Symphony Life AR14 FA 03.Indd

S YMPHONY L The Symphony Life Group has entered IFE ANN into our 50th year since our incorporation in 1964 – truly a historic milestone for any company in Malaysia. We have weathered U A several economic downturns, survived L remarkably and delivered more than 20,000 REPOR properties throughout the country. As we continue to embark on programmes to revive and refresh ourselves in order to remain relevant in a competitive business T 2014 environment, we have also redefined our vision, mission and core values in order to enhance our performance and upkeep our commitment to stakeholders. SYMPHONY LIFE BERHAD (5572-H) Level 9, Symphony House Dana 1 Commercial Centre Jalan PJU 1A/46 47301 Petaling Jaya Tel : + 603 7844 6888 Fax : + 603 7844 6868 www.symphonylife.my Launched fi rst urban rejuvenation development 6 Ceylon in the MILESTONES heart of Kuala Lumpur. Launched the award winning mixed commercial development Underwent The Wharf at fi nancial Listed on Taman Tasik Prima, housekeeping Bursa Malaysia Puchong. Launched with returned on 5 December the fi nal phase of focus to property Underwent an aggressive signature Tijani Built the tallest expansion and diversifi cation development Built Hotel Midah development - offi ce/retail plan into various businesses from in Kuala Lumpur Arata building in Kuala food franchising and retailing to Rebranded as Symphony Life Lumpur - Campbell quarrying and liquid bulk terminal Launched Berhad Complex operations. mixed township Incorporated development in as a private Also involved in fi nancial services, Taman Tasik Prima, limited company systems integration, equipment Puchong on 15 July 1964 trading, hotel and rental, manufacturing of cement activities, among others 1964 1973 1980s-1990s 1996 2000 2006 2010 2013 1970s 1975 1992 1997 2001 2007 2012 2014 Ventured into Developed the Penang with the Completed Arata fi rst condominium Completed the launch of Surin and 6 Ceylon. in Kuala Lumpur - largest shopping condominium in Ventured into fi rst Launched mall in Langkawi Tanjung Bungah offi ce development Bolton Court Embarked fi rst township Island - Langkawi in Section 13, on fi rst development in Fair Shopping Petaling Jaya, build-then-sell Klang Valley - the Complex Launched fi rst Selangor. 350-acre high-end development in Taman Midah, development, Taman Sri Rampai, Cheras The Tijani, within Wangsa Maju. Developed Bolton the luxurious Launched Tijani Industrial Park in Bukit Tunku enclave Ukay, a high-end Batu Caves in Kuala Lumpur development bearing the signature Tijani trademark TIJANI UKAY ELEVIA THE WHARF TWY DESIRAN BAYU RESIDENCES SHOPPING MALL CONTENTS 004 Board of Directors 006 Board of Directors’ Profi les 010 Chairman’s Message 018 Senior Management 022 Corporate Information 023 Group Corporate Structure 024 Five-year Financial Performance 026 Statement on 034 Statement on Corporate Social Corporate Governance Responsibility 045 Statement on 030 Group Corporate Risk Management Calendar and Internal Control 048 Audit Committee Report 053 Additional Compliance Information 055 Statement of Directors’ Responsibility 056 Financial Statements 149 Analysis of Shareholdings 153 Analysis of Warrant Holdings 156 Properties Owned by SIGNAL HILL Symphony Life Group 161 Notice of Annual General Meeting 164 Statement Accompanying Notice of Annual General Meeting Form of Proxy OUR VISION, MISSION AND CORE VALUES VISION MISSION A dynamic lifestyle brand creating We build quality and innovative better living by design properties focusing on value creation and customer satisfaction THE WHARF SHOPPING MALL COMMITMENT HIGH PERFORMANCE ORIGINALITY RESPONSIVENESS UNITY SERVICE-FOCUSED We deliver We set high We We adapt to We practice Our on our standards incorporate changes in teamwork, customers promise to for people, innovation in customers’ believe in come fi rst customers, processes, our delivery lifestyle respect partners, productivity needs and work in employees and quality harmony and stakeholders 002 ANNUAL REPORT 2014 SYMPHONY LIFE BERHAD 003 CCOMMITMENT THE ESSENCE OF LIFE IS TO CARE BOARD OF DIRECTORS SEATED (LEFT-RIGHT) 1 CHIN JIT PYNG Non-Independent Non-Executive Director 2 DATO’ ROBERT TEO KENG TUAN Independent Non-Executive Director 3 TAN SRI AZMAN YAHYA Non-Independent Executive Chairman 4 WING KWONG @ CHAN WING KWONG Non-Independent Executive Director STANDING (LEFT-RIGHT) 5 LEE SIEW CHOONG Independent Non-Executive Director 6 TAN SRI NIK MOHAMED BIN NIK YAACOB Independent Non-Executive Director 004 ANNUAL REPORT 2014 SYMPHONY LIFE BERHAD 005 BOARD OF DIRECTORS’ PROFILES TAN SRI AZMAN YAHYA WING KWONG @ CHAN WING KWONG Executive Chairman Non-Independent Executive Director Non-Independent Executive Director British/Permanent Resident of Malaysia, Malaysian, Age 50 Age 58 JOINED THE BOARD