LAPORAN
2002
laporan tahunan • a n n u a l r e p o r t
TA H U N A N
A written instrument legally executed by which a man makes disposition of his estate to take effect after his demise.
Suatu dokumen sah yang membolehkan seseorang membuat peraturan mengenai pembahagian harta selepas meninggal dunia.
2002
ANNUAL
REPORT
AMANAH
(Co. Reg No. 344986-V)
BERHAD
Tingkat 10, Wisma Amanah Raya Berhad, No 15 Jalan Sri Semantan 1,
Off Jalan Semantan, Bukit Damansara, 50508 Kuala Lumpur, Malaysia.
Tel: +6(03) 2096 1000, 2095 9933, 2095 3232 Faks: +6(03) 2095 2704
E-Mel: sales@arb.com.my Laman Web: www.arb.com.my
RAYA
AMANAH RAYA BERHAD
Rakan Amanah Anda
O n e ’s c o l l e c t i v e a s s e t s a n d l i a b i l i t i e s .
Kesemua aset dan liabiliti terkumpul.
F i r m b e l i e f i n t h e h o n e s t y, v e r a c i t y, j u s t i c e , s t r e n g t h o f s o m e o n e o r s o m e t h i n g .
Pegangan kukuh kepada kejujuran, kebenaran, keadilan, kekuatan seseorang atau benda.
2002
laporan tahunan • annual report
Kandungan
Contents
1
Notis Mesyuarat Agung Tahunan Ketujuh
Notice of the Seventh Annual General Meeting
2
Maklumat Korporat
Corporate Information
3
Struktur Korporat
Corporate Structure
4
Profil Korporat
Corporate Profile
9
Detik-detik Kejayaan
Milestones
10
Lembaga Pengarah
Board of Directors
13
Pengurusan Kanan
Senior Management
17
Rangkaian Cawangan ARB
ARB’s Branch Network
18
Terma Rujukan Jawatankuasa Audit dan Pemeriksaan
Terms of Reference of the Audit and Review Committee
20
Struktur Organisasi
Organisation Structure
21
Ringkasan 5 Tahun Kewangan Korporat
5 Year Corporate Financial Highlights
22
Perutusan Pengerusi
Message from the Chairman
26
Dari Meja Pengarah Urusan
From the Desk of the Managing Director
RASIONAL / RATIONALE
Menjamin kesejahteraan kewangan bagi
keluarga dan badan korporat
Providing Financial Security for Families
and Corporations
Selama 81 tahun, ARB telah membina
nama yang cemerlang sebagai penjaga dan
pelindung aset-aset orang perseorangan
dan korporat. Khidmat yang fleksibel dan
pelbagai menjadi teras kejayaan ini.
Serentak itu, ARB memainkan peranan
yang penting dalam masyarakat.
Satu-satunya institusi peramanahan yang
unggul di negara, ARB bertanggungjawab
mewujudkan kesedaran dan pemahaman
mendalam mengenai amanah, wasiat dan
pentadbiran harta pusaka. Kami percaya
bahawa
khidmat
ARB
memberi
kesejahteraan kewangan dan mengeratkan
lagi perpaduan keluarga.
Imej pada kulit laporan melambangkan
dedikasi ARB dalam usaha menyediakan
kesejahteraan kewangan kepada pelanggan
perseorangan dan korporat. Penggunaan
catatan kamus yang kreatif sebagai
latarbelakang melambangkan peranan ARB
sebagai sumber pengetahuan bagi
peramanahan, wasiat dan perkhidmatan
pengurusan harta pusaka.
For 81 years, Amanah Raya Berhad has
built a stellar reputation as a guardian and
protector of personal and corporate assets.
Our versatility and flexibility enable us to
service a wide spectrum of clients, both
retail and corporate.
Simultaneously, we play a significant role in
society. As the nation's pre-eminent trust
institution, ARB is cardinally responsible for
creating a mass awareness and in-depth
understanding of trusts, wills and estate
administration. We believe that our services
help create financial security, which
directly contributes to family togetherness.
Objects on the cover denote ARB's
dedication to providing financial security
for both families and corporate clients.
Similarly, the background use of stylised
dictionary entries symbolises ARB's role as
a source of knowledge for specialised trust,
wills and estate administration services.
AMANAH
R AYA
BERHAD
Penyata Kewangan Statutori
Statutory Financial Statements
29
Penyata Kewangan Statutori
Statutory Financial Statements
30
Laporan Pengarah
Directors’ Report
34
Kenyataan Pengarah
Directors’ Statement
35
Laporan Juruaudit
Auditors’ Report
36
Penyata Pendapatan
Income Statement
37
Kunci Kira-Kira
Balance Sheet
38
Penyata Perubahan Ekuiti
Statement of Changes in Equity
40
Penyata Aliran Tunai
Cashflow Statement
41
Nota Kepada Penyata Kewangan
Notes to the Financial Statements
2002
laporan tahunan • annual report
Notis Mesyuarat Agung Tahunan Ketujuh
Notice of the Seventh Annual General Meeting
DENGAN INI ADALAH DIBERITAHU bahawa Mesyuarat
Agung Tahunan Ketujuh AMANAH RAYA BERHAD akan
diadakan di Bilik Mesyuarat Lembaga Pengarah Amanah
Raya Berhad, Tingkat 5, Dewan Sri Mutiara, Wisma Amanah
Raya Berhad, No.15, Jalan Sri Semantan 1, Off Jalan
Semantan, 50508 Kuala Lumpur pada hari Selasa, 31
Disember 2002 mulai jam 10.00 pagi untuk
mempertimbangkan perkara-perkara berikut:
NOTICE IS HEREBY GIVEN that the Seventh Annual General
Meeting of AMANAH RAYA BERHAD will be held at the
Board Room of Amanah Raya Berhad, 5th Floor, Dewan Sri
Mutiara, Wisma Amanah Raya Berhad, No.15, Jalan Sri
Semantan 1, Off Jalan Semantan, 50508 Kuala Lumpur on
Tuesday, 31 December 2002 at 10.00 a.m. to transact the
following business:
AGENDA
AGENDA
SEBAGAI HAL-HAL BIASA
Resolusi-Resolusi Biasa
1. Untuk menerima Akaun yang telah diaudit bagi tahun
kewangan berakhir 31 Julai 2002 serta Laporan PengarahPengarah dan Laporan Juruaudit.
(Resolusi 1)
2. Untuk mengisytiharkan kadar dividen terakhir sebanyak
10% bagi tempoh 31 Julai 2002.
(Resolusi 2)
3. Untuk meluluskan yuran dan ganjaran PengarahPengarah.
(Resolusi 3)
4. Untuk melantik semula PricewaterhouseCoopers sebagai
Juruaudit Syarikat dan memberi kuasa kepada Lembaga
Pengarah untuk menetapkan ganjaran mereka.
(Resolusi 4)
5. Membincangkan perkara-perkara lain yang mana notis
yang sepatutnya telah diberikan menurut Akta Syarikat,
1965.
(Resolusi 5)
AS ORDINARY BUSINESS
Ordinary Resolutions
1. To receive and adopt the Audited Accounts for the
financial year ended 31 July 2002 including the Reports of
the Directors and Auditors thereon.
(Resolution 1)
2. To approve the declaration of a final dividend of 10%, less
income tax in respect of the financial year ended 31 July
2002.
(Resolution 2)
3. To approve the Directors’ fees and remuneration.
(Resolution 3)
4. To re-appoint PricewaterhouseCoopers as Auditors of the
Company and to authorise the Board of Directors to fix their
remuneration.
(Resolution 4)
5. To transact any other business of which due notice shall
have been given in accordance with the Companies Act,
1965.
(Resolution 5)
BY ORDER OF THE BOARD
DENGAN PERINTAH LEMBAGA PENGARAH
ZAINUL ABIDIN HJ AHMAD (LS0005492)
Setiausaha Syarikat
Kuala Lumpur
24 Oktober 2002
ZAINUL ABIDIN HJ AHMAD (LS0005492)
Company Secretary
Kuala Lumpur
24 October 2002
Note:
Perhatian:
1. Seorang ahli yang berhak menghadiri dan mengundi di Mesyuarat
adalah berhak melantik seorang proksi untuk hadir dan mengundi
bagi pihaknya.
2. Seorang proksi tidak semestinya seorang ahli Syarikat, seorang
Peguambela, seorang Juruadit syarikat yang diluluskan mahupun
seorang yang diluluskan oleh Pendaftar Syarikat.
3. Suratcara perlantikan proksi mestilah ditandatangani oleh
pelantik atau wakilnya yang telah diberikuasa secara bertulis.
Sekiranya pelantik adalah sebuah perbadanan, suratcara perlantikan
proksi hendaklah disempurnakan di bawah meteri syarikat atau
ditandatangani oleh pegawai atau wakil yang diberikuasa berbuat
demikian.
1. A member of the Company entitled to attend and vote at this
meeting is entitled to appoint a proxy to attend and vote in his stead.
2. A proxy may but need not be a member of the Company, an
advocate, an approved Company auditor or a person approved by
the Registrar.
3. The instrument appointing a proxy shall be in writing under the
hand of the appointor or his/her attorney duly authorised in writing
or, if the appointor is a corporation, either under its common seal or
under the hand of an officer or attorney duly authorised.
4. The instrument appointing a proxy must be deposited at the
registered office of the Company not less than 48 hours before the
time appointed for holding the meeting.
4. Suratcara perlantikan proksi mestilah sampai kepada Setiausaha
Syarikat di Pejabat Berdaftar tidak kurang dari 48 jam sebelum masa
yang ditetapkan untuk mengadakan mesyuarat.
AMANAH
R AYA
BERHAD
1
2002
laporan tahunan • annual report
Maklumat Korporat
Corporate Information
LEMBAGA PENGARAH / BOARD OF DIRECTORS
Dato’ Sukri bin Haji Mohamed
(Pengerusi)
(Pengarah Bebas Bukan Eksekutif)
(Chairman)
(Independent Non-Executive Director)
Izham bin Yusoff
(Pengarah Urusan/Ketua Pegawai Eksekutif)
{Pengarah Eksekutif Bukan Bebas)
(Dilantik 1 Ogos 2002)
(Managing Director/Chief Executive Officer)
(Non-Independent Executive Director)
(Appointed w.e.f. 1 August 2002)
Mohamed Bazain bin Haji Idris
(Pengarah Bukan Bebas Bukan Eksekutif)
(Non-Independent Non-Executive Director)
Datin Hajjah Fauziah binti Haji Mohd Ramly
(Pengarah Bukan Bebas Bukan Eksekutif)
(Non-Independent Non-Executive Director)
Hj Ab Gani bin Haron
(Pengarah Bukan Bebas Bukan Eksekutif)
(Dilantik 17 Januari 2002)
(Non-Independent Non-Executive Director)
(Appointed w.e.f. 17 January 2002)
SETIAUSAHA SYARIKAT / COMPANY SECRETARY
Zainul Abidin bin Haji Ahmad (LS0005492)
(Dilantik 4 Februari 2002)
(Appointed 4 February 2002)
Hasnita binti Sulaiman (LS007966)
(Meletak jawatan 31 Disember 2001)
(Resigned w.e.f. 31 December 2001)
JURUAUDIT / AUDITOR
PRICEWATERHOUSECOOPERS
Tingkat 11, Wisma Sime Darby,
Jalan Raja Laut,
50350 Kuala Lumpur, Malaysia.
PEJABAT BERDAFTAR & IBU PEJABAT /
REGISTERED OFFICE & HEADQUARTERS
Datin Aminah binti Pit Abd Raman
(Pengarah Bebas Bukan Eksekutif)
(Dilantik 1 Ogos 2002)
(Independent Non-Executive Director)
(Appointed w.e.f. 1 August 2002)
AMANAH RAYA BERHAD
Tingkat 10, Wisma Amanah Raya Berhad,
No. 15 Jalan Sri Semantan 1,
Off Jalan Semantan,
50508 Kuala Lumpur, Malaysia.
Ahmad Kamal bin Abdullah Al-Yafii
(Pengarah Bebas Bukan Eksekutif)
(Dilantik 1 Ogos 2002)
(Independent Non-Executive Director)
(Appointed w.e.f. 1 August 2002)
Tel : 603 - 2095 3232
Faks : 603 - 2095 3311
URL : www.arb.com.my
BANK UTAMA / PRINCIPAL BANKER
MALAYAN BANKING BERHAD
Tingkat Bawah, Wisma PKNS,
Jalan Raja Laut Tambahan,
50350 Kuala Lumpur, Malaysia.
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R AYA
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2002
laporan tahunan • annual report
Struktur Korporat
Corporate Structure
Amanah
Raya
Berhad
Amanah
Raya
Nominees
(Tempatan)
Sdn Bhd
100%
99.99% - Menteri Kewangan DiPerbadankan
(MOF Inc)
0.01% -
Pesuruhjaya Tanah Persekutuan
DiPerbadankan
ARB
Hartanah
Sdn Bhd
Amanah
Raya
Capital
Sdn Bhd
Amanah
Raya
Asset
Management
Sdn Bhd
100%
100%
100%
AMANAH
R AYA
BERHAD
3
2002
laporan tahunan • annual report
• Sebagai perbadanan milik-penuh kerajaan, ARB menawarkan jaminan dan
kebolehpercayaan maksimum.
• Sebagai institusi pengamanahan yang tertua dan terkenal, ARB mempunyai
pengalaman selama lapan puluh tahun yang berteraskan profesionalisma,
kepakaran dan ketrampilan.
• ARB menawarkan perkhidmatan pengamanahan dan pusaka yang menyeluruh,
dibentuk bagi memenuhi keperluan individu dan pelanggan korporat.
• ARB menyediakan penyelesaian komprehensif di pusat perkhidmatan bersepadu
dan setempat, menjimatkan masa dan pelanggan tidak perlu berurus dengan
lain-lain pembekal perkhidmatan.
• Dengan lapan belas cawangan yang bersistem komputer di seluruh negara, ARB
menyediakan perkhidmatan yang efisien kepada semua pelanggan.
• Kami menetapkan fee pada kadar yang berpatutan sejajar dengan kemampuan
pelanggan.
• Jawatankuasa Pelaburan ARB yang profesional menguruskan semua aset
amanah secara berhemah. Sejak 1995, ARB telah membayar dividen tahunan
sebanyak 5 – 8 peratus atas semua pelaburan wang amanah.
Corporate Profile
Profil Korporat
Kelebihan ARB
Menjamin Kekukuhan Kewangan Anda
Safeguarding your Financial Security
Dalam tempoh masa lebih lapan puluh tahun,
Amanah Raya Berhad telah memainkan peranan
penting melindungi aset orang awam.
Kini, kami menawarkan perkhidmatan pengurusan
amanah dan pusaka yang menyeluruh dan
bersepadu kepada individu dan pihak syarikat.
Matlamat utama ARB adalah menyediakan
kedudukan kewangan keluarga yang kukuh.
Melalui sistem pengurusan pusaka, kami membantu
anda merancang serta melindungi aset, membuat
wasiat, dan menubuhkan dana amanah agar yang
tersayang terpelihara semasa dan sesudah hayat
anda.
Perkhidmatan Amanah Raya Berhad diyakini dapat
memberi
kesejahteraan,
ketenangan
dan
ketenteraman hidup dan menjaga ikatan
kekeluargaan yang erat.
Perniagaan juga mendapat faedah daripada
perkhidmatan amanah korporat yang dibentuk
untuk
melindungi
kepentingan
pelaburan
pemegang saham.
Perkhidmatan Peribadi
Khidmat pengurusan pusaka komprehensif yang ditawarkan ARB akan
menyelesaikan masalah pengurusan harta dan aset, serta menjamin
kesejahteraan kewangan bagi keluarga dan benefisiari anda.
Kini, ARB adalah syarikat peramanahan unggul.
Sebagai pemegang amanah dan penjaga kepada
lebih 50 dana saham amanah dengan nilai aset
RM42 bilion, ARB melindungi dan mengawasi
pelaburan berjuta-juta pelabur.
Penyelesaian bersepadu merangkumi penubuhan dan kawal-selia
akaun-akaun amanah individu, penyediaan dan penyimpanan
wasiat serta bertindak sebagai wasi bagi harta anda.
ARB merupakan juga pemegang amanah bagi
instrumen kewangan seperti debentur, bon dan
saham pinjaman korporat. Matlamat kami ialah
melindungi pihak yang memberi pinjaman.
Oleh itu, samada anda perlukan perlindungan
untuk aset anda ataupun hutang, hubungilah ARB.
Keselamatan, keupayaan, kemewahan
kesejahteraan minda. Pilihlah ARB.
4
AMANAH
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dan
Fee kami yang berpatutan dan kompetitif tidak membebankan
pelanggan dalam usaha mereka melindungi kebajikan ahli keluarga
dan menjamin kesejahteraan.
Buat masa kini, ARB menawarkan dividen tahunan sebanyak
5
peratus bagi semua modal yang dilaburkan dalam akaun-akaun
amanah.
Akaun Amanah
Melalui sebuah akaun amanah, Penderma boleh mengadakan dana
yang terletakhak atas ARB sebagai pemegang amanah. Penderma
boleh mengamanahkan harta-harta mereka kepada ARB. Aset-aset
2002
laporan tahunan • annual report
ARB’s Advantages
• As a government-owned corporation, ARB offers maximum
reliability and security.
• As the country’s oldest and most eminent trust institution, ARB
has amassed over eighty years of experience, and built a core
of professional expertise and specialized skills.
• ARB offers a holistic spectrum of trust and legacy services,
designed to meet the varying needs of both individual and
corporate clients.
• ARB provides end-to-end solutions at our one-stop service
centers, saving clients the time and hassle of dealing with
different service providers.
• With eighteen fully-computerised branches throughout the
nation, ARB delivers its services efficiently to all customers.
• We maintain our fees at competitive levels, ensuring
affordability for our customers.
• ARB’s professional investment committee manages all trust
assets prudently. Since 1996, ARB has paid a yearly
dividend ranging from 5 – 8 per cent p.a. on all monies
invested in our trust accounts.
Since the past eighty years, Amanah Raya Berhad (ARB) has been
playing a significant role in protecting the assets of the people.
Today, we provide a holistic range of trust and legacy
management services to individuals and companies.
At ARB, our paramount goal is to weave a blanket of financial
security for families. Through our legacy management system, we help
you plan and protect assets, write wills and create trusts to ensure that
your loved ones are provided for, during and after your lifetime. We
help you leave a legacy of prosperity and wealth for your loved ones.
