atis-annualreport2009 (2.6mb)

8/7/2019 ATIS-AnnualReport2009 (2.6MB)

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Bridging New Partnerships

Annual Report DEC2009


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1

CorPorateVisiont b A totAL InDUstRIAL sUPPLIeR In MALAYsIA ad ReGIon.

CorPorate MissionCommitment to business

m 20% g PRoFiT.

Commitment to Customerst PREFERRED WoRKinG PARTnER c pp.

Commitment to emPloyeest p p EQUAL, PERFoRMAnCE REWARD-DRiVEn

c p pp bg-F.

Commitment to shareholderst g-g VALUE, REsiLiEnCE

GooD RETURn on inVEsTMEnT.


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AtIs CoRPoRAtIon BeRhADDeCembeR 2009 AnnuAl RepoRt

2

CorPorateinFormation

board oF direCtors

C s ip

n-ec dc

Mej jen (RtD) DAtohAjI FAUzI BIn hUssAIn

Gp mgg dc

Chen KhAI Voon

ec dc

Yee KIM YUen

Lee KoK KeonG

sA Chee PenGChew KUAn FAh

ip n-ec dc

hAMIDon BIn ABDULLAh

too KoK thAI

n-ip n-ec dc

LIM BenG GUAn

audit and nominationCommitteesC

mj J (r) d hj Fz bh

m

t k t

m

l bg G

remuneration Committee

C

l bg G

mmj J (r) d hj Fz bh

m

t k t

ComPany seCretary

wg C F (maiCsa 7027549)

reGistered oFFiCe w kvC, l 3, J P10/12k P bg43650 b b bgsg d em

t n. : 603 8925 2828F n. : 603 8926 8976

investor relations

ZJ a s bs 22b, 22 F

s t86, J apg50450 k lpw Pm

t n. : 603 2032 2328F n. : 603 2032 1328

reGistrar

tc i sc s b(Formerly known as Tenaga Koperat Sdn Bhd)

l 17, t G n tm v C, lg s P59200 k lpw Pm

t n. : 603 2264 3883F n. : 603 2282 1886

auditors

messrs maZars

C accw sg dgg7 F, s bc142-a, J apg50450 k lpw Pm

t n. : 603 2161 5222F n. : 603 2161 3909

PrinCiPal bankers

hsbC b m b

u o b (m) bs C b m b

Cimb b b

ab (m) b

b t m usJ mb

m bg b

rhb b b

stoCk exChanGe listinG

m m b m scb

l 7 ag 2002

sc n : atis

sc C : 5055

sc : tg/sc

website

..c.


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. a i . c .

3

CorPoratestruCture 22 ap 2010

AZ Master InternationalCo. Ltd(Incorporated in Hong Kong)

100%

AZ Master International(Shenzhen) Pte Ltd(Incorporated in Peoples Republic of China)

100%

PT Cable Solutions Indonesia(Incorporated in Indonesia)

Cable Solutions (Thailand) Co., Ltd(Incorporated in Thailand)

90%

49%

KVC Industrial SuppliesSdn Bhd

64%

TSA Industries (Melaka) Sdn Bhd100%

TSA Industries (Negeri Sembilan)Sdn Bhd

100%

TSA Industries (Penang) Sdn Bhd100%

TSA Industries (Johor) Sdn Bhd100%

TSA Industries (Ipoh) Sdn Bhd100%

TSA Industries (Shah Alam) Sdn Bhd100%

TSA East Malaysia Sdn Bhd(FKA: TSA Industries (Sabah) Sdn Bhd)

100%

TSA Auto Parts Sdn Bhd100%

TSA Servicing Centre Sdn Bhd100%

TSA Pipes Manufacturing Sdn Bhd100%

One Choice Protection Film Sdn Bhd100%

Mitra Bintang Sdn Bhd100%

100% TSA Industries Middle East FZ-LLC(Incorporated in Ras Al Khaimah,United Arab Emirates)

100% TSA Industries (SEA) Pte Ltd(Incorporated in Singapore)

TSA Industries Sdn Bhd100%

United Power Holdings Sdn Bhd(FKA: Kimpress Holdings Sdn Bhd)

20%

100% ATIS Properties Sdn Bhd(FKA: R & R Industrial Products(Johor Bahru) Sdn Bhd)

Elkom Transformer ComponentsMarketing Sdn Bhd

100%

Pressto Singapore Pte Ltd(Incorporated in Singapore)

60%Pressto Asia Sdn Bhd80%

ATIS Porcelain (HK) Limited(Incorporated in Hong Kong)

60%

Genetec Technology Berhad39.94%

Mutiara GoodyearDevelopment Berhad

30.28%

KVC Industries Sdn Bhd100%

KVC Connectors Sdn Bhd100%

KVC Industrial Supplies (Johor) Sdn Bhd100%

KVC Industrial Supplies (Kuantan) Sdn Bhd100%

KVC Industrial Supplies (Melaka) Sdn Bhd100%

KVC Industrial Supplies (N.S.) Sdn Bhd100%

KVC Industrial Supplies (Penang) Sdn Bhd100%

KVC Industrial Supplies (Perak) Sdn Bhd100%

KVC Installation Material Store Sdn Bhd100%

R & R Industrial Products (M) Sdn Bhd100%

KVC Maritime Supplies And Engineering Sdn Bhd100%

GEIC Technology Sdn Bhd100%

Alliance Motors And Drives Sdn Bhd100%

Flexmodus Sdn Bhd100%

Cotel Precision Industries Sdn Bhd100%

KVC Controls & Automation Sdn Bhd100%

AZ Master (M) Sdn Bhd90%

Allied Fluid Engineering Sdn Bhd70%

Li Tech Switchgear (M) Sdn Bhd51.22%

Cable Solutions (SEA) Pte Ltd(Incorporated in Singapore)

70%

60% PT Fanah Jaya Maindo(Incorporated in Indonesia)

KVC Industrial Supplies (Thailand) Co., Ltd(Incorporated in Thailand)

49%

KVC Electrical Components Sdn Bhd100%


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4

REVENUE(RM000) (RM000)

PROFIT BEFORETAXATION AND MINORITYSHAREHOLDERS INTERESTS

NET EARNINGSPER SHARE

(sen)

Dec09

354,

746

Mar09

497,

831

Mar08

529,

104

Mar07

454,

243

Mar06

406,

627

Dec09

35.

36

Mar09

19.

70

Mar08

17.

06

Mar07

13.

15

Mar06

13.

97

Dec09

60,

385

Mar09

36,

973

Mar08

37,

488

Mar07

30,

267

Mar06

30,

775

Five-year GrouPFinanCial review

31.03.2006 31.03.2007 31.03.2008 31.03.2009 31.12.2009

RM000 RM000 RM000 RM000 RM000

r 406,627 454,243 529,104 497,831 354,746

Pf , pc x 40,462 39,952 48,537 49,847 67,209

i xp (3,605) (5,360) (6,771) (6,619) (3,156)

i c 120 253 832 786 239

dpc (6,202) (4,578) (5,110) (7,041) (3,907)

Pf x y 30,775 30,267 37,488 36,973 60,385

tx (7,666) (8,929) (9,872) (4,439) (6,183)

Pf x y 23,109 21,338 27,616 32,534 54,202

my (934) (450) (523) (2,355) (2,299)

Pf x y 22,175 20,888 27,093 30,179 51,903

G g p () 19.38# 19.06# 23.61# 24.14# 41.14#

n g p () 13.97# 13.15# 17.06# 19.70# 35.36#

d:

r (%) 10%

a ( x) 5,716

# Cp g g 158,787,731, 158,793,100, 158,793,100,153,165,000 146,778,000, 31 mc 2006, 31 mc 2007, 31 mc 2008, 31 mc 2009 p 31 dc 2009 pc.


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. a i . c .

5

CorPorateProFile

t atis Gp g c 1989 w Gpcc ppy ,cc cc pc. tg p 10-y gc p, Gp ccyp y o-sp i spp -- (b2b) g pc g c .

atis q p i sppy c p c c y gy wg cc p,w w c pg pp yp. atis py p ccg pgpc cc wg c w pc cp cpg cc, cc,cc, pc, pc c c p cp. t c atis g cg c p p c gw p.

sc g 2002, atis g xp gy c sgp, i, C, hgkg t. atis g p myc Fc- g cc, sp sa (sp). a ap 2008,sp y, o dp bv (o) cq20% qy kvC. t gfc atis c c cc

gp wc 11.9 p . sp p y 180 cp pg 35 c f c. isp 2009, o cq 16% qy kvC, gg gc c wsp atis. t c pp cfc y sp kvC cy atis g c p c g w cc sp c c pc g, cg gpp g.

ATis Crprat Berhad (atis), cp m Cp ac, 1965 8 sp 1997 pc cp kvC Cp b. o 23 m 2002, cg atisCp b fc Gp g a t i spp. t gg atis cp j 7 ag 2002, atis m b b m sc b.

5


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6

board oFdireCtors

meJ Jen (rtd) datohaJi FauZi bin hussainsEnioR inDEPEnDEnT non-ExECUTiVE DiRECToR

ag 70 m

ChairmanofBoardofDirectorsChairman ofAudit CommitteeChairman ofNominationCommitteeMemberofRemunerationCommittee

y. bg. mj J (r) d hj Fz pp b atis Cp b (ATis) 6 J 2002.h g C s Cg

i J sc s Cg a. h g g c s k u s ac. d hj Fz c1960, m a r ma Fc p c pp g n 1994 dpC a Fc. h J-C Pg ec C c t i g pg m t. b atis, b mCm tcg b, rCeCp b Gc tcg b (Geetec).

d hj Fz (4) bmg g c p 1 ap 2009 31 dc 2009.

Chen khai voonGRoUP MAnAGinG DiRECToR ag 50 m

m C pp b atis 28 m2002. h q pp Gp mggdc atis 15 ap 2004. h cp dp accg 1981 g , gpc c .i 1989, kvC ecc (m) s b ( kvC i spp s b) (KVC) Gp(KVC Grup). sc , cg ppcp p kvC Gp go-sp i spp P m. b atis, b Gc m Gdp b (Mutara).

m C (4) b mg g c p 1 ap 2009 31 dc2009.


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. a i . c .

7

yee kim yuenExECUTiVE DiRECToR ag 50 m

m y pp b atis 15 ap2004. h pc p . i 1993, g p tsa i s b(TsA). h c C dc tsaGp. ecp atis, c c pc cp.

m y (4) b mg

g c p 1 ap 2009 31 dc 2009.

lee kok keonGExECUTiVE DiRECToR ag 40 m

m l pp b atis 28 m 2002.i 1991, j kvC s ec. sq 1995, p bc mg 1999, pp op dc kvC Gp.

i J 2004, p rg dpdc kvC. h c ec dc kvC p g p ispp d. ecp atis, c c pc cp.

m l (4) b mg g c p 1 ap 2009 31 dc 2009.

sa Chee PenGExECUTiVE DiRECToR ag 40 m

m s pp b atis 6 J2002. h g u P m bc dg agc b. up g 1994, j kvC ecc (sg) sb s ec p p C opg oc kvC Cc s b 1997.i 1999, c dc s mg kvC Gp 1 mc 2003, pp mgg dc kvC. b atis,

b m a dc.

m s (4) b mg g c p 1 ap 2009 31 dc 2009.

Chew kuan FahExECUTiVE DiRECToR ag 45 m

m C pp b atis 22 n

2006. h g dp ecc & ecc c g cc pc 1984. h pp s mg kp C acc s b ( kvC i s b) 1994. h p ec dc 1996. i 2002, c s &mg dc t s i h s b( tsa) c mgg dc tsa. ecp atis, c c pc cp.

m C (4) b mg g c p 1 ap 2009

31 dc 2009.


