SIJIL KETUA AUDIT NEGARA (No. 669)

Seksyen 2

1 Perbelanjaan Pentadbiran–RM212,613

Sejumlah RM52,965 daripada Perbelanjaan Pentadbiran berjumlah RM212,613

adalah merupakan perbelanjaan modal yang sepatutnya diambil kira sebagai Hartanah, Loji dan Peralatan di Lembaran Imbangan. Pihak pengurusan telah mengambil kira jumlah ini sebagai belanja pembaikan bangunan dan dikenakan ke Penyata Pendapatan bagi tahun berakhir 31

Disember 2008. Amalan ini menyebabkan jumlah Lebihan Pendapatan bagi tahun 2008 dan Nilai Buku Hartanah, Loji Dan Peralatan pada akhir tahun 2008 masing-masing terkurang dicatat.

4hb Mac 2010]

537

Langkah-langkah pembetulan yang sewajarnya hendaklah diambil oleh pihak pengurusan Kumpulan Wang Selangor King George V Silver

Jubilee untuk meningkatkan akauntabiliti awam.

SHAH ALAM

LIM SOK KIANG

Bertarikh 28 Ogos 2009

b.p. Ketua Audit Negara

Malaysia

PENGAKUAN OLEH PEGAWAI UTAMA

YANG BERTANGGUNGJAWAB KE ATAS PENGURUSAN KEWANGAN TABUNG

KUMPULAN WANG SELANGOR KING GEORGE V SILVER JUBILEE

Saya, Dato’ Yong Seng Yeow, pegawai utama yang bertanggungjawab ke atas pengurusan kewangan dan rekod-rekod perakaunan Tabung Kumpulan Wang

Selangor King George V Silver Jubilee, dengan seikhlasnya dan sesungguhnya mengaku bahawa Lembaran Imbangan, Penyata Pendapatan, Penyata Perubahan

Ekuiti dan Penyata Aliran Tunai yang berikut ini berserta dengan nota-nota kepada Penyata Kewangan di dalamnya, pada pendapat saya, adalah tepat dan saya membuat pengakuan benar ini sesungguhnya dengan penuh kepercayaan akan kebenarannya, dan menurut peruntukan Akta Pengakuan Berkanun 1960.

Sebenarnya dan sesungguhnya diakui oleh penama di atas di Kuala Lumpur pada 30 Mac 2009

Di hadapan saya,

DATO’ YONG SENG YEOW

Pesuruhjaya Sumpah

Malaysia

KENYATAAN OLEH LEMBAGA PEMEGANG AMANAH

Kami, Cik Teresa Kok Suh Sim dan Dato’ Yong Seng Yeow, yang merupakan

Pengerusi dan Lembaga Pemegang Amanah, Lembaga Tabung Kumpulan

Wang Selangor King George V Silver Jubilee, dengan menyatakan bahawa, pada pendapat Lembaga, Lembaran Imbangan, Penyata Pendapatan, Penyata

Perubahan Ekuiti dan Penyata Aliran Tunai yang berikut berserta dengan nota-nota di dalamnya telah disediakan untuk memberi gambaran yang benar dan saksama berkenaan kedudukan Tabung Kumpulan Wang Selangor King

George V Silver Jubilee pada 31 Disember 2008 dan hasil kendaliannya dan aliran tunai bagi tahun yang berakhir pada tarikh tersebut.

Bagi pihak Lembaga

CIK TERESA KOK SUH SIM

DATO’ YONG SENG YEOW

Pengerusi

Lembaga Pemegang Amanah

Kumpulan Wang Selangor

King George V Silver Jubilee

Bertarikh 30 Mac 2009

538

[4hb Mac 2010

BALANCE SHEET AS AT 31ST DECEMBER 2008

2008 2007

PROPERTY, PLANT & EQUIPMENT (Note 4)

66,228 71,502

INVESTMENT (Note 5)

1,339,051 1,311,831

CURRENT ASSETS

Other receivables and deposits 1,550 1,550

Fixed deposits placed with licensed banks 3,220,000 2,970,000

Cash at bank-Southern Bank (S/T Placement A/C)

—

11,097

Cash and bank balances (Note 7)

