Comparative Annual Report

7272 Words May 15th, 2012 30 Pages
1. INTRODUCTION All listed companies must prepare and publish their annual report for each end of every financial year. Bursa Malaysia Berhad and Central Bank of Malaysia require business entities to submit annual report. Annual reports are intended to give shareholders and other interested people information about the company’s activities and financial performance. It is general documents that give shareholders an idea of the condition of the company as a whole. The Securities Commission makes public companies disclose certain information to the shareholders of the company. It will create a standardized method that investors can use to evaluate the potential of a company. The purpose of this project is to analyze the annual reports …show more content…
The strengthened of businesses by an unblemished track record of delivering quality products over the years. It would sustain and continue to gain ground as move towards becoming a world-class conglomerate. Moreover, the Group acquired 70% equity interest in Northern Integrated Agriculture Sdn. Bhd. (NIA), will enjoy the benefit from the economies of scale derived from the enlarged plantation operation. From the acquisition, NIA contributed a profit after tax of RM1.073 million to the financial results of the Group. The Group become more establish from year-to-year because proposed acquisition of MARDEC Berhad which established 40 years ago with track record in the processing and trading of natural rubber and the manufacturing of valued-added rubber and polymers products, provides a strategic fit to the Group’s planned growth in this sector. Close collaboration between the Malaysian Palm Oil Board (MPOB) and local universities has contributed to the exchange of information and knowledge on the latest technologies and methodologies to improve agronomic management of oil palms. Focus on research and development has resulted in the roll out of various programmers to improve efficiency and effectiveness of agronomics practices the plantations nationwide.

3. LITERATURE REVIEW Regulatory requirements are the standards or rules that all companies have to comply to set up the regulation of information disclosure and presentation (D.Sott-super moderator). The disclosure

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