Contents Kandungan
2 Chairman’s Message 11 Operations Review 24 26 28 41 54 Financial Highlights Five Years Group Financial Data Board Of Directors & Profiles Statement On Corporate Governance Statement On Director’s Responsibility In Relation To The Financial Statement 54 56 64 Additional Compliance Statement Board Audit Committee Report Statement On Internal Controls 2 Perutusan Pengerusi 11 Ulasan Operasi 24 Pencapaian Kewangan 26 Data Kewangan Lima Tahun Kumpulan 28 Lembaga Pengarah & Profil 41 Penyata Tadbir Urus Korporat 54 Penyata Tanggungjawab Pengarah Berhubung dengan Penyata Kewangan 54 Penyata Pematuhan Tambahan 56 Laporan Lembaga Jawatankuasa Audit 64 Penyata Kawalan Dalaman 67 Peristiwa-peristiwa Penting Tahun 2002 72 Maklumat Korporat

67 Event Highlights Of The Year 72 Corporate Information 76 Group Corporate Structure 81 Directors' Report 84 Statement By Directors 84 Statutory Declaration 85 Auditors' Report 86 Income Statements 87 Balance Sheets 88 Consolidated Statement Of Changes In Equity 89 Statement Of Changes In Equity 90 Cash Flow Statements 92 Notes To Financial Statements 138 Group's Held Properties 144 Statistics On Shareholding 218 Notice of Annual General Meeting 227 Statement Accompanying Notice Of Annual General Meering 231 Form of Proxy

76 Struktur Kumpulan 151 Laporan Para Pengarah 154 Penyata Para Pengarah 154 Akuan Berkanun 155 Laporan Juruaudit 156 Penyata Pendapatan 157 Lembaran Imbangan 158 Penyata Perubahan Dalam Ekuiti Disatukan 159 Penyata Peruabahan Dalam Ekuiti 160 Penyata Aliran Tunai 162 Nota-nota Kepada Penyata Kewangan 208 Hartanah Kumpulan 214 Statistik Pegangan Saham 218 Notis Mesyuarat Agung Tahunan 227 Penyata Mengiringi Notis Mesyuarat Agung Tahunan 232 Borang Proksi

…to become the finest enterprise in the country

[2]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

CHAIRMAN’S MESSAGE
PERUTUSAN PENGERUSI

Dato’ Dr Mohd Munir bin Abdul Majid

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[3]

2002 was a year in which your Company successfully navigated rough waters to chart a new course. Immeasurably strengthened by the events and experiences of the last 12 months, Celcom has embarked on a journey to rejuvenate and revitalise even as it prepares to fully integrate with TM Cellular to eventually become a larger and stronger entity.
2002 merupakan tahun di mana Syarikat kita telah berjaya mengharungi cabaran dalam usaha menetapkan haluan yang baru. Hasil dari kekuatan yang diperolehi dari peristiwa dan pengalaman sepanjang 12 bulan lalu, Celcom kini telah mengorak langkah yang lebih bersemangat dan bertenaga sambil bersiap sedia untuk bergabung dengan TM Cellular sebagai sebuah entiti yang lebih besar dan kukuh.

[4]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Dear Shareholders & Partners,

The real measure of success lies in a board and management which adhere to good governance, to procedures and transparency, checks and balances, the best standards of professionalism and integrity and an internal audit function fully independent of management.

The past year has been a highly eventful one for your Company. As its new Chairman, it is my pleasure to present this annual report to you, and to highlight the achievements and challenges over the past year – and beyond. The much needed recapitalisation and restructuring exercise was duly completed during the year, and the Company finally managed to extricate itself from the highly indebted situation it got itself into. On 10 October 2002, Celcom (Malaysia) Berhad [Celcom] took the place of Technology Resources Industries Berhad as your listed Company on the Kuala Lumpur Stock Exchange, reflecting better identification of public name with brand and operating activity. There was a struggle for control of your Company and, finally, the previous controlling shareholders departed. The new, single largest shareholder Telekom Malaysia Berhad (TMB) appointed their nominees to the board on 3 July 2002, signaling the beginning of TMB coming to steer your Company and its appointees forward. The board under my chairmanship, unfortunately, discovered a number of irregularities from the past, which had to be addressed and put right. The events surrounding this process captured public interest and imagination, and the Company’s past threatened to define its present and future. The board has, however, been able to finally ensure that all action against past irregularities was swiftly taken, while the lesson was learned and measures put into place to protect the future against repetition of such irregularities.

Pemegang Saham dan Rakan Kongsi yang saya hormati,

Tahun lalu merupakan tahun yang penuh dengan peristiwa bermakna bagi Syarikat anda.Sebagai Pengerusi Syarikat anda yang baru, saya amat berbesar hati untuk membentangkan Laporan Tahunan ini serta berkongsi pencapaian dan cabaran yang dilalui sepanjang tahun – dan seterusnya. Proses penstrukturan dan permodalan semula siap dilaksanakan dan Syarikat akhirnya berjaya menyelesaikan masalah hutang yang dihadapinya. Pada 10 Oktober 2002, Celcom (Malaysia) Berhad [Celcom] mengambil alih tempat Technology Resources Industries Berhad sebagai Syarikat yang disenaraikan di Bursa Saham Kuala Lumpur, di mana jenama dan aktiviti operasi dapat dikenali dengan lebih baik oleh orang awam. Berlakunya perebutan kuasa untuk menguasai Syarikat anda tetapi akhirnya pemegang-pemegang saham yang lalu beredar. Telekom Malaysia Berhad (TMB) sebagai pemegang saham baru dan terbesar melantik nomini mereka ke lembaga pengarah pada 3 Julai 2002 menandakan bermulanya penguasaan TMB ke atas Syarikat anda. Dukacita dimaklumkan bahawa, lembaga pengarah di bawah kepimpinan saya, telah mendapati beberapa penyelewengan yang dilakukan pada masa lalu, yang harus ditangani dan diperbetulkan. Proses membetulkan kesilapan ini menarik perhatian umum dan kisah lampau Syarikat dikhuatiri akan memberi kesan di masa ini dan akan datang. Walau bagaimanapun, lembaga pengarah telah berjaya mengambil tindakan ke atas penyelewengan yang dilakukan pada masa lalu dan mengambil iktibar darinya serta memastikan ianya tidak akan berulang. Namun ia nampak mudah untuk diperkatakan. Sebenarnya, ukuran

Sebenarnya, ukuran sesuatu kejayaan itu terletak kepada lembaga pengarah dan pengurusan yang mematuhi tadbir urus korporat yang baik, prosedur dan ketelusan, sekatan dan imbangan, profesionalisme dan integriti – audit dalaman yang benar-benar bebas dari pihak pengurusan.

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[5]

For the telecommunication industry, the growth prospects are even better. The industry anticipates a double digit growth within the mobile sector over the next three years.

These things are easy to say. The real measure of success lies in a board and management which adhere to good governance, to procedures and transparency, checks and balances, the best standards of professionalism and integrity and an internal audit function fully independent of management. This is the challenge even as the Company strives to attain its business objectives. Like in everything else, a good and strong foundation is essential. A new Group Chief Executive Officer was appointed in September and, while he built the management and defined the business objectives, the intention was also to ensure a transparency and accountability of management to the Chairman and the Board of Directors, who represent the shareholders of the Company and, indeed, are directly answerable to them. It is important that this is well appreciated even as the Company strikes out to return to its previous pole position in the mobile telecommunications industry, and to achieve greater heights of excellence with the acquisition of TM Cellular Sdn Bhd and with the integration of the two companies and businesses.

sesuatu kejayaan itu terletak kepada lembaga pengarah dan pengurusan yang mematuhi tadbir urus korporat yang baik, prosedur dan ketelusan, sekatan dan imbangan, profesionalisme dan integriti – audit dalaman yang benarbenar bebas dari pihak pengurusan. Inilah cabarannya sambil Syarikat berusaha mencapai objektif perniagaan. Sepertimana biasa, asas yang baik dan kukuh amatlah penting. Seorang Ketua Pegawai Eksekutif Kumpulan yang baru dilantik pada bulan September dan selain dari membentuk pasukan pengurusan dan objektif perniagaan, perlantikan tersebut juga adalah untuk memastikan ketelusan dan akauntabiliti pengurusan kepada Pengerusi dan ahli-ahli Lembaga Pengarah, yang mewakili pemegangpemegang saham Syarikat dan juga bertanggungjawab kepada mereka. Adalah penting langkah tersebut dihayati lebih-lebih lagi sewaktu Syarikat berusaha untuk merampas semula kedudukan teratas di dalam industri telekomunikasi mudah alih serta mencapai kecemerlangan lebih tinggi dengan pengambilalihan TM Cellular Sdn Bhd dan penggabungan dua syarikat tersebut.
Integrasi Celcom dan TM Cellular

Bagi industri telekomunikasi pula, prospek pertumbuhan adalah lebih baik lagi. Industri menjangkakan pertumbuhan dua angka dalam sektor telekomunikasi mudah alih dalam jangka masa tiga tahun akan datang.

Integration of Celcom and TM Cellular
On 28 October, Celcom signed the Sale and Purchase Agreement (S&P) with TMB for the acquisition of TM Cellular for a purchase consideration of RM1.68 billion. The signing of the S&P paves the way for the integration of Celcom and TM Cellular which will culminate in the creation of an enlarged Celcom Group with at least 41 per cent of Malaysia’s mobile subscriber market. Since November 2002, a Joint Integration Steering Committee and an Integration Management Office

Pada 28 Oktober 2002 Celcom telah menandatangani satu Perjanjian Jual Beli bagi pengambilalihan TM Cellular yang bernilai sebanyak RM1.68 bilion. Perjanjian Jual Beli tersebut telah membuka jalan bagi penggabungan di antara Celcom dan TM Cellular, di mana akan wujudnya Kumpulan Celcom yang lebih besar yang menguasai sekurangkurangnya 41 peratus pasaran mudahalih Malaysia. Semenjak November 2002, satu Jawatankuasa Bertindak Integrasi Bersama dan Integrasi Pengurusan Pejabat telah diwujudkan untuk membimbing dan mempermudah gabungan kedua-dua buah entiti. Jawatankuasa Bertindak dan Pengurusan Pejabat terdiri daripada

[6]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

The potential synergies of the merger are promising, both for the business and for customers alike.

were set up to facilitate a smooth and successful integration of the two entities. The Committee and Integration Office comprise leaders and key personnel from TMB, Celcom and TM Cellular, with the Integration Office headed by the Group Chief Executive Officer of Celcom.

ketua dan kakitangan penting dari TMB, Celcom dan TM Cellular, dengan Integrasi Pengurusan Pejabat diketuai oleh Ketua Pegawai Eksekutif Kumpulan Celcom.
Sinergi

Synergies

Potensi daripada sinergi penggabungan ini adalah memberangsangkan bagi perniagaan dan para pelanggan.

The potential synergies of the merger are promising, both for the business and for customers alike. Celcom expects to derive significant advantages of scale, revenue enhancements and operating cost savings as a result of the integration. Immediate benefits can be anticipated in areas such as:

Potensi daripada sinergi penggabungan ini adalah memberangsangkan bagi perniagan dan para pelanggan.Celcom dijangka mendapat kelebihan dari segi peningkatan hasil dan penjimatan kos operasi. Faedah segera dijangka diperolehi dalam bidang-bidang seperti:
a. Jumlah Pelanggan

a. Customer Base
The combination of Celcom’s over two million customers and TM Cellular’s over one million customers will put the merged entity in the leading market position in terms of customer base.

Penggabungan lebih dua juta orang pelanggan Celcom dengan lebih satu juta orang pelanggan TM Cellular akan menjadikan entiti yang bergabung ini sebagai pendahulu pasaran dari segi jumlah pelanggan.
b. Infrastruktur Rangkaian

b. Network Infrastructure
The merged entity will have an enhanced and expanded network infrastructure affording its customers with the most comprehensive network coverage in the country.

Penggabungan ini akan menghasilkan infrastruktur rangkaian yang lebih meluas, memberi pelanggan liputan rangkaian yang paling komprehensif di dalam negara.
c. Kualiti Rangkaian

c. Network Quality
Along with an expanded infrastructure, customers will enjoy a higher level of network quality through the rationalization of TM TOUCH’s PCN-1800 bandwidth with Celcom’s GMS-900 bandwidth.

Dengan infrastruktur yang lebih meluas, para pelanggan akan menikmati kualiti rangkaian yang lebih tinggi mengoptimumkan gelombang PCN-1800 TMTOUCH dan GSM-900 Celcom.
d. Produk dan Perkhidmatan

Penggabungan entiti akan menawarkan produk dan perkhidmatan yang lebih komprehensif dan luas.
e. Rangkaian Pengedaran

d. Products and Services
The merged entity will have a comprehensive and expanded stable of products and services.

e. Distribution Network
The merger will expand the distribution network and channels, a key factor in the marketing of the merged entity’s products and services.

Penggabungan ini akan memperluaskan rangkaian pengedaran dan saluran, satu faktor penting di dalam pemasaran produk dan perkhidmatan entiti yang bergabung itu.

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[7]

f. Talent and Productivity

f. Keupayaan dan Produktiviti

...the biggest challenge we face as we strive to successfully combine two entities, is to exceed the expectations of our stakeholders, which include our shareholders, our customers, our employees and business partners.

The merger will enlarge the pool of talent and knowledge, that will make a crucial contribution to our future success.

Penggabungan ini akan memperluaskan keupayaan dan pengetahuan kita, yang memberi sumbangan penting pada kejayaan kita di masa hadapan.
Cabaran

Challenges
Like in any merger exercise, the biggest challenge we face as we strive to successfully combine two entities, is to exceed the expectations of our stakeholders, which include our shareholders, our customers, our employees and business partners. While the ultimate goal is to increase shareholder value through creating a larger, stronger and more competitive Celcom Group, we are equally mindful of the critical need to provide a consistently high level of quality, uninterrupted service to our customers. Where employees are concerned, it is our intention to retain the best of talents, who will ultimately contribute to the future success of the Group. We will therefore see to it that every effort is put in to ensure the welfare of this most important asset of the Company – our employees throughout the process of the integration and beyond.

...cabaran utama yang kita hadapi dalam usaha menyatukan dua entiti tersebut, adalah untuk melampaui jangkaan pemegang amanah kita yang terdiri daripada pemegang saham, pelanggan, kakitangan dan rakan niaga kita.

Sepertimana proses penggabungan yang lain, cabaran utama yang kita hadapi dalam usaha menyatukan dua entiti tersebut, adalah untuk melampaui jangkaan pemegang amanah kita yang terdiri daripada pemegang saham, pelanggan, kakitangan dan rakan niaga kita. Walaupun matlamat utama ialah untuk meningkatkan nilai pemegang saham menerusi pembentukan Kumpulan Celcom yang lebih besar, kukuh dan kompetitif, kita juga sedar tentang betapa perlunya memberi perkhidmatan berkualiti tinggi tanpa gangguan kepada pelanggan kita. Dari segi kakitangan pula, adalah menjadi hasrat kita untuk mengekalkan mereka yang terbaik, yang akan menyumbang kepada kejayaan Kumpulan pada masa hadapan. Oleh itu, kita akan memastikan agar setiap usaha dilakukan bagi memastikan kebajikan kakitangan, yakni aset terpenting Syarikat – dijaga di sepanjang proses integrasi ini.
Prestasi Kewangan

Financial Performance
Your Company managed to squeak in a small after tax profit of RM32.9 million after the losses of the past years. It is by no means a considerable achievement but will hopefully, mark a turning point in your Company’s financial performance. Group turnover however fell by 6 per cent from RM2.6 billion in 2001 to RM2.4 billion in 2002, mainly because of a decline in the number of subscribers. This decline was in part, due to a clean-up of unprofitable customers. The lower revenue recorded was also reflective of the

Syarikat anda berjaya mencatat keuntungan selepas cukai sebanyak RM32.9 juta setelah mengalami kerugian pada tahun-tahun sebelumnya. Ia bukanlah pencapaian yang amat menggalakkan tetapi diharap ia dapat membawa perubahan kepada pretasi kewangan Syarikat. Pusing ganti Kumpulan turun 6 peratus dari RM2.6 bilion pada 2001 kepada RM2.4 bilion pada 2002, disebabkan pengurangan jumlah pelanggan. Pengurangan ini adalah sebahagian daripada proses menamatkan

[8]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

The future of Celcom is more promising than ever. The creation of one brand, with the forthcoming integration of TM Cellular, will afford Celcom the benefit of continued brand equity growth even as it optimises the added strength and potential of TM Cellular.

deconsolidated revenue contribution from Celcom’s operations in Tanzania and Bangladesh. The Group reported a loss before tax of RM98.1 million in 2002, as compared to a loss before tax of RM68.1 million in the preceding year. The higher loss before tax was a result of provisions for impairment of assets and the write-offs of non-GSM plant and equipment. On a more positive note, operating expenses decreased as a result of a lower provision for bad debts and lower staff costs following a manpower rationalization programme in March 2002. The Group’s cash position improved significantly from RM377 million in 2001 to RM652 million in 2002.

pelanggan-pelanggan yang tidak membawa keuntungan. Hasil yang kurang adalah disebabkan hasil yang tidak terkumpul dari operasi Celcom di Tanzania dan Bangladesh. Kumpulan mencatat kerugian sebelum cukai sebanyak RM98.1 juta pada 2002, berbanding dengan kerugian sebelum cukai sebanyak RM68.1 juta pada tahun sebelumnya. Kerugian sebelum cukai yang tinggi adalah disebabkan oleh peruntukan bagi aset yang rosak dan melupuskan peralatan dan stesen bukan GSM. Dari sudut positif, perbelanjaan operasi menurun hasil dari peruntukan rendah terhadap hutang lapuk dan kos kakitangan yang rendah setelah program penyusunan sumber manusia dilakukan pada Mac 2002. Kumpulan juga melihat kedudukan tunainya yang lebih kukuh daripada RM377 juta pada 2001 kepada RM652 juta pada 2002.
Maju Ke hadapan

Masa depan Celcom khususnya adalah semakin cerah. Pembentukan satu jenama dengan mengintegrasikan TM Cellular akan memberi manfaat kepada Celcom dari segi perkembangan ekuiti jenama sambil ia mengoptimumkan kekuatan dan potensi TM Cellular.

Moving Forward
Despite an uncertain international political and economic environment, the prospects for the Malaysian economy remain good, with bottomline GDP growth of 4.5 per cent expected. For the telecommunication industry, the growth prospects are even better. The industry anticipates a double digit growth within the mobile sector over the next three years. According to a report by ING Barings (Malaysia: Asian Telecom Strategy, March 2003), mobile subscriber growth should remain buoyant at a Compounded Annual Growth Rate of 13 percent over Financial Years 2002-2005, even if penetration has reached 36 per cent. In their view, the threat of new entrants in the Malaysian mobile market is extremely low, given the consolidation process that is taking place. The future of Celcom in particular is more promising than ever. The creation of one brand, with the forthcoming integration of TM

Walaupun keadaan ekonomi dan politik antarabangsa tidak menentu, prospek ekonomi Malaysia masih baik, dengan jangkaan pertumbuhan KDNK sebanyak 4.5 peratus. Bagi industri telekomunikasi pula, prospek pertumbuhan adalah lebih baik lagi. Industri menjangkakan pertumbuhan dua angka dalam sektor telekomunikasi mudah alih dalam jangka masa tiga tahun akan datang. Menurut laporan ING Barings (Malaysia: Asian Telecom Strategy, Mac 2003), jumlah pelanggan mudah alih akan terus meningkat pada Kadar Pertumbuhan Tahunan sebanyak 13 peratus bagi tahun kewangan 2002-2005, walaupun penggunaan telah mencecah 36 peratus. Menurutnya lagi, ancaman syarikatsyarikat baru dalam pasaran mudah alih Malaysia adalah rendah, memandangkan proses penggabungan yang sedang berlaku.

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[9]

I am confident that with the renewed vigour and spirit, Celcom will go on to become a truly significant force in the mobile telecommunications sector.

Cellular, will afford Celcom the benefit of continued brand equity growth even as it optimises the added strength and potential of TM Cellular. Indeed, upon the successful integration of the two companies, your Company can look forward to maximizing the potential of an enlarged Celcom group and ultimately create better value for shareholders. On that positive note, I would like to assure all valued shareholders and stakeholders that your Company has embarked on a journey to rejuvenate and revitalize even as it prepares to fully integrate with TM Cellular to eventually become a larger and stronger entity. I am confident that with the renewed vigour and spirit, Celcom will go on to become a truly significant force in the mobile telecommunications sector.

Masa depan Celcom khususnya adalah semakin cerah. Pembetukan satu jenama dengan mengintegrasikan TM Cellular akan memberi manfaat kepada Celcom dari segi perkembangan ekuiti jenama sambil ia mengoptimumkan kekuatan dan potensi TM Cellular. Sudah tentu dengan berjayanya integrasi kedua Syarikat nanti, Syarikat anda akan dapat memaksimumkan potensi kumpulan Celcom yang lebih besar dan seterusnya memberi nilai lebih baik kepada pemegang-pemegang saham. Justera itu, saya ingin meyakinkan semua pemegang saham dan pemegang amanah yang dihargai bahawa Syarikat anda telah mengorak langkah untuk menyuntik semangat baru disamping ia bersiap-sedia untuk bergabung dengan TM Cellular dan menjadi sebuah entiti yang lebih besar dan kukuh. Saya yakin bahawa dengan semangat dan keazaman baru, Celcom akan menjadi suatu kuasa yang benar-benar berpengaruh dalam sektor telekomunikasi mudah alih.
Penghargaan

Saya yakin bahawa dengan semangat dan keazaman baru, Celcom akan menjadi suatu kuasa yang benar-benar berpengaruh dalam sektor telekomunikasi mudah alih.

Appreciation
In closing, I would like to place on record my appreciation to the Company’s shareholders, our valued customers, employees and business partners, without whose support, the Company would not have been able to successfully ride the many changes, overcome the challenges and achieved the many successes in the past year. I also wish to record a special word of thanks and appreciation to my fellow members of the board. Their hard work and commitment have seen the Company through some of the most challenging moments. I am grateful to them for their support and encouragement.

Akhir kata, saya ingin memberi penghargaan yang tinggi kepada pemegang-pemegang saham Syarikat, para pelanggan kita, kakitangan dan rakan kongsi kita, yang mana tanpa sokongan mereka, Syarikat tidak akan dapat melalui perubahan, menangani cabaran serta mengecapi banyak pencapaian di sepanjang tahun lalu. Saya juga ingin mengucapkan terima kasih khasnya kepada semua ahli Lembaga Pengarah. Usaha keras dan komitmen mereka kepada Syarikat telah berjaya membawa Celcom melalui beberapa detik yang sukar. Saya amat terhutang budi di atas sokongan dan galakan mereka.

[ 10 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Finally but not lastly, my gratitude goes to all relevant authorities, the Ministry of Energy, Communications and Multimedia, the Malaysian Commission of Multimedia and Communication, the Kuala Lumpur Stock Exchange, the Securities Commission, government departments and all other agencies as well as members of the media for their support, co-operation and understanding all of which helped to contribute to the growth and development of Celcom.

Tidak ketinggalan juga, setinggi-tinggi penghargaan saya kepada semua pihak berkuasa yang berkenaan, Kementerian Tenaga, Komunikasi dan Multimedia, Suruhanjaya Multimedia dan Komunikasi Malaysia, Bursa Saham Kuala Lumpur, Suruhanjaya Sekuriti dan pelbagai agensi dan jabatan kerajaan termasuk pihak media di atas sokongan, kerjasama dan timbang rasa mereka yang membantu pertumbuhan dan perkembangan Celcom.

