Jil. LXVIII] [No. 25KOTA KINABALU, KHAMIS, 27 JUN 2013
Kenyataan-kenyataan berikut adalah diterbitkan atas perintah Tuan YangTerutama Yang di-Pertua Negeri untuk Makluman Umum.
TAN SRI DATUK SERI PANGLIMA HAJI SUKARTI BIN WAKIMAN,Setiausaha Kerajaan Negeri.
SABAH, MALAYSIA
Warta KerajaanDiterbitkan dengan kuasa
No. 537 [No. JKM.PHB. 600-2/5/36 (38)
KORRIGENDUM
Dalam Pemberitahuan Warta No. 266/2013 yang disiarkan dalam Warta Kerajaan pada18 April 2013 dan diulangi pada 25 April 2013, potongkan nama-nama “Buyung bin Bood@ Lahap”, “Buyung bin Kong Kong”, “Awot bin Abu Bakar”, “Hashim bin Asgari”, dan“Datu Mohd. Kamalul bin Datu Basarudin”, masing-masing dalam ruang “pemilik” bil. 43,44, 59, 60 dan 61 dan gantikan padanya dengan nama-nama yang berikut - “Buyong binBood @ Lahap”, “Buyong bin Kong Kong”, “Iefah Syazmani binti Rasmah”, “Faradhilahbinti Ramsah” dan “Norfaddlina binti Ramsah”.
[No. JKM.PHB. 600-2/5/36 (38)
CORRIGENDUM
In Gazette Notification No. 266/2013, published in the Government Gazette dated 18thApril, 2013 and repeated on 25th April, 2013, delete the names “Buyung bin Bood @Lahap”, “Buyung bin Kong Kong”, “Awot bin Abu Bakar”, “Hashim bin Asgari”, and“Datu Mohd. Kamalul bin Datu Basarudin”, appearing under the column “Owner(s)” initem No. 43, 44, 59, 60 and 61 respectively and substitute thereof with the following -“Buyong bin Bood @ Lahap”, “Buyong bin Kong Kong”, “Iefah Syazmani binti Rasmah”,“Faradhilah binti Ramsah” and “Norfaddlina binti Ramsah”.
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,368
No. 538 [No. KKT&P: 400-14/2 Jld. 5
SIJIL KETUA AUDIT NEGARA MENGENAI PENYATA KEWANGANLEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR
BAGI TAHUN BERAKHIR 31 DISEMBER 2010
Penyata Kewangan Lembaga Pembangunan Perumahan dan Bandar dan Kumpulanbagi tahun berakhir 31 Disember 2010 telah diaudit oleh wakil saya. Pihak pengurusanbertanggungjawab terhadap Penyata Kewangan ini. Tanggungjawab saya adalah mengauditdan memberi pendapat terhadap Penyata Kewangan tersebut.
2. Pengauditan telah dilaksanakan mengikut Akta Audit 1957 dan berpandukan piawaianpengauditan yang diluluskan. Piawaian tersebut menghendaki pengauditan dirancang dandilaksanakan untuk mendapat kepastian yang munasabah sama ada Penyata Kewanganadalah bebas daripada kesilapan atau ketinggalan yang ketara. Pengauditan itu termasukmemeriksa rekod secara semak uji, menyemak bukti yang menyokong angka dan memastikanpendedahan yang mencukupi dalam Penyata Kewangan. Penilaian juga dibuat terhadapprinsip perakaunan yang digunakan, unjuran signifikan oleh pengurusan dan persembahanPenyata Kewangan secara keseluruhan. Saya percaya pengauditan yang dilaksanakanmemberi asas yang munasabah terhadap pendapat saya.
3. Kecuali apa yang dinyatakan dalam Laporan Ketua Audit Negara, pada pendapat sayaPenyata Kewangan ini memberi gambaran yang benar dan saksama terhadap kedudukankewangan Lembaga Pembangunan Perumahan dan Bandar dan Kumpulan pada 31 Disember2010, hasil operasi dan aliran tunainya untuk tahun tersebut berdasarkan piawaian perakaunanyang diluluskan.
4. Saya telah mempertimbangkan Penyata Kewangan dan Laporan Juruaudit bagi semuasubsidiari yang tidak diaudit oleh saya seperti yang dinyatakan dalam nota kepada PenyataKewangan berkenaan yang disatukan dengan Penyata Kewangan Lembaga PembangunanPerumahan dan Bandar adalah dalam bentuk dan kandungan yang sesuai dan wajar bagitujuan penyediaan Penyata Kewangan Disatukan. Saya juga telah menerima maklumat danpenjelasan yang memuaskan sebagaimana yang dikehendaki bagi tujuan tersebut.
5. Kecuali seperti yang dinyatakan dalam Laporan Ketua Audit Negara, Laporan Juruauditmengenai Penyata Kewangan subsidiari lain tidak mengandungi sebarang pemerhatian yangboleh menjejaskan Penyata Kewangan Disatukan.
PATIMAH BINTI RAMUJI,b.p. Ketua Audit Negara,
Malaysia.
Kota Kinabalu.
Bertarikh: 18 Ogos 2011.
WARTA KERAJAAN NEGERI SABAH 1,36927 Jun 2013
LAPORAN KETUA AUDIT NEGARA MENGENAI PENYATA KEWANGANLEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR
BAGI TAHUN BERAKHIR 31 DISEMBER 2010
Laporan Ketua Audit Negara ini hendaklah dibaca bersama-sama dengan Sijil Ketua AuditNegara bagi menyokong pendapat Audit terhadap Penyata Kewangan tersebut.
2. Pemerhatian Audit terhadap Penyata Kewangan adalah seperti berikut:
2.1 Penyata Kewangan Tidak Disatukan Dengan Lengkap
Lembaga mempunyai tiga syarikat subsidiari tetapi Lembaga hanya menyediakanPenyata Kewangan Kumpulan yang menyatukan Penyata Kewangan Lembagadengan Penyata Kewangan dua subsidiarinya. Manakala Penyata Kewangan KualaMenggatal Development Corporation Sdn. Bhd. tidak disatukan dengan PenyataKewangan Lembaga. Tindakan ini adalah tidak mematuhi piawaian perakaunanyang diluluskan iaitu Lembaga Piawaian Perakaunan Malaysia (MASB) 11mengenai Penyata Kewangan Disatukan dan Pelaburan Dalam Subsidiari.
2.2 Laporan Juruaudit Terhadap Penyata Kewangan Syarikat Subsidiari
Laporan Juruaudit ke atas Penyata Kewangan syarikat subsidiari yangmengandungi teguran adalah seperti berikut:
(a) Superpanel (Sabah) Sdn. Bhd.
Merujuk kepada Nota 3 di Penyata Kewangan pada tahun 2010, syarikat telahmempunyai lebihan liabiliti atas nilai asetnya sebanyak RM471,650 dan terdapatpengurangan di dana pemegang saham berjumlah RM685,915. PenyataKewangan syarikat telah disediakan mengikut asas berterusan. Kesinambunganoperasi syarikat adalah bergantung kepada sumbangan kewangan yang diterimadaripada lembaga pengarah, para pemiutang, perbankan dan kebolehan menjanakeuntungan di masa akan datang.
3. Langkah-langkah pembetulan yang sewajarnya hendaklah diambil oleh pihakpengurusan Lembaga Pembangunan Perumahan dan Bandar untuk meningkatkan lagiakauntabiliti awam.
PATIMAH BINTI RAMUJI,b.p. Ketua Audit Negara,
Malaysia.
Kota Kinabalu.
Bertarikh: 18 Ogos 2011.
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,370
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
STATEMENT BY THE CHAIRMAN AND GENERAL MANAGER
In our opinion, the financial statements set out on pages 1,372 to 1,390 are drawnup so as to give a true and fair view of the state of affairs of the Authority at 31stDecember, 2010 and of the results of its operations and cash flows for the year endedon that date.
On behalf of the Board,
YB DATUK RUBIN BALANG
(Chairman)
HAJJAH ROSNANI BINTI ASMAT
(Deputy General Manager)
Kota Kinabalu.
WARTA KERAJAAN NEGERI SABAH 1,37127 Jun 2013
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
STATUTORY DECLARATION
I, CHIN SU ME, the officer primarily responsible for the financial management of LembagaPembangunan Perumahan dan Bandar (Housing and Town Development Authority),do solemnly and sincerely declare that the financial statements set out on pages 1,372 to1,390 are, to the best of my knowledge and belief, correct, and I make this solemndeclaration conscientiously believing the same to be true and by virtue of the provisionsof the Statutory Declarations Act, 1960.
Subscribed and solemnly declared bythe abovenamed CHIN SU ME at }Kota Kinabalu in the State of Sabah CHIN SU ME
on 7th June, 2011.
Before me,
DATUK CLAUDIUS ROMAN, J.P.,Pesuruhjaya Sumpah,
Malaysia.
Kota Kinabalu.
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,372
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
BALANCE SHEET AT 31ST DECEMBER, 2010
Note 2010 2009RM RM
PROPERTY, PLANT AND EQUIPMENT 3 16,016,209 15,457,090INVESTMENTS IN SUBSIDIARIES ... 4 7,417,689 7,417,689HOUSING DEBTORS ... ... ... 5 25,780,063 26,087,398
49,213,961 48,962,177
CURRENT ASSETS
Housing debtors ... ... ... 5 9,997,883 13,647,092Inventories of unsold houses ... 6 28,059,166 30,127,637Development properties ... ... 17,760,423 17,729,085Other receivables, deposits and
prepayments ... ... ... ... 7 12,410,612 17,968,590Amount due from subsidiaries ... 8 8,935,769 8,449,272Fixed deposits ... ... ... 9 57,446,509 39,428,972Cash and bank balances ... ... 12,780,943 10,081,116
147,391,305 137,431,764
CURRENT LIABILITIES
Trade payables ... ... ... 10 5,801,491 8,349,581Other payables and accruals ... 48,109,335 40,081,521Provision ... ... ... ... 11 3,577,387 4,412,764Housing deposits ... ... ... 2,013,973 1,482,098State Government loans ... ... 12 17,868,886 17,251,204Federal Government loans ... ... 13 18,571,344 19,566,679Government trust funds ... ... 14 9,116,452 9,440,907
105,058,868 100,584,754
NET CURRENT ASSETS ... ... 42,332,437 36,847,010
91,546,398 85,809,187
WARTA KERAJAAN NEGERI SABAH 1,37327 Jun 2013
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
BALANCE SHEET AT 31ST DECEMBER, 2010 - (cont.)
Note 2010 2009RM RM
FINANCED BY:
ACCUMULATED FUNDS ... ... 58,985,311 49,431,462
LONG TERM AND DEFERRED
LIABILITIES
State Government loans ... ... 12 18,418,787 18,822,925Federal Government loans ... ... 13 14,142,300 17,554,800
32,561,087 36,377,725
91,546,398 85,809,187
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,374
REVENUE ... ... ... ... ... 15 22,483,547 13,623,006
Cost of sales ... ... ... ... - -
GROSS PROFIT ... ... ... ... 22,483,547 13,623,006
Other operating income ... ... 10,576,448 8,119,265
Administrative expenses ... ... (23,870,661) (18,589,737)
OPERATING PROFIT ... ... ... 16 9,189,334 3,152,534
Interest income... ... ... ... 1,600,552 1,615,755Interest expense ... ... ... (1,178,414) (1,226,284)
PROFIT BEFORE TAXATION ... ... 9,611,472 3,542,005
Tax expense ... ... ... ... 17 (57,623) (25,672)
NET PROFIT OF THE YEAR ... ... 9,553,849 3,516,333
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED
31ST DECEMBER, 2010
Accumulated funds
RM
At 1st January, 2009 ... ... ... ... ... 45,915,129
Net profit for the year ... ... ... ... ... 3,516,333
At 31st December, 2009... ... ... ... ... 49,431,462
Net profit for the year ... ... ... ... ... 9,553,849
At 31st December, 2010... ... ... ... ... 58,985,311
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
INCOME STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2010
Note 2010 2009RM RM
WARTA KERAJAAN NEGERI SABAH 1,37527 Jun 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before taxation ... ... ... ... ... 9,611,472 3,542,005Adjustments for:
Allowance for diminution in value ... ... - 2,379,817Depreciation ... ... ... ... ... ... 1,462,264 947,807Gain on disposal of property, plant and
equipment ... ... ... ... ... ... (168) (79,704)Interest expense ... ... ... ... ... 1,178,414 1,226,284Interest income ... ... ... ... ... (1,600,552) (1,615,755)
Government loan converted to grant ... ... (5,312,187) (2,289,568)
Operating profit before working capital changes 5,339,243 4,110,886
(Increase)/Decrease in working capital:Housing debtors ... ... ... ... ... 3,956,544 7,602,341Inventories of unsold houses ... ... ... 2,068,471 2,602,375Development properties ... ... ... ... 1,282,502 (4,113,357)Trade and other receivables ... ... ... 5,557,978 1,280,380Amount due from subsidiaries ... ... ... (486,497) (1,229,419)Trade and other payables ... ... ... ... 4,962,677 3,703,672
Cash generated from operations ... ... ... 22,680,918 13,956,878
Interest paid ... ... ... ... ... ... (60,518) (74,286)Income tax paid ... ... ... ... ... (57,623) (25,672)
N E T C A S H G E N E R A T E D F R O M OPERATINGACTIVITIES ... ... ... ... ... ... 22,562,777 13,856,920
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received ... ... ... ... ... 1,600,552 1,615,755Proceeds from disposal of property, plant and
equipment ... ... ... ... ... ... 200 79,706Purchase of property, plant and equipment ... (3,335,254) (2,708,435)
CASH USED IN INVESTING ACTIVITIES ... ... (1,734,502) (1,012,974)
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
CASH FLOW STATEMENTS FOR THE YEAR ENDED
31ST DECEMBER, 2010
2010 2009RM RM
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,376
CASH FLOWS FROM FINANCING ACTIVITIES
Drawdown of State Government loans... ... 213,544 5,386,334Drawdown of Government trust funds ... ... - 155,181Repayment of Government trust funds... ... (324,455) -
CASH (USED IN)/GENERATED FROM FINANCINGACTIVITIES ... ... ... ... ... ... (110,911) 5,541,515
NET INCREASE IN CASH AND CASH EQUIVALENTS 20,717,364 18,385,461
C A S H A N D C A S H E Q U I V A L E N T S A TBEGINNING OF THE YEAR ... ... ... 43,510,088 25,124,627
CASH AND CASH EQUIVALENTS AT END OFTHE YEAR ... ... ... ... ... ... 64,227,452 43,510,088
CASH AND CASH EQUIVALENTS COMPRISE:Cash and bank balances ... ... ... ... 12,780,943 10,081,116
Fixed deposits ... ... ... ... ... 57,446,509 39,428,972
Less: Deposits pledged ... ... ... ... (6,000,000) (6,000,000)
64,227,452 43,510,088
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
CASH FLOW STATEMENTS FOR THE YEAR ENDED
31ST DECEMBER, 2010 - (cont.)