And we help you attain peace of mind, knowing that your
dependents will enjoy uninterrupted financial security.
Gambar-gambar amat bermakna (dari kiri ke kannan):
Pictures tell a thousand words (from left to right):
Perniagaan juga mendapat faedah daripada perkhidmatan amanah
korporat yang dibentuk untuk melindungi pelaburan pemegang
saham.
Businesses benefit from ARB’s corporate trustee services, which are
designed to protect shareholders’ interests.
Khidmat komprehensif ARB menjamin kesejahteraan kewangan bagi
keluarga dan benefisiari anda, tidak kira yang tua atau yang muda.
Our end-to-end solutions assure financial security for your family and
beneficiaries, young and old.
EDUCARE menggalakkan ibu-bapa, datuk-nenek ataupun penjaga
menabung wang dengan teratur untuk membentuk dana pendidikan
atau sara hidup untuk anak-anak ataupun cucu-cicit.
Through EDUCARE’s regular scheme of savings, parents, grandparents
and guardians can set aside sums of money for the education and
care of future generations.
Ajar sikecil menabung. Sebagai peneraju perkhidmatan
pengamanahan dan perlindungan kewangan, ARB menggalak rakyat
menyimpan untuk hari muka.
Teach the young to save. As the leader in trust services and financial
security, ARB is actively working to galvanise national savings.
ARB is also a trustee for debt instruments such as
debentures, bond issues, and corporate loan stocks.
Our ultimate aim is to protect the interests of
lenders.
So, whether you want to protect your assets or your
debts, you can turn to ARB.
Security. Reliability. Prosperity. Peace of mind. Trust
in us.
Businesses also benefit from ARB’s corporate trustee services, which
are designed to protect stakeholders’ interests.
Personal Services
Through our comprehensive legacy management
service, ARB offers end-to-end solutions for
managing your wealth and assets, assuring financial
security for your family and beneficiaries.
Currently, ARB is the market leader in providing trustee services for
unit trusts. As trustee and custodian for over 52 unit trust funds with
a net asset value of RM42 billion, ARB protects the interests of millions
of unit trust owners by monitoring management and investments.
Our integrated solutions encompass setting up and
maintaining individual trust accounts, preparing and
safekeeping wills, and acting as executor for your
estate in the event of your demise.
AMANAH
R AYA
BERHAD
5
2002
laporan tahunan • annual report
termasuk wang tunai, saham, polisi-polisi insurans nyawa
dan hartanah. ARB mengawal-selia akaun-akaun ini untuk
kepentingan benefisiari yang dinamakan.
sejajar dengan undang-undang. Perkhidmatan penyimpanan
wasiat kami juga mencegah berlakunya pengubahan
dokumen dan penipuan.
Akaun amanah boleh diadakan semasa hayat penderma atau
mengikut wasiat, dan pembahagian aset akan diselaraskan
mengikut syarat-syarat amanah mereka.
Pentadbiran Harta Pusaka
Kematian menyebabkan pergolakan dalam keluarga.
Perlantikan ARB sebagai Pentadbir akan mempercepatkan
urusan pengagihan harta pusaka anda dan menjamin sumber
kewangan waris anda tidak terputus.
Penubuhan akaun amanah akan melicinkan urusan
pembahagian aset kerana aset-aset yang diamanahkan tidak
termasuk dalam harta pusaka atau peninggalan. Oleh itu,
Geran Probet atau Surat Kuasa Mentadbir dari Mahkamah
tidak diperlukan apabila kematian berlaku.
Akaun-akaun amanah juga menawarkan perlindungan
kewangan walaupun pendermanya menjadi muflis* atau
hilang punca pendapatan. Dari segi undang-undang,
pemiutang tidak boleh merampas aset-aset yang
diamanahkan meskipun hutang-hutang penderma tidak
dilangsaikan.
* tertakluk kepada peruntukan undang-undang yang terpakai.
JENIS-JENIS AMANAH PERIBADI
Amanah Pendidikan EDUCARE
EDUCARE menggalakkan ibu-bapa, datuk-nenek ataupun
penjaga supaya menabung wang dengan teratur untuk
membina dana pendidikan atau penjagaan untuk anak-anak
ataupun cucu-cicit. Sekiranya penderma meninggal dunia
ataupun mengalami keilatan kekal, ARB akan mencukupkan
wang untuk memastikan sasaran kewangan penderma
tercapai.
Akaun Amanah Insurans
(Untuk pelanggan bukan-Islam)
Apabila penderma melantik ARB sebagai pemegang amanah
kepada polisi-polisi insurans nyawa, suatu Amanah Insurans
diwujudkan bagi menjaga kepentingan benefisiari. Sekiranya
penderma meninggal dunia, wang polisi insuran akan
diagihkan dengan cepat, memastikan bantuan kewangan yang
berpanjangan bagi benefisiari.
Amanah Perlindungan Aset
Dengan tertubuhnya Amanah Perlindungan Aset, penderma
boleh mengasingkan aset daripada harta pusaka. Amanah ini
melindungi aset-aset dari dirampas oleh pemiutang atau
lain-lain pihak yang menuntut tertakluk kepada Seksyen 52
Akta Kebankrapan 1967.
Penulisan Wasiat
Sesuatu wasiat membolehkan anda mengawal pengagihan
aset setelah anda meninggal dunia. Wasiat ini juga akan
mempercepatkan pengagihan aset di kalangan waris anda,
kerana dapat mengatasi halangan-halangan birokratik yang
kerap berlaku sekiranya seseorang meninggal dunia tanpa
wasiat. Proses pengagihan harta tidak berwasiat memakan
masa yang sangat lama, lebih-lebih lagi apabila harta
dipertikaikan oleh pelbagai waris.
Pengagihan harta dan aset simati bukan Islam berlandaskan
Akta Pembahagian 1958. Bagi orang Islam pula,
pembahagian dibuat menurut hukum Faraid.
Berlatarbelakangkan pengalaman 80 tahun dalam
pentadbiran harta pusaka, ARB menawarkan kepakaran
profesional dalam penyediaan dan pelaksanaan wasiat anda
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AMANAH
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Dengan memberi kuasa kepada ARB sebagai Wasi atau
Pentadbir harta anda, ARB boleh:
• Memohon Geran Probet atau Surat Kuasa Mentadbir dari
Mahkamah Tinggi.
• Agihkan aset kepada benefisiari yang disebutkan dalam
wasiat. Jika anda meninggal dunia tanpa berwasiat, ARB
akan mengagihkan aset-aset ini mengikut Hukum Faraid
bagi orang Islam atau menurut Akta Pembahagian 1958
bagi yang bukan Islam.
• Mempercepatkan proses pengagihan aset yang mungkin
diperlambatkan oleh rintangan birokrasi dan ketidakbiasaan tentang mekanisma dan proses pengagihan.
PERKHIDMATAN KORPORAT
Dalam bidang korporat, ARB diamanahkan untuk
melindungi kepentingan pemegang taruhan tertentu.
Khidmat Peramanahan Untuk Dana Saham Amanah
Buat masa sekarang, ARB merupakan pembekal terulung
perkhidmatan peramanahan kepada dana saham amanah.
Undang-undang menetapkan bahawa semua dana saham
amanah melantik Pemegang Amanah demi melindungi
kepentingan semua pemegang dana tersebut.
Di Malaysia, terdapat lebih 173 dana saham amanah dan
bilangan ini semakin bertambah kerana permintaan yang
meningkat. Kini ARB bertindak sebagai pemegang amanah
kepada 52 dana saham amanah yang mempunyai nilai
terkumpul berjumlah lebih RM42 bilion.
Pada umumnya, ARB mengawal-selia aktiviti penguruspengurus dana, melengkap dan mengemaskini rekod-rekod
serta memastikan pembahagian dividen yang sempurna
kepada pelabur.
Sebagai penjaga dan pemegang amanah, ARB memastikan
pihak pengurusan bertindak demi kepentingan pelabur
sejajar dengan syarat-syarat suratikatan yang dipersetujui
oleh pengurus dana dan ARB.
Pemegang Amanah Kepada Debentur dan Stok Pinjaman
Korporat.
ARB menjamin hak peminjam dan pelabur debentur,
bon-bon dan saham-saham pinjaman korporat dengan
memastikan syarikat yang berhutang memenuhi syarat-syarat
dan terma-terma Suratikatan Amanah.
Kami mengurus Dana Penjelas untuk penebusan stok
pinjaman terbitan syarikat-syarikat yang disenaraikan dan
yang tidak disenaraikan.
Khidmat Peramanahan untuk ESOS, Skim-skim Insurans dan
Dana Persaraan
ARB juga melindungi hak pelabur dalam skim-skim insurans
korporat, dana persaraan korporat, skim-skim kebajikan per
2002
laporan tahunan • annual report
Plus, our fees are competitive, meaning that clients need only
pay a small price to protect the welfare of their dependants,
and ensure precious peace of mind.
Currently, ARB offers a competitive yearly dividend of 5 per
cent for monies invested in our trust accounts.
Trust Accounts
Via a trust account, donors set up a fund with ARB as the
trustee, and entrust their assets to our custody. Examples of
assets include cash and cash equivalents, stocks, life
assurance policies and property. ARB safeguards these assets
for the benefit of the beneficiaries named under the trust.
ARB can create the trust account either during the donor’s
lifetime or according to the donor’s Will upon his demise.
Thus, donors can be rest assured that their assets will be
divided according to the terms and conditions of their trust.
Creating a trust can also expedite the distribution of assets.
Since trust assets do not form part of the donor’s estate, no
Grant of Probate or Letter of Administration is needed when
the Donor passes away.
Trusts also offer valuable financial protection. Trust
beneficiaries are protected even if the donor suffers from
bankruptcy* or loss of income. Legally, creditors may not
seize trust assets in lieu of payment for debts.
*subject to the relevant provision of the law
TYPES OF PERSONAL TRUSTS
EDUCARE
Through a regular scheme of savings, parents, grandparents
and guardians can set aside sums of money for the education
and care of future generations. In the event of the donor’s
demise or total incapacitation, ARB will top up the targeted
savings to ensure that the Educare trust reaches the donor’s
monetary goal.
Insurance Trust
(For non-Muslims)
By assigning life assurance policies to ARB, clients can create
an Insurance Trust in favor of the beneficiaries named in the
policy. The benefit? Beneficiaries enjoy uninterrupted
financial support since the insurance monies can be swiftly
distributed upon the donor’s demise.
Asset Protection Trust
By creating an Asset Protection Trust, donors can literally
separate their assets from their estate. This protects trust
assets from creditors and other claimants, subject to Section
52 of the Bankruptcy Act 1967.
Will-writing
A Will allows you to control the distribution of your assets
after your demise. Your Will also speeds up the distribution of
assets to your beneficiaries, preempting the bureaucratic red
tape that results if you die intestate, or without leaving a Will.
For intestate cases, the distribution process can drag on for
years, particularly when assets are under dispute by potential
heirs.
For non-Muslims that die intestate, their estate will be
distributed according to the Distribution Act of 1958.
Produk dan perkhidmatan kami memenuhi keperluan semua generasi.
Our products and services are tailored to fit the needs of all generations.
Meanwhile the assets of Muslims who die intestate will be
distributed according to Islamic Faraid Law.
With over eighty years of experience in legacy
management, ARB offers professional expertise in the
preparation and execution of Wills in line with your wishes
and relevant laws. We can also hold your Will in safe custody,
preventing tampering and fraud.
Estate Administration
Death is natural, but it still counts as a major upheaval for the
loved ones left behind. By appointing ARB as the executor of
your estate, you can speed up the healing process by sparing
your loved ones the pain of dealing with bureaucratic red
tape in the event of your demise. And by expediting your
estate’s distribution, you guarantee uninterrupted financial
security for your heirs.
By empowering ARB to act as executor or administrator of
your estate, ARB can:
• Apply for the Grant of Probate or Letters of Administration
from the High Court
• Distribute your assets to the beneficiaries named in your
will. If you die intestate, ARB will distribute these assets
according to Islamic Faraid Laws (for Muslims) or the
Distribution Act of 1958 (for non-Muslims).
• Expedite the process of distributing your assets, which can
be slowed by bureaucracy and non-familiarity with the
distribution process and machinery.
CORPORATE SERVICES
In its role as a trustee for corporations and businesses, ARB is
entrusted with protecting the interest of specific
stakeholders.
Trustee Services for Unit Trusts
Currently, ARB is the market leader in the provision of trustee
services to unit trusts. Regulations require that all unit trusts
appoint trustees to safeguard the interests of unit holders.
AMANAH
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7
2002
laporan tahunan • annual report
Presently, there are more than 173 unit trust funds in
Malaysia, and the number is burgeoning due to steady
demand. Today, ARB acts as trustee to 52 unit trusts with
a combined net asset value of more than RM42 billion.
Generally, ARB monitors all transactions undertaken by
the fund managers, maintains proper and up-to-date
records, and ensures the smooth and timely distribution
of dividends to investors. As the custodian and trustee,
ARB guarantees that management acts entirely in
investors’ interests and in accordance with the terms of
the Deed signed by the fund manager and ARB.
Trustee Services for Debentures and Loan Stocks
ARB safeguards the rights of lenders and investors for
debentures, bond issues and corporate loan stocks, by
guaranteeing that the debtor corporation fully complies
with the terms and conditions of the Trust Deed.
saraan
serta skimbersama
pilihan
saham
pekerja
Nikmati keseronokan
keluarga
dengan
jiwa
(ESOS).
yang
tenang kerana anda yakin bahawa keluarga
anda mempunyai perlindungan kewangan yang
terbaik.
Enjoy fun family moments with full peace of mind,
secure in the knowledge that your family enjoys the
finest financial protection.
Khidmat Peramanahan Bagi Kelab-Kelab
Golf
ARB menjaga kepentingan ahli kelab-kelab
golf dan rekreasi. Pemilik dan pengurus
kelab-kelab golf digalakkan melantik
Pemegang Amanah untuk melindungi hakhak ahli kelab.
Di samping itu, ARB boleh diamanahkan
untuk mengurus Dana Penjelas untuk
perbelanjaan baikpulih dan kawalselia
padang, rumah kelab dan kemudahan
riadah yang lain.
Perkhidmatan Pelaburan
ARB juga bertindak sebagai pengurus
pelaburan alternatif kepada dana saham
amanah, dana persaraan dan skim kebajikan
persaraan. Jawatankuasa pelaburan terdiri
dari pengurus dana dan penganalisis yang
berpengalaman. Dasar pelaburan yang
berhemah membolehkan ARB menawarkan
pulangan tahunan yang kompetitif dalam
lingkungan 5 – 8 % setahun sejak tujuh
tahun kebelakangan ini.
We also manage sinking funds for the redemption of loan
stocks issued by both listed and unlisted companies.
Trustee Services for ESOS, Insurance Schemes and Retirement Benefit
Schemes
ARB also protects the rights of the ultimate stakeholders in corporate
insurance schemes, corporate pension funds and retirement benefit schemes,
and employee share option schemes (ESOS).
Trustee Services for Golf Clubs
In addition ARB protects the interests of members in golf and country clubs.
It is highly recommended that owners and managers of golf and country clubs
appoint a Trustee to safeguard the rights of the club members.
Plus, ARB can be entrusted to manage a sinking fund that covers the expense
of repairs and maintenance for the golf greens, clubhouse and other
recreational amenities.
Investment Services
ARB can act as an alternative fund manager for trust funds, pension funds and
retirement benefit schemes. Our investment committee consists of seasoned
fund managers and analysts. Our prudent investment policy has enabled ARB
to offer competitive returns on investment ranging from 5 – 8 per cent p.a.
over the past seven years.
Nominee Services
ARB is an authorized direct member of the Malaysian Central Depository
(MCD). Therefore, corporate clients can utilize our nominee and
custodian services to keep their investments confidential.
Perkhidmatan Nominee
ARB adalah merupakan ahli langsung yang
dibenarkan oleh Malaysian Central
Depository (MCD). Oleh itu, pelanggan
korporat boleh menggunakan perkhidmatan
nominee dan penjagaan untuk memastikan
pelaburan mereka terjamin dan sulit.
Menjana kesedaran dan kepuasan pelanggan
merupakan teras kejayaan ARB.
Nurturing customer awareness and satisfaction lies
at the root of ARB’s long success.
8
AMANAH
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laporan tahunan • annual report
Detik-detik Kejayaan
Milestones
1 Mei 1921
1 May 1921
2 Disember 1966
2 December 1966
29 Mei 1995
29 May 1995
1 Ogos 1995
1 August 1995
31 Julai 1997
Kerajaan Malaysia menubuhkan Jabatan Pemegang Amanah Raya dan
Pegawai Pentadbir Pusaka, yang seterusnya menguasai pasaran perkhidmatan
amanah dan pentadbiran pusaka yang masih baru.
The Malaysian Government established the Department of Public Trustee and
Official Administrator, which dominated the fledgling retail market for trust
and estate administration services.
Jabatan ini dilantik sebagai pemegang amanah kepada ‘Malaysian Investment
Fund’, dana saham amanah yang pertama di Malaysia dilancarkan oleh Asia
Unit Trust Berhad. Dengan membekalkan khidmat pengamanahan
korporat, Jabatan ini terus menerajui industri pengurusan dana yang kian
berkembang di Malaysia.
The Department is appointed as trustee to Asia Unit Trust Berhad’s Malaysian
Investment Fund, Malaysia’s maiden unit trust. This marked the beginning of
the Department’s leadership in providing trustee services to Malaysia’s
burgeoning fund management industry.
Sejajar dengan matlamat Kerajaan mengkorporatkan perkhidmatan penting,
Jabatan Pemegang Amanah Raya dan Pegawai Pentadbir Pusaka telah
diperbadankan dengan nama baru Amanah Raya Berhad (ARB) dengan modal
berbayar sejumlah RM6.02 juta yang dipegang oleh Menteri Kewangan
(Diperbadankan).
In line with the Government’s mission to corporatise key services, the
Department was successfully corporatised under the new name Amanah Raya
Berhad (ARB) with a paid-up capital of RM6.02 million held by the Minister
of Finance, Inc.
ARB memulakan operasi dan mengalami pertumbuhan pesat setelah
diperbadankan dan mengolah orientasi mensasarkan pasaran.
ARB commences operations. Business grows tremendously due to
corporatisation and our market-driven orientation.
31 July 1997
ARB mencatatkan suatu rekod keuntungan sebelum cukai sebanyak RM11.8
juta.
ARB made a record pretax profit of RM11.8 million.
1 Mei 2001
1 May 2001
ARB memasuki dekad ke-8.
ARB turned 80.