Dato’ Dr. Mohd Munir bin Abdul Majid Chairman Pengerusi

Celcom (Malaysia) Berhad

(167469-A)

OPERATIONS REVIEW ULASAN OPERASI

[ 12 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

OPERATIONS REVIEW
ULASAN OPERASI

Dato’ Mohamed Yunus Ramli bin Abbas

The impending business intergration of Celcom and TM Cellular Sdn Bhd will, at a stroke, propel Celcom to the forefront of the mobile communications industry in terms of network coverage, capacity and customer base.We will leverage the power of two networks to reclaim supremacy in the market, and work towards a unified brand with a refreshed and revitalised spirit, to become the most dynamic mobile communications force in the country.

Penggabungan perniagaan di antara Celcom dan TM Cellular Sdn Bhd yang bakal berlaku, secara langsung akan menggerakkan Celcom ke hadapan di dalam industri komunikasi mudah-alih dari segi liputan rangkaian, kapasiti dan jumlah pelanggan. Kita akan menggunakan kelebihan kekuatan kedua-dua rangkaian yang disatukan ini untuk menguasai semula pasaran, dan berusaha ke arah suatu jenama yang disatukan dengan semangat yang segar dan kembali bertenaga, bagi menjadi kuasa komunikasi mudah-alih yang paling dinamik di dalam negara.

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 13 ]

In 2002, Celcom turned a chapter and made a new beginning, with a vision to become the finest enterprise in the country. Despite the many challenges and changes during the year, I am delighted to say that 2002 saw your Company take the first steps towards realising its vision. We put strategies in place to enable us to compete more effectively in the market. We began to turn the tide back from managing customer complaints to delighting customers. More significantly, we started to rebuild our brand and refresh our image to project a more energetic and vibrant Celcom. We introduced imaginative and customer-focused product packages that transformed the dynamics of the market. We segmented and positioned our products and services to match the needs and aspirations of our customers. To achieve operational and cost efficiencies, we have started to review and revamp our systems and processes. By improving efficiencies, we will further maximise stakeholder value, increase revenue and reduce cost. We continue to recognise that people are our most important asset. Hence, we will continue to energise them by clearly communicating our new goals and directions and rewarding performance and achievement. In the same way, we will nurture our business partners by sharing with them our long-term goals so that we may achieve mutual success.

Pada tahun 2002, Celcom membuka suatu lembaran serta mengorak langkah baru, dengan satu visi untuk menjadi syarikat terbaik di dalam negara. Biarpun banyak cabaran dan perubahan sepanjang tahun, saya amat berbangga untuk menyatakan 2002 memperlihatkan Syarikat anda mengambil langkah pertama untuk merealisasikan visinya. Kita menrangka strategi yang berkesan untuk membolehkan kita bersaing secara lebih efektif di dalam pasaran. Kita mula mengubah arus dari mengurus aduan pelanggan kepada memenuhi kehendak pelanggan. Lebih penting, kita mula membangunkan semula jenama kita dan memulihkan imej kita untuk memperlihatkan Celcom yang lebih bertenaga dan bersemangat. Kita memperkenalkan pakej produk yang imaginatif dan fokus-pelanggan yang mana mengubah dinamik pasaran. Kita membahagi dan meletakkan produk dan perkhidmatan kita pagi memadankannya dengan keperluan dan aspirasi pelanggan kita. Untuk mencapai kecekapan operasi dan kos, kita telah mula membaik pulih sistem dan proses kerja kita. Dengan meningkatkan kecekapan, kita akan dapat memaksimumkan nilai pemegang amanah, meningkatkan pendapatan dan mengurangkan kos. Kita sentiasa sedar bahawa sumber manusia adalah aset yang paling penting. Dengan demikian, kita akan terus memberi semangat kepada mereka dengan menyampaikan matlamat dan arah tuju kita yang baru secara jelas, dan menghargai kejayaan dan pencapaian. Pada masa yang sama, kita akan memupuk rakan niaga kita dengan berkongsi matlamat jangka panjang kita, supaya kita boleh mencapai kejayaan bersama.

The Celcom brand symbolises the spirit of freedom, aspiration, confidence, dynamism, timelessness, universality and globalism.

Jenama Celcom melambangkan semangat kebebasan, aspirasi, keyakinan, dinamisme, kesejagatan dan globalisme tanpa mengira batasan masa.

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LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Corporate Planning & Strategy
The proposed acquisition of TM Cellular is in line with Celcom’s aim of becoming Malaysia’s premier mobile communications company. Nonetheless, the merger exercise remains the biggest outstanding risk that Celcom has to conscientiously mitigate over the next two years. It is therefore essential that areas such as customer care, service delivery, network and infrastructure and human resources are meticulously reviewed to ensure the successful implementation of the integration exercise, with minimal disruption to our day-to-day operations, or to the confidence of our customers and stakeholders. To facilitate the successful business integration of Celcom and TM Cellular, the Company has ensured that all the necessary integration plans are in place and ready to be implemented. Celcom and TM Cellular have been working in close collaboration to formulate unified strategies including a financial model and a corporate structure for the integrated entity. The integration of Celcom and TM Cellular is targeted to be completed by the first quarter of 2003, while Phase 1 of the operational integration of the two entities under a unified management team is expected to be implemented by the third quarter.

Perancangan Korporat dan Strategi

Pembelian TM Cellular yang dicadangkan adalah selaras dengan matlamat Celcom untuk menjadi peneraju syarikat komunikasi mudah alih di Malaysia. Namun demikian, penggabungan tersebut terus menjadi risiko terbesar yang mana Celcom perlu menanganinya dalam tempoh dua tahun akan datang. Dengan itu, adalah penting bagi bahagian seperti khidmat pelanggan, penyampaian perkhidmatan, rangkaian dan infrastruktur dan sumber tenaga manusia dikaji semula secara teliti untuk memastikan kejayaan perlaksanaan integrasi, dengan gangguan yang minimum kepada operasi seharian atau kepada keyakinan pelanggan dan pemegang saham kita. Bagi mempermudah kejayaan integrasi perniagaan Celcom dan TM Cellular, Syarikat telah memastikan bahawa segala rancangan integrasi berjalan lancar dan sedia untuk dilaksanakan. Celcom dan TM Cellular telah bekerjasama rapat untuk merumuskan strategi kerjasama termasuk satu model kewangan dan struktur korporat bagi entiti integrasi tersebut. Integrasi Celcom dan TM Cellular ini disasarkan untuk siap di dalam suku pertama 2003, sementara Fasa 1 operasi integrasi dua entiti di bawah satu pasukan pengurusan dijangka dilaksanakan pada suku ketiga.
Pemasaran

Marketing
Recognising the diverse lifestyles of prepaid customers, Celcom launched three new uniquely designed prepaid packages in November 2002. Xcel, Xceed and Xplore offer prepaid customers, for the first time ever, distinct choices to meet their individual communication needs. Combining innovation with competitive pricing, these packages

Dengan mengenal pasti pelbagai gaya hidup para pelanggan pra-bayar, Celcom melancarkan tiga pakej pra-bayar baru yang direkabentuk unik pada November 2002. Buat pertama kalinya, Xcel, Xceed dan Xplore menawarkan para pelanggan pra-bayar pilihan yang nyata dalam memenuhi keperluan komunikasi individu mereka. Menggabungkan inovasi dengan harga yang kompetitif, pakej-pakej ini memberi semangat baru kepada pelbagai produk Celcom. Tiga pakej ini bertujuan untuk menawan

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 15 ]

Providing a consistently high level of network quality and performance is an integral part of our efforts to delight our customers. Hence the continual investment in our network management facilities.

Penyediaan kualiti dan prestasi rangkaian yang bermutu tinggi adalah merupakan usaha penting kami dalam memenuhi kehendak pelanggan. Oleh itu, pelaburan dalam kemudahan pengurusan rangkaian akan kami teruskan.

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LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

We aim to make Celcom a truly global Malaysian brand. We aim to serve the myriad needs of our customers who come from all walks of life.

Kami berusaha untuk menjadikan Celcom suatu jenama Malaysia yang bertaraf dunia. Kami akan memenuhi pelbagai kehendak pelanggan-pelanggan kami yang terdiri dari setiap golongan masyarakat.

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 17 ]

represent a major rejuvenation of Celcom’s product range. The three packages aim to capture premium and high growth customers, to attract mass market customers, and to regain lost customers. In addition, Celcom initiated a series of highly effective marketing strategies in 2002, including closing business deals expeditiously with major corporations and institutions; working closely with strategic business partners; garnering dealers’ support and commitment; implementing customer loyalty and retention plans and further penetrating the commercial and government sectors.

pelanggan premium dan hasil tinggi, menarik pelanggan di pasaran awam dan mendapatkan semula pelanggan yang telah beralih. Selain dari itu, Celcom telah merintis berbagai siri strategi pemasaran yang amat berkesan pada tahun 2002, termasuk menyempurnakan sebarang urusan perniagaan dengan syarikat korporat utama dan institusi; berkerjasama dengan rakan kongsi yang strategik, meningkat sokongan dan komitmen pengedar, melaksanakan kesetiaan pelanggan dan rancangan pengekalan dan menembusi sektor komersil dan kerajaan.
Perniagaan Antarabangsa dan Usaha Niaga

We continue to lead the industry in product innovation.

Kami terus menerajui industri di dalam inovasi produk.

International Business and Ventures
In September 2002, Celcom established a new division called Group International Business and Ventures to drive all businesses related to ventures and consultancy, roaming and carrier & wholesale activities. The division principally evaluates investment proposals and establishes new ventures; manages, protects and enhances Celcom’s investments outside the country as well as provides consultancy services for such ventures. The division also establishes and manages the Company’s agreements; markets and sells domestic and international roaming services to inbound and outbound roamers and develops value added services to enhance roaming facilities. Roaming will not only provide Celcom with a lucrative revenue stream; it will build both brand equity and global presence. Carrier & Wholesale in turn involves tailoring, carriering and wholesaling service bundles to intermediaries to expand the Company’s market.

Pada September 2002, Celcom memperkenalkan satu bahagian baru yang dinamakan Perniagaan Antarabangsa dan Usaha Niaga Kumpulan untuk menggerakkan semua perniagaan yang berkaitan dengan usaha niaga dan perundingan, perantauan dan pengendali dan borongan. Bahagian tersebut menekankan penilaian cadangan pelaburan dan pewujudan usaha niaga baru; pengurusan, perlindungan dan meningkatkan pelaburan Celcom di luar negara dan juga menyediakan perkhidmatan perundingan bagi urus niaga yang berkenaan. Bahagian tersebut juga menyedia dan menguruskan perjanjianperjanjian syarikat; memasarkan dan menjual perkhidmatan perantauan tempatan dan antarabangsa kepada perantauan dalam dan luar sempadan; dan membangunkan perkhidmatan tambah nilai untuk meningkatkan kemudahan perantauan. Perantauan bukan sahaja memberi Celcom aliran pendapatan yang sangat menguntungkan, malahan ia akan membangunkan ekuiti jenama dan memperkenalkannya di peringkat global. Perkhidmatan Pengendali dan Borongan pula terlibat dalam menghubung dan

[ 18 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Customer Care & Service
In line with Celcom’s customer care philosophy of ‘Keeping the Customer Satisfied’, a series of initiatives was implemented in 2002, focusing on processes, systems and above all people. During the year, the Company embarked on training interventions designed to enable Celcom to deliver a higher level of service to customers. Through the introduction of specialised training programmes, Celcom is driving its customer interfacing units towards a culture of service excellence. An Integrated Customer Care System (ICCS), which speeds up the handling of enquiries and complaints and allows Celcom to proactively interact with customers was also introduced. Meanwhile, the Customer Relationship Management System (CRMS) proved invaluable in enabling Celcom to better understand its customers’ profiles and behaviour, and to run highly successful antiattrition campaigns for its GSM Postpaid and Prepaid products. The Company continues to deploy more powerful CRMS tools, to give customers greater value.

pengkhususan perkhidmatan pengendali dan borongan kepada orang tengah bagi memperluaskan pasaran Syarikat.
Perkhidmatan Dan Khidmat Pelanggan

Selaras dengan falsafah khidmat pelanggan Celcom untuk “Terus Memenuhi Kehendak Pelanggan”, pelbagai inisiatif telah dilaksanakan pada tahun 2002, yang tertumpu kepada pelbagai pemprosesan, sistem dan yang paling utama sumber manusia. Sepanjang tahun, Syarikat menjalankan latihan yang bertujuan untuk memberi khidmat yang lebih baik kepada pelanggan. Melalui pengenalan kepada program latihan khas, Celcom menjana unit berhadapan dengan pelanggan ke arah satu budaya khidmat cemerlang. Integrated Customer Care System (ICCS) yang mempercepatkan pengurusan pertanyaan dan aduan dan membolehkan Celcom berinteraksi dengan pelanggan secara proaktif turut diperkenalkan. Sementara itu, Customer Relationship Management System (CRMS) terbukti amat penting bagi membolehkan Celcom memahami profil dan tabiat para pelanggannya, dan melaksanakan kempen anti-penggeseran yang sangat berkesan untuk produk-produk posbayar dan pra-bayar GSM. Syarikat terus menggunakan peralatan CRMS yang lebih berkesan untuk memberi pelanggan nilai yang lebih baik.
Rangkaian

Network
A resilient and reliable network is fundamental to Celcom’s ability to delight its customers. In 2002, the Company added 230 more GSM base stations, bringing the nationwide total to 1,942. Celcom’s transport network also increased, while its fibre optic infrastructure and its microwave network continued to expand rapidly. During the year, the Company made selective investments in technology with good potential; and successfully installed a new system to make its network GPRS-ready. At the same time, the Company continued to work at optimising the network to provide customers with better network quality.

Satu rangkaian yang teguh dan berkesan amat penting kepada keupayaan Celcom untuk memenuhi kehendak para pelanggannya. Pada 2002, Syarikat menambah 230 lagi stesen pusat GSM, menjadikannya jumlah kesemua 1,942 di seluruh negara. Rangkaian pengangkutan Celcom juga meningkat, sementara infrastruktur gentian optik dan rangkaian gelombang mikro terus berkembang secara pesat. Sepanjang tahun, Syarikat telah membuat pelaburan teknologi terpilih

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 19 ]

Our international roaming service serves 82 countries across 6 continents.

Perkhidmatan perantauan antarabangsa kami kini boleh didapati di 82 negara merentasi 6 benua.
In the third quarter, the Company initiated discussions on the integration of its network with TM Cellular. The ultimate aim is to synergise the two companies networks in order to achieve a single high quality and cost effective network. As network integration progresses there will be savings for the Company and customers enjoy the benefits of a larger network. The Company has successfully achieved seamless domestic roaming across Celcom and TM Cellular networks in selected areas. Domestic roaming optimises both networks’ bandwidth capacity and, by reducing system congestion, delivers wider coverage and better network quality to customers. The integration of the two networks will take centre stage in 2003. Network integration will be implemented in stages, with meticulous planning to ensure a smooth migration experience for customers. In 2003, the Company will also continue to expand the network to cater for the expected increase in required capacity.

yang berpotensi baik; dan telah berjaya memasang satu sistem baru bagi menyediakan rangkaian GPRS. Pada masa yang sama, Syarikat meneruskan usaha untuk mengoptimumkan rangkaian bagi memberi kualiti rangkaian yang lebih baik kepada pelanggan. Di dalam suku ketiga, Syarikat telah mengadakan perbincangan bagi mengintegrasikan rangkaiannya dengan TM Cellular. Matlamat utama ialah untuk proses sinergi kedua-dua rangkaian Syarikat bagi mencapai rangkaian tunggal bermutu tinggi dan efektif dari segi kos. Sambil gabungan rangkaian dijalankan, ia akan menghasilkan penjimatan untuk Syarikat dan pelanggan mendapat manfaat dari rangkaian yang lebih besar. Syarikat telah berjaya mencapai perantauan tempatan di antara rangkaian Celcom dan TM Cellular di beberapa tempat tertentu. Perantauan tempatan mengoptimumkan kapasiti kedua-dua gelombang rangkaian dan dengan mengurangkan kesesakan sistem, memberikan liputan yang lebih luas dan bermutu tinggi kepada para pelanggan. Integrasi kedua-dua rangkaian akan diutamakan pada 2003. Integrasi rangkaian akan dilaksanakan berperingkat-peringkat, dengan perancangan yang teliti bagi memastikan para pelanggan mengalami perpindahan yang lancar. Pada 2003, Syarikat akan terus memperluaskan rangkaian bagi memenuhi jangkaan peningkatan kapasiti yang diperlukan.
Produk

Products
Celcom continues to lead the industry in product innovation; and in 2002 Celcom’s products became more

Celcom terus menerajui industri di dalam inovasi produk; dan pada 2002 produk Celcom semakin inovatif dan fokuspelanggan. Di samping memperkenalkan tiga pakej pra-bayar baru, Syarikat juga menawarkan produk inovatif yang lain seperti MSN Mobile Hotmail yang membolehkan pengguna menerima e-mel melalui telefon mudah-alih mereka.

[ 20 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

innovative and customer-focused than ever. In addition to introducing three new prepaid packages, the Company introduced other innovative product offerings such as MSN Mobile Hotmail, which enables mobile phone users to receive e-mails via their mobile phones. Another innovation was Celcom’s Unified Messaging Service. This service gives customers access to all their messages, whatever the format, via whatever communications device they are using. In 2002, Celcom also became the first Malaysian communications company to offer Chinese content SMS. In addition, Celcom successfully introduced, on a trial basis, both Multimedia Messaging Service (MMS) and General Packet Radio Service (GPRS). To delight customers and further bridge the digital divide, Celcom will continue to be aggressive in introducing meaningful products and services; and already has a series of advanced business mobile communications solutions and products in the pipeline. The Company will make extensive use of market research to ensure that the products, contents and services it develops meet real customer needs and desires. With the imminent merger of the businesses of Celcom and TM Cellular, 2003 will see a pooling of resources to achieve economies of scale which will boost our competitive edge in an increasingly saturated market. Celcom will continue to upgrade systems and equipment to cater to an increased customer base.

Satu lagi inovasi adalah Perkhidmatan Penyatuan Mesej Celcom. Perkhidmatan ini membolehkan para pelanggan membaca semua mesej mereka, dalam apa jua format, melalui internet. Pada 2002, Celcom juga menjadi Syarikat telekomunikasi pertama di Malaysia yang menawarkan Perkhidmatan Pesanan Ringkas (SMS) dalam bahasa Cina. Sebagai tambahan, Celcom telah berjaya memperkenalkan, secara percubaan, kedua-dua Perkhidmatan Pesanan Multimedia (MMS) dan Perkhidmatan Radio Paket Awam (GPRS). Bagi menyenangkan para pelanggan dan merapat jurang digital, Celcom akan terus agresif di dalam memperkenalkan produk-produk dan perkhidmatan yang bermakna; dan akan mempunyai siri penyelesaian dan produk komunikasi mudah-alih perniagaan termaju yang akan diperkenalkan nanti. Syarikat akan menggunakan secara luas penyelidikan pasaran bagi memastikan semua produk, kandungan dan perkhidmatan yang dibangunkan memenuhi keperluan dan keinginan pelanggan sebenarnya. Dengan penggabungan perniagaan Celcom dan TM Cellular yang bakal menjelang, 2003 akan menyaksikan penggabungan sumber untuk mencapai ekonomi bidangan yang akan menggalakkan kemampuan kita untuk bersaing di dalam pasaran yang semakin sengit. Celcom akan terus menaiktaraf sistem dan kelengkapan untuk memenuhi keperluan jumlah pelanggan yang semakin meningkat.
Jenama

We aim to delight our customers by introducing meaningful products and services. We aim to delight them in every aspect of our services.

Branding
We are building a brand that symbolizes the spirit of freedom, aspiration, confidence, dynamism, timelessness, universality and

Celcom sedang membina satu jenama yang melambangkan semangat kebebasan, aspirasi, keyakinan, dinamisme, kesejagatan dan globalisme tanpa mengira batasan masa. Sepanjang tahun, Syarikat berjaya meletakkan Celcom sebagai penyedia sistem penyelesaian mudah-alih terulung di Malaysia: satu Syarikat yang berusaha

Kami berusaha ke arah memenuhi kehendak pelanggan dengan menawarkan produk dan perkhidmatan yang bermakna buat mereka. Kami akan memberi yang terbaik dalam setiap aspek perniagaan kami.

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN 2002 ANNUAL REPORT

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globalism. During the year, the Company successfully repositioned Celcom as Malaysia’s premier mobility solutions provider: a Company that strives to enhance the quality of life of every man, woman and child by empowering them with the liberating flexibility of mobile communications. Celcom seeks to enable its customers to become citizens of the world by removing the barriers of distance, time and geographical boundaries. However, the revitalisation of the brand is not just about repositioning. It is about building an identity that pervades every element of the business – the management and staff, its products and services and its systems and processes – so that eventually the brand promise will be expressed in everything the Company does. In 2003 the Company’s priorities will be to build brand equity; communicate the compelling reasons that make Celcom a preferred brand of choice; project Celcom as a company that gives consumers the freedom to choose the way they get into mobile and grow a brand position that appeals to the mass market.

meningkatkan mutu kehidupan setiap insan lelaki, wanita dan kanak-kanak dengan memberi kelebihan kepada mereka melalui kebebasan fleksibiliti komunikasi mudah-alih. Celcom berhasrat membolehkan para pelanggannya menjadi warganegara dunia dengan merentasi halangan jarak, masa dan sempadan geografi. Walau bagaimanapun, untuk menggiat semula jenama bukan semata-mata mengenai posisi semula. Ia mengenai pembinaan satu identiti yang meresap ke dalam setiap - pengurusan dan kakitangan, produk dan perkhidmatan dan sistem serta proses kerja – agar akhirnya jenama tersebut dapat dijelmakan di dalam semua perkara yang lakukan oleh Syarikat. Pada 2003, keutamaan Syarikat adalah untuk membina ekuiti jenama; menyebarkan maklumat yang menjadikan Celcom jenama pilihan, memperlihatkan Celcom sebagai Syarikat yang memberi para pelanggan kebebasan untuk memilih cara mereka mengunakan sistem mudah-alih dan mengembangkan posisi jenama yang menarik di pasaran umum.
Sumber Tenaga Manusia

Human Resources
The Company is committed to building its people into a single, talented, dedicated team united and focused around a common vision. This involves managing organisational learning, succession planning, talent management, and performance-based recognition and reward, in order to harness the employees’ true potential and propel Celcom to greater heights. Following the initial phase of Reinventing Celcom, in December 2001, the Company initiated a Manpower Rationalisation Programme (MRP). The second phase of the MRP was offered in April 2002 and was accepted by over 40 per cent of the workforce. Following the MRP, Celcom’s first priority was to close the resulting critical functional competency gaps by introducing structured training programmes. To support the Company’s long-term objective of becoming a model employer, an E-Learning programme aimed at cultivating a new learning culture and continually increasing the population of knowledged workers in Celcom was launched. With knowledge fast becoming the most critical factor in achieving high levels of productivity and competitiveness, the Company also embarked on a knowledge management initiative to harness the organisation’s intellectual capital. The

Syarikat komited untuk membina kakitangan Celcom sebagai satu pasukan yang berbakat, pasukan berdedikasi yang bersatu dan fokus kepada visi yang sama. Ini termasuk menguruskan pembelajaran organisasi, perancangan pewaris, pengurusan bakat, dan pengiktirafan dan ganjaran berdasarkan prestasi, bagi memperkukuhkan potensi sebenar pekerja dan menggerakkan Celcom ke peringkat yang lebih tinggi. Berikutan dengan fasa pertama pembentukan semula Celcom, dalam bulan Disember 2001, Syarikat telah memulakan Program Memperkemaskan Sumber Manusia (MRP). Fasa kedua (MRP) ditawarkan pada bulan April 2002 dan diterima oleh lebih 40 peratus tenaga kerja. Berikutan dengan MRP, Celcom merapatkan jurang fungsi kebolehan yang kritikal dengan memperkenalkan program latihan yang distrukturkan. Bagi menyokong objektif jangka panjang Syarikat untuk menjadi majikan model, satu program E-pembelajaran yang menumpukan kepada menanam budaya pembelajaran baru dan sentiasa menambah populasi pekerja yang berpengetahuan di Celcom telah dilancarkan. Disebabkan pengetahuan menjadi faktor utama di dalam mencapai tahap produktiviti dan daya saing yang tinggi. Syarikat juga menumpu kepada inisiatif pengurusan pengetahuan bagi memperkukuhkan modal intelektual organisasi. Inisiatif itu yang dikenali sebagai projek K-Celcom, memupuk budaya penciptaan, pemerolehan dan perkongsian pengetahuan. Dengan penggabungan perniagaan di antara Celcom dan TM Cellular yang akan datang, integrasi budaya adalah amat penting dan Bahagian Sumber Manusia Syarikat akan memainkan peranan penting di dalam memudahkan dan

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LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

initiative known as the K-Celcom project, aims to foster a culture of knowledge creation, acquisition and sharing. With the impending business merger of Celcom and TM Cellular, cultural integration will be of vital importance and the Company’s Human Resource Division will play a key role in easing and accelerating the process, so as to enable the merged operations to focus on achieving its goals.

mempercepatkan proses tersebut, supaya membolehkan operasi yang digabungkan itu dapat memfokus kepada pencapaian matlamatnya.