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8

board oF direCtors

hamidon bin abdullahinDEPEnDEnT non-ExECUTiVE DiRECToR ag 57 m

ec h w pp b atis 6 J 2002. h g w bc dg appmc & Cp scc 1974 mdg u Pg 1975 uy

a, a. up g 1975, c sy ay w s a hgwydp. a 4 y, w gg uPg C w P.G. Ppy & ac (kl). i1983, j cc f, hjj k & ac

p. h 3 y w. h w p, cy exc C cg ePmcg b (EPMB). b atis, b ePmb m, exc C.

ec h (4) b mg g c p 1 ap 2009 31 dc 2009.

too kok thaiinDEPEnDEnT non-ExECUTiVE DiRECToR

ag 41 m

Memberof Audit CommitteeMemberof Nomination CommitteeMemberof RemunerationCommittee

m t pp b atis 31 J2009. h g bc dg accc(h) u m, m c m i acc m i C Pc acc. a cc p, c m PcCp, g pc c g. b pp c, gg c c cp c c g cg cg, g g. ecp atis, c c pc cp.

m t (4) b mg g c p 1 ap 2009 31 dc 2009.

lim benG Guannon-inDEPEnDEnT non-ExECUTiVE DiRECToR ag 40 m

MemberofAudit CommitteeMemberof Nomination CommitteeChairman ofRemunerationCommittee

m l pp b atis 5 F2009. h g bc dg accc(h) u m, m. h ppc c g cp c p G mg Cp

a pc cp. b atis, b m.

m l (3) (4) b mg g c p 1 ap 2009 31 dc 2009.

nte:

n dc :

p dc / mj

s Cp.

cfc Cp.

cc c p (10) , c c.


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. a i . c .

9

Chairmans statement& review oF oPerations

on behalF oF the board oF direCtors oF atisCorPoration berhad (ATis), i am Pleased toPresent the annual rePort and FinanCialstatements For the 9-months FinanCial Periodended 31 deCember 2009.

t c p cgg c g. u cc cpc c c pg , m . dp cgg pg, Gp g

c rm354.7 9-c p. t p 11.6% cc pcg cpg 3-q rm401.1 .

t c c pc c g c 16% q kvC ( i ecc &ecc ) sp. t pp sp, Fc- g c g cc . o 15-p pg pp, Gp g g sp g p c cg cp p cg ppc g. t atis g p p cp g pc c g c .

b g c c, cg c cg cp g c Gpc i spp. t g fc Gp p p Gp c rm60.4 q cc cg p rm1.5 . t rm60.4 p p c 2 cp g rm37.9 .. p 16% kvC g

g cq 23.78% mG dp b (m). t pgp p cg cp rm22.5 cp rm15.7 pcg . t gc 45% p pg p p p i h d pp p rm9.5 . t i hd g cp c pcp c c p.

a cp p , c p rm28.3 16%q kvC sp, atis g q m 23.78% 30.28%. w g q , atis g gp m g c g m. a atis, g g g pp m .dg c p, m c 2 pjc,mG P m G P a dP Cc C. b cc p g p rm146.6 31 dc 2009. o 30.28% mc rm0.8 (g 1- p) Gp p p c p.


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10

Chairmans statement & review oF oPerations

t pp gg pp g c g c c atis g 39.94% q Gc tcgb (Gc), cp aCe m sc ecg. Gc, pc p 9- p p rm1.9 . t p p c rm0.8 atis.

b gc c m Gc,atis 20% q u Phg s b ( kp hg

s b) c cg cp g g c pc. t dc 2008 p c atis 9-c p gg, p p p c pcg c c g gg pc g pg 3 .. a, ep m e.

outlook

2010 g p g p

c c GdP g 4.5% 5.5% m c b ng m. ag cp c c c p , pc g c i spp. t fcg c, c p p 2009, c cc c g c .

w c c c gg g c c c g c, g c.

w g c c gg pp g . w c m . w pc g pc c cp Gc, c pc p c.

lg , Gp , cpc p g c p Gp pg c. w c c pp g g pc,

p pc.

aPPreCiation

2009 g cgg cg c pc c c c, c cc atis. o b, i c p ppc cg pp , ,c, , c c. i g p g p c cp g c c g atis.

o b, i pp p c g ppc ec dc, m y k y, g cp atis cg aGm. m y b atis c 2004. h p gc c g .

Mej Je (Rtd) Dat Haj Fauz B HuaC


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11

CorPorateGovernanCe statement

the board oF direCtors is Committed to ensurethat the hiGhest standards oF CorPorateGovernanCe are PraCtised throuGhout theGrouP as a Fundamental Part oF disCharGinGits resPonsibilities to ProteCt and enhanCeshareholders value and the FinanCialPerFormanCe oF atis CorPoration berhad(ATis). to this end, the board Continuesto suPPort the reCommendations oF themalaysian Code on CorPorate GovernanCe(THE CoDE).

t b p c cp Gp pp pcp g gc

c cp pcc C.1. board oF direCtors

() the board

t b cy (9) cpgf (5) exc dc (4) n-excdc, w (1) -p, (3) p, cg C. tb c gp b c gpc. t b cp cp w lg rq b my sc b(Bura securitie) q -

b p c. tg, dc g w g fcxpc c yc xpg Gp. t pf c dc pg 6 8 a rp.

t b p p g cg Gp gg . t b p g pggc p Gp, g qc g Cp c, cc pg g, pg cc pc.

t c p C Gp mgg dc(GMD) c p . t C p cc b b c c pcp c b c Gmd p g p pc g p b. tc C p

g p c Gmd Gp g Gmd p Gp p.

mj J (r) d hj Fz b h pp 14 J 2009 sip n-ec dc b cc c.

t ip dc p g j . tip dc c pc g p jg c-g pc Gp c

pc pc. t (3) ipdc, p, c p atis Gp.

a dc g g cp lg rq b sc ip dc c pc g.

t dc c p Cpdc C ec CpC m.

() board meetinGs

t b q , g pc c c. dg c p 31 dc 2009, (4) b g . t c c dc g pg 6 8 a rp.

P c b g, dc c p c cpg g p c.

t b c pcc c c c Gp . t gc Gp cg j c, pp cp p, cq p g.


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12

CorPorate GovernanCe statement

(c) suPPly oF inFormation

t b cpc cc ppp q c cg p.

t b cc c c Cp sc p b g b pc ppc g cp .

b g c cc g , dc p pc Cp p, c, c .

() direCtors remuneration

() r C (rC) r Pc

t b 14 J 2009 p rCcpg c (3) n-ecdc, j p.t rC c l bg G mj J (r) d hjFz b h t k t. tC p , c b dc.

t c dc, b, g cc p pc . t dc pcp c pc pp p n C c .

t n-ec dc p . n p .

terms oF reFerenCe

1. ojc

1.1 t c c g c pcg ec dc smg oc c g pgc .

1.2 t n-ecd c i p dc p c ccg b.

2. Fc

2.1 t c b cp dc s mgoc Cp , c c :-

2.1.1 pc dc s mgoc c c Cp g p; pcpp Cp jc c Cp c g;

2.1.2 pc ec dc c b pccj / p , fcg c ; c cp c

Cp jc, c g;

2.1.3 n-ec dc ipdc p c c cg b;

2.1.4 pc g m b C ( ) c cp p pc p c b

C s ip n-ec dc c cg b c.

2.2 a c c g b .


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. a i . c .

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3. mp

3.1 t rC cp n-ec dc (3) .

3.2 t C rC n-ec dc pp b, g c rCm .

4. sc

4.1 t sc rC GpCp sc.

5. mg dc

5.1 t rC c c c.

5.2 a q c (2)m.

5.3 ec dc n-ecdc g c pc pc rC b c .

5.4 m g c j

m.

5.5 i q , C rC c cg .

5.6 a g, g j m g c q c c p g rC. a c c c , c g (1) m. t p -g

g c pp gc , c g.

5.7 t sc rC c, pp cc g rC pp p pc pc q.

5.8 e b g pc g p rC pp .

6. a

6.1 t rC c c h rcmg, acc c, c Cp p.

6.2 t rC ccc , c, pp p Cp.

7. Cpc

7.1 t p ac 119, 120 121 Cpy ac

ac xcp w xpyp t rc ppy rC.

remuneration PoliCy

1. r ojc

t pc c (c -c) c cp p cp z .

t pc p dc c c Cp, cg q p.

2. r Pc

t ec dc n-ec dc p b cg c rC.

ec dc n-ecdc pcp c .

r ec dc n-ec dc b gp c rC cp p c c.


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14


() r Pcg

t (cg --) dc Cp Gp pc c p 31 dc 2009 :

other Beeft-salare Fee Emlumet -kd TtalRM000 RM000 RM000 RM000 RM000

Grup

ec dc 836 23 229 27 1,115n-ec dc 89 89

Cmpayn-ec dc 89 89

t dc g :-

Grup Cmpay

Eecutve n-Eecutve Eecutve n-EecutveRage Remuerat Drectr Drectr Drectr Drectr

b rm 50,000 4 4rm 100,001 rm 150,000 1 rm 200,001 rm 250,000 3 rm 250,001 rm 300,000 1

3. ec dc r

t cp pcg ecdc cp , , --.

t pcg c c Cp g p pcpp Cp jc c Cp c g.

t pc ec dc

rC g c b c g Gp pcfcg c .

4. n-ec dc r

F n-ec dc, p . n p .

t n-ec dc p c c cg b.

s pp a rp pc cc g dc p, g g

p, Cp, dc .

attendanCe at rC meetinG

t rC (1) g c p 31 dc 2009. t c c rC rC g :

number RC MeetgRC Member Held Atteded % Attedace

l bg G 1 1 100

mj J (r) d hj Fz b h 1 1 100

t k t 1 1 100n: mg 30 n 2009.


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15

() re-eleCtion oF direCtors

i ccc Cp ac ac, b q a G mg (aGm) jc -c s. i , dc c c (3) . a g dc g -c.

n pp dc c aGm Cp g -c.

() direCtors traininG and induCtion

a dc cp macc Pg Cg ecPg (CEP) pc cc b sc.

ag CeP dc p b sc c 2005, b c , c p p g q g c cg . t b pc g c dc c c .

F c p 31 dc 2009, dc c pc g. t pg cc g g , / p pc cg c cp gc , cg q, g g cpg , g pg, iso, p p p.F , b c p,pc g g p Cp dc.

(g) nomination Committee (nC)

t b 15 mc 2004 nC cpg c (3) n-ecdc, j p. tnC c mj J (r) d hj Fzb h t k t l bg G.

t C p g g c b. h, pp b cg c C.

t nC p c , z b p, ppp g, ccpc cp b.

terms oF reFerenCe

1. ojc & Fc

1.1 t c b c pp c c,c , pcc, c cp Cp, pp dc cc -

c p aGm Cp.

1.2 t c, g c c() pp -c b:-

, g, p pc;

p;

g;

i c c p ip n-ec dc, nC c cg c p c pc ipn-ec dc.

1.3 t c b, dc b C() b Cp.

1.4 t b g , q pc q, cg

c cpc c n-ecdc g b.

1.5 t c , c b , c b, g c c c, cg ipn-ec dc C ec oc.


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16

2. mp

2.1 t nC, cg (3) dc, pp b p b r c qc() b ppp.

2.2 t C nC pp b, g c nC m .

3. mg dc

3.1 t nC g .

3.2 a q c (2)m.

3.3 nc (3) g g cg g q p.

3.4 m g c j m.

3.5 i q ,

C nC c cg .

3.6 a wg, g y jy m g w fc q c c p g nC.

ay c y c c , c g y (1) m. t xp-wg g c ppy g cf y x,c g.

3.7 Pcg g p C3.6 c sc p Cpg c.

3.8 e b g pc g p nC pp .

