sabah, malaysia warta kerajaan · 2016-08-03 · jil. lxxi] [no. 29kota kinabalu, khamis, 28 julai...

Jil. LXXI] [No. 29KOTA KINABALU, KHAMIS, 28 JULAI 2016

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. 145 [No. JKM. PHB. 600-2/1/505/(29)

ORDINAN PENGAMBILAN TANAH

Bab 69

ARAHAN DI BAWAH SEKSYEN 5

Bahawasanya Yang di-Pertua Negeri berpendapat bahawa mana-mana tanah yangdisebut dalam Pemberitahuan Warta No. 138/2016 hendaklah diambil, tetapi pengisytiharanserta-merta bagi maksud itu adalah tidak mungkin dapat dibuat sehingga kerja-kerjapengukuran disiapkan; oleh yang demikian, pada menjalankan kuasa yang diberikan

Bab 69kepadanya oleh seksyen 5 Ordinan Pengambilan Tanah, Yang di-Pertua Negeridengan ini mengarahkan bahawa pegawai yang diberi kuasa boleh melakukan apa-

apa kerja di atas tanah yang berkaitan dengan penggunaannya yang bagi maksud itulahtanah itu dicadangkan untuk diambil, iaitu Menaik Taraf Jalan Dari Donggongon ke SimpangPapar Spur, Sabah (Pakej 2B).

Bertarikh di Kota Kinabalu, pada 28 Jun 2016.

Dengan Perintah Tuan Yang Terutama,

DATUK SERI PANGLIMA MUSA HJ. AMAN,Ketua Menteri Sabah.

WARTA KERAJAAN NEGERI SABAH 28 Julai 2016818

No. 146 [No. KKT&P: 400-14/2 Jld. 7 (214)

LAPORAN KETUA AUDIT NEGARA MENGENAI PENYATA KEWANGANLEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR

BAGI TAHUN BERAKHIR 31 DISEMBER 2014

Laporan Mengenai Penyata Kewangan

Penyata Kewangan Lembaga Pembangunan Perumahan dan Bandar dan Kumpulan bagitahun berakhir 31 Disember 2014 telah diaudit oleh wakil saya yang merangkumi LembaranImbangan pada 31 Disember 2014 dan Penyata Pendapatan, Penyata Perubahan DalamEkuiti serta Penyata Aliran Tunai bagi tahun berakhir pada tarikh tersebut, ringkasan polisiperakaunan yang signifikan dan nota penjelasan lain.

Tanggungjawab Lembaga Pengarah Terhadap Penyata Kewangan

Lembaga Pengarah bertanggungjawab terhadap penyediaan dan persembahan PenyataKewangan tersebut yang saksama selaras dengan piawaian pelaporan kewangan yangdiluluskan di Malaysia dan Enakmen LPPB No. 20 Tahun 1981. Lembaga Pengarah jugabertanggungjawab terhadap kawalan dalaman yang ditetapkan perlu oleh pengurusan bagimembolehkan penyediaan Penyata Kewangan yang bebas daripada salah nyata yang ketarasama ada disebabkan oleh fraud atau kesilapan.

Tanggungjawab Juruaudit

Tanggungjawab saya adalah memberi pendapat terhadap Penyata Kewangan tersebutberdasarkan pengauditan yang dijalankan. Pengauditan telah dilaksanakan mengikut AktaAudit 1957 dan piawaian pengauditan yang diluluskan di Malaysia. Piawaian tersebut

[No. JKM. PHB. 600-2/1/505/(29)

LAND ACQUISITION ORDINANCE

Cap. 69

DIRECTION UNDER SECTION 5

Whereas it appears to the Yang di-Pertua Negeri that any land referred to in GazetteNotification No. 138/2016 should be acquired, but that until surveying work is completed,it is not possible to make an immediate declaration to that effect; now, therefore, in

exercise of the powers conferred upon him by section 5 of the Land AcquisitionCap. 69

Ordinance, the Yang di-Pertua Negeri hereby directs that the authorised officersmay do any works on the land connected with the use, to which the land is intended to beput on its acquisition, to wit, the Upgrading of Road from Jalan Donggongon to JalanSimpang Papar Spur, Sabah (Pakej 2B).

Dated at Kota Kinabalu, this 28th day of June, 2016.

By His Excellency’s Command,

DATUK SERI PANGLIMA MUSA HJ. AMAN,Chief Minister of Sabah.

_______


menghendaki saya mematuhi keperluan etika serta merancang dan melaksanakanpengauditan untuk memperoleh jaminan yang munasabah sama ada Penyata Kewangantersebut bebas daripada salah nyata yang ketara.

Pengauditan meliputi pelaksanaan prosedur untuk memperoleh bukti audit mengenai amaundan pendedahan dalam Penyata Kewangan. Prosedur yang dipilih bergantung kepadapertimbangan juruaudit, termasuk penilaian risiko salah nyata yang ketara pada PenyataKewangan sama ada disebabkan oleh fraud atau kesilapan. Dalam membuat penilaian risikotersebut, juruaudit mempertimbangkan kawalan dalaman yang bersesuaian dengan entitidalam penyediaan dan persembahan Penyata Kewangan yang memberi gambaran yangbenar dan saksama bagi tujuan merangka prosedur pengauditan yang bersesuaian tetapibukan untuk menyatakan pendapat mengenai keberkesanan kawalan dalaman entiti tersebut.Pengauditan juga termasuk menilai kesesuaian polisi perakaunan yang diguna pakai dankemunasabahan anggaran perakaunan yang dibuat oleh pengurusan serta persembahanPenyata Kewangan secara menyeluruh.

Saya percaya bahawa bukti audit yang saya peroleh adalah mencukupi dan bersesuaianuntuk dijadikan asas bagi pendapat audit saya.

Pada pendapat saya, Penyata Kewangan ini memberikan gambaran yang benar dan saksamamengenai kedudukan kewangan Lembaga Pembangunan Perumahan dan Bandar danKumpulan pada 31 Disember 2014 dan prestasi kewangan serta aliran tunainya bagi tahunberakhir pada tarikh tersebut selaras dengan piawaian pelaporan kewangan yang diluluskandi Malaysia.

Saya telah mempertimbangkan Penyata Kewangan dan Laporan Juruaudit bagi semuasyarikat subsidiari yang tidak diaudit oleh saya seperti yang dinyatakan dalam nota kepadaPenyata Kewangan. Saya berpuas hati bahawa Penyata Kewangan berkenaan telah disatukandengan Penyata Kewangan Lembaga Pembangunan Perumahan dan Bandar dalam bentukdan kandungan yang sesuai dan wajar bagi tujuan penyediaan Penyata Kewangan. Sayajuga telah menerima maklumat dan penjelasan yang memuaskan sebagaimana yangdikehendaki bagi tujuan tersebut. Laporan Juruaudit mengenai Penyata Kewangan syarikatsubsidiari berkenaan tidak mengandungi sebarang pemerhatian yang boleh menjejaskanPenyata Kewangan.

Laporan Mengenai Keperluan Perundangan dan Peraturan Lain

Selaras dengan keperluan Akta Audit 1957, Akta Syarikat 1965, Enakmen LPPB No. 20/1981, Pekeliling Perbendaharaan dan Piawaian Pengauditan di Malaysia, saya turutmelaporkan bahawa pada pendapat saya:

i) Laporan Juruaudit bagi Penyata Kewangan syarikat subsidiari adalah bebas darisebarang pengecualian dan tidak mengandungi sebarang teguran yang dikehendaki dibawah Akta tersebut kecuali subsidiari berikut:

Perkara yang perlu ditekankan (Emphasis of Matter)Superpanel (Sabah) Sdn. Bhd.

PATIMAH BINTI RAMUJI,b.p. Ketua Audit Negara,

Malaysia.

Kota Kinabalu.

Bertarikh: 1 September 2015.


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 822 to 843 are drawn up soas to give a true and fair view of the state of affairs of the Authority as at 31st December,2014 and of the results of its operations and cash flows for the year ended on that date.

On behalf of the Board,

DATUK RUBIN BALANG

(Chairman)

HAJJAH ROSNANI BINTI ASMAT

(General Manager)

Kota Kinabalu.

Date: 15th June, 2015.



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 822 to843 are, to the best of my knowledge and belief, correct, and I make this solemn declarationconscientiously believing the same to be true and by virtue of the provisions of the StatutoryDeclarations Act, 1960.

Subscribed and solemnly declared bythe abovenamed CHIN SU ME at }Kota Kinabalu in the State of Sabah CHIN SU ME

on 15th June, 2015.

Before me,

DATUK CLAUDIUS ROMAN, J.P.,Pesuruhjaya Sumpah,

Malaysia.

Kota Kinabalu.



