sabah, malaysia warta kerajaandengan penyata kewangan lembaga pembangunan perumahan dan bandar...

No. 580 [No. SPANS: P. 08932

PELANTIKAN MENANGGUNG KERJA

Suruhanjaya Perkhidmatan Awam Negeri Sabah telah melantik Encik Sapdin binIbrahim untuk menanggung kerja jawatan Pegawai Tadbir, Gred N48 untuk tempoh mulai20 Oktober 2005 hingga 19 April 2006. Pelantikan menanggung kerja ini tertakluk kepadaPANS 45(5) Bahagian B.

[No. SPANS: P. 011556 Vol. II

Suruhanjaya Perkhidmatan Awam Negeri Sabah telah melantik Puan Robaiah bt. Abd.Aziz untuk menanggung kerja jawatan Pegawai Kawalan Alam Sekitar, Gred C41 untuktempoh mulai 6 Januari 2006 hingga 4 Julai 2006 dan 6 Julai 2006 hingga 4 Januari 2007.Pelantikan menanggung kerja ini tertakluk kepada PANS 45(5) Bahagian B.

[No. SPANS: P. 000959 Vol. II

Suruhanjaya Perkhidmatan Awam Negeri Sabah telah melantik Encik Achis @ Ajisbin Podoh untuk menanggung kerja jawatan Pegawai Tadbir, Gred N41 untuk tempoh mulai19 April 2006 hingga 18 Mei 2006. Pelantikan menanggung kerja ini tertakluk kepadaPANS 45(5) Bahagian B.

Jil. LXI] [No. 46KOTA KINABALU, KHAMIS, 16 NOVEMBER 2006

Kenyataan-kenyataan berikut adalah diterbitkan atas perintah Tuan YangTerutama Yang di-Pertua Negeri untuk Makluman Umum.

DATUK K. Y. MUSTAFA,Setiausaha Kerajaan Negeri.

SABAH, MALAYSIA

Warta KerajaanDiterbitkan dengan kuasa

WARTA KERAJAAN NEGERI SABAH 16 November 20061,602

SIJIL KETUA AUDIT NEGARA MENGENAI PENYATA KEWANGANLEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR

BAGI TAHUN BERAKHIR 31 DISEMBER 2003

Penyata Kewangan Lembaga Pembangunan Perumahan dan Bandar bagi tahun berakhir 31Disember 2003 telah diaudit oleh wakil saya. Pihak pengurusan bertanggungjawab terhadapPenyata Kewangan ini. Tanggungjawab saya adalah mengaudit dan memberi pendapatterhadap Penyata Kewangan tersebut.

2. Pengauditan telah dilaksanakan mengikut Akta Audit 1957 dan berpandukan piawaianpengauditan yang diluluskan. Piawaian tersebut menghendaki pengauditan dirancang dandilaksanakan untuk mendapat kepastian yang munasabah sama ada Penyata Kewanganadalah bebas daripada kesilapan atau ketinggalan yang ketara. Pengauditan itu termasukmemeriksa rekod secara semak uji, menyemak bukti yang menyokong angka dan memastikanpendedahan yang mencukupi dalam Penyata Kewangan. Penilaian juga dibuat terhadapprinsip perakaunan yang digunakan dan penyampaian Penyata Kewangan secarakeseluruhan.

3. Kecuali apa yang dinyatakan di perenggan 2.1 hingga 2.2 dalam Laporan Ketua AuditNegara, pada pendapat saya, Penyata Kewangan ini memberi gambaran yang benar dansaksama terhadap kedudukan kewangan Lembaga Pembangunan Perumahan dan Bandardan Kumpulan pada 31 Disember 2003, hasil operasi dan aliran tunainya untuk tahun tersebutberdasarkan piawaian perakaunan yang diluluskan.

4. Saya telah mempertimbangkan Penyata Kewangan dan laporan juruaudit bagi semuasubsidiari yang tidak diaudit oleh saya seperti yang dinyatakan dalam Nota kepada PenyataKewangan. Saya berpuas hati bahawa Penyata Kewangan berkenaan yang telah disatukandengan Penyata Kewangan Lembaga Pembangunan Perumahan dan Bandar adalah dalambentuk dan kandungan yang sesuai dan wajar bagi tujuan penyediaan Penyata Kewangandisatukan. Saya juga telah menerima maklumat dan penjelasan yang memuaskansebagaimana yang dikehendaki bagi tujuan tersebut.

5. Laporan juruaudit mengenai Penyata Kewangan subsidiari berkenaan tidakmengandungi sebarang pemerhatian yang boleh menjejaskan Penyata Kewangan disatukan.

CHE MOHD. SHUKRI BIN CHE HASSAN,b.p. Ketua Audit Negara,

Malaysia.

Kota Kinabalu.

Bertarikh: 31 Disember 2004.

