2012/13 Annual Report
Total Page:16
File Type:pdf, Size:1020Kb
Annual Report 2012/13 Annual Report 2012/13 password####58600 Contents Corporate Information 02 Profile of Board of Directors 04 Profile of Senior Management 09 Chairman’s Statement 12 Management Discussion and Analysis 18 Corporate Social Responsibility 23 Major Awards of the Year 26 Significant Events 32 Statement on Corporate Governance 36 Statement on Risk Management and Internal Control 59 Audit Committee Report 62 Report of the Directors 67 Statement of Directors’ Responsibilities in relation to the Financial Statements 79 Independent Auditor’s Report 80 Consolidated Income Statement 82 Consolidated Statement of Comprehensive Income 83 Consolidated Statement of Financial Position 84 Statement of Financial Position 86 Consolidated Statement of Changes in Equity 87 Consolidated Statement of Cash Flows 89 Notes to the Financial Statements 90 Supplementary Information 164 Additional Compliance Information 165 Five-Year Financial Summary 166 Additional Information 167 Analysis of Shareholdings 175 List of Properties 178 Notice of the 23rd Annual General Meeting 179 Statement Accompanying Notice of Annual General Meeting 184 Corporate Information EXECUTIVE DIRECTORS NOMINATION COMMITTEE Tan Sri Datuk Sir TIONG Hiew King (Group Executive Chairman) Temenggong Datuk Kenneth Kanyan Dato’ Sri Dr TIONG Ik King ANAK TEMENGGONG KOH (Chairman) Mr TIONG Kiew Chiong (Group Chief Executive Officer) Mr David YU Hon To Mr NG Chek Yong Tan Sri Dato’ LAU Yin Pin Mr LEONG Chew Meng JOINT COMPANY SECRETARIES NON-EXECUTIVE DIRECTOR Ms LAW Yuk Kuen Ms TIONG Choon Ms TONG Siew Kheng INDEPENDENT NON-EXECUTIVE DIRECTORS PRINCIPAL BANKERS Mr David YU Hon To The Hongkong and Shanghai Banking Corporation Limited Tan Sri Dato’ LAU Yin Pin Hang Seng Bank Limited Temenggong Datuk Kenneth Kanyan RHB Bank Berhad ANAK TEMENGGONG KOH HSBC Bank Malaysia Berhad OCBC Bank (Malaysia) Berhad GROUP EXECUTIVE COMMITTEE Malayan Banking Berhad Mr NG Chek Yong (Chairman) AUDITOR Mr TIONG Kiew Chiong Ms SIEW Nyoke Chow PricewaterhouseCoopers Mr LEONG Chew Meng Mr ONG See Boon STOCK CODE AUDIT COMMITTEE The Stock Exchange of Hong Kong Limited 685 Bursa Malaysia Securities Berhad 5090 Mr David YU Hon To (Chairman) Tan Sri Dato’ LAU Yin Pin WEBSITE Temenggong Datuk Kenneth Kanyan ANAK TEMENGGONG KOH www.mediachinesegroup.com REMUNERATION COMMITTEE Tan Sri Dato’ LAU Yin Pin (Chairman) Mr David YU Hon To Temenggong Datuk Kenneth Kanyan ANAK TEMENGGONG KOH Mr TIONG Kiew Chiong Mr NG Chek Yong 02 MEDIA CHINESE INTERNATIONAL LIMITED (MALAYSIA COMPANY NO. 995098-A) Corporate Information HONG KONG HEAD OFFICE AND PRINCIPAL REGISTRAR AND PRINCIPAL PLACE OF BUSINESS TRANSFER OFFICE 15th Floor, Block A Butterfield Fulcrum Group (Bermuda) Limited Ming Pao Industrial Centre 26 Burnaby Street 18 Ka Yip Street Hamilton HM11 Chai Wan Bermuda Hong Kong Tel: (852) 2978 5656 Tel: (852) 2595 3111 Fax: (852) 2530 5152 Fax: (852) 2898 2691 HONG KONG BRANCH REGISTRAR AND MALAYSIA HEAD OFFICE AND TRANSFER OFFICE PRINCIPAL PLACE OF BUSINESS Tricor Tengis Limited No. 19, Jalan Semangat 26th Floor, Tesbury Centre 46200 Petaling Jaya 28 Queen’s Road East Selangor Darul Ehsan