4. Cpc

4.1 t p ac 119, 120 121 Cp ac ac cp p

p t rc pp nC.


attendanCe at nC meetinGs

t nC (1) g c p 31 dc 2009. t c c nC nC g :

number nC MeetgnC Member Held Atteded % Attedace

mj J (r) d hj Fz b h 1 1 100

t k t 1 1 100

l bg G 1 1 100

nmg 28 m 2009.


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. a i . c .

17

() aGm

t Gp aGm pcp g cg

pcp q . ec dc C p q g g;

(c) a g

a p b p pg pg pg,g c Cp / g .P p c p Gp pc j p pg;

() w

s pc c q p,

c cp cp ccg Gp .t ccc pg q g c .

3. aCCountability and audit

t b a C (aC) c pg c c Gp. t aC cp (3) dc n-ecdc, j g ipdc. t b c pc aC c g c (3) c ccc aC t rc.t t rc, p c aC aC rp pg 22 26 a rp.

2. relationshiP with shareholders

t Gp c g cc , g p gc cp p ccc b sc lg rq. t Gpcc p, c pc Gp , pc g g:-

() Pc rp

t q c, a rp c c bsc;

Date iue/ number Day ater Bura securteReleae ed Year/Quarter Deadle

Aual Reprt

2009 (P dc09) 30 ap 2010 120 30 J 20102009 (y m09) 27 J 2009 118 30 sp 2009

2009 Quarterly Reult

Q 30.06.09 19 ag 2009 50 31 ag 2009Q 30.09.09 30 n 2009 61 30 n 2009Q 31.12.09 25 F 2010 56 28 F 2010


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18

() Fc rpg

t b p p c Gp p ppc g c q c b sc. t dc p c pp ccc p Cp ac, 1965 ppc ppccg m. a dc p ppg c pg 91 a rp.

() r P tca p c aC q p cc aC g q .d c n Fc s pg 80 82 a rp.

(c) i C

t b cg p c c c g

Gp . t pcp s iC dc pg 20 21 a rp.

wg C F (Gp Cp sc) t P a (Cp Fc dp) p g gcpc Gp.

() rp e a

dg c p, m mz pp , p Cp pc c p Gp cp pc Gpc . i g , Gp p g p q.t gg aC b dc q b. dg c p 31dc 2009, aC c pc ec dc.

ComPlianCe statement

t Gp cp pcp p 1 2 pc C.

sg b dc ccc dc p b mg 13 ap 2010.

MEJ JEn (RTD) DATo HAJi FAUZi Bin HUssAinC



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. a i . c .

19

CorPoratesoCial resPonsibility

at atis, we are ever mindFul oF ourresPonsibilities towards Good CorPoratesoCial resPonsibility PraCtiCes PartiCularlytowards the Community, environment,market PlaCe and workPlaCe in whiCh weoPerate. our Commitment is deePly embeddedin our CorPorate PhilosoPhy and in FulFillinGits soCial resPonsibilities, atis had in 2009FoCused on Csr initiatives and aCtivities in

the area oF:-

the Community

t Gp p cg g c c c -. dg c p, t sp C F c ZJ C Cc c pc c c g.

the environment

e , c pg cc g - Pp

pg g g-g g c c led gg cc ,c, g.

t p c, p c GG c pp p .

b c c, cg pg p p

. w , g c p bc tn p ecsg lg, k. o p 2012 c c c c c pc g ccc p .

the workPlaCe

i pg , g c p atis sp & rc C g p c c p . t , t C n yP, t C P c dp-hr-m a C, fc -c -c c g o bg-F.

t g, -gg pc p , , ,g, , p, , p, g c.dg c p, p pcp

g ecc & ecc ac m teeam b t,teeam Jg teeam bg t. b, c jpp g p.

t c g cp c c ww, w mg w s tg bg-F, c - - c . b p cc g pp g, g cp Cp v wp p g p g c

c p, g pcc g jc.


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20

statement oninternal Control

the board is Pleased to Present the statementon internal Control oF the GrouP (exCludinG assoCiates, as the board does not haveControl over its oPerations) Pursuant toParaGraPh 15.27(b) oF the listinG reQuirementsoF bursa malaysia seCurities berhad (bursaseCurities) and in aCCordanCe with thestatement on internal Control: GuidanCeFor direCtors oF PubliC listed ComPanies

issued by the institute oF internal auditors.

board resPonsibility

t m C Cp Gc q b c g Gp .t b p atisGp c c c g gc c, p, c g Gp.

t c g g c Gp jc. accg, c c p c

g .F Gp c , cg pc pc qc, :

) risk manaGement Framework

a p, Gp g g c c p gc pc Gp g jc.

t b, g, c c p,

, g gc c Gp g g Gp p cc p b g.

t b s mgt (sMT) g -gg c g pc g , pcp. t smt ppp pc g cg c Gp jc.

t smt cp ec dc dpmg/h.

) key ProCesses

t Gp c pc C spg og t

C (Coso) pcp c :

) C e

t Gp g c c Gp p Gp c .

t b g p c, c c aC , r C n C p b pc c j p.

dg mg b c cc p.

t Gp c ,pc cp p . i Gp cc p, g12- b mg t Pg pc c -c c pp Gp .

) r a

t b cg pc gg p smt.

k , p cg g smtg g c p p g, p- c p- gg g.


23/108

. a i . c .

21

) C ac

t pg pc pc pc c, pc cgg ,p pg .

) i Cc

t Gp g c cp, f Gp.

mg c Gp c p c ,, c p

g pc.

) mg

t g Gp c Gp Fc mg acc. tg, p p c , pc c c aC b q .

t Cp sc p p pp b g q cpc .

ConClusion

mg c gg c g Gp c pc. dg c p, c c.


24/108


22

audit CommitteerePort

members oF the audit Committee (AC) shallnot have a relationshiP whiCh in the oPinionoF the board oF direCtors, would interFere with the exerCise oF indePendent JudGmentin CarryinG out the FunCtions oF the aC.members oF the aC shall Possess wisdom,sound JudGment, obJeCtivity, indePendent attitude, manaGement exPerienCe andknowledGe oF the industry. all members oF

the audit Committee are FinanCially literate.

ComPosition oF the aC

t p aC Cp :

() mj J (r) d hj Fz b h(C/s ip n-ec dc)

() t k t(m/ip n-ec dc/mia)

() l bg G(m/n-ip n-ec dc)

terms oF reFerenCe

1. ojc

1.1 t p c b gg jc p Gp c, p c pc.

1.2 t b g g c gg Gp.

1.3 t p q

cc i a ea.

1.4 t c pc e a e a pc.

1.5 t p g, p c e a,i a , cg c dc p Cp.

1.6 t c jc i a p c aC.

2. mp

2.1 t aC pp b p b r.

2.2 i cp (3) m n-ec dc j g ip dc.

2.3 t C aC pp b, g c, m aC. t C ipdc.

2.4 i m c (3) g m, () mc m aC, b, (3) , ppg c n-ec dc, m p q.

2.5 a m aC c.

2.6 a (1) m aC:-

2.6.1 m i acc (MiA);

2.6.2 i / mia, / (3) gpc :-

() / p xpcf P i 1 sc acc ac, 1967;

() / (1) c cc pc

P ii 1 sc acc ac, 1967;

2.6.3 c q pc pp b m sc b (Burasecurte).

2.7 a dc g p aC.


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. a i . c .

23

3. a

3.1 t aC b g c t rc.

3.2 i cc pg Cp c cc c i a, e a p Gp.

3.3 i c c q p c p g pc c c pc p c

c.

3.4 i p s-aC() g p c s-aC() pp cg c g c aC c , pp c c Gp s-aC().

4. Fc

4.1 t g p b:-

4.1.1 i a e

a p p.

4.1.2 e a, qc c c , pg ccgpc p.

4.1.3 c g c p Gp ia e a.

4.1.4 Cp q / c c b,cg pc cg p j ccg pc pcc; gc j g ; gc ; gg cc p; cpc ccg gq.

4.1.5 e a g ,mg p g.

4.1.6 p c cfc Cp Gp cg c,pc c cc q mg g.

4.2 t c pc pjc j g g c g p.

4.3 t c/ p p e a. t c -pp e a, q g e a.

4.4 t c e a cc, cp c- .

4.5 t c p g , e a c c mg, c.

4.6 t c p p ep s op sc (Esos) g cpc c esos c c

a rp Cp c p.

4.7 t p c c s-aC(), .

4.8 t p cc c p c p p,pcc p c.

4.9 t g, c:-

4.9.1 c c p c ;

4.9.2 qc cp, c,cpc c c c c ;


26/108


24

4.9.3 pg, pc, pg,pc g ppp c c c;

4.9.4 pp pc c;

4.9.5 c g, c gcpc Gp;

4.9.6 pp pp

c c p -;

4.9.7 cgc g p gg pp gg c p -.

4.10 t c c c c pc g p b.

5. mg

5.1 t aC g g

c g C aC c . aC pcp g aC cc p cc -ccg qp c p pcpg gc c pcp g cc aC pcp g p p c pc p c g.

5.2 a q c (2) m. tj m p ipn-ec dc.

5.3 u m , (7) c c aCg g cp c gc, c aCg g g.

5.4 m g c j m.

5.5 a g, g j m g c q c c p g aC. a c c c , c g (1) m. t p-g g c pp g c , c g.

5.6 Pcg g p C 5.5 c sc p Cp g c.

5.7 e b g pc g p aC p .

5.8 t aC pc g c g e a, i a ,cg c ec dc b, mg / p. te a i a g pp g pp aC q aC.

5.9 up q e a,

C c g c e a g dc Cp.

5.10 t ec dc cp Gp, p i a, mg p Gp, c q, q cg.

5.11 t Fc dc/ofc, p p ex a aC g.o b m y aC gp aC. hw, aC w ex a / i a wc fc y w pc exc b m Cpy.

6. Cpc

6.1 t p ac 119, 120 121 Cp ac ac cp p p t rc pp aC.

audit Committee rePort


27/108

. a i . c .

25

summary oF aCtivities undertaken by the aCdurinG the FinanCial Period

t C c g c cgg p:

Fc r

() r ppp c Gpq c c Gp cg c

pg , cg b c pp p Gp b sc.

() r Gp cpc g, :

Listing Requirementsof Bursa Securities;

Provisions of the Companies Act, 1965 and otherg q;

Applicable approved accounting standards inm.

e a

() r e a cp , gg, pp p cp q c c Gp c p 31 dc 2009;

() r e a g p c ppc p;

() r g c p gg p C;

() r pc pc cg b -pp ;

() rc e a pc c g c

aC gg b;

() t aC c e a ec dc p g c p 31 dc 2009.

i a

() r i a, p cp 31 dc 2009 g pcp pc q c p;

r P tc

() r p c cpc lg rq b sc ppp c c cg b pp;

() r pc cg rc r P tc.

attendanCe at aC meetinGs

t aC (5) g c p 31 dc 2009. t c c aC aC g :

number AC Meetg AC Member Held Atteded % Atte

mj J (r) d hj Fz b h 5 5 100

t k t 5 5 100

l bg G 5 4 80

n

mg 28 ap 2009, 28 m 2009, 14 J 2009, 18 ag 2009 30 n 2009.


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26

o

() r Gp cpc p m C Cp Gc pp ppg Cp Gcs i C p lgrq b sc;

() r qc t rc C;

() n-ec dc p pc ec dcg c p 31 dc 2009.

internal audit FunCtions/aCtivities

t Gp c c , CGrmic s b, p p , cp c aC b dc g gg c.

t i a C t rc,, g , p c Gp. t cp c g, c,gc cpc c Gp. t c c is P Pcc i ag t i i a.

CGrm ic s b p jc g cc -- p Gp.

t ppc p Gp ppc p g c cp. t cp g c:

Reviewandassesstheriskmanagementandgovernancec Gp.