No. 581 [No. KKT&P: 400-7/3/(65)

WARTA KERAJAAN NEGERI SABAH 1,60316 November 2006

LAPORAN KETUA AUDIT NEGARA MENGENAI PENYATA KEWANGANLEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR

BAGI TAHUN BERAKHIR 31 DISEMBER 2003

Laporan Ketua Audit Negara ini hendaklah dibaca bersama-sama dengan Sijil Ketua AuditNegara bagi menyokong pendapat Audit terhadap Penyata Kewangan tersebut.

2. Pemerhatian Audit terhadap Penyata Kewangan adalah seperti berikut:

2.1 Pemiutang Pelbagai dan Akruan

Pada akhir tahun 2003, Lembaga mempunyai baki pemiutang pelbagai dan akruanberjumlah RM33.67 juta termasuk RM3.82 juta yang diambil kira dalam AkaunTergantung. Semakan Audit mendapati jumlah ini adalah bayaran pembelianrumah yang dibayar oleh pembeli dan dikredit terus dalam akaun bank Lembaga.Oleh itu, Lembaga sepatutnya mengiktirafkan bayaran pembelian rumah tersebutsebagai terimaan dan diakaunkan dalam Akaun Penghutang bukan AkaunPemiutang lain. Ini menyebabkan Penyata Kewangan telah lebih/kurangdinyatakan masing-masing bagi butiran penghutang dan pemiutang.

2.2 Penghutang Perumahan

Semakan Audit mendapati penghutang perumahan pada akhir tahun 2003berjumlah RM52.52 juta manakala baki mengikut Bahagian Kredit berjumlahRM130.61 juta. Mengikut penyata penyesuaian yang disediakan terdapatperbezaan berjumlah RM1.36 juta yang belum disesuaikan. Ini disebabkan olehfaktor pengiktirafan penghutang dan pembatasan masa. Lembaga hendaklahsecara berterusan berusaha memastikan baki penghutang perumahan BahagianAkaun dan Bahagian Kredit diselaraskan sekali setiap 4 bulan bagi mengurangkanperbezaan yang besar pada akhir tahun kewangan dan dapat membuat penyesuaiandengan segera.

3. Langkah-langkah pembetulan yang sewajarnya hendaklah diambil oleh pihakpengurusan Lembaga Pembangunan Perumahan dan Bandar untuk meningkatkan lagiakauntabiliti awam.

CHE MOHD. SHUKRI BIN CHE HASSAN,b.p. Ketua Audit Negara,

Malaysia.

Kota Kinabalu.

Bertarikh: 31 Disember 2004.


LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)

AND ITS SUBSIDIARIES

STATEMENT BY THE CHAIRMAN AND GENERAL MANAGER

In our opinion, the financial statements set out on pages 1,606 to 1,643 are drawn upso as to give a true and fair view of the state of affairs of the Group and of the Authorityas at 31st December, 2003 and of the results of their operations and cash flows for theyear ended on that date.

On behalf of the Board,

Y.B. DATUK RUBIN BALANG(Chairman)

KWAN PEK SIN(General Manager)

Kota Kinabalu.

Date: 29th October, 2004.}




STATUTORY DECLARATION

I, CHIN SU ME, the officer primarily responsible for the financial management of LembagaPembangunan Perumahan dan Bandar (Housing and Town Development Authority),do solemnly and sincerely declare that the financial statements set out on pages 1,606 to1,643 are, to the best of my knowledge and belief, correct, and I make this solemn dec-laration conscientiously believing the same to be true and by virtue of the provisions ofthe Statutory Declarations Act, 1960.

Subscribed and solemnly declared bythe above-named CHIN SU ME atKota Kinabalu in the State of Sabah CHIN SU ME

on 29th October, 2004.

Before me,

YONG YUN SAN @ PATRICK,Pesuruhjaya Sumpah,

Malaysia.

Kota Kinabalu.

}


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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THEYEAR ENDED 31ST DECEMBER, 2003

Non-distributable

GROUP Accumulated Revaluationfunds reserve TotalRM RM RM

AT 1ST JANUARY, 2002 ... 35,760,756 3,300,576 39,061,332Effect of adoption of MASB 25 - (955,894) (955,894)

Restated balance ... ... ... 35,760,756 2,344,682 38,105,438Net profit for the year ... ... 2,809,964 - 2,809,964

AT 31ST DECEMBER, 2002 ... 38,570,720 2,344,682 40,915,402Net loss for the year ... ... (314,950) - (314,950)

AT 31ST DECEMBER, 2003 ... RM38,255,770 RM2,344,682 RM40,600,452

Note 21

The notes set out on pages 1,615 to 1,643 form an integral part of, and should be readin conjunction with, these financial statements.


STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED31ST DECEMBER, 2003

AUTHORITY Accumulated fundsRM

AT 1ST JANUARY, 2002 ... ... ... ... ... 30,192,141

Net profit for the year... ... ... ... ... ... 912,837

AT 31ST DECEMBER, 2002 ... ... ... ... ... 31,104,978

Net profit for the year... ... ... ... ... ... 737,790

AT 31ST DECEMBER, 2003 ... ... ... ... ... RM31,842,768

The notes set out on pages 1,615 to 1,643 form an integral part of, and should be readin conjunction with, these financial statements.