31 Julai 2001
Kedudukan kewangan ARB semakin kukuh dengan pendapatan tersimpan
mencapai angka RM34.54 juta.
Financially, ARB became stronger than ever, with retained earnings peaking at
RM34.54 million.
31 July 2001
23 Mei 2002
23 May 2002
31 Julai 2002
31 July 2002
Di bawah dasar mempelbagaikan produk, ARB melancarkan EDUCARE,
suatu kombinasi amanah dan pelaburan yang menggalakkan penabungan
awal untuk keperluan pendidikan masa depan.
ARB diversified its product range by launching EDUCARE, a hybrid trust and
investment product that galvanizes early savings for future educational needs.
ARB berjaya dilantik sebagai pemegang amanah kepada lebih 30,000 akaun
amanah yang bernilai RM 1 billion dan 50 dana saham amanah bernilai lebih
RM 40 bilion, memantapkan keunggulan kami dalam industri saham amanah.
ARB is trustee for more than 30,000 trusts valued at RM 1 billion and 50 unit
trusts valued at more than RM 40 billion, entrenching our leadership in the
unit trust industry.
AMANAH
R AYA
BERHAD
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2002
laporan tahunan • annual report
Lembaga Pengarah
Board of Directors
(Duduk dari kiri ke kanan / Seated from left to right)
Y. Bhg. Dato’ Sukri bin Hj. Mohamed,
Pengerusi / Chairman
Encik Izham bin Yusoff
Pengarah Urusan dan Ketua Pegawai Eksekutif /
Managing Director and Chief Executive Officer
Y. Bhg. Datin Hajjah Fauziah binti Hj. Mohd. Ramly,
Pengarah Bukan Bebas Bukan Eksekutif /
Non-Independent Non-Executive Director
(Berdiri dari kiri ke kanan / Standing from left to right)
Y. Bhg. Datin Aminah binti Pit Abd Raman
Pengarah Bebas Bukan Eksekutif /
Independent Non-Executive Director
Encik Mohamed Bazain bin Hj. Idris
Pengarah Bukan Bebas Bukan Eksekutif /
Non-Independent Non-Executive Director
Tuan Haji Ab Gani bin Haron
Pengarah Bukan Bebas Bukan Eksekutif /
Non-Independent Non-Executive Director
Encik Zainul Abidin Bin Hj. Ahmad
Setiausaha Syarikat / Company Secretary
Encik Ahmad Kamal bin Abdullah Al-Yafii
Pengarah Bebas Bukan Eksekutif /
Independent Non-Executive Director
10
AMANAH
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2002
laporan tahunan • annual report
Y. BHG. DATO’ SUKRI BIN HJ.
MOHAMED, 45, Malaysian, was
first appointed Chairman of ARB on
1 September 2001.
Dato’ Sukri lends substantial
experience in law to ARB. An
advocate and solicitor, Dato’ Sukri is
a senior partner of law firm. Before
joining private practice, Dato’ Sukri
was a prominent figure in the
judiciary. He served as a Senior
Magistrate in Kota Bharu, Kelantan
from 1982 to 1985, and as
Magistrate at the Negeri Sembilan
Court from 1979 to 1982.
Apart from law, Dato’ Sukri is highly
active in government and politics at
both national and regional level.
Dato’ Sukri has served as a Member
of the Dewan Rakyat for two terms
from 1990 to 1999. Internationally,
he was a committee member of the
Asia-Pacific Members of Parliament
from 1996 – 1999 and a committee
member of the ASEAN Members of
Parliament from 1992 – 1999.
Dato’ Sukri graduated from the
University of Malaya with a law
degree in 1979.
Y. BHG. DATIN HAJJAH FAUZIAH BINTI HJ.
MOHD. RAMLY, 55, Malaysian, was first
appointed as Director of ARB on October 13 2000.
Datin Fauziah has served in government and
public administration for four decades. Since 8 July
2000, she has served as the Director-General of the
Legal Affairs Division in the Prime Minister’s
Department. Prior to that, she was Deputy
Secretary-General in the Ministry of National Unity
and Development.
Datin Fauziah graduated with a Bachelor of Arts
degree with Honours from the University of Malaya
in 1970.
ENCIK MOHAMED BAZAIN BIN HJ.
IDRIS, 52, Malaysian, was first
appointed as Director of ARB on 24
January 1996. He is the longestserving member of the present ARB
Board.
A Barrister at Law from Inner Temple,
London, Encik Mohamed has built up
a stellar law career, which culminated
in his appointment as the State
Attorney-General of Sabah in 2000.
TUAN HAJI AB GANI BIN HARON, 51, Malaysian, was
appointed as the Director of ARB with effect from 17 January
2002, representing ARB’s shareholder, the Minister of Finance
(Incorporated).
An experienced government servant, Tuan Gani holds over three
decades of experience in accounting, finance and economics.
In 2001, Tuan Gani was appointed to his present position as the
Director of the Corporate & Management Services Department in
Jabatan Akauntan Negara, Kuala Lumpur. Since 1971, he has
served as an accountant in several Ministries and state branches
of Jabatan Akauntan Negara.
Tuan Gani graduated from the University of Malaya with a
Bachelor of Economics degree with Honours.
AMANAH
R AYA
BERHAD
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2002
laporan tahunan • annual report
ENCIK AHMAD KAMAL BIN ABDULLAH
AL-YAFII, 64, Malaysian, was appointed
to the Board as an Independent NonExecutive Director and Member of the
Board Audit Committee on 1 August 2002.
A Chartered Accountant by training, Encik
Ahmad has more than 42 years experience
in accounting, management consulting
and senior managerial positions in local
and
multinational
public
listed
companies. He is an Associate Member of
Y. BHG. DATIN AMINAH BINTI PIT
ABD RAMAN, 54, Malaysian, was
elected to the Board as an
Independent Non-Executive Director
and Member of the Board Audit
Committee on 1 August 2002.
Datin Aminah has amassed diverse
experiences in entrepreneurship as
well as the corporate and government
sectors, making her a valuable
resource for ARB.
Presently, Datin
businesswoman.
Aminah
is
In the government sector, Datin
Aminah served as Director of the
Planning and Development Division
for the Ministry of Domestic Trade and
Consumer Affairs in 1991, where she
was directly involved in corporate
planning at the ministerial level. She
began her career in 1986 as the
Deputy Director of Administration at
the University Hospital, Kuala
Lumpur.
Datin Aminah graduated with a
Bachelor of Economics with Honours
from Monash University, Melbourne,
Australia in 1971, and completed her
Diploma in Business Studies from the
London School of Economics,
London, UK in 1985.
AMANAH
R AYA
BERHAD
Upon retirement in 1999, Encik Ahmad
joined Universiti Utara Malaysia as an
Adjunct Professor. Previously, Encik
Ahmad was a Partner of Hanafiah, Raslan
& Mohamed from 1970 – 1999 and
Financial Controller with Malayawata
Steel Berhad from 1967 – 1970.
ENCIK IZHAM BIN YUSOFF, 35, Malaysian,
was appointed Managing Director and Chief
Executive Officer of ARB with effect from 1
August 2002.
Specialising in corporate planning and finance,
Encik Izham has more than ten years experience
in large local and multinational companies.
a
Before striking out in business, Datin
Aminah was attached to Hong Leong
Bank Berhad from 1995 to March
2002 as General Manager, Economic
Services and Islamic Banking
Division. Apart from advising senior
management on regional and global
issues, she worked extensively in
corporate banking and finance.
12
the Institute of Chartered Accountants,
Fellow of the Institute of Chartered
Accountants and Council Member of the
Malayan Institute of Certified Accountants.
Before joining ARB, he was Special Assistant to Managing Director at
EON Berhad starting in January 1998. In his advisory capacity, Encik
Izham was responsible for supporting the MD’s office in
matters
ranging from strategic direction to mergers and acquisitions. Encik
Izham also handled corporate strategy and finance in his role as
Corporate Strategy Manager, Maxis Communications Berhad, from
1996 – 1997 and Financial Controller at Citibank Berhad from 1995
– 1996. He began his career in Singapore in 1992 as Financial
Analysis Manager at Procter and Gamble Singapore.
Encik Izham graduated from the University of Miami, Coral Gables,
Florida, USA, with a Bachelor of Business Administration degree in
Accounting in May 1990, and a Masters in Business Administration
in Accounting and International Business in December 1991.
Notes:
1. None of the Directors
have any family
relationships with any
directors and/or
substantial shareholders
of the Company.
2. None of the Directors
have any conflict of
interest with the
Company.
3. None of the Directors
have any conviction for
offences (other than
traffic offences) within
the past 10 years).
Pengurusan Kanan
Senior Management
4.
Puan Wan Numzila binti Wan
Junuh
Pengurus Jabatan Perundangan
Manager, Legal Department
5.
Puan Zanariah binti Jaafar
Pengurus, Jabatan Pelaburan
Manager, Investment Department
6.
1.
2.
3.
Encik Izham bin Yusoff
Pengarah Urusan dan Ketua Pegawai
Eksekutif
Managing Director and Chief
Executive Officer
Hajjah Habsah binti Bakar
Pengurus Besar, Khidmat Korporat
General Manager, Corporate Services
Puan Hajjah Hanisah binti Mamat
Pengurus, Operasi Cawangan
Manager, Branch Operations
Encik Mohd Ridzuan bin Haji Taib
Pengurus Jabatan Teknologi
Maklumat
Manager, IT Department
7.
Encik Rafie bin Omar
Pengurus Besar, Operasi
General Manager, Operations
8.
Encik Abdul Aziz Ismail
Pengurus, Jabatan Pemasaran &
Komunikasi Korporat
Manager, Marketing and
Corporate Communications
Department
9.
Encik Wong Yeng Fon
Pengurus, Jabatan Audit Dalam
Manager, Internal Audit
Department
10. Encik Mohd Ishak bin Sulaiman
Pengurus Jabatan Kewangan &
Akaun
Manager, Finance and Accounts
Department
11. Encik Zainudin bin Suhaimi
Pengurus Jabatan Amanah
Saham
Manager, Unit Trusts
Department
12. Encik Sudirman bin Masduki
Pengurus Besar, Khidmat
Kewangan
General Manager, Finance
Services
13. En. Hamidi bin Jamari
Pengurus, Jabatan Pentadbiran
dan Sumber Manusia
Manager, Administration and
Human Resource Department
14. Encik Zainul Abidin Bin Haji
Ahmad
Setiausaha Syarikat
Company Secretary
AMANAH
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2002
laporan tahunan • annual report
HAJJAH HABSAH BINTI BAKAR
General Manager, Corporate
Services
Hajjah
Habsah
binti
Bakar
graduated from the University of
Malaya with a Degree in Law and
holds a post-graduate Diploma in
Shariah Law and Practice from
International Islamic University. She
joined the Judicial and Legal service
in 1985, where she accumulated
tremendous experience in legal
administration. Presently, she is
responsible for the overall running of
the Unit Trusts Department, the
Marketing
and
Corporate
Communications Department, and
the Corporate Planning and Product
Development
Department
of
Amanah Raya Berhad.
ENCIK HAMIDI BIN JAMARI
Manager, Administration and
Human Resource Department
Encik Hamidi bin Jamari graduated
with an Advanced Diploma in
Business Studies, specialising in
Human Resource Management,
from MARA Institute of Technology
(UiTM) in 1995. Before joining
Amanah Raya Berhad, he served
Tabung
Haji
Computers,
a
subsidiary of Tabung Haji, the
Human Resource Development
Council, Jabatan Penilaian &
Perkhidmatan
Harta;
Dewan
Bandaraya Kuala Lumpur and the
Urban Development Authority. He
is
currently
responsible
for
administration and human resource
matters including human resource
planning, recruitment, training &
development, compensation and
benefits, occupational safety &
health, industrial relations, research
and general administration.
14
AMANAH
R AYA
BERHAD
ENCIK RAFIE BIN OMAR
General Manager, Operations
Encik Rafie bin Omar holds a
Diploma in Law from MARA
Institute of Technology (UiTM)
Shah Alam and a LLB Degree from
the University of Melbourne,
Australia. He was admitted as an
Advocate & Solicitor of the High
Court of Malaya in March 1989,
and subsequently entered private
law practice. From 1994 – 2000, he
served Malaysian Resources
Corporation Berhad (MRCB) as
legal advisor in its Business
Development and Corporate
Affairs division. He represented
MRCB as one of the directors of
KL Sentral Sdn. Bhd, the
developer of the recently opened
KL Sentral Station. In March 2000,
he joined the legal team of
Pengurusan Danaharta Nasional
Berhad, specializing in property
matters. Encik Rafie joined
Amanah
Raya
Berhad
in
September
2001
and
is
responsible for the overall
running of Branch Operations.
ENCIK WONG YENG FON
Manager, Internal Audit
Department
Mr. Wong Yeng Fon holds a
Bachelor’s Degree in Business
Administration and served the
Auditor General’s office for 20
years before joining Amanah
Raya Berhad. He is a Chartered
member of the Institute of
Internal Auditors Malaysia and
Secretary
of
the Audit
Committee. He is responsible
for overseeing the Internal
Audit
Department
and
reporting on the compliance of
statutory
requirements,
company
directives
and
internal controls.
ENCIK SUDIRMAN BIN MASDUKI
General Manager, Finance Services
Encik Sudirman bin Masduki holds a
Masters in Business Administration
(MBA) from Universiti Kebangsaan
Malaysia and is a fellow of The
Association of Chartered Certified
Accountants, United Kingdom
(ACCA UK). He has accumulated
substantial experience in finance
and accounting during his service in
Jabatan Akauntan Negara Malaysia.
Presently, he is responsible for the
overall running of the Finance and
Accounts
Department,
the
Information
Technology
Department and the Investment
Department.
PUAN HAJJAH HANISAH
BINTI MAMAT
Manager, Branch Operations/
Puan
Hajjah
Hanisah
graduated with a Diploma in
Business Studies from Mara
Institute of Technology (UiTM)
in 1979. She served Hongkong
& Shanghai Bank before
joining the Public Trustee
Department, now Amanah
Raya Berhad, in November
1980. Puan Hajjah Hanisah
has accumulated several years’
service in various ARB
branches. She was appointed
to her present position in 2000
and
is
responsible
for
overseeing branch operations.
2002
laporan tahunan • annual report
ENCIK ZAINUDIN BIN SUHAIMI
Manager, Unit Trusts Department
Encik Zainudin bin Suhaimi holds
a
Degree
in
Business
Administration (Finance) from
University Putra Malaysia and a
Diploma In Business Studies from
Universiti
Teknologi
MARA
(UiTM). He joined Amanah Raya
Berhad in 1992, and is now in
charge of the operations of the
Unit Trusts Department.
ENCIK MOHD RIDZUAN BIN TAIB
Manager, IT Department
Encik Mohd Ridzuan bin Taib
holds a Degree in Computer
Science (UTM) and a Masters
Degree
in
Business
Administration from University of
HULL, United Kingdom. He joined
ARB in December 1990 and has
held his present position since
August 1995.
ENCIK MOHD ISHAK BIN
SULAIMAN
Manager, Finance and Accounts
Encik Mohd Ishak bin Sulaiman
holds a Degree in Accounting
from Universiti Kebangsaan
Malaysia (UKM). He is also a
member of the Malaysian
Institute of Accountants (MIA).
He joined Amanah Raya Berhad
in September 1995. Encik Ishak
gained extensive experience in
finance and accounting during
his attachment with Jabatan
Akauntan Negara.
PUAN WAN NUMZILA BINTI WAN
JUNUH
Manager, Legal Department
Puan Wan Numzila binti Wan
Junuh graduated from the
International Islamic University of
Kuala Lumpur with a Degree in
Law (LLB). She joined ARB in July
1997. She also served as Company
Secretary by order of the Board.
She handles the legal matters of
the company.
PUAN ZANARIAH BINTI
JAAFAR
Manager, Investment
Department
Puan Zanariah bte Jaafar
graduated with an MBA from
the University of Strathclyde
and an Honours Degree in
Statistics
and
Business
Administration
from
the
University of Guelph, Ontario,
Canada. Previously, she gained
extensive
experience
in
stockbroking and investment
with KAF-Seagroatt & Campbell
Securities
Sdn.
Bhd,
Permodalan Nasional Berhad,
CIMB Securities Sdn. Bhd and
Malaysian
International
Merchant
Bankers
Bhd.
Currently, she manages the
overall operations of the
Investment Department. Puan
Zanariah is also responsible for
managing a mixed portfolio of
equities, fixed income and
property valued at RM1.2
billion.
ENCIK ZAINUL ABIDIN BIN HJ.
AHMAD
Company Secretary
Encik Zainul Abidin Hj. Ahmad
has more than 10 years’ working
experience in legal and secretarial
matters. He began his career in
1990 as a Legal Assistant with
Messrs. Kam Woon Wah & Co.
Four years later, he joined Maju
Holdings Sdn. Bhd. as Company
Secretary. He later moved to the
Secretarial
Department
of
Technology Resources Industry
Berhad
(TRI)
in
1996.
Subsequently, he was seconded
to Naluri Berhad in 1998, where he
was involved in various projects in
aviation consultancy for Naluri’s
subsidiary, International Aviation
Consultancy Sdn. Bhd. (IAC). In
February 2002, he joined ARB
where he oversees the secretarial
matters of the Group and handles
corporate legal matters.
ABDUL AZIZ BIN ISMAIL
Manager, Marketing and Corporate
Communications Department
Encik Abdul Aziz bin Ismail holds an
Advanced Diploma in Business
Management from the University of
Wales, UK. Before joining Amanah
Raya Berhad, he enjoyed diverse
exposure in investment, marketing
and property administration during
ten years’ working experience in
PUNB, Arab Bank and Omniwide
Sdn. Bhd. Currently, he is
responsible for the planning and
implementation of the Company’s
Marketing Plan.
