Laporan Tahunan 1999 Annual Report
Kandungan
Contents
Notis Mesyuarat Agung Tahunan
Notice of Annual General Meeting
Ahli Lembaga Pengarah dan
Maklumat Korporat
Board of Directors and
Corporate Information
Maklumat Pengurusan
Management Information
Struktur Korporat Kumpulan
Group Corporate Structure
Jawatankuasa Audit
Audit Committee
Penyata Pengerusi
Chairman’s Statement
Penyata Kewangan
Financial Statements
2
3
4
4
5
5
6-7
6-7
Logo Rationale
8
9
10 - 19
10 - 19
21
71
•
Laporan Para Pengarah
Directors’ Report
•
Akaun Untung Rugi
Profit and Loss Accounts
•
Kunci Kira-kira
Balance Sheets
27 - 28
77 - 78
•
Penyata Aliran Tunai Disatukan
Consolidated Cash Flow Statement
29 - 30
79 - 80
•
Nota-nota kepada Akaun
Notes to the Accounts
•
Kenyataan Para Pengarah
Statement by Directors
69
119
•
Akuan Berkanun
Statutory Declaration
69
119
•
Laporan Juruaudit kepada Ahli-ahli
Advance Synergy Berhad
Report of The Auditors to the Members
of Advance Synergy Berhad
22 - 25
72 - 75
26
76
31 - 68
81 - 118
70
120
•
Statistik Pemegangan Stok
Statistics on Stockholdings
121 - 122
121 - 122
•
Senarai Harta
List of Properties
123 - 127
123 - 127
Borang Proksi
Proxy Form
Rasional Logo
Dilampirkan
Enclosed
L
ogo ini, yang berbentuk bulat,
mengandungi simbol-simbol yang
mewakili api, air dan elemen-elemen
bumi yang berinteraksi secara konstan.
Interaksi elemen-elemen ini menjana
tenaga yang mengalir bebas. Tenaga ini
menghasilkan POKOK, simbol bagi
semua hidupan di bumi. Kedudukan
POKOK ini, di tengah logo, mewakili fokus
matlamat syarikat, iaitu penciptaan
kekayaan yang memberi manfaat kepada
para pemegang saham dan masyarakat
keseluruhannya. Secara holistik, logo ini
melambangkan tenaga sinergestik yang
sedang bergerak.
T
h i s l o g o , c i r c u l a r i n s h a p e , com
prises of symbols which represent
the fire, water, and earth elements in
constant interaction. The interaction of
these elements releases free flowing
energy which produces the TREE, a symbol
of all life on earth. Situated at the centre
of the logo, the TREE represents the focus
of the company goal which is the creation
of wealth benefiting shareholders and
society at large. The logo holistically,
symbolises synergistic energy in motion.
1
ADVANCE SYNERGY BERHAD
Notis Mesyuarat Agung Tahunan
DENGAN INI DIMAKLUMKAN bahawa MESYUARAT AGUNG TAHUNAN Ketujuh Puluh Enam Syarikat akan diadakan
di Dewan Thai, City Villa Kuala Lumpur, 69 Jalan Haji Hussein, 50300 Kuala Lumpur pada hari Isnin, 26 Jun 2000
pada 10.30 pagi untuk menjalankan urusan-urusan berikut:1.
Untuk menerima dan meluluskan akaun-akaun yang telah diaudit bagi tahun berakhir 31 Disember 1999 dan
laporan para pengarah dan juruaudit.
2.
Untuk meluluskan fi para pengarah bagi tahun berakhir 31 Disember 1999.
3.
Untuk melantik semula pengarah-pengarah yang bersara menurut Tataurusan Pertubuhan Syarikat.
4.
Untuk melantik juruaudit dan memberi kuasa kepada para pengarah untuk menetapkan imbuhan mereka.
5.
Sebagai urusan khas, menimbangkan dan, jika didapati wajar, meluluskan Resolusi Biasa berikut :“BAHAWA, sentiasa tertakluk kepada kelulusan autoriti-autoriti yang relevan, para pengarah adalah dan dengan
ini diberi kuasa, selaras dengan Seksyen 132D Akta Syarikat 1965, menerbitkan saham-saham Syarikat yang
baru, dari masa ke semasa dan menurut terma-terma dan syarat-syarat tertentu dan bagi tujuan tertentu menurut
pertimbangan mutlak para pengarah seperti yang mereka fikirkan sesuai asalkan bilangan agregat saham
yang akan diterbitkan selaras dengan resolusi ini tidak melebihi 10% daripada modal terbitan Syarikat yang
semasa dan lanjutan dari perumpukan saham-saham tersebut untuk menukarnya ke unit-unit stok baru yang
bernilai RM1.00 setiap satu DAN kuasa tersebut akan ada sehingga berakhir Mesyuarat Agung Tahunan Syarikat
yang akan datang.”
6.
Untuk menjalankan sebarang urusan biasa lain yang notis mengenainya telah diberikan.
DENGAN PERINTAH LEMBAGA PENGARAH
SNG NGIAP KOON
Setiausaha
Kuala Lumpur
9 Jun 2000
Nota :(1)
Seorang ahli Syarikat yang layak untuk menghadiri dan mengundi dalam mesyuarat agung layak untuk melantik
seorang proksi untuk menghadiri dan mengundi bagi pihak dirinya. Seorang proksi tidak semestinya seorang ahli
Syarikat.
(2)
Instrumen pelantikan proksi bagi individu hendaklah ditandatangani oleh pelantik atau peguamnya yang telah diberi
kuasa dan bagi syarikat, instrumen pelantikan proksi mestilah dengan menggunakan meterai syarikat atau
ditandatangani oleh seorang pegawai atau peguam yang telah diberi kuasa.
(3)
Instrumen pelantikan proksi mesti dihantar ke Pejabat Berdaftar Syarikat di Paras 29, Menara Shahzan Insas, 30
Jalan Sultan Ismail, 50250 Kuala Lumpur tidak lewat daripada 48 jam sebelum masa yang ditetapkan untuk
mengadakan mesyuarat atau sebarang penangguhannya.
NOTA PENJELASAN BAGI URUSAN KHAS
– Resolusi selaras dengan Seksyen 132D Akta Syarikat, 1965 :Resolusi Biasa selaras dengan Seksyen 132D Akta Syarikat, 1965, jika diluluskan, akan memberi kuasa kepada para
pengarah, dari tarikh Mesyuarat Agung di atas sehingga Mesyuarat Agung Tahunan yang akan datang, untuk
memperumpuk dan menerbitkan unit-unit stok Syarikat baru yang jumlahnya tidak melebihi 10% daripada modal terbitan
Syarikat yang semasa dan untuk tujuan tertentu yang para pengarah timbangkan untuk kepentingan Syarikat. Ini akan
mengelakkan sebarang kelewatan dan kos yang bersangkutan untuk mengadakan sebuah mesyuarat am yang bertujuan
meluluskan penerbitan unit-unit stok baru tersebut. Pemberian kuasa ini, kecuali ditarik balik atau dipinda di mesyuarat
am, akan luput pada Mesyuarat Agung Tahunan Syarikat yang akan datang.
(Borang proksi dilampirkan bersama-sama laporan dan akaun ini.)
2
Laporan Tahunan 1999 Annual Report
Notice of Annual General Meeting
NOTICE IS HEREBY GIVEN that the Seventy-Sixth ANNUAL GENERAL MEETING of the Company will be held at
the Dewan Thai, City Villa Kuala Lumpur, 69 Jalan Haji Hussein, 50300 Kuala Lumpur on Monday, 26 June 2000 at
10.30 a.m. for the following purposes:1.
To receive and adopt the audited accounts for the year ended 31 December 1999 and the directors’ and
auditors’ reports thereon.
2.
To approve directors’ fees for the year ended 31 December 1999.
3.
To re-elect directors retiring in accordance with the Company’s Articles of Association.
4.
To appoint auditors and to authorise the directors to fix their remuneration.
5.
As special business, to consider and, if thought fit, pass the following Ordinary Resolution :“THAT subject always to the approvals of the relevant authorities, the directors be and are hereby authorised,
pursuant to Section 132D of the Companies Act, 1965 to issue new shares in the Company, from time to time
and upon such terms and conditions and for such purposes as the directors may, in their absolute discretion
deem fit, provided that the aggregate number of shares issued pursuant to this resolution does not exceed
10% of the issued capital of the Company for the time being and upon allotment of such shares to convert the
same into new stock units of RM1.00 each AND THAT such authority shall continue in force until the
conclusion of the next Annual General Meeting of the Company.”
6.
To transact any other ordinary business of which due notice shall have been given.
BY ORDER OF THE BOARD
SNG NGIAP KOON
Secretary
Kuala Lumpur
9 June 2000
Notes :(1)
A member of the Company entitled to attend and vote at the general meeting is entitled to appoint a proxy to attend
and vote in his/her stead. A proxy need not be a member of the Company.
(2)
The instrument appointing a proxy in the case of an individual shall be signed by the appointer or his/her attorney
duly authorised and in the case of a corporation, the instrument appointing a proxy must be under its common seal
or under the hand of an officer or attorney duly authorised.
(3)
The instrument appointing a proxy must be deposited at the Registered Office of the Company at Level 29, Menara
Shahzan Insas, 30 Jalan Sultan Ismail, 50250 Kuala Lumpur not less than 48 hours before the time appointed for
holding the meeting or any other adjournment thereof.
EXPLANATORY NOTE ON SPECIAL BUSINESS
– Resolution pursuant to Section 132D of the Companies Act, 1965 :The Ordinary Resolution pursuant to Section 132D of the Companies Act, 1965, if passed, will empower the directors,
from the date of the above General Meeting until the next Annual General Meeting to allot and issue new stock units
in the Company up to an amount not exceeding in total 10% of the issued capital of the Company for the time being and
for such purposes as the directors consider would be in the interest of the Company. This would avoid any delay and
cost involved in convening a general meeting to specifically approve such an issue of new stock units. This authority,
unless revoked or varied at a general meeting will expire at the next Annual General Meeting of the Company.
(A proxy form is attached with this report and accounts.)
3
ADVANCE SYNERGY BERHAD
Ahli Lembaga Pengarah & Maklumat Korporat
Board of Directors & Corporate Information
Dato’ Ahmad Sebi Bakar
(Pengerusi Eksekutif /
Executive Chairman)
Aznan bin Haji Ismail
Dato’ Nik Ibrahim Kamil bin
Tan Sri Nik Ahmad Kamil
Wong Ah Nam
@ Wong Joon Tuang
Masri Khaw binti Abdullah
Sng Chong Khian
LEMBAGA PENGARAH /
BOARD OF DIRECTORS
Dato’ Ahmad Sebi Bakar
(Pengerusi Eksekutif / Executive Chairman)
Aznan bin Haji Ismail
Dato’ Nik Ibrahim Kamil bin Tan Sri Nik Ahmad Kamil
Wong Ah Nam @ Wong Joon Tuang
Masri Khaw binti Abdullah
Sng Chong Khian
SETIAUSAHA / SECRETARY
Sng Ngiap Koon
PENDAFTAR / REGISTRARS
Sectrars Services Sdn. Bhd.
No. 28-2, Jalan Tun Sambanthan 3, Brickfields
50470 Kuala Lumpur
Tel: 03-22746133
PEJABAT BERDAFTAR /
REGISTERED OFFICE
Level 29, Menara Shahzan Insas
30, Jalan Sultan Ismail, 50250 Kuala Lumpur
Tel: 03-2444029
JURUBANK UTAMA /
PRINCIPAL BANKERS
Southern Bank Berhad
JURUAUDIT / AUDITORS
BSN Commercial Bank (Malaysia) Berhad
BDO Binder
Akauntan Awam / Public Accountants
15th Floor, Wisma Hamzah Kwong Hing
No. 1, Leboh Ampang, 50100 Kuala Lumpur
Tel: 03-2322755
PEGUAMCARA / SOLICITORS
4
Shearn Delamore & Co
Mak & Associates
Laporan Tahunan 1999 Annual Report
Maklumat Pengurusan
Management Information
Pengerusi Eksekutif / Executive Chairman
Dato’ Ahmad Sebi Bakar
Pengurus Besar Kumpulan / Group General Manager
Sng Ngiap Koon
Penolong Khas kepada Pengerusi Eksekutif / Special Assistant to the Executive Chairman
Dato’ Abdul Manaf bin Abdul Hamid
PERANCANG KORPORAT DAN KEWANGAN /
CORPORATE PLANNING AND FINANCE
KEWANGAN DAN PENTADBIRAN /
FINANCE AND ADMINISTRATION
Penolong Pengurus Besar /
Assistant General Manager
Pengurus / Manager
Chin Kah Kit
Lee Su Nie
Ketua Bahagian / Section Head
Pengurus / Manager
Mohd Ariff bin Ali
Penolong Pengurus / Assistant Manager
Yap Siew Hwa
PEMBANGUNAN PERNIAGAAN /
BUSINESS DEVELOPMENT
Penolong Pengurus Besar /
Assistant General Manager
Chan Kian Heoi
Khoo Bee See
SUMBER TENAGA MANUSIA /
HUMAN RESOURCES
Pengurus Sumber Tenaga Manusia Kumpulan /
Group Human Resource Manager
Kong Kok Chin
KESETIAUSAHAAN / SECRETARIAL
Pengurus / Manager
Tan Mee Lian
SUMBER SEMULAJADI /
NATURAL RESOURCES
Penolong Setiausaha Syarikat /
Assistant Company Secretary
Pengurus Besar / General Manager
Ng Ah Ching
Sirat bin Othman
Chong Wai Ling
5
ADVANCE SYNERGY BERHAD
Struktur Korporat Kumpulan
Pada 30 April 2000
6
Laporan Tahunan 1999 Annual Report
Group Corporate Structure
As At 30 April 2000
7
ADVANCE SYNERGY BERHAD
Jawatankuasa Audit
AHLI-AHLI JAWATANKUASA
Encik Wong Joon Tuang
(Pengerusi)
(Pengarah Bukan Eksekutif Bebas)
Dato’ Nik lbrahim Kamil bin Tan Sri Nik Ahmad Kamil
(Pengarah Bukan Eksekutif Bebas)
Encik Aznan bin Haji Ismail
(Pengarah Bukan Eksekutif Bebas)
BIDANG KUASA
•
untuk mengkaji semula pelan audit dengan juruaudit luar;
•
untuk mengkaji semula penilaian sistem kawalan perakaunan dalaman dengan juruaudit luar;
•
untuk mengkaji semula laporan audit dengan juruaudit luar;
•
untuk mengkaji semula bantuan yang diberikan oleh pegawai Syarikat kepada juruaudit luar;
•
untuk mengkaji semula skop dan hasil tatacara audit dalaman dengan juruaudit dalaman;
•
untuk mengkaji semula penyata kewangan dan dasar perakaunan Syarikat serta penyata kewangan yang
telah disatukan, yang dikemukakan kepada Jawatankuasa Audit oleh Syarikat dan selepas itu untuk mengemukakannya kepada Lembaga Pengarah Syarikat;
•
untuk mengkaji semula sebarang urus niaga pihak yang berkaitan yang mungkin berbangkit di dalam
Syarikat atau Kumpulan;
•
untuk mengesyorkan pelantikan Juruaudit Luar dan imbuhan mereka;
•
untuk mengesyorkan pelantikan Ketua Juruaudit Dalaman dan imbuhannya;
•
untuk mengkaji semula belanjawan tahunan Jabatan Audit Dalaman; dan
•
tugas-tugas lain yang mungkin dipersetujui oleh Jawatankuasa Audit dan Lembaga Pengarah.
8
Laporan Tahunan 1999 Annual Report
Audit Committee
COMPOSITION OF MEMBERS
Mr. Wong Joon Tuang
(Chairman)
(Independent Non-Executive Director)
Dato’ Nik Ibrahim Kamil bin Tan Sri Nik Ahmad Kamil
(Independent Non-Executive Director)
Encik Aznan bin Haji Ismail
(Independent Non-Executive Director)
TERMS OF REFERENCE
•
to review, with the external auditors, the audit plan;
•
to review, with the external auditors, the evaluation of the system of internal accounting controls;
•
to review, with the external auditors, his audit reports;
•
to review the assistance given by the Company’s officers to the external auditors;
•
to review the scope and results of the internal audit procedures with the internal auditors;
•
to review the financial statements and accounting policies of the Company and the consolidated financial
statements submitted to the Audit Committee by the Company and thereafter to submit them to the Board of
Directors of the Company;
•
to review any related party transactions that may arise within the Company or the Group;
•
to recommend the appointment of the External Auditors and their remuneration;
•
to recommend the appointment of the Chief Internal Auditor and his remuneration;
•
to review the annual budget of the Internal Audit Department; and
•
other functions as may be agreed to by the Audit Committee and the Board of Directors.
9
ADVANCE SYNERGY BERHAD
Penyata Pengerusi
Risalah Home Mate dan Touch’ n Go
Oleh itu, para pengarah tidak mengesyorkan
pembayaran dividen untuk tahun kewangan
berakhir 31 Disember 1999.
PENGENALAN
Bagi pihak ahli Lembaga Pengarah, saya dengan
sukacitanya mengemukakan Laporan Tahunan dan
Akaun untuk Syarikat dan Kumpulan bagi tahun
kewangan berakhir 31 Disember 1999.
Hasil dari langkah berani dan pragmatik yang diambil
oleh Kerajaan dalam tahun 1999, ekonomi Malaysia
telah mencatat pertumbuhan positif dalam suku kedua
tahun tersebut. Justeru pertumbuhan positif yang
berterusan dalam suku ketiga, Syarikat terus
melaksanakan program rasionalisasinya bagi bertahan
dalam situasi kelembapan ekonomi.
Selain dari langkah-langkah penyusunan semula dan
penjimatan kos yang masih berlangsung, Syarikat telah
juga melepaskan pelaburannya yang tidak menjana
pulangan yang mencukupi serta melaksanakan
penyusunan semula pinjaman-pinjaman bank.
Di penghujung latihan rasionalisasi ini, akan terhasil
sebuah organisasi yang mempunyai asas yang mantap
dan berkedudukan strategik untuk meneroka peluangpeluang yang akan menjelma pada alaf baru ini.
Kesan dari langkah-langkah yang dilaksanakan ini
dan pemulihan ekonomi dalam tahun 1999 telah
membawa satu peningkatan menyeluruh dalam prestasi
Kumpulan untuk tahun kewangan yang berkenaan
berbanding tahun 1998.
PENCAPAIAN KEWANGAN
Kumpulan telah mencatatkan penghasilan sebanyak
RM698.3 juta pada tahun 1999 berbanding RM899.8 juta
pada tahun 1998. Ini menunjukkan pengurangan
sebanyak 22.4%. Bagaimanapun, hasil dari peningkatan
prestasi keseluruhan pada tahun 1999, untung Kumpulan
sebelum cukai dan sebelum butiran luar biasa, telah
mencatat sebanyak RM64.3 juta bagi tahun kewangan
berakhir 31 Disember 1999, berbanding rugi sebelum
cukai dan butiran luar biasa, bernilai RM109.9 juta bagi
tahun kewangan berakhir 31 Disember 1998.
Pelupusan kepentingan Kumpulan dalam Ban Hin
Lee Bank Berhad sepanjang tahun kewangan ini telah
menyebabkan kerugian luar biasa bernilai RM117.1 juta.
Ini telah mengakibatkan kerugian kepada para
pemegang stok berjumlah RM58.0 juta, iaitu kerugian per
unit stok sebanyak 17.18 sen (1998 : 81.80 sen) untuk
tahun kewangan berakhir 31 Disember 1999.
10
TINJAUAN OPERASI KUMPULAN
SEKTOR PERBANKAN DAN KHIDMAT KEWANGAN
Syarikat-syarikat subsidiari utama United Merchant
Group Berhad (“UMG”), iaitu United Merchant Finance
Berhad (“UMF”) dan Perdana Merchant Bankers
Berhad (“PMB”) telah berjaya merubah kerugian
sebanyak RM206 juta yang dialami dalam tahun 1998
kepada keuntungan yang disumbangkan kepada
keuntungan kumpulan sebanyak RM113.2 juta.
Bagaimanapun, keuntungan ini telah diserap oleh
kerugian sebanyak RM117.1 juta dari penjualan Ban
Hin Lee Bank Berhad (“BHL”) serta caj faedah
sebanyak RM19.7 juta bagi tahun 1999; mengakibatkan
kerugian sebanyak RM24.4 juta kepada kumpulan.
Memandangkan pemulihan suasana ekonomi yang
pesat, UMF dan PMB telah membayar sepenuhnya
Pinjaman Modal Subordinat Boleh Ubah (“ESCL”), pada
awal bulan Februari 2000, sebanyak RM850 juta yang
diambil dari Danamodal Nasional Berhad pada bulan
Oktober 1998.
Selaras dengan program penggabungan bank dan
institusi kewangan di Malaysia yang dikendalikan oleh
Bank Negara Malaysia, UMG telah menjual keseluruhan
pegangan ekuitinya dalam BHL. Walaupun mengalami
kerugian atas penjualan pelaburan dalam BHL, UMG
telah menggunakan perolehan tersebut untuk membayar
sepenuhnya semua pinjaman bank dan selain dari
mendapat lebihan baki tunai sejumlah lebih kurang
RM100 juta untuk pelaburan masa hadapan.
Pada bulan Januari 2000, UMG telah melaksanakan
satu perjanjian penjualan saham bersyarat dengan
Southern Bank Berhad (“SBB”) untuk melupuskan
keseluruhan kepentingan ekuitinya dalam UMF kepada
SBB secara tunai. Penjualan yang dijangka menjana
sekurang-kurangnya RM320 juta tunai ini telah
mendapat kelulusan daripada Yang Berhormat Menteri
Kewangan dan kini menanti kelulusan daripada Pihak
Berkuasa dan pemegang saham kedua-dua pihak yang
terlibat dalam penjualan tersebut.
Syarikat juga sedang merundingkan penjualan
50.1% kepentingan ekuitinya dalam PMB kepada SBB.
Penjualan ini tertakluk kepada kelulusan Yang
Berhormat Menteri Kewangan dan para pemegang
saham.
Laporan Tahunan 1999 Annual Report
Chairman’s Statement
ATM facility provided by UMF
INTRODUCTION
On behalf of the Board of Directors,
I am pleased to present the Annual Report and Accounts of the Company and
the Group for the financial year ended 31 December 1999.
The Malaysian economy registered positive growth
in the second quarter of the year as a result of the bold
and pragmatic moves undertaken by the Government
in1999. In the light of this positive growth, which continued into the third quarter, the Company continued to
pursue its rationalisation programme to weather the
economic slowdown.
In addition to on-going reorganisation and costsaving measures, the Company had also undertaken
to divest investments which did not generate sufficient
earnings contribution as well as the restructuring of bank
borrowings.
The end result of this rationalisation exercise will see
a more focused organisation with a sound foundation
strategically positioned to explore and exploit the emerging opportunities in the New millennium.
The impact of the measures undertaken and the
recovering economy in 1999 had brought about an
overall improvement in Group performance for the year
under review, compared to 1998.
FINANCIAL RESULTS
The Group recorded a total turnover of RM698.3 million in 1999 representing a decrease of 22.4% compared to RM899.8 million in 1998. However, as a
result of improved overall performance in 1999, Group
pre-tax profits before exceptional items of RM64.3
million was recorded for the financial year ended 31 December 1999 as compared to a pre-tax loss before
exceptional items of RM109.9 million for the financial
year ended 31 December 1998.
The disposal of the Group’s interest in Ban Hin Lee
Bank Berhad during the year resulted in an exceptional
loss of RM117.1 million; a total loss attributable to stockholders of RM58.0 million representing a loss per stock
unit of 17.18 sen (1998: 81.80 sen) for the financial year
ended 31 December 1999.
In view of the loss for the Group, the Directors do
not recommend any dividend payment for the financial
year ended 31 December 1999.
GROUP REVIEW OF OPERATIONS
BANKING AND FINANCIAL SERVICES SECTOR
The principal subsidiaries of United Merchant Group
Berhad (“UMG”) namely United Merchant Finance
Berhad (“UMF”) and Perdana Merchant Bankers
Berhad (“PMB”) managed to achieve a turnaround from
their combined losses of RM206 million incurred in the
financial year 1998 and returned to profitability in the
financial year 1999 with a total contribution to group profit
of RM113.2 million. However, this profit was absorbed
by the loss of RM117.1 million incurred on the sale of
Ban Hin Lee Bank Berhad (“BHL”) and interest charges
of RM19.7 million incurred in 1999; resulting in a group
loss of RM24.4 million.
In view of the rapidly improving economic environment, UMF and PMB had fully repaid by early February 2000, the RM850 million Exchangeable Subordinated Capital Loan (“ESCL”) from Danamodal Nasional
Berhad taken in October 1998.
In line with the merger programme for banking and
financial institutions in Malaysia drawn up by Bank
Negara Malaysia, UMG had sold its entire shareholding
in BHL. Although a loss was incurred on the sale of the
investment in BHL, UMG had utilised the proceeds to
repay all its bank borrowings in full and realised a surplus cash balance of approximately RM100 million for
future investments.
In January 2000, UMG concluded a conditional sale
of share agreement with Southern Bank Berhad (“SBB”)
to dispose its entire equity interest in UMF to SBB for
cash. This sale, which is expected to generate at least
RM320 million in cash, has received the approval of the
Honourable Minister of Finance and is now pending the
approval of the Authorities and the shareholders of both
parties to the sale.
The Group is also currently negotiating to sell a
50.1% equity interest in PMB to SBB. This sale will be
subject to the approval of the Honourable Minister of
Finance and the shareholders.
With the completion of the divestment of the Group’s
remaining investments in UMF, PMB and Perdana Finance Berhad, the Group will have nearly half a billion
Ringgit in cash resources to exploit opportunities in both
the “Old” and “New” economies.
11
ADVANCE SYNERGY BERHAD
Penyata Pengerusi
Antara produk Synergy Cards;
Tahun Melawat Selangor 2000,
Pelangi, MRCA Sony, MNI dan
Pakej MAS Golden Holiday
Dengan penyempurnaan pelupusan baki pelaburan
Syarikat dalam UMF, PMB dan Perdana Finance
Berhad, Syarikat akan memiliki hampir setengah bilion
ringgit dalam bentuk tunai bagi meneroka peluang dalam
kedua-dua ekonomi “Lama” dan “Baru”.
SEKTOR PERKHIDMATAN KAD DAN
PEMBAYARAN
Synergy Card and Payment Services Sdn. Berhad
(“Synergy Card”) mampu bertahan dalam kegawatan
yang lalu dengan mengambil langkah penyusunan
semula dan pembangunan produk secara menye-luruh
bagi mengurangkan kos operasi serta mengekalkan
bahagian pasarannya. Usaha yang dilaksanakan itu
termasuklah menempatkan semula dan memperkemas
unit operasinya serta memberi penumpuan terhadap
pembangunan dan pengeluaran produk kad tanpa
bayaran.
Sorotan aktiviti peningkatan perkhidmatan yang
penting dan pelancaran produk baru sepanjang tahun
termasuklah:
t Program kesetiaan pengguna yang digelar program GrandHost Rewards telah dilancarkan. Program yang disokong oleh MasterCard International
Inc. ini dilancarkan dengan kerjasama perkhidmatan
Kad Arab Malaysian melalui peng-hantaran borang
pendaftaran kepada pemegang MasterCard mereka.
Penyertaan awal diberi keahlian AXA Motor
Assistance percuma selama setahun; yang
menawarkan perkhidmatan pembaikan di jalanan
dan penundaan kereta. Peserta awal juga
berpeluang menyertai peraduan yang ditaja oleh
MAS Golden Holidays. Keunikan program kesetiaan
ahli ini ialah baucer dan kad tambahan
atau pengenalan khas tidak dikeluarkan.
P e m e g a n g kad b o l e h m e n d a f t a r
sehingga tiga akaun kad kredit dengan
program GrandHost Reward. Hanya
pemegang kad dan Synergy Card tahu
tentang faedah yang diperoleh.
Pemegang kad mengumpulkan ganjaran
apabila membeli atau men-jalankan urus niaga di
mana-mana 200 peniaga GrandHost di seluruh
negara. Para peniaga ini seperti restoran, hotel,
lounge, bar, saluran runcit, agensi pelan-congan,
syarikat perkhidmatan kereta serta kelab golf dan
desa memberikan sehingga 30% nilai pembelian
dalam bentuk rebet tunai atau mata GrandHost yang
boleh ditebus dengan makan malam, penginapan,
hadiah percuma atau pakej percutian MAS Golden
Holidays.
Synergy Card menjangkakan 200,000
pemegang kad kredit akan menyertai program
GrandHost dalam tempoh dua tahun akan datang
dan penambahan penyertaan para peniaga
GrandHost sebanyak 25% dalam masa setahun.
t Program kad Cash-In Rebate yang sedia ada telah
berkembang dengan pesat sepanjang tahun
sehingga mencatatkan bilangan pemegang kad
melebihi satu juta orang. Kad ini dikeluarkan
bersama dengan penyertaan institusi baru seperti
Malaysian Retail-Chains Association, Malaysia
National Insurance, Pelangi Airways Malaysia dan
Sony (Malaysia) Sdn. Bhd.
Penyertaan peniaga Cash-In Rebate juga
bertambah sepanjang tahun menjadikan jumlahnya
lebih daripada 3,000 peniaga di seluruh Malaysia.
t Gateway Discount Card terus mengekalkan dan
mengembangkan bahagian pasarannya berikutan
pengeluaran Gateway Card yang berjenama,
bersama, sempena MAS Golden Holidays dan
Tahun Melawat Selangor 2000 kelolaan Kerajaan
Negeri Selangor.
Sepanjang tahun 1999, Gateway berjaya
mengembangkan operasinya kepada lebih daripada
100,000 pemegang kad dan lebih daripada 8,000
peniaga.
Selaras dengan pemulihan ekonomi, Synergy Card
bersedia untuk melancarkan semula
produk bayaran pada masa terdekat
sambil terus mengukuhkan serta
mengembangkan produk kad tanpa
bayaran dan program kesetiaannya.
Logo GrandHost
12
Laporan Tahunan 1999 Annual Report
Chairman’s Statement
CARD AND PAYMENT SERVICES
SECTOR
Synergy Card and Payment Services Sdn
Berhad (“Synergy Card”) remained resilient during the difficult year by undertaking major reorganisation and product development efforts to reduce operational costs
and maintain its market share. These efforts include
relocating and streamlining its operational units and
concentrating on the development and issuance of
non-payment card products.
Highlights of some major service enhancement activities and new products launches during the year include the following:
t A consumers’ loyalty programme called GrandHost
Rewards programme was launched. Supported by
MasterCard International Inc., the programme was
launched in cooperation with Arab Malaysian Card
services with mailing of enrolment forms to their
MasterCard holders.
Early birds enjoyed a one-year free membership
with AXA Motor Assistance for roadside repairs
and car towage, and a chance to enter a contest
sponsored by MAS Golden Holidays. The uniqueness of this loyalty programme is that there are no
vouchers and additional cards or special identification to be issued. Cardholders can register up to
three of their credit card accounts with the GrandHost
Reward programme and only the cardholder and
Synergy Card are aware of the privileges enjoyed.
Cardholders discreetly earned rewards when
purchases or transactions are made at any of the
200 GrandHost merchants nationwide. These merchants, which include restaurants, hotels, lounges,
bars, retail outlets, travel agencies, auto service
companies, golf and country clubs, grant up to
30% of the purchase value in either cash rebates
or in GrandHost points that can be redeemed for
free dining, accommodation, gifts or MAS Golden
Holiday packages.
Synergy Card expects 200,000 credit
cardholders to sign up for GrandHost over the next
two years and the current number of participating
GrandHost merchant to grow by 25%
over the next year.
From left to right: Mr. Jim
Cheah, Director - Member
Relations & Marketing ,
SEA, MasterCard Int. Inc.,
Mr. KK Ng, Managing
Director, Synergy Card &
Payment Services Sdn.
Bhd. and En. Azman,
Managing Director, Arab
Malaysian Bank Berhad –
unveiling the GrandHost
acceptance decal during
the official launch,
December 1999
programme grew explosively over the year to above
one million cardmembers. The card was also jointly
issued with new participating institutions such as the
Malaysian Retailer-Chains Association, Malaysia
National Insurance, Pelangi Airways Malaysia and
Sony (Malaysia) Sdn. Bhd.
The number of participating Cash-In Rebate
merchants also grew during the year to more than
3,000 merchants throughout the nation.
t Gateway Discount Card continued to maintain and
expand its market share with the issuance of
co-branded Gateway Cards in conjunction with
MAS Golden Holidays and the Selangor State
Government’s Visit Selangor Year 2000.
For the year 1999, Gateway managed to grow
their base to more than 100,000 cardmembers and
more than 8,000 participating merchants.
In line with the recovering economy, Synergy Card
is poised to relaunch its payment products in the immediate
future, whilst it continues to strengthen and expand its
non-payment card products and loyalty programmes.
GENERAL INSURANCE SECTOR
During the year, Perdana Cigna Insurance Bhd
(“Perdana Cigna”) was renamed ACE Synergy Insurance
Berhad (“ACE Synergy”), as a result of the acquisition of
the domestic and international property and casualty
insurance division of Perdana Cigna’s parent company CIGNA Corporation - by ACE Limited on 2 July 1999. ACE
Limited, listed on the New York Stock Exchange, is the
holding company for the ACE Group of Companies, which
in turn is one of the world’s largest providers of insurance
and reinsurance products and services.
t The existing Cash-In Rebate Card
ACE Synergy logo
13
ADVANCE SYNERGY BERHAD
Penyata Pengerusi
Villa Gold Card menawarkan
pelbagai faedah kepada pemegang
kad
SEKTOR INSURANS AM
Perdana Cigna Insurance Bhd (“Perdana Cigna”) diubah
namanya kepada ACE Synergy Insurance Berhad (“ACE
Synergy”) pada tahun kewangan yang lepas kerana
pemerolehan bahagian insurans harta tanah domestik
dan antarabangsa serta insurans kasualti milik syarikat
induk Perdana Cigna-CIGNA Corporation oleh ACE
Limited pada 2 Julai 1999. ACE Limited, yang
disenaraikan di pasaran saham New York adalah
syarikat pemegangan ACE Group of Companies. ACE
Group of Companies pula adalah salah satu syarikat
pengeluar yang terbesar di dunia bagi produk dan
khidmat insurans dan penginsuranan semula barangan
dan perkhidmatan.
Walaupun menghadapi persaingan pasaran dan
pergolakan ekonomi tahun lalu, ACE Synergy merekodkan peningkatan keuntungan sebanyak 61% selepas
cukai, iaitu RM19.89 juta bagi tahun kewangan berakhir
31 Disember 1999. Syarikat mencatatkan pertumbuhan
positif dengan peningkatan premium bersih sebanyak
9% kepada RM45.82 juta, berbanding RM41.99 juta
pada tahun sebelumnya. Keuntungan pengunderaitan
bertambah 7.5% kepada RM11.25 juta, berbanding
RM10.47 juta pada tahun sebelumnya.
Prestasi cemerlang syarikat disumbangkan oleh
beberapa faktor kejayaan seperti komitmen kepada
perniagaan utama, strategi pengekalan pelanggan
yang kukuh, struktur organisasi yang cekap dan
keupayaannya sebagai penyelesai sejagat yang
mempunyai kepakaran tempatan dan antarabangsa.
Syarikat ini adalah perintis dan
pemimpin pasaran dalam pemasaran
produk insurans kemalangan dan
kesihatan melalui saluran bukan
tradisional seperti pemasaran langsung
dan telepasaran. Ia mempunyai kepakaran yang
terbukti, keinovasian, keupayaan membuat pengunderaitan berisiko tinggi dan terkhusus, dalam
projek komersial dan industri.
ACE S y n e r g y menjangkakan pertumbuhan
p o s i t i f l e b i h d a r i p a d a 2 0 % u n t u k tahun 2000.
Pertumbuhan ini d i j a n g k a d i p e r o l e h daripada
pembukaan saluran pengedaran baru, perluasan
geografi, pelancaran produk dan perkhidmatan
inovasi untuk s e g m e n p a s a r a n k h u s u s , s e r t a
daripada pembangunan sebuah platfom e-dagang bagi
meningkatkan khidmat pelanggan.
SEKTOR HOTEL DAN TEMPAT PERANGINAN
Kesan gabungan usaha penyusunan semula yang
dijalankan oleh Kumpulan pada tahun lepas dan
p e m u l i h a n e k o n o m i p a d a t a h u n 1999 t e l a h
membolehkan Kumpulan mencapai hasil operasi yang
memuaskan sepanjang tahun.
Sorotan penting pencapaian Kumpulan sepanjang
tahun termasuklah aktiviti-aktiviti berikut:
t Pembukaan rasmi Hotel ulung Malaysia di Sudan,
pada 13 November 1999 iaitu Grand Holiday Villa
Khartoum yang dahulunya dikenali sebagai The
Grand Hotel. Hotel yang bersejarah ini terletak di
pusat perdagangan Khartoum dan menghadapi
Sungai Nil yang masyhur. Upacara perasmian ini
telah dilakukan oleh Menteri Alam Sekitar dan
Pelancongan Sudan, Tuan Yang Terutama Mohamed
Tahir Ella yang mewakili Presiden Republik
Sudan. Lebih kurang 200 orang kenamaan,
pegawai kerajaan dan perdagangan menghadiri
upacara tersebut. Para tetamu telah disambut oleh
tuan rumah Malaysia yang diketuai oleh pengerusi
Antara Holiday Villas Sdn. Bhd., Encik Azman Shah
Haron dan Pengarah Eksekutifnya, Puan Mavis
Masri Azman.
