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ContentsCorporate StructureMission StatementBoard of Directors
Statement on Corporate Governance
Appendix I
2456816192132394347119123127131
132
Twentieth (20th)Annual General
Meeting
LocationDewan Presiden
Kelab Golf Negara SubangJalan SS7/2
Kelana Jaya47301 Petaling Jaya
Selangor Darul Ehsan
TimeTuesdayJune 18, 2013at 10.00 a.m.
THETA EDGE BERHAD (260002-W)2
BOARD OF DIRECTORS
TAN SRI DATO' HASHIM BIN MEON
DATUK HJ. ABDUL AZEEZ BIN ABDUL RAHIM
DATO' SYED SALEH BIN SYED ABDUL RAHMAN
MOHAMED RIDZA BIN MOHAMED ABDULLA
ADI AZUAN BIN ABDUL GHANI
NOR BADLI MUNAWIR BIN MOHAMAD ALIAS LAFTI
RICHARD GEORGE AZLAN BIN ABAS
A. SHUKOR BIN S.A. KARIM
AUDIT & RISK MANAGEMENT COMMITTEE
MOHAMED RIDZA BIN MOHAMED ABDULLA
DATUK HJ. ABDUL AZEEZ BIN ABDUL RAHIM
ADI AZUAN BIN ABDUL GHANI
NOR BADLI MUNAWIR BIN MOHAMAD ALIAS LAFTI
NOMINATION COMMITTEE
NOR BADLI MUNAWIR BIN MOHAMAD ALIAS LAFTI
MOHAMED RIDZA BIN MOHAMED ABDULLA
REMUNERATION COMMITTEE
ADI AZUAN BIN ABDUL GHANI
MOHAMED RIDZA BIN MOHAMED ABDULLA
NOR BADLI MUNAWIR BIN MOHAMAD ALIAS LAFTI
Corporate Information
Annual Report 2012 3
COMPANY SECRETARIES
CYNTHIA GLORIA LOUIS CHEW MEI LING
REGISTERED OFFICE
Bangunan C, Peremba Square
40150 Shah AlamSelangor Darul Ehsan
AUDITORS
Wong Weng Foo & CoChartered Accountants41, Damai Complex
50400 Kuala Lumpur
Fax : 603 4041 3141
SHARE REGISTRAR
Tricor Investor Services Sdn BhdLevel 17, The Gardens North TowerMid Valley City, Lingkaran Syed Putra
PRINCIPAL BANKER
AmIslamic Bank Berhad
STOCK EXCHANGE LISTING
Stock Name : THETAStock Code : 9075Stock Code : 9075WA
WEBSITE
www.theta-edge.com
Corporate Informationcont’d
THETA EDGE BERHAD (260002-W)4
100%
100%
100%
100%
100%
50%100%
100%
100%
100%
Corporate Structure
Annual Report 2012 5
THETA EDGEWILL BE A SUSTAINABLE
BUSINESSAND WILL BE PROFITABLE
BY HAVING LOYAL CUSTOMERS AND COMMUNITIES. WE
WILL DELIVER PRODUCTS AND SERVICES AND CREATE
INTELLECTUAL PROPERTIES
THAT ARE RELEVANT TOADDRESS THESE CUSTOMERS
AND COMMUNITIES.