Review and appraise the soundness, adequacy andppc ccg, c c pg c c Gp.

Ascertain the extent to which the Groups assets areg.

Ascertain the level of compliance to the Group policy pc.

Recommend improvements to the existing system of riskg, c gc.

t c p p c pc c c p 31dc 2009 rm11,548 (31.3.2009: rm27,513).

audit Committee rePort


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Contents28 DireCtors report

33 inDepenDent auDitors report

35 BalanCe sheets

37 inCome statements

38 statements o Changes in equity

41 Cash low statements

44 notes to the inanCial statements

90 statement By DireCtors

90 statutory DeClaration

Financial statements


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Atis CorporAtion BerhAdDecember 2009 AnnuAl report

28

t Dc v b d dd c g d C c d dd 31 Dcb 2009.

PRinciPal actiVities

t C c d v d c cv bd d n6 c . exc b cb cv dcd n 29 c , v b c c cv d c d.

cHanGe OF Financial YeaR enD

t C cd c d 31 mc 31 Dcb c c c ddd 31 Dcb 2009.

t c c c d d 1 a 2009 31 Dcb 2009.

ResUlts

GROUP cOmPanY

Rm000 Rm000

p d 54,202 27,792

p bb :

sd C 51,903 27,792m 2,299 -

54,202 27,792

ReseRVes anD PROVisiOns

t v d v d d d v xc dcd c .

DiViDenDs

n dvdd d d c d d Dc d cd dvdd b d c c d d v.

DireCtorsreport d dd 31 Dcb 2009


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. a . c .

29

DiRectORs OF tHe cOmPanY

Dc vd c d :mj J (rd) D hj z B hC K V y K yl Kk Khd B abds C pC K t Kk tl B g

DiRectORs inteRests

t d dd d C d d c ( -d bd) Dc d c d cdd r Dcsd :

nubr o ordry hr o Rm0.50 h

B B 1.4.2009 Bough sod 31.12.2009

shrhodg whh Dror hv r

In the Company

C K V #

- dc 48,344,240 - - 48,344,240- dc 14,601,600 - - 14,601,600 y K y

- dc 5,000,000 - - 5,000,000- dc 6,050,000 - - 6,050,000

l Kk K

- dc 4,141,330 - - 4,141,330- dc 2,157,300 - - 2,157,300

hd B abd

- dc 70,720 - - 70,720

s C p- dc 4,863,920 - - 4,863,920- dc 2,157,300 - - 2,157,300

C K

- dc 437,000 - - 437,000- dc 6,157,000 - - 6,157,000

l B g

- dc 5,171,200 - - 5,171,200


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30

DiRectORs inteRests (cOntD)

# B v C K V C, dd d bd d c d x C , sc 6a(4) C ac, 1965.

n Dc d c 31 Dcb 2009 d d Cd d c d c d.

DiRectORs BeneFits

sc d v c , Dc C cvd bc d cv b ( b cdd cvd d d cvb b Dc c C d c xd

C) b cc d b C d c Dc c Dc b, c c Dc b c , c Dc v c c c c dd c c g d c b, dcd n 26 c .

th d d h d h c d hch hd h bjc b Dc h Cy cq b by h cq h db h Cy y h bdy c.

issUe OF sHaRes anD DeBentURes

t c d, d d d- c C d c d. t db d d c d.

OPtiOns GRanteD OVeR UnissUeD sHaRes

n d k d C d c d.

siGniFicant eVents DURinG tHe Financial PeRiOD

() i a 2009, Cb s (sea) p. ld. (Cspl), 70%-d bd C, cd bd id, pt Cb s id (ptCsi) d bcbd 90,000 d usD1.00 c, 90% ptCsi c cd usD90,000 (xrm324,000).

() i a 2009, C cd bd m, ek t C mk sd.Bd. (elKom) d bcbd 5,100 d rm1.00 c, 51% elKom

c cd rm5,100.

() i m 2009, C cd dd 5,000,000 d rm1.00 c m gdDv Bd (m), c d m Bd B m sc Bd, d c cd rm5,000,000.

(v) i J 2009, C bcbd dd 1,000,000 d rm1.00 c ud phd sd. Bd. ( k K hd sd. Bd.), c C, ccd rm1,000,000.

DireCtors report d dd 31 Dcb 2009


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31

siGniFicant eVents DURinG tHe Financial PeRiOD (cOntD)

(v) i a 2009, Cspl cd 9,800 d B 100 c Cb s (td) C. ld. (Cst) d , 49% Cst c cd B 980,000 (xrm109,760).

(v) i sb 2009, h Cy d sh s a h o Dv B.V (o) h d h 80,000 dy h rm1.00 ch, 16% h d d d- c KVC ids sd. Bhd. (KVCi) ch cd rm28,272,000. th d cd sb 2009. h d 16% qy o, KVCi bc 64% d-bdy h Cy.

(v) i ocb 2009, C cd dd 8,529,900 d rm1.00 c m m. C K V, j d d g m Dc C c cd rm8,274,003.

(v) i ocb 2009, C d s s a wd (m) Bd. c 20,000,000d rm1.00 c m, 8.66% d d d c m c cd rm19.4 .

i dd, C d s s a m. l B g d l a sd. Bd. c 21,385,700 d rm1.00 c m 9.26% d d d c m c cd rm20.74 .

t c cd Dcb 2009. dd c 17.92% , mbc 30.28% c C.

(x) D c d, C cd 2,506,400 d c k v c rm1.00 . t cd d rm2,535,270 cd c

c rm10,193. t c c cd b d d. t cd d . n d d c d.

OtHeR statUtORY inFORmatiOn

() B bc d c g d C d , Dc kb c :

() k bd db v b d d v d db db, d

() c v b d c d b v.

(b) a d , Dc ccc:

() d d bd db, v db db,

g d C d b x,

() d d v bd c g d C c d,

() c v c d dc x d v b gd C d ,

(v) d c , d d d c g d C d.


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32

OtHeR statUtORY inFORmatiOn (cOntD)

(c) a d , d x:

() c g C c d c d c c b ,

() c b g C c d c d.

(d) n c b b c g bc cb, k bccb d v d c d c, Dc, b c b g d C b d d.

() i Dc, c c, d d d bd

c, d c c c dcd n 29 c , cc g d C c d dd 31 Dcb 2009 v bb cd b , c v d c , c v ccd v b d c d d d .

aUDitORs

t d, mz, Cd acc, v xd c c.

sd b Dc ccdc Dc dd 19 a 2010

sa cHee PenG cHeW KUan FaHDc Dc

K l

DireCtors report d dd 31 Dcb 2009


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. a . c .

33

RePORt On tHe Financial statements

w v dd c atis C Bd, c c bc 31 Dcb2009 g d C d c , c d c f g d C d dd, d c cc c d x , 35 89.

Directors Responsibility for the Financial Statements

t Dc C b d c ccdc c r sdd d C ac, 1965 m. t b cd:d, d c v d c , d d ; c d cc c;d k cc b ccc.

Auditors Responsibilityo b x c bd d. w cdcd d ccdc vd dd d m. t dd c c d d d b b c c .

a d vv cd b d vdc b d dc c. t cd cd dd jd, cd k c , d d . i k k , cd c v C d c d d d cd ccc, b x cv C c. a d cd v cc c d d b cc d b Dc, v v c .

w bv d vdc v bd c d vd b d .

Opinion

i , c v b d ccdc c r sdd d C ac, 1965 m v d v c g d C 31 Dcb 2009 d c c d c f d dd.

Rpor o Ohr lg d Rguory Rqur

i ccdc C ac, 1965 m, :

) i , cc d cd d d b ac b k b C d bd c v cd d v b k ccdc v ac.

b) w v cdd c d d bd c v cd d, c dcd n 6 c .

c) w d c bd v b cdd C c d c d c g d v cvd c d x d b .

d) t d c bd dd c c dv cd d sc 174(3) ac.

inDepenDent auDitorsreport b a C Bd (cd m)


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34

Ohr mr

th d y h b h Cy, bdy, ccdc h sc 174 h C ac 1965 my d h . w d by y h h c h .

maZaRs tanG Kin KHeOnGn. a: 1954 n. 1501/9/11 (J/ph)

Cd acc p

K l

inDepenDent auDitors report b a C Bd (cd m)


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. a . c .

35

GROUP cOmPanY

no 31.12.2009 31.3.2009 31.12.2009 31.3.2009Rm000 Rm000 Rm000 Rm000

assets

p, d 3 51,364 52,660 - -pd 4 2,683 2,743 - -iv 5 10,441 11,446 - -iv bd 6 - - 36,342 42,806iv c 7 110,204 15,587 78,640 9,104o v 8 7,514 15,029 7,485 15,000ib 9 13,227 13,201 - -Dd x 10 461 863 - -

tOtal nOn-cURRent assets 195,894 111,529 122,467 66,910

iv 11 79,612 56,665 - -rcvb, d d 12 180,181 155,191 3 3 a d bd 13 - - 37,511 64,59 a d c 14 549 691 - C x 3,346 4,180 35 14 a cd d 15 739 843 - -C d c v 36,650 56,984 656 4,656

tOtal cURRent assets 301,077 274,554 38,205 69,265

tOtal assets 496,971 386,083 160,672 136,175

eQUitY

s c 16 79,934 79,934 79,934 79,934s 9,220 9,220 9,220 9,220rv 17 173,628 125,665 71,464 46,207

t bb d C 262,782 214,819 160,618 135,361

m 33,983 21,016 - -

tOtal eQUitY 296,765 235,835 160,618 135,361

liaBilities

l d b 18 68,033 58,080 - -Dd x b 10 1,282 843 - -

tOtal nOn-cURRent liaBilities 69,315 58,923 - -

BalanCesheets 31 Dcb 2009


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36

GROUP cOmPanY

no 31.12.2009 31.3.2009 31.12.2009 31.3.2009Rm000 Rm000 Rm000 Rm000

pb d cc 19 69,074 45,480 54 814l d b 18 53,732 41,405 - -Dvv c b 20 3,594 - - -C x b 4,491 4,440 - -

tOtal cURRent liaBilities 130,891 91,325 54 814

tOtal liaBilities 200,206 150,248 54 814

tOtal eQUitY anD liaBilities 496,971 386,083 160,672 136,175

n d c 44 89 ad' r - p 33 d 34

BalanCe sheets 31 Dcb 2009


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. a . c .

37

inComestatements d dd 31 Dcb 2009

GROUP cOmPanY

1.4.2009 1.4.2008 1.4.2009 1.4.2008o o o o

no 31.12.2009 31.3.2009 31.12.2009 31.3.2009Rm000 Rm000 Rm000 Rm000

Rvu

- s d 354,746 497,831 - -- Dvdd - - 8,533 55,065

354,746 497,831 8,533 55,065co o

- C d d (280,406) (412,873) - -

Gro prof 74,340 84,958 8,533 55,065o c 2,782 5,303 - -Db x (21,642) (27,600) - - adv x (29,584) (37,686) (466) (o x (1,967) (6,751) - (2,000)

Ru ro oprg v 23,929 18,224 8,067 45,825i c 239 786 84 86c c (3,156) (6,766) (50) (18)

Oprg prof 22 21,012 12,244 8,101 45,893s x

ccd c 1,496 3,453 - -l d bd - (19) - -g d bdy 29 (b) 14,426 21,295 21,803 28,063nv d

c c c 29 () 23,451 - - -

Prof bor x 60,385 36,973 29,904 73,956tx x 24 (6,183) (4,439) (2,112) (13,511)

Prof or h prod 54,202 32,534 27,792 60,445

arbub o:

sd C 51,903 30,179 27,792 60,445m 2,299 2,355 - -

Prof or h prod 54,202 32,534 27,792 60,445

B rg pr ordry hr () 25 35.4 19.7

n d c 44 89 ad' r - p 33 d 34


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38

arbub o hrhodr o h copy----------------- no-drbub ----------------- Drbub

shrshr shr trury tro opo Rd mory to

no p pru hr rrv rrv rg to r quyGroup Rm000 Rm000 Rm000 Rm000 Rm000 Rm000 Rm000 Rm000 Rm000

a 1 apr 2008 79,397 8,579 - (205) 874 109,192 197,837 3,762 201,599

p h y - - - - - 30,179 30,179 2,355 32,534

t cdc d x

h y - - - - - 30,179 30,179 2,355 32,534

exch dc hc - - - (1) - - (1) 46 45

g cd h c - - - (1) - - (1) 46 45

ic h xc

esos 537 564 - - - - 1,101 - 1,101

t h esos xcd - 77 - - (77) - - - -

t d esos d - - - - (797) 797 - - -

rch y h - - (14,297) - - - (14,297) - (14,297)

D bdy 29() - - - - - - - 14,853 14,853

a 31 mrh 2009 79,934 9,220 (14,297) (206) - 140,168 214,819 21,016 235,835

n d h c 44 89 ad' r - p 33 d 34

statements oChanges in equity d dd 31 Dcb 2009


41/108

. a . c .