Teknologi Maklumat

Information Technology
In 2002, the Company undertook a major review of its IT and billing processes so as to minimize revenue leakage, increase revenue collection and prevent fraud. The Company also took steps to stabilize its billing system and enhance reporting services to support Celcom’s marketing and planning functions. In 2003, Celcom will strive to enhance the billing system to better serve customers. This will involve upgrading the system and introducing a dealer's portal enabling dealers to carry out customer acquisition functions.

Pada 2002, Syarikat mengkaji secara teliti proses-proses IT dan bil bagi meminimumkan kehilangan pendapatan, meningkatkan kutipan pendapatan dan menghalang penipuan. Syarikat juga mengambil langkah-langkah untuk menstabilkan sistem dan meningkatkan perkhidmatan laporan bagi menyokong fungsi pasaran dan perancangan Celcom. Pada 2003, Celcom akan terus meningkatkan sistem bil untuk memberi khidmat yang lebih baik kepada para pelanggan. Ini akan melibatkan peningkatan sistem dan memperkenalkan portal pengedar yang membolehkan para pengedar menjalankan fungsi pemerolehan pelanggan.

Kualiti

Quality
2002 was a year of achievement. Surveys conducted by the Malaysian Commission of Multimedia and Communication (MCMC) indicated a continual improvement in Celcom’s Customer Satisfaction Index score, from 6.74 in the first quarter to 7.38, which is above the industry average, in the fourth quarter. In an independent testing done by the MCMC to determine network quality, Celcom led in several areas in both static and drive tests.

Pencapaian tahun 2002 adalah memberangsangkan. Soal selidik yang dijalankan oleh Suruhanjaya Multimedia dan Komunikasi Malaysia (MCMC) menunjukkan Celcom terus memperbaiki mata Indeks Kepuasan Pelanggannya dari 6.74 pada suku pertama kepada 7.38, mengatasi purata industri, pada suku keempat. Sebagai tambahan, di dalam ujian bebas yang dijalankan oleh MCMC untuk menentukan mutu rangkaian, Celcom mendahului di dalam kedua-dua ujian statik dan penggunaan. Pada Bulan Mei 2002, Celcom melaksanakan program Enam Sigma. Enam Sigma ialah cara yang telah dicuba dan diuji untuk meningkatkan kedua-dua kecekapan kerja berkumpulan dan operasi dengan menetapkan matlamat yang boleh diukur dan di capai dan menyediakan sistem dan proses-proses di dalam mencapai kejayaan dengan mudah. Tentunya faedah muktamad adalah mutu dan produktiviti yang lebih tinggi di seluruh organisasi, dengan penjimatan kos yang signifikan.

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(167469-A)

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In May 2002, Celcom embarked on a Six Sigma Programme. Six Sigma is a tried and tested means of boosting both teamwork and operational efficiency by setting measurable and achieveable goals and putting in place the systems and processes to facilitate success. The ultimate benefits should be higher quality and greater productivity throughout the organisation, as well as significant cost savings.

Kesimpulan

Walaupun kita sudah mengambil langkah pertama bagi mengukuhkan Syarikat, masih banyak yang perlu dilakukan. Untuk tahun berikutnya, kita mempunyai empat keutamaan penting. Pertama, kita akan membangunkan suatu jenama yang kuat dan berkedudukan di pasaran yang mana bagi memperluaskan capaian tempatan dan antarabangsa, mencapai kecekapan darisegi skala dan skop, menggalakkan aliran pendapatan kita dan bersaingan secara berkesan di dalam pasaran yang kita pilih. Kedua, kita akan mengaturkan strategi pemasaran yang teguh bagi mempromosi kesemua produk dan perkhidmatan kita. Ketiga, kita akan memupuk dedikasi di dalam penjagaan dan perkhidmatan dan khimat pelanggan yang boleh dialami dengan sungguh berkesan di kesemua pusat pelanggan. Keempat, kita akan menggiatkan kakitangan kita, membangunkan semangat berpasukan dan memupuk nilai-nilai bersama dan seterusnya membina satu budaya kecemerlangan. Saya percaya pendekatan ini akan membolehkan kita berjaya di dalam pasaran, memenuhi kehendak pelanggan kita dengan produk dan perkhidmatan yang berkemampuan, inovatif dan menarik; dan terus mendapat keuntungan dan pertumbuhan jangka panjang agar dapat memberi pulangan kewangan yang sewajarnya kepada para pemegang saham kita.

Conclusion
Though we have already taken the first steps to strenghthen the Company, much remains to be done. For the year ahead, we have four key priorities. First, we will build a strong brand and a powerful market position from which to expand domestic and international access, achieve efficiencies of scale and scope, boost our revenue streams and compete effectively in our chosen markets. Second, we will deploy a solid marketing strategy to promote our full range of products and services. Third, we will instil total dedication to customer care and service that will be distinctly experienced at all customer touch points. Fourth, we will empower our people, develop a team spirit and cultivate shared values, and ultimately build a culture of excellence. I believe that this approach will enable us to win in the market; to delight our customers with affordable, innovative and attractive products and services; and to sustain profitable and long-term growth so as to give our shareholders the financial returns they rightly deserve.

Dato’ Mohamed Yunus Ramli bin Abbas Group Chief Executive Officer Ketua Pegawai Eksekutif Kumpulan

[ 24 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

FINANCIAL HIGHLIGHTS
PENCAPAIAN KEWANGAN

Earnings Before Exceptional Items, Finance Cost, Tax, Depreciation and Amortisation Group Turnover Perolehan Kumpulan

Keuntungan Sebelum Butiran Terkecuali, Kos Kewangan, Cukai, Susut Nilai dan Perlunasan

RM Million

RM Million

2,600 2,400 2,200 2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 ’02 ’01 ’00 ’99 ’98 ’02 ’01 ’00 ’99 ’98 200 400

2,400.810

2,558.765 2,121.829

1000

971.588

1,053.143

1,701.449

1,779.835

800

600

941.043

400.502

582.051

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 25 ]

Group Shareholders’ Fund Dana Pemegang Saham Kumpulan

Group Total Assets Jumlah Aset Kumpulan

Group Paid-up Capital Modal Berbayar Kumpulan

RM Million

RM Million

RM Million

2,000 1,800

6,000

2,000

5,679.494

5,464.153

1,800 1,600 1,400 1,200 1,000 800

5,000 1,600

1,427.017

1,400 1,200 1,000 800

4,000

3,000

2,000 600 600

552.307

4,401.904

5,046.207

5,188.541

1,983.649

500,000

500,000

500,000
’99

400 200 0 ’02 0 -200 ’01 ’00 ’99

400 1,000 200 0

’98

’02

’01

’00

’99

’98

’02

’01

’00

(191.977)

(131.872)

(54.371)

500,000
’98

[ 26 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

FIVE YEARS GROUP FINANCIAL DATA

Income Statement Data
2002 RM’000 Turnover Operating Profit / (Loss) Before Exceptional Items Exceptional Items Share of profit / (loss) of Associated Companies (Loss) / Profit Before Taxation Profit / (loss) After Taxation & Minority Interests Finance Cost-Net Depreciation & Amortisation EBITDA 2,400,810 61,609 (166,129) 6,452 (98,068) 32,931 150,609 759,370 971,588

2001 RM’000 2,558,765 54,570 (82,115) (16,205) (43,750)
(62,200)

2000 RM’000 2,121,829 (30,536) — 711 (29,825)
(77,501)

1999 RM’000 1,701,449 (232,030) (320,668) 501 (552,197)
(603,650)

1998 RM’000 1,779,835 22,692 (5,249) (593) 16,850
(53,460)

307,921 690,652 1,053,143 (2.21) (3.14)
—

355,095 616,484 941,043 (1.50) (3.91)
—

141,087 491,445 400,502 (27.84) (30.43)
—

155,372 403,987 582,051 0.85 (2.70)
2

* ** ***

Gross (Loss) / Earnings Per Share (sen) (Loss) / Earnings Per Share (sen) Dividend Per Share (sen)

(4.94) 1.66 —

* **

Earnings before exceptional items, finance cost-net, tax, depreciation and amortisation. Profit / (Loss) before taxation but after exceptional items and share of profit / (loss) of associated companies over number of shares in issue.

*** Profit / (Loss) after taxation, exceptional items and minority interest over number of shares in issue.

Balance Sheet Data
2002 RM’000 Shareholders’ Fund Paid-up Share Capital Net Tangible Assets Net Current (Liabilities) /Assets Total Assets Fixed Assets-Net Capital Expenditures Long Term Debts Debts Equity Ratio Net Tangible Assets Per Share (RM) 1,427,017 1,983,649 1,427,017 (39,493) 4,401,904 3,344,000 267,882 1,740,519 1.31 0.72

2001 RM’000 (191,977) 500,000 (197,111) (2,927,827) 5,046,207 4,192,483 743,524 1,189,256 (20.04) (0.39)

2000 RM’000 (131,872) 500,000 (138,285) (625,836) 5,464,153 4,339,213 723,499 3,489,134 (31.52) (0.28)

1999 RM’000 (54,371) 500,000 (81,039) (2,911,544) 5,188,541 4,212,867 663,383 1,059,364 (66.45) (0.16)

1998 RM’000 552,307 500,000 510,160 (2,021,907) 5,679,494 4,041,077 925,596 1,247,968 6.49 1.02

Celcom (Malaysia) Berhad

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LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 27 ]

DATA KEWANGAN LIMA TAHUN KUMPULAN

Data Penyata Pendapatan
2002 RM’000 Perolehan Keuntungan/(Kerugian) Operasi Sebelum Butiran Terkecuali Butiran Terkecuali Perkongsian keuntungan / (kerugian) syarikat bersekutu (Kerugian) / Keuntungan Sebelum Cukai Keuntungan / (Kerugian) Selepas Cukai Kepentingan Minoriti Kos Kewangan-Bersih Susutnilai & Perlunasan EBITDA 32,931 150,609 759,370 971,588 6,452 (98,068) 61,609 (166,129) 2,400,810

2001 RM’000 2,558,765

2000 RM’000 2,121,829

1999 RM’000 1,701,449

1998 RM’000 1,779,835

54,570 (82,115) (16,205) (43,750)

(30,536) — 711 (29,825)

(232,030) (320,668) 501 (552,197)

22,692 (5,249) (593) 16,850

(62,200) 307,921 690,652 1,053,143 (2.21) (3.14)
—

(77,501) 355,095 616,484 941,043 (1.50) (3.91)
—

(603,650) 141,087 491,445 400,502 (27.84) (30.43)
—

(53,460 ) 155,372 403,987 582,051 0.85 (2.70)
2

* ** ***

(Kerugian) / Keuntungan Kasar Sesaham (sen)

(4.94) 1.66 —

(Kerugian) / Keuntungan Pendapatan Sesaham (sen) Dividen Sesaham (sen)

* **

Keuntungan sebelum butiran terkecuali, kos kewangan-bersih, cukai, susutnilai dan perlunasan. Keuntungan / (Kerugian) sebelum cukai, selepas butiran terkecuali dan bahagian keuntungan / (kerugian) syarikat bersekutu atas jumlah terbitan saham.

*** Keuntungan / (Kerugian) selepas cukai, butiran terkecuali dan kepentingan minoriti atas jumlah terbitan saham.
Data Lembaran Imbangan
2002 RM’000 Dana Pemegang Saham Modal Saham Aset Ketara Bersih (Liabiliti) /Aset Semasa Bersih Jumlah Aset Aset Tetap-Bersih Pembelian Aset Tetap Hutang Jangka Panjang Nisbah Hutang Kepada Ekuiti Aset Ketara Bersih Sesaham (RM) 1,427,017 1,983,649 1,427,017 (39,493) 4,401,904 3,344,000 267,882 1,740,519 1.31 0.72

2001 RM’000 (191,977) 500,000 (197,111) (2,927,827) 5,046,207 4,192,483 743,524 1,189,256 (20.04) (0.39)

2000 RM’000 (131,872) 500,000 (138,285) (625,836) 5,464,153 4,339,213 723,499 3,489,134 (31.52) (0.28)

1999 RM’000 (54,371) 500,000 (81,039) (2,911,544) 5,188,541 4,212,867 663,383 1,059,364 (66.45) (0.16)

1998 RM’000 552,307 500,000 510,160 (2,021,907) 5,679,494 4,041,077 925,596 1,247,968 6.49 1.02

[ 28 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

BOARD OF DIRECTORS
LEMBAGA PENGARAH

DATO’ DR MOHD MUNIR BIN ABDUL MAJID

DATO’ MOHAMED YUNUS RAMLI BIN ABBAS
GROUP CHIEF EXECUTIVE OFFICER Non-Independent Executive Director

CHAIRMAN
Non-Independent Non-Executive Director

PENGERUSI Pengarah Bukan Bebas Bukan Eksekutif

KETUA PEGAWAI EKSEKUTIF KUMPULAN Pengarah Bukan Bebas Eksekutif

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 29 ]

DATO’ ABDUL RAHMAN BIN HAJI ISMAIL Independent Non-Executive Director Pengarah Bebas Bukan Eksekutif

DATO’ NG KONG YEAM Independent Non-Executive Director Pengarah Bebas Bukan Eksekutif

ROSLI BIN MAN Non-Independent Non-Executive Director Pengarah Bukan Bebas Bukan Eksekutif

DATO’ LIM KHENG GUAN Non-Independent Non-Executive Director Pengarah Bukan Bebas Bukan Eksekutif

TAN POH KEAT Non-Independent Non-Executive Director Pengarah Bukan Bebas Bukan Eksekutif

SHAMSUDDIN BIN MOHD RASOM Independent Non-Executive Director
Resigned on 28 March 2003

Pengarah Bebas Bukan Eksekutif
Meletak Jawatan pada 28 Mac 2003

[ 30 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

AZZAT BIN KAMALUDIN Senior Independent Non-Executive Director Pengarah Kanan Bebas Bukan Eksekutif

ISMAEL FARIZ BIN ALI Independent Non-Executive Director Pengarah Bebas Bukan Eksekutif

AXEL HASS Non-Independent Non-Executive Director Pengarah Bukan Bebas Bukan Eksekutif

JOERG ANDREAS BOY Non-Independent Non-Executive Director Pengarah Bukan Bebas Bukan Eksekutif

OLIVER TIM AXMANN Alt. Dir. to Axel Hass Non-Independent Executive Director Pengarah Gantian kepada Axel Hass Pengarah Bukan Bebas Eksekutif

DIETER SIEBER Alt. Dir. to Joerg Andreas Boy Non-Independent Non-Executive Director Pengarah Gantian kepada Joerg Andreas Boy Pengarah Bukan Bebas Bukan Eksekutif

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 31 ]

DIRECTORS’ PROFILE
PROFIL PENGARAH

DATO’ DR MOHD MUNIR BIN ABDUL MAJID
55 years of age, Malaysian Berusia 55 tahun, Warganegara Malaysia

CHAIRMAN
Non-Independent Non-Executive Director
Dato’ Dr Mohd Munir bin Abdul Majid was appointed to the Board of Celcom (Malaysia) Berhad (“Celcom”) on 17 July 2002 and subsequently appointed as the Chairman of the Company. He graduated with a B.Sc. (Econs) and a Ph.D. in International Relations from the London School of Economics and Political Science (LSE), UK. He was the first Executive Chairman of the Securities Commission (“SC”), a position he held for two terms from March 1993 until February 1999. On his return from abroad, where he worked at the LSE and for Daiwa Europe N.V. in London, he served from 1979 to 1986 in various positions in the editorial department of the New Straits Times Press Berhad (“NSTP”), ending up as Group Editor (English), NSTP. He was Chief Executive of Commerce International Merchant Bankers Berhad (“CIMB”) from 1986, and was its Executive Chairman before resigning to become Executive Chairman of the SC. He has also served as Director and Chairman of several other companies and council member of government agencies during his career. Some of the prominent ones include the Association of Merchant Banks, Kloffe Sdn Bhd, the Kuala Lumpur Stock Exchange, the Council of Malaysian Industrial Development Authority (“MIDA”) and the Foreign Investment Committee of the Prime Minister’s Department. He is also a Director of Saujana Resorts (Malaysia) Berhad and Senior Independent Non-Executive Director of Telekom Malaysia Berhad, as well as Chairman of its Board Audit Committee. Dato’ Dr Mohd Munir bin Abdul Majid currently serves as Chairman of the Nominating & Remuneration Committee of Celcom. He has never been convicted of any offence. He has no family relationship with any other Director and/or major shareholder of Celcom nor has he any conflict of interest with the Company.

PENGERUSI
Pengarah Bukan Bebas Bukan Eksekutif
Dato’ Dr Mohd Munir bin Abdul Majid telah dilantik ke Lembaga Pengarah Celcom (Malaysia) Berhad (“Celcom”) pada 17 Julai 2002 dan seterusnya dilantik sebagai Pengerusi. Beliau adalah lulusan B.Sc. (Ekonomi) dan Ph.D. dalam Hubungan Antarabangsa dari London School of Economics and Political Science (LSE), UK. Beliau merupakan Pengerusi Eksekutif Suruhanjaya Sekuriti (“SC”) yang pertama, satu jawatan yang dipegangnya untuk dua penggal dari Mac 1993 hingga Februari 1999. Sepulangnya beliau dari luar negara, di mana beliau pernah bekerja di LSE dan Daiwa Europe N.V. di London, beliau memegang berbagai jawatan di jabatan pengarang New Straits Times Press Berhad (“NSTP”) dari tahun 1979 ke 1986 berakhir dengan jawatan Pengarang Kumpulan (Bahasa Inggeris) NSTP. Beliau juga pernah menyandang jawatan Ketua Eksekutif Commerce International Merchant Bankers Berhad (“CIMB”) dari 1986 sehingga dilantik Pengerusi Eksekutif sebelum meletak jawatan untuk menjadi Pengerusi Eksekutif SC. Beliau juga adalah Pengarah dan Pengerusi beberapa buah syarikat dan ahli kesatuan agensi kerajaan di sepanjang kariernya. Antara yang terkemuka termasuklah Persatuan Bank-bank Saudagar, Kloffe Sdn Bhd, Bursa Saham Kuala Lumpur, Lembaga Pembangunan Industri Malaysia (“MIDA”) dan Jawatankuasa Pelaburan Asing di Jabatan Perdana Menteri. Beliau juga adalah Pengarah Saujana Resorts (Malaysia) Berhad dan Pengarah Kanan Bebas Bukan Eksekutif Telekom Malaysia Berhad serta juga Pengerusi Lembaga Jawatankuasa Auditnya. Pada masa ini Dato’ Dr Mohd Munir bin Abdul Majid adalah Pengerusi Jawatankuasa Penamaan & Ganjaran. Beliau tidak pernah disabitkan dengan sebarang kesalahan. Beliau tidak mempunyai hubungan kekeluargaan dengan mana-mana Pengarah dan/atau pemegang saham utama Celcom mahupun mempunyai apa-apa percanggahan kepentingan dengan Syarikat.

[ 32 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

DATO’ MOHAMED YUNUS RAMLI BIN ABBAS
54 years of age, Malaysian Berusia 54 tahun, Warganegara Malaysia

GROUP CHIEF EXECUTIVE OFFICER
Non-Independent Executive Director
Dato’ Mohamed Yunus Ramli bin Abbas is the Group Chief Executive Officer since September 2002 and was appointed to the Board of Celcom (Malaysia) Berhad (“Celcom”) on 10 October 2002. He is an Economics graduate from the University of Malaya. He received his MBA from Nova South Eastern University in Fort Lauderdale, Florida. He also attended an Executive Programme in Business Management, University of Michigan, USA. Dato’ Mohamed Yunus Ramli bin Abbas started his career at Motorola Malaysia. He is the first Malaysian to hold the position of Vice President, Director of Strategy of Motorola Incorporated in Florida and Vice President and Country Manager for Motorola Malaysia from 1998 until 2001. Within his 25 years of service in the company, he was Executive Assistant to a General Manager from 1974 until 1976. During that time, he assisted in the start up of the Motorola-Penang plant from ground level zero. He then moved on to be the Director of Human Resource of Motorola South Asia where he was responsible for Motorola plants in Malaysia, Singapore, Philippines, Indonesia, Thailand and Vietnam. Dato’ Mohamed Yunus Ramli bin Abbas next appointment was as the Regional Director of Organisational Development (OD) of Motorola Asia Pacific during which time he managed the OD activities in Motorola in several countries including Japan, China, Hong Kong, Taiwan, Korea, India, South East Asia, Australia and New Zealand. Prior to joining Celcom, Dato’ Mohamed Yunus Ramli bin Abbas was the Group Chief Executive Officer of Encorp Group where he provided the leadership focus and management direction to reorganize and reposition the Encorp Group Of Companies (Encorp Media including NTV7 & Encorp Property). Dato’ Mohamed Yunus Ramli bin Abbas currently serves as a member of the Tender Board Committee of Celcom. He has never been convicted of any offence. He has no family relationship with any other Director and/or major shareholder of Celcom nor has he any conflict of interest with the Company.

KETUA PEGAWAI EKSEKUTIF KUMPULAN
Pengarah Bukan Bebas Eksekutif
Dato’ Mohamed Yunus Ramli bin Abbas adalah Ketua Pegawai Eksekutif Kumpulan yang baru sejak September 2002 dan dilantik ke Lembaga Pengarah Celcom (Malaysia) Berhad (“Celcom”) pada 10 October 2002. Beliau merupakan graduan Ekonomi dari Universiti Malaya. Beliau mendapat MBA dari Nova South Eastern University di Fort Lauderdale, Florida. Beliau juga menghadiri Program Eksekutif bagi Pengurusan Perniagaan, University of Michigan, USA. Dato’ Mohamed Yunus Ramli bin Abbas memulakan kariernya di Motorola Malaysia. Beliau merupakan warganegara Malaysia yang pertama memegang jawatan Naib Presiden, Pengarah Strategi di Motorola Ditubuhkan di Florida dan Naib Presiden dan Pengurus Negara bagi Motorola Malaysia dari 1998 hingga 2001. Dengan 25 tahun rekod perkhidmatan bersama syarikat tersebut, beliau adalah Pembantu Eksekutif kepada Pengurus Besar dari 1974 hingga 1976 di mana beliau membantu di dalam pembukaan Kilang Motorola-Penang dari mula, dan kemudiannya menjadi Pengarah Sumber Manusia bagi Motorola Asia Selatan, di mana beliau bertanggungjawab bagi kilang-kilang di Malaysia, Singapura, Filipina, Indonesia, Thailand dan Vietnam. Perlantikan seterusnya Dato’ Mohamad Yunus Ramli bin Abbas adalah sebagai Pengarah Serantau Pembangunan Organisasi (PO) bagi Motorola Asia Pasifik di mana beliau menguruskan aktiviti PO untuk Motorola di negara-negara seperti Jepun, China, Hong Kong, Taiwan, Korea, India, Asia Tenggara, Australia dan New Zealand. Sebelum menyertai Celcom, Dato’ Mohamed Yunus Ramli bin Abbas adalah Ketua Pegawai Eksekutif Kumpulan di Kumpulan Encorp di mana beliau telah memberikan fokus kepimpinan dan haluan pengurusan untuk penyusunan semula dan perletakan semula Kumpulan Syarikat Encorp (Encorp Media termasuk NTV7 dan Encorp Property). Dato’ Mohamed Yunus Ramli bin Abbas pada masa ini berkhidmat sebagai ahli Jawatankuasa Lembaga Tender. Beliau tidak pernah disabitkan dengan sebarang kesalahan. Beliau tidak mempunyai hubungan kekeluargaan dengan mana-mana Pengarah dan/atau pemegang saham utama Celcom mahupun mempunyai apa-apa percanggahan kepentingan dengan Syarikat.