Sijil cenderamata Holiday Villa “Be Our
Guest”
14
Laporan Tahunan 1999 Annual Report
Chairman’s Statement
The Minister of
Environment and Tourism
of Sudan, Mr. Mohamed
Tahir Ella (in white robe)
cutting a ‘pulut kuning’ at
the launching of Grand
Holiday Villa Khartoum.
Giving him a helping hand
is En. Azman Shah Haron
(right) and Pn. Marvis
Azman (left)
Despite the competitive market environment and the
turbulent economic climate last year, ACE Synergy
recorded a 61% jump in after tax profits to RM19.89
million for the year ended December 31, 1999. The
company registered positive growth with net premium up
9% to RM45.82 million from RM41.99 million previously.
Underwriting profits increased 7.5% and stood at
RM11.25 million against RM10.47 million the year before.
The company’s excellent performance was attributed
to several success factors such as commitment to core
businesses, a strong customer retention strategy, an
efficient organisation structure and its capabilities as a global
solution provider with local and international expertise.
The company is a pioneer and market leader in
marketing of accident and health insurance products
through non-traditional channels such as direct marketing
and telemarketing. It has proven expertise, innovativeness
and capability in underwriting large and specialised risks
in commercial and industrial projects.
ACE Synergy expects positive growth in excess of
20% for year 2000. This growth is expected to come
from the opening up of new distribution channels,
geographical expansion, the launching of innovative
products and services for specific market segments as
well as from the development of an e-commerce platform
to enhance customer service.
HOTELS AND RESORTS SECTOR
The combined effects of the reorganisation efforts
undertaken by the Group last year and the recovering
economy in 1999, had enabled the Group to achieve a
satisfactory operating result during the year.
Highlights of the Group’s achievements during the
year include the following activities:
t Malaysia’s only hotel in Sudan, the historic Grand Holiday
Villa Khartoum, located in the commercial hub of
Khartoum and fronting the famed river Nile, was
officially opened on 13 November 1999. The opening
ceremony was officiated by the honourable Minister
of Environment and Tourism of Sudan, His Excellency Mr Mohamed Tahir Ella. More than 200 foreign
dignitaries, government and trade officials attended
the ceremony. The guests were warmly received by
the Malaysian hosts headed by the chairman of Antara
Holidays Villas Sdn. Bhd., Encik Azman Shah Haron
and Executive Director Puan Mavis Masri Azman.
t Holiday Villa Hotels and Resorts launched its new
Villa Gold Card membership programme dedicated
to its regular corporate clients in recognition of their
valued support. Card members can enjoy exclusive
Holiday Villa Preferred Rates and other priviledges
at any of Holiday Villa’s choice locations worldwide.
These priviledges include discounts in food and
beverages as well as for services rendered at the
business center, in addition to welcome ceremonies
and room upgrading upon availability.
t Launching of the Holiday Villa’s “Be Our Guest” 1999
gift certificate programme which offers one night
complimentary stay, meals and beverage discounts
at participating hotels in Malaysia. The programme
is also a Holiday Villa corporate community service
project in which 5% of each gift set sold is donated
to Yayasan Kebajikan Anak-Anak Yatim Malaysia
(YATIM). An estimated total of RM15,000 was raised
for the cause last year.
t In welcoming the New millennium, Holiday Villa
Cherating and Holiday Villa Langkawi underwent
upgrading works which saw facelifts done to the
guestrooms, coffee house and lobby areas.
15
ADVANCE SYNERGY BERHAD
Penyata Pengerusi
Rumah teres setingkat Fasa 17,
Taman Jay a, Jalan Matang,
Kuching, Sarawak
t Holiday Villa Hotels And Resorts telah melancarkan
program keahlian Villa Gold Card yang baru untuk
pelanggan tetap korporat, sebagai penghargaan
terhadap sokongan mereka yang tidak ternilai.
Pemegang kad boleh menikmati kadar eksklusif
Holiday Villa Preferred di mana-mana lokasi pilihan
Holiday Villa seluruh dunia. Keistimewaan ini
termasuk diskaun harga untuk makanan dan
minuman serta perkhidmatan di pusat perniagaan,
selain majlis sambutan dan kenaikan taraf bilik
sekiranya ada.
t Pelancaran program sijil hadiah Holiday Villa
bernama “Be Our Guest” 1999 menawarkan
penginapan percuma satu malam, diskaun makanan
dan minuman di hotel Malaysia yang menyertai
program tersebut. Program tersebut juga adalah
projek khidmat masyarakat korporat Holiday Villa.
Sebanyak 5% daripada setiap set hadiah yang dijual
didermakan kepada Yayasan Kebajikan Anak Yatim
Malaysia (YATIM). Adalah dianggarkan sejumlah
RM15,000 telah dikumpul bagi tujuan ini pada tahun
lepas.
t Sempena menyambut kedatangan alaf baru,
Holiday Villa Cherating dan Holiday Villa
Langkawi telah melaksanakan kerja-kerja baik
pulih pada bilik tetamu, coffee house dan ruang
legarnya.
Pemulihan ekonomi serta sokongan dan insentif
yang diberikan oleh Kerajaan kepada industri keraian
dan pelancongan akan membuka peluang yang lebih
besar bagi Kumpulan mengembangkan bahagian
pasarannya dalam masa terdekat.
SEKTOR PELABURAN DAN PEMBANGUNAN
HARTA TANAH
Sepanjang tahun ini, Advance Synergy Realty Sdn.
B h d . t e r u s m e m b e r i tumpuan kepada pembangunan rumah kos sederhana yang melibatkan projek
Taman Matang Jaya. Setakat ini, lebih kurang separuh
16
daripada projek yang terdiri daripada pelbagai jenis
rumah kediaman, ruang perdagangan dan pejabat
serta pangsapuri telah disiapkan.
Selaras dengan pemulihan ekonomi, Syarikat yakin
akan mencapai kedudukan sebagai pemimpin pasaran
dalam pembangunan harta tanah kos serdehana di
Kuching dalam masa akan datang.
SEKTOR PERKILANGAN
Akan terdapat pengurangan pelaburan dalam sektor
perkilangan yang melibatkan Plastic Centre Sdn. Berhad
(“Plastic Centre”), Advance Synergy Furniture Sdn. Bhd.
dan Acrylic Synergy Sdn. Bhd. pada tahun ini.
Cadangan penjualan Plastic Centre adalah
s e b a h a g i a n dari langkah rasionalisasi untuk
melupuskan pelaburan yang tidak menjana pulangan
yang memadai kepada pendapatan Kumpulan. Walau
bagaimanapun, Kumpulan akan terus mengekalkan
kepentingannya dalam PC Ventures Sdn. Bhd. dan
Calmford Incorporated melalui Plastic Centre. Calmford
akan terus menjadi syarikat pemegangan pelaburan
bagi Kumpulan untuk lain-lain kegiatan perkilangan luar
negara di masa hadapan.
Kumpulan sedang menilai semula keseluruhan
potfolio pelaburan dalam sektor industri, di dalam dan
luar Malaysia.
SEKTOR SUMBER ALAM
Kumpulan mengekalkan pendekatan berhati-hati dalam
pelaburannya di sektor sumber alam.
Sepanjang tahun kewangan yang lepas, Kumpulan
telah melupuskan 15% kepentingan ekuitinya dalam
Gulf Petroleum Company (Sudan) Limited (“Gulf
Petroleum”). Ini diikuti pula pada Februari 2000, dengan
pelupusan 15% lagi kepentingan ekuiti syarikat dalam
mana separuh dari bayarannya telah pun dibuat.
Gulf Petroleum tidak berkemungkinan membuat
sumbangan yang ketara terhadap pendapatan
Kumpulan dalam masa terdekat ini. Selain dari itu
adalah dianggarkan pelaburan tambahan diperlukan
Laporan Tahunan 1999 Annual Report
Chairman’s Statement
The recovery of the economy and the support and
incentives given by the Government to the hospitality
and tourism industry will provide greater opportunity for
the Group to expand its market share in the immediate
future.
Group for all other future overseas manufacturing
ventures.
The Group is currently evaluating its overall investment
portfolios in the industrial sectors, both within and
outside Malaysia.
PROPERTY INVESTMENT AND DEVELOPMENT
SECTOR
NATURAL RESOURCES SECTOR
During the year, Advance Synergy Realty Sdn.
Bhd. continued to focus on medium cost housing
development involving the Taman Matang Jaya
project. To date about half of the project consisting of
various types of residential houses, commercial and
office space and apartments had been completed.
With the recovery of the economy, the company is
confident of achieving a market leader position in
property development of medium cost properties in
Kuching in the near future.
MANUFACTURING SECTOR
The year witnessed the scaling down of investments
in the manufacturing sector which affected Plastic
Centre Sdn. Berhad (“Plastic Centre”), Advance
Synergy Furniture Sdn. Bhd. and Acrylic Synergy Sdn.
Bhd.
The proposed disposal of Plastic Centre is part of
the rationalisation exercise to divest investments, which
did not generate sufficient contribution to the Group’s
earnings. However, the Group will continue to retain
its interest in PC Ventures Sdn. Bhd. and Calmford
Incorporated through Plastic Centre. Calmford will
continue to be the investment holding company of the
The Group maintained a cautious approach in its
investments in the natural resources sector.
During the year, the Group completed the disposal
of its 15% equity interest in Gulf Petroleum Company
(Sudan) Limited (“Gulf Petroleum”) with a further
disposal of the balance of 15% equity interest in
the same company in February 2000 whereby part
payment of the the purchase consideration had been
made. It was unlikely that Gulf Petroleum would
make any significant contribution to the Group’s
earnings in the near future. Further it was projected
that additional funding was required from the
shareholders before Gulf Petroleum can commence
full commercial operations.
The disposal therefore provided an opportunity for
the Group to immediately recover its investment cost in
Gulf Petroleum and the sales proceeds would be utilised
to fund the working capital requirements of the Group.
TRAVEL AND TOURS SECTOR
During the year, Inter-Pacific Travel and Tours Sdn. Bhd.
(“Inter-Pacific Travel”) continued to hold back its
business development plans especially in the early
part of 1999. Instead, the Company focused on maintaining and keeping intact its manpower resources
and distribution channels in its strategic preparation for
the expected further recovery of the economy.
Single storey terraced houses
Phase 17, Taman Jaya, Jalan
Matang, Kuching, Sarawak
17
ADVANCE SYNERGY BERHAD
Penyata Pengerusi
Logo e-go.com Sdn. Bhd.
dari pemegang saham sebelum Gulf Petroleum
dapat memulakan operasi komersial sepenuhnya.
Pelupusan tersebut telah memberikan peluang
kepada Kumpulan bagi mendapatkan semula kos
pelaburannya dalam Gulf Petroleum. Hasil jualan ini
akan digunakan untuk membiayai keperluan modal kerja
Kumpulan.
serta dilaksanakan dan portal perunding pelancongan
termasuk hotel dan agensi pelancongan.
Pelaburan ini akan membolehkan Kumpulan
meneroka peluang pertumbuhan yang cemerlang dalam
e-dagang.
SEKTOR PELANCONGAN
Sekali lagi Kumpulan telah menunjukkan ketahanan
dan berjaya muncul dalam suasana pergolakan semasa
untuk melangkah masuk ke alaf baru dengan penuh
keyakinan.
Program rasionalisasi yang sedang direncanakan
dan dijadualkan siap pada bulan Jun 2000, akan
membolehkan K u m p u l a n memperkukuh teras
keupayaannya bagi menyahut cabaran masa hadapan.
Prestasi Kumpulan bagi tahun semasa dijangka
bertambah baik kecuali jika berlaku keadaan yang tidak
diduga.
Sepanjang tahun kewangan yang lepas, terutamanya
pada awal tahun 1999, Inter-Pacific Travel and Tours
Sdn. Bhd. (“Inter-Pacific Travel”) terus menunda
rancangan pembangunan perniagaan dan aktivitinya
disebabkan kegawatan ekonomi. Walau bagaimanapun,
syarikat berupaya mempertahankan dan mengekalkan
tenaga kerja dan saluran pengedarannya sebagai
persediaan strategis menghadapi pemulihan ekonomi
yang dijangkakan.
Kedudukan ekonomi yang bertambah baik mulai
pertengahan tahun 1999 diikuti pula dengan promosi
meluas yang sedang dikendalikan oleh Menteri
Kebudayaan, Kesenian dan Pelancongan telah
membawa peningkatan serta merta dalam peng-hasilan
industri keraian dan pelancongan.
Dengan mempunyai sumber tenaga kerja yang
mencukupi dan rangkaian pengedaran yang kukuh,
terdiri daripada 11 buah pejabat jualan langsung di
Lembah Klang sahaja, syarikat lebih berupaya
menyediakan lebih banyak khidmat tambahan untuk
pasarannya.
SEKTOR TEKNOLOGI MAKLUMAT
Pembelian sebuah syarikat usaha sama, e-go.com Sdn.
Bhd. pada bulan Oktober 1999 menandakan penyertaan
Kumpulan dalam perniagaan IT (Teknlogi Maklumat).
Pelaburan ini dibuat selaras dengan kemajuan yang
dicapai dalam teknologi maklumat dan pencapaian
Malaysia dalam bidang telekomunikasi, multimedia dan
infrastruktur beberapa tahun kebelakangan ini.
e-go.com Sdn. Bhd. akan menumpukan perhatian
kepada pembinaan khidmat penukaran maklumat
pelaburan dimana maklumat kewangan boleh ditukar
18
MASA HADAPAN
PENGHARGAAN
Saya, bagi pihak ahli Lembaga Pengarah, ingin
menyampaikan penghargaan kepada pihak pengurusan dan kakitangan atas komitmen, kesabaran dan
dedikasi berterusan semasa menjalankan tugas-tugas
mereka.
S a y a juga i n g i n m e n y a m p a i k a n s e t i n g g i
penghargaan kepada pemegang stok, pelanggan, rakan
niaga dan pihak berkuasa regulatori atas sokongan dan
keyakinan berterusan yang diberikan kepada Kumpulan
sepanjang satu lagi tahun yang penuh cabaran.
Dato’ Ahmad Sebi Bakar
Pengerusi Eksekutif
Kuala Lumpur
25 April 2000
Laporan Tahunan 1999 Annual Report
Chairman’s Statement
Frontpage of e-go.com Sdn. Bhd.
financial portal:
www.duithere.com
The improving economic condition from the middle
of 1999, coupled with the extensive promotional
programmes currently being undertaken by the Ministry
of Culture, Arts and Tourism brought immediate
improvements in the business turnover and revenue return
in the hospitality and tourism industry.
With sufficient manpower resources in hand and the
strong business distribution network which at present
consists of 11 direct sales offices in the Klang Valley
alone, the company is in a good position to serve the
market with an increased range of services.
INFORMATION TECHNOLOGY SECTOR
The investment in a joint venture company, e-go.com
Sdn. Bhd. in October 1999, marked the entry of the
Group into the IT (Information Technology) business.
This investment was made in tandem with the
advances made in information technology and the
achievement of Malaysia in the field of telecommunication, multimedia and infrastructure in recent
years .
e-go.com Sdn Bhd main focus will be building an
investment information interchange where financial
information can be exchanged and transacted as well
as a travel consultant portal that includes hotel and travel
agency.
This investment will allow the Group to exploit
excellent growth opportunities in e-commerce.
THE FUTURE
Once again the Group had shown resilience and had
successfully emerged from the current turbulent
environment to enter the New millennium with
confidence.
The current rationalisation programme scheduled
to be fully completed in June 2000, will enable the Group
to consolidate its position and strengthen its core
competencies to take on future challenges.
Barring any unforseen circumstances, the Group’s
performance for the current year is expected to show
further improvement.
APPRECIATION
On behalf of the Board of Directors, I would like to
express my appreciation to the management and staff
for their continued commitment, patience and dedication in carrying out their duties.
To our stockholders, customers, business associates
and the regulatory authorities, I also convey my
sincere appreciation for their continued support and
confidence given to the Group during another difficult
year.
Dato’ Ahmad Sebi Bakar
Executive Chairman
Kuala Lumpur
25 April 2000
19
Laporan Tahunan 1999 Annual Report
Penyata
Kewangan
21
ADVANCE SYNERGY BERHAD
Laporan Para Pengarah
Para Pengarah dengan sukacitanya membentangkan laporan ini bersama-sama akaun-akaun Kumpulan
dan Syarikat yang telah diaudit bagi tahun kewangan berakhir 31 Disember 1999.
KEGIATAN UTAMA
Kegiatan utama Syarikat merangkumi pemegangan pelaburan dan penyediaan sokongan korporat serta
kewangan yang sepenuhnya kepada subsidiari-subsidiarinya. Kegiatan utama subsidiari-subsidiari ditunjukkan
dalam Nota 43 kepada Akaun. Tidak terdapat perubahan ketara di dalam kegiatan-kegiatan tersebut sepanjang
tahun kewangan.
HASIL
Kumpulan
RM’000
Syarikat
RM’000
(64,712)
6,690
(17,211)
–00
Rugi selepas kepentingan minoriti
Rugi terkumpul dibawa ke hadapan
(58,022)
(222,218)
(17,211)
(123,025)
Pindahan rizab berkanun
(280,240)
(23,482)
(140,236)
–00
Rugi terkumpul dihantar ke hadapan
(303,722)
(140,236)
Rugi selepas cukai
Kepentingan minoriti
DIVIDEN
Tiada dividen yang telah dibayar atau diumumkan oleh Syarikat semenjak akhir tahun kewangan yang lepas.
Para pengarah tidak mencadangkan sebarang pembayaran dividen berdasarkan tahun kewangan berakhir 31
Disember 1999.
TERBITAN SAHAM DAN DEBENTUR
Syarikat tidak menerbitkan sebarang saham atau debentur semasa tahun kewangan.
RIZAB DAN PERUNTUKAN
Pindahan ketara ke atau dari rizab atau peruntukan sepanjang tahun kewangan berakhir 31 Disember 1999
dinyatakan di dalam Nota-nota kepada Akaun.
22
Laporan Tahunan 1999 Annual Report
Laporan Para Pengarah
PARA PENGARAH
Para pengarah yang memegang jawatan sejak dari tarikh laporan terakhir adalah:
Dato’ Ahmad Sebi Bakar
Aznan Bin Haji Ismail
Dato’ Nik Ibrahim Kamil Bin Tan Sri Nik Ahmad Kamil
Wong Ah Nam @ Wong Joon Tuang
Masri Khaw Binti Abdullah
Sng Chong Khian
Menurut Fasal 96 Tataurusan Pertubuhan Syarikat, Masri Khaw Binti Abdullah dan Sng Chong Khian bersara
daripada Lembaga mengikut giliran pada Mesyuarat Agung Tahunan yang akan datang dan, oleh kerana masih
layak, menawarkan diri mereka untuk pemilihan semula.
KEPENTINGAN PARA PENGARAH
Menurut Daftar Pemegangan Stok Para Pengarah yang disimpan oleh Syarikat di bawah Seksyen 134, Akta
Syarikat, 1965, para pengarah berikut yang memegang jawatan pada akhir tahun kewangan mempunyai
kepentingan mutlak dalam unit-unit stok Syarikat dan saham-saham syarikat-syarikat berkait sepanjang tahun
kewangan berakhir 31 Disember 1999 :Bilangan unit-unit stok/saham-saham biasa bernilai
RM1.00 setiap satu
Baki pada
1.1.1999
Beli
Jual
Baki pada
31.12.1999
13,937,009
913,000
–
14,850,009
6,000
–
–
6,000
308,000
–
–
308,000
27,451,109
–
–
27,451,109
700,000
–
–
700,000
3,781,003
1,650,000
–
–
–
–
3,781,003
1,650,000
Kepentingan Langsung
Kepentingan :Dato’ Ahmad Sebi Bakar di :- Advance Synergy Berhad
Puan Masri Khaw Binti Abdullah di :- Advance Synergy Berhad
- Alangka-Suka Hotels & Resorts
Berhad
Kepentingan tidak langsung
Kepentingan :Dato’ Ahmad Sebi Bakar di :- Advance Synergy Berhad
Puan Masri Khaw Binti Abdullah di :- Advance Synergy Berhad
Mr. Sng Chong Khian di :- Advance Synergy Berhad
- Plastic Centre Sdn. Berhad
Tiada para pengarah lain yang memegang jawatan pada akhir tahun kewangan mempunyai sebarang
kepentingan mutlak dalam unit-unit stok Syarikat dan saham-saham syarikat-syarikat berkait sepanjang tahun
kewangan berakhir 31 Disember 1999.
23
ADVANCE SYNERGY BERHAD
Laporan Para Pengarah
MANFAAT PARA PENGARAH
Sejak akhir tahun kewangan yang lepas, tiada seorang pun pengarah Syarikat yang menerima atau layak
menerima sebarang manfaat selain daripada yang dinyatakan dalam Nota 5 kepada Akaun, melalui perjanjian
yang dibuat oleh Syarikat atau perbadanan berkait dengan pengarah atau firma di mana pengarah tersebut
merupakan seorang ahli, atau dengan sebuah syarikat di mana pengarah tersebut mempunyai kepentingan
kewangan yang utama.
Tidak terdapat sebarang perancangan yang dibuat pada sepanjang dan pada akhir tahun kewangan di mana
Syarikat menjadi pihak kepada sebarang perancangan yang matlamatnya membolehkan para pengarah Syarikat
mendapat manfaat melalui pemerolehan saham atau debentur Syarikat atau sebarang badan korporat lain.
MAKLUMAT BERKANUN LAIN TENTANG KUMPULAN DAN SYARIKAT :(I)
(II)
24
PADA AKHIR TAHUN KEWANGAN
(a)
Sebelum akaun untung rugi dan kunci kira-kira Kumpulan dan Syarikat disediakan, para pengarah
telah mengambil langkah-langkah yang munasabah :(i)
untuk memastikan bahawa tindakan sewajarnya telah diambil berhubung dengan hapus kira
hutang lapuk dan membuat peruntukan untuk hutang ragu, dan telah berpuas hati bahawa
semua hutang lapuk yang diketahui telah dihapus kira dan peruntukan yang mencukupi telah
dibuat untuk hutang ragu; dan
(ii)
untuk memastikan bahawa sebarang aset semasa yang tidak mungkin mencapai nilai
bukunya dalam urusan perniagaan biasa telah diturunkan nilainya ke nilai yang dianggarkan
dapat dicapai.
(b)
Pada pendapat para pengarah, hasil operasi Kumpulan dan Syarikat sepanjang tahun kewangan
tidak dipengaruhi secara ketara oleh sebarang perkara, urus niaga atau peristiwa penting dan luar
biasa kecuali dinyatakan dalam Akaun.
DARI AKHIR TAHUN KEWANGAN KE TARIKH LAPORAN INI
(c)
Para pengarah tidak sedar tentang sebarang keadaan :(i)
yang boleh menyebabkan jumlah hutang lapuk yang dihapus kira atau jumlah peruntukan
untuk hutang ragu dalam akaun Kumpulan dan Syarikat tidak mencukupi hingga ke tahap
yang ketara; atau
(ii)
yang boleh menyebabkan nilai aset semasa di dalam akaun Kumpulan dan Syarikat
mengelirukan; atau
(iii) yang berbangkit yang boleh menyebabkan penggunaan kaedah penilaian yang sedia ada ke
atas aset atau liabiliti Kumpulan dan Syarikat mengelirukan atau tidak sesuai.
(d)
Pada pendapat para pengarah :(i)
dalam tempoh antara akhir tahun kewangan dan tarikh laporan ini dibuat, tidak timbul sebarang
perkara, urus niaga atau peristiwa yang penting dan luar biasa yang mungkin mempengaruhi
hasil operasi Kumpulan dan Syarikat secara ketara bagi tahun kewangan laporan ini dibuat
kecuali yang dinyatakan dalam Akaun; dan
(ii)
tidak terdapat liabiliti luar jangka atau liabiliti lain yang telah berkuatkuasa, atau
berkemungkinan berkuatkuasa, dalam jangka masa dua belas bulan selepas akhir tahun
kewangan yang akan atau mungkin mempengaruhi secara ketara keupayaan Kumpulan dan
Syarikat untuk memenuhi obligasi mereka apabila tiba masanya kelak.
Laporan Tahunan 1999 Annual Report
Laporan Para Pengarah
(III)
PADA TARIKH LAPORAN INI
(e)
Tidak terdapat sebarang caj ke atas aset-aset Kumpulan dan Syarikat yang telah timbul sejak akhir
tahun kewangan untuk menjamin liabiliti pihak lain.
(f)
Tidak terdapat liabiliti luar jangka Kumpulan dan Syarikat yang telah timbul sejak akhir tahun
kewangan.
(g)
Para pengarah tidak sedar tentang sebarang keadaan yang tidak diambil kira dalam laporan atau
akaun yang boleh menyebabkan sebarang jumlah yang dinyatakan dalam akaun mengelirukan.
JURUAUDIT
Juruaudit yang bersara, Tetuan BDO Binder, telah menyatakan kesanggupan mereka untuk meneruskan
perkhidmatan.
Ditandatangani bagi pihak lembaga menurut resolusi para pengarah.
……………………………………………
DATO’ AHMAD SEBI BAKAR
Pengarah
……………………………………………
AZNAN BIN HAJI ISMAIL
Pengarah
Kuala Lumpur
25 April 2000
25
ADVANCE SYNERGY BERHAD
Akaun Untung Rugi
Yang Berakhir Bagi Tahun Kewangan 31 Disember 1999
NOTA
Kumpulan
1999
1998
RM’000
RM’000
Syarikat
1999
1998
RM’000
RM’000
PEROLEHAN
4
698,280
899,814
3,181
5,611
KOS PENJUALAN
4
451,868
784,305
–000
–000
Pengendalian untung/(rugi)
Bahagian keuntungan
Syarikat Bersekutu
5
32,027
(142,049)
32,306
32,185
(17,211)
–000
(42,323)
–000
Untung/(rugi) sebelum
butiran luar biasa
Butiran luar biasa
6
64,333
(128,037)
(109,864)
(312,848)
(17,211)
–000
(42,323)
(113,412)
Rugi sebelum cukai
Cukai
7
(63,704)
(1,008)
(422,712)
(13,545)
(17,211)
–000
(155,735)
(37)
(64,712)
6,690
(436,257)
159,942
(17,211)
–000
(155,772)
–000
(58,022)
(276,315)
(17,211)
(155,772)
(222,218)
54,097
(123,025)
32,747
(280,240)
(23,482)
(222,218)
–000
(140,236)
–000
(123,025)
–000
(303,722)
(222,218)
(140,236)
(123,025)
Rugi selepas cukai
Kepentingan minoriti
(Rugi terkumpul)/
Keuntungan tertahan dibawa
ke hadapan
Pindahan ke rizab berkanun
31.1
Rugi terkumpul
dihantar ke hadapan
Kerugian seunit stok (sen)
8
17.18
Nota-nota yang dilampirkan membentuk sebahagian penting Akaun.
26
81.80
Laporan Tahunan 1999 Annual Report
Kunci Kira-Kira
Pada 31 Disember 1999
NOTA
Kumpulan
1999
1998
RM’000
RM’000
Syarikat
1999
1998
RM’000
RM’000
KEGUNAAN ASET
ASET TETAP
9
419,114
434,027
304
469
KEPENTINGAN DALAM
SUBSIDIARI-SUBSIDIARI
10
– 000
– 000
804,362
807,432
KEPENTINGAN DALAM
SUBSIDIARI-SUBSIDIARI
TIDAK DISATUKAN
11
48,558
48,936
48,558
48,559
KEPENTINGAN DALAM
SYARIKAT-SYARIKAT
BERSEKUTU
12
82,214
574,998
19,777
31,946
TANAH YANG DIPEGANG
UNTUK PEMBANGUNAN
13
13,717
13,687
– 00
– 00
SEKURITI PELABURAN
14
1,142,855
1,124,294
4,458
1,635
MUHIBAH DARIPADA
PENYATUAN
15
209,940
209,904
– 00
– 00
MUHIBAH BELIAN
16
1,806
1,776 0
– 00
– 00
PERBELANJAAN DIHANTAR
KE HADAPAN
17
25,756
28,754
– 00
– 00
18
19
20
33,454
40,921
215,788
44,498
37,720
405,801
– 00
– 00
25,475
– 00
– 00
14,355
21
221,122
185,033
– 00
– 00
22
23
4,508,596
2,155
4,296,370
63,501
– 00
– 00
– 00
– 00
24
25
88,363
646,690
193,703
587,718
3,800
170
688
7
5,757,089
5,814,344
29,445
15,050
ASET SEMASA
Harta pembangunan dan
perbelanjaan
Stok
Penghutang
Deposit berkanun dengan
Bank Negara Malaysia
Pinjaman, pendahuluan
dan pembiayaan
Sekuriti urus niaga
Deposit dengan institusiinstitusi kewangan
Tunai dan dana jangka pendek
Nota-nota yang dilampirkan membentuk sebahagian penting Akaun.
27
ADVANCE SYNERGY BERHAD
Kunci Kira-Kira
Pada 31 Disember 1999
NOTA
Kumpulan
1999
1998
RM’000
RM’000
Syarikat
1999
1998
RM’000
RM’000
TOLAK: LIABILITI SEMASA
Pemiutang
Pinjaman jangka pendek
Sekuriti yang dijual di bawah
perjanjian belian semula
Deposit dan penempatan oleh bank
dan institusi kewangan lain
Deposit daripada pelanggan
Cukai
26
27
28
29
LIABILITI SEMASA BERSIH
253,371
150,749
315,465
1,129,099
48,338
– 00
34,899
222,931
– 00
63,149
– 00
– 00
959,738
5,044,689
22,670
1,009,576
4,314,099
16,677
– 00
– 00
– 00
– 00
– 00
– 00
6,431,217
6,848,065
48,338
257,830
(1,033,721)
(18,893)
(242,780)
(674,128)
1,269,832
1,402,655
858,566
647,261
DIBIAYAI OLEH
MODAL SAHAM
30
337,794
337,794
337,794
337,794
RIZAB
31
181,112
240,865
292,256
309,467
DANA PEMEGANG STOK
518,906
578,659
630,050
647,261
KEPENTINGAN MINORITI
314,101
324,035
– 00
– 00
SIJIL DEPOSIT SUBORDINAT
32
50,000
50,000
– 00
– 00
PINJAMAN MODAL SUBORDINAT
BOLEH UBAH
33
– 00
317,000
– 00
– 00
PINJAMAN JANGKA PANJANG
34
244,180
– 00
22228,516
– 00
PINJAMAN BERPENGGAL
35
131,726
119,887
– 00
– 00
42
1,007
– 00
– 00
PENDAPATAN TERTUNDA
PEMIUTANG SEWA BELI
26
9,423
10,547
– 00
– 00
CUKAI TERTUNDA
36
1,454
1,520
– 00
– 00
1,269,832
1,402,655
858,566
647,261
Nota-nota yang dilampirkan membentuk sebahagian penting Akaun.
28
Laporan Tahunan 1999 Annual Report
Penyata Aliran Tunai Disatukan
Untuk Tahun Kewangan Berakhir 31 Disember 1999
1999
RM’000
1998
RM’000
Kerugian sebelum cukai
(63,704)
(422,712)
Pelarasan untuk :Pelarasan pertukaran mata wang asing
Pelunasan perbelanjaan dihantar ke hadapan
(Penambahan)/Pelunasan muhibah bersih daripada penyatuan
Pelunasan muhibah belian
Hutang lapuk dihapus kira
Susut nilai aset tetap
Perbelanjaan dihantar ke hadapan dihapus kira
Aset tetap dihapus kira
Muhibah dihapus kira
Perbelanjaan faedah
Kerugian daripada pelupusan syarikat bersekutu
Kerugian daripada pelupusan aset tetap
Peruntukan untuk kerugian kredit
Peruntukan untuk hutang ragu
Peruntukan untuk penyusutan nilai dalam pelaburan
Hutang lapuk dan pembiayaan dipungut semula
Pendapatan faedah
Laba daripada pelupusan opsyen
Bahagian keuntungan daripada syarikat-syarikat bersekutu
6,516
5,380
(48)
99
1,462
23,902
6
74
12
97,978
117,085
5,274
2,915
2,281
–00
(15,138)
(1,113)
(10,072)
(32,306)
(13,493)
3,251
3,285
110
5,212
24,271
7,609
16,448
80,434
123,309
–00
20
5,786
191,339
41,075
(4,619)
(1,012)
–00
(32,185)
Keuntungan operasi sebelum perubahan modal kerja
140,603
28,128
11,044
(3,201)
199,983
(36,089)
(212,226)
61,346
105,340
(95,341)
(63,149)
(4,128)
(542)
206
(375,841)
723,321
902,739
(20,994)
71,588
20,910
(704,879)
(963)
NOTA
ALIRAN TUNAI DARIPADA AKTIVITI OPERASI
Pengurangan/(Penambahan) dalam harta pembangunan
dan perbelanjaan
(Penambahan)/Pengurangan stok
Pengurangan/(Penambahan) penghutang
(Penambahan)/Pengurangan deposit berkanun dengan BNM
(Penambahan)/Pengurangan pinjaman, pendahuluan dan pembiayaan
Pengurangan/(Penambahan) dalam sekuriti urus niaga
Pengurangan deposit dengan institusi kewangan
(Pengurangan)/Penambahan pemiutang
Pengurangan sekuriti di bawah perjanjian beli semula
Pengurangan pemiutang sewa beli
(Penambahan)/Pengurangan jumlah terhutang daripada
subsidiari-subsidiari yang tidak disatukan
Pengurangan deposit dan penempatan oleh bank
dan institusi kewangan lain
Penambahan deposit daripada pelanggan
(Penambahan)/Pengurangan jumlah terhutang daripada syarikat bersekutu
Penambahan perbelanjaan dihantar ke hadapan
Tunai dihasilkan daripada/(digunakan dalam) operasi
Cukai yang dipulangkan/(dibayar)
Tunai bersih dihasilkan daripada/(digunakan dalam) aktiviti operasi
(1,668)
(49,838)
730,590
(286)
(1,035)
13,309
(1,876,178)
302,406
352
(7,466)
781,945
(923,904)
2,482
(20,393)
784,427
(944,297)
Nota-nota yang dilampirkan membentuk sebahagian penting Akaun.
29
ADVANCE SYNERGY BERHAD
Penyata Aliran Tunai Disatukan
Untuk Tahun Kewangan Berakhir 31 Disember 1999
NOTA
1999
RM’000
1998
RM’000
ALIRAN TUNAI DARIPADA AKTIVITI PELABURAN
Perolehan daripada pelupusan syarikat bersekutu
Perolehan daripada pelupusan opsyen
Muhibah yang timbul daripada pembelian perniagaan
dalam syarikat subsidiari
Perolehan daripada terbitan saham kepada kepentingan minoriti
Pelupusan syarikat subsidiari
Penambahan tanah yang dipegang untuk pembangunan
Dividen diterima dari syarikat-syarikat bersekutu
Faedah diterima
Perolehan daripada pelupusan aset tetap
Pembelian pelaburan dalam syarikat-syarikat bersekutu
Pembelian aset tetap
Perolehan bersih daripada (pembelian)/pelupusan
sekuriti pelaburan
Perolehan subsidiari-subsidiari dan
penggabungan subsidiari-subsidiari yang tidak disatukan
400,522
10,072
46A
46B
46C
Tunai bersih dihasilkan daripada aktiviti pelaburan
–00
–00
–00
–00
–00
(30)
251
1,113
2,967
–00
(19,201)
(1,886)
500
165,567
(28)
5,319
1,012
536
(136)
(62,072)
(18,561)
300,341
–00
5,474
377,133
414,627
ALIRAN TUNAI DARIPADA AKTIVITI PEMBIAYAAN
Perolehan/(pembayaran semula) bersih
daripada pinjaman jangka pendek
(Pembayaran semula)/perolehan daripada pinjaman modal
subordinat boleh ubah
Faedah yang dibayar
(Pembayaran semula)/Perolehan bersih
daripada pinjaman berpenggal
Tunai bersih (digunakan dalam)/dihasilkan daripada
aktiviti pembiayaan
39,563
(66,244)
(800,000)
(57,428)
850,000
(123,309)
(204,269)
(13,025)
(1,022,134)
647,422
PENAMBAHAN TUNAI DAN KESETARAAN TUNAI BERSIH
139,426
117,752
TUNAI DAN KESETARAAN TUNAI PADA PERMULAAN
TAHUN KEWANGAN
486,898
375,617
626,324
493,369
TUNAI DAN KESETARAAN TUNAI PADA PENGHUJUNG
TAHUN KEWANGAN
Nota-nota yang dilampirkan membentuk sebahagian penting Akaun.
30
46D
Laporan Tahunan 1999 Annual Report
Nota-nota Kepada Akaun 31 Disember 1999
1.
KEGIATAN UTAMA
Kegiatan utama Syarikat merangkumi pemegangan pelaburan dan penyediaan sokongan korporat serta
kewangan yang sepenuhnya kepada subsidiari-subsidiarinya. Kegiatan utama subsidiari-subsidiari
ditunjukkan dalam Nota 43 kepada Akaun. Tidak terdapat perubahan ketara di dalam kegiatan-kegiatan
tersebut sepanjang tahun kewangan.
2.
