Laporan Tahunan PKNS 2018

PERBADANAN KEMAJUAN NEGERI SELANGOR
2018 Tahun Anugerah Dan Pengiktirafan

2018 merupakan tahun anugerah dan pengiktirafan buat PKNS. Lakaran
Bangunan Ibu Pejabat PKNS dipilih menjadi konsep muka depan Laporan Tahunan
PKNS 2018 adalah seiring dengan perpindahan warga kerja ke Ibu Pejabat yang
baharu di Sekyen 14, Shah Alam yang menjadi bangunan ikonik dan mercu tanda
yang kini mewarnai bandaraya Shah Alam, turut membawa satu simbol penting
yang melambangkan kemajuan serta kekukuhan PKNS sebagai peneraju industri
pembangunan negara khususnya di Selangor.
Bangunan ini juga turut mengangkat nama PKNS ke satu aras yang sangat
dibanggakan bila mana pelbagai anugerah dan pengiktirafan yang telah diterima
dari dalam dan luar negara sepanjang tahun 2018 antaranya Honor Award
Professional Category Landscape Design Award Malaysia, Best Township
Developer Award, National Energy Awards 2018, ASEAN Energy Awards 2018,
Malaysia Property Awards 2018 dan lain-lain lagi. Segala pengiktirafan yang
diterima ini menjadi peringatan buat PKNS untuk terus komited melaksanakan
tanggungjawab di atas landasan objektif yang sebenar bagi membangunkan
Negeri Selangor dari aspek pembangunan fizikal, ekonomi, kejuruteraan sosial
dan juga komuniti. Lantaran itu, konsep muka depan Laporan Tahunan 2018 ini
adalah simbolik bagi pengiktirafan kemajuan dan kejayaan telah dikecapi PKNS
sepanjang 54 tahun penubuhannya.
2018 The Year of Awards and Recognition

2018 is the year of awards and recognition for PKNS. The Sketch of the PKNS Headquarters Building is selected as
the front cover concept of PKNS Annual Report 2018, in line with the recent relocation of the employees to the new
Headquarters building in Section 14, Shah Alam, which becomes an icon and a landmark that now colours the city
of Shah Alam. It also symbolises the progress and strengths of PKNS as the pioneer in the national development
industry, especially in Selangor.
The building also elevates PKNS to a level that can be very proud of as various awards and recognition have
been received from within and outside of the country all throughout the year of 2018. These awards include
the Honor Award Professional Category Landscape Design Award Malaysia, Best Township Developer Award,
National Energy Awards 2018, ASEAN Energy Awards 2018, Malaysia Property Awards 2018 and more. All these
recognitions are a reminder to PKNS to continue being committed to the true objective of developing the State of
Selangor in terms of physical, economic, social engineering and community development. Therefore, the concept
of the front cover of the 2018 Annual Report is symbolic of recognising PKNS progress and successes that have
been achieved throughout its 54 years establishment.
ii
Laporan Tahunan 2018 Annual Report
Kandungan
Latar Belakang Maklumat Korporat
04 Penubuhan PKNS 12 Ahli Perbadanan
05 Aktiviti 16 Jawatankuasa Peringkat Perbadanan
06 Objektif 18 Ahli Pengurusan
07 Falsafah Korporat 20 Struktur Korporat Kumpulan
08 Visi Dan Misi 22 Carta Organisasi
09 Nilai Bersama 24 Pencapaian & Anugerah
Laporan Prestasi Tanggungjawab Sosial Korporat
28 Perutusan Pengerusi 54 Program Tanggungjawab Sosial Korporat
32 Laporan Pengurus Besar 58 Pembangunan Modal Insan
36 Sistem Skor Prestasi Anak Syarikat 60 Aktiviti Sukan Dan Persatuan
37 Pusat Pertumbuhan Baru 65 Diari Korporat
38 Pembangunan Hartanah
41 Kawasan Perindustrian Direktori
42 Pelaburan
72 Anak Syarikat
43 Kewangan
74 Syarikat Bersekutu
46 Pembangunan Usahawan
77 Penyata Kewangan
48 Inisiatif Program Integriti
1
2
Latar Belakang
3
4
5
Objektif
Objectives
• Menggalak, memaju dan membangunkan pusat pertumbuhan baru, kawasan

kediaman, zon perindustrian, perdagangan dan menjalankan aktiviti-aktiviti
seumpamanya serta aktiviti lain yang dibenarkan.
To encourage, develop and establish new growth center, residential areas, industrial
zones, trading and execute other such activities as well as permitted activities.
• Melaksana semua dasar kerajaan yang melibatkan pembasmian kemiskinan

dan penyusunan semula masyarakat.
Executing all government policies that involves in eradicating poverty and community
restructuring.
• Meneroka dan menyertai bidang-bidang pelaburan dan perdagangan untuk

mewujudkan penyertaan ekuiti dan pengurusan bumiputera yang berkesan
dalam perindustrian dan perdagangan.
To explore and participate in investment and trade sectors to encourage equity
participation and effective Bumiputera management in industry and trading.
• Menyedia landasan ke arah mewujudkan Masyarakat Perdagangan dan

Perindustrian Bumiputera (MPPB) selaras dengan Dasar Pembangunan
Nasional.
To provide the platform to create Bumiputera Commercial and Industrial Community
(BCIC) consistent with the National Development Policy (NDP).
• Menjalankan sebahagian atau keseluruhan tugas atau kuasa-kuasa tempatan

di kawasan-kawasan yang dibenarkan.
To execute part of or all of the task or power of the local authorities in permitted
areas.
6
Falsafah Korporat
Corporate Philosophy
PKNS sentiasa menggalak dan mengamalkan

nilai-nilai murni, tradisi keilmuan, penguasaan
teknologi seiring dengan usaha untuk terus
meningkatkan pegangan harta yang teguh,
berpandangan jauh serta menggalakkan
inovasi di samping terus menerajui dan
meneroka pembangunan yang mewujudkan
peluang-peluang untuk memenuhi keperluan
rakyat dan aspirasi Negara.
PKNS constantly encourages and upholds values together

with the effort to embrace knowledge and technology
as it aims to enlarge holdings of assets, while remaining
visionary and innovative for PKNS to continue to spearhead
developments that create fulfilling opportunities for the
people and the nation.
7
8
9
10
Maklumat Korporat
11
12
13
14
15
Jawatankuasa Peringkat
Perbadanan
Board Committee
A. JAWATANKUASA PERJAWATAN KUMPULAN

PENGURUSAN TERTINGGI SERTA KUMPULAN A & B
TOP MANAGEMENT GROUP COMMITTEE AND A&B GROUP C. JAWATANKUASA TENDER
TENDER COMMITTEE
• Y.B. Dato’ Mohd. Amin bin Ahmad Ahya
• Y.B. Dato’ Nik Suhaimi bin Nik Sulaiman • Y.B. Dato’ Mohd. Amin bin Ahmad Ahya
(Sehingga 2 Disember 2018 / Until 2 December 2018) • Y.B. Dato’ Nor Azmie bin Diron
• Y.B. Dato’ Masri bin Mohd. Daud • Y.Bhg. Datuk Ir. Ruslan bin Abdul Aziz
(Mulai 3 Disember 2018 / Starting 3 December 2018 ) • Y.Bhg. Datuk Seri Hashmuddin bin Mohammad
• Y.Bhg. Datuk Ahmad Badri bin Mohd. Zahir (Sehingga 28 Februari 2018 / Until 28 February 2018)
(Sehingga 31 Oktober 2018 / Until 31 October 2018) • Y.Bhg. Dato’ Othman bin Semail
• Y.Bhg. Dato’ Shahrol Anuwar bin Sarman (Mulai 1 November 2018 / Starting 1 November 2018)
(Mulai 1 November 2018 / Starting 1 November 2018) • Ketua Pegawai Eksekutif PKNS
• Ketua Pegawai Eksekutif PKNS PKNS Chief Executive Officer
PKNS Chief Executive Officer
D. JAWATANKUASA KEWANGAN DAN PELABURAN
B. LEMBAGA TATATERTIB KUMPULAN FINANCE AND INVESTMENT COMMITTEE
PENGURUSAN TERTINGGI SERTA KUMPULAN A & B
TOP GOVERNING GROUP COMMITTEE AND A&B GROUP • Y.B. Dato’ Nor Azmie bin Diron
• Y.Bhg. Dato’ Ahmad Suaidi bin Abdul Rahim
• Y.B. Dato’ Mohd. Amin bin Ahmad Ahya • Y.Bhg. Datuk Seri Hashmuddin bin Mohammad
• Y.B. Dato’ Nik Suhaimi bin Nik Sulaiman (Sehingga 28 Februari 2018 / Until 28 February 2018)
(Sehingga 2 Disember 2018 / Until 2 December 2018) • Y.Bhg. Dato’ Othman bin Semail
• Y.B. Dato’ Masri bin Mohd. Daud (Mulai 1 November 2018 / Starting 1 November 2018)
(Mulai 3 Disember 2018 / Starting 3 December 2018) • Y.Bhg. Datuk Ahmad Badri bin Mohd. Zahir
• Y.Bhg. Datuk Ahmad Badri bin Mohd. Zahir (Sehingga 31 Oktober 2018 / Until 31 October 2018)
(Sehingga 31 Oktober 2018 / Until 31 October 2018) • Y.Bhg. Dato’ Shahrol Anuwar bin Sarman
• Y.Bhg. Dato’ Shahrol Anuwar bin Sarman (Mulai 1 November 2018 / Starting 1 November 2018)
(Mulai 1 November 2018 / Starting 1 November 2018) • Ketua Pegawai Eksekutif PKNS
• Ketua Pegawai Eksekutif PKNS PKNS Chief Executive Officer
16
E. JAWATANKUASA KEUTUHAN TADBIR URUS G. JAWATANKUASA PENCALONAN DAN REMUNERASI

& INTEGRITI NOMINATION AND REMUNERATION COMMITTEE
SOUND GOVERNANCE AND INTEGRITY COMMITTEE
• Y.B. Dato’ Nor Azmie bin Diron
• Y.Bhg. Dato’ Mazalan bin Md. Noor • Y.Brs. Dr. Hajah Maziah binti Che Yusoff
(Sehingga 21 Mei 2018 / Until 21 May 2018) • Y.Bhg. Dato’ Mohd. Salleh bin Mahmud
• Tuan Haji Zamani Ahmad bin Mansor (Sehingga 12 Ogos 2018 / Until 12 August 2018)
(Mulai 5 Julai 2018 / Starting 5 July 2018) • Y.Bhg. Datuk Haji Anwari bin Suri
• Y.Brs. Dr. Hajah Maziah binti Che Yusoff (Mulai 12 Disember 2018 / Starting 12 December 2018)
• Y.Bhg. Dato’ Akhbar bin Satar • Ketua Pegawai Eksekutif PKNS
• Y.Bhg. Datuk Ir. Ruslan bin Abdul Aziz PKNS Chief Executive Officer
• Y.Bhg. Dato’ Hajah Sutinah binti Sutan
(Sehingga 10 Februari 2018 / Until 10 February 2018)
• Y.Bhg. Dato’ Shamsun Baharin bin Mohd Jamil
(Mulai 16 November 2018 / Starting 16 November 2018)
• Ketua Pegawai Eksekutif PKNS
F. JAWATANKUASA AUDIT
AUDIT COMMITTEE
• Y.Bhg. Dato’ Mohd. Salleh bin Mahmud

(Sehingga 12 Ogos 2018 / Until 12 August 2018)
• Y.Bhg. Datuk Haji Anwari bin Suri
(Mulai 12 Disember 2018 / Starting 12 December 2018)
• Y.Bhg. Datuk Zalekha binti Hassan
(Sehingga 14 Mac 2018 / Until 14 March 2018)
• Y.Bhg. Dato’ Ir. Haji Abd. Ghani bin Hashim
(Mulai 16 November 2018 / Starting 16 November 2018)
• Y.B. Dato’ Iskandar bin Abdul Samad
(Sehingga 8 Julai 2018 / Until 8 July 2018)
• Y.B. Puan Haniza binti Mohamed Talha
(Mulai 9 Julai 2018 / Starting 9 July 2018)
• Y.Bhg. Dato’ Mustafa bin Haji Saman
17
Ahli Pengurusan
Management Team
Y.Bhg. Datin Paduka Dr. Hajah Noraida Tuan Ir. Haji Mohamad Sharif
binti Haji Mohd. Yusof bin Mok Som
D.P.M.S., A.M.S., P.P.T., F.P.M.A. A.I.S., P.P.T.
Ketua Pegawai Eksekutif Ketua Pegawai Teknikal

Chief Executive Officer Chief Technical Officer
Sehingga : 23 November 2018

Until : 23 November 2018
Puan Hajah Norita binti Mohd. Sidek Puan Hajah Siti Zubaidah binti Haji Abd. Jabar
S.M.S., A.M.N., P.P.T. S.M.S., P.P.T.
Pemangku Ketua Pegawai Eksekutif Ketua Pegawai Korporat

Vice Chief Executive Officer Chief Corporate Officer
Mulai : 3 Disember 2018

Starting : 3 December 2018
18
Puan Hajah Nor Azlina Tuan Haji Lokman Tuan Ir. Haji Mohd. Muhidin
binti Amran bin Haji Abd. Kadir bin Faharuddin
A.I.S S.M.S., P.P.T. A.I.S., P.P.T.
Ketua Pegawai Kewangan Pengurus Besar Pengurus Besar

Chief Financial Officer Pembangunan Wilayah Selatan Pembangunan Wilayah Utara
General Manager General Manager
of Southern Region Development of Northern Region Development
Puan Hajah Roziah binti Haji Ahmad Encik Azmi bin Adnan
S.I.S., P.P.T. S.M.S., P.P.T.
Pengurus Besar Pengurus Besar

Perhubungan Korporat Pembangunan Wilayah Tengah
General Manager General Manager
of Corporate Relations of Central Region Development
19
Struktur Korporat Kumpulan

Group Corporate Structure
20
21
Carta Organisasi
Organisation Structure
22
23
Pencapaian & Anugerah

Achievements & Awards
2018 merupakan tahun di mana PKNS Anugerah-anugerah di peringkat kebangsaan Rangkaian anugerah ini juga diberikan kepada
menerima anugerah terbanyak dalam satu dan antarabangsa yang diterima oleh PKNS sebagai tanda PKNS menjadi satu
tahun. Ini merupakan satu pencapaian yang Bangunan Ibu Pejabat PKNS mengangkat satu jenama dan ikon di dalam industri
sangat membanggakan buat seluruh warga manifestasi produk PKNS yang berkualiti pembangunan yang dipercayai. Namun, ia
kerja PKNS. Kesemua 11 anugerah berprestij tinggi sekaligus meningkatkan imej PKNS dan bukan petanda untuk PKNS mendabik dada.
yang diterima membuktikan komitmen penuh keyakinan para pelanggan serta stakeholders Malah menjadi penggerak motivasi untuk kita
PKNS dalam menyampaikan hasil kerja yang terhadap perbadanan ini. Sinergi kerjasama melangkah lebih jauh dalam membawa visi
cemerlang kepada para pelanggan, yang padu dalam kalangan anggota dan ‘Membina Komuniti, Memperkasa Kehidupan,
pengurusan pentadbiran yang cekap dan kesungguhan untuk memberikan produktiviti Merealisasi Impian…’.
kebertanggungjawaban PKNS terhadap melangkaui ekspektasi menjadi resepi yang
kemakmuran negeri Selangor. membawa PKNS dijulang dengan pelbagai
pengiktirafan dan anugerah.
21 April 2018 / 21 April 2018 19 Oktober 2018 / 19 October 2018
Anjuran / Organised by
Anjuran / Organised by Kementerian Tenaga, Sains, Teknologi Alam
Institute of Landscape Architect Malaysia Sekitar dan Perubahan Iklim
(ILAM) Ministry of Energy, Science, Technology,
Environment and Climate Change
Anugerah / Award
Anugerah / Award
President Award Professional National Energy Awards 2018
Category Landscape Design Award Malaysia Energy Efficiency (Green Building)
(Bangunan IbuPejabat PKNS /
PKNS Headquarter Building)
21 April 2018 / 21 April 2018 19 Oktober 2018 / 19 October 2018
Anjuran/ Organised by Anjuran / Organised by

Institute of Landscape Architect Malaysia Kementerian Tenaga, Sains, Teknologi Alam
(ILAM) Sekitar dan Perubahan Iklim
Ministry of Energy, Science, Technology,
Anugerah / Award Environment and Climate Change
Honour Award Professional
Anugerah / Award
Category Landscape Design Award Malaysia National Energy Awards 2018
Energy Efficiency (Energy Efficient Design)
(Bangunan IbuPejabat PKNS /
1 Jun 2018 / 1 June 2018 29 Oktober 2018 / 29 October 2018
Anjuran / Organised by Anjuran / Organised by

Property Insight Prestigious Developer Asean Energy Awards 2018
Awards 2018
Anugerah / Award
Anugerah / Award Asean Energy Awards 2018,
Best Township Developer Awards, Green Large Building
Shah Alam (Bangunan IbuPejabat PKNS /
24
PKNS constantly encourages and upholds values that features Green Building Index (GBI) as well as On the other hand, all the other awards recognised
together with the effort to embrace knowledge and adopting energy-efficient and environmentally- PKNS as a trusted brand and an icon in the
technology as it aims to enlarge holdings of assets, friendly technology, succeeded elevating a high development industry. However, this is not meant to
while remaining visionary and innovative for PKNS quality PKNS product manifestation, while be boasted about, in fact it is to drive
to continue to spearhead developments that create enhancing PKNS’ image and customers and motivation to step further to uphold the vision of
fulfilling opportunities for the people and the nation. stakeholders’ confidence in this corporation. ‘Building Communities, Enriching Lives,
The strong synergy of the members and the Realising Dreams…’.
Five of the awards at both national and international determination to provide productivity beyond
level were received by the PKNS Headquarter expectation becomes the recipe that led PKNS being
Building, in which is the icon for Shah Alam City rewarded with various awards and recognitions.
30 Oktober 2018 / 30 October 2018 29 November 2018 / 29 November 2018
Anjuran/ Organised by Anjuran / Organised by

Jabatan Perancangan Bandar & Desa Negeri Selangor Malaysia Institute of Planners
Selangor Town and Country Planning Department
Anugerah / Award
Anugerah / Award Low Carbon City Award kategori sectoral
Pengiktirafan Pembangunan
(Bangunan IbuPejabat PKNS)
Komuniti Sejahtera (Sumbangan PKNS dalam
Low Carbon City Award in the category of
pembangunan rumah Selangorku di Negeri Selangor)
sectorial (PKNS Headquarter Office Building)
The Recognition for The Development of Prosperous
Community (Contribution of PKNS in the development of
Rumah Selangorku in the state of Selangor)
6 Disember 2018 / 6 December 2018

17 November 2018/ 17 November 2018
Anjuran / Organised by Malaysia International Business Awards
Malaysia Property Awards
Anugerah / Award
Anugerah/ Award Malaysia International Business Award
(Bangunan IbuPejabat PKNS) 2018 bagi anugerah kecemerlangan dalam
(PKNS Headquarter Building) industri mesyuarat, insentif konvensyen
dan pameran (MICE)
Malaysia International Business Award 2018
for the award of excellence in the industry of
Meetings, Incentives, Conventions and
Exhibitions (MICE)
26 November 2018 / 26 November 2018
Brand Laureate
Anugerah / Award
Brand Laureate Industry Brand Icon Award
Business & Community Leardership Category
25
26
Laporan Prestasi
Performance Report
27
Perutusan Pengerusi
Chairman’s Statement
Alhamdulillah, setinggi-tinggi puji PRESTASI BAJET DAN LAPORAN

dan syukur saya rafakkan ke hadrat KEWANGAN
Allah SWT atas sifat esa dan limpah
rahmatNya, Selangor terus dicurahi Kekuatan Selangor adalah kestabilan
dengan nikmat kemakmuran, dan kesatuan dalam pentadbiran, cekal
kesejahteraan dan keamanan. dan berpandangan jauh serta komitmen
yang tinggi untuk menjayakan dasar dan
2018 merupakan tahun yang sangat program yang mengutamakan rakyat.
bersejarah buat negara Malaysia bila Kecekapan pentadbiran Kerajaan
mana tampuk kepimpinan Kerajaan Negeri mengendalikan pengurusan
Persekutuan diambil alih oleh Kerajaan kewangan yang kompeten bukan sahaja
Pakatan Harapan. Malaysia juga dipuji disenangi oleh rakyat malah pelbagai
di serata negara lantaran daripada badan dan agensi awam mahupun
proses peralihan kuasa dilaksanakan syarikat-syarikat korporat mengiktiraf
dengan begitu aman dan tenteram dasar dan inisiatif yang dilaksanakan
tanpa sebarang rusuhan. Pengiktirafan oleh Kerajaan Negeri.
daripada negara-negara luar ini menjadi
bukti kematangan politik di Malaysia Terbukti Selangor berjaya memacu
sekaligus menjadi pemangkin semangat pertumbuhan yang mampan dalam
buat barisan kepimpinan untuk mencipta kemahiran di kalangan guna
membawa Malaysia ke arah yang lebih tenaga kerja dan memberdaya sosio
cemerlang. ekonomi rakyat. Dengan bantuan
jentera PKNS, Kerajaan Negeri
PENGIKTIRAFAN BUKTI mampu berdiri lebih utuh untuk
KOMITMEN DALAM MELUNASKAN memangkin dasar Merancakkan
TANGGUNGJAWAB Ekonomi, Memberdayakan Rakyat dan
Mensejahterakan Negeri.
Selangor sebagai sebuah negeri yang
maju dan lestari melihat peralihan Sepanjang hampir 10 tahun, Selangor
kuasa ini sebagai satu peluang bagi terus kekal menjadi penyumbang
mengembangkan lagi potensi pelaburan terbesar kepada Keluaran Dalam
untuk dibawa ke dalam negeri. Kerajaan Negara Kasar (KDNK) nasional dengan
Negeri melihat senario ini memberi nilai sebanyak RM91.2 bilion atau 23.7%
ruang kepada kami untuk menjalinkan daripada KDNK nasional pada tahun
kerjasama yang erat dengan Kerajaan 2018 berbanding 22.7% pada tahun
Persekutuan bagi mengukuhkan sebelumnya. Selain itu, Selangor
lagi kedudukan ekonomi dan turut menjadi negeri di Malaysia yang
mensejahterakan rakyat Selangor. mencatatkan pertumbuhan tertinggi
melebihi paras nasional dengan
Ini juga adalah bukti komitmen Kerajaan mencatatkan pertumbuhan sebanyak
Negeri untuk meletakkan keperluan 6.8% di mana sektor perkhidmatan
rakyat sebagai tunjang kepada tadbir dan pembuatan kekal sebagai
urus di negeri Selangor. Yang pasti, pemangkin utama kepada pertumbuhan
kerja keras ini bukanlah semata ekonomi Selangor.
untuk mengejar pengiktirafan, tetapi
sebagai satu amanah yang dipikul Selangor berjaya mencapai kedudukan
bagi melunaskan tanggungjawab lima negeri terbaik yang merekodkan
kepada rakyat serata negeri. Begitu KDNK per kapita melebihi paras
juga PKNS yang berperanan sebagai nasional dan mencatatkan peningkatan
sebuah agensi pembangunan negeri kepada RM51,528.00 berbanding
memainkan peranan yang penting dalam RM49,013 pada tahun sebelumnya.
mendukung aspirasi Kerajaan Negeri Selangor juga menjadi negeri yang
untuk mensejahterakan Selangor mencatatkan pencapaian indikator
melalui modul pembangunan fizikal, ekonomi tertinggi melalui sektor import
ekonomi dan sosial. dan eksport.
28
Pertumbuhan ekonomi negeri yang perlu menggembleng tenaga dan

utuh ini turut disumbang oleh rekod buah fikiran untuk memperkasakan
kepadatan penduduk Selangor yang lagi teras perniagaan dalam bidang
merupakan tertinggi di Malaysia hartanah dan dalam masa yang sama,
pada tahun 2018 iaitu berjumlah sentiasa mencari peluang untuk
6.4 juta. Ternyata penduduk di menceburi bidang perniagaan
negeri ini beruntung kerana hasil baharu bagi memastikan survival dan
kekayaan negeri ini diagihkan untuk kelestarian PKNS dan kumpulan.
menyediakan perkhidmatan terbaik
kepada rakyat. Oleh itu, Kerajaan PENGALAMAN LIMA DEKAD LALU
Negeri akan terus berusaha untuk UNTUK MENDEPANI LIMA DEKAD
mencambahkan idea baharu yang AKAN DATANG
dapat mencipta nilai tambah kepada
ekonomi negeri dan meningkatkan Bukan mudah untuk PKNS bertahan
kemakmuran rakyat Selangor. sehingga usia melebihi lima dekad.
PKNS yang bermula sebagai pemaju
SELANGOR MODEL KEJAYAAN perumahan sehingga berjaya
EKONOMI MALAYSIA membangunkan 11 buah pusat bandar
baharu dan kini, peranan PKNS
Kestabilan dan kecekapan dalam semakin besar dalam membantu
pentadbiran telah memberikan Kerajaan Negeri untuk memperkasa
keyakinan kepada pelabur- sosio ekonomi Selangor. Tiada
pelabur domestik dan luar negara siapa dapat menafikan betapa PKNS
untuk terus menjadikan Selangor memainkan peranan penting dalam
sebagai destinasi pelaburan. mengangkat aspirasi Kerajaan Negeri
Selangor turut mencipta sejarah dalam memberdaya ekonomi dan
apabila berjaya menarik pelaburan pembangunan fizikal Selangor.
bernilai RM18.95 bilion bagi tahun
2018, tertinggi sejak 30 tahun lalu. Bukan sedikit cabaran yang PKNS
hadapi untuk kekal sehingga usia
Sesuai dengan julukan Gedung 54 tahun ini. Pelbagai kejayaan dan
Ekonomi Malaysia, Selangor menjadi kegemilangan yang telah diperolehi.
aset penting dalam menjana Tidak kurang juga cabaran, rintangan
pertumbuhan ekonomi negara, malah dan tentangan yang dihadapi dalam
mempunyai peranan strategik dalam membawa nama dan kedudukan
lompatan kuantum ekonomi kepada PKNS gah seperti hari ini. Komitmen
ekonomi digital dan industri bernilai dan sinergi kerjasama daripada
tinggi. Malah, pelaburan langsung semua anggota telah memungkinkan
asing (FDI) Selangor bagi sektor PKNS menempuh segala cabaran
perkilangan sahaja untuk tahun lalu kerana saya percaya, anggota PKNS
mencecah RM8.2 bilion. telah ditanam dengan semangat
kental susah senang bersama.
Kerjasama yang terjalin di antara
Kerajaan Negeri dan Persekutuan Keadaan ekonomi global yang
pada ketika ini perlu dimanfaatkan tidak menentu ketika ini dan bakal
sepenuhnya bagi mencerakinkan mendatang serta keadaan pasaran
keperluan pembangunan dan hartanah yang agak perlahan
perancangan ekonomi bagi merangka menjadi satu lagi cabaran yang perlu
perancangan strategik untuk ditempuhi oleh PKNS. Senario ini
kebaikan negeri secara khusus dan memberi kesan kepada seluruh
negara secara keseluruhannya. sektor industri dalam negara. Namun,
Selangor merupakan gerbang berbekalkan pelan-pelan strategi
pelaburan negeri dan menjadi yang bistari, saya meletakkan
contoh kepada negeri-negeri lain. keyakinan penuh terhadap barisan
Justeru, Kerajaan Negeri terus kepimpinan serta semua warga
berusaha gigih untuk membina kerja di PKNS untuk mengemudi
Selangor sebagai ‘model state’ dan perbadanan ini ke aras kejayaan yang
untuk merealisasikan hasrat itu, lebih cemerlang.
PKNS dan Kumpulan Anak Syarikat
29
HARAPAN DAN PENGHARGAAN. this hard work is not just a pursuit of recognition,
but a trust to be carried to fulfill the responsibility
Saya ingin mengucapkan setinggi-tinggi towards the people nationwide. Similarly, PKNS,
penghargaan dan syabas buat barisan which plays as the state development agency,
Ahli Pengurusan, Ketua Bahagian, plays an important role in supporting the State
Pegawai Kanan dan seluruh warga kerja Government’s aspirations to prosper Selangor
PKNS atas pengorbanan, perit jerih through its physical, economic and social
dan usaha yang dicurahkan demi development modules.
untuk kecemerlangan PKNS. Dengan
semangat sinergi berpasukan dan BUDGET PERFORMANCE AND FINANCIAL
komited ke arah kecemerlangan, saya REPORTING
mahu kita semua terus bersatu sebagai
warga PKNS dalam menempuhi
Selangor’s strength is its stability and unity in
sebarang rintangan yang bakal dihadapi
governance, determined and visionary, as well
demi kelangsungan PKNS dan generasi
as highly committed to ensuring policies and
yang akan datang.
programmes prioritise the people. The competency
Saya yakin segala pengalaman yang of the State Government in managing financial
diperolehi lebih 50 tahun dahulu akan management is not only favourable to the people
menjadi bekalan untuk kita tambah baik but also to various public bodies and agencies, as
perjalanan bagi mendepani 50 tahun well as corporate companies that recognises the
yang akan datang. Jadikan bekalan policies and initiatives implemented by the State
ilmu dan pengalaman yang kami Government.
wariskan kepada generasi baharu
sebagai panduan untuk mengangkat It has been proven that Selangor has successfully
kejayaan dan martabat PKNS ke aras driven sustainable growth in building employment
yang lebih tinggi dan kekal berada skills and empowering the socioeconomic status
di landasan objektif PKNS serta of the people. With the help of PKNS powers, the
mendukung aspirasi Kerajaan Negeri State Government stands stronger in promoting
Selangor. the policy of Economic Boosting, Empowering the
People and Prospering the State.
Alhamdulillah, all praise and thanks to Allah For nearly 10 years, Selangor has remained the
Almighty for His Oneness and His Compassionate, largest contributor to the National Gross Domestic
Selangor continues to be blessed with prosperity, Product (GDP) of RM91.2 billion or 23.7% of
wellness, and peace. national GDP in 2018, as compared to 22.7% from
the previous year. Furthermore, Selangor is also
2018 is the year to be written in the history of the state in Malaysia with the highest growth,
Malaysia when the Federal Government is taken surpassed the national level, with a growth of
over by the Pakatan Harapan government. 6.8% where the services and manufacturing sector
Malaysia is also praised all over the country remained as the main catalyst for Selangor’s
for its transition of power without any riot. The economic growth.
recognition from other countries is a testament
to the political maturity of Malaysia as well as a Selangor has successfully achieved the top five
catalyst for the leadership line to lead Malaysia in states with GDP per capita above the national
a better way. level and showed an increase of RM51,528.00 from
RM49,013 the previous year. Selangor is also the
THE RECOGNITION AS THE PROOF FOR state with the highest economic performance
COMMITMENT IN RESPONSIBILITY indicator through the import and export sector.
As a developed and sustainable state, Selangor The statewide economic growth was also
sees this transition of government as an contributed by the high population density in
opportunity to further expand its investment Selangor in which is the highest in Malaysia,
potential. The State Government sees this scenario recorded at 6.4 million in 2018. The people of
as an opportunity to forge closer cooperation with Selangor are fortunate as the wealth of the state
the Federal Government to further strengthen the is distributed evenly to provide the best service
economy and prosper the people of Selangor. to the people. Therefore, the State Government
will continue to work on adding new ideas that
It is also a testament to the commitment of the will create added value to the state economy and
State Government to put the needs of the people as enhance the prosperity of the people of Selangor.
the core to the administration in Selangor. Surely,
30
The stability and the efficiency of the state’s enabled PKNS to rise above its challenges, as
administration have given confidence to I believe, PKNS members have embedded in
domestic and foreign investors to continue to them the strong sense of togetherness in the
make Selangor an investment destination. face of challenges.
Selangor also made history by attracting
RM18.95 billion worth of investment for 2018, The uncertain current global economy, as well
which is the highest recorded in the last 30 as the slow pace of the property market pose
years. another challenge for PKNS. This scenario
affects the entire industry sector in the country.
Suiting its epithet as the Malaysian Economy However, with sound strategic plans, I give my
Marketplace (Gedung Ekonomi Malaysia), full confidence in the line of leadership and all
Selangor has been an important asset in fueling the staff of PKNS to drive this corporation to
the country’s economic growth and even has a greater success.
strategic role in the quantum leap to the digital
economy and high-value industries. In fact, HOPE AND APPRECIATION
Selangor’s foreign direct investment (FDI) for
manufacturing alone last year reached RM8.2 I would like to express my deepest gratitude
billion. and congratulations to the Management Team,
Division Chief, Senior Staff and all PKNS staff for
The collaboration between the State and their sacrifices, hard work and efforts dedicated
Federal Government should at present be fully to the excellence of PKNS. With the teamwork
utilized to highlight the needs of economic synergy and commitment towards excellence, I
development and planning, to formulate want all of us to remain united as PKNS family
strategic plans for the benefit of the state, and to face whatever challenges for the future of
the country as a whole. PKNS and the generations to come.
Selangor is a state investment gateway and is I am confident that the experience gained
exemplary to other states. As such, the State over the past 50 years ago will serve as a
Government continues to work hard to build catalyst for us to improve as we journeyed to
Selangor as a ‘model state’, and to realise that another 50 years ahead. Use the knowledge
aspiration, PKNS and the Subsidiary Groups and experience that we inherited to the new
need to devote their energies and minds to generations as a guide to elevate the success
strengthen the core of the business in the and dignity of PKNS to a higher level and
property sector and at the same time, always remain at the forefront of PKNS’ objectives
looking out for opportunities to venture into as well as upholding the aspirations of the
new business areas in ensuring the survival and Selangor State Government.
sustainability of PKNS and its group.
FIVE DECADES OF EXPERIENCE TO SEE THE

NEXT FIVE YEARS
To survive up to more than five decades is not

an easy thing for PKNS. PKNS which started as Kestabilan dan kecekapan dalam pentadbiran telah
a housing developer to successfully develop memberikan keyakinan kepada pelabur-pelabur
11 new urban centers and now, PKNS’ role
is playing a bigger role in supporting the domestik dan luar negara untuk terus menjadikan
State Government to strengthen Selangor’s Selangor sebagai destinasi pelaburan.
socio-economic status. No doubt that PKNS
plays an important role in realizing the
State Government’s aspirations to empower
Selangor’s economy and physical development.
The challenges that PKNS had to endure until

it reaches the age of 54 are many, to say the
least. Various successes and glories have been
achieved, not to mention also the challenges,
obstacles and setbacks faced in carrying the
name and position of PKNS as it is today. The
commitment and synergy of all members have
31
Laporan Ketua Pegawai Eksekutif

Chief Executive Officer’s Review
Tahun 2018 telah selamat dilewati. mematuhi undang-undang serta sepenuhnya untuk tahun hadapan,
Pelbagai cabaran dalam 12 bulan peraturan yang ditetapkan dan namun PKNS sedang merangka
disusuri dengan semangat cekal dan sebagainya. pelan strategi yang dinamik dan
penuh sinergi. Walau dalam keadaan efektif yang berpotensi melonjakkan
ekonomi global yang tidak menentu Dari aspek pembangunan sukan, keuntungan PKNS.
dan pasaran hartanah yang perlahan, kontinjen PKNS sekali lagi telah
PKNS bijak mencari peluang berjaya mengekalkan kejuaraan PRESTASI JUALAN HARTANAH
untuk terus kukuh meneruskan untuk kali kesembilan bagi Kejohanan PKNS
kelangsungan perniagaan dengan Sukan Gemaputera ke-15 Perlis 2018.
stabil dan cemerlang. Kejohanan kali ini mempertaruhkan PKNS terus memperkasa gerakan
sembilan acara sukan dan PKNS untuk meningkatkan prestasi jualan
ANUGERAH DAN PENGIKTIRAFAN berjaya merangkul lima pingat emas hartanah yang merupakan teras
PEMANGKIN MOTIVASI bagi acara karom, ping pong, bola perniagaan dan penyumbang utama
jaring, boling dan golf. Dua pingat bagi pendapatan PKNS. Sebanyak 12
Di samping cabaran yang ditempuhi, perak untuk acara badminton dan projek telah berjaya dilancarkan
pelbagai juga kejayaan yang diraih dart. Manakala, tempat keempat bagi sepanjang tahun 2018. Manakala,
sepanjang tahun 2018 hasil dari kerja acara futsal untuk kedua-dua bagi rekod jualan bangunan
keras dan komitmen penuh dari kategori terbuka dan veteran. keseluruhan mengikut wilayah
seluruh warga kerja PKNS. Selain sehingga 31 Disember yang lepas,
daripada kejayaan melancarkan Tahniah dan syabas diucapkan Wilayah Tengah mencatatkan jumlah
projek-projek perumahan, kepada semua warga kerja keseluruhan hasil kutipan sebanyak
kecemerlangan operasi dan PKNS. Diharapkan anugerah dan RM103.1 juta. Manakala, kutipan
sebagainya, PKNS juga telah berjaya pengiktirafan ini menjadi pemangkin bagi Wilayah Utara adalah sebanyak
menerima rangkaian anugerah dan untuk meningkatkan lagi prestasi RM83.5 juta; dan bagi Wilayah
pengiktirafan dari dalam dan luar serta dapat merangsang PKNS Selatan, kutipannya adalah sebanyak
negara. untuk terus komited melaksanakan RM7.1 juta.
tanggungjawab membangunkan
Lebih 10 anugerah yang diterima Selangor dari aspek pembangunan Rekod kutipan ini menjadikan jumlah
PKNS antaranya Honor Award fizikal, sosio-ekonomi dan komuniti. kutipan keseluruhan untuk tahun
Professional Category Landscape 2018 bagi ketiga-tiga wilayah adalah
Design Award Malaysia, Best PRESTASI KEWANGAN PKNS sebanyak RM193.7 juta. Jumlah ini
Township Developer Award, National menunjukkan peningkatan sebanyak
Energy Awards 2018, ASEAN Energy Walau dalam keadaan ekonomi RM6 juta daripada jumlah kutipan
Awards 2018, Malaysia Property yang sangat mencabar, PKNS telah keseluruhan pada tahun 2017 iaitu
Awards 2018 dan lain-lain lagi. Segala berjaya mencatatkan keseluruhan sebanyak RM187.7 juta. Baki stok
kejayaan yang diperolehi ini menjadi pendapatan sebanyak 110% daripada hartanah PKNS pula sehingga 31
tamsilan yang membuktikan PKNS yang dibajetkan yang mana majoriti Disember adalah sebanyak 1,552 unit
merupakan satu jenama dan ikon di pendapatan ini disumbang menerusi dengan nilai jualan RM1.1 bilion. Tidak
dalam industri pembangunan yang jualan bangunan dan pajakan tanah. dapat disangkal, keadaan pasaran
dipercayai serta mengeluarkan Jumlah yang dicatatkan ini meningkat hartanah yang perlahan menjadi
produk-produk yang berkualiti tinggi. sebanyak RM2.2juta (0.4%) dari antara faktor penyumbang kepada
RM624.4 juta pada tahun 2017 jumlah baki yang agak tinggi ini.
Bukan sahaja kecemerlangan dari kepada RM626.6 juta pada tahun Namun begitu, rekod jualan yang
aspek kualiti produk perumahan, 2018. dicatatkan PKNS untuk tahun 2018
malah kecekapan pentadbiran PKNS menunjukkan pertumbuhan yang
dari sudut kewangan turut diiktiraf Manakala, keuntungan sebelum cukai positif dan masih dapat mengekalkan
oleh Jabatan Audit Negara dengan dan zakat yang dicatatkan untuk prestasi jualan yang baik.
penarafan 5 Bintang atau tahap tahun 2018 pula adalah sejumlah
Cemerlang bagi Pengurusan RM111 juta, iaitu RM5 juta (4%) lebih Rekod kutipan bagi penjualan tanah
Kewangan Berdasarkan Indeks tinggi daripada keuntungan yang PKNS secara keseluruhan sepanjang
Akauntabiliti untuk tahun 2017. dicatatkan pada tahun 2017 iaitu tahun 2018 juga menunjukkan
Pengauditan yang diadakan lima sejumlah RM116 juta. Keuntungan prestasi yang memuaskan. Kutipan
tahun sekali ini dianugerahkan yang tinggi ini adalah disebabkan yang dicatatkan bagi Wilayah Tengah
kepada PKNS atas keberkesanan oleh margin keuntungan pajakan adalah sebanyak RM65.3 juta,
pengurusan kewangan yang tanah daripada Westport yang Wilayah Utara pula sebanyak
menyeluruh meliputi sistem mencatatkan hampir 100% RM204.5 juta; dan bagi Wilayah
kawalan dalaman terhadap elemen keuntungan iaitu sebanyak RM115 Selatan sebanyak RM35.9 juta.
pengurusan, bajet, terimaan, juta. Walaupun keadaan kesihatan
perolehan, perbelanjaan, aset, ekonomi dijangka belum dapat pulih
32
Lebih 10 anugerah yang diterima PKNS antaranya Honor

Award Professional Category Landscape Design Award
Malaysia, Best Township Developer Award, National
Energy Awards 2018, ASEAN Energy Awards 2018,
Malaysia Property Awards 2018..
Ini menjadikan jumlah kutipan dipacu oleh Internet of Things (IoT)

keseluruhan untuk bayaran tanah telah menawarkan peluang baharu
adalah sebanyak RM305.7 juta kepada tenaga kerja dan perniagaan
berbanding sasaran sebanyak di Malaysia agar lebih menonjol di
RM336.8 juta iaitu pencapaian persada dunia.
sebanyak 91%.
PKNS perlu menghadapi teknologi
TANGGUNGJAWAB SOSIAL baharu ini dengan meningkatkan
KORPORAT (CSR) PKNS kecekapan dan produktiviti serta
mengembangkan pasaran melalui
Selari dengan visi dan misi PKNS platform digital. Bagi mendukung
yang cukup jelas menterjemah aspirasi Kerajaan Negeri yang ingin
peranan yang dimainkan dalam membawa Selangor ke arah Regional
membantu memacu kemajuan negeri Smart State, PKNS berusaha untuk
Selangor bukan sahaja dari aspek membina Selangor Cyber Valley
ekonomi dan pembangunan fizikal, sebagai Bandar Pintar pertama di
malah PKNS juga mendukung aspirasi Selangor. Pembangunan di SCV
untuk mengekalkan kelestarian diseimbangkan dengan pembangunan
komuniti di kalangan masyarakat Rumah Mampu Milik iaitu projek
setempat. Pangsapuri Selangorku Idaman
Residensi yang merupakan projek
Salah satu inisiatif PKNS adalah jalinan kerjasama pintar (smart
dengan melaksanakan program- partnership) dengan Gamuda Sdn
program tanggungjawab sosial Bhd. Projek Rumah Mampu Milik
korporat atau CSR yang menjadi ini sangat berkualiti tinggi dan
kewajipan untuk diadakan setiap memberikan pulangan yang optima
tahun sebagai satu usaha memupuk kerana pembinaanya menggunakan
nilai-nilai murni dan meraikan teknologi sistem Digital IBS yang
ukhuwah antara PKNS dan badan memanfaatkan alat reka bentuk
kerajaan serta masyarakat secara digital dan pembinaan robotik serta
umumnya. kemasan kualiti yang unggul sekaligus
dapat mempercepatkan proses
Bagi tahun 2018, PKNS telah pembinaan.
membelanjakan sebanyak RM1.4 juta
wang zakat untuk diagihkan semula Selain itu, beberapa inisiatif inovasi
kepada masyarakat setempat dari anak-anak syarikat PKNS juga
melalui program-program yang telah amat membanggakan, antaranya:
dilaksanakan, antaranya program
baik pulih rumah asnaf, program • Kerjasama di antara Worldwide
pembangunan mualaf, sumbangan Holdings Berhad dan syarikat
bantuan kepada pusat-pusat pengilangan kertas dari Jepun,
pendidikan yang memerlukan, GSSP yang berjaya menarik
sumbangan kepada Tabung Kebajikan pelaburan bernilai RM1.26 bilion
Perubatan Malaysia dan lain-lain lagi. ke Selangor.
• Transformasi bangunan ikonik
Inovasi Budaya Kerja Pemangkin Kompleks PKNS Shah Alam dan
Transformasi Hasil Kerja Tahun Bangi yang diberi nafas baru
2018 juga menyaksikan pelbagai oleh PKNS Real Estate Sdn. Bhd.
idea inovasi diangkat untuk (PREC).
mentransformasi perniagaan PKNS • Penyampaian perkhidmatan
ke satu tahap yang lebih tinggi. kesihatan dengan harga mampu
Dalam era Revolusi Industry 4.0 milik melalui skim Kad Peduli
kini, kita perlu cekap dan berkesan Sihat dan pembinaan hospital
dalam menyeimbangkan di antara oleh Selgate Corporation Sdn.
operasi manusia dan jentera digital Bhd. dan lain-lain lagi.
dalam pelbagai industri. Kemunculan
gelombang trend mega seperti
Industri 4.0 dan ekonomi digital yang
33
HARAPAN DAN PENGHARGAAN

Management Based On The Accountability Index
Tahun 2019 yang mendatang akan for the year 2017. This audit that is done every
menjanjikan cabaran yang lebih five years was awarded to PKNS in the overall
hebat buat PKNS memandangkan effectiveness of financial management that
kajian daripada pakar-pakar ekonomi includes the system of internal control towards
mendapati keadaan pertumbuhan management, budget, receipts, turnover,
ekonomi dan pasaran hartanah expenses, assets, compliance with applicable laws
akan mengambil masa untuk pulih and regulations and so on.
sepenuhnya. Namun, jika kita dapat
kekalkan dan tingkatkan lagi momentum In terms of sports development, the PKNS
penyampaian hasil kerja, saya contingent has again secured as a champion for
percaya PKNS akan dapat mencapai the ninth time in the 15th Perlis Gemaputera Sports
kecemerlangan yang lebih lagi. Championship. The Championship this time put
forth nine sports event and PKNS has won five gold
Jutaan terima kasih saya ucapkan medals for carrom, ping pong, basketball, bowling,
kepada seluruh warga kerja atas usaha, and golf. Two silvers were gained for badminton
komitmen dan keringat yang dicurahkan and dart. Meanwhile, futsal gained a fourth place
demi memastikan PKNS kekal unggul for both categories of open and veteran.
sebagai Perbadanan Kemajuan Ekonomi
Negeri yang terbaik di Malaysia. Congratulations to all PKNS employees. It is hoped
Kerjasama dan perpaduan yang jitu
that these awards and recognitions will serve as
antara warga kerja menjadi asas kepada
a catalyst or incentive to further our performance
kejayaan PKNS.
and to encourage PKNS to remain committed to
fulfilling the responsibility of developing Selangor
The year 2018 has been covered. Many challenges from the aspect of physical, socio-economic and
within the 12 months were met with a strong community development.
determination and synergy. Even in the face of
uncertain global economic conditions and the PKNS FINANCIAL PERFORMANCE
slowdown of the property market, PKNS knows
where opportunities lie and to always remain Despite facing challenging economic conditions,
strong to continuously stabilise and gives excellent PKNS managed a total revenue of 110% of
business momentum. what is budgeted, with the majority are
contributed by the sales of building and land
AWARDS AND RECOGNITION TO CATALYSE leasing. This amount showed an increase of RM2.2
MOTIVATION million (0.4%) from RM624.4 million in 2017 to RM
626.6 million in 2018.
Despite the challenges that were faced, there were
also a lot of successes achieved throughout Meanwhile, the profit before tax and zakat
the year 2018 due to the hard work and recorded for 2018 amounted to RM111 million,
commitment of all PKNS employees. Other than which is RM5 million (4%) higher than the profit
successfully launched a few housing projects, recorded in 2017, which amounted to RM116
excellence in operations and others, PKNS has also million. The high profit gained was due to the
received various awards and recognitions, locally margin from Westport’s land lease, which is
and internationally. nearly 100% total profit amounted to RM115
million. While economic health is not expected to
There were over 10 awards received by PKNS be fully recovered in the next year to come, PKNS is
including Honor Award Professional Category developing a dynamic and effective strategic
Landscape Design Award Malaysia, Best Township plan that could potentially boost PKNS’
Developer Award, National Energy Awards 2018, profitability.
ASEAN Energy Awards 2018, Malaysia Property
Awards 2018, and many others. All these successes PKNS PROPERTY SALES PERFORMANCE
have become an example that proves PKNS is a
trusted brand and icon in the development industry PKNS continues to strengthen the initiative to
as well as producing high-quality products. improve property sales performance, which is the
core business and the main contributor to PKNS’
PKNS has not only achieved excellence in terms revenue. A total of 12 projects were successfully
of housing product quality but also efficient in launched within the year 2018. Meanwhile, for the
the financial management in which is recognised building sales record according to regions as of
by the National Audit Department with 5-Star December 31st, the Central Region recorded total
ratings or on the level of ‘Excellent’ in Financial revenue of RM103.1 million. The amount of RM83.5
34
was collected by the Northern Region, while the a smart partnership project with Gamuda Sdn
collection of RM7.1 million is from the Southern Bhd. This Affordable Home Project is of high
Region with the amount of RM35.9 million. quality and provides excellent returns as it
This results in the total collection for land builds on the IBS Digital technology system
payments of RM305.7 million, which shows 91% which leverages digital design and robotic
achievement from the target of RM336.8 million. construction as well as having superior quality
finish, at the same time accelerating the
PKNS CORPORATE SOCIAL RESPONSIBILITY construction process.
(CSR)
Additionally, several innovation initiatives from
The CSR programme is in line with PKNS’ vision PKNS Subsidiaries that are to be proud of, are
and mission that translates the role it plays in as follows:
helping drive the state of Selangor not only in
terms of economic and physical development • The Collaboration between Worldwide
but to also supports the aspiration of Holdings Berhad and Japan-based paper
maintaining sustainability among the manufacturing company GSSP, which
community. managed to attract RM1.26 billion worth
of investment to Selangor.
One of PKNS’ initiatives is to implement • The transformation of the iconic building
corporate social responsibility programme, or of PKNS Shah Alam and Bangi Complex
CSR, that are mandated to be held each year has been given a fresh breath by PKNS
to foster values and celebrate the ‘ukhuwah’ Real Estate Sdn. Bhd. (PREC).
(inter- relationship bond) between PKNS and • Affordable health service delivery through
government bodies and the community at large. a Health Care Card (Kad Peduli Sihat
scheme and hospital construction by
For 2018, PKNS has allocated RM1.4 million as Selgate Corporation Sdn. Bhd, and many
charity or zakat to be distributed to the local others.
community through various programs,
including home improvement programmes, HOPE AND APPRECIATION
muallaf development programmes, donations
to the education centres in need, donations to The coming year of 2019 promises greater
the Malaysian Medical Welfare Fund and others. challenges for PKNS as research from economic
experts found that the economic growth and the
INNOVATION IN WORK CULTURE STIMULATES property market will take time to fully recover.
TRANSFORMATION OF WORK However, if we can maintain and increase our
delivery momentum, I believe PKNS will achieve
The year 2018 also saw various ideas of even greater success.
innovation transformed the PKNS businesses
to a higher level. In the current era of Industrial Million thanks to all the staff for their efforts,
Revolution 4.0, we need to be efficient and commitment, perspiration, and hard work to
effective in balancing human operations and ensure that PKNS remains as the best State
digital machinery in various industries. The Economic Development Corporation in
emergence of a mega-wave of trends such as Malaysia. Good cooperation and unity among
Industry 4.0 and the digital economy driven the employees are the fundamentals of the
by the Internet of Things (IoT) has offered new successes of PKNS.
opportunities for the Malaysian workforce and
businesses to stand out globally.
PKNS needs to address the emergence of

new technology by increasing efficiency and
productivity, as well as expanding its market
through digital platforms. To support the
aspirations of the State Government which
pursues to bring Selangor towards a Regional
Smart State, PKNS sought to establish Selangor
Cyber Valley as the first Smart City in Selangor.
Development at SCV is also balanced out with
the development of Affordable Homes, the
Idaman Residential Apartment project which is
35
Sistem Skor Prestasi

