SABAH, MALAYSIA Warta Kerajaan1,170 WARTA KERAJAAN NEGERI SABAH 23 Julai 2015 4. Saya telah mempertimbangkan, Penyata Kewangan dan Laporan Juruaudit bagi semua subsidiari yang tidak

Jil. LXX] [No. 29KOTA KINABALU, KHAMIS, 23 JULAI 2015

Kenyataan-kenyataan berikut adalah diterbitkan atas perintah Tuan YangTerutama Yang di-Pertua Negeri untuk Makluman Umum.

TAN SRI DATUK SERI PANGLIMA HAJI SUKARTI BIN WAKIMAN,Setiausaha Kerajaan Negeri.

SABAH, MALAYSIA

Warta KerajaanDiterbitkan dengan kuasa

No. 225 [No. KKT&P: 400-14/2 Jld. 5 (44)

SIJIL KETUA AUDIT NEGARA MENGENAI PENYATA KEWANGANLEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR

BAGI TAHUN BERAKHIR 31 DISEMBER 2012

Penyata Kewangan Lembaga Pembangunan Perumahan dan Bandar dan Kumpulanbagi tahun berakhir 31 Disember 2012 telah diaudit oleh wakil saya. Pihak pengurusanbertanggungjawab terhadap Penyata Kewangan ini. Tanggungjawab saya adalah mengauditdan memberi pendapat terhadap Penyata Kewangan tersebut.

2. Pengauditan telah dilaksanakan mengikut Akta Audit 1957 dan berpandukan piawaianpengauditan yang diluluskan. Piawaian tersebut menghendaki pengauditan dirancang dandilaksanakan untuk mendapat kepastian yang munasabah sama ada Penyata Kewanganadalah bebas daripada kesilapan atau ketinggalan yang ketara. Pengauditan itu termasukmemeriksa rekod secara semak uji, menyemak bukti yang menyokong angka dan memastikanpendedahan yang mencukupi dalam Penyata Kewangan. Penilaian juga dibuat terhadapprinsip perakaunan yang digunakan, keputusan signifikan dan persembahan PenyataKewangan secara keseluruhan.

3. Pada pendapat saya Penyata Kewangan ini memberi gambaran yang benar dan saksamaterhadap kedudukan kewangan Lembaga Pembangunan Perumahan dan Bandar danKumpulan pada 31 Disember 2012, hasil operasi dan aliran tunainya untuk tahun tersebutberdasarkan piawaian perakaunan yang diluluskan.

WARTA KERAJAAN NEGERI SABAH 23 Julai 20151,170

4. Saya telah mempertimbangkan, Penyata Kewangan dan Laporan Juruaudit bagi semuasubsidiari yang tidak diaudit oleh saya seperti yang dinyatakan dalam nota kepada PenyataKewangan disatukan. Saya berpuas hati bahawa Penyata Kewangan berkenaan telahdisatukan dengan Penyata Kewangan Lembaga Pembangunan Perumahan dan Bandar adalahdalam bentuk kandungan yang sesuai dan wajar bagi tujuan penyediaan Penyata KewanganDisatukan. Saya juga telah menerima maklumat dan penjelasan yang memuaskansebagaimana yang dikehendaki bagi tujuan tersebut.

5. Sijil ini hendaklah dibaca bersama Laporan Ketua Audit Negara tanpa menjejaskanpendapat saya.

PATIMAH BINTI RAMUJI,b.p. Ketua Audit Negara,

Malaysia.

Kota Kinabalu.

Bertarikh: 20 September 2013.

WARTA KERAJAAN NEGERI SABAH 1,17123 Julai 2015

LAPORAN KETUA AUDIT NEGARA MENGENAI PENYATA KEWANGANLEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR

BAGI TAHUN BERAKHIR 31 DISEMBER 2012

Laporan Ketua Audit Negara ini hendaklah dibaca bersama-sama dengan Sijil Ketua AuditNegara bagi menyokong pendapat Audit terhadap Penyata Kewangan tersebut.

2. Pemerhatian Audit terhadap Penyata Kewangan adalah seperti berikut:

2.1 Hutang daripada Pengarah Syarikat Kuala Menggatal Development Corpora-tion Sdn. Bhd. (KMDC)

Laporan juruaudit terhadap Penyata Kewangan syarikat subsidiari KMDC Sdn.Bhd. pada 31 Disember 2012, terdapat amaun terhutang daripada PengarahSyarikat berjumlah RM61,476. Perkara ini bertentangan dengan Seksyen 133,Akta Syarikat 1965 di mana syarikat tidak boleh memberikan pinjaman kepadaPengarah Syarikat.

2.2 Usaha Berterusan Syarikat Superpanel (Sabah) Sdn. Bhd.

Juruaudit bagi Superpanel (Sabah) Sdn. Bhd. telah melaporkan keupayaanberterusan bagi syarikat tersebut yang mempunyai lebihan liabiliti atas nilaiasetnya sejumlah RM243,751. Kesinambungan operasi syarikat adalahbergantung pada sokongan kewangan yang diterima berterusan daripada BadanInduk.

