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Annual Report 2007
RESORTS WORLD BHD(58019-U) RESORTS WORLD BHD (58019-U) 24th Floor, Wisma Genting, Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia T : +603 2178 2233 / 2333 2233 F : +603 2161 5304 www.resortsworld.com a Genting company www.genting.com.my RESORTS WORLD BHD To be the leading Leisure, Hospitality and Entertainment Corporation in the world. OUR MISSION We will: 1. Be responsive to the changing demands of our customers and excel in providing quality products and services. 2. Be committed to innovation and the adoption of new technology to achieve competitive advantage. 3. Generate a fair return to our shareholders. 4. Pursue personnel policies which recognise and reward performance and contributions of employees and provide proper training, development and opportunities for career advancement. 5. Be a responsible corporate citizen, committed to enhancing corporate governance and transparency. CONTENTS Page Page Resorts World Bhd/Our Mission Directors’ Report and Statement by Directors 38 Corporate Profile 1 Financial Statements: Tribute to Our Founder, the late Tan Sri (Dr.) Lim Goh Tong 2 Income Statements 43 Bringing You The Best 4 Balance Sheets 44 Genting Premier Brands 5 Statements of Changes in Equity 45 Corporate Diary 6 Cash Flow Satements 47 Corporate Information 7 Notes to the Financial Statements 49 Directors’ Profile 8 Statement on Directors’ Responsibilities 81 Chairman’s Statement / Penyata Pengerusi / 主席文告 11 Statutory Declaration 81 Review of Operations: 19 Report of the Auditors 82 Genting Highlands Resort 20 Ten-Year Summary -
Annual Report 2007
GENTING GROUP We are a leading multinational corporation committed to enhancing shareholder value and maintaining long-term sustainable growth in our core businesses. OUR MISSION We will: 1. Be responsive to the changing demands of our customers and excel in providing quality products and services. 2. Be committed to innovation and the adoption of new technology to achieve competitive advantage. 3. Generate a fair return to our shareholders. 4. Pursue personnel policies which recognise and reward performance and contributions of employees and provide proper training, development and opportunities for career advancement. 5. Be a responsible corporate citizen, committed to enhancing corporate governance and transparency. CONTENTS Page Page Genting Group/Our Mission Audit Committee Report 44 Corporate Profile 1 Statement on Internal Control 46 Tribute to Our Founder, the late Tan Sri (Dr.) Lim Goh Tong 2 Directors’ Report and Statement by Directors 47 Bringing You Our Expertise 4 Financial Statements: Genting Premier Brands 5 Income Statements 53 Group Corporate Structure 6 Balance Sheets 54 Corporate Diary 7 Statements of Changes in Equity 55 Corporate Information 8 Cash Flow Satements 58 Directors’ Profile 9 Notes to the Financial Statements 61 Chairman’s Statement / Penyata Pengerusi / 主席文告 12 Statement on Directors’ Responsibilities 114 Review of Operations: Statutory Declaration 114 Leisure & Hospitality 23 Report of the Auditors 115 Plantation 33 Ten-Year Summary 116 Property 34 List of Properties Held 117 Power 35 Analysis of Shareholdings 121 Oil & Gas 36 Notice of Annual General Meeting 123 Recognition 37 Statement Accompanying Notice of Annual General Meeting 126 Corporate Social Responsibility 38 Form of Proxy Corporate Governance 41 Group Offices Genting Berhad Annual Report 2007 1 CORPORATE PROFILE www.genting.com Asia’s leading multinational corporation The Genting Group is Malaysia’s leading multinational corporation and facilities and endless entertainment - all in one location. -
2011 Annual Report