Anak Syarikat
Performance Scoring System of PKNS
Subsidiaries
PKNS telah mewujudkan dan projek- projek PKNS. Begitu juga

melaksanakan sistem skor prestasi dengan langkah pemerkasaan Kumpulan
bermula pada tahun 2015, selari dengan Anak Syarikat melalui semakan semula
kewujudan Pelan Perancangan Strategik navigasi halatuju setiap Anak Syarikat
PKNS Lima (5) tahun bagi penggal 2015- di samping rancangan untuk meneroka
2019. Sistem skor prestasi ini bertujuan beberapa peluang perniagaan baharu
untuk memantau dan menilai prestasi bagi meningkatkan lagi kepelbagaian
pencapaian PKNS dan Anak Syarikat fungsi dan kekukuhan PKNS secara
PKNS, secara sistematik dan berkala keseluruhan.
berdasarkan kepada perancangan
strategi yang dibentuk, melalui KPI PKNS has embodied and implemented
yang diperturunkan kepada bahagian- performance score system since 2015, in
bahagian yang terlibat. line with the PKNS Five (5) Year Strategic
Planning Plan for the term of 2015 – 2019. This
Pencapaian prestasi semasa dan KPI di performance score system, which is based on the
peringkat PKNS, mahupun anak syarikat strategically structured KPIs, is to monitor and
evaluate performance of PKNS and its Holdings,
dapat dinilai dan diurus tadbir dengan
systematically and periodically.
lebih sistematik melalui pencapaian
skor yang diperolehi daripada laporan The current performance and KPI of PKNS and its
bulanan KPI yang dihantar oleh setiap Subsidiaries can be evaluated and administered
bahagian di PKNS. Skor yang diperolehi systematically through the monthly submission
daripada laporan bulanan ini yang KPIs report by each division of PKNS. These
akan membentuk Skor Utama bagi scores obtained from the monthly reports will be
pencapaian keseluruhan PKNS. accumulated and in turn to be the Main Score for
the entire PKNS performance.
Pencapaian prestasi PKNS pada tahun
2018 menunjukkan peningkatan skor In 2018, PKNS showed improvement in their
prestasi pada kedudukan baik dan performance score, achieving the Good and
memuaskan iaitu pada kedudukan 3.12 Satisfying at an overall performance score of 3.12,
berbanding tahun 2017 yang mencapai as compared to 2017 which achieved an overall
prestasi skor 2.86. Kejayaan mencapai performance score of only 2.86. This improvement
KPI utama yang melibatkan pembinaan mainly contributed by successfully attaining the
projek dan penjualan projek-projek key KPIs in relation to the construction of projects
and the sales of real estate projects until the end
hartanah sehingga akhir tahun, secara
of the year.
langsung menyumbang kepada
peningkatan prestasi ini. While for the Subsidiaries Group, for the same
duration, cumulatively they achieved the average
Manakala, purata skor yang dicatatkan score of 3.06, on the scale of Good and Satisfying.
oleh Kumpulan Anak Syarikat secara This score also showed improvement as compared
kumulatif untuk tempoh yang sama to the 2017 score of only 2.92.
adalah sebanyak 3.06, iaitu berada di
tahap yang baik dan memuaskan. Skor In conclusion, for the year 2019, PKNS is expected
ini turut mencatatkan peningkatan to achieve the score of more than 4.0,
berbanding skor pada tahun 2017 iaitu which is set by the PKNS Management Team, owing
sebanyak 2.92. to some improvement of strategies on
developments and sales planning of PKNS projects.
Secara rumusannya, untuk tahun 2019, Likewise, the strengthening of the
PKNS dijangka akan mencapai sasaran Subsidiary Group by reviewing the direction of
skor yang telah ditetapkan oleh Ahli navigation of each subsidiary as well as plans
Pengurusan PKNS iaitu sasaran skor to explore new business opportunities to further
enhance the overall functioning and
melebihi 4.0, kesan daripada beberapa
strength of PKNS as a whole.
strategi penambahbaikan terhadap
perancangan pembangunan dan jualan
36
Pusat Pertumbuhan Baru

New Growth Centres
Pusat Pertumbuhan Baharu yang telah dibangunkan oleh PKNS
New growth centres developed by PKNS:
37
Pembangunan Hartanah
Property Development
Dalam usaha untuk terus kekal relevan In the effort to remain relevant to compete
bagi bersaing secara kompetitif competitively with other property industry
bersama para pemain industri hartanah, players, PKNS is committed to developing
PKNS komited menjadikan aktiviti affordable houses as the main agenda for
pembinaan rumah mampu milik sebagai
providing the ideal home for the people of
agenda utama untuk membekalkan
kediaman idaman buat rakyat Selangor Selangor, in turns, strengthening strategies
di samping memperkukuh strategi particularly in the real estate sector, which
khususnya dalam sektor hartanah is in line with the current socioeconomic
bersesuaian dengan cabaran sosio- challenges.
ekonomi semasa.
DEVELOPMENT PERFORMANCE &
PRESTASI PEMBANGUNAN & JUALAN PROPERTY SALES
HARTANAH
PKNS upholds Selangor State Government’s
PKNS mendukung aspirasi Kerajaan
Negeri Selangor dalam menjadikan aspirations to make Selangor a state that
Selangor sebagai sebuah negeri gives prominence the sustainability and
yang mampan dan berkebajikan well-being of the people, especially to the
khususnya kepada rakyat Selangor. people of Selangor. PKNS is well-equipped
PKNS sentiasa bersedia dengan with other alternatives to boost and sustain
alternatif-alternatif lain yang boleh encouraging property performance, despite
digunakan bagi meningkatkan serta the current economy affected PKNS’ property
mengekalkan prestasi hartanah yang development and sales
memberangsangkan walaupun keadaan
performance.
ekonomi semasa turut memberi
impak atau kesan kepada prestasi
pembangunan dan jualan hartanah In 2018, PKNS has launched 114 units of
PKNS. properties through two implemented projects
as following:
Pada tahun 2018, PKNS telah
melancarkan sebanyak 114 unit hartanah
menerusi dua projek seperti berikut:
10 unit
Rumah Berkembar
2 Tingkat
Double Storey Semi-Detached House
Seksyen 17, Shah Alam
104
Rumah Link
unit 2 Tingkat
Double Storey Houses
Kuala Selangor
38
Hartanah PKNS mendukung aspirasi Kerajaan Negeri

Selangor dalam menjadikan Selangor sebagai sebuah
negeri yang mampan dan berkebajikan khususnya
kepada rakyat Selangor.
JUMLAH PROJEK YANG SIAP DIBINA STRATEGI PEMASARAN MARKETING STRATEGY

DARI 1963-2018
Bagi meningkatkan prestasi jualan In order to boost the sales of properties
Sehingga 31 Disember 2018, PKNS dan hartanah dalam keadaan pasaran performance in the current competitive
kumpulan secara keseluruhan telah semasa yang sangat kompetitif,
market, a few marketing strategies have been
berjaya membina sebanyak 160,378 beberapa strategi pemasaran telah
unit rumah yang merangkumi pecahan dirancang dan dilaksanakan iaitu: planned and implemented which are:
seperti berikut:
1. Aktiviti Promosi Koleksi Hartanah 1. Property Collection Promotion Activities
TOTAL NUMBER OF PROJECTS COMPLETED 2. Skim Smart Ownership 2. Smart Ownership Scheme
IN 1963- 2018 3. Skim Insentif MyPKNS 3. MyPKNS Insentive Scheme
4. Skim RTB (Rent to Buy) Bagi Projek 4. RTB (Rent to Buy) Scheme for PKNS
Komersial PKNS Commercial Project
As at 31 December 2018, PKNS and its Group 5. Skim Rent to Own Maybank
have successfully built an overall of 160,378 5. Maybank Rent to Own Scheme
6. Strategi Jualan Secara Berpusat
housing units, which are apportioned as per 6. Centralised Sales Strategy
7. Strategi Jualan Setempat Mengikut
below: Bandar 7. Localised Sales According to City Strategy
8. Strategi Pengiklanan Melalui Media 8. Advertising through Social Media
Sosial Strategy
60,705
9. Kerjasama dengan ‘Loan 9. Collaboration with ‘Loan Negotiator’
Negotiator’ 10. Sales through En Bloc
10. Jualan Secara En Bloc 11. Appointments of Real Estate Agent
unit rumah kos rendah/mampu milik 11. Pelantikan Agen Hartanah
units of low cost houses/affordable homes
......................................................................
73,799 RUMAH SELANGORKU IDAMAN PKNS RUMAH SELANGORKU IDAMAN PKNS
Seiring dengan objektif asal penubuhan In line with the main objective of this
unit rumah kos sederhana
untuk menyediakan bekalan kediaman establishment to provide affordable homes
units of medium cost houses
...................................................................... yang mampu dimiliki oleh rakyat for the people of Selangor as well as realising
Selangor serta bagi memenuhi hasrat
25,874
State Government’s targeted aim of targeting
Kerajaan Negeri yang mensasarkan
20,000 units of affordable homes or Rumah
20,000 unit rumah mampu milik atau
Rumah Selangorku (RSKU) secara Selangorku (RSKU) by stages by 2020, PKNS
unit rumah kos tinggi berperingkat menjelang 2020, PKNS strives to focus on
units of medium cost houses terus memberikan tumpuan dalam developing more RSKU under the brand of
membina lebih banyak RSKU di bawah ‘Rumah Selangorku Idaman PKNS’, specifically
jenama ‘Rumah Selangorku Idaman for the low and medium-incomers. Until 2018,
PKNS’ khusus bagi golongan PKNS and Groups have built 2,235 units of
berpendapatan rendah dan sederhana. affordable homes. Meanwhile, 1,876 units are
Sehingga 2018, PKNS dan kumpulan still in progress.
telah membina siap sebanyak 2,235 unit
rumah mampu milik. Manakala, sebanyak
1,876 sedang dalam pembinaan.
2,235
rumah siap dibina
units completed homes
2018
1,876
rumah dalam pembinaan
units under construction
39
Projek RSKU oleh PKNS dan Kumpulan sehingga Disember 2018: PERKHIDMATAN PELANGGAN
RSKU project by PKNS until December 2018
Bertepatan dengan Nilai Bersama
No Jenis / Type Kawasan/ Area Unit PKNS yang pertama iaitu ‘Pelanggan
Diutamakan’, membuktikan komitmen
Rumah Berkembar / PKNS untuk mendahulukan keperluan
1. Bukit Botak 1,422 dan kehendak pelanggan sebagai teras
Double Storey Houses
perniagaan. Hari Mesra Pelanggan
Pangsapuri Damai Residensi / diadakan secara berterusan pada setiap
2. Seksyen 3, Bandar Baru Bangi 124
Damai Residence Apartments tahun bagi memastikan kehendak serta
Rumah Teres 1 ½ Tingkat / kepuasan pelanggan dapat dipenuhi.
3. Antara Gapi 129 Program ini menyediakan platform
1 ½ Storey Houses
secara langsung kepada pelanggan
Rumah Bandar (Townhouse) / dan pihak PKNS, khususnya dari
4. Seksyen 5, Kota Puteri 198
1 ½ Storey Houses segi menyalurkan pandangan serta
menerima maklum balas berkaitan
Rumah Teres 2 Tingkat /
5. Antara Gapi 80 produk-produk yang dihasilkan oleh
Two Storey Houses
PKNS dan Kumpulan Anak Syarikat
Pangsapuri Seri Atria / menerusi medium digital PKNS Careline
6. Subang Bestari 178 seperti di Facebook, Twitter, SMS, QR
Seri Atria Apartments
code, email dan sebagainya.
Pangsapuri Denai Alam /
7. Seksyen U12, Shah Alam 104
Denai Alam Apartments Berikut adalah perbandingan yang telah
dibuat mengenai aduan yang telah
berjaya diselesaikan dari tahun 2015
sehingga tahun 2018:
In accordance with the first of PKNS Shared

Values, which is ‘Customer First’, the
commitment of PKNS to fulfill customers’
needs and wants at the fore, becomes
prevalence as they make it as the core of the
business. The Customer-Friendly Day (Hari
Mesra Pelanggan) is held annually to ensure
the needs and satisfaction of the customers
are met. This program provides the platform
directly to customers and PKNS, especially in
channeling reviews and feedbacks regarding
PKNS products and its Holdings, through
digital medium PKNS Careline such as
Facebook, Twitter, SMS, QR Code, email and
others.
The followings are the comparison between

2015 and 2018 on the complaints that were
successfully resolved:
Aduan yang
Aduan
berjaya
Tahun yang diterima
diselesaikan
/ Year / Complaints
/ Complaints
Received
Resolved
2015 4492 4492
2016 4097 4097
2017 3642 3006
2018 2985 2421
40
Kawasan Perindustrian
Industrial Areas
Sektor perindustrian merupakan antara penyumbang utama kepada pertumbuhan

ekonomi negeri Selangor. Bagi mendukung aspirasi Kerajaan Negeri Selangor
untuk meluaskan lagi sektor perindustrian di dalam negeri, PKNS sedang
memajukan plot industri dan kawasan Industri Kecil dan Sederhana (IKS) seluas
6,909.34 ekar meliputi kawasan-kawasan seperti berikut:
The industrial sector also contributes to the growth economy of the state of Selangor. The
industrial plots and Small and Medium Industries (SMI) are being developed by PKNS on
6,909.34 acres of areas, in order to uphold Selangor State Government’s targeted aim. The
affected areas are:
Daerah / District Bandar Baru / New Township Keluasan (EK) / Area (AC)
Petaling Jaya 894.89
Ampang Ulu kelang 95.02
Petaling Kelana Jaya 200.34
Shah Alam 1,620.00
Kota Damansara 239.32
Klang Bandar Sultan Suleiman 1,401.06
Hulu Langat Bandar Baru Bangi 510.93

Bernam Jaya 1,089.61
Hulu Selangor Zuhrah 336.91
Antara Gapi -
Gombak Kota Puteri 103.37
Sepang Selangor Cyber Valley 409.51
Kuala Selangor Kuala Selangor 7.80
Sabak Bernam Sabak Bernam 0.58
JUMLAH 6,909.34
Keluasan tanah industri terbesar pada tahun 2018

Largest industrial land areas in 2018
Bandar
Shah Alam Sultan Suleiman Bernam Jaya
1,620ekar/ acres
1,401.06
ekar/ acres
1,089.61
ekar/ acres
41
RM 1.7 BILION
Pelaburan Pelaburan
Dividen
Investment RM 932.4 juta
Walaupun dalam keadaan ekonomi yang

RM 366.5 juta
tidak menentu dan pasaran hartanah
yang mendatar, PKNS bijak merangka RM 151.6 Juta
strategi untuk mengukuhkan kedudukan

dan memastikan kelangsungan
dengan mencari peluang-peluang
perniagaan melalui aktiviti pelaburan
Anak Syarikat Syarikat Bersekutu
menerusi 12 Anak Syarikat dan 14 Subsidiaries (Associated Companies)
Syarikat Bersekutu yang masih aktif.
Sehingga 2018, PKNS telah melabur Secara keseluruhannya, bagi tempoh

sejumlah RM1.7 bilion dalam aktiviti sehingga 2018, PKNS telah melabur
Anak-anak Syarikat dengan pulangan sejumlah RM1.9 bilion menerusi Anak
dividen terkumpul sejumlah RM366.5 Syarikat dan Syarikat Bersekutu dengan
juta. pulangan dividen sejumlah RM1.3
bilion.
Manakala, bagi aktiviti pelaburan
menerusi Syarikat-syarikat Bersekutu Berikut adalah 12 Anak Syarikat dan
bagi tempoh yang sama, PKNS telah 14 Syarikat Bersekutu yang telah
melabur sejumlah RM151.6 juta dengan menyumbang kepada
pulangan dividen terkumpul sejumlah pulangan dividen bagi pelaburan jangka
RM932.4 juta. panjang yang ditetapkan:
Syarikat-Syarikat Bersekutu / Despite the uncertain economic conditions

Anak-Anak Syarikat / Subsidiaries as well as sluggish property market, PKNS
(Associated Companies)
wisely devise a strategy to strengthen its
PKNS Engineering & Construction Berhad Kundang Properties Sdn. Bhd. position and ensure its sustainability by
searching business opportunities by investing
De Palma Management Services Sdn. Bhd. Ligamas Sdn. Bhd.
through their twelve (12) currently active
Selangor Industrial Corporation Sdn. Bhd. PKNS – LFD Sdn. Bhd. Subsidiaries and fourteen (14) Associated
Companies.
SACC Convec Sdn. Bhd. Bangi Resort & Dev. Corp. Sdn. Bhd.
As at 2018, PKNS has invested a total of RM1.7
Selgate Corporation Sdn. Bhd. Sunway PKNS Sdn. Bhd. billion with a return of RM366.5 million in
accumulated dividends via their Subsidiaries.
Datumcorp International Sdn. Bhd. Selangor Polo Sdn. Bhd.
Akademi PKNS Sdn. Bhd. Selangor Country Club Sdn. Bhd. Meanwhile for investments via Associated
Companies for the same duration, PKNS
PKNS Real Estate Sdn. Bhd. Kesas Holding Bhd. has invested a total of RM151.6 million with
a return of RM932.4 million in accumulated
PI Brilliant Berhad Tropicana Indah Sdn. Bhd. dividends.
Selaman Sdn. Bhd. GLM Emerald (Sepang) Sdn. Bhd.
Overall, for 2018, PKNS has invested a total of
Worldwide Holdings Berhad Must Ehsan Development Sdn. Bhd. RM1.9 billion through their Subsidiaries and
Associated Companies with a return of RM1.3
Kelana Property Development Sdn. Bhd. Al-Kauthar Resources Sdn. Bhd. billion in accumulated dividends.
Icon-futurhome Sdn. Bhd. The followings are the 12 Subsidiaries
Mutawwif Training & Consultancy Sdn. Bhd.
and 14 Associated Companies which have
contributed in the dividend returns of said
investments:
42
Prestasi Kewangan
Financial Performance
PKNS DAN KUMPULAN RM1,997.5 juta pelaburan dan

RM490.3 juta lain-lain harta. Manakala
Secara keseluruhan, PKNS dan keuntungan terkumpul PKNS pula
Kumpulan telah mencatatkan adalah berjumlah RM5,039.2 juta.
pendapatan berjumlah RM1,458.8 juta
dan keuntungan sebelum cukai dan PKNS AND GROUPS
zakat berjumlah RM340.6 juta pada
tahun 2018, berbanding pendapatan As a whole, PKNS and its Groups Companies
RM1,108.3 juta dan keuntungan sebelum have recorded overall total revenue of
cukai dan zakat berjumlah RM136.6 RM1,458.8 million and profit before tax and
juta pada tahun 2017. Pendapatan yang zakat amounting of RM340.6 million in the
diterima bagi tahun 2018 adalah year 2018, as compared to the revenue of
hasil daripada sektor Pembangunan RM1,108.3 and profit before tax and zakat
Hartanah yang mana merupakan of RM136.6 in 2017. The revenue received
penyumbang utama kepada pendapatan
in 2018 was gained from the earnings of
PKNS dan Kumpulan, disamping juga
Property Development sector, which is the
pendapatan daripada sektor
major contributor to PKNS and its Groups
Kesihatan dan Alam Sekitar. Manakala,
keuntungan sebelum cukai dan zakat
revenue, as well as earnings from Health
yang dicatatkan adalah daripada sektor and Environmental sector. Whereas, pre-tax
Pembangunan Hartanah dan Pegangan profit and zakat profit was contributed by the
Pelaburan menerusi penerimaan Property Development sector and Investment
dividen. Sehingga 31 Disember 2018 Holding sector, through dividends received
PKNS dan Kumpulan mempunyai harta from said investments.
berjumlah RM9,132.0 juta dan
keuntungan terkumpul PKNS dan PKNS
Kumpulan ialah RM6,133.1 juta.
As a whole, PKNS have recorded overall
PKNS total revenue of RM626.6 million and profit
before tax and zakat amounting of RM111.0
Secara keseluruhan PKNS telah million in the year 2018, as compared to the
mencatatkan pendapatan berjumlah revenue of RM624.4 million and profit before
RM626.6 juta dan keuntungan sebelum tax and zakat of RM116.0 million in 2017.
cukai dan zakat berjumlah RM111.0 The increased profits received in 2018 was
juta pada tahun 2018, berbanding mainly due to the PKNS operating income
pendapatan RM624.4 juta dan gained through sales of buildings and leasing
keuntungan sebelum cukai dan zakat
of lands, as well as non-operating income
berjumlah RM116.0 juta pada tahun
gained through dividends received and
2017. Pendapatan yang tinggi pada tahun
various other incomes. Meanwhile, the profits
2018 adalah hasil daripada penerimaan
pendapatan operasi PKNS iaitu jualan
before tax and zakat received was mainly
bangunan dan pajakan tanah, disamping due to the increased profits received from
pendapatan bukan operasi menerusi PKNS operating income as compared to the
penerimaan dividen dan pelbagai profits gained from non-operating income.
pendapatan. Manakala keuntungan As of 31 December 2018, PKNS assets stood
sebelum cukai dan zakat yang diterima at RM6,896.8 million which comprised of
adalah hasil daripada keuntungan RM3,978.7 million current assets, RM197.9
operasi PKNS yang tinggi berbanding million fixed assets, RM232.3 million property
keuntungan bukan operasi. Sehingga 31 investment, RM1,997.5 million investment
Disember 2018, PKNS mempunyai and RM490.3 million other own properties.
harta berjumlah RM6,896.8 juta yang Meanwhile PKNS’ accumulated profit stood
terdiri daripada RM3,978.7 juta harta at RM5,039.2 million.
semasa, RM197.9 juta harta tetap,
RM232.3 juta pelaburan hartanah,
43
Keuntungan Operasi (juta)

Operating Profit (million)
PKNS Kumpulan / Group
Keuntungan Sebelum Cukai & Zakat (juta)

Profit Before Taz & Zakat (million)
PKNS Kumpulan / Group
44
Jumlah Aset PKNS (RM)

sehingga 31 Disember 2018 /
PKNS' Total Assets (RM)
as at 31 December 2018
RM6,896.8
RM3,978.7 RM197.9 RM232.3 RM1,997.5 RM490.3

juta juta juta juta juta
Harta Harta Pelaburan Pelaburan Lain-lain

Semasa Tetap Hartanah Investment Harta
Current Assets Fixed Assets Property Invetment Others
Jumlah keuntungan terkumpul

sehingga 31 Disember 2018 /
Accumulated profit till
December 31st, 2018
RM5,039.2 RM6,133.1
juta juta
PKNS PKNS dan

Kumpulan
PKNS and Groups
45
Pembangunan Usahawan
Entrepreneurial Development
Selain daripada teras perniagaan di Program Jaringan
dalam sektor hartanah dan pelaburan 1. Penyewaan Ruang Pejabat Serba
menerusi Anak-anak Syarikat, PKNS Lengkap (VIO by PKNS)
juga memainkan yang proaktif di dalam 2. Ahli PKNS BizPoint (Program
pembangunan usahawan di Selangor Jaringan Data Usahawan)
sejak tahun 1995 melalui penubuhan 3. PKNS Biz Club
Sekretariat Masyarakat Perdagangan 4. Penyewaan Bilik Seminar
dan Perindustrian Bumiputera (MPPB).
Bahagian Pembangunan Usahawan Kumpulan sasar yang terlibat dengan
(BPU) ditubuhkan untuk melaksanakan program-program di atas ialah:
segala dasar, strategi dan program 1. Pengilang Bahan Binaan
MPPB di PKNS meliputi aspek 2. Sub Kontraktor Bumiputera
penyelidikan, pembangunan, khidmat 3. Peniaga-peniaga retail
nasihat, latihan dan pemantauan setiap 4. Bakal usahawan
program MPPB. 5. Usahawan siswazah
6. Pelajar-pelajar sekolah menengah
DASAR dan rendah
Membina masyarakat usahawan PROGRAM TUNAS NIAGA (PROTUNe)

Bumiputera melalui pembudayaan,
pembangunan, pemantapan dan jaringan PROTUNe yang dahulunya dikenali
usahawan. sebagai Program Usahawan Muda
bertujuan membentuk dan memupuk
OBJEKTIF budaya keusahawan dalam kalangan
pelajar sekolah menengah agar mereka
Mempertingkatkan keberkesanan mempunyai pengetahuan asas dalam
perlaksanaan program keusahawanan memulakan dan melaksanakan
bertujuan mewujudkan Masyarakat perniagaan. Pada tahun 2018, sebanyak
Perdagangan Dan Perindustrian 49 buah sekolah menengah dari
Bumiputera yang berdaya maju, berdaya seluruh pelusuk Selangor terlibat
saing dan berdaya tahan. Pelbagai dalam program ini dengan menubuhkan
program pembangunan usahawan telah syarikat bertaraf Sendirian Berhad.
dirangka dan dilaksanakan oleh PKNS
seperti berikut: PROGRAM USAHAWAN SISWAZAH
(GROW)
Program Pembudayaan
1. Program Perintis Usahawan (PPU) Bertujuan membangun dan membimbing
2. Program Tunas Niaga (PROTUNe) siswazah yang berpotensi untuk menjadi
3. Program Usahawan Mahasiswa usahawan. Mereka akan dibimbing dari
PKNS segi membuat perancangan perniagaan,
4. Program Usahawan Siswazah PKNS mengurus kewangan, kaedah-kaedah
(GROW) pemasaran di samping pemantauan
5. Akademi Pembangunan Usahawan sasaran jualan secara mingguan, bulanan
PKNS sehingga tamat program selama enam
bulan. Sehingga tahun 2018, seramai
303 peserta telah pun mengikuti
Program Pemantapan
program ini dengan jumlah hasil jualan
1. Vendor Inkubator Payung (VIP)
keseluruhan syarikat sebanyak RM 19
PKNS juta.
2. Sub Kontraktor Bumiputera (SKB)
PKNS
Program Pembangunan
1. Penyewaan Ruang Niaga Di
Kompleks Beli Belah Swasta
2. Program Pemantapan 5 Usahawan
(5U)
46
Jualan Kasar / Gross Sales Jualan Kasar / Gross Sales
RM 17,995,832.96 RM2,262,685.72
2009
sehingga / until 2018
2017
Besides having property sector and

investments through PKNS’ subsidiaries as
the core business, PKNS is also proactive in
the development of entrepreneur in Selangor
since 1995 through the establishment of Untung Bersih / Net Profit Untung Bersih / Net Profit
Bumiputera Commercial and Industrial
Community (BCIC). The Entrepreneurial RM 4,939,634.94 RM 645,307.85
Development Division (BPU) was established
to implement all BCIC’S policies, strategies Jumlah jualan kasar dan untung bersih dari Program Tunas Niaga (PROTUNE)
Total of gross salesand net profit form Tunas Niaga Programme (PROTUNE)
and programmes in PKNS that covers
the aspect of education, development,
273
advisory, training and monitoring all BCIC
programmes. Bilangan Peserta
2009
The number of participants
BASIC FUNDAMENTALS sehingga / until
2017
248
The development of Bumiputera Bilangan yang menjadi usahawan
entrepreneurship community by inculcating The number of programme
participants who became entrepreneurs
entrepreneurial aspects of enculturation,
development, reinforcement of programmes .........................................................................................................................
and network establishment for entrepreneur.
OBJECTIVES
30 Bilangan Peserta
The number of participants
To enhance the effectiveness of

2018
30
entrepreneurship programmes in order
to instil the Bumiputera Commercial Bilangan yang menjadi usahawan
The number of programme
and Industrial Community that is viable, participants who became entrepreneurs
competitive and resilient. Various
entrepreneurship programmes has been
outlined and implemented by PKNS as Bilangan peserta program dan peserta yang menjadi usahawan
follows: The number of programme participants who became entrepreneurs
Inculcating Entrepreneurship Culture The Networking Programmes entrepreneurship culture amongst secondary
1. The Entrepreneurship Pioneer 1. Rental of Office Space school students so that they
Programme (PPU) 2. BizPoint Members of PKNS have the basic knowledge into starting
2. The Tunas Niaga Programme (PROTUNe) (Entrepreneur Data Network their own business. In 2018, there were 49
3. The University Students Programme) secondary schools across Selangor involved
Entrepreneurship Programme of PKNS 3. Entrepreneur Network of Biz Club in this programme to establish their own
4. The Graduates Entrepreneurship 4. Rental of Seminar Rooms company with the status of Limited Company
Programme (GROW) (SDN. BHD.).
5. The Academy of Entrepreneurship The Targeted Groups of Abovementioned
Development PKNS Programmes are THE GRADUATES ENTREPRENEURSHIP
1. Manufacturer of Building Materials PROGRAMME (GROW)
The Reinforcement Programmes 2. Bumiputera Sub – Contractors
1. PKNS’ Umbrella of Incubator Vendors 3. Retail Traders The programme aspires to develop and guide
(VIP) 4. Potential Entrepreneurs potential entrepreneur among the graduates.
2. The Bumiputera Sub- Contractors of 5. Graduate Entrepreneurs They will be guided in the aspect of business
PKNS (SKB) 6. Primary and Secondary School Students planning, financial management, marketing
skills and methods as well as monitoring
The Development Programmes THE TUNAS NIAGA PROGRAMME (PROTUNe) the weekly and monthly sales target for the
1. Rental of Commercial Space at Private six months programme completion. As of
Shopping Complexes PROTUne which was previously known 2018, there were 303 participants that went
2. The Reinforcement of 5 Entrepreneurs as Young Entrepreneur Programme, through the programme with the total sales
Programme (5U). aims at moulding and cultivating the revenue of the companies at RM19 million.
47
Inisiatif Program Integriti

The Programmes of the Integrity Initiatives
Perbadanan Kemajuan Negeri Selangor jemputan untuk memberi taklimat

(PKNS), agensi pembangunan hartanah berkenaan PKNS Best Practices dalam
dibawah Kerajaan Negeri Selangor melaksanakan Sistem Integriti Korporat
bertanggungjawab dalam memastikan (CIS). Antara agensi yang terlibat
pengagihan ekonomi yang adil dan adalah Universiti Sains Malaysia (USM),
pertumbuhan sosio-ekonomi melalui PROTON, Top Glove Corporation
pelaksanaan dasar-dasar kerajaan dalam Berhad, Yayasan Pahang, Pejabat
mewujudkan kestabilan, keharmonian Daerah & Tanah Hulu Selangor,
dan keadilan sosial. PKNS terus komited Kementerian Kesihatan Malaysia, Top
dalam memastikan pemerkasaan Glove Sdn Bhd, MIMOS Berhad, Komisi
Integriti dan Tadbir Urus Korporat Pemberantas Korupsi (KPK) Indonesia
diamalkan bagi membentuk budaya dan Transperancy International
kerja berprestasi tinggi dalam kalangan Indonesia (TI-I).
warga kerja, sekaligus menyumbang ke
arah kecemerlangan prestasi PKNS. Bagi merapatkan lagi hubungan
anggota IPR dan warga kerja PKNS
PKNS menyokong aspirasi kerajaan serta jalinan kerjasama bersama pihak
untuk memperkasakan Integriti berkepentingan dan orang awam secara
penjawat awam yang jujur, telus dan amnya, acara tahunan Minggu Integriti
amanah dalam menjalankan tugas, tiada PKNS 2018 telah dirasmikan oleh
konflik kepentingan, akauntabiliti serta Ketua Pegawai Operasi PKNS dan
mematuhi peraturan dan undang- turut disaksikan oleh Pengarah SPRM
undang. Seterusnya meningkatkan Selangor semasa majlis pelancaran di
Tadbir Urus Korporat PKNS demi Kompleks PKNS Shah Alam. Program ini
memberikan perkhidmatan terbaik berlangsung dari 03 hingga 08 Mei
kepada rakyat, serta mencegah 2018. Pelbagai aktiviti berteraskan
perlanggaran salahlaku, tatalaku, dan kesedaran dan pembudayaan integriti
etika kerja. PKNS menerusi Bahagian telah diadakan antaranya lawatan ke Ibu
Integriti & Pengurusan Risiko (IPR) Pejabat Suruhanjaya
komited melaksanakan Sistem Integriti
Korporat (Corporate Integrity System) Pencegahan Rasuah Malaysia (SPRM)
PKNS melalui inisiatif/program integriti di Putrajaya, Kempen 3J - Gerah
yang berimpak tinggi. Fokus dan sasaran SPRM dan Integrity Wellness Program
meliputi anggota dan pihak ketiga yang bersama orang awam.
berurusan dengan PKNS.
Bahagian IPR bersama Institut Integriti
Jalinan kerjasama dengan agensi Malaysia (INTEGRITI) telah mengadakan
kerajaan seperti Suruhanjaya sesi perbincangan meja bulat bertajuk
Pencegahan Rasuah Malaysia (SPRM), “Polisi Hadiah & Hospitaliti dalam
Akademi SPRM (MACA) dan INTEGRITI Memperkasakan Integriti & Tadbir
turut dipertingkat melalui penganjuran Urus Terbaik” dihadiri oleh wakil
aktiviti integriti dan sesi perkongsian Anak Syarikat, Jabatan dan agensi di
pintar (smart partnership). PKNS bawah pentadbiran Pejabat Setiausaha
seringkali menjadi penanda aras Kerajaan Negeri Selangor, dan
(benchmark) dan rujukan agensi awam SPRM untuk berkongsi pengalaman
dan swasta sebagai agen pelaksana melaksanakan polisi hadiah dan
inisiatif dan aktiviti pencegahan rasuah hospitaliti di organisasi masing-masing.
di Malaysia. Pada tahun 2018, PKNS
menerima kunjungan dan lawatan kerja
dari pelbagai agensi dan organisasi dari
dalam dan luar Negara serta menerima
48
PKNS terus komited dalam memastikan pemerkasaan

Integriti dan Tadbir Urus Korporat diamalkan bagi
membentuk budaya kerja berprestasi tinggi dalam
kalangan warga kerja, sekaligus menyumbang ke arah
kecemerlangan prestasi PKNS.
Bahagian IPR dengan kerjasama Perniagaan dan Bengkel Dokumen

Akademi PKNS Sdn Bhd turut Pelan Kesinambungan Perniagaan telah
menganjurkan Konvensyen Integriti diadakan pada bulan Mei sehingga Julai
PKNS kali ke-5 dengan tajuk 2018 kepada wakil setiap Bahagian di
“Pemerkasaan Integriti & Tadbir Urus PKNS. Melalui taklimat dan bengkel
Korporat Terbaik” dan disokong Pejabat tersebut sebanyak 52 dokumen Pelan
Setiausaha Kerajaan Negeri Selangor, Kesinambungan perniagaan telah
SPRM, INTEGRITI dan Transparency berjaya disiapkan yang merangkumi
International Malaysia (TI-M) pada keseluruhan Bahagian PKNS. Dokumen
28 Ogos, bertempat di SACC tersebut merupakan garis panduan
Convention Centre. Pelbagai kepada Penyelaras PKP semasa
perkongsian disampaikan oleh panel- bencana / gangguan operasi.
panel yang merupakan profesional
di dalam pelbagai bidang mengupas
isu-isu semasa rasuah dan integriti,
penambahbaikan berterusan tadbir
urus korporat dalam sektor awam dan
swasta serta turut membincangkan
impak amalan rasuah di Malaysia dari
perspektif ekonomi, masyarakat atau
sosial, pembangunan dan belanjawan
termasuk pelaburan negara.
Bahagian IPR juga bertanggungjawab

mengenal pasti, menilai dan mengurus
risiko-risiko utama yang dihadapi
oleh PKNS dalam mencapai dasar
dan objektif PKNS. Jawatankuasa
Pengurusan Risiko (JPR) telah
ditubuhkan bagi tujuan penilaian risiko
ke atas kertas kerja yang dibawa ke
Mesyuarat Pengurusan PKNS
berdasarkan kriteria pelaburan
kewangan dan sumbangan
penswastaan melebihi
RM10,000,000.00. Selain itu,
Mesyuarat JPR juga membincangkan
risiko semasa dan strategi mitigasi
bagi kawalan yang dicadangkan untuk
menjamin kepentingan PKNS dilindungi.
Pada tahun 2018 Bahagian IPR telah

melaksanakan Program Pengurusan
Kesinambungan Perniagaan (PKP)
bagi memastikan kesinambungan
fungsi dan aktiviti perniagaan
kritikal PKNS diteruskan dalam
tempoh masa yang ditetapkan dan
meminimumkan kos kerosakan dan
gangguan akibat bencana. Taklimat
kesedaran Pengurusan Kesinambungan
49
Selangor State Development Corporation public and private agencies as the agent to
(PKNS), a property development agency implement initiatives and anti-corruption
under the State Government of Selangor activities in Malaysia. In 2018, PKNS was
is responsible in ensuring fair economic visited by various local and international
distribution and socioeconomic growth agencies and organisation, and received the
guided by the implementation of government invitation to brief about PKNS Best Practices
policies, to embody stability, harmony in implementing Corporate Integrity System
and social equity. PKNS continuously (CIS). Some of the agencies involved were
committed in ensuring the empowerment University of Science, Malaysia (USM),
of Integrity and Corporate Governance is PROTON, Top Glove Corporation Berhad,
practiced, to create a high performance Yayasan Pahang, Hulu Selangor Land and
work cultureamong the employees, while District Office, Ministry of Health (KKM), Top
contributing to the excellence of PKNS Glove Sdn Bhd, MIMOS Berhad, Indonesia’s
performance. Corruption Eradication Commission (KPK)
and Transparency International Indonesia
PKNS upholds Government’s aspiration in (TI-I).
strengthening the Integrity of civil servants
that is honest, transparent and trustworthy To further strengthen the bond between
in carrying out their duty, with no conflicts IPR members and PKNS employees, as well
of interest, accountability and is always as develop partnership with stakeholders
compliant with the laws and regulations. and the general public, the yearly event
This further enhances PKNS Corporate ‘PKNS Integrity Week 2018’ was launched by
Governance to provide the best service to PKNS Chief Executive Officer and was also
the people, as well as preventing violations witnessed by the Director of the Selangor
of conduct, misconduct of behaviour MACC during the launch event at PKNS
and work ethic. Through Integrity and Complex Shah Alam. This programme
Risk Management Division (IPR), PKNS is ran from 3 rd to 8 th of May, 2018. Various
committed to implement the PKNS Corporate awareness-raising and integrity-based
Integrity System through high impact activities were held including visits to the
initiative and integrity programmes. The Malaysian Anti-Corruption Commission
focus and target is mainly towards third party (MACC) headquarters in Putrajaya, 3J
that deals with PKNS. Campaign – GERAH MACC and Integrity
Wellness Program together with the public.
Partnership with government agencies such
as Malaysian Anti-Corruption Commission Together the IPR Division of PKNS and The
(MACC), Malaysian Anti-Corruption Academy Malaysian Institute of Integrity (INTEGRITI)
(MACA), and INTEGRITI (The Malaysian held a roundtable discussion entitled “Gift
Institute of Integrity) is also enhanced
through the organisation of integrity
activities and smart partnership. PKNS
often is the benchmark and reference for
50
and Hospitality Policies in Empowering objectives. Risk Management Committee

Integrities and Best Governance”, was (JPR) has been established for the purpose
attended by representatives of PKNS of assessing the risk of proposal presented
subsidiaries, Departments and agencies at the PKNS management meeting based
under the administration of the Selangor on financial investment criteria and
State Secretary’s Office, and the MACC privatisation contribution exceeding RM
to share experience in implementing the RM10,000,000.00. Other than that, JPR
policies of gift giving and hospitality in Meeting also discusses current risks and
respective organisations. mitigation strategies for proposed controls to
ensure PKNS’ interests are protected.
IPR Division with the cooperation of PKNS
Academy Sdn. Bhd. also organised the In 2018, the IPR Division has implemented the
5 th PKNS Integrity Convention entitled Business Continuity Management Program
“Empowering Integrity and Best Corporate (BCM) to ensure continuity of PKNS’ critical
Governance” which was held on the 28 th of business functions and activities within a
August at SACC Convention Centre, and was set timeframe and minimizing the cost of
supported by the Selangor State Secretary’s damage and disruption due to disaster.
Office, MACC, INTEGRITI and Transparency Business Continuity Management Awareness
International Malaysia (TI-M). The panels, Briefing and Business Continuity Plan
who were professionals in various fields, Document Workshop were held from May to
shared a lot of sharing in the sessions. Some July 2018 to the representatives from each
of which are addressing current issues division at PKNS. Through these briefings
of corruption and integrity, continuous and workshops, 52 business continuity plan
improvement of corporate governance documents were successfully completed
in the public and private sectors, as well covering the whole section (division) of PKNS.
as discussing the impact of corruption in The document is the guideline to the BCM
Malaysia from an economic, social or social Coordinator during disasters or disruptions of
perspective, development and budget, operations.
including National investment.
IPR Division is also responsible identifying,

assess and manage the key risks faced
by PKNS in achieving PKNS policies and
51
52
Tanggungjawab
Sosial Korporat
Corporate Social Responsibility
53
Program Tanggungjawab Sosial Korporat

Corporate Social Responsibility Programme
Seiring dengan 54 tahun penubuhannya, 2018, PKNS telah menyalurkan lebih

PKNS bukan sahaja menjadi penggerak RM700,000 untuk kerja-kerja baik
utama kepada pembangunan fizikal pulih melibatkan lebih 30 buah rumah
di negeri Selangor, malah peranan yang dihuni oleh golongan asnaf.
yang dimainkan perbadanan ini sangat Dengan kerjasama erat daripada
penting dalam menyokong hasrat Lembaga Zakat Selangor, peruntukan
Kerajaan Negeri untuk memberdaya ini telah dimanfaatkan sepenuhnya
rakyat dan memperkasa komuniti untuk kerja-kerja pembaikan seperti
melalui inisiatif Program Tanggungjawab kebocoran atap, tandas, penggantian
Sosial Korporat (CSR) yang dilaksanakan dinding, lantai dan sebagainya.
saban tahun.
Selain itu, PKNS komited untuk
Program-program CSR PKNS di bawah membantu masyarakat dari aspek
jenama KASIH PKNS merupakan usaha pendidikan. Justeru, selepas melihat
murni yang bertujuan untuk menjamin kejayaan penubuhan Anjung PKNS di
kestabilan dan kesejahteraan rakyat Shah Alam dan Seri Perantau,
Selangor, di samping meraikan ukhwah Pelabuhan Klang, PKNS membina
antara PKNS dan badan kerajaan serta Anjung ketiga di Flat Semarak, Kota
masyarakat secara umumnya. PKNS Damansara sebagai pusat tuisyen
sebagai organisasi yang prihatin berasa anak-anak penduduk pada harga yuran
terpanggil dan bertanggungjawab untuk yang sangat rendah. Bagi tahun 2018,
berkongsi dan memberi semula PKNS terus menyalurkan dana untuk
kepada komuniti melalui inisiatif menyediakan fasiliti yang selesa dan
sosial dan kebajikan yang berterusan pengurusan untuk mengadakan kelas
kepada kumpulan sasar serta dapat tambahan. Malah, PKNS juga sedang
meningkatkan kualiti kehidupan dalam perancangan untuk membina
masyarakat bertepatan dengan maksud pusat tuisyen Anjung PKNS yang
akronim KASIH yang ingin disampaikan keempat di Bangi.
iaitu Kehidupan, Aman, Selesa, Indah
dan Harmoni. In line with its 54 years of establishment,
PKNS is not only the main driver (catalyst)
Melalui peruntukan wang zakat to the physical development in Selangor,
perniagaan dan juga peruntukan CSR, they are also the key player in upholding
PKNS telah menyalurkan rangkaian State Government’s aspiration to empower
sumbangan dan menganjurkan pelbagai the people and the community through the
program tanggungjawab sosial efektif initiatives of corporate social responsibility
yang dapat memberi kepentingan sosial programmes that are held every year.
kepada komuniti di Selangor secara
holistik. Lantaran itu, rakyat Selangor PKNS’ CSR programmes under the branding
meletakkan keyakinan dan mengiktiraf
of KASIH PKNS are some of the noble effort
Melalui peruntukan wang zakat PKNS sebagai pemaju hartanah utama
in ensuring stability and well-being of the
di Selangor yang mengutamakan
perniagaan dan juga peruntukan kesejahteraan dan kemakmuran
people of Selangor, as well as fostering closer
ties between PKNS and government bodies
CSR, PKNS telah meyalurkan negeri dan masyarakat secara
keseluruhan. Pengiktirafan ini and also the community at large.
rangkaian sumbangan dan merupakan kejayaan sebenar buat
PKNS. As an organisation that cares, PKNS feels
menganjurkan pelbagai
called upon and responsible to share and
program tanggungjawab sosial Selaku sebagai sebuah perbadanan give back to the community through social
yang berteraskan kepada perniagaan and welfare initiative continuously towards
efektif yang dapat memberi
hartanah, PKNS amat memahami target group as well as to improve their
kepentingan sosial kepada kepentingan untuk memiliki kediaman quality of life of the people in line with the
yang selamat dan selesa. Atas dasar acronym KASIH which conveys the meaning
komuniti di Selangor secara
itu, PKNS meneruskan kesinambungan of: Life, Peace, Comfort, Love and Harmony.
holistik. program baik pulih rumah golongan
asnaf di serata Selangor. Bagi tahun
54
SEGMEN UTAMA DI BAWAH PROGRAM TANGGUNGJAWAB SOSIAL KORPORAT KASIH PKNS PADA TAHUN 2018
Key Segments under the Corporate Social Responsibility Programme KASIH PKNS in 2018
Jumlah Perbelanjaan /
Segmen / Segment Objektif / Objectives Program / Programme
Total Spending
Sumbangan kepada Memberi sokongan dan komitmen • Majlis Rumah Terbuka Hari Raya
Kerajaan Negeri kepada Kerajaan Negeri dalam Aidilfitri / Hari Raya Aidifitri Open
Contribution to the merakyatkan dan membangunkan House
State Government ekonomi Negeri Selangor • Sumbangan Lembu Korban /
To provide the support and Donation of Cows for Sacrifice
commitment to the State Government • Tajaan Piala Sultan Selangor /
in strengthening and developing the Sponsorship of the Selangor Sultan Cup
• Tabung Pendidikan Anak- anak
Selangor State economy
Syarikat Selangor / Selangor
Subsidiary Education Fund 7,054,526.52
• Tabung Program Tahfiz Al-
Quran dan Al-Qiraat KUIS /
KUIS Tahfiz Al-Quran and Al- Qiraat
Programme Fund
• Sambutan Tahun Baru Cina
Peringkat Negeri Selangor /
Chinese New Year Celebration at a
Selangor State Level
• Sumbangan kepada IJN /
Contribution to IJN
Pembangunan Sukan / Mempromosi aktiviti dan

Sports Development pelancongan sukan bagi negeri • PKNS FC 22,913,000.00
Selangor / Promoting sports activities
and tourism for the state of Selangor
Komuniti dan Menghulurkan bantuan korporat • Bantuan Penerimaan Rumah

Kebajikan Sosial / sosial kepada masyarakat umum MampuMilik / Fund for Affordable 55,362,884.42
Community and tanpa mengira kaum dan fahaman Homes
Social Welfare agama. Mengagih semula wang • Rumah Puteri Arafiah / Puteri
diperuntukkan kepada golongan Arafiah Home for Girls’ Shelter
asnaf. / Providing corporate social • Sumbangan dan Derma /
responsibility to the general public Contributions and donations
regardless of racial group and religion.
Redistribution of PKNS zakat money
that has been allocated to the asnaf.
Pendidikan / Education Memastikan inisiatif pembelajaran • Anjung PKNS Shah Alam / PKNS
dan akademik dilaksanakan secara Anjung Shah Alam (Tuition centre) 132,417.75
berterusan bagi meningkatkan • Anjung PKNS Kota Damansara /
taraf pendidikan masyarakat / PKNS Anjung Kota Damansara (Tuition
To ensure that educational and Centre)
academic initiatives are continuously
implemented to improve the quality of
the education of the community
Through the provision of business zakat as As an organisation with property Other than that, PKNS is committed
well as CSR allocation, PKNS has launched development as its core values, PKNS to help the people from the aspect of
a network of donations and host various understands the importance of having a education. Therefore, after the success of
effective social responsibility programmes home that is safe and comfortable. On this the establishment of ‘PKNS Anjung’ in Shah
that can serve the community in Selangor basis, PKNS continued to rehabilitate the Alam and Seri Perantau, Port Klang, PKNS
holistically. As such, the people of Selangor homes of the poor and the Asnaf group built a third ‘Anjung’ in Semarak Flat, Kota
have placed their confidence and recognised around Selangor. In 2018, PKNS has donated Damansara as a tuition centre for children at
PKNS as the leading property developer in more than RM700,000 for rehabilitation work a very low cost. In 2018, PKNS continues to
Selangor who prioritises the well-being and that involved more than 30 homes Asnaf’s provide funds to provide convenient facilities
prosperity of the state and society as a whole. homes. In close cooperation with Selangor and management for the extra classes.
This recognition is the real success for PKNS. Zakat Board (Lembaga Zakat Selangor), this Furthermore, PKNS is also planning to build
provision has been fully utilised for repairs the fourth PKNS Anjung tuition centre in
such as roof leaks, toilets, wall replacement, Bangi.
floors and so on.
55
Majlis Penyerahan Baik pulih Rumah Asnaf Lembaga Zakat Selangor

Majlis Penyerahan Kunci KAFA Integrasi Taman Desa Kemandul, Kuala Langat
Oleh PKNS Melalui Program Kasihku Zakat Selangor
The Key Handover Ceremony of KAFA Integrated Taman Desa Kemandul, Kuala Langat
The Contribution Ceremony of Lembaga Zakat Selangor Home
Rehabilitation of Asnaf by PKNS Through the Kasihku Zakat Selangor Programme
Majlis Penyerahan Sumbangan Kepada Tabung Kebajikan Perubatan Malaysia (TKPM)

The Contribution Ceremony to the Malaysian Medical Welfare Fund (TKPM)
Majlis Sumbangan Kepada Asnaf Muallaf (MAIS)

The Contribution Ceremony to the Asnaf Muallaf
Sumbangan Kepada Yayasan Sofa Negeri Sembilan

The Contribution Ceremony to the Negeri Sembilan Sofa Foundation
56
Majlis Sumbangan Serahan 100 Naskah Al Quran Kepada Yayasan Dana Kebajikan Muslim Malaysia
The Contribution Ceremony of 100 Al-Quran to the Malaysian Mulsim Welfare Fund Foundation
Sumbangan Alat Pembesar Suara Mudah Alih Kepada Sekolah Rendah Agama Jais
The Loudspeaker System Contribution to Sekolah Rendah Agama Jais
Penyerahan Sumbangan 10 Set Kerusi Berangkai Kepada Balai Polis, Seksyen 8, Shah Alam
The Contribution Ceremony of 10 Sets of Linking Chairs to the Police Station of Section 8, Shah Alam
Program Baik Pulih Rumah Dan Penyampaian Sumbangan Bantuan Sekolah (LZS)
The Home Rehabilitation Programme and School Assistance Contribution Ceremony
57
Pembangunan Modal Insan

Human Capital Development
Setiap anggota PKNS menjadi nadi • Perubatan

penggerak yang membawa PKNS ke
arah kejayaan dan kegemilangan. Atas PKNS memberi kemudahan
dasar ini, PKNS komited dalam untuk tanggungan kos perubatan untuk
memperkasakan pengurusan bakat anggota dan pesara beserta
dan modal insan warga kerja secara tanggungan mendapatkan rawatan
komprehensif mengikut bidang masing- di klinik dan hospital swasta.
masing meliputi pentadbiran, kewangan Sehingga Disember 2018, PKNS
dan teknikal. telah membelanjakan sejumlah
1,045
RM16.639 juta bagi membiayai kos
Antara pelaburan signifikan dalam rawatan dan perubatan.
pembangunan modal insan di PKNS
Anggota PKNS / PKNS Members ialah pelaburan yang menekankan • Tabung Pendidikan Anak Syarikat
kualiti bakat dan kebolehpasaran Dan Badan Berkanun Kerajaan
pekerja agar dapat melahirkan anggota Negeri Selangor (TPASBB)
yang komited, produktif dan berdaya
4 saing.
Sehingga Disember 2018, seramai

