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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


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

: [email protected] : 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


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


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


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


Management Discussion and Analysis

CORPORATE OVERVIEW

revenue.


Management Discussion and AnalysisCONT’D

ANALYSIS OF FINANCIAL RESULTS

FYE 2016.

Dividend



REVIEW OF OPERATIONS

Concession Based Services

Commercial Based Services (Concession and Non-Concession)

.

Overseas Expansion


KNOWN TRENDS AND EVENT

MANAGING RISKS

MOVING FORWARD



Sustainability Statement

EMBRACING SUSTAINABILITY IN MYEG

IDENTIFYING MATERIAL SUSTAINABILITY MATTERS

.

Key Stakeholder Group Engagement Methods

Cyber Security, Customer Satisfaction, Community Investment, Employees Intellectual Property


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




3. Community Investment

No. Date

1.

2. Top

June 2017.

June 2017

3.



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




4. Employees cont’d

5. Intellectual Property

MOVING FORWARD



Road Tax...

SPONSORSHIP OF EVENTS

YOUTH EXPO 2017

AID AND DONATIONS

HIGHLIGHTs of SIGNIFICANT EVENTS


MYEG BACK TO SCHOOL PROGRAMME

CHINESE NEW YEAR VISITATION TO SANCTUARY RETIRING HOME

KOMUNITI MYEG SUPPORTS WORLD CANCER DAY

HIGHLIGHTs of SIGNIFICANT EVENTSCONT’D


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



MYEG BLOOD DONATION CAMPAIGN 2017

AWARDS AND RECOGNITIONS

FORBES ASIA’S 200 BEST UNDER A BILLION 2017

THE EDGE BILLION RINGGIT CLUB AWARDS 2017



DATO’ DR NORRAESAHBINTI HAJI MOHAMAD

DATO’ DR NORRAESAH BINTI HAJI MOHAMAD

DIRECTORS’ PROFILE


WONG THEAN SOON

WONG THEAN SOON

DIRECTORS’ PROFILECONT’D


TAN SRI DATO’DR MUHAMMAD RAIS

BIN ABDUL KARIM

TAN SRI DATO’ DR MUHAMMAD RAIS BIN ABDUL KARIM



DATO’ RAJAHAJI MUNIR SHAH

BIN RAJA MUSTAPHA

AAAHHHAAA

DATO’ RAJA HAJI MUNIR SHAH BIN RAJA MUSTAPHA



NG FOOK AI, VICTOR

NG FOOK AI, VICTOR



DATUK MOHD JIMMY WONGBIN ABDULLAH

DATUK MOHD JIMMY WONG BIN ABDULLAH,



DATO’ SHAMSUL ANUARBIN HAJI NASARAH

DATO’ SHAMSUL ANUAR BIN HAJI NASARAH



KEY SENIOR Management’s PROFILE

JASON CHAN LING KHEE

CHONG CHIEN MING


KEY SENIOR Management’s PROFILECONT’D

DATUK NOR ADNAN BIN ZAINAL ABIDIN

MOHD RUSHDAN KHAIRUL ANUAR


KEY SENIOR Management’s PROFILECONT’D

NGEOW KIAN MOON2015.

HASYYATI BINTI SHUKRI


CORPORATE GOVERNANCE STATEMENT

ESTABLISH CLEAR ROLES AND RESPONSIBILITIES

).


CORPORATE GOVERNANCE STATEMENTCONT’D

ESTABLISH CLEAR ROLES AND RESPONSIBILITIES cont’d

cont’d

cont’d




cont’d

cont’d

BOARD OF DIRECTORS

Code of Conduct and Whistle-Blowing Policy




Sustainability

Company Secretaries


STRENGTHEN COMPOSITION

).



