Post on 03-Feb-2021
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.
WARTA KERAJAAN NEGERI SABAH 23 Julai 20151,172
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.
WARTA KERAJAAN NEGERI SABAH 1,17323 Julai 2015
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
AND ITS SUBSIDIARIES
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.
WARTA KERAJAAN NEGERI SABAH 23 Julai 20151,174
LE
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Not
e20
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TY
, PL
AN
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ND
EQ
UIP
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NT
319
,529
,977
21,7
54,4
9112
,686
,079
14,8
60,4
22I N
VE
STM
EN
TS
IN S
UB
SID
IAR
IES
...4
--
7,41
7,68
97,
417,
689
LA
ND
HE
LD
FO
R P
RO
PER
TY
DE
VE
-L
OPM
EN
T...
......
......
52,
202,
944
4,61
4,08
2-
-H
OU
SIN
G D
EB
TO
RS
......
...6
28,0
65,8
0228
,758
,315
28,0
65,8
0228
,758
,315
49,7
98,7
2355
,126
,888
48,1
69,5
7051
,036
,426
CU
RR
EN
T A
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TS
Hou
sing
deb
tors
......
...6
10,4
92,7
2212
,616
,373
10,4
92,7
2212
,616
,373
Inve
ntor
ies
of u
nsol
d ho
uses
...7
9,59
2,29
920
,258
,235
9,59
2,29
919
,581
,545
Dev
elop
men
t pro
pert
ies
......
59,4
64,0
9142
,206
,852
59,4
64,0
9142
,206
,852
Tra
de re
ceiv
able
s...
......
85,
624,
675
19,8
76,3
94-
-O
ther
re
ceiv
able
s,
depo
sits
an
dpr
epay
men
ts...
......
...9
26,9
38,2
7921
,890
,905
22,7
65,6
0019
,981
,439
Am
ount
due
fro
m s
ubsi
diar
ies
...10
--
2,83
0,82
89,
325,
084
Am
ount
due
from
a c
ontra
ct c
usto
mer
111,
991,
977
2,22
9,00
0-
-A
mou
nt d
ue f
rom
dir
ecto
r...
...12
61,4
7661
,476
--
Tax
rec
over
able
......
...13
,139
13,1
39-
-Fi
xed
depo
sits
......
...13
61,3
24,5
4357
,680
,056
60,4
74,5
4355
,689
,169
Cas
h an
d ba
nk b
alan
ces
......
2,47
5,55
67,
844,
263
2,14
6,10
37,
448,
603
177,
978,
757
184,
676,
693
167,
766,
186
166,
849,
065
WARTA KERAJAAN NEGERI SABAH 1,17523 Julai 2015
LE
MB
AG
A P
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BA
NG
UN
AN
PE
RU
MA
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AN
BA
ND
AR
(Hou
sing
and
Tow
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evel
opm
ent
Aut
hori
ty)
AN
D I
TS
SUB
SID
IAR
IES
BA
LA
NC
E S
HE
ET A
T 3
1ST D
EC
EM
BE
R, 2
012
- (s
amb.
)
Gro
upA
utho
rity
Not
e20
1220
1120
1220
11R
MR
MR
MR
MC
UR
RE
NT
LIA
BIL
ITIE
S
Tra
de p
ayab
les
......
...14
10,3
43,8
3120
,369
,289
7,26
2,98
88,
111,
935
Oth
er p
ayab
les
and
accr
uals
...62
,876
,289
66,6
74,4
4456
,497
,424
61,2
55,8
37A
mou
nt d
ue to
con
trac
t cus
tom
ers
1180
4,33
91,
676,
553
--
Am
ount
due
to a
dir
ecto
r...
...12
-40
0-
-Pr
ovis
ion
......
......
151,
474,
872
2,78
1,34
71,
474,
872
2,78
1,34
7H
ousi
ng d
epos
its...
......
104,
326
100,
126
104,
326
100,
126
Ban
k ov
erdr
aft
......
...16
701,
245
747,
013
--
Hir
e pu
rcha
se li
abili
ties
......
17-
24,4
13-
-St
ate
Gov
ernm
ent l
oans
......
1813
,599
,990
13,1
36,6
8713
,599
,990
13,1
36,6
87Fe
dera
l Gov
ernm
ent l
oans
......