Bagi membudayakan pengajian
dan pembelajaran sepanjang
hayat, PKNS telah memperuntukan
JUSA
1,045 orang anggota PKNS yang terdiri dana berjumlah RM5 juta untuk
daripada 4 orang di peringkat JUSA dan TPASBB bagi memberi peluang
148 orang anggota daripada Kumpulan kepada anggota serta anak anggota
Pengurusan dan Profesional. Manakala, melanjutkan pengajian ke peringkat
148
291 orang anggota ialah daripada yang lebih tinggi selaras dengan
kumpulan B, diikuti oleh 406 orang hasrat PKNS untuk menjadikan
Pengurusan anggota daripada kumpulan C dan 196 anggotanya berpengetahuan dan
& Professional orang anggota daripada kumpulan D. berpendidikan. Dari tahun 2013
sehingga Disember 2018, secara
PKNS mempersiapkan anggota dengan keseluruhan PKNS telah membiayai
pelbagai program serta latihan yang pengajian untuk 29 orang anggota
holistik bagi anggota PKNS mencakupi di peringkat Sijil, Diploma,
bidang pentadbiran, teknikal dan Sarjana Muda, Sarjana dan Kursus
291
Kumpulan B
kewangan bagi meningkatkan mutu
perkhidmatan kepada organisasi.
Profesional. Manakala, seramai
102 orang anak anggota menerima
Pelaksanaan program latihan PKNS penajaan untuk pengajian di
terbahagi kepada empat kategori iaitu: peringkat Diploma dan Sarjana
Muda dengan jumlah keseluruhan
• Program Latihan Dalaman pembiayaan sebanyak RM4.2 juta.
• Program Latihan Luaran
406
• Program Latihan Industri PEMENTORAN
• Program Pembelajaran Berterusan
Kumpulan C Program pementoran di PKNS
PKNS telah membelanjakan sebanyak merupakan pendekatan untuk memberi
RM2.0 juta iaitu 76.9% daripada bimbingan, sokongan dan bantuan
peruntukan untuk pelaksanaan program dengan menerapkan elemen psikologi
Latihan bagi Pembangunan Modal Insan. dan kaunseling secara profesional yang
diberikan oleh mentor kepada menti
196
Kumpulan D
Pelbagai bentuk insentif, kemudahan
dan anugerah yang diberikan untuk
anggota yang masih berkhidmat dan
dengan pelantikan seramai 41 orang
mentor dan 66 orang menti bagi tahun
2018. Semua mentor dan menti telah
para pesara agar pembangunan modal dipilih daripada pelbagai peringkat
insan yang dirangka seiring dengan jawatan sama ada anggota lantikan
keperluan semasa. Diantara baru atau anggota yang baru dinaikkan
kemudahan-kemudahan yang disediakan pangkat serta berpotensi dalam
adalah seperti berikut; pengembangan kerjaya dan sahsiah.
58
PKNS membiayai seramai

PKNS sponsored
Modul pementoran yang ditengahkan

RM 5 JUTA 29
anggota PKNS
102
anak anggota PKNS
adalah khusus bagi meningkatkan Dana Pendidikan TPASBB of their of their employees
employees children
kompetensi anggota dari aspek for the TPASBB fund
profesional, budaya, peribadi, sosial dan
juga kewangan. Pemberian Anugerah
Pementoran telah diwujudkan sebagai
mengiktiraf Mentor Terbaik, Menti PKNS has provided various holistic in total of 29 employees for their
Terbaik dan Pasangan Mentor Menti programmes and training for PKNS members Certificate, Diploma, Bachelor Degree,
Terbaik sejak tahun 2015, di mana that cover the field of administrative, Master Degree and Professional Courses.
pemenang anugerah akan mewakili technical and financial to improve and While, 102 employees’ children received
PKNS di peringkat negeri dan enhance service quality to the organisation. sponsorship to pursue their Diploma
kebangsaan. Pemenang Anugerah The implementation of the PKNS training and Bachelor Degree with a total
Pementoran PKNS untuk tahun 2018 programmes comprosed of four (4 categories: sponsorship amount of RM4.2 million.
adalah seperti berikut:
• Internal Training Programme MENTORING
1. Anugerah Mentor Terbaik • External Training Programme
Puan Jamaliah binti Mohd Tahir • Industrial Training Programme In 2018, the mentoring programme at PKNS
(Bahagian Struktur) saw an appointment of 41 mentors and 66
• Continuous Training Programme
mentees, is actually a noble approach
2. Anugerah Menti Terbaik
PKNS has spent a total of RM2.0 million, whereby mentors will provide guidance,
Puan Norhidayah binti Yusof
which 76.9% was allocated for the support and assistance to their respective
(Bahagian Kewangan Unit Hasil
Wilayah Utara) implementation of the Human Capital mentees by incorporating professional
Development Training programmes. psychological and counselling elements.
3. Pasangan Mentor dan Menti Terbaik
Puan Jamaliah binti Mohd Tahir Various incentives, facilities and awards are All mentors and mentees have been selected
(Bahagian Struktur) dan provided for the remaining members and from various positions whether they are new
Puan Norhidayah binti Yusof retirees to develop their human capital so it or newly promoted with potential career
(Bahagian Kewangan Unit Hasil is in line with the current needs. Some of the development and personality. The modules
Wilayah Utara) facilities provided are as follows; are dedicated to improve the competency of
employees’ professional, cultural, personal,
• Medical social and financial skills.
Each PKNS employee is the driving force
behind PKNS’ success and glory. On this Since 2015, The Mentoring Awards giving
PKNS provides medical coverage for
basis, PKNS is committed to empowering have been realised in recognition of The Best
their employees and retirees with
the comprehensive management of talent Mentor, The Best Mentee and The Best Mentor
dependents who seektreatment in
and human capital of its employee within & Mentee, where the award winners will
private clinics and hospitals. As of
their own areas of expertise such as represent PKNS at the state and national
December 2018, PKNS has spent a total
administration, finance and technical. level. The winners of the PKNS Mentoring
of RM16.639 million to finance for the
said medical expenses. Awards for 2018 are as follows:
Some of the significant investments in
human capital development at PKNS are 1. Best Mentor Award
• The Education Fund of Tabung
the investments that emphasises on the Puan Jamaliah binti Mohd Tahir
Pendidikan Anak Syarikat Dan Badan
talent qualities and marketability of their (Structural Division)\
Berkanun Kerajaan Negeri Selangor
employees, in order to produce committed,
(TPASBB)
productive and competitive workforce. 2. Best Mentee Award
To foster continuous and life-long Puan Norhidayah binti Yusof
As of December 2018, there were a (Financial Revenue Unit of Northern
learning culture, PKNS has allocated
total of 1,045 PKNS members, which Territory Division)
an amount of RM 5 million for the fund
comprised of 4 JUSA and 148 members
of TPASBB, to provide the opportunity
from the Management and Professional 3. The Best Mentor and Mentee
for the employees and their children
GroupMeanwhile, 291 members were from Puan Jamaliah binti Mohd Tahir
to further their studies to a higher
group B, followed by 406 members from (Structural Division) dan
education level, in line with PKNS’ aim
group C and 196 members from group D. Puan Norhidayah binti Yusof
to produce learned and well-educated
workforce. From the year 2013 to (Financial Revenue Unit of Northern
December 2018, PKNS has sponsored Territory Division)
59
Aktiviti
Sukan dan
SATU TEGUH R A I R O BO H
BER RCE
BE
Persatuan KESATUAN PEKERJA-PEKERJA PKNS KOPERASI PKNS BHD
Ditubuhkan / Established : 1980 Ditubuhkan / Established : 1972

Sport and Presiden / President :
Encik Azhar bin Abdul Shukor
Presiden / President :
Tuan Haji Ishak bin Hashim
Association Antara aktiviti Kesatuan adalah seperti Antara aktiviti Koperasi PKNS Bhd
berikut: adalah seperti berikut:
Activities Some of the Union Club’s activities are as follows: Some of the PKNS Koperasi Bhd’s organised
activities are as follows:
• Lawatan Pendidikan Ke Pusat
Menyelamat Hidupan Liar • Perbincangan ALK Bersama
Kebangsaan / Educational Visit to the Wakil Pusat Penyelidikan dan
National Wildlife Rescue Centre Konsultasi MKM / ALK Discussions
• Bengkel Dometic Inquiry (DI) with Representatives of MKM Research and
Kursus Pengendalian Disiplin Consultation Centre
Pekerja dan Siasatan Dalaman / • Perbincangan ALK Bersama
Workshop on Domestic Inquiry (DI) Penolong Pengarah Wilayah
Disciplinary Handling and Internal Petaling/Shah Alam / ALK Discussions
Investigation Course with Assistant Director of Petaling / Shah
• Sambutan Hari Pekerja 1 Mei / Alam Region
Labour Day Celebration 1 st May • Lawatan ke Daza Hall / Visit to Daza
• Seminar Hari Wanita Sedunia 2018 / Hall
2018 International Women’s Day Seminar • Majlis Iftar Koperasi Bersama ALK
• Jamuan Hari Raya Ibu Pejabat PKNS dan kakitangan / Koperasi with ALK and
/ PKNS Headquarters’ Hari Raya Feast Staff Iftar Ceremony
• Mesyuarat Agung Tri Tahunan • Mesyuarat Agung Tahunan Koperasi
Kesatuan Pekerja-Pekerja Kali Ke- PKNS Bhd Kali ke-42 / Koperasi PKNS
19 / The 19th Annual General Meeting of the Bhd 42nd Annual General Meeting
Union of Workers • Lawatan Tapak Untuk Pemasangan
billboard di Kota Damansara /
Site Visit for Billboard Installation in Kota
Damansara
• Majlis Edaran Bubur Lambuk di
Kompleks PKNS Shah Alam / The
Distribution of “Bubur Lambuk” Ceremony at
PKNS Complex Shah Alam
• Penyerahan Permit Perniagaan
Bazar Ramadhan / Submission of
Ramadhan Bazaar Business Permit
• Majlis MoU Antara Koperasi &
Eiman Travel Agency / The MoU
Ceremony between Koperasi and Eiman
Travel Agency
Seminar Hari Wanita Sedunia 2018 Majlis MOU antara Koperasi & Eiman Travel Agency
2018 International Women’s Day Seminar pada 24 April 2018
The MoU Ceremony between Koperasi and Eiman Travel Agency
60
BADAN ISLAM PKNS
PERSATUAN KEBAJIKAN PEKERJA- PERSATUAN PEGAWAI KANAN (SOA) BADAN ISLAM

PEKERJA (PKP)
Ditubuhkan / Established : 1966 Presiden / President : Presiden / President :
Presiden / President : Tuan Haji Suhaimi bin Kasdon Tuan Haji Ibrahim bin Surib
Tuan Haji Lokman bin Hj Abd. Kadir
Antara aktiviti SOA adalah seperti Antara aktiviti Badan Islam adalah
Antara aktiviti PKP adalah seperti berikut: seperti berikut:
berikut: Amongst the SOA’s organised activities are as Amongst the PKNS Islamic Association organised
Amongst the PKP’s organised activities are as follows: activities are as follows:
follows:
• Majlis Semarak Aidilfitri & Meraikan • E-Jariah Badan Islam PKNS (setiap
• Ziarah Santun Budi di Rumah Pesara SOA 2018 / The “Semarak bulan) / e-Jariah PKNS Islamic Association
Penawar, Sabak Bernam / Courtesy Aidifitri” Programme and Celebrating SOA’s (monthly)
Visit to Rumah Penawar (Rehabilitation Retirees of 2018 • Program Ibadah Qurban PKNS 2018
Home), Sabak Bernam • Bengkel Perancangan Takwim SOA / PKNS Qurban Programme 2018
• Program Teknik Belajar Cemerlang 2018-2020 / The SOA Yearly Planning • Kem Kepimpinan Badan Islam PKNS
/ Excellent Learning Techniques Programme Workshop of 2018-2020 2018 / PKNS Islamic Association Leadership
• Melancong Bersama PKP – • Seminar Embracing Industry 4.0 / Camp 2018
Bandung, Indonesia / Travel with PKP – Embracing Industry 4.0 Seminar • Kembara Ibadah Badan Islam PKNS
Bandung, Indonesia • Perlawanan Persahabatan Bola 2018 / PKNS Islamic Association Religious
• Melancong Bersama PKP – Turki / Sepak di Antara SOA dan Pasukan Worship Tour 2018
Turki / Travel with PKP - Turkey Benua / Football Friendly Match between • Program Tadarus Al-Quran
• Teknik Menjawab Soalan SOA and Continental Team (sepanjang bulan Ramadan) / The
Peperiksaan PT3 dan SPM / T3 and • SOA Strikes Challenge 2018 Quranic Tadarus Programme (during
SPM Exam Answering Techniques • Perlawanan Persahabatan Ramadhan)
• Retreat PKNS – Jabatan Imigresen Bola Sepak di Antara SOA dan • Lawatan Pendidikan ke Kompleks
& Masjid Singapura / PKNS Retreat Kumpulan IKRAM Sdn. Bhd. / Football Nasyrul Quran, Putrajaya /
–Immigration Department and Singapore Friendly Match between SOA and IKRAM Educational Visit to the Nasyrul Quran
Mosque Group Sdn. Bhd. Complex, Putrajaya
• Trip Hanoi Fasipan – Vietnam / Hanoi • Penghayatan Al-Quran Peringkat
Fansipan Trip - Vietnam Negeri Selangor / Appreciation of the
• Paintball War Game Quran at the State Level of Selangor
• Program Umrah / Umrah Programme • Sumbangan Ramadan Akhwat
• Majlis Penyerahan Cek Bantuan Badan Islam PKNS 2018 / The PKNS
Persekolahan & Saguhati Kebajikan Islamic Association Akhwat Ramadhan
/ The Ceremony of Cheque Giving for School Contribution 2018
Aid and Welfare Support
Majlis Penyerahan Cek Bantuan Persekolahan & Saguhati Bengkel Perancangan Takwim SOA 2018-2020 Program ibadah Qurban PKNS 2018
Kebajikan The SOA Yearly Planning Workshop of 2018-2020 PKNS Qurban Programme 2018
The Ceremony of Cheque Giving for School Aid and Welfare Support
61
PERSATUAN PEGAWAI EKSEKUTIF KELAB SUKAN DAN REKREASI (KSR)

(EOA) PKNS

Presiden / President : Presiden / President :
Encik Nordin bin Masri (sehingga 29 Tuan Ir. Haji Mohd Muhidin bin
Oktober 2018 / until 29 October 2018) Faharuddin
Puan Sukhani binti Mohd Jamil
(bermula 30 Oktober 2018 / starting 30 Antara aktiviti KSR adalah seperti
October 2018) berikut:
Amongst KSR’s organised activities are as follows:
Antara aktiviti EOA adalah seperti
berikut: • Penganjuran Kejohanan Sukan
Amongst EOA’s organised activities are as follows: Antara Bahagian dan Anak Syarikat
(KESUKA) PKNS 2018 / The PKNS 2018
• Program Percutian ke Hatyai, Sports Championship between Sub-Division
Thailand / Holiday Programme to Hatyai, and Subsidiary (KESUKA)
Thailand • Kejohanan Sepak Takraw Karnival
• Majlis Sambutan Aidilfitri PKNS Pusat Sukan UPM 2018 / The 2018
“Syoknya Raya Kita 2018” / PKNS Eid UPM Sports Centre Carnival Sepak Takraw
Fitri Celebration “Syoknya Raya Kita 2018” (kickvolleyball) Tournament
• Aktiviti “Skytrex” dan ATV / “Skytrex” • Kejohanan Karom Terbuka Kelantan
and ATV activities 2018 / The 2018 Kelantan Carrom Open
• Kenduri Kesyukuran Sempena Hari Tournament
Raya Aidiladha 2018 / The 2018 Aidilfitri • Pertandingan ‘Volleyball Penang
Celebration Open 2018’ / ‘Volleyball Penang Open
• EOA Water Rafting 2018 2018’ Competition
• Tanggungjawab Sosial Korporat • Kejohanan Karom Terbuka Kedah
Rumah Anak Yatim Pusat Jagaan 2018 / The 2018 Kedah Carrom Open
Nur Ekhwan, Klang / Corporate Social Tournament
Responsibility at the Nur Ekhwan Orphan • Kejohanan Tenpin Boling ‘18 th
Home, Klang Anniversary Ampang Superbowl
• Salam Ramadan & Agihan Ole-ole 2018’ / The ‘18 th Anniversary Ampang
Raya EOA 2018 / The EOA Ramadhan Superbowl 2018’ Tenpin Bowling Tournament
Greetings and Distribution of Eid Goodies • Kejohanan Sepak Takraw Terbuka
2018 Universiti Malaya / University of Malaya
• Mesyuarat Agung Tahunan EOA Sepak Takraw Open Tournament
PKNS Kali Ke-29 dan Agihan • Kejohanan Ping Pong Terbuka
Cenderamata Ulang Tahun Jabatan Pendaftaran Negara 2018 /
Kelahiran / PKNS 29 th Annual General The 2018 National Registration Department’s
Meeting and Birthday Gift Distribution Ping Pong Open Tournament
• Kejohanan Golf Terbuka PKNS 2018
/ The 2018 PKNS Open Golf Tournament
• Team Motosikal - Ekspedisi ke
Ulu Dong, Pahang / Motorcycle Team –
Expedition to Ulu Dong, Pahang
Aktiviti "Skytrex" dan ATV KESUKA PKNS Sepak Takraw 2018

Skytrex and ATV Activities PKNS KESUKA Sepak Takraw 2018
62
• Kembara PKNS – Ekspedisi Gunung

Korbu dan Gayong / PKNS Kembara –
Expedition to Gunung Korbu and Gayong
• Kembara PKNS – Ekspedisi Gunung
Chamah dan Ulu Sepat / PKNS
Kembara – Expedition to Gunung Chamah
and Ulu Sepat
• Kelab Joran – Belum Rainforest,
Pulau Banding / Joran Club (Fishing Club)
– Belum Rainforest, Pulau Banding
• Marathon PKNS – Iskandar Puteri
Night Marathon / PKNS Marathon –
Iskandar Puteri Night Marathon
• Marathon PKNS – Petaling Jaya Half
Marathon / PKNS Marathon – Petaling
Jaya Half Marathon
• Marathon PKNS – Kelab Mahmud
Bridge International Run / PKNS
Marathon – Mahmud Bridge Club
International Run
• Majlis Makan Malam KSR 2018 / KSR
Dinner 2018
63
64
Diari Korporat
Corporate Diary
65
Sumbangan Kepada Yayasan Sofa Negeri Sembilan

The Contribution Ceremony to the Negeri Sembilan Sofa Foundation
Majlis Perhimpunan Bulanan Khas PKNS Majlis Kick Off PKNS Anak Syarikat 2018
The PKNS Special Monthly Assembly The PKNS Subsidiaries Kick Off 2018
Breakfast Talk Integrity Bersama Institut Integriti Malaysia (IIM) Majlis Perasmian KESUKA
The Breakfast Talk Integrity with the Malaysian Integrity Institute (IIM) The KESUKA Inauguration Ceremony
Majlis Menandatangani Perjanjian Syarikat 5U Kejohanan Sukan Gemaputera

The 5U Signing of Agreement Ceremony The Gemaputera Sport Tournament
Program Hari Bersama Pelanggan PKNS Siri 1/2018 Majlis Pecah Tanah Rumah Selangorku Idaman PKNS
The PKNS Day With Customers Series 1/2018 The PKNS Rumah Selangorku Idaman Groundbreaking Ceremony
66
Konvensyen KIK Peringkat PKNS

The KIK Convention for PKNS
Anugerah Pengurusan Pentadbiran Cemerlang Anugerah Perkhidmatan Cemerlang APC 2017 & Jasamu Dikenang PKNS 2018
The Excellent Administrative Management Award The APC 2017 Excellent Service Award & PKNS 2018 Remembrance of Service
Majlis Agihan Bubur Lambuk Majlis Berbuka Puasa PKNS

The Bubur Lambuk Distribution Ceremony The PKNS Breaking Fast Ceremony
Jamuan Hari Raya Korporat PKNS Jamuan Hari Raya Anggota

The Hari Raya Celebration for PKNS Corporate The Hari Raya Celebration for Employees
67
Bernam Jaya Trail (Run & Trail Duathlon 2018)

The Bernam Jaya Trail (Run & Trail Duathlon 2018)
Majlis Kesyukuran & Doa Selamat PKNS Koleksi Hartanah PKNS Mega
The PKNS ‘Kesyukuran’ & ‘Doa Selamat’ Ceremony The PKNS Mega Property Collection
Majlis Kenduri Kesyukuran Sempena Aidiladha

Majlis "The Sultan of Selangor Cup 2018' Jelajah Publisiti & Penyerahan Tiket Konvensyen Integriti PKNS kelima
2018 masihi/ 1439 Hijrah
“The Sultan of Selangor Cup 2018” Publicity Tour & Ticket Delivery Ceremony The 5 th PKNS Integrity Convention
The ‘Kenduri Kesyukuran’ Ceremony for Eid Adha 2018 Masihi / 1439 Hijrah
Program Kasih Siswa: Majlis Penyerahan Sistem Alat Pembesar Suara

Program "Integrity Breakfast Talk" Kepada Sek. Ren. Agama Jabatan Agama Islam Selangor
The “Integrity Breakfast Talk” Programme The Kasih Siswa Programme: The Ceremony of Submission of the Loudspeaker System to Sek. Ren. Agama Jabatan Agama Islam Selangor
68
Program Hari Bersama Pelanggan Konvensyen Program Tunas Niaga (PROTune)

The Customer Day Programme The Tunas Niaga Programme (PROTune) Convention
Majlis Persaraan Ketua Pegawai Eksekutif PKNS

The PKNS CEO Retirement Ceremony
Karnival Hartanah PKNS Selangor Cyber Valley Majlis Graduasi Taska Mutiara PKNS Tahun 2018
The PKNS Selangor Cyber Valley Property Carnival The PKNS Taska Mutiara Graduation Ceremony
Majlis Penyerahan Sumbangan Kerajaan Negeri Anugerah Perkhidmatan Lama dan Jasamu Dikenang Kepada
Kepada Mangsa Kebakaran Usahawan Uptown Seksyen 24, Shah Alam Y.Bhg Datin Paduka Dr. Hajah Noraida Binti Haji Mohd Yusof
State Government Contribution Ceremony to the Fire Victims of the Uptown Seksyen 24, Shah Alam Long Service and Remembrance Award to Y.Bhg Datin Paduka Dr. Hajah Noraida Binti Haji Mohd Yusof
69
70
Direktori
Directory
71
Anak Syarikat
Subsidiary Companies
WORLDWIDE HOLDINGS BHD. PKNS ENGINEERING & CONSTRUCTION BHD. SELANGOR INDUSRTIAL CORPORATIOn SDN. BHD.
No. 1, Worldwide @ 7,Lot 24, Jalan Lazuardi 7/29, 02-25, Tingkat 2, Persiaran Tasik, F-G-45, Vista Alam, Jalan Ikhtisas, Seksyen 14,
Seksyen 7, 40000 Shah Alam, Kompleks PKNS, 40505 Shah Alam, 40000 Shah Alam, Selangor Darul Ehsan.
Selangor Darul Ehsan. Selangor Darul Ehsan.
TUAN IR. ZULKEFLI BIN HJ. KHALID
YBHG. DATIN PADUKA NORAZLINA TUAN SR. HAJI AHMAD PAUZI BIN MOHD NOOR Ketua Pegawai Eksekutif / Chief Executive Officer
BINTI ZAKARIA Ketua Pegawai Eksekutif/ Chief Executive Officer
Ketua Pegawai Eksekutif / Chief Executive Officer Tel: 03-5524 4040,
Tel: 03-5519 4877, 03-5519 4313 Fax: 03-5524 3799
Tel: 03-5510 2525 Fax: 03-5510 3902, 03-5511 6978 Email: [email protected]
Fax: 03-5510 4448 Email: [email protected]
Email: [email protected]
SELGATE CORPORATION DE PALMA MANAGMENT SERVICES SDN. BHD PI BRILLIANT BERHAD

No. 1-02 & 1-03, Tingkat 1 Plaza Azalea, Jalan Selaman, Palm Square Ampang Point, 77 & 78, Jalan Teknologi 3/9, Bistari D’Kota, PJU 5,
Jalan Pembangunan 14/6, Seksyen 14 Jalan Ampang,68000 Ampang, Kota Damansara, 47810 Petaling Jaya,
40000 Shah Alam, Selangor Darul Ehsan Selangor Darul Ehsan. Selangor Darul Ehsan.
ENCIK NOOR HISHAM BIN MOHD GHOUTH DR. AZAHARUL HISHAM BIN DATO SERI TUAN HJ. MOHD ZAIN BIN SARMAN
Ketua Pegawai Eksekutif/ Chief Executive Officer SULONG AHMAD Ketua Pegawai Eksekutif/ Chief Executive Officer
Ketua Pegawai Eksekutif
Tel: 03-5521 7000 Rangkaian Hotel De Palma Tel: 03-6141 8990
Fax: 03-5510 7668 Chief Executive Officer Fax: 03-6141 8102, 03-6141 8107
Email: [email protected] for De Palma Group of Hotels Email: [email protected]
Tel: 03-4270 7070, 03-5542 8080

Fax: 03-4270 7080, 03-4270 1597, 03-5541 1222
72
SELAMAN SDN. BHD SACC CONVEC SDN. BHD AKADEMI PKNS SDN. BHD
Lot 82, Lorong Memanda 1, Ampang Point, 68000 Pejabat Ketua Pegawai Eksekutif No.333A, Tingkat 3, Blok 5, Laman Seri Business
Ampang, Selangor Darul Ehsan. No. 4, Jalan Perbadanan 14/9,40000 Shah Park, Persiaran Sukan, Seksyen 13, 40100 Shah
Alam,Selangor Darul Ehsan. Alam, Selangor Darul Ehsan.
PUAN HAJAH KAMARUL AZIAN BINTI HASHIM
Ketua Pegawai Operasi/ Chief Operating Officer ENCIK NASRUDIN BIN ABU BAKAR TUAN HJ. IDRIS BIN ISHAK
Pengurus Besar Operasi/ Operating General Pengurus Besar/ General Manager
Tel: 03-4257 0151 Manager
Fax: 03-4257 7050 Tel: 03-5524 5365, 03-5524 6365
Email: [email protected] Tel: 03-5511 8858 Fax: 03-5523 7365
Fax: 03-5511 8848 Email: [email protected]
Email: [email protected] [email protected]
DATUMCORP INTERNATIONAL SDN. BHD PKNS REAL ESTATE SDN. BHD KELANA PROPERTY SDN. BHD
Lot 42, Jalan U-Thant, Taman U-Thant, 55000 3F-05, Level 3, SACC Mall, Jalan Perbadanan 14/9, Tingkat 15, Menara Glomac
Kuala Lumpur. Seksyen 14,40000 Shah Alam, Glomac Damansara, Jalan Damansara
Selangor Darul Ehsan 60000 Kuala Lumpur
ENCIK SHYTUL SHAHRYN BIN MOHAMAD
SHAARI TUAN SR. HJ. FAKRU RADZI BIN ABD. GHANI YBHG. DATUK SERI FATEH ISKANDAR BIN
Ketua Pegawai Operasi/ Chief Operating Officer Ketua Pegawai Eksekutif DATO’ MOHAMAD MANSOR
Chief Executive Officer Ketua Pegawai Eksekutif/ Chief Executive Officer
Tel: 03-4217 6000
Fax: 03-4266 1680 Tel: 03-55802277 Fax: 03-5518 1010 Tel: 03-7723 9000
Email: [email protected] Email: [email protected] Fax: 03-7729 7000
73
Syarikat Bersekutu
Associate Companies
01 KUNDANG PROPERTIES SDN. BHD. 02 LIGAMAS SDN. BHD

Level 33, The Gardens South Tower Jalan Genting – Hulu Yam Seksyen 6,
Mid Valley City, Lingkaran Syed Putra Bandar Utama Batang Kali
59000 Kuala Lumpur 44300 Batang Kali
ENCIK CHUA SENG YONG TUAN HAJI NAHAR BIN NORDIN

Pengarah/ Chairman Pengurus Besar/ General Manager
Tel: 03-2289 8809 Tel: 03-6075 1058

Fax: 03-2287 6620, 03-2289 8802 Fax: 03-6075 1215
Email: [email protected] Email: [email protected]
03 PKNS-LFD SDN. BHD. 04 BANGI RESORT & DEVELOPMENT

c/o AD-Consult (M) Sdn. Bhd. CORPORATION SDN. BHD.
Suite 13.02, 13th Floor, No. 1, Persiaran Bandar, Bandar Baru Bangi
Menara Tan & Tan, No. 207 43650 Selangor Darul Ehsan.
Jalan Tun Razak, 50400 Kuala Lumpur
ENCIK SOH BENG TECK
ENCIK CHOONG KUI WENG Pengarah/ Chairman
Ketua Pegawai Eksekutif/ Chief Executive Officer
Tel : 03 – 8925 3728, 8210 2288 (Fiona)
Tel: 012-2689047 Fax : 03 – 8925 3726, 8925 3727
Fax: 03- 4257 3088 Email: [email protected]
05 SUNWAY PKNS SDN. BHD. 06 SELANGOR POLO SDN. BHD.

Level 3, Menara Sunway No. 1, Jalan Polo 10/7, Off Persiaran Mahogany
Jalan Lagoon Timur, Bandar Sunway 47810 Kota Damansara
46150 Petaling Jaya Petaling Jaya
SARENA CHEAH YEAN TIH Y. BHG. DATO’ MUCIP HALDUN ELCHI

Pengarah/ Chairman Pengarah/ Chairman
Tel : 03 – 5639 9219 Tel : 03 – 6157 9908 (Selvia)

Fax : 03 – 5639 9876 Fax : 03 – 6157 9909
Email : [email protected]
74
07 KESAS HOLDING BERHAD 08 TROPICANA INDAH SDN. BHD. 09 GLM EMERALD (SEPANG) SDN. BHD.
Wisma Kesas, No. 1, Lebuhraya Shah Alam (Dikenali Dahulu: Damansara Impian Sdn Bhd) (Dikenali Dahulu: Vintage Heights Sdn Bhd)
47500 Subang Jaya Level 11, 3 Damansara, No. 3, Jalan SS 20/27, Level 19, Blok B, HP Tower
47400 Petaling Jaya No. 12, Jalan Gelenggang Bukit
TUAN HAJI MOHAMED SHAH BIN SAMIN Damansara, 50490 Kuala Lumpur
Ketua Pegawai Operasi/ Chief Operating Officer ENCIK KELVIN CHOO YUNG YAU
Pengarah Urusan/ Managing Director Y. BHG DATO’ EDMUND KONG WOON JUN
Tel : 03-8025 0808 Pengarah Urusan/ Managing Director
Fax : 03-8025 0909 / 8025 0867 Tel: 03-7713 8249, 03-7710 1018 (Mr. Yew)
Fax: 03-7710 1066, 03-7726 8181, 03-7726 8888 Tel: 03-2726 1000
Email: [email protected] Fax: 03-2726 1001
10 MUST EHSAN DEVELOPMENT SDN. BHD. 11 ICON-FUTURHOME SDN. BHD. 12 MUTAWWIF TRAINING &
No. 46G, Jalan PJU 5/22 No. 12-1, 1st Floor, Jalan Dagang SB 4/1, CONSULTANCY SDN. BHD.
Pusat Perdagangan Kota Damansara Seksyen 4, Tmana Sungai Besi Indah No. 9B, Wisma AMTC, Jalan Saga Emas 8A
Kota Damansara PJU 5 43300 Seri Kembangan Taman Saga Emas, 43000 Kajang
47810 Petaling Jaya Selangor Darul Ehsan
ENCIK ABDULLAH BIN ABD. RAHMAN SHAH
ENCIK MOHD IBRAHIM BIN MASRAKIN ENCIK NAJMAN BIN KAMARUDDIN Pengarah
Ketua Pegawai Operasi/ Chief Operating Officer Ketua Pegawai Eksekutif/ Chief Executive Officer Chairman
Tel : 03 – 6286 7777 (Iza) Tel: 03-8945 8998 Tel: 019-336 11369
03 – 6286 7681 (Nurul) Fax: 03-8953 0122
Email : [email protected] Email: [email protected]
13 AL-KAUTHAR RESOURCES SDN. BHD.

No. 5, Jalan Bunga Kertas 1B/2
Bukit Sentosa, 48300 Rawang
PUAN NORLIZA HAYATI BINTI SHAIRUZI

Ketua Pegawai Eksekutif/ Chief Executive Officer
Tel: 019-358 4983

75
76
Penyata Kewangan
Financial Statement
77
78
79
80
81

(Ditubuhkan di Malaysia di bawah Enakmen No. 4, 1964 Negeri Selangor)
PENYATA KEWANGAN
Kandungan Muka surat
Penyata Ahli-Ahli Perbadanan 1
Pengakuan Oleh Pegawai Utama Yang Bertanggungjawab

ke atas Pengurusan Kewangan 2
Penyata Pendapatan Komprehensif 3
Penyata Kedudukan Kewangan 4-5
Penyata Perubahan Ekuiti 6-8
Penyata Aliran Tunai 9 - 12
Nota-Nota Kepada Penyata Kewangan 13 - 81
Laporan Juruaudit Kepada Ketua Audit Negara
82
83
84
Penyata Pendapatan Komprehensif

PERBADANAN
(Ditubuhkan KEMAJUAN
di Malaysia di bawahNEGERI
EnakmenSELANGOR
No. 4, 1964 Negeri Selangor)
Bagi Tahun Kewangan Berakhir 31 Disember 2018

PENYATA PENDAPATAN KOMPREHENSIF
PENYATA
BAGI TAHUN PENDAPATAN KOMPREHENSIF
KEWANGAN BERAKHIR 31 DISEMBER 2018
BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2018
Kumpulan Perbadanan
2018 Kumpulan
2017 2018 Perbadanan
2017
2018
Nota RM’000 2017
RM’000 2018
RM’000 2017
RM’000
Nota RM’000 RM’000 RM’000 RM’000
Pendapatan 3 1,001,294 922,258 468,685 397,553
Pendapatan 3 1,001,294 922,258 468,685 397,553
Lain-lain pendapatan operasi 283,679 104,189 89,299 91,184
Perubahan dalam inventori (35,938) 32,171 (9,249) 22,480
KosPerubahan dalam inventori
projek kemajuan hartanah (35,938) 32,171 (9,249) 22,480
Kos projek
diiktiraf kemajuan hartanah 15 (179,107) (305,024) (142,438) (200,634)
diiktiraf
Kos kontrak diiktiraf 15 (179,107)
(34,790) (305,024)
(33,633) (142,438)
- (200,634)
-
KosKos kontrak diiktiraf
perlaksanaan perkhidmatan (34,790)
(209,176) (33,633)
(174,806) - - - -
Kos perlaksanaan perkhidmatan
Kos kakitangan 4 (209,176)
(169,066) (174,806)
(175,575) (95,039) - (101,324) -
Kos kakitangan
Susutnilai hartanah, loji dan 4 (169,066) (175,575) (95,039) (101,324)
peralatan hartanah, loji dan
Susutnilai 7 (38,433) (24,445) (6,916) (6,673)
peralatan
Susutnilai pelaburan hartanah 12 7 (38,433)
(5,438) (24,445)
(5,455) (6,916)
(5,211) (6,673)
(5,203)
Susutnilai pelaburanoperasi
Lain-lain perbelanjaan hartanah (5,438)
12 (362,039) (5,455)
(211,611) (5,211)
(194,648) (5,203)
(162,040)
Lain-lain perbelanjaan operasi (362,039) (211,611) (194,648) (162,040)
Keuntungan operasi 250,986 128,069 104,483 35,343
KosKeuntungan
kewangan operasi 4 250,986
(84,223) 128,069
(73,336) 104,483
(62,035) 35,343
(55,005)
Kos kewangan
Bahagian keuntungan syarikat- 4 (84,223) (73,336) (62,035) (55,005)
Bahagian keuntungan syarikat-
syarikat bersekutu 102,516 56,122 - -
syarikat bersekutu
Pendapatan bersih dari lain-lain 102,516 56,122 - -
Pendapatan bersih dari lain-lain
pelaburan 5
DRAFT
71,345 25,747 68,588 135,621

pelaburan 5 71,345 25,747 68,588 135,621
DRAFT
Keuntungan sebelum cukai dan

zakat 4 340,624 136,602 111,036 115,959
zakat
Zakat 4 340,624
(4,388) 136,602
(4,734) 111,036
(3,118) 115,959
(3,793)
Zakat
Cukai 6 (4,388)
(4,134) (4,734)
(39,544) (3,118)
40,390 (3,793)
(14,253)
Cukai 6 (4,134) (39,544) 40,390 (14,253)
Keuntungan selepas cukai dan
zakat 332,102 92,324 148,308 97,913
zakat dari nilai saksama
Keuntungan 332,102 92,324 148,308 97,913
Keuntungan
tanah dari nilai saksama - 15,400 - -
tanah
Kepentingan bukan kawalan (43,255) - 15,400
(17,056) - - - -
Kepentingan bukan kawalan (43,255) (17,056) - -
Keuntungan bersih bagi tahun
Keuntungan
Semasa bersih
/ Jumlah bagi tahun
pendapatan
Semasa /
komprehensifJumlah pendapatan 288,847 90,668 148,308 97,913
komprehensif 288,847 90,668 148,308 97,913
Nota-nota yang disertakan merupakan sebahagian daripada penyata kewangan ini

3 85
3
Penyata Kedudukan Kewangan

PERBADANAN
(Ditubuhkan diKEMAJUAN NEGERI
Malaysia di bawah SELANGOR
Enakmen No. 4, 1964 Negeri Selangor)
Pada 31 Disember 2018
PENYATA
PENYATA PENDAPATAN
KEDUDUKAN KOMPREHENSIF
KEWANGAN PADA 31 DISEMBER 2018
Kumpulan Perbadanan
2018 Kumpulan2017 2018 Perbadanan
2017
2018
Nota RM’000 2017 2018
RM’000 2017
RM’000 RM’000
Aset Bukan Semasa Nota RM’000 RM’000 RM’000 RM’000
Hartanah, loji dan peralatan 7 640,733 357,709 197,898 195,616
Pendapatan
Pelaburan dalam syarikat-syarikat 3 1,001,294 922,258 468,685 397,553
Lain-lain pendapatan operasi
Subsidiari 8 283,679
- 104,189
- 89,299 1,573,365
1,713,281 91,184
Perubahan
Pelaburan dalam
dalam inventori
syarikat-syarikat (35,938) 32,171 (9,249) 22,480
168,366
bersekutu
Kos projek kemajuan hartanah 9 729,561 661,423 158,189
Lain-lain pelaburan
diiktiraf 10 15 194,104
(179,107) 337,185
(305,024) 115,890
(142,438) 251,432
(200,634)
Muhibah daripada
Kos kontrak penyatuan
diiktiraf 11 8,031
(34,790) 9,149
(33,633) - - - -
Pelaburan Hartanah perkhidmatan
Kos perlaksanaan 12 1,144,445
(209,176) 976,004
(174,806) 232,311 - 226,965 -
Harta
Koshartanah
kakitangan 13 4 872,060
(169,066) 777,368
(175,575) 467,345
(95,039) 451,472
(101,324)
Penghutang
Susutnilai perdagangan
hartanah, loji dan 17 2,460 - - -
Asetperalatan
tidak ketara 7 -
(38,433) -
(24,445) -
(6,916) -
(6,673)
Aset cukai tertunda
Susutnilai pelaburan hartanah 27 12 48,010
(5,438) 25,583
(5,455) 22,952
(5,211) 3,929
(5,203)
Lain-lain perbelanjaan operasi 3,639,404
(362,039) 3,144,421
(211,611) 2,918,043
(194,648) 2,860,968
(162,040)
Aset Semasa operasi

Keuntungan 250,986 128,069 104,483 35,343
Inventori
Kos kewangan 14 4 367,276
(84,223) 418,255
(73,336) 229,977
(62,035) 249,365
(55,005)
Projek kemajuan
Bahagian hartanahsyarikat-
keuntungan 15 3,751,398 3,664,689 3,365,481 3,144,304
Kerja kontrakbersekutu
yang telah dijalankan 102,516
syarikat 56,122 - - - -
tetapi
Pendapatandituntut
belum bersih dari lain-lain 16 217,984 266,803
Tuntutan kemajuan terakru
pelaburan 5 9,644
71,345
DRAFT
2,108
25,747 -
68,588 -
135,621
Penghutang perdagangan 17 372,920 460,984 199,235 244,673
DRAFT
Lain-lain penghutang,
Keuntungan sebelumdeposit dan
cukai dan
bayaran
zakat terdahulu 18 4 157,805
340,624 145,094
136,602 73,574
111,036 55,141
115,959
Pelaburan
Zakat portfolio 19 18,431
(4,388) 22,361
(4,734) 15,339
(3,118) 18,797
(3,793)
Simpanan
Cukai tetap 20 6 352,686
(4,134) 313,252
(39,544) 5,668
40,390 5,501
(14,253)
Wang tunai dan baki di bank 30 154,767 169,395 16,980 29,744
Cukai boleh pulih 89,674 77,202 72,487 47,572
zakat 5,492,585
332,102 5,540,143
92,324 3,978,741
148,308 3,795,097
97,913
Liabiliti Semasa
Keuntungan dari nilai saksama
Pemiutang
tanah perdagangan 26 352,320 - 281,836
15,400 107,991 - 86,234 -
Tuntutan terdahulu darikawalan
kontrak (43,255)
Kepentingan bukan (17,056) - - - -
pembinaan 16 190,487 244,375
Tuntutan kemajuan terdahulu 53,738 80,328 16,025 62,833
Lain-lain pemiutang 28 398,275 368,367 304,997 270,884
Semasa / Jumlah pendapatan
Amaun terhutang kepada
komprehensif 288,847 90,668 148,308
- 97,913
-
pemegang saham bukan kawalan 29 266 2,275
Pemiutang pajakan kewangan 22 2,209 804 - -
Pinjaman jangka pendek 23 27,704 17,045 3,200 3,200
Tanggungan cukai 1,112 4,078 - -
Geran tertunda 8,933 1,632 - -
1,035,044 1,000,740 432,213 423,151
Aset semasa bersih 4,457,541 4,539,403 3,546,528 3,371,946
8,096,945 7,683,824 6,464,571 6,232,914

86
3
4
Penyata Kedudukan Kewangan

PERBADANAN
(Ditubuhkan diKEMAJUAN NEGERI
Malaysia di bawah SELANGOR
Pada 31 Disember 2018 (Samb.)
PENYATA KEDUDUKAN KEWANGAN PADA 31 DISEMBER 2018 (SAMB.)
Kumpulan Perbadanan
Kumpulan Perbadanan
2018 2017 2018 2017
2018 2017 2018 2017
Nota RM’000 RM’000 RM’000 RM’000
Nota RM’000 RM’000 RM’000 RM’000
Dibiayai Oleh:
Keuntungan terkumpul 6,133,112 5,832,792 5,039,154 4,890,846
Pendapatan 3 1,001,294 922,258 468,685 397,553
Akaun perlindungan harta 21 23,052 25,243 23,052 25,243
Rizab 283,679
20,170 104,189
21,749 89,299
- 91,184
-
Perubahan dalam inventori (35,938)
6,176,334 32,171
5,879,784 (9,249)
5,062,206 22,480
4,916,089
Kos projek bukan
Kepentingan kemajuan hartanah
kawalan 143,527 113,128 - -
diiktiraf
Jumlah Ekuiti 15 (179,107)
6,319,861 (305,024)
5,992,912 (142,438)
5,062,206 (200,634)
4,916,089
Kos kontrak diiktiraf (34,790) (33,633) - -
Kos perlaksanaan
Liabiliti jangka panjangperkhidmatan (209,176) (174,806) - -
Kos kakitangan
Pemiutang pajakan kewangan 22 4 (169,066)
3,318 (175,575)
1,883 (95,039)
- (101,324)
-
Susutnilai
Lain-lain hartanah, loji dan
pemiutang 28 3,269 1,554 - -
peralatan
Pinjaman jangka panjang 23 7 (38,433)
1,644,226 (24,445)
1,590,396 (6,916)
1,372,788 (6,673)
1,290,685
Susutnilai pelaburan dan
Peruntukan penutupan hartanah
kos 12 (5,438) (5,455) (5,211) (5,203)
Lain-lain perbelanjaan
selepas penutupan operasi operasi (362,039) (211,611) (194,648) (162,040)
pelupusan sistem pepejal 24 58,369 53,908 - -
Keuntungan
Ganjaran operasi
persaraan 25 250,986
9,418 128,069
8,493 104,483
3,668 35,343
3,779
Kos kewangan
Liabiliti cukai tertunda 27 4 (84,223)
58,484 (73,336)
34,678 (62,035)
25,909 (55,005)
22,361
Bahagian
Jumlah keuntungan
Liabiliti syarikat-
Jangka Panjang 1,777,084 1,690,912 1,402,365 1,316,825
syarikat bersekutu 102,516
8,096,945 56,122
7,683,824 6,464,571 - 6,232,914 -
pelaburan 5 71,345 25,747 68,588 135,621
DRAFT
DRAFT

zakat 4 340,624 136,602 111,036 115,959
Zakat (4,388) (4,734) (3,118) (3,793)
Cukai 6 (4,134) (39,544) 40,390 (14,253)

zakat 332,102 92,324 148,308 97,913
tanah - 15,400 - -

komprehensif 288,847 90,668 148,308 97,913

87
3
5
Penyata Perubahan Ekuiti

PENYATA PERUBAHAN EKUITI
BAGI Tahun
BagiTAHUN Kewangan
KEWANGAN Berakhir
BERAKHIR 31 Disember
31 DISEMBER 2018 2018 (Samb.)
Akaun Rizab Kepentingan

Perlindungan Penilaian Lain-Lain Keuntungan Bukan Jumlah
Harta Semula Rizab Terkumpul Jumlah Kawalan Ekuiti
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
Kumpulan
Baki pada 1 Januari 2017 24,465 3,232 5,227 5,757,231 5,790,155 97,390 5,887,545
Keuntungan bersih bagi tahun semasa - - - 75,268 75,268 17,056 92,324
tanah - 15,400 - - 15,400 - 15,400
DRAFT
Lain-lain pelarasan - - - - - (1,318) (1,318)
88
Pengkelasan nilai saksama - - (293) 293 - - -
Penambahan/(pengurangan) pada tahun
Semasa 778 - (1,817) - (1,039) - (1,039)
Baki pada 31 Disember 2017 25,243 18,632 3,117 5,832,792 5,879,784 113,128 5,992,912
6
Laporan Tahunan

BAGI TAHUN
Bagi TahunKEWANGAN
KewanganBERAKHIR DISEMBER
Berakhir3131 Disember (SAMB.)
20182018 (Samb.)
2018 Annual Report
Akaun Rizab Kepentingan

Perlindungan Penilaian Lain-Lain Keuntungan Bukan Jumlah
Harta Semula Rizab Terkumpul Jumlah Kawalan Ekuiti
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
Kumpulan
Baki pada 1 Januari 2018

Seperti dinyatakan sebelumnya 25,243 18,632 3,117 5,832,792 5,879,784 113,128 5,992,912
Pelarasan tahun terdahulu - - - 9,150 9,150 - 9,150
Seperti dinyatakan semula 25,243 18,632 3,117 5,841,942 5,888,934 113,128 6,002,062
DRAFT
Keuntungan bersih bagi tahun semasa - - - 288,847 288,847 - 288,847
89
Pengkelasan nilai saksama - - 21 (21) - - -
Penambahan/(pengurangan) pada tahun
Semasa (2,191) - (1,600) 2,344 (1,447) 30,399 28,952
Baki pada 31 Disember 2018 23,052 18,632 1,538 6,133,112 6,176,334 143,527 6,319,861
7

(Ditubuhkan di Malaysia di bawah Enakmen No.
(Ditubuhkan di Malaysia di bawah Enakmen 4,4,
No. 1964 Negeri
1964 Selangor)
Negeri Selangor)
Bagi Tahun Kewangan Berakhir 31 Disember 2018 (Samb.)