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l of

pro

pert

y, p

lant

and

equi

pmen

t...

......

......

(18,

277)

(27,

855)

(18,

277)

(27,

855)

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rest

exp

ense

......

......

...2,

673,

755

3,09

2,64

12,

126,

407

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com

e...

......

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(3,0

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78)

(4,7

86,2

03)

(2,8

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11)

(4,5

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s...

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...40

3,63

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ebto

rs...

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1,94

3,56

8(7

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943,

568

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29,6

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Inve

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ies

of u

nsol

d ho

uses

......

...87

7,59

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7,98

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evel

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s...

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...(2

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rade

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3,10

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1,64

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Pur

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93,

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3,91

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LE

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(109

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iden

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(19,

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(19,

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1,80

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1,91

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(69,

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521,

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RM

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IT

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Cas

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7,42

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9,90

95,

628,

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epos

its

......

......

...25

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5019

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: Dep

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ple

dged

......

......

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00,0

00)

(6,2

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25)

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00,0

00)

(6,0

10,4

25)

18,9

88,1

6519

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13,4

22,6

1912

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k ov

erdr

afts

......

......

...(4

,774

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)(4

,701

,193

)(4

,489

,739

)(4

,625

,419

)

RM

21,6

36,2

34R

M22

,101

,433

RM

15,4

82,7

89R

M13

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not

es s

et o

ut o

n pa

ges

1,61

5 to

1,6

43 f

orm

an

inte

gral

par

t of

, and

sho

uld

be r

ead

in c

onju

nctio

n w

ith, t

hese

fin

anci

al s

tate

men

ts.




NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2003

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 as stated in Note 4. There has been no significant change in the natureof these activities during the financial year.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The following accounting policies are adopted by the Group and the Authority and areconsistent with those adopted in the previous years except for the adoption of thefollowing:

(i) MASB 25: Income Taxes; and(ii) MASB 29: Employee Benefits

Apart from the new policies, extended disclosure where required by these newstandards, and the restatement of comparative figures to reflect the adoption of MASB25 as disclosed in Note 31 to the financial statements. There is no other effect on thefinancial statements.

(a) Basis of accountingThe financial statements of the Group and of the Authority are prepared on thehistorical cost basis and in compliance with applicable approved accounting stan-dards in Malaysia.

(b) Basis of consolidationSubsidiaries are those enterprises 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 financialstatements from the date that control effectively commences until the date thatcontrol effectively ceases. Subsidiaries are consolidated using the acquisitionmethod of accounting.

Under the acquisition method of accounting, the results of subsidiaries acquiredor disposed of during the year are included from the date of acquisition or upto the date of disposal. At the date of acquisition, the fair values of the sub-sidiaries’ net assets are determined and these values are reflected in the Groupfinancial statements. The difference between acquisition cost and the fair valuesof the subsidiaries’ net assets is reflected as goodwill or negative goodwill asappropriate.

Intragroup transactions and balances and the resulting unrealised profits areeliminated on consolidation. Unrealised losses resulting from intragroup trans-actions are also eliminated unless cost cannot be recovered.


(c) Property, plant and equipmentProperty, plant and equipment are stated at cost or valuation less accumulateddepreciation.

The Group revalues its property comprising land and buildings every 5 years andat shorter intervals whenever the fair value of the revalued assets is expected todiffer materially from their carrying value.

Surpluses arising from revaluation are dealt with in the property revaluationreserve account. Any deficit arising is offset against the revaluation reserve to theextent of a previous increase for the same property. In all other cases, a decrease incarrying amount is 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) DepreciationThe 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 and short term leasehold land over 331/3 - 80 years

Buildings 2% - 3%Motor vehicles 20%Plant and machinery 20%Office furniture, fittings and equipment 10% - 20%Renovation 10%Computer Software 50%

(e) ImpairmentThe 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 loss isrecognised whenever the carrying amount of an asset or the cash-generating unitto which it belongs exceeds its recoverable amount. Impairment losses arerecognised in the income statement, unless the asset is carried at a revalued amount,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 discounted



NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2003 - (cont.)

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


to their present value using a pre-tax discount rate that reflects current market assessmentsof the time value of money and the risks specific to the asset. For an asset that doesnot generate largely independent cash inflows, the recoverable amount is deter-mined 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 investment 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 then temporary.

(g) Development propertiesLand 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 housesInventories 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 developmentProfit from property development is recognised using the percentageof completion method. Where foreseeable losses are anticipated, fullprovision for these losses is made in the financial statements.









(ii) Developed propertiesProfit on developed properties is recognised when transfer of risks andrewards has been completed.