1921
,110
,596
19,8
97,8
8921
,110
,596
19,8
97,8
89G
over
nmen
t tru
st f
unds
......
2013
,777
,193
12,3
37,2
5513
,777
,193
12,3
37,2
55
Tax
atio
n...
......
...51
2,41
260
8,18
9-
-
125,
305,
093
138,
353,
605
113,
827,
389
117,
621,
076
NE
T C
UR
RE
NT
ASS
ET
S...
...52
,673
,664
46,3
23,0
8853
,938
,797
49,2
27,9
89
102,
472,
387
101,
449,
976
102,
108,
367
100,
264,
415
WARTA KERAJAAN NEGERI SABAH 23 Julai 20151,176
FIN
AN
CE
D B
Y:
AC
CU
MU
LA
TE
D F
UN
DS
......
76,0
69,6
9269
,445
,298
75,6
99,3
6468
,255
,689
Min
ority
sha
reho
lder
’s in
tere
st...
21(6
,308
)(4
,048
)-
-
LO
NG
TE
RM
AN
D D
EFE
RR
ED
LIA
BIL
ITIE
S
Stat
e G
over
nmen
t loa
ns...
...18
13,4
09,4
0018
,424
,087
13,4
09,4
0018
,424
,087
Fede
ral G
over
nmen
t loa
ns...
...19
12,9
99,6
0313
,584
,639
12,9
99,6
0313
,584
,639
26,4
09,0
0332
,008
,726
26,4
09,0
0332
,008
,726
102,
472,
387
101,
449,
976
102,
108,
367
100,
264,
415
The
fina
ncia
l sta
tem
ent w
ere
appr
oved
and
aut
hori
sed
for i
ssue
by
the
Boa
rd M
embe
rs o
n
The
not
es s
et o
ut o
n pa
ges
1,18
0 to
1,2
08 fo
rm a
n in
tegr
al p
art o
f, an
d sh
ould
be
read
in c
onju
nctio
n w
ith, t
hese
fina
ncia
l sta
tem
ents
.
LE
MB
AG
A P
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BA
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AN
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(Hou
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and
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Aut
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AN
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TS
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IES
BA
LA
NC
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HE
ET A
T 3
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BE
R, 2
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- (s
amb.
)
Gro
upA
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Not
e20
1220
1120
1220
11R
MR
MR
MR
M
WARTA KERAJAAN NEGERI SABAH 1,17723 Julai 2015
LE
MB
AG
A P
EM
BA
NG
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PE
RU
MA
HA
N D
AN
BA
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AR
(Hou
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and
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Aut
hori
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AN
D I
TS
SUB
SID
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IES
I NC
OM
E S
TA
TE
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NT
S FO
R T
HE Y
EA
R E
ND
ED
31S
T D
EC
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BE
R, 2
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Gro
upA
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Not
e20
1220
1120
1220
11R
MR
MR
MR
M
RE
VE
NU
E...
......
......
2230
,977
,542
38,5
97,4
1314
,247
,584
32,1
34,3
87
Cos
t of s
ales
......
......
(14,
841,
674)
(5,8
96,2
11)
--
GR
OSS
PR
OFI
T...
......
...16
,135
,868
32,7
01,2
0214
,247
,584
32,1
34,3
87O
ther
ope
ratin
g in
com
e...
...11
,884
,919
12,6
58,1
0310
,943
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12,2
48,1
67A
dmin
istr
ativ
e ex
pens
es...
...(2
1,70
6,68
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8,81
7,55
3)(1
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3,02
5)(3
6,21
8,04
0)
OPE
RA
TIN
G P
RO
FIT
......
...23
6,31
4,10
26,
541,
752
5,80
8,18
38,
164,
514
Inte
rest
inco
me
......
......
2,84
5,57
62,
892,
909
2,84
5,57
62,
892,
909
Inte
rest
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ense
......
...(1
,133
,065
)(1
,411
,780
)(1
,087
,284
)(1
,366
,602
)
P RO
FIT B
EFO
RE T
AX
AT
ION
......
8,02
6,61
38,
022,
881
7,56
6,47
59,
690,
821
Tax
exp
ense
......
......
24(1
24,0
23)
(432
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22,8
00)
(420
,443
)
P RO
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R T
AX
AT
ION
......