Mission Statement
THETA EDGE BERHAD (260002-W)6
1. TAN SRI DATO’ HASHIM BIN MEON2. DATUK HJ. ABDUL AZEEZ BIN ABDUL RAHIM3. DATO’ SYED SALEH BIN SYED ABDUL RAHMAN 4. MOHAMED RIDZA BIN MOHAMED ABDULLA
2
3 4
1
Board of DirectorsTHETA EDGE BERHAD (260002-W)6
Annual Report 2012 7
5
5. ADI AZUAN BIN ABDUL GHANI6. NOR BADLI MUNAWIR BIN MOHAMAD ALIAS LAFTI 7. RICHARD GEORGE AZLAN BIN ABAS 8. A. SHUKOR BIN S.A. KARIM
65
7 8
Board of Directorscont’d
Annual Report 2012 7
Profile of the Board of Directors
TAN SRI DATO’ HASHIM BIN MEON
Tan Sri Dato’ Hashim Meon, aged 66, a Malaysian, was appointed to the Board of Theta Edge
THETA EDGE BERHAD (260002-W)8
Profile of the Board of Directorscont’d
DATUK HJ. ABDUL AZEEZ BIN ABDUL RAHIM
Annual Report 2012 9
Profile of the Board of Directorscont’d
DATO’ SYED SALEH BIN SYED ABDUL RAHMAN
THETA EDGE BERHAD (260002-W)10
Profile of the Board of Directorscont’d
Annual Report 2012 11
MOHAMED RIDZA BIN MOHAMED ABDULLA
Profile of the Board of Directorscont’d
THETA EDGE BERHAD (260002-W)12
ADI AZUAN BIN ABDUL GHANI
Profile of the Board of Directorscont’d
Annual Report 2012 13
NOR BADLI MUNAWIR BIN MOHAMAD ALIAS LAFTI
Profile of the Board of Directorscont’d
THETA EDGE BERHAD (260002-W)14
RICHARD GEORGE AZLAN BIN ABAS
Profile of the Board of Directorscont’d
Annual Report 2012 15
A. SHUKOR BIN S.A. KARIM
THETA EDGE BERHAD (260002-W)16 TTHETHETHHETHEEHETT ETTHHETHETTHHEETATATA TAAAATAATATATATTTAAAA EEEDDDGDGDDGGGGEDDDGGGGGEEDDDDGGGDGDGEDDGGGEEDDGGGEDGEDGED E BEEEE BE BE BE BBBEE BBE BBEE BBBBEE BE BBBE BEEEERRERHRRHHRHEEEERERRHHEEERHHHEERRRRRHEERERHHAAAADADADADADADDDDDDDADD ((2(26(266((26((2226(262226(( 00000000000000000000000000000000000000000000000000000000 222 WW2-WWW2-W222 W2-W2-WWW2-W2-WWW22 W2 WW))))))161161666661161666116666116661
CHAIRMAN’SSTATEMENT
Dear Valued Shareholdersand Stakeholders,
On behalf of the Board of Directors,I am pleased to present our2012 Annual Report.
PERFORMANCE
THETA EDGE BERHAD (260002-W)16
Annual Report 2012 17
Chairman's Statementcont’d
INDUSTRY PROSPECTS
the Industry as a whole and the Theta Group with the increased number of players, diminishing margins and
industry on the other hand is expected to remain strong
which will increase not only the internet speed, but also
more users and businesses in tandem with the expected
The business and society landscape are being
which will form the basis of the future technology
its current businesses, its medium to long term plans
THETA EDGE BERHAD (260002-W)18
Chairman's Statementcont’d
CORPORATE DEVELOPMENT
to ensure that resources are aligned to meet strategic
ACKNOWLEDGEMENTS
TAN SRI DATO’ HASHIM BIN MEONChairman
Annual Report 2012 19
Corporate Social Responsibility Statement
The Group recognises that the engagement of all stakeholders
EMPLOYEE WELFARE AND DEVELOPMENT
of the Performance Management System has been adopted
CONTRIBUTION TO THE COMMUNITY
September 2012
2012
THETA EDGE BERHAD (260002-W)20
Corporate Social Responsibility Statementcont’d
COMMITMENT TO CUSTOMERS
ENVIRONMENTAL AWARENESS
CORPORATE GOVERNANCE
stakeholders based on the principles of fairness, transparency
to the highest ethical standards and to conduct business with the
Annual Report 2012 21
Statement on Corporate Governance
BOARD OF DIRECTORS
The Company is led and managed by an experienced Board comprising members with a wide range of experience in
THETA EDGE BERHAD (260002-W)22
The Chairman is primarily responsible for the proper conduct and working of the Board whilst the Group Managing
Statement on Corporate Governance cont’d