PENYATA
BAGI TAHUNPENDAPATAN KOMPREHENSIF
KEWANGAN BERAKHIR 31 DISEMBER 2018 (SAMB.)
Akaun
Kumpulan
Perlindungan Keuntungan Perbadanan
2018
Harta 2017
Terkumpul 2018
Jumlah 2017
Nota RM’000
RM’000 RM’000
RM’000 RM’000
RM’000 RM’000
Perbadanan
Pendapatan 3 1,001,294 922,258 468,685 397,553
Lain-lain
Baki pada 1pendapatan
Januari 2017operasi 24,465
283,679 4,792,933
104,189 4,817,398
89,299 91,184
Penambahan pada tahun
Perubahan dalam semasa
inventori 778
(35,938) 32,171 - 778
(9,249) 22,480
Keuntungan
Kos projek bersih bagihartanah
kemajuan tahun semasa - 97,913 97,913
diiktiraf
Baki pada 31 Disember 2017 15 (179,107)
25,243 (305,024)
4,890,846 (142,438)
4,916,089 (200,634)
Kospada
Baki perlaksanaan
1 Januari perkhidmatan
2018 (209,176)
25,243 (174,806)
4,890,846 4,916,089- -
Kos kakitangan
Pengurangan pada tahun semasa 4 (169,066)
(2,191) (175,575)- (95,039)
(2,191) (101,324)
Susutnilai hartanah,
Keuntungan lojitahun
bersih bagi dan semasa - 148,308 148,308
peralatan
Baki pada 31 Disember 2018 7 (38,433)
23,052 (24,445)
5,039,154 (6,916)
5,062,206 (6,673)
Susutnilai pelaburan hartanah 12 (5,438) (5,455) (5,211) (5,203)
Lain-lain perbelanjaan operasi (362,039) (211,611) (194,648) (162,040)
Keuntungan operasi 250,986 128,069 104,483 35,343

Kos kewangan 4 (84,223) (73,336) (62,035) (55,005)
Pendapatan bersih dari lain-lain DRAFT
pelaburan 5 71,345 25,747 68,588 135,621

DRAFT

zakat 4 340,624 136,602 111,036 115,959
Zakat (4,388) (4,734) (3,118) (3,793)
Cukai 6 (4,134) (39,544) 40,390 (14,253)

zakat 332,102 92,324 148,308 97,913
tanah - 15,400 - -

komprehensif 288,847 90,668 148,308 97,913

90
8
3

Penyata Aliran Tunai

PENYATA ALIRAN TUNAI
PENYATA
BAGI TAHUNPENDAPATAN
KEWANGAN BERAKHIR KOMPREHENSIF
31 DISEMBER 2018
Kumpulan Perbadanan
2018 Kumpulan 2017 2018 Perbadanan
2017
2018
RM’000 2017
RM’000 2018
RM’000 2017
RM’000
Aliran tunai daripada aktiviti-aktiviti Nota RM’000 RM’000 RM’000 RM’000
operasi
Pendapatan
Keuntungan sebelum cukai, zakat dan 3 1,001,294 922,258 468,685 397,553
Lain-lain pendapatan
kepentingan operasi
bukan kawalan 340,624
283,679 136,602
104,189 111,036
89,299 115,959
91,184
Susut nilai hartanah,
Perubahan loji, dan peralatan
dalam inventori 38,433
(35,938) 24,445
32,171 6,916
(9,249) 6,673
22,480
Susut nilai pelaburan
Kos projek kemajuanhartanah
hartanah 5,438 5,455 5,211 5,203
Kos kewangan
diiktiraf 15 84,223
(179,107) 73,336
(305,024) 62,035
(142,438) 55,005
(200,634)
(Pulih semula)/Peruntukan
Kos kontrak diiktiraf rosot nilai (34,790) (33,633) - -
hartanah,
Kos loji, danperkhidmatan
perlaksanaan peralatan (4,700)
(209,176) 260
(174,806) - - - -
Pelunasan pelaburan
Kos kakitangan hartanah 4 343
(169,066) 130
(175,575) -
(95,039) -
(101,324)
Peruntukan penutupan dan
Susutnilai hartanah, loji dan kos selepas
penutupan
peralatan 7 7,232
(38,433) 4,698
(24,445) -
(6,916) -
(6,673)
Perubahan nilai saksama
Susutnilai pelaburan hartanah pelaburan 12 (5,438) (5,455) (5,211) (5,203)
hartanahperbelanjaan
Lain-lain yang diiktirafoperasi
di dalam (362,039) (211,611) (194,648) (162,040)
penyata pendapatan (88,829) 14,862 - -
(Pulih semula)/Peruntukan rosot nilai 250,986 104,483
Keuntungan operasi 128,069 35,343
projek kemajuan hartanah (3,302) 815 - -
Kos kewangan 4 (84,223) (73,336) (62,035) (55,005)
Peruntukan rosot nilai pelaburan syarikat
bersekutu 2,728 - - -
Peruntukan rosot nilai harta hartanah 22,833 35,921 - -
Peruntukan hutang ragu 13,640 4,410 9,610 5,283
DRAFT
pelaburanganjaran persaraan 5 71,345 25,747 68,588 135,621

DRAFT
Peruntukan 1,852 549 627 288

Hapuskira pelaburan syarikat bersekutu - (22,725) - (22,725)
Keuntungan
Hapuskira nilaisebelum
hartanah,cukai dan
loji, dan
zakat
peralatan 4 340,624
50 136,602
89 111,036
- 115,959
-
Zakat
Pelunasan aset tidak nyata (4,388)
- (4,734)
4 (3,118)
- (3,793)
-
Cukai keuntungan syarikat-syarikat 6
Bahagian (4,134) (39,544) 40,390 (14,253)
bersekutu (102,516) (56,122) - -
Keuntungan
Keuntungan selepas
dari jualan cukai
syarikatdan
zakat
subsidiari 332,102
(40,833) 92,324
- 148,308
- 97,913
-
Peruntukan rosot nilai lain-lain pelaburan 147 3 147 -
tanah
Pendapatan dividen (11,367) - 15,400
(5,229) (59,274) - (129,316) -
Kepentingan
Pelarasan: bukan kawalan (43,255) (17,056) - -
Susut nilai hartanah, loji dan peralatan 10 65 - 4
Keuntungan bersih bagi
Susut nilai pelaburan tahun
hartanah 61 24 61 24
Semasa / Jumlah
Pendapatan faedah pendapatan (19,145) (20,518) (9,314) (6,305)
komprehensif 288,847 90,668 148,308 97,913

91
9
3

PERBADANAN
di Malaysia di bawahNEGERI
EnakmenSELANGOR
No. 4, 1964 Negeri Selangor)
Bagi Tahun
PENYATA Kewangan
ALIRAN TUNAI Berakhir 31 Disember 2018 (Samb.)
BAGI TAHUNPENDAPATAN
PENYATA KEWANGAN BERAKHIR 31 DISEMBER 2018 (SAMB.)
KOMPREHENSIF
Kumpulan Perbadanan
2017
RM’000
2018 RM’000
2017 RM’000
2018 RM’000
2017
operasi (samb.)
Peruntukan/(Pulih
Pendapatan semula) rosot nilai 3 1,001,294 922,258 468,685 397,553
pelaburan portfolio
Lain-lain pendapatan operasi 759 (773) 759 -
283,679 104,189 89,299 91,184
Perubahan nilai saksama ke atas lain-
lain pelaburan 11,319 (3,793) 11,324 (3,793)
Kos projek kemajuan hartanah
Keuntungan operasi sebelum perubahan
diiktiraf 15 (179,107) (305,024) (142,438) (200,634)
modal kerja 259,000 192,508 139,138 26,300
Penambahan/pengurangan dalam:
Kos perlaksanaan
Projek kemajuan hartanahperkhidmatan (209,176)
(385,009) (174,806)
(541,534) (258,371) - (451,551) -
Kos kakitangan
Inventori 4 (169,066)
50,686 (175,575)
(104,996) (95,039)
20,048 (101,324)
(113,926)
Susutnilai hartanah,
Penghutang perdagangan loji dan 94,611 (33,729) 59,300 (49,799)
peralatan
Muhibbah 7 (38,433)
1,118 (24,445)
(1,407) (6,916)
- (6,673)
-
Susutnilai pelaburan hartanah
Baki bank di bawah Akta Pemaju 12 (5,438) (5,455) (5,211) (5,203)
Lain-lain
Perumahan perbelanjaan
(Kawalan operasi
dan (362,039) (211,611) (194,648) (162,040)
Perlesenan), 1966 (2,351) 37,250 - -
Keuntungan
Simpanan tetap operasi
yang telah dicagarkan 250,986
6,194 128,069
19 104,483
- 35,343
-
Kos kewangan
Tuntutan kemajuan terakru/belum 4 (84,223) (73,336) (62,035) (55,005)
Bahagian
dituntut keuntungan syarikat- 52,513 215,306 - -
syarikatPenghutang,
Lain-lain bersekutu deposit dan 102,516 56,122 - -
bayaran terdahulu (14,341) (10,278) (19,577) 18,333
DRAFT
pelaburan
Amaun terhutang oleh syarikat bersekutu5 71,345
- 25,747
- 68,588
(1,311) 135,621
(1,225)
DRAFT
Penambahan/pengurangan dalam:
Keuntungan
Pemiutang sebelum cukai dan
perdagangan 70,484 (56,821) 21,757 (19,881)
zakat kemajuan terdahulu
Tuntutan 4 340,624
(80,478) 136,602
(168,641) 111,036
(46,808) 115,959
49,344
Zakat terhutang kepada bukan kawalan
Amaun (4,388)
- (4,734)
(22,495) (3,118)
- (3,793)
-
Cukai terhutang kepada syarikat
Amaun 6 (4,134) (39,544) 40,390 (14,253)
berkaitan (2,009) - - -
Lain-lain
Keuntunganpemiutang
selepas cukai dan 31,623 77,337 34,113 46,171
Lain-lain
zakat rizab (2,791)
332,102 (1,039)
92,324 (2,191)
148,308 778
97,913
Tunai dihasilkandari
Keuntungan nilai saksama
daripada operasi 79,250 (418,520) (53,902) (495,456)
tanah - 15,400 - -
Pembayaran cukai (21,067) (37,483) - (5,393)
Faedah dibayar (84,223) (73,336) (62,035) (55,005)
Pembayaran zakat (4,388) (4,734) (3,118) (3,793)
Keuntunganganjaran
Pembayaran bersih bagi tahun
persaraan (927) (286) (738) -
Aliran tunai bersih dihasilkan dalam
komprehensif
aktiviti-aktiviti operasi 288,847
(31,355) 90,668
(534,359) 148,308
(119,793) 97,913
(559,647)

10 92
3

PERBADANAN
di Malaysia NEGERI
di bawah SELANGOR
Bagi Tahun
PENYATA ALIRAN Kewangan
TUNAI Berakhir 31 Disember 2018 (Samb.)
BAGI TAHUN KEWANGAN
PENYATA PENDAPATAN KOMPREHENSIF BERAKHIR 31 DISEMBER 2018 (SAMB.)
Kumpulan Perbadanan
2017
RM’000
2018 RM’000
2017 RM’000
2018 RM’000
2017
pelaburan
Pendapatan
Pendapatan faedah 3 19,145
1,001,294 20,518
922,258 9,314
468,685 6,305
397,553
Dividen diterima daripada lain-lain
pelaburan 11,367 5,229 4,486 3,952
Perubahan dalam inventori
Dividen diterima daripada syarikat (35,938) 32,171 (9,249) 22,480
Kos projek
subsidiari kemajuan hartanah - - 16,713 9,312
diiktirafyang diterima daripada syarikat-15
Dividen (179,107) (305,024) (142,438) (200,634)
Kos kontrak
syarikat diiktiraf
bersekutu (34,790)
- (33,633)
- 38,075 - 116,052 -
Kos perlaksanaan perkhidmatan
Terimaan dari jualan hartanah, loji dan (209,176) (174,806) - -
Kos kakitangan
peralatan 4 (169,066)
493 (175,575)
1,803 (95,039)
493 (101,324)
1,803
Susutnilai hartanah, loji dan
Terimaan dari pelupusan hartanah, loji
peralatan
dan peralatan 7 (38,433)
416 (24,445)
10,230 (6,916)
- (6,673)
-
Susutnilaidari
Terimaan pelaburan hartanah hartanah12
jualan pelaburan (5,438)
5,646 (5,455)
3,002 (5,211)
5,646 (5,203)
3,002
Lain-lain perbelanjaan
Penambahan hartanah, loji dan operasi (362,039) (211,611) (194,648) (162,040)
peralatan (63,416) (100,040) (9,691) (21,258)
Keuntungan operasi
Pengurangan lain-lain pelaburan 250,986
292,284 128,069
523,304 104,483
280,071 35,343
505,000
Kos kewangan
Penambahan lain-lain pelaburan (84,223)
4 (160,669) (73,336)
(524,248) (62,035)
(156,000) (55,005)
(504,000)
Bahagian keuntungan
Penambahan pelaburansyarikat-
hartanah (72,995) (48,207) (747) (3,145)
syarikat bersekutu
Pengurangan/(Penambahan) pelaburan 102,516 56,122 - -
portfolio
Pendapatan bersih dari lain-lain 3,171 (3,239) 2,699 (3,927)
DRAFT
Terimaan
pelaburan dari pelupusan syarikat- 5 71,345 25,747 68,588 135,621
DRAFT

Pelaburan
Keuntungan dalam syarikat
sebelum subsidiari
cukai dan - - (139,916) (138,424)
Pelaburan
zakat dalam syarikat bersekutu 4 -
340,624 -
136,602 (10,177)
111,036 -
115,959
Penambahan
Zakat harta-hartanah (120,756)
(4,388) (140,676)
(4,734) (15,873)
(3,118) (1,151)
(3,793)
Pelupusan
Cukai harta-hartanah 6 12,488
(4,134) 30,727
(39,544) -
40,390 20,611
(14,253)
Pelupusan syarikat subsidiari 40,833 - - -
Penggunaan
Keuntungankos penutupan
selepas cukaidan
dankos
selepas penutupan
zakat (2,771)
332,102 (941)
92,324 -
148,308 -
97,913
Penambahan
Keuntungan dari kepentingan bukan
nilai saksama
kawalan dalam syarikat subsidiari
tanah (11,512) - (1,318)
15,400 - - - -
Aliran tunai bersih
Kepentingan digunakan/dihasilkan
bukan kawalan (43,255) (17,056) - -
daripada aktiviti-aktiviti pelaburan (14,626) (79,736) 25,093 (5,868)
komprehensif 288,847 90,668 148,308 97,913

11 93
3

(Ditubuhkan di Malaysia di bawah Enakmen No.No.
(Ditubuhkan di Malaysia di bawah Enakmen 4, 1964 Negeri
4, 1964 Selangor)
Negeri Selangor)

PENYATA ALIRAN TUNAI
BAGI TAHUN KEWANGAN BERAKHIR 31 DISEMBER 2018 (SAMB.)
Kumpulan Perbadanan
2018
Kumpulan 2018
Perbadanan
2017 2017
2018
RM’000 2017
RM’000 2018
RM’000 2017
RM’000
pembiayaan
Pendapatan
Tambahan pinjaman 3 1,001,294
64,489 922,258
564,541 468,685
82,103 397,553
511,383
Lain-lain pendapatan
Penerimaan geran operasi 126,990
283,679 15,894
104,189 -
89,299 -
91,184
Penggunaan
Perubahan dalamgeran inventori (119,689)
(35,938) (14,262)
32,171 -
(9,249) -
22,480
Bayaran balikkemajuan
Kos projek pemiutang pajakan
hartanah
kewangan
diiktiraf 15 2,840
(179,107) 2,165
(305,024) -
(142,438) -
(200,634)
Aliran
Kostunai bersih
kontrak dihasilkan/digunakan
diiktiraf (34,790) (33,633) - -
daripada aktiviti-aktiviti pembiayaan
Kos perlaksanaan perkhidmatan 74,630
(209,176) 568,338
(174,806) 82,103 - 511,383 -
Kos kakitangan 4 (169,066) (175,575) (95,039) (101,324)
Penambahan/Pengurangan
Susutnilai hartanah, loji dan bersih dalam
28,649 (45,757) (12,597) (54,132)
tunai dan
peralatan persamaan tunai 7 (38,433) (24,445) (6,916) (6,673)
Susutnilai pelaburan hartanah 12 (5,438) (5,455) (5,211) (5,203)
Tunai dan persamaan
Lain-lain perbelanjaan tunai pada awal
operasi (362,039) (211,611) (194,648) (162,040)
tahun 440,741 486,498 35,245 89,377
Tunai dan persamaan
Keuntungan operasitunai pada akhir 250,986 128,069 104,483 35,343
tahun (Nota
Kos kewangan 30) 4 469,390
(84,223) 440,741
(73,336) 22,648
(62,035) 35,245
(55,005)
Pendapatan bersih dari lain-lain DRAFT
pelaburan 5 71,345 25,747 68,588 135,621

DRAFT

zakat 4 340,624 136,602 111,036 115,959
Zakat (4,388) (4,734) (3,118) (3,793)
Cukai 6 (4,134) (39,544) 40,390 (14,253)

zakat 332,102 92,324 148,308 97,913
tanah - 15,400 - -

komprehensif 288,847 90,668 148,308 97,913

12 94
3

Nota-nota Kepada Penyata Kewangan

NOTA-NOTA KEPADA PENYATA KEWANGAN
Kegiatan utama Perbadanan adalah memajukan bandar dan pekan baru, membangunkan
tanah-tanah untuk tujuan perindustrian dan perumahan, dan pembinaan bangunan pelbagai
jenis untuk dijual atau disewa.
Kegiatan utama syarikat-syarikat subsidiari adalah seperti yang dinyatakan di Nota 8.
Tiada sebarang perubahan ketara berlaku kepada kegiatan utama Perbadanan dan syarikat-
syarikat subsidiarinya dalam tahun kewangan semasa.
Pejabat berdaftar Perbadanan dan pejabat utama perniagaan Perbadanan terletak di Bangunan
Ibu Pejabat PKNS, No 2. Jalan Indah, 14/8, Seksyen 14, 40000 Shah Alam, Selangor Darul
Ehsan.
1. ASAS PENYEDIAAN
(a) Penyata pematuhan
Penyata kewangan Kumpulan dan Perbadanan telah disediakan dibawah Enakmen

Perbadanan Kemajuan Negeri Selangor 1964 (Pindaan 2014), Malaysian Private
Entities Reporting Standards (“MPERS”) dan peruntukan-peruntukan Akta Syarikat,
2016 di Malaysia.
(b) Asas pengukuran DRAFT
Penyata kewangan telah disediakan berdasarkan kos lampau kecuali seperti yang
dinyatakan dalam Nota 2.
(c) Mata wang fungsian dan pembentangan
Penyata kewangan dibentangkan dalam Ringgit Malaysia (“RM”), yang merupakan

mata wang fungsian Perbadanan dan semua nilai dibundarkan kepada ribu yang
terdekat, kecuali dinyatakan sebaliknya.
(d) Pengunaan anggaran dan pertimbangan
Penyediaan penyata kewangan menurut MPERS memerlukan pihak pengurusan

untuk membuat pertimbangan, anggaran dan andaian yang mempunyai kesan ke
atas penggunaan dasar perakaunan dan jumlah aset, liabiliti, pendapatan dan
perbelanjaan yang dilaporkan. Keputusan sebenar mungkin berbeza daripada
anggaran ini.
95
13


1. ASAS PENYEDIAAN (SAMB.)
(d) Pengunaan anggaran dan pertimbangan (samb.)
Anggaran dan asas andaian disemak semula atas dasar berterusan. Semakan
semula terhadap anggaran perakaunan diiktiraf dalam tahun di mana anggaran
tersebut disemak semula dan pada tahun-tahun terlibat di masa hadapan.
Secara khusus, bidang-bidang penting bagi ketidaktentuan anggaran dan

penilaian kritikal dalam mengguna pakai dasar-dasar perakaunan yang
mempunyai kesan penting dalam menentukan amaun yang diiktiraf dalam
penyata kewangan dinyatakan dalam nota-nota berikut:
i) Pendapatan
Pendapatan dari projek perumahan dan kontrak pembinaan diambilkira

mengikut kaedah peratusan penyudahan kerja pembangunan
berperingkat. Anggaran penyudahan kerja berperingkat, pendapatan
dan kos masa depan dan kebolehkutipan bil peringkat siap diperlukan
bagi menentukan kaedah peratusan penyudahan kerja pembangunan
berperingkat. Belanjawan dan ramalan dalaman digunakan dalam
anggaran ini. Hasil sebenar hanya akan diketahui apabila kontrak atau
projek pembangunan selesai dan semua unit dijual kepada pelanggan,
dan pendapatan sebenar ini tidak akan sama dengan perkiraan yang
DRAFT
dibuat.
ii) Susut nilai hartanah, loji dan peralatan
Kos hartanah, loji dan peralatan disusut nilai berdasarkan kaedah garis
lurus ke atas hayat kegunaan aset. Perubahan ke atas jangkaan tahap
penggunaan akan memberi kesan kepada hayat berguna ekonomi dan
nilai sisa aset tersebut, oleh yang demikian susut nilai masa depan
boleh disemak semula.
iii) Pendapatan cukai
Terdapat urus niaga tertentu dan perhitungan yang mana penentuan

cukai akhir mungkin berbeza daripada anggaran awal. Kumpulan dan
Perbadanan mengiktiraf liabiliti cukai berdasarkan pemahamannya
tentang undang-undang percukaian yang lazim dan anggaran sama ada
cukai tersebut akan dibayar dalam urusan biasa perniagaan. Jika cukai
akhir berbeza dari jumlah yang pada awalnya diiktiraf, perbezaan
tersebut akan memberi kesan kepada cukai pendapatan dan peruntukan
cukai tertunda dalam tempoh penentuan yang dibuat.
96
14

Bagi Tahun Kewangan

NOTA-NOTA Berakhir
KEPADA PENYATA 31 Disember 2018 (Samb.)
KEWANGAN
iv) Klasifikasi pelaburan hartanah
Sebahagian hartanah terdiri daripada bahagian yang dipegang untuk

memperoleh pendapatan sewa atau peningkatan modal, atau untuk
kedua-duanya, dan sebahagian yang lain dipegang untuk digunakan
dalam pengeluaran atau pembekalan barang dan perkhidmatan atau
untuk tujuan pentadbiran. Jika bahagian yang dipegang untuk
penyewaan dan atau peningkatan modal boleh dijual secara berasingan
(atau dipajak secara berasingan sebagai pajakan kewangan), Kumpulan
mengklasifikasikan bahagian tersebut sebagai harta pelaburan. Jika
bahagian yang dipegang untuk penyewaan dan / atau peningkatan
modal tidak boleh dijual atau dipajak secara berasingan, ia
diklasifikasikan sebagai harta pelaburan hanya jika sebahagian kecil
daripada harta itu dipegang untuk digunakan dalam pengeluaran atau
bekalan atau barangan dan perkhidmatan atau untuk tujuan
pentadbiran. Pengurusan menggunakan pertimbangan untuk
menentukan sama ada apa-apa perkhidmatan sokongan adalah penting
bahawa harta tidak layak sebagai harta pelaburan.
DRAFT
v) Rosotnilai penghutang perdagangan
Rosotnilai diiktiraf apabila terdapat perubahan ke atas aset kewangan.

Pihak pengurusan secara khusus mengkaji semula pinjaman dan
penghutangnya dan menganalisis hutang lapuk terdahulu, perhatian
pelanggan, kepercayaan kredit pelanggan, trend ekonomi semasa dan
perubahan dalam terma pembayaran pelanggan apabila membuat
pertimbangan dalam menilai kerugian rosotnilai. Jika terdapat bukti
objektif kemerosotan nilai, amaun dan masa aliran tunai masa hadapan
dianggarkan berdasarkan pengalaman kerugian terdahulu untuk aset
yang mempunyai ciri-ciri risiko kredit yang serupa. Jika jangkaan adalah
berbeza daripada anggaran, perbezaan tersebut akan memberi impak
kepada nilai penghutang yang dibawa kehadapan.
vi) Nilai Saksama Aset Kewangan Dan Liabiliti Kewangan
Nilai asset dan liabiliti kewangan ditentukan oleh nilai saksama, yang
mana anggaran dan pertimbangan perakaunan digunakan. Sekiranya
Kumpulan dan PKNS menggunakan kaedah pengukuran yang berbeza,
nilai saksama akan berubah walaupun kompenen penting dalam
pengukuran nilai saksama boleh ditentusahkan dan mempunyai bukti
objektif. Sebarang perubahan dalam nilai saksama aset dan liabiliti ini
akan menjejaskan keuntungan dan/atau ekuiti Kumpulan.
97
15


vii) Aset cukai tertunda

Aset cukai tertunda diiktiraf hanya pada tahap sekiranya untung boleh
cukai pada masa hadapan berkemungkinan diperolehi dan boleh
digunakan untuk mengimbangi perbezaan sementara. Aset cukai
tertunda akan disemak semula pada akhir setiap tempoh pelaporan dan
dikurangkan ke tahap yang tidak lagi berkemungkinan bahawa manfaat
cukai berkaitan akan direalisasikan.
2. DASAR-DASAR PERAKAUNAN UTAMA
Dasar-dasar perakaunan yang dinyatakan di bawah telah diguna pakai secara

konsisten bagi semua tempoh yang dibentangkan di dalam penyata kewangan ini, dan
telah diguna pakai secara konsisten oleh Entiti Kumpulan, kecuali dinyatakan
sebaliknya.
(a) Asas Penyatuan
(i) Subsidiari-subsidiari DRAFT
Subsidiari merupakan entiti (termasuk entiti untuk tujuan khas) di bawah

kawalan Perbadanan. Penyata kewangan syarikat-syarikat subsidiari akan
dimasukkan dalam penyata kewangan yang disatukan mulai tarikh kawalan
diperoleh sehingga tarikh kawalan tersebut tamat.
Pelaburan dalam syarikat-syarikat subsidiari ini diukur dalam penyata

kedudukan kewangan Perbadanan pada kos ditolak kerugian rosot nilai. Kos
pelaburan termasuk kos transaksi.
(ii) Gabungan perniagaan
Kombinasi perniagaan diambil kira menggunakan kaedah perakaunan

pengambilalihan dari tarikh pengambilalihan, iaitu tarikh pelaksanaan
pengambilalihan berkuatkuasa. Kos pengambilalihan diukur sebagai agregat:
 nilai saksama, pada tarikh pengambilalihan asset diperolehi, liabiliti yang

ditanggung atau diandaikan, dan instrumen ekuiti yang dikeluarkan oleh
pengambil-alih, dalam pertukaran untuk pelaksanaan pengambilalihan ke
atas syarikat yang diambil alih, dan
 perbelanjaan yang berkaitan secara langsung dengan pengambilalihan.
98
16

Bagi Tahun Kewangan

NOTA-NOTA Berakhir
KEWANGAN
2. DASAR-DASAR PERAKAUNAN UTAMA (SAMB.)
(a) Asas Penyatuan (samb.)
(ii) Gabungan perniagaan (samb.)
Jika syarikat bersekutu atau entiti dikawal bersama menjadi syarikat

subsidiari, Kumpulan mengukur semula kepentingan ekuiti yang dipegang
sebelum ini kepada nilai saksama dan mengiktiraf keuntungan atau kerugian
yang terhasil, jika ada, diiktiraf dalam penyata untung atau rugi. Jumlah
dibawa yang dinilai semula menjadi sebahagian daripada kos penggabungan
perniagaan.
Apabila kos pengambilalihan adalah lebih daripada kepentingan Kumpulan

pada nilai saksama bersih aset-aset, liabiliti-liabiliti dan liabiliti kontingen
yang diiktiraf, lebihan tersebut diiktiraf sebagai muhibbah. Apabila lebihan
adalah negatif, keuntungan pembelian berpatutan diiktiraf secara serta merta
dalam penyata untung atau rugi.
Kepentingan bukan kawalan dinyatakan sama ada pada nilai saksama atau
bahagian bersekadar aset bersih pengambilalihan tersebut pada tarikh
pengambilalihan.
(iii) Pengambilalihan kepentingan bukan kawalan

DRAFT
Kumpulan menganggap semua perubahan dalam pemilikan kepentingan

dalam subsidiari yang tidak menyebabkan kehilangan kawalan sebagai urus
niaga ekuiti antara Kumpulan dengan kepentingan bukan kawalan itu.
Sebarang perbezaan antara bahagian aset bersih Kumpulan sebelum dan
selepas perubahan tersebut, dan sebarang pertimbangan yang diterima atau
dibayar, diselaraskan kepada atau terhadap rizab Kumpulan.
(iv) Kehilangan Kawalan
Apabila kawalan ke atas subsidiari hilang, Kumpulan akan mengiktiraf

perbezaan di antara hasil pelupusan subsidiari dan jumlah amaun dibawa
pada tarikh pelupusan. Jika Kumpulan mengekalkan kepentingan dalam
bekas subsidiari, maka pelaburan itu diambil kira sebagai aset kewangan
mulai tarikh entiti terhenti menjadi subsidiari, dengan syarat bahawa
subsidiari tidak menjadi sebuah entiti bersekutu atau entiti kawalan bersama.
Amaun dibawa pelaburan pada tarikh entiti terhenti menjadi subsidiari
dianggap sebagai kos aset kewangan pada awal pengukuran.
17
99

Bagi Tahun KEPADA

NOTA-NOTA Kewangan Berakhir
PENYATA 31 Disember 2018 (Samb.)
KEWANGAN
(a) Asas Penyatuan (Samb.)
(v) Entiti-entiti sekutu
Entiti-entiti bersekutu adalah entiti, termasuk entiti yang tidak diperbadankan,

di mana Kumpulan mempunyai kepentingan ekuiti jangka panjang dan di
mana ia melaksanakan pengaruh penting tetapi tiada kawalan terhadap
polisi-polisi kewangan dan operasi.
Pelaburan dalam syarikat sekutu diambil kira dalam penyata kewangan yang
disatukan menggunakan kaedah perakaunan ekuiti ditolak kerugian rosot
nilai. Kos pelaburan termasuk kos transaksi. Penyata kewangan yang
disatukan meliputi bahagian Kumpulan dalam keuntungan selepas
pengambilalihan penyata untung atau rugi dan pendapatan komprehensif
lain entiti-entiti bersekutu. Selepas pelarasan, jika ada, untuk menyesuaikan
dasar perakaunan dengan dasar Kumpulan, dari tarikh pengaruh penting
bermula sehingga tarikh pengaruh penting berakhir.
Apabila bahagian kerugian Kumpulan selepas pengambilalihan melebihi

kepentingannya dalam entiti bersekutu, jumlah dibawa kepentingan itu
termasuk sebarang pelaburan jangka panjang, dikurangkan kepada sifar,
dan pengiktirafan kerugian seterusnya dihentikan kecuali dalam keadaan di
mana Kumpulan mempunyai tanggungjawab atau telah membuat
DRAFT
pembayaran bagi pihak entiti bersekutu.
Apabila Kumpulan tidak lagi mempunyai pengaruh penting atas entiti

bersekutu, sebarang faedah tertahan dalam bekas entiti bersekutu pada
tarikh pengaruh penting hilang diukur pada nilai saksama dan jumlah ini
dianggap sebagai nilai dibawa permulaan sesuatu aset kewangan.
Perbezaan antara nilai saksama sebarang faedah serta hasil kutipan
daripada kepentingan yang dilupusan, dan nilai dibawa pelaburan pada
tarikh apabila kaedah ekuiti dihentikan diiktiraf dalam penyata untung atau
rugi.
Apabila kepentingan Kumpulan dalam syarikat sekutu berkurang tetapi tidak

menyebabkan kehilangan kuasa, sebarang faedah terkumpul tidak dinilai
semula. Sebarang untung atau rugi yang timbul daripada penurunan dalam
faedah diiktiraf dalam penyata untung atau rugi. Sebarang untung atau rugi
yang sebelum ini diiktiraf dalam pendapatan komprehensif lain juga
dikelaskan bersekadaran dengan untung atau rugi, jika keuntungan atau
kerugian itu akan dikehendaki untuk dikelaskan semula kepada untung atau
rugi atas pelupusan aset atau liabiliti yang berkaitan.
Pelaburan dalam syarikat sekutu diukur dalam penyata kedudukan

kewangan Perbadanan pada kos ditolak sebarang kerugian rosot nilai. Kos
pelaburan termasuk kos transaksi.
100
18

Bagi Tahun Kewangan

NOTA-NOTA Berakhir
KEWANGAN
(vi) Entiti Usahasama
Entiti usahasama adalah entiti yang dikawal bersama di mana Kumpulan

mempunyai kawalan secara bersama ke atas aktiviti ekonominya seperti
termaktub di dalam persetujuan kontrak.
Entiti usahasama telah dikelaskan dan diambilkira sebagai berikut:
 Entiti usahasama dikelaskan sebagai “operasi dikawal bersama”

apabila operasi usahasama melibatkan penggunaan aset dan
sumber lain Kumpulan atau Perbadanan, dan bukannya
penubuhan suatu perbadanan, perkongsian atau entiti lain, atau
struktur kewangan yang berasingan daripada Kumpulan atau
Perbadanan sendiri. Kumpulan atau Perbadanan menggunakan
hartanah, loji dan peralatan sendiri dan membawa inventori
sendiri. Kumpulan atau Syarikat juga menanggung perbelanjaan
dan liabiliti sendiri dan memperoleh sumber kewangan sendiri,
yang mewakili obligasi sendiri. Kegiatan usahasama yang
dijalankan oleh kakitangan Kumpulan atau Perbadanan, bersama
dengan aktiviti-aktiviti yang serupa. Kumpulan atau Perbadanan
mengiktiraf aset yang dikawal dan liabiliti yang ditanggung
DRAFT
olehnya, serta perbelanjaan yang ditanggung dan bahagian

pendapatan yang diperolehinya daripada penjualan barangan atau
perkhidmatan melalui usahasama itu.
 Entiti usahasama dikelaskan sebagai “aset dikawal bersama”

apabila Kumpulan atau Perbadanan menyumbang satu atau lebih
aset kepada usahasama yang mempunyai kawalan bersama, atau
memperoleh aset dan mendedikasikan aset kepada usahasama
itu. Kumpulan atau Perbadanan mengiktiraf bahagiannya dalam
aset dikawal bersama, yang dikelaskan berdasarkan sifat aset,
liabiliti yang perlu ditanggung, dan bahagiannya dalam liabiliti yang
ditanggung bersama-sama dengan pengusahasama lain,
berhubung dengan usahasama itu. Kumpulan atau Perbadanan
juga mengiktiraf pendapatan yang diperolehi daripada jualan atau
penggunaan bahagian pengeluaran usahasama itu, bersama-
sama dengan bahagian perbelanjaan yang ditanggung oleh
usahasama itu, dan apa-apa perbelanjaan yang telah ditanggung
berkenaan dengan kepentingannya dalam usahasama.
19
101

Bagi Tahun Kewangan

NOTA-NOTA Berakhir
KEWANGAN
(vi) Entiti Usahasama (samb.)
 Entiti usahasama dikelaskan sebagai “entiti dikawal bersama”

apabila ia melibatkan penubuhan suatu perbadanan, perkongsian
atau entiti lain di mana Kumpulan mempunyai kepentingan.
Kumpulan mempunyai kawalan bersama ke atas aktiviti ekonomi
usahasama berdasarkan pengaturan kontrak antara Kumpulan
dan pengusahasama lain. Kumpulan mengambil kira
kepentingannya di dalam entiti dikawal bersama tersebut dengan
menggunakan kaedah ekuiti.
Kumpulan mengambil kira kepentingannya di dalam entiti usahasama
tersebut dengan menggunakan kaedah ekuiti. Pelaburan dalam entiti
usahasama ini diukur dalam penyata kedudukan kewangan Perbadanan
pada kos ditolak kerugian rosot nilai. Kos pelaburan termasuk kos
transaksi.
(vii) Kepentingan bukan kawalan
Kepentingan bukan kawalan pada akhir tarikh pelaporan, mewakili ekuiti

DRAFT
dalam syarikat subsidiari yang tidak boleh diagihkan, sama ada secara
langsung atau tak langsung kepada pemegang ekuiti Perbadanan,
dikemukakan dalam penyata kedudukan kewangan dalam ekuiti,
berasingan daripada ekuiti yang boleh diagihkan kepada pemegang saham
Perbadanan. Kepentingan bukan kawalan dalam bahagian Kumpulan
dibentangkan dalam penyata untung atau rugi yang disatukan dan
pendapatan komprehensif lain bagi tahun tersebut di antara kepentingan
bukan kawalan dengan pemegang saham Perbadanan.
Kerugian bahagian kepentingan bukan kawalan dalam subsidiari diagihkan

kepada kepentingan bukan kawalan walaupun ini menyebabkan
kepentingan bukan kawalan mempunyai baki defisit.
(viii) Transaksi dihapuskan semasa penyatuan
Baki dan transaksi antara kumpulan, termasuk pendapatan, perbelanjaan

dan dividen, telah dihapuskan sepenuhnya dalam penyediaan penyata
kewangan yang disatukan.
Keuntungan dan kerugian tidak nyata yang timbul daripada transaksi

dengan entiti-entiti bersekutu yang menggunakan kaedah perakaunan
ekuiti dan entiti usahasma telah dihapuskan daripada pelaburan setakat
kepentingan Kumpulan dalam penerima pelaburan. Kerugian tidak nyata
telah dihapuskan hanya setakat menjumpai bukti mengenai rosot nilai aset
dipindahkan.
20
102

Bagi Tahun Kewangan

NOTA-NOTA Berakhir
KEWANGAN
(b) Pertukaran matawang asing
Transaksi dalam matawang asing ditukarkan kepada mata wang fungsian bagi
setiap entiti dalam Kumpulan pada kadar pertukaran pada tarikh urus niaga.
Aset dan liabiliti kewangan yang didenominasikan dalam matawang asing pada
akhir tempoh pelaporan ditukarkan semula kepada mata wang fungsian pada
kadar pertukaran pada tarikh tersebut.
Aset dan liabiliti bukan kewangan yang didenominasikan dalam mata wang asing
pada akhir tempoh pelaporan tidak ditukarkan semula kepada mata wang
fungsian pada kadar pertukaran pada tarikh tersebut, kecuali aset dan liabiliti
bukan kewangan yang diukur pada nilai saksama akan ditukarkan semula
kepada mata wang fungsian pada kadar pertukaran pada tarikh nilai saksama
ditentukan.
(c) Instrumen Kewangan
(i) Pengiktirafan dan pengukuran awal
Aset kewangan atau liabiliti kewangan diiktiraf dalam penyata kedudukan

kewangan apabila dan hanya apabila, Kumpulan dan Perbadanan menjadi
salah satu pihak dalam peruntukan kontrak instrumen tersebut.
DRAFT
Instrumen kewangan diiktiraf pada mulanya pada harga transaksi (termasuk

kos transaksi kecuali dalam pengukuran awal aset kewangan atau liabiliti
kewangan yang diukur pada nilai saksama melalui keuntungan atau
kerugian) melainkan jika pengaturan merupakan, pada hakikatnya, transaksi
pembiayaan. Jika pengaturan itu menjadi suatu transaksi pembiayaan, aset
kewangan atau liabiliti kewangan diukur pada nilai semasa bayaran masa
hadapan yang didiskaun pada kadar faedah di pasaran bagi instrumen
hutang yang serupa.
(ii) Pengukuran berikutnya
Instrumen hutang yang memenuhi syarat-syarat berikut diukur pada kos yang
dilunaskan menggunakan kaedah faedah yang efektif:
(a) pulangan kepada pemegang boleh ditentukan, sebagai contohnya, amaun

tetap dan/atau kadar pulangan boleh ubah menanda aras dengan kadar
faedah yang disebut harga;
(b) tidak ada peruntukan kontrak yang boleh menyebabkan pemegang
kehilangan amaun prinsipal atau faedah yang boleh diagih pada tempoh
semasa atau sebelum; dan
(c) alternatif kepada bayaran pendahuluan, jika ada, adalah tidak bergantung
kepada peristiwa masa hadapan.
21
103

Bagi Tahun Kewangan

NOTA-NOTA Berakhir
KEWANGAN
(c) Instrumen Kewangan (samb.)
(ii) Pengukuran berikutnya (samb.)
Instrumen hutang yang diklasifikasikan sebagai aset semasa atau liabiliti

semasa diukur pada jumlah yang tidak didiskaunkan daripada tunai atau
balasan lain yang dijangka akan dibayar atau diterima kecuali pengaturan
merupakan, pada hakikatnya, transaksi pembiayaan.
Semua aset kewangan dan liabiliti kewangan lain yang bukan diukur pada
kos yang dilunaskan atau kos ditolak rosot nilai akan diukur pada nilai
saksama dengan perubahan diiktiraf dalam untung atau rugi.
Semua aset kewangan (kecuali bagi aset kewangan yang diukur pada nilai
saksama melalui untung atau rugi) dinilai pada setiap tarikh pelaporan sama
ada terdapat sebarang bukti objektif kemerosotan nilai. Kerugian rosot nilai
diukur seperti berikut:
• Untuk instrumen diukur pada kos yang dilunaskan, kerugian rosot nilai
adalah perbezaan antara amaun dibawa aset dan nilai semasa
anggaran aliran tunai didiskaunkan pada kadar faedah efektif asal aset.
• Untuk instrumen diukur pada kos ditolak rosot nilai, kerugian rosot nilai
adalah perbezaan di antara amaun dibawa aset dan anggaran terbaik
DRAFT
daripada jumlah yang akan diterima bagi aset tersebut jika ia dijual pada
tarikh pelaporan.
(iii) Penyahiktirafan
Aset kewangan atau sebahagian daripadanya hanya dinyahiktiraf apabila

hak kontraktual kepada aliran tunai dari aset kewangan tersebut berakhir
atau aset kewangan tersebut dipindahkan kepada pihak lain tanpa kawalan
dikekalkan atau sebahagian besar risko atau ganjaran hakmilik terhadap
aset kewangan tersebut. Ketika penyahiktirafan aset kewangan, perbezaan
antara amaun bawaan aset dan jumlah pertimbangan diterima, termasuk
apa-apa hak dan kewajiban yang baru diwujudkan, telah diiktiraf dalam
untung atau rugi.
Liabiliti kewangan atau sebahagian daripadanya hanya dinyahiktiraf apabila

tanggungjawab yang dikhususkan di dalam kontrak telah dilucutkan atau
dibatalkan atau cukup tempoh. Pada penyahiktirafan liabiliti kewangan,
perbezaan antara amaun bawaan liabiliti kewangan yang dihapuskan atau
dipindahkan kepada pihak lain dan jumlah pertimbangan yang dibayar,
termasuk apa-apa aset bukan tunai yang dipindahkan atau liabiliti
dianggarkan, diiktiraf dalam untung atau rugi.
22
104

Bagi Tahun Kewangan

NOTA-NOTA Berakhir
KEWANGAN
(d) Hartanah, Loji dan Peralatan
(i) Pengiktirafan dan pengukuran
Hartanah, loji dan peralatan dinyatakan pada kos ditolak susut nilai
terkumpul dan kerugian rosot nilai terkumpul, sekiranya wujud.
Kos termasuk perbelanjaan yang berkaitan secara langsung dengan

pengambilalihan aset dan kos-kos lain yang berkaitan secara langsung
untuk membawa aset kepada keadaan yang boleh diguna pakai untuk
tujuan kegunaannya, dan kos merungkai dan mengeluarkan barangan dan
memulihkan tapak di mana mereka berada. Kos aset yang dibina sendiri
termasuk kos bahan dan buruh langsung.
Pembelian perisian yang penting kepada fungsi peralatan yang berkaitan

dipermodalkan sebagai sebahagian daripada peralatan tersebut.
Apabila bahagian-bahagian penting sesuatu item hartanah, loji dan

peralatan mempunyai hayat kegunaan yang berbeza, ia diambil kira
sebagai item berasingan (komponen utama) hartanah, loji dan peralatan.
Untung atau rugi atas pelupusan sesuatu hartanah, loji dan peralatan
ditentukan dengan membandingkan perolehan daripada pelupusan dengan
DRAFT
jumlah dibawa hartanah, loji dan peralatan dan diiktiraf amaun bersih
dalam “pendapatan lain” atau “perbelanjaan lain” masing-masing dalam
penyata untung atau rugi.
(ii) Kos berikutnya
Kos untuk menggantikan komponen sesuatu hartanah, loji dan peralatan

diiktiraf dalam amaun dibawa bagi item tersebut jika ada kebarangkalian
bahawa manfaat ekonomi masa depan yang terangkum dalam komponen
tersebut akan mengalir ke Kumpulan atau Perbadanan dan kosnya boleh
diukur pasti. Amaun dibawa bagi komponen yang diganti diiktiraf dalam
untung atau rugi. Kos penyelenggaraan harian hartanah, loji dan peralatan
diiktiraf dalam untung atau rugi bila berlaku.
23
105
Nota-nota
(Ditubuhkan di MalaysiaKepada Penyata Kewangan
di bawah Enakmen No. 4, 1964 Negeri Selangor)
(d) Hartanah, Loji dan Peralatan (samb.)
(iii) Susut nilai
Susut nilai adalah berdasarkan kos aset ditolak nilai baki. Komponen
penting aset individu dinilai dan jika komponen mempunyai hayat berguna
yang berbeza daripada baki aset itu, maka komponen tersebut disusutnilai
berasingan.
Kadar-kadar susutnilai tahunan yang digunakan adalah seperti berikut:
%
Bangunan 2 – 10
Tanah Pajakan (Leasehold Land) 99 tahun
Loji dan jentera 10 – 20
Kenderaan bermotor 20
Peralatan pejabat 10 – 20
Komputer 20 – 50
Perabot dan kelengkapan 10 – 33
Keuntungan atau kerugian atas jualan adalah ditentukan dengan

membandingkan perolehan dengan amaun pembawa aset di mana
perbezaannya akan diambilkira sebagai keuntungan atau kerugian dari
DRAFT
operasi.
(e) Aset tidak ketara
(i) Muhibbah
Muhibbah timbul daripada penggabungan perniagaan dan diukur pada

mulanya pada kosnya. Selepas pengiktirafan awal, Kumpulan menilai
muhibbah yang diperolehi dalam gabungan perniagaan pada kos ditolak
pelunasan terkumpul dan rosot nilai yang terkumpul.
Muhibbah timbul daripada pengambilalihan entiti-entiti bersekutu yang

mengambil kira kaedah perakaunan ekuiti dan entiti usahasama akan
direkodkan sebagai sebahagian daripada amaun dibawa dari tarikh
pengambilalihan. Kumpulan melaraskan bahagian keuntungan dan
kerugiannya daripada entiti bersekutu dan entiti usahasama selepas
pengambilalihan untuk mengambil kira pelunasan muhibbah.
106
24
Nota-nota
(e) Aset tidak ketara (Samb.)
(ii) Aset tidak ketara yang lain
Aset tidak ketara yang lain diukur pada kos ditolak pelunasan yang
terkumpul dan rosot nilai yang terkumpul.
Aset tidak ketara yang dijana secara dalaman, temasuklah perbelanjaan

untuk penyelidikan dan pembangunan, adalah perbelanjaan dalam untung
atau rugi, melainkan jika ia membentuk sebahagian daripada kos aset yang
lain.
(iii) Pelunasan
Pelunasan adalah berdasarkan kepada kos aset ditolak nilai baki.

Pelunasan diiktiraf dalam untung atau rugi menggunakan kaedah garis
lurus sepanjang anggaran jangka hayat berguna bagi aset tidak ketara dari
tarikh aset tersebut sedia untuk diguna pakai. Anggaran jangka hayat
berguna untuk tempoh semasa dan sebelum adalah seperti berikut:
• Muhibbah 10 tahun
Jika ada indikasi bahawa ada perubahan dalam nilai baki atau jangka hayat
DRAFT
berguna untuk aset tidak ketara sejak tarikh pelaporan tahunan yang lepas,
Kumpulan akan mengkaji semula anggaran sebelumnya dan, jika
anggaran kini berbeza, Kumpulan akan meminda nilai baki, kaedah
pelunasan atau jangka hayat berguna.
(f) Pelaburan Hartanah
Pelaburan hartanah adalah hartanah yang dimiliki atau dipegang di bawah

kepentingan pegangan pajak untuk memperolehi pendapatan sewa atau untuk
peningkatan modal atau untuk kedua-duanya, tetapi bukan untuk jualan dalam
perniagaan biasa, digunakan dalam pengeluaran atau bekalan barangan atau
perkhidmatan atau untuk tujuan pentadbiran.
Pelaburan hartanah diukur pada mulanya pada kos. Kos termasuk perbelanjaan
yang berkaitan secara langsung dengan pemerolehan pelaburan hartanah. Kos
pelaburan hartanah yang dibina sendiri termasuk kos bahan dan kos buruh
langsung, kos lain yang berkaitan secara langsung untuk membawa pelaburan
hartanah kepada keadaan berfungsi untuk tujuan penggunaannya.
Nilai saksama pelaburan hartanah tidak boleh diukur dengan pasti tanpa kos
atau usaha yang tidak wajar. Kos berikutnya bagi keseluruhan pelaburan
hartanah telah diambil kira mengikut polisi hartanah, loji dan peralatan.
107
25
Nota-nota
(f) Pelaburan Hartanah (samb.)
Jika ukuran nilai saksama yang boleh dipercayai tidak boleh didapati tanpa kos
yang tidak wajar atau usaha yang tidak wajar untuk item pelaburan hartanah,
item tersebut diklasifikasikan sebagai hartanah, loji dan peralatan dan diukur
pada kos ditolak susut nilai terkumpul dan rosot nilai terkumpul sehingga ukuran
nilai saksama yang boleh dipercayai wujud. Jumlah dibawa untuk pelaburan
hartanah pada tarikh tersebut menjadi kosnya.
Untung atau rugi nilai saksama yang timbul daripada pengelasan semula
hartanah, loji dan peralatan kepada pelaburan hartanah diiktiraf dalam untung
atau rugi.
Pelaburan hartanah tidak diiktiraf atas pelupusannya, atau apabila ia tidak lagi
digunakan dan dijangkakan tidak akan lagi memberi manfaat kepada ekonomi
pada masa hadapan daripada pelupusannya. Perbezaan antara hasil pelupusan
bersih dan jumlah dibawa diiktiraf dalam untung atau rugi untuk tempoh di mana
item tidak diiktiraf.
(g) Inventori
Inventori dinyatakan pada kos lebih rendah dan anggaran harga jualan setelah
ditolak kos penyiapan dan jualan. Inventori terdiri daripada rumah, rumah kedai,
DRAFT
dan bangunan yang siap dibina, inventori pengeluaran dan barangan setor am.
Kos inventori dikira menggunakan kaedah purata timbangan atau di atas dasar
pengenalan yang tertentu.
Pada setiap tarikh pelaporan, Kumpulan akan menilai sama ada terdapat mana-
mana inventori yang perlu dirosotnilai dengan membuat perbandingan di antara
nilai bawaan setiap item inventori atau kumpulan barangan yang sama dengan
harga jualan ditolak kos penyiapan dan jualan. Sekiranya terdapat inventori atau
kumpulan barangan yang sama perlu dirosotnilai, Kumpulan akan
mengurangkan nilai bawaan inventori atau kumpulan barangan yang sama
tersebut kepada harga jualan ditolak kos penyiapan dan jualan. Kurangan yang
wujud ialah rugi rosotnilai dan akan diiktiraf dengan serta-merta ke dalam
penyata untung rugi.
Sekiranya tidak praktikal untuk menentukan harga jualan setelah inventori ditolak
dengan kos penyiapan dan jualan bagi setiap item, item inventori yang berkaitan
dengan barisan produk yang sama yang mempunyai tujuan atau kegunaan yang
sama dan dikeluarkan dan dipasarkan di kawasan geografi yang sama akan
dikumpul bersama bagi menilai kemerosotan nilai inventori.
108
26
Nota-nota
(Ditubuhkan di MalaysiaKepada Penyata
No. 4, 1964 NegeriKewangan
di bawah Enakmen Selangor)
(h) Harta Hartanah
Harta hartanah melipuli tanah yang dimiliki untuk pembangunan masa depan dan
dinyatakan pada kos pembelian termasuk semua kos berkaitan yang ditanggung
selepas pembelian ke atas aktivili yang diperlukan untuk menyediakan tanah
tersebut untuk kegunaan yang dicadangkan.
Harta-harta sedemikian dipindahkan ke akaun projek kemajuan hartanah apabila

kerja pembangunan yang besar telah dijalankan dan dijangka akan disiapkan
dalam tempoh kitaran operasi biasa.
(i) Projek Kemajuan Hartanah
Kos kerja-kerja pembangunan hartanah dinyatakan sebagai projek kemajuan

hartanah di dalam harta semasa atau tanggungan semasa apabila kerja-kerja
pembangunan yang besar telah dilaksanakan dan dijangka akan siap dalam
tempoh kitaran operasi biasa. Projek kemajuan hartanah merangkumi kos yang
berkaitan dengan pembelian tanah dan semua kos yang berkait secara langsung
dengan aktiviti pembangunan atau kos yang boleh diperuntukkan menggunakan
kaedah yang bersesuaian dengan aktiviti ini.
Perbelanjaan pembangunan adalah kos untuk projek kemajuan yang

merangkumi kos tanah, kos bangunan, gantirugi kepada penduduk-penduduk
DRAFT
setinggan, pembayaran faedah, ganjaran professional dan lain-lain perbelanjaan

yang meliputi aktiviti-aktiviti kemajuan. Perolehan dan keuntungan daripada
aktiviti-aktiviti kemajuan hartanah diiktiraf berdasarkan kadar peratusan
penyudahan kerja pembangunan ke atas unit-unit hartanah yang dijual. Kerugian
yang dijangkakan diambilkira sepenuhnya apabila ianya dikenalpasti.
Tuntutan kemajuan terakru ialah perolehan projek kemajuan hartanah yang

diiktiraf yang melebihi tuntutan kepada pembeli-pembeli manakala tuntutan
kemajuan terdahulu ialah tuntutan kepada pembeli-pembeli melebihi perolehan
projek kemajuan hartanah yang diiktiraf di dalam penyata untung rugi dan lain-
lain pendapatan komprehensif.
109
27
Nota-nota
(j) Kontrak Dalam Pembinaan
Apabila hasil daripada kontrak boleh dianggarkan dengan pasti, pendapatan dan
kos diiktiraf dengan merujuk kepada peratusan siap kerja aktiviti kontrak pada
tarikh penyata kedudukan kewangan, diukur mengikut nisbah kos kontrak
dibelanjakan bagi kerja-kerja yang terkini dijalankan kepada jumlah kos yang
dianggarkan bagi kontrak tersebut. Perbezaan di dalam kerja-kerja kontrak dan
tuntutan diambilkira hingga ke tahap jumlah yang dipersetujui dengan pelanggan.
Apabila hasil dari kontrak tidak boleh dianggarkan dengan pasti, pendapatan
kontrak diiktiraf ke tahap ianya dijangka boleh diperolehi bagi kos kontrak yang
telah dibelanjakan. Kos kontrak diiktiraf sebagai perbelanjaan dalam tempoh di
mana ianya telah dibelanjakan.
Apabila dijangkakan bahawa jumlah kos kontrak akan melebihi jumlah

pendapatan kontrak, kerugian yang dijangka akan diiktiraf sebagai perbelanjaan
dengan segera ke dalam penyata untung rugi dan lain-lain pendapatan
komprehensif sebagai peruntukan untuk jangkaan kerugian.
(k) Jumlah Terhutang daripada/kepada Pelanggan Kontrak
Jumlah terhutang daripada pelanggan kontrak mewakili amaun kasar yang

DRAFT
belum dibilkan yang dijangka akan dikutip daripada pelanggan untuk kerja-kerja
kontrak yang telah disiapkan sehingga tarikh pelaporan. Ia diukur pada kos
setelah ditambah keuntungan diiktiraf sehingga tarikh pelaporan dan ditolak
dengan pembilan berperingkat dan kerugian diiktiraf. Kos termasuklah semua
perbelanjaan langsung yang dilibatkan kepada projek-projek tertentu dan
peruntukkan overhed tetap dan berubah yang dilibatkan dalam aktiviti kontrak
Kumpulan berdasarkan kapasiti operasi normal. Jika pembilan berperingkat
melebihi kos yang ditanggung ditambah keuntungan diiktiraf, maka perbezaan
tersebut dilaporkan sebagai jumlah terhutang kepada pelanggan kontrak yang
merupakan sebahagian daripada pendapatan tertunda dalam penyata
kedudukan kewangan.
(l) Tunai dan Kesetaraan Tunai
Tunai dan kesetaraan tunai terdiri daripada tunai di tangan, baki dan deposit di
bank dan pelaburan-pelaburan dengan tahap kecairan yang tinggi yang
mempunyai kurang risiko perubahan dalam nilai saksama dan mempunyai
tempoh matang asal selama tiga bulan atau kurang, dan digunakan oleh
Kumpulan dan syarikat dalam menguruskan komitmen kewangan mereka.
110
28
Nota-nota
(m) Kemerosotan Nilai Aset Bukan Kewangan
Amaun dibawa aset bukan kewangan (contoh: hartanah, loji dan peralatan,
pelaburan hartanah dan aset tidak ketara) akan dinilai semula di akhir setiap
tempoh pelaporan untuk melihat kewujudan petunjuk-petunjuk rosotnilai.
Sekiranya mana-mana petunjuk sedemikian wujud, amaun boleh pulih bagi aset
tersebut perlulah dianggarkan.
Bagi tujuan ujian kemerosotan nilai, aset-aset dikumpulkan bersama kepada

kumpulan-kumpulan aset yang kecil yang menjana tunai daripada penggunaan
berterusan yang sebahagian besarnya bebas daripada aliran tunai daripada lain-
lain aset atau unit penjanaan tunai. Bagi tujuan ujian kemerosotan nilai
muhibbah, unit penjanaan tunai di mana muhibbah telah diperuntukkan akan
diagregatkan supaya tahap di mana ujian rosot nilai dilakukan akan
mencerminkan tahap terendah di mana muhibbah akan dipantau untuk tujuan
pelaporan dalaman. Muhibbah yang diperoleh daripada pengabungan, untuk
tujuan ujian kemerosotan nilai, mewujudkan peruntukkan kepada unit penjanaan
tunai atau sekumpulan unit penjanaan tunai yang dijangka akan mendapat
manfaat daripada sinergi pengabungan tersebut.
Amaun boleh pulih sesuatu aset atau unit penjanaan tunai adalah lebih tinggi
daripada nilai saksama ditolak kos jualan dan nilai dalam penggunaan. Dalam
membuat penilaian nilai yang digunakan, anggaran alir tunai masa hadapan akan
DRAFT
didiskaunkan kepada nilai semasanya menggunakan kadar diskaun sebelum

cukai yang menggambarkan penilaian pasaran semasa bagi nilai masa wang dan
risiko khusus keapada aset atau unit penjanaan tunai tersebut.
Rugi rosotnilai diiktiraf sekiranya nilai bawaan aset atau unit penjanaan tunai
yang berkaitan melebihi jumlah anggaran amaun yang boleh diperolehi semula.
Rugi rosotnilai diiktiraf di dalam penyata untung rugi. Rugi rosotnilai diiktiraf bagi
unit penjanaan tunai akan diperuntukkan terlebih dahulu bagi mengurangkan
amaun bawaan mana-mana muhibbah yang diperuntukkan kepada unit
penjanaan tunai (kumpulan-kumpulan unit penjanaan tunai) menggunakan asas
pro rata.
Kerugian rosot nilai yang disebabkan oleh muhibbah tidak boleh diterbalikkan.
Berkenaan dengan aset lain, kerugian rosot nilai diiktiraf dalam tempoh
sebelumnya telah dinilai pada akhir setiap tempoh pelaporan bagi mengesan
sebarang tanda bahawa kerugian telah berkurangan atau tidak lagi wujud.
Kerugian rosot nilai diiktiraf boleh dibalikkan jika terdapat perubahan dalam
anggaran yang digunakan untuk menentukan amaun belum diterima sejak
kerugian rosot nilai yang lepas telah diiktiraf. Kerugian rosot nilai akan dibalikkan
hanya sekiranya nilai bawaan aset tidak melebihi nilai bawaan yang akan
ditentukan, nilai bersih susutnilai atau pelunasan, jika tiada kerugian rosot nilai
telah diiktirafkan. Kerugian rosot nilai dikreditkan ke dalam penyata untung rugi
tahun kewangan semasa di mana keterbalikan tersebut diiktiraf.
111
29