.7,
902,
590
7,59
0,43
87,
443,
675
9,27
0,37
8
Min
ority
inte
rest
s...
......
2,26
138
,112
--
NE
T P
RO
FIT
OF
TH
E Y
EA
R...
...7,
904,
851
7,62
8,55
07,
443,
675
9,27
0,37
8
The
not
es s
et o
ut o
n pa
ges
1,18
0 to
1,2
08 fo
rm a
n in
tegr
al p
art o
f, an
d sh
ould
be
read
in c
onju
nctio
n w
ith, t
hese
fina
ncia
l sta
tem
ents
.
WARTA KERAJAAN NEGERI SABAH 23 Julai 20151,178
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
AND ITS SUBSIDIARIES
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.
WARTA KERAJAAN NEGERI SABAH 1,17923 Julai 2015
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
AND ITS SUBSIDIARIES
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.
WARTA KERAJAAN NEGERI SABAH 23 Julai 20151,180
CA
SH F
LO
WS
FRO
M O
PER
AT
ING
AC
TIV
ITIE
S
Prof
it be
fore
taxa
tion
......
......
...8,
026,
613
8,02
2,88
17,
443,
675
9,69
0,82
1A
djus
tmen
ts fo
r:B
ad d
ebts
wri
tten
off.
.....
......
...2,
440
--
-D
ivid
end
disc
harg
ed...
......
......
--
600,
000
-L
oss
in d
ispo
sal o
f pro
perty
, pla
nt a
nd e
quip
men
t19
3,98
0-
193,
980
-D
epre
ciat
ion
......
......
......
1,45
1,57
21,
536,
233
1,28
9,95
91,
379,
590
Gai
n on
dis
posa
l of
pro
pert
y, p
lant
and
equi
pmen
t...
......
......
...(3
6,09
7)(5
09,8
96)
(36,
097)
(180
,319
)G
over
nmen
t loa
n co
nver
ted
to g
rant
......
(4,9
50,0
00)
(5,7
38,5
54)
(4,9
50,0
00)
(5,7
38,5
54)
Inte
rest
exp
ense
......
......
...1,
133,
065
1,41
1,78
01,
087,
284
1,36
6,60
2In
tere
st in
com
e...
......
......
(2,9
32,4
66)
(2,9
73,2
68)
(2,8
45,5
76)
(2,8
92,9
09)
Wai
ver o
f lia
bilit
ies.
.....
......
...(7
69,9
71)
--
-
Ope
ratin
g pr
ofit
befo
re w
orki
ng c
apita
l cha
nges
2,11
9,13
61,
749,
176
2,78
3,22
53,
625,
231
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ecre
ase
in w
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ng c
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and
held
for
pro
pert
y de
velo
pmen
t...
...2,
411,
138
--
-H
ousi
ng d
ebto
rs...
......
......
2,81
6,16
4(5
,596
,743
)2,
816,
164
(5,5
96,7
43)
Inve
ntor
ies
of u
nsol
d ho
uses
......
...9,
989,
246
8,47
7,62
19,
989,
246
8,47
7,62
1D
evel
opm
ent p
rope
rtie
s...
......
...(1
6,50
9,38
2)(2
4,44
6,42
9)(1
6,50
9,38
2)(2
4,44
6,42
9)A
mou
nt d
ue f
rom
a c
ontr
act c
usto
mer
s...
237,
023
(578
,626
)-
-
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
Aut
hori
ty)
AN
D I
TS
SUB
SID
IAR
IES
CA
SH F
LO
W S
TA
TE
ME
NT
S FO
R T
HE Y
EA
R E
ND
ED
31ST
DE
CE
MB
ER
, 20
12
Gro
upA
utho
rity
2012
2011
2012
2011
RM
RM
RM
RM
WARTA KERAJAAN NEGERI SABAH 1,18123 Julai 2015
Am
ount
due
fro
m s
ubsi
diar
ies
......
...-
-6,
494,
256
(389
,314
)T
rade
and
oth
er r
ecei
vabl
es...
......
9,26
0,20
1(6
,890
,042
)(2
,603
,065
)(7
,587
,271
)A
mou
nt d
ue to
a c
ontr
act c
usto
mer
s...
...(8
72,2
14)
(432
,244
)-
-T
rade
and
oth
er p
ayab
les
......