PATIMAH BINTI RAMUJI,b.p. Ketua Audit Negara,

Malaysia.

Kota Kinabalu.

Bertarikh: 20 September 2013.


LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)

AND ITS SUBSIDIARIES

STATEMENT BY THE CHAIRMAN AND GENERAL MANAGER

In our opinion, the financial statements set out on pages 1,174 to 1,193 are drawn upso as to give a true and fair view of the state of affairs of the Authority as at 31st December,2012 and of the results of its operations and cash flows for the year ended on that date.

On behalf of the Board,

DATUK RUBIN BALANG(Chairman)

HAJJAH ROSNANI BINTI ASMAT(Deputy General Manager)

Kota Kinabalu.

Date: 9th September, 2013.




STATUTORY DECLARATION

I, CHIN SU ME, the officer primarily responsible for the financial management of LembagaPembangunan Perumahan dan Bandar (Housing and Town Development Authority),do solemnly and sincerely declare that the financial statements set out on pages 1,174 to1,208 are, to the best of my knowledge and belief, correct, and I make this solemn dec-laration conscientiously believing the same to be true and by virtue of the provisions ofthe Statutory Declarations Act, 1960.

Subscribed and solemnly declared bythe abovenamed CHIN SU ME at }Kota Kinabalu in the State of Sabah CHIN SU MEon 9th September, 2013.

Before me,

DATUK CLAUDIUS ROMAN, J.P.,Pesuruhjaya Sumpah,

Malaysia.

Kota Kinabalu.


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.




CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED31ST DECEMBER, 2012

Group Accumulated funds

RM

At 1st January 2011 ... ... ... ... ... 61,816,748

Net profit for the year ... ... ... ... 7,628,550

At 31st December 2011 ... ... ... ... ... 69,445,298

Prior year adjustments ... ... ... ... ... (1,280,457)

Restated balance ... ... ... ... ... 68,164,841

Net profit for the year ... ... ... ... ... 7,904,851

At 31st December 2012 ... ... ... ... ... 76,069,692

The notes set out on pages 1,180 to 1,208 form an integral part of, and should be read inconjunction with, these financial statements.




STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED31ST DECEMBER, 2012

Authority Accumulated funds

RM

At 1st January 2011 ... ... ... ... ... 58,985,311

Net profit for the year ... ... ... ... 9,270,378

At 31st December 2011 ... ... ... ... ... 68,255,689

Net profit for the year ... ... ... ... ... 7,443,675

At 31st December 2012 ... ... ... ... ... 75,699,364

The notes set out on pages 1,180 to 1,208 form an integral part of, and should be read inconjunction with, these financial statements.


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rity

2012

2011

2012

2011

RM

RM

RM

RM


Am

ount

due

fro

m s

ubsi

diar

ies

......

...-

-6,

494,

256

(389

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rade

and

oth

er r

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9,26

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a c

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and

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h us

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ope

ratio

ns...

......

...(5

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......

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nded

......

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15,9

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Inco

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......

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...(4

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(481

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(404

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2,97

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posa

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, pla

nt a

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799,

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8,73

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220

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ED

31ST

DE

CE

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, 20

12 -

(co

nt.)

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utho

rity

2012

2011

2012

2011

RM

RM

RM

RM

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FRO

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ING

AC

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)-

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2,47

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posi

ts...

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......

61,3

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4357

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60,4

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)(6

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4357

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k ov

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)(2

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56,6

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not

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et o

ut o

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ges

1,18

0 to

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n in

tegr

al p

art o

f, an

d sh

ould

be

read

in c

onju

ctio

n w

ith, t

hese

fina

ncia

l sta

tem

ents

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LE

MB

AG

A P

EM

BA

NG

UN

AN

PE

RU

MA

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N D

AN

BA

ND

AR

(Hou

sing

and

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n D

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ent

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hori

ty)

AN

D I

TS

SUB

SID

IAR

IES

CA

SH F

LO

W S

TA

TE

ME

NT F

OR

TH

E Y

EA

R E

ND

ED

31ST

DE

CE

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ER

, 20

12 -

(co

nt.)

Gro

upA

utho

rity

2012

2011

2012

2011

RM

RM

RM

RM




NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2012

1. PRINCIPAL ACTIVITIES

The Authority is a State-owned agency and is governed by the Housing and TownDevelopment Authority Enactment, 1981. The principal activities of the Authority areto develop low cost housing and township projects, whilst the principal activities of thesubsidiaries are stated in Note 4. There has been no significant change in the nature ofthese activities during the financial year.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The following accounting policies are adopted by the Group and the Authority and areconsistent with those adopted in the previous years.

(a) Basis of accounting

The financial statements of the Group and the Authority are prepared on thehistorical cost basis and in compliance with applicable approved accountingstandards in Malaysia.