39

arbub o hrhodr o h copy----------------- no-drbub ----------------- Drbub

shr shr trury tro Hdg Rd mory tono p pru hr rrv rrv rg to r quy

Group Rm000 Rm000 Rm000 Rm000 Rm000 Rm000 Rm000 Rm000 Rm000

a 1 apr 2009 79,934 9,220 (14,297) (206) - 140,168 214,819 21,016 235,835

p h d - - - - - 51,903 51,903 2,299 54,202

t cdc d x h d - - - - - 51,903 51,903 2,299 54,202

exch dc h c - - - 478 - - 478 421 899

g cd h c - - - 478 - - 478 421 899

v dj ch f hd - - - - (1,883) - (1,883) - (1,883)

rch y h - - (2,535) - - - (2,535) - (2,535)

Dvdd d y hhd - - - - - - - (3,600) (3,600)

D bdy 29(b) - - - - - - - 13,847 13,847

a 31 Dbr 2009 79,934 9,220 (16,832) 272 (1,883) 192,071 262,782 33,983 296,765

n d h c 44 89 ad' r - p 33 d 34


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40

arbub o hrhodr o h copy------------------ no-drbub ------------------ Drbub

(auudo)/

shr shr trury shr opo Rd top pru hr rrv rg quy

copy Rm000 Rm000 Rm000 Rm000 Rm000 Rm000

a 1 apr 2008 79,397 8,579 - 875 (739) 88,112

p h y - - - - 60,445 60,445ic h xc esos 537 564 - - - 1,101t h esos

xcd - 77 - (77) - -t d esos

d - - - (798) 798 -rch y h - - (14,297) - - (14,297)

a 31 mrh 2009 79,934 9,220 (14,297) - 60,504 135,361

p h d - - - - 27,792 27,792rch y h - - (2,535) - - (2,535)

a 31 Dbr 2009 79,934 9,220 (16,832) - 88,296 160,618

n d h c 44 89 ad' r - p 33 d 34

statements o Changes in equity d dd 31 Dcb 2009


43/108

. a . c .

41

Cash lowstatements d dd 31 Dcb 2009

GROUP cOmPanY

1.4.2009 1.4.2008 1.4.2009 1.4.2008o o o o

31.12.2009 31.3.2009 31.12.2009 31.3.2009Rm000 Rm000 Rm000 Rm000

casH FlOWs FROm OPeRatinG actiVities

p b x 60,385 36,973 29,904 73,956

adj :ac d v

v bdy - - - 2,000ac db db, 1,834 - - -

a b 51 62 - -a d y 60 69 - -Bd db 55 - - -Dc v 266 317 - -Dc y, d q 3,530 6,593 - -Dvdd c c - - - (965)Dvdd c bdy - - (8,533) (54,100)c c 3,156 6,766 50 18g d hd - (101) - -g d bdy 29(b),() (14,426) (21,295) (21,803) (28,063)i d - 868 - -i c (239) (786) (84) (86)l d d y - 87 - -(g)/l d y, d q (185) 32 - -l d bd - 19 - -nv d cq

c cy 29()() (23,451) - - -py, d q 256 1,340 - -iv d, 968 - - -sh qy ccd c (1,496) (3,453) - -ud xch 5 2 - -

o /() b k c ch 30,769 27,493 (466) (7,240)

Ch k c:a d /() c 162 (473) - -

a d /() bd - - 27,081 (34

iv (23,915) 32,891 - -pyb d cc 24,412 (15,824) (760) 784rcvb, d d y (25,978) 44,474 - -

ch ro/(ud ) opro 5,450 88,561 25,855 (41,384)


44/108


42

GROUP cOmPanY

1.4.2009 1.4.2008 1.4.2009 1.4.2008o o o o

no 31.12.2009 31.3.2009 31.12.2009 31.3.2009Rm000 Rm000 Rm000 Rm000

ic x d (4,459) (7,711) - -i d (302) (227) - -i cvd - 13 62 -

n h ro/(ud ) oprg v 689 80,636 25,917 (41,384)

casH FlOWs FROm inVestinG actiVities

acq h v (7,485) (15,000) (7,485) (15,000)acq b (77) - - -acq y, d q (2,929) (6,061) - -pcd d bdy 28,272 36,148 28,272 36,148D bd, ch dd - (38) - -Dvdd cvd c - 965 - 965Dvdd cvd bdy - - 6,400 40,575Dvdd cvd h v - - - -ic v bdy - - (5) (408)ic v c (54,669) (3,500) (54,536) (3,500)i cvd 239 773 22 86pcd d hd - 2,275 - -pcd d d y - 57 - -

pcd d y, d q 623 501 - -

n h (ud )/ro vg v (36,026) 16,120 (27,332) 58,866

casH FlOWs FROm FinancinG actiVities

Dvdd d y hhd (3,600) - - -i d (2,854) (6,539) (50) (18)n dd 14,604 46,389 - -pcd c h c - 1,101 - 1,101Dd/(ry) c

d bk' ccc 36,094 (43,814) - -ry cc (25,000) (55,000) - -ry c b (1,352) (1,287) - -

rch y h (2,535) (14,297) (2,535) (14,297)whd dd d h cd bk - 869 - -

n h ro/(ud ) fg v 15,357 (72,578) (2,585) (13,214)

Cash low statements d dd 31 Dcb 2009


45/108

. a . c .

43

GROUP cOmPanY

1.4.2009 1.4.2008 1.4.2009 1.4.2008o o o o

no 31.12.2009 31.3.2009 31.12.2009 31.3.2009Rm000 Rm000 Rm000 Rm000

n (dc)/c ch d ch qv (19,980) 24,178 (4,000) 4,268

Ch d ch qv b c d/y () 55,504 31,326 4,656 388

ch d h quv d o f prod/yr () 35,524 55,504 656 4,656

(i) Cash and cash equivalent

Ch d ch qv cdd h ch f c h bc h :

GROUP cOmPanY

1.4.2009 1.4.2008 1.4.2009 1.4.2008o o o o

31.12.2009 31.3.2009 31.12.2009 31.3.2009Rm000 Rm000 Rm000 Rm000

Ch d bk bc 36,650 56,984 656 4,656Bk vd - cd (1,126) (1,480) - -

35,524 55,504 656 4,656

n d h c 44 89 ad' r - p 33 d 34

Cash low statements d dd 31 Dcb 2009


46/108


44

1. siGniFicant accOUntinG POlicies

() B o prpro

t c g d C v b d ccdc c rsdd (rs), d b m acc sdd Bd (masB), cc c ccd d C ac, 1965 m.

t c v b d c c b.

th c d r my (rm), hch h g d h Cy cccy. a c d rm h b dd h hd, h d.

(b) nw/Rvd FRs, iu co irpro (ic irpro) d ad o FRs h r o yv

t g d C v d /vd rs d iC i (cd c d) v b d b masB d v b cv.

ev or fprod bgg

nw FRs, ad o FRs d irpro o or r

rs 3 B Cb (vd) 1 J 2010rs 7 c i: Dc 1 J 2010rs 8 o s 1 J 2009rs 101 p c s (vd) 1 J 2010rs 123 B C (vd) 1 J 2010rs 127 Cdd d s c s (vd) 1 J 2010

rs 139 c i: rc d m 1 J 2010iv rs (2009) 1 J 2010iv rs (2010) 1 J 2010

iC i 9 r ebddd Dvv 1 J 2010iC i 10 i c r d i 1 J 2010iC i 11 rs 2 - g d t s tc 1 J 2010

C d d v x rs dd b g d C v . t g d C v d d cv c d b 1 J 2010 d 1 J 2010.

t bv /vd rs, iC i d ad rs xcd v c

c c g c xc rs 101 d rs 8 dcd b:

FRS 101 Presentation of Financial Statements

rs 101 , c , c . a - c (.. cv c) d b d cvc ( c d cv c). C cv c d b d c .

notes to theinanCial statements d dd 31 Dcb 2009


47/108

. a . c .

45

1. siGniFicant accOUntinG POlicies (cOntD)

(b) nw/Rvd FRs, iu co irpro (ic irpro) d ad o FRs h r o yv (od)

FRS 101 Presentation of Financial Statements (contd)

i dd, c d b cv d c cc c, cc cc c .

FRS 8 Operating Segment

rs 8 bc cv c g d 31 Dcb 2010. rs8, c c rs 114, s r, dc d bd vd b c dc k d cc d c. C, g

c b (n 27). ud rs 8, g c : d d c.

() sgf oug d judg

t c xc jd c cc c. i cc d c d , b, d dc c d b bc d, d d c d x d c .

a bd b kd c v d c, cxc d v c, cd xc v bvd b bd ccc, c d .

t d d vd b. rv cc cd d c vd d d cd.

cr judg d ppyg oug po

t jd d b c g cc c v c c cd c .

() a o pr o rhod d hod d d budg

a c bc d, g cd v cvb d d dd d bd c d dc b cvb d c vdd . , cvb dd bd v k v dd b v dDc d v c k cd d d. Bd g v, d.

() a o pr o v ubdr d o

a c bc d, g cd v cvb v bd d c. t d cc b xcd b dvd v d d c v. t g k d vv c jd d . w g bv d b, c c v v dcd v b c g c d .


48/108


46


() sgf oug d judg (od)

cr judg d ppyg oug po (od)

() a o pr o goodw

t g d d d b. t v-- c (Cgu) c d cd. e v-- k xcd c f Cgu d c b dc d cc v c f. t c d bc d dcd n 9.

Ky our o o ury

t k cc d k c cd c bc

d v c k c dj c d b x c dcd b:

() Drrd x

Dd x cd d x d bbd c c h x h bb h xb b vb hch h d c c c b d.sc jd qd d h dd x h c b cdbd h ky d v xb h h x .

() aow or doubu db

t g k c db db bd cvb. ac dbdb d cvb v c ccc dc c b cvb. w jd dd b xc, jd d

b cvb db.

() aow or vor

t g v v dc b. t v vv c c v v cv b v. t c c d bk b d k c v .

(d) B o oodo

() subdr

sbd , cd cd , cd b g. C x g b xc v c d c b b cv. i c, v xcb k cc. sbd cdd c d cc.

ud c d cc, c bd cdd cddc d c cc d c c.

iv bd d C bc c .

() ao

ac , cd cd , c g c fc, b c, v c d c.

notes to the inanCial statements d dd 31 Dcb 2009


49/108

. a . c .