...(1
4,68
5,40
2)13
,535
,046
(7,3
58,9
77)
13,2
21,2
52
Cas
h us
ed in
ope
ratio
ns...
......
...(5
,358
,113
)(1
4,18
2,24
1)(4
,388
,533
)(1
2,69
5,65
3)
Inte
rest
pai
d...
......
......
...(1
06,0
54)
(105
,432
)(6
0,99
8)(6
0,25
4)In
com
e ta
xes
refu
nded
......
......
15,9
17-
--
Inco
me
tax
paid
......
......
...(4
28,7
53)
(481
,025
)(3
31,7
53)
(404
,000
)
NE
T C
ASH
USE
D IN
OPE
RA
TIN
G A
CT
IVIT
IES
...(5
,877
,003
)(1
4,76
8,69
8)(4
,781
,284
)(1
3,15
9,90
7)
CA
SH F
LO
WS
FRO
M IN
VE
STIN
G A
CT
IVIT
IES
Inte
rest
rece
ived
......
......
...2,
916,
549
2,97
3,26
82,
845,
576
2,89
2,90
9Pr
ocee
ds f
rom
dis
posa
l of
prop
erty
, pla
nt a
ndeq
uipm
ent
......
......
......
161,
100
799,
755
161,
100
199,
755
Purc
hase
of
prop
erty
, pla
nt a
nd e
quip
men
t...
(293
,898
)(2
54,2
86)
(182
,456
)(2
43,2
40)
NE
T C
AS
H G
EN
ER
AT
ED
FR
OM
IN
VE
ST
ING
AC
TIV
ITIE
S...
......
......
...2,
783,
751
3,51
8,73
72,
824,
220
2,84
9,42
4
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
Aut
hori
ty)
AN
D I
TS
SUB
SID
IAR
IES
CA
SH F
LO
W S
TA
TE
ME
NT
S FO
R T
HE Y
EA
R E
ND
ED
31ST
DE
CE
MB
ER
, 20
12 -
(co
nt.)
Gro
upA
utho
rity
2012
2011
2012
2011
RM
RM
RM
RM
CA
SH F
LO
WS
FRO
M O
PER
AT
ING
AC
TIV
ITIE
S - (
sam
b.)
WARTA KERAJAAN NEGERI SABAH 23 Julai 20151,182
CA
SH F
LO
WS
FRO
M F
INA
NC
ING
AC
TIV
ITIE
S
Inte
rest
Pai
d...
......
......
...(7
25)
--
-D
raw
dow
n of
Gov
ernm
ent t
rust
fun
ds...
1,43
9,93
83,
220,
803
1,43
9,93
83,
220,
803
Rep
aym
ent o
f G
over
nmen
t hir
e pu
rcha
se...
(24,
413)
(108
,379
)-
-
NE
T C
AS
H G
EN
ER
AT
ED
FR
OM
FIN
AN
CIN
GA
CT
IVIT
IES
......
......
......
1,41
4,80
03,
112,
424
1,43
9,93
83,
220,
803
NE
T D
ECR
EASE
IN C
ASH
AN
D C
ASH
EQ
UIV
ALE
NTS
(1,6
78,4
52)
(8,1
37,5
37)
(517
,126
)(7
,089
,680
)C
AS
H A
ND
CA
SH
EQ
UIV
AL
EN
TS
AT
BE
GIN
NIN
G O
F T
HE Y
EA
R...
......
57,9
27,3
0666
,064
,843
57,1
37,7
7264
,227
,452
CA
SH
AN
D C
AS
H E
QU
IVA
LE
NT
S A
T E
ND
OF
TH
E Y
EA
R...
......
......
...56
,248
,854
57,9
27,3
0656
,620
,646
57,1
37,7
72
CA
SH A
ND
CA
SH E
QU
IVA
LE
NT
S C
OM
PRIS
E:
Cas
h an
d ba
nk b
alan
ces
......
......
2,47
5,55
67,
844,
263
4,64
6,73
47,
448,
603
Fixe
d de
posi
ts...
......
......
61,3
24,5
4357
,680
,056
60,4
74,5
4355
,689
,169
Les
s: D
epos
its p
ledg
ed...
......
