No. 580 [No. SPANS: P. 08932
PELANTIKAN MENANGGUNG KERJA
Suruhanjaya Perkhidmatan Awam Negeri Sabah telah melantik Encik Sapdin binIbrahim untuk menanggung kerja jawatan Pegawai Tadbir, Gred N48 untuk tempoh mulai20 Oktober 2005 hingga 19 April 2006. Pelantikan menanggung kerja ini tertakluk kepadaPANS 45(5) Bahagian B.
[No. SPANS: P. 011556 Vol. II
Suruhanjaya Perkhidmatan Awam Negeri Sabah telah melantik Puan Robaiah bt. Abd.Aziz untuk menanggung kerja jawatan Pegawai Kawalan Alam Sekitar, Gred C41 untuktempoh mulai 6 Januari 2006 hingga 4 Julai 2006 dan 6 Julai 2006 hingga 4 Januari 2007.Pelantikan menanggung kerja ini tertakluk kepada PANS 45(5) Bahagian B.
[No. SPANS: P. 000959 Vol. II
Suruhanjaya Perkhidmatan Awam Negeri Sabah telah melantik Encik Achis @ Ajisbin Podoh untuk menanggung kerja jawatan Pegawai Tadbir, Gred N41 untuk tempoh mulai19 April 2006 hingga 18 Mei 2006. Pelantikan menanggung kerja ini tertakluk kepadaPANS 45(5) Bahagian B.
Jil. LXI] [No. 46KOTA KINABALU, KHAMIS, 16 NOVEMBER 2006
Kenyataan-kenyataan berikut adalah diterbitkan atas perintah Tuan YangTerutama Yang di-Pertua Negeri untuk Makluman Umum.
DATUK K. Y. MUSTAFA,Setiausaha Kerajaan Negeri.
SABAH, MALAYSIA
Warta KerajaanDiterbitkan dengan kuasa
WARTA KERAJAAN NEGERI SABAH 16 November 20061,602
SIJIL KETUA AUDIT NEGARA MENGENAI PENYATA KEWANGANLEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR
BAGI TAHUN BERAKHIR 31 DISEMBER 2003
Penyata Kewangan Lembaga Pembangunan Perumahan dan Bandar bagi tahun berakhir 31Disember 2003 telah diaudit oleh wakil saya. Pihak pengurusan bertanggungjawab terhadapPenyata Kewangan ini. Tanggungjawab saya adalah mengaudit dan memberi pendapatterhadap Penyata Kewangan tersebut.
2. Pengauditan telah dilaksanakan mengikut Akta Audit 1957 dan berpandukan piawaianpengauditan yang diluluskan. Piawaian tersebut menghendaki pengauditan dirancang dandilaksanakan untuk mendapat kepastian yang munasabah sama ada Penyata Kewanganadalah bebas daripada kesilapan atau ketinggalan yang ketara. Pengauditan itu termasukmemeriksa rekod secara semak uji, menyemak bukti yang menyokong angka dan memastikanpendedahan yang mencukupi dalam Penyata Kewangan. Penilaian juga dibuat terhadapprinsip perakaunan yang digunakan dan penyampaian Penyata Kewangan secarakeseluruhan.
3. Kecuali apa yang dinyatakan di perenggan 2.1 hingga 2.2 dalam Laporan Ketua AuditNegara, pada pendapat saya, Penyata Kewangan ini memberi gambaran yang benar dansaksama terhadap kedudukan kewangan Lembaga Pembangunan Perumahan dan Bandardan Kumpulan pada 31 Disember 2003, hasil operasi dan aliran tunainya untuk tahun tersebutberdasarkan piawaian perakaunan yang diluluskan.
4. Saya telah mempertimbangkan Penyata Kewangan dan laporan juruaudit bagi semuasubsidiari yang tidak diaudit oleh saya seperti yang dinyatakan dalam Nota kepada PenyataKewangan. Saya berpuas hati bahawa Penyata Kewangan berkenaan yang telah disatukandengan Penyata Kewangan Lembaga Pembangunan Perumahan dan Bandar adalah dalambentuk dan kandungan yang sesuai dan wajar bagi tujuan penyediaan Penyata Kewangandisatukan. Saya juga telah menerima maklumat dan penjelasan yang memuaskansebagaimana yang dikehendaki bagi tujuan tersebut.
5. Laporan juruaudit mengenai Penyata Kewangan subsidiari berkenaan tidakmengandungi sebarang pemerhatian yang boleh menjejaskan Penyata Kewangan disatukan.
CHE MOHD. SHUKRI BIN CHE HASSAN,b.p. Ketua Audit Negara,
Malaysia.
Kota Kinabalu.
Bertarikh: 31 Disember 2004.
No. 581 [No. KKT&P: 400-7/3/(65)
WARTA KERAJAAN NEGERI SABAH 1,60316 November 2006
LAPORAN KETUA AUDIT NEGARA MENGENAI PENYATA KEWANGANLEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR
BAGI TAHUN BERAKHIR 31 DISEMBER 2003
Laporan Ketua Audit Negara ini hendaklah dibaca bersama-sama dengan Sijil Ketua AuditNegara bagi menyokong pendapat Audit terhadap Penyata Kewangan tersebut.
2. Pemerhatian Audit terhadap Penyata Kewangan adalah seperti berikut:
2.1 Pemiutang Pelbagai dan Akruan
Pada akhir tahun 2003, Lembaga mempunyai baki pemiutang pelbagai dan akruanberjumlah RM33.67 juta termasuk RM3.82 juta yang diambil kira dalam AkaunTergantung. Semakan Audit mendapati jumlah ini adalah bayaran pembelianrumah yang dibayar oleh pembeli dan dikredit terus dalam akaun bank Lembaga.Oleh itu, Lembaga sepatutnya mengiktirafkan bayaran pembelian rumah tersebutsebagai terimaan dan diakaunkan dalam Akaun Penghutang bukan AkaunPemiutang lain. Ini menyebabkan Penyata Kewangan telah lebih/kurangdinyatakan masing-masing bagi butiran penghutang dan pemiutang.
2.2 Penghutang Perumahan
Semakan Audit mendapati penghutang perumahan pada akhir tahun 2003berjumlah RM52.52 juta manakala baki mengikut Bahagian Kredit berjumlahRM130.61 juta. Mengikut penyata penyesuaian yang disediakan terdapatperbezaan berjumlah RM1.36 juta yang belum disesuaikan. Ini disebabkan olehfaktor pengiktirafan penghutang dan pembatasan masa. Lembaga hendaklahsecara berterusan berusaha memastikan baki penghutang perumahan BahagianAkaun dan Bahagian Kredit diselaraskan sekali setiap 4 bulan bagi mengurangkanperbezaan yang besar pada akhir tahun kewangan dan dapat membuat penyesuaiandengan segera.
3. Langkah-langkah pembetulan yang sewajarnya hendaklah diambil oleh pihakpengurusan Lembaga Pembangunan Perumahan dan Bandar untuk meningkatkan lagiakauntabiliti awam.
CHE MOHD. SHUKRI BIN CHE HASSAN,b.p. Ketua Audit Negara,
Malaysia.
Kota Kinabalu.
Bertarikh: 31 Disember 2004.
WARTA KERAJAAN NEGERI SABAH 16 November 20061,604
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
AND ITS SUBSIDIARIES
STATEMENT BY THE CHAIRMAN AND GENERAL MANAGER
In our opinion, the financial statements set out on pages 1,606 to 1,643 are drawn upso as to give a true and fair view of the state of affairs of the Group and of the Authorityas at 31st December, 2003 and of the results of their operations and cash flows for theyear ended on that date.
On behalf of the Board,
Y.B. DATUK RUBIN BALANG(Chairman)
KWAN PEK SIN(General Manager)
Kota Kinabalu.
Date: 29th October, 2004.}
WARTA KERAJAAN NEGERI SABAH 1,60516 November 2006
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
AND ITS SUBSIDIARIES
STATUTORY DECLARATION
I, CHIN SU ME, the officer primarily responsible for the financial management of LembagaPembangunan Perumahan dan Bandar (Housing and Town Development Authority),do solemnly and sincerely declare that the financial statements set out on pages 1,606 to1,643 are, to the best of my knowledge and belief, correct, and I make this solemn dec-laration conscientiously believing the same to be true and by virtue of the provisions ofthe Statutory Declarations Act, 1960.