JOINED THE BOARD • 23 June 2005 • 1 December 2007 EDUCATION/QUALIFICATION EDUCATION/QUALIFICATION • First class honours degree in Economics • Bachelor of Science in Civil Engineering from the London School of Economics and from University of Houston, Texas, U.S.A. Political Science • Member of the Institute of Chartered EXPERIENCE/PREVIOUS CAREER Accountants in England and Wales APPOINTMENTS • Member of the Malaysian Institute of • Started his career as design engineer in the Accountants oil and gas sector in U.S.A. • Fellow of the Malaysian Institute of Banks • Upon returning from U.S.A., joined EXPERIENCE/PREVIOUS CAREER the construction sector and worked on APPOINTMENTS prestigious projects such as the prestigious • Appointed by the Government of Malaysia thirty-eight (38) storey LUTH Building, Pusat in 1998 to set-up and head Danaharta, the Islam and Medan Mara national asset management company and • Group Executive Director of Salcon subsequently became its Chairman until Engineering Sdn. Bhd., a wholly-owned 2003 subsidiary of Kumpulan Emas Berhad, the • Chairman of the Corporate Debt leading water engineering company in Restructuring Committee (CDRC) which Malaysia from 1994 to 1998 was set-up by Bank Negara Malaysia to • Joined the Company as Chief Operating mediate and assist in the debt restructuring Offi cer (“COO”) in November 2000 of viable companies until its closure in 2002 • On 1 January 2004, joined Kejora Harta • Auditing with KPMG in London Bhd. (“Kejora”), a then 32% associated • Finance with the Island & Peninsular Group company of the Company as COO • Investment banking with Amanah Merchant • Appointed to Kejora’s Board as an Executive Bank Director on 15 April 2004 • Re-appointed as the COO of the Company OTHER OFFICES/MEMBERSHIPS on 1 April 2007 • Chairman of the Motorsports Association of Malaysia NUMBER OF BOARD MEETINGS ATTENDED • Director of Sepang International Circuit IN THE FINANCIAL YEAR • Member of Capital Market Advisory Group, • All the eight (8) meetings Securities Commission • Member of the Financial Reporting Foundation PUBLIC COMPANIES DIRECTORSHIPS • Group Chief Executive of Symphony House Berhad • Director of Scomi Group Berhad • Director of Khazanah Nasional Berhad • Director of PLUS Expressways International Berhad • Director of Ekuiti Nasional Berhad • Director of AIA Group Limited NUMBER OF BOARD MEETINGS ATTENDED IN THE FINANCIAL YEAR • All the eight (8) meetings 006 ANNUAL REPORT 2014 SYMPHONY LIFE BERHAD 007 TAN SRI NIK MOHAMED BIN NIK YAACOB DATO’ ROBERT TEO KENG TUAN Independent Non-Executive Director Independent Non-Executive Director Chairman of the Remuneration Committee Member of the Audit Committee Member of the Audit Committee Member of the Nominating Committee Member of the Nominating Committee Member of the Remuneration Committee Malaysian, Age 65 Malaysian, Age 64 JOINED THE BOARD JOINED THE BOARD • 14 July 2005 • 8 April 2004 EDUCATION/QUALIFICATION • Diploma in mechanical engineering EDUCATION/QUALIFICATION • B.E. (Hons) Degree from Monash University • Chartered Accountant • Master in Business Management from the • Member of the Malaysian Institute of Asian Institute of Management Accountants • Advanced Management Programme at Harvard University • Fellow member of the Institute of Chartered Accountants in England and EXPERIENCE/PREVIOUS CAREER Wales APPOINTMENTS • Served as the Group Chief Executive of EXPERIENCE/PREVIOUS CAREER Sime Darby Berhad and on the Boards of APPOINTMENTS the Sime Darby group of companies from 1993 until his retirement in June 2004 • Presently the managing partner of RSM • Served as a director of Supercomal Robert Teo, Kuan & Co., a professional Technologies Berhad until November 2007 public accounting fi rm, which is a member • Previously the Chairman of the Advisory of RSM International Council of National Science Centre and Chairman of the Board of UiTM • Approximately forty (40) years experience • Served as a member of the INSEAD East in taxation matters, specialised in Asian Council, National Council for Scientifi c corporate tax consultancy work in Research and Development, Coordinating addition to audit and fi nancial matters Council for the Public-Private Sectors in the • Undertaken Special Administrator Agricultural Sector, National Coordinating Committee on Emerging Multilateral Trade appointments by Pengurusan Danaharta Issues and the Industrial Coordinating Nasional Berhad for certain public listed Council companies • Previously a representative for Malaysia in • Involved in the restructuring of the Apec Business Advisory Council and the Asia-Europe Business Forum corporations including some of which are listed on the Bursa Malaysia Securities OTHER OFFICE Berhad • Executive Director of Yayasan Kepimpinan • Served

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