STRENGTHEN COMPOSITION cont’d

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



REINFORCE INDEPENDENCE cont’d

Tenure of Independent Directors

Chairman and Managing Director

FOSTER COMMITMENT

Time Commitment



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



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



UPHOLD INTEGRITY IN FINANCIAL REPORTING cont’d

Suitability and Independence of Internal and External Auditors cont’d

DIRECTORS RESPONSIBILITY STATEMENT

RECOGNISE AND MANAGE RISKS



ENSURE TIMELY AND HIGH QUALITY DISCLOSURE

Corporate Disclosure Policies and Procedures

STRENGTHEN RELATIONSHIP BETWEEN COMPANY AND SHAREHOLDERS

COMPLIANCE STATEMENT



MEMBERSHIP

ARMC MEETINGS

ARMC Members

Audit and risk management committee report


COMPOSITION AND TERMS OF REFERENCE

2. Chairman

3. Secretary

Audit and risk management committee reportCONT’D


COMPOSITION AND TERMS OF REFERENCE cont’d

cont’d

5. Rights




cont’d

cont’d




cont’d

cont’d

SUMMARY OF ACTIVITIES UNDERTAKEN BY THE ARMC



SUMMARY OF ACTIVITIES UNDERTAKEN BY THE ARMC cont’d

cont’d

TRAINING AND EDUCATION

INTERNAL AUDIT FUNCTION



INTRODUCTION

BOARD’S RESPONSIBILITY

.

RISK MANAGEMENT FRAMEWORK

INTERNAL AUDIT FUNCTION

STATEMENT ON RISK MANAGEMENTAND INTERNAL CONTROL


INTERNAL AUDIT FUNCTION cont’d

.

OTHER KEY ELEMENTS OF INTERNAL CONTROLS

ASSURANCE

CONCLUSION

REVIEW BY EXTERNAL AUDITORS

STATEMENT ON RISK MANAGEMENTAND INTERNAL CONTROLCONT’D


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


PRINCIPAL ACTIVITIES

RESULTS

The Group The Company

RM’000 RM’000

DIVIDENDS

RM’000

RESERVES AND PROVISIONS

DIRECTORS’ REPORT


ISSUES OF SHARES AND DEBENTURES

TREASURY SHARES

OPTIONS GRANTED OVER UNISSUED SHARES

BAD AND DOUBTFUL DEBTS

CURRENT ASSETS

DIRECTORS’ REPORT

CONT’D


VALUATION METHODS

CONTINGENT AND OTHER LIABILITIES

CHANGE OF CIRCUMSTANCES

ITEMS OF AN UNUSUAL NATURE

DIRECTORS

DIRECTORS’ REPORTCONT’D


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


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


AUDITORS

Wong Thean Soon

Dato’ Raja Haji Munir Shah Bin Raja Mustapha

DIRECTORS’ REPORT

CONT’D


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


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


cont’d

Impairment of Amount Owing by an Associate

INDEPENDENTAUDITORS’ REPORTTo the members of MY E.G. Services Berhad


CONT’D


INDEPENDENTAUDITORS’ REPORT

To the members of MY E.G. Services Berhad


CONT’D


cont’d

OTHER REPORTING RESPONSIBILITIES

OTHER MATTERS

Crowe Horwath Lee Kok Wai

INDEPENDENTAUDITORS’ REPORTTo the members of MY E.G. Services Berhad


CONT’D



2017 2016 2017 2016

Note RM’000 RM’000 RM’000 RM’000

ASSETS

STATEMENTS OF FINANCIAL POSITION

As at 30 June 2017



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



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


Shar

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Re

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Non

-co

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In

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Tota

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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


Shar

eCa

pita

lTr

easu

ry

Shar

esFa

ir V

alue

Rese

rve

Oth

erRe

serv

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tain

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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