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 33 ]

DATO’ ABDUL RAHMAN BIN HAJI ISMAIL
73 years of age, Malaysian Independent Non-Executive Director
Dato’ Abdul Rahman bin Haji Ismail was appointed to the Board of Celcom (Malaysia) Berhad (“Celcom”) on 10 October 2002. Prior to joining the private sector he had served the Malaysian police force in various capacities from 1950 to 1985 culminating in his appointment as the Deputy Inspector General of Police. During his tenure in the police force, Dato’ Abdul Rahman bin Haji Ismail was actively involved in various national and international conferences. He obtained his Senior Cambridge qualification from the Sultan Abdul Hamid College, Alor Setar, Kedah. He is also a Director of KYM Holdings Berhad and United U-LI Corporation Berhad. Currently Dato’ Abdul Rahman bin Haji Ismail serves as Chairman of the Board Audit Committee and member of Board Committee of Independent Directors and Nominating & Remuneration Committee of Celcom. He has never been convicted of any offence. He has no family relationship with any other Director and/or major shareholder of Celcom nor has he any conflict of interest with the Company.

Berusia 73 tahun, Warganegara Malaysia Pengarah Bebas Bukan Eksekutif
Dato’ Abdul Rahman bin Haji Ismail telah dilantik ke Lembaga Pengarah Celcom (Malaysia) Berhad (“Celcom”) pada 10 Oktober 2002. Sebelum menyertai sektor swasta beliau pernah berkhidmat dengan Polis DiRaja Malaysia dari 1950 hingga 1985 sehingga menjawat jawatan sebagai Timbalan Ketua Polis Negara. Sepanjang perkhidmatan beliau dalam pasukan polis, Dato’ Abdul Rahman bin Haji Ismail aktif dalam menyertai pelbagai persidangan nasional dan antarabangsa. Beliau berkelulusan Senior Cambridge dari Kolej Sultan Abdul Hamid, Alor Setar, Kedah. Beliau juga adalah Pengarah KYM Holdings Berhad dan United U-Li Corporation Berhad. Pada masa ini Dato’ Abdul Rahman bin Haji Ismail berkhidmat sebagai Pengerusi Lembaga Jawatankuasa Audit dan ahli Lembaga Jawatankuasa Pengarah Bebas dan Jawatankuasa Penamaan & Ganjaran. Beliau tidak pernah disabitkan dengan sebarang kesalahan. Beliau tidak mempunyai hubungan kekeluargaan dengan mana-mana Pengarah dan/atau pemegang saham utama Celcom mahupun mempunyai apa-apa percanggahan kepentingan dengan Syarikat.

DATO’ NG KONG YEAM
63 years of age, Malaysian Independent Non-Executive Director
Dato’ Ng Kong Yeam was appointed to the Board of Celcom (Malaysia) Berhad (“Celcom”) on 10 October 2002. He is a practising lawyer in Johor Bahru. Dato’ Ng Kong Yeam also has varied business interests both in Malaysia and overseas, ranging from properties and manufacturing to the hotel and travel industry. He holds an LL.B (Hons) from the University of Singapore. Currently Dato’ Ng Kong Yeam serves as a member of the Board Audit Committee of Celcom. He has never been convicted of any offence. He has no family relationship with any other Director and/or major shareholder of Celcom nor has he any conflict of interest with the Company.

Berusia 63 tahun, Warganegara Malaysia Pengarah Bebas Bukan Eksekutif
Dato’ Ng Kong Yeam telah dilantik ke Lembaga Pengarah Celcom (Malaysia) Berhad (“Celcom”) pada 10 Oktober 2002. Beliau adalah seorang peguam yang berkhidmat di Johor Bahru. Dato’ Ng Kong Yeam juga mempunyai pelbagai kepentingan perniagaan di Malaysia dan luarnegara, dari hartanah dan pembuatan kepada hotel dan industri pelancongan. Beliau mempunyai ijazah LL.B (Hons) dari Universiti Singapura. Pada masa ini Dato’ Ng Kong Yeam berkhidmat sebagai Ahli Lembaga Jawatankuasa Audit. Beliau tidak pernah disabitkan dengan sebarang kesalahan. Beliau tidak mempunyai hubungan kekeluargaan dengan mana-mana Pengarah dan/atau pemegang saham utama Celcom mahupun mempunyai apa-apa percanggahan kepentingan dengan Syarikat.

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LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

ROSLI BIN MAN
49 years of age, Malaysian Non-Independent Non-Executive Director
Rosli bin Man was appointed to the Board of Celcom (Malaysia) Berhad (“Celcom”) on 3 July 2002. He has more than 24 years of experience in the telecommunications industry. Rosli bin Man holds a Bachelor in Science in Electrical and Electronic Engineering (specialising in Electrical Design and Instrumentation) from the University of Glasgow, United Kingdom and a Diploma in Electrical and Electronic Engineering (specialising in Communications) from Technical College, Kuala Lumpur. He joined Jabatan Telekom Malaysia (“JTM”) in 1976 as Assistant Controller where he gained wide exposure in telecommunication services including being assigned the task to implement the country’s first mobile telecommunications services – Atur 450. In 1985, he made a career move to the private sector by joining the Fleet Group as its Group Manager, Technical Services where he was part of the team responsible for overseeing the rollout and operations of the nation’s first privately operated terrestrial television station namely Sistem Televisyen Malaysia Berhad (“TV3”). From 1988 to 1996, he was instrumental in setting up the first privately owned telecommunications company in Malaysia – Celcom, to cater for the country’s growing cellular market. He left Celcom as its President in 1996 to join Prismanet Sdn Bhd as Managing Director and held the position until November 1998. In July 2000 he joined Natrindo Telpon Sellular (“NTS”), the GSM 1800 cellular operator in East Java, Indonesia. As its Chief Operating Officer, he was responsible for the planning, development, successful roll-out of the network and the day-to-day operations of the business. He was subsequently appointed as Deputy Chief Executive Officer of Lippo Telecom to oversee NTS National Cellular Operation. He left NTS in January 2002. He is also a Director of Telekom Malaysia Berhad. Rosli bin Man currently serves as a member of the Tender Board Committee of Celcom. He has never been convicted of any offence. He has no family relationship with any other Director and/or major shareholder of Celcom nor has he any conflict of interest with the Company.

Berusia 49 tahun, Warganegara Malaysia Pengarah Bukan Bebas Bukan Eksekutif
Rosli bin Man telah dilantik ke Lembaga Pengarah Celcom (Malaysia) Berhad (“Celcom”) pada 3 Julai 2002. Beliau mempunyai 24 tahun pengalaman dalam industri telekomunikasi. Rosli bin Man memiliki Sarjana Muda Sains Kejuruteraan Elektrik dan Elektronik (mengkhusus dalam Rekabentuk Peralatan dan Elektrik) dari Universiti Glasgow, United Kingdom dan Diploma Kejuruteraan Elektrik dan Elektronik (mengkhusus dalam Komunikasi) dari Maktab Teknik, Kuala Lumpur. Beliau menyertai Jabatan Telekom Malaysia (“JTM”) pada 1976 sebagai Penolong Pengawal di mana beliau mendapat pendedahan luas dalam perkhidmatan telekomunikasi termasuk tugas perlaksanaan perkhidmatan telekomunikasi mudah alih pertama negara yakni Atur 450. Pada 1985 beliau berhijrah ke sektor swasta dengan menyertai Kumpulan Fleet sebagai Pengurus Kumpulan, Perkhidmatan Teknikal di mana beliau merupakan sebahagian dari pasukan yang bertanggungjawab menyelia penyiaran dan operasi stesen televisyen swasta pertama negara iaitu Sistem Televisyen Malaysia Berhad (“TV3”). Dari 1988 hingga 1996, beliau bertanggungjawab menubuhkan syarikat telekomunikasi milik swasta yang pertama di Malaysia yakni Celcom, yang mengusahakan perniagaan telekomunikasi mudah alih selular. Beliau meninggalkan jawatan Presiden Celcom pada 1996 dan menyertai Prismanet Sdn Bhd sebagai Pengarah Urusan dan memegang jawatan tersebut hingga November 1998. Pada Julai 2000 beliau menyertai Natrindo Telpon Sellular (“NTS”), pengendali GSM 1800 di Jawa Timur, Indonesia. Sebagai Ketua Pegawai Operasi, beliau bertanggungjawab dalam perancangan,pembangunan, penyediaan rangkaian yang berjaya serta operasi harian syarikat. Kemudiannya beliau dilantik sebagai Timbalan Ketua Eksekutif Lippo Telecom bagi menyelia Operasi Selular Nasional NTS. Beliau meninggalkan NTS pada Januari 2002. Beliau juga adalah Pengarah Telekom Malaysia Berhad. Pada masa ini Rosli bin Man adalah ahli Jawatankuasa Lembaga Tender. Beliau tidak pernah disabitkan dengan sebarang kesalahan. Beliau tidak mempunyai hubungan kekeluargaan dengan mana-mana Pengarah dan/atau pemegang saham utama Celcom mahupun mempunyai apa-apa percanggahan kepentingan dengan Syarikat.

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(167469-A)

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DATO’ LIM KHENG GUAN
60 years of age, Malaysian Non-Independent Non-Executive Director
Dato’ Lim Kheng Guan was appointed to the Board of Celcom (Malaysia) Berhad (“Celcom”) on 3 July 2002. He is a Chartered Accountant by profession and an Associate Member of Malaysian Association of Certified Public Accountants, Malaysian Institute of Accountants and the Australian Institute of Bankers, Fellow of Australian Society of Certified Practicing Accountants and a member of the Malaysian Institute of Management. He attended advanced management programmes at Manchester Business School, INSEAD and London Business School. He has more than 30 years of experience in accounting, management consulting and held senior managerial position in local and multinational Public Listed Companies. He is currently the Executive Director of Malaysian Management Consultants Sdn Bhd. He is also an Independent Non-Executive Director of Telekom Malaysia Berhad and Pacific & Orient Berhad. Currently, he serves as a member of the Board Audit Committee of Celcom. He has never been convicted of any offence. He has no family relationship with any other Director and/or major shareholder of Celcom nor has he any conflict of interest with the Company.

Berusia 60 tahun, Warganegara Malaysia Pengarah Bukan Bebas Bukan Eksekutif
Dato’ Lim Kheng Guan telah dilantik ke Lembaga Pengarah Celcom (Malaysia) Berhad (“Celcom”) pada 3 Julai 2002. Beliau adalah seorang Akauntan Bertauliah dan Ahli Bersekutu Akauntan Awam Berkanun Malaysia, Institut Akauntan Malaysia dan Institut Perbankan Australia, Felow Kesatuan Pengamal Akauntan Bertauliah Australia dan ahli Institut Pengurusan Malaysia. Beliau pernah menghadiri program-program pengurusan lanjutan di Manchester Business School, INSEAD dan London Business School. Beliau mempunyai lebih 30 tahun pengalaman dalam bidang perakaunan, perunding pengurusan dan pernah memegang jawatan pengurusan kanan di Syarikat-syarikat tersenarai Awam tempatan dan multinasional. Pada masa ini beliau adalah Pengarah Eksekutif Malaysian Management Consultants Sdn Bhd. Beliau adalah juga merupakan Pengarah Bebas Bukan Eksekutif Telekom Malaysia Berhad dan Pacific & Orient Berhad. Pada masa ini beliau berkhidmat sebagai ahli Lembaga Jawatankuasa Audit. Beliau tidak pernah disabitkan dengan sebarang kesalahan. Beliau tidak mempunyai hubungan kekeluargaan dengan mana-mana Pengarah dan/atau pemegang saham utama Celcom mahupun mempunyai apa-apa percanggahan kepentingan dengan Syarikat.

TAN POH KEAT
66 years of age, Malaysian Non-Independent Non-Executive Director
Tan Poh Keat was appointed to the Board of Celcom (Malaysia) Berhad (“Celcom”) on 10 October 2002. He graduated with a Bachelor of Engineering (Electrical) degree and a Masters degree in Engineering both from Auckland University, New Zealand under a Colombo Plan Scholarship. He joined Jabatan Telekom Malaysia (“JTM”) in 1962 as an engineer and has served in various appointments, the last being Deputy Director General. Subsequently he joined Telekom Malaysia Berhad as Director, Networks Service and retired at the end of 1991. Currently, he is an independent consultant to a number of local and international companies. He is also a Director of Telekom Malaysia Berhad and VADS Berhad. He has never been convicted of any offence. He has no family relationship with any other Director and/or major shareholder of Celcom nor has he any conflict of interest with the Company.

Berusia 66 Tahun, Warganegara Malaysia Pengarah Bukan Bebas Bukan Eksekutif
Tan Poh Keat telah dilantik ke Lembaga Pengarah Celcom (Malaysia) Berhad (“Celcom”) pada 10 Oktober 2002. Beliau adalah lulusan Sarjana Muda Kejuruteraan (Elektrik) dan Sarjana Kejuruteraan kedua-duanya dari Universiti Auckland, New Zealand di bawah Biasiswa Rancangan Colombo. Beliau menyertai Jabatan Telekom Malaysia (“JTM”) pada 1962 sebagai jurutera dan memegang pelbagai jawatan dan jawatan terakhir beliau adalah Timbalan Ketua Pengarah. Kemudian beliau menyertai Telekom Malaysia Berhad sebagai Pengarah, Perkhidmatan Rangkaian dan bersara pada penghujung 1991. Pada masa ini, beliau adalah pakar perunding bebas bagi beberapa syarikat tempatan dan antarabangsa. Beliau juga adalah Pengarah Telekom Malaysia Berhad dan VADS Berhad. Beliau tidak pernah disabitkan dengan sebarang kesalahan. Beliau tidak mempunyai hubungan kekeluargaan dengan mana-mana Pengarah dan/atau pemegang saham utama Celcom mahupun mempunyai apa-apa percanggahan kepentingan dengan Syarikat.

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LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

AZZAT BIN KAMALUDIN
57 years of age, Malaysian Senior Independent Non-Executive Director
Azzat bin Kamaludin, a lawyer by profession was appointed to the Board of Celcom (Malaysia) Berhad (“Celcom”) on 10 October 2002. He graduated with a B.A (Law) from the Queens’ College, LL.B (International Law) from the University of Cambridge and subsequently obtained his Barrister-At-Law from the Middle Temple, London. He has served as an Administrative and Diplomatic Officer with the Ministry of Foreign Affairs Malaysia from 1970 to 1979 during which he was at various times Assistant Secretary of the Zone of Peace, Freedom and Neutrality Division, Second Secretary at the Permanent Mission of Malaysia to the United Nations, New York. He was also the Head of Chancery at the Malaysian Commission in Hong Kong and subsequently the Principal Assistant Secretary for the Law of the Sea Division. Azzat bin Kamaludin was admitted as an Advocate & Solicitor of the High Court of Malaya in November 1979. He is a partner of the legal firm of Azzat & Izzat. From March 1993 to March 1999, he was a member of the Securities Commission and a Director of the Malaysian Exchange of Securities Dealing and Automated Quotation Berhad (“MESDAQ”) from October 1999 until March 2002. He is also sits on the board of directors of MNI Holdings Berhad, Pulai Springs Resort Berhad, Boustead Holdings Berhad, Affin Holdings Berhad and KPJ Healthcare Berhad. He currently serves as Chairman of Board Committee of Independent Directors and is a member of Nominating & Remuneration Committee and Board Audit Committee. He has never been convicted of any offence. He has no family relationship with any other Director and/or major shareholder of Celcom nor has he any conflict of interest with the Company.

Berusia 57 tahun, Warganegara Malaysia Pengarah Kanan Bebas Bukan Eksekutif
Azzat bin Kamaludin, adalah seorang peguam dan telah dilantik ke Lembaga Pengarah Celcom (Malaysia) Berhad (“Celcom) pada 10 Oktober 2002. Beliau adalah lulusan Sarjana Muda Sastera (Undang-undang) dari Queens’ College, LL.B (Undang-undang Antarabangsa) dari Universiti Cambridge dan kemudiannya memperolehi Barrister-At-Law dari Middle Temple, London. Beliau pernah berkhdimat sebagai Pegawai Pentadbiran dan Diplomatik dengan Kementerian Luar Negeri Malaysia dari 1970 hingga 1979 di mana beliau berkhidmat sebagai Penolong Setiausaha Bahagian Zon Aman, Bebas dan Berkecuali, Setiausaha Kedua Wakil Tetap Malaysia ke Pertubuhan Bangsa-bangsa Bersatu, New York. Beliau juga pernah menjadi Ketua Canseri Suruhanjaya Malaysia di Hong Kong dan kemudiannya sebagai Penolong Setiausaha Utama bagi bahagian Undang-undang Maritim. Azzat bin Kamaludin telah ditauliahkan sebagai Peguambela & Peguamcara Mahkamah Tinggi Malaya pada November 1979. Beliau adalah rakan kongsi firma guaman Azzat & Izzat. Dari Mac 1993 hingga Mac 1999, beliau pernah menjadi ahli Suruhanjaya Sekuriti dan Pengarah Malaysian Exchange of Securities Dealing and Automated Quotation Berhad (“MESDAQ”) dari Oktober 1999 hingga Mac 2002. Beliau juga adalah ahli lembaga pengarah MNI Holdings Berhad, Pulai Springs Resort Berhad, Boustead Holdings Berhad, Affin Holdings Berhad dan KPJ Healthcare Berhad. Pada masa ini beliau berkhimat sebagai Pengerusi Lembaga Jawatankuasa Pengarah Bebas dan merupakan ahli Jawatankuasa Penamaan & Ganjaran dan Lembaga Jawatankuasa Audit. Beliau tidak pernah disabitkan dengan sebarang kesalahan. Beliau tidak mempunyai hubungan kekeluargaan dengan mana-mana Pengarah dan/atau pemegang saham utama Celcom mahupun mempunyai apa-apa percanggahan kepentingan dengan Syarikat.

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ISMAEL FARIZ BIN ALI
40 years of age, Malaysian Independent Non-Executive Director
Ismael Fariz bin Ali was appointed to the Board of Celcom (Malaysia) Berhad (“Celcom”) on 10 October 2002. He graduated with a Bachelor of Arts, Economics and Business from the Knox College, Galesburg, Illinois and Master of Business Administration, Finance from the University of Iowa. He is currently the Managing Director and principal shareholder of FirstFloor Capital Sdn Bhd, a technology venture investment company . He is also a Director of Pharmaniaga Berhad and ValueCap Sdn Bhd. Ismael Fariz bin Ali has 16 years experience in merchant banking when he was attached with AM Merchant Bank Berhad. He was part of the advisory team on the Government of Malaysia’s Privatisation Master Plan in 1989 and post privatisation review in 1996. He also assisted in setting up the first Islamic fund in Malaysia. He was the financial adviser to various large infrastructure and communications companies including the Express Rail Link (“ERL”), Ampang Elevated Highway, Radio Televisyen Malaysia and Bernama. He was also the Corporate Adviser to various state and government corporations on restructuring plans. Ismael Fariz bin Ali currently serves as Chairman of the Tender Board Committee and member of Board Committee of Independent Directors and Nominating & Remuneration Committee of Celcom. He has never been convicted of any offence. He has no family relationship with any other Director and/or major shareholder of Celcom nor has he any conflict of interest with the Company.

Berusia 40 tahun, Warganegara Malaysia Pengarah Bebas Bukan Eksekutif
Ismael Fariz bin Ali telah dilantik ke Lembaga Pengarah Celcom (Malaysia) Berhad (“Celcom”) pada 10 Oktober 2002. Beliau adalah lulusan Sarjana Muda Sastera, Ekonomi dan Perniagaan dari Knox College, Galesburg, Illinois dan Sarjana Pentadbiran Perniagaan, Kewangan dari Universiti Iowa. Pada masa ini beliau adalah Pengarah Urusan dan pemegang saham utama FirstFloor Capital Sdn Bhd, sebuah syarikat penerokaan pelaburan teknologi. Beliau adalah juga Pengarah Pharmaniaga Berhad dan ValueCap Sdn Bhd. Ismael Fariz bin Ali mempunyai 16 tahun pengalaman dalam perbankan saudagar sewaktu berkhidmat di AM Merchant Bank Berhad. Beliau adalah sebahagian daripada ahli penasihat Rancangan Induk Penswastaan Kerajaan Malaysia pada 1989 dan kajian semula selepas penswastaan pada 1996. Beliau juga membantu dalam penubuhan dana Islam pertama di Malaysia. Ismael Fariz bin Ali pernah menjadi penasihat kewangan bagi syarikat-syarikat besar komunikasi dan infrastruktur seperti Express Rail Link (“ERL”), Ampang Elevated Highway, Radio Televisyen Malaysia dan Bernama. Beliau juga pernah menjadi Penasihat Korporat pelbagai perbadanan kerajaan dan negeri bagi rancangan penstrukturan semula. Pada masa ini Ismael Fariz bin Ali adalah Pengerusi Jawatankuasa Lembaga Tender dan Ahli Lembaga Jawatankuasa Pengarah Bebas dan Jawatankuasa Penamaan & Ganjaran. Beliau tidak pernah disabitkan dengan sebarang kesalahan. Beliau tidak mempunyai hubungan kekeluargaan dengan mana-mana Pengarah dan/atau pemegang saham utama Celcom mahupun mempunyai apa-apa percanggahan kepentingan dengan Syarikat.

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LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

SHAMSUDDIN BIN MOHD RASOM
71 years of age, Malaysian Independent Non-Executive Director
Resigned on 28 March 2003 Shamsuddin bin Mohd Rasom was appointed to the Board of Celcom (Malaysia) Berhad (“Celcom”) on 10 October 2002. He is a registered professional engineer and had served with the then Jabatan Telekom Malaysia (“JTM”) in various capacities from 1952 to 1986. When Syarikat Telekom Malaysia was incorporated in 1987, he assumed the position of General Manager, International. His extensive experience in local and international telecommunications led him to serve on various international telecommunication committees. He holds a Diploma in Electrical Engineering (Brighton 1962), MIEM, PEng. He was also a member of the Board Audit Committee, Tender Board Committee and Board Committee of Independent Directors of Celcom. He has never been convicted of any offence. He has no family relationship with any other Director and/or major shareholder of Celcom nor has he any conflict of interest with the Company.