BALANCE SHEET AT 31ST DECEMBER, 2014

Note 2014 2013RM RM

PROPERTY, PLANT AND EQUIPMENT 3 11,780,425 12,342,385

INVESTMENTS IN SUBSIDIARIES ... 4 6,846,994 6,846,994

HOUSING DEBTORS ... ... ... 5 23,515,417 25,775,265

42,142,836 44,964,644

CURRENT ASSETS

Housing debtors ... ... ... 5 5,628,588 8,455,257

Inventories of unsold houses ... 6 6,105,758 6,948,526

Development properties ... ... 78,769,487 72,976,565

Other receivables, deposits andprepayments ... ... ... ... 7 22,557,405 23,515,818

Amount due from subsidiaries ... 8 2,410,160 3,048,879

Fixed deposits ... ... ... 9 58,804,944 50,089,368

Cash and bank balances ... ... 5,630,816 12,940,202

179,907,158 177,974,615

CURRENT LIABILITIES

Trade payables ... ... ... 10 4,856,838 6,417,986

Other payables and accruals ... 64,216,847 67,453,846

Provision ... ... ... ... 11 375,916 671,516

Housing deposits ... ... ... 26,200 104,326

State Government loans ... ... 12 13,593,078 12,589,262

Federal Government loans ... ... 13 22,686,482 21,308,183

Government trust funds ... ... 14 13,804,806 8,886,626

119,560,167 117,431,745

NET CURRENT ASSETS ... ... 60,346,991 60,542,870

102,489,827 105,507,514



BALANCE SHEET AT 31ST DECEMBER, 2014 - (cont.)

Note 2014 2013RM RM

FINANCED BY:

ACCUMULATED FUNDS ... ... 82,417,883 80,166,783

LONG TERM AND DEFERRED

LIABILITIES

State Government loans ... ... 12 12,468,605 12,955,013

Federal Government loans ... ... 13 7,603,339 12,385,718

20,071,944 25,340,731

102,489,827 105,507,514

The financial statement were approved and authorised for issue by the Board Members on15th June, 2015.

The notes set out on pages 828 to 843 form an integral part of, and should be read inconjunction with, these financial statements.


REVENUE ... ... ... ... ... 15 14,548,551 22,321,649

Cost of sales ... ... ... ... - -

GROSS PROFIT ... ... ... ... 14,548,551 22,321,649

Other operating income ... ... 8,321,220 8,426,237

Administrative expenses ... ... (22,230,433) (27,255,369)

OPERATING PROFIT ... ... ... 16 639,338 3,492,517

Interest income ... ... ... ... 2,682,486 2,423,543

Interest expense ... ... ... (971,045) (1,199,480)

PROFIT BEFORE TAXATION ... ... 2,350,779 4,716,580

Tax expense ... ... ... ... 17 (99,679) (249,161)

NET PROFIT OF THE YEAR ... ... 2,251,100 4,467,419


INCOME STATEMENT FOR THE YEAR ENDED 31ST DECEMBER, 2014

Note 2014 2013RM RM




STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED

31ST DECEMBER, 2014

Accumulated funds

RM

At 1st January 2013 ... ... ... ... ... 75,699,364

Net profit for the year ... ... ... ... 4,467,419

At 31st December 2013 ... ... ... ... ... 80,166,783

Net profit for the year ... ... ... ... ... 2,251,100

At 31st December 2014 ... ... ... ... ... 82,417,883



CASH FLOWS FROM OPERATING ACTIVITIES

Profit before taxation ... ... ... ... ... 2,350,779 4,716,580Adjustments for:

Allowance for doubtful debts ... ... ... 2,234,694 -Depreciation ... ... ... ... ... ... 980,767 1,102,663Diminution in value of investment ... - 570,695Interest expense ... ... ... ... ... 971,045 1,199,480Loss in disposal of property, plant and equipment - 252,720Gain on disposal of property, plant and equipment (127,999) (66,249)Interest income ... ... ... ... ... (2,682,486) (2,423,543)Government loan converted to grant ... ... (2,781,113) (2,000,000)

Operating profit before working capital changes 945,687 3,352,346(Increase)/Decrease in working capital:

Housing debtors ... ... ... ... ... 5,086,517 4,328,002Inventories of unsold houses ... ... ... 842,767 2,643,773Development properties ... ... ... ... (5,792,922) (13,204,280)Trade and other receivables ... ... ... (618,001) (649,379)Amount due from subsidiaries ... ... ... (119,240) (218,051)Trade and other payables ... ... ... (6,188,465) 8,291,471

Cash generated from/(used in) operations ... ... (5,843,657) 4,543,882

Interest paid ... ... ... ... ... ... (60,010) (64,299)Income tax paid ... ... ... ... ... - (350,000)

N E T C A S H G E N E R A T E D F R O M/(U S E D I N)OPERATING ACTIVITIES ... ... ... ... (5,903,667) 4,129,583

CASH FLOWS FROM INVESTING ACTIVITIES

Interest received ... ... ... ... ... 2,682,486 2,423,543

Proceeds from disposal of property, plant andequipment ... ... ... ... ... ... 128,000 290,890

Purchase of property, plant and equipment ... (418,808) (1,544,525)

CASH GENERATED FROM INVESTING ACTIVITIES 2,391,678 1,169,908


CASH FLOW STATEMENT FOR THE YEAR ENDED

31ST DECEMBER, 2014

2014 2013RM RM


CASH FLOWS FROM FINANCING ACTIVITIES

Drawdown of Government trust funds ... 4,918,179 (4,890,567)

C A S H G E N E R A T E D F R O M /(U S E D I N )FINANCING ACTIVITIES ... ... ... ... 4,918,179 (4,890,567)

NET INCREASE IN CASH AND CASH ... ... 1,406,190 408,924

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 ... ... ... 57,029,570 56,620,646

CASH AND CASH EQUIVALENTS AT END OFTHE YEAR ... ... ... ... ... ... 58,435,760 57,029,570

CASH AND CASH EQUIVALENTS COMPRISE:Cash and bank balances ... ... ... ... 5,630,816 12,940,202

Fixed deposits ... ... ... ... ... 58,804,944 50,089,368

Less: Deposits pledged ... ... ... ... (6,000,000) (6,000,000)

52,804,944 44,089,368

58,435,760 57,029,570


CASH FLOW STATEMENT FOR THE YEAR ENDED

31ST DECEMBER, 2014 - (cont.)

2014 2013RM RM




NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2014

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 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.


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.


NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2014 - (cont.)

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (cont.)


(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) 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.

(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.





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- 31

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, the

ir p

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of C

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ivit

ies

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rpor

atio

nIn

tere

sts

2014

2013

%%

Kua

la M

engg

atal

Prop

erty

Dev

elop

men

tM

alay

sia

9595

Dev

elop

men

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n Sd

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stru

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t

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h) S

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ldin

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es f

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ren

tal,

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rov

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n o

f co

ntr

act

wo

rks

and

rela

ted

serv

ices

and

insu

ranc

e ag

ency

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MB

AG

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EM

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UN

AN

PE

RU

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HA

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(Hou

sing

and

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n D

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ent

Aut

hori

ty)

NO

TE

S T

O T

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INA

NC

IAL

ST

AT

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TS

- 31

ST D

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EM

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R, 2

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- (co

nt.)

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EN

TS

IN S

UB

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IAR

IES

- (co

nt.)


5.H

OU

SIN

G D

EB

TO

RS

2014

2013

Non

-Cur

rent

RM

RM

Low

cos

t hou

sing

......

......

......

......

......

......

10,5

30,3

7611

,768

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cos

t sho

phou

ses

......

......

......

......

......

...55

3,71

460

6,83

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omm

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al h

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ng...

......

......

......

......

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7,41

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17,

994,

366

Com

mer

cial

sho

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ses

......

......

......

......

......

685,

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867,

640

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dom

iniu

m f

lats

......

......

......

......

......

...4,

333,

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1725

,775

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rent

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cos

t hou

sing

......

......

......

......

......

......

5,62

8,58

88,

455,

257

RM

29,1

44,0

05R

M34

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,522

6.I N

VE

NT

OR

IES

OF

UN

SOL

D H

OU

SE

S

Inve

ntor

ies

of u

nsol

d ho

uses

of

RM

1,39

8,40

0 (2

013:

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2,30

0) a

re c

arri

ed a

t net

rea

lisab

le v

alue

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7.O

TH

ER

RE

CE

IVA

BL

ES,

DE

POSI

TS

AN

D P

RE

PAY

ME

NT

S

2014

2013

RM

RM

Oth

er r

ecei

vabl

es, d

epos

its a

nd p

repa

ymen

ts...

......

......

......

34,3

98,1

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,879

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Les

s: A

llow

ance

for

dou

btfu

l deb

ts...

......

......

......

......

(11,

840,

698)

(10,

363,

963)

RM

22,5

57,4

05R

M23

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Incl

uded

in o

ther

rece

ivab

les,

dep

osits

and

pre

paym

ents

of t

he A

utho

rity

are

loan

s to

empl

oyee

s am

ount

ing

to R

M N

il (2

013)

: RM

96,7

98).

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EM

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PE

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hori

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O T

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INA

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AT

EM

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TS

- 31

ST D

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EM

BE

R, 2

014

- (co

nt.)


LE

MB

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INA

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AT

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TS

- 31

ST D

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BE

R, 2

014

- (co

nt.)

8.A

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UN

T D

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RO

M S

UB

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IAR

IES

2014

2013

RM

RM

Am

ount

due

fro

m s

ubsi

diar

ies

......

......

......

......

...3,

168,

119

3,04

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9

Les

s: A

llow

ance

for

dou

btfu

l deb

ts...

......

......

......

......

(757

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am

ount

due

fro

m s

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diar

ies

is u

nsec

ured

, int

eres

t fre

e an

d re

paya

ble

on d

eman

d.

9.F I

XE

D D

EPO

SIT

S20

1420

13R

MR

M

Dep

osits

are

pla

ced

with

lice

nsed

ban

ks...

......

......

......

