ANNUAL REPORT 2014 - raintree.com.my · Internal Audit Tender Board Legal & Constitutional Rules...

ANNUAL REPORT

2014

3

CONTENTSPatron

General Committee 2014/2016

Message From President

General Committee MeetingAttendance List-Term 2014/2016

Committees, Sub-Committees& Organizing Committees 2014/2016

Management Team

Staff

Reports Of The General CommitteeOn The Affairs Of The Club

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FinanceFood & BeverageHouse & GroundsInternal AuditTender BoardLegal & Constitutional RulesMembershipPublic Relations and CommunicationsRecreation & EntertainmentSpecial Projects DevelopmentSportsStaff Affairs & Establishment

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Reciprocal Clubs

Calendar of Activities From July 2014 - June 2015

Financial Statements For TheYear Ended 31 December 2014 & Auditors’ Report

Minutes Of The 29th Adjourned Annual General Meeting

Attendance List Of Adjourned29th Annual General Meeting

Notice Of The 30th Annual General Meeting

Y.A.M. TUNKU NAQUIYUDDIN IBNI AL-MARHUMTUANKU JAAFAR

D.K.N.S, D.K.Y.R, S.P.N.S, P.P.T, P.J.K.

PATRON

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Mr. Winson Han Mean KwongPRESIDENT

Mr. Peter Yu Kok AnnVICE PRESIDENT

Mr. Barry Chong Kim TeckSECRETARY

Mr. Peter Lim Chee MinTREASURER

En. Ismail HassanMr. Gordon B ReidMr. Ng Boon KuanMr. Michael Chong Siew WengMr. Richard Yeoh Yong Wai

COMMITTEE MEMBERS

GENERAL COMMITTEE 2014/2016

Standing left to rightMr. Michael Chong Siew Weng, Mr. Ng Boon Kuan, Mr. Gordon B. Reid, Mr. Richard Yeoh Yong Wai, En. Ismail Hassan

Mr. Barry Chong Kim Teck, Mr. Winson Han Mean Kwong, Mr. Peter Yu Kok Ann, Mr. Peter Lim Chee MinSitting left to right

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MESSAGE FROM PRESIDENT

et me begin by saying that the second term of my presidency has turned out to be as challenging as the first, if not more so, due to the rapid change in both the external and internal operating environments. In particular, we have faced the implementation of major projects, the migration of the existing management information system to a new one, the change in tax regime from SST to GST, plus the formulation and implementation of policy changes in a number of departments. These challenges have been taken up and largely resolved with ingenuity by the management, with the close supervision and support of the GC chairpersons of the various portfolios and of the relevant sub-committees, as well as the GC as a whole.

Finance has remained a key focus for the GC, as the Club has continued the trend of the last five years in posting annual deficits – with 2014 producing the highest deficit since 1993 of RM 995,560. The main cause of this trend is, quite simply, inflation. The effects of this can be clearly seen in the rising costs of energy and utilities, as well as other expenses. This has gone hand in hand with another worrying trend, namely the continuing slide in slot machine income, which fell to an all-time low of RM 1,025,220 in 2014 from a high of RM 2,075,995 in 2008, depriving the Club of much needed funding. As most of you would know, slot machine income has, worryingly, been a key element in keeping the Club a financial even keel for many years. Meanwhile, the Club’s F&B operations still require to be funded, with revenue not able to cover operational costs – the shortfall was RM 246,245 in 2014.

Despite the continuous efforts by successive GCs over the years to keep operational costs at bay,the gradual increase in these – an inevitable result of wider inflation – has resulted in a cumulative deficit over the past five years of RM 2,217,741. The Club simply cannot go on sustaining such deficits, and indeed it needs to strengthen its revenue stream to maintain adequate reserves and ensure the Club has enough funds to maintain and improve its facilities for Members. The GC and management have tried, and will continue to try, to increase revenue from F&B, membership (through sales of terminated memberships) and promoting the slot machine room. But the reality, as the past five years have shown, is that these sources will not be enough to cover our repeated deficits, let alone to build up reserves, in face of wider inflationary pressures.

Against this background, the main, indeed only source that can provide us with a sustainable and reliable stream of revenue are Members’ subscriptions. Subscriptions have throughout the Club’s existence contributed the vast bulk of the Club’s income. If we look at the historical levels of subscription, it is hardly surprising that the Club has struggled to make ends meet in recent years. The monthly subscription was last raised, from RM80 to the present level of RM100 a month, in March 1993 – over 22 years ago! In short, the GC feels that an increase in the monthly subscription is both essential to sustain and rejuvenate the Club’s finances, and is justified after 22 years. We shall be putting this to the forthcoming AGM.

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Food & Beverage is an integral part of clubbing, and to some extent the success of a Club is dependent on the quality of its food and level of service. I am pleased to be able to state that the F&B at the Raintree is doing quite well, despite the deficit in its operations. We were particularly pleased to have been able finally to reopen a revamped and upgraded LilaSari in 2014, providing excellent but reasonably priced fine dining as well as an additional venue for Members to hold functions. We have also revamped the Coffee House menu. The GC believes the Club should continue to concentrate on what we are good at, namely Western and fusion cuisine as well as traditional local fare. Of course there are always areas for improvement in any service organization, and Members are encouraged to provide feedbacks to help us improve the Club – not just in F&B but in any area of the Club’s operations. The easiest way to do so is by email; and we have a dedicated email address for feedback: [email protected]

Along with F&B, Sports and Recreation have always been another main reason why our Members join the Club. The Club will continue to maintain and improve the facilities necessary for the enjoyment of our Members (as we have done in the past couple of years with the repairs and upgrading of the main indoor sports hall as well as the outside tennis courts). We will also continue to promote and organize events and activities. However, bearing in mind the financial background explained earlier, the Club cannot be as generous as in past “surplus” years in providing subsidies to fully fund such activities and events. The Club will support, but participants and stakeholders in such events and activities will need to make a reasonable contribution themselves.

External developments around the Club also have implications for us. The most visible recent one is the new interchange and highway that are being built across the junctions of Jalan Ampang/Jalan Jelatek and (even closer to the Club) Jalan Ampang Hilir/Jalan Desa Pandan. For the safety of our members, we have relocated the main entrance of the Club to the side road – Jalan Wickham. The second development of interest to the Club is the relocation of the campuses of the International School of Kuala Lumpur, presently in Ampang and Melawati, to a single campus on Jalan Ampang Hilir covering an area of 26 acres. Work on the premises has commenced and the school is slated to open there in 2017. The close proximity of the ISKL new campus, with around 2,500 pupils (and the families that go with them), should augur well for the Club, increasing our potential to attract new Members and increase patronage of our F&B outlets.

Last but not least, allow me to record my appreciation to the members of the General Committee for spending so much of their valuable time on Club matters, cracking their heads on issues and coming up with workable solutions. All these are done at the expense of time away from personal and work pursuits and from family. I extend similar appreciation to all the members serving in the Club’s many sub-committees and various elected committees, as well as to the management and staff. Not to forget the many Members who have taken the time and trouble to attend our various recent General Meetings, or to pen emails or letters to the Club with your comments andsuggestions. We thank you all for your support.

Regards

WINSON HAN MEAN KWONGPRESIDENT

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GENERAL COMMITTEE MEETINGATTENDANCE LIST TERM 2014/2016

From 25th Meeting (23/07/2014) to 27th Meeting (19/9/2014)

PresidentVice PresidentSecretaryTreasurerCommittee MemberCommittee MemberCommittee MemberCommittee Member

33232233

Mr Winson Han Mean Kwong Mr Lee Soon Chiong Mr Barry Chong Kim TeckMr Peter Lim Chee MinEn Ismail HassanMr Peter Yu Kok Ann Mr Chow Seck KaiMr Gordon B Reid

From 1st Meeting (7/10/2014) to 9th Meeting (30/6/2015)

Mr Winson Han Mean KwongMr Peter Yu Kok Ann Mr Barry Chong Kim TeckMr Peter Lim Chee MinEn Ismail HassanMr Gordon B ReidMr Ng Boon KuanMr Michael Chong Siew WengMr Richard Yeoh Yong Wai

PresidentVice PresidentSecretaryTreasurerCommittee MemberCommittee MemberCommittee MemberCommittee MemberCommittee Member

889687988

Total number of scheduled meetings held

Total number of scheduled meetings held 3

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TERM 2012/2014

TERM 2014/2016

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TENDER BOARD COMMITTEEChairman - Mr Peter Lim Chee MinCommittee Members - Mr Benjamin Siew Sau Chee Mr Wong Kok Jong Mr Looi See Chiong

INTERNAL AUDIT COMMITTEECommittee has not been filled up due to the absence of candidates.

DISCIPLINARY COMMITTEECommittee Members - Mr Wong Kok Jong Mr Yau Seng Yeap (Appointed 14/4/2015)

LEGAL & CONSTITUTION COMMITTEEChairman - Mr Barry Chong Kim TeckDeputy Chairman - Mr Gordon B. ReidCommittee Member - Mr Aric Low Han Men

FINANCE COMMITTEEChairman - Mr Peter Lim Chee MinDeputy Chairman - Mr Winson Han Mean KwongCommittee Member - Mr Chow Seck Kai

MEMBERSHIP COMMITTEEChairman - Mr Ng Boon KuanDeputy Chairman - Mr Peter Lim Chee MinCommittee Members - Ir Bruce Chan Siew Keat Dr Michael Chiam Tow Hui Mr Robert Gerald Clarke Mr Tho Yow Yin

SPECIAL PROJECTS DEVELOPMENT COMMITTEEChairman - Mr Peter Yu Kok AnnDeputy Chairman - En Ismail HassanCommittee Members - Mr Ben Kam Kwan Beng Mr Pang Tse Shing Mr Cheng Heng Jui Mr Terry Wong Mun Yew Mr William Ho Chee Weng

HOUSE & GROUNDS COMMITTEEChairman - En Ismail HassanDeputy Chairman - Mr Ng Boon Kuan

STAFF AFFAIRS & ESTABLISHMENT COMMITTEEChairman - Mr Winson Han Mean KwongDeputy Chairman - En Ismail HassanCommittee Members - Mr Richard Yeoh Yong Woi Mr Chow Seck Kai

COMMITTEES & SUB-COMMITTEES 2014/2016

ELECTIONS COMMITTEEChairman - Mr Low Teik Yam (Appointed 3/8/2015)


PR & COMMUNICATION COMMITTEEChairman - Mr Gordon B. ReidDeputy Chairman - Mr Barry Chong Kim Teck

FOOD & BEVERAGEChairman - Mr Peter Yu Kok AnnDeputy Chairman - En Ismail Hassan

SPORTS COMMITTEEChairman - Mr Michael Chong Siew WengDeputy Chairman - Mr Richard Yeoh Yong Woi

TENNIS SUB-COMMITTEEConvenor - Mr Shane Reza LaiCommittee Members - Mr Andy Liew Heng Onn Mr Roger Tan Shan Kee Mr Danny Yeap Yau Yee Mr Ron Chin Hoi Wei Mr Selvarajoo a/l Singaram (Appointed 27/5/2015)

BADMINTON SUB-COMMITTEEConvenor - Mr Pang Tse Woon (Appointed 2/4/2015)

Committee Members - Mr Wong Chin Keat Mr Chan Weng Thai Mr Teo Chin Inn

GOLF SUB-COMMITTEEConvenor - Ms Jacqueline Cheong Mr James Lai Kim Hon En Mohd Izham Ismail Mr Lee Kwok Meng

TABLE TENNIS SUB-COMMITTEEConvenor - Mr George Lu Kee SirCommittee Members - Mr Gary Looi Hock Sing Mr Chan Kam Pooi Mr Justin Lee Shyan Luen Mr Won Yoo Wai Ms Lynn Lim Kuai Feng

SQUASH SUB-COMMITTEEConvenor - Mr Yau Seng YeapCommittee Members - Mr Wong Kok Jong Mr Daniel Lim Hing Siang Mr Eng Ding Chao

DARTS SUB-COMMITTEEConvenor - Mr Gubdave SinghCommittee Members - Mr Harry Ng Kim Fan Mr Gary Looi Hock Sing Ms Janet Cheah Mee Moi (Resigned May 2015)

Mr Eddie Choong Hon Khean Mr Jimmy Chong Lip Chee

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SNOOKER SUB-COMMITTEEConvenor - Mr Wesley Lau Wai HuanCommittee Members - Mr Stephen Chu Teck Ming En Adnan Zainy b Mohd Zain Mr Leo Yap Hon Luong Ms Jelina DennisRECREATION & ENTERTAINMENT COMMITTEEChairman - Mr Richard Yeoh Yong WoiDeputy Chairman - Mr Michael Chong Siew Weng

LINE DANCING SUB-COMMITTEEConvenor - Mrs Anna Wong Siew Wan Mrs Michelle Kong Mrs Esther Choo Ms Shirley Teh Lian Hoi Mrs Betty Ng

BALLROOM SUB-COMMITTEEConvenor - Madam Ngan Lee Fan

PILATES-LATINO SUB-COMMITTEEConvenor - Mrs Margie Kok

CHILDREN’S LIBRARY SUB-COMMITTEEConvenor - Mrs Margaret YeeCommittee Members Mrs Martina Mary Morrissey Mrs Rona Wong Ms Selina Liew Mrs Karen Au Mun Yee

MAHJONG SUB-COMMITTEEConvenor - Mr Allen Tee Choon PungCommittee Members - Mr Jeffrey Low Kim Keat Mr Peter Leong Kim Swee

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MANAGEMENT TEAM

Standing left to rightMohd Amirudden Khairul Annuar, Dino Ramsi, Brian Ho Chee Fai, Hadi Abdul Aziz, Perumal A/L Ponnan

Shirley Lieng, Nicole Tan, Steven Goh, Lawrence Lee, Surina Low Abdullah, Norliza Md Noor, Hanizah Syima RozaliSitting left to right

Lawrence LeeGENERAL MANAGER

Steven GohFINANCE & ADMIN MANAGER

Nicole TanMARKETING AND COMMUNICATION MANAGER

Hadi Abdul AzizSENIOR FOOD & BEVERAGE EXECUTIVE

Dino RamsiEXECUTIVE CHEF

Brian Ho Chee FaiSENIOR SPORTS & RECREATION EXECUTIVE

Surina Low AbdullahSENIOR ACCOUNTS EXECUTIVE

Norliza Md NoorMEMBERSHIP EXECUTIVE

Shirley LiengADMIN & HR EXECUTIVE

Mohd Amirudden Khairul AnnuarGRAPHIC DESIGNER

Perumal A/L PonnanASSISTANT MAINTENANCE EXECUTIVE

Hanizah Syima RozaliASSISTANT FOOD AND BEVERAGE EXECUTIVE

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STAFF

EPORTS OF THE GENERALCOMMITTEE ON THE AFFAIRSOF THE CLUB

R

COMMITTEE MEMBERSChairman - Peter Lim Chee MinDeputy Chairman - Winson Han Mean KwongCommittee Member - Chow Seck Kai

During the period from July 2014 to June 2015, meetings were held to discuss finance related matters of the Club including the analysis and approval of 2015 Budget for the Club.

FINANCIAL SUMMARYWe have pleasure in presenting the summary of the financial report of the Group (The Raintree Club of Kuala Lumpur and its subsidiary, Raintree Developments Berhad) forthe year ended 2014.