(iii) Privatised projectsProfit on privatised projects is recognised on an accrual basis based on stipu-lated fixed schedule.

(iv) Profit from contract workProfit on contract work is recognised on the percentage of completion methodmeasured by reference to the percentage of contract costs incurred to date toestimated total contract costs/surveys of work performed.

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 commissionRental income is recognised on an accrual basis and net insurance com-mission is recognised when services are rendered.

(vi) Interest incomeInterest income is recognised in the income statement as it accrues, takinginto account the effective yield on the asset.

(vii) Dividend incomeDividend income is recognised when the right to receive payment is es-tablished.

(viii) Project entitlementsThe entitlements, pursuant to the agreement entered with the joint venturepartners, are recognised on accrual basis based on stipulated fixed schedule.

(j) Interest on borrowingsInterest 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) ProvisionsA provision is recognised when it is probable that an outflow of resources em-bodying economic benefits will be required to settle a present obligation (legal orconstructive) as a result of a past event and a reliable estimate can be made of theamount.

(i) Provision for repairs and maintenance on completed projectsProvision 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 benefitsDefined contribution plansObligations for contributions to defined contribution plans are recognised as anexpense in the income statement as incurred. Other retirement benefits are chargedagainst income as and when paid.

(m) Government grantsGrants have been received from the Federal and State Government for thedevelopment of specific properties and are utilized to meet the cost of developingthose properties.

(n) Government trust fundsFunds received from the Federal and State Governments for the development ofspecific projects are utilized to meet the cost of developing those projects. Atthe completion of the project, any excess is refundable to the respective gov-ernments, while shortfalls are to be recovered and shown as a debit balance in therespective fund.

(o) InvestmentsLong term investments in subsidiaries are stated at cost in the Authority, less im-pairment loss where applicable.

(p) TaxationTax 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 the ex-pected 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.

(q) Cash and cash equivalentsCash 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.

(r) Property held for future developmentProperty held for future development, comprising land cost and development ex-penditure, is stated at cost. Land held for future development would be transferredto properties under development upon commencement of active development.

(s) Hire purchaseThe cash price of assets acquired under hire purchase arrangements is capitalisedunder property, plant and equipment at the respective dates of the execution of theagreements. Interest charges are taken up in the income statement on a sum-of-digits basis over the period of the hire purchase agreements.






LE

MB

AG

A P

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BA

NG

UN

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PE

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s...

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......

1,50

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161,

428

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200

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......

17,3

23,6

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ems

at:

Cos

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......

......

13,5

85,6

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214

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1,00

919

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......

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3,73

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2,10

2,35

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514,

600

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25,

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964

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for

the

year

......

...37

0,57

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327

2,67

980

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......

......

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(182

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(183

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......

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200

2...

......

RM

15,2

73,6

97R

M45

2,39

5R

M1,

460,

769

RM

17,1

86,8

61

Dep

reci

atio

n ch

arge

for

the

year

end

ed31

st D

ecem

ber,

200

2...

......

(963

,695

)15

9,83

624

3,63

6(5

60,2

23)

Land

and

Bui

ldin

gs

<

----

---

At v

alua

tion

----

-->

<--

----

----

- At

cos

t --

----

----

->

Cos

t/Val

uatio

nA

t 1st

Jan

uary

, 200

3...

......

850,

000

2,88

8,00

02,

997,

623

10,6

40,4

2617

,376

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Add

itio

ns...

......

......

--

-1,

500

1,50

0D

ispo

sal

......

......

...-

--

--

Tra

nsfe

rs...

......

......

--

-(5

3,90

3)(5

3,90

3)

At 3

1st D

ecem

ber,

200

3...

......

850,

000

2,88

8,00

02,

997,

623

10,5

88,0

2317

,323

,646

Gro

upLa

nd a

ndbu

ildin

gs

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Mot

orve

hicl

es,

plan

t and

mac

hine

ry

RM

Tota

l

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cefu

rnitu

re,

fittin

gs,

equi

pmen

t and

reno

vatio

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Gro

upTo

tal

RM

Build

ings

RM

Shor

t ter

mle

aseh

old

land

and

build

ings

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term

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ehol

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M

Long

term

leas

ehol

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nd

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Dep

reci

atio

nA

t 1st

Jan

uary

, 200

3...

......

...22

,666

253,

531

444,

282

1,38

1,87

32,

102,

352

Cha

rge

for

the

year

......

......

11,3

3486

,641

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271,

962

370,

579

Dis

posa

l...

......

......

--

--

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fers

......

......

...-

--

(8,0

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(8,0

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At 3

1st D

ecem

ber,

200

3...

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34,0

0034

0,17

244

4,92

41,

645,

764

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4,86

0

Net

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k Va

lue

At 3

1st D

ecem

ber,

200

3...

......

RM

816,

000

RM

2,54

7,82

8R

M2,

552,

699

RM

8,94

2,25

9R

M14

,858

,786

At 3

1st D

ecem

ber,

200

2...

