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Example of Annual Report

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Example of Annual Report

  1. 1. ANNUAL REPORT “SAPURA RESOURCES BERHAD” FINANCIAL ACCOUNTING SMW 2033 Submitted to: PROF WAN MADZNAH BINTI WAN IBRAHIM Prepared by: WAN ATHIRAH BT WAN MOHD BAHRUDDIN COURSE : FINANCIAL MATHEMATICS GROUP : B (TSD 1)
  2. 2. 1 TABLE OF CONTENTS NO ITEMS PAGE 1 Name of Company 2 2 Location 2 3 Type of Business 2 – 3 4 Subsidiary of Company 3 5 Year of Organizing And Establishment 3 6 Capital 4 7 Chairman of Company 4 8 Board of Directors 5 9 Auditor 6 10 Type of Report 6 – 7 11 Financial Report 7 – 9
  3. 3. 2 1) NAME OF COMPANY Sapura Resources Berhad. 2) LOCATION Sapura@Mines, No. 7 Jalan Tasik, The Mines Resort City, 43300 Seri Kembangan, Selangor Darul Ehsan, Malaysia. Contact: Tel: +60(3) 8949 7000 Fax: +60(3) 8949 7046 E-mail: www.sapura.com.my 3) TYPE OF BUSINESS For over three decades, the Sapura Group has taken the lead in the acquisition and development of strategic technologies. Established in 1975, the Sapura Group is a 100% Malaysian-owned technology-based organization. From humble beginnings as a telecommunications infrastructure & service provider, the Group has expanded and diversified its businesses across four major business areas:
  4. 4. 3 Oil & Gas Secured Technologies Industrial & Automotive Manufacturing Knowledge & Education Over the years, Sapura's business is backed by a fundamental belief in integrating People with Technology. Sapura's persistent efforts in capability-building of home- grown talents and aggressive investment in R&D have positioned the Group to be globally competitive, producing highly-specialized and multi-skilled pool of technology experts. Sapura Group today has capabilities and competencies that cover the full lifecycle of systems and products. 4) SUBSIDERY OF COMPANY The Company was founded in 1975 and is based in seri Kembangan, Malaysia. Sapura Resources Bhd, is a subsidiary of Sapura Holdings Sdn Bhd. Besides, includes APIIT Sdn Bhd, Asia Pacific UCTI Sdn Bhd and Sapura Auto Sdn Bhd 5) YEAR OF ORGANIZING OR ESTABLISHMENT Established: in 1975, the Sapura Group is a 100% Malaysian-owned technology-based organization. Status: Listed Legal Form: Public Limited Company Operational Status: Operational ISIN CODE: MYL4596OO002 Financial Auditors: Ernst & Young (2010) Incorporation Date: December 19, 1957 Total Employees: 217
  5. 5. 4 6) CAPITAL Dividend: Reflecting the Group’s confidence in its prospects and as a gesture of appreciation to its loyal shareholders, SRB announced a special dividend of 9.35 cent per ordinary share of RM1.00 each less tax on 24 January 2011. This payout amounted to RM9.8 million and was paid on 28 February 2011. Capital: 7) CHAIRMAIN OF COMPANY Tan Sri Dato’ Seri Ir. Shamsuddin bin Abdul Kadir Chairman Non-Independent Non-Executive Sapura Resources Berhad Paid-up Capital RM 139,600,000 100% SRB Ventures Sdn Bhd 100% Uniphone Properties Sdn Bhd 100% Sapura Auto Sdn Bhd 100% Nova Embun Sdn Bhd 51% Inter-Flex Assets Sdn Bhd 51% Kudos Asia Pasific Sdn Bhd 49% APIIT Sdn Bhd 49% Asia Pacific UCTI Sdn Bhd 24% Tenaga Cable Industries Sdn Bhd
  6. 6. 5 8) BOARD OF DIRECTORS Tan Sri Dato’ Seri Ir. Shamsuddin bin Abdul Kadir Chairman Non-Independent Non- Executive Encik Shahriman bin Shamsuddin Managing Director Datuk Shahril bin Shamsuddin Non-Independent Non- Executive Director Tan Sri Datuk Amar (Dr.) Hamid bin Bugo Independent Non- Executive Director Datuk Khalid bin Abdul Karim Senior Independent Non-Executive Director Dato’ Fauziah binti Dato’ Ismail Independent Non- Executive Director Encik Muthanna bin Abdullah Independent Non- Executive Director Ms Gee Siew Yoong Independent Non- Executive Director
