Company has any interest, either directly or indirectly in the said transaction.
33. PRIOR YEAR ADJUSTMENT
Prior year adjustment is in respect of the change in accounting policy on the treatment of preliminary and preoperating
expenses in line with the requirements of MASB Standard No. 1: Presentation of Financial Statements. This
change has been accounted for retrospectively.
Comparative information have been restated to conform with the prior year adjustment. This has the effect of
increasing net profit for the year ended 31 December 1999 by RM462,682 for the Group. The effects are as follows:
Group
Unappropriated profit at 1 January 1999
Net profit for the year ended 31 December 1999
Unappropriated profit at 31 December 1999
34. COMPARATIVE FIGURES
Following the adoption of MASB Standards in the preparation of this set of financial statements, the presentation and
classification of certain items in the financial statements have been amended. Accordingly, comparative amounts for
those items have been reclassified to ensure comparability with the current financial year.
35. OTHER RELEVANT INFORMATION
Staff cost
Number of employees
2000
RM
5,247,852
As previously
reported
RM
312
21,725,436
1,952,523
23,677,959
GROUP
1999
RM
5,519,655
Effect of prior
year adjustment
RM
355
(5,524,904)
462,682
(5,062,222)
2000
RM
128,002
COMPANY
3
As restated
RM
16,200,532
2,415,205
18,615,737
1999
RM
122,061
3

PENY PENYATA PENY A KEW KEWANGAN
KEW ANGAN

60
LAPORAN PENGARAH
Para pengarah dengan sukacitanya membentangkan laporan mereka dan penyata kewangan beraudit Kumpulan serta Syarikat
bagi tahun kewangan berakhir 31 Disember 2000.
AKTIVITI-AKTIVITI UTAMA
Aktiviti-aktiviti utama Syarikat merangkumi pegangan pelaburan dan peruntukan perkhidmatan pengurusan. Aktiviti-aktiviti
utama syarikat-syarikat subsidiari adalah seperti yang dinyatakan dalam Nota 5 penyata kewangan. Tiada perubahan yang
ketara berlaku pada aktiviti-aktiviti tersebut bagi tahun dalam tinjauan.
KEPUTUSAN KEWANGAN
Keuntungan selepas cukai
Kepentingan minoriti
Keuntungan tersedia untuk pengagihan kepada pemegang saham
Keuntungan belum diagih dibawa ke hadapan (dinyatakan semula)
Keuntungan tersedia untuk pengagihan
Pada pendapat para pengarah, keputusan operasi Kumpulan dan Syarikat untuk tahun kewangan berakhir 31 Disember 2000
tidak terjejas oleh sebarang perkara,urusniaga atau peristiwa penting dan luar biasa semasa tahun dalam tinjauan mahupun di
antara waktu tersebut dengan tarikh laporan ini, kecuali butiran terkecuali yang dinyatakan dalam Nota 23 dan penghapus
kiraan perbelanjaan permulaan dan sebelum operasi sebagai pelarasan tahun sebelumnya seperti yang dinyatakan dalam Nota
33 bagi penyata kewangan.
DIVIDEN
Tiada dividen dicadangkan atau diisytiharkan oleh Syarikat untuk tahun berakhir 31 Disember 2000.
RIZAB DAN PERUNTUKAN
Tiada sebarang pindahan penting kepada atau daripada rizab dan peruntukan sepanjang tahun kewangan selain daripada yang
dinyatakan di dalam penyata kewangan.
PARA PENGARAH SYARIKAT
Para pengarah yang memegang jawatan sejak tarikh laporan terakhir adalah:
Kumpulan
RM
12,856,284
(451,926)
12,404,358
18,615,737
31,020,095
YBhg Dato’ Idris Jusoh (dilantik pada 8.6.2000)
YBhg Dato’ Sari @ Shaari Majihin @ Mat Jihin
YBhg Dato’ Haji Mohd Nor Abdul Wahid
Ir. Tuan Haji Azlan Awang
Tuan Haji Abdul Aziz Bakri
Tuan Haji Hassan Tan Sri Ibrahim
Tuan Haji Mat Hassan Esa (Bersara pada 24.11.2000)
Mustaffa Abd Latiff (dilantik pada 8.6.2000 dan
bersara pada 24.11.2000)
Azhar Mohd (dilantik pada 1.11.2000 dan
bersara pada 23.2.2001)
Norleza Abu Bakar (dilantik pada 23.2.2001)
Syarikat
RM
10,659,649
-
10,659,649
(108,360)
10,551,289
Menurut Artikel 81 Tataurusan Syarikat, Tuan Haji Abdul Aziz Bakri bersara pada Mesyuarat Agung Tahunan yang akan datang,
dan kerana layak, menawarkan diri untuk dilantik semula.

61
LAPORAN PENGARAH
Menurut Artikel 88 Tataurusan Syarikat, YBhg Dato’ Idris Jusoh dan Norleza Abu Bakar bersara pada Mesyuarat Agung Tahunan
yang akan datang, dan kerana layak, menawarkan diri mereka untuk dilantik semula.
Para pengarah yang bertugas pada akhir tahun kewangan yang mempunyai kepentingan dalam saham Syarikat sepanjang tahun
kewangan ini adalah seperti berikut:
Secara langsung
Ir. Tuan Haji Azlan Awang
Tuan Haji Abdul Aziz Bakri
Secara tak langsung
Ir. Tuan Haji Azlan Awang
Tuan Haji Abdul Aziz Bakri
Berdasarkan kepada kepentingan mereka dalam Syarikat, Ir. Tuan Haji Azlan Awang dan Tuan Haji Abdul Aziz Bakri dianggap
berkepentingan dalam saham syarikat-syarikat subsidiari setakat mana Syarikat mempunyai kepentingan.
Selain daripada yang dinyatakan di atas, tiada para pengarah lain yang memegang jawatan pada akhir tahun kewangan ini yang
mempunyai kepentingan dalam saham Syarikat dan syarikat-syarikat subsidiari sepanjang tahun ini.
MANFAAT PARA PENGARAH
Semenjak akhir tahun kewangan yang lepas, tiada pengarah Syarikat yang telah menerima atau berhak menerima sebarang
manfaat (selain daripada yang dinyatakan di dalam penyata kewangan) berikutan dari kontrak yang dibuat oleh Syarikat atau
syarikat berkaitan dengan pengarah atau firma di mana pengarah berkenaan mempunyai kepentingan kewangan yang nyata.
Sepanjang dan pada akhir tahun ini, Syarikat tidak melibatkan diri dalam sebarang rancangan bertujuan membolehkan para
pengarah Syarikat mendapat faedah melalui pembelian saham atau debentur Syarikat atau lain-lain badan korporat.
TERBITAN SAHAM
Tiada pergerakan dalam modal saham Syarikat dalam tahun kewangan ini.
PEMBERIAN OPSYEN KE ATAS SAHAM YANG BELUM TERBIT
Tiada opsyen diberi kepada sesiapa untuk memperolehi saham belum terbit Syarikat sepanjang tahun ini.
PERISTIWA PENTING SEPANJANG TAHUN
Bilangan saham biasa bernilai RM1.00 setiap satu
Baki pada
1.1.2000
611,145
355
20,388,305
20,279,195
Diperolehi
Baki pada
31.12.2000
611,145
355
18,188,305
18,479,195
(a) Pada 13 Mac 2000, Suruhanjaya Sekuriti telah meluluskan cadangan pindaan kepada terma-terma dan syarat-syarat
tertentu Kewajipan Jaminan Keuntungan yang terkandung di dalam Perjanjian Pemegang Amanah bertarikh 18 Jun
1997 seperti yang dinyatakan di bawah:
(i) penepian daripada membayar sejumlah RM15,855,668 yang merupakan perbezaan di antara jumlah Kewajipan
Jaminan Keuntungan dan keuntungan yang sebenar dicapai, bagi tahun kewangan berakhir 31 Disember
1999;
(ii) penepian daripada Kewajipan Jaminan Keuntungan sebanyak RM19,969,200 bagi tahun kewangan berakhir
31 Disember 2000; dan
(iii) cadangan terbitan terhad sehingga sebanyak 8,133,500 waran diterbitkan percuma kepada para pemegang
saham yang layak berasaskan satu (1) waran bagi setiap dua (2) saham biasa bernilai RM1.00 sesaham yang
dimiliki.
-
-
-
-
Dijual
-
-
(2,200,000)
(1,800,000)

LAPORAN PENGARAH
62
Cadangan di atas telah diluluskan oleh Suruhanjaya Sekuriti dan tertakluk kepada terma-terma dan syarat-syarat
berikut:
(i) para Penjamin dikehendaki mengemukakan perakuan ke atas kedudukan kewangan bersih mereka;
(ii) para Penjamin dikehendaki menjualkan sejumlah 4,000,000 saham Syarikat pegangan mereka yang kini
disimpan dengan Pemegang Amanah di bawah Perjanjian Pemegang Amanah (Perjanjian Tersimpan) yang
sedia ada, bagi menampung perbezaan di antara jumlah Kewajipan Jaminan Keuntungan dan keuntungan
sebenar yang dicapai oleh Syarikat;
(iii) terbitan waran terhad berdasarkan baki Kewajipan Jaminan Keuntungan yang belum dijelaskan. Berhubung
dengan ini, Syarikat adalah dikehendaki mengemukakan skim terbitan waran terhad tersebut untuk
pertimbangan dan kelulusan Suruhanjaya Sekuriti; dan
(iv) terbitan waran tidak boleh ditawarkan kepada para Penjamin atau mana-mana pihak yang berkaitan dengan
mereka.
Pada 21 Mac 2000, setelah dimaklumkan oleh pihak Penjamin, Syarikat telah mengumumkan bahawa pihak Penjamin
akan merayu kepada Suruhanjaya Sekuriti ke atas kelulusan bersyarat yang dicadangkan.
Berikutan daripada itu, pada 13 April 2000, setelah dimaklumkan oleh pihak Penjamin, Syarikat telah mengumumkan
bahawa pihak Penjamin tidak akan membuat sebarang rayuan kepada Suruhanjaya Sekuriti ke atas kelulusan bersyarat
yang dicadangkan tersebut dan akan meneruskan cadangan seperti yang diluluskan oleh Suruhanjaya Sekuriti.
Susulan kepada kelulusan Suruhanjaya Sekuriti melalui surat bertarikh 13 Mac 2000 dimana salah satu syarat yang
dikenakan dimana para Penjamin perlu menjual pegangan di dalam Sekuriti Tersimpan untuk menampung perbezaan
diantara jumlah Kewajipan Jaminan Keuntungan dan keuntungan sebenar yang dicapai oleh Lankhorst.
Berpandukan kepada arahan oleh ahli jawatankuasa khas yang dibentuk oleh Lembaga Pengarah Syarikat, Pemegang
Amanah telah menjual Sekuriti Tersimpan melalui broker saham untuk menampung perbezaan keuntungan.
Pada 26 Julai 2000, Penasihat Syarikat, Tetuan Utama Merchant Bank Berhad telah menghantar satu saranan untuk
cadangan terbitan waran terhad (“Terbitan Terhad”) untuk pertimbangan dan kelulusan Suruhanjaya Sekuriti. Cadangan
tersebut telah diluluskan oleh Suruhanjaya Sekuriti pada 30 Ogos 2000 bergantung kepada harga penukaran waran
mesti ditetapkan pada diskaun tidak lebih daripada 10% kepada lima (5) hari harga purata wajaran untuk harga saham
Syarikat sebelum tarikh penetapan harga (iaitu diantara tarikh kelulusan dan tarikh penutupan buku).
Pada 22 September 2000 Lembaga Pengarah telah menetapkan penukaran waran pada harga RM2.00 dimana bersamaan
dengan 10% diskaun atau RM0.22 kepada lima (5) hari harga purata wajaran pasaran saham Syarikat. Harga penukaran
waran telah diumumkan pada 25 September 2000 melalui Tetuan Utama Merchant Bank Berhad.
Pada 3 Oktober 2000, Tetuan Utama Merchant Bank Berhad telah menghantar satu permohonan kepada Bursa
Saham Kuala Lumpur untuk penyenaraian dan penawaran harga 5,066,750 terbitan waran terhad untuk diberi percuma
kepada para pemegang saham yang layak berasaskan satu (1) waran bagi setiap empat (4) saham biasa Syarikat yang
dimiliki dan penyenaraian 5,066,750 saham biasa baru bernilai RM1.00 sesaham yang terbit dari penukaran 5,066,750
waran. Pada 16 Oktober 2000, Bursa Saham Kuala Lumpur pada dasarnya telah meluluskan kemasukan ke dalam
Senarai Rasmi Bursa Saham Kuala Lumpur dan penyenaraian dan penawaran untuk waran dan saham biasa baru yang
terbit dari penukaran waran. Selanjutnya segala kelulusan untuk Terbitan Terhad telah diterima.
Syarikat kemudiannya telah mengumumkan 31 Oktober 2000 sebagai tarikh penutupan buku untuk kelayakan mendapat
waran dan penutupan daftar ahli pada 28 November 2000 hingga 29 November 2000 (termasuk kedua-dua tarikh)
untuk mengenalpasti para pemegang saham yang layak untuk Terbitan Terhad. Kecuali bagi para Penjamin atau manamana
pihak yang berkaitan dengan mereka, terbitan waran terhad telah diperuntukan kepada para pemegang saham
dimana nama-nama mereka tersiar di dalam Daftar Ahli dan Rekod Penyimpan pada 27 November 2000. Pada 26
Disember 2000 waran tersebut telah berjaya disenaraikan di Bursa Saham Kuala Lumpur.
(b) Pada 22 Februari 2000, Syarikat melalui subsidiari milik penuh, Lankhorst Pancabumi Contractors Sdn Bhd telah
bersetuju membeli 240,000 saham biasa tambahan bernilai RM1.00 sesaham pada nilai tara di dalam Rampai Budi Jaya
Sdn Bhd dengan cara memodalkan pendahuluan tunai yang dibuat kepada Rampai Budi Jaya Sdn Bhd.
(c) Pada 11 Julai 2000, Syarikat melalui syarikat subsidiari milik penuh, Lankhorst Pancabumi Contractors Sdn Bhd telah
memperolehi semua modal terbitan dan berbayar di dalam Lankhorst Pavement Technologies Sdn Bhd (dahulu dikenali
sebagai Lankhorst Asset Sdn Bhd) berjumlah RM2.00 dengan pertimbangan tunai RM2.00.