...58

,804

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50,0

89,3

68

Incl

uded

in th

e fi

xed

depo

sits

is a

n am

ount

of

RM

6,00

0,00

0 (2

013:

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6,00

0,00

0) o

f th

e A

utho

rity

hel

d on

lien

by

a lic

ense

d ba

nkfo

r th

e ov

erdr

aft f

acil

itie

s of

the

Aut

hori

ty.

10.

TR

AD

E P

AY

AB

LE

S

Incl

uded

in tr

ade

paya

bles

of

the

Aut

hori

ty is

ret

entio

n su

m o

f R

M4,

291,

517

(201

3: R

M4,

495,

724)

.


LE

MB

AG

A P

EM

BA

NG

UN

AN

PE

RU

MA

HA

N D

AN

BA

ND

AR

(Hou

sing

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n D

evel

opm

ent

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hori

ty)

NO

TE

S T

O T

HE F

INA

NC

IAL

ST

AT

EM

EN

TS

- 31

ST D

EC

EM

BE

R, 2

014

- (co

nt.)

11.

P RO

VIS

ION

2014

2013

Rep

air

and

mai

nten

ance

RM

RM

Bal

ance

at 1

st J

anua

ry, 2

014

......

......

......

......

...67

1,51

61,

474,

872

Prov

isio

n m

ade

duri

ng th

e ye

ar...

......

......

......

......

--

Prov

isio

n us

ed d

urin

g th

e ye

ar...

......

......

......

......

(3,5

35)

(272

,989

)

Prov

isio

n re

vers

ed d

urin

g th

e ye

ar...

......

......

......

......

(292

,065

)(5

30,3

67)

Bal

ance

at 3

1st D

ecem

ber,

201

4...

......

......

......

......

RM

375,

916

RM

671,

516

12.

S TA

TE

GO

VE

RN

ME

NT

LO

AN

S

2014

2013

RM

RM

Stat

e G

over

nmen

t loa

ns -

uns

ecur

edC

urre

nt...

......

......

......

......

......

...13

,593

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12,5

89,2

62N

on-c

urre

nt...

......

......

......

......

......

...12

,468

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12,9

55,0

13

RM

26,0

61,6

83R

M25

,544

,275


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

2014

Uns

ecur

ed S

tate

Gov

ernm

ent l

oans

-fi

xed

rate

4%

......

......

RM

26,0

61,6

83R

M13

,593

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RM

505,

865

RM

1,64

2,27

2R

M10

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,468

2013

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ecur

ed S

tate

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ernm

ent l

oans

- f

ixed

rat

e 4%

......

......

RM

25,5

44,2

75R

M12

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RM

486,

408

RM

1,57

9,10

8R

M10

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Stat

e G

over

nmen

t ha

s ag

reed

to

conv

ert

the

gove

rnm

ent

loan

to

gran

t am

ount

ing

to R

M23

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. A

n am

ount

of

RM

2,78

1,11

3(2

013:

RM

2,00

0,00

0) h

as b

een

conv

erte

d du

ring

the

fina

ncia

l yea

r.

13.

F ED

ER

AL

GO

VE

RN

ME

NT

LO

AN

S

2014

2013

RM

RM

Fede

ral G

over

nmen

t loa

ns -

unse

cure

dC

urre

nt...

......

......

......

......

......

...22

,686

,482

21,3

08,1

83N

on-c

urre

nt...

......

......

......

......

......

...7,

603,

339

12,3

85,7

18

RM

30,2

89,8

21R

M33

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,901

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

- 31

ST D

EC

EM

BE

R, 2

014

- (co

nt.)


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MB

AG

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EM

BA

NG

UN

AN

PE

RU

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AN

BA

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ty)

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TE

S T

O T

HE F

INA

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ST

AT

EM

EN

TS

- 31

ST D

EC

EM

BE

R, 2

014

- (co

nt.)

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 f

or a

ll ot

her

hous

ing

proj

ects

......

......

...4.

0% p

er a

nnum

Und

er1

to 2

2 to

5O

ver

5T

otal

1 ye

arye

ars

year

sye

ars

RM

RM

RM

RM

RM

2014

Uns

ecur

ed F

eder

al G

over

nmen

t Loa

ns...

RM

30,2

89,8

21R

M22

,686

,482

RM

513,

368

RM

1,71

0,42

2R

M5,

379,

549

2013

Uns

ecur

ed F

eder

al G

over

nmen

t Loa

ns...

RM

33,6

93,9

01R

M21

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,183

RM

644,

297

RM

2,13

2,42

2R

M9,

608,

999

14.

GO

VE

RN

ME

NT

TR

UST

FU

ND

S20

1420

13R

MR

M

Stat

e Fu

nd f

or N

ew T

owns

hip

......

......

......

......

...25

2,39

921

2,11

5St

ate

Gov

ernm

ent S

ubsi

dies

Fun

d...

......

......

......

......

2,10

2,60

12,

102,

601

Stat

e G

over

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t Age

ncy

Fund

s...

......

......

......

......

2,64

8,29

62,

743,

155

Stat

e R

evol

ving

Fun

d (S

PP)

......

......

......

......

......

8,80

1,51

03,

828,

755

RM

13,8

04,8

06R

M8,

886,

626


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

- 31

ST D

EC

EM

BE

R, 2

014

- (co

nt.)

15.

RE

VE

NU

E20

1420

13R

MR

M

Pro

fit f

rom

pri

vati

sed

proj

ects

......

......

......

......

...12

,693

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22,2

03,9

95Pr

ofit

fro

m s

ales

of

com

plet

ed p

rope

rtie

s...

......

......

......

...1,

855,

524

117,

654

RM

14,5

48,5

51R

M22

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AT

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PR

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13R

MR

MO

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...

......

......

...12

7,99

966

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Man

agem

ent f

ees

......

......

......

......

......

...66

5,32

985

9,71

6R

enta

l inc

ome

......

......

......

......

......

......

3,85

3,95

53,

836,

573

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ernm

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oan

conv

erte

d to

gra

nt...

......

......

......

...2,

781,

113

2,00

0,00

0

and

afte

r ch

argi

ng:

Aud

itor

s’ r

emun

erat

ion.

.....

......

......

......

......

...21

,435

21,4

35A

llow

ance

for

dou

btfu

l deb

ts...

......

......

......

......

2,23

4,69

4-

Boa

rd m

embe

rs’

rem

uner

atio

n-

emol

umen

ts...

......

......

......

......

......

...38

9,25

632

6,61

0-

stud

y to

ur...

......

......

......

......

......

...23

,240

96,6

68D

epre

ciat

ion

......

......

......

......

......

......

980,

767

1,10

2,66

3D

imin

utio

n in

val

ue o

f in

vest

men

t...

......

......

......

...-

570,

695

Los

s on

sal

e of

mot

or v

ehic

le...

......

......

......

......

-25

2,72

0


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

- 31

ST D

EC

EM

BE

R, 2

014

- (co

nt.)

17.

TA

X E

XPE

NSE

2014

2013

RM

RM

Cur

rent

Tax

Exp

ense

......

......

......

......

......

...99

,679

249,

161

Tax

atio

n un

der

prov

ided

in p

rior

yea

rs...

......

......

......

...-

-

99,6

7924

9,16

1

Rec

onci

liat

ion

of e

ffec

tive

tax

rate

:

Pro

fit b

efor

e ta

xati

on...

......

......

......

......

......

2,35

0,77

94,

716,

580

Inco

me

tax

usin

g M

alay

sia

tax

rate

......

......

......

......

...58

7,69

51,

179,

145

Tax

exe

mpt

inco

me

......

......

......

......

......

...(1

,261

,765

)(1

,452

,234

)

Non

-ded

ucti

ble

expe

nses

- o

ther

s...

......

......

......

......

773,

749

607,

287

Una

bsor

bed

capi

tal a

llow

ance

now

util

ised

......

......

......

...-

(85,

037)

99,6

7924

9,16

1T

axat

ion

unde

r pr

ovid

ed in

pri

or y

ears

......

......

......

......

--

Tax

exp

ense

......

......

......

......

......

......

99,6

7924

9,16

1


18.

EM

PLO

YE

ES

INFO

RM

AT

ION

2014

2013

RM

RM

Sta

ff C

osts

......

......

......

......

......

......

12,8

92,5

7311

,732

,153

Incl

uded

in s

taff

cos

ts o

f the

Aut

hori

ty is

Em

ploy

ees

Prov

iden

t Fun

d an

d ot

her r

etir

emen

t ben

efits

of R

M1,

191,

379

(201

3: R

M1,

178,

076)

.

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

76 (

2013

: 176

) 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

M15

2,60

3,78

2 (2

013:

RM

145,

443,

437)

.

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

- 31

ST D

EC

EM

BE

R, 2

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Lampiran A


STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED31ST DECEMBER, 2014

2014 2013RM RM

INCOME

RevenueProfit from privatised projects ... ... ... ... 12,693,027 22,203,995Profit from developed properties ... ... ... 1,855,524 117,654

14,548,551 22,321,649

Other Operating IncomeGain on disposal of property, plant and equipment 127,999 66,249Management fees ... ... ... ... ... ... 665,329 859,716Other income ... ... ... ... ... ... ... 892,824 1,663,699Rental income ... ... ... ... ... ... 3,853,955 3,836,573Government loan converted to grant ... ... ... 2,781,113 2,000,000

8,321,220 8,426,237

Interest IncomeInterest charged to housing debtors ... ... ... 939,663 886,567Interest on advances/loans to contractors ... ... - -Interest on fixed deposits and current accounts ... 1,742,823 1,536,976

2,682,486 2,423,543

25,552,257 33,171,429

LESS: EXPENDITURE

Administrative Expenses

Staff Costs

Education ... ... ... ... ... ... ... 64,791 60,379Employees’ Provident Fund contributions ... ... 590,130 611,353Medical expenses (Board and Staff) ... ... ... 658,589 673,636Others ... ... ... ... ... ... ... ... 3,381 6,639Pension ... ... ... ... ... ... ... ... 601,249 566,723Petrol and meal allowance... ... ... ... ... 236,654 181,880Salaries, allowance, overtime and bonus ... ... 10,613,505 9,573,105SOCSO contributions ... ... ... ... ... 40,478 25,495Welfare and recreation ... ... ... ... ... 83,886 32,943

12,892,573 11,732,153


Lampiran A


STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED31ST DECEMBER, 2014 - (cont.)