AMANAH
R AYA
BERHAD
15
2002
laporan tahunan • annual report
Pengurus-Pengurus Cawangan
Branch Managers
En Amran Bin Ahmad
JOHOR BAHRU
En Abtar Singh a/l Mana Singh
MUAR
Tuan Hj Jaafar Bin Md Lazi
MELAKA
Pn Norzilah Bte Ahmad
SELANGOR
En Adam Bin Mohamed
PERAK
En Nazari Bin Dun
PULAU PINANG
En Kam Iyan Hai
PAHANG
En Oh Kwong Foi
SARAWAK
En Usman Bin Hj Hamid
SABAH
Pn Norlela Bte Atan
UTAMA
Pn Martinah Bte Marzuki
KEDAH
Tuan Hj Salehuddin Bin Abu
NEGERI SEMBILAN
Pn Sa'diah Bte Abd Kadir
WILAYAH PERSEKUTUAN
KUALA LUMPUR
CAWANGAN MINI /
MINI BRANCHES
Pn Rosnah Bte Mohd Lazim
PERLIS
Tuan Hj Nik Mohd Azmin bin
Nik Mahmood
KELANTAN
En Hashim Bin Mohd Ali
TERENGGANU
16
AMANAH
R AYA
BERHAD
En Mohamed Nazeri Bin
Kamarudin
KETUA CAWANGAN
En Abd Wahab Bin Hj Nok
KETUA CAWANGAN
2002
laporan tahunan • annual report
IBU PEJABAT / HEADQUARTERS
AMANAH RAYA BERHAD (344986-V)
Levels 9 & 10, Wisma Amanah Raya
Berhad
No 15 Jalan Sri Semantan 1, Off Jalan
Semantan, Bukit Damansara,
50508 Kuala Lumpur, Malaysia.
Tel: 603-2095 3232, 2096 1000, 2093 9933
Fax: 603 - 2095 2704, 2095 3311
e-mail: sales@ arb.com.my
website: www.arb.com.my
Rangkaian Cawangan ARB
ARB’s Branch Network
(pada Oktober 31, 2002) / (as of October 31, 2002)
CAWANGAN UTAMA
Tingkat 6 (UL),
Wisma Amanah Raya Berhad,
No 15, Jalan Sri Semantan 1, Off Jalan
Semantan, Bukit Damansara,
50508 Kuala Lumpur, Malaysia
Pengurus: Pn Norlela Bte Atan
Tel: 603-20952778
Fax: 603-20952770
E-mail: maaarb@po.jaring.my
Johor Bahru
Tingkat 2, Bangunan Pusat Profesional, 55J, Jalan Dato' Syed Mohd. Mufti,
Kampung Ayer Molek,
80508 Johor Bahru, Johor.
Pengurus: En Amran Bin Ahmad
Tel: 607-2245918
Fax: 607-2238284
E-mail: arbjb@po.jaring.my
Muar
No 45, Tingkat 3,
Bangunan Hong Leong Finance,
Jalan Maharani,
84000 Muar, Johor.
Pengurus: En Abtar Singh a/l Mana Singh
Tel: 606-9523218
Fax: 606-9514597
E-mail: arbmu@po.jaring.my
Melaka
Suite 3, Aras 13,
Bangunan Yayasan Melaka,
Off Jalan Hang Tuah,
75300 Melaka.
Pengurus: Tn Hj Jaafar Bin Md Lazi
Tel: 606-2825564
Fax: 606-2821443
E-mail: arbmk@po.jaring.my
Negeri Sembilan
Tingkat Bawah, No 90 & 92,
Jalan Yam Tuan,
70000 Seremban, Negeri Sembilan.
Pengurus: Tn Hj Salehuddin Bin Abu
Tel: 606-7638387
Fax: 606-7639234
E-mail: arbsb@po.jaring.my
Wilayah Persekutuan Kuala Lumpur
Tingkat 2,
Wisma Cyclecarri, Jalan Raja Laut,
50350 Kuala Lumpur.
Pengurus: Pn Sa'diah Bte Abd Kadir
Tel: 603-26944052
Fax: 603-269487000
E-mail: arbwp@po.jaring.my
Selangor
Lot 1, Tingkat 1,2 & 3,
Pusat Dagangan UMNO Shah Alam,
Persiaran Damai, Seksyen 11,
40100 Shah Alam, Selangor.
Pengurus: Pn Norzilah Bte Ahmad
Tel : 603-55115733
Fax : 603-55115732
E-mail : arbsa@po.jaring.my
Perak
Tingkat 4, Kompleks Islam Darul Ridzuan,
Jalan Panglima, Bukit Gantang Wahab,
30000 Ipoh, Perak.
Pengurus: En Adam Bin Mohamed
Tel : 605-2548714
Fax: 605-2549454
E-mail: arbip@po.jaring.my
Pulau Pinang
No 52, Tingkat 4, Wisma Khai Weng, Jalan
Greenhall, 10508, Pulau Pinang.
Pengurus: En Nazari Bin Dun
Tel: 604-2611144
Fax: 604-2634022
E-mail: arbpn@po.jaring.my
Kedah
No 237, Jalan Shahab 2, Shahab Perdana,
05350 Alor Setar, Kedah.
Pengurus: Pn Martinah Bte Marzuki
Tel: 604-7322080
Fax: 604-7304406
E-mail: arbas@po.jaring.my
Perlis
No 56, Lot 434, Tingkat Bawah,
Bangunan Bernama, Medan Raja Syed Alwi,
01000 Kangar, Perlis.
Pengurus: Pn Rosnah Bte Mohd Lazim
Tel: 604-9761485
Fax: 604-9768520
E-mail: arbkg@po.jaring.my
Kelantan
Tingkat 9, Wisma Ilmu,
Bangunan Tabung Haji, Jalan Doktor,
15000 Kota Bahru, Kelantan.
Pengurus: Tn Hj Nik Mohd Azmin Bin Nik
Mahmood
Tel: 609-7482112
Fax: 609-7478353
E-mail: arbkb@po.jaring.my
Terengganu
Tingkat 2, Bangunan RHB Bank Berhad,
Jalan Sultan Ismail,
20200 Kuala Terengganu, Terengganu.
Pengurus: En Hashim Bin Mohd Ali
Tel: 609-6221201
Fax: 609-6228449
E-mail: arbkt@po.jaring.my
Pahang
No 14 & 16, Tingkat Bawah,
Bangunan Majlis Ugama Islam,
Jalan Bukit Ubi,
25200 Kuantan, Pahang.
Pengurus: En Kam Iyan Hai
Tel: 609-5135318
Fax: 609-5146785
E-mail: arbkn@po.jaring.my
Sarawak
Lot 8.05, Tingkat 8, Wisma Saberkas,
Jalan Tun Abang Haji Openg,
Peti Surat 1346,
93728 Kuching, Sarawak.
Pengurus: En Oh Kwong Foi
Tel: 6082-254170
Fax: 6082-422928
E-mail: arbkc@po.jaring.my
Sabah
Tingkat 2, Bangunan Bank Negara,
Jalan Tun Abdul Razak,
Peti Surat 10127, Kota Kinabalu, Sabah.
Pengurus: En Usman Bin Hj Hamid
Tel: 6088-211970
Fax: 6088-246178
E-mail: arbkk@po.jaring.my
Cawangan Mini / Mini-Branches
Bangi
Lot 802G - Tingkat Bawah,
Bangi Business Park,
Jalan Medan Bangi, Off Persiaran Bangi,
43650 Bandar Baru Bangi, Selamgor.
Tel: 03-82101346/47
Fax: 03- 82101345
Ketua Cawangan: En Abd Wahab Bin Hj Nok
Temerloh, Pahang
No. 23, Jalan Datuk Bahaman 3,
Pusat Komersial Temerloh,
28000 Pahang.
Tel: 609-2961296
Fax: 609-2964734
Ketua Cawangan: En Mohd Nazeri Bin
Kamarudin
AMANAH
R AYA
BERHAD
17
2002
laporan tahunan • annual report
Terma Rujukan Jawatankuasa Audit dan Pemeriksaan
Terms of Reference of the Audit and Review Committee
JAWATANKUASA AUDIT
AMANAH RAYA BERHAD
DAN
PEMERIKSAAN
3. mengadakan kajian audit atau pemeriksaan khas
apabila diperlukan.
Ahli-ahli Jawantankuasa Audit dan Pemeriksaan
Jawatankuasa Audit dan Pemeriksaan mempunyai ahli
seramai tiga orang. Dua orang ahli termasuk
Pengerusinya terdiri daripada Pengarah Bukan Eksekutif
Syarikat manakala seorang ahli terdiri daripada orang
luar iaitu Pengarah dan bukan pengurusan Syarikat
mana-mana Syarikat Subsidiari dan Bersekutunya,
Setiausaha Jawatankuasa ini ialah Pengurus Audit Dalam
Syarikat.
4. menyemak aktiviti dan pencapaian audit dalaman
bagi tahun lepas dan membuat perancangan bagi
tahun depan.
Objektif Penubuhan Jawatankuasa Audit dan
Pemeriksaan
Jawatankuasa Audit dan Pemeriksaan ini ditubuhkan
menurut kehendak Pekeliling Perbendaharaan Bil. 9
Tahun 1993 – Garis Panduan mengenai Penubuhan
Jawatankuasa Audit dan Pemeriksaan Bagi SyarikatSyarikat Kerajaan. Tujuannya adalah seperti berikut:1. Memelihara
kepentingan
kerajaan
sebagai
pemegang saham melalui kawalan dan pengawasan
ke atas pengurusan Syarikat.
2. Membantu Lembaga Pengarah Syarikat mengawasi
dasar dan sistem perakaunan, kawalan dalaman,
laporan kewangan dan etika perniagaan.
3. Menentukan sumber-sumber kewangan Syarikat
diuruskan dengan seberapa cekap dan efektif untuk
memenuhi objektif korporat dan sosialnya.
4. Memainkan
peranan
sebagai
mekanisma
penyemakan dan pengimbangan (check and
balance) terhadap pengurusan Syarikat.
5. Memastikan supaya peruntukan-peruntukan statutori
sepertimana yang diwajibkan oleh Akta Syarikat
1965 sentiasa dipatuhi sepenuhnya.
18
5. mengkaji dan mengawasi rancangan korporat bagi
semakan dan kawalan dalaman terutama dari segi
pengurusan kewangan.
6. mengkaji dan menyelenggara sistem perakaunan
yang efektif serta mengadakan kawalan-kawalan
yang tertentu supaya satu sistem amaran awal
mengenai kelemahan dapat diwujudkan.
7. mengesan kelemahan di dalam sistem pengurusan
agar kelemahan-kelemahan dapat diatasi.
8. memastikan tindakan-tindakan yang bertentangan
dengan dasar, sistem dan prosedur pengurusan
dikesan dan diambil tindakan dengan segera.
9. mengkaji
perbelanjaan
langsung
seperti
perbelanjaan mengurus tahunan Syarikat dan lainlain perbelanjaan yang tidak langsung untuk
memastikan kos-kos yang terlibat adalah berpatutan
dan selaras dengan fungsi organisasi.
10. mengkaji cara-cara yang sesuai untuk melindungi
harta dan mengesahkan kewujudan harta tersebut.
11. mengkaji dan membincang pelan audit luar tahun
sebelum ianya dijalankan setiap tahun.
12. mengkaji pandangan-pandangan audit luar dan
menentukan perkara-perkara berbangkit diberi
perhatian dan diambil tindakan oleh pengurusan.
6. Mengawasi semua fungsi Jabatan Audit Dalam.
13. mengkaji prestasi audit luar dan membuat cadangan
kepada Lembaga Pengarah mengenai perlantikan
semula dan yuran tahunan firma berkenaan; dan
Terma Rujukan Jawatankuasa Audit dan Pemeriksaan
Jawatankuasa Audit dan Pemeriksaan adalah
bertanggungjawab sepenuhnya kepada Lembaga
Pengarah Syarikat. Terma-terma rujukannya adalah
seperti berikut:-
14. mengkaji dan memeriksa penyata kewangan
tahunan Syarikat sama ada yang telah diaudit atau
sebaliknya, termasuk Syarikat Subsidiari dan
Bersekutu sebelum mengemukakannya kepada
Lembaga Pengarah untuk kelulusan.
1. memperakukan perlantikan dan kenaikan pangkat
Pengurus Audit Dalam dan Pegawai-pegawai Audit
Dalam untuk kelulusan Lembaga Pengarah.
Mesyuarat
1. Korum yang diwajibkan bagi jawatankuasa ini ialah
dua orang ahli (termasuk seorang ahli dari luar).
2. memberi sokongan untuk memelihara kebebasan
aktiviti audit dalaman supaya ianya dapat berjalan
dengan lancar.
2. Jawatankuasa ini akan bermesyuarat sekurangkurangnya sekali dalam tempoh tiga (3) bulan atau
seperti yang ditentukan oleh Pengerusinya.
AMANAH
R AYA
BERHAD
2002
laporan tahunan • annual report
AMANAH RAYA BERHAD AUDIT AND REVIEW
COMMITTEE
3. To carry out audit inspection or special reviews as
and when needed
Members of the Audit and Review Committee
The Audit and Review Committee comprises 3 members.
Two of the members including the Chairman are
appointed from amongst the Non-Executive Directors of
the Company whereas the third member is appointed
from outside the Company and is neither drawn from
amongst the Directors or Management of the Company
or its subsidiary or associate companies. The secretary to
the Committee is the Internal Audit Manager of the
Company.
4. To review the previous years’ activities and
achievements of the internal audit and to formulate
plans for next year
The Objective of the Audit and Review Committee
The Audit and Review Committee is established in
accordance with the Treasury Circular Letter No. 9 Year
1993 – Guidelines on the Setting up of Audit and Review
Committees for Government Companies for the purpose
of:
1. Maintaining the interest of the Government as the
shareholder through control and monitoring of the
management of the Company
2. To assist the Board of Directors to monitor the
principles and accounting systems, internal controls,
financial reporting and business ethics
3. To determine the financial sources of the Company
are administered and managed efficiently and
effectively in accordance with corporate and social
objectives
4. To undertake the role as the review and balance
mechanism (check and balance) of the management
of the Company
5. To ensure compliance with the statutory
requirements as required under the Companies Act
1965
6. To oversee all functions of the Internal Audit
Department
Terms of Reference for the Audit and Review
Committee
The Audit and Review Committee is primarily
responsible to the Board of Directors. Their terms of
reference are as follow:
1. To endorse the appointment and promotion of the
Audit Manager and Internal Auditors for the approval
of the Board of Directors
2. To provide support in ensuring the independence of
internal audit activities so that they run smoothly
5. To study and monitor corporate planning for review
and internal control especially in the area of
management
6. To review and supervise an effective accounting
system by exercising controls in related areas so that
early warning systems about the company’s
weakness can be put in place
7. To identify flaws in the management system which
require improvement
8. To ensure that breach of policies and system
management procedures are identified quickly and
dealt with immediately
9. To review direct expenditures such as annual
operation expenditures as well as direct expenses in
order to ascertain that those costs are justifiable and
related to the functions of the organizations
10. To determine the proper measures for identifying and
protecting assets
11. To study and discuss the plan for the annual external
audit before it is carried out each year
12. To observe the opinion of external auditors and
ensure that matters arising are given due attention
and that proper action is taken by the management
of the company
13. To review the performance of the external auditor
and to propose to the Board of Directors on the reappointment and annual fee of the firm
14. To review and examine the Parent Company’s
audited as well as unaudited annual financial
statements, including that of the Subsidiaries and
Associate Companies, before its submission to the
Board of Directors for approval
Meeting
1. The quorum for the Committee shall comprise two
members (inclusive of an external member)
2. The Committee shall meet not less than three times
within a period of three months or a period
determined by the Committee Chairman.
AMANAH
R AYA
BERHAD
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2002
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Struktur Organisasi
Organisation Structure
Board of Directors
Company
Secretary
Internal
Audit
Managing Director /
Chief Executive Officer
General Manager
Operations
Human
Resource &
Administration
Branch
Operations
18 Branches
20
AMANAH
R AYA
BERHAD
General Manager
Finance Services
General Manager
Corporate Services
Corporate
Planning
Legal
Investment
Information
Technology
Finance &
Accounts
Unit Trusts
Product
Development
Marketing &
Corporate
Communications
2002
laporan tahunan • annual report
Ringkasan 5 Tahun Kewangan Korporat
5 Year Corporate Financial Highlights
AMANAH
R AYA
BERHAD
21
2002
laporan tahunan • annual report
Kepada semua pemegang saham,
Bagi pihak Lembaga Pengarah dan pengurusan Amanah
Raya Berhad (ARB), dengan sukacitanya saya
membentangkan laporan tahunan dan penyata kewangan
statutori ARB bagi tahun kewangan berakhir 31 Julai 2002.
Perutusan Pengerusi
Y. Bhg. Dato’ Sukri bin Hj. Mohamed,
Pengerusi / Chairman
Message from the Chairman
Ulasan Prestasi Kewangan
Prestasi bagi tahun kewangan berakhir 31 Julai 2002
sangat mantap. Jumlah pendapatan meningkat daripada
RM26.7 juta kepada RM29.5 juta hasil aktiviti pemasaran
yang intensif dan tersasar berserta kempen-kempen
pendidikan awam.
Perolehan berpunca terutama sekali dari pernigaan teras
iaitu pengurusan harta pusaka dan peramanahan bagi
pelanggan individu dan korporat.
Perkhidmatan Individu
Di ARB, perkhidmatan berpadu meliputi pembukaan dan
pengurusan akaun peramanahan, perkhidmatan menulis
wasiat dan pentadbiran harta pusaka individu.
Akaun-akaun amanah merupakan sumber pendapatan
utama. Pada tahun kewangan 2002, ARB menguruskan
37,285 akaun peramanahan bernilai RM976.6 juta
berbanding 34,416 akaun bernilai RM959.4 juta pada
tahun kewangan 2001.
Pada tahun kewangan 2002, ARB telah memperkenalkan
produk-produk amanah baru bagi mempelbagaikan
perkhidmatan kami. Pada 23 Mei 2002, Educare, suatu
produk amanah serta pelaburan yang menggalakkan ibu
bapa dan penjaga menabung bagi pendidikan generasi
muka telah dilancarkan.
Perkhidmatan Korporat
Dalam bidang korporat, perkhidmatan peramanahan dana
saham amanah merupakan sumber pendapatan utama.
Pada 31 Julai 2002, ARB menjadi penjaga dan pemegang
amanah kepada lebih 50 unit dana amanah saham yang
mempunyai nilai RM42 bilion.
Sebagai langkah mempelbagaikan perolehan, ARB berjaya
menembusi pasaran pinjaman sebagai pemegang amanah
bagi beberapa terbitan bon korporat untuk tahun
kewangan 2002. Ini termasuk terbitan bon Syarikat
Hartanah Lintasan Kedua bernilai RM2.96 bilion, terbitan
Tiong Nam Transport bernilai RM45 juta dan terbitan
Kuala Sidim Berhad bernilai RM100 juta. Bank
Pembangunan Industri dalam kapasitinya sebagai
pembiaya telah melantik ARB sebagai pemegang amanah
bagi pinjaman RM620 juta yang diberi kepada Projek KL
Monorail. Sebagai badan korporat milik kerajaan, ARB
juga mempunyai kedudukan yang kukuh dalam
perkhidmatan peramanahan bagi pinjaman kerajaan
seperti “Government Support Loan” iaitu Pinjaman
Sokongan Kerajaan yang bernilai RM300 juta dan
pinjaman RM6.4 bilion kepada Syarikat Prasarana.