63
LAPORAN PENGARAH
Selain daripada Ir. Tuan Haji Azlan Awang dan Tuan Haji Abdul Aziz Bakri yang memiliki satu (1) saham tiap seorang di
dalam Lankhorst Asset Sdn Bhd semenjak 25 September 1996 dan mempunyai kepentingan di dalam urusniaga
tersebut, tiada diantara para pengarah lain Syarikat mempunyai kepentingan samada secara langsung atau tak langsung
di dalam urusniaga tersebut.
(d) Pada 4 Oktober 2000, Syarikat telah setuju membeli 19,000,000 saham biasa tambahan bernilai RM1.00 sesaham
pada nilai tara di dalam Lankhorat Pancabumi Contractors Sdn Bhd dengan cara memodalkan pendahuluan tunai
yang dibuat kepada Lankhorst Pancabumi Contractors Sdn Bhd.
(e) Pada 19 Oktober 2000, Syarikat melalui syarikat subsidiari milik penuh, Lankhorst Pancabumi Contractors Sdn Bhd
telah memperolehi Consortium Ibjay-Aritech Sdn Bhd dengan pertimbangan tunai nominal RM2.00 untuk modal
terbitan dan berbayar sebanyak RM2.00.
Tiada diantara para pengarah mempunyai kepentingan di dalam urusniaga ini samada secara langsung atau tidak langsung.
PERISTIWA-PERISTIWA SUSULAN
(a) Pada 12 Januari 2001, Syarikat melalui penasihatnya, Tetuan Commerce International Merchant Bankers Berhad
(CIMB) telah mengumumkan perkara-perkara berikut:
(i) cadangan Tebitan Hak boleh pindah milik sehingga 90,131,500 saham biasa bernilai RM1.00 sesaham pada
harga terbitan RM1.00 sesaham Hak berasaskan dua (2) Saham Hak bagi setiap satu (1) saham biasa yang
dimiliki bernilai RM1.00 sesaham; dan
(ii) cadangan Skim Opsyen Saham Kakitangan kepada para pengarah dan para kakitangan yang layak bagi Syarikat
dan syarikat-syarikat subsidiari.
Syarikat sedang dalam proses persediaan akhir penyerahan permohonan kepada Suruhanjaya Sekuriti dan pihakpihak
berkuasa yang lain. Penyerahan permohonan kepada Suruhanjaya Sekuriti dan pihak-pihak berkuasa yang lain
akan dibuat dalam tempoh enam (6) bulan dari tarikh pengumuman.
(b) Pada 23 Februari 2001, Syarikat melalui syarikat subsidiari milik penuh, Lankhorst Pancabumi Contractors Sdn Bhd
telah memperolehi semua modal terbitan dan berbayar di dalam Konsep Kukuh Sdn Bhd dengan pertimbangan tunai
berjumlah RM2,400.
Tiada diantara para pengarah mempunyai kepentingan di dalam urusniaga ini samada secara langsung atau tidak
langsung.
LAIN-LAIN MAKLUMAT BERKANUN
Sebelum penyata kewangan dan kunci kira-kira Kumpulan dan juga Syarikat disediakan, para pengarah telah mengambil langkah
- langkah yang wajar untuk memastikan bahawa:
i) semua hutang lapuk yang diketahui telah dilupuskan dan peruntukan yang cukup telah disediakan bagi hutang ragu;
dan
ii) semua aset semasa telah dinyatakan pada nilai terendah antara kos dan nilai jualan bersih.
Pada tarikh laporan ini, para pengarah Syarikat tidak mengetahui adanya sebarang keadaan:
i) yang mungkin menyebabkan jumlah pelupusan hutang lapuk atau jumlah peruntukan bagi hutang ragu dalam penyata
kewangan Kumpulan dan juga Syarikat tidak mencukupi; atau
ii) yang mungkin menyebabkan cara penilaian aset semasa dalam penyata kewangan Kumpulan dan juga Syarikat
mengelirukan; atau
iii) yang telah timbul dan menyebabkan cara penilaian aset atau liabiliti Kumpulan dan juga Syarikat mengelirukan atau
tidak sesuai; atau
iv) yang mungkin akan mengakibatkan sebarang amaun yang dinyatakan dalam penyata kewangan Kumpulan dan juga
Syarikat mengelirukan, selain dari yang diliputi dalam laporan ini dan penyata kewangan yang berkenaan.
Pada tarikh laporan ini, tidak wujud:
i) sebarang tindihmilik ke atas aset Kumpulan dan juga Syarikat yang telah timbul sejak akhir tahun kewangan ini yang
menjamin liabiliti pihak lain; atau

LAPORAN PENGARAH
64
ii) sebarang liabiliti luarjangka berhubung dengan Kumpulan dan juga Syarikat yang telah timbul sejak akhir tahun kewangan
ini.
Tiada liabiliti luarjangka atau liabiliti lain Kumpulan dan juga Syarikat telah dikuatkuasakan, atau berkemungkinan akan
dikuatkuasakan dalam jangkamasa dua belas bulan selepas akhir tahun kewangan ini yang mana, pada pendapat para pengarah,
akan atau mungkin secara nyata menjejaskan keupayaan Kumpulan dan juga Syarikat untuk memenuhi tanggungjawab mereka
apabila tiba masanya kelak.
JURUAUDIT
Pihak juruaudit, Tetuan Hasyudeen & Co., bersara dan menyatakan kesudian mereka untuk dilantik semula di bawah pengurusan
Tetuan Khairuddin Hasyudeen & Razi.
Ditandatangani bagi pihak Lembaga Pengarah menurut resolusi para pengarah.
IR. TUAN HAJI AZLAN AWANG TUAN HAJI ABDUL AZIZ BAKRI
Pengarah Pengarah
Bertarikh: 24 April 2001
Shah Alam

65
PENYATA PENGARAH
Kami, yang bertandatangan di bawah, dua daripada para pengarah LANKHORST BERHAD, dengan ini menyatakan bahawa pada
pendapat para pengarah, penyata kewangan dan nota-nota di muka 67 hinggga 86 telah disusun menurut peruntukan Akta
Syarikat, 1965 dan piawaian perakaunan yang diluluskan di Malaysia supaya menunjukkan pandangan yang benar dan saksama
berkenaan kedudukan Kumpulan dan Syarikat pada 31 Disember 2000 dan hasil operasi Kumpulan dan Syarikat dan perubahan
dalam ekuiti Kumpulan dan Syarikat serta aliran tunai Kumpulan dan Syarikat bagi tahun berakhir pada tarikh tersebut.
Ditandatangani bagi pihak Lembaga Pengarah menurut resolusi para pengarah,
IR. TUAN HAJI AZLAN AWANG
Pengarah
TUAN HAJI ABDUL AZIZ BAKRI
Pengarah
Bertarikh: 24 April 2001
Shah Alam
PERAKUAN BERKANUN
Saya, ABDUL AZIZ BAKRI, pengarah eksekutif yang terutama bertanggungjawab ke atas pengurusan kewangan LANKHORST
BERHAD, dengan sesungguhnya dan seikhlasnya berikrar bahawa penyata kewangan di muka 67 hinggga 86 sebaik-baik pengetahuan
dan kepercayaan saya, adalah betul dan saya membuat ikrar ini dengan sebenarnya mempercayai bahawa ianya benar dan
menurut peruntukan-peruntukan Akta Akuan Berkanun, 1960.
Ditandatangani dan diikrarkan di )
Shah Alam dalam negeri Selangor )
Darul Ehsan pada 24 hari bulan April 2001 ) TUAN HAJI ABDUL AZIZ BAKRI
Di hadapan saya,

66
LAPORAN JURUAUDIT
KEPADA AHLI-AHLI LANKHORST BERHAD
Kami telah mengaudit penyata kewangan LANKHORST BERHAD yang dibentangkan di mukasurat 67 hinggga 86 yang terdiri
daripada kunci kira-kira dan nota-nota berkenaan penyata kewangan pada 31 Disember 2000 dan penyata pendapatan, penyata
perubahan dalam ekuiti dan penyata aliran tunai Kumpulan dan Syarikat bagi tahun berakhir pada tarikh tersebut.
Penyediaan penyata kewangan adalah tanggungjawab para pengarah Syarikat. Tanggungjawab kami adalah untuk menyatakan
pendapat ke atas penyata kewangan tersebut berdasarkan audit kami.
Kami telah menjalankan audit menurut piawaian pengauditan yang diluluskan dan diterbitkan di Malaysia. Piawaian-piawaian
tersebut mengkehendaki kami merancang dan menjalankan audit untuk memperolehi semua maklumat dan keterangan, yang
mana pada pandangan kami adalah perlu bagi mendapatkan bukti yang mencukupi untuk memberikan kesahihan yang munasabah
bahawa penyata kewangan berkenaan adalah bebas dari salah nyata yang ketara. Audit kami merangkumi pemeriksaan, berdasarkan
ujian, bukti berkenaan dengan jumlah dan pembentangan di dalam penyata kewangan. Audit kami merangkumi penilaian ke atas
prinsip-prinsip perakaunan yang digunakan dan anggaran-anggaran penting yang dibuat oleh para pengarah serta penilaian
keseluruhan terhadap kecukupan pembentangan maklumat dalam penyata kewangan. Kami percaya bahawa audit kami
menyediakan asas yang munasabah ke atas pendapat kami.
Pada pendapat kami:
a) penyata kewangan yang telah disediakan menurut peruntukan Akta Syarikat, 1965 dan piawaian perakaunan yang
diluluskan di Malaysia yang berkenaan untuk memberikan gambaran yang benar dan saksama mengenai:
dan
(i) kedudukan kewangan Kumpulan dan Syarikat pada 31 Disember 2000 dan keputusan operasi dan perubahan
dalam ekuiti dan aliran tunai Kumpulan dan Syarikat untuk tahun berakhir pada tarikh tersebut; dan
(ii) perkara-perkara yang dikehendaki oleh Seksyen 169 Akta tersebut untuk diambilkira dalam penyata kewangan
Kumpulan dan Syarikat;
b) rekod perakaunan dan lain-lain rekod serta daftar-daftar yang dikehendaki menurut Akta untuk disimpan oleh Syarikat
dan syarikat-syarikat subsidiari, telah disimpan dengan wajar menurut peruntukan Akta tersebut.
Kami telah berpuashati bahawa penyata kewangan syarikat-syarikat subsidiari yang telah disatukan dengan penyata kewangan
Syarikat adalah dalam bentuk dan kandungan yang bersesuaian dan teratur untuk tujuan penyediaan penyata kewangan yang
disatukan dan kami telah menerima maklumat yang memuaskan dan keterangan-keterangan yang diperlukan untuk tujuan
tersebut.
Laporan juruaudit ke atas penyata kewangan syarikat-syarikat subsidiari tidak dikenakan sebarang pengecualian dan tidak
mengandungi sebarang ulasan menurut Seksyen 174(3) Akta tersebut.
HASYUDEEN & CO. Nik Mohd Hasyudeen Yusoff
AF 0875 1576/12/02(J)
Akauntan Awam
Bertarikh : 24 April 2001
Kuala Lumpur