...(6
,850
,000
)(6
,850
,000
)(6
,000
,000
)(6
,000
,000
)
54,4
74,5
4350
,830
,056
54,4
74,5
4357
,137
,772
Ban
k ov
erdr
afts
......
......
...(7
01,2
45)
(747
,013
)(2
,500
,631
)-
56,2
48,8
5457
,927
,306
56,6
20,6
4657
,137
,772
The
not
es s
et o
ut o
n pa
ges
1,18
0 to
1,2
08 fo
rm a
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
.
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
Aut
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
MB
ER
, 20
12 -
(co
nt.)
Gro
upA
utho
rity
2012
2011
2012
2011
RM
RM
RM
RM
WARTA KERAJAAN NEGERI SABAH 1,18323 Julai 2015
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
AND ITS SUBSIDIARIES
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
WARTA KERAJAAN NEGERI SABAH 23 Julai 20151,184
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.
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
AND ITS SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2012 - (cont.)
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (cont.)
WARTA KERAJAAN NEGERI SABAH 1,18523 Julai 2015
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.
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
AND ITS SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2012 - (cont.)
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (cont.)
WARTA KERAJAAN NEGERI SABAH 23 Julai 20151,186
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
AND ITS SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2012 - (cont.)
(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.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (cont.)
WARTA KERAJAAN NEGERI SABAH 1,18723 Julai 2015
(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.
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
AND ITS SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2012 - (cont.)
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (cont.)
WARTA KERAJAAN NEGERI SABAH 23 Julai 20151,188
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.
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
AND ITS SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2012 - (cont.)
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (cont.)
WARTA KERAJAAN NEGERI SABAH 1,18923 Julai 2015
(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.
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
AND ITS SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2012 - (cont.)
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (cont.)
WARTA KERAJAAN NEGERI SABAH 23 Julai 20151,190
Cos
t/V
alua
tion
At 1
st J
anua
ry, 2
012
......
...21
,861
,823
4,76
0,74
75,
305,
106
31,9
27,6
76A
dditi
ons
......
......
...25
02,
720
290,
928
293,
898
Tra
nsfe
rs...
......
......
(1,4
77,2
93)
--
(1,4
77,2
93)
Dis
posa
ls...
......
......
-(7
33,4
73)
-(7
33,4
73)
At 3
1st D
ecem
ber,
2012
......
20,3
84,7
804,
029,
994
5,59
6,03
430
,010
,808
Dep
reci
atio
nA
t 1st
Jan
uary
, 201
2...
......
3,76
4,23
22,
916,
321
3,49
2,63
210
,173
,185
Cha
rge
for
the
year
......
...27
9,21
069
9,67
947
2,68
31,
451,
572
Tra
nsfe
rs...
......
......
(729
,436
)-
-(7
29,4
36)
Dis
posa
ls...
......
......
-(4
14,4
90)
-(4
14,4
90)
At 3
1st D
ecem
ber,
2012
......
3,31
4,00
63,
201,
510
3,96
5,31
510
,480
,831
Net
Boo
k V
alue
At 3
1st D
ecem
ber,
2012
......
17,0
70,7
7482
8,48
41,
630,
719
19,5
29,9
77
At 3
1st D
ecem
ber,
2011
......
18,0
97,5
911,
844,
426
1,81
2,47
421
,754
,491
Dep
reci
atio
n ch
arge
for
the
yea
ren
ded
31 D
ecem
ber
2011
......
312,
967
805,
737
417,
529
1,53
6,23
3
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
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AN
BA
ND
AR
(Hou
sing
and
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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
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QU
IPM
EN
TL
and
and
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ldin
gM
otor
vehi
cles
,P
lant
and
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hine
ry
Tot
al
Off
ice
furn
itur
e,fi
ttin
gs a
ndeq
uipm
ent,
and
reno
vati
onR
MR
MR
MR
M
Gro
up
WARTA KERAJAAN NEGERI SABAH 1,19123 Julai 2015
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
and
and
build
ings
At v
alua
tion
A
t cos
t
Cos
t/V
alua
tion
At 1
st J
anua
ry, 2
012
......
...-
11,4
23,5
1510
,438
,308
21,8
61,8
23A
dditi
ons
......
......
...-
250
-25
0T
rans
fers
......
......
...-
(25,
615)
(1,4
51,6
78)
(1,4
77,2
93)
At 3
1st D
ecem
ber,
2012
......