2014 2013RM RM

Depreciation

Buildings ... ... ... ... ... ... ... 179,732 179,732Long term leasehold land ... ... ... ... ... 91,675 91,675Motor vehicles ... ... ... ... ... ... 369,163 425,234Office furniture, fittings, equipment and renovation ... 340,197 406,022

980,767 1,102,663

Other Operating Expenses

Advertising and promotion ... ... ... ... 6,043 5,436Auditors’ remuneration ... ... ... ... ... 21,435 21,435Allowance for doubtful debts ... ... ... ... 2,234,694 -Bank charges ... ... ... ... ... ... ... 5,024 3,492Board members’ remuneration- emoluments ... ... ... ... ... ... 389,256 326,610- study tour ... ... ... ... ... ... ... 23,240 96,668Diminution in value of investment ... ... ... - 570,695 -Electricity and water ... ... ... ... ... 54,843 54,765Insurance ... ... ... ... ... ... ... 219,137 234,483Land premium and other charges ... ... ... 261,196 6,170,815Loss on sales of motor vehicle ... ... ... ... - 252,720Other administrative and establishment expenses ... 1,054,325 2,825,124Printing and stationery ... ... ... ... ... 110,151 151,271Professional and consultancy fee ... ... ... 194,012 254,543Repair and maintenance- general housing ... ... ... ... ... ... 2,731,014 2,578,181- motor vehicle ... ... ... ... ... ... 119,210 128,226- office, furniture and equipment ... ... ... 325,878 325,573Telephone and postage ... ... ... ... ... 70,332 85,970Travelling and accommodation ... ... ... ... 404,664 246,009Vehicle running expenses ... ... ... ... ... 132,639 88,537

8,357,093 14,420,553

22,230,433 27,255,369


Interest Expense

Interest on State and Federal loans ... ... ... 911,035 1,135,181Interest on bank overdraft ... ... ... ... ... 60,010 64,299

971,045 1,199,480

Tax Expense ... ... ... ... ... ... ... 99,679 249,161

23,301,157 28,704,010

Net profit for the year... ... ... ... ... ... RM2,251,100 RM4,467,419

Lampiran A


STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED31ST DECEMBER, 2014 - (cont.)

2014 2013RM RM



AND ITS SUBSIDIARIES

STATEMENT BY THE CHAIRMAN AND GENERAL MANAGER

In our opinion, the financial statements set out on pages 849 to 885 are drawn up soas to give a true and fair view of the state of affairs of the Authority as at 31st December,2014 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

(General Manager)

Kota Kinabalu.

Date: 17th August, 2015.




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 849 to885 are, to the best of my knowledge and belief, correct, and I make this solemn declarationconscientiously believing the same to be true and by virtue of the provisions of the StatutoryDeclarations Act, 1960.

Subscribed and solemnly declared bythe abovenamed CHIN SU ME at }Kota Kinabalu in the State of Sabah CHIN SU ME

on 17th August, 2015.

Before me,

DATUK CLAUDIUS ROMAN, J.P.,Pesuruhjaya Sumpah,

Malaysia.

Kota Kinabalu.


PROPERTY, PLANTAND EQUIPMENT 3 18,437,772 19,232,987 11,780,425 12,342,385

INVESTMENTS INSUBSIDIARIES ... 4 - - 6,846,994 6,846,994

LAND HELD FOR PROPERTYDEVELOPMENT ... 5 2,202,944 2,202,944 - -

HOUSING DEBTORS 6 23,515,417 25,775,265 23,515,417 25,775,265

44,156,133 47,211,196 42,142,836 44,964,644

CURRENT ASSETS

Housing debtors 6 5,628,588 8,455,257 5,628,588 8,455,257

Inventories ofunsold houses ... 7 6,105,758 6,948,526 6,105,758 6,948,526

Developmentproperties ... 78,769,487 72,976,565 78,769,487 72,976,565

Trade receivables 8 4,932,403 4,649,527 - -

Other receivables,deposits andrepayments ... 9 24,168,804 25,863,668 22,557,405 23,515,818

Amount due fromsubsidiaries ... 10 - - 2,410,160 3,048,879

Amount due from a contract customer ... 11 2,031,311 2,143,415 - -

Amount due from director ... 12 3,476 11,476 - -

Tax recoverable 29,267 13,139 - -

Fixed deposits 13 60,533,216 50,289,368 58,804,944 50,089,368

Cash and bank balances ... 6,021,304 15,172,818 5,630,816 12,940,202

188,223,614 186,523,759 179,907,158 177,974,615



BALANCE SHEET AT 31ST DECEMBER, 2014

Group Authority

Note 2014 2013 2014 2013RM RM RM RM


CURRENT LIABILITIES

Trade payables ... 14 8,632,902 10,107,972 4,856,838 6,417,986

Other payables andaccruals... ... 71,241,906 73,367,338 64,216,847 67,453,846

Amount due tocontract custo-mers ... ... 11 804,339 804,339 - -

Amount due to adirector ... 12 10,388 10,000 - -

Provision... ... 15 375,916 671,516 375,916 671,516

Housing deposits 26,200 104,326 26,200 104,326

Bank overdrafts ... 16 273,086 192,641 - -

Hire purchase lia-bilities... ... 17 - 33,929 - -

State Governmentloans ... ... 18 13,593,078 12,589,262 13,593,078 12,589,262

Federal Governmentloans ... ... 19 22,686,482 21,308,183 22,686,482 21,308,183

Government trustfunds ... ... 20 13,804,806 8,886,626 13,804,806 8,886,626

Taxation... ... 261,189 461,189 - -

131,710,292 128,537,321 119,560,167 117,431,745

NET CURRENT ASSETS 56,513,322 57,986,438 60,346,991 60,542,870

100,669,455 105,197,634 102,489,827 105,507,514

FINANCED BY:

ACCUMULATED FUNDS 80,650,170 79,767,510 82,417,883 80,166,783




Group Authority

Note 2014 2013 2014 2013RM RM RM RM


MINORITY S HARE-

HOLDERS’ INTEREST 21 (52,659) (36,331) - -

L O N G T E R M A N D

DEFERRED LIABILITIES

Hire PurchaseLiabilities ... 17 - 125,724 - -

State Governmentloans ... ... 18 12,468,605 12,955,013 12,468,605 12,955,013

Federal Governmentloans ... ... 19 7,603,339 12,385,718 7,603,339 12,385,718

20,071,944 25,466,455 20,071,944 25,340,731

100,669,455 105,197,634 102,489,827 105,506,514

The financial statement were approved and authorised for issue by the Board Members on17th August, 2015.





Group Authority

Note 2014 2013 2014 2013RM RM RM RM


REVENUE ... ... 22 35,707,719 29,407,877 14,548,551 22,321,649

Cost of sales ... (20,833,085) (6,759,709) - -

GROSS PROFIT ... 14,874,634 22,648,168 14,548,551 22,321,649

Other opera t ingincome ... ... 8,439,357 8,865,633 8,321,220 8,426,237

Administrativeexpenses... ... (24,046,641) (28,801,397) (22,230,433) (27,255,369)

OPERATING PROFIT/(LOSS) ... ... 23 (732,650) 2,712,404 639,338 3,492,517

Finance Cost ... - - - -

Interest income ... 2,682,499 2,423,543 2,682,486 2,423,543

Interest expense ... (983,838) (1,218,991) (971,045) (1,199,480)

PROFIT BEFORETAXATION 966,011 3,916,956 2,350,779 4,716,580

Tax expense ... 24 (99,679) (249,161) (99,679) (249,161)

PROFIT AFTERTAXATION ... 866,332 3,667,795 2,251,100 4,467,419

Minority interests 16,328 30,023 - -

NET PROFIT OF THEYEAR ... ... 882,660 3,697,818 2,251,100 4,467,419



INCOME STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2014


Group Authority

Note 2014 2013 2014 2013RM RM RM RM




CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED

31ST DECEMBER, 2014

Group Accumulated fundsRM

At 1st January, 2013 ... ... ... ... ... 76,069,692


At 31st December, 2013 ... ... ... ... 79,767,510

Net profit for the year ... ... ... ... ... 882,660

At 31st December, 2014... ... ... ... ... 80,650,170

STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED

31ST DECEMBER, 2014

Authority Accumulated funds

RM

At 1st January, 2013 ... ... ... ... ... 75,699,364


At 31st December, 2013... ... ... ... ... 80,166,783


At 31st December, 2014... ... ... ... ... 82,417,883

The notes set out on pages 857to 885 form an integral part of, and should be read inconjunction with, these financial statements.