Subscribed and solemnly declared bythe above-named CHIN SU ME atKota Kinabalu in the State of Sabah CHIN SU ME
on 29th October, 2004.
Before me,
YONG YUN SAN @ PATRICK,Pesuruhjaya Sumpah,
Malaysia.
Kota Kinabalu.
}
WARTA KERAJAAN NEGERI SABAH 16 November 20061,606
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
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AR
(Hou
sing
and
Tow
n D
evel
opm
ent A
utho
rity
)A
ND
IT
S SU
BSI
DIA
RIE
S
BA
LA
NC
E S
HE
ET
AT
31ST
DE
CE
MB
ER
, 20
03
Gro
upAu
thor
ityN
ote
2003
2002
2003
2002
RM
RM
RM
RM
PR
OP
ER
TY
, PL
AN
T A
ND
EQ
UIP
ME
NT
316
,499
,905
17,1
86,8
6112
,685
,618
13,2
58,1
84I N
VE
STM
EN
TS
IN S
UB
SID
IAR
IES
...4
--
9,52
0,42
59,
520,
425
PR
OP
ER
TY
HE
LD
FO
R F
UT
UR
E D
E-
VE
LO
PME
NT
......
......
6,64
4,13
43,
675,
584
--
HO
USI
NG
DE
BT
OR
S...
......
552
,520
,169
54,4
63,7
3752
,520
,169
54,4
63,7
37IN
VE
ST
ME
NT
PR
OPE
RT
IES
......
65,
896,
211
5,89
6,21
1-
-
81,5
60,4
1981
,222
,393
74,7
26,2
1277
,242
,346
CU
RR
EN
T A
SSE
TS
Inve
ntor
ies
of u
nsol
d ho
uses
...7
27,5
10,7
9328
,388
,385
26,4
02,5
8326
,630
,568
Dev
elop
men
t pro
pert
ies
......
818
,101
,694
19,7
89,6
2914
,125
,513
15,6
72,5
66T
rade
rec
eiva
bles
......
...9
1,23
5,63
72,
235,
515
--
Oth
er
rece
ivab
les,
de
posi
ts
and
prep
aym
ents
......
......
1014
,368
,273
14,3
15,2
2214
,009
,102
13,7
93,4
69A
mou
nt d
ue f
rom
sub
sidi
arie
s...
11-
-55
2,77
925
0,00
0F
ixed
dep
osit
s...
......
1225
,188
,165
25,3
38,4
5019
,422
,619
18,9
60,3
25C
ash
and
bank
bal
ance
s...
...7,
422,
336
7,67
4,60
16,
549,
909
5,62
8,98
0
93,8
26,8
9897
,741
,802
81,0
62,5
0580
,935
,908
WARTA KERAJAAN NEGERI SABAH 1,60716 November 2006
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent A
utho
rity
)A
ND
IT
S SU
BSI
DIA
RIE
S
BA
LA
NC
E S
HE
ET
AT
31ST
DE
CE
MB
ER
, 20
03 -
(co
nt.)
Gro
upAu
thor
ityN
ote
2003
2002
2003
2002
RM
RM
RM
RM
CU
RR
EN
T L
IAB
ILIT
IES
Tra
de p
ayab
les
......
...13
9,57
1,25
56,
690,
792
6,90
6,18
73,
928,
676
Oth
er p
ayab
les
and
accr
uals
...33
,969
,025
38,8
74,1
5233
,666
,918
38,5
85,6
33Pr
ovis
ion
......
......
144,
024,
981
4,28
7,87
44,
024,
981
4,28
7,87
4A
mou
nt d
ue to
a s
ubsi
diar
y...
11-
-12
0,04
532
,018
Hou
sing
dep
osits
......
...5,
652,
964
5,43
4,51
35,
652,
964
5,43
4,51
3B
ank
over
draf
ts...
......
154,
774,
267
4,70
1,19
34,
489,
739
4,62
5,41
9H
ire
purc
hase
cre
dito
r...
...16
7,80
46,
872
--
Stat
e G
over
nmen
t loa
ns...
...18
15,7
40,8
5814
,948
,246
15,7
40,8
5814
,948
,246
Fede
ral G
over
nmen
t loa
ns...
...19
3,11
3,16
32,
990,
884
3,11
3,16
32,
990,
884
Gov
ernm
ent t
rust
fun
ds...
...20
34,2
7634
,276
34,2
7634
,276
Tax
atio
n...
......
...38
9,78
528
0,09
017
8,35
7-
77,2
78,3
7878
,248
,892
73,9
27,4
8874
,867
,539
NE
T C
UR
RE
NT A
SSE
TS
......
16,5
48,5
2019
,492
,910
7,13
5,01
76,
068,
369
RM
98,1
08,9
39R
M10
0,71
5,30
3R
M81
,861
,229
RM
83,3
10,7
15
WARTA KERAJAAN NEGERI SABAH 16 November 20061,608
FIN
AN
CE
D B
Y:
AC
CU
MU
LA
TE
D F
UN
DS
......
38,2
55,7
7038
,570
,720
31,8
42,7
6831
,104
,978
RE
VA
LU
AT
ION
RE
SER
VE
......
212,
344,
682
2,34
4,68
2-
-
40,6
00,4
5240
,915
,402
31,8
42,7
6831
,104
,978
MIN
OR
ITY
S
HA
RE
HO
LD
ER
S’
INT
ER
EST
S...
......
...22
722,
790
725,
356
--
LO
NG
TE
RM
AN
D D
EF
ER
RE
D L
IA-
BIL
ITIE
S
Hir
e pu
rcha
se c
redi
tor
......
1638
,485
46,2
89-
-T
erm
loan
......
......
175,
756,
642
5,86
6,62
5-
-St
ate
Gov
ernm
ent l
oans
......
189,
738,
824
9,55
9,64
39,
738,
824
9,55
9,64
3Fe
dera
l Gov
ernm
ent l
oans
......
1936
,160
,291
36,1
32,8
5736
,160
,291
36,1
32,8
57G
over
nmen
t gra
nts
......
...23
4,11
9,34
66,
513,
237
4,11
9,34
66,
513,
237
Def
erre
d ta
x li
abil
itie
s...
...24
972,
109
955,
894
--
56,7
85,6
9759
,074
,545
50,0
18,4
6152
,205
,737
RM
98,1
08,9
39R
M10
0,71
5,30
3R
M81
,861
,229
RM
83,3
10,7
15
The
fin
anci
al s
tate
men
ts w
ere
appr
oved
and
aut
hori
sed
for
issu
e by
the
Boa
rd M
embe
rs.
The
not
es s
et o
ut o
n pa
ges
1,61
5 to
1,6
43 f
orm
an
inte
gral
par
t of
, and
sho
uld
be r
ead
in c
onju
nctio
n w
ith, t
hese
fin
anci
al s
tate
men
ts.
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
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AR
(Hou
sing
and
Tow
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evel
opm
ent A
utho
rity
)A
ND
IT
S SU
BSI
DIA
RIE
S
BA
LA
NC
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HE
ET
AT
31ST
DE
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MB
ER
, 20
03 -
(co
nt.)
Gro
upAu
thor
ityN
ote
2003
2002
2003
2002
RM
RM
RM
RM
WARTA KERAJAAN NEGERI SABAH 1,60916 November 2006
RE
VE
NU
E...
......
......
2510
,395
,139
11,9
36,6
688,
331,
365
8,72
0,38
5
Cos
t of
sale
s...
......
...(1
,459
,128
)(4
90,4
41)
(499
,487
)-
GR
OSS
PR
OFI
T...
......
...8,
936,
011
11,4
46,2
277,
831,
878
8,72
0,38
5
Oth
er o
pera
ting
inco
me
......
4,26
0,73
96,
469,
155
4,74
8,75
85,
230,
957
Adm
inis
trat
ive
expe
nses
......
(13,
569,
857)
(16,
022,
702)
(12,
352,
893)
(14,
935,
469)
OPE
RA
TIN
G (L
OSS
)/PR
OFI
T...
...26
(373
,107
)1,
892,
680
227,
743
(984
,127
)
Inte
rest
inco
me
......
......