292,868 256,051

—————

3,514,418 3,238,698

—————

Less:

CURRENT LIABILITIES

Other payables and accruals (Note 8)

389,834 400,324

Amount owing to residents (Note 9)

5,668 30,640

—————

395,502 430,964

—————

NET CURRENT ASSETS

3,118,916 2,807,734

—————

4,524,195 4,191,067

—————

Financed by:

ACCUMULATED FUND

4,524,195 4,191,067

—————

INCOME STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2008

2008 2007

INCOME

Donation 277,647 301,293

Government grant 53,144 51,100

Fixed deposit interest 91,650 72,547

Gross dividend received 130,832 108,148

Other investment income 21,636

Interest received-Southern Investment Bank 947 3,090

(SIT Placement A/C)

—————

(Note 3)

554,220 557,814

Less:

ADMINISTRATIVE EXPENSES

(as per schedule)

212,613 344,416

—————

341,607 213,398

—————

4hb Mac 2010]

539

OTHER INCOME

Gain on disposal of investments

—

134,173

Gain on disposal of OCBC rights

—

—————

—

134,173

Loss on disposal of investments

—

—————

—

134,173

—————

SURPLUS BEFORE TAXATION

341,607 7,571

Less:

Tax suffered on Malaysian dividends

(20,020)

(16,217)

Tax suffered on Foreign dividends

—

(7,552)

—————

NET SURPLUS FOR THE YEAR

321,587 323,802

—————

STATEMENT OF CHANGES IN FUND FOR THE YEAR

ENDED 31 DICEMBER 2008

Accumulated

Total

Fund

At 1st January 2007 3,860,597 3,860,597

Prior Year Adjustment:

Gain on disposal of Investment 6,668 6,668

Net Surplus for the year 323,802 323,802

—————

As 31st December 2007 4,191,067 4,191,067

—————

At 1st January 2008 4,191,067 4,191,067

Prior Year Adjustment:

Underprovision of depreciation

(154)

Donation omitted previously 11,695 11,695

Net Surplus for the year 321,587 321,587

—————

As 31st December 2008 4,524,195 4,524,195

—————

CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2008

2008 2007

Cash Flows from Operating Activities

Donation-Current

277,647

301,293

Donation-previously

11,695

—

Government grant

53,144

51,100

Cash paid to suppliers and employees

(242,956)

(133,792)

—————

Cash generated from operations

99,530

218,601

Tax suffered on Malaysia dividend

(20,020)

(16,217)

Tax suffered on foreign dividend

—

(7,553)

—————

Net cash from operating activities

79,510

194,831

—————

2008 2007

540

[4hb Mac 2010

Cash Flows from Investing

Activities

Fixed deposit interest received

92,597

75,637

Gross dividend received

130,832

108,148

Other investment income

—

21,637

Net proceeds from disposal of

—

350,183

investment

Purchase of investment

(27,219)

(257,899)

Purchase of furniture and

—

(1,095)

equipment

Capital repayment on

—

22,500

investment

Additional procead from

—

6,668

disposal of investment omitted previously

—————

Net cash used in investing

196,210

325,779

activities

—————

Net increase in cash and cash

275,720

520,610

equivalents

Cash and cash equivalents 2,970,000

2,320,000

at beginning of the year

Fixed deposit with licensed 267,148

396,538

banks

—————

Cash and bank balances

3,237,148

2,716,538

—————

3,512,868

3,237,148

—————

Cash and cash equivalent at end of the year

Fixed deposits with licensed 3,220,000

2,970,000

banks

Cash and bank balances 292,868

267,148

—————

3,512,868

3,237,148

—————

NOTES TO THE FINANCIAL STATEMENTS—31ST DECEMBER 2008

These notes form an integral part of and should be read in conjunction with the accompanying financial statements.

Seksyen 1

GENERAL INFORMATION

Seksyen 2

3 Revenue recognition

(i)

Donation/Government grant

Donation and Government grant are recognised as and when received

(ii)

Dividend income

Dividend income from investment is included in the income statement when the right to receive is established.

(iii)

Interest income

Interest income is recognised on the receivable basis.

Seksyen 2

4 Income taxes

No provision has been made for current tax and deferred tax as the Fund is exempted from tax except to the extent of tax on dividend received.

