2004 - Hiap Teck Venture Berhad

More documents

Recommendations

Info

18. DEFERRED TAX GROUP COMPANY 2004 2003 2004 2003 RM'000 RM'000 RM'000 RM'000 At 1 August - As previously stated (6,161) (4,813) 19 - - Prior year adjustment (3,178) (3,178) - - - As restated (9,339) (7,991) 19 - Recognised in income statement (Note 25) 2,086 (456) 351 19 Recognised in equity - (892) - - At 31 July (7,253) (9,339) 370 19 Presented after appropriate offsetting as follows: Deferred tax assets 1,056 46 370 19 Deferred tax liabilities Subject to income tax (4,239) (5,315) - - Subject to capital gain tax (4,070) (4,070) - - (8,309) (9,385) - - At 31 July (7,253) (9,339) 370 19 The components and movements of deferred tax liabilities and assets during the financial year prior to offsetting are as follows: Deferred Tax Assets of the Group Unabsorbed Reinvestment/ Other Other Capital Investment Payables Allowance Total RM'000 RM'000 RM'000 RM'000 At 1 August 2002 - (98) 1,141 1,043 Recognised in the income statement - 167 (1,032) (865) At 31 July 2003 - 69 109 178 Recognised in the income statement 149 760 1,935 2,844 At 31 July 2004 149 829 2,044 3,022 Deferred Tax Liabilities of the Group Property, Revaluation Plant and Reserve Equipment Total RM'000 RM'000 RM'000 At 1 August 2002 - (5,856) (5,856) Recognised in the income statement - 409 409 Recognised in equity (892) - (892) At 31 July 2003 - As previously stated (892) (5,447) (6,339) - Prior year adjustment (3,178) - (3,178) - As restated (4,070) (5,447) (9,517) Recognised in the income statement - (758) (758) At 31 July 2004 (4,070) (6,205) (10,275) HIAP TECK VENTURE BERHAD 43
18. DEFERRED TAX (CONT’D) Deferred Tax Assets of the Company Unabsorbed Other Capital Payables Allowance Total RM'000 RM'000 RM'000 At 1 August 2003 - - - Recognised in the income statement 329 123 452 At 31 July 2004 329 123 452 Deferred Tax Liabilities of the Company Property, Plant and Equipment RM'000 At 1 August 2002 - Recognised in the income statement 19 At 31 July 2003 19 Recognised in the income statement (101) At 31 July 2004 (82) 19. REVENUE GROUP COMPANY 2004 2003 2004 2003 RM'000 RM'000 RM'000 RM'000 Sale of goods 681,214 475,064 - - Rental of scaffolding 4,076 2,867 - - Transport charges 462 272 - - Slitting and forming charges 96 - - - Dividend income - - 9,176 - Rental of properties - - 4,710 785 Management fee - - 2,460 - 685,848 478,203 16,346 785 20. COST OF SALES GROUP 2004 2003 RM'000 RM'000 Cost of inventories sold 589,959 411,353 Cost of equipment for hire 3,290 2,683 Cost of services rendered 2,106 1,891 595,355 415,927 44 HIAP TECK VENTURE BERHAD
Page 1 and 2: 2004 annual report C R E A T I N G
Page 3 and 4: CORPORATE STRUCTURE 100% 100% 100%
Page 5 and 6: PROFILE OF THE BOARD OF DIRECTORS T
Page 7 and 8: CHAIRMAN’S STATEMENT On behalf of
Page 9 and 10: FINANCIAL HIGHLIGHTS Revenue (RM’
Page 11 and 12: The Company’s Articles of Associa
Page 13 and 14: STATEMENT ON INTERNAL CONTROL The B
Page 15 and 16: AUDIT COMMITTEE REPORT The Audit Co
Page 17 and 18: 6. Audit Committee Report The Commi
Page 19 and 20: Directors’ Report The directors h
Page 21 and 22: ISSUE OF SHARES AND INITIAL PUBLIC
Page 23 and 24: Statement by Directors Pursuant to
Page 25 and 26: Balance Sheets as at 31 July 2004 N
Page 27 and 28: Consolidated Statement of Changes i
Page 29 and 30: Cash Flow Statements for the year e
Page 31 and 32: Notes to the Financial Statements 3
Page 33 and 34: 2. SIGNIFICANT ACCOUNTING POLICIES
Page 35 and 36: 2. SIGNIFICANT ACCOUNTING POLICIES
Page 37 and 38: 3. PROPERTY, PLANT AND EQUIPMENT (C
Page 39 and 40: 5. OTHER INVESTMENTS GROUP COMPANY
Page 41 and 42: 11. CASH AND CASH EQUIVALENTS GROUP
Page 43: 14. TRADE PAYABLES The normal trade
Page 47 and 48: 23. DIRECTORS' REMUNERATION Directo
Page 49 and 50: 25. TAXATION (CONT’D) Company 200
Page 51 and 52: 30. SIGNIFICANT RELATED PARTY TRANS
Page 53 and 54: 33. SIGNIFICANT EVENTS In conjuncti
Page 55 and 56: 34. SEGMENTAL INFORMATION (CONT’D
Page 57 and 58: Analysis of Shareholdings as at 15
Page 59 and 60: DIRECTORS’ SHAREHOLDING as at 15
Page 61 and 62: financial year, amongst others, on
Page 63 and 64: Statement Accompanying Notice of An
Page 65 and 66: Company Secretaries HIAP TECK VENTU

2004 - Hiap Teck Venture Berhad

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?