DOCSLIB.ORG

Annual Report CONTENTS

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report CONTENTS Value Chain Integration Partner 2013 Annual Report CONTENTS Section One Section Two Corporate Information Financial Statements Five-Year Financial Summary 2 Directors’ Report 44 Financial Indicators 2 Independent Auditors’ Report 48 Group Corporate Structure 3 Statements of Profit or Loss and Lumut Port 4 Other Comprehensive Income 50 - Lekir Bulk Terminal 5 Statements of Financial Position 51 - Lumut Maritime Terminal 7 Statements of Changes in Equity 52 Profile of Directors 10 Statements of Cash Flow 53 Chairman’s Statement 16 Notes to the Financial Statements 55 Statement on Corporate Governance 20 Supplementary Information on the Breakdown of Realised and Unrealised Profits or Losses 97 Statement on Risk Management and Internal Control 31 Statement by Directors 98 Audit Comittee Report 34 Declaration by the Officer Primarily Responsible for the Financial Management of the Group and of the Company 99 Statement on Corporate Social Responsibility 38 Properties Owned by the Group 100 Corporate Calendar Analysis of Shareholdings 101 Integrax in the News 41 Section Three Notice of Annual General Meeting 104 28th Annual General Meeting Venue : Junior Ballroom InterContinental Kuala Lumpur Hotel 165 Jalan Ampang, 50450 Kuala Lumpur Malaysia Date : Wednesday, 18th June 2014 Time : 10.00 a.m. Proxy Form FIVE-YEAR FINANCIAL SUMMARY 100.0 92.9 90.7 90.0 87.9 85.3 88.1 80.0 76.1 71.9 70.0 69.2 68.5 67.0 60.2 60.7 60.0 59.2 57.1 55.8 52.0 50.3 50.0 49.5 47.2 47.7 47.5 44.1 43.8 42.9 41.7 40.9 RM Million 40.0 39.6 36.8 37.1 36.0 30.0 20.0 10.0 0 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013 Revenue 85.3 88.1 87.9 90.7 92.9 EBITDA 68.5 76.1 71.9 69.2 67.0 Operating profit 47.2 36.0 44.1 39.6 36.8 Profit before tax 52.0 60.7 60.2 59.2 57.1 Profit after tax 42.9 55.8 49.5 47.7 47.5 Profit attributable to shareholders 37.1 50.3 43.8 41.7 40.9 FINANCIAL INDICATORS 2009 2010 2011 2012 2013 Total assets (RM million) 773.0 802.9 746.8 720.8 751.5 Total borrowings (RM million) 135.4 99.9 62.9 4.5 4.2 Shareholders' equity (RM million) 512.8 554.6 559.7 591.2 618.5 Return on equity (%) 7.2 9.1 7.8 7.0 6.6 Return on total assets (%) 5.5 6.9 6.6 6.6 6.3 Interest cover (times) 6.1 9.0 12.8 35.2 158.9 Net earnings per share (sen) 12.3 16.7 14.6 14.0 13.6 Net dividend per share (sen) - 2.3 12.0 3.1 4.5 Net dividend yield (%) - 1.4 9.0 2.2 2.2 Price earning (PE) Ratio (times) 7.3 9.9 9.1 9.5 15.2 Gearing ratio (times) 0.3 0.2 0.1 0.0 0.0 Net assets per share (RM) 1.70 1.84 1.86 1.97 2.06 2 INTEGRAX BERHAD Annual Report 2013 GROUP CORPORATE STRUCTURE GROUP ORGANISATIONAL STRUCTURE INTEGRAX BERHAD Annual Report 2013 3 LUMUT PORT FACILITIES AND SERVICES Lumut Port is located on the west coast of Peninsular Malaysia in the State of Perak directly off the Straits of Malacca. Lumut Port comprises two (2) terminals, Lekir Bulk Terminal (LBT) and Lumut Maritime Terminal (LMT). Strategically located to serve nearer trades within South-East Asia, Myanmar, Bangladesh, India, Sri Lanka, Pakistan, and farther trades with the Far East region, Australia / Pacific region, Africa/Mid East region and EU region. TERMINAL LOCATION COORDINATES Terminal Location Coordinates are as follows: Terminal Location Coordinates Latitude Longitude LMT 04° 15.3’ N 100° 39.6’ E LBT 04° 08.7’ N 100° 37.3’ E Pilot Station Located at latitude 4° 10.5 minutes north and longitude 100° 35 minutes east (south of Pulau Pangkor). The Pilot Station is within 10.5 nautical miles of Lumut Maritime Terminal and within 3 nautical miles of Lekir Bulk Terminal. 