Annual Report 2012 23
Tan Sri Dato’ Hashim bin Meon
6
Dato’ Syed Saleh bin Syed Abdul Rahman
Statement on Corporate Governance cont’d
THETA EDGE BERHAD (260002-W)24
Statement on Corporate Governance cont’d
Annual Report 2012 25
(Chairman)
(Member)
(Member)
(Member)
(Chairman)
(Member)
Statement on Corporate Governance cont’d
THETA EDGE BERHAD (260002-W)26
Statement on Corporate Governance cont’d
Annual Report 2012 27
Statement on Corporate Governance cont’d
(Chairman)
(Member)
(Member)
THETA EDGE BERHAD (260002-W)28
Statement on Corporate Governance cont’d
DIRECTORS’ REMUNERATION
(RM) (RM) (RM) (RM) (RM)
-
- -
2
2
1
1
Annual Report 2012 29
Statement on Corporate Governance cont’d
RELATIONSHIP WITH SHAREHOLDERS
THETA EDGE BERHAD (260002-W)30
ACCOUNTABILITY AND AUDIT
Statement on Corporate Governance cont’d
Annual Report 2012 31
Statement on Corporate Governance cont’d
STATEMENT ON COMPLIANCE WITH BEST PRACTICES OF THE CODE
THETA EDGE BERHAD (260002-W)32
Audit and Risk Management Committee Report
AUDIT AND RISK MANAGEMENT COMMITTEE COMPOSITION AND MEETINGS
Tan Sri Dato’ Hashim bin Meon
Annual Report 2012 33
Audit and Risk Management Committee Report cont’d
THETA EDGE BERHAD (260002-W)34
Audit and Risk Management Committee Report cont’d
Annual Report 2012 35
Audit and Risk Management Committee Report cont’d
THETA EDGE BERHAD (260002-W)36
Audit and Risk Management Committee Report cont’d
Annual Report 2012 37
Audit and Risk Management Committee Report cont’d
THETA EDGE BERHAD (260002-W)38
Audit and Risk Management Committee Report cont’d
INTERNAL AUDIT FUNCTION
Annual Report 2012 39
Statement on Risk Management and Internal Control
INTRODUCTION
all listed companies to establish and maintain a sound risk management framework and internal control system to
BOARD RESPONSIBILITY
THETA EDGE BERHAD (260002-W)40
Statement on Risk Management and Internal Control cont’d
INTERNAL CONTROL STRUCTURE
Annual Report 2012 41
Statement on Risk Management and Internal Control cont’d
OTHER KEY ELEMENTS OF THE GROUP’S SYSTEM OF INTERNAL CONTROL
THETA EDGE BERHAD (260002-W)42
Statement on Risk Management and Internal Control cont’d
CONCLUSION
Annual Report 2012 43
Additional Compliance Information
31.12.2012
RM'000 RM'000 RM'000
capital expenditure
1,000
30,487 12,645 17,842
THETA EDGE BERHAD (260002-W)44
Additional Compliance Information cont’d
The amount of non-audit fees paid and payable to the external auditors, Messrs Wong Weng Foo & Co by the
th
Annual Report 2012 45
Additional Compliance Information cont’d
Group is RRPT (RM)
Lembaga
Group
(Recipient)
(i) Theta Group bin Abdul Ghani, Tan
Sri Dato' Hashim bin Meon and Dato’ Syed Saleh bin Syed Abdul Rahman
(ii)
(iii)
Lembaga
(Landlord)
Theta Group
(Tenant)
bin Abdul Ghani, Tan Sri Dato' Hashim bin Meon and Dato’ Syed Saleh bin Syed Abdul Rahman
Directors’ Report
Consolidated Statements of Comprehensive IncomeConsolidated Statements of Changes in EquityConsolidated Statements of Cash Flows
Statements of Comprehensive IncomeStatements of Changes in EquityStatements of Cash FlowsNotes to the Financial StatementsDirectors’ Statement
Independent Auditors’ Report
48545657586162636466116116117
FinancialStatements
THETA EDGE BERHAD (260002-W)48
Directors’ Report
PRINCIPAL ACTIVITIES
RESULTS
Group Company
RM’000 RM’000
DIVIDEND
RESERVES AND PROVISIONS
ISSUE OF SHARES OR DEBENTURES
Annual Report 2012 49
Directors’ Reportcont’d
OPTIONS GRANTED OVER UNISSUED SHARES
EMPLOYEES SHARE OPTION SCHEME
BAD AND DOUBTFUL DEBTS
THETA EDGE BERHAD (260002-W)50
Directors’ Reportcont’d
CURRENT ASSETS
