Utusan Melayu (Malaysia) Bhd - Announcements

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Balance S HEET as at 31 December 1999 38 Utusan Melayu (Malaysia) Berhad Note 1999 1998 RM RM Share capital 8 77,372,837 77,372,837 Reserves 9 66,387,817 59,123,297 143,760,654 136,496,134 Long term liabilities Revolving underwriting facility 10 105,000,000 105,000,000 Term loans 11 9,732,202 14,580,810 Retirement benefits 14,494,143 12,972,301 Deferred taxation 12 3,986,000 3,986,000 Lease and hire purchase creditors 13 544,543 434,308 133,756,888 136,973,419 277,517,542 273,469,553 Fixed assets 14 242,018,802 227,741,965 Subsidiary companies 15 85,460,044 73,286,786 Associated companies 16 1,117,836 1,125,761 Investments 17 213,939 259,599 Current assets 18 50,695,258 63,732,559 Less: Current liabilities 21 101,988,337 92,677,117 Net current liabilities (51,293,079) (28,944,558) The above balance sheet is to be read in conjunction with the notes to the accounts on pages 40 to 65. Auditors’ Report – Page 34. 277,517,542 273,469,553
Consolidated C ASH F LOW S TATEMENT for the year ended 31 December 1999 1999 1998 RM RM CASH FLOWS FROM/(USED IN) OPERATING ACTIVITIES Cash receipts from customers 290,097,509 263,075,617 Cash paid to suppliers, employees and for operating expenses (219,512,806) (248,931,395) Cash generated from operations 70,584,703 14,144,222 Interest paid (11,401,334) (14,989,945) Income tax paid (5,136,393) (2,593,820) Net cash from/(used in) operating activities 54,046,976 (3,439,543) CASH FLOWS FROM/(USED IN) INVESTING ACTIVITIES Purchase of fixed assets (33,552,354) (47,279,917) Purchase of investments (450,000) — Acquisition of a subsidiary company, net of cash acquired (note 24) (389,845) — Net dividends received from associated companies 955,586 — Proceeds from disposal of fixed assets 1,139,737 2,024,329 Interest received 447,959 1,425,945 Dividends received 1,770 270,701 Net cash used in investing activities (31,847,147) (43,558,942) CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES Proceeds from revolving underwriting facility — 105,000,000 Repayment of short term borrowings (12,315,654) (68,563,301) Repayment of hire purchase facilities (1,692,798) (3,096,390) Repayment of term loans (4,879,070) (3,994,118) Dividends paid to the shareholders of the Company — (3,899,591) Net cash (used in)/from financing activities (18,887,522) 25,446,600 Effects of the exchange rate changes on cash and cash equivalents (496) 3,289 Net increase/(decrease) in cash and cash equivalents during the financial year 3,311,811 (21,548,596) Cash and cash equivalents at beginning of the financial year 5,138,627 26,687,223 Cash and cash equivalents at end of the financial year 8,450,438 5,138,627 Cash and cash equivalents comprise the following:- Fixed deposits with licensed banks 12,331,994 11,626,914 Cash and bank balances 13,732,258 7,412,883 Bank overdrafts (17,613,814) (13,901,170) 8,450,438 5,138,627 The above consolidated cash flow statement is to be read in conjunction with the notes to the accounts on pages 40 to 65. Auditors’ report – Page 34. Utusan Melayu (Malaysia) Berhad 39
Page 1 and 2: UTUSAN MELAYU (MALAYSIA) BERHAD 717
Page 3 and 4: C o r p o r a t e M i s s i o n •
Page 5: 8. To transact any other ordinary b
Page 8 and 9: Corporate I NFORMATION BOARD OF DIR
Page 10 and 11: Senior M ANAGEMENT Tan Sri Kamarul
Page 13 and 14: Royal Code Of Conduct The Taj al-Sa
Page 15 and 16: AUTHORITY The Committee is authoris
Page 17: CONSOLIDATED PROFIT AND LOSS ACCOUN
Page 20 and 21: Chairman’s S TATEMENT Dear Shareh
Page 22 and 23: Chairman’s S TATEMENT Our Adverti
Page 24 and 25: Chairman’s S TATEMENT A new chapt
Page 26 and 27: Chairman’s S TATEMENT In the othe
Page 28 and 29: Corporate C ALENDAR 1 4 February 19
Page 31 and 32: Sentiments and Sensitivity of Love
Page 33 and 34: Directors’ R EPORT for the year e
Page 35 and 36: Directors’ R EPORT for the year e
Page 37 and 38: Consolidated P ROFIT A ND L OSS A C
Page 39: Profit A ND L OSS A CCOUNT for the
Page 43 and 44: Notes T O T HE A CCOUNTS for the ye
Page 69 and 70: List O F P ROPERTIES as at 31 Decem
Page 71 and 72: List O F P ROPERTIES as at 31 Decem
Page 73 and 74: I/We of being a member/members of U
Page 75: Azizi Meor Ngah 36, Jalan Jelutong

Utusan Melayu (Malaysia) Bhd - Announcements

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