Berusia 71 tahun, Warganegara Malaysia Pengarah Bebas Bukan Eksekutif
Meletak Jawatan pada 28 Mac 2003

Shamsuddin bin Mohd Rasom telah dilantik ke Lembaga Pengarah Celcom (Malaysia) Berhad (“Celcom”) pada 10 Oktober 2002. Beliau adalah seorang jurutera professional yang berdaftar dan pernah berkhidmat dengan Jabatan Telekom Malaysia (“JTM”) dalam pelbagai jawatan dari 1952 hingga 1986. Apabila Syarikat Telekom Malaysia ditubuhkan pada 1987, beliau memegang jawatan Pengurus Besar, Antarabangsa. Pengalaman luas beliau dalam industri telekomunikasi tempatan dan antarabangsa telah membuka peluang kepada beliau untuk menganggotai pelbagai jawatankuasa-jawatankuasa telekomunikasi antarabangsa. Beliau memiliki Diploma Kejuruteraan Elektrik (Brighton 1962), MIEM, PEng. Beliau juga berkhidmat sebagai Ahli Lembaga Jawatankuasa Audit, Jawatankuasa Lembaga Tender dan Lembaga Jawatankuasa Pengarah Bebas. Beliau tidak pernah disabitkan dengan sebarang kesalahan. Beliau tidak mempunyai hubungan kekeluargaan dengan mana-mana Pengarah dan/atau pemegang saham utama Celcom mahupun mempunyai apa-apa percanggahan kepentingan dengan Syarikat.

AXEL HASS
59 years of age, German Non-Independent Non-Executive Director
Axel Hass was appointed as Director of Celcom (Malaysia) Berhad (“Celcom”) on 2 February 1999. He is currently the President of Deutsche Telekom Asia Pte Ltd. Prior to joining Deutsche Telekom he was the Head of Siemens Nixdorf Asia (Hong Kong). Axel Hass holds a Masters Degree in Economics (Minor in History and Languages) from the University of Freiburg i Br. Germany. He has never been convicted of any offence. He has no family relationship with any other Director and/or major shareholder of Celcom nor has he any conflict of interest with the Company.

Berusia 59 tahun, Warganegara Malaysia Pengarah Bukan Bebas Bukan Eksekutif
Axel Hass telah dilantik sebagai Pengarah Celcom (Malaysia) Berhad (“Celcom”) pada 2 Februari 1999. Pada masa ini beliau adalah Presiden Deutsche Telekom Asia Pte Ltd. Sebelum menyertai Deutsche Telekom beliau pernah menjadi Ketua Siemens Nixdorf Asia (Hong Kong). Axel Hass memegang Ijazah Sarjana Ekonomi (Minor dalam Sejarah dan Bahasa) dari Universiti Freiburg i. Br. Jerman. Beliau tidak pernah disabitkan dengan sebarang kesalahan. Beliau tidak mempunyai hubungan kekeluargaan dengan mana-mana Pengarah dan/atau pemegang saham utama Celcom mahupun mempunyai apa-apa percanggahan kepentingan dengan Syarikat.

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JOERG ANDREAS BOY
42 years of age, German Non-Independent Non-Executive Director
Joerg Andreas Boy was appointed an Alternate Director of Celcom (Malaysia) Berhad (“Celcom”) on 19 April 2000 and was subsequently appointed as Director on 15 October 2002. He joined Deutsche Telekom Asia Pte Ltd in 1999 as Vice President Finance. Prior to that, he held various positions with Siemens AG including Commercial Manager of Siemens Nixdorf for Germany and Indonesia, Finance Director of Siemens Nixdorf, Australia and Commercial Manager of Siemens Business Services GmbH & Co. in Frankfurt. He is a graduate in Economics from the University of Cologne, Germany. He has never been convicted of any offence. He has no family relationship with any other Director and/or major shareholder of Celcom nor has he any conflict of interest with the Company.

Berusia 42 tahun, Warganegara Jerman Pengarah Bukan Bebas Bukan Eksekutif
Joerg Andreas Boy telah dilantik sebagai Pengarah Gantian Celcom (Malaysia) Berhad (“Celcom”) pada 19 April 2000 dan kemudiannya dilantik sebagai Pengarah pada 15 Oktober 2002. Beliau menyertai Deutsche Telekom Asia Pte Ltd pada 1999 sebagai Naib Presiden Kewangan. Sebelum itu, beliau pernah memegang pelbagai jawatan di Siemens AG termasuklah sebagai Pengurus Komersial Siemens Nixdorf bagi Jerman dan Indonesia, Pengarah Kewangan Siemens Nixdorf, Australia dan Pengurus Komersial Siemens Business Services GmbH & Co. di Frankfurt. Beliau adalah lulusan Ekonomi dari Universiti Cologne, Jerman. Beliau tidak pernah disabitkan dengan sebarang kesalahan. Beliau tidak mempunyai hubungan kekeluargaan dengan mana-mana Pengarah dan/atau pemegang saham utama Celcom mahupun mempunyai apa-apa percanggahan kepentingan dengan Syarikat.

OLIVER TIM AXMANN
37 years of age, German Non-Independent Executive Director
Oliver Tim Axmann was appointed as an Alternate Director of Celcom (Malaysia) Berhad (“Celcom”) on 19 April 2000. He is currently the Senior Vice President of the Financial Systems Division of Celcom. Prior to that he was appointed as Director/Joint Venture Management of Deutsche Telekom Asia Pte Ltd, Singapore, responsible for the Joint Venture Management of TRI/Celcom in Malaysia and Satelindo in Indonesia. He started his career with Deutsche Telekom AG in early 1997 and was subsequently seconded to Deutsche Telekom Asia Pte Ltd in Singapore, working on the Company’s Joint Venture Management – Islacom in the Philippines. Prior to that he was with Messrs. Arthur Andersen & Co. specialising in the areas of consultancy, tax and auditing. He holds a Masters Degree in Economics from the University of Bonn, Germany. He has never been convicted of any offence. He has no family relationship with any other Director and/or major shareholder of Celcom nor has he any conflict of interest with the Company.

Berusia 37 tahun, Warganegara Jerman Pengarah Bukan Bebas Eksekutif
Oliver Tim Axmann telah dilantik sebagai Pengarah Gantian Celcom (Malaysia) Berhad (“Celcom”) pada 19 April 2000. Pada masa ini beliau adalah Naib Presiden Kanan Bahagian Sistem Kewangan di Celcom. Sebelum ini beliau pernah dilantik sebagai Pengarah/Pengurusan Usahasama Deutsche Telekom Asia Pte Ltd, Singapura yang bertanggungjawab bagi Pengurusan Usahasama TRI/Celcom di Malaysia dan Satelindo di Indonesia. Beliau memulakan kariernya dengan Deutsche Telekom AG pada awal 1997 dan kemudiannya dipinjamkan ke Deutsche Telekom Asia Pte Ltd di Singapura di mana beliau mengendalikan Pengurusan Usahasama berkenaan Islacom di Filipina. Sebelum ini beliau berkhidmat dengan Tetuan Arthur Andersen & Co. dengan mengkhusus dalam bidang perundingan, cukai dan audit. Beliau memiliki Ijazah Sarjana Ekonomi dari Universiti Bonn, Jerman. Beliau tidak pernah disabitkan dengan sebarang kesalahan. Beliau tidak mempunyai hubungan kekeluargaan dengan mana-mana Pengarah dan/atau pemegang saham utama Celcom mahupun mempunyai apa-apa percanggahan kepentingan dengan Syarikat.

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LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

DIETER SIEBER
50 years of age, German Non-Independent Non-Executive Director
Dieter Sieber was appointed as an Alternate Director of Celcom (Malaysia) Berhad (“Celcom”) on 15 October 2002. He joined Deutsche Telekom Asia Pte Ltd in 1998 as Vice President Technical (Regional Chief Technical Officer) the post that he also holds for T-Systems ITC Singapore Pte Ltd until now. Prior to that, between 1976 and 1979, he worked with Telefonbau Schwabe, after which he joined Weidleplan Consulting till 1990. In 1991, he joined Ericsson in Germany as Regional Manager. He then headed Ericsson’s operations in Guangzhou, China as Director of Operations from 1993 to 1996. In 1997, he returned to Ericsson Germany as Unit Manager for the largest customer in Germany and was made a member of an Executive Management Team. He is a graduate of B.Sc. Engineering in Electronics and Telecommunications from Wuppertal University, Germany. He has never been convicted of any offence. He has no family relationship with any other Director and/or major shareholder of Celcom nor has he any conflict of interest with the Company.

Berusia 50 tahun, Warganegara Jerman Pengarah Bukan Bebas Bukan Eksekutif
Dieter Sieber telah dilantik sebagai Pengarah Gantian Celcom (Malaysia) Berhad (“Celcom”) pada 15 Oktober 2002. Beliau menyertai Deutsche Telekom Asia Pte Ltd pada 1998 sebagai Naib Presiden Teknikal (Ketua Pegawai Teknikal Serantau), satu jawatan yang juga dipegangnya bagi T-Systems ITC Singapore Pte Ltd sehingga hari ini. Sebelum itu, di antara tahun 1976 dan 1979, beliau berkhidmat dengan Telefonbau Schwabe dan kemudiannya pula menyertai Weidleplan Consulting sehingga 1990. Pada 1991, beliau menyertai Ericsson di Jerman sebagai Pengurus Serantau. Beliau kemudiannya mengetuai operasi Ericsson di Guangzhou, China sebagai Pengarah Operasi dari 1993 hingga 1996. Pada 1997, beliau kembali ke Ericsson Germany sebagai Pengurus Unit kepada pelanggan terbesar di Jerman dan telah dilantik sebagai ahli Pasukan Pengurusan Eksekutif. Beliau adalah lulusan Sarjana Muda Sains Kejuruteraan Elektronik dan Telekomunikasi dari Universiti Wuppertal Jerman. Beliau tidak pernah disabitkan dengan sebarang kesalahan. Beliau tidak mempunyai hubungan kekeluargaan dengan mana-mana Pengarah dan/atau pemegang saham utama Celcom mahupun mempunyai apa-apa percanggahan kepentingan dengan Syarikat.

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STATEMENT ON CORPORATE GOVERNANCE
PENYATA TADBIR URUS KORPORAT

The Board of Directors (“Board”) of Celcom (Malaysia) Berhad (“Celcom”) is committed to high standards of corporate governance and is pleased to report to the shareholders on how the Celcom Group (“Group”) has applied the Principles of the Malaysian Code of Corporate Governance (“Code”) and the extent of compliance with best practices of good governance pursuant to recommendations of the Code, which is divided into the following sections: Section A: Board of Directors Section B: Directors’ Remuneration Section C: Shareholders Section D: Investor Relations Section E: Accountability and Audit

Lembaga Pengarah (“Lembaga Pengarah”) Celcom (Malaysia) Berhad (“Celcom”) mempunyai komitmen terhadap standard tadbir urus korporat yang tinggi dan dengan sukacitanya melaporkan kepada para pemegang saham tentang bagaimana Kumpulan Celcom (“Kumpulan”) telah mengguna pakai prinsip Kod Tadbir Urus Korporat Malaysia (“Kod”) dan sejauh mana mematuhi amalan terbaik dalam tadbir urus yang betul dipatuhi selaras dengan cadangan Kod yang dibahagikan kepada bahagian-bahagian berikut: Bahagian A: Lembaga Pengarah Bahagian B: Ganjaran Pengarah Bahagian C: Para Pemegang Saham Bahagian D: Hubungan Pelabur Bahagian E: Kebertanggungjawaban dan Audit

In preparing this Statement, the Board has considered the manner in which it has applied the Principles of the Code and the extent to which it has complied with the Best Practices of the Code. The Board’s Statement on Corporate Governance (“Statement”) has been prepared after taking into consideration that prior to the Internal Restructuring, which included the transfer of listing status (“Internal Restructuring”) of Technology Resources Industries Berhad (“TRI”) to Celcom, as described on page 92 of this Annual Report, the Group was governed by the Board of Directors of TRI. Accordingly, in arriving at this Statement, the Board has considered and disclosed where appropriate, pertinent information in respect of the application of the corporate governance practices during the tenure of the Board of Directors of TRI in order that this Statement is made in respect of the financial year. This is on the basis that the said Internal Restructuring which was completed on 10 October 2002, did not materially and significantly alter the manner in which the Group operates, and that the Board now undertakes its roles and responsibilities in this respect.

Ketika menyediakan Penyata ini, Lembaga Pengarah mengambil kira cara Prinsip Kod diguna pakai dan sejauh mana Amalan Kod Terbaik dipatuhi. Penyata Lembaga Pengarah tentang Tadbir Urus Korporat (“Penyata”) telah disediakan selepas mengambil kira bahawa sebelum Penyusunan Semula Dalaman yang melibatkan pindahan status penyenaraian (“Penyusunan Semula Dalaman”) Technology Resources Industries Berhad (“TRI”) kepada Celcom, seperti yang dinyatakan dalam halaman 162 dalam Laporan Tahunan ini, Kumpulan telah ditadbir oleh Lembaga Pengarah TRI. Dengan itu, dalam menyediakan Penyata ini, Lembaga Pengarah telah mengambil kira dan menzahirkan, jika wajar, maklumat yang berkaitan dengan penggunaan amalan tadbir urus korporat semasa tempoh perkhidmatan Ahli Lembaga Pengarah TRI supaya Penyata ini dapat dibuat untuk tahun kewangan tersebut. Ini dilakukan berdasarkan Penyusunan Semula Dalaman berkenaan yang disempurnakan pada 10 Oktober 2002 yang tidak mengubah dengan banyak dan ketara cara Kumpulan beroperasi dan Lembaga Pengarah kini melaksanakan peranan dan tanggungjawabnya berhubung dengan perkara ini.

Bahagian A: Lembaga Pengarah Section A: Board of Directors
The Board has assumed the following six specific responsibilities in discharging their stewardship responsibilities pursuant to Best Practices Provision AA I of the Code: • • Reviewing and adopting a strategic plan for the Group; Overseeing the conduct of the Group’s business to evaluate whether the business is being properly managed;

Lembaga Pengarah memikul enam tanggungjawab khusus berikut dalam melaksanakan tanggungjawab pengawasan mereka mengikut Peruntukan Amalan Terbaik AA I dalam Kod: • Mengkaji semula dan menerima pakai pelan strategik untuk Kumpulan; Mengawal pengendalian perniagaan Kumpulan untuk menilai sama ada perniagaan diuruskan dengan betul;

•

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•

Identifying principal risks and ensuring the implementation of appropriate systems to manage these risks; Succession planning, including appointing, training, fixing the compensation of and, where appropriate, replacing senior management; Developing and implementing an investor relations programme or shareholder communications policy for the Company and the Group; and Reviewing the adequacy and integrity of the Company’s and Group’s internal control systems and management information systems, including systems for compliance with applicable laws, regulations, rules, directives and guidelines.

•

Mengenal pasti risiko utama dan memastikan perlaksanaan sistem yang sesuai untuk menangani risiko-risiko ini; Perancangan penggantian termasuk melantik, melatih, menetapkan pampasan dan jika wajar menggantikan pihak pengurusan kanan; Membangunkan dan melaksanakan program hubungan pelabur atau dasar komunikasi pemegang saham untuk Syarikat dan Kumpulan; dan Mengkaji semula kecukupan dan keutuhan sistem kawalan dalaman dan sistem maklumat pengurusan Syarikat dan Kumpulan, termasuk sistem untuk mematuhi undangundang yang ada, peraturan-peraturan, kaedah-kaedah, arahan-arahan dan garis panduan.

•

•

•

•

•

•

1. Composition of the Board An experienced Board consisting of members with a wide range of business, financial, legal, technical and public service backgrounds, leads and controls the Group, bringing depth and diversity in expertise and perspectives to the leadership of a highly regulated telecommunication business. These experiences and backgrounds are detailed in the Directors’ profiles, appearing on pages 31 to 40 of the Annual Report. Subsequent to the Internal Restructuring, there is one (1) Director entrusted with executive functions, six (6) Non-Independent Directors and four (4) Independent Directors. The Board of Directors of TRI The TRI Board of Directors met twelve (12) times during the financial year up to the completion of the Internal Restructuring. Details of attendance of Directors at Board Meetings of TRI are as found on page 228 of the Annual Report. The Board Upon completion of the Internal Restructuring, the Board met three (3) times. Details of attendance of Directors at Board Meetings of Celcom are as found on page 229 of the Annual Report.

1. Komposisi Lembaga Pengarah

Lembaga Pengarah yang berpengalaman terdiri daripada ahli daripada pelbagai latar belakang perniagaan, kewangan, perundangan, teknikal dan khidmat awam, menerajui dan mengawal Kumpulan, memberikan kepakaran dan perspektif yang mendalam dan pelbagai berkaitan dengan kepemimpinan perniagaan telekomunikasi yang sangat teratur. Pengalaman dan latar belakang ini diperincikan dalam profil Para Pengarah yang tertera di halaman 31 hingga 40 dalam Laporan Tahunan. Selepas Penyusunan Semula Dalaman, terdapat seorang (1) Pengarah yang diberikan fungsi eksekutif, enam (6) Pengarah Bukan Bebas dan empat (4) Pengarah Bebas. Lembaga Pengarah TRI Lembaga Pengarah TRI bersidang sebanyak dua belas (12) kali semasa tahun kewangan sehingga selesainya Penyusunan Semula Dalaman. Butir-butir kehadiran para Pengarah di Mesyuarat Lembaga Pengarah TRI tertera di halaman 228 dalam Laporan Tahunan. Lembaga Pengarah Setelah selesainya Penyusunan Semula Dalaman, Lembaga Pengarah bersidang sebanyak tiga (3) kali. Butir-butir kehadiran para Pengarah di Mesyuarat Lembaga Pengarah Celcom tertera di halaman 229 dalam Laporan Tahunan.

2

Board Structures and Procedures The Board believes that the existing organisation structure of the Group has an appropriate balance of both the Board and Management involvement in

2. Struktur Lembaga Pengarah dan Prosedur

Lembaga Pengarah percaya bahawa struktur organisasi Kumpulan yang sedia ada mempunyai keseimbangan sewajarnya dari segi penglibatan Lembaga Pengarah dan

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managing the Group. This is seen from the fact that from 1 September 2002, with the appointment of the Group Chief Executive Officer (“GCEO”), the role of the Chairman and GCEO within the Group has been separated to ensure a balance of power and authority. The GCEO is now tasked with managing the operations of the Group with the assistance of the management team, whilst the Board is responsible for overseeing the conduct of the Group’s operations through its various Board Committees and the management reporting mechanisms. The Non-Executive Directors provide considerable depth of knowledge collectively gained from experiences in a variety of public and private companies. The Independent Non-Executive Directors provide unbiased and independent views in ensuring that the strategies proposed by the management are fully deliberated and examined, in the interest of shareholders, employees, customers and the many communities in which the Group conducts its business. Pursuant to Best Practices Provision AA VII, Azzat bin Kamaludin has been identified and appointed as the Senior Independent Non-Executive Director, to whom any concerns pertaining to the Group may be conveyed.

pihak Pengurusan dalam menguruskan Kumpulan. Ini adalah berdasarkan fakta bahawa bermula dari 1 September 2002, dengan perlantikan Ketua Pegawai Eksekutif Kumpulan (“KPEK”), peranan Pengerusi dan KPEK dalam Kumpulan telah dipisahkan bagi memastikan keseimbangan kuasa dan hak bertindak. KPEK kini dipertugaskan untuk mengurus operasi-operasi Kumpulan dengan bantuan kumpulan pengurusan, manakala Lembaga Pengarah bertanggungjawab mengawal perjalanan operasi-operasi Kumpulan menerusi pelbagai Jawatankuasa-jawatankuasa Lembaga Pengarah dan mekanisma laporan pengurusan. Pengarah Bukan Eksekutif menyumbangkan pengetahuan yang mendalam yang diperolehi bersama daripada pengalaman dalam pelbagai syarikat awam dan swasta. Pengarah Bebas Bukan Eksekutif memberikan pandangan bebas dan tidak berat sebelah untuk memastikan strategi yang disarankan oleh pihak pengurusan dipertimbangkan dan diteliti demi kepentingan para pemegang saham, pekerja, pelanggan dan dikalangan komuniti di mana Kumpulan mengendalikan perniagaannya. Selaras dengan Peruntukan Amalan Terbaik AA VII, Azzat bin Kamaludin telah dikenal pasti dan dilantik sebagai Pengarah Kanan Bebas Bukan Eksekutif , di mana sebarang masalah berkaitan dengan Kumpulan boleh dikemukakan kepada beliau.

3. Board Committees The Board delegates certain responsibilities to Board Committees, namely: i. Nominating & Remuneration Committee 3. Jawatankuasa-jawatankuasa Lembaga Pengarah

Lembaga Pengarah memberikan tanggungjawab tertentu kepada Jawatankuasa-jawatankuasa Lembaga Pengarah, iaitu: i. Jawatankuasa Penamaan & Ganjaran

ii. Board Audit Committee iii. Tender Board Committee iv. Board Committee of Independent Directors All committees have written Terms of References and operating procedures. The Board receives reports of their proceedings and deliberations. The Chairman of the various committees will report to the Board the outcome of the committee meetings and these are recorded in the minutes of the full Board meeting. i. Nominating & Remuneration Committee The membership and principal duties and responsibilities of the Nominating & Remuneration Committee are set out in Section B of this Statement.

ii. Lembaga Jawatankuasa Audit iii. Jawatankuasa Lembaga Tender iv. Lembaga Jawatankuasa Pengarah Bebas Semua jawatankuasa mempunyai Terma-terma Rujukan dan tatacara pengendalian yang bertulis. Lembaga Pengarah menerima laporan-laporan tindakan dan pertimbangan mereka. Pengerusi pelbagai jawatankuasa akan melaporkan hasil mesyuarat jawatankuasa kepada Lembaga Pengarah dan ini dicatatkan dalam minit mesyuarat Lembaga Pengarah yang penuh. i. Jawatankuasa Penamaan & Ganjaran Keahlian serta tugas dan tanggungjawab utama Jawatankuasa Penamaan & Ganjaran dinyatakan dalam Sekyen B dalam Penyata ini.

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ii. Board Audit Committee The membership, terms of reference and activities of the Board Audit Committee are detailed in the Board Audit Committee Report as set out on pages 56 to 63 of the Annual Report. iii. Tender Board Committee
MEMBERS

ii. Lembaga Jawatankuasa Audit Keahlian, terma-terma Rujukan dan aktiviti-aktiviti Lembaga Jawatankuasa Audit diperincikan dalam Laporan Lembaga Jawatankuasa Audit seperti yang dinyatakan di halaman 56 hingga 63 dalam Laporan Tahunan. iii. Jawatankuasa Lembaga Tender AHLI - AHLI
Status Independent Non-Executive Director GCEO

Member Ismael Fariz bin Ali

Position Chairman

Ahli Ismael Fariz bin Ali

Jawatan Pengerusi

Status Pengarah Bebas Bukan Eksekutif KPEK

Dato’ Mohamed Yunus Ramli bin Abbas Rosli bin Man

Member

Dato’ Mohamed Yunus Ramli bin Abbas Rosli bin Man

Ahli

Member

Non-Independent Non-Executive Director

Ahli

Pengarah Bukan Bebas Bukan Eksekutif Naib Presiden Eksekutif Rangkaian Kumpulan Pengarah Bebas Bukan Eksekutif Pengarah Bukan Bebas Bukan Eksekutif

Horst Holzhauser

Member

Executive Vice President Group Network Independent Non-Executive Director Non-Independent Non-Executive Director

Horst Holzhauser

Ahli

Shamsuddin bin Member Mohd Rasom (Resigned on 28 March 2003) Dato’ Dr Mohd Munir bin Abdul Majid (Resigned on 8 July 2002) Member

Shamsuddin bin Ahli Mohd Rasom (Meletak jawatan pada 28 Mac 2003) Dato’ Dr Mohd Munir Ahli bin Abdul Majid (Meletak jawatan pada 8 Julai 2002)

The Tender Board was first established under the Board of Directors of TRI. Subsequently, as a result of the Internal Restructuring, the Tender Board was established under the Board on 10 October 2002. The principal objective of the Tender Board is to consider and grant approval on all spending above RM5,000,000 and any tender up to RM20,000,000. In carrying out this objective, the Tender Board is to ensure that the Company’s purchasing procedures have been adhered to, evaluation of proposals and quotations are judiciously carried out and recommendations made by requesters are properly scrutinised.

