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annual report 2017
Mef
Annual Report 2017 1
Corporate Structure
Financial Highlights
Share Price Performance
Management Discussion and Analysis
Sustainability Statement
Audit and Risk Management
Statement on Risk Managementand Internal Control
Financial Statements
Analysis of Shareholdings
Proxy Form
02
03
04
06
07
11
16
20
27
30
43
49
51
53
142
143
146
contents
MY E.G. SERVICES BERHAD (505639-K)2
www.myeg.com.my
100%
55%
100% Mydigitalcoin Sdn. Bhd.
100%
100%
67%
60%
60%
100% MUCA Wellness Sdn. Bhd.
55%
55%
100%
100% CardBiz Payment Services Sdn. Bhd.
100% CardBiz Technologies Sdn. Bhd.
100%
100%
CORPORATE STRUCTURE
Annual Report 2017 3
Tai Yit Chan (MAICSA 7009143)Tan Ai Ning (MAICSA 7015852)
Lot 6.05, Level 6, KPMG Tower8 First Avenue, Bandar Utama47800 Petaling JayaSelangor Darul Ehsan
: 03-7720 1188 : 03-7720 1111
Level 43A, MYEG TowerNo. 8, Jalan DamansaraEmpire City, PJU 847820 Petaling Jaya, Selangor
: 03-7664 8000 : 03-7664 8008
: investors@myeg.com.my : www.myeg.com.my
Crowe Horwath (AF 1018)Level 16 Tower C, Megan Avenue II12 Jalan Yap Kwan Seng50450 Kuala Lumpur
: 03-2788 9999 : 03-2788 9998
Boardroom Corporate Services (KL) Sdn. Bhd. (3775-X)Lot 6.05, Level 6, KPMG Tower8 First Avenue, Bandar Utama47800 Petaling JayaSelangor Darul Ehsan
: 03-7720 1188 : 03-7720 1111
CIMB Bank BerhadMalayan Banking BerhadPublic Bank BerhadRHB Bank Berhad
Main Market of Bursa Malaysia
Stock Code: 0138
DIRECTORS
CORPORATE iNFORMATION
MY E.G. SERVICES BERHAD (505639-K)4
RM’000REVENUE
RM’000NET PROFIT
RM’000SHAREHOLDERS’ EQUITY
371,
215
281,
728
141,
518
109,
872
76,4
84
66,9
24
12 13 14 15 16 1720
0,04
8
142,
519
68,0
47
50,1
13
34,8
49
27,3
44
12 13 14 15 16 17
553,
404
400,
297
273,
913
176,
657
139,
639
118,
668
12 13 14 15 16 17
863,
773
724,
403
447,
797
236,
036
182,
111
149,
969
12 13 14 15 16 17
5.6
4.0*
1.9*
1.4*
1.0*
0.8*
12 13 14 15 16 17
14.6
10.4
*
7.0*
4.3*
3.2*
2.6*
12 13 14 15 16 17
RM’000TOTAL ASSETS
SENNET EARNINGS PER SHARE
SENNET TANGIBLE ASSETS PER SHARE
5-year CAGR# 40.9% 5-year CAGR# 48.9% 5-year CAGR# 36.1%
5-year CAGR# 41.9%
FINANCIAL HIGHLIGHTS
# CAGR: Compounded Annual Growth Rate
Annual Report 2017 5
FINANCIAL HIGHLIGHTSCONT’D
Summarised Group Income StatementsYear Ended 30 June (RM’000) 2012 2013 2014 2015 2016 2017
Revenue 66,924 76,484 109,872 141,518 281,728 371,215
EBITDA (1) 37,168 46,390 64,833 84,554 164,405 226,431
27,610 34,391 50,710 68,213 143,226 201,478
27,344 34,849 50,113 68,047 142,519 200,048
27,344 34,849 50,113 74,747 142,519 200,048
Summarised Group Balance SheetsAs At 30 June (RM’000) 2012 2013 2014 2015 2016 2017
Total Non-Current Assets 98,157 102,665 101,328 140,118 286,541 414,616
Total Current Assets 51,812 79,446 134,708 307,679 437,862 449,157
TOTAL ASSETS 149,969 182,111 236,036 447,797 724,403 863,773
60,105 60,105 60,105 120,210 240,420 360,630
(2,206) (7,766) (10,237) (6,783) (2) -
- - - 43,709 6,700 192,774
60,769 87,300 126,789 116,777 153,179 186,074
118,668 139,639 176,657 273,913 400,297 553,404
- 3 2 (20) (161) (1,463)
Total Equity 118,668 139,642 176,659 273,893 400,136 551,941
8,272 8,833 8,971 7,514 84,681 116,262
23,029 33,636 50,406 166,390 239,586 195,570
TOTAL EQUITY AND LIABILITIES 149,969 182,111 236,036 447,797 724,403 863,773
Financial Analysis 2012 2013 2014 2015 2016 2017
13.8% 14.3% 43.7% 28.8% 99.1% 31.8%
20.3% 24.6% 47.5% 34.5% 110.0% 40.7%
23.6% 27.4% 43.8% 35.8% 109.4% 40.4%
55.5% 60.7% 59.0% 59.7% 58.4% 61.0%
41.3% 45.0% 46.2% 48.2% 50.8% 54.3%
40.9% 45.6% 45.6% 48.1% 50.6% 53.9%
25.0% 27.0% 31.7% 30.2% 42.3% 42.0%
20.1% 21.0% 24.0% 19.9% 24.3% 25.2%
2.6* 3.2* 4.3* 7.0* 10.4* 14.6
0.8* 1.0* 1.4* 1.9* 4.0* 5.6
MY E.G. SERVICES BERHAD (505639-K)6
ADJUSTED CLOSE
.5
.5
.5
(RM)
VOLUME
5
(Unit)
SHARE PRICE PERFORMANCEFOR THE PERIOD 1 JULY 2016 TO 29 SEPTEMBER 2017
Share Price Performance
Record High
Closing Price as at 29 September 2017 RM2.05
Annual Report 2017 7
Management Discussion and Analysis
CORPORATE OVERVIEW
revenue.