KUNCI KIRA-KIRA PADA 31 DISEMBER 2000
67
ASET TETAP
PELABURAN DALAM SYARIKAT-SYARIKAT SUBSIDIARI
PELABURAN DALAM SYARIKAT-SYARIKAT BERSEKUTU
LAIN-LAIN PELABURAN
PERBELANJAAN PEMBANGUNAN
PERBELANJAAN TERTUNDA
ASET SEMASA
Jumlah terhutang oleh pelanggan bagi kerja-kerja kontrak
Stok
Penghutang perdagangan
Lain-lain penghutang, deposit dan bayaran terdahulu
Jumlah terhutang oleh syarikat-syarikat subsidiari
Jumlah terhutang oleh syarikat-syarikat bersekutu
Simpanan tetap
Tunai dan baki bank
LIABILITI SEMASA
Jumlah terhutang kepada pelanggan bagi kerja-kerja kontrak
Pemiutang perdagangan
Lain-lain pemiutang dan akruan
Jumlah terhutang kepada para pengarah
Pemiutang sewabeli
Pinjaman
Peruntukan untuk cukai
ASET SEMASA BERSIH
DIBIAYAI OLEH:
MODAL SAHAM
PREMIUM SAHAM
RIZAB DARI PENYATUAN
KEUNTUNGAN/(KERUGIAN TERKUMPUL)
BELUM DIAGIHKAN
Dana para pemegang saham
KEPENTINGAN MINORITI
LIABILITI JANGKA PANJANG
Pemiutang sewabeli
Pinjaman
Cukai tertunda
NOTA
4
5
6
7
8
9
10
11
12
13
14
15
10
16
17
18
19
20
17
18
21
2000
RM
27,992,595
-
5,977,775
2,693,458
7,860,409
-
101,885,502
957,248
104,327,969
13,913,424
-
43,636
2,533,035
3,113,931
226,774,745
22,811,964
56,241,254
12,443,499
181,780
5,168,988
61,778,905
6,377,753
165,004,143
61,770,602
106,294,839
39,999,000
12,892,071
6,234,993
31,020,095
90,146,159
(910,396)
8,125,014
8,712,062
222,000
106,294,839
KUMPULAN
1999
RM
(Dinyatakan semula)
30,623,905
-
5,727,241
2,693,458
16,554,099
15,795
93,747,246
253,538
55,593,446
11,097,135
-
264,574
1,961,796
5,386,656
168,304,391
11,737,464
48,338,016
7,917,198
109,430
5,051,364
57,620,373
3,371,630
134,145,475
34,158,916
89,773,414
39,999,000
12,892,071
6,234,993
18,615,737
77,741,801
(1,365,830)
10,202,424
3,178,019
17,000
89,773,414
Nota-nota yang disediakan merupakan sebahagian daripada penyata kewangan ini.
SYARIKAT
2000
RM
122,940
28,415,303
-
-
-
-
-
-
-
139,716
34,946,062
-
-
1,306
35,087,084
-
-
101,003
-
12,145
-
-
113,148
34,973,936
63,512,179
39,999,000
12,892,071
-
10,551,289
63,442,360
-
69,819
-
-
63,512,179
1999
RM
28,211
9,415,262
-
-
-
-
-
-
-
24,148
43,424,770
-
-
5,153
43,454,071
-
-
114,833
-
-
-
-
114,833
43,339,238
52,782,711
39,999,000
12,892,071
-
(108,360)
52,782,711
-
-
-
-
52,782,711

PENYATA PENDAPATAN
68 UNTUK TAHUN BERAKHIR 31 DISEMBER 2000
Hasil
Kos jualan
Untung kasar
Lain-lain pendapatan operasi
Belanja tadbir
Lain-lain belanja operasi
Keuntungan/(kerugian) dari operasi
Kos biaya
Butiran terkecuali
Bahagian keuntungan syarikat-syarikat bersekutu
Keuntungan/(kerugian) belum cukai
Cukai
Keuntungan/(kerugian) selepas cukai
Kepentingan minoriti
Keuntungan bersih tahunan selepas cukai
Pendapatan asas sesaham (sen)
NOTA
22
23
24
25
26
2000
RM
KUMPULAN
131,150,771
(108,307,527)
22,843,244
172,254
(14,072,596)
(1,525,977)
7,416,925
(1,763,449)
10,800,000
556,457
17,009,933
(4,153,649)
12,856,284
(451,926)
12,404,358
31
1999
RM
(Dinyatakan Semula)
146,384,642
(129,824,772)
16,559,870
911,292
(13,802,203)
(160,757)
3,508,202
(2,200,855)
-
2,220,744
3,528,091
(792,769)
2,735,322
(320,117)
2,415,205
Nota-nota yang disediakan merupakan sebahagian daripada penyata kewangan ini.
6
2000
RM
259,900
-
259,900
-
(390,688)
-
(130,788)
(2,091)
10,800,000
-
10,667,121
(7,472)
10,659,649
-
10,659,649
SYARIKAT
1999
RM
258,765
-
258,765
1,399
(372,339)
-
(112,175)
-
-
-
(112,175)
-
(112,175)
-
(112,175)

69
PENYATA BAGI PERUBAHAN EKUITI YANG DISATUKAN
UNTUK TAHUN BERAKHIR 31 DISEMBER 2000
Baki pada
31 Disember 1998
Pelarasan tahun sebelum
(Nota 33)
Seperti dinyatakan semula
Untung bersih tahunan
39,999,000
selepas cukai (dinyatakan semula) -
Baki pada
31 Disember 1999
Untung bersih tahunan
selepas cukai
Baki pada
31 Disember 2000
Modal
Saham
RM
39,999,000
-
39,999,000
-
39,999,000
TIDAK BOLEH DIAGIHKAN BOLEH DIAGIHKAN
Premium
Saham
RM
12,892,071
-
12,892,071
-
12,892,071
-
12,892,071
PENYATA BAGI PERUBAHAN EKUITI
UNTUK TAHUN BERAKHIR 31 DISEMBER 2000
Baki pada
31 Disember 1998
Rugi bersih tahunan
Baki pada
31 Disember 1999
Keuntungan bersih tahunan
Baki pada
31 Disember 2000
Modal
Saham
RM
39,999,000
-
39,999,000
-
39,999,000
Nota 19
Rizab dari
penyatuan
RM
6,234,993
-
6,234,993
-
6,234,993
-
6,234,993
TIDAK BOLEH DIAGIHKAN
Premium
Saham
RM
12,892,071
Nota-nota yang disediakan merupakan sebahagian daripada penyata kewangan ini.
-
12,892,071
-
12,892,071
Keuntungan
belum diagihkan
RM
21,725,436
(5,524,904)
16,200,532
2,415,205
18,615,737
12,404,358
31,020,095
BOLEH DIAGIHKAN
Keuntungan
belum diagihkan
RM
3,815
(112,175)
(108,360)
10,659,649
10,551,289
Jumlah
RM
80,851,500
(5,524,904)
75,326,596
2,415,205
77,741,801
12,404,358
90,146,159
Jumlah
RM
52,894,886
(112,175)
52,782,711
10,659,649
63,442,360

PENYATA ALIRAN TUNAI
70 UNTUK TAHUN BERAKHIR 31 DISEMBER 2000
ALIRAN TUNAI DARI AKTIVITI OPERASI
Tunai diterima daripada pelanggan
Tunai dibayar kepada pembekal dan subkontraktor
Tunai dibayar kepada pekerja dan perbelanjaan
Tunai (diguna dalam)/diperolehi dari operasi
Faedah diterima
Faedah dibayar
Cukai dibayar
Tunai bersih (diguna dalam)/diperolehi dari aktiviti operasi
ALIRAN TUNAI DARI AKTIVITI PELABURAN
Perolehan daripada pelupusan aset tetap
Pendahuluan (kepada)/dari syarikat-syarikat subsidiari
Pembelian aset tetap - (*)
Pembelian pelaburan
Tunai bersih (diguna dalam)/diperolehi dari aktiviti pelaburan
ALIRAN TUNAI DARI AKTIVITI PEMBIAYAAN
Bayaran balik kepada pemiutang sewabeli
Dividen dibayar
Pengurangan bersih dalam pinjaman jangka pendek
Jumlah pendahuluan dari para pengarah
Perolehan dari butiran terkecuali
Penukaran overdraf bank kepada pinjaman berjangka
Perolehan dari terbitan modal saham
daripada pemegang saham minoriti
Pendahuluan dari/(kepada) syarikat bersekutu
Tunai bersih diperolehi dari/(diguna dalam) aktiviti pembiayaan
Kenaikan bersih/(penurunan) tunai dan kesetaraan tunai
Tunai dan kesetaraan tunai dibawa ke hadapan
Tunai dan kesetaraan tunai dihantar ke hadapan (Nota 29)
NOTA-NOTA KEPADA PENYATA ALIRAN TUNAI UNTUK TAHUN BERAKHIR 31 DISEMBER 2000
(*) PEMBELIAN ASET TETAP
Dalam tahun ini, Kumpulan telah memperolehi aset tetap dengan jumlah keseluruhan kos bernilai RM5,647,949
(1999:RM393,469) dimana RM3,479,000 (1999:tiada) telah diperolehi melalui perjanjian sewabeli dan pinjaman jangka panjang.
Dalam tahun ini, Syarikat telah memperolehi aset tetap dengan jumlah keseluruhan kos bernilai RM110,680 (1999: Tiada)
dimana RM85,000 (1999: Tiada) telah diperolehi melalui perjanjian sewabeli.
RINGKASAN KESAN PEROLEHAN KE ATAS SYARIKAT-SYARIKAT SUBSIDIARI
Tunai dan baki bank
Lain-lain aset
Lain-lain pemiutang dan akruan
Jumlah harga belian
Tolak: Tunai dan kesetaraan tunai anak-anak syarikat yang diperolehi
Aliran tunai dari perolehan, tunai bersih diperolehi
2000
RM
90,040,565
(88,516,428)
(10,461,951)
(8,937,814)
177,166
(6,454,414)
(1,014,689)
(16,229,751)
981,104
-
(2,168,949)
-
(1,187,845)
(2,347,356)
(45,461)
(1,120,306)
72,350
10,678,000
11,184,329
160,000
-
18,581,556
1,163,960
(10,923,838)
(9,759,878)
KUMPULAN SYARIKAT
1999
RM
170,961,057
(108,836,522)
(33,921,876)
28,202,659
47,727
(5,191,789)
(5,543,913)
17,514,684
2,304,290
-
(393,469)
(201,150)
1,709,671
(2,571,681)
(116,325)
(18,805,417)
67,390
-
-
-
(455,560)
(21,881,593)
(2,657,238)
(8,266,600)
(10,923,838)
Nota-nota yang disediakan merupakan sebahagian daripada penyata kewangan ini.
2000
RM
4
7,408
(7,408)
2000
RM
-
-
(387,135)
4
(4)
(387,135)
-
-
(1,254)
(3,324)
(391,713)
-
(10,261,418)
(25,680)
-
(10,287,098)
(3,036)
-
-
-
10,678,000
-
-
-
10,674,964
(3,847)
5,153
1,306
1999
RM
295,200
-
(309,939)
(14,739)
1,399
-
(1,240)
(14,580)
-
237,632
-
-
237,632
-
(287,993)
-
-
-
-
1999
RM
-
-
-
-
-
-
-
-
(287,993)
(64,941)
70,094
5,153