2014 2013 VarianceRM’000 RM’000 RM’000

Operation Income 3,278 2,960 318Administrative Expenditure (4,047) (3,820) (227)

(769) (860) 91Fund For Club ActivitiesTotal Deficit

Operating Deficit(720) (753) 33

(1,489) (1,613) 124Other Income - Slot Machine 1,025 1,294 (269) FD Interest (Net of Tax) 125 194 (69)Non cash item - DepreciationNet Deficit For The Year

(656) (502) (154)(995) (627) (368)

• Increase in the administrative expenditure of RM 227,000 and depreciation of property, plant and equipment of RM 154,000.

The Group recorded a net deficit of RM995,000 for the year ended 31 December 2014 compared to a lower deficit of RM627,000 in 2013.The increase in deficit is mainly contributed by:

• Decrease in slot machine income and interest income by RM 269,000 and RM 69,000 respectively.

FINANCE

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2014

OPERATION INCOME COMPOSITION

2014RM

2013RM

VarianceRM

Operation IncomeMembers subscriptions 2,194,624 2,182,994 -Food and beverages outlets (246,245) (61,549) >100%Concessionaires outlets 75,689 68,196 11.0%S & R - Coaching commission 44,513 47,632 -S & R - Locker rental 96,798 89,167 -Miscellaneous revenue 1,112,838 633,957 75.5%

3,278,217 2,960,397

FINANCE

Memberssubscriptions

67%

Miscellaneous revenue34%

S & R - Lockerrental3%

S & R - Coachingcommission

1%

Concessionaires’outlets2%F&B outlets

-7%

FINANCE

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ADMINISTRATIVE EXPENDITURE COMPOSITION

2014

CLUB PERFORMANCE 2010 TO 2014

Personnelemoluments & benefits

48%

Quit rent andassessment

2%

Repairs &maintenance

7%

Administrationand others

18%

Energy costs &utilities25%

(500,000)

(1,000,000)

(1,500,000)

(2,000,000)

(2,500,000)

500,000

-

(135,185) 142,465 52,450 (392,100) (774,263)

(1,459,878)

Surplus/(Deficit) Before Tax Total Deficit

(1,390,630) (1,237,132) (1,613,763) (1,488,923)

2010

2011 2012

2013 20

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FOOD AND BEVERAGE

2014 RM

2013RM

VarianceRM

Kenanga Coffee House 1,498,572 1,711,760 (213,188)

Banquet Functions 248,829 3,686 245,143

Teratai Bar 249,298 223, 602 25,696

Music Room (Karaoke) 57,306 66,968 (9,662)

Hall Rental 85,289 500 84,789

Gross Sales 2,139,294 2,006,516 132,778

Less : F & B Expenses (1,124,884) (1,175,515) 50,631

Net Sales 1,014,410 831,001 183,409

Less: Expenditure -

Staff cost 1,093,134 794,818 298,316

Energy costs & consumables 65,512 50,090 15,422

Maintenance & repairs 35,307 629 34,678

Replacement/ supplies 66,702 10,875 55,827

Artists and entertainers - 36,138 (36,138)

(Deficit)/ Surplus

(1,260,655) (892,550) (368,105)

(246,245) (61,549) (184,696)

FINANCE

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SPORTS AND RECREATION

INCOME AND EXPENDITURE

INCOME EXPENDITURE RM RM

Surplus/ (Deficit)

Badminton 12,176 11,131 1,045 Bowling 19,558 497 19,061

Golf 7,376 16,404 (9,028)

Mahjong 3,955 80 3,875

Snooker 765 4,263 (3,498)

Squash 4,088 14,337 (10,249)

Swimming 13,326 180 13,146

Tennis 82,810 22,467 60,343

Table Tennis 1,676 10,155 (8,479)

Darts 820 3,862 (3,042)

Karaoke 6,025 17,938 (11,913)

Basketball 180 144 36

Sports Dance 723 11,006 (10,283)

153,478 112,464 41,014

FINANCE

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The food and beverage (F&B) team faced a stimulating and interesting year throughout 2014/2015. Over the year these activities caters different promotions for member’s patronage at these outlets.

KENANGA COFFEE HOUSE

Daily specialities are available featuring local and western cuisine. Special monthly promotions featuring distinctive item were also offered each month.

During Chinese New Year, a special menu Yee sang was created by the chef during Chinese New year festivities period.

During Hari Raya Aidil Fitri, Ramadhan set dinner was organised at the Kenanga Coffee house for a month period to cater to Muslims to break their fast.

During Christmas, a set menu consisting of roasted turkey was also available for sale to members during the month of December; in the response the sale of roasted turkeys was excellent.

TERATAI BAR The ongoing “Bar Nite” held monthly on every last Friday of the month is still as popular as ever. Intended for members attending the “Bar Nite” at the Bar, members continue to enjoy draft beer at heavily subsidised price despite the increase in the cost of draft beers. Members are entertained by singers at Teratai Bar on every Friday night. Band performance is available live from at 8.30 p.m. to 12.00 midnight.

LILASARI

Lilasari have been officially re-opened on 23rd January 2015 catering to Western fine dining palate. Fine dining restaurants are full service restaurants with specific dedicated meal courses.

Décor at Lilasari features higher-quality materials, with an eye towards the "atmosphere" desired by the members of the club. Fabulous gourmet set lunch is available every Wednesday to Friday while intimate wonderful set dinner is available every Wednesday to Saturday.

Lilasari have certain rules of dining which visitors are generally expected to follow including dress code. Our food portions are visually appealing coupled with an entertaining environment with unbeatable quality at an exceptional price.

BANQUET

Banqueting an integral part of food & beverage activities of the Club. The Club and caterer offers many attractive packages catering for various occasions; ranging from wedding receptions, corporate dinners and garden parties to meetings and conferences.

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FOOD & BEVERAGE

HOUSEKEEPING

The Housekeeping Department has been working diligently to maintain The Club's cleanliness and still perpetuate with the old furniture as a nature of the club epitome. Housekeeping will always give immediate attention to the members who come to complain and as well as provide a suggestions. This will help The Club to achieve a higher standard from the cleanliness up to maintenance.

The House and Grounds Sub-Committee held regular monthly meetings to discuss and implement measures improvement towards the betterment of the Club facilities on a regularly basis.

MAINTENANCE

Task carried out for the year as follows

1. Installed new 2.0 hp ceiling expose split unit air-condition at Snooker Room.2. Replaced new carpet and wall paper at Lilasari Restaurant.3. Replaced 4 units ceiling expose split unit air-condition at Gymnasium.4. Replaced badly corroded and leaking 2”gi pipe above ceiling Coffee House dining area.5. Repaired and replaced Outdoor Tennis Court wooden huts.6. Carryout white ant treatment at above Banquet hall wooden structure.7. Replaced new fabric for Bowling Alley side entrance awning.8. Installed new hand held hair dryers at Members Male and Female Lockers.9. Repainted metal fencing and parameter wall surround club house area.10. Varnished wood work surround club house.11. Replaced 60” LCD TV at Coffee House.12. Upgraded landscaping work.13. Replaced LED spot lights at Badminton Court outer wall.14. Replaced carpet at Adult Reading Room and Children Study Room.15. Sanded parquet floor and install wall paper passageway to Cempaka Hall.16. Upgrading works on Old guard house.

House and Grounds follow up task

1. To upgrade the hot water system in the Male and Female Changing rooms.2. To install new awning fronting the Swimming Pool leading to the Children Library.3. The club facilities are regularly maintained and upkeep to pristine condition even though the club is 30 years old.

SECURITY

Security guards have been successful in preventing and controlling a few untoward incident which happened in The Club . The Security department is making headway with better organized management resulting from the appointment of Security Executive.

On dated 20th July, 2015, start operations new main gate and fully use the accessed card.

HOUSE & GROUNDS

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TENDER BOARD

Design, Supply, Installation of 6 Outdoor Tennis Court Resurfacing and Upgrading of Tennis Court Lighting Fixtures

3 tenders were received. Tennis Court Builders (M) Sdn. Bhd. was awarded the tender at a cost of RM297,600. The tender amount approved at the Extraordinary General Meeting on 7 July 2013 was RM300,000.

New Membership Cards with printer

5 tenders were received. WBiz Tech Sdn. Bhd. was awarded the tender at a cost of RM50,756.

Staff Uniforms

2 tenders were received. Cold Rush Image Code Sdn. Bhd. was awarded the tender at a cost of RM29,380.

1.

2.

3.

In 2014, the Tender Board held meetings to approve the following tenders:

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INTERNAL AUDIT

No report was received from the Internal Audit Committee.

KL Sessions Court Summons No. 52-11252-03/2012 between Benjamin Siew Sau Chee (representing the Club as the Plaintiff) against Chan Chow Wang, Rattan Singh, Ong Liang Beng and Hor Ah Kow. The claim is to recover the sum of RM25,000 which the four (4) former General Committee members who had purportedly utilized to fund their PERSONAL suits against the Club.

On 3rd April 2014, the KL Session Court Judge had delivered her decision in favour of The Club. Specifically, the 4 Defendants had been ordered to refund theRM25,000 to the Club and costs had been allowed against the Defendants. The Court had also rejected the Defendants’ counterclaim for defamation and the refunds of the penalties and costs paid for the committal proceedings and for alleged damages suffered due to embarrassment and humiliation.

The defendants filed appeals in the High Court against the decision. The 2 appeals were heard on 13th May 2015 and the learned Judge fixed 17th June 2015 for delivery of decision. On 17th June 2015, the learned Judge dismissed both the appeals with costs of RM 10,000 for each appeal to be paid to the Club.

The sealed copy of the judgement of the Sessions Court was obtained by the Club’s Solicitors in June 2015 and the Solicitors are in the process of recovering the principal sum of RM 25,000 and all the costs awarded against the defendants.

1)

LEGAL & CONSTITUTIONAL RULES

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In response to the calls by Members at the AGM held on 29th September 2013(reit-erated at earlier AGMs), the General Committee was given the responsibility to study and propose appropriate changes to our Constitutional Rules in order to improve and bring it up to date. The General Committee in turn tasked the Legal, Constitutional and Rules Sub-Committee to take on the significant role to amend the Constitutional Rules. The Constitutional Rules was last revised in August 2000, and then only with some relatively minor amendments.

An Extraordinary General Meeting (EGM) was held on 16th March 2014 to consider and approve amendments to the Constitutional Rules. Due to the numerous proposals and suggestions put forward from the floor, it was decided to adjourn the EGM to allow for further consultations with interested Members.

Four (4) dialogue sessions were since held on 28th April 2014, 5th May 2014, 12th May 2015 and 10th June 2015 with the aim to produce a revised text for Member’s approval at an EGM. The final revised text is now completed and an EGM will be convened on 26th July 2015 to approve the final revised Constitutional Rules.

LEGAL & CONSTITUTIONAL RULES

2)

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MEMBERSHIP

The Membership Committee’s primary role is to interview all applicants in order to maintain the standards of membership of the Club. Applicants who meet the criteria are recommended to the General Committee for final approval.

During the period under review (June 2014 to June 2015), the Membership Committee conducted thirteen (13) sets of membership interviews. A total of one hundred and ninety two (192) applications were processed and approved as follows:-

Membership Category

Individual

Corporate

Term

Total

173

4

15

192 192

173

4

15

Applicants Received Applicants Approved

January 2014 to December 2014

2nd Generation

Sibling

Ordinary

Total

13

1

24

38

Membership Category No of Members

Individual

Corporate

Term

Honourable

Vacant

Total

1670

153

41

2

4

1870

January 2015 to December 2015

2nd Generation

Sibling

Ordinary

Total

4

2

21

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The Club has sold Terminated Memberships as per below categories:-

At the end of June 2015, the total unsold Terminated Memberships stood at 131 as compared in the 2014 stood at 196.

Also at the end of June 2015, the total Membership roll of The Raintree stood at 1870, sub-divided as follows:-

The Club had increased the Transfer Fee from RM3,300.00 to RM4,000.00 effective1st May 2015.

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AGE GROUP OF MEMBER

20-30 Years30-40 Years40-50 Years

50-60 YearsAbove 60 Years

32%

8%

42%

2%

16%

The Membership Committee also organises Members’ Introduction Nights (MINs), at which new Members are formally introduced to the General Committee and receive their full-fledged membership cards from the President. Four (4) Members’ Introduction Nights were held in the period under review, as follows:-

DEMOGRAPHIC CHART OF MEMBERSHIP AS AT JUNE 2015

20143rd May 2014

16th August 2014

201517th January 2015

11th April 2015

NATIONALITY

MalaysianOthers

ChineseMalay

IndianOthers

7%

93%

RACE

74%

6%13%

7%

MEMBERSHIP

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AGE OF MEMBERSHIP

0 - 5 Years5 - 10 Years10 - 15 Years

15 - 20 Years20 - 25 YearsAbove 25 Years

16%

12 %

9%

22%

28%

13 %

DEMOGRAPHIC CHART OF MEMBERSHIP AS AT JUNE 2015

MEMBERSHIP

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GENDER

81%

Male

Female

19%

LOCATIONS

Petaling Jaya

Kuala Lumpur

Ampang

Outside Klang Valley

Shah Alam

10 %

8 %2%

67%

13 %

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Our regular Club newsletter continues to be the main source of information for Members on events, activities and news. However, producing it is resource-intensive in terms of both staff time and money. Our plan is to scale back gradually on the Samanea, replacing it increasingly with much improved e-communication with Members (see below). As a first step in this process, the Samanea moved to quarterly publication from the July 2014 edition onwards, in place of the previous bimonthly editions; although we did at the same time increase the number of pages from twenty to twenty-four. We also added a new feature called “Chef Creation”, in which our fabulous in-house chef Dino shares coffee house recipes to enhance Members’ cooking skills.

The existing Club website has never really taken off. Its presentation and content have frankly speaking been poor and, partly as a result, not many Members have used it. We nevertheless believe that, in this highly e-connected age, the Club should be moving increasingly towards electronic communication. At the heart of that, we need a new, better, fresher and more up-to-date website. To that end, we are currently in the process of revamping the website and relaunching it with a new website provider. We are hopeful that the new website will become a more effective and efficient tool for communication, both internally with Members and externally to raise awareness and advertise the Club to potential new members.

The new website is due to be launched in November. Watch this space for further news! Meanwhile, all Members should please make sure that we have your up-to-date correct email address(es), as we also plan to make much more extensive use of email blasts to communicate urgent and important messages in the future.

The kiosk located at the lobby next to reception became operational on June 2015. It is now available for Members use.Check it out for: * E-Statement : Check your statement history and minimum spending* Promotions : Find out about the latest Club promotions* News : Other news from and about the Club

PUBLIC RELATIONS AND COMMUNICATIONS

SAMANEA

WEBSITE

ELECTRONIC RAINTREE KIOSK

PUBLIC RELATIONS AND COMMUNICATIONS

Raintree is trying to move towards becoming an eco green club by taking various initiatives to save and preserve the environment. These include:

*Save Energy, Save Water & Save the EnvironmentThe aim is to reduce the amount of energy we use, both to save money and help the environment. Look out for the “Switch Off” stickers on electrical switches around the Club – and above all follow what they say by switching off appliances (such as lights or fans) when these are not in use and not needed.

* Bring Your Own Container (BYOC)

Takeaway charges applies for each plastic container from food & beverage outlets beginning 1st March 2015.