(b) Basis of consolidation

Subsidiaries are those enterprise controlled by the Authority. Control exists whenthe authority has the power, directly or indirectly, to govern the financial andoperating policies of an enterprise so as to obtain benefits from its activities. Thefinancial statements of subsidiaries are included in the consolidated financialstatements from the date that control effectively commences until the date thatcontrol effectively ceases. Subsidiaries are consolidated using the acquisitionmethod of accounting.

Under acquisition method of accounting, the results of subsidiaries acquired ordisposed of during the year are included from the date of acquisition or up to thedate of disposal. At the date of acquisition, the fair values of the subsidiaries’ netassets are determined and these values are reflected in the Group financialstatements. The difference between acquisition cost and the fair value of thesubsidiaries’ net assets is reflected as goodwill or negative goodwill as appropriate.

Intragroup transactions and balances and the result unrealised profits are eliminatedon consolidation. Unrealised losses resulting from intragroup transactions are alsoeliminated unless cost cannot be recovered.

(c) Property, plant and equipment

Property, plant and equipment are stated at cost or valuation less accumulateddepreciation and impairment losses, if any.

The Group revalues its property comprising land and building every 5 years and at


shorter intervals whenever the fair value of the revalued assets is expected to differ materiallyfrom their carry value.

Surpluses arising from revaluation are dealt within the property revaluation reserveaccount. Any deficit arising is offset against the revaluation reserve to the extentof a previous increase for the same property. In all other cases, a decrease in carryingamount is charged to the income statement.

Property, plant and equipment retired from active used and held for disposal arestated at the carrying amount at the date when the asset is retired from active use,less impairment losses, if any.

(d) Depreciation

The straight line method is used to write-off the cost of the following assets overthe term of their estimated useful lives at the following principal annual rates:

Long term leasehold land over 50 yearsBuildings 2%Motor vehicles 20%Plant and machinery 20%Office furniture, fittings and equipment 10% - 20%Renovation 10%Computer Software 20%

A long term leasehold land of the Group with an unexpired lease period of 75years at year end is not amortised. The non-amortisation does not have a materialeffect on the financial statements.

(e) Impairment

The carrying amounts of the Group’s assets, other than inventories and financialassets (other than investments in subsidiaries), are reviewed at each balance sheetdate to determine whether there is any indication of impairment. If any suchindication exists, the asset’s recoverable amount is estimated. An impairmentloss is recognised whenever the carrying amount of an asset or the cash-generatingunit to which it belongs exceeds its recoverable amount. Impairment lossesare recognised in the income statement, unless the asset is carried at a revaluedamount, in which case the impairment loss is charged to equity.

The recoverable amount is the greater of the asset’s net selling price and itsvalue in use. In assessing value in use, estimated future cash flows are discountedto their present value using a pre-tax discount rate that reflects current marketassessments of the time value of money and the risks specific to the asset. For anasset that does not generate largely independent cash inflows, the recoverableamount is determined for the cash-generating unit to which the asset belongs.



NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2012 - (cont.)

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (cont.)


An impairment loss in respect of goodwill is not reversed unless the loss wascaused by a specific external event of an exceptional nature that is not expected torecur and subsequent external events have occurred that reverse the effect of thatevent.

In respect of other assets, an impairment loss is reversed if there has been a changein the estimates used to determine the recoverable amount.

An impairment loss is reversed only to the extent that the asset’s carrying amountdoes not exceed the carrying amount that would have been determined, netof depreciation or amortisation, if no impairment loss had been recognised. Thereversal is recognised in the income statement, unless it reverses an impairmentloss on a revalued asset, in which case it is taken to equity.

(f) Investment properties

Investment properties are treated as long term investments and are stated at cost.An allowances is made when the directors are of the view that there is a diminu-tion in their value which is other than temporary.

(g) Development properties

Land and development expenditure whereby significant development work hasbeen undertaken and is expected to be completed within the normal operatingcycle are classified as development properties. Development properties arestated at cost plus attributable profits less foreseeable losses, net of progressbillings. Cost includes cost of land, all direct building cost, and other relateddevelopment expenditure incurred during the period of development.

(h) Inventories of unsold houses

Inventories of unsold houses are stated at the lower of cost and net realisablevalue. Costs include apportioned land cost and development expenditureincurred.

(i) Revenue

(i) Property development

Profit from property development is recognised using the percentageof completion method. Where foreseeable losses are anticipated, fullprovision for these losses is made in the financial statements.

Profit from property development undertaken by another developer on theGroup’s and Authority’s land is recognised using the percentage of comple-tion method determined on the proportion of value of development unitssold against total saleable value and is calculated based on the Group’s andauthority’s entitlement on properties sold by the developer.









(ii) Developed properties

Profit on developed properties is recognised when transfer of risks andrewards has been completed.

(iii) Privatised projects

Profit on privatised projects is recognised on an accrual basis based onstipulated fixed schedule.