......

RM

827,

334

RM

2,63

4,46

9R

M2,

553,

341

RM

9,25

8,55

3R

M15

,273

,697

Dep

reci

atio

n ch

arge

for

the

year

end

ed31

st D

ecem

ber,

200

2...

......

RM

11,3

33R

M86

,641

RM

4,04

7(R

M1,

065,

716)

(RM

963,

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MB

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EM

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PE

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sing

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n D

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ent A

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ND

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NC

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AT

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TS

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EM

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QU

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and

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gs - (c

ont.)

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val

uatio

n --

----

>

<

----

----

-- A

t cos

t --

----

----

>

Gro

upTo

tal

RM

Build

ings

RM

Shor

t ter

mle

aseh

old

land

and

build

ings

RM

Long

term

leas

ehol

dla

ndR

M

Long

term

leas

ehol

dla

nd

RM

WARTA KERAJAAN NEGERI SABAH

LE

MB

AG

A P

EM

BA

NG

UN

AN

PE

RU

MA

HA

N D

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ND

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sing

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n D

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ent A

utho

rity

)A

ND

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S SU

BSI

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S

NO

TE

S T

O T

HE F

INA

NC

IAL

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AT

EM

EN

TS

- 31

ST D

EC

EM

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003

- (co

nt.)

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OPE

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NT

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D E

QU

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ont.)

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and

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Auth

ority

Tota

l

RM

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cefu

rnitu

re,

fittin

gs,

equi

pmen

t and

reno

vatio

nR

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Long

term

leas

ehol

dla

nd

RM

Build

ings

RM

Mot

orve

hicl

es

RM

Cos

tA

t 1st

Jan

uary

, 200

3...

......

2,94

6,29

810

,512

,876

1,64

9,59

13,

175,

143

18,2

83,9

08A

dditi

ons

......

......

...1,

500

--

106,

747

108,

247

Dis

posa

ls...

......

......

--

(182

,781

)-

(182

,781

)T

rans

fers

......

......

...(5

3,90

3)-

--

(53,

903)

At 3

1st D

ecem

ber,

200

3...

......

2,89

3,89

510

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1,46

6,81

03,

281,

890

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55,4

71

Dep

reci

atio

nA

t 1st

Jan

uary

, 200

3...

......

442,

999

1,37

8,04

71,

314,

304

1,89

0,37

45,

025,

724

Cha

rge

for

the

year

......

...57

,878

210,

258

124,

720

242,

124

634,

980

Dis

posa

ls...

......

......

--

(182

,780

)-

(182

,780

)T

rans

fers

......

......

...(8

,071

)-

--

(8,0

71)

At 3

1st D

ecem

ber,

200

3...

......

492,

806

1,58

8,30

51,

256,

244

2,13

2,49

85,

469,

853

Net

Boo

k Va

lue

At 3

1st D

ecem

ber,

200

3...

......

RM

2,40

1,08

9R

M8,

924,

571

RM

210,

566

RM

1,14

9,39

2R

M12

,685

,618

At 3

1st D

ecem

ber,

200

2...

......

RM

2,50

3,29

9R

M9,

134,

829

RM

335,

287

RM

1,28

4,76

9R

M13

,258

,184

Dep

reci

atio

n ch

arge

for

the

year

end

ed31

st D

ecem

ber,

200

2...

......

RM

2,76

4(R

M1,

069,

542)

RM

124,

722

RM

219,

067

(RM

722,

989)

16 November 20061,624


LE

MB

AG

A P

EM

BA

NG

UN

AN

PE

RU

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sing

and

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n D

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ent A

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TS

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003

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nt.)

3.P R

OPE

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Y, P

LA

NT

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D E

QU

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T - (c

ont.)

(a)

Titl

e to

cer

tain

bui

ldin

gs o

f th

e G

roup

and

of

the

Aut

hori

ty w

ith c

ost o

f R

M8,

841,

230

(200

2 : R

M8,

841,

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has

yet

to b

e is

sued

.

(b)

The

lon

g an

d sh

ort

term

lea

seho

ld l

and

and

buil

ding

s of

the

Gro

up a

re s

tate

d at

dir

ecto

rs’

valu

atio

n ba

sed

on p

rofe

ssio

nal

valu

atio

ns m

ade

by J

S V

alue

rs P

rope

rty

Con

sult

ant S

dn. B

hd.,

on th

e op

en m

arke

t bas

is c

ondu

cted

on

10th

Aug

ust,

2000

and

26th

May

, 200

0 re

spec

tivel

y.

(c)

Had

the

lon

g an

d sh

ort

term

lea

seho

ld l

and

and

buil

ding

s of

the

Gro

up b

een

carr

ied

at h

isto

rica

l co

st l

ess

accu

mul

ated

depr

ecia

tion,

the

net

boo

k va

lue

of t

he l

ong

and

shor

t te

rm l

ease

hold

lan

d an

d bu

ildin

gs o

f th

e G

roup

tha

t w

ould

hav

e be

enin

clud

ed in

the

fina

ncia

l sta

tem

ents

of t

he e

nd o

f the

yea

r wou

ld b

e R

M24

9,16

9 an

d R

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6 (2

002

: RM

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and

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resp

ectiv

ely.

