KUALA LUMPUR KEPONG BERHAD
(15043-V)
(INCORPORATED IN MALAYSIA)
Report and Accounts to 30th September
1999
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Contents
Page
Board of Directors
2
Corporate Information
3
Notice of Meeting
4-5
Corporate Calendar
6-7
Group Highlights
Chairman’s Review
Audit Committee
Report of the Directors
8
9 - 19
20
21 - 25
Consolidated Profit & Loss Account
26
Consolidated Balance Sheet
27
Profit & Loss Account of the Holding Company
28
Balance Sheet of the Holding Company
29
Consolidated Cash Flow Statement
30 - 32
Notes on the Accounts
33 - 52
Directors’ Statement and Statutory Declaration
53
Report of the Auditors
54
Area Statement
55
Five Year Plantation Statistics
56
Five Year Financial Statistics
57
Planted Area/Production Graphs
58
Earnings Per Share/Net Tangible Asset Per Share/Shareholders’ Funds Graphs
59
Properties of the Group
60 - 65
Location of the Plantations in Malaysia
66
Location of the Group’s Overseas Agricultural Operations
67
Shareholding Statistics
68 - 69
BOARD OF DIRECTORS
Front row from left to right:
Yeoh Eng Khoon, YM Dato’ Tengku Robert Hamzah, Yeoh Chin Hin, Dato’ Lee Oi Hian, R. M. Alias,
Datuk Abdul Rahman bin Mohd. Ramli
Back row from left to right:
Maj-Gen (R) Dato’ Dr. Mahmood B Sulaiman, Ong Beng Kee, Lee Soon Hian, Tan Sri Dato’ Thong Yaw Hong,
Lee Hau Hian, Charles Letts
CORPORATE
INFORMATION
BOARD OF DIRECTORS
Dato’ Lee Oi Hian - Executive Chairman
Yeoh Chin Hin @
Charles Letts
YM Dato’ Tengku Robert Hamzah
R. M. Alias @
Maj-Gen (R) Dato’ Dr. Mahmood B Sulaiman @
Ong Beng Kee - Executive Director
Lee Hau Hian
Tan Sri Dato’ Thong Yaw Hong
Lee Soon Hian - Executive Director
Datuk Abdul Rahman bin Mohd. Ramli
(Appointed on 11th September, 1999)
Yeoh Eng Khoon
(Alternate to Yeoh Chin Hin)
Dato’ Mohd. Hilmey bin Mohd. Taib
(Resigned with effect from 13th August, 1999)
Mohd. Ridza bin Yahya
(Resigned as alternate director to Dato’ Mohd. Hilmey bin Mohd. Taib
with effect from 13th August, 1999)
Company Secretaries
J. C. Lim
Fan Chee Kum
Auditors
KPMG
Principal Registrar and Registered Office
Kuala Lumpur Kepong Berhad,
Wisma Taiko,
1, Jalan S. P. Seenivasagam,
30000 Ipoh, Perak Darul Ridzuan, Malaysia.
Telephone: 605-2417844
Branch Registrar
M. P. Evans (UK) Ltd.,
3, Clanricarde Gardens,
Tunbridge Wells,
Kent TN1 1HQ, England.
Telephone: (01892) 516333
Bankers
Malayan Banking Berhad
HSBC Bank Malaysia Berhad
Public Bank Berhad
RHB Bank Berhad
Stock Exchange Listings
Kuala Lumpur Stock Exchange
London Stock Exchange
@ Member of Remuneration Committee
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Notice of Meeting
Notice is hereby given that the Twenty-seventh Annual General Meeting of the Company will be held at the
registered office, Wisma Taiko, 1, Jalan S.P. Seenivasagam, 30000 Ipoh, Perak Darul Ridzuan, Malaysia on
Wednesday, 23rd February, 2000 at 12.00 noon for the following purposes:1.
To receive and consider the accounts for the year ended 30th September, 1999 and the Directors’ and
Auditors’ reports thereon.
[Resolution 1]
2.
To sanction the payment of a final dividend of 9 sen per share less 28% Malaysian Income Tax and a
special dividend of 5 sen per share less 28% Malaysian Income Tax.
[Resolution 2]
3.
To re-elect the following Directors:(i)
Dato’ Lee Oi Hian
(ii) YM Dato’ Tengku Robert Hamzah
(iii) Datuk Abdul Rahman bin Mohd. Ramli
[Resolution 3]
[Resolution 4]
[Resolution 5]
4.
To consider and, if thought fit, pass a resolution pursuant to Section 129(6) of the Companies Act, 1965 to
re-appoint the following as Directors of the Company and to hold office until the next Annual General
Meeting of the Company:(i)
Yeoh Chin Hin
[Resolution 6]
(ii) Charles Letts
[Resolution 7]
(iii) Maj-Gen (R) Dato’ Dr. Mahmood B Sulaiman
[Resolution 8]
5.
To fix and approve Directors’ fees for the year ended 30th September, 1999 amounting to RM666,000
(1998: RM581,000).
[Resolution 9]
6.
To appoint Auditors and to authorise the Directors to fix their remuneration.
7.
As SPECIAL BUSINESS, to consider and, if thought fit, pass the following as an Ordinary Resolution :[Resolution 11]
PROPOSED AUTHORITY TO BUY BACK ITS OWN SHARES BY THE COMPANY
[Resolution 10]
THAT authority be given to the Directors for the Company to buy back such amount of ordinary shares of
RM1.00 each in the Company (“Authority to Buy Back Shares”) as may be determined by the Directors
from time to time through the Kuala Lumpur Stock Exchange upon such terms and conditions as the
Directors may deem fit and expedient in the best interests of the Company provided that the aggregate
number of shares purchased pursuant to this resolution does not exceed 2.8% of the total issued and
paid-up share capital of the Company (equivalent to 20,000,000 shares in the Company based on its
current issued and paid-up share capital [excluding treasury shares] of 710,177,128 shares of RM1.00 each
as at 10th December, 1999) and that an amount not exceeding the total retained profits of the Company
be allocated for the Authority to Buy Back Shares (the audited retained profits of the Company as at 30th
September, 1999 was RM646 million) AND THAT the Directors may resolve to cancel the shares so
purchased and/or retain the shares so purchased as treasury shares;
AND THAT the Directors be and are hereby empowered to do all such acts and things to give full effect to
the Authority to Buy Back Shares with full powers to assent to any conditions, modifications, revaluations,
variations and/or amendments (if any) as may be imposed by the relevant authorities AND THAT such
authority shall commence upon passing of this ordinary resolution and will expire at the conclusion of the
next Annual General Meeting (“AGM”) of the Company following the passing of this ordinary resolution or
the expiry of the period within which the next AGM is required by law to be held (unless earlier revoked or
varied by ordinary resolution of the shareholders of the Company in general meeting) but not so as to
prejudice the completion of a purchase by the Company before the aforesaid expiry date and, in any event,
in accordance with the provisions of the guidelines issued by the Kuala Lumpur Stock Exchange or any
other relevant authority.
4
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Notice of Meeting
8.
(Continued)
To transact any other ordinary business of the Company.
By Order of the Board
J. C. LIM
FAN CHEE KUM
Company Secretaries
Ipoh, Perak Darul Ridzuan,
Malaysia.
7th January, 2000.
Notes
(1)
A member of the Company entitled to attend and vote at the meeting is entitled to appoint not more than
two proxies to vote in his stead. A proxy need not be a member of the Company.
(2)
The instrument appointing a proxy must be deposited at the registered office of the Company not less than
48 hours before the time set for the meeting.
(3)
The final and special dividends, if approved, will be paid on 20th March, 2000 to all shareholders on the
Register of Members as at 24th February, 2000.
A Depositor with the Malaysian Central Depository shall qualify for entitlement to the dividends only in
respect of:(i)
Shares deposited into the Depositor’s securities account before 12.30 p.m. on 22nd February, 2000
in respect of shares which are exempted from Mandatory Deposit;
(ii)
Shares transferred into the Depositor’s securities account before 12.30 p.m. on 24th February, 2000
in respect of ordinary transfers; and
(iii)
Shares bought on the Kuala Lumpur Stock Exchange on a cum entitlement basis according to the
Rules of the Kuala Lumpur Stock Exchange.
Registrable transfers received by the Company’s Branch Registrar in United Kingdom on or before 24th
February, 2000 will be registered for entitlements to the dividend payments.
(4)
For Resolution 11, further information on the Share Buy Back is set out in the Circular to Shareholders of
the Company dated 7th January, 2000 which is despatched together with the Company’s 1999 Report and
Accounts.
(A proxy form is enclosed with this Report and Accounts).
5
Corporate Calendar
2nd January, 1999
Commencement of earthworks at
the 40 tn/hr Pinang Palm Oil Mill in
Semporna, Sabah.
3rd February, 1999
The Company’s 26th Annual
General Meeting was held at its
Corporate Head Office, Wisma
Taiko, Ipoh.
12th February, 1999
His Excellency, the Ambassador of the People’s Republic of China
to Malaysia at the KDC Complex
25th November, 1998
The Group announced the
incorporation of a new subsidiary,
namely, Crabtree & Evelyn (Hong
Kong) Limited for its retailing
operations of Crabtree & Evelyn
products in Hong Kong.
for a total cash consideration of
RM11,550,000 and 100% ordinary
shareholding in B.K.B. Hevea
Products Sdn Bhd from Batu
Kawan Berhad for cash
consideration of RM24,000,000.
10th December, 1998
27th November, 1998
His Excellency, Mr Liu Tong Kiao,
the Chinese Ambassador to
Malaysia and entourage together
with the President of the Tawau
Chinese Chamber of Commerce,
Datuk Kho Choon Seng, paid a
familiarisation visit to the
Kulumpang Development
Corporation Complex in Sabah.
Announcement of annual results of
the Group for the year ended 30th
September, 1998.
KLK’s subsidiary,
Masif Healthcare
Products Sdn Bhd
was awarded the
Certificate of
Accreditation for
the production of
Powdered
Standard
Malaysian Glove
and Powder-free Standard
Malaysian Glove.
2nd March, 1999
Mohd. Ridza bin Yahya was
appointed as an alternate director
to Dato’ Mohd. Hilmey bin Mohd.
Taib, replacing Sharifatul Hanizah
binti Said Ali who resigned on 17th
November, 1998.
Payment of a final dividend of 9 sen
per share, less 28% income tax and
a special dividend of 10 sen per
share, less 28% income tax for the
financial year ended 30th
September, 1998.
4th December, 1998
12th December, 1998
23rd April, 1999
The Group completed the
acquisition of 25% and 10%
ordinary shareholding in KL-Kepong
Cocoa Products Sdn Bhd from Batu
Kawan Berhad and Taiko
Management Sdn Bhd respectively
The Group entered into a JointVenture Agreement with Zuellig
Classics Marketing Corporation in
the Philippines for the marketing of
Crabtree & Evelyn products in that
country.
The annual Assistant Managers’
Conference (Plantations) was held
at Heritage Hotel, Ipoh.
25th May, 1999
Announcement of interim results
for half year ended 31st March,
1999.
9th to 13th June, 1999
C & E 1st
Asia-Pacific
Workshop,
Paradise
Sandy Bay,
Penang
KLK participated in the Minggu
Pelaburan Bersama PNB organised
by Permodalan Nasional Berhad,
held at the Putra World Trade
Centre, Kuala Lumpur.
Managers’
Conference,
Penang
23rd to 26th June, 1999
Crabtree & Evelyn 1st Asia-Pacific
Workshop was held at Paradise
Sandy Bay, Penang.
Malaysian
Palm Oil
Industries
Award
1998
28th June, 1999
KLK’s 55% owned subsidiary,
Voray Holdings Limited, Hong
Kong, disposed of a 30% equity in
Beijing King Voray Edible Oil Co Ltd
(“BKVEO”). On completion of the
transaction, BKVEO became a 25%
associate of the KLK Group.
29th June, 1999
KLK’s Palm Oil Mill at Tanjong
Malim, Perak Darul Ridzuan was
awarded the “Anugerah Industri
Sawit Malaysia Tahun 1998” for
achieving the highest Oil Extraction
Rate in the Wilayah Tengah region.
28th July, 1999
13th August, 1999
KLK’s subsidiary, B.K.B. Hevea
Products
Sdn Bhd
was
awarded the
MS ISO
9002
certification
for the
manufacture
of 3-layer
parquet.
Dato’ Mohd. Hilmey bin Mohd. Taib
and Mohd. Ridza bin Yahya
resigned as Director and Alternate
Director respectively.
9th August, 1999
Payment of an interim dividend of 6
sen per share, less 28% income tax
for the financial year ending 30th
September, 1999.
11th September, 1999
The Managers’ Conference
(Plantations) was held at the Hotel
Equatorial, Penang.
Datuk Abdul Rahman bin Mohd.
Ramli was appointed as Director of
KLK and Member of the Audit
Committee.
Mr Lee Soon Hian was appointed
as an Executive Director of KLK.
30th September, 1999
Minggu Pelaburan Bersama PNB, Putra
World Trade Centre, Kuala Lumpur
Successful commissioning of 80
tn/hr SWP Palm Oil Mill, Belitung,
Indonesia.
SWP Palm Oil Mill, Belitung, Indonesia
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Group Highlights
Financial
Turnover
1999
1998
-
RM’000
2,404,255
2,334,725
before taxation
-
RM’000
399,326
367,943
after taxation and minority shareholders’ interest
-
RM’000
370,406
273,964
before taxation
-
sen
56.2
51.6
after taxation
-
sen
52.1
38.4
gross
-
sen
20.0
25.0
net
-
sen
14.4
18.0
Net tangible asset
-
RM’000
3,180,103
2,931,558
Net tangible asset per share
-
RM
4.48
4.11
Fresh Fruit Bunches
-
tonnes
1,271,165
1,128,694
Rubber
-
‘000 kgs
26,900
25,301
Cocoa
-
‘000 kgs
2,230
2,092
Profit:-
Earnings per share:-
Dividend per share:-
Production
8
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Chairman’s Review
It gives me great pleasure to present on behalf of the Board, the Annual Report of the KLK
Group for the financial year ended 30 September, 1999.
For the year under review your Group achieved a profit before tax of RM399.33 million,
which exceeds last year’s figure of RM367.94 million by RM31.39 million or 8.5%.
However, profit after tax and minority shareholders’ interests rose by an even bigger margin
of 35.2% from RM273.96 million to RM370.41 million. This is on account of the
Government’s one-off tax waiver on operating profits for fiscal year 1999. As a result,
earnings per share increased substantially from 38.4 sen to 52.1 sen.
The bulk of the Group’s profit are derived from its core business of plantations, principally
that of the oil palms sector. Results from our resource-based manufacturing subsidiaries
were mixed, but as a whole this sector managed a significant turnaround. The retailing
sector however, performed below expectations.
Your Board has recommended a final dividend payment of 9 sen per share less tax, plus a
special dividend of 5 sen per share less tax, which when added to the interim dividend of 6
sen per share paid earlier will make up a total of 20 sen per share for the year. As a
comparison, last year’s total dividends amounted to 25 sen per share and in terms of
absolute quantum this year’s dividend payment will amount to RM102.27 million as against
last year’s RM128.27 million.
PLANTATIONS
Plantation profit reached a record high of RM301.33 million, exceeding last year’s result of
RM287.74 million by RM13.59 million or 4.7%. Oil palms remained by far the single largest
profit generator in line with past years’ pattern, contributing in this instance 98.8% of the
total plantation profit, whilst the other two crops, rubber and cocoa saw their roles
diminishing further, as they are being progressively replaced with oil palms.
Although the year’s average price of crude palm oil (CPO) realised at RM1,711 per tonne
may not seem to be that significantly lower than last year’s figure of RM1,847 per tonne, it
however, belies the fact that there was a sharp plunge in the price level from over RM2,500
per tonne achieved at the beginning of the year to an intra-year low of below RM1,000 per
tonne before recovering to the current level of around RM1,200 per tonne, at which it
appears to have found support. Nevertheless, the increase in FFB production by 12.6% to
9
Plantation Activities
Young plantings at PT ADEI, Indonesia
Oil palm nursery at PT ADEI, Indonesia
Tissue-cultured oil palms
Newly matured oil palms in Ladang Paloh
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Chairman’s Review
(Continued)
1.27 million tonnes, equivalent to 21.21 tonnes per hectare, and the corresponding
reduction in production costs have mitigated the price decline somewhat to enable a profit
per mature hectare of RM5,154 to be made, compared to RM5,753, achieved last year.
The increase in FFB production came mainly from the substantial areas of new plantings
brought into harvesting from our GSSB Complex, Sabah and also, for the first time, from our
SWP Complex, Belitung, Indonesia. The other factor was the ability of the palms to recover
from the drought-induced stress associated with the El Nino phenomenon of last year, with
a strong pick-up in crop harvests evidenced during the second half of the financial year,
during which period CPO prices had already weakened.
The total rubber production increased by 6.3% to 26,900 tonnes of which 2,000 tonnes
came from our Indonesian plantation PT ADEI. In our Peninsular estates, the 14,000
hectares of matured rubber put up a good performance, yielding 1,748 kg per hectare, due
to a less severe wintering experienced, whilst our younger Indonesian estates yielded only
747 kg per hectare, to cause a dilution of the overall Group average to 1,585 kg per hectare.
The low yield in PT ADEI is due largely to the predominance of clone GT.1 with its
characteristic slow-rising yield trend. With steps taken to rapidly increase housing units onsite, thus facilitating recruitment of more skilled tappers to bring the rest of the rubber into
tapping, a marked increase in production is expected for the future. With eventually some
5,100 hectares of rubber fully in tapping, equivalent to about 20% of the Group’s total
rubber, PT ADEI’s rubber is expected to contribute positively in the years ahead. On the
other hand, the total rubber area in our Peninsular estates continued to shrink by another
1,950 hectares to 19,770 hectares and this trend to replace uneconomic rubber fields with
oil palms in the Peninsular estates will continue in the coming years.
Plantation Activities
Human resource development is a key factor in improving productivity
Chief clerks attending a computer course
at our Training Centre in Ipoh
Demonstration at Ladang Sigalong on use of AA+ Mulch™
for Sabah Executives
Our most productive harvesters (Northern Region) with
GM Abdul Rahman (left) and Manager Heh Wun Yee (right)
Staff’s children performing Sumazau dance at Sabah Harvest
Festival’s celebration
Plantation executives from our Southern Region at the Field Mechanisation Course at Ladang Landak
New staff houses at PT SWP, Belitung, Indonesia
Overview of workers’ quarters at Ladang Sg Silabukan, Sabah
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Chairman’s Review
(Continued)
Notwithstanding the higher production figures, profit from the rubber sector declined
sharply on account of the rather depressed selling prices, which have fallen from an average
of 337 sen per kg to only 273 sen per kg to result in a disappointing profit per mature
hectare of RM389, in part accentuated by the loss recorded from the young matured rubber
in PT ADEI.
Cocoa has become a minor crop to the Group, occupying some 1,964 hectares or 2% of the
Group’s planted hectareage and although for the year, it has managed to maintain its
production level of 2,230 tonnes at a yield per hectare of 982 kg and a profit per mature
hectare of RM1,641, its hectareage is set to decline further.
Slow headway was made in the development of our plantations under PT ADEI, in the Riau
Province over the past two years due to the political uncertainties and other related socioeconomic problems. However despite this it has been possible todate to plant up some
5,500 hectares of jungle reserve with oil palms and another 5,000 hectares cleared and
readied for planting. With the recent election of a new government and the restoration of
stability in general, it is envisaged that within the next two years it should be possible to
plant up the remaining area to ultimately make our ADEI Complex into an attractive unit of
5,100 hectares of rubber and some 20,000 plus hectares of oil palms, complete with their
own processing facilities.
Insulated from the mainland, our SWP Complex on the island of Belitung, comprising some
14,000 hectares of oil palms, was relatively free from the vicissitudes that afflicted the ADEI
Complex and it is projected that the entire Complex, in which harvesting has commenced in
the first-phase planting, should be in full production within the next two years as each of the
phases is progressively brought into harvesting. A new 80 tonne/hour mill has been
successfully commissioned on site in time to take in the crop from the first-phase planting.
It is clear from the above that the focus of new plantings of oil palms has shifted from our
plantations in Sabah, which has since completed all their plantings, to our plantations in
Indonesia. The substantial 39,500 hectares of immature oil palms, representing 39% of the
Group’s oil palms, of which a large portion is in our Indonesian Complexes will assure the
Group of a constant stream of sizeable new productive areas annually for the next few
years.
13
James Robinson Gmbh in Dieburg, Germany produces
intermediates for use in hair dyes for the cosmetics industry
Cox Building Products Ltd in Great Britain –
Llanelli Shopping Centre in the UK provides a
showcase for the thermoplastic rooflight systems
Fine Chemicals by PFW Aroma Chemicals BV in Holland is a
world leader in producing polycyclic musks for use in fragrances
Retailing
Our store at the new Mid-Valley Megamall, Kuala Lumpur
C&E Store at World Trade Centre, New York
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Chairman’s Review
(Continued)
ASSOCIATE – YULE CATTO & CO. PLC
Following the acquisition of Holliday Chemical Holdings last year, our Associate, Yule Catto
continues with its consolidation of the various businesses acquired, whose main activities
are in speciality fine chemicals and in pharmaceutical intermediates. Trading conditions in
the chemical industry are reported to have improved after a particularly slow start and
market shares have been successfully maintained. In view of the heightened merger and
acquisition activities within the chemical industry globally, the Yule Catto Group is wellplaced to benefit from trading opportunities created by these structural changes. Our share
of Yule Catto’s profit has increased to £11.0 million.
MANUFACTURING
Our Group’s manufacturing subsidiaries have shown a significant turnaround and
collectively they have achieved a profit of RM33.5 million against a loss of RM12.8 million
previously. A notable contribution came from our oleochemicals business which benefited
from favourable raw material prices and improved demand internationally. Other resourcebased activities like cocoa-grinding, parquet production and our 50% joint-venture company,
Esterol which produces food esters have all registered satisfactory improvements, although
our glove plants were faced with keen competition and had their profits reduced.
An excellent improvement in profits was also realised from our bulking installation at Tianjin
and our vegetable oil refining at Wuhan, in the People’s Republic of China. The Tianjin
operation has embarked on an expansion programme to increase its tank farm capacity by
42%, using internally generated funds and this project is scheduled for completion by
March 2000.
During the year, the operations of Standard Soap, U.K. were streamlined resulting in the
closure of one of its manufacturing plants. The resultant redundancy payments gave rise to
a loss, however, with the steps taken, an improved performance is expected hereafter.
RETAILING
Crabtree & Evelyn ended the year with a higher loss before minority interest of RM32.3
million on the back of a marginally lower turnover of RM491.0 million, and after provisions
15
Resource-Based Manufacturing
B.K.B. Hevea Products Sdn Bhd – An aerial photograph of its ISO 9002 accredited plant
Laminated
natural
hardwood
floors
with nonallergenic
qualities
Cocoa powder
produced by
KL-Kepong Cocoa
Products Sdn Bhd
– meets ISO 9002
standards
Packaging line at Palm-Oleo Sdn Bhd
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Chairman’s Review
(Continued)
were made in respect of the closure of one of its manufacturing facilities. Sales in the U.S.
operations were lower and margins were insufficient to cover higher general and
administrative expenses. However, other overseas operations outside the U.S. were
profitable.
Mindful of the attractive attributes associated with the brand name and the global growth
potential, management has launched a coordinated and focused strategy in the U.S. to
restructure and revitalise its operations.
PROPERTY DEVELOPMENT
It was a difficult year for the property market and this has impacted the performance of our
joint-venture property investments. However, with the general improvement in the
economy and other positive measures initiated by the Government such as lowering of
interest rates, easier access to housing loans and the Home Ownership Campaigns,
interest has been stimulated in this sector and the improved sentiments should bring in
benefit in the near future.
Y2K ISSUE
All necessary internal rectification works in relation to the Millennium Bug have been
completed and although the Y2K glitch is not expected to have any significant impact on the
Group due to the nature of its business, the Group is nevertheless prepared for any
eventualities that may arise to ensure a smooth transition into Year 2000.
PROSPECTS
The economy has emerged from its worst recession in recent years and GDP growth has
been confidently predicted to be in excess of 4% for 1999, due in no small measure to the
bold and unprecedented fiscal stimulus and selective currency control measures taken by
our Government. The recently concluded General Election has also seen the Barisan
Nasional ruling coalition returned to power with more than two-thirds majority in Parliament.
Both these events should augur well for the stability, peace and progress as well as further
growth of the country in the new millennium.
17
Quality Control
Palm-Oleo Sdn Bhd
Distributed Control System (DCS) is used to monitor
and control the automated production line (left)
Autotitration is used in determining iodine values in
oleochemicals (below)
Evaluation of household gloves to ensure high quality
Computer generated Digital Elevation Models (DEM)
used in estate planning based on actual ground
conditions
KL-Kepong Cocoa Products Sdn Bhd using sophisticated
computer system for monitoring colours of cocoa powder
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Chairman’s Review
(Continued)
The plantation industry, on the other hand, is now undergoing a cyclical downturn in terms
of selling prices, especially that of palm oil. With the strong recovery in palm oil production
in 1999 from the El Nino affected year of 1998, and with world oil seeds production being
sustained at high levels, the prices of palm oil are suppressed at a competitively and
historically low level. Given this scenario, it will be hard to repeat this year’s performance in
the coming year, barring any late upsurge in price trends.
Heavy capital expenditures to the tune of RM170.5 million have been earmarked largely for
the substantial areas of new plantings in Sabah and Indonesia together with the requisite
milling facilities. However, the cash flow from our operations backed by our cash reserves
are more than adequate to meet these purposes.
ACKNOWLEDGEMENT
On behalf of the Board, I would like to thank Dato’ Mohd. Hilmey bin Mohd. Taib for his
valuable contributions during his tenure of directorship with the Group and to extend a
warm welcome to Datuk Abdul Rahman bin Mohd. Ramli, his replacement as
representative of the PNB Group. With the latter’s many years of service as the Group
Chief Executive of Golden Hope Plantations Berhad, I am sure KLK will stand to benefit
immensely from his experience.
The Board would like to congratulate Mr Lee Soon Hian, on his appointment as the other
Executive Director in charge of the non-plantation interests.
I also take this opportunity to express the Board’s appreciation to the management staff and
employees for their hard work and dedicated services to the Group during all these years
and to all the shareholders for their continued support.
Dato’ Lee Oi Hian
Executive Chairman
Ipoh, Perak Darul Ridzuan,
Malaysia.
17th December, 1999.
19
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Audit Committee
Members
Yeoh Chin Hin - Chairman
(Independent Non-Executive Director)
YM Dato’ Tengku Robert Hamzah
(Independent Non-Executive Director)
Datuk Abdul Rahman bin Mohd. Ramli
(Independent Non-Executive Director appointed on 11th September, 1999)
Dato’ Mohd. Hilmey bin Mohd. Taib
(Independent Non-Executive Director resigned with effect from 13th August, 1999)
Secretaries
J. C. Lim
Fan Chee Kum
Terms of Reference
The Audit Committee was established in 1993.
The establishment of the Audit Committee will ensure a more effective corporate governance especially in relation to
the internal and external audit functions within the Group. The terms of reference of the Audit Committee are as
follows:(a) Review with the External Auditors:- the audit plan;
- the evaluation of internal accounting controls; and
- the audit reports together with the management letter.
(b) Review with the External Auditors the Group’s accounting policies and reporting requirements.
(c) Review the adequacy and the maintenance of an effective accounting system and controls therein and make its
recommendation to the Board where necessary.
(d) Liaise directly between External Auditors, the Internal Auditor, the Management and the Board.
(e) Recommend the appointment and remuneration of the External Auditors of the Company and its subsidiaries.
(f)
Any other functions that may be agreed from time to time between the Audit Committee and the Board.
20
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Report of the Directors
The Directors of Kuala Lumpur Kepong Berhad have pleasure in submitting their Report together with the audited
accounts of the Group consisting of the Company and its subsidiaries and of the Company for the year ended 30th
September, 1999.
PRINCIPAL ACTIVITIES
The Company carries on the business of producing and processing palm products, natural rubber and cocoa on its
plantations. The Group’s subsidiary and associated companies are involved in the business of plantation,
manufacturing, retailing, property development and investment holding. There have been no significant changes
in the nature of these activities during the year ended 30th September, 1999.
RESULTS
Group
RM’000
Profit before taxation
Taxation
Profit after taxation
Minority shareholders’ interest
Profit after taxation and minority shareholders’ interest
Unappropriated profit brought forward
Profit available for appropriation
Cancellation of shares bought back
Appropriations:Interim dividend of 6 sen gross per share, less income tax, paid on
9th August, 1999
Proposed final dividend of 9 sen gross per share, less income tax
Proposed special dividend of 5 sen gross per share, less income tax
Transfer to reserves
Share of associated company’s exchange adjustment
Unappropriated profit carried forward
399,326
20,690
–––––––––––
378,636
(8,230)
–––––––––––
370,406
830,305
–––––––––––
1,200,711
(1,284)
–––––––––––
1,199,427
30,680
46,020
25,566
11,704
113,970
–––––––––––
1,085,457
5,446
–––––––––––
1,090,903
–––––––––––
–––––––––––
Company
RM’000
302,773
39,837
–––––––––––
262,936
–––––––––––
262,936
489,893
–––––––––––
752,829
(1,284)
–––––––––––
751,545
30,680
46,020
25,566
3,515
105,781
–––––––––––
645,764
–––––––––––
645,764
–––––––––––
–––––––––––
DIVIDENDS
The amounts paid or declared by way of dividend by the Company since the end of the previous financial year
were:(i)
a final dividend of 9 sen gross per share, less 28% income tax, amounting to RM46,171,000 in respect of the
year ended 30th September, 1998 was paid on 2nd March, 1999, as proposed in last year’s report;
(ii) a special dividend of 10 sen gross per share, less 28% income tax, amounting to RM51,301,000 in respect of
the year ended 30th September, 1998 was paid on 2nd March, 1999, as proposed in last year’s report;
(iii) an interim dividend of 6 sen gross per share, less 28% income tax, amounting to RM30,680,000 in respect of
the year ended 30th September, 1999 was paid on 9th August, 1999.
21
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Report of the Directors
(Continued)
The Directors recommend the payment of a final dividend of 9 sen gross per share, less 28% income tax and a
special dividend of 5 sen gross per share, less 28% income tax, totalling RM71,586,000 which, subject to approval
at the Annual General Meeting of the Company, will be paid on 20th March, 2000 to shareholders on the
Company’s register of members at the close of business on 24th February, 2000.
RESERVES AND PROVISIONS
All material transfers to and from reserves and provisions during the year are shown in Note 20 on the accounts.
ISSUED AND PAID-UP CAPITAL
During the financial year, the Company implemented the shares buy back scheme which was approved by
shareholders at the Extraordinary General Meeting held on 17th February, 1998 and subsequently renewed at the
Annual General Meeting (“AGM”) held on 3rd February, 1999. Details of the shares bought back are as follows:Highest price
paid per share
RM
Lowest price
paid per share
RM
Average price
paid per share
RM
Total
Consideration
RM ‘000
285,000
–––––––––––
4.46
4.44
4.45
1,284
–––––––
February, 1999
March, 1999
1,208,000
1,131,000
–––––––––––
2,339,000
–––––––––––
5.90
5.25
5.10
4.72
5.58
4.86
6,823
5,559
–––––––
12,382
–––––––
Total
2,624,000
–––––––––––
–––––––––––
Month
No. of shares
bought back
Shares Cancelled
October, 1998
Held as
Treasury Shares
13,666
–––––––
–––––––
The mandate given by shareholders will expire at the forthcoming AGM and an ordinary resolution will be tabled at
the AGM for shareholders to renew the mandate for another year.
DIRECTORS OF THE COMPANY
Directors who serve since the date of the last report are shown on page 3.
In accordance with the Company’s Articles of Association, Dato’ Lee Oi Hian and YM Dato’ Tengku Robert
Hamzah retire by rotation at the forthcoming Annual General Meeting, and being eligible, offer themselves for reelection.
Datuk Abdul Rahman bin Mohd. Ramli, who was appointed since the last Annual General Meeting, retires in
accordance with the Company’s Articles of Association at the forthcoming Annual General Meeting, and being
eligible, offers himself for re-election.
Yeoh Chin Hin, Charles Letts and Maj-Gen (R) Dato’ Dr. Mahmood B Sulaiman retire at the forthcoming Annual
General Meeting pursuant to Section 129(2) of the Companies Act, 1965, and resolutions will be proposed for their
re-appointments as Directors under the provision of Section 129(6) of the said Act to hold office until the
conclusion of the following Annual General Meeting of the Company.
22
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Report of the Directors
(Continued)
DIRECTORS’ SHAREHOLDINGS
Details of the Directors’ shareholdings in the Company during the year are as follows:-
Name
Dato’ Lee Oi Hian
- held directly
- deemed interested
Yeoh Chin Hin
- held directly
- deemed interested
Charles Letts
- held directly
- deemed interested
YM Dato’ Tengku Robert Hamzah
- held directly
- deemed interested
R. M. Alias
- held directly
- deemed interested
Lee Hau Hian
- held directly
- deemed interested
Tan Sri Dato’ Thong Yaw Hong
- held directly
- deemed interested
Lee Soon Hian
- held directly
- deemed interested
Yeoh Eng Khoon (alternate to Yeoh Chin Hin)
- held directly
- deemed interested
Number of Shares of RM1 each
–––––––––––––––––––––––––––––––––––––––––––––––––––––––
Balance at
Balance at
1.10.1998
Bought
Sold
30.9.1999
48,000
310,005,896
10,020,000
-
48,000
320,025,896
1,050,000
60,000
-
-
1,050,000
60,000
456,000
-
-
-
456,000
-
60,000
150,000
13,000
20,000
-
73,000
170,000
225,000
-
-
-
225,000
-
55,500
310,005,896
10,020,000
-
55,500
320,025,896
24,000
40,500
10,000
-
-
34,000
40,500
140,000
310,005,896
10,020,000
-
140,000
320,025,896
240,000
2,013,000
50,000
-
240,000
2,063,000
Other than the abovementioned Directors, no other Director in office at the end of the year held any shares in the
Company.
Except for Lee Hau Hian who holds 358,668 shares in the Company as a bare trustee, none of the other Directors
has any non-beneficial interest in the shares of the Company during the financial year.
There were no changes notified by the Directors in any of their direct beneficial interest in the share capital of the
Company between 30th September, 1999 and 10th December, 1999.
23
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Report of the Directors
(Continued)
By virtue of their deemed interests in the shares of the Company, Dato’ Lee Oi Hian, Lee Hau Hian and Lee Soon
Hian are deemed to have an interest in the shares of the subsidiaries of the Company to the extent of the
Company’s interest in the respective subsidiaries as disclosed under Note 26 on the accounts. In addition they
also have an interest in the shares held by other companies in a related corporation of the Company until
December, 1998 as detailed below:Number of Ordinary Shares of RM1 each and
Number of Redeemable Preference Shares of RM0.10 each*
––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Subsidiary
Balance at
Balance at
KL-Kepong Cocoa Products Sdn. Bhd.
1.10.1998
Bought
Sold
30.9.1999
Dato’ Lee Oi Hian
- held directly
- deemed interested
5,250,000
5,250,000
5,250,000*
5,250,000*
Lee Hau Hian
- held directly
- deemed interested
5,250,000
5,250,000
5,250,000*
5,250,000*
Lee Soon Hian
- held directly
- deemed interested
5,250,000
5,250,000
5,250,000*
5,250,000*
Other than the abovementioned Directors, no other Director in office has any beneficial interest in the shares of
related corporations of the Company during the financial year.
