I-Berhad (7029-H) - Bursa Malaysia

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Financial Statements 24 28 28 29 30 31 32 35 36 37 58 60 Directors’ Report Statement By Directors Statutory Declaration Auditors’ Report Consolidated Balance Sheet Consolidated Profit And Loss Account Consolidated Cash Flow Statement Balance Sheet Profit And Loss Account Notes To The Accounts Analysis Of Shareholdings List Of Properties Proxy Form
24 The directors hereby submit their report together with the audited accounts of the Company and of the Group for the financial year ended 31 December, 1999. Principal Activities The principal activities of the Company are the manufacture of household electrical appliances and investment holding. The principal activities of the subsidiaries are described in Note 10 to the accounts. There have been no significant changes in these principal activities during the financial year. Change of Name The Company changed its name from Neico Industries (M) <strong>Berhad</strong> to I-<strong>Berhad</strong> on 12 August, 1999. Results Group Company RM RM Loss after taxation (5,491,616) (6,628,760) Retained profits brought forward and available for appropriation 3,496,872 3,825,365 Less: Proposed first and final tax exempt dividend of 1% (201,960) (201,960) 3,294,912 3,623,405 Accumulated loss carried forward (2,196,704) (3,005,355) Dividends Since the end of the previous financial year, the Company paid a first and final tax exempt dividend of 6% amounting to RM1,211,760 on 27 September, 1999 in respect of the previous financial year. The directors now recommend a first and final tax exempt dividend of 1% amounting to RM201,960 in respect of the current financial year, subject to the approval from the Ministry of Finance. Reserves and Provisions There were no material transfers to or from reserves or provisions during the financial year, other than those disclosed in the accounts. Bad and Doubtful Debts Directors’ Report ...for the year ended 31 Jan 1999 Before the profit and loss accounts and balance sheets were made out, the directors took reasonable steps to ascertain that action had been taken in relation to the writing off of bad debts and the making of provision for doubtful debts and satisfied themselves that there were no known bad debts that need to be written off and that adequate provision had been made for doubtful debts.
Page 1: I-Berhad (7029-H) innovative intell
Page 5 and 6: 02 I-Berhad was established on 2 Fe
Page 7 and 8: 04 Directors Mr Lim Kim Hong - Chai
Page 9 and 10: 06 I-Berhad (7029-H) (formerly know
Page 11 and 12: 08 Lim Kim Hong, 49, appointed Chai
Page 13 and 14: 10 From left to right 1. Chan Yit H
Page 15 and 16: 12 Dear Shareholders, On behalf of
Page 17 and 18: 14 Chairman’s Statement ... cont
Page 19 and 20: 16 CEO’s Review I am pleased to i
Page 21 and 22: 18 The new Management has also unde
Page 23 and 24: 20 April 1999 Sumurwang Group was o
Page 25: 22 5 November 1999 Tied-up with Gut
Page 29 and 30: 26 Significant Event The significan
Page 31 and 32: 28 We, EU HONG CHEW and TEY SIEW TH
Page 33 and 34: 30 1999 1998 Current Assets Note RM
Page 35 and 36: 32 1999 1998 Cash Flows from Operat
Page 37 and 38: 34 B. Segment Information Cash flow
Page 39 and 40: 36 1999 1998 Note RM RM Turnover 18
Page 41 and 42: 38 3. Significant Accounting Polici
Page 43 and 44: 40 8. Bank Borrowings (Secured) Gro
Page 45 and 46: 42 11.Quoted Investment, at Cost Gr
Page 47 and 48: 44 12.Fixed Assets (cont’d) Net B
Page 49 and 50: 46 12.Fixed Assets (cont’d) Accum
Page 51 and 52: 48 12.Fixed Assets (cont’d) Compa
Page 53 and 54: 50 12.Fixed Assets (cont’d) Accum
Page 55 and 56: 52 14.Intangible Assets Group 1999
Page 57 and 58: 54 19.Loss Before Taxation Loss bef
Page 59 and 60: 56 22.Significant Event During the
Page 61 and 62: 58 Authorised Share Capital The aut
Page 63 and 64: 60 Location Description Tenure Size
Page 66 and 67: I/We of Form of Proxy being a membe

I-Berhad (7029-H) - Bursa Malaysia

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