Seksyen 3

REVENUE

Revenue of the Fund represents donation and grants received, interest on fixed deposits, dividend and other investment income.

4hb Mac 2010]

543 4.

PROPERTY, PLANT AND EQUIPMENT

Building

Furniture

Signboard

Electrical

Fencing

Total

& office lawnmover equipment

& Gas equipment fan & box oven

Cost

At 1-1-2007 112,095 21,161 6,355 7,465 5,209 152,285

Additions

—

395 700

—

1,095

—————

At 31-12-2007/1-1-2008 112,095 21,556 7,055 7,465 5,209 153,380

Additions

—

Disposal

—

—————

At 31-12-2008 112,095 21,556 7,055 7,465 5,209 153,380

—————

Accumulated Depreciation+

At 1-1-2007 66,228 1,726 2,155 4,386 3,167 77,662

Charge for the year 2,293 992 369 154 408 4,216

—————

At 31-12-2007/1-1-2008 68,521 2,718 2,524 4,540 3,575 81,878

Charge for the year 2,179 1,884 453 431 327 5,274

Disposal

—

—————

At 31-12-2008 70,700 4,602 2,977 4,971 3,902 87,152

—————

NET CARRYING AMOUNT

At 31-12-2007 43,574 18,838 4,531 2,925 1,634 71,502

—————

At 31-12-2008 41,395 16,954 4,078 2,494 1,307 66,228

—————

No title has been issued on the land. According to the Land Office, the land gazetted for use of the Home was made in 1941 under Gazette Notice No. 554.

544

[4hb Mac 2010 5.

INVESTMENT

Quoted shares Quoted shares

Unit Trust

Total

& warrants outside in Malaysia in Malaysia

Malaysia

Cost-2008

As at 1-1-2008 772,395 249,301 290,135 1,311,831

Additions 27,220

—

27,220

Capital Repayment

—

Disposals

—

—————

As at 31-12-2008 799,615 249,301 290,135 1,339,051

—————

Impairment Loss

As at 1-1-2008

—

Charge for the year

—

Reversal for the year

—

—————

As at 31-12-2008

—

—————

Net Carrying Amount

As at 31-12-2008 799,615 249,301 290,135 1,339,051

—————

Market Value/Manager’s

Price

As at 31-12-2008 550,150 249,301 290,135 1,089,586.00

—————

Cost-2007

As at 1-1-2007 780,656 249,301 262,486 1,292,443

Additions 230,250

—

27,649 257,899

Capital Repayment

(22,500)

—

(22,500)

Disposals

—

Overcharging of Cost in

(216,011)

—

(216,011)

Prior Year

—————

As at 31-12-2007 772,395 249,301 290,135 1,311,831

—————

Impairment Loss

As at 1-1-2007

—

Charge for the Year

—

Reversal for the Year

—

—————

As at 31-12-2007

Net Carrying Amount

As at 31-12-2007 772,395 249,301 290,135 1,311,831

—————

Market Value/Manager’s

Price

As at 31-12-2007 844,525 249,301 290,135 1,383,961

—————

4hb Mac 2010]

545 6.

OTHER RECEIVABLES AND DEPOSITS

2008 2007

Sundry deposit 550 550

Deposit for Container–Tunas Mesra Sdn. Bhd.

1,000 1,000

—————

1,550 1,550

—————

Seksyen 7

CASH AND BANK BALANCES

OCBC Bank (Malaysia) Berhad 701-117372-3 272,793 202,388

OCBC Bank (Malaysia) Berhad 701-117373-1 6,777 10,530

OCBC Bank (Malaysia) Berhad 701-121303-2 6,630 23,188

Cash in hand 1,000 1,000

—————

287,200 237,106

Public Bank Berhad–Residents’ account (Note 9)

5,668 18,945

—————

292,868 256,051

—————

Seksyen 8

OTHER PAYABLES AND ACCRUALS CHARGES

Other creditors:

Siteman Constraction Sdn. Bhd.

200,268 200,268

Sungai Long Industries Sdn. Bhd.