VALUATION METHODS
CONTINGENT AND OTHER LIABILITIES
Annual Report 2012 51
Directors’ Reportcont’d
CHANGE OF CIRCUMSTANCES
ITEMS OF AN UNUSUAL NATURE
DIRECTORS OF THE COMPANY
THETA EDGE BERHAD (260002-W)52
DIRECTORS’ INTEREST
No of Ordinary Shares of RM1 each
Balance at 1.1.2012 Bought Sold
Balance at 31.12.2012
Shares in the Company
Warrants in the Company
Balance at 1.1.2012 Granted Exercised
Balance at 31.12.2012
DIRECTORS' BENEFITS
Directors’ Reportcont’d
Annual Report 2012 53
Directors’ Reportcont’d
ULTIMATE HOLDING CORPORATION
AUDITORS
TAN SRI DATO’ HASHIM BIN MEON A. SHUKOR BIN S. A. KARIMDirector Director
THETA EDGE BERHAD (260002-W)54
Consolidated Statements of Financial Positionas at 31 December 2012
31.12.2012 31.12.2011 1.1.2011
Note RM’000 RM’000 RM’000
ASSETS
Non-current assets
7,944 7,476
6
7
Current assets
9
Total assets
EQUITY
Annual Report 2012 55
Consolidated Statements of Financial Positionas at 31 December 2012
cont’d
31.12.2012 31.12.2011 1.1.2011
Note RM’000 RM’000 RM’000
LIABILITIES
Trust receipts
THETA EDGE BERHAD (260002-W)56
Consolidated Statements of Comprehensive Incomefor the Year Ended 31 December 2012
2012 2011
Note RM’000 RM’000
Revenue
4,990 7,113
(5,227) (5,226)
Loss Before Income Tax (6,906) (12,732)
Loss For The Financial Year (6,972) (12,795)
Total Comprehensive Loss For The Year (6,972) (12,795)
Loss Per Share (Sen)
* *
Annual Report 2012 57
Consolidated Statements of Changes In Equityfor the Year Ended 31 December 2012
Reserves (Note 15)
Share capital (Note 14) reserve
Accumulated loss Total
RM’000 RM’000 RM’000 RM’000
At 1 January 2011
107,241 1,897 (22,868) 86,270
107,241 1,897 (29,840) 79,298
THETA EDGE BERHAD (260002-W)58
Consolidated Statements of Cash Flowsfor the Year Ended 31 December 2012
2012 2011RM’000 RM’000
677
49
Annual Report 2012 59
Consolidated Statements of Cash Flowsfor the Year Ended 31 December 2012
cont’d
2012 2011RM’000 RM’000
Net repayment in trust receipts
THETA EDGE BERHAD (260002-W)60
Consolidated Statements of Cash Flowsfor the Year Ended 31 December 2012cont’d
which RM355,000 (2011- RM98,000) was acquired by means of hire-purchase.
2012 2011
RM’000 RM’000
Annual Report 2012 61
Statements of Financial Positionas at 31 December 2012
31.12.2012 31.12.2011 1.1.2011Note RM’000 RM’000 RM’000
ASSETS
Non-current assets
4
Current assets
Total assets
EQUITY
LIABILITIES
Amount due to subsidiary companies
THETA EDGE BERHAD (260002-W)62
Statements of Comprehensive Incomefor the Year Ended 31 December 2012
2012 2011
Note RM’000 RM’000
Revenue
Loss Before Income Tax
Total Comprehensive Loss
Annual Report 2012 63
Statements of Changes In Equityfor the Year Ended 31 December 2012
Reserves (Note 15)
Share capital (Note 14) reserve
Accumulated loss Total
RM’000 RM’000 RM’000 RM’000
At 1 January 2011 63,104 - (21,496) 41,608
107,241 1,897 (24,995) 84,143
107,241 1,897 (28,043) 81,095
THETA EDGE BERHAD (260002-W)64
Statements of Cash Flowsfor the Year Ended 31 December 2012
2012 2011
RM’000 RM’000
Annual Report 2012 65
Statements of Cash Flowsfor the Year Ended 31 December 2012
cont’d
2012 2011
RM’000 RM’000
THETA EDGE BERHAD (260002-W)66
Notes to the Financial Statements31 December 2012
1. GENERAL INFORMATION
2. SIGNIFICANT ACCOUNTING POLICIES
Financial Instruments:
Annual Report 2012 67
Notes to the Financial Statements31 December 2012
cont’d
2. SIGNIFICANT ACCOUNTING POLICIES cont'd
cont'd
Fair Value Measurement
THETA EDGE BERHAD (260002-W)68
Notes to the Financial Statements31 December 2012cont’d
2. SIGNIFICANT ACCOUNTING POLICIES cont'd
cont'd