4 INTEGRAX BERHAD Annual Report 2013 LEKIR BULK TERMINAL (LBT) LBT DEVELOPMENT HISTORY Consequent to the in-principle indicative approval of the State Government of Perak of the Lekir Coastal Development Project (“Lekir Coastal Project”) in 1996, two companies, Desa Kilat Sdn Bhd (DKSB) and Lekir Bulk Terminal Sdn Bhd (LBT) were formed by three partners who were Perbadanan Kemajuan Negeri Perak, Halim Rasip Holdings Sdn Bhd and Malakoff Berhad, to promote, develop and implement the Lekir Coastal Project which comprised two related developments. • DKSB was responsible for the promotion and development of the Lekir Coastal Project comprising the reclamation of land from the sea in the form of islands and the sale of these islands. Total area available for reclamation was 20,000 acres. • LBT was responsible for the promotion and development of a very deep water bulk terminal, complementary in nature to LMT and the Lekir Coastal Project. DKSB commenced reclamation of the First Island (of 325 hectares) in July 1997 in waters of depth 0.5m to 2.0m ACD. The scope of works included reclamation of land, slope protection and the construction of a bunded enclosed body of water. The First Island was completed on 31 August 1999, and was handed over to its purchasers, TNB Janamanjung Sdn. Bhd. for the purposes of construction and operation of a coal-fired 2,100 MW Power Station, and LBT, for the purposes of its very deep water bulk terminal, pursuant to Site Acquisition Agreements executed in January 1999. LBT executed a Jetty Terminal Usage Agreement with TNB Janamanjung Sdn. Bhd. in August 1999 for the provision of coal unloading and delivery services to the Power Station, thus securing an anchor customer. LBT commenced the construction of Phase I of the dry bulk terminal in May 2000, comprising berths able to accommodate Capemax and Panamax vessels with water depths alongside of 20m ACD, a 2,000m trestle, 2 grab discharge cranes, mechanised handling equipment and controls and appropriate onshore support facilities. In 30 June 2000, LBT achieved financial close with the issue of an RM445million Serial Bond rated AA3 by Rating Agency Malaysia Bhd. on a non-recourse project finance basis INTEGRAX BERHAD Annual Report 2013 5 LEKIR BULK TERMINAL (LBT) (continued) Nature of Terminal Common User Port designed to handle dry bulk and liquid bulk. Gazzetted Customs Port. Port Operation Working Hours 3 Shifts, 24 Hours Per Day, 365 Days Per Year. Administrative Working Hours Mondays to Fridays 08:30 am - 17:00 pm Saturdays 08:30 am - 12:00 noon Closed Sundays and Public Holidays Navigable Channel Directly off the Straits of Malacca Minimum Depth - 20m at all times Berths South Berths Length : 530m Draft : 20m ACD North Berths Length : 250m Draft : 18m ACD Vessel / Size / Parameters Vessels / Maximum 180,000 DWT Barges / Minimum 7,000 DWT Services To Vessels Tuggage required, Pilotage compulsory Port Agency available Dry Bulk Facilities Unloading Equipment 2 grab ship unloaders with 1,500 mt/hour rated capacities feeding 2 import conveyors, with each conveyor having 3,800 MT / hour rated capacity (inclusive of provision for extra grab unloader in future), integrated with a transfer station system with alternative routing capability. A third grab ship unloader will be available by the third quarter of 2014. Direct Transhipment Capability - Under Development Direct transhipment at berth possible using existing unloaders for direct ship / barge to ship / barge transfer between north and south berths, tied in with open and covered storage area of total 200,000 sq. metres to be equipped with appropriate stock