Butir-butir Kewangan Utama
Produk amanah merupakan penyumbang utama kepada
hasil syarikat bagi tahun kewangan 2001/2002. Syarikat
22
AMANAH
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2002
laporan tahunan • annual report
telah membuat pelaburan yang tinggi dalam perkakasan
teknologi maklumat dan aktiviti pemasaran dan promosi
yang telah meningkatkan jumlah pembelanjaan dan
penurunan keuntungan sebelum cukai kepada RM9.95
juta. Manfaat daripada pelaburan ini akan dapat dirasai
pada masa hadapan.
Sebaliknya, aset bersih bagi setiap saham meningkat
daripada RM6.96 kepada RM7.96. Sementara itu, dana
pemegang saham meningkat dari RM40.47 juta kepada
RM47.16 juta pada 31 Julai 2002.
Meningkatkan Mutu Urus Tadbir Korporat
ARB akan terus meningkatkan mutu urus tadbir korporat,
penzahiran dan ketelusan.
Walaupun ARB bukan syarikat awam tersenarai, kami
tetap akan mengamalkan peraturan-peraturan dan
pentadbiran yang ketat menurut Kod Urus Tadbir
Korporat Malaysia. Sepanjang tahun kewangan berakhir
31 Julai 2002, Jawatankuasa Audit dan Jabatan Audit
Dalaman berusaha mengesan risiko-risiko dan konflik
To all Stakeholders,
On behalf of the Board and management of Amanah
Raya Berhad (ARB), it gives me great pleasure to
present our annual report and statutory financial
statements for the financial year ended 31 July 2002.
Financial Review
ARB turned in a consistent performance for the financial
year ended 31 July 2002. Total revenues increased to
RM29.5 million from RM26.7 million for the previous
year, thanks to intensive and targeted marketing efforts
and public education campaigns.
Revenues were derived primarily from our core
businesses of legacy management and trust
administration for both retail and corporate clients.
Personal Services
At ARB, our integrated legacy management services
consist of creating and managing trust accounts, will
services, and administration of deceased’s estates.
As a core revenue generator, ARB managed 37,285 trust
accounts valued at RM976.6 million for FY2002,
compared to 34,416 trust accounts valued at RM959.4
million for FY2001.
For FY2002, ARB also began diversifying its retail
products by introducing trust and investment hybrids that
capitalize on our skills in trust and asset management. On
May 23, 2002, we launched Educare, a trust-cuminvestment product that encourages parents and
guardians to start saving for the education of future
generations.
Corporate Services
In corporate services, trustee services for unit trusts are
ARB’s primary breadwinner. As of 31 July 2002, ARB
acted as trustee and custodian for over 50 unit trust funds
with a net asset value of RM42 billion.
To further diversify revenues, ARB successfully
penetrated the debt market as a trustee for several
corporate bond exercises in FY2002. These include the
Wargakerja adalah nyawa kepada kejayaan syarikat yang berorientasikan
perkhidmatan. Oleh demikian ARB menekankan kepentingan melatih sumber
intelek serta menyediakan persekitaran yang memperkayakan peningkatan
sumber manusia yang lebih profesional.
People are crucial to the success of a services-oriented company. Recognising
this, ARB places great emphasis on training intellectual capital, and providing a
nourishing environment for personal and professional enhancement.
Second Link’s RM2.96 billion issue, Tiong Nam
Transport’s RM45 million issue and Kuala Sidim Berhad’s
RM100 million issue. End-financier Bank Pembangunan
Industri also appointed ARB as a trustee for the RM620
million loan awarded to the KL Monorail Project. By
virtue of its status as a government-owned corporation,
ARB also has a strong foothold in trustee services for
government debt issues, such as the RM300 million
Government Support Loan and the RM 6.4 billion loan
for Syarikat Prasarana.
Financial Highlights
Trust products are the highest revenue generator for
FY2001/2002. Heavy investments in IT equipment and
marketing as well as promotional activities have resulted
in the increase of expenses and reduction in profit before
tax to RM9.95 million. The benefits from these
investments will be realised in the future.
Commendably, net tangible assets per share grew to
RM7.96 against last year’s RM6.96. Meanwhile,
shareholders’ funds rose from RM40.47 million to
RM47.16 million as of 31 July 2002.
Enhancing Corporate Governance
ARB is committed to raising our standards of
corporate governance, disclosure and transparency.
Although ARB may not be a public-listed company yet,
we intend to apply the strictest rules of governance in
accordance with the best practices laid out in the
Malaysian Code of Corporate Governance. Throughout
the financial year ended 31 July 2002, the Board Audit
Committee and the Internal Audit Department have
striven to identify potential risks and conflicts and apply
adequate controls. The Board members have also
attended all mandatory training courses as prescribed by
the Companies Commission of Malaysia (formerly
Registrar of Companies) and the Securities Commission.
Dividends
The Board of Directors is pleased to recommend a final
dividend of 10 per cent less 28 per cent income tax. Since
corporatisation six years ago, ARB has consistently paid a
dividend of 10% to its shareholders.
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yang mungkin berlaku dan menggunakan kawalan yang
secukupnya. Ahli Lembaga Pengarah juga telah menghadiri
kesemua kursus-kursus latihan yang telah ditetapkan oleh
Suruhanjaya Syarikat (terdahulunya Pendaftar Syarikat) dan
Suruhanjaya Sekuriti.
Dividen
Lembaga Pengarah dengan sukacita menyarankan dividen
terakhir sebanyak 10 peratus ditolak cukai pendapatan 28
peratus. Sejak pengkorporatan enam tahun dahulu, ARB telah
dengan konsisten membayar dividen sebanyak 10% kepada
pemegang sahamnya.
Prospek
Pertumbuhan GDP diunjurkan pada 5 – 6 peratus pada tahun
hadapan. Tetapi sekiranya senario berubah disebabkan faktor
luaran seperti perang Amerika Syarikat – Iraq, krisis minyak, dan
kegiatan pengganas di sana sini, mungkin perdagangan
antarabangsa tergugat dan ekonomi terbuka Malaysia akan
terjejas. Namun demikian, ARB bersikap optimis bahawa
keamanan dan kemakmuran akan kekal di Malaysia, pasaran
utama kami.
Tinjauan Kewangan dan Strategi-Strategi Perniagaan
Kami mengharapkan pertumbuhan sederhana dalam pasaran
individu dan korporat yang sedia ada pada tahun kewangan
akan datang. ARB akan terus meningkatkan kesedaran tentang
produk-produknya, di samping membentuk produk-produk baru
dan berkembang ke segmen pasaran baru yang berpotensi.
Perkhidmatan Individu
ARB akan menekankan perkhidmatan peramanahan individu
dan pentadbiran pusaka yang mempunyai daya perkembangan
bagi tahun kewangan 2003. Buat masa kini, perkhidmatan
peramanahan individu merangkumi 33 peratus daripada
perolehan sementara pentadbiran pusaka merangkumi 36 peratus.
Kami berharap akan meningkatkan kesedaran awam tentang
produk dan servis ARB melalui pendidikan berterusan. Sebagai
negara membangun, minat terhadap peramanahan, wasiat dan
pentadbiran pusaka masih kurang, dan ARB berhasrat
mengembangkan penguasaan kami dalam pasaran runcit.
Khususnya, ARB bercita-cita menempatkan amanah, wasiat dan
pentadbiran pusaka sebagai produk-produk berpadu dan
menyeluruh yang bertujuan memupuk perpaduan keluarga.
ARB sedang menganjur usaha ke dalam pasaran perkhidmatan
pelaburan peribadi di samping menggiatkan penabungan
kebangsaan. Sebagai sebuah syarikat yang maju, kami sedang
menubuhkan beberapa produk hibrid peramanahan dan
pelaburan baru bagi beberapa ceruk pasaran.
ARB telah membentuk wasiat bagi orang Islam dan mempunyai
rancangan untuk melancarkan perkhidmatan “Hibah” atau
“pemberian.” Melalui Hibah, pelanggan boleh menghadiahkan
atau menyerahkan aset-aset kepada benefisiari semasa hayat
mereka. Aset-aset ini pula akan diuruskan oleh ARB mengikut
arahan pelanggan.
Perkhidmatan Korporat
Kami yakin bahawa industri dana saham amanah akan terus
berkembang berlatarbelakangkan ekonomi yang semakin sihat.
Kecairan masih tinggi dan institusi kewangan menggalak rakyat
Malaysia menabung melalui penubuhan dana baru. Kini, ARB
menjadi pemegang amanah kepada 52 dana saham amanah
yang mempunyai nilai terkumpul melebihi RM42 bilion,
bilangan unit melebihi 50 bilion dan merangkumi 30 peratus
dana saham amanah tempatan. ARB akan mempromosi
24
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perkhidmatan kami dengan giat untuk menegakkan penguasaan
kami dalam bidang saham amanah. Buat masa kini,
perkhidmatan ARB kepada dana saham amanah membentuk 30
peratus perolehan.
Pada tahun kewangan 2003, ARB akan memasarkan
perkhidmatan peramanahan bagi instrumen pinjaman dan dana
persaraan dengan lebih agresif. Khidmat peramanahan semakin
kritikal kerana syarikat awam tersenarai lebih giat membuat
pelbagai terbitan sekuriti seperti ICULs (Irredeemable
Convertible Unsecured Loan Stocks), bon Islam dan aset
bersekuriti. Syarikat yang sedang membuat penyusunan semula
dan memerlukan pinjaman, seperti syarikat di bawah Nota
Amalan 4, juga merupakan calon bagi perkhidmatan amanah
ARB. Dengan penuaan penduduk Malaysia, dana persaraan
persendirian mungkin lebih popular, dan akan memerlukan
pemegang amanah.
ARB juga mensasarkan kelab golf dan rekreasi sebagai
pelanggan korporat. Seeloknya, kelab golf dan rekreasi
menggunakan khidmat pemegang amanah untuk melindungi
hak-hak ahli kelab dan mentadbir dana penjelas bagi
membaikpulih dan mengawalselia padang, kelab golf dan lainlain peralatan riadah.
Meningkatkan Penzahiran dan Urus Tadbir Korporat
ARB bertekad meningkatkan penzahiran dalam tahun kewangan
akan datang, dengan memperbaiki saluran komunikasi dengan
pemegang saham. Maklumat terbaru tentang produk,
perkhidmatan dan operasi boleh diakses di laman web ARB,
www.arb.com.my, dan e-mel boleh ditujukan ke
sales@arb.com.my. Dan ARB akan terus menerbitkan Eksklusif,
majalah dalaman ARB yang juga berfungsi sebagai alat
pemasaran dan komunikasi korporat.
Kami telah mempelbagaikan penyusunan dan kecekapan
Lembaga Pengarah dengan meramaikan ahli kepada tujuh
orang. Hasilnya, ARB kini mempunyai tiga pengarah bebas
bukan eksekutif (termasuk saya), seorang pengarah urusan, dan
tiga pengarah bukan bebas bukan eksekutif. Saya mengalualukan kehadiran rakan-rakan baru saya dan yakin bahawa
kecekapan dan pengalaman mereka akan mengukuhkan mutu
dan prestasi ARB, terutamanya dalam peningkatan perniagaan
dan urus tadbir korporat.
Penghargaan
Sekalung budi dihulurkan kepada semua pihak yang menjadi
tunggak kejayaan ARB selama ini. Saya mengucapkan ribuan
terima kasih kepada semua pemegang saham, pelangganpelanggan, pengurus-pengurus, wargakerja serta ahli-ahli
Lembaga Pengarah di atas sokongan anda.
Berkat sokongan dan dokongan anda, ARB telah berkembang
maju sebagai institusi peramanahan terulung sejak kelahirannya
lapan puluh satu tahun dahulu pada 1hb Mei 1921. Saya yakin
bahawa kedudukan ARB akan terus kukuh dan semakin maju
pada dekad-dekad akan datang.
Sebelum berakhir, saya merakamkan setinggi terima kasih kepada
Dato’ Muraly Daran, bekas Ketua Pegawai Eksekutif ARB, di atas
segala perkhidmatannya. Kini, Dato’ Muraly telah ditugaskan
membentuk subsidiari Amanah Raya Capital Sdn Bhd menjadi
sebuah entiti yang kuat dan bersasarkan jualan. Akhir kata, saya
bagi pihak Lembaga Pengarah mengalu-alukan kemasukan Encik
Izham Yusoff sebagai Pengarah Urusan dan Ketua Pegawai Eksekutif
baru. Beliau berpengalaman luas dalam bidang kewangan dan
perancangan strategik dan saya yakin bahawa semua pihak akan
bekerjasama dengan harmoni. Moga-moga nama ARB akan
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Prospects
The upcoming year looks set to be prosperous for the nation,
with GDP growth projected at approximately 5 - 6 per cent. But
in a worst-case scenario, unsettling external events such as an
imminent US-Iraq war, a potential oil crisis, and spurts of
terrorism around the globe may hinder world trade and affect
Malaysia’s open economy. Nevertheless, ARB is sanguine that
peace and prosperity will prevail in Malaysia, our primary
market.
Financial Outlook and Business Strategies
Next financial year, we expect moderate growth in our existing
retail and corporate markets. To drive revenue and profit growth,
ARB will focus on improving the overall awareness of our
services, while devoting resources to developing potential new
products and market segments.
Personal Services
For FY2003, ARB will still emphasise the growth areas of
personal trusts and estate administration services, which
currently make up 33 per cent and 36 per cent respectively of
revenues.
Through continuing education, we hope to increase
awareness of our products and services among Malaysians at
large. As a developing nation, interest in trusts, wills and estate
administration is still tepid, and we plan to extend our
dominance in this promising retail market. In particular, ARB
wants to position trusts, wills and legacy management as a
holistic and integrated instrument for nurturing family
cohesiveness.
ARB is also expanding our reach in the growing market for
personalised investment services, while galvanizing national
savings. As a progressive company, we are developing new
hybrid trust-and-investment products for various market niches.
ARB has developed Islamic wills and is planning to launch Hibah
or “gift” services. Through Hibah, clients convey assets to the
beneficiaries of their choice during their lifetime. These assets are
then managed by ARB in accordance with the client’s
instructions.
Corporate Services
We believe unit trust funds will continue to flourish, given a
recovering economy. Liquidity remains high and financial
institutions are still tapping the Malaysian propensity to save by
creating new trusts. Currently, ARB acts as trustee to 52 unit
trusts in total, catering to about 30 per cent of local unit trusts
with a combined net asset value of more than RM 42 billion and
more than 50 billion units in total. We will continue to promote
our services aggressively in order to maintain our leadership in
the growing field of unit trusts. At present, our professional
trustee services to unit trust funds make up 30 per cent of
revenues.
In FY2003, ARB will market our trustee services for debt
instruments and pension funds with greater aggression. Trustee
services are in growing demand as local public-listed companies
introduce varied capital-raising exercises using instruments as
diverse as ICULs (Irredeemable Convertible Unsecured Loan
Stocks), Islamic bonds and securitised assets. Companies
undergoing restructuring, such as Practice Note 4 companies,
could also be fertile, albeit riskier, clients for ARB’s services as
they attempt to raise funding. Given the gradual greying of the
country’s population, private pension funds may take root, and
these too require trustees.
Elsewhere, ARB is targeting golf and country clubs. Ideally, golf
and country clubs should employ the services of trustees to
protect clubmembers’ interests and administer sinking funds for
the purposes of maintaining and repairing greens, clubhouses
and other recreational amenities.
Enhancing Disclosure and Corporate Governance
ARB intends to substantially improve disclosure in the new
financial year, by improving existing channels for
communicating with stakeholders. Up-to-date information on
products, services and operations can now be accessed at the
official ARB website, www.arb.com.my, and e-mail can be sent
to ARB at sales@arb.com.my. And ARB will continue publishing
Eksklusif, the in-house ARB magazine that functions as a
marketing and corporate communications vehicle.
We have injected extra diversity into the composition and skills
of our Board by increasing the number of directors to seven. As
a result, we now have three independent non-executive directors
(including myself), one managing director, and three nonexecutive, non-independent directors. I bid my new colleagues a
warm welcome, and believe that their combined expertise holds
tremendous potential and synergies for ARB, especially in the
areas of business development and corporate governance.
Acknowledgements
Bouquets are in order for all parties who have contributed to
ARB’s long-lived success. I extend my thanks and heartfelt
appreciation
to
all
our
shareholders,
customers,
management and staff as well as my fellow Board members.
Thanks to your backing and input, ARB has evolved into a preeminent trust institution since its inception eighty-one years ago
on May 1st 1921. Given your unwavering support, I have every
confidence that ARB’s longevity and prominence will be assured
for decades to come.
Finally, I wish to thank Dato’ Muraly Daran, the former Chief
Executive Officer of ARB, for his invaluable services. Dato’
Muraly has now accepted the challenge of shaping
subsidiary Amanah Raya Capital Sdn Bhd into a fighting fit and
market-oriented entity. In his place, the Board welcomes the new
Managing Director and Chief Executive Officer Encik Izham
Yusoff, who brings extensive experience in strategic planning and
finance to ARB. I have no doubt that we will work harmoniously
together to hone ARB into a household name synonymous with
trusts.
Y. Bhg. Dato’ Sukri bin Hj. Mohamed
Pengerusi / Chairman
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Dari Meja Pengarah Urusan
From the Desk of the Managing Director
Pemegang saham yang budiman,
Sebagai Pengarah Urusan baru syarikat peramanahan yang
ulung di Malaysia, dengan sukacitanya saya membentangkan
taksiran perniagaan-perniagaan teras dan operasi bagi tahun
kewangan berakhir 31 Julai 2002.
Perniagaan-Perniagaan Teras
Tahun kewangan 2002 merupakan suatu tahun yang mantap
bagi ARB. Seperti pada tahun-tahun sebelumnya, perolehan dari
perkhidmatan peramanahan perseorangan dan korporat
menyumbangkan dua-pertiga pendapatan ARB, manakala satupertiga disumbang oleh perkhidmatan pentadbiran harta pusaka.
Khidmat Peramanahan
Nilai terkumpul akaun peramanahan yang diurus oleh ARB
meningkat daripada RM959.36 juta pada 31 Julai 2001 kepada
RM976.58 juta pada 31 Julai 2002. Jumlah pelanggan juga telah
meningkat daripada 34, 416 kepada 37,285.