GENTING SINGAPORE PLC CONTENTS THE GENTING STORY GENTING SINGAPORE 4 CHAIRMAN’S STATEMENT The multinational corporation known as the Genting Group For 25 years, the Company and its subsidiaries (collectively, the of companies began from humble beginnings in 1965. “Group”) have been at the forefront of gaming and integrated A contractor who spoke no English, but only Hokkien, Mandarin, resort development in Australia, the Bahamas, Malaysia, the Malay and Cantonese, the late Tan Sri Lim Goh Tong built his Philippines and the United Kingdom. Today, it is best known for 6 2011 - ENDLESS FUN & CELEBRATION AT RWS business empire with simple principles: humility, discipline and its flagship project, Resorts WorldTM Sentosa (“RWS”), which is conviction. one of the largest fully integrated destination resorts in South East Asia. The self-proclaimed “Chinaman Businessman’’ was ahead of his 8 BOARD OF DIRECTORS time in many ways. He adopted environmental measures, built The Company is listed on the Main Board of the Singapore an integrated resort at Genting Highlands and executed his own Exchange Securities Trading Limited. As at 20 February 2012, succession plan in 2003, when he handed the chairmanship of the the Company had a market capitalisation of S$20.6 billion and 10 MANAGEMENT & CORPORATE INFORMATION Genting Group to his son Tan Sri Lim Kok Thay. ranks among Singapore’s 10 largest companies by market capitalisation. Tan Sri Lim Kok Thay has since taken the company to greater heights with a successful overseas strategy. The Genting Group 11 FINANCIAL HIGHLIGHTS has won international awards for its management leadership, financial prudence and sound investment discipline. -
2009 Annual Report
GENTING SINGAPORE PLC 2009 ANNUAL REPORT 2009 ANNUAL REPORT GENTING SINGAPORE PLC (Incorporated in the Isle of Man with Limited Liability No.003846V) ANNUAL REPORT HEAD OFFICE SINGAPORE UNITED KINGDOM 9 Penang Road Resorts World at Sentosa Pte Ltd Genting UK Plc #13-10 Park Mall 8 Sentosa Gateway, Sentosa, Singapore 098269 Circus Casino, Star City, Watson Road, Singapore 238459 Birmingham, B7 5SA, United Kingdom Correspondence address: 39 Artillery Avenue, Sentosa, Singapore 099958 T: +65 6823 9888 T: +65 6577 8888 T: +44 121 325 7760 F: +65 6823 9878 F: +65 65778890 F: +44 121 325 7761 www.gentingsingapore.com www.rwsentosa.com www.gentinguk.com GENTING SINGAPORE PLC (Incorporated in the Isle of Man with Limited Liability No. 003846V) GENTING SINGAPORE PLC We are a global gaming company and one of the worldʼs leading integrated resorts specialists. OUR VISION To be the brand leader in Integrated Resorts destinations. OUR MISSION To provide the most memorable guest experience with innovative and differentiated products and services. CONTENTS Page Page Genting Singapore / Our Mission Financial Statements: Corporate Profile 1 Consolidated Statement of Comprehensive Income 36 Bringing You The Best 2 Statements of Financial Position 37 Genting Premier Brands 3 Consolidated Statement of Cash Flows 38 Corporate Diary 4 Notes To The Financial Statements 40 Corporate Information 5 Independent Auditorʼs Report 80 Directorsʼ Profile 6 Analysis of Shareholdings 81 Senior Management Team 8 Group Offices Chairmanʼs Statement 10 Review of Operations 20 Corporate Social Responsibility 26 Corporate Governance 29 Report of the Directors 33 Cover & Photos The cover depicts the presence of Genting Singapore as a leading global gaming company and one of the worldʼs leading integrated resorts specialists. -
Annual Report 2017 Genting Berhad (7916-A) B
ANNUAL REPORT 2017 ANNUAL ANNUAL REPORT 2017 GENTING BERHAD (7916-A) B The late Tan Sri Dato’ Seri (Dr) Lim Goh Tong, the Founder of the Genting Group, was born on 28 February 1918 in Anxi, in the Fujian province of China. He was a visionary entrepreneur, a savvy businessman, a hands-on leader and a responsible and hardworking employer – who never gave up and worked with passion and determination to realise his dreams. His principles and the values that he had espoused throughout his lifetime, were simple yet profound. These values – namely Hard Work, Honesty, Harmony, Loyalty and Compassion, which have always been embedded in our work culture and business practices, are known collectively as the Genting Core Values. The Genting Group honours the legacy and accomplishments of the late Tan Sri Dato’ Seri (Dr) Lim Goh Tong by celebrating Genting Founder’s Day every 28 February. The inaugural Founder’s Day on 28 February 2018 would have been Tan Sri Dato’ Seri (Dr) Lim Goh Tong’s 100th birthday anniversary and 10 years since his passing. “The company would not be where it is today, if not for our Founder and his vision,” said Tan Sri Lim Kok Thay, Chairman and Chief Executive of the Genting Group. GENTING BERHAD | ANNUAL REPORT 2017 “By instilling these core values, the Genting Group will emulate our Founder’s determination and dedication to achieve the company’s goals and bring the organisation to greater heights.” Tan Sri Lim Kok Thay - Chairman and Chief Executive, Genting Group Our culture of hard work, diligence and Success is only complete with an equal measure commitment enables us to combine long-term of compassion. -
