ANNUAL REPORT 2012

A world of possibilities

2011 Rating System for Malaysian Higher Education Institutions (SETARA) CONTENTS 68 -108 58 -59 56 -57 46 -55 41 -45 23 -40 20 -21 18 -19 14 -15 12 -13 5 -6 3 -4 65 64 63 62 61 60 22 17 16 11 10 9 8 7 2 Financial Statements Study Grants&Scholarships Student Enrolment&Graduation Corporate SocialResponsibilityInitiatives Towards AQualityEnvironment Arts Events Public Talks Major Events Strategic Partnerships Operational Support Academic Support Academic Profile Regional CentreDirectors Management Board The Senate Organisational Structure International AdvisoryBoard The BoardofGovernors Wawasan EducationFoundation Governance Structure Pro-Chancellor Chancellor Governance Vision, Mission&Values The ContinuingYearsofWOU Vice Chancellor’sMessage Board ofGovernorsChairman’sMessage

1 WOU ANNUAL REPORT 2012 2 WOU ANNUAL REPORT 2012 Chairman, BoardofGovernors,WawasanOpenUniversity Tan SriEmeritusProfGajarajDhanarajan BOARD OFGOVERNORSCHAIRMAN’SMESSAGE I commendthisreportforyourreading. its missionisnobleandgoalsachievable. challenges ofthefuturewithconfidenceandknowledgethat a longway,thisreportalsosignalsitspreparationtomeet the education sectorofMalaysia.WhiletheUniversityhascome and progressoftheUniversityinever-expandinghigher five years before it have laid the foundations for orderly growth of theUniversity’sleadershipandstaff.Thislast year andthe global peersaretestamentstoboththequalityanddynamism Qualifications Agency,aswelltherespectofregionaland at theundergraduateandpostgraduatelevelsbyMalaysian accreditation oftheUniversity’sinitialoffer20programmes suited totheworkandlifestyleofadultMalaysians.The of qualityhighereducationusingdistancemethods of a University that has clearly established itself as a provider the Universityduringlastyear(2012).Itisaproudrecord This reportrecordstheaccomplishmentsandachievementsof pleasure ofchairinghasreplacedit. The BoardofGovernorstheUniversitywhichIhave Wawasan OpenUniversityceasedtoexistasof31July2011. Ministry ofHigherEducation,Malaysia,theCouncil In compliancewith the newconstitutionmandatedby Chancellor ProfDato’DrHoSinnChyeinhisreport. with thenobleaimsasarticulatedeloquentlybyVice Lim KengYaik,theforcebehindsettingupofthisUniversity University Council,underthechairmanshipoflateTunDr carried out duringthe governance oftheWawasan Open The workrecordedandreportedbytheUniversitywasmostly 555) oftheGovernmentMalaysia. under thePrivateHigherEducationalInstitutionsAct1996(Act such report of the University, which wasestablished in 2006 Ministry ofHigherEducation,Malaysia.Thisisalsothefourth expectations oftheWawasanEducationFoundationand Governors oftheUniversity.Thisisincompliancewith of theWawasanOpenUniversityonbehalfBoard I ampleasedtopresenttheAnnualReportforyear2012 programme. 13 graduatesfromthePost-GraduateDiplomainEducation programmes. TheUniversityalsorolledoutitsfirstbatch of from undergraduateprogrammesand100postgraduate or graduatediplomascrollsthatday,outofwhich265were A totalof365graduates(highesttodate)receivedtheirdegree Singh wasconferredtheHonoraryDoctorofLetters. Pro-Chancellor ofWOU.Atthesameceremony,Dato’SeriChet the proclamationofYBTanSriDrKohTsuKoonasfirst at theMainCampusinPenang.TheCeremonyalsowitnessed for graduatingstudentsheldon24thand25thNovember2012 The secondonewastheUniversity’s3rdConvocationCeremony Administration). Gungwu (Doctor ofLaws)andMrRPadmanathan(Master Nazir Razak(Doctor ofBusiness),EmeritusProfDrWang Degrees to three distinguishedrecipients namely Dato' Sri Menara PGRM,KualaLumpurfortheconfermentofHonorary first was the Special Convocation Ceremony on 16 June 2012 in Two convocationceremonieswereconductedthisyear.The selfless sacrificetotheUniversity. 22nd. WearealltrulyindebtedtoTunDrLimforhisvisionand and Chancellor,thelateTunDrLimKengYaik,onDecember community alsomournedthedemiseofourrespectedFounder Sinn Chyeasthesuccessoron1stOctober2012.TheWOU September 2012andtheappointmentofProfDato’DrHo Chancellor andCEO,ProfDato’DrWongTatMeng,on15th The yearwitnessedtheretirementofWOU’ssecondVice acknowledged withgratefulthanks. Board of DirectorsandBoardGovernorsWOUarehereby support receivedfromtheWawasanEducationFoundation, one formoranotheralongtheway.Thevaluableguidanceand several significanthappeningsandearnedaccoladesof managed to attain mostofthe set academic goals, experienced Open Universitycommunity.Nonethelessthehad Year 2012 had been an exceptionally busy year for the Wawasan cont. Vice Chancellor&ChiefExecutiveOfficer,WawasanOpenUniversity VICE CHANCELLOR’SMESSAGE Prof Dato’DrHoSinnChye

3 WOU ANNUAL REPORT 2012 4 WOU ANNUAL REPORT 2012 of amanagement stream-liningandefficiency enhancement Cheras, KualaLumpur tothemaincampusin Penangaspart from theiroriginal baseofoperationsintheRegional Centrein for Professional Development and Continuing Education back Education, LanguagesandCommunications andtheCentre The yearalsowitnessedthe relocationoftheSchool managed byitsInstituteofResearch andInnovation(IRI). research projects.TheUniversity’s fundsforsuchresearchare had beenfurtherpromotedthroughfundingof4new On theresearchfront,academicstaffparticipationin advantage forWOU. aim istoturnthisqualitycultureintoauniquecompetitive protocols andmonitoredbytheQualityAssuranceOffice.The the goodpractice, guidedbyourrigorousqualityassurance time commitmenttoquality.Wewillcertainlycontinuewith higher learning.Indeedthe“excellent”ratingreaffirmsourall 2011 rankingexerciseconductedonlocalinstitutions of accorded a5-Star(Excellent)ratingbyMOHEinitsSETARA core valuesofWawasanOpenUniversity.In2012,WOUwas The provision ofquality education hasalways been one of the 2012. established; oneinKlangandtheotherSubangmid in theKlangValleytwonewRegionalSupportCentreswere To increaseoutreachandstudentrecruitmentopportunities The totalnumberofRegionalCentresstoodatsix(6)in2012. student. students haditstermsandconditionsrevisedinfavourofthe Study Grantwhichisaimedatrecruitingnewundergraduate MyEnrolment system.TheWawasanEducationFoundation unique Examples includetheFriendsandFamilyProgramme,WOU’s different marketsegmentsandexisting student population. and retentionbyapplyingamulti-prongapproachtargetedat intensified itseffortsin2012toincreasestudentrecruitment of graduatesexitingtheUniversity.TheUniversitytherefore has partlybeenerodedbyagradualincreaseinthenumber in 2011,thesteadygrowthstudentpopulationWOU It isfair to addthat since crossingthe 10th semester timeline 2012 was3,796and3,888respectively. and post-graduatestudiesintheJanuaryJulysemesters total numberofactivestudentswhohadregisteredforunder- obtained fullaccreditationfromMQAin2012.Thecombined by MOHEin2012.Ofthe20fullyaccreditedprogrammes,7 programmes include3newthatwereapproved of which20havebeenfullyaccreditedbytheMQA.The43 WOU wasofferingatotalof43programmesin2012out Vice Chancellor&ChiefExecutiveOfficer,WawasanOpenUniversity Prof Dato’DrHoSinnChye VICE CHANCELLOR’SMESSAGE Valued PartnershipProgramme,andtheonline day. of allavailableresourceswillcontinue tobetheorderof management level,financialprudence andcost-efficientuse to enhancethelearningexperience ofstudents.Atthe technology forteachingand learningwillbeexplored recruitment andretention.New applicationsofinformation demand. Therewillbeintensified effortstoincreasestudent programmes thatareindustryrelevantandmeetmarket Moving forward,WOUwillcontinue to developacademic Sciences, Finland. Abdul Rahmanandwith HAAGA-HELIA University of Applied Chonnam NationalUniversity(SouthKorea),UnversitiTunku three academicinstitutionsthisyear.ItsignedMoUswith The University also established academic linkages with won 2outofthe3prizesinBestPaperAwardcategory. Teik KooiastheSecretaryGeneral.Atthisconference,WOU The BoardalsoendorsedtheappointmentofDrAndyLiew during the 26th AAOU Annual Conference in Chiba, Japan. by theExecutiveBoardofAAOUatits27thmeetingheld Ho succeededProfWongastheAAOUPresidentendorsed Asian AssociationofOpenUniversities(AAOU)in2012.Prof WOU continued to helm the Presidency and Secretariat of the Development ResearchCentre(IDRC). of OER.TheeventwaslargelyfundedbytheInternational this newwaveofknowledgesharingwhichinvolvestheuse objective oftheSymposiumwastoaddimpetusinAsia region in itsmain campus fromSeptember 19-21, 2012. The WOU hostedtheinauguralOERsymposiumforAsian by theUniversity’sOERpolicy. educational resources(OER)materialsintheircoursesguided Library hadbegunsourcingforandincorporatingmoreopen the Educational Technology andPublishing Unit and the development andrevision,thefourSchools,assistedby As part of the overall plan to reduce cost in course content went onstreaminJuly2012. LMS fromtheirrespectiveonlineportals.Thisupgraded added toenablestudentsandtutorsdirectlyaccessthe incorporated intheLMS.Asinglesign-onfeaturehadbeen 2.0 platformallowsformoreinteractivefeaturestobe Management System(LMS)wasupgraded.ThenewMoodle The University’sMoodlebasedmulti-featureonlineLearning of WOU. exercise. ThemovewasapprovedbytheBoardofGovernors independent scholar, shares ontheracial history ofMalaysia. Belle, anAustralian Dr CarlVadivella Chancellor with the Honorary Graduates. The late 29 June 19 May 16 June Main Campus. Fire drillatthe Dr WuLien-teh. plague fighter, Public talkonthe 10 May THE CONTINUINGYEARSOFWOU WOU academics listen toatalk on Intellectual Relay forLife Property. Penang. 11 May 23 June 22 May drive. a blooddonation Staff participatein Orientation Day. the pledgeduring Students recite 15 July

5 WOU ANNUAL REPORT 2012 6 WOU ANNUAL REPORT 2012 THE CONTINUINGYEARSOFWOU 24-25 Nov 19-21 Sept symposium forthe graduation day. attend theOER Asian regionat All smileson Delegates WOU. 20 July 31 Oct Night. Appreciation WOU hostsMedia Ghana. Technology, Science and University of Kwame Nkrumah delegates from Meeting with 24 Nov 28 August the AAOUAnnual (right) winsBest Paper Awardat Christmas party Conference in Dr AndyLiew for theless fortunate. Hosting a Japan. 14 Dec2012 17-18 Oct about Tagore. University talks from Harvard Prof SugataBose WOU. Pro-Chancellor of Koon becomes Tan SriDrKohTsu • • • • • line with the cherished noble values that we all share. We believe in: We believethatyou have thepotential to develop to thefullest, in Values knowledge andscholarshipamongallMalaysians. education andexcellenceinteachingsoastoincreasethelevelof We commitourselvestotheexpansionofopportunitiesinhigher Mission innovation andnurturesall-roundpersonalgrowth. To be avibrant learning community that inspires learning, supports Vision Academic freedomandfairness. Valuing citizensandthecommunity; Recognising ouremployees; Celebrating thediversityofourstudents; Upholding highinstitutionalstandards; VISION, MISSION&VALUES

7 WOU ANNUAL REPORT 2012 8 WOU ANNUAL REPORT 2012 GOVERNANCE played bytheformerCouncil. was formedinNovember2011 toreplacetherole Education (MOHE)directive, aBoardofGovernors was revisedtocomplywith aMinistryofHigher In accordancewiththenew WOU Constitutionthat • • • are: The keyfeaturesofWOU’sgovernancestructure accountability andacademicexcellence. underpinned byacultureofopenness,transparency, reflects international good practice and onethat is WOU has in place a governance structure that (Act 555). Private HigherEducationalInstitutionsAct1996 Constitution, developedinaccordancewiththe clearly definedintheWawasanOpenUniversity major permanentdecision-makingbodiesare membership andreportingprotocolsofthe governance, thefunctions,structure,leadership, In line with the principles of good and transparent tax-exempt entity. by theWawasanEducationFoundation(WEF),a Institutions Act 1996 (Act 555),and wholly owned accordance withthePrivateHigherEducational a private,not-for-profituniversity,establishedin Wawasan OpenUniversitySdnBhd(WOUSB)is Council andtheBoardofDirectorsWEF. higher authorityallthewaytogoverning where eachoperationalbodyreportstoa A clearlydefinedsystemof‘checksandbalances’ for inspection; Authority meetings are archived and available Transparency -fullrecordsofallUniversity WEF; to theCouncilandBoardofDirectors operational bodies are ultimatelyaccountable Accountability - the University’s academic and Chancellor ofWawasanOpenUniversity (until hispassingon22Dec2012) Tun DrLimKengYaik

9 WOU ANNUAL REPORT 2012 10 WOU ANNUAL REPORT 2012 Pro-Chancellor ofWawasan Open University(sinceNovember2012) Tan SriDrKohTsuKoon Committees Committee Staffing Ad-hoc Education Foundation Development (Board ofDirectors) Committees Committee Committee Executive Ad-hoc Wawasan Committees Committee Ad-hoc Finance Pro-Chancellor Chancellor Governors Board of WOU’S GOVERNANCESTRUCTURE Standing/Ad-hoc Schools and Committees Centres Senate Chancellor Vice regulatory agencies MOHE, MQA and other Standing/Ad-hoc Advisory Board Management International Committees Board

11 WOU ANNUAL REPORT 2012 12 WOU ANNUAL REPORT 2012 WAWASAN EDUCATIONFOUNDATION(WEF) DIRECTORS Packet OneNetworks (Malaysia)SdnBhd Independent Director, Mr ChenYowSeong Heng LeeGroupofCompanies Chief ExecutiveOfficer, Mr LooChooTeng Heng LeeGroupofCompanies Chairman, Huat Dato’ SeriStephenYeapLeong Penang Institute Director, Board ofGovernors,WawasanOpenUniversity Chairman, Singh Dato’ SeriChetSinghKaram Dhanarajan Tan SriEmeritusProfGajaraj Heng LeeGroupofCompanies Director, Malaysian ManagementConsultantsSdnBhd Director, Mr YeapLeongSoon Dato' LimKhengGuan WAWASAN EDUCATIONFOUNDATION(WEF) Parti GerakanRakyatMalaysia Vice President, Dato' SeriChiaKwangChye Tun DrLimKengYaik Salcon Berhad Chairman, Dato’ SeriGohEngToon Malaysian ManagementConsultantsSdn Bhd Director, Dato’ LimKhengGuan Albukhary InternationalUniversity Member, BoardofGovernors, Dato’ DrSharomBinAhmat Heng LeeGroupofCompanies Chairman, Dato' SeriStephenYeapLeongHuat Parti GerakanRakyatMalaysia Treasurer, Datuk NgChiangChin@Wang Parti GerakanRakyatMalaysia Vice President, Dato' DrTengHockNan President, PartiGerakanRakyatMalaysia Minister inthePrimeMinister'sDepartment Tan SriDrKohTsuKoon Wawasan OpenUniversity Chairman, BoardofGovernors, Tan SriEmeritusProfGajarajDhanarajan Parti GerakanRakyatMalaysia Former DeputyPresident, Dato' SeriKerkChooTing Immovable Assets,PartiGerakanRakyatMalaysia Chairman, (until hispassingon22Dec2012) MEMBERS

13 WOU ANNUAL REPORT 2012 14 WOU ANNUAL REPORT 2012 THE BOARDOFGOVERNORS Penang Institute Director, Dato' SeriChetSingh Hon. Director,InstituteofResearch&Innovation Chairman, Dhanarajan Tan SriEmeritusProfGajaraj Genting Berhad Independent Non-ExecutiveDirector, Heng LeeGroupofCompanies Chairman, Malaysian TimberCertificationCouncil Chairman, Dato' DrFreezailahCheYeom Dato' DrRThillainathan Dato' SeriStephenYeapLeongHuat Wawasan OpenUniversity Vice Chancellor/ChiefExecutiveOfficer, Heng LeeGroupofCompanies Chief ExecutiveOfficer, Wawasan OpenUniversity Secretary toBoardofGovernors/Registrar, Mr YeongSikKheong Prof Dato'DrHoSinnChye Mr LooChooTeng THE BOARDOFGOVERNORS (Senate representative) School ofScience&Technology,WawasanOpenUniversity Acting DeputyViceChancellor(Academic)&Dean, RGB InternationalBerhad Chairman, Prof ThamChoyYoong Mr OoiTengChew

15 WOU ANNUAL REPORT 2012 16 WOU ANNUAL REPORT 2012 delivery methodsareinaccordancewiththehighestinternationalstandards. recognised expertsinthefieldofODLandregularlyconsultwithWOUtoensurethatUniversity’sprogrammes,teaching and The InternationalAdvisoryBoardconnectsWOUtotheheartofinternationalODLcommunity.IABmembersareallglobally- INTERNATIONAL ADVISORYBOARD Broadcasting System),Seoul President, EBS(KoreanEducational Prof DrDukHoonKwak Commonwealth ofLearning,Canada Former PresidentandChiefExecutiveOfficer, Sir JohnDaniel Rector, UniversitasTerbukaIndonesia University ofSouthernQueensland,Australia Director ofAustralianDigitalFuturesInstitute, Prof DrTianBelawati Prof DrJimTaylor United Kingdom Former ViceChancellor,TheOpenUniversity, Prof DrBrendaGourley (Academic Support) Chancellor Asst Vice Library Services of Educational of Educational & Publishing (SBA, SST,SFLS&SELC) Technology Technology Learning & Director of Director Director Registrar Staff &Tutors Academic Deans Deputy Vice Chancellor (Academic) Senate PACE -Centrefor Professional DevelopmentandContinuing Education SELC -SchoolofEducation, Languages&Communications SFLS -SchoolofFoundation&Liberal Studies SST -SchoolofScience&Technology SBA -SchoolofBusiness&Administration Assurance Graduate Studies Manager Quality Director of Centre for Board ofGovernors Chancellor Vice PACE ORGANISATIONAL STRUCTURE Management Regional Centre Senior Manager Internal Audit Board Directors General Services& Communications Marketing/Corp Administration Operations Deputy Vice Director of Director of Director of Director of Director of Director of Director of IT Services Resources (Operations) Chancellor Regional Finance Human

17 WOU ANNUAL REPORT 2012 18 WOU ANNUAL REPORT 2012 THE SENATE School ofFoundation&LiberalStudies Acting Dean, Dr SNagarajan (Academic Support) Assistant ViceChancellor Prof MohandasBMenon Vice Chancellor Prof Dato'DrHoSinnChye Registrar Acting Director,CentreforGraduateStudies Dean, SchoolofBusiness&Administration School ofScience&Technology Acting DeputyViceChancellor(Academic)&Dean, Mr YeongSikKheong Narasimham Prof NarneVenkata Prof ThamChoyYoong Learning &LibraryServices Director, Communications Dean, SchoolofEducation,Languagesand (Operations) Deputy ViceChancellor Pn KamsiahMohdAli Raman Associate ProfDrSanthiram Dr SeahSooAun DISTED College President, Dr KooWeeKor Quality Assurance Manager, Dr AndyLiewTeikKooi Educational Technology&Publishing Director, Ms GraceLauPeeHoay Educational Technology&Publishing Professor, Finance Director, Bhandigadi Prof Phalachandra Ms ChuaSawNee Deputy Registrar Information TechnologyServices Senior Manager, Ms SovindarKaur Mr TanPooiSee THE SENATE

19 WOU ANNUAL REPORT 2012 20 WOU ANNUAL REPORT 2012 MANAGEMENT BOARD School ofFoundation&LiberalStudies Acting Dean, Dr SNagarajan (Academic Support) Assistant ViceChancellor Prof MohandasBMenon Vice Chancellor Prof Dato'DrHoSinnChye Registrar Acting Director,CentreforGraduateStudies Dean, SchoolofBusiness&Administration School ofScience&Technology Acting DeputyViceChancellor(Academic)&Dean, Mr YeongSikKheong Narasimham Prof NarneVenkata Prof ThamChoyYoong General Services&Administration Director, Communications Dean, SchoolofEducation,Languagesand (Operations) Deputy ViceChancellor Mr AndrewJoseph Raman Associate ProfDrSanthiram Dr SeahSooAun Quality Assurance Manager, Dr AndyLiewTeikKooi Finance Director, Ms ChuaSawNee Learning &LibraryServices Director, Pn KamsiahMohdAli Human Resources Director, Educational Technology&Publishing Director, Ms ShirleyKhoo Ms GraceLauPeeHoay MANAGEMENT BOARD Information TechnologyServices Senior Manager, and RegionalOperations Director, Marketing&CorporateCommunications, Mr TanPooiSee Mr ChongKongHoong

21 WOU ANNUAL REPORT 2012 22 WOU ANNUAL REPORT 2012 HEADS OFREGIONALSUPPORT CENTRES REGIONAL CENTREDIRECTORS Head, BandarUtama RegionalSupportCentre Mr KRajasekaran Director, JohorBahruRegionalCentre Dr NgPengLong Director, KlangValleyRegionalOperations Mr AdrianSiewWaiYen Head, SubangRegional SupportCentre Director, PenangRegionalCentre Director, IpohRegionalCentre En MohdShuib MdJadi Mr KManoharan Ms ChingHueyLing Head, KlangRegional SupportCentre Director, KuchingRegionalCentre Director, KualaLumpurRegionalCentre Ms NgAiChen Mr JimmyChai Pn NoorainiYoup Director, KotaBharuRegionalCentre En AzlyYongAbdullah • • • certificates: programme, fivegraduate diplomas andtwograduate programmes, oneBachelorofManagement(Hons) SBA currentlyofferseightBachelorofBusiness(Hons) • • • • aims: academic staffintheSchool.SBAisguidedbyfollowing the Dean,ProfNarneVenkataNarasimham.Thereare16 The School of Business and Administration is headed by Overview SCHOOL OFBUSINESS&ADMINISTRATION(SBA) Systems Bachelor ofBusiness(Hons) inBusinessInformation Bachelor ofBusiness(Hons)in BankingandFinance Bachelor ofBusiness(Hons)in Accounting all ourpursuits. To maintainthehigheststandardsofacademicqualityin government inMalaysia; advancement ofthebusinesscommunityand To produceexcellentresearchoutcomesforthe government relationships; competitive globalbusinessenvironmentandbusiness- To equiplearnerswiththenecessaryskillstoexcelin and publicservicesector; knowledge tofulfiltheneedsofbusinesscommunity To developanddisseminatebusinessmanagement • • • programmes andonepost-graduatediplomaprogramme: SBA alsocurrentlyoffersthefollowingtwoMaster’s • • • • • • • • • • • • • Post-Graduate DiplomainBusiness Administration Administration (CeMPA) Commonwealth ExecutiveMaster ofPublic Administration (CeMBA) Commonwealth ExecutiveMasterofBusiness Graduate CertificateinLogisticsManagement Graduate CertificateinBusinessManagement Graduate DiplomainSupplyChainManagement Graduate DiplomainSalesandMarketing Graduate DiplomainCorporateAdministration Graduate DiplomainBusinessAccounting Graduate DiplomainBankingandFinance Bachelor ofManagement(Hons)withPsychology Bachelor ofBusiness(Hons)inSalesandMarketing Bachelor ofBusiness(Hons)inManagement Management Bachelor ofBusiness(Hons)inLogisticsandSupplyChain Small BusinessManagement Bachelor ofBusiness(Hons)inEntrepreneurshipand Bachelor ofBusiness(Hons)(CorporateAdministration) ACADEMIC PROFILE