MY E.G. SERVICES BERHAD (505639-K)8
Management Discussion and AnalysisCONT’D
ANALYSIS OF FINANCIAL RESULTS
FYE 2016.
Dividend
Annual Report 2017 9
Management Discussion and AnalysisCONT’D
REVIEW OF OPERATIONS
Concession Based Services
Commercial Based Services (Concession and Non-Concession)
.
Overseas Expansion
MY E.G. SERVICES BERHAD (505639-K)10
KNOWN TRENDS AND EVENT
MANAGING RISKS
MOVING FORWARD
Management Discussion and AnalysisCONT’D
Annual Report 2017 11
Sustainability Statement
EMBRACING SUSTAINABILITY IN MYEG
IDENTIFYING MATERIAL SUSTAINABILITY MATTERS
.
Key Stakeholder Group Engagement Methods
Cyber Security, Customer Satisfaction, Community Investment, Employees Intellectual Property
MY E.G. SERVICES BERHAD (505639-K)12
IDENTIFYING MATERIAL SUSTAINABILITY MATTERS cont’d
1. Cyber Security
Safeguarding our IT Systems
Sustainability StatementCONT’D
IT SecurityMeasures
Intrusion Detectionand Prevention System
Antivirus and Anti-malwaresystem
Threat and VulnerabilityManagement
Physical and Logical Access Controls
IT Audit and IT Governance Programmes
IT Security Training and Awareness
Annual Report 2017 13
Sustainability StatementCONT’D
IDENTIFYING MATERIAL SUSTAINABILITY MATTERS cont’d
3. Community Investment
No. Date
1.
2. Top
June 2017.
June 2017
3.
MY E.G. SERVICES BERHAD (505639-K)14
IDENTIFYING MATERIAL SUSTAINABILITY MATTERS cont’d
3. Community Investment cont’d
No. Date
4.
5.
6.
7.
8.
9.
10. 7-June-2017
11. 14-June-2017
12. 20-June-2017
4. Employees
Sustainability StatementCONT’D
Annual Report 2017 15
IDENTIFYING MATERIAL SUSTAINABILITY MATTERS cont’d
4. Employees cont’d
5. Intellectual Property
MOVING FORWARD
Sustainability StatementCONT’D
MY E.G. SERVICES BERHAD (505639-K)16
Road Tax...
SPONSORSHIP OF EVENTS
YOUTH EXPO 2017
AID AND DONATIONS
HIGHLIGHTs of SIGNIFICANT EVENTS
Annual Report 2017 17
MYEG BACK TO SCHOOL PROGRAMME
CHINESE NEW YEAR VISITATION TO SANCTUARY RETIRING HOME
KOMUNITI MYEG SUPPORTS WORLD CANCER DAY
HIGHLIGHTs of SIGNIFICANT EVENTSCONT’D
MY E.G. SERVICES BERHAD (505639-K)18
PROGRAM IHYA RAMADAN WITH STUDENTS FROM SEKOLAH TAHFIZ DAN ASRAMA ANAK YATIM,
SPONSORSHIP OF FOOD PACKS FOR THE UNDERPRIVILEGED COMMUNITY AT PROJECT
LEMBAH SUBANG
SPONSORSHIP OF ITEMS TO PERTUBUHAN RUMAH CHRESTUS
HIGHLIGHTs of SIGNIFICANT EVENTSCONT’D
Annual Report 2017 19
MYEG BLOOD DONATION CAMPAIGN 2017
AWARDS AND RECOGNITIONS
FORBES ASIA’S 200 BEST UNDER A BILLION 2017
THE EDGE BILLION RINGGIT CLUB AWARDS 2017
HIGHLIGHTs of SIGNIFICANT EVENTSCONT’D
MY E.G. SERVICES BERHAD (505639-K)20
DATO’ DR NORRAESAHBINTI HAJI MOHAMAD
DATO’ DR NORRAESAH BINTI HAJI MOHAMAD
DIRECTORS’ PROFILE
Annual Report 2017 21
WONG THEAN SOON
WONG THEAN SOON
DIRECTORS’ PROFILECONT’D
MY E.G. SERVICES BERHAD (505639-K)22
TAN SRI DATO’DR MUHAMMAD RAIS
BIN ABDUL KARIM
TAN SRI DATO’ DR MUHAMMAD RAIS BIN ABDUL KARIM
DIRECTORS’ PROFILECONT’D
Annual Report 2017 23
DATO’ RAJAHAJI MUNIR SHAH
BIN RAJA MUSTAPHA
AAAHHHAAA
DATO’ RAJA HAJI MUNIR SHAH BIN RAJA MUSTAPHA
DIRECTORS’ PROFILECONT’D
MY E.G. SERVICES BERHAD (505639-K)24
NG FOOK AI, VICTOR
NG FOOK AI, VICTOR
DIRECTORS’ PROFILECONT’D
Annual Report 2017 25
DATUK MOHD JIMMY WONGBIN ABDULLAH
DATUK MOHD JIMMY WONG BIN ABDULLAH,
DIRECTORS’ PROFILECONT’D
MY E.G. SERVICES BERHAD (505639-K)26
DATO’ SHAMSUL ANUARBIN HAJI NASARAH
DATO’ SHAMSUL ANUAR BIN HAJI NASARAH
DIRECTORS’ PROFILECONT’D
Annual Report 2017 27
KEY SENIOR Management’s PROFILE
JASON CHAN LING KHEE
CHONG CHIEN MING
MY E.G. SERVICES BERHAD (505639-K)28
KEY SENIOR Management’s PROFILECONT’D
DATUK NOR ADNAN BIN ZAINAL ABIDIN
MOHD RUSHDAN KHAIRUL ANUAR
Annual Report 2017 29
KEY SENIOR Management’s PROFILECONT’D
NGEOW KIAN MOON2015.
HASYYATI BINTI SHUKRI
MY E.G. SERVICES BERHAD (505639-K)30
CORPORATE GOVERNANCE STATEMENT
ESTABLISH CLEAR ROLES AND RESPONSIBILITIES
).