Asian Godfathers Jadi Buku Laris.” —BANGKOK POST
pustaka-indo.blogspot.com “Studwell menyajikan banyak informasi tentang proyek bisnis para godfather, juga kehidupan seks mereka. … Perkara seks ini membuat Asian Godfathers jadi buku laris.” —BANGKOK POST “Para godfather… benar-benar seperti parasit. Mereka memperoleh monopoli akses yang menguntungkan melalui guanxi beserta kroni-kroni politiknya.” —JOHN D. VAN FLEET, SHANGHAI “Reportase yang utuh dengan kepekaan sejarah menyangkut orang-orang hebat di balik perekonomian Asia.” —JEFF ANDREW, PENGAMAT ASIA pustaka-indo.blogspot.com ASIAN GODFATHERS Menguak Tabir Perselingkuhan Pengusaha dan Penguasa Joe Studwell mencerdaskan, mencerahkan pustaka-indo.blogspot.com Diterjemahkan dari ASIAN GODFATHERS Money and Power in Hong Kong and South-east Asia Hak cipta © Joe Studwell, 2007 Hak terjemahan Indonesia pada penerbit All rights reserved Penerjemah: Yanto Musthofa Editor: Julie Indahrini Desain sampul: Iksaka Banu Tata letak: Dadang Kusmana Cetakan 1, November 2015 Diterbitkan oleh PT Pustaka Alvabet Anggota IKAPI Ciputat Mas Plaza Blok B/AD Jl. Ir. H. Juanda No. 5A, Ciputat Tangerang Selatan 15412 - Indonesia Telp. +62 21 7494032, Faks. +62 21 74704875 Email: [email protected] www.alvabet.co.id Perpustakaan Nasional RI. Data Katalog dalam Terbitan (KDT) Studwell, Joe Asian Godfathers: Menguak Tabir Perselingkuhan Pengusaha dan Penguasa/Joe Studwell; Penerjemah: Yanto Musthofa; Editor: Julie Indahrini Cet. 1 — Jakarta: PT Pustaka Alvabet, November 2015 432 hlm. 15 x 23 cm ISBN 978-602-9193-76-3 1. Sosial/Politik I. Judul. pustaka-indo.blogspot.com -
2012 Annual Report
THE GENTING STORY The multinational corporation known as the Genting Group of companies started from humble beginnings in 1965. A contractor who spoke no English, but only Hokkien, Mandarin, Malay and CONTENTS Cantonese, the late Tan Sri Lim Goh Tong built his business empire with simple principles: humility, discipline and conviction. The self-proclaimed “Chinaman Businessman’’ was ahead of his time in many ways. He adopted 4 CHAIRMAn’S StatemeNT environmental measures, built an integrated resort at Genting Highlands and executed his own succession plan in 2003, when he handed the chairmanship of the Genting Group to his son Tan Sri Lim Kok Thay. 6 2012 MILESTONES Tan Sri Lim Kok Thay has since taken the company to greater heights with a successful overseas strategy. The Genting Group has won international awards for its management leadership, financial 8 BOARD OF DIRECTORS prudence and sound investment discipline. It is also a corporation that values its employees and gives back to the communities where it operates. 10 MANAGEMENT & CORPOrate INFOrmatiON GENTING SINGAPORE 11 FINANCIAL HIGHLIGHTS For over 25 years, the Company and its subsidiaries (collectively, the “Group”) have been at the forefront of gaming and integrated resort development in Australia, the Bahamas, Malaysia, the ™ Philippines and the United Kingdom. Today, it is best known for its flagship project, Resorts World 12 CORPOrate SOCIAL RESPONSIBILITY Sentosa, which is one of the largest fully integrated destination resorts in South East Asia. The Company is listed on the Main Board of the Singapore Exchange Securities Trading Limited. As at 31 December 2012, the Company had a market capitalisation of S$16.9 billion and ranks among 14 YEAR IN REVIEW Singapore’s largest companies by market capitalisation. -
Hilltop Adventures Island Romance Jewels of the East Coast