23 WOU ANNUAL REPORT 2012 24 WOU ANNUAL REPORT 2012 • • • Senate andBoardofGovernors: face-to-face programmes for the approval of the University’s The Schooliscurrentlydevelopingthreemorenewon-campus • • to theMQAforapproval: (Hons) programmesthathavebeendevelopedandsubmitted to approvalfromMQA)withtwonewBachelorofBusiness programmes atthemaincampusinSeptember2013(subject The Schoolwillbeginon-campusface-to-face(F2F)teaching • • Qualifications Agency(MQA)forapproval: programmes thathavebeensubmittedtotheMalaysian The SchooldevelopedtwonewBachelorofBusiness(Hons) New Programmes ACADEMIC PROFILE Bachelor ofBusiness(Hons)inSalesandMarketing Management Bachelor ofBusiness(Hons)inLogisticsandSupplyChain Bachelor ofBusiness(Hons)inBankingandFinance Bachelor ofBusiness(Hons)inManagement Bachelor ofBusiness(Hons)inAccounting Management Bachelor ofBusiness(Hons)inHospitalityandTourism Management Bachelor ofBusiness(Hons)inHumanResource graduate diploma willneedtocompleteonly foursubjects also beengranted exemptionsbyMAICSA. Holdersofthe The Graduate Diploma in Corporate Administration has degree willonlyneedtocomplete foursubjects. has beengrantedexemptions byMAICSA.Holdersofthe The BachelorofBusiness(Hons) (CorporateAdministration) Examinations of the Malaysian Institute of Accountants (MIA). (Hons) inAccountingarealsoeligibletositforQualifying programmes. GraduatesofWOU’sBachelorBusiness Business (Hons)inAccountingforexemptionsintotheir (CIMA) andCPAAustraliahaveaccreditedtheBachelor of bodies, theCharteredInstituteofManagementAccountants Accountants (ACCA).Apartfromtheabovementioned and Wales(ICAEW)theAssociationofCharteredCertified namely theInstituteofCharteredAccountantsEngland exemptions bytwoBritishprofessionalaccountingbodies, The BachelorofBusiness(Hons)inAccountingwasawarded • • • • • granted fullaccreditationbytheMQA: two GraduateCertificateprogrammesweresuccessfully SBA’s followingthreeGraduateDiplomaprogrammesand Master ofPublicAdministration(CeMPA)graduates. Administration (CeMBA),and3CommonwealthExecutive Marketing, 84Commonwealth Executive Master of Business in Management,19BachelorofBusiness(Hons) in Salesand Supply ChainManagement,62BachelorofBusiness(Hons) Systems, 19BachelorofBusiness(Hons)inLogisticsand Finance, 9BachelorofBusiness(Hons)inInformation in Accounting,34BachelorofBusiness(Hons)Bankingand The convocationcomprised41BachelorofBusiness(Hons) degrees inthe3 A totalof271studentsgraduatedandreceivedtheir • • The Schoolsuccessfullylaunchedtwonewprogrammes: Highlights Graduate CertificateinLogisticsManagement Graduate CertificateinBusinessManagement Graduate DiplomainSupplyChainManagement Graduate DiplomainSalesandMarketing Graduate DiplomainBusinessAccounting commencing January2013semester Bachelor ofManagement(Hons)withPsychology– commencing July2012semester Post-Graduate DiplomainBusinessAdministration- rd Convocationon24-25November2012. were selectedtopresenttheirpapersatthe26 and attendconferences.In2012,threeSBAacademicstaff SBA’s academicstaffwereencouragedtopublisharticles deploying anELGGplatformtosupportstudentlearning. and Innovation(IRI)toconductastudyonthefeasibilityof research grantofRM13,000byWOU’sInstituteResearch Dr TungLaiCheng,astaffmemberofSBAwassanctioned members arecurrentlypursuingtheirdoctoralstudies. In line with the School’s aimtobolster research, eight staff feeder routetotheICSAInternationalQualifyingScheme. in CorporateAdministration(PDCA).TheMAICSAPDCAisa by examinationtoobtaintheMAICSA’sProfessionalDiploma workforce. needs ofthesalesandservice segmentofPERODUA’s Management (EDSSM)programme tomeetthespecified developed theExecutiveDiploma inSalesandServices In response to a specific request from PERODUA, SBA involving internationalexperts. the University.SBAcompletedrevisionof10coursesby revising 12coursesfromtheCeMBA/CeMPAprogramme to Commonwealth ofLearningassignedtheresponsibility of As partofitsongoingcollaborationwithWOU,the secondary schools. WOU TeamthatmentorsthestudentsofWOU-sponsored staff memberofSBA,istheChiefCorporateAdvisor and theMinistryofEducation.DeehbanjliLakshmayya, a American MalaysianChamberofCommerce(AMCHAM) (YE) Programme whichisdirectlyunderthepurviewof participating forthelastfiveyearsinYoungEnterprise In pursuitofCorporateSocialResponsibility,WOUhasbeen credit in2012. 17 nationalandinternationalconferenceproceedingstoits the year 2012. The School had five journal publicationsand There hasbeenanincreaseinpublicationsbySBAstaff Paper Award. Lai ChengwasoneofthesixpapersshortlistedforBest Open UniversityPerspectivebyLooChooHongandTung service PresentingTwoDistanceLearningCourses:Wawasan Study ontheUsageofInternet-basedPlagiarism-detection conference ofAAOUinJapan.PaperentitledComparative th Annual (CIM, UK). Transport (CILT,UK)andCharteredInstituteofMarketing bodies suchastheCharteredInstituteofLogisticsand SBA willcontinuetopursueexemptionsfromprofessional Aspirations ACADEMIC PROFILE

25 WOU ANNUAL REPORT 2012 26 WOU ANNUAL REPORT 2012 ACADEMIC PROFILE 16-18, 2012,Chiba, Japan. the Asian Association of Open Universities (AAOU), October Learning Tool:AConceptPaper, 26thAnnualConferenceof from BeinganEntertainment Tool toaBecomingDistance Loo ChooHong(2012).BringingVideoGamingandBD-Live Malaysia. February 21,2012,Universiti TeknologiMara,ShahAlam, 14 Diversification, andFirmValue:TheMalaysianEvidence, (2012). Lee KianTek,HooyCheeWooiandGuatKhim Lumpur, Malaysia. Economics, December7,2012,GrandSeasonHotel,Kuala Conference forAcademicResearchonManagementand Alignment intoManufacturingIndustries,2 Kamariah NikMat(2012).TheImportanceof Strategic Ravindran Raman,JamalMohammedEsmailAlekam,Nik Faizul Awang, Khor Wei Min, Navindran Rajundran, Conference Proceedings RESEARCH &PUBLICATIONS with The14 Malaysian Evidence,PostgraduateColloquiuminconjunction on theRelationshipbetweenDiversificationandFirmValue: Lee KianTek(2012).TheInfluenceofCorporateGovernance 2012, Penang,Malaysia. 2 the MalaysianEnvironmentalTaxLaws:AConceptPaper, Loo ChooHong(2012).TheAcceptanceofBestPracticesin June 1-3,2012,Penang,Malaysia. nd th AccountingResearchandEducationConference(AREC), MalaysianFinanceAssociationConference,June1-3, Ownership Structure,InternationalandIndustrial th MalaysianFinanceAssociationConference, nd Global Open UniversityPerspective,26 service Presenting TwoDistance Learning Courses: Wawasan Study ontheUsageofInternet-based Plagiarism-detection Loo ChooHongandTungLaiCheng(2012).Comparative www.wbiconpro.com/239-Deehbanjili.pdf). “Research forProgress”,ISBN978-1-922069-02-3(http:// Bangkok, Thailand.Publishedatconferenceproceedings Asian BusinessResearchConference,April8-10,2012, Implementation ofGoodEnvironmentalPublicPolicy,6 Cheng (2012).Subsidies:BoonorBaneinPromotingProper Loo Choo Hong, Deehbanjli Lakshmayya and Tung Lai Readiness and Awareness ofFutureAccounting Educatorsin Loo ChooHong andTungLaiCheng(2012). AStudyofthe 18, 2012,Chiba,Japan. Asian AssociationofOpenUniversities (AAOU),October16- th AnnualConferenceofthe th 18, 2012,Chiba, Japan. Asian Association ofOpenUniversities(AAOU), October16- Teaching andLearninginODL, 26thAnnualConferenceof Tung, L.(2012).NetworkedLearning:ANew Paradigmof November 17-18,2012,Penang, Malaysia. Sustainable EconomicDevelopment: PoliciesandStrategies, Study fromHRPerspective,AUTInternationalConference on Tung, L.(2012).RetirementAgePolicyAnalysis:ACase December 12-14,2012,KualaLumpur,Malaysia. Study, InternationalConferenceonInformation(ICI2012), Learning toImproveStudentLearning:AnElggExperimental Tung, L.(2012).ApplyingSocialConstructionistTheoryof Distance Learning,October26-28,2012,Danang,Vietnam. Outcomes: QAin motion. International Seminar on Open and Prakash Arumugam(2012).AssessmentandLearning 2012, Chiba,Japan Association ofOpenUniversities(AAOU),October16-18, Instructions: TheODLway.26thAnnualConferenceofAsian Prakash Arumugam(2012).PersonalisedSystemof 2012, Chiba,Japan Association ofOpenUniversities(AAOU),October16-18, Substituting theClassroom. 26thAnnualConferenceofAsian Prakash Arumugam(2012).PowerPointandNarration: 69-6. and SustainingExcellence”,pp494-510,ISBN978-983-3198- Published atconferenceproceedings“ManagingInnovation 6), March26-27,2012,Bangi,SelangorDarulEhsan,Malaysia. International ManagementAccountingConference6(IMAC Introducing ISAE3410Standards:APilotStudyinMalaysia, 0257-15-0. Best PracticeinEducation”,page256–260,ISBN978-967- conference proceedings“HarnessingforTransformationof Universiti TeknikalMalaysia,Melaka,Malaysia.Publishedat Conference onActiveLearning,September18-20,2012, Content inLearningManagementSystem,1stInternational Comparative StudyonStructuredandLessCourse Tung, L.andChong,F.(2012).OnlineLearnerInteraction: in Education”,pages279-285,ISBN978-967-0257-15-0. proceedings “HarnessingforTransformationofBestPractice Teknikal Malaysia,Melaka,Malaysia.Publishedatconference on Active Learning, September 18-20, 2012, Universiti View fromStudentsandTutors,1stInternationalConference Submission System (OAS) in ODL Environment: Perspective Tung, L.(2012).EvaluatingIn-houseOnlineAssignment Japan. of OpenUniversities(AAOU),October16-18,2012,Chiba, Case Study,26thAnnualConferenceofAsianAssociation Retention Interventions to Improve Student Retention: A Tung, L.(2012).ThePreliminaryAssessmentofProactive ACADEMIC PROFILE

27 WOU ANNUAL REPORT 2012 28 WOU ANNUAL REPORT 2012 Malaysia, PetalingJaya,Malaysia Company andGroupFinancialReporting,7ed.,Pearson Loo ChooHongforLazar,Jane&TanLayLeng(2012) Book Review jolt.merlot.org/vol8no4/tung_1212.htm Teaching, Vol8,No4,pg313-322.ISSN:1558-9528http:// Distance Institution.MERLOTJournalofOnlineLearningand Improving OnlineStudentRetentioninaMalaysian Tung, L.(2012).ProactiveInterventionStrategiesfor ISSN 1833-8119(online)DOI:10.5539/ijbm.v7n19p1 Management, Vol.7,No.19,pp1-15.ISSN1833-3850(Print) HR Perspective,InternationalJournalofBusinessand Drawbacks oftheRetirementAgePolicyinMalaysia: Tung, L. and Comeau, J (2012). Institutions andEconomiesVol.4,No1,pp.63-83. The CaseofPemudah,Malaysia.InternationalJournal Institutionalised MeansforEffectivePoliticalAgency: Oei HongLim.2012.Public-PrivatePartnershipasan 53-64. from India.BotswanaJournalofBusiness.Vol5,No1,pp. Shareholding PatternDataforInitialPublicOfferings(IPOs) Asymmetry inthePost-IPOMarket:AnalysisBasedon Libson K.B.,andN.V.Narasimham(2012).Information Publication, 2011ImpactFactor:1.067) Markets Review, Vol 13, Issue 3, pp.366-380. (ISI-Cited Diversification onPubliclyListedFirmsinMalaysia,Emerging (2012). Lee KianTek,HooyCheeWooiandGuatKhim Journals ACADEMIC PROFILE The ValueImpactofInternationalandIndustrial Perceived Benefits and ADVISORY PEERGROUP Barter Trade CentreSdn Bhd. Director, PERDASAMA PulauPinangandKonsortium Managing Director, Maritrans(M)SdnBhd; and Equarater(Penang)SdnBhd; Executive Chairman,Tanjung Serbaneka HoldingsSdnBhd Dato’ HjWarisAbdulCarrim Taxation). of Malaysia(formerlyknownas MalaysianInstituteof Public Accountants(MICPA),CharteredTaxInstitute Institute ofAccountants,MalaysianCertified Managing Director,TaxandMalaysiaSdnBhd;Malaysian CPA AustraliaandExecutiveCommitteeChairman, Dr VeerinderjeetSingh Deputy Governor,BankNegaraMalaysia(BNM). Dato’ OoiSangKuang Kampar. Faculty ofBusiness&Finance,UTARPerakCampus, Dean &AssociateProfessor,DepartmentofEconomics, Assoc ProfDrOoiKengBoon Management Accountants. President (MalaysiaDivision),CharteredInstituteof Council Member(Area16,SouthEastAsia)cumPast Malaysian Manufacturers(NorthernBranch); Council MembercumChairmanoftheFederation Group andTorayMalaysiaScienceFoundation; Senior ConsultantcumCompanySecretary,TorayMalaysia Dato’ LeeOwKim Universiti SainsMalaysia(USM),Penang. Director, CorporateandSustainableDevelopmentDivision, Prof DrMuhamadJantan Singapore. Dean andProfessor,SchoolofBusiness,SIMUniversity, Prof DrKohHianChye • • • • • • • • • • Graduate Diplomasasfollows: Bachelor ofTechnologydegreeswithHonoursandthree The SchoolcurrentlyofferstwoMaster'sdegrees,12 headed bytheDean,ProfThamChoyYoong. also hastwoadministrativesupportstaff.TheSchoolis management, manufacturing,andmathematics.TheSchool computing andinformationtechnology,construction engineering andtechnologydisciplines;includingelectronics, full-time academicstaffwith specialisation inthevarious enrolment of1,152asatJuly2012.Therearecurrently11 The School of Scienceand Technology (SST)hasastudent Overview SCHOOL OFSCIENCE&TECHNOLOGY(SST) Bachelor ofTechnology (Hons)inInformation Systems Communications Technology(ICT) Bachelor ofTechnology (Hons) in Information and Bachelor ofTechnology(Hons) inElectronicCommerce Bachelor ofTechnology(Hons) inElectronics Bachelor ofTechnology(Hons) inDatabaseManagement Management Bachelor ofTechnology(Hons) inConstruction Intelligent Systems Bachelor ofTechnology(Hons)inComputingand and Networks Bachelor ofTechnology(Hons)inComputerSystems and ProductionManagement Master ofBusinessAdministrationinManufacturing Management Master ofBusinessAdministrationinConstruction (MOHE). Therest areintheplanningstage. obtaining approvalfrom the Ministry of Higher Education Property andFacilitiesManagement areintheprocessof Among thelistofthesenewprogrammes, Mechatronicsand • • • • • following: planning todevelopmorenewprogrammesincludingthe In additiontotheprogrammeslistedabove,Schoolis New Programmes • • • • • • • Facilities Management Bachelor ofTechnology(Hons)inPropertyand Bachelor ofTechnology(Hons)inMechatronics Master ofEngineeringinElectronicSystems Master ofScienceinNetworksandMobileSystems (PhD) byresearch Master ofPhilosophy(MPhil)andDoctor Graduate DiplomainTelecommunications Graduate DiplomainElectronics Graduate DiplomainDatabaseManagement Bachelor ofTechnology(Hons)inTelecommunications Bachelor ofTechnology(Hons)inSoftwareEngineering Communication Bachelor ofTechnology(Hons)inNetworksandData Bachelor ofTechnology(Hons)inMultimediaDesign ACADEMIC PROFILE

29 WOU ANNUAL REPORT 2012 30 WOU ANNUAL REPORT 2012 ACADEMIC PROFILE in fieldslikeeducation,managementandcommunication. and School of Education, Languages and Communications Administration, SchoolofFoundationandLiberalStudies programmes jointlywiththeSchoolofBusinessand for opportunitiestodevelopnewcross-disciplinary At thesametimeitwillstudyfuturemarketneeds develop newprogrammestomeetsuchneeds. with themtoidentifynewspecificneedsofemployersand technology sectorsandindustries,worksynergistically with strategicpartnersfromtherelevantscienceand The School will continueitseffortstoforgepartnerships Aspirations • initiatives: and outsideinstitutionsthroughanumberofresearch The Schoolcontinuedtostrengthenitslinkswithindustry Industry andAcademicCollaboration • • • Highlights mobile learning approach. studies between traditionalapproachwithtrainer and Solutions SdnBhd.Thisproject carriesoutcomparison and Innovation(IRI)incollaboration withMotorola Maintenance withfundingbytheInstituteof Research Learning inManufacturingOperation andMachine working ontheresearchproject ApplicationofMobile School memberDrPCTeoh andcolleaguesare students enrolledasofJuly2012. Management –werewellreceived,withatotalof116 and Production Management and MBA in Construction The two Master's programmes - MBA in Manufacturing programmes mentionedabove. their degreesfromtheSchool’sfiveaccredited As ofDecember2012,93graduateshavereceived the scheduledtimeasrequiredbyMQA. Agency (MQA);otherswillundergoaccreditationat full accreditationfromtheMalaysianQualifications Intelligent Systems,andElectronicCommercehave Computer SystemsandNetworks,Computing Information andCommunicationsTechnology, Five Honoursdegreeprogrammes-Electronics, • • • Resources inAsia. online community dedicated to Open Educational of theBoardAdvisors,OERAsia (www.oerasia.org) Search Engine. (DOER) usingtheOERScoutArtificialIntelligenceBased Connect PortalDirectoryofOpenEducationalResources Open EducationalResourcesintheCommonwealth Vancouver, Canadatoworkon Secondment Ishan SudeeraAbeywardenacompletedanExecutive for thiscollaboration. Memorandum ofUnderstandingwithOxfordUniversity ALMA RadioTelescope.TheUniversityhassigneda project onSupra-THzSuperconductingMixersforthe colleagues fromtheSchoolinIRIfundedresearch who iscollaboratingwith The AstrophysicsDepartment of the Universityof Oxford starting. project has been completed and work on Phase II is now Research andInnovationisinprogress.PhaseIofthe and fundedbyaRM30,000grantfromtheInstituteof Natarajan incollaborationwithresearchersfromUSM Learning (ODL)EnvironmentbyChandarasageran Resource SharingandGreenComputinginOpenDistance Conceptualisation andImplementationtopromote The projectVirtualComputingLab (VCL) to theCommonwealthofLearning, Ishan wasalsoappointeda member Prof ThamChoyYoongand Location ofDesirable October 2012, Chiba, Japan. Association of OpenUniversities Conference, 17 –18 Practices inManufacturing Environment,26 Teoh Ping Chow and Wong Voon Hee, (Invited speaker) Open University of Hong Kong, Hong Kong, 18 April 2012. Educational Resources:Practices andNewInitiatives",The Resources inAsia,"SymposiumonE-learningandOpen Abeywardena, ISandDhanarajan,G,OpenEducational April 2012. the CommonwealthofLearning,Bangkok,Thailand,23 Open Education Resources", Trends andIssues,"PolicyForumforAsiathePacific: Abeywardena, I.S.andDhanarajan,G,OERinAsiaPacific: 2012, Penang,Malaysia. Perspective onPoliciesandPractice",19–21September Symposium onOpenEducationalResources:anAsian the Wider Adoption of OER for Teaching in Asia, "Regional Abeywardena, IS,SearchingandLocatingOER:Barriersto Japan. Universities Conference,17–18October2012,Chiba, Document Matrix,26thAsianAssociationofOpen Clustering of Open Educational Resources using Keyword- Abeywardena, IS,Tham,CYandChan,Autonomous Conference Proceedings Research Publications ACADEMIC PROFILE Keynote Address, UNESCO and Mobile Learning th Asian