Semua pelabur telah dibayar dividen pada kadar kompetitif
sebanyak 5 peratus setahun bagi tahun kewangan 2002
Encik Izham bin Yusoff
Pengarah Urusan dan Ketua Pegawai Eksekutif /
Managing Director and Chief Executive Officer
mengatasi kadar simpanan tetap yang sedia ada. Ini masih
mampu dilakukan meskipun prestasi Bursa Saham Kuala Lumpur
merosot sebahagian besar tahun 2002 mengurangkan pulangan
pelaburan ekuiti ARB. Mujurlah ARB berjaya menangkis
kerugian dengan membuat pelaburan bijak dalam bon-bon,
sekuriti pasaran kewangan dan sekuriti kerajaan.
Ketika pasaran Malaysia dibanjiri wang, pengurus-pengurus
mengambil peluang menubuhkan beberapa dana baru. ARB
dilantik sebagai pemegang amanah kepada 6 dana baru, hasil
usaha mendapatkan bahagian yang lebih besar di dalam pasaran
dan kadar fee kompetitif yang ditawarkan. Pada 31 Julai 2002,
ARB menjadi pemegang amanah saham kepada 50 dana dengan
nilai keseluruhan melebihi RM42 bilion berbanding dengan
bilangan dana sebanyak 44 buah bernilai RM42 bilion pada
tahun 2001.
Pengurusan Harta Pusaka
Jumlah harta pusaka yang diuruskan oleh ARB telah meningkat
kepada 16,296 kes bernilai RM127 juta berbanding dengan
17,164 kes bernilai RM111.67 juta pada tahun 2001. Terdapat
kepentingan untuk memastikan harta pusaka yang ditinggalkan
ditadbirkan dengan segera untuk manfaat dan
kebaikan ahli keluarga dan waris. ARB
mempromosi pengurusan harta pusaka bagi
menimbulkan kesedaran kepada orang ramai
tentang mustahaknya mereka menggunakan
perkhidmatan ARB. Promosi dijalankan melalui
edaran risalah dan iklan melalui media cetak dan
elektronik.
Pengurusan harta melibatkan beberapa instrumen
penting seperti penulisan wasiat dan pelantikan
ARB sebagai wasi ataupun Pentadbir. Ini akan
menjamin harta yang dipunyai diuruskan dengan
teratur demi kepentingan waris kita.
Taksiran Operasi
Bagi tahun kewangan 2002, ARB dapat
memantapkan perolehan dan keuntungan
sebelum cukai pada tahap sejajar dengan tahun
kewangan 2001.
Pembangunan Sumber Manusia
Wargakerja adalah nyawa kepada kejayaan
syarikat yang berorientasikan perkhidmatan.
Oleh demikian ARB menekankan kepentingan
melatih sumber intelek serta menyediakan alam
sekitar yang memperkayakan peningkatan
sumber manusia yang lebih profesional.
Sepanjang tahun ARB menjalankan seminarseminar berteraskan latihan produk mengenai
penulisan wasiat, peramanahan, pentadbiran
pusaka dan hal-hal berkaitan seperti kewangan,
pemasaran dan teknologi. Beberapa bengkel
mengenai Peramanahan, Wasiat dan Pentadbiran
Pusaka telah juga diadakan untuk manfaat
kakitangan tempatan.
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Penggunaan komputer di semua cawangan telah meningkatkan produktiviti di
kalangan wargakerja ARB dan telah membantu menyediakan perkhidmatan yang
lebih efisyen dan cepat kepada pelanggan yang semakin bertambah.
Full computerization at all branch offices has resulted in a surge in productivity
among ARB staff, and helped us provide faster and more efficient services for our
growing customer base.
in FY2001. ARB has to stress the importance of managing legacy
expeditionaly, in order to safeguard the financial welfare of
families and beneficiaries. In addition, we are actively educating
the public on the relevance and importance of ARB’s legacy
management services. Currently, we are focusing our
promotional efforts on distributing brochures, as well as
advertising in the print and electronic media.
Managing assets would require you to take important measures
such as will-writing and appointing ARB as the Executor or
Administrator of your estate. By taking these two crucial steps,
we guarantee that your estate will be professionally managed in
the best interests of your beneficiaries.
Operations Review
In FY2002, ARB successfully maintained revenues and pre-tax
profits at levels similar to FY2001.
Dear Stakeholders,
As the new Managing Director at the helm of Malaysia’s preeminent trust company, I am pleased to present the review of
ARB’s core businesses and operations for the year ended 31 July
2002.
Developing Human Resources
People are crucial to the success of a service-oriented company.
Recognising this, ARB places great emphasis on developing
intellectual capital, and providing a nourishing environment for
personal and professional enhancement.
Core Businesses
FY2002 was a steady year for ARB. As in previous years,
personal and corporate trustee services accounted for two-thirds
of ARB’s revenues, while estate administration services made up
the remaining one-third.
Throughout the year, ARB conducted intensive product training
seminars on will writing, trusts, estate administration and related
operational functions like finance, information technology and
marketing. A series of workshops on Trusts, Wills and Estate
Administration were also held for the benefit of regional staff.
Trusts
Total trust funds under ARB’s management rose from RM959.36
billion as at 31 July 2001 to RM976.58 million as at 31 July 2002.
The number of trust accounts has also increased from 34, 416 to
37,285.
With an efficient and small workforce of 320, ARB employees are
close-knit. Here at ARB, all staff are encouraged to bond closely
with each other through work as well as special events like
Family Day and Staff Appreciation Day.
ARB rewarded accountholders with a competitive dividend rate
of 5 per cent p.a. for FY2002, outpacing the prevailing fixed
deposit rate despite the bearish mode of KLSE for much of
FY2002 which subsequently affected the returns on ARB’s equity
investments. ARB managed to mitigate negativity by prudently
investing in diverse instruments such as bonds, money market
securities and government paper.
In the area of corporate trustee services, several new unit trust
funds were launched as managers capitalised on the ample
liquidity flooding the Malaysian market. Thanks to aggressive
marketing and competitive pricing, ARB was appointed as
trustee to 6 new funds. As at 31 July 2002, ARB stood as trustee
to 50 funds with a net asset value of more than RM 42 billion. At
end-FY2001, ARB was trustee to 44 funds valued with an
approximate net asset value of RM42 billion.
Legacy Management / Estate Administration
The total value of the estates or legacies under ARB
administration rose substantially to 16,296 cases valued at
RM127 million against 17,164 cases valued at RM111.67 million
Religious and social enlightenment is equally germane for staff
welfare, and spills over to create a harmonious and serene family
life. For the benefit of the Muslim-majority staff, ARB is building
a well-equipped prayer room where religious classes and talks
can be held in comfort.
Capitalising on Information Technology
Full computerization at all branch offices has resulted in a surge
in productivity among ARB staff, and helped us provide faster
and more efficient services for our growing customer base. ARB
has plans to invest in Customer Relationship Management
systems, which would enable us to provide personalized services
that meet the varied demands of our retail and corporate clients.
Improving Customer and Staff Satisfaction
Nurturing customer awareness and satisfaction lies at the root of
ARB’s long success.
Throughout 2003, ARB will continue to hold public
workshops and roadshows on trusts, will writing and legacy
management. We anticipate a rousing response, based on full
attendance at our earlier campaigns in 2001. Building awareness
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Warga kerja di ARB yang terdiri dari 320 orang walaupun kecil,
sungguh akrab. Di ARB, semua wargakerja digalakkan
meningkatkan rasa kekeluargaan sama ada dalam bidang tugas
atau pun pada peristiwa-peristiwa khas seperti Hari Keluarga
dan Hari Penghargaan Wargakerja.
Penghayatan ugama dan kesedaran tanggungjawab sosial
memberi manfaat kepada kebajikan wargakerja dan akan
melahirkan suasana kekeluargaan yang harmonis dan aman. Bagi
wargakerja yang majoritinya beragama Islam, sebuah bilik solat
di mana tazkirah dan ceramah-ceramah boleh dianjurkan sedang
dibina.
Matlamat Teknologi Informasi
Penggunaan komputer di semua cawangan telah meningkatkan
produktiviti di kalangan wargakerja ARB dan telah membantu
menyediakan perkhidmatan yang lebih efisyen dan cepat kepada
pelanggan yang semakin bertambah. ARB mempunyai rancangan
untuk melabur dalam Sistem Pengurusan Perhubungan
Pelanggan yang akan membolehkan kami menyediakan
perkhidmatan lebih mesra bagi melayani permintaan pelanggan
perseorangan ataupun korporat.
Peningkatan Rasa Kepuasan Pelanggan dan Warga Kerja
Menjana kesedaran dan kepuasan pelanggan merupakan teras
kejayaan ARB. Sepanjang 2003, ARB akan meneruskan usaha
mengadakan bengkel-bengkel umum dan pameran bergerak
tentang peramanahan, penulisan wasiat dan pengurusan harta
pusaka. Kami menjangka sambutan yang meriah berdasarkan
kehadiran yang menggalakkan pada kempen-kempen awal tahun
2001. Meningkatkan kesedaran melalui pendidikan merupakan
tugas asas di ARB kerana kurang 10 peratus penduduk Malaysia
dilindungi peramanahan atau wasiat.
Sayugia itu, kepuasan pelanggan adalah komponen terpenting
kejayaan kami. Rancangan mengadakan perhubungan pelanggan
dan pihak pengurusan melibatkan penubuhan pusat panggilan di
ibu pejabat di mana semua pertanyaan pelanggan akan dilayan
mengikut keutamaan. Wargakerja juga akan diberi kursus intensif
sepanjang 2003 untuk meningkatkan kecekapan dan kemesraan.
Peluang bagi pelanggan berhadapan dengan wargakerja yang
mesra merupakan tunggak kejayaan ARB selama 80 tahun ini.
Perkembangan rangkaian ke seluruh Malaysia akan
menambahkan lagi peluang bagi pelanggan berinteraksi dengan
ARB. Dua buah cawangan mini telah pun dibuka pada 1 Oktober
2002 di Bangi, Selangor dan di Temerloh, Pahang. Dua lagi
cawangan mini sedang diusahakan di Sungai Petani, Kedah dan
Kuala Krai, Kelantan untuk memenuhi keperluan komuniti di
sana.
Penutup
Sektor perkhidmatan diunjurkan menjadi bertambah penting
dalam pembangunan ekonomi Malaysia. ARB memegang
kedudukan unik sebagai pembekal terbesar dan peneraju dalam
industri peramanahan.
Pada hari muka, perkhidmatan ARB dijangka berkembang pesat
melalui pembaruan produk, pergabungan strategik, prasarana IT
yang moden, serta pencapaian wargakerja produktif. Berkat
pengalaman Lembaga Pengarah yang arif, serta sokongan setiap
wargakerja, saya yakin bahawa ARB akan terus mencatat
pertumbuhan mantap pada tahun 2003.
Matlamat utama ARB adalah menyediakan kedudukan kewangan yang
kukuh bagi keluarga. Melalui sistem pengurusan harta pusaka, kami
membantu anda merancang serta menguruskan harta, membuat
wasiat, dan menubuhkan dana amanah agar yang tersayang
terpelihara semasa dan sesudah hayat anda.
At ARB, a paramount goal is to weave a blanket of financial security
for families. Through our legacy management system, we help you
plan and protect assets, write wills and create trusts to ensure that
loved ones are provided for, during and after your lifetime.
through continuing education is a key task at ARB,
since less than 10 per cent of the Malaysian population
are protected via trusts and wills.
Similarly, customer satisfaction is a crucial component
of our success. Our ongoing customer relationship
management plan entails setting up a call centre at
headquarters where customer queries will then be
prioritized according to urgency. Staff will also undergo
intensive customer service training throughout 2003 to
perfect their efficiency and human touch.
Easy face-to-face access is also fundamental to ARB’s
longevity. ARB’s human touch will expand as our
branch
network
grows,
improving
our
accessibility to clients across Malaysia. We now have
two new mini branches at Bangi in Selangor and
Temerloh in Pahang, which commenced operations on
1 October 2002. Two new mini-branches are being
readied at Sungei Petani in Kedah and Kuala Krai in
Kelantan to fulfil the needs of these niche communities.
In Conclusion
The service sector is projected to become an
increasingly important component of the Malaysian
economy as we head towards full economic
development. ARB holds a unique position as the
nation’s largest and leading service provider in the key
trust industry.
In years to come, I expect ARB to expand its range of
services trough product innovation, strategic alliances,
improved IT infrastructure and productive workforce. I
am confident that ARB will continue to chart a steady
growth in 2003 driven by the collective wisdom of the
Board and the support of each and everyone of our
staff.
Encik Izham bin Yusoff
Pengarah Urusan dan Ketua Pegawai Eksekutif /
Managing Director and Chief Executive Officer
28
AMANAH
R AYA
BERHAD
2002
laporan tahunan • annual report
Penyata Kewangan Statutori
Statutory Financial Statements
29
Penyata Kewangan Statutori
Statutory Financial Statements
30
Laporan Pengarah
Directors’ Report
34
Kenyataan Pengarah
Directors’ Statement
35
Laporan Juruaudit
Auditors’ Report
36
Penyata Pendapatan
Income Statement
37
Kunci Kira-Kira
Balance Sheet
38
Penyata Perubahan Ekuiti
Statement of Changes in Equity
40
Penyata Aliran Tunai
Cashflow Statement
41
Nota Kepada Penyata Kewangan
Notes to the Financial Statements
AMANAH
R AYA
BERHAD
29
2002
laporan tahunan • annual report
Laporan Pengarah
Directors’ Report
The Directors have pleasure in submitting their report together with the audited financial statements of the
Group and of the Company for the financial year ended 31 July 2002.
PRINCIPAL ACTIVITIES
The principal activities of the Company consist of administering estates of deceased persons and acting as
trustee for minors, the public and unit trust schemes.
The principal activities of the subsidiary companies are set out in Note 10 to the financial statements.
There have been no significant changes in the nature of these activities during the financial year.
FINANCIAL RESULTS
Profit from ordinary activities after tax
Group
RM
Company
RM
7,220,190
7,284,168
DIVIDENDS
The amount of dividends paid or declared by the Company since 31 July 2001 were as follows:
RM
In respect of the year ended 31 July 2000 as shown in the Directors’ report
for that year:
Final gross tax exempt dividend of 10 sen per share on 6,000,002 ordinary
shares, paid on 29 October 2001
600,000
In respect of the year ended 31 July 2001 as shown in the Directors' report
for that year:
Final gross tax exempt dividend of 10 sen per share on 6,000,002 ordinary
shares, paid on 12 October 2001
600,000
1,200,000
The Directors now recommend a first and final tax exempt dividend of 10 sen gross per share, amounting to
RM600,000 in respect of the financial year ended 31 July 2002 subject to the approval of members at the
forthcoming Annual General Meeting of the Company.
RESERVES AND PROVISIONS
All material transfers to or from reserves or provisions during the financial year are shown in the financial
statements.
30
AMANAH
R AYA
BERHAD
2002
laporan tahunan • annual report
Laporan Pengarah (sambungan)
Directors’ Report (continued)
DIRECTORS
The Directors who have held office during the period since the date of the last report are:
En. Mohamed Bazain bin Haji Idris
Datin Hajjah Fauziah binti Haji Mohd Ramly
YBhg. Dato' Sukri bin Hj. Mohamed
Tuan Hj. Ab. Gani bin Haron
Puan Zakiah binti Kassim
YBhg. Dato’ Mohamed bin Jamrah
(Appointed on 17.1.2002)
(Resigned on 31.8.2001)
(Resigned on 31.8.2001)
DIRECTORS' BENEFITS
During and at the end of the financial year, no arrangements subsisted to which the Company is a party, with
the object or objects of enabling Directors of the Company to acquire benefits by means of the acquisition of
shares in, or debentures of the Company or any other body corporate.
Since the end of previous financial year, no director has received or become entitled to receive a benefit (other
than benefits disclosed as Directors' emoluments in Note 4 to the financial statements) by reason of a contract
made by the Company or a related corporation with the Director or with a firm of which he is a member, or
with a company in which he has a substantial financial interest.
DIRECTORS' INTERESTS IN SHARES
According to the register of Directors' shareholdings, none of the Directors have direct and indirect interest in
the Company and its related corporations at the end of the financial year.
HOLDING CORPORATION
The Directors regard the Ministry of Finance (Incorporated) as the holding corporation.
AMANAH
R AYA
BERHAD
31
2002
laporan tahunan • annual report
Laporan Pengarah (sambungan)
Directors’ Report (continued)
STATUTORY INFORMATION ON THE FINANCIAL STATEMENTS
Before the income statements and balance sheets were made out, the Directors took reasonable steps:
(a)
to ascertain that proper action had been taken in relation to the writing off of bad debts and the making
of allowance for doubtful debts and satisfied themselves that all known bad debts had been written off
and that adequate allowance had been made for doubtful debts; and
(b)
to ensure that any current assets, other than debts, which were unlikely to realise in the ordinary course
of business their values as shown in the accounting records of the Group and the Company have been
written down to an amount which they might be expected so to realise.
At the date of this report, the Directors are not aware of any circumstances:
(a)
which would render the amounts written off for bad debts or the amount of the allowance for doubtful
debts in the financial statements of the Group and the Company inadequate to any substantial extent;
or
(b)
which would render the values attributed to current assets in the financial statements of the Group and
the Company misleading; or
(c)
which have arisen which render adherence to the existing method of valuation of assets or liabilities of
the Group and the Company misleading or inappropriate.
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, in the opinion of the Directors, will or may
substantially affect the ability of the Group and the Company to meet its obligations when they fall due.
At the date of this report, there does not exist:
32
AMANAH
(a)
any charge on the assets of the Group and the Company which has arisen since the end of the financial
year which secures the liability of any other person; or
(b)
any contingent liability of the Group and the Company which has arisen since the end of the financial
year.
R AYA
BERHAD
2002
laporan tahunan • annual report
Laporan Pengarah (sambungan)
Directors’ Report (continued)
OTHER STATUTORY INFORMATION
At the date of this report, the Directors are not aware of any circumstances not otherwise dealt with in this
report or the financial statements which would render any amount stated in the financial statements
misleading.
In the opinion of the Directors:
(a)
the results of the operations of the Group and the Company during the financial year were not
substantially affected by any item, transaction or event of a material and unusual nature; and
(b)
there has not arisen in the interval between the end of the financial year and the date of this report any
item, transaction or event of a material and unusual nature likely to affect substantially the results of
the operations of the Group and the Company for the financial year in which this report is made.