ASAS PENYEDIAAN AKAUN-AKAUN
Akaun bagi Kumpulan dan Syarikat telah disediakan menurut Piawai Perakaunan yang diluluskan serta
berkenaan, Garis Panduan Bank Negara Malaysia serta peruntukan Akta Syarikat 1965. Akaun juga
mengambil kira aktiviti berkaitan dengan Skim Perbankan Islam (“IBS”) yang dilaksanakan oleh Kumpulan.
IBS secara amnya merujuk kepada penerimaan deposit dan pembiayaan mengikut prinsip Syariah.
3.
DASAR-DASAR PERAKAUNAN PENTING
3.1
Asas Perakaunan
Akaun Kumpulan dan Syarikat telah disediakan mengikut konvensyen kos sejarah yang diubah
suai dengan penilaian bangunan dan tanah milik bebas tertentu.
3.2
Asas Penyatuan
Akaun-akaun yang disatukan merangkumi akaun Syarikat dan subsidiari-subsidiarinya yang
disediakan sehingga akhir tahun kewangan, kecuali untuk subsidiari-subsidiari seperti yang
ditunjukkan dalam Nota 11 kepada akaun. Kumpulan telah menggunakan kedua-dua kaedah
penyatuan iaitu perolehan dan penggabungan.
Baki dan urus niaga antara syarikat yang ketara dihapuskan semasa penyatuan dan akaun-akaun
yang disatukan hanya menunjukkan urus niaga luaran sahaja.
Apabila kaedah perolehan digunakan, perbezaan antara bayaran pembelian dan nilai wajar aset
bersih yang diperolehi ditunjukkan di dalam akaun sama ada sebagai muhibah atau rizab penyatuan,
mengikut mana yang sesuai. Kecuali subsidiari-subsidiari kewangan berlesen, nilai muhibah bersih
dari rizab penyatuan yang timbul dari subsidiari-subsidiari yang lain, dilunaskan sepanjang 20
tahun atau jangka hayat boleh guna, yang mana lebih pendek. Muhibah timbul daripada penyatuan
dihapus kira bila mana terdapat penyusutan nilai yang kekal.
Perolehan subsidiari-subsidiari yang memenuhi kriteria perakaunan penggabungan di bawah
Piawaian Perakaunan Malaysia 2, Perakaunan Perolehan dan Penggabungan, telah diambil kira
menggunakan dasar perakaunan penggabungan. Apabila kaedah penggabungan digunakan, kos
pelaburan direkodkan pada nilai nominal saham yang diterbitkan dan perbezaan di antara kos
pelaburan tersebut dengan nilai nominal saham yang dipindah milik dianggap sebagai rizab/defisit
penggabungan menurut peruntukan pengecualian penggabungan di bawah Seksyen 60(4) Akta
Syarikat, 1965. Hasil subsidiari-susidiari yang digabungkan diambil kira atas dasar tahun kewangan
sepenuhnya.
Kecuali United Merchant Finance Berhad yang disatukan di bawah kaedah penggabungan, kesemua
subsidiari-subsidiari yang lain disatukan di bawah kaedah perolehan.
3.3
Pengiktirafan Pendapatan
Pendapatan Faedah dan Pembiayaan
Pendapatan faedah dan pembiayaan subsidiari-subsidiari kewangan berlesen diiktiraf atas asas
akruan. Pendapatan faedah dan pembiayaan daripada sewa beli, pendiskaunan blok dan urus
niaga pajakan dikira mengikut kaedah jumlah digit. Pendapatan faedah dan pembiayaan daripada
pinjaman perumahan dan pinjaman berpenggal dikira mengikut tempoh yang telah ditetapkan
sama ada bulanan ataupun harian.
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3.3
Pengiktirafan Pendapatan (sambungan)
Pendapatan pembiayaan dan pendahuluan dari Skim Perbankan Tanpa Faedah diiktiraf atas asas
akruan menurut “Garis Panduan “Skim Perbankan Tanpa Faedah” untuk Syarikat-syarikat Kewangan
(Oktober/96)” terbitan Bank Negara Malaysia.
Apabila sesuatu akaun dikenal pasti sebagai tidak berbayar, pengiktirafan pendapatan faedah dan
pembiayaan digantung sehingga ia dijelaskan secara tunai mengikut “Garis Panduan
Pengklasifikasi Pinjaman Tidak Berbayar dan Peruntukan untuk Hutang Lapuk, Hutang Ragu dan
Hutang Substandard, BNM/GP3 (Semakan)” terbitan Bank Negara Malaysia pada 31 Disember
1999. Akaun-akaun pelanggan dikenal pasti sebagai tidak berbayar apabila pembayaran balik
telah tertunggak enam bulan atau lebih untuk akaun sewa beli, pendiskaunan blok, pajakan, pinjaman
dan pendahuluan dan selepas tarikh matang untuk bil-bil penerimaan jurubank.
Pendapatan Fi
Fi khidmat penyusunan pinjaman, yuran pengurusan dan penyertaan serta komisyen penerimaan
dan tatajamin diiktiraf sebagai pendapatan apabila semua syarat-syarat terdahulu telah dipenuhi.
Fi daripada kegiatan khidmat penasihat dan kewangan korporat diiktiraf sebagai pendapatan setelah
siap setiap peringkat tugasan.
Fi jaminan dan fi komitmen yang ketara diiktiraf sebagai pendapatan berdasarkan pembahagian
masa.
Pendapatan Dividen
Dividen daripada pelaburan dalam subsidiari-subsidiari dan syarikat-syarikat bersekutu adalah
diiktiraf atas asas akruan, sementara dividen daripada lain-lain pelaburan adalah diiktiraf apabila
diterima.
Harta Pembangunan dan Kerja Kontrak dalam Pelaksanaan
Keuntungan daripada penjualan harta pembangunan dan kerja kontrak dalam pelaksanaan diiktiraf
mengikut kaedah peratusan siap. Kerugian yang dapat diramalkan, jika ada, diiktiraf serta-merta
dalam akaun untung rugi.
Pendapatan Kontrak
Keuntungan daripada kerja kontrak kejuruteraan diiktiraf berdasarkan kaedah peratusan siap.
Yuran Keahlian
Yuran keahlian berkait dengan kemudahan pelaburan percutian kongsi masa diiktiraf berdasarkan
50% pada tahun pertama dan bakinya dalam tempoh masa 30 tahun.
3.4
Komisyen Sewa Beli
Komisyen sewa beli dikenakan ke atas akaun untung rugi berdasarkan kaedah jumlah digit.
3.5
Pertukaran Mata Wang Asing
Urus niaga dalam mata wang asing ditukar ke dalam Ringgit Malaysia pada kadar pertukaran
semasa pada tarikh urus niaga. Aset kewangan dan liabiliti kewangan dalam mata wang asing
pada tarikh kunci kira-kira dinyatakan ke dalam Ringgit Malaysia pada kadar pertukaran anggaran
pada tarikh tersebut. Keuntungan atau kerugian timbul dari urus niaga dan pertukaran mata wang
asing dalam tahun semasa diuruskan dalam akaun untung rugi.
Untuk tujuan penyatuan, aset dan liabiliti bagi subsidiari-subsidiari luar negara ditukarkan mengikut
kadar tukaran pada tarikh kunci kira-kira. Butiran untung rugi ditukarkan pada kadar tukaran purata
untuk tahun tersebut. Semua perbezaan tukaran yang timbul diuruskan melalui rizab perubahan
pertukaran.
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3.6
Peruntukan Hutang Lapuk dan Hutang Ragu
Peruntukan khusus dibuat untuk hutang lapuk dan pembiayaan yang telah disemak secara individu
dan telah dikenal pasti secara khusus sebagai lapuk atau ragu.
Tambahan pula, untuk subsidiari-subsidiari kewangan berlesen, satu peruntukan am yang
berdasarkan peratusan ke atas portfolio pinjaman dan pembiayaan juga dibuat untuk menampung
sebarang kerugian yang belum dikenal pasti secara khusus.
Pinjaman yang tidak dibayar atau sebahagian pinjaman dan pembiayaan yang dikenal pasti sebagai
lapuk akan dihapus kira selepas menimbang nilai cagaran boleh realisasi, jika ada, bila dalam
pertimbangan oleh pengurusan, tiada peluang pemulihan.
Peruntukan untuk hutang lapuk dan hutang ragu serta pembiayaan yang diuntukkan oleh subsidiari
kewangan berlesen selaras dengan peruntukan minima “Garis Panduan Pengklasifikasi Pinjaman
Tidak Berbayar dan Peruntukan untuk Hutang Lapuk, Hutang Ragu dan Hutang Substandard, BNM/
GP3 (Semakan)” terbitan Bank Negara Malaysia pada 31 Disember 1999.
3.7
Susut Nilai dan Pelunasan Aset Tetap
3.7.1
Tanah milik bebas, harta hotel dan kerja pembinaan dalam pelaksanaan tidak disusut nilai.
Semua aset tetap lain dinyatakan pada kos atau penilaian tolak susut nilai terkumpul
manakala susut nilai pula dihitung menggunakan kaedah garis lurus bagi membolehkan
pelupusan nilai yang dibawa oleh aset mengikut anggaran jangka hayatnya.
Kadar susut nilai tahunan yang digunakan untuk tujuan ini adalah seperti berikut :Tanah dan bangunan milik pajakan
Bangunan
Loji dan mesin
Kenderaan bermotor
Perabot, kelengkapan dan peralatan
Pengubahsuaian
Peralatan dan perisian komputer
Mengikut tempoh pajakan
25 hingga 95 tahun
0.5% – 5%
10% – 20%
15% – 20%
6% – 15%
10% – 20%
20%
Pinggan mangkuk, barang-barang kaca, kutleri, kain linen dan perkakas dapur dimodalkan
pada keperluan tahap minima untuk operasi biasa. Barang gantian dihapus kira dalam
tahun ia berlaku.
3.7.2
Harta Hotel
Harta hotel dinyatakan pada kos atau penilaian. Tambahan selepas tarikh penilaian,
dinyatakan pada kos. Adalah menjadi dasar Kumpulan untuk menilai harta hotel sekali
setiap lima tahun oleh penilai profesional yang bebas berdasarkan nilai pasaran terbuka.
Lebihan yang timbul dikreditkan dalam akaun lebihan penilaian semula. Defisit diimbangkan
dengan akaun lebihan penilaian semula hanya setakat lebihan yang dikreditkan daripada
penilaian semula yang terdahulu dan lebihan defisit dicaj ke akaun untung rugi.
Harta hotel tidak disusut nilai. Adalah menjadi amalan Kumpulan mengekalkan nilai harta
hotel pada nilai baki yang tinggi supaya susut nilai tidak bererti. Perbelanjaan
penyelenggaraan yang berkaitan diiktiraf dalam akaun untung rugi.
3.8
Penyusunan Jual Beli dan Pajakan
Aset-aset yang dibiayai dengan perjanjian jual beli dan pajakan yang memindahkan sebahagian
besar risiko dan faedah pemilikan aset kepada Kumpulan telah dimodalkan sebagai aset tetap
dan tanggungjawab yang bersangkutan dianggap sebagai liabiliti. Aset tetap yang dimodalkan ini
disusut nilai sama dengan aset tetap Kumpulan. Caj kewangan diperuntukkan ke akaun untung
rugi sepanjang tempoh perjanjian untuk memberikan satu kadar bayaran berkala yang konstan
atas liabiliti jual beli dan pajakan yang masih tinggal.
Pajakan yang tidak memenuhi kriteria di atas diambil kira sebagai pajakan operasi dan sewa
berkaitan dicaj ke akaun untung rugi, apabila timbul.
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3.9
Bil-bil dan Penerimaan Belum Dibayar
Bil-bil dan penerimaan belum dibayar mewakili bil-bil dan penerimaan subsidiari-subsidiari
kewangan berlesen yang didiskaunkan semula dan tertunggak di pasaran.
3.10 Pelaburan
Pelaburan dalam subsidiari-subsidiari, syarikat-syarikat bersekutu dan pelaburan-pelaburan jangka
panjang lain dinyatakan pada kos selepas ditolak peruntukan untuk penyusutan nilai berkekalan, jika
ada.
Pelaburan jangka pendek yang disebut harga dinyatakan pada kos dan nilai pasaran yang mana
lebih rendah yang ditentukan atas asas portfolio.
3.11 Syarikat-syarikat Bersekutu
Syarikat-syarikat bersekutu adalah syarikat-syarikat di mana Syarikat mempunyai kepentingan ekuiti
jangka panjang di antara 20% dan 50% dan di mana Syarikat mempunyai pengaruh yang ketara ke
atas dasar kewangan dan operasi syarikat-syarikat penerima pelaburan.
Kumpulan menggunakan perakaunan ekuiti untuk mengambil kira bahagian untung dan rizab
syarikat-syarikat bersekutunya selepas perolehan berdasarkan akaun yang telah diaudit.
3.12 Sekuriti Pelaburan
Sekuriti pelaburan ialah sekuriti yang diperolehi dan dipegang untuk memperolehi hasil atau
pertumbuhan modal atau untuk memenuhi keperluan minimum aset cair menurut Seksyen 38,
Akta Bank dan Institusi-institusi Kewangan, 1989 dan biasanya dipegang hingga matang.
Sekuriti Kerajaan Malaysia, Sijil Pelaburan Kerajaan Malaysia, Bon Cagamas, lain-lain Sekuriti
Kerajaan, dan Sekuriti Hutang Swasta Jaminan Bank yang dipegang sebagai pelaburan dinyatakan
pada kos yang diselaraskan untuk pelunasan premium atau penambahan diskaun hingga tarikh
matang. Sekuriti Hutang Swasta yang lain telah dinilai pada kos dan nilai pasaran yang mana lebih
rendah. Sekuriti pelaburan lain pula dinyatakan pada kos dan peruntukan dibuat jika berlaku
penyusutan nilai yang berkekalan.
Pindahan, jika ada, di antara sekuriti pelaburan dan sekuriti urus niaga dibuat pada nilai terendah
antara kos dan nilai pasaran.
Sekuriti ekuiti yang disebut harga dinyatakan pada nilai terendah antara kos dan nilai pasaran.
Sekuriti ekuiti yang tidak disebut harga dan bon-bon yang dipegang untuk pelaburan dinyatakan
pada kos dan peruntukan dibuat bagi sebarang penyusutan nilai berkekalan, jika ada.
3.13 Sekuriti Urus Niaga
Sekuriti urus niaga adalah sekuriti boleh niaga yang diperolehi dan dipegang dengan tujuan untuk
dijual semula dalam jangka masa pendek, dan dinyatakan pada nilai terendah antara kos dan nilai
pasaran.
Pemindahan, jika ada, antara sekuriti pelaburan dan urus niaga dibuat pada nilai terendah antara
kos dan nilai pasaran.
3.14 Permodalan Faedah
Faedah yang ditanggung atas pinjaman luar untuk membiayai aset yang sedang dilaksanakan
dipermodalkan sehingga aset itu sedia untuk digunakan untuk kegunaan yang dirancang selepas
mana perbelanjaan seperti itu dicaj ke akaun untung rugi.
3.15 Cukai Tertunda
Cukai tertunda diperuntukkan di bawah kaedah liabiliti pada kadar cukai semasa bagi perbezaan
masa yang ketara, melainkan jika ada bukti munasabah bahawa perbezaan masa tersebut akan
berterusan pada masa akan datang. Faedah cukai tertunda dikenal pasti hanya bila ada jaminan
sewajarnya ia boleh direalisasikan.
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3.16 Perbelanjaan Dihantar ke Hadapan
Perbelanjaan yang timbul dalam pembentukan subsidiari-subsidiari dikenal pasti sebagai
perbelanjaan mulaan manakala perbelanjaan yang timbul sebelum permulaan operasi
diklasifikasikan sebagai perbelanjaan praoperasi.
Perbelanjaan yang timbul sebelum permulaan produksi komersil, yang mana pada masa depan
akan menghasilkan faedah, dibawa ke hadapan sebagai perbelanjaan praproduksi.
Perbelanjaan tertunda terdiri daripada perbelanjaan pengiklanan dan perolehan tertunda yang
berhubung pemerolehan keahlian kad caj. Perbelanjaan pembangunan mewakili kos yang timbul
dalam pembangunan kad kredit yang mana dirancang akan dilancarkan pada masa akan datang.
Perbelanjaan dihantar ke hadapan pada amnya dihapus kira sepanjang lima ke sepuluh tahun dari
tarikh permulaan operasi. Dalam kes perniagaan kad caj dan kad kredit, perbelanjaan pengiklanan
dan perolehan tertunda dihapus kira sepanjang tempoh dua tahun dari tarikh permulaan perniagaan.
3.17 Tanah yang Dipegang untuk Pembangunan dan Harta Pembangunan
Tanah yang dipegang untuk pembangunan dinyatakan pada kos atau penilaian, bersama dengan
perbelanjaan pembangunan yang bersangkutan. Ia dikenal pastikan sebagai harta pembangunan
pada masa pembangunan di atas tanah tersebut bermula. Perbelanjaan pembangunan terdiri
daripada kos pembangunan dan kos lain yang bersangkutan, termasuk faedah dan overhed
pengurusan yang bersangkutan dengan projek tersebut. Kos faedah atas pinjaman yang digunakan
untuk membiayai projek yang berkaitan telah diambilkira sebagai perbelanjaan pembangunan dari
masa permulaan hingga tamat pembangunan.
3.18 Perjanjian Belian Semula
Sekuriti yang dibeli di bawah perjanjian jualan semula ialah sekuriti yang dibeli oleh subsidiarisubsidiari kewangan dengan komitmen untuk menjualnya semula pada tarikh akan datang.
Komitmen untuk menjual semula sekuriti tersebut ditunjukkan sebagai aset dalam kunci kira-kira.
Sebaliknya, obligasi atas sekuriti yang dijual di bawah perjanjian belian semula ialah sekuriti yang
dijual oleh subsidiari-subsidiari kewangan berlesen dari potfolionya dengan komitmen untuk
membeli semula sekuriti tersebut pada masa akan datang. Urus niaga pembiayaan seperti itu dan
obligasi untuk membeli semula sekuriti tersebut ditunjukkan sebagai liabiliti dalam kunci kira-kira.
3.19 Jumlah yang Boleh Diperoleh Dari Danaharta
Jumlah perolehan dari pinjaman yang dijual kepada Pengurusan Danaharta Nasional Berhad
(“Danaharta”) telah diterima dalam dua bahagian; semasa penjualan pinjaman tersebut (“perolehan
awal”) dan semasa mendapat semula pinjaman (“perolehan akhir”). Jumlah perolehan akhir
mewakili bahagian lebihan di atas perolehan awal semasa mendapat semula pinjaman. Bahagian
lebihan ini telah pun ditentukan terdahulu dan adalah kepunyaan subsidiari-subsidiari kewangan
berlesen.
Perbezaan di antara nilai yang dibawa bagi pinjaman dengan perolehan awal dikenal pasti sebagai
“Jumlah yang akan diterima dari Danaharta” di bawah komponen “Penghutang” pada kunci kirakira. Peruntukan bagi jumlah ini telah dibuat untuk mencerminkan penilaian para pengarah akan
nilai boleh direalisasi bagi perolehan akhir pada tarikh kunci kira-kira.
3.20 Muhibah Belian
Muhibah timbul dari pemerolehan perniagaan mewakili perbezaan di antara perolehan bayaran
pembelian dengan nilai wajar aset bersih yang diperoleh, dinyatakan pada kos dan dilunaskan
sepanjang tempoh 20 tahun supaya ia mencerminkan tempoh berguna bagi peluang yang diberikan
itu.
35
ADVANCE SYNERGY BERHAD
Nota-nota Kepada Akaun 31 Disember 1999
4.
PEROLEHAN DAN KOS PENJUALAN
Perolehan Syarikat terdiri daripada pendapatan dividen dan pendapatan faedah.
Perolehan Kumpulan termasuk yang berikut :–
–
–
–
–
–
–
jualan dagangan pada nilai invois dan perkhidmatan yang diberikan.
fi pengurusan, dividen, faedah dan pendapatan sewaan.
yuran keahlian berhubung kemudahan pelaburan percutian kongsi masa.
pendapatan yang didapati daripada operasi hotel dan tempat peranginan selepas diskaun.
pendapatan faedah daripada pinjaman dan pendahuluan, sewa beli, pendiskaunan blok, pajakan
dan kegiatan berkaitan yang lain menurut subsidiari-subsidiari kewangan berlesen.
nilai jualan harta pembangunan siap yang dijual dan nilai jualan berkadar harta pembangunan belum
siap, mengikut tahap siapnya.
bayaran yuran untuk kad, yuran tunai pendahuluan, hasil faedah dan hasil diskaun.
Kos penjualan merupakan kos barangan jualan dan perkhidmatan dari segi operasi perkilangan, hotel
dan tempat peranginan dan harta pembangunan dan kos perkhidmatan pembiayaan dan pajakan.
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5.
PENGENDALIAN UNTUNG/(RUGI)
Kumpulan
1999
1998
RM’000
RM’000
Syarikat
1999
1998
RM’000
RM’000
Keuntungan/(Kerugian) pengendalian dicapai :Setelah mencajkan :Pelunasan muhibah belian
Pelunasan perbelanjaan dihantar
ke hadapan
Perbelanjaan dihantar ke hadapan
dihapus kira
(Pertambahan)/pelunasan muhibah bersih
daripada penyatuan
Imbuhan juruaudit
– Syarikat induk
– Subsidiari-subsidiari
– tahun semasa
– kurangan peruntukan pada tahun
lepas
– tidak berkanun
Hutang lapuk dihapus kira
Jumlah tertunggak dari subsidiari yang tidak
disatukan dihapus kira
Susut nilai/pelunasan aset
tetap (Nota 9)
Imbuhan para pengarah
– Fi
– Emolumen lain
Aset tetap dihapus kira
Muhibah dihapus kira
Perbelanjaan faedah
– Pinjaman
– Overdraf bank
– Sewa beli
– Lain-lain
Sewa pajakan
Kerugian daripada pelupusan aset tetap
Kerugian daripada pelupusan pelaburan
Peruntukan hutang ragu
Peruntukan untuk jumlah hutang ragu
daripada subsidiari-subsidiari
(Kemasukan semula)/Peruntukan untuk
komitmen dan luar jangka
Peruntukan untuk jumlah akan
diterima daripada Danaharta
Peruntukan untuk rugi kredit
Belanja sewa
– Peralatan
– Kenderaan
– Premis
Stok dihapus kira
Kerugian daripada pertukaran mata wang
asing yang tidak direalisasikan
99
110
–00
–00
5,380
3,251
–00
–00
6
7,609
–00
–00
3,285
–00
–00
50
50
50
50
462
402
–00
–00
95
–00
759
60
3
5,212
20
–00
–00
20
–00
–00
703
–00
703
–00
23,902
24,271
165
166
434
2,639
74
12
605
2,208
16,448
–00
144
–00
–00
–00
144
–00
–00
–00
36,086
8,467
2,407
51,018
2,216
5,274
1,379
2,281
56,817
10,092
2,022
54,378
1,024
20
–00
–00
15,386
6,617
–00
4,839
–00
–00
–00
–00
29,640
7,943
–00
7,409
–00
–00
–00
–00
–00
–00
1,724
–00
2,220
–00
–00
16,148
2,915
14,421
5,786
–00
–00
–00
–00
587
31
14,469
2
599
31
10,008
7,737
–00
–00
371
–00
–00
–00
371
–00
1,047
–00
–00
–00
(48)
(1,838)
37
ADVANCE SYNERGY BERHAD
Nota-nota Kepada Akaun 31 Disember 1999
5.
PENGENDALIAN UNTUNG/(RUGI) (Sambungan)
Kumpulan
1999
1998
RM’000
RM’000
Syarikat
1999
1998
RM’000
RM’000
Dan selepas mengkreditkan :Hutang lapuk dan pembiayaan dipungut
semula
Faedah deposit tetap
Laba daripada pelupusan
– Pelaburan disebut harga
– Opsyen
– Syarikat subsidiari
– Lain-lain
Dividen kasar
– Syarikat bersekutu
– Pelaburan tidak disebut harga
– Pelaburan disebut harga
Faedah dipungut semula dari
subsidiari-subsidiari
Faedah pendapatan lain
Tuntutan insuran
Pendapatan sewaan
Laba daripada pertukaran mata wang asing
yang tidak direalisasikan
15,138
607
4,619
801
–00
21
–0
450
4,701
10,072
–00
1,264
2,452
–00
12,386
1,036
2,519
10,072
–00
–00
1,206
–0
–0
–0
–00
64
1,199
–00
1,223
318
–00
–00
–00
135
–0
–0
–00
477
11,985
1,967
–00
211
15,351
2,106
3,143
18
–00
–00
5,006
21
–0
–0
–00
5,049
–00
–0
Nilai wang anggaran untuk manfaat lain yang tidak dimasukkan di atas yang diterima oleh para pengarah
Syarikat dan subsidiari-subsidiari berjumlah RM36,300 (1998: RM35,100) untuk Syarikat dan sebanyak
RM269,300 (1998: RM313,100) untuk Kumpulan.
6.
BUTIRAN LUAR BIASA
Kumpulan
1999
1998
RM’000
RM’000
Kerugian daripada pelupusan
syarikat bersekutu
Muhibah dihapus kira
Yuran profesional dibayar kepada
Danamodal
Peruntukan untuk hutang lapuk
dan ragu serta pembiayaan
Peruntukan untuk penyusutan nilai dalam
– subsidiari-subsidiari
– syarikat bersekutu
– pelaburan disebut harga
38
Syarikat
1999
1998
RM’000
RM’000
117,085
– 00
– 00
80,434
–
–
– 00
– 00
10,952
– 00
–
– 00
– 00
191,339
–
71,584
– 00
– 00
– 00
– 00
10,138
30,937
–
–
–
29,691
10,138
1,999
128,037
312,848
–
113,412
Laporan Tahunan 1999 Annual Report
Nota-nota Kepada Akaun 31 Disember 1999
7.
CUKAI
Kumpulan
1999
1998
RM’000
RM’000
Mengikut hasil tahun semasa
(Lebihan)/kurangan peruntukan dalam
tahun sebelumnya
Pindahan (dari)/ke cukai tertunda
(Nota 36)
Bahagian cukai dalam syarikat-syarikat
bersekutu
Zakat
368
Syarikat
1999
1998
RM’000
RM’000
851
–
37
(349)
–
–
45
–
–
373
547
–
37
566
69
12,970
28
–
–
–
–
1,008
13,545
–
37
75
(70)
Dari segi perolehan pendapatan perniagaan (kecuali pendapatan dividen) yang diperolehi oleh Syarikat
dan Kumpulan bagi tahun kewangan berakhir 31 Disember 1999, tiada peruntukan yang dibuat bagi
Cukai Pendapatan Malaysia, mengikut Seksyen 8, Akta Cukai Pendapatan (Disemak), 1999.
Peruntukan untuk cukai semasa adalah merujuk kepada pendapatan dividen dan keuntungan syarikat
subsidiari asing yang dicukai.
Peruntukan untuk cukai dibuat dalam akaun Kumpulan walaupun Kumpulan mencatat kerugian sebelum
cukai bagi tahun sebelumnya. Ini disebabkan sebahagian besar daripada perbelanjaan tertentu yang
tidak dapat ditolak untuk tujuan cukai dan kerana tiada pengecualian kumpulan di mana kerugian cukai
subsidiari-subsidiari tertentu tidak boleh ditolak daripada keuntungan yang kena cukai ke atas subsidiarisubsidiari yang lain.
8.
KERUGIAN SEUNIT STOK
Kerugian seunit stok dikira berdasarkan kepada kerugian selepas cukai yang disatukan dan kepentingan
minoriti berjumlah RM58,022,000 (1998: RM276,315,000) dan jumlah unit-unit stok terbitan dalam tahun
kewangan semasa berjumlah RM337,793,619 (1998: 337,793,619).
39
ADVANCE SYNERGY BERHAD
Nota-nota Kepada Akaun 31 Disember 1999
9.
ASET TETAP
Kumpulan
1999
Baki
pada
1.1.1999
RM’000
Pelupusan
Syarikat
subsidiari
RM’000
Tambahan
RM’000
Pelupusan
RM’000
Pindahan
dari/(ke)
RM’000
Pelarasan
pertukaran
mata wang Menghapus Baki pada
asing
kira
31.12.1999
RM’000
RM’000
RM’000
Kos/Penilaian
Tanah dan bangunan
milik bebas
55,059
Harta hotel
– pada penilaian
101,968
– pada kos
78,695
Tanah dan bangunan
milik pajakan
jangka panjang
– pada penilaian
8,800
– pada kos
38,524
Tanah dan bangunan
milik pajakan
jangka pendek
60
Loji dan mesin
52,793
Kenderaan bermotor
12,240
Perabot, kelengkapan dan
peralatan
73,786
Pengubahsuaian
20,959
Pinggan mangkuk, barangbarang kaca, kutleri, kain
linen dan perkakas dapur
1,935
Pembinaan dalam pelaksanaan 49,908
Peralatan dan perisian komputer 18,482
–
3,478
(1,094)
28,404
–
–
–00
436
–00
–00
–00
–00
–
–
–00
–00
–00
–00
–
–
–
–00
5,616
100
–
–
551
–00
86,398
–00
(1,050)
–00
–00
101,968
78,081
–00
–00
–00
–00
–00
–00
8,800
38,524
–00
(8,754)
(1,166)
–00
–00
–00
–00
821
13
–00
–00
–00
60
50,476
11,187
2,502
959
(1,324)
(16)
7,958
(13)
148
–00
(74)
–00
82,996
21,889
–
–
–
35
6,528
473
–00
–00
(100)
8
(39,087)
–00
1
(77)
–00
–00
–00
–00
1,979
17,272
18,855
513,209
–
20,127
(12,454)
(2,730)
407
(74)
518,485
1,617
–00
–
–
1,056
–00
(1)
–00
–00
–00
4
–00
–00
–00
2,676
–00
324
4,795
–
–
88
834
–00
–00
–00
–00
–00
–00
–00
–00
412
5,629
10
16,233
8,001
–
–
–
2
4,543
1,748
–00
(2,175)
(1,025)
–00
–00
–00
–00
106
3
–00
–00
–00
12
18,707
8,727
33,208
10,806
–
–
9,780
2,116
(642)
(8)
–00
–00
25
–00
–00
–00
42,371
12,914
35
–00
4,153
–
–
–
29
–00
3,706
–00
–00
–00
–00
–00
–00
–00
–00
–00
–00
–00
–00
64
–00
7,859
79,182
–
23,902
(3,851)
–00
138
–00
99,371
Susut Nilai Terkumpul
Tanah dan bangunan
milik bebas
Harta hotel
Tanah dan bangunan
milik pajakan
jangka panjang
– pada penilaian
– pada kos
Tanah dan bangunan
milik pajakan
jangka pendek
Loji dan mesin
Kenderaan bermotor
Perabot, kelengkapan
dan peralatan
Pengubahsuaian
Pinggan mangkuk, barangbarang kaca, kutleri, kain
linen dan perkakas dapur
Pembinaan dalam pelaksanaan
Peralatan dan perisian komputer
40
Laporan Tahunan 1999 Annual Report
Nota-nota Kepada Akaun 31 Disember 1999
9.
ASET TETAP (Sambungan)
Kumpulan
1998
Baki
pada
1.1.1998
RM’000
Pelupusan
Syarikat
subsidiari
RM’000
Tambahan
RM’000
Pelupusan
RM’000
Pindahan
dari/(ke)
RM’000
Pelarasan
pertukaran
mata wang Menghapus Baki pada
asing
kira
31.12.1998
RM’000
RM’000
RM’000
Kos/Penilaian
Tanah dan bangunan
milik bebas
47,368
Harta hotel
– pada penilaian
101,968
– pada kos
307,645
Tanah dan bangunan
milik pajakan
jangka panjang
– pada penilaian
8,800
– pada kos
38,519
Tanah dan bangunan
milik pajakan
jangka pendek
60
Loji dan mesin
118,700
Kenderaan bermotor
12,406
Perabot, kelengkapan
dan peralatan
71,038
Pengubahsuaian
20,324
Pinggan mangkuk, barangbarang kaca, kutleri, kain
linen dan perkakas dapur
2,020
Pembinaan dalam pelaksanaan 25,228
Peralatan dan perisian komputer 18,117
772,193
– 00
–00
(3,800)
55,059
–
–
–00
14,246
–00
–00
101,968
78,695
–00
–00
–
–
–00
–00
–00
–00
8,800
38,524
–00
14,165
276
–00
(431)
(218)
–
–
–
–00
4,306
(15)
–00
(19,501)
(209)
60
52,793
12,240
– 00
– 00
4,844
1,463
(1,138)
(650)
–
(113)
(642)
–00
(316)
(65)
73,786
20,959
– 00
– 00
– 00
19
27,138
365
–00
–00
–00
–
–
–
(6)
(43)
–00
(98)
(2,415)
–00
1,935
49,908
18,482
62,072
(2,437)
–
17,846
(26,404)
513,209
– 00
(245,615)
– 00
– 00
– 00
(64,446)
– 00
(310,061)
11,378
–00
113
–00
2,419
–00
–00
–00
5
Susut Nilai Terkumpul
Tanah dan bangunan
milik bebas
Harta hotel
Tanah dan bangunan
milik pajakan
jangka panjang
– pada penilaian
– pada kos
Tanah dan bangunan
milik pajakan
jangka pendek
Loji dan mesin
Kenderaan bermotor
Perabot, kelengkapan
dan peralatan
Pengubahsuaian
Pinggan mangkuk, barangbarang kaca, kutleri, kain
linen dan perkakas dapur
Pembinaan dalam pelaksanaan
Peralatan dan perisian komputer
1,467
–00
– 00
– 00
373
–00
–00
–00
59
–
–00
–00
(282)
–00
1,617
–00
236
3,943
– 00
– 00
88
852
–00
–00
–
–
–00
–00
–00
–00
324
4,795
8
30,944
6,288
– 00
(11,747)
– 00
2
5,440
2,073
–00
(70)
(150)
–
–
–
–00
910
(1)
–00
(9,244)
(209)
10
16,233
8,001
25,788
8,206
– 00
– 00
8,623
3,162
(1,055)
(500)
–
(59)
(23)
–00
(125)
(3)
33,208
10,806
110
–00
525
– 00
– 00
– 00
30
–00
3,628
(12)
–00
–00
–
–
–
–00
–00
–00
(93)
–00
–00
35
–00
4,153
77,515
(11,747)
24,271
(1,787)
–
886
(9,956)
79,182
41
ADVANCE SYNERGY BERHAD
Nota-nota Kepada Akaun 31 Disember 1999
9.
ASET TETAP (Sambungan)
1999
RM’000
1998
RM’000
83,722
53,442
101,968
78,081
101,968
78,695
8,388
32,895
8,476
33,729
48
31,769
2,460
40,625
8,975
50
36,560
4,239
40,578
10,153
1,915
17,272
10,996
1,900
49,908
14,329
419,114
434,027
Baki pada
1.1.1999
RM’000
Tambahan
RM’000
Nilai Buku Bersih
Tanah dan bangunan milik bebas
Harta hotel
– pada penilaian
– pada kos
Tanah dan bangunan milik pajakan
jangka panjang
– pada penilaian
– pada kos
Tanah dan bangunan milik pajakan
jangka pendek
Loji dan mesin
Kenderaan bermotor
Perabot, kelengkapan dan peralatan
Pengubahsuaian
Pinggan mangkuk, barang-barang kaca,
kutleri, kain linen dan perkakas dapur
Pembinaan dalam pelaksanaan
Peralatan dan perisian komputer
Syarikat
1999
Pelunasan
RM’000
Baki pada
31.12.1999
RM’000
Kos
Kenderaan bermotor
Perabot, kelengkapan dan peralatan
Pengubahsuaian
195
797
848
–0
–0
–0
–
–
–
195
797
848
1,840
–0
–
1,840
191
550
630
2
78
85
–
–
–
193
628
715
1,371
165
–
1,536
Susut Nilai Terkumpul
Kenderaan bermotor
Perabot, kelengkapan dan peralatan
Pengubahsuaian
42
Laporan Tahunan 1999 Annual Report
Nota-nota Kepada Akaun 31 Disember 1999
9.
ASET TETAP (Sambungan)
Syarikat
1998
Baki pada
1.1.1998
RM’000
Tambahan
RM’000
Pelunasan
RM’000
Baki pada
31.12.1998
RM’000
Kos
Kenderaan bermotor
Perabot, kelengkapan dan peralatan
Pengubahsuaian
195
771
848
–0
26
–0
–
–
–
195
797
848
1,814
26
–
1,840
191
469
545
–0
81
85
–
–
–
191
550
630
1,205
166
–
1,371
1999
RM’000
1998
RM’000
2
169
133
4
247
218
304
469
Susut Nilai Terkumpul
Kenderaan bermotor
Perabot, kelengkapan dan peralatan
Pengubahsuaian
Nilai Buku Bersih
Kenderaan bermotor
Perabot, kelengkapan dan peralatan
Pengubahsuaian
Termasuk dalam aset tetap Kumpulan ialah aset yang diperoleh secara sewa beli dan perjanjian pajakan
kewangan pada kos sebanyak RM25,127,495 (1998: RM31,846,463).
Enam bidang tanah yang termasuk di bawah tanah dan bangunan milik pajakan jangka panjang yang
berjumlah RM239,000 (1998: RM239,000) belum lagi didaftarkan atas nama sebuah subsidiari pada 31
Disember 1999.