47


(d) B o oodo (od)

() ao (od)

ac ccd cdd c d, cd d cdd d cd d . t cddc cd g d ccd c, dj, , cc c g, d cfc cc d c fc c.

w g xcd ccd c, c (cd - v) dcd d c dcdxc x g b d b v.

iv c d C bc c .

() chg Group opoo

w bd d c cd d c b bd v, dc g bd ccd d cd cd c .

wh g ch bdy qy h y ch cd d h chc h b bhd v, h cc h g h bdy ccd ch qy hch h cq cc hd cc d.

t g c c c b g d d. a dc b g b d c, d

cd cvd d, djd g v.

(v) mory r

m bc d, b db (xcd d) bd bb d b C, dc dc bd, d cdd bc d c , bb d C. m g d c cdd c c b d d C.

w cb xcd bd, xc,d cb , cd g xc x bd b , d b , k dd v cv .

i bd b , g cd c v bbd b g b cvd.

(v) tro d o oodo

i- bc d c, d d c d x -c, d cdd c . ud c ccd v d v x g v. ud d d , b x vdc .


50/108


48


() Forg urry

() Forg urry ro

tc cc d cv c cc g xc d c. m d b dd cc bc d d c cc xc d. n- d b dd cc d xc d c xc d v, c d ccc xc d v dd. cc dc cd c .

() Opro dod uo urr ohr h Rgg my

t d b c cc rm, cd d d vdj c, d rm xc bc d. t cd x d rm xc d c.

cc dc cd v. o d, ccd dc cd cdd c .

() n v org opro

exc dc bc C v , cd C c . sc xc dc cd cdd c . Dd xc dc cd cdd c d v.

() Propry, p d qup () Rogo d ur

d d d d cc d c ccd .o , d d c ccd dc d ccd .

C cd xd dc bb c , c dcbb b k cd dd , d c d dv d c cd. t c -ccd cd c d dc b. pcd c d cd .

t c , d cd b cb bd

v c d. t v d c cd bxcd b b d c k d c cd kdb, d d c. t v d bd d k c .

w c , d v d v, ccd (j c) , d .

g d d , d dd b c cd d c , d d cd c x cv c .



51/108

. a . c .

49


() Propry, p d qup (od)

() subqu o

t c c , d cd c bb cc b bdd f g d c c b d b. t c cd dcd. t c d--d vc , d cd c cd.

() Dpro

Dc cd c - b v d v c , d . ld dcd v d v b c g b b d , c c dc cd v d . dd dcd. p, d d cc dcd d dd .

t d v c d cv d :

Buildings 50 years

Factory, ofce equipment, furniture and ttings and renovations 5 - 12 years

Plant andmachinery 8 - 10 years

Motor vehicles 5 - 6 years

Dc d, v d d v d bc d.

(g) ld () F

l c g b k d d cd c . u c d d v d v . sb c, ccd ccdc cc c cb .

m d d c d b c x d dc d b. t c x cd c d d dc c dc bc b. C ccd b v v dj cd.

() Oprg o d, xc d d , d cd g bc . p d d , c d c c c b, cd v .

ld d d cc d xcd b d d . t d c d d ccd d d v b93 99 .


52/108


50


(g) ld (od)

() Oprg (od)

p d d cd c - b v . l cv cvd cd x,v .

(h) igb

() Goodw

gd b cb d d c ccd .

c 1 J 2006, d xc c c v

g v db d b.

b cb b 1 Jy 2006, d h xc h c cq vh g h v h db , b d c b h cq.

a xc g v c db , b dc b v c c cd d c .

() Frh

c cd b g d c ccd d ccd .

() subqu xpdur

sb xd cd b cd c ccb bdd cc c . a xd xd cd.

(v) aoro

gd d d v dc b d.

c d d vb . a c cd c - b v d c .

t d b 10 .

t v c bd dcd c f xcd b dvd dv .

() iv db d quy ur

iv db d c cd v bb c c.

sb c:

Investments in non-current equity securities other than investments in subsidiaries and associates, are stated atc c d v,



53/108

. a . c .

51


() iv db d quy ur (od)

sb c: (cd)

Investments in non-current debt securities are stated at amortised cost using the effective interest method lessc d v,

All current investmentsare carried at the lowerof cost andmarket value, determined onindividual investmentb b c v.

w Dc, dc v -c c d -c db c v bd d c, c d v cd x c c dc dd.

o d v, dc b d cd d c cd c .

a v db d c ccd d cc. s dcc :

() c d cvd b , d

() dc d c d d dvd.

(j) iv propry

() iv propry rrd o

iv c d c c c

b. t cd d ( d d) d c dd . p ccd b c g ccd -ccd v.

iv d c ccd dc d ccd ,c cc c , d d cc c 2().

Dc cd c - b v d 50 bd. d d dcd.

() Dro o r vu

t Dc v g v dc vv dd v.

th v bd k v, b h d hch y cd b xchd h d h v b by d h c k h h hd ch cd kdby, dy d h c.

sc v h v v dcd n 2 (c) () d n 5.


54/108


52


(k) ivor

iv d c d b v. t c v bd - - c d cd xd cd c v d b x c d cd. n b v d c d c b, d c c k .

t v v cd b cb dd bd d c d c b d c c d , d b bd d c d v.

() Rvb

rcvb cd c cc cv c c

bd.

sb c, cvb d c c db db.

rcvb d d.

() no-urr hd or

n-c xcd b cvd c cd d . id b cc d , d ccdc g cc c. t d c d v c . i cc d d b cd c . g cd xc cv .

() ch d h quv

C d c v c c d, bc d d cd cd bk. c f , c d c v d bk vd d ddd.

(o) ipr o

t c , xc v, dd x , -c cd d d c ( v bd d c) vd c d d dc . i c dc x, cvb d. d vb , cvb d c d.

t cvb c- v d v c . i v , d c f dcd v -x dc fc c k v d k cc . , d c f c dd c f ( c- ). gd cd b cb, , cd c- xcd b cb.



55/108

. a . c .

53


(o) ipr o (od)

a cd c c- xcd cvb. i cd c . i cd c c- cd dc c d cd d dc c ( ) b.

a c d vd. i c , cd d d c d dc dcd x. a vd b c d d cvb. a vd x c d xcd c d v b dd, dc , db cd. rv cdd c c

v cd.

(p) equy ru

a d c c d -d b.

Rpurh o hr p

w c cd cd, cd d, cd dcbb c, cd ddc d -vd b c v k c . rcd cd d d ddc .

w dbd dvdd, c d dc cc dbb v, b.

w d b - k, dc b cd dc bb c d c cd .

(q) lo d borrowg

l d b d d c dc b c d d v bcd c v d d b cv d.

(r) epoy bf

() shor r poy bf

s- b b c , b, d v d ck v d dcd b d xd d vc vdd.

a v cd xcd b d d - c b - g ccv b vcvdd b d b c b d b.

t g cb d cd c c . oc cb v b d, g b.


56/108


54


(r) epoy bf (od)

() shr-bd py ro

t d v d cd x, cd c , v d bc cd d .t cd x djd fc c b v.

t v d Bck sc d. m cd c d, xc c , xcd v (bd dv c v djd c xcd d bc vb ), d vxcd (bd c xc d d bv), xcddvdd, d k- (bd v bd). svc d -k ccd cd c k cc d v.

() cog b

w bb f cc b b d, c b db, b dcd c b, bb f cc b . pb b, xc b cd b ccc -ccc v dcd c b bb f cc b .

w C c cc dbd c , C cd b c , d cc c. i c, C cc c b c bc bb C b d k d .

() Pyb

pb d d b c. pb cd ccb dv c c .

(u) Rvu rogo

() Good od

rv d d v cd cvd cvb, d c, d dc d v b. rv cd c kd d v b d b, cv cd bb, cd c d b d c b d b, d c vv d.

() Dvdd oDvdd c cd cv bd.



57/108

. a . c .

55


(v) R o

r c v cd c - b v . l cv d cd c, v .

(w) ir o d borrowg o

i c cd c cc, cv d.

a b c cd c cv d, d c cd.

(x) tx xp

tx x c c d dd x. tx x cd c xc x cd dc , c c cd .

C x xcd x b xb c , x cd bvcd bc d, d dj x b c v .

Dd x cd bc d, vd dc b c d b d d x . Dd x cd dc: c d, c b c b cb d c cc xb (x ). Dd x d x xcd b d dc v, bd v b cd bv cd b bc

d.Dd x b cd xb dc.

a dd x cd x bb xb b vb c dc c b d. Dd x vd c d d dcd x bb d x b b d.

(y) erg pr hr

t g bc d dd (eps) d d . Bc eps ccdb dvd bb d d C b d v b d d d d.

(z) sg rporga db c g d vd dc vc(b ), vd dc vc c cc v (c), c bjc k d d d .


58/108


56

3. PROPeRtY, Plant anD eQUiPment

Fory,of

qup,urur d a

Group Frhod fg d P d moor udrd Budg rovo hry vh oruo to

Rm000 Rm000 Rm000 Rm000 Rm000 Rm000 Rm000

cost

a 1 a 2008 5,892 26,875 26,704 2,767 6,679 236 69,153add - 791 4,023 545 702 - 6,06D - - (542) (44) (733) - (1,319)

w - - (311) (1,619) (40) - (1,970)

a 31 mch 2009 5,892 27,666 29,874 1,649 6,608 236 71,925add - 11 1,885 654 379 - 2,929D - - (136) (537) (261) - (934) w - - (314) (255) - -

a 31 Dcb 2009 5,892 27,677 31,309 1,511 6,726 236 73,351

Depreaton

a 1 a 2008 - 1,393 8,018 423 4,033 - 13,867Ch h y - 463 4,152 1,059 919 - 6,593D - - (260) (34) (492) - (786)

w - - (179) (411) (40) - (630)

a 31 mch 2009 - 1,856 11,731 1,037 4,420 - 19,044Ch h d - 290 2,564 258 418 - 3,530D - - (80) (205) (210) - (495)w - - (191) (122) - - (313)

a 31 Dcb 2009 - 2,146 14,024 968 4,628 - 21,766

imparment loss

a 1 a 2008/31 mch 2009/1 a 2009/31 Dcb 2009 - - - - - 221 221

carryng amounts a 31 mch 2009 5,892 25,810 18,143 612 2,188 15 52,660

a 31 Dcb 2009 5,892 25,557 17,285 543 2,098 15 51,364



59/108

. a . c .

57

3. PROPeRtY, Plant anD eQUiPment

sury

Bd c v rm6,472,000 (31.3.2009 rm6,571,000) cd c cd bk dcd n 18.

ld

t c , d cd d c :

GROUP

31.12.2009 31.3.2009Rm000 Rm000

m vhc 116 219cy, c q, d d v 535 1,866p d chy 1,123 1,617

4. PRePaiD lease PaYments

lhod dUxprd prod

or h 50 yrGROUP

31.12.2009 31.3.2009Rm000 Rm000

co

a 1 a 3,029 3,805D - (191)t hd - (585)

a 31 Dcb / 31 mch 3,029

aoro

a 1 a 286 330a h d/y 60 69D - (47)t hd - (66)

a 31 Dcb / 31 mch 346

crryg ou

a 31 Dcb / 31 mch 2,683 2,743


60/108


58

4. PRePaiD lease PaYments (cOntD)

ld

t d d d g c rm1,791,000 (31.3.2009 rm1,844,000) d c b v .

sury

ld d c v rm1,791,000 (31.3.2009 n) cd c cd bk dcd n 18.

5. inVestment PROPeRties

GROUP

31.12.2009 31.3.2009Rm000 Rm000

co

a 1 a 12,883 13,293t d (905) (410)

a 31 Dcb / 31 mc 11,978 12

Dpro

a 1 a 1,437 1,206C d/ 266 317

t d (166) (86)

a 31 Dcb / 31 mc 1,537 1

crryg ou

a 31 Dcb / 31 mc 10,441 11,446

icdd bv :

d d 703 1,023Bd 9,738 10,423

10,441 11,446

va 31 Dcb / 31 mc 10,930 12,207



61/108

. a . c .

