YEO'S - CORPORATE ANNOUNCEMENT
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    CORPORATE ANNOUNCEMENT

    NOTES

    1. The same accounting policies and methods of computation are followed in the
    quarterly financial statements as compared with the most recent annual financial statements.
    2. The exceptional items consist of RM2.7 million for the discontinued farm and
    meat-shop operations and RM13 million of provision for relocation of manufacturing facilities.
    3.
    There are no extraordinary items.
    4. There are no provision for taxation for the current financial year as the corporate tax will be waived. The taxation figures consist of deferred tax credit of RM191,672 under provision in prior years of RM585,682 and over provision of an associated Company's taxation of RM47,572.
    5. There are no pre-acquisition profits for the current financial year to date.
    6. There are no profits on disposal of investments and properties for the current financial year to date.
    7. (a) There are no purchases or sales of quoted securities for the financial year to           date.
    (b) The investment in quoted shares as at end of the reporting period is as follows:
     
      At cost 129
      At carrying value / book value 129
      At market value   41

    8.

    There are no changes in the composition of the Company for the current financial year to date including business combination, acquisition or disposal of subsidiaries and long term investments, restructuring and discontinuing operations other than the proposed acquisition as mentioned in note 9 and the discontinuation of the farm operations as mentioned in note 2.

    9.

    The Company has obtained the approval of the Bank Negara Malaysia and MITI, and is awaiting the approval from the Securities Commission on the proposed acquisition of YHS Beverage (International) Pte. Ltd.

    10.

    The operations are normally affected by the higher demands during festive periods.

    11.

    There are no issuances and repayment of debt and equity securities, share buy-back, share cancellations, shares held as treasury shares and resale of treasury shares for the financial year to date.

    12.

    The short-term borrowings consist of bank overdrafts and bankers acceptances amount to RM34 million are denominated in Ringgit Malaysia.

    13.

    The subsidiary companies have credit and loan facilities amounting to RM1,950,000 obtained from local financial institutions which are guaranteed by the Company. Accordingly, the Company is contingently liable to the extent of the amount of the credit and loan facilities utilised by its subsidiary companies. None of the credit and loan facilities is secured against the assets of the Company or of the Group.

    14.

    There are no financial instruments with off balance sheet risk as at the date of the quarterly report.

    15.

    The pending material litigation is as disclosed in the Quarterly Report ended 30th September 1999.

    16.

    The business segments share significant common distribution network and resources and the directors are of the opinion that it is not meaningful and practical to allocate common costs and assets employed to the individual segment. Information on the Group's operations by geographical segments has not been provided as the Group operates principally in Malaysia.

    17.

    The Board has approved the relocation of certain identified manufacturing operations to its megaplant at Simpang Renggam. Work has commenced at the site. As a result, a provision has been made for the relocation of manufacturing facilities of RM13 million as recorded under exceptional items which accounts for the loss recorded for the fourth quarter.

    18.

    The Group's operations have benefited from the improved demands for the beverage products especially in the second half of the year as the local economy recovers from the recession. Profit before taxation, minority interests and exceptional items improved to RM11.1 million over RM7.7 million of the preceding year. Cost improvement programmes employed by the Company also contributed to the operating profits for the year. The profit for the year under review was however subject to the exceptional items as mentioned in note 2. In the opinion of the Directors, no items, transaction or event of a material and unusual nature has arisen which would have affected substantially the results of the Group and the Company between 31st December, 1999 and the date of this report.

    19.

    The Board of Directors are of the opinion that the performance will improve in the year 2000 in line with the latest economic indicators of the economy. However certain material costs are anticipated to increase.

    20.

    The explanatory notes on the variance of actual profit from forecast profit and shortfall in the profit guarantee is not applicable.
    21 Dividend
    (a) a final dividend has been recommended.

    (b)  (i) amount per RM1.00 share is 1.44 sen (net at 28% Malaysian Income Tax)
          (ii) previous corresponding period amount per RM1.00 share is 1.44 sen
              (net at 28% Malaysian Income Tax)
          (iii) total dividend for the current financial year amount per RM1.00 share is
               2.88 sen (net at 28% Malaysian Income Tax)

    (c) date payable 8th August, 2000; and

    (d) in respect of deposited securities, entitlement to dividends will be determined       on the basis of a record of depositors as at 17th July, 2000.
     
      YEO HIAP SENG (MALAYSIA) BERHAD. 2004 (co.NO.3405-X)