Lembaga Tender ini pertama kali ditubuhkan di bawah Lembaga Pengarah TRI. Selepas itu, berikutan Penyusunan Semula Dalaman, Lembaga Tender ini ditubuhkan di bawah Lembaga Pengarah pada 10 Oktober 2002. Matlamat utama Lembaga Tender adalah mempertimbangkan dan memberikan kelulusan bagi semua perbelanjaan melebihi RM5,000,000 dan mana-mana tender sehingga RM20,000,000. Dalam menjayakan matlamat ini, Lembaga Tender perlu memastikan bahawa prosedur pembelian Syarikat dipatuhi, penilaian cadangan-cadangan dan sebut harga dibuat dengan bijak manakala saranan yang dikemukakan oleh peminta tender diteliti dengan sebaiknya.

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iv. Board Committee of Independent Directors
MEMBERS

iv. Lembaga Jawatankuasa Pengarah Bebas AHLI - AHLI Ahli Azzat bin Kamaludin Jawatan Pengerusi Status Pengarah Kanan Bebas Bukan Eksekutif Pengarah Bebas Bukan Eksekutif Pengarah Bebas Bukan Eksekutif Pengarah Bebas Bukan Eksekutif

Member Azzat bin Kamaludin

Position Chairman

Status Senior Independent Non-Executive Director Independent NonExecutive Director Independent NonExecutive Director Independent NonExecutive Director

Dato’ Abdul Rahman bin Haji Ismail

Member

Dato’ Abdul Rahman bin Haji Ismail

Ahli

Ismael Fariz bin Ali

Member

Ismael Fariz bin Ali

Ahli

Shamsuddin bin Mohd Rasom (Resigned on 28 March 2003)

Member

Shamsuddin bin Mohd Rasom (Meletak jawatan pada 28 Mac 2003)

Ahli

The Board Committee was first established under the Board of Directors of TRI on 18 July 2002. Subsequently, as a result of the Internal Restructuring, the Committee was established under the Board on 10 October 2002. The primary role of the Board Committee was to review, evaluate and consider the acquisition or transfer of TM Cellular Sdn Bhd (“TCSB”) from Telekom Malaysia Berhad (“TMB”) and to recommend for approval or otherwise by the Board. The Board Committee’s specific responsibility was to satisfy itself that the terms of acquisition or transfer of TCSB from TMB were commercially justifiable and beneficial to Celcom. The Board Committee completed its evaluation, negotiation and presented its final recommendations to the Board on 15 October 2002. Notwithstanding that the Board Committee has completed its duties and responsibilities for which it was established, the Board has decided to continue with its existence until the completion of the proposed acquisition of TCSB.

Lembaga Jawatankuasa ini pertama kali ditubuhkan di bawah Lembaga Pengarah TRI pada 18 Julai 2002. Selepas itu, berikutan Penyusunan Semula Dalaman, Lembaga Jawatankuasa ini ditubuhkan di bawah Lembaga Pengarah pada 10 Oktober 2002. Peranan utama Lembaga Jawatankuasa adalah mengkaji semula, menilai dan mempertimbangkan pemerolehan atau pindahan TM Cellular Sdn Bhd (“TCSB”) daripada Telekom Malaysia Berhad (“TMB”) dan menyarankan supaya diluluskan atau sebaliknya oleh Lembaga Pengarah. Tanggungjawab khusus Lembaga Jawatankuasa adalah memenuhi terma-terma pemerolehan atau pindahan TCSB daripada TMB adalah wajar dari segi komersial dan memberikan faedah kepada Celcom. Lembaga Jawatankuasa menyempurnakan penilaian, perundingan, dan pengemukaan cadangan akhir kepada Lembaga Pengarah pada 15 Oktober 2002. Walaupun Lembaga Jawatankuasa telah menyempurnakan tugas-tugas dan tanggungjawab-tanggungjawab asal penubuhannya, Lembaga Pengarah telah memutuskan untuk meneruskan kewujudannya sehingga selesai pemerolehan TCSB yang dicadangkan itu.

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4. Supply of Information The Chairman delegates the responsibility for preparing the relevant notices, meeting agendas and board papers to the Company Secretary. The Company Secretary prepares an approximate schedule of Board and Board Audit Committee meetings a year in advance to ensure that adequate information can be circulated in a satisfactory form and timely manner. Prior to Board meetings, the Company Secretary distributes a formal schedule of matters and necessary board papers to all Directors. The Board reviews quarterly management performance reports. The Board also considers and endorses recommendations of Board Committees. All the Directors have direct access to the advice and services of the Company Secretary. The Board is advised and updated on statutory requirements pertaining to their duties and responsibilities as well as the appropriate procedures for management of meetings. Procedures are in place for Directors, in furtherance of their duties, to seek professional advice where necessary at the Company’s expense in order to fulfil their duties and specific responsibilities.

4. Bekalan Maklumat

Pengerusi memberikan tanggungjawab untuk menyediakan notis-notis yang berkaitan, agenda-agenda mesyuarat dan kertas mesyuarat pengarah kepada Setiausaha Syarikat. Setiausaha Syarikat menyediakan jadual anggaran bagi mesyuarat Lembaga Pengarah dan Lembaga Jawatankuasa Audit setahun lebih awal untuk memastikan bahawa maklumat yang mencukupi dapat diedarkan dalam bentuk yang memuaskan dan tepat pada masanya. Sebelum mesyuarat Lembaga Pengarah, Setiausaha Syarikat mengedarkan jadual rasmi bagi perkara-perkara mesyuarat pangarah dan kertas kerja mesyuarat pengarah yang perlu kepada semua Pengarah. Lembaga Pengarah mengkaji semula laporan prestasi pengurusan suku tahunan. Lembaga Pengarah juga menimbangkan dan mengendors saranan Jawatankuasajawatankuasa Lembaga Pengarah. Semua Pengarah boleh mendapatkan nasihat dan perkhidmatan secara langsung daripada Setiausaha Syarikat. Lembaga Pengarah dimaklumkan dan diberikan maklumat terkini tentang keperluan berkanun berkaitan dengan tugas-tugas dan tanggungjawab-tanggungjawab mereka serta prosedur yang betul untuk pengurusan mesyuarat. Prosedur-prosedur diatur untuk para Pengarah, bagi melanjutkan tugas mereka, mereka boleh mendapatkan nasihat profesional apabila perlu atas perbelanjaan Syarikat supaya tugas dan tanggungjawab khusus mereka dapat dipenuhi.

5. Board Appointment Process Pursuant to the best practices promulgated by the Code, the Board has established a Nominating & Remuneration Committee, consisting of four (4) Directors without executive functions, three (3) of whom are Independent. The Nominating & Remuneration Committee has recommended a formal and transparent procedure for the appointment of new Directors to the Board which has been duly adopted by the Board. (Please refer to Section B of this Statement for the principal duties and responsibilities of this Committee.)

5. Proses Perlantikan Lembaga Pengarah

Selaras dengan amalan terbaik seperti yang disebarluaskan melalui Kod, Lembaga Pengarah telah menubuhkan Jawatankuasa Penamaan & Ganjaran yang terdiri dari empat (4) Pengarah tanpa fungsi eksekutif, tiga (3) dari mereka adalah Bebas. Jawatankuasa Penamaan & Ganjaran telah menyarankan prosedur yang formal dan telus kepada Lembaga Pengarah bagi perlantikan Pengarah baru dan ia telah diterima pakai seperti yang sepatutnya oleh Lembaga Pengarah. (Sila rujuk Seksyen B dalam Penyata ini untuk mengetahui tugas-tugas dan tanggungjawab-tanggungjawab utama Jawatankuasa ini).

6. Re-election of Directors In accordance with the Company’s Articles of Association, all Directors appointed by the Board are subject to re-election by the shareholders at the Annual General Meeting (“AGM”) subsequent to their appointments. The Articles of Association also provides that Directors are subject to re-election at least once every three (3) years at the AGM.

6. Perlantikan Semula Para Pengarah

Menurut Tatacara Syarikat, semua Pengarah yang dilantik oleh Lembaga Pengarah tertakluk kepada perlantikan semula oleh para pemegang saham di Mesyuarat Agung Tahunan (“AGM”) selepas perlantikan mereka. Tatacara syarikat juga memperuntukkan bahawa para Pengarah tertakluk kepada

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The re-election of Directors would ensure that shareholders have a regular opportunity to assess the composition of the Board.

perlantikan semula sekurang-kurangnya sekali dalam setiap tiga (3) tahun di AGM. Perlantikan semula para Pengarah adalah untuk memastikan para pemegang saham sentiasa mempunyai peluang untuk menilai komposisi Lembaga Pengarah.

7. Directors’ Training All Directors, except one, have attended and successfully completed the Mandatory Accreditation Programme conducted by the Research Institute of Investment Analysis Malaysia. Directors will continue to attend various seminars and international conventions to keep abreast of developments, particularly in the telecommunications industry.

7. Latihan Para Pengarah

Semua Pengarah, kecuali seorang, telah menghadiri dan berjaya menamatkan Program Akreditasi Mandatori yang dikendalikan oleh Institut Penyelidikan Analisis Pelaburan Malaysia. Para Pengarah akan terus menghadiri pelbagai seminar dan konvensyen antarabangsa untuk mengikuti perkembangan terutamanya dalam industri telekomunikasi.

Section B: Directors’ Remuneration
1. Nominating & Remuneration Committee (“NRC”)
MEMBERS

Bahagian B: Ganjaran Pengarah
1. Jawatankuasa Penamaan & Ganjaran (“NRC”) AHLI-AHLI Ahli Dato’ Dr Mohd Munir bin Abdul Majid Jawatan Status

Member Dato’ Dr Mohd Munir bin Abdul Majid

Position Chairman

Status NonIndependent NonExecutive Director Independent NonExecutive Director Senior Independent Non-Executive Director Independent NonExecutive Director

Pengerusi Pengarah Bukan Bebas Bukan Eksekutif Ahli Pengarah Bebas Bukan Eksekutif Pengarah Kanan Bebas Bukan Eksekutif Pengarah Bebas Bukan Eksekutif

Dato’ Abdul Rahman bin Haji Ismail

Member

Dato’ Abdul Rahman bin Haji Ismail

Azzat bin Kamaludin

Member

Azzat bin Kamaludin

Ahli

Ismael Fariz bin Ali

Member

Ismael Fariz bin Ali

Ahli

The NRC was first established under the Board of Directors of TRI on 18 July 2002. Subsequently, as a result of the Internal Restructuring, the NRC was established under the Board on 10 October 2002. The main objectives of the NRC are:• to ensure that the Directors of the Board bring characteristics to the Board, which provide a required mix of responsibilities, skills and experience.

NRC pertama kali ditubuhkan di bawah Lembaga Pengarah TRI pada 18 Julai 2002. Selepas itu, berikutan Penyusunan Semula Dalaman, NRC ditubuhkan di bawah Lembaga Pengarah pada 10 Oktober 2002. Matlamat utama NRC adalah:• untuk memastikan bahawa Lembaga Pengarah memberikan ciri istimewa kepada Lembaga Pengarah yang menggabungkan tanggungjawab, kemahiran dan pengalaman yang diperlukan.

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to set the policy framework and to make recommendations to the Board on all elements of the remuneration, terms of employment, reward structure and fringe benefits for Directors with executive functions and other selected top management positions with the aim to attract, retain and motivate individuals of the highest quality.

•

untuk menentukan rangka dasar dan mengemukakan saranan kepada Lembaga Pengarah tentang semua unsur ganjaran, terma pengambilan kerja, struktur imbuhan dan faedah sampingan untuk para Pengarah yang mempunyai fungsi eksekutif serta jawatan pengurusan atasan terpilih yang lain dengan tujuan untuk menarik minat, mengekalkan dan merangsang individu berkualiti tinggi.

Principal Duties and Responsibilities A. Nominating Matters 1. Examine the size of the Board with a view to determine the number of Directors on the Board in relation to its effectiveness and ensure that at every annual general meeting, one-third of the Directors for the time being shall retire from office. A retiring Director shall be eligible for re-election. Every Director, including the GCEO, shall be subject to retirement at least once in every 3 years. 2. Review annually its required mix of skills and experience and other qualities, including core competencies which Non-Executive Directors should bring to the board and disclose the same in the Annual Report. 3. Recommend suitable orientation, educational and training programmes to continuously train and equip the existing and new Directors. 4. Ensure that the appointment of any Executive Director or GCEO shall be for a fixed term not exceeding three years at any one time with power to re-appoint, remove or dismiss thereafter. 5. Recommend to the Board candidates for all directorship in the Company and its Group to be filled by the Shareholders or the Board. Where the proposed candidates are from the Management of the Company and its Group, the NRC may seek the suggestion of the GCEO. 6. Review Board structure and balance of appointments between Executive and Non-Executive Directors. 7. Review adequacy of Committee structure of the Board Committees. 8. Review and recommend to the Board on the terms of reference of all Board Committees.

Tugas-tugas dan Tanggungjawab-tanggungjawab Utama

A. Hal-Ehwal Penamaan 1. Memeriksa saiz Lembaga Pengarah dengan tujuan untuk menentukan bilangan Pengarah dalam Lembaga Pengarah yang berkait dengan keberkesanannya dan memastikan bahawa di setiap mesyuarat agung tahunan, satu pertiga daripada para Pengarah harus bersara daripada jawatan buat sementara waktu. Pengarah yang bersara layak dilantik semula. Setiap pengarah, termasuk KPEK, akan tertakluk kepada persaraan sekurang-kurangnya sekali dalam setiap 3 tahun. 2. Mengkaji semula gabungan kemahiran dan pengalaman dan kualiti-kualiti lain yang diperlukannya pada setiap tahun, termasuk kecekapan teras yang disumbangkan oleh Pengarah Bukan Eksekutif kepada Lembaga Pengarah dan menzahirkan hal yang sama dalam Laporan Tahunan. 3. Mengesyorkan program orientasi, pendidikan dan latihan yang sesuai untuk melatih dan melengkapkan Pengarah sedia ada dan yang baru secara berterusan. 4. Memastikan bahawa perlantikan mana-mana Pengarah Eksekutif atau KPEK adalah untuk tempoh yang ditetapkan tidak melebihi tiga tahun pada satu-satu masa dengan kuasa untuk melantik semula, menyingkirkan atau memecat selepas itu. 5. Menyarankan kepada Lembaga Pengarah supaya calon untuk semua jawatan pengarah dalam Syarikat dan Kumpulannya diisi oleh Pemegang Saham atau Lembaga Pengarah. Jika calon yang dicadangkan adalah dari Pengurusan Syarikat dan Kumpulannya, NRC boleh meminta saranan KPEK. 6. Mengkaji semula struktur Lembaga Pengarah dan keseimbangan perlantikan antara Pengarah Eksekutif dengan yang Bukan Eksekutif. 7. Mengkaji semula kecukupan struktur Jawatankuasa dalam Jawatankuasa-jawatankuasa Lembaga Pengarah. 8. Mengkaji semula dan memberikan cadangan kepada Lembaga Pengarah tentang terma-terma rujukan bagi semua Jawatankuasa-jawatankuasa Lembaga Pengarah.

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9. Review and recommend to the Board on the appointment, upgrading and promotion of Chief Executive Officers of subsidiary companies.

9. Mengkaji semula dan memberikan cadangan kepada Lembaga Pengarah tentang perlantikan, peningkatan gred dan kenaikan pangkat Ketua Pegawai Eksekutif bagi anak-anak syarikat.

B. Remuneration Matters 1. Set, review, recommend and advise the policy framework on all elements of the remuneration such as reward structure, fringe benefits and other terms of employment of Executive Directors and the GCEO having regard to the overall Group policy guidelines / framework. 2. Advise the Board on the performance of the GCEO and an assessment of his/her entitlement to performance related pay. The NRC also should advise the GCEO on the remuneration and terms and conditions (and where appropriate, severance payments) of the senior staff (defined as the small group of staff who report direct to the GCEO). 3. Represent the public interest and avoid any inappropriate use of public funds when considering severance payments for senior staff. The committee should also exercise care to avoid determining a severance package that in public opinion might deem to be excessive. 4. Review the history of and proposals for the remuneration package of each of the Company’s Board Committee.

B. Hal-Ehwal Ganjaran 1. Menetapkan, mengkaji semula, mencadangkan dan memaklumkan rangka dasar bagi semua unsur ganjaran seperti struktur imbuhan, faedah sampingan dan terma pengambilan kerja bagi Pengarah Eksekutif dan KPEK dengan mengambil kira keseluruhan garis panduan/rangka dasar Kumpulan. 2. Memaklumkan Lembaga Pengarah tentang prestasi KPEK dan penilaian kelayakannya bagi memastikan gajinya setimpal dengan prestasinya. NRC juga hendaklah memaklumkan KPEK tentang ganjaran serta terma-terma dan syarat-syarat (dan jika wajar, gaji pemberhentian) bagi kakitangan kanan (didefinasikan sebagai sekumpulan kecil pekerja yang melapor terus kepada KPEK). 3. Mewakili kepentingan awam dan mengelakkan sebarang penggunaan tidak wajar ke atas dana awam semasa menimbangkan gaji pemberhentian untuk kakitangan kanan. Jawatankuasa juga harus berhati-hati untuk tidak memberikan pakej pemberhentian yang mengikut pendapat umum, mungkin dianggap keterlaluan. 4. Mengkaji semula sejarah dan cadangan pakej ganjaran bagi setiap Lembaga Jawatankuasa Syarikat.

2. Details of Directors’ Remuneration Remuneration of Directors entrusted with executive functions comprised salary, allowances and bonuses. Other customary benefits are also made available as appropriate. Salary reviews take into account market rates and the performance of both the individual and the Group. The Board of Directors of TRI Details of the nature and amount of each major remuneration element of each Directors of TRI, for the period from 1 January 2002 up to 30 September 2002 are as follows:Director Pengarah Salary Gaji Allowances Elaun

2. Butiran Ganjaran Para Pengarah Ganjaran Pengarah yang diberikan fungsi eksekutif mengandungi gaji, elaun, dan bonus. Faedah biasa yang lain juga diberikan jika perlu. Semakan semula gaji mengambil kira kadar pasaran dan prestasi individu dan Kumpulan. Lembaga Pengarah TRI Berikut ialah perincian jenis dan jumlah setiap unsur ganjaran yang utama untuk setiap Pengarah TRI, bagi tempoh bermula daripada 1 Januari 2002 sehingga 30 September 2002:-

Benefits-in-kind Fees Fi Bonus Advisory Fees Bonus Fi Penasihat
Manafaat Berbentuk Barangan

Total Jumlah

TRI – 1.1.2002 to hingga 30.9.2002 Dato’ Dr Mohd Munir bin Abdul Majid Dato’ Dr Md Khir bin Abdul Rahman 30,000 132,444 9,583 4,471 166,915 205 9,788

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Director Pengarah Rosli bin Man Dato’ Lim Kheng Guan Tan Poh Keat Azzat bin Kamaludin Ismael Fariz bin Ali Dato’ Abdul Rahman bin Haji Ismail Dato’ Ng Kong Yeam Shamsuddin bin Mohd Rasom Axel Hass Oliver Tim Axmann Joerg Andreas Boy Tan Sri Dato’ Tajudin bin Ramli Bistamam bin Ramli Dato’ Lim Kheng Yew Tuan Haji Mohamed Ali bin Yusoff Joachim Gronau Dieter Sieber Total Jumlah

Salary Gaji 73,500 796,000 300,000 480,000 1,649,500

Allowances Elaun 263,258 99,572 368,400 12,517 773,747

Fees Fi 11,500 11,000 1,667 16,750 16,500 31,250 20,750 33,250 18,750 4,500 3,500 17,500 328,944

Bonus Bonus 600,000 157,500 360,000 1,117,500

Advisory Fees Fi Penasihat 129,500 129,500

Benefits-in-kind Manafaat Berbentuk Barangan 205 205 68 205 205 614 614 614 6,914 9,550 13,775 13,775 7,350 58,766

Total Jumlah 11,705 11,205 1,735 16,955 16,705 31,864 21,364 33,864 18,750 84,914 3,500 1,668,808 570,847 1,222,175 149,367 17,500 4,057,957

The Board Details of the nature and amount of each major remuneration element of each Directors of Celcom, from 1 October 2002 until 31 December 2002 are as follows:-

Lembaga Pengarah Berikut ialah perincian jenis dan jumlah setiap unsur imbuhan yang utama untuk setiap Pengarah Celcom, bagi tempoh bermula daripada 1 Oktober 2002 sehingga 31 Disember 2002:-

Director Pengarah Celcom – 1.10.2002 to hingga 31.12.2002 Dato’ Dr Mohd Munir bin Abdul Majid Dato’ Mohamed Yunus Ramli bin Abbas Rosli bin Man Dato’ Lim Kheng Guan Tan Poh Keat Azzat bin Kamaludin Ismael Fariz bin Ali Dato’ Abdul Rahman bin Haji Ismail Dato’ Ng Kong Yeam Shamsuddin bin Mohd Rasom

Salary Gaji

Allowances Elaun

Fees Fi

Bonus Bonus

Advisory Fees Fi Penasihat

Benefits-in-kind Manafaat Berbentuk Barangan

Total Jumlah

200,000 -

30,000 2,278 29,746 -

40,250 9,750 10,750 9,750 12,250 11,500 13,250 10,750 11,500

-

-

4,471 9,489 205 205 205 205 205 205 205 205

74,721 211,767 9,955 40,701 9,955 12,455 11,705 13,455 10,955 11,705

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Director Pengarah Axel Hass Oliver Tim Axmann Joerg Andreas Boy Dieter Sieber Joachim Gronau Dr Frank-Reinhard Bartsch Tan Sri Dato’ Tajudin bin Ramli Bistamam bin Ramli Tuan Haji Mohamed Ali bin Yusoff Total Jumlah

Salary Gaji 24,500 224,500 1,874,000

Allowances Elaun 149 62,173 835,920

Fees Fi 9,000 750 9,750 149,250 478,194

Bonus Bonus 1,117,500

Advisory Fees Fi Penasihat 129,500

Benefits-in-kind Manafaat Berbentuk Barangan 2,305 17,901 76,667

Total Jumlah 9,000 27,704 9,750 453,824 4,511,781

Section C: Shareholders
The Board acknowledges its role in representing and promoting the interest of shareholders and that it is accountable to the shareholders for the performance and activities of the Group. Formal channels of communication are used to account to shareholders for the performance of the Group. One of the most important means to communicate with shareholders and investors is through the Annual Report, which is published in Bahasa Malaysia and English. The Annual Report is despatched to shareholders and quarterly results are announced to the KLSE in a timely manner. Established procedures are in place to ensure the timely public release of share price sensitive information. Any information which may be regarded as undisclosed material information about the Group will not be given to any single shareholder until after the prescribed announcement to the KLSE has been made. A website (www.celcom.com.my) has been established for access by shareholders for information. Alternatively, any concerns pertaining to the Group may be conveyed to Azzat bin Kamaludin, who has been nominated as the Senior Independent Non-Executive Director. At all times, shareholders may contact the Company Secretary at the Company’s registered address and telephone number to convey any concerns or to make queries. The KLSE also provides for the Company to electronically publish all its announcements including its quarterly results and Annual Reports through KLSE internet website at http://www.announcements.klse.com.my.