3,04
2,27
84,
786,
203
2,81
4,81
14,
546,
823
Inte
rest
exp
ense
......
...(2
,673
,755
)(3
,092
,641
)(2
,126
,407
)(2
,649
,859
)
(LO
SS)/
PR
OFI
T B
EF
OR
E T
AX
AT
ION
...(4
,584
)3,
586,
242
916,
147
912,
837
Tax
exp
ense
......
......
27(2
92,9
36)
(701
,736
)(1
78,3
57)
-
(LO
SS)/
PR
OFI
T A
FTE
R T
AX
AT
ION
...(2
97,5
20)
2,88
4,50
673
7,79
091
2,83
7
Min
orit
y in
tere
sts
......
...(1
7,43
0)(7
4,54
2)-
-
NE
T (
LO
SS)/
PR
OFI
T F
OR
TH
E Y
EA
R...
(RM
314,
950)
RM
2,80
9,96
4R
M73
7,79
0R
M91
2,83
7
The
not
es s
et o
ut o
n pa
ges
1,61
5 to
1,6
43 f
orm
an
inte
gral
par
t of
, and
sho
uld
be r
ead
in c
onju
nctio
n w
ith, t
hese
fin
anci
al s
tate
men
ts.
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent A
utho
rity
)A
ND
IT
S SU
BSI
DIA
RIE
S
INC
OM
E S
TA
TE
ME
NT
S F
OR
TH
E Y
EA
R E
ND
ED
31S
T D
EC
EM
BE
R,
2003
Gro
upAu
thor
ityN
ote
2003
2002
2003
2002
RM
RM
RM
RM
WARTA KERAJAAN NEGERI SABAH 16 November 20061,610
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THEYEAR ENDED 31ST DECEMBER, 2003
Non-distributable
GROUP Accumulated Revaluationfunds reserve TotalRM RM RM
AT 1ST JANUARY, 2002 ... 35,760,756 3,300,576 39,061,332Effect of adoption of MASB 25 - (955,894) (955,894)
Restated balance ... ... ... 35,760,756 2,344,682 38,105,438Net profit for the year ... ... 2,809,964 - 2,809,964
AT 31ST DECEMBER, 2002 ... 38,570,720 2,344,682 40,915,402Net loss for the year ... ... (314,950) - (314,950)
AT 31ST DECEMBER, 2003 ... RM38,255,770 RM2,344,682 RM40,600,452
Note 21
The notes set out on pages 1,615 to 1,643 form an integral part of, and should be readin conjunction with, these financial statements.
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED31ST DECEMBER, 2003
AUTHORITY Accumulated fundsRM
AT 1ST JANUARY, 2002 ... ... ... ... ... 30,192,141
Net profit for the year... ... ... ... ... ... 912,837
AT 31ST DECEMBER, 2002 ... ... ... ... ... 31,104,978
Net profit for the year... ... ... ... ... ... 737,790
AT 31ST DECEMBER, 2003 ... ... ... ... ... RM31,842,768
The notes set out on pages 1,615 to 1,643 form an integral part of, and should be readin conjunction with, these financial statements.
WARTA KERAJAAN NEGERI SABAH 1,61116 November 2006
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent A
utho
rity
)A
ND
IT
S SU
BSI
DIA
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S
CA
SH
FL
OW
ST
AT
EM
EN
TS
FO
R T
HE
YE
AR
EN
DE
D 3
1ST
DE
CE
MB
ER
, 20
03
Gro
upAu
thor
ity20
0320
0220
0320
02R
MR
MR
MR
MC
AS
H F
LO
WS
FRO
M O
PER
AT
ING
AC
TIV
ITIE
S
(Los
s)/P
rofi
t bef
ore
taxa
tion
......
...(4
,584
)3,
586,
242
916,
147
912,
837
Adj
ustm
ents
for
:A
mor
tisat
ion
of n
egat
ive
good
will
......
-(1
,745
,755
)-
-D
epre
ciat
ion
......
......
...79
5,02
0(5
60,2
23)
626,
909
(722
,989
)D
ivid
end
inco
me
......
......
--
(380
,004
)(3
80,0
04)
Gai
n on
dis
posa
l of
pro
pert
y, p
lant
and
equi
pmen
t...
......
......
(18,
277)
(27,
855)
(18,
277)
(27,
855)
Inte
rest
exp
ense
......
......
...2,
673,
755
3,09
2,64
12,
126,
407
2,64
9,85
9In
tere
st in
com
e...
......
......
(3,0
42,2
78)
(4,7
86,2
03)
(2,8
14,8
11)
(4,5
46,8
23)
Ope
ratin
g pr
ofit
/(lo
ss)
befo
re w
orki
ng c
apita
lch
ange
s...
......
......
...40
3,63
6(4
41,1
53)
456,
371
(2,1
14,9
75)
(Inc
reas
e)/D
ecre
ase
in w
orki
ng c
apita
l:H
ousi
ng d
ebto
rs...
......
......
1,94
3,56
8(7
,129
,689
)1,
943,
568
(7,1
29,6
89)
Inve
ntor
ies
of u
nsol
d ho
uses
......
...87
7,59
2(2
,400
,226
)22
7,98
5(2
,887
,432
)D
evel
opm
ent p
rope
rtie
s...
......
...(2
,622
,039
)(2
,264
,328
)(2
,762
,921
)(2
,178
,422
)T
rade
and
oth
er r
ecei
vabl
es...
......
3,10
6,44
67,
989,
704
1,94
3,95
38,
133,
782
Am
ount
due
fro
m s
ubsi
diar
ies
......
--
(214
,752
)81
,436
Tra
de a
nd o
ther
pay
able
s...
......
(2,0
69,1
39)
10,5
44,3
70(1
,985
,646
)10
,542
,528
WARTA KERAJAAN NEGERI SABAH 16 November 20061,612
Cas
h g
ener
ated
fro
m/(u
sed
in)
oper
atio
ns...
1,64
0,06
46,
298,
678
(391
,442
)4,
447,
228
Inte
rest
pai
d...
......
......
...(2
,407
,410
)(2
,685
,509
)(1
,865
,070
)(2
,249
,356
)In
com
e ta
x pa
id...
......
......
(167
,026
)(5
55,1
84)
--
NE
T C
AS
H (
US
ED
IN
)/G
EN
ER
AT
ED
FR
OM
OPE
RA
TIN
G A
CT
IVIT
IES
......
...(9
34,3
72)
3,05
7,98
5(2
,256
,512
)2,
197,
872
CA
SH
FL
OW
S F
RO
M I
NV
ES
TIN
G A
CT
IVIT
IES
Acq
uisi
tion
of
a su
bsid
iary
, ne
t of
cas
hac
quir
ed ..
....
......
......
-(2
62,2
58)
-(1
)
Div
iden
d re
ceiv
ed...
......
...-
-38
0,00
438
0,00
4
Dec
reas
e/(I
ncre
ase)
in p
ledg
ed d
epos
its p
lace
dw
ith
lice
nsed
ban
ks...
......
...10
,425
(425
)10
,425
(425
)
Inte
rest
rec
eive
d...
......
......
3,04
9,89
94,
186,
976
2,82
2,43
23,
947,
204
Pro
ceed
s fr
om d
ispo
sal
of p
rope
rty,
pla
ntan
d eq
uipm
ent
......
......
...19
,238
28,0
0018
,278
28,0
00
Purc
hase
of
prop
erty
hel
d fo
r fu
ture
dev
elop
-m
ent
......
......
......
(2,9
68,5
50)
--
-
Pur
chas
e of
pro
pert
y, p
lant
and
equ
ipm
ent
(162
,928
)(5
85,7
94)
(108
,247
)(4
36,8
34)
NE
T C
AS
H (
US
ED
IN
)/G
EN
ER
AT
ED
FR
OM
IN
VE
ST
ING
AC
TIV
ITIE
S...
......
(51,
916)
3,36
6,49
93,
122,
892
3,91
7,94
8
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent A
utho
rity
)A
ND
IT
S SU
BSI
DIA
RIE
S
CA
SH
FL
OW
ST
AT
EM
EN
TS
FO
R T
HE
YE
AR
EN
DE
D 3
1ST
DE
CE
MB
ER
, 20
03 -
(co
nt.)