piling and reclaiming equipment for integration into existing transfer station system. Estimated storage capacity up to 1.5 million MT. Ship Loading Capability - Under Development Plans for future export berth for vessels / barges with 15m ACD water alongside, with export conveyors integrated with existing transfer station system. Loading rate of 2,500 MT / hour contemplated. Mobile Equipment Wheel loaders, dozers, mobile feed / stacker, etc. to suit requirements. Liquid Bulk Facilities Pipeline wayleaves and tank areas available for direct vessel-to-plant / tank transfer by negotiation. 6 INTEGRAX BERHAD Annual Report 2013 LUMUT MARITIME TERMINAL (LMT) LMT DEVELOPMENT HISTORY Subsequent to execution of the Privatisation Agreement with the State Government of Perak in February 1993, construction of LMT commenced in November 1993 on a turnkey design-build basis. The scope of works included the filling of some 70 acres, a 200m marginal wharf, a 58m marginal barge berth, open and covered storage facilities, appropriate infrastructure and an administrative building for a value for RM60 million. It was completed in July 1995 and was officially opened on 24 July 1995 by the then Prime Minister of Malaysia, Tun Dr. Mahathir Mohamad in the presence of the Chief Minister of Perak, Tan Sri Ramli Ngah Talib, many dignitaries, over 12,000 citizens, 4 helicopters, 1 float plane, a 100 foot yacht and the 12,000 DWT MV KOTA MAWAR being the first vessel alongside. Since 1995 the LMT Terminal has improved and extended its facilities with additional open and covered storage, handling equipment and, in 2001, an extension to the Main Berth of 280m, with depth alongside of 12m ACD, resulting in a total overall straight-line berth length of 500m. INTEGRAX BERHAD Annual Report 2013 7 LUMUT MARITIME TERMINAL (LMT) (continued) Nature of Terminal Common User Port designed and equipped to handle dry bulk, liquid bulk, containers, all conventional cargo and project cargoes.
Load more

Recommended publications
  • Engeo Bumi Sdn. Bhd. Geological Consultant (546731-D)
    COMPANY PROFILE ENGEO BUMI SDN. BHD. GEOLOGICAL CONSULTANT (546731-D) & ENGEO LAB MATERIAL TESTING LABORATORY (IP0340858) 10-T, JALAN ABDUL RAZAK TAMAN IDRIS 30100 IPOH, PERAK Tel : 05-5271791 Call/Whatsapp: 019-5735132 Email : [email protected] Website : https://engeolab4970.wixsite.com/engeolab Facebook : https://www.facebook.com/engeolab4970/ ENGEO BUMI SDN.BHD. ESTABLISHED This Company was established on the 3rd. Mei 2001 APPROVED CAPITAL RM 100,000.00 REGISTERED ADDRESS 5A, Tkt 1, Jln.Pengkalan Barat 19A, Pengkalan Gerbang Mutiara, 31650 IPOH Perak Darul Ridzuan DIRECTORS Abd Majid Sahat Mohamad Yunus Mustapa STATUS 100% Bumiputra MAIN ACTIVITIES Terrain mapping Geological investigation Geophysical investigation Soil investigation Ground/ mineral water investigation EQUIPMENT Drilling Machines -YBM model STAFF DESIGNATION Abd Majid Sahat Pengarah ( BSc ( Hons ) Geologi ) UKM Mohamad Yunus Mustapa Pengarah ( BBA )UITM Razani Zakaria Ahli geologi (BSc ( Hons ) Geologi )UM Zainal Abidin Ahmad Pembantu geologi kanan Mohamad Ibrahim Abd Majid Pengurus Teknikal Mohamad Faizal Abd Majid Pembantu Teknik Mohd. Fauzi Operator mesin penggerudian GEOLOGY&TERRAIN MAPPING SOIL INVESTIGATION GROUND WATER GEOPHYSICAL INVESTIGATION DIRECTORS Name Abd Majid Sahat Designation Director Date of birth 15/8/1958 Academic qualification BSc ( Hons ) UKM ( Geologi ) Work experience 1981 – 2001 as a Geologist in the Mineral and Geoscience Department of Malaysia Name Mohamad Yunus Mustapa Designation Director Date of birth 21/12/1957
    [Show full text]
