Annual Report (Complete) - MYCRON Steel Berhad

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Notes to the Financial Statements 30 June 2010 (continued) 11. TAXATION (continued) Group Company 2010 RM 2009 RM 2010 RM 2009 RM Deferred tax (Note 17): - origination and reversal of temporary differences - over accrual in prior financial year 6,484,762 (224,277) (9,613,422) (1,921,103) (1,250) - 11,250 (12,500) 6,260,485 (11,534,525) (1,250) (1,250) 6,767,904 (11,301,622) 468,111 1,360,767 The explanation of the relationship between tax expense/(credit) and profit/(loss) before tax is as follows: Group Company 2010 RM 2009 RM 2010 RM 2009 RM Numerical reconciliation between tax expense/ (credit) and the product of accounting profit/ (loss) multiplied by the Malaysian tax rate Profit/(loss) before tax 32,262,734 (49,656,412) (4,371,630) 819,064 Tax calculated at the Malaysian tax: - tax rate of 25% (2009: 25%) 8,065,684 (12,414,103) (1,092,908) 204,766 Tax effects of: - share of results of an associate - expenses not deductible for tax purposes - double deductions - reinvestment allowance tax credit (claimed)/ clawback - income not subject to tax - under/(over) accrual in prior financial year (net) 24,406 1,459,444 (63,550) (218,729) (2,539,932) 40,581 30,375 2,291,077 (82,972) 808,333 (21,904) (1,912,428) - 1,299,340 - - (3,179) 264,858 - 1,157,901 - - (2,188) 288 Tax expense/(credit) 6,767,904 (11,301,622) 468,111 1,360,767 12. EARNINGS/(LOSS) PER SHARE (a) Basic earnings per share Group Profit/(loss) attributable to ordinary shareholders Weighted average number of ordinary shares Basic earnings/(loss) per share (sen) 2010 RM 25,494,830 177,998,330 14.32 2009 RM (38,354,790) 178,589,510 (21.48) (b) Diluted earnings/(loss) per share Diluted loss per share in the previous financial year is the same as the basic loss per share as there is no potential ordinary shares. pg 67 | Mycron Steel Berhad
Notes to the Financial Statements 30 June 2010 (continued) 13. PROPERTY, PLANT AND EQUIPMENT Plant, Furniture, machinery fittings Freehold and electrical Motor and office land Buildings installation vehicles equipment Total RM RM RM RM RM RM Group 2010 Cost/Valuation At 1 July 2009 - cost - - - 1,680,243 526,890 2,207,133 - valuation 28,900,000 72,002,979 222,796,394 - - 323,699,373 Additions - - 4,455,835 351,097 - 4,806,932 Disposal - - (1,730,167) (253,500) - (1,983,667) At 30 June 2010 28,900,000 72,002,979 225,522,062 1,777,840 526,890 328,729,771 Analysed by: - cost - - 4,455,835 1,777,840 526,890 6,760,565 - valuation 28,900,000 72,002,979 221,066,227 - - 321,969,206 28,900,000 72,002,979 225,522,062 1,777,840 526,890 328,729,771 Accumulated depreciation At 1 July 2009 - 5,175,524 27,018,174 936,193 310,958 33,440,849 Charge for the financial year - 1,878,814 8,932,420 167,418 39,862 11,018,514 Disposal - - (1,646,063) (211,250) - (1,857,313) At 30 June 2010 - 7,054,338 34,304,531 892,361 350,820 42,602,050 Net book value At 30 June 2010 - cost - - 4,092,892 885,479 176,070 5,154,441 - valuation 28,900,000 64,948,641 187,124,639 - - 280,973,280 28,900,000 64,948,641 191,217,531 885,479 176,070 286,127,721 Group 2009 Cost/Valuation At 1 July 2008 - cost - - - 1,680,243 511,927 2,192,170 - valuation 28,900,000 71,879,357 222,945,041 - - 323,724,398 Additions - 123,622 5,240,239 - 14,963 5,378,824 Rebate received from supplier - - (5,388,886) - - (5,388,886) At 30 June 2009 28,900,000 72,002,979 222,796,394 1,680,243 526,890 325,906,506 Analysed by: - cost - - - 1,680,243 526,890 2,207,133 - valuation 28,900,000 72,002,979 222,796,394 - - 323,699,373 28,900,000 72,002,979 222,796,394 1,680,243 526,890 325,906,506 pg 68 | Mycron Steel Berhad
Page 2 and 3:
Contents Notice of Seventh (7th) An
Page 4 and 5:
Notice of Seventh Annual General Me
Page 6 and 7:
Chairman’s Statement On behalf of
Page 8 and 9:
Chairman’s Statement (continued)
Page 10 and 11:
Corporate Information Domicile : Ma
Page 12 and 13:
Mycron Steel Berhad pg 11 | Mycron
Page 14 and 15:
Quality Recognition pg 13 | Mycron
Page 16 and 17:
Profile of Directors Tunku Dato’
Page 18 and 19: Profile of Directors (continued) Da
Page 20 and 21: Profile of Directors (continued) En
Page 22 and 23: Analysis of Shareholdings As at 15
Page 24 and 25: Analysis of Shareholdings As at 15
Page 26 and 27: Statement on Corporate Governance (
Page 36 and 37: Statement on Internal Control 1. In
Page 38 and 39: Statement on Internal Control (cont
Page 40 and 41: Audit Committee Report (continued)
Page 42 and 43: Directors’ Report for the financi
Page 44 and 45: Directors’ Report for the financi
Page 46 and 47: Statement by Directors Pursuant to
Page 48 and 49: Income Statements for the financial
Page 50 and 51: Consolidated Statement of Changes i
Page 52 and 53: Cash Flow Statements for the financ
Page 54 and 55: Notes to the Financial Statements 3
Page 82 and 83: THIS PAGE HAS BEEN INTENTIONALLY LE
Page 84 and 85: FORM OF PROXY (please refer to the
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Annual Report (Complete) - MYCRON Steel Berhad

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