Annual Report 2017 31
CORPORATE GOVERNANCE STATEMENTCONT’D
ESTABLISH CLEAR ROLES AND RESPONSIBILITIES cont’d
cont’d
cont’d
MY E.G. SERVICES BERHAD (505639-K)32
CORPORATE GOVERNANCE STATEMENTCONT’D
ESTABLISH CLEAR ROLES AND RESPONSIBILITIES cont’d
cont’d
cont’d
BOARD OF DIRECTORS
Code of Conduct and Whistle-Blowing Policy
Annual Report 2017 33
CORPORATE GOVERNANCE STATEMENTCONT’D
ESTABLISH CLEAR ROLES AND RESPONSIBILITIES cont’d
Sustainability
Company Secretaries
MY E.G. SERVICES BERHAD (505639-K)34
STRENGTHEN COMPOSITION
).
CORPORATE GOVERNANCE STATEMENTCONT’D
Annual Report 2017 35
STRENGTHEN COMPOSITION cont’d
cont’d
CORPORATE GOVERNANCE STATEMENTCONT’D
MY E.G. SERVICES BERHAD (505639-K)36
STRENGTHEN COMPOSITION cont’d
CORPORATE GOVERNANCE STATEMENTCONT’D
Annual Report 2017 37
STRENGTHEN COMPOSITION cont’d
cont’d
Fees SalariesOther
Emoluments In Kind Total
RM’000 RM’000 RM’000 RM’000 RM’000
622 - 53 - 675
251 - - - 251
873 - 53 - 926
Directors Directors Total
- - -
RM50,001 - RM100,000 - 3 3
RM100,001 - RM150,000 - - -
RM150,001 - RM200,000 1 - 1
RM200,001 - RM250,000 1 - 1
RM250,001 - RM300,000 1 - 1
REINFORCE INDEPENDENCE
Annual Assessment of Independence
CORPORATE GOVERNANCE STATEMENTCONT’D
MY E.G. SERVICES BERHAD (505639-K)38
REINFORCE INDEPENDENCE cont’d
Tenure of Independent Directors
Chairman and Managing Director
FOSTER COMMITMENT
Time Commitment
CORPORATE GOVERNANCE STATEMENTCONT’D
Annual Report 2017 39
FOSTER COMMITMENT cont’d
Time Commitment cont’d
Name of Directors
Total
%
100
100
100
100
100
100
67
Directors’ Training
UPHOLD INTEGRITY IN FINANCIAL REPORTING
CORPORATE GOVERNANCE STATEMENTCONT’D
MY E.G. SERVICES BERHAD (505639-K)40
UPHOLD INTEGRITY IN FINANCIAL REPORTING cont’d
Suitability and Independence of Internal and External Auditors
Audit Fee Non-Audit Fee
RM48,000 RM5,000
RM194,000 RM5,000
CORPORATE GOVERNANCE STATEMENTCONT’D
Annual Report 2017 41
UPHOLD INTEGRITY IN FINANCIAL REPORTING cont’d
Suitability and Independence of Internal and External Auditors cont’d
DIRECTORS RESPONSIBILITY STATEMENT
RECOGNISE AND MANAGE RISKS
CORPORATE GOVERNANCE STATEMENTCONT’D
MY E.G. SERVICES BERHAD (505639-K)42
ENSURE TIMELY AND HIGH QUALITY DISCLOSURE
Corporate Disclosure Policies and Procedures
STRENGTHEN RELATIONSHIP BETWEEN COMPANY AND SHAREHOLDERS
COMPLIANCE STATEMENT
CORPORATE GOVERNANCE STATEMENTCONT’D
Annual Report 2017 43
MEMBERSHIP
ARMC MEETINGS
ARMC Members
Audit and risk management committee report
MY E.G. SERVICES BERHAD (505639-K)44
COMPOSITION AND TERMS OF REFERENCE
2. Chairman
3. Secretary
Audit and risk management committee reportCONT’D
Annual Report 2017 45
COMPOSITION AND TERMS OF REFERENCE cont’d
cont’d
5. Rights
Audit and risk management committee reportCONT’D
MY E.G. SERVICES BERHAD (505639-K)46
COMPOSITION AND TERMS OF REFERENCE cont’d
cont’d
cont’d
Audit and risk management committee reportCONT’D
Annual Report 2017 47
COMPOSITION AND TERMS OF REFERENCE cont’d
cont’d
cont’d
SUMMARY OF ACTIVITIES UNDERTAKEN BY THE ARMC
Audit and risk management committee reportCONT’D
MY E.G. SERVICES BERHAD (505639-K)48
SUMMARY OF ACTIVITIES UNDERTAKEN BY THE ARMC cont’d
cont’d
TRAINING AND EDUCATION
INTERNAL AUDIT FUNCTION
Audit and risk management committee reportCONT’D
Annual Report 2017 49
INTRODUCTION
BOARD’S RESPONSIBILITY
.
RISK MANAGEMENT FRAMEWORK
INTERNAL AUDIT FUNCTION
STATEMENT ON RISK MANAGEMENTAND INTERNAL CONTROL
MY E.G. SERVICES BERHAD (505639-K)50
INTERNAL AUDIT FUNCTION cont’d
.