Gro
upAu
thor
ity20
0320
0220
0320
02R
MR
MR
MR
M
WARTA KERAJAAN NEGERI SABAH 1,61316 November 2006
CA
SH
FL
OW
S F
RO
M F
INA
NC
ING
AC
TIV
ITIE
S
Rep
aym
ent o
f te
rm lo
an...
......
(109
,983
)(7
,889
,231
)-
(7,6
66,4
81)
Div
iden
d pa
id...
......
......
(19,
996)
(19,
996)
--
Dra
wdo
wn
of F
eder
al G
over
nmen
t loa
ns...
1,80
7,36
3-
1,80
7,36
3-
Dra
wdo
wn
of G
over
nmen
t gra
nts
......
1,91
6,08
32,
540,
333
1,91
6,08
32,
540,
333
Dra
wdo
wn
of S
tate
Gov
ernm
ent l
oans
...-
400,
000
-40
0,00
0R
epay
men
t of
Fed
eral
Gov
ernm
ent l
oans
...(2
,990
,885
)(6
,874
,522
)(2
,990
,885
)(6
,874
,522
)R
epay
men
t of
Gov
ernm
ent t
rust
s fu
nds
...-
(1,1
82,6
05)
-(1
,182
,605
)R
epay
men
t of
hire
pur
chas
e cr
edit
or...
(11,
880)
(13,
860)
--
Rep
aym
ent o
f St
ate
Gov
ernm
ent l
oans
...(6
9,61
3)-
(69,
613)
-
NE
T C
AS
H G
EN
ER
AT
ED
FR
OM
/(U
SE
D I
N)
FIN
AN
CIN
G A
CT
IVIT
IES.
.....
......
521,
089
(13,
039,
881)
662,
948
(12,
783,
275)
NE
T (
DE
CR
EA
SE
)/IN
CR
EA
SE
IN
CA
SH
AN
DC
AS
H E
QU
IVA
LE
NT
S...
......
...(4
65,1
99)
(6,6
15,3
97)
1,52
9,32
8(6
,667
,455
)C
AS
H A
ND
CA
SH
EQ
UIV
AL
EN
TS
AT
BE
GIN
NIN
G O
F T
HE
YE
AR
......
...22
,101
,433
28,7
16,8
3013
,953
,461
20,6
20,9
16C
AS
H A
ND
CA
SH
EQ
UIV
AL
EN
TS
AT
EN
D O
FT
HE
YE
AR
......
......
......
RM
21,6
36,2
34R
M22
,101
,433
RM
15,4
82,7
89R
M13
,953
,461
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent A
utho
rity
)A
ND
IT
S SU
BSI
DIA
RIE
S
CA
SH
FL
OW
ST
AT
EM
EN
TS
FO
R T
HE
YE
AR
EN
DE
D 3
1ST
DE
CE
MB
ER
, 20
03 -
(co
nt.)
Gro
upAu
thor
ity20
0320
0220
0320
02R
MR
MR
MR
M
WARTA KERAJAAN NEGERI SABAH 16 November 20061,614
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent A
utho
rity
)A
ND
IT
S SU
BSI
DIA
RIE
S
CA
SH
FL
OW
ST
AT
EM
EN
TS
FO
R T
HE
YE
AR
EN
DE
D 3
1ST
DE
CE
MB
ER
, 20
03 -
(co
nt.)
Gro
upAu
thor
ity20
0320
0220
0320
02R
MR
MR
MR
M
CA
SH A
ND
CA
SH E
QU
IVA
LE
NT
S C
OM
PRIS
E:
Cas
h an
d ba
nk b
alan
ces.
.....
......
7,42
2,33
67,
674,
601
6,54
9,90
95,
628,
980
Fix
ed d
epos
its
......
......
...25
,188
,165
25,3
38,4
5019
,422
,619
18,9
60,3
25
Less
: Dep
osits
ple
dged
......
......
(6,2
00,0
00)
(6,2
10,4
25)
(6,0
00,0
00)
(6,0
10,4
25)
18,9
88,1
6519
,128
,025
13,4
22,6
1912
,949
,900
Ban
k ov
erdr
afts
......
......
...(4
,774
,267
)(4
,701
,193
)(4
,489
,739
)(4
,625
,419
)
RM
21,6
36,2
34R
M22
,101
,433
RM
15,4
82,7
89R
M13
,953
,461
The
not
es s
et o
ut o
n pa
ges
1,61
5 to
1,6
43 f
orm
an
inte
gral
par
t of
, and
sho
uld
be r
ead
in c
onju
nctio
n w
ith, t
hese
fin
anci
al s
tate
men
ts.
WARTA KERAJAAN NEGERI SABAH 1,61516 November 2006
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
AND ITS SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2003
1. PRINCIPAL ACTIVITIES
The Authority is a State-owned agency and is governed by the Housing and TownDevelopment Authority Enactment, 1981. The principal activities of the Authority areto develop low cost housing and township projects, whilst the principal activities of thesubsidiaries are as stated in Note 4. There has been no significant change in the natureof these activities during the financial year.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following accounting policies are adopted by the Group and the Authority and areconsistent with those adopted in the previous years except for the adoption of thefollowing:
(i) MASB 25: Income Taxes; and(ii) MASB 29: Employee Benefits
Apart from the new policies, extended disclosure where required by these newstandards, and the restatement of comparative figures to reflect the adoption of MASB25 as disclosed in Note 31 to the financial statements. There is no other effect on thefinancial statements.
(a) Basis of accountingThe financial statements of the Group and of the Authority are prepared on thehistorical cost basis and in compliance with applicable approved accounting stan-dards in Malaysia.
(b) Basis of consolidationSubsidiaries are those enterprises controlled by the Authority. Control exists whenthe Authority has the power, directly or indirectly, to govern the financial andoperating policies of an enterprise so as to obtain benefits from its activities. Thefinancial statements of subsidiaries are included in the consolidated financialstatements from the date that control effectively commences until the date thatcontrol effectively ceases. Subsidiaries are consolidated using the acquisitionmethod of accounting.
Under the acquisition method of accounting, the results of subsidiaries acquiredor disposed of during the year are included from the date of acquisition or upto the date of disposal. At the date of acquisition, the fair values of the sub-sidiaries’ net assets are determined and these values are reflected in the Groupfinancial statements. The difference between acquisition cost and the fair valuesof the subsidiaries’ net assets is reflected as goodwill or negative goodwill asappropriate.
Intragroup transactions and balances and the resulting unrealised profits areeliminated on consolidation. Unrealised losses resulting from intragroup trans-actions are also eliminated unless cost cannot be recovered.
WARTA KERAJAAN NEGERI SABAH 16 November 20061,616
(c) Property, plant and equipmentProperty, plant and equipment are stated at cost or valuation less accumulateddepreciation.
The Group revalues its property comprising land and buildings every 5 years andat shorter intervals whenever the fair value of the revalued assets is expected todiffer materially from their carrying value.
Surpluses arising from revaluation are dealt with in the property revaluationreserve account. Any deficit arising is offset against the revaluation reserve to theextent of a previous increase for the same property. In all other cases, a decrease incarrying amount is charged to the income statement.
Property, plant and equipment retired from active use and held for disposal arestated at the carrying amount at the date when the asset is retired from active use,less impairment losses, if any.
(d) DepreciationThe straight-line method is used to write-off the cost of the following assets overthe term of their estimated useful lives at the following principal annual rates:
Long and short term leasehold land over 331/3 - 80 years
Buildings 2% - 3%Motor vehicles 20%Plant and machinery 20%Office furniture, fittings and equipment 10% - 20%Renovation 10%Computer Software 50%
(e) ImpairmentThe carrying amounts of the Group’s assets, other than inventories and financialassets (other than investments in subsidiaries), are reviewed at each balance sheetdate to determine whether there is any indication of impairment. If any such indi-cation exists, the asset’s recoverable amount is estimated. An impairment loss isrecognised whenever the carrying amount of an asset or the cash-generating unitto which it belongs exceeds its recoverable amount. Impairment losses arerecognised in the income statement, unless the asset is carried at a revalued amount,in which case the impairment loss is charged to equity.
The recoverable amount is the greater of the asset’s net selling price and itsvalue in use. In assessing value in use, estimated future cash flows are discounted
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
AND ITS SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2003 - (cont.)
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (cont.)