  • Senarai Penerima Bantuan One Off Kategori Penjaja Yang
    SENARAI PENERIMA BANTUAN ONE OFF KATEGORI PENJAJA YANG LAYAK TETAPI MASIH TIDAK MEMBERI MAKLUMBALAS UNTUK INFO, NAMA DIBAWAH ADALAH NAMA YANG TELAH DISIARKAN PADA 23 MAC DAN 29 MAC 2020 TETAPI MASIH BELUM MEMBERI MAKLUMBALAS DALAM TEMPOH YANG DITETAPKAN. KEPADA MEREKA YANG TERSENARAI LAYAK PADA SIARAN 23 MAC DAN 29 MAC DAN TELAH MEMBERI DOKUMEN SEBELUM INI, TIDAK PERLU LAGI BERTANYA ATAU MENYEMAK NAMA ANDA KERANA NAMA ANDA TELAH DIPROSES. COPY LINK INI DAN PASTE DI GOOGLE SILA ISI MAKLUMAT ANDA DI FORM YANG DISEDIAKAN MELALUI LINK BERIKUT :- MOHON ISI DENGAN BETUL DAN PATUHI ARAHAN YANG TETAPKAN. SELESAIKAN SEGERA SEBELUM 3 APRIL JAM 1.00 PETANG BIL AKAUN ID PELANGGAN NAMA PELESEN ALAMAT PERNIAGAAN STATUS NO TEL 1 8454 30330 085742 MUNIAMAH A/P GOVINDASAMY SEKITAR TELUK BATIK,TELUK BATIK,32200 LUMUT,PERAK DARUL RIDZUAN AKTIF DI TEPI PASAR PANTAI REMIS,JALAN HAI SAN,34900 PANTAI REMIS,PERAK 2 3463 410426085366 CHEW SOOI CHENG AKTIF TIADA DARUL RIDZUAN SEKITAR T.MJG POINT SK I-IV,DSA MJG RYA,SERI MANJUNG,32040 SERI 3 25930 770517087171 YUSRI BIN MAT SAH AKTIF 013-5121453 MANJUNG,PERAK DARUL RIDZUAN SEKITAR TMN MAS,T.SINGA,HIJAU,WIRA DAMAI,SITIAWAN,32000 4 25961 880227085271 TAN CHING KEAN AKTIF SITIAWAN,PERAK DARUL RIDZUAN KAMARUL SHAHRIEZAT BIN SEKITAR TMN MANJUNG POINT SEKY III-IV,SERI MANJUNG,32040 SERI 5 26015 941230106519 AKTIF 016-5025559 KAMARUZZAMAN MANJUNG,PERAK DARUL RIDZUAN SEKITAR KAW TMN MJG POINT 1,2,3 & 4,SERI MANJUNG,32040 SERI 6 26795 580503086197 SUBRAMANIAM A/L ARUMUGAM AKTIF 010-3969343 MANJUNG,PERAK DARUL RIDZUAN TNB POWER PLANT, TELUK RUBIAH,SERI MANJUNG,32040 SERI 7 8002 580513125049 MOHD.
    [Show full text]
  • Soil Liquefaction Hazard Assessment Along Shoreline of Peninsular Malaysia
    SOIL LIQUEFACTION HAZARD ASSESSMENT ALONG SHORELINE OF PENINSULAR MALAYSIA HUZAIFA BIN HASHIM FACULTY OF ENGINEERING UNIVERSITY OF MALAYA KUALA LUMPUR 2017 SOIL LIQUEFACTION HAZARD ASSESSMENT ALONG SHORELINE OF PENINSULAR MALAYSIA HUZAIFA BIN HASHIM THESIS SUBMITTED IN FULFILMENT OF THE REQUIREMENTS FOR THE DEGREE OF DOCTOR OF PHILOSOPHY FACULTY OF ENGINEERING UNIVERSITY OF MALAYA KUALA LUMPUR 2017 UNIVERSITY OF MALAYA ORIGINAL LITERARY WORK DECLARATION Name of Candidate: HUZAIFA BIN HASHIM Matric No: KHA110047 Name of Degree: DOCTOR OF PHILOSOPHY Title of Project Paper/Research Report/Dissertation/Thesis (―this Work‖): SOIL LIQUEFACTION HAZARD ASSESSMENT ALONG SHORELINE OF PENINSULAR MALAYSIA Field of Study: GEOTECHNICAL ENGINEERING I do solemnly and sincerely declare that: (1) I am the sole author/writer of this Work; (2) This Work is original; (3) Any use of any work in which copyright exists was done by way of fair dealing and for permitted purposes and any excerpt or extract from, or reference to or reproduction of any copyright work has been disclosed expressly and sufficiently and the title of the Work and its authorship have been acknowledged in this Work; (4) I do not have any actual knowledge nor do I ought reasonably to know that the making of this work constitutes an infringement of any copyright work; (5) I hereby assign all and every rights in the copyright to this Work to the University of Malaya (―UM‖), who henceforth shall be owner of the copyright in this Work and that any reproduction or use in any form or by any means whatsoever is prohibited without the written consent of UM having been first had and obtained; (6) I am fully aware that if in the course of making this Work I have infringed any copyright whether intentionally or otherwise, I may be subject to legal action or any other action as may be determined by UM.