OTHER KEY ELEMENTS OF INTERNAL CONTROLS
ASSURANCE
CONCLUSION
REVIEW BY EXTERNAL AUDITORS
STATEMENT ON RISK MANAGEMENTAND INTERNAL CONTROLCONT’D
Annual Report 2017 51
1. STATUTORY AUDIT AND NON-STATUTORY AUDIT FEES
Company Group
RM48,000 RM194,000
RM5,000 RM5,000
2. MATERIAL CONTRACTS
3. CONTRACTS RELATING TO LOANS
4. UTILISATION OF PROCEEDS
ADDITIONAL COMPLIANCE INFORMATION
Directors’ Report
Statement by Directors
Independent Auditors’ Report
Other Comprehensive Income
Statements of Changes in Equity
Statements of Cash Flows
Notes to the Financial Statements
54
60
60
61
65
67
68
71
74
Financial
Statements
MY E.G. SERVICES BERHAD (505639-K)54
PRINCIPAL ACTIVITIES
RESULTS
The Group The Company
RM’000 RM’000
DIVIDENDS
RM’000
RESERVES AND PROVISIONS
DIRECTORS’ REPORT
Annual Report 2017 55
ISSUES OF SHARES AND DEBENTURES
TREASURY SHARES
OPTIONS GRANTED OVER UNISSUED SHARES
BAD AND DOUBTFUL DEBTS
CURRENT ASSETS
DIRECTORS’ REPORT
CONT’D
MY E.G. SERVICES BERHAD (505639-K)56
VALUATION METHODS
CONTINGENT AND OTHER LIABILITIES
CHANGE OF CIRCUMSTANCES
ITEMS OF AN UNUSUAL NATURE
DIRECTORS
DIRECTORS’ REPORTCONT’D
Annual Report 2017 57
DIRECTORS cont’d
DIRECTORS’ INTERESTS
Number of Ordinary Shares
At 1.7.2016 Bonus Issue Bought Sold At 30.6.2017
Direct Interests in the Company
Indirect Interests in the Company
(1)
Malaysia.
(3)
DIRECTORS’ REPORT
CONT’D
MY E.G. SERVICES BERHAD (505639-K)58
DIRECTORS’ INTERESTS cont’d
DIRECTORS’ BENEFITS
DIRECTORS’ REMUNERATION
INDEMNITY AND INSURANCE COST
SUBSIDIARIES
SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR
SIGNIFICANT EVENTS OCCURRING AFTER THE REPORTING PERIOD
DIRECTORS’ REPORTCONT’D
Annual Report 2017 59
AUDITORS
Wong Thean Soon
Dato’ Raja Haji Munir Shah Bin Raja Mustapha
DIRECTORS’ REPORT
CONT’D
MY E.G. SERVICES BERHAD (505639-K)60
Wong Thean Soon Dato’ Raja Haji Munir Shah Bin Raja Mustapha
Wong Thean Soon
Lai Din
STATEMENT BY DIRECTORSPursuant to Section 251(2) of the Companies Act 2016
STATUTORYDECLARATIONPursuant to Section 251(1)(B) of the Companies Act 2016
Annual Report 2017 61
REPORT ON THE AUDIT OF THE FINANCIAL STATEMENTS
Opinion
Basis for Opinion
INDEPENDENT AUDITORS’ REPORT
To the members of MY E.G. Services Berhad
(Incorporated in Malaysia) Company No.: 505639-K
MY E.G. SERVICES BERHAD (505639-K)62
cont’d
Impairment of Amount Owing by an Associate
INDEPENDENTAUDITORS’ REPORTTo the members of MY E.G. Services Berhad
(Incorporated in Malaysia) Company No.: 505639-K
CONT’D
Annual Report 2017 63
INDEPENDENTAUDITORS’ REPORT
To the members of MY E.G. Services Berhad
(Incorporated in Malaysia) Company No.: 505639-K
CONT’D
MY E.G. SERVICES BERHAD (505639-K)64
cont’d
OTHER REPORTING RESPONSIBILITIES
OTHER MATTERS
Crowe Horwath Lee Kok Wai
INDEPENDENTAUDITORS’ REPORTTo the members of MY E.G. Services Berhad
(Incorporated in Malaysia) Company No.: 505639-K
CONT’D
Annual Report 2017 65
The Group The Company
2017 2016 2017 2016
Note RM’000 RM’000 RM’000 RM’000
ASSETS
STATEMENTS OF FINANCIAL POSITION
As at 30 June 2017
MY E.G. SERVICES BERHAD (505639-K)66
The Group The Company
2017 2016 2017 2016
Note RM’000 RM’000 RM’000 RM’000
EQUITY AND LIABILITIES
EQUITY
Treasury shares
STATEMENTS OF FINANCIAL POSITIONAs at 30 June 2017
CONT’D
Annual Report 2017 67
The Group The Company
2017 2016 2017 2016
Note RM’000 RM’000 RM’000 RM’000
PROFIT AFTER TAXATION ATTRIBUTABLE TO:-
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO:-
EARNINGS PER SHARE (SEN)
STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
For the financial year ended 30 June 2017
MY E.G. SERVICES BERHAD (505639-K)68
Shar
e Ca
pita
lTr
easu
ry
Shar
esFa
ir V
alue
Re
serv
eO
ther
Re
serv
eRe
tain
ed
to O
wne
rs o
f th
e Co
mpa
ny
Non
-co
ntro
lling
In
tere
sts
Tota
l Eq
uity
Not
eRM
’000
RM’0
00RM
’000
RM’0
00RM
’000
RM’0
00RM
’000
RM’0
00
The
Gro
up
STATEMENTS OFCHANGES IN EQUITYFor the financial year ended 30 June 2017
Annual Report 2017 69
Shar
eCa
pita
lTr
easu
ry
Shar
esFa
ir V
alue
Rese
rve
Oth
erRe
serv
eRe
tain
edto
Ow
ners
of
the
Com
pany
Non
-co
ntro
lling
Inte
rest
sTo
tal
Equi
ty
Not
eRM
’000
RM’0
00RM
’000
RM’0
00RM
’000
RM’0
00RM
’000
RM’0
00
The
Gro
up
STATEMENTS OFCHANGES IN EQUITY
For the financial year ended 30 June 2017
CONT’D
MY E.G. SERVICES BERHAD (505639-K)70
ShareCapital
TreasuryShares
OtherReserve
Retained TotalEquity
Note RM’000 RM’000 RM’000 RM’000 RM’000
The Company
STATEMENTS OF CHANGES IN EQUITYFor the financial year ended 30 June 2017
CONT’D
Annual Report 2017 71
The Group The Company
2017 2016 2017 2016
Note RM’000 RM’000 RM’000 RM’000
#
Interest income
STATEMENTS OF CASH FLOWS
For the financial year ended 30 June 2017
MY E.G. SERVICES BERHAD (505639-K)72
The Group The Company
2017 2016 2017 2016
Note RM’000 RM’000 RM’000 RM’000
Interest paid
#
subsidiaries and