Financial Instruments:
Annual Report 2012 69
Notes to the Financial Statements31 December 2012
cont’d
2. SIGNIFICANT ACCOUNTING POLICIES cont'd
THETA EDGE BERHAD (260002-W)70
Notes to the Financial Statements31 December 2012cont’d
2. SIGNIFICANT ACCOUNTING POLICIES cont'd
cont'd
Annual Report 2012 71
Notes to the Financial Statements31 December 2012
cont’d
2. SIGNIFICANT ACCOUNTING POLICIES cont'd
cont'd
Years
THETA EDGE BERHAD (260002-W)72
Notes to the Financial Statements31 December 2012cont’d
2. SIGNIFICANT ACCOUNTING POLICIES cont'd
2.9 Inventories
2.10 Impairment of Assets
Annual Report 2012 73
Notes to the Financial Statements31 December 2012
cont’d
2. SIGNIFICANT ACCOUNTING POLICIES cont'd
2.10 Impairment of Assets cont'd
2.11 Income Tax
THETA EDGE BERHAD (260002-W)74
Notes to the Financial Statements31 December 2012cont’d
2. SIGNIFICANT ACCOUNTING POLICIES cont'd
2.14 Provisions
2.15 Hire-Purchase
2.16 Borrowings
Annual Report 2012 75
Notes to the Financial Statements31 December 2012
cont’d
2. SIGNIFICANT ACCOUNTING POLICIES cont'd
2.17 Share Capital
2.19 Financial Instruments
THETA EDGE BERHAD (260002-W)76
Notes to the Financial Statements31 December 2012cont’d
2. SIGNIFICANT ACCOUNTING POLICIES cont'd
2.19 Financial Instruments cont'd
cont'd
2.20 Foreign Currencies
Annual Report 2012 77
Notes to the Financial Statements31 December 2012
cont’d
2. SIGNIFICANT ACCOUNTING POLICIES cont'd
2.22 Research and Development Costs
THETA EDGE BERHAD (260002-W)78
Notes to the Financial Statements31 December 2012cont’d
2. SIGNIFICANT ACCOUNTING POLICIES cont'd
cont'd
Annual Report 2012 79
Notes to the Financial Statements31 December 2012
cont’d
3. PROPERTY, PLANT AND EQUIPMENT
Group
2012 Computer test Furniture Motor vehicles
Plant &machinery
Capital work-in-progress
Digitalmedia
infrastructure TotalCOST RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
ACCUMULATED IMPAIRMENT LOSSES
year
ACCUMULATED DEPRECIATION
year
NET BOOK VALUE
7,944
THETA EDGE BERHAD (260002-W)80
Notes to the Financial Statements31 December 2012cont’d
3. PROPERTY, PLANT AND EQUIPMENT cont'd
Group
2011 Computer test Furniture Motor vehicles
Plant &machinery
Capital work-in-progress
Digitalmedia
infrastructure TotalCOST RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
a subsidiary companies 7
44
ACCUMULATED IMPAIRMENT LOSSES
ACCUMULATED DEPRECIATION
44
a subsidiary companies
NET BOOK VALUE
664 7,476
Annual Report 2012 81
Notes to the Financial Statements31 December 2012
cont’d
3. PROPERTY, PLANT AND EQUIPMENT cont'd
Company
2012Computer
Furniture Total
COST RM’000 RM’000 RM’000 RM’000 RM’000
4
ACCUMULATED DEPRECIATION
99 496 44
7
NET BOOK VALUE
49
2011COST
697
ACCUMULATED DEPRECIATION
66 7
99 49
NET BOOK VALUE
THETA EDGE BERHAD (260002-W)82
Notes to the Financial Statements31 December 2012cont’d
3. PROPERTY, PLANT AND EQUIPMENT cont'd
4. INVESTMENT IN SUBSIDIARY COMPANIES
31.12.2012 31.12.2011 1.1.2011
Company RM’000 RM’000 RM’000
31.12.2012 31.12.2011 1.1.2011
Name of company Direct Indirect Direct Indirect Direct Indirect
% % % % % %
operator
Annual Report 2012 83
Notes to the Financial Statements31 December 2012
cont’d
4. INVESTMENT IN SUBSIDIARY COMPANIES cont'd
31.12.2012 31.12.2011 1.1.2011
Name of company Direct Indirect Direct Indirect Direct Indirect
% % % % % %
THETA EDGE BERHAD (260002-W)84
Notes to the Financial Statements31 December 2012cont’d
4. INVESTMENT IN SUBSIDIARY COMPANIES cont'd
31.12.2012 31.12.2011 1.1.2011
Name of company Direct Indirect Direct Indirect Direct Indirect
% % % % % %
99