    [Show full text]
  • At Malakoff, We Continuously Strive To
    BUSINESS REVIEW POWERING EXCELLENCE Corporate Overview 002 Awards and Accolades 004 Corporate Information 007 MALAKOFF CORPORATION BERHAD In the News 008 (“MALAKOFF” OR “THE GROUP”) CONTINUES Corporate Structure 010 TO FOCUS ON OPERATIONAL EXCELLENCE Financial Statistics 012 BY STRENGTHENING OUR FUNDAMENTALS Investor Relations 015 TO ACHIEVE SUSTAINABLE GROWTH. AS THE BOARD OF DIRECTORS LARGEST INDEPENDENT POWER PRODUCER IN MALAYSIA, WE LEVERAGE ON OUR COLLECTIVE Board of Directors 016 Board of Directors’ Profi le 018 EXPERTISE AND RESOURCES EFFECTIVELY AND EFFICIENTLY TO STEER US TOWARDS MANAGEMENT COMMITTEE ACHIEVING OUR VISION “TO BE A PREMIER Management Team 022 GLOBAL POWER AND WATER COMPANY”. Management Team Profi le 024 Table of CONTENTS CORPORATE PERFORMANCE Chairman’s Statement 030 Domestic and International Footprint 034 CEO’s Operations Review – Management Discussion & Analysis 036 Sustainability Statement 048 CORPORATE EVENTS Corporate Events Highlights 076 GOVERNANCE STATEMENTS Corporate Governance Overview Statement 084 Statement of Risk Management and Internal Control 102 Board Audit Committee Report 110 Additional Compliance Information 115 FINANCIAL STATEMENTS Financial Statements 118 OTHERS List of Properties 243 Shareholdings Statistics 258 Notice of Annual General Meeting 262 th Administrative Details 267 13 ANNUAL PROXY FORM GENERAL MEETING Mahkota Ballroom Hotel Istana 73, Jalan Raja Chulan 50200 Kuala Lumpur Thursday, 25 April 2019 10.00 a.m. 002 MALAKOFF CORPORATION BERHAD ANNUAL REPORT 2018 CORPORATE OVERVIEW MALAKOFF CORPORATION BERHAD (“MALAKOFF”) IS AN INDEPENDENT POWER AND WATER PRODUCER BASED IN ASIA. OUR CORE BUSINESS INCLUDE POWER GENERATION, WATER DESALINATION AND OPERATION & MAINTENANCE SERVICES. IN MALAYSIA, WE OWN AN EFFECTIVE GENERATION CAPACITY OF 6,346 MW COMPRISING OF 7 POWER PLANTS THAT RUN ON GAS, OIL AND COAL.
    [Show full text]
  • Directors' Report and Audited Financial Statements
    Directors’ Report and Audited Financial Statements 31 December 2019 K HAZANAH N ASIONAL B ERHAD 199301020767 (275505-K) (Incorporated in Malaysia) Directors’ Report and Audited Financial Statements 31 December 2019 199301020767 (275505-K) Khazanah Nasional Berhad (Incorporated in Malaysia) Contents Page Directors' report 1 - 6 Statement by directors 7 Statutory declaration 7 Independent auditors' report 8 - 11 Corporate information and significant accounting policies 12 - 88 Statement of comprehensive income 89 Statement of financial position 90 Statement of changes in equity 91 Statement of cash flows 92 - 93 Notes to the Company financial statements 94 - 143 Consolidated statement of comprehensive income 144 - 145 Consolidated statement of financial position 146 - 147 Consolidated statement of changes in equity 148 - 149 Consolidated statement of cash flows 150 - 152 Notes to the Consolidated financial statements 153 - 370 199301020767 (275505-K) Khazanah Nasional Berhad (Incorporated in Malaysia) Directors' report The Directors have pleasure in presenting their report together with the audited financial statements of the Group and of the Company for the financial year ended 31 December 2019. Principal activities The principal activity of the Company is that of investment holding. The principal activities of the subsidiaries, associates and joint ventures of the Company and of the Group are described in Note 77 and Note 78 to the financial statements, respectively. Results Group Company RM’000 RM’000 Profit for the financial year, net of tax 5,320,168 8,972,377 Profit attributable to: Owners of the Company 5,372,017 8,972,377 Non-controlling interests (51,849) - 5,320,168 8,972,377 There were no material transfers to or from reserves or provisions during the financial year, other than as disclosed in the financial statements.