*Ditch The Plastic! Go Green!

We no longer supply plastic bags at the Sports Counter with effect from 1st April 2015. Members who need a bag to store their wet belongings in after sports should bring their own.

*Save a Tree! Make an E-Statement!

The Club will begin to issue electronic statements from 1 July 2015 in order to save paper, postage cost and missing mail. We plan to move over to a fully paperless billing system soon.

ECO GREEN CLUB

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I CHOOSE TORECYCLE

Care for us while we care for your future generation.

Raintree Club held its annual karaoke affair on 5th July 2014 in the Cerating Hall. The competition aims to pick the best singers of Raintree to participate in the annual Inter-Club Karaoke competition 2014, hosted by Royal Lake Club on 15 November 2014 after the National Press Club had opted out from the joint competition.

A larger crowd of 180 Members and their Guests had witnessed the singing competition with higher standard ratings by 3 qualified judges. All the 17 Solo contestants and 6 pairs of Duet contestants performed to the cheering crowd to clinch the Solo and Duet Champions title.

Recently, the Club had upgraded its ktv machine with newer and better varieties of songs at the Karaoke lounge. We welcome and encourage more Members to patronize the Karaoke lounge.

The Club is in need of a group of active Members to join and become Karaoke Organizing Committee members, to continue organizing the karaoke activities for Club members.

The Dance Sports comprise of 4 dance and exercise group sections, namely Aerobics, Ballroom & Latin, Line Dance and Latino-Pilates.

These vibrant Dance Sports activities and weekly classes; majority attended by ladies of all ages have gained its reputation as a health and fitness regime for its participants who believed ‘Health is Wealth’.

On 17th August 2014, the Line Dance Organizing Committee held its Zumba Fitness Charity Party, in aid of the Spastic Children’s Association of Selangor & Federal Territory (SCASFT). Our objective to help them to build enough funds to overcome the rising cost of maintaining caring cost and equipment expenses for 200 spastic children in the country besides to expand the much needed spaces to house the supportive facilities. The event had successfully raised RM27, 000 through selling tickets, local fruits stores, packaged health food, organic wild honey, Dunkin donuts, fitness attires and grooming kits in addition to hand-made crafts. The event which was held on a Sunday afternoon for merely a 3-hour event had attracted more than 200 people to a crowded Cerating Hall.

On 19th October 2014, the Latin-Salsa Organizing Committee held its Latin Salsa Tea Dance at Cerating Hall for its Latin Salsa students and guests for a 3-hour session of music and dance. Led by their Latin-Salsa teacher, Mr. Wong Khai Hoong; the 40 over people enjoyed the evening with good music and sumptuous afternoon tea spread. Additional Latino Jamming was held on 7th December 2014, led by professional trainer, Mr. Tony Hooi cheered the group with his flamboyant dance workout.

31

RECREATION & ENTERTAINMENT

KARAOKE

DANCE SPORTS

DANCE SPORTS (Continued)

The Children’s Library Organizing Committee continued with their library activities for the Members children to spend quality time on their weekends in the Club; by enhancing their creative minds in making gifts, Halloween crafts, pre-school holiday activities, festive cards and ‘Thank you’ souvenirs for their proud parents.

Some of the past children’s library projects 2014 involved were:

24 August 2014 - Merdeka Colouring Contest 201428 September 2014 - Tissue Holder & Halloween Craft16 November 2014 - Pre-School Holiday Party

In the first half of 2015, more monthly activities were held, these were:

18 January 2015 - Making Pencil Holder8 February 2015 - Valentine’s & CNY Craft29 March 2015 - Easter Handcraft26 April 2015 - Mother’s Day Gift 31 May 2015 - Father’s Day Gift

The crème de la crème ladies of Raintree continued to perform for the Club at the‘Chinese New Year’ Line dance on 1st March 2015.

Towards the 2nd half of 2015, the Line Dance Organizing Committee plans to have a charity event to help raising funds for to a few targeted charitable organisations. The proposed charity event headed by Line Dancing committee on behalf of Raintree is to fulfil the social responsibility of our club by raising funds for the less fortunate and under privileged. An addition to its dance group, we have introduced a new kid on the block, ‘Zumba Fitness’. This programme kick-started on May 2015 with its Sunday afternoon classes at 3pm, led by a young and energetic instructor, Mr. Kelvin Wong.

The Line Dance group will be participating in the Royal Selangor Club’s annual line dance party on 23rd August 2015 by sending 11 active dancers in a line dance performance choreographed by our very own Betty Ng.

The 4 Dance Sports section together with their various dance and fitness ‘gurus’ will continue to create more vibrant activities for the benefits and enjoyment for all the Members of Raintree Club.

CHILDREN’S ACTIVITIES

RECREATION & ENTERTAINMENT

32

SPECIAL PROJECTS DEVELOPMENT

OUTDOOR TENNIS COURTS

Resurfacing of 6 outdoor tennis courts and replacement of tennis courts lights

The project was initiated in the month of June 2014 and completed in the month of October 2014. The project includes the following works

1. Resurfacing of the outdoor tennis courts.2. Concealing all exposed cables and conduits.3. Replacing all cables. 4. Installing new 7 meter lighting poles.5. Replacing lighting units.6. Repairing existing fence and replacing corroded bases.7. Changing net posts.

SWIMMING POOL

Upgrading of the pool deck flooring, pool water filter and swimming pool lighting

The project is expected to start in the last quarter of 2015. The project will involve:1. Grouting of interior pool tiling.2. Tiling of pool deck. 3. Upgrading image of immediate area surrounding pool.4. Replacement of pool filter.

KENANGA COFFEHOUSE AND KITCHEN

Upgrading of the kitchen area and its equipment and upgrading of the pantry

The project is expected to start in 2016. The whole kitchen will be revamped including the exhaust system, drainage, floor and wall, dumb waiter, fridges and other equipment and a new “cold” preparation area.

33

BADMINTON

1. Introduction of BOC office bearers for period SEPTEMBER 2014 – till date.

From September 2014, Badminton Organizing Committee had elected a new team of Organizing Committee comprises of:

BOC COMMITTEE MEMBERS:-

CONVENOR Mr Ng Kok Leng (September 2014 - 27 Mar 2015)Then took-over by Mr Pang Tse Woon COMMITTEE MEMBERS Mr Wong Chin Keat Mr Chan Weng Thai Mr Teo Chin Inn

Mr Ng Kok Leng, had put in his resignation due to his health reason.

PAST ACTIVITIES FOR PERIOD JULY 2014 - JUNE 2015

1. SERIES OF GAMES WITH ROYAL LAKE CLUB, 9 August 2014 Raintree team won 3 & Draw 2.

2. INTER-CLUB FRIENDLY WITH SUNWAY LAGOON CLUB (HOME), 18 October 2014 Lost to Sunway Lagoon Club (3) and Draw (3).

3. RAINTREE ANNUAL BADMINTON TOURNAMENT 2014 Total of 35 entries received, ages from juniors 13 years to seniors age 70 and above. The Championship was played over two weekends; Friday till Sunday.

CONGRATULATIONS to the following:-

MEN'S OPEN SINGLES CHAMPION KOH ZU JIUNN MEN'S OPEN DOUBLES CHAMPION KHOO GEE TIEN & KOO DICK ON MEN'S VETERAN SINGLES CHAMPION KHOO GEE TIEN MEN'S VETERAN DOUBLES CHAMPION KHOO GEE TIEN & ERIC KHOO MEN’S SENIOR SINGLES CHAMPION STANLEY TAN MEN'S SENIOR VETERAN DOUBLES CHAMPION STANLEY TAN & CHEW ENG LAI

4. SERIES OF GAMES WITH ROYAL LAKE CLUB (HOME), 25 APRIL 2015 Raintree beat RLC 10-6

5. BADMINTON FRIENDLY - BOC vs RAINTREE STAFF, 30 MAY 2015 Result: BOC- 8 points Raintree Staff – 6 points

BOC wished to accord its gratitude to the Raintree Staff who’ve committed to attend this Badminton challenge and also the upkeep of the Badminton Hall.

At the time of writing, the BOC is committed to the following events:

6. BADMINTON DOUBLES LEAGUE, from 21 July onwards Another Badminton friendly is being organized with Kelab Darul Ehsan to enforce the bi-lateral ties among the players of both Clubs.

SPORTS

34

DARTS

The Darts section has been active in organizing in house events and participating in various invitational inter-club darts tournaments as well as friendly games from July 2014 – June 2015. The Darts section continues to sharpen their throwing skills on their Darts evenings on Tuesdays and Fridays. The in-house events or league games were being held on Fridays only.

The Darts committee has been trying to attract more members to join these activities too.All are welcome to join our Darts team.

Here is the list of activities that have been organized and the upcoming events for 2015.

Raintree Club held its first inaugural Inter-Club Darts competition, led by the Darts Convenor, Mr. Gubdave Singh and his fellow team mates. This 2-days event which saw 16 teams from 12 Clubs taken part; with Raintree itself fielded in 2 teams. The Champion title was won by PJ Hawks while the Plate Pool won by Kklub. Our only lady singles, Ms. Janet Cheah, managed to clinch the Plate Champion title.

There are upcoming internal events scheduled for the 2nd half of the year and we do hope to get more Members participation. Kindly do take note of the tentative events above as once the dates are confirmed notices will be posted on the notice boards in advance.

1. Introduction of BOC office bearers for period SEPTEMBER 2014 – till date.

From September 2014, Badminton Organizing Committee had elected a new team of Organizing Committee comprises of:

BOC COMMITTEE MEMBERS:-

CONVENOR Mr Ng Kok Leng (September 2014 - 27 Mar 2015)Then took-over by Mr Pang Tse Woon COMMITTEE MEMBERS Mr Wong Chin Keat Mr Chan Weng Thai Mr Teo Chin Inn

Mr Ng Kok Leng, had put in his resignation due to his health reason.

PAST ACTIVITIES FOR PERIOD JULY 2014 - JUNE 2015

1. SERIES OF GAMES WITH ROYAL LAKE CLUB, 9 August 2014 Raintree team won 3 & Draw 2.

2. INTER-CLUB FRIENDLY WITH SUNWAY LAGOON CLUB (HOME), 18 October 2014 Lost to Sunway Lagoon Club (3) and Draw (3).

3. RAINTREE ANNUAL BADMINTON TOURNAMENT 2014 Total of 35 entries received, ages from juniors 13 years to seniors age 70 and above. The Championship was played over two weekends; Friday till Sunday.

CONGRATULATIONS to the following:-

MEN'S OPEN SINGLES CHAMPION KOH ZU JIUNN MEN'S OPEN DOUBLES CHAMPION KHOO GEE TIEN & KOO DICK ON MEN'S VETERAN SINGLES CHAMPION KHOO GEE TIEN MEN'S VETERAN DOUBLES CHAMPION KHOO GEE TIEN & ERIC KHOO MEN’S SENIOR SINGLES CHAMPION STANLEY TAN MEN'S SENIOR VETERAN DOUBLES CHAMPION STANLEY TAN & CHEW ENG LAI

4. SERIES OF GAMES WITH ROYAL LAKE CLUB (HOME), 25 APRIL 2015 Raintree beat RLC 10-6

5. BADMINTON FRIENDLY - BOC vs RAINTREE STAFF, 30 MAY 2015 Result: BOC- 8 points Raintree Staff – 6 points

BOC wished to accord its gratitude to the Raintree Staff who’ve committed to attend this Badminton challenge and also the upkeep of the Badminton Hall.

At the time of writing, the BOC is committed to the following events:

6. BADMINTON DOUBLES LEAGUE, from 21 July onwards Another Badminton friendly is being organized with Kelab Darul Ehsan to enforce the bi-lateral ties among the players of both Clubs.

35

SPORTS

Past Activities for Darts, 2014-1528 November 2014 Annual Darts Championship 2014 Darts Room27 February 2015 Darts Valentine Competition Darts Room28-29 March 2015 The Royal Commonwealth Society, Royal Commonwealth 3rd Invitational Darts Tournament Society 12-14 June 2015 1st Raintree Invitational Inter-Club Cerating Hall, Raintree Darts Tournament 2015 Upcoming Events for 2015July 2015 Annual Closed Darts league Darts Room25-26 July 2015 Kulim Club Inter-Club Darts Tournament Kulim Club15-16 August 2015 Royal Lake Club 125th Anniversary Royal Lake Club Merdeka Invitational Inter Club Darts Tournament 2015September 2015 Darts Doubles Closed Competition Darts Room30 Oct- 1 Nov Royal Selangor Club Inter-Club Royal Selangor Club Darts TournamentNovember 2015 Annual Closed Darts Singles Darts Room ChampionshipDecember 2015 Royal Port Dickson Yacht Club RPDYC Inter-Club Darts Tournament

GOLF

This Golf Report covers the games organised by the Golf Sub-Committee (GSC) between July 2014 and June 2015. During this period under review, four (4) games were organised, three (3) in 2014 and one (1) in 2015. Our golf section members have remained as 58 members; as of June 2015. In the 2014 review, the last three games held were deemed to be of major importance to the Raintree Golf Section. The Annual Championship decided the Annual Gross and Nett winners for the year, whilst the Stableford Championship decided the Annual Stableford champion. The other was the Patron vs President event, where YAM Tunku Naquiyuddin once again lent his gracious presence in the biggest Raintree golf calendar of the year.

The top winners of the above 3 golf tournaments held were:

STABLEFORD CHAMPION 2014 - Mr Ng Boon Kuan

PATRON vs PRESIDENT TEAM CHALLENGE 1st pair placing – Mr James Lai & Tay Hoon Lim Runner-up placing -- YAM Tunku Naquiyuddin & Jacqueline Cheong

President’s Team beat Patron’s team :- 5 : 3

ANNUAL STROKEPLAY CHAMPIONSHIP 2014 GROSS CHAMPION – Mr Allen Yeoh Su Hap NETT CHAMPION – Mr Paul Toh

As the end of 2014 beckoned, it also signalled the conclusion of the tally for the Raintree Golfer of the year. Unsurprisingly, Golf Convenor Jacqueline Cheong again triumphed as the most consistent golfer, with a highest of 288 points. Second to follow was Dr Kok Tack Sang with 179 points and 3rd went to Mr Ng Boon Kuan with 177.5 points.

EASTER GOLF MEDAL held at Bangi Golf Resort, 2 April 2015A total of 14 golfers participated.

CHAMPION – Mr Lee Kwok Meng

Upcoming Golf activities of the year 2015: - Stableford Classic Championship @ KGPA, Friday, 7 August 2015 - Golf Quadrangular Championship (hosted by Royal Selangor Club) @ KRTU, Sunday, 6 September 2015 - President vs. Patron Challenge@ Staffield Country Club, tentatively set on Tuesday, 6 October 2015 - Annual Strokeplay championship 2015@ Sg. Long Country Club tentatively set on Wednesday, 11 November 2015.

The Golf Sub-Committee for 2014/2015 consists of:

Convenor Jacqueline CheongCommittee Members James Lai

SPORTS

36

1)

2)

3)

Snooker section recorded an active participation in year 2014 with numerous away snooker friendlies played around Klang Valley and correspondingly a trip to Bangkok, Thailand to play with Royal Bangkok Sports Club.

Below were some of the activities organized last year:-

9th August 2014 Our regular snooker players participated in the away friendly at Royal Lake Club. Draw 5-5.