CA S H F L O W S F R O MOPERATING ACTIVITIES

Profit before taxation 966,011 3,916,956 2,350,779 4,716,580Adjustments for:

Allowance for bad and doubtful debts ... 2,234,694 - 2,234,694 -Depreciation ... 1,033,624 1,253,545 980,767 1,102,663Diminution in value of investment ... - 570,695 - 570,695Interest expense ... 983,838 1,218,991 971,045 1,199,480

Property, plant andequipment written off 8,025 2,944 - -

Loss on disposal of property, plant and equipment... ... 28,506 252,720 - 252,720

Gain on disposal of property, plant and equipment ... ... (151,436) (92,709) (127,999) (66,249)

G o v e r n m e n t l o a n converted to grant... (2,781,113) (2,000,000) (2,682,486) (2,000,000)

Interest income ... (2,741,199) (2,463,739) (2,781,113) (2,423,543)

Operating profit/lossbefore working capitalchanges ... ... (419,050) 2,659,403 945,687 3,352,346

(Increase)/Decreasein working capital:Land help for property development ... - - - -Housing debtors ... 5,086,517 4,328,002 5,086,517 4,328,002Inventories of unsold

houses ... ... 842,767 2,643,773 842,767 2,643,773Development properties ... ... (5,792,922) (13,204,280) (5,792,922) (13,204,280)



CASH FLOW STATEMENTS FOR THE YEAR ENDED

31ST DECEMBER, 2014

Group Authority

2014 2013 2014 2013RM RM RM RM


Amount due from a contract customers - - - -Amount due from a subsidiaries... ... - - (119,240) (218,051)T r a d e a n d o t h e r

receivables ... (164,426) 2,840,566 (618,001) (649,379)A m o u n t d u e t o a

contract customers 112,104 (151,438) - -Trade and other pay-

ables... ... ... (5,740,391) 7,234,578 (6,188,465) 8,291,471

Cash used in fromoperations ... ... (6,075,401) 6,350,604 (5,843,657) 4,543,882

Interest paid ... ... (84,719) (83,810) (60,010) (64,299)Income tax paid ... (200,000) (401,223) - (350,000)

NET CASH GENERATEDIN O P E R A T I N G

ACTIVITIES ... ... (6,360,120) 5,865,571 (5,903,667) 4,129,583

C A S H F L O W S F R O MINVESTING ACTIVITIES

Interest received ... 2,741,199 2,463,739 2,682,486 2,423,543

Proceeds from disposalof property, plant andequipment ... ... 311,624 326,390 128,000 290,890

Purchase of property,plant and equipment (435,128) (1,574,095) (418,808) (1,544,525)

NET CASH GENERATEDFROM INVESTINGACTIVITIES ... 2,617,695 1,216,034 2,391,678 1,169,908

C ASH F LOWS FROMFINANCING ACTIVITIES

Interest paid ... ... (4,212) - - -

Withdrawal of pledgefixed deposit ... - 650,000 - -

Drawdown of Govern-ment trust funds ... 4,918,179 - 4,918,179 -



CASH FLOW STATEMENTS FOR THE YEAR ENDED31ST DECEMBER, 2014 - (cont.)

Group Authority

2014 2013 2014 2013RM RM RM RM


Repayment of Gover-nment trust funds ... - (4,890,567) - (4,890,567)

Repayment of hirepurchase ... ... (159,653) (20,347) - -

NET CASH GENERATED FROM FINANCINGACTIVITIES ... ... 4,754,314 (4,260,914) 4,918,179 (4,890,567)

NET INCREASE IN CASHAND CASH EQUIVA-LENTS ... ... 1,011,889 2,820,691 1,406,190 408,924

CASH AND CASHEQUIV A L E N T S A TBEGINNING OF THEYEAR ... ... ... 59,069,545 56,248,854 57,029,570 56,620,646

CASH AND CASHEQUIVALENTS AT ENDOF THE YEAR ... ... 60,081,434 59,069,545 58,435,760 57,029,570

C A S H A N D C A S HEQUIVALENTSCOMPRISE:C a s h a n d b a n k balances ... ... 6,021,304 15,172,818 5,630,816 12,940,202

Fixed deposits ... 60,533,216 50,289,368 58,804,944 50,089,368

Less: Deposits pledged (6,200,000) (6,200,000) (6,000,000) (6,000,000)

54,333,216 44,089,368 52,804,944 44,089,368

Bank overdrafts ... (273,086) (192,641) - -

60,081,434 59,069,545 58,435,760 57,029,570



CASH FLOW STATEMENTS FOR THE YEAR ENDED

31ST DECEMBER, 2014 - (cont.)


Group Authority

2014 2013 2014 2013RM RM RM RM




NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2014

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 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.


Surpluses arising from revaluation are dealt with in the property revaluation reserveaccount. Any deficit arising is offset against the revaluation reserve to the extent of aprevious increase for the same property. In all other cases, a decrease in carrying amountis charged to the income statement.

Property, plant and equipment retired from active use and held for disposal arestated at the carrying amount at the date when the asset is retired from active use,less impairment 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.






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 propertiesInvestment 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 developmentunits sold against total saleable value and is calculated based on the Group’sand Authority’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 percent-age of completion method measured by reference to the percentage of con-tract costs 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.

(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.

(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 activi-ties are not expected to be completed within the Company’s normal operating cycleof 2 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 the ac-quisition 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.

(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 customers

Amount 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.






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sits

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amou

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200,

000

(201

3: R

M20

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

ban

kgu

aran

tee

faci

litie

s gr

ante

d to

the

subs

idia

ries

(se

e N

ote

16).

(b)

An

amou

nt o

f R

M6,

000,

000

(201

3: R

M6,

000,

000)

of

the

Gro

up a

nd o

f th

e A

utho

rity

hel

d on

lien

by

a lic

ense

d ba

nk f

or th

eov

erdr

aft f

acili

ties

to th

e A

utho

rity

.

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)

AN

D I

TS

SUB

SID

IAR

IES

NO

TE

S T

O T

HE F

INA

NC

IAL

ST

AT

EM

EN

TS

- 31

ST D

EC

EM

BE

R, 2

014

- (co

nt.)

2014

2013

2014

2013

RM

RM

RM

RM

Gro

up

A

utho

rity


14.

TR

AD

E P

AY

AB

LE

S

Gro

up a

nd A

utho

rity

Incl

uded

in tr

ade

paya

bles

of t

he G

roup

and

of t

he A

utho

rity

is re

tent

ion

sum

of R

M6,

562,

909

(201

3: R

M6,

562,

909)

and

RM

4,29

1,51

7(2

013:

RM

4,49

5,72

4) r

espe

ctiv

ely.

15.

P RO

VIS

ION

Gro

up a

nd A

utho

rity

Rep

air

and

mai

nten

ance

2014

2013

RM

RM

Bal

ance

at 1

Jan

uary

......

......

......

......

......

671,

516

1,47

4,87

2Pr

ovis

ion

mad

e du

ring

the

year

......

......

......

......

...-

-Pr

ovis

ion

used

dur

ing

the

year

......

......

......

......

...(3

,535

)(2

72,9

89)

Prov

isio

n re

vers

ed d

urin

g th

e ye

ar...

......

......

......

...(2

92,0

65)

(530

,367

)

Bal

ance

at 3

1 D

ecem

ber

......

......

......

......

......

375,

916

671,

516

16.

BA

NK

OV

ER

DR

AF

T

The

ban

k ov

erdr

aft o

f the

Gro

up b

ears

inte

rest

rate

at 1

% (2

013:

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

M20

0,00

0 (2

013:

RM

200,

000

held

on

lien

by a

lice

nsed

ban

k (s

ee N

ote

13).

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)

AN

D I

TS

SUB

SID

IAR

IES

NO

TE

S T

O T

HE F

INA

NC

IAL

ST

AT

EM

EN

TS

- 31

ST D

EC

EM

BE

R, 2

014

- (co

nt.)


17.

HIR

E P

UR

CH

AS

E L

IAB

ILIT

IES

Min

imum

hir

e pu

rcha

se p

aym

ents

:G

roup

2014

2013

RM

RM

Paya

ble

wit

hin

one

year

......

......

......

......

......

-40

,212

Paya

ble

betw

een

one

and

five

yea

rs...

......

......

......

...-

137,

342

-17

7,55

4

Les

s: F

utur

e ch

arge

s...

......

......

......

......

...-

17,9

01

-15

9,65

3

Rep

rese

ntin

g hi

re p

urch

ase

liabi

lity:

Cur

rent

......

......

......

......

......

......

-33

,929

Non

-cur

rent

......

......

......

......

......

...-

125,

724

-15

9,65

3

The

hir

e pu

rcha

se f

acili

ties

of th

e G

roup

has

eff

ectiv

e in

tere

st r

ate

of N

il (2

013

: 2.3

4%)

per

annu

m.

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)

AN

D I

TS

SUB

SID

IAR

IES

NO

TE

S T

O T

HE F

INA

NC

IAL

ST

AT

EM

EN

TS

- 31

ST D

EC

EM

BE

R, 2

014

- (co

nt.)


18.

STA

TE

GO

VE

RN

ME

NT

LO

AN

SG

roup

and

Aut

hori

ty

2014

2013

RM

RM

Stat

e G

over

nmen

t loa

ns -

uns

ecur

edC

urre

nt...

......

......

......

......

......

...13

,593

,078

12,5

89,2

62N

on-c

urre

nt...

......

......

......

......

......