DIRECTORS’ BENEFITS
Since the end of the previous financial year, no Director of the Company has received or become entitled to
receive any benefits (other than a benefit included in the aggregate amount of emoluments received or due and
receivable by Directors shown in the Group accounts, or of a related company) 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, except for any deemed benefits that may accrue
to certain Directors by virtue of normal trading transactions by the Group and the Company with related parties as
disclosed under Note 23 on the accounts.
There were no arrangements during and at the end of the year which the Company was a party to which had the
object of enabling Directors of the Company to acquire benefits by means of the acquisition of shares or
debentures of the Company or any other body corporate.
OTHER STATUTORY INFORMATION
Before the profit and loss account 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.
24
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Report of the Directors
(Continued)
At the date of this report, the Directors of the Company are not aware of any circumstances:(i)
that would render the amount written off for bad debts, or the amount of the provision for doubtful debts, in
the Group and Company, inadequate to any substantial extent;
(ii) that would render the values attributed to the current assets in the Group and Company accounts misleading;
(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; and
(iv) not otherwise dealt with in this report or the accounts, that would render any amount stated in the accounts
of the Group and of the Company misleading.
At the date of this report there does not exist:(i)
any charge on the assets of the Group or of the Company which has arisen since the end of the financial year
and which secures the liabilities of any other person; or
(ii) any contingent liability in respect of the Group or of the Company that has arisen since the end of the financial
year.
No contingent liability or other liability of any company in the Group has become enforceable, or is likely to become
enforceable within the period of twelve months after the end of the financial year which will or may substantially
affect the ability of the Company or of the Group to meet their obligations as and when they fall due.
In the opinion of the Directors, the results of the operations of the Group and of the Company for the financial year
ended 30th September, 1999 have not been substantially affected by any item, transaction or event of a material
and unusual nature other than the exceptional items disclosed under Note 5 on the accounts, nor have any such
item, transaction or event occurred in the interval between the end of that financial year and the date of this
report.
AUDITORS
The retiring auditors, KPMG (formerly known as KPMG Peat Marwick), have indicated their willingness to accept
re-appointment.
On Behalf of the Board
DATO’ LEE OI HIAN
(Executive Chairman)
YEOH CHIN HIN
(Director)
Ipoh, Perak Darul Ridzuan,
Malaysia.
3rd January, 2000.
25
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Consolidated Profit and Loss Account
for the year ended 30th September, 1999
Note
Turnover
2
Cost of sales
Operating profit
Investment income
Exceptional items
Share of profits of associated companies
Profit before taxation
Taxation
3
4
5
6
Profit after taxation
Minority shareholders’ interest
Profit after taxation and minority shareholders’ interest
Unappropriated profit brought forward
Profit available for appropriation
Cancellation of shares bought back
Appropriations:Dividends
Reserves
7
20
RM’000
2,404,255
–––––––––––––
–––––––––––––
2,334,725
–––––––––––––
–––––––––––––
1,602,178
–––––––––––––
–––––––––––––
1,550,959
–––––––––––––
–––––––––––––
289,650
27,999
2,986
78,691
–––––––––––––
399,326
20,690
–––––––––––––
378,636
(8,230)
–––––––––––––
370,406
830,305
–––––––––––––
1,200,711
(1,284)
–––––––––––––
1,199,427
247,216
41,579
5,838
73,310
–––––––––––––
367,943
109,808
–––––––––––––
258,135
15,829
–––––––––––––
273,964
712,816
–––––––––––––
986,780
–––––––––––––
986,780
102,266
11,704
113,970
–––––––––––––
1,085,457
Share of associated company’s:Goodwill written off
Exchange adjustment
Unappropriated profit carried forward
5,446
20
Retained by:Holding company
Subsidiary companies
Associated companies
21
128,265
22,512
150,777
–––––––––––––
836,003
(233)
(5,465)
5,446
–––––––––––––
1,090,903
–––––––––––––
–––––––––––––
(5,698)
–––––––––––––
830,305
–––––––––––––
–––––––––––––
645,764
335,119
110,020
–––––––––––––
1,090,903
–––––––––––––
–––––––––––––
489,893
255,839
84,573
–––––––––––––
830,305
–––––––––––––
–––––––––––––
Sen
Earnings per share
1998
RM’000
52.1
–––––––––––––
–––––––––––––
Sen
38.4
–––––––––––––
–––––––––––––
The notes set out on pages 33 to 52 form an integral part of,
and should be read in conjunction with, these accounts.
26
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Consolidated Balance Sheet
at 30th September, 1999
Note
FIXED ASSETS
PROPERTY DEVELOPMENT
ASSOCIATED COMPANIES
OTHER INVESTMENTS
INTANGIBLE ASSETS
GOODWILL ON CONSOLIDATION
CURRENT ASSETS
Stocks
Trade debtors
Other debtors
Deposits
Cash and bank balances
1,954,493
66,010
580,574
61,310
23,347
14,929
–––––––––––––
2,700,663
1,894,870
65,391
573,287
42,660
24,331
–––––––––––––
2,600,539
13
330,598
166,813
85,262
485,605
32,948
–––––––––––––
1,101,226
–––––––––––––
354,785
182,391
90,179
391,204
51,126
–––––––––––––
1,069,685
–––––––––––––
92,402
130,015
28,182
71,753
6,969
59,521
624
71,586
–––––––––––––
461,052
113,747
125,747
102,667
35,234
58,872
44,921
2,275
97,472
–––––––––––––
580,935
640,174
–––––––––––––
3,340,837
–––––––––––––
–––––––––––––
488,750
–––––––––––––
3,089,289
–––––––––––––
–––––––––––––
712,516
2,518,245
–––––––––––––
3,230,761
12,382
–––––––––––––
3,218,379
92,092
9,318
9,515
7,424
4,109
–––––––––––––
3,340,837
–––––––––––––
–––––––––––––
712,801
2,243,088
–––––––––––––
2,955,889
–––––––––––––
2,955,889
100,537
7,391
8,735
9,331
7,406
–––––––––––––
3,089,289
–––––––––––––
–––––––––––––
16
17
18
NET CURRENT ASSETS
Financed by:SHARE CAPITAL
RESERVES
19
20
Less: COST OF TREASURY SHARES
MINORITY SHAREHOLDERS’ INTEREST
DEFERRED TAXATION
PROVISION FOR RETIREMENT BENEFITS
FINANCE LEASES
TERM LOANS
1998
RM’000
8
9
11
12
14
15
Less:CURRENT LIABILITIES
Trade creditors
Other creditors
Taxation
Bank overdrafts
Term loans
Short term borrowings
Finance leases
Dividends (net)
RM’000
22
17
The notes set out on pages 33 to 52 form an integral part of,
and should be read in conjunction with, these accounts.
27
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Profit and Loss Account of the Holding Company
for the year ended 30th September, 1999
Note
Turnover
2
Cost of sales
Operating profit
Investment income
Exceptional items
3
4
5
Profit before taxation
Taxation
6
Profit after taxation
Unappropriated profit brought forward
Profit available for appropriation
Cancellation of shares bought back
Appropriations:Dividends
Reserves
7
20
Unappropriated profit carried forward
20
RM’000
1998
RM’000
612,287
–––––––––––––
–––––––––––––
625,605
–––––––––––––
–––––––––––––
265,768
–––––––––––––
–––––––––––––
296,783
–––––––––––––
–––––––––––––
102,436
196,822
3,515
–––––––––––––
302,773
39,837
–––––––––––––
262,936
489,893
–––––––––––––
752,829
(1,284)
–––––––––––––
751,545
102,255
179,381
9,268
–––––––––––––
290,904
71,952
–––––––––––––
218,952
408,474
–––––––––––––
627,426
–––––––––––––
627,426
102,266
3,515
105,781
–––––––––––––
645,764
–––––––––––––
–––––––––––––
128,265
9,268
137,533
–––––––––––––
489,893
–––––––––––––
–––––––––––––
The notes set out on pages 33 to 52 form an integral part of,
and should be read in conjunction with, these accounts.
28
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Balance Sheet of the Holding Company
at 30th September, 1999
Note
FIXED ASSETS
SUBSIDIARY COMPANIES
ASSOCIATED COMPANIES
OTHER INVESTMENTS
CURRENT ASSETS
Stocks
Trade debtors
Other debtors
Deposits
Cash and bank balances
RM’000
1998
RM’000
8
10
11
12
646,184
1,804,260
94,735
652
–––––––––––––
2,545,831
646,424
1,763,678
87,709
652
–––––––––––––
2,498,463
13
14,720
7,016
52,469
354,620
2,226
–––––––––––––
431,051
–––––––––––––
17,460
8,358
29,164
326,180
4,924
–––––––––––––
386,086
–––––––––––––
4,868
34,649
71,586
–––––––––––––
111,103
10,027
40,672
54,379
97,472
–––––––––––––
202,550
319,948
–––––––––––––
2,865,779
–––––––––––––
–––––––––––––
183,536
–––––––––––––
2,681,999
–––––––––––––
–––––––––––––
712,516
2,119,884
–––––––––––––
2,832,400
12,382
–––––––––––––
2,820,018
39,174
6,587
–––––––––––––
2,865,779
–––––––––––––
–––––––––––––
712,801
1,961,137
–––––––––––––
2,673,938
–––––––––––––
2,673,938
2,144
5,917
–––––––––––––
2,681,999
–––––––––––––
–––––––––––––
15
Less:CURRENT LIABILITIES
Trade creditors
Other creditors
Taxation
Dividends (net)
NET CURRENT ASSETS
Financed by:SHARE CAPITAL
RESERVES
19
20
Less: COST OF TREASURY SHARES
DEFERRED TAXATION
PROVISION FOR RETIREMENT BENEFITS
22
The notes set out on pages 33 to 52 form an integral part of,
and should be read in conjunction with, these accounts.
29
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Consolidated Cash Flow Statement
for the year ended 30th September, 1999
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before taxation
Adjustments for:Depreciation
Amortisation of leasehold land
Fixed assets written off
Loss on disposal of fixed assets
Retirement benefits provision
Interest expenses
Dividends income
Interest income
Exceptional items
Share of associated companies’ profits
Operating profit before working capital changes
Working capital changes:Stocks
Debtors
Creditors
Cash generated from operations
Interest paid
Tax paid
Retirement benefits paid
Net cash from operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of fixed assets
Plantation development expenditure
Property development expenditure
Purchase of subsidiaries, net of cash acquired
Purchase of additional shares in subsidiary companies
Investment in associated companies
Purchase of investments
Sales of fixed assets
Sales of properties
Compensation from government on land acquired
Disposal of a subsidiary company
Sales of investments
(Advances to)/Repayment from associated companies
Dividends received from associated companies
Dividends received from investments
Interest received
Liquidation of an associated company
Liquidation of investment
Net cash used in investing activities
RM’000
1998
RM’000
399,326
367,943
73,463
9,082
165
213
1,317
9,500
(4,345)
(23,654)
(2,986)
(78,691)
–––––––––––––
383,390
77,907
7,023
2,082
2,479
2,764
16,160
(5,320)
(36,259)
(5,838)
(73,310)
–––––––––––––
355,631
14,837
14,204
12,661
–––––––––––––
425,092
(9,580)
(77,212)
(537)
–––––––––––––
337,763
–––––––––––––
–––––––––––––
(32,576)
(43,384)
17,718
–––––––––––––
297,389
(16,160)
(71,749)
(2,354)
–––––––––––––
207,126
–––––––––––––
–––––––––––––
(110,734)
(36,248)
(619)
(25,316)
(16,843)
(17)
(21,707)
2,416
1,984
4,612
(5,889)
28,753
(438)
15,331
2,995
23,026
100
–––––––––––––
(138,594)
–––––––––––––
–––––––––––––
(112,894)
(31,690)
(7)
(4,521)
(2,934)
(34,334)
(23,246)
1,528
13,643
(843)
52,817
1,397
9,593
2,993
33,588
2,920
390
–––––––––––––
(91,600)
–––––––––––––
–––––––––––––
30
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Consolidated Cash Flow Statement
for the year ended 30th September, 1999 (Continued)
RM’000
CASH FLOWS FROM FINANCING ACTIVITIES
Drawdown of short term borrowings
Term loans received
Repayment of term loans
Payment of finance leases
Dividends paid by holding company
Dividends paid to minority shareholders
Issue of share by a subsidiary company to minority shareholders
Return of loan capital to minority shareholders
Redemption of redeemable cumulative preference shares
Share buy back
Net cash used in financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
NOTES ON THE CONSOLIDATED CASH FLOW STATEMENT
A. CASH AND CASH EQUIVALENTS
Cash and cash equivalents consist of:Cash and bank balances
Deposits
Bank overdrafts
Cash and cash equivalents
Effect of exchange rate changes
Cash and cash equivalents as restated
B.
ANALYSIS OF ACQUISITION OF SUBSIDIARY COMPANIES
The fair values of assets and liabilities of subsidiaries
acquired were as follows:Fixed assets
Current assets
Current liabilities
Deferred taxation
Redeemable cumulative preference shares
Minority interest
Net assets acquired
Goodwill on acquisition
Total purchase price
Less: Cash and bank balances
Cash flow on acquisition, net of cash acquired
1998
RM’000
14,600
27,809
(45,410)
(3,416)
(128,152)
(2,378)
279
(2,039)
(10,000)
(13,666)
–––––––––––––
(162,373)
–––––––––––––
–––––––––––––
5,668
65,246
(100,821)
(1,606)
(82,115)
(1,427)
4,920
–––––––––––––
(110,135)
–––––––––––––
–––––––––––––
36,796
410,004
–––––––––––––
446,800
–––––––––––––
–––––––––––––
5,391
401,705
–––––––––––––
407,096
–––––––––––––
–––––––––––––
32,948
485,605
(71,753)
–––––––––––––
446,800
–––––––––––––
446,800
–––––––––––––
–––––––––––––
51,126
391,204
(35,234)
–––––––––––––
407,096
2,908
–––––––––––––
410,004
–––––––––––––
–––––––––––––
18,022
13,465
(6,641)
(774)
(10,000)
–––––––––––––
14,072
11,784
–––––––––––––
25,856
(540)
–––––––––––––
25,316
–––––––––––––
–––––––––––––
1,714
2,880
(15)
(89)
–––––––––––––
4,490
31
–––––––––––––
4,521
–––––––––––––
4,521
–––––––––––––
–––––––––––––
31
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Consolidated Cash Flow Statement
for the year ended 30th September, 1999 (Continued)
RM’000
C.
ANALYSIS OF DISPOSAL OF A SUBSIDIARY COMPANY
The fair values of assets and liabilities of a subsidiary company
disposed were as follows:Fixed assets
Current assets
Current liabilities
Minority interest
Exchange reserve
Term loans
Net liabilities
Profit/(Loss) on disposal
Transfer to investment in associated company
Cash flow on disposal
37,650
30,676
(33,416)
(5,199)
(1,107)
(37,199)
–––––––––––––
(8,595)
3,774
(1,068)
–––––––––––––
(5,889)
–––––––––––––
–––––––––––––
1998
RM’000
248
17,533
(17,812)
(737)
–––––––––––––
(768)
(75)
–––––––––––––
(843)
–––––––––––––
–––––––––––––
The notes set out on pages 33 to 52 form an integral part of,
and should be read in conjunction with, these accounts.
32
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Notes on the Accounts
1.
ACCOUNTING POLICIES
Summarised below are the more significant accounting policies of the Company and its subsidiaries.
1.1
Basis of accounting
The accounts are prepared under the historical cost convention, modified to include certain fixed
assets and investments at valuation and in compliance with applicable approved accounting
standards in Malaysia and the provisions of the Companies Act, 1965.
1.2
Basis of consolidation
The consolidated profit and loss account and consolidated balance sheet include the accounts of the
Company and all its subsidiaries made up to the end of the financial year, except for a subsidiary
company which is in members’ voluntary liquidation. All inter-company transactions have been
eliminated on consolidation.
The results of subsidiary companies acquired during the year are included in the Group accounts
from their respective effective dates of acquisitions.
Goodwill or reserve arising on consolidation represents the difference between the acquisition cost
of shares in the subsidiary companies and the fair value of attributable net assets acquired at the
date of acquisition. Goodwill is stated at cost and is not amortised.
1.3
Associated companies
The Group treats as associated companies those actively trading companies in which a long term
equity interest of between 20% and 50% is held and where there is management participation
through Board representation.
The Group’s share of post-acquisition results and reserves of associated companies is included in
the consolidation accounts and is based on the latest audited and published interim reports in
respect of listed companies and latest audited accounts and unaudited management accounts in
respect of unlisted companies.
1.4
Fixed assets
(a)
Depreciation and amortisation
Fixed assets are depreciated on a straight line basis over their estimated useful lives except
for freehold land on which no depreciation is provided.
For the freehold land and buildings at valuation, of an overseas subsidiary whereby the
property is held as investment property, no depreciation is provided on the buildings. Such
investment property is revalued annually by the Directors and the aggregate surplus or deficit
is transferred to revaluation reserve.
The principal depreciation rates are as follows:Leasehold property
-
Palm oil mill machinery
Plant and machinery
Motor vehicles
Furniture, fittings and equipment
Buildings, factories and mills
Employees’ quarters
Effluent ponds, roads and bridges
-
Amortised by equal annual instalments over
the remaining life of the lease.
10% per annum
8 to 20% per annum
20 to 25% per annum
10 to 331⁄3% per annum
2 to 10% per annum
10% per annum
5 to 10% per annum
33
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Notes on the Accounts
1.5
(Continued)
(b)
New planting expenditure
New planting expenditure incurred on land clearing and upkeep of trees to maturity is
capitalised under Plantation Development and is not amortised other than those short land
leases held in Indonesia where the Plantation Development is amortised over the life of the
lease.
(c)
Replanting expenditure
Replanting expenditure is charged to the profit and loss account in the year in which the
expenditure is incurred.
(d)
Disposal of fixed assets
Profits or losses arising from the disposal of fixed assets are taken up in the profit and loss
account.
Leases
Assets acquired under finance lease agreements are included in fixed assets and the capital element
of the leasing commitments is shown as finance leases.
Leased assets are depreciated over the shorter of its expected useful life and the term of the lease.
1.6
Property development
Property development consists of freehold land held for future development and is stated at cost
and includes all related costs incurred on activities necessary to prepare the land for its intended use.
1.7
Intangible assets
These assets relate to trade marks which are stated at cost. No amortisation is provided as in the
opinion of the Directors they do not have a finite useful economic life.
1.8
Stocks
Stocks of produce are valued at the lower of cost and net realisable value. Cost includes
manufacturing charges, where applicable, and is determined on a weighted average basis.
Growing crops are valued at the cost of seed, fertiliser and sprays.
Livestock (sheep) is valued at net realisable value.
Stores and materials are valued at weighted average cost.
1.9
Treatment of replanting cess
Replanting cess refundable is included in the accounts in respect of the total eligible crop produced
during the year.
1.10
Investments
(a)
Investment income
Investment income from subsidiaries is included in the profit and loss account on a receivable
basis. Investment income from other investments is included on a receipts basis.
(b)
Disposal of investments
Profits and losses arising from the disposal of investments held on a long term basis are
included in the profit and loss account as exceptional items.
(c)
Value of investments
Investments in subsidiaries and associated companies are stated at cost or Directors’
valuation unless the market value is less than book value and in the opinion of the Directors a
permanent diminution in value has arisen.
Other investments are stated at cost unless the market value is lower than cost, a provision is
set aside for diminution in value.
34
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Notes on the Accounts
(Continued)
1.11
Deferred taxation
Deferred taxation is provided on the liability method for the timing differences between the
accounting and taxation treatment of depreciation and capital allowances respectively on fixed
assets and for other timing differences except where no liability is expected to arise in the
foreseeable future. Deferred tax benefits arising from unutilised tax losses and capital allowances
are only recognised when there is a reasonable expectation of realisation in the near future.
1.12
Currency conversion
Transactions in foreign currencies are converted at the rates of exchange ruling on the transaction
dates. Foreign currency assets and liabilities are converted into Ringgit Malaysia at the rates of
exchange approximate to those at balance sheet date. Where forward exchange contracts have
been arranged in respect of assets and liabilities, the contracted rates of exchange are used.
All exchange differences are dealt with in the profit and loss account except for long term assets
which are dealt with in the “Exchange Fluctuation Account”.
The assets and liabilities of foreign subsidiaries are translated into Ringgit Malaysia at the rates of
exchange approximate to those at balance sheet date. The results of the foreign subsidiaries and
associated companies are translated at the average rates of exchange for the year. Exchange
differences arising from the translation of assets and liabilities at rates of exchange approximate to
those at balance sheet date and results at average rates of exchange for the year, and the
restatement of the opening net investments in foreign subsidiaries and associated companies at
rates of exchange approximate to those at balance sheet date are shown in the “Exchange
Fluctuation Account”.
1.13
2.
Research and development expenditure
All general research and development expenditure is charged to the profit and loss account in the
year in which the expenditure is incurred.
TURNOVER
Group
1999
RM’000
Palm products
Rubber
Cocoa beans
Manufacturing
Retailing
Investment income
Others
950,015
78,689
3,133
845,543
490,983
27,999
7,893
–––––––––––
2,404,255
–––––––––––
–––––––––––
1998
RM’000
966,613
93,198
3,141
712,820
508,880
41,579
8,494
–––––––––––
2,334,725
–––––––––––
–––––––––––
Company
1999
1998
RM’000
RM’000
341,630
70,097
3,738
196,822
–––––––––––
612,287
–––––––––––
–––––––––––
360,055
82,089
4,080
179,381
–––––––––––
625,605
–––––––––––
–––––––––––
In the case of the Group, turnover comprises sales to third parties only.
35
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Notes on the Accounts
3.
(Continued)
OPERATING PROFIT
Group
1999
RM’000
1998
RM’000
Company
1999
1998
RM’000
RM’000
Operating profit before taxation is arrived
at after charging and (crediting) the following:Directors’ remuneration
- fees provided
- other emoluments
Auditors’ remuneration
Hire of plant and machinery
Rent on buildings
Overdraft and other interest
Term loans interest
Amortisation of leasehold land (Note 8)
Depreciation (Note 8)
Replanting expenditure
Fixed assets written off
Research and development expenditure
Retirement benefits provision
Realised gain in foreign exchange
Loss/(Gain) on disposal of fixed assets
Rental income from land and buildings
4.
708
1,303
1,484
3,581
57,365
6,637
2,863
9,082
73,463
44,865
165
2,291
1,317
(1,208)
213
(1,349)
–––––––––––
–––––––––––
612
2,778
2,146
6,696
58,328
9,693
6,467
7,023
77,907
34,569
2,082
5,288
1,164
(6,020)
2,479
(1,545)
–––––––––––
–––––––––––
666
1,303
65
600
388
8,908
24,754
139
2,291
1,122
(1,208)
(177)
(201)
–––––––––––
–––––––––––
581
2,778
65
426
388
8,795
24,656
492
2,080
681
(945)
(64)
(132)
–––––––––––
–––––––––––
INVESTMENT INCOME
Group
Gross dividend received from:Shares quoted in Malaysia
Shares quoted outside Malaysia
Unquoted shares
Dividends from unquoted subsidiaries
Dividends from associated companies:Quoted outside Malaysia
Unquoted
Interest
1999
RM’000
1998
RM’000
947
1,963
1,435
-
863
3,187
1,270
-
23,654
–––––––––––
27,999
–––––––––––
–––––––––––
36,259
–––––––––––
41,579
–––––––––––
–––––––––––
Company
1999
1998
RM’000
RM’000
1,435
145,202
22,724
150
27,311
–––––––––––
196,822
–––––––––––
–––––––––––
1,270
102,662
22,912
1,800
50,737
–––––––––––
179,381
–––––––––––
–––––––––––
36
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Notes on the Accounts
5.
(Continued)
EXCEPTIONAL ITEMS
Surplus arising from government acquisitions
of land
Surplus on sale of land
Surplus on sale of properties
Gain/(Loss) on sale of a subsidiary company
Surplus on sales of investments
Surplus on liquidation of an associated company
Surplus on liquidation of an investment
Provision for diminution in value of an
associated company
Provision for diminution in value of investments
Write back of provision for diminution in value
of investments
Share of associated companies’ exceptional
items
6.
TAXATION
Malaysian taxation
Overseas taxation
Transfer to/(from) deferred taxation
Less: Over provision in respect of previous years
Add: Share of associated companies’ taxation
Group
1999
1998
RM’000
RM’000
Company
1999
1998
RM’000
RM’000
4,007
1,225
3,774
6,371
100
-
1,639
7,604
(75)
10,716
716
176
3,415
100
-
568
7,604
920
176
(1,068)
-
(8,363)
-
-
-
-
-
5,713
(17,136)
––––––––––
2,986
––––––––––
––––––––––
(6,575)
––––––––––
5,838
––––––––––
––––––––––
Group
1999
1998
RM’000
RM’000
653
2,559
1,084
––––––––––
4,296
(1,316)
––––––––––
2,980
17,710
––––––––––
20,690
––––––––––
––––––––––
83,887
4,878
842
––––––––––
89,607
(287)
––––––––––
89,320
20,488
––––––––––
109,808
––––––––––
––––––––––
––––––––––
3,515
––––––––––
––––––––––
––––––––––
9,268
––––––––––
––––––––––
Company
1999
1998
RM’000
RM’000
23,600
3,304
37,030
––––––––––
63,934
(24,097)
––––––––––
39,837
––––––––––
39,837
––––––––––
––––––––––
67,516
4,796
(360)
––––––––––
71,952
––––––––––
71,952
––––––––––
71,952
––––––––––
––––––––––
The Company has sufficient credit under Section 108 of the Income Tax Act, 1967 to frank the payment of
net dividends of approximately RM286 million (1998: RM391 million) out of its distributable reserves
without having to incur additional taxation.
Subject to agreement by the Inland Revenue Board, the Company has about RM270 million (1998: RM110
million) tax exempt profit available to be distributed as tax exempt dividends.
The tax charge for the Company relates to taxable dividend income only. There is no tax charge for the
current financial year in respect of all business income due to the tax waiver of 1999 income as provided in
the Income Tax (Amendment) Act, 1999.
7.
DIVIDENDS
Interim 6 sen gross per share less 28% income tax
(1998: 6 sen gross per share less 28% income tax)
Proposed final 9 sen gross per share less 28% income tax
(1998: 9 sen gross per share less 28% income tax)
Proposed special 5 sen gross per share less 28% income tax
(1998: 10 sen gross per share less 28% income tax)
Group and Company
1999
1998
RM’000
RM’000
30,680
30,793
46,020
46,171
25,566
––––––––––
102,266
––––––––––
––––––––––
51,301
––––––––––
128,265
––––––––––
––––––––––
37
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Notes on the Accounts
8.
(Continued)
FIXED ASSETS
Freehold
Land
and
Buildings
RM’000
GROUP
Cost or valuation
At beginning of the year
Reclassification
Additions
Disposals/Written off
Acquisition of subsidiary
company
Disposal of subsidiary
company
Exchange adjustment
At end of the year
299,306
3,836
(914)
-
Leasehold
Plantation
Land Development
RM’000
RM’000
209,878
22,731
(3,427)
2,812
918,105
36,248
(797)
-
Other
Buildings
RM’000
231,081
11
5,306
(2,994)
7,100
Plant,
Machinery,
Vehicles,
etc.
RM’000
714,979
(11)
78,861
(13,798)
16,480
Total
RM’000
2,373,349
146,982
(21,930)
26,392
(4,803)
(14,155)
(29,213)
(48,171)
(1,759)
1,946
17,850
4,340
(80)
22,297
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
300,469
229,137
971,406
230,689
767,218
2,498,919
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Accumulated depreciation
At beginning of the year
7,848
26,496
124,626
319,509
478,479
Charge for the year
2,504
9,082
1,482
10,079
59,398
82,545
Disposals/Written off
(250)
(3,035)
(1,284)
(11,794)
(16,363)
Acquisition of subsidiary
109
1,451
6,810
8,370
company
Disposal of subsidiary
company
(408)
(1,908)
(8,205)
(10,521)
Exchange adjustment
2,642
683
30
200
(1,639)
1,916
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
At end of the year
12,744
32,927
1,512
133,164
364,079
544,426
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Net book value
At 30th September, 1999
At 30th September, 1998
Fixed assets are included
at cost or valuation as
follows:
Cost
Valuation
287,725
196,210
969,894
97,525
403,139
1,954,493
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
291,458
183,382
918,105
106,455
395,470
1,894,870
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
210,649
119,622
721,844
230,408
767,213
2,049,736
89,820
109,515
249,562
281
5
449,183
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
300,469
229,137
971,406
230,689
767,218
2,498,919
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
The net book value of leasehold land comprises:
Long term
Short term
1999
RM’000
1998
RM’000
136,613
132,206
59,597
51,176
––––––––––––––––––––––
196,210
183,382
––––––––––––––––––––––
––––––––––––––––––––––
38
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Notes on the Accounts
(Continued)
Freehold
Land
RM’000
COMPANY
Cost or valuation
At beginning of the year
Reclassification
Additions
Disposals/Written off
At end of the year
Long Term
Leasehold
Plantation
Land Development
RM’000
RM’000
Buildings
RM’000
Plant,
Machinery,
Vehicles,
etc.
RM’000
Total
RM’000
148,504
35,883
436,477
65,256
109,343
795,463
10
(10)
1,830
7,854
9,684
(76)
(287)
(697)
(2,359)
(3,419)
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
148,428
35,883
436,190
66,399
114,828
801,728
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Accumulated depreciation
At beginning of the year
7,187
50,910
90,942
149,039
Charge for the year
388
2,266
6,642
9,296
Disposals/Written off
(628)
(2,163)
(2,791)
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
At end of the year
7,575
52,548
95,421
155,544
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Net book value
At 30th September, 1999
At 30th September, 1998
Fixed assets are included
at cost or valuation as
follows:
Cost
Valuation
148,428
28,308
436,190
13,851
19,407
646,184
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
148,504
28,696
436,477
14,346
18,401
646,424
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
75,660
238,102
66,399
114,828
494,989
72,768
35,883
198,088
306,739
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
148,428
35,883
436,190
66,399
114,828
801,728
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
The net book value of the revalued assets of the Group and the Company had these assets been carried at
cost less depreciation are RM159.3 million (1998: RM161.4 million) and RM103.7 million (1998: RM104.0
million) respectively.
The net book value of the assets of a subsidiary company held under finance leases amounted to RM2.6
million (1998: RM2.9 million).
Freehold land, leasehold land and plantation development expenditure shown at Directors’ valuation on 1st
October, 1980 are based on an opinion of value, using the “Investment Method Approach”, by a
professional firm of Chartered Surveyors on 22nd November, 1979. Freehold land and buildings of an
overseas subsidiary are shown at Directors’ valuation on 30th September, 1992 based on open market
value, as expressed by a firm of professional valuers. The leasehold land and plantation development
belonging to certain subsidiaries acquired during the year ended 30th September, 1991 were revalued by
the Directors in 1990 based on the comparison method. The freehold land belonging to an overseas
subsidiary was revalued by the Directors based on existing use and has been incorporated in the accounts.
Subsequent additions are shown at cost while deletions are at valuation or cost as appropriate. As allowed
by the transitional provisions of International Accounting Standard 16 – Property, Plant and Equipment
issued by the Malaysian Accounting Standards Board, these assets have continued to be stated on the
basis of their valuations.
The details of the properties of the Group are shown on pages 60 to 65.
39
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Notes on the Accounts
9.
(Continued)
PROPERTY DEVELOPMENT
Group
1999
RM’000
Freehold land at cost
Development expenditure
10.
58,660
7,350
–––––––––––
66,010
–––––––––––
–––––––––––
1998
RM’000
58,660
6,731
–––––––––––
65,391
–––––––––––
–––––––––––
SUBSIDIARY COMPANIES
Company
1999
1998
RM’000
RM’000
Unquoted shares at cost
Advances to subsidiaries
Advances from subsidiaries
796,273
1,046,886
(146,944)
–––––––––––
1,696,215
108,045
–––––––––––
1,804,260
–––––––––––
–––––––––––
Dividends receivable
11.
762,023
935,688
(13,549)
–––––––––––
1,684,162
79,516
–––––––––––
1,763,678
–––––––––––
–––––––––––
ASSOCIATED COMPANIES
Group
1999
RM’000
Shares at cost
In overseas quoted corporations
In unquoted corporations
Provision for diminution in value
Post-acquisition reserves
Amount due from associated companies
Market value of shares
In overseas quoted corporations
1998
RM’000
Company
1999
1998
RM’000
RM’000
156,322
67,560
–––––––––––
223,882
(1,068)
–––––––––––
222,814
356,330
1,430
–––––––––––
580,574
–––––––––––
–––––––––––
161,474
66,492
–––––––––––
227,966
–––––––––––
227,966
344,329
992
–––––––––––
573,287
–––––––––––
–––––––––––
90,803
3,872
–––––––––––
94,675
–––––––––––
94,675
60
–––––––––––
94,735
–––––––––––
–––––––––––
82,845
3,872
–––––––––––
86,717
–––––––––––
86,717
992
–––––––––––
87,709
–––––––––––
–––––––––––
610,875
–––––––––––
–––––––––––
481,346
–––––––––––
–––––––––––
559,396
–––––––––––
–––––––––––
426,203
–––––––––––
–––––––––––
40
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Notes on the Accounts
12.
(Continued)
OTHER INVESTMENTS
Group
1999
RM’000
Shares at cost
In Malaysia quoted corporations
In overseas quoted corporations
In unquoted corporations
Provision for diminution in value
Market value of shares
In quoted corporations
13.
1998
RM’000
Company
1999
1998
RM’000
RM’000
29,387
27,936
18,803
–––––––––––
76,126
(14,816)
–––––––––––
61,310
–––––––––––
–––––––––––
31,191
14,311
11,948
–––––––––––
57,450
(14,790)
–––––––––––
42,660
–––––––––––
–––––––––––
7,079
–––––––––––
7,079
(6,427)
–––––––––––
652
–––––––––––
–––––––––––
7,079
–––––––––––
7,079
(6,427)
–––––––––––
652
–––––––––––
–––––––––––
48,249
–––––––––––
–––––––––––
89,404
–––––––––––
–––––––––––
–––––––––––
–––––––––––
–––––––––––
–––––––––––
STOCKS
Group
1999
RM’000
These comprise the following:Stocks of produce
Growing crops
Livestock
Stores and materials
203,564
1,291
2,658
123,085
–––––––––––
330,598
–––––––––––
–––––––––––
1998
RM’000
243,804
1,112
2,111
107,758
–––––––––––
354,785
–––––––––––
–––––––––––
Company
1999
1998
RM’000
RM’000
8,983
5,737
–––––––––––
14,720
–––––––––––
–––––––––––
11,501
5,959
–––––––––––
17,460
–––––––––––
–––––––––––
14.
OTHER DEBTORS
Included in other debtors of the Group are loans of RM145,000 (1998: RM109,000) granted to full-time
directors of subsidiary companies in accordance with the terms and conditions set out in the approved
Housing Loan Scheme for all eligible employees of those subsidiary companies.
15.
DEPOSITS
Group
1999
RM’000
Deposits with:Licensed banks
Licensed finance companies
363,358
122,247
–––––––––––
485,605
–––––––––––
–––––––––––
1998
RM’000
287,481
103,723
–––––––––––
391,204
–––––––––––
–––––––––––
Company
1999
1998
RM’000
RM’000
294,000
60,620
–––––––––––
354,620
–––––––––––
–––––––––––
243,140
83,040
–––––––––––
326,180
–––––––––––
–––––––––––
41
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Notes on the Accounts
16.
(Continued)
BANK OVERDRAFTS
Group
1999
RM’000
Secured
Unsecured
1998
RM’000
67,024
4,729
–––––––––––
71,753
–––––––––––
–––––––––––
28,719
6,515
–––––––––––
35,234
–––––––––––
–––––––––––
The bank overdrafts are secured on a corporate guarantee issued by the Company and properties of certain
overseas subsidiary companies.