Bahagian C: Pemegang Saham
Lembaga Pengarah mengakui peranannya dalam mewakili dan mempromosikan kepentingan para pemegang saham selain bertanggungjawab kepada para pemegang saham terhadap prestasi dan aktiviti Kumpulan. Saluran komunikasi yang rasmi digunakan untuk memaklumkan prestasi Kumpulan kepada para pemegang saham. Salah satu saluran yang paling penting untuk berkomunikasi dengan para pemegang saham dan pelabur adalah melalui Laporan Tahunan yang diterbitkan dalam Bahasa Malaysia dan Bahasa Inggeris. Laporan Tahunan dihantar kepada pemegang saham dan keputusan suku tahun diumumkan kepada BSKL tepat mengikut masa. Prosedur yang telah ditetapkan digunakan untuk memastikan maklumat yang sensitif berkenaan dengan harga saham diumumkan kepada pihak awam tepat mengikut masa. Sebarang maklumat yang mungkin dianggap sebagai maklumat penting yang dirahsiakan tentang Kumpulan tidak akan diberi kepada mana-mana pemegang saham sehingga selepas pengumuman kepada BSKL. Laman web (www.celcom.com.my) telah diwujudkan untuk memudahkan para pemegang saham mendapatkan maklumat. Selain itu, sebarang masalah berkaitan dengan Kumpulan boleh disampaikan kepada Azzat bin Kamaludin yang telah dilantik sebagai Pengarah Kanan Bebas Bukan Eksekutif. Pada bila-bila masa, para pemegang saham boleh menghubungi Setiausaha Syarikat di alamat berdaftar dan nombor telefon Syarikat untuk menyampaikan sebarang masalah atau untuk membuat pertanyaan. BSKL juga menyediakan kemudahan menyiarkan semua pengumuman secara elektronik untuk Syarikat, termasuk keputusan suku tahun dan Laporan Tahunannya melalui laman web internet BSKL di alamat http://www.announcements.klse.com.my.

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The Annual General Meeting (“AGM”) is the principal forum for dialogue with shareholders to inform shareholders and investors of current developments. Notice of the AGM and the Annual Report are sent out to shareholders at least 21 days before the date of the meeting. In addition to the administrative agenda for the AGM, the Board presents the progress and performance of the business as contained in the Annual Report and provides opportunities for shareholders to raise questions pertaining to the business activities of the Group. Where Extraordinary General Meetings (“EGM”) are held to obtain shareholders approval on certain business or corporate proposals, comprehensive circulars to shareholders would be sent within prescribed deadlines in accordance with regulatory and statutory provisions. The Chairman, the GCEO, the Chief Financial Officer (“CFO”) and senior members of management will be present, if deemed necessary, during the AGM, to provide responses to questions from the shareholders during these meetings.

Mesyuarat Agung Tahunan (“AGM”) merupakan forum utama untuk mengadakan dialog dengan para pemegang saham untuk memberitahu para pemegang saham dan pelabur tentang perkembangan semasa. Notis AGM dan Laporan Tahunan dihantar kepada para pemegang saham sekurang-kurangnya 21 hari sebelum tarikh mesyuarat. Di samping agenda pentadbiran untuk AGM, Lembaga Pengarah membentangkan kemajuan dan prestasi perniagaan seperti yang terkandung dalam Laporan Tahunan dan memberi peluang kepada para pemegang saham untuk mengemukakan soalan berkaitan dengan aktiviti-aktiviti perniagaan Kumpulan. Bilamana Mesyuarat Agung Luar Biasa (“EGM”) diadakan untuk mendapatkan kelulusan para pemegang saham tentang cadangan perniagaan atau korporat yang tertentu, pekeliling lengkap kepada para pemegang saham akan dihantar dalam tempoh tarikh akhir yang ditetapkan, selaras dengan peruntukan kawal selia dan berkanun. Pengerusi, KPEK, Ketua Pegawai Kewangan dan kakitangan kanan dalam pengurusan akan hadir semasa AGM, jika dianggap perlu, untuk menjawab soalan daripada para pemegang saham ketika berlangsungnya mesyuarat tersebut.

Bahagian D: Hubungan Pelabur Section D: Investor Relations
In line with good corporate governance practices, Group Corporate Communications proactively and actively disseminates relevant information about the Group to the investment community, specifically fund managers and analysts. Regular contacts to provide accurate and timely information are established through roadshows, company visits, one on one meetings, teleconference and emails. Celcom participates actively in local and overseas investor conferences. The Chairman, the GCEO and the CFO are actively involved in investor relation activities and they meet fund managers and analysts regularly. Information that is disseminated to the investment community conforms to KLSE disclosure rules and regulations. Care has been taken to ensure that no market sensitive information, such as corporate proposals, financial results and other material information, is disseminated to any parties without first making an official announcement to the KLSE.

Sejajar dengan amalan tadbir urus korporat yang baik, bahagian Hubungan Korporat Kumpulan secara proaktif dan aktif menyebarkan maklumat yang berkaitan tentang Kumpulan kepada komuniti pelaburan, khususnya pengurus dana dan penganalisis. Melalui pameran bergerak, lawatan syarikat, pertemuan antara satu sama satu, telesidang dan e-mel, terjalin hubungan dalam usaha untuk menyampaikan maklumat yang tepat dan mengikut masa. Celcom aktif menyertai persidangan pelabur yang diadakan di dalam dan di luar negara. Pengerusi, KPEK dan Ketua Pegawai Kewangan terlibat secara aktif dalam aktiviti hubungan pelabur dan mereka kerap berjumpa dengan pengurus dana dan penganalisis. Maklumat yang disebarkan kepada komuniti pelaburan adalah mematuhi kaedah dan peraturan penzahiran BSKL. Pengawasan diambil bagi memastikan bahawa tiada maklumat pasaran yang sensitif seperti cadangan korporat, keputusan kewangan dan maklumat penting lain disebarkan kepada mana-mana pihak tanpa diumumkan secara rasmi kepada BSKL.

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Section E: Accountability and Audit
1. Financial Reporting The Board aims to provide and present a balanced and meaningful assessment of the Group’s Financial Performance and prospects at the end of the financial year, primarily through the annual financial statements, quarterly and half yearly announcements of the results to shareholders as well as the Chairman’s Statement and review of operations in the Annual Report. The Board is assisted by the Board Audit Committee (“BAC”) to oversee the Group’s financial reporting processes and the quality of its financial reporting. 2. State of Internal Control The Board acknowledges its overall responsibility for maintaining a sound system of internal controls to safeguard shareholders’ investment and Group’s assets. The Statement on Internal Control is set out on pages 64 to 66 of the Annual Report and provides an overview of the state of internal control within the Group. 3. Relationship with the Auditors An appropriate relationship is maintained with the Company’s Auditors through the BAC. The BAC has been explicitly accorded the power to communicate directly with both the External and Internal Auditors. A full BAC Report and its Terms of Reference, detailing its role in relation to the Auditors is set out on pages 56 to 63 of the Annual Report. 4. Compliance with the Code As at the end of the financial year, the Board considers that the Group is in compliance with the Principles and Best Practices of the Code. This statement is made in accordance with the Board of Directors’ Resolution dated 25 February 2003.

Bahagian E: Kebertanggungjawaban dan Audit
1. Laporan Kewangan Lembaga Pengarah berhasrat memberikan dan mengemukakan penilaian yang seimbang dan bermakna terhadap Prestasi Kewangan Kumpulan serta prospek Kumpulan pada akhir tahun kewangan, terutamanya melalui penyata kewangan tahunan, pengumuman keputusan suku tahun dan setengah tahun kepada para pemegang saham dan juga Perutusan Pengerusi dan kajian semula operasi dalam Laporan Tahunan. Lembaga Pengarah dibantu oleh Lembaga Jawatankuasa Audit untuk mengawal proses penyediaan laporan kewangan Kumpulan dan mutu laporan kewangannya. 2. Keadaan Kawalan Dalaman Lembaga Pengarah memaklumi keseluruhan tanggungjawabnya untuk mengekalkan sistem kawalan dalaman yang mantap bagi melindungi pelaburan para pemegang saham dan aset Kumpulan. Penyata Kawalan Dalaman dinyatakan dalam halaman 64 hingga 66 dalam Laporan Tahunan dan memberikan gambaran menyeluruh tentang keadaan kawalan dalaman Kumpulan. 3. Hubungan dengan Juruadit Hubungan yang wajar dengan Juruaudit Syarikat dipelihara melalui Lembaga Jawatankuasa Audit. Lembaga Jawatankuasa Audit telah diberikan kuasa secara jelas untuk berhubung terus dengan Juruaudit Dalaman dan Luar. Laporan Lembaga Jawatankuasa Audit yang penuh dan Terma-terma Rujukan, yang memperincikan peranannya berhubung dengan Juruaudit tertera pada halaman 56 hingga 63 dalam Laporan Tahunan. 4. Pematuhan kepada Kod Pada akhir tahun kewangan, Lembaga Pengarah menganggap bahawa Kumpulan mematuhi Prinsip dan Amalan Terbaik Kod. Penyata ini disediakan selaras dengan Resolusi Lembaga Pengarah bertarikh 25 Februari 2003.

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STATEMENT ON DIRECTORS’ RESPONSIBILITY IN RELATION TO THE FINANCIAL STATEMENTS
PENYATA TANGGUNGJAWAB PENGARAH BERHUBUNG DENGAN PENYATA KEWANGAN
The Directors are required by the Companies Act, 1965 to ensure that financial statements prepared for each financial year give a true and fair view of the state of affairs of the Company and the Group as at the end of the financial year and of the results and cash flow of the Group for the financial year. The Directors consider that in presenting the financial statements, the Group has used appropriate accounting policies, consistently applied and supported by reasonable and prudent judgments and estimates. The Directors have a general responsibility for ensuring that the Company and the Group keep accounting records and financial statements, which disclose with reasonable accuracy the financial position of the Company and the Group. Efforts are made to ensure that such financial statements comply with the Companies Act, 1965, approved accounting standards in Malaysia and other regulatory provisions. The Directors have general responsibilities for taking such steps that are reasonably available to them to safeguard the assets of the Group, and to prevent fraud and other irregularities.

Mengikut Akta Syarikat, 1965, para Pengarah dikehendaki memastikan bahawa penyata kewangan yang disediakan bagi setiap tahun kewangan memberikan gambaran yang benar dan saksama tentang hal-ehwal Syarikat dan Kumpulan pada akhir tahun kewangan serta keputusan dan aliran tunai Kumpulan bagi tahun kewangan tersebut. Para Pengarah berpendapat bahawa di dalam menyediakan penyata kewangan, Kumpulan telah menggunakan dasardasar perakaunan yang sesuai, menggunapakainya secara konsisten dan disokong oleh pertimbangan dan anggaran yang munasabah dan berhemat. Para Pengarah mempunyai tanggungjawab menyeluruh untuk memastikan yang Syarikat dan Kumpulan menyimpan rekod perakaunan dan penyata kewangan yang menzahirkan dengan ketepatan yang munasabah tentang kedudukan kewangan Syarikat dan Kumpulan. Usaha telah dilaksanakan untuk memastikan bahawa penyata kewangan tersebut mematuhi Akta Syarikat, 1965, piawaian perakaunan yang diterimapakai di Malaysia dan peruntukan kawalselia yang lain. Para Pengarah mempunyai tanggungjawab menyeluruh untuk mengambil pelbagai langkah yang mereka anggap wajar untuk melindungi aset Kumpulan dan mencegah fraud dan sebarang keadaan lain yang di luar aturan.

ADDITIONAL COMPLIANCE STATEMENT
PENYATA PEMATUHAN TAMBAHAN
PARA 9.25 OF KLSE LISTING REQUIREMENTS
Offence (as at 10 March 2003) None of the Directors have been convicted of any offence for the past 10 years. Conflict of Interest (as at 10 March 2003) There has not been any conflict of interest between any of the Directors and the Company. Utilisation of Proceeds Save as disclosed in the 2001 Annual Report, there was no utilisation of proceeds during the financial year. Share Buybacks During the financial year, the Company did not enter into any share buyback transactions. Options, Warrants or Convertible Securities No options, warrants or convertible securities were exercised during the financial year. American Depository Receipt (“ADR”) or Global Depository Receipt (“GDR”) Programme (as at 10 March 2003) The Company did not sponsor any ADR or GDR programme.

PERENGGAN 9.25 PERATURAN-PERATURAN PENYENARAIAN BSKL
Kesalahan (setakat 10 Mac 2003) Tiada Pengarah yang disabitkan dengan sebarang kesalahan dalam tempoh 10 tahun lepas. Konflik Kepentingan (setakat 10 Mac 2003) Tiada konflik kepentingan berlaku di antara mana-mana Pengarah dan Syarikat. Penggunaan Hasil Kutipan Selain yang dizahirkan di dalam Laporan Tahunan 2001, tiada penggunaan hasil kutipan berlaku semasa tahun kewangan. Belian Balik Saham Dalam tahun kewangan, Syarikat tidak melaksanakan sebarang kegiatan belian balik saham. Opsyen, Waran atau Sekuriti Boleh Tukar Tiada opsyen, waran atau sekuriti boleh tukar dilaksanakan semasa tahun kewangan. Program Penerimaan Depositori Amerika (“ADR”) atau Penerimaan Depositori Global (“GDR”) (setakat 10 Mac 2003) Syarikat tidak menaja mana-mana program ADR atau GDR.

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Imposition of Sanctions and Penalties (as at 10 March 2003) There were no sanctions or penalties imposed on the Company and its subsidiaries, directors or management by the relevant regulatory bodies. Non-Audit Fees The amount of non-audit fees paid to the external auditors by the Group for the financial year amounted to RM952,005. Variation in Results There were no variances of 10% or more between the results for the financial year and the unaudited results and the profit forecast previously announced. Profit Guarantee During the financial year, there were no profit guarantees given by the Company. Material Contracts Save as disclosed below, there are no other material contracts entered into by the Company or its subsidiaries, involving directors and major shareholders interests during the financial year:An Amended and Restated Supplemental Agreement dated 4 April 2002 (“Amended and Restated Agreement”) was executed between the Company, Technology Resources Industries Berhad (“TRI”), DeTeAsia Holding GmbH (“DeTeAsia”) and TR International Limited. This Amended and Restated Agreement was entered into to amend in its entirety the terms set out in a Supplemental Agreement dated 7 February 2002. This Supplemental Agreement was entered into to amend the terms of a Subscription Agreement dated 25 June 1996 made between TRI and Deutsche Telekom AG (“DTAG”) and a Management Agreement dated 26 September 1996 made between TRI, the Company, DTAG and TR International Limited. DTAG had subsequently assigned all its rights under these two agreements to DeTeAsia. Revaluation Policy The revaluation policy is disclosed in Note 2(g) of the financial statements. List of Properties The list of properties is stated on pages 138 to 143 of the Annual Report. PARA 10.09(1) OF KLSE LISTING REQUIREMENTS Significant related party transactions of the Group during the financial year are disclosed in Note 31 of the financial statements. The Company will be seeking the renewal of and/or new shareholders’ mandate for recurrent related party transaction at this forthcoming AGM.

Pengenaan Sekatan dan Denda (setakat 10 Mac 2003) Tiada sekatan atau denda dikenakan ke atas Syarikat dan subsidiarisubsidiarinya, para Pengarah atau pihak pengurusan oleh badan kawalselia yang berkaitan. Yuran Bukan Audit Jumlah yuran bukan audit yang dibayar kepada juruaudit luaran oleh Kumpulan untuk tahun kewangan berjumlah RM952,005. Perbezaan Laporan Kewangan Keputusan untuk tahun kewangan dan laporan belum diaudit berbanding dengan jangkaan keuntungan yang diumumkan sebelumnya tidak menyamai atau melebihi 10% perbezaan. Jaminan Keuntungan Dalam tahun kewangan, tiada jaminan keuntungan diberi oleh Syarikat. Kontrak Material Selain yang dizahirkan di bawah, tiada kontrak material dimasuki oleh Syarikat atau subsidiari-subsidiari, yang melibatkan para Pengarah dan kepentingan para pemegang saham utama dalam tahun kewangan:Perjanjian Tambahan bagi Pindaan dan Pernyataan Semula bertarikh 4 April 2002 (“Perjanjian Pindaan dan Pernyataan Semula”) telah disempurnakan di antara Syarikat, Technology Resources Industries Berhad (“TRI”), DeTeAsia Holding GmbH (“DeTeAsia”) dan TR International Limited. Perjanjian Pindaan dan Pernyataan Semula ini disempurnakan untuk meminda terma-terma yang ditetapkan di dalam Perjanjian Tambahan bertarikh 7 Februari 2002. Perjanjian Tambahan ini disempurnakan untuk meminda syarat-syarat Perjanjian Langganan bertarikh 25 Jun 1996 di antara TRI dan Deutsche Telekom AG (“DTAG”) dan Perjanjian Pengurusan bertarikh 26 September 1996 di antara TRI, Syarikat, DTAG dan TR International Limited. DTAG berikutnya telah menyerahhak kesemua hak-haknya di bawah dua Perjanjian ini kepada DeTeAsia. Polisi Penilaian Semula Polisi penilaian semula didedahkan dalam Nota 2(g) penyata kewangan. Senarai Hartanah Senarai hartanah dinyatakan di antara halaman 208 ke 213 Laporan Tahunan ini. PERENGGAN 10.09(1) PERATURAN-PERATURAN PENYENARAIAN BSKL Urusniaga penting pihak berkaitan Kumpulan untuk tahun kewangan dizahirkan dalam Nota 31 penyata kewangan. Syarikat akan berusaha mendapatkan pembaharuan mandat dan/atau mandat baru para pemegang saham untuk urusniaga berulang dengan pihak berkaitan di Mesyuarat Agung Tahunan yang akan datang ini.

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LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

BOARD AUDIT COMMITTEE REPORT
LAPORAN LEMBAGA JAWATANKUASA AUDIT

Introduction This report has been prepared after taking into consideration that the activities and the terms of reference described in this report were, prior to the internal restructuring, which included the transfer of listing status (“Internal Restructuring”) of Technology Resources Industries Berhad (“TRI”) to Celcom (Malaysia) Berhad (“Celcom”) as described in more detail on page 92 of this Annual Report, under the purview of the Audit Committee of TRI. Accordingly, in arriving at the report set out below, the Board of Directors of Celcom (“Board”) has included pertinent information on the activities of the Audit Committee of TRI so that the activities are reported for the full financial year. This is on the basis that the Internal Restructuring that was completed on 10 October 2002 did not materially and significantly alter the manner in which the Board Audit Committee of Celcom (“Board Audit Committee”) undertakes its roles and responsibilities.

Pengenalan

Laporan ini telah disediakan selepas mengambil kira bahawa aktiviti-aktiviti dan bidang tugas yang dinyatakan dalam laporan ini adalah di bawah skop Jawatankuasa Audit TRI, sebelum penyusunan semula dalaman yang melibatkan pindahan status penyenaraian (“Penyusunan Semula Dalaman”) Technology Resources Industries Berhad (“TRI”) kepada Celcom (Malaysia) Berhad (“Celcom”), seperti yang dinyatakan dengan lebih terperinci dalam halaman 162 dalam Laporan Tahunan ini. Dengan itu, dalam menyediakan laporan yang dikemukakan di bawah, Lembaga Pengarah Celcom (“Lembaga Pengarah”) telah memasukkan maklumat yang berkaitan dengan aktiviti Jawatankuasa Audit TRI supaya aktiviti berkenaan dapat dilaporkan di dalam tahun kewangan penuh. Ini dilakukan berdasarkan Penyusunan Semula Dalaman yang disempurnakan pada 10 Oktober 2002 yang tidak mengubah dengan banyak dan ketara cara Lembaga Jawatankuasa Audit Celcom (“Lembaga Jawatankuasa Audit”) melaksanakan peranan dan tanggungjawabnya berhubung dengan perkara ini.

Membership Keahlian Audit Committee of TRI During the financial year up to the completion of the Internal Restructuring, the members of the Audit Committee were as follows:Member Dato’ Abdul Rahman bin Haji Ismail Dato’ Ng Kong Yeam Shamsuddin bin Mohd Rasom Dato’ Lim Kheng Yew
(Resigned on 3 July 2002)

Jawatankuasa Audit TRI

Dalam tahun kewangan sehingga selesainya Penyusunan Semula Dalaman, ahli Jawatankuasa Audit adalah seperti yang berikut:Ahli Dato’ Abdul Rahman bin Haji Ismail Kedudukan Status Pengerusi Pengarah Bebas Bukan Eksekutif

Position Status Chairman Independent Non-Executive Director Member Member Member Member Independent Non-Executive Director Independent Non-Executive Director Executive Director Non-Independent Non-Executive Director

Dato’ Ng Kong Yeam Shamsuddin bin Mohd Rasom Dato’ Lim Kheng Yew
(Meletak jawatan pada 3 Julai 2002)

Ahli Ahli Ahli

Pengarah Bebas Bukan Eksekutif Pengarah Bebas Bukan Eksekutif Pengarah Eksekutif

Dato’ Lim Kheng Guan
(Appointed on 3 July 2002)

Dato’ Lim Kheng Guan
(Dilantik pada 3 Julai 2002)

Ahli

Pengarah Bukan Bebas Bukan Eksekutif

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Board Audit Committee The Board Audit Committee was established on 10 October 2002 after the completion of the Internal Restructuring. With effect from the date of its establishment, the members of the Board Audit Committee are as follows:Member Dato’ Abdul Rahman bin Haji Ismail Dato’ Ng Kong Yeam Dato’ Lim Kheng Guan Shamsuddin bin Mohd Rasom (Resigned on
28 March 2003)

Lembaga Jawatankuasa Audit

Lembaga Jawatankuasa Audit telah ditubuhkan pada 10 Oktober 2002 selepas selesainya Penyusunan Semula Dalaman. Berkuat kuasa dari tarikh penubuhannya, ahli Lembaga Jawatankuasa Audit adalah seperti yang berikut:Ahli Dato’ Abdul Rahman bin Haji Ismail Kedudukan Status Pengerusi Pengarah Bebas Bukan Eksekutif

Position Status Chairman Independent Non-Executive Director Member Member Member Independent Non-Executive Director Non-Independent Non-Executive Director Independent Non-Executive Director Senior Independent Non-Executive Director

Dato’ Ng Kong Yeam Dato’ Lim Kheng Guan

Ahli Ahli

Pengarah Bebas Bukan Eksekutif Pengarah Bukan Bebas Bukan Eksekutif Pengarah Bebas Bukan Eksekutif Pengarah Kanan Bebas Bukan Eksekutif

Shamsuddin bin Mohd Rasom (Meletak jawatan pada 28 Mac 2003)

Ahli

Azzat bin Kamaludin
(Appointed on 28 March 2003)

Member

Azzat bin Kamaludin

Ahli

(Dilantik jawatan pada 28 Mac 2003)

Members of the Board Audit Committee shall not have a relationship which, in the opinion of the Board, would interfere with the exercise of independent judgment in carrying out the functions of the Board Audit Committee. Members of the Board Audit Committee shall possess sound judgment, objectivity, independent attitude, management experience and knowledge of the industry. Dato’ Lim Kheng Guan who is a Non-Independent Non-Executive Director is a Member of the Malaysian Institute of Accountants (MIA).

Ahli Lembaga Jawatankuasa Audit tidak boleh mempunyai hubungan yang, mengikut pendapat Lembaga Pengarah, boleh mengganggu perlaksanaan keputusan bebas ketika menjalankan fungsi Jawatankuasa Audit Lembaga. Ahli Lembaga Jawatankuasa Audit hendaklah mempunyai pertimbangan yang baik, bersifat objektif, berpendirian bebas, mempunyai pengalaman dalam bidang pengurusan dan pengetahuan dalam industri. Dato’ Lim Kheng Guan yang merupakan Pengarah Bukan Bebas dan Bukan Eksekutif ialah Ahli Institut Akauntan Malaysia (MIA).

Terms of Reference The Board Audit Committee is a sub-committee of the Board and its terms of reference are as set out in pages 59 to 63 of this Annual Report.

Terma-terma Rujukan

Lembaga Jawatankuasa Audit ialah jawatankuasa kecil Lembaga Pengarah dan terma-terma rujukannya tertera pada halaman 59 hingga 63 dalam Laporan Tahunan ini.