71
NOTA-NOTA KEPADA PENYATA KEWANGAN
31 DISEMBER 2000
1. AKTIVITI-AKTIVITI UTAMA
Aktiviti-aktiviti utama Syarikat merangkumi pegangan pelaburan dan peruntukan perkhidmatan pengurusan. Aktivitiaktiviti
utama syarikat-syarikat subsidiari adalah seperti tercatit di dalam nota 5 berkenaan penyata kewangan. Tiada
perubahan yang ketara berlaku pada aktiviti-aktiviti tersebut bagi tahun kewangan dalam tinjauan.
2. ASAS BAGI PENYEDIAAN PENYATA KEWANGAN
Penyata kewangan Syarikat telah disedia berlandaskan kepada peruntukan Akta Syarikat, 1965 dan mematuhi piawaian
perakaunan yang digunakan di Malaysia.
3. RINGKASAN DASAR PERAKAUNAN PENTING
Segala polisi-polisi perakaunan yang penting di bawah adalah sejajar seperti yang digunakan pada tahun-tahun kewangan
sebelumnya kecuali bagi polisi ke atas perbelanjaan permulaan dan sebelum operasi dan pengelasan untuk tunai dan
kesetaraan tunai adalah seperti yang tersebut di bawah.
3.1 Asas perakaunan
Penyata kewangan telah disediakan menurut kelaziman kos sejarah diubahsuai dengan penilaian semula ke
atas tanah kuari pegang pajak.
3.2 Asas penyatuan
Penyata kewangan yang disatukan merangkumi penyata kewangan beraudit Syarikat dan kesemua syarikatsyarikat
subsidiari yang disediakan sehingga akhir tahun kewangan. Keputusan kewangan syarikat-syarikat
subsidiari yang diperolehi atau dijual sepanjang tahun diambil kira di dalam penyata pendapatan yang disatukan
dari tarikh perolehan atau sehingga tarikh penjualan. Urusniaga dalaman dihapuskan semasa penyatuan dan
penyata kewangan yang disatukan mencerminkan urusniaga luaran sahaja. Keuntungan yang boleh diagihkan
kepada para pemegang saham Syarikat diperolehi selepas ditolak bahagian keuntungan dan kerugian pemegang
saham minoriti.
3.3 Muhibah/Rizab dari penyatuan
Perbezaan di antara harga belian dan nilai aset bersih syarikat-syarikat subsidiari pada tarikh perolehan
dirangkumi di dalam kunci kira-kira yang disatukan sebagai muhibah atau rizab hasil dari penyatuan. Muhibah
dari penyatuan dikontra dengan rizab dari penyatuan dan bakinya dikekalkan di dalam kunci kira-kira yang
disatukan pada kos dan hanya akan dihapuskan jika pada pendapat para pengarah, terdapat rosotnilai kekal.
3.4 Aset tetap dan susutnilai
Aset tetap dinyatakan pada kos atau penilaian semula setelah ditolak susutnilai terkumpul atau pelunasan.
Nilai yang tercatat bagi tanah kuari pegang pajak jangka pendek akan dilunaskan dalam tempoh 25 tahun
selepas operasi kuari bermula.
Susutnilai diperuntukan mengikut kaedah garis lurus untuk menghapus kira kos aset tetap lain di sepanjang
anggaran hayat kegunaannya pada kadar tahunan utama seperti berikut:
Tanah milik bebas dan bangunan 2%
Perabot dan pemasangan 10% - 20%
Peralatan pejabat 10% - 20%
Loji dan mesin 10% - 20%
Kenderaan bermotor 20%
Komputer 10% - 33 1/3%
Pengubahsuaian 10% - 33 1/3%
Penilaian semula tanah milik bebas dan bangunan dilakukan bagi setiap 5 tahun . Lebihan yang timbul dari
penilaian semula akan dikreditkan terus ke rizab penilaian semula. Pengurangan yang melebihi rizab penilaian
semula yang timbul dari penilaian semula dalam tahun-tahun sebelumnya akan dicajkan ke penyata pendapatan.

NOTA-NOTA KEPADA PENYATA KEWANGAN
72 31 DISEMBER 2000
3.5 Pelaburan dalam syarikat-syarikat subsidiari
Pelaburan dalam syarikat-syarikat subsidiari dinyatakan pada kos tolak penurunan nilai untuk rosotnilai
kekal pelaburan. Peruntukan rosotnilai kekal hanya dilakukan apabila pada pendapat para pengarah , ada
rosotnilai kekal pada nilai. Rosotnilai kekal bagi nilai pelaburan dikenali sebagai perbelanjaan dalam tempoh
dimana rosotnilai dikenal pasti.
3.6 Pelaburan dalam syarikat-syarikat bersekutu
Syarikat bersekutu adalah syarikat selain daripada syarikat subsidiari, dimana Kumpulan mempunyai pelaburan
ekuiti jangka panjang antara 20% hingga 50% dan mempunyai perwakilan di dalam Lembaga Pengarah serta
pengaruh penting ke atas keputusan berhubung kewangan dan dasar-dasar syarikat.
Penyata pendapatan yang disatukan meliputi bahagian keuntungan Kumpulan tolak kerugian dalam syarikatsyarikat
bersekutu berdasarkan kepada akaun beraudit atau pengurusan terkini syarikat-syarikat bersekutu
berkenaan. Di dalam kunci kira-kira yang disatukan, kepentingan Kumpulan dalam syarikat-syarikat bersekutu
dinyatakan pada kos, dicampur bahagian keuntungan/kerugian dan rizab tersimpan syarikat-syarikat bersekutu
berkenaan selepas tarikh perolehan ekuiti.
3.7 Lain-lain pelaburan
Lain-lain pelaburan dinyatakan pada kos tolak penurunan nilai untuk rosotnilai kekal pelaburan.
3.8 Perbelanjaan pembangunan
Perbelanjaan pembangunan merangkumi pembinaan dan lain-lain kos pembangunan yang berkaitan
termasuklah kos faedah dan belanja tadbir yang bersangkutan dengan sesuatu projek tersebut.
Walaubagaimanapun, berdasarkan kepada Lembaga Piawaian Perakaunan Malaysia Piawaian No. 1, belanja
sebelum operasi yang terkandung di dalam perbelanjaan pembangunan tidak boleh dipamerkan dalam
kunci kira-kira.
Bagi mematuhi kaedah ‘benchmark’, penukaran dasar-dasar perakaunan ini akan mengambilkira kaedahkaedah
yang digunakan pada tahun-tahun sebelumnya. Angka-angka perbandingan telah dinyatakan semula
dengan andaian bahawa dasar baru telah digunakan pada tahun sebelumnya.
3.9 Perbelanjaan tertunda
Perbelanjaan tertunda merangkumi belanja permulaan dan belanja sebelum operasi sesetengah syarikatsyarikat
subsidiari. Segala belanja yang dikeluarkan oleh Syarikat sebelum bermulanya operasi dikenali sebagai
belanja sebelum operasi. Belanja permulaan dan belanja sebelum operasi akan dihapuskira atau dilunaskan
sebaik saja mendapat keuntungan di dalam operasi. Walaubagaimanapun, berdasarkan kepada Lembaga
Piawaian Perakaunan Malaysia Piawaian No. 1, belanja permulaan dan belanja sebelum operasi tidak boleh
dipamerkan dalam kunci kira-kira.
Bagi mematuhi kaedah ‘benchmark’, penukaran dasar-dasar perakaunan ini akan mengambilkira kaedahkaedah
yang digunakan pada tahun-tahun sebelumnya. Angka-angka perbandingan telah dinyatakan semula
dengan andaian bahawa dasar baru telah digunakan pada tahun sebelumnya
3.10 Jumlah terhutang oleh / (kepada) pelanggan bagi kerja-kerja kontrak
3.11 Stok
Jumlah terhutang oleh / (kepada) pelanggan untuk kerja-kerja kontrak dinyatakan pada kos campur keuntungan
tersedia untuk pengagihan tolak peruntukan kerugian dalam jangkaan dan tuntutan kemajuan. Kos termasuklah
kos buruh langsung, bahan binaan, kos pinjaman dan belanja overhed yang terlibat dalam kerja-kerja kontrak.
Stok termasuk bahan-bahan geosintetik dan barang ganti mesin yang dinyatakan pada paras yang mana lebih
rendah antara kos dan nilai bersih yang boleh diperolehi selepas mengambilkira peruntukan untuk stok
luput dan lambat dijual dan dikenalpasti berdasarkan asas ‘masuk dahulu-keluar dahulu’. Kos dihuraikan
sebagai segala perbelanjaan terlibat dalam membawa stok kepada keadaan sekarang dan tempat dan lazimnya
ditentukan mengikut dasar purata wajaran.
3.12 Penghutang
Hutang lapuk yang dikenalpasti akan dihapuskira dan peruntukan yang khusus akan dibuat bagi hutanghutang
yang diragui untuk kutipan.Sebagai tambahan, satu peruntukan am berdasarkan peratusan penghutang
telah dibuat untuk memenuhi kemungkinan kerugian yang tidak dapat dikenalpasti.

73
NOTA-NOTA KEPADA PENYATA KEWANGAN
31 DISEMBER 2000
3.13 Perakaunan untuk sewabeli
3.14 Cukai
Kos aset yang dibeli melalui perjanjian sewabeli telah dipermodalkan. Dasar susutnilai ke atas aset tersebut
adalah sama dengan aset tetap lain dalam Kumpulan seperti yang dinyatakan dalam Nota 3.4. Hutang yang
perlu diselesaikan di bawah perjanjian sewabeli setelah ditolak perbelanjaan kewangan akan dimasukkan ke
dalam penyata kewangan sebagai liabiliti. Belanja kewangan yang bersangkutan dengan sewa beli akan
dipermodalkan sebagai sebahagian daripada kerja-kerja kontrak dalam pelaksanaan. Lain-lain belanja kewangan
akan dicajkan ke penyata pendapatan selama tempoh perjanjian sewabeli.
Cukai akan diperuntukan berdasar kepada jumlah anggaran cukai ke atas keuntungan operasi tahunan yang
perlu dibayar mengikut kadar yang lazim pada tahun tersebut, diubahsuai jika terdapat perbezaan-perbezaan
yang kekal.
3.15 Cukai tertunda
Cukai tertunda yang berasaskan kepada kaedah liabiliti bagi kesemua perbezaan masa yang ketara, kecuali
dimana liabiliti tidak dijangka akan timbul dalam jangkamasa yang dapat diramalkan. Faedah cukai tertunda
akan hanya diiktiraf dimana terdapat anggapan yang wajar bahawa ia akan direalisasikan dalam jangkamasa
yang terhampir.
3.16 Pengiktirafan hasil
Hasil dari kerja-kerja kontrak diiktiraf dengan kaedah peratusan siap berdasarkan tuntutan kemajuan dimana
hasil kontrak boleh dianggarkan dengan pasti. Dalam situasi dimana hasilnya tidak boleh dianggarkan dengan
pasti, hasil yang diiktiraf hanyalah setakat kos kontrak yang dijangka boleh dituntut. Dalam semua hal, kerugian
yang dijangka diperuntukan sepenuhnya.
Hasil daripada projek pembangunan hartanah diiktiraf dengan kaedah peratusan siap berdasarkan tuntutan
kemajuan dimana hasil kontrak boleh dianggarkan dengan pasti bagi unit-unit yang telah siap dijual. Dalam
situasi dimana hasilnya tidak boleh dianggarkan dengan pasti, tiada keuntungan boleh diiktiraf bagi unit-unit
yang telah dijual. Jika terdapat anggaran bagi kerugian ke atas hartanah tersebut ianya akan diperuntukan
secara penuh.
Hasil dari penjualan barang-barang dikira pada nilai yang berpatutan dengan memberi pertimbangan ke atas
jumlah yang belum diterima dan diiktiraf dalam penyata pendapatan apabila hak milik sudah bertukar tangan
kepada pembeli.
Pendapatan daripada pelaburan akan dimasukkan ke dalam penyata pendapatan apabila hak untuk penerimaan
telah dikenalpasti.
Jualan diantara syarikat-syarikat di dalam Kumpulan tidak akan dimasukkan ke dalam hasil Kumpulan.
3.17 Urusniaga matawang
Urusniaga dalam matawang asing akan dicatatkan dalam Ringgit Malaysia pada kadar tukaran dimasa urusniaga
berlaku. Aset kewangan dan liabiliti tertunggak pada tarikh kunci kira-kira yang dinyatakan dalam bentuk
matawang asing akan ditukarkan pada kadar tukaran pada tarikh tersebut. Keuntungan dan kerugian dari
tukaran wang asing akan diambilkira dalam penyata pendapatan dalam tahun ianya berlaku.
3.18 Kos pinjaman
Kos pinjaman yang terbit dari pengagihan terus untuk membiayai kerja-kerja pembinaan akan dipermodalkan
sebagai sebahagian dari kerja-kerja kontrak dalam perlaksanaan. Lain-lain kos pinjaman akan dicajkan ke
penyata pendapatan sebaik saja ianya berlaku.
3.19 Tunai dan kesetaraan tunai
Tunai dan kesetaraan tunai merangkumi tunai di tangan, tunai dalam bank, simpanan tetap dengan bankbank
berlesen atau institusi-institusi kewangan dan overdraf bank. Bermula dari tahun kewangan ini, kredit
pusingan dan kemudahan perdagangan tidak lagi diambilkira sebagai tunai dan kesetaraan tunai.