17.
TERM LOANS
Group
1999
RM’000
Repayable within 12 months:- Secured
- Unsecured
Repayable after 12 months (secured)
1998
RM’000
6,969
–––––––––––
6,969
4,109
–––––––––––
11,078
–––––––––––
–––––––––––
527
58,345
–––––––––––
58,872
7,406
–––––––––––
66,278
–––––––––––
–––––––––––
The interest rates applicable to these term loans for the year ranged from 0.5% to 1.0% (1998: 0.5% to
1.5%) per annum above the banks’ base lending rates. These term loans are secured on a corporate
guarantee issued by the Company and assets of certain subsidiary companies.
18.
SHORT TERM BORROWINGS
Group
1999
RM’000
Export credit refinancing loans
Bankers’ acceptances
40,795
18,726
–––––––––––
59,521
–––––––––––
–––––––––––
1998
RM’000
12,624
32,297
–––––––––––
44,921
–––––––––––
–––––––––––
These short term borrowings are unsecured. The interest and discount rates charged ranged from 2.80%
to 10.35% (1998: 7.00% to 14.00%) per annum.
42
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Notes on the Accounts
19.
(Continued)
SHARE CAPITAL
Group and Company
1999
1998
RM’000
RM’000
Shares of RM1 each:Authorised
Issued and fully paid
Balance at beginning of the year
Shares cancelled on repurchased
Balance at end of the year
1,000,000
–––––––––––
–––––––––––
1,000,000
–––––––––––
–––––––––––
712,801
(285)
–––––––––––
712,516
–––––––––––
–––––––––––
712,801
–––––––––––
712,801
–––––––––––
–––––––––––
The shareholders of the Company granted the authority to the Directors to repurchase its own shares at
the Extraordinary General Meeting held on 17th February, 1998 and subsequently renewed at the Annual
General Meeting held on 3rd February, 1999. The Directors of the Company are committed to enhancing
the value of the Company to its shareholders and believe that the repurchase plan can be applied in the
best interests of the Company and its shareholders.
During the year, the Company repurchased a total of 2,624,000 of its issued shares from the open market
for a total cost of RM13,665,695. The average cost paid for the shares repurchased was RM5.21 per
share. The repurchase transactions were financed by internally generated funds. Of the total shares
bought back, 285,000 shares were cancelled and an amount equivalent to their nominal value was
transferred to the capital redemption reserve in accordance with the requirement of Section 67A of the
Companies Act, 1965. The transfer to capital redemption reserve and the premium paid on the shares
repurchased were made out of the retained profits. The balance of 2,339,000 of the repurchased shares
are being held as treasury shares in accordance with the requirement of Section 67A of the Companies
Act, 1965.
Of the total 712,516,128 issued and fully paid shares, 2,339,000 are held as treasury shares by the
Company. As at 30th September, 1999, the number of outstanding shares in issue and fully paid is
710,177,128 shares of RM1.00 each.
43
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Notes on the Accounts
20.
(Continued)
RESERVES
Group
Capital
Capital reserve
Balance at beginning of the year
Transfer from revaluation reserve
Increase in share of associated
companies’ capital reserve
Transfer from Profit and Loss Account
Balance at end of the year
Revaluation reserve
Balance at beginning of the year
Realised on disposal
Balance at end of the year
Reserve on consolidation
Balance at beginning of the year
Goodwill on consolidation during the year
Transfer to goodwill on consolidation
Balance at end of the year
Capital redemption reserve
Balance at beginning of the year
Cancellation of shares bought back
Balance at end of the year
Exchange fluctuation account
Balance at beginning of the year
Realised gain
Exchange adjustment
Balance at end of the year
Revenue
General
Unappropriated profit carried forward
Total
Analysed as:Non-distributable
Distributable
Company
1999
1998
RM’000
RM’000
1999
RM’000
1998
RM’000
1,266,144
93
1,065,893
-
1,326,946
93
1,317,678
-
951
11,704
–––––––––––
1,278,892
177,739
22,512
–––––––––––
1,266,144
3,515
–––––––––––
1,330,554
9,268
–––––––––––
1,326,946
53,438
(93)
53,438
-
53,345
–––––––––––
1,332,237
53,438
–––––––––––
1,319,582
6,477
(6,477)
6,484
(7)
-
–––––––––––
1,332,237
6,477
–––––––––––
1,326,059
285
285
–––––––––––
1,332,522
-
38,429
(93)
38,336
–––––––––––
1,368,890
–––––––––––
1,368,890
285
38,429
38,429
–––––––––––
1,365,375
–––––––––––
1,365,375
-
–––––––––––
1,326,059
285
–––––––––––
1,369,175
–––––––––––
1,365,375
84,921
(12,534)
91,532
(1,208)
284
46,151
(945)
46,326
80,483
–––––––––––
1,413,005
–––––––––––
72,387
–––––––––––
1,398,446
–––––––––––
90,608
–––––––––––
1,459,783
–––––––––––
91,532
–––––––––––
1,456,907
–––––––––––
14,337
1,090,903
–––––––––––
1,105,240
–––––––––––
2,518,245
–––––––––––
–––––––––––
14,337
830,305
–––––––––––
844,642
–––––––––––
2,243,088
–––––––––––
–––––––––––
14,337
645,764
–––––––––––
660,101
–––––––––––
2,119,884
–––––––––––
–––––––––––
14,337
489,893
–––––––––––
504,230
–––––––––––
1,961,137
–––––––––––
–––––––––––
375,575
2,142,670
–––––––––––
2,518,245
–––––––––––
–––––––––––
360,429
1,882,659
–––––––––––
2,243,088
–––––––––––
–––––––––––
141,611
1,978,273
–––––––––––
2,119,884
–––––––––––
–––––––––––
129,961
1,831,176
–––––––––––
1,961,137
–––––––––––
–––––––––––
72,387
8,096
Included under the non-distributable reserves is an amount of RM12,382,000 (1998: Nil) which was utilised
for the purchase of the treasury shares and is considered as non-distributable.
44
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Notes on the Accounts
(Continued)
21.
EARNINGS PER SHARE
The earnings per share is calculated by dividing the Group earnings of RM370,406,000 (1998:
RM273,964,000) by the weighted average number of 711,051,042 (1998: 712,801,128) shares of the
Company in issue during the year.
22.
DEFERRED TAXATION
Group
1999
RM’000
Balance at beginning of the year
Acquired during the year
Transfer from/(to) Profit and Loss Account
Exchange difference
Balance at end of the year
7,391
774
1,084
–––––––––––
9,249
69
–––––––––––
9,318
–––––––––––
–––––––––––
1998
RM’000
6,727
842
–––––––––––
7,569
(178)
–––––––––––
7,391
–––––––––––
–––––––––––
Company
1999
1998
RM’000
RM’000
2,144
37,030
–––––––––––
39,174
–––––––––––
39,174
–––––––––––
–––––––––––
2,504
(360)
–––––––––––
2,144
–––––––––––
2,144
–––––––––––
–––––––––––
The timing differences on which deferred taxation has been provided for in full are in respect of the excess
of taxation capital allowances over depreciation on fixed assets, provision for retirement benefits and
dividend income receivable from subsidiaries by the Company which is taxed based on receipt basis.
23.
SIGNIFICANT RELATED PARTY TRANSACTIONS
(a)
Significant inter-company transactions of the Company are as follows:1999
RM’000
Purchases from subsidiaries
Sales to subsidiaries
Interest receivable
Other expenses
(b)
23,410
231,527
8,588
3,981
–––––––––––
–––––––––––
1998
RM’000
25,030
265,946
20,655
3,980
–––––––––––
–––––––––––
Significant related party transactions of the Group and of the Company are as follows:Group
1999
RM’000
Purchases of goods
Manufacturing charges payable
Management fees receivable
Management fees payable
14,038
975
225
851
–––––––––––
–––––––––––
1998
RM’000
16,829
827
224
391
–––––––––––
–––––––––––
Company
1999
1998
RM’000
RM’000
9,074
622
21
–––––––––––
–––––––––––
10,935
337
21
–––––––––––
–––––––––––
The above transactions have been entered into in the ordinary course of business and transacted at
prices agreed between parties.
45
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Notes on the Accounts
24.
(Continued)
COMMITMENTS
Group
Capital
Contracts placed but not completed
at 30th September
Capital expenditure approved by the
Board but not contracted for at
30th September
25.
1999
RM’000
1998
RM’000
23,039
3,911
45,884
–––––––––––
68,923
–––––––––––
–––––––––––
22,954
–––––––––––
26,865
–––––––––––
–––––––––––
Company
1999
1998
RM’000
RM’000
9
220
279
–––––––––––
288
–––––––––––
–––––––––––
73
–––––––––––
293
–––––––––––
–––––––––––
LEASE COMMITMENTS
Group
1999
RM’000
Commitments under non-cancellable operating leases:Expiring within one year
Expiring between two to five years
Expiring after five years
3,047
21,199
29,222
–––––––––––
53,468
–––––––––––
–––––––––––
1998
RM’000
5,741
30,130
27,152
–––––––––––
63,023
–––––––––––
–––––––––––
The majority of the overseas subsidiaries’ leases of land and buildings are subject to rent review periods
ranging between 1 and 5 years.
26.
SUBSIDIARIES AND ASSOCIATES
The names of subsidiary and associated companies are detailed below:-
Subsidiary companies
PLANTATIONS
PENINSULAR MALAYSIA
Gunong Pertanian Sdn. Bhd.
K. H. Syndicate Limited †
The Kuala Pertang
Syndicate Limited †
The Shanghai Kelantan Rubber
Estates (1925) Limited †
Uni-Agro Multi Plantations
Sdn. Bhd.
KL-Kepong Edible Oils Sdn. Bhd.
KL-Kepong Plantation Holdings
Sdn. Bhd.
Taiko Plantations Sdn. Berhad †
Principal
Country of
country of
incorporation operation
Group’s
percentage
interest
1999 1998
Principal activities
Malaysia
England
England
Malaysia
Malaysia
Malaysia
100
100
100
100
100
100
Plantation
Plantation
Plantation
Hong Kong
Malaysia
100
100
Plantation
Malaysia
Malaysia
51
51
Plantation
Malaysia
Malaysia
100
100
Malaysia
Malaysia
100
100
Malaysia
Malaysia
100
100
Refining of palm
products
Investment holding
Management of
plantations
46
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Notes on the Accounts
Subsidiary companies
PLANTATIONS
KDC COMPLEX
Kulumpang Development
Corporation Sdn. Berhad
Sri Kunak Plantation Sdn.
Berhad
Ladang Sumundu (Sabah)
Sdn. Berhad
Gocoa Sdn. Bhd.
Golden Peak Development
Sdn. Bhd.
Golden Yield Sdn. Bhd.
Kalumpang Estates Sdn Berhad
Ladang Finari Sdn. Bhd.
Masawit Plantation Sdn. Bhd.
Parit Perak Plantations Sdn. Bhd.
Selit Plantations (Sabah)
Sdn. Bhd.
Sunshine Plantation Sdn. Bhd.
Sy Kho Trading Plantation
Sdn. Bhd.
Syarikat Swee Keong
(Sabah) Sdn. Bhd.
Pinji Horticulture Sdn. Bhd.
KL-Kepong (Sabah) Sdn. Bhd.
Fajar Palmkel Sdn. Berhad
GSSB COMPLEX
Golden Sphere Sdn. Bhd. †
Richinstock Sawmill Sdn. Bhd. †
Segar Usaha Sdn. Bhd. †
Axe Why Zed Sdn. Bhd. †
Bandar Merchants Sdn. Bhd. †
Syarikat Budibumi Sdn. Bhd. †
Sabah Cocoa Sdn. Bhd. †
Bornion Estate Sdn. Bhd. †
Susuki Sdn. Bhd. †
Sabah Holdings Corporation
Sdn. Bhd. †
Leluasa Untung Sdn. Bhd.
(Continued)
Principal
Country of
country of
incorporation operation
Group’s
percentage
interest
1999 1998
Principal activities
Malaysia
Malaysia
100
100
Plantation
Malaysia
Malaysia
100
100
Plantation
Malaysia
Malaysia
100
100
Plantation
Malaysia
Malaysia
Malaysia
Malaysia
100
100
100
100
Plantation
Plantation
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
100
100
100
100
100
100
100
100
100
100
100
100
Plantation
Plantation
Plantation
Plantation
Plantation
Plantation
Malaysia
Malaysia
Malaysia
Malaysia
100
100
100
100
Plantation
Plantation
Malaysia
Malaysia
100
100
Plantation
Malaysia
Malaysia
Malaysia
Malaysia
100
100
100
100
Malaysia
Malaysia
100
100
Cultivation of ramie
Milling and refining of
palm products
Kernel crushing
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
100
100
100
100
100
100
70
60
100
70
100
100
100
100
100
100
70
60
100
70
Plantation
Plantation
Plantation
Plantation
Plantation
Plantation
Plantation
Plantation
Investment holding
Investment holding
Malaysia
Malaysia
100
100
Dormant
Plantation
INDONESIA
P.T. ADEI Plantation and
Industry †
P.T. Steelindo Wahana Perkasa †
P.T. KLK Agriservindo †
Indonesia *
Indonesia
95
95
Indonesia *
Indonesia *
Indonesia
Indonesia
95
100
95
100
P.T. Kreasijaya Adhikarya †
Indonesia *
Indonesia
95
95
Plantation
Management of
plantations
Dormant
47
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Notes on the Accounts
(Continued)
Subsidiary companies
Principal
Country of
country of
incorporation operation
MANUFACTURING
OLEOCHEMICALS
Palm-Oleo Sdn. Bhd.
Malaysia
Malaysia
80
60
KSP Manufacturing Sdn. Bhd.
Malaysia
Malaysia
96
92
Palmamide Sdn. Bhd.
KL-Kepong Industrial Holdings
Sdn. Bhd.
Malaysia
Malaysia
Malaysia
Malaysia
88
100
51
100
Malaysia
Malaysia
100
65
Malaysia
Malaysia
100
100
Malaysia
Malaysia
100
100
PARQUET FLOORING
B.K.B. Hevea Products Sdn.
Bhd. †
Malaysia
Malaysia
100
-
B.K.B. Flooring Sdn. Bhd. †
Malaysia
Malaysia
100
-
England
England
100
100
England
England
England
England
England
England
England
England
England
England
100
100
100
100
100
100
100
100
100
Manufacturing of
toiletries
Dormant
Dormant
Dormant
Dormant
Dormant
England
England
England
England
100
100
100
100
Dormant
Dormant
People’s
Republic
of China
People’s
Republic
of China
Hong Kong
People’s
Republic
of China
People’s
Republic
of China
Malaysia
33
33
Edible oil refining
37
37
Bulking installation
55
55
Investment holding
COCOA PRODUCTS
KL-Kepong Cocoa Products
Sdn. Bhd.
GLOVE PRODUCTS
Masif Healthcare Products
Sdn. Bhd. †
Masif Latex Products Sdn. Bhd. †
SOAP
Standard Soap Company
Limited #
Allcock Products Limited #
Beauty Basics Limited #
De Muth Limited #
KLK Cosmetics Limited #
Personality Beauty Products
Limited #
Premier Soap Co. Limited #
Zenithpeak Limited #
OIL REFINING & BULKING
Hubei Zhong Chang
Vegetable Oil Co. Ltd. †
Tianjin Voray Bulking
Installation Co. Ltd. †
Voray Holdings Limited †
Group’s
percentage
interest
1999 1998
Principal activities
Manufacturing of
oleochemicals
Manufacturing of soap
noodles
Manufacturing of esters
Investment holding
Manufacturing of
cocoa products
Manufacturing of latex
examination gloves
Manufacturing of
household latex
gloves
Manufacturing of
parquet flooring
products
Marketing of parquet
flooring products
48
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Notes on the Accounts
Subsidiary companies
RETAILING
Crabtree & Evelyn Holdings
Limited #
Crabtree & Evelyn (Overseas)
Limited #
Crabtree & Evelyn Shop
Limited #
Crabtree & Evelyn Trading
Limited #
Windham Toiletries Limited #
Crabtree & Evelyn London
Limited #
Scarborough and Company
Limited #
Crabtree & Evelyn Austria
GmBH #
Crabtree & Evelyn Deutschland
GmBH #
Crabtree & Evelyn Espana
S.A. †
Crabtree & Evelyn Europe B.V. #
Crabtree & Evelyn Industrie
S.A. †
Crabtree & Evelyn London
S.A. †
Crabtree & Evelyn Ltd. #
Crabtree & Evelyn Canada,
Inc. #
Ecemex S.A. DE C.V. #
Crabtree & Evelyn Australia
Pty. Limited #
Crabtree & Evelyn (Hong Kong)
Limited †
CE Holdings Limited ††
Crabtree & Evelyn Philippines,
Inc. †
Crabtree & Evelyn (Singapore)
Pte. Ltd. †
Crabtree & Evelyn (Malaysia)
Sdn. Bhd.
(Continued)
Principal
Country of
country of
incorporation operation
Group’s
percentage
interest
1999 1998
Principal activities
England
England
100
100
Investment holding
England
England
100
100
Distribution of toiletries
England
England
100
100
Manufacturing of jams
England
England
100
100
England
England
England
England
100
100
100
100
Manufacturing of
toiletries
Distribution of toiletries
Dormant
England
England
100
100
Dormant
Austria
Austria
100
100
Retailing of toiletries
Germany
Germany
100
100
Spain
Spain
100
100
Retailing and distribution
of toiletries
Distribution of toiletries
Netherlands
France
Netherlands
France
100
100
100
100
France
France
100
100
United
States of
America
Canada
United
States of
America
Canada
100
100
80
80
Mexico
Mexico
51
51
Australia
Australia
100
100
Hong Kong
Hong Kong
100
-
British Virgin
Islands
Philippines
British Virgin
Islands
Philippines
100
100
70
-
Singapore
Singapore
100
-
Malaysia
Malaysia
100
100
Investment holding
Retailing, distribution
and manufacturing
of toiletries
Retailing of toiletries
Retailing, distribution
and manufacturing
of toiletries
Retailing and distribution
of toiletries
Retailing and distribution
of toiletries
Distribution of toiletries
Retailing and distribution
of toiletries
Investment holding
Retailing and distribution
of toiletries
Retailing and distribution
of toiletries
Retailing of toiletries
49
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Notes on the Accounts
Subsidiary companies
PROPERTIES
Betatechnic Sdn. Bhd.
Colville Holdings Sdn. Bhd.
KL-K Holiday Bungalows Sdn.
Berhad
KL-Kepong Complex Sdn. Bhd.
KL-Kepong Country Homes
Sdn. Bhd.
KL-Kepong Property
Development Sdn. Bhd.
KL-Kepong Property
Management Sdn. Bhd.
KL-Kepong Property
Holdings Sdn. Bhd.
Kompleks Tanjong Malim
Sdn. Bhd.
Palermo Corporation Sdn. Bhd.
(Continued)
Principal
Country of
country of
incorporation operation
Group’s
percentage
interest
1999 1998
Principal activities
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
100
100
100
100
100
100
Malaysia
Malaysia
Malaysia
Malaysia
100
100
100
100
Property development
Property development
Operating holiday
bungalows
Property development
Property development
Malaysia
Malaysia
100
100
Property development
Malaysia
Malaysia
100
100
Property management
Malaysia
Malaysia
100
100
Investment holding
Malaysia
Malaysia
80
80
Property development
Malaysia
Malaysia
100
100
Property development
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
100
100
100
100
100
100
Investment holding
Investment holding
Investment holding
Malaysia
Malaysia
British Virgin
Islands
Cayman
Islands
England
England
Malaysia
Malaysia
British Virgin
Islands
Cayman
Islands
England
Malaysia
100
100
100
100
100
100
Money lending
Investment holding
Investment holding
100
100
Investment holding
100
100
100
100
Investment holding
Investment holding
England
England
100
100
Investment holding
OTHERS
Kepong Plantations Berhad †
Malaysia
Malaysia
100
100
KLK Farms Pty. Limited #
Australia
Australia
100
100
Rubber Fibreboards Sdn. Bhd.
Malaysia
Malaysia
100
100
In members’ voluntary
liquidation
Cereal and sheep
farming
Dormant
INVESTMENT HOLDING
Ablington Holdings Sdn. Bhd.
Jasachem Sdn. Bhd.
KL-Kepong Equity Holdings
Sdn. Bhd.
Ortona Enterprise Sdn. Bhd.
Quarry Lane Sdn. Bhd.
KLK Overseas Investments
Limited ††
KL-Kepong International Ltd. ††
KLKI Holdings Limited #
Kuala Lumpur-Kepong
Investments Limited #
Quillspur Limited #
† Companies not audited by KPMG
# Companies audited by overseas firms of KPMG
†† Companies reviewed by KPMG
* These subsidiaries operate in Indonesia, a country which has sought assistance from the International
Monetary Fund. Owing to the locality of the operations, these companies are not affected by the current
economic conditions in Indonesia. It is the Group’s policy to provide financial support to ensure that the
plantation development is carried out as planned.
50
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Notes on the Accounts
Associated companies
Applied Agricultural
Research Sdn. Bhd.
Beijing King Voray Edible Oil
Co. Ltd.
Clarity Crest Sdn. Bhd.
Esterol Sdn. Bhd.
Key Century Sdn. Bhd.
Kumpulan Sierramas (M)
Sdn. Bhd.
Lembah Beringin Sdn. Bhd.
Malaysia Pakistan
Venture Sdn. Bhd.
Pearl River Tyre (Holdings)
Limited
Tawau Bulking Installation
Sdn. Bhd.
Yule Catto & Co. plc
27.
(Continued)
Country of
incorporation
Group’s
percentage
interest
1999
1998
Principal activities
Malaysia
50.0
50.0
Agronomic service and
research
Edible oil refining
People’s
Republic
of China
Malaysia
Malaysia
13.8
30.3
30.0
50.0
30.0
50.0
Malaysia
Malaysia
30.0
33.0
30.0
33.0
Property investment
Manufacturing of food
esters
Investment holding
Property development
Malaysia
Malaysia
30.0
25.0
30.0
25.0
Property development
Investment holding
Australia
30.5
30.5
Malaysia
49.0
49.0
Investment holding and
manufacturing of tyres
Bulking installation
England
20.4
20.3
Chemical and building
products
SEGMENT INFORMATION - GROUP
Analysis by industry
Turnover
1999
1998
RM’000
RM’000
Plantation
Manufacturing
Retailing
Investment holding
Others
Exceptional items
Associated companies
Corporate expenses
TOTAL
1,031,837
845,543
490,983
27,999
7,893
––––––––––
2,404,255
––––––––––
2,404,255
––––––––––
––––––––––
Profit/(Loss)
before Tax
1999
1998
RM’000
RM’000
Total Assets
Employed
1999
1998
RM’000
RM’000
1,062,952
299,866
285,906
2,085,072
1,911,043
712,820
28,219
(13,226)
545,998
605,449
508,880
(32,330)
(17,733)
369,031
354,951
41,579
27,999
41,579
144,386
126,375
8,494
161
(1,165)
61,899
99,119
–––––––––– –––––––––– –––––––––– –––––––––– ––––––––––
2,334,725
323,915
295,361
3,206,386
3,096,937
2,986
5,838
78,691
73,310
580,574
573,287
(6,266)
(6,566)
–––––––––– –––––––––– –––––––––– –––––––––– ––––––––––
2,334,725
399,326
367,943
3,786,960
3,670,224
–––––––––– ––––––––––
–––––––––– ––––––––––
–––––––––– ––––––––––
––––––––––
––––––––––
–––––––––– ––––––––––
51
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Notes on the Accounts
(Continued)
Analysis by geographical location
Turnover
1999
1998
RM’000
RM’000
Malaysia
Australia
People’s Republic
of China
Europe and America
Indonesia
Others
Exceptional items
Associated companies
TOTAL
28.
1,535,578
5,070
241,440
615,636
4,937
1,594
––––––––––
2,404,255
––––––––––
2,404,255
––––––––––
––––––––––
1,440,319
5,263
Profit/(Loss)
before Tax
1999
1998
RM’000
RM’000
345,765
685
299,783
(22)
Total Assets
Employed
1999
1998
RM’000
RM’000
2,357,975
21,034
2,274,459
18,710
258,419
6,620
(14,806)
112,240
172,427
627,390
(28,900)
4,798
512,159
511,706
3,334
(6,173)
(958)
199,513
119,635
(348)
3,465
–––––––––– –––––––––– –––––––––– –––––––––– ––––––––––
2,334,725
317,649
288,795
3,206,386
3,096,937
2,986
5,838
78,691
73,310
580,574
573,287
–––––––––– –––––––––– –––––––––– –––––––––– ––––––––––
2,334,725
399,326
367,943
3,786,960
3,670,224
–––––––––– ––––––––––
–––––––––– ––––––––––
–––––––––– ––––––––––
––––––––––
––––––––––
–––––––––– ––––––––––
COMPARATIVE FIGURES
GROUP AND COMPANY
Certain comparative figures have been reclassified to conform with current year’s presentation.
52
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Directors’ Statement and Statutory Declaration
Directors’ Statement
We, Dato’ Lee Oi Hian and Yeoh Chin Hin, two of the Directors of Kuala Lumpur Kepong Berhad do hereby state
that, in our opinion, the accounts set out on pages 26 to 52 are drawn up so as to give a true and fair view
respectively of the state of affairs of the Group and of the Company at 30th September, 1999 and of the results of
the business of the Group and of the Company and of the cash flows of the Group for the financial year ended on
that date and have been made out in accordance with the applicable approved accounting standards in Malaysia.
On Behalf of the Board
DATO’ LEE OI HIAN
(Executive Chairman)
YEOH CHIN HIN
(Director)
Ipoh, Perak Darul Ridzuan,
Malaysia.
3rd January, 2000.
Statutory Declaration
I, Fan Chee Kum, being the officer primarily responsible for the financial management of Kuala Lumpur Kepong
Berhad, do solemnly and sincerely declare that the accounts set out on pages 26 to 52 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 Ipoh in the
State of Perak Darul Ridzuan this
3rd day of January, 2000.
FAN CHEE KUM
Before me:-
S. JAGJIT SINGH
Commissioner for Oaths
Ipoh, Perak Darul Ridzuan,
Malaysia.
53
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Report of the Auditors
to the members of Kuala Lumpur Kepong Berhad.
We have audited the accounts set out on pages 26 to 52. The preparation of the accounts is the
responsibility of the Company’s Directors. Our responsibility is to express an opinion on the accounts based
on our audit.
We conducted our audit in accordance with approved Standards on Auditing in Malaysia. These standards
require that we plan and perform the audit to obtain all the information and explanations which we consider
necessary to provide us with evidence to give reasonable assurance that the accounts are free of material
misstatement. An audit includes examining, on a test basis, evidence relevant to the amounts and
disclosures in the accounts. An audit also includes an 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 accounts. We believe our audit provides a reasonable basis for our opinion.
In our opinion:(a)
the accounts 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:
i)
the state of affairs of the Group and of the Company at 30th September, 1999 and the
results of their operations and the cash flows of the Group for the year ended on that
date; and
ii)
the matters required by Section 169 of the Companies Act, 1965 to be dealt with in the
accounts of the Group and of the Company;
and
(b)
the accounting and other records and the registers required by the Companies Act, 1965 to be kept
by the Company and its subsidiaries, of which we have acted as auditors, have been properly kept
in accordance with the provisions of the said Act.
We have considered the accounts and the auditors’ reports of all the subsidiaries of which we have not
acted as auditors, and which are indicated in Note 26 on the accounts.
We are satisfied that the accounts of the subsidiaries that have been consolidated with the Company’s
accounts are in form and content appropriate and proper for the purposes of the preparation of the
consolidated accounts and we have received satisfactory information and explanations required by us for
those purposes.
The auditors’ reports on the accounts of the subsidiaries were not subject to any qualifications or any
adverse comment made under sub-section (3) of Section 174 of the Act.
KPMG
FIRM NUMBER: AF-0758
Public Accountants
PETER HO KOK WAI
PARTNER
APPROVAL NUMBER: 1745/12/01 (J)
Ipoh, Perak Darul Ridzuan,
Malaysia.
3rd January, 2000.
54
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Area Statement
at 30th September
1999
OIL PALM
Mature
Immature
Total
RUBBER
Mature
Immature
Total
COCOA
Mature
Immature
Total
Hectares
%
Under
Crop
62,377
39,586
––––––––
101,963
––––––––
61
39
––––
100
––––
18,173
6,820
––––––––
24,993
––––––––
1,964
––––––––
1,964
––––––––
TOTAL PLANTED
128,920
Plantable Reserves
Building Sites, etc.
10,810
6,237
––––––––
145,967
––––––––
––––––––
GRAND TOTAL
1998
% Of
Total
Planted
Area
Hectares
%
Under
Crop
% Of
Total
Planted
Area
48
31
––––
79
––––
57,037
40,911
––––––––
97,948
––––––––
58
42
––––
100
––––
45
32
––––
77
––––
73
27
––––
100
––––
14
5
––––
19
––––
20,055
6,791
––––––––
26,846
––––––––
75
25
––––
100
––––
16
5
––––
21
––––
100
––––
100
––––
2
––––
2
––––
2,421
––––––––
2,421
––––––––
100
––––
100
––––
2
––––
2
––––
100
127,215
100
13,133
5,661
––––––––
146,009
––––––––
––––––––
55
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Five Year Plantation Statistics
1999
1998
1997
1996
1995
1,271,165
64,055
577,732
1,784,842
21.21
5,154
1,128,694
67,988
551,042
1,611,748
20.28
5,753
1,228,407
77,024
535,732
1,687,115
22.62
3,190
1,132,956
85,722
470,387
1,517,621
22.62
3,428
1,096,522
81,280
425,671
1,440,913
22.93
4,518
1,928
1,711
2,490
168
1,086
281
2,054
1,847
2,064
125
1,013
407
1,286
1,216
1,627
175
748
236
1,321
1,249
1,623
234
806
228
1,515
1,436
1,513
174
744
284
(‘000 kgs)
(‘000 kgs)
(‘000 kgs)
(‘000 kgs)
(kgs)
(RM)
26,900
1,891
2,047
27,056
1,585
389
25,301
986
2,224
26,539
1,446
1,178
29,283
2,715
3,343
29,911
1,569
1,531
30,612
1,530
3,419
32,501
1,613
2,742
31,920
2,061
2,516
32,375
1,627
2,948
(sen/kg)
273
337
344
394
396
(‘000 kgs)
(kgs)
(RM)
2,230
982
1,641
2,092
507
403
5,578
873
614
4,575
745
(183)
4,961
789
(11)
(RM/kg)
4.87
5.00
3.54
3.19
3.19
PLANTED AREA (weighted average hectares):OIL PALM
Mature
Immature
59,943
41,524
55,669
41,135
54,311
30,844
50,086
26,017
47,814
18,587
RUBBER
Mature
Immature
16,972
8,224
17,498
9,392
18,668
9,998
18,976
8,396
19,615
7,344
COCOA
Mature
Immature
2,272
-
4,125
-
6,386
-
6,139
-
6,288
-
128,935
127,819
120,207
109,614
99,648
OIL PALM
FFB Production
- own estates
(tonnes)
- sold
(tonnes)
- purchased
(tonnes)
- total processed
(tonnes)
Yield per mature hectare
(tonnes FFB)
Profit per mature hectare
(RM)
(before replanting expenditure)
Average selling prices:Refined palm products (RM per tonne ex-refinery)
Crude palm oil
(RM per tonne ex-mill)
Palm kernel oil
(RM per tonne ex-mill)
Palm kernel cake
(RM per tonne ex-mill)
Palm kernels
(RM per tonne ex-mill)
FFB
(RM per tonne)
RUBBER
Production
- own estates
- sold
- purchased
- total processed
Yield per mature hectare
Profit per mature hectare
(before replanting expenditure)
Average selling price
(net of cess)
COCOA
Production
- own estates
Yield per mature hectare
Profit/(Loss) per mature hectare
(before replanting expenditure)
Average selling price
TOTAL PLANTED AREA
56
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Five Year Financial Statistics
TURNOVER
Palm Products
Rubber
Cocoa Beans
Manufacturing
Retailing
Investment income
Other income
GROUP PROFIT
Palm Products
Rubber
Cocoa
Manufacturing
Retailing
Others
Share of Profits of Associated Companies
Investment income
Exceptional items
Corporate expenses less other income
Profit before taxation
Taxation
Minority Shareholders’ Interest
Retained Profits brought forward
Cancellation of shares bought back
APPROPRIATIONS
Dividends (net of tax)
Transferred to Reserves
Share of associated company’s:Goodwill written off
Exchange adjustment
RETAINED PROFIT
CAPITAL EMPLOYED
Fixed Assets
Property Development
Interest in Associated Companies
Investments
Intangible Assets
Goodwill on Consolidation
Net Current Assets
Total Assets Employed
SOURCES OF FINANCE
Share Capital
Reserves
Cost of Treasury Shares
Deferred Taxation
Provision for Retirement Benefits
Minority Shareholders’ Interest
Term Loans
Finance Leases
Total
SHAREHOLDERS’ EARNINGS AND DIVIDENDS
Earnings per share - sen
Dividend rate
Dividend yield at 30th September
P/E ratio at 30th September
1999
RM’000
1998
RM’000
1997
RM’000
1996
RM’000
1995
RM’000
950,015
966,613
675,009
628,420
664,520
78,689
93,198
109,977
142,649
131,286
3,133
3,141
3,252
3,363
2,817
845,543
712,820
482,211
286,295
147,301
490,983
508,880
372,454
67,822
27,999
41,579
39,745
53,480
10,973
7,893
8,494
8,249
7,188
4,669
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
2,404,255
2,334,725
1,690,897
1,189,217
961,566
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
297,638
272,737
171,567
168,272
201,292
(1,500)
11,505
24,404
44,029
41,065
3,728
1,664
3,923
(1,125)
(195)
28,219
(13,226)
(16,730)
(8,822)
4,643
(32,330)
(17,733)
(9,721)
(1,208)
161
(1,165)
(269)
720
836
78,691
73,310
63,479
53,403
43,893
27,999
41,579
39,745
53,480
10,973
2,986
5,838
22,097
369,870
361,829
(6,266)
(6,566)
(5,071)
(7,527)
(8,004)
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
399,326
367,943
293,424
671,092
656,332
(20,690)
(109,808)
(88,113)
(92,000)
(83,206)
(8,230)
15,829
16,388
4,916
(2,741)
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
370,406
273,964
221,699
584,008
570,385
830,305
712,816
615,038
471,578
352,025
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
1,200,711
986,780
836,737
1,055,586
922,410
(1,284)
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
1,199,427
986,780
836,737
1,055,586
922,410
102,266
128,265
76,270
74,844
83,160
11,704
22,512
20,615
366,681
362,486
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
1,085,457
836,003
739,852
614,061
476,764
(233)
(20,574)
(685)
(13,304)
5,446
(5,465)
(6,462)
1,662
8,118
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
1,090,903
830,305
712,816
615,038
471,578
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
1,954,493
1,894,870
1,893,459
1,725,974
1,428,771
66,010
65,391
65,384
59,338
14,340
580,574
573,287
257,898
235,042
209,824
61,310
42,660
102,600
64,265
31,858
23,347
24,331
19,159
14,543
14,929
640,174
488,750
446,665
477,762
348,867
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
3,340,837
3,089,289
2,785,165
2,576,924
2,033,660
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
712,516
712,801
712,801
712,801
475,201
2,518,245
2,243,088
1,937,889
1,735,728
1,458,476
(12,382)
9,318
7,391
6,727
7,516
6,348
9,515
8,735
8,325
8,001
7,775
92,092
100,537
106,562
101,683
81,742
4,109
7,406
4,229
3,392
4,118
7,424
9,331
8,632
7,803
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
3,340,837
3,089,289
2,785,165
2,576,924
2,033,660
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
52.1
20.0%
4.3%
8.8
38.4
25.0%
5.9%
11.1
31.1
15.0%
1.9%
25.7
81.9
15.0%
2.3%
7.9
80.0
25.0%
3.2%
6.5
57
OIL PALM PLANTED AREA / FFB PRODUCTION
(’000 Hectares)
(’000 Tonnes)
120
1300
110
1250
100
1200
90
1150
80
1100
70
1050
60
1000
50
950
40
900
30
850
20
800
10
750
0
700
1995
1996
1997
1998
Mature Area in ’000 Hectares
1999
Production in ’000 Tonnes
Immature Area in ’000 Hectares
RUBBER PLANTED AREA / PRODUCTION
(’000 Hectares)
(Million Kilos)
40
40
35
35
30
25
30
20
15
25
10
5
0
20
1995
1996
Mature Area in ’000 Hectares
Immature Area in ’000 Hectares
1997
1998
1999
Production in Million Kilos
EARNINGS PER SHARE
(Sen)
100
90
80
70
60
50
40
30
20
10
0
1995
1996
1997
1998
1999
NET TANGIBLE ASSET PER SHARE
(RM)
6
5
4
3
2
1
0
1995
1996
1997
1998
1999
SHAREHOLDERS’ FUNDS
(RM Million)
3400
3200
3000
2800
2600
2400
2200
2000
1800
1600
1400
1995
1996
1997
1998
1999
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Properties of the Group
at 30th September, 1999
PLANTATIONS
LOCATION
TENURE
TITLED
HECTAREAGE
DESCRIPTION
NET BOOK
VALUE
RM’000
PENINSULAR MALAYSIA
Ladang Allagar,
Trong, Perak.