2010 2009RM RM
WARTA KERAJAAN NEGERI SABAH 1,37727 Jun 2013
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2010
1. PRINCIPAL ACTIVITIES
The Authority is a State-owned agency and is governed by the Housing and TownDevelopment Authority Enactment, 1981. The principal activities of the Authority areto develop low cost housing and township projects. There has been no significant changein the nature of these activities during the financial year.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following accounting policies are adopted by the Authority and are consistent withthose adopted in the previous years.
(a) Basis of accounting
The financial statements of the Authority are prepared on the historical costbasis and in compliance with applicable approved accounting standards inMalaysia.
(b) Property, plant and equipment
Property, plant and equipment are stated at cost or valuation less accumulateddepreciation and impairment losses, if any.
(c) Depreciation
The straight line method is used to write-off the cost of the following assets overthe term of their estimated useful lives at the following principal annual rates:
Long term leasehold land over 50 yearsBuildings 2%Motor vehicles 20%Office furniture, fittings and equipment 10% - 20%Renovation 10%Computer Software 20%
(d) Impairment
The carrying amounts of the Authority’s assets, other than inventories andfinancial assets (other than investments in subsidiaries), are reviewed at eachbalance sheet date to determine whether there is any indication of impairment. Ifany such indication exists, the asset’s recoverable amount is estimated. Animpairment loss is recognised whenever the carrying amount of an asset or thecash-generating unit to which it belongs exceeds its recoverable amount.Impairment losses are recognised in the income statement, unless the asset iscarried at a revalued amount, in which case the impairment loss is charged toequity.
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,378
The recoverable amount is the greater of the asset’s net selling price and itsvalue in use. In assessing value in use, estimated future cash flows are discountedto their present value using a pre-tax discount rate that reflects current marketassessments of the time value of money and the risks specific to the asset. For anasset that does not generate largely independent cash inflows, the recoverableamount is determined for the cash-generating unit to which the asset belongs.
An impairment loss in respect of goodwill is not reversed unless the loss wascaused by a specific external event of an exceptional nature that is not expected torecur and subsequent external events have occurred that reverse the effect of thatevent.
In respect of other assets, an impairment loss is reversed if there has been a changein the estimates used to determine the recoverable amount.
An impairment loss is reversed only to the extent that the asset’s carrying amountdoes not exceed the carrying amount that would have been determined, netof depreciation or amortisation, if no impairment loss had been recognised. Thereversal is recognised in the income statement, unless it reverses an impairmentloss on a revalued asset, in which case it is taken to equity.
(e) Development properties
Land and development expenditure whereby significant development work hasbeen undertaken and is expected to be completed within the normal operatingcycle are classified as development properties. Development properties arestated at cost plus attributable profits less foreseeable losses, net of progressbillings. Cost includes cost of land, all direct building cost, and other relateddevelopment expenditure incurred during the period of development.
(f) Inventories of unsold houses
Inventories of unsold houses are stated at the lower of cost and net realisablevalue. Costs include apportioned land cost and development expenditureincurred.
(g) Revenue
(i) Property development
Profit from property development is recognised using the percentageof completion method. Where foreseeable losses are anticipated, fullprovision for these losses is made in the financial statements.
(ii) Developed properties
Profit on developed properties is recognised when transfer of risks andrewards has been completed.
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2010 - (cont.)
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (cont.)
WARTA KERAJAAN NEGERI SABAH 1,37927 Jun 2013
(iii) Privatised projects
Profit on privatised projects is recognised on an accrual basis based onstipulated fixed schedule.
(iv) Rental income
Rental income is recognised on an accrual basis.
(v) Interest income
Interest income is recognised in the income statement as it accrues, takinginto account the effective yield on the asset.
(vi) Dividend income
Dividend income is recognised when the right to receive payment isestablished.
(h) Interest on borrowings
Interest on borrowings is charged against income and no part of the interest istreated as an inherent part of the total cost of property development.
(i) Provisions
A provision is recognised when it is probable that an outflow of resourcesembodying economic benefits will be required to settle a present obligation (legalor constructive) as a result of a past event and a reliable estimate can be made of theamount.
(i) Provision for repairs and maintenance on completed projects
Provision for repairs and maintenance is made at 5% of cost for low costhousing projects and 3% for all other projects upon their completion.
(j) Employee benefits
(i) Short term benefits
Wages, salaries, paid leave and sick leave, bonus and non-monetarybenefits are recognised in the year in which associated services are renderedby employees of the Authority.
(ii) Defined contribution plans
Obligations for contributions to defined contribution plans are recognisedas an expense in the income statement as incurred. Other retirement benefitsare charged against income as and when paid.
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2010 - (cont.)
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (cont.)
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,380
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2010 - (cont.)
(k) Government trust funds
Grants and Trust Funds received from the Federal and State Governments for thedevelopment of specific projects are utilised to meet the cost of developingthose projects. At the completion of the project, any excess Trust Fund isrefundable to the respective governments, while shortfalls are to be recoveredand shown as a debit balance in the respective fund.
(l) Investments
Long term investments in subsidiaries are stated at cost in the Authority, lessimpairment loss where applicable.
(m) Taxation
Tax on the profit or loss for the year comprises current and deferred tax. Incometax is recognised in the income statement except to the extent that it relates to itemsrecognised directly in equity, in which case it is recognised in equity.
Current tax expense is the expected tax payable on the taxable income for the year,using tax rates enacted or substantially enacted at the balance sheet date, and anyadjustment to tax payable in respect of previous years.
Deferred tax is provided, using the liability method, on temporary differencesarising between the tax bases of assets and liabilities and their carrying amounts inthe financial statements. The amount of deferred tax provided is based on theexpected manner of realisation or settlement of the carrying amount of assets andliabilities, using tax rates enacted or substantially enacted at the balance sheet date.
A deferred tax asset is recognised only to the extent that it is probable that futuretaxable profits will be available against which the asset can be utilised.
(n) Cash and cash equivalents
Cash and cash equivalents consist of cash on hand, balances and deposits withbanks. For the purpose of the cash flow statement, cash and cash equivalents arepresented net of bank overdrafts and pledged deposits.
(o) Receivables
Receivables are carried at anticipated realisable value. Bad debts are duly writtenoff. An estimate is made for doubtful debts based on a review of all outstandingamounts at the year end.
(p) Payables
Payables are stated at cost which is the fair value of the consideration to be paid inthe future for goods and services rendered.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (cont.)
WARTA KERAJAAN NEGERI SABAH 1,38127 Jun 2013
Cos
tA
t 1st
Jan
uary
, 201
0...
......
6,52
1,31
110
,379
,522
2,47
3,71
03,
151,
886
22,5
26,4
29A
dditi
ons
......
......
...1,
500
58,7
862,
176,
095
1,09
8,87
33,
335,
254
Tra
nsfe
rs...
......
......
(1,5
27,6
38)
--
-(1
,527
,638
)D
ispo
sals
......
......
...-
--
(19,
630)
(19,
630)
At 3
1st D
ecem
ber,
2010
......
...4,
995,
173
10,4
38,3
084,
649,
805
4,23
1,12
924
,314
,415
Dep
reci
atio
nA
t 1st
Jan
uary
, 201
0...
......
506,
237
2,82
6,46
91,
400,
565
2,33
6,06
87,
069,
339
Cha
rge
for
the
year
......
...13
0,45
620
8,76
680
0,81
132
2,23
11,
462,
264
Tra
nsfe
rs...
......
......
(213
,799
)-
--
(213
,799
)D
ispo
sals
......
......
...-
--
(19,
598)
(19,
598)
At 3
1st D
ecem
ber,
2010
......
...42
2,89
43,
035,
235
2,20
1,37
62,
638,
701
8,29
8,20
6
Net
Boo
k V
alue
At 3
1st D
ecem
ber,
2010
......
...4,
572,
279
7,40
3,07
32,
448,
429
1,59
2,42
816
,016
,209
At 3
1st D
ecem
ber,
2009
......
...6,
015,
074
7,55
3,05
31,
073,
145
815,
818
15,4
57,0
90
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent A
utho
rity
)
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31S
T D
EC
EM
BE
R, 2
010
- (co
nt.)
3. P
RO
PER
TY
, PL
AN
T A
ND
EQ
UIP
ME
NT
Lon
g te
rmle
aseh
old
land
Mot
orve
hicl
esT
otal
Off
ice
furn
itur
e,fi
ttin
gs a
ndeq
uipm
ent,
and
reno
vati
on
Bui
ldin
gs
RM
RM
RM
RM
RM
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,382
Dep
reci
atio
n ch
arge
for
the
year
end
ed31
st D
ecem
ber,
2009
......
...13
0,42
620
7,59
140
1,00
920
8,78
194
7,80
7
(a)
Titl
e to
cer
tain
bui
ldin
gs o
f the
Aut
hori
ty w
ith c
ost o
f RM
8,84
1,23
0 (2
009:
RM
8,84
1,23
0) h
as y
et to
be
issu
ed.
(b)
Cer
tain
long
term
leas
ehol
d la
nd o
f the
Aut
hori
ty a
re c
harg
ed to
fina
ncia
l ins
titut
ion
as s
ecur
ities
for b
anki
ng fa
cilit
ies
gran
ted
toco
ntra
ctor
s co
stin
g R
M N
il (2
009:
RM
48,1
34).
4.I N
VE
STM
EN
TS
IN S
UB
SID
IAR
IES
2010
2009
RM
RM
Unq
uote
d sh
ares
at c
ost
......
......
......
......
......
10,0
06,0
3010
,006
,030
Les
s: A
llow
ance
for d
imin
utio
n in
val
ue...
......
......
......
...(2
,588
,341
)(2
,588
,341
)
RM
7,41
7,68
9R
M7,
417,
689
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent A
utho
rity
)
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31S
T D
EC
EM
BE
R, 2
010
- (co
nt.)
3.P R
OPE
RT
Y, P
LA
NT
AN
D E
QU
IPM
EN
T -
(con
t.)L
ong
term
leas
ehol
dla
ndM
otor
vehi
cles
Tot
alB
uild
ings
RM
RM
RM
RM
RM
Off
ice
furn
itur
e,fi
ttin
gs a
ndeq
uipm
ent,
and
reno
vati
on
WARTA KERAJAAN NEGERI SABAH 1,38327 Jun 2013
The
pri
ncip
al a
ctiv
ities
of
the
subs
idia
ries
, the
ir p
lace
s of
inco
rpor
atio
n an
d th
e in
tere
st o
f L
emba
ga P
emba
ngun
an P
erum
ahan
dan
Ban
dar a
re a
s fo
llow
:
Eff
ecti
veC
ount
ry o
fO
wne
rshi
pN
ame
of C
ompa
nyP
rinc
ipal
Act
ivit
ies
Inco
rpor
atio
nIn
tere
sts
2010
2009
%%
Kua
la M
engg
atal
Prop
erty
Dev
elop
men
tM
alay
sia
9595
Dev
elop
men
tC
orpo
ratio
n Sd
n. B
hd.
Supe
rnes
a Sd
n. B
hd.
Con
stru
ctio
n w
ork
unde
r co
ntra
ct a
ndM
alay
sia
100
100
prop
erty
dev
elop
men
t
Supe
rpan
el (
Saba
h) S
dn. B
hd.
Hol
ding
of
prop
erti
es f
or r
enta
l,M
alay
sia
100
100
pro
vis
ion
of
con
trac
t w
orks
and
rela
ted
serv
ices
and
insu
ranc
e ag
ency
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent
Aut
hori
ty)
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31S
T D
EC
EM
BE
R, 2
010
- (co
nt.)
4.I N
VE
STM
EN
TS
IN S
UB
SID
IAR
IES
- (co
nt.)
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,384
5.H
OU
SIN
G D
EB
TO
RS
2010
2009
Non
-Cur
rent
RM
RM
Low
cos
t hou
sing
......
......
......
......
......
......
6,57
3,55
54,
680,
565
Low
cos
t sho
phou
ses
......
......
......
......
......
...1,
862,
805
1,87
1,64
8C
omm
erci
al h
ousi
ng...
......
......
......
......
......
10,2
28,3
5410
,837
,627
Com
mer
cial
sho
phou
ses
......
......
......
......
......
1,76
8,33
82,
508,
691
Con
dom
iniu
m f
lats
......
......
......
......
......
...5,
347,
011
6,18
8,86
7
25,7
80,0
6326
,087
,398
Cur
rent
Low
cos
t hou
sing
......
......
......
......
......
......
9,99
7,88
313
,647
,092
RM
35,7
77,9
46R
M39
,734
,490
6.I N
VE
NT
OR
IES
OF
UN
SOL
D H
OU
SES
Inve
ntor
ies
of u
nsol
d ho
uses
of
RM
12,0
51,5
00 (
2009
: RM
12,5
59,1
00)
are
carr
ied
at n
et r
ealis
able
val
ue.
7.O
TH
ER
RE
CE
IVA
BL
ES,
DE
POSI
TS
AN
D P
RE
PAY
ME
NT
S
Oth
er re
ceiv
able
s, d
epos
its a
nd p
repa
ymen
ts...