NOTA-NOTA KEPADA PENYATA KEWANGAN
74 31 DISEMBER 2000
4. ASET TETAP
Kumpulan
Pada penilaian:
Tanah kuari pegang pajak jangka pendek
Pada kos:
Tanah milik bebas dan bangunan
Perabot dan pemasangan
Peralatan pejabat
Loji dan mesin
Kenderaan bermotor
Komputer
Pengubahsuaian
Pada penilaian:
Tanah kuari pegang pajak jangka pendek
Pada kos:
Tanah milik bebas dan bangunan
Perabot dan pemasangan
Peralatan pejabat
Loji dan mesin
Kenderaan bermotor
Komputer
Pengubahsuaian
Pada penilaian:
Tanah kuari pegang pajak jangka pendek
Pada kos:
Tanah milik bebas dan bangunan
Perabot dan pemasangan
Peralatan pejabat
Loji dan mesin
Kenderaan bermotor
Komputer
Pengubahsuaian
Baki pada
1.1.2000
RM
2,500,000
350,000
1,508,946
2,875,941
30,242,142
15,018,537
2,162,729
2,200,459
56,858,754
Baki pada
1.1.2000
RM
200,000
57,400
556,079
1,483,672
13,488,556
8,867,518
717,803
863,821
26,234,849
2000
RM
2,200,000
2,821,342
808,290
1,184,983
14,581,600
4,019,998
1,277,292
1,099,090
27,992,595
Tambahan
RM
-
2,552,760
5,560
74,161
1,467,046
1,462,342
82,182
3,898
5,647,949
Tambahan
RM
100,000
24,018
150,137
281,447
3,639,032
2,799,338
249,816
241,446
7,485,234
KOS
Lupus
RM
-
-
-
-
-
(2,477,485)
-
-
(2,477,485)
SUSUTNILAI TERKUMPUL
Lupus
RM
-
-
-
-
-
(1,683,460)
-
-
(1,683,460)
Baki pada
31.12.2000
RM
2,500,000
2,902,760
1,514,506
2,950,102
31,709,188
14,003,394
2,244,911
2,204,357
60,029,218
Baki pada
31.12.2000
RM
300,000
81,418
706,216
1,765,119
17,127,588
9,983,396
967,619
1,105,267
32,036,623
NILAI BUKU BERSIH Susutnilai
1999
RM
2,300,000
292,600
952,867
1,386,577
16,759,278
6,151,019
1,444,926
1,336,638
30,623,905
1999
RM
100,000
7,000
164,441
285,309
3,769,309
3,454,441
242,950
242,632
8,266,082

NOTA-NOTA KEPADA PENYATA KEWANGAN
75 31 DISEMBER 2000
Syarikat
Komputer
Pengubahsuaian
Kelengkapan pejabat
Perabot dan pemasangan
Kenderaan bermotor
Komputer
Pengubahsuaian
Kelengkapan pejabat
Perabot dan pemasangan
Kenderaan bermotor
Komputer
Pengubahsuaian
Kelengkapan pejabat
Perabot dan pemasangan
Kenderaan bermotor
Baki pada
1.1.2000
RM
10,014
16,118
9,984
6,090
-
42,206
Tambahan
RM
9,937
-
-
-
100,743
110,680
KOS
Lupus
RM
-
-
-
-
-
-
Baki pada
31.12.2000
RM
19,951
16,118
9,984
6,090
100,743
152,886
Nilai buku bersih aset-aset tetap Kumpulan dan Syarikat yang diperolehi melalui perjanjian sewabeli adalah seperti
berikut:
KUMPULAN
SYARIKAT
Loji dan mesin
Kenderaan bermotor
Baki pada
1.1.2000
RM
5,589
3,224
3,964
1,218
-
13,995
2000
RM
8,356,032
3,669,927
12,025,959
SUSUTNILAI TERKUMPUL
Tambahan
RM
3,323
1,611
1,997
609
8,411
15,951
Perincian bagi aset-aset tetap yang dicagarkan bagi mendapat kemudahan pinjaman adalah seperti yang diperlihatkan
dalam Nota 18.
Tanah kuari pegang pajak jangka pendek sebuah syarikat subsidiari dinyatakan seperti yang dinilai oleh pakar jurunilai
bebas dalam tahun 1996. Tiada peruntukan untuk cukai tertunda dibuat memandangkan tiada perubahan nilai yang
ketara berlaku.
Sekiranya tanah kuari pegang pajak jangka pendek dinyatakan menurut kos sejarah, nilai yang dibawa untuk aset yang
dinilaikan semula akan dinyatakan di dalam penyata kewangan Kumpulan pada akhir tahun kewangan ialah RM880,000
(1999: RM920,000).
1999
RM
10,436,532
5,584,304
16,020,836
Lupus
RM
2000
RM
-
92,332
92,332
Baki pada
31.12.2000
RM
NILAI BUKU BERSIH Susutnilai
2000
RM
11,039
11,283
4,023
4,263
92,332
122,940
1999
RM
4,425
12,894
6,020
4,872
-
28,211
-
-
-
-
-
-
1999
RM
1999
RM
-
-
-
8,912
4,835
5,961
1,827
8,411
29,946
2,016
1,612
1,997
609
-
6,234

NOTA-NOTA KEPADA PENYATA KEWANGAN
76 31 DISEMBER 2000
Susutnilai dalam tahun semasa
Tolak: Susutnilai dipermodalkan dalam kos
yang terlibat dalam kontrak-kontrak belum siap (Nota 10)
Susutnilai yang dikenakan pada penyata pendapatan
5. PELABURAN DALAM SYARIKAT-SYARIKAT SUBSIDIARI
Saham tidak tersiarharga, pada kos
Nama syarikat
Lankhorst Pancabumi Contractors Sdn Bhd
Cardon (M) Sdn Bhd
Lankhorst Hartanah Sdn Bhd
Lankhorst International (Cayman) Pte Ltd
Syarikat-syarikat subsidiari Lankhorst Pancabumi Contractors Sdn Bhd.
Lankhorst Wastewater Technology Sdn Bhd
Lankhorst Oil and Gas Services Sdn Bhd
Lankhorst Quarry Management Sdn Bhd
Port Dickson Sepang Quarry Sdn Bhd
Rampai Budi-Jaya Sdn Bhd
Lankhorst Track Construction Sdn Bhd
Lankhorst M & E Sdn Bhd
Consortium Ibjay-Aritech System Sdn Bhd
Lankhorst Pavement Technologies Sdn Bhd
(formerly known as Lankhorst Asset. Sdn Bhd)
Syarikat subsidiari Cardon (M) Sdn Bhd
Tradepro Sdn Bhd
100
100
100
100
100
95
90
75.5
60
60
55
100
100
100
2000
RM
28,415,303
SYARIKAT
KEPENTINGAN KUMPULAN
(%)
2000 1999 Aktiviti-aktiviti utama
1999
RM
9,415,262
Kesemua syarikat-syarikat subsidiari di atas telah diperbadankan di Malaysia, kecuali Lankhorst International (Cayman)
Pte Ltd yang telah diperbadankan di Cayman Islands, British West Indies.
*Berhenti operasi untuk sementara waktu, walaubagaimanapun pengurusan sedang mengusahakan beberapa langkah
untuk memulihkan operasi syarikat-syarikat subsidiari tersebut.
100
100
100
100
100
95
90
75.5
60
60
55
-
-
100
Kejuruteraan awam dan geoteknikal
serta kerja-kerja pembinaan bangunan.
Kejuruteraan geoteknikal dan
perdagangan serta penggunaan bahanbahan
geosintetik.
Pembangunan hartanah dan pelaburan.
Tidak beroperasi.
Kerja rawatan air dan sisa kumbahan.
Kontraktor dan pembekal bahan-bahan
berkaitan industri minyak dan gas.
Operasi kuari*.
Operasi kuari*.
2000
RM
Turnkey kontraktor.
Kerja-kerja pembinaan landasan keretapi.
Kontraktor mekanikal dan elektrikal.
Kerja-kerja pembinaan dan binaan
bangunan.
Tidak beroperasi.
Perdagangan am.
7,485,234
(3,939,242)
3,545,992
KUMPULAN
1999
RM
8,266,082
(4,967,022)
3,299,060

NOTA-NOTA KEPADA PENYATA KEWANGAN
77 31 DISEMBER 2000
6. PELABURAN DALAM SYARIKAT-SYARIKAT BERSEKUTU
Saham tidak tersiarharga, pada kos
Keuntungan selepas perolehan ekuiti
Bahagian keuntungan syarikat-syarikat bersekutu
Muhibah dari penyatuan
Syarikat-syarikat bersekutu, dimana kesemuanya telah diperbadankan di Malaysia adalah seperti berikut:
KEPENTINGAN KUMPULAN
(%)
Nama syarikat
2000 1999 Aktiviti utama
Konsortium Panzana-Lankhorst Sdn Bhd *
Tractors Petroleum Services Sdn Bhd *
* Syarikat-syarikat ini telah diaudit oleh firma akauntan yang lain.
7. LAIN-LAIN PELABURAN
Pelaburan, pada kos
- Saham tidak tersiarharga
- Lain-lain
8. PERBELANJAAN PEMBANGUNAN
Tanah pegang pajak, pada kos
Perbelanjaan pembangunan
40
35
Tanah pegang pajak sebuah syarikat subsidiari bernilai RM118,921telah dicagarkan kepada institusi kewangan berlesen
untuk kemudahan kredit pusingan syarikat subsidiari tersebut seperti yang dinyatakan dalam Nota 18.
Pelarasan telah dibuat bagi urusniaga yang mengambilkira kaedah-kaedah yang digunakan pada tahun-tahun sebelumnya
yang berjumlah RM1,015,363 yang mana ianya adalah kesan perubahan dalam dasar perakaunan seperti yang disebutkan
dalam Nota 3.8 dan Nota 33.
40
35
2000
RM
875,040
5,102,735
5,977,775
2000
RM
5,827,775
150,000
5,977,775
2000
RM
2,400,000
293,458
2,693,458
KUMPULAN
KUMPULAN
Kerja-kerja kejuruteraan awam.
KUMPULAN
1999
RM
875,040
4,852,201
5,727,241
1999
RM
5,577,241
150,000
5,727,241
Pembekalan dan perkhidmatan servis
enjin dan peralatan Caterpillar.
2000
RM
7,335,483
524,926
7,860,409
KUMPULAN
1999
RM
2,400,000
293,458
2,693,458
1999
RM
(dinyatakan semula)
7,335,483
9,218,616
16,554,099

