Financial Statements
29. COMPARATIVE FIGURES
No comparative figures are presented for the Group and the Company as this is the first set of financial statements.
The properties of the Group at 31 July 2003 and their net book values (“NBV”) are indicated below:
FREEHOLD LAND AND BUILDING
Land Area/
Approximate Date of (Approximate Description/ age of Acquisition/ Built up area) NBV Company Location/Address Existing Use building Revaluation Sq. metres RM’000
Salcon Geran 39929, PT No. 42695, Office space 4 years 30.7.2001 NA/ 5,357
Resources Mukim Damansara, (1,300.5)
Sdn Bhd Daerah Petaling/15th Floor, Menara Summit,
Persiaran Kewajipan, USJ 1, 47600 UEP Subang Jaya, Selangor Darul Ehsan
Salcon Geran 39930, PT No. 42696 Office space 4 years 30.7.2001 NA/ 5,370
Resources Mukim Damansara, (1,300.5)
Sdn Bhd Daerah Petaling/16th Floor, Menara Summit,
Persiaran Kewajipan, USJ 1, 47600 UEP Subang Jaya, Selangor Darul Ehsan
Envitech HS(D) 102104, PT No. 15914, Intermediate 7 years 14.3.2002 149/ 198
Sdn Bhd Pekan Damansara, unit 11/2storey (NA)
Daerah Petaling/No. 64, terraced Jalan Penyair U1/44, factory Temasya Industrial Park,
Seksyen U1, 40150 Shah Alam, Selangor Darul Ehsan
Envitech HS(D) 3422, Lot No. 3988, Intermediate 24 years 15.3.2002 164/ 694
Sdn Bhd Mukim Damansara, unit 3 storey (NA)
Daerah Petaling, Selangor/ terraced No. 67, Jalan SS15/5A, shop-office 47500 Subang Jaya,
Selangor Darul Ehsan
Envitech Lot No: 810 Zone 6, Double storey 1 year 1.4.2003 3,186 305
Sdn Bhd Lestari Perdana, Puchong, terrace house sq. feet/
Selangor Darul Ehsan (corner lot) (NA)
Envitech Plot Nos 1-176 of H.S. (D) Vacant - 26.10.2002 12,000 324
Sdn Bhd 47860 P.T. No 770, bungalow lot sq. feet/
Mukim Beranang, (NA)
Daerah Hulu Langat
12,248 Notes:
NA – Not available
Particulars of Group Properties
1/2
Particulars of Group Properties
LONG-TERM LEASEHOLD PROPERTIES
Land Area/
Approximate Date of (Approximate Description/ age of Acquisition/ Built up area) NBV Company Location/Address Existing Use building Revaluation Sq. metres RM’000
Salcon HS(D) 216, Plot No. 144, Vacant 99 years 31.7.2001 1,474/ 131
Engineering Mukim Ayer Panas, bungalow leasehold (NA)
Berhad Daerah Jasin, Melaka lot expiring on
20.02.2077
Salcon HS(D) 216, Plot No. 145, Vacant 99 years 31.7.2001 1,087/ 130
Engineering Mukim Ayer Panas, bungalow leasehold (NA)
Berhad Daerah Jasin, Melaka lot expiring on
20.02.2077
Salcon HS(D) 216, Plot No. 154, Vacant 99 years 31.7.2001 1,115/ 131
Engineering Mukim Ayer Panas, bungalow leasehold (NA)
Berhad Daerah Jasin, Melaka lot expiring on
20.02.2077
392
Notes:
NA – Not available
Statistical Report of Shareholders
as at 18 November 2003
Class of Securities : Ordinary shares of RM0.50 each
Authorised Share Capital : RM500,000,000
Issued and Fully Paid-up Share Capital : RM191,262,502
No. of Shareholders : 4,103
ANALYSIS OF SHAREHOLDINGS
Holdings No. of Holders Total Holdings Percentage
1 - 99 1,801 98,832 0.05
100 - 1,000 1,288 739,450 0.39
1,001 - 10,000 751 3,092,737 1.62
10,001 - 100,000 173 6,018,847 3.15
100,001 - 9,563,124 86 81,302,476 42.51
9,563,125 and above 4 100,010,160 52.29
Total 4,103 191,262,502 100.00
LIST OF THIRTY LARGEST REGISTERED SHAREHOLDINGS
No. Name No. of Shares Held Percentage
1. Al Wakalah Nominees (Tempatan) Sdn. Bhd. 40,900,980 21.38
Pledged Securities Account for Kumpulan Emas Berhad
2. Mampu Alam Sdn. Bhd. 24,059,400 12.58
3. Kumpulan Emas Berhad 19,812,160 10.36
4. Eminent Triumph Sdn. Bhd. 15,237,620 7.97
5. Lembaga Tabung Angkatan Tentera 8,755,000 4.58