...12

,468

,605

12,9

55,0

13

RM

26,0

61,6

83R

M25

,544

,275

Ter

ms

and

debt

s re

paym

ent s

ched

ule

Gro

up a

nd A

utho

rity

Und

er1

to 2

2 to

5O

ver

5T

otal

1 ye

arye

ars

year

sye

ars

RM

RM

RM

RM

RM

2014

Uns

ecur

ed S

tate

Gov

ernm

ent l

oans

-fi

xed

rate

4%

......

......

RM

26,0

61,6

83R

M13

,593

,078

RM

505,

865

RM

1,64

2,27

2R

M10

,320

,468

2013

Uns

ecur

ed S

tate

Gov

ernm

ent l

oans

-fi

xed

rate

4%

......

......

RM

25,5

44,2

75R

M12

,589

,262

RM

486,

408

RM

1,57

9,10

8R

M10

,889

,497

Stat

e G

over

nmen

t ha

s ag

reed

to

conv

ert

the

Gov

ernm

ent

loan

to

gran

t am

ount

ing

to R

M23

,071

,421

. A

n am

ount

of

RM

2,78

1,11

3(2

013:

RM

2,00

0,00

0) h

as b

een

conv

erte

d du

ring

the

fina

ncia

l yea

r.

Gro

up a

nd A

utho

rity

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)

AN

D I

TS

SUB

SID

IAR

IES

NO

TE

S T

O T

HE F

INA

NC

IAL

ST

AT

EM

EN

TS

- 31

ST D

EC

EM

BE

R, 2

014

- (co

nt.)


19.

FED

ER

AL

GO

VE

RN

ME

NT

LO

AN

SG

roup

and

Aut

hori

ty

2014

2013

RM

RM

Fede

ral G

over

nmen

t loa

ns -

uns

ecur

edC

urre

nt...

......

......

......

......

......

...22

,686

,482

21,3

08,1

83N

on-c

urre

nt...

......

......

......

......

......

...7,

603,

339

12,3

85,7

18

RM

30,2

89,8

21R

M33

,693

,901

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 f

or a

ll ot

her

hous

ing

proj

ects

......

......

...4.

0% p

er a

nnum

Und

er1

to 2

2 to

5O

ver

5

Gro

up a

nd A

utho

rity

Tot

al1

year

year

sye

ars

year

sR

MR

MR

MR

MR

M20

14

Uns

ecur

ed F

eder

al G

over

nmen

t Loa

ns...

RM

30,2

89,8

21R

M22

,686

,482

RM

513,

368

RM

1,71

0,42

2R

M5,

379,

549

2013

Uns

ecur

ed F

eder

al G

over

nmen

t Loa

ns...

RM

33,6

93,9

01R

M21

,308

,183

RM

644,

297

RM

2,13

2,42

2R

M9,

608,

999

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)

AN

D I

TS

SUB

SID

IAR

IES

NO

TE

S T

O T

HE F

INA

NC

IAL

ST

AT

EM

EN

TS

- 31

ST D

EC

EM

BE

R, 2

014

- (co

nt.)


20.

GO

VE

RN

ME

NT

TR

UST

FU

ND

SG

roup

and

Aut

hori

ty

2014

2013

RM

RM

Stat

e Fu

nd f

or N

ew T

owns

hip

......

......

......

......

...25

2,39

921

2,11

5St

ate

Gov

ernm

ent S

ubsi

dies

Fun

d...

......

......

......

......

2,10

2,60

12,

102,

601

Stat

e G

over

nmen

t Age

ncy

Fund

s...

......

......

......

......

2,64

8,29

62,

743,

155

Rev

olvi

ng F

und

(SPP

)...

......

......

......

......

......

8,80

1,51

03,

828,

755

RM

13,8

04,8

06R

M8,

886,

626

21.

MIN

OR

ITY

SH

AR

EH

OL

DE

RS’

INT

ER

EST

Thi

s co

nsis

ts o

f th

e m

inor

ity s

hare

hold

ers’

pro

port

ion

of s

hare

cap

ital a

nd r

eser

ve o

f a

subs

idia

ry.

22.

RE

VE

NU

E

Con

trac

t rev

enue

......

......

...20

,963

,761

--

-P

rofi

t fro

m p

riva

tise

d pr

ojec

ts...

......

...12

,693

,027

22,2

03,9

9512

,693

,027

22,2

03,9

95P

rofi

t fro

m s

ales

of

com

plet

ed p

rope

rtie

s...

...1,

855,

524

117,

654

1,85

5,52

411

7,65

4

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)

AN

D I

TS

SUB

SID

IAR

IES

NO

TE

S T

O T

HE F

INA

NC

IAL

ST

AT

EM

EN

TS

- 31

ST D

EC

EM

BE

R, 2

014

- (co

nt.)

Gro

upA

utho

rity

2013

RM

2014

RM

2013

RM

2014

RM


Sale

s of

pro

pert

ies

and

deve

lopm

ent l

and

......

-6,

947,

465

--

Insu

ranc

e co

mm

issi

on in

com

e...

......

...37

,876

39,3

35-

-O

ther

Com

mis

sion

......

......

......

6,86

468

8-

-P

roje

ct e

ntit

lem

ent

......

......

...10

0,66

7-

--

Pro

ject

Man

agem

ent f

ee...

......

...50

,000

98,7

40-

-

35,7

07,7

1929

,407

,877

14,5

48,5

5122

,321

,649

23.

OP

ER

AT

ING

PR

OF

IT/L

OS

S

O

pera

ting

pro

fit/

loss

is a

rriv

ed a

t aft

er c

redi

ting

:

Gai

n on

dis

posa

l of

prop

erty

, pla

nt a

nd e

quip

men

t...

151,

436

92,7

0912

7,99

966

,249

Gov

ernm

ent l

oan

conv

erte

d to

gra

nt...

......

2,78

1,11

32,

000,

000

2,78

1,11

32,

000,

000

Inte

rest

inco

me

......

......

......

...2,

741,

199

2,46

3,73

92,

682,

486

2,42

3,54

3M

anag

emen

t fee

s...

......

......

...66

5,32

91,

091,

315

665,

329

859,

716

Ren

tal i

ncom

e...

......

......

......

3,88

9,95

53,

626,

891

3,85

3,95

53,

836,

573

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)

AN

D I

TS

SUB

SID

IAR

IES

NO

TE

S T

O T

HE F

INA

NC

IAL

ST

AT

EM

EN

TS

- 31

ST D

EC

EM

BE

R, 2

014

- (co

nt.)

Gro

upA

utho

rity

2013

RM

2014

RM

2013

RM

2014

RM

22.

RE

VE

NU

E -

(con

t.)

Gro

upA

utho

rity

2013

RM

2014

RM

2013

RM

2014

RM


and

afte

r ch

argi

ng:

All

owan

ce f

or d

oubt

ful d

ebts

......

......

...2,

234,

694

-2,

234,

694

-A

udito

rs’

rem

uner

atio

n-

curr

ent y

ear

......

......

......

...36

,435

37,4

3521

,435

21,4

35-

over

pro

visi

on in

pri

or y

ear

......

......

(1,0

00)

(2,0

00)

--

Boa

rd m

embe

rs’

rem

uner

atio

n-

emol

umen

ts...

......

......

......

389,

256

326,

610

389,

256

326,

610

-st

udy

tour

......

......

......

...23

,240

96,6

6823

,240

96,6

68D

epre

ciat

ion

......

......

......

...90

6,20

51,

253,

545

980,

767

1,10

2,66

3D

imin

utio

n in

val

ue o

f in

vest

men

t...

......

...-

570,

695

-57

0,69

5D

irec

tors

’rem

uner

atio

n-

fees

......

......

......

......

-12

2,58

0-

--

Em

ploy

ees’

Pro

vide

nt F

und

Con

trib

utio

ns...

...-

2,92

5-

--

othe

r em

olum

ents

......

......

......

273,

562

258,

962

--

Los

s on

sal

e of

pro

pert

y, p

lant

and

equ

ipm

ent

......

28,5

0625

2,72

0-

252,

720

Inte

rest

exp

ense

......

......

......

...98

3,83

81,

133,

065

971,

045

1,19

9,48

0Pr

oper

ty, p

lant

and

equ

ipm

ent w

ritt

en o

ff...

...8,

436

2,94

4-

-R

enta

l exp

ense

......

......

......

...85

,400

146,

400

--

23.

OP

ER

AT

ING

PR

OF

IT -

(con

t.)

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)

AN

D I

TS

SUB

SID

IAR

IES

NO

TE

S T

O T

HE F

INA

NC

IAL

ST

AT

EM

EN

TS

- 31

ST D

EC

EM

BE

R, 2

014

- (co

nt.)

Gro

upA

utho

rity

2013

RM

2014

RM

2013

RM

2014

RM


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)

AN

D I

TS

SUB

SID

IAR

IES

NO

TE

S T

O T

HE F

INA

NC

IAL

ST

AT

EM

EN

TS

- 31

ST D

EC

EM

BE

R, 2

014

- (co

nt.)

24.

TA

X E

XPE

NSE

Cur

rent

taxa

tion

......

......

......

99,6

7924

9,16

199

,679

249,

161

Rec

onci

liat

ion

of e

ffec

tive

tax

rate

:

Pro

fit b

efor

e ta

xati

on...

......

......

...96

6,01

13,

916,

956

2,35

0,77

94,

716,

580

Inco

me

tax

usin

g M

alay

sia

rate

......

......