59

5. inVestment PROPeRties (cOntD)

t cd c c v :

GROUP

31.12.2009 31.3.2009Rm000 Rm000

r c 302 248Dc x:- c v 10 11- -c v 1 10

ld t d d d g c rm522,000 (31.3.2009 rm522,000) d c b v .

eo o r vu

t v v d c bd bd Dc d d v c k cd d d.

sury

ld bd c v rm8,063,000 (31.3.2009 n) cd c cd bk dcd n 18.

6. inVestments in sUBsiDiaRies

cOmPanY

31.12.2009 31.3.2009Rm000 Rm000

ud , c 38,342 44,806l: ac d v v bd (2,000) (2,000)

36,342 42,806


62/108


60

6. inVestments in sUBsiDiaRies (cOntD)

t d bd :

ev owrhpn o ubdr Prp v r

31.12.2009 31.3.2009

KVC id s iv d d db 64% 80%sd. Bd. > d d, cc d

cc dc d dcc d c

p a sd. Bd. ld d c 80% 80% d b

tsa id sd. Bd. iv d d db d 100% 100% - d d d d dc

atis p sd. Bd. p d 100% 100%

ek t C D 51% -mk sd. Bd.

Subsidiaries of KVC Industrial Supplies Sdn. Bhd.

ac m d Dv s d db cc 64% 80%sd. Bd. > dc

aZ m (m) sd. Bd. > td cc, 58% 72%c d

Cb s (sea) p. Db d d, 45% 56%ld.*,&,> cc d cc dc d

d cc d c

C pc id td d vc d 64% 80%sd. Bd. > c

xd sd. Bd. > pv v-ddd d 64% 80%d c vc

geiC tc sd. Bd. > Db d 64% 80%cc c

KVC ecc C Db d d, 64% 80%

sd. Bd. > cc d cc dc d d cc d c



63/108

. a . c .

61


t d bd : (cd)


31.12.2009 31.3.2009

KVC id sd. Bd. > Db d d, 64% 80%cc d cc dc d d cc d c

KVC id s Db d d, 64% 80%(K) sd. Bd. > cc d cc dc d

d cc d c

KVC id s Db d d, 64% 80%(n.s.) sd. Bd. > cc d cc dc d

d cc d c

KVC id s Db d d, 64% 80%(pk) sd. Bd. > cc d cc dc d

d cc d c

KVC id s Db d d, 64% 80%(J) sd. Bd. > cc d cc dc d

d cc d c

KVC id s Db d d, 64% 80%(p) sd. Bd. > cc d cc dc d

d cc d c

KVC id s Db d d, 64% 80%(mk) sd. Bd. > cc d cc dc d

d cc d c

KVC i m Db d d, 64% 80%s sd. Bd. > cc d cc dc d

d cc d c

KVC Cc sd. Bd. > Db d d, 64% 80%cc d cc dc d

d cc d c

KVC m s e c, 64% 80%d e sd. Bd. > d d cv

l tc sc (m) Db d cc d 33% 41%sd. Bd. &,> cc dc d d

cc d c


64/108


62


t d bd : (cd)


31.12.2009 31.3.2009

pt J md Db cc d 38% 48%*,&,>, cc cc

r & r id pdc Db d d, 64% 80%(m) sd. Bd. > cc d cc dc d

d cc d c

KVC C & a Db d d, 64% 80%sd. Bd. > cc d cc dcd d ccd c

ad d e D 45% 56%sd. Bd. >,&

Subsidiary of Pressto Asia Sdn. Bhd.

p s p. ld. ld d c 48% 48%*,& d b

Subsidiaries of TSA Industries Sdn. Bhd.

m B sd. Bd. iv d d v 100% 99.9%

o Cc pc t C cd 100% 100%sd. Bd.

tsa id (s a) Db d - 100% 100%sd. Bd. d d

d dc

tsa id (i) Db d - 100% 100%sd. Bd. d d

d dc

tsa id Db d - 100% 100%(n sb) sd. Bd. d d

d dc

tsa id (mk) Db d - 100% 100%sd. Bd. d d

d dc



65/108

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63


t d bd : (cd)


31.12.2009 31.3.2009

tsa id (J) Db d - 100% 100%sd. Bd. d d

d dc

tsa id (p) Db d - 100% 100%sd. Bd. d d

d dc

tsa e m sd. Bd. Db d - 100% 100%( k d dtsa id (sb) d dcsd. Bd.

tsa a p sd. Bd. s d db b 100% 100%d

tsa id mdd e D 100% 100%Z-llC

tsa p mc mc d d d 100% 100%sd. Bd. dc

tsa svc C sd. Bd. pvd cc 100% 100% v ddd vc

Subsidiary of AZ Master (M) Sdn. Bhd.

aZ m i C. td d, cc d 58% 72%ld *,> cc dc d

d cc d c,v c ddc d vc

Subsidiary of AZ Master International Co. Limited

aZ m i td d, cc d 58% 72%(sz) p. ld. *,> cc dc d d

cc d c,v cd dc

Subsidiary of Cable Solutions (SEA) Pte. Ltd.

pt Cb s id Db cb d 40% -*,&,>,@ cc


66/108


64


a bd d bd cd m xc pt J md d ptCb s id c cd id, Cb s (sea) p. ld. d p sp. ld. c cd s, aZ m i C. ld c cd h K, aZ m i (sz) p. ld. c cd p rbc C d tsa idmdd e Z-llC c cd r a K, ud ab e.

* add b d mz.

@ sbd cdd bd dd c 31 Dcb 2009.

& a g d C v bd, b v c d c bd b v 64% d KVC ids sd. Bd. d 80% p a sd. Bd., d d c bd.C, g cd v bd.

> p dd d d . e bd v dcd ccd.

7. inVestments in assOciates

GROUP cOmPanY

31.12.2009 31.3.2009 31.12.2009 31.3.2009Rm000 Rm000 Rm000 Rm000

qd m, c 101,369 9,381 74,140 5,604ud m, c 4,500 3,500 4,500 3,500ud d m, c 242 109 - -s -c 4,093 2,597 - -

110,204 15,587 78,640 9,104

mk v d 31 Dcb / 31 mc 72,121 12,063 72,121 12,063

GROUP

31.12.2009 31.3.2009Rm000 Rm000

rd b:

g d 131,050 12,982(nv d)/gd (20,846) 2,605

110,204 15,587



67/108

. a . c .

65

7. inVestments in assOciates (cOntD)

t d c :

ev owrhpn o o Prp v r

31.12.2009 31.3.2009

ud p hd sd. Bd. iv d 20% 99.99%( k Khd sd. Bd.) *, ^

gc tc Bd # iv d d 39.9% 39.9%d d bd cd c d d vc , ccd, dv c

m gd Dv iv d 30.3% -Bd #

Associate of KVC Industrial Supplies Sdn. Bhd.

KVC id s Db d d, 31.4% 39.2%(td) C., ld. ^ cc d cc dc

d d ccd c

Associate of Cable Solutions (SEA) Pte. Ltd.

Cb s (td) td cc cb, , 21.9% -C., ld. ^ cc d cc dc

d d ccd c

a c cd m, xc KVC id s (td) C., ld. d Cb std C., ld., c cd td.

* a g d C v ud p hd sd.Bd. ( k K hd sd. Bd.) (uphsB) d c , d sbc a b j d b c

dd c d. i J 2009, uphsB d dd d c bcbd b d d g d C uphsB dcd 20%. a c g d C uphsB d c , gdd cd uphsB d d ccd c.

# t c gc tc Bd (gc) d m gd Dv Bd(m) c v c d 31 mc d 30 a cv c g. d cc, c gc dm d dd 31 Dcb 2009 v b d.

^ ac ccd bd c , c g.


68/108


66

7. inVestments in assOciates (cOntD)

ipr g o v o

Recoverable amount based on value in use

t cvb g v c dd bd v d.

w cb, c c 31 Dcb 2009, c f jc cd bd 10% v d. t, c f xd . t c f dcd cd dv c c g 9%.

Sensitivity to changes in assumptions

i v , cdd d v, c, bk c, c dd v c, d cd c v. m v b c bv xcd c c c xcd cvb .

t v dk v dcd c c d v c g c .

t d c c :

GROUP

31.12.2009 31.3.2009Rm000 Rm000

a d bt 683,201 46,505t b 314,898 15,432

Ru

rv 141,743 52,218p d/ 8,806 9,029

8. OtHeR inVestments

GROUP cOmPanY

31.12.2009 31.3.2009 31.12.2009 31.3.2009Rm000 Rm000 Rm000 Rm000

qd v m, c 29 15,029 - 15,000iv d ccb, c 7,485 - 7,485 -

7,514 15,029 7,485 15,000

mk v d v 29 9,329 - 9,300



69/108

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67

9. intanGiBle assets

GROUP

Goodw Frh toRm000 Rm000 Rm000

co

a 1 a 2008 14,061 478 14,539D bd (86) - (86)

a 31 mc 2009 13,975 478 14,453add - 77 77

a 31 Dcb 2009 13,975 555 14,530

aoro

a 1 a 2008 - 62 62a - 62 62

a 31 mc 2009 - 124 124a d - 51 51

a 31 Dcb 2009 - 175 175

ipr o

a 1 a 2008 260 - 260

i 868 - 868

a 31 mc 2009 / 1 a 2009 /31 Dcb 2009 1,128 - 1,128

crryg ou

a 31 mc 2009 12,847 354 13,201

a 31 Dcb 2009 12,847 380 13,227

ipr g or h-grg u og goodw

, d cd g dv c v g c d d .

t cvb c dv bd v cc. t cc -x c f jc bd c bd 2010 vd b . C f bd c 2010 xd d d b. t d xcd vc v d.


70/108


68

9. intanGiBle assets (cOntD)

V dd b dc c f d c d bd k :

Futurecashowswereprojectedbasedonexpectedoperatingcashowsforthenext9yearsoftherespectivecash .

Sales are expected togrowat 10% per annum.

Grossprot margin is expected to be constant.

Costo f capital i sassumeda t9%.

Cash expenses areexpected to increase at 8% perannum taking into accountinationrate.

t v d k d d c g d bd b x c d c (c d).

10. DeFeRReD taX assets anD liaBilities

Rogd drrd x d b

t cd dd x d b d v d /d :

Propry, Uborbd Uud Ohrp d p x porryqup ow o dr to

Group Rm000 Rm000 Rm000 Rm000 Rm000

Drrd x

a 1 a 2008 (486) - (230) (322) (1,038)rcd c 1,291 (520) (548) (48) 175

a 31 mc 2009 805 (520) (778) (370) (863)rcd c (805) 520 483 204 402

a 31 Dcb 2009 - - (295) (166) (461)

Drrd x b

a 1 a 2008 1,949 - - (271) 1,678rcd c (867) - - 32 (835)

a 31 mc 2009 1,082 - - (239) 843rcd c 200 - - 239 439

a 31 Dcb 2009 1,282 - - - 1,282

n dd x b/() 1,282 - (295) (166) 821



71/108

. a . c .

69

10. DeFeRReD taX assets anD liaBilities (cOntD)

Rogd drrd x d b (od)

Dd x b d bv cb c x c x b d dd x x .

Urogd drrd x

Dd x v b cd c :

GROUP

31.12.2009 31.3.2009Rm000 Rm000

ud x (7,467) (7,399)ubbd c c (5,535) (6,737)

(13,002) (14,136)

a 25% (3,250) (3,534)

t ddcb dc d x d c x . Dd x v bcd c bc bb xb b vb c g c b .

