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LGM Properties Corporation

Laporan SeparuhTahun Kedua 2OO2

Second Half YearReport 2OO2

KandunganContents

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Laporan Separuh Tahun Kedua 2OO2 • Second Half Year Report 2OO2

Pernyataan Misi & VisiMission & Vision Statements

Maklumat KorporatCorporate Information

Tadbir Urus KorporatCorporate Governance

Struktur KorporatCorporate Structure

Lembaga PengarahBoard of Directors

Profil Ahli-Ahli Lembaga PengarahProfiles of Members of Board of Directors

Pernyataan PengerusiChairman’s Statement

Eksekutif PengurusanManagement Executives

Laporan Ketua Pegawai EksekutifChief Executive Officer’s Report

Penyata KewanganFinancial Report

Senarai Eksekutif Pengurusan & Kakitangan SokonganManagement Executives & Supporting Staff Establishment

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16-22

23-33

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Pernyataan Misi & VisiMission & Vision Statements

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Pernyataan MisiUntuk memaksimumkan pulangan pelaburan melalui amalanpengurusan hartanah dan perladangan yang berkesan, cekapdan sistematik.

Pernyataan VisiPerbadanan Hartanah LGM berhasrat menjadi sebuahperbadanan yang terkenal dan dicontohi dalam pengurusanhartanah LGM dan asetnya serta memberi khidmat bernilaikepada pelanggannya dan LGM.

Mission StatementTo maximize the return of investment through effective, efficientand systematic property and plantation management practices.

Vision StatementLGM Properties Corporation aspires to be a reputable andexemplary corporation in managing MRB’s properties andassets and delivering values to its customers and MRB.


Kompleks Bangunan Getah Asli (KBGA); Ibu Pejabat Lembaga Getah Malaysia dan dua perbadanan LGM iaitu, LGM Properties Corporation (LGMPC)dan RRIM-Consult Corporation (RIMCorp).

KBGA terdiri daripada dua blok; sebuah bangunan setinggi empat tingkat (annexe) dan sebuah menara setinggi 19 tingkat bersebelahan dengannya.Bangunan annexe tersebut telah dirasmikan pada tahun 1964 oleh YTM Almarhum Tengku Abdul Rahman Putra, Perdana Menteri pertama Malaysia.Manakala blok menara pula telah dirasmikan pada tahun 1988 oleh YB Dato’ Seri Dr Lim Keng Yaik, yang pada masa itu Menteri Perusahaan Utama.

Bangunan Getah Asli Complex (KBGA): Headquarters of the Malaysian Rubber Board (MRB) and its two corporations, viz., the LGM PropertiesCorporation (LGMPC) and the RRIM-Consult Corporation (RIMCorp).

KBGA consists of two blocks, an annexe - a building of four storey high and a 19-storey tower adjacent to it. The annexe was officially opened in 1964by the late YTM Tengku Abdul Rahman Putra, Malaysia’s first Prime Minister. While the tower block was officially opened in 1988 by YB Dato’ Seri DrLim Keng Yaik, who was at that time Minister of Primary Industries.

Maklumat KorporatCorporate Information

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LGM Properties Corporation, diperbadankan pada 1 Januari2002 di bawah Akta 1996 Lembaga Getah Malaysia (LGM) dantelah memulakan operasinya pada 1 Julai 2002. Perbadanan inidiamanahkan untuk tanggungjawab-tanggungjawab berikut:-

• pengurusan tanah dan hartanah milik LGM;

• pengurusan hartanah dan premis-premis milik LGM yangdisewakan;

• menyediakan perkhidmatan pengurusan dan perundinganpengurusan hartanah kepada LGM, dan

• menyediakan perkhidmatan perundingan pengurusanhartanah kepada individu dan syarikat-syarikat yang terlibatdalam getah atau industri-industri berkaitan dengannya.

Pada masa ini, LGMPC menguruskan sebuah ladang getahseluas 1,899 hektar - Ladang LGM Pahang Tenggara, MuadzamShah, Pahang. Perbadanan juga diberi tugas mengurusbeberapa bangunan komersil milik LGM terdiri daripada pejabat-pejabat dan rumah-rumah kediaman yang disewakan kepadapihak swasta. Sebahagian dari hartanah berkenaan adalah disekitar Kuala Lumpur dan selebihnya terletak di seluruhSemenanjung Malaysia.

Alamat

LGM Properties Corporation,Tingkat 3, Bangunan Getah Asli,148, Jalan Ampang,50450 Kuala Lumpur.Tel: 03-2171 1177Faks: 03-2171 1151

Ladang LGM Pahang Tenggara,Peti Surat 61, 26700 Muadzam Shah,Pahang Darul Makmur.Tel: 09-452 8624Faks: 09-452 8701

LGM Properties Corporation (LGMPC) was incorporated on 1January 2002 under the Malaysian Rubber Board (MRB) Act1996 and began its operations on 1 July 2002. The Corporationis entrusted with the following responsibilities:-

• management of land and properties owned by MRB;

• management of rented buildings and premises owned byMRB;

• providing management services and property managementconsultancy services to MRB, and

• providing property management consultancy services toindividuals or companies involved in the rubber or rubberrelated industries.

Currently, LGMPC is looking after a rubber plantation of 1,899hectares - the Ladang LGM Pahang Tenggara, Muadzam Shah,Pahang. The Corporation is also managing a number ofcommercial buildings owned by MRB consisting of offices andresidences which are rented out to the private sector. Most ofthese buildings are situated in and around Kuala Lumpur whilethe rest are located throughout Peninsular Malaysia.

Address

LGM Properties Corporation,3rd Floor, Bangunan Getah Asli,148, Jalan Ampang,50450 Kuala Lumpur.Tel : 03-2171 1177Fax : 03-2171 1151

Ladang LGM Pahang Tenggara,Peti Surat 61, 26700 Muadzam Shah,Pahang Darul Makmur.Tel : 09-452 8624Fax : 09-452 8701


Tadbir Urus KorporatCorporate Governance

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Komposisi Lembaga Pengarah

i. Lembaga Pengarah terdiri dari ahli-ahli berikut yang akandilantik oleh Lembaga LGM:

a. Dua ahli dari Lembaga LGM;b. Seorang wakil dari Kementerian yang bertanggung-

jawab terhadap industri getah;c. Ketua Pengarah LGM;d. Seorang wakil dari pihak pengurusan LGM, dane. Dua individu yang dicalonkan oleh Menteri yang boleh

menyumbang dalam melaksanakan fungsi-fungsipembangunan Perbadanan.

ii. Pengerusi Lembaga Pengarah hendaklah dilantik olehMenteri daripada kalangan Ahli-Ahli Lembaga Pengarah.

iii. Ketua Pegawai Eksekutif Perbadanan hendaklah menjadiAhli ex-officio dalam Lembaga Pengarah, dan

iv. Seorang Setiausaha kepada Perbadanan yang akan dilantikoleh Lembaga Pengarah.

Composition of Board of Directors

i. The Board of Directors consists of the following memberswho shall be appointed by the Board of MRB.

a. Two members of the Board of MRB;b. A representative of the Ministry charged with the

responsibility for the rubber industry;c. The Director General of MRB;d. A representative from the management of MRB, ande. Two persons who are able to contribute to the carrying

out of the functions and the development of theCorporation nominated by the Minister.

ii. The Chairman of the Board of Directors shall be appointedby the Minister from among the Members of the Board ofDirectors.

iii. The Chief Executive Officer of the Corporation shall be anex-officio Member of the Board of Directors.

iv. There shall be a Secretary to the Corporation who shall beappointed by the Board of Directors.