31 WOU ANNUAL REPORT 2012 32 WOU ANNUAL REPORT 2012 Journal oftheAsianAssociationOpenUniversities. Management Systems(LMS)inAdultODLEnvironments, of FacebookStudyGroupsasSupplementsforLearning Abeywardena, IS,andTham,CY(2012).mplementation Learning, 13(2),104–121. International ReviewofResearchinOpenandDistance Desirability ofOpenEducationalResourcesusingD-index, Conceptual Framework for Parametrically Measuring the Abeywardena, I S, Raviraja, R, and Tham, C Y (2012). Journals ACADEMIC PROFILE Pte Ltd,Singapore. Group, andDirector, KPKQuantitySurveyors (Singapore) Chartered Quantity Surveyor,Head,KPKContracts Support Eugenie Lip (international ITconsultants). Group ChiefExecutiveOfficer, T-CapitalIndustryInc Ir DrClarenceAugustineTH Tee the ConstructionIndustryMasterPlanCommittee. Construction IndustryDevelopmentBoard;andMemberof Chairman, WorkingGroupforConstructionProjects, Director, IJMCorporationBhd; Dato’ IrGohChyeKoon Northern CorridorImplementationAuthority,Penang. Vice President,ManufacturingDivision, Ir CheangWaiMun Malaysia. General Manager,Assembly&TestManufacturing,Intel Group and Formerly VicePresident,Technology&Manufacturing Governor, AmericanMalaysianChamberofCommerce; Chairman, Malaysian-AmericanElectronicsIndustry(MAEI); Dato’ WongSiewHai Sunway UniversityCollege,Malaysia. Deputy Vice Chancellor (Research and Higher Degree), Bhd; Chief Technologist Director, Corentix Technologies Sdn Dr DavidNgoChekLing Chief ExecutiveOfficer,PenangSkillsDevelopmentCentre. Dato’ BoonlerSomchit for continuousqualityimprovement. design ofnewprogrammes,andfeedbackonourcourses to externalstakeholders.APGmembersprovideadviceon academics orindustryexecutiveswhoaretheSchool’slinks and electronicssector.APGmembersareprominent our coreactivityandindustriallinkswiththemanufacturing Cheang will strengthen the School’s effort in developing Advisory PeerGroupcameonboard.TheexpertiseofIr During thesemester,anewmemberofSchool’s ADVISORY PEERGROUP both inMalaysia andaroundtheworld. in the field of education, languagesandcommunications SELC isworkingtowardsproviding astrongpositivepresence doctoral levelbyresearchfrom January2013. Studies (CGS),isofferingpostgraduate programmeatthe The School,incollaboration with theCentreforGraduate Management specialisation)isbeingplannedfor2014. grown to35students.TheMasterofEducation(Educational 2012 toaninitialintakeofeightstudents.Currently,ithas The MasterofEducation(TESL)wasofferedfromJuly Programmes Regional CentretotheMainCampus. executive. In2012,SELCrelocatedfromtheKualaLumpur the Schoolincludesfiveacademicsandanadministrative Professor DrSanthiramRamanisthecurrentDeanand School fromDecember2011–November2012.Associate Professor RahilMahyuddinservedasthethirdDeanof and postgraduatelevels. award ofdegreesandqualificationsattheundergraduate by developinganddeliveringprogrammesleadingtothe broad areasofeducation,languagesandcommunications to increasethelevelofknowledgeandscholarshipin (SELC) wasestablishedtosupporttheUniversityinitsefforts The SchoolofEducation,LanguagesandCommunications Overview SCHOOL OFEDUCATION,LANGUAGES&COMMUNICATIONS(SELC) 11-12 October,2012,SubangJaya,Taylor’sUniversityPress. 1 the Role of SetInductionsintheFacilitationReadingSkills. Vighnarajah, Kam,L.L.E.,Chin,Y.L.(2012).Understanding presentation atWorldWaterWeek, Stockholm,Sweden. service deliveryandsocialdevelopment. ConferencePoster Education foranewwaterethic:Factorsthatcanimpact Parahakaran, S. (2012). Science (SICSS2012),Shanghai,China.14–17August2012. Analysis. ShanghaiInternationalConferenceonSocial in Malaysiannewsmediaandfictionaltexts:AFeminist Ong Theng Theng (2012). Conference Proceedings Research &Publications st InternationalConferenceonTertiaryEducationLanguage, ACADEMIC PROFILE Human Values based Integrated Representation of Prostitution

33 WOU ANNUAL REPORT 2012 34 WOU ANNUAL REPORT 2012 Culture. Vol3(1)pp.20-31. aspirations inamulticulturalnation.JournalofLanguage& policy fornationalintegration:contestedterrainofmultiple R. Santhiram & Hazri Jamil (2012). Ministry ofEducationBrunei.pp1–16. Pendidikan (JournalofEducation)Vol.16,July2012.JPK. secondary schoolstudentsinBruneiDarussalam.Jurnal R. Santhiram&HohThianSoo(2012).ICTLiteracyamong No.8, pp.1307-1316. Learning. InternationalJournalofAsianSocialScience, Vol.2, Intervention Influencing Factors and the Implementation of Early Rahil Mahyuddin Journals ACADEMIC PROFILE Programme: The Possibility of Open Distance (2012). The Relationshipbetween Malaysian educational ADVISORY PEERGROUP Former DirectorofEducation,Penang Dato’ TangHonYin and Mathematics(SEAMEORECSAM),Penang. Organisation -RegionalCentreforEducationinScience Director, SoutheastAsianMinistersofEducation Dr AzianTSAbdullah UNESCO Bangkok. Asia andPacificRegionalBureauforEducation, Innovation forDevelopment(APEID), Coordinator, Asia-PacificProgrammeofEducation Prof DrMollyNLee University ofHongKong(OUHK) Dean, SchoolofEducationandLanguages,Open Prof YvonneFungShiYukHang Universities INTI UniversityCollege(INTI-UC)LaureateInternational Deputy President Prof Dato’Dr.IbrahimBajunid to anticipateand solveunexpectedproblems. communicate andexpressthemselves effectivelyaswell and society.Thesecourses will alsoenablelearnersto for criticalandanalyticalthinking andunderstandinglife their academicknowledgeand intellectualability,necessary is aimedatwideningtheirhorizons aswelldeveloping education coursesintheliberal studiesprogramme.It least anytwoclustersandundertakebasicmajor/general Learners willberequiredtoregisterforcoursesfromat be includedatalaterdate. Administration. Coursesfromotherclusters/disciplineswill of business courses from the School of Business and the Social Sciencesand Humanities. It also uses a cluster to explorearangeofcoursesacrossvariousdisciplinesin The BA(Hons)inLiberalStudiesprogrammeallowslearners Programmes Overview SCHOOL OFFOUNDATION&LIBERALSTUDIES(SFLS) Nagarajan andhassixfull-timefacultymembers. degree programmes.TheSchoolisledbyActingDeanDrS Liberal StudiesandBachelorofArts(Hons)inPsychology Liberal Studies(SFLS)offerstheBachelorofArts(Hons)in the fullestextentpossible,SchoolofFoundationand and balancedindividualswhosepotentialisdevelopedto the mainpurposeofeducationistoproducewellrounded In linewiththeprincipleoflifelonglearningandbeliefthat

Belle inMay2012. and TheirApplicationinBritish MalayabyDrCarlVadivella It organisedapubliclectureon ColonialIdeologiesofRace accordance totheworkneedsofstaff. of BankNegara,Penang.Thecoursewascustomisedin Skills wasconductedforSecurityandAdministrativestaff and publicseminars.A30-hourcourseonBasicLanguage The Schoolalsoconductsshortcoursesincommunication Other activities at theUniversity. tertiary studybeforetheyembarkondegreeprogrammes Headstart programmetoenhancelearners’readinessfor Psychology degreeprogrammes,theSFLSalsoconductsa Besides theBA(Hons)inLiberalStudiesand other relatedareas. Master's anddoctoratesinvariousfieldsofpsychology their personalandprofessionaladvancement.Theyinclude individuals withopportunitiesforpursuingfurtherstudies and chosencareerpathways,thecoursewouldenable global environment.Dependingonthenatureoftheirwork industries tobetter equip them for challenges in a demanding towards meetingtheneedsofworkingadultsinvarious The BA(Hons)inPsychologyprogrammewasdeveloped ACADEMIC PROFILE

35 WOU ANNUAL REPORT 2012 36 WOU ANNUAL REPORT 2012 workplace skillsandcompetencies. enrich theirknowledgeandlivingskillswhileupgrading programmes. The courses will be designed to help people which includeshortandlong-termcoursesaswelldegree SFLS planstodevelopotherlifelonglearningprogrammes Petaling Jaya,Suaram. an EthnicMinorityinMalaysia:KampungMedan,2011, Nagarajan, S&Arumugam,K.(2012).ViolenceAgainst Book S. Nagarajan Research &Publications Aspirations ACADEMIC PROFILE

Needs, Penang President, BOLDAssociationforChildrenwithSpecial Dr TanLiokEe Singapore Dean, SchoolofArtsandSocialSciences,SIMUniversity, Assoc ProfDrNeelamAggarwal Executive Director,IvoryPropertiesGroup Dato’ SeriNazirAriff Malaysia, PenangBranch Palliative CarePhysician,NationalCancerSocietyof Dr LalithaJeyasingam Adjunct Prof,CulturalCentre,UniversitiMalaya Prof Dato’DrGhulam-SarwarYousof Research &InternationalStudies(CenPRIS),USM Director, RightLivelihoodCollege,CentreforPolicy Prof Dato’AnwarFazal University Member, BoardofGovernors,AlbukharyInternational Dato’ DrSharomAhmat ADVISORY PEERGROUP with theCommonwealthofLearning, Vancouver,Canada. specially developedbyaconsortium ofuniversitiesassociated offer theCeMBAandCeMPA programmes,whichwere WOU istheonlyMalaysianinstitute ofhigherlearningto • • • • • • • • • following ninepostgraduateprogrammes: Currently, togetherwithalltheSchools,CGSmanages programmes in partnership with all Schools in the University. all activitiesrelatedtotheimplementationofpostgraduate endeavour. Itsprimaryroleistocoordinateandmanage for postgraduateeducationandWOU’sexpandingresearch May 2007withthemissiontoprovideleadershipandsupport The CentreforGraduateStudies(CGS)wasestablishedin CENTRE FORGRADUATESTUDIES(CGS) Post-Graduate DiplomainBusinessAdministration Post-Graduate DiplomainEducation Master ofEducation (MBA-MPM) MBA inManufacturingandProductionManagement MBA inConstructionManagement(MBA-CM) Administration (CeMPA) Commonwealth ExecutiveMasterofPublic Administration (CeMBA) Commonwealth ExecutiveMasterofBusiness M.Phil inArtsandHumanities Ph.D inArtsandHumanities on 24 students successfully graduatedduringthe3 The thirdbatchof84CeMBA studentsandthreeCeMPA Languages andCommunications (SELC). semester, inassociationwith theSchoolofEducation, Enrolment inMasterofEducation commencingJuly2012 (SBA). association withtheSchoolofBusinessandAdministration Administration commencingJuly2012semester,in Enrolment inPost-GraduateDiplomaBusiness School ofFoundationandLiberalStudies(SFLS). Education, LanguagesandCommunications(SELC)the Humanities in 2012 in association with the School of CGS launchedM.PhilandPh.DprogrammesinArts Milestones • • • • following programmes: Over the next few years, theUniversityplanstooffer New Programmes Finance, HumanResourceManagementandMarketing. MBA withspecialisationinthefunctionalareasof Doctorate ofBusinessAdministration(DBA) / ManagementandBusinessSocialSciences) Doctor of Philosophy (Science, Engineering, Technology / ManagementandBusinessSocialSciences) Master ofPhilosophy(Science,Engineering,Technology th November,2012. ACADEMIC PROFILE rd Convocation

37 WOU ANNUAL REPORT 2012 38 WOU ANNUAL REPORT 2012 In association with SBA, CGS organised the 6 ACADEMIC PROFILE 2012 andthe7 School andProject Workshop (RSPW)in Kuala LumpurinApril 25 The UniversityCouncil,atitseighthmeetingheldon INSTITUTE OFRESEARCHANDINNOVATION (IRI) The specificrole oftheBoardManagement wouldbeto: the chairperson andbeanswerabletotheVice Chancellor. by aBoardofManagement andtheDirector wouldserveas It was further envisaged that the Institute would be managed pursue specificareasofresearch. would besetupasanintegral partoftheUniversityand this recommendation,Council alsonotedthattheInstitute the InstituteofResearchandInnovation(IRI).Inapproving recommendations oftheSenateforestablishment th August2007(RefMin76.4),hadapprovedthe th ResidentialSchoolandProjectWorkshop th Residential professional bodiesandtheprivatesector. WOU andinpartnershipwithotheruniversitiesaswell postgraduate programmesinassociationwithallSchoolsat CGS iscommittedtopromotingqualityandmarket-driven Aspirations analyse data. familiarise themselves with the software and to learn to a half-daysessiononSPSStrainingtoenablestudents course aspartoftheirMaster’sprogramme.RSPWincluded students whoundertakethecompulsorysix-creditproject aspects ofconductingresearchprojectforCeMBA/CeMPA training workshoporganisedeverysemester in PenangNovember2012.RSPWisatwo-dayresidential been convened inDecember2011andMay 2012. held inApril2011. Subsequently,twofurther meetingshad The inauguralmeeting oftheIRIBoardManagement was related industries. external boardmemberswith expertiseinresearchand 2010. TheIRIBoardcomprises ofbothinternalWOUand The Board ofManagementfor IRI wasestablished inAugust 3. 2. 1. Approve theacceptanceofresearchstudents. Approve theresearchagendaandprojects. Set thepoliciesofinstituteconcerningresearch. on practical 9. 8. 7. 6. 5. 4. 3. 2. 1. The overalltermsofreferenceareasfollows:- Terms ofReference Current membersoftheIRIManagementBoard: Ms ChuaSawNee(ByInvitation) Mr RPadmanathan(ByInvitation) Datin DrKamSuanPheng Prof AhmadShukriMustaphaKamal Dato’ WongSiewHai Dato’ DrRRatnalingam Mr YeongSikKheong Prof ThamChoyYoong Prof Dato’DrHoSinnChye Tan SriEmeritusProfGajarajDhanarajan necessary. such othersub-committees asmaybe deemed To co-opt members asappropriateandtoestablish payment. for conferencesandother meetings relatedtothe To considerandrecommendthe supportofapplications community. on researchmatterstoUniversity staffandthewider To determinemechanismsfordisseminatinginformation external funding. priorities identified for University submissions for major To seekfundingfromexternalsourcesinlinewiththe related resource. To adviseontheallocationofresearchfundsandother development. staff attentiontoareasofhighpotentialforfurther To establishtheUniversityresearchprioritiesanddirect research anddevelopmentactivitiesoftheUniversity. To determinetheinfrastructurerequiredtosupport for researchfunds. To receive,screenandapproveapplicationsfromstaff patenting ofresearchoutcomescommercialvalue. for researchanddevelopment,whereapplicablethe To developandreviewasnecessarytheUniversitypolicy Director, Finance,WOU IRI, WOU Senior ResearchScientist,TheWorldFishCentre Deputy ViceChancellor(Academic&InternationalAffairs),USM Chairman, Malaysian-AmericanElectronicsIndustry Honorary ConsulforNorwayatPenang Registrar, WOU(SecretarytoIRI) Dean, SchoolofScienceandTechnology,WOU Acting DeputyViceChancellor(Academics)cum Deputy ViceChancellor(Academics),WOU(untilSeptember2012) Honorary Director,IRI(Chairman) 2012 (fiveprojects)isRM128,930. The totalIRIResearchGrantsapprovedinyear2011and amount approvedwasRM12,000. In 2012,there was oneresearchprojectapprovedandthe RM116,930. grants inyear2011andthetotalgrantapprovedwas There were four research projects approved for IRI research Status ofIRIResearchGrantsapproved ACADEMIC PROFILE

39 WOU ANNUAL REPORT 2012 40 WOU ANNUAL REPORT 2012 ACADEMIC PROFILE development needsofthebusinessworldandcivilsociety. specially customisedtomeetthecontinuingprofessional approach enablesittodevelopanddelivercoursesthatare trainers. The broad reach of the Centre and its collaborative professional bodies outside as well as through its own collaboration withacademiccolleaguesfromtheUniversity, PACE’s programmesaredesignedanddeliveredin needs ofthepublicandprivatesectors. quality short courses and training programmes to meetthe University’s distancelearningenvironmentbydeliveringhigh resources ofWawasanOpenUniversity(WOU)beyondthe community atlarge.TheCentreextendsthelearning PACE servesasabridgebetweentheUniversityand EDUCATION (PACE) CENTRE FORPROFESSIONALDEVELOPMENTANDCONTINUING in cooperationwiththeDeansoffourSchools. PACE is currentlyundertaken by theViceChancellorworking Lumpur to its Penang main campus. The role and function of in July2012torestructureandrelocatePACEfromKuala and sustainability,theUniversitymadeastrategicdecision However forreasonoffunctionalandcost-savingefficiency country aswellfromthirdpartyorclient’spremises. Regional CentresoftheUniversitydistributedacross conducted atthemaincampusinPenangandfromother Regional CentreinKualaLumpur,butitscoursescanalsobe PACE hadallthiswhilebeenoperatingoutoftheUniversity’s ‘people’s university’. throughout Malaysia, inlinewithWOU’smission tobethe participation fromvarious academics andprofessionals As theUniversityhasexpanded, WOUhasenjoyedincreased Tutor Management approval fromMOHEandMQA. degrees; avarietyofnewprogrammes are currentlyawaiting total of35undergraduatedegreesandninepostgraduate has alsoincreaseditsacademicprogrammeofferingstoa experienced opendistancelearningatWOU.TheUniversity the July2012censusdate,atotalof10,265studentshave 721 studentsinJanuary2007havegrownsteadily.Asof Student admissionssincetheUniversity’sinauguralintakeof Admissions andEnrolments the undergraduateandpostgraduatelevels. credit transfersinvolving169externalinstitutionsbothat facilitated a total of 1,360 cases of advanced standing/ The advancedstandingofficeoftheRegistrysuccessfully unnecessary duplicationofstudytimeforWOUstudents. accompanied bythegrantingofcredittransfersreduces recognition ofpriorlearningthroughadvancedstanding, is widelyadoptedinmanyCommonwealthcountries.The of advancedstandingandthepracticecredittransfer The recognitionofpriorlearning(RPL)throughtheaward Advanced Standing led byMrYeongSikKheong. related operations.TheRegistryhasatotalof14staffandis with theRegionalCentrestosupportstudentandtutor- examinations andgraduation.TheDepartmentliaisesclosely scholarship administration, maintenance ofstudentrecords, The Registryisresponsibleforstudentadmissions,enrolment, REGISTRY for theperiod2012. students were awarded theChancellor’sMerit Scholarship scholarships intheformoftuition feewaivers.Atotalof74 studies andwerefinancially needy,werealsoawarded Continuing studentsatWOUwho excelledintheiracademic reduce theirfinancialburden. were meanttoencouragestudents toenrolatWOUand new studentspursuingtheirstudiesatWOU.Thegrants During 2012,atotalof533studygrantswereawardedto Scholarships andGrants 2007. have faithfullyservedbetween4-10semesterssinceJanuary service totheUniversityeachsemester.Close260tutors 400-450 tutorsandprojectsupervisorshaveprovidedactive have servedastutorsatWOU.Since2010,approximately Since its inception, a totalof 850 academicsand professionals ACADEMIC SUPPORT

41 WOU ANNUAL REPORT 2012 42 WOU ANNUAL REPORT 2012 ACADEMIC SUPPORT the totalnumber ofphysicalbooksavailableto 22,560. and 2,149materials wereaddedtothecollection bringing reduction inthenumberofphysical booksacquiredfor2012 publishers’ termsandconditions werecomplex.Therewasa available, whendigitallicensing feeswereunaffordableor collection andtobuyprintonly whene-contentwasnot For 2012,theLibrarydecided todownsizethephysical faced bytheLibrary. overcoming fiscalrestraintsweresome of thechallenges the learning and scholarship functions of the University and quality printedmaterialsandelectronicbooksthatsupport books. Meetingthechangingneedsofusers,acquiring materials available,includingtheavailabilityofelectronic Patrons expect more and more from the collection of Collections result itisnowmoreuser-friendly. a makeovertocatertheWOU-DISTEDlibrarymerger,as social mediatools.TheLibrary’swebsitetoohasbeengiven enquiries andlibraryalertsaredisseminatedusingvarious desktops and mobile devices. Latest information, reference technology. Manyofthee-resourcescanbeaccessedvia many of the services provided utilise the latest electronic Given thedispersedgeographicdistributionofWOUstudents, Bharu andKuching. Regional CentresinKualaLumpur,Ipoh,JohorBahru,Kota campus libraryinPenangandfiveotherlibrariesatWOU for individual or group learning are provided at the main services, quality resources and comfortable facilities suitable University’s academicactivities.Awiderangeofinformation support foritsdistancelearners,complementingthe At WOU,theTunDrLimChongEuLibraryprovidesvital LEARNING ANDLIBRARYSERVICES still ongoing. accessing thedigitallibrarycollection forDISTEDCollegeare smartcard applicationandsingle sign-onauthenticationfor standardised. Inthemeantime, effortstoimplementWOU privileges, therulesandregulations forborrowinghavebeen borrow materialsfromeachother. Tostreamlineborrowing Staff andstudentsofbothinstitutionsareallowedto to searchforavailablelibrarymaterialsreadorborrow. seamless librarydatabasetostudentsandstaffwanting records ofbothlibrariesandmakingitappearasone was acapstoneprojectcombiningexistingbibliographic The successfulmergerofthetwolibrarycataloguesinJune enhancements. sharing, better policies and procedures and technological quality oflibraryservices,savingsinsubscriptions,resource physical andelectronicresourcesforlibrarypatrons,higher brought aboutbythemergerareincreasedavailabilityof successfully carriedoutin2012.Someofthebenefits The integrationoftheWOUandDISTEDlibrarieswas WOU-DISTED LibraryIntegration registered usersusingtheirWOUusernameandpassword. books whichcouldbeaccessedon-siteoroff-sitebylibrary- contained hundredsofthousandselectronicjournalsand access onlineresources.By2012,thesubscribeddatabases with a mixof subscribed databases and journals and open the electroniclibrarycollectionwasfurtherstrengthened number ofperiodicaltitlessubscribedtois17.However, The numberofelectronicbooksavailableis671and to coursecoordinatorsonly. available inthecollection.Currentlyaccessrightsareprovided and recorded.Asof2012,about85projectreportsare CeMBA/CeMPA projectreportswereelectronicallyarchived digital formatofallWOUthesesanddissertations,including The LibrarystartedanETDcollectionprojectwherebythe Electronic ThesesandDissertations including in-housee-publicationsandpresscuttings,is5,220. December 2012,thetotalnumberofrecordsavailable,not the searchfacilityhasimprovedandisnowweb-based.Asof number ofUniversityrecordshasbenefitedtheas in improvingthetechnologytocapturefastgrowing easily accessibletoseniorstaff.Thesmallinvestmentmade 2005. Alltherecordsareavailableindigitalformatand operational andinformationalsignificancedatingbackto holds allUniversityrecordsofadministrative,historical, Called Repository@WOU,thisrecordmanagementsystem digital collections Preserving the University’s past through Non-Commercial / All OERsinthisrepositoryarecreatedunderanAttribution / these, andcollaborateindevelopingthesefurther. to useWOU’seducationalresources,discussandcommenton and released as OERs. The other objective is to enable others educational articlesandworkshop/symposiumpapersdeveloped open-source softwarepackageforUniversitycoursematerials, The LibrarydevelopedanOERrepositoryusingafreeand (OER) Movement Supporting theOpenEducationalResources useful referenceresources. published OERsavailableon the Internetandidentifiedas proprietary recordmanagement softwaretostoreexternally The Libraryhasalsodeveloped anotherrepositoryusing license. Share Alike (BY-NC-SA) ACADEMIC SUPPORT Creative Commons