30th August 2014 A team of 6 players; Wesley, Lawrence, Stephen, Leo, Michael and Adnan visited Royal Bangkok Sports Club, Thailand. Lost 3-7. In addition, our team managed to watch the Tour to Six Reds Snooker World Championship held in Montien Hotel, Bangkok at the same time.

6th September 2014 Our contingent of 7 players participated in the away friendly with Royal Selangor Club. We won 6-4.

November to Held our Raintree Annual Snooker & Billiards Championships December 2014 2014. A team of 9 players played. Champion Runner-Up 1. Snooker Open Michael Chong Stephen Chu

2. Billiards Open Stephen Chu Phil Captain

In 2015, more activities were being organized for our Snooker group:

14-15 March 2015 We entered 1 team of 6 players led by Team Manager, Mr. Yap to play the Malacca Club 125th Anniversary Inter-Club Snooker Tournament- finished as 1st Runner-up in the Winner’s Pool.

25th April 2015 Played in the Series of Games with Royal Lake Club on Home ground. We won 7-3.

9th May 2015 Held a Snooker Clinic with renowned Asian Champion, Mr. Rory Thor.

30th May 2015 Participated in the RLC Super 4 Snooker Tournament. We finished as 2nd place in Loser Pool.

20th June, 2015 Visited Royal Port Dickson Yacht Club for a Friendly Snooker. We won 6-4. For the 2nd half of 2015, the Snooker Committee will plan for Snooker League, Annual Snooker & Billiards Championships 2015 as well as also to participate in Royal Lake Club 125th Anniversary Inter-Club Invitational Snooker Tournament which will hold on 10-11 October 2015. For the Snooker fanatics, keep an eye on the coming activities in the Snooker room.

SNOOKER

SPORTS

37

SQUASH

The new Raintree Squash Organizing Committee wishes to accord its appreciation to the ex-Squash Committee 2014 who’ve contributed their share of activities held last year:-

1. Squash friendly with NUS Singapore on 4 July 2014 9 matches played comprising of 2 singles and 7 jumbo doubles. Raintree won 7-2.

2. 15th Raintree International Jumbo Squash Doubles Competition for YAM Tunku Naquiyuddin Cup 2014

The 15th installment of Annual Squash Jumbo doubles competition was held from 3rd to 5th October 2014 at the Jumbo Squash Courts of the Raintree Sports Complex. This doubles squash competition had garnered much interest among the squash community, both locally and overseas especially our near neighborhood Singapore. Similarly, some new faces appeared to play for the very first time and some re-appeared after years in hiatus. There are 60 teams registered for Open event and 5 teams in the Veteran event this year. Our Raintree team was represented by 3 pairs in Open Category and 3 pairs in Veteran category.

A total of 109 matches were played throughout the 3 days competition which saw the pairings ousted after each round of elimination. However, the first and second round losers may still have a chance to recuperate their earlier loss by entering for the plate and classic plate event.

The Squash Organising Committee would like to record our sincere thanks to the following people and organizations for making this event an absolute success:

MR ALAN TANG , DUNLOPS SPORTING GOODS SDN. BHD.EN. MOHD FAUZI, F&N BEVERAGES MARKETING SDN BHDGENERAL COMMITTEE AND STAFF OF RAINTREE CLUB

The results of the competitions were as follows:-

TUNKU NAQUIYUDDIN CUP 2014Champion Vivian Rhamanan and Marcus Phua of SSRA1 Runners up Jeremy Khoo and Waseem Gul of SAFRA 1Semi-finalists Shage Hagen and Paul Isted of TANG1 Aaron Chee and Adeen of RSC1

Classic PlateWinner Edward Teo & Dennis Tan of RSC3Runners up Jimmy & CT Tan of KGNS3

PlateWinner Benjamin Yuen and Eugene Ngiam of SAFRA3Runners up Louis Cordier and Charles Cordier of Rhino South Africa

Veteran Winner Danny Lim and Hwnag Woon Yih of SICC5Runners up Harvey Lee and PS Lau of RAIN4

SPORTS

38

SQUASH (Continued)

3. Raintree Annual Closed Squash Championships 2014 (14 November - December 2014) Events held were Singles (Open) and Jumbo Doubles There were 15 players contested.

Result SINGLES OPEN DENNIS TAN JUMBO DOUBLES TAN KOK HENG & DENNIS TAN

The Squash section was unable to participate in the following Squash Jumbo circuit series due to in-availability of players on the period concerned:

- 16th International Jumbo Doubles Squash Tournament 2015 by Tanglin Club Squash Centre on 29 January 2015 - The 5th SICC/MARIGOLD International Jumbo Doubles Squash Tournament held on 21-26 July 2014 Next, in the pipe line, the new Squash Organizing Committee is looking forward to organize its 16th Annual Raintree International Jumbo Squash Doubles Competition for the Tunku Naquiyuddin Cup 2015 on 2-4 Ocotber 2015.

The twice weekly Club evenings continued to be well patronized by our regular players on every Monday and Thursday. We constantly have maintained the Table-tennis hall to tip-top condition for our regulars playing comfort. Recently, we have added a new robotic ping-pong machine to guide the juniors and as well as to train the competitive players to prepare them for future events. In 2014, our section continued to attract more new faces to join in the table-tennis session. Their inclusion into our team has greatly improved the overall skills of our regular players and strengthened the Club’s team.

Some friendly games were played throughout year 2014 -15:-

1. Friendly match with Royal Lake Club on 9 August 20142. Friendly match with Tropicana Golf Club on 5 October 20143. Friendly match with Sunway Lagoon Club on 18 October 20144. Table tennis friendly with Palembang Club (Indonesia) on 18 October 20145. Friendly match with Canton Association on 2 November 20146. Friendly match with ‘One Setapak ‘ Team on18 January 20157. Friendly match with ‘Hup Lek, Hong Kong Table-tennis Club on 28 April 2015

In the Triangular Table-tennis event, in which Raintree Club hosted in 2014, we beat Royal Lake Club (7-4) and Sunway Lagoon Club (9-2) to retain the challenge trophy. The Sunway Lagoon Club shall host this event this year.

TABLE TENNIS

39

SPORTS

5 premier Clubs from the various parts of the country participated in our Inter-Club Invitational Table-tennis tournament, which Raintree hosted for the 2nd year in 2014. They were Royal Klang Club (2 teams), Ipoh Swimming Club, Penang Sports Club, Malacca Club, Sunway Lagoon Club and Raintree itself fielded in 2 teams. This time, Raintree team B, captained by Mr Justin Lee, was knocked out in the preliminary rounds. Our team A, captained by Mr Wong Jee Seng, entered the final but lost to Royal Klang Club A team.

Our Annual Championship 2014, Junior category was cancelled due to insufficient players. The Open events were successfully concluded on 23 November 2014. The winners were:

SinglesChampion Mdm Lau Wai Cheng1st Runner-up Mr Lim Hong Liang

DoublesChampion Mr Won You Wai & Cornie Loke1st Runners-up Mr. Lim Chee Sang & Steven Chu

The table-tennis section of the Raintree went on an excursion trip to Sandakan , Sabah on 20-25 March 2015 to play highly competitive matches with the Sandakan Club. The 16-strong contingent from Raintree Club comprises of National and State level standard as well as a few novices played on 2 separate days at Pui Jin school. Despite the strong opposition, we won the match 15-11 on first day. We beat them again 14-13 on the second day; with them fielded in a much stronger players. Besides playing table-tennis, the expedition also brought them to Sukau resort for jungle stay and over-looking the Kinabatangan River. The team also visited the Lubuk Bay Proboscis Monkey sanctuary and not forgetting the many seafood dishes which kept alluring their satiated appetite.

TABLE TENNIS (Continued)

SPORTS

40

The Raintree Tennis section started with a friendly against Singapore Recreation Club (SRC) on 7 June 2014. It was an interesting match with SRC encompasses participation of younger ladies. This was followed with a multi Sports friendly at Royal Lake Club on 9 August and additional multi Sports friendly against Sunway Lagoon Club at our premise on 18 October. Subsequently, we had another friendly with Japan Club on 9 November.

Following in late November, an invitational tournament by Royal Selangor Golf Club (held on 28-30 November) had us compete against several clubs and we’re placed 3rd out of 6 teams. The last month of December (12 December 2014), we hosted another friendly with Chinese Swimming Club, Singapore. We played quite well with the various clubs from Singapore, Japan and a couple of local Clubs.

During Tennis Annual Championships 2014, everyone at Raintree played well despite of the pro-longed duration. We welcomed some new Champions in various categories. This was the year that Raintree did not hold our Invitational Tournament as we had all six outdoor courts re-surfaced. Our junior members also had several carnivals, (1st held on 22 November 2014 & 2nd held on 2nd August 2014) that saw 40 over kids playing in tele-matches and other fun games in the Indoor Tennis courts. Everyone walked away with prizes such as T-shirts, bags, bottles, grips and other tennis related products.

In 2015, we hosted the multi sports friendly with Royal Lake Club which we all played very well and beat Royal Lake Club. Then in May 2015, Raintree made a comeback & hosted the Annual Invitational Inter-club tennis tournament which had 10 teams competing in the 2 & half days’ tournament. Our two Raintree teams, Tigers and Dragons along with other local teams from Klang Valley such as Kelab Darul Ehsan, Lake View Club, Royal Selangor Golf Club, and out of state teams – Segamat Country Club, Taiping Chinese Recreation Club and Royal Johor Golf & Country Club, and lastly Trang Tennis Club from Thailand. This year Champion title went on to the defending 2013 Champion, the Trang Club. Raintree was placed 3rd in this event. This year, we managed to be endorsed by Wilson, a new successful sponsorship agreement from Wilson for all tennis balls, wind-breakers and tennis related products.

TENNIS

SPORTS

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STAFF AFFAIRS & ESTABLISHMENT

The Annual Staff Day was held at Genting View Resort,Gohtong Jaya, on 1st May 2015. This is the second time the Staff Day was held outside the Club. A total entourage of 43 staff, and GC members attended the annual event. The event included BBQ Buffet Dinner, Team Building, (Treasure Hunt) and others activity at Genting View Resort. This retreat helped to bring closer relationship among Management and Staff.

Staff movements during the period July 2014 to June 2015 are as follows :-

The Collective Agreement 2012-2014 had expired on 31st December 2014. The new Collective Agreement 2014-2016 is still under negotation between the Kelab Raintree Kuala Lumpur and Club Employee Union Malaysia Peninsular and will be concluded soon.

APPOINTMENT

RESIGNATION

ABSENT WITHOUT NOTICE

Lawrence Lee Zarulehsan B ZolkifliSteven GohMohd Amirudden Khairul AnnuarAman Shah Dollah

General ManagerF & B ExecutiveFinance & Admin ManagerGraphic DesignerSecurity Executive

Alex ChanAnisah Bte JaafarPooventhiran s/o Rengasamy

General ManagerAccounts & Admin ManagerF & B Manager

Juniza MohamadZarulehsan B ZolkifliAman Shah Dollah

Graphic DesignerF & B ExecutiveSecurity Executive

42

Years 0-5 6-10 11-15 Above 15 Total

General Manager

General Manager


1 0 0 0 0

1 0 0 0 1

1 0 0 2 3

0 1 0 0 1

0 0 0 1 1

9 0 0 0 9

0 0 0 0 0

2 0 0 1 3

13 1 0 4 18

Executives

Sub-Total

Sub-Total

Grand Total : 75

Housekeeping

Accounts / Administration

Marketing / Membership

Security

Food & Beverage

Maintenance

Sports & Recreation


1 5 0 1 7

1 1 0 4 6

2 1 1 5 9

1 2 0 1 3

20 0 0 0 20

2 4 0 0 6

1 1 0 3 5

28 14 1 13 56

General Staff

Housekeeping

Accounts / Administration

Marketing / Membership

Security

Food & Beverage

Maintenance

Sports & Recreation

HEADCOUNT AS AT 30 JUNE 2015

43

RECIPROCAL CLUBS

Reciprocal Clubs

The St James Club, England

City Tattersalls Club, Australia

Royal Brunei Yacht Club, Brunei

Royal Automobile Club of Australia

The Hollandse Club, Singapore

Indonesia Petroleum Club, Indonesia

Manila Polo Club, Phillipines American Club in China, Taiwan

Orchid Country Club, Singapore

The Glencoe Club, Canada

Baguio Country Club, Phillipines

Singapore Recreation Club, Singapore

Raffles Town Club, Singapore

Aranda Country Club, Singapore

The Hong Kong Cricket Club, Hong Kong

Sallakapet Club, Sweden

The Rand Club, South Africa

The Royal Scots Club, Scotland

Bombay Gymkhana, India The Tanglin Club, Singapore

The Rockwell Club, PhillipinesBrisbane Polo Club, Australia

Penang Sports Club, Penang

Astana Golf & Country Club, Pahang

Black Forest Golf & Country Club, Kedah

Segamat Country Club, Johor

Royal Port Dickson Yacht Club, N.Sembilan

INTERNATIONAL CLUBS

LOCAL CLUBS

The Ipoh Swimming Club, Perak

Kelab Ipoh Diraja, Perak

Kelab Desa Rantau Petronas, Terengganu

Penang Swimming Club, Penang

46

CALENDAR OF ACTIVITIESFROM JULY 2014-JUNE 2015

Squash Friendly with NUS Singapore Squash Team (Home) Annual Raintree Karaoke Contest 2014 Hari Raya Bowling Promotion

4 July 20145 July 2014

26 July till 18 August 2014

9 August 201417 August 2014

Latino Jamming Session Tennis Friendly with Chinese Swimming Club (Singapore) HomeBadminton Friendly Boc vs Staff Christmas Fun Bowling Latin Salsa Jamming

7 December 201412 December 201413 December 201419 December 201421 December 2014

Table tennis friendly with Canton Association (Home)Snooker Friendly match with RSGC (Away)Tennis Friendly with Japan Club (Home)Annual Badminton ChampionshipKaraoke Inter Club Competition @ Royal lake Club (Away)Pre School Holiday ( Children activity)Annual Tennis Championship 2014Annual Strokeplay Golf Championship @ Sg Long Golf ClubAnnual Darts Singles Championship 2014 RSGC Tennis Invitational 2014 @ RSGC

2 November 20146 November 20149 November 2014

14-16 & 21-23 November 201415 November 201416 November 201410 November 201426 November 201428 November 2014

28-30 November 2014

Raintree International Jumbo Squash Doubles Competition 2014 Table Tennis Friendly match with Tropicana Golf Club Table Tennis Inter-Club invitational 2014 Series of Friendly Match with Sunway Lagoon Club (Home) Table Tennis friendly with Palembang Cub (Indonesia) Home Latin Salsa Jamming Children Activity (Haloween Craft

3-5 October 20145 October 2014

11 October 201418 October 201418 October 201419 October 201426 October 2014

JULY 2014

Series of Friendly Match with Royal Lake Club (Away) Zumba Fitness Charity Party

AUGUST 2014

OCTOBER 2014

NOVEMBER 2014

DECEMBER 2014

ACTIVITIES JULY 2014 - DECEMBER 2014

48

ACTIVITIES JANUARY 2015 - JUNE 2015

49

Snooker/Billiards Annual 2014 ChampionshipsChildren Library Workshop-Make & Decorate Pencil HolderTable Tennis Friendly match with 'One Setapak Team' (Home)16th Annual Sports Awards and Prize Presentation DinnerLine Dance Jamming

Raintree 1st Darts Interclub Competition 2015Health Talk -Unlock the Secret of Health Aging By Dato Dr Rajbans SinghSnooker friendly with Royal Port Dickson Yacht Club (Away)

Snooker Clinic with Rory Thor ( Home)Viva La Samba Latino Workout (cancelled)Raintree Invitational Inter Club Tennis Tournament 2015BOC vs R3Staff Badminton Friendly match RLC Super 4 Snooker TournamentChildren Library Workshop - Happy Father's Day Card

Easter Golf Medal @ Bangi Golf ResortZumba Demo Class Series of friendly games with Royal Lake Club (Home)Children Library Workshop - Mother's Day GiftTable Tennis Friendly match with 'Hup Lek Hong Kong Team' (Home)

The Malacca Club 125th Anniversary Snooker Invitational Tournament (Away)The Royal Commonwealth Society Inter Club Darts TournamentChildren Library Workshop - Easter Handcraft

Children Library Workshop - Valentine and CNY craftCNY 2015 Prosperity Bowling PromotionValentine Darts Competition

17-18 January 201518 January 201518 January 201524 January 201531 January 2015

13 - 14 June 201520 June 201520 June 2015

9 May 201510 May 2015

15 - 17 May 201530 May 2015

30-May-1531 May 2015

2 April 201519 April 201525 April 201526 April 201528 April 2015

14-15 March 2015

28-29 March 201529 March 2015

8 February 201512 Feb to 8 March 2015

27 February 2015

JANUARY 2015

FEBRUARY 2015

MARCH 2015

APRIL 2015

MAY 2015

JUNE 2015

FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 DECEMBER 2014& AUDITORS’ REPORT

Kelab Raintree Kuala Lumpur (Society No. 3301)

The accompanying notes form an integral part of the financial statements.