AUDITORS
The auditors, PricewaterhouseCoopers, have expressed their willingness to continue in office.
Signed in accordance with the resolution of the Directors:
DATO’ SUKRI BIN HJ MOHAMED
CHAIRMAN
HJ AB GANI BIN HARON
DIRECTOR
Kuala Lumpur
19 November 2002
AMANAH
R AYA
BERHAD
33
2002
laporan tahunan • annual report
Kenyataan Pengarah Berdasarkan
Seksyen 169(15) Akta Syarikat, 1965
Statement By Directors Pursuant To
Section 169(15) Of The Companies Act, 1965
We, Dato’ Sukri bin Hj Mohamed and Mohamed Bazain bin Idris, being two of the Directors of Amanah Raya
Berhad, do hereby state that, in the opinion of the Directors the financial statements set out on pages 40 to
55, are drawn up so as to give a true and fair view of the state of affairs of the Group and Company as at 31
July 2002 and of the results and cash flows of the Group and Company for the financial year ended on that
date in accordance with the applicable approved accounting standards in Malaysia and provisions of the
Companies Act 1965.
Signed in accordance with the resolution of the Directors:
DATO’ SUKRI BIN HJ MOHAMED
CHAIRMAN
HJ AB GANI BIN HARON
DIRECTOR
Kuala Lumpur
19 November 2002
Pengisytiharan Berdasarkan
Seksyen 169(16) Akta Syarikat, 1965
Declaration Pursuant To Section 169(16)
Of The Companies Act, 1965
I, Izham Yusoff, the officer primarily responsible for the financial management of Amanah Raya Berhad, do
solemnly and sincerely declare that the financial statements set out on pages 40 to 55 are, in my opinion,
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.
IZHAM YUSOFF
Subscribed and solemnly declared by the abovenamed Izham Yusoff, at Kuala Lumpur in Malaysia on
19 November 2002, before me.
COMMISSIONER FOR OATHS
34
AMANAH
R AYA
BERHAD
2002
laporan tahunan • annual report
Laporan Juruaudit Kepada Pemegang Amanah Raya Berhad
Report Of The Auditors To The Members Of Amanah Raya Berhad
We have audited the financial statements set out on pages 40 to 55. These financial statements are the
responsibility of the Company’s Directors. Our responsibility is to express an opinion on these financial
statements based on our audit.
We conducted our audit in accordance with approved auditing standards in Malaysia. Those standards require
that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are
free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts
and disclosures in the financial statements. An audit also includes assessing the accounting principles used
and significant estimates made by the Directors, as well as evaluating the overall financial statement
presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion:
(a)
(b)
the financial statements have been prepared in accordance with the provisions of the Companies Act
1965 (the Act) and applicable approved accounting standards in Malaysia so as to give a true and fair
view of:
(i)
the matters required by Section 169 of the Companies Act 1965 to be dealt with in the
financial statements; and
(ii)
the state of affairs of the Group and Company as at 31 July 2002 and of the results and cash
flows of the Group and Company for the year ended on that date; and
the accounting and other records and the registers required by the Act to be kept by the Company and
subsidiary company which we have acted as auditors have been properly kept in accordance with the
provisions of the Act.
The names of the subsidiary companies of which we have not acted as auditors are indicated in Note 10 to
the financial statements. We have considered the financial statements of these subsidiary companies and the
auditors’ reports thereon.
We are satisfied that the financial statements of the subsidiary companies that have been consolidated with
the Company's financial statements are in form and content appropriate and proper for the purposes of the
preparation of the consolidated financial statements and we have received satisfactory information and
explanations required by us for those purposes.
The auditors’ reports on the financial statements of the subsidiary companies were not subject to any
qualification and did not include any comment made under subsection (3) of Section 174 of the Act.
PRICEWATERHOUSECOOPERS
(No. AF: 1146)
Chartered Accountants
MOHAMMAD FAIZ BIN MOHAMMAD AZMI
(No. 2025/03/04 (J))
Partner of the firm
Kuala Lumpur
19 November 2002
AMANAH
R AYA
BERHAD
35
2002
laporan tahunan • annual report
Penyata Pendapatan Untuk Tahun Berakhir 31 Julai 2002
Income Statement For The Year Ended 31 July 2002
Group
Note
2002
RM
2001
RM
2002
RM
2001
RM
27,978,240
25,044,630
27,813,183
24,783,587
1,722,262
1,898,312
1,718,003
1,887,728
(18,367,743)
(14,849,473)
(18,237,167)
(14,853,701)
Administrative expenses
(613,874)
(597,974)
(590,922)
(520,480)
Other operating expenses
(770,552)
(725,387)
(698,227)
(617,245)
Revenue
3
Other operating income
Operating expenses
Profit from operations
4
9,948,333
10,770,108
10,004,870
10,679,889
Finance cost
5
0
(31,212)
0
(31,212)
9,948,333
10,738,896
10,004,870
10,648,677
(2,728,143)
(3,329,000)
(2,720,702)
(3,305,000)
7,220,190
7,409,896
7,284,168
7,343,677
Profit from ordinary activities
before tax
Tax
6
Profit from ordinary activities
after tax
36
AMANAH
Company
Earnings per share (sen)
7
120.3 sen
123.5 sen
Dividend per share (sen)
8
10 sen
10 sen
R AYA
BERHAD
2002
laporan tahunan • annual report
Kunci Kira-Kira Pada 31 Julai 2002
Balance Sheet As At 31 July 2002
Group
Note
Company
2002
RM
2001
RM
2002
RM
2001
RM
3,730,804
0
3,160,301
4
3,556,864
300,004
3,156,360
50,004
3,730,804
3,160,305
3,856,868
3,206,364
11,880,604
10,871,409
11,862,201
10,858,357
1,980,070
1,939,211
1,744,511
1,928,322
0
0
304,896
0
38,329,910
34,734,368
37,825,059
33,439,419
52,190,584
47,544,988
51,736,667
46,226,098
4,169,869
4,445,878
3,852,056
3,264,548
0
35,274
2,013,861
600,000
0
58,857
2,494,952
0
0
35,274
2,013,861
600,000
1,517
58,857
2,468,452
0
6,819,004
6,999,687
6,501,191
5,793,374
45,371,580
40,545,301
45,235,476
40,432,724
7,500
1,936,805
400,000
1,567,717
0
1,936,805
400,000
1,567,717
1,944,305
1,967,717
1,936,805
1,967,717
47,158,079
41,737,889
47,155,539
41,671,371
6,000,002
41,158,077
6,000,002
35,737,887
6,000,002
41,155,537
6,000,002
35,671,369
47,158,079
41,737,889
47,155,539
41,671,371
7.96
6.96
NON CURRENT ASSETS
Property, plant and equipment
Subsidiary companies
9
10
CURRENT ASSETS
Fees receivable
Other receivables and
prepayments
Amounts owing from
subsidiary companies
Deposits, cash and bank
balances
11
12
LESS: CURRENT LIABILITIES
Other payables and accruals
Amount owing to a subsidiary
company
Provision for retirement benefits
Taxation
Proposed dividend
13
15
8
NET CURRENT ASSETS
LESS: NON CURRENT
LIABILITIES
Deferred tax
Provision for retirement benefits
14
15
CAPITAL AND RESERVE
Share capital
Retained earnings
NET TANGIBLE ASSETS
PER SHARE (RM)
AMANAH
R AYA
BERHAD
37
2002
laporan tahunan • annual report
Penyata Perubahan Ekuiti Untuk Tahun Berakhir 31 Julai 2002
Statement Of Changes In Equity For The Year Ended 31 July 2002
Issued and fully paid
ordinary shares
of RM1 each
Distributable
Number of
shares
Nominal
value
RM
Retained
earnings
RM
Total
RM
- as previously reported
- prior year adjustment
6,000,002
0
6,000,002
0
27,727,991
1,200,000
33,727,993
1,200,000
- as restated
6,000,002
6,000,002
28,927,991
34,927,993
0
0
7,409,896
7,409,896
0
0
(600,000)
(600,000)
6,000,002
6,000,002
35,737,887
41,737,889
- as previously reported
- prior year adjustment
6,000,002
0
6,000,002
0
34,537,887
1,200,000
40,537,889
1,200,000
- as restated
6,000,002
6,000,002
35,737,887
41,737,889
0
0
7,220,190
7,220,190
0
0
0
0
0
0
(600,000)
(600,000)
(600,000)
(600,000)
(600,000)
(600,000)
6,000,002
6,000,002
41,158,077
47,158,079
Note
Group
At 1 August 2000
Profit from ordinary
activities after tax
Dividend for the year
ended 31 July 1999
8
At 31 July 2001
At 1 August 2001
Profit from ordinary
activities after tax
Dividends for the year
ended
- 31 July 2000
- 31 July 2001
- 31 July 2002
At 31 July 2002
38
AMANAH
R AYA
BERHAD
8
8
8
2002
laporan tahunan • annual report
Penyata Perubahan Ekuiti Untuk Tahun Berakhir 31 Julai 2002
Statement Of Changes In Equity For The Year Ended 31 July 2002
Issued and fully paid
ordinary shares
of RM1 each
Distributable
Number of
shares
Nominal
value
RM
Retained
earnings
RM
Total
RM
- as previously reported
- prior year adjustment
6,000,002
0
6,000,002
0
27,727,692
1,200,000
33,727,694
1,200,000
- as restated
6,000,002
6,000,002
28,927,692
34,927,694
0
0
7,343,677
7,343,677
0
0
(600,000)
(600,000)
6,000,002
6,000,002
35,671,369
41,671,371
- as previously reported
- prior year adjustment
6,000,002
0
6,000,002
0
34,471,369
1,200,000
40,471,371
1,200,000
- as restated
6,000,002
6,000,002
35,671,369
41,671,371
0
0
7,284,168
7,284,168
0
0
0
0
0
0
(600,000)
(600,000)
(600,000)
(600,000)
(600,000)
(600,000)
6,000,002
6,000,002
41,155,537
47,155,539
Note
Company
At 1 August 2000
Profit from ordinary
activities after tax
Dividend for the year
ended 31 July 1999
8
At 31 July 2001
At 1 August 2001
Profit from ordinary
activities after tax
Dividend for the year
ended
- 31 July 2000
- 31 July 2001
- 31 July 2002
At 31 July 2002
8
8
8
AMANAH
R AYA
BERHAD
39
2002
laporan tahunan • annual report
Penyata Aliran Tunai Untuk Tahun Berakhir 31 Julai 2002
Cash Flow Statement For The Year Ended 31 July 2002
Group
Note
Company
2002
RM
2001
RM
2002
RM
2001
RM
7,220,190
7,409,896
7,284,168
7,343,677
404,362
404,362
404,362
404,362
CASH FLOWS FROM
OPERATING ACTIVITIES
Profit from ordinary activities
after tax
Adjustments for:
Provision for retirement
benefits
Depreciation on property,
plant and equipment
Gain on disposal of property,
plant and equipment
Interest expense
Interest income
Tax
1,637,313
864,740
1,625,337
864,093
(220,915)
0
(1,040,881)
2,728,143
0
31,212
(1,150,943)
3,329,000
(220,915)
0
(1,038,382)
2,720,702
0
31,212
(1,148,491)
3,305,000
Operating profit before working
capital changes
10,728,212
10,888,267
10,775,272
10,799,853
(1,230,147)
(5,257,706)
(1,297,134)
(5,187,063)
(276,005)
2,043,842
585,991
890,122
9,222,060
7,674,403
10,064,129
6,502,912
(58,857)
0
(3,601,734)
(49,565)
(31,212)
(1,053,180)
(58,857)
0
(3,575,293)
(49,565)
(31,212)
(1,053,180)
5,561,469
6,540,446
6,429,979
5,368,955
0
0
(250,000)
Increase in receivables
(Decrease)/increase in
payables
Cash generated from operations
Retirement benefits paid
Interest paid
Tax paid
Net cash inflow from
operating activities
CASH FLOWS FROM
INVESTING ACTIVITIES
Additional investment in a subsidiary
(4)
Purchase of property, plant and
equipment
Proceeds from disposal of
property, plant and equipment
Interest received
Hire purchase instalments paid
Dividends paid
(2,207,816)
(890,929)
(2,033,729)
(886,341)
220,915
1,220,974
0
(1,200,000)
0
963,367
(98,229)
(600,000)
220,915
1,218,475
0
(1,200,000)
0
960,915
(98,229)
(600,000)
Net cash outflow from investing
activities
(1,965,927)
(625,791)
(2,044,339)
(623,659)
NET INCREASE IN CASH
AND CASH EQUIVALENTS
3,595,542
5,914,655
4,385,640
4,745,296
CASH AND CASH
EQUIVALENTS AT
BEGINNING OF THE YEAR
34,734,368
28,819,713
33,439,419
28,694,123
38,329,910
34,734,368
37,825,059
33,439,419
CASH AND CASH
EQUIVALENTS AT
END OF THE YEAR
40
AMANAH
R AYA
BERHAD
19
2002
laporan tahunan • annual report
Nota Kepada Penyata Kewangan - 31 Julai 2002
Notes To The Financial Statements - 31 July 2002
1
GENERAL INFORMATION
The principal activities of the Company consist of administering estates of deceased persons and acting
as trustees for minors, the public and unit trust schemes.
The principal activities of the subsidiary companies are to act as nominees, agents or trustees for
beneficial owners of stocks, shares, bank debentures, loan stocks and other securities and managing
properties.
The average number of employees during the financial year amounted to 299 (2001: 288) employees
in the Group and 289 (2001: 283) employees in the Company respectively.
The Company is a public limited liability company, incorporated and domiciled in Malaysia, and not
listed on the Main Board of the Kuala Lumpur Stock Exchange.
The address of the registered office of the Company is Tingkat 10, Wisma Amanah Raya Berhad, No.
15, Jalan Sri Semantan 1, Off Jalan Semantan, 50508 Kuala Lumpur.
2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following accounting policies have been used consistently in dealing with items which are
considered material in relation to the financial statements.
(a)
Basis of preparation
The financial statements of the Group and of the Company have been prepared under the
historical cost convention except as disclosed in this summary of significant accounting
policies.
The financial statements comply with the applicable approved accounting standards in
Malaysia and the provisions of the Companies Act 1965.
The preparation of financial statements in conformity with the applicable approved accounting
standards in Malaysia and the provision of the Companies Act, 1965 requires the Directors to
make estimates and assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial statements and the
reported amounts of revenues and expenses during the reported period. Actual results could
differ from those estimates.
Trust assets held in the name of the Company and its predecessor organisation are not included
in these financial statements. The activities and assets of the various unit trusts and other funds
in which the Company is the trustee are not included in these financial statements as they are
separate entities.
(b)
Basis of consolidation
Group consolidated financial statements include the financial statements of the Company and
its subsidiary companies made up to the end of the financial year. The results of the subsidiary
companies acquired are included in the Group’s income statement from the date of its
acquisition.
AMANAH
R AYA
BERHAD
41
2002
laporan tahunan • annual report
Nota Kepada Penyata Kewangan - 31 Julai 2002 (sambungan)
Notes To The Financial Statements - 31 July 2002 (continued)
2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
(c)
Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation. Property, plant
and equipment are depreciated on a straight line basis to write off the cost of property, plant
and equipment over its estimated useful life at the following annual rates of depreciation:
Computer equipment
Motor vehicles
Office equipment, furniture and fittings
Renovations
(d)
20%
20%
10% -20%
over the rental period
Subsidiary company
A subsidiary company is a company in which the Group has power to exercise control over the
financial and operating policies so as to obtain benefits from their activities.
Investments in subsidiary companies are stated at cost except where the Directors are of the
opinion that there is a permanent diminution in the value of the investment, in which case,
allowance is made for the diminution in value. Permanent diminution in the value of an
investment is recognised as an expense in the period in which diminution is identified.
(e)
Receivables
Receivables are carried at anticipated realisable values. Known bad debts are written off in the
period in which they are identified and specific allowance is made for any considered to be
doubtful of collection. An estimate is made for doubtful debts based on a review of all
outstanding amounts at the financial year end.
(f)
Cash and cash equivalents
Cash and cash equivalents comprise cash in hand and bank balances, demand deposits, bank
overdraft and short term, highly liquid investments that are readily convertible to known
amounts of cash and which are subject to an insignificant risk of changes in value.
(g)
Hire purchase payables
Assets purchased under hire purchase agreements are capitalised as property, plant and
equipment and depreciated in accordance with the policy set out in Note 2(c) above. The
corresponding obligations due under the hire purchase agreements after deducting finance
charges are included as hire purchase payables while finance charges are charged to the
income statement on a straight line basis over the term of the respective hire purchase
agreements.
(h)
Dividends
Dividends on ordinary shares are recognised as liabilities when declared.
42
AMANAH
R AYA
BERHAD
2002
laporan tahunan • annual report
Nota Kepada Penyata Kewangan - 31 Julai 2002 (sambungan)
Notes To The Financial Statements - 31 July 2002 (continued)
2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
(i)
Deferred tax
The tax expense is determined on the basis of tax effect accounting using the liability method.
Deferred tax is recognised for timing differences except when there is reasonable evidence that
such timing differences will not reverse in the foreseeable future. The tax effect on timing
difference that results in a debit balance or a debit to the deferred tax balance is not carried
forward unless there is a reasonable expectation of its realisation.
(j)
Retirement benefits
The Company has made provisions to an unapproved and unfunded retirement benefit scheme
for eligible employees.
The scheme requires amounts to be set aside into a trust fund and to a book provision. The
amounts set aside are based on past service liabilities, an actuarially determined cost that gives
employees credit for benefits for service prior to valuation date and future service liabilities, an
actuarially determined cost in respect of service after the valuation date.
The scheme was valued by an independent actuary using an attained age method, a form of
projected benefit valuation method. The latest actuarial valuation was made on 30 September
1999.
(k)
Revenue recognition
Revenue is recognised upon performance of services and net of service taxes, and after
eliminating sales within the Group.