6. Eminent Triumph Sdn. Bhd. 8,317,620 4.35
7. Employees Provident Fund Board 7,395,300 3.87
8. Al Wakalah Nominees (Tempatan) Sdn. Bhd. 7,217,820 3.77
Pledged Securities Account for Kumpulan Emas Berhad
9. Warisan Harta Sabah Sdn. Bhd. 7,065,800 3.69
10. HSBC Nominees (Asing) Sdn. Bhd. 4,490,000 2.35
Banca Intesa for Carifondo Paesi Emergenti (Fondigest Spa)
11. BI Nominees (Tempatan) Sdn. Bhd. 1,940,000 1.01
Kumpulan Emas Berhad
12. Cartaban Nominees (Asing) Sdn. Bhd. 1,891,600 0.99
Mellon Bank, N.A. for Dreyfus Founders Passport Fund
13. HSBC Nominees (Asing) Sdn. Bhd. 1,757,000 0.92
BOB HK for Schroder Asian Growth Fund
14. Cartaban Nominees (Asing) Sdn. Bhd. 1,704,000 0.89
Investors Bank and Trust Company for Asian Small Companies Portfolio
Statistical Report of Shareholders
LIST OF THIRTY LARGEST REGISTERED SHAREHOLDINGS (CONTINUED)
No. Name No. of Shares Held Percentage
15. HSBC Nominees (Asing) Sdn. Bhd. 1,521,000 0.80
BNY Brussels for Greatlink Asean Growth Fund
16. Universal Trustee (Malaysia) Berhad 1,453,000 0.76
Maybank Balanced Trust Fund
17. HSBC Nominees (Asing) Sdn. Bhd. 1,426,500 0.75
Banca Intesa for Carifondo Azioni Asia (Fondigest Spa)
18. HSBC Nominees (Asing) Sdn. Bhd. 1,373,000 0.72
BNY Brussels for Greatlink Enhancer Fund (90122)
19. HSBC Nominees (Asing) Sdn. Bhd. 1,300,000 0.68
DZ Bank Intl for Uni Em Fernost Treuhandkonto, Luxembourg
20. Cartaban Nominees (Asing) Sdn. Bhd. 1,262,600 0.66
State Street Australia Fund 03An for National Investment Trust Company Malaysia Fund
21. HSBC Nominees (Asing) Sdn. Bhd. 1,089,000 0.57
Banca Intesa for La Centrale Fondi Spa
22. Malaysia Nominees (Asing) Sendirian Berhad 1,038,000 0.54
British and Malayan Trustees Limited for Savers Capital Fund (10005-9001Z)
23. Lim Sze Teck 840,000 0.44
24. RHB Nominees (Tempatan) Sdn. Bhd. 824,400 0.43
RHB Asset Management Sdn. Bhd. for Kumpulan Wang Amanah Pencen
25. HSBC Nominees (Asing) Sdn. Bhd. 793,200 0.41
LODH and CIE for Dh Taipan Portfolio
26. RHB Nominees (Tempatan) Sdn. Bhd. 780,000 0.41
RHB Asset Management Sdn. Bhd. for
Pertubuhan Kebangsaan Melayu Bersatu atau Umno
27. Citicorp Nominees (Asing) Sdn. Bhd. 700,000 0.37
CB LUX for Mat Asia Pacific Fonds
28. Malaysia Nominees (Tempatan) Sendirian Berhad 681,000 0.36
Pledged Securities Account for Kumpulan Emas Berhad (01-00756-000)
29. HSBC Nominees (Asing) Sdn. Bhd. 655,000 0.34
Mscoil for Wessex Asia Pacific Fund Limited
30. HSBC Nominees (Tempatan) Sdn. Bhd. 650,000 0.34
HSBC (Malaysia) Trustee Berhad for Amanah Saham Sarawak
Total 166,931,000 87.28
Statistical Report of Shareholders
SUBSTANTIAL SHAREHOLDERS
According to the register required to be kept under Section 69L of the Companies Act, 1965, the substantial shareholders (beneficial owners only) of the Company are as follows:
Direct Interest (%) Indirect Interest (%) Total Interest (%)
Name of Substantial Shareholder (A) (B) (A+B)
Kumpulan Emas Berhad 70,551,960 (36.89) - 70,551,960 (36.89)
Mampu Alam Sdn. Bhd. 24,573,600 (12.85) - 24,573,600 (12.85)
Eminent Triumph Sdn. Bhd. 23,555,240 (12.31) - 23,555,240 (12.31)
Tan Sri Razali Ismail 45,000 (0.02) 124,573,600 (12.85) 24,618,600 (12.87)
Abdul Nasir Bin Adnan - 124,573,600 (12.85) 24,573,600 (12.85)
Dato’ (Dr) Teoh Seng Foo 45,000 (0.02) 270,551,960 (36.89) 70,596,960 (36.91)
Dato’ Lim See Teok 45,000 (0.02) 323,555,240 (12.31) 23,600,240 (12.33)
Jaggit Singh a/l Tara Singh 45,000 (0.02) 323,555,240 (12.31) 23,600,240 (12.33) Notes:
(1) Deemed interest by virtue of their substantial shareholdings in Mampu Alam Sdn. Bhd.