Freehold
805
Rubber and oil palm estate
12,564
Ladang Ayer Hitam,
Bahau, Negeri Sembilan.
Freehold
2,640
Rubber and oil palm estate
38,710
Ladang Ban Heng,
Pagoh, Muar, Johor.
Freehold
631
Ladang Batang Jelai,
Rompin, Negeri Sembilan.
Freehold
2,170
Rubber and oil palm estate
32,984
Ladang Batu Lintang,
Serdang, Kedah.
Freehold
1,470
Rubber and oil palm estate
18,674
Ladang Buntar,
Serdang, Kedah.
Freehold
547
Rubber and oil palm estate
13,724
Ladang Changkat Asa,
Tanjong Malim, Perak.
Freehold
1,913
Rubber and oil palm estate
19,019
Ladang Fraser,
Kulai, Johor.
Freehold
2,970
Oil palm estate
33,620
Ladang Ghim Khoon,
Serdang, Kedah.
Freehold
950
Rubber and oil palm estate
24,555
Ladang Glenealy,
Parit, Perak.
Freehold
1,085
Rubber and oil palm estate
15,124
Ladang Gunong Pertanian,
Simpang Durian,
Negeri Sembilan.
Leasehold expiring
in 2077
Oil palm estate
10,606
Ladang Jeram Padang,
Bahau, Negeri Sembilan.
Freehold
2,124
Rubber and oil palm estate
30,404
Ladang Kekayaan,
Paloh, Johor.
Leasehold expiring
in 2068
2,818
Oil palm estate
34,246
Ladang Kemasul,
Mengkarak, Pahang.
Freehold
459
Rubber estate
1,026
Ladang Kerilla,
Tanah Merah, Kelantan.
Freehold
2,193
Ladang Kerling,
Kerling, Selangor.
Freehold
297
Ladang Kombok,
Rantau, Negeri Sembilan.
Freehold
1,916
Rubber and oil palm estate
32,091
Ladang Kuala Gris,
Kuala Krai, Kelantan.
Freehold
2,429
Rubber, oil palm and cocoa
estate
29,806
Ladang Kuala Hau,
Kuala Krai, Kelantan.
Freehold
Leasehold expiring
in 2326
305
242
Rubber estate
3,083
Ladang Kuala Kangsar,
Padang Rengas, Perak.
Freehold
Leasehold expiring
in 2896
511
337
Rubber estate
5,977
Ladang Landak,
Paloh, Johor.
Leasehold expiring
in 2068
2,833
Oil palm estate
27,357
686
Oil palm estate
Rubber and oil palm estate
Oil palm estate
8,031
27,732
3,078
60
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Properties of the Group
at 30th September, 1999
(Continued)
LOCATION
TENURE
Ladang New Pogoh,
Segamat, Johor.
Freehold
1,560
Rubber and oil palm estate
14,111
Ladang Paloh,
Paloh, Johor.
Freehold
2,043
Oil palm estate
28,651
Ladang Pasir Gajah,
Kuala Krai, Kelantan.
Freehold
Leasehold expiring
in 2907
961
1,155
Rubber and oil palm estate
22,187
Ladang Pelam,
Kulim, Kedah.
Freehold
2,526
Rubber and oil palm estate
39,731
Ladang Renjok,
Bentong, Pahang.
Freehold
1,479
Rubber and oil palm estate
15,875
Ladang See Sun,
Renggam, Johor.
Freehold
589
Ladang Selborne,
Padang Tengku, Kuala Lipis,
Pahang.
Freehold
1,282
Ladang Serapoh,
Parit, Perak.
Freehold
938
Rubber and oil palm estate
9,145
Ladang Subur,
Batu Kurau, Perak.
Freehold
1,290
Rubber and oil palm estate
15,055
Ladang Sungei Bekok,
Bekok, Johor.
Freehold
636
Ladang Sungei Kawang,
Lanchang, Pahang.
Freehold
1,890
Ladang Sungei Penggeli,
Bandar Tenggara, Johor.
Leasehold expiring
in 2087
Ladang Sungei Sokor,
Tanah Merah, Kelantan.
Freehold
1,603
Rubber and oil palm estate
17,579
Ladang Sungei Tamok,
Paloh, Johor.
Leasehold expiring
in 2078
1,619
Oil palm estate
16,126
Ladang Tertinggi,
Paloh, Johor.
Leasehold expiring
in 2078
1,619
Oil palm estate
19,844
Ladang Tuan,
Bentong, Pahang.
Freehold
Leasehold expiring
between
2030 and 2057
1,011
443
Rubber, oil palm and cocoa
estate
10,633
Ladang Tuan Mee,
Sungei Buloh, Selangor.
Freehold
1,715
Oil palm estate
17,604
Ladang Ulu Pedas,
Pedas, Negeri Sembilan.
Freehold
938
Rubber and oil palm estate
18,065
Ladang Voules,
Segamat, Johor.
Freehold
2,977
Rubber and oil palm estate
25,388
Oil palm estate
33,482
TITLED
HECTAREAGE
959
DESCRIPTION
Oil palm estate
Rubber and cocoa estate
Oil palm estate
Rubber and oil palm estate
Oil palm estate
NET BOOK
VALUE
RM’000
9,735
16,722
7,849
15,739
9,583
––––––––
61,564
––––––––
EAST MALAYSIA
Ladang Bornion,
Kinabatangan, Sabah.
Leasehold expiring
in 2078
3,233
61
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Properties of the Group
at 30th September, 1999
(Continued)
LOCATION
TENURE
Ladang Bukit Tabin,
Lahad Datu, Sabah.
Leasehold expiring
in 2079
Ladang Jatika,
Tawau, Sabah.
TITLED
HECTAREAGE
DESCRIPTION
NET BOOK
VALUE
RM’000
2,944
Oil palm estate
32,714
Leasehold expiring
between
2068 and 2083
3,018
Oil palm estate
39,180
Ladang Lungmanis,
Lahad Datu, Sabah.
Leasehold expiring
in 2085
1,666
Oil palm estate
13,638
Ladang Pang Burong,
Tawau, Sabah.
Leasehold expiring
between
2063 and 2080
1,778
Oil palm and cocoa estate
25,386
Ladang Pangeran,
Tawau, Sabah.
Leasehold expiring
between
2063 and 2080
2,783
Oil palm estate
34,868
Ladang Pinang,
Tawau, Sabah.
Leasehold expiring
between
2067 and 2085
2,531
Oil palm estate
32,292
Ladang Rich Hill,
Kunak, Sabah.
Leasehold expiring
between
2069 and 2083
497
Oil palm and cocoa estate
7,669
Ladang Ringlet,
Tawau, Sabah.
Leasehold expiring
between
2067 and 2077
985
Oil palm and cocoa estate
9,099
Ladang Rimmer,
Lahad Datu, Sabah.
Leasehold expiring
in 2085
2,720
Oil palm estate
22,261
Ladang Segar Usaha,
Kinabatangan, Sabah.
Leasehold expiring
in 2077
2,792
Oil palm estate
31,257
Ladang Sigalong,
Tawau, Sabah.
Leasehold expiring
between
2063 and 2079
2,831
Oil palm and cocoa estate
31,115
Ladang Sri Kunak,
Tawau, Sabah.
Leasehold expiring
between
2063 and 2076
2,770
Oil palm and cocoa estate
39,178
Ladang Sg. Silabukan,
Lahad Datu, Sabah.
Leasehold expiring
in 2079
2,626
Oil palm estate
29,186
Ladang Sg. Sing Sing,
Semporna, Sabah.
Leasehold expiring
between
2070 and 2080
858
Oil palm and cocoa estate
6,575
Ladang Sumundu,
Tawau, Sabah.
Leasehold expiring
between
2065 and 2071
783
Oil palm and cocoa estate
13,441
Ladang Tundong,
Tawau, Sabah.
Leasehold expiring
between
2063 and 2073
2,101
Oil palm estate
27,383
Ladang Tungku,
Lahad Datu, Sabah.
Leasehold expiring
in 2085
3,418
Oil palm estate
27,978
––––––––
40,334
––––––––
62
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Properties of the Group
at 30th September, 1999
LOCATION
(Continued)
TENURE
TITLED
HECTAREAGE
DESCRIPTION
APPROXIMATE
NET
AGE OF
BOOK
BUILDINGS
VALUE
Years
RM’000
INDONESIA
Kebun Belitung,
Belitung, Indonesia.
Leasehold expiring
in 2020
14,065
Oil palm estate
-
60,028
Kebun Mandau,
Riau, Indonesia.
Leasehold expiring
in 2020
14,900
Rubber and oil
palm estate
-
48,726
Kebun Nilo,
Riau, Indonesia.
Leasehold expiring
in 2028
12,860
Oil palm estate
-
12,927
––––––––
41,825
––––––––
OTHER OPERATIONS
MALAYSIA
B.K.B. Hevea Products,
Ipoh, Perak.
Leasehold expiring
in 2089
5
Parquet factory
5
8,719
KL-Kepong Cocoa Products,
Port Klang, Selangor.
Leasehold expiring
in 2090
2
Cocoa products
factory
7
8,573
KL-Kepong Edible Oils,
Pasir Gudang, Johor.
Leasehold expiring
in 2045
5
Palm oil refinery
16
1,448
KL-Kepong (Sabah),
Tawau, Sabah.
Leasehold expiring
in 2073
61
Refinery, palm oil
mills and kernel
crushing plant
12 to 16
3,481
KSP Manufacturing,
Rawang, Selangor.
Freehold
4
Soap noodles
factory
3
5,045
Masif Healthcare Products,
Lahat, Perak.
Freehold
4
Rubber gloves
factory
10
4,273
Palmamide,
Rawang, Selangor.
Freehold
3
Esters factory
3
4,373
Palm-Oleo,
Rawang, Selangor.
Freehold
8
Oleochemicals
factory
8
7,255
––––––––
92
––––––––
Colville Holdings,
Setul, Negeri Sembilan.
Freehold
428
Property
development
-
9,950
KL-Kepong Complex,
Sungei Buloh, Selangor.
Freehold
16
Property
development
-
3,315
KL-Kepong Country Homes,
Ijok, Selangor.
Freehold
Leasehold expiring
in 2082
1,089
9
Property
development
-
26,137
Freehold
93
Property
development
-
3,430
Kompleks Tanjong Malim,
Tanjong Malim, Perak.
Freehold
185
Property
development
-
3,866
Palermo Corporation,
Bagan Samak, Kedah.
Freehold
353
Property
development
-
11,961
KL-Kepong Property
Development,
Ijok, Selangor.
––––––––
2,173
––––––––
63
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Properties of the Group
at 30th September, 1999
(Continued)
LOCATION
TENURE
Annex & Brunwells,
Port Dickson, Negeri Sembilan.
Freehold
Bunge & Arundel,
Frasers Hill, Pahang.
TITLED
AREA *
DESCRIPTION
APPROXIMATE
NET
AGE OF
BOOK
BUILDINGS
VALUE
Years
RM’000
13,339 sq.m.
Holiday
bungalows
51
40
Leasehold expiring
between
2021 and 2030
8,981 sq.m.
Holiday
bungalows
50
119
Wisma Taiko,
1, Jalan S.P. Seenivasagam,
Ipoh, Perak.
Freehold
2,984 sq.m.
Head Office
building
14
6,644
3, Jalan Taman U Thant,
Kuala Lumpur.
Freehold
2,092 sq.m.
Residential
bungalow
37
1
5B, Jalan Tun Dr. Ismail,
Ipoh, Perak.
Freehold
3,123 sq.m.
Residential
bungalow
33
1
10, Jalan Golf Club,
Ipoh, Perak.
Freehold
9,990 sq.m.
Residential
bungalow
70
38
146, Jalan Dedap Batik,
Sierramas, Sg. Buloh, Selangor.
Freehold
556 sq.m.
Residential
bungalow
2
707
A33, Lembah Beringin
Homestead, Selangor.
Freehold
4,317 sq.m.
Bungalow lot
-
284
Tinagat,
Tawau, Sabah.
Leasehold expiring
between
2921 and 2930
2
Tawau Office
6
1,137
New Wharf Road,
Lahad Datu, Sabah.
Leasehold expiring
in 2066
3
Vacant land
-
3,434
––––––––
10
––––––––
AUSTRALIA
Erregulla Farm,
Mingenew, Western Australia.
Freehold
5,290
Sheep and
cereal farm
-
3,083
Warrening Gully Farm,
Williams, Western Australia.
Freehold
3,089
Sheep and
cereal farm
-
5,335
Torradup Farm,
Munglinup, Western Australia.
Freehold
4,926
Sheep and
cattle farm
-
4,970
––––––––
13,305
––––––––
PEOPLE’S REPUBLIC OF CHINA
Nanjiang Port Area,
Tianjin.
Leasehold expiring
in 2045
2
Bulking
installation
3
12,088
Dingong Miao,
Baisha Zhou,
Wuchang, Wuhan.
Leasehold expiring
in 2044
3
Refinery
4
16,042
––––––––
5
––––––––
* Titled area is in hectares except otherwise indicated.
64
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Properties of the Group
at 30th September, 1999
LOCATION
(Continued)
TENURE
TITLED
AREA *
DESCRIPTION
APPROXIMATE
NET
AGE OF
BOOK
BUILDINGS
VALUE
Years
RM’000
UNITED KINGDOM
6, Lovat Lane,
London.
Freehold
95 sq.m.
Office building
149
3,903
55-57, South Edwardes Square,
London.
Freehold
391 sq.m.
Office building
96
3,322
Gerrard Place,
Skelmersdale, Lancashire.
Freehold
2
Toiletries factory
26
3,340
Pontyclun,
Wales.
Freehold
2
Toiletries factory
36
10,727
Standard Soap,
Ashby-de-la Zouch,
Leicestershire.
Freehold
2
Soap factory
34
10,023
–––––––––
6
–––––––––
UNITED STATES
Woodstock,
Connecticut.
Freehold
16
–––––––––
Office and
toiletries factory
16
20,481
Freehold
2
–––––––––
Office and
warehouse
14
1,155
Freehold
1
–––––––––
Toiletries factory
7
7,718
CANADA
London Ontario,
Canada.
FRANCE
Vieux Thann,
France.
Group Total
159,333
–––––––––
–––––––––
* Titled area is in hectares except otherwise indicated.
65
Location of the Plantations in Malaysia
at 30th September, 1999
Perlis
Kedah
42
4
36
3
2
SABAH
42
40
1
39
Lahad Datu
38
9
Penang
5
Perak
41
37
Kelantan
7
8
6
Tawau
Trengganu
Ipoh
33
Straits of
Malacca
South
China Sea
Pahang
10
11
34
12
Selangor
32
Kuala
Lumpur 15 13
16
Negeri
Sembilan
31
35
14
17
23
30
18
Malacca
19
PAHANG
Johore
26
24
21 22 28
29
25
27
20
MALAYSIA
KEDAH
Batu Lintang ▲ ■
2
SELANGOR
1,470
10
Changkat Asa ▲
Buntar
547
11
Kerling
3
Ghim Khoon
950
12
Tuan Mee ▲
4
Pelam
JOHORE
35
Tuan
1,454
37
Kuala Gris
2,429
2,970
38
Kuala Hau
547
21
Kekayaan
2,818
39
Pasir Gajah ▲ ■
2,116
NEGERI SEMBILAN
22
Landak ▲
2,833
40
Sungei Sokor
1,603
13
Ayer Hitam
2,640
23
New Pogoh
1,560
2,170
20
24
Paloh ▲
2,043
Gunong Pertanian
686
25
See Sun
589
Kuala Kangsar
848
16
Jeram Padang ▲ ■ 2,124
26
Sungei Bekok
636
Serapoh
938
17
Kombok
1,916
27
Sungei Penggeli
959
1,290
18
Ulu Pedas
938
28
Sungei Tamok
1,619
29
Tertinggi
1,619
30
Voules
2,977
Subur
1,890
Fraser ▲
1,715
Batang Jelai ●
9
1,282
Sungei Kawang
2,193
15
8
Selborne ■ ◆
34
Kerilla ■
Ban Heng
14
7
33
36
19
805
Glenealy
1,479
631
297
1,085
Allagar
459
Renjok ■
KELANTAN
1,913
2,526
PERAK
6
Kemasul
32
Hectares
1
5
31
Location of the Group’s Overseas
Agricultural Operations
AUSTRALIA
46
Perth
47
48
44
I
45
N
D
O
N
E
S
I
A
Pekanbaru
Belitung
SUMATRA
Jakarta
Tanjung 43
Pandan
SABAH
Bukit Tabin
2,944
41
KDC COMPLEX
Lungmanis
1,666
Jatika
3,018
Rimmer ▲
2,720
Pang Burong
1,778
Sg Silabukan
2,626
43
Kebun Belitung ▲
14,065
Pangeran
2,783
Tungku
3,418
44
Kebun Mandau
14,900
Pinang ◆
2,531
45
Kebun Nilo
12,860
Rich Hill
497
Ringlet
985
▲
With Palm Oil Mill
Sigalong
2,831
■
With SMR Factory
46
Erregulla Farm
Sri Kunak
2,770
●
With Concentrate Latex Factory
47
Warrening Gully Farm 3,089
With SMR and Concentrate
48
Torradup Farm
Sumundu
783
Sungei Sing Sing
858
Latex Factory
◆
With Cocoa Factory
GSSB COMPLEX
★
With Kernel Crushing Plant
Bornion ▲
3,233
✵
With Refinery
Segar Usaha
2,792
Tundong ✵ ▲ ★
42
INDONESIA
2,162
AUSTRALIA
5,290
4,926
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Shareholding Statistics
at 10th December, 1999
AUTHORISED SHARE CAPITAL
ISSUED & FULLY PAID-UP CAPITAL
CLASS OF SHARES
- RM1,000,000,000
- RM712,516,128
- Shares of RM1 each
Breakdown of Shareholdings
Size of
Shareholdings
1 - 499
500 - 5,000
5,001 - 10,000
10,001 - 100,000
100,001 - 1,000,000
Above 1,000,000
TOTAL
No. of
Shareholders
255
6,408
1,213
1,315
195
35
––––––
9,421
––––––
––––––
% of
Shareholders
2.71
68.02
12.87
13.96
2.07
0.37
––––––
100.00
––––––
––––––
No.
of Shares
53,236
12,990,919
9,295,223
37,589,003
58,831,812
591,416,935
––––––––––––
710,177,128
––––––––––––
––––––––––––
% of Issued
Share Capital #
0.01
1.83
1.31
5.29
8.28
83.28
––––––
100.00
––––––
––––––
Twenty Largest Shareholders as in the Register of Members and the Record of Depositors:-
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
Name
Batu Kawan Berhad
Permodalan Nasional Berhad
Amanah Raya Nominees (Tempatan) Sdn. Bhd.
– Skim Amanah Saham Bumiputera
Employees Provident Fund Board (KWSP)
Lembaga Kemajuan Tanah Persekutuan (FELDA)
The Central Depository (Pte.) Limited
Amanah Raya Nominees (Tempatan) Sdn. Bhd.
– Sekim Amanah Saham Nasional
Amanah Raya Nominees (Tempatan) Sdn. Bhd.
– Amanah Saham Wawasan 2020
Malaysia Nominees (Tempatan) Sendirian Berhad
– Great Eastern Life Assurance (Malaysia) Berhad (MLF)
Malaysia National Insurance Berhad
Wan Hin Investments Sdn. Berhad
Song Kee Tin Mining Company Sdn. Berhad
HSBC Nominees (Asing) Sdn. Bhd.
– TMIS for United Nations Joint Staff Pension Fund
Chase Malaysia Nominees (Asing) Sdn. Bhd.
– Abu Dhabi Investment Authority
Lembaga Tabung Haji
Asia Life (M) Berhad
– Malaysia Life Fund
Yeoh Chin Hin Investments Sdn. Berhad
Cartaban Nominees (Asing) Sdn. Bhd.
– SSBT Fund ZV3M for IFC Emerging Markets Fund - Malaysia
Cartaban Nominees (Asing) Sdn. Bhd.
– SSBT Fund 2R26 for Bernstein Emerging Markets Value Portfolio
DB (Malaysia) Nominee (Asing) Sdn. Bhd.
– DB AG Frankfurt for RG Zelfselect Fund
TOTAL
No.
of Shares
312,382,896
66,049,000
% of Issued
Share Capital #
43.99
9.30
53,902,150
40,910,500
27,490,039
16,720,150
7.59
5.76
3.87
2.35
15,209,000
2.14
7,978,000
1.12
7,334,000
5,381,500
3,750,000
3,733,000
1.03
0.76
0.53
0.53
3,000,000
0.42
2,864,000
2,818,000
0.40
0.40
2,230,000
2,030,000
0.31
0.29
2,012,800
0.28
1,822,000
0.26
1,725,000
––––––––––––
579,342,035
––––––––––––
––––––––––––
0.24
––––––
81.57
––––––
––––––
# Calculated based on 710,177,128 shares, which do not include the 2,339,000 treasury shares.
68
KUALA LUMPUR KEPONG BERHAD
(INCORPORATED IN MALAYSIA)
Shareholding Statistics
at 10th December, 1999 (Continued)
Substantial Shareholders
According to the register required to be kept under Section 69L of the Companies Act, 1965, the following are the substantial
shareholders of the Company:-
1.
2.
3.
4.
5.
6.
7.
8.
Name
Batu Kawan Berhad *
Permodalan Nasional Berhad **
Amanah Raya Nominees (Tempatan) Sdn. Bhd.
– Skim Amanah Saham Bumiputera
Employees Provident Fund Board (KWSP)
Lembaga Kemajuan Tanah Persekutuan (FELDA)
The Central Depository (Pte.) Limited
(As bare trustees: none of the beneficial owners
is a substantial shareholder)
HSBC Nominees (Asing) Sdn. Bhd.
(As bare trustees: none of the beneficial owners
is a substantial shareholder)
Amanah Raya Nominees (Tempatan) Sdn. Bhd.
– Sekim Amanah Saham Nasional
No.
of Shares
312,382,896
66,049,000
% of Issued
Share Capital #
43.99
9.30
53,902,150
41,261,500
27,490,039
16,720,150
7.59
5.81
3.87
2.35
16,142,049
2.27
15,209,000
2.14
*
By virtue of Section 6A of the Companies Act, 1965, Wan Hin Investments Sdn. Bhd. group of companies are also deemed
substantial shareholders of the Company. Dato’ Lee Oi Hian, Lee Hau Hian and Lee Soon Hian are substantial shareholders
of Di-Yi Sdn. Bhd., High Quest Holdings Sdn. Bhd. and Elionai Sdn. Bhd. respectively, which in turn are substantial
shareholders of Wan Hin Investments Sdn. Bhd. and accordingly all these parties are also deemed substantial shareholders
of the Company by virtue of their deemed interests.
**
By virtue of Section 6A of the Companies Act, 1965, Yayasan Pelaburan Bumiputra is also deemed substantial shareholder
of the Company.
# Calculated based on 710,177,128 shares, which do not include the 2,339,000 treasury shares.
Voting Rights of Shareholders
Every member of the Company present in person or by proxy shall have one vote on a show of hand and in the case of a poll
shall have one vote for every share of which he is the holder.
69
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Kandungan
Muka surat
Maklumat Syarikat
2
Notis Mesyuarat
3
Intisari Kumpulan
5
Ulasan Pengerusi
6
Jawatankuasa Audit
12
Laporan Para Pengarah
13
Akaun Untung Rugi Disatukan
18
Kunci Kira-Kira Disatukan
19
Akaun Untung Rugi Syarikat Induk
20
Kunci Kira-Kira Syarikat Induk
21
Penyata Aliran Tunai Disatukan
22
Nota-Nota Akaun
25
Kenyataan oleh Pengarah-Pengarah dan Akuan Berkanun
45
Laporan Juruaudit
46
Penyata Kawasan
47
Statistik Tanaman Lima Tahun
48
Statistik Kewangan Lima Tahun
49
Hartanah Kumpulan
50
Statistik Pemegangan Saham
56
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Maklumat Syarikat
Lembaga Pengarah
-
Dato’ Lee Oi Hian - Pengerusi Eksekutif
Yeoh Chin Hin @
Charles Letts
YM Dato’ Tengku Robert Hamzah
R. M. Alias @
Maj-Gen (R) Dato’ Dr. Mahmood B Sulaiman @
Ong Beng Kee - Pengarah Eksekutif
Lee Hau Hian
Tan Sri Dato’ Thong Yaw Hong
Lee Soon Hian - Pengarah Eksekutif
Datuk Abdul Rahman bin Mohd. Ramli
(Dilantik pada 11hb September, 1999)
Yeoh Eng Khoon
(Silih ganti kepada Yeoh Chin Hin)
Dato’ Mohd. Hilmey bin Mohd. Taib
(Meletakkan jawatan pada 13hb Ogos, 1999)
Mohd. Ridza bin Yahya
(Meletakkan jawatan sebagai silih ganti kepada Dato’ Mohd.
Hilmey bin Mohd. Taib pada 13hb Ogos, 1999))
@
Ahli Jawatankuasa Ganjaran
Setiausaha Syarikat
-
J. C. Lim
Fan Chee Kum
Juruaudit
-
KPMG
Pendaftar Utama dan
Pejabat Berdaftar
-
Kuala Lumpur Kepong Berhad,
Wisma Taiko,
1, Jalan S. P. Seenivasagam,
30000 Ipoh, Perak Darul Ridzuan, Malaysia.
Telefon: 605-2417844
Pendaftar Cawangan
-
M. P. Evans (UK) Ltd.,
3, Clanricarde Gardens,
Tunbridge Wells,
Kent TN1 1HQ, England.
Telefon: (01892) 516333
Bank
-
Malayan Banking Berhad
HSBC Bank Malaysia Berhad
Public Bank Berhad
RHB Bank Berhad
Bursa Saham
-
Bursa Saham Kuala Lumpur
Bursa Saham London
2
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Notis Mesyuarat
Dengan ini adalah diberitahu bahawa Mesyuarat Agung Tahunan Syarikat yang Keduapuluh Tujuh akan diadakan
di pejabat berdaftar, Wisma Taiko, 1, Jalan S. P. Seenivasagam, 30000 Ipoh, Perak Darul Ridzuan, Malaysia pada
hari Rabu, 23hb Februari, 2000 pada pukul 12.00 tengahari untuk tujuan berikut:1.
Menerima dan meluluskan akaun-akaun bagi tahun berakhir 30hb September, 1999 dan laporan para
Pengarah dan Juruaudit yang terkandung.
[Resolusi 1]
2.
Meluluskan bayaran dividen akhir sebanyak 9 sen sesaham, ditolak 28% Cukai Pendapatan Malaysia dan
dividen khas sebanyak 5 sen sesaham, ditolak 28% Cukai Pendapatan Malaysia.
[Resolusi 2]
3.
Memilih semula Pengarah berikut:(i)
Dato’ Lee Oi Hian
(ii) YM Dato’ Tengku Robert Hamzah
(iii) Datuk Abdul Rahman bin Mohd. Ramli
[Resolusi 3]
[Resolusi 4]
[Resolusi 5]
4.
Menimbangkan dan sekiranya difikirkan sesuai, meluluskan resolusi yang selaras dengan Seksyen 129(6)
Akta Syarikat, 1965 untuk melantik semula penama berikut sebagai Pengarah Syarikat untuk berkhidmat
hingga Mesyuarat Agung Tahunan Syarikat berikutnya:(i)
Yeoh Chin Hin
[Resolusi 6]
(ii) Charles Letts
[Resolusi 7]
(iii) Maj-Gen (R) Dato’ Dr. Mahmood B Sulaiman
[Resolusi 8]
5.
Menetapkan dan meluluskan yuran Pengarah-Pengarah bagi tahun berakhir 30hb September, 1999 yang
berjumlah RM666,000 (1998: RM581,000).
[Resolusi 9]
6.
Melantik Juruaudit dan memberi kuasa kepada para Pengarah menetapkan ganjaran mereka.
[Resolusi 10]
7.
Sebagai URUSAN KHAS, untuk menimbangkan dan sekiranya bersesuaian meluluskan Resolusi Biasa
berikut:[Resolusi 11]
CADANGAN MEMBERI KUASA MEMBELI BALIK SAHAM SENDIRI OLEH SYARIKAT
BAHAWA kuasa diberi kepada Pengarah-Pengarah untuk Syarikat membeli balik saham biasa bernilai
RM1.00 tiap satu dalam Syarikat (“Kuasa Membeli Balik Saham”) dengan amaunnya ditentukan oleh
Pengarah-Pengarah dari masa ke semasa melalui Bursa Saham Kuala Lumpur mengikut syarat-syarat
Pengarah-Pengarah menganggap sesuai dan wajar dari segi kepentingan Syarikat tertakluk jumlah saham
yang dibeli melalui resolusi ini tidak melebihi 2.8% jumlah modal saham terbit dan terbayar Syarikat
(bersamaan dengan 20,000,000 saham Syarikat berdasarkan modal saham terbit dan terbayar semasa
[tidak termasuk saham perbendaharaan] sebanyak 710,177,128 saham bernilai RM1.00 tiap satu pada 10hb
Disember, 1999) dan amaun yang tidak melebihi jumlah keuntungan terkumpul Syarikat akan
diperuntukkan untuk Kuasa Membeli Balik Saham (keuntungan terkumpul Syarikat yang telah diaudit pada
30hb September, 1999 adalah RM646 juta) DAN BAHAWA Pengarah-Pengarah boleh meresolusikan untuk
membatalkan saham yang dibeli dan/atau menyimpan saham yang dibeli sebagai saham perbendaharaan;
DAN BAHAWA Pengarah-Pengarah diberi kuasa membuat segala perbuatan dan tindakan yang perlu
supaya melaksanakan dengan penuh Kuasa Membeli Balik Saham dengan penuh kuasa untuk bersetujui
sebarang syarat, ubahsuaian, nilaian semula, perubahan dan/atau pindaan (jika ada) yang dikuatkuasakan
oleh pihakberkuasa berkenaan DAN BAHAWA kuasa tersebut akan bermula apabila resolusi diluluskan dan
akan tamat pada penghabisan Mesyuarat Agung Tahunan (“MAT”) Syarikat hadapan berikut kelulusan
resolusi biasa ini atau penamatan tempoh di mana MAT berikutnya perlu diadakan mengikut undang
(kecuali ianya dibatalkan atau diubahsuai melalui resolusi biasa pemegang-pemegang saham Syarikat dalam
mesyuarat agung) tetapi tidak terjejas selesaian pembelian oleh Syarikat sebelum tarikh tamat dan
seharusnya mengikut peruntukan dalam garis panduan dikeluarkan oleh Bursa Saham Kuala Lumpur atau
mana-mana pihakberkuasa berkenaan.
3
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Notis Mesyuarat
8.
(Bersambung)
Menguruskan sebarang urusan biasa Syarikat.
Dengan Perintah Lembaga Pengarah
J. C. LIM
FAN CHEE KUM
Setiausaha Syarikat
Ipoh, Perak Darul Ridzuan,
Malaysia.
7hb Januari, 2000.
Nota
(1)
Seorang ahli Syarikat yang berhak menghadiri dan mengundi adalah berhak melantik tidak melebihi dua
orang proksi atau proksi-proksi untuk menghadiri dan mengundi bagi pihak dirinya. Seorang proksi tidak
semestinya seorang ahli Syarikat.
(2)
Suratcara perlantikan proksi mesti sampai di pejabat berdaftar Syarikat tidak kurang daripada 48 jam
sebelum masa mesyuarat ini diadakan.
(3)
Sekiranya bayaran dividen akhir diluluskan, ia akan dibayar pada 20hb Mac, 2000 kepada pemegangpemegang saham dalam Daftar Ahli pada 24hb Februari, 2000.
Dengan ini juga diberitahu bahawa seorang Pendeposit hanya layak menerima hak dividen bagi:(i)
Saham-saham yang didepositkan ke dalam akaun sekuriti Pendeposit pada atau sebelum 12.30
tengah hari pada 22hb Februari, 2000 bagi saham-saham yang dikecualikan dari Deposit Mandatori;
(ii)
Saham-saham yang dipindahkan kepada akaun sekuriti Pendeposit sebelum 12.30 tengah hari pada
24hb Februari, 2000 berkaitan dengan pemindahan biasa; dan
(iii)
Saham-saham yang dibeli di Bursa Saham Kuala Lumpur berasaskan hak dividen mengikut Peraturanperaturan Bursa Saham Kuala Lumpur.
Pemindahan saham yang boleh didaftar yang diterima oleh Pendaftar Cawangan Syarikat di United
Kingdom pada atau sebelum 24hb Februari, 2000 akan didaftarkan kelayakannya untuk pembayaran
dividen.
(4)
Untuk Resolusi 11, keterangan selanjutnya berkenaan Kuasa Membeli Balik Saham adalah didapati dalam
Surat Pekeliling kepada Pemegang Saham Syarikat bertarikh 7hb Januari, 2000 yang dihantarkan bersama
dengan Akaun dan Laporan Syarikat 1999.
(Sekeping borang proksi dikembar bersama Laporan dan Akaun-Akaun ini).
4
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Intisari Kumpulan
Kewangan
Perolehan Jualan
1999
1998
-
RM’000
2,404,255
2,334,725
-
RM’000
399,326
367,943
-
RM’000
370,406
273,964
sebelum cukai
-
sen
56.2
51.6
selepas cukai
-
sen
52.1
38.4
kasar
-
sen
20.0
25.0
bersih
-
sen
14.4
18.0
Harta ketara bersih
-
RM’000
3,180,103
2,931,558
Harta ketara bersih sesaham
-
RM
4.48
4.11
Buah Tandan Basah
-
tan metrik
1,271,165
1,128,694
Getah
-
‘000 kilo
26,900
25,301
Koko
-
‘000 kilo
2,230
2,092
Keuntungan:sebelum cukai
selepas cukai dan kepentingan pemegang
saham minoriti
Pendapatan sesaham:-
Dividen sesaham:-
Pengeluaran
5
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Ulasan Pengerusi
Bagi pihak Lembaga Pengarah, saya dengan sukacitanya membentangkan Laporan Tahunan
Kumpulan KLK bagi tahun kewangan berakhir 30 September 1999.