-11
,398
,150
8,98
6,63
020
,384
,780
Dep
reci
atio
nA
t 1st
Jan
uary
, 201
2...
......
-52
0,23
13,
244,
001
3,76
4,23
2C
harg
e fo
r th
e ye
ar...
......
-99
,478
179,
732
279,
210
Tra
nsfe
rs...
......
......
-(3
,586
)(7
25,8
50)
(729
,436
)
At 3
1st D
ecem
ber,
2012
......
-61
6,12
32,
697,
883
3,31
4,00
6N
et B
ook
Val
ueA
t 31s
t Dec
embe
r, 20
12...
...-
10,7
82,0
276,
288,
747
17,0
70,7
74
At 3
1st D
ecem
ber,
2011
......
-10
,903
,284
7,19
4,30
718
,097
,591
Dep
reci
atio
n ch
arge
for t
he y
ear e
nded
31 D
ecem
ber
2011
......
...4,
225
104,
201
208,
766
312,
967
v
v
Lon
g te
rmle
aseh
old
land
Tot
al
RM
RM
RM
RM
Gro
upL
ong
term
leas
ehol
dla
ndB
uild
ings
WARTA KERAJAAN NEGERI SABAH 23 Julai 20151,192
Cos
tA
t 1st
Jan
uary
, 201
2...
......
4,96
6,93
610
,438
,308
4,01
0,00
74,
474,
119
23,8
89,3
70A
dditi
ons
......
......
...25
0-
-18
2,20
618
2,45
6T
rans
fers
......
......
...(2
5,61
5)(1
,451
,678
)-
-(1
,477
,293
)D
ispo
sals
......
......
...-
-(7
33,4
73)
-(7
33,4
73)
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
atio
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
WARTA KERAJAAN NEGERI SABAH 1,19323 Julai 2015
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
WARTA KERAJAAN NEGERI SABAH 23 Julai 20151,194
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.)
WARTA KERAJAAN NEGERI SABAH 1,19523 Julai 2015
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.)
WARTA KERAJAAN NEGERI SABAH 23 Julai 20151,196
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.)
WARTA KERAJAAN NEGERI SABAH 1,19723 Julai 2015
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.)
WARTA KERAJAAN NEGERI SABAH 23 Julai 20151,198
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.)
WARTA KERAJAAN NEGERI SABAH 1,19923 Julai 2015
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.)
WARTA KERAJAAN NEGERI SABAH 23 Julai 20151,200
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
M45
4,38
7R
M1,
518,
373
RM
11,4
36,6
40
2011
Uns
ecur
ed S
tate
Gov
ernm
ent l
oans
-fix
ed ra
te 4
%...
......
...R
M31
,560
,774
RM
13,1
36,6
87R
M61
0,18
0R
M1,
980,
926
RM
15,8
32,9
81
Stat
e G
over
nmen
t has
agr
eed
to c
onve
rt th
e go
vern
men
t loa
n to
gra
nt a
mou
ntin
g to
RM
23,0
71,4
21. A
n am
ount
of R
M4,
950,
000
(201
1 :
RM
5,73
8,55
4) h
as b
een
conv
erte
d du
ring
the
fina
ncia
l yea
r.
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.)
WARTA KERAJAAN NEGERI SABAH 1,20123 Julai 2015
19.
FED
ER
AL
GO
VE
RN
ME
NT
LO
AN
S
Gro
up a
nd A
utho
rity
2012
2011
RM
RM
Fede
ral G
over
nmen
t loa
ns -
uns
ecur
edC
urre
nt...
......
......
......
......
......
...21
,110
,596
19,8
97,8
89N
on-c
urre
nt...
......
......
......
......
......
...12
,999
,603
13,5
84,6
39
RM
34,1
10,1
99R
M33
,482
,528
Ter
ms
and
debt
s re
paym
ent s
ched
ule
The
loan
s in
tere
st is
pay
able
as
follo
ws:
Loa
ns f
or c
ondo
min
ium
s...
......
......
......
......
...
4.0
% to
7.5
% p
er a
nnum
Loa
ns fo
r all
othe
r hou
sing
pro
ject
s...
......
......
......
...
4.