31.12.2012 31.12.2011 1.1.2011
Name of company Direct Indirect Direct Indirect Direct Indirect
% % % % % %
industry
Annual Report 2012 85
Notes to the Financial Statements31 December 2012
cont’d
4. INVESTMENT IN SUBSIDIARY COMPANIES cont'd
31.12.2012 31.12.2011 1.1.2011
Name of company Direct Indirect Direct Indirect Direct Indirect
% % % % % %
5. INTEREST IN JOINTLY-CONTROLLED ENTITY
31.12.2012 31.12.2011 1.1.2011
Group RM’000 RM’000 RM’000
Name of company
31.12.2012 31.12.2011 1.1.2011
% % %
THETA EDGE BERHAD (260002-W)86
Notes to the Financial Statements31 December 2012cont’d
6. GOODWILL ON CONSOLIDATION
31.12.2012 31.12.2011 1.1.2011
Group RM’000 RM’000 RM’000
7. INTANGIBLE ASSETS
Group
Development costs
Annual Report 2012 87
Notes to the Financial Statements31 December 2012
cont’d
8. DEFERRED INCOME TAX ASSETS
31.12.2012 31.12.2011 1.1.2011
Group RM’000 RM’000 RM’000
Group
31.12.2012 31.12.2011 1.1.2011
RM’000 RM’000 RM’000
9. INVENTORIES
31.12.2012 31.12.2011 1.1.2011
Group RM’000 RM’000 RM’000
THETA EDGE BERHAD (260002-W)88
Notes to the Financial Statements31 December 2012cont’d
10. RECEIVABLES
Group Company
31.12.2012 31.12.2011 1.1.2011 31.12.2012 31.12.2011 1.1.2011
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
49,644 77
77
9 4
9 4
Annual Report 2012 89
Notes to the Financial Statements31 December 2012
cont’d
11. ULTIMATE HOLDING CORPORATION AND RELATED COMPANIES
31.12.2012 31.12.2011 1.1.2011
Company RM’000 RM’000 RM’000
THETA EDGE BERHAD (260002-W)90
Notes to the Financial Statements31 December 2012cont’d
13. DEPOSITS, CASH AND BANK BALANCES
Group Company
31.12.2012 31.12.2011 1.1.2011 31.12.2012 31.12.2011 1.1.2011
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
31.12.2012 31.12.2011 1.1.2011
Annual Report 2012 91
Notes to the Financial Statements31 December 2012
cont’d
14. SHARE CAPITAL
31.12.2012 31.12.2011 1.1.2011
Group & Company
ordinary shares of
RM1 each ’000 RM’000
ordinary shares of
RM1 each ’000 RM’000
ordinary shares
of RM1 each’000 RM’000
purchase
subsidiary
THETA EDGE BERHAD (260002-W)92
Notes to the Financial Statements31 December 2012cont’d
14. SHARE CAPITAL cont'd
Annual Report 2012 93
Notes to the Financial Statements31 December 2012
cont’d
14. SHARE CAPITAL cont'd
THETA EDGE BERHAD (260002-W)94
Notes to the Financial Statements31 December 2012cont’d
14. SHARE CAPITAL cont'd
Annual Report 2012 95
Notes to the Financial Statements31 December 2012
cont’d
14. SHARE CAPITAL cont'd
per shareRM
Granted on 14.6.2011
Lapsed and Balance at
1.1.2012
Lapsed and Balance at 31.12.2012
THETA EDGE BERHAD (260002-W)96
Notes to the Financial Statements31 December 2012cont’d
14. SHARE CAPITAL cont'd
2011
15. RESERVES
Group Company
31.12.2012 31.12.2011 1.1.2011 31.12.2012 31.12.2011 1.1.2011
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
Annual Report 2012 97
Notes to the Financial Statements31 December 2012
cont’d
16. HIRE-PURCHASE PAYABLE
31.12.2012 31.12.2011 1.1.2011Group RM’000 RM’000 RM’000
17. PAYABLES
Group Company31.12.2012 31.12.2011 1.1.2011 31.12.2012 31.12.2011 1.1.2011
RM’000 RM’000 RM’000 RM’000 RM’000 RM’0006,496
directors 499
74
THETA EDGE BERHAD (260002-W)98
Notes to the Financial Statements31 December 2012cont’d
17. PAYABLES cont'd
18. BANK OVERDRAFTS AND OTHER CREDIT FACILITIES
Group 31.12.2012 31.12.2011 1.1.2011
RM’000 RM’000 RM’000
Trust receipts
31.12.2012 31.12.2011 1.1.2011
% % %
Annual Report 2012 99
Notes to the Financial Statements31 December 2012
cont’d
19. LOSS BEFORE INCOME TAX
Group Company
2012 2011 2012 2011
RM’000 RM’000 RM’000 RM’000
7 7