Tadbir Urus Korporat (sambungan)Corporate Governance (continuation)

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Mesyuarat

i. Lembaga Pengarah akan bermesyuarat sekurang-kurangnya dua kali setahun.

ii. Tertakluk kepada sub-peraturan (i) dan peruntukan-peruntukan dalam peraturan-peraturan tersebut, Pengerusidan Lembaga Pengarah atau mana-mana dua orangPengarah boleh meminta mesyuarat Lembaga Pengarahdiadakan.

iii. Tertakluk kepada mana-mana perjanjian untuk notis yangpendek, sekurang-kurangnya 14 hari notis mesyuarat perludiberi termasuk hari notis tersebut dikeluarkan.

iv. Notis mesyuarat hendaklah menyatakan tempat, tarikh sertamasa mesyuarat dan perlu disertakan dengan agendalengkap mesyuarat berkenaan serta teks resolusi-resolusiyang hendak diterimapakai di mesyuarat tersebut.

v. Notis mesyuarat berkenaan hendaklah dihantar olehSetiausaha kepada setiap Pengarah.

vi. Setiausaha akan menyimpan minit mesyuarat LembagaPengarah dengan sempurna.

vii. Selepas setiap mesyuarat Lembaga Pengarah, Setiausahaakan menghantar segera satu salinan minit mesyuaratkepada Registrar.

viii. Korum mesyuarat mestilah empat orang.

ix. Di setiap mesyuarat Lembaga Pengarah di mana terdapatkorum, ia adalah dianggap sah dan mesyuarat berkuasamenjalankan semua atau mana-mana kuasa dan autoritiyang diberi kepada Lembaga Pengarah di bawah peraturan-peraturan yang ada.

x. Pengerusi Lembaga Pengarah dikehendakimempengerusikan mesyuarat Lembaga Pengarah.

xi. Sekiranya Pengerusi Lembaga Pengarah tidak hadir olehkerana sesuatu sebab dalam masa lima belas minit selepasmasa yang dinyatakan, maka Pengarah-Pengarah lain bolehmelantik seorang Pengarah di kalangan merekamenjalankan fungsi sebagai pengerusi mesyuarat.

xii. Tertakluk kepada peraturan-peraturan ini, semua persoalanyang timbul di mesyuarat-mesyuarat akan diputuskanmelalui undi majoriti serta penentuan oleh majoritiPengarah-Pengarah yang hadir dan untuk semua tujuan,pengundian akan menjadi penentu muktamad bagiLembaga Pengarah.

xiii. Sekiranya sesuatu perkara hendak diluluskan oleh LembagaPengarah dan kemudian mendapat undi yang sama, makaPengerusi akan diberi hak untuk membuat undi penentuan.

Meetings

i. The Board of Directors shall meet at least twice a year.

ii. Subject to the sub-regulation (i) and the provisions of theseregulations, the Chairman and the Board of Directors or anytwo directors may cause a meeting of the Board of Directorsto be convened.

iii. Subject to any agreement for a shorter notice, at leastfourteen days notice of a meeting shall be given which shallinclude the day on which the notice is served or is deemedto be served and shall include the day for which the notice isgiven.

iv. A notice convening the meeting shall specify the place, dateand time of the meeting and shall be accompanied by acomplete agenda of the meeting and the text of allresolutions to be adopted at the meeting.

v. A notice convening the meeting shall be sent by theSecretary to every director.

vi. The Secretary shall keep and maintain minutes of all themeetings of the Board of Directors in a proper form.

vii. The Secretary shall immediately after every meeting of theBoard of Directors submit a copy of the minutes of themeeting to the Registrar.

viii. The quorum at any meeting of the Board of Directors shall befour.

ix. Every meeting of the Board of Directors at which a quorumis present shall be deemed to have been duly convened andheld and shall be competent to exercise all or any of thepowers and authority granted to the Board of Directors underthese regulations.

x. The Chairman of the Board of Directors shall preside at ameeting of the Board of Directors.

xi. If the Chairman of the Board of Directors is for any reasonnot present within fifteen minutes after the time appointed forthe holding of the meeting, the other directors present mayappoint a director from among themselves to perform thefunctions of the chairman of the meeting.

xii. Subject to these regulations, questions arising at themeeting shall be determined by a majority of votes and adetermination by a majority of the directors present andvoting shall for all purposes be deemed to be adetermination of the Board of Directors.

xiii. If on a question to be determined by the Board of Directorsthere is an equality of votes, the chairman of the meetingshall have a casting vote.


Tadbir Urus Korporat (sambungan)Corporate Governance (continuation)

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Pendedahan rahsia berkepentingan

i. Seorang Pengarah, secara langsung atau tidak dengandirinya atau sebaliknya yang mempunyai kepentingan dalamsyarikat atau terlibat dengan sesuatu di mana Perbadananbercadang membuat kontrak atau ada kepentingan dalamsesuatu kontrak itu atau berkaitan hal-hal yang dibincangkanoleh Lembaga Pengarah, maka ia hendaklahmenyatakannya kepada Lembaga Pengarah fakta-faktakepentingan tersebut dan tahap kepentingan berkenaan.

ii. Seorang Pengarah yang memegang jawatan atau memilikisebarang hartanah yang mana secara langsung atau tidak,berkonflik dengan kerja-kerja atau kepentingannya sebagaiseorang Pengarah, hendaklah mengisytiharkan kepadaLembaga Pengarah fakta-fakta konflik tersebut dan tahapciri-ciri serta setakat mana penglibatan konflik tersebut.

iii. Sebarang pendedahan rahsia di bawah sub-peraturan (i)dan (ii) hendaklah direkodkan dalam buku minit yangdisimpan dan diuruskan oleh Setiausaha dan selepas itu,seseorang Pengarah itu tidak dibenarkan mengambilbahagian dalam perbincangan atau mesyuarat LembagaPengarah berkaitan kontrak atau perkara berkenaan.

Akauntabiliti dan Audit

Di penghujung setiap tahun fiskal, Perbadanan akanbertanggungjawab menyediakan satu penyata kewanganterperinci dan komprehensif yang mana dikehendaki mengikutperuntukan-peruntukan Akta LGM dan piawaian perakaunanyang diterimapakai oleh Lembaga Standard PerakaunanMalaysia. Lembaga Pengarah Perbadanan bertanggungjawabsepenuhnya memastikan yang dasar-dasar perakaunansentiasa diaplikasikan dan pernyataan kewangan Perbadananhendaklah memberi imbangan sebenar serta penilaian yangdifahami bagi pendapatan dan perbelanjaan Perbadanan untuktahun yang dikaji. Di samping itu, Perbadanan akan pada setiapmasa mengadakan hubungan transparen dan formal denganjuru audit luar.

Komitmen

Lembaga Pengarah adalah komited kepada prinsip-prinsip KodTadbir Urus Korporat Malaysia dan akauntabiliti korporat sertamemastikan Kod Tadbir Urus Korporat Malaysia sentiasadipatuhi. Adalah menjadi dasar Perbadanan supaya iamengurus dan melaksanakan hal-hal perniagaan Perbadananmengikut prinsip-prinsip Kod Tadbir Urus Korporat yang baikuntuk melindungi pelaburan dan kepentingan LGM dan padamasa yang sama memperbaiki lagi matlamat dan nilai-nilai LGM.

Disclosure of Interest

i. A director having directly or indirectly, by himself orotherwise, any interest in the company or undertaking withwhich the Corporation proposes to make any contract orhaving any interest in any such contract or in any matterunder discussions by the Board of Directors shall disclose tothe Board of Directors the fact of his interest and the natureof the interest.

ii. A director who holds any office or possesses any propertywhich directly or indirectly, conflicts with his duties orinterests as a director shall disclose to the Board ofDirectors the fact of the conflict and the nature, characterand extent of the conflict.

iii. A disclosure under sub-regulation (i) and (ii) shall berecorded in the minutes book kept and maintained by theSecretary and after that, such director shall take no part inthe deliberations or decision of the Board of Directorsrelating to the contract or matter.