#
STATEMENTS OF CASH FLOWSFor the financial year ended 30 June 2017
CONT’D
Annual Report 2017 73
The Group The Company
2017 2016 2017 2016
Note RM’000 RM’000 RM’000 RM’000
#
STATEMENTS OFCASH FLOWS
For the financial year ended 30 June 2017
CONT’D
MY E.G. SERVICES BERHAD (505639-K)74
1. GENERAL INFORMATION
2. PRINCIPAL ACTIVITIES
3. BASIS OF PREPARATION
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
Annual Report 2017 75
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
3. BASIS OF PREPARATION cont’d
Adopters
MY E.G. SERVICES BERHAD (505639-K)76
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
3. BASIS OF PREPARATION cont’d
cont’d
4. SIGNIFICANT ACCOUNTING POLICIES
4.1 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
Annual Report 2017 77
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
4. SIGNIFICANT ACCOUNTING POLICIES cont’d
4.1 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS cont’d
cont’d
(c) Impairment of Trade and Other Receivables
(d) Impairment of Goodwill
4.2 BASIS OF CONSOLIDATION
MY E.G. SERVICES BERHAD (505639-K)78
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
4. SIGNIFICANT ACCOUNTING POLICIES cont’d
4.2 BASIS OF CONSOLIDATION cont’d
the costs to issue debt
(b) Non-controlling Interests
(c) Changes in Ownership Interests in Subsidiaries without Change of Control
(d) Loss of Control
Annual Report 2017 79
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
4. SIGNIFICANT ACCOUNTING POLICIES cont’d
4.3 GOODWILL
4.4 FUNCTIONAL AND FOREIGN CURRENCIES
4.5 FINANCIAL INSTRUMENTS
MY E.G. SERVICES BERHAD (505639-K)80
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
4. SIGNIFICANT ACCOUNTING POLICIES cont’d
4.5 FINANCIAL INSTRUMENTS cont’d
(a) Financial Assets
Annual Report 2017 81
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
4. SIGNIFICANT ACCOUNTING POLICIES cont’d
4.5 FINANCIAL INSTRUMENTS cont’d
(a) Financial Assets cont’d
MY E.G. SERVICES BERHAD (505639-K)82
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
4. SIGNIFICANT ACCOUNTING POLICIES cont’d
4.5 FINANCIAL INSTRUMENTS cont’d
cont’d
(c) Equity Instruments
Annual Report 2017 83
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
4. SIGNIFICANT ACCOUNTING POLICIES cont’d
4.5 FINANCIAL INSTRUMENTS cont’d
cont’d
(e) Financial Guarantee Contracts
4.6 INVESTMENTS IN SUBSIDIARIES
4.7 INVESTMENTS IN ASSOCIATES
MY E.G. SERVICES BERHAD (505639-K)84
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
4. SIGNIFICANT ACCOUNTING POLICIES cont’d
4.7 INVESTMENTS IN ASSOCIATES cont’d
4.8 PROPERTY AND EQUIPMENT
Annual Report 2017 85
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
4. SIGNIFICANT ACCOUNTING POLICIES cont’d
4.8 PROPERTY AND EQUIPMENT cont’d
4.9 INVESTMENT PROPERTIES
4.10 DEVELOPMENT EXPENDITURE
MY E.G. SERVICES BERHAD (505639-K)86
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
4. SIGNIFICANT ACCOUNTING POLICIES cont’d
4.10 DEVELOPMENT EXPENDITURE cont’d
4.11 IMPAIRMENT
(a) Impairment of Financial Assets
Annual Report 2017 87
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
4. SIGNIFICANT ACCOUNTING POLICIES cont’d
4.11 IMPAIRMENT cont’d
(b) Impairment of Non-Financial Assets
4.12 LEASED ASSETS
(a) Finance Assets
MY E.G. SERVICES BERHAD (505639-K)88
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
4. SIGNIFICANT ACCOUNTING POLICIES cont’d
4.12 LEASED ASSETS cont’d
cont’d
4.13 INVENTORIES
4.14 PROVISIONS
4.15 INCOME TAXES
(a) Current Tax
(b) Deferred Tax
Annual Report 2017 89
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
4. SIGNIFICANT ACCOUNTING POLICIES cont’d
4.15 INCOME TAXES cont’d
(b) Deferred Tax cont’d
(c) Goods and Services Tax (“GST”)
4.16 CASH AND CASH EQUIVALENTS
4.17 EMPLOYEE BENEFITS
MY E.G. SERVICES BERHAD (505639-K)90
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
4. SIGNIFICANT ACCOUNTING POLICIES cont’d
4.18 RELATED PARTIES
4.19 BORROWING COSTS
4.20 CONTINGENT LIABILITIES
Annual Report 2017 91
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
4. SIGNIFICANT ACCOUNTING POLICIES cont’d
4.20 CONTINGENT LIABILITIES cont’d
4.21 FAIR VALUE MEASUREMENTS
4.22 REVENUE AND OTHER INCOME
(a) Sale of Goods
(b) Services
(c) Interest Income
(d) Dividend Income
MY E.G. SERVICES BERHAD (505639-K)92
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
4. SIGNIFICANT ACCOUNTING POLICIES cont’d
4.22 REVENUE AND OTHER INCOME cont’d
(e) Rental Income
4.23 DEFERRED REVENUE
4.24 OPERATING SEGMENTS
4.25 EARNINGS PER ORDINARY SHARE
5. INVESTMENTS IN SUBSIDIARIES
The Company
2017 2016
RM’000 RM’000
Annual Report 2017 93
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
5. INVESTMENTS IN SUBSIDIARIES cont’d
Name of SubsidiaryPrincipal Place
of Business
Percentage of Issued Share Capital Held
by Parent
2017 2016
% %
Subsidiaries of MYEGC
MY E.G. SERVICES BERHAD (505639-K)94