WARTA KERAJAAN NEGERI SABAH 1,61716 November 2006
to their present value using a pre-tax discount rate that reflects current market assessmentsof the time value of money and the risks specific to the asset. For an asset that doesnot generate largely independent cash inflows, the recoverable amount is deter-mined for the cash-generating unit to which the asset belongs.
An impairment loss in respect of goodwill is not reversed unless the loss wascaused by a specific external event of an exceptional nature that is not expected torecur and subsequent external events have occurred that reverse the effect of thatevent.
In respect of other assets, an impairment loss is reversed if there has been a changein the estimates used to determine the recoverable amount.
An impairment loss is reversed only to the extent that the asset’s carrying amountdoes not exceed the carrying amount that would have been determined, netof depreciation or amortisation, if no impairment loss had been recognised. Thereversal is recognised in the income statement, unless it reverses an impairmentloss on a revalued asset, in which case it is taken to equity.
(f) Investment propertiesInvestment properties are treated as long term investment and are stated at cost.An allowance is made when the directors are of the view that there is a diminutionin their value which is other then temporary.
(g) Development propertiesLand and development expenditure whereby significant development work hasbeen undertaken and is expected to be completed within the normal operatingcycle are classified as development properties. Development properties arestated at cost plus attributable profits less foreseeable losses, net of progressbillings. Cost includes cost of land, all direct building cost, and other relateddevelopment expenditure incurred during the period of development.
(h) Inventories of unsold housesInventories of unsold houses are stated at the lower of cost and net realisablevalue. Costs include apportioned land cost and development expenditureincurred.
(i) Revenue
(i) Property developmentProfit from property development is recognised using the percentageof completion method. Where foreseeable losses are anticipated, fullprovision for these losses is made in the financial statements.
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
AND ITS SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2003 - (cont.)
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (cont.)
WARTA KERAJAAN NEGERI SABAH 16 November 20061,618
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
AND ITS SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2003 - (cont.)
(ii) Developed propertiesProfit on developed properties is recognised when transfer of risks andrewards has been completed.
(iii) Privatised projectsProfit on privatised projects is recognised on an accrual basis based on stipu-lated fixed schedule.
(iv) Profit from contract workProfit on contract work is recognised on the percentage of completion methodmeasured by reference to the percentage of contract costs incurred to date toestimated total contract costs/surveys of work performed.
When the outcome of a construction contract cannot be estimated reliably,revenue is recognised only to the extent of contract costs incurred that isprobable to be recoverable and contract costs are recognised as an expensein the period in which they are incurred.
An expected loss on a contract is recognised immediately in the incomestatement.
(v) Rental income and net insurance commissionRental income is recognised on an accrual basis and net insurance com-mission is recognised when services are rendered.
(vi) Interest incomeInterest income is recognised in the income statement as it accrues, takinginto account the effective yield on the asset.
(vii) Dividend incomeDividend income is recognised when the right to receive payment is es-tablished.
(viii) Project entitlementsThe entitlements, pursuant to the agreement entered with the joint venturepartners, are recognised on accrual basis based on stipulated fixed schedule.
(j) Interest on borrowingsInterest on borrowings is charged against income and no part of the interest istreated as an inherent part of the total cost of property development.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (cont.)
WARTA KERAJAAN NEGERI SABAH 1,61916 November 2006
(k) ProvisionsA provision is recognised when it is probable that an outflow of resources em-bodying economic benefits will be required to settle a present obligation (legal orconstructive) as a result of a past event and a reliable estimate can be made of theamount.
(i) Provision for repairs and maintenance on completed projectsProvision for repairs and maintenance is made at 5% of cost for low costhousing projects and 3% for all other projects upon their completion.
(l) Employee benefitsDefined contribution plansObligations for contributions to defined contribution plans are recognised as anexpense in the income statement as incurred. Other retirement benefits are chargedagainst income as and when paid.
(m) Government grantsGrants have been received from the Federal and State Government for thedevelopment of specific properties and are utilized to meet the cost of developingthose properties.
(n) Government trust fundsFunds received from the Federal and State Governments for the development ofspecific projects are utilized to meet the cost of developing those projects. Atthe completion of the project, any excess is refundable to the respective gov-ernments, while shortfalls are to be recovered and shown as a debit balance in therespective fund.
(o) InvestmentsLong term investments in subsidiaries are stated at cost in the Authority, less im-pairment loss where applicable.
(p) TaxationTax on the profit or loss for the year comprises current and deferred tax. Incometax is recognised in the income statement except to the extent that it relates to itemsrecognised directly in equity, in which case it is recognised in equity.
Current tax expense is the expected tax payable on the taxable income for the year,using tax rates enacted or substantially enacted at the balance sheet date, and anyadjustment to tax payable in respect of previous years.
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
AND ITS SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2003 - (cont.)
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (cont.)
WARTA KERAJAAN NEGERI SABAH 16 November 20061,620
Deferred tax is provided, using the liability method, on temporary differencesarising between the tax bases of assets and liabilities and their carrying amounts inthe financial statements. The amount of deferred tax provided is based on the ex-pected manner of realisation or settlement of the carrying amount of assets andliabilities, using tax rates enacted or substantially enacted at the balance sheet date.
A deferred tax asset is recognised only to the extent that it is probable that futuretaxable profits will be available against which the asset can be utilised.
(q) Cash and cash equivalentsCash and cash equivalents consist of cash on hand, balances and deposits withbanks. For the purpose of the cash flow statement, cash and cash equivalents arepresented net of bank overdrafts and pledged deposits.
(r) Property held for future developmentProperty held for future development, comprising land cost and development ex-penditure, is stated at cost. Land held for future development would be transferredto properties under development upon commencement of active development.
(s) Hire purchaseThe cash price of assets acquired under hire purchase arrangements is capitalisedunder property, plant and equipment at the respective dates of the execution of theagreements. Interest charges are taken up in the income statement on a sum-of-digits basis over the period of the hire purchase agreements.
LEMBAGA PEMBANGUNAN PERUMAHAN DAN BANDAR(Housing and Town Development Authority)
AND ITS SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2003 - (cont.)
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (cont.)
WARTA KERAJAAN NEGERI SABAH 1,62116 November 2006
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent A
utho
rity
)A
ND
IT
S SU
BSI
DIA
RIE
S
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31
ST D
EC
EM
BE
R, 2
003
- (co
nt.)
3.P R
OP
ER
TY
, PL
AN
T A
ND
EQ
UIP
ME
NT
Cos
t/Val
uatio
nA
t 1st
Jan
uary
, 200
3...
......
17,3
76,0
491,
966,
995
3,47
0,78
122
,813
,825
Add
ition
s...
......
......
1,50
0-
161,
428
162,
928
Dis
posa
ls...
......
......
-(1
82,7
81)
(1,2
00)
(183
,981
)T
rans
fers
......
......
...(5
3,90
3)-
-(5
3,90
3)
At 3
1st D
ecem
ber,
200
3...
......
17,3
23,6
461,
784,
214
3,63
1,00
922
,738
,869
Rep
rese
ntin
g it
ems
at:
Cos
t...
......
......
13,5
85,6
461,
784,
214
3,63
1,00
919
,000
,869
Val
uatio
n...
......
......
3,73
8,00
0-
-3,
738,
000
RM
17,3
23,6
46R
M1,
784,
214
RM
3,63
1,00
9R
M22
,738
,869
Dep
reci
atio
nA
t 1st
Jan
uary
, 200
3...
......
2,10
2,35
21,
514,
600
2,01
0,01
25,
626,
964
Cha
rge
for
the
year
......
...37
0,57
915
9,83
327
2,67
980
3,09
1D
ispo
sals
......
......
...-
(182
,780
)(2
40)
(183
,020
)T
rans
fers
......
......
...(8
,071
)-
-(8
,071
)
At 3
1st D
ecem
ber,
200
3...
......
2,46
4,86
01,
491,
653
2,28
2,45
16,
238,
964
Gro
upLa
nd a
ndbu
ildin
gs
RM
Mot
orve
hicl
es,
plan
t and
mac
hine
ry
RM
Tota
l
RM
Offi
cefu
rnitu
re,
fittin
gs,
equi
pmen
t and
reno
vatio
nR
M
WARTA KERAJAAN NEGERI SABAH 16 November 20061,622
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent A
utho
rity
)A
ND
IT
S SU
BSI
DIA
RIE
S
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31
ST D
EC
EM
BE
R, 2
003
- (co
nt.)