......
......
......
20,7
76,9
2326
,334
,901
Les
s: A
llow
ance
for d
oubt
ful d
ebts
......
......
......
......
...(8
,366
,311
)(8
,366
,311
)
RM
12,4
10,6
12R
M17
,968
,590
Incl
uded
in
othe
r re
ceiv
able
s, d
epos
its a
nd p
repa
ymen
ts o
f th
e A
utho
rity
are
loa
ns t
o em
ploy
ees
amou
ntin
g to
RM
23,2
67 (
2009
:R
M31
,349
).
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent
Aut
hori
ty)
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31S
T D
EC
EM
BE
R, 2
010
- (co
nt.)
WARTA KERAJAAN NEGERI SABAH 1,38527 Jun 2013
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent
Aut
hori
ty)
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31S
T D
EC
EM
BE
R, 2
010
- (co
nt.)
8.A
MO
UN
T D
UE F
RO
M S
UB
SID
IAR
IES
The
am
ount
due
from
sub
sidi
arie
s is
uns
ecur
ed, i
nter
est f
ree
and
repa
yabl
e on
dem
and.
9.F I
XE
D D
EPO
SIT
S20
1020
09R
MR
M
Dep
osits
are
pla
ced
with
Lic
ense
d ba
nks.
.....
......
......
......
57,4
46,5
0939
,428
,972
Incl
uded
in th
e fi
xed
depo
sits
is a
n am
ount
of
RM
6,00
0,00
0 (2
009:
RM
6,00
0,00
0) o
f th
e A
utho
rity
hel
d on
lien
by
a lic
ense
d ba
nkfo
r the
ove
rdra
ft fa
cilit
ies
of th
e A
utho
rity
.
10.
TR
AD
E P
AY
AB
LE
S
Incl
uded
in tr
ade
paya
bles
of t
he A
utho
rity
is re
tent
ion
sum
of R
M4,
700,
983
(200
9: R
M6,
696,
305)
.
11.
P RO
VIS
ION
Rep
air
and
mai
nten
ance
RM
Bal
ance
at 1
st J
anua
ry, 2
010
......
......
......
......
......
......
...4,
412,
764
Prov
isio
n m
ade
duri
ng th
e ye
ar...
......
......
......
......
......
......
206,
375
Prov
isio
n us
ed d
urin
g th
e ye
ar...
......
......
......
......
......
......
(166
,722
)Pr
ovis
ion
reve
rsed
dur
ing
the
year
......
......
......
......
......
......
...(8
75,0
30)
Bal
ance
at 3
1st D
ecem
ber,
2010
......
......
......
......
......
......
...R
M3,
577,
387
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,386
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent
Aut
hori
ty)
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31S
T D
EC
EM
BE
R, 2
010
- (co
nt.)
12.
S TA
TE
GO
VE
RN
ME
NT
LO
AN
S
2010
2009
RM
RM
Stat
e G
over
nmen
t loa
ns -
unse
cure
dC
urre
nt...
......
......
......
......
......
...17
,868
,886
17,2
51,2
04N
on-c
urre
nt...
......
......
......
......
......
...18
,418
,787
18,8
22,9
25
RM
36,2
87,6
73R
M36
,074
,129
Ter
ms
and
debt
s re
paym
ent s
ched
ule
Und
er1
to 2
2 to
5O
ver
5T
otal
1 ye
arye
ars
year
sye
ars
RM
RM
RM
RM
RM
2010
Uns
ecur
ed S
tate
Gov
ernm
ent l
oans
-fix
ed ra
te 4
%...
......
...R
M36
,287
,673
RM
17,8
68,8
86R
M46
8,89
0R
M1,
861,
516
RM
16,0
88,3
81
2009
Uns
ecur
ed S
tate
Gov
ernm
ent l
oans
- fi
xed
rate
4%
......
......
RM
36,0
74,1
29R
M17
,251
,204
RM
404,
138
RM
1,68
5,41
1R
M16
,733
,376
Stat
e G
over
nmen
t has
agr
eed
to c
onve
rt th
e go
vern
men
t loa
n to
gra
nt a
mou
ntin
g to
RM
23,0
71,4
21. A
n am
ount
of
RM
5,31
2,18
7(2
009:
RM
2,28
9,56
8) h
as b
een
conv
erte
d du
ring
the
fina
ncia
l yea
r.
WARTA KERAJAAN NEGERI SABAH 1,38727 Jun 2013
13.
FED
ER
AL
GO
VE
RN
ME
NT
LO
AN
S
2010
2009
RM
RM
Fede
ral G
over
nmen
t loa
ns -
unse
cure
dC
urre
nt...
......
......
......
......
......
...18
,571
,344
19,5
66,6
79N
on-c
urre
nt...
......
......
......
......
......
...14
,142
,300
17,5
54,8
00
RM
32,7
13,6
44R
M37
,121
,479
Ter
ms
and
debt
s re
paym
ent s
ched
ule
The
loan
s in
tere
st is
pay
able
as
follo
ws:
Loa
ns f
or c
ondo
min
ium
s...
......
......
......
4.0
% to
7.5
% p
er a
nnum
Loa
ns fo
r all
othe
r hou
sing
pro
ject
s...
......
......
4.0%
per
ann
um
Und
er1
to 2
2 to
5O
ver
5T
otal
1 ye
arye
ars
year
sye
ars
RM
RM
RM
RM
RM
2010
Uns
ecur
ed F
eder
al G
over
nmen
t Loa
ns...
RM
32,7
13,6
44R
M18
,571
,344
RM
557,
661
RM
1,84
3,21
8R
M11
,741
,421
2009
Uns
ecur
ed F
eder
al G
over
nmen
t Loa
ns...
RM
37,1
21,4
79R
M19
,566
,679
RM
3,41
2,50
0R
M1,
756,
582
RM
12,3
85,7
18
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent
Aut
hori
ty)
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31S
T D
EC
EM
BE
R, 2
010
- (co
nt.)
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,388
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent
Aut
hori
ty)
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31S
T D
EC
EM
BE
R, 2
010
- (co
nt.)
14.
GO
VE
RN
ME
NT
TR
UST
FU
ND
S20
1020
09R
MR
M
Stat
e G
over
nmen
t Hou
sing
Fun
d...
......
......
......
......
34,2
7634
,276
Stat
e Fu
nd fo
r New
Tow
nshi
p...
......
......
......
......
1,13
4,84
31,
246,
033
Stat
e G
over
nmen
t Sub
sidi
es F
und
......
......
......
......
...2,
677,
918
4,18
4,65
6St
ate
Gov
ernm
ent A
genc
y Fu
nds
......
......
......
......
...3,
269,
415
1,97
5,94
2St
ate
Rev
olvi
ng F
und
(SPP
)...
......
......
......
......
...2,
000,
000
2,00
0,00
0
RM
9,11
6,45
2R
M9,
440,
907
15.
RE
VE
NU
E
Prof
it fr
om p
riva
tised
pro
ject
s...
......
......
......
......
20,2
42,8
9112
,740
,498
Prof
it fr
om s
ales
of c
ompl
eted
pro
pert
ies
......
......
......
......
2,24
0,65
688
2,50
8
RM
22,4
83,5
47R
M13
,623
,006
16.
OPE
RA
TIN
G P
RO
FIT
Ope
rati
ng p
rofi
t is
arri
ved
at a
fter
cre
diti
ng:
Gai
n on
dis
posa
l of
prop
erty
, pla
nt a
nd e
quip
men
t...
......
......
...16
879
,704
Man
agem
ent f
ees
......
......
......
......
......
...1,
243,
293
489,
232
WARTA KERAJAAN NEGERI SABAH 1,38927 Jun 2013
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent
Aut
hori
ty)
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31S
T D
EC
EM
BE
R, 2
010
- (co
nt.)
Ren
tal i
ncom
e...
......
......
......
......
......
...2,
705,
411
3,95
0,76
0G
over
nmen
t loa
n co
nver
ted
to g
rant
......
......
......
......
5,31
2,18
72,
289,
568
and
afte
r ch
argi
ng:
Allo
wan
ce fo
r dim
inut
ion
in v
alue
......
......
......
......
...-
2,37
9,81
7A
udito
rs’
rem
uner
atio
n...
......
......
......
......
......
23,1
6316
,105
Boa
rd m
embe
rs’
rem
uner
atio
n-
othe
r em
olum
ents
......
......
......
......
......
...31
3,70
025
1,96
4-
stud
y to
ur...
......
......
......
......
......
...18
7,47
622
,067
Dep
reci
atio
n...
......
......
......
......
......
...1,
462,
264
947,
807
17.
TA
X E
XPE
NSE
Cur
rent
Tax
Exp
ense
......
......
......
......
......
...57
,623
25,6
72
Rec
onci
liat
ion
of e
ffec
tive
tax
rate
:
Prof
it be
fore
taxa
tion
......
......
......
......
......
...9,
611,
472
3,54
2,00
5
16.
OPE
RA
TIN
G P
RO
FIT -
(con
t.)20
1020
09R
MR
M
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,390
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent
Aut
hori
ty)
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31S
T D
EC
EM
BE
R, 2
010
- (co
nt.)
Inco
me
tax
usin
g M
alay
sia
tax
rate
......
......
......
......
...2,
402,
868
920,
921
Tax
exe
mpt
inco
me
......
......
......
......
......
...(2
,206
,232
)(1
,149
,616
)N
on-d
educ
tible
exp
ense
s -
othe
rs...
......
......
......
......
247,
425
254,
367
Una
bsor
bed
capi
tal a
llow
ance
now
util
ised
......
......
......
...(3
86,4
38)
-
Tax
exp
ense
......
......
......
......
......
......
RM
57,6
23R
M25
,672
18.
EM
PLO
YE
ES
INFO
RM
AT
ION
Staf
f Cos
ts...
......
......
......
......
......
...11
,244
,366
9,57
1,44
2
Incl
uded
in st
aff c
osts
of t
he A
utho
rity
is E
mpl
oyee
s Pro
vide
nt F
und
and
othe
r ret
irem
ent b
enef
its o
f RM
928,
661
(200
9: R
M87
4,86
4).
The
num
ber
of e
mpl
oyee
s of
the
Aut
hori
ty (
excl
udin
g di
rect
ors)
at t
he e
nd o
f th
e ye
ar w
as 1
90 (
2009
: 187
) re
spec
tivel
y.
19.
CO
NT
ING
EN
T L
IAB
ILIT
IES
The
Aut
hori
ty h
as e
xecu
ted
a th
ird
part
y ch
arge
ove
r its
dev
elop
men
t pr
oper
ties
in f
avou
r of
the
fin
anci
al i
nstit
utio
ns f
or b
anki
ngfa
cilit
ies
gran
ted
to d
evel
oper
s an
d co
ntra
ctor
s am
ount
ing
to R
M98
,386
,368
(20
09: R
M84
,333
,368
).
20.
CO
MPA
RA
TIV
E F
IGU
RE
S
Cer
tain
com
para
tive
figu
res
in th
e fi
nanc
ial s
tate
men
ts o
f the
Aut
hori
ty h
ave
been
recl
assi
fied
to c
onfo
rm w
ith th
e pr
esen
tatio
n in
the
curr
ent f
inan
cial
yea
r.
2010
2009
RM
RM
17.
TA
X E
XPE
NSE
- (c
ont.)
WARTA KERAJAAN NEGERI SABAH 1,39127 Jun 2013
Lampiran A
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED31ST DECEMBER, 2010
2010 2009RM RM
INCOME
RevenueProfit from privatised projects ... ... ... ... 20,242,891 12,740,498Profit from developed properties ... ... ... 2,240,656 882,508
22,483,547 13,623,006
Other Operating IncomeGain on disposal of property, plant and equipment 168 79,704Management fees ... ... ... ... ... ... 1,243,293 489,232Other income ... ... ... ... ... ... ... 1,315,389 1,310,001Rental income ... ... ... ... ... ... 2,705,411 3,950,760Government loan converted to grant ... ... ... 5,312,187 2,289,568
10,576,448 8,119,265
Interest IncomeInterest charged to housing debtors ... ... ... 728,757 1,042,508Interest on fixed deposits and current accounts ... 871,795 573,247
1,600,552 1,615,755
34,660,547 23,358,026
LESS: EXPENDITURE
Administrative Expenses
Staff Costs
Education ... ... ... ... ... ... ... 267,303 28,300Employees’ Provident Fund contributions ... ... 531,400 506,161Medical expenses ... ... ... ... ... ... 997,961 420,226Others ... ... ... ... ... ... ... ... 36,565 41,438Pension ... ... ... ... ... ... ... ... 397,261 368,703Salaries, allowance, overtime and bonus ... ... 8,946,366 8,103,264SOCSO contributions ... ... ... ... ... 30,763 28,552Welfare and recreation ... ... ... ... ... 36,747 74,798
11,244,366 9,571,442
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,392
Lampiran A
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED31ST DECEMBER, 2010 - (cont.)