7 9 7 9
9 46
7
7
THETA EDGE BERHAD (260002-W)100
Notes to the Financial Statements31 December 2012cont’d
19. LOSS BEFORE INCOME TAX cont'd
Group Company
2012 2011 2012 2011
RM’000 RM’000 RM’000 RM’000
Annual Report 2012 101
Notes to the Financial Statements31 December 2012
cont’d
19. LOSS BEFORE INCOME TAX cont'd
Group Company
2012 2011 2012 2011
RM’000 RM’000 RM’000 RM’000
9
Directors of the Company
647 647
THETA EDGE BERHAD (260002-W)102
Notes to the Financial Statements31 December 2012cont’d
19. LOSS BEFORE INCOME TAX cont'd
Group 2012 2011
Directors of the Company
Annual Report 2012 103
Notes to the Financial Statements31 December 2012
cont’d
20. INCOME TAX
Group Company
2012 2011 2012 2011
RM’000 RM’000 RM’000 RM’000
66
67
66
THETA EDGE BERHAD (260002-W)104
Notes to the Financial Statements31 December 2012cont’d
21. LOSS PER SHARE
Basic
Group 2012 2011
RM’000 RM’000
Fully diluted
Annual Report 2012 105
Notes to the Financial Statements31 December 2012
cont’d
22. SEGMENTAL REPORTING
Group technology Others Total
RM’000 RM’000 RM’000
Revenue
Results
THETA EDGE BERHAD (260002-W)106
Notes to the Financial Statements31 December 2012cont’d
22. SEGMENTAL REPORTING cont'd
Group technology Others Total
RM’000 RM’000 RM’000
Revenue
Results
Annual Report 2012 107
Notes to the Financial Statements31 December 2012
cont’d
22. SEGMENTAL REPORTING cont'd
Group technology Others Total
RM’000 RM’000 RM’000
THETA EDGE BERHAD (260002-W)108
Notes to the Financial Statements31 December 2012cont’d
22. SEGMENTAL REPORTING cont'd
23. FINANCIAL INSTRUMENTS
(a) Foreign currency exchange risk
Annual Report 2012 109
Notes to the Financial Statements31 December 2012
cont’d
23. FINANCIAL INSTRUMENTS cont'd
(c) Market risk
(d) Credit risk
Fair values
THETA EDGE BERHAD (260002-W)110
Notes to the Financial Statements31 December 2012cont’d
24. COMMITMENTS
25. CONTINGENT LIABILITIES
Group Company
31.12.2012 31.12.2011 1.1.2011 31.12.2012 31.12.2011 1.1.2011
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
to trade customers
companies
Annual Report 2012 111
Notes to the Financial Statements31 December 2012
cont’d
26. RELATED PARTY TRANSACTIONS
Group Company
2012 2011 2012 2011
RM’000 RM’000 RM’000 RM’000
companies
THETA EDGE BERHAD (260002-W)112
27. MATERIAL LITIGATIONS
Notes to the Financial Statements31 December 2012cont’d
Annual Report 2012 113
27. MATERIAL LITIGATIONS cont'd
Notes to the Financial Statements31 December 2012
cont’d
THETA EDGE BERHAD (260002-W)114
Notes to the Financial Statements31 December 2012cont’d
27. MATERIAL LITIGATIONS cont'd
and
28. PRESENTATION CURRENCY
Annual Report 2012 115
Notes to the Financial Statements31 December 2012
cont’d
29. SUPPLEMENTARY INFORMATION – BREAKDOWN OF ACCUMULATED LOSS INTO REALISED AND UNREALISED
Group Company
2012 2012
RM’000 RM’000
30. APPROVAL OF FINANCIAL STATEMENTS
31. EXPLANATION OF TRANSITION TO MFRSS
THETA EDGE BERHAD (260002-W)116
Directors’ Statement
Statutory Declaration
Accountants
TAN SRI DATO’ HASHIM BIN MEON A. SHUKOR BIN S. A. KARIMDirector Director
KAREN YAP PIK LI THETA EDGE BERHAD
AGONG SIA
Annual Report 2012 117
REPORT ON THE FINANCIAL STATEMENTS
Opinion
Independent Auditors' Report to the Members of Theta Edge Berhad
THETA EDGE BERHAD (260002-W)118
Independent Auditors' Report to the Members of Theta Edge Berhadcont’d
REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS
WONG WENG FOO & CO. ABD HALIM BIN HUSIN
Annual Report 2012 119
Analysis of Shareholdings as at 10 May 2013
Class of shares
Authorised Share CapitalIssued and Paid-up Capital