Harta hotel yang tertentu telah dinilai semula pada Julai 1995 berdasarkan kepada satu penilaian pasaran
terbuka oleh para pengarah berasaskan kepada penilaian profesional bebas.
Harta hotel dan bangunan dan tanah milik bebas dan tanah milik pajakan yang tertentu telah dicajkan
kepada bank-bank berlesen untuk kemudahan kredit yang telah diberikan kepada Syarikat dan subsidiarisubsidiarinya.
Pembinaan dalam pelaksanaan dinyatakan pada kos dan akan diklasifikasikan semula sebagai harta
hotel selepas pembinaan selesai.
Termasuk di dalam tahun sebelumnya kos pembinaan dalam pelaksanaan ialah faedah yang dimodalkan
berjumlah RM3,803,245. Hak milik strata untuk salah satu harta hotel pada kos RM29,735,533 (1998:
RM29,735,533) masih belum dikeluarkan oleh pihak berkuasa berkenaan.
Tanah dan bangunan milik pajakan jangka panjang pada penilaian Kumpulan telah dinilai semula oleh
para pengarah mengikut satu asas nilai pasaran terbuka berdasarkan satu penilaian profesional bebas
pada tahun 1994. Seperti yang dibenarkan dalam peruntukan peralihan Piawaian Perakaunan
Antarabangsa 16 - Harta Tanah, Loji dan Peralatan, harta tanah dinyatakan pada penilaian 1994,
memandangkan para pengarah belum mengamalkan dasar penilaian sekata. Harta tanah ini dicagarkan
kepada Pengurusan Danaharta Nasional Berhad untuk kemudahan kredit bagi salah sebuah syarikat
subsidiarinya.
Termasuk dalam kos aset tahun lepas yang diperoleh melalui urusan sewa beli berjumlah RM2,697,108 yang
telah disusun semula sebagai urusan pinjaman jangka panjang dalam tahun kewangan semasa.
43
ADVANCE SYNERGY BERHAD
Nota-nota Kepada Akaun 31 Disember 1999
10.
KEPENTINGAN DALAM SUBSIDIARI-SUBSIDIARI
Syarikat
1999
1998
RM’000
RM’000
Saham disebut harga – pada kos
Saham tidak disebut harga – pada kos
Tolak: Peruntukan untuk penyusutan nilai
Jumlah terhutang dari subsidiari-subsidiari
Tolak: Peruntukan untuk hutang ragu
Jumlah terhutang kepada subsidiari-subsidiari
Nilai pasaran bagi saham disebut harga
593,602
235,212
(30,976)
593,614
235,212
(30,976)
797,838
797,850
143,544
(70,524)
141,935
(68,821)
73,020
73,114
870,858
(66,496)
870,964
(63,532)
804,362
807,432
270,677
170,367
Butir-butir subsidiari-subsidiari dibentangkan dalam Nota 43 kepada Akaun.
Beberapa saham sebuah syarikat subsidiari yang disebut harga telah dicagarkan dan saham syarikat
subsidiari tertentu yang tidak disebut harga telah ditempatkan kepada beberapa institusi kewangan
untuk kemudahan kredit yang diberikan kepada Syarikat dan Kumpulan.
Jumlah terhutang kepada syarikat subsidiari berjumlah RM55,526,029 (1998: RM50,927,619) telah
dicagarkan oleh saham tidak disebut harga dalam syarikat subsidiari dan syarikat bersekutu. Tiada
sebarang tempoh pembayaran semula bagi jumlah yang terhutang dan faedah dicaj pada kadar kos
dana syarikat subsidiari.
Pada tarikh kunci kira-kira, nilai yang dibawa bagi pelaburan dalam United Merchant Group Berhad
(“UMG”) pada kos RM593,602,000 telah melebihi nilai pasarannya sebanyak RM322,925,000.
Para pengarah berpendapat bahawa tiada penurunan nilai jangka panjang bagi nilai tara pelaburan
dalam UMG.
Pada 9 September 1999, Pengurusan Danaharta Nasional Berhad melantik Pentadbir-Pentadbir Khas
(“SA”) bagi menguruskan aset dan hal ehwal Advance Synergy Furniture Sdn. Bhd. (“ASF”), sebuah
syarikat subsidiari milik penuh Syarikat. SA akan menyediakan dan mengemukakan satu cadangan
kepada Pengurusan Danaharta Nasional Berhad bagi terus mengekalkan ASF. Sebagai langkah
mengekalkan aset ASF sehingga SA menyempurnakan tugas mereka, satu moratorium 12 bulan ke atas
mana-mana tindakan undang-undang diambil oleh pemiutang-pemiutang dikuat kuasa serta-merta,
dengan perlantikan SA.
44
Laporan Tahunan 1999 Annual Report
Nota-nota Kepada Akaun 31 Disember 1999
11.
KEPENTINGAN DALAM SUBSIDIARI-SUBSIDIARI TIDAK DISATUKAN
Saham tidak disebut harga – pada kos
Tolak: Peruntukan untuk penyusutan
nilai
Jumlah terhutang dari subsidiarisubsidiari yang tidak disatukan
Tolak: Peruntukan untuk hutang ragu
Kumpulan
1999
1998
RM’000
RM’000
Syarikat
1999
1998
RM’000
RM’000
52,658
54,683
52,658
52,658
(4,100)
(4,100)
(4,100)
(4,100)
48,558
50,583
48,558
48,558
–00
–00
–00
Jumlah terhutang kepada syarikat
subsidiari yang tidak disatukan
–00
48,558
4,963
(4,786)
21
(21)
177
–00
1
–00
–00
48,558
48,559
(1,824)
48,936
4,787
(4,786)
Saham-saham tidak disebut harga dari syarikat subsidiari yang tidak disatukan telah dicagar untuk
jaminan baki antara syarikat dengan syarikat subsidiari.
Butir-butir subsidiari yang tidak disatukan, yang diperbadankan di Malaysia adalah seperti berikut :Nama Syarikat
Kegiatan Utama
Kepentingan Efektif
1999
1998
Kedah Marble Sdn. Bhd.
Kerja mengkuari, memproses
dan memasarkan marmar dan
hasil pengeluaran marmar
70%
70%
Akaun syarikat subsidiari Kedah Marble Sdn. Bhd. (“KM”) di atas tidak disatukan yang mana pengurusan
KM dilaksanakan oleh pemegang saham minoriti menurut perjanjian pemegang-pemegang saham dan
Syarikat tidak mempunyai pengaruh yang ketara atas Lembaga Pengarah. Sehubungan itu, akaun KM
yang diaudit tidak dilampirkan seperti yang disyaratkan oleh Akta Syarikat, 1965 atas ketiadaan akaun.
Manakala untuk P.T. Asbindo Infocitra, kos pelaburan Syarikat telah dihapus kira pada tahun kewangan
ini.
45
ADVANCE SYNERGY BERHAD
Nota-nota Kepada Akaun 31 Disember 1999
12.
KEPENTINGAN DALAM SYARIKAT-SYARIKAT BERSEKUTU
Kumpulan
1999
1998
RM’000
RM’000
Syarikat
1999
1998
RM’000
RM’000
Saham disebut harga – pada kos
Saham tidak disebut harga – pada kos
Tolak: Peruntukan untuk penyusutan nilai
–00
21,773
–00
435,832
21,322
(10,138)
–00
19,777
–00
22,538
19,777
(10,138)
Bahagian keuntungan Kumpulan
21,773
60,441
447,016
128,213
19,777
–00
32,177
–00
82,214
575,229
19,777
32,177
Jumlah terhutang kepada sebuah
syarikat bersekutu
Nilai pasaran bagi saham disebut harga
–00
(231)
–00
(231)
82,214
574,998
19,777
31,946
–00
385,588
–00
11,233
Butiran syarikat-syarikat bersekutu dinyatakan dalam Nota 43 kepada Akaun.
Saham sebuah syarikat bersekutu langsung yang tidak disebut harga telah dicagarkan kepada satu
subsidiari untuk menjamin baki antara syarikat.
Kumpulan dan Syarikat telah menjual keseluruhan kepentingan ekuitinya dalam syarikat bersekutunya,
Ban Hin Lee Bank Berhad kepada Southern Bank Berhad dalam tahun kewangan semasa.
13.
TANAH YANG DIPEGANG UNTUK PEMBANGUNAN
Kumpulan
1999
1998
RM’000
RM’000
Tanah milik pajakan
– pada penilaian
– pada kos
Perbelanjaan pembangunan
9,296
327
4,094
9,293
327
4,067
13,717
13,687
Tanah pajakan Kumpulan telah dicagarkan kepada bank-bank tertentu untuk kemudahan perbankan
yang telah diperuntukkan kepada Syarikat dan syarikat subsidiari.
Tanah milik pajakan yang tertentu telah dinilai semula berdasarkan nilai pasaran terbuka dalam tahun
1981 dan 1983. Penilaian telah dibuat oleh para pengarah berdasarkan penilaian yang telah dikendalikan
oleh sebuah firma penilai profesional. Sehingga sekarang, penilaian semula masih belum dikemas kini.
46
Laporan Tahunan 1999 Annual Report
Nota-nota Kepada Akaun 31 Disember 1999
14.
SEKURITI PELABURAN
Kumpulan
1999
1998
RM’000
RM’000
Syarikat
1999
1998
RM’000
RM’000
Instrumen Pasaran Mata Wang
Bon-bon Danamodal
Bon-bon Danaharta
Sekuriti Kerajaan Malaysia
Bon-bon Cagamas
Sekuriti Hutang Swasta dan Islam
Instrumen Deposit Boleh Niaga
Penerimaan jurubank dan
bil-bil penerimaan Islam
Pelunasan premium ditolak
penambahan diskaun
86,150
200,474
504,176
30,109
197,350
40,007
222,730
130,437
511,314
56,482
39,918
105,007
2,533
– 000
– 000
– 000
1,060,799
1,065,888
– 000
– 000
– 000
– 000
– 000
– 000
24,482
1,085,281
(4,589)
1,061,299
–
–
–
–
–
–
000
000
000
000
000
000
–
–
–
–
–
–
000
000
000
000
000
000
Sekuriti Disebut Harga
Di Malaysia :Saham-saham
Waran-waran
Tolak: Peruntukan untuk penyusutan nilai
Di luar Malaysia :Saham-saham
Tolak: Peruntukan untuk penyusutan nilai
12,549
1
(2,454)
20,546
1
(9,402)
4,458
– 000
– 000
5,548
– 000
(3,913)
10,096
11,145
4,458
1,635
27,042
(23,448)
27,042
(23,448)
– 000
– 000
– 000
– 000
3,594
3,594
– 000
– 000
13,690
14,739
4,458
1,635
47
ADVANCE SYNERGY BERHAD
Nota-nota Kepada Akaun 31 Disember 1999
14.
SEKURITI PELABURAN (Sambungan)
Kumpulan
1999
1998
RM’000
RM’000
Syarikat
1999
1998
RM’000
RM’000
Sekuriti yang tidak disebut harga
Di Malaysia :Saham-saham
Sekuriti Hutang Swasta dan Islam
Bon-bon
Stok-stok pinjaman
Lain-lain pelaburan
Di luar Malaysia :Saham-saham
7,521
7,102
24
10,438
320
4,574
13,881
24
–000
320
–
–
–
–
–
0
0
0
0
0
–
–
–
–
–
0
0
0
0
0
25,405
18,799
–0
–0
18,479
29,457
–0
–0
43,884
48,256
–0
–0
1,142,855
1,124,294
4,458
1,635
512,306
30,626
–000
–000
14,728
9,519
203,895
1
496,311
56,470
227,047
132,340
10,842
3,594
–000
–000
–0
–0
–0
–0
8,579
–0
–0
–0
–0
–0
–0
–0
1,425
–0
–0
–0
Nilai pasaran :Sekuriti Kerajaan Malaysia
Bon-bon Cagamas
Bon-bon Danamodal
Bon-bon Danaharta
Saham disebut harga di Malaysia
Saham disebut harga di luar Malaysia
Sekuriti Hutang Swasta dan Islam
Waran-waran
Sekuriti disebut harga milik Syarikat telah dicagarkan kepada institusi kewangan untuk kemudahan
perbankan yang telah diberikan kepadanya.
15.
MUHIBAH DARIPADA PENYATUAN
Kumpulan
1999
1998
RM’000
RM’000
Muhibah daripada penyatuan adalah rizab yang terhasil daripada penyatuan :Pada 1 Januari
Muhibah yang timbul dari subsidiari-subsidiari yang diperoleh
sepanjang tahun
Realisasi rizab yang timbul dari penyatuan daripada pelupusan
subsidiari-subsidiari
Pertambahan/(pelunasan) sepanjang tahun kewangan
Jumlah yang dihapus kira sepanjang tahun kewangan
48
209,904
269,793
– 00
124
– 00
23,706
209,904
48
(12)
293,623
(3,285)
(80,434)
209,940
209,904
Laporan Tahunan 1999 Annual Report
Nota-nota Kepada Akaun 31 Disember 1999
16.
MUHIBAH BELIAN
Kumpulan
1999
1998
RM’000
RM’000
Pada 1 Januari
Hasil dari pemerolehan perniagaan sebuah syarikat subsidiari
yang telah disatukan bagi tahun kewangan
Pelarasan pertukaran mata wang asing
17.
1,776
–0
–0
129
1,886
–0
Pelunasan bagi tahun kewangan
1,905
(99)
1,886
(110)
Pada 31 Disember
1,806
1,776
PERBELANJAAN DIHANTAR KE HADAPAN
Kumpulan
1999
1998
RM’000
RM’000
Pada 1 Januari
Pelarasan pertukaran mata wang asing
28,754
(1,377)
28,110
(18)
27,377
28,092
2,730
834
–00
201
–00
8,181
3,341
–00
3,765
11,522
Pelunasan bagi tahun kewangan
Jumlah yang dihapus kira bagi tahun kewangan
31,142
(5,380)
(6)
39,614
(3,251)
(7,609)
Pada 31 Disember
25,756
28,754
Tambahan sepanjang tahun kewangan
–
–
–
–
18.
klasifikasi semula daripada pembinaan yang dalam pelaksanaan
perbelanjaan praoperasi dan praproduksi
perbelanjaan pembangunan dan yang tertunda
lain-lain
HARTA PEMBANGUNAN DAN PERBELANJAAN
Kumpulan
1999
1998
RM’000
RM’000
Tanah pegangan pajakan :– pada penilaian
– pada kos
Perbelanjaan pembangunan
10,552
1,377
21,525
11,661
1,671
31,166
33,454
44,498
49
ADVANCE SYNERGY BERHAD
Nota-nota Kepada Akaun 31 Disember 1999
18.
HARTA PEMBANGUNAN DAN PERBELANJAAN (Sambungan)
Tanah milik pajakan milik sebuah subsidiari telah dinilai semula oleh para pengarah mengikut satu asas
nilai pasaran terbuka berdasarkan satu penilaian profesional bebas pada Februari 1992, dan sejak itu
masih belum dikemas kini.
Terdapat dalam perbelanjaan pembangunan ialah faedah yang dimodalkan sepanjang tahun kewangan
berjumlah RM1,907,027 (1998: RM3,383,614).
Beberapa tanah pajakan tertentu yang sedang dibangunkan telah dicajkan kepada institusi-institusi
kewangan sebagai jaminan terhadap kemudahan kredit yang diberikan kepada subsidiari.
19.
STOK
Kumpulan
1999
1998
RM’000
RM’000
Bekalan operasi
Makanan dan minuman
Barangan siap
Harta pembangunan yang telah siap
Bahan mentah
Harta tanah dihalang tebus
Kerja yang sedang dilaksanakan
175
459
4,433
12,563
5,317
16,560
1,414
208
550
2,030
12,904
4,751
15,609
1,668
40,921
37,720
Stok harta tanah yang telah siap sudah pun dicagarkan kepada bank tertentu bagi kemudahan kredit yang
diberi kepada Syarikat dan sebuah syarikat subsidiari.
20.
PENGHUTANG
Kumpulan
1999
1998
RM’000
RM’000
Penghutang perdagangan
Tolak: Peruntukan untuk hutang ragu
Penghutang lain, deposit dan bayaran
terdahulu
Tolak: Peruntukan untuk hutang ragu
Jumlah dihutang oleh Danaharta
Jumlah akan diterima daripada Danaharta
Tolak: Peruntukan untuk hutang ragu
Cukai akan diterima
50
Syarikat
1999
1998
RM’000
RM’000
55,494
(4,083)
56,114
(3,979)
–00
–00
–00
–00
51,411
52,135
–00
–00
119,535
(755)
103,780
(546)
21,806
–00
10,686
–00
118,780
103,234
21,806
10,686
–000
189,080
–00
–00
72,497
(30,569)
72,104
(14,421)
–00
–00
–00
–00
41,928
57,683
–00
–00
3,669
3,669
3,669
3,669
215,788
405,801
25,475
14,355
Laporan Tahunan 1999 Annual Report
Nota-nota Kepada Akaun 31 Disember 1999
20.
PENGHUTANG (Sambungan)
Termasuk di bawah penghutang-penghutang lain, deposit dan bayaran terdahulu untuk Kumpulan ialah
deposit sebanyak RM30 juta (1998: RM30 juta) yang dibayar kepada vendor saham Malpac Holdings
Berhad merujuk kepada Perjanjian Jual dan Beli untuk saham-saham tersebut.
21.
DEPOSIT BERKANUN DENGAN BANK NEGARA MALAYSIA
Deposit berkanun tanpa faedah disimpan dengan Bank Negara Malaysia, mengikut Seksyen 37(1)(c)
Ordinan Bank Pusat Malaysia Akta 1958. Jumlah tersebut ditentukan sebagai peratusan tetap daripada
jumlah liabiliti yang layak daripada subsidiari yang dilesenkan sebagai institusi kewangan.
22.
PINJAMAN, PENDAHULUAN DAN PEMBIAYAAN
Kumpulan
1999
1998
RM’000
RM’000
Kemudahan kredit pusingan
Pinjaman berpenggal-kadar terapung
Pendiskaunan blok
Pinjaman perumahan
Tuntutan ke atas pelanggan di bawah kredit penerimaan
Pajakan belum terima
Sewa beli belum terima
Pinjaman kakitangan
Lain-lain pinjaman
1,012,999
1,759,297
54,710
390,947
992
594
2,286,129
32,370
11
1,189,550
1,658,713
70,376
280,773
7,050
1,617
1,952,329
32,778
54
Faedah dan pendapatan belum diperoleh
5,538,049
(631,941)
5,193,240
(453,691)
Pinjaman, pendahuluan dan pembiayaan kasar
4,906,108
4,739,549
87,725
190,258
119,529
88,035
252,576
102,568
(397,512)
(443,179)
Tolak: Peruntukan untuk hutang lapuk, hutang ragu
dan pembiayaan :– Am
– Khusus
Faedah tergantung/Pendapatan tergantung
Pinjaman, pendahuluan dan pembiayaan bersih
4,508,596
4,296,370
51
ADVANCE SYNERGY BERHAD
Nota-nota Kepada Akaun 31 Disember 1999
23.
SEKURITI URUS NIAGA
Kumpulan
1999
1998
RM’000
RM’000
Instrumen pasaran mata wang :Penerimaan jurubank dan bil-bil penerimaan Islam
Sekuriti disebut harga :Saham disebut harga di Malaysia
Nilai pasaran :Penerimaan jurubank dan bil-bil penerimaan Islam
Saham disebut harga di Malaysia
24.
–0
62,821
2,155
680
2,155
63,501
–0
2,491
63,563
680
DEPOSIT DENGAN INSTITUSI-INSTITUSI KEWANGAN
Kumpulan
1999
1998
RM’000
RM’000
Bank berlesen
Syarikat kewangan berlesen
Lain-lain institusi kewangan
Syarikat
1999
1998
RM’000
RM’000
14,238
64,125
10,000
85,824
27,879
80,000
3,800
–0
–0
688
–0
–0
88,363
193,703
3,800
688
Deposit tertentu dengan bank berdaftar telah dicagarkan kepada institusi kewangan untuk kemudahan
perbankan yang telah diberikan kepada subsidiari-subsidiari tertentu.
25.
TUNAI DAN DANA JANGKA PENDEK
Kumpulan
1999
1998
RM’000
RM’000
Tunai dan baki bank
Wang panggilan dan penempatan deposit
yang matang dalam tempoh sebulan
52
97,020
53,817
549,670
646,690
Syarikat
1999
1998
RM’000
RM’000
170
7
533,901
–
–
587,718
170
7
Laporan Tahunan 1999 Annual Report
Nota-nota Kepada Akaun 31 Disember 1999
26.
PEMIUTANG
Pemiutang perdagangan
Pemiutang lain dan akruan
Peruntukan untuk ganjaran persaraan
Peruntukan untuk komitmen dan
luar jangka
Pemiutang sewa beli :Baki pada akhir tahun
Harus dibayar selepas 12 bulan
27.
Kumpulan
1999
1998
RM’000
RM’000
Syarikat
1999
1998
RM’000
RM’000
30,640
215,773
– 00
26,774
273,012
2,024
–00
48,338
–00
–00
34,899
–00
– 00
2,220
–00
–00
16,381
(9,423)
21,982
(10,547)
–00
–00
–00
–00
6,958
11,435
–00
–00
253,371
315,465
48,338
34,899
PINJAMAN JANGKA PENDEK
Kumpulan
1999
1998
RM’000
RM’000
Bercagar :Kredit pusingan
Pinjaman berpenggal (Nota 35)
Overdraf bank
Lain-lain
Tidak bercagar :Kredit pusingan
Overdraf bank
Pinjaman berpenggal (Nota 35)
Pinjaman Modal Subordinat Boleh
Ubah (Nota 33)
Lain-lain
Syarikat
1999
1998
RM’000
RM’000
12,071
49,541
10,596
6,243
189,439
244,858
92,469
7,469
–
–
–
–
154,090
5,000
60,841
–000
78,451
534,235
–
219,931
12,173
9,770
– 00
37,874
8,351
14,961
–
–
–
3,000
–000
–000
50,000
355
533,000
678
–
–
–000
–000
72,298
594,864
–
3,000
150,749
1,129,099
–
222,931
Pinjaman Kumpulan dan Syarikat dicagarkan dengan :(i)
Caj berdaftar atas harta pembangunan dan tanah dan bangunan tertentu; dan
(ii)
Caj berdaftar atas aset tetap dan aset semasa tertentu dalam subsidiari-subsidiari tertentu.
Kadar faedah tahunan ke atas pinjaman adalah antara 7.30% hingga 11.40% (1998: 8.40% hingga
19.00%).
Beberapa pinjaman jangka pendek Kumpulan dan Syarikat telah diklasifikasi semula kepada pinjaman
jangka panjang atas sebab pengstrukturan yang dicadangkan, seperti yang diterangkan dalam Nota 44
(xi) kepada Akaun.
53
ADVANCE SYNERGY BERHAD
Nota-nota Kepada Akaun 31 Disember 1999
28.
DEPOSIT DAN PENEMPATAN OLEH BANK DAN INSTITUSI KEWANGAN LAIN
Kumpulan
1999
1998
RM’000
RM’000
Bank berlesen
Syarikat kewangan berlesen
Lain-lain institusi kewangan
29.
419,019
375,000
165,719
602,018
297,600
109,958
959,738
1,009,576
DEPOSIT DARIPADA PELANGGAN
Kumpulan
1999
1998
RM’000
RM’000
Deposit tetap
Deposit instrumen boleh niaga
Deposit simpanan
Lain-lain
30.
4,721,731
– 000
312,045
10,913
4,206,797
11,200
95,533
569
5,044,689
4,314,099
MODAL SAHAM
Kumpulan dan Syarikat
1999
1998
RM’000
RM’000
31.
Dibenarkan :Saham biasa bernilai RM1.00 setiap satu
800,000
800,000
Diterbit dan dibayar penuh :Saham biasa bernilai RM1.00 setiap satu dibayar penuh
dan ditukar ke unit-unit stok bernilai RM1.00 setiap satu
337,794
337,794
RIZAB
Premium saham
Rizab modal
Rizab berkanun (Nota 31.1)
Rizab perubahan pertukaran mata wang
asing
Lain-lain rizab (Nota 31.2)
Jumlah rizab tidak boleh diagih
Kerugian terkumpul – boleh diagih
54
Kumpulan
1999
1998
RM’000
RM’000
Syarikat
1999
1998
RM’000
RM’000
432,423
69
49,095
432,423
69
–000
432,423
69
–000
–000
–000
–000
–000
3,247
–000
432,423
69
25,613
(2,540)
7,518
484,834
(303,722)
463,083
(222,218)
432,492
(140,236)
432,492
(123,025)
181,112
240,865
292,256
309,467
Laporan Tahunan 1999 Annual Report
Nota-nota Kepada Akaun 31 Disember 1999
31.
RIZAB (Sambungan)
Kumpulan
1999
1998
RM’000
RM’000
Syarikat
1999
1998
RM’000
RM’000
31.1 Rizab berkanun :Pada 1 Januari
Pindahan daripada akaun untung rugi
25,613
23,482
25,613
– 00
–
–
–
–
Pada 31 Disember
49,095
25,613
–
–
Rizab berkanun dikekalkan mematuhi Seksyen 36 Akta Perbankan dan Institusi-institusi Kewangan,
1989 dan tidak boleh diagihkan sebagai dividen tunai.
31.2 Lain-lain rizab :Pada 1 Januari
Saham rizab am syarikat bersekutu
Klasifikasi semula selepas penjualan
syarikat bersekutu
Pada 31 Disember
32.
7,518
–00
4,156
3,362
–
–
–
–
–00
–
–
7,518
–
–
(7,518)
–00
SIJIL DEPOSIT SUBORDINAT
Sijil Deposit Subordinat (“CDs”) telah diterbitkan dalam tahun 1996 oleh sebuah syarikat subsidiari
kewangan yang meliputi CDs 10 tahun yang dikenakan faedah pada kadar tetap sebanyak 8.75% setahun
untuk tempoh lima (5) tahun pertama dan disubordinatkan kepada semua liabiliti lain syarikat subsidiari
tersebut.
Pada ulang tahun kelima daripada tarikh penerbitan dan setiap ulang tahun selepas itu, CDs boleh
ditebus pada harga tebus yang dinyatakan pada CDs atas opsyen syarikat subsidiari kewangan berkenaan
tertakluk kepada kelulusan daripada Bank Negara Malaysia terlebih dahulu.
CDs berkenaan layak sebagai modal Tahap II bagi tujuan menentukan Nisbah Kecukupan Modal untuk
syarikat subsidiari kewangan berlesen.
33.
PINJAMAN MODAL SUBORDINAT BOLEH UBAH (“ESCLs”)
Kumpulan
1999
1998
RM’000
RM’000
Pinjaman Modal Subordinat Boleh Ubah
Tolak: Bahagian di bawah pinjaman jangka pendek (Nota 27)
50,000
(50,000)
850,000
(533,000)
–
317,000
ESCLs yang diperolehi oleh dua buah syarikat subsidiari iaitu United Merchant Finance Berhad (“UMF”)
dan Perdana Merchant Bankers Berhad (“PMBB”) dalam tahun 1998, dikenakan faedah pada kadar 7.5%
setahun. ESCLs tersebut boleh diperbaharui secara berkala seperti ditetapkan oleh Danamodal dan
diluluskan oleh BNM.
Pada 19 Februari 1999, UMF membayar balik RM450 juta daripada RM800 juta ESCL yang diberikan oleh
Danamodal dan pada 31 Mac 1999, UMF selanjutnya membayar balik RM33 juta. Pada 16 Ogos 1999,
UMF telah membayar baki ESCL yang berjumlah RM317 juta.
Selepas tarikh kunci kira-kira, pada 3 Februari 2000 PMBB telah membayar sepenuhnya ESCL berjumlah
RM50 juta kepada Danamodal (rujuk Nota 45 (ii) kepada Akaun).
55
ADVANCE SYNERGY BERHAD
Nota-nota Kepada Akaun 31 Disember 1999
34.
PINJAMAN JANGKA PANJANG
Bercagar :Kredit pusingan
Overdraf bank
Tidak bercagar :Kredit pusingan
Kumpulan
1999
1998
RM’000
RM’000
Syarikat
1999
1998
RM’000
RM’000
165,734
75,446
–
–
153,234
72,282
–
–
241,180
–
225,516
–
3,000
–
3,000
–
244,180
–
228,516
–
Pinjaman Kumpulan dan Syarikat adalah dicagarkan dengan :
(i)
caj yang didaftarkan atas pembayaran harta tanah, dan tanah serta bangunan.
(ii)
caj yang didaftarkan atas sebahagian aset tetap dan terapung sesetengah syarikat subsidiari.
(iii)
caj yang didaftarkan atas saham syarikat subsidiari dan pelaburan, dan saham sebuah syarikat
subsidiari tertentu yang tidak disebut harga; dan
(iv)
beberapa caj yang didaftarkan atas beberapa sekuriti yang disebut harga.
Kadar faedah atas pinjaman adalah antara 7.30% hingga 11.40% (1998: 8.40% hingga 19.00%) setahun.
Keseluruhan pinjaman jangka panjang Kumpulan dan Syarikat telah diambil kira sebagai sebahagian
daripada penyusunan semula pinjaman bank dari beberapa institusi kewangan seperti yang dinyatakan
dalam Nota 44 (xi) kepada Akaun.
35.
PINJAMAN BERPENGGAL
Kumpulan
1999
1998
RM’000
RM’000
Syarikat
1999
1998
RM’000
RM’000
Bercagar :Pinjaman berpenggal
Tolak: Bahagian yang harus dibayar dalam
jangka masa dua belas bulan di bawah
pinjaman jangka pendek (Nota 27)
175,392
357,552
–
5,000
(244,858)
–
(5,000)
125,851
112,694
–
–0
5,875
22,154
–
–0
(14,961)
–
–0
(49,541)
Tidak bercagar :Pinjaman berpenggal
Tolak: Bahagian yang dijangka dalam dua
belas bulan yang termasuk di bawah
pinjaman jangka pendek (Nota 27)
– 00
5,875
7,193
–
–0
131,726
119,887
–
–0
Kemudahan pinjaman berpenggal dicagarkan melalui cara yang diperihalkan dalam Nota 27.
Pinjaman berpenggal Kumpulan berjumlah RM82,726,000 telah dimasukkan sebagai sebahagian
daripada pengstrukturan semula yang dicadangkan, melibatkan pinjaman daripada beberapa institusi
kewangan seperti yang dinyatakan dalam Nota 44 (ix) kepada Akaun.
56
Laporan Tahunan 1999 Annual Report
Nota-nota Kepada Akaun 31 Disember 1999
36.
CUKAI TERTUNDA
Kumpulan
1999
1998
RM’000
RM’000
Pada 1 Januari
Pindahan dari/(ke) akaun untung rugi (Nota 7)
Pelarasan pertukaran mata wang asing
1,520
(70)
4
1,670
45
(195)
Pada 31 Disember
1,454
1,520
Peruntukan cukai tertunda pada hujung tahun kewangan adalah berhubungan dengan perbezaan masa
yang berikut :Kumpulan
1999
1998
RM’000
RM’000
Perbezaan antara susut nilai dan peruntukan modal pada aset tetap
Perbezaan yang timbul dari lebihan penilaian semula bagi tanah
yang dipegang untuk pembangunan
Lain-lain perbezaan masa
37.
300
397
2,007
(853)
1,241
(118)
1,454
1,520
KOMITMEN DAN LIABILITI LUAR JANGKA – TIDAK BERCAGAR
Syarikat subsidiari kewangan berlesen menanggung liabiliti luar jangka terhadap pinjaman perumahan
yang dijual kepada Cagamas Berhad, dengan syarat mereka melaksanakan pentadbiran hutang-hutang
berkenaan bagi pihak Cagamas Berhad dan membeli semula apabila pinjaman-pinjaman berkenaan
dianggap tidak berkesan berdasarkan kriteria berhemat.
Komitmen dan luar jangka adalah seperti berikut :Kumpulan
1999
1998
RM’000
RM’000
Tuntutan oleh Lembaga Hasil Dalam Negeri
atas tunggakan cukai lepas
Jaminan yang diberikan bagi pihak
pelanggan-pelanggan
Gantian kredit terus
Urus niaga berhubung perkara luar jangka
Pinjaman perumahan yang dijual
secara langsung dan tidak langsung
kepada Cagamas Berhad
Obligasi di bawah komitmen
penajaan jaminan
Komitmen untuk memberikan kredit
yang tidak dapat dikutip semula
– tidak melebihi satu tahun
– melebihi satu tahun
Jaminan untuk pihak ketiga
Obligasi melibatkan tuntutan oleh pembekal
atas kontrak yang tidak dilaksanakan
Jaminan yang diberikan bagi pihak
subsidiari-subsidiari
Lain-lain aset yang dijual dengan tuntutan beli
balik dan komitmen terhadap penggunaan
Syarikat
1999
1998
RM’000
RM’000
101
–000
–000
–000
–000
77,257
10,964
88,866
36,581
8,805
–000
–000
–000
–000
–000
–000
156,656
234,063
–000
–000
25,500
18,500
–000
–000
68,596
363,345
229
122,969
473,566
227
–000
–000
–000
–000
–000
–000
24
–000
–000
–000
–000
–000
223,285
230,772
26,454
–000
–000
–000
729,126
983,577
223,285
230,772
57
ADVANCE SYNERGY BERHAD
Nota-nota Kepada Akaun 31 Disember 1999
37.
KOMITMEN DAN LIABILITI LUAR JANGKA – TIDAK BERCAGAR (Sambungan)
Syarikat telah menerima notis tindakan undang-undang yang diambil oleh seorang pemegang saham
yang mempertikaikan asas penentu kelayakan kepada Terbitan Bonus yang dilaksanakan oleh Syarikat
pada tahun 1993. Walaupun keputusan muktamad perkara ini masih belum pasti pada masa ini, para
pengarah berpendapat bahawa tindakan guaman tersebut tidak mempunyai asas dan tidak akan berjaya.
38.
KOMITMEN PAJAKAN
Kumpulan mempunyai komitmen pajakan berhubung dengan premis sewaan dan kelengkapan sewaan,
selepas ditolak pajakan kecil, adalah seperti berikut :-
Tahun
dalam masa satu tahun
dalam masa satu hingga dua tahun
lebih daripada dua tahun
39.
Kumpulan
1999
1998
RM’000
RM’000
1,046
537
307
2,032
676
96
KOMITMEN MODAL
Kumpulan
1999
1998
RM’000
RM’000
Perbelanjaan modal :– dibenarkan dan dikontrakkan
– dibenarkan tetapi tidak dikontrakkan
139,255
785
141,532
6,499
Pada 14 Ogos 1997, sebuah syarikat subsidiari, United Merchant Group Berhad (“UMG”) telah menandatangani
perjanjian jual beli saham bersyarat dengan vendor Malpac Holdings Berhad (“Malpac”) untuk membeli
32.9% kepentingan ekuiti yang meliputi 24,675,000 saham biasa berharga RM1.00 sesaham dalam
Malpac dengan bayaran tunai sebanyak RM166,556,250 pada RM6.75 sesaham biasa. Kelulusan daripada
pihak-pihak berkuasa seperti Kementerian Kewangan telah diperolehi pada 20 November 1997,
Suruhanjaya Sekuriti pada 20 Disember 1997 dan Jawatankuasa Pelaburan Asing pada 26 Disember
1997.
Komitmen modal yang dibenarkan dan dikontrakkan bagi Kumpulan berhubung dengan baki harga
belian atas cadangan pengambilalihan saham-saham Malpac Holdings Berhad sebanyak RM136,556,000
(1998: RM136,556,000).
Pada tahun kewangan ini, para pengarah UMG telah memulakan rundingan dengan vendor tersebut
untuk menamatkan cadangan pengambilalihan Malpac. Di bawah cadangan penamatan itu, hak dan
tanggungjawab UMG di bawah perjanjian jual beli bersyarat bertarikh 14 Ogos 1997 akan dibatalkan dan
deposit asal (seperti yang dinyatakan dalam Nota 20 kepada Akaun) yang dibuat oleh UMG akan
dikembalikan.
58
Laporan Tahunan 1999 Annual Report
Nota-nota Kepada Akaun 31 Disember 1999
40.
LAPORAN SEGMEN
Operasi Kumpulan sepanjang tahun kewangan kebanyakannya tertumpu di Malaysia. Analisis operasi
Kumpulan mengikut kegiatan bagi tahun kewangan adalah seperti berikut :-
1999
Kumpulan
Jumlah
Kerugian
Aset Ketara
Perolehan Sebelum Cukai Digunakan
RM’000
RM’000
RM’000
Pemegangan pelaburan dan pengurusan
Pembangunan harta tanah
Perkilangan
Perkhidmatan kewangan dan pajakan
Hotel dan tempat peranginan
7,216
27,729
54,367
554,294
54,674
(31,837)
916
(1,584)
(59,301)
(4,204)
63,483
87,559
188,410
6,811,332
312,763
698,280
(96,010)
7,463,547
Syarikat-syarikat bersekutu
– bahagian hasil
32,306
(63,704)
1998
Pemegangan pelaburan dan pengurusan
Pembangunan harta tanah
Perkilangan
Perkhidmatan kewangan dan pajakan
Hotel dan tempat peranginan
Syarikat-syarikat bersekutu
– bahagian hasil
18,629
4,169
57,122
728,127
91,767
(114,618)
(3,403)
(17,890)
(325,629)
6,643
67,525
96,168
173,159
7,370,886
302,548
899,814
(454,897)
8,010,286
32,185
(422,712)
41.