2010 2009RM RM
Depreciation
Buildings ... ... ... ... ... ... ... 208,766 207,591Long term leasehold land ... ... ... ... ... 130,456 130,426Motor vehicles ... ... ... ... ... ... 800,811 401,009Office furniture, fittings, equipment and renovation ... 322,231 208,781
1,462,264 947,807
Other Operating Expenses
Advertising and promotion ... ... ... ... 1,849 7,096Allowance for diminution in value ... ... ... - 2,379,817Auditors’ remuneration ... ... ... ... ... 23,163 16,105Bank charges ... ... ... ... ... ... ... 4,142 3,979Board members’ remuneration- other emoluments ... ... ... ... ... ... 313,700 251,964- study tour ... ... ... ... ... ... ... 187,476 22,067Electricity and water ... ... ... ... ... 32,010 121,047Insurance ... ... ... ... ... ... ... 274,092 264,728Land premium and other charges ... ... ... 245,318 394,675Provision for land premium... ... ... ... ... 4,824,000 -Other administrative and establishment expenses ... 775,936 534,063Post completed projects ... ... ... ... ... 699,448 546,494Printing and stationery ... ... ... ... ... 192,096 143,025Professional and consultancy fee ... ... ... 163,190 203,296Repair and maintenance- general housing ... ... ... ... ... ... 2,396,625 2,163,579- motor vehicle ... ... ... ... ... ... 130,633 120,588- office, furniture and equipment ... ... ... 361,823 366,300Telephone and postage ... ... ... ... ... 75,740 72,303Travelling and accommodation ... ... ... ... 329,636 298,219Vehicle running expenses ... ... ... ... ... 133,154 161,143
11,164,031 8,070,488
23,870,661 18,589,737
WARTA KERAJAAN NEGERI SABAH 1,39327 Jun 2013
Interest Expense
Interest on State and Federal loans ... ... ... 1,117,896 1,151,998Interest on bank overdraft ... ... ... ... ... 60,518 74,286
1,178,414 1,226,284
Tax Expense ... ... ... ... ... ... ... 57,623 25,672
25,106,698 19,841,693
Net profit for the year... ... ... ... ... ... RM9,553,849 RM3,516,333
Lampiran A
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED31ST DECEMBER, 2010 - (cont.)
2010 2009RM RM
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,394
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
AND ITS SUBSIDIARIES
STATEMENT BY THE CHAIRMAN AND GENERAL MANAGER
In our opinion, the financial statements set out on pages 1,396 to 1,428 are drawn upso as to give a true and fair view of the state of affairs of the Authority at 31st December,2010 and of the results of its operations and cash flows for the year ended on that date.
On behalf of the Board,
YB DATUK RUBIN BALANG
(Chairman)
HAJJAH ROSNANI BINTI ASMAT
(Deputy General Manager)
Kota Kinabalu.
WARTA KERAJAAN NEGERI SABAH 1,39527 Jun 2013
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
AND ITS SUBSIDIARIES
STATUTORY DECLARATION
I, CHIN SU ME, the officer primarily responsible for the financial management of LembagaPembangunan Perumahan dan Bandar (Housing and Town Development Authority),do solemnly and sincerely declare that the financial statements set out on pages 1,396 to1,428 are, to the best of my knowledge and belief, correct, and I make this solemn dec-laration conscientiously believing the same to be true and by virtue of the provisions ofthe Statutory Declarations Act, 1960.
Subscribed and solemnly declared bythe abovenamed CHIN SU ME at }Kota Kinabalu in the State of Sabah CHIN SU ME
on 7th June, 2011.
Before me,
DATUK CLAUDIUS ROMAN, J.P.,Pesuruhjaya Sumpah,
Malaysia.
Kota Kinabalu.
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,396
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
Note
PROPERTY, PLANTAND EQUIPMENT 3 16,660,616 16,196,428 16,016,209 15,457,090INVESTMENTS IN
SUBSIDIARIES ... 4 - - 7,417,689 7,417,689LAND HELD FOR
PROPERTYDEVELOPMENT ... 5 - - - -
HOUSING DEBTORS 6 25,780,063 26,087,398 25,780,063 26,087,398INVESTMENT
PROPERTIES ... 7 - - - -
42,440,679 42,283,826 49,213,961 48,962,177
CURRENT ASSETS
Housing debtors 6 9,997,883 13,647,092 9,997,883 13,647,092Inventories of unsold houses ... 8 28,059,166 30,127,637 28,059,166 30,127,637Development
properties ... 17,760,423 17,729,085 17,760,423 17,729,085Trade receivables 9 16,790,938 20,739,331 - -Other receivables, deposits and prepayments ... 10 13,581,753 18,433,904 12,410,612 17,968,590Amount due fromsubsidiaries ... 11 - - 8,935,769 8,449,272Tax recoverable - - - -Fixed deposits ... 12 58,296,509 40,278,972 57,446,509 39,428,972C a s h a n d b a n k balances ... 12,784,263 10,103,346 12,780,943 10,081,116
157,270,935 151,059,367 147,391,305 137,431,764
AND ITS SUBSIDIARIES
2010RM
2009RM
2010RM
2009RM
BALANCE SHEET AT 31ST DECEMBER, 2010
Group Authori ty
WARTA KERAJAAN NEGERI SABAH 1,39727 Jun 2013
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
BALANCE SHEET AT 31ST DECEMBER, 2010 - (cont.)
CURRENT LIABILITIES
Trade payables ... 18,017,231 21,981,102 5,801,491 8,349,581
Other payables and accruals... ... 42,316,845 34,509,482 48,109,335 40,081,521
Amount due to contract custo- mers ... ... 13 458,423 878,149 - -
Provision... ... 14 3,577,387 4,412,764 3,577,387 4,412,764
Housing deposits 2,013,973 1,482,098 2,013,973 1,482,098
Bank overdrafts ... 15 396,787 397,652 - -
Hire purchase lia- bilities... ... 16 53,495 50,004 - -State Government loans ... ... 17 17,868,886 17,251,204 17,868,886 17,251,204
Federal Government loans ... ... 18 18,571,344 19,566,679 18,571,344 19,566,679
Government trust funds ... ... 19 9,116,452 9,440,907 9,116,452 9,440,907
Taxation... ... 673,215 852,656 - -
113,064,038 110,822,697 105,058,868 100,584,754
NET CURRENT ASSETS 44,206,897 40,236,670 42,332,437 36,847,010
86,647,576 82,520,496 91,546,398 85,809,187
Group Authority
Note 2010 2009 2010 2009RM RM RM RM
AND ITS SUBSIDIARIES
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,398
FINANCED BY:
ACCUMULATED FUNDS 54,086,489 46,089,276 58,985,311 49,431,462MINORITY S HARE-
HOLDERS’ INTEREST 20 - - - -L O N G T E R M A N D DEFERRED LIABI LITIES
Hire Purchase Liabilities ... 16 - 53,495 - -State Government
loans ... ... 17 18,418,787 18,822,925 18,418,787 18,822,925Federal Government loans ... ... 18 14,142,300 17,554,800 14,142,300 17,554,800
32,561,087 36,431,220 36,377,725 36,377,725
86,647,576 82,520,496 91,546,398 85,809,187
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
Group Authority
Note 2010 2009 2010 2009RM RM RM RM
AND ITS SUBSIDIARIES
BALANCE SHEET AT 31ST DECEMBER, 2010 - (cont.)
WARTA KERAJAAN NEGERI SABAH 1,39927 Jun 2013
REVENUE ... ... 21 27,520,826 26,294,880 22,483,547 13,623,006
Cost of sales ... (4,400,152) (11,390,952) - -
GROSS PROFIT ... 23,120,674 14,903,928 22,483,547 13,623,006
Other operatingincome ... ... 10,440,647 8,179,265 10,576,448 8,119,265
Administrativeexpenses... ... (25,931,040) (27,026,728) (23,870,661) (18,589,737)
OPERATING PROFIT/
(LOSS) ... ... 22 7,630,281 (3,943,535) 9,189,334 3,152,534
Interest income ... 1,614,924 1,639,809 1,600,552 1,615,755Interest expense ... (1,215,249) (1,241,954) (1,178,414) (1,226,284)
PROFIT/(LOSS) BE-
FORE TAXATION 8,029,956 (3,545,680) 9,611,472 3,542,005
Tax expense... ... 23 (32,743) (175,672) (57,623) (25,672)
PROFIT/(LOSS) AFTER
TAXATION (7,997,213) 3,721,352 9,553,849 3,516,333
Minority interests 20 - - - -
NET PROFIT/(LOSS)OF THE YEAR ... 7,997,213 (3,721,352) 9,553,849 3,516,333
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR
(Housing and Town Development Authority)
INCOME STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2010
Group
Note 2010 2009 2010 2009RM RM RM RM
AND ITS SUBSIDIARIES
Authority
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,400
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED
31ST DECEMBER, 2010
Group Accumulated funds
RM
At 1st January, 2009 ... ... ... ... ... 49,810,628
Net loss for the year ... ... ... ... ... (3,721,352)
At 31st December, 2009... ... ... ... ... 46,089,276
Net profit for the year ... ... ... ... ... 7,997,213
At 31st December, 2010... ... ... ... ... 54,086,489
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED
31ST DECEMBER, 2010
Authority Accumulated funds
RM
At 1st January, 2009 ... ... ... ... ... 45,915,129
Net profit for the year ... ... ... ... ... 3,516,333
At 31st December, 2009... ... ... ... ... 49,431,462
Net profit for the year ... ... ... ... ... 9,553,849
At 31st December, 2010... ... ... ... ... 58,985,311
AND ITS SUBSIDIARIES
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
WARTA KERAJAAN NEGERI SABAH 1,40127 Jun 2013
CA S H F L O W S F R O MOPERATING ACTIVITIES
Profit/(Loss) beforetaxation ... . . . 8,029,956 (3,545,680) 9,611,472 3,542,005
Adjustments for:Allowance for
diminution in value - - - 2,379,817Depreciation ... 1,580,429 1,054,340 1,462,264 947,807Gain on disposal ofproperty, plant and
equipment ... (64,168) (79,706) (168) (79,704)Interest expense ... 1,215,249 1,226,284 1,178,414 1,226,284Interest income ... (1,614,924) (1,615,755) (1,600,552) (1,615,755)Loss on disposal of
property, plant andequipment... ... - - - -
Reversal of allowancefor diminution invalue ... ... - - - -
G o v e rnment loanconverted to grant (5,312,187) (2,289,568) (5,312,187) (2,289,568)
Operating profit/(loss)before workingcapital changes ... 3,834,355 (5,250,085) 5,339,243 4,110,886
(Increase)/Decreasein working capital:Land help for property
development ... - 7,724,916 - -Housing debtors ... 3,956,544 7,602,341 3,956,544 7,602,341Inventories of unsold
houses ... ... 2,068,471 2,602,375 2,068,471 2,602,375Development
properties... ... 1,282,502 (4,113,357) 1,282,502 (4,113,357)A m o u n t d u e t o a
contract customers (419,726) 69,343 - -T r a d e a n d o t h e r
receivables ... 8,788,228 3,036,778 5,557,978 1,280,380
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
CASH FLOW STATEMENTS FOR THE YEAR ENDED31ST DECEMBER, 2010
Group Authority
2010 2009 2010 2009RM RM RM RM
AND ITS SUBSIDIARIES
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,402
Amount due fromsubsidiaries ... - - (486,497) (1,229,419)
Trade and other pay-ables... ... ... 3,141,761 (4,942,308) 4,962,677 3,703,673
Cash generated fromoperations ... ... 22,652,135 6,730,003 22,680,918 13,956,878
Interest paid ... ... (97,353) (74,286) (60,518) (74,286)Income tax paid ... (27,499) (25,672) (57,623) (25,672)
NET CASH GENERATEDF R O M O P E R A T I N GACTIVITIES ... ... 22,527,283 6,630,045 22,562,777 13,856,920
C A S H F L O W S F R O MINVESTING ACTIVITIES
Interest received ... 1,614,924 1,615,755 1,600,552 1,615,755Proceeds from disposal
of property, plant andequipment ... ... 64,200 79,706 200 79,706
Purchase of property,plant and equipment (3,346,172) (2,708,435) (3,335,254) (2,708,435)
NET CASH USED IN IN-VESTING ACTIVITIES (1,667,048) (1,012,974) (1,734,502) (1,012,974)
C ASH F LOWS FROMFINANCING ACTIVITIES
Drawdown of StateGovernment loans 213,544 5,386,334 213,544 5,386,334
Drawdown of Govern-ment trust funds - 155,181 - 155,181
Repayment of Govern-ment trust funds ... (324,455) - (324,455) -
Repayment of hirepurchase ... ... (50,004) - - -
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
CASH FLOW STATEMENTS FOR THE YEAR ENDED
31ST DECEMBER, 2010 - (cont.)
Group Authority
2010 2009 2010 2009RM RM RM RM
AND ITS SUBSIDIARIES
WARTA KERAJAAN NEGERI SABAH 1,40327 Jun 2013
NET CASH (USED IN)/G ENERATED FROMFINANC I N G ACTIVITIES (160,915) 5,541,515 (110,911) 5,541,515
NET INCREASE IN CASHA N D C A S H E Q U I -VALENTS ... ... 20,699,320 11,158,586 20,717,364 18,385,461
C A S H A N D C A S HE Q U I V A L E N T S A TBEGINNING OF THEYEAR ... ... ... 43,134,666 32,174,080 43,510,088 25,124,627
C A S H A N D C A S HEQUIVALENTS AT ENDOF THE YEAR ... ... 63,833,986 43,134,666 64,227,452 43,510,088
C A S H A N D C A S HEQUIVALENTS COM-PRISE:Cash and bank balances 12,784,263 10,103,346 12,780,943 10,081,116
Fixed deposits ... 58,296,509 40,278,972 57,446,509 39,428,972Less: Deposits pledged (6,850,000) (6,850,000) (6,000,000) (6,000,000)
64,230,772 43,532,318 64,227,452 43,510,088
Bank overdrafts ... (396,787) (397,652) - -
63,833,985 43,134,666 64,227,452 43,510,088
AND ITS SUBSIDIARIES
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
CASH FLOW STATEMENTS FOR THE YEAR ENDED
31ST DECEMBER, 2010 - (cont.)
Group Authority
2010 2009 2010 2009RM RM RM RM
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,404
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2010
1. PRINCIPAL ACTIVITIES
The Authority is a State-owned agency and is governed by the Housing and TownDevelopment Authority Enactment, 1981. The principal activities of the Authority areto develop low cost housing and township projects, whilst the principal activities of thesubsidiaries are stated in Note 4. There has been no significant change in the nature ofthese activities during the financial year.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following accounting policies are adopted by the Group and the Authority and areconsistent with those adopted in the previous years.
(a) Basis of accounting
The financial statements of the Group and the Authority are prepared on thehistorical cost basis and in compliance with applicable approved accountingstandards in Malaysia.