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
5. INVESTMENTS IN SUBSIDIARIES cont’d
cont’d
Name of SubsidiaryPrincipal Place
of Business
Percentage of Issued Share Capital Held
by Parent
2017 2016
% %
Subsidiaries of MYEGC cont’d
Subsidiaries of CardBiz
Subsidiaries of EGSB
Subsidiary of Hurr Tv
Annual Report 2017 95
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
5. INVESTMENTS IN SUBSIDIARIES cont’d
cont’d
Name of SubsidiaryPrincipal Place
of Business
Percentage of Issued Share Capital Held
by Parent2017 2016
% %
Subsidiary of MLSB
6. INVESTMENT IN AN ASSOCIATE
The Group The Company
2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
MY E.G. SERVICES BERHAD (505639-K)96
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
6. INVESTMENT IN AN ASSOCIATE cont’d
Name of AssociatePrincipal Place
of Business
Percentage of Issued Share Capital Held
by Parent
2017 2016
% %
MINT
2017 2016
RM’000 RM’000
Annual Report 2017 97
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
7. PROPERTY AND EQUIPMENT
At1.7.2016
Transfer to investment
(Note 8) Disposals ChargesAt
30.6.2017
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
The Group
At1.7.2015
A Subsidiary (Note 36.1(a)) Disposal Charges
At30.6.2016
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
The Group
MY E.G. SERVICES BERHAD (505639-K)98
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
7. PROPERTY AND EQUIPMENT cont’d
AtCost
Accumulated Net BookValue
RM’000 RM’000 RM’000
The Group
2017
2016
Annual Report 2017 99
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
7. PROPERTY AND EQUIPMENT cont’d
At1.7.2016
Transfer to investment
(Note 8) Disposal ChargesAt
30.6.2017
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
The Company
At1.7.2015 Disposal Charges
At30.6.2016
RM’000 RM’000 RM’000 RM’000 RM’000
The Company
#
MY E.G. SERVICES BERHAD (505639-K)100
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
7. PROPERTY AND EQUIPMENT cont’d
AtCost
Accumulated Net BookValue
RM’000 RM’000 RM’000
The Company
2017
2016
The Group
2017 2016
RM’000 RM’000
Annual Report 2017 101
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
7. PROPERTY AND EQUIPMENT cont’d
The Group The Company
2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
8. INVESTMENT PROPERTIES
The Group The Company
2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
MY E.G. SERVICES BERHAD (505639-K)102
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
9. OTHER INVESTMENTS
The Group
2017 2016
RM’000 RM’000
Unobservable InputsUnobservable Inputs to Fair Value
(Assume All Other Variables Held Constant)
uncertainty in the
Annual Report 2017 103
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
9. OTHER INVESTMENTS cont’d
Unobservable InputsUnobservable Inputs to Fair Value
(Assume All Other Variables Held Constant)
uncertainty in the
MY E.G. SERVICES BERHAD (505639-K)104
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
10. DEVELOPMENT COSTS
The Group The Company
2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
11. GOODWILL ON CONSOLIDATION
The Group
2017 2016
RM’000 RM’000
The Group
2017 2016
RM’000 RM’000
Annual Report 2017 105
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
11. GOODWILL ON CONSOLIDATION cont’d
Gross Margin Growth Rate Discount Rate
2017 2016 2017 2016 2017 2016
12. DEFERRED TAX ASSET
MY E.G. SERVICES BERHAD (505639-K)106
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
13. HIRE PURCHASE AND FINANCE LEASE RECEIVABLES
The Group
2017 2016
RM’000 RM’000
14. INVENTORIES
The Group
2017 2016
RM’000 RM’000
Annual Report 2017 107
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
15. TRADE RECEIVABLES
The Group The Company
2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
Accrued income
16. OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS
The Group The Company
2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
Deposits
Prepayments
MY E.G. SERVICES BERHAD (505639-K)108
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
16. OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS cont’d
The Group The Company
2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
17. AMOUNT OWING BY SUBSIDIARIES
18. AMOUNT OWING BY AN ASSOCIATE
The Group The Company
2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
Annual Report 2017 109
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
18. AMOUNT OWING BY AN ASSOCIATE cont’d
19. FIXED DEPOSITS WITH LICENSED BANKS
20. CASH AND BANK BALANCES
The Group The Company
2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
MY E.G. SERVICES BERHAD (505639-K)110
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
21. SHARE CAPITAL
The Company
2017 2016
NumberOf Shares
ShareCapital
NumberOf Shares
ShareCapital
’000 RM’000 ’000 RM’000
Authorised
Issued and Fully Paid-Up
Bonus issue
disclosed in item (iii) below.