(n) Manfaat Kakitangan
(i) Manfaat warga kerja jangka pendek
Upah, gaji, bonus dan caruman keselamatan sosial diiktiraf sebagai

perbelanjaan pada tahun di mana perkhidmatan yang berkaitan diberikan
oleh pekerja Kumpulan dan PKNS. Pampasan ketidakhadiran terkumpul
jangka pendek seperti cuti tahunan berbayar diiktiraf bila perkhidmatan
yang diberi oleh pekerja akan menambahkan hak untuk pampasan
ketidakhadiran akan datang, dan pampasan ketidakhadiran tidak terkumpul
jangka pendek seperti cuti sakit diiktiraf bila ketidakhadiran berlaku.
(ii) Pelan caruman tertakrif
Kumpulan dan Perbadanan tertakluk oleh undang-undang untuk membuat

caruman bulanan ke Kumpulan Wang Simpanan Pekerja (KWSP), satu
badan berkanun yang menentukan pelan caruman untuk kakitangan yang
layak berdasarkan kepada kadar gaji kakitangan. Caruman tersebut
diambilkira sebagai perbelanjaan dalam penyata untung rugi dan lain-lain
pendapatan komprehensif apabila dibelanjakan.
(iii) Ganjaran persaraan DRAFT
Terdapat anak syarikat yang membiayai skim persaraan untuk kakitangan

yang telah melebihi 5 tahun perkhidmatan atau kematian pekerja tersebut.
Di bawah skim ini, ganjaran persaraan juga akan diberikan kepada pekerja
yang telah berkhidmat sekurang-kurangnya 10 tahun perkhidmatan pada
tarikh persaraan sendiri atau atas sebab-sebab perubatan.
Ganjaran persaraan ini dikira berdasarkan kepada kadar emolumen

semasa semua pekerja yang layak termasuk elaun perumahan dan
jangkamasa perkhidmatan mereka sehingga tahap liabiliti kontrak anak
syarikat pada akhir tahun. Peruntukan penuh dibuat untuk semua pekerja.
(o) Peruntukan
Peruntukan dibuat apabila Kumpulan atau Perbadanan menunjukkan obligasi

yang sah dari segi undang-undang dan berdasarkan dari transaksi-transaksi
yang lepas, yang memungkinkan aliran keluar sumber-sumber diperlukan untuk
melangsaikan obligasi tersebut, dan bila anggaran munasabah bagi jumlah
tersebut dapat dibuat.
112
30
PERBADANANKEMAJUAN
KEMAJUANNEGERI
NEGERISELANGOR
SELANGOR
PERBADANAN
(Ditubuhkan di Malaysia di bawah Enakmen No.4,4,1964
(Ditubuhkan di Malaysia di bawah Enakmen No. 1964Negeri
NegeriSelangor)
Selangor)

PENYATA PENDAPATAN
BAGI TAHUN KEWANGANKOMPREHENSIF
BERAKHIR 31 DISEMBER 2018 (SAMB.)
Kumpulan Perbadanan
(p) Perbelanjaan Tertunda 2018 2017 2018 2017
Nota RM’000 RM’000 RM’000 RM’000
Perbelanjaan tertunda, yang mana mempunyai manfaat ekonomi, dinyatakan
Pendapatan pada kos setelah ditolak 3 1,001,294 922,258
pelunasan. Perbelanjaan 468,685 Kumpulan
tertunda 397,553
merangkumi:- 283,679 104,189 89,299 91,184
(i)
Kos projek kemajuan Tapak perkumuhan
hartanah
diiktiraf 15 (179,107) (305,024) (142,438) (200,634)
Perbelanjaan
Kos kontrak diiktiraf yang ditanggung ke
(34,790) atas tapak
(33,633) perkumuhan dilunaskan
- -
Kos perlaksanaanberdasarkan penggunaan tempat
perkhidmatan perkumuhan.(174,806)
(209,176) - -
Kos kakitangan 4 (169,066) (175,575) (95,039) (101,324)
(ii) lojiGas
Susutnilai hartanah, dan perkumuhan tapak
peralatan 7 (38,433) (24,445) (6,916) (6,673)
Perbelanjaan
Susutnilai pelaburan hartanahyang ditanggung
12 projek
(5,438) gas perkumuhan
(5,455) dilunaskan
(5,211)sepanjang
(5,203)
tempohoperasi
Lain-lain perbelanjaan kontrak membekalkan (362,039)
gas perkumuhan tapak selama (194,648)
(211,611) 4 tahun. (162,040)
(q) operasi
Keuntungan Harta Pajakan 250,986 128,069 104,483 35,343
Kos kewangan 4 (84,223) (73,336) (62,035) (55,005)
Harta yang diperolehi secara pajakan kewangan ditakrif sebagai sesuatu yang
memindahkan risiko dan pulangan atas pemilikan harta pajakan kepada
Kumpulan atau PKNS. Harta pajakan dipermodalkan pada nilai yang sama
dengan jumlah pokok pajakan yang perlu dibayar. Faedah pajakan dimasukkan
pelaburan 5 71,345 25,747 68,588 135,621
DRAFT
ke dalam penyata untung rugi dan lain-lain pendapatan komprehensif

DRAFT
berdasarkan hayat pajakan.

zakat (r) Pendapatan 4 340,624 136,602 111,036 115,959
Zakat (4,388) (4,734) (3,118) (3,793)
Cukai 6 (4,134) (39,544) 40,390
Pendapatan bagi Kumpulan meliputi jualan rumah, kedai, kilang, pangsapuri,(14,253)
rumah pangsa dan tanah, sewaan harta, nilai diperakui dari kontrak pembinaan
Keuntungan selepas cukai dan kemajuan hartanah dan pendapatan dari operasi hotel dan
dan pendapatan
zakat 332,102invois barangan
penswastaan projek serta nilai agregat 148,308
92,324 yang dijual. 97,913
tanah Pendapatan bagi Perbadanan meliputi- jualan rumah, -
15,400kedai, kilang, pangsapuri, -
Kepentingan bukan kawalan (43,255) (17,056) -
rumah pangsa dan tanah, sewaan harta, nilai diperakui dari kontrak pembinaan -
dan projek kemajuan hartanah dan penswastaan projek.
Semasa(s)/ Jumlah pendapatan
Pengiktirafan Pendapatan
komprehensif 288,847 90,668 148,308 97,913
Pendapatan dari projek perumahan dan kontrak pembinaan jangka panjang dan
jualan tanah diambilkira mengikut kaedah peratusan penyudahan kerja
pembangunan berperingkat dan kaedah kesiapan keseluruhan di mana yang
berpatutan.
Pendapatan dari barangan yang dijual diambilkira berdasarkan nilai invois

selepas diskaun.
Pendapatan dividen dan faedah atas pelaburan diambilkira sebagai pendapatan

apabila ianya diterima.
Pendapatan
Nota-nota yang sewa
disertakan diambilkirasebahagian
merupakan mengikut kaedah akruan.
daripada penyata kewangan ini
113
31
3
Nota-nota
(t) Peruntukan Penutupan dan Kos Selepas Penutupan
Penutupan dan kos selepas penutupan terdiri daripada kos jangkaan yang akan
ditanggung oleh Kumpulan ke atas pengisian tapak perkumuhan. Peruntukan ke
atas penutupan dan kos selepas penutupan diakrukan berdasarkan kaedah
sistematik sepanjang tempoh yang dijangkakan untuk menyiapkan sesuatu tapak
perkumuhan.
(u) Geran-geran Daripada Kerajaan
Geran yang diterima daripada kerajaan untuk membiayai kos harta, loji dan
peralatan adalah dipadankan dengan amaun dibawa harta, loji dan peralatan
apabila geran tersebut telah digunakan. Pemberian ini kemudiannya dilunaskan
ke penyata untung rugi dan lain-lain pendapatan komprehensif mengikut jangka
hayat aset berkenaan, bersamaan nisbah susutnilai yang dikenakan ke atas aset
berkenaan.
(v) Kos Pinjaman
Kos pinjaman diiktiraf sebagai perbelanjaan dalam penyata untung atau rugi
pada tempoh kos ditanggung menggunakan kaedah faedah efektif.
(w) Cukai
DRAFT
Perbelanjaan cukai pendapatan merangkumi cukai semasa dan cukai tertunda.

Cukai semasa dan cukai tertunda diiktiraf dalam untung atau rugi kecuali setakat
cukai tersebut adalah berkaitan dengan penggabungan perniagaan atau butiran
diiktiraf terus dalam ekuiti atau pendapatan komprehensif lain.
Cukai semasa adalah cukai belum dibayar atau cukai belum terima yang
dijangkakan pada cukai pendapatan atau kerugian bagi tahun semasa,
menggunakan kadar cukai yang telah digubal atau digubal secara hakiki pada
akhir tempoh pelaporan, dan sebarang pelarasan ke atas cukai belum bayar bagi
tahun-tahun kewangan sebelumnya.
Cukai tertunda diiktiraf dengan menggunakan kaedah liabiliti, di atas perbezaan

sementara iaitu perbezaan di antara asas cukai aset dan liabiliti dan nilai buku di
dalam penyata kewangan. Walaubagaimanapun, cukai tertunda tidak diambil kira
di atas perbezaan sementara seperti berikut: pengiktirafan awal muhibbah,
pengiktirafan permulaan aset atau liabiliti di dalam urus niaga selain daripada
kombinasi perniagaan yang semasa urus niaga tersebut dan bahawa tidak
menjejaskan untung atau rugi perakaunan atau boleh cukai. Cukai tertunda
ditentukan menggunakan kadar cukai yang dijangkakan akan digunakan pada
perbezaan sementara apabila aset cukai tertunda berkenaan direalisasikan atau
liabiliti cukai tertunda selesai, berdasarkan undang-undang cukai yang telah
digubal atau digubal secara hakiki pada akhir tempoh pelaporan.
114
32
Nota-nota
(w) Cukai (samb.)
Di mana hartanah pelaburan dinyatakan pada nilai saksama menurut dasar

perakaunan yang dinyatakan dalam Nota 2(f), jumlah cukai tertunda diiktiraf
adalah ditentukan dengan menggunakan kadar cukai yang akan digunakan ke
atas penjualan aset-aset pada nilai buku pada tarikh pelaporan melainkan jika
harta boleh disusut nilai dan terikat dengan objektif untuk memperoleh
sebahagian besar daripada manfaat ekonomi yang terkandung dalam harta itu
dari masa ke masa, dan bukannya melalui jualan. Dalam semua kes-kes lain,
jumlah cukai tertunda diiktiraf diukur berdasarkan cara realisasi yang dijangkakan
atau penyelesaian nilai bawaan aset dan liabiliti, menggunakan kadar cukai yang
digubal atau digubal secara hakiki pada tarikh pelaporan. Aset dan liabiliti cukai
tertunda tidak didiskaunkan.
Aset dan liabiliti cukai tertunda akan diimbangi jika terdapat hak yang boleh
dikuatkuasakan untuk mengimbangi aset dan liabiliti cukai semasa, dan ia
berkaitan dengan cukai pendapatan yang dikenakan oleh pihak berkuasa cukai
yang sama atas entiti boleh dicukai yang sama, atau entiti cukai yang berbeza,
tetapi pihak bertujuan untuk menyelesaikan aset dan liabiliti cukai semasa pada
asas bersih atau cukai aset dan liabilitinya akan dikeluarkan secara serentak.
Aset cukai tertunda diiktiraf hanya pada tahap sekiranya untung boleh cukai pada
masa hadapan berkemungkinan diperolehi dan boleh digunakan untuk
DRAFT
mengimbangi perbezaan sementara. Aset cukai tertunda akan disemak semula

pada akhir setiap tempoh pelaporan dan dikurangkan ke tahap yang tidak lagi
berkemungkinan bahawa manfaat cukai berkaitan akan direalisasikan.
(x) Operasi yang Tidak Diteruskan
Operasi yang tidak diteruskan merupakan komponen Kumpulan yang telah

dilupuskan atau dipegang untuk jualan yang mewakili garis utama perniagaan
yang berasingan atau kawasan geografi operasi atau subsidiari yang diperolehi
secara eksklusif dengan tujuan untuk dijual semula. Apabila operasi
diklasifikasikan sebagai operasi yang tidak diteruskan, penyata pendapatan
komparatif untung rugi dan lain-lain pendapatan komprehensif dibentangkan
semula seolah-olah operasi telah dihentikan dari permulaan tempoh komparatif.
115
33
Nota-nota
(y) Luar Jangka
(i) Liabiliti luar jangka
Jika wujud kebarangkalian aliran keluar manfaat ekonomi yang tidak akan
diperlukan atau amaunnya tidak dapat diaanggar pasti, obligasi tersebut
tidak diiktiraf dalam penyata kedudukan kewangan dan dinyatakan
sebagai liabiliti luar jangka, melainkan kebarangkalian aliran keluar
manfaat ekonomi adalah tipis. Kemungkinan wujudnya obligasi hanya
dapat disahkan sekiranya berlaku atau tidak berlaku satu atau lebih
peristiwa masa depan juga didedahkan sebagai liabiliti luar jangka
melainkan kebarangkalian aliran keluar manfaat ekonomi adalah tipis.
(ii) Aset luar jangka
Apabila wujud kebarangkalian aliran masuk manfaat ekonomi atau

amaunnya tidak boleh dianggar pasti, aset tidak diiktiraf dalam penyata
kedudukan kewangan dan didedahkan sebagai aset luar jangka,
melainkan kebarangkalian aliran masuk manfaat ekonomi adalah tipis.
Kemungkinan kelayakan kewujudannya hanya dapat disahkan
sekirannya berlaku atau tidak berlaku satu atau lebih peristiwa masa
depan, ianya juga didedahkan sebagai aset luar jangka melainkan
kebarangkalian aliran masuk manfaat ekonomi adalah tipis.
DRAFT
(z) Pihak Berkaitan
Pihak yang berkaitan dengan Kumpulan dan PKNS adalah:-
(a) Seseorang atau ahli keluarga terdekat yang mempunyai

kaitan dengan Kumpulan dan PKNS jika:
i. Mempunyai kawalan atau kawalan bersama ke atas Kumpulan

dan PKNS;
ii. Mempunyai pengaruh penting ke atas Kumpulan dan PKNS;
iii. Adalah anggota kakitangan pengurusan utama.
Anggota keluarga terdekat ialah ahli keluarga Kumpulan dan PKNS yang
mempengaruhi, atau dipengaruhi dalam urusan perniagaan.
116
34
Nota-nota
(z) Pihak Berkaitan (Samb.)
(b) Pihak yang berkaitan dengan Kumpulan dan PKNS adalah seperti
berikut: -
i. Pihak Berkaitan dan Kumpulan dan PKNS adalah ahli kumpulan

yang sama (yang bermaksud bahawa setiap syarikat induk, anak
syarikat dan syarikat bersekutu yang mempunyai kaitan bersama).
ii. Syarikat bersekutu atau usahasama dari Pihak Berkaitan
yang lain (atau syarikat bersekutu atau usahasama anggota
kumpulan yang mana Pihak Berkaitan yang lain adalah ahli).
iii. Kedua-dua pihak mempunyai usahasama daripada pihak ketiga.
iv. Pihak Berkaitan mempunyai usahasama dengan pihak ketiga dan
Pihak Berkaitan yang lain merupakan syarikat bersekutu pihak
ketiga.
v. Pihak Berkaitan yang mendapat manfaat selepas persaraan
samaada Pihak Berkaitan tersebut adalah Kumpulan dan PKNS
atau yang berkaitan dengan Kumpulan dan PKNS. Jika
Kumpulan dan PKNS mendapat manfaat selepas persaraan,
majikan yang memberikan manfaat tersebut mempunyai kaitan
dengan Kumpulan dan PKNS.
vi. Pihak Berkaitan ini dikawal atau dikawal bersama oleh seseorang
DRAFT
yang dikenalpasti dalam (a) di atas.

vii. Seseorang yang dikenalpasti dalam (a) (i) di atas mempunyai
pengaruh penting ke atas Kumpulan dan PKNS atau merupakan
anggota kakitangan pengurusan utama Kumpulan dan PKNS.
viii. Pihak Berkaitan atau mana-mana ahli Syarikat yang mana ia
menjadi sebahagian, menyediakan perkhidmatan kakitangan
pengurusan utama kepada Kumpulan dan PKNS.
Pihak berkaitan juga termasuk kakitangan pengurusan utama yang ditakrifkan

sebagai orang yang mempunyai kuasa dan tanggungjawab untuk merancang,
mengarah dan mengawal aktiviti Kumpulan dan PKNS sama ada secara
langsung atau tidak langsung, termasuk mana-mana Ahli-ahli Perbadanan.
117
35
Nota-nota
3. PENDAPATAN
Kumpulan Perbadanan
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Projek kemajuan hartanah 370,522 380,141 194,437 125,335

Kontrak pembinaan 7,530 3,534 - -
Operasi hotel 19,809 19,077 - -
Projek penswastaan 27,474 111,133 27,474 111,133
Jualan bahan binaan 50,939 48,644 - -
Lain-lain 525,020 359,729 246,774 161,085
1,001,294 922,258 468,685 397,553
4. KEUNTUNGAN SEBELUM CUKAI DAN ZAKAT
Keuntungan sebelum cukai dan zakat diambilkira selepas mencajkan/(mengkreditkan):-
Kumpulan Perbadanan
2018 2017 2018 2017

RM’000 RM’000 RM’000 RM’000
DRAFT
Diskaun jualan rumah 13,402 8,352 13,402 8,352

Ganjaran juruaudit:
Tahun semasa 817 847 104 124
Ganjaran para pengarah:
Lain-lain ganjaran 440 274 - -
Yuran dan bonus 3,802 3,952 1,005 997
Kos kakitangan:
Gaji, upah dan bonus 120,346 128,993 57,713 69,083
KWSP 20,690 13,042 13,847 6,043
Lain-lain manfaat kakitangan 28,030 33,540 23,479 26,198
169,066 175,575 95,039 101,324
Kos kewangan terdiri daripada
faedah/caj atas:
Pinjaman berjangka 18,230 12,349 - -
Overdraf 30 495 - -
Sewabeli dan pajakan 136 164 - -
Penerimaan Juru bank 305 272 - -
Saham keutamaan boleh
tebus 2,011 4,257 - -
Lain-lain 63,511 55,799 62,035 55,005
84,223 73,336 62,035 55,005
118
36
Nota-nota
4. KEUNTUNGAN SEBELUM CUKAI (SAMB.)
Keuntungan sebelum cukai dan zakat diambilkira selepas mencajkan/(mengkreditkan):-
Kumpulan Perbadanan
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Belanja membaiki kerosakan
rumah 13,433 10,329 13,433 10,329
Sewa:
Jentera 5,227 3,129 - -
Lain-lain 3,352 13,337 - 9,864
(Pulih semula)/Peruntukan
rosot nilai projek kemajuan
(3,302) 815 - -
hartanah
Keuntungan dari pelupusan
Hartanah, loji, dan peralatan (416) (10,230) - -
Peruntukan hutang ragu 13,640 4,410 9,610 5,283
Peruntukan rosot nilai lain-lain
pelaburan 147 3 147 -
Susutnilai hartanah, loji &
peralatan 38,433 24,445 6,916 6,673
Susutnilai pelaburan hartanah 5,438 5,455 5,211 5,203
Ganti rugi dibubarkan (LAD) 10,889
DRAFT
6,066 1,411 6,066

Peruntukan ganjaran
persaraan 1,852 549 627 288
Pelunasan aset tidak nyata - 4 - -
Pelunasan pelaburan hartanah 343 130 - -
Pendapatan sewa (14,511) (14,800) (12,684) (12,289)
Pendapatan dividen (11,367) (5,229) (59,274) (129,316)
Pendapatan faedah (19,145) (20,518) (9,314) (6,305)
Kos kakitangan Kumpulan dan PKNS meliputi gaji, bonus, ganjaran persaraan, caruman
kepada KWSP dan lain-lain perbelanjaan berkaitan.
119
37
Nota-nota
5. PENDAPATAN BERSIH DARI LAIN-LAIN PELABURAN
Kumpulan Perbadanan
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Faedah atas simpanan tetap 19,145 20,518 9,314 6,305

Dividen kasar daripada:
Syarikat-syarikat bersekutu - - 38,075 116,052
Syarikat-syarikat subsidiari - - 16,713 9,312
Saham tersiarharga di
Malaysia 4,489 3,565 3,974 3,466
Saham tak tersiarharga di
Malaysia 1,730 1,664 512 486
Lain-lain 5,148 - - -
11,367 5,229 59,274 129,316
Keuntungan dari jualan
syarikat subsidiari 40,833 - - -
71,345 25,747 68,588 135,621
6. CUKAI
Kumpulan Perbadanan
DRAFT
2018 2017 2018 2017

RM’000 RM’000 RM’000 RM’000
Syarikat dan anak syarikat:
Percukaian Malaysia:
Tahun semasa 53,364 51,793 23,659 17,317
Lebihan peruntukan pada
tahun-tahun lepas (48,035) (5,778) (48,574) (7,053)
Cukai tertunda:
Tahun semasa (1,682) (3,573) (15,475) 3,989
(Lebihan) / Kurangan
peruntukan pada tahun-
tahun lepas 487 (2,898) - -
4,134 39,544 (40,390) 14,253
Cukai pendapatan dikira pada kadar cukai ditetapkan, iaitu 24% (2017: 24%) ke atas
pendapatan dikenakan cukai yang dianggarkan pada tahun imbangan semasa.
120
38
Nota-nota
6. CUKAI (SAMB.)
Penyesuaian bagi perbelanjaan cukai pendapatan berkenaan ke atas keuntungan

sebelum cukai dan zakat pada kadar cukai pendapatan berkanun ke atas perbelanjaan
cukai pendapatan, pada kadar cukai pendapatan efektif untuk Kumpulan dan
Perbadanan adalah seperti berikut:-
Kumpulan Perbadanan
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Keuntungan sebelum cukai

dan zakat 340,624 136,602 111,036 115,959
Cukai pada kadar 24% (2017:

24%) ke atas pendapatan
yang dikenakan cukai 81,751 32,785 26,649 27,830
Kesan cukai ke atas
perbelanjaan yang tidak
dibenarkan dalam
menentukan keuntungan
bercukai 57,119 63,806 13,471 20,523
Kesan cukai ke atas
pendapatan yang tidak DRAFT
dikenakan cukai (64,633) (44,909) (16,461) (31,036)

Kerugian cukai yang diiktiraf
pada tahun semasa (479) (192) - -
Cukai tertunda di atas
perbezaan sementara tidak
diiktiraf / (diiktiraf) (13,754) 5,782 (15,475) 3,989
Bahagian keuntungan
syarikat-syarikat bersekutu (8,458) (9,052) - -
Lebihan peruntukan pada
tahun-tahun lepas (48,035) (5,778) (48,574) (7,053)
(Kekurangan) / Lebihan
peruntukan cukai tertunda
dalam tahun lepas 623 (2,898) - -
Jumlah perbelanjaan cukai
dalam tahun semasa 4,134 39,544 (40,390) 14,253
121
39
7. HARTANAH, LOJI DAN PERALATAN
Peralatan
pejabat, Tapak
Tanah Tanah Loji dan Kenderaan perabot dan pelupusan Kerja dalam
pajakan pegangan Bangunan jentera bermotor kelengkapan sampah pembangunan Jumlah
bebas
Kumpulan RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
Nilai Pembawa
Pada 1 Januari 2018 7,096 3,783 255,732 20,573 6,418 29,704 28,081 6,322 357,709
122
Tambahan 10 - 14,627 6,635 1,488 12,420 18,836 9,400 63,416
Jualan - - - (493) - - - - (493)
Pelupusan - - - - (282) (134) - - (416)
Pengkelasan - - - - - 225 - (225) -
Pelarasan - - - - - - (10) - (10)
Hapuskira - - - - - (50) - - (50)
Pindahan ke pelaburan
hartanah - - (2,588) 461 - - - (461) (2,588)
Pindahan dari projek
kemajuan hartanah - - - - - - - 256,898 256,898
Susut nilai tahun semasa (401) - (5,713) (3,305) (1,772) (6,975) (20,267) - (38,433)
Rosot nilai tahun semasa - - - 4,700 - - - - 4,700
Pada 31 Disember 2018 6,705 3,783 262,058 28,571 5,852 35,190 26,640 271,934 640,733

Kos 7,811 3,783 281,238 109,685 18,016 125,950 161,505 271,934 979,922
Susut nilai terkumpul (1,106) - (17,686) (41,638) (11,904) (90,760) (134,865) - (297,959)
Rosot nilai terkumpul - - (1,494) (39,476) (260) - - - (41,230)
Nilai Pembawa 6,705 3,783 262,058 28,571 5,852 35,190 26,640 271,934 640,733
40
Laporan Tahunan

2018 Annual Report
7. HARTANAH, LOJI DAN PERALATAN (SAMB.)
Peralatan
pejabat, Tapak
Tanah Tanah Loji dan Kenderaan perabot dan pelupusan Kerja dalam
pajakan pegangan Bangunan jentera bermotor kelengkapan sampah pembangunan Jumlah
bebas
Kumpulan RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
Nilai Pembawa
Pada 1 Januari 2017 7,458 3,783 212,247 21,766 5,545 22,741 18,505 2,450 294,495
123
Tambahan 193 - 58,821 1,910 3,253 13,291 16,193 6,226 99,887
Jualan - - (1,803) - - - - 225 (1,578)
Pelupusan (283) - (8,900) 23 (4) (1,072) - - (10,236)
Pengkelasan - - - 38 - 67 - (166) (61)
Pelarasan - - (4) - - - - - (4)
Hapuskira - - - - - (89) - - (89)
Pindahan - - - - - 2,413 - (2,413) -
Susut nilai tahun semasa (272) - (4,629) (3,164) (2,116) (7,647) (6,617) - (24,445)
Rosot nilai tahun semasa - - - - (260) - - - (260)
Pada 31 Disember 2017 7,096 3,783 255,732 20,573 6,418 29,704 28,081 6,322 357,709

Kos 7,801 3,783 279,044 105,065 17,872 114,201 142,679 6,322 676,767
Susut nilai terkumpul (705) - (21,818) (39,457) (11,194) (84,497) (114,598) - (272,269)
Rosot nilai terkumpul - - (1,494) (45,035) (260) - - - (46,789)
Nilai Pembawa 7,096 3,783 255,732 20,573 6,418 29,704 28,081 6,322 357,709
41
Tanah dan Loji dan Kenderaan Peralatan pejabat,

bangunan jentera bermotor perabot dan
Perbadanan kelengkapan Jumlah
RM’000 RM’000 RM’000 RM’000 RM’000
Nilai Pembawa
Pada 1 Januari 2018 186,902 1,851 4,404 2,459 195,616
Tambahan 8,184 - 137 1,370 9,691
Jualan - (493) - - (493)
124
Susut nilai tahun semasa (3,822) (690) (1,205) (1,199) (6,916)
Pada 31 Disember 2018 191,264 668 3,336 2,630 197,898

Kos 199,684 5,209 9,393 36,941 251,227
Rosot Nilai Terkumpul (496) - - - (496)
Susut nilai terkumpul (7,924) (4,541) (6,057) (34,311) (52,833)
Nilai Pembawa 191,264 668 3,336 2,630 197,898
42
Laporan Tahunan

2018 Annual Report
Tanah dan Loji dan Kenderaan Peralatan pejabat,

bangunan jentera bermotor perabot dan
Perbadanan kelengkapan Jumlah
RM’000 RM’000 RM’000 RM’000 RM’000
Nilai Pembawa
Pada 1 Januari 2017 174,963 2,569 3,236 2,070 182,838
Tambahan 17,296 - 2,286 1,676 21,258
Jualan (1,803) - - - (1,803)
125
Pelarasan (4) - - - (4)
Susut nilai tahun semasa (3,550) (718) (1,118) (1,287) (6,673)
Pada 31 Disember 2017 186,902 1,851 4,404 2,459 195,616

Kos 191,500 7,228 9,697 35,680 244,105
Rosot Nilai Terkumpul (496) - - - (496)
Susut nilai terkumpul (4,102) (5,377) (5,293) (33,221) (47,993)
Nilai Pembawa 186,902 1,851 4,404 2,459 195,616
43

8. PELABURAN DALAM SYARIKAT-SYARIKAT SUBSIDIARI
Perbadanan
2018 2017
RM’000 RM’000
Saham biasa tak tersiarharga pada kos 771,381 744,365
Saham keutamaan tak tersiarharga pada kos 941,900 829,000
1,713,281 1,573,365
Saham keutamaan tak tersiar harga adalah terdiri daripada saham keutamaan boleh
tebus syarikat subsidiari Selgate Corporation Sdn Bhd, De Palma Management Services
Sdn Bhd, Selaman Sdn Bhd, SACC Convec Sdn Bhd, PKNS Real Estate Sdn Bhd dan
Datumcorp International Sdn Bhd.
126
44
Nota-nota

8. PELABURAN DALAM SYARIKAT-SYARIKAT SUBSIDIARI (SAMB.)
Syarikat-syarikat subsidiari yang kesemuanya ditubuhkan di Malaysia adalah seperti

berikut:-
Nama syarikat Kegiatan utama Pegangan ekuiti

2018 2017
% %
1. De Palma Management Pengurusan hotel 100 100

Services Sdn. Bhd. dan syarikat
subsidiarinya:
i) DPMS Hospitality Sdn Tidak aktif 100 -

Bhd
2. Worldwide Holdings Berhad Pemegang harta dan 100 100

dan syarikat-syarikat pemegang pelaburan
subsidiarinya:
i) WGD Development Sdn Pembangunan hartanah 100 100

Bhd (Dikenali sebagai
Worldwide Glomac Sdn
Bhd)
ii) Perangsang Emperee Tidak aktif 61 61

Wood Industries Sdn
Bhd
iii) Worldwide Landfills Sdn. Perkhidmatan pengurusan 60 60

Bhd. dan syarikat- alam sekitar
syarikat subsidiarinya:
 WL Environmental Perkhidmatan pengurusan 42 42

Sdn. Bhd. alam sekitar
 Worldwide Hydro Tidak aktif 60 60
Energy Sdn Bhd
(Dikenali sebagai
Deltaworks Sdn Bhd)
 Worldwide Ecoventure Tidak aktif 42 42
Sdn. Bhd.
 Jana Landfill Sdn Bhd Menjana kuasa biomas 48 48
iv) Worldwide Land Pembangunan Hartanah 100 100

Development Sdn.Bhd.
v) Worldwide Medivest Pembuatan Peralatan 100 100

Sdn.Bhd. Perubatan
127
45



2018 2017
% %
2. Worldwide Holdings Berhad
(samb.)
vi) Emerald Crest Sdn. Bhd. Pemegang pelaburan 100 100
vii) Worldwide Property Pembangunan Hartanah 100 100

Management Sdn. Bhd.
viii) Worldwide Realty Sdn Tidak aktif 100 100

Bhd (Dikenali sebagai
IMT Teleport Sdn Bhd)
ix) Cekal Unggul Sdn. Bhd. Pembangunan hartanah 70 70
x) Worldwide Green Energy Tidak aktif 100 100

Sdn Bhd
xi) Worldwide Environment Tidak aktif 100 100

Sdn. Bhd dan syarikat-
syarikat subsidiarinya:
 Worldwide Waste Urusniaga peralatan 60 60

Solutions Sdn. Bhd. pengurusan persekitaran
 Panorama Worldwide Perkhidmatan pengurusan 100 100
Sdn. Bhd. persekitaran
3. Selgate Corporation Sdn. Bhd. Pemegang pelaburan 100 100

dan syarikat-syarikat
subsidiarinya:-
i) Real Plug & Play Sdn. Bhd. Tidak Aktif 100 100
ii) PKNS Andaman Development Pembangunan hartanah 70 70

Sdn. Bhd.
iii) Selgate Properties Sdn Bhd Tidak aktif 100 100
128
46



2018 2017
% %
3. Selgate Corporation Sdn. Bhd.
(samb.)
iv) Selgate Healthcare Sdn. Bhd. Perkhidmatan 100 100

dan syarikat-syarikat perundingan
subsidiarinya:
 Selcare Management Sdn Pengurusan kesihatan 100 100

Bhd
 Selcare Clinic Sdn Bhd Pembekal klinik 70 70

(Dikenali sebagai Sri perubatan, perunding
Permai Medic Sdn Bhd) doktor dan perkhidmatan
perubatan yang
berkaitan
 Selgate Rawang Hospital Tidak aktif 60 60

Sdn. Bhd.
 Selgate Shah Alam Hospital Tidak Aktif 100 100

Sdn. Bhd.
 Selgate Setia Alam Hospital Tidak Aktif 100 100

Sdn. Bhd.
 Selgate Gombak Hospital Tidak Aktif 100 100

Sdn. Bhd.
 Selgate Bukit Beruntung Tidak Aktif 100 100

Hospital Sdn. Bhd.
 Selgate Bangi Hospital Sdn. Tidak Aktif 100 100

Bhd.
 Selgate Kota Damansara Tidak Aktif 100 100

Hospital Sdn. Bhd.
 Selgate Subang Jaya Tidak Aktif 100 100

Hospital Sdn. Bhd.
 Selgate Kuala Selangor Tidak Aktif 100 100

Hospital Sdn. Bhd.
 Selgate Cyber Valley Tidak Aktif 100 100

Hospital Sdn. Bhd.
47
129



2018 2017
% %
4. PKNS Engineering and Pembinaan bangunan 100 100

Construction Berhad dan syarikat- ‘conventional’ dan
syarikat subsidiarinya:- ‘prefabricated’
i) Millennium Joy Corporation Tidak aktif 100 100

Sdn. Bhd.
ii) VE Intellitech Sdn. Bhd. Perkhidmatan Perunding 51 51
iii) PB Piling Sdn. Bhd. Kerja-kerja pembinaan 51 51
iv) Apex Point Development Sdn Pembangunan hartanah 100 100

Bhd dan perumahan
5. Selangor Industrial Corporation Perniagaan barangan 100 100

Sdn Bhd dan syarikat-syarikat pembinaan, insuran,
subsidiarinya:- pengurusan projek
pembinaan dan
perkhidmatan
pembangunan harta
i) Module Board Sdn. Bhd. Pembinaan dan 100 100

pengurusan projek
ii) Casic Marketing Sdn. Bhd.
Perniagaan jubin seramik 51 51
iii) Transpark System Sdn.
Bhd. Perkhidmatan letak 51 51
kereta
iv) Selmedia Sdn. Bhd. Tidak aktif 100 100
v) Electro Symphony Sdn. Tidak aktif 50 50

Bhd.
6. PI Brilliant Berhad (Dikenali Kerja Infrastruktur dan 91 90.73

PKNS Infra Berhad) dan syarikat pembangunan hartanah
subsidiarinya:
i) Excelon Sdn. Bhd. Pembinaan, penyediaan 100 100

landskap,
penyelenggaraan dan
pengurusan kemudahan
130
48



2018 2017
% %
7. Selaman Sdn.Bhd dan syarikat- Pembangunan 60 60

syarikat subsidiarinya: hartanah, pemegang
pelaburan dan
pengurusan hartanah
i) Halik Sdn. Bhd. Pelaburan di dalam - 100

harta-hartanah
ii) Selaman Sejati Sdn. Bhd. Pembangunan hartanah 100 100
8. Kelana Property Development Pemaju hartanah 51 51

Sdn. Bhd.
9. SACC Convec Sdn Bhd Perkhidmatan 100 100

pengurusan pusat
konvensyen
10. Akademi PKNS Sdn. Bhd. Pusat latihan kemahiran 100 100
11. Datumcorp International Pembangunan hartanah 100 100

Sdn Bhd dan syarikat
subsidiarinya:
i) Datum Jelatek Mall Sdn Bhd Tidak aktif 100 -
12. PKNS Real Estate Sdn. Bhd. Pengurusan dan 100 100
dan syarikat-syarikat pelaburan hartanah
subsidiarinya:
i) Central Holdings Berhad Sewaan dan pelaburan 100 100

hartanah
ii) Park Here Sdn. Bhd. Operasi tempat letak kereta, 100 100
pengurusan tempat letak
kereta dan perunding
131
49


9. PELABURAN DALAM SYARIKAT-SYARIKAT BERSEKUTU
Kumpulan Perbadanan
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Saham tak tersiarharga

pada kos 275,932 266,027 174,676 164,499
Permodalan hutang tanpa faedah
syarikat bersekutu 14,795 14,795 14,795 14,795
Peruntukan rosot nilai
pelaburan (23,833) (21,105) (21,105) (21,105)
266,894 259,717 168,366 158,189
Bahagian keuntungan terkumpul
dalam syarikat-syarikat
bersekutu 462,667 401,706 - -
729,561 661,423 168,366 158,189
Pada 31 Disember 2018, nilai pembawa bagi pelaburan dalam syarikat-syarikat bersekutu
terdiri daripada:-
Kumpulan
2018 2017
RM’000 RM’000
Bahagian harta ketara bersih dalam syarikat-syarikat bersekutu 705,990 637,852

Muhibbah 23,571 23,571
729,561 661,423
Butir-butir syarikat bersekutu yang kesemuanya ditubuhkan di Malaysia, kecuali Eastern

Glory Enterprise Ltd yang ditubuhkan di British Virgin Island, adalah seperti berikut:-

2018 2017
% %
1. Kundang Properties Sdn. Bhd. Pemaju perumahan 50 50
2. Ligamas Sdn. Bhd. Pemilik ladang dan pemaju 50 50

hartanah
3. PKNS-LFD Sdn. Bhd. Pemegang pelaburan 49 49
4. Bangi Resort & Development Pemaju hartanah dan 40 40

Corporation Sdn. Bhd. pemegang pelaburan
5. Sunway PKNS Sdn. Bhd. Pemaju hartanah dan 40 40

pemegang pelaburan
6. Eastern Glory Enterprise Ltd * Pemegang pelaburan 40 40
132
50


9. PELABURAN DALAM SYARIKAT-SYARIKAT BERSEKUTU (SAMB.)

2018 2017
% %
7. Selangor Polo Sdn. Bhd. Pemaju hartanah dan 40 40

pengurusan kelab polo dan
equestrian
8. Tropicana Indah Sdn. Bhd. Pemaju hartanah 30 30
9. Kesas Holdings Berhad Pembangunan dan 30 30

penyelenggaraan
operasi tol lebuhraya
10. GLM Emerald (Sepang) Sdn. Pemaju hartanah dan 30 30

Bhd. (Dikenali sebagai operasi ladang kelapa
Vintage Heights Sdn Bhd) sawit
11. MUST Ehsan Development Pemaju hartanah 30 30

Sdn. Bhd.
12. Pelangi Airways Sdn. Bhd. Tidak aktif 20.44 20.44
13. Selangor Shipyard Sdn. Bhd. Mengurus dermaga dan 20 20

membaiki kapal laut
14. Selangor Country Club Sdn Pengurusan kelab polo 40 40

Bhd.
15. Kuala Langat Power Plant Sdn Penjanaan tenaga 25 25

Bhd*
16. Gombak Medical Centre Sdn Pakar perubatan 30 30

Bhd **
17. Al-Kauthar Resources Sdn Membekal kelengkapan 20 20

Bhd haji dan umrah
18. Icon-Futurehome Sdn Bhd Membekal produk dan 20 20

perkhidmatan
19. Mutawwif Training & Perkhidmatan latihan dan 20 -

Consutancy Academy Sdn Bhd khidmat perunding
20. HCK Bestari Sdn Bhd *** Tidak aktif 30 -
133
51


9. PELABURAN DALAM SYARIKAT-SYARIKAT BERSEKUTU (SAMB.)
* Pegangan ekuiti Kumpulan melalui syarikat subsidiari, Worldwide Holding Berhad.

** Pegangan ekuiti Kumpulan melalui syarikat subsidiari, Selgate Corporation Sdn. Bhd.
*** Pegangan ekuiti Kumpulan melalui syarikat subsidiari, Datumcorp International Sdn.
Bhd.
10. LAIN-LAIN PELABURAN
Kumpulan Perbadanan
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Saham-saham tersiarharga 82,036 96,931 79,374 91,275
Saham-saham tak
tersiarharga 5,428 30,456 5,428 5,428
Pelupusan - (3,206) - -
Peruntukan rosot nilai
pelaburan (4,188) (4,044) (4,188) (4,041)
1,240 23,206 1,240 1,387
Unit amanah 110,747 216,967 35,276 158,770
Keahlian golf 81 81 - -
194,104 337,185 115,890 251,432
11. MUHIBBAH DARIPADA PENYATUAN
Muhibbah timbul daripada penyatuan syarikat-syarikat subsidiari yang mewakili

perbezaan antara kos pelaburan dan nilai saksama aset bersih yang diperolehi selepas
ditolak pelunasan terkumpul.
Kumpulan
2018 2017
RM’000 RM’000
Pada 1 Januari
Nilai Kasar 95,857 94,068
Pelunasan dan rosotnilai terkumpul (86,708) (86,326)
Nilai bersih 9,149 7,742
Pelunasan tahun semasa (30,129) (382)
134
52


11. MUHIBBAH DARIPADA PENYATUAN (SAMB.)
Kumpulan
2018 2017
RM’000 RM’000
Pada 31 Disember
Nilai kasar 124,868 95,857
Pelunasan dan rosotnilai terkumpul (116,837) (86,708)
Nilai bersih 8,031 9,149
12. PELABURAN HARTANAH
Kumpulan Perbadanan
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Pada kos:
Pada 1 Januari 1,057,099 985,871 304,497 302,578
Penambahan tahun semasa 72,995 48,207 747 3,145
Jualan (8,442) (4,573) (8,442) (4,573)
Susutnilai jualan 2,796 1,571 2,796 1,571
Pelarasan - 805 - -
Perubahan nilai saksama yang
diiktiraf didalam penyata
pendapatan 88,829 538 - -
Pindahan dari hartanah, loji
dan peralatan (Nota 7) 2,772 - - -
Pindahan dari inventori 1,682 - 1,682 -
Pindahan dari projek kemajuan
hartanah (Nota 15) 13,835 24,680 13,835 1,776
1,231,566 1,057,099 315,115 304,497
Perlunasan terkumpul:
Pada 1 Januari (81,095) (74,681) (77,532) (72,305)
Perlunasan tahun semasa (343) (130) - -
Susutnilai tahun semasa (5,438) (5,455) (5,211) (5,203)
Pelarasan (61) (829) (61) (24)
Pindahan dari hartanah, loji
dan peralatan (Nota 7) (184) - - -
Pada 31 Disember (87,121) (81,095) (82,804) (77,532)
Nilai buku
Pada 31 Disember 1,144,445 976,004 232,311 226,965
135
53


12. PELABURAN HARTANAH (SAMB.)
Pelaburan Hartanah dicatatkan pada nilai kos. Nilai sakasama tidak boleh diukur dengan
pasti tanpa kos atau usaha yang tidak wajar (undue cost) kerana kos bagi menentukan
nilai saksama melebihi manfaat daripadanya.
13. HARTA HARTANAH
Kumpulan Perbadanan
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Kos
Pada 1 Januari 777,368 739,293 451,472 494,145
Tambahan pada tahun
semasa 120,756 140,676 15,873 1,151
Pelupusan (12,488) (30,727) - (20,611)
Pindahan ke projek
kemajuan hartanah
(Nota 15) 9,257 (35,953) - (23,213)
Rosotnilai terkumpul (22,833) (35,921) - -
Pada 31 Disember 872,060 777,368 467,345 451,472
Harta hartanah meliputi tanah yang dimiliki untuk pembangunan masa depan dan
dinyatakan pada kos pembelian termasuk semua kos berkaitan yang ditanggung
selepas pembelian ke atas aktiviti yang diperlukan untuk menyediakan tanah tersebut
untuk kegunaan yang dicadangkan.
14. INVENTORI
Kumpulan Perbadanan
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Dinyatakan pada harga kos:
Bangunan siap 291,770 317,148 155,734 165,018
Rumah diserah balik 38,615 63,560 38,615 48,181
Tanah diserah balik 35,348 35,867 35,348 35,867
Inventori pengeluaran 1,263 1,381 - -
Barangan stor 280 299 280 299
367,276 418,255 229,977 249,365
136
54


15. PROJEK KEMAJUAN HARTANAH
Kumpulan Perbadanan
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Kos tanah
Pada 1 Januari 2,099,096 2,066,542 1,910,441 1,879,490
Tambahan pada tahun
semasa 25,760 32,454 25,760 30,951
Pindahan ke hartanah, loji
dan peralatan (Nota 7) (31,758) - - -
Pindahan dari harta-hartanah
(Nota 13) - 100 - -
Pada 31 Disember 2,093,098 2,099,096 1,936,201 1,910,441
Perbelanjaan pembangunan
Pada 1 Januari 7,504,124 6,981,544 6,739,920 6,120,143
Tambahan pada tahun
Semasa 479,938 488,503 375,134 598,340
Pindahan dari harta hartanah
(Nota 13) (9,257) 35,853 - 23,213
Pindahan ke penghutang
(Nota 17) (21,017) - (21,017) -
hartanah (Nota 12) (13,835) (1,776) (13,835) (1,776)
Pindahan ke hartanah, loji
dan peralatan (Nota 7) (225,140) - - -
Pada 31 Disember 7,714,813 7,504,124 7,080,202 6,739,920
Kos diiktiraf sebagai

perbelanjaan
di dalam penyata
pendapatan
Tahun-tahun lepas (5,880,028) (5,602,826) (5,506,057) (5,328,317)
Tahun semasa (179,107) (305,024) (142,438) (200,634)
Pelarasan/peruntukan
kerugian 709 22,894 (85) 22,894
Pengeluaran semula
projek siap 542 4,928 - -
Elaun kerugian yang
diramalkan pulih semula - - - -
(6,057,884) (5,880,028) (5,648,580) (5,506,057)
Pengeluaran semula projek
siap (542) (4,928) - -
Pindah ke inventori (Nota 14) (1,389) (29,856) (2,342) -
hartanah (Note 12) - (22,904) - -
Rosotnilai 3,302 (815) - -
3,751,398 3,664,689 3,365,481 3,144,304
137
55


15. PROJEK KEMAJUAN HARTANAH (SAMB.)
Termasuk di dalam tambahan kepada perbelanjaan pembangunan terkumpul pada tahun

kewangan semasa bagi Kumpulan ialah faedah yang dipermodalkan berjumlah RM
12,057,683 (2017: RM 9,464,843).
16. KERJA KONTRAK YANG TELAH DIJALANKAN TETAPI BELUM DITUNTUT/

(TUNTUTAN TERDAHULU DARI KONTRAK PEMBINAAN)
Kerja kontrak yang telah dijalankan adalah terdiri daripada:-
Kumpulan
2018 2017
RM’000 RM’000
Kos kontrak 2,301,565 2,225,411

Pembahagian keuntungan 30,218 39,558
Peruntukan kerugian dijangkakan (5,186) (5,186)
2,326,597 2,259,783
Tuntutan kemajuan (2,299,100) (2,237,355)
27,497 22,428
Kerja kontrak yang telah dijalankan tetapi belum dituntut 217,984 266,803
Tuntutan terdahulu dari kontrak pembinaan (190,487) (244,375)
27,497 22,428
17. PENGHUTANG PERDAGANGAN
Kumpulan Perbadanan
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Bukan Semasa
Penghutang perdagangan 6,581 - - -
Peruntukan hutang ragu (4,121) - - -
2,460 - - -
Semasa
Penghutang perdagangan 451,619 531,794 255,962 294,244
Peruntukan hutang ragu (78,699) (70,810) (56,727) (49,571)
372,920 460,984 199,235 244,673
Terma kredit purata yang diberikan oleh Kumpulan dan Perbadanan masing-masing
adalah 30-60 hari (2017 : 30-60 hari) dan 30 hari (2017 : 30 hari).
138
56


18. LAIN-LAIN PENGHUTANG, DEPOSIT DAN BAYARAN TERDAHULU
Kumpulan Perbadanan
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Lain-lain penghutang 126,572 120,046 21,799 21,252

Peruntukan hutang ragu (9,680) (8,050) (7,199) (4,745)
116,892 111,996 14,600 16,507
Deposit boleh dipulangkan 18,530 13,315 - -
Bayaran pendahuluan 2,332 1,043 - -
137,754 126,354 14,600 16,507
Hutang dari syarikat-syarikat

subsidiari - - 38,923 19,894
Hutang dari syarikat-syarikat

bersekutu 20,743 19,432 20,743 19,432
Peruntukan hutang ragu (692) (692) (692) (692)
20,051 18,740 20,051 18,740
157,805 145,094 73,574 55,141
Hutang syarikat-syarikat subsidiari dan syarikat-syarikat bersekutu timbul dari transaksi

dagangan dan bayaran pendahuluan. Hutang tersebut adalah tidak bercagar dan bebas
dari dikenakan faedah serta tiada syarat-syarat bayaran balik yang tetap.
19. PELABURAN PORTFOLIO
Kumpulan Perbadanan
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Pada kos:
Saham-saham tersiarharga 19,190 22,471 16,098 15,719
(Peruntukan)/Pulih semula
rosot nilai pelaburan (759) (110) (759) 3,078
18,431 22,361 15,339 18,797
Nilai pasaran:
Saham-saham tersiarharga 18,431 3,564 15,339 -
Nilai bawaan pelaburan bagi Kumpulan dan PKNS adalah nilai saksama pada tarikh
lembaran imbangan.
139
57


20. SIMPANAN TETAP
Kumpulan Perbadanan
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Bank-bank berlesen 342,134 304,645 5,668 5,501

Institusi kewangan berlesen 10,552 8,607 - -
352,686 313,252 5,668 5,501
Simpanan tetap Kumpulan berjumlah RM6,193,784 (2017 : RM 19,463) telah dicagarkan

kepada bank-bank untuk kemudahan pinjaman bagi syarikat-syarikat subsidiari.
Kadar faedah yang dikenakan ke atas simpanan tetap dari institusi kewangan dalam
tahun kewangan semasa adalah dari 2.00% hingga 4.45% (2017: 2.00% hingga 3.65%)
setahun dengan tempoh matang dari 4 hari (2017: 3 hari).
21. AKAUN PERLINDUNGAN HARTA
Akaun perlindungan harta ditubuhkan sebagai dana insuran untuk tujuan membiayai
kerugian dan kerosakan akibat malapetaka atau kebakaran yang mungkin terjadi ke atas
rumah-rumah yang belum dijual dan bangunan-bangunan serta rumah-rumah yang
disewakan.
Kumpulan dan
Perbadanan
2018 2017
RM’000 RM’000
Pada 1 Januari 25,243 24,465

Penambahan/(Pengurangan) pada tahun semasa (2,191) 778
Pada 31 Disember 23,052 25,243
140
58