CONT’D


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



2017 2016 2017 2016

Note RM’000 RM’000 RM’000 RM’000

#

Interest income

STATEMENTS OF CASH FLOWS




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



2017 2016 2017 2016

Note RM’000 RM’000 RM’000 RM’000

#

STATEMENTS OFCASH FLOWS


CONT’D


1. GENERAL INFORMATION

2. PRINCIPAL ACTIVITIES

3. BASIS OF PREPARATION

NOTES TO THEFINANCIAL STATEMENTSFor the financial year ended 30 June 2017


NOTES TO THEFINANCIAL STATEMENTS


CONT’D

3. BASIS OF PREPARATION cont’d

Adopters



CONT’D

3. BASIS OF PREPARATION cont’d

cont’d

4. SIGNIFICANT ACCOUNTING POLICIES

4.1 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS




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



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




CONT’D


4.3 GOODWILL

4.4 FUNCTIONAL AND FOREIGN CURRENCIES

4.5 FINANCIAL INSTRUMENTS



CONT’D


4.5 FINANCIAL INSTRUMENTS cont’d

(a) Financial Assets




CONT’D



(a) Financial Assets cont’d



CONT’D



cont’d

(c) Equity Instruments




CONT’D



cont’d

(e) Financial Guarantee Contracts

4.6 INVESTMENTS IN SUBSIDIARIES

4.7 INVESTMENTS IN ASSOCIATES



CONT’D


4.7 INVESTMENTS IN ASSOCIATES cont’d

4.8 PROPERTY AND EQUIPMENT




CONT’D


4.8 PROPERTY AND EQUIPMENT cont’d

4.9 INVESTMENT PROPERTIES

4.10 DEVELOPMENT EXPENDITURE



CONT’D


4.10 DEVELOPMENT EXPENDITURE cont’d

4.11 IMPAIRMENT

(a) Impairment of Financial Assets




CONT’D


4.11 IMPAIRMENT cont’d

(b) Impairment of Non-Financial Assets

4.12 LEASED ASSETS

(a) Finance Assets



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




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



CONT’D


4.18 RELATED PARTIES

4.19 BORROWING COSTS

4.20 CONTINGENT LIABILITIES




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



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




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



CONT’D


cont’d


of Business


by Parent

2017 2016

% %

Subsidiaries of MYEGC cont’d

Subsidiaries of CardBiz

Subsidiaries of EGSB

Subsidiary of Hurr Tv




CONT’D


cont’d


of Business


by Parent2017 2016

% %

Subsidiary of MLSB

6. INVESTMENT IN AN ASSOCIATE


2017 2016 2017 2016

RM’000 RM’000 RM’000 RM’000



CONT’D

6. INVESTMENT IN AN ASSOCIATE cont’d

Name of AssociatePrincipal Place

of Business


by Parent

2017 2016

% %

MINT

2017 2016

RM’000 RM’000




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



CONT’D

7. PROPERTY AND EQUIPMENT cont’d

AtCost

Accumulated Net BookValue

RM’000 RM’000 RM’000

The Group

2017

2016




CONT’D


At1.7.2016

Transfer to investment

(Note 8) Disposal ChargesAt

30.6.2017


The Company

At1.7.2015 Disposal Charges

At30.6.2016

RM’000 RM’000 RM’000 RM’000 RM’000

The Company

#



CONT’D


AtCost

Accumulated Net BookValue

RM’000 RM’000 RM’000

The Company

2017

2016

The Group

2017 2016

RM’000 RM’000




CONT’D



2017 2016 2017 2016

RM’000 RM’000 RM’000 RM’000

8. INVESTMENT PROPERTIES


2017 2016 2017 2016

RM’000 RM’000 RM’000 RM’000



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




CONT’D

9. OTHER INVESTMENTS cont’d

Unobservable InputsUnobservable Inputs to Fair Value

(Assume All Other Variables Held Constant)

uncertainty in the



CONT’D

10. DEVELOPMENT COSTS


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




CONT’D

11. GOODWILL ON CONSOLIDATION cont’d

Gross Margin Growth Rate Discount Rate

2017 2016 2017 2016 2017 2016

12. DEFERRED TAX ASSET



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




CONT’D

15. TRADE RECEIVABLES


2017 2016 2017 2016

RM’000 RM’000 RM’000 RM’000

Accrued income

16. OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS


2017 2016 2017 2016

RM’000 RM’000 RM’000 RM’000

Deposits

Prepayments



CONT’D

16. OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS cont’d


2017 2016 2017 2016

RM’000 RM’000 RM’000 RM’000

17. AMOUNT OWING BY SUBSIDIARIES

18. AMOUNT OWING BY AN ASSOCIATE


2017 2016 2017 2016

RM’000 RM’000 RM’000 RM’000




CONT’D

18. AMOUNT OWING BY AN ASSOCIATE cont’d

19. FIXED DEPOSITS WITH LICENSED BANKS

20. CASH AND BANK BALANCES


2017 2016 2017 2016

RM’000 RM’000 RM’000 RM’000



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.