Accountability and Audit

At the end of each fiscal year the Corporation will be responsiblein preparing a detailed and comprehensible financial statementwhich should comply with the provisions of MRB Act andaccounting standards adopted by the Malaysian AccountingStandards Board. The Coporation’s Board of Directors is fullyresponsible to ensure that the accounting policies areconsistently applied and the financial statements of theCorporation presents an actual balanced and understandableassessments of the Corporation’s income and expenditure forthe year under review. In addition, the Corporation will at alltimes, maintain a transparent and formal relationship with itsexternal auditors.

Commitments

The Board of Directors is fully committed to the principles andpractice of the Malaysian Code of corporate governance andcorporate accountability and ensures that the Malaysian code ofcorporate governance is complied with at all times. It is thepolicy of the corporation that it will manage and conduct thebusiness affairs of the corporation in accordance to theprinciples and practice of good corporate governance, in order tosafeguard MRB’s investments and interests and, at the sametime, to enhance MRB’s goals and values.


Struktur KorporatCorporate Structure

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Lembaga PengarahBoard of Directors

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Duduk dari kiri//Sitting down from left:Encik Mohd Aminuddin Hashim, Dato' Abdul Hamid Sawal, Datuk Dr Abdullah Mohd Tahir (Pengerusi//Chairman),Tan Sri Datuk (Dr) Arshad Ayub, Datuk Hj Mazlan Jamaludin

Berdiri dari kiri//Standing from left:Dr Chan Heun Yin (Ketua Pegawai Eksekutif//Chief Executive Officer), Dr Habibah Suleiman, Encik Iskandar ZulkarnainHussin (Setiausaha Lembaga Pengarah Perbadanan//Secretary of the Corporation’s Board of Directors)

Profil Ahli-Ahli Lembaga PengarahProfiles of Members of Board of Directors

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Datuk Dr Abdullah bin Mohd Tahir dilantik menjadi Pengerusi Lembaga Pengarah LGMPC sejak 1 Julai 2002. Beliau memiliki SarjanaMuda Ekonomi (Kepujian) dari Universiti Malaya, MBA dari Leuven, Belgium dan PhD dari American University, Washington, D.C.Datuk Dr Abdullah memulakan kerjayanya dalam Perkhidmatan Tadbir dan Diplomatik sebagai Penolong Setiausaha, JawatankuasaIntegrasi untuk Perkhidmatan bagi Sabah/Sarawak. Beliau seterusnya memegang beberapa jawatan penting dalam jabatan-jabatankerajaan seperti Jabatan Perkhidmatan Awam, Institut Tadbiran Awam Negara, Unit Perancang Ekonomi serta KementerianPerdagangan dan Industri Antarabangsa. Beliau kemudian dilantik sebagai Ketua Setiausaha Kementerian PembangunanUsahawan dan Koperasi dan pada tahun 2000 pula, Datuk Dr Abdullah dilantik menjadi Ketua Setiausaha Kementerian PerusahaanUtama. Pada masa ini beliau adalah Pengerusi Lembaga LGM dan juga Pengerusi beberapa perbadanan berkaitan kerajaan.

Datuk Dr Abdullah bin Mohd Tahir has been the Chairman of LGMPC Board of Directors since 1 July 2002. He holds a Bachelor ofEconomics (Hons) degree from the University of Malaya, an MBA from Leuven, Belgium and a PhD from the American University,Washington, D.C. He started his career in the Administrative and Diplomatic Services as Assistant Secretary, Integration Committeeon Services for Sabah/Sarawak. He has also held several key posts with various government departments such as the PublicServices Department, National Institute of Public Administration, Economic Planning Unit and Ministry of International Trade andIndustry. Subsequently, he became the Secretary General of the Ministry of Entrepreneur and Co-operative Development and in2000, Datuk Dr Abdullah was appointed as Secretary General of the Ministry of Primary Industries. Currently, he is the Chairman ofMRB and also Chairman to a number of government-linked corporations.


Datuk Dr. Abdullah Mohd Tahir

Profil Ahli-Ahli Lembaga Pengarah (sambungan)Profiles of Members of Board of Directors (continuation)

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Encik Mohd Aminuddin bin Hashim dilantik sebagai Ahli Lembaga Pengarah LGMPC sejak 1 Julai 2002.Beliau memiliki Sarjana Muda Sastera (Kepujian) dari Universiti Kebangsaan Malaysia dan MBA dariUniversity of Missouri, U.S.A. Beliau telah memulakan kerjayanya sebagai seorang pegawai dalamPerkhidmatan Tadbir dan Diplomatik pada tahun 1979 dan kemudian berpindah ke Unit PerancangEkonomi sebagai Penolong Pengarah. Selepas itu, beliau berkhidmat di Perbendaharaan dan beberapatahun kemudian telah berpindah ke Kementerian Pembangunan Luar Bandar. Beliau kemudianberpindah pula ke Kementerian Perusahaan Utama pada tahun 1998 sebagai Setiausaha BahagianPembangunan Industri Getah. Encik Mohd Aminuddin adalah juga seorang Ahli Lembaga LGM.

Encik Mohd Aminuddin bin Hashim was appointed to the LGMPC Board on 1 July 2002. He holds aBachelor of Arts (Hons) from Universiti Kebangsaan Malaysia and an MBA from University of Missouri,USA. He started his career as an officer with the Administrative and Diplomatic Services in 1979 and latershifted to the Economic Planning Unit as an Assistant Director. Subsequently, he joined the Treasury andsome years later, shifted to the Ministry of Rural Development. He was then transferred to the Ministry ofPrimary Industries in 1998 as an Under Secretary in the Rubber Industry Development Division. EncikMohd Aminuddin is also Board Member of the MRB.

Tan Sri Datuk (Dr) Arshad Ayub menjadi Ahli Lembaga Pengarah LGMPC sejak 1 Julai 2002. Beliaumemiliki Sarjana Muda Sains (Kepujian) dari University College of Wales, UK dan telah mendapatbeberapa anugerah akademik dari universiti-universiti dalam dan luar negara.

Tan Sri Datuk (Dr) Arshad adalah Ahli Lembaga LGM selain menjadi Pengerusi serta Ahli Pengarahbeberapa perbadanan dan syarikat swasta, memulakan kerjayanya sebagai Kadet Penolong PegawaiPembangunan dalam Pihak Berkuasa Pembangunan Perindustrian Luar Bandar (RIDA). Selamabeberapa tahun, beliau pernah memegang jawatan utama dalam beberapa kementerian dan agensi-agensi kerajaan termasuk sebagai Timbalan Govenor Bank Negara, Timbalan Ketua Pengarah UnitPerancang Ekonomi di Pejabat Perdana Menteri, Ketua Setiausaha Kementerian Perusahaan Utamadan Pengerusi Pihak Berkuasa Pendaftaran dan Pelesenan Minyak Sawit (PORLA). Tan Sri Datuk (Dr)Arshad Ayub kemudian menjadi Pengarah pertama Institut Teknologi MARA dari tahun 1965 hingga1975. Berdasarkan pengalamannya yang luas, beliau dilantik menganggotai Suruhanjaya Hakim Harunyang dibentuk oleh kerajaan untuk mengkaji skim dan terma-terma perkhidmatan dan gaji Badan-BadanBerkanun.

Tan Sri Datuk (Dr) Arshad Ayub has been a Member of LGMPC Board of Directors since 1 July 2002. Heholds a Bachelor of Science (Hons) from the University College of Wales, UK. and has received manyacademic awards from both local and foreign universities.

Tan Sri Datuk (Dr) Arshad who is currently a Board Member of MRB and Chairman as well as Director ofseveral companies, started his career as a Cadet Assistant Rural Development Officer in the then Ruraland Industrial Development Authority (RIDA). Over the years, he held several key posts in variousministries and government agencies including as Deputy Governor of Bank Negara, Deputy DirectorGeneral of the Economic Planning Unit in the Prime Minister’s Department, Secretary General of theMinistry of Primary Industries and Chairman of the Palm Oil Registration and Licensing Authority(PORLA). Tan Sri Datuk (Dr) Arshad later became the first Director of MARA Institute of Technology from1965 to 1975. Based on his wide experience, he was appointed as a Member of the Justice Harun’sCommission formed by the government to look into the scheme and terms of services and salarystructure of Statutory Bodies.