    [Show full text]
  • The Mineral Industry of Malaysia in 2009
    2009 Minerals Yearbook MALAYSIA U.S. Department of the Interior September 2011 U.S. Geological Survey THE MINERAL INDUSTRY OF MALAYSIA By Pui-Kwan Tse Malaysia’s economy was dependent on exports of and the optimal use of mineral resources. Under the new policy, manufactured goods and the service sector. As the global the development of the country’s mineral resources was to be financial crisis spread throughout the world during the second accomplished in an environmentally sound, responsible, and half of 2008, Malaysia’s exports decreased and industrial sustainable manner. The recovery, recycling, and reuse of metals output declined. The contraction in exports affected domestic and minerals would be encouraged, and the Government would demand. Private and public investment and consumption urge further development of mineral-based products. Research slowed significantly, reflecting depressed demand in most and development were expected to lead to new technologies, Malaysian exporting markets. Many companies deferred or innovations, and applications that could help reduce production cancelled investment decisions. Output from the industrial costs and be used to create value-added mineral products. The sector decreased by 7.7%, and mining and quarrying output Government planned to establish a mineral industry training decreased by 4.3% in response to the lower prices of condensate fund that would be used to upgrade the skills of workers. and crude oil. The manufacturing sector, which was dominated The Government urged miners to revive abandoned mines, by the export-oriented electrical and electronics manufacturing especially tin mines, and encouraged the States to issue industries, contracted by 10%. The construction sector, which more mining licenses (Ministry of Natural Resources and was supported by the Government stimulus measures, grew Environment, 2009).
    [Show full text]
  • “Malaysia Project”
    www.ipohecho.com.my IPOH ECHO FREE COPY wishes all our Muslim readers IPOH echoechoYour Voice In The Community March 1-15, 2012 PP 14252/10/2012(031136) 30 SEN FOR DELIVERY TO YOUR DOORSTEP – ISSUE ASK YOUR NEWSVENDOR 138 Ipoh’s Watching A Parent’s Choice Stand Out To Virtues The Waters Roll in Get That Job in Danger Page 3 Page 4 Page 6 Page 11 Teluk Rubiah: Vale of Tears for the“Malaysia Project” n January 2010, Vale SA, a Brazilian mining giant, formally By Mariam Mokhtar announced the “Malaysia Project” for which a distribution centre and palletising plant would be constructed in Perak with an initial capital investment of US$900 million (RM3 billion). IConstruction work on the controversial iron ore project at Teluk Rubiah in Manjung is underway. Large quantities of iron ore will be imported from Brazil, before it is converted into pellets and distributed to customers in South East Asia, China and the Asia Pacific region. A dedicated jetty will also be built to import raw materials and to export finished products. Perakeans, desperate for investment and development, gave their tacit consent. Others took no notice of the announcement which was carried in the mainstream papers. The majority were oblivious of this project whilst some have only just realised the magnitude of the proposal by the Brazilian company. Continued on page 2 Vale’s temporary site office Artist impression Kampung Pematang 2 March 1-15, 2012 IPOH ECHO Your Voice In The Community Deep Seaport Terminal for Large Bulk Carriers he “Malaysia Project” will involve a seaport terminal deep enough to accommodate ships of T400,000 dead weight tonnes (dwt).