  7. 7. 6 9) AUDITOR BOARD AUDIT COMMITTEE i. Datuk Khalid bin Abdul Karim ii. Encik Muthanna bin Abdullah iii. Ms Gee Siew Yoong Board Nomination and Remuneration Committee i. Tan Sri Dato’ Seri Ir. Shamsuddin bin Abdul Kadir ii. Tan Sri Datuk Amar (Dr.) Hamid bin Bugo iii. Datuk Khalid bin Abdul Karim iv. Encik Muthanna bin Abdullah DIRECTOR IN CHARGE OF SHAREHOLDERS’ COMMUNICATIONS Datuk Khalid bin Abdul Karim Senior Independent Non-Executive Director Auditor Ernst & Young Chartered Accountants Level 23A, Menara Milenium Jalan Damanlela Pusat Bandar Damansara 50490 Kuala Lumpur 603-7495 8000 603-2095 9076/78 10) TYPE OF REPORT The Board has taken appropriate steps to present a clear, balanced and comprehensive assessment of the Group’s position and prospects by ensuring quality financial reporting to its shareholders, investors and regulatory authorities.
  8. 8. 7 Quarterly financial results and annual financial statements are reviewed and deliberated upon by the BAC to ensure the accuracy and adequacy of such information, prior recommendation to the Board for its approval and for public release. Representatives from the External Auditors and Internal Audit of the Company also attended the Company’s BAC Meetings held during the financial year ended 31 January 2011, to provide their independent and professional views on the Group and its performance. 11) FINANCIAL REPORT 2011 2010 2009 2008 Profitability Ratio Return on Equity 21.855 4.061 -3.182 -4.525 Return on Total Assets 10.961 1.647 -1.231 -1.89 Return on Revenue 222.281 36.276 -1.964 -3.261 Investment Ratio P/E Ratio 4.382 10.046 -4.923 -6.394 Dividend Yield 0.0 0.0 0.0 0.0 Dividend Payout 0.0 0.0 0.0 0.0 Liquidity Ratio Current Ratio 1.429 0.591 0.559 0.493 Quick Ratio 1.414 0.315 0.23 0.272 Financial Leverage Ratio Interest Coverage Ratio (times) -3.761 -2.331 1.129 0.183 Total Debt Equity Ratio 0.468 0.946 1.109 0.582 Leverage Ratio 0.994 1.465 1.585 1.394 Performance Ratio Gross EPS (Sen) 27.84 4.33 -3.25 -4.77 Dividend (Sen) 0.00 0.00 0.00 0.00 Income Statement (MYR '000) 2011 2010 2009 2008 Turnover 17486.0 16653.0 231182.0 204352.0 Operating Profit -13489.0 -682.0 10322.0 -2298.0 Profit/loss Before Tax 607.0 -4386.0 1474.0 -10308.0 Taxation 359.0 -1621.0 -6015.0 3645.0 Profit After Tax 966.0 -6007.0 -4541.0 -6663.0 Extraordinary Items 37902.0 12048.0 0.0 0.0
  9. 9. 8 Minority Interest 0.0 0.0 0.0 0.0 Net Profit/loss To Shareholders 38868.0 6041.0 -4541.0 -6663.0 Gross EPS (Sen) 27.84 4.33 -3.25 -4.77 Dividend (Sen) 0.00 0.00 0.00 0.00 Balance Sheet (MYR '000) 2011 2010 2009 2008 CURRENT ASSETS Cash And Bank Balances 14628.0 19026.0 9026.0 4586.0 Short Term Investment 307.0 193.0 63.0 125.0 Stocks 1584.0 33555.0 41221.0 23177.0 Debtors / Receivables 2747.0 15545.0 19773.0 23786.0 Other Current Assets 129173.0 3454.0 0.0 0.0 TOTAL CURRENT ASSETS 148439.0 71773.0 70083.0 51674.0 CURRENT LIABILITIES Short-term Loans 13182.0 50376.0 61417.0 57162.0 Creditors / Payables 37793.0 70974.0 63465.0 47619.0 Taxation 127.0 0.0 422.0 19.0 Dividends 0.0 0.0 0.0 0.0 Other Current Liabilities 52753.0 0.0 0.0 0.0 TOTAL CURRENT LIABILITIES 103855.0 121350.0 125304.0 104800.0 NET CURRENT ASSETS 44584.0 -49577.0 -55221.0 -53126.0 LONG-TERM ASSETS Property, Plant And Equipment 186680.0 293001.0 297296.0 297081.0 Investments 19476.0 1666.0 1345.0 1053.0 Intangible Assets 0.0 259.0 259.0 2697.0 Other Long Term Assets 0.0 0.0 0.0 0.0 TOTAL LONG-TERM ASSETS 206156.0 294926.0 298900.0 300831.0 SHAREHOLDERS FUND Share Capital 139600.0 139600.0 139600.0 139600.0 Treasury Shares 0.0 0.0 0.0 0.0
  10. 10. 9 Reserves 38242.0 9163.0 3122.0 7663.0 TOTAL SHAREHOLDERS FUND 177842.0 148763.0 142722.0 147263.0 MINORITY INTEREST 0.0 0.0 0.0 0.0 LONG-TERM LIABILITIES 72898.0 96586.0 100957.0 100442.0 Cash flow Statement (MYR '000) 2011 2010 2009 2008 Cash Flows From Operating Activities 56493.0 41316.0 22364.0 -84.0 Cash Flows From Investing Activities 38947.0 -6302.0 -9379.0 -7672.0 Cash Flows From Financing Activities -66017.0 -24161.0 -1934.0 3007.0 Net Changes In Cash And Cash Equivalents 29423.0 10853.0 11051.0 -4749.0 Cash And Cash Equivalents Brought Forward 19026.0 8173.0 -2878.0 1871.0 Cash And Cash Equivalents Carried Forward 48449.0 19026.0 8173.0 -2878.0

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