Encik Mohd Aminuddin Hashim

Tan Sri Datuk (Dr) Arshad Ayub

Profil Ahli-Ahli Lembaga Pengarah (sambungan)Profiles of Members of Board of Directors (continuation)

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Dato’ Abdul Hamid bin Sawal menjadi Ahli Lembaga Pengarah LGMPC sejak 1 Julai 2002. Beliaumemiliki Sarjana Muda Ekonomi (Kepujian) dari Universiti Malaya dan MBA dalam Perniagaan Tani dariSanta Clara University, USA. Beliau memulakan kerjayanya sebagai Penolong Setiausaha diPerbendaharaan sebelum memasuki Unit Perancang Ekonomi di bawah Jabatan Perdana Menteri.Selepas itu, beliau berpindah ke Kementerian Perusahaan Utama sebagai Timbalan Ketua Setiausahall. Pada tahun 2000, Dato’ Abdul Hamid telah dipinjamkan ke LGM sebagai Ketua Pengarah.

Dato' Abdul Hamid Sawal was appointed to the LGMPC Board on 1 July 2002. He holds a Bachelor ofEconomics (Hons) from the University of Malaya and MBA Agribusiness from USA. He started his careeras an Assistant Secretary with the Treasury and later joined the Economic Planning Unit in the PrimeMinister's Department. After that he moved on to the Ministry of Primary Industries as the DeputySecretary General II. In 2000, Dato' Abdul Hamid was seconded to MRB as its Director General.

Dr Habibah bt Suleiman menjadi Ahli Lembaga Pengarah LGMPC sejak 1 Julai 2002. Beliau memilikiSarjana Muda Ekonomi (Kepujian) dari Universiti Malaya dan MSc serta PhD dalam Ekonomi Pertanian(dengan pengkhususan dalam bidang penetapan harga dan ekonometrik) dari University of Missouri,USA. Beliau memulakan kerjayanya sebagai Pegawai Perancang dengan Perbadanan KemajuanEkonomi Negeri Johor (SEDC) sebelum menjadi seorang Pegawai Penyelidik dalam LembagaPenyelidikan dan Pembangunan Getah Malaysia (MRRDB). Selepas itu, beliau menjadi PengarahBahagian Ekonomi dan Kemajuan Pemasaran Getah LGM untuk beberapa tahun dan kemudiandinaikkan pangkat sebagai Timbalan Ketua Pengarah LGM (Dasar dan Operasi) mulai Julai tahun 2002.

Dr Habibah Suleiman was appointed to the LGMPC Board on 1 July 2002. She holds a Bachelor ofEconomics (Hons) from University Malaya and MSc and PhD in Agricultural Economics (specializing inprice analysis and econometrics) from University of Missouri, USA. She started her career as a PlanningOfficer with the Johore State Economic & Development Corporation (SEDC) before her appointment asresearch officer with the Malaysian Rubber Research and Development Board (MRRDB). After that, shebecame the Director of the Economics and Market Development Division in MRB for several years, andlater was promoted as Deputy Director-General MRB (Policy and Operations) from July 2002.


Datuk Hj Mazlan bin Jamaluddin telah menjadi Ahli Lembaga Pengarah LGMPC sejak 1 Julai 2002.Beliau memiliki ijazah Barrister-at-Law dari Lincoln’s Inn, London. Beliau adalah rakan kanan dalam firmaguaman Tetuan Aziz & Mazlan Advocates and Solicitors. Selain menjadi Ahli Lembaga Pengarah LGM,Datuk Hj Mazlan bergerak aktif dalam Persatuan Kebangsaan Pekebun-Pekebun Kecil Malaysia dimana beliau adalah Pengerusi pertubuhan tersebut. Beliau juga adalah Pengerusi PerbadananKemajuan Getah Malaysia Berhad (MARDEC), Pengerusi Majlis Pengeluar Getah Malaysia (MRPC) danAhli Lembaga dalam beberapa syarikat dan pertubuhan.

Datuk Hj Mazlan bin Jamaludin was appointed to the LGMPC Board on 1 July 2002. He holds a Barrister-at-Law from Lincoln's Inn, London. He is the Senior Partner in Tetuan Aziz & Mazlan Advocates &Solicitors. Apart from being a Board Member of MRB, Datuk Hj Mazlan is actively involved in the NationalAssociation of Smallholders (NASH) where he is the Chairman. He is also the Chairman of the MalaysianRubber Development Corporation (MARDEC), Chairman of the Malaysian Rubber Producers’ Council(MRPC) and is a Board Member of several companies and organizations.

Dato’ Abdul Hamid Sawal

Dr Habibah Suleiman

Datuk Hj Mazlan Jamaludin


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Datuk Dr Abdullah Mohd Tahir


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Latarbelakang

Disebabkan kekurangan ketara ses penyelidikan berikutanturunnya pengeluaran getah sejak beberapa tahunkebelakangan ini dan kos penyelidikan yang kian bertambah,Lembaga Getah Malaysia (LGM) perlu mencari cara-cara danjalan alternatif untuk menjana pendapatan bagi membantumengurangkan kos operasi selain dari subsidi tahunan yangditerima dari kerajaan sejak tahun 1991. Salah satu caranyaialah untuk mengeksploitasikan nilai komersil aset-aset fizikaldan harta intelektual LGM. Justeru, sejajar dengan Akta LGM1996, dua Perbadanan iaitu, LGM Properties Corporation danRRIM-Consult Corporation, telah digazetkan oleh YB MenteriPerusahaan Utama pada 1 Januari 2002 dan beroperasi pada 1Julai 2002. Sementara RRIM-Consult Corporation mengambiltugas menjaga aset-aset intelektual, LGMPC pula diberitanggungjawab untuk mengurus hartanah LGM dan ladangkomersil di Muadzam Shah, Pahang.

Oleh yang demikian, LGMPC ditugaskan untuk menjalankantanggungjawab mengurus tanah dan hartanah milik LGM,perkhidmatan pengurusan, khidmat perunding pengurusanhartanah kepada LGM dan khidmat pengurusan hartanah sertakhidmat perunding pengurusan hartanah kepada individu-individu atau badan-badan yang terlibat dalam industri getahatau industri-industri berkaitan dengannya.

Fungsi Operasi

Pengerusi dan Lembaga Pengarah telah dilantik pada 1 Julai2002 dan Ketua Pegawai Eksekutif telah dilantik pada 16 Ogos2002. Seterusnya, dengan pengambilan kakitangan kanan sertakakitangan sokongan, fungsi operasi bermula pada 1 September2002.

Pembangunan Korporat

Keberkesanan fungsi korporat bergantung kepada keupayaankakitangan untuk menyesuai dan berubah bagi memenuhicabaran-cabaran matlamat baru dan perubahan paradigmadalam pegangan minda dari sebuah perkhidmatan awamkepada sebuah badan berorientasikan komersil. Oleh itu,kebanyakan masa di sepanjang September - Disember,Perbadanan memberi tumpuan kepada latihan pegangan mindakakitangan dan aktiviti-akltiviti pra-operasi.

Bagi pihak Lembaga Pengarah (BOD), saya dengan sukacitanya membentangkan Laporan Separuh TahunKedua LGM Properties Corporation dan penyata kewangan bagi tempoh 1 Julai hingga 31 Disember 2002.

On Behalf of the Board of Directors (BOD) it gives me great pleasure to present the Second Half Year Report andaccounts of LGM Properties Corporation for the period of 1 July to 31 December 2002.