Statements of Financial Position as at 31 December 2014 Group Club Note 2014 2013 2014 2013 RM RM RM RM ASSETS Non-Current Assets

Property, plant and equipment 4 14,928,155 14,623,916 3,954,032 3,466,945

Investment in a subsidiary 5 - - 24,481,613 24,481,613 Long term trade receivables 6 9,521 68,137 9,521 68,137

14,937,676 14,692,053 28,445,166 28,016,695 Current Assets

Closing inventories 54,374 - 54,374 - Receivables, deposits and prepayments 6 1,259,615 1,605,725 1,259,615 1,605,725

Current tax assets 145,393 - 145,393 -

Cash and bank balances 7 4,903,917 6,489,532 4,903,917 6,489,532 6,363,299 8,095,257 6,363,299 8,095,257 Total Assets 21,300,975 22,787,310 34,808,465 36,111,952

EQUITY AND LIABILITIES EQUITY

Capital funds 8 43,496,489 43,496,489 43,496,489 43,496,489 Members' fund (289,901) 67,749 (289,901) 67,749 Cumulative deficit account 9 (24,628,987) (23,634,427) (20,224,832) (19,413,120)

Total Equity 18,577,601 19,929,811 22,981,756 24,151,118 LIABILITIES Non-Current Liabilities

Amount due to a subsidiary 10 - - 9,103,335 9,103,335 Members' refundable deposits 1,664,780 1,708,418 1,664,780 1,708,418 Retirement benefits 11 581,044 542,946 581,044 542,946 Members' bowling fund 2,573 2,573 2,573 2,573 Members' golf fund 2,451 11,810 2,451 11,810 2,250,848 2,265,747 11,354,183 11,369,082

Current Liabilities

Payables and accruals 12 472,526 579,982 472,526 579,982

Current tax liabilities - 11,770 - 11,770 472,526 591,752 472,526 591,752

Total Liabilities 2,723,374 2,857,499 11,826,709 11,960,834 Total Equity and Liabilities 21,300,975 22,787,310 34,808,465 36,111,952

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Statements of Profit or Loss and Other Comprehensive Income for the year ended 31 December 2014 Group Club Note 2014 2013 2014 2013 RM RM RM RM Operation Income

Members' subscriptions 2,194,624 2,182,994 2,194,624 2,182,994 Food and beverage outlets 13 (246,245) (61,549) (246,245) (61,549) Concessionaires' outlet 14 75,689 68,196 75,689 68,196 Sport and recreational - Coaching commission 44,513 47,632 44,513 47,632 - Locker rental 96,798 89,167 96,798 89,167 Miscellaneous revenue 15 1,112,838 633,957 1,112,838 633,957

3,278,217 2,960,397 3,278,217 2,960,397

Less: Administrative Expenditure

Personnel emoluments and benefits 16 1,948,645 1,910,658 1,948,645 1,910,658 Energy costs and utilities 17 1,000,345 742,782 1,000,345 742,782 Repair and maintenance 18 298,852 296,970 298,852 296,970 Quit rent and assessment 62,176 59,464 62,176 59,464 Administration and others 19 737,164 810,622 737,164 810,622 (4,047,182) (3,820,496) (4,047,182) (3,820,496)

Operating Deficit (768,965) (860,099) (768,965) (860,099)

Less: Fund for Club Activities

Sports and recreational activities 20 541,964 619,100 541,964 619,100 Club activities and events 173,136 68,627 173,136 68,627 Members' introduction night 4,858 65,937 4,858 65,937 (719,958) (753,664) (719,958) (753,664)

Total Deficit (1,488,923) (1,613,763) (1,488,923) (1,613,763)

Add: Slot machine income 21 1,025,220 1,294,169 1,025,220 1,294,169 Interest income 22 162,593 246,357 162,593 246,357 (301,110) (73,237) (301,110) (73,237) Less: Depreciation of property, plant and equipment 4 (656,001) (501,711) (473,153) (318,863)

Deficit Before Taxation (957,111) (574,948) (774,263) (392,100) Taxation 23 (37,449) (52,378) (37,449) (52,378) Deficit For The Year 9 (994,560) (627,326) (811,712) (444,478)


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Statement of Total Recognised Gains and Losses for the year ended 31 December 2014 The Group and the Club have no recognised gains or losses other than the deficit after taxation for the year and previous year.


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Statements of Cash Flows for the year ended 31 December 2014 Group Club 2014 2013 2014 2013 Note RM RM RM RM Cash Flows from Operating Activities

Deficit before taxation (957,111) (574,948) (774,263) (392,100)

Adjustments for: Depreciation of property, plant and equipment 4 656,001 501,711 473,153 318,863

Interest income 22 (162,593) (246,357) (162,593) (246,357)

Retirement benefits charged 11 48,098 43,391 48,098 43,391 Operating deficit before working capital changes (415,605) (276,203) (415,605) (276,203)

Increase in closing inventories (54,374) - (54,374) - Decrease in receivables, deposits and prepayments 346,110 160,653 346,110 160,653

Decrease in payables and accruals (107,456) (51,098) (107,456) (51,098) Cash absorbed by operations (231,325) (166,648) (231,325) (166,648)

Retirement benefits paid 11 (10,000) (63,621) (10,000) (63,621)

Tax paid (194,612) (45,277) (194,612) (45,277) Net cash used in operating activities (435,937) (275,546) (435,937) (275,546)

Cash Flows from Investing Activities

Long term trade receivables 58,616 146,030 58,616 146,030

Interest received 162,593 246,357 162,593 246,357 Purchase of property, plant and equipment (960,240) (642,902) (960,240) (642,902) Net cash used in investing activities (739,031) (250,515) (739,031) (250,515)

Cash Flows from Financing Activities

Members' refundable deposits (43,638) 67,189 (43,638) 67,189

Members' fund (357,650) 56,966 (357,650) 56,966

Members' golf fund (9,359) 2,208 (9,359) 2,208 Net cash (used in)/from financing activities (410,647) 126,363 (410,647) 126,363


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Statements of Cash Flows for the year ended 31 December 2014 Group Club 2014 2013 2014 2013 RM RM RM RM Net decrease in cash and cash equivalents (1,585,615) (399,698) (1,585,615) (399,698) Cash and cash equivalents brought forward 6,302,032 6,701,730 6,302,032 6,701,730 Cash and cash equivalents carried forward 4,716,417 6,302,032 4,716,417 6,302,032

Breakdown of Cash and Cash Equivalents

Cash and bank balances 399,270 84,944 399,270 84,944 Fixed deposits with licensed banks (excluding deposits pledged) 4,317,147 6,217,088 4,317,147 6,217,088

4,716,417 6,302,032 4,716,417 6,302,032


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Notes to the Financial Statements

1. Principal Activities and Place of Business Kelab Raintree Kuala Lumpur is incorporated under the Societies Act, 1966.

The principal activities of Kelab Raintree Kuala Lumpur are the provision of sports and recreational activities and food and beverage services to the members of the Club.

Kelab Raintree Kuala Lumpur’s address of the principal place of business is as follows:

Kelab Raintree Kuala Lumpur Jalan Wickham Off Jalan Ampang Hilir 55000 Kuala Lumpur Malaysia

The financial statements were approved by the Club’s General Committee on 28 April 2015 . 2. Basis of Preparation

(a) Statement of Compliance

The financial statements of the Group and of the Club have been prepared in accordance with Malaysian Financial Reporting Standards (“MFRSs”), International Financial Reporting Standards and the requirements of the Companies Act, 1965 and the Societies Act, 1966 in Malaysia.

(b) Basis of Measurements

The financial statements of the Group and of the Club are prepared under the historical cost convention, unless otherwise indicated in the summary of significant accounting policies.

(c) Functional and Presentation Currency

The financial statements are presented in Ringgit Malaysia (RM), which is the functional currency of the Group and of the Club.

(d) Malaysian Financial Reporting Standards (MFRSs)

(i) Adoption of new or revised Malaysian Financial Reporting Standards (MFRSs)

The accounting policies adopted by the Group and by the Club are consistent with those of the prior financial year except for the new and revised MFRSs and IC Interpretations approved by MASB and applicable for current financial year.

On 1 January 2014, the Group and the Club adopted the following Amendments to published Standards mandatory for annual financial periods beginning on or after 1 January, 2014:-

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2. Basis of Preparation (Cont’d.)

(d) Malaysian Financial Reporting Standards (MFRSs) (Cont’d.)

(i) Adoption of new or revised Malaysian Financial Reporting Standards (MFRSs) (Cont’d.)

Amendments

Amendments to MFRS 132 – Offsetting Financial Assets and Financial Liabilities

Amendments to MFRS 136 – Recoverable Amount Disclosures for Non-Financial Assets The adoption of the above new Amendments does not have any material effect on the financial statements of the Group and the Club.

(ii) Standards issued but not yet effective

The Group and the Club have not applied the following new MFRSs and amendments to MFRSs that have been issued by MASB but are not yet effective for the Group and the Club. Standards/Amendments Effective Date Annual Improvements to MFRSs 2010-2012 Cycle 1 July 2014 as follows:

Amendments to MFRS 3 – Business Combination Amendments to MFRS 8 – Operating Segments Amendments to MFRS 116 – Property, Plant and Equipment Amendments to MFRS 124 – Related Party Disclosures Amendments to MFRS 138 – Intangible Assets Amendments to MFRS 119 – Defined Benefit Plans

Annual Improvements to MFRSs 2011-2013 Cycle 1 July 2014 as follows:

Amendments to MFRS 1 – First-time Adoption of International Financial Reporting Standards

Amendments to MFRS 3 – Business Combination Amendments to MFRS 13 – Fair Value Measurement Amendments to MFRS 140 – Investment Property

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Notes to the Financial Statements 2. Basic of Preparation (Cont’d.)

(d) Malaysian Financial Reporting Standards (MFRSs) (Cont’d.)

(ii) Standards issued but not yet effective (Cont’d.)

Standards/Amendments Effective Date

Annual Improvements to MFRSs 2012-2014 Cycle 1 January 2016 as follows:

Amendments to MFRS 7 – Financial Instruments: Disclosures Amendments to MFRS 134 – Interim Finance Reporting Amendments to MFRS 101 – Disclosures Initiative

Amendments to MFRS 127 – Equity method in Separate Financial Statements

Amendments to MFRS 116 and MFRS 138 – Clarification of Acceptable Methods of Depreciation and Amortisation

MFRS 15 – Revenue from Contracts with Customers 1 January 2017 MFRS 9 – Financial Instruments (IFRS 9 as issued by 1 January 2018 IASB in July 2014) and mandatory effective date of MFRS 9 The Group and the Club intend to adopt the above MFRSs when they become effective. The initial applications of the above MFRSs are not expected to have any significant impacts on the financial statements of the Group and the Club.

(e) Significant Accounting Judgements and Estimates The preparation of the Group and of the Club’s �nancial statements requires management to make judgements, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the disclosure of contingent liabilities at the reporting date. However, uncertainty about these assumptions and estimates could result in outcomes that could require a material adjustment to the carrying amount of the assets or liability affected in the future.

(i) Judgements made in applying accounting policies

In the process of applying the Group and the Club’s accounting policies, management has made the following judgements, apart from those involving estimations, which have the most significant effect on the amounts recognised in the financial statements.

(ii) Key sources of estimation uncertainty

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities.

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3. Significant Accounting Policies

The accounting policies set out below have been applied consistently to the periods presented in these financial statements, and have been applied consistently by the Group entity.

(a) Basis of Consolidation

(i) Subsidiary

The Club is the beneficial owner of the entire issued share capital of Raintree Developments Berhad (“RDB”), a company incorporated in Malaysia. The shares are registered in the name of HSBC (Malaysia) Trustee Berhad) who acts as trustee for the Club in accordance with a Trust Deed dated 26 January 1983. The trustee was changed to OSK Trustees Berhad on 12 March 2013. The consolidated financial statements comprise the financial statements of the Club and of RDB. RDB is consolidated using the acquisition method of accounting. The difference between the acquisition cost and the fair values of RDB’s net assets is re�ected as goodwill or negative goodwill as appropriate. Investment in a subsidiary is stated in the Club’s statement of financial position at cost less impairment losses. RDB does not draw up an income statement as all expenses incurred by RDB are borne by the Club. The Club provides funds to RDB as and when required to enable RDB to meet its obligations as and when they fall due.

(ii) Transactions Eliminated on Consolidation Intra-group balances, and any unrealised income and expenses arising from intra-group transactions, are eliminated in preparing the consolidated financial statements.

Unrealised gains arising from transactions with equity accounted investees are eliminated against the investment to the extent of the Group’s interest in the investee. Unrealised losses are eliminated the same way as unrealised gains, but only to the extent that there is no evidence of impairment.

(b) Property, Plant and Equipment

(i) Recognition and Measurement

All items of property, plant and equipment are initially recorded at cost. The cost of an item of property, plant and equipment is recognised as an asset if, and only if, it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably.

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3. Significant Accounting Policies (Cont’d.)

(b) Property, Plant and Equipment (Cont’d.)

(i) Recognition and Measurement (Cont’d.)

Subsequent to recognition, property, plant and equipment except for freehold land are measured at cost less accumulated depreciation and accumulated impairment losses. When significant parts of property, plant and equipment are required to be replaced in intervals, the Group recognises such parts as individual assets with specific useful lives and depreciation, respectively. Likewise, when a major inspection is performed, its cost is recognised in the carrying amount of the plant and equipment as a replacement if the recognition criteria are satisfied. All other repair and maintenance costs are recognised in the profit or loss as incurred.