NOTA-NOTA KEPADA PENYATA KEWANGAN
78 31 DISEMBER 2000
9. PERBELANJAAN TERTUNDA
Perbelanjaan tertunda
Pembetulan telah dibuat bagi urusniaga yang mengambilkira kaedah-kaedah yang digunakan pada tahun-tahun
sebelumnya yang berjumlah RM7,734,270 yang mana ianya memberi kesan perubahan dalam dasar perakaunan seperti
yang disebutkan dalam Nota 3.9 dan Nota 33.
10. JUMLAH YANG DIHUTANG OLEH/(KEPADA) PELANGGAN BAGI KERJA-KERJA KONTRAK
Kos terlibat dalam pembinaan belum siap
Keuntungan teragih
Kerugian yang dapat diramalkan
Tuntutan kemajuan
Yuran komitmen yang dikutip
Jumlah terhutang dari pelanggan
Jumlah terhutang kepada pelanggan
Pendahuluan yang diterima dari pelanggan sehingga akhir tahun berjumlah RM12,242,548 (1999:RM10,342,729).
Termasuk dalam kos pembinaan belum siap pada tahun ini adalah seperti berikut:
Susutnilai
Perbelanjaan faedah
- overdraf
- sewabeli
Penyewaan mesin
Penyewaan kenderaan bermotor
Penyewaan premis
11. PENGHUTANG PERDAGANGAN
Penghutang perdagangan
Tolak: Peruntukan hutang ragu
Termasuk dalam penghutang perdagangan adalah wang tahanan sebanyak RM10,970,893 (1999:RM18,746,246).
2000
RM
2000
RM
961,432,673
116,072,822
(608,286)
1,076,897,209
(997,823,671)
-
79,073,538
101,885,502
(22,811,964)
79,073,538
2000
RM
3,939,242
4,154,480
1,080,229
66,968
28,410
15,986
2000
RM
106,833,184
(2,505,215)
104,327,969
KUMPULAN
-
KUMPULAN
1999
RM
(dinyatakan semula)
1999
RM
839,245,833
92,869,634
-
932,115,467
(850,011,033)
(94,652)
82,009,782
93,747,246
(11,737,464)
82,009,782
1999
RM
15,795
4,967,022
2,108,426
1,229,404
6,300
17,909
7,000
1999
RM
55,941,930
(348,484)
55,593,446

NOTA-NOTA KEPADA PENYATA KEWANGAN
79 31 DISEMBER 2000
12. LAIN-LAIN PENGHUTANG, DEPOSIT DAN BAYARAN TERDAHULU
Lain-lain penghutang, deposit dan bayaran terdahulu
Tolak: Peruntukan hutang ragu
Termasuk dalam lain-lain penghutang Kumpulan adalah perbelanjaan yang terlibat dalam projek yang dijalankan oleh
Lankhorst Pancabumi Contractors Sdn. Bhd., subsidiari milik penuh Syarikat, berjumlah RM3,905,101 (1999:
RM4,329,361). Projek tersebut akhirnya telah dianugerahkan kepada pihak lain. Syarikat subsidiari tersebut sedang
berusaha untuk mendapatkan pampasan daripada pihak ketiga dan ianya masih lagi dalam perbincangan.
13. JUMLAH TERHUTANG OLEH SYARIKAT-SYARIKAT SUBSIDIARI
Jumlah terhutang oleh syarikat-syarikat subsidiari tidak bercagar, tidak dikenakan faedah dan tidak mempunyai syaratsyarat
pembayaran yang tetap.
14. JUMLAH TERHUTANG OLEH/(KEPADA) SYARIKAT BERSEKUTU
Jumlah terhutang oleh/(kepada) syarikat bersekutu tidak bercagar, tidak dikenakan faedah dan tidak mempunyai
syarat-syarat pembayaran yang tetap.
15. SIMPANAN TETAP
Simpanan tetap:
Bank-bank berlesen
Lain-lain institusi kewangan
Simpanan tetap dengan bank berlesen berjumlah RM261,866 (1999: RM257,299) telah dicagarkan kepada bank untuk
mendapatkan kemudahan overdraf sebuah syarikat subsidiari seperti yang tersebut dalam Nota 18.
16. JUMLAH TERHUTANG KEPADA PARA PENGARAH
Jumlah terhutang kepada para pengarah tidak bercagar, tidak dikenakan faedah dan tidak mempunyai syarat-syarat
pembayaran yang tetap
17. PEMIUTANG SEWA BELI
Pemiutang sewabeli
Faedah tergantung
Jumlah perlu dibayar balik dalam tempoh 12 bulan
Jumlah perlu dibayar balik selepas tempoh 12 bulan
2000
RM
15,816,523
(2,522,521)
13,294,002
5,168,988
8,125,014
13,294,002
KUMPULAN
1999
RM
19,151,958
(3,898,170)
15,253,788
5,051,364
10,202.424
15,253,788
2000
RM
14,427,946
(514,522)
13,913,424
2000
RM
2,064,281
468,754
2,533,035
KUMPULAN
KUMPULAN
1999
RM
11,097,135
-
11,097,135
1999
RM
1,401,387
560,409
1,961,796
SYARIKAT
2000
RM
115,815
(33,851)
81,964
12,145
69,819
81,964

NOTA-NOTA KEPADA PENYATA KEWANGAN
80 31 DISEMBER 2000
18. PINJAMAN (DENGAN JAMINAN)
Semasa:
Overdraf
Pinjaman berjangka
Bil-bil perlu dibayar
Kredit pusingan
Penerimaan jurubank/Resit amanah
Jangka panjang:
Pinjaman berjangka
Overdraf dan bil-bil perlu bayar sebuah syarikat subsidiari dijamin dengan sandaran kontrak sebanyak 20% margin
pendahuluan, sandaran sah menyeluruh dua pihak serta jaminan bersama dan secara berasingan oleh para pengarah
syarikat subsidiari tersebut secara peribadi. Faedah dikenakan pada kadar 2% (1999: 2%) setahun lebih daripada kadar
pinjaman asas bank yang memberi pinjaman.
Overdraf sebuah lagi syarikat subsidiari dijamin oleh cagaran tetap pertama dan terapung ke atas aset milik kini dan
akan datang syarikat subsidiari tersebut, simpanan tetap seperti yang dinyatakan dalan Nota 15 dan jaminan korporat
oleh Syarikat. Faedah dikenakan pada kadar 2% (1999:2%) setahun lebih daripada kadar pinjaman asas bank yang
memberi pinjaman.
Kredit pusingan sebuah syarikat subsidiari dijamin oleh arahan tetap yang berdaftar ke atas tanah pegang pajak yang
dimiliki oleh syarikat subsidiari tersebut dan juga jaminan korporat oleh Syarikat. Kemudahan tersebut perlu dibayar
pada akhir tempoh pinjaman selama 3 tahun atau pada April 2003. Faedah yang dikenakan adalah pada kadar 1.25%
(1999: 1.25%) setahun lebih daripada kadar pinjaman asas bank yang memberi pinjaman dikira mengikut jumlah
sebenar hari berlalu dalam tahun 365 hari.
Kemudahan resit amanah dijamin melalui jaminan korporat oleh Syarikat dan bersama dan secara berasingan oleh
para pengarah. Faedah yang dikenakan adalah pada kadar 1.75% (1999: 1.75%) setahun lebih daripada kadar pinjaman
asas bank yang memberi pinjaman.
Pinjaman berjangka dijamin seperti berikut:
(i) perlaksanaan surat ikatan penyerahan hak;
(ii) cagaran sah pertama dan kedua ke atas tanah milik bebas dan bangunan;
(iii) debentur yang merangkumi cagaran tetap pertama dan terapung ke atas aset milik kini dan akan datang
syarikat subsidiari tersebut;
(iv) jaminan bersama dan berasingan oleh para pengarah;
(v) jaminan korporat oleh Syarikat ; dan
(vi) sandaran sah menyeluruh dua pihak
Pinjaman berjangka pertama yang berjumlah RM2,494,000 dikenakan faedah pada kadar 1.5% (1999: 1.5%) setahun
lebih daripada kadar pinjaman asas bank yang memberi pinjaman dan perlu dibayar balik melalui 180 kali bayaran
ansuran bulanan setara bermula dari 1 Januari 2001.
Pinjaman berjangka kedua berjumlah RM4,442,486 dikenakan faedah pada kadar 2% (1999:2%) setahun lebih daripada
kadar pinjaman asas bank yang memberi pinjaman dan perlu dibayar balik melalui 84 kali bayaran ansuran bulanan
setara bermula 24 bulan selepas pengeluaran pertama pada 9 Ogos 1996. Tempoh bayaran balik telah dirundingkan
semula oleh syarikat subsidiari tersebut.
Pinjaman berjangka ketiga yang berjumlah RM11,184,329 dikenakan faedah pada kadar 2.5% (1999: 2.5%) setahun
lebih daripada kadar pinjaman asas bank yang memberi pinjaman dan perlu dibayar balik dengan jumlah RM400,000
(minima) sebulan atau melalui potongan dari bayaran kemajuan yang diterima bagi projek baru yang dibiayai oleh bank
tersebut.
2000
RM
15,406,844
9,408,753
30,071,000
4,000,000
2,892,308
61,778,905
8,712,062
KUMPULAN
1999
RM
18,272,290
1,264,467
34,044,366
2,000,000
2,039,250
57,620,373
3,178,019

NOTA-NOTA KEPADA PENYATA KEWANGAN
81 31 DISEMBER 2000
19. MODAL SAHAM
Terbitan waran terhad
Dalam tahun ini, Syarikat telah menerbitkan waran terhad sebanyak 5,066,750 secara percuma kepada para pemegang
saham (selain daripada para Penjamin atau mana-mana pihak yang mempunyai hubungan dengan mereka) berasaskan
satu (1) waran untuk setiap empat (4) saham yang dimiliki yang bernilai RM1.00 sesaham bagi memenuhi syarat
penepian ke atas Kewajipan Jaminan Keuntungan.
Tarikh luput waran adalah pada 8 Disember 2005 dan harga penukaran waran telah ditetapkan pada harga RM2.00.
Pada akhir tahun perakaunan, tiada waran telah ditukarkan.
20. RIZAB DAN PENYATUAN
21. CUKAI TERTUNDA
22. HASIL
Dibenarkan:
Saham biasa bernilai RM1.00 sesaham
Diterbitkan dan berbayar penuh:
Saham biasa bernilai RM1.00 sesaham
Muhibah dari penyatuan
Rizab dari penyatuan
Baki pada 1 Januari
Dihantar ke penyata pendapatan
Baki pada 31 Disember
Cukai tertunda timbul dari perbezaan masa yang ketara di antara nilai buku bersih dan penurunan nilai cukai aset
tetap.
Hasil Kumpulan merangkumi tuntutan kemajuan bagi bahagian kerja-kerja kontrak yang telah siap disepanjang tahun
dan nilai bersih inbois perkhidmatan yang diberi serta penjualan bahan-bahan.
Hasil Syarikat merupakan dividen kasar dan yuran pengurusan daripada syarikat-syarikat subsidiari.
23. BUTIRAN TERKECUALI
KUMPULAN DAN SYARIKAT
Terdiri daripada hasil dari penjualan saham oleh beberapa pemegang saham utama bagi memenuhi syarat sebahagian
dari Kewajipan Jaminan Keuntungan seperti yang diluluskan oleh Suruhanjaya Sekuriti dan diperbincangkan dengan
lebih lanjut dalam Nota 31.
2000
RM
50,000,000
39,999,000
2000
RM
1,001,008
(7,236,001)
(6,234,993)
2000
RM
17,000
205,000
222,000
KUMPULAN
KUMPULAN
1999
RM
50,000,000
39,999,000
1999
RM
1,001,008
(7,236,001)
(6,234,993)
1999
RM
17,000
-
17,000