(b) Basis of consolidation
Subsidiaries are those enterprise controlled by the Authority. Control exists whenthe authority has the power, directly or indirectly, to govern the financial andoperating policies of an enterprise so as to obtain benefits from its activities. Thefinancial statements of subsidiaries are included in the consolidated financial state-ments from the date that control effectively commences until the date that controleffectively ceases. Subsidiaries are consolidated using the acquisition method ofaccounting.
Under the acquisition method of accounting, the results of subsidiaries acquiredor disposed of during the year are included from the date of acquisition or up tothe date of disposal. At the date of acquisition, the fair values of the subsidiaries’net assets are determined and these values are reflected in the Group financialstatements. The difference between acquisition cost and the fair value of the sub-sidiaries’ net assets is reflected as goodwill or negative goodwill as appropriate.
Intragroup transactions and balances and the result unrealised profits are eliminatedon consolidation. Unrealised losses resulting from intragroup transactions are alsoeliminated unless cost cannot be recovered.
(c) Property, plant and equipment
Property, plant and equipment are stated at cost or valuation less accumulateddepreciation and impairment losses, if any.
The Group revalues its property comprising land and building every 5 years and atshorter intervals whenever the fair value of the revalued assets is expected to dif-fer materially from their carrying value.
AND ITS SUBSIDIARIES
WARTA KERAJAAN NEGERI SABAH
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2010 - (cont.)
1,40527 Jun 2013
Surpluses arising from revaluation are dealt with in the property revaluation reserve ac-count. Any deficit arising is offset against the revaluation reserve to the extent of a previousincrease for the same property. In all other cases, a decrease in carrying amount is charged tothe income statement.
Property, plant and equipment retired from active use and held for disposal are stated atthe carrying amount at the date when the asset is retired from active use, less impair-ment losses, if any.
(d) Depreciation
The straight line method is used to write-off the cost of the following assets overthe term of their estimated useful lives at the following principal annual rates:
Long term leasehold land over 50 yearsBuildings 2%Motor vehicles 20%Plant and machinery 20%Office furniture, fittings and equipment 10% - 20%Renovation 10%Computer Software 20%
A long term leasehold land of the Group with an unexpired lease period of 75years at year end is not amortised. The non-amortisation does not have a materialeffect on the financial statements.
(e) Impairment
The carrying amounts of the Group’s assets, other than inventories and financialassets (other than investments in subsidiaries), are reviewed at each balance sheetdate to determine whether there is any indication of impairment. If any such indi-cation exists, the asset’s recoverable amount is estimated. An impairment lossis recognised whenever the carrying amount of an asset or the cash-generatingunit to which it belongs exceeds its recoverable amount. Impairment lossesare recognised in the income statement, unless the asset is carried at a revaluedamount, in which case the impairment loss is charged to equity.
The recoverable amount is the greater of the asset’s net selling price and itsvalue in use. In assessing value in use, estimated future cash flows are discountedto their present value using a pre-tax discount rate that reflects current marketassessments of the time value of money and the risks specific to the asset. For anasset that does not generate largely independent cash inflows, the recoverableamount is determined for the cash-generating unit to which the asset belongs.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (cont.)
AND ITS SUBSIDIARIES
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,406
An impairment loss in respect of goodwill is not reversed unless the loss wascaused by a specific external event of an exceptional nature that is not expected torecur and subsequent external events have occurred that reverse the effect of thatevent.
In respect of other assets, an impairment loss is reversed if there has been a changein the estimates used to determine the recoverable amount.
An impairment loss is reversed only to the extent that the asset’s carrying amountdoes not exceed the carrying amount that would have been determined, netof depreciation or amortisation, if no impairment loss had been recognised. Thereversal is recognised in the income statement, unless it reverses an impairmentloss on a revalued asset, in which case it is taken to equity.
(f) Investment properties
Investment properties are treated as long term investments and are stated at cost.An allowance is made when the directors are of the view that there is a diminutionin their value which is other than temporary.
(g) Development properties
Land and development expenditure whereby significant development work hasbeen undertaken and is expected to be completed within the normal operatingcycle are classified as development properties. Development properties arestated at cost plus attributable profits less foreseeable losses, net of progressbillings. Cost includes cost of land, all direct building cost, and other relateddevelopment expenditure incurred during the period of development.
(h) Inventories of unsold houses
Inventories of unsold houses are stated at the lower of cost and net realisablevalue. Costs include apportioned land cost and development expenditureincurred.
(i) Revenue
(i) Property development
Profit from property development is recognised using the percentageof completion method. Where foreseeable losses are anticipated, fullprovision for these losses is made in the financial statements.
Profit from property development undertaken by another developer on theGroup’s and Authority’s land is recognised using the percentage ofcompletion method determined on the proportion of value of development units
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (cont.)
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2010 - (cont.)
AND ITS SUBSIDIARIES
WARTA KERAJAAN NEGERI SABAH 1,40727 Jun 2013
sold against total saleable value and is calculated based on the Group’s andAuthority’s entitlement on properties sold by the developer.
(ii) Developed properties
Profit on developed properties is recognised when transfer of risks andrewards has been completed.
(iii) Privatised projects
Profit on privatised projects is recognised on an accrual basis based onstipulated fixed schedule.
(iv) Construction contracts
Revenue from fixed price construction contracts is recognised on the percentageof completion method measured by reference to the percentage of contractcosts incurred to date to estimated total contract costs.
When the outcome of a construction contract cannot be estimated reliably,revenue is recognised only to the extent of contract costs incurred that isprobable to be recoverable and contract costs are recognised as an expensein the period in which they are incurred.
An expected loss on a contract is recognised immediately in the incomestatement.
(v) Rental income and net insurance commission
Rental income is recognised on an accrual basis and net insurance commis-sion is recognised when services are rendered.
(vi) Interest income and net insurance commission
Interest income is recognised in the income statement as it accrues, takinginto account effective yield on the asset.
(vii) Dividend income
Dividend income is recognised when the right to receive payment isestablished.
(viii) Project entitlements
The entitlements, pursuant to the agreement entered with the joint venturepartners, are recognised on accrual basis based on stipulated fixed schedule.
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2010 - (cont.)
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (cont.)
AND ITS SUBSIDIARIES
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,408
(j) Interest on borrowings
Interest on borrowings is charged against income and no part of the interest istreated as an inherent part of the total cost of property development.
(k) Provisions
A provision is recognised when it is probable that an outflow of resourcesembodying economic benefits will be required to settle a present obligation (legalor constructive) as a result of a past event and a reliable estimate can be made of theamount.
(i) Provision for repairs and maintenance on completed projects
Provision for repairs and maintenance is made at 5% of cost for low costhousing projects and 3% for all other projects upon their completion.
(l) Employee benefits
(i) Short term benefits
Wages, salaries, paid leave and sick leave, bonus and non-monetarybenefits are recognised in the year in which associated services are renderedby employees of the Group and of the Authority.
(ii) Defined contribution plans
Obligations for contributions to defined contribution plans are recognisedas an expense in the income statement as incurred. Other retirement benefitsare charged against income as and when paid.
(m) Government trust funds
Grants and Trust Funds received from the Federal and State Governments for thedevelopment of specific projects are utilised to meet the cost of developingthose projects. At the completion of the project, any excess Trust Fund isrefundable to the respective governments, while shortfalls are to be recoveredand shown as a debit balance in the respective fund.
(n) Investments
Long term investments in subsidiaries are stated at cost in the Authority, lessimpairment loss where applicable.
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2010 - (cont.)
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (cont.)
AND ITS SUBSIDIARIES
WARTA KERAJAAN NEGERI SABAH 1,40927 Jun 2013
(o) Income tax
Tax on the profit or loss for the year comprises current and deferred tax. Incometax is recognised in the income statement except to the extent that it relates to itemsrecognised directly in equity, in which case it is recognised in equity.
Current tax expense is the expected tax payable on the taxable income for the year,using tax rates enacted or substantially enacted at the balance sheet date, and anyadjustment to tax payable in respect of previous years.
Deferred tax is provided, using the liability method, on temporary differencesarising between the tax bases of assets and liabilities and their carrying amounts inthe financial statements. The amount of deferred tax provided is based on theexpected manner of realisation or settlement of the carrying amount of assets andliabilities, using tax rates enacted or substantially enacted at the balance sheet date.
A deferred tax asset is recognised only to the extent that it is probable that futuretaxable profits will be available against which the asset can be utilised.
(p) Cash and cash equivalents
Cash and cash equivalents consist of cash on hand, balances and deposits withbanks. For the purpose of the cash flow statement, cash and cash equivalents arepresented net of bank overdrafts and pledged deposits.
(q) Land held for property development
Land held for property development consist of land or such portions thereof onwhich no development activities have been carried out or where development activitiesare not expected to be completed within the Company’s normal operating cycle of2 to 3 years. Such land is classified as non-current asset and is stated at cost lessaccumulated impairment losses.
Land held for property development is reclassified as property development costsat the point when development activities have commenced and where it can bedemonstrated that the development activities can be within the Company’s normaloperating cycle of 2 to 3 years.
Cost of land held for property development comprise cost associated with theacquisition of land and all cost incurred subsequent to the acquisition but prior toreclassification to property development costs on activities necessary to preparethe land for its intended use.
Cost associated with the acquisition of land includes the purchase price of the land,professional fee, stamp duties, commissions, conversion fees and other relevant levies.
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2010 - (cont.)
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (cont.)
AND ITS SUBSIDIARIES
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,410
(r) Hire purchase liabilities
The cost of property, plant and equipment acquired under hire purchase agreementis capitalised under property, plant and equipment and the corresponding obliga-tions are taken up as liabilities. Hire purchase interest is taken up in the incomestatement on a sum-of-digits basis over the period of the hire purchase agreement.
(s) Amount due to contract customersAmount due to contract customers on construction contracts is stated at cost plusattributable profits less foreseeable losses and less progress billings. Cost includesall direct construction costs and other related costs. Where progress billings exceedthe aggregate amount due from contract customers plus attributable profits lessforeseeble losses, the net credit balance on all such contracts is shown under currentliabilities as amount due to contract customers.
(t) Receivables
Receivables are carried at anticipated realisable value. Bad debts are duly writtenoff. An estimate is made for doubtful debts based on a review of all outstandingamounts at the year end.
(u) Payables
Payables are stated at cost which is the fair value of the consideration to be paid inthe future for goods and services rendered.
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2010 - (cont.)
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (cont.)
AND ITS SUBSIDIARIES
WARTA KERAJAAN NEGERI SABAH 1,41127 Jun 2013
Cos
t/V
alua
tion
At 1
st J
anua
ry, 2
010
......
...17
,200
,833
3,21
5,42
33,
709,
168
24,1
25,4
24A
dditi
ons
......
......
...60
,286
2,17
6,09
51,
119,
376
3,35
5,75
7T
rans
fers
......
......
...(1
,527
,638
)-
-(1
,527
,638
)D
ispo
sal
......
......
...-
-(1
9,63
0)(1
9,63
0)W
ritte
n of
f...
......
......
-(3
20,0
00)
-(3
20,0
00)
At 3
1st D
ecem
ber,
2010
......
...15
,733
,481
5,07
1,51
84,
808,
914
25,6
13,9
13
Rep
rese
ntin
g it
ems
at:
Cos
t...
......
......
15,4
33,4
815,
071,
518
4,80
8,91
425
,313
,913
Val
uatio
n...
......
......
300,
000
--
300,
000
At 3
1st D
ecem
ber,
2010
......
...15
,733
,481
5,07
1,51
84,
808,
914
25,6
13,9
13
Dep
reci
atio
nA
t 1st
Jan
uary
, 201
0...
......
3,35
3,83
21,
987,
841
2,58
7,32
37,
928,
996
Cha
rge
for
the
year
......
......
343,
447
867,
793
369,
189
1,58
0,42
9T
rans
fers
......
......
...(2
13,7
99)
--
(213
,799
)D
ispo
sal
......
......
...-
-(2
2,32
9)(2
2,32
9)W
ritte
n of
f...
......
......
-(3
20,0
00)
-(3
20,0
00)
At 3
1st D
ecem
ber,
2010
......
...3,
483,
480
2,53
5,63
42,
934,
183
8,95
3,29
7
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent A
utho
rity
)
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31S
T D
EC
EM
BE
R, 2
010
- (co
nt.)
3.P R
OPE
RT
Y, P
LA
NT
AN
D E
QU
IPM
EN
T
Gro
up
Mot
or v
ehic
les,
plan
t and
mac
hine
ry
Tot
al
Off
ice
furn
itur
e,fi
ttin
gs a
ndeq
uipm
ent,
and
reno
vati
on
Lan
d an
dbu
ildi
ng
RM
RM
RM
RM
AN
D I
TS
SUB
SID
IAR
IES
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,412
Net
Boo
k V
alue
At 3
1st D
ecem
ber,
2010
......
...12
,250
,001
2,53
5,88
41,
874,
731
16,6
60,6
16
At 3
1st D
ecem
ber,
2009
......
...13
,847
,001
1,22
7,58
21,
121,
845
16,1
96,4
28
Dep
reci
atio
n ch
arge
for
the
year
end
ed31
st D
ecem
ber,
2009
......
...34
2,24
249
0,31
122
1,78
71,
054,
340
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent A
utho
rity
)
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31S
T D
EC
EM
BE
R, 2
010
- (co
nt.)
3.P R
OPE
RT
Y, P
LA
NT
AN
D E
QU
IPM
EN
T -
(con
t.)
Gro
up
Mot
or v
ehic
les,
plan
t and
mac
hine
ry
Tot
al
Off
ice
furn
itur
e,fi
ttin
gs a
ndeq
uipm
ent,
and
reno
vati
on
Lan
d an
dbu
ildi
ng
RM
RM
RM
RM
AN
D I
TS
SUB
SID
IAR
IES
WARTA KERAJAAN NEGERI SABAH 1,41327 Jun 2013
Cos
t/V
alua
tion
At 1
st J
anua
ry, 2
010
......
...30
0,00
06,
521,
311
10,3
79,5
2217
,200
,833
Add
ition
s...
......
......
-1,
500
58,7
8660
,286
At 3
1st D
ecem
ber,
2010
......