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Cer

tain

long

term

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ehol

d la

nd o

f the

Gro

up a

nd A

utho

rity

are

cha

rged

to fi

nanc

ial i

nstit

utio

n as

sec

uriti

es fo

r ban

king

faci

litie

sgr

ante

d to

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trac

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cos

ting

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(200

2 : R

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Mot

or v

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le o

f the

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et b

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002

: RM

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as a

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4.I N

VE

STM

EN

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Auth

ority

2003

2002

RM

RM

Unq

uote

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ares

at c

ost

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......

......

......

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Less

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owan

ce f

or d

imin

utio

n in

val

ue...

......

......

......

...(4

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(485

,606

)

RM

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The

pri

ncip

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ctiv

ities

of

the

subs

idia

ries

, th

eir

plac

es o

f in

corp

orat

ion

and

the

inte

rest

of

Lem

baga

Pem

bang

unan

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umah

an d

anB

anda

r ar

e as

fol

low

s:

1,62516 November 2006


Ef

fect

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ners

hip

Prin

cipa

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ount

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tere

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Nam

e of

com

pany

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h

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ty d

evel

opm

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aysi

a95

95 C

orpo

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n Sd

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a Sd

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stru

ctio

n w

ork

unde

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alay

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of

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r re

ntal

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of c

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orks

and

rel

ated

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vice

s an

din

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nce

agen

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5.H

OU

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TO

RS

Gro

up a

nd A

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2003

2002

RM

RM

Low

cos

t hou

sing

......

......

......

......

......

......

22,9

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t sho

phou

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......

......

......

......

......

...1,

462,

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1,94

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al h

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ng...

......

......

......

......

......

15,1

11,2

7617

,353

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mer

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......

......

......

......

4,43

1,39

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222

Con

dom

iniu

m f

lats

......

......

......

......

......

......

8,58

6,85

39,

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940

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52,5

20,1

69R

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,737

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AG

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UN

AN

PE

RU

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- 31

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16 November 20061,626


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At y

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s of

the

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stil

l pen

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the

sub-

divi

sion

of

the

mas

ter

title

.

7.I N

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OR

IES

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OU

SE

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Gro

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utho

rity

Inve

ntor

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002

: RM

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re c

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t net

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8.D

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upAu

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ity20

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0320

02R

MR

MR

MR

M

Lan

d an

d de

velo

pmen

t cos

t...

......

...26

,214

,802

27,3

82,4

1314

,640

,681

16,1

87,7

34A

ttri

buta

ble

prof

its

......

......

...16

,013

,652

15,6

10,3

1653

,794

53,7

94

42,2

28,4

5442

,992

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14,6

94,4

7516

,241

,528

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: Pro

gres

s bi

llin

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......

......

(24,

126,

760)

(23,

203,

100)

(568

,962

)(5

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62)

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94R

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MR

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es...

......

......

......

......

......

...1,

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1,79

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ss: A

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ance

for

dou

btfu

l deb

ts...

......

......

......

......

(166

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)(1

66,2

75)

RM

1,23

5,63

7R

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515

LE

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UN

AN

PE

RU

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ND

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(Hou

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and

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n D

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)A

ND

IT

S SU

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ST

AT

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EN

TS

- 31

ST D

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1,62716 November 2006


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AG

A P

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BA

NG

UN

AN

PE

RU

MA

HA

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AN

BA

ND

AR

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sing

and

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ND

IT

S SU

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S

NO

TE

S T

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AT

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TS

- 31

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OT

HE

R R

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ND

PR

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YM

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upAu

thor

ity20

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0220

0320

02R

MR

MR

MR

M

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er r

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vabl

es, d

epos

its

and

prep

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,940

,304

24,9

44,7

0824

,566

,693

24,4

11,0

59Le

ss: A

llow

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for

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btfu

l deb

ts...

......

(10,

572,

031)

(10,

629,

486)

(10,

557,

591)

(10,

617,

590)

RM

14,3

68,2

73R

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,315

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14,0

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,793

,469

Incl

uded

in

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r re

ceiv

able

s, d

epos

its a

nd p

repa

ymen

ts o

f th

e G

roup

and

of

the

Aut

hori

ty a

re l

oans

to

empl

oyee

s am

ount

ing

toR

M43

,600

(20

02 :

RM

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85).

11.

AM

OU

NT

DU

E F

RO

M/T

O S

UB

SID

IAR

IES

The

am

ount

due

fro

m/to

sub

sidi

arie

s is

uns

ecur

ed, i

nter

est f

ree

and

has

no f

ixed

term

s of

rep

aym

ent.