(ii) Subsequent Costs

The cost of replacing part of an item of property, plant and equipment is recognised in the carrying amount of the item if it is probable that the future economic benefits embodied within the part will flow to the Group and its cost can be measured reliably. The carrying amount of the replaced part is derecognised. The costs of the day-to-day servicing of property, plant and equipment are recognised in the profit or loss as incurred.

(iii) Depreciation

Freehold land is not amortised. Depreciation is recognised in the profit or loss as incurred on the straight-line basis over the estimates useful lives of each part of an item of property, plant and equipment. Property, plant and equipment under construction are not depreciated until the assets are ready for their intended use. The estimated useful life for the current and comparative periods is as follows:

Building 50 years Improvements 5 years Furniture, fittings and office equipment 5 years Lighting, general equipment and machinery 5 years Kitchen and bar equipment 5 years Slot machines and sports equipment 5 years

The carrying values of property, plant and equipment are reviewed for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable.

The residual value, useful life and depreciation method are reviewed at each financial year end, and adjusted prospectively, if appropriate.

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(b) Property, Plant and Equipment (Cont’d.)

(iii) Depreciation (Cont’d.)

An item of property, plant and equipment is derecognised upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss on derecognition of the asset is included in the profit or loss in the year the asset is derecognised.

(c) Impairment of Non-Financial Assets

The Group assesses at each reporting date whether there is an indication that an asset may be impaired. If any such indication exists, or when an annual impairment assessment for an asset is required, the Group makes an estimate of the asset’s recoverable amount. An asset’s recoverable amount is the higher of an asset’s fair value less costs to sell and its value in use. For the purpose of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (cash generating units (“CGU”)). In assessing value in use, the estimated future cash flows expected to be generated by the asset are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. Where the carrying amount of an asset exceeds its recoverable amount, the asset is written down to its recoverable amount. Impairment losses recognised in respect of a CGU or groups of CGUs are allocated first to reduce the carrying amount of any goodwill allocated to those units or groups of units and then, to reduce the carrying amount of the other assets in the unit or groups of units on a pro-rata basis. Impairment losses are recognised in profit or loss except for assets that are previously revalued where the revaluation was taken to other comprehensive income. In this case the impairment is also recognised in other comprehensive income up to the amount of any previous revaluation. An assessment is made at each reporting date as to whether there is any indication that previously recognised impairment losses may no longer exist or may have decreased. A previously recognised impairment loss is reversed only if there has been a change in the estimates used to determine the asset’s recoverable amount since the last impairment loss was recognised. If that is the case, the carrying amount of the asset is increased to its recoverable amount. That increase cannot exceed the carrying amount that would have been determined, net of depreciation, had no impairment loss been recognised previously. Such reversal is recognised in profit or loss unless the asset is measured at revalued amount, in which case the reversal is treated as a revaluation increase.

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(d) Financial Assets

Financial assets are recognised in the statements of financial position when, and only when, the Group becomes a party to the contractual provisions of the financial instrument.

When financial assets are recognised initially, they are measured at fair value, plus, in the case of financial assets not at fair value through profit or loss, directly attributable transaction costs. The Group determines the classification of their financial assets at initial recognition, and the categories include financial assets at fair value through profit or loss, loans and receivables and available-for-sale financial assets.

(i) Financial assets at fair value through profit or loss

Financial assets are classified as financial assets at fair value through profit or loss if they are held for trading or are designated as such upon initial recognition. Financial assets held for trading are financial assets acquired principally for the purpose of selling in the near term. Subsequent to initial recognition, financial assets at fair value through profit or loss are measured at fair value. Any gains or losses arising from changes in fair value are recognised in profit or loss. Net gains or net losses on financial assets at fair value through profit or loss do not include interest and dividend income. Interest and dividend income on financial assets at fair value through profit or loss are recognised separately in profit or loss as part of other losses or other income.

Financial assets at fair value through profit or loss could be presented as current or non-current. Financial assets that is held primarily for trading purposes are presented as current whereas financial assets that is not held primarily for trading purposes are presented as current or non-current based on the settlement date.

The Group has not designated any financial assets as financial assets at fair value through profit or loss.

(ii) Loans and receivables

Financial assets with fixed or determinable payments that are not quoted in an active market are classified as loans and receivables. The Group’s loans and receivables include other receivables and cash and bank balances.

Subsequent to initial recognition, loans and receivables are measured at amortised cost using the effective interest method. Gains and losses are recognised in profit or loss when the loans and receivables are derecognised or impaired, and through the amortisation process.

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(d) Financial Assets (Cont’d.)

(ii) Loans and receivables (Cont’d.)

Loans and receivables are classified as current assets, except for those having maturity dates later than 12 months after the reporting date which are classified as non-current.

(iii) Available-for-sale financial assets

Available-for-sale financial assets are financial assets that are designated as available for sale or are not classified in any of the other �nancial asset’s categories.

After initial recognition, available-for-sale financial assets are measured at fair value. Any gains or losses from changes in fair value of the financial assets are recognised in other comprehensive income, except that impairment losses and losses on monetary instruments and interest calculated using the effective interest method are recognised in profit or loss. The cumulative gain or loss previously recognised in other comprehensive income is reclassified from equity to profit or loss as a reclassification adjustment when the financial asset is derecognised. Interest income calculated using the effective interest method is recognised in profit or loss. Dividends on an available-for-sale equity instrument are recognised in profit or loss when the Group and the Club's right to receive payment is established.

Investments in equity instruments whose fair value cannot be reliably measured are measured at cost less impairment loss.

Available-for-sale financial assets are classified as non-current assets unless they are expected to be realised within 12 months after the reporting date.

The Group has not designated any financial assets as available-for-sale financial assets.

A financial asset is derecognised when the contractual right to receive cash flows from the asset has expired. On derecognition of a financial asset in its entirety, the difference between the carrying amount and the sum of the consideration received and any cumulative gain or loss that had been recognised in other comprehensive income is recognised in profit or loss.

Regular way purchases or sales are purchases or sales of financial assets that require delivery of assets within the period generally established by regulation or convention in the marketplace concerned. All regular way purchases and sales of financial assets are recognised or derecognised on the trade date i.e., the date that the Group commits to purchase or sell the asset.

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(e) Impairment of Financial Assets The Group assesses at each reporting date whether there is any objective evidence that a financial asset is impaired. (i) Trade and other receivables and other f inancial assets carried at

amortised cost

To determine whether there is objective evidence that an impairment loss on financial assets has been incurred, the Group consider factors such as the probability of insolvency or significant financial difficulties of the debtor and default or significant delay in payments. For certain categories of financial assets, such as trade receivables, assets that are assessed not to be impaired individually are subsequently assessed for impairment on a collective basis based on similar risk characteristics. Objective evidence of impairment for a portfolio of receivables could include the Group's past experience of collecting payments, an increase in the number of delayed payments in the portfolio past the average credit period and observable changes in national or local economic conditions that correlate with default on receivables.

If any such evidence exists, the amount of impairment loss is measured as the di�erence between the asset’s carrying amount and the present value of estimated future cash �ows discounted at the �nancial asset’s original effective interest rate. The impairment loss is recognised in profit or loss. The carrying amount of the financial asset is reduced by the impairment loss directly for all financial assets with the exception of trade receivables, where the carrying amount is reduced through the use of an allowance account. When a trade receivable becomes uncollectible, it is written off against the allowance account. If in a subsequent period, the amount of the impairment loss decreases and the decrease can be related objectively to an event occurring after the impairment was recognised, the previously recognised impairment loss is reversed to the extent that the carrying amount of the asset does not exceed its amortised cost at the reversal date. The amount of reversal is recognised in profit or loss.

(ii) Available-for-sale financial assets Significant or prolonged decline in fair value below cost, significant financial difficulties of the issuer or obligor, and the disappearance of an active trading market are considerations to determine whether there is objective evidence that investment securities classified as available-for-sale financial assets are impaired. If an available-for-sale financial asset is impaired, an amount comprising the difference between its cost (net of any principal payment and amortisation) and its current fair value, less any impairment loss previously recognised in profit or loss, is transferred from equity to profit or loss.

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Notes to the Financial Statements 3. Significant Accounting Policies (Cont’d.)

(e) Impairment of Financial Assets (Cont’d.) (ii) Available-for-sale financial assets (Cont’d.)

Impairment losses on available-for-sale equity investments are not reversed in profit or loss in the subsequent periods. Increase in fair value, if any, subsequent to impairment loss is recognised in other comprehensive income.

(f) Cash and Cash Equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits, and short-term highly liquid investments that are readily convertible to known amount of cash and which are subject to an insignificant risk of changes in value.

For the purpose of the statements of cash flows, cash and cash equivalents are presented net of pledged deposits.

(g) Financial Liabilities Financial liabilities are classified according to the substance of the contractual arrangements entered into and the definitions of a financial liability.

Financial liabilities, within the scope of MFRS 139, are recognised in the statements of financial position when, and only when, the Group becomes a party to the contractual provisions of the financial instrument. Financial liabilities are classified as either financial liabilities at fair value through profit or loss or other financial liabilities. (i) Other financial liabilities

The Group's other financial liabilities include trade and other payables.

Trade and other payables are recognised initially at fair value plus directly attributable transaction costs and subsequently measured at amortised cost using the effective interest method.

For other financial liabilities, gains and losses are recognised in profit or loss when the liabilities are derecognised, and through the amortisation process.

A financial liability is derecognised when the obligation under the liability is extinguished. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as a derecognition of the original liability and the recognition of a new liability, and the difference in the respective carrying amounts is recognised in profit or loss.

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(h) Provisions

Provisions are recognised when the Group has a present obligation (legal or constructive) as a result of a past event, it is probable that an outflow of economic resources will be required to settle the obligation and the amount of the obligation can be estimated reliably.

Provisions are reviewed at each reporting date and adjusted to reflect the current best estimate. If it is no longer probable that an outflow of economic resources will be required to settle the obligation, the provision is reversed. If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, where appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the passage of time is recognised as a finance cost.

(i) Taxation

(i) Current tax Current tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted by the reporting date.

Current taxes are recognised in profit or loss except to the extent that the tax relates to items recognised outside profit or loss, either in other comprehensive income or directly in equity.

(ii) Deferred tax

Deferred tax is provided using the liability method on temporary differences at the reporting date between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes.

Deferred tax liabilities are recognised for all taxable temporary differences, except:

- where the deferred tax liability arises from the initial recognition of an

asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss; and

- in respect of taxable temporary differences associated with

investment in subsidiaries, where the timing of the reversal of the temporary differences can be controlled and it is probable that the temporary differences will not reverse in the foreseeable future.

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(i) Taxation (Cont’d.)

(ii) Deferred tax (Cont’d.)

Deferred tax assets are recognised for all deductible temporary differences, carry forward of unused tax credits and unused tax losses, to the extent that it is probable that taxable profit will be available against which the deductible temporary differences, and the carry forward of unused tax credits and unused tax losses can be utilised except:

- where the deferred tax asset relating to the deductible temporary difference arises from the initial recognition of an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss; and

- in respect of deductible temporary differences associated with investments in subsidiaries, deferred tax assets are recognised only to the extent that it is probable that the temporary differences will reverse in the foreseeable future and taxable profit will be available against which the temporary differences can be utilised.

The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilised. Unrecognised deferred tax assets are reassessed at each reporting date and are recognised to the extent that it has become probable that future taxable profit will allow the deferred tax assets to be utilised.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realised or the liability is settled, based on tax rates and tax laws that have been enacted or substantively enacted at the reporting date.

Deferred tax relating to items recognised outside profit or loss is recognised outside profit or loss. Deferred tax items are recognised in correlation to the underlying transaction either in other comprehensive income or directly in equity and deferred tax arising from a business combination is adjusted against goodwill on acquisition.

Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to set off current tax assets against current tax liabilities and the deferred taxes relate to the same taxable entity and the same taxation authority.

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(j) Employee Benefits (i) Short term benefits

Wages, salaries, bonuses and social security contributions are recognised as an expense in the financial year in which the associated services are rendered by employees. Short term accumulating compensated absences such as paid annual leave are recognised when services are rendered by employees that increase their entitlement to future compensated absences. Short term non-accumulating compensated absences such as sick leave, maternity and paternity leave are recognised when the absences occur.

(ii) Defined contribution plans

The Club’s contributions to the statutory pension funds are recognised as an expense and are charged to the profit or loss in the period in which the related service is performed. The Club makes contributions to the Employee Provident Fund in Malaysia, a defined contribution pension scheme. Once the contributions have been paid, the Club has no further payment obligations.

(iii) Defined Benefits Plan

The Club operates an unfunded defined benefits scheme for eligible employees and a provision is made for all eligible employees based on the terms as stipulated in the Collective Agreement between the Club and Club Employees Union Peninsular Malaysia. The Club’s net obligation in respect of the de�ned bene�t scheme is calculated by estimating the amount of the future benefits that employees have earned in return for their service in the current and prior periods and that benefit is discounted to determine the present value. Any unrecognised past service costs and the fair value of any plan assets are deducted. The discount rate is the yield at the balance sheet date on high quality corporate bonds that has maturity dates approximating the terms of the Club’s obligations and that are denominated in the same currency in which the benefits are expected to be paid. The calculation is performed annually by a qualified actuary using the projected unit credit method. When the benefits of a plan are improved, the portion of the increased benefit relating to past service by employees is recognised as an expense in the profit or loss on a straight-line basis over the average period until the benefit become vested. To the extent that the benefits vest immediately, the expense is recognised immediately in the profit or loss.

69



(k) Fair Value Measurements

The Group measures financial assets and non-financial assets such as investment properties, at fair value at each statement of financial position date. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest. A fair value measurement of a non-financial asset takes into account a market participant's ability to generate economic benefits by using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best use. The Group uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximising the use of relevant observable inputs and minimising the use of unobservable inputs.

(l) Revenue Recognition (i) Goods Sold

Revenue from sale of goods is measured at the fair value of the consideration receivable and is recognised in the profit or loss when the significant risks and rewards of ownership have been transferred to the buyer.

(ii) Services

Revenue from services rendered is recognised in the profit or loss upon completion of the transaction at the end of the reporting period.

(iii) Subscriptions

Monthly subscriptions from members are recognised on accrual basis. (iv) Interest Income

Interest income is recognised in the profit or loss as it accrues, taking into account the effective yield on the asset.

70

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72


Notes to the Financial Statements 5. Investment in a Subsidiary

Club 2014 2013 RM RM

Unquoted shares, at cost 24,481,613 24,481,613

The principal activity of the subsidiary, its place of incorporation and the interest of the Club is as follows:

Effective Ownership Interest Principal Country of 2014 2013 Name of Company Activity Incorporation % % Raintree Developments Berhad Holding of property Malaysia 100 100 6. Receivables, Deposits and Prepayments

Group and Club 2014 2013 RM RM

Non-Current Long term trade receivables 115,605 174,221 Less: Allowance for impairment (106,084) (106,084)

9,521 68,137

Current Trade Members' current accounts 881,018 1,050,152 Less: Allowance for impairment (20,850) (20,850)

860,168 1,029,302

Non-Trade Sundry receivables 233,694 497,440 Deposits paid 90,902 70,902 Prepayments 74,851 8,081

399,447 576,423

1,259,615 1,605,725

Long term trade receivables are amounts receivable from terminated memberships which amount to RM115,605 (2013 – RM174,221) and which are not expected to be receivable.