43 WOU ANNUAL REPORT 2012 44 WOU ANNUAL REPORT 2012 shared freelywithout constraints,tocreatea morevibrantlearningcommunity. learning environment wherecoursecontents andotherinformationcan be project isalsopartoftheUniversity’s OERinitiativetocreateamoredynamic tablets etc.usingePubreaders whichareavailableforfreeviatheInternet.This the contentsofthesematerials canbeaccessedviadifferentplatformsi.e.i-Pad, multimedia CDmaterials.The ePubcoursematerialsaremoreuser-friendlyas In year2012,ETPUproduced its firstsevencoursesinePubformataspartof ePub andtheOERinitiative January 2010semester. number ofcoursesconvertedtomultimediaCDformatis 98 coursessincethe ETPU has successfully converted 23 courses into multimedia CD format. The total Within twosemesters-fromJanuary2012semesteruntil July 2012semester- Development ofmultimediaCDmaterials undergraduate and11postgraduatecoursesforthefiveSchools. ETPU publishedatotalof42newcoursematerialsin2012,including31 New coursematerials open distancelearningenvironment. were moreenvironmentally-friendly,economicalandaccessibletostudentsinthe ventured into producing electronic-publication (i.e. ePub) course materials which objective todeliverqualityandaccessiblecoursematerialsstudents.ETPU print-based course materials into multimedia CD format, in line with WOU’s In 2012,ETPUembarkedonanewprojecttoexploreothermeansconvert Grace Lauandstaffedby19members. publishing andinstructionaldesignofstudentcoursematerials.TheUnitisledby The Educational Technology and Publishing Unit(ETPU) combines the tasks of ACADEMIC SUPPORT EDUCATIONAL TECHNOLOGYANDPUBLISHINGUNIT External peerreview isconductedthrough: • • • • • Internally, qualityassuranceis implemented through: external peerscrutiny. Quality assuranceinWOUisbasedonasystemofinternaland than censuringareasofweakness. to Universitypoliciesisonimprovingthestatusquorather evolves inachievinghigherstandards.Theemphasisregard assurance asadevelopmentalprocessthatcontinuously the relevantstakeholdersinUniversity.WOUseesquality can onlybeimprovedthroughtheactiveinvolvementof all All the procedures and systems introduced to manage quality expected torecogniseandpromulgatebestqualitypractices. members oftheUniversitycommunityareentrustedand role in‘driving’theUniversity’squalityassurancesystem, all the ViceChancellorandseniormanagementstaffplayamajor executed inacentralisedanddecentralisedmanner.Whilst Quality assuranceatWOUisviewedasasharedresponsibility line withthesetQAobjectivesofUniversity. monitor andconductproceduraloperationalreviewsin To establishaqualityassuranceframework;tocoordinate, Mission research. academic standardsandqualityinteaching,learning Aspire toinculcateandsustainacultureofexcellencein Vision stated below: has defined its own set of vision and mission statements as carrying outitsroleinWOU,theQualityAssuranceUnit(QAU) standards benchmarkedagainstinternationalbestpractices.In experiences to students and maintaining high quality academic WOU iscommittedtoprovidingacademically-richlearning Board of Governors Board ofGovernors Senate Quality Assurance,Teachingand LearningCommittee Management Board School Board hard copies of the policies and procedures. hard copiesofthe policiesandprocedures. Repository ofthe University,isthemaincustodian ofallmaster and LibraryServices, intheirroleasRecords andDocument transparent, recorded and centrally monitored. The Learning reference. Thisensuresallexisting University-widepoliciesare and easilyaccessibleinelectronic formatatthestaffportalfor The QAUmaintainsaPolicyRegister whichisregularlyupdated • • • • • • • • Quality AssurancePoliciesfocusonthefollowingmajorareas: implemented toreflectinternationalgoodpractice.The Assurance Policiesinkeyareashavebeendevelopedand Towards achievingthevisionandmissionofQAU,Quality of quality cannot be limited to just academic elements only. learning institution,theUniversityisawarethatassurance Given the nature of WOU and its operation asa distance • • • • Research, development and community service Research, developmentandcommunity service Programme accreditation Staff development Tutor assessment Examination andassessment Course delivery Course design,developmentandproduction Programme planninganddevelopment and efficiencyofitsqualityassurancesystemsprocesses. assess theentireorganisationforrelevance,effectiveness, accreditation and periodic external institutional reviews to Malaysian QualificationsAgency(MQA)programme standards withinternationallyacceptedbenchmarks. An ExternalExaminer(EE)systemwhichensuresparityof used inreputableUniversities. and treatmenttoensurethatitmeetsacceptablestandards expert withrespecttorelevance,appropriateness,depth during itsdevelopmentbyanexperiencedexternalsubject content expertsandlanguageeditors)ispeerassessed includes instructionaldesigners/technologists,academic that each course (developedby a team of specialists that An ExternalCourseAssessor(ECA)systemwhichensures in thedevelopmentofnewprogrammesandcourses. School whichreviewandadviseonthecurriculumespecially External AdvisoryPeerGroups(APG)foreachacademic QUALITY ASSURANCEUNIT ACADEMIC SUPPORT

45 WOU ANNUAL REPORT 2012 46 WOU ANNUAL REPORT 2012 OPERATIONAL SUPPORT • and organised40highprofileevents,including: For theperiod2012Departmentsuccessfullymanaged Public eventsthateducateandinspire meet definedtargets. University’s capabilitiesareprojectedinapositivemannerto communication strategies and messagesthat ensure that the Centres &RegionalSupportCentres,todevelopeffective administrative staff,attheheadquartersandRegional The Departmentliaisesandcoordinateswith academic and its students–tothegeneralpublicviamedia. inspirational invalues,sociallyresponsibleandcommittedto WOU’s vibrantlearningcommunity-innovativeinapproach, Corporate Communicationsstrivestoprojectanimageof Corporate Communications Corporate Communications. a teamof12staff–sevenfromMarketingandfive Department isledbyitsDirector,ChongKongHoong,with The MarketingandCorporateCommunications(Marcom) MARKETING &CORPORATECOMMUNICATIONS(MARCOM) • Campus on May 5 understanding ofe-Commerce.ConductedattheMain E-Business Workshoptoexposeparticipantsabetter Main CampusonMay 19 Frees’ Association andWOU.Itwasheldat theWOU organised byThink City,PenangHeritage Trust, Old Penang Herowhomodernised medicineinChina,jointly Public lectureonPlagueFighterDrWuLien Teh: A Malaysia’s pioneerauctionwebsite, Lelong.com.my. by InterbaseResourcesSdnBhd, thecompanybehind th – 6 th , the two-day workshop was run th ; • • • • Kuala LumpuronJune16 recipients attheSpecialConvocationinMenaraPGRM, WOU conferredhonorarydegreesonthreedistinguished a GardinerProfessorofHistory fromHarvardUniversity. and TheirApplicationinBritishMalayaonMay10 amongst themweretheColonialIdeologiesofRace Public lecturesonvarioustopicsattheMainCampus, thank themediafortheirsupport. on September 19 and Practices.ItwasheldatWOUMainCampus Educational Resources:AnAsianperspectiveonPolicies WOU hostedtheRegionalSymposiumonOpen (Master ofAdministration); Wang Gungwu (Doctor of Laws) and Mr R Padmanathan Sri NazirRazak(DoctorofBusiness),EmeritusProfDr October 31 WOU Media Appreciation Night 2012 was held on Singapore andPhilippines. Kong, India,Japan,Indonesia,Thailand,NewZealand, and amongthemwereAustralia,Canada,China,Hong attended bydelegatesfrommorethan20countries his contemporariesonAugust28 Building bridges across the Bay of Bengal: Tagore and Australian HighCommissioninKualaLumpur;and by DrCarlVadivellaBelle,aformerdiplomatwiththe st attheMainCampustorecogniseand th – 21 st th . The three-day event was . TherecipientswereDato’ th by ProfSugataBose, th affordable and accessible part-timeeducation. Learning programmes as one of the best choices for flexible, adults andaredesignedtoposition WOU’sOpenDistance publicity campaigns.Theseactivities aretargetedatworking implementation ofstrategicmarketing, media,promotionand The MarketingDepartmentis inchargeoftheplanningand Marketing through e-WawasanLink,WOUe-Newsande-Card. has initiatedvariousexercisestoreduceitscarbonfootprint As partofWOU’sGreenLivingCampaign,theDepartment media channelsonFacebook,YouTubeandTwitter. newsletter, the University’swebsite,staffportal,its12-pagequarterly The DepartmenthandlesallmediarelationsfortheUniversity, Providing aclearcorporatevoice moral supportforcancervictimsandsurvivors. National CancerSocietyMalaysiatoprovidefinancialand students anopportunitytobecomeentrepreneurs;andthe Chamber ofCommerce(AMCHAM)togivesecondaryschool In 2012,MarcomworkedwiththeAmericanMalaysian monetary sponsorship. NGOs to organise charity events and provide venue and The Department works closely with various charities and initiatives isanotherkeytaskforCorporateCommunications. Managing theUniversity’scorporatesocialresponsibility(CSR) Corporate SocialResponsibility WawasanLink, andtheUniversity’sofficialsocial programmes amongworking adults nationwide. regional exhibitions to create awareness and promote WOU’s Education Fair,PostGraduate EducationFairandother education fairsincludingThe StarEducationFair,Facon The Marketing team has been actively participating in Canon Marketing,Carsemandmanyothers. Plexus, Texchem,Flextronics,Jabil,AgilentTechnologies, nationwide basis,includingMaybank,Maxis,Sony,Dell,Intel, companies havebecomeWOU’seducationpartnersona been actively promoting the VPP and as at end of 2012, 70 and success of the corporations. The Marketing team has job performancesandhigherstaffretentionforthebenefit the professionalskillsofworkers,contributingtobetter This educationpartnershipprovidesacontinualupgradingof companies inOctober2011. Programme (VPP) for multinational corporations andlocal relevant knowledge,WOUintroduceditsValuedPartnership equip themselveswithqualityqualificationsandindustry- In supportingtheaspirationsofMalaysianemployeesto Corporate MarketingUpdate and Twitteraccounts. as wellmonitoringandupdatingtheUniversity’sFacebook student relationsthroughtheestablishmentofitsCallCentre Besides that, the department also maintains public and OPERATIONAL SUPPORT

47 WOU ANNUAL REPORT 2012 48 WOU ANNUAL REPORT 2012 OPERATIONAL SUPPORT Enhancing • • number ofcostandtimesavinginnovations: the Department developed and successfully introduced a into accountthebusylifestylesofmanyWOU’sstudents, Given the currentdifficultfinancial environment and taking Innovations forWOUstudents the yearinclude: Some majorinitiativesundertakenbytheDepartmentduring policies, practicesandcompliancewithfinancialregulations. Risk ManagementtotheUniversity;incorporatingbusiness Financial, Treasury&Investmentservices,Procurementand 10 staffprovidesabroadrangeofserviceswhichincludes The Departmentheaded by Chua Saw Nee with a team of financial resources. by providingeffectivestewardshipovertheUniversity’s The Finance Department supports the University’s mission FINANCE MyEnrolment System(epayment) Online enrolmentandpayment payments throughdebitcards. credit cards)byincludingmore banksandintroducing re-enrol andmaketheirfee paymentsonlineusing week bankingservices. allows studentstheconvenienceof24hours,7daysa smartphones, tabletsandothermobiledevices.This Internet bankingandmobileservicesthrough Students cannowenrolandmakepaymentsonlinevia MyEnrolment (whichallowsstudentsto to enhanceoperationalefficiencyandstandardisation. reviewed toidentifyareasforsimplificationandautomation The financialpolicy,processesandprocedureswere Operational efficiencyandstandardisation (IFRS) Compliance withnewaccountingstandards credit card. of interest-freeinstalmentpaymentstheirtuitionfeesby service providerstoenablestudentsenjoythebenefits More partnershipswereestablishedwithselectedfinancial programme Enhanced studentfinancialassistance Standards (MFRS). Standards (IFRS)andMalaysianFinancialReporting for adaptationtothenewInternationalFinancialReporting The statutoryreportingwascarefullyreviewedandrevised

• • • including: Main CampusandRegionalCentresthroughoutMalaysia, a rangeofdiverserenovationandset-upprojectsatthe For theyear2012,Departmentsuccessfullyundertook management Project management,propertyandestate technical andadministrativestaff. The DepartmentisledbyAndrewJosephandhisteamof the qualityoflifeitsstaffandstudents. of theUniversity’sassetsandbuildingsinordertoenhance GSA actsasanefficient,effectiveandresponsibleguardian environment atWOUanditsRegionalCentres. create asafe,conduciveandcomfortableworkingstudy estate managementandadministrationsupportinorderto core functionsinvolveprojectmanagement,propertyand The GeneralServicesandAdministration(GSA)Department’s GENERAL SERVICESANDADMINISTRATION the approvedbudgetandtimeframe. and withinbudget by29 where therenovation workswerecompleted ontime The settingupoftheSubang RegionalSupportCentre and withinbudgetby4 where therenovationworks were completedontime The settingupoftheKlang Regional SupportCentre works werealsocompletedon26 Bangunan WawasantotheMainCampus.Renovation The relocationofthePenangRegionalCentrefrom th June2012. th June2012. th March2012within • • • • Health, SafetyandEnvironmentInitiatives • • • and aluminium. participation from all in the recycling of paper, plastic among staffandstudents where therewasactive Instilled greaterawarenesson GreenLiving@WOU not inuse. well asswitchingofflightsand electricalitemswhen conservation intermsofusage ofair-conditioningas Intensified initiativesinelectricityandenergy the MalaysianRedCrescentSociety. (National InstituteofOccupationalSafety&Health)and in June with active participation from BOMBA, NIOSH Successfully conductedaHealthandSafetyCampaign diseases. prevent thespreadofH1N1virusandotherairborne hygiene habitsamongstaff,studentsandvisitorsto Continued effortsinpromotingawarenessofgood occupied byAHCoEisaround9,800sqft Albukhary Building in February 2012. The total space floor spaceofaround5,300sqftatLevel12the Khazanah NasionalBerhadtotakeuptheremaining Excellence (AHCoE),thatisaprojectinitiatedby Successfully securedAlliedHealthcareCentreof Ghaut inJanuary2012. the groundfloorofBangunanWawasaninChinaStreet Completed theset-upofDISTED’sHospitalitySchoolat the stipulatedbudgetby14 Completed the repairs to the Homestead roof within OPERATIONAL SUPPORT th September2012.

49 WOU ANNUAL REPORT 2012 50 WOU ANNUAL REPORT 2012

• • • • Policies andResourceAdministration • • University andPublicEvents • OPERATIONAL SUPPORT inter-departmental chargingofcosts. resource usage,improvedprocessflowandtoallow Implemented theERPSystemforbettercontrolover as wellothermechanicalandelectricalsystems. lifts, firefightingsystem,plumbingandsanitarysystems, maintenance managementonairconditioningsystems, technical team to effectively undertake preventative Improved thetrackingandmonitoringsystemsfor smoother operations. located, in order toenable better spaceoptimisation and Office in Homestead and to Level 8 where GSA is The MailRoomoperationswererelocatedtotheFront conserve resourcesandsavecostswhereverpossible. reviewed andimprovedexistingpolicieswithaviewto Implemented variouspolicies,proceduresandsystems; Managed numerousUniversityeventsincludingthe3 function roomsandexhibitionareasintheUniversity. internal andexternaluseofthetheatres,seminarrooms, Reviewed andimprovedthevenuebookingsystemfor Cahaya andRamakrishnaAshramainNovember. clothes whichweredonatedtoRumahKebajikanSeri Initiated asuccessfulcampaigntocollectusedtoysand Convocation and1 City andthePenangInstitute. World HeritageIncorporated,TempleofFineArts,Think by thePenangPhilharmonicOrchestra,GeorgeTown Resources) symposium;aswellpubliceventsorganised st WOU donatestoRumahKebajikanSeriCahaya RegionalOER(OpenEducational rd

• • • • • • HQ Campusand atalltheRegionalCentres. Conducted annualauditson assets and securityat the Stationery ProcurementSystem atDISTEDCollege. Implemented WOU’sAsset Tracking Systemandthe times andimprovedserviceto end-users. low whichinturnresultedcostsavings,shortenedlead were applied to keep the costs of building maintenance numerous innovativeandout-of-the-boxmethodologies Undertook variouscostcuttingmeasureswhere vendors andcontractorswhichresultedincostsavings. Benchmarked pricingofgoodsandservicessuppliedby service deliverytoend-users. for postalandcourierservicerequisitiontoenablebetter Intensified effortsinoptimisingtheHelpDeskfacilities Unloading clothesatRumahKebajikanSeriCahaya Toys forthekidsatRamakrishnaAshrama • • • • • • • • • department. Towards thisend,amanpower audit exercise check andensure abalanceddistributionof dutiesineach it hasbeeninoperation,there wasagrowingneedto As theUniversity’spopulation hasgrownoverthesixyears Manpower audit2012 eLearning. introduced forthefirsttime,pavingwaytowards A workshop on Open Educational Resources (OER) was design developmentskillsanddeliveryofODLprogrammes. academic andsupportgroupstoenhancetheir Distance Learning(ODL)programmewasorganisedforthe and non-academicstaff.TheinauguralCertificateinOpen five-year strategicplanswasdrawnupforbothacademic development, afive-yeartrainingplaninsupportofits In linewithWOU’slong-termcommitmenttotalent Five-year trainingplan part-time teaching. seminars, engaginginresearchorconsultancyprojectsand assistance programme,participationinregionalconferences/ academic staffdevelopmentsuchaseducational recognise achievers;policiesandactivitiesthatencourage performance managementandrewardsystemsthat The Department is responsible for talent management; the country. The HRteamsupportsover200WOUemployeesthroughout qualified academic team that meets Government regulations. recruitment ofhighcalibrestaff,especiallyinbuildinga Human Resources is responsible for the full spectrum of HUMAN RESOURCES held on3November2012. for thefirsttimewiththeme “2Hearts1Family”was A FamilyDaythatwasjointlyorganised byWOUandDISTED of GovernorsforimplementationeffectiveJanuary1,2013. DISTED staffbenefitwhichwasapprovedbyWOU’sBoard of EducationalAssistanceProgrammeforstaffchildren,a practices andbenefits.Acaseinpointistheharmonisation momentum in 2012 with the harmonisation of HR policies, WOU’s integrationwithDISTEDCollegegathered harmonising HRpolicies Integration withDISTEDCollege– and insupportofitsstrategicbusinessplans. manpower planningthatisrelevanttoWOU’scorebusiness management with a more objective toolfor effective Ultimately, themanpowerauditexercisewillprovide • • • objectives: was conductedcompanywidein2012withthefollowing manpower. Obtain themechanismtoredesignjobsorre-skill among peers; Minimise internalinequitiesrelativetojobresponsibilities superiors; Obtain clearerjobdefinitionsforemployeesand OPERATIONAL SUPPORT

51 WOU ANNUAL REPORT 2012 52 WOU ANNUAL REPORT 2012 OPERATIONAL SUPPORT • • • improvements toWOU’sITinfrastructure,including: In 2012,theDepartmentenhancedandmadesomemajor New ITinfrastructureinitiatives provide infrastructureandapplicationsupport. department is led by Tan Pooi See and his team, which possible, to improve WOU’s operational efficiencies. The driver in implementing appropriate emerging IT where information systemsandITassets.Italsoactsasanenabling The Department is the custodian of the University’s core and businessstrategyobjectives. implementation, alignedwiththeUniversity’svision,mission provides ITmanagement,strategicplanningand The InformationTechnologyServices(ITS)Department INFORMATION TECHNOLOGYSERVICES 2.0. Thenewversion allowsthefollowingfeatures tobe has beenupgraded fromMoodleversion1.8 toversion The LearningManagement System (WawasanLearn) RSC wassuccessfullydeployed inearlyJuly. Penang. AsimilarITinfrastructure setupfortheSubang as wellforVPNconnection totheMainCampusin speed broadband(UnifiBiz10) lineforInternetaccess and openaccess.Theofficeisconnectedwithahigh access point,CiscoIPphoneanddesktopPCsforstaff devices andequipmentsuchasswitches,firewall,Wi-Fi Support Centre(RSC)atKlanginearlyJune.Thisincluded Setting upofITinfrastructureforthenewRegional computers. aimed atgraduallyphasing-outtheUniversity’saging successfully carriedoutinAugustaspartoftheplan 1 and2attheKLRegionalCentre.Theexercisewas The replacementofdesktopcomputersforlaboratory • the students’learningexperienceatWOU. These interactivefeatureswillfurtherenhanceandenrich respective onlineportals. to directlyaccessthenewlyupgradedLMSfromtheir feature hasbeenaddedtoenablestudentsandtutors tutoring recordwascarriedout.Asinglesign-On(SSO) student enrolmentinformation,tutors’profileand processes suchasautotransferringthe student profile, The retrofitting/enhancementoftheintegratedSIS-LMS o o o o o 2012 semester: incorporated intheLMS(WawasanLearn)beginningJuly Direct videosfromYouTube. attach twofilesinasingleforumordiscussionpost. A new feature in the forumwhich allows studentsto enrolled course(s). students willreceiveupdatesonactivitiesintheir A personalisedpagecalled“Myhome”where related news. A frontpagecalled“Sitehome”containingUniversity content. simplified tomeetstudents’needsonthecourse A new course layout whichis segmented and • stakeholders includingstudents, tutorsandcoursecoordinators. as wellfacilitatedandsimplified theinformationflowwithother and theRegionalCentres, improved theiroperationalefficiencies The onlineforms/e-formshave easedtheworkloadsofbothRegistry • • including: A number of applications enhancements were completed in 2012, enhancements Application systemdevelopmentsand GP accounting system. currently running inparallelwiththeexisting financialMicrosoft 2012. As part of the system fine-tuning exercise,this system is The newUniversity-wideERP systemwasrolledoutinJanuary o o July 2012Semester.Thisincluded: e-Forms wassuccessfullycarriedoutandimplementedfor usein Conversion ofmanualformsforRegistryintoelectronicversion or The enhancementwasrolledoutinMarch2012. o o o project coursesuponfulfillingcertainconditionse.g: This basicallyallowsstudentstobeeligibleregisterforSST’s control ofSSTprojectcourseenrolmentcriteriainMyEnrolment. New featureshavebeenaddedforautomatedmonitoringand redefine studentstatuswhennecessary. enhancement has also provided flexibility for the Registry to and allowthemtocontinuepursuingotherprogrammes.The Awaiting Graduation”and“GraduatedbutReturningtoStudy details aboutgraduatingstudents'profiles,including,“Student Student InformationSystem(SIS),wasenhancedtoincludemore Letters. the RegistrytoreceiveonlinerequestsforEPFWithdrawal Online RequestforEPFWithdrawalLetters/e-Forms–toallow to moderatetheirtutor’sTMAmarkingperformance. Tutor MonitoringForm–toallowrespectivecoursecoordinators hours migration. advanced standingand credit exempteddueto120 The totalearnedcredithoursincludeexempteddueto are takeninconsiderationastotalearnedcredithours. graduation programmestructureasenrolledbythestudents Only earned credit hours from courses that are related to the 90 credithours. current semesterbeforeresultscanbereleasedmustaleast Total ofearnedcredithoursplustobeat OPERATIONAL SUPPORT