DISTRIBUTION OF SHAREHOLDINGS AS AT 10 MAY 2013
Size of Shareholdings Shareholders Shareholdings
% %
TOTAL 7,908 100 107,241,269 100 Notes:* less than 5% of issued shares
LIST OF THIRTY LARGEST SHAREHOLDERS AS AT 10 MAY 2013
No Investor Name No of Shares %
4
THETA EDGE BERHAD (260002-W)120
Analysis of Shareholdings as at 10 May 2013cont’d
LIST OF THIRTY LARGEST SHAREHOLDERS AS AT 10 MAY 2013 cont'd
No Investor Name No of Shares %
6
7
9
Anne Teo
Annual Report 2012 121
Analysis of Shareholdings as at 10 May 2013
cont’d
LIST OF THIRTY LARGEST SHAREHOLDERS AS AT 10 MAY 2013 cont'd
No Investor Name No of Shares %
TOTAL 83,116,199 77.50
SUBSTANTIAL SHAREHOLDERS’ SHAREHOLDINGS
Direct
No of Shares %
THETA EDGE BERHAD (260002-W)122
DIRECTORS’ DIRECT AND INDIRECT INTEREST IN THETA EDGE BERHAD (“COMPANY”) AND ITS RELATED CORPORATIONS
Name of DirectorDirect Interest Indirect Interest
No. of shares % No. of shares %
Analysis of Shareholdings as at 10 May 2013cont’d
Annual Report 2012 123
Analysis of Warrants Holdings as at 10 May 2013
Outstanding WarrantsExercise Price of Warrants
DISTRIBUTION OF WARRANTS HOLDINGS AS AT 10 MAY 2013
Size of Warrants HoldingsWarrants Holders Warrants Holders
% %
TOTAL 698 100 30,487,336 100 Notes:* less than 5% of issued warrants
LIST OF THIRTY LARGEST WARRANTS HOLDERS AS AT 10 MAY 2013
No Name of Warrants Holders No of Warrants %
4
THETA EDGE BERHAD (260002-W)124
Analysis of Warrants Holdings as at 10 May 2013cont’d
LIST OF THIRTY LARGEST WARRANTS HOLDERS AS AT 10 MAY 2013 cont'd
No Name of Warrants Holders No of Warrants %
6
7
9
Annual Report 2012 125
Analysis of Warrants Holdings as at 10 May 2013
cont’d
LIST OF THIRTY LARGEST WARRANTS HOLDERS AS AT 10 MAY 2013 cont'd
No Name of Warrants Holders No of Warrants %
TOTAL 25,408,250 83.34
SUBSTANTIAL WARRANTS HOLDERS
Direct
No of Warrants %
THETA EDGE BERHAD (260002-W)126
Analysis of Warrants Holdings as at 10 May 2013cont’d
DIRECTORS’ DIRECT AND INDIRECT INTEREST IN THETA EDGE BERHAD (“COMPANY”) AND ITS RELATED CORPORATIONS
Name of DirectorDirect Interest Indirect Interest
No. of Warrants %
No. of Warrants %
Annual Report 2012 127
Notice of Annual General Meeting
NOTICE IS HEREBY GIVEN THAT
AS ORDINARY BUSINESSES
AS SPECIAL BUSINESSES
ORDINARY RESOLUTION 1 AUTHORITY TO ISSUE SHARES
THAT
(Please refer to Explanatory Note 1)
THETA EDGE BERHAD (260002-W)128
Notice of Annual General Meeting cont’d
ORDINARY RESOLUTION 2 PROPOSED RENEWAL OF THE EXISTING SHAREHOLDERS’ MANDATE FOR RECURRENT
RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING IN NATURE AND RENEWAL OF THE EXISTING GENERAL MANDATE FOR CONTRACTS WHICH ARE REVENUE IN NATURE
Annual Report 2012 129
Notice of Annual General Meeting cont’d
SPECIAL RESOLUTION 1
Appointment of Proxy
THETA EDGE BERHAD (260002-W)130
Notice of Annual General Meeting cont’d
Annual Report 2012 131
Statement Accompanying Notice ofAnnual General Meeting
THETA EDGE BERHAD (260002-W)132
Exempt Authorised Nominee means an
Appendix I : Proposed Amendmentsto the Existing Articles of Association of the Company
Annual Report 2012 133
Appendix I : Proposed Amendmentsto the Existing Articles of Association of the Company
cont’d
Nominee may appoint more than one proxy Nominee may appoint more than one proxy
authorised nominee which holds ordinary
proxies which the exempt authorised nominee
account it holds.
THETA EDGE BERHAD (260002-W)134
CDS account no.
THETA EDGE BERHAD, hereby appoint (
NO RESOLUTIONS FOR AGAINST
PROXY FORM
TRICOR INVESTOR SERVICES SDN. BHD.
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