Background

Due to the significant reduction in research cess in lieu of amarked drop in national production of rubber over the past yearsand the ever increasing research costs, Malaysian RubberBoard (MRB) has to find alternative ways and means ofgenerating income to help defray its operational costs besidesthe annual subsidy received from the Government since 1991.One such way is to capitalize on the commercial value of MRB'sintellectual and physical assets. Consequently, in accordancewith the MRB Act 1996, two corporations viz., LGM PropertiesCorporation and RRIM-Consult Corporation, were gazetted bythe Honourable Minister of Primary Industries as of 1st January2002 and operational from 1st July 2002. Whilst RRIM-ConsultCorporation took care of the intellectual assets, the LGMPC wasgiven the responsibility of looking after MRB's landed propertiesand the commercial plantation in Muadzam Shah, Pahang.

The LGMPC was therefore entrusted with the tasks of themanagement of land and properties belonging to MRB,management services, property management consultancyservices to MRB and property management services as well asproperty management consultancy services to persons or bodiesinvolved in the rubber or rubber related industry

Operational Function

The Chairman and Board of Directors were appointed as of1st July 2002 and the Chief Executive Officer was appointed on16th August 2002. Subsequently with the intake of both thesenior and support staff, functional operations started from1st September 2002.

Corporate Development

The effectiveness of the corporate functions will depend on theability of staff to adapt and change to meet the challenge of theirnew goals and a paradigm shift of mind set from one of a civilservice to a commercial orientation. Hence, the Corporationconcentrated its efforts for the most part of September-December on staff mind set training and pre-operationalactivities.


Pernyataan Pengerusi (sambungan)Chairman’s Statement (continuation)

14

Pendapatan dan Perbelanjaan

Oleh kerana modul operasi antara LGM dan LGMPC tidakditetapkan sehingga Disember 2002, semua pendapatan sewadan jualan hasil ladang masih dipulangkan kepada LGM.Pendapatan faedah bagaimanapun, telah diperolehi darisimpanan tetap menggunakan sebahagian dari ‘one-off subsidy’yang diberi oleh LGM dan ia merupakan pendapatan berdaftarkepada LGMPC pada tempoh tersebut. Sebaliknya, sebanyakRM455,383.00 telah dibelanjakan dalam tempoh tersebut untukpembayaran gaji dan perbelanjaan pra-operasi.

Sementara pendapatan yang dijana daripada sewa hartanahLGM hampir sama dengan tahun sebelumnya, Ladang LGMPahang Tenggara, memperlihatkan petambahan pendapatan,daripada RM1,272,365.00 dalam setengah tahun kedua 2001kepada RM3,621,657.00 dalam tempoh yang sama tahun 2002.Ini adalah kerana harga getah yang semakin baik, situasi buruhyang kian menggalakkan dan peningkatan jumlah kehadiranpenoreh yang membawa kepada pengurangan kawasan tidakbertoreh.

Tadbir Urus Korporat

Lembaga Pengarah adalah komited kepada prinsip-prinsip danamalan baik tadbir urus korporat Malaysia dan akauntabilitikorporat serta memastikan kod tadbir urus korporat Malaysiasentiasa dipatuhi. Prinsip-prinsip tadbir urus korporat yang baikdipatuhi untuk melindungi pelaburan LGM dan meningkatkannilai LGM.

Prospek Tahun 2003

Masa depan perniagaan Perbadanan dijangka bertambah baikdengan adanya rangka operasi tersusun lengkap pada tahun2003.

Di sektor hartanah, ruang kosong di menara KBGA dijangkaakan disewakan dan dengan langkah-langkah yang diambiluntuk mengurangkan kos penyelenggaraan denganpengurangan kecekapan yang minimum, pendapatan dari sektorini dijangka meningkat pada tahun hadapan. Lagipun,dijangkakan harga getah akan terus stabil dan pendapatan dariLadang LGM Pahang Tenggara dijangka hampir sama dengantahun ini ataupun meningkat lagi. Sekiranya tidak ada kekalutandiluar jangkaan, Lembaga Pengarah menjangka prestasikewangan Perbadanan untuk tahun 2003 adalah positif danmungkin bertambah baik dari tahun semasa.

Revenue and Expenditure

As the module of operation between the MRB and LGMPC wasnot finalized as at December 2002, all income received fromrentals and crop sales was still accrued to MRB. Interest wasderived however from the fixed deposit using a portion of the"one-off subsidy" given by MRB and this represented the onlyregistered income to LGMPC during this period. On the otherhand, a total of RM455,383.00 was spent during the period forsalaries and pre-operational expenses.

Whilst income generated from rentals from MRB's landedproperties remains almost the same as the year before, the LGMPahang Tenggara estate saw a jump in revenue fromRM1,272,365.00 in the second half of 2001 to RM3,621,657.00in the same period of 2002. This was due to better rubber price,improved labour situation and good out turn leading to lessvacant tasks.

Corporate Governance

Your Board of Directors is fully committed to the principles andpractice of good corporate governance and corporateaccountability and ensures that the Malaysian code of corporategovernance is complied with. The principles of good corporategovernance are conformed in order to safeguard MRB'sinvestment and to enhance MRB's value.

2003 Outlook

The outlook for the Corporation's business should improve witha fully geared operational framework in the year 2003.

In the properties sector, the vacant floor space in the tower blockis expected to be rented out and with measures taken to reducemaintenance costs with minimal loss of efficiency, the revenuefrom this sector should improve in the coming year. Furthermore,it is expected that the rubber price should remain stable and therevenue from the LGM Pahang Tenggara estate should remainthe same or even be higher. Barring any unforeseencircumstances, the Board of Directors expect the Corporation' sfinancial performance for the year 2003 to be positive andperhaps improve on the current year under review.

Datuk Dr Abdullah Mohd TahirPengerusiLGM Properties CorporationChairmanLGM Properties Corporation


Eksekutif PengurusanManagement Executives

15


Dr Chan Heun YinKetua Pegawai Eksekutif/Chief Executive Officer

Hj Mohd Rusli Mohd YusofPengurus Kanan (Perladangan)Senior Manager (Plantations)

Ismail AhmadPengurus Kanan (Hartanah)Senior Manager (Properties)

Iskandar Zulkarnain HussinPengurus (Kewangan & Pentadbiran)

/Setiausaha Lembaga Pengarah PerbadananManager (Finance & Administration)/

Secretary of the Corporation’s Board of Directors

Zulkurnain SaaiddinPengurus (Bangunan & Operasi)

Manager (Buildings & Operations)

Laporan Ketua Pegawai EksekutifChief Executive Officer’s Report

16


Dr Chan Heun Yin

Laporan Ketua Pegawai Eksekutif (sambungan)Chief Executive Officer’s Report (continuation)

17

Prakata

Sungguhpun LGMPC telah dikorporatkan secara sah pada 1Januari 2002, hanya setelah 1 Julai 2002 sahaja ia mulaberoperasi apabila Pengerusi dan Lembaga Pengarah telahdilantik. Lembaga Pengarah bermesyuarat kali pertamanyapada 16 Ogos 2002 dan melantik Ketua Pegawai Eksekutif sertameluluskan peraturan-peraturan fungsi dan keperluan-keperluanPerbadanan. Seterusnya, pegawai-pegawai kanan dankakitangan sokongan telah dilantik mulai 1 September 2002.

Perbadanan ditugaskan untuk mengurus hartanah komersilLGM dan ia termasuklah KBGA, hartanah yang disewakan diJalan Ampang, Jalan Tun Abdul Razak dan Jalan Page sertabeberapa hartanah lain dalam negeri ini serta sebuah ladanggetah seluas 1,899 hektar, Ladang LGM Pahang Tenggara,Muadzam Shah, Pahang.

Oleh kerana LGM dalam peringkat akhir menyusun secaraformal satu peraturan kewangan yang bersesuaian denganLGMPC, maka semua aspek mengenai pengurusan hartanahkomersil masih dengan LGM bagi tempoh 1 Julai hingga 31Disember 2002. Seterusnya, perbelanjaan pra-operasiPerbadanan telah menggunakan wang dari ‘one-off grant’sebanyak RM2 juta yang diberikan oleh LGM kepadaPerbadanan. Oleh yang demikian, dalam tempoh tersebut, tiadasebarang pendapatan diperolehi melainkan sedikit faedahdaripada simpanan tetap.