3.P R
OPE
RT
Y, P
LA
NT
AN
D E
QU
IPM
EN
T - (c
ont.)
Net
Boo
k Va
lue
At 3
1st D
ecem
ber,
200
3...
......
RM
14,8
58,7
86R
M29
2,56
1R
M1,
348,
558
RM
16,4
99,9
05
At 3
1st D
ecem
ber,
200
2...
......
RM
15,2
73,6
97R
M45
2,39
5R
M1,
460,
769
RM
17,1
86,8
61
Dep
reci
atio
n ch
arge
for
the
year
end
ed31
st D
ecem
ber,
200
2...
......
(963
,695
)15
9,83
624
3,63
6(5
60,2
23)
Land
and
Bui
ldin
gs
<
----
---
At v
alua
tion
----
-->
<--
----
----
- At
cos
t --
----
----
->
Cos
t/Val
uatio
nA
t 1st
Jan
uary
, 200
3...
......
850,
000
2,88
8,00
02,
997,
623
10,6
40,4
2617
,376
,049
Add
itio
ns...
......
......
--
-1,
500
1,50
0D
ispo
sal
......
......
...-
--
--
Tra
nsfe
rs...
......
......
--
-(5
3,90
3)(5
3,90
3)
At 3
1st D
ecem
ber,
200
3...
......
850,
000
2,88
8,00
02,
997,
623
10,5
88,0
2317
,323
,646
Gro
upLa
nd a
ndbu
ildin
gs
RM
Mot
orve
hicl
es,
plan
t and
mac
hine
ry
RM
Tota
l
RM
Offi
cefu
rnitu
re,
fittin
gs,
equi
pmen
t and
reno
vatio
nR
M
Gro
upTo
tal
RM
Build
ings
RM
Shor
t ter
mle
aseh
old
land
and
build
ings
RM
Long
term
leas
ehol
dla
ndR
M
Long
term
leas
ehol
dla
nd
RM
WARTA KERAJAAN NEGERI SABAH 1,62316 November 2006
Dep
reci
atio
nA
t 1st
Jan
uary
, 200
3...
......
...22
,666
253,
531
444,
282
1,38
1,87
32,
102,
352
Cha
rge
for
the
year
......
......
11,3
3486
,641
642
271,
962
370,
579
Dis
posa
l...
......
......
--
--
-T
rans
fers
......
......
...-
--
(8,0
71)
(8,0
71)
At 3
1st D
ecem
ber,
200
3...
......
34,0
0034
0,17
244
4,92
41,
645,
764
2,46
4,86
0
Net
Boo
k Va
lue
At 3
1st D
ecem
ber,
200
3...
......
RM
816,
000
RM
2,54
7,82
8R
M2,
552,
699
RM
8,94
2,25
9R
M14
,858
,786
At 3
1st D
ecem
ber,
200
2...
......
RM
827,
334
RM
2,63
4,46
9R
M2,
553,
341
RM
9,25
8,55
3R
M15
,273
,697
Dep
reci
atio
n ch
arge
for
the
year
end
ed31
st D
ecem
ber,
200
2...
......
RM
11,3
33R
M86
,641
RM
4,04
7(R
M1,
065,
716)
(RM
963,
695)
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent A
utho
rity
)A
ND
IT
S SU
BSI
DIA
RIE
S
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31
ST D
EC
EM
BE
R, 2
003
- (co
nt.)
3.P R
OPE
RT
Y, P
LA
NT
AN
D E
QU
IPM
EN
T - (c
ont.)
Land
and
Bui
ldin
gs - (c
ont.)
<--
----
- At
val
uatio
n --
----
>
<
----
----
-- A
t cos
t --
----
----
>
Gro
upTo
tal
RM
Build
ings
RM
Shor
t ter
mle
aseh
old
land
and
build
ings
RM
Long
term
leas
ehol
dla
ndR
M
Long
term
leas
ehol
dla
nd
RM
WARTA KERAJAAN NEGERI SABAH
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent A
utho
rity
)A
ND
IT
S SU
BSI
DIA
RIE
S
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31
ST D
EC
EM
BE
R, 2
003
- (co
nt.)
3.P R
OPE
RT
Y, P
LA
NT
AN
D E
QU
IPM
EN
T - (c
ont.)
Land
and
Bui
ldin
gs - (c
ont.)
Auth
ority
Tota
l
RM
Offi
cefu
rnitu
re,
fittin
gs,
equi
pmen
t and
reno
vatio
nR
M
Long
term
leas
ehol
dla
nd
RM
Build
ings
RM
Mot
orve
hicl
es
RM
Cos
tA
t 1st
Jan
uary
, 200
3...
......
2,94
6,29
810
,512
,876
1,64
9,59
13,
175,
143
18,2
83,9
08A
dditi
ons
......
......
...1,
500
--
106,
747
108,
247
Dis
posa
ls...
......
......
--
(182
,781
)-
(182
,781
)T
rans
fers
......
......
...(5
3,90
3)-
--
(53,
903)
At 3
1st D
ecem
ber,
200
3...
......
2,89
3,89
510
,512
,876
1,46
6,81
03,
281,
890
18,1
55,4
71
Dep
reci
atio
nA
t 1st
Jan
uary
, 200
3...
......
442,
999
1,37
8,04
71,
314,
304
1,89
0,37
45,
025,
724
Cha
rge
for
the
year
......
...57
,878
210,
258
124,
720
242,
124
634,
980
Dis
posa
ls...
......
......
--
(182
,780
)-
(182
,780
)T
rans
fers
......
......
...(8
,071
)-
--
(8,0
71)
At 3
1st D
ecem
ber,
200
3...
......
492,
806
1,58
8,30
51,
256,
244
2,13
2,49
85,
469,
853
Net
Boo
k Va
lue
At 3
1st D
ecem
ber,
200
3...
......
RM
2,40
1,08
9R
M8,
924,
571
RM
210,
566
RM
1,14
9,39
2R
M12
,685
,618
At 3
1st D
ecem
ber,
200
2...
......
RM
2,50
3,29
9R
M9,
134,
829
RM
335,
287
RM
1,28
4,76
9R
M13
,258
,184
Dep
reci
atio
n ch
arge
for
the
year
end
ed31
st D
ecem
ber,
200
2...
......
RM
2,76
4(R
M1,
069,
542)
RM
124,
722
RM
219,
067
(RM
722,
989)
16 November 20061,624
WARTA KERAJAAN NEGERI SABAH
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent A
utho
rity
)A
ND
IT
S SU
BSI
DIA
RIE
S
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31
ST D
EC
EM
BE
R, 2
003
- (co
nt.)
3.P R
OPE
RT
Y, P
LA
NT
AN
D E
QU
IPM
EN
T - (c
ont.)
(a)
Titl
e to
cer
tain
bui
ldin
gs o
f th
e G
roup
and
of
the
Aut
hori
ty w
ith c
ost o
f R
M8,
841,
230
(200
2 : R
M8,
841,
230)
has
yet
to b
e is
sued
.
(b)
The
lon
g an
d sh
ort
term
lea
seho
ld l
and
and
buil
ding
s of
the
Gro
up a
re s
tate
d at
dir
ecto
rs’
valu
atio
n ba
sed
on p
rofe
ssio
nal
valu
atio
ns m
ade
by J
S V
alue
rs P
rope
rty
Con
sult
ant S
dn. B
hd.,
on th
e op
en m
arke
t bas
is c
ondu
cted
on
10th
Aug
ust,
2000
and
26th
May
, 200
0 re
spec
tivel
y.
(c)
Had
the
lon
g an
d sh
ort
term
lea
seho
ld l
and
and
buil
ding
s of
the
Gro
up b
een
carr
ied
at h
isto
rica
l co
st l
ess
accu
mul
ated
depr
ecia
tion,
the
net
boo
k va
lue
of t
he l
ong
and
shor
t te
rm l
ease
hold
lan
d an
d bu
ildin
gs o
f th
e G
roup
tha
t w
ould
hav
e be
enin
clud
ed in
the
fina
ncia
l sta
tem
ents
of t
he e
nd o
f the
yea
r wou
ld b
e R
M24
9,16
9 an
d R
M48
6,45
6 (2
002
: RM
252,
678
and
RM
500,
796)
resp
ectiv
ely.