(iv) Construction contracts

Revenue from fixed price construction contracts is recognised on the per-centage of completion method measured by reference to the percentage ofcontract costs incurred to date to estimated total contract costs.

When the outcome of a construction contract cannot be estimated reliably,revenue is recognised only to the extent of contract costs incurred that isprobable to be recoverable and contract costs are recognised as an expensein the period in which they are incurred.

An expected loss on a contract is recognised immediately in the incomestatement.

(v) Rental income and net insurance commission

Rental income is recognised on an accrual basis and net insurance com-mission is recognised when services are rendered.

(vi) interest income and net insurance commission

Interest income is recognised in the income statement as it accrues, takinginto account the effective yield on the asset.

(vii) Dividend Income

Dividend income is recognised when the right to receive payment isestablished.

(viii) Project entitlement

The entitlement, pursuant to the agreement entered with the joint venturepartners, are recognised on accrual basis based on stipulated fixed schedule.

(j) Interest on borrowings

Interest on borrowings is charged against income and no part of the interest istreated as an inherent part of the total cost of property development.



(k) Provisions

A provision is recognised when it is probable that an outflow of resourcesembodying economic benefits will be required to settle a present obligation (legalor constructive) as a result of a past event and a reliable estimate can be made of theamount.

(i) Provision for repairs and maintenance on completed projects

Provision for repairs and maintenance is made at 5% of cost for low costhousing projects and 3% for all other projects upon their completion.

(l) Employee benefits

(i) Short term benefits

Wages, salaries, paid leave and sick leave, bonus and non-monetarybenefits are recognised in the year in which associated services are renderedby employees of the Authority.

(ii) Defined contribution plans

Obligations for contributions to defined contribution plans are recognisedas an expense in the income statement as incurred. Other retirement benefitsare charged against income as and when paid.

(m) Government trust funds

Grants and Trust Funds received from the Federal and State Governments for thedevelopment of specific projects are utilised to meet the cost of developingthose projects. At the completion of the project, any excess Trust Fund isrefundable to the respective governments, while shortfalls are to be recoveredand shown as a debit balance in the respective fund.

(n) Investments

Long term investments in subsidiaries are stated at cost in the Authority, lessimpairment loss where applicable.

(o) Income tax

Tax on the profit or loss for the year comprises current and deferred tax. Incometax is recognised in the income statement except to the extent that it relates to itemsrecognised directly in equity, in which case it is recognised in equity.

Current tax expense is the expected tax payable on the taxable income for the year,using tax rates enacted or substantially enacted at the balance sheet date, and anyadjustment to tax payable in respect of previous years.






Deferred tax is provided, using the liability method, on temporary differencesarising between the tax bases of assets and liabilities and their carrying amounts inthe financial statements. The amount of deferred tax provided is based on theexpected manner of realisation or settlement of the carrying amount of assets andliabilities, using tax rates enacted or substantially enacted at the balance sheet date.

A deferred tax asset is recognised only to the extent that it is probable that futuretaxable profits will be available against which the asset can be utilised.

(p) Cash and cash equivalents

Cash and cash equivalents consist of cash on hand, balances and deposits withbanks. For the purpose of the cash flow statement, cash and cash equivalents arepresented net of bank overdrafts and pledged deposits.

(q) Land held for property development

Land held for property development consist of land or such portions thereof onwhich no development activities have been carried out or where developmentactivities are not expected to be completed within the Company’s normal operatingcycle of 2 to 3 years. Such land is classified as non-current asset and is stated at costless accumulated impairment losses.

Land held for property development is reclassified as property development costsat the point when development activities have commenced and where it can bedemonstrated that the development activities can be within the Company’s normaloperating cycle of 2 to 3 years.

Cost of land held for property development comprised cost associated with theacquisition of land and all cost incurred subsequent to the acquisition but prior toreclassification to property development costs on activities necessary to preparethe land for its intended use.

Cost associated with the acquisition of land includes the purchase price of the land,professional fee, stamp duties, commissions, conversion fees and other relevantlevies.

(r) Hire purchase liabilities

The cost of property, plant and equipment acquired under hire purchase agreementis capitalised under property, plant and equipment and the corresponding obliga-tions are taken up as liabilities. Hire purchase interest is taken up in the incomestatement on a sum-of-digits basis over the period of the hire purchase agreement.






(s) Amount due to contract customers

Amount due to contract customers on construction contracts is stated at cost plusattributable profits less foreseeable losses and less progress billings. Cost includesall direct construction costs and other related costs. Where progress billings exceedthe aggregate amount due from contract customers plus attributable profits lessforesseable losses, the net credit balance on all such contracts is shown under cur-rent liabilities as amount due to contract customers.

(t) Receivables

Receivables are carried at anticipated realisable value. Bad debts are duly writtenoff. An estimate is made for doubtful debts based on a review of all outstandingamounts at the year end.

(u) Payables

Payables are stated at cost which is the fair value of the consideration to be paid inthe future for goods and services rendered.