AMANAH
R AYA
BERHAD
43
2002
laporan tahunan • annual report
Nota Kepada Penyata Kewangan - 31 Julai 2002 (sambungan)
Notes To The Financial Statements - 31 July 2002 (continued)
3
REVENUE
Income from:
- trust operations
- unit trust operations
- estate administration
operations
- investment operations
- legal operations
Management fee
Custodian fee
4
2002
RM
Group
2001
RM
2002
RM
Company
2001
RM
7,348,050
6,368,828
10,304,604
5,339,921
7,348,050
6,368,828
10,304,604
5,339,921
9,118,992
4,508,454
468,859
106,695
58,362
6,748,934
2,235,111
155,017
205,882
55,161
9,118,992
4,508,454
468,859
0
0
6,748,934
2,235,111
155,017
0
0
27,978,240
25,044,630
27,813,183
24,783,587
2002
RM
Group
2001
RM
2002
RM
Company
2001
RM
80,500
21,950
46,000
11,637,715
28,250
8,150
45,000
10,371,153
80,500
14,350
45,000
11,530,549
28,250
4,850
40,000
10,265,046
1,637,313
404,362
864,740
404,362
1,625,337
404,362
864,093
404,362
(220,915)
(1,040,881)
2,239,720
0
(1,150,943)
1,875,193
(220,915)
(1,038,382)
2,207,470
0
(1,148,491)
1,848,013
0
31,212
0
31,212
PROFIT FROM OPERATIONS
Profit from operations is arrived at after
charging/(crediting):
Directors' remuneration
- fees
- other emoluments
Auditors' remuneration
Staff costs
Depreciation on property,
plant and equipment
Provision for retirement benefits
Gain on disposal of property,
plant and equipment
Interest income
Rental on premises
5
FINANCE COST
Interest expense
44
AMANAH
R AYA
BERHAD
2002
laporan tahunan • annual report
Nota Kepada Penyata Kewangan - 31 Julai 2002 (sambungan)
Notes To The Financial Statements - 31 July 2002 (continued)
6
TAX
Malaysian income tax:
- current year
- over/under provision in
prior years
- deferred tax (Note 14)
3,441,000
3,327,800
3,441,000
3,305,000
(320,357)
(392,500)
1,200
0
(320,298)
(400,000)
0
0
2,728,143
3,329,000
2,720,702
3,305,000
Subject to agreement by the Inland Revenue Board, the Company has sufficient tax credits under
Section 108(6) of the Income Tax Act, 1967 to frank up to RM39,400,000 of its retained earnings at 31
July 2002, if paid out as dividends and tax exempt income of approximately RM4,560,000 due to
income tax waiver granted under Section 8 of the Income Tax (Amendment) Act 1999.
The effective tax rate of the Group and the Company for the financial year were higher than the statutory
rates because certain expenses were not deductible for tax purpose.
7
EARNINGS PER SHARE
The earnings per share is calculated by dividing the profit from ordinary activities after tax of the Group
amounting to RM7,220,190 (2001: RM7,409,896) by the 6,000,002 (2001: 6,000,002) shares of the
Company in issue during the financial year.
8
DIVIDENDS
Dividends declared or proposed in respect of the year ended 31 July 2002 are as follows:
Group and Company
First and final dividend
Gross
per share
2002
Amount of
tax exempt
dividend
Gross
per share
2001
Amount of
tax exempt
dividend
Sen
RM’000
Sen
RM’000
10
600,000
10
600,000
At the forthcoming Annual General Meeting on 31 December 2002, a final gross dividend in respect of
the year ended 31 July 2002 of 10 sen per share (2001: 10 sen per share) amounting to RM600,000
(2001: RM600,000) will be proposed for shareholders' approval. These financial statement do not
reflect this final dividend which will be accrued as a liability in the year ending this 31 July 2003 when
approved by shareholders. This represents a change in accounting treatment from that of prior years as
explained in Note 20.
AMANAH
R AYA
BERHAD
45
2002
laporan tahunan • annual report
Nota Kepada Penyata Kewangan - 31 Julai 2002 (sambungan)
Notes To The Financial Statements - 31 July 2002 (continued)
9
PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
Motor
vehicles
Office
equipment,
furniture
and fittings
RM
RM
RM
RM
RM
Cost
At 1 August 2001
Additions
Disposals
4,435,010
511,737
0
805,729
738,302
(626,750)
1,740,058
291,784
0
1,666,971
665,993
0
8,647,768
2,207,816
(626,750)
At 31 July 2002
4,946,747
917,281
2,031,842
2,332,964
10,228,834
At 1 August 2001
Charged for the year
Disposals
(2,841,278)
(806,170)
0
(655,819)
(161,562)
626,750
(590,726)
(199,505)
0
(1,399,644)
(470,076)
0
(5,487,467)
(1,637,313)
626,750
At 31 July 2002
(3,647,448)
(190,631)
(790,231)
(1,869,720)
(6,498,030)
1,593,732
149,910
1,149,332
267,327
3,160,301
1,299,299
726,650
1,241,611
463,244
3,730,804
4,430,422
508,376
0
805,729
738,302
(626,750)
1,740,058
262,227
0
1,666,971
524,824
0
8,643,180
2,033,729
(626,750)
(8,970)
0
(3,100)
0
(12,070)
4,929,828
917,281
1,999,185
2,191,795
10,038,089
(2,840,631)
(804,899)
0
(655,819)
(161,562)
626,750
(590,726)
(198,863)
0
(1,399,644)
(460,013)
0
(5,486,820)
(1,625,337)
626,750
3,588
0
594
0
4,182
(3,641,942)
(190,631)
(788,995)
(1,859,657)
(6,481,225)
Net book value as at
31 July 2001
1,589,791
149,910
1,149,332
267,327
3,156,360
Net book value as at
31 July 2002
1,287,886
726,650
1,210,190
332,138
3,556,864
Group
Renovations
Total
Accumulated depreciation
Net book value as at
31 July 2001
31 July 2002
Company
Cost
At 1 August 2001
Additions
Disposals
Transfers to subsidiary
company
At 31 July 2002
Accumulated depreciation
At 1 August 2001
Charged for the year
Disposals
Transfers to subsidiary
company
At 31 July 2002
46
AMANAH
R AYA
BERHAD
2002
laporan tahunan • annual report
Nota Kepada Penyata Kewangan - 31 Julai 2002 (sambungan)
Notes To The Financial Statements - 31 July 2002 (continued)
10
SUBSIDIARY COMPANIES
2002
RM
Group
2001
RM
2002
RM
Company
2001
RM
0
4
300,004
50,004
Unquoted shares, at cost
The shares of all subsidiary companies are held directly by the Company.
Details of the subsidiary companies which are incorporated in Malaysia, are as follows:
Percentage equity interest held
2002
2001
*
11
Principal activities
Amanah Raya Nominees
(Tempatan) Sdn Bhd *
100
100
Nominee, agent or trustee for
beneficial owners of stocks,
shares, bank debentures,
loan stocks and other
securities
ARB Hartanah Sdn Bhd
100
100
Managing properties
Amanah Raya Asset
Management Sdn Bhd
100
100
Dormant
Amanah Raya Capital Sdn Bhd
100
100
Dormant
Audited by PricewaterhouseCoopers, Malaysia.
OTHER RECEIVABLES AND PREPAYMENTS
Deposits
Staff loans and advances
Fixed deposit interest receivable
Other receivables
2002
RM
Group
2001
RM
2002
RM
Company
2001
RM
227,569
1,315,072
156,728
280,701
163,039
1,202,151
336,821
237,200
225,319
1,115,115
156,728
247,349
163,039
1,202,151
336,821
226,311
1,980,070
1,939,211
1,744,511
1,928,322
Staff loans and advances which operated based on the revolving fund are as follows:
2002
RM
Group
2001
RM
2002
RM
Company
2001
RM
At 1 August
Loans disbursed
Repayments
1,202,151
577,809
(464,888)
781,839
669,767
(249,455)
1,202,151
377,852
(464,888)
781,839
669,767
(249,455)
At 31 July
1,315,072
1,202,151
1,115,115
1,202,151
AMANAH
R AYA
BERHAD
47
2002
laporan tahunan • annual report
Nota Kepada Penyata Kewangan - 31 Julai 2002 (sambungan)
Notes To The Financial Statements - 31 July 2002 (continued)
12
DEPOSITS , CASH AND BANK BALANCES
Deposits with:
- Licensed banks
- Other financial institutions
Cash and bank balances
28,871,688
4,848,033
4,610,189
19,877,221
12,890,283
1,966,864
28,871,688
4,848,033
4,105,338
19,833,869
12,890,283
715,267
38,329,910
34,734,368
37,825,059
33,439,419
The weighted average interest rates of deposits that were effective during the year were as follows:
Group and Company
Deposits with licensed bank
Deposits with other financial institutions
2002
2001
%
%
3.20
3.20
3.45
3.45
Deposits of the Group and Company have an average maturity of 60 days (2001: 60 days).
13
OTHER PAYABLES AND ACCRUALS
Service tax payables
Payroll liabilities
Accrued expenses
Other payables
2002
RM
Group
2001
RM
2002
RM
Company
2001
RM
1,278,220
1,644,348
496,146
751,155
1,278,220
1,432,493
300,603
1,434,562
1,278,220
1,644,348
426,083
503,405
1,278,220
1,432,493
286,781
267,054
4,169,869
4,445,878
3,852,056
3,264,548
Included in the Group’s other payables are amounts owing to certain unit trusts amounting to RM246,750
(2001: RM1,167,508) in respect of dividend income receivable on behalf of these unit trusts.
14
DEFERRED TAX
At 1 August
Charged to income statement (Note 6)
At 31 July
48
AMANAH
R AYA
BERHAD
2002
RM
Group
2001
RM
2002
RM
Company
2001
RM
400,000
(392,500)
400,000
0
400,000
(400,000)
400,000
0
7,500
400,000
0
400,000
2002
laporan tahunan • annual report
Nota Kepada Penyata Kewangan - 31 Julai 2002 (sambungan)
Notes To The Financial Statements - 31 July 2002 (continued)
15
PROVISION FOR RETIREMENT BENEFITS
Group and Company
2002
2001
RM
RM
At 1 August
Charged to income statement (Note 4)
Utilised during the year
1,626,574
404,362
(58,857)
1,271,777
404,362
(49,565)
At 31 July
1,972,079
1,626,574
Group and Company
2002
RM
At 31 July 2002
Current
35,274
Later than 1 year and not later than 2 years
Later than 2 years and not later than 5 years
Later than 5 years
74,988
30,400
1,831,417
Non current
1,936,805
1,972,079
The Group operates an unapproved and unfunded retirement benefit scheme for employees. This
scheme is valued by an independent actuary every three years using the age attained method. The latest
actuarial valuation was carried out as at 31 September 1999 and this valuation showed that the fund as
at that date is sufficient to meet the actuarially determined value of vested benefits.
16
SHARE CAPITAL
Group and Company
2002
RM
Ordinary shares of RM1 each:
Authorised
17
10,000,000
10,000,000
OPERATING LEASE COMMITMENTS
Company
2002
2001
RM
RM
19,634
0
117,804
19,634
19,634
137,438
The future minimum lease payments under non cancellable
operating leases are as follows:
Within 1 year
Between 1 and 2 years
AMANAH
R AYA
BERHAD
49
2002
laporan tahunan • annual report
Nota Kepada Penyata Kewangan - 31 Julai 2002 (sambungan)
Notes To The Financial Statements - 31 July 2002 (continued)
18
CAPITAL COMMITMENTS
Group and Company
2002
2001
RM
RM
6,635,350
4,379,300
6,525,350
110,000
4,379,300
0
6,635,350
4,379,300
Authorised capital expenditure not provided for in the
financial statements:
Not contracted
Analysed as follows:
- property, plant and equipment
- club membership
19
CASH AND CASH EQUIVALENTS
Group
20
Company
2002
2001
2002
2001
RM
RM
RM
RM
Deposits, cash and bank balances
(Note 12)
38,329,907
34,734,368
37,825,059
33,439,419
PRIOR YEAR ADJUSTMENT
During the financial year, the Group changed its accounting policy with respect to the recognition of
liabilities in compliance with the new MASB Standard 19 "Events After the Balance Sheet Date". This
change in policy has effect on the accounting treatment as follows:
Dividends (Note 8)
In previous financial years, dividends were accrued as a liability when proposed by Directors. The
Group has now changed this accounting policy to recognise dividends in shareholders' equity in the
year in which the obligation to pay is established in accordance with MASB Standard 19. Therefore,
final dividends are now accrued as a liability after approval by shareholders at the Annual General
Meeting.
This change in accounting policy has been accounted for retrospectively.
50
AMANAH
R AYA
BERHAD
2002
laporan tahunan • annual report
Nota Kepada Penyata Kewangan - 31 Julai 2002 (sambungan)
Notes To The Financial Statements - 31 July 2002 (continued)
20
PRIOR YEAR ADJUSTMENT (CONTINUED)
The effects of the change on the Group's and Company's financial statements are as follows:
As previously
reported
RM
Effect of
change in policy
RM
As
restated
RM
At 1 August 2000:
- retained earnings
27,727,991
1,200,000
28,927,991
At 31 July 2001:
- retained earnings
- proposed dividends
34,537,887
1,200,000
1,200,000
(1,200,000)
35,737,887
0
At 1 August 2000:
- retained earnings
27,727,692
1,200,000
28,927,692
At 31 July 2001:
- retained earnings
- proposed dividends
34,471,369
1,200,000
1,200,000
(1,200,000)
35,671,369
0
Group
Company
21
FUNDS UNDER MANAGEMENT
Based on management financial statements of various funds in which the Company is the trustee as at
31 July 2002, the funds’ values based on historical costs are as follows:
Kumpulan Wang Am
Tabung Amanah Yayasan Kebajikan Negara
Tabung Amanah Perwira dan Pertahanan Negara
Akaun Pusat Pusaka
The Malaysian Association For The Prevention
of Tuberculosis
2002
RM
2001
RM
1,011,478,448
25,473,163
43,394,443
148,050,669
1,000,784,028
25,867,558
42,702,027
136,473,568
4,817,661
4,868,109
1,233,214,384
1,210,695,290
AMANAH
R AYA
BERHAD
51
2002
laporan tahunan • annual report
This page is intentionally left blank.
52
AMANAH
R AYA
BERHAD
2002
laporan tahunan • annual report
Kandungan
Contents
1
Notis Mesyuarat Agung Tahunan Ketujuh
Notice of the Seventh Annual General Meeting
2
Maklumat Korporat
Corporate Information
3
Struktur Korporat
Corporate Structure
4
Profil Korporat
Corporate Profile
9
Detik-detik Kejayaan
Milestones
10
Lembaga Pengarah
Board of Directors
13
Pengurusan Kanan
Senior Management
17
Rangkaian Cawangan ARB
ARB’s Branch Network
18
Terma Rujukan Jawatankuasa Audit dan Pemeriksaan
Terms of Reference of the Audit and Review Committee
20
Struktur Organisasi
Organisation Structure
21
Ringkasan 5 Tahun Kewangan Korporat
5 Year Corporate Financial Highlights
22
Perutusan Pengerusi
Message from the Chairman
26
Dari Meja Pengarah Urusan
From the Desk of the Managing Director
RASIONAL / RATIONALE
Menjamin kesejahteraan kewangan bagi
keluarga dan badan korporat
Providing Financial Security for Families
and Corporations
Selama 81 tahun, ARB telah membina
nama yang cemerlang sebagai penjaga dan
pelindung aset-aset orang perseorangan
dan korporat. Khidmat yang fleksibel dan
pelbagai menjadi teras kejayaan ini.
Serentak itu, ARB memainkan peranan
yang penting dalam masyarakat.
Satu-satunya institusi peramanahan yang
unggul di negara, ARB bertanggungjawab
mewujudkan kesedaran dan pemahaman
mendalam mengenai amanah, wasiat dan
pentadbiran harta pusaka. Kami percaya
bahawa
khidmat
ARB
memberi
kesejahteraan kewangan dan mengeratkan
lagi perpaduan keluarga.
Imej pada kulit laporan melambangkan
dedikasi ARB dalam usaha menyediakan
kesejahteraan kewangan kepada pelanggan
perseorangan dan korporat. Penggunaan
catatan kamus yang kreatif sebagai
latarbelakang melambangkan peranan ARB
sebagai sumber pengetahuan bagi
peramanahan, wasiat dan perkhidmatan
pengurusan harta pusaka.
For 81 years, Amanah Raya Berhad has
built a stellar reputation as a guardian and
protector of personal and corporate assets.
Our versatility and flexibility enable us to
service a wide spectrum of clients, both
retail and corporate.
Simultaneously, we play a significant role in
society. As the nation's pre-eminent trust
institution, ARB is cardinally responsible for
creating a mass awareness and in-depth
understanding of trusts, wills and estate
administration. We believe that our services
help create financial security, which
directly contributes to family togetherness.
Objects on the cover denote ARB's
dedication to providing financial security
for both families and corporate clients.
Similarly, the background use of stylised
dictionary entries symbolises ARB's role as
a source of knowledge for specialised trust,
wills and estate administration services.
AMANAH
R AYA
BERHAD
Penyata Kewangan Statutori
Statutory Financial Statements
29
Penyata Kewangan Statutori
Statutory Financial Statements
30
Laporan Pengarah
Directors’ Report
34
Kenyataan Pengarah
Directors’ Statement
35
Laporan Juruaudit
Auditors’ Report
36
Penyata Pendapatan
Income Statement
37
Kunci Kira-Kira
Balance Sheet
38
Penyata Perubahan Ekuiti
Statement of Changes in Equity
40
Penyata Aliran Tunai
Cashflow Statement
41
Nota Kepada Penyata Kewangan
Notes to the Financial Statements
LAPORAN
2002
laporan tahunan • a n n u a l r e p o r t
TA H U N A N
A written instrument legally executed by which a man makes disposition of his estate to take effect after his demise.
Suatu dokumen sah yang membolehkan seseorang membuat peraturan mengenai pembahagian harta selepas meninggal dunia.
2002
ANNUAL
REPORT
AMANAH
(Co. Reg No. 344986-V)
BERHAD
Tingkat 10, Wisma Amanah Raya Berhad, No 15 Jalan Sri Semantan 1,
Off Jalan Semantan, Bukit Damansara, 50508 Kuala Lumpur, Malaysia.
Tel: +6(03) 2096 1000, 2095 9933, 2095 3232 Faks: +6(03) 2095 2704
E-Mel: sales@arb.com.my Laman Web: www.arb.com.my
RAYA
AMANAH RAYA BERHAD
Rakan Amanah Anda
O n e ’s c o l l e c t i v e a s s e t s a n d l i a b i l i t i e s .
Kesemua aset dan liabiliti terkumpul.
F i r m b e l i e f i n t h e h o n e s t y, v e r a c i t y, j u s t i c e , s t r e n g t h o f s o m e o n e o r s o m e t h i n g .
Pegangan kukuh kepada kejujuran, kebenaran, keadilan, kekuatan seseorang atau benda.