    [Show full text]
  • Cost of Doing Business in Perak, Malaysia
    COST OF DOING BUSINESS IN PERAK, MALAYSIA 2nd Edition March 2017 PERAK INVESTMENT MANAGEMENT CENTRE Level 4, Perak Techno Trade Centre, Bandar Meru Raya, Off Jalan Jelapang, 30020 Ipoh, Perak, MALAYSIA. Tel : +605-5292 447 / 448 Fax : +605-5292 440 Email : [email protected] Website : www.investperak.gov.my PERAK INVESTMENT MANAGEMENT CENTRE CONTENTS COST of DOING BUSINESS In Perak, Malaysia STARTING A BUSINESS 2 MAIN FEES TO BE PAID TO THE COMPANIES COMMISSION OF MALAYSIA (CCM) 2 RENTAL RATES FOR PRIME OFFICE SPACE 3 COST OF INDUSTRIAL LAND & FACTORY BUILDING 4 COST OF READY-BUILD FACTORY 4 TYPES OF INDUSTRIAL BUILDING AND RATES OF ALLOWANCES 5 AVERAGE CONSTRUCTION COSTS OF FACTORY BUILDING 5 TAXATION 6 COMPANY TAX 6 PERSONAL INCOME TAX 6 PETROLEUM INCOME TAX 7 WITHOLDING TAX 8 GOODS AND SERVICES TAX (GST) 8 EXERCISE DUTY 9 RATE OF CAPITAL ALLOWANCES 9 HUMAN RESOURCES 11 MINIMUM CONDITIONS OF EMPLOYMENT 11 STATUTORY CONTRIBUTIONS 12 EMPLOYMENT OF EXPATRIATES 15 WAGE RATES 16 SALARIES OF EXECUTIVES IN THE MANUFACTURING SECTOR 17 SALARIES OF NON-EXECUTIVES IN THE MANUFACTURING SECTOR 18 FRINGE BENEFITS FOR NON-EXECUTIVES 19 UTILITIES RATES 20 ELECTRICITY RATES 20 WATER RATES 31 SEWERAGE RATES 32 SCHEDULE WASTE TREATMENT RATES 34 GAS & FUEL COSTS 38 TELECOMMUNICATIONS RATES 39 INTERNET SERVICE 42 TRANSPORTATION COSTS 48 OCEAN FREIGHT RATE 48 COURIER SERVICE RATE 48 AIR CARGO RATE 49 AVERAGE HAULAGE RATES 52 IPOH CARGO TERMINAL SDN. BHD. (ICT) 53 LUMUT MARITIME TERMINAL SDN BHD 55 LIVING IN PERAK 58 RENTED ACCOMMODATION, FURNISHED 58
    [Show full text]
  • Chip Bee Steel Sdn. Bhd. (216771-M)
    CHIP BEE STEEL SDN. BHD. (216771-M) COMPANY PROFILE 10, Hala Menglembu Timur 12, 31450 Menglembu, Perak. D.R. Tel : 05-2822 880 (Hunting Line) Fax : 05-2822 900 CHIP BEE STEEL SDN. BHD. Is the manufacturer of metal door & window frames. With headquarters and factory operated in Ipoh, Perak, we provide superior products & services for the local construction & building industry. Chip Bee Steel Sdn. Bhd. brings a fresh and innovative approach to the building material sector. Our goal is to exceed the expectations of every client by offering outstanding customer service, increased flexibility, and greater value. Our associates are distinguished by their functional and technical expertise combined with their hands-on experience, thereby ensuring that our clients receive the most effective and professional service. In order to meet the individual needs of clients, Chip Bee Steel Sdn. Bhd. maintains a wide range of qualifications. We excel in local building projects which are developed using the latest inovation of building technology. Our extensive knowledge base entails the suitability of our products application. At Chip Bee Steel Sdn. Bhd. we are continually expanding upon our knowledge and services to assist clients with successfully implementing new building technology using the Industrial Building Systems (IBS) throughout various locations. Exceptional functional and technical expertise coupled with extensive industry knowledge makes Chip Bee Steel Sdn. Bhd. the ideal choice for a manufacturing firm to supply you with our best and commited products. CONTENTS 1. INTRODUCTION 2. JKR PROJECT REFERENCE 3. HOUSING PROJECT REFERENCE 4. SIRIM CERTIFICATION 5. IKRAM CERTIFICATION 6. JKR APPROVAL LIST CHIP BEE STEEL SDN.