PERLADANGAN

Ladang LGM Pahang Tenggara, Pahang

Hasil pengeluaran dan pendapatan yang dijana dari ladang inimemberangsangkan. Pada keseluruhannya, pendapatan bagitempoh tersebut menunjukkan pertambahan sebanyak 244%,daripada RM1.722 juta kepada RM4.198 juta, berbandingtempoh yang sama pada tahun 2001. Selain pertambahan hasilpengeluaran, kenaikan harga getah turut membantu.

Preamble

Although LGM Properties Corporation (LGMPC) was legally

incorporated on 1st January 2002, it was not until 1 July 2002

that it became operational when the first Chairman and Board of

Directors were appointed. The Board of Directors met for their

first meeting on 16 August 2002, appointed the Chief Executive

Officer (CEO) and approved the functional regulations and

requirements of the Corporation. Subsequently, the complement

of both senior and support staff were appointed from

1 September 2002.

The Corporation was entrusted with the management of the

commercial properties of the Malaysian Rubber Board (MRB)

and they include the Bangunan Getah Asli Complex, the landed

properties which are rented out along Jalan Ampang, Jalan Tun

Razak and Jalan Page and some properties in the other state of

the country as well as the 1,899 ha rubber plantation - Ladang

LGM Pahang Tenggara in Muadzam Shah, Pahang.

As MRB was in the final stages of formalizing a suitable financial

arrangement with the LGMPC, all financial aspects concerning

managing the commercial properties remained with MRB for the

period in July to 31 December 2002. Consequently, the

pre-operational expenses of the Corporation was tapped from

the “one-off grant” of RM2 million given by MRB to the

Corporation. During this period, therefore, no income was

registered with the Corporation except for some interests derived

from fixed deposits.

PLANTATIONS

Ladang LGM Pahang Tenggara, Pahang

Production and revenue generated from the estate has been

encouraging. Overall revenue for the period showed an

encouraging increase by 244% from RM1.722 million to

RM4.198 million as compared to the same period in 2001.

Beside the increase in production, this was helped by better

rubber prices.


Pokok Getah Matang/Mature Rubber


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Pengeluaran dan Pendapatan

GetahPengeluaran bagi separuh tahun kedua 2002 ialah sebanyak1,127 tan metrik, berbanding 711 tan metrik dalam tempohyang sama tahun 2001. Ia menunjukkan pertambahan sebanyak416 tan metrik atau 59%. Purata hasil sehektar bertambahsebanyak 313.22 kg sehektar, daripada 625.41 kg kepada938.63 kg atau pertambahan sebanyak 50% untuk tempoh yangsama. Pertambahan tersebut disebabkan keadaan cuaca yangbaik, harga getah yang tinggi dan pemantauan berkesan yangmenjurus kepada peningkatan bilangan pekerja menoreh sertapertambahan bilangan kawasan torehan (daripada 18,326kepada 39,750 kawasan torehan).

Pertambahan pengeluaran fizikal dan harga getah yangmenggalakkan telah meningkatkan pendapatan dari jualangetah sebanyak 185%, berbanding dengan tempoh yang samatahun 2001, iaitu, daripada RM1,272 juta kepada RM3,622 juta.Harga purata di ladang bagi getah RSS 1/SMR20 ialah 256.765sen/kg, berbanding dengan 161.125 sen/kg bagi tempoh yangsama tahun 2001.

Kelapa SawitPengeluaran separuh tahun buah tandan segar (BTS)menunjukkan pengurangan minimal sebanyak 7 tan metrik,daripada 1,829 tan metrik kepada 1,822 tan metrik.Bagaimanapun, harga BTS yang lebih baik menambahkanpendapatan daripada RM0.32 juta kepada RM0.52 juta atau63%. Harga purata BTS yang diperolehi ialah RM287.32 satutan metrik berbanding dengan RM176.82 satu tan metrik bagitempoh yang sama tahun 2001.

Pendapatan Pelbagai Lain-lain pendapatan termasuklah sewa, faedah bank danpelbagai jualan yang berjumlah RM52,363 berbandingRM126,597 pada tahun 2001; pengurangan sebanyak 59%.Kesusutan ini berpunca dari penutupan projek biri-biri dan kadarfaedah yang rendah diperolehi dari amaun simpanan tetap yangberkurangan. Pengurangan wang simpanan tetap ialah keranasebanyak RM4 juta telah dipulangkan ke LGM.

PerbelanjaanDaripada RM2.524 juta yang diperuntukkan, sebanyak RM1.937juta atau 77% telah dibelanjakan. Ia adalah lebih tinggi daripadaperbelanjaan pada tahun 2001 iaitu, sebanyak RM1.462 juta,kebanyakannya untuk perbelanjaan torehan dan pengutipan,iaitu, daripada RM0.765 juta kepada RM1.336 juta danpertambahan kos penyelenggaraan ladang kelapa sawit,daripada RM38,264 kepada RM152,811.

Production and Revenue

RubberProduction for the second-half of 2002 was 1,127 metric tonneas compared with 711 metric tonne in the same period in 2001.This represents an increase by 416 metric tonne or 59%.Average yield/ha was up by 313.22 kg/ha, from 625.41 kg to938.63 kg or an increase by 50% for the same period. Theseincreases were made possible by favourable weather conditions,better rubber prices and good supervision leading to improvedlabour turnout resulting in increased number of tasks tapped(from 18,326 to 39,750 tasks)

Increased physical production and better rubber prices improvedrevenue from sales of rubber by 185% compared with the sameperiod in 2001, i.e. from RM 1.272 million to RM3.622 million.Average farmgate price of RSS 1/SMR20 obtained was 256.765sen/kg as compared with 161.125 sen/kg for the same period in2001.

Oil PalmThe half-yearly production of fresh fruit bunches (FFB) showeda minimal decrease of 7 metric tonne from 1,829 to 1.822.However, an improved FFB price increased the revenue fromRM0.32 million to RM0.52 million or 63%. Average price of FFBobtained was RM287.32/m tonne as compared withRM176.82/m tonne for the same period in 200I.

Miscellaneous RevenueOther revenue, which includes rentals, bank interests andmiscellaneous sales, totaled RM52,363 compared with RM126,597 in 2001; a decline by 59%. The decline was due to theclosure of the sheep project and a drop on interest derived froma reduced amount of fixed deposit. The reduction of fixed depositwas due to a refund of RM4 million to MRB.

ExpenditureOf the RM2.524 million allocated, RM 1.937 million or 77% wasspent. This was higher than 2001's expenditure of RM 1.462million, mainly due to revenue expenditure on tapping andcollection, i.e. from RM0.765 million to RM 1.336 million and anincreased expenditure on field upkeep for oil palm fromRM38,264 to RM 152,811.



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HARTANAH

Bahagian Hartanah Perbadanan ditugas mengurus KompleksBangunan Getah Asli (KBGA), yang terdiri dari sebuah blokmenara, sebuah annexe bersebelahan dengannya, kawasanletak kenderaan dan kawasan perkhidmatan am yang disewadan yang masih kosong, tetapi tidak termasuk ruang yangdiduduki oleh LGM. Unit ini juga diberi tanggungjawab mengurus56 buah premis komersil lain terletak di sekitar Jalan Ampangdan Jalan Tun Razak serta di beberapa negeri di seluruhSemenanjung Malaysia.

Kompleks Bangunan Getah Asli (KBGA)

PenyewaanMengikut peraturan yang dipersetujui, dari Julai 2002,tanggungjawab mengurus semua ruang sewaan seluas 81,059kaki persegi atau 49% daripada jumlah ruang yang terdapat diKBGA merupakan fungsi utama LGMPC. Daripada jumlahtersebut, 47,173 kaki persegi (59%) keluasan ruang lantai telahdisewakan kepada 34 penyewa, sementara 33,886 kaki persegi(41%) lagi masih kosong.