22. PEMIUTANG PAJAKAN KEWANGAN
Kumpulan
2018 2017
RM’000 RM’000
Perlu dibayar dalam jangkamasa:

Kurang daripada setahun 2,258 841
Lebih daripada 1 tahun dan tidak melebihi 5 tahun 3,611 2,087
5,869 2,928
Tolak: Faedah tergantung (342) (241)
Nilai semasa pemiutang pajakan kewangan 5,527 2,687
Pemiutang pajakan kewangan jangka panjang yang akan dibayar seperti berikut:
Kumpulan
2018 2017
RM’000 RM’000
Perlu dibayar dalam jangkamasa:

Kurang daripada setahun 2,209 804
Lebih daripada 1 tahun dan tidak melebihi 5 tahun 3,318 1,883
5,527 2,687
Kadar faedah yang dikenakan keatas pemiutang pajakan kewangan untuk Kumpulan
adalah purata diantara 1.65% - 8.00% (2017 : 2.40% - 4.87%) setahun.
141
59


23. PINJAMAN
Kumpulan Perbadanan
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Jangka Pendek
Bercagar
Pinjaman jangka panjang
yang perlu dibayar balik
dalam tempoh 12
bulan 18,951 13,845 - -
Tidak Bercagar
Pinjaman jangka panjang
yang perlu dibayar balik
dalam tempoh 12
bulan 8,753 3,200 3,200 3,200
Jumlah 27,704 17,045 3,200 3,200
Jangka Panjang
Bercagar
Pinjaman dari institusi
kewangan 1,575,426 1,505,596 1,303,988 1,205,885
Tidak Bercagar
Pinjaman daripada
Kerajaan Negeri 68,800 84,800 68,800 84,800
Jumlah 1,644,226 1,590,396 1,372,788 1,290,685
142
60


23. PINJAMAN (SAMB.)
Jangka Panjang (samb.)
Bahagian jangka panjang yang perlu dibayar adalah seperti berikut:
Kumpulan Perbadanan
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Dalam tempoh:
Dua hingga lima tahun 1,568,461 1,498,849 1,303,988 1,205,885
Lebih daripada lima tahun 75,765 91,547 68,800 84,800
1,644,226 1,590,396 1,372,788 1,290,685
Kadar faedah tahunan yang dikenakan ke atas pinjaman-pinjaman di atas adalah

seperti berikut:
(i) Kerajaan Negeri : 0% - 4.00% (2017 : 0% - 4.00%)

(ii) Institusi kewangan : 4.43% - 5.17% (2017 : 1.50% - 8.25%)
Pinjaman bercagar yang diperolehi oleh salah satu syarikat subsidiari PKNS dicagar
melalui caj tetap dan terapung aset dan debentur syarikat subsidiari yang terlibat.
Perbadanan telah membuat penerbitan nota jangka pertengahan Islam berjumlah

RM1.3 bilion, yang merupakan sebahagian daripada program 20 tahun nota jangka
pertengahan Islam yang terbaru (“Program IMTN”). Program IMTN ini, bersama
dengan satu lagi program 7 tahun kertas perdagangan Islam berjumlah RM300 juta
(“Program ICP”) adalah tertakluk kepada had bersama sehingga RM1.7 bilion
(keseluruhannya dirujuk sebagai “Program Sukuk Murabahah”).
Program Sukuk Murabahah ini akan memberi kemudahan dan fleksibiliti kepada PKNS
untuk menerbitkan sukuk di dalam pelbagai tempoh sehingga 20 tahun, bergantung
kepada keperluannya dari masa ke semasa bagi membiayai keperluan modal kerja
(working capital) yang patuh Shariah, dan/atau keperluan pelaburan am pada kos yang
lebih kompetitif bersandarkan kepada penarafan kredit Perbadanan yang kukuh.
Pada tahun semasa, PKNS telah menerbitkan Sukuk berjumlah RM100.0 juta.
143
61


24. PERUNTUKAN PENUTUPAN DAN KOS SELEPAS PENUTUPAN OPERASI

PELUPUSAN SISTEM PEPEJAL
Kumpulan
2018 2017
RM’000 RM’000
Pada 1 Januari 53,908 50,151

Peruntukan pada tahun semasa 11,920 4,698
Penggunaan pada tahun semasa (2,771) (941)
Penambahan semula peruntukan (4,688) -
Pada 31 Disember 58,369 53,908
25. GANJARAN PERSARAAN
Kumpulan Perbadanan
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Pada 1 Januari 8,493 8,230 3,779 3,491

Penambahan tahun semasa 1,852 671 627 410
10,345 8,901 4,406 3,901
Pembayaran (927) (408) (738) (122)
Pada 31 Disember 9,418 8,493 3,668 3,779
Terdapat syarikat subsidiari yang membuat peruntukan ke atas manfaat persaraan

berdasarkan gaji pekerja yang layak dan tempoh perkhidmatan sehingga 31 Disember
2018. Semasa persaraan, pembayaran akan dibuat berdasarkan jumlah yang telah
diperuntukkan sehingga 31 Disember 2018.
26. PEMIUTANG PERDAGANGAN
Termasuk dalam pemiutang perdagangan di peringkat Kumpulan adalah wang tahanan

terhutang kepada sub-kontraktor berjumlah RM42,709,000 (2017 : RM5,123,000).
Terma kredit purata yang diberi kepada Kumpulan adalah 30-60 hari (2017:30-60 hari).
144
62


27. ASET/ (LIABILITI) CUKAI TERTUNDA
Cukai tertunda ialah seperti berikut:
Kumpulan Perbadanan
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Aset cukai tertunda 48,010 25,583 22,952 3,929

Liabiliti cukai tertunda (58,484) (34,678) (25,909) (22,361)
(10,474) (9,095) (2,957) (18,432)
Pergerakan cukai tertunda bersih pada tahun kewangan semasa ialah seperti berikut:
Kumpulan Perbadanan
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Baki pada 1 Januari (9,095) (14,786) (18,432) (14,443)

Peruntukan ditambah semula (487) 2,118 -
Perpindahan bersih daripada
Penyata pendapatan (Nota 6) 1,682 3,573 15,475 (3,989)
Pelarasan (2,574) - - -
Baki pada 31 Disember (10,474) (9,095) (2,957) (18,432)
Aset cukai tertunda bersih diwakili oleh kesan cukai yang berikut:
Kumpulan Perbadanan
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Perbezaan sementara daripada:
Projek kemajuan hartanah 6,938 5,841 - -
Harta loji dan peralatan 20,189 2,343 20,312 3,027
Penghutang 174 175 - -
Inventori 884 884 - -
Ganjaran persaraan 416 416 - -
Kerugian cukai dan elaun
modal belum serap 11,470 2,573 2,640 902
Harta-hartanah 3,488 3,702 - -
Peruntukan 4,451 9,649 - -
Aset cukai tertunda 48,010 25,583 22,952 3,929
Perbezaan sementara daripada:
Harta, loji dan peralatan (47,679) (22,404) (25,909) (22,361)
Projek kemajuan hartanah - (15) - -
Lain-lain (10,805) (12,259) - -
Liabiliti cukai tertunda (58,484) (34,678) (25,909) (22,361)
63 145


28. LAIN-LAIN PEMIUTANG
Kumpulan Perbadanan
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Jangka Panjang
Lain-lain pemiutang 3,269 1,554 - -
Jangka Pendek
Lain-lain pemiutang 398,275 368,367 294,895 260,702

Syarikat subsidiari - - 10,102 10,182
398,275 368,367 304,997 270,884
401,544 369,921 304,997 270,884
Hutang kepada syarikat-syarikat subsidiari dan syarikat-syarikat bersekutu timbul dari

transaksi dagangan dan bayaran pendahuluan. Hutang tersebut adalah tidak bercagar
dan bebas dari dikenakan faedah serta tiada syarat-syarat bayaran balik yang tetap.
Pemiutang perdagangan, lain-lain pemiutang dan terakru dinominasikan di dalam

Ringgit Malaysia.
29. AMAUN TERHUTANG (KEPADA) PEMEGANG SAHAM BUKAN KAWALAN
Kumpulan
2018 2017
RM’000 RM’000
Amaun terhutang kepada pemegang saham bukan kawalan 266 2,275
Amaun terhutang daripada/(kepada) pemegang saham bukan kawalan dinominasikan

dalam Ringgit Malaysia, tidak bercagar, bebas dari faedah dan perlu dibayar balik atas
permintaan.
146
64


30. WANG TUNAI DAN BAKI DI BANK
Kumpulan Perbadanan
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Wang tunai dan baki di bank 157,181 176,358 16,980 29,744

Overdraf bank (2,414) (6,963) - -
154,767 169,395 16,980 29,744
Simpanan tetap (Nota 20) 352,686 313,252 5,668 5,501
507,453 482,647 22,648 35,245
Simpanan tetap yang telah
dicagarkan (Nota 20) (6,194) (19) - -
Baki wang di bawah Akta
Pemaju Perumahan
(Kawalan dan Perlesenan),
1996 (31,869) (41,887) - -
469,390 440,741 22,648 35,245
Termasuk dalam akaun wang tunai dan baki di bank Kumpulan adalah baki wang
syarikat-syarikat subsidiari yang tertakluk di bawah Akta Pemaju Perumahan (Kawalan
dan Perlesenan), 1996 yang berjumlah RM31,869,000 (2017 : RM41,887,000).
147
65


31. TANGGUNGAN LUAR JANGKA
Kumpulan
2018 2017
RM’000 RM’000
Jaminan yang diberi kepada institusi-institusi kewangan
untuk kemudahan pinjaman yang diberikan kepada pihak
ketiga 11,158 9,983
Tuntutan
Kumpulan
a) Kelana Property Development Sdn Bhd
Pada 21 Mac 2017, tuntutan dibuat oleh Perbadanan Pengurusan Plaza Kelana
Jaya ("MC") terhadap Syarikat, pengendali tempat letak kereta Plaza Kelana Jaya
dan Pengarah Pejabat Tanah dan Galian Selangor berhubung dengan hak-hak
yang sah dan pemilikan tempat letak kereta di Plaza Kelana Jaya bersama-sama
dengan kerosakan khas dan umum termasuk kos-kos sulit yang timbul daripadanya
("tindakan").
Pada 24 Oktober 2017, Mahkamah Tinggi menolak tindakan oleh MC. Pada 16
November 2017, MC memfailkan rayuan ke Mahkamah Rayuan yang ditetapkan
untuk pengurusan kes pada 15 Januari 2019.
Tiada peruntukan kerugian telah dibuat dalam penyata kewangan Syarikat kerana
hasil rayuan tidak dapat ditentukan sekarang.
b) Selgate Corporation Sdn Bhd
PKNS-Andaman Development Sdn Bhd
a) Tuntutan daripada Superforce Security Sdn Bhd
Tuntutan dibuat oleh Superforce Security Sdn Bhd dalam bentuk writ pada 15
November 2018 berhubung kegagalan untuk membayar 4 bulan perkhidmatan
keselamatan berjumlah RM90,237.37. Plaintif telah mendakwa yang berikut dari
Syarikat:
i) Bayaran sebanyak RM 90,237.37
ii) Faedah atas jumlah di atas pada 5% setahun dari tarikh mahkamah
sehingga tarikh penyelesaian penuh;
iii) Kos bagi tindakan undang-undang; dan
iv) Sebarang bantuan atau kos lain yang ditentukan oleh Mahkamah.
Pada akhir tahun kewangan 31 Disember 2018, perkara di atas masih dijalankan.
148
66


31. TANGGUNGAN LUAR JANGKA (SAMB.)
Tuntutan (samb.)
Kumpulan (samb.)
b) Selgate Corporation Sdn Bhd (samb.)
PKNS-Andaman Development Sdn Bhd (samb.)
b) Tuntutan dari Aturan Prisma Sdn Bhd
Pada 14 Mei 2018, Aturan Prisma Sdn Bhd telah membuat tuntutan pembayaran
kepada syarikat untuk Perakuan Pembayaran Interim No. 36 dan No. 37 kerana
syarikat gagal membayar selepas banyak peringatan diberikan.
Pada 29 Oktober 2018, Aturan Prima Sdn Bhd dan peguam mereka telah
menuntut pembayaran bagi jumlah yang belum dibayar. Peguamcara telah
menuntut yang berikut daripada syarikat:
i) Bayaran sebanyak RM 7,078,394
ii) Kadar faedah 5.0% setahun pada jumlah di atas dari 12 Jun 2018
sehingga tarikh penyelesaian penuh;
iii) Kos RM65,000 dan
iv) Kadar faedah 5.0% setahun pada RM65,000 dari 26 Oktober 2018
sehingga tarikh penyelesaian penuh.
Aturan Prisma Sdn Bhd dan peguamcara mereka telah menghantar notis
adjudikasi kepada syarikat pada 5 November 2018 untuk pembayaran di atas.
Bagaimanapun, pada 18hb Disember 2018, penyelesaian adjudikasi yang dapat
diselesaikan telah dicapai dan kedua-dua Aturan Prisma Sdn Bhd dan syarikat.
Berikut ini telah dipersetujui:
i) Bayaran RM1,000,000 pada atau sebelum 21 Disember 2018;
ii) Pembayaran Sijil Pembayaran Interim No. 36 berjumlah RM3,227,043.53

pada atau sebelum 15 Januari 2019.
iii) Pembayaran Sijil Pembayaran No. 37 dalam jumlah RM2,631,040.64 dan

kos yang diberikan dalam keputusan adjudikasi sebanyak RM65,600
pada atau sebelum 1 Februari 2018;
Kerana syarikat gagal memenuhi syarat-syarat di atas, Aturan Prisma Sdn bhd
dan peguam mereka telah membuat permohonan bagi syarikat yang
menggulung petisyen pada 16 Januari 2019. Pendengaran untuk petisyen itu
dijadualkan pada 1 Mac 2019. Perkara ini sedang berjalan sehingga tahun
kewangan berakhir 2018.
67
149


Tuntutan (samb.)
Kumpulan (samb.)
c) MaxValu Prime
Tuntutan dibuat oleh Aeon Co (M) Bhd pada 3 September 2018 untuk bayaran
RM814,471.12 untuk kerja-kerja pengubahsuaian semula. Pada akhir tahun
kewangan 31 Disember 2018, perkara ini masih berterusan.
d) Asialand Network Sdn Bhd
Tuntutan dibuat oleh Asialand Network dalam bentuk writ pada 21 Jun 2018
berkenaan dengan kegagalan membayar yuran ejen untuk mendapatkan
penyewa mall (Parkson) berjumlah RM290,904.17. Plaintif telah mendakwa yang
berikut daripada Syarikat;
i) Pembayaran sebanyak RM306,684.72 termasuk 1% faedah bulanan;
ii) Kos ditambah faedah pada 5% setahun dari tarikh mahkamah sehingga
tarikh penyelesaian penuh;
iii) Sebarang bantuan atau kos lain yang ditentukan oleh Mahkamah.
Pada 22 Januari 2019, Asialand Network Sdn Bhd menuntut pembayaran

sebanyak RM346,303.26.
Kegagalan untuk membayar Asialand Network Sdn Bhd dalam tempoh 21 hari
selepas menerima permintaan akan menyebabkan prosiding penggulungan
Syarikat.
150
68


Tuntutan (samb.)
Kumpulan (samb.)
e) Tuntutan terhadap kerugian kerana tidak mematuhi Perjanjian Jual Beli
Tuntutan ganti rugi atas kegagalan mematuhi Perjanjian Jualan dan Pembelian
diserah oleh 59 pembeli unit EVO Suites pada 10 Januari 2019. Pihak-pihak
telah menuntut ganti rugi di Unit Dulpex Jenis C dan D di mana bilik-bilik tidak
mengikut pelan bangunan, sebagai tambahan kepada kawasan umum
(contohnya kolam renang dan gim) juga tidak dibina seperti yang dirancang.
Pihak-pihak di atas menuntut yang berikut sebagai pampasan kerana

kerosakan di atas:
i) RM94,648.98 untuk Unit Dupleks C
ii) RM86,173.34 untuk Unit Dupleks D
iii) RM100,000 hingga RM120,000 kerana kehilangan penggunaan di bilik

ke-2 untuk Unit Dupleks C dan D.
iv) Peluang kos RM500 sebulan bagi setiap orang kerana kehilangan
penggunaan di bilik ke-2. Jumlah pada Oktober 2018 adalah RM11,800
seorang.
v) Tuntutan penggunaan lewat kolam renang RM1,120 setiap orang / unit
vi) Tuntutan penggunaan lewat gimnasium sebanyak RM640 seorang / unit
vii) Kos pengarah sebanyak RM2,500 seorang
Pihak-pihak selanjutnya menyatakan bahawa tuntutan di atas tidak termasuk

kerugian atas kemudahan umum. Para pihak menuntut tuntutan di atas yang
akan dibayar dalam masa 14 hari dari tarikh surat itu, kegagalan untuk
melakukannya akan mengakibatkan tindakan guaman.
Pada 14 Februari 2019, perkara itu masih berterusan dan belum diselesaikan.
151
69


Tuntutan (samb.)
Perbadanan
a) Sazean Development Sdn Bhd dan Perbadanan
Pada tahun kewangan 2017, Sazean Development Sdn Bhd (“plaintif”) telah
mengistiharkan bahawa Perbadanan (“defendan”) adalah bertanggungjawab untuk
membayar jumlah “liquidated Ascertained Damages” iaitu tuntutan penyerahan
lewat rumah-rumah di bawah Projek Anjung Sari Fasa 1A, 1B dan 1C sehingga
tarikh akhir sebenar masing-masing iaitu sehingga tarikh penyerahan pemilikan
kosong rumah-rumah tersebut.
Defendan hendaklah membayar interim sebanyak RM15,501,364.70 untuk semua

tuntutan penyerahan lewat untuk Fasa 1A dan Fasa 1B dalam masa 7 hari dari
tarikh penghakiman. Defendan hendaklah membayar sejumlah RM50 juta sebagai
gantirugi yang dialami oleh Plaintif akibat tindakan dan kelakuan defendan.
Defendan juga dikehendaki membayar tuntutan kehilangan keuntungan untuk Fasa
2 berjumlah RM50 juta.
Pada 26 September 2017, Plaintif telah memfailkan Notis Usul untuk merayu di
Mahkamah Persekutuan. Tarikh pendengaran ditetapkan pada 19 Februari 2019.
Pada 15 Februari 2019, Perbadanan telah memfailkan bantahan terhadap Notis
Usul tersebut dan perintah Mahkamah telah menolak Notis Usul dengan kos
sebanyak RM10,000 dibayar kepada Perbadanan. Kes boleh diteruskan di
timbangtara.
b) Siak Siong Construction Sdn Bhd dan AJ Corp Sdn Bhd, Perbadanan dan
Selangor Industrial Corporation Sdn Bhd
Syarikat Siak Siong Construction Sdn Bhd (“Plaintif”) adalah merupakan sub-
kontraktor kepada kontraktor utama iaitu AJ Corp Sdn Bhd (“defendan 1”), yang
telah dianugerahkan projek “Membina dan menyiapkan 96 unit rumah berkembar
(40’x80’) serta infrastruktur yang berkaitan di Seksyen 24, Antara Gapi, Hulu
Selangor dengan jumlah kontrak sebanyak RM44,812,181.44 dan tempoh
penyiapan keseluruhan kerja adalah selama 104 minggu dari tarikh milikan tapak
pada 28 Jun 2016. Sebelum memulakan kerja, kontraktor utama perlu menjelaskan
Bon Perlaksanaan berjumlah RM2,240,609.07 iaitu 5% dari jumlah keseluruhan
kontrak.
Namun pada sekitar bulan Jun 2017, Perbadanan mendapat makluman bahawa
defendan 1 telah digulungkan oleh Mahkamah pada 5 April 2017. Merujuk kepada
klausa 51.2 Dokumen Kontrak, sekiranya mana-mana kontraktor digulungkan dalam
tempoh kontrak maka Perbadanan berhak untuk menamatkan kontrak dengan serta
merta dengan memberi notis kepada kontraktor tersebut.
152
70


Tuntutan (samb.)
Perbadanan (samb.)
Selangor Industrial Corporation Sdn Bhd (samb.)
Oleh itu pada 21 Jun 2017, Perbadanan telah menamatkan perkhidmatan defendan
1 dan merampas Bon Perlaksanaan tersebut sepertimana yang diperuntukkan di
dalam Dokumen Kontrak. Walaubagaimanapun plaintif tidak berpuas hati di atas
penamatan tersebut dan memfailkan Writ Saman terhadap defendan-defendan pada
24 Disember 2018. Writ Saman ini telah diserah kepada defendan-defendan dan
diterima oleh Perbadanan pada 9 Januari 2019.
Oleh yang demikian, plaintif memohon Penghakiman terhadap defenden-defenden

antara lain seperti berikut:-
a. Satu deklarasi bahawa penamatan Kontrak Utama oleh Perbadanan

adalah salah;
b. Satu deklarasi bahawa defendan 1 dan plaintif adalah tidak

bertanggungjawab terhadap apa jua kehilangan atau kerugian yang
timbul akibat penamatan Kontrak Utama;
c. Perbadanan hendaklah membayar kepada defendan 1 tuntutan terakhir

berjumlah RM8,734,088.18 atau secara alternatifnya:-
i. RM2,298,627.25 untuk nilai kerja-kerja telah siap yang kurang

disahkan dan / ataupun belum disahkan oleh Perbadanan;
ii. RM1,963,880.39 untuk perintah variasi;
iii. RM248,980.68 untuk bahan-bahan di atas tapak;
iv. RM2,240,609.07 sebagai pemulangan Wang Tahanan;
v. RM935,000.00 sebagai pemulangan wang LAD yang telah ditolak

daripada bayaran kemajuan;
vi. RM461,229.85 untk GST.
d. Perbadanan harus memulangkan Bon Perlaksanaan sebanyak

RM2,240,609.07;
e. Perbadanan membayar kepada defendan 1 jumlah RM1,453,578.00

untuk bayaran terhadap Sijil Bayaran Kemajuan No. 30 dan 31;
153
71


Tuntutan (samb.)
Perbadanan (samb.)
Selangor Industrial Corporation Sdn Bhd (samb.)
f. Perbadanan membayar defendan 1 RM1,895,829.76 sebagai Kos

Pelengahan;
g. Faedah ke atas jumlah penghakiman pada kadar 5% setahun dari tarikh

pemfailan tindakan ini sehingga penyelesaian penuh;
Pengurusan kes ditetapkan pada 25 Mei 2019.
c) Limatic Holdings Sdn bhd dan Perbadanan
Berdasarkan Writ Saman dan Penyataan Tuntutan yang telah difailkan bertarikh 5
Oktober 2018, Limatic Holdings Sdn Bhd (“Plaintif”) telah ditawarkan penjualan
tanah seluas 70 ekar di Selangor Science Park 2, Cyberjaya untuk tujuan
pembangunan Universiti Antarabangsa Al-Madinah melalui Surat Tawaran bertarikh
23 Disember 2009 dengan harga jualan RM112,820,437.00 untuk tujuan
pembangunan universiti tersebut.
Berdasarkan Surat Tawaran Perbadanan (“defendan”) tersebut, Klausa 3.1.1

menyatakan bahawa pembeli hendaklah menjelaskan bayaran sebanyak 2% dari
harga jualan iaitu bersamaan RM4,476,698.32 semasa penerimaan surat tawaran
tersebut.
Berikutan dengan tawaran defendan tersebut, plaintif seterusnya pada 26 Ogos

2010 telah membuat bayaran sebanyak RM2,256,408.00 sahaja daripada jumlah
deposit yang dikehendaki.
Pada semua masa yang material adalah dipersetujui di antara plaintif dan defendan
bahawa Bayaran Deposit adalah merupakan satu bayaran deposit yang boleh
dipulangkan (“refundable deposit”) di mana:-
a. Pembelian Hartanah tersebut adalah tertakluk kepada projek

pembangunan Universti tersebut; dan
b. Sekiranya projek pembangunan Universiti tersebut tidak dilaksanakan

dan perjanjian jual beli untuk pembelian hartanah tersebut dilaksanakan
di antara plaintif dan defendan, Bayaran Deposit tersebut adalah perlu
atau wajib dipulangkan kepada plaintif.
154
72


Tuntutan (samb.)
Perbadanan (samb.)
c) Limatic Holdings Sdn bhd dan Perbadanan (samb.)
Projek pembangunan Universiti tersebut telah dibatalkan dan tidak dilaksanakan.

Selanjutnya, disebabkan pembatalan projek pembangunan Universiti tersebut maka
perjanjian Jual Beli untuk pembelian tanah tersebut tidak dilaksanakan diantara
plaintif dan defendan. Berikutan dengan pembatalan projek pembangunan universiti
tersebut, plaintif telah membuat permintaan kepada defendan untuk pemulangan
Bayaran Deposit tersebut.
Berdasarkan permintaan plaintif untuk pemulangan bayaran tersebut, defendan

telah membuat tawaran kepada plaintif untuk memulangkan bayaran yang telah
dijelaskan melalui kontra sebuah rumah banglo di Seksyen 9, Shah Alam dan 2 unit
pangsapuri servis di Selangor Science Park 2, Cyberjaya.
Plaintif tidak bersetuju dengan tawaran tersebut dan telah mengemukakan tawaran
balik kepada defendan melalui kontra sebuah rumah banglo di seksyen 9, Shah
Alam dan pembelian 1 lagi unit rumah banglo di Seksyen 9, Shah Alam milik
defendan sebagai gantian pemulangan Bayaran Deposit tersebut secara tunai.
Memandangkan tidak ada persetujuan dicapai di antara plaintif dan defendan

berkenaan cadangan-cadangan yang telah dikemukakan, Peguamcara plaintif telah
mengemukakan surat bertarikh 12 April 2017 untuk pemulangan bayaran yang telah
dijelaskan secara tunai.
Plaintif telah memohon Perintah antaranya seperti berikut:-
a. Jumlah wang sebanyak RM2,256,408.00;
b. Faedah atas jumlah wang sebanyak RM2,256,408.00 pada kadar 5%

setahun dari tarikh pemfailan tindakan ini sehingga tarikh penghakiman
dan seterusnya pada kadar 5% setahun dari tarikh penghakiman
sehingga tarikh pembayaran penuh.
Mahkamah telah menetapkan tarikh Pendengaran Notis Permohonan defendan

untuk meminda Pembelaan kini ditetapkan pada 23 April 2019.
155
73


Tuntutan (samb.)
Perbadanan (samb.)
d) Perbadanan dan Projek Lebuhraya Usahasama Berhad, Dr Y G Tan Jurutera

Perunding Sdn Bhd dan B&I Bulder Sdn Bhd
Perbadanan (“plaintif”) telah memfailkan saman dan tuntutan terhadap Projek

Lebuhraya Usahasama Berhad (“defendan 1”), Dr Y G Tan Jurutera Perunding Sdn
Bhd (“defendan 2”) dan B&I Bulder Sdn Bhd (“defendan 3”). Plaintif merupakan
pemaju sebuah pembangunan dan salah satu pembangunan yang dibuat adalah
“Pembinaan Persimpangan Bertingkat Jenis “Coverleaf” di KM 2.2 Lebuhraya
sambungan Putrajaya dan kerja-kerja berkaitan ke TSS2”. Plaintif telah melantik
defendan 1 selaku konsesi lebuhraya untuk membuat permohonan membina
jambatan, defendan 2 sebagai perunding utama bagi pembangunan tersebut dan
defendan 3 sebagai kontraktor bagi melaksanakan kerja-kerja sivil. Majlis
Perbandaran sepang (MPS) telah meletakkan syarat dimana plaintif akan
menyelenggara jambatan tersebut untuk tempoh 10 tahun.
Plaintif telah menfailkan tuntutan gantirugi “jointly & severally” sebanyak

RM20,000,000.00 sebagai kerugian kerosakan yang dialami oleh plaintif dan
RM3,231,806.00 untuk “loss of convenience” dan kesusahan.
Defendan 1 telah memfailkan tuntutan balas berjumlah RM25,423,157.44 untuk

gantirugi khas beserta gantirugi am yang akan ditafsirkan oleh Mahkamah yang
dianggarkan keseluruhan berjumlah RM60,000,000.
Ahli-ahli Perbadanan bersetuju untuk menyelesaikan tuntutan luar Mahkamah

dengan jumlah bayaran RM3,000,000 – RM5,000,000 dibayar oleh defendan 1
kepada plaintif.
Pada 11 Februari 2019, peguamcara defendan 1 telah memberi maklumbalas

seperti berikut:
a) Defendan 1 akan membayar sebanyak RM1,000,000 kepada plaintif secara

ex-gratia;
b) Plaintif menegluarkan tuntutannya terhadap defendan 1 ddan yang lain dan

defendan1 mengeluarkan tuntutan balas terhadap plaintif;
c) Tiada kemasukan dibuat oleh mana-mana pihak;
d) Setiap pihak akan menanggung kos undang-undangnya sendiri;
e) Penyelesaian itu merupakan penyeledaian penuh dan muktamad pertikaian

antara pihak-pihak dan salah satu pihak tidak akan memiliki tuntutan
selanjutnya terhadap yang lain berkenaan dengan perkara diatas.
Perbicaraan penuh adalah pada 20-26 Jun 2019 dan 16-19 Julai 2019.
156
74


Tuntutan (samb.)
Perbadanan (samb.)
e) Masalah Kerosakan Struktur Rumah Projek Penswastaan Perbadanan dan

Setia Abadi Sdn Bhd di Seksyen 23 Shah Alam
Kos baik pulih masalah pemendapan yang dihadapi di projek Setia Abadi adalah
dianggarkan sebanyak RM7 juta. Kos tersebut akan ditanggung oleh syarikat
penswastaan dan tindakan undang-undang sedang diambil.
32. PENGLIBATAN MODAL
Kumpulan
2018 2017
RM’000 RM’000
Perbelanjaan modal yang diluluskan
tetapi belum diperuntukkan
di dalam penyata kewangan:
Dikontrak 153,311 234,103
Belum dikontrak 30,236 30,776
157
75


33. TRANSAKSI-TRANSAKSI DENGAN SYARIKAT-SYARIKAT SUBSIDIARI
Pihak dianggap sebagai syarikat berkaitan adalah syarikat yang sekiranya mempunyai
keupayaan, secara langsung atau tidak langsung, untuk mengawal atau mengawal
bersama pihak atau mempunyai pengaruh penting ke atas pihak dalam membuat
pertimbangan kewangan dan operasi, atau sebaliknya, atau di mana syarikat dan pihak
itu tertakluk kepada kawalan bersama.
Sebagai tambahan, terdapat maklumat terperinci di dalam penyata kewangan, dimana

syarikat mempunyai hubungan dengan pihak yang berkaitan termasuk pengarah,
kakitangan pengurusan utama dan Pihak Berkaitan dalam kumpulan syarikat yang
sama.
a) Transaksi-transaksi utama antara PKNS dengan syarikat-syarikat subsidiari

adalah seperti berikut:
Perbadanan
2018 2017
RM’000 RM’000
Kerja kontrak pembinaan 47,811 17,151

Dividen 16,714 9,312
Lain-lain 5,572 5,826
70,097 32,289
b) Imbuhan para pengarah dan ahli-ahli pengurusan utama pada tahun

kewangan adalah seperti berikut
Kumpulan Perbadanan
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Gaji dan lain-lain ganjaran:

Pengarah dan Ahli
Pengurusan 11,366 6,538 3,281 3,309
Imbuhan diatas adalah termasuk ganjaran pengarah seperti yang dinyatakan

didalam Nota 4.
158
76


34. PELARASAN TAHUN TERDAHULU
Ini adalah berkenaan dengan keuntungan pelupusan syarikat bersekutu tidak direalisasi,
dikeluarkan dan peninggalan bahagian keuntungan bagi kepentingan bukan kawalan.
Kesan kepada penyata kewangan adalah seperti berikut:
Seperti Pelarasan Seperti

dinyatakan tahun dinyatakan
sebelumnya sebelum semula
RM’000 RM’000 RM’000
Keuntungan terkumpul 5,832,792 9,150 5,841,942
Tiada kesan ke atas penyata pendapatan tahun semasa dan juga angka
perbandingannya.
35. PERISTIWA PENTING SELEPAS TAHUN KEWANGAN
a) Suntikan modal kepada Selgate Corporation Sdn Bhd berjumlah RM5.0 juta dalam
bentuk Saham Keutamaan Boleh Tebus 2 telah mendapat kelulusan Ahli
Perbadanan PKNS bagi membiayai operasi perniagaan PKNS – Andaman
Development Sdn Bhd. Sehingga kini, bayaran suntikan telah dibuat sebanyak
RM5.0 juta kepada Selgate Corporation Sdn Bhd.
b) Suntikan modal kepada Datumcorp International Sdn Bhd berjumlah RM120.0 juta
dalam bentuk Saham Keutamaan Boleh Tebus 3 telah mendapat kelulusan Ahli
Perbadanan PKNS bagi keperluan pembiayaan pembangunan projek Datum Jelatek.
Walau bagaimanapun, suntikan akan dibuat secara berperingkat berdasarkan

kepada aliran tunai PKNS dan juga bergantung kepada jualan ‘en bloc’ kepada
MyAngkasa Al-Zahra Sdn Bhd. Manakala, sehingga kini, suntikan yang telah dibuat
adalah sebanyak RM25.7 juta.
159
77


36. INSTRUMEN KEWANGAN
36.1 Kategori-kategori Instrumen Kewangan
Jadual di bawah memberikan analisis ke atas instrumen-instrumen kewangan yg

dikategorikan seperti berikut:
(a) Aset kewangan atau liabiliti kewangan yang diukur pada nilai saksama melalui
keuntungan atau kerugian (NSUR);
(b) Aset kewangan atau liabiliti kewangan yang diukur pada kos yang dilunaskan
(KL); dan
(c) Aset kewangan yang mengandungi instrumen ekuiti yang diukur pada kos
ditolak rosot nilai (KRN).
Amaun
dibawa NSUR KL KRN
2018 RM’000 RM’000 RM’000 RM’000
Aset kewangan
Kumpulan
Lain-lain pelaburan 194,104 110,053 82,811 1,240
Kerja kontrak yang telah dijalankan
tetapi belum dituntut 217,984 - 217,984 -
Penghutang perdagangan 375,380 - 375,380 -
Lain-lain penghutang, deposit dan
bayaran terdahulu 157,805 - 157,805 -
Pelaburan portfolio 18,431 18,431 - -
Simpanan tetap 352,686 - 352,686 -
Wang tunai dan baki di bank 154,767 - 154,767 -
1,471,157 128,484 1,341,433 1,240
160
78


36. INSTRUMEN KEWANGAN (SAMB.)
36.1 Kategori-kategori Instrumen Kewangan (samb.)
Amaun
dibawa NSUR KL KRN
2018 RM’000 RM’000 RM’000 RM’000
Aset kewangan
Perbadanan
Simpanan tetap 5,668 - 5,668 -
426,686 96,689 328,757 1,240
Aset liabiliti
Kumpulan
Pemiutang perdagangan (352,320) - (352,320) -
Lain-lain pemiutang (398,275) - (398,275) -
pemegang saham bukan kawalan (266) - (266) -
Pemiutang pajakan kewangan (5,527) - (5,527) -
Pinjaman (1,671,930) (12,394) (1,659,536) -
Ganjaran persaraan (9,418) - (9,418) -
(2,437,736) (12,394) (2,425,342) -
Perbadanan
Pinjaman (1,375,988) - (1,375,988) -
(1,792,644) - (1,792,644) -
161
79


Amaun
dibawa NSUR KL KRN
2017 RM’000 RM’000 RM’000 RM’000
Aset kewangan
Kumpulan
Kerja kontrak yang telah dijalankan
tetapi belum dituntut 266,803 - 266,803 -
Simpanan tetap 313,252 10,072 303,180 -
1,715,074 151,459 1,562,228 1,387
Perbadanan
Simpanan tetap 5,501 - 5,501 -
605,288 112,026 491,875 1,387
Aset liabiliti
Kumpulan
pemegang saham bukan kawalan (2,275) - (2,275) -
Pemiutang pajakan kewangan (2,687) (2,687) - -
Pinjaman (1,607,441) (233,294) (1,374,147) -
(2,271,099) (235,981) (2,035,118) -
Perbadanan
Pinjaman (1,293,885) - (1,293,885) -
(1,654,782) - (1,654,782) -
162
80


Berikut meringkaskan kaedah yang digunakan untuk menentukan nilai saksama

instrumen-instrumen kewangan seperti yang ditunjukkan dalam jadual di atas:
Pelaburan dalam ekuiti dan sekuriti hutang
Nilai saksama bagi aset-aset kewangan yang disebut harga dalam pasaran aktif
ditentukan dengan merujuk pada nilai aset dipetik menutup harga tawaran pada
akhir tempoh pelaporan.
36.2 Keuntungan dan Kerugian Bersih Yang Timbul Daripada Instrumen-

Instrumen Kewangan
Kumpulan Perbadanan
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Keuntungan/(Kerugian) bersih pada:

Aset kewangan yang diukur pada
nilai saksama melalui keuntungan
atau kerugian (12,288) 6,307 (12,288) 6,307
Aset kewangan yang diukur pada
kos yang dilunaskan (13,640) (4,410) (9,610) (5,283)
Liabiliti kewangan yang diukur pada
kos yang dilunaskan (84,223) (73,336) (62,035) (55,005)
(110,151) (71,439) (83,933) (53,981)
37. TARIKH KELULUSAN UNTUK TERBITAN
Penyata kewangan diluluskan untuk terbitan oleh Ahli Perbadanan pada tarikh penyata
kewangan ini.
163
81
164
Financial Statement
165
SELANGOR STATE DEVELOPMENT CORPORATION (PKNS)

(Incorporated in Malaysia under Enactment 4, 1964 Selangor)
FINANCIAL STATEMENT
Content Page
Statement by the Members of the Corporation 1
Statutory Declaration by the Officer Primarily Responsible for The

Financial Management 2
Statement of Comprehensive Income 3
Statement of Financial Position 4-5
Statement of Changes in Equity 6-8
Statement of Cashflow 9 - 12
Notes to the Financial Statements 13 - 81
Auditors' Report To the Auditor General
166

STATEMENT BY THE MEMBERS OF THE CORPORATION
The Members of PKNS do hereby state that, in our opinion, the Financial Statements consist of
Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in
Equity and Cash Flow Statement together with the notes to the Financial Statements herein, are
drawn up so as to give a true and fair view of the financial position of PKNS as at 31 December
2018 and the results of operations and changes in financial position for the year then ended.
On behalf of the Members of the Corporation,
TUAN HAJI AMIRUDIN BIN SHARI

Chairman
DATO’ NOR AZMIE BIN DIRON

Director
Shah Alam
Date
167

STATUTORY DECLARATION BY THE OFFICER PRIMARILY RESPONSIBLE FOR THE

FINANCIAL MANAGEMENT
I, DATO’ MOHD AZIZI BIN MOHD ZAIN, being the officer primary responsible for the financial
statement and accounting records of PKNS, do solemnly and sincerely declare that the
accompanying Statement of Comprehensive Income, Statement of Financial Position,
Statement of Changes in Equity and Cash Flow Statement together with the notes to the
Financial Statements herein, are in my opinion correct and I make this solemn declaration
conscientiously believing the same to be true and by virtue of the provisions of the Statutory
declarations Act, 1960.
Subscribed and solemnly declared by the }

Above named DATO’ MOHD AZIZI BIN }
MOHD ZAIN at Shah Alam in the state of }
Selangor on }
DATO’ MOHD AZIZI BIN MOHD
ZAIN
Before me,
Commisioner of Oaths
Shah Alam
168

Statement of Comprehensive Income
SELANGOR
(Incorporated STATE under
in Malaysia DEVELOPMENT CORPORATION
Enactment 4, 1964 Selangor)(PKNS)
For the Financial Year End 31 December 2018
STATEMENT OF COMPREHENSIVE INCOME
FOR STATEMENT
THE FINANCIAL OF COMPREHENSIVE INCOME 2018
YEAR ENDED 31 DECEMBER
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018
Group Corporation
2018 Group
2017 2018 Corporation
2017
Note RM’000 2018 RM’0002017 RM’0002018 RM’0002017
Note RM’000 RM’000 RM’000 RM’000
Revenue 3 1,001,294 922,258 468,685 397,553
Revenue
Other operating income 3 1,001,294 922,258 468,685 397,553
283,679 104,189 89,299 91,184
Otherinoperating
Changes inventoryincome 283,679
(35,938) 104,189
32,171 89,299
(9,249) 91,184
22,480
Changes in inventory
Property development cost 15 (35,938)
(179,107) 32,171
(305,024) (9,249)
(142,438) 22,480
(200,634)
Property development
Contract cost recognised cost 15 (179,107)
(34,790) (305,024)
(33,633) (142,438)
- (200,634)
-
Contract
Service cost recognised
implementation costs (34,790) (174,806)
(209,176) (33,633) - - - -
Service
Staff costs implementation costs 4 (209,176)
(169,066) (174,806)
(175,575) (95,039) - (101,324) -
Staff costs
Depreciation of property, plant 4 (169,066) (175,575) (95,039) (101,324)
Depreciation
and equipment of property, plant 7 (38,433) (24,445) (6,916) (6,673)
and equipment
Depreciation of investment property 12 (38,433)
7 (5,438) (24,445)
(5,455) (6,916)
(5,211) (6,673)
(5,203)
Depreciation of
Other operating expenses investment property (5,438)
12(362,039) (5,455)
(211,611) (5,211)
(194,648) (5,203)
(162,040)
Other operating expenses (362,039) (211,611) (194,648) (162,040)
Operating profit 250,986 128,069 104,483 35,343
Operating
Finance costs profit 4 250,986 (73,336)
(84,223) 104,483 (55,005)
128,069 (62,035) 35,343
Share profit ofcosts
Finance 4 (84,223) (73,336) (62,035) (55,005)
Share profit
associated of
companies 102,516 56,122 - -
associated companies
Net income from other 102,516 56,122 - -
Net income
investments from other 5 71,345 25,747 68,588 135,621
investments 5 71,345 25,747 68,588 135,621
Profit before taxation and zakat 4 340,624 136,602 111,036 115,959

ZakatProfit before taxation and zakat 4 340,624
(4,388) 136,602
(4,734) 111,036
(3,118) 115,959
(3,793)
Zakat
Taxation 6 (4,388)
(4,134) (4,734)
(39,544) (3,118)
40,390 (3,793)
(14,253)
Taxation 6 (4,134) (39,544) 40,390 (14,253)
Profit after taxation and zakat 332,102 92,324 148,308 97,913
Gain Profit
on fairafter
valuetaxation
changesand
of zakat 332,102 92,324 148,308 97,913
Gain on
freehold land fair value changes of - 15,400 - -
freehold land
Non-controlling interest (43,255) - 15,400
(17,056) - - -
Non-controlling interest (43,255) (17,056) -
Net profit for the financial year /
Net
Total profit for the financial
comprehensive income year / 288,847 90,668 148,308 97,913
Total comprehensive income 288,847 90,668 148,308 97,913
The accompanying notes form an integral part of the financial statements

3 169
3

Statement of Financial Position
SELANGOR
(Incorporated STATE DEVELOPMENT
in Malaysia under Enactment CORPORATION
4, 1964 Selangor)(PKNS)
As At 31 December 2018
STATEMENT OF FINANCIAL POSITION
STATEMENT
AS AT 31 DECEMBER OF COMPREHENSIVE
2018 INCOME
Group Corporation
2018 Group 2017 2018 Corporation
2017
Note RM’000 2018 2017
RM’000 RM’0002018 RM’000 2017
Non-current Assets Note RM’000 RM’000 RM’000 RM’000
Property, plant and equipment 7 640,733 357,709 197,898 195,616
Revenue
Investment in subsidiary companies 8 3 1,001,294
- 922,258
- 468,6851,573,365
1,713,281 397,553
Investment in associated
Other operating incomecompanies 9 729,561
283,679 104,189 168,366
661,423 89,299 158,189 91,184
Other investments
Changes in inventory 10 194,104
(35,938) 337,185
32,171 115,890(9,249) 251,432 22,480
Goodwill
Propertyon consolidation
development cost 11 15 8,031(179,107) 9,149
(305,024) -
(142,438) -
(200,634)
Investment properties
Contract cost recognised 12 1,144,445
(34,790) 976,004
(33,633) 232,311 - 226,965 -
Land held for property development 13 872,060 777,368 467,345 451,472
Service implementation costs (209,176) (174,806) - -
Trade receivables 17 2,460 - - -
Staff costs 4 (169,066) (175,575) (95,039) (101,324)
Intangible asset - - - -
Depreciation of property, plant
Deferred tax assets 27 48,010 25,583 22,952 3,929
and equipment 7 (38,433) (24,445) (6,916) (6,673)
3,639,404 3,144,421 2,918,043 2,860,968
Depreciation of investment property 12 (5,438) (5,455) (5,211) (5,203)
Current Assets
Inventories 14 367,276 418,255 229,977 249,365
Operating
Property profit costs
development 15 3,751,398250,986 3,664,689 104,4833,144,304
128,069 3,365,481 35,343
Finance costs
Amount due from contract 4 (84,223) (73,336) (62,035) (55,005)
Share profit of - -
customer 16 217,984 266,803
associated
Accrued billings companies 102,516
9,644 56,122
2,108 - - - -
Net income
Trade receivables from other 17 372,920 460,984 199,235 244,673
Otherinvestments
receivables, deposits and 5 71,345 25,747 68,588 135,621
prepayments 18 157,805 145,094 73,574 55,141
Portfolio investment 19 18,431 22,361 15,339 18,797
Profit
Fixed before taxation and zakat 20 4 352,686
deposits 340,624 136,602
313,252 111,036
5,668 115,959
5,501
CashZakat
and bank balance 30 154,767(4,388) 169,395(4,734) (3,118) 29,744(3,793)
16,980
TaxTaxation
recoverable 6 89,674 (4,134) 77,202
(39,544) 72,487
40,390 47,572 (14,253)
5,492,585 5,540,143 3,978,741 3,795,097
Current Liabilities
Trade
Gain payables
on fair value changes of 26 352,320 281,836 107,991 86,234
Amount due toland
freehold contract - 15,400 - -
- -
customer 16 190,487 244,375
Progress billings 53,738 80,328 16,025 62,833
Other payables 28 398,275 368,367 304,997 270,884
Amounts due to non-controlling
Total comprehensive income 29 288,847 90,668 -
148,308 -
97,913
shareholders 266 2,275
Finance lease payable 22 2,209 804 - -
Short term loan 23 27,704 17,045 3,200 3,200
Tax liabilities 1,112 4,078 - -
Deferred Grant 8,933 1,632 - -
1,035,044 1,000,740 432,213 423,151
Net current assets 4,457,541 4,539,403 3,546,528 3,371,946
8,096,945 7,683,824 6,464,571 6,232,914

4
170
3

Statement of Financial Position
SELANGOR
in Malaysia CORPORATION
under Enactment 4, 1964 Selangor)(PKNS)
As At 31 December 2018 (Cont’d)
STATEMENT OF FINANCIAL POSITION
AS STATEMENT
AT 31 DECEMBER OF COMPREHENSIVE
2018 (CONT’D) INCOME
Group Corporation
2018 Group2017 2018 Corporation
2017
Note RM’000 2018 RM’0002017 RM’0002018 RM’0002017
Financed by: Note RM’000 RM’000 RM’000 RM’000
Retained earnings 6,133,112 5,832,792 5,039,154 4,890,846
Revenue
Asset protection reserves 21 3 1,001,294
23,052 922,258
25,243 468,685
23,052 397,553
25,243
Reserves
Other operating income 20,170
283,679 21,749
104,189 -
89,299 -
91,184
Changes in inventory 6,176,334
(35,938) 5,879,784
32,171 5,062,206
(9,249) 4,916,089
22,480
Non-controlling interests cost
Property development 15 143,527
(179,107) 113,128
(305,024) -
(142,438) -
(200,634)
Total equity cost recognised
Contract 6,319,861 (33,633) 5,062,206
(34,790) 5,992,912 - 4,916,089 -
Non-current
Staff costsliabilities 4 (169,066) (175,575) (95,039) (101,324)
Finance lease payable
Depreciation of property, plant 22 3,318 1,883 - -
Otherandpayables
equipment 28 7 3,269
(38,433) 1,554
(24,445) -
(6,916) -
(6,673)
Long term loan 23
Depreciation of investment property 12 1,644,226
(5,438) 1,590,396
(5,455) 1,372,788
(5,211) 1,290,685
(5,203)
Provision for closure and
Other operating expenses post (362,039) (211,611) (194,648) (162,040)
closure costs 24 58,369 53,908 - -
Retirement benefits 25 9,418 8,493 3,668 3,779
Operating profit 250,986 128,069 104,483 35,343
Deferred tax liabilities 27 58,484 34,678 25,909 22,361
Finance costs 4 (84,223) (73,336) (62,035) (55,005)
Total Non-current liabilities 1,777,084 1,690,912 1,402,365 1,316,825
Share profit of
8,096,945 7,683,824 6,464,571 6,232,914
associated companies 102,516 56,122 - -
Net income from other
investments 5 71,345 25,747 68,588 135,621

Zakat (4,388) (4,734) (3,118) (3,793)
Taxation 6 (4,134) (39,544) 40,390 (14,253)

Gain on fair value changes of
freehold land - 15,400 - -


5
171
3
Property development cost 15 (179,107) (305,024) (142,438) (200,634)
Contract cost recognised (34,790) (33,633) - -
Staff costs 4 (169,066) (175,575) (95,039) (101,324)
Depreciation of property,
plant
(Incorporated in Malaysia equipment
andunder Enactment 4, 1964 Selangor) 7 (38,433) (24,445) (6,916) (6,673)
Statement of Changes in Equity
For The Year
STATEMENT OF CHANGES
Ended 31INDecember
EQUITY 2018
Operating profit
FOR THE YEAR ENDED 31 DECEMBER 2018 250,986 128,069 104,483 35,343
Finance costs 4 (84,223) (73,336) (62,035) (55,005)
Share profit of Asset Re- Non-
associated companies Protection valuation
102,516Other Retained
56,122 - Controlling
- Total
Net income from other Reserves Reserves Reserves Earnings Total Interests Equity
investments RM’000 5RM’000 RM’000
71,345 RM’000
25,747 RM’000
68,588 RM’000
135,621 RM’000
Group
Profit
Balance as at 1 January before taxation and zakat
2017 24,465 4 3,232
340,624 5,227 136,602
5,757,231 111,036
5,790,155 115,959
97,390 5,887,545
Zakat (4,388) (4,734) (3,118) (3,793)
Net profit for the current year - 75,268 75,268 17,056 92,324
Taxation 6 - (4,134) - (39,544) 40,390 (14,253)
Gain on fair value changes of freehold land - 15,400 - - 15,400 - 15,400
Other adjustment Profit after taxation and zakat 332,102 92,324 148,308 97,913
- - - - - (1,318) (1,318)
172
Fair value classification
freehold land - - - (293) 15,400 293 - - - - -
Increase / (decrease)Non-controlling
in the interest (43,255) (17,056) -
current year 778 - (1,817) - (1,039) - (1,039)
Total comprehensive
Balance as at 31 December 2017 income
25,243 18,632
288,847 3,117 90,668
5,832,792 148,308
5,879,784 97,913
113,128 5,992,912
The accompanying notes form an integral

6 part of the financial statements
3
Staff costs 4 (169,066) (175,575) (95,039) (101,324)
Depreciation of property,
SELANGOR STATE DEVELOPMENT CORPORATION (PKNS) plant
(Incorporated in Malaysia equipment
andunder Enactment 4, 1964 Selangor) 7 (38,433) (24,445) (6,916) (6,673)
Laporan Tahunan

STATEMENT OF CHANGES
For The Year EQUITY
Ended 31INDecember 2018 (Cont”d)
FOR THE YEAR ENDED 31 DECEMBER
Operating profit 2018 (CONT’D) 250,986 128,069 104,483 35,343
Finance costs 4 (84,223) (73,336) (62,035) (55,005)
2018 Annual Report
Share profit of Asset Re- Non-

associated companies Protection valuation
102,516Other Retained
56,122 - Controlling
- Total
Net income from other Reserves Reserves Reserves Earnings Total Interests Equity
investments RM’000 5RM’000 RM’000
71,345 RM’000
25,747 RM’000
68,588 RM’000
135,621 RM’000
Group
Profit
Balance as at 1 January 2018before taxation and zakat
25,243 4 18,632
340,624 3,117 136,602
5,832,792 111,036
5,879,784 115,959
113,128 5,992,912
As previously stated Zakat - - (4,388) - (4,734)9,150 (3,118)
9,150 (3,793) - 9,150
As restated Taxation 25,243 6 18,632 (4,134) 3,117 (39,544)
5,841,942 40,390
5,888,934 (14,253)
113,128 6,002,062
Net profit for the current year - - - 288,847 288,847 - 288,847
Fair value classification
Gain on fair value changes of - - 21 (21) - - -
173
in the
Increase / (decrease) freehold land - 15,400 - -
current year Non-controlling interest (2,191) -(43,255)(1,600) (17,056)2,344 (1,447)
- 30,399 28,952
Balance as at 31 December 2018