12.

F IX

ED

DE

POSI

TS

Gro

upAu

thor

ity20

0320

0220

0320

02R

MR

MR

MR

M

Dep

osits

are

pla

ced

with

:L

icen

sed

bank

s...

......

......

...20

,255

,808

20,8

56,3

8516

,022

,619

15,9

60,3

25Fi

nanc

e co

mpa

nies

......

......

...4,

932,

357

4,48

2,06

53,

400,

000

3,00

0,00

0

RM

25,1

88,1

65R

M25

,338

,450

RM

19,4

22,6

19R

M18

,960

,325

16 November 20061,628


Incl

uded

in th

e fi

xed

depo

sits

are

:

(a)

an a

mou

nt o

f R

M20

0,00

0 (2

002

: R

M20

0,00

0) o

f th

e G

roup

hel

d on

lie

n by

a l

icen

sed

bank

to

secu

re t

he o

verd

raft

fac

ilitie

sgr

ante

d to

one

of

the

subs

idia

ries

(se

e N

ote

15).

(b)

an a

mou

nt o

f R

M6,

000,

000

(200

2 :

RM

6,00

0,00

0) o

f th

e G

roup

and

of

the

Aut

hori

ty h

eld

on l

ien

by a

lic

ense

d ba

nk f

or t

heov

erdr

aft f

acili

ties

of th

e A

utho

rity

(se

e N

ote

15).

(c)

an a

mou

nt o

f R

M N

il (2

002

: RM

10,4

25)

of th

e G

roup

and

of

the

Aut

hori

ty h

eld

on li

en b

y a

licen

sed

bank

for

a b

ank

guar

ante

eof

the

Aut

hori

ty.

13.

TR

AD

E P

AY

AB

LE

S

Incl

uded

in tr

ade

paya

bles

of

the

Gro

up a

nd th

e A

utho

rity

is r

eten

tion

sum

of

RM

3,75

2,56

0 (2

002

: RM

3,18

5,97

6) a

nd R

M3,

714,

779

(200

2 : R

M3,

139,

448)

res

pect

ivel

y.

14.

P RO

VIS

ION

Repa

ir a

ndG

roup

and

Aut

hori

tym

aint

enan

ceR

M

Bal

ance

at 1

st J

anua

ry, 2

003.

.....

......

......

......

......

......

......

4,28

7,87

4Pr

ovis

ion

mad

e du

ring

the

year

......

......

......

......

......

......

...76

9,77

6Pr

ovis

ion

used

dur

ing

the

year

......

......

......

......

......

......

...(1

44,5

83)

Prov

isio

n re

vers

ed d

urin

g th

e ye

ar...

......

......

......

......

......

......

(888

,086

)

Bal

ance

at 3

1st D

ecem

ber,

200

3...

......

......

......

......

......

......

RM

4,02

4,98

1

LE

MB

AG

A P

EM

BA

NG

UN

AN

PE

RU

MA

HA

N D

AN

BA

ND

AR

(Hou

sing

and

Tow

n D

evel

opm

ent A

utho

rity

)A

ND

IT

S SU

BSI

DIA

RIE

S

NO

TE

S T

O T

HE F

INA

NC

IAL

ST

AT

EM

EN

TS

- 31

ST D

EC

EM

BE

R, 2

003

- (co

nt.)

12.

FIX

ED

DE

POSI

TS

- (co

nt.)

1,62916 November 2006


15.

BA

NK

OV

ER

DR

AFT

S

The

ban

k ov

erdr

afts

of t

he G

roup

and

of t

he A

utho

rity

are

sec

ured

by

way

of f

ixed

dep

osits

of R

M6,

200,

000

(200

2 : R

M6,

200,

000)

and

RM

6,00

0,00

0 (2

002

: RM

6,00

0,00

0) h

eld

on li

en b

y th

e lic

ense

d ba

nks

resp

ectiv

ely

(see

Not

e 12

).

The

ban

k ov

erdr

afts

of

the

Gro

up a

nd o

f th

e A

utho

rity

are

sub

ject

to in

tere

st a

t 1.5

% (

2002

: 1.

5%)

per

annu

m a

bove

the

bank

’s b

ase

lend

ing

rate

res

pect

ivel

y.

16.

HIR

E P

UR

CH

AS

E C

RE

DIT

OR

Hir

e pu

rcha

se c

redi

tor

is p

ayab

le a

s fo

llow

s:

Paym

ents

Inte

rest

Prin

cipa

lPa

ymen

tsIn

tere

stPr

inci

pal

Gro

up20

0320

0320

0320

0220

0220

02R

MR

MR

MR

MR

MR

M

Les

s th

an o

ne y

ear

......

...11

,800

4,07

67,

804

11,8

805,

008

6,87

2

Bet

wee

n on

e an

d fi

ve y

ears

...45

,480

6,99

538

,485

47,5

2010

,715

36,8

05

Mor

e th

an f

ive

year

s...