Menjelang Disember 2002, ruang yang telah disewa bertambahsedikit sebanyak 4,058 kaki persegi kepada 51,231 kaki persegidan menjadikan kawasan kosong berkurangan kepada 29,828kaki persegi. Ini menjadikan jumlah ruang yang disewakanbertambah 63% dan tinggal lagi 37% ruang yang masih kosong.Di samping itu, ruang seluas 1,904 kaki persegi lagi di tingkat 3,KBGA (annexe) telah diperolehi.

Lebih banyak ruang di KBGA (M) telah ditempah oleh penyewa-penyewa tetapi, penyewaan akan hanya bermula pada awaltahun 2003.

Purata kutipan sebulan dari sewa ruang pejabat di KBGA ialahsebanyak RM200,000. Selain itu, sebanyak RM16,830diperolehi dalam tempoh enam bulan dari sewa penggunaankemudahan seperti bilik persidangan, teateret, bilik mesyuaratdan dewan bankuasi, sementara amaun sebanyak RM2,325diperolehi dari sewa gelanggang tennis dan skuasy.

PROPERTIES

The Properties Division of the Corporation was entrusted withthe management of Bangunan Getah Asli Complex (KBGA)which includes the tower block, the annexe and the car park aswell as all common and service areas tenanted and vacant officespaces but excluding internal office areas occupied by MRB. TheDivision was also responsible for managing 56 other commercialproperties situated in and around Jalan Ampang and Jalan TunRazak areas as well as in various other states throughoutPeninsular Malaysia.

Bangunan Getah Asli Complex (KBGA)

TenancyIn accordance with the agreed arrangement, from July 2002, theresponsibility of managing the total area of commerciallytenantable space of 81,059 square feet or 49% of the total floorspace at KBGA became a principal function of LGMPC. Out ofthis total, 47,173 square feet (59%) of floor space has beenalready rented out to some 34 tenants while 33,886 square feet(41%) of the space was vacant.

By December 2002, the occupancy registered a slight increaseof 4,058 square feet to 51,231 square feet causing a drop in thevacant space to 29,828 square feet. This represents an increasein the occupied area to 63% and a decrease in the vacant spaceto 37%. The commercial tenancy of a further space of 1,904square feet at the 3rd floor, KBGA (annexe) was also secured.

More tenancies of vacant spaces at KBGA (M) were alsosecured during the period. but their commencements would beeffective only in early 2003.

The average monthly collection of rental from the office spacesin KBGA was about RM200.000. A further collection of RM16,830 was received during the six-month period from the rentalof building facilities such as the conference room, theatrette,meeting room and banquet hall while an income of RM2,325 wasgenerated from the rental of the tennis and squash courts.



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PenyelenggaraanPada amnya, khidmat yang disediakan oleh kontraktorperkhidmatan bangunan adalah memuaskan.

Sungguhpun Metro Parking (M) Sdn Bhd menghadapi masalahyang kian banyak, setengah daripadanya adalah di luar kawalanmereka, namun syarikat berkenaan telah bertindak positifterhadap aduan-aduan dan mengambil tindakan pantas untukmengatasi masalah-masalah yang timbul dan selepas itu,perkhidmatan syarikat didapati semakin baik. Komen yang samajuga boleh ditujukan kepada syarikat Premier Cleaning ServicesSdn Bhd.

Syarikat Hajwings Security Services Sdn Bhd, walaupunmenunjukkan perubahan baik selepas prestasi buruk dalamtempoh beberapa bulan selepas ia dilantik, didapati kurangmempunyai asas kepakaran dalam pasukan keselamatan.Sungguhpun syarikat berkenaan responsif terhadap aduan-aduan, ia didapati tidak berkesan kepada pengawal-pengawalkeselamatannya di peringkat operasi.

Semasa tempoh berkenaan, sebanyak RM160,000 telahdibelanjakan untuk kerja-kerja pembaikan kecil kepadabangunan-bangunan.

Latihan Cegah KebakaranSelaras dengan kempen mencegah kebakaran 2002 anjuranLGM dengan kerjasama Jabatan Bomba dan PenyelamatMalaysia, Persatuan Bulan Sabit Merah dan Polis di RajaMalaysia, satu latihan telah dapat diadakan dengan jayanyapada 4 September 2002.

MaintenanceGenerally, the services provided by all the building servicecontractors were satisfactory.

Metro Parking (M) Sdn Bhd, though faced with mountingproblems, some of which were beyond their control, had reactedwell to complaints and had taken reasonably quick action tosolve whatever problems raised and more often than not hadshown improvements in their services. Similar comments maybe made on Premier Cleaning Services Sdn Bhd.

Hajwings Security Services Sdn. Bhd., despite having shownsome improvements following a somewhat poor performanceduring the first couple of months after they were hired, lacks thebasic vigour of security force. Although the company'smanagement had been responsive to complaints, they did notseem effective with their personnel at the operation level.

During the period, a sum of about RM 160,000 was spent onsmall repairs to the buildings.

Fire DrillIn conjunction with the Fire Safety Campaign 2002 organized byMRB in collaboration with Jabatan Bomba dan PenyelamatMalaysia, the Red Crescent Society and Polis Di Raja Malaysia,a fire drill was successfully conducted on 4 September 2002.

Other Commercial Properties

TenancyThe MRB also commissioned a total of 56 other commercialproperties to the LGMPC to manage. Amongst those premises,about 20 are in the Ampang/Tun Razak area while the rest areat various locations in other states throughout PeninsularMalaysia. With the exception of a small office in Jertih,Terengganu, which was withdrawn by the MRB for their own useand a bungalow in Seremban, all the properties are success-fully rented out. Towards the end of the year, another bungalowin Kuala Terengganu was handed over to LGMPC and almostimmediately rented out.

The average monthly income derived from the rentals of theseproperties is RM250,000.


Sebuah banglo di Kuala TerengganuA bungalow in Kuala Terengganu


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Lain-Lain Hartanah

PenyewaanLGM memperuntukkan 56 premis komersil kepada LGMPCuntuk diuruskan. 20 daripada jumlah tersebut terletak dikawasan Jalan Ampang/Jalan Tun Razak, sementaraselebihnya terletak di beberapa lokasi di negeri-negeri di seluruhSemenanjung Malaysia. Melainkan sebuah pejabat kecil diJertih, Terengganu dan sebuah banglo di Seremban, NegeriSembilan yang telah diambil balik oleh LGM untukkegunaannya, semua hartanah telah disewakan. Menjelangakhir tahun, sebuah lagi banglo di Kuala Terengganu telahdiserahkan kepada LGMPC dan ia telah disewakan denganserta merta.

PenyelenggaraanKebanyakan hartanah asalnya ialah banglo-banglo kediaman dizaman kolonial, berumur 40 tahun atau lebih. Oleh yangdemikian, kebanyakan daripada bangunan-bangunanberkenaan memerlukan kerja-kerja baikpulih dan menaiktaraf.Bagaimanapun, dalam tempoh tersebut, Perbadanan telahmemberi tumpuan kepada penyediaan laporan komprehensifdan cadangan bagi kerja-kerja baikpulih dan menaiktaraf. Kerja-kerja pembaikan dilaksanakan hanya apabila ia didapati perludan selalunya selepas mendapat aduan dari penyewa-penyewa.Sebanyak RM158,000 telah dibelanjakan untuk tujuan itu dalamtempoh tersebut.

KEWANGAN DAN PENTADBIRAN

Pentadbiran

Sumber ManusiaJumlah kakitangan pada 31 Disember 2002 ialah seramai 29orang, terdiri dari lima pegawai eksekutif dan 24 kakitangansokongan. 17 kakitangan ditempatkan di Ibu Pejabat, manakalaselebihnya sebanyak 12 orang, di Ladang LGM PahangTenggara, Muadzam Shah, Pahang.

Seorang kakitangan sokongan dari LGM berkhidmat denganLGMPC secara pinjaman. Dalam tempoh tersebut, seorangPembantu Akaun telah berhenti dan tempat beliau digantikansegera.