URUS NIAGA PENTING DENGAN SYARIKAT BERKAITAN
Syarikat
1999
1998
RM’000
RM’000
Faedah harus dibayar kepada subsidiari-subsidiari
Faedah belum diterima daripada subsidiari-subsidiari
42.
4,839
(3,143)
7,409
(5,006)
ANGKA-ANGKA PERBANDINGAN
Angka-angka perbandingan yang tertentu telah dinyata dan diklasifikasikan semula untuk menepati cara
persembahan tahun semasa.
59
ADVANCE SYNERGY BERHAD
Nota-nota Kepada Akaun 31 Disember 1999
43.
SENARAI SUBSIDIARI-SUBSIDIARI DAN SYARIKAT-SYARIKAT BERSEKUTU
Subsidiari-subsidiari dan syarikat-syarikat bersekutu yang diperbadankan di Malaysia (selain daripada
yang dinyatakan sebaliknya) ialah :Nama Syarikat
Kegiatan Utama
Kepentingan Efektif
31.12.1999
31.12.1998
Subsidiari-subsidiari Syarikat
60
Nagapura Management
Corporation Sdn. Bhd.
Penyediaan khidmat
pengurusan
100%
100%
Sadong Development Sdn. Bhd.
Pembangunan harta tanah
100%
100%
*Ausborn Sawmill Sdn. Bhd.
Kilang papan dan perniagaan
kayu gergaji
100%
100%
*Bornion Sawmill Sdn. Bhd.
Kilang papan dan perniagaan
kayu gergaji
100%
100%
*Advance Synergy Realty Sdn. Bhd.
Pembangunan harta tanah
100%
100%
*United Merchant Group Berhad
Pegangan pelaburan
50.75%
50.75%
Plastic Centre Sdn. Berhad
Perniagaan botol plastik,
bekas, penutup skru biasa
dan penutup
70%
70%
Synergy Card & Payment Services
Sendirian Berhad
Penyediaan produk dan
khidmat yang berkait dengan
pembayaran
51%
51%
Alangka-Suka Hotels & Resorts
Berhad
Pegangan pelaburan
99.63%
99.63%
Advance Synergy Properties
Sdn. Bhd.
Pegangan pelaburan
100%
100%
Advance Synergy Timber Sdn. Bhd.
Tidak aktif
100%
100%
Alam Samudera Corporation
Berhad
Tidak aktif
100%
100%
Synergy Petroleum Incorporated
(Diperbadankan di
British Virgin Islands)
Pegangan pelaburan
100%
100%
ASB Timber (PNG) Limited
(Diperbadankan di
Papua New Guinea)
Industri perhutanan
100%
100%
Excellent Display Sdn. Bhd.
Pegangan pelaburan
100%
100%
Excellent Arch Sdn. Bhd.
Pegangan pelaburan
100%
100%
Synergy Gold Incorporated
(Diperbadankan di
British Virgin Islands)
Pegangan pelaburan
100%
100%
*P.T. Asbindo Infocitra
(Diperbadankan di Indonesia)
Perkhidmatan dalam rekaan
dan pemprosesan data
kejuruteraan elektronik
51%
51%
Laporan Tahunan 1999 Annual Report
Nota-nota Kepada Akaun 31 Disember 1999
Nama Syarikat
Kegiatan Utama
Kepentingan Efektif
31.12.1999
31.12.1998
Subsidiari-subsidiari United
Merchant Group Berhad
*United Merchant Finance Berhad
Syarikat kewangan berlesen
50.75%
50.75%
*ASC Equities Sdn. Bhd.
Pelaburan perniagaan dan
pelaburan modal
50.75%
50.75%
*ASC Credit Sdn. Bhd.
Tidak aktif
50.75%
50.75%
*Perdana Merchant Bankers
Berhad
Perkhidmatan perbankan
saudagar
35.58%
35.58%
*UMF Development Sdn. Bhd.
Pelaburan harta tanah
50.75%
50.75%
*UMF Nominees (Tempatan)
Sdn. Bhd.
Perkhidmatan nomini
50.75%
50.75%
*UMF Nominees (Asing) Sdn. Bhd.
Perkhidmatan nomini
50.75%
50.75%
Pelaburan harta tanah
50.75%
50.75%
*Perdana Finance Berhad
Syarikat kewangan berlesen
31.31%
31.31%
*Perdana Nominees (Tempatan)
Sdn. Bhd.
Perkhidmatan nomini
35.58%
35.58%
*Perdana Nominees (Asing)
Sdn. Bhd.
Perkhidmatan nomini
35.58%
35.58%
*Perdana Mutual Fund Berhad
Tidak aktif
35.58%
35.58%
Pelaburan harta tanah
31.31%
31.31%
Subsidiari-subsidiari United
Merchant Finance Berhad
Subsidiari UMF Development
Sdn. Bhd.
*Seal Line Trading Sdn. Bhd.
Subsidiari-subsidiari Perdana
Merchant Bankers Berhad
Subsidiari Perdana Finance
Berhad
*Perdana Visi Hartanah Sdn. Bhd.
Subsidiari-subsidiari Plastic
Centre Sdn. Berhad
PC Realty Sdn. Bhd.
Tidak aktif
70%
70%
Packaging Centre Services
Sdn. Bhd.
Perkilangan dan
pembungkusan barangan
pengguna
70%
70%
Zeller Plastik (Malaysia) Sdn. Bhd.
Perkilangan dan penjualan
penutup ‘flip top’
50.05%
50.05%
61
ADVANCE SYNERGY BERHAD
Nota-nota Kepada Akaun 31 Disember 1999
Nama Syarikat
Kegiatan Utama
Kepentingan Efektif
31.12.1999
31.12.1998
*Plastic Centre Pte. Ltd.
(Diperbadankan di Singapura)
Perkilangan dan perniagaan
botol plastik, bekas, penutup
skru biasa dan penutup
70%
70%
PC Ventures Sdn. Bhd.
Pegangan pelaburan
70%
70%
Calmford Incorporated
(Diperbadankan di
British Virgin Islands)
Pegangan pelaburan
70%
70%
Sewaan mesin dan peralatan
56%
56%
Perkilangan dan penjualan
produk besi
35.74%
35.74%
Perkilangan tempahan untuk
produk barangan plastik
15.47%
15.47%
Pembangunan harta tanah
95%
95%
Pembangunan harta tanah
95%
95%
Acrylic Synergy Sdn. Bhd.
Tidak aktif
81%
81%
Syarikat Fit and Weld
Engineering (M) Sdn. Bhd.
Kontraktor kimpalan dan
fabrikasi keluli
70%
70%
*e-go.com Sdn. Bhd.
Persediaan aplikasi dan
khidmat e-dagang
60%
–
Pegangan pelaburan
100%
100%
Subsidiari Packaging Centre
Services Sdn. Bhd.
Noweia Industries Sdn. Bhd.
Subsidiari Calmford
Incorporated
*Jarrett Synergy Pty Ltd
(Diperbadankan di Australia)
Syarikat bersekutu
PC Ventures Sdn. Bhd.
*Teck See Plastic Sdn. Bhd.
Subsidiari Sadong
Development Sdn. Bhd.
Hotel Golden Dragon Sdn. Bhd.
Subsidiari Hotel Golden
Dragon Sdn. Bhd.
Simpang Tiga Realty Sdn. Bhd.
Subsidiari-subsidiari Nagapura
Management Corporation
Sdn. Bhd.
Subsidiari Advance Synergy
Properties Sdn. Bhd.
Synergy Realty Incorporated
(Diperbadankan di
British Virgin Islands)
62
Laporan Tahunan 1999 Annual Report
Nota-nota Kepada Akaun 31 Disember 1999
Nama Syarikat
Kegiatan Utama
Kepentingan Efektif
31.12.1999
31.12.1998
Subsidiari Synergy Realty
Incorporated
*Synergy Investments
Australia Pty Ltd
(Diperbadankan di Australia)
Pembangunan harta tanah dan
pelaburan
70%
70%
Super Leisure Sdn. Bhd.
Mengendali dan menguruskan
restoran-restoran
70%
70%
Visage Synergy Sdn. Bhd.
Tidak aktif
70%
70%
Perkilangan dan pemasaran
perabot
100%
100%
Gateway Card Services (Malaysia)
Sdn. Bhd.
Pemasaran kad diskaun
51%
51%
Loyalty Card Services Sdn. Bhd.
Pemasaran kad setia
pelanggan
51%
51%
Datakey Sdn. Bhd.
(Dahulu dikenali sebagai
Quantum Esteem Sdn. Bhd.)
Tidak aktif
51%
–
Subsidiari-subsidiari Excellent
Display Sdn. Bhd.
Subsidiari Excellent Arch
Sdn. Bhd.
Advance Synergy Furniture
Sdn. Bhd.
Subsidiari-subsidiari Synergy
Card & Payment Services
Sendirian Berhad
Subsidiari-subsidiari AlangkaSuka Hotels & Resorts Berhad
Alor Setar Holiday Villa Sdn. Bhd.
Memiliki dan mengendalikan
Alor Setar Holiday Villa
89.67%
89.67%
Holiday Villa Travel & Tours
Sdn. Bhd.
Perkhidmatan limosin
99.63%
99.63%
Langkawi Holiday Villa Sdn. Bhd.
Memiliki dan mengendalikan
Langkawi Holiday Villa Resort
99.63%
99.63%
Mayor Hotels Berhad
Memiliki dan mengendalikan
City Villa Kuala Lumpur
99.63%
99.63%
Cherating Holiday Villa Berhad
Memiliki dan mengendalikan
Cherating Holiday Villa Resort
99.63%
99.63%
Antara Holiday Villas Sdn. Bhd.
Perkhidmatan pengurusan
hotel
99.63%
99.63%
*Suntop Corporation Sdn. Bhd.
Tidak aktif
99.63%
99.63%
63
ADVANCE SYNERGY BERHAD
Nota-nota Kepada Akaun 31 Disember 1999
Nama Syarikat
Kegiatan Utama
Kepentingan Efektif
31.12.1999
31.12.1998
Asbina Hotel & Property Sdn. Bhd.
Pemilik pegangan pajakan
Monorom Holiday Villa,
Phnom Penh
76.32%
99.63%
Asbina Hotel & Property (Vietnam)
Sdn. Bhd.
Tidak aktif
99.63%
99.63%
Holiday Villas International Limited
(Diperbadankan di
British Virgin Islands)
Perkhidmatan pengurusan
hotel
99.63%
99.63%
Alangka-Suka International Limited
(Diperbadankan di
British Virgin Islands)
Pegangan pelaburan
99.63%
99.63%
Grand Hotel Sudan Limited
(Diperbadankan di
British Virgin Islands)
Pemilik pegangan pajakan
Grand Holiday Villa, Khartoum
99.63%
–
Mengendalikan Pavilion
Holiday Villa, London
99.63%
99.63%
Asbina Shenzhen Limited
(Diperbadankan di
British Virgin Islands)
Tidak aktif
89.67%
89.67%
*Grand Holiday Villa Khartoum
Co. Ltd.
(Diperbadankan di
Republik Sudan)
Mengendalikan Grand Holiday
Villa, Khartoum
99.63%
99.63%
*Interwell International Limited
(Diperbadankan di
British Virgin Islands)
Memiliki Pavilion Holiday Villa,
London
99.63%
99.63%
Mengendalikan Monorom
Holiday Villa, Phnom Penh
76.32%
99.63%
Subsidiari Holiday Villas
International Limited
*Holiday Villa (UK) Ltd
(Diperbadankan di
England dan Wales)
Subsidiari-subsidiari AlangkaSuka International Limited
Subsidiari Asbina Hotel &
Property Sdn. Bhd.
*Asbina Hotel & Property
(Cambodia) Pte. Ltd.
(Diperbadankan di
Kingdom of Cambodia)
64
Laporan Tahunan 1999 Annual Report
Nota-nota Kepada Akaun 31 Disember 1999
Nama Syarikat
Kegiatan Utama
Kepentingan Efektif
31.12.1999
31.12.1998
Subsidiari Interwell
International Limited
*Interwell Management Limited
(Diperbadankan di
England dan Wales)
Tidak aktif
99.63%
99.63%
Syarikat-syarikat bersekutu
Syarikat
*ACE Synergy Insurance Berhad
(Dahulu dikenali sebagai
Perdana CIGNA Insurance
Berhad)
Penaja jaminan insurans am
49%
49%
Diversified Gain Sdn. Bhd.
Pegangan pelaburan
50%
50%
Agen pelancongan dan
pengurup wang berlesen
50%
50%
Inter-Pacific Leisure Sdn. Bhd.
Agen pelancongan
50%
50%
Inter-Pacific Travel & Tours
(Penang) Sdn. Bhd.
Tidak aktif
50%
50%
Inter-Pacific Travel & Tours
(Sabah) Sdn. Bhd.
Tidak aktif
50%
50%
Columbus Travel & Tours Sdn. Bhd.
Agen pelancongan
50%
50%
Motorsports Adventure Sdn. Bhd.
Menjalankan aktiviti kembara
bermotor dan acara yang
berkaitan dengannya
50%
50%
Marketing and Event Management
Integrated Sdn. Bhd.
Penganjur, perancang dan
pengurusan acara; dan
pembentukan strategi
pemasaran dan pengiklanan
50%
50%
Subsidiari Diversified Gain
Sdn. Bhd.
Inter-Pacific Travel & Tours
Sdn. Bhd.
Subsidiari-subsidiari Inter-Pacific
Travel & Tours Sdn. Bhd.
*Syarikat-syarikat yang tidak diaudit oleh BDO Binder.
44.
PERISTIWA PENTING SEMASA TAHUN KEWANGAN
Kumpulan
(i)
Pada 2 Februari 1999, sebuah syarikat subsidiari, United Merchant Group Berhad (“UMG”) telah
mengemukakan permohonan kepada Jawatankuasa Penyusunan Semula Hutang Korporat
(“CDRC”) bagi mendapatkan bantuan menyusun semula pinjaman UMG yang sedia ada.
65
ADVANCE SYNERGY BERHAD
Nota-nota Kepada Akaun 31 Disember 1999
44.
PERISTIWA PENTING SEMASA TAHUN KEWANGAN (Sambungan)
(ii)
Pada 19 Februari 1999, sebuah syarikat subsidiari milik UMG sepenuhnya, United Merchant Finance
Berhad (“UMF”) telah membayar balik RM450 juta daripada RM800 juta Pinjaman Modal Subordinat
Boleh Ubah (“ESCL”) yang diberikan oleh Danamodal Nasional Berhad (“Danamodal”). Selepas
itu, pada 31 Mac 1999, UMF telah membayar RM33 juta lagi, menjadikan baki ESCL yang tertunggak
berjumlah RM317 juta.
(iii)
Pada 31 Mac 1999, UMF telah memeterai Perjanjian Langganan dengan Danamodal berhubung
dengan cadangan langganan oleh Danamodal ke atas 317 juta Saham Keutamaan Boleh Tukar
Tidak Terkumpul Tidak Boleh Tebus (“INCPS”) berharga RM1.00 sesaham di dalam UMF, yang
akan diimbangi dengan baki RM317 juta ESCL.
Dengan mengambil kira cadangan penggabungan UMF dengan Southern Bank Berhad (“SBB”)
dan berikutan pembayaran semula ESCL yang tertunggak berjumlah RM317 juta oleh UMF kepada
Danamodal pada 16 Ogos 1999, UMG, UMF dan Danamodal telah bersetuju sebulat suara untuk
membatalkan perjanjian-perjanjian berikut yang telah ditandatangani iaitu :
(iv)
(a)
Perjanjian Pemegang Saham;
(b)
Perjanjian Opsyen Panggilan UMG;
(c)
Perjanjian Opsyen Panggilan;
(d)
Perjanjian Opsyen Letak dan Pertukaran; dan
(e)
Perjanjian Langganan.
Pada 8 Julai 1999, Bank Negara Malaysia (“BNM”) telah memberikan kelulusan kepada UMG untuk
memulakan perbincangan dengan SBB berkenaan cadangan pelupusan kesemua 43.53%
kepentingan ekuitinya dalam Ban Hin Lee Bank Berhad (“BHLB”) yang berjumlah 74,524,000 saham
biasa untuk satu pertimbangan tunai bernilai RM372,620,000 (“Cadangan Pelupusan BHLB”). Pada
5 Ogos 1999, UMG telah memeterai satu Perjanjian Jual Beli dengan SBB bersangkutan Cadangan
Pelupusan BHLB.
Pada 11 Oktober 1999, Perjanjian Jual Beli tersebut menjadi tidak bersyarat dan pertimbangan
jualan tersebut telah dibayar sepenuhnya kepada UMG pada 19 Oktober 1999.
(v)
Susulan dari selesainya penjualan BHLB kepada SBB, UMG telah menggunakan sebahagian besar
daripada perolehan jualan tersebut untuk membayar semua pinjaman-pinjaman bank mereka. Lantas,
Skim Penyusunan Semula Korporat UMG yang dikemukakan terdahulu kepada CDRC pada 2 Februari
1999 telah ditarik balik.
(vi)
Pada 3 Ogos 1999, BNM telah memberi kelulusan kepada UMG memulakan perbincangan dengan
SBB bagi cadangan penggabungan subsidiari-subsidiari perbankannya, UMF, Perdana Merchant
Bankers Berhad (“PMBB”) dan Perdana Finance Berhad (“PFB”) dengan Kumpulan SBB.
Pada 13 Ogos 1999, UMF, PMBB dan PFB telah memeterai memorandum persefahaman dengan
SBB masing-masing untuk berbincang tentang terma-terma dan syarat-syarat bagi menetapkan
perjanjian penggabungan masing-masing.
(vii)
Pada 9 September 1999, Pengurusan Danaharta Nasional Berhad melantik Pentadbir-Pentadbir
Khas (“SA”) bagi menguruskan aset dan hal ehwal Advance Synergy Furniture Sdn. Bhd. (“ASF”),
sebuah syarikat subsidiari milik penuh Syarikat. SA akan menyediakan dan mengemukakan satu
cadangan kepada Pengurusan Danaharta Nasional Berhad bagi terus mengekalkan ASF. Sebagai
langkah mengekalkan aset ASF sehingga SA menyempurnakan tugas mereka, satu moratorium 12
bulan ke atas mana-mana tindakan undang-undang diambil oleh pemiutang-pemiutang dikuat
kuasa serta-merta, dengan perlantikan SA.
Syarikat
(viii) Pada 8 Januari 1999, Syarikat telah mengemukakan permohonan kepada CDRC untuk bantuan dalam
penyusunan semula pinjaman-pinjaman bank Syarikat dan juga pinjaman-pinjaman bank subsidiarisubsidiari Syarikat yang tertentu.
(ix)
66
Pada 20 April 1999, Syarikat telah menerima kelulusan daripada BNM untuk memulakan rundingan
berkaitan cadangan yang melibatkan kepentingan ekuiti Syarikat sebanyak 50.75% dalam UMG.
Berikutan itu, Syarikat telah menghentikan rundingan berhubung perkara ini.
Laporan Tahunan 1999 Annual Report
Nota-nota Kepada Akaun 31 Disember 1999
44.
PERISTIWA PENTING SEMASA TAHUN KEWANGAN (Sambungan)
(x)
Pada 27 April 1999, Syarikat telah memeterai satu Perjanjian Jual Beli dengan Inisiatif Ikhlas Sdn.
Bhd. (“IISB”) untuk menjual keseluruhan kepentingan ekuitinya yang merangkumi 70% modal
berbayar Plastic Centre Sdn. Berhad (“PCSB”) untuk satu pertimbangan tunai sebanyak RM28.0
juta (“Cadangan Penjualan PCSB”). Sejajar dengan Cadangan Penjualan PCSB, Syarikat akan
memperoleh pegangan ekuiti dalam dua buah subsidiari PCSB, iaitu PC Ventures Sdn. Bhd., 49%
(“Cadangan Pemerolehan PCV”) dan Calmford Incorporated, 100% untuk pertimbangan tunai
masing-masing sebanyak RM14,002,584 dan RM1.00.
Timbang rasa tunai bagi Cadangan Penjualan PCSB akan sebahagiannya dipenuhi oleh IISB,
dengan pengambilalihan hutang Syarikat kepada PCSB berjumlah RM22.96 juta yang merangkumi
timbang rasa bagi Cadangan Pemerolehan PCV bernilai RM14,002,584 dan penjelasan
pendahuluan antara syarikat yang tertunggak kepada PCSB bernilai sekitar RM8.96 juta. Baki timbang
rasa tunai ini akan dijelaskan oleh IISB kepada Syarikat.
(xi)
Pada 1 Oktober 1999, Syarikat telah memeterai satu Perjanjian Penyusunan Semula dengan
beberapa institusi kewangan (“Peminjam-Peminjam”) untuk menyusun semula pinjaman-pinjaman
bank Syarikat dan pinjaman-pinjaman bank subsidiari-subsidiari Syarikat tertentu dengan
menerbitkan pinjaman stok boleh tebus dan pinjaman stok boleh ubah, kedua-duanya dengan
waran yang boleh diceraikan (“Cadangan Penyusunan Semula Pinjaman Bank”). Satu cadangan
tawaran terhad yang boleh dilepaskan untuk penjualan waran yang boleh diceraikan oleh PeminjamPeminjam kepada pemegang-pemegang stok Syarikat (“Cadangan ROS”) akan dijalankan selepas
Cadangan Penyusunan Semula Pinjaman Bank. Kelulusan dari BNM, Suruhanjaya Sekuriti dan
Jawatankuasa Pelaburan Asing telah pun didapati untuk Cadangan Penyusunan Semula Pinjaman
Bank dan Cadangan ROS.
Cadangan Penyusunan Semula Pinjaman Bank dan Cadangan ROS menunggu kelulusan
pemegang-pemegang stok Syarikat.
45.
PERISTIWA PENTING BERIKUTAN TARIKH KUNCI KIRA-KIRA
Kumpulan
(i)
Pada 6 Januari 2000, UMG telah memeterai satu Perjanjian Penjualan Saham dengan SBB untuk
melupuskan kesemua kepentingan ekuitinya yang mewakili 100% modal berbayar UMF yang
merangkumi 229,000,000 saham biasa, RM1.00 setiap satu, untuk bayaran tunai “provisional”
sebanyak RM319,414,800 tertakluk kepada pertimbangan akhir yang akan didasarkan pada
“Pembayaran Sebenar”, seperti yang ditakrifkan dalam Perjanjian Penjualan Saham.
(ii)
Pada 2 Februari 2000, PMBB telah mendapat kelulusan BNM untuk membayar semula ESCL yang
bernilai RM50 juta, yang diberikan oleh Danamodal dengan cara mendapatkan RM15 juta Pinjaman
Subordinat Tidak Bercagar (“USL”) daripada UMG. USL tersebut layak sebagai Modal Tahap II bagi
tujuan menentukan nisbah kecukupan modal PMBB. Berikut itu, pada 3 Februari 2000, PMBB telah
membayar sepenuh ESCL mereka kepada Danamodal.
67
ADVANCE SYNERGY BERHAD
Nota-nota Kepada Akaun 31 Disember 1999
46.
NOTA-NOTA KEPADA PENYATA ALIRAN TUNAI DISATUKAN
A.
Pelupusan sebuah syarikat subsidiari
Nilai munasabah bagi aset bersih yang dijual adalah seperti berikut :1999
RM’000
1998
RM’000
Aset tetap
Harta hotel
Aset semasa
Liabiliti
Pelarasan pertukaran mata wang asing
Kepentingan minoriti
–
–
–
–
–
–
52,699
245,614
13,749
(111,862)
(7,331)
(15,982)
Tolak: Rizab hasil daripada penyatuan
–
–
176,887
(23,706)
Tambah: Laba daripada pelupusan syarikat subsidiari
–
–
153,181
12,386
Tunai dan kesetaraan tunai bersih selepas pelupusan
–
165,567
B.
Sepanjang tahun kewangan, Kumpulan telah memperoleh aset tetap dengan kos agregat bernilai
RM20,127,000 yang mana RM926,000 telah diperoleh melalui sewa beli. Selebihnya pula dibayar
dengan tunai berjumlah RM19,201,000.
C.
Perolehan subsidiari-subsidiari dan penggabungan subsidiari-subsidiari yang tidak disatukan
adalah seperti berikut :1999
RM’000
D.
68
1998
RM’000
Aset bersih yang diperoleh
Muhibah bersih daripada pemerolehan subsidiari-subsidiari
–
–
5,841
124
Pertimbangan pembelian tunai
Tolak: Tunai dan kesetaraan tunai yang diperoleh
–
–
5,965
(11,439)
Tunai dan kesetaraan tunai bersih yang diperoleh
–
(5,474)
Tunai dan kesetaraan tunai yang dimasukkan dalam Penyata Aliran Tunai Disatukan pada akhir
tahun kewangan merangkumi yang berikut :1999
RM’000
1998
RM’000
Tunai dan dana jangka pendek
Overdraf bank
646,690
(20,366)
587,718
(100,820)
Tunai dan kesetaraan tunai seperti yang dilaporkan sebelum ini
Kesan perubahan kadar pertukaran mata wang
626,324
–000
486,898
6,471
626,324
493,369
Laporan Tahunan 1999 Annual Report
Kenyataan Para Pengarah
Pada pendapat para pengarah, akaun yang dibentangkan di muka surat 26 hingga 68 telah pun dibuat
menurut piawai perakaunan yang diluluskan serta berkenaan, supaya dapat memberikan pandangan yang
benar dan saksama bagi :(i)
kedudukan Kumpulan dan Syarikat pada 31 Disember 1999 dan hasil operasi mereka bagi tahun
kewangan yang baru berakhir; dan
(ii)
aliran tunai Kumpulan bagi tahun kewangan yang berakhir 31 Disember 1999.
Bagi pihak Lembaga,
DATO’ AHMAD SEBI BAKAR
AZNAN BIN HAJI ISMAIL
)
)
)
PENGARAH
Kuala Lumpur
25 April 2000
Akuan Berkanun
SNG NGIAP KOON
Saya, ..........................................................,
sebagai pegawai utama yang bertanggungjawab terhadap pengurusan
kewangan ADVANCE SYNERGY BERHAD, dengan sesungguh dan ikhlas mengisytiharkan bahawa akaun
yang dibentangkan di muka surat 26 hingga 68 adalah betul, sejauh kepercayaan dan pengetahuan saya.
Saya membuat perisytiharan ini dengan mempercayai ianya adalah benar dan menurut peruntukan Akta
Perisytiharan Berkanun, 1960.
Ditandatangani dan diisytiharkan
dengan sesungguhnya oleh
penama di atas di Kuala Lumpur
pada 25 April 2000
)
)
)
)
SNG NGIAP KOON
Di hadapan saya :TUAN HAJI ALI BIN ISA A.M.N.
No. W 063
PESURUHJAYA SUMPAH
Malaysia
69
ADVANCE SYNERGY BERHAD
Laporan Juruaudit kepada Ahli-ahli Advance Synergy Berhad
Kami telah mengaudit akaun-akaun yang disenaraikan di muka surat 26 hingga 68. Penyediaan akaun-akaun
ini adalah merupakan tanggungjawab para pengarah. Tanggungjawab kami ialah untuk mengemukakan
pendapat kami terhadap akaun-akaun berdasarkan audit yang kami jalankan.
Kami telah menjalankan audit berdasakan piawaian-piawaian audit yang diluluskan. Piawaian-piawaian
tersebut memerlukan kami merancang dan melaksanakan audit bagi memperolehi jaminan munasabah
bahawa akaun-akaun yang dibentang adalah bebas daripada kesilapan salah nyata yang ketara. Audit adalah
merangkumi pemeriksaan berasaskan ujian, bukti-bukti yang menyokong jumlah dan maklumat yang diberikan
di dalam akaun. Audit juga merangkumi penilaian terhadap prinsip-prinsip perakaunan dan anggaran penting
yang dibuat oleh para pengarah, termasuk juga penilaian peragaan akaun-akaun scara keseluruhan. Kami
percaya, audit yang kami jalankan menyediakan asas yang munasabah terhadap pendapat kami.
Pada pendapat kami :
(a)
akaun-akaun berkenaan telah dipersembahkan menurut piawaian-piawaian perakaunan yang diluluskan
serta yang berkenaan dan Akta Syarikat, 1965 untuk memberikan gambaran yang benar dan saksama
tentang kedudukan dan keputusan Kumpulan dan Syarikat pada 31 Disember 1999 serta aliran tunai
Kumpulan bagi tahun kewangan yang berakhir pada tarikh yang sama; dan
(b)
rekod-rekod perakaunan dan rekod-rekod lain serta daftar-daftar yang dikehendaki oleh Akta untuk
disimpan oleh Syarikat dan subsiadiari-subsidiari yang diaudit oleh kami, telah disimpan dengan
sempurna menurut peruntukan Akta tersebut.
Kami telah mempertimbangkan akaun-akaun dan laporan juruaudit subsiadiari-subsidiari yang kami tidak
bertindak sebagai Juruaudit, seperti yang dinyatakan dalam Nota 43 kepada Akaun, yang merupakan akaunakaun yang telah disatukan di dalam akaun yang disatukan.
Kami berpuas hati bahawa akaun subsiadiari-subsidiari yang telah disatukan dengan akaun Syarikat adalah
dalam bentuk dan kandungan yang sesuai dan wajar untuk tujuan penyediaan akaun yang disatukan, dan
kami telah menerima maklumat dan keterangan yang memuaskan sebagaimana yang kami perlukan untuk
tujuan tersebut.
Laporan juruaudit ke atas akaun subsiadiari-subsidiari adalah tidak tertakluk kepada sebarang syarat atau
teguran yang dibuat di bawah seksyen kecil (3) Seksyen 174 Akta tersebut.
BDO BINDER
AF : 0206
Akauntan Awam
Siew Kah Toong
1045/3/02 (J)
Rakan dalam firma
Kuala Lumpur
25 April 2000
70
Laporan Tahunan 1999 Annual Report
Financial
Statements
71
ADVANCE SYNERGY BERHAD
Directors’ Report
The directors hereby submit their report together with the audited accounts of the Group and the Company for
the financial year ended 31 December 1999.
PRINCIPAL ACTIVITIES
The principal activities of the Company are that of investment holding and providing full corporate and financial
support to its subsidiary companies. The principal activities of the subsidiary companies are shown in Note 43
to the Accounts. There have been no significant changes in the nature of these activities during the financial year.
RESULTS
Group
Company
RM’000
RM’000
(64,712)
6,690
(17,211)
–00
Loss after minority interests
Accumulated losses brought forward
(58,022)
(222,218)
(17,211)
(123,025)
Transfer to statutory reserve
(280,240)
(23,482)
(140,236)
–00
Accumulated losses carried forward
(303,722)
(140,236)
Loss after taxation
Minority interests
DIVIDENDS
No dividend has been paid or declared by the Company since the end of the previous financial year. The
directors do not recommend any dividend payment in respect of the financial year ended 31 December 1999.
ISSUE OF SHARES AND DEBENTURES
The Company has not issued any shares or debentures during the financial year.
RESERVES AND PROVISIONS
All material transfers to or from reserves or provisions during the financial year ended 31 December 1999 have
been disclosed in the Notes to the Accounts.
72
Laporan Tahunan 1999 Annual Report
Directors’ Report
DIRECTORS
The directors who held office since the date of the last report are :Dato’ Ahmad Sebi Bakar
Aznan Bin Haji Ismail
Dato’ Nik Ibrahim Kamil Bin Tan Sri Nik Ahmad Kamil
Wong Ah Nam @ Wong Joon Tuang
Masri Khaw Binti Abdullah
Sng Chong Khian
In accordance with Article 96 of the Company’s Articles of Association, Masri Khaw Binti Abdullah and Sng
Chong Khian retire from the Board by rotation at the forthcoming Annual General Meeting and, being eligible,
offer themselves for re-election.
DIRECTORS’ INTERESTS
According to the Register of Directors’ Stockholdings kept by the Company under Section 134 of the Companies
Act, 1965, the following directors holding office at the end of the financial year had beneficial interests in the
stock units of the Company and shares of related corporations during the financial year ended 31 December
1999 :– Number of stock units/ordinary shares of RM1.00 each –
Balance
Balance
as at
as at
1.1.1999
Bought
Sold
31.12.1999
Direct Interest
Interest of :Dato’ Ahmad Sebi Bakar in :- Advance Synergy Berhad
Puan Masri Khaw Binti Abdullah in :- Advance Synergy Berhad
- Alangka-Suka Hotels & Resorts
Berhad
13,937,009
913,000
–
14,850,009
6,000
–
–
6,000
308,000
–
–
308,000
27,451,109
–
–
27,451,109
700,000
–
–
700,000
3,781,003
1,650,000
–
–
–
–
3,781,003
1,650,000
Indirect Interest
Interest of :Dato’ Ahmad Sebi Bakar in :- Advance Synergy Berhad
Puan Masri Khaw Binti Abdullah in :- Advance Synergy Berhad
Mr. Sng Chong Khian in :- Advance Synergy Berhad
- Plastic Centre Sdn. Berhad
No other directors holding office at the end of the financial year had any beneficial interests in the stock units of
the Company and shares of related corporations during the financial year ended 31 December 1999.
73
ADVANCE SYNERGY BERHAD
Directors’ Report
DIRECTORS’ BENEFITS
Since the end of the previous financial year, none of the directors of the Company has received or become
entitled to receive a benefit, other than the benefits as disclosed in Note 5 to the Accounts, by reason of a contract
made by the Company or a related corporation with a director, or with a firm of which a director is a member, or
with a company in which a director has a substantial financial interest.
There were no arrangements during and at the end of the financial year, to which the Company is a party, with the
object of enabling directors of the Company to acquire benefits by means of the acquisition of shares in or
debentures of the Company or any other body corporate.
OTHER STATUTORY INFORMATION REGARDING THE GROUP AND THE COMPANY :(I)
AS AT THE END OF THE FINANCIAL YEAR
(a)
(b)
(II)
(i)
to ascertain that proper action had been taken in relation to the writing off of bad debts and the
making of provision for doubtful debts and have satisfied themselves that all known bad debts
had been written off and adequate provision had been made for doubtful debts; and
(ii)
to ensure that any current assets which were unlikely to realise their book values in the
ordinary course of business had been written down to their estimated realisable values.
In the opinion of the directors, the results of the operations of the Group and the Company during the
financial year have not been substantially affected by any item, transaction or event of a material and
unusual nature except as disclosed in the Accounts.
FROM THE END OF THE FINANCIAL YEAR TO THE DATE OF THIS REPORT
(c)
(d)
74
Before the profit and loss accounts and balance sheets of the Group and the Company were made out, the
directors took reasonable steps :-
The directors are not aware of any circumstances :(i)
which would render the amount written off for bad debts or the amount of the provision for
doubtful debts in the accounts of the Group and the Company inadequate to any material
extent; or
(ii)
which would render the values attributed to current assets in the accounts of the Group and the
Company misleading; or
(iii)
which have arisen which would render adherence to the existing methods of valuation of
assets or liabilities of the Group and the Company misleading or inappropriate.
In the opinion of the directors :(i)
there has not arisen in the interval between the end of the financial year and the date of this
report any item, transaction or event of a material and unusual nature likely to affect substantially
the results of the operations of the Group and the Company for the financial year in which this
report is made except as disclosed in the Accounts; and
(ii)
no contingent or other liability has become enforceable, or is likely to become enforceable,
within the period of twelve months after the end of the financial year which will or may substantially
affect the abilities of the Group and the Company to meet their obligations as and when they
fall due.
Laporan Tahunan 1999 Annual Report
Directors’ Report
(III)
AS AT THE DATE OF THIS REPORT
(e)
There are no charges on the assets of the Group and the Company which have arisen since the end
of the financial year to secure the liabilities of any other person.
(f)
There are no contingent liabilities of the Group and the Company which have arisen since the end of
the financial year.
(g)
The directors are not aware of any circumstances not otherwise dealt with in the report or accounts
which would render any amount stated in the accounts misleading.
AUDITORS
The retiring auditors, Messrs. BDO Binder, have expressed their willingness to continue in office.
Signed on behalf of the Board in accordance with a resolution of the directors.
................................................................
DATO’ AHMAD SEBI BAKAR
Director
................................................................
AZNAN BIN HAJI ISMAIL
Director
Kuala Lumpur
25 April 2000
75
ADVANCE SYNERGY BERHAD
Profit And Loss Accounts
For The Financial Year Ended 31 December 1999
Group
Company
1999
1998
RM’000
RM’000
NOTE
1999
RM’000
1998
RM’000
TURNOVER
4
698,280
899,814
3,181
5,611
COST OF SALES
4
451,868
784,305
–000
–000
Operating profit/(loss)
Share of profits of
associated companies
5
32,027
(142,049)
32,306
32,185
(17,211)
–000
(42,323)
–000
Profit/(Loss) before
exceptional items
Exceptional items
6
64,333
(128,037)
(109,864)
(312,848)
(17,211)
–000
(42,323)
(113,412)
Loss before taxation
Taxation
7
(63,704)
(1,008)
(422,712)
(13,545)
(17,211)
–000
(155,735)
(37)
(64,712)
6,690
(436,257)
159,942
(17,211)
–000
(155,772)
–000
(58,022)
(276,315)
(17,211)
(155,772)
(222,218)
54,097
(123,025)
32,747
(280,240)
(23,482)
(222,218)
–000
(140,236)
–000
(123,025)
–000
(303,722)
(222,218)
(140,236)
(123,025)
Loss after taxation
Minority interests
(Accumulated losses)/
Retained profits brought
forward
Transfer to statutory reserve
31.1
Accumulated losses
carried forward
Loss per stock unit (sen)
8
The attached notes form an integral part of the Accounts.