Annual Report 2017 111
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
22. TREASURY SHARES
The Company
2017 2016
NumberOf Shares
TreasuryShare
NumberOf Shares
TreasuryShares
‘’000 RM’000 ‘’000 RM’000
23. RESERVES
24. LONG-TERM BORROWINGS
The Group The Company
2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
MY E.G. SERVICES BERHAD (505639-K)112
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
25. HIRE PURCHASE AND FINANCE LEASE PAYABLES (SECURED)
The Group2017 2016
RM’000 RM’000
26. TERM LOANS (SECURED)
The Group The Company2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
Annual Report 2017 113
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
26. TERM LOANS (SECURED) cont’d
Number of MonthlyInstalments Monthly Instalment
Date of Commencementof Repayment
RM’000
27. DEFERRED TAX LIABILITIES
The Group The Company2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
The Group The Company2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
MY E.G. SERVICES BERHAD (505639-K)114
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
27. DEFERRED TAX LIABILITIES cont’d
The Group2017 2016
RM’000 RM’000
Others
28. TRADE PAYABLES
29. OTHER PAYABLES AND ACCRUALS
The Group The Company2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
Deposits
30. DEFERRED REVENUE
Annual Report 2017 115
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
31. SHORT-TERM BORROWINGS
The Group The Company2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
32. REVENUE
The Group The Company2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
33. PROFIT BEFORE TAXATION
The Group The Company2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
MY E.G. SERVICES BERHAD (505639-K)116
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
33. PROFIT BEFORE TAXATION cont’d
The Group The Company2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
cont’d
#
Annual Report 2017 117
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
34. INCOME TAX EXPENSE
The Group The Company2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
The Group The Company2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
MY E.G. SERVICES BERHAD (505639-K)118
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
34. INCOME TAX EXPENSE cont’d
The Group The Company2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
35. EARNINGS PER SHARE
The Group2017 2016
Annual Report 2017 119
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
36. ACQUISITION OF SUBSIDIARIES AND NON-CONTROLLING INTERESTS
36.1 ACQUISITION OF SUBSIDIARIES
The Group
2016
RM’000
MY E.G. SERVICES BERHAD (505639-K)120
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
36. ACQUISITION OF SUBSIDIARIES AND NON-CONTROLLING INTERESTS cont’d
36.1 ACQUISITION OF SUBSIDIARIES cont’d
The Group2017
RM’000
The Group2017
RM’000
Annual Report 2017 121
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
36. ACQUISITION OF SUBSIDIARIES AND NON-CONTROLLING INTERESTS cont’d
36.2 ACQUISITION OF NON-CONTROLLING INTERESTS
The Group
2016
RM’000
37. DISPOSAL OF SUBSIDIARIES
37.1 DISPOSAL OF A SUBSIDIARY THAT DO NOT RESULT IN A LOSS OF CONTROL
The Group
2016
RM’000
MY E.G. SERVICES BERHAD (505639-K)122
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
38. DIVIDENDS
The Company
2017 2016
RM’000 RM’000
39. PURCHASE OF PROPERTY AND EQUIPMENT
The Group The Company2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
Annual Report 2017 123
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
40. CASH AND CASH EQUIVALENTS
The Group The Company2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
41. KEY MANAGEMENT PERSONNEL COMPENSATION
The Group The Company2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
Directors
MY E.G. SERVICES BERHAD (505639-K)124
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
41. KEY MANAGEMENT PERSONNEL COMPENSATION cont’d
cont’d
The Group The Company2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
Directors cont’d
Other Key Management Personnel
The Company
2017 2016
Number of Directors
Annual Report 2017 125
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
42. RELATED PARTY DISCLOSURES
The Group The Company2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
Sales to:
Dividend income from subsidiaries
Management fees charged by a subsidiary:
Rental from subsidiaries
Professional fees charged by a related party:
MY E.G. SERVICES BERHAD (505639-K)126
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
43. OPERATING SEGMENTS
Major customers
44. COMMITMENTS
(a) Capital Commitments
The Group The Company2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
The Group The Company2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
years
Annual Report 2017 127
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
45. CONTINGENT LIABILITIES
The Company
2017 2016
RM’000 RM’000
Unsecured
46. FINANCIAL INSTRUMENTS
46.1 FINANCIAL RISK MANAGEMENT POLICIES
(a) Market Risk
MY E.G. SERVICES BERHAD (505639-K)128
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
46. FINANCIAL INSTRUMENTS cont’d
46.1 FINANCIAL RISK MANAGEMENT POLICIES cont’d
(a) Market Risk cont’d
cont’d
United States Dollar
Singapore Dollar
Ringgit Malaysia Total
RM’000 RM’000 RM’000 RM’000
The Group
2017
Annual Report 2017 129
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
46. FINANCIAL INSTRUMENTS cont’d
46.1 FINANCIAL RISK MANAGEMENT POLICIES cont’d
(a) Market Risk cont’d
cont’d
cont’d
United States Dollar
Ringgit Malaysia Total
RM’000 RM’000 RM’000
The Group
2016
MY E.G. SERVICES BERHAD (505639-K)130
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
46. FINANCIAL INSTRUMENTS cont’d
46.1 FINANCIAL RISK MANAGEMENT POLICIES cont’d
(a) Market Risk cont’d
cont’d
Singapore Dollar
Ringgit Malaysia Total
RM’000 RM’000 RM’000
The Company
2017
Annual Report 2017 131
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
46. FINANCIAL INSTRUMENTS cont’d
46.1 FINANCIAL RISK MANAGEMENT POLICIES cont’d
(a) Market Risk cont’d
(b) Credit Risk
MY E.G. SERVICES BERHAD (505639-K)132