Net profit 23,052
for the financial year / 18,632 1,538 6,133,112 6,176,334 143,527 6,319,861
7
3
Staff costs 4 (169,066) (175,575) (95,039) (101,324)
SELANGOR
DepreciationSTATE DEVELOPMENT
of property, plant CORPORATION (PKNS)
(Incorporated in Malaysia under Enactment
and equipment 7 4, 1964 Selangor) (24,445)
(38,433) (6,916) (6,673)
STATEMENT
For The Year Ended OF CHANGES
31 December EQUITY
2018IN(Cont’d)
FOR THE YEAR
Operating (CONT’D)
profit ENDED 31 DECEMBER 2018250,986 128,069 104,483 35,343
Finance costs 4 (84,223) (73,336) (62,035) (55,005)
Share profit of Asset
associated companies Protection
102,516 Retained
56,122 - -
Net income from other Reserves Earnings Total
investments 5 RM’000
71,345 RM’000
25,747 RM’000
68,588 135,621
Corporation
Balance
Profit before
as at 1taxation 2017
Januaryand zakat 4 24,465
340,624 4,792,933
136,602 4,817,398
111,036 115,959
Increase
Zakat in the current year (4,388)778 (4,734) - 778
(3,118) (3,793)
Net profit for the current year
Taxation 6 (4,134) - 97,913
(39,544) 97,913
40,390 (14,253)
Balance as at 31 December 2017 25,243 4,890,846 4,916,089
Balance
Gain onas 1 January
fairatvalue 2018
changes of 25,243 4,890,846 4,916,089
174
freehold
Increase inland
the current year (2,191)
- 15,400 - (2,191)
- -
Non-controlling
Net profit for the interest
current year (43,255) - (17,056)
148,308 148,308
-
Balance as at 31 December 2018 23,052 5,039,154 5,062,206

3

Statement of Cash Flows
SELANGOR
in Malaysia DEVELOPMENT
Enactment 4,CORPORATION
1964 Selangor) (PKNS)
For The Year Ended 31 December 2018
STATEMENT OF CASH FLOWS
FORSTATEMENT OF COMPREHENSIVE
THE YEAR ENDED INCOME
31 DECEMBER 2018
Group Corporation
2018 Group
2017
2018
RM’000 2017
RM’000 2018
RM’000 RM’0002017
Cash flows from operating activities Note RM’000 RM’000 RM’000 RM’000
Revenue
Profit before tax, zakat and non- 3 1,001,294 922,258 468,685 397,553
controlling interests
Other operating income 340,624 104,189 111,036
283,679 136,602 89,299 115,95991,184
Depreciation
Changes in inventory plant and
of property, (35,938) 32,171 (9,249) 22,480
equipment
Property development cost 15 38,433
(179,107) 24,445
(305,024) 6,916
(142,438) 6,673
(200,634)
Depreciation of investment property 5,438 5,455 5,211 5,203
Finance costs 84,223 73,336 62,035 55,005
(Revesal) / Provision for impairment of
Staff costs 4 (169,066) (175,575) (95,039) (101,324)
property, plant and equipment (4,700) 260 - -
Depreciation of property, plant 343 -
Amortisation of investment property 130 -
and equipment
Provision for closure and post 7 (38,433) (24,445) (6,916) (6,673)
closure costs of investment property
Depreciation 12 7,232 (5,438) (5,455)
4,698 (5,211)
- -(5,203)
Otherinoperating
Change fair valueexpenses
of investment (362,039) (211,611) (194,648) (162,040)
properties recognised in statement of
Operating profitincome
comprehensive 250,986
(88,829) 128,069
14,862 104,483
- -35,343
Finance/ Provision
(Revesal) costs for impairment of 4 (84,223) (73,336) (62,035) (55,005)
Share profit
property of
development costs (3,302) 815 - -
associated
Provision companies
for impairment of associated 102,516 56,122 - -
company 2,728 - - -
investments
Provision for impairment of land held for 5 71,345 25,747 68,588 135,621
development 22,833 35,921 - -
Provision for doubtful debts 13,640 4,410 9,610 5,283
Provision for retirement
Profit before benefits
taxation and zakat 4 1,852340,624 549
136,602 627
111,036 288
115,959
Investment
Zakat in associate written off -
(4,388) (22,725)
(4,734) -(3,118) (22,725)(3,793)
Property,
Taxationplant and equipment written off 6 50(4,134) 89
(39,544) -
40,390 -
(14,253)
Amortisation of intangible asset - 4 - -
Share of results
Profit of an associated
after taxation and zakat
companies 332,102
(102,516) 92,324
(56,122) 148,308
- -97,913
Proceed on sale of subsidiary company (40,833) - - -
freehold land
Provision for impairment of other - 15,400 - -
Non-controlling interest
investment (43,255)
147 (17,056)
3 147 - -
Dividend income (11,367) (5,229) (59,274) (129,316)
Net profit
Adjustment forfor
: the financial year /
Total comprehensive
Depreciation of property, plantincome
and 288,847 90,668 148,308 97,913
equipment 10 65 - 4
Depreciation of investment property 61 24 61 24
Interest income (19,145) (20,518) (9,314) (6,305)

9
175
3

SELANGOR
in Malaysia under EnactmentCORPORATION
4, 1964 Selangor)(PKNS)
For The Year Ended 31 December 2018 (Cont’d)
FOR STATEMENT
THE YEAR ENDED OF COMPREHENSIVE
31 DECEMBER INCOME
2018 (CONT’D)
Group Corporation
2018 Group2017 2018 Corporation
2017
2018
RM’000 2017
RM’000 2018
RM’000 2017
RM’000
Cash flows from operating activities Note RM’000 RM’000 RM’000 RM’000
(cont’d)
Revenue 3 1,001,294 922,258 468,685 397,553
Provision / (Reversal)
Other operating for impairment of
income 283,679 104,189 89,299 91,184
portfolio investment
Changes in inventory 759
(35,938) (773)
32,171 759
(9,249) -
22,480
Change
Propertyin fair
development cost investments 15 11,319
value of other (179,107) (3,793)
(305,024) 11,324
(142,438) (3,793)
(200,634)
Operating
Contract profit
costbefore working capital
recognised (34,790) (33,633) - -
changes 259,000
(209,176) 192,508 139,138 - 26,300
Service implementation costs (174,806) -
Increase/Decrease in: (169,066) (95,039)
Staff costs 4 (175,575) (101,324)
Property development costs (385,009) (541,534) (258,371) (451,551)
Inventories 50,686 (104,996) 20,048 (113,926)
and equipment 7 (38,433) (24,445) (6,916) (6,673)
Trade receivable 94,611 (33,729) 59,300 (49,799)
Goodwill 1,118 (1,407) - -
Housing Developers
(Control and Licensing)
Operating
Act, 1996 profit 250,986
(2,351) 128,069
37,250 104,483
- 35,343
-
Finance costs
Fixed deposit pledged in licensed banks 4 (84,223)
6,194 (73,336)
19 (62,035)
- (55,005)
-
Share profit
Amount due fromof contract customer 52,513 215,306 - -
associated
Other companies
receivables, deposits and 102,516 56,122 - -
Net income
prepayments from other (14,341) (10,278) (19,577) 18,333
investments
Amount due from associated companies 5 71,345
- 25,747
- 68,588
(1,311) 135,621
(1,225)
Increase/Decrease in:
Trade payable 70,484 (56,821) 21,757 (19,881)
Profit before
Amount taxationcustomer
due to contract and zakat 340,624 (168,641)
4 (80,478) 136,602 111,036
(46,808) 115,959
49,344
Zakat due to non-controlling
Amount (4,388) (4,734) (3,118) (3,793)
Taxation
shareholder 6 (4,134)
- (39,544)
(22,495) 40,390
- (14,253)
-
Amount due to related company (2,009) - - -
Other payables
Profit after taxation and zakat 31,623
332,102 77,337
92,324 34,113
148,308 46,171
97,913
Other (2,791) (2,191)
Gainreserves
on fair value changes of (1,039) 778
Cashfreehold
generated land from operation 79,250 - (418,520) 15,400 (53,902) - (495,456) -
Non-controlling
Tax paid interest (43,255) (37,483)
(21,067) (17,056) - - (5,393)
Interest paid (84,223) (73,336) (62,035) (55,005)
Zakat paid for the financial year /
Net profit (4,388) (4,734) (3,118) (3,793)
Retirement benefit paid income
Total comprehensive (927)
288,847 (286)
90,668 (738)
148,308 -
97,913
Net cash flows generated from operating
activities (31,355) (534,359) (119,793) (559,647)

10
176
3

SELANGOR
Enactment 4, 1964 Selangor) (PKNS)
31 DECEMBER 2018 (CONT’D)
Group Corporation
2018 Group
2017
2018
RM’000 2017
RM’000 RM’0002018 RM’0002017
Cash flows from investing activities Note RM’000 RM’000 RM’000 RM’000
Revenue
Interest income 1,001,294
3 19,145 922,258
20,518 468,685
9,314 397,553
6,305
Dividend received from
Other operating other
income 283,679 104,189 89,299 91,184
investments
Changes in inventory 11,367
(35,938) 5,229
32,171 4,486(9,249) 3,95222,480
Dividend received from subsidiary
companies - - 16,713 9,312
Dividend received from associated
Service implementation costs
companies (209,176)
- (174,806)
- 38,075 - 116,052 -
Staff costs
Proceed from sale of property, plant and 4 (169,066) (175,575) (95,039) (101,324)
equipment 493 1,803 493 1,803
and equipment
Proceed from disposal of property, plant 7 (38,433) (24,445) (6,916) (6,673)
Depreciation
and equipment of investment property 12 (5,438)
416 10,230(5,455) (5,211)
- -(5,203)
Other operating
Proceed from sale of expenses
investment (362,039) (211,611) (194,648) (162,040)
property 5,646 3,002 5,646 3,002
Operating
Increase profit plant and
of property, 250,986 128,069 104,483 35,343
Finance
equipment costs 4 (84,223)
(63,416) (73,336)
(100,040) (62,035)
(9,691) (55,005)
(21,258)
Share profit
Decrease of investment
of other 292,284 523,304 280,071 505,000
Increase of other
associated investment
companies (160,669)
102,516 56,122 (156,000)
(524,248) - (504,000) -
Increase of investment
Net income from otherproperty (72,995) (48,207) (747) (3,145)
Decrease / (Increase) of Portfolio
investments 5 71,345 25,747 68,588 135,621
investment 3,171 (3,239) 2,699 (3,927)
Proceed from disposal of investments in
associate
Profit before taxation and zakat 4 31,650340,624 144,120
136,602 -
111,036 -
115,959
Investment
Zakat in subsiadiaries -
(4,388) -(4,734) (139,916)
(3,118) (138,424)(3,793)
Investment
Taxation in associates 6 -
(4,134) -
(39,544) (10,177)
40,390 -
(14,253)
Increase of land held for development (120,756) (140,676) (15,873) (1,151)
Disposal of land held for property
Profit after taxation and zakat
development 332,102
12,488 92,324
30,727 148,308
- 20,61197,913
Gain on fair value changes
Disposal of subsidiary company of 40,833 - - -
freehold
Closure and land
post closure costs (2,771) - 15,400
(941) - - - -
Non-controlling
Increase interest interest in
of non-controlling (43,255) (17,056) -
subsidiaries (11,512) (1,318) - -
Net Net
cashprofit
flows for the financial
generated year in)
from /(used /
Total activities
investing comprehensive income 288,847
(14,626) 90,668
(79,736) 148,308
25,093 97,913
(5,868)

11
177
3

SELANGOR
Enactment 4, 1964 Selangor) (PKNS)
31 DECEMBER 2018 (CONT’D)
Group Corporation
2018 Group
2017
2018
RM’000 2017
RM’000 2018
RM’000 2017
RM’000
Cash flows from financing activities Note RM’000 RM’000 RM’000 RM’000
Revenueof term loan

Drawdown 3 1,001,294
64,489 922,258
564,541 468,685
82,103 397,553
511,383
Receipt
Otherofoperating
grant income 126,990
283,679 15,894
104,189 -
89,299 -
91,184
Utilization of grant
Changes in inventory (119,689)
(35,938) (14,262)
32,171 -
(9,249) -
22,480
Repayment
Property of Finance leases
development cost payable 15 2,840
(179,107) 2,165
(305,024) -
(142,438) -
(200,634)
Net cash
Contract cost recognised / (used in)
flows generated from (34,790) (33,633) - -
financing
Serviceactivities
implementation costs 74,630
(209,176) 568,338
(174,806) 82,103 - 511,383 -
Staff costs 4 (169,066) (175,575) (95,039) (101,324)
Net increase/(decrease) in cash
Depreciation of property, and cash
plant 28,649 (45,757) (12,597) (54,132)
equivalents
and equipment 7 (38,433) (24,445) (6,916) (6,673)
CashOther
and cash equivalents
operating at the
expenses (362,039) (211,611) (194,648) (162,040)
beginning of financial year 440,741 486,498 35,245 89,377
CashOperating
and cash profit
equivalents at the end of 250,986 128,069 104,483 35,343
financial
Finance costs 30)
year (Note 4 469,390
(84,223) 440,741
(73,336) 22,648
(62,035) 35,245
(55,005)
Share profit of
associated companies 102,516 56,122 - -
investments 5 71,345 25,747 68,588 135,621

Zakat (4,388) (4,734) (3,118) (3,793)
Taxation 6 (4,134) (39,544) 40,390 (14,253)

freehold land - 15,400 - -


12 178
3
Notes To The Financial Statements

For The Year Ended 31 December 2018

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018
The principal activities of the Corporation is the development of new towns and cities,
development of land for industrial and housing purposes, and the construction of various types
of buildings for sale or rental.
The principal activities of the subsidiaries are as disclosed in Note 8.
There were no significant changes to the principal activities of the Corporation and its
subsidiaries during the financial year.
The registered office and principal place of business of Corporation is located at PKNS
Headquaters, No 2. Jalan Indah, 14/8, Seksyen 14, 40000 Shah Alam, Selangor Darul Ehsan.
1. BASIS OF PREPARATION
(a) Statement of compliance
The financial statements of the Corporation have been prepared in accordance with
the Selangor State Development Corporation's Enactment 1964 (Amendment 2014),
Malaysian Private Entities Reporting Standard (“MPERS”) and the requirements of
the Companies Act, 2016 in Malaysia.
(b) Basis of measurement
The financial statements have been prepared on the historical cost basis other than
as disclosed in Note 2.
(c) Fuctional and presentation currency
The financial statements are presented in Ringgit Malaysia ("RM"), which is the
Corporation's functional currency and all values are rounded to the nearest
thousand, unless otherwise stated.
(d) Use of estimates and judgments
The preparation of financial statements in accordance to MPERS requires

management to make judgments, estimates and assumptions that affect the
application of accounting policies and the reported amounts of assets, liabilities,
income and expenses. Actual results may differ from these estimates.
179
13

FOR THE YEAR ENDED 31 DECEMBER 2018 (CONT’D)
1. BASIS OF PREPARATION (CONT’D)
(d) Use of estimates and judgments (cont’d)
Estimates and underlying assumptions are reviewed on an ongoing basis.

Revisions to accounting estimates are recognised in the period in which the
estimates are revised and in any future periods affected.
In particular, the key areas of estimation uncertainty and critical judgments in

applying accounting policies that have significant effect in determining the
amounts recognised in the financial statements are described in the following
notes:
i) Revenue
Income from housing project and construction contract is measured by the

percentage of completion stage progress method. Estimated work
completion, income and future costs and completeness of completion of
billed bills required to determine the percentage method of progressive
work. Budget and internal forecasts are used within these estimates. The
actual outcome will only be known when the contract or development
project is completed and all units are sold to the customer, and this actual
income will not be the same as the estimates made.
ii) Depreciation of Property, plant and Equipment
The cost of property, plant and equipment are depreciated on a straight-

line basis over the assets’ useful lives. Changes in the expected level of
usage could impact the economic useful life and the residual values of
those assets, therefore future depreciation charges could be revised.
iii) Income Taxes
There are certain transactions and computations for which the ultimate
tax determination may be different from the initial estimate. The Group
and the Company recognise tax liabilities based on its understanding of
the prevailing tax laws and estimates of whether such taxes will be due
in the ordinary course of business. Where the final outcome of these
matters is different from amounts that were initially recognised, such
difference will impact the income tax and deferred tax provisions in the
period in which such determination is made.
180
14

iv) Classification of Investment Property
Certain property comprises of a portion that is held to earn rental income or

capital appreciation, or for both, whilst the remaining portion is held for use in
the production or supply of goods and services or for administrative purpose.
If the portion held for rental and/or capital appreciation could be sold
separately (or leased out separately as a finance lease), the Group accounts
for that portion as an investment property. If the portion held for rental and/or
capital appreciation could not be sold or leased out separately, it is classified
as an investment property only if an insignificant portion of the property is
held for use in the production or supply or goods and services or for
administrative purposes. Management uses its judgement to determine
whether any ancillary services are of such significance that a property does
not qualify as an investment property.
v) Impairment of Trade and Other Receivables
An impairment loss is recognised when there is objective evidence that a

financial asset is impaired. Management specifically reviews its loan and
receivables financial assets and analyses historical bad debts, customer
concentrations, customer creditworthiness, current economic trends and
changes in the customer payment terms when making a judgement to
evaluate the adequacy of the allowance for impairment losses. Where there
is objective evidence of impairment, the amount and timing of future cash
flows are estimated based on historical loss experience for assets with
similar credit risk characteristics. If the expectation is different from the
estimation, such difference will impact the carrying value of receivables.
vi) Fair Value of Financial Assets and Financial Liabilities
The value of assets and financial liabilities is determined by the fair value, in
which estimates and accounting considerations are used. If the Group and
Corporation use different measurement methods, the fair value will change
even if the significant components in fair value measurement can be verified
and have objective evidence. Any change in the fair value of these assets
and liabilities will affect the Group's profits and / or equity.
181
15
Notes
(Incorporated inTo The under Financial Statements
Malaysia Enactment 4, 1964 Selangor)
vii) Deferred Tax Asset
Deferred tax assets are recognised only to the extent that their future taxable
profits are probable and can be utilised to offset temporary differences.
Deferred tax assets are reviewed at the end of each reporting period and
reduced to an extent that it is no longer probable that the related tax benefits
will be realised.
2. SIGNIFICANT ACCOUNTING POLICIES
The accounting policies set out below have been applied consistently to the periods
presented in these financial statements, and have been applied consistently by Group
entities, unless otherwise stated.
(a) Basis of consolidation
(i) Subsidiaries
Subsidiaries are entities (including special purpose entities) controlled by the

Corporation. The financial statements of subsidiaries are included in the
consolidated financial statements from the date that control is commences
until the date that control ceases.
Investments in subsidiaries are measured in the statement of financial

position of the Corporation at cost less impairment losses. The investment
cost, including transaction costs.
(ii) Business combination
Business combinations are accounted for applying the purchase method

from the acquisition date, which is the date on which the Group obtains
control of the acquiree. The cost of a business combination is the aggregate
of:
 the fair values, at the date of acquisition, of assets given, liabilities

incurred or assumed, and equity instruments issued by the acquirer, in
exchange for control of the acquiree, plus
 any costs directly attributable to the business combination.
182
Notes
2. SIGNIFICANT ACCOUNTING POLICIES (CONT’D)
(a) Basis of consolidation (cont’d)
(ii) Business combination (cont’d)
If an associate or a jointly controlled entity becomes a subsidiary, the Group

remeasures its previously held equity interest to fair value and recognises
the resulting gain or loss, if any, in profit or loss. The remeasured carrying
amount forms part of the cost of business combination.
When the cost of the business combination is in excess of the Group’s

interest in the net fair value of the identifiable assets, liabilities and
contingent liabilities recognised, the excess is recognised as goodwill. When
the excess is negative, a bargain purchase gain is recognised immediately in
profit or loss.
The non-controlling interest in the acquiree is measured at the proportionate

share of the acquiree’s identifiable net assets at the acquisition date.
(iii) Acquisition of non-controlling interests
The Group accounts for all changes in its ownership interest in a subsidiary
that do not result in a loss of control as equity transactions between the
Group and its non-controlling interest holders. Any difference between the
Group’s share of net assets before and after the change, and any
consideration received or paid, is adjusted to or against Group reserves.
(iv) Loss of control
Upon the loss of control of a subsidiary, the Group recognises the difference
between the disposal of subsidiaries and the total carrying amount at the
date of disposal. If the Group retains an interest in the former subsidiary, the
investment is accounted for as a financial asset from the date the entity
ceases to be a subsidiary, provided that it does not become a subsidiary or
affiliated entity jointly controlled entities. The carrying amount of the
investment at the date the entity ceases to be a subsidiary is regarded as
cost on the initial measurement of financial assets.
183

(v) Associates entities
Associated are entities, including unincorporated entities, in which the Group

has a long term equity interest and where it exercises significant influence,
but not control, over the financial policies and operations.
Investments in associates are accounted for in the consolidated financial

statements using the equity method less impairment losses. The investment
cost, including transaction costs. The consolidated financial statements
include the Group's share of post-acquisition profit or loss and other
comprehensive income of associated. After adjustment, if any, to adjust the
accounting policies with the Group, from the date that significant influence
commences until the date that significant influence ceases.
When the Group’s share of losses exceeds its interest in an associate, the
carrying amount of that interest including any long-term investments is
reduced to zero, and the recognition of further losses is discontinued except
to the extent that the Group has an obligation or has made payments on
behalf of the associate.
When the Group ceases to have significant influence over an associate, any
interest retained in the former associate at the date when significant
influence is lost is measured at fair value and this amount is regarded as the
initial carrying amount of a financial asset. The difference between the fair
value of any retained interest plus proceeds from the interest disposed of
and the carrying amount of the investment at the date when equity method is
discontinued is recognised in the profit or loss.
When the Group’s interest in an associate decreases but does not result in a
loss of significant influence, any retained interest is not remeasured. Any
gain or loss arising from the decrease in interest is recognised in profit or
loss. Any gains or losses previously recognised in other comprehensive
income are also reclassified proportionately to profit or loss if that gain or
loss would be required to be reclassified to profit or loss on the disposal of
the related assets or liabilities.
Investments in associates are measured in the Corporation’s statement of

financial position at cost less any impairment losses. The cost of the
investment includes transaction costs.
184

(vi) Joint ventures entities
Joint ventures are arrangements of which the Group has joint control,
established by contracts requiring unanimous consent for strategic financial
and operating decisions over an economic activity.
Jointly controlled entities have been classified and accounted for as follows:
 A jointly controlled entity are classified as "jointly controlled

operations" when the joint operation involving the use of assets
and other resources of the Group or the Corporation, rather than
the establishment of a corporation, partnership or other entity, or a
financial structure that is separate from the Group or the
Corporation itself. Group or the Corporation's uses its own
property, plant and equipment and carries its own inventories.
Group or the Company also incurs its own expenses and liabilities
and raise its own financial resources, which represent its own
obligations. The joint activities undertaken by employees of the
Group or the Corporation, together with similar activities. Group or
the Corporation recognizes the assets controlled and liabilities that
is incurs, as well as the expenses incurred and the income that it
earns from the sale of goods or services by the joint venture.
 A jointly controlled entity are classified as "jointly controlled assets"

when the Group or the Corporation contributes for one or more
assets to a joint venture that has joint control, or acquires assets
and dedicate assets to the joint venture. Group or the Corporation
recognises its share of the jointly controlled assets, classified
according to the nature of the assets, the liabilities that is incurred,
and its share of the liabilities incurred jointly with other venturers in
relation to the joint venture. Group or the Corporation also
recognises revenue from the sale or use of the production joint
venture, together with the expenses incurred by the joint venture
and any expenses incurred in respect of its interest in the joint
venture.
185

(vi) Joint ventures entities (cont’d)
 Jointly controlled entity are classified as "jointly controlled entities"

when it involves the establishment of a corporation, partnership or
other entity in which the Group has interests. The Group has joint
control over economic activity joint venture based on contractual
arrangements between the Group and other venturers. The Group
accounts for its interests in jointly controlled entities using the
equity method.
The Group accounts for its interests in jointly controlled entities using the
equity method. Investments in jointly controlled entities are measured in the
statement of financial position of the Corporation at cost less impairment
losses. The cost of investment includes transaction costs.
(vii) Non-controlling interests
Non-controlling interest at the end of the reporting period, represents the

equity in a subsidiary not attributable, either directly or indirectly to the
equity holders of the Corporation, are presented in the statement of
financial position within equity, separately from the equity attributable to
shareholders of the Corporation. Non-controlling interest in the Group are
presented in the statements of the consolidated profit or loss and other
comprehensive income for the year between the interests of non-controlling
shareholders of the Corporation.
Losses applicable to the non-controlling interests in subsidiaries attributable

to non-controlling interests even if doing so causes the non-controlling
interests have a deficit balance.
(viii) Transactions eliminated on consolidation
Intra-group balances and transactions, including income, expenses and

dividends, are eliminated in full in preparing the consolidated financial
statements.
Unrealised profits and losses arising from transactions with associated

entities using the equity method and jointly controlled entities are eliminated
against the investment to the extent the Group's interest in the investee.
Unrealised losses are eliminated only to the extent that there is evidence of
impairment of the asset transferred.
186
20

(b) Foreign currency exchange
Transactions in foreign currencies are translated to the respective functional

currency of each entity in the Group at the exchange rates at the date of the
transaction.
Monetary assets and liabilities denominated in foreign currencies at the end of

the reporting period are retranslated to the functional currency at the exchange
rate on that date.
Non-monetary assets and liabilities denominated in foreign currencies at the end

of the reporting period are not retranslated to the functional currency at the
exchange rate on that date, except for those that are measured at fair value are
retranslated to the functional currency at the exchange rate at the date the fair
value was determined.
(c) Financial instrument
(i) Recognition and initial measurement
A financial asset or financial liability is recognised in the statement of

financial position when, and only when, the Group and the Corporation
becomes a party to the contractual provisions of the instrument.
Financial instruments are initially recognised at the transaction price

(including transaction costs except in the initial measurement of financial
assets or financial liabilities measured at fair value through profit or loss)
unless the arrangement constitutes, in effect, a financing transaction. If the
arrangement constitutes a financing transaction, the financial assets or
financial liabilities are measured at the present value of future payments
discounted at market interest rates for similar debt instruments.
(ii) Subsequent measurement
Debt instruments which fulfill the following conditions are measured at

amortised cost using the effective interest method:
(a) return to the holder can be determined, for example, a fixed amount and /
or variable rate of return on the benchmark against a quoted or
observable interest rate
(b) there is no contractual provision that could lead to the holder losing the
principal amount or any interest attributable to the current period or prior
period; and
(c) prepayment option , if any, is not dependent on future events.
187
21

(c) Financial instrument (cont’d)
(ii) Subsequent measurement (cont’d)
Debt instruments that are classified as current assets or current liabilities are
measured at an undiscounted amount of cash or other consideration that are
expected to be paid or received unless the arrangement constitutes, in fact, a
financing transaction.
All financial assets and other financial liabilities which are not measured at
amortised cost or cost less impairment would be measured at fair value with
changes recognised in profit or loss.
All financial assets (except for financial assets measured at fair value through
profit or loss) are assessed at each reporting date whether there is any
objective evidence of impairment. The impairment loss is measured as
follows:
• For an instruments measured at amortised cost, the impairment loss is

the difference between the asset's carrying amount and the present
value of estimated cash flows discounted at the asset's original effective
interest rate.
• For an instrument is measured at cost less impairment, the impairment
loss is the difference between the asset's carrying amount and the best
estimate of the amount to be received for the asset if it were sold at the
reporting date.
(iii) Derecognition
A financial asset or part of it is derecognised when the contractual rights to

the cash flows from the financial assets expire or the financial asset is
transferred to another party without control is maintained or substantially all
risks and rewards of ownership of financial assets. When the derecognition
of financial assets, the difference between the carrying amount of the asset
and the amount of the consideration received, including any rights and
obligations of the newly created, have been recognised in profit or loss.
A financial liability or a part of it is derecognised when the obligation

specified in the contract have been deprived or canceled or due. On
derecognition of a financial liability, the difference between the carrying
amount of the financial liability extinguished or transferred to another party
and the consideration paid, including any non-cash assets transferred or
liabilities are estimated, are recognised in profit or loss.
188
22
Notes
(Incorporated in To The Financial
Malaysia under Enactment Statements
4, 1964 Selangor)
(d) Property, Plant and Equipment
(i) Recognition and measurement
Property, plant and equipment are stated at cost less accumulated

depreciation and any accumulated impairment losses.
Cost includes expenditures that are directly attributable to the acquisition of

the assets and other costs directly attributable to bringing the asset to a
condition that can be used for its intended purpose, and the cost of
dismantling and removing the items and restoring the site on which they are
located. The cost of self-constructed assets includes the cost of materials
and direct labor.
Purchased software that is integral to the functionality of the related

equipment is capitalized as part of that equipment.
When significant parts of an item of property, plant and equipment have

different useful lives, they are accounted for as separate items (major
components) of property, plant and equipment.
The gain or loss on disposal of property, plant and equipment are

determined by comparing the proceeds from disposal with the carrying
amount of property, plant and equipment and net amount recognised in
"other income" or "other expenses" respectively in profit or loss.
(ii) Subsequent costs
The cost of replacing a component of an item of property, plant and

equipment are recognised in the carrying amount of the item if it is probable
that future economic benefits embodied within the part will flow to the
Group or the Corporation and its cost can be measured reliably. The
carrying amount of the replaced part is recognised in profit or loss. The cost
of day-to-day servicing of property, plant and equipment are recognised in
profit or loss as incurred.
23
189

(d) Property, Plant and Equipment (Cont’d)
(iii) Depreciation
Depreciation is based on the cost of an asset less its residual value.

Significant components of individual assets are assessed and if a
component has a useful life that is different from the remainder of that
asset, then that component is depreciated separately.
The annual depreciation rates used are as follows:
%
Building 2 – 10
Leasehold land 99 years
Plant and machinery 10 – 20
Motor vehicles 20
Office equipment 10 – 20
Computers 20 – 50
Furniture and equipment 10 – 33
Profit or loss on disposal is determined by comparing proceeds with

carrying amount of assets and where the difference is stated as profit or
loss from operations.
(e) Intangible assets
(i) Goodwill
Goodwill arise on business combinations and is initially measured at its

cost. After initial recognition, the Group measures the goodwill acquired in a
business combination at cost less accumulated amortisation and
accumulated impairment losses.
Goodwill arises from the acquisition of associates which take into account
the equity method of accounting and jointly controlled entities as part of the
carrying amount of the acquisition date. The Group adjusts its share of
gains and losses from associated entities and joint venture entities after the
acquisition to account for the amortisation of the goodwill.
190

(e) Intangible Assets (Cont’d)
(ii) Other Intangible Assets
Other intangible assets are measured at cost less accumulated

amortisation and accumulated impairment.
An internally generated intangible asset, including research and

development expenditure, is expensed to profit or loss, unless it form part
of the cost of another asset.
(iii) Amortisation
Amortisation is based on the cost of an asset less its residual value.

Amortisation is recognised in profit or loss on a straight-line basis over the
estimated useful lives of intangible assets from the date that they are
available to use. The estimated useful lives for current and comparative
periods are as follows:
• Goodwill 10 years
If there is an indication that there is a change in the residual value or useful

lives of an intangible assets since the last annual reporting date, the Group
will review the previous estimates and, if the estimates are currently
different, the Group will amend the residual value, amortisation method or
useful life.
(f) Investment Property
Investment properties are properties which are owned or held under a leasehold
interest to earn rental income or for capital appreciation or for both, but not for
sale in the ordinary course of business, use in the production or supply of goods
or services or for administrative purposes.
Investment properties are measured initially at cost. Cost includes expenditure

that is directly attributable to the acquisition of the investment property. The cost
of self-constructed investment property includes the cost of materials and direct
labour, any other costs directly attributable to bringing the investment property to
a working condition for their intended use.
The fair value of investment property can not be measured reliably without any
unnecessary cost or effort. Subsequent costs for the entire property investment
have been accounted for in accordance with property, plant and equipment
policies.
191
25

(f) Investment Property (cont’d)
If reliable measure of fair value is not available without undue cost or effort for an
item of investment property, the item is classified as property, plant and
equipment and is measured at cost less accumulated depreciation and
accumulated impairment until a reliable measure of fair value become available.
The carrying amount of property investment on that date becomes its cost.
Fair value lgain or loss arising from the reclassification of property, plant and
equipment to investment property is recognised in profit or loss.
An investment property is derecognised on its disposal, or when it is permanently

withdrawn from use and no future economic benefits are expected from its
disposal. The difference between the net disposal proceeds and the carrying
amount is recognised in profit or loss for the period in which the item is
derecognised.
(g) Inventories
Inventories are measured at the lower cost and estimated selling price less costs
to complete and sales. Inventories consist of houses, shophouses, and
completed buildings, production inventory and general store items.
The cost of inventory is calculated using the average method of scales or on a

specific identification basis.
At each reporting date, the Group assesses whether any inventories are impaired
by comparing the carrying amount of each item of inventory or group of similar
items with its selling price less costs to complete and sell. If an item of inventory
or group of similar items is impaired, the Group reduces the carrying amount of
the inventory or the group of similar items to its selling price less costs to
complete and sell. That reduction is an impairment loss and it is recognised
immediately in profit or loss.
If it is impracticable to determine the selling price less costs to complete and sell
for inventories item by item, items of inventory relating to the same product line
that have similar purposes or end uses and are produced and marketed in the
same geographical area are grouped together for the purpose of assessing
impairment of the inventory.
192
26
Notes
(Incorporated inTo The Financial
4, 1964 Selangor)
(h) Land held for Property Development
Land held for property development consist of land owned for future development
and is stated at purchase cost including all related costs incurred after the
purchase of the activity required to provide the land for the intended use.
Such assets are transferred to the property development project account when
major development work has been carried out and is expected to be completed
within the normal operating cycle.
(i) Property Development Costs
Property development work costs are stated as property development costs in

current assets or current liabilities when major development works have been
implemented and are expected to be completed within the normal operating
cycle. Property development projects include costs associated with the purchase
of land and all costs directly related to development activities or costs that can be
allocated using the method appropriate to this activity.
Development expenditure is the cost of a development project that covers land

costs, building costs, damages to squatters, benefits payments, professional
rewards and other expenses covering progressive activities. Earnings and gains
from property development activities are recognised based on the percentage
rate of completion of the development work on the property units sold. The
expected loss is taken into account when it is identified.
Accrued progress claims are the acquisition of a recognised property progress

project that exceeds claims to buyers whilst the previous advance claim is a claim
to buyers exceeding the acquisition of property development projects recognised
in profit or loss and other comprehensive income.
193
27

(j) Construction Contracts
When the outcome of a contract can be estimated reliably, revenue and costs are
recognised by reference to the stage of completion of the contract activity at the
end of the reporting period, as measured by the propotion that contract costs
incurred for work performed to-date bear to the estimated total contract cost.
Variation in contract work and claims are included to the extent that they have
been agreed with the customer.
When the outcome of a contract can not be estimated reliably, contract revenue is
recognised to the extent it is probable to be available for the cost of the contract
that has been expended. Contract costs are recognised as an expense in the
period in which they are incurred.
When it is expected that the total contract costs will exceed total contract revenue,
the expected loss is recognised as an expense immediately in the statement of
profit and loss and other comprehensive income as a provision for foreseeable
loss.
(k) Amount Due From / To Contract Customer
Amount due from contract customers represents the gross unbilled amount
expected to be collected from customers for contract work performed to date. It is
measured at cost plus profit recognised to date less progress billings and
recognised losses. Cost includes all expenditure related directly to specific
projects and an allocation of fixed and variable overheads incurred in the Group’s
contract activities based on normal operating capacity. If progress billings exceed
costs incurred plus recognised profits, then the difference is presented as amount
due to contract customers which is part of the deferred income in the statement of
financial position.
(l) Cash and Cash Equivalents
Cash and cash equivalents consist of cash on hand, bank balances and bank
deposits and high liquidity investments which have insignificant risk of changes in
fair value and have a maturity period of three months or less, and are used by the
Group and within the Corporation in the managing their financial commitments.
194
28

(m) Impairment of Non-Financial Assets
The carrying amount of non-financial assets (i.e: property, plant and equipment,
investment property and intangible assets) are reviewed at the end of each
reporting period to determine whether there is any indication of impairment. If any
such indication exists, then the asset’s recoverable amount is estimated.
For the purpose of impairment testing, assets are grouped together into the
smallest group of assets that generates cash inflows from continuing use that are
largely independent of cash flows from other assets or cash-generating units. For
the purpose of goodwill impairment testing, the cash-generating units to which
goodwill has been allocated are aggregated so that the level at which the
impairment testing is performed reflects the lowest level at which goodwill is
monitored for internal reporting purposes. The goodwill acquired in a business
combination, for purposes of impairment testing, is allocated to a cash-generating
unit or a group of cash-generating units that are expected to benefit from the
synergies of combination.
The recoverable amount of an asset or cash-generating unit is higher than the

fair value less costs to sell and its value in use. In assessing the value in used,
the estimated future cash flows are discounted to their present value using a pre-
tax discount rate that reflects current market assessments of the time value of
money and the specific risks to the assets or cash-generating unit.
An impairment loss is recognised if the carrying amount of an asset or its related

cash-generating unit exceeds its estimated recoverable amount.
Impairment losses are recognised in the income statement. An impairment losses

recognised in respect of cash-generating units are allocated first to reduce the
carrying amount of any goodwill allocated to the cash-generating unit (group of
cash-generating units) using a pro rata basis.
An impairment loss in respect of goodwill is not reversed. In respect of other

assets, impairment losses recognised in the prior period are assessed at the end
of each reporting period of any indication that the loss has decreased or no
longer exists. An impairment loss is reversed if there havs been a change in the
estimates used to determine the amount due since the last impairment loss was
recognised. An impairment loss is reversed only if the carrying amount of the
asset does not exceed the carrying amount that would have been determined,
net of depreciation or amortisation value, if no impairment loss had been
recognised. Reversals of impairment losses are credited to the current financial
statements for the year in which the reversals are recognised.
195
29

(n) Employee Benefits
(i) Short-term employee benefits
Wages, salaries, bonuses and social security contributions are recognised

as an expense in the year in which the associated services are rendered by
employees of the Group and the Corporation. Short term accumulating
compensated absences such as paid annual leave are recognised when
services rendered by employees will increase the right to compensate for
future absences, and short-term non-accumulating compensated absences
such as sick leave are recognised when the absences occur.
(ii) Defined contribution plans
The Group and the Corporation are legally required to make monthly
contributions to the Employees Provident Fund (EPF), a statutory body that
determines the contribution plan for eligible employees based on employee
salaries. Such contributions are accounted for as expenses in profit or loss
and other comprehensive income when incurred.
(iii) Retirement Benefits
There is a subsidiary that pays the retirement scheme for employees who
have been in the service for 5 years or the death of the employee.
Under this scheme, retirement benefits will also be given to employees who
have served at least 10 years of service on their own retirement date or for
medical reasons.
This retirement benefit is calculated based on current emolument rates of

all eligible employees including their housing allowance and their term of
service up to the extent of the contractual liability of subsidiaries at the end
of the year. Full provision is made for all employees.
(o) Provision
A provision is made when the Group or the Corporation represents legally binding
obligations and is based on past transactions, which enables the outflow of
resources to be required to settle the obligation, and when reasonable estimates
of the amount can be made.
196

(p) Deferred Expenses
Deferred expenses, which have economic benefits, are stated at cost less
amortisation. Deferred expenses of the Group comprise: -
(i) Excretion site
Expenses incurred on the site are amortised based on the usage of the excretion
site.
(ii) Excretion gas site
Expenses incurred in the excretion site gas project are amortised over the
contract period of 4 years to supply excretion gas site.
(q) Property Leases
Property acquired under finance lease is defined as a transfer of risk and return
on leased property ownership to the Group or the Corporation. Leased assets
are capitalised at a value equal to the principal amount of the lease to be paid.
Lease interest is included in the statement of comprehensive income based on
the life of the lease.
(r) Revenue
Revenue for the Group comprises sale of houses, shops, factories, apartments,
flats and land, rental property, a certified value of construction contracts and
property development gains and income from hotel operations and privatisation
ventures as well as the invoice's aggregate value of the goods sold.
Revenue of the Corporation include the sale of houses, shops, factories,

apartments, flats and land, rental property, certified value of construction
contracts and real estate development projects and privatisation ventures.
(s) Income Recognised
Income from housing projects and long-term construction contracts and land
sales accounted for by the percentage of completion method by stages and the
method of full work completion, where appropriate.
Income from goods sold is accounted for based on the value of the invoice after
discounts.
Dividend and interest income on investments is accounted for as income when

received.
Rental income is accounted for on an accrual method.
197
31

(t) Provision for Closure and Post Closure Costs
Closure and post closure costs consist of estimated costs to be incurred by the
Group on the filling of the excretion site. Provision for closure and post closure
costs are accrued based on a systematic method over the period expected to
complete an excretion site.
(u) Government Grants
Grants received from the government to finance the cost of property, plant and
equipment is matched to the carrying amount of property, plant and equipment
when the grant was used. The grants are then amortised to the Statement of
comprehensive income over the life of these assets, equal to the ratio of
depreciation charged on the assets.
(v) Borrowing Costs
Borrowing costs are recognised as an expense in the statement of profit or loss

at cost incurred using the effective interest method.
(w) Income Tax
Income tax expense comprises current and deferred tax. Current tax and deferred
tax are recognised in profit or loss except to the extent that such taxes relate to
business combinations or items recognised directly in equity or other
comprehensive income.
Current tax is the expected tax payable or receivable on the taxable income or
loss for the year, using tax rates enacted or substantively enacted by the end of
the reporting period, and any adjustment to tax payable in respect of previous
financial years.
Deferred tax is recognised using the liability method, providing for temporary
differences between the carrying amounts of assets and liabilities in the statement
of financial position and their tax bases. Deferred tax is not recognised for the
following temporary differences: the initial recognition of goodwill, the initial
recognition of assets or liabilities in a transaction that is not a business
combination and that affects neither accounting nor taxable profit nor loss.
Deferred tax is measured at the tax rates that are expected to be applied to the
temporary differences when they reverse, based on the laws that have been
enacted or substantively enacted by the end of the reporting period.
198
32

(w) Income Tax (cont’d)
Where investment properties are carried at their fair value in accordance with the
accounting policy set out in Note 2 (f), the amount of deferred tax recognised is
measured using the tax rates that would apply on sale of those assets at their
carrying value at the reporting date unless the property is depreciable and is held
with the objective to consume substantially all of the economic benefits embodied
in the property over time, rather than through sale. In all other cases, the amount
of deferred tax recognised is measured based on the expected manner of
realisation or settlement of the carrying amount of the assets and liabilities, using
tax rates enacted or substantively enacted at the reporting date. Deferred tax
assets and liabilities are not discounted.
Deferred tax assets and liabilities are offset if, and only if there is a legally
enforceable right to offset current tax liabilities and assets, and they relate to
income taxes levied by the same tax authority on the same taxable entity, or on
different tax entities, but they plan to settle current tax assets and liabilities on a
net basis or their tax assets and liabilities will be realised simultaneously.
A deferred tax asset is recognised to the extent that it is probable that future
taxable profits will be available against which the temporary difference can be
utilised. Deferred tax assets are reviewed at the end of each reporting period and
are reduced to the extent that it is no longer probable that the related tax benefit
will be realised.
(x) Discontinued Operation
A discontinued operation is a component of the Group that has been disposed of

or is held for sale represents a separate major line of business or geographical
area of operations or is a subsidiary acquired exclusively with the purpose of
resale. When operations are classified as discontinued operation, the comparative
statements of profit and loss and other comprehensive income is re-presented as
if the operation had been discontinued from the beginning of the comparative
period.
199
Notes
4, 1964 Selangor)
(y) Contingency
(i) Contigent Liability
If there is a probability that an outflow of economic benefits will not be

required or the amount can not be estimated, the obligation is not
recognised in the statement of financial position and is expressed as an
unexpected liability, unless the probability of an outflow of economic
benefits is thin. The possibility that bonds can only be recognised in the
event of or not occurring one or more future events are also disclosed as
a contingent liability unless the economic outflow of benefits is inferior.
(ii) Contigent Assets
Where there is a probability of an inflow of economic benefits or an

amount can not be estimated, the asset is not recognised in the
statement of financial position and is disclosed as a contingent asset,
unless the probability of inflows of economic benefits is thin. The
possibility of qualification exists only if it occurs or does not occur one or
more future events, it is also disclosed as a contingent asset unless the
probability of inflows of economic benefits is thin.
(z) Related Parties
A party is related to Group and the Corporation are:-
(a) A person or a close member of that person’s family is a related to

Group and the Corporation if that person:
i. has control or joint control over the Group and the

Corporation;
ii. has significant influence over the Group and the
Corporation;
iii. is a member of the key management personnel.
The close family members are members of the Group's family and the
Corporation who influence, or are influenced in business.
200
34
Notes
SELANGOR STATETo The Financial
DEVELOPMENT CORPORATION Statements
(PKNS)
(z) Related Parties (cont’d)
(b) An entity is related to a Group and the Corporation if any of the following
conditions applies:-
i. The entity and the Group and the Corporation are the members of the
same group (which means that each parent, subsidiary and fellow
subsidiary is related to the others).
ii. One entity is an associates or joint venture of the other entity (or an
associate or joint venture of the member of a group of which the other
entity is a member).
iii. Both entities are joint ventures of the same third party.
iv. One entity is a joint ventures of a third party and the other entity is an
associates of the third party.
v. The entity is a post-employment benefit plan for the benefit of employees
of either the entity are the Group and the Corporation or an entity related
to the Group and the Corporation. If the reporting entity is itself such a
plan, the sponsoring employers are also related to the Group and the
Corporation.
vi. The entity is controlled or jointly controlled by a person identified in (a)
above.
vii. A person identified in (a) (i) above has significant influence over the
Group and the Corporation or is a member of the key management
personnel of the Group and the Corporation.
viii. The entity, or any member of a Company of which it is a part, provides
key management personnel services to the Group and the Corporation.
Related parties also include key management personnel defined as those

persons having authority and responsibility for planning, directing and controlling
the activities of the Group and the Corporation either directly or indirectly,
including any director.
201
35

3. REVENUE
Group Corporation
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Property development projects 370,522 380,141 194,437 125,335

Construction contracts 7,530 3,534 - -
Hotel operations 19,809 19,077 - -
Privatisation projects 27,474 111,133 27,474 111,133
Sale of construction material 50,939 48,644 - -
Others 525,020 359,729 246,774 161,085
1,001,294 922,258 468,685 397,553
4. PROFIT BEFORE TAXATION AND ZAKAT
Profit before tax and zakat recognised after charging / (crediting): -
Group Corporation
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Housing discount 13,402 8,352 13,402 8,352

Auditor’s remuneration:
Current year 817 847 104 124
Directors’ remuneration:
Other remuneration 440 274 - -
Fee and bonus 3,802 3,952 1,005 997
Staff costs:
Salaries, wages and bonus 120,346 128,993 57,713 69,083
EPF 20,690 13,042 13,847 6,043
Other employee benefits 28,030 33,540 23,479 26,198
169,066 175,575 95,039 101,324
Finance costs comprises
interests/charges on:
Terms loans 18,230 12,349 - -
Overdraft 30 495 - -
Hire purchase and lease 136 164 - -
Bank acceptance 305 272 - -
Redeemable preferred shares 2,011 4,257 - -
Others 63,511 55,799 62,035 55,005
84,223 73,336 62,035 55,005
36
202
Notes
(Incorporated To The underFinancial Statements
in Malaysia Enactment 4, 1964 Selangor)
4. PROFIT BEFORE TAXATION AND ZAKAT (CONT’D)
Profit before tax and zakat recognised after charging / (crediting): -
Group Corporation
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Cost of repairing home 13,433 10,329 13,433 10,329
Rental:
Machinery 5,227 3,129 - -
Others 3,352 13,337 - 9,864
(Reversal) / Provision for
impairment of property
(3,302) -
development cost 815 -
Gain on disposal property, plant
and equipment (416) (10,230) - -
Provision for doubtful debts 13,640 4,410 9,610 5,283
Provision for impairment of
other investments 147 3 147 -
and equipment 38,433 24,445 6,916 6,673
Depreciation of investment
property 5,438 5,455 5,211 5,203
Liquidated ascertained
damages (LAD) 10,889 6,066 1,411 6,066
Provision for retirement benefit 1,852 549 627 288
Amortisation of intangible assets - 4 - -
Amortisation of investment
property 343 130 - -
Rental income (14,511) (14,800) (12,684) (12,289)
Dividend income (11,367) (5,229) (59,274) (129,316)
Interest income (19,145) (20,518) (9,314) (6,305)
The staff costs of the Group and the Corporation comprises salaries, bonuses,
retirement benefits, contributions to EPF and other related expenses.
37
203
Notes To The underFinancial

(Incorporated in Malaysia Statements
Enactment 4, 1964 Selangor)
5. NET INCOME FROM OTHER INVESTMENTS
Group Corporation
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Interests on fixed deposits 19,145 20,518 9,314 6,305

Gross dividends from:
Associate companies - - 38,075 116,052
Subsidiary companies - - 16,713 9,312
Quoted shares in
Malaysia 4,489 3,565 3,974 3,466
Unquoted shares in
Malaysia 1,730 1,664 512 486
Others 5,148 -
11,367 5,229 59,274 129,316
Gain on sale of subsidiary
company 40,833 - - -
71,345 25,747 68,588 135,621
6. TAXATION
Group Corporation
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Corporation and
subsidiaries:
Malaysian taxation:
Current year 53,364 51,793 23,659 17,317
Over provision in prior year (48,035) (5,778) (48,574) (7,053)
Deferred tax:
Current year (1,682) (3,573) (15,475) 3,989
(Over) / Under provision in
prior year 487 (2,898) - -
4,134 39,544 (40,390) 14,253
Income tax is calculated at defined statutory rate of 24% (2017: 24%) on taxable income
estimated for the financial year.
204
38


6. TAXATION (CONT’D)
A reconciliation of income tax expense applicable to profit before tax and zakat at the
statutory income tax rate over the income tax expense at the effective income tax rate
for the Group and the Corporation are as follows: -
Group Corporation
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Profit before taxation and

zakat 340,624 136,602 111,036 115,959
Tax rate at 24% (2017: 24%)

on taxable income 81,751 32,785 26,649 27,830
Expenses not deductible for
tax purpose 57,119 63,806 13,471 20,523
Income not subject to tax (64,633) (44,909) (16,461) (31,036)
Tax losses recognised in
current year (479) (192) - -
Deffered tax on temporary
differences not recognised (13,754) 5,782 (15,475) 3,989
Share of result of associate
companies (8,458) (9,052) - -
Over Provision in prior year (48,035) (5,778) (48,574) (7,053)
(Over) / Under Provision of
deferred taxation in respect
of prior years 623 (2,898) - -
Total tax expenses in
current year 4,134 39,544 (40,390) 14,253
205
39
7. PROPERTY, PLANT AND EQUIPMENT
Office fixtures,
Freehold Leasehold Plant and Motor furniture and Work in
Group land land Building machinery vehicles equipment Landfill progress Total
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
Carrying amount
At 1 January 2018 7,096 3,783 255,732 20,573 6,418 29,704 28,081 6,322 357,709
Additional 10 - 14,627 6,635 1,488 12,420 18,836 9,400 63,416
206
Sale - - - (493) - - - - (493)
Disposal - - - - (282) (134) - - (416)
Reclassification - - - - - 225 - (225) -
Adjustment - - - - - - (10) - (10)
Written-off - - - - - (50) - - (50)
Transfer to investment
property - - (2,588) 461 - - - (461) (2,588)
Transfer from property
development cost - - - - - - - 256,898 256,898
Current year depreciation (401) - (5,713) (3,305) (1,772) (6,975) (20,267) - (38,433)
Current year impairment - - - 4,700 - - - - 4,700
At 31 December 2018 6,705 3,783 262,058 28,571 5,852 35,190 26,640 271,934 640,733
At 31 December 2018
Cost 7,811 3,783 281,238 109,685 18,016 125,950 161,505 271,934 979,922
Accumulated
depreciation (1,106) - (17,686) (41,638) (11,904) (90,760) (134,865) - (297,959)
Accumulated impairment - - (1,494) (39,476) (260) - - - (41,230)
Carrying amount 6,705 3,783 262,058 28,571 5,852 35,190 26,640 271,934 640,733
40
Laporan Tahunan

2018 Annual Report
7. PROPERTY, PLANT AND EQUIPMENT (CONT’D)
Office fixtures,
Freehold Leasehold Plant and Motor furniture and Work in
Group land land Building machinery vehicles equipment Landfill progress Total
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
Carrying amount
At 1 January 2017 7,458 3,783 212,247 21,766 5,545 22,741 18,505 2,450 294,495
Additional 193 - 58,821 1,910 3,253 13,291 16,193 6,226 99,887
Sale - - (1,803) - - - - 225 (1,578)
207
Disposal (283) - (8,900) 23 (4) (1,072) - - (10,236)
Reclassification - - - 38 - 67 - (166) (61)
Adjustment - - (4) - - - - - (4)
Written-off - - - - - (89) - - (89)
Transfer - - - - - 2,413 - (2,413) -
Current year depreciation (272) - (4,629) (3,164) (2,116) (7,647) (6,617) - (24,445)
Current year impairment - - - - (260) - - - (260)
At 31 December 2017 7,096 3,783 255,732 20,573 6,418 29,704 28,081 6,322 357,709
At 31 December 2017
Cost 7,801 3,783 279,044 105,065 17,872 114,201 142,679 6,322 676,767
Accumulated
depreciation (705) - (21,818) (39,457) (11,194) (84,497) (114,598) - (272,269)
Accumulated impairment - - (1,494) (45,035) (260) - - - (46,789)
Carrying amount 7,096 3,783 255,732 20,573 6,418 29,704 28,081 6,322 357,709
41
Office fixtures,
Land and Plant and Motor furniture and
Corporation Building machinery vehicles equipment Total
RM’000 RM’000 RM’000 RM’000 RM’000
Carrying amount
At 1 January 2018 186,902 1,851 4,404 2,459 195,616
Additional 8,184 - 137 1,370 9,691
Sale - (493) - - (493)
208
Current year depreciation (3,822) (690) (1,205) (1,199) (6,916)
At 31 December 2018 191,264 668 3,336 2,630 197,898
At 31 December 2018
Cost 199,684 5,209 9,393 36,941 251,227
Accumulated impairment (496) - - - (496)
Accumulated depreciation (7,924) (4,541) (6,057) (34,311) (52,833)
Carrying amount 191,264 668 3,336 2,630 197,898
42
Laporan Tahunan
SELANGOR STATE DEVELOPMENT

Statement CORPORATION
of Changes in(PKNS)
Equity
2018 Annual Report

Office fixtures,
Land and Plant and Motor furniture and
Corporation Building machinery vehicles equipment Total
RM’000 RM’000 RM’000 RM’000 RM’000
Carrying amount
At 1 January 2017 174,963 2,569 3,236 2,070 182,838
Additional 17,296 - 2,286 1,676 21,258
209
Sale (1,803) - - - (1,803)
Adjustment (4) - - - (4)
Current year depreciation (3,550) (718) (1,118) (1,287) (6,673)
At 31 December 2017 186,902 1,851 4,404 2,459 195,616
At 31 December 2017
Cost 191,500 7,228 9,697 35,680 244,105
Accumulated impairment (496) - - - (496)
Accumulated depreciation (4,102) (5,377) (5,293) (33,221) (47,993)
Carrying amount 186,902 1,851 4,404 2,459 195,616
Notes
8. INVESTMENT IN SUBSIDIARY COMPANIES
Corporation
2018 2017
RM’000 RM’000
Unquoted ordinary shares at cost 771,381 744,365
Unquoted preferred shares at cost 941,900 829,000
1,713,281 1,573,365
Unquoted preferred shares are consists of redeemable preferred shares of Selgate

Corporation Sdn Bhd, De Palma Management Services Sdn Bhd, Selaman Sdn Bhd,
SACC Convec Sdn Bhd, PKNS Real Estate Sdn Bhd and Datumcorp International Sdn
Bhd.
210
44
Notes To The underFinancial Statements

(Incorporated in Malaysia Enactment 4, 1964 Selangor)
8. INVESTMENT IN SUBSIDIARY COMPANIES (CONT’D)
The subsidiaries which are all incorporated in Malaysia are as follows: -
Company Name Principal Activity Equity Holdings

2018 2017
% %
1. De Palma Management Hotel management 100 100

Services Sdn. Bhd. and its
subsidiary:
i) DPMS Hospitality Sdn Dormant 100 -

Bhd
2. Worldwide Holdings Berhad Property and investment 100 100

and its subsidiaries: holdings
i) WGD Development Sdn. Property development 100 100

Bhd.
(formerly known as
Worldwide Glomac Sdn
Bhd)
ii) Perangsang Emperee Dormant 61 61

Wood Industries Sdn
Bhd
iii) Worldwide Landfills Sdn. Environmental 60 60

Bhd. and its management services
subsidiaries:
 WL Environmental Environmental 42 42
Sdn. Bhd. management services
 Worldwide Hydro Dormant 60 60
Energy Sdn Bhd
(formerly known as
Deltaworks Sdn. Bhd.)
 Worldwide Ecoventure Dormant 42 42
Sdn. Bhd.
 Jana Landfill Sdn Bhd Biomass power generation 48 48
iv) Worldwide Land Property development 100 100

Development Sdn.Bhd.
v) Worldwide Medivest Manufacture and trading 100 100

Sdn.Bhd. surgical sutures
211
45
Notes
4, 1964 Selangor)

2018 2017
% %
2. Worldwide Holdings Berhad
(cont’d)
vi) Emerald Crest Sdn. Bhd. Investment holdings 100 100
vii) Worldwide Property Property development 100 100

Management Sdn. Bhd.
viii) Worldwide Realty Sdn. Dormant 100 100

Bhd. (formerly known as
IMT Teleport Sdn. Bhd.)
ix) Cekal Unggul Sdn. Bhd. Property development 70 70
x) Woldwide Green Energy Dormant 100 100

Sdn Bhd
xi) Worldwide Environment Dormant 100 100

Sdn. Bhd and its
subsidiaries:
 Worldwide Waste Trading of environmental 60 60

Solutions Sdn. Bhd. management equipment
 Panorama Worldwide Environmental management 100 100
Sdn. Bhd. services
3. Selgate Corporation Sdn. Bhd. Investment holdings 100 100

and its subsidiaries:
i) Real Plug & Play Sdn. Bhd. Dormant 100 100
ii) PKNS Andaman Development Property development 70 70

Sdn Bhd
iii) Selgate Properties Sdn. Bhd.