53 WOU ANNUAL REPORT 2012 54 WOU ANNUAL REPORT 2012 OPERATIONAL SUPPORT REGIONAL OPERATIONS Kuala Lumpur Johor Bahru Kuching Subang Penang Bandar Utama Kota Bahru Klang Ipoh collaboration with partnerswithineachregion. be madetoextend theRegionalCentres’ marketreachthrough respective Regional Centres.Totapintothis, furtherattemptsshall is still much growth potential that has yet to be fully explored by the Northern regionandIskandar Malaysiainthesouthernregion,there Given the largepoolof working adults withintheKlangValley, location. the necessarysupportservicesandlearningfacilities allatone relocation augurs well for the future, as most students can now enjoy Bangunan WawasaninChinaStreetGhauttotheMainCampus. The On 1 intake onwards. create animpactonthestudentrecruitmentfromJanuary 2013 recruitment periodfortheJuly2012intake,theyareexpected to Support Centreswerefullyoperationaltowardsthetail-end ofthe the learningsupportfacilities.SincebothKlangandSubang Regional The Regional Support Centres' set-up is much smaller without many of University’s presenceintheKlangValley. to potentialstudentswithintheKlangValleyandenhance the KualaLumpurRegionalCentretoexpandWOU’smarketreach role astheBandarUtamaRegionalSupportCentreinsupporting and Subang.ThesetwonewRegionalSupportCentreshavethesame In mid2012,twonewRegionalSupportCentresweresetupinKlang • WirelessInternetservice • Parkingfacilities • Male/femaleprayerrooms • Minitheatres • Counsellingroom/studentserviceroom • Disabled-friendlybuildingincludingstair-lifts • Videoconferencingfacilities • Computerfacilities • Libraryandstudyareas • Tutorialrooms • Computerlabs The physicalfacilitiesofferedbytheRegionalCentresinclude: prospective students and also offer a range of student support services. The RegionalCentresareanimportantfirstpointofcontactfor respectively. Johor Bahru,KotaKuching,BandarUtama,KlangandSubang Centres throughoutMalaysia,locatedinPenang,Ipoh,KualaLumpur, There are currently sixRegional Centres and three Regional Support st April2012,thePenangRegionalCentrewasrelocatedfrom Recommendations hadbeenmadetotherespective Heads and compliance withpoliciesandprocedures werechecked. of the audited areas, the internal controls were reviewed conducted wasbasedontheaudit planfortheyear.Foreach selected onarotationalbasis. Theauditscopefortheaudits the JohorBahruRegionalCentre. TheRegionalCentreswere out attheMainCampus,Ipoh RegionalCentreaswell During 2012,variousinternal auditactivitieswerecarried • • • • following areas:- governance, operationsandinformationsystemsinthe of internalcontrolsinrespondingtorisks affecting WOUs' IA Departmentevaluatedtheadequacyandeffectiveness based auditplanthatisconsistentwithWOU’sgoals.The internal audit engagements in accordance with the risk- During theyear,IAdepartmentconductedvarious as theacademicunits. the operationsdepartments,academicsupportunitsaswell Chancellor ofWOUtoensureindependencereportingon The InternalAuditheadreportsdirectlytotheVice Wawasan OpenUniversity(WOU). of theriskandinternalcontrolgovernanceframework is toprovideassuranceontheadequacyandeffectiveness part oftheassuranceframeworkanditsprimarymission The InternalAudit(IA)functionisconsideredanintegral INTERNAL AUDIT procedures Compliance withlaws,regulationsandpolicies Safeguarding ofassets;and Effectiveness andefficiencyofoperations information Reliability andintegrityoffinancialoperational and procedures. consulting roleinreviewingnewproposedoperatingpolicies from theregularauditrole,internalalsoplayeda Chancellors aswelltheAssistantViceChancellor.Apart and reportedtotheViceChancellorallDeputy of theauditees.Therespectiveauditreportswereissued indicated intheauditreportstogetherwithcomments Corrective actions to be taken were agreed upon and compliances notedduringtheaudits. of Department for rectification of any weaknesses and non- OPERATIONAL SUPPORT

55 WOU ANNUAL REPORT 2012 56 WOU ANNUAL REPORT 2012 level programmebackinChonnamNationalUniversity. them forcredittransferwhentheygoontopursueadegree- programme, willberecognisedbyCNUandhencequalify the CNUstudentsfromthisstudyabroadEnglishLanguage abroad programmeinPenang.Thecoursecreditsearnedby pursue credit-hourbearingcoursesinitsshort-termstudy an arrangementtoenableKoreanstudentsfromCNU and collaboration.Thethreeinstitutionshaveworkedout College on3February2012tofacilitateacademiccooperation (MoU) withChonnamNationalUniversity(CNU)andDISTED The University signedaMemorandum of Understanding and DISTEDCollege Chonnam NationalUniversity(SouthKorea) of industry,benefitingtheMalaysianeconomyasawhole. provide market-driven tertiary education that meets the needs These partnershipsstrengthentheUniversity’seffortsto of lifelonglearningopportunitiesforworkingMalaysians. the University’scommitmenttoexcellence and theprovision credible academicandprofessionalorganisations,underlining WOU makesconcertedeffortstoengagewithestablished, STRATEGIC PARTNERSHIPS Meeting betweenCNU,DISTEDandWOUontheMoU ExchangestudentsfromCNUvisittheMainCampus tertiary education. psychology, counselling, andentrepreneur development in and certificationforteaching inpedagogyanddidactics, development andcommercial service, anddevelopworkshops three institutionswillshareideas ininstitutionaloperations projects, workshopsandconferences. WiththisMoU,the faculty andstaff,partnership inresearch, development activities thatrelatetothe mutual exchangeofstudents, in areasofhighereducation.TheMoUcoversseveralbroad Sciences (UAS)on5December2012toexplorecooperation Understanding withHAAGA-HELIAUniversityofApplied WOU andDISTEDCollegesignedaMemorandum of (UAS), Finland HAAGA-HELIA University of Applied Sciences collaborations. Efforts arebeingmadetoidentifypossibleareas of • • • • following objectives: Tunku AbdulRahman(UTAR)on9March2012withthe A MemorandumofUnderstandingwassignedwithUniversiti Universiti TunkuAbdulRahman(UTAR) seminars. such asconferences,workshops,publications,and To organiseandparticipateinjointacademicactivities of eitherside. To facilitatejointsupervisionofpostgraduatestudents in seminars,conferences,workshops,etc. members topursueresearch,teaching,andparticipate the universities,includingmutualvisitsbyfaculty To facilitateacademicdevelopmentexchangesbetween application forjointresearchfunding. To initiatejointresearchanddevelopmentprojects The Koreanstudentsgetaclose-uplookofWOU’slibraryfacilities consultancy. training, andExcelLTC,Ipohwhichisengagedintraining Bhd, Peraiwhichconductsskilledvocationaleducationand one SAP and these included Synergy Central Academy Sdn In 2012,eachRegionalCentrewasabletorecruitatleast FMM facilitiestorunWOUundergraduateprogrammes WOU’s StrategicAcademicPartner(SAP)andtheuseof FMM members’staffandtheirfamilies;participationas advanced-level trainingandeducationalopportunitiesto Three majorareasofcollaborationincludetheprovision services industry. the developmentofskilledlabourinmanufacturingand organisations signedanMoUinMarch2008toaccelerate with theFederationofMalaysianManufacturers(FMM)–both WOU addedanewdimensiontoitsongoingcollaboration WOU strengthenscooperationwithFMM STRATEGIC PARTNERSHIPS

57 WOU ANNUAL REPORT 2012 58 WOU ANNUAL REPORT 2012 types andtheprotectionofintellectualproperty. founding partnerofPintasIPGroup,lookedatthevarious Campus on11May2012.ThebriefingbyLokChoonHong, Universities andResearchInstitutionsheldattheMain Intellectual PropertyCommercialisation–Strategiesfor About 20 academics attended the in-house seminar on Intellectual Propertyrightsseminar pioneer auctionwebsite,Lelong.com.my. Interbase ResourcesSdnBhd,thecompanybehindMalaysia’s titled Class101–NowEverybodyCanSellOnlinewasrunby WOU attheMainCampuson5-6May2012.Theworkshop my training session on e-Commerce for Penang hosted by Over 200participantsattendedthefirst-everfreeLelong.com. E-Commerce workshop lecturer fromtheInternationalMedicalUniversity. 2012.The workshopwasconductedbyZaidAliAlsagoff, Department ofWawasanOpenUniversityon26-27April (OER) CapacityBuildingorganisedbytheHumanResources first inaseriesofworkshopsonOpenEducationalResources About 20academicandsupportstaffattendedthe Building OERcapacitywithinWOU sharing knowledge, culture and the arts with the community. gatherings andartsevents,gearedatbuildingbridges and hosting of conferences, workshops, public talks, of lifelonglearningandacademicexcellenceistheorganising An integralpartoftheUniversity’scommitmentto pursuit MAJOR EVENTS Sharing aboutpatentsattheIntellectualPropertyworkshop Padmanathan, theHonoraryMasterofAdministrationdegree. Laws degree,andlongstandinguniversityadministratorR Emeritus ProfDrWangGungwutheHonoraryDoctor of the HonoraryDoctor ofBusinessdegree,celebratedscholar They wereeminentbankerDato’SriNazirRazakwhoreceived distinguished recipientsreceivingtheirhonorarydegrees. Cempaka, MenaraPGRMinKualaLumpurwitnessedthree The SpecialConvocationCeremonyon16June2012atDewan Special ConvocationCeremony practitioners. advocates, researchers and Open Distance Learning (ODL) educators, policymakers,institutionaladministrators,OER 19-21 September2012,attendedbysome80international symposium fortheAsianregionatmaincampusfrom WOU hostedtheinauguralOpenEducationalResources(OER) Inaugural RegionalOERSymposium Attending theSpecialConvocationCeremony Crowd attheopeningofOERSymposium support. in Penang,torecogniseandthankthemfortheirinvaluable attended byover100membersfrom17mediaorganisations The functionatthemaincampuson31October2012,was Media AppreciationNight Singapore, SouthAfrica,Thailand,andMalaysia. India, Indonesia,Korea,Pakistan,Philippines,NewZealand, them wereAustralia, Canada, China,HongKong,Japan, The delegates came from more than 20 countries – among the CommonwealthofLearning(COL)andUNESCO. (ICDE), the Asian AssociationofOpenUniversities(AAOU), the International Council for Open and Distance Education the InternationalDevelopmentResearchCentre(IDRC), organised byWOUincollaborationwithDISTEDCollege, to giveimpetustheOERmovementinAsia.Theeventwas Resources: An Asian perspective on Policies and Practices was The objectiveoftheRegionalSymposiumonOpenEducational Receiving goodiebags fromWOU Media personneltakepartinthekaraokesingingcontest Development Corporation. Seri Chet Singh, founding general manager of Penang conferred theHonoraryDoctorofLettersdegreeonDato’ proclaimed TanSriDrKohTsuKoonasPro-Chancellorand undergraduate degreelevel.Attheceremony,University 365 students–100atthepostgraduateleveland265 at theWOUMainCampus,Penangsawgraduationof The thirdConvocationCeremonyon24-25November2012 Third ConvocationCeremony The lateChancellorpresentsawardtoCeMBAgraduatePohBoonFong Part ofthecrowdatConvocation Tan SriDrKohTsuKoonwithtopdegreestudentChanChuAik MAJOR EVENTS

59 WOU ANNUAL REPORT 2012 60 WOU ANNUAL REPORT 2012 PUBLIC TALKS colonial Malaya. Mutiny incolonialIndiawerereproduced and policiesofracefollowingtheIndian Malaysia, highlighting how British theories the roleofBritishinracialhistory Commission inKualaLumpur,expoundedon a formerdiplomatwiththeAustralianHigh and LiberalStudies.DrCarlVadivellaBelle, organised by WOU’s School of Foundation at theMainCampuson10May2012was Race and Their Application in British Malaya The publiclectureonColonialIdeologiesof Racial historyofMalaysia Enterprise. of Singapore Media Academy, a MediaCorp given by Ong Lay Hong, Managing Director part ofthePenangStoryLectureseries,was Association andWOU.Thetalk,whichwas City, PenangHeritageTrust,OldFrees’ 19 May2012wasjointlyorganisedbyThink medicine in China at the Main Campus on Lien Teh:APenangHero The publictalkonPlagueFighterDrWu A glimpseofaMalaysianHero who modernised Commission. the supportofWOUand IndianHigh Think CityandPenangHeritage Trustwith contemporaries. Theevent was organised by by poetRabindranathTagore andhis cultural conversationsacrossAsia conducted He exploredtheintellectual, politicaland Professor ofHistoryfromHarvardUniversity. delivered byProfSugataBose,aGardiner the MainCampuson28August2012was of Bengal:Tagoreandhiscontemporariesat The lectureonBuildingbridgesacrosstheBay Tagore andhiscontemporaries of musicenthusiastswithclassicsfromthemovies,cartoonshowsandBroadway. musicians, underthemusicaldirectionofmaestroWoonWenKin.ThePPOserenadedandentertaineda2,000-strong crowd February 2012 – the first was in February 2011. The event themed WOU hostedthePenangPhilharmonicOrchestra(PPO)’ssecondconcert,heldongroundsofMainCampus on25 An eveningofmusicaldelights VIPs attheconcert Cinematic Greats and Jazz Works Maestro WoonWenKin Aerial viewoftheconcertperformance ARTS EVENTS was performed by 100

61 WOU ANNUAL REPORT 2012 62 WOU ANNUAL REPORT 2012 TOWARDS AQUALITYENVIRONMENT • • • • by: safety ofallstaffandvisitorstothemaincampusRegionalCentres, WOU’s responsibilitiesalsoextendtosafeguardingthehealthand • • • • WOU’s carbonfootprintandreducewasteoutput,including: measures anumberofinitiativeshavebeenputinplace,toreduce As partoftheUniversity’scommitmenttogreen,ecologicallyfriendly WOU –GreenandPeople-friendly proceeds giventotheEdenHandicapCentre. were placedintheAlbukharyBuilding(maincampus),with Three largeMPPPrecyclingbins-forplastic,aluminiumandpaper- a healthierlifestyle. awareness and promotethebenefitsoftraditional herbstowards A HerbGardenwassetup atthemaincampus,tocreate inclusive university. lifts (withBraille)andwashrooms aspartofoureffortstobean Regional Centres are all equipped with disabled-friendly ramps, Providing disabled-friendlyaccess. WOU’smaincampusand of infection. Antiseptic gelisprovidedatthemaincampustoreduce risk visitors andensuringthatpreventativemeasuresare taken. Disseminating up-to-datehealthinformationamongstaff and member ofstafftrainedinbasicfirstaid. including fire drills. Each of WOU’s departments includes a Ensuring thatallstaffarefamiliarwithemergencyprocedures Building. chiller systemforthecentralisedair-conditioningatAlbukhary reduce electricityusage.Thisincludestheeffectiveusageof To conserveenergy,appropriatemeasureshavebeentakento carbon footprint. (3Rs) stationery and everyday objects to minimise the University’s encourage WOU staff and students toreuse, recycle and reduce The electricity usageforair-conditioning. reduced theheatfromsunandconsequently The installationofblack-outcurtainsinthemaincampushas interactive andengagingforstudents. The newCD-ROMformatalsohelpstomakelearningmore materials hassignificantlyreducedtheamountofpaperneeded. The movefromprintedcoursematerialstoCD-ROMbased Green Living@WOUcampaignwaslaunchedtoactively the YouthParkon23June2012,providingmoralsupport forcancervictimsandsurvivors. WOU lentitssupportasagoldsponsorandalsosentteamcomprisingofabout20stafftoparticipateinthewalkabout at Relay forLife2012campaign index andbloodpressure. sugar test, and measurement of the body mass screening provided,whichcoveredablood 20 tookadvantageofthefreebasichealth 30 staff turnedup to donatebloodand another Centre atitspremiseson22May2012.Some collaboration withLohGuanLyeSpecialists WOU organisedablooddonationdrivein Blood donationdrive sponsorship andprojectmanagementexpertise.SomeCSRhighlightsfor2012include: The UniversityhasplayedanactiveandinvolvedroleincommunityCSRinitiatives,fromprovidingvenuesponsorship,monetary providing quality,tertiaryeducationtoallMalaysiansregardlessofsocio-economicbackground. WOU isfullycommittedtoplayingitsroleasaresponsible,caringcorporateentityinlinewiththeUniversity’smissionof WOU's SantaClausdistributesweets to thekidsatMainCampus Kids fromtheHomeinPrai CORPORATE SOCIALRESPONSIBILITYINITIATIVES raised bydonations fromtheUniversitystaff. 22 childrenwith giftsandalsotheHomewith achequeofRM1,200 2012 forthechildren fromtheHomeinTanjung Tokong,presentingthe WOU alsohostedaChristmas party attheMainCampuson14December items andalsodistributeangpows. cheer to thechildrenwiththeir visit on30 June 2012 tohandoverthe purchase itemsfromtheHome’s wishlist.TheSRCmembersbrought RM5,000 whichwasusedto Prai. Thedriveraisedcloseto Shan Children’sHomein charity driveforthePenang (SRC) organisedanin-house WOU’s StaffRecreationalClub Children’s Home Penang Shan

63 WOU ANNUAL REPORT 2012 64 WOU ANNUAL REPORT 2012 Total Graduates 2007-2012 =10,265students Total Enrolmentfrom STUDENT ENROLMENT&GRADUATION

2007 1,373 Total 2012 2011 2010 2008 1,909

2009 1,452

2010 1,584

2011 2,017

2012 1,930 Postgraduate 100 218 80 38 since January2007tillDecember2012. who havebenefittedfromWOU’suniqueeducationalexperience Based onthetotalcumulativeenrolmentof10,265students SELC –279Students(2.7%) SFLS –1,094Students(10.7%) SST –2,833Students(27.6%) SBA –6,059Students(59.0%) Cumulative EnrolmentbySchool(2007-2012) SELC SFLS SST SBA 59.0% 2.7% Undergraduate 265 335 70 - 10.7% 27.6% period of2012. A totalof74studentswereawardedtheChancellor’sMeritScholarshipfor financially needywerealsoawardedscholarshipsintheformoftuitionfeeswaivers. Continuing studentsatWOUwhoexcelledintheiracademicstudiesandwere WOU andtoreducetheirfinancialburden. their studiesatWOU.Thegrants were meanttoencouragestudentsenrolat During 2012,atotalof533studygrantswereawardedtonewstudentspursuing STUDY GRANTS&SCHOLARSHIPS

65 WOU ANNUAL REPORT 2012 66 WOU ANNUAL REPORT 2012 67 WOU ANNUAL REPORT 2012 FINANCIAL STATEMENTS

69 - 71 Directors' report

72 Statement by directors

72 Statutory declaration

73 - 74 Independent auditors' report

75 Statement of comprehensive income

76 Statement of financial position

77 Statement of changes in equity

78 Statement of cash flows

79 - 108 Notes to the financial statements WOU ANNUAL REPORT 2012 68 the Companyoranyotherbody corporate. Company wasaparty,whereby thedirectorsmightacquirebenefitsbymeansofacquisition ofsharesin,ordebenturesof, Neither attheendoffinancial year,noratanytimeduringthatdidtheresubsist anyarrangementtowhichthe Directors’ benefits Tun Dr.LimKengYaik(Deceasedon22December2012) Ooi TengChew Dato’ Dr.Thillainathana/lRamasamy Dato’ SeriChetSingha/lKaram Loo ChooTeng Tan SriDato’EmeritusProf.GajarajA/LMunusamyDhanarajan Dato’ SeriYeapLeongHuat The namesofthedirectorsCompanyinofficesincedatelastreportandatthisare: Directors affected byanyitem,transactionoreventofamaterialandunusualnature. In theopinionofdirectors,resultsoperationCompanyduringfinancialyearhavenotbeensubstantia lly There werenomaterialtransferstoorfromreservesprovisionsduringthefinancialyear. Loss aftertax Results financial year. education relatedinitiatives.Therehavebeennosignificantchangesinthenatureoftheseprincipalactivitiesduring the and to hold examinations in collaboration with any institutions of higher learning for the advancement and development of The principalactivitiesoftheCompanyaretoestablishalltypeseducationalinstitutions,providecoursesstudyortraining Principal activities financial yearended31December2012. The directorshavepleasureinpresentingtheirreporttogetherwiththeauditedfinancialstatementsofCompanyfor DIRECTORS’ REPORT 8,400,861 RM

69 WOU ANNUAL REPORT 2012 70 WOU ANNUAL REPORT 2012 (d) (c) (b) (a) Other statutoryinformation corporations. under Section134oftheCompaniesAct,1965,aninterestinsharesCompany,itsholdingcompanyand related None ofthedirectorswhoheldofficeatendfinancialyear,hadaccordingtoregisterrequiredbe kept Directors’ interests director hasasubstantialfinancialinterest. or arelatedcorporationwithanydirectorfirmofwhichtheismember,companyin financial statements or the fixed salary of a full-time employee of the Company) by reason of a contract made by the Company benefits includedintheaggregateamountofemolumentsreceivedordueandreceivablebydirectorsasshown Since theendofpreviousfinancialyear,nodirectorhasreceivedorbecomeentitledtoreceiveabenefit(otherthan Directors’ benefits(contd.) DIRECTORS’ REPORT financial statementsoftheCompany whichwouldrenderanyamountstatedinthefinancial statementsmisleading. At thedateofthisreport,directorsarenotawareany circumstancesnototherwisedealtwithinthisreportor adherence totheexistingmethodofvaluationassetsor liabilities oftheCompanymisleadingorinappropriate. At the date of this report, the directors are not aware of any circumstances which have arisen which would render (ii) (i) At thedateofthisreport,directorsarenotawareany circumstanceswhichwouldrender: (ii) (i) directors tookreasonablesteps: Before thestatementofcomprehensiveincomeandfinancialpositionCompanyweremadeout, the valuesattributedtocurrentassetsinfinancialstatements oftheCompanymisleading. the Company;and it necessarytowrite off anybaddebtsortomakeprovisionfor doubtfuldebtsinrespectof these accountsof the ordinarycourseofbusinesshadbeenwrittendowntoanamountwhichtheymightbeexpectedsorealise. to ensurethatanycurrentassetswhichwereunlikelyrealisetheirvalueasshownintheaccountingrecords for doubtfuldebtswasnecessary;and provisions fordoubtfuldebtsandsatisfiedthemselvesthattherewerenoknownbadprovision to ascertainthatproperactionhadbeentakeninrelationthewritingoffofbaddebtsandmaking Dato’ SeriYeap LeongHuat Signed onbehalfoftheBoardinaccordancewitharesolution ofthedirectorsdated15April2013. The auditors,Ernst&Young,haveexpressedtheirwillingness tocontinueinoffice. Auditors The significanteventduringtheyearisdisclosedinNote27 tothefinancialstatements. Significant event incorporated inMalaysia. The holdingandultimate holding company isWawasanEducationFoundation, a company limited byguarantee and Ultimate holdingcompany (f) (e) Other statutoryinformation(contd.) (ii) (i) In theopinionofdirectors: (ii) (i) As atthedateofthisreport,theredoesnotexist: Company forthefinancialyearinwhichthisreportismade. financial yearandthedateofthisreportwhichislikelytoaffectsubstantiallyresultsoperations no item, transaction or event of a material and unusual nature has arisen in the interval between the end of the obligations whentheyfalldue;and twelve monthsaftertheendoffinancialyearwhichwillormayaffectabilityCompanytomeetits no contingentorotherliabilityhasbecomeenforceableislikelytowithintheperiodof any contingentliabilityoftheCompanywhichhasarisensinceendfinancialyear. liabilities ofanyotherperson;or any charge on the assets of the Company which has arisen since the end of the financial year which secures the Gajaraj a/lMunusamyDhanarajan TanSri Dato’EmeritusProf. DIRECTORS’ REPORT

