ANNUAL REPORT · PDF file 100% Alam Samudera Corporation Sdn Bhd 100% Synergy Tours (Borneo)...

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Transcript of ANNUAL REPORT · PDF file 100% Alam Samudera Corporation Sdn Bhd 100% Synergy Tours (Borneo)...

  • A D VA N C E S Y N E R G Y B E R H A D

    A N N U A L R E P O R T 2 0 1 1

  • OUR VISION

    To be premier global corporation.

    OUR MISSION

    To attain success as a socially responsible global corporation which excel in every undertaking.

    OUR STRATEGY

    We seek synergistic partnerships and alliances to achieve our mission.

    WE ENSURE

    • Entrepreneurship excellence in all our pursuits.

    • Sustainable growth through identification and satisfaction of customers’ needs.

    • Productive partnerships with business associates, suppliers, employees and governments.

    • Fairness in all business dealings with partners, customers and suppliers.

    OUR VALUES

    • To Our Shareholders We ensure a fair return so that our shareholders will value their investment.

    • To Our Customers We value our customers by providing them with high quality products and services at competitive prices.

    • To Our Employees We care for our people by creating a conducive work environment, nurturing them to their fullest potential and recognising their contribution.

    • To Our Community We honour our social obligations and contribute to the economic and social wellbeing of every community in which

    we operate.

    Corporate Vision and Mission

    Logo Rationale

    This logo, circular in shape, comprises symbols which represent the fire, water, and earth elements in constant interaction. The interaction of these elements releases free flowing energy which produces the TREE, a symbol of all life on earth. Situated at the centre of the logo, the TREE represents the focus of the company goal which is the creation of wealth benefiting shareholders and society at large. The logo holistically, symbolises synergistic energy in motion.

  • 1 advance synergy berhad (1225-D)

    annual report 2011

    Group Corporate Structure as at 4 May 2012 2

    Notice of Annual General Meeting 4

    Board of Directors & Corporate Information 8

    Management Information 12

    Statement on Corporate Governance 13

    Additional Compliance Information 18

    Audit Committee Report 19

    Statement on Internal Control 23

    Corporate Social Responsibility 25

    Chairman’s Statement 27

    Financial Statements

    • Directors’ Report 32

    • Statements of Financial Position 37

    • Statements of Comprehensive Income 39

    • Statements of Changes in Equity 41

    • Statements of Cash Flows 44

    • Notes to the Financial Statements 48

    • Supplemantary Information on the 146 Disclosure of Realised and Unrealised Profits or Losses

    • Statement by Directors 147

    • Statutory Declaration 148

    • Independent Auditors’ Report to the Members of Advance Synergy Berhad 149

    Statement on Directors’ Interests 151

    Statistics on Shareholdings 152

    Statistics on ICULS Holdings 154

    List of Properties 156

    Proxy Form Enclosed

    Contents

  • 2 advance synergy berhad (1225-D)

    annual report 2011

    Group Corporate Structure as at 4 May 2012

    Advance Synergy Berhad (1225-D)

    HOTELS & RESORTS INVESTMENT

    HOLDING

    INFORMATION & COMMUNICATIONS

    TECHNOLOGY

    PROPERTY DEVELOPMENT

    TRAVEL & TOURS OTHER DIVISIONS

    OTHERS CARD &

    PAYMENT SERVICES

    TRADITIONAL CHINESE

    MEDICINE

    COACH BUILDING

    MANUFACTURING, MARKETING & DISTRIBUTION

    100% Advance Synergy Capital Sdn Bhd ("ASC")

    100% AESBI Power Systems Sdn Bhd

    100% ASC Credit Sdn Bhd

    100% ASC Equities Sdn Bhd

    100% Triton Engineering Sdn Bhd

    100% Triton Express Sdn Bhd

    100% Triton-K Sdn Bhd

    100% Triton Khidmat Sdn Bhd

    20% Kumpulan Powernet Berhad

    20% SIBB Berhad

    100% Synergy Petroleum Incorporated

    100% Advance synergy Realty Sdn Bhd

    100% Sadong Development Sdn Bhd

    95% Hotel Golden Dragon Sdn Bhd

    100% Simpang Tiga Realty Sdn Bhd

    61% Quality Bus & Coach (M) Sdn Bhd (Subsidiary of ASC)

    50% Quality Bus & Coach Pty Ltd

    100% Calmford Incorporated

    100% Advansa Pty Ltd

    100% Advansa Sdn Bhd

    100% Home Cinema Studio Pty Ltd

    100% Excellent Display Sdn Bhd

    80% Dama TCM Sdn Bhd

    100% Advance Synergy Timber Sdn Bhd

    100% Ausborn Sawmill Sdn Bhd

    100% Bornion Sawmill Sdn Bhd

    100% Excellent Arch Sdn Bhd

    100% Advance Synergy Furniture Sdn Bhd (In Liquidation)

    81% Acrylic Synergy Sdn Bhd (Subsidiary of NMC)

    100% Strategic Research & Consultancy Sdn Bhd

    100% Synergy Gold Incorporated

    100% Nagapura Management Corporation Sdn Bhd ("NMC")

    100% Xgo Technik Sdn Bhd

    70% Syarikat Fit and Weld Engineering (M) Sdn Bhd (In Liquidation)