Wan Chai Malaysia Hong Kong Tel: (603) 7965 8888 Tel: (852) 2980 1333 Fax: (603) 7965 8689 Fax: (852) 2861 0285 REGISTERED OFFICE IN BERMUDA MALAYSIA BRANCH REGISTRAR AND TRANSFER OFFICE Canon’s Court 22 Victoria Street Tricor Investor Services Sdn Bhd Hamilton HM12 Level 17, The Gardens North Tower Bermuda Mid Valley City Tel: (441) 295 1443 Lingkaran Syed Putra Fax: (441) 292 8666 59200 Kuala Lumpur Malaysia REGISTERED OFFICE IN MALAYSIA Tel: (603) 2264 3883 Fax: (603) 2282 1886 Level 8, Symphony House Block D13, Pusat Dagangan Dana 1 Jalan PJU 1A/46 47301 Petaling Jaya Selangor Darul Ehsan Malaysia Tel: (603) 7841 8000 Fax: (603) 7841 8199 ANNUAL REPORT 2012/13 03 Profile of Board of Directors Tan Sri Datuk Sir TIONG Hiew King 丹斯里拿督張曉卿爵士 Group Executive Chairman and Executive Director 集團執行主席及執行董事 Malaysian, aged 79, was appointed as the Chairman of Media Chinese 馬來西亞公民,79歲,於1995年10月20日獲委任 International Limited (the “Company”) on 20 October 1995. He was also 為世界華文媒體有限公司(「本公司」)主席,他亦於 appointed as the Chairman of One Media Group Limited (“One Media”) on 1 2012年4月1日獲委任為萬華媒體集團有限公司(「萬 April 2012, a subsidiary of the Company publicly listed on the main board of 華媒體」)之主席。萬華媒體為本公司之附屬公司, The Stock Exchange of Hong Kong Limited (the “HK Stock Exchange”) (stock 於香港聯合交易所有限公司(「香港聯交所」)主板上 code: 426). Tan Sri Datuk Sir TIONG Hiew King is also the Executive Chairman 市(股份代號:426)。丹斯里拿督張曉卿爵士亦為馬 of Rimbunan Hijau Group, a large diversified conglomerate in Malaysia 來西亞大型多元化綜合企業常青集團之執行主席, comprising timber harvesting, processing and manufacturing of timber 該集團在全球擁有採伐、加工及製造木材產品、林 products, plantations and other businesses around the world. He has 業及其他業務。他在多個行業均有豐富經驗,包括 extensive experience in a number of industries, including media and 傳媒及出版、木材、油棕林業、氣油、礦業、漁業、 publishing, timber, oil palm plantations and mills, oil and gas, mining, fishery, 資訊科技及製造業等。他是在巴布亞新畿內亞出版 information technology and manufacturing. He is the founder of an English 之英文報章《The National《《創辦人,也是世界中文 newspaper named The National in Papua New Guinea and is currently the 報業協會有限公司之現任會長。他於2009年6月獲 President of The Chinese Language Press Institute Limited. He was bestowed 英女皇伊利沙伯二世冊封爵級司令勳章(K.B.E.),以 the Knight Commander of the Most Excellent Order of the British Empire 嘉許他對商界、社會及慈善機構之貢獻 。他也於 (K.B.E.) by Queen Elizabeth II of the United Kingdom in June 2009 in 2010年榮獲吉隆坡馬來商聯會頒授「2010年度馬來 recognition of his contribution to commerce, community and charitable 西亞商業領袖大獎一終生成就獎」,以表揚彼之企業 organisations. In 2010, he was awarded “Malaysia Business Leadership Award 成就及對國家之貢獻。 2010 — The Lifetime Achievement Award” by the Kuala Lumpur Malay Chamber of Commerce in recognition of his entrepreneurship and his contribution to the country. Tan Sri Datuk Sir TIONG Hiew King is the Executive Chairman of Sin Chew 丹斯里拿督張曉卿爵士是本公司馬來西亞全資附屬 Media Corporation Berhad (“Sin Chew”), a wholly-owned subsidiary of the 公司星洲媒體集團有限公司(「星洲媒體」)之執行主 Company in Malaysia. He currently serves as the Executive Director of 席。他現任馬來西亞上市公司常青油棕有限公司(股 Rimbunan Sawit Berhad (stock code: 5113), a listed company in Malaysia and 份代號:5113)之執行董事及新加坡上市公司常青石 as the Executive Chairman of RH Petrogas Limited (stock code: T13), a listed 油及天然氣有限公司(股份代號:T13)之執行主席。 