Untuk tahun dalam tinjauan, Kumpulan kami telah mencapai keuntungan sebelum cukai
sebanyak RM399.33 juta, di mana ianya melebihi angka tahun lepas, iaitu sebanyak
RM367.94 juta, dengan kenaikan sebanyak RM31.39 juta atau 8.5%. Bagaimanapun,
keuntungan selepas cukai dan kepentingan pemegang-pemegang saham minoriti telah
melonjak sebanyak 35.2% dari RM273.96 juta ke RM370.41 juta. Ini setelah mengambil
kira pengecualian satu tahun cukai oleh Kerajaan untuk keuntungan operasi bagi tahun fiskal
1999. Hasilnya, pendapatan sesaham telah meningkat dari 38.4 sen ke 52.1 sen.
Perniagaan teras dari sektor perladangan, terutamanya dari sektor kelapa sawit telah
menyumbangkan sebahagian besar keuntungan Kumpulan tersebut. Keputusan dari
subsidiari perkilangan berdasarkan sumber adalah bercampur-campur tetapi secara
keseluruhan sektor ini telah mengalih dengan begitu baik sekali. Akan tetapi, sektor
peruncitan tidak menunjukkan prestasi seperti yang dijangkakan.
Pihak Lembaga Pengarah anda telah mengesyorkan bayaran dividen akhir sebanyak 9 sen
sesaham ditolak cukai, dan dividen khas sebanyak 5 sen sesaham ditolak cukai, di mana jika
dikira kesemuanya termasuk dividen interim sebanyak 6 sen sesaham dibayar terdahulu,
menjadikan jumlah keseluruhan sebanyak 20 sen sesaham untuk tahun ini. Sebagai
pembandingan, tahun lepas jumlah keseluruhan dividen adalah sebanyak 25 sen sesaham
manakala dari segi amaun dividen dibayar pula adalah sebanyak RM102.27 juta berbanding
dengan tahun lepas iaitu sebanyak RM128.27 juta.
PERLADANGAN
Keuntungan perladangan telah mencapai rekod keuntungan tertinggi sebanyak RM301.33
juta yang melebihi keputusan tahun lalu iaitu RM287.74 juta dengan kenaikan sebanyak
RM13.59 juta atau 4.7%. Seperti tahun-tahun kebelakangan, kelapa sawit masih lagi
merupakan penyumbang utama keuntungan dan tahun ini menyumbangkan 98.8% dari
jumlah keseluruhan keuntungan perladangan, manakala peranan daripada dua tanaman lain,
iaitu getah dan koko kian merosot dengan kedua-dua tanaman telah digantikan secara
berperingkat-peringkat dengan tanaman kelapa sawit.
Walaupun harga kelapa sawit mentah (CPO) secara puratanya telah mencapai ke paras
RM1,711 setan metrik dan tidak menunjukkan pengurangan yang nyata berbanding dengan
6
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Ulasan Pengerusi
(Bersambung)
angka RM1,847 setan metrik dicapai tahun lepas, ianya tidak menggambarkan menjunam
dengan nyata paras harga dari RM2,500 setan metrik yang dicapai pada awal tahun ke paras
sekarang, iaitu dalam lingkungan RM1,200 setan metrik, di mana ianya dilihat telah
mendapat sokongan. Namun begitu, dengan meningkatnya keluaran BTB sebanyak 12.6%
kepada 1.27 juta tan metrik, bersamaan dengan 21.21 tan metrik sehektar, dan pengurangan
dalam kos pengeluaran telah meringankan kesan kejatuhan harga dan membolehkan
keuntungan bagi setiap hektar matang sebanyak RM5,154 diperolehi, berbanding dengan
RM5,753 yang dicapai tahun lalu.
Peningkatan dalam keluaran BTB adalah disebabkan oleh kebanyakan kawasan tanaman
baru yang dibawa untuk dituai dari Kompleks GSSB kita di Sabah dan juga untuk pertama
kalinya, dari Kompleks SWP kita di Belitung, Indonesia. Faktor lain adalah kemampuan
kelapa sawit untuk memulih dari kemarau disebabkan oleh fenomena El Nino tahun lalu,
dengan banyak buah dihasilkan semasa pertengahan kedua tahun kewangan, di mana ketika
itu harga minyak sawit mentah sememangnya telah merosot.
Jumlah keluaran getah telah meningkat sebanyak 6.3% ke 26,900 tan metrik di mana 2,000
tan metrik datangnya dari ladang PT ADEI kita di Indonesia. Ladang-ladang kita di
Semenanjung dengan 14,000 hektar getah matang telah memberikan prestasi yang baik dan
menghasilkan 1,748 kilo sehektar, disebabkan kurang mengalami luruhan daun, manakala
ladang-ladang muda di Indonesia menghasilkan hanya 747 kilo sehektar yang menyebabkan
kurangnya jumlah purata keseluruhan Kumpulan ke 1,585 kilo sehektar. Pengurangan hasil
di PT ADEI disebabkan tanaman kebanyakannya klon GT.1 dengan ciri-cirinya yang
meningkat hasil secara perlahan-perlahan. Dengan langkah-langkah yang diambil untuk
memesatkan pertambahan unit-unit rumah di kawasan tanaman bagi memudahkan
pengambilan penoreh-penoreh getah mahir untuk menoreh pokok getah matang.
Peningkatan dalam keluaran adalah dijangkakan di masa akan datang. Dengan sebanyak
5,100 hektar pokok getah ditoreh sepenuhnya, bersamaan dengan 20% dari jumlah pokok
getah Kumpulan, kawasan getah PT ADEI dijangka akan menyumbang lebih di tahun-tahun
akan datang. Sementara itu, jumlah keseluruhan kawasan tanaman getah di ladang
Semenanjung telah dikurangkan sebanyak 1,950 hektar kepada 19,770 hektar dan langkah di
mana ladang getah yang tidak berekonomi akan digantikan dengan kelapa sawit di ladang
Semenanjung akan diteruskan di tahun-tahun akan datang.
Tanpa mengira angka peningkatan keluaran, keuntungan dari sektor perladangan getah telah
merosot akibat dari jatuhnya harga jualan iaitu dari harga purata 337 sen sekilo kepada hanya
273 sen sekilo yang mengakibatkan kurangnya keuntungan sehektar matang ke sebanyak
RM389 yang sebahagiannya juga disebabkan oleh kerugian yang dicatatkan oleh getah baru
matang di PT ADEI.
7
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Ulasan Pengerusi
(Bersambung)
Koko telah menjadi tanaman kecilan Kumpulan, dengan kira-kira 1,964 hektar atau 2% dari
jumlah hektar tanaman Kumpulan walaupun dalam tahun ini mengekalkan paras
pengeluaran sebanyak 2,230 tan metrik pada hasil 982 kilo sehektar dan keuntungan
sehektar matang sebanyak RM1,641. Jumlah hektar tanaman ini akan terus berkurangan.
Pembangunan perladangan kita di PT ADEI, Wilayah Riau agak perlahan disebabkan
ketidakstabilan politik dan masalah-masalah berkaitan sosio-ekonominya. Namun begitu,
5,500 hektar kawasan rizab hutan dapat ditanam dengan kelapa sawit dan 5,000 hektar lagi
telah dipugar dan sedia untuk ditanam dengan kelapa sawit. Dengan pemilihan kerajaan
baru dan secara am, kestabilan kembali pulih adalah dijangka dalam masa dua tahun lagi baki
kawasan akan dapat ditanam dan seterusnya menjadikan Kompleks ADEI kita lebih menarik
dengan 5,100 hektar tanaman getah dan lebih kurang 20,000 hektar kelapa sawit dilengkapi
dengan kemudahan pemerosesannya sendiri.
Disisih dari tanah besarnya, Kompleks SWP kita di Pulau Belitung, mengandungi 14,000
hektar tanaman kelapa sawit, kini bebas dari masalah yang dialami oleh Kompleks ADEI dan
dijangka keseluruhan Kompleks tersebut, di mana pemetikan fasa pertamanya telah bermula
akan mengeluarkan keluaran penuh dalam jangka masa dua tahun secara sedikit demi
sedikit. Kilang kelapa sawit baru berkeupayaan 80 tan metrik sejam mula beroperasi dengan
jayanya dan bersedia memproses hasil dari fasa tanaman pertama.
Adalah jelas dari penerangan di atas bahawa penumpuan terhadap tanaman baru kelapa
sawit telah bertukar dari ladang-ladang di Sabah, yang telah sempurna ditanam ke ladangladang di Indonesia. Sejumlah 39,500 hektar kelapa sawit belum matang merupakan 39%
dari keluaran kelapa sawit Kumpulan, di mana sebahagian besarnya dari Kompleks-kompleks
Indonesia kita akan memastikan Kumpulan akan mendapat kawasan produktif yang konstan
setiap tahun untuk tahun-tahun akan datang.
SYARIKAT BERSEKUTU – YULE CATTO & CO. PLC
Berikutan dengan pengambilalihan Holliday Chemical Holdings tahun lalu, syarikat bersekutu
kita, Yule Catto akan meneruskan langkah-langkah untuk menyatukan berbagai perniagaan
yang diperolehinya, yang mana aktiviti utamanya adalah dalam bidang bahan kimia khas dan
bahan perantaraan dalam perubatan. Iklim dagangan alam industri kimia dilaporkan telah
meningkat setelah permulaan yang agak perlahan dan bahagian pasaran juga dapat
dikekalkan. Memandangkan aktiviti penggabungan dan pengambilalihan dalam industri
kimia di dunia sekarang, Kumpulan Yule Catto adalah dalam kedudukan yang baik untuk
8
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Ulasan Pengerusi
(Bersambung)
mendapat manfaat dari peluang dagangan hasil dari perubahan struktur tersebut. Bahagian
keuntungan kita daripada Yule Catto telah meningkat ke £11.0 juta.
PENGILANGAN
Subsidiari perkilangan Kumpulan kita telah menunjukkan perubahan yang positif dan secara
kolektif telah mencapai keuntungan sebanyak RM33.5 juta berbanding dengan kerugian
sebanyak RM12.8 juta sebelumnya. Sumbangan utama datangnya dari perniagaan kimia
oleo kita yang telah mendapat manfaat dari harga yang baik untuk bahan mentahnya dan
peningkatan permintaan antarabangsa. Aktiviti lain berdasarkan sumber seperti pengisaran
koko, keluaran parket dan syarikat 50% usahasama kita, Esterol yang mengeluarkan bahan
makanan esters telah mencatatkan peningkatan yang memuaskan, walaupun kilang sarung
tangan kita kini menghadapi persaingan hebat yang menyebabkan keuntungan berkurangan.
Kecemerlangan peningkatan keuntungan juga diperolehi dari instolasi bulking kita di Tianjin
dan kilang penapis minyak sayuran di Wuhan, Republik Rakyat China. Operasi di Tianjin
telah melaksanakan program pembesarannya untuk menambah keupayaan tangkinya
sebanyak 42% menggunakan sumber kewangan dalaman. Projek ini dijangka siap pada
bulan Mac 2000.
Dalam tahun ini, operasi Standard Soap di UK telah disatukan yang mengakibatkan
penutupan salah satu daripada kilangnya. Akibat dari pembayaran untuk lebihan pekerja
telah menyebabkannya menanggung kerugian. Walau bagaimanapun, langkah-langkah telah
diambil untuk mengatasinya dan seterusnya prestasi yang lebih baik adalah dijangkakan di
masa akan datang.
JUALAN RUNCIT
Crabtree & Evelyn telah mengakhiri tahun ini dengan kerugian sebelum kepentingan minoriti
sebanyak RM32.3 juta berdasarkan kepada perolehan yang sedikit rendah iaitu RM491.0
juta dan setelah peruntukan dibuat berhubung dengan penutupan salah satu dari
kemudahan perkilangannya. Jualan di operasi Amerika Syarikat telah berkurangan dan
marginnya tidak mencukupi untuk menampung perbelanjaan am dan pentadbirannya yang
tinggi. Akan tetapi, operasi-operasi lain di luar negeri selain dari Amerika Syarikat adalah
menguntungkan.
9
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Ulasan Pengerusi
(Bersambung)
Memandangkan ciri-ciri yang menarik berkenaan dengan jenama barangan dan potensi
sedunia, pihak pengurusan telah melancarkan strategi yang selaras dan menfokuskan
penumpuannya di Amerika Syarikat untuk menstrukturkan semula dan mengukuhkan
operasinya.
PEMBANGUNAN HARTANAH
Tahun ini merupakan tahun yang agak rumit bagi pasaran hartanah dan ianya telah memberi
kesan buruk kepada prestasi pelaburan hartanah usahasama kita. Akan tetapi, dengan
peningkatan ekonomi secara am dan langkah positif lain diambil oleh Kerajaan seperti
mengurangkan kadar faedah, kemudahan mendapat pinjaman perumahan dan Kempen
Pemilikan Rumah telah merangsangkan minat dalam sektor ini dan peningkatan sentimen
seharusnya memberi manfaat di masa depan.
ISU Y2K
Semua kerja-kerja pembetulan dalaman berhubung dengan Pepijat Alaf telah disempurnakan
dan walaupun masalah Y2K dijangka tidak akan memberi sebarang kesan besar terhadap
Kumpulan, disebabkan jenis perniagaan kita namun demikian Kumpulan akan terus
melengkapkan diri untuk menghadapi sebarang kemungkinan sekiranya berlaku, untuk
memastikan perlicinan ke Tahun 2000.
PROSPEK
Ekonomi kita kini telah kembali pulih dari kegawatan yang dialaminya dan pertumbuhan
Keluaran Domestik Kasar diyakini boleh melebihi paras 4% untuk tahun 1999. Ini
disebabkan oleh langkah-langkah berani, dasar fiskal yang unik dan kawalan matawang asing
terpilih yang diambil oleh Kerajaan kita. Pilihanraya umum yang baru berakhir juga
menyaksikan Barisan Nasional kembali berkuasa dengan memperolehi majoriti dua pertiga
di Parlimen. Kedua-dua peristiwa tersebut akan memberikan kestabilan, aman dan
kemajuan masa depan negara ini.
Industri perladangan, disebaliknya pula mengalami pusingan penurunan dari segi harga
jualan, terutamanya kelapa sawit. Dengan pemulihan kukuh dalam pengeluaran minyak
sawit dalam tahun 1999 akibat dari El Nino pada tahun 1998, dan dengan keluaran biji
10
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Ulasan Pengerusi
(Bersambung)
minyak sedunia dikekalkan ke paras tinggi, harga minyak kelapa sawit yang menerima
tekanan persaingan telah jatuh ke paras terendah dalam sejarah. Berdasarkan pada senario
tersebut dan selain daripada berlaku kenaikan harga secara tiba-tiba, adalah sukar bagi kita
untuk mengulangi prestasi tahun ini di tahun-tahun akan datang.
Perbelanjaan modal yang tinggi iaitu sebanyak RM170.5 juta adalah disebabkan oleh
penambahan kawasan tanaman baru di Sabah dan Indonesia serta keperluan kemudahan
pemerosesan. Bagaimanapun, aliran tunai dari operasi dan rizab tunai kita lebih dari
mencukupi untuk menampung perbelanjaan tersebut.
PENGHARGAAN
Bagi pihak Lembaga Pengarah, saya ingin mengucapkan ribuan terima kasih kepada Dato’
Mohd. Hilmey bin Mohd. Taib atas sumbangan beliau dalam tempoh masa beliau menjadi
Pengarah dengan Kumpulan dan juga ingin merakamkan ucapan alu-aluan kepada Datuk
Abdul Rahman bin Mohd. Ramli, pengganti Dato’ Mohd. Hilmey selaku wakil kepada
Kumpulan PNB. Dengan perkhidmatan Datuk Abdul Rahman selama beberapa tahun
sebagai ketua Eksekutif Kumpulan Golden Hope Plantations Berhad, saya yakin KLK akan
mendapat manfaat yang besar dari pengalaman beliau.
Pihak Lembaga Pengarah juga ingin menyampaikan sekalung tahniah kepada Encik Lee
Soon Hian, atas perlantikkannya sebagai salah seorang Pengarah Eksekutif yang
bertanggungjawab ke atas kepentingan sektor bukan perladangan.
Saya juga ingin mengambil kesempatan ini untuk merakamkan penghargaan Lembaga
Pengarah kepada pihak pengurusan dan kakitangan-kakitangan atas kerja tekun dan dedikasi
mereka kepada Kumpulan selama ini dan kepada semua pemegang saham atas sokongan
mereka.
Dato’ Lee Oi Hian
Pengerusi Eksekutif
Ipoh,
Perak Darul Ridzuan,
Malaysia.
17hb Disember, 1999
11
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Jawatankuasa Audit
Ahli
Yeoh Chin Hin - Pengerusi
(Pengarah bebas bukan eksekutif)
YM Dato’ Tengku Robert Hamzah
(Pengarah bebas bukan eksekutif)
Datuk Abdul Rahman bin Mohd. Ramli
(Pengarah bebas bukan eksekutif yang dilantik pada 11hb September, 1999)
Dato’ Mohd. Hilmey bin Mohd. Taib
(Pengarah bebas bukan eksekutif yang meletakkan jawatan pada 13hb Ogos, 1999)
Setiausaha
J. C. Lim
Fan Chee Kum
Bidang Tugas
Jawatankuasa audit telah ditubuhkan dalam tahun 1993.
Penubuhan Jawatankuasa Audit akan memastikan keberkesanan pentadbiran korporat dalam Kumpulan terutama
dalam hubungan fungsi audit dalaman dan luar. Bidang tugas Jawatankuasa Audit adalah seperti berikut:(a) Semakan semula dengan Juruaudit Luar:- rancangan audit;
- taksiran ke atas kawalan perakaunan dalaman; dan
- laporan audit bersama dengan surat pengurusan.
(b) Semakan semula dengan Juruaudit Luar polisi perakaunan Kumpulan dan syarat-syarat pelaporan.
(c) Semakan semula kemantapan dan penyelenggaraan sistem, kawalan perakaunan yang berkesan serta
membuat cadangan kepada Lembaga di mana wajar.
(d) Berhubung terus di antara Juruaudit Luar, Juruaudit Dalaman, pihak Pengurusan dan pihak Lembaga.
(e) Mengesyorkan perlantikan dan yuran Juruaudit Luar Syarikat dan subsidiarinya.
(f) Fungsi-fungsi lain yang mungkin dipersetujui dari masa ke semasa di antara pihak Jawatankuasa Audit dan
pihak Lembaga Pengarah.
12
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Laporan Para Pengarah
Para Pengarah Kuala Lumpur Kepong Berhad dengan bangganya membentangkan Laporan mereka serta akaunakaun yang telah diaudit bagi Kumpulan yang terdiri daripada Syarikat ini dan syarikat-syarikat subsidiarinya bagi
tahun berakhir 30hb September, 1999.
KEGIATAN UTAMA
Syarikat ini terus menjalankan perniagaan mengeluarkan dan memproses barangan kelapa sawit, getah asli dan
koko daripada perladangan-perladangannya. Syarikat subsidiari dan bersekutu Kumpulan terlibat dalam perniagaan
perladangan, perkilangan, penjualan runcit, kemajuan hartanah dan pemegangan pelaburan. Tidak ada berlaku apaapa perubahan penting dalam aktiviti-aktiviti pada tahun berakhir 30hb September, 1999.
KEPUTUSAN
Kumpulan
RM’000
Keuntungan sebelum cukai
Cukai
Keuntungan selepas cukai
Kepentingan pemegang saham minoriti
Kepentingan selepas cukai dan kepentingan pemegang saham minoriti
Keuntungan belum dibahagikan dibawa ke hadapan
Keuntungan untuk pembahagian
Pembatalan saham dibeli balik
399,326
20,690
–––––––––––
378,636
(8,230)
–––––––––––
370,406
830,305
–––––––––––
1,200,711
(1,284)
–––––––––––
1,199,427
Syarikat
RM’000
302,773
39,837
–––––––––––
262,936
–––––––––––
262,936
489,893
–––––––––––
752,829
(1,284)
–––––––––––
751,545
Pembahagian:Dividen interim sebanyak 6 sen kasar sesaham, tolak cukai pendapatan,
telah dibayar pada 9hb Ogos, 1999
Cadangan dividen akhir sebanyak 9 sen kasar sesaham, tolak cukai pendapatan
Cadangan dividen khas sebanyak 5 sen kasar sesaham, tolak cukai pendapatan
Pindahan ke simpanan
Bahagian ubahsuaian tukaran mata wang dari syarikat bersekutu
Keuntungan belum dibahagikan dihantar ke hadapan
30,680
46,020
25,566
11,704
113,970
–––––––––––
1,085,457
5,446
–––––––––––
1,090,903
–––––––––––
–––––––––––
30,680
46,020
25,566
3,515
105,781
–––––––––––
645,764
–––––––––––
645,764
–––––––––––
–––––––––––
DIVIDEN
Amaun yang telah dibayar atau isytiharkan sebagai dividen oleh Syarikat semenjak tamat tahun kewangan lalu
adalah berikut:(i)
dividen akhir sebanyak 9 sen kasar sesaham, tolak 28% cukai pendapatan, berjumlah RM46,171,000 bagi
tahun berakhir 30hb September, 1998 telah dibayar pada 2hb Mac, 1999 sepertimana yang dicadangkan dalam
laporan tahun lalu;
(ii) dividen khas sebanyak 10 sen kasar sesaham, tolak 28% cukai pendapatan, berjumlah RM51,301,000 bagi
tahun berakhir 30hb September, 1998 telah dibayar pada 2hb Mac, 1999 sepertimana yang dicadangkan dalam
laporan tahun lalu;
(iii) dividen interim sebanyak 6 sen kasar sesaham, tolak 28% cukai pendapatan, berjumlah RM30,680,000 bagi
tahun berakhir 30hb September, 1999 telah dibayar pada 9hb Ogos, 1999.
13
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Laporan Para Pengarah
(Bersambung)
Para Pengarah mengesyorkan bayaran dividen akhir sebanyak 9 sen kasar sesaham, tolak 28% cukai pendapatan
dan dividen khas sebanyak 5 sen kasar sesaham, tolak 28% cukai pendapatan, berjumlah RM71,586,000, tertakluk
kepada kelulusan di Mesyuarat Agung Tahunan Syarikat, akan dibayar pada 20hb Mac, 2000 kepada ahli-ahli dalam
buku daftar Syarikat mengikut masa perniagaan ditutup pada 24hb Februari, 2000.
SIMPANAN DAN PERUNTUKAN
Segala pindahan nyata kepada dan dari simpanan serta peruntukan untuk tahun ini telah dicatatkan dalam Nota
Akaun 20.
MODAL TERBIT DAN TERBAYAR PENUH
Selepas tahun kewangan berakhir, Syarikat telah melaksanakan satu skim pembelian balik saham yang telah
diluluskan oleh pemegang-pemegang saham pada 17hb Februari, 1998 dalam satu Mesyuarat Agung Luarbiasa
dan selepas itu dibarui pada Mesyuarat Agung Tahunan (“MAT”) pada 3hb Februari 1999. Butir-butir pembelian
balik saham adalah berikut:
Bulan
Bilangan saham Harga tertinggi Harga terendah
dibeli balik
dibayar sesaham dibayar sesaham
RM
RM
Harga purata
dibayar
RM
Jumlah
Dibayar
RM ‘000
Saham dibatalkan
Oktober, 1998
285,000
–––––––––––
4.46
4.44
4.45
1,284
–––––––
5.90
5.25
5.10
4.72
5.58
4.86
6,823
5,559
–––––––
12,382
–––––––
Dipegang sebagai
saham perbendaharaan
Februari, 1999
Mac, 1999
1,208,000
1,131,000
–––––––––––
2,339,000
–––––––––––
Jumlah
2,624,000
–––––––––––
–––––––––––
13,666
–––––––
–––––––
Mandat yang diberi oleh pemegang-pemegang saham akan tamat pada MAT yang akan datang dan satu resolusi
biasa akan dibentangkan dalam MAT untuk pemegang-pemegang saham membarui mandat untuk satu tahun lagi.
PARA PENGARAH SYARIKAT
Para Pengarah yang berkhidmat semenjak tarikh laporan lalu adalah seperti yang dicatatkan di mukasurat 2.
Menurut kehendak Tataurusan Syarikat, Dato’ Lee Oi Hian dan YM Dato’ Tengku Robert Hamzah bersara pada
Mesyuarat Agung Tahunan yang akan datang, dan oleh kerana layak, menawarkan diri untuk dilantik semula.
Datuk Abdul Rahman bin Mohd. Ramli, yang dilantik semenjak Mesyuarat Agung Tahunan lalu, bersara menurut
kehendak Tataurusan Syarikat pada Mesyuarat Agung Tahunan yang akan datang, dan oleh kerana layak,
menawarkan diri untuk dilantik semula.
Yeoh Chin Hin, Charles Letts dan Maj-Gen (R) Dato’ Dr. Mahmood B Sulaiman bersara di Mesyuarat Agung
Tahunan akan datang menurut Seksyen 129(2), Akta Syarikat, 1965, dan satu resolusi akan dicadangkan untuk
perlantikan semula mereka sebagai Pengarah di bawah peruntukan Seksyen 129(6) Akta tersebut untuk
berkhidmat sehingga penutup Mesyuarat Agung Tahunan Syarikat pada tahun berikutnya.
14
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Laporan Para Pengarah
(Bersambung)
PEMEGANGAN SAHAM PENGARAH
Butir-butir pemegangan saham Pengarah dalam Syarikat pada tahun ini adalah seperti berikut:Bilangan saham berharga RM1 setiap satu
–––––––––––––––––––––––––––––––––––––––––––––––––––––––
Baki pada
Baki pada
1.10.1998
Dibeli
Dijual
30.9.1999
Nama
Dato’ Lee Oi Hian
- dipegang terus
48,000
- dijangka mempunyai kepentingan
310,005,896
Yeoh Chin Hin
- dipegang terus
1,050,000
- dijangka mempunyai kepentingan
60,000
Charles Letts
- dipegang terus
456,000
- dijangka mempunyai kepentingan
YM Dato’ Tengku Robert Hamzah
- dipegang terus
60,000
- dijangka mempunyai kepentingan
150,000
R. M. Alias
- dipegang terus
225,000
- dijangka mempunyai kepentingan
Lee Hau Hian
- dipegang terus
55,500
- dijangka mempunyai kepentingan
310,005,896
Tan Sri Dato’ Thong Yaw Hong
- dipegang terus
24,000
- dijangka mempunyai kepentingan
40,500
Lee Soon Hian
- dipegang terus
140,000
- dijangka mempunyai kepentingan
310,005,896
Yeoh Eng Khoon (silih ganti kepada Yeoh Chin Hin)
- dipegang terus
240,000
- dijangka mempunyai kepentingan
2,013,000
10,020,000
-
48,000
320,025,896
-
-
1,050,000
60,000
-
-
456,000
-
13,000
20,000
-
73,000
170,000
-
-
225,000
-
10,020,000
-
55,500
320,025,896
10,000
-
-
34,000
40,500
10,020,000
-
140,000
320,025,896
50,000
-
240,000
2,063,000
Selain daripada para Pengarah di atas, tiada Pengarah lain dalam pejabat pada akhir tahun memiliki sebarang saham
Syarikat.
Selain daripada Lee Hau Hian yang memegang 358,668 saham Syarikat sebagai amanah kosong, tiada Pengarah
mempunyai kepentingan tak bermanfaat dalam saham Syarikat dalam tempoh tahun kewangan.
Tiada perubahan telah diumumkan oleh Para Pengarah mengenai mana-mana kepentingan bermanfaat mereka
yang dimiliki secara langsung dalam modal saham Syarikat di antara 30hb September, 1999 dan 10hb Disember,
1999.
15
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Laporan Para Pengarah
(Bersambung)
Menurut kepentingan anggapan mereka dalam Syarikat, Dato’ Lee Oi Hian, Lee Hau Hian dan Lee Soon Hian
adalah dianggap memiliki kepentingan dalam saham subsidiari-subsidiari Syarikat kepada tahap kepentingan
Syarikat memiliki dalam subsidiari masing-masing seperti yang tercatat dalam Nota Akaun 26. Tambahan pula,
mereka juga ada kepentingan dalam saham dipegang oleh syarikat-syarikat lain dalam perbadanan berkaitan
sehingga Disember, 1998 adalah seperti berikut:Bilangan saham biasa berharga RM1 setiap satu dan
Bilangan Saham Terutama Boleh Ditebus bernilai RM0.10 setiap satu*
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Subsidiari
Baki pada
Baki pada
KL-Kepong Cocoa Products Sdn. Bhd.
1.10.1998
Dibeli
Dijual
30.9.1999
Dato’ Lee Oi Hian
- dipegang terus
- dijangka mempunyai kepentingan
5,250,000
5,250,000
5,250,000*
5,250,000*
Lee Hau Hian
- dipegang terus
- dijangka mempunyai kepentingan
5,250,000
5,250,000
5,250,000*
5,250,000*
Lee Soon Hian
- dipegang terus
- dijangka mempunyai kepentingan
5,250,000
5,250,000
5,250,000*
5,250,000*
Selain daripada para Pengarah di atas, tiada Pengarah lain dalam pejabat memiliki sebarang kepentingan
bermanfaat dalam saham perbadanan berkaitan dengan Syarikat dalam tahun kewangan ini.
MANFAAT PARA PENGARAH
Semenjak akhir tahun kewangan lalu, tiada Pengarah Syarikat telah menerima atau layak menerima sebarang
faedah (selain daripada faedah yang dicatatkan di dalam akaun Kumpulan atau syarikat berkaitan sebagai bayaran
terkumpul telah terima atau akan terima oleh Pengarah-Pengarah) melalui perjanjian yang dibuat oleh Syarikat atau
syarikat berkaitan dengan Pengarah atau sebuah firma di mana Pengarah tersebut adalah ahli, atau sebuah syarikat
di mana Pengarah tersebut mempunyai kepentingan kewangan yang besar kecuali manfaat dijangka berakru
kepada Pengarah-Pengarah tertentu melalui urusniaga biasa oleh Kumpulan dan Syarikat dengan pihak-pihak
berkaitan sepertimana yang tercatat di bawah Nota 23 dalam akaun.
Tiada sebarang persetujuan dibuat dalam sepanjang tahun dan pada akhir tahun di mana Syarikat sebagai satu
pihak yang terlibat membolehkan para Pengarah Syarikat memperolehi manfaat melalui penerimaan saham atau
debentur Syarikat atau perbadanan lain.
MAKLUMAT BERKANUN LAIN
Sebelum akaun untung rugi dan kunci kira-kira Kumpulan dan Syarikat disediakan, para Pengarah telah mengambil
tindakan yang wajar bagi mempastikan:(i)
segala hutang lapuk yang diketahui dihapuskan dan peruntukan cukup telah dibuat untuk hutang ragu; dan
(ii) segala harta semasa telah dinyatakan pada nilai terendah dari kos dan nilaian bersih dari jualan.
16
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Laporan Para Pengarah
(Bersambung)
Pada tarikh laporan ini, para Pengarah Syarikat tidak mengetahui akan adanya perkara yang boleh menyebabkan:(i)
jumlah hutang lapuk yang dihapuskan atau jumlah peruntukan untuk hutang ragu dalam Kumpulan dan Syarikat,
jauh tidak mencukupi;
(ii) nilai harta semasa yang ditunjukkan dalam akaun Kumpulan dan Syarikat menjadi mengelirukan;
(iii) sebarang perkara yang boleh mengakibatkan kaedah penilaian harta atau tanggungan yang digunakan oleh
Kumpulan dan Syarikat pada masa ini mengelirukan atau tidak sesuai; dan
(iv) wujudnya sebarang perkara yang tidak disebutkan dalam laporan ini atau di dalam akaun yang akan
mengakibatkan sebarang jumlah yang dinyatakan dalam akaun Kumpulan dan Syarikat menjadi mengelirukan.
Pada tarikh laporan ini tidak terdapat:(i)
sebarang cagaran atas harta Kumpulan atau Syarikat yang diwujudkan semenjak akhir tahun kewangan yang
menjadi cagaran terhadap tanggungan orang lain; atau
(ii) sebarang tanggungan luar jangka Kumpulan atau Syarikat yang wujud semenjak akhir tahun kewangan ini.
Tiada tanggungan luar jangka atau tanggungan lain syarikat dalam Kumpulan yang mungkin atau berkemungkinan
akan berkuatkuasa dalam tempoh dua belas bulan yang menyusul selepas akhir tahun kewangan ini yang boleh
atau mungkin menjejaskan dengan nyata kemampuan Kumpulan atau Syarikat menyelesaikan tanggungan mereka
apabila tiba masanya.
Para Pengarah berpendapat keputusan kendalian Kumpulan dan Syarikat bagi tahun berakhir 30hb September,
1999 tidak terjejas dengan nyata oleh sebarang perkara, urusniaga atau hal penting dan luar biasa selain daripada
butir terkecuali dicatatkan di dalam Nota Akaun 5 dan juga tiada perkara, urusniaga atau hal seperti tersebut telah
wujud dalam tempoh masa di antara akhir tahun kewangan dan tarikh laporan ini.
JURUAUDIT
Juruaudit yang akan bersara, KPMG (dahulu dikenali sebagai KPMG Peat Marwick), telah memberi persetujuan
mereka untuk dilantik semula.
Bagi Pihak Lembaga Pengarah
DATO’ LEE OI HIAN
(Pengerusi Eksekutif)
YEOH CHIN HIN
(Pengarah)
Ipoh, Perak Darul Ridzuan,
Malaysia.
3hb Januari, 2000.
17
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Akaun Untung Rugi Disatukan
bagi tahun berakhir 30hb September, 1999
Nota
Perolehan
2
Kos penjualan
Keuntungan kendalian
Pendapatan pelaburan
Butir terkecuali
Bahagian keuntungan dari syarikat-syarikat bersekutu
Keuntungan sebelum cukai
Cukai
3
4
5
6
Keuntungan selepas cukai
Kepentingan pemegang saham minoriti
Kepentingan selepas cukai dan kepentingan pemegang saham
minoriti
Keuntungan belum dibahagikan dibawa ke hadapan
Keuntungan tersedia untuk dibahagikan
Pembatalan saham dibeli balik
Pembahagian:Dividen
Simpanan
7
20
RM’000
2,404,255
–––––––––––––
–––––––––––––
2,334,725
–––––––––––––
–––––––––––––
1,602,178
–––––––––––––
–––––––––––––
1,550,959
–––––––––––––
–––––––––––––
289,650
27,999
2,986
78,691
–––––––––––––
399,326
20,690
–––––––––––––
378,636
(8,230)
–––––––––––––
247,216
41,579
5,838
73,310
–––––––––––––
367,943
109,808
–––––––––––––
258,135
15,829
–––––––––––––
370,406
830,305
–––––––––––––
1,200,711
(1,284)
–––––––––––––
1,199,427
273,964
712,816
–––––––––––––
986,780
–––––––––––––
986,780
102,266
11,704
113,970
–––––––––––––
1,085,457
Bahagian dari syarikat bersekutu:Muhibah dihapuskira
Ubahsuaian tukaran mata wang
Keuntungan yang belum dibahagikan di hantar ke hadapan
5,446
20
Terkumpul oleh:Syarikat induk
Syarikat-syarikat subsidiari
Syarikat-syarikat bersekutu
Pendapatan sesaham
21
1998
RM’000
128,265
22,512
150,777
–––––––––––––
836,003
(233)
(5,465)
5,446
–––––––––––––
1,090,903
–––––––––––––
–––––––––––––
(5,698)
–––––––––––––
830,305
–––––––––––––
–––––––––––––
645,764
335,119
110,020
–––––––––––––
1,090,903
–––––––––––––
–––––––––––––
489,893
255,839
84,573
–––––––––––––
830,305
–––––––––––––
–––––––––––––
Sen
52.1
–––––––––––––
–––––––––––––
Sen
38.4
–––––––––––––
–––––––––––––
Nota-nota di halaman 25 hingga 44 merupakan sebahagian dari
akaun-akaun ini dan haruslah dibaca bersekali dengannya.