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
46. FINANCIAL INSTRUMENTS cont’d
46.1 FINANCIAL RISK MANAGEMENT POLICIES cont’d
(b) Credit Risk cont’d
GrossAmount
IndividualImpairment Impairment
CarryingValue
The Group RM’000 RM’000 RM’000 RM’000
2017
2016
Annual Report 2017 133
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
46. FINANCIAL INSTRUMENTS cont’d
46.1 FINANCIAL RISK MANAGEMENT POLICIES cont’d
(b) Credit Risk cont’d
cont’d
(c) Liquidity Risk
Maturity analysis
ContractualInterest
RateCarrying Amount
ContractualUndiscounted
Cash FlowsWithin1 Year
1 - 5Years
Over5 Years
% RM’000 RM’000 RM’000 RM’000 RM’000
The Group
2017
MY E.G. SERVICES BERHAD (505639-K)134
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
46. FINANCIAL INSTRUMENTS cont’d
46.1 FINANCIAL RISK MANAGEMENT POLICIES cont’d
(c) Liquidity Risk cont’d
Maturity analysis cont’d
cont’d
ContractualInterest
RateCarrying Amount
ContractualUndiscounted
Cash FlowsWithin1 Year
1 - 5Years
Over5 Years
% RM’000 RM’000 RM’000 RM’000 RM’000
The Group cont’d
2016
The Company
2017
2016
Annual Report 2017 135
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
46. FINANCIAL INSTRUMENTS cont’d
46.2 CAPITAL RISK MANAGEMENT
The Group
2017 2016
RM’000 RM’000
MY E.G. SERVICES BERHAD (505639-K)136
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
46. FINANCIAL INSTRUMENTS cont’d
46.3 CLASSIFICATION OF FINANCIAL INSTRUMENTS
The Group The Company
2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
Financial Assets
Asset
Annual Report 2017 137
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
46. FINANCIAL INSTRUMENTS cont’d
46.4 FAIR VALUE INFORMATION
Fair Value Of Financial Instruments Carried
At Fair Value
Fair Value Of Financial Instruments Not Carried
At Fair ValueTotal
Fair Value
Carrying AmountLevel 1 Level 2 Level 3 Level 1 Level 2 Level 3
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
The Group
2017
The Group
2016
MY E.G. SERVICES BERHAD (505639-K)138
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
46. FINANCIAL INSTRUMENTS cont’d
46.4 FAIR VALUE INFORMATION cont’d
Fair Value Of Financial Instruments Carried
At Fair Value
Fair Value Of Financial Instruments Not Carried
At Fair ValueTotal
Fair Value
Carrying AmountLevel 1 Level 2 Level 3 Level 1 Level 2 Level 3
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
The Company
2017
2016
Financial Liability
(a) Fair Value of Financial Instruments Carried at Fair Value
(b) Fair Value of Financial Instruments not Carried at Fair Value
The Group The Company
2017 2016 2017 2016
% % % %
Annual Report 2017 139
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
47. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR
MY E.G. SERVICES BERHAD (505639-K)140
NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017
CONT’D
47. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR cont’d
48. SIGNIFICANT EVENTS OCCURRING AFTER THE REPORTING PERIOD
Annual Report 2017 141
NOTES TO THEFINANCIAL STATEMENTS
For the financial year ended 30 June 2017
CONT’D
49. SUPPLEMENTARY INFORMATION – DISCLOSURE OF REALISED AND UNREALISED PROFITS/(LOSSES)
The Group The Company
2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
MY E.G. SERVICES BERHAD (505639-K)142
The Company owns the following property as at 30 June 2017:
MYEG Tower,No 8, Jalan Damansara,Empire City, PJU 8,47820 Petaling Jaya, Selangor.
22 Storeys of
Part of a 45 Storey
Tower at Empire City @ Damansara,
Petaling Jaya, Selangor
1,012,939/ 238,932 expiring on
8th June 2104
2 years 150,538,735 2015
MYEG Tower,No 8, Jalan Damansara,Empire City, PJU 8,47820 Petaling Jaya, Selangor.
7 Storeys of
Part of a 45 Storey
Tower at Empire City @ Damansara,
Petaling Jaya, Selangor
1,012,939/ 79,284 expiring on
8th June 2104
2 years 45,504,917 2016
List of PropertiesAs at 30 June 2017
Annual Report 2017 143
ANALYSIS OF SHAREHOLDINGSAs at 29 September 2017
DISTRIBUTION OF SHAREHOLDINGS
Size of ShareholdingsNo. of
Shareholders % No. of Shares %
SUBSTANTIAL SHAREHOLDERS’ SHAREHOLDINGS
No. of Shares Held
Direct Interest % Indirect Interest %
Notes:
MY E.G. SERVICES BERHAD (505639-K)144
ANALYSIS OF SHAREHOLDINGSAs at 29 September 2017CONT’D
DIRECTORS’ SHAREHOLDINGS
Name of Directors
No. of Shares Held
Direct Interest % Indirect Interest %
Notes:
TOP THIRTY (30) SHAREHOLDERS
No. Names No. of Shares %
Annual Report 2017 145
TOP THIRTY (30) SHAREHOLDERS cont’d
No. Names No. of Shares %
Amanahraya Trustees Berhad
Amanahraya Trustees Berhad
ANALYSIS OF SHAREHOLDINGSAs at 29 September 2017
CONT’D
MY E.G. SERVICES BERHAD (505639-K)146
NOTICE OF THE SEVENTEENTH ANNUAL GENERAL MEETING
AGENDA
AS ORDINARY BUSINESS
Please refer to Note A
AS SPECIAL BUSINESS
APPROVAL FOR DATUK MOHD JIMMY WONG BIN ABDULLAH TO CONTINUE IN OFFICE AS INDEPENDENT NON-EXECUTIVE DIRECTOR
Annual Report 2017 147
NOTICE OF THE SEVENTEENTH ANNUAL GENERAL MEETING
CONT’D
AUTHORITY TO ALLOT AND ISSUE SHARES BY DIRECTORS PURSUANT TO SECTION 76 OF THE COMPANIES ACT 2016
PROPOSED RENEWAL OF AUTHORITY FOR PURCHASE OF OWN SHARES BY THE COMPANY
MY E.G. SERVICES BERHAD (505639-K)148
TAI YIT CHANTAN AI NING
NOTICE OF THE SEVENTEENTH ANNUAL GENERAL MEETINGCONT’D
Annual Report 2017 149
EXPLANATORY NOTES:
(A) Audited Financial Statements
NOTICE OF THE SEVENTEENTH ANNUAL GENERAL MEETING
CONT’D
MY E.G. SERVICES BERHAD (505639-K)150
his/her behalf.
Personal data privacy:
Purposes
NOTICE OF THE SEVENTEENTH ANNUAL GENERAL MEETINGCONT’D
MY E.G. SERVICES BERHAD
NO. RESOLUTION FOR AGAINST
Ordinary Business
Special Business
Dated this
PROXY FORM
MY E.G. SERVICES BERHAD
CDS ACCOUNT NO. OFAUTHORISED NOMINEE
NUMBER OF SHARES HELD
Personal Data Privacy:
st
MY E.G. SERVICES BERHAD
Corporate Head Office:Level 43A, MYEG Tower,
No. 8, Jalan Damansara,
Empire City, PJU 8,
47820 Petaling Jaya, Selangor.
Tel: 03-7664 8000 Fax: 03-7664 8008
Email: investors@myeg.com.my
Customer Service Centre:Level 21 (CN), IBM Tower,
Persiaran Bandar Utama,
Bandar Utama,
47800 Petaling Jaya, Selangor.
Tel: 03-7801 8888 Fax: 03-7801 8889
Email: help@myeg.com.my