76
17.18
81.80
Laporan Tahunan 1999 Annual Report
Balance Sheets
As At 31 December 1999
Group
NOTE
1999
RM’000
1998
RM’000
Company
1999
1998
RM’000
RM’000
ASSETS EMPLOYED
FIXED ASSETS
9
419,114
434,027
304
469
INTEREST IN SUBSIDIARY
COMPANIES
10
– 000
– 000
804,362
807,432
INTEREST IN
UNCONSOLIDATED
SUBSIDIARY COMPANIES
11
48,558
48,936
48,558
48,559
INTEREST IN ASSOCIATED
COMPANIES
12
82,214
574,998
19,777
31,946
LAND HELD FOR
DEVELOPMENT
13
13,717
13,687
– 00
– 00
INVESTMENT SECURITIES
14
1,142,855
1,124,294
4,458
1,635
GOODWILL ON
CONSOLIDATION
15
209,940
209,904
– 00
– 00
PURCHASED GOODWILL
16
1,806
1,776
– 00
– 00
EXPENDITURE CARRIED
FORWARD
17
25,756
28,754
– 00
– 00
18
19
20
33,454
40,921
215,788
44,498
37,720
405,801
– 00
– 00
25,475
– 00
– 00
14,355
21
22
23
221,122
4,508,596
2,155
185,033
4,296,370
63,501
– 00
– 00
– 00
– 00
– 00
– 00
24
25
88,363
646,690
193,703
587,718
3,800
170
688
7
5,757,089
5,814,344
29,445
15,050
CURRENT ASSETS
Development properties
and expenditure
Stocks
Debtors
Statutory deposits with
Bank Negara Malaysia
Loans, advances and financing
Dealing securities
Deposits with financial
institutions
Cash and short term funds
The attached notes form an integral part of the Accounts.
77
ADVANCE SYNERGY BERHAD
Balance Sheets
As At 31 December 1999
Group
NOTE
1999
RM’000
1998
RM’000
Company
1999
1998
RM’000
RM’000
LESS: CURRENT LIABILITIES
Creditors
Short term borrowings
Securities sold under
repurchase agreements
Deposits and placements
of banks and other
financial institutions
Deposits from customers
Taxation
26
27
28
29
NET CURRENT LIABILITIES
253,371
150,749
315,465
1,129,099
48,338
– 00
34,899
222,931
– 00
63,149
– 00
– 00
959,738
5,044,689
22,670
1,009,576
4,314,099
16,677
– 00
– 00
– 00
– 00
– 00
– 00
6,431,217
6,848,065
48,338
257,830
(1,033,721)
(18,893)
(242,780)
(674,128)
1,269,832
1,402,655
858,566
647,261
FINANCED BY
SHARE CAPITAL
30
337,794
337,794
337,794
337,794
RESERVES
31
181,112
240,865
292,256
309,467
STOCKHOLDERS’ FUNDS
518,906
578,659
630,050
647,261
MINORITY INTERESTS
314,101
324,035
– 00
– 00
SUBORDINATED
CERTIFICATES OF
DEPOSIT
32
50,000
50,000
– 00
– 00
EXCHANGEABLE
SUBORDINATED
CAPITAL LOANS
33
– 00
317,000
– 00
– 00
LONG TERM BORROWINGS
34
244,180
– 00
228,516
– 00
TERM LOANS
35
131,726
119,887
– 00
– 00
42
1,007
– 00
– 00
DEFERRED INCOME
HIRE PURCHASE
CREDITORS
26
9,423
10,547
– 00
– 00
DEFERRED TAXATION
36
1,454
1,520
– 00
– 00
1,269,832
1,402,655
858,566
647,261
The attached notes form an integral part of the Accounts.
78
Laporan Tahunan 1999 Annual Report
Consolidated Cash Flow Statement
For The Financial Year Ended 31 December 1999
NOTE
1999
RM’000
1998
RM’000
CASH FLOWS FROM OPERATING ACTIVITIES
Loss before taxation
(63,704)
(422,712)
Adjustments for:Exchange translation adjustment
Amortisation of expenditure carried forward
(Accretion)/Amortisation of net goodwill on consolidation
Amortisation of purchased goodwill
Bad debts written off
Depreciation of fixed assets
Expenditure carried forward written off
Fixed assets written off
Goodwill written off
Interest expenses
Loss on disposal of associated company
Loss on disposal of fixed assets
Provision for credit loss
Provision for doubtful debts
Provision for diminution in value of investments
Bad debts and financing recovered
Interest income
Gain on disposal of option
Share of profits of associated companies
6,516
5,380
(48)
99
1,462
23,902
6
74
12
97,978
117,085
5,274
2,915
2,281
–00
(15,138)
(1,113)
(10,072)
(32,306)
(13,493)
3,251
3,285
110
5,212
24,271
7,609
16,448
80,434
123,309
–00
20
5,786
191,339
41,075
(4,619)
(1,012)
–00
(32,185)
Operating profit before working capital changes
140,603
28,128
11,044
(3,201)
199,983
(36,089)
(212,226)
61,346
105,340
(95,341)
(63,149)
(4,128)
(542)
206
(375,841)
723,321
902,739
(20,994)
71,588
20,910
(704,879)
(963)
Decrease/(Increase) in development properties and expenditure
(Increase)/Decrease in stocks
Decrease/(Increase) in debtors
(Increase)/Decrease in statutory deposits with BNM
(Increase)/Decrease in loans, advances and financing
Decrease/(Increase) in dealing securities
Decrease in deposits with financial institutions
(Decrease)/Increase in creditors
Decrease in securities sold under repurchase agreements
Decrease in hire purchase creditors
(Increase)/Decrease in amount due from unconsolidated
subsidiary companies
Decrease in deposits and placements of banks and
other financial institutions
Increase in deposits from customers
(Increase)/Decrease in amount due from associated company
Increase in expenditure carried forward
Cash generated from/(used in) operations
Taxation refunded/(paid)
Net cash generated from/(used in) operating activities
(1,668)
(49,838)
730,590
(286)
(1,035)
13,309
(1,876,178)
302,406
352
(7,466)
781,945
(923,904)
2,482
(20,393)
784,427
(944,297)
The attached notes form an integral part of the Accounts.
79
ADVANCE SYNERGY BERHAD
Consolidated Cash Flow Statement
For The Financial Year Ended 31 December 1999
NOTE
1999
RM’000
1998
RM’000
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from disposal of an associated company
Proceeds from disposal of option
Goodwill arising from purchase of a business
in a subsidiary company
Proceeds from shares issued to minority interests
Disposal of a subsidiary company
Increase in land held for development
Dividend received from associated companies
Interest received
Proceeds from disposal of fixed assets
Purchase of investment in associated companies
Purchase of fixed assets
Net proceeds from (purchase)/disposal of
investment securities
Acquisition of subsidiary companies and incorporation
of unconsolidated subsidiary companies
400,522
10,072
46A
46B
46C
Net cash generated from investing activities
–00
–00
–00
–00
–00
(30)
251
1,113
2,967
–00
(19,201)
(1,886)
500
165,567
(28)
5,319
1,012
536
(136)
(62,072)
(18,561)
300,341
–00
5,474
377,133
414,627
CASH FLOWS FROM FINANCING ACTIVITIES
Net proceeds from/(repayment of) short term borrowings
(Repayment of)/proceeds from exchangeable
subordinated capital loans
Interest paid
Net (repayment of)/proceeds from term loans
Net cash (used in)/generated from financing activities
39,563
(66,244)
(800,000)
(57,428)
(204,269)
850,000
(123,309)
(13,025)
(1,022,134)
647,422
NET INCREASE IN CASH AND CASH EQUIVALENTS
139,426
117,752
CASH AND CASH EQUIVALENTS AT BEGINNING OF
FINANCIAL YEAR
486,898
375,617
626,324
493,369
CASH AND CASH EQUIVALENTS AT END OF
FINANCIAL YEAR
The attached notes form an integral part of the Accounts.
80
46D
Laporan Tahunan 1999 Annual Report
Notes To The Accounts 31 December 1999
1.
PRINCIPAL ACTIVITIES
The principal activities of the Company are that of investment holding and providing full corporate and
financial support to its subsidiary companies. The principal activities of the subsidiary companies are
shown in Note 43 to the Accounts. There have been no significant changes in the nature of these activities
during the financial year.
2.
BASIS OF PREPARATION OF THE ACCOUNTS
The accounts of the Group and the Company have been prepared in accordance with the applicable
approved accounting standards, Bank Negara Malaysia Guidelines and the provisions of the Companies
Act, 1965. The accounts also incorporate those activities relating to Islamic Banking Scheme (“IBS”) which
have been undertaken by the Group. IBS refers generally to the acceptance of deposits and financing
under the Syariah principles.
3.
SIGNIFICANT ACCOUNTING POLICIES
3.1
Basis of Accounting
The accounts of the Group and the Company have been prepared under the historical cost convention
modified by the valuation of certain freehold land and buildings.
3.2
Basis of Consolidation
The consolidated accounts incorporate the accounts of the Company and its subsidiary companies
made up to the end of the financial year, except for those subsidiary companies as shown in Note 11
to the Accounts. The Group adopts both acquisition and merger methods of consolidation, as
appropriate.
Significant inter-company balances and transactions are eliminated on consolidation and the
consolidated accounts reflect external transactions only.
When the acquisition method is adopted, the difference between the purchase consideration and
the fair value of the underlying net assets acquired is reflected in the accounts either as goodwill or
reserve on consolidation, as appropriate. Except for the licensed financial subsidiaries, goodwill
net of reserve on consolidation arising from other subsidiary companies is amortised over 20 years
or over the expected useful life, whichever is shorter. Goodwill on consolidation is written off where
there is a permanent diminution in value.
Acquisition of subsidiary companies which meet the criteria for merger accounting under the
Malaysian Accounting Standard 2, Accounting for Acquisitions and Mergers, are accounted for using
merger accounting principles. When the merger method is used, the cost of investment is recorded
at the nominal value of shares issued and the difference between the carrying value of the investment
and the nominal value of shares transferred is treated as merger reserves/deficits in accordance
with merger relief provisions under Section 60(4) of the Companies Act, 1965. The results of the
subsidiary companies being merged are accounted for on full year basis.
Except for United Merchant Finance Berhad which is consolidated under the merger method, all
other subsidiary companies are consolidated under the acquisition method.
3.3
Income Recognition
Interest and Financing Income
Interest and financing income in respect of licensed financial subsidiaries is recognised on an
accrual basis. Interest and financing income on hire purchase, block discounting and leasing
transactions are recognised on the sum-of-digits method. Interest and financing income on housing
and term loans are recognised by reference to monthly or daily rest periods.
81
ADVANCE SYNERGY BERHAD
Notes To The Accounts 31 December 1999
3.3
Income Recognition (continued)
Income from financing and advances under the Interest Free Banking Scheme are recognised on
the accrual basis in accordance with Bank Negara Malaysia’s “Guidelines on “Skim Perbankan
Tanpa Faedah” For Finance Companies (October 1996)”.
Where an account is classified as non-performing, recognition of interest and financing income is
suspended until it is realised on a cash basis in conformity with Bank Negara Malaysia’s “Guidelines
on the Classification of Non-Performing Loans and Provision for Substandard, Bad and Doubtful
Debts, BNM/GP3 (Revised)” as at 31 December 1999. Customers’ accounts are classified as nonperforming where repayments are in arrears for six months or more for hire purchase accounts,
block discounting, leasing, loans and advances and after maturity date for bankers’ acceptances.
Fee Income
Loan arrangement, management and participation fees, acceptance and underwriting commission
are recognised as income when all conditions precedent are fulfilled. Fees from advisory and
corporate finance activities are recognised as income on completion of each stage of the assignment.
Guarantee and commitment fees which are material are recognised as income based on time
apportionment.
Dividend Income
Dividends from investments in subsidiaries and associated companies are recognised on an
accrual basis, while dividends from other investments are recognised on receipt basis.
Development Properties and Contract Work in Progress
Profits from sale of development properties and contract work in progress are recognised on the
percentage of completion method. Foreseeable losses, if any, are recognised immediately in the
profit and loss account.
Contract Income
Profit from engineering contract works are recognised based on percentage of completion method.
Membership Fees
Membership fees in respect of vacation investment timesharing facilities are recognised on the
basis of 50% in the first year and the balance over the period of 30 years.
3.4
Hire Purchase Commission
Hire purchase commission is charged to the profit and loss account based on the sum-of-digits method.
3.5
Foreign Currency Translations
Transactions in foreign currencies are converted into Ringgit Malaysia at rates of exchange prevailing
at the transaction dates. Monetary assets and liabilities denominated in foreign currencies at the
balance sheet date are translated into Ringgit Malaysia at the approximate rates of exchange
prevailing at that date. Gains or losses arising from the current year’s transactions and translations
are dealt with in the profit and loss account.
For consolidation purpose, the assets and liabilities of overseas subsidiary companies are translated
at exchange rates ruling at the balance sheet date. Profit and loss items are translated at average
exchange rates for the year. All exchange differences arising are dealt with through the exchange
fluctuation reserve.
82
Laporan Tahunan 1999 Annual Report
Notes To The Accounts 31 December 1999
3.6
Provision for Bad and Doubtful Debts
Specific provisions are made for doubtful debts and financing which have been individually reviewed
and specifically identified as bad or doubtful.
In addition, for licensed financial subsidiaries, a general provision based on a percentage of the
loan and financing portfolio is also made to cover possible losses which are not specifically identified.
An uncollectible loan and financing or portion of a loan and financing classified as bad is written off
after taking into consideration the realisable value of collateral, if any, when in the judgement of the
management, there is no prospect of recovery.
The provision for bad and doubtful debts and financing provided by the licensed financial subsidiaries
is in conformity with the minimum requirements of Bank Negara Malaysia’s “Guidelines on the
Classification of Non-Performing Loans and Provision for Substandard, Bad and Doubtful Debts,
BNM/GP3 (Revised)” as at 31 December 1999.
3.7
Depreciation and Amortisation of Fixed Assets
3.7.1
Freehold land, hotel properties and construction work in progress are not depreciated.
All other fixed assets are stated at cost or valuation less accumulated depreciation and
depreciation is calculated using the straight line method so as to write off the carrying value
of the assets over their estimated useful lives.
The principal annual rates used for this purpose are as follows :Leasehold land and buildings
Buildings
Plant and machinery
Motor vehicles
Furniture, fittings and equipment
Renovation
Computer equipment and software
Over lease period of 25 to 95 years
0.5% – 5%
10% – 20%
15% – 20%
6% – 15%
10% – 20%
20%
Crockery, glassware, cutleries, linen and kitchen utensils are capitalised at the minimum
level required for normal operations. Replacements are written off in the year incurred.
3.7.2
Hotel Properties
Hotel properties are stated at cost or valuation. Additions subsequent to the date of valuation
are stated at cost. It is the Group’s policy to appraise the hotel properties once in every five
years by independent professional valuers based on open market values. Surpluses arising
thereto are credited to the revaluation surplus account. A deficit is set-off against the
revaluation surplus account only to the extent of the surplus credited from the previous
revaluation and the excess of the deficit is charged to the profit and loss account.
Hotel properties are not depreciated. It is the Group’s practice to maintain the properties in
such condition that the residual value is so high that the depreciation would be insignificant.
The related maintenance expenditure is dealt with in the profit and loss account.
3.8
Hire Purchase and Leasing Arrangements
Assets financed by hire purchase agreements and leasing arrangements which transfer substantially
all the risks and benefits of ownership of the assets to the Group are capitalised as fixed assets and
the corresponding obligations are treated as liabilities. The fixed assets capitalised are depreciated
on the same basis as that of the Group’s fixed assets. Finance charges are allocated to the profit
and loss account over the period of the agreements to give a constant periodic rate of charge on the
remaining hire purchase and lease liabilities.
Leases which do not meet the above criteria are treated as operating leases and the related rentals
are charged to the profit and loss account as and when incurred.
83
ADVANCE SYNERGY BERHAD
Notes To The Accounts 31 December 1999
3.9
Bills and Acceptances Payable
Bills and acceptances payable represents the licensed financial subsidiaries’ own bills and
acceptances rediscounted and outstanding in the market.
3.10 Investments
Investment in subsidiaries, associated companies and other long term investments are stated at
cost less provision for permanent diminution in value, if any.
Short term quoted investments are stated at the lower of cost and market value determined on a
portfolio basis.
3.11 Associated Companies
Associated companies are those companies in which the Company has long term equity interest of
between 20% and 50% and where the Company is in a position to exercise significant influence over
the financial and operating policies of the investee companies.
The Group equity accounts for its share of post-acquisition results and reserves of its associated
companies based on audited accounts.
3.12 Investment Securities
Investment securities are securities that are acquired and held for yield or capital growth or to meet
the minimum liquid assets requirement pursuant to Section 38 of the Banking and Financial
Institutions Act 1989, and are usually held to maturity.
Malaysian Government Securities, Malaysian Government Investment Certificates, Cagamas Bonds,
other Government Securities, and Bank Guaranteed Private Debt Securities held for investment are
stated at cost adjusted for amortisation of premium or accretion of discount to maturity date. Other
Private Debt Securities are valued at the lower of cost and market value. Other investment securities
are stated at cost and provision is made in the event of any permanent diminution in value.
Transfers, if any, between investment and dealing securities are made at the lower of carrying value
and market value.
Quoted equity securities are stated at the lower of cost and market value. Unquoted equity securities
and bonds held for investment are stated at cost and provision is made for permanent diminution in
value, if any.
3.13 Dealing Securities
Dealing securities are marketable securities that are acquired and held with the intention of resale
in the short term, and are stated at the lower of cost and market value.
Transfer, if any, between dealing and investment securities are made at the lower of cost and market
value.
3.14 Interest Capitalisation
Interest incurred on external borrowings to finance assets under construction is capitalised until the
assets are ready for their intended use after which such expense is charged to the profit and loss
account.
3.15 Deferred Taxation
Deferred taxation is provided under the liability method at the current taxation rate in respect of all
material timing differences except where there is reasonable evidence that these timing differences
will not reverse in the foreseeable future. Deferred taxation benefits are recognised only when there
is reasonable assurance of their realisation.
84
Laporan Tahunan 1999 Annual Report
Notes To The Accounts 31 December 1999
3.16 Expenditure Carried Forward
Expenses incurred in the formation of subsidiaries are classified as preliminary expenses whilst
expenses incurred before commencement of operations are classified as pre-operating expenses.
Expenditure incurred prior to the commencement of commercial production which will result in
future benefit are carried forward as pre-production expenditure.
Deferred expenditure consists of deferred advertising and acquisition expenditure in relation to the
procurement of charge card membership. Development expenditure represents the cost incurred in
the development of credit card which is planned to be launched at a future date.
Expenditure carried forward is generally written off over five to ten years from the date of
commencement of operations. In the case of the charge card and credit card business, deferred
advertising and acquisition expenditure are written off over a period of two years from date of
commencement of business.
3.17 Land Held for Development and Development Properties
Land held for development is stated at cost or valuation together with the related development
expenditure. It is reclassified as development property upon commencement of development work
on the said land. Development expenditure comprises construction and other related costs including
interest and administrative overheads relating to the projects. Interest cost on borrowings used to
finance the relevant projects are included as development expenditure from commencement to the
completion of development.
3.18 Repurchase Agreements
Securities purchased under resale agreements are securities which the licensed financial
subsidiaries have purchased with a commitment to resell at future dates. The commitment to resell
the securities is reflected as an asset on the balance sheet.
Conversely, obligations on securities sold under repurchase agreements are securities which the
licensed financial subsidiaries have sold from its portfolio with a commitment to repurchase at
future dates. Such financing transactions and the obligation to repurchase the securities are reflected
as a liability on the balance sheet.
3.19 Amounts Recoverable from Danaharta
The total consideration for loans sold to Pengurusan Danaharta Nasional Berhad (“Danaharta”) is
received in two portions; upon the sale of the loans (“initial consideration”) and upon the recovery of
the loans (“final consideration”). The final consideration amount represents the licensed financial
subsidiaries’ predetermined share of the surplus over the initial consideration upon recovery of the
loans.
The difference between the carrying value of the loans and the initial consideration is recognised as
“Amounts Recoverable from Danaharta” within the “Debtors” component of the balance sheet.
Provision against these amounts are made to reflect the Directors’ assessment of the realisable
value of the final consideration as at the balance sheet date.
3.20 Purchased Goodwill
Goodwill arising on acquisition of a business which represents the difference between the purchase
consideration and the fair value of the underlying net assets acquired is stated at cost and amortised
over a period of 20 years so as to reflect the useful life of the opportunity provided.
85
ADVANCE SYNERGY BERHAD
Notes To The Accounts 31 December 1999
4.
TURNOVER AND COST OF SALES
Turnover of the Company consists of dividend and interest income.
Turnover of the Group includes the following :–
–
–
–
–
–
–
trading sales at invoiced value and services rendered.
management fees, dividend, interest and rental income.
membership fees in respect of vacation investment timesharing facilities.
income earned from hotel and resort operations net of discounts.
interest income from loans and advances, hire purchase, block discounting, leasing and other related
activities in respect of licensed financial subsidiaries.
sales value of completed development properties sold and proportionate sales value of development
properties to stage of completion.
billing of card fees, cash advance fees, interest revenue and discount revenue.
Cost of sales represents the cost of goods sold and services provided in respect of manufacturing
operations, hotels and resorts and properties development and the cost of financing and leasing services.
86
Laporan Tahunan 1999 Annual Report
Notes To The Accounts 31 December 1999
5.
OPERATING PROFIT/(LOSS)
Group
Company
1999
1998
RM’000
RM’000
1999
RM’000
1998
RM’000
99
5,380
6
110
3,251
7,609
–00
–00
–00
–00
–00
–00
3,285
–00
–00
50
50
50
50
462
95
–00
759
402
60
3
5,212
–00
20
–00
–00
–00
20
–00
–00
703
–00
703
–00
23,902
24,271
165
166
434
2,639
74
12
605
2,208
16,448
–00
144
–00
–00
–00
144
–00
–00
–00
36,086
8,467
2,407
51,018
2,216
5,274
1,379
2,281
56,817
10,092
2,022
54,378
1,024
20
–00
–00
15,386
6,617
–00
4,839
–00
–00
–00
–00
29,640
7,943
–00
7,409
–00
–00
–00
–00
–00
–00
1,724
–00
2,220
–00
–00
16,148
2,915
14,421
5,786
–00
–00
–00
–00
587
31
14,469
2
1,047
599
31
10,008
7,737
– 00
–00
–00
371
–00
–00
–00
–00
371
–00
–00
Operating profit/(loss) has been arrived at :
After charging :Amortisation of purchased goodwill
Amortisation of expenditure carried forward
Expenditure carried forward written off
(Accretion)/amortisation of net goodwill on
consolidation
Auditors’remuneration
– Holding company
– Subsidiary companies
– current year
– underprovision in prior year
– non statutory
Bad debts written off
Amount due from unconsolidated
subsidiary company written off
Depreciation/amortisation of fixed assets
(Note 9)
Directors’ remuneration
– Fees
– Other emoluments
Fixed assets written off
Goodwill written off
Interest expenses
– Loan
– Bank overdraft
– Hire purchase
– Others
Lease rental
Loss on disposal of fixed assets
Loss on disposal of investment
Provision for doubtful debts
Provision for doubtful debts of amounts
due from subsidiary companies
(Write back)/provision for contingencies
and commitments
Provision for amounts receivable from
Danaharta
Provision for credit loss
Rental expenses
– Equipment
– Vehicles
– Premises
Stocks written off
Unrealised loss on foreign exchange
(48)
(1,838)
87
ADVANCE SYNERGY BERHAD
Notes To The Accounts 31 December 1999
5.
OPERATING PROFIT/(LOSS) (CONTINUED)
Group
Company
1999
1998
RM’000
RM’000
1999
RM’000
1998
RM’000
15,138
607
4,619
801
–00
21
–0
450
4,701
10,072
–00
1,264
2,452
–00
12,386
1,036
2,519
10,072
–00
–00
1,206
–0
–0
–0
–00
64
1,199
–00
1,223
318
–00
–00
–00
135
–0
–0
–00
477
11,985
1,967
–00
–00
211
15,351
2,106
5,049
3,143
18
–00
–00
–00
5,006
21
–0
–0
–0
And crediting :Bad debts and financing recovered
Fixed deposit interest
Gain on disposal of
– Quoted investments
– Option
– Subsidiary company
– Others
Gross dividends
– Associated company
– Unquoted investments
– Quoted investments
Interest recovered from subsidiary
companies
Other interest income
Insurance claims
Rental income
Unrealised gain on foreign exchange
The estimated money value of other benefits not included in the above received by directors of the Company
and its subsidiary companies was RM36,300 (1998: RM35,100) for the Company and RM269,300 (1998:
RM313,100) for the Group.
6.
EXCEPTIONAL ITEMS
Group
Loss on disposal of associated
company
Goodwill written off
Professional fees paid to
Danamodal
Provision for bad and doubtful
debts and financing
Provision for diminution in value
– subsidiaries
– associated company
– quoted investments
88
Company
1999
1998
RM’000
RM’000
1999
RM’000
1998
RM’000
117,085
– 00
– 00
80,434
–
–
– 00
– 00
10,952
– 00
–
– 00
– 00
191,339
–
71,584
– 00
– 00
– 00
– 00
10,138
30,937
–
–
–
29,691
10,138
1,999
128,037
312,848
–
113,412
Laporan Tahunan 1999 Annual Report
Notes To The Accounts 31 December 1999
7.
TAXATION
Group
1999
RM’000
On current year’s results
Under/(Over) provision in prior year
Transfer (from)/to deferred taxation
(Note 36)
Share of taxation in associated
companies
Zakat
368
75
1998
RM’000
–
–
37
–
45
–
–
373
547
–
37
566
69
12,970
28
–
–
–
–
1,008
13,545
–
37
(70)
851
(349)
Company
1999
1998
RM’000
RM’000
No provision has been made for Malaysian Income Tax in respect of business income (except for dividend
income) earned by the Company and the Group for the financial year ended 31 December 1999 pursuant
to Section 8 of the Income Tax (Amendment) Act, 1999.
Provision for current taxation is in respect of the dividend income and taxable profits of foreign subsidiary
companies.
The provision for taxation in the accounts of the Group for the previous financial year, even though the
Group had sustained a loss before taxation, was mainly due to certain expenses which were not deductible
for taxation purposes and the non-availability of group relief where tax losses of certain subsidiary
companies cannot be set-off against the taxable income of other subsidiary companies.
8.
LOSS PER STOCK UNIT
Loss per stock unit is calculated based on the consolidated loss after taxation and minority interests of
RM58,022,000 (1998: RM276,315,000) and the number of stock units in issue during the financial year of
RM337,793,619 (1998: 337,793,619).
89
ADVANCE SYNERGY BERHAD
Notes To The Accounts 31 December 1999
9.
FIXED ASSETS
Group
1999
Balance
as at
1.1.1999
RM’000
Disposal of
subsidiary
company
RM’000
Additions
RM’000
Disposals
RM’000
Transfer
from/(to)
RM’000
(1,094)
28,404
Exchange
translation
adjustments Written off
RM’000
RM’000
Balance
as at
31.12.1999
RM’000
Cost/Valuation
Freehold land and buildings
Hotel properties
– at valuation
– at cost
Long term leasehold land
and buildings
– at valuation
– at cost
Short term leasehold land
and buildings
Plant and machinery
Motor vehicles
Furniture, fittings and
equipment
Renovation
Crockeries, glassware,
cutleries, linen and
kitchen utensils
Construction in progress
Computer equipment and
software
55,059
–
3,478
101,968
78,695
–
–
–0
436
– 0
– 0
–00
–00
8,800
38,524
–
–
–0
–0
– 0
– 0
60
52,793
12,240
–
–
–
–0
5,616
100
73,786
20,959
–
–
1,935
49,908
551
–00
86,398
–0
(1,050)
–00
–00
101,968
78,081
– 0
– 0
–0
–0
– 0
– 0
8,800
38,524
– 0
(8,754)
(1,166)
– 0
– 0
– 0
–0
821
13
– 0
– 0
– 0
60
50,476
11,187
2,502
959
(1,324)
(16)
7,958
(13)
148
–0
(74)
– 0
82,996
21,889
–
–
35
6,528
– 0
– 0
8
(39,087)
1
(77)
– 0
– 0
1,979
17,272
18,482
–
473
(100)
– 0
–0
– 0
18,855
513,209
–
20,127
(12,454)
(2,730)
407
(74)
518,485
1,617
– 0
–
–
1,056
– 0
(1)
– 0
–
–
4
–0
–
–
2,676
– 0
324
4,795
–
–
88
834
– 0
– 0
–
–
–0
–0
–
–
412
5,629
10
16,233
8,001
–
–
–
2
4,543
1,748
– 0
(2,175)
(1,025)
–
–
–
–0
106
3
–
–
–
12
18,707
8,727
33,208
10,806
–
–
9,780
2,116
(642)
(8)
–
–
25
–0
–
–
42,371
12,914
35
– 0
–
–
29
– 0
– 0
– 0
–
–
–0
–0
–
–
64
– 0
4,153
–
3,706
– 0
–
–0
–
7,859
79,182
–
23,902
(3,851)
–
138
–
99,371
Accumulated Depreciation
Freehold land and buildings
Hotel properties
Long term leasehold land
and buildings
– at valuation
– at cost
Short term leasehold land
and buildings
Plant and machinery
Motor vehicles
Furniture, fittings and
equipment
Renovation
Crockeries, glassware,
cutleries, linen and
kitchen utensils
Construction in progress
Computer equipment and
software
90
Laporan Tahunan 1999 Annual Report
Notes To The Accounts 31 December 1999
9.
FIXED ASSETS (CONTINUED)
Group
1998
Balance
as at
1.1.1998
RM’000
Disposal of
subsidiary
company
RM’000
Additions
RM’000
Disposals
RM’000
Transfer
from/(to)
RM’000
Exchange
translation
adjustments Written off
RM’000
RM’000
Balance
as at
31.12.1998
RM’000
Cost/Valuation
Freehold land and buildings
Hotel properties
– at valuation
– at cost
Long term leasehold land
and buildings
– at valuation
– at cost
Short term leasehold land
and buildings
Plant and machinery
Motor vehicles
Furniture, fittings and
equipment
Renovation
Crockeries, glassware,
cutleries, linen and
kitchen utensils
Construction in progress
Computer equipment and
software
47,368
101,968
307,645
8,800
38,519
60
118,700
12,406
–000
–000
(245,615)
–000
–000
–000
(64,446)
–000
11,378
–0
113
–00
(3,800)
55,059
– 00
2,419
–0
–0
–
–
–00
14,246
–00
–00
101,968
78,695
– 00
5
–0
–0
–
–
–00
–00
–00
–00
8,800
38,524
– 00
14,165
276
–0
(431)
(218)
–
–
–
–00
4,306
(15)
–00
(19,501)
(209)
60
52,793
12,240
–
(113)
(642)
–00
(316)
(65)
73,786
20,959
71,038
20,324
–000
–000
4,844
1,463
(1,138)
(650)
2,020
25,228
–000
–000
19
27,138
–0
–0
–
–
(6)
(43)
(98)
(2,415)
1,935
49,908
18,117
–000
365
–0
–
–00
–00
18,482
62,072
(2,437)
–
17,846
(26,404)
513,209
772,193
(310,061)
Accumulated Depreciation
Freehold land and buildings
Hotel properties
Long term leasehold land
and buildings
– at valuation
– at cost
Short term leasehold land
and buildings
Plant and machinery
Motor vehicles
Furniture, fittings and
equipment
Renovation
Crockeries, glassware,
cutleries, linen and
kitchen utensils
Construction in progress
Computer equipment and
software
1,467
–00
–
–
373
–00
–0
–0
59
–
–0
–0
(282)
–0
1,617
–00
236
3,943
–
–
88
852
–0
–0
–
–
–0
–0
–0
–0
324
4,795
8
30,944
6,288
–
(11,747)
–
2
5,440
2,073
–0
(70)
(150)
–
–
–
–0
910
(1)
–0
(9,244)
(209)
10
16,233
8,001
25,788
8,206
–
–
8,623
3,162
(1,055)
(500)
–
(59)
(23)
–0
(125)
(3)
33,208
10,806
110
–00
–
–
30
–00
(12)
–0
–
–
–0
–0
(93)
–0
35
–00
525
–
3,628
–0
–
–0
–0
4,153
(11,747)
24,271
(1,787)
–
886
(9,956)
79,182
77,515
91
ADVANCE SYNERGY BERHAD
Notes To The Accounts 31 December 1999
9.
FIXED ASSETS (CONTINUED)
1999
RM’000
1998
RM’000
83,722
53,442
101,968
78,081
101,968
78,695
8,388
32,895
48
31,769
2,460
40,625
8,975
8,476
33,729
50
36,560
4,239
40,578
10,153
1,915
17,272
10,996
1,900
49,908
14,329
419,114
434,027
Net Book Value
Freehold land and buildings
Hotel properties
– at valuation
– at cost
Long term leasehold land and buildings
– at valuation
– at cost
Short term leasehold land and buildings
Plant and machinery
Motor vehicles
Furniture, fittings and equipment
Renovation
Crockeries, glassware, cutleries, linen
and kitchen utensils
Construction in progress
Computer equipment and software
Company
1999
Balance
as at
1.1.1999
RM’000
Additions
RM’000
Disposals
RM’000
Balance
as at
31.12.1999
RM’000
Cost
Motor vehicles
Furniture, fittings and equipment
Renovation
195
797
848
–0
–0
–0
–
–
–
195
797
848
1,840
–0
–
1,840
191
550
630
2
78
85
–
–
–
193
628
715
1,371
165
–
1,536
Accumulated Depreciation
Motor vehicles
Furniture, fittings and equipment
Renovation
92
Laporan Tahunan 1999 Annual Report
Notes To The Accounts 31 December 1999
9.
FIXED ASSETS (CONTINUED)
Company
1998
Balance
as at
1.1.1998
RM’000
Balance
as at
31.12.1998
RM’000
Additions
RM’000
Disposals
RM’000
195
771
848
–0
26
–0
–
–
–
195
797
848
1,814
26
–
1,840
191
469
545
–0
81
85
–
–
–
191
550
630
1,205
166
–
1,371
1999
RM’000
1998
RM’000
2
169
133
4
247
218
304
469
Cost
Motor vehicles
Furniture, fittings and equipment
Renovation
Accumulated Depreciation
Motor vehicles
Furniture, fittings and equipment
Renovation
Net Book Value
Motor vehicles
Furniture, fittings and equipment
Renovation
Included in fixed assets of the Group are assets financed under hire purchase and finance lease agreements
at cost of RM25,127,495 (1998: RM31,846,463).
Six parcels of land included under long term leasehold land and buildings which amounted to RM239,000
(1998: RM239,000) have not been registered in the name of a subsidiary company as at 31 December
1999.
Certain hotel properties were revalued in July 1995 on an open market valuations basis by the directors
based on independent professional valuations.
The hotel properties and certain freehold land and buildings and leasehold land are charged to licensed
banks in return for credit facilities granted to the Company and its subsidiaries.
Construction in progress is stated at cost and will be reclassified as hotel property upon completion of the
said construction.
Included in the previous year’s cost of construction in progress was interest capitalised amounting to
RM3,803,245. The strata title for a hotel property at a cost of RM29,735,533 (1998: RM29,735,533) has yet
to be issued by the relevant authorities.
The long term leasehold land and building of the Group at valuation was revalued by the directors in 1994
based on revaluation carried out by an independent firm of professional valuers on an open market basis.
As permitted under the transitional provisions of the International Accounting Standard 16 – Property, Plant
and Equipment, the property is stated at its 1994 valuation, as the directors have not adopted a policy of
regular revaluation. The property is pledged to Pengurusan Danaharta Nasional Berhad for credit facilities
granted to a subsidiary company.
Included in the previous years’ cost of assets acquired under hire purchase arrangement is an amount of
RM2,697,108 which has been restructured into a term loan arrangement during the financial year.
93
ADVANCE SYNERGY BERHAD
Notes To The Accounts 31 December 1999
10.
INTEREST IN SUBSIDIARY COMPANIES
Company
1999
1998
RM’000
RM’000
Quoted shares – at cost
Unquoted shares – at cost
Less: Provision for diminution in value
Amount due from subsidiary companies
Less: Provision for doubtful debts
Amount due to subsidiary companies
Market value of quoted shares
593,602
235,212
(30,976)
593,614
235,212
(30,976)
797,838
797,850
143,544
(70,524)
141,935
(68,821)
73,020
73,114
870,858
(66,496)
870,964
(63,532)
804,362
807,432
270,677
170,367
The details of the subsidiary companies are set out in Note 43 to the Accounts.
Some of the shares of a quoted subsidiary company have been pledged and shares of a certain unquoted
subsidiary company have been placed with financial institutions for credit facilities granted to the Company
and the Group.
The amount due to a subsidiary company which amounted to RM55,526,029 (1998: RM50,927,619) is
secured by unquoted shares in a subsidiary company and an associated company. There are no fixed
repayment terms and interest is charged at the subsidiary company’s cost of funds.
At the balance sheet date, the carrying value of investment in United Merchant Group Berhad (“UMG”) at
cost of RM593,602,000 is in excess of its market value by RM322,925,000.
The directors are of the opinion that there is no long term impairment of the carrying value of the investment
in UMG.