Genting Highlands • Kijal, Terengganu • Langkawi Jewels of the East Coast Discover the many cultural treasures of Terengganu. freedom Island Hilltop Adventures Romance Revel in all that a Bask in the glow mountain has to of golden sunsets offer in 48 hours, at Langkawi. Genting Highlands. www.awana.com.my 3 Run away to the hills From lush rainforests to the country’s premier integrated resort, explore all that Awana Genting ContentsHighlands has to offer in only 48 hours. 13 Escape to the East Coast Slow down, and live life to the speed of this little town by the sea. At Awana Kijal, Terengganu, a treasure trove of culture, tradition and heritage beckons. 22 Retreat to a magical island Be at the heart of an island paradise where legends and romance come alive, with Awana Porto Malai, Langkawi. freedom 2 Run away Perched 3,000 feet above sea level amidst Malaysia’s largest, longest and oldest mountain range is Awana Genting Highlands Golf & to the Countryhills Resort. Just a short 45-minute drive away from Kuala Lumpur, the resort is highly accessible and has quickly become a popular holiday destination for many. Offering salubrious mountain air, breathtaking views and a myriad of exciting activities – Awana Genting Highlands Golf & Country Resort easily tops the list as an excellent getaway for those who seek a quick and breezy escape from the buzzing city. Here’s how you can go about it. An aerial view of the luciously green surroundings at the resort. freedom 3 Be greeted by cool and salubrious mountain air. 12.00pm Arrival 1.10pm Natural lights come streaming Gohtong into Awana’s nature-themedDay 1 lobby as you drop your bags Memorial Park off at the counter. -
Plantations Properties
PLANTATIONS PROPERTIES www.asiatic.com.my The property market continued to remain generally weak, The Plantation Division, led by the Group’s subsidiary except for the residential sector that performed well in 2002. Asiatic Development Berhad, registered a sterling Despite the tough market condition, the Property Division’s performance in 2002. The Division’s profit before tax grew profit before tax increased significantly to RM37.6 million by more than three-fold to RM104.1 million in 2002 in 2002 (2001: RM22.8 million). The profit contribution was (2001: RM30.9 million) on the back of higher crude palm mainly from the Group’s property arm, Asiatic Land oil prices. The average selling price achieved for crude Development Sdn Bhd, via the Asiatic Indahpura project palm oil (“CPO”) increased significantly by 53% to RM1,352 in Kulai, Johor. per tonne compared to RM883 per tonne in 2001. Similarly, the average selling price achieved for palm kernel The property sales from the Asiatic Indahpura project rose (“PK”) increased by 52% to RM665 per tonne in 2002 by 36% to RM42.5 million in 2002, with good responses to (2001: RM438 per tonne). the small-scale strategic launches of medium cost single and double-storey terrace houses, as well as double and The production of fresh fruit bunches (“FFB”) amounted to three storey shop offices. However, sales of four-storey 707,863 tonnes in 2002 (2001: 700,275 tonnes). The CPO shop offices and industrial lots were slow. The better production for 2002 was 153,772 tonnes, a 14% increase performance from the Asiatic Indahpura project was also compared to 2001 while PK production increased by 9% due to the implementation of new customer-driven to 40,313 tonnes. -
ANNUAL REPORT 2010 I 55 CORPORATE GOVERNANCE (Cont’D) the Following Are the Courses and Training Programmes Attended by the Directors in 2010
“In business, I believe in going step by step, slowly but surely. To seek out opportunities with good potential and build on them.” – The late Tan Sri Lim Goh Tong, Founder of Genting Group THE GENTING STORY GENTING BERHAD The multinational corporation known as the Genting Group of Genting Berhad, Malaysia’s leading corporation is the holding companies began from humble beginnings in 1965. A company of the Genting Group, one of Asia’s best-managed contractor who spoke no English, but only Hokkien, Mandarin, conglomerates. The Group comprises four listed entities Malay and Cantonese, the late Tan Sri Lim Goh Tong built his (namely Genting Berhad and subsidiaries Genting Malaysia business empire with simple principles: humility, discipline and Berhad, Genting Plantations Berhad and Genting Singapore conviction. PLC), with a