Dormant 100 100
212
46
Notes To The underFinancial Statements


2018 2017
% %
3. Selgate Corporation Sdn. Bhd.
(cont’d.)
iv) Selgate Healthcare Sdn Bhd Consulting services 100 100

 Selcare management Sdn Healthcare management 100 100

Bhd
 Selcare Clinic Sdn Bhd Provider of medical clinic, 70 70

(formerly known as Sri Permai physician consultants and
Medic Sdn Bhd) related medical services
 Selgate Rawang Hospital Sdn. Dormant 60 60

Bhd.
 Selgate Shah Alam Hospital Dormant 100 100

Sdn. Bhd.
 Selgate Setia Alam Hospital Dormant 100 100

Sdn. Bhd.
 Selgate Gombak Hospital Sdn. Dormant 100 100

Bhd.
 Selgate Bukit Beruntung Dormant 100 100

Hospital Sdn. Bhd.
 Selgate Bangi Hospital Sdn. Dormant 100 100

Bhd.
 Selgate Kota Damansara Dormant 100 100

Hospital Sdn. Bhd.
 Selgate Subang Jaya Hospital Dormant 100 100

Sdn. Bhd.
 Selgate Kuala Selangor Dormant 100 100

Hospital Sdn. Bhd.
 Selgate Cyber Valley Hospital Dormant 100 100

Sdn. Bhd.
213
47



2018 2017
% %
4. PKNS Engineering and Construction of 100 100

Construction Berhad and its conventional and
subsidiaries: prefabricated buildings
i) Millennium Joy Corporation Dormant 100 100

Sdn. Bhd.
ii) VE Intellitech Sdn. Bhd. Consultancy service 51 51
iii) PB Piling Sdn. Bhd. Construction works 51 51
iv) Apex Point Development Sdn Real property and 100 100
Bhd housing development
5. Selangor Industrial Corporation Involved in construction 100 100

Berhad and its subsidiaries: products, insurance,
construction and project
management services
and property
development
i) Module Board Sdn. Bhd. Construction and project 100 100

management
ii) Casic Marketing Sdn. Bhd. 51 51
Trading in ceramic tiles
iii) Transpark System Sdn. Bhd. 51 51
Car park management
services
iv) Selmedia Sdn. Bhd. 100 100
Dormant
v) Electro Symphony Sdn. Bhd. 50 50
Dormant
6. PI Brilliant Berhad (formerly Infrastructure works and 91 90.73

known as PKNS Infra Berhad) landscape engineering
i) Excelon Sdn. Bhd. Construction and 100 100

provision of
landscaping,
maintenance and
facilities management
48214



2018 2017
% %
7. Selaman Sdn.Bhd and its Investment property 60 60

subsidiaries:
i) Halik Sdn. Bhd. Investment in real - 100

property
ii) Selaman Sejati Sdn. Bhd. Property development 100 100
8. Kelana Property Development Property developer 51 51

Sdn. Bhd.
9. SACC Convec Sdn Bhd Convention centre 100 100

management services
10. Akademi PKNS Sdn. Bhd. Skills training centre 100 100
11. Datumcorp International Property developer 100 100

Sdn Bhd and its subsidiary:
i) Datum Jelatek Mall Sdn Bhd Dormant 100 100
12. PKNS Real Estate Sdn. Bhd. Property management 100 100
and its subsidiaries: and investment
i) Central Holdings Berhad Leasing and property 100 100

investment
ii) Park Here Sdn. Bhd. Car park operator, car park 100 100
management and consutant
215
49

9. INVESTMENT IN ASSOCIATED COMPANIES
Group Corporation
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Unquoted shares at cost 275,932 266,027 174,676 164,499

Outstanding interest-free
receivable from associates 14,795 14,795 14,795 14,795
Provision for diminution in value of
investment (23,833) (21,105) (21,105) (21,105)
266,894 259,717 168,366 158,189
Share of retained profits in

associate companies 462,667 401,706 - -
729,561 661,423 168,366 158,189
On 31 December 2018, the carrying value of investments in associate companies comprise

of: -
Group
2018 2017
RM’000 RM’000
Share of net tangible assets in associate companies 705,990 637,852

Goodwill 23,571 23,571
729,561 661,423
Details of associate of which all are incorporated in Malaysia, except for Eastern Glory
Enterprise Ltd, which is incorporated in British Virgin Island, is as follows:

2018 2017
% %
1. Kundang Properties Sdn. Bhd. Housing developer 50 50
2. Ligamas Sdn. Bhd. Estate owners and 50 50

property developers
3. PKNS-LFD Sdn. Bhd. Investment Holdings 49 49
4. Bangi Resort & Development Property Developer and 40 40

Corporation Sdn. Bhd. Investment Holdings
5. Sunway PKNS Sdn. Bhd. Property Developer and 40 40

Investment Holdings
6. Eastern Glory Enterprise Ltd * Investment Holdings 40 40
50
216
Notes
9. INVESTMENT IN ASSOCIATED COMPANIES (CONT’D)

2018 2017
% %
7. Selangor Polo Sdn. Bhd. Property Developer and 40 40

management of polo and
equestrian clubs
8. Tropicana Indah Sdn. Bhd. Property Developer 30 30
9. Kesas Holdings Berhad Development and 30 30

maintenance of
highway toll operations
10. GLM Emerald (Sepang) Sdn. Property developer, 30 30

Bhd. (formerly known as management of oil palm
Vintage Heights Sdn. Bhd.) plantations and palm oil
processing
11. MUST Ehsan Development Property Developer 30 30

Sdn. Bhd.
12. Pelangi Airways Sdn. Bhd. Dormant 20.44 20.44
13. Selangor Shipyard Sdn. Bhd. Wharves management and 20 20

ship repair
14. Selangor Country Club Sdn Management of Polo Club 40 40

Bhd.
15. Kuala Langat Power Plant Sdn Power generation 25 25

Bhd*
16. Gombak Medical Centre Sdn Medical specialist 30 30

Bhd**
17. Al-Khauthar Resources Sdn Supply haj and umrah 20 20

Bhd equipment
18. Icon-Futurehome Sdn. Bhd. Supply products and 20 20

services
19. Mutawwif Training & Academy Training and consultancy 20 -

Sdn bhd services
20. HCK Bestari Sdn Bhd Dormant 30 -
217
51
Notes To The under Financial

9. INVESTMENT IN ASSOCIATED COMPANIES (CONT’D)
* Equity holdings of the Group through its subsidiary, Worldwide Holdings Berhad.
** Equity holdings of the Group through its subsidiary, Selgate Corporation Sdn. Bhd.
*** Equity holdings of the Group through its subsidiary, Datumcorp International Sdn. Bhd.
10. OTHER INVESTMENTS
Group Corporation
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Quoted shares 82,036 96,931 79,374 91,275
30,456 5,428
Unquoted shares 5,428 5,428
Disposal - (3,206) - -
Provision for diminution in
value of investment (4,188) (4,044) (4,188) (4,041)
1,240 23,206 1,240 1,387
Unit trust 110,747 216,967 35,276 158,770
Golf membership 81 81 - -
194,104 337,185 115,890 251,432
11. GOODWILL ON CONSOLIDATION
Goodwill arising on consolidation of subsidiary companies which represent the difference

between investment cost and the fair value of net assets acquired after deducting
accumulated amortisation
Group
2018 2017
RM’000 RM’000
At 1 January
Gross value 95,857 94,068
Amortisation and accumulated impairment (86,708) (86,326)
Net value 9,149 7,742
Amortisation during the year (30,129) (382)
218
52
Notes
SELANGOR STATE To DEVELOPMENT
The Financial CORPORATION Statements
(PKNS)
11. GOODWILL ON CONSOLIDATION (CONT’D)
Group
2018 2017
RM’000 RM’000
At 31 December
Gross value 124,868 95,857
Amortisation and accumulated impairment (116,837) (86,708)
Net value 8,031 9,149
12. INVESTMENT PROPERTIES
Group Corporation
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
At Cost:
At 1 January 1,057,099 985,871 304,497 302,578
Additional during the year 72,995 48,207 747 3,145
Sale (8,442) (4,573) (8,442) (4,573)
Depreciation of sale 2,796 1,571 2,796 1,571
Adjustment - 805 - -
Change in fair value recognised in
statement of comprehensive
income 88,829 538 - -
Transfer from property, plant
and equipment (Note 7) 2,772 - - -
Transfer from inventories 1,682 - 1,682 -
Transfer from property development
costs (Note15) 13,835 24,680 13,835 1,776
1,231,566 1,057,099 315,115 304,497
Accumulated Amortisation:
At 1 January (81,095) (74,681) (77,532) (72,305)
Amortisation during the year (343) (130) - -
Depreciation during the year (5,438) (5,455) (5,211) (5,203)
Adjustment (61) (829) (61) (24)
and equipment (Note 7) (184) - - -
At 31 December (87,121) (81,095) (82,804) (77,532)
Book value
At 31 December 1,144,445 976,004 232,311 226,965
219
53
Notes
(Incorporated To The underFinancial
in Malaysia Statements
12. INVESTMENT PROPERTIES (CONT’D)
Property Investment is stated at cost. The fair value can not be measured reliably
without undue cost or effort as the cost of determining fair value exceeds the benefits
thereof.
13. LAND HELD FOR PROPERTY DEVELOPMENT
Group Corporation
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Cost
At 1 January 777,368 739,293 451,472 494,145
Additional during the year 120,756 140,676 15,873 1,151
Disposal (12,488) (30,727) - (20,611)
Transfer to property
development costs
(Note15) 9,257 (35,953) - (23,213)
Accumulated impairment (22,833) (35,921) - -
At 31 December 872,060 777,368 467,345 451,472
Land held for property development includes land held for future development and
stated at purchase cost includes all related costs incurred after the acquisition of
necessary activities to prepare the land for the proposed use.
14. INVENTORIES
Group Corporation
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Stated at costs:
Completed buildings 291,770 317,148 155,734 165,018
Surrendered houses 38,615 63,560 38,615 48,181
Surrendered land 35,348 35,867 35,348 35,867
Production inventories 1,263 1,381 - -
Store item 280 299 280 299
367,276 418,255 229,977 249,365
220
54

15. PROPERTY DEVELOPMENT COSTS
Group Corporation
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Land costs
At 1 January 2,099,096 2,066,542 1,910,441 1,879,490
and equipment (Note 7) (31,758) -
Transfer from land held for
property development -
(Note 13) - 100 -
At 31 December 2,093,098 2,099,096 1,936,201 1,910,441
Development Cost
At 1 January 7,504,124 6,981,544 6,739,920 6,120,143
Transfer from land held for
property development -
(Note 13) (9,257) 35,853 23,213
Transfer to receivable
(Note 17) (21,017) - (21,017) -
Transfer to Investment
property (Note 12) (13,835) (1,776) (13,835) (1,776)
Transfer to property, plant
and equipment (Note 7) (225,140) - - -
At 31 December 7,714,813 7,504,124 7,080,202 6,739,920
Cost recognised as
expenses in income
statement
At beginning of the year (5,880,028) (5,602,826) (5,506,057) (5,328,317)
Recognised during the (179,107) (305,024) (142,438) (200,634)
financial year
Adjustment/ (Provision) for
losses 709 22,894 (85) 22,894
Reversal of completed
projects 542 4,928 - -
(6,057,884) (5,880,028) (5,648,580) (5,506,057)
Reversal of completed
projects (542) (4,928) - -
Transfer to inventories (1,389) (2,342)
(Note14) (29,856) -
Transfer to investment
property (Note 12) - (22,904) - -
Impairment 3,302 (815) - -
3,751,398 3,664,689 3,365,481 3,144,304
55 221
Notes
(Incorporated in To The Financial
4, 1964 Selangor)
15. PROPERTY DEVELOPMENT COSTS (CONT’D)
Included in the respective development costs of the Group are accumulated interest
capitalised of RM 12,057,683 (2017: RM 9,464,843) respectively.
16. AMOUNT DUE FROM / (TO) CONTRACT CUSTOMER
Contracted works performed are as follows: -
Group
2018 2017
RM’000 RM’000
Contract cost 2,301,565 2,225,411

Attributable profits 30,218 39,558
Provision for foreseeable loss (5,186) (5,186)
2,326,597 2,259,783
Progress billings (2,299,100) (2,237,355)
27,497 22,428
Amount due from contract customer 217,984 266,803

Amount due to contract customer (190,487) (244,375)
27,497 22,428
17. TRADE RECEIVABLES
Group Corporation
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Non-current
Trade receivables 6,581 - - -
Provision for doubtful debts (4,121) - - -
2,460 - - -
Current
Trade receivables 451,619 531,794 255,962 294,244
Provision for doubtful debts (78,699) (70,810) (56,727) (49,571)
372,920 460,984 199,235 244,673
The average credit terms granted by the Group and Corporation generally ranges from
30-60 days (2017 : 30-60 days) and 30 days (2017 : 30 days).
56
222


18. OTHER RECEIVABLES, DEPOSIT AND PREPAYMENTS
Group Corporation
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Other receivables 126,572 120,046 21,799 21,252

Provision for doubtful debts (9,680) (8,050) (7,199) (4,745)
116,892 111,996 14,600 16,507
Refundable deposits 18,530 13,315 - -
Prepayments 2,332 1,043 - -
137,754 126,354 14,600 16,507
Amount due from

subsidiary companies - - 38,923 19,894
Amount due from

associate companies 20,743 19,432 20,743 19,432
Provision for doubtful debts (692) (692) (692) (692)
20,051 18,740 20,051 18,740
157,805 145,094 73,574 55,141
Amount due from subsidiaries and associate companies arising from transactions and
prepayments. The receivables is unsecured and interest free and has no conditions of
fixed repayment.
19. PORTFOLIO INVESTMENT
Group Corporation
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
At cost:
Quoted shares 19,190 22,471 16,098 15,719
(Provision) / Reversal for
diminution in value (759) (110) (759) 3,078
18,431 22,361 15,339 18,797
Market value:
Quoted shares 18,431 3,564 15,339 -
The carrying amount of investments for the Group and the Corporation is at fair value on
balance sheet date.
57
223

20. FIXED DEPOSITS
Group Corporation
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Licensed banks 342,134 304,645 5,668 5,501

Licensed financial institutions 10,552 8,607 - -
352,686 313,252 5,668 5,501
The fixed deposits of the Group amounting RM6,193,784 (2017 : RM19,463) are
pledged to banks as credit facilities granted to subsidiary companies.
The interest rates charged on fixed deposits from the financial institutions in the current
financial year are range from 2.00% to 4.45% (2017: 2.00% to 3.65%) per annum with a
maturity of 4 days (2017: 3 days).
21. ASSET PROTECTION RESERVES
Asset protection reserves are established as an insurance fund for the purpose of
defraying losses and damage caused by natural disaster or fire that could affect unsold
stock and rental stock.
Group and
Corporation
2018 2017
RM’000 RM’000
At 1 January 25,243 24,465

Additional during the year (2,191) 778
At 31 December 23,052 25,243
224
58
Notes
22. FINANCE LEASE PAYABLE
Group
2018 2017
RM’000 RM’000
Due within period:

Less than one year 2,258 841
More than one year and less than 5 years 3,611 2,087
5,869 2,928
Less: Future finance charges (342) (241)
Present value of finance lease payables 5,527 2,687
Finance lease payable will be paid as follows:
Group
2018 2017
RM’000 RM’000
Due within period:

Less than one year 2,209 804
More than one year and less than 5 years 3,318 1,883
5,527 2,687
The interest rate charged on hire purchase and leasing of the Group is an average
between 1.65% - 8.00% (2017: 2.40% - 4.87%) per annum.
225
59

23. TERM LOAN
Group Corporation
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Short term
Secured
Repayable in 12 months 18,951 13,845 - -
Unsecured
Repayable in 12 months 8,753 3,200 3,200 3,200
Total 27,704 17,045 3,200 3,200
Long term
Secured
Loan from Financial
institutions 1,575,426 1,505,596 1,303,988 1,205,885
Unsecured
Loan from State
Government 68,800 84,800 68,800 84,800
Total 1,644,226 1,590,396 1,372,788 1,290,685
226
60

23. TERM LOAN (CONT’D)
Long term portion to be paid are as follows:
Group Corporation
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Within the period:
Two to five years 1,568,461 1,498,849 1,303,988 1,205,885
More than five years 75,765 91,547 68,800 84,800
1,644,226 1,590,396 1,372,788 1,290,685
The annual interest rate charged on these loans are as follows:
(i) State Government : 0% - 4.00% (2017 : 0% - 4.00%)

(ii) Financial institution : 4.43% - 5.17% (2017 : 1.50% - 8.25%)
Secured loan obtained from one of PKNS subsidiaries is secured by fixed charge and
floating asset and debenture of the said subsidiaries.
The Corporation has successfully made the first issuance of Islamic medium-term
notes amounting to RM1.3 billion, which is the latest part of the 20-year programme of
Islamic medium-term notes ("IMTN’s Programme"). IMTN’s Programme, along with
another 7-year Islamic commercial papers programme amounting to RM300 million
("ICP Programme") is subject to the limit with up to RM1.7 billion (collectively referred
to as "Sukuk Murabahah Programme").
The Sukuk Murabahah Programme will provide convenience and flexibility for PKNS to
issue sukuk in various periods up to 20 years, depending on the on-going needs to
fund the working capital requirements of Shariah-compliant, and / or general
investment needs at competitive costs, based on strong credit rating the Corporation's.
In the current year, PKNS has issued a Sukuk of RM100.0 million.
227
61
Notes
4, 1964 Selangor)
24. PROVISION FOR CLOSURE AND POST CLOSURE COSTS
Group
2018 2017
RM’000 RM’000
At 1 January 53,908 50,151

Provision during the year 11,920 4,698
Utilisation during the year (2,771) (941)
Written back during the year (4,688) -
At 31 December 58,369 53,908
25. RETIREMENT BENEFITS
Group Corporation
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
At 1 January 8,493 8,230 3,779 3,491

Additional during the year 1,852 671 627 410
10,345 8,901 4,406 3,901
Payments (927) (408) (738) (122)
At 31 December 9,418 8,493 3,668 3,779
There are subsidiary companies that provide retirement benefits based on eligible
employees' salary and years of service until 31 December 2018. During retirement, the
payment will be made based on the amounts allocated until 31 December 2018.
26. TRADE PAYABLES
Included in trade payables of the Group is retention sum payable to sub-contractors

amounting RM42,709,000 (2017 : RM5,123,000) respectively.
The average credit terms granted to the Group is 30-60 days (2017: 30-60 days).
228
62
Notes
4, 1964 Selangor)
27. DEFERRED TAX ASSETS/(LIABILITIES
Deferred tax are as follows:

Group Corporation
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Deferred tax assets 48,010 25,583 22,952 3,929

Deferred tax liabilities (58,484) (34,678) (25,909) (22,361)
(10,474) (9,095) (2,957) (18,432)
The movements of net deferred tax in the current financial year are as follows:
Group Corporation
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Balance at 1 January (9,095) (14,786) (18,432) (14,443)

Over provision in prior year (487) 2,118 - -
Transfer to/(from) statement of
comprehensive (Note 6) 1,682 3,573 15,475 (3,989)
Adjustment (2,574) - - -
Balance at 31 December (10,474) (9,095) (2,957) (18,432)
Net deferred tax assets are represented by the following tax effects:
Group Corporation
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Temporary differences from:
Property development costs 6,938 5,841 - -
Property, plant and equipment 20,189 2,343 20,312 3,027
Receivables 174 175 - -
Inventories 884 884 - -
Retirement benefits 416 416 - -
Tax losses and unabsorbed
capital allowances 11,470 2,573 2,640 902
Land held for property
development 3,488 3,702 - -
Provision 4,451 9,649 - -
Deferred tax assets 48,010 25,583 22,952 3,929
Temporary differences from:
Property, plant and equipment (47,679) (22,404) (25,909) (22,361)
Property development costs - (15) - -
Others (10,805) (12,259) - -
Deferred tax liabilities (58,484) (34,678) (25,909) (22,361)
229
63
Notes To DEVELOPMENT
SELANGOR STATE The Financial Statements
CORPORATION (PKNS)
28. OTHER PAYABLES
Group Corporation
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Long-term
Other payables 3,269 1,554 - -
Short-term
Other payables 398,275 368,367 294,895 260,702

Subsidiary companies - - 10,102 10,182
398,275 368,367 304,997 270,884
401,544 369,921 304,997 270,884
Amount due to subsidiary and associate companies arise from trade transactions and
prepayments. The debt is unsecured and interest-free and has no fixed terms of
repayment.
Trade payables, other payables and accruals are denominated in Ringgit Malaysia.
29. AMOUNT DUE (TO) NON-CONTROLLING SHAREHOLDERS

Group
2018 2017
RM’000 RM’000
Amount due to non-controlling shareholders 266 2,275
Amount due to non-controlling shareholders is denominated in Ringgit Malaysia,

unsecured, interest free and has no fixed terms of repayment.
230
Notes To The under Financial Statements

30. CASH AND CASH EQUIVALENT
Group Corporation
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Cash and bank balances 157,181 176,358 16,980 29,744

Bank overdraft (2,414) (6,963) - -
154,767 169,395 16,980 29,744
Fixed deposits (Note 20) 352,686 313,252 5,668 5,501
507,453 482,647 22,648 35,245
Fixed deposits pledged
(Note 20) (6,194) (19) - -
Bank balance under the
Housing Developers
(Control and Licensing)
Act, 1996 (31,869) (41,887) - -
469,390 440,741 22,648 35,245
Included in the cash accounts and bank balances of the Group is the balance of the
subsidiary companies under the Housing Developers (Control and Licensing) Act, 1996
amounting RM31,869,000 (2017 : RM41,887,000).
231
65

31. CONTINGENT LIABILITIES
Group
2018 2017
RM’000 RM’000
Guarantees given to financial institutions for banking
facilities granted to third parties 11,158 2,983
Claims
Group
a) Kelana Property Development Sdn Bhd
On 21st March 2017, a claim was made by the Management Corporation of Plaza
Kelana Jaya (“MC”) against the Company, the car parks operator of Plaza Kelana
Jaya and the Director of Selangor Land and Mines Office, in relation to the lawful
rights and ownership of the car parks in Plaza Kelana Jaya together with special and
general damages including incidental costs arising therefrom (“the Action”).
On 24th October 2017, the High Court dismissed the Action by the MC. On 16th
November 2017, the MC filed an appeal to the Court of Appeal which was fixed for
case management on 15th January 2019.
No provision for loss has been made in the financial statements of the Company as
the outcome of the appeal is not presently determinable.
b) Selgate Corporation Sdn Bhd
PKNS-Andaman Development Sdn Bhd
a) Tuntutan daripada Superforce Security Sdn Bhd
Claims were made by Superforce Security Sdn Bhd in the form of writ on 15 th
November 2018 in respect of a failure to pay for 4 months of security services
amounting to RM90,237.37. the plaintiff had claimed the following from the
Company:
i) Payment of RM 90,237.37
ii) Interest on the above sum at 5% per annum from the court date until the
date of full settlement;
iii) Costs for the legal action; and
iv) Any other relief or costs determined by the Court.
As of the end of the financial year 31 December 2018, the above matter is still
ongoing.
66
232

31. CONTINGENT LIABILITIES (CONT’D)
Claims (cont’d)
Group (cont’d)
b) Selgate Corporation Sdn Bhd (cont’d)
PKNS-Andaman Development Sdn Bhd (cont’d)
b) Claim from Aturan Prisma Sdn Bhd (cont’d)
On 14th May 2018, Aturan Prisma Sdn Bhd had made a payment claim to the
company for Interim Certificate of Payment No. 36 and No. 37 as the company
had failed to pay after numerous reminders.
On 29th October 2018, Aturan Prima Sdn Bhd and their solicitors have demanded
payment for outstanding amount payables. The solicitor had demanded the
following from the company:
i) Payment of RM 7,078,394
ii) Interest rate of 5.0% per annum on the above sum from 12th June 2018
until the date of full settlement;
iii) Cost of RM65,000 and
iv) Interest rate of 5.0% per annum on the RM65,000 from 26th October 2018
until the date of full settlement.
Aturan Prisma Sdn Bhd and their solicitors had further sent a notice of
adjudication to the company on 5th November 2018 for the payment of the above.
However, on 18th December 2018, an amicable settlement of the Adjudication
has been reached and both Aturan Prisma Sdn Bhd and the company. The
following was agreed on:
i) Payment of RM1,000,000 on or before 21.12.2018
ii) Payment of Interim Certificate of payment No. 36 amounting to

RM3,227,043.53 on or before 15.1.2019.
iii) Payment of Interim Certificate of Payment No. 37 in the sum of
iv) RM2,631,040.64 and cost awarded in the Adjudication Decision in the

sum of RM65,600.00 on or before 1.2.2018;
As the company has failed to meet the above terms, Aturan Prisma Sdn bhd and
their solicitors had lodged for a company winding up petition on 16th January
2019. A hearing for the petition was scheduled on 1st March 2019. The matter is
currently ongoing at the end of the financial year end 2018.
67
233
Notes
(Incorporated inTo The under Financial
Malaysia Statements
Claims (cont’d)
Group (cont’d)
c) MaxValu Prime
Claims were made by Aeon Co (M) Bhd on 3rd September 2018 for payment of
RM814,471.12 for back-charge of renovation works. As at the end of the
financial year 31 December 2018, the matter still on-going.
d) Asialand Network Sdn Bhd
Claims were made by Asialand Network in the form of a writ on 21st June 2018 in
respect of a failure to pay for agent fees for obtaining a mall tenant (Parkson)
amounting RM290,904.17. The plaintiff had claimed the following from the
Company;
i) Payment of RM306,684.72 inclusive of 1% interest monthly
ii) Cost plus interest at 5% per annum from the court date until the date of
full settlement;
iii) Any other relief or costs determined by the Court.
On 22nd January 2019, Asialand Network Sdn Bhd demanded payment of

RM346,303.26.
Failure to pay Asialanad Network Sdn bhd within 21 days of receipt of the
demand will result in proceedings of winding-up of the Company.
234
68

Claims (cont’d)
Group (cont’d)
e) Claims on losses for not adhering to the Sales and Purchase Agreement
A claim on damages on failure of adhering to the Sales and Purchase

Agreement was lodged by 59 purchasers of the EVO Suites units on 10th
January 2019. The parties had claimed damages on the Duplex Unit Type C
and D where the rooms did not follow the building plan, in addition to common
areas (e.g. swimming pools and gymnasium) were also not built as planned.
The parties above claim the following as compensation due to damages above:
i) RM94,648.98 for the Duplex Unit C
ii) RM86,173.34 for the Duplex Unit D
iii) RM100,000 to RM120,000 for loss of usage on the 2nd rooms for Duplex
Unit C and D.
iv) Opportunity costs of RM500 per month per person for the loss of usage
on the 2nd room. Total as at October 2018 is RM11,800 per person.
v) Claims on late usage of the swimming pool of RM1,120 per person/unit
vi) Claims of late usage of the gymnasium of RM640 per person/unit
vii) Valuator costs of RM2,500 per person
The parties further noted that the above claims did not include losses on the
common facilities. The parties demand the above claims to be paid within 14
days of the letter’s date, failure to do so will result in legal action.
As at 14th February 2019, the matter is still on-going and not yet resolved.
235
69
Notes
(Incorporated inTo The Financial Statements
Malaysia under Enactment 4, 1964 Selangor)
Claims (cont’d)
Corporation
a) Sazean Development Sdn Bhd and Corporation
In the financial year 2017, Sazean Development Sdn Bhd ("the plaintiff") has
declared that the Corporation ("the defendant") is liable to pay the liquidated
Ascertained Damages amount which is the claim for submission of houses under
the Anjung Sari Project Phase 1A, 1B and 1C up to the actual deadline until the
date of the transfer of empty possession of the houses.
The Defendant shall pay an interim of RM15,501,364.70 for all late delivery
submissions for Phase 1A and Phase 1B within 7 days from the date of the
judgment. The Defendant shall pay a sum of RM50 million in damages suffered by
the Plaintiff as a result of the defendant's actions and conduct. The defendant is
also required to pay a loss of profit for Phase 2 amounting to RM50 million.
On 26th September 2017, the plaintiff filed a Notice of Motion to appeal to the
Federal Court. The hearing date is fixed on 19th February 2019. On 15th February
2019, the Corporation has filed a protest against the Notice of the Motion and the
order of the Court has been resolved by the Proposed Notice at a cost of RM10,000
paid to the Corporation. The case can be continued in arbitration.
b) Siak Siong Construction Sdn Bhd and AJ Corp Sdn Bhd, Corporation and
Selangor Industrial Corporation Sdn Bhd
Siak Siong Construction Sdn Bhd ("Plaintiff") is a sub-contractor to the main

contractor, AJ Corp Sdn Bhd ("defendant 1"), which has been awarded the project
"Building and completing 96 units of semi-detached houses (40'x80) related
infrastructure in Section 24, Antara Gapi, Hulu Selangor with a total contract amount
of RM44,812,181.44 and the completion period of the work is 104 weeks from the
date of 28th June 2016. Prior to the commencement of work, the main contractor
must settle the Performance Bond amounting to RM2,240,609.07 which is 5% of the
total contract.
However, around June 2017, the Corporation was informed that defendant 1 had
been wound up by the Court on 5th April 2017. Referring to clause 51.2 of the
Contract Documents, if any contractor was wound up during the contract period then
the Corporation reserves the right to terminate the contract immediately upon giving
notice to the contractor.
236
70
Notes
4, 1964 Selangor)
Claims (cont’d)
Corporation (cont’d)
Selangor Industrial Corporation Sdn Bhd (cont’d)
Therefore, on 21st June 2017, the Corporation has terminated the service of the
defendant 1 and seized the Implementation Bonds as provided in the Contract
Documents. However, the plaintiff was dissatisfied with the termination and filed a
Writ Saman against the defendants on 24th December 2018. Writ of this Summons
has been handed over to the defendants and accepted by the Corporation on 9th
January 2019.
Therefore, the plaintiffs apply the Judgment to the defendants as follows: -
a. A declaration that the termination of the Main Contract by the Corporation

is incorrect;
b. A declaration that defendant 1 and the plaintiff shall not be liable for any
loss or damage arising from the termination of the Main Contract;
c. The Corporation shall pay to the defendant 1 final claim amounting to

RM8,734,088.18 or alternatively: -
i. RM2,298,627.25 for the value of work completed which is no

confirmed and / or not yet confirmed by the Corporation;
ii. RM1,963,880.39 for variation order;
iii. RM248,980.68 for above-site materials;
iv. RM2,240,609.07 as return of detention money;
v. RM935,000.00 in return for LAD money which has been deducted

from progress payments;
vi. RM461,229.85 for GST.
d. The Corporation must return a Performance Bond as much as

RM2,240,609.07;
e. The Corporation pays the defendant 1 sum of RM1,453,578.00 for

payment of Progress Payment Certificate No. 30 and 31;
71237

Claims (cont’d)
Selangor Industrial Corporation Sdn Bhd (cont’d)
f. The Corporation paid the defendant 1 RM1,895,829.76 as a delayed

cost
g. Interest on the amount of judgment at 5% per annum from date filing this
action until full settlement;
Case management is set on May 25, 2019.
c) Limatic Holdings Sdn bhd and Corporation
Based on Writ of Summons and Statement of Claim filed dated 5th October 2018,
Limatic Holdings Sdn Bhd ("Plaintiff") has been offered a sale of 70 acres of land in
Selangor Science Park 2, Cyberjaya for the purpose of development of the
International University of Al-Madinah through a Letter of Offer dated 23rd December
2009 with a sale price of RM112,820,437.00 for the purpose of building the
university.
Based on the Claimant's Letter of Offer ("defendant"), Clause 3.1.1 states that the
buyer must settle the payment of 2% of the sale price which is equivalent to
RM4,476,698.32 upon receipt of the offer letter.
Following the defendant's offer, the next plaintiff on 26th August 2010 paid only
RM2,256,408.00 of the required deposit amount.
At all material times it is agreed between the plaintiff and the defendant that Deposit
Payment is a refundable deposit where: -
a. The purchase of the Property is subject to the project the development of

the Universities; and
b. If the University development project is not implemented and the sale

and purchase agreement for the purchase of the property is executed
between the plaintiff and the defendant, the Deposit Payment is
necessary or obligated to return to the plaintiff.
72
238

Claims (cont’d)
c) Limatic Holdings Sdn bhd and Corporation (cont’d)
The University's development project has been canceled and not implemented.
Furthermore, due to the cancellation of the University's development project then
the Sale and Purchase agreement for the purchase of the land was not executed
between the plaintiff and the defendant. Following the cancellation of the university
development project, the plaintiff has requested the defendant to return the Deposit
Payment.
Based on the plaintiff's request for the refund, the defendant has made an offer to
the plaintiff to return the payment which has been settled by the counter of a
bungalow in Section 9, Shah Alam and 2 serviced apartments at Selangor Science
Park 2, Cyberjaya.
The plaintiff disagreed with the offer and lodged a return offer to the defendant by
contravention of a bungalow in section 9, Shah Alam and the purchase of another
bungalow unit in Section 9, Shah Alam belonging to the defendant in lieu of the
refund of the Deposit Payment in cash.
Since no agreement has been reached between the plaintiff and the defendant with
respect to the proposals submitted, the Plaintiff's Solicitor has submitted a letter
dated April 12, 2017 for refunds paid in cash.
The Plaintiff has applied for the Order among others as follows: -
a. The sum of RM2,256,408.00;
b. Interest on the sum of RM2,256,408.00 at 5% per annum from the filing

date of this action up to the date of judgment and subsequently at 5% per
annum from the date of judgment until the date of full payment.
The Court has fixed the hearing date of the Defendant's Application Notice to amend
the Defense Present on 23rd April 2019.
239
73

Claims (cont’d)
d) Corporation and Projek Lebuhraya Usahasama Berhad, Dr Y G Tan Jurutera

Perunding Sdn Bhd and B&I Bulder Sdn Bhd
Corporation ("the plaintiff") filed a lawsuit and a claim against the Projek
Lebuhraya Usahasama Berhad ("Defendants 1"), Dr Y G Tan Jurutera Perunding
Sdn Bhd ("the defendant 2") and B&I Bulder Sdn Bhd ("defendant 3"). The
plaintiff is the developer of a development and a development made is
"Construction Interchange type" Coverleaf " in KM 2.2 connection Putrajaya
Expressway and associated works to TSS2". Plaintiff has appointed the 1st
defendant as highway concessions to make an application to build the bridge, the
defendant 2 as the main consultant for the development and defendant 3 as a
contractor for carrying out the civil works. Sepang Municipal Council (MPS) has
put a condition in which the plaintiff would maintain the bridge for the next 10
years.
The plaintiff filed a claim for damages "jointly and severally" by RM20,000,000.00
as loss damage suffered by the plaintiff and RM3,231,806.00 for "loss of
convenience" and distress.
Defendant 1 has filed a counterclaim amounting to RM25,423,157.44 for special

damages and general damages to be construed by the Court which is estimated to
total RM60,000,000.
Members of the Corporation agree to settle the outside claim of the Court with the
payment amount of RM3,000,000-RM5,000,000 paid by defendant 1 to the
plaintiff.
On 11 February 2019, defendant's 1 lawyer has responded as follows:
a) Defendant 1 will pay RM1,000,000 to the plaintiff ex-gratia;
b) The plaintiff extends his claim against defendants 1 and the other and the
defendant1 issues a counterclaim against the plaintiff;
c) No admission is made by any party;
d) Each party shall bear its own legal costs;
e) The settlement is a full and final dispute between the parties and one
party will not have any further claim against the other in respect of the
above.
Full hearing is from 20-26 June 2019 and 16-19 July 2019.
240
74
Notes
4, 1964 Selangor)
Claims (cont’d)
e) Problem of Damage Structure of housing for Privatisation Project of

Corporation and Seta Abadi Sdn Bhd in Section 23 Shah Alam
The cost of repairing the sedimentation problem encountered in the Setia Abadi
project is estimated at RM7 million. These costs will be borne by the privatization
company and legal action is being taken.
32. CAPITAL COMMITMENT
Group
2018 2017
RM’000 RM’000
Approved capital expenditure not yet
allocated in the financial
statements:
Contracted 153,311 234,103
Not contracted 30,236 30,776
241
75
Notes Toin Malaysia

(Incorporated Theunder Financial
Enactment 4, 1964Statements
Selangor)
33. TRANSACTIONS WITH SUBSIDIARY COMPANIES
A parties are considered to be a related to the company if the company has the ability,
directly or indirectly, to control the party or exercise significant influence over the party in
making financial and operating decision, or vise versa, or where the company and a
party are subject to common control or common significant influence.
In addition, there is detailed information on the financial statements, where the company
has relationships with related parties including directors, key management personnel
and Related Parties in the same group of companies.
a) The main transactions between PKNS and its subsidiary companies are as
follows:
Corporation
2018 2017
RM’000 RM’000
Construction Works 47,811 17,151

Dividend 16,714 9,312
Others 5,572 5,826
70,097 32,289
b) The remuneration of director and key management personnel during the financial
year is as follows:
Group Corporation
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Salaries and other emoluments:

Director and management 11,366 6,538 3,281 3,309
Included in the above compensation of key management personnel is directors’

remuneration as disclose in Note 4.
76
242
Notes To
(Incorporated Theunder
in Malaysia Financial
Enactment 4, 1964Statements
Selangor)
34. PRIOR YEAR ADJUSTMENT
This in respect of gain on disposal of associates not recognised, issued and the
remaining share of profit attributable to minority interest. The effect on the financial
statements are as follows:
As previously Prior year As

stated adjustment restated
RM’000 RM’000 RM’000
Retained earnings 5,832,792 9,150 5,841,942
No effect on the current year income statement and its comparative figures.
35. SIGNIFICANT EVENTS AFTER FINANCIAL YEAR
a) The capital injection to Selgate Corporation Sdn Bhd amounting to RM5.0 million
in the form of Redeemable Preference Shares 2 has been approved by PKNS
Corporation Members to fund the business operations of PKNS - Andaman
Development Sdn Bhd. To date, injection payments have been made at RM5.0
million to Selgate Corporation Sdn Bhd.
b) The capital injection to Datumcorp International Sdn Bhd amounting to RM120.0

million in the form of Redeemable Preference Share 3 has been approved by
PKNS Corporation Members for financing the development of the Datum Jelatek
project.
However, the injection will be done in stages based on PKNS's cash flow and
also dependent on the 'en bloc' sale to MyAngkasa Al-Zahra Sdn Bhd. To date,
injections have been made at RM25.7 million.
77243
Notes
4, 1964 Selangor)
36. FINANCIAL INSTRUMENT
36.1 Categories of Financial Instruments
The table below provides an analysis of financial instruments categorised as follow:
(a) Financial assets and financial liabilities measured at fair value through profit or
loss (“FVTPL);
(b) Financial assets and financial liabilities measured at amortised cost (“AC”); and
(c) Financial assets that are equity instruments measured at cost less impairment
(“CLI”).
Carrying
amount FVTPL AC CLI
2018 RM’000 RM’000 RM’000 RM’000
Financial assets
Group
Other investments 194,104 110,053 82,811 1,240
Amount due from contract
customer 217,984 - 217,984 -
Trade receivables 375,380 - 375,380 -
Other receivables, deposits and
prepayments 157,805 - 157,805 -
Portfolio investment 18,431 18,431 - -
Fixed deposits 352,686 - 352,686 -
Cash and bank balance 154,767 - 154,767 -
1,471,157 128,484 1,341,433 1,240
244
78
Notes
4, 1964 Selangor)
36. FINANCIAL INSTRUMENT (CONT’D)
36.1 Categories of Financial Instruments (cont’d)
Carrying
amount FVTPL AC CLI
2018 RM’000 RM’000 RM’000 RM’000
Financial assets
Corporation
prepayments 73,574 - 73,574 -
Fixed deposits 5,668 - 5,668 -
426,686 96,689 328,757 1,240
Financial liabilities
Group
Trade payables (352,320) - (352,320) -
Other payables (398,275) - (398,275) -
shareholders (266) - (266) -
Finance lease (5,527) - (5,527) -
Borrowings (( (1,671,930) (12,394) (1,659,536) -
Retirement benefits (9,418) - (9,418) -
(2,437,736) (12,394) (2,425,342) -
Corporation
Trade payables (107,991) - (107,991) -
Other payables (304,997) - (304,997) -
Borrowings (1,375,988) - (1,375,988) -
(1,792,644) - (1,792,644) -
79245
Notes
Carrying
amount FVTPL AC CLI
2017 RM’000 RM’000 RM’000 RM’000
Financial assets
Group
Amount due from contract
customer 266,803 - 266,803 -
prepayments 145,094 - 145,094 -
Fixed deposits 313,252 10,072 303,180 -
1,715,074 151,459 1,562,228 1,387
Corporation
prepayments 55,141 - 55,141 -
Fixed deposits 5,501 - 5,501 -
605,288 112,026 491,875 1,387
Financial liabilities
Group
Trade payables (281,836) - (281,836) -
Other payables (368,367) - (368,367) -
shareholders (2,275) - (2,275) -
Finance lease (2,687) (2,687) - -
Borrowings (1,607,441) (233,294) (1,374,147) -
(2,271,099) (235,981) (2,035,118) -
Corporation
Trade payables (86,234) - (86,234) -
Other payables (270,884) - (270,884) -
Borrowings (1,293,885) - (1,293,885) -
(1,654,782) - (1,654,782) -
80
246
Notes
SELANGOR ToSTATEThe Financial
DEVELOPMENT CORPORATION Statements
(PKNS)
The following summarizes the methods used to determine the fair value of
financial instruments as shown in the above table:
Investment in Equity and Debt Securities
The fair value of financial assets that are quoted in an active market is
determined by reference to the value of assets quoted closing bid price at the
end of the reporting period.
36.2 Net Profit and Loss arising from Financial Instruments
Group Corporation
2018 2017 2018 2017
RM’000 RM’000 RM’000 RM’000
Net Profit/(Loss) on:

Financial assets measured at fair
value through profit or loss (12,288) 6,307 (12,288) 6,307
Financial assets are measured at
amortised cost (13,640) (4,410) (9,610) (5,283)
Financial liabilities measured at
amortised cost (84,223) (73,336) (62,035) (55,005)
(110,151) (71,439) (83,933) (53,981)
37. APPROVE DATE FOR PUBLICATION
The financial statements were authorised for publication by the Board on the date of
these financial statements.
81
247

Laporan Tahunan PKNS 2018

Uploaded by

Copyright:

Available Formats

Laporan Tahunan PKNS 2018

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Laporan Tahunan PKNS 2018

Uploaded by

Copyright:

Available Formats

PERBADANAN KEMAJUAN NEGERI SELANGOR

2018 Tahun Anugerah Dan Pengiktirafan

2018 The Year of Awards and Recognition

Latar Belakang Maklumat Korporat

04 Penubuhan PKNS 12 Ahli Perbadanan

05 Aktiviti 16 Jawatankuasa Peringkat Perbadanan

06 Objektif 18 Ahli Pengurusan

07 Falsafah Korporat 20 Struktur Korporat Kumpulan

08 Visi Dan Misi 22 Carta Organisasi

09 Nilai Bersama 24 Pencapaian & Anugerah

Laporan Prestasi Tanggungjawab Sosial Korporat

28 Perutusan Pengerusi 54 Program Tanggungjawab Sosial Korporat

32 Laporan Pengurus Besar 58 Pembangunan Modal Insan

36 Sistem Skor Prestasi Anak Syarikat 60 Aktiviti Sukan Dan Persatuan

37 Pusat Pertumbuhan Baru 65 Diari Korporat

41 Kawasan Perindustrian Direktori

48 Inisiatif Program Integriti

• Menggalak, memaju dan membangunkan pusat pertumbuhan baru, kawasan

• Melaksana semua dasar kerajaan yang melibatkan pembasmian kemiskinan

• Meneroka dan menyertai bidang-bidang pelaburan dan perdagangan untuk

• Menyedia landasan ke arah mewujudkan Masyarakat Perdagangan dan

• Menjalankan sebahagian atau keseluruhan tugas atau kuasa-kuasa tempatan

PKNS sentiasa menggalak dan mengamalkan

PKNS constantly encourages and upholds values together

A. JAWATANKUASA PERJAWATAN KUMPULAN

E. JAWATANKUASA KEUTUHAN TADBIR URUS G. JAWATANKUASA PENCALONAN DAN REMUNERASI

• Y.Bhg. Dato’ Mohd. Salleh bin Mahmud

Ketua Pegawai Eksekutif Ketua Pegawai Teknikal

Sehingga : 23 November 2018

Pemangku Ketua Pegawai Eksekutif Ketua Pegawai Korporat

Mulai : 3 Disember 2018

Ketua Pegawai Kewangan Pengurus Besar Pengurus Besar

Pengurus Besar Pengurus Besar

PERBADANAN KEMAJUAN NEGERI SELANGOR

Struktur Korporat Kumpulan

Pencapaian & Anugerah

21 April 2018 / 21 April 2018 19 Oktober 2018 / 19 October 2018

21 April 2018 / 21 April 2018 19 Oktober 2018 / 19 October 2018

Anjuran/ Organised by Anjuran / Organised by

1 Jun 2018 / 1 June 2018 29 Oktober 2018 / 29 October 2018

Anjuran / Organised by Anjuran / Organised by

30 Oktober 2018 / 30 October 2018 29 November 2018 / 29 November 2018

Anjuran/ Organised by Anjuran / Organised by

6 Disember 2018 / 6 December 2018

Alhamdulillah, setinggi-tinggi puji PRESTASI BAJET DAN LAPORAN

Pertumbuhan ekonomi negeri yang perlu menggembleng tenaga dan

FIVE DECADES OF EXPERIENCE TO SEE THE

To survive up to more than five decades is not

The challenges that PKNS had to endure until

Laporan Ketua Pegawai Eksekutif

Lebih 10 anugerah yang diterima PKNS antaranya Honor

Ini menjadikan jumlah kutipan dipacu oleh Internet of Things (IoT)

HARAPAN DAN PENGHARGAAN

PKNS needs to address the emergence of

Sistem Skor Prestasi

PKNS telah mewujudkan dan projek- projek PKNS. Begitu juga

Pusat Pertumbuhan Baru

Seksyen 17, Shah Alam

Hartanah PKNS mendukung aspirasi Kerajaan Negeri

JUMLAH PROJEK YANG SIAP DIBINA STRATEGI PEMASARAN MARKETING STRATEGY