WTK Holdings Berhad - Bursa Malaysia

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42 Company Statement of Changes in Equity (Cont’d) for the year ended 31 December 2003 Non-Distributable Distributable Share Share Treasury Other Retained Note Capital Premium Shares Reserves Profits Total RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 At 1 January 2002 163,867 20 (5,330) 400 19,587 178,544 Net profit for the year - - - - 10,266 10,266 Acquisition of treasury shares - - (3,174) - - (3,174) Dividends 11 - - - - (5,836) (5,836) At 31 December 2002 163,867 20 (8,504) 400 24,017 179,800 Net profit for the year - - - - 11,079 11,079 Acquisition of treasury shares - - (4,575) - - (4,575) Dividends 11 - - - - (8,135) (8,135) At 31 December 2003 163,867 20 (13,079) 400 26,961 178,169 The accompanying notes form an integral part of the financial statements. W T K HOLDINGS BERHAD (10141-M)
Cash Flow Statements for the year ended 31 December 2003 CASH FLOWS FROM OPERATING ACTIVITIES Group Company 2003 2002 2003 2002 RM'000 RM'000 RM'000 RM'000 Profit before taxation 53,493 53,632 11,374 11,200 Adjustments for: Share of results in associate (828) (1,240) - - Share of results in jointly controlled entity (356) (167) - - Impairment losses on other investments 5,900 3,360 - - Pension costs-defined benefit plan 200 231 - - Interest expense 6,419 6,267 - - Interest income (1,128) (907) (428) (475) Gross dividends (184) (99) (10,782) (10,418) (Gain)/loss on disposal of other investments (274) 2,763 (274) (444) (Gain)/loss on disposal of property, plant and equipment (481) (46) - 1 Provision for doubtful debts 97 190 - - Inventories written off 303 43 - - Provision for inventories obsolescences 27 - - - Depreciation 30,793 30,571 86 96 Amortisation of goodwill 506 473 - - Amortisation of logs purchase rights 3,626 2,376 - - Property, plant and equipment written off 5 102 - - Operating profit/(loss) before working capital changes 98,118 97,549 (24) (40) Changes in working capital: Development properties 2,635 8,728 - - Inventories 17,186 (3,367) - - Receivables (28,647) (22,495) 2,789 (18,126) Payables (5,462) 3,467 (192) 9,480 Cash generated from/(used in) operations 83,830 83,882 2,573 (8,686) Taxes paid (11,773) (11,641) (156) (273) Interest paid (6,419) (6,267) - - Payment of pension costs-defined benefit plan (87) (193) - - Net cash generated from/(used in) operating activities 65,551 65,781 2,417 (8,959) A N N U A L R E P O R T 2 0 0 3 43
Page 1 and 2: 03 ANNUAL REPORT
Page 3 and 4: CONTENTS 2 Corporate Information 3
Page 5 and 6: Directors’ Profile Yg Bhg Datuk W
Page 7 and 8: Directors’ Profile (Cont’d) Won
Page 9 and 10: Directors’ Profile (Cont’d) Tha
Page 11 and 12: Directors’ Statement on Corporate
Page 17 and 18: Audit Committee Report COMPOSITION
Page 19 and 20: Audit Committee Report (Cont’d) 5
Page 21 and 22: Directors’ Statement on Internal
Page 23 and 24: Directors’ Statement on Internal
Page 25 and 26: Chairman’s Statement (Cont’d) I
Page 27 and 28: Chairman’s Statement (Cont’d) i
Page 29 and 30: FINANCIAL STATEMENTS 28 Directors
Page 31 and 32: Directors’ Report (Cont’d) DIRE
Page 33 and 34: Directors’ Report (Cont’d) EMPL
Page 35 and 36: Directors’ Report (Cont’d) SIGN
Page 37 and 38: Directors’ Report (Cont’d) (f)
Page 39 and 40: Report of the Auditors to the Membe
Page 41 and 42: Balance Sheets as at 31 December 20
Page 43: Consolidated Statement of Changes i
Page 47 and 48: Notes to the Financial Statements 3
Page 49 and 50: Notes to the Financial Statements (
Page 95 and 96:
Notes to the Financial Statements (
Page 97 and 98:
Page 99 and 100:
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List of Properties (Cont’d) DATE
Page 103 and 104:
List of Properties (Cont’d) DATE
Page 105 and 106:
Statistic on Shareholdings (Cont’
Page 107 and 108:
Notice of Annual General Meeting NO
Page 109 and 110:
Notice of Annual General Meeting (C
Page 111 and 112:
Form of Proxy W T K HOLDINGS BERHAD
Page 114:
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WTK Holdings Berhad - Bursa Malaysia

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