...30
0,00
06,
522,
811
10,4
38,3
0817
,261
,119
Dep
reci
atio
n
At 1
st J
anua
ry, 2
010
......
...21
,126
506,
237
2,82
6,46
93,
353,
832
Cha
rge
for
the
year
......
......
4,22
513
0,45
620
8,76
634
3,44
7
At 3
1st D
ecem
ber,
2010
......
...25
,351
636,
693
3,03
5,23
53,
697,
279
Net
Boo
k V
alue
At 3
1st D
ecem
ber,
2010
......
...27
4,64
95,
886,
118
7,40
3,07
313
,563
,840
At 3
1st D
ecem
ber,
2009
......
...27
8,87
46,
015,
074
7,55
3,05
313
,847
,001
Dep
reci
atio
n ch
arge
for
the
year
end
ed31
st D
ecem
ber,
2009
......
...4,
225
130,
426
207,
591
342,
242
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent A
utho
rity
)
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31S
T D
EC
EM
BE
R, 2
010
- (co
nt.)
3.P R
OPE
RT
Y, P
LA
NT
AN
D E
QU
IPM
EN
T -
(con
t.)L
and
and
buil
ding
s
Gro
up
AN
D I
TS
SUB
SID
IAR
IES
Lon
g te
rmle
aseh
old
land
Tot
alB
uild
ings
Lon
g te
rmle
aseh
old
land
RM
RM
RM
RMAt v
alua
tion
<
----
---A
t cos
t---
----
->
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,414
Cos
tA
t 1st
Jan
uary
, 201
0...
......
6,52
1,31
110
,379
,522
2,47
3,71
03,
151,
886
22,5
26,4
29A
dditi
ons
......
......
...1,
500
58,7
862,
176,
095
1,09
8,87
33,
335,
254
Tra
nsfe
rs...
......
......
(1,5
27,6
38)
--
-(1
,527
,638
)D
ispo
sals
......
......
...-
--
(19,
630)
(19,
630)
At 3
1st D
ecem
ber,
2010
......
...4,
995,
173
10,4
38,3
084,
649,
805
4,23
1,12
924
,314
,415
Dep
reci
atio
nA
t 1st
Jan
uary
, 201
0...
......
506,
237
2,82
6,46
91,
400,
565
2,33
6,06
87,
069,
339
Cha
rge
for
the
year
......
...13
0,45
620
8,76
680
0,81
132
2,23
11,
462,
264
Tra
nsfe
rs...
......
......
(213
,799
)-
--
(213
,799
)D
ispo
sals
......
......
...-
--
(19,
598)
(19,
598)
At 3
1st D
ecem
ber,
2010
......
...42
2,89
43,
035,
235
2,20
1,37
62,
638,
701
8,29
8,20
6
Net
Boo
k V
alue
At 3
1st D
ecem
ber,
2010
......
...4,
572,
279
7,40
3,07
32,
448,
429
1,59
2,42
816
,016
,209
At 3
1st D
ecem
ber,
2009
......
...6,
015,
074
7,55
3,05
31,
073,
145
815,
818
15,4
57,0
90
Dep
reci
atio
n ch
arge
for
the
year
end
ed31
st D
ecem
ber,
2009
......
...13
0,42
620
7,59
140
1,00
920
8,78
194
7,80
7
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent A
utho
rity
)
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31S
T D
EC
EM
BE
R, 2
010
- (co
nt.)
3.P R
OPE
RT
Y, P
LA
NT
AN
D E
QU
IPM
EN
T -
(con
t.)
Aut
hori
ty
AN
D I
TS
SUB
SID
IAR
IES
Mot
or v
ehic
les
Tot
al
Off
ice
furn
itur
e,fi
ttin
gs a
ndeq
uipm
ent,
and
reno
vati
on B
uild
ings
RM
RM
RM
RM
Lon
g te
rmle
aseh
old
land
RM
WARTA KERAJAAN NEGERI SABAH 1,41527 Jun 2013
(a)
Titl
e to
cer
tain
bui
ldin
gs o
f the
Aut
hori
ty w
ith c
ost o
f RM
8,84
1,23
0 (2
009:
RM
8,84
1,23
0) h
as y
et to
be
issu
ed.
(b)
The
long
term
leas
ehol
d la
nd o
f the
Gro
up a
re s
tate
d at
dir
ecto
rs’ v
alua
tion
in th
e ye
ar 2
005
of R
M30
0,00
0 ba
sed
on p
rofe
ssio
nal
valu
atio
ns m
ade
by C
H W
illia
ms
Tal
har
& W
ong
(Sab
ah)
Sdn.
Bhd
., a
com
pany
of
prof
essi
onal
val
uers
, usi
ng th
e co
mpa
riso
nm
etho
d.
(c)
Had
the
long
term
leas
ehol
d la
nd o
f the
Gro
up b
een
carr
ied
at h
isto
rica
l cos
t les
s ac
cum
ulat
ed d
epre
ciat
ion,
the
net b
ook
valu
e of
the
long
term
leas
ehol
d la
nd o
f the
Gro
up th
at w
ould
hav
e be
en in
clud
ed in
the
fina
ncia
l sta
tem
ents
at 3
1st D
ecem
ber,
2010
wou
ldbe
RM
224,
900
(200
9: R
M22
8,36
0).
(d)
Cer
tain
long
term
leas
ehol
d la
nd o
f the
Gro
up a
nd A
utho
rity
are
cha
rged
to fi
nanc
ial i
nstit
utio
n as
sec
uriti
es fo
r ban
king
faci
litie
sgr
ante
d to
con
trac
tors
cos
ting
RM
Nil
(200
8: R
M48
,134
).
(e)
Mot
or v
ehic
les
of th
e G
roup
with
net
boo
k va
lue
of R
M87
,455
(200
9: R
M12
2,43
6) is
acq
uire
d un
der h
ire
purc
hase
arr
ange
men
t.
4.I N
VE
STM
EN
TS
IN S
UB
SID
IAR
IES
Unq
uote
d sh
ares
at c
ost
......
......
......
......
......
10,0
06,0
3010
,006
,030
Les
s: A
llow
ance
for d
imin
utio
n in
val
ue...
......
......
......
...(2
,588
,341
)(2
,588
,341
)
RM
7,41
7,68
9R
M7,
417,
689
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent
Aut
hori
ty)
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31S
T D
EC
EM
BE
R, 2
010
- (co
nt.)
3.P R
OPE
RT
Y, P
LA
NT
AN
D E
QU
IPM
EN
T -
(con
t.)
Authority
AN
D I
TS
SUB
SID
IAR
IES
2010
RM
2009
RM
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,416
The
pri
ncip
al a
ctiv
ities
of t
he s
ubsi
diar
ies,
thei
r pla
ces
of in
corp
orat
ion
and
the
inte
rest
of L
emba
ga P
emba
ngun
an P
erum
ahan
dan
Ban
dar a
re a
s fo
llow
:
Eff
ecti
veC
ount
ry o
fO
wne
rshi
pN
ame
of C
ompa
nyP
rinc
ipal
Act
ivit
ies
Inco
rpor
atio
nIn
tere
sts
2010
2009
%%
Kua
la M
engg
atal
Prop
erty
dev
elop
men
tM
alay
sia
9595
Supe
rnes
a Sd
n. B
hd.*
Con
stru
ctio
n w
ork
unde
r co
ntra
ct a
ndM
alay
sia
100
100
prop
erty
dev
elop
men
t
Supe
rpan
el (
Saba
h) S
dn. B
hd.*
Hol
ding
of p
rope
rtie
s fo
r ren
tal,
Mal
aysi
a10
010
0pr
ovis
ion
of c
ontr
act w
orks
and
rela
ted
serv
ices
and
insu
ranc
e ag
ency
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent
Aut
hori
ty)
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31S
T D
EC
EM
BE
R, 2
010
- (co
nt.)
4.IN
VE
STM
EN
TS
IN S
UB
SID
IAR
IES
- (co
nt.)
AN
D I
TS
SUB
SID
IAR
IES
*The
aud
ited
fin
anci
al s
tate
men
ts a
s at
31s
t D
ecem
ber,
201
0 ar
e no
t av
aila
ble
and
the
fina
ncia
l st
atem
ents
of
thes
esu
bsid
iari
es h
ave
been
con
soli
date
d ba
sed
on m
anag
emen
t ac
coun
ts.
Dev
elop
men
tC
orpo
ratio
n Sd
n. B
hd.
WARTA KERAJAAN NEGERI SABAH 1,41727 Jun 2013
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent
Aut
hori
ty)
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31S
T D
EC
EM
BE
R, 2
010
- (co
nt.)
Lea
seho
ld la
nd, a
t cos
t...
......
......
......
......
...-
-D
evel
opm
ent e
xpen
ditu
re...
......
......
......
......
...-
--
-
6.H
OU
SIN
G D
EB
TO
RS
Non
-Cur
rent
Low
cos
t hou
sing
......
......
......
......
......
......
6,57
3,55
54,
680,
565
Low
cos
t sho
phou
ses
......
......
......
......
......
...1,
862,
805
1,87
1,64
8C
omm
erci
al h
ousi
ng...
......
......
......
......
......
10,2
28,3
5410
,837
,627
Com
mer
cial
sho
phou
ses
......
......
......
......
......
1,76
8,33
82,
508,
691
Con
dom
iniu
m f
lats
......
......
......
......
......
...5,
347,
011
6,18
8,86
7
25,7
80,0
6326
,087
,398
Cur
rent
Low
cos
t hou
sing
......
......
......
......
......
......
9,99
7,88
313
,647
,092
RM
35,7
77,9
46R
M39
,734
,490
7.I N
VE
STM
EN
T P
RO
PER
TIE
S
Gro
upA
t yea
r end
, the
title
s to
thes
e pr
oper
ties
of th
e G
roup
are
stil
l pen
ding
the
subd
ivis
ion
of th
e tit
le.
AN
D I
TS
SUB
SID
IAR
IES
5.L
AN
D H
EL
D F
OR
PR
OPE
RT
Y D
EV
EL
OPM
EN
T20
10R
M20
09R
M
Gro
up
Gro
up a
nd A
utho
rity
2010
RM
2009
RM
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,418
8.IN
VE
NT
OR
IES
OF
UN
SOL
D H
OU
SES
Gro
up a
nd A
utho
rity
Inve
ntor
ies
of u
nsol
d ho
uses
of
RM
12,0
51,5
00 (
2009
: RM
12,5
59,1
00)
are
carr
ied
at n
et r
ealis
able
val
ue.
9.T
RA
DE R
EC
EIV
AB
LE
S20
1020
09R
MR
M
Tra
de re
ceiv
able
s...
......
......
......
......
......
19,1
53,5
0220
,946
,617
Les
s: A
llow
ance
for d
oubt
ful d
ebts
......
......
......
......
(2,3
62,5
64)
(207
,286
)
RM
16,7
90,9
38R
M20
,739
,331
Incl
uded
in tr
ade
rece
ivab
les
of th
e G
roup
are
ret
entio
n m
onie
s of
RM
7,69
7,63
2 (2
009:
RM
10,9
45,6
21).
10.
OT
HE
R R
EC
EIV
AB
LE
S, D
EPO
SIT
S A
ND
PR
EPA
YM
EN
TS
Oth
er re
ceiv
able
s, d
epos
its a
nd p
repa
ymen
ts...
......
...22
,299
,061
26,8
27,0
0520
,776
,923
26,3
34,9
01
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent
Aut
hori
ty)
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31S
T D
EC
EM
BE
R, 2
010
- (co
nt.)
AN
D I
TS
SUB
SID
IAR
IES
Gro
up
2010
2009
2010
2009
RM
RM
RM
RM
Gro
upA
utho
rity
WARTA KERAJAAN NEGERI SABAH 1,41927 Jun 2013
Les
s: A
llow
ance
for d
oubt
ful d
ebts
......
......
......
(8,7
17,3
08)
(8,3
93,1
01)
(8,3
66,3
11)
(8,3
66,3
11)
13,5
81,7
5318
,433
,904
12,4
10,6
1217
,968
,590
Incl
uded
in
othe
r re
ceiv
able
s, d
epos
its a
nd p
repa
ymen
ts o
f th
e G
roup
and
of
the
Aut
hori
ty a
re l
oans
to
empl
oyee
s am
ount
ing
to
RM
23,2
67 (
2009
: RM
31,3
49).
11.
AM
OU
NT D
UE
FR
OM
SU
BSI
DIA
RIE
S
Aut
hori
tyT
he a
mou
nt d
ue fr
om s
ubsi
diar
ies
is u
nsec
ured
, int
eres
t fre
e an
d re
paya
ble
on d
eman
d.
12.
F IX
ED
DE
POSI
TS
Dep
osits
are
pla
ced
with
:L
icen
sed
bank
s...
......
......
......
......
58,2
96,5
0940
,278
,972
57,4
46,5
0939
,428
,972
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent
Aut
hori
ty)
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31S
T D
EC
EM
BE
R, 2
010
- (co
nt.)
AN
D I
TS
SUB
SID
IAR
IES
Gro
upA
utho
rity
2010
2009
2010
2009
RM
RM
RM
RM
10.
OT
HE
R R
EC
EIV
AB
LE
S, D
EPO
SIT
S A
ND
PR
EPA
YM
EN
TS
- (co
nt.)
Gro
upA
utho
rity
2010
2009
2010
2009
RM
RM
RM
RM
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,420
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent
Aut
hori
ty)
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31S
T D
EC
EM
BE
R, 2
010
- (co
nt.)
AN
D I
TS
SUB
SID
IAR
IES
Incl
uded
in th
e fi
xed
depo
sits
are
:
(a)
An
amou
nt o
f RM
850,
000
(200
9: R
M85
0,00
0) o
f the
Gro
up h
eld
unde
r lie
n by
lice
nsed
ban
ks to
sec
ure
the
over
draf
t and
bank
gua
rant
ee fa
cilit
ies
gran
ted
to th
e su
bsid
iari
es (s
ee N
ote
15).