Cos

t/V

alua

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At 1

st J

anua

ry, 2

012

......

...21

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4,76

0,74

75,

305,

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31,9

27,6

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......

......

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02,

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928

293,

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......

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(1,4

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(1,4

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......

......

-(7

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At 3

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2012

......

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430

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reci

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nA

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, 201

2...

......

3,76

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2,63

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the

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......

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(729

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......

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2012

......

3,31

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......

17,0

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630,

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2011

......

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2,47

421

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the

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31 D

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......

312,

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417,

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1,53

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...-

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......

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......

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ecem

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2012

......

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8,98

6,63

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nA

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2...

......

-52

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......

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288,

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17,0

70,7

74

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1st D

ecem

ber,

2011

......

-10

,903

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7,19

4,30

718

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n ch

arge

for t

he y

ear e

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31 D

ecem

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2011

......

...4,

225

104,

201

208,

766

312,

967

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tA

t 1st

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, 201

2...

......

4,96

6,93

610

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,308

4,01

0,00

74,

474,

119

23,8

89,3

70A

dditi

ons

......

......

...25

0-

-18

2,20

618

2,45

6T

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fers

......

......

...(2

5,61

5)(1

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......

......

...-

-(7

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At 3

1st D

ecem

ber,

2012

......

4,94

1,57

18,

986,

630

3,27

6,53

44,

656,

325

21,8

61,0

60

Dep

reci

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nA

t 1st

Jan

uary

, 201

2...

......

513,

173

3,24

4,00

12,

286,

037

2,98

5,73

79,

028,

948

Cha

rge

for

the

year

......

...98

,836

179,

732

618,

124

393,

267

1,28

9,95

9T

rans

fers

......

......

...(3

,586

)(7

25,8

50)

--

(729

,436

)D

ispo

sals

......

......

...-

-(4

14,4

90)

-(4

14,4

90)

At 3

1st D

ecem

ber,

2012

......

608,

423

2,69

7,88

32,

489,

671

3,37

9,00

49,

174,

981

Net

Boo

k V

alue

At 3

1st D

ecem

ber,

2012

......

4,33

3,14

86,

288,

747

786,

863

1,27

7,32

112

,686

,079

At 3

1st D

ecem

ber,

2011

......

4,45

3,76

37,

194,

307

1,72

3,97

01,

488,

382

14,8

60,4

22

LE

MB

AG

A P

EM

BA

NG

UN

AN

PE

RU

MA

HA

N D

AN

BA

ND

AR

(Hou

sing

and

Tow

n D

evel

opm

ent A

utho

rity

)

AN

D I

TS

SUB

SID

IAR

IES

NO

TE

S T

O T

HE F

INA

NC

IAL S

TA

TE

ME

NT

S - 3

1ST D

EC

EM

BE

R, 2

012

- (co

nt.)

3.P R

OPE

RT

Y, P

LA

NT

AN

D E

QU

IPM

EN

T -

(con

t.)L

ong

term

leas

ehol

dla

ndM

otor

vehi

cles

Tot

al

Off

ice

furn

itur

e,fi

ttin

gs a

ndeq

uipm

ent,

and

reno

vati

on

Bui

ldin

gs

RM

RM

RM

RM

RM


Dep

reci

atio

n

Cha

rge

for t

he y

ear e

nded

31s

t Dec

embe

r,20

11...

......

......

99,3

3420

8,76

672

4,45

434

7,03

61,

379,

590

(a)

Titl

e to

cer

tain

bui

ldin

gs o

f the

Aut

hori

ty w

ith c

ost o

f RM

8,84

1,23

0 (2

011

: RM

8,84

1,23

0) h

as y

et to

be

issu

ed.

(b)

Cer

tain

long

term

leas

ehol

d la

nd o

f the

Gro

up a

nd A

utho

rity

are

cha

rged

to fi

nanc

ial i

nstit

utio

n as

sec

uriti

es fo

r ban

king

faci

litie

sgr

ante

d to

con

trac

tors

cos

ting

RM

18,1

00,0

00 (

2011

: R

M18

,100

,000

).

(c)

Mot

or v

ehic

les

of th

e G

roup

with

net

boo

k va

lue

of R

M90

,050

(20

11: R

M90

,050

) is

acq

uire

d un

der

hire

pur

chas

e ar

rang

emen

t.

4.I N

VE

STM

EN

TS

IN S

UB

SID

IAR

IES

Aut

hori

ty

2012

2011

RM

RM

Unq

uote

d sh

ares

at c

ost

......

......

......

......

......

10,0

06,0

3010

,006

,030

Les

s: A

llow

ance

for d

imin

utio

n in

val

ue...

......

......

......