82
NOTA-NOTA KEPADA PENYATA KEWANGAN
31 DISEMBER 2000
24. KEUNTUNGAN SEBELUM CUKAI
Keuntungan sebelum cukai adalah selepas mengenakan:
25. CUKAI
Ganjaran Juruaudit
Perbelanjaan faedah
- bank
- sewabeli
Ganjaran para pengarah
- yuran
- lain-lain ganjaran
Susutnilai
Penyewaan mesin
Penyewaan pejabat
Hutang ragu
Pampasan penamat perkhimatan
Sewaan kereta
Royalti
Sewa tanah/tapak binaan
Kerugian atas pelupusan aset
dan mengkredit:
Pendapatan faedah
Pendapatan sewa
Keuntungan atas pelupusan aset
Anggaran nilai kewangan bagi manfaat para pengarah bagi Kumpulan dan Syarikat adalah RM75,000 (1999: RM78,000)
dan RM4,200 (1999: Tiada).
Peruntukan tahun semasa
Kurangan peruntukan
pada tahun terdahulu
Cukai tertunda
Bahagian cukai syarikat-syarikat bersekutu
Tiada peruntukan cukai dibuat ke atas butiran terkecuali kerana keadaan semulajadi penerimaannya. Dengan itu,
kadar cukai yang dikenakan pada tahun tersebut adalah lebih rendah daripada kadar 28% cukai berkanun.
Berpandukan kepada Akta Cukai Pendapatan (Pindaan), 1999 semua pendapatan (kecuali untuk pendapatan dividen)
yang diterima dalam tahun 1999 akan dikecualikan daripada cukai. Selanjutnya, tiada peruntukan cukai telah dibuat di
dalam penyata kewangan berakhir pada 31 Disember 1999.
Tertakluk kepada persetujuan daripada Lembaga Hasil Dalam Negeri, Syarikat mempunyai cukai kredit di bawah
Seksyen 108 Akta Cukai Pendapatan, 1967 untuk ditolak segala pembayaran dividen dari keuntungan yang boleh
diagih setakat RM26,200 tanpa melibatkan tanggungan cukai tambahan.
26. PENDAPATAN SESAHAM
2000
RM
75,500
1,543,279
220,170
74,167
1,433,366
3,545,992
12,052
679,357
2,671,253
-
104,182
-
12,000
12,530
186,167
89,000
199,607
2000
RM
3,146,000
496,725
205,000
3,847,725
305,924
4,153,649
KUMPULAN
KUMPULAN
Pendapatan sesaham dikira secara membahagikan keuntungan selepas cukai Kumpulan dan kepentingan minoriti
dengan saham biasa dalam terbitan sebanyak 39,999,000 (1999: 39,999,000).
1999
RM
58,500
2,127,632
73,223
90,832
1,007,446
3,299,060
205,303
981,450
160,757
42,902
127,369
7,760
26,175
-
76,843
82,222
396,671
1999
RM
-
700,419
-
700,419
92,350
792,769
2000
RM
6,000
-
2,091
74,167
94,500
15,951
-
-
-
-
-
-
-
-
SYARIKAT
-
-
-
SYARIKAT
2000
RM
-
7,472
-
7,472
-
7,472
1999
RM
2,000
-
-
90,832
13,500
6,234
-
-
-
-
-
-
-
-
1999
RM
1,399
-
-
-
-
-
-
-
-

NOTA-NOTA KEPADA PENYATA KEWANGAN
83 31 DISEMBER 2000
27. MAKLUMAT SEGMEN
2000
Analisa mengikut aktiviti
Pembinaan
Perdagangan
Pelaburan
Pembangunan hartanah
Operasi kuari
Urusniaga antara syarikat-syarikat dalam Kumpulan
Syarikat-syarikat bersekutu
1999
Analisa mengikut aktiviti
Pembinaan
Perdagangan
Pelaburan
Pembangunan hartanah
Operasi kuari
Urusniaga antara syarikat-syarikat dalam Kumpulan
Syarikat-syarikat bersekutu
Tiada laporan segmen secara geografi disediakan kerana kesemua operasi utama Kumpulan dijalankan di Malaysia.
28. URUSNIAGA PENTING ANTARA SYARIKAT BERKAITAN
Yuran pengurusan
bagi syarikat subsidiari
Tuntutan kemajuan diterima
dari syarikat bersekutu
2000
RM
Segala urusniaga di atas telah dijalankan mengikut perjalanan biasa perniagaan dan dikenalpasti melalui syarat-syarat
perundingan.
-
7,640,272
Hasil
RM
153,426,033
2,743,168
259,900
3,012,976
155,331
159,597,408
(28,446,637)
131,150,771
KUMPULAN
-
131,150,771
Hasil
RM
158,716,998
4,275,686
258,765
3,771,500
179,031
167,201,980
(20,817,338)
146,384,642
-
146,384,642
1999
RM
-
2,479,841
Untung/(Rugi)
sebelum cukai
RM
9,544,098
(7,277)
10,667,121
(1,833,536)
(1,916,930)
16,453,476
2000
RM
-
16,453,476
556,457
17,009,933
Untung/(Rugi)
sebelum cukai
RM
4,736,215
(6,878)
(112,175)
(715,117)
(2,329,889)
1,572,156
(264,809)
1,307,347
2,220,744
3,528,091
259,900
SYARIKAT
-
Jumlah aset
digunakan
RM
235,134,186
1,161,850
273,962
23,216,379
5,534,830
265,321,207
1999
RM
-
265,321,207
5,977,775
271,298,982
Jumlah aset
digunakan
RM
187,064,615
1,389,552
57,512
23,362,374
6,317,595
218,191,648
-
218,191,648
5,727,241
223,918,889
258,765
-

84
NOTA-NOTA KEPADA PENYATA KEWANGAN
31 DISEMBER 2000
29. TUNAI DAN KESETARAAN TUNAI
Tunai dan baki bank
Simpanan tetap (Nota 15)
Overdraf
30. TANGGUNGAN LUAR JANGKA
Tanggungan luar jangka Kumpulan adalah dari segi jaminan bank dan bon pelaksanaan yang disokong oleh pihak bankbank
berlesen berjumlah RM45,000,000 (1999: RM54,000,000). Sebagai tambahan, tuntutan undang-undang yang
diambil ke atas Kumpulan yang mana tidak diperuntukan ke dalam penyata kewangan pada akhir tahun kewangan
berjumlah RM2,800,000.
31. PERISTIWA PENTING SEPANJANG TAHUN
2000
RM
3,113,931
2,533,035
(15,406,844)
(9,759,878)
KUMPULAN
31.1 Pada 13 Mac 2000, Suruhanjaya Sekuriti telah meluluskan cadangan pindaan kepada terma-terma dan syaratsyarat
tertentu Kewajipan Jaminan Keuntungan yang terkandung di dalam Perjanjian Pemegang Amanah
bertarikh 18 Jun 1997 seperti yang dinyatakan di bawah:
(i) penepian daripada membayar sejumlah RM15,855,668 yang merupakan perbezaan di antara jumlah
Kewajipan Jaminan Keuntungan dan keuntungan sebenar yang dicapai, bagi tahun kewangan berakhir
31 Disember 1999;
(ii) penepian daripada Kewajipan Jaminan Keuntungan sebanyak RM19,969,200 bagi tahun kewangan
berakhir 31 Disember 2000; dan
(iii) cadangan terbitan terhad sehingga sebanyak 8,133,500 waran diterbitkan percuma kepada para
pemegang saham yang layak berasaskan satu (1) waran bagi setiap dua (2) saham biasa bernilai
RM1.00 sesaham yang dimiliki.
Cadangan di atas telah diluluskan oleh Suruhanjaya Sekuriti dan tertakluk kepada terma-terma dan syaratsyarat
berikut:
(i) para Penjamin dikehendaki mengemukakan perakuan ke atas kedudukan kewangan bersih mereka;
(ii) para Penjamin dikehendaki menjualkan sejumlah 4,000,000 saham Syarikat pegangan mereka
yang kini disimpan dengan Pemegang Amanah di bawah Perjanjian Pemegang Amanah (Perjanjian
Tersimpan) bagi menampung perbezaan diantara jumlah Kewajipan Jaminan Keuntungan dan
keuntungan sebenar yang dicapai oleh Syarikat;
(iii) terbitan waran terhad berdasarkan baki Kewajipan Jaminan Keuntungan yang belum dijelaskan.
Berhubung dengan ini, Syarikat adalah dikehendaki mengemukakan skim terbitan waran terhad
tersebut untuk pertimbangan dan kelulusan Suruhanjaya Sekuriti; dan
(iv) terbitan waran tidak boleh ditawarkan kepada para Penjamin atau mana-mana pihak yang berkaitan
dengan mereka.
31.2 Pada 21 Mac 2000, setelah dimaklumkan oleh pihak Penjamin, Syarikat telah mengumumkan bahawa pihak
Penjamin akan merayu kepada Suruhanjaya Sekuriti ke atas kelulusan bersyarat yang dicadangkan.
31.3 Berikutan daripada itu, pada 13 April 2000, setelah dimaklumkan oleh pihak Penjamin, Syarikat telah
mengumumkan bahawa pihak Penjamin tidak akan membuat sebarang rayuan kepada Suruhanjaya Sekuriti
ke atas kelulusan bersyarat yang dicadangkan tersebut dan akan meneruskan cadangan seperti yang diluluskan
oleh Suruhanjaya Sekuriti.
31.4 Kewajipan Jaminan Keuntungan/Terbitan Waran Terhad
Susulan kepada kelulusan Suruhanjaya Sekuriti melalui surat bertarikh 13 Mac 2000 dimana salah satu
syarat yang dikenakan dimana para Penjamin perlu menjual pegangan di dalam Sekuriti Tersimpan untuk
menampung perbezaan diantara Kewajipan Jumlah Keuntungan dan keuntungan sebenar yang dicapai oleh
Lankhorst.
1999
RM
5,386,656
1,961,796
(18,272,290)
(10,923,838)
SYARIKAT
2000
RM
1,306
-
-
1,306
1999
RM
5,153
-
-
5,153

85
NOTA-NOTA KEPADA PENYATA KEWANGAN
31 DISEMBER 2000
Berpandukan kepada arahan oleh ahli jawatankuasa khas yang dibentuk oleh Lembaga Pengarah Syarikat,
Pemegang Amanah telah menjual Sekuriti Tersimpan melalui broker saham untuk menampung perbezaan
keuntungan.
Pada 26 Julai 2000, Penasihat Syarikat, Tetuan Utama Merchant Bank Berhad telah menghantar satu saranan
untuk cadangan terbitan waran terhad (“Terbitan Terhad”) untuk pertimbangan dan kelulusan Suruhanjaya
Sekuriti. Cadangan tersebut telah diluluskan oleh Suruhanjaya Sekuriti pada 30 Ogos 2000 bergantung
kepada harga penukaran waran mesti ditetapkan pada diskaun tidak lebih daripada 10% kepada lima (5) hari
harga purata wajaran untuk harga saham Syarikat sebelum tarikh penetapan harga (iaitu diantara tarikh
kelulusan dan tarikh penutupan buku).
Pada 22 September 2000 Lembaga Pengarah telah menetapkan penukaran waran pada harga RM2.00
dimana bersamaan dengan 10% diskaun atau RM0.22 kepada lima (5) hari harga purata wajaran pasaran
saham Syarikat. Harga penukaran waran telah diumumkan pada 25 September 2000 melalui Tetuan Utama
Merchant Bank Berhad.
Pada 3 Oktober 2000, Tetuan Utama Merchant Bank Berhad telah menghantar satu permohonan kepada
Bursa Saham Kuala Lumpur untuk penyenaraian dan penawaran harga 5,066,750 terbitan waran terhad
untuk diberi percuma kepada para pemegang saham yang layak berasaskan satu (1) waran bagi setiap
empat (4) saham biasa Syarikat yang dimiliki dan penyenaraian 5,066,750 saham biasa baru bernilai RM1.00
sesaham yang terbit dari penukaran 5,066,750 waran. Pada 16 Oktober 2000, Bursa Saham Kuala Lumpur
pada dasarnya telah meluluskan kemasukan ke dalam Senarai Rasmi Bursa Saham Kuala Lumpur dan
penyenaraian dan penawaran untuk waran dan saham biasa baru yang terbit dari penukaran waran. Selanjutnya
segala kelulusan untuk Terbitan Terhad telah diterima.
Syarikat kemudiannya telah mengumumkan 31 Oktober 2000 sebagai tarikh penutupan buku untuk kelayakan
mendapat waran dan penutupan daftar ahli pada 28 November 2000 hingga 29 November 2000 (termasuk
kedua-dua tarikh) untuk mengenalpasti para pemegang saham yang layak untuk Terbitan Terhad. Kecuali
bagi para Penjamin atau mana-mana pihak yang berkaitan dengan mereka, terbitan waran terhad telah
diperuntukan kepada para pemegang saham dimana nama-nama mereka tersiar di dalam Daftar Ahli dan
Rekod Penyimpan pada 27 November 2000. Pada 26 Disember 2000 waran telah berjaya disenaraikan di
Bursa Saham Kuala Lumpur.
31.5 Pada 22 Februari 2000, Syarikat melalui subsidiari milik penuh, Lankhorst Pancabumi Contractors Sdn Bhd
telah bersetuju membeli 240,000 saham biasa tambahan bernilai RM1.00 sesaham pada nilai tara di dalam
Rampai Budi Jaya Sdn Bhd dengan cara memodalkan pendahuluan tunai yang dibuat kepada Rampai Budi
Jaya Sdn Bhd.
31.6 Pada 11 Julai 2000, Syarikat melalui syarikat subsidiari milik penuh, Lankhorst Pancabumi Contractors Sdn
Bhd telah memperolehi semua modal terbitan dan berbayar di dalam Lankhorst Pavement Technologies
Sdn Bhd (dahulu dikenali sebagai Lankhorst Asset Sdn Bhd) berjumlah RM2.00 dengan pertimbangan tunai
RM2.00.
Selain daripada Ir. Tuan Haji Azlan Awang dan Tuan Haji Abdul Aziz Bakri yang memiliki satu (1) saham tiap
seorang di dalam Lankhorst Asset Sdn Bhd semenjak 25 September 1996 dan mempunyai kepentingan di
dalam urusniaga tersebut, tiada diantara para pengarah lain Syarikat mempunyai kepentingan samada secara
langsung atau tak langsung di dalam urusniaga tersebut.
31.7 Pada 4 Oktober 2000, Syarikat telah setuju membeli 19,000,000 saham biasa tambahan bernilai RM1.00
sesaham pada nilai tara di dalam Lankhorat Pancabumi Contractors Sdn Bhd dengan cara memodalkan
pendahuluan tunai yang dibuat kepada Lankhorst Pancabumi Contractors Sdn Bhd.
31.8 Pada 19 Oktober 2000, Syarikat melalui syarikat subsidiari milik penuh, Lankhorst Pancabumi Contractors
Sdn Bhd telah memperolehi Consortium Ibjay-Aritech Sdn Bhd dengan pertimbangan tunai nominal RM2.00
untuk modal terbitan dan berbayar sebanyak RM2.00.
Tiada diantara para pengarah mempunyai kepentingan di dalam urusniaga ini samada secara langsung atau
tidak langsung.
32. PERISTIWA-PERISTIWA SUSULAN
Cadangan Terbitan Hak/Skim Opsyen Saham Kakitangan
Pada 12 Januari 2001, Syarikat melalui penasihatnya, Tetuan Commerce International Merchant Bankers Berhad
(CIMB) telah mengumumkan perkara-perkara berikut:
(i) cadangan Tebitan Hak boleh pindah milik sehingga 90,131,500 saham biasa bernilai RM1.00 sesaham pada
harga terbitan RM1.00 sesaham Hak berasaskan dua (2) Saham Hak bagi setiap satu (1) saham biasa yang
dimiliki bernilai RM1.00 sesaham; dan
(ii) cadangan Skim Opsyen Saham Kakitangan kepada para pengarah dan para kakitangan yang layak bagi Syarikat
dan syarikat-syarikat subsidiari.