18
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Kunci Kira-Kira Disatukan
pada 30hb September, 1999
Nota
HARTA TETAP
KEMAJUAN HARTANAH
SYARIKAT BERSEKUTU
PELABURAN LAIN
HARTA TAK KETARA
MUHIBAH PADA PENYATUAN
HARTA SEMASA
Stok
Siberhutang perniagaan
Siberhutang lain
Deposit
Tunai dan baki di bank
1,954,493
66,010
580,574
61,310
23,347
14,929
–––––––––––––
2,700,663
1,894,870
65,391
573,287
42,660
24,331
–––––––––––––
2,600,539
13
330,598
166,813
85,262
485,605
32,948
–––––––––––––
1,101,226
–––––––––––––
354,785
182,391
90,179
391,204
51,126
–––––––––––––
1,069,685
–––––––––––––
92,402
130,015
28,182
71,753
6,969
59,521
624
71,586
–––––––––––––
461,052
113,747
125,747
102,667
35,234
58,872
44,921
2,275
97,472
–––––––––––––
580,935
640,174
–––––––––––––
3,340,837
–––––––––––––
–––––––––––––
488,750
–––––––––––––
3,089,289
–––––––––––––
–––––––––––––
712,516
2,518,245
–––––––––––––
3,230,761
12,382
–––––––––––––
3,218,379
92,092
9,318
9,515
7,424
4,109
–––––––––––––
3,340,837
–––––––––––––
–––––––––––––
712,801
2,243,088
–––––––––––––
2,955,889
–––––––––––––
2,955,889
100,537
7,391
8,735
9,331
7,406
–––––––––––––
3,089,289
–––––––––––––
–––––––––––––
16
17
18
HARTA SEMASA BERSIH
Dibiayai oleh:MODAL SAHAM
SIMPANAN
19
20
Tolak: KOS SAHAM PERBENDAHARAAN
KEPENTINGAN PEMEGANG SAHAM MINORITI
CUKAI TERTUNDA
PERUNTUKAN GANJARAN PERSARAAN
PAJAKAN KEWANGAN
PINJAMAN BERPENGGAL
1998
RM’000
8
9
11
12
14
15
Tolak:TANGGUNGAN SEMASA
Sipiutang perniagaan
Sipiutang lain
Cukai
Overdraf bank
Pinjaman berpenggal
Pinjaman jangka pendek
Pajakan kewangan
Dividen (bersih)
RM’000
22
17
Nota-nota di halaman 25 hingga 44 merupakan sebahagian dari
akaun-akaun ini dan haruslah dibaca bersekali dengannya.
19
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Akaun Untung Rugi Syarikat Induk
bagi tahun berakhir 30hb September, 1999
Nota
Perolehan
2
Kos penjualan
Keuntungan kendalian
Pendapatan pelaburan
Butir terkecuali
3
4
5
Keuntungan sebelum cukai
Cukai
6
Keuntungan selepas cukai
Keuntungan belum dibahagikan dibawa ke hadapan
Keuntungan boleh dibahagikan
Pembatalan saham dibeli balik
PembahagianDividen
Simpanan
7
20
Keuntungan belum dibahagikan di hantar ke hadapan
20
RM’000
1998
RM’000
612,287
–––––––––––––
–––––––––––––
625,605
–––––––––––––
–––––––––––––
265,768
–––––––––––––
–––––––––––––
296,783
–––––––––––––
–––––––––––––
102,436
196,822
3,515
–––––––––––––
302,773
39,837
–––––––––––––
262,936
489,893
–––––––––––––
752,829
(1,284)
–––––––––––––
751,545
102,255
179,381
9,268
–––––––––––––
290,904
71,952
–––––––––––––
218,952
408,474
–––––––––––––
627,426
–––––––––––––
627,426
102,266
3,515
105,781
–––––––––––––
645,764
–––––––––––––
–––––––––––––
128,265
9,268
137,533
–––––––––––––
489,893
–––––––––––––
–––––––––––––
Nota-nota di halaman 25 hingga 44 merupakan sebahagian dari
akaun-akaun ini dan haruslah dibaca bersekali dengannya.
20
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Kunci Kira-Kira Syarikat Induk
pada 30hb September, 1999
Nota
HARTA TETAP
SYARIKAT SUBSIDIARI
SYARIKAT BERSEKUTU
PELABURAN LAIN
HARTA SEMASA
Stok
Siberhutang perniagaan
Siberhutang lain
Deposit
Tunai dan baki di bank
646,184
1,804,260
94,735
652
–––––––––––––
2,545,831
646,424
1,763,678
87,709
652
–––––––––––––
2,498,463
13
14,720
7,016
52,469
354,620
2,226
–––––––––––––
431,051
–––––––––––––
17,460
8,358
29,164
326,180
4,924
–––––––––––––
386,086
–––––––––––––
4,868
34,649
71,586
–––––––––––––
111,103
10,027
40,672
54,379
97,472
–––––––––––––
202,550
319,948
–––––––––––––
2,865,779
–––––––––––––
–––––––––––––
183,536
–––––––––––––
2,681,999
–––––––––––––
–––––––––––––
712,516
2,119,884
–––––––––––––
2,832,400
12,382
–––––––––––––
2,820,018
39,174
6,587
–––––––––––––
2,865,779
–––––––––––––
–––––––––––––
712,801
1,961,137
–––––––––––––
2,673,938
–––––––––––––
2,673,938
2,144
5,917
–––––––––––––
2,681,999
–––––––––––––
–––––––––––––
Tolak:TANGGUNGAN SEMASA
Sipiutang perniagaan
Sipiutang lain
Cukai
Dividen (bersih)
HARTA SEMASA BERSIH
19
20
Tolak: KOS SAHAM PERBENDAHARAAN
CUKAI TERTUNDA
PERUNTUKAN GANJARAN PERSARAAN
1998
RM’000
8
10
11
12
15
Dibiayai oleh:MODAL SAHAM
SIMPANAN
RM’000
22
Nota-nota di halaman 25 hingga 44 merupakan sebahagian dari
akaun-akaun ini dan haruslah dibaca bersekali dengannya.
21
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Penyata Aliran Tunai Disatukan
bagi tahun berakhir 30hb September, 1999
ALIRAN TUNAI DARIPADA AKTIVITI KENDALIAN
Keuntungan sebelum cukai
Ubahsuaian untuk:Susut nilai
Pelunasan tanah pegangan pajak
Harta tetap dihapuskira
Rugi dari lupusan harta tetap
Peruntukan ganjaran persaraan
Perbelanjaan faedah
Pendapatan dividen
Pendapatan faedah
Butir terkecuali
Bahagian keuntungan syarikat-syarikat bersekutu
Keuntungan operasi sebelum perubahan dalam modal kerja
Perubahan dalam modal kerja:Stok
Siberhutang
Sipiutang
Tunai dijanakan daripada aktiviti kendalian
Faedah dibayar
Cukai dibayar
Ganjaran persaraan dibayar
Tunai bersih daripada aktiviti kendalian
ALIRAN TUNAI DARIPADA AKTIVITI PELABURAN
Pembelian harta tetap
Perbelanjaan pembangunan perladangan
Perbelanjaan kemajuan hartanah
Pembelian subsidiari, tunai bersih diperolehi
Pembelian saham tambahan di subsidiari
Pelaburan dalam syarikat sekutu
Perolehan pelaburan
Penjualan harta tetap
Penjualan harta
Pampasan dari Kerajaan bagi tanah yang diambilalih
Pelupusan sebuah subsidiari
Penjualan pelaburan
(Pendahuluan kepada)/Pembayaran balik dari syarikat bersekutu
Dividen diterima dari syarikat bersekutu
Dividen diterima dari pelaburan
Faedah diterima
Pembubaran sebuah syarikat sekutu
Pelupusan pelaburan
Tunai bersih digunakan dalam aktiviti pelaburan
RM’000
1998
RM’000
399,326
367,943
73,463
9,082
165
213
1,317
9,500
(4,345)
(23,654)
(2,986)
(78,691)
–––––––––––––
383,390
77,907
7,023
2,082
2,479
2,764
16,160
(5,320)
(36,259)
(5,838)
(73,310)
–––––––––––––
355,631
14,837
14,204
12,661
–––––––––––––
425,092
(9,580)
(77,212)
(537)
–––––––––––––
337,763
–––––––––––––
–––––––––––––
(32,576)
(43,384)
17,718
–––––––––––––
297,389
(16,160)
(71,749)
(2,354)
–––––––––––––
207,126
–––––––––––––
–––––––––––––
(110,734)
(36,248)
(619)
(25,316)
(16,843)
(17)
(21,707)
2,416
1,984
4,612
(5,889)
28,753
(438)
15,331
2,995
23,026
100
–––––––––––––
(138,594)
–––––––––––––
–––––––––––––
(112,894)
(31,690)
(7)
(4,521)
(2,934)
(34,334)
(23,246)
1,528
13,643
(843)
52,817
1,397
9,593
2,993
33,588
2,920
390
–––––––––––––
(91,600)
–––––––––––––
–––––––––––––
22
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Penyata Aliran Tunai Disatukan
bagi tahun berakhir 30hb September, 1999
(Bersambung)
RM’000
ALIRAN TUNAI DARIPADA AKTIVITI PEMBIAYAAN
Pengeluaran pinjaman jangka pendek
Pinjaman berpenggal diterima
Pembayaran balik pinjaman berpenggal
Pembayaran pajakan kewangan
Dividen dibayar oleh syarikat induk
Dividen dibayar kepada pemegang saham minoriti
Terbitan saham oleh syarikat subsidiari kepada pemegang saham minoriti
Pemulangan modal kepada pemegang saham minoriti
Tebusan saham keutamaan kumulatif
Pembelian balik saham sendiri
Tunai bersih digunakan dalam aktiviti pembiayaan
Tambahan bersih dalam tunai dan kesetaraan tunai
Tunai dan kesetaraan tunai pada awal tahun
Tunai dan kesetaraan tunai pada akhir tahun
NOTA PADA PENYATA ALIRAN TUNAI YANG DISATUKAN
A. TUNAI DAN KESETARAAN TUNAI
Tunai dan kesetaraan tunai mengandungi:Tunai dan baki di bank
Deposit
Overdraf bank
Tunai dan kesetaraan tunai
Kesan perubahan bagi kadar tukaran wang
Tunai dan kesetaraan tunai dinyatakan semula
B.
ANALISIS PEMEROLEHAN SYARIKAT-SYARIKAT SUBSIDIARI
Nilai wajar bagi harta dan tanggungan untuk syarikat subsidiari yang
diambilalih adalah seperti berikut:Harta tetap
Harta semasa
Tanggungan semasa
Cukai tertunda
Saham keutamaan kumulatif
Kepentingan minoriti
Harta bersih diambilalih
Muhibah pada perolehan
Jumlah harga perolehan
Tolak: Tunai dan baki di bank
Aliran tunai pada perolehan, tunai bersih diambilalih
1998
RM’000
14,600
27,809
(45,410)
(3,416)
(128,152)
(2,378)
279
(2,039)
(10,000)
(13,666)
–––––––––––––
(162,373)
–––––––––––––
–––––––––––––
5,668
65,246
(100,821)
(1,606)
(82,115)
(1,427)
4,920
–––––––––––––
(110,135)
–––––––––––––
–––––––––––––
36,796
410,004
–––––––––––––
446,800
–––––––––––––
–––––––––––––
5,391
401,705
–––––––––––––
407,096
–––––––––––––
–––––––––––––
32,948
485,605
(71,753)
–––––––––––––
446,800
–––––––––––––
446,800
–––––––––––––
–––––––––––––
51,126
391,204
(35,234)
–––––––––––––
407,096
2,908
–––––––––––––
410,004
–––––––––––––
–––––––––––––
18,022
13,465
(6,641)
(774)
(10,000)
–––––––––––––
14,072
11,784
–––––––––––––
25,856
(540)
–––––––––––––
25,316
–––––––––––––
–––––––––––––
1,714
2,880
(15)
(89)
–––––––––––––
4,490
31
–––––––––––––
4,521
–––––––––––––
4,521
–––––––––––––
–––––––––––––
23
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Penyata Aliran Tunai Disatukan
bagi tahun berakhir 30hb September, 1999
(Bersambung)
RM’000
C.
ANALISIS PELUPUSAN SEBUAH SUBSIDIARI
Nilai wajar bagi harta dan tanggungan untuk syarikat subsidiari
yang dilupuskan adalah seperti berikut:Harta tetap
Harta semasa
Tanggungan semasa
Kepentingan minoriti
Simpanan pertukaran wang
Pinjaman berpenggal
Tanggungan bersih
Untung/(Rugi) pada lupusan
Pemindahan ke pelaburan dalam syarikat sekutu
Aliran tunai pada pelupusan
37,650
30,676
(33,416)
(5,199)
(1,107)
(37,199)
–––––––––––––
(8,595)
3,774
(1,068)
–––––––––––––
(5,889)
–––––––––––––
–––––––––––––
1998
RM’000
248
17,533
(17,812)
(737)
–––––––––––––
(768)
(75)
–––––––––––––
(843)
–––––––––––––
–––––––––––––
Nota-nota di halaman 25 hingga 44 merupakan sebahagian dari
akaun-akaun ini dan haruslah dibaca bersekali dengannya.
24
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Nota-Nota Akaun
1.
DASAR PERAKAUNAN
Dasar-dasar perakaunan penting bagi Syarikat dan syarikat-syarikat subsidiarinya diringkaskan seperti
berikut:1.1
Asas perakaunan
Akaun-akaun ini telah disediakan menurut konvensyen kos silam, diubahsuaikan untuk penilaian harta
tetap dan pelaburan yang tertentu pada nilaian dan mematuhi standard perakaunan yang diterima
pakai di Malaysia dan peruntukan dalam Akta Syarikat, 1965.
1.2
Asas penyatuan
Akaun untung rugi disatukan dan kunci kira-kira disatukan mengandungi akaun-akaun Syarikat dan
semua syarikat subsidiarinya pada penutup tahun kewangan, kecuali sebuah syarikat subsidiari di
bawah pembubaran ahli secara sukarela. Segala urusniaga antara syarikat dimansuhkan pada
penyatuan.
Keputusan dari syarikat-syarikat subsidiari yang diperolehi dalam tahun ini telah dimasukkan dalam
akaun Kumpulan berkuatkuasa dari tarikh mereka diperolehi.
Muhibah atau simpanan dari penyatuan merupakan perbezaan di antara kos saham diperolehi dalam
syarikat subsidiari dan nilai adil berdasarkan harta bersih diperolehi pada tarikh perolehan. Muhibah
dinyatakan pada kos dan tidak dilunaskan.
1.3
Syarikat bersekutu
Syarikat aktif berniaga, di mana ekuitinya dipegang oleh Kumpulan sebagai kepentingan
jangkapanjang di antara 20% hingga 50% dan terdapat penyertaan dalam pengurusan melalui
perwakilan dalam Lembaga Pengarah, adalah dianggap sebagai syarikat bersekutu Kumpulan.
Bahagian keputusan perniagaan selepas pengambilan dan simpanan bagi syarikat-syarikat bersekutu
Kumpulan telah diambilkira dalam akaun-akaun disatukan dan berdasarkan kepada akaun terbaru yang
telah diaudit dan laporan interim yang telah diterbitkan bagi syarikat yang disenaraikan dan
berdasarkan akaun-akaun terbaru yang telah diaudit dan akaun pengurusan yang belum diaudit bagi
syarikat yang tidak disenaraikan.
1.4
Harta tetap
(a)
Susutnilai dan pelunasan
Harta tetap telah disusutnilaikan secara purata lurus ke atas jangkamasa hayat penggunaannya
melainkan tanah milikbebas yang mana susutnilai tidak diperuntukkan.
Tanah milikbebas dan bangunan pada nilaian, di mana susutnilai bangunan tidak diperuntukkan
adalah berkaitan dengan sebuah subsidiari seberang laut di mana hartanah tersebut dipegang
sebagai hartanah pelaburan. Hartanah pelaburan tersebut dinilai semula tiap-tiap tahun oleh
para Pengarah dan jumlah lebihan atau kurangan dipindah ke simpanan nilaian semula.
Kadar susutnilai utama adalah seperti berikut:Hartanah milikpajak
-
Jentera kilang kelapa sawit
Loji dan jentera
Kenderaan
Perabot, kelengkapan dan peralatan
Bangunan dan kilang
Rumah pekerja
Kolam effluen, jalan dan jambatan
-
Dilunaskan dengan jumlah sama rata pada tiap-tiap
tahun ke atas baki tempoh pajakan.
10% setahun
8 hingga 20% setahun
20 hingga 25% setahun
10 hingga 33 1/3% setahun
2 hingga 10% setahun
10% setahun
5 hingga 10% setahun
25
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Nota-Nota Akaun
(b)
(c)
(d)
1.5
(Bersambung)
Perbelanjaan tanaman baru
Perbelanjaan tanaman baru bersabit dengan mencerang tanah dan senggaraan pokok-pokok
sehingga matang telah dipermodalkan di bawah Pembangunan Perladangan dan perbelanjaan
tersebut tidak dilunaskan selain daripada pajakan tanah tempoh jangka pendek di Indonesia di
mana Pembangunan Perladangan dilunaskan ke atas jangkamasa hayat pajakan.
Perbelanjaan tanaman semula
Perbelanjaan tanaman semula diambilkira dalam akaun untung rugi pada tahun di mana
perbelanjaan tersebut berlaku.
Pelupusan harta tetap
Untung atau rugi dari pelupusan harta tetap telah dimasukkan dalam akaun untung rugi.
Pajakan
Harta diperolehi di bawah perjanjian pajakan kewangan adalah diambilkira dalam harta tetap dan
unsur modal pada komitmen pajakan adalah ditunjukkan sebagai pajakan kewangan.
Harta pajakan adalah disusutnilaikan mengikut jangka hayat penggunaannya dan jangkaan pajakan
yang mana lebih pendek.
1.6
Kemajuan hartanah
Kemajuan hartanah terdiri daripada tanah milikbebas yang dimiliki untuk pembangunan masa depan
dan dicatatkan pada kos dan merangkumi segala kos yang dikenakan dalam aktiviti-aktiviti yang perlu
untuk menyediakan tanah tersebut bagi penggunaan yang ditujuinya.
1.7
Harta tak ketara
Semua harta ini berkaitan dengan cap dagang dicatatkan pada kos. Pada pandangan para Pengarah,
tiada penulasan diperuntukkan atas harta ini kerana ia tiada penggunaan hayat ekonomi yang
terbatas.
1.8
Stok
Stok pengeluaran telah dinyatakan pada nilai terendah dari kos dan jangkaan nilaian bersih dari jualan.
Kos termasuk perbelanjaan perkilangan yang mana berkenaan dan ditentukan berasas purata
timbunan.
Tanaman bertumbuh dinilaikan pada kos benih, baja dan semburan.
Ternakan binatang (biri-biri) dinilaikan pada jangkaan nilaian bersih dari jualan.
Barang simpanan dan bahan-bahan dinilaikan pada kos purata timbunan.
1.9
Penetapan pengembalian ses tanaman semula
Ses tanaman semula yang akan dikembalikan diambilkira dalam akaun sehubungan dengan jumlah
hasil yang boleh didapat dalam tahun berkenaan.
1.10
Pelaburan
(a)
Pendapatan pelaburan
Pendapatan pelaburan dari syarikat-syarikat subsidiari dimasukkan ke dalam akaun untung rugi
atas dasar akan terima. Pendapatan pelaburan dari pelaburan lain dimasukkan atas dasar telah
terima.
(b)
Pelupusan pelaburan
Untung rugi dari pelupusan pelaburan jangka panjang dimasukkan ke dalam akaun untung rugi
sebagai butir terkecuali.
(c)
Nilai pelaburan
Pelaburan dalam syarikat subsidiari dan sekutu telah dicatatkan pada kos atau nilaian Pengarah
kecuali nilai pasaran lebih rendah dari nilai buku dan pada pendapat para Pengarah penurunan
tetap dalam nilai telah berlaku.
Pelaburan lain telah dicatatkan pada kos kecuali nilai pasaran lebih rendah daripada kos yang
mana penurunan nilai diperuntukan.
26
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Nota-Nota Akaun
(Bersambung)
1.11
Cukai tertunda
Peruntukan untuk cukai tertunda diambil kira melalui kaedah tanggungan mengikut perbezaan suai
masa di antara cara perakaunan dan cukai terhadap susutnilai dan elaun modal masing-masing pada
harta tetap dan untuk perbezaan suai masa lain di mana tiada tanggungan dijangka berbangkit pada
masa depan. Faedah cukai tertunda dari kerugian cukai dan elaun modal yang belum digunakan
hanya diiktirafkan bila ia dijangka dilakukan pada masa akan datang.
1.12
Tukaran mata wang
Urusniaga mata wang asing telah ditukarkan pada kadar yang terdapat di masa urusniaga dijalankan.
Harta dan tanggungan dalam matawang asing telah ditukarkan ke Ringgit Malaysia pada kadar di
tarikh kunci kira-kira. Di mana kontrak penukaran masa depan telah ditetapkan berhubung dengan
harta dan tanggungan, kadar pertukaran kontrak digunakan.
Segala perbezaan tukaran telah dimasukkan dalam akaun untung rugi kecuali untuk harta jangka
panjang dicatat di bawah “Akaun Tidak Tetap Tukaran Matawang”.
Harta dan tanggungan subsidiari asing ditukarkan kepada Ringgit Malaysia pada kadar pertukaran di
tarikh kunci kira-kira. Keputusan syarikat-syarikat subsidiari dan sekutu telah ditukarkan pada kadar
purata pertukaran sepanjang tahun. Perbezaan pertukaran berbangkit dari pertukaran harta dan
tanggungan pada kadar pertukaran di tarikh kunci kira-kira dan keputusan pada kadar purata
pertukaran sepanjang tahun, dan catatan semula pembukaan pelaburan bersih dalam syarikat
subsidiari dan sekutu pada kadar di tarikh kunci kira-kira dicatatkan dalam “Akaun Tidak Tetap Tukaran
Matawang”.
1.13
2.
Perbelanjaan penyelidikan dan pembangunan
Segala perbelanjaan untuk penyelidikan dan pembangunan am dimasukkan dalam akaun untung rugi
dalam tahun di mana perbelanjaan tersebut dilakukan.
PEROLEHAN
Kumpulan
1999
1998
RM’000
RM’000
Barangan sawit
Getah
Biji koko
Perkilangan
Penjualan runcit
Pendapatan pelaburan
Lain-lain
950,015
78,689
3,133
845,543
490,983
27,999
7,893
–––––––––––
2,404,255
–––––––––––
–––––––––––
966,613
93,198
3,141
712,820
508,880
41,579
8,494
–––––––––––
2,334,725
–––––––––––
–––––––––––
Syarikat
1999
RM’000
341,630
70,097
3,738
196,822
–––––––––––
612,287
–––––––––––
–––––––––––
1998
RM’000
360,055
82,089
4,080
179,381
–––––––––––
625,605
–––––––––––
–––––––––––
Perolehan untuk Kumpulan terdiri dari jualan kepada pihak ketiga sahaja.
27
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Nota-Nota Akaun
3.
(Bersambung)
KEUNTUNGAN KENDALIAN
Kumpulan
1999
1998
RM’000
RM’000
Syarikat
1999
RM’000
1998
RM’000
Keuntungan kendalian sebelum cukai dihitung
setelah ditolak dan (dicampur) perkaraperkara berikut:Pembayaran kepada para Pengarah
- peruntukan yuran
708
- ganjaran lain
1,303
Bayaran juruaudit
1,484
Sewaan loji dan jentera
3,581
Sewaan bangunan
57,365
Overdraf dan faedah lain
6,637
Faedah pinjaman berpenggal
2,863
Pelunasan tanah milikpajak (Nota 8)
9,082
Susutnilai (Nota 8)
73,463
Perbelanjaan tanaman semula
44,865
Harta tetap dihapuskira
165
Perbelanjaan penyelidikan dan pembangunan
2,291
Peruntukan ganjaran persaraan
1,317
Untung dalam tukaran mata wang asing
(1,208)
Rugi/(Untung) dari jualan harta tetap
213
Pendapatan sewa dari tanah dan bangunan
(1,349)
–––––––––––
–––––––––––
4.
612
2,778
2,146
6,696
58,328
9,693
6,467
7,023
77,907
34,569
2,082
5,288
1,164
(6,020)
2,479
(1,545)
–––––––––––
–––––––––––
666
1,303
65
600
388
8,908
24,754
139
2,291
1,122
(1,208)
(177)
(201)
–––––––––––
–––––––––––
581
2,778
65
426
388
8,795
24,656
492
2,080
681
(945)
(64)
(132)
–––––––––––
–––––––––––
PENDAPATAN PELABURAN
Kumpulan
1999
1998
RM’000
RM’000
Penerimaan dividen kasar dari:Saham tersiarharga di Malaysia
Saham tersiarharga di luar Malaysia
Saham tidak siarharga
Dividen dari subsidiari tidak diisytiharkan
Dividen dari syarikat bersekutu:Tersiarharga di luar Malaysia
Tidak diisytiharkan
Faedah
947
1,963
1,435
23,654
–––––––––––
27,999
–––––––––––
–––––––––––
863
3,187
1,270
36,259
–––––––––––
41,579
–––––––––––
–––––––––––
Syarikat
1999
RM’000
1998
RM’000
1,435
145,202
1,270
102,662
22,724
150
27,311
–––––––––––
196,822
–––––––––––
–––––––––––
22,912
1,800
50,737
–––––––––––
179,381
–––––––––––
–––––––––––
28
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Nota-Nota Akaun
5.
6.
(Bersambung)
BUTIR TERKECUALI
Kumpulan
1999
1998
RM’000
RM’000
Lebihan dari pengambilan tanah oleh Kerajaan
4,007
1,639
Lebihan dari jualan tanah
7,604
Lebihan dari jualan harta
1,225
Untung/(Rugi) dari penjualan sebuah subsidiari
3,774
(75)
Lebihan dari penjualan pelaburan
6,371
10,716
Lebihan dari pembubaran syarikat bersekutu
100
716
Lebihan dari pelupusan pelaburan
176
Peruntukan bagi penurunan nilai di syarikat bersekutu (1,068)
Peruntukan bagi penurunan nilai pelaburan
(8,363)
Ambil kira semula peruntukan bagi penurunan
nilai pelaburan
5,713
Bahagian butir terkecuali syarikat bersekutu
(17,136)
(6,575)
––––––––––
––––––––––
2,986
5,838
––––––––––
––––––––––
––––––––––
––––––––––
CUKAI
Kumpulan
1999
1998
RM’000
RM’000
Cukai Malaysia
Cukai luar negeri
Pindahan ke/(dari) cukai tertunda
Ditolak:- Peruntukan lebih dalam tahun-tahun
sebelumnya
653
2,559
1,084
––––––––––
4,296
83,887
4,878
842
––––––––––
89,607
Syarikat
1999
RM’000
1998
RM’000
3,415
100
-
568
7,604
920
176
-
––––––––––
3,515
––––––––––
––––––––––
––––––––––
9,268
––––––––––
––––––––––
Syarikat
1999
RM’000
1998
RM’000
23,600
3,304
37,030
––––––––––
63,934
67,516
4,796
(360)
––––––––––
71,952
(1,316)
(287)
(24,097)
––––––––––
––––––––––
––––––––––
––––––––––
2,980
89,320
39,837
71,952
Dicampur:- Bahagian cukai syarikat bersekutu
17,710
20,488
––––––––––
––––––––––
––––––––––
––––––––––
20,690
109,808
39,837
71,952
––––––––––
––––––––––
––––––––––
––––––––––
––––––––––
––––––––––
––––––––––
––––––––––
Syarikat mempunyai kredit cukai yang mencukupi di bawah Seksyen 108, Akta Cukai Pendapatan, 1967
untuk membayar dividen bersih lebih kurang RM286 juta (1998: RM391 juta) dari simpanan yang boleh
dibahagikan dengan tidak mengenakan cukai tambahan.
Tertakluk kepada persetujuan Lembaga Hasil Dalam Negeri, Syarikat mempunyai keuntungan lebih kurang
RM270 juta (1998: RM110 juta) dikecualikan dari cukai yang boleh dibahagikan sebagai dividen dikecualikan
dari cukai.
Cukai Syarikat adalah berkaitan dengan pendapatan dividen yang kena cukai. Tiada cukai dikenakan di tahun
kewangan semasa berhubung dengan segala pendapatan perniagaan kerana pendapatan tahun 1999
dikecualikan daripada cukai seperti diperuntukan di Akta (Pindaan) Cukai Pendapatan, 1999.
7.
DIVIDEN
Dividen interim 6 sen kasar sesaham ditolak 28% cukai pendapatan
(1998: 6 sen kasar sesaham ditolak 28% cukai pendapatan)
Dicadangkan dividen akhir 9 sen kasar sesaham ditolak 28% cukai
pendapatan (1998: 9 sen kasar sesaham ditolak 28% cukai pendapatan)
Dicadangkan dividen khas 5 sen kasar sesaham ditolak 28% cukai
pendapatan (1998: 10 sen kasar sesaham ditolak 28% cukai pendapatan)
Kumpulan dan Syarikat
1999
1998
RM’000
RM’000
30,680
30,793
46,020
46,171
25,566
––––––––––
102,266
––––––––––
––––––––––
51,301
––––––––––
128,265
––––––––––
––––––––––
29
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Nota-Nota Akaun
8.
(Bersambung)
HARTA TETAP
Tanah
Milikbebas
dan
Bangunan
RM’000
KUMPULAN
Kos atau nilaian
Pada awal tahun
Klasifikasi semula
Tambahan
Lupusan/Hapuskira
Perolehan subsidiari
Lupusan subsidiari
Ubahsuaian pertukaran
Pada akhir tahun
Susutnilai terkumpul
Pada awal tahun
Caj untuk tahun
Lupusan/Hapuskira
Perolehan subsidiari
Lupusan subsidiari
Ubahsuaian pertukaran
Pada akhir tahun
Tanah Pembangunan
Pajakan Perladangan
RM’000
RM’000
Bangunan
Lain
RM’000
Loji,
Jentera,
Kenderaan,
dll.
RM’000
Jumlah
RM’000
299,306
209,878
918,105
231,081
714,979
2,373,349
11
(11)
3,836
22,731
36,248
5,306
78,861
146,982
(914)
(3,427)
(797)
(2,994)
(13,798)
(21,930)
2,812
7,100
16,480
26,392
(4,803)
(14,155)
(29,213)
(48,171)
(1,759)
1,946
17,850
4,340
(80)
22,297
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
300,469
229,137
971,406
230,689
767,218
2,498,919
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
7,848
26,496
124,626
319,509
478,479
2,504
9,082
1,482
10,079
59,398
82,545
(250)
(3,035)
(1,284)
(11,794)
(16,363)
109
1,451
6,810
8,370
(408)
(1,908)
(8,205)
(10,521)
2,642
683
30
200
(1,639)
1,916
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
12,744
32,927
1,512
133,164
364,079
544,426
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Nilai buku bersih
Pada 30hb September, 1999 287,725
196,210
969,894
97,525
403,139
1,954,493
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Pada 30hb September, 1998 291,458
183,382
918,105
106,455
395,470
1,894,870
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Harta tetap pada kos
atau nilaian adalah
berikut:Kos
Nilaian
210,649
119,622
721,844
230,408
767,213
2,049,736
89,820
109,515
249,562
281
5
449,183
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
300,469
229,137
971,406
230,689
767,218
2,498,919
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
1999
RM’000
Nilai buku bersih tanah pajakan termasuk:
Jangka panjang
Jangka pendek
1998
RM’000
136,613
132,206
59,597
51,176
––––––––––––––––––––––
196,210
183,382
––––––––––––––––––––––
––––––––––––––––––––––
30
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Nota-Nota Akaun
(Bersambung)
Tanah
Milikbebas
dan
Bangunan
RM’000
SYARIKAT
Kos atau nilaian
Pada awal tahun
Klasifikasi semula
Tambahan
Lupusan/Hapuskira
Pada akhir tahun
Susutnilai terkumpul
Pada awal tahun
Caj untuk tahun
Lupusan/Hapuskira
Pada akhir tahun
Tanah Pembangunan
Pajakan Perladangan
RM’000
RM’000
Bangunan
Lain
RM’000
Loji,
Jentera,
Kenderaan,
dll.
RM’000
Jumlah
RM’000
148,504
35,883
436,477
65,256
109,343
795,463
10
(10)
1,830
7,854
9,684
(76)
(287)
(697)
(2,359)
(3,419)
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
148,428
35,883
436,190
66,399
114,828
801,728
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
7,187
50,910
90,942
149,039
388
2,266
6,642
9,296
(628)
(2,163)
(2,791)
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
7,575
52,548
95,421
155,544
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Nilai buku bersih
Pada 30hb September, 1999 148,428
28,308
436,190
13,851
19,407
646,184
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Pada 30hb September, 1998 148,504
28,696
436,477
14,346
18,401
646,424
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Harta tetap pada kos
atau nilaian adalah
berikut:
Kos
75,660
238,102
66,399
114,828
494,989
Nilaian
72,768
35,883
198,088
306,739
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
148,428
35,883
436,190
66,399
114,828
801,728
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Nilai buku bersih harta dinilai semula Kumpulan dan Syarikat sekiranya harta tersebut dibawa ke hadapan
pada kos ditolak susutnilai adalah RM159.3 juta (1998: RM161.4 juta) dan RM103.7 juta (1998: RM104.0
juta) masing-masing.
Nilai buku bersih bagi harta sebuah syarikat subsidiari dimiliki di bawah pajakan kewangan berjumlah RM2.6
juta (1998: RM2.9 juta).
Tanah milikbebas, tanah milikpajak dan perbelanjaan pembangunan perladangan yang dinyatakan menurut
nilaian Pengarah pada 1hb Oktober, 1980 adalah berasaskan pendapat nilaian melalui “Investment Method
Approach”, oleh sebuah firma Jurukur Berkanun profesional pada 22hb. November, 1979. Tanah milikbebas
dan bangunan yang dinyatakan pada nilaian Pengarah pada 30hb September, 1992 adalah berasaskan nilai
pasaran terbuka oleh sebuah firma jurunilai profesional. Tanah milikpajak dan pembangunan perladangan
yang dimiliki oleh syarikat-syarikat subsidiari yang diperolehi pada tahun berakhir 30hb September, 1991,
telah dinilai semula oleh para Pengarah pada tahun 1990 berasaskan kaedah perbandingan. Tanah
milikbebas kepunyaan sebuah subsidiari luar negeri telah dinilai semula oleh para Pengarah berdasarkan
kegunaannya semasa dan telah dimasukkan dalam akaun. Perkara-perkara tambahan selepas itu telah
dinyatakan pada kos sedangkan hapusan dinyatakan pada nilaian atau kos yang mana wajar. Seperti yang
dibenarkan oleh peruntukan peralihan Piawaian Perakaunan Antarabangsa 16 – Harta, Jentera dan Peralatan
yang dikeluarkan oleh Lembaga Piawaian Perakaunan Malaysia, harta tersebut telah terus dinyatakan
berasas nilaian masing-masing.