...(2

,588

,341

)(2

,588

,341

)

RM

7,41

7,68

9R

M7,

417,

689

LE

MB

AG

A P

EM

BA

NG

UN

AN

PE

RU

MA

HA

N D

AN

BA

ND

AR

(Hou

sing

and

Tow

n D

evel

opm

ent A

utho

rity

)

AN

D I

TS

SUB

SID

IAR

IES

NO

TE

S T

O T

HE F

INA

NC

IAL S

TA

TE

ME

NT

S - 3

1ST D

EC

EM

BE

R, 2

012

- (co

nt.)

3.P R

OPE

RT

Y, P

LA

NT

AN

D E

QU

IPM

EN

T -

(con

t.)L

ong

term

leas

ehol

dla

ndM

otor

vehi

cles

Tot

alB

uild

ings

RM

RM

RM

RM

RM

Off

ice

furn

itur

e,fi

ttin

gs a

ndeq

uipm

ent,

and

reno

vati

on


The

pri

ncip

al a

ctiv

ities

of

the

subs

idia

ries

, the

ir p

lace

s of

inco

rpor

atio

n an

d th

e in

tere

st o

f L

emba

ga P

emba

ngun

an P

erum

ahan

dan

Ban

dar a

re a

s fo

llow

s:E

ffec

tive

Cou

ntry

of

Ow

ners

hip

Nam

e of

Com

pany

Pri

ncip

al A

ctiv

itie

sIn

corp

orat

ion

Inte

rest

s20

1220

11%

%

Kua

la M

engg

atal

Dev

elop

men

tPr

oper

ty d

evel

opm

ent

Mal

aysi

a95

95

Cor

pora

tion

Sdn.

Bhd

.

Supe

rnes

a Sd

n. B

hd.

Con

stru

ctio

n w

ork

unde

r co

ntra

ct a

ndM

alay

sia

100

100

prop

erty

dev

elop

men

t

Supe

rpan

el (

Saba

h) S

dn. B

hd.

Hol

ding

of

prop

erti

es f

or r

enta

l,M

alay

sia

100

100

pro

vis

ion

of

con

trac

t w

orks

and

rela

ted

serv

ices

and

insu

ranc

e ag

ency

5.L

AN

D H

EL

D F

OR

PR

OPE

RT

Y D

EV

EL

OPM

EN

T

G

roup

2012

2011

RM

RM

Lea

seho

ld la

nd, a

t cos

t...

......

......

......

......

...1,

528,

824

3,73

6,00

9D

evel

opm

ent e

xpen

ditu

re...

......

......

......

......

...67

4,12

087

8,07

3

2,20

2,94

44,

614,

082

4.IN

VE

STM

EN

TS

IN S

UB

SID

IAR

IES

- (co

nt.)

LE

MB

AG

A P

EM

BA

NG

UN

AN

PE

RU

MA

HA

N D

AN

BA

ND

AR

(Hou

sing

and

Tow

n D

evel

opm

ent A

utho

rity

)

AN

D I

TS

SUB

SID

IAR

IES

NO

TE

S T

O T

HE F

INA

NC

IAL S

TA

TE

ME

NT

S - 3

1ST D

EC

EM

BE

R, 2

012

- (co

nt.)


6.H

OU

SIN

G D

EB

TO

RS

Gro

up a

nd A

utho

rity

2012

2011

Non

-Cur

rent

RM

RM

Low

cos

t hou

sing

......

......

......

......

......

......

13,2

16,6

2111

,746

,385

Low

cos

t sho

phou

ses

......

......

......

......

......

...71

5,47

21,

037,

633

Com

mer

cial

hou

sing

......

......

......

......

......

...8,

387,

723

9,05

0,89

7

Com

mer

cial

sho

phou

ses

......

......

......

......

......

921,

640

1,51

7,87

3

Con

dom

iniu

m/f

lats

......

......

......

......

......

...4,

824,

346

5,40

5,52

7

28,0

65,8

0228

,758

,315

Cur

rent

Low

cos

t hou

sing

......

......

......

......

......

......

10,4

92,7

2212

,616

,373

RM

38,5

58,5

24R

M41

,374

,688

7.I N

VE

NT

OR

IES

OF

UN

SOL

D H

OU

SES

Gro

up a

nd A

utho

rity

Inve

ntor

ies

of u

nsol

d ho

uses

of

RM

2,66

2,70

0 (2

011

: RM

10,0

01,2

80)

are

carr

ied

at n

et r

ealis

able

val

ue.

LE

MB

AG

A P

EM

BA

NG

UN

AN

PE

RU

MA

HA

N D

AN

BA

ND

AR

(Hou

sing

and

Tow

n D

evel

opm

ent A

utho

rity

)

AN

D I

TS

SUB

SID

IAR

IES

NO

TE

S T

O T

HE F

INA

NC

IAL S

TA

TE

ME

NT

S - 3

1ST D

EC

EM

BE

R, 2

012

- (co

nt.)


8.T

RA

DE R

EC

EIV

AB

LE

S

G

roup

2012

2011

RM

RM

Tra

de re

ceiv

able

s...

......

......

......

......

......