(b)
An
amou
nt o
f RM
6,00
0,00
0 (2
009:
RM
6,00
0,00
0) o
f the
Gro
up a
nd o
f the
Aut
hori
ty h
eld
on li
en b
y a
licen
sed
bank
s fo
r the
over
draf
t fac
ilitie
s to
the
Aut
hori
ty.
13.
AM
OU
NT D
UE
TO
CO
NT
RA
CT C
UST
OM
ER
S
Con
trac
t cos
t inc
urre
d to
dat
e...
......
......
......
......
117,
852,
660
113,
494,
459
Add
: Attr
ibut
able
pro
fits
......
......
......
......
......
5,31
8,00
95,
149,
329
123,
170,
669
118,
643,
788
Les
s: P
rogr
ess
billi
ngs.
.....
......
......
......
......
...12
3,62
9,09
211
9,52
1,93
7
(RM
458,
423)
(RM
878,
149)
12.
FIX
ED
DE
POSI
TS
- (co
nt.)
Gro
up
2010
RM
2009
RM
WARTA KERAJAAN NEGERI SABAH 1,42127 Jun 2013
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent
Aut
hori
ty)
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31S
T D
EC
EM
BE
R, 2
010
- (co
nt.)
14.
P RO
VIS
ION
Gro
up a
nd A
utho
rity
Rep
air
and
Mai
nten
ance
RM
Bal
ance
at 1
st J
anua
ry, 2
010
......
......
......
......
......
......
...4,
412,
764
Prov
isio
n m
ade
duri
ng th
e ye
ar...
......
......
......
......
......
......
206,
375
Prov
isio
n us
ed d
urin
g th
e ye
ar...
......
......
......
......
......
......
...(1
66,7
22)
Prov
isio
n re
vers
ed d
urin
g th
e ye
ar...
......
......
......
......
......
...(8
75,0
30)
Bal
ance
at 3
1st D
ecem
ber,
2010
......
......
......
......
......
......
...R
M3,
577,
387
15.
BA
NK
OV
ER
DR
AFT
The
ban
k ov
erdr
aft o
f the
Gro
up b
ears
inte
rest
rate
at 1
% (2
009:
1%) a
bove
bas
e le
ndin
g ra
te p
er a
nnum
and
is s
ecur
ed b
y w
ay o
f fix
edde
posi
ts o
f R
M85
0,00
0 (2
009:
RM
850,
000
held
on
lien
by a
lice
nsed
ban
k (s
ee N
ote
9).
16.
HIR
E P
UR
CH
ASE
LIA
BIL
ITIE
S
Hir
e pu
rcha
se li
abili
ties
of th
e G
roup
is p
ayab
le a
s fo
llow
s:
AN
D I
TS
SUB
SID
IAR
IES
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,422
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent
Aut
hori
ty)
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31S
T D
EC
EM
BE
R, 2
010
- (co
nt.)
Les
s th
an o
ne y
ear
...55
,392
(1,8
97)
53,4
9555
,404
(5,4
00)
50,0
04
Bet
wee
n on
e an
d fi
veye
ars
......
...-
--
55,3
92(1
,897
)53
,495
RM
55,3
92(R
M1,
897)
RM
53,4
95R
M11
0,79
6(R
M7,
297)
RM
103,
499
The
hir
e pu
rcha
se fa
cilit
ies o
r the
Gro
up b
ear e
ffec
tive
inte
rest
rate
at 6
.51%
(200
9: 6
.51%
) per
ann
um. T
he h
ire
purc
hase
is g
uara
ntee
dby
one
of
the
dire
ctor
s of
the
Gro
up.
17.
S TA
TE
GO
VE
RN
ME
NT
LO
AN
SG
roup
and
Aut
hori
ty
2010
2009
RM
RM
Stat
e G
over
nmen
t loa
ns -
uns
ecur
edC
urre
nt...
......
......
......
......
......
...17
,868
,886
17,2
51,2
04N
on-c
urre
nt...
......
......
......
......
......
...18
,418
,787
18,8
22,9
25
RM
36,2
87,6
73R
M36
,074
,129
AN
D I
TS
SUB
SID
IAR
IES
RM
RM
RM
RM
RM
RM
Pay
men
ts20
09P
rinc
ipal
2009
Inte
rest
2009
Pri
ncip
al20
10In
tere
st20
10P
aym
ents
2010
16.
HIR
E P
UR
CH
ASE
LIA
BIL
ITIE
S - (
cont
.)
Gro
up
WARTA KERAJAAN NEGERI SABAH 1,42327 Jun 2013
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent
Aut
hori
ty)
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31S
T D
EC
EM
BE
R, 2
010
- (co
nt.)
AN
D I
TS
SUB
SID
IAR
IES
Ter
ms
and
debt
s re
paym
ent s
ched
ule
Und
er1
to 2
2 to
5O
ver
5T
otal
1 ye
arye
ars
year
sye
ars
RM
RM
RM
RM
RM
2010
Uns
ecur
ed S
tate
Gov
ernm
ent l
oans
-fix
ed ra
te 4
%...
......
...R
M36
,287
,673
RM
17,8
68,8
86R
M46
8,89
0R
M1,
861,
516
RM
16,0
88,3
81
2009
Uns
ecur
ed S
tate
Gov
ernm
ent l
oans
-fi
xed
rate
4%
......
......
RM
36,0
74,1
29R
M17
,251
,204
RM
404,
138
RM
1,68
5,41
1R
M16
,733
,376
Stat
e G
over
nmen
t has
agr
eed
to c
onve
rt th
e G
over
nmen
t loa
n to
gra
nt a
mou
ntin
g to
RM
23,0
71,4
21. A
n am
ount
of
RM
5,31
2,18
7(2
009:
RM
2,28
9,56
8) h
as b
een
conv
erte
d du
ring
the
fina
ncia
l yea
r.
18.
F ED
ER
AL
GO
VE
RN
ME
NT
LO
AN
S
Fede
ral G
over
nmen
t loa
ns -
uns
ecur
edC
urre
nt...
......
......
......
......
......
...18
,571
,344
19,5
66,6
79N
on-c
urre
nt...
......
......
......
......
......
...14
,142
,300
17,5
54,8
00
RM
32,7
13,6
44R
M37
,121
,479
Gro
up a
nd A
utho
rity
Gro
up a
nd A
utho
rity
17.
STA
TE
GO
VE
RN
ME
NT
LO
AN
S - (
cont
.)
2010
RM
2009
RM
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,424
Ter
ms
and
debt
s re
paym
ent s
ched
ule
The
loan
s in
tere
st is
pay
able
as
follo
ws:
Loa
ns f
or c
ondo
min
ium
s...
......
......
......
4.0
% to
7.5
% p
er a
nnum
Loa
ns fo
r all
othe
r hou
sing
pro
ject
s...
......
......
4.0%
per
ann
um
Und
er1
to 2
2 to
5O
ver
5T
otal
1 ye
arye
ars
year
sye
ars
RM
RM
RM
RM
RM
2010
Uns
ecur
ed F
eder
al G
over
nmen
t Loa
ns...
RM
32,7
13,6
44R
M18
,571
,344
RM
557,
661
RM
1,84
3,21
8R
M11
,741
,421
2009
Uns
ecur
ed F
eder
al G
over
nmen
t Loa
ns...
RM
37,1
21,4
79R
M19
,566
,679
RM
3,41
2,50
0R
M1,
756,
582
RM
12,3
85,7
18
19.
GO
VE
RN
ME
NT
TR
UST
FU
ND
S
2010
2009
RM
RM
Stat
e G
over
nmen
t Hou
sing
Fun
d...
......
......
......
......
34,2
7634
,276
Stat
e Fu
nd fo
r New
Tow
nshi
p...
......
......
......
......
1,13
4,84
31,
246,
033
Stat
e G
over
nmen
t Sub
sidi
es F
und
......
......
......
......
...2,
677,
918
4,18
4,65
6St
ate
Gov
ernm
ent A
genc
y Fu
nds
......
......
......
......
...3,
269,
415
1,97
5,94
2R
evol
ving
Fun
d (S
PP)
......
......
......
......
......
...2,
000,
000
2,00
0,00
0R
M9,
440,
907
RM
9,11
6,45
2
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent
Aut
hori
ty)
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31S
T D
EC
EM
BE
R, 2
010
- (co
nt.)
AN
D I
TS
SUB
SID
IAR
IES
Gro
up
an
d A
uth
ori
ty
Gro
up a
ndA
utho
rity
18.
FED
ER
AL
GO
VE
RN
ME
NT
LO
AN
S - (
cont
.)
WARTA KERAJAAN NEGERI SABAH 1,42527 Jun 2013
20.
MIN
OR
ITY
SH
AR
EH
OL
DE
RS’
INT
ER
EST
Thi
s co
nsis
ts o
f the
min
ority
sha
reho
lder
s’ p
ropo
rtio
n of
sha
re c
apita
l and
rese
rve
of a
sub
sidi
ary.
21.
RE
VE
NU
E
Prof
it fr
om p
riva
tised
pro
ject
s...
......
...20
,242
,891
12,7
40,4
9820
,242
,891
12,7
40,4
98Pr
ofit
from
sal
es o
f com
plet
ed p
rope
rtie
s...
...2,
240,
656
882,
508
2,24
0,65
688
2,50
8Sa
les
of p
rope
rtie
s an
d de
velo
pmen
t lan
d...
...5,
026,
726
12,6
71,8
74-
-In
sura
nce
com
mis
sion
inco
me
......
......
3,99
8-
Scra
p m
etal
com
mis
sion
......
......
...6,
555
--
-
O
pera
ting
pro
fit i
s ar
rive
d at
aft
er c
redi
ting
:
Gai
n on
dis
posa
l of
prop
erty
, pla
nt a
nd e
quip
men
t...
64,1
6879
,706
168
79,7
04M
anag
emen
t fee
s...
......
......
...1,
243,
293
489,
232
1,24
3,29
348
9,23
2R
enta
l inc
ome
......
......
......
...2,
705,
411
3,95
0,76
02,
705,
411
3,95
0,76
0In
tere
st in
com
e...
......
......
......
1,61
4,92
41,
615,
755
1,60
0,55
21,
615,
755
Gov
ernm
ent l
oan
conv
erte
d to
gra
nt...
......
5,31
2,18
72,
289,
568
5,31
2,18
72,
289,
568
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent
Aut
hori
ty)
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31S
T D
EC
EM
BE
R, 2
010
- (co
nt.)
AN
D I
TS
SUB
SID
IAR
IES
22.
OP
ER
AT
ING
PR
OF
IT/L
OS
S)
RM
27,5
20,8
26R
M26
,294
,880
RM
22,4
83,5
47R
M13
,623
,006
-
Gro
upA
utho
rity
2009
2010
2009
RM
RM
RM
2010
RM
-
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,426
and
afte
r ch
argi
ng:
Allo
wan
ce fo
r dim
inut
ion
in v
alue
......
......
--
-2,
379,
817
Aud
itors
’ re
mun
erat
ion.
.....
......
......
31,1
6327
,405
23,1
6316
,105
Boa
rd m
embe
rs’
rem
uner
atio
n-
Oth
er e
mol
umen
ts...
......
......
...42
3,13
125
1,96
431
3,70
025
1,96
4-
Stud
y to
ur...
......
......
......
187,
476
22,0
6718
7,47
622
,067
Dep
reci
atio
n...
......
......
......
1,58
0,42
91,
054,
340
1,46
2,26
494
7,80
7D
irec
tors
’rem
uner
atio
n-
Fees
......
......
......
......
151,
000
64,0
00-
--
Oth
er e
mol
umen
ts...
......
......
...21
,263
7,20
0-
-R
enta
l exp
ense
......
......
......
...88
,590
104,
498
--
Inte
rest
exp
ense
......
......
......
...1,
215,
249
1,22
6,28
41,
178,
414
1,22
6,28
4
23.
TA
X E
XPE
NSE
Cur
rent
Tax
atio
n-
Cur
rent
yea
r...
......
......
......
60,4
2317
5,67
257
,623
25,6
72-
Ove
rpro
visi
on in
pre
viou
s ye
ar...
......
...(1
4,87
7)-
--
Def
erre
d T
ax-
Rev
ersa
l of
tem
pora
ry d
iffe
renc
es...
......
(12,
803)
--
-
RM
32,7
43R
M17
5,67
2R
M57
,623
RM
25,6
72
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent
Aut
hori
ty)
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31S
T D
EC
EM
BE
R, 2
010
- (co
nt.)
2009
2010
2009
RM
RM
RM
2010
RM
AN
D I
TS
SUB
SID
IAR
IES G
roup
Aut
hori
ty22
.O
PER
AT
ING
PR
OFI
T/(L
OSS
) - (c
ont.)
WARTA KERAJAAN NEGERI SABAH 1,42727 Jun 2013
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent
Aut
hori
ty)
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31S
T D
EC
EM
BE
R, 2
010
- (co
nt.)
2009
2010
2009
RM
RM
RM
2010
RM
AN
D I
TS
SUB
SID
IAR
IES
Rec
onci
liat
ion
of e
ffec
tive
tax
rate
:
Prof
it/(L
oss)
bef
ore
taxa
tion
......
......
...8,
029,
956
(3,5
45,6
80)
9,61
1,47
23,
542,
005
Inco
me
tax
usin
g M
alay
sia
rate
......
......
2,29
5,23
4(9
21,8
77)
2,40
2,86
892
0,92
1T
ax e
xem
pt in
com
e...
......
......
...(2
,206
,232
)(1
,149
,616
)(2
,206
,232
)(1
,149
,616
)N
on-d
educ
tible
exp
ense
s -
othe
rs...
......
...24
7,42
52,
247,
165
247,
425
254,
367
Una
bsor
bed
capi
tal a
llow
ance
now
util
ised
......
(386
,438
)-
(386
,438
)-
Oth
er it
ems
......
......
......
...97
,631
--
-
47,6
2017
5,67
257
,623
25,6
72
Ove
rpro
visi
on in
pre
viou
s ye
ar...
......
...(1
4,87
7)-
--
Tax
exp
ense
......