193,

202

875,

180

587,

695

1,17

9,14

5

Tax

exe

mpt

inco

me

......

......

......

(1,1

66,2

87)

(1,4

59,3

16)

(1,2

61,7

65)

(1,4

52,2

34)

Non

-ded

uctib

le e

xpen

ses

......

......

...79

9,40

965

4,07

077

3,74

960

7,28

7

Def

erre

d ta

x as

sets

not

rec

ogni

sed

......

......

273,

355

120,

229

--

Eff

ect o

f de

ferr

ed ta

x be

nefi

t not

rec

ogni

sed

......

-14

4,03

5-

-

Una

bsor

bed

capi

tal a

llow

ance

now

uti

lise

d...

...-

(85,

037)

-(8

5,03

7)

Tax

exp

ense

......

......

......

...99

,679

249,

161

99,6

7924

9,16

1

Gro

upA

utho

rity

2013

RM

2014

RM

2013

RM

2014

RM


No

defe

rred

tax

asse

ts h

as b

een

reco

gnis

ed f

or th

e fo

llow

ing

item

s:G

roup

and

Aut

hori

ty

2014

2013

RM

RM

Una

bsor

bed

capi

tal a

llow

ance

s...

......

......

......

......

443,

389

441,

507

Unu

tili

sed

tax

loss

es...

......

......

......

......

......

7,24

4,25

05,

660,

209

7,68

7,63

96,

101,

716

The

ded

uctib

le te

mpo

rary

dif

fere

nces

, una

bsor

bed

capi

tal a

llow

ance

s an

d un

utili

sed

tax

loss

es d

o no

t exp

ire

unde

r cur

rent

tax

legi

slat

ion.

Def

erre

d ta

x as

sets

hav

e no

t be

en r

ecog

nise

d in

res

pect

of

thes

e ite

ms

beca

use

it is

not

pro

babl

e th

at f

utur

e ta

xabl

e pr

ofit

will

be

avai

labl

e ag

ains

t whi

ch th

e G

roup

can

util

ise

the

bene

fits

25.

EM

PLO

YE

ES

INFO

RM

AT

ION

Sta

ff C

osts

......

......

......

...13

,686

,597

12,6

41,4

5412

,892

,573

11,7

32,1

53

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)

AN

D I

TS

SUB

SID

IAR

IES

NO

TE

S T

O T

HE F

INA

NC

IAL

ST

AT

EM

EN

TS

- 31

ST D

EC

EM

BE

R, 2

014

- (co

nt.)

24.

TA

X E

XPE

NSE

- (

cont

.)

Gro

upA

utho

rity

2013

RM

2014

RM

2013

RM

2014

RM


Incl

uded

in s

taff

cos

ts o

f th

e G

roup

and

of

the

Aut

hori

ty is

Em

ploy

ees

Prov

iden

t Fun

d an

d ot

her

retir

emen

t ben

efits

of

RM

1,27

0,69

9(2

013:

RM

1,25

6,86

4) a

nd R

M1,

191,

379

(201

3: R

M1,

178,

076)

.

The

num

ber

of e

mpl

oyee

s of

the

Gro

up a

nd o

f th

e A

utho

rity

(ex

clud

ing

dire

ctor

s) a

t the

end

of

the

year

was

195

(20

13: 1

97)

and

176

(201

3: 1

76)

resp

ectiv

ely.

26.

LIT

IGA

TIO

NS

(a)

In y

ear

2008

, a la

nd o

wne

r ha

s fi

led

an a

pplic

atio

n to

the

Hig

h C

ourt

for

an

inju

nctio

n ag

ains

t the

Gro

up f

or s

pilla

ge o

r de

posi

t of

eart

h-fi

ll m

ater

ials

ont

o he

r lan

d. A

ccor

ding

to th

e C

onse

nt O

rder

dat

ed 2

1 A

pril,

201

1, th

e pl

aint

iff i

s en

title

d w

ith a

com

pens

atio

nof

dam

age

on c

rops

and

rei

nfor

ced

conc

rete

dra

inag

e ou

tfal

l w

hich

am

ount

ing

RM

253,

700

with

in s

ix m

onth

s fr

om t

he d

ate

ofO

rder

. The

Gro

up s

hall

also

pay

the

Plai

ntif

fs in

tere

st o

n th

e ab

ove

said

am

ount

at 8

% p

er a

nnum

fro

m th

e da

te o

f th

e O

rder

.

On

28 M

ay 2

011,

the

Plai

ntif

fs th

roug

ht th

eir s

olic

itor c

laim

the

Gro

up c

ost i

ncur

red

in th

e N

otic

e of

Tax

atio

n w

hich

am

ount

ing

toR

M52

,295

.50.

On

3 Ju

ne 2

011,

the

Gro

up h

ad a

ccep

ted

tota

l co

mpe

nsat

ion

of R

M30

5,99

5.50

tog

ethe

r w

ith i

nter

est

char

ged

RM

6,06

2.70

as

the

fina

l com

pens

atio

n of

dam

aged

cau

sed

on p

lain

tiff.

Com

pens

atio

n of

dam

aged

had

fully

pai

d to

pla

intif

f dur

ing

2011

exc

ept a

bal

ance

of

RM

6,06

2.70

. The

Gro

up h

as y

et to

acc

ount

for

the

amou

nt in

its

fina

ncia

l sta

tem

ents

as

at th

e fi

nanc

ial

year

end

.

(b)

In y

ear

2009

, a d

evel

oper

com

men

ced

lega

l act

ion

agai

nst t

he G

roup

for

bre

ach

of c

ontr

act i

n re

gard

s to

the

sale

s an

d pu

rcha

se o

f6

parc

els

of la

nd. T

he G

roup

has

file

d its

def

ense

with

the

Hig

h C

ourt

. The

dat

e fo

r th

e he

arin

g ha

s be

en f

ixed

by

the

Hig

h C

ourt

on 2

5 an

d 26

Apr

il 20

11. T

he d

evel

oper

is c

laim

ing

dam

ages

for R

M5,

185,

000.

Bas

ed o

n th

e ju

dgem

ent d

ated

19

Aug

ust 2

011,

the

clai

m c

an o

nly

be e

ffec

tive

upon

the

deliv

ery

of c

erta

in la

nd ti

tles

by th

e sa

me

deve

lope

r to

the

Gro

up. T

he G

roup

did

not

acc

ount

for

any

such

am

ount

in it

s fi

nanc

ial s

tate

men

ts.

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)

AN

D I

TS

SUB

SID

IAR

IES

NO

TE

S T

O T

HE F

INA

NC

IAL

ST

AT

EM

EN

TS

- 31

ST D

EC

EM

BE

R, 2

014

- (co

nt.)

25.

EM

PLO

YE

ES

INFO

RM

AT

ION

- (

cont

.)


(c)

On

16 A

ugus

t 20

10, t

wo

join

t-ve

ntur

e su

b-co

ntra

ctor

s fi

led

a cl

aim

in

rega

rds

to t

he m

onie

s fo

r w

ork

done

, var

iatio

n ex

pens

esin

curr

ed a

nd d

amag

es f

or te

rmin

atio

n of

con

trac

t for

RM

13,1

77,2

07.0

6. T

he K

uala

Lum

pur

Reg

iona

l Cen

tre

for

Arb

itrat

ion

was

held

on

2 M

arch

201

2. O

n 15

May

201

3, fi

nal a

war

d w

as g

iven

by

the

Arb

itrat

or w

here

in th

e G

roup

is o

rder

ed to

pay

the

two

join

t-ve

ntur

e su

b-co

ntra

ctor

s th

e su

m o

f R

M4,

253,

908.

30 a

nd c

osts

to a

rbitr

ator

in th

e su

m o

f R

M74

,400

.00

with

in 2

8 da

ys o

f th

e fi

nal

awar

d, t

he G

roup

did

not

acc

ount

for

any

suc

h am

ount

in

its f

inan

cial

sta

tem

ents

in

view

of

the

Gro

up h

as o

btai

ned

a le

tter

ofun

dert

akin

g on

3 A

pril

2014

fro

m a

thi

rd p

arty

to

assu

me

the

liabi

lity

of t

he G

roup

, sub

ject

to

the

exec

utio

n of

a J

oint

Ven

ture

Agr

eem

ent w

ith P

rism

a M

ajub

umi S

dn. B

hd. a

s th

e de

velo

per

to d

evel

op th

e de

sign

ated

land

ow

ned

by th

e G

roup

.

27.

CO

NT

ING

EN

T L

IAB

ILIT

IES

(a)

The

Gro

up a

nd th

e A

utho

rity

has

exe

cute

d a

thir

d pa

ry c

harg

e ov

er it

s de

velo

pmen

ts 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

152,

603,

782

(201

3: R

M14

5,44

3,43

7).

(b)

On

29 J

anua

ry 2

014,

a le

gal c

laim

has

bee

n m

ade

agai

nst t

he G

roup

for

bre

ach

of c

ontr

act b

y fo

rmer

scr

ap m

etal

col

lect

ion

agen

t.

The

age

nt is

cla

imin

g un

spec

ifie

d da

mag

es, i

nter

est,

cost

and

any

rel

ief

that

the

Hig

h C

ourt

dee

ms

fit t

o gr

ants

.

26.

LIT

IGA

TIO

NS

- (co

nt.)

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)

AN

D I

TS

SUB

SID

IAR

IES

NO

TE

S T

O T

HE F

INA

NC

IAL

ST

AT

EM

EN

TS

- 31

ST D

EC

EM

BE

R, 2

014

- (co

nt.)