7,54

4,33

121

,796

,050

Les

s: A

llow

ance

for d

oubt

ful d

ebts

......

......

......

......

(1,9

19,6

56)

(1,9

19,6

56)

5,62

4,67

519

,876

,394

Incl

uded

in tr

ade

rece

ivab

les

of th

e G

roup

are

ret

entio

n m

onie

s of

RM

7,69

7,63

2 (2

011

: RM

7,69

7,63

2).

9.O

TH

ER

RE

CE

IVA

BL

ES,

DE

POSI

TS

AN

D P

RE

PAY

ME

NT

S

G

roup

A

utho

rity

2012

2011

2012

2011

RM

RM

RM

RM

Oth

er re

ceiv

able

s, d

epos

its a

nd

prep

aym

ents

......

...38

,484

,581

31,4

51,9

0533

,129

,563

28,3

47,7

50

Les

s: A

llow

ance

for d

oubt

ful d

ebts

......

...(1

1,54

6,30

2)(9

,561

,000

)(1

0,36

3,96

3)(8

,366

,311

)

RM

26,9

38,2

79R

M21

,890

,905

RM

22,7

65,6

00R

M19

,981

,439

Incl

uded

in

othe

r re

ceiv

able

s, d

epos

its a

nd p

repa

ymen

ts o

f th

e G

roup

and

of

the

Aut

hori

ty a

re l

oans

to

empl

oyee

s am

ount

ing

toR

M14

,009

(20

11 :

RM

14,0

09).

LE

MB

AG

A P

EM

BA

NG

UN

AN

PE

RU

MA

HA

N D

AN

BA

ND

AR

(Hou

sing

and

Tow

n D

evel

opm

ent A

utho

rity

)

AN

D I

TS

SUB

SID

IAR

IES

NO

TE

S T

O T

HE F

INA

NC

IAL S

TA

TE

ME

NT

S - 3

1ST D

EC

EM

BE

R, 2

012

- (co

nt.)


10.

AM

OU

NT D

UE F

RO

M S

UB

SID

IAR

IES

Aut

hori

ty

The

am

ount

due

from

sub

sidi

arie

s is

uns

ecur

ed, i

nter

est f

ree

and

repa

yabl

e on

dem

and.

11.

AM

OU

NT D

UE F

RO

M/(

TO

) CO

NT

RA

CT C

UST

OM

ER

S

Gro

up20

1220

11R

MR

M

Con

trac

t cos

t inc

urre

d to

dat

e...

......

......

......

......

...80

,981

,150

123,

709,

602

Add

: A

ttrib

utab

le p

rofi

ts...

......

......

......

......

...3,

776,

286

5,78

2,25

5

84,7

57,4

3612

9,49

1,85

7L

ess:

Pro

gres

s bi

lling

s...

......

......

......

......

......

(83,

569,

798)

(128

,939

,410

)

(1,1

87,6

38)

552,

447

Due

fro

m c

usto

mer

on

cont

ract

s...

......

......

......

......

1,99

1,97

72,

229,

000

Due

to c

usto

mer

on

cont

ract

s...

......

......

......

......

(804

,339

)(1

,676

,553

)

1,18

7,63

855

2,44

7

12.

AM

OU

NT D

UE F

RO

M/(

TO

) A D

IRE

CT

OR

Gro

up

The

am

ount

due

from

/(to

) a d

irec

tor i

s un

secu

red,

inte

rest

free

and

repa

yabl

e on

dem

and.

The

am

ount

ow

ing

is to

be

settl

ed in

cas

h.

LE

MB

AG

A P

EM

BA

NG

UN

AN

PE

RU

MA

HA

N D

AN

BA

ND

AR

(Hou

sing

and

Tow

n D

evel

opm

ent A

utho

rity

)

AN

D I

TS

SUB

SID

IAR

IES

NO

TE

S T

O T

HE F

INA

NC

IAL S

TA

TE

ME

NT

S - 3

1ST D

EC

EM

BE

R, 2

012

- (co

nt.)


13.

FIX

ED

DE

POSI

TS

G

roup

A

utho

rity

2012

2011

2012

2011

RM

RM

RM

RM

Dep

osits

are

pla

ced

with

:L

icen

sed

bank

s...

......

61,3

24,5

4357

,680

,056

60,4

74,5

4355

,689

,169

Incl

uded

in th

e fi

xed

depo

sits

are

:

(a)

an a

mou

nt o

f R

M85

0,00

0 (2

011:

RM

850,

000)

of

the

Gro

up h

eld

unde

r lie

n by

lice

nsed

ban

ks to

sec

ure

the

over

draf

t and

ban

kgu

aran

tee

faci

litie

s gr

ante

d to

the

subs

idia

ries

(see

Not

e 16

).

(b)

an a

mou

nt o

f R

M6,

000,

000

(201

1: R

M6,

000,

000)

of

the

Gro

up a

nd o

f th

e A

utho

rity

hel

d on

lie

n by

a l

icen

sed

bank

for

the

over

draf

t fac

ilitie

s to

the

Aut

hori

ty

14.