On 9 September 1999, Pengurusan Danaharta Nasional Berhad had appointed Special Administrators
(“SA”) to manage the assets and affairs of a wholly-owned subsidiary company, Advance Synergy Furniture
Sdn. Bhd. (“ASF”). The SA shall prepare and submit a proposal to Pengurusan Danaharta Nasional
Berhad for ASF to continue as a going concern. In order to preserve the assets of ASF until the SA are able
to complete their task, a twelve-months moratorium on any legal action by creditors has taken effect
immediately on appointment of the SA.
94
Laporan Tahunan 1999 Annual Report
Notes To The Accounts 31 December 1999
11.
INTEREST IN UNCONSOLIDATED SUBSIDIARY COMPANIES
Group
Unquoted shares – at cost
Less: Provision for diminution
in value
Amount due from unconsolidated
subsidiary companies
Less: Provision for doubtful debts
1999
RM’000
1998
RM’000
Company
1999
1998
RM’000
RM’000
52,658
54,683
52,658
52,658
(4,100)
(4,100)
(4,100)
(4,100)
48,558
50,583
48,558
48,558
–00
–00
4,963
(4,786)
–00
Amount due to an unconsolidated
subsidiary
177
–00
48,558
21
(21)
–00
1
–00
–00
48,558
48,559
(1,824)
48,936
4,787
(4,786)
The unquoted shares of an unconsolidated subsidiary company have been pledged to secure an
intercompany balance with a subsidiary company.
The details of the unconsolidated subsidiary company, incorporated in Malaysia, is as follows :-
Name of Company
Principal Activities
Effective Interest
1999
1998
Kedah Marble Sdn. Bhd.
Quarrying, processing and
marketing of marble and
marble products
70%
70%
The accounts of the abovementioned subsidiary company Kedah Marble Sdn. Bhd. (“KM”) have not been
consolidated as the management control of KM is exercised by the minority shareholder pursuant to a
shareholders’ agreement and the Company does not exercise any significant influence over the Board of
Directors. Accordingly, the audited accounts of KM have not been annexed as required by the Companies
Act, 1965 as the accounts are unavailable.
As for P.T. Asbindo Infocitra, the Company’s cost of investment has been written off during the financial
year.
95
ADVANCE SYNERGY BERHAD
Notes To The Accounts 31 December 1999
12.
INTEREST IN ASSOCIATED COMPANIES
Group
Quoted shares – at cost
Unquoted shares – at cost
Less: Provision for diminution
in value
1999
RM’000
1998
RM’000
Company
1999
1998
RM’000
RM’000
–000
21,773
435,832
21,322
–00
19,777
–000
(10,138)
–00
22,538
19,777
(10,138)
Group’s share of profits
21,773
60,441
447,016
128,213
19,777
–00
32,177
–00
Amount due to an associated company
82,214
–000
575,229
(231)
19,777
–00
32,177
(231)
82,214
574,998
19,777
31,946
–000
385,588
–00
11,233
Market value of quoted shares
The details of the associated companies are set out in Note 43 to the Accounts.
The unquoted shares of a direct associated company has been pledged to a subsidiary company to
secure an inter-company balance.
The Group and the Company had disposed its entire equity interest in its associated company, Ban Hin
Lee Bank Berhad to Southern Bank Berhad during the financial year.
13.
LAND HELD FOR DEVELOPMENT
Group
Leasehold land
– at valuation
– at cost
Development expenditure
1999
RM’000
1998
RM’000
9,296
327
4,094
9,293
327
4,067
13,717
13,687
The leasehold land of the Group have been pledged to certain banks for banking facilities granted to the
Company and a subsidiary company.
Certain leasehold land were revalued based on open market value basis in 1981 and 1983 by the
directors based on valuation carried out by a professional firm of valuers and the revaluation has not been
updated since.
96
Laporan Tahunan 1999 Annual Report
Notes To The Accounts 31 December 1999
14.
INVESTMENT SECURITIES
Group
Company
1999
1998
RM’000
RM’000
1999
RM’000
1998
RM’000
86,150
200,474
504,176
30,109
197,350
40,007
222,730
130,437
511,314
56,482
39,918
105,007
2,533
– 000
– 000
– 000
1,060,799
1,065,888
– 000
– 000
– 000
– 000
– 000
– 000
Money Market Instruments
Danamodal bonds
Danaharta bonds
Malaysian Government Securities
Cagamas bonds
Private and Islamic Debt Securities
Negotiable Instruments of Deposits
Bankers’ acceptances and
Islamic accepted bills
Amortisation of premium less accretion
of discounts
24,482
1,085,281
(4,589)
1,061,299
–
–
–
–
–
–
000
000
000
000
000
000
–
–
–
–
–
–
000
000
000
000
000
000
Quoted Securities
In Malaysia :Shares
Warrants
Less: Provision for diminution in value
Outside Malaysia :Shares
Less: Provision for diminution in value
12,549
1
(2,454)
20,546
1
(9,402)
4,458
– 000
– 000
5,548
– 000
(3,913)
10,096
11,145
4,458
1,635
27,042
(23,448)
27,042
(23,448)
– 000
– 000
– 000
– 000
3,594
3,594
– 000
– 000
13,690
14,739
4,458
1,635
97
ADVANCE SYNERGY BERHAD
Notes To The Accounts 31 December 1999
14.
INVESTMENT SECURITIES (CONTINUED)
Group
1999
RM’000
1998
RM’000
Company
1999
1998
RM’000
RM’000
Unquoted Securities
In Malaysia :Shares
Private and Islamic Debt Securities
Bonds
Loan stocks
Other investments
7,521
7,102
24
10,438
320
4,574
13,881
24
–000
320
–
–
–
–
–
25,405
18,799
–0
–0
18,479
29,457
–0
–0
43,884
48,256
–0
–0
1,142,855
1,124,294
4,458
1,635
512,306
30,626
–000
–000
14,728
9,519
203,895
1
496,311
56,470
227,047
132,340
10,842
3,594
–000
–000
–0
–0
–0
–0
8,579
–0
–0
–0
–0
–0
–0
–0
1,425
–0
–0
–0
Outside Malaysia :Shares
Market value :Malaysian Government Securities
Cagamas bonds
Danamodal bonds
Danaharta bonds
Quoted shares in Malaysia
Quoted shares outside Malaysia
Private and Islamic Debt Securities
Warrants
0
0
0
0
0
–
–
–
–
–
0
0
0
0
0
The quoted securities of the Company have been pledged to financial institutions for banking facilities
granted to itself.
15.
GOODWILL ON CONSOLIDATION
Group
1999
RM’000
1998
RM’000
209,904
– 00
269,793
124
– 00
23,706
Goodwill on consolidation net of reserve arising on consolidation :As at 1 January
Goodwill arising from subsidiaries acquired during the year
Realisation of reserve arising on consolidation on disposal
of subsidiaries
Accretion/(amortisation) during the financial year
Amount written off during the financial year
98
209,904
48
(12)
293,623
(3,285)
(80,434)
209,940
209,904
Laporan Tahunan 1999 Annual Report
Notes To The Accounts 31 December 1999
16.
PURCHASED GOODWILL
Group
1999
RM’000
As at 1 January
Arising from acquisition of a business by a subsidiary company
that is consolidated during the financial year
Exchange translation adjustment
17.
1998
RM’000
1,776
–0
–0
129
1,886
–0
Amortisation during the financial year
1,905
(99)
1,886
(110)
As at 31 December
1,806
1,776
EXPENDITURE CARRIED FORWARD
Group
1999
RM’000
1998
RM’000
28,754
(1,377)
28,110
(18)
27,377
28,092
2,730
834
– 00
201
– 00
8,181
3,341
– 00
3,765
11,522
Amortisation during the financial year
Amount written off during the financial year
31,142
(5,380)
(6)
39,614
(3,251)
(7,609)
As at 31 December
25,756
28,754
As at 1 January
Exchange translation adjustments
Additions during the financial year
–
–
–
–
18.
reclassified from construction in progress
pre-operating and pre-production expenses
deferred and development expenditure
others
DEVELOPMENT PROPERTIES AND EXPENDITURE
Group
Leasehold land :– at valuation
– at cost
Development expenditure
1999
RM’000
1998
RM’000
10,552
1,377
21,525
11,661
1,671
31,166
33,454
44,498
99
ADVANCE SYNERGY BERHAD
Notes To The Accounts 31 December 1999
18.
DEVELOPMENT PROPERTIES AND EXPENDITURE (CONTINUED)
The leasehold land of a subsidiary company was revalued by the directors on an open market value basis
based on an independent professional valuation in February 1992 and has not been updated since then.
Included in the development expenditure is interest capitalised during the financial year amounting to
RM1,907,027 (1998: RM3,383,614).
Certain leasehold land under development were charged to financial institutions as security for credit
facilities granted to a subsidiary company.
19.
STOCKS
Group
Operating supplies
Food and beverages
Finished goods
Completed development properties
Raw materials
Foreclosed properties
Work in progress
1999
RM’000
1998
RM’000
175
459
4,433
12,563
5,317
16,560
1,414
208
550
2,030
12,904
4,751
15,609
1,668
40,921
37,720
Stocks of completed properties have been pledged to certain banks for credit facilities granted to the
Company and a subsidiary company.
20.
DEBTORS
Group
1999
RM’000
Trade debtors
Less: Provision for doubtful debts
Other debtors, deposits and prepayments
Less: Provision for doubtful debts
Amount due from Danaharta
Amount recoverable from Danaharta
Less: Provision for doubtful debts
Tax recoverable
100
1998
RM’000
Company
1999
1998
RM’000
RM’000
55,494
(4,083)
56,114
(3,979)
– 00
– 00
– 00
– 00
51,411
52,135
– 00
– 00
119,535
(755)
103,780
(546)
21,806
– 00
10,686
– 00
118,780
103,234
21,806
10,686
–000
189,080
– 00
– 00
72,497
(30,569)
72,104
(14,421)
– 00
– 00
– 00
– 00
41,928
57,683
– 00
– 00
3,669
3,669
3,669
3,669
215,788
405,801
25,475
14,355
Laporan Tahunan 1999 Annual Report
Notes To The Accounts 31 December 1999
20.
DEBTORS (CONTINUED)
Included in other debtors, deposits and prepayments of the Group is a deposit of RM30 million (1998:
RM30 million) paid to the vendors of the shares of Malpac Holdings Berhad pursuant to a Sale and
Purchase Agreement for the said shares.
21.
STATUTORY DEPOSITS WITH BANK NEGARA MALAYSIA
The non-interest bearing statutory deposits are maintained with Bank Negara Malaysia in compliance
with Section 37(1)(c) of the Central Bank of Malaysia Act 1958. The amounts are determined at set
percentages of total eligible liabilities in respect of those subsidiaries which are licensed financial
institutions.
22.
LOANS, ADVANCES AND FINANCING
Group
1999
RM’000
1998
RM’000
Revolving credit facilities
Term loans - floating rate
Block discounting
Housing loans
Claims on customers under acceptance credits
Lease rentals receivable
Hire purchase receivable
Staff loans
Other loans
1,012,999
1,759,297
54,710
390,947
992
594
2,286,129
32,370
11
1,189,550
1,658,713
70,376
280,773
7,050
1,617
1,952,329
32,778
54
Unearned interest and income
5,538,049
(631,941)
5,193,240
(453,691)
Gross loans, advances and financing
4,906,108
4,739,549
87,725
190,258
119,529
88,035
252,576
102,568
(397,512)
(443,179)
Less: Provision for bad and doubtful debts and financing
– General
– Specific
Interest-in-suspense/Income-in-suspense
Net loans, advances and financing
4,508,596
4,296,370
101
ADVANCE SYNERGY BERHAD
Notes To The Accounts 31 December 1999
23.
DEALING SECURITIES
Group
1999
RM’000
Money market instruments :Bankers’ acceptances and Islamic accepted bills
Quoted securities :Shares quoted in Malaysia
Market value :Bankers’ acceptances and Islamic accepted bills
Shares quoted in Malaysia
24.
1998
RM’000
–0
62,821
2,155
680
2,155
63,501
–0
2,491
63,563
680
DEPOSITS WITH FINANCIAL INSTITUTIONS
Group
Licensed banks
Licensed finance companies
Other financial institutions
Company
1999
1998
RM’000
RM’000
1999
RM’000
1998
RM’000
14,238
64,125
10,000
85,824
27,879
80,000
3,800
–0
–0
688
–0
–0
88,363
193,703
3,800
688
Certain deposits have been pledged to financial institutions for banking facilities granted to certain
subsidiary companies.
25.
CASH AND SHORT TERM FUNDS
Group
Cash and bank balances
Money at call and deposit maturing
within one month
102
1999
RM’000
1998
RM’000
97,020
53,817
549,670
646,690
Company
1999
1998
RM’000
RM’000
170
7
533,901
–
–
587,718
170
7
Laporan Tahunan 1999 Annual Report
Notes To The Accounts 31 December 1999
26.
CREDITORS
Group
Trade creditors
Other creditors and accruals
Provision for retirement gratuity
Provision for commitments and
contingencies
Hire purchase creditors :Balance at end of year
Payable after the next twelve months
27.
1999
RM’000
1998
RM’000
Company
1999
1998
RM’000
RM’000
30,640
215,773
– 00
26,774
273,012
2,024
–00
48,338
–00
–00
34,899
–00
– 00
2,220
–00
–00
16,381
(9,423)
21,982
(10,547)
–00
–00
–00
–00
6,958
11,435
–00
–00
253,371
315,465
48,338
34,899
1998
RM’000
Company
1999
1998
RM’000
RM’000
SHORT TERM BORROWINGS
Group
1999
RM’000
Secured :Revolving credit
Term loans (Note 35)
Bank overdrafts
Others
Unsecured :Revolving credit
Bank overdrafts
Term loans (Note 35)
Exchangeable Subordinated
Capital Loans (Note 33)
Others
12,071
49,541
10,596
6,243
189,439
244,858
92,469
7,469
–
–
–
–
154,090
5,000
60,841
–000
78,451
534,235
–
219,931
12,173
9,770
– 00
37,874
8,351
14,961
–
–
–
3,000
–000
–000
50,000
355
533,000
678
–
–
–000
–000
72,298
594,864
–
3,000
150,749
1,129,099
–
222,931
The borrowings of the Group and the Company are secured by :(i)
Registered charges over certain development properties and land and buildings; and
(ii)
Registered charges over certain fixed and floating assets of certain subsidiary companies.
Interest rates on the borrowings ranged between 7.30% to 11.40% (1998: 8.40% to 19.00%) per annum.
Certain short term borrowings of the Group and Company have been reclassified to long term borrowing
due to the proposed restructuring as disclosed in Note 44(xi) to the Accounts.
103
ADVANCE SYNERGY BERHAD
Notes To The Accounts 31 December 1999
28.
DEPOSITS AND PLACEMENTS OF BANKS AND OTHER FINANCIAL INSTITUTIONS
Group
Licensed banks
Licensed finance companies
Other financial institutions
29.
1999
RM’000
1998
RM’000
419,019
375,000
165,719
602,018
297,600
109,958
959,738
1,009,576
DEPOSITS FROM CUSTOMERS
Group
Fixed deposits
Negotiable instruments of deposits
Saving deposits
Others
30.
1999
RM’000
1998
RM’000
4,721,731
– 000
312,045
10,913
4,206,797
11,200
95,533
569
5,044,689
4,314,099
SHARE CAPITAL
Group and Company
1999
1998
RM’000
RM’000
31.
Authorised :Ordinary shares of RM1.00 each
800,000
800,000
Issued and fully paid-up :Ordinary shares of RM1.00 each fully paid and converted
into stock units of RM1.00 each
337,794
337,794
RESERVES
Group
Share premium
Capital reserve
Statutory reserve (Note 31.1)
Exchange fluctuation reserve
Other reserves (Note 31.2)
Total non – distributable reserves
Accumulated losses – distributable
104
1999
RM’000
1998
RM’000
Company
1999
1998
RM’000
RM’000
432,423
69
49,095
3,247
– 000
432,423
69
25,613
(2,540)
7,518
432,423
69
–000
–000
–000
432,423
69
–000
–000
–000
484,834
(303,722)
463,083
(222,218)
432,492
(140,236)
432,492
(123,025)
181,112
240,865
292,256
309,467
Laporan Tahunan 1999 Annual Report
Notes To The Accounts 31 December 1999
31.
RESERVES (CONTINUED)
Group
Company
1999
1998
RM’000
RM’000
1999
RM’000
1998
RM’000
As at 1 January
Transfer from profit and loss account
25,613
23,482
25,613
– 00
–
–
–
–
As at 31 December
49,095
25,613
–
–
31.1 Statutory reserve :-
The statutory reserve is maintained in compliance with Section 36 of the Banking and Financial
Institutions Act, 1989 and is not distributable as cash dividends.
31.2 Other reserves :As at 1 January
Share of general reserve of an
associated company
Reclassification upon disposal of
associated company
7,518
4,156
–
–
–00
3,362
–
–
–00
–
–
7,518
–
–
(7,518)
As at 31 December
32.
–00
SUBORDINATED CERTIFICATES OF DEPOSIT
The Subordinated Certificates of Deposit (“CDs”) were issued during 1996 by a licensed financial
subsidiary company consisting of 10-year CDs which bear interest at the fixed rate of 8.75% per annum for
the first five (5) years and are subordinated to all other liabilities.
On the fifth anniversary of the issue date and each anniversary date thereafter, the CDs may subject to the
prior approval of Bank Negara Malaysia, be redeemable at the redemption price stated on the CDs, at the
option of the licensed financial subsidiary company.
The CDs qualify as Tier II capital for the purpose of determining the Capital Adequacy Ratio of the licensed
financial subsidiary company.
33.
EXCHANGEABLE SUBORDINATED CAPITAL LOANS (“ESCLS”)
Group
Exchangeable Subordinated Capital Loans
Less: Portion under short term borrowings (Note 27)
1999
RM’000
1998
RM’000
50,000
(50,000)
850,000
(533,000)
–
317,000
The ESCLs which were obtained by two subsidiary companies United Merchant Finance Berhad (“UMF”)
and Perdana Merchant Bankers Berhad (“PMBB”) in 1998, carried interest at the rate of 7.5% per annum.
The ESCLs are renewable on a periodic basis as determined by Danamodal and approved by BNM.
On 19 February 1999, UMF repaid RM450 million of the RM800 million ESCL granted by Danamodal and
subsequently on 31 March 1999, UMF repaid a further RM33 million. On 16 August 1999, UMF repaid the
balance of the ESCL which amounted to RM317 million.
Subsequent to the balance sheet date, PMBB has on 3 February 2000 fully repaid the ESCL of RM50
million to Danamodal (refer to Note 45(ii) to the Accounts).
105
ADVANCE SYNERGY BERHAD
Notes To The Accounts 31 December 1999
34.
LONG TERM BORROWINGS
Group
Secured :Revolving credit
Bank overdrafts
Unsecured :Revolving credit
Company
1999
1998
RM’000
RM’000
1999
RM’000
1998
RM’000
165,734
75,446
–
–
153,234
72,282
–
–
241,180
–
225,516
–
3,000
–
3,000
–
244,180
–
228,516
–
The borrowings of the Group and the Company are secured by :(i)
Registered charges over certain development properties and land and buildings;
(ii)
Registered charges over certain fixed and floating assets of certain subsidiary companies;
(iii)
Registered charges over the quoted shares of a subsidiary company and an investment, and unquoted
shares of a certain subsidiary company; and
(iv)
Registered charges over certain quoted securities.
Interest rates on the borrowings ranged between 7.30% to 11.40% (1998: 8.40% to 19.00%) per annum.
The entire long term borrowings of the Group and the Company have been included as part of the
proposed restructuring involving the bank borrowing from several financial institutions as disclosed in
Note 44(xi) to the Accounts.
35.
TERM LOANS
Group
Company
1999
1998
RM’000
RM’000
1999
RM’000
1998
RM’000
175,392
357,552
–
5,000
(244,858)
–
(5,000)
125,851
112,694
–
–0
5,875
22,154
–
–0
(14,961)
–
–0
Secured :Term loans
Less: Portion due within twelve months
included under short term
borrowings (Note 27)
(49,541)
Unsecured :Term loans
Less: Portion due within twelve months
included under short term
borrowings (Note 27)
– 00
5,875
7,193
–
–0
131,726
119,887
–
–0
The term loan facilities are secured as described in Note 27.
Term loans of the Group amounting to RM82,726,000 have been included as part of the proposed
restructuring involving the bank borrowings from several financial institutions as disclosed in Note 44(ix)
to the Accounts.
106
Laporan Tahunan 1999 Annual Report
Notes To The Accounts 31 December 1999
36.
DEFERRED TAXATION
Group
1999
RM’000
1998
RM’000
As at 1 January
Transfer (to)/from profit and loss accounts (Note 7)
Exchange translation adjustments
1,520
(70)
4
1,670
45
(195)
As at 31 December
1,454
1,520
The deferred taxation provision at the end of the financial year are in respect of the following timing
differences :Group
Differences between depreciation and capital allowances on fixed assets
Differences arising from revaluation surplus of land held for development
Other timing differences
37.
1999
RM’000
1998
RM’000
300
2,007
(853)
397
1,241
(118)
1,454
1,520
COMMITMENTS AND CONTINGENT LIABILITIES – UNSECURED
The licensed financial subsidiary companies are contingently liable in respect of housing loans sold to
Cagamas Berhad, under condition that they undertake to administer the loans on behalf of Cagamas
Berhad and to buy back when the loans are regarded as defective based on prudence criteria.
The commitments and contingencies constitute the following :Group
Claim by Inland Revenue Board for back
taxes due
Guarantees given on behalf of customers
Direct credit substitute
Transaction related contingent items
Housing loans sold directly and indirectly
to Cagamas Bhd
Obligations under underwriting
commitments
Irrevocable commitments to extend credit
– not exceeding one year
– more than one year
Guarantees in favour of third parties
Obligation involving claims by supplier due
to non-performance of contract
Guarantees given on behalf of subsidiary
companies
Other assets sold with recourse and
commitments with certain drawdown
Company
1999
1998
RM’000
RM’000
1999
RM’000
1998
RM’000
101
–000
77,257
10,964
–000
88,866
36,581
8,805
–000
–000
–000
–000
–000
–000
–000
–000
156,656
234,063
–000
–000
25,500
18,500
–000
–000
68,596
363,345
229
122,969
473,566
227
–000
–000
–000
–000
–000
–000
24
–000
–000
–000
–000
–000
223,285
230,772
26,454
–000
–000
–000
729,126
983,577
223,285
230,772
107
ADVANCE SYNERGY BERHAD
Notes To The Accounts 31 December 1999
37.
COMMITMENTS AND CONTINGENT LIABILITIES – UNSECURED (CONTINUED)
The Company has received notice of a legal action taken by a stockholder who is disputing the basis of
determining the entitlement to the Bonus Issue carried out by the Company in 1993. Although the final
outcome of this matter is currently uncertain, the directors are of the opinion that the legal suit has no merit
and will not succeed.
38.
LEASE COMMITMENT
The Group has lease commitments for rented premises and equipment on hire, net of sub-leases, which
are as follows :Group
Year
within one year
within one to two years
after more than two years
39.
1999
RM’000
1998
RM’000
1,046
537
307
2,032
676
96
CAPITAL COMMITMENTS
Group
Capital expenditure :– authorised and contracted for
– authorised but not contracted for
1999
RM’000
1998
RM’000
139,255
785
141,532
6,499
On 14 August 1997, a subsidiary company, United Merchant Group Berhad (“UMG”), entered into a
conditional share sale and purchase agreement with the vendors of Malpac Holdings Berhad (“Malpac”)
to acquire a 32.9% equity interest comprising 24,675,000 ordinary shares of RM1.00 each in Malpac for a
total cash purchase consideration of RM166,556,250 of RM6.75 per ordinary share. Approvals from the
relevant authorities namely the Ministry of Finance, the Securities Commission and the Foreign Investment
Committee were obtained on 20 November 1997, 20 December 1997 and 26 December 1997 respectively.
The capital commitment authorised and contracted for the Group is mainly in respect of the balance of the
purchase price on the proposed acquisition of the shares of Malpac of RM136,556,000 (1998:
RM136,556,000).
During the financial year, the directors of UMG, have commenced negotiations with the vendors to terminate
the proposed acquisition of Malpac. Under the termination proposal, UMG’s rights and obligations under
the conditional sale and purchase agreement dated 14 August 1997 would be rescinded and the initial
deposit (as disclosed in Note 20 to the Accounts) provided by UMG would be refunded.
108
Laporan Tahunan 1999 Annual Report
Notes To The Accounts 31 December 1999
40.
SEGMENTAL REPORTING
Operations of the Group during the financial year were mainly in Malaysia. The analysis of the Group’s
operations by activities for the financial year are as follows :-
1999
Group
Total Tangible
Loss
Assets
Turnover Before Taxation Employed
RM’000
RM’000
RM’000
Investment holding and management
Property development
Manufacturing
Financial and leasing services
Hotels and resorts
7,216
27,729
54,367
554,294
54,674
(31,837)
916
(1,584)
(59,301)
(4,204)
63,483
87,559
188,410
6,811,332
312,763
698,280
(96,010)
7,463,547
Associated companies
– share of results
32,306
(63,704)
1998
Investment holding and management
Property development
Manufacturing
Financial and leasing services
Hotels and resorts
18,629
4,169
57,122
728,127
91,767
(114,618)
(3,403)
(17,890)
(325,629)
6,643
67,525
96,168
173,159
7,370,886
302,548
899,814
(454,897)
8,010,286
Associated companies
– share of results
32,185
(422,712)
41.
SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES
Company
1999
1998
RM’000
RM’000
Interest payable to subsidiary companies
Interest receivable from subsidiary companies
42.
4,839
(3,143)
7,409
(5,006)
COMPARATIVE FIGURES
Certain comparative figures have been restated and reclassified to conform with the current financial
year’s presentation.
109
ADVANCE SYNERGY BERHAD
Notes To The Accounts 31 December 1999
43.
SUBSIDIARY AND ASSOCIATED COMPANIES
The subsidiary and associated companies which are incorporated in Malaysia (other than those specified
otherwise), are as follows :Name of Company
Principal Activities
Effective Interest
31.12.1999
31.12.1998
Subsidiaries of the Company
110
Nagapura Management
Corporation Sdn. Bhd.
Provision of management
services
100%
100%
Sadong Development Sdn. Bhd.
Property development
100%
100%
*Ausborn Sawmill Sdn. Bhd.
Sawmill and trading of
sawn timber
100%
100%
*Bornion Sawmill Sdn. Bhd.
Sawmill and trading of
sawn timber
100%
100%
*Advance Synergy Realty Sdn. Bhd.
Property development
100%
100%
*United Merchant Group Berhad
Investment holding
50.75%
50.75%
Plastic Centre Sdn. Berhad
Trading of plastic bottles,
containers and conventional
screw-on closures and caps
70%
70%
Synergy Card & Payment Services
Sendirian Berhad
Provision of payment related
products and services
51%
51%
Alangka-Suka Hotels & Resorts
Berhad
Investment holding
99.63%
99.63%
Advance Synergy Properties
Sdn. Bhd.
Investment holding
100%
100%
Advance Synergy Timber Sdn. Bhd.
Dormant
100%
100%
Alam Samudera Corporation
Berhad
Dormant
100%
100%
Synergy Petroleum Incorporated
(Incorporated in the
British Virgin Islands)
Investment holding
100%
100%
ASB Timber (PNG) Limited
(Incorporated in
Papua New Guinea)
Forest industry
100%
100%
Excellent Display Sdn. Bhd.
Investment holding
100%
100%
Excellent Arch Sdn. Bhd.
Investment holding
100%
100%
Synergy Gold Incorporated
(Incorporated in the
British Virgin Islands)
Investment holding
100%
100%
*P.T. Asbindo Infocitra
(Incorporated in Indonesia)
Services on design and
engineering electronic data
processing
51%
51%
Laporan Tahunan 1999 Annual Report
Notes To The Accounts 31 December 1999
Name of Company
Principal Activities
Effective Interest
31.12.1999
31.12.1998
Subsidiaries of United Merchant
Group Berhad
*United Merchant Finance Berhad
Licensed finance company
50.75%
50.75%
*ASC Equities Sdn. Bhd.
Trading investment and
venture capital
50.75%
50.75%
*ASC Credit Sdn. Bhd.
Dormant
50.75%
50.75%
*Perdana Merchant Bankers
Berhad
Merchant banking services
35.58%
35.58%
*UMF Development Sdn. Bhd.
Property investment
50.75%
50.75%
*UMF Nominees (Tempatan)
Sdn. Bhd.
Nominee services
50.75%
50.75%
*UMF Nominees (Asing) Sdn. Bhd.
Nominee services
50.75%
50.75%
Property investment
50.75%
50.75%
*Perdana Finance Berhad
Licensed finance company
31.31%
31.31%
*Perdana Nominees (Tempatan)
Sdn. Bhd.
Nominee services
35.58%
35.58%
*Perdana Nominees (Asing)
Sdn. Bhd.
Nominee services
35.58%
35.58%
*Perdana Mutual Fund Berhad
Dormant
35.58%
35.58%
Property investment
31.31%
31.31%
Subsidiaries of United Merchant
Finance Berhad
Subsidiary of UMF Development
Sdn. Bhd.
*Seal Line Trading Sdn. Bhd.
Subsidiaries of Perdana
Merchant Bankers Berhad
Subsidiary of Perdana Finance
Berhad
*Perdana Visi Hartanah Sdn. Bhd.
Subsidiaries of Plastic Centre
Sdn. Berhad
PC Realty Sdn. Bhd.
Dormant
70%
70%
Packaging Centre Services
Sdn. Bhd.
Manufacturing and packaging
of consumer products
70%
70%
Zeller Plastik (Malaysia) Sdn. Bhd.
Manufacture and sale of
flip top closure caps
50.05%
50.05%
111
ADVANCE SYNERGY BERHAD
Notes To The Accounts 31 December 1999
Name of Company
Principal Activities
Effective Interest
31.12.1999
31.12.1998
*Plastic Centre Pte. Ltd.
(Incorporated in Singapore)
Manufacturing and trading of
plastic bottles, containers and
conventional screw-on
closures and caps
70%
70%
PC Ventures Sdn. Bhd.
Investment holding
70%
70%
Calmford Incorporated
(Incorporated in the
British Virgin Islands)
Investment holding
70%
70%
Hire of machinery and equipment
56%
56%
Manufacture and sale of metal
products
35.74%
35.74%
Custom manufacturing of
plastic articles and products
15.47%
15.47%
Property development
95%
95%
Property development
95%
95%
Acrylic Synergy Sdn. Bhd.
Inactive
81%
81%
Syarikat Fit and Weld
Engineering (M) Sdn. Bhd.
Welding and steel fabrication
contractor
70%
70%
*e-go.com Sdn. Bhd.
Provision of e-commerce
applications and services
60%
–
Investment holding
100%
100%
Subsidiary of Packaging Centre
Services Sdn. Bhd.
Noweia Industries Sdn. Bhd.
Subsidiary of Calmford
Incorporated
*Jarrett Synergy Pty Ltd
(Incorporated in Australia)
Associated company of
PC Ventures Sdn. Bhd.
*Teck See Plastic Sdn. Bhd.
Subsidiary of Sadong
Development Sdn. Bhd.
Hotel Golden Dragon Sdn. Bhd.
Subsidiary of Hotel Golden
Dragon Sdn. Bhd.
Simpang Tiga Realty Sdn. Bhd.
Subsidiaries of Nagapura
Management Corporation
Sdn. Bhd.
Subsidiary of Advance Synergy
Properties Sdn. Bhd.
Synergy Realty Incorporated
(Incorporated in the
British Virgin Islands)
112
Laporan Tahunan 1999 Annual Report
Notes To The Accounts 31 December 1999
Name of Company
Principal Activities
Effective Interest
31.12.1999
31.12.1998
Subsidiary of Synergy Realty
Incorporated
*Synergy Investments
Australia Pty Ltd
(Incorporated in Australia)
Property development and
investment
70%
70%
Super Leisure Sdn. Bhd.
Operation and management
of restaurants
70%
70%
Visage Synergy Sdn. Bhd.
Dormant
70%
70%
Manufacturing and marketing
of furniture
100%
100%
Gateway Card Services (Malaysia)
Sdn. Bhd.
Marketing of discount cards
51%
51%
Loyalty Card Services Sdn. Bhd.
Marketing of loyalty cards
51%
51%
Datakey Sdn. Bhd.
(Formerly known as
Quantum Esteem Sdn. Bhd.)
Dormant
51%
–
Subsidiaries of Excellent
Display Sdn. Bhd.
Subsidiary of Excellent Arch
Sdn. Bhd.
Advance Synergy Furniture
Sdn. Bhd.
Subsidiaries of Synergy
Card & Payment Services
Sendirian Berhad
Subsidiaries of Alangka-Suka
Hotels & Resorts Berhad
Alor Setar Holiday Villa Sdn. Bhd.
Owns and operates
Alor Setar Holiday Villa
89.67%
89.67%
Holiday Villa Travel & Tours
Sdn. Bhd.
Limousine services
99.63%
99.63%
Langkawi Holiday Villa Sdn. Bhd.
Owns and operates
Langkawi Holiday Villa Resort
99.63%
99.63%
Mayor Hotels Berhad
Owns and operates
City Villa Kuala Lumpur
99.63%
99.63%
Cherating Holiday Villa Berhad
Owns and operates
Cherating Holiday Villa Resort
99.63%
99.63%
Antara Holiday Villas Sdn. Bhd.
Hotel management services
99.63%
99.63%
*Suntop Corporation Sdn. Bhd.
Dormant
99.63%
99.63%
113
ADVANCE SYNERGY BERHAD
Notes To The Accounts 31 December 1999
Name of Company
Principal Activities
Effective Interest
31.12.1999
31.12.1998
Asbina Hotel & Property Sdn. Bhd.
Leasehold owner of
Monorom Holiday Villa,
Phnom Penh
76.32%
99.63%
Asbina Hotel & Property (Vietnam)
Sdn. Bhd.
Dormant
99.63%
99.63%
Holiday Villas International Limited
(Incorporated in the
British Virgin Islands)
Hotel management services
99.63%
99.63%
Alangka-Suka International Limited
(Incorporated in the
British Virgin Islands)
Investment holding
99.63%
99.63%
Grand Hotel Sudan Limited
(Incorporated in the
British Virgin Islands)
Leasehold owner of
Grand Holiday Villa, Khartoum
99.63%
–
Operates Pavilion
Holiday Villa, London
99.63%
99.63%
Asbina Shenzhen Limited
(Incorporated in the
British Virgin Islands)
Dormant
89.67%
89.67%
*Grand Holiday Villa Khartoum
Co. Ltd.
(Incorporated in the
Republic of Sudan)
Operates Grand Holiday Villa,
Khartoum
99.63%
99.63%
*Interwell International Limited
(Incorporated in the
British Virgin Islands)
Owns Pavilion Holiday Villa,
London
99.63%
99.63%
Operates Monorom
Holiday Villa, Phnom Penh
76.32%
99.63%
Subsidiary of Holiday Villas
International Limited
*Holiday Villa (UK) Ltd
(Incorporated in
England and Wales)
Subsidiaries of Alangka-Suka
International Limited
Subsidiary of Asbina Hotel &
Property Sdn. Bhd.
*Asbina Hotel & Property
(Cambodia) Pte. Ltd.
(Incorporated in the Kingdom
of Cambodia)
114
Laporan Tahunan 1999 Annual Report
Notes To The Accounts 31 December 1999
Name of Company
Principal Activities
Effective Interest
31.12.1999
31.12.1998
Subsidiary of Interwell
International Limited
*Interwell Management Limited
(Incorporated in
England and Wales)
Dormant
99.63%
99.63%
Associated companies of the
Company
*ACE Synergy Insurance Berhad
(Formerly known as
Perdana CIGNA Insurance
Berhad)
Underwriting of general
insurance
49%
49%
Diversified Gain Sdn. Bhd.
Investment holding
50%
50%
Travel and tour agent and
licensed money changer
50%
50%
Inter-Pacific Leisure Sdn. Bhd.
Travel and tour agent
50%
50%
Inter-Pacific Travel & Tours
(Penang) Sdn. Bhd.
Dormant
50%
50%
Inter-Pacific Travel & Tours
(Sabah) Sdn. Bhd.
Dormant
50%
50%
Columbus Travel & Tours Sdn. Bhd.
Travel and tour agent
50%
50%
Motorsports Adventure Sdn. Bhd.
Conduct motorsports adventure
and related activities
50%
50%
Marketing and Event Management
Integrated Sdn. Bhd.
Event organising, planning
and management; and
development of marketing
and advertising strategies
50%
50%
Subsidiary of Diversified Gain
Sdn. Bhd.
Inter-Pacific Travel & Tours
Sdn. Bhd.
Subsidiaries of Inter-Pacific
Travel & Tours Sdn. Bhd.
*Companies not audited by BDO Binder.
44.
SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR
Group
(i)
On 2 February 1999, United Merchant Group Berhad (“UMG”), a subsidiary company, submitted an
application to the Corporate Debt Restructuring Committee (“CDRC”) to seek assistance in the
restructuring of UMG’s existing borrowings.
115
ADVANCE SYNERGY BERHAD
Notes To The Accounts 31 December 1999
44.
SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR (CONTINUED)
(ii)
On 19 February 1999, United Merchant Finance Berhad (“UMF”), a wholly-owned subsidiary company
of UMG, repaid RM450 million out of the RM800 million Exchangeable Subordinated Capital Loan
(“ESCL”) granted by Danamodal Nasional Berhad (“Danamodal”). Subsequently on 31 March 1999,
UMF repaid a further RM33 million, leaving the outstanding balance of the ESCL at RM317 million.
(iii)
On 31 March 1999, UMF entered into a Subscription Agreement with Danamodal in respect of the
proposed subscription by Danamodal of 317 million Irredeemable Non-Cumulative Convertible
Preference Shares (“INCPS”) of RM1.00 each in UMF, which will be satisfied by the setting off of the
remaining RM317 million of ESCL.
In view of the proposed merger of UMF with Southern Bank Berhad (“SBB”) and following the
repayment of the outstanding RM317 million of ESCL by UMF to Danamodal on 16 August 1999,
UMG, UMF and Danamodal had mutually agreed to nullify the following duly executed agreements :-
(iv)
(a)
Shareholders’ Agreement;
(b)
UMG Call Option Agreement;
(c)
Call Option Agreement;
(d)
Put Option and Exchange Agreement; and
(e)
Subscription Agreement.
Bank Negara Malaysia (“BNM”) had on 8 July 1999 gave its approval for UMG to commence
negotiations with SBB on the proposed disposal of its entire 43.53% equity interest comprising
74,524,000 ordinary shares in Ban Hin Lee Bank Berhad (“BHLB”) for a total cash consideration of
RM372,620,000 (“Proposed Disposal of BHLB”). On 5 August 1999, UMG had entered into a Sale
and Purchase Agreement with SBB in relation to the Proposed Disposal of BHLB.
The said Sale and Purchase Agreement had on 11 October 1999 became unconditional and the
sale consideration was fully paid to UMG on 19 October 1999.
(v)
Following the completion of the sale of BHLB to SBB, UMG had utilised the major portion of the sale
proceeds to repay all its bank borrowings, hence, the Corporate Restructuring Scheme of UMG
which was previously submitted to the CDRC on 2 February 1999 was withdrawn.
(vi)
On 3 August 1999, BNM had granted approval for UMG to commence negotiations with SBB for the
proposed merger of its banking subsidiaries, UMF, Perdana Merchant Bankers Berhad (“PMBB”)
and Perdana Finance Berhad (“PFB”) with SBB Group.
On 13 August 1999, UMF, PMBB and PFB had each entered into a memorandum of understanding
with SBB to negotiate the terms and conditions of their respective definitive merger agreements.
(vii)
On 9 September 1999, Pengurusan Danaharta Nasional Berhad had appointed Special
Administrators (“SA”) to manage the assets and affairs of Advance Synergy Furniture Sdn. Bhd.
(“ASF”), a wholly-owned subsidiary company. The SA shall prepare and submit a proposal to
Pengurusan Danaharta Nasional Berhad for ASF to continue as a going concern. In order to preserve
the assets of ASF until the SA are able to complete their task, a twelve-months moratorium on any
legal action by creditors has taken effect immediately upon the appointment of the SA.
Company
(viii) On 8 January 1999, the Company submitted an application to the CDRC for assistance in the
restructuring of the bank borrowings of its and certain of its subsidiary companies.
(ix)
116
On 20 April 1999, the Company received approval from BNM to enter into negotiations pertaining to
a proposed exercise involving the Company’s 50.75% equity interest in UMG. Subsequently, the
Company has ceased negotiation in respect of this matter.
Laporan Tahunan 1999 Annual Report
Notes To The Accounts 31 December 1999
44.
SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR (CONTINUED)
(x)
On 27 April 1999, the Company entered into a Sale and Purchase Agreement with Inisiatif Ikhlas
Sdn. Bhd. (“IISB”) to dispose of its entire equity interest representing 70% of the paid-up capital of
Plastic Centre Sdn. Berhad (“PCSB”) for a cash consideration of RM28.0 million (“the Proposed
Disposal of PCSB”). In conjunction with the Proposed Disposal of PCSB, the Company shall acquire
the equity interests in two of PCSB’s subsidiary companies namely, PC Ventures Sdn. Bhd., 49%
(“the Proposed Acquisition of PCV”); and Calmford Incorporated, 100% for cash considerations of
RM14,002,584 and RM1.00 respectively.
The cash consideration for the Proposed Disposal of PCSB shall be partly satisfied by IISB assuming
the debts due from the Company to PCSB amounting to a total of RM22.96 million which comprises
RM14,002,584 being the consideration for the Proposed Acquisition of PCV and about RM8.96
million being settlement of inter-company advance due to PCSB. The balance of the cash
consideration shall be settled by IISB to the Company.
(xi)
On 1 October 1999, the Company entered into a Restructuring Agreement with several financial
institutions (“Lenders”) to restructure the Company’s and certain of its subsidiary companies’ bank
borrowings by issuance of redeemable loan stocks and convertible loan stocks, both with detachable
warrants (“Proposed Restructuring of Bank Borrowings”). A proposed renounceable restricted offer
for sale of the detachable warrants by the Lenders to the stockholders of the Company (“Proposed
ROS”) will be undertaken after the Proposed Restructuring of Bank Borrowings. The approvals from
BNM, Securities Commission and Foreign Investment Committee have been obtained for both the
Proposed Restructuring of Bank Borrowings and Proposed ROS.
The Proposed Restructuring of Bank Borrowings and Proposed ROS are pending approval from the
stockholders of the Company.
45.
SIGNIFICANT EVENTS SUBSEQUENT TO THE BALANCE SHEET DATE
Group
(i)
On 6 January 2000, UMG entered into a Sale of Shares Agreement with SBB to dispose of its entire
equity interest representing 100% of the paid up capital of UMF comprising 229,000,000 ordinary
shares of RM1.00 each for a provisional cash consideration of RM319,414,800 subject to the final
consideration to be based on “Actual Consideration” as defined in the Sale of Shares Agreement.
(ii)
On 2 February 2000, PMBB had obtained the approval from BNM to repay the existing RM50 million
of ESCL granted by Danamodal by way of obtaining an Unsecured Subordinated Loan (“USL”) of
RM15 million from UMG. The USL is qualified as Tier II Capital for the purpose of determining the
capital adequacy ratio of PMBB. Accordingly, PMBB had on 3 February 2000 fully repaid the ESCL to
Danamodal.
117
ADVANCE SYNERGY BERHAD
Notes To The Accounts 31 December 1999
46.
NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
A.
Disposal of a subsidiary company
The fair value of net assets disposed of were as follows :1999
RM’000
1998
RM’000
Fixed assets
Hotel properties
Current assets
Liabilities
Exchange translation adjustment
Minority interests
–
–
–
–
–
–
52,699
245,614
13,749
(111,862)
(7,331)
(15,982)
Less: Reserve arising on consolidation
–
–
176,887
(23,706)
Add: Gain on disposal of a subsidiary company
–
–
153,181
12,386
Net of cash and cash equivalents disposed
–
165,567
B.
During the financial year, the Group acquired fixed assets with an aggregate cost of RM20,127,000
of which RM926,000 was acquired by means of hire purchase. Cash payments of RM19,201,000
were made to purchase the assets.
C.
Acquisition of subsidiary companies and incorporation of unconsolidated subsidiary companies
were as follows :1999
RM’000
D.
118
1998
RM’000
Net assets acquired
Net goodwill on acquisition of subsidiary companies
–
–
5,841
124
Purchase consideration discharged by cash
Less: Cash and cash equivalents acquired
–
–
5,965
(11,439)
Net of cash and cash equivalents acquired
–
(5,474)
Cash and cash equivalents included in the consolidated cash flow statement at the end of the
financial year comprise the following :1999
RM’000
1998
RM’000
Cash and short term funds
Bank overdrafts
646,690
(20,366)
587,718
(100,820)
Cash and cash equivalents as previously reported
Effect of exchange rate changes
626,324
–000
486,898
6,471
626,324
493,369
Laporan Tahunan 1999 Annual Report
Statement by Directors
In the opinion of the directors, the accounts set out on pages 76 to 118 are drawn up in accordance with
applicable approved accounting standards so as to give a true and fair view of :(i)
the state of affairs of the Group and the Company as at 31 December 1999 and their results for the
financial year then ended; and
(ii)
the cash flow of the Group for the financial year ended 31 December 1999.
On behalf of the Board,
DATO’ AHMAD SEBI BAKAR
AZNAN BIN HAJI ISMAIL
)
)
)
DIRECTORS
Kuala Lumpur
25 April 2000
Statutory Declaration
SNG NGIAP KOON
I, ..........................................................,
being the officer primarily responsible for the financial management of
ADVANCE SYNERGY BERHAD, do solemnly and sincerely declare that the accounts set out on pages 76 to 118
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
Kuala Lumpur
this 25 April 2000
)
)
)
)
SNG NGIAP KOON
Before me :TUAN HAJI ALI BIN ISA A.M.N.
No. W 063
COMMISSIONER FOR OATHS
Malaysia
119
ADVANCE SYNERGY BERHAD
Report of The Auditors
to the members of Advance Synergy Berhad
We have audited the accounts set out on pages 76 to 118. The preparation of the accounts is the responsibility
of the 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. Those standards require that we
plan and perform the audit to obtain reasonable assurance about whether the accounts are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures
in the accounts. An audit also includes assessing the accounting principles used and significant estimates
made by the directors, as well as evaluating the overall accounts presentation. We believe that our audit
provides a reasonable basis for our opinion.
In our opinion:(a)
the accounts have been properly drawn up in accordance with applicable approved accounting standards
and the Companies Act, 1965 so as to give a true and fair view of the state of affairs of the Group and the
Company as at 31 December 1999 and of their results and the cash flow of the Group for the financial year
then ended; and
(b)
the accounting and other records and the registers required by the Act to be kept by the Company and its
subsidiary companies for which we have acted as auditors have been properly kept in accordance with the
provisions of the Act.
We have considered the accounts and the Auditors’ Reports of all the subsidiary companies of which we have
not acted as Auditors, as indicated in Note 43 to the Accounts, being accounts which are included in the
consolidated accounts.
We are satisfied that the accounts of the subsidiary companies 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 subsidiary companies which were consolidated were not subject
to any qualification and did not include any comment made under sub-section (3) of Section 174 of the Act.
BDO Binder
AF : 0206
Public Accountants
Siew Kah Toong
1045/3/02 (J)
Partner
Kuala Lumpur
25 April 2000
120
Laporan Tahunan 1999 Annual Report
Statistik Pemegangan Stok Pada 16 Mei 2000
Statistics on Stockholdings As At 16 May 2000
MODAL SAHAM DIBENARKAN
AUTHORISED SHARE CAPITAL
: RM800,000,000 dibahagikan kepada 800,000,000 saham biasa RM1.00 setiap
satu.
: RM800,000,000 divided into 800,000,000 ordinary shares of RM1.00
each.
MODAL DITERBITKAN DAN
DIBAYAR PENUH
ISSUED AND FULLY PAID-UP
CAPITAL
: RM337,793,619 dibahagikan kepada 337,793,619 saham biasa dan ditukarkan kepada unit stok pada RM1.00 setiap satu.
: RM337,793,619 divided into 337,793,619 ordinary shares and converted
into stock units of RM1.00 each.
HAK MENGUNDI
VOTING RIGHT
: 1 undi untuk seunit stok.
: 1 vote per stock unit.
ANALISA PEMEGANGAN STOK
ANALYSIS OF STOCKHOLDINGS
Saiz
pemegangan stok
Size of
stockholdings
Bilangan
pemegang stok
No. of
stockholders
1 – 499
500 – 5,000
5,001 – 10,000
10,001 – 100,000
100,001 – 1,000,000
Melebihi/Above 1,000,000
% pemegang
stok
% of
stockholders
Bilangan
unit stok
No. of
stock units
% modal stok
diterbitkan
% of issued
stock capital
791
26,743
4,700
3,685
193
24
2.19
74.01
13.01
10.20
0.53
0.06
186,429
61,602,660
39,226,200
95,605,906
43,850,105
97,322,319
0.06
18.24
11.61
28.30
12.98
28.81
36,136
100.00
337,793,619
100.00
PEMEGANG-PEMEGANG STOK UTAMA
SUBSTANTIAL STOCKHOLDERS
Nama pemegang-pemegang stok utama
Name of substantial stockholders
Malpac Nominees (Tempatan) Sdn Bhd a & b
Dato’ Ahmad Sebi Bakar
Suasana Dinamik Sdn Bhd
Bright Existence Sdn Bhd
Syarikat Nominee Bumiputra (Tempatan) Sdn Bhd a & c
HLB Nominees (Tempatan) Sdn Bhd a & d
Lim Hong Liang
a
b
c
d
Bilangan unit stok
dipegang atau mempunyai
kepentingan benefisial
No. of stock units
held or beneficially
interested in
Peratusan
stok modal
yang diterbitkan
Percentage
of issued
stock capital
57,997,682
42,471,118
15,912,099
11,539,010
10,603,545
8,607,000
8,410,241
17.17
12.57
4.71
3.42
3.14
2.55
2.49
Sebagai pemegang amanah tanpa kepentingan
As bare trustee
Yang mana 11,539,010 unit stok dipegang untuk Bright Existence Sdn Bhd dan 15,912,099 unit stok dipegang untuk
Suasana Dinamik Sdn Bhd
Of which 11,539,010 stock units are held for Bright Existence Sdn Bhd and 15,912,099 stock units are held for Suasana
Dinamik Sdn Bhd
Yang mana 10,500,000 unit stok dipegang untuk Malpac Securities Sdn Bhd
Of which 10,500,000 stock units are held for Malpac Securities Sdn Bhd
8,607,000 unit stok dipegang untuk Dato’ Ahmad Sebi Bakar
The 8,607,000 stock units are held for Dato’ Ahmad Sebi Bakar
121
ADVANCE SYNERGY BERHAD
Statistik Pemegangan Stok Pada 16 Mei 2000
Statistics on Stockholdings As At 16 May 2000
SENARAI 20 PEMEGANG-PEMEGANG STOK TERBANYAK
LIST OF TOP 20 STOCKHOLDERS
Bilangan unit stok
Number of stock units
Peratusan
Percentage
Malpac Nominees (Tempatan) Sdn Bhd
Pledged securities account for Suasana Dinamik Sdn Bhd
(A0319)
12,475,909
3.69
Syarikat Nominee Bumiputra (Tempatan) Sdn Bhd
Pledged securities account for Malpac Securities Sdn Bhd
(3349 SBAN)
10,500,000
3.11
Malpac Nominees (Tempatan) Sdn Bhd
Pledged securities account for Bright Existence Sdn Bhd
(A0318)
8,909,000
2.64
HLB Nominees (Tempatan) Sdn Bhd
Pledged securities account for Dato’ Ahmad Sebi Bakar
(KLM319-6)
8,607,000
2.55
Lim Hong Liang
6,429,241
1.90
Mayban Nominees (Tempatan) Sdn Bhd
Pledged securities account for Malpac Securities Sdn Bhd
(505019329195)
6,021,982
1.78
Malpac Nominees (Tempatan) Sdn Bhd
Pledged securities account for Eighth Review (M) Sdn Bhd
(A0327)
5,899,397
1.75
Cartaban Nominees (Tempatan) Sdn Bhd
Pledged securities account for Malpac Securities Sdn Bhd
5,800,000
1.72
HDM Nominees (Tempatan) Sdn Bhd
Vickers Ballas & Company Pte Ltd for Malpac Securities
Sdn Bhd
5,000,000
1.48
Chan Sai Kim
4,166,000
1.23
Mayban Finance Berhad
Pledged securities account for Choo Keng Kit
2,751,800
0.82
SJ SEC Nominees (Tempatan) Sdn Bhd
Pledged securities account for Tan Saw Sim
2,510,000
0.74
Tan Kim Wah
2,072,000
0.61
Perbadanan Kemajuan Negeri Kedah
2,013,090
0.60
Malpac Nominees (Tempatan) Sdn Bhd
Megasys Sdn Bhd
1,981,000
0.59
AFFIN-UOB Nominees (Tempatan) Sdn Bhd
Pledged securities account for Siau Teng Chong
1,950,000
0.58
SJ SEC Nominees (Tempatan) Sdn Bhd
Pledged securities account for Chan Sai Kim
1,935,000
0.57
Braham Trading Inc
1,300,000
0.38
Tay Teck Ho
1,300,000
0.38
RHB Nominees (Tempatan) Sdn Bhd
ING Barings South East Asia Ltd for Lim Beng Keat
1,240,200
0.37
92,861,619
27.49
122
Laporan Tahunan 1999 Annual Report
Senarai Harta
Pada 31 Disember 1999
List of Properties As At 31 December 1999
Harta Kumpulan pada 31 Disember 1999 adalah seperti berikut :The properties of the Group as at 31 December 1999 are as follows :-
Lokasi / Location
Keterangan /
Description
Luas
Kawasan /
Land Area
Anggaran
usia
– Tahun /
Approx.
Pemegangan /
age
Tenure
– Years
Nilai Buku
Bersih /
Net Book
Value
(RM’000)
Lot 6064 & 6065
Jalan Haji Abdul Manan
Batu 5 1/2, Jalan Meru
41050 Klang
Selangor Darul Ehsan
Tanah mengandungi :
– Pejabat 3 tingkat
– 4 kilang
– 1 kantin
– Rumah pangsa
pekerja 3 tingkat
Land consist of :
– 3 storey office
– 4 factory buildings
– 1 canteen
– 3 storey workers’ flat
10
ekar/acres
5
Bebas
Perpetual term
12,280
EMR 5568 Lot 2251
Mukim Kapar, Pekan Meru
Klang, Selangor Darul Ehsan
Tanah pertanian
Agricultural land
1/2
ekar/acres
–
Tanah pajakan tamat
pada 2023
Leasehold land
expiring in 2023
30-42, Regency Road
Kilkenny
South Australia, 5009
Tanah industri ringan
beserta pejabat, bilik
pameran dan kilang
Light industry land with
office, showroom and
factory
20,850
m. persegi/
sq. m.
–
Bebas
Perpetual term
CL 135193725
Daerah Keningau
Ulu Patikang, Sabah
Tanah dengan bangsal
balak dan tempat tinggal
pekerja
Land with timber shed
and staff quarters
10.25
ekar/acres
17 1/2
Tanah pajakan tamat
pada 2055
Leasehold land
expiring in 2055
116
CL 135326055
Daerah Keningau
Ulu Patikang, Sabah
Tanah dengan kilang
papan, bangsal balak,
pejabat, tempat tinggal
dan bilik generator
Land with sawmill,
timber shed, office
building, quarters and
generator set room
9.22
ekar/acres
17 1/2
Tanah pajakan tamat
pada 2058
Leasehold land
expiring in 2058
335
Geran No. NT 11362,
NT 11363, NT 11364,
NT 11365 dan
NT 023150843
Daerah Papar
Kampung Lanas, Sabah
Tanah kosong
Vacant land
61
ekar/acres
–
Bebas
Perpetual term
186
Geran No. NT 9320
Daerah Papar
Kampung Kimanis, Sabah
Tanah kosong
Vacant land
11.73
ekar/acres
–
Bebas
Perpetual term
53
48
7,935
123
ADVANCE SYNERGY BERHAD
Senarai Harta
Pada 31 Disember 1999
List of Properties As At 31 December 1999
Anggaran
usia
– Tahun /
Approx.
Pemegangan /
age
Tenure
– Years
Nilai Buku
Bersih /
Net Book
Value
(RM’000)
Keterangan /
Description
Luas
Kawasan /
Land Area
Geran No. CL 025282571
Daerah Papar
Kampung Kimanis, Sabah
Tanah Kosong
Vacant land
19.61
ekar/acres
–
Tanah pajakan tamat
pada 2062
Leasehold land
expiring in 2062
70
Geran No. CL 0135326046
Daerah Keningau
Ulu Patikang, Sabah
Tanah dengan kilang
papan, bangsal balak,
pejabat, tempat tinggal
dan bilik generator
Land with sawmill,
timber shed, office
building, quarters and
generator set room
75.70
ekar/acres
9
Tanah pajakan tamat
pada 2052
Leasehold land
expiring in 2052
1,619
1C, Jalan Air Jernih
23000 Kuala Terengganu
Terengganu Darul Iman
Rumah kedai 3 1/2
tingkat
3 1/2 storey shophouse
111
m. persegi/
sq. m.
15
Bebas
Perpetual term
624
655, Jalan Kota Jaya Luar
Simpang, Taiping
Perak Darul Ridzuan
Rumah kedai 2 tingkat
2 storey shophouse
393
m. persegi/
sq. m.
21
Tanah pajakan tamat
pada 2065
Leasehold land
expiring in 2065
339
30, Jalan Terentang
Rembau
Negeri Sembilan Darul Khusus
Rumah kedai 3 tingkat
3 storey shophouse
201
m. persegi/
sq. m.
15
Bebas
Perpetual term
303
27, Jalan Jejaka Tujuh
Taman Maluri, Jalan Cheras
55100 Kuala Lumpur
Rumah kedai 4 tingkat
4 storey shophouse
205
m. persegi/
sq. m.
14
Tanah pajakan tamat
pada 2076
Leasehold land
expiring in 2076
838
AG 9495
Jalan Simpang Empat
78000 Alor Gajah, Melaka
Rumah kedai 3 tingkat
3 storey shophouse
149
m. persegi/
sq. m.
15
Bebas
Perpetual term
240
61-62, Jalan Ibrahim
80000 Johor Bahru
Johor Darul Takzim
Rumah kedai 4 tingkat
4 storey shophouse
190
m. persegi/
sq. m.
9
Bebas
Perpetual term
1,652
87-88, Jalan Rahmat
83000 Batu Pahat
Johor Darul Takzim
Rumah kedai 4 tingkat
4 storey shophouse
307
m. persegi/
sq. m.
17
Bebas
Perpetual term
1,160
753, Jalan Taib
Pontian Kecil
Johor Darul Takzim
Rumah kedai 3 tingkat
3 storey shophouse
184
m. persegi/
sq. m.
16
Bebas
Perpetual term
642
No. 62, Jalan SS 2/60
47300 Petaling Jaya
Selangor Darul Ehsan
Rumah kedai 3 tingkat
3 storey shophouse
211
m. persegi/
sq. m.
19
Bebas
Perpetual term
1,544
80 & 82, Jalan Bendahara
75100 Melaka
Rumah kedai 4 1/2
tingkat
4 1/2 storey shophouse
569
m. persegi/
sq. m.
14
Bebas
Perpetual term
2,308
Lokasi / Location
124
Laporan Tahunan 1999 Annual Report
Senarai Harta
Pada 31 Disember 1999
List of Properties As At 31 December 1999
Luas
Kawasan /
Land Area
Anggaran
usia
– Tahun /
Approx.
Pemegangan /
age
Tenure
– Years
Nilai Buku
Bersih /
Net Book
Value
(RM’000)
Lokasi / Location
Keterangan /
Description
No. 2, Jalan Muthupalaniappa
Bukit Mertajam, Seberang Prai
Pulau Pinang
Rumah kedai 4 1/2
tingkat
4 1/2 storey shophouse
521
m. persegi/
sq. m.
15
Bebas
Perpetual term
No. 1, Jalan Bidor Raya
Off Jalan Persatuan
35000 Bidor
Perak Darul Ridzuan
Rumah kedai 3 tingkat
3 storey shophouse
301
m. persegi/
sq. m.
20
Tanah pajakan tamat
pada 2080
Leasehold land
expiring in 2080
676
Fasa 7A 2
Bukit Rahman Putra
Sungai Buloh
Selangor Darul Ehsan
Rumah kedai 3 tingkat
berserta besmen
3 storey shophouse
plus sub-basement
153
m. persegi/
sq. m.
2
Bebas
Perpetual term
801
1552, Jalan Kota
05000 Alor Setar
Kedah Darul Aman
Rumah kedai 3 1/2
tingkat
3 1/2 storey shophouse
94
m. persegi/
sq. m.
29
Tanah pajakan tamat
pada 2029
Leasehold land
expiring in 2029
470
Sri Dagangan Kuantan
Business Centre, (Phase 2)
Jalan Tun Ismail
25000 Kuantan
Pahang Darul Makmur
Rumah kedai 3 tingkat
3 storey shophouse
130
m. persegi/
sq. m.
3
Bebas
Perpetual term
718
No. 202A-3, Jalan Burmah
10250 Pulau Pinang
Bangunan pejabat 4
tingkat
4 storey office
861
m. persegi/
sq. m.
7
Bebas
Perpetual term
3,132
No. 55, Bandar Baru
Rumah kedai 2 tingkat
Fasa 2, Daerah Kuala Kangsar 2 storey shophouse
Kuala Kangsar
Perak Darul Ridzuan
123
m. persegi/
sq. m.
8
Tanah pajakan tamat
pada 2083
Leasehold land
expiring in 2083
Lot 23 & 24, Sek 87
Jalan Tun Razak
Mukim Kuala Lumpur
Tanah kosong
Vacant land
3,518
m. persegi/
sq. m.
H.S. (D) 1716 / 90
PT 26 Sek 5
Bandar Alor Setar
Kedah Darul Aman
Bangunan pejabat 4
tingkat
4 storey office building
249
m. persegi/
sq. m.
14
Tanah pajakan tamat
pada 2076
Leasehold land
expiring in 2076
792
H.S. (D) 41 / 1975 Plot 41
Kubang Pasu, Jitra
Kedah Darul Aman
Rumah kedai 2 tingkat
Double-storey
shophouse
166
m. persegi/
sq. m.
13
Bebas
Perpetual term
214
H.S. (D) 4592, Lot No. 94
Kawasan Bandar
Daerah Melaka Tengah
Melaka
Rumah kedai 3 tingkat
3 storey shophouse
226
m. persegi/
sq. m.
5
Tanah pajakan tamat
pada 2075
Leasehold land
expiring in 2075
595
H.S. (D) No. 45001
P.T. No. 42252, Pandamaran
Daerah Kelang, Klang
Selangor Darul Ehsan
Rumah kedai 4 tingkat
4 storey shophouse
139
m. persegi/
sq. m.
3
Bebas
Perpetual term
681
Belum di- Bebas
bangunkan Perpetual term
Pending
development
3,504
235
17,394
125
ADVANCE SYNERGY BERHAD
Senarai Harta
Pada 31 Disember 1999
List of Properties As At 31 December 1999
Lokasi / Location
Keterangan /
Description
Luas
Kawasan /
Land Area
Anggaran
usia
– Tahun /
Approx.
Pemegangan /
age
Tenure
– Years
Nilai Buku
Bersih /
Net Book
Value
(RM’000)
Sadong Jaya, Karamunsing
Daerah Kota Kinabalu
Tanah dengan 11 unit
rumah kedai 4 tingkat
Land with 11 units 4
storey shophouses
1,182
m. persegi/
sq. m.
11
Tanah pajakan tamat
pada 2901
Leasehold land
expiring in 2901
7,591
Sadong Jaya, Karamunsing
Daerah Kota Kinabalu
Tanah kosong dipegang
untuk pembangunan
akan datang
Vacant land held for
future development
4,667
m. persegi/
sq. m.
–
Tanah pajakan tamat
pada 2901
Leasehold land
expiring in 2901
7,825
Lot 866, Seksyen 64
Kuching, Town Land District
Sarawak
Tanah kosong
Vacant land
2,792
m. persegi/
sq. m.
–
Tanah pajakan tamat
pada 2922
Leasehold land
expiring in 2922
327
Lot 867 & 1571, Seksyen 64
Kuching, Town Land District
Sarawak
Tanah kosong
Vacant land
7,486
m. persegi/
sq. m.
–
Tanah pajakan tamat
pada 2922
Leasehold land
expiring in 2922
5,564
Lot 6344, Seksyen 65
Kuching, Town Land District
Sarawak
Tanah dipegang untuk
pembangunan kediaman
dan komersil
Land held for residential
& commercial
development
39.70
ekar/acres
58
Tanah pajakan tamat
pada 2040
Leasehold land
expiring in 2040
18,695
Lot 6299, Seksyen 65
Kuching, Town Land District
Sarawak
Tanah dipegang untuk
pembangunan kediaman
dan komersil
Land held for
residential &
commercial
development
51.95
ekar/acres
68
Tanah pajakan tamat
pada 2030
Leasehold land
expiring in 2030
13,339
Lot 6283, Seksyen 65
Kuching, Town Land District
Sarawak
Tanah dipegang untuk
pembangunan kediaman
dan komersil
Land held for
residential &
commercial
development
4.87
ekar/acres
58
Tanah pajakan tamat
pada 2040
Leasehold land
expiring in 2040
4,404
Lot 6162, 6171-6177
Seksyen 65, Kuching
Town Land District, Sarawak
8 bidang tanah kosong
untuk pembangunan
kediaman
8 parcels of vacant
detached land held for
residential development
1.69
ekar/acres
1 1/2
Tanah pajakan tamat
pada 2058
Leasehold land
expiring in 2058
807
Lot 3842 dan 3843
Seksyen 65, Kuching
Town Land District, Sarawak
Bangunan teres 2
tingkat untuk tujuan
komersil dan kediaman
2 storey terraced
building for commercial
and residential
purposes
0.03
ekar/acres
11
Tanah pajakan tamat
pada 2048
Leasehold land
expiring in 2048
600
126
Laporan Tahunan 1999 Annual Report
Senarai Harta
Pada 31 Disember 1999
List of Properties As At 31 December 1999
Lokasi / Location
Keterangan /
Description
Luas
Kawasan /
Land Area
Anggaran
usia
– Tahun /
Approx.
Pemegangan /
age
Tenure
– Years
Tanah pajakan tamat
pada 2093
Leasehold land
expiring in 2093
Nilai Buku
Bersih /
Net Book
Value
(RM’000)
PT 754, Mukim Rasa
Daerah Ulu Selangor
Selangor Darul Ehsan
Gudang, loji dan
bangunan pejabat
Warehouse, plant and
office building
25
ekar/acres
4 1/2
33,837
Geran Mukim 210
Lot 1762, Mukim Batang Kali
Daerah Ulu Selangor
Selangor Darul Ehsan
Tanah kosong
Vacant land
2
ekar/acres
–
Bebas
Perpetual term
276
GM1126 Lot 1301,
GM424 Lot 1302,
GM857 Lot 1303,
GM405 Lot 1305,
HS(M) 1096 PT 1300 &
HS(M) 1082 PT 1303
Mukim Sungai Karang
Cherating
Pahang Darul Makmur
Tanah dengan hotel,
kemudahan rekreasi,
restoran dan blok
apartmen
Land with hotel,
recreational facilities,
restaurants and
apartment block
15
ekar/acres
6 1/2-12
Bebas
Perpetual term
22,787
CT 1320 Lot No. 2735
Mukim Kuala Kuantan
Cherating
Pahang Darul Makmur
Tanah kosong
Vacant land
16
ekar/acres
–
Bebas
Perpetual term
179
Lot 1901, 1902, 1698, 1699
& PT 344
Mukim Kedawang
Kedah Darul Aman
Tanah dengan hotel,
kemudahan rekreasi dan
restoran
Land with hotel,
recreational facilities
and restaurants
13.20
ekar/acres
7
Bebas
Perpetual term
47,110
Lot 1093 Mukim Semiling
Daerah Kuala Muda
Kedah Darul Aman
Tanah kosong
Vacant land
20
ekar/acres
–
Bebas
Perpetual term
228
Geran 85, Lot 2034
69, Jalan Haji Hussein
50300 Kuala Lumpur
Tanah dengan
bangunan komersil 18
tingkat
Land with 18 storey
commercial building
3,214
m. persegi/
sq. m.
24
Bebas
Perpetual term
33,434
H.S. (D) 1100 / 1985
Geran 7040, Lot 162
Bandar Alor Setar
Daerah Kota Setar
Kedah Darul Aman
Tanah dengan hotel,
kemudahan rekreasi dan
restoran
Land with hotel,
recreational facilities
and restaurants
6,882
m. persegi/
sq. m.
4
Tanah pajakan tamat
pada 2093
Leasehold land
expiring in 2093
29,736
Pavilion Hotel
35-39 Leinster Garden
London W2 3AR
Premis hotel
Hotel premises
990
m. persegi/
sq. m.
149
Bebas
Perpetual term
46,575
127
Borang Proksi
Proxy Form
Saya/Kami
I/We
.............................................................................................................................................................................
(Huruf Besar/Block Letters)
dari
of
...............................................................................................................................................................................................
sebagai Ahli/Ahli-ahli ADVANCE SYNERGY BERHAD dengan ini melantik
being a Member/Members of ADVANCE SYNERGY BERHAD hereby appoint
..................................................................................................................................................................................................
dari
of
............................................................................................................................................................................................
atau jika beliau tidak dapat hadir, PENGERUSI MESYUARAT sebagai proksi saya/kami dan bagi pihak saya/kami pada
Mesyuarat Agung Tahunan Syarikat yang akan diadakan di Dewan Thai, City Villa Kuala Lumpur, 69 Jalan Haji Hussein,
50300 Kuala Lumpur pada hari Isnin, 26 Jun 2000, jam 10.30 pagi dan pada sebarang penangguhannya, dan untuk mengundi
seperti yang dinyatakan di bawah:or failing him, THE CHAIRMAN OF THE MEETING as my/our proxy to vote for me/us and on my/our behalf at the Annual
General Meeting of the Company to be held at the Dewan Thai, City Villa Kuala Lumpur, 69 Jalan Haji Hussein, 50300
Kuala Lumpur on Monday, 26 June 2000 at 10.30 a.m. and at any adjournment thereof, and thereat to vote as indicated
below:Sila tanda dengan ( P ) sebagaimana anda mahu undi anda diundi.
Please indicate with ( P ) how you wish your vote to be cast.
BIL.
NO.
RESOLUSI
RESOLUTION
MENYOKONG
FOR
1.
Meluluskan Laporan Para Pengarah dan Akaun bagi tahun berakhir
31 Disember 1999.
The adoption of the Directors’ Report and the Accounts for the year
ended 31 December 1999.
2.
Untuk meluluskan pembayaran fi Para Pengarah.
To approve the payment of Directors’ fees.
3.
Pelantikan semula Para Pengarah :The re-election of Directors :-
MENENTANG
AGAINST
MASRI KHAW BINTI ABDULLAH
SNG CHONG KHIAN
4.
Pelantikan semula BDO Binder sebagai juruaudit dan memberi
kuasa kepada Para Pengarah untuk menetapkan imbuhan mereka.
The re-appointment of BDO Binder as auditors and to authorise
the Directors to fix their remuneration.
5.
Pemberian kuasa kepada Para Pengarah untuk memperumpuk dan
menerbitkan unit-unit stok baru selaras dengan Seksyen 132D
Akta Syarikat, 1965.
Authorisation for Directors to allot and issue new stock units pursuant to
Section 132D of the Companies Act, 1965.
Bertarikh
Dated this
haribulan
day of
2000.
Bilangan unit stok dipegang
No. of stock units held
..........................................................
Tandatangan / Signature
Nota:
Notes:
(1) Seorang ahli Syarikat yang layak untuk menghadiri dan mengundi dalam
mesyuarat agung layak untuk melantik seorang proksi untuk menghadiri dan
mengundi bagi pihak dirinya. Seorang proksi tidak semestinya seorang ahli
Syarikat.
(1) A member of the Company entitled to attend and vote at the general meeting is
entitled to appoint a proxy to attend and vote in his/her stead. A proxy need not
be a member of the Company.
(2) Instrumen pelantikan proksi bagi individu hendaklah ditandatangani oleh pelantik
atau peguamnya yang telah diberi kuasa dan bagi syarikat, instrumen pelantikan
proksi mestilah dengan menggunakan meterai syarikat atau ditandatangani
oleh seorang pegawai atau peguam yang telah diberi kuasa.
(3) Bagi pemegang bersama, borang proksi yang ditandatangani oleh penama
pertama pemegang stok di dalam Daftar Ahli akan diterima sebagai mewakili
pemegang bersama unit stok lain.
(4) Instrumen pelantikan proksi mesti dihantar ke Pejabat Berdaftar Syarikat di
Paras 29, Menara Shahzan Insas, 30 Jalan Sultan Ismail, 50250 Kuala Lumpur
tidak lewat daripada 48 jam sebelum masa yang ditetapkan untuk mengadakan
mesyuarat atau sebarang penangguhannya.
(5) Jika tidak dinyatakan sama ada untuk mengundi “MENYOKONG” atau
“MENENTANG”, proksi akan mengundi atau berkecuali daripada mengundi
mengikut budi bicaranya.
(2) The instrument appointing a proxy in the case of an individual shall be signed
by the appointer or his/her attorney duly authorised and in the case of a corporation, the instrument appointing a proxy must be under its common seal or
under the hand of an officer or attorney duly authorised.
(3) In the case of joint holders, the proxy form signed by the first named stockholder in the Register of Members shall be accepted to the exclusion of the
other registered joint holder(s) of the stock units.
(4) The instrument appointing a proxy must be deposited at the Registered Office
of the Company at Level 29, Menara Shahzan Insas, 30 Jalan Sultan Ismail,
50250 Kuala Lumpur not less than 48 hours before the time appointed for holding the meeting or any other adjournment thereof.
(5) If neither “FOR” nor “AGAINST” is indicated above, the proxy will vote or
abstain from voting at his/her discretion.
SETIAUSAHA
THE SECRETARY
ADVANCE SYNERGY BERHAD
LEVEL 29, MENARA SHAHZAN INSAS
30, JALAN SULTAN ISMAIL
50250 KUALA LUMPUR
MALAYSIA