71 WOU ANNUAL REPORT 2012 72 WOU ANNUAL REPORT 2012 Commissioner forOaths Before me, on 15April2013. at GeorgetowninthestateofPenang abovenamed ProfessorDato’DrHoSinnChye Subscribed andsolemnlydeclaredbythe provisions oftheStatutoryDeclarationsAct,1960. are inmyopinioncorrect,andImakethissolemndeclaration conscientiouslybelievingthesametobetrueandbyvirtueofthe University Sdn.Bhd.,dosolemnlyandsincerelydeclarethat the accompanyingfinancialstatementssetoutonpages75to108 I, ProfessorDato’DrHoSinnChye,beingtheofficerprimarilyresponsibleforfinancialmanagementofWawasan Open Pursuant toSection169(16)oftheCompaniesAct,1965 STATUTORY DECLARATION Dato’ SeriYeapLeongHuat Signed onbehalfoftheBoardinaccordancewitharesolutiondirectorsdated15April2013. financial positionoftheCompanyasat31December2012anditsperformancecashflowsforyearthenended. Financial ReportingStandardsandtherequirementsofCompaniesAct,1965inMalaysiasoastogiveatruefairview statements setoutonpages75to108aredrawnupinaccordancewithMalaysianFinancialReportingStandards,International of WawasanOpenUniversitySdn.Bhd.,doherebystatethat,intheopiniondirectors,accompanyingfinancial We, Dato’SeriYeapLeongHuatandTanSriEmeritusProf.Gajaraja/lMunusamyDhanarajan,beingtwoofthedirectors Pursuant toSection169(15)oftheCompaniesAct,1965 STATEMENT BYDIRECTORS

Professor Dato’DrHoSinnChye Gajaraj a/lMunusamyDhanarajan Tan SriDato’EmeritusProf. with theprovisionsofAct. and otherrecordstheregistersrequiredbyActto bekeptbytheCompanyhavebeenproperlyinaccordance In accordancewith the requirementsofCompaniesAct1965in Malaysia,we also reportthatinouropinion,the accounting Report onotherlegalandregulatoryrequirements Standards, InternationalFinancialReportingStandardsand the requirementsofCompaniesAct1965inMalaysia. 2012 andofitsfinancialperformancecashflowsforthe yearthenendedinaccordancewithMalaysianFinancialReporting In ouropinion,thefinancialstatementsgiveatrueandfair viewofthefinancialpositionCompanyasat31December Opinion We believethattheauditevidencewehaveobtainedissufficientandappropriatetoprovideabasisforouropinion. accounting estimatesmadebythedirectors,aswellevaluatingoverallpresentationoffinancialstatements. internal control.Anauditalsoincludesevaluatingtheappropriatenessofaccountingpoliciesusedandreasonableness of that areappropriateinthecircumstances,butnotforpurposeofexpressinganopiniononeffectiveness entity’s relevant totheentity’spreparationoffinancialstatementsthatgiveatrueandfairviewinorderdesignauditprocedures of thefinancialstatements,whetherduetofraudorerror.Inmakingthoseriskassessments,weconsiderinternal control statements. Theproceduresselecteddependonourjudgment,includingtheassessmentofrisksmaterialmisstatement An auditinvolvesperformingprocedurestoobtainevidenceabouttheamountsanddisclosuresinfinancial misstatement. and planperformtheaudittoobtainreasonableassuranceaboutwhetherfinancialstatementsarefreefrommaterial accordance withapprovedstandardsonauditinginMalaysia.Thoserequirethatwecomplyethicalrequirements Our responsibility isto express an opinionon these financial statementsbasedon our audit.We conducted our audit in Auditors’ responsibility or error. is necessarytoenablethepreparationoffinancialstatementsthatarefreefrommaterialmisstatement,whetherdue fraud of theCompaniesAct1965inMalaysia.Thedirectorsarealsoresponsibleforsuchinternalcontrolasdetermine accordance withMalaysianFinancialReportingStandards,InternationalStandardsandtherequirements The directorsoftheCompanyareresponsibleforpreparationfinancialstatementssoastogiveatrueandfair view in Directors’ responsibilityforthefinancialstatements set outonpages75to108. cash flowsfortheyearthenended,andasummaryofsignificantaccountingpoliciesotherexplanatoryinformation,as position asat31December2012andstatementofcomprehensiveincome,changesinequity We haveauditedthefinancialstatementsofWawasanOpenUniversitySdn.Bhd.,whichcomprisestatement Report onthefinancialstatements TO THEMEMBEROF WAWASAN OPENUNIVERSITYSDN.BHD. INDEPENDENT AUDITORS’REPORT

(INCORPORATED INMALAYSIA)

73 WOU ANNUAL REPORT 2012 74 WOU ANNUAL REPORT 2012 Date: 15April2013 Penang, Malaysia Chartered AF Ernst &Young Accountants : 0039 2. 1. Other matters TO THEMEMBEROF INDEPENDENT AUDITORS’REPORT this report. Act 1965inMalaysiaandfornootherpurpose.Wedonotassumeresponsibilitytoanypersonthecontentof This reportismadesolelytothememberofCompany,asabody,inaccordancewithSection174Companies flows fortheyearthenended. misstatements that materially affect the financial position asof31 December 2012 and financial performance and cash included obtainingsufficientappropriateauditevidencethattheopeningbalancesasat1January2012donotcontain audit ofthefinancialstatementsCompanyforyearended31December2012have,inthesecircumstances, were notengagedtoreportonthecomparativeinformationanditisunaudited.Ourresponsibilitiesaspartofour of changesinequityandstatementcashflowsfortheyearended31December2011relateddisclosures.We financial positionasat31December2011and1January2011,thestatementofcomprehensiveincome, retrospectively by directors to the comparative information in these financial statements, including the statements of Reporting Standardson1January2012withatransitiondateof2011.Thesestandardswereapplied As statedinNote3.2tothefinancialstatements,WawasanOpenUniversitySdn.Bhd.adoptedMalaysianFinancial WAWASAN OPENUNIVERSITYSDN.BHD. Chartered No.1939/12/14(J) Oo BoonBeng Accountant

(INCORPORATED INMALAYSIA) Loss aftertax Total comprehensiveincomefortheyear Other comprehensiveincomefortheyear The accompanying accountingpoliciesandexplanatory notesformanintegral partofthefinancialstatements. Income taxexpense Loss beforetax Other expenses Depreciation andamortisationexpense Employee benefitsexpense Other itemsofexpense Other income Other itemofincome Revenue STATEMENT OFCOMPREHENSIVEINCOME FOR THEFINANCIALYEARENDED31DECEMBER2012 Note

9 8 7 6 5 (14,442,225) (14,815,614) 15,342,698 31.12.2012 (8,400,861) (8,400,861) (8,400,861) 6,424,739 (910,459) RM - - (17,697,913) (17,697,913) (17,697,913) (13,498,261) (17,026,670) 12,812,816 31.12.2011 (1,072,744) 1,086,946 RM - -

75 WOU ANNUAL REPORT 2012 76 WOU ANNUAL REPORT 2012 Financed by: Net current(liabilities)/assets Current liabilities Current assets Non-current assets The accompanying accountingpoliciesandexplanatory notesformanintegral partofthefinancialstatements. AS AT31DECEMBER2012 STATEMENT OFFINANCIALPOSITION (Shareholder's deficit)/Totalequity Accumulated losses Share capital Amount duetoholdingcompany Other currentliabilities Trade andotherpayables Cash andbankbalances Amount duefromarelatedcompany Other currentassets Other receivables Inventories Intangible assets Property, plantandequipment Note 20 19 18 17 16 15 14 13 12 11 10 (80,708,388) (13,357,288) 72,000,000 31.12.2012 (8,708,388) (8,708,388) 18,453,179 5,892,228 4,409,572 5,095,891 3,333,663 1,089,220 4,648,900 2,699,177 1,949,723 8,151,379 468,607 159,758 44,643 RM (72,307,527) 72,000,000 15,169,210 31.12.2011 (5,394,575) 5,789,574 4,384,120 9,774,635 7,381,895 4,995,516 1,493,851 5,087,048 2,755,487 2,331,561 (307,527) (307,527) 658,073 198,900 41,916 RM (54,609,614) 60,000,000 12,660,223 10,655,360 12,406,926 5,111,344 4,452,166 5,390,386 2,843,416 5,390,386 1,232,865 5,137,089 2,839,718 2,297,371 1.1.2011 407,785 351,254 253,297 12,959 RM The accompanying accountingpoliciesandexplanatory notesformanintegral partofthefinancialstatements. At 31December2012 Total comprehensiveincomefortheyear Issuance ofshares At 1January2012 At 31December2011 Total comprehensiveincomefortheyear Issuance ofshares At 1January2011 STATEMENT OFCHANGESINEQUITY FOR THEFINANCIALYEARENDED31DECEMBER2012 72,000,000 72,000,000 72,000,000 12,000,000 60,000,000 capital Share RM - - - Accumulated (80,708,388) (72,307,527) (72,307,527) (17,697,913) (54,609,614) (8,400,861) losses RM - - (17,697,913) 12,000,000 (8,708,388) (8,400,861) 5,390,386 (307,527) (307,527) Total RM -

77 WOU ANNUAL REPORT 2012 78 WOU ANNUAL REPORT 2012 Loss beforetax Operating activities Net cashusedinoperatingactivities Increase inamountduetoholdingcompany Operating cashflowsbeforechangesinworkingcapital Interest income Loss/(Gain) ondisposalofproperty,plantandequipment Property, plantandequipmentwrittenoff Depreciation Amortisation ofintangibleassets Adjustments for: Net cash(usedin)/frominvestingactivities Interest received Proceeds fromdisposalofproperty,plantandequipment Purchase ofproperty,plantandequipment Additions tointangibleassets Increase insharecapital Investing activities Increase inothercurrentliabilities Increase/(Decrease) intradeandotherpayables Increase inamountduefromarelatedcompany Decrease/(Increase) inothercurrentassets Decrease inotherreceivables Decrease/(Increase) ininventories Net decreaseincashandequivalents Cash andcashequivalentsat1January Cash andcashequivalentsat 31December The accompanying accountingpoliciesandexplanatory notesformanintegral partofthefinancialstatements. FOR THEFINANCIALYEARENDED31DECEMBER2012 STATEMENT OFCASHFLOWS 31.12.2012 (8,400,861) (2,534,634) (6,449,114) (1,513,598) (4,048,232) 1,038,816 7,381,895 3,333,663 3,155,863 (538,635) (982,505) 910,460 102,654 189,466 404,631 25,452 39,141 (2,727) 1,449 1,123 7,441 (101) 101 RM - (17,697,913) (13,263,464) (15,637,871) 12,000,000 10,655,360 31.12.2011 (1,107,349) (3,273,465) 1,072,744 9,989,999 7,381,895 2,152,100 (250,288) (260,986) (903,263) 987,494 678,230 152,354 (68,046) (28,957) (271) (225) 300 386 225 RM 1. 3. 2. Corporate information 3.2 3.1 Summary ofsignificantaccountingpolicies an undertakingfromtheholdingcompanytoenableitmeetitsobligationsandliabilitiesaswhentheyfalldue. RM13,708,388 respectively.TheCompanyreliesonitsholdingcompanyforcontinuedfinancialsupportandhasobtained As at31December2012,theCompanyhasnetcurrentliabilitiesandshareholder'sdeficitofRM18,357,288 Fundamental accountingconcept directors on15April2013. The financialstatementswereauthorisedforissuebytheBoardofDirectorsinaccordancewitharesolution incorporated inMalaysia. The holdingandultimatecompanyisWawasanEducationFoundation,alimitedbyguarantee Company islocatedat51-23MenaraBHL,JalanSultanAhmadShah,10050Penang. The Company isaprivatelimitedliability company, incorporated anddomiciled in Malaysia. The registeredofficeof the activities duringthefinancialyear. development ofeducationrelatedinitiatives.Therehavebeennosignificantchangesinthenaturetheseprincipal or trainingandtoholdexaminationsincollaborationwithanyinstitutionsofhigherlearningfortheadvancement "The principalactivitiesoftheCompanyaretoestablishalltypeseducationalinstitutions,providecoursesstudy Accordingly, notes relatingtothestatementof financialpositionasatthedate oftransitiontoMFRSarenotpresented. accordance with FRS as the adoption of the MFRS did not have a material impact on the financial statements. transition), theCompanyhas not adjusted the amounts previouslyreportedinfinancialstatements preparedin In preparingitsopeningMFRS StatementofFinancialPositionasat1January2011(which isalsothedateof First-time except Adoption The financialstatementsarepresentedinRinggitMalaysia (RM)andallvaluesareroundedtonearestthousand when accounting policiesbelow. of The financialstatementsoftheCompanyhavealsobeenprepared onahistoricalbasisexceptasdisclosedinthe otherwise First- TimeAdoptionofMalaysianFinancialReportingStandards ("MFRS1")hasbeenapplied. MFRS the year ended 31 December 2012 are the first the Company has prepared in accordance with MFRS and MFRS 1: statements inaccordancewithFinancialReportingStandards inMalaysia("FRS").Thesefinancialstatementsfor indicated. For allperiodsuptoandincludingtheyearended31December 2011,theCompanyprepareditsfinancial Reporting StandardsandtherequirementsofCompaniesAct1965inMalaysia. Standards ("MFRS")issuedbytheMalaysianAccountingBoard(“MASB”),InternationalFinancial The financialstatementsoftheCompanyhavebeenpreparedinaccordancewithMalaysianFinancialReporting Basis ofpreparation NOTES TOTHEFINANCIALSTATEMENTS FOR THEFINANCIALYEARENDED31DECEMBER2012

79 WOU ANNUAL REPORT 2012 80 WOU ANNUAL REPORT 2012 3. FOR THEFINANCIALYEARENDED31DECEMBER2012 NOTES TOTHEFINANCIALSTATEMENTS 3.3 3.2 Summary ofsignificantaccountingpolicies(contd.) become effective. financial statementsaredisclosedbelow.TheCompanyintendtoadoptthesestandards,ifapplicable,whenthey The standardsandinterpretationsthatareissuedbutnotyeteffectiveuptothedateofissuanceCompany’s Standards Issuedbutnotyeteffective transition toMFRSandasof31December2011. the CompanytopresenttheseamountsinaccordancewithMFRSreflectconditionsat1January2011,dateof accordance withFRS(afteradjustmentstoreflectanydifferencesinaccountingpolicies).Theestimatesusedby The estimates at 1 January 2011 and 31 December2011 are consistent withthosemadeforthe same dates in Estimates Company hasnotappliedanyoftheexemptionsallowedbyMFRS1astheyareapplicabletoCompany. MFRS 1allowsfirst-timeadopterscertainexemptionsfromtheretrospectiveapplicationofMFRS.The Exemptions Applied First-time AdoptionofMFRS(contd.) Amendments toMFRS101:PresentationofFinancialStatements(AnnualImprovements (AmendmentstoMFRS101) MFRS 101:PresentationofItemsOtherComprehensiveIncome Description MFRS 3:BusinessCombinations(IFRS issuedbyIASBinMarch MFRS 127:Consolidatedand Separate FinancialStatements(IAS27asrevisedbyIASB MFRS 128:InvestmentinAssociateandJointVentures MFRS 127:SeparateFinancialStatements MFRS 119:EmployeeBenefits MFRS 13:FairValueMeasurement MFRS 12:DisclosureofinterestsinOtherEntities MFRS 11:JointArrangements MFRS 10:ConsolidatedFinancialStatements Amendment toICInterpretation 2:Members’SharesinCo-operativeEntitiesandSimilar Amendments to MFRS7:Disclosures–Offsetting FinancialAssetsand Liabilities IC Interpretation20:Stripping CostsintheProductionPhaseofaSurfaceMine 2009-2011 Cycle) 2004) in December2003) Instruments (AnnualImprovements 2009-2011Cycle)

beginning onorafter annual periods 1 January2013 1 January2013 1 January2013 1 January2013 1 January2013 1 January2013 1 January2013 1 January2013 1 January2013 1 January2013 1 January2013 1 January2013 1 January2013 Effective for 1 July2012 3. 3.3 Summary ofsignificantaccountingpolicies(contd.) 3.4 Amendments toMFRS1:First-timeAdoptionofMalaysianFinancialReportingStandards Description Standards Issuedbutnotyeteffective(contd.) Amendments to MFRS1: First-time Adoptionof Malaysian Financial Reporting Amendments toMFRS116:Property,PlantandEquipment(AnnualImprovements Amendments to MFRS132: Financial Instruments:Presentation(AnnualImprovements any accumulatedimpairment losses. Subsequent torecognition,property,plantandequipment arestatedatcostlessaccumulateddepreciationand recognised inprofitorlossasincurred. measured reliably.Thecarryingamountofthereplacedpart isderecognised.Allotherrepairsandmaintenanceare that futureeconomicbenefitsassociatedwiththeitemwill flowtotheCompanyandcostofitemcanbe included intheasset’scarryingamountorrecognisedasaseparate asset,asappropriate,onlywhenitisprobable with theitemwillflowtoCompanyandcostof itemcanbemeasuredreliably.Subsequentcostsare and equipmentisrecognisedasanassetif,onlyit isprobablethatfutureeconomicbenefitsassociated All itemsofproperty,plantandequipmentareinitiallyrecorded atcost.Thecostofanitemproperty,plant Property, plantandequipment the financialstatementsinperiodofinitialapplication. The directorsexpectthattheadoptionofabovestandardsandinterpretationswillhavenomaterialimpacton Amendments toMFRS134:InterimFinancialReporting(AnnualImprovements2009- MFRS 9:FinancialInstruments Amendments toMFRS10,12and127:InvestmentEntities Amendments toMFRS132:OffsettingFinancialAssetsandLiabilities Amendments to MFRS 12: Disclosure of Interests in Other Entities: Transition Guidance Amendments toMFRS11:JointArrangements:TransitionGuidance Amendments toMFRS10:ConsolidatedFinancialStatements:TransitionGuidance – GovernmentLoans Standards –AnnualImprovements2009-2011Cycle) 2009-2011 Cycle) 2009-2011 Cycle) 2011 Cycle) NOTES TOTHEFINANCIALSTATEMENTS FOR THEFINANCIALYEARENDED31DECEMBER2012 beginning onorafter annual periods 1 January2013 1 January2013 1 January2013 1 January2013 1 January2015 1 January2014 1 January2014 1 January2013 1 January2013 1 January2013 1 January2013 Effective for

81 WOU ANNUAL REPORT 2012 82 WOU ANNUAL REPORT 2012 3. FOR THEFINANCIALYEARENDED31DECEMBER2012 NOTES TOTHEFINANCIALSTATEMENTS 3.5 3.4 Summary ofsignificantaccountingpolicies(contd.) the impairment lossdoesnotexceedtheamount heldintheassetrevaluation reserveforthesameasset. revalued amount, inwhichcasetheimpairment lossisaccountedforasa revaluationdecreasetotheextent that An impairment loss is recognised inprofit or loss in the year in which it arises, unless theasset is carried at a to reducethecarryingamount oftheotherassetsinunitorgroupsunitsonapro-rata basis. allocated firsttoreducethecarrying amountofanygoodwillallocatedtothoseunitsorgroups ofunitsandthen, written downtoitsrecoverable amount.ImpairmentlossesrecognisedinrespectofaCGU orgroupsofCGUsare Where thecarryingamountof anassetexceedsitsrecoverableamount,theisconsidered impairedandis discount ratethatreflectscurrentmarketassessmentsofthe timevalueofmoneyandtherisksspecifictoasset. In assessingvalueinuse,theestimatedfuture cash flowsarediscounted totheirpresent value usingapre-tax An asset’srecoverableamountisthehigherofanor CGU’sfairvaluelesscoststosellanditsinuse. is thecase,recoverableamountdeterminedforcash-generating unit(CGU)towhichtheassetbelongsto. basis unlesstheassetdoesnotgeneratecashflowsthatare largelyindependentofthosefromotherassets.Ifthis For thepurposeofimpairmenttestingtheseassets,recoverable amountisdeterminedonanindividualasset determine theamountofimpairmentloss. there isanyindicationofimpairment.Ifsuch exists,theasset’srecoverableamountisestimatedto The carryingamountsofassets,other than inventoriesarereviewed ateach reporting date todeterminewhether Impairment ofnon-financialassets the yearassetisderecognised. expected fromitsuseordisposal.Anygainlossonderecognitionoftheassetisincludedinprofit An item of property, plant and equipmentisderecognisedupondisposalorwhen no futureeconomicbenefitsare prospectively, ifappropriate. The residualvalue,usefullifeanddepreciationmethodarereviewedateachfinancialyear-end,adjusted circumstances indicatethatthecarryingvaluemaynotberecoverable. The carryingvaluesofproperty,plantandequipmentarereviewedforimpairmentwheneventsorchangesin available foruse. Capital work-inprogressincludedinproperty,plantandequipmentarenotdepreciatedastheseassetsyet Renovation IT Infrastructure Books Motor vehicles Furniture, fixturesandfittings Computer equipment Laboratory equipment Office equipment each assettoitsresidualvalueovertheestimatedusefullife,atfollowingannualrates: Depreciation ofotherproperty,plantandequipmentisprovidedforonastraight-linebasistowriteoffthecost Property, plant and equipment (contd.) 10 years 10 years 5 years 3 years 5 5 years years 3 years 5 years 3. 3.6 3.5 Summary ofsignificantaccountingpolicies(contd.) amortisation andaccumulated impairmentloss.Thecopyrightisamortisedover5years. The moviecopyrightisrecognisedonacostmodelbasiswhere theassetistobecarriedatcostlessaccumulated Movie an indicationofimpairmentarisesduringthereportingyear. copyright The carryingvalueisreviewedforimpairmentannuallywhen theassetisnotyetinuseormorefrequentlywhen amortisation andaccumulatedimpairmentloss.Thesoftware isamortisedover3years. Software isrecognisedonacostmodelbasiswherethe assetistobecarriedatcostlessanyaccumulated Software or morefrequentlywhenanindicationofimpairmentarisesduringthereportingyear. The carryingvalueofdevelopmentexpenditureisreviewedforimpairmentannuallywhentheassetnotyetinuse enrolment ofstudentsforthespecificcourse. Development expenditureis amortised systematicallyoveraperiodoffiveyearsuponthecommencement for aspecificcourse. impairment loss. Any expenditure capitalised is amortised over the period of expected future usage of the materials cost modelisappliedrequiringtheassettobecarriedatlessanyaccumulatedamortisationand the expenditureduringdevelopment.Followinginitialrecognitionofdevelopmentexpenditure, generate futureeconomicbenefits,theabilityofresourcestocompleteandavailabilitymeasurereliably will be available for use or sale,itsintentiontocomplete and its ability to useor sell the asset, how the asset will only whentheCompanycandemonstratetechnicalfeasibilityofcompletingintangibleassetsothatit An intangibleassetarisingfromexpenditureincurredonthedevelopmentofmaterialsforcoursesisrecognised Development Intangible expenditure case, suchreversalistreatedasarevaluationincrease. assets an assetotherthangoodwillisrecognisedinprofitorloss,unlessthecarriedatrevaluedamount,which depreciation) hadnoimpairmentlossbeenrecognisedfortheassetinprioryears.Areversalof this amountdoesnotexceedthecarryingthatwouldhavebeendetermined(netofamortisationor carrying amountofanassetotherthangoodwillisincreasedtoitsrevisedrecoverableamount,providedthat estimates usedtodeterminetheasset’srecoverableamountsincelastimpairmentlosswasrecognised.The An impairmentlossforanassetotherthangoodwillisreversedif,andonlytherehasbeenachangeinthe Impairment ofnon-financialassets(contd.) NOTES TOTHEFINANCIALSTATEMENTS FOR THEFINANCIALYEARENDED31DECEMBER2012

83 WOU ANNUAL REPORT 2012 84 WOU ANNUAL REPORT 2012 3. FOR THEFINANCIALYEARENDED31DECEMBER2012 NOTES TOTHEFINANCIALSTATEMENTS 3.9 3.8 3.7 Inventories Summary ofsignificantaccountingpolicies(contd.) for rentalincome issetoutinNote3.13(iii). of theleasedassetandrecognised overtheleasetermonsamebasesasrentalincome. Theaccountingpolicy as operating leases. Initial direct costs incurred in negotiating an operating lease are added to the carrying amount Leases wheretheCompanyretains substantiallyalltherisksandrewardsofownership theassetareclassified As lease termonastraight-linebasis. lessor The aggregatebenefitofincentivesprovidedbythelessor is recognisedasareductionofrentalexpenseoverthe Operating leasepaymentsarerecognisedasanexpenseinprofit orlossonastraight-linebasisovertheleaseterm. shorter oftheestimatedusefullifeandleaseterm. certainty thattheCompanywill obtain ownershipbytheendof the leaseterm,assetisdepreciatedover Leased assetsaredepreciatedovertheestimateduseful life oftheasset.However,ifthereisnoreasonable Contingent rents,ifany,arechargedasexpensesintheperiods inwhichtheyareincurred. a constantrateofinterestontheremainingbalance liability.Financechargesarechargedtoprofitorloss. Lease paymentsareapportionedbetweenthefinancecharges andreductionoftheleaseliabilitysoastoachieve present valueoftheminimumleasepayments.Anyinitialdirectcostsarealsoaddedtoamountcapitalised. the leaseditem,arecapitalisedatinceptionofleasefairvalueassetor,iflower, Finance leases,whichtransfertotheCompanysubstantiallyallrisksandrewardsincidentalownershipof As Leases lessee the passageoftimeisrecognisedasafinancecost. where appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the effect of the time value of money is material, provisions are discounted usinga current pre-tax rate thatreflects, probable thatanoutflowofeconomicresourceswillberequiredtosettletheobligation,provisionisreversed.If Provisions arereviewedateachreportingdateandadjustedtoreflectthecurrentbestestimate.Ifitisnolonger of theobligationcanbeestimatedreliably. event, itisprobablethatanoutflowofeconomicresourceswillberequiredtosettletheobligationandamount Provisions arerecognisedwhentheCompanyhasapresentobligation(legalorconstructive)asresultofpast Provisions to Net realisablevalueistheestimatedsellingpriceinordinarycourseofbusinesslesscostsnecessary make The costsofmanualandtextbookscompriseprintingmaterials,directlabourothercosts. Cost isdeterminedusingthefirstin,outmethod.Thecostofprintingmaterialscomprisescostspurchase. the Inventories arestatedatthelowerofcostandnetrealisablevalue. sale.