73


Notes to the Financial Statements 7. Cash and Cash Equivalents


Fixed deposits with licensed banks 4,504,647 6,404,588 Cash and bank balances 399,270 84,944

4,903,917 6,489,532

Included in deposits placed with licensed banks is an amount of RM187,500 (2013 – RM187,500) which is pledged as security to a licensed bank for bank guarantee facility granted to the Club for utility and government tax facilities.

8. Capital Funds

This represents entrance fees for Club membership from approved members.

9. Cumulative Deficit Account

Group Club 2014 2013 2014 2013 RM RM RM RM

At 01 January (23,634,427) (23,007,101) (19,413,120) (18,968,642) Deficit for the year (994,560) (627,326) (811,712) (444,478)

At 31 December (24,628,987) (23,634,427) (20,224,832) (19,413,120)

10. Amount Due to a Subsidiary - Club The amount due arose principally from the transfer of certain property, plant and equipment to the Club and is not repayable within the next twelve months.

11. Retirement Benefits


Present value of unfunded obligations 581,044 542,946

74


Notes to the Financial Statements 11. Retirement Benefits (Cont’d.)

Movements in the liability for defined benefit obligations


At 01 January 542,946 563,176 Expenses recognised in the statement of profit or loss (Note 16 & 20) 48,098 43,391 Benefits paid during the year (10,000) (63,621)

At 31 December 581,044 542,946

The expenses are recognised in Personnel Emoluments and Benefits and Funds for Sports and Recreational Activities.

Actuarial Assumptions

Principal actuarial assumptions at the end of the reporting period (expressed as weighted averages).

Group and Club 2014 2013 % %

Discount rate at 31 December 5.0 5.0 Expected rate of salary increases 5.0 5.0

Assumptions regarding future mortality are based on published statistics and mortality table. It re�ects the expected demographics experiences of the Club’s employees.

12. Payables and Accruals


Trade Trade payables 272,837 61,783

Non-Trade Sundry payables 20,784 214,992 Accruals 178,905 303,207

472,526 579,982

75


Notes to the Financial Statements 13. Operating Results of Food and Beverage Outlets


Sales 2,139,294 2,006,516

Less: Cost of sales (1,124,884) (1,175,515) Gross profit 1,014,410 831,001

Less: Personnel emoluments and benefits - Salaries, allowance, bonus, EPF and SOCSO (1,093,134) (794,818)

Energy costs and consumables - Fuel (65,512) (50,090)

Repair and maintenance - Kitchen and bar equipment, music and audio 35,307 629 - Replacements 66,702 10,875

(102,009) (11,504)

Entertainers and promotional expenses: - Artists and entertainers - (36,138)

(1,260,655) (892,550)

Net operating loss (246,245) (61,549)

14. Operating Results of Concessionaires’ Outlets


Hair dressing 61,760 50,959 Beauty parlour 13,929 17,237

75,689 68,196

76


Notes to the Financial Statements 15. Miscellaneous Revenue


Assignment fees 2,500 3,000 Entrance fees - term member 30,000 78,750 Interest receivable on overdue members' account 244,798 110,376 Liquidated damages fee 388,000 80,000 Nominee fees 1,000 2,050 Other miscellaneous revenue 94,458 - Penalty on minimum spending by members 98,939 116,203 Processing fees 7,000 13,850 Reinstatement fees 3,500 3,500 Renewal fees 9,000 - Sales of souvenirs 10,993 27,678 Transfer fees 205,700 197,750 Visiting guest fees 16,950 800

1,112,838 633,957

16. Personnel Emoluments and Benefits


Annual staff day 7,128 12,419 Meals 127,675 136,200 Medical claim for staff 20,236 42,586 Medical claim for staff's family 14,177 19,774 Part time wages 201,628 139,050 Retirement benefits (Note 11) 34,298 29,978 Salaries, allowances, bonus, EPF and SOCSO 1,413,605 1,431,418 School uniform/book allowances 12,400 17,100 Staff laundry 25,128 13,125 Staff overtime 36,251 34,388 Staff travel and transportation 9,430 12,044 Uniform 46,689 22,576

1,948,645 1,910,658

77


Notes to the Financial Statements 17. Energy Costs and Utilities


Electricity 817,686 557,664 Fuel 41,987 41,824 Housekeeping, laundry and garbage disposal 83,414 87,959 Water 57,258 55,335

1,000,345 742,782

18. Repairs and Maintenance


Landscaping 15,159 2,255 Building 23,526 30,746 Furniture and fittings 32,885 47,676 Gym equipment 12,193 7,892 Machinery and equipment 139,037 171,642 Replacement expenses (consumable) 76,052 36,759

298,852 296,970

78


Notes to the Financial Statements 19. Administration and Others


Advertising 7,835 4,612 Auditors' remuneration 16,067 16,960 Bad debts 250,790 51,457 Bank charges and commission 76,387 78,028 Computer maintenance 10,007 17,885 Decoration and flowers - 38,508 Donation 1,600 - Entertainment 28,043 34,623 Insurance 127,581 112,424 Legal fees 31,057 77,920 Licensing expenses 14,220 35,184 Magazines, publications and newsletters 13,917 85,670 Meeting expenses (including Annual General Meeting) 9,146 23,192 Printing and stationery 59,072 38,851 Professional fees 14,506 57,428 Staff amenities 11,555 - Sundries 5,346 68,561 Telephone, postage and telecommunication 49,908 52,157 Training and development 2,180 9,740 Travel expenses 7,947 - Website - 7,422

737,164 810,622

20. Funds for Sports and Recreational Activities Group and Club 2014 2013 RM RM

Revenue 41,014 (42,375)

Less: Direct expenses (119,633) (117,992) Gross loss (78,619) (160,367)

Less: Personnel emoluments Medical claim for staff 9,641 - Medical claim for staff's family 5,351 - Part time 1,200 2,000 Retirement benefits (Note 11) 13,800 13,413 Salaries, allowances, bonus, EPF and SOCSO 425,099 435,971 Staff overtime 6,994 7,349 Uniform 1,260 -

(463,345) (458,733)

Net loss (541,964) (619,100)

79


Notes to the Financial Statements 21. Slot Machines Income


Gross collections 3,672,366 3,269,073

Less: Jackpot pay-outs (989,049) (239,671) Net collections 2,683,317 3,029,402

Less: Gaming tax 739,473 658,814 Operating expenses 918,624 1,076,419

(1,658,097) (1,735,233)

Net profit 1,025,220 1,294,169

22. Interest Income


Fixed deposit interest 162,593 246,357 23. Taxation

(a) Tax expense:


Current tax expense 30,124 52,378 Underprovision in respect of prior years 7,325 -

37,449 52,378

80


Notes to the Financial Statements 23. Taxation (Cont’d.)

(b) Reconciliation of tax expense with taxable income:


Taxable income : Interest income 162,593 246,357

Tax at rate of 26% (2013 – 26%) 42,274 64,053 Effect of using different tax rates for chargeable income of RM100,000 (12,150) (11,675) Underprovision of current tax in prior years 7,325 -

Tax expense 37,449 52,378 24. Financial Instruments Risk Management Objectives and Policies

Exposure to credit and interest rate risks arise in the normal course of the Group’s operations. The nature of these risks and the Group’s management of these risks are summarised below:

(a) Credit Risk

The General Committee monitors credit risk on an ongoing basis. Credit evaluations are performed on all potential members before the Group approves the new applicants as members.

As at the end of the reporting period, there was no significant concentration of credit risk. The maximum exposure to credit risk for the Group is represented by the carrying amount of each financial asset.

(b) Interest Rate Risk

The Group places cash balances with reputable banks to generate interest income for the Group. The Group does not use derivate financial instruments to hedge its interest rate risk in cash and cash equivalents.

(c) Effective Interest Rates And Repricing Analysis

In respect of interest-earning financial assets, the following table indicates its effective interest rates at the end of the reporting period and the periods in which they mature, or if earlier, reprice.

81


Notes to the Financial Statements 24. Financial Instruments (Cont’d.)

(c) Effective Interest Rates And Repricing Analysis (Cont’d.)

Group and Club 2014 2013

Effective Interest

rates

Total

Within 1 year

Effective Interest

rates

Total

Within 1 year

% RM RM % RM RM Financial Assets Deposits placed with licensed banks

3.15 – 3.40

4,504,647

4,504,647

2.90 – 3.60

6,404,588

6,404,588 25. Fair Values Measurement

The carrying amounts of receivables, cash and cash equivalents, and payables, approximate their fair value due to the relatively short term nature of these financial instruments.

The aggregate fair value of the other financial liability carried on the end of the reporting period as at 31 December, are shown below:

Group and Club 2014 2013

Carrying Amount

Fair Value

Carrying Amount

Fair Value

RM RM RM RM

Amount due to a subsidiary (**) 9,103,335 -* 9,103,335 -* Retirement benefits 581,044 -* 542,946 -* Bowling fund 2,573 -* 2,573 -* Golf fund 2,451 -* 11,810 -*

* No disclosure of fair value is made for amount due to a subsidiary, retirement

benefits, bowling fund and golf fund as it is not practicable to determine its fair value with sufficient reliability since this balance has no fixed terms of repayment. However, the Group does not anticipate the carrying amount recorded at the statement of financial position to be significantly different from the values that would eventually be received or settled.

** Amount due to a subsidiary is solely presented under the Club’s �nancial

statement.

82


Notes to the Financial Statements 26. Comparative Figures

Auditors’ Report - Pages 85-87

Certain comparative figures are reclassified to conform to current year’s presentation as follow:

Statements of Profit or Loss and Other Comprehensive Income Group and Club

As Previously

Stated Reclassified As

Restated RM RM RM

Administrative Expenditure Personnel emoluments and benefits 1,924,071 (13,413) 1,910,658

Fund for Club Activities Sports and recreational activities 605,687 13,413 619,100

83


and its Subsidiary Statement by the General Committee In the opinion of the General Committee, the financial statements set out on pages 52 to 83

are drawn up in accordance with Malaysian Financial Reporting Standards, International

Financial Reporting Standards, the requirements of the Companies Act, 1965 and the

Societies Act, 1966 in Malaysia so as to give a true and fair view of the financial position of

the Group and of the Club at 31 December 2014 and of their financial performance and

cash flows for the year then ended.

Signed on behalf of the General Committee in accordance with a resolution of the General Committee: …………………………………………………………… President HAN MEAN KWONG …………………………………………………………… Treasurer LIM CHEE MIN Kuala Lumpur, Date: 28 April 2015

84

Independent Auditors’ Report to the Members of Kelab Raintree Kuala Lumpur (Society No. 3301) Report on the Financial Statements We have audited the financial statements of Kelab Raintree Kuala Lumpur which comprise the statements of financial position as at 31 December 2014 of the Group and of the Club, and the statements of profit or loss and other comprehensive income, statement of total recognised gains and losses and statements of cash flows of the Group and of the Club for the year then ended, and a summary of significant accounting policies and other explanatory information, as set out on pages 52 to 83. General Committee’s Responsibility for the Financial Statements The General Committee of the Club are responsible for the preparation and fair presentation of these financial statements that give a true and fair view in accordance with Malaysian Financial Reporting Standards, International Financial Reporting Standards, the requirements of the Companies Act, 1965 and the Societies Act, 1966 in Malaysia. The General Committee are also responsible for such internal control as the General Committee determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Auditors’ Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with approved standards on auditing in Malaysia. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on our judgement, including the assessment of risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, we consider internal control relevant to the Club’s preparation of �n ancial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the e�ectiveness of the Club’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the directors, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

85

Independent Auditors’ Report to the Members of

Kelab Raintree Kuala Lumpur

(Society No. 3301)

Opinion In our opinion, the financial statements give a true and fair view of the financial position of the Group and of the Club as of 31 December 2014

and of their financial performance and

cash flows for the year then ended in accordance with the Malaysian Financial Reporting Standards, International Financial Reporting Standards, the requirements of the Companies Act 1965 and the Societies Act, 1966 in Malaysia.

Report on Other Legal and Regulatory Requirements

In accordance with the requirements of the Companies Act 1965 in Malaysia, we also report that in our opinion: a. the accounting and other records and the registers required by the Act to be kept by

the Club and its subsidiary of which we have acted as auditors have been properly kept in accordance with the provisions of the Act.

b. we are satisfied that the financial statements of the subsidiary that have been

consolidated with the Club’s �nancial statements are in form and content appropriate and proper for the purposes of the preparation of the financial statements of the Group and we have received satisfactory information and explanations required by us for those purposes.

c. Our audit report on the financial statements of the subsidiary did not contain any

qualification or adverse comment made under Section 174(3) of the Act.

d. The receipts and expenditures and the assets and the liabilities of the Club during

the year ended 31 December 2014 are in accordance with the Act, the Societies Act

1966 in Malaysia and the Revised Constitutional Rules of the Club.

86

Independent Auditors’ Report to the Members of Kelab Raintree Kuala Lumpur (Society No. 3301)

Other Matters This report is made solely to the members of the Group and the Club, as a body, in accordance with Section 174 of the Companies Act 1965 and the Societies Act, 1966 in Malaysia and for no other purpose. We do not assume responsibility to any other person for the content of this report. OMAR ARIF & CO. SELVARAJAH JEBARETNAM (AF 0786) CA(M), ACA, CA(NZ), CPA(Aust). Chartered Accountants [2834/08/15 (J)] Chartered Accountant Partner Kuala Lumpur, Date: 28 April 2015

87

MINUTES OF THE ADJOURNED29TH ANNUAL GENERAL MEETING

Minutes of the Adjourned 29th Annual General Meeting at the Cerating Ballroom, The Raintree of Kuala Lumpur on Sunday, 28th September 2014 at 10.00 am.

The President, Mr Winson Han Mean Kwong called the Meeting to order. He welcomed and thanked members for their attendance. He also thanked Mr James Selvaraj from Omar Ariff & Co the Club’s Auditor for his presence.

President informed the House that financially the Club registered a larger deficit of RM627,000 compared to previous year. The larger deficit can be attributed to the increased in maintenance of the Club of RM296,000, depreciation of RM100,00, bad debts of RM51,000 and increase of funding for the Club activities of RM168,000 and also some increase in legal fees.

The President added that the Club’s collection on membership subscription on the average of 1819 members or RM218,299 the highest since 2002. There was no improvement in the Slot Machine takings which is still below RM1.3 million, the lowest in the last 20 years. The Club had suffered a deficit of 4 years in a row from 2010 to 2013 totally RM1.5million where the Slot Machine income is between RM1.3 to RM1.5 million. This is a departure from earlier 5 years of 2005 to 2009 when the Club shared profit from the Slot Machine were between RM1.7 at RM2.1 million which contributed a total surplus of 2.8million.

Regretfully to say the Club financial income are much dependant on the performance of the Slot Machine Room. President said 2014 and 2015 will be more challenging as operating cost will continue to increase. There were increase in electricity bills from about RM50,000 to RM70,000 a month following the revision on the tariff and would see more increases on other areas of operation in the near future especially after 1st April 2015.