    [Show full text]
  • Directors' Report and Audited Financial Statements
    DIRECTORS’ REPORT AND AUDITED FINANCIAL STATEMENTS 31 DECEMBER 2020 199301020767 (275505-K) Khazanah Nasional Berhad (Incorporated in Malaysia) Contents Page Directors' report 1 - 5 Statement by directors 6 Statutory declaration 6 Independent auditors' report 7 - 10 Corporate information and significant accounting policies 11 - 84 Statement of comprehensive income 85 Statement of financial position 86 Statement of changes in equity 87 Statement of cash flows 88 - 89 Notes to the Company financial statements 90 - 135 Consolidated statement of comprehensive income 136 - 137 Consolidated statement of financial position 138 - 139 Consolidated statement of changes in equity 140 - 141 Consolidated statement of cash flows 142 - 144 Notes to the Consolidated financial statements 145 - 363 199301020767 (275505-K) Khazanah Nasional Berhad (Incorporated in Malaysia) Directors' report The Directors hereby presenting their report together with the audited financial statements of the Group and of the Company for the financial year ended 31 December 2020. Principal activities The principal activity of the Company is that of investment holding. The principal activities of the subsidiaries, associates and joint ventures of the Company and of the Group are described in Note 77 and Note 78 to the financial statements, respectively. Results Group Company RM’000 RM’000 (Loss)/profit for the financial year, net of tax (2,856,924) 3,250,047 (Loss)/profit attributable to: Owners of the Company (2,675,399) 3,250,047 Non-controlling interests (181,525) - (2,856,924) 3,250,047 There were no material transfers to or from reserves or provisions during the financial year, other than as disclosed in the financial statements.
    [Show full text]
  • Tourism Development and Planning at a Local Authority Level: a Case in Manjung, Perak, Malaysia
    SHS Web of Conferences 12, 01092( 2014) DOI: 10.1051/shsconf/20141201092 C Owned by the authors, published by EDP Sciences, 2014 Tourism Development and Planning at a Local Authority Level: A Case in Manjung, Perak, Malaysia Nor Hasliza Md Saad1 , Siti Nabiha Abdul Khalid2, Norliza Zainol Abidin3 1School of Management, Universiti Sains Malaysia, 11800 Penang, Malaysia 2,3Graduate School of Business, Universiti Sains Malaysia, 11800 Penang, Malaysia Abstract. Due to the importance of the tourism industry in the country, it is crucial to ensure that local authorities in Malaysia implement sustainable tourism development. In the 10th Malaysian Plan, the government set a key target to be achieved for the tourism sector. One of the key parties responsible for ensuring that the set targets are achieved is the local authorities, who are responsible for providing proper maintenance because the tourism destinations fall under their area of jurisdiction. The aim of this article is to explore tourism development and planning in one of the popular tourism destination and to analyse the role that local authorities play in the development process. This paper explores the local authorities' views and opinions on their tourism development area using interview and focus group approaches. The paper also combines the analysis of government policy and planning documents with a review of tourism development literature. The findings reveal challenges and issues that are experienced by the local authorities in regard to setting the direction, development and management of tourism development. The issues of tourism development are then discussed for the government to ensure tourism development sustainability in the long term.
    [Show full text]
  • United Nations Code for Trade and Transport Locations (UN/LOCODE) for Malaysia
    United Nations Code for Trade and Transport Locations (UN/LOCODE) for Malaysia N.B. To check the official, current database of UN/LOCODEs see: https://www.unece.org/cefact/locode/service/location.html UN/LOCODE Location Name State Functionality Status Coordinatesi MY 2SF Bandar Baru Bangi 10 Road terminal; Recognised location 0257N 10146E MY ABU Abu Port; Request under consideration 0607N 10517E MY AIR Air Itam/Penang 07 Road terminal; Request under consideration 0524N 10017E MY AKA Long Akah 13 Road terminal; Request under consideration 0319N 11447E MY ANG Angsi Port; Request under consideration 0505N 10441E MY AOG Alor Gajah 04 Rail terminal; Road terminal; Recognised location 0222N 10212E MY AOR Alor Setar Airport; Code adopted by IATA or ECLAC MY APG Ampang 10 Road terminal; Recognised location 0309N 10146E MY ASQ Teronoh 08 Port; Multimodal function, ICD etc.; Recognised location 0425N 10059E MY BAG Bagan Datok Port; QQ MY BAH Bahau 05 Multimodal function, ICD etc.; Recognised location 0490N 10225E MY BAI Bangi 10 Road terminal; Recognised location 0254N 10147E MY BAL Balakong 10 Road terminal; Request under consideration 0301N 10145E MY BAN Banting 10 Road terminal; Recognised location 0249N 10129E MY BAT Batu Pahat Port; QQ MY BAU Bau, Sarawak Port; QQ MY BBA Batu Batu, Sabah Port; QQ MY BBE Bukit Beruntung 10 Road terminal; Request under consideration MY BBN Bario Airport; Code adopted by IATA or ECLAC MY BBS Bandar Baru Selayang 10 Multimodal function, ICD etc.; Request under consideration 0316N 10139E MY BCA Batu Caves 10 Road
    [Show full text]