company in Singapore. He is a trustee of Yayasan Sin Chew and also a 他是星洲日報基金會信託人,同時也出任多間其他 director of other private limited companies, some of which being subsidiaries 私人有限公司(部分為本公司之附屬公司)之董事。 of the Company. He is the father of Ms TIONG Choon, the brother of Dato’ Sri Dr TIONG Ik King 丹斯里拿督張曉卿爵士是張聰女士之父親、拿督斯 and the distant relative of Mr TIONG Kiew Chiong, all of whom are directors of 里張翼卿醫生之胞兄及張裘昌先生之遠房親戚,他 the Company. In addition, Dato’ Sri Dr TIONG Ik King is a substantial 們均為本公司董事。此外,拿督斯里張翼卿醫生為 shareholder of the Company. 本公司之主要股東。 04 MEDIA CHINESE INTERNATIONAL LIMITED (MALAYSIA COMPANY NO. 995098-A) Profile of Board of Directors Dato’ Sri Dr TIONG Ik King 拿督斯里張翼卿醫生 Executive Director 執行董事 Malaysian, aged 62, was appointed as an executive director of the Company 馬來西亞公民,62歲,於1995年10月20日獲委任 on 20 October 1995. He has extensive experience in media and publishing, 為本公司執行董事。他在傳媒及出版、資訊科技、 information technology, timber, plantations, oil palm and manufacturing 木材、林業、油棕及製造業等領域均擁有豐富經驗。 industries. Dato’ Sri Dr TIONG graduated from National University of Singapore 拿督斯里張翼卿醫生於1975年畢業於新加坡國立大 with an M.B.B.S. Degree in 1975 and became a member of the Royal College 學,獲頒醫學學士學位,並於1977年取得英國皇家 of Physicians, United Kingdom (M.R.C.P.) in 1977. He was conferred the 內科醫師學會會員資格。於2008年10月24日,拿 datukship title of Dato’ Sri by the Sultan of Pahang, Malaysia on 24 October 督斯里張翼卿醫生獲馬來西亞彭亨州蘇丹頒授拿督 2008 in recognition of his contribution to the country. 斯里封號,以表揚他對國家之貢獻。 During the three-year period immediately preceding 31 March 2013, Dato’ Sri 截至2013年3月31日前三年期間,拿督斯里張翼卿 Dr TIONG had been and resigned as a non-independent non-executive 醫生曾任及其後辭任馬來西亞之國貿資本有限公司 director of EON Capital Berhad (stock code: 5266) in Malaysia. He currently (股份代號:5266)非獨立非執行董事。他現任馬來 sits on the board of Jaya Tiasa Holdings Berhad (stock code: 4383), a listed 西亞上市公司常成控股有限公司(股份代號:4383) company in Malaysia and RH Petrogas Limited (stock code: T13), a listed 及新加坡上市公司常青石油及天然氣有限公司(股份 company in Singapore. He also serves as a director in other private limited 代號:T13)之董事。他也出任其他私人有限公司之 companies. 董事。 He is the brother of Tan Sri Datuk Sir TIONG Hiew King, the uncle of Ms TIONG 他是丹斯里拿督張曉卿爵士之胞弟、張聰女士之叔 Choon and the distant relative of Mr TIONG Kiew Chiong, all of whom are 父,也是張裘昌先生之遠房親戚,他們均為本公司 directors of the Company. In addition, Tan Sri Datuk Sir TIONG Hiew King is a 董事。此外,丹斯里拿督張曉卿爵士為本公司之主 substantial shareholder of the Company. 要股東。 Mr TIONG Kiew Chiong 張裘昌先生 Executive Director and Group Chief Executive Officer 執行董事兼集團行政總裁 Malaysian, aged 53, was appointed as an executive director of the Company 馬來西亞公民,53歲,於1998年5月2日獲委任為 on 2 May 1998. He is currently the Group Chief Executive Officer, a member 本公司執行董事。他目前為集團行政總裁,本公司 of the Group Executive Committee and Remuneration Committee of the 之集團行政委員會及薪酬委員會成員。張裘昌先生 Company. Mr TIONG is also the Deputy Chairman of One Media, a subsidiary 也是萬華媒體之副主席。該公司是本公司附屬公司, of the Company which has been publicly listed on the main board of the HK 自2005年10月起在香港聯交所主板上巿(股份代號: Stock Exchange (stock code: 426) since October 2005. He has extensive 426)。他在傳媒及出版業擁有豐富經驗。他於1993 experience in media and publishing business and is also one of the founders 年在巴布亞新畿內亞參與創辦英文報章《The of The National, an English newspaper in Papua New