(d)
Cer
tain
long
term
leas
ehol
d la
nd o
f the
Gro
up a
nd A
utho
rity
are
cha
rged
to fi
nanc
ial i
nstit
utio
n as
sec
uriti
es fo
r ban
king
faci
litie
sgr
ante
d to
con
trac
tors
cos
ting
RM
126,
126
(200
2 : R
M63
,472
).
(e)
Mot
or v
ehic
le o
f the
Gro
up w
ith n
et b
ook
valu
e of
RM
40,0
07 (2
002
: RM
54,1
27) w
as a
cqui
red
unde
r hir
e pu
rcha
se a
rran
gem
ent.
4.I N
VE
STM
EN
TS
IN S
UB
SID
IAR
IES
Auth
ority
2003
2002
RM
RM
Unq
uote
d sh
ares
at c
ost
......
......
......
......
......
10,0
06,0
3110
,006
,031
Less
: All
owan
ce f
or d
imin
utio
n in
val
ue...
......
......
......
...(4
85,6
06)
(485
,606
)
RM
9,52
0,42
5R
M9,
520,
425
The
pri
ncip
al a
ctiv
ities
of
the
subs
idia
ries
, th
eir
plac
es o
f in
corp
orat
ion
and
the
inte
rest
of
Lem
baga
Pem
bang
unan
Per
umah
an d
anB
anda
r ar
e as
fol
low
s:
1,62516 November 2006
WARTA KERAJAAN NEGERI SABAH
Ef
fect
ive ow
ners
hip
Prin
cipa
lC
ount
ry o
fin
tere
sts
Nam
e of
com
pany
activ
ities
inco
rpor
atio
n20
0320
02%
%
KK
TP
Sdn.
Bhd
.R
ehab
ilita
tion
of a
band
oned
hou
sing
Mal
aysi
a10
010
0pr
ojec
ts f
or a
nd o
n be
half
of
the
Stat
e G
over
nmen
t of
Saba
h
Kua
la M
engg
atal
Dev
elop
men
tPr
oper
ty d
evel
opm
ent
Mal
aysi
a95
95 C
orpo
ratio
n Sd
n. B
hd.
Supe
rnes
a Sd
n. B
hd.
Con
stru
ctio
n w
ork
unde
r co
ntra
ct a
ndM
alay
sia
100
100
prop
erty
dev
elop
men
t
Supe
rpan
el (
Saba
h) S
dn. B
hd.
Hol
ding
of
prop
ertie
s fo
r re
ntal
, pro
visi
onM
alay
sia
100
100
of c
ontr
act w
orks
and
rel
ated
ser
vice
s an
din
sura
nce
agen
cy
5.H
OU
SIN
G D
EB
TO
RS
Gro
up a
nd A
utho
rity
2003
2002
RM
RM
Low
cos
t hou
sing
......
......
......
......
......
......
22,9
28,1
4522
,409
,897
Low
cos
t sho
phou
ses
......
......
......
......
......
...1,
462,
505
1,60
1,94
1C
omm
erci
al h
ousi
ng...
......
......
......
......
......
15,1
11,2
7617
,353
,737
Com
mer
cial
sho
phou
ses
......
......
......
......
......
4,43
1,39
04,
056,
222
Con
dom
iniu
m f
lats
......
......
......
......
......
......
8,58
6,85
39,
041,
940
RM
52,5
20,1
69R
M54
,463
,737
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent A
utho
rity
)A
ND
IT
S SU
BSI
DIA
RIE
S
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31
ST D
EC
EM
BE
R, 2
003
- (co
nt.)
4.I N
VE
STM
EN
TS
IN S
UB
SID
IAR
IES
- (c
ont.)
16 November 20061,626
WARTA KERAJAAN NEGERI SABAH
6.IN
VE
STM
EN
T P
RO
PER
TIE
S
At y
ear
end,
issu
ance
of
the
indi
vidu
al ti
tles
to th
ese
prop
ertie
s of
the
Gro
up is
stil
l pen
ding
the
sub-
divi
sion
of
the
mas
ter
title
.
7.I N
VE
NT
OR
IES
OF
UN
SOL
D H
OU
SE
S
Gro
up a
nd A
utho
rity
Inve
ntor
ies
of u
nsol
d ho
uses
of
RM
5,07
3,15
4 (2
002
: RM
5,70
5,09
9) a
re c
arri
ed a
t net
rea
lisab
le v
alue
.
8.D
EV
EL
OP
ME
NT
PR
OPE
RT
IES
Gro
upAu
thor
ity20
0320
0220
0320
02R
MR
MR
MR
M
Lan
d an
d de
velo
pmen
t cos
t...
......
...26
,214
,802
27,3
82,4
1314
,640
,681
16,1
87,7
34A
ttri
buta
ble
prof
its
......
......
...16
,013
,652
15,6
10,3
1653
,794
53,7
94
42,2
28,4
5442
,992
,729
14,6
94,4
7516
,241
,528
Less
: Pro
gres
s bi
llin
gs...
......
......
(24,
126,
760)
(23,
203,
100)
(568
,962
)(5
68,9
62)
RM
18,1
01,6
94R
M19
,789
,629
RM
14,1
25,5
13R
M15
,672
,566
9.T
RA
DE
RE
CE
IVA
BL
ES
Gro
up20
0320
02R
MR
M
Tra
de r
ecei
vabl
es...
......
......
......
......
......
...1,
401,
912
2,40
1,79
0Le
ss: A
llow
ance
for
dou
btfu
l deb
ts...
......
......
......
......
(166
,275
)(1
66,2
75)
RM
1,23
5,63
7R
M2,
235,
515
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent A
utho
rity
)A
ND
IT
S SU
BSI
DIA
RIE
S
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31
ST D
EC
EM
BE
R, 2
003
- (co
nt.)
1,62716 November 2006
WARTA KERAJAAN NEGERI SABAH
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent A
utho
rity
)A
ND
IT
S SU
BSI
DIA
RIE
S
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31
ST D
EC
EM
BE
R, 2
003
- (co
nt.)
10.
OT
HE
R R
EC
EIV
AB
LE
S, D
EPO
SIT
S A
ND
PR
EPA
YM
EN
TS
Gro
upAu
thor
ity20
0320
0220
0320
02R
MR
MR
MR
M
Oth
er r
ecei
vabl
es, d
epos
its
and
prep
aym
ents
...24
,940
,304
24,9
44,7
0824
,566
,693
24,4
11,0
59Le
ss: A
llow
ance
for
dou
btfu
l deb
ts...
......
(10,
572,
031)
(10,
629,
486)
(10,
557,
591)
(10,
617,
590)
RM
14,3
68,2
73R
M14
,315
,222
RM
14,0
09,1
02R
M13
,793
,469
Incl
uded
in
othe
r re
ceiv
able
s, d
epos
its a
nd p
repa
ymen
ts o
f th
e G
roup
and
of
the
Aut
hori
ty a
re l
oans
to
empl
oyee
s am
ount
ing
toR
M43
,600
(20
02 :
RM
57,3
85).
11.
AM
OU
NT
DU
E F
RO
M/T
O S
UB
SID
IAR
IES
The
am
ount
due
fro
m/to
sub
sidi
arie
s is
uns
ecur
ed, i
nter
est f
ree
and
has
no f
ixed
term
s of
rep
aym
ent.
12.
F IX
ED
DE
POSI
TS
Gro
upAu
thor
ity20
0320
0220
0320
02R
MR
MR
MR
M
Dep
osits
are
pla
ced
with
:L
icen
sed
bank
s...
......
......
...20
,255
,808
20,8
56,3
8516
,022
,619
15,9
60,3
25Fi
nanc
e co
mpa
nies
......
......
...4,
932,
357
4,48
2,06
53,
400,
000
3,00
0,00
0
RM
25,1
88,1
65R
M25
,338
,450
RM
19,4
22,6
19R
M18
,960
,325
16 November 20061,628
WARTA KERAJAAN NEGERI SABAH
Incl
uded
in th
e fi
xed
depo
sits
are
:
(a)
an a
mou
nt o
f R
M20
0,00
0 (2
002
: R
M20
0,00
0) o
f th
e G
roup
hel
d on
lie
n by
a l
icen
sed
bank
to
secu
re t
he o
verd
raft
fac
ilitie
sgr
ante
d to
one
of
the
subs
idia
ries
(se
e N
ote
15).