3. 3.10 Summary ofsignificantaccountingpolicies(contd.)

ii. i. Income taxes assets tobeutilised. recognised totheextentthat ithasbecomeprobablethatfuturetaxableprofitwillallow thedeferredtax tax assettobeutilised.Unrecognised deferredtaxassetsarereassessedateachreporting dateandare that it is no longer probable that sufficienttaxableprofit willbeavailable to allowall or partofthedeferred The carryingamountofdeferred taxassetsisreviewedateachreportingdateandreduced totheextent - - losses canbeutilisedexcept: which thedeductibletemporarydifferences,andcarryforwardofunusedtaxcredits credits andunusedtaxlosses,totheextentthatitisprobabletaxableprofitwillbeavailableagainst Deferred taxassetsarerecognisedforalldeductibletemporarydifferences,carryforwardofunused - - Deferred taxliabilitiesarerecognisedforalltemporarydifferences,except: the taxbasesofassetsandliabilitiestheircarryingamountsforfinancialreportingpurposes. Deferred tax is provided using the liability method on temporary differences at the reporting date between Deferred outside profitorloss,eitherinothercomprehensiveincomedirectlyequity. tax Current taxesarerecognisedinprofitorlossexcepttotheextentthattaxrelatesitems substantively enactedbythereportingdate. the taxauthorities.Theratesandlawsusedtocomputeamountarethosethatenactedor Current taxassetsandliabilitiesaremeasuredattheamountexpectedtoberecoveredfromorpaid Current tax against whichthetemporarydifferencescanbeutilised. that the temporary differences will reverse in the foreseeable future and taxable profit will be available and interestsinjointventures,deferredtaxassetsarerecognised onlytotheextentthatitisprobable in respect ofdeductibletemporarydifferencesassociated with investments in subsidiaries, associates the transaction,affectsneitheraccountingprofitnortaxable profitorloss;and recognition ofanassetorliabilityinatransactionthatisnot abusinesscombinationand,atthetimeof where thedeferredtaxassetrelatingtodeductibletemporary differencearisesfromtheinitial controlled anditisprobablethatthetemporarydifferenceswillnotreverseinforeseeablefuture. and interestsinjointventures,wherethetimingofreversaltemporarydifferencescanbe in respect of taxable temporary differences associated with investments in subsidiaries, associates accounting profitnortaxableorloss;and a transactionthatisnotbusinesscombinationand,atthetimeoftransaction,affectsneither where thedeferredtaxliabilityarisesfrominitialrecognitionofgoodwilloranassetin NOTES TOTHEFINANCIALSTATEMENTS FOR THEFINANCIALYEARENDED31DECEMBER2012

85 WOU ANNUAL REPORT 2012 86 WOU ANNUAL REPORT 2012 3. FOR THEFINANCIALYEARENDED31DECEMBER2012 NOTES TOTHEFINANCIALSTATEMENTS 3.11 3.10 Summary ofsignificantaccountingpolicies(contd.) 3.12 ii. i. Employee benefits ii. Income taxes(contd.) i. Foreign currency incurred. Asrequiredbylaw,companiesinMalaysiamake suchcontributionstotheEmployeesProvident services inthecurrentandprecedingfinancialyears.Such contributionsarerecognisedasanexpense contributions ifanyofthefundsdonotholdsufficientassets topayallemployeebenefitsrelating contributions intoseparateentitiesorfundsandwillhaveno legalorconstructiveobligationtopayfurther Defined contributionplansarepost-employmentbenefit plansunderwhichtheCompanypaysfixed Defined recognised whentheabsencesoccur. contribution future compensated absences. Short termnon-accumulating compensated absences such as sick leave are paid annualleavearerecognisedwhenservicesrenderedbyemployeesthatincreasetheirentitlementto the associatedservicesarerenderedbyemployees.Shorttermaccumulatingcompensatedabsencessuchas plans Wages, salaries,bonusesandsocialsecuritycontributionsarerecognisedasanexpenseintheyearwhich Short term taxation tax assetsagainstcurrent tax liabilitiesandthe deferred taxesrelate to thesametaxableentityand benefits Deferred taxassetsanddeferredliabilitiesareoffset,ifalegallyenforceablerightexiststosetoffcurrent authority. acquisition. or directly in equity and deferred tax arising from a business combination is adjusted against goodwill on tax itemsarerecognisedincorrelationtotheunderlyingtransactioneitherothercomprehensiveincome Deferred tax relating to items recognised outside profit or loss is recognised outside profit or loss. Deferred substantively enactedatthereportingdate. the assetisrealisedorliabilitysettled,basedontaxratesandlawsthathavebeenenacted Deferred tax assets and liabilities are measured at the taxratesthatareexpected to apply to the year when Deferred tax(contd.) presented inRinggitMalaysia (RM), whichisalsotheCompany'sfunctionalcurrency. environment inwhichtheCompany operates(“thefunctionalcurrency”).Thefinancial statementsare The financialstatementsof the Companyaremeasuredusingcurrencyof primary economic Functional and presentation currency Fund (“EPF”).

3. 3.13 3.12 Summary ofsignificantaccountingpolicies(contd.) iii. ii. i. revenue canbereliablymeasured.Revenueismeasuredatthefairvalueofconsiderationreceivedorreceivable. Revenue is recognised to theextentthatitisprobable that the economic benefits will flow to the Company and the Revenue ii. Foreign currency(contd.) Rental incomeisrecognisedon anaccrualbasisunlesscollectibilityisindoubt. Rental income Interest incomeisrecognisedonanaccrualbasisusingthe effective interestmethod. Interest income Revenue fromcoursefeesisrecognisedoverthedurationof thecourse. for theyear. processing and administrative fee are recognised in full upon commencement of the course in profit or loss Course feesarerecognisedonanaccrualbasiswhereas non-refundable, resourceandservicesfees fee netofrefundsanddiscountallowed. Course andeducationfeesrepresentcoursefees,resourceserviceprocessingadministrative Course andeducationfees non-monetary itemsarealsorecogniseddirectlyinequity. respect ofwhichgainsandlossesarerecogniseddirectlyinequity.Exchangedifferencesarisingfromsuch in profitorlossfortheyearexceptdifferencesarisingontranslationofnon-monetaryitems Exchange differencesarisingonthetranslationofnon-monetaryitemscarriedatfairvalueareincluded reporting datearerecognisedinprofitorlossfortheyear. Exchange differencesarisingonthesettlementofmonetaryitemsortranslatingat date whenthefairvaluewasdetermined. items denominated in foreigncurrenciesmeasured at fair value are translated using the exchange rates at the historical costaretranslatedusingtheexchangeratesasatdatesofinitialtransactions.Non-monetary ruling atthereportingdate.Non-monetaryitemsdenominatedinforeigncurrenciesthataremeasured dates. Monetaryassetsandliabilitiesdenominatedinforeigncurrenciesaretranslatedattherateofexchange on initialrecognitioninRinggitMalaysiaatexchangeratesapproximatingthoserulingthetransaction Transactions inforeigncurrenciesaremeasuredthefunctionalcurrencyofCompanyandrecorded Foreign currency transactions

NOTES TOTHEFINANCIALSTATEMENTS FOR THEFINANCIALYEARENDED31DECEMBER2012

87 WOU ANNUAL REPORT 2012 88 WOU ANNUAL REPORT 2012 3. FOR THEFINANCIALYEARENDED31DECEMBER2012 NOTES TOTHEFINANCIALSTATEMENTS 3.14 Summary ofsignificantaccountingpolicies(contd.) ii. i. for-sale financialassets. financial assetsatfairvaluethroughprofitorloss,loansandreceivables,held-to-maturityinvestmentsavailable- The Companydeterminestheclassificationoftheirfinancialassetsatinitialrecognition,andcategoriesinclude not atfairvaluethroughprofitorloss,directlyattributabletransactioncosts. When financialassetsarerecognisedinitially,theymeasuredatfairvalue,plus,inthecaseof become apartytothecontractualprovisionsoffinancialinstrument. Financial assetsarerecognisedinthestatementoffinancialpositionwhen,andonly the Companyhas Financial assets months afterthereportingdate whichareclassifiedasnon-current. Loans andreceivablesareclassifiedascurrentassets,except forthosehavingmaturitydateslaterthan12 derecognised orimpaired,andthroughtheamortisationprocess. interest method. Gains and losses are recognised in profit or loss when the loans and receivables are Subsequent toinitialrecognition,loansandreceivablesare measuredatamortisedcostusingtheeffective loans andreceivables. Financial assetswithfixedordeterminablepaymentsthatare notquotedinanactivemarketareclassifiedas Loans Company hasnotdesignatedanyfinancialassetsasatfairvaluethroughprofitorloss. and held primarilyfortradingpurposesarepresentedascurrentornon-currentbasedonthesettlementdate.The assets thatisheldprimarilyfortradingpurposesarepresentedascurrentwhereasfinancialnot Financial assetsatfairvaluethroughprofitorlosscouldbepresentedascurrentnon-current. receivables profit orlossarerecognisedseparatelyinaspartofotherlossesincome. dividend income.Exchangedifferences,interestandincomeonfinancialassetsatfairvaluethrough losses onfinancialassetsatfairvaluethroughprofitorlossdonotincludeexchangedifferences,interestand value. Anygainsorlossesarisingfromchangesinfairvaluearerecognisedprofitloss.Netnet Subsequent toinitialrecognition,financialassetsatfairvaluethroughprofitorlossaremeasured term. separated embeddedderivatives)orfinancialassetsacquiredprincipallyforthepurposeofsellinginnear or are designatedas such upon initial recognition. Financialassetsheldfortrading are derivatives(including Financial assets are classified as financial assets at fair value through profit or loss if they are held for trading Financial assetsatfairvaluethroughprofitorloss 3.

3.14 Summary ofsignificantaccountingpolicies(contd.) commit topurchaseorsellthe asset. and salesoffinancialassetsare recognisedorderecognisedonthetradedatei.e., datethattheCompany period generallyestablishedby regulationorconventioninthemarketplaceconcerned.All regularwaypurchases Regular way purchases or sales are purchases or sales of financial assets that require delivery of assets within the recognised inprofitorloss. consideration receivedandanycumulativegainorlossthat had beenrecognisedinothercomprehensiveincomeis derecognition ofafinancialassetinitsentirety,thedifference betweenthecarryingamountandsumof A financialassetisderecognisedwhenthecontractualright toreceivecashflowsfromtheassethasexpired.On iv. iii. Financial assets(contd.) for-sale. within 12monthsafterthereportingdate.TheCompanyhas notdesignatedanyfinancialassetsasavailable- Available-for-sale financialassetsareclassifiedasnon-current assetsunlesstheyareexpectedtoberealised impairment loss. Investments inequityinstrumentswhosefairvaluecannot bereliablymeasuredareatcostless profit orlosswhentheCompany'srighttoreceivepaymentisestablished. method isrecognisedinprofitorloss.Dividendsonanavailable-for-saleequityinstrumentare adjustment whenthefinancialassetisderecognised.Interestincomecalculatedusingeffectiveinterest recognised inothercomprehensiveincomeisreclassifiedfromequitytoprofitorlossasareclassification using theeffectiveinterestmethodarerecognisedinprofitorloss.Thecumulativegainlosspreviously that impairmentlosses,foreignexchangegainsandlossesonmonetaryinstrumentsinterestcalculated from changesinfairvalueofthefinancialassetsarerecognisedothercomprehensiveincome,except After initialrecognition,available-for-salefinancialassetsaremeasuredatfairvalue.Anygainsorlosses classified inanyofthethreeprecedingcategories. Available-for-sale financialassetsarethatdesignatedasavailableforsaleornot Available-for-sale financialassets financial assetsasheld-to-maturityinvestment. 12 monthsafterthereportingdatewhichareclassifiedascurrent.TheCompanyhasnotdesignatedany Held-to-maturity investmentsareclassifiedasnon-currentassets,exceptforthosehavingmaturitywithin investments arederecognisedorimpaired,andthroughtheamortisationprocess. effective interestmethod.Gainsandlossesarerecognisedinprofitorlosswhentheheld-to-maturity Subsequent toinitialrecognition,held-to-maturityinvestmentsaremeasuredatamortisedcostusingthe when theCompanyhaspositiveintentionandabilitytoholdinvestmentmaturity. Financial assetswithfixedordeterminablepaymentsandmaturityareclassifiedasheld-to-maturity Held-to-maturity investments

NOTES TOTHEFINANCIALSTATEMENTS FOR THEFINANCIALYEARENDED31DECEMBER2012

89 WOU ANNUAL REPORT 2012 90 WOU ANNUAL REPORT 2012 3. FOR THEFINANCIALYEARENDED31DECEMBER2012 NOTES TOTHEFINANCIALSTATEMENTS 3.16 3.15 Summary ofsignificantaccountingpolicies(contd.) i. liabilities areclassifiedaseitherfinancialatfairvalue throughprofitorlossotherfinancialliabilities. only when,theCompanybecomesapartytocontractual provisionsofthefinancialinstrument.Financial Financial liabilities,withinthescopeofFRS139,arerecognised inthestatementoffinancialpositionwhen,and definitions ofafinancialliability. Financial liabilitiesareclassifiedaccordingtothesubstance ofthecontractualarrangementsenteredintoand Financial liabilities to thecostatreversaldate.Theamountofisrecognisedinprofitorloss. to aneventoccurringaftertheimpairmentwasrecognised,previouslyrecognisedlossisreversed If inasubsequentperiod,theamountofimpairmentlossdecreasesanddecreasecanberelatedobjectively When atradereceivablebecomesuncollectible,itiswrittenoffagainsttheallowanceaccount. exception oftradereceivables,wherethecarryingamountisreducedthroughuseanallowanceaccount. The carryingamountofthefinancialassetisreducedbyimpairmentlossdirectlyforallassetswith effective interestrate.Theimpairmentlossisrecognisedinprofitorloss. carrying amountandthepresentvalueofestimatedfuturecashflowsdiscountedatfinancialasset’soriginal If anysuchevidenceexists,theamountofimpairmentlossismeasuredasdifferencebetweenasset’s correlate withdefaultonreceivables. the portfoliopastaveragecreditperiodandobservablechangesinnationalorlocaleconomicconditionsthat include theCompany'spastexperienceofcollectingpayments,anincreaseinnumberdelayedpayments basis basedonsimilarriskcharacteristics.Objectiveevidenceofimpairmentforaportfolioreceivablescould assets that are assessed not to be impaired individually are subsequently assessed for impairment on a collective and default or significant delay in payments. For certain categories of financial assets, such as trade receivables, the Companyconsidersfactorssuchasprobabilityofinsolvencyorsignificantfinancialdifficultiesdebtor To determinewhetherthereisobjectiveevidencethatanimpairmentlossonfinancialassetshasbeenincurred, Trade andotherreceivablesfinancialassetscarriedatamortisedcost impaired. The Companyassessesateachreportingdatewhether there isanyobjectiveevidencethatafinancialasset

Impairment of financial assets The Companyhas notdesignatedanyfinancial liabilitiesasatfairvaluethrough profitorloss. include exchangedifferences. at fairvalue,withanyresultant gainsorlossesrecognisedinprofitloss.Net onderivatives hedge accountingcriteria.Derivative liabilitiesareinitiallymeasuredatfairvalueandsubsequently stated Financial liabilities held for trading include derivatives entered into by theCompany that do not meet the liabilities designateduponinitial recognitionasatfairvaluethroughprofitorloss. Financial liabilitiesatfairvaluethroughprofitorlossinclude financialliabilitiesheldfortradingand Financial liabilitiesatfairvaluethroughprofitorloss

4. 3. (a) Significant accountingjudgements andestimates 3.18 3.17 3.16 Summary ofsignificantaccountingpolicies(contd.) Company whichmayhavesignificant effectoftheamountsrecognisedinfinancialstatements. In theprocessofapplying Company'saccountingpolicies,therewerenosignificant judgements madebythe Judgements madeinapplying accountingpolicies of are subjecttoaninsignificantriskofchangesinvalue.These alsoincludebankoverdraftsthatformanintegralpart investments withamaturityofthreemonthsorlessthatare readily convertibletoknownamountofcashandwhich the Cash andcashequivalentscompriseatbankon hand, demanddeposits,andshort-term,highlyliquid Cash andcashequivalents Company’s they Ordinary sharesareclassifiedasequity.Dividendsonordinary sharesarerecognisedinequitytheperiodwhich cash Ordinary shares are recorded at the proceeds received, net of directly attributable incremental transaction costs. are all ofitsliabilities.Ordinarysharesareequityinstruments. management. An equityinstrumentisanycontractthatevidencesaresidualinterestintheassetsofCompanyafterdeducting declared. Share capitalandshareissuanceexpenses profit orloss. liability andtherecognitionofanewliability,differenceinrespectivecarryingamountsisrecognised liability aresubstantiallymodified,suchanexchangeormodificationistreatedasaderecognitionoftheoriginal liability isreplacedbyanotherfromthesamelenderonsubstantiallydifferentterms,ortermsofanexisting A financialliabilityisderecognisedwhentheobligationunderextinguished.Whenanexisting ii. Financial liabilities(contd.) derecognised, andthroughtheamortisationprocess. For otherfinancialliabilities,gainsandlossesarerecognisedinprofitorlosswhentheliabilities the reportingdate. unless theCompanyhasanunconditionalrighttodefersettlementofliabilityforatleast12monthsafter measured atamortisedcostusingtheeffectiveinterestmethod.Borrowingsareclassifiedascurrentliabilities Loans and borrowings are recognised initially at fair value, net of transaction costs incurred, and subsequently subsequently measuredatamortisedcostusingtheeffectiveinterestmethod. Trade and otherpayablesare recognised initially at fairvalue plus directly attributable transaction costs and The Company'sotherfinancialliabilitiesincludetradepayables,payablesandloansborrowings. Other financial liabilities NOTES TOTHEFINANCIALSTATEMENTS FOR THEFINANCIALYEARENDED31DECEMBER2012

91 WOU ANNUAL REPORT 2012 92 WOU ANNUAL REPORT 2012 5. 4. FOR THEFINANCIALYEARENDED31DECEMBER2012 NOTES TOTHEFINANCIALSTATEMENTS 6. Discounts andrebates Lab andpracticumfees Registration andresourcefees Course fees Revenue (b) Significant accountingjudgementsandestimates(contd.) Miscellaneous collections Other income Rental Income Others University developmentoperating grant Interest income ii. i. the nextfinancialyeararediscussedbelow: that haveasignificantriskofcausingmaterialadjustmenttothecarryingamountsassetsandliabilitieswithin The keyassumptionsconcerningthefutureandothersourcesofestimationuncertaintyatreportingdate Key sourcesofestimationuncertainty therefore futuredepreciationchargescouldberevised. technological developments could impact the economic useful lives and the residual values of these assets, These are common life expectancies applied in the industry. Changes in the expected level of usage and The costoftangibleandintangibleassetsaredepreciatedonastraight-linebasisovertheassets’usefullives. Depreciation oftangibleandintangibleassets future taxplanningstrategies. assets thatcanberecognised,baseduponthelikelytimingandleveloffuturetaxableprofitstogetherwith can beutilised.Significantmanagementjudgementisrequiredtodeterminetheamountofdeferredtax extent thatitisprobabletaxableprofitwillbeavailableagainstwhichthelossesandcapitalallowances Deferred taxassetsarerecognisedforallunutilisedlossesandunabsorbedcapitalallowancestothe Deferred taxassets 31.12.2012 31.12.2012 14,406,390 15,342,698 1,335,550 5,000,000 6,424,739 (750,655) 556,382 780,907 351,413 87,349 101 RM RM 31.12.2011 31.12.2011 11,764,805 12,812,816 1,086,946 1,203,515 (500,954) 396,326 298,591 391,804 345,450 225 RM RM - 7. 8. Social securitycontributions Wages andsalaries Employee benefitsexpense Amortisation ofintangibleassets After charging: The followingamountshavebeenincludedinarrivingatlossbeforetax: Loss beforetax RM118,050). Included inemployeebenefitsexpenseoftheCompanyisdirector'sremunerationamountingtoRM75,000(31.12.2011: Other benefits Contributions todefinedcontributionplan Gain ondisposalofproperty, plant andequipment and crediting: Rental ofpremises Rental ofplantandequipment Rental offurniture&fitting Realised exchangeloss Directors' remuneration: -overprovisioninprioryear -otherservices -currentyear Auditors' remuneration Property, plantandequipmentwrittenoff Loss ondisposalofproperty,plantandequipment Depreciation