179,000 179,000

Messing deposit–Wong Yip Man 500 500

Accruals 10,066 20,556

—————

389,834 400,324

—————

Seksyen 9

AMOUNTS OWING TO RESIDENTS

Balance as at 31-12-2008 5,668 30,640

—————

These are funds belonging to the inmates of the home and are kept in Public Bank Berhad for safe-keeping on their behalf.

Jadual

SCHEDULE OF ADMINISTRATION EXPENSES FOR THE YEAR

ENDED 31ST DECEMBER 2008

2008 2007

Contract wages 39,000 38,313

Daily wages/salaries 12,516 6,087

Insurance premium 1,018 1,018

Postages, printing & stationery 460 4,954

Telephone charges 1,929 1,968

Water & electrical charges 6,985 6,640

Messing 43,654 43,862

Replacement of kitchen utensils 1,853 3,532

Audit fee 1,630 1,630

Travelling expenses 302 4,516

Upkeep of garden 3,506 4,706

Bank charges 301 85

546

[4hb Mac 2010

Depreciation 5,119 4,216

E.P.F.

5,876 4,704

Sundry repairs 1,185 3,262

Socso 596 581

Gas 2,072 2,722

Medical fee 924 811

Upkeep of buildings 53,160 179,000

Fire extinguisher 160 160

Ang Pow 3,700 2,900

Electrical repairs 564 789

Advertisement 151 151

Sundry expenses 2,716 5,228

Accounting fee 4,520 1,890

Portfolio Management Fee 6,424 10,082

Senior Citizen Day expenses 8,870 7,000

Cleaning expenses

—

630

Funeral Expenses

—

1,830

Gift

—

1,149

Up-keep Of Motor Vehicle 2,000

—

Road Tax & Insurance 1,422

—

—————

212,613 344,416

—————

Jadual

SCHEDULE OF DIVIDEND RECEIVED FOR THE YEAR

ENDED 31 DECEMBER 2008

Gross

Tax on

Net dividend dividend dividend

MALAYSIAN DIVIDENDS

Southern Investment Bank

BJToto 3,600 936 2,664

TM

16,250 4,225 12,025

—————

19,850 5,161 14,689

Berjaya Sports ToTo Bhd.

3,600 936 2,664

British American Tobacco (M) Bhd.

525 136 389

British American Tobacco (M) Bhd.

2,202

—

2,202

Telekom Malaysia Bhd.

5,500 1,430 4,070

Malaysian Pacific Ind. Bhd.

1,920

—

1,920

Genting Bhd.

645 168 477

British American Tobacco (M) Bhd.

3,955

—

3,955

Berjaya Sports ToTo Bhd.

4,050 1,053 2,997

Telekom Malaysia Bhd.

3,000 780 2,220

Genting Bhd.

450 117 333

Berjaya Sports ToTo Bhd.

2,700 675 2,025

British American Tobacco (M) Bhd.

2,660

—

2,660

Malaysian Pacific Ind. Bhd.

800

—

800

Telekom Malaysia Bhd.

36,783 9,564 27,219

—————

68,790 14,859 53,931

2008 2007

4hb Mac 2010]

547

FOREIGN DIVIDENDS

OCBC

21,029

—

21,029

OCBC

21,163

—

21,163

—————

————— —

—

42,192

—

42,192

—————

TOTAL

130,832 20,020 110,812

—————

No. 670.

DEPOSIT-DEPOSIT YANG TIDAK DITUNTUT

(Arahan Perbendaharaan 162)

PEJABAT DAERAH DAN TANAH SEPANG

PEMBETULAN

Pemberitahuan Warta No. 4065 yang disiarkan pada 3 Disember 2009 adalah dipinda dengan memasukkan rujukan “[PDS(H) 9/U/122-2009]” di akhir

Pemberitahuan.

[PDS(H) 9/U/122-2009]

Gross

Tax

Net dividend dividend dividend

Hakcipta Pencetak

H atau sebaliknya tanpa mendapat izin daripada Percetakan Nasional Malaysia Berhad (Pencetak kepada Kerajaan Malaysia yang dilantik).

KUALA LUMPUR

SIJIL KETUA AUDIT NEGARA

About this state subsidiary legislation

(154)

(154)

(i)

(ii)

(iii)