11. inVentORies

GROUP

31.12.2009 31.3.2009Rm000 Rm000

td v 79,612 56,665

t -d v b v d rm2,525,000 (31.3.2009 - rm6,554,000).


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70

12. ReceiVaBles, DePOsits anD PRePaYments

GROUP cOmPanY

31.12.2009 31.3.2009 31.12.2009 31.3.2009Rm000 Rm000 Rm000 Rm000

td cvb 183,684 159,618 - -l: ac db db (14,329) (13,853) - -

169,355 145,765 - -o cvb 4,383 2,042 - -D 1,114 1,965 3 3p 5,329 5,419 - -

180,181 155,191 3 3

icdd d cvb g rm5,512,000 (31.3.2009 rm5,235,000) d c c c Dc v .

t g bd db rm1,265,000 (31.3.2009 rm1,907,000) c db db.

icdd g c v rm3,373,000 (2008 rm5,076,000).

td cvb dd rm.

13. amOUnts DUe FROm sUBsiDiaRies

cOmPanY

31.12.2009 31.3.2009Rm000 Rm000

a d bd:

n-d 41,451 68,532l: ac db db (3,940) (3,940)

37,511 64,592

t d bd cd, d b dd.

i , c db db rm1,486,000 d bd.



73/108

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14. amOUnts DUe FROm assOciates

t d c c d bjc d .

15. assets classiFieD as HelD FOR sale

D c d, d d tsa id sd. Bd. (tsai), -d bd C, d cd d c tsai d d bd d . s d c d 9 Dcb 2009 d c d d b ld oc.

i , d d tsai, d cd d c tsai d d bd d . s d c d 5 J 2008 d4 J 2008 cv d c b cd d c d dd 31

Dcb 2009 d b ld oc.

a cd d : GROUP

no 31.12.2009 31.3.2009Rm000 Rm000

a fd hd or

p 739 843

no

p d c : GROUP

31.12.2009 31.3.2009no Rm000 Rm000

co

d d 5 711 287d bd 5 194 123ld d 4 - 585

auud dpro

d bd 5 (166) (86)ld d 4 - (66)

739 843


74/108


72

16. sHaRe caPital

GROUP d cOmPanYnubr o hr aou

31.12.2009 31.3.2009 31.12.2009 31.3.2009000 000 Rm000 Rm000

od rm0.50 c:

ad 200,000 200,000 100,000 100,000

id d d: a 1 a 159,868 158,793 79,934 7s xcd - 1,075 - 537

a 31 Dcb / 31 mc 159,868 159,868 79,934 79,934

t d d d cv dvdd dcd d d v C.

17. ReseRVes

GROUP cOmPanY

31.12.2009 31.3.2009 31.12.2009 31.3.2009Rm000 Rm000 Rm000 Rm000

n-dbb:t (16,832) (14,297) (16,832) (14,297)t v 272 (206) - -hd v (1,883) - - -

(18,443) (14,503) (16,832) (14,297)Dbb:

rd 192,071 140,168 88,296 60,504

173,628 125,665 71,464 46,207

() trury hrt d C, b c d d 25 sb2008, vd C c . t Dc C cd c v C d d bv c c b d b C d d.

D c d, C cd 2,506,400 d c k v c rm1.00 . t cd d rm2,535,270 cd c c rm10,193. t c c cd b d d. t cd d .



75/108

. a . c .

73

17. ReseRVes (cOntD)

() tro rrv

t v c cc dc c .

() Hdg rrv

t d v c cv cv c v c f d.

18. lOans anD BORROWinGs

GROUP

Yr o 31.12.2009 31.3.2009ury Rm000 Rm000

curr

Bk vd - cd 2010 1,126 1,480Bk ccc - cd 2010 48,014 11,513Cc - cd 2010 - 25,000c (n b) - cd 2010 577 1,240t c - cd 2010 - 407t (n ) - cd 2010 4,015 1,765

53,732 41,405

no-urrt (n ) - cd 2013 - 2014 21,235 8,882

- cd 2011 46,289 48,000c (n b) - cd 2011 - 2013 509 1,198

68,033 58,080

() tr lo

t cd :

GROUP

31.12.2009 31.3.2009Rm000 Rm000

w 1 4,015 1,7651 2 54,426 49,8472 3 6,905 2,0673 4 4,250 2,0684 5 1,943 2,069m 5 - 831

71,539 58,647


76/108


74

18. lOans anD BORROWinGs (cOntD)

sury

t g d b c C.

t g cd v c bd (n 3), d ( 4) d v (n 5) d b dd cd c d d, d d d bdd b bd c.

(b) F b

c b b :

------------------- 31.12.2009 ------------------- ------------------- 31.3.2009 -------------------Py ir Prp Py ir Prp

Rm000 Rm000 Rm000 Rm000 Rm000 Rm000

Group

l 641 (64) 577 1,388 (148) 1,240B d v 529 (20) 509 1,283 (85) 1,198

1,170 (84) 1,086 2,671 (233) 2,438

t c b bjc xd 2.85% 7.50% (31.3.2009 - 2.85% 7.50%) .

19. PaYaBles anD accRUals GROUP cOmPanY

31.12.2009 31.3.2009 31.12.2009 31.3.2009Rm000 Rm000 Rm000 Rm000

td b 57,408 34,836 - -o b 3,498 6,055 5 788acc 8,168 4,589 49 26

69,074 45,480 54 814

icdd d b g rm1,094,000 (31.3.2009 rm84,000) d c c c Dc v .

icdd b g cvd c c d rm495,240 (31.3.2009 rm534,000).

20. DeRiVatiVe Financial liaBilitY

t g d d cc cc b c usD13,371,000. tg d c f d cc dvv cdd b cv d. a v rm1,883,000 (31.3.2009 n) cdd d v.



77/108

. a . c .

75

21. emPlOYee BeneFits

shr-bd py

a xd d 19 b 2004, C d vd b esos b d excv Dc atis g bcb d x 10% d d d- c C d esos.

a xd d 7 b 2005, C d vd c x b d , c b cd xc esos, 10% 15% d d d- c C b , excv d n-excv Dc atis g. t esos d d 19 b 2009.

p esos b d, d cd ; b d b

c dv : nubr o coru

Gr d / ru opoy d 000 Vg odo opo

o d k 15,543 n v cd 5 d 20.2.2004 *

o d k 10,219 n v cd 4 d 9.6.2005 *

o d k 6,055 n v cd 1 d 4.2.2008

t 31,817

* t c d c rs 2, s-bd p v b d d cv d rs 2, s-bd p.

t b d d v xc c :

nubro opo

000

od 1 a 2008 20,478excd d (1,075)

ld d (19,403)

od 31 mc 2009 -

excb 31 mc 2009 -

1,074,700 xcd c . t d v c dd31 mc 2009 rm1.02. x esos 19 b 2009, v d d .


78/108


76

22. OPeRatinG PROFit

GROUP cOmPanY

1.4.2009 1.4.2008 1.4.2009 1.4.2008o o o o

31.12.2009 31.3.2009 31.12.2009 31.3.2009Rm000 Rm000 Rm000 Rm000

Oprg prof rrvd r hrgg:

ac d v v bd - - - 2,000

ac db db 2,740 2,537 - 3,940a b 51 62 - -

a d 60 69 - -ad - C d 231 338 22 21- o d 58 25 - -- o vc vdd b d C 7 8 7 8

Bd db 55 202 - -Dc v 266 317 - -Dc , d 3,530 6,593 - -c c d d b :

- Bk vd 72 80 - -- Bk ccc d c 339 1,948 - -- Cc 241 3,224 - -- c b 133 188 - -- o c 302 147 50 -- t 2,069 1,179 - 18

i d - 868 - -iv d 2,525 6,554 - -iv - 1,137 - -l xc

- d 72 279 - -- d 5 2 - -

l d , d - 32 - -l d d - 87 - -p x (cd k ):

- Cb epvd d 2,673 3,339 - -

- w, d 24,479 32,753 - -

p, d 256 1,340 - -r x c, c, d ccd 3,147 3,433 - -



79/108

. a . c .

77

22. OPeRatinG PROFit (cOntD)

GROUP cOmPanY

1.4.2009 1.4.2008 1.4.2009 1.4.2008o o o o

31.12.2009 31.3.2009 31.12.2009 31.3.2009Rm000 Rm000 Rm000 Rm000

d r rdg:

Dvdd c :- c - - - 965- bd - - 8,533 54,100

g d d - 101 - -

g d , d 185 - - -g xc- d 55 462 - -

i c cvd d cvb :- c - 13 - -- d 239 773 21 86- bd - - 62 -

iv bck 1,557 139 - -r c v 302 248 - -rv c db db 906 595 - -

23. KeY manaGemnt PeRsOnnel cOmPensatiOn

t k c :

GROUP cOmPanY

1.4.2009 1.4.2008 1.4.2009 1.4.2008o o o o

31.12.2009 31.3.2009 31.12.2009 31.3.2009Rm000 Rm000 Rm000 Rm000

Dc - 108 85 85 70- 1,065 973 - -

o b

(cd d v b--kd) 27 26 - -

t b 1,200 1,084 85 70


80/108


78

24. taX eXPenses

GROUP cOmPanY

1.4.2009 1.4.2008 1.4.2009 1.4.2008o o o o

31.12.2009 31.3.2009 31.12.2009 31.3.2009Rm000 Rm000 Rm000 Rm000

curr x xp

Malaysian

- c d/ 5,168 4,760 2,109 13,511- (v)/d v (208) (370) 3 -

4,960 4,390 2,112 13,511 Overseas

- c d/ 382 709 - -

t c x 5,342 5,099 2,112 13,511

Drrd x xp

- c d/ 328 (1,593) - -- d v 513 933 - -

t dd x 841 (660) - -

t x x 6,183 4,439 2,112 13,511 Roo o x xp

p b x 60,385 36,973 29,904 73,956

tx m x 25% 15,096 9,243 7,476 18,489ec d x jdc 82 (126) - -n-ddcb x 1,142 1,779 84 2,104n-xb c (10,158) (7,294) (5,451) (7,082)ec dd x cd (248) 274 - -u v cd dd x (36) - - -

5,878 3,876 2,109 13,511

ud v 305 563 3 -

t x x 6,183 4,439 2,112 13,511

* i m Bd 2009, cd c 2009, x c d- c rm2.5 d b 50% d- c c d c dc dc d b d c c d- d c xcd rm2.5 .



81/108

. a . c .

79

24. taX eXPense (cOntD)

Section 108 tax credit

sbjc b id rv Bd, C sc 108 x cd d x x c k d 31 Dcb 2009 d dvdd.

t c ac 2007 dcd c c x c 2008. ac, sc 108 x cd 31 Dcb 2007 b vb C c cd d x x- d 31 Dcb 2013, cv .

25. eaRninGs PeR ORDinaRY sHaRe

B rg pr ordry hr

t cc bc d 31 Dcb 2009 bd bb dd d d v b d d ccd :

GROUP

31.12.2009 31.3.2009Rm000 Rm000

p d/ bb d 51,903 30,179

wd v b d

31.12.2009 31.3.2009000 000

id d 1 a 159,868 158,793ec d d xc - 580ec d (13,090) (6,208)

wd v b d 31 Dcb / 31 mc 146,778 153,165

Dud rg pr ordry hr

Dd d c dcd d d d b Dc d C esos dv c xc c bv v k v C . t esos d d 19 b 2009.

26. RelateD PaRties

c , cdd b d g C g C b, dc dc, c xc c fc v k c d dc, vc v, g C d bjc c c c c fc. rd b dvd .

K dd v d b , dc dc cv g dc dc. t k cd Dc g.


82/108


80

26. RelateD PaRties (cOntD)

t c d c g d C, k c, :

tro vu B oudgprod/yr dd

Group 31.12.2009 31.3.2009 31.12.20

atis-annualreport2009 (2.6mb)

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