86
NOTA-NOTA KEPADA PENYATA KEWANGAN
31 DISEMBER 2000
Syarikat sedang dalam proses persediaan akhir penyerahan permohonan kepada Suruhanjaya Sekuriti dan pihakpihak
berkuasa yang lain. Penyerahan permohonan kepada Suruhanjaya Sekuriti dan pihak-pihak berkuasa yang lain
akan dibuat dalam tempoh enam (6) bulan dari tarikh pengumuman.
Pada 23 Februari 2001, Syarikat melalui syarikat subsidiari milik penuh, Lankhorst Pancabumi Contractors Sdn Bhd
telah memperolehi semua modal terbitan dan berbayar di dalam Konsep Kukuh Sdn Bhd dengan pertimbangan tunai
berjumlah RM2,400.
Tiada diantara para pengarah mempunyai kepentingan di dalam urusniaga ini samada secara langsung atau tidak
langsung.
33. PELARASAN TAHUN SEBELUMNYA
Pelarasan tahun sebelumnya adalah berpandukan kepada perubahan dasar perakaunan dalam kaedah menentukan
belanja permulaan dan belanja sebelum operasi berasaskan peruntukan oleh Lembaga Piawaian Perakaunan Malaysia
Piawaian No. 1: Cara Penyampaian Penyata Kewangan. Perubahan ini telah mengambilkira kaedah-kaedah yang digunakan
pada tahun-tahun sebelumnya.
Perbandingan maklumat telah dinyatakan semula untuk disesuaikan dengan pelarasan tahun sebelumnya. Ini telah
memberi kesan kepada pertambahan keuntungan bersih Kumpulan pada tahun berakhir 31 Disember 1999 sebanyak
RM462,682. Kesan-kesannya adalah seperti berikut:
Kumpulan
Keuntungan belum agih pada 1 Januari 1999
Keuntungan bersih bagi tahun berakhir 31 Disember 1999
Keuntungan belum agih pada 3 Disember 1999
34. ANGKA PERBANDINGAN
Berpandukan kepada penerimaan Lembaga Piawaian Perakaunan Malaysia dalam penyediaan penyata kewangan, cara
penyampaian dan pengelasan sesetengah perkara di dalam penyata kewangan perlu diubah. Selanjutnya, angka
perbandingan untuk perkara-perkara tersebut telah diklasifikasikan semula untuk disesuaikan dengan tahun semasa.
35. LAIN-LAIN MAKLUMAT BERKAITAN
Kos kakitangan
Bilangan kakitangan
Seperti laporan
tahun sebelumnya
RM
2000
RM
5,247,852
KUMPULAN
312
21,725,436
1,952,523
23,677,959
1999
RM
5,519,655
Kesan pelarasan
tahun sebelumnya
RM
355
(5,524,904)
462,682
(5,062,222)
2000
RM
128,002
Seperti dinyatakan
semula
RM
SYARIKAT
3
16,200,532
2,415,205
18,615,737
1999
RM
122,061
3

FORM OF PROXY
5th Annual General Meeting
I/We* (full name in capital letters)
of (address)
being a member/members* of LANKHORST BERHAD ("the Company"), hereby
appoint (full name)
of(full address)
or failing him/her* (full name)
of (full address)
(Co No. 393342-X)
Registered Office of the Company
5h Floor, Bangunan UMNO Selangor,
Persiaran Perbandaran,
Section 14, 40000 Shah Alam,
Selangor Darul Ehsan, Malaysia
Tel: 03 - 5512 3030, 531 3030
Fax: 03 - 531 3036
or failing him/her*, the CHAIRMAN OF THE MEETING as my/our* proxy to vote for me/us at the ANNUAL GENERAL MEETING of the
Company to be held on Tuesday, 26 June 2001 at Concorde III (level 2), Concorde Hotel, 40000 Shah Alam, Selangor at 10.0 am.
Please indicate with an "X" in the space provided below how you wish your vote be cast on the resolutions specified in the Notice of
Meeting. If no specific direction as to the voting is given, the Proxy will vote or abstain at his/her* discretion.
1.
2.
3.
4.
5.
6.
7.
To receive and adopt the Company's Audited Accounts for the financial year ended 31
December 2000 and the Reports of the Directors and Auditors thereon.
To re-elect Tuan Haji Abdul Aziz Bakri retiring in accordance with Article 81 the Company's
Articles of Association.
To re-elect YBhg. Dato' Idris Jusoh retiring in accordance with Article 88 the Company's
Articles of Association.
To re-elect Puan Norleza Abu Bakar retiring in accordance with Article 88 the Company's
Articles of Association.
To approve the payments Directors' fee for the financial year ended 31 December 2000.
To re-appoint Messrs. Hasyudeen & Co as Auditors, who will be accepting the appointment
under the name and style of Messrs. Khairuddin, Hasyudeen & Razi and to authorise the
Directors to fix their remuneration.
To authorise the Directors under Section 132D of the Companies Act to allot and issue
shares in the Company.
SPECIAL RESOLUTION
Proposed amendments to the Articles of Association of the Company.
*Delete if not applicable
DATED THIS: ............................. DAY OF ........... ........................2001
Notes:-
Signature of Member/Common Seal
1. A member entitled to attend and vote at the meeting is entitled to appoint one (1) or more proxies to attend and vote in his/her stead. A proxy need not be a member of the Company.
2. The provisions of Section 149(1)(b) and (c) of the Companies Act, 1965 shall not apply to the Company.
3. The instrument appointing such proxy shall be in writing under the hand of the appointer or if such appointer is a corporation, under the Common Seal or the hand of its attorney or an
officer of the corporation so authorised and must be deposited with the Company Secretary at the Registered Office at 5th Floor, Bangunan UMNO Selangor, Persiaran Perbandaran, Section
14, 40000 Shah Alam, Selangor not less than forty-eight (48) hours before the time fixed for the meeting or any adjournment thereof.

BORANG PROKSI
Mesyuarat Agung Tahunan ke 5
Saya/Kami* (nama penuh dengan huruf besar)
dari (alamat)
sebagai ahli/ahli-ahli* LANKHORST BERHAD ("Syarikat"), dengan ini
melantik (nama penuh)
dari (alamat penuh)
atau jika beliau tidak dapat hadir, (nama penuh)
(Co No. 393342-X)
Pejabat berdaftar Syarikat
Tingkat 5, Bangunan UMNO Selangor,
Persiaran Perbandaran,
Seksyen 14, 40000 Shah Alam,
Selangor Darul Ehsan, Malaysia
Tel: 03 - 5512 3030, 531 3030
Fax: 03 - 531 3036
dari (alamat penuh)
atau jika beliau tidak dapat hadir, PENGERUSI SYARIKAT sebagai proksi saya/kami* untuk mengundi bagi pihak saya/kami* di MESYUARAT
AGUNG TAHUNAN Syarikat yang akan diadakan pada hari Selasa, 26 Jun 2001 di Concorde III (aras 2), Hotel Concorde, 40000 Shah
Alam, Selangor pada jam 10.00 pagi.
Sila tandakan dengan "X" di ruang yang disediakan di bawah, bagaimana anda ingin undian anda dibuat ke atas resolusi yang dinyatakan
dalam Notis Mesyuarat. Jika tiada arahan khusus mengenai pengundian diberi, Proksi anda akan mengundi atau memutus untuk tidak
mengundi mengikut budi bicara beliau sendiri.
1.
2.
3.
4.
5.
6.
7.
Menerima dan meluluskan Akaun Syarikat yang telah diaudit bagi tahun kewangan berakhir 31
Disember 2000 bersama dengan Laporan-laporan Pengarah dan Juruaudit berkaitan dengannya.
Melantik semula Tuan Haji Abdul Aziz Bakri yang bersara menurut Artikel 81 Tataurusan
Penubuhan Syarikat.
Melantik semula YBhg. Dato' Idris Jusoh yang bersara menurut Artikel 88 Tataurusan
Penubuhan Syarikat.
Melantik semula Puan Norleza Abu Bakar yang bersara menurut Artikel 88 Tataurusan
Penubuhan Syarikat.
Meluluskan pembayaran yuran bagi para Pengarah untuk tahun kewangan berakhir 31
Disember 2000.
Melantik semula Tetuan Hasyudeen & Co. sebagai Juruaudit yang akan menerima perlantikan di
bawah nama dan pengurusan Tetuan Khairuddin, Hasyudeen & Razi dan memberi kuasa kepada
para Pengarah untuk menetapkan ganjaran mereka.
Memberi kuasa kepada para Pengarah untuk memperuntuk dan menerbit saham Syarikat
menurut Seksyen 132D, Akta Syarikat 1965.
RESOLUSI KHAS
Cadangan Pindaan ke atas Tataurusan Penubuhan Syarikat.
*Potong jika tidak berkenaan
BERTARIKH PADA: ............................. HARIBULAN..... ..............................2001
Nota:-
Tandatangan ahli/Meterai biasa
1. Setiap ahli yang berhak menghadiri dan mengundi dalam mesyuarat ini boleh melantik seorang atau lebih proksi untuk menghadiri dan mengundi bagi pihaknya. Proksi tidak semestinya
ahli Syarikat.
2. Peruntukan Seksyen 149(1)(b) dan (c) Akta Syarikat 1965 tidak dikenakan ke atas Syarikat.
3. Perlantikan proksi hendaklah dibuat secara bertulis dan ditandatangani oleh pelantik sendiri, atau jika pelantik sebuah perbadanan, surat perlantikan tersebut hendaklah dibuat di bawah
Meterai Biasa atau ditandatangani oleh peguam perbadanan tersebut yang diberi kuasa dan hendaklah diserahkan kepada Setiausaha Syarikat di Pejabat Berdaftar Syarikat di Tingkat 5,
Bangunan UMNO Selangor, Persiaran Perbandaran, Seksyen 14, 40000 Shah Alam, Selangor sekurang-kurangnya 48 jam sebelum masa yang ditetapkan untuk mesyuarat atau sebarang
penangguhan yang ditetapkan.