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DBHD-Annual-Report-2018.Pdf The upward stairway symbolises our zeal “to scale greater heights, bringing DBhd closer towards establishing its foothold in the property industry and becoming the preferred properties, assets and facilities management solutions provider in Malaysia. We are moving forward with greater focus and determination for excellence, seizing growth opportunities and synergising our services and “ innovation capabilities to enhance value for all our stakeholders. WHAT’S CHAPTER 01 | COMPANY Corporate Information 8 Corporate Structure 8 Group Financial Highlights 10 Awards and Recognitions 2018 12 Media Milestones 13 Key Highlights 14 Board of Directors’ Profile 16 Key Managements’ Profile 24 Group Management 32 CHAPTER 02 | CORPORATE STATEMENTS Chairman’s Statement 36 Group Managing Director’s Statement and 38 CHAPTER 03 Management Discussion & Analysis | CORPORATE GOVERNANCE Sustainability Statement 46 Corporate Governance Overview Statement 56 Audit Committee Report 59 Statement on Risk Management and Internal Control 64 Statement on Directors’ Responsibility 72 Recurrent Related Party Transactions 73 Additional Compliance Information 75 INSIDE CHAPTER 04 | FINANCIAL STATEMENTS 78 Directors’ Report 82 Statement by Directors 82 Statutory Declaration 83 Independent Auditors’ Report 88 Statements of Comprehensive Income 89 Statements of Financial Position 91 Statements of Changes in Equity 94 Statements of Cash Flows 96 Notes to the Financial Statements CHAPTER 05 | OTHER INFORMATION 165 List of Properties held by the Group 167 Shareholdings Statistics 170 Shareholdings Statistics - Warrant 173 Notice of Annual General Meeting 178 Statement Accompanying the Notice of Annual General Meeting Proxy Form VISION MISSION To Become the Preferred Assets and Synergising Property and Land Development, Facilities Management Integrated Facilities Management and Solutions Provider Project Management Consultancy Services towards Innovative and Effective Solutions CORE VALUES Flexible with Integrity Transparent with Clarity United with Synergy Establishing Sustainable Growth AT A GLANCE VALUE SERVICES RM3.5 billion >55,000 35 years worth of property parking bays operated Development Projects experience in construction management, project planning, and consultant management >500 1544 5 star hotel Acres of UNdevelopED rooms maintenance AT land in Kuantan and PRPC Rapid johor Johor bahru >30 service offerings RM200 million 5/5 worth of annual revenue on service quality rating from various contracts at KLIA INternational ranging from 3-5 years airport 4 ANNUAL DAMANSARA REPORT2018 REALTY BERHAD Guided by our clear strategy to achieve sustainable business, Damansara Realty Berhad (DBhd) saw an increase in Net Profit by 9% to RM19.5 million compared to last year’s performance, despite challenging market and economic environment in 2018. Moving forward, our goal is to deliver sustainable growth with continuous recurring income for the Group through progressive expansion of our core businesses, enhancing the effectiveness of our organisation structure and functions as well as streamlining our operations to optimise resources and capital