0% p
er a
nnum
Gro
up a
nd A
utho
rity
Und
er1
to 2
2 to
5O
ver
5 T
otal
1 ye
arye
ars
year
sye
ars
RM
RM
RM
RM
RM
2012
Uns
ecur
ed F
eder
al G
over
nmen
t loa
ns...
RM
34,1
10,1
99R
M21
,110
,596
RM
613,
885
RM
2,03
0,84
9R
M10
,354
,869
2011
Uns
ecur
ed F
eder
al G
over
nmen
t loa
ns...
RM
33,4
82,5
28R
M19
,897
,889
RM
585,
036
RM
1,93
4,54
7R
M11
,065
,056
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.)
WARTA KERAJAAN NEGERI SABAH 23 Julai 20151,202
20.
GO
VE
RN
ME
NT
TR
UST
FU
ND
S
G
roup
and
Aut
hori
ty
2012
2011
RM
RM
Stat
e G
over
nmen
t Hou
sing
Fun
d...
......
......
......
......
-34
,276
Stat
e Fu
nd fo
r New
Tow
nshi
p...
......
......
......
......
-1,
273,
944
Stat
e G
over
nmen
t Sub
sidi
es F
und
......
......
......
......
...2,
102,
601
2,67
7,91
8St
ate
Gov
ernm
ent A
genc
y Fu
nds
......
......
......
......
...1,
610,
412
3,13
8,46
0St
ate
Rev
olvi
ng F
und
(SPP
)...
......
......
......
......
...10
,064
,180
5,21
2,65
7
RM
13,7
77,1
93R
M12
,337
,255
21.
MIN
OR
ITY
SH
AR
EH
OL
DE
RS’
INT
ER
EST
Thi
s co
nsis
ts o
f the
min
ority
sha
reho
lder
s’ p
ropo
rtio
n of
sha
re c
apita
l and
rese
rve
of a
sub
sidi
ary.
22.
RE
VE
NU
E
Gro
up
Aut
hori
ty
2012
2011
2012
2011
RM
RM
RM
RM
Prof
it fr
om p
riva
tised
pro
ject
s...
......
13,8
35,5
3633
,339
,074
13,8
35,5
3633
,339
,074
Red
empt
ion
of th
ird
part
y ch
arge
......
...(3
,781
,440
)-
(3,7
81,4
40)
-Pr
ofit/
(Los
ses)
from
sal
es o
f com
plet
ed p
rope
rtie
s4,
193,
488
(1,2
04,6
87)
4,19
3,48
8(1
,204
,687
)
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.)
WARTA KERAJAAN NEGERI SABAH 1,20323 Julai 2015
Sale
s of
pro
pert
ies
and
deve
lopm
ent l
and
......
16,0
03,1
276,
427,
459
--
Insu
ranc
e co
mm
issi
on in
com
e...
......
-29
,215
--
Scra
p m
etal
com
mis
sion
......
......
-6,
352
--
Con
trac
t inc
ome
......
......
...50
1,90
4-
--
Oth
er c
omm
issi
on...
......
......
29,9
67-
--
Proj
ect m
anag
emen
t fee
......
......
194,
960
--
-
30,9
77,5
4238
,597
,413
14,2
47,5
8432
,134
,387
23.
OPE
RA
TIN
G P
RO
FIT
G
roup
A
utho
rity
2012
2011
2012
2011
RM
RM
RM
RM
Ope
rati
ng p
rofi
t is
arri
ved
at a
fter
cre
diti
ng:
Gai
n on
dis
posa
l of
prop
erty
, pla
nt a
nd e
quip
men
t36
,097
509,
896
36,0
9718
0,31
9G
over
nmen
t loa
n co
nver
ted
to g
rant
......
4,95
0,00
05,
738,
554
4,95
0,00
05,
738,
554
Inte
rest
inco
me
......
......
...2,
932,
466
2,97
3,26
82,
845,
576
2,89
2,90
9M
anag
emen
t fee
s...
......
...1,
091,
315
521,
271
1,09
1,31
552
1,27
1R
enta
l inc
ome
......
......
...3,
575,
291
3,75
9,39
03,
575,
291
3,75
9,39
0
22.
RE
VE
NU
E -
(con
t.)
Gro
up
Aut
hori
ty
2012
2011
2012
2011
RM
RM
RM
RM
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