Butir-butir hartanah Kumpulan adalah dicatatkan di muka surat 50 ke 55.
31
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Nota-Nota Akaun
9.
(Bersambung)
KEMAJUAN HARTANAH
Kumpulan
1999
1998
RM’000
RM’000
Tanah milikbebas pada kos
Perbelanjaan pembangunan
10.
58,660
7,350
–––––––––––
66,010
–––––––––––
–––––––––––
58,660
6,731
–––––––––––
65,391
–––––––––––
–––––––––––
SYARIKAT SUBSIDIARI
Syarikat
1999
RM’000
Saham tidak diisytiharkan pada kos
Pendahuluan kepada subsidiari
Pendahuluan dari subsidiari
796,273
1,046,886
(146,944)
–––––––––––
1,696,215
108,045
–––––––––––
1,804,260
–––––––––––
–––––––––––
Dividen akanterima
11.
1998
RM’000
762,023
935,688
(13,549)
–––––––––––
1,684,162
79,516
–––––––––––
1,763,678
–––––––––––
–––––––––––
SYARIKAT BERSEKUTU
Kumpulan
1999
1998
RM’000
RM’000
Saham pada kos
Dalam perbadanan yang tersiarharga
di luar negeri
Dalam perbadanan yang tidak diisytiharkan
Peruntukan untuk penurunan nilai
Simpanan selepas pengambilan alih
Jumlah dari syarikat bersekutu
Nilai pasaran saham
Dalam perbadanan yang tersiarharga
di luar negeri
Syarikat
1999
RM’000
1998
RM’000
156,322
67,560
–––––––––––
223,882
(1,068)
–––––––––––
222,814
356,330
1,430
–––––––––––
580,574
–––––––––––
–––––––––––
161,474
66,492
–––––––––––
227,966
–––––––––––
227,966
344,329
992
–––––––––––
573,287
–––––––––––
–––––––––––
90,803
3,872
–––––––––––
94,675
–––––––––––
94,675
60
–––––––––––
94,735
–––––––––––
–––––––––––
82,845
3,872
–––––––––––
86,717
–––––––––––
86,717
992
–––––––––––
87,709
–––––––––––
–––––––––––
610,875
–––––––––––
–––––––––––
481,346
–––––––––––
–––––––––––
559,396
–––––––––––
–––––––––––
426,203
–––––––––––
–––––––––––
32
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Nota-Nota Akaun
12.
(Bersambung)
PELABURAN LAIN
Kumpulan
1999
1998
RM’000
RM’000
Saham pada kos
Dalam perbadanan yang tersiarharga
di Malaysia
Dalam perbadanan yang tersiarharga
di luar negeri
Dalam perbadanan yang tidak diisytiharkan
Peruntukan untuk penurunan nilai
Nilai pasaran saham
Dalam perbadanan yang tersiarharga
13.
29,387
31,191
Syarikat
1999
RM’000
1998
RM’000
-
-
27,936
18,803
–––––––––––
76,126
(14,816)
–––––––––––
61,310
–––––––––––
–––––––––––
14,311
11,948
–––––––––––
57,450
(14,790)
–––––––––––
42,660
–––––––––––
–––––––––––
7,079
–––––––––––
7,079
(6,427)
–––––––––––
652
–––––––––––
–––––––––––
7,079
–––––––––––
7,079
(6,427)
–––––––––––
652
–––––––––––
–––––––––––
48,249
–––––––––––
–––––––––––
89,404
–––––––––––
–––––––––––
–––––––––––
–––––––––––
–––––––––––
–––––––––––
STOK
Kumpulan
1999
1998
RM’000
RM’000
Ini merupakan:Stok pengeluaran
Tanaman bertumbuh
Ternakan binatang
Barang simpanan dan bahan-bahan
203,564
1,291
2,658
123,085
–––––––––––
330,598
–––––––––––
–––––––––––
243,804
1,112
2,111
107,758
–––––––––––
354,785
–––––––––––
–––––––––––
Syarikat
1999
RM’000
1998
RM’000
8,983
5,737
–––––––––––
14,720
–––––––––––
–––––––––––
11,501
5,959
–––––––––––
17,460
–––––––––––
–––––––––––
14.
SIBERHUTANG LAIN
Siberhutang lain termasuk pinjaman RM145,000 (1998: RM109,000) diberi kepada pengarah berkhidmat
penuh masa dalam syarikat subsidiari mengikut syarat-syarat yang terkandung dalam Skim Pinjaman Rumah
yang diluluskan untuk semua pekerja yang layak dalam syarikat subsidiari tersebut.
15.
DEPOSIT
Kumpulan
1999
1998
RM’000
RM’000
Deposit dengan:Bank berlesen
Syarikat kewangan berlesen
363,358
122,247
–––––––––––
485,605
–––––––––––
–––––––––––
287,481
103,723
–––––––––––
391,204
–––––––––––
–––––––––––
Syarikat
1999
RM’000
294,000
60,620
–––––––––––
354,620
–––––––––––
–––––––––––
1998
RM’000
243,140
83,040
–––––––––––
326,180
–––––––––––
–––––––––––
33
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Nota-Nota Akaun
16.
(Bersambung)
OVERDRAF BANK
Kumpulan
1999
1998
RM’000
RM’000
Dicagar
Tidak dicagar
67,024
4,729
–––––––––––
71,753
–––––––––––
–––––––––––
28,719
6,515
–––––––––––
35,234
–––––––––––
–––––––––––
Overdraf bank telah dicagarkan melalui jaminan korporat dikeluarkan oleh Syarikat dan atas hartanah
syarikat-syarikat subsidiari tertentu.
17.
PINJAMAN BERPENGGAL
Kumpulan
1999
1998
RM’000
RM’000
Kena dibayar balik dalam tempoh 12 bulan:- Dicagarkan
- Tidak dicagarkan
Kena dibayar balik selepas 12 bulan (dicagarkan)
6,969
–––––––––––
6,969
4,109
–––––––––––
11,078
–––––––––––
–––––––––––
527
58,345
–––––––––––
58,872
7,406
–––––––––––
66,278
–––––––––––
–––––––––––
Kadar faedah yang dikenakan atas pinjaman berpenggal untuk tahun ini adalah dari 0.5% ke 1.0% (1998:
0.5% ke 1.5%) setahun lebih daripada kadar asas bank. Pinjaman berpenggal ini adalah dicagarkan melalui
jaminan korporat dikeluarkan oleh Syarikat dan atas harta syarikat-syarikat subsidiari tertentu.
18.
PINJAMAN JANGKA PENDEK
Kumpulan
1999
1998
RM’000
RM’000
Pinjaman pembiayaan semula kredit eksport
Penerimaan bank
40,795
18,726
–––––––––––
59,521
–––––––––––
–––––––––––
12,624
32,297
–––––––––––
44,921
–––––––––––
–––––––––––
Pinjaman jangka pendek tersebut tidak bercagar. Kadar faedah dan diskaun yang dikenakan adalah dari
2.80% ke 10.35% (1998: 7.00% ke 14.00%) setahun.
34
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Nota-Nota Akaun
19.
(Bersambung)
MODAL SAHAM
Kumpulan dan Syarikat
1999
1998
RM’000
RM’000
Saham bernilai RM1 setiap satu:Dibenarkan
Diterbitkan dan dibayar penuh
Baki pada awal tahun
Saham dibatalkan selepas dibeli balik
Baki pada akhir tahun
1,000,000
–––––––––––
–––––––––––
1,000,000
–––––––––––
–––––––––––
712,801
(285)
–––––––––––
712,516
–––––––––––
–––––––––––
712,801
–––––––––––
712,801
–––––––––––
–––––––––––
Pemegang-pemegang saham Syarikat telah memberi kuasa kepada para Pengarah untuk membeli balik
sahamnya dalam satu Mesyuarat Agung Luarbiasa pada 17hb Februari, 1998 dan selepas itu membaruinya
dalam Mesyuarat Agung Tahunan pada 3hb Februari, 1999. Para Pengarah Syarikat telah terikat untuk
meninggikan nilai Syarikat bagi pemegang-pemegang saham dan percaya bahawa pelan membeli balik
saham adalah untuk kepentingan yang baik sekali untuk Syarikat dan pemegang-pemegang saham.
Pada tahun, Syarikat telah membeli balik sebanyak 2,624,000 saham yang terbit daripada pasaran terbuka
dengan jumlah kos RM13,665,695. Kos purata dibayar untuk saham dibeli balik adalah RM5.21 sesaham.
Urusniaga tersebut dibiayai oleh dana dalaman. Daripada jumlah tersebut, 285,000 saham telah dibatalkan
dan satu amaun bersamaan dengan nilai nominal telah dipindahkan kepada simpanan tebusan modal selaras
dengan kehendak Seksyen 67A Akta Syarikat, 1965. Pindahan ke simpanan tebusan modal dan premium
dibayar atas saham dibeli balik telah dikeluarkan daripada keuntungan terkumpul. Baki 2,339,000 saham
yang dibeli balik telah dipegang sebagai saham perbendaharaan selaras dengan kehendak Seksyen 67A Akta
Syarikat, 1965.
Daripada jumlah 712,516,128 saham terbit dan terbayar, 2,339,000 saham dipegang sebagai saham
perbendaharaan oleh Syarikat. Pada 30hb September, 1999 baki saham terbit dan terbayar adalah
710,177,128 saham bernilai RM1.00 tiap satu.
35
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Nota-Nota Akaun
20.
(Bersambung)
SIMPANAN
Kumpulan
1999
1998
RM’000
RM’000
Modal
Modal simpanan
Baki pada awal tahun
Pindahan dari simpanan nilaian semula
Tambahan bahagian simpanan modal
dalam syarikat-syarikat bersekutu
Pindahan dari Akaun Untung Rugi
Baki pada akhir tahun
Simpanan nilaian semula
Baki pada awal tahun
Jualan dari pelupusan
Baki pada akhir tahun
Simpanan pada penyatuan
Baki pada awal tahun
Muhibah bagi penyatuan pada tahun
Pemindahan ke muhibah pada penyatuan
Baki pada akhir tahun
Simpanan tebusan modal
Baki pada awal tahunAkibat dari pembatalan saham dibeli balik
Baki pada akhir tahun
Akaun tidak tetap tukaran matawang
Baki pada awal tahun
Keuntungan
Ubahsuaian tukaran
Baki pada akhir tahun
Hasil
Am
Keuntungan yang belum dibahagikan
dihantarkan ke hadapan
Jumlah
Dianalisiskan sebagai:Tidak boleh dibahagikan
Boleh dibahagikan
Syarikat
1999
RM’000
1998
RM’000
1,266,144
93
1,065,893
-
1,326,946
93
1,317,678
-
951
11,704
–––––––––––
1,278,892
177,739
22,512
–––––––––––
1,266,144
3,515
–––––––––––
1,330,554
9,268
–––––––––––
1,326,946
53,438
(93)
53,438
-
53,345
–––––––––––
1,332,237
53,438
–––––––––––
1,319,582
6,477
(6,477)
6,484
(7)
-
–––––––––––
1,332,237
6,477
–––––––––––
1,326,059
285
285
–––––––––––
1,332,522
72,387
8,096
80,483
–––––––––––
1,413,005
–––––––––––
14,337
-
38,429
(93)
38,336
–––––––––––
1,368,890
–––––––––––
1,368,890
285
38,429
38,429
–––––––––––
1,365,375
–––––––––––
1,365,375
-
–––––––––––
1,326,059
285
–––––––––––
1,369,175
–––––––––––
1,365,375
84,921
(12,534)
91,532
(1,208)
284
46,151
(945)
46,326
72,387
–––––––––––
1,398,446
–––––––––––
90,608
–––––––––––
1,459,783
–––––––––––
91,532
–––––––––––
1,456,907
–––––––––––
14,337
14,337
14,337
1,090,903
–––––––––––
1,105,240
–––––––––––
2,518,245
–––––––––––
–––––––––––
830,305
–––––––––––
844,642
–––––––––––
2,243,088
–––––––––––
–––––––––––
645,764
–––––––––––
660,101
–––––––––––
2,119,884
–––––––––––
–––––––––––
489,893
–––––––––––
504,230
–––––––––––
1,961,137
–––––––––––
–––––––––––
375,575
2,142,670
–––––––––––
2,518,245
–––––––––––
–––––––––––
360,429
1,882,659
–––––––––––
2,243,088
–––––––––––
–––––––––––
141,611
1,978,273
–––––––––––
2,119,884
–––––––––––
–––––––––––
129,961
1,831,176
–––––––––––
1,961,137
–––––––––––
–––––––––––
Termasuk di bawah simpanan yang tidak boleh dibahagikan adalah amaun RM12,382,000 (1998: Tiada) yang
digunakan untuk pembelian saham perbendaharaan dan dianggap tidak boleh dibahagikan.
36
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Nota-Nota Akaun
(Bersambung)
21.
PENDAPATAN SESAHAM
Pendapatan sesaham telah dikira dengan membahagikan pendapatan Kumpulan sebanyak RM370,406,000
(1998: RM273,964,000) dengan purata timbunan sebanyak 711,051,042 (1998: 712,801,128) saham
Syarikat yang diterbitkan pada tahun ini.
22.
CUKAI TERTUNDA
Kumpulan
1999
1998
RM’000
RM’000
Baki pada awal tahun
Perolehan dalam tahun
Pindahan dari/(ke) Akaun Untung Rugi
Perbezaan tukaran matawang
Baki pada akhir tahun
7,391
774
1,084
–––––––––––
9,249
69
–––––––––––
9,318
–––––––––––
–––––––––––
6,727
842
–––––––––––
7,569
(178)
–––––––––––
7,391
–––––––––––
–––––––––––
Syarikat
1999
RM’000
1998
RM’000
2,144
37,030
–––––––––––
39,174
–––––––––––
39,174
–––––––––––
–––––––––––
2,504
(360)
–––––––––––
2,144
–––––––––––
2,144
–––––––––––
–––––––––––
Perbezaan suai masa yang mana cukai tertunda diperuntukkan dengan penuh adalah untuk lebihan elaun
modal cukai ke atas susutnilai harta tetap, peruntukan untuk ganjaran persaraan dan pendapatan dividen
akanterima daripada subsidiari-subsidiari oleh Syarikat yang ditaksirkan berdasarkan akanterima.
23.
URUSNIAGA PENTING ANTARA PIHAK BERKAITAN
(a) Urusniaga penting antara syarikat dalam Syarikat adalah seperti berikut:1999
RM’000
Pembelian dari subsidiari
Penjualan kepada subsidiari
Faedah akanterima
Perbelanjaan lain
1998
RM’000
23,410
231,527
8,588
3,981
–––––––––––
–––––––––––
25,030
265,946
20,655
3,980
–––––––––––
–––––––––––
(b) Urusniaga penting antara pihak berkaitan untuk Kumpulan dan Syarikat adalah seperti berikut:Kumpulan
1999
1998
RM’000
RM’000
Pembelian barangan
Bayaran pengilangan akanbayar
Yuran pengurusan akanterima
Yuran pengurusan akanbayar
14,038
975
225
851
–––––––––––
–––––––––––
16,829
827
224
391
–––––––––––
–––––––––––
Syarikat
1999
RM’000
9,074
622
21
–––––––––––
–––––––––––
1998
RM’000
10,935
337
21
–––––––––––
–––––––––––
Urusniaga tersebut telah dilakukan dalam urusan biasa dan telah diuruskan pada harga dipesetujui di
antara pihak berkenaan.
37
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Nota-Nota Akaun
24.
(Bersambung)
KOMITMEN
Modal
Kontrak yang diberikan tetapi belum siap
pada 30hb. September
Perbelanjaan modal yang diluluskan oleh
Lembaga Pengarah tetapi belum
dikontrakkan pada 30hb. September
25.
Kumpulan
1999
1998
RM’000
RM’000
23,039
45,884
–––––––––––
68,923
–––––––––––
–––––––––––
3,911
22,954
–––––––––––
26,865
–––––––––––
–––––––––––
1998
RM’000
9
220
279
–––––––––––
288
–––––––––––
–––––––––––
73
–––––––––––
293
–––––––––––
–––––––––––
KOMITMEN PAJAKAN
Kumpulan
1999
1998
RM’000
RM’000
Komitmen di bawah pajakan operasi yang tidak boleh dibatalkan:Tamat dalam tempoh satu tahun
Tamat di antara dua hingga lima tahun
Tempoh melebihi lima tahun
26.
Syarikat
1999
RM’000
3,047
21,199
29,222
–––––––––––
53,468
–––––––––––
–––––––––––
5,741
30,130
27,152
–––––––––––
63,023
–––––––––––
–––––––––––
SYARIKAT SUBSIDIARI DAN BERSEKUTU
Nama syarikat subsidiari dan bersekutu adalah seperti berikut:-
Syarikat subsidiari
PERLADANGAN
SEMENANJUNG MALAYSIA
Gunong Pertanian Sdn. Bhd.
K. H. Syndicate Limited †
The Kuala Pertang
Syndicate Limited †
The Shanghai Kelantan Rubber
Estates (1925) Limited †
Uni-Agro Multi Plantations
Sdn. Bhd.
KL-Kepong Edible Oils Sdn. Bhd.
KL-Kepong Plantation Holdings
Sdn. Bhd.
Taiko Plantations Sdn. Berhad †
Negeri
ditubuhkan
Negeri
utama
perniagaan
dijalankan
Malaysia
England
England
Malaysia
Malaysia
Malaysia
100
100
100
100
100
100
Perladangan
Perladangan
Perladangan
Hong Kong
Malaysia
100
100
Perladangan
Malaysia
Malaysia
51
51
Perladangan
Malaysia
Malaysia
100
100
Malaysia
Malaysia
100
100
Malaysia
Malaysia
100
100
Keputusan
kepentingan
Kumpulan
1999 1998
Kegiatan utama
Penapisan barangan
minyak sawit
Pemegangan pelaburan
Pengurusan
perladangan
38
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Nota-Nota Akaun
(Bersambung)
Syarikat subsidiari
PERLADANGAN
KOMPLEKS KDC
Kulumpang Development
Corporation Sdn. Berhad
Sri Kunak Plantation Sdn.
Berhad
Ladang Sumundu (Sabah)
Sdn. Berhad
Gocoa Sdn. Bhd.
Golden Peak Development
Sdn. Bhd.
Golden Yield Sdn. Bhd.
Kalumpang Estates Sdn Berhad
Ladang Finari Sdn. Bhd.
Masawit Plantation Sdn. Bhd.
Parit Perak Plantations Sdn. Bhd.
Selit Plantations (Sabah)
Sdn. Bhd.
Sunshine Plantation Sdn. Bhd.
Sy Kho Trading Plantation
Sdn. Bhd.
Syarikat Swee Keong
(Sabah) Sdn. Bhd.
Pinji Horticulture Sdn. Bhd.
KL-Kepong (Sabah) Sdn. Bhd.
Fajar Palmkel Sdn. Berhad
KOMPLEKS GSSB
Golden Sphere Sdn. Bhd. †
Richinstock Sawmill Sdn. Bhd. †
Segar Usaha Sdn. Bhd. †
Axe Why Zed Sdn. Bhd. †
Bandar Merchants Sdn. Bhd. †
Syarikat Budibumi Sdn. Bhd. †
Sabah Cocoa Sdn. Bhd. †
Bornion Estate Sdn. Bhd. †
Susuki Sdn. Bhd. †
Sabah Holdings Corporation
Sdn. Bhd. †
Leluasa Untung Sdn. Bhd.
INDONESIA
P.T. ADEI Plantation and
Industry †
P.T. Steelindo Wahana Perkasa †
P.T. KLK Agriservindo †
P.T. Kreasijaya Adhikarya †
Negeri
ditubuhkan
Negeri
utama
perniagaan
dijalankan
Malaysia
Malaysia
100
100
Perladangan
Malaysia
Malaysia
100
100
Perladangan
Malaysia
Malaysia
100
100
Perladangan
Malaysia
Malaysia
Malaysia
Malaysia
100
100
100
100
Perladangan
Perladangan
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
100
100
100
100
100
100
100
100
100
100
100
100
Perladangan
Perladangan
Perladangan
Perladangan
Perladangan
Perladangan
Malaysia
Malaysia
Malaysia
Malaysia
100
100
100
100
Perladangan
Perladangan
Malaysia
Malaysia
100
100
Perladangan
Malaysia
Malaysia
Malaysia
Malaysia
100
100
100
100
Malaysia
Malaysia
100
100
Tanaman ramie
Penapisan dan
perkilangan barangan
minyak sawit
Perkilangan irisong
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
100
100
100
100
100
100
70
60
100
70
100
100
100
100
100
100
70
60
100
70
Perladangan
Perladangan
Perladangan
Perladangan
Perladangan
Perladangan
Perladangan
Perladangan
Pemegangan pelaburan
Pemegangan pelaburan
Malaysia
Malaysia
100
100
Belum beroperasi
Indonesia *
Indonesia
95
95
Indonesia *
Indonesia *
Indonesia *
Indonesia
Indonesia
Indonesia
95
100
95
95
100
95
Keputusan
kepentingan
Kumpulan
1999 1998
Kegiatan utama
Perladangan
Perladangan
Pengurusan perladangan
Belum beroperasi
39
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Nota-Nota Akaun
(Bersambung)
Negeri
ditubuhkan
Negeri
utama
perniagaan
dijalankan
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
80
96
88
100
60
92
51
100
BARANGAN KOKO
KL-Kepong Cocoa Products
Sdn. Bhd.
Malaysia
Malaysia
100
65
BARANGAN SARUNG TANGAN
Masif Healthcare Products
Sdn. Bhd. †
Malaysia
Malaysia
100
100
Masif Latex Products Sdn. Bhd. †
Malaysia
Malaysia
100
100
Malaysia
Malaysia
100
-
Malaysia
Malaysia
100
-
England
England
100
100
England
England
England
England
England
England
England
England
England
England
100
100
100
100
100
100
100
100
100
Mengilang kelengkapan
dandanan diri
Belum beroperasi
Belum beroperasi
Belum beroperasi
Belum beroperasi
Belum beroperasi
England
England
England
England
100
100
100
100
Belum beroperasi
Belum beroperasi
33
33
37
37
Penapisan minyak
makan
Instolasi bulking
55
55
Pemegangan pelaburan
Syarikat subsidiari
PERKILANGAN
OLEO-KIMIA
Palm-Oleo Sdn. Bhd.
KSP Manufacturing Sdn. Bhd.
Palmamide Sdn. Bhd.
KL-Kepong Industrial Holdings
Sdn. Bhd.
BARANGAN PARKET
B.K.B. Hevea Products Sdn.
Bhd. †
B.K.B. Flooring Sdn. Bhd. †
SABUN
Standard Soap Company
Limited #
Allcock Products Limited #
Beauty Basics Limited #
De Muth Limited #
KLK Cosmetics Limited #
Personality Beauty Products
Limited #
Premier Soap Co. Limited #
Zenithpeak Limited #
PENAPISAN MINYAK DAN BULKING
Hubei Zhong Chang
Republik
Republik
Vegetable Oil Co. Ltd. †
Rakyat China Rakyat China
Tianjin Voray Bulking
Republik
Republik
Installation Co. Ltd. †
Rakyat China Rakyat China
Voray Holdings Limited. †
Hong Kong
Malaysia
Keputusan
kepentingan
Kumpulan
1999 1998
Kegiatan utama
Perkilangan kimia oleo
Pengilangan mi sabun
Perkilangan “esters”
Pemegangan pelaburan
Perkilangan barangan
koko
Mengilang sarung
tangan getah
pemeriksaan
Mengilang sarung
tangan rumah
Mengilang barangan
lantai parket
Pemasaran barangan
lantai parket
40
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Nota-Nota Akaun
(Bersambung)
Negeri
ditubuhkan
Negeri
utama
perniagaan
dijalankan
England
England
100
100
Pemegangan pelaburan
England
England
100
100
England
England
100
100
Pembekalan kelengkapan
dandanan diri
Mengilang jem
England
England
100
100
England
England
100
100
Crabtree & Evelyn London
Limited #
Scarborough and Company
Limited #
Crabtree & Evelyn Austria
GmBH #
Crabtree & Evelyn Deutschland
GmBH #
Crabtree & Evelyn Espana S.A. †
England
England
100
100
Mengilang kelengkapan
dandanan diri
Pembekalan kelengkapan
dandanan diri
Belum beroperasi
England
England
100
100
Belum beroperasi
Austria
Austria
100
100
Jerman
Jerman
100
100
Sepanyol
Sepanyol
100
100
Crabtree & Evelyn Europe B.V. #
Crabtree & Evelyn Industrie
S.A. †
Belanda
Perancis
Belanda
Perancis
100
100
100
100
Crabtree & Evelyn London
S.A. †
Crabtree & Evelyn Ltd. #
Perancis
Perancis
100
100
Amerika
Syarikat
Amerika
Syarikat
100
100
Crabtree & Evelyn Canada,
Inc. #
Ecemex S.A. DE C.V. #
Kanada
Kanada
80
80
Mexico
Mexico
51
51
Crabtree & Evelyn Australia
Pty. Limited #
Crabtree & Evelyn (Hong Kong)
Limited †
CE Holdings Limited ††
Australia
Australia
100
100
Hong Kong
Hong Kong
100
-
Pulau British
Virgin
Philippines
Pulau British
Virgin
Philippines
100
100
Penjualan runcit kelengkapan
dandanan diri
Meruncit dan membekal
kelengkapan dandanan diri
Pembekalan kelengkapan
dandanan diri
Pemegangan pelaburan
Meruncit, membekal dan
mengilang kelengkapan
dandanan diri
Meruncit kelengkapan
dandanan diri
Meruncit, membekal dan
mengilang kelengkapan
dandanan diri
Meruncit dan membekal
kelengkapan dandanan diri
Meruncit dan membekal
kelengkapan dandanan diri
Pembekalan kelengkapan
dandanan diri
Meruncit dan membekal
kelengkapan dandanan diri
Pemegangan pelaburan
70
-
Singapura
Singapura
100
-
Malaysia
Malaysia
100
100
Syarikat subsidiari
JUALAN RUNCIT
Crabtree & Evelyn Holdings
Limited. #
Crabtree & Evelyn (Overseas)
Limited #
Crabtree & Evelyn Shop
Limited #
Crabtree & Evelyn Trading
Limited #
Windham Toiletries Limited #
Crabtree & Evelyn Philippines,
Inc. †
Crabtree & Evelyn (Singapore)
Pte. Ltd. †
Crabtree & Evelyn (Malaysia)
Sdn. Bhd.
Keputusan
kepentingan
Kumpulan
1999 1998
Kegiatan utama
Meruncit dan membekal
kelengkapan dandanan diri
Meruncit dan membekal
kelengkapan dandanan diri
Meruncit kelengkapan
dandanan diri
41
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Nota-Nota Akaun
(Bersambung)
Negeri
ditubuhkan
Negeri
utama
perniagaan
dijalankan
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
100
100
100
100
100
100
Malaysia
Malaysia
Malaysia
Malaysia
100
100
100
100
Kemajuan hartanah
Kemajuan hartanah
Kendalian banglo
peranginan
Kemajuan hartanah
Kemajuan hartanah
Malaysia
Malaysia
100
100
Kemajuan hartanah
Malaysia
Malaysia
100
100
Pengurusan hartanah
Malaysia
Malaysia
100
100
Pemegangan pelaburan
Malaysia
Malaysia
80
80
Kemajuan hartanah
Malaysia
Malaysia
100
100
Kemajuan hartanah
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
Malaysia
100
100
100
100
100
100
Pemegangan pelaburan
Pemegangan pelaburan
Pemegangan pelaburan
Malaysia
Malaysia
Pulau British
Virgin
Pulau
Cayman
England
England
Malaysia
Malaysia
Pulau British
Virgin
Pulau
Cayman
England
Malaysia
100
100
100
100
100
100
Pinjaman wang
Pemegangan pelaburan
Pemegangan pelaburan
100
100
Pemegangan pelaburan
100
100
100
100
Pemegangan pelaburan
Pemegangan pelaburan
England
England
100
100
Pemegangan pelaburan
LAIN-LAIN
Kepong Plantations Berhad †
Malaysia
Malaysia
100
100
KLK Farms Pty. Limited #
Australia
Australia
100
100
Rubber Fibreboards Sdn. Bhd.
Malaysia
Malaysia
100
100
Pembubaran ahli
sukarela
Tanaman gandum dan
penternakan biri-biri
Belum beroperasi
Syarikat subsidiari
HARTANAH
Betatechnic Sdn. Bhd.
Colville Holdings Sdn. Bhd.
KL-K Holiday Bungalows Sdn.
Berhad
KL-Kepong Complex Sdn. Bhd.
KL-Kepong Country Homes
Sdn. Bhd.
KL-Kepong Property
Development Sdn. Bhd.
KL-Kepong Property
Management Sdn. Bhd.
KL-Kepong Property
Holdings Sdn. Bhd.
Kompleks Tanjong Malim
Sdn. Bhd.
Palermo Corporation Sdn. Bhd.
PEMEGANGAN PELABURAN
Ablington Holdings Sdn. Bhd.
Jasachem Sdn. Bhd.
KL-Kepong Equity Holdings
Sdn. Bhd.
Ortona Enterprise Sdn. Bhd.
Quarry Lane Sdn. Bhd.
KLK Overseas Investments
Ltd. ††
KL-Kepong International Ltd. ††
KLKI Holdings Limited #
Kuala Lumpur-Kepong
Investments Limited #
Quillspur Limited #
† Syarikat tidak diaudit oleh KPMG
# Syarikat diaudit oleh firma seberang laut KPMG
Keputusan
kepentingan
Kumpulan
1999 1998
Kegiatan utama
†† Syarikat diulangkaji oleh KPMG
* Subsidiari-subsidiari tersebut beroperasi di negeri Indonesia, sebuah negara yang telah dapat bantuan
daripadaTabung Kewangan Antarabangsa. Oleh kerana lokasi operasi, syarikat tersebut tidak terjejas oleh
keadaan ekonomik semasa di Indonesia. Adalah polisi Kumpulan untuk memberi bantuan kewangan untuk
memastikan pembangunan perladangan berjalan sepertimana yang dirancangkan.
42
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Nota-Nota Akaun
(Bersambung)
Syarikat bersekutu
Applied Agricultural
Research Sdn. Bhd.
Beijing King Voray Edible Oil
Co. Ltd.
Clarity Crest Sdn. Bhd.
Esterol Sdn. Bhd.
Key Century Sdn. Bhd.
Kumpulan Sierramas (M)
Sdn. Bhd.
Lembah Beringin Sdn. Bhd.
Malaysia Pakistan
Venture Sdn. Bhd.
Pearl River Tyre (Holdings)
Limited
Tawau Bulking
Installation Sdn. Bhd.
Yule Catto & Co. plc
27.
Negeri
ditubuhkan
Peratusan
kepentingan
Kumpulan
1999
1998
Kegiatan utama
Malaysia
50.0
50.0
Republik
Rakyat China
Malaysia
Malaysia
13.8
30.3
30.0
50.0
30.0
50.0
Malaysia
Malaysia
30.0
33.0
30.0
33.0
Perkhidmatan agronomi
dan penyelidikan
Penapisan minyak
makanan
Pelaburan hartanah
Mengilang “ester”
makanan
Pemegangan pelaburan
Kemajuan hartanah
Malaysia
Malaysia
30.0
25.0
30.0
25.0
Kemajuan hartanah
Pemegangan pelaburan
Australia
30.5
30.5
Malaysia
49.0
49.0
Pemegangan pelaburan
dan pengilangan tayar
Instolasi bulking
England
20.4
20.3
Bahan kimia dan bahan
bangunan
MAKLUMAT MENGIKUT BAHAGIAN - KUMPULAN
Analisis mengikut industri
Perolehan
1999
1998
RM’000
RM’000
Perladangan
Perkilangan
Penjualan runcit
Pemegangan pelaburan
Lain-lain
Butir terkecuali
Syarikat bersekutu
Perbelanjaan korporat
JUMLAH
1,031,837
845,543
490,983
27,999
7,893
––––––––––
2,404,255
––––––––––
2,404,255
––––––––––
––––––––––
1,062,952
712,820
508,880
41,579
8,494
––––––––––
2,334,725
––––––––––
2,334,725
––––––––––
––––––––––
Keuntungan/(Kerugian)
sebelum Cukai
1999
1998
RM’000
RM’000
299,866
28,219
(32,330)
27,999
161
––––––––––
323,915
2,986
78,691
(6,266)
––––––––––
399,326
––––––––––
––––––––––
285,906
(13,226)
(17,733)
41,579
(1,165)
––––––––––
295,361
5,838
73,310
(6,566)
––––––––––
367,943
––––––––––
––––––––––
Jumlah Harta
Digunakan
1999
1998
RM’000
RM’000
2,085,072
545,998
369,031
144,386
61,899
––––––––––
3,206,386
580,574
––––––––––
3,786,960
––––––––––
––––––––––
1,911,043
605,449
354,951
126,375
99,119
––––––––––
3,096,937
573,287
––––––––––
3,670,224
––––––––––
––––––––––
43
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Nota-Nota Akaun
(Bersambung)
Analisis mengikut lokasi geografi
Perolehan
1999
1998
RM’000
RM’000
Malaysia
Australia
Republik Rakyat China
Eropah dan Amerika
Indonesia
Lain-lain
Butir terkecuali
Syarikat bersekutu
JUMLAH
28.
1,535,578
5,070
241,440
615,636
4,937
1,594
––––––––––
2,404,255
––––––––––
2,404,255
––––––––––
––––––––––
Keuntungan/(Kerugian)
sebelum Cukai
1999
1998
RM’000
RM’000
Jumlah Harta
Digunakan
1999
1998
RM’000
RM’000
1,440,319
345,765
299,783
2,357,975
2,274,459
5,263
685
(22)
21,034
18,710
258,419
6,620
(14,806)
112,240
172,427
627,390
(28,900)
4,798
512,159
511,706
3,334
(6,173)
(958)
199,513
119,635
(348)
3,465
–––––––––– –––––––––– –––––––––– –––––––––– ––––––––––
2,334,725
317,649
288,795
3,206,386
3,096,937
2,986
5,838
78,691
73,310
580,574
573,287
–––––––––– –––––––––– –––––––––– –––––––––– ––––––––––
2,334,725
399,326
367,943
3,786,960
3,670,224
–––––––––– ––––––––––
–––––––––– ––––––––––
–––––––––– ––––––––––
––––––––––
––––––––––
–––––––––– ––––––––––
ANGKA PERBANDINGAN
KUMPULAN DAN SYARIKAT
Angka perbandingan tertentu telah dikelaskan semula supaya selaras dengan penyampaian tahun ini.
44
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Kenyataan oleh Pengarah-Pengarah
dan Akuan Berkanun
Kenyataan oleh Pengarah-Pengarah
Kami, Dato’ Lee Oi Hian dan Yeoh Chin Hin, dua daripada Para Pengarah Kuala Lumpur Kepong Berhad, menyatakan
di sini bahawa, pada pendapat kami, akaun-akaun yang terdapat dari halaman 18 hingga 44 telah disediakan supaya
menunjukkan pandangan yang benar dan saksama ke atas keadaan hal ehwal Kumpulan dan Syarikat pada 30hb
September, 1999, dan ke atas keputusan perniagaan Kumpulan dan Syarikat serta aliran tunai Kumpulan bagi tahun
berakhir pada tarikh tersebut dan dilaksanakan mengikut standard perakaunan di Malaysia yang diterima pakai.
Bagi Pihak Lembaga Pengarah
DATO’ LEE OI HIAN
(Pengerusi Eksekutif)
YEOH CHIN HIN
(Pengarah)
Ipoh, Perak Darul Ridzuan,
Malaysia.
3hb Januari, 2000.