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


2017 2016 2017 2016

RM’000 RM’000 RM’000 RM’000



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




CONT’D

26. TERM LOANS (SECURED) cont’d

Number of MonthlyInstalments Monthly Instalment

Date of Commencementof Repayment

RM’000

27. DEFERRED TAX LIABILITIES


RM’000 RM’000 RM’000 RM’000


RM’000 RM’000 RM’000 RM’000



CONT’D

27. DEFERRED TAX LIABILITIES cont’d

The Group2017 2016

RM’000 RM’000

Others

28. TRADE PAYABLES

29. OTHER PAYABLES AND ACCRUALS


RM’000 RM’000 RM’000 RM’000

Deposits

30. DEFERRED REVENUE




CONT’D

31. SHORT-TERM BORROWINGS


RM’000 RM’000 RM’000 RM’000

32. REVENUE


RM’000 RM’000 RM’000 RM’000

33. PROFIT BEFORE TAXATION


RM’000 RM’000 RM’000 RM’000



CONT’D

33. PROFIT BEFORE TAXATION cont’d


RM’000 RM’000 RM’000 RM’000

cont’d

#




CONT’D

34. INCOME TAX EXPENSE


RM’000 RM’000 RM’000 RM’000


RM’000 RM’000 RM’000 RM’000



CONT’D

34. INCOME TAX EXPENSE cont’d


RM’000 RM’000 RM’000 RM’000

35. EARNINGS PER SHARE

The Group2017 2016




CONT’D

36. ACQUISITION OF SUBSIDIARIES AND NON-CONTROLLING INTERESTS

36.1 ACQUISITION OF SUBSIDIARIES

The Group

2016

RM’000



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




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



CONT’D

38. DIVIDENDS

The Company

2017 2016

RM’000 RM’000

39. PURCHASE OF PROPERTY AND EQUIPMENT


RM’000 RM’000 RM’000 RM’000




CONT’D

40. CASH AND CASH EQUIVALENTS


RM’000 RM’000 RM’000 RM’000

41. KEY MANAGEMENT PERSONNEL COMPENSATION


RM’000 RM’000 RM’000 RM’000

Directors



CONT’D

41. KEY MANAGEMENT PERSONNEL COMPENSATION cont’d

cont’d


RM’000 RM’000 RM’000 RM’000

Directors cont’d

Other Key Management Personnel

The Company

2017 2016

Number of Directors




CONT’D

42. RELATED PARTY DISCLOSURES


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:



CONT’D

43. OPERATING SEGMENTS

Major customers

44. COMMITMENTS

(a) Capital Commitments


RM’000 RM’000 RM’000 RM’000


RM’000 RM’000 RM’000 RM’000

years




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



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




CONT’D




cont’d

cont’d

United States Dollar


RM’000 RM’000 RM’000

The Group

2016



CONT’D




cont’d

Singapore Dollar


RM’000 RM’000 RM’000

The Company

2017




CONT’D




(b) Credit Risk



CONT’D



(b) Credit Risk cont’d

GrossAmount

IndividualImpairment Impairment

CarryingValue

The Group RM’000 RM’000 RM’000 RM’000

2017

2016




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



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




CONT’D


46.2 CAPITAL RISK MANAGEMENT

The Group

2017 2016

RM’000 RM’000



CONT’D


46.3 CLASSIFICATION OF FINANCIAL INSTRUMENTS


2017 2016 2017 2016

RM’000 RM’000 RM’000 RM’000

Financial Assets

Asset




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


The Group

2017

The Group

2016



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


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


2017 2016 2017 2016

% % % %




CONT’D

47. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR



CONT’D

47. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR cont’d

48. SIGNIFICANT EVENTS OCCURRING AFTER THE REPORTING PERIOD




CONT’D

49. SUPPLEMENTARY INFORMATION – DISCLOSURE OF REALISED AND UNREALISED PROFITS/(LOSSES)


2017 2016 2017 2016

RM’000 RM’000 RM’000 RM’000


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


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:


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 %


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


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



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


TAI YIT CHANTAN AI NING

NOTICE OF THE SEVENTEENTH ANNUAL GENERAL MEETINGCONT’D


EXPLANATORY NOTES:

(A) Audited Financial Statements


CONT’D


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


CDS ACCOUNT NO. OFAUTHORISED NOMINEE

NUMBER OF SHARES HELD

Personal Data Privacy:

st


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: [email protected]

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: [email protected]

oh queue! no! I’M Renew - INSAGE

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