Puncak Niaga Holdings Berhad (416087-U) Wisma Rozali, No. 4, Persiaran Sukan, Seksyen 13, 40100 Shah Alam, Selangor Darul Ehsan Tel : 603 - 5522 8589 Fax : 603 - 5522 8598 E-mail :
[email protected] Website : www.puncakniaga.com.my “Malaysia’s Water Specialist” Puncak Niaga Holdings Berhad Puncak Niaga Holdings Annual Report 2006 Annual Report 2006 SUSTAINABLE GROWTH Contents 3 Vision & Mission Statements 4 Notice of Annual General Meeting 6 Statement Accompanying the Notice of Annual General Meeting 8 Corporate Information 10 Fact Sheet 16 Corporate Profile 18 Corporate Structure 19 Organisation Structure: PNSB 20 Organisation Structure: SYABAS 22 Our Role in the Water Supply System 23 Corporate Achievements 24 Five-Year Financial Highlights 24 Financial Calendar 25 Financial & Share Performance 28 Board of Directors 35 Senior Management in PNSB 38 Senior Management in SYABAS 44 Executive Chairman Speaks 50 Operations Review: PNSB Water Treatment Activities 56 Operations Review: SYABAS Water Distribution Activities 66 Environment & Community 78 Corporate Calendar of Events 94 Water News 100 Statement on Corporate Governance 110 Statement on Internal Control 112 Audit Committee Report 117 Risk Management Policy & Report 119 Investor Relations Policy & Report 121 Quality Policy & Report 122 Corporate Disclosure Policy 123 Distribution Schedule of Equity Securities & Properties 127 Financial Report 2006 213 Proxy Form Annual Report 2006 1 Annual Report 2006 OPERATIONS REVIEW The Group focused on further enhancements in Non Revenue Water activities, a capital repayment to shareholders, and the establishing of a leading-edge research and development centre (see pages 50 - 63). FINANCIAL REVIEW Revenue rose 24.7% to RM1,428.1 million, profit before taxation shot up 86.6% to RM367.3 million, and basic earnings per share rose from 30.80 sen to 101.51 sen (see page 139).