APPOINTMENT

IN ATTENDANCE

Mr Winson Han Mean KwongMr James Lee Soon ChiongMr Chong Kim TeckMr Lim Chee MinMr Yu Kok AnnMr Chow Seck KaiEn Ismail HassanMr Gordon B. Reid

President (Chairman)Vice PresidentSecretaryTreasurerCommittee MemberCommittee MemberCommittee MemberCommittee Member

Mr Lawrence LeeMr Selvarajah Jebaretnam

General ManagerOmar Ariff & Co

President’s Address

and 24 other Members

The Secretary confirmed that a quorum was present at 10.30am.

88


This is not because of the GST impact but the Club had enough output to offset any GST impose by the suppliers, goods and services. Other expenses are staff cost and Collective Agreement between the Club and Club Employees Union which is due for revision at the end of the year. The General Committee will look closely into the Club operations including funding for club and members activities, to reduce cost without sacrificing quality and the level of activities in the Club. The General Committee will look into the long term sustainability of the Club operations in particular the source of funding required to cover the increase of the Club operating expenditure.

On the facilities front, two of the five projects have been completed and the remaining of resurfacing of the three Tennis court will be completed in the month of November 2014. The upgrading of the Swimming Pool deck is scheduled to commence in the month of November 2014 followed by the upgrading of the kitchen equipment.

The Club had received compliments on the quality of the food & beverage and the General Committee is not resting on its laurels, but will continuously take steps to improve the menu, quality and services of the food and beverage section. Managing food cost is a challenge and need to strike a balance to be able to generate the subscription contribution to cover the operating cost of the operating outlets and also the pricing of the menu.

The revised Constitutional Rules which has gone through two Dialogues session will be finalize by the new Legal & Constitutional Rules Committee. The final Dialogue Session with the Members will be scheduled for the final text of the revised Constitutional Rules to be discussed at a EGM to obtain approval from the House.

On the Membership section, the terminated membership for 2014 has dropped to 165 as compared from 228 last year. This has contributed to the membership subscription as mentioned earlier. The General Committee will look to improve the price of membership and at the same time to bring down the number of terminated membership.

The President took the opportunity to thank the General Committee and members who have been elected to serve on Committees such as Tender Committee, Election Committee, Internal Audit Committee and other Sub-Committee and who have been appointed to serve as Convenors for their time, effort and contribution to the betterment of the club.

President mentioned that at 11.00am the Election Committee will conduct the election of office bearers for the term 2014-2016.

Item 2 : Confirmation of the Minutes of the Extraordinary General Meeting held on 7th July 2013

Mr James Lai Kim Hon (M/Ship No. 0454-3) proposed and seconded by Mr Looi See Chiong (M/Ship No. 0972-6) that the minutes of the Extraordinary General Meeting to be confirmed and adopted.

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Item 3 : Confirmation of the Minutes of the Adjourned 28th Annual General Meeting held on 29th September 2013

Mr Looi See Chiong (M/Ship No. 0972-6) proposed and seconded by Mr James Lai Kim Hon (M/Ship No. 0454-3) that the minutes of the Adjourned 28th Annual General Meeting to be confirmed and adopted.

Item 4 : Matter Arising

There were no matters arising from both of the General Meetings held on the 7th July 2013 and 29th September 2013.

Item 5 : To receive the General Committee’s Report on the affairs of the Club for the preceding year

Mr Yeo Sek Khoon (M/Ship No. 0189-2) highlighted on the staff salary & emoluments as refer to page 49 under Administration Expenditure, the amount of RM1.9 million are the figure for the whole staff. Refer to page 19, under the Food & Beverage the staff cost is RM794,818, but on page 75 under Sports & Recreation the staff cost is RM435,971. After total the both section, the staff cost is RM1.2million. He would like the General Committee to explain further on the figure.

Another issue on page 20, under income & expenditure for Sports & Recreation is RM175,000 a year. But on page 75, there is another direct expenses of RM117,000 and he would like the General Committee to justify both of the figures as mentioned above.

President explained that there is no duplication on the figure as staff salary is concerned. Basically the staff salary is captured under the individual section so that the Club will know the cost of the individual section operation. The figure RM1.9million stated on page 49, is meant for other areas such as Administration, Membership, Accounts section.

Mr Suntoro Tjoe (M/Ship No.1198-9) noted that there are a deficit for the past 4 years and what is the General Committee intend to do to improve the Club or to zero down the deficit.

President said basically the Club depends on 3 to 4 sources of main income. One of the main source of income is from the membership subscription. The General Committee will look into reducing the terminated membership and that will increase the subscription revenue. The other main income is from the Slot Machine operator and the Club is working closely with them. The other is the food and beverage area and will look to improve the revenue from the food and beverage section.

Mr Robert Wong Seng Tuck (M/Ship No. 1734-9) enquired the reason of the Slot Machine income dropped for the past 4 years.

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President said as according to the Slot Machine operator, there are many opportunities outside the Club which have better games and even taking games at Genting has slowed down. President said only a handful of members patronize the Slot machine Room.

Mr Peter Lim Chee Min, the Treasurer made the clarification of Mr Yeo Sek Khoon’s question. Under the income of Sports & Recreation section on page 20, there is an income of RM133,000 with expenditure of RM175,000 resulting a nett of RM42,375. As refer to page 75, revenue of RM42,375 resulting from the nett of deficit for individual activities that was carried out by the Club. The RM117,000 is not directly activities of the club but to maintain such as towels, laundry and other expenses not related to the other activities.

President said the time is 11.00am and would like to handover the meeting to Mr Yeo Sek Khoon, the Election Committee Member to conduct the election.

Mr Yeo Sek Khoon informed the meeting that on 7th September 2014 at 12.14midnight, the nomination box were opened. Nomination forms were received without any contest for all positions.

Mr Yeo Sek Khoon announced the unopposed candidates for the following positions:-

President - Mr Winson Han Mean KwongVice President - Mr Peter Yu Kok AnnSecretary - Mr Barry Chong Kim TeckTreasurer - Mr Peter Lim Chee MinGeneral Committee - En Ismail Hassan Mr Gordon B. Reid Mr Ng Boon Kuan Mr Michael Chong Siew Weng Mr Richard Yeoh Yong Wai

There are no nomination forms received for the position of Tender Board Committee, Internal Audit Committee and Elections Committee.

Mr Yeo Sek Khoon handed over the floor to the President to continue the meeting followed by a word of thanks for Mr Yeo Sek Khoon.

Ir Bruce Chan Siew Keat (M/Ship No. 1119-6) followed up on Mr Peter Lim Chee Min answer pertaining to Mr Yeo Sek Khoon question, on page 75, notes 20, there is an amount on the emoluments and whether there is a double entry for Sports & Recreation (RM435,971) and Food & Beverage (RM794,818) as compared to another figure of RM1.9million.

Mr Peter Lim Chee Min said the RM1.9million is the total emolument for all staff. The figures mentioned for sports & Recreation and Food & Beverage are the breakdown as mentioned earlier.

Mr James Selvaraj, the External Audit said that the amount shown on page 75, notes 20 is the amount for Club’s activities as shown on page 49 and it is not a double counting, but it is a separate charge.

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President assured that the figures stated in the report is not double counting as this format report has been done for many years.

Mr Jimmy Chong Lip Chee (M/Ship No. 0480-0) suggested to re-arrange the presentation of the annual report format especially on the accounts report.

President said the next General Committee will look into the presentation of the accounts report.

Mr Henry Kok King Yan (M/Ship No. 0304-9) suggested many years ago that the Club opened the food & beverage outlets to other Club’s members to patronize the outlets to get some revenue for the Club. He also suggested to Mr Chow Seck Kai, the General Committee Members to organize a Tombola Section for Club’s Members to patronize. But meantime the Club will have to apply for the licence.

President thanked Mr Henry Kok King Yan for the suggestion and the next coming General Committee will look into the suggestion.

Mr Daniel Chi Kok Leong (M/Ship No. 1446-5) referred on page 19, staff cost for food & beverage in 2012 the amount is RM187,000 and in 2013 the staff cost is RM974,000. There is about four to five time increased in the staff cost and the other issue the deficit has increased tremendously. His opined that the Club should review some of the approved upgrading project and to look into how to increase the revenue for the Club.

President said the club took over the food & beverage operation in August 2012 and the figure shown is a part of the food & beverage operation by the Club and payment of remuneration.

The Club is trying not to increase the membership subscription fees but will be unavoidable. The last membership subscription increase was in 1993 from RM80.00 to RM100.00 which means, the past twenty years there has been no increase on membership subscription. But food costs have increased very high. The General Committee have thoughts to open the club to non-members or members from other Clubs to utilize the food & beverage outlets. President said maybe not all the club members are agreeable to open the food & beverage outlets to non-members or members from other clubs to utilize the outlets. President assures that the General Committee will be conscious about the cost, especially the operating costs.

President said the bulk of staff salary is under the Collective Agreement and there is nothing much that the club can do on the salary. The club had tightened expenses in other areas such as medical fees, uniforms, shoes, etc.

Ir Bruce Chan Siew Keat (M/Ship No. 1119-6) would like to express the outgoing and incoming President had done a great job for the past two years in maintaining the club standard although the club incurred losses this year.

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Mr Peter Yu Kok Ann (M/Ship No. 0783-8) opinion as mentioned by President to raise the membership fees was becoming avoidable because the last twenty (20) years there has not been increase. Even the Apartment or Condominium maintenance fee has increased. Looking at the food cost for example a bar of kit-kat twenty five (25) years ago was RM0.80 and now is RM2.60, but our membership fees has not increase. In a way if the Club increase the subscription fees another RM20.00, the Club will get another revenue of RM40,000 a month or 1/2million a year. The other way is to get new members, but the Club is tied up with limited of 2,200 members as mentioned in the Constitutional Rules. Since the membership upfront fees are low, he proposed that for new members the club charge are development fees which can be used towards the development fund. Another way to increase is the Concessionaires areas which the club can create more rooms and rent the rooms for event/functions.

Mr Gordon B. Reid (M/Ship No. 1096-4) would to refer on page 17, on the pie chart presentation which shows the percentages of Club’s incomes. The ¾ of the pie chart shows the income of membership subscription fees has been the Club major income after twenty (20) years.

Mr Henry Kok King Yan (M/Ship No. 0304-9) proposed and seconded by Datuk Nicholas S. Zeffreys (M/Ship No. 0359-9) to receive the General Committee’s Report on the affairs of the Club for the preceding year.

Item 6 : To receive the Audited Accounts for the year ended December 31 2013 and the Auditors’ Report thereon

Mr Henry Kok King Yan (M/Ship No. 0304-9) proposed and seconded by Mr Ng Boon Kuan (M/Ship No. 0437-8) to receive the Audited Accounts for the year ended 31st December 2013 and the Auditors’ Report thereon.

President thanked Mr James Selvaraj the Auditor of Omar Ariff & Co for attending the meeting.

Item 7 : To Appoint Auditors for the ensuing year and to authorise the General Committee to fix their remuneration

The Chairman informed the House that Messrs Omar Arif & Co have agreed to continue as Auditors of the Club without any increase to the audit fees.

The House unanimously agreed to appoint Messrs Omar Ariff & Co as Auditor for the ensuing year and to authorise the General Committee to fix their remuneration.

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Item 8 : To transact any other business for which due notice shall have been given in accordance with the Revised Constitutional Rule 45 (iii) of the Club

The President confirmed that there was no resolutions received and therefore no other business to be transacted.

There being no other business to transact, the Meeting ended at 11.40am with a vote of thanks to the Chair.

CONFIRMED :

HAN MEAN KWONG CHONG KIM TECKPRESIDENT SECRETARY

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ATTENDANCE LIST OF ADJOURNED 29TH ANNUAL GENERAL MEETING ON SUNDAY 21TH SEPTEMBER 2014 10.00AM AT CERATING HALL

ATTENDANCE LIST OF ADJOURNED29TH ANNUAL GENERAL MEETING

NO. MEMBERSHIP NO. NAME

1. 0003-9 MR.JONATHAN LEE KAR FAI2. 0189-2 MR. YEO SEK KHOON3. 0263-9 MR. TAN KOK HENG4. 0304-9 MR. HENRY KOK KING YAN5. 0359-0 DATUK NICHOLAS S. ZEFFERYS6. 0437-8 MR. NG BOON KUAN7. 0454-3 MR. LAI KIM HON8. 0480-2 MR. CHONG LIP CHEE9. 0521-2 MR. LIM HING SIANG10. 0555-5 MR. LIM CHEE MIN, PETER11. 0578-8 MR. BEE FUH CHIANG, NICHOLAS 12. 0593-7 MR. LIEW MOOK FATT, DANIEL13. 0595-3 MR YEOH YONG WAI, RICHARD14. 07838 MR. YU KOK ANN15. 0797-7 MR. VANUGOPAL A/L SUBRAMANIAM16. 0911-1 MR. CHOW SECK KAI17. 0926-3 MR. CHIN YOUNG MING18. 0936-0 MR. LEE SOON CHIONG, JAMES19. 0939-9 EN. ISMAIL HASSAN20. 0971-3 MR. CHONG KIM TECK, BARRY21. 0972-6 MR. LOOI SEE CHIONG22. 1096-4 MR. GORDON B. REID23. 1119-6 MR. BRUCE CHAN SIEW KEAT24. 1198-9 MR. SUNTORO TJOE25. 1304-2 MR. HAN MEAN KWONG, WINSON26. 1344-0 MR. WESLEY LAU WAI HUAN27. 1365-7 MR. SHANE LAI 28. 1418-0 MR. KUA SHE KEE29. 1446-5 MR. DANIEL CHI KOK LEONG30. 1670-6 MR. MOBARAK AHMAD B. BASHIR AHMAD31. 1734-9 MR. WONG SENG TUCK, ROBERT 32. 1893-7 MR. AU HOW CHEW @ AW HAW CHAW

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NOTICE IS HEREBY GIVEN that the 30th Annual General Meeting of Kelab Raintree Kuala Lumpur (The Raintree Club of Kuala Lumpur) will be held at the Cerating Hall, Kelab Raintree Kuala Lumpur, Lot 1002, Jalan Wickham, Off Jalan Ampang Hilir, 55000 Kuala Lumpur on Sunday, 20th September 2015 at 10.00am for the following purposes:

AGENDA

1. To receive the President’s Address.

2. To confirm the Minutes of previous General Meetings:

2.1 Adjourned 29th Annual General Meeting held on 28th September 2014.

3. To receive the General Committee’s Report on the affairs of the Club for the preceding year.

4. To receive the Audited Accounts for the financial year ended 31st December 2014 and the Auditors’ Report thereon.

5. To re-appoint OMAR ARIF & CO. as Auditors for the financial year ended 31st December 2015 and to authorise the General Committee to fix their remuneration.

6. To consider and if thought fit, to pass with or without modification the following resolution: “THAT pursuant to Rule 22(i) the monthly subscription payable by all Ordinary Members shall be increased from RM100.00 to RM150.00 AND THAT the revised monthly subscription shall be chargeable effective from 1st October 2015.”

7. To transact any other business for which due notice shall have been given in accordance with Rule 45(iii) of the Club.

By Order of the General Committee

CHONG KIM TECK (BARRY)HON. SECRETARY

Date : 23rd August 2015

NOTICE OF THE 30TH ANNUAL GENERAL MEETING

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Lot 1002, Jalan Wickham, Off Jalan Ampang Hilir,55000 Kuala Lumpur, Malaysia.

Tel l +603 4257 9066Email l [email protected]

Fax l +603 4257 8880Website l www.raintree.com.my

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