to generate better returns. PROFITABILITY EMPLOYEES PROFIT AFTER TAX PROFIT before TAX 1,481 RM19.5 million RM7 million Total Workforce +vs 2017 EBITDA 17% > RM205,000 MANPOWER GROWTH +27% vs 2017 REVENUE PER STAFF VS 2017 COMBINED 95%TAKE-UP RATE for Aliff Square 1 & 2 5 BUILDING SCALABLE CAPABILITIES Advancing via development of a high-quality workforce and technological innovations by encouraging continuous learning, we are committed to create and retain talents whilst harnessing tech- based solutions to create unique value propositions as we evolve to meet changing market needs and job scopes for the future. CHAPTER 01 | COMPANY 8 Corporate Information 8 Corporate Structure 10 Group Financial Highlights 12 Awards and Recognitions 2018 13 Media Milestones 14 Key Highlights 16 Board of Director’s Profile 24 Key Managements’ Profile 32 Group Management Establishing Sustainable Growth CORPORATEINFORMATI ON STRUCTURE BOARD OF DIRECTORS DATO’ AHMAD ZAHRI BIN JAMIL Independent Non-Executive Chairman Ts. BRIAN ISKANDAR BIN ZULKARIM WHOLLY OWNED SUBSIDIARIES: OVERSEAS COMPANIES: Group Managing Director AZHARI BIN ABDUL HAMID 100% 100% Group Executive Director • Damansara Technology Sdn. Bhd. (formerly • Metro Parking (B) Sdn. Bhd. DATO’ MOHD AISOM BIN OMAR known as Damansara Forest Products • Metro Parking Services (India) Independent Non-Executive Director (Malaysia) Sdn. Bhd.) Private Limited ** HAJI ABDULLAH BIN MD YUSOF • Damansara Galaxy Sdn. Bhd. • Metro Parking Management Independent Non-Executive Director • Damansara Prospects Sdn. Bhd. (formerly (Philippines) Inc SHAHRIZAM BIN A SHUKOR known as Kesang Leasing Sdn. Bhd.) • HTS International Ltd • Damansara Realty (Johor) Sdn. Bhd. Independent Non-Executive Director • Damansara Realty (Terengganu) Sdn. Bhd. VINIE CHONG PUI LING • Damansara Realty Construction Sdn. Bhd. Independent Non-Executive Director • Damansara Realty Land Sdn. Bhd. 70% • Metro Parking (S) Pte Ltd • Damansara Realty Management (Timber Operations) Sdn. Bhd. AUDIT COMMITTEE • Damansara Realty Management Services SHAHRIZAM BIN A SHUKOR Sdn. Bhd. 55% • Metro Parking (HK) Limited ** (Chairman) • Damansara Realty Properties Sdn. Bhd. • Damansara Urban Sdn. Bhd. HAJI ABDULLAH BIN MD YUSOF • DAC Land Sdn. Bhd. (Member) • Damansara PMC Services Sdn. Bhd. • Harta Facilities Management Sdn. Bhd. VINIE CHONG PUI LING (Member) • JOLS Construction Sdn. Bhd. • Kesang Construction & Engineering Sdn. Bhd. NOMINATION & REMUNERATION • Kesang Equipment Hire Sdn. Bhd. COMMITTEE • Kesang Industries Sdn. Bhd. * • Kesang Properties Sdn. Bhd. DATO’ MOHD AISOM BIN OMAR • Kesang Trading Sdn. Bhd. (Chairman) • Metro Equipment Systems (M) Sdn. Bhd. * HAJI ABDULLAH BIN MD YUSOF • Metro Parking (M) Sdn. Bhd. (Member) • Metro Parking (Sabah) Sdn. Bhd. • Smart Parking Management Systems VINIE CHONG PUI LING Sdn. Bhd. (Member) • Tebing Aur Sdn. Bhd. • TMR ACMV Services Sdn. Bhd. • TMR Koll Sdn. Bhd. • M.N. Koll (M) Sdn. Bhd. • TMR Urusharta (M) Sdn. Bhd. 8 ANNUAL DAMANSARA REPORT2018 REALTY BERHAD & SUBSIDIARIES: INFORMATI ON 95% • Kesang Kastory Enterprise Sdn. Bhd. 85% • HC Duraclean Sdn. Bhd. 80% RISK MANAGEMENT COMMITTEE STOCK EXCHANGE LISTING • Damansara Realty (Pahang) Sdn. Bhd. DATO’ MOHD AISOM BIN OMAR Main Market Of Bursa (Chairman) Malaysia Securities Berhad Stock Code : 3484 70% HAJI ABDULLAH BIN MD YUSOF Stock Name : DBHD • Kesang Quarry Sdn. Bhd. (Member) • TMR LC Services Sdn. Bhd. AUDITORS SHAHRIZAM BIN A SHUKOR (Member) Messrs. Jamal, Amin & Partners (AF 1067) VINIE CHONG PUI LING 55% No. 60-2B, 2nd Floor • Pedas Quarry Sdn. Bhd. (Member) Jalan 2/23A Off Jalan Genting Klang COMPANY SECRETARY Taman Danau Kota Setapak, 53300 WAN RAZMAH BINTI 51% Kuala Lumpur • DHealthcare Centre Sdn. Bhd. WAN ABD RAHMAN (MAICSA 7021383) T : 03-4142 1626 F : 03 4142 1601 REGISTERED OFFICE E : [email protected] Lot 10.3, Level 10 ASSOCIATED COMPANIES: PRINCIPAL BANKER Wisma Chase Perdana Off Jalan Semantan CIMB Bank Berhad Damansara Heights 50490 Kuala Lumpur 45% WEBSITE ADDRESS • Healthcare Technical Services (PNG) Limited T : 03-2081 2688 F : 03-2081 2690 www.dbhd.com.my E : [email protected] SHARE REGISTRAR 30% • DAC Properties Sdn. Bhd. Tricor Investor & Issuing House Services Sdn. Bhd. (11324-H) Unit 32-01, Level 32, Tower A Vertical Business Suite Avenue 3, Bangsar South No. 8 Jalan Kerinchi 59200 Kuala Lumpur T : 03-2783 9299 F : 03-2783 9222 E : [email protected] * Under members’ voluntary liquidation ** Struck off 9 Establishing Sustainable Growth Revenue (RM’000) 183,596 2016 249,742 2017 304,125 2018 Profit Before Tax (RM’000) (24,317) 2016 19,128 2017 26,116 2018 Profit After Tax (RM’000) (27,734) 2016 17,857 2017 19,541 2018 Shareholders Fund (RM’000) 87,969 2016 147,403 2017 170,178 2018 Earnings Per Share (RM’000) (6.67) 2016 5.48 2017 6.01 2018 Net Assets (RM’000) 95,703 2016 155,719 2017 174,829 2018 GROUP FINANCIAL HIGHLIGHTS 2016 2017 2018 RM’000 RM’000 RM’000 Revenue 183,596 249,742 304,125 Profit/(Loss) Before Tax (24,317) 19,128 26,116 Profit/(Loss) After Tax (27,734) 17,857 19,541 Share Capital 154,685 155,341 159,341 Shareholders Fund 87,969 147,403 170,178 Group Earnings Per Share (Sen) (8.67) 5.48 6.01 Net Asset Per Share (Sen) 30.93 50.17 54.91 Share Price (Sen) 35.00 52.00 23.00 Total Assets 342,724 316,726 332,961 Net Assets 95,703 155,719 174,829 Total No. of Shares (‘000) 309,371 310,371 318,371 10 ANNUAL DAMANSARA REPORT2018 REALTY BERHAD Net Assets Per Share Share price (Sen) (Sen) 60 60 55 54.91 55 52.00 50.17 50 50 45 45 40 40 35.00 35 35 30.93 30 30 25 25 23.00 20 20 15 15 10 10 5 5 2017 2018 2017 2018 0 2016 0 2016 11 Establishing Sustainable Growth AWARDS & RECOGNITIONS 2018 Best Projects, Energy & Infrastructure In-House Team in Malaysia AT THE Thomson Reuters’ Asian Legal Business LAW AWARD 2018 focused recognition 7 awards by PETRONAS 12 ANNUAL DAMANSARA REPORT2018 REALTY BERHAD MEDIA MILESTONES 13 Establishing Sustainable Growth KEYHIGHLIGHTS january 2018 • Introduced HealthMetrics mobile application for employees of DBhd. APRIL 2018 • Award for achieving full marks on Airport Service Quality (ASQ). Survey done at KLIA by Airport Council International (ACI). FEBRuary 2018 • DBhd Core Values workshop. • DBhd returned to profitability with RM17.8 million net profit for 2017. • TMR Urusharta (M) Sdn. Bhd. (TMR) team building programme at Natasya Riverside Resort, Perak. MARCH
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