Akuan Berkanun
Saya, Fan Chee Kum, sebagai pegawai yang terutamanya bertanggungjawab ke atas pengurusan kewangan Kuala
Lumpur Kepong Berhad, dengan sesungguh dan sebenarnya mengakui bahawa akaun-akaun yang terdapat dari
halaman 18 hingga 44 adalah dalam sepanjang pengetahuan dan kepercayaan saya, betul, dan saya membuat
perakuan ini dengan ikhlas, mempercayainya sebagai benar, dan menurut peruntukan Akta Akuan Berkanun, 1960.



Ditandatangani dan diakui oleh
yang tersebut di atas di Ipoh
dalam Negeri Perak Darul Ridzuan
pada 3hb Januari, 2000.
FAN CHEE KUM
Di hadapan saya:-
S. JAGJIT SINGH
Pesuruhjaya Sumpah
Ipoh, Perak Darul Ridzuan,
Malaysia.
45
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Laporan Juruaudit
kepada ahli-ahli Kuala Lumpur Kepong Berhad.
Kami telah mengaudit akaun yang terdapat pada halaman 18 hingga 44. Persediaan akaun adalah
tanggungjawab para Pengarah Syarikat. Tanggungjawab kami adalah untuk memberi pendapat kami ke atas
akaun berdasarkan pengauditan kami.
Kami melakukan pengauditan kami mengikut Standard Pengauditan yang telah diluluskan di Malaysia.
Standard tersebut memerlukan kami merancang and melaksanakan pengauditan untuk mendapatkan segala
maklumat dan penjelasan yang kami memikir memberi keyakinan yang wajar bahawa akaun adalah bebas
dari salah yang penting. Pengauditan merangkumi pemeriksaan, secara uji periksa, bukti yang menyokong
jumlah dan penyataan di dalam akaun. Pengauditan juga termasuk penilaian terhadap prinsip perakaunan
yang digunakan dan anggaran penting yang dibuat oleh pengarah-pengarah, serta penilaian yang menyeluruh
terhadap akaun yang dibentangkan. Kami percaya pengauditan kami memberi asas yang wajar terhadap
pendapat kami.
Pada pendapat kami:(a)
akaun telah disediakan menurut peruntukan Akta Syarikat, 1965 dan standard perakaunan yang
diluluskan di Malaysia supaya memberikan pandangan yang benar dan saksama mengenai:
i)
kedudukan hal ehwal Kumpulan dan Syarikat pada 30hb September, 1999 dan ke atas
keputusan operasi serta aliran tunai Kumpulan bagi tahun berakhir pada tarikh terseut; dan
ii)
perkara-perkara yang dikehendaki oleh Seksyen 169, Akta Syarikat, 1965 untuk dinyatakan
di dalam akaun-akaun Kumpulan dan Syarikat;
dan
(b)
rekod perakaunan dan rekod-rekod lain dan daftar-daftar yang dikehendaki oleh Akta disimpan oleh
Syarikat dan subsidiari-subsidiarinya yang kami menjadi juruaudit, dengan sempurna menurut
peruntukan Akta tersebut.
Kami telah mempertimbangkan akaun dan laporan juruaudit kesemua subsidiari yang mana kami bukan
juruaudit seperti dicatatkan dalam Nota akaun 26.
Kami berpuashati bahawa akaun-akaun subsidiari yang telah disatukan dengan akaun Syarikat adalah dalam
bentuk dan kandungan yang sesuai dan wajar bagi tujuan menyediakan akaun-akaun disatukan dan kami
telah menerima maklumat dan penjelasan yang memuaskan seperti yang kami kehendaki bagi tujuan
tersebut.
Laporan-laporan juruaudit bagi akaun-akaun subsidiari adalah bebas dari sebarang teguran dan tidak
termasuk sebarang ulasan yang perlu dibuat di bawah seksyen kecil (3) Seksyen 174 Akta tersebut.
KPMG
NOMBOR FIRMA: AF-0758
Akauntan Awam
PETER HO KOK WAI
RAKAN FIRMA
NOMBOR KELULUSAN: 1745/12/01 (J)
Ipoh, Perak Darul Ridzuan,
Malaysia.
3hb Januari, 2000.
46
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Penyata Kawasan
pada 30hb September
1999
1998
Hektar
%
Dengan
Tanaman
% Dari
Jumlah
Kawasan
Ditanam
Hektar
%
Dengan
Tanaman
% Dari
Jumlah
Kawasan
Ditanam
62,377
39,586
––––––––
101,963
––––––––
61
39
––––
100
––––
48
31
––––
79
––––
57,037
40,911
––––––––
97,948
––––––––
58
42
––––
100
––––
45
32
––––
77
––––
18,173
6,820
––––––––
24,993
––––––––
73
27
––––
100
––––
14
5
––––
19
––––
20,055
6,791
––––––––
26,846
––––––––
75
25
––––
100
––––
16
5
––––
21
––––
1,964
––––––––
1,964
––––––––
100
––––
100
––––
2
––––
2
––––
2,421
––––––––
2,421
––––––––
100
––––
100
––––
2
––––
2
––––
100
127,215
KELAPA SAWIT
Matang
Belum Matang
Jumlah
GETAH
Matang
Belum Matang
Jumlah
KOKO
Matang
Belum Matang
Jumlah
JUMLAH KAWASAN
DITANAM
Rizab yang boleh ditanam
Tapak Bangunan, dll.
JUMLAH BESAR
128,920
10,810
6,237
––––––––
145,967
––––––––
––––––––
100
13,133
5,661
––––––––
146,009
––––––––
––––––––
47
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Statistik Tanaman Lima Tahun
1999
1998
1997
1996
1995
1,271,165
64,055
577,732
1,784,842
21.21
5,154
1,128,694
67,988
551,042
1,611,748
20.28
5,753
1,228,407
77,024
535,732
1,687,115
22.62
3,190
1,132,956
85,722
470,387
1,517,621
22.62
3,428
1,096,522
81,280
425,671
1,440,913
22.93
4,518
1,928
1,711
2,490
168
1,086
281
2,054
1,847
2,064
125
1,013
407
1,286
1,216
1,627
175
748
236
1,321
1,249
1,623
234
806
228
1,515
1,436
1,513
174
744
284
(‘000 kilo)
(‘000 kilo)
(‘000 kilo)
(‘000 kilo)
(kilo)
(RM)
26,900
1,891
2,047
27,056
1,585
389
25,301
986
2,224
26,539
1,446
1,178
29,283
2,715
3,343
29,911
1,569
1,531
30,612
1,530
3,419
32,501
1,613
2,742
31,920
2,061
2,516
32,375
1,627
2,948
(sen/kilo)
273
337
344
394
396
(‘000 kilo)
(kilo)
(RM)
2,230
982
1,641
2,092
507
403
5,578
873
614
4,575
745
(183)
4,961
789
(11)
(RM/kilo)
4.87
5.00
3.54
3.19
3.19
KAWASAN TANAMAN (purata timbunan hektar):KELAPA SAWIT
Matang
Belum Matang
59,943
41,524
55,669
41,135
54,311
30,844
50,086
26,017
47,814
18,587
GETAH
Matang
Belum Matang
16,972
8,224
17,498
9,392
18,668
9,998
18,976
8,396
19,615
7,344
KOKO
Matang
Belum Matang
2,272
-
4,125
-
6,386
-
6,139
-
6,288
-
128,935
127,819
120,207
109,614
99,648
KELAPA SAWIT
Pengeluaran
- ladang sendiri
(tan metrik)
- dijual
(tan metrik)
- dibeli
(tan metrik)
- jumlah diproses
(tan metrik)
Hasil sehektar kawasan matang
(BTB tan metrik)
Keuntungan sehektar kawasan matang
(RM)
(sebelum perbelanjaan tanaman semula)
Harga jualan purata:Barangan sawit ditapis
(RM/tan metrik di kilang)
Minyak sawit mentah
(RM/tan metrik di kilang)
Minyak isirong
(RM/tan metrik di kilang)
Kek isirong
(RM/tan metrik di kilang)
Isirong
(RM/tan metrik di kilang)
BTB
(RM/tan metrik)
GETAH
Pengeluaran
- ladang sendiri
- dijual
- dibeli
- jumlah diproses
Hasil sehektar kawasan matang
Keuntungan sehektar kawasan matang
(sebelum perbelanjaan tanaman semula)
Harga jualan purata
(bersih dari ses)
KOKO
Pengeluaran
- ladang sendiri
Hasil sehektar kawasan matang
Keuntungan/(Kerugian) sehektar kawasan
matang (sebelum perbelanjaan
tanaman semula)
Harga jualan purata
JUMLAH KAWASAN TANAMAN
48
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Statistik Kewangan Lima Tahun
1999
RM’000
PEROLEHAN
Barangan sawit
Getah
Biji koko
Perkilangan
Penjualan runcit
Pendapatan pelaburan
Pendapatan lain
KEUNTUNGAN KUMPULAN
Barangan sawit
Getah
Koko
Perkilangan
Penjualan runcit
Lain-lain
Bahagian keuntungan dari syarikat bersekutu
Pendapatan pelaburan
Butir terkecuali
Perbelanjaan korporat ditolak pendapatan lain
Keuntungan sebelum cukai
Cukai
Kepentingan pemegang saham minoriti
Keuntungan terkumpul dibawa hadapan
Pembatalan saham dibeli balik
PEMBAHAGIAN
Dividen (bersih dari cukai)
Pindah ke simpanan
Bahagian dari syarikat bersekutu:Muhibah dihapuskira
Ubahsuaian tukaran mata wang
KEUNTUNGAN TERKUMPUL
PENGGUNAAN MODAL
Harta tetap
Pembangunan hartanah
Kepentingan dalam syarikat bersekutu
Pelaburan
Harta tak ketara
Muhibah pada penyatuan
Harta Semasa bersih
Jumlah harta digunakan
PUNCA KEWANGAN
Modal saham
Simpanan
Kos saham perbendaharaan
Cukai tertunda
Peruntukan untuk ganjaran persaraan
Kepentingan pemegang saham minoriti
Pinjaman berpenggal
Pajakan kewangan
Jumlah
PENDAPATAN DAN DIVIDEN PEMEGANG SAHAM
Pendapatan sesaham - sen
Kadar dividen
Kadar hasil dividen pada 30hb. September
Nisbah harga/Pendapatan pada 30hb. September
1998
RM’000
1997
RM’000
1996
RM’000
1995
RM’000
950,015
966,613
675,009
628,420
664,520
78,689
93,198
109,977
142,649
131,286
3,133
3,141
3,252
3,363
2,817
845,543
712,820
482,211
286,295
147,301
490,983
508,880
372,454
67,822
27,999
41,579
39,745
53,480
10,973
7,893
8,494
8,249
7,188
4,669
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
2,404,255
2,334,725
1,690,897
1,189,217
961,566
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
297,638
272,737
171,567
168,272
201,292
(1,500)
11,505
24,404
44,029
41,065
3,728
1,664
3,923
(1,125)
(195)
28,219
(13,226)
(16,730)
(8,822)
4,643
(32,330)
(17,733)
(9,721)
(1,208)
161
(1,165)
(269)
720
836
78,691
73,310
63,479
53,403
43,893
27,999
41,579
39,745
53,480
10,973
2,986
5,838
22,097
369,870
361,829
(6,266)
(6,566)
(5,071)
(7,527)
(8,004)
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
399,326
367,943
293,424
671,092
656,332
(20,690)
(109,808)
(88,113)
(92,000)
(83,206)
(8,230)
15,829
16,388
4,916
(2,741)
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
370,406
273,964
221,699
584,008
570,385
830,305
712,816
615,038
471,578
352,025
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
1,200,711
986,780
836,737
1,055,586
922,410
(1,284)
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
1,199,427
986,780
836,737
1,055,586
922,410
102,266
128,265
76,270
74,844
83,160
11,704
22,512
20,615
366,681
362,486
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
1,085,457
836,003
739,852
614,061
476,764
(233)
(20,574)
(685)
(13,304)
5,446
(5,465)
(6,462)
1,662
8,118
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
1,090,903
830,305
712,816
615,038
471,578
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
1,954,493
1,894,870
1,893,459
1,725,974
1,428,771
66,010
65,391
65,384
59,338
14,340
580,574
573,287
257,898
235,042
209,824
61,310
42,660
102,600
64,265
31,858
23,347
24,331
19,159
14,543
14,929
640,174
488,750
446,665
477,762
348,867
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
3,340,837
3,089,289
2,785,165
2,576,924
2,033,660
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
712,516
712,801
712,801
712,801
475,201
2,518,245
2,243,088
1,937,889
1,735,728
1,458,476
(12,382)
9,318
7,391
6,727
7,516
6,348
9,515
8,735
8,325
8,001
7,775
92,092
100,537
106,562
101,683
81,742
4,109
7,406
4,229
3,392
4,118
7,424
9,331
8,632
7,803
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
3,340,837
3,089,289
2,785,165
2,576,924
2,033,660
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
52.1
20.0%
4.3%
8.8
38.4
25.0%
5.9%
11.1
31.1
15.0%
1.9%
25.7
81.9
15.0%
2.3%
7.9
80.0
25.0%
3.2%
6.5
49
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Hartanah Kumpulan
pada 30hb September, 1999
PERLADANGAN
LOKASI
JENIS HAKMILIK
KELUASAN
MENGIKUT
SURAT
HAKMILIK
(HEKTAR)
BUTIR-BUTIR
NILAI
BUKU
BERSIH
RM’000
SEMENANJUNG MALAYSIA
Ladang Allagar,
Trong, Perak.
Milikbebas
805
Ladang getah dan kelapa sawit
12,564
Ladang Ayer Hitam,
Bahau, Negeri Sembilan.
Milikbebas
2,640
Ladang getah dan kelapa sawit
38,710
Ladang Ban Heng,
Pagoh, Muar, Johor.
Milikbebas
631
Ladang Batang Jelai,
Rompin, Negeri Sembilan.
Milikbebas
2,170
Ladang getah dan kelapa sawit
32,984
Ladang Batu Lintang,
Serdang, Kedah.
Milikbebas
1,470
Ladang getah dan kelapa sawit
18,674
Ladang Buntar,
Serdang, Kedah.
Milikbebas
547
Ladang getah dan kelapa sawit
13,724
Ladang Changkat Asa,
Tanjong Malim, Perak.
Milikbebas
1,913
Ladang getah dan kelapa sawit
19,019
Ladang Fraser,
Kulai, Johor.
Milikbebas
2,970
Ladang kelapa sawit
33,620
Ladang Ghim Khoon,
Serdang, Kedah.
Milikbebas
950
Ladang getah dan kelapa sawit
24,555
Ladang Glenealy,
Parit, Perak.
Milikbebas
1,085
Ladang getah dan kelapa sawit
15,124
Ladang Gunong Pertanian,
Simpang Durian,
Negeri Sembilan.
Milikpajak berakhir
pada 2077
Ladang kelapa sawit
10,606
Ladang Jeram Padang,
Bahau, Negeri Sembilan.
Milikbebas
2,124
Ladang getah dan kelapa sawit
30,404
Ladang Kekayaan,
Paloh, Johor.
Milikpajak berakhir
pada 2068
2,818
Ladang kelapa sawit
34,246
Ladang Kemasul,
Mengkarak, Pahang.
Milikbebas
459
Ladang Kerilla,
Tanah Merah, Kelantan.
Milikbebas
2,193
Ladang Kerling,
Kerling, Selangor.
Milikbebas
297
Ladang Kombok,
Rantau, Negeri Sembilan.
Milikbebas
1,916
Ladang getah dan kelapa sawit
32,091
Ladang Kuala Gris,
Kuala Krai, Kelantan.
Milikbebas
2,429
Ladang getah, kelapa sawit
dan koko
29,806
Ladang Kuala Hau,
Kuala Krai, Kelantan.
Milikbebas
Milikpajak berakhir
pada 2326
305
242
Ladang getah
3,083
Ladang Kuala Kangsar,
Padang Rengas, Perak.
Milikbebas
Milikpajak berakhir
pada 2896
511
337
Ladang getah
5,977
Ladang Landak,
Paloh, Johor.
Milikpajak berakhir
pada 2068
2,833
686
Ladang kelapa sawit
Ladang getah
Ladang getah dan kelapa sawit
Ladang kelapa sawit
Ladang kelapa sawit
8,031
1,026
27,732
3,078
27,357
50
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Hartanah Kumpulan
pada 30hb September, 1999
(Bersambung)
KELUASAN
MENGIKUT
SURAT
HAKMILIK
(HEKTAR)
LOKASI
JENIS HAKMILIK
Ladang New Pogoh,
Segamat, Johor.
Milikbebas
1,560
Ladang getah dan kelapa sawit
14,111
Ladang Paloh,
Paloh, Johor.
Milikbebas
2,043
Ladang kelapa sawit
28,651
Ladang Pasir Gajah,
Kuala Krai, Kelantan.
Milikbebas
Milikpajak berakhir
pada 2907
961
1,155
Ladang getah dan kelapa sawit
22,187
Ladang Pelam,
Kulim, Kedah.
Milikbebas
2,526
Ladang getah dan kelapa sawit
39,731
Ladang Renjok,
Bentong, Pahang.
Milikbebas
1,479
Ladang getah dan kelapa sawit
15,875
Ladang See Sun,
Renggam, Johor.
Milikbebas
589
Ladang Selborne,
Padang Tengku, Kuala Lipis,
Pahang.
Milikbebas
1,282
Ladang Serapoh,
Parit, Perak.
Milikbebas
938
Ladang getah dan kelapa sawit
9,145
Ladang Subur,
Batu Kurau, Perak.
Milikbebas
1,290
Ladang getah dan kelapa sawit
15,055
Ladang Sungei Bekok,
Bekok, Johor.
Milikbebas
636
Ladang Sungei Kawang,
Lanchang, Pahang.
Milikbebas
1,890
Ladang Sungei Penggeli,
Bandar Tenggara, Johor.
Milikpajak berakhir
pada 2087
Ladang Sungei Sokor,
Tanah Merah, Kelantan.
Milikbebas
1,603
Ladang getah dan kelapa sawit
17,579
Ladang Sungei Tamok,
Paloh, Johor.
Milikpajak berakhir
pada 2078
1,619
Ladang kelapa sawit
16,126
Ladang Tertinggi,
Paloh, Johor.
Milikpajak berakhir
pada 2078
1,619
Ladang kelapa sawit
19,844
Ladang Tuan,
Bentong, Pahang.
Milikbebas
Milikpajak berakhir
di antara
2030 dan 2057
1,011
443
Ladang getah, kelapa sawit
dan koko
10,633
Ladang Tuan Mee,
Sungei Buloh, Selangor.
Milikbebas
1,715
Ladang kelapa sawit
17,604
Ladang Ulu Pedas,
Pedas, Negeri Sembilan.
Milikbebas
938
Ladang getah dan kelapa sawit
18,065
Ladang Voules,
Segamat, Johor.
Milikbebas
Ladang getah dan kelapa sawit
25,388
Ladang kelapa sawit
33,482
959
2,977
––––––––
61,564
––––––––
BUTIR-BUTIR
NILAI
BUKU
BERSIH
RM’000
Ladang kelapa sawit
Ladang getah dan koko
Ladang kelapa sawit
Ladang getah dan kelapa sawit
Ladang kelapa sawit
9,735
16,722
7,849
15,739
9,583
MALAYSIA TIMUR
Ladang Bornion,
Kinabatangan, Sabah.
Milikpajak berakhir
pada 2078
3,233
51
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Hartanah Kumpulan
pada 30hb September, 1999
(Bersambung)
KELUASAN
MENGIKUT
SURAT
HAKMILIK
(HEKTAR)
BUTIR-BUTIR
NILAI
BUKU
BERSIH
RM’000
LOKASI
JENIS HAKMILIK
Ladang Bukit Tabin,
Lahad Datu, Sabah.
Milikpajak berakhir
pada 2079
2,944
Ladang kelapa sawit
32,714
Ladang Jatika,
Tawau, Sabah.
Milikpajak berakhir
di antara
2068 dan 2083
3,018
Ladang kelapa sawit
39,180
Ladang Lungmanis,
Lahad Datu, Sabah.
Milikpajak berakhir
pada 2085
1,666
Ladang kelapa sawit
13,638
Ladang Pang Burong,
Tawau, Sabah.
Milikpajak berakhir
di antara
2063 dan 2080
1,778
Ladang kelapa sawit dan koko
25,386
Ladang Pangeran,
Tawau, Sabah.
Milikpajak berakhir
di antara
2063 dan 2080
2,783
Ladang kelapa sawit
34,868
Ladang Pinang,
Tawau, Sabah.
Milikpajak berakhir
di antara
2067 dan 2085
2,531
Ladang kelapa sawit
32,292
Ladang Rich Hill,
Kunak, Sabah.
Milikpajak berakhir
di antara
2069 dan 2083
497
Ladang kelapa sawit dan koko
7,669
Ladang Ringlet,
Tawau, Sabah.
Milikpajak berakhir
di antara
2067 dan 2077
985
Ladang kelapa sawit dan koko
9,099
Ladang Rimmer,
Lahad Datu, Sabah.
Milikpajak berakhir
pada 2085
2,720
Ladang kelapa sawit
22,261
Ladang Segar Usaha,
Kinabatangan, Sabah.
Milikpajak berakhir
pada 2077
2,792
Ladang kelapa sawit
31,257
Ladang Sigalong,
Tawau, Sabah.
Milikpajak berakhir
di antara
2063 dan 2079
2,831
Ladang kelapa sawit dan koko
31,115
Ladang Sri Kunak,
Tawau, Sabah
Milikpajak berakhir
di antara
2063 dan 2076
2,770
Ladang kelapa sawit dan koko
39,178
Ladang Sg. Silabukan,
Lahad Datu, Sabah.
Milikpajak berakhir
pada 2079
2,626
Ladang kelapa sawit
29,186
Ladang Sg. Sing Sing,
Semporna, Sabah.
Milikpajak berakhir
di antara
2070 dan 2080
858
Ladang kelapa sawit dan koko
6,575
Ladang Sumundu,
Tawau, Sabah.
Milikpajak berakhir
di antara
2065 dan 2071
783
Ladang kelapa sawit dan koko
13,441
Ladang Tundong,
Tawau, Sabah.
Milikpajak berakhir
di antara
2063 dan 2073
2,101
Ladang kelapa sawit
27,383
Ladang Tungku,
Lahad Datu, Sabah.
Milikpajak berakhir
pada 2085
3,418
––––––––
40,334
––––––––
Ladang kelapa sawit
27,978
52
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Hartanah Kumpulan
pada 30hb September, 1999
LOKASI
(Bersambung)
JENIS HAKMILIK
KELUASAN
MENGIKUT
SURAT
HAKMILIK
(HEKTAR)
BUTIR-BUTIR
USIA
BANGUNAN
Tahun
NILAI
BUKU
BERSIH
RM’000
-
60,028
INDONESIA
Kebun Belitung,
Belitung, Indonesia.
Milikpajak berakhir
pada 2020
14,065
Ladang kelapa sawit
Kebun Mandau,
Riau, Indonesia.
Milikpajak berakhir
pada 2020
14,900
Ladang getah dan kelapa
sawit
48,726
Kebun Nilo,
Riau, Indonesia.
Milikpajak berakhir
pada 2028
12,860
––––––––
41,825
––––––––
Ladang kelapa sawit
12,927
OPERASI LAIN
MALAYSIA
B.K.B. Hevea Products,
Ipoh, Perak.
Milikpajak berakhir
pada 2089
5
Kilang parket
5
8,719
KL-Kepong Cocoa Products,
Port Klang, Selangor.
Milikpajak berakhir
pada 2090
2
Kilang barangan koko
7
8,573
KL-Kepong Edible Oils,
Pasir Gudang, Johor.
Milikpajak berakhir
pada 2045
5
Kilang penapis minyak
sawit
16
1,448
KL-Kepong (Sabah),
Tawau, Sabah.
Milikpajak berakhir
pada 2073
61
KSP Manufacturing,
Rawang, Selangor.
Milikbebas
Masif Healthcare Products,
Lahat, Perak.
Kilang penapis, kilang
12 ke 16
kelapa sawit dan kilang
pelumat isirong
3,481
4
Kilang mi sabun
3
5,045
Milikbebas
4
Kilang sarung tangan
getah
10
4,273
Palmamide,
Rawang, Selangor.
Milikbebas
3
Kilang “esters“
3
4,373
Palm-Oleo,
Rawang, Selangor.
Milikbebas
Kilang kimia oleo
8
7,255
Colville Holdings,
Setul, Negeri Sembilan.
Milikbebas
428
Kemajuan hartanah
-
9,950
KL-Kepong Complex,
Sungei Buloh, Selangor.
Milikbebas
16
Kemajuan hartanah
-
3,315
KL-Kepong Country Homes,
Ijok, Selangor.
Milikbebas
Milikpajak berakhir
pada 2082
1,089
9
Kemajuan hartanah
-
26,137
KL-Kepong Property Development,
Ijok, Selangor.
Milikbebas
93
Kemajuan hartanah
-
3,430
Kompleks Tanjong Malim,
Tanjong Malim, Perak.
Milikbebas
185
Kemajuan hartanah
-
3,866
Palermo Corporation,
Bagan Samak, Kedah.
Milikbebas
Kemajuan hartanah
-
11,961
8
––––––––
92
––––––––
353
––––––––
2,173
––––––––
53
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Hartanah Kumpulan
pada 30hb September, 1999
(Bersambung)
LOKASI
JENIS HAKMILIK
Annex & Brunwells,
Port Dickson, Negeri Sembilan.
Milikbebas
Bunge & Arundel,
Frasers Hill, Pahang.
KELUASAN
MENGIKUT
SURAT
HAKMILIK *
BUTIR-BUTIR
USIA
BANGUNAN
Tahun
NILAI
BUKU
BERSIH
RM’000
13,339 m.p.
Banglo peranginan
51
40
Milikpajak berakhir
di antara
2021 dan 2030
8,981 m.p.
Banglo peranginan
50
119
Wisma Taiko,
1, Jalan S.P. Seenivasagam,
Ipoh, Perak.
Milikbebas
2,984 m.p.
Bangunan Ibu
Pejabat
14
6,644
3, Jalan Taman U Thant,
Kuala Lumpur.
Milikbebas
2,092 m.p.
Banglo kediaman
37
1
5B, Jalan Tun Dr. Ismail,
Ipoh, Perak.
Milikbebas
3,123 m.p.
Banglo kediaman
33
1
10, Jalan Golf Club,
Ipoh, Perak.
Milikbebas
9,990 m.p.
Banglo kediaman
70
38
146, Jalan Dedap Batik,
Sierramas, Sg. Buloh,
Selangor.
Milikbebas
556 m.p.
Banglo kediaman
2
707
A33, Lembah Beringin,
Homestead, Selangor.
Milikbebas
4,317 m.p.
Lot banglo
-
284
Tinagat,
Tawau, Sabah.
Milikpajak berakhir
di antara
2921 dan 2930
Pejabat Tawau
6
1,137
New Wharf Road,
Lahad Datu, Sabah.
Milikpajak berakhir
pada 2066
3
––––––––
10
––––––––
Tanah kosong
-
3,434
2
AUSTRALIA
Erregulla Farm,
Mingenew, Australia Barat.
Milikbebas
5,290
Ladang biri-biri
dan gandum
-
3,083
Warrening Gully Farm,
Williams, Australia Barat.
Milikbebas
3,089
Ladang biri-biri
dan gandum
-
5,335
Torradup Farm,
Munglinup, Australia Barat.
Milikbebas
4,926
––––––––
13,305
––––––––
Ladang biri-biri
dan lembu
-
4,970
REPUBLIK RAKYAT CHINA
Nanjiang Port Area,
Tianjin.
Milikpajak berakhir
pada 2045
2
Instolasi bulking
3
12,088
Dingong Miao,
Baisha Zhou,
Wuchang, Wuhan.
Milikpajak berakhir
pada 2044
3
Kilang penapis
minyak
4
16,042
––––––––
5
––––––––
* Keluasan dalam hektar kecuali dicatatkan berlainan.
54
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Hartanah Kumpulan
pada 30hb September, 1999
LOKASI
(Bersambung)
JENIS HAKMILIK
KELUASAN
MENGIKUT
SURAT
HAKMILIK *
BUTIR-BUTIR
USIA
BANGUNAN
Tahun
NILAI
BUKU
BERSIH
RM’000
UNITED KINGDOM
6, Lovat Lane,
London.
Milikbebas
95 m.p.
Pejabat
149
3,903
55-57, South Edwardes Square,
London.
Milikbebas
391 m.p.
Pejabat
96
3,322
Gerrard Place,
Skelmersdale, Lancashire.
Milikbebas
2
Kilang kelenggapan
dandanan diri
26
3,340
Pontyclun,
Wales.
Milikbebas
2
Kilang kelenggapan
dandanan diri
36
10,727
Standard Soap,
Ashby-de-la Zouch,
Leicestershire.
Milikbebas
2
Kilang sabun
34
10,023
–––––––––
6
–––––––––
AMERIKA SYARIKAT
Woodstock,
Connecticut.
Milikbebas
16
–––––––––
Pejabat dan kilang
kelenggapan
dandanan diri
16
20,481
Milikbebas
2
–––––––––
Pejabat dan gudang
14
1,155
Milikbebas
1
–––––––––
Kilang kelenggapan
dandanan diri
7
7,718
KANADA
London Ontario,
Kanada.
PERANCIS
Vieux Thann,
Perancis.
Jumlah Besar
159,333
–––––––––
* Keluasan dalam hektar kecuali dicatatkan berlainan.
55
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Statistik Pemegangan Saham
pada 10hb Disember, 1999
MODAL SAHAM DIBENARKAN
MODAL TERBIT DAN TERBAYAR
KELAS SAHAM
- RM1,000,000,000
- RM712,516,128
- Saham berharga RM1 setiap satu
Huraian Pemegangan Saham
Saiz
Pemegang Saham
1 - 499
500 - 5,000
5,001 - 10,000
10,001 - 100,000
100,001 - 1,000,000
Lebih 1,000,000
JUMLAH
Bilangan
Pemegang Saham
255
6,408
1,213
1,315
195
35
––––––
9,421
––––––
––––––
% Pemegang
Saham
2.71
68.02
12.87
13.96
2.07
0.37
––––––
100.00
––––––
––––––
Bilangan
Saham
53,236
12,990,919
9,295,223
37,589,003
58,831,812
591,416,935
––––––––––––
710,177,128
––––––––––––
––––––––––––
% Modal
Saham Terbit #
0.01
1.83
1.31
5.29
8.28
83.28
––––––
100.00
––––––
––––––
Duapuluh Pemegang Saham Yang Terbesar dalam Daftar Ahli dan Rekod Pendeposit:-
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
Nama
Batu Kawan Berhad
Permodalan Nasional Berhad
Amanah Raya Nominees (Tempatan) Sdn. Bhd.
- Skim Amanah Saham Bumiputera
Employees Provident Fund Board (KWSP)
Lembaga Kemajuan Tanah Persekutuan (FELDA)
The Central Depository (Pte.) Limited
Amanah Raya Nominees (Tempatan) Sdn. Bhd.
- Sekim Amanah Saham Nasional
Amanah Raya Nominees (Tempatan) Sdn. Bhd.
- Amanah Saham Wawasan 2020
Malaysia Nominees (Tempatan) Sendirian Berhad
- Great Eastern Life Assurance (Malaysia) Berhad (MLF)
Malaysia National Insurance Berhad
Wan Hin Investments Sdn. Berhad
Song Kee Tin Mining Company Sdn. Berhad
HSBC Nominees (Asing) Sdn. Bhd.
- TMIS for United Nations Joint Staff Pension Fund
Chase Malaysia Nominees (Asing) Sdn. Bhd.
- Abu Dhabi Investment Authority
Lembaga Tabung Haji
Asia Life (M) Berhad
- Malaysia Life Fund
Yeoh Chin Hin Investments Sdn. Berhad
Cartaban Nominees (Asing) Sdn. Bhd.
- SSBT Fund ZV3M for IFC Emerging Markets Fund-Malaysia
Cartaban Nominees (Asing) Sdn. Bhd.
- SSBT Fund 2R26 for Bernstein Emerging Markets Value Portfolio
DB (Malaysia) Nominee (Asing) Sdn. Bhd.
- DB AG Frankfurt for RG Zelfselect Fund
JUMLAH
Bilangan
Saham
312,382,896
66,049,000
% Modal
Saham Terbit #
43.99
9.30
53,902,150
40,910,500
27,490,039
16,720,150
7.59
5.76
3.87
2.35
15,209,000
2.14
7,978,000
1.12
7,334,000
5,381,500
3,750,000
3,733,000
1.03
0.76
0.53
0.53
3,000,000
0.42
2,864,000
2,818,000
0.40
0.40
2,230,000
2,030,000
0.31
0.29
2,012,800
0.28
1,822,000
0.26
1,725,000
––––––––––––
579,342,035
––––––––––––
––––––––––––
0.24
––––––
81.57
––––––
––––––
# Pengiraan dibuat berdasarkan 710,177,128 saham yang tidak termasuk 2,339,000 saham perbendaharaan.
56
KUALA LUMPUR KEPONG BERHAD
(DITUBUHKAN DI MALAYSIA)
Statistik Pemegangan Saham
pada 10hb Disember, 1999 (Bersambung)
Pemegang Saham Utama
Mengikut daftar yang dikehendaki disimpan di bawah Seksyen 69L, Akta Syarikat, 1965, berikut adalah pemegang saham utama
syarikat:-
1.
2.
3.
4.
5.
6.
7.
8.
Nama
Batu Kawan Berhad *
Permodalan Nasional Berhad **
Amanah Raya Nominees (Tempatan) Sdn. Bhd.
- Skim Amanah Saham Bumiputera
Employees Provident Fund Board (KWSP)
Lembaga Kemajuan Tanah Persekutuan (FELDA)
The Central Depository (Pte.) Limited
(Sebagai amanah kosong; tiada sebarang pemilik benefisial
adalah pemegang saham utama)
HSBC Nominees (Asing) Sdn. Bhd.
(Sebagai amanah kosong; tiada sebarang pemilik benefisial
adalah pemegang saham utama)
Amanah Raya Nominees (Tempatan) Sdn. Bhd.
- Sekim Amanah Saham Nasional
Bilangan
Saham
312,382,896
66,049,000
% Modal
Saham Terbit #
43.99
9.30
53,902,150
41,261,500
27,490,039
16,720,150
7.59
5.81
3.87
2.35
16,142,049
2.27
15,209,000
2.14
*
Menurut Seksyen 6A, Akta Syarikat, 1965, kumpulan Wan Hin Investments Sdn. Bhd. juga dijangka sebagai pemegang
utama Syarikat. Dato’ Lee Oi Hian, Lee Hau Hian dan Lee Soon Hian masing-masing adalah pemegang saham utama Di-Yi
Sdn. Bhd., High Quest Holdings Sdn. Bhd. dan Elionai Sdn. Bhd. di mana seterusnya menjadi pemegang utama Wan Hin
Investments Sdn. Bhd. dan oleh demikian, semua pihak tersebut adalah juga dianggap sebagai pemegang saham utama
Syarikat menurut kepentingan anggapan mereka.
**
Menurut Seksyen 6A, Akta Syarikat, 1965, Yayasan Pelaburan Bumiputra juga dijangka sebagai pemegang utama Syarikat.
#
Pengiraan dibuat berdasarkan 710,177,128 saham yang tidak termasuk 2,339,000 saham perbendaharaan.
Hak Undi Pemegang Saham
Tiap-tiap ahli Syarikat yang menghadiri diri atau diwakili oleh proksi berhak satu undi dalam undian melalui tunjukan tangan, dan
jika diadakan undian melalui pol berhak satu undi bagi tiap-tiap saham dimiliki.
57