I-Berhad (7029-H) - Bursa Malaysia

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1999 1998 Note RM RM Turnover 18 62,324,514 59,474,084 Loss before taxation 19 (5,560,526) (4,684,506) Taxation 20 68,910 (268,211) Loss after taxation (5,491,616) (4,952,717) Retained profits brought forward and available for appropriation 3,496,872 9,661,349 Less: Proposed first and final tax exempt dividend Consolidated Profit And Loss Account ... for the year ended 31 December, 1999 of 1% (1998: 6%) (201,960) (1,211,760) 3,294,912 8,449,589 (Accumulated loss)/Retained profits carried forward (2,196,704) 3,496,872 Loss per share 21 (27.19 sen) (24.52 sen) The accompanying notes are an integral part of this account. 31
32 1999 1998 Cash Flows from Operating Activities Note RM RM Loss before taxation (5,560,526) (4,684,506) Adjustments for: Amortisation of goodwill on consolidation 63,910 63,910 Interest expense 20,289 37,045 Interest income (249,138) (764,965) Gross dividends received from investment quoted in Malaysia (200,000) – Depreciation 2,841,772 3,587,234 Loss/(Gain) on disposal of fixed assets 4,906 (218) Unrealised loss/(Gain) on foreign exchange 9,851 (12,688) Provision for doubtful debts 1,117,512 115,138 Stocks written off 171,753 – Fixed assets written off 226,366 – Loss on disposal of quoted shares in Malaysia 77,715 – Provision for stock obsolescence – 65,742 Stock obsolescence written back (27,536) – Operating loss before working capital changes (1,503,126) (1,593,308) (Increase)/Decrease in debtors (4,187,820) 4,378,845 (Increase)/Decrease in stocks (5,847,206) 854,579 Increase/(Decrease) in creditors 11,459,893 (8,653,621) Cash used in operations (78,259) (5,013,505) Tax paid (238,251) (853,685) Net cash used in operating activities (316,510) (5,867,190) Cash Flows from Investing Activities Cash outflow from acquisition of subsidiary – (2,207,752) Purchase of fixed assets (4,564,599) (2,019,874) Proceeds from disposal of fixed assets 27,001 3,700 Purchase of quoted shares in Malaysia – (9,065,757) Proceeds from disposals of quoted shares in Malaysia 1,218,688 – Net dividends received from investment Consolidated Cash Flow Statement ... for the year ended 31 December, 1999 quoted in Malaysia 172,000 – Net cash used in investing activities (3,146,910) (13,289,683)
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 and 26: 22 5 November 1999 Tied-up with Gut
Page 27 and 28: 24 The directors hereby submit thei
Page 29 and 30: 26 Significant Event The significan
Page 31 and 32: 28 We, EU HONG CHEW and TEY SIEW TH
Page 33: 30 1999 1998 Current Assets Note RM
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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