combined market capitalisation of about RM132 billion (US$43 billion). With over 43,000 employees, 4,500 The traditional Chinese entrepreneur was ahead of his time in hectares of prime resort land and about 133,000 hectares of many ways. He adopted environmental measures, built an plantation land, the Group’s principal businesses include integrated resort at Genting Highlands and executed his own leisure & hospitality, power generation, oil palm plantation, succession plan in 2003, when he handed over the property development, biotechnology and oil & gas. chairmanship of the Genting Group to his son, Tan Sri Lim Kok Thay. The Genting Group has established premier leisure brands such as “Resorts World”, “Maxims”, “Crockfords” and Tan Sri Lim Kok Thay has since taken the company to greater “Awana”. In addition to Premium Outlets®, Genting companies heights with a successful overseas strategy. -
Dewan Rakyat
Bil. 69 Isnin 6 November 2006 MALAYSIA PENYATA RASMI PARLIMEN DEWAN RAKYAT PARLIMEN KESEBELAS PENGGAL KETIGA MESYUARAT KETIGA K A N D U N G A N MEMPERKENANKAN AKTA-AKTA (Halaman 1) JAWAPAN-JAWAPAN LISAN BAGI PERTANYAAN-PERTANYAAN (Halaman 1) USUL MENANGGUHKAN MESYUARAT DI BAWAH P.M 18(1): - Memulihkan Pilihan Raya Kerajaan Tempatan YB Teresa Kok Suh Sim [Seputeh] (Halaman 22) RANG UNDANG-UNDANG DIBAWA KE DALAM MESYUARAT (Halaman 23) RANG UNDANG-UNDANG: Rang Undang-undang Perbekalan 2007 Jawatankuasa: Jadual: Maksud B.1 hingga B.9 dan B.40 (Halaman 24) USUL: Anggaran Pembangunan 2007 Jawatankuasa: Maksud P.6 dan P.7 (Halaman 24) Diterbitkan Oleh: CAWANGAN DOKUMENTASI PARLIMEN MALAYSIA 2006 DR. 6.11.2006 i AHLI-AHLI DEWAN RAKYAT 1. Yang Berhormat Tuan Yang di-Pertua, Tan Sri Dato’ Seri Diraja Ramli bin Ngah Talib, PSM., SPCM., AMN., JP. (Pasir Salak) - UMNO 2. Yang Berhormat Timbalan Yang di-Pertua, Datuk Lim Si Cheng, PJN., PIS. (Kulai) - MCA 3. Yang Berhormat Timbalan Yang di-Pertua, Datuk Dr. Yusof bin Yacob, PGDK., ADK. (Sipitang) – UMNO MENTERI 1. Yang Amat Berhormat Perdana Menteri, Menteri Kewangan dan Menteri Keselamatan Dalam Negeri, Dato’ Seri Abdullah bin Haji Ahmad Badawi, S.P.M.S., S.S.S.J., S.P.S.A., S.S.A.P., S.P.D.K., D.P., S.P.N.S., D.G.P.N., D.S.S.A., D.M.P.N., D.J.N., K.M.N., A.M.N. (Kepala Batas) - UMNO 2. “ Timbalan Perdana Menteri dan Menteri Pertahanan, Dato’ Sri Mohd. Najib bin Tun Haji Abdul Razak, S.S.A.P, S.I.M.P., D.P.M.S., D.S.A.P., P.N.B.S., D.U.B.C.(T). -
Genting Singapore Plc the Genting Story
Annual Report GENTING SINGAPORE PLC THE GENTING STORY The multinational corporation known as the Genting Group of companies started from humble beginnings in 1965. A contractor who spoke no English, but only Hokkien, Mandarin, Malay and Cantonese, the late Tan Sri Lim Goh Tong built his business empire with simple principles: humility, CONTENTS discipline and conviction. The self-proclaimed “Chinaman Businessman’’ was ahead of his time in many ways. He adopted 4 Chairman’s STATEMENT environmental measures, built an integrated resort at Genting Highlands and executed his own succession plan in 2003, when he handed the chairmanship of the Genting Group to his son Tan Sri Lim Kok Thay. 6 2013 HIGHLIGHTS Tan Sri Lim Kok Thay has since taken the company to greater heights with a successful overseas strategy. The Genting Group has won international awards for its management leadership, financial 8 BOARD OF DIRECTORS prudence and sound investment discipline. It is also a corporation that values its employees and gives back to the communities where it operates. 10 MANAGEMENT & CORPORATE INFORMATION GENTING SINGAPORE 11 FINANCIAL HIGHLIGHTS For over 25 years, Genting Singapore PLC and its subsidiaries (collectively, the ‘Group’) have been at the forefront of gaming and integrated resort development in Australia, the Bahamas, the Philippines and the United Kingdom. Today, it is best known for its flagship project, 12 CORPORATE SOCIAL RESPONSIBILITY Resorts World Sentosa Singapore, which is one of the largest and most successful integrated resort destinations in the world. 14 YEAR IN REVIEW Genting Singapore is part of the Genting Group in Malaysia and is listed on the Main Board of the Singapore Exchange Securities Trading Limited.