...-

--

9,84

035

69,

484

45,4

806,

995

38,4

8557

,360

11,0

7146

,289

RM

57,3

60R

M11

,071

RM

46,2

89R

M69

,240

RM

16,0

79R

M53

,161

The

hir

e pu

rcha

se c

redi

tor

is s

ubje

ct to

a f

ixed

inte

rest

of

9.79

% (

2002

: 9.

79%

) pe

r an

num

.

LE

MB

AG

A P

EM

BA

NG

UN

AN

PE

RU

MA

HA

N D

AN

BA

ND

AR

(Hou

sing

and

Tow

n D

evel

opm

ent A

utho

rity

)A

ND

IT

S SU

BSI

DIA

RIE

S

NO

TE

S T

O T

HE F

INA

NC

IAL

ST

AT

EM

EN

TS

- 31

ST D

EC

EM

BE

R, 2

003

- (co

nt.)

16 November 20061,630


17.

TE

RM

LO

AN

Gro

up20

0320

02R

MR

MN

on c

urre

nt

Ter

m lo

an -

sec

ured

......

......

......

......

......

...R

M5,

756,

642

RM

5,86

6,62

5

Ter

ms

and

debt

s re

paym

ent s

ched

ule

Gro

upT

he te

rm lo

an o

f the

Gro

up is

cha

rged

at a

n in

tere

st ra

te o

f 8.3

1% (2

002

: 8.3

1%) p

er a

nnum

and

repa

id b

y ei

ther

one

of t

he fo

llow

ings

,w

hich

ever

is th

e ea

rlie

r:

(i)

By

rede

mpt

ion

of th

e ho

uses

/sho

phou

ses

base

d on

100

% o

f th

e se

lling

pri

ce.

(ii)

By

spre

adin

g on

e or

tw

o re

paym

ents

for

eac

h of

the

loa

ns f

or v

ario

us p

roje

cts

acco

rdin

gly

and

the

term

of

repa

ymen

ts r

angi

ngfr

om tw

elve

to th

irty

nin

e m

onth

s.

18.

S TA

TE

GO

VE

RN

ME

NT

LO

AN

SG

roup

and

Aut

hori

ty20

0320

02R

MR

MSt

ate

Gov

ernm

ent l

oans

- u

nsec

ured

Cur

rent

......

......

......

......

......

......

...15

,740

,858

14,9

48,2

46N

on-c

urre

nt...

......

......

......

......

......

...9,

738,

824

9,55

9,64

3

RM

25,4

79,6

82R

M24

,507

,889

LE

MB

AG

A P

EM

BA

NG

UN

AN

PE

RU

MA

HA

N D

AN

BA

ND

AR

(Hou

sing

and

Tow

n D

evel

opm

ent A

utho

rity

)A

ND

IT

S SU

BSI

DIA

RIE

S

NO

TE

S T

O T

HE F

INA

NC

IAL

ST

AT

EM

EN

TS

- 31

ST D

EC

EM

BE

R, 2

003

- (co

nt.)

1,63116 November 2006


LE

MB

AG

A P

EM

BA

NG

UN

AN

PE

RU

MA

HA

N D

AN

BA

ND

AR

(Hou

sing

and

Tow

n D

evel

opm

ent A

utho

rity

)A

ND

IT

S SU

BSI

DIA

RIE

S

NO

TE

S T

O T

HE F

INA

NC

IAL

ST

AT

EM

EN

TS

- 31

ST D

EC

EM

BE

R, 2

003

- (co

nt.)

Ter

ms

and

debt

s re

paym

ent s

ched

ule

Und

er1

to 2

2 to

5O

ver 5

Gro

up a

nd A

utho

rity

Tota

l1

year

year

sye

ars

year

sR

MR

MR

MR

MR

M20

03

Uns

ecur

ed S

tate

Gov

ernm

ent l

oans

-fi

xed

at 4

%...

......

...R

M25

,479

,682

RM

15,7

40,8

58R

M77

1,17

5R

M2,

624,

248

RM

6,34

3,40

1

2002

Uns

ecur

ed S

tate

Gov

ernm

ent l

oans

- f

ixed

at 4

%...

......

...R

M24

,507

,889

RM

14,9

48,2

46R

M68

0,88

6R

M2,

778,

753

RM

6,10

0,00

4

19.

F ED

ER

AL

GO

VE

RN

ME

NT

LO

AN

SG

roup

and

Aut

hori

ty20

0320

02R

MR

M

Fede

ral G

over

nmen

t loa

ns -

uns

ecur

edC

urre

nt...

......

......

......

......

......

...3,

113,

163

2,99

0,88

4N

on-c

urre

nt...

......

......

......

......

......

...36

,160

,291

36,1

32,8

57

RM

39,2

73,4

54R

M39

,123

,741

18.

STA

TE

GO

VE

RN

ME

NT

LO

AN

S - (

cont

.)

16 November 20061,632

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