LAPORAN TAHUNAN A N N U A L R E P O R T - Ahp.com.my

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CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2009 (CONTD.) CASH FLOW FROM FINANCING ACTIVITY AMANAH HARTA TANAH PNB 81 2009 2008 RM RM Payment of distribution, representing net cash used in financing activity (6,750,000) (6,500,000) NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS (933,955) 1,262,761 CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR 9,207,969 7,945,208 CASH AND CASH EQUIVALENTS AT END OF THE YEAR 8,274,014 9,207,969 CASH AND CASH EQUIVALENTS COMPRISE: Cash and bank balances 72,494 36,610 Deposits with financial institutions (Note 16) 8,201,520 9,171,359 The accompanying notes are an integral part of the financial statements. 8,274,014 9,207,969
Laporan Tahunan 2009 Annual Report 2009 82 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2009 1. THE TRUST, THE MANAGER AND THEIR PRINCIPAL ACTIVITIES Amanah Harta Tanah PNB (“AHP” or “the Trust”), a Real Estate Investment Trust, was constituted under a Deed of Trust dated 20 March 1989, between the Manager, Pelaburan Hartanah Nasional Berhad (“PHNB”), the Trustee, Amanah Raya Berhad and the several persons who acquire units in the Trust. The Trust was launched on 21 March 1989 and was listed on the Bursa Malaysia Securities Berhad (“Bursa Securities”) on 28 December 1990. The principal activity of the Trust is investment in real estates and other authorised investments with the objectives of achieving steady returns and for long term capital growth. There has been no significant change in the nature of this activity during the year. The Manager, a company incorporated in Malaysia, is a subsidiary company of Permodalan Nasional Berhad (“PNB”). The principal activity of the Manager is the management of real estate investment trusts. There has been no significant change in the nature of this activity during the year. PNB is a company incorporated in Malaysia. Its principal activity is investment holding which is mainly for the purpose of promoting greater ownership of share capital in the corporate sector in Malaysia by the Bumiputera. The financial statements were authorised for issue by the Board of Directors of the Manager in accordance with a resolution of the directors on 26 January 2010. 2. TERM OF THE TRUST The Trust will continue its operations until such time as determined by the Trustee and the Manager as provided under the provisions of Clause 23 of the Third Supplemental Deed of Trust of AHP. 3. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES Exposure to market, interest rate and credit risk arises in the normal course of the Trust’s business. The Trust has an approved set of investment guidelines and policies as well as internal controls which set out its overall business strategies to manage these risks to optimise returns and preserve capital for the unitholders, consistent with the long-term objectives of the Trust Market Risk The Trust actively manages its market risk through established investment guidelines and policies as well as portfolio asset allocation and diversification strategies. The Trust does not participate in any speculative activities. Exposure to market risk arises in the normal course of the Trust’s business from uncertainty in market prices of financial instruments invested by the Trust. Interest Rate Risk The Trust actively manages its interest rate risk by maintaining a portfolio of financial instruments guided by its investment guidelines and policies, and regular reviews of interest rates and market expectations.
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