NOTES TOTHEFINANCIALSTATEMENTS FOR THEFINANCIALYEARENDED31DECEMBER2012 12,398,549 14,442,225 31.12.2012 31.12.2012 1,038,818 1,586,265 1,432,513 108,453 348,958 910,460 (10,000) 38,373 75,000 30,000 1,123 1,449 208 RM RM 50 - 11,847,939 13,498,261 31.12.2011 31.12.2011 1,359,001 1,280,235 1,072,744 103,718 987,494 187,603 118,050 29,096 30,000 (5,000) 271 300 RM RM - - - -

93 WOU ANNUAL REPORT 2012 94 WOU ANNUAL REPORT 2012 FOR THEFINANCIALYEARENDED31DECEMBER2012 NOTES TOTHEFINANCIALSTATEMENTS 9. Expenses notdeductiblefortaxpurposes Taxation atMalaysianstatutorytaxrateof25%(31.12.2011:25%) Loss beforetax rate fortheyearsended31December2012and2011areasfollows: The reconciliationofincometaxexpenseandtheproductaccountinglossmultipliedbyapplicablecorporate Income taxexpense Deferred taxassetsnotrecognisedonunutilisedlossesandunabsorbed Utilisation ofcurrentyearbusinesslossforgrouprelief by thetaxauthorities. subject tonosubstantialchangeinshareholdingsoftheCompany undertheIncomeTaxAct,1967andguidelinesissued The unutilisedtaxlossesandunabsorbedcapitalallowances areavailableforoffsettingagainstfuturetaxableprofits Unabsorbed capitalallowancescarriedforward Unutilised taxlossescarriedforward Tax lossesareanalysedasfollows: assessable profitfortheyear. Domestic currentincometaxiscalculatedattheMalaysianstatutoryrateof25%(31.12.2011:25%)estimated Income taxexpenserecognisedinprofitorloss capital allowances 13,074,324 31.12.2012 63,214,460 (2,100,215) (8,400,861) 1,585,465 476,059 38,691 RM

- (17,697,913) 12,646,000 58,280,000 31.12.2011 (4,424,478) 3,662,201 749,658 12,619 RM

- 10. Property, plant and equipment

Furniture, Office and fixtures Capital laboratory Computer and Motor IT Office work-in equipment equipment fittings vehicles Books Infrastructure renovation progress Total RM RM RM RM RM RM RM RM RM 31.12.2012

Cost At 1 January 2012 683,172 2,519,219 295,682 678,522 1,217,205 4,811,862 260,900 258,288 10,724,850 Additions 135,755 66,293 20,876 - 100,630 63,986 107,779 43,316 538,635 Disposals - (264,000) (21,314) - - - - - (285,314)

Written off (145) (12,864) (2,533) - - - - - (15,542) NOTES TOTHEFINANCIALSTATEMENTS At 31 December 2012 818,782 2,308,648 292,711 678,522 1,317,835 4,875,848 368,679 301,604 10,962,629

Accumulated depreciation FOR THEFINANCIALYEARENDED31DECEMBER2012 At 1 January 2012 292,345 2,318,751 105,658 615,487 686,645 4,335,268 39,135 - 8,393,289 Charge for the year 89,948 133,185 30,016 63,035 209,334 315,615 69,327 - 910,460 Disposals - (264,000) (12,424) - - - - - (276,424) Written off (85) (12,864) (1,470) - - - - - (14,419) At 31 December 2012 382,208 2,175,072 121,780 678,522 895,979 4,650,883 108,462 - 9,012,906

Net carrying amount At 31 December 2012 436,574 133,576 170,931 - 421,856 224,965 260,217 301,604 1,949,723

95 WOU ANNUAL REPORT 2012 96 WOU ANNUAL REPORT 2012 FOR THEFINANCIALYEARENDED31DECEMBER2012 NOTES TOTHEFINANCIALSTATEMENTS 10. Property, plant and equipment (contd.)

Furniture, Office and fixtures Capital laboratory Computer and Motor IT Office work-in equipment equipment fittings vehicles Books Infrastructure renovation progress Total RM RM RM RM RM RM RM RM RM 31.12.2011

Cost At 1 January 2011 584,917 2,442,129 294,682 678,522 1,080,658 4,586,934 - - 9,667,842 Additions 98,950 126,303 1,000 - 136,980 224,928 260,900 258,288 1,107,349 Disposals - - - - (265) - - - (265) Written off (695) (49,213) - - (168) - - - (50,076) At 31 December 2011 683,172 2,519,219 295,682 678,522 1,217,205 4,811,862 260,900 258,288 10,724,850

Accumulated depreciation At 1 January 2011 228,951 2,182,608 76,090 508,220 460,148 3,914,454 - - 7,370,471 Charge for the year 63,846 185,356 29,568 107,267 226,758 420,814 39,135 - 1,072,744 Disposals - - - - (150) - - - (150) Written off (452) (49,213) - - (111) - - - (49,776) At 31 December 2011 292,345 2,318,751 105,658 615,487 686,645 4,335,268 39,135 - 8,393,289

Net carrying amount At 31 December 2011 390,827 200,468 190,024 63,035 530,560 476,594 221,765 258,288 2,331,561 12. 11. Manuals andtext books Printing materials Inventories Intangible assets At 1January2012 Cost 31.12.2012 Additions At 31December2012 At 1January2012 Accumulated amortisation Amortisation At 31December2012 At 31December2012 Net carryingamount At 1January2011 Cost 31.12.2011 Additions At 31December2011 At 1January2011 Accumulated amortisation Amortisation At 31December2011 At 31December2011 Net carryingamount Development NOTES TOTHEFINANCIALSTATEMENTS expenditure 4,400,143 5,261,003 2,073,029 2,876,578 2,384,425 3,847,627 4,400,142 1,302,142 2,073,029 2,327,113 860,860 803,549 552,515 770,887 RM FOR THEFINANCIALYEARENDED31DECEMBER2012 2,473,633 2,557,738 2,059,860 2,273,017 2,122,885 2,473,633 1,868,286 2,059,860 Software 213,157 284,721 350,748 191,574 413,773 84,105 RM 31.12.2012 1,089,220 1,056,192 Copyright 125,163 162,703 110,562 132,672 125,163 125,163 110,562 33,028 37,540 22,110 30,031 85,529 25,033 14,601 RM RM - 31.12.2011 1,493,851 1,433,803 6,998,939 7,981,444 4,243,451 1,038,816 5,282,267 2,699,177 6,095,675 6,998,938 3,255,957 4,243,451 2,755,487 982,505 903,263 987,494 60,048 Total RM RM

97 WOU ANNUAL REPORT 2012 98 WOU ANNUAL REPORT 2012 13. FOR THEFINANCIALYEARENDED31DECEMBER2012 NOTES TOTHEFINANCIALSTATEMENTS 14. 16. 15. Deposits Other receivables Total otherreceivables Other receivables Prepayments Other currentassets Total loansandreceivables Cash andbankbalances(Note16) Amount duefromarelatedcompany The interestratesearnedduringthefinancialyearandmaturities ofdepositsasat31December2012arefollows: Fixed depositswithalicensedbank Repo withalicensedbank Cash atbankandonhand Cash andbankbalances Amount duefromarelatedcompanyisunsecured,non-interestbearingandrepayableupondemand. Amount duefromarelatedcompany Deferred expenses Repo Fixed deposits 31.12.2012 2.00-2.80 3.10-3.15 Interest rate% per annum 31.12.2011 2.00-2.80 3.15

31.12.2012 31.12.2012 31.12.2012 31.12.2012 3,538,064 3,333,663 1,600,000 1,393,663 3,333,663 3-30days 157,493 159,758 468,607 468,607 340,000 31days 44,643 2,265 Maturities (days) RM RM RM - 31.12.2011 31.12.2011 31.12.2011 31.12.2011 7,622,711 7,381,895 2,350,000 1,791,895 3,240,000 7,381,895 4-26days 115,586 198,900 538,975 119,098 658,073 31days 83,314 41,916 RM RM RM 18. 17. 18.1 duration ofthecourses. Deferred incomerepresentsunearnedcoursesfee, tuitionfeeandotherincomewhichareamortisedoverthe Provision forunutilisedleave Deferred income Other currentliabilities 17.2 17.1 Total financialliabilitiescarriedatamortisedcost Amount duetoholdingcompany(Note19) Total tradeandotherpayables Other payables Accruals Other payables Third parties Trade payables Trade andotherpayables At 31December (Utilisation)/Addition duringtheyear-net At 1January Provision forunutilisedleave days). Other payables are non-interest bearing and are normally settled on an average term of 30 days (31.12.2011: 30 Other payables (31.12.2011: 30days). Trade payablesarenon-interestbearingandthenormaltradecredittermgrantedtoCompanyis30days Trade payables NOTES TOTHEFINANCIALSTATEMENTS FOR THEFINANCIALYEARENDED31DECEMBER2012 31.12.2012 31.12.2012 31.12.2012 12,560,951 5,680,061 4,409,572 3,240,439 5,892,228 4,234,457 8,151,379 212,167 232,298 212,167 994,018 (20,131) 175,115 RM RM RM 31.12.2011 31.12.2011 31.12.2011 4,995,516 9,379,636 5,557,276 4,384,120 2,924,110 5,789,574 1,256,030 4,180,140 232,298 238,581 232,298 203,980 (6,283) RM RM RM

99 WOU ANNUAL REPORT 2012 100 WOU ANNUAL REPORT 2012 20. 19. FOR THEFINANCIALYEARENDED31DECEMBER2012 NOTES TOTHEFINANCIALSTATEMENTS Share capital investment intheCompany,pendingapprovalfromMinistryofHigherEducation. at partoitsholdingcompany,WawasanEducationFoundation("WEF")onorbefore31December2013asadditional outstanding amountofRM7,500,000willbeconvertedintoadditionalallotmentordinarysharecapitalRM1each The amountduetoholdingcompanyisunsecured,interestfreeandhasnofixedtermofrepayment.However,the Amountduetoholdingcompany At 1January2011 Authorised: At 31December2011 Created duringtheyear At 1January2011 Issued andfullypaid: Issued duringtheyear At 31December2011 At 31December2012 Issued duringtheyear (iii) (ii) (i) be subjecttothefollowingconditions: The IrredeemablePreferenceShares("IPS")shallconferon their holdersthereofthefollowingrightsandprivileges Irredeemable PreferenceShares per shareatmeetingsoftheCompany.Allordinarysharesrank equallywithregardtotheCompany'sresidualassets. The holderofordinarysharesisentitledtoreceivedividends asdeclaredfromtimetoandisentitledonevote or right. return ofcapital inprioritytoallothershares forthetimebeingofCompany. Thereisnofixeddividend rate declared bythe Board ofDirectorstheCompany. SuchIPSshallrankinregards topaymentofdividend and The righttoreceiveoutofthe profitsoftheCompany'sdividendsamountwhich shallbedeterminedand ranking equallywitheachother. IPS intrancheswillnotbedeemed tovarytherightsofexistingIPSissuedbycreation or issuanceoffurtherIPS All IPSissuedshallrankparri-passu orequallywitheachotherregardlessofthedateissuance. Theissuanceof The IPSarenotredeemableandconvertibleintoordinaryshares oftheCompany. 150,000,000 150,000,000 60,000,000 12,000,000 72,000,000 72,000,000 RM 1each shares of Ordinary Number ofshares - - Irredeemable 50,000,000 50,000,000 Preference RM 1each shares of ------150,000,000 150,000,000 60,000,000 12,000,000 72,000,000 72,000,000 Ordinary shares RM Amount - - Irredeemable 50,000,000 50,000,000 Preference shares RM ------20. (vii) (vi) (v) (iv) Irredeemable PreferenceShares(contd.) Share capital(contd.) - - other sharesinthecapitalofCompany,of: The rightonwinding-uporotherreturnofcapitaltorepayment togetherwiththedividend,toholdersofany declared. The IPSholdersarenotentitledtoparticipateinthedistributionofsurplusassetsandprofitbeyonddividends confer nofurtherrightstovoteorparticipateintheprofitsassetsofCompany. present inpersonorbyproxyshallhaveonevoteforeveryIPSheldtheholder.Saveasaforesaid On ashowofhandseveryholderIPSpresentinpersonshallhaveonevoteandonpollsuch - - - - any generalmeetingoftheCompanyorbywaywrittennoticeif: The IPSholdersshallhavetherighttoreceivenotice,of,bepresentandvote,eitherinpersonorbyproxy,at meetings. Subject toSection148oftheCompaniesAct,1965IPSholdersshallnothaveanyrightvoteatgeneral calculated downtothedateofsuchrepayment. any arrearsoraccrualsofthefixeddividendsonIPSheld bythem,whetherdeclaredorearned,not, the amountspaiduponIPSheldbythem(includingany premium);and any resolutionisproposedtoreducetheCompany'ssharecapital. special rightsandprivilegesattachingtotheIPSor; the propositiontobesubmittedmeetingthatabrogatesorvariesotherwisedirectlyeffects resolution forwinding-up;or then voteatsuchgeneralmeetingontheelectionofachairmanandanymotionforadjournment any resolution is proposed for the winding-up of the Company,in which casethe IPS holdersmay only the dateofdeclarationdividends;or have beendeclaredbytheBoardofDirectorsCompanyremainsunpaidformorethan12monthsafter at thedateofnoticeorrequisitiontoconvenemeetingwheredividendsanypartthereofwhich NOTES TOTHEFINANCIALSTATEMENTS FOR THEFINANCIALYEARENDED31DECEMBER2012

101 WOU ANNUAL REPORT 2012 102 WOU ANNUAL REPORT 2012 21. FOR THEFINANCIALYEARENDED31DECEMBER2012 NOTES TOTHEFINANCIALSTATEMENTS Property, plantandequipment Deferred taxliabilities Unabsorbed capitalallowances Deferred taxassets Property, plantandequipment Deferred taxliabilities follows: The componentsandmovementsofdeferredtaxliabilitiesassetsduringthefinancialyearpriortooffsettingareas Deferred taxassets Deferred taxliabilities Presented afterappropriateoffsettingasfollows: Deferred tax Deferred tax Unabsorbed capitalallowances Deferred taxassets 1January 1January (846,100) (882,248) 846,100 882,248 2011 2012 RM RM At At

- - Recognised Recognised 31.12.2012 (676,684) inprofit inprofit (205,564) 205,564 676,684 (36,148) 36,148 orloss orloss RM RM RM

- - - - 31 December 31 December 31.12.2011 (882,248) (882,248) (676,684) 676,684 882,248 882,248 2011 2012 RM RM RM At At

- - - - 22. 21. (b) (a) Commitments 21.1 Deferred tax(contd.) Later than5years Between 1yearto5years Not laterthan1year Future minimumrentalsreceivableundernon-cancellableoperating leasesatthereportingdateareasfollows: years. Education Foundation.Thesenon-cancellablesub-leaseshave remainingleasetermsofbetweentwoandthirty The Companyhasenteredintosub-leasesonpropertiesleased fromitsultimateholdingcompany,Wawasan Operating leasecommitments-aslessor Later than5years Between 1yearto5years Not laterthan1year Future minimumrentalspayableundernon-cancellableoperatingleasesatthereportingdateareasfollows: Operating leasecommitments-aslessee Other deductibletemporarydifferences Unabsorbed capitalallowances Unutilised businesslosses Deferred taxassetshavenotbeenrecognisedinrespectofthefollowingitems: Deferred taxassetsnotrecognised NOTES TOTHEFINANCIALSTATEMENTS FOR THEFINANCIALYEARENDED31DECEMBER2012 10,368,000 31.12.2012 31.12.2012 31.12.2012 63,216,000 2,891,375 1,440,735 1,198,978 1,059,592 2,748,970 883,269 567,371 490,400 67,000 RM RM RM

58,280,000 31.12.2011 31.12.2011 31.12.2011 1,822,160 1,502,954 1,597,720 9,117,000 100,197 219,009 589,080 469,200 539,440 70,000 RM RM RM

103 WOU ANNUAL REPORT 2012 104 WOU ANNUAL REPORT 2012

23. FOR THEFINANCIALYEARENDED31DECEMBER2012 NOTES TOTHEFINANCIALSTATEMENTS (b) (a) Related partydisclosures - Definedcontributionplan Post-employment benefits: Short termemployeebenefits The remunerationofdirectorsandothermemberskeymanagementduringtheyearwasasfollows: Compensation ofkeymanagementpersonnel Director's remuneration Included inthetotalcompensationofkeymanagementpersonnel are: disclosed inNote15and19. Information regardingoutstandingbalancesarisingfromrelatedpartytransactionsasat31December2012are University developmentoperatinggrantreceivedfrom Tax lossutilisedbyarelatedcompany Shared expensespaidbyarelatedcompany Rental receivedfromarelatedcompany Rental paidtoarelatedparty Rental paidtoarelatedcompany Rental paidtoholdingcompany Advances fromholdingcompany transactions withrelatedpartiesduringthefinancialyear: In additiontothetransactionsdetailedelsewhereinfinancialstatements,Companyhasfollowing holding company

31.12.2012 31.12.2012 5,000,000 2,500,000 551,896 612,697 761,900 476,059 198,000 60,801 75,000 86,940 57,960 76,877 RM RM

13,400,000 31.12.2011 31.12.2011 882,781 979,966 761,900 118,050 749,658 163,793 148,500 97,185 86,940 54,860 RM RM

- 24. 25. (a) Fair valueoffinancialinstruments Company doesnotapplyhedge accounting. instruments shallbeundertaken except forthe use ofhedginginstrumentswhereappropriateand cost-efficient. The It is,andhasbeenthroughout theyearunderreview,Company’spolicythatno tradinginderivativefinancial liquidity risk.TheBoardreviewsandagreespoliciesformanaging eachoftheserisksandtheyaresummarisedbelow. development oftheCompany’sbusinesseswhilstmanaging itscreditrisk,interestrateforeigncurrencyriskand The Company'sfinancialriskmanagementpolicyseekstoensure thatadequatefinancialresourcesareavailableforthe Financial riskmanagementobjectivesandpolicies the Company,pendingapprovalfromMinistryofHigher Education. holding company,WawasanEducationFoundation("WEF") on orbefore31December2013asadditionalinvestmentin amount ofRM7,500,000willbeconvertedintoadditionalallotment ofordinarysharecapitalRM1eachatpartoits The carryingamountofduetoholdingcompanyisareasonableapproximationfairvalueastheoutstanding Amount duetoholdingcompany (b) their short-termnature. The carryingamountsofthesefinancialassetsandliabilitiesarereasonableapproximationfairvaluesdueto Trade andotherpayables(current) Amount duefromarelatedcompany Other receivables(current) reasonable approximationoffairvalue: The followingareclassesoffinancialinstrumentsthatnotcarriedatfairvalueandwhosecarryingamounts of fairvalue Financial instrumentsthatarenotcarriedatfairvalueandwhosecarryingamountsreasonableapproximation Determination offairvalue approximation offairvalue. instruments byclassesthatarenotcarriedatfairvalueandwhosecarryingamountsreasonable As at31December2012,theCompanydoesnothaveanyfinancialinstrumentswherefairvalueof reasonable approximationoffairvalue Fair value of financial instruments by classes that are not carried at fair value and whose carrying amounts are not NOTES TOTHEFINANCIALSTATEMENTS FOR THEFINANCIALYEARENDED31DECEMBER2012 Note 17 15 13

105 WOU ANNUAL REPORT 2012 106 WOU ANNUAL REPORT 2012 25. FOR THEFINANCIALYEARENDED31DECEMBER2012 NOTES TOTHEFINANCIALSTATEMENTS (d) (c) (b) (a) objectives, policiesandprocessesforthemanagementoftheserisks. The followingsectionsprovidedetailsregardingtheCompany'sexposuretoabove-mentionedfinancialrisksand Financial riskmanagementobjectivesandpolicies(contd.) maintains sufficientlevelsofcash orcashconvertibleinvestmentstomeetitsworkingcapital requirements. that allrepaymentandfunding needsaremet.Aspartofitsoverallprudentliquiditymanagement, theCompany The Companymanagesitsdebt maturityprofile,operatingcashflowsandtheavailabilityof fundingsoastoensure of funds. Liquidity riskisthethatCompanywillencounterdifficulty inmeetingfinancialobligationsduetoshortage Liquidity risk reporting date. There arenobalancesdenominatedinacurrencyotherthan thefunctionalcurrencyofCompanyasat ("USD") andCanadianDollars("CAD"). the Company.Theforeigncurrenciesinwhichthesetransactions aredenominatedmainlyUnitedStatesDollars Development ResearchCentre(IDRC)thataredenominatedinacurrencyotherthanthefunctionalof The CompanyhastransactionalcurrencyexposurearisingfromthegrantreceivedInternational because ofchangesinforeignexchangerates. Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate Foreign currencyrisk in nature. bearing assetsasat31December2012.Theinvestmentsinfinancialaremainlyshorttermandfixedrate The Companyhadnointerestrateriskrelatingtobearingdebtandsubstantiallongterm fluctuate becauseofchangesinmarketinterestrates. Interest rateriskisthethatfairvalueorfuturecashflowsofCompany'sfinancialinstrumentswill Interest raterisk any majorconcentrationofcreditriskrelatedtofinancialinstruments. The Companydoesnothaveanysignificantexposuretoindividualcustomerorcounterpartynorit its obligations. Credit riskistheoflossthatmayariseonoutstandingfinancialinstrumentsshouldacounterpartydefault Credit risk 25. 26. (d) Financial riskmanagementobjectivesandpolicies(contd.) 31 December2012, 2011and1January2011. shareholders orissuenewshares. Nochangesweremadeintheobjectives,policiesorprocesses duringtheyearsended maintain oradjustthecapitalstructure, theCompanymayadjustdividendpaymentto shareholders,returncapitalto The Companymanagesitscapital structureandmakesadjustmentstoit,inlightofchanges ineconomicconditions.To healthy capitalratiosinordertosupportitsbusinessandmaximise shareholdervalue. The primaryobjectiveoftheCompany'scapitalmanagement istoensurethatitmaintainsastrongcreditratingand Capital management contractual undiscountedrepaymentobligations. The tablebelowsummarisesthematurityprofileofCompany’sliabilitiesatreportingdatebasedon Analysis offinancialinstrumentsbyremainingcontractualmaturities Liquidity risk(contd.) Amount duetoholdingcompany - current Trade andotherpayables Amount duetoholdingcompany - current Trade andotherpayables NOTES TOTHEFINANCIALSTATEMENTS On demand On demand 12,560,951 4,995,516 4,384,120 9,379,636 orwithin orwithin 8,151,379 4,409,572 one year one year FOR THEFINANCIALYEARENDED31DECEMBER2012 five years five years One to One to 31.12.2012 31.12.2011 ------Over five Over five years years ------12,560,951 4,995,516 4,384,120 9,379,636 8,151,379 4,409,572 Total Total

107 WOU ANNUAL REPORT 2012 108 WOU ANNUAL REPORT 2012 27. FOR THEFINANCIALYEARENDED31DECEMBER2012 NOTES TOTHEFINANCIALSTATEMENTS statements, MOHEhasyettogranttheCompanyapprovalacquireDPPSB. related company,DistedPulauPinangSdn.Bhd.("DPPSB")fromitsholdingcompany.Asofthedatethesefinancial The CompanyhasappliedtotheMinistryofHigherEducation("MOHE")forapprovalacquireallsharesina Significant event WAWASAN OPEN UNIVERSITY 54 Jalan Sultan Ahmad Shah, 10050 Penang Tel : 04 218 0333 wou.edu.my 1-300-888-968 (WOU)