Utusan Melayu (Malaysia) Bhd - Announcements

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Notes T O T HE A CCOUNTS for the year ended 31 December 1999 3. PRINCIPAL ACTIVITIES AND TURNOVER The principal activities of the Company during the financial year are to carry out the business of publication, printing and distribution of newspapers, magazines and books. The principal activities of the subsidiary companies during the financial year are set out in note 15 to the accounts. There have been no significant changes in the nature of these activities during the financial year. Turnover of the Group and of the Company represents advertising income, commission income and sales at invoiced value after discounts, sales tax and returns and is made up of the following:- 42 Utusan Melayu (Malaysia) Berhad The Group The Company 1999 1998 1999 1998 RM RM RM RM Publishing and distribution 149,971,530 144,147,529 134,585,143 129,839,770 Printing 8,596,173 7,384,115 — — Advertisements 125,470,215 104,674,856 71,077,625 58,664,702 Investment holding and management services 1,396,787 1,039,580 — — Information technology and multimedia 11,866,711 5,081,226 — — 4. OPERATING PROFIT/(LOSS) BEFORE TAXATION 297,301,416 262,327,306 205,662,768 188,504,472 The Group The Company 1999 1998 1999 1998 RM RM RM RM Operating profit/(loss) before taxation is stated after charging:- Directors’ remuneration: Fees – Directors of the Company 444,205 150,000 444,205 150,000 – Directors of subsidiary companies 143,643 90,000 — — Other emoluments – Directors of the Company 898,892 846,451 1,015,344 846,451 – Directors of subsidiary companies 241,325 261,900 — — Depreciation of fixed assets 24,699,095 22,465,100 12,986,358 11,840,329 Rental of premises 1,966,701 1,886,252 1,074,474 1,861,061
Notes T O T HE A CCOUNTS for the year ended 31 December 1999 4. OPERATING PROFIT/(LOSS) BEFORE TAXATION (CONT’D.) The Group The Company 1999 1998 1999 1998 RM RM RM RM Operating profit/(loss) before taxation is stated after charging:- Interest expense – Revolving underwriting facility 7,308,054 5,417,700 7,308,054 5,417,700 – Term loans 424,661 1,118,022 101,151 180,634 – Hire purchase 653,429 687,756 157,840 154,347 – Overdraft 1,257,595 1,148,327 362,972 456,641 – Others 1,757,595 4,272,321 1,388,225 3,621,612 Auditors’ remuneration 181,620 163,375 50,000 50,000 Retirement benefits 3,568,152 3,642,871 2,554,803 3,099,005 Provision for doubtful debts 2,659,557 9,507,780 1,526,333 4,983,823 Provision for diminution in value of investments 45,660 — 45,660 — Provision for diminution in value of investment in subsidiary companies — — 260,000 — Provision for amount owing by subsidiary companies — — 2,886,969 728,501 Goodwill on consolidation written off 623,433 — — — Loss on sale of fixed assets 29,374 66,938 — — and crediting:- Dividends received (gross) from quoted investments 6,670 5,173 1,770 2,041 Dividends received (gross) from associated companies — — 1,327,200 370,800 Dividends received (gross) from subsidiary companies (unquoted) — — — 159,600 Gain on disposal of fixed assets 426,921 31,000 360,921 31,000 Interest income from fixed deposits 447,959 1,425,945 13,931 121,300 Interest income from subsidiary companies — — 1,854,131 1,543,733 Rental of premises 1,397,856 1,043,738 993,458 753,088 Directors’ money value of benefits-in-kind 237,374 204,000 228,374 96,000 Utusan Melayu (Malaysia) Berhad 43
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 and 40: Profit A ND L OSS A CCOUNT for the
Page 41 and 42: Consolidated C ASH F LOW S TATEMENT
Page 43: Notes T O T HE A CCOUNTS for the ye
Page 47 and 48: 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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