MaintenanceMost of the properties were originally colonial residential

bungalows which have withstood the weather for maybe 40

years or more. They are in dire need of refurbishment and

upgrading. During the period, the Corporation had focused

mainly on the inspection of these buildings with the aim of

submitting a comprehensive report and recommendation for the

necessary refurbishment and upgrading plans. Repair works

were carried out only when they were deemed necessary and

most often in response to the demands and complaints from

tenants. A sum of about RM158,000 was spent on such repair

works at the various buildings during the period.

FINANCE AND ADMINISTRATION

Administration

Human ResourceAs at 3 1 December 2002, the total number of LGMPC staff is 29

comprising of 5 senior executives and 24 supporting staff. 17 of

the staff are in the LGMPC's headquarters in Bangunan Getah

Asli, Kuala Lumpur and another 12 are in the Ladang LGM

Pahang Tenggara office in Muadzam Shah,

Pahang.

One support staff from the MRB is under secondment to

LGMPC. During the period, one accounts assistant resigned and

the position was immediately replaced.



22

LatihanPerbadanan sedar bahawa semua kakitangannya mestilahdiorientasikan kepada pegangan minda komersil supaya dapatdiserap dan bergerak selari dengan dunia korporat.Sehubungan dengan itu, kakitangan telah dihantar menghadiribengkel dan kursus-kursus latihan yang bersesuaian. Selain itu,didapati perlu menambah tahap profesional bagi semuakakitangan dengan meningkatkan pengetahuan dan kebolehanmereka.

Berikutan itu, kakitangan berikut telah dihantar menghadirikursus latihan dan persidangan seperti diberikut:-

i. Ismail Ahmad, Pengurus Kanan (Hartanah) dan ZulkurnainSaaiddin, Pengurus (Bangunan & Operasi) menghadiri ‘TheInternational Conference on Energy Efficiency in Buildings’pada 16 - 17 Oktober 2002, di Hotel Nikko, Kuala Lumpur.

ii. Iskandar Zulkarnain Hussin, Pengurus (Kewangan danPentadbiran) dan Lee Chi Yen, Pembantu Akaun,menghadiri bengkel bertajuk ‘Financial Accounting andControl System for Estate and Mill Executives’ pada 30 dan31 Oktober 2002, di Hotel Pan Pacific, Kuala Lumpur.

iii. Lee Chi Yen, Pembantu Akaun, menghadiri ‘UBS CertificateCourse - Accounting’ pada 5 hingga 8 November 2002, diKuala Lumpur.

Kewangan Oleh kerana satu pakej kewangan yang sesuai sedang dalamproses disediakan antara LGM dan LGMPC, maka dalamtempoh tersebut, semua pendapatan masih dipegang oleh LGM.Justeru, LGMPC tidak ada pendapatan dalam tempohberkenaan selain dari faedah yang diperolehi dari simpanantetap dengan menggunakan ‘one-off grant’ sebanyak RM2 jutadari LGM.

Oleh yang demikian, dalam tempoh tersebut, Perbadananmemfokuskan kepada fungsi-fungsi pra-operasi,membelanjakan RM454,383 untuk tujuan tersebut. Lembaranimbangan yang telah diaudit dan penyata untung dan rugisehingga 31 Disember 2002 dinyatakan dalam penyatakewangan.

TrainingThe Corporation was conscious that all the LGMPC staff must beorientated to a commercial mindset in order to blend and movein tandem with the corporate world. Towards this end, staff wereexposed to suitable and appropriate workshops and trainingcourses. Additionally, there was the need to increase theprofessional standing of all staff by upgrading their knowledgeand skills.

Consequently, the following staff were sent to the trainingcourses and conference as listed:-

i. Ismail Ahmad, Senior Manager (Properties) & ZulkurnainSaaiddin, Manager (Buildings & Operations) attended theInternational Conference on Energy Efficiency in Buildings,16 - 17 October 2002 at Nikko Hotel, Kuala Lumpur.

ii. Iskandar Zulkarnain Hussin, Manager (Finance & Admin)& Lee Chi Yen, Accounts Assistant, attended the FinancialAccounting and Control System for Estate and MillExecutives, 30 - 31 October 2002 at Pan Pacific Hotel, KualaLumpur.

iii. Lee Chi Yen, Accounts Assistant, attended the UBSCertificate Course - Accounting, 5 - 8 November 2002, KualaLumpur.

FinanceAs a suitable financial package was in the process of beingformulated between MRB and LGMPC during the period, allfinancial income were still retained by MRB. Thus, LGMPC hadno income during that time other than some interests derivedfrom the fixed deposit using the RM2 million ‘one-off grant’ fromMRB.

During the period, therefore, the Corporation was focused on thepre-operational functions of the Corporation, spendingRM454,383 in the process. The audited balance sheet andstatement of profit and loss account as at 31 December 2002 areshown in the financial report.


23

Penyata KewanganFinancial Report


Senarai Eksekutif Pengurusan & Kakitangan SokonganManagement Executives & Supporting Staff Establishment

34

Dr Chan Heun Yin, J.S.M., B Agric Sc (UM), MSc (Cornell), PhD (UM), FMSA, FAIM

Ketua Pegawai Eksekutif/Chief Executive Officer

Tan Suee Gaik,Pembantu Peribadi kepada KPE/Personal Assistant to the CEO

Unit Perladangan/Plantations UnitHj Mohd Rusli Mohd Yusof, Diploma In Planting Industry Management, UiTM, MSc Planting Management (Cranfield, UK).

Pengurus Kanan/Senior Manager

Mat Ariffin Ibrahim, Pembantu Ladang Kanan/Senior Field Assistant

Ab Rahim Ibrahim, Pembantu Ladang Kanan/Senior Field Assistant

Hj Zahari Abd Rahman, Pembantu Ladang/Field Assistant

Maiden Hj Mohamed, Pembantu Ladang/Field Assistant

Ramli Abu Bakar, Pembantu Tadbir Kanan/Senior Administrative Assistant

Wan Hamimah Wan Mohamed, Pembantu Tadbir/Administrative Assistant

Amran Alias, Pengawal Keselamatan/Security Guard

Rashidi Abd Majid, Pengawal Keselamatan/Security Guard

Ab Ghani Talib, Pengawal Keselamatan/Security Guard

Mohd Azmi Hamat, Pengawal Keselamatan/Security Guard

Ibrahim Husin, Pemandu Ladang/Estate Driver

Unit Hartanah/Properties UnitIsmail Ahmad,Pengurus Kanan/Senior Manager

Zulkurnain Saaiddin, Dip Properties Valuation (UTM), BA Industrial Economics (UKM),

Pengurus (Bangunan dan Operasi)/ Manager (Buildings & Operations)

Masilamany Irudayan, Penjaga Jentera Elektrik/Chargeman

Abdul Hamid Hassan, Pembantu Penjaga Jentera Elektrik/Assistant Chargeman

Mohd Azman Ismail, Penolong Eksekutif Perhubungan Pelanggan/Assistant Customer Relations Executive

Nor Mas Hayati Che Mohd Yusof, Penolong Eksekutif Perhubungan Pelanggan/Assistant Customer Relations Executive

Abdullah Sani Hj Samsuri, Tukang Pelbagai/Handyman

Mohd Saad Hj Abd Rahman, Tukang Kebun/Gardener

Ahamad Sukor Mahawah, Pengawal Keselamatan/Security Guard

Dollah Mamat, Pengawal Keselamatan/Security Guard

Unit Kewangan dan Pentadbiran/Finance and Administration UnitIskandar Zulkarnain Hussin,Pengurus/Manager

Lee Chi Yen, Pembantu Akaun/Accounts Assistant

Norbaiti Abdullah, Pembantu Tadbir/Administrative Assistant

Thoraisami Nathan Arumugam, Pembantu Pejabat/Office Assistant

Veerapan C Kuppan, Pemandu/Pembantu Pejabat/Driver/Office Assistant


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