......
......
...32
,743
175,
672
57,6
2325
,672
24.
EM
PLO
YE
ES
INFO
RM
AT
ION
Staf
f Cos
ts...
......
......
......
12,2
29,2
5610
,509
,161
11,2
44,3
669,
571,
442
Gro
upA
utho
rity
23.
TA
X E
XPE
NSE
- (c
ont.)
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,428
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent
Aut
hori
ty)
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31S
T D
EC
EM
BE
R, 2
010
- (co
nt.)
AN
D I
TS
SUB
SID
IAR
IES
Incl
uded
in st
aff c
osts
of t
he G
roup
and
of t
he A
utho
rity
is E
mpl
oyee
s Pro
vide
nt F
und
and
othe
r ret
irem
ent b
enef
its o
f RM
928,
661(
2009
:R
M87
4,86
4) a
nd R
M92
8,66
1 (2
009:
RM
874,
864)
.
The
num
ber o
f em
ploy
ees
of th
e G
roup
and
of t
he A
utho
rity
(exc
ludi
ng d
irec
tors
) at t
he e
nd o
f the
yea
r was
217
(200
9: 2
15) a
nd 1
90(2
009:
187
) re
spec
tivel
y.
25.
CO
NT
ING
EN
T L
IAB
ILIT
IES
The
Gro
up a
nd th
e A
utho
rity
has
exe
cute
d a
thir
d pa
rty
char
ge o
ver i
ts d
evel
opm
ent p
rope
rtie
s in
favo
ur o
f the
fina
ncia
l ins
titut
ions
for
bank
ing
faci
litie
s gr
ante
d to
dev
elop
ers
and
cont
ract
ors
amou
ntin
g to
RM
98,3
86,3
68 (
2009
: RM
85,6
84,9
50).
26.
CO
MPA
RA
TIV
E F
IGU
RE
S
Cer
tain
com
para
tive
figu
res
in th
e fi
nanc
ial s
tate
men
ts o
f the
Aut
hori
ty h
ave
been
recl
assi
fied
to c
onfo
rm w
ith th
e pr
esen
tatio
n in
the
curr
ent f
inan
cial
yea
r.
24.
EM
PLO
YE
ES
INFO
RM
AT
ION
- (c
ont.)
WARTA KERAJAAN NEGERI SABAH 1,42927 Jun 2013
PUBLIC NOTICESNo. 539 [No. JPBN. 600-1//7/2
ELECTION OFFENCES ACT 1954
(Act No. 5)
(Revised - 1969)
NOMINATION OF ELECTION JUDGE
ELECTION PETITION NO. BKI - 26EP - 1/6 - 2013
Isnin bin Hj. Aliasnih ... ... ... ... ... ... Petitioner
v.
1. Lajim bin Ukin ... ... ... ... ... ... ... 1st Respondent
2. The Returning Officer - Jupari @ Jupry bin Etok ... ... 2nd Respondent
3. The Election Commission of Malaysia ... ... ... ... 3rd Respondent
ELECTION PETITION NO. BKI - 26EP - 2/6 - 2013
Lajim bin Ukin ... ... ... ... ... ... Petitioner
v.
1. The Returning Officer - Jupari @ Jupry bin Etok ... ... 1st Respondent
2. Datuk Hajah Azizah Mohd. Dun ... ... ... ... 2nd Respondent
3. The Election Commission of Malaysia ... ... ... ... 3rd Respondent
ELECTION PETITION NO. BKI - 26EP - 3/6 - 2013
Datuk Maijol Mahap ... ... ... ... ... ... Petitioner
v.
1. Johnity @ Maximus bin Ongkili ... ... ... ... 1st Respondent
2. The Returning Officer of the Parliamentary Election for KotaMarudu, State of Sabah ... ... ... ... ... ... 2nd Respondent
3. The Election Commission of Malaysia ... ... ... ... 3rd Respondent
Pursuant to Section 33 (1) of the Election Offences Act 1954 (Act No. 5) (Revised1969), I hereby nominate the Honourable Yang Arif Datuk Yew Jen Kie as the ElectionJudge for the trial of the abovementioned Election Petitions presented to the High Court atKota Kinabalu in connection with the election of a person to be a member of the DewanUndangan Negeri and Dewan Rakyat.
Given under my hand this 14th day of June, 2013.
TAN SRI DATUK SERI PANGLIMA RICHARD MALANJUM,P.S.M., S.P.S.K., S.S.A.P., S.I.M.P., S.P.D.K., P.G.D.K.,
Chief Judge of the High Court in Sabah and Sarawak.
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,430
No. 540 [No. JPBN. 600-1/7/2
ELECTION OFFENCES ACT 1954
(Act No. 5)
(Revised - 1969)
NOMINATION OF ELECTION JUDGE
ELECTION PETITION NO. SDK - 26EP - 1/6 - 2013
Hiew Vun Zin ... ... ... ... ... ... ... Petitioner
v
1. Au Kam Wah ... ... ... ... ... ... ... 1st Respondent2. The Election Commission of Malaysia ... ... ... ... 2nd Respondent
ELECTION PETITION NO. SDK - 26EP - 2/6 - 2013
Liew Chiew Fah @ Li Chiew Fah ... ... ... ... ... Petitioner
v
1. Wong Tien Fatt @ Wong Nyuk Foh ... ... ... ... Respondent
ELECTION PETITION NO. SDK - 26EP - 3/6 - 2013
Jaffari bin Waliam ... ... ... ... ... ... ... Petitioner
v
1. Jeffer Aman - The Returning Officer P. 184 LibaranParliamentary, Sabah ... ... ... ... ... ... 1st Respondent
2. Tan Sri Abdul Rashid Abdul Rahman - Chairman ElectionCommission ... ... ... ... ... ... ... 2nd Respondent
3. Datuk Jusli Ajirol ... ... ... ... ... ... 3rd Respondent
Pursuant to Section 33 (1) of the Election Offences Act 1954 (Act No. 5) (Revised1969), I hereby nominate the Honourable Yang Arif Tuan Stephen Chung Hian Guan asthe Election Judge for the trial of the abovementioned Election Petitions presented to theHigh Court at Sandakan in connection with the election of a person to be a member of theDewan Undangan Negeri and Dewan Rakyat.
Given under my hand this 14th day of June, 2013.
TAN SRI DATUK SERI PANGLIMA RICHARD MALANJUM,P.S.M., S.P.S.K., S.S.A.P., S.I.M.P., S.P.D.K., P.G.D.K.,
Chief Judge of the High Court in Sabah and Sarawak.
PUBLIC NOTICES - (cont.)
WARTA KERAJAAN NEGERI SABAH 1,43127 Jun 2013
No. 541 [No. JPBN. 600-1/7/2
ELECTION OFFENCES ACT 1954
(Act No. 5)
(Revised - 1969)
NOMINATION OF ELECTION JUDGE
ELECTION PETITION NO. BKI - 26EP - 4/6 - 2013
Richard Sakian bin Gunting ... ... ... ... ... ... Petitionerv1. Joseph Kurup ... ... ... ... ... ... ... 1st Respondent2. The Returning Officer of the Parliamentary Election for
Pensiangan, State of Sabah ... ... ... ... ... 2nd Respondent
3. The Election Commission of Malaysia ... ... ... ... 3rd Respondent
ELECTION PETITION NO. BKI - 26EP - 5/6 - 2013
Rahimah binti Majid ... ... ... ... ... ... Petitioner
v
1. Datuk Abdul Rahim bin Bakri ... ... ... ... ... 1st Respondent
2. Sabestian Lim - The Returning Officer ... ... ... 2nd Respondent
3. The Election Commission of Malaysia ... ... ... 3rd Respondent
ELECTION PETITION NO. TWU - 26EP - 1/6 - 2013
Kong Hong Ming @ Kong Fo Min ... ... ... ... Petitionerv1. The Election Commission of Malaysia ... ... ... ... 1st Respondent
2. The Sabah State Election Officer ... ... ... ... 2nd Respondent
3. The Returning Officer ... ... ... ... ... ... 3rd Respondent
4. Yap Kain Ching @ Mary ... ... ... ... ... 4th Respondent
Pursuant to Section 33 (1) of the Election Offences Act 1954 (Act No. 5) (Revised1969), I hereby nominate the Honourable Yang Arif Puan Supang Lian as the ElectionJudge for the trial of the abovementioned Election Petitions presented to the High Court atKota Kinabalu and Tawau in connection with the election of a person to be a member of theDewan Rakyat.
Given under my hand this 14th day of June, 2013.
TAN SRI DATUK SERI PANGLIMA RICHARD MALANJUM,P.S.M., S.P.S.K., S.S.A.P., S.I.M.P., S.P.D.K., P.G.D.K.,
Chief Judge of the High Court in Sabah and Sarawak.
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,432
PUBLIC NOTICES - (cont.)
No. 542 [No. MdI/156/H/004/348/2005 (73504/236/2006)
AKTA KEBANKRAPAN, 1967
NOTIS MENGENAI DIVIDEN YANG DICADANGKAN
Nama Siberhutang: Zul Ramli bin Mohamed Razali
No. Kad Pengenalan: 660317-06-5587/A 0499616
Alamat: No. 146A, Jalan Seroja 1/5,Sg. Buloh Country Resort,Saujana Utama,47000 Selangor
Perihal: -
Mahkamah: Mahkamah Tinggi, Kota Kinabalu
No. Kebankrapan: K29-625 tahun 2004
Tarikh Akhir Menerima Bukti-bukti: 15 Julai 2013
Nama Pemegang Amanah: Ketua Pengarah Insolvensi, Malaysia
Alamat:Jabatan Insolvensi Malaysia,Cawangan Kota Kinabalu,Aras 5, Blok A,Kompleks Pentadbiran Kerajaan Persekutuan Sabah,Jalan Sulaman, Likas,88450 Kota Kinabalu, Sabah.
Bertarikh: 24 Jun 2013.LEO ANAK SAGA,
Pengarah Insolvensi Negeri,b.p. Ketua Pengarah Insolvensi, Malaysia.
[No. MdI/156/H/004/348/2005 (73504/236/2006)
BANKRUPTCY ACT, 1967
NOTICE OF INTENDED DIVIDEND
Debtor’s Name: Zul Ramli bin Mohamed Razali
NRIC No.: 660317-06-5587/A 0499616
Address: No. 146A, Jalan Seroja 1/5,Sg. Buloh Country Resort,Saujana Utama,47000 Selangor
Description: -
Court: High Court, Kota Kinabalu
WARTA KERAJAAN NEGERI SABAH 1,43327 Jun 2013
Bankruptcy Number: K29-625 of 2004
Last Day of Receiving Proofs: 15th July, 2013
Name of Trustee: Director General of Insolvency, Malaysia
Address:
Department of Insolvency Malaysia,Kota Kinabalu Branch,Level 5, Block A,Kompleks Pentadbiran Kerajaan Persekutuan Sabah,Jalan Sulaman, Likas,88450 Kota Kinabalu, Sabah.
Dated: 24th June, 2013.
LEO ANAK SAGA,State Director of Insolvency,
for Director-General of Insolvency, Malaysia.
Kadar langganan berikut bagi Warta Kerajaan Negeri Sabah yang berkuatkuasa mulai daripada 1 Januari 2013 adalah diterbitkan untuk makluman Umum:
KADAR LANGGANAN UNTUK TAHUN 2013
Warta Kerajaan termasuk tambahan-tambahan:- (Tidak termasuk Tambahan Tanda Perdagangan)
RMLangganan Tahunan di dalam Malaysia ... ... 120.00Langganan Tahunan di luar Malaysia ... ... ... 180.00Tambahan Tanda Perdagangan (untuk satu keluaran) 2.40
Sesuatu naskhah Warta Kerajaan, Tambahan-tambahan, RangUndang-undang, Laporan Dewan Undangan Negeri,Pekeliling dan lain-lain.
Tidak lebih daripada 8 muka ... ... ... ... 1.80
Tidak lebih 9 hingga 16 muka ... ... ... ... 2.40
Tidak lebih 17 hingga 32 muka ... ... ... ... 3.00
Tidak lebih 33 hingga 48 muka ... ... ... ... 3.60
Tidak lebih 49 hingga 64 muka ... ... ... ... 4.20
Tidak lebih 65 hingga 96 muka ... ... ... ... 5.40
Lebih daripada 96 muka ... ... ... ... ... 7.20 dan tambahRM1.20untuk setiap32 mukayang lebih.
Senaskhah Tahunan Tambahan Pertama dan Kedua sertaindeks 2012 (dijilid dengan Kulit Keras) ... ... RM 42.00
WARTA KERAJAAN NEGERI SABAH 27 Jun 20131,434
Kadar-kadar di atas adalah termasuk belanja Pos biasa (mel laut)
Pengiriman Wang hendaklah dialamatkan kepada Pencetak Kerajaan, JabatanCetak Kerajaan, Kota Kinabalu, Sabah. Cek dan Wang Pos hendaklah dibuatpembayarannya kepada Pencetak Kerajaan, Jabatan Cetak Kerajaan, dan dipalang“& Co”.
Untuk Makluman(1) Pelanggan bagi Warta Kerajaan Negeri dan terbitan-terbitan Kerajaan lain seperti
Laporan Tahunan, Laporan Jabatan dan sebagainya hendaklah dialamatkankepada Pencetak Kerajaan, Jabatan Cetak Kerajaan, Km. 4, Jalan Tuaran, BegBerkunci 2004, 88554 Kota Kinabalu.
(2) Pelanggan-pelanggan yang hendak mendapatkan Warta Kerajaan Persekutuanhendaklah memohon terus kepada Percetakan Nasional Malaysia Berhad, JalanChan Sow Lin, 50554 Kuala Lumpur.
________________________________________________________________________DICETAK OLEH PENCETAK KERAJAAN,
DATUK HAJI SALSIDU BIN HAJI IBRAHIM, P.G.D.K., K.M.N., J.P., JABATAN CETAK KERAJAAN,SABAH, MALAYSIA.
2013.P.K. 0001 (L) - 2013