(b)
an a
mou
nt o
f R
M6,
000,
000
(200
2 :
RM
6,00
0,00
0) o
f th
e G
roup
and
of
the
Aut
hori
ty h
eld
on l
ien
by a
lic
ense
d ba
nk f
or t
heov
erdr
aft f
acili
ties
of th
e A
utho
rity
(se
e N
ote
15).
(c)
an a
mou
nt o
f R
M N
il (2
002
: RM
10,4
25)
of th
e G
roup
and
of
the
Aut
hori
ty h
eld
on li
en b
y a
licen
sed
bank
for
a b
ank
guar
ante
eof
the
Aut
hori
ty.
13.
TR
AD
E P
AY
AB
LE
S
Incl
uded
in tr
ade
paya
bles
of
the
Gro
up a
nd th
e A
utho
rity
is r
eten
tion
sum
of
RM
3,75
2,56
0 (2
002
: RM
3,18
5,97
6) a
nd R
M3,
714,
779
(200
2 : R
M3,
139,
448)
res
pect
ivel
y.
14.
P RO
VIS
ION
Repa
ir a
ndG
roup
and
Aut
hori
tym
aint
enan
ceR
M
Bal
ance
at 1
st J
anua
ry, 2
003.
.....
......
......
......
......
......
......
4,28
7,87
4Pr
ovis
ion
mad
e du
ring
the
year
......
......
......
......
......
......
...76
9,77
6Pr
ovis
ion
used
dur
ing
the
year
......
......
......
......
......
......
...(1
44,5
83)
Prov
isio
n re
vers
ed d
urin
g th
e ye
ar...
......
......
......
......
......
......
(888
,086
)
Bal
ance
at 3
1st D
ecem
ber,
200
3...
......
......
......
......
......
......
RM
4,02
4,98
1
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent A
utho
rity
)A
ND
IT
S SU
BSI
DIA
RIE
S
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31
ST D
EC
EM
BE
R, 2
003
- (co
nt.)
12.
FIX
ED
DE
POSI
TS
- (co
nt.)
1,62916 November 2006
WARTA KERAJAAN NEGERI SABAH
15.
BA
NK
OV
ER
DR
AFT
S
The
ban
k ov
erdr
afts
of t
he G
roup
and
of t
he A
utho
rity
are
sec
ured
by
way
of f
ixed
dep
osits
of R
M6,
200,
000
(200
2 : R
M6,
200,
000)
and
RM
6,00
0,00
0 (2
002
: RM
6,00
0,00
0) h
eld
on li
en b
y th
e lic
ense
d ba
nks
resp
ectiv
ely
(see
Not
e 12
).
The
ban
k ov
erdr
afts
of
the
Gro
up a
nd o
f th
e A
utho
rity
are
sub
ject
to in
tere
st a
t 1.5
% (
2002
: 1.
5%)
per
annu
m a
bove
the
bank
’s b
ase
lend
ing
rate
res
pect
ivel
y.
16.
HIR
E P
UR
CH
AS
E C
RE
DIT
OR
Hir
e pu
rcha
se c
redi
tor
is p
ayab
le a
s fo
llow
s:
Paym
ents
Inte
rest
Prin
cipa
lPa
ymen
tsIn
tere
stPr
inci
pal
Gro
up20
0320
0320
0320
0220
0220
02R
MR
MR
MR
MR
MR
M
Les
s th
an o
ne y
ear
......
...11
,800
4,07
67,
804
11,8
805,
008
6,87
2
Bet
wee
n on
e an
d fi
ve y
ears
...45
,480
6,99
538
,485
47,5
2010
,715
36,8
05
Mor
e th
an f
ive
year
s...
...-
--
9,84
035
69,
484
45,4
806,
995
38,4
8557
,360
11,0
7146
,289
RM
57,3
60R
M11
,071
RM
46,2
89R
M69
,240
RM
16,0
79R
M53
,161
The
hir
e pu
rcha
se c
redi
tor
is s
ubje
ct to
a f
ixed
inte
rest
of
9.79
% (
2002
: 9.
79%
) pe
r an
num
.
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent A
utho
rity
)A
ND
IT
S SU
BSI
DIA
RIE
S
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31
ST D
EC
EM
BE
R, 2
003
- (co
nt.)
16 November 20061,630
WARTA KERAJAAN NEGERI SABAH
17.
TE
RM
LO
AN
Gro
up20
0320
02R
MR
MN
on c
urre
nt
Ter
m lo
an -
sec
ured
......
......
......
......
......
...R
M5,
756,
642
RM
5,86
6,62
5
Ter
ms
and
debt
s re
paym
ent s
ched
ule
Gro
upT
he te
rm lo
an o
f the
Gro
up is
cha
rged
at a
n in
tere
st ra
te o
f 8.3
1% (2
002
: 8.3
1%) p
er a
nnum
and
repa
id b
y ei
ther
one
of t
he fo
llow
ings
,w
hich
ever
is th
e ea
rlie
r:
(i)
By
rede
mpt
ion
of th
e ho
uses
/sho
phou
ses
base
d on
100
% o
f th
e se
lling
pri
ce.
(ii)
By
spre
adin
g on
e or
tw
o re
paym
ents
for
eac
h of
the
loa
ns f
or v
ario
us p
roje
cts
acco
rdin
gly
and
the
term
of
repa
ymen
ts r
angi
ngfr
om tw
elve
to th
irty
nin
e m
onth
s.
18.
S TA
TE
GO
VE
RN
ME
NT
LO
AN
SG
roup
and
Aut
hori
ty20
0320
02R
MR
MSt
ate
Gov
ernm
ent l
oans
- u
nsec
ured
Cur
rent
......
......
......
......
......
......
...15
,740
,858
14,9
48,2
46N
on-c
urre
nt...
......
......
......
......
......
...9,
738,
824
9,55
9,64
3
RM
25,4
79,6
82R
M24
,507
,889
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent A
utho
rity
)A
ND
IT
S SU
BSI
DIA
RIE
S
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31
ST D
EC
EM
BE
R, 2
003
- (co
nt.)
1,63116 November 2006
WARTA KERAJAAN NEGERI SABAH
LE
MB
AG
A P
EM
BA
NG
UN
AN
PE
RU
MA
HA
N D
AN
BA
ND
AR
(Hou
sing
and
Tow
n D
evel
opm
ent A
utho
rity
)A
ND
IT
S SU
BSI
DIA
RIE
S
NO
TE
S T
O T
HE F
INA
NC
IAL
ST
AT
EM
EN
TS
- 31
ST D
EC
EM
BE
R, 2
003
- (co
nt.)
Ter
ms
and
debt
s re
paym
ent s
ched
ule
Und
er1
to 2
2 to
5O
ver 5
Gro
up a
nd A
utho
rity
Tota
l1
year
year
sye
ars
year
sR
MR
MR
MR
MR
M20
03
Uns
ecur
ed S
tate
Gov
ernm
ent l
oans
-fi
xed
at 4
%...
......
...R
M25
,479
,682
RM
15,7
40,8
58R
M77
1,17
5R
M2,
624,
248
RM
6,34
3,40
1
2002
Uns
ecur
ed S
tate
Gov
ernm
ent l
oans
- f
ixed
at 4
%...
......
...R
M24
,507
,889
RM
14,9
48,2
46R
M68
0,88
6R
M2,
778,
753
RM
6,10
0,00
4
19.
F ED
ER
AL
GO
VE
RN
ME
NT
LO
AN
SG
roup
and
Aut
hori
ty20
0320
02R
MR
M
Fede
ral G
over
nmen
t loa
ns -
uns
ecur
edC
urre
nt...
......
......
......
......
......
...3,
113,
163
2,99
0,88
4N
on-c
urre
nt...
......
......
......
......
......
...36
,160
,291
36,1
32,8
57
RM
39,2
73,4
54R
M39
,123
,741
18.
STA
TE
GO
VE
RN
ME
NT
LO
AN
S - (
cont
.)
16 November 20061,632