REPEATED NOTIFICATIONS

No. 143 [No. JKM. PHB. 600-2/5/57/(16)


Bab 69

PERISYTIHARAN DI BAWAH SEKSYEN 3

Pada menjalankan kuasa yang diberikan kepadanya oleh subseksyen 3(1)

Bab 69Ordinan Pengambilan Tanah, Yang di-Pertua Negeri dengan ini mengisytiharkanbahawa pada pendapatnya mana-mana tanah yang dinyatakan dalam Jadual bersama

dengan ini hendaklah diambil bagi maksud awam, iaitu untuk Talian Penghantaran 132KVdari PMU Segaliud ke PMU Sapi Nangoh, Beluran.

Pelan No. 908300003 yang menunjukkan kawasan yang hendak diambil boleh diperiksadi pejabat Pengarah Tanah dan Ukur, Kota Kinabalu, atau di pejabat Penolong PemungutHasil Tanah, Beluran, pada waktu biasa pejabat.

JADUAL

Luas Luas KawasanBil. Pemilik No. Hakmilik Kawasan Tempat Yang Hendak

Hakmilik Diambil(Hektar) (Hektar)

1. Marsidih Ghani NT. 083022137 5.317 Luang Manis, 0.720Beluran

2. Mohd. Noor bin NT. 083021783 7.288 ,, 1.983 Gambu

3. Hassan Hj. Moktar NT. 083021792 7.041 ,, 0.888

4. Salleh bin Kinsong NT. 083021694 5.625 ,, 0.917

5. Buyong bin Bood NT. 083021685 5.224 ,, 0.444 @ Lahab

6. Buyong bin Kong NT. 083021676 5.317 ,, 0.049 Kong

7. Daha bin Hj. Badullah NT. 083021381 5.548 ,, 0.056

8. Ajan bin Datu Tawil NT. 083021390 6.017 ,, 1.444

9. Nenai Hj. Jalil NT. 083021407 6.228 ,, 1.114

10. Uting bin Manggolong NT. 083021416 5.143 ,, 0.795

11. Piah binti Hj. Duraman NT. 083021425 5.993 ,, 0.791

12. Sibidi Hj. Pakar NT. 083021434 6.725 ,, 0.442 @ Zabidi

13. Hasnaffina binti NT. 083021569 5.880 ,, 0.396 Hassnar


14. Hamzah Hj. Lokman NT. 083021550 5.483 Luang Manis, 1.114Beluran

15. Syarif Yassin bin NT. 083021541 6.252 ,, 0.337 Syarif Ebih

16. Taha bin Abdullah NT. 083021318 5.103 ,, 1.337

17. Lim Yun Hui NT. 083021309 6.580 ,, 0.653

18. Bahuddin bin Nudin NT. 083022164 15.050 ,, 2.330(ekar) (ekar)



DATUK SERI PANGLIMA MUSA HAJI AMAN,Ketua Menteri Sabah.

[No. JKM. PHB. 600-2/5/57/(16)


Cap. 69

DECLARATION UNDER SECTION 3

In exercise of the powers conferred upon him by subsection 3(1) of the Land

Cap. 69Acquisition Ordinance, the Yang di-Pertua Negeri hereby declares that heconsiders that any land set out in the Schedule hereto should be acquired for a

public purpose, that is to say for 132KV Transmission Line from PMU Segaliud to PMUSapi Nangoh, Beluran.

Plans No. 908300003 showing the area to be acquired may be inspected at the office ofthe Director of Lands and Surveys, Kota Kinabalu, or the office of the AssistantCollector of Land Revenue, Beluran, during normal office hours.

SCHEDULE

Area Area to beNo. Owner(s) Title No. on Title Locality Acquired

in Hectare(s) in Hectare(s)

1. Marsidih Ghani NT. 083022137 5.317 Luang Manis, 0.720Beluran

JADUAL - (samb.)

Luas Luas KawasanBil. Pemilik No. Hakmilik Kawasan Tempat Yang Hendak

Hakmilik Diambil(Hektar) (Hektar)


2. Mohd. Noor bin NT. 083021783 7.288 Luang Manis, 1.983 Gambu Beluran

3. Hassan Hj. Moktar NT. 083021792 7.041 ,, 0.888

4. Salleh bin Kinsong NT. 083021694 5.625 ,, 0.917

5. Buyong bin Bood NT. 083021685 5.224 ,, 0.444 @ Lahab

6. Buyong bin Kong NT. 083021676 5.317 ,, 0.049 Kong

7. Daha bin Hj. Badullah NT. 083021381 5.548 ,, 0.056

8. Ajan bin Datu Tawil NT. 083021390 6.017 ,, 1.444

9. Nenai Hj. Jalil NT. 083021407 6.228 ,, 1.114

10. Uting bin Manggolong NT. 083021416 5.143 ,, 0.795

11. Piah binti Hj. Duraman NT. 083021425 5.993 ,, 0.791

12. Sibidi Hj. Pakar NT. 083021434 6.725 ,, 0.442 @ Zabidi

13. Hasnaffina binti NT. 083021569 5.880 ,, 0.396 Hassnar

14. Hamzah Hj. Lokman NT. 083021550 5.483 ,, 1.114

15. Syarif Yassin bin NT. 083021541 6.252 ,, 0.337 Syarif Ebih

16. Taha bin Abdullah NT. 083021318 5.103 ,, 1.337

17. Lim Yun Hui NT. 083021309 6.580 ,, 0.653

18. Bahuddin bin Nudin NT. 083022164 15.050 ,, 2.330(acres) (acres)



DATUK SERI PANGLIMA MUSA HAJI AMAN,Chief Minister of Sabah.

SCHEDULE - (cont.)

Area Area to beNo. Owner(s) Title No. on Title Locality Acquired

in Hectare(s) in Hectare(s)

LAND ACQUISITION ORDINANCE - (cont.)

REPEATED NOTIFICATIONS - (cont.)


No. 144 [No. JKM. PHB. 600-2/3/4/(34)


Bab 69

NOTIS PENINGGALAN PENGAMBILAN TANAHDI BAWAH SEKSYEN 10

Pada menjalankan kuasa yang diberikan kepadanya di bawah subseksyen 10(1) Ordinan

Bab 69Pengambilan Tanah, Yang di-Pertua Negeri dengan ini mengisytiharkan bahawapengambilan tanah yang dicadangkan bagi tanah yang dinyatakan dalam Jadual

berikut adalah ditinggalkan.

JADUAL

Anggaran Luas Kawasan YangBil. No. HakmilikHendak Diambil (Ekar)

1. 215326346 1.05

2. Cadangan pengambilan tanah ke atas hakmilik yang tersebut di atas yang telahdiwartakan dalam Pemberitahuan Warta No. 409 tahun 1990 dan No. 705 tahun 1990adalah dengan ini dibatalkan.



DATUK SERI PANGLIMA MUSA HAJI AMAN,Ketua Menteri Sabah.

[No. JKM. PHB. 600-2/3/4/(34)


Cap. 69

NOTICE OF ABANDONMENT OF ACQUISITIONUNDER SECTION 10

In exercise of the powers conferred upon him by subsection 10(1) of the Land

Cap. 69Acquisition Ordinance, the Yang di-Pertua Negeri hereby declares thatthe intended acquisition of the land set out in the following Schedule is abandoned.

SCHEDULE

Approximate Area to beNo. Title No.Acquired in Acre (s)

1. 215326346 1.05

WARTA KERAJAAN NEGERI SABAH

2. The intended acquisition on the above titles published in Gazette Notification Nos.409 of 1990 and 705 of 1990 are hereby revoked.



DATUK SERI PANGLIMA MUSA HAJI AMAN,Chief Minister of Sabah.

Kadar langganan berikut bagi Warta Kerajaan Negeri Sabah yang berkuat kuasamulai daripada 1 Januari 2016 adalah diterbitkan untuk makluman Umum:

KADAR LANGGANAN UNTUK TAHUN 2016

Warta Kerajaan termasuk tambahan-tambahan:- (Tidak termasuk Tambahan Tanda Perdagangan)

RM

Langganan Tahunan di dalam Malaysia ... ... 120.00

Langganan Tahunan di luar Malaysia ... ... ... 180.00

Tambahan 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





Lebih daripada 96 muka ... ... ... ... ... 7.20 dan tambahRM1.20untuk setiap32 mukayang lebih.

Senaskhah Tahunan Tambahan Pertama dan Kedua sertaindeks 2015 (dijilid dengan Kulit Keras) ... ... RM 42.00

LAND ACQUISITION ORDINANCE - (cont.)

REPEATED NOTIFICATIONS - (cont.)

28 Julai 2016890

WARTA KERAJAAN NEGERI SABAH

________________________________________________________________________DICETAK OLEH PENCETAK KERAJAAN,

DATUK HAJI SALSIDU BIN HAJI IBRAHIM, P.G.D.K., K.M.N., J.P., JABATAN CETAK KERAJAAN,SABAH, MALAYSIA.

2016.P.K. 0001 (L) - 2016

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 hendaklahdialamatkan kepada Pencetak Kerajaan, Jabatan Cetak Kerajaan, Km. 4, JalanTuaran, Beg Berkunci 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.

89128 Julai 2016

sabah, malaysia warta kerajaan · 2016-08-03 · jil. lxxi] [no. 29kota kinabalu, khamis, 28 julai...

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