(2) Deemed interest by virtue of his substantial shareholdings in Kumpulan Emas Berhad.
(3) Deemed interest by virtue of their substantial shareholdings in Eminent Triumph Sdn. Bhd.
STATEMENT ON DIRECTORS’ INTERESTS IN THE COMPANY AND RELATED CORPORATIONS No. of shares held No. of shares held
Direct (%) Indirect (%) Total Interest (%)
Name (A) (B) (A+B)
Tan Sri Razali Ismail 45,000 (0.02) *24,573,600 (12.85) 24,618,600 (12.87)
Dato’ (Dr) Teoh Seng Foo 45,000 (0.02) ^70,551,960 (36.89) 70,596,960 (36.91)
Dato’ Lim See Teok 45,000 (0.02) #23,555,240 (12.31) 23,600,240 (12.33)
Jaggit Singh a/l Tara Singh 45,000 (0.02) #23,555,240 (12.31) 23,600,240 (12.33)
Foo San Kan 45,000 (0.02) - 45,000 (0.02)
Dato’ Dr Freezailah Bin Che Yeom 45,000 (0.02) - 45,000 (0.02)
Dato’ Seri Megat Najmuddin bin
Datuk Seri Dr Hj Megat Khas 45,000 (0.02) - 45,000 (0.02)
* Indirect interest held through Mampu Alam Sdn. Bhd.
^ Indirect interest held through Kumpulan Emas Berhad
# Indirect interest held through Eminent Triumph Sdn. Bhd.
Tan Sri Razali Ismail, Dato’ (Dr) Teoh Seng Foo, Dato’ Lim See Teok and Jaggit Singh a/l Tara Singh are deemed to have an interest in all the shares held by the Company in its related corporations by virtue of their substantial interest in the Company.
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Proxy Form
I/We ...
(FULL NAME IN BLOCK LETTERS)
of...
(ADDRESS)
being a member(s) of SALCON BERHAD hereby appoint...
...
(FULL NAME IN BLOCK LETTERS)
of...
or failing him/her, the Chairman of the Meeting as my/our proxy to vote for me/us on my/our behalf at the Annual General Meeting of the Company to be held at Ballroom 1, Level 5, The Summit Hotel, Subang USJ, Persiaran Kewajipan, USJ 1, 47600 UEP Subang Jaya, Selangor on Thursday, 15 January 2004 at 10:00 a.m. or at any adjournment thereof.
Resolutions relating to: *FOR *AGAINST
1. The adoption of Audited Financial Statements 2. The re-election of Directors:
(a) Tan Sri Razali Ismail (b) Dato’ (Dr) Teoh Seng Foo (c) Dato’ Lim See Teok (d) Jaggit Singh a/l Tara Singh (e) Foo San Kan
(f) Dato’ Dr Freezailah Bin Che Yeom
(g) Dato’ Seri Megat Najmuddin bin Datuk Seri Dr Hj Megat Khas 3. Appointment of Auditors
4. Ordinary Resolution no. 1 5. Ordinary Resolution no. 2
* Please indicate with (X) how you wish your vote to be cast. If no specific direction as to voting is given the proxy will vote or abstain at his discretion.
Dated this …….... day of ……...…...….. 2004 Number of shares held
……….…..
Signature of Shareholder(s) Notes:
1. A member entitled to attend and vote at the meeting is entitled to appoint not more than two (2) proxies to attend and vote in his stead. A proxy need not be a member of the Company and Section 149(1) of the Companies Act, 1965 shall not apply.
2. Where a member appoints more than one (1) proxy, the appointment shall be invalid unless he/she specifies the proportion of his/her holdings to be represented by each proxy.
3. In the case of a corporate body, the proxy appointed must be in accordance with the Memorandum and Articles of Association, and the instrument appointing a proxy shall be given under the Company’s Common Seal or under the hand of an officer or attorney duly authorised.
4. The Form of Proxy must be deposited at the Company’s Registered Office at 17th Floor, Menara Summit, Persiaran Kewajipan, USJ 1, 47600 UEP Subang Jaya, Selangor Darul Ehsan not less than 48 hours before the time set for the meeting or any adjournment thereof.
5. Any alteration in the form of proxy must be initialled.