TR

AD

E P

AY

AB

LE

S

Gro

up a

nd A

utho

rity

Incl

uded

in tr

ade

paya

bles

of t

he G

roup

and

of t

he A

utho

rity

is re

tent

ion

sum

of

RM

11,1

63,1

79 (2

011:

RM

11,1

63,1

79) a

nd R

M5,

340,

726

(201

1: R

M5,

177,

030)

res

pect

ivel

y.

LE

MB

AG

A P

EM

BA

NG

UN

AN

PE

RU

MA

HA

N D

AN

BA

ND

AR

(Hou

sing

and

Tow

n D

evel

opm

ent A

utho

rity

)

AN

D I

TS

SUB

SID

IAR

IES

NO

TE

S T

O T

HE F

INA

NC

IAL S

TA

TE

ME

NT

S - 3

1ST D

EC

EM

BE

R, 2

012

- (co

nt.)


15.

PRO

VIS

ION

Gro

up a

nd A

utho

rity

Rep

air

and

mai

nten

ance

2012

2011

RM

RM

Bal

ance

at 1

st J

anua

ry...

......

......

......

......

...2,

781,

347

3,57

7,38

7Pr

ovis

ion

mad

e du

ring

the

year

......

......

......

......

...-

376,

685

Prov

isio

n us

ed d

urin

g th

e ye

ar...

......

......

......

......

(446

,505

)(3

31,7

38)

Prov

isio

n re

vers

ed d

urin

g th

e ye

ar...

......

......

......

......

(859

,970

)(8

40,9

87)

Bal

ance

at 3

1st D

ecem

ber

......

......

......

......

......

RM

1,47

4,87

2R

M2,

781,

347

16.

BA

NK

OV

ER

DR

AFT

The

ban

k ov

erdr

aft o

f the

Gro

up b

ears

inte

rest

rate

at 1

% (2

011:

1%

) abo

ve b

ase

lend

ing

rate

per

ann

um a

nd is

sec

ured

by

way

of f

ixed

depo

sits

of

RM

850,

000

(201

1: R

M85

0,00

0) h

eld

on li

en b

y a

licen

sed

bank

. (se

e N

ote

13.)

17.

HIR

E P

UR

CH

ASE

LIA

BIL

ITIE

S

Hir

e pu

rcha

se li

abili

ties

of th

e G

roup

is p

ayab

le a

s fo

llow

s:

Pay

men

tsIn

tere

stP

rinc

ipal

Pay

men

tsIn

tere

stP

rinc

ipal

Gro

up20

1220

1220

1220

1120

1120

11R

MR

MR

MR

MR

MR

ML

ess

than

one

yea

r...

......

--

-25

,138

725

24,4

13

Bet

wee

n on

e an

d fi

ve y

ears

......

--

--

--

--

-25

,138

725

24,4

13

The

hir

e pu

rcha

se fa

cilit

ies o

r the

Gro

up b

ear e

ffec

tive

inte

rest

rate

at 6

.16%

(201

1: 6

.16%

) per

ann

um. T

he h

ire

purc

hase

is g

uara

ntee

dby

one

of

the

dire

ctor

s of

the

Gro

up.

LE

MB

AG

A P

EM

BA

NG

UN

AN

PE

RU

MA

HA

N D

AN

BA

ND

AR

(Hou

sing

and

Tow

n D

evel

opm

ent A

utho

rity

)

AN

D I

TS

SUB

SID

IAR

IES

NO

TE

S T

O T

HE F

INA

NC

IAL S

TA

TE

ME

NT

S - 3

1ST D

EC

EM

BE

R, 2

012

- (co

nt.)


18.

STA

TE

GO

VE

RN

ME

NT

LO

AN

S

G

roup

and

Aut

hori

ty20

1220

11R

MR

MSt

ate

Gov

ernm

ent l

oans

- un

secu

red

Cur

rent

......

......

......

......

......

......

13,5

99,9

9013

,136

,687

Non

-cur

rent

......

......

......

......

......

......

13,4

09,4

0018

,424

,087

RM

27,0

09,3

90R

M31

,560

,774

Ter

ms

and

debt

s re

paym

ent s

ched

ule

Gro

up a

nd A

utho

rity

Und

er1

to 2

2 to

5O

ver

5T

otal

1 ye

arye

ars

year

sye

ars

RM

RM

RM

RM

RM

2012

Uns

ecur

ed S

tate

Gov

ernm

ent l

oans

-fix

ed ra

te 4

%...

......

...R

M27

,009

,390

RM

13,5

99,9

90R

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Documents

SABAH, MALAYSIA Warta Kerajaan1,170 WARTA KERAJAAN NEGERI SABAH 23 Julai 2015 4. Saya telah mempertimbangkan, Penyata Kewangan dan Laporan Juruaudit bagi semua subsidiari yang tidak