    100% Alangka-Suka Hotels & Resorts Sdn Bhd

    100% Alor Setar Holiday Villa Sdn Bhd

    100% Antara Holiday Villas Sdn Bhd

    100% Asbina Hotel & Property Sdn Bhd

    100% Asbina Hotel & Property (Cambodia) Pte Ltd

    100% Cherating Holiday Villa Berhad

    100% Holiday Villa Subang Sdn Bhd

    100% Holiday Villa Travel & Tours Sdn Bhd

    100% Langkawi Holiday Villa Sdn Bhd

    30% M OOD Perfumes Sdn Bhd

    100% Mayor Hotels Sdn Bhd

    100% Super Leisure Sdn Bhd

    49% Smile Integrated Solution Sdn Bhd

    100% Alangka-Suka International Limited

    100% Holiday Villa Makkah Limited

    100% Interwell Management Limited

    100% Larkswood Assets Limited

    100% Asbina Shenzhen Limited

    90% Grand Holiday Villa Khartoum Co. Ltd

    90% P.T. Diwnagkara Holiday Villa Bali

    100% Alangka-Suka Paris SAS

    100% Holiday Villa Lafayette Paris SAS

    100% Grand Hotel Sudan Limited

    100% Holiday Villas International Limited

    100% Holiday Villa (UK) Ltd

    95% Holiday Villa China International Limited

    100% Changshu Holiday Villa Hotel Management Co. Ltd

    90% Holiday Villa Middle East Limited

    100% Legenda de Malaisie SAS

    40% Holiday Villa Hotels & Resorts Sdn Bhd

    40% Holiday Villa Kuala Lumpur Sdn Bhd

    100% Advance Synergy Properties Sdn Bhd

    100% Best Alpha Investments Limited

    100% Execellent Result Investments Limited

    100% Synergy Realty Incorporated

    100% Builderworks Pty Ltd

    100% Worldwide Matrix Sdn Bhd

    58.30% Unified Communications Holdings Limited

    100% Mobilization Sdn Bhd

    100% Unified Assets Sdn Bhd

    100% Unified Communications Pte LId

    100% AttrixTech Sdn Bhd

    100% Unified Communications (Private) Limited

    100% Unified Communications (VAS) Sdn Bhd

    89% Unified (Thailand) Ltd

    50% Unified Telecom Private Limited

    100% Unified Communications Sdn Bhd

    100% Ahead Mobile Sdn Bhd

    100% Unified Communications (Tech) Pte Ltd (formerly known as Attrix Technology Pte Ltd)

    100% Unified Communications (OSS) Sdn Bhd

    51% GlobeOSS Sdn Bhd

    100% GlobeOSS Pte LId

    100% Unified Communications (OHQ) Sdn Bhd

    10%

    100% Alam Samudera Corporation Sdn Bhd

    100% Synergy Tours (Borneo) Sdn Bhd

    100% Diversified Gain Sdn Bhd

    100% Orient Escape Travel Sdn Bhd

    100% Synergy Tours Sdn Bhd

    50% Le Indie Viaggi S.R.L

    100% Marketing and Event Management Integrated Sdn Bhd

    100% Motorsports Adventure Sdn Bhd

    100% Orient Escape Travel (Penang) Sdn Bhd

    51% iSynergy Sdn Bhd *

    100% Cosmoscourt.com (Malaysia) Sdn Bhd

    100% Datakey Sdn Bhd

    100% Rewardstreet.com (Malaysia) Sdn Bhd

    51% Synergy Cards Sdn Bhd * *

  • 3 advance synergy berhad (1225-D)

    annual report 2011

    * 29% of the equity interest of the company is held by ASC.

    ** 41% of the equity interest of the company is held by ASC.

    Advance Synergy Berhad (1225-D)

    HOTELS & RESORTS INVESTMENT

    HOLDING

    INFORMATION & COMMUNICATIONS

    TECHNOLOGY

    PROPERTY DEVELOPMENT

    TRAVEL & TOURS OTHER DIVISIONS

    OTHERS CARD &

    PAYMENT SERVICES

    TRADITIONAL CHINESE

    MEDICINE

    COACH BUILDING

    MANUFACTURING, MARKETING & DISTRIBUTION

    100% Advance Synergy Capital Sdn Bhd ("ASC")

    100% AESBI Power Systems Sdn Bhd

    100% ASC Credit Sdn Bhd

    100% ASC Equities Sdn Bhd

    100% Triton Engineering Sdn Bhd

    100% Triton Express Sdn Bhd

    100% Triton-K Sdn Bhd

    100% Triton Khidmat Sdn Bhd

    20% Kumpulan Powernet Berhad

    20% SIBB Berhad

    100% Synergy Petroleum Incorporated

    100% Advance synergy Realty Sdn Bhd

    100% Sadong Development Sdn Bhd

    95% Hotel Golden Dragon Sdn Bhd

    100% Simpang Tiga Realty Sdn Bhd

    61% Quality Bus & Coach (M) Sdn Bhd (Subsidiary of ASC)

    50% Quality Bus & Coach Pty Ltd

    100% Calmford Incorporated

    100% Advansa Pty Ltd

    100% Advansa Sdn Bhd

    100% Home Cinema Studio Pty Ltd

    100% Excellent Display Sdn Bhd

    80% Dama TCM Sdn Bhd

    100% Advance Synergy Timber Sdn Bhd

    100% Ausborn Sawmill Sdn Bhd