Meetings Audit Committee of TRI During the financial year up to the completion of the Internal Restructuring, the TRI Audit Committee met four (4) times. Details of attendance of the Directors at the TRI Audit Committee are as follows: Director Dato’ Abdul Rahman bin Haji Ismail Dato’ Ng Kong Yeam Shamsuddin bin Mohd Rasom Dato’ Lim Kheng Guan Dato’ Lim Kheng Yew Attendance 4/4 2/4 4/4 2/2 1/2

Mesyuarat Jawatankuasa Audit TRI

Dalam tahun kewangan sehingga selesainya Penyusunan Semula Dalaman, Jawatankuasa Audit TRI bermesyuarat sebanyak empat (4) kali. Butiran kehadiran Pengarah berkenaan dalam Jawatankuasa Audit TRI adalah seperti yang berikut:
Pengarah Dato’ Abdul Rahman bin Haji Ismail Dato’ Ng Kong Yeam Shamsuddin bin Mohd Rasom Dato’ Lim Kheng Guan Dato’ Lim Kheng Yew Kehadiran 4/4 2/4 4/4 2/2 1/2

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Celcom (Malaysia) Berhad

(167469-A)

Board Audit Committee From the date of its establishment on 10 October 2002 to the end of the financial year, the Board Audit Committee met two (2) times. Details of attendance of the Directors at the Board Audit Committee are as follows:Director Dato’ Abdul Rahman bin Haji Ismail Dato’ Ng Kong Yeam Shamsuddin bin Mohd Rasom Dato’ Lim Kheng Guan Attendance 2/2 2/2 2/2 2/2

Lembaga Jawatankuasa Audit

Berkuat kuasa dari tarikh penubuhannya pada 10 Oktober 2002 sehingga akhir tahun kewangan, Lembaga Jawatankuasa Audit bermesyuarat sebanyak dua (2) kali. Butiran kehadiran Pengarah dalam Lembaga Jawatankuasa Audit adalah seperti yang berikut:Pengarah Dato’ Abdul Rahman bin Haji Ismail Dato’ Ng Kong Yeam Shamsuddin bin Mohd Rasom Dato’ Lim Kheng Guan Kehadiran 2/2 2/2 2/2 2/2

Senior management members, the Head of Internal Audit Department and the Group’s External Auditors attended these Board Audit Committee Meetings at the invitation of the Board Audit Committee.

Anggota pengurusan kanan, Ketua Jabatan Audit Dalaman dan Juruaudit Luar Kumpulan menghadiri Mesyuarat Lembaga Jawatankuasa Audit ini atas jemputan Lembaga Jawatankuasa Audit.

Summary of Activities Audit Committee of TRI The activities of the Audit Committee of TRI were primarily in accordance with its duties, as set out in its terms of reference, which has been adopted by the Board with appropriate amendments. (Refer to the Terms of Reference) Board Audit Committee Apart from its duties as set out in its terms of reference, the Board Audit Committee also carried out the following activities during the period:i. Established and formalised the Corporate Governance and Risk Advisory Committee (“CGRAC”); Considered new updates and developments of best business practices and exposure drafts principally on Corporate Governance, statutory and regulatory requirements, compliance with accounting standards and other business guidelines;

Ringkasan Aktiviti Jawatankuasa Audit TRI

Aktiviti Jawatankuasa Audit TRI adalah terutamanya selaras dengan tugasnya, seperti yang dinyatakan dalam terma-terma rujukan, yang diterima pakai oleh Lembaga Pengarah dengan pindaan yang sesuai. (Rujuk kepada Terma-terma Rujukan)
Lembaga Jawatankuasa Audit

Selain tugasnya seperti yang dinyatakan di dalam terma-terma rujukan, Lembaga Jawatankuasa Audit juga menjalankan aktiviti berikut dalam tempoh tersebut:i. Menubuhkan dan memformalkan Jawatankuasa Tadbir Urus Korporat dan Penasihat Risiko (“CGRAC”); Menimbangkan maklumat terkini dan perkembangan amalan perniagaan terbaik serta draf pendedahan terutamanya tentang Tadbir Urus Korporat, keperluan berkanun dan kawalselia, sejajar dengan piawai perakaunan dan garis panduan perniagaan yang lain; Melaksanakan proses yang berterusan untuk mengenalpasti, menilai dan menangani risiko yang ketara yang boleh menjejaskan pencapaian matlamat perniagaan Kumpulan yang dijalankan ketika ini. Proses ini termasuk menilai semula dan memperlengkapkan rangka pengurusan risiko sedia ada serta mengkaji semula kecukupan sistem kawalan dalaman sekarang untuk menangani risiko utama yang dikenal pasti;

ii.

ii.

iii. Embarked on an ongoing process to identify, evaluate and manage significant risks that affect the achievement of the Group’s business objectives, which is currently in progress. This process includes a re-assessment and refinement of the existing risk management framework and a review of the adequacy of the present system of internal control to manage principal risks identified;

iii.

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iv.

Reviewed the extent of the Group’s compliance with the provisions set under the Malaysian Code on Corporate Governance and the recommendations made to the Board on action plans to address the identified gaps between the Group’s existing corporate governance practices and the prescribed corporate governance principles and best practices under the Code; and Conducted monitoring and coordinating reviews on the effectiveness of the Group’s system of internal controls, through reports furnished by the Internal Audit Department, the External Auditors and the management.

iv.

v.

Mengkaji semula sejauh mana Kumpulan mematuhi peruntukan yang ditetapkan mengikut Kod Tadbir Urus Korporat Malaysia dan cadangan yang dikemukakan kepada Lembaga Pengarah tentang pelan tindakan bagi menangani jurang yang dikenalpasti antara amalan Tadbir Urus Korporat Kumpulan yang sedia ada dengan prinsip tadbir urus korporat yang telah ditetapkan mengikut Kod berkenaan. Menjalankan kajian semula pemantauan dan penyelarasan terhadap keberkesanan sistem kawalan dalaman Kumpulan melalui laporan yang disediakan oleh Jabatan Audit Dalaman, Juruaudit Luar dan pihak pengurusan.

v.

Internal Audit Function
An independent Internal Audit Department supports the Board Audit Committee. The Board Audit Committee is aware of the fact that an independent and adequately resourced Internal Audit Department is essential to assist in obtaining the assurance it requires regarding the effectiveness of the system of internal controls. The main role of the Internal Audit Department is to review the effectiveness of the system of internal controls and this is performed with impartiality, proficiency and due professional care. The Board Audit Committee approves the Internal Audit Plan, which covers the audits of financial and operational matters for both international and local subsidiaries. The Board Audit Committee has schedules and procedures for submission of internal audit reports. The Board Audit Committee receives regular reports from the Head of Internal Audit on audit work and activities prior to the Committee meetings. The internal audit reports are submitted to the Board Audit Committee based on quarterly audit plans as well as additional reports requested. The Internal Audit Department coordinates with the External Auditors to improve efficiency and reduce the amount of audit duplication. During the period, a new Head of Internal Audit Department was appointed on 12 August 2002.

Fungsi Audit Dalaman

Jabatan Audit Dalaman yang bebas menyokong Lembaga Jawatankuasa Audit. Lembaga Jawatankuasa Audit menyedari hakikat bahawa Jabatan Audit Dalaman yang bebas dan cukup sumbernya adalah penting bagi membantu mendapatkan jaminan yang diperlukannya berhubung dengan keberkesanan sistem kawalan dalaman. Peranan utama Jabatan Audit Dalaman adalah mengkaji semula keberkesanan sistem kawalan dalaman dan ini dilaksanakan dengan saksama, cekap dan ketelitian profesional yang sewajarnya. Lembaga Jawatankuasa Audit meluluskan Pelan Audit Dalaman yang mencakupi audit kewangan dan hal-ehwal operasi bagi anak syarikat tempatan dan antarabangsa. Lembaga Jawatankuasa Audit mempunyai jadual dan prosedur untuk penyerahan laporan audit dalaman. Lembaga Jawatankuasa Audit menerima laporan dari semasa ke semasa daripada Ketua Audit Dalaman berkenaan dengan tugas audit dan aktivitinya sebelum berlangsungnya mesyuarat Jawatankuasa. Laporan audit dalaman diserahkan kepada Lembaga Jawatankuasa Audit berdasarkan pelan audit suku tahunan serta laporan tambahan yang diminta. Jabatan Audit Dalaman bekerjasama dengan Juruaudit Luar untuk meningkatkan kecekapan dan mengurangkan duplikasi audit. Dalam tempoh tersebut, Ketua Jabatan Audit Dalaman yang baru dilantik pada 12 Ogos 2002.

Terms of Reference of the Board Audit Committee
The Terms of Reference of the Board Audit Committee for TRI was adopted by the Board upon its establishment on 10 October 2002, following the Internal Restructuring. Additionally, the Terms of Reference has been updated to comply with the Kuala Lumpur Stock Exchange (“KLSE”) Listing Requirements and the Malaysian Code on Corporate Governance.

Terma-Terma Rujukan Jawatankuasa Audit

Terma-terma Rujukan Jawatankuasa Audit bagi TRI diterima pakai oleh Lembaga Pengarah apabila ia ditubuhkan pada 10 Oktober 2002, selepas Penyusunan Semula Dalaman. Di samping itu, terma-terma rujukan telah dikemaskini untuk mematuhi Peraturan-peraturan Penyenaraian Bursa Saham Kuala Lumpur (“BSKL”) yang disusun semula dan Kod Tadbir Urus Korporat Malaysia.

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Celcom (Malaysia) Berhad

(167469-A)

The new Terms of Reference approved by the Board on 19 December 2002 are as follows:1. Composition of the Board Audit Committee a. The Board Audit Committee shall at all times consist of at least three (3) Members; b. A majority of the Board Audit Committee must be Independent Directors; and c. At least one member of the Board Audit Committee:i. shall be a member of the Malaysian Institute of Accountants; or if he is not a member of Malaysian Institute of Accountants, he shall have at least 3 years’ working experience and:• he shall passed the examinations specified in Part 1 of the 1st Schedule of the Accountants Act 1967; or • he shall be a member of one of the associations specified in Part II of the Accountants Act 1967. d. No alternate director shall be appointed as a member of the Board Audit Committee. 2. Chairman of the Board Audit Committee The members of the Board Audit Committee shall elect a Chairman from among their number who shall be an Independent Director. 3. Meetings The Board Audit Committee shall meet regularly, at least four (4) regular meetings per annum and the frequency of additional meetings depends upon the requests by members or the Internal/External Auditor. The Notice and agenda for each meeting shall be sent to all members of the Board Audit Committee and any other persons who may be required to attend. The Secretary shall keep the minutes of the meetings, which are circulated to all members of the Board Audit Committee and other members of the Board. The members of the Board Audit Committee shall be paid an attendance allowance and the amount is to be determined by the Board. 4. Quorum In order to form a quorum, the majority of members present must be independent directors.

Terma-terma Rujukan yang diluluskan oleh Lembaga Pengarah pada 19 Disember 2002 adalah seperti yang berikut:1. Komposisi Jawatankuasa Audit

a. Lembaga Jawatankuasa Audit hendaklah sentiasa terdiri daripada sekurang-kurangnya tiga (3) Ahli; b. Majoriti ahli Lembaga Jawatankuasa Audit mestilah terdiri daripada Pengarah Bebas; dan c. Sekurang-kurangnya seorang ahli Lembaga Jawatankuasa Audit :i. hendaklah merupakan ahli Institut Akauntan Malaysia; atau jika beliau bukan ahli Institut Akauntan Malaysia, beliau hendaklah mempunyai pengalaman bekerja sekurang-kurangnya 3 tahun dan:• beliau mesti lulus peperiksaan yang ditetapkan dalam Bahagian 1 Jadual Pertama Akta Akauntan 1967; atau • beliau mestilah ahli salah sebuah persatuan yang ditetapkan dalam Bahagian II Akta Akauntan 1967. d. Pengarah gantian tidak boleh dilantik sebagai ahli Lembaga Jawatankuasa Audit.
2. Pengerusi Lembaga Jawatankuasa Audit

ii.

ii.

Ahli Lembaga Jawatankuasa Audit hendaklah melantik seorang Pengerusi daripada kalangan mereka yang akan menjadi Pengarah Bebas.
3. Mesyuarat

Lembaga Jawatankuasa Audit hendaklah mengadakan, dari semasa ke semasa, sekurang-kurangnya sebanyak empat (4) mesyuarat tetap setahun dan kekerapan mesyuarat tambahan bergantung pada permintaan ahli atau Juruaudit Dalaman/Luar. Notis dan agenda bagi setiap mesyuarat hendaklah dihantar kepada semua ahli Lembaga Jawatankuasa Audit dan mana-mana individu lain yang mungkin dikehendaki hadir. Setiausaha hendaklah menyimpan minit mesyuarat yang diedarkan kepada semua ahli Lembaga Jawatankuasa Audit serta ahli Lembaga Pengarah yang lain. Ahli Lembaga Jawatankuasa Audit akan dibayar elaun kehadiran dan jumlahnya akan ditentukan oleh Lembaga Pengarah.
4. Korum

Untuk membentuk korum, majoriti ahli yang hadir mestilah pengarah bebas.

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5.

Secretary The Secretary to the Board Audit Committee shall be the Company Secretary or any other person appointed by the Board Audit Committee.

5.

Setiausaha

Setiausaha kepada Lembaga Jawatankuasa Audit merupakan Setiausaha Syarikat atau mana-mana individu yang dilantik oleh Lembaga Jawatankuasa Audit.
6. Kajian Semula Lembaga Jawatankuasa Audit

6.

Review of the Board Audit Committee The Board must review the term of office and performance of the Board Audit Committee and each of its members at least once every three (3) years to determine whether such Board Audit Committee and members have carried out their duties in accordance with their terms of reference.

Lembaga Pengarah mesti mengkaji semula tempoh jawatan dan prestasi Lembaga Jawatankuasa Audit dan setiap ahlinya sekurang-kurangnya sekali dalam setiap tiga (3) tahun untuk menentukan samada Lembaga Jawatankuasa Audit dan ahlinya telah menjalankan tugas mereka menurut terma-terma rujukan mereka.
7. Fungsi Jawatankuasa Audit

7.

Functions of the Board Audit Committee a. To review the following and report the same to the Board:i. ii. with the External Auditor, the audit plan;

a. Untuk mengkaji semula perkara berikut dan melaporkannya kepada Lembaga Pengarah:i. ii. dengan Juruaudit Luar, pelan audit; dengan Juruaudit Luar sebelum audit bermula, jenis dan skop audit, dan memastikan penyelarasannya jika lebih daripada sebuah firma audit terlibat;

with the External Auditor before the audit commences, the nature and scope of the audit, and ensure co-ordination where more than one audit firm is involved;

iiii. dengan Juruadit Luar, penilaiannya tentang keberkesanan sistem kawalan dalaman; iv. v. dengan Juruadit Luar, laporan auditnya; bantuan yang diberikan oleh pekerja Syarikat kepada Juruaudit Luar; kecukupan skop, fungsi dan sumber fungsi audit dalaman dan bahawa ia mempunyai kuasa yang perlu untuk melaksanakan fungsinya;

iii. the External Auditor, his evaluation of the effectiveness of the system of internal controls; iv. v. with the External Auditor, his audit report; the assistance given by the employees of the Company to the External Auditor; the adequacy of the scope, functions and resources of the internal audit function and that it has the necessary authority to carry out its function;

vi.

vi.

vii. the internal audit programme, process, the results of the internal audit programme, processes or investigation undertaken and whether or not appropriate action is taken on the recommendations of the internal audit function; viii. the quarterly results and year end financial statements, prior to the approval by the Board, focusing particularly on:• the nature of impact of any changes in or implementation of any major accounting policy changes and practices; • significant and unusual events; • the going concern assumption;

vii. program audit dalaman, proses, hasil program audit dalaman, proses atau penyiasatan yang dijalankan dan samada tindakan wajar telah diambil atau tidak berdasarkan cadangan fungsi audit dalaman; viii. keputusan suku tahun dan penyata kewangan akhir tahun, sebelum diluluskan oleh Lembaga Pengarah, tertumpu terutamanya pada:• bentuk kesan daripada sebarang perubahan atau perlaksanaan mana-mana perubahan besar dasar perakaunan dan amalan perakaunan; • peristiwa penting dan luar biasa; • andaian asas berterusan;

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• compliance with accounting standards and other legal requirements; and • adequacy of accounting, financial and operating controls and to monitor the implementation of any recommendation made. ix. problems and reservations arising from the interim and final audits, any matter the auditor may wish to discuss (in the absence of the management where necessary); any related party transaction and conflict of interest situation that may arise within the Company or Group including any transaction, procedure or course of conduct that raises questions of management integrity; any letter of resignation from the External Auditors of the Company; and

• pematuhan terhadap piawai perakaunan dan keperluan undang-undang yang lain; dan • kecukupan dari segi kawalan perakaunan, kewangan dan operasi serta untuk memantau perlaksanaan mana-mana cadangan yang dibuat. ix. masalah dan keraguan yang timbul daripada audit interim dan audit akhir, apa-apa perkara yang ingin dibincangkan oleh juruaudit (tanpa kehadiran pihak pengurusan jika perlu); sebarang urusniaga pihak yang berkaitan dan situasi pertelingkahan kepentingan yang mungkin timbul dalam Kumpulan atau Syarikat, termasuk apa-apa urusniaga, prosedur atau tindakan yang menimbulkan persoalan kejujuran dan ketulusan pengurusan; sebarang surat perletakan jawatan daripada Juruaudit Luar Syarikat; dan

x.

x.

xi.

xii. whether there is reason (supported by grounds) to believe that the Company’s External Auditor is not suitable for re-appointment. b. To review the External Auditor’s management letter and the Management’s response thereto; c. Recommend the nomination of a person or persons as External Auditors;

xi.

xii. samada terdapat sebab (disokong dengan alasan) untuk mempercayai bahawa Juruaudit Luar bagi Syarikat tidak wajar dilantik semula. b. Untuk mengkaji semula surat pengurusan Juruadit Luar dan maklum-balas Pengurusan kepadanya; c. Mencadangkan penamaan seseorang atau beberapa orang sebagai Juruaudit Luar; d. Untuk mengkaji semula dan mencadangkan perlantikan dan ganjaran Juruaudit Luar setiap tahun; e. Untuk mengkaji semula mana-mana penilaian prestasi ahli Fungsi Audit Dalaman; f. Untuk mengkaji semula sebarang perlantikan atau penamatan khidmat anggota kakitangan kanan dalam Fungsi Audit Dalaman;

d. To review and recommend the appointment and remuneration of the External Auditors each year; e. To review any appraisal or assessment of the performance of members of the Internal Audit Function; f. To review any appointment or termination of senior staff members of the Internal Audit Function;

g. To be informed of resignations of Internal Audit staff members and provide the resigning staff member an opportunity to submit his/her reasons for resigning, if necessary; h. To consider the major findings of internal investigations and management’s response thereto; i. To support, as deemed necessary, the internal audit activities; To report to the Kuala Lumpur Stock Exchange, if the Board Audit Committee views that a matter resulting in a breach of the Kuala Lumpur Stock Exchange Listing Requirements reported by the Board Audit Committee to the Board has not been satisfactorily resolved by the Board;

g. Untuk dimaklumkan perletakan jawatan anggota kakitangan Audit Dalaman dan memberi peluang kepadanya untuk menyerahkan sebab perletakan jawatannya, jika perlu; h. Untuk menimbangkan penemuan utama hasil dari siasatan dalaman dan maklum balas pengurusan kepadanya; i. Untuk menyokong, jika dianggap perlu, aktiviti audit dalaman; Untuk melaporkan kepada Bursa Saham Kuala Lumpur jika Lembaga Jawatankuasa Audit berpendapat bahawa perkara yang menyebabkan pelanggaran Peraturanperaturan Penyenaraian Bursa Saham Kuala Lumpur yang dilaporkan oleh Lembaga Jawatankuasa Audit kepada Lembaga Pengarah tidak diselesaikan dengan memuaskan oleh Lembaga Pengarah;

j.

j.

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k. To consider other topics as defined by the Board from time to time. 8. Access The Board Audit Committee shall, in accordance with a procedure to be determined by the Board and at the cost of the Company:a. Have authority to investigate any matter within its terms of reference as approved by the Board; b. Have the resources which are required to perform its duties; c. Have full and unrestricted access to any information pertaining to the Company; 8.

k. Untuk menimbangkan topik lain seperti yang ditentukan oleh Lembaga Pengarah dari semasa ke semasa.
Akses

Menurut prosedur yang akan ditentukan oleh Lembaga Pengarah dan pada kos yang ditanggung oleh Syarikat, Lembaga Jawatankuasa Audit hendaklah:a. Mempunyai kuasa untuk menyiasat apa-apa perkara yang merangkumi terma-terma rujukannya seperti yang diluluskan oleh Lembaga Pengarah; b. Memiliki sumber yang diperlukan untuk menjalankan tugasnya; c. Boleh mendapatkan apa-apa maklumat yang lengkap dan tidak terhad berkaitan dengan Syarikat; d. Boleh berhubung terus dengan Juruaudit Luar serta sesiapa yang melaksanakan fungsi atau aktiviti audit dalaman (jika ada); e. Boleh mendapatkan nasihat profesional bebas atau nasihat yang lain; dan f. Boleh mengadakan mesyuarat dengan Juruaudit Luar, tanpa kehadiran ahli eksekutif dalam jawatankuasa, pada bila-bila masa yang dianggap perlu.

d. Have direct communication channels with the External Auditors and person(s) carrying out the internal audit function or activity (if any); e. Be able to obtain independent professional or other advice; and f. Be able to convene meetings with the External Auditors, excluding the attendance of the executive members of the committee, whenever deemed necessary.

9.

Retirement and Resignation In the event of any vacancy in the Board Audit Committee resulting in the non-compliance of paragraph 1, the Company must fill the vacancy within three (3) months. 9.

Persaraan dan Perletakan Jawatan

10. Attendance of Other Directors and Employees The Company must ensure that other directors and employees attend any particular audit committee meeting only at the Board Audit Committee’s invitation, specific to the relevant meeting.

Sekiranya terdapat mana-mana kekosongan dalam Lembaga Jawatankuasa Audit yang tidak mematuhi perenggan 1, Syarikat mestilah mengisi kekosongan itu dalam tempoh tiga (3) bulan.
10. Kehadiran Pengarah dan Pekerja Lain

Syarikat mesti memastikan pengarah dan pekerja lain menghadiri mana-mana mesyuarat jawatankuasa audit yang tertentu hanya apabila dijemput oleh Lembaga Jawatankuasa Audit, khusus untuk mesyuarat yang berkaitan.

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STATEMENT ON INTERNAL CONTROL
PENYATA KAWALAN DALAMAN

Introduction
The Malaysian Code on Corporate Governance stipulates that the Board of Directors of listed companies should maintain a sound system of internal control to safeguard shareholders’ investment and Group’s assets. Set out below is the Board of Directors of Celcom (Malaysia) Berhad (“Celcom”)’s (“the Board”) Statement on Internal Control (“Statement”) as a Group, made in compliance with the Listing Requirements of Kuala Lumpur Stock Exchange and the Statement on Internal Control: Guidance for Directors of Public Listed Companies. The Board’s Statement has been prepared after taking into consideration that prior to the internal restructuring, which included the transfer of listing status (“Internal Restructuring”) of Technology Resources Industries Berhad (“TRI”) to Celcom as described in more detail on page 92 of this Annual Report, the Group’s system of internal control was under the purview of the Board of Directors of TRI. Accordingly, in arriving at its Statement, the Board has considered the internal control activities undertaken during the tenure of the Board of Directors of TRI for the Statement to be made in respect of the full financial year. This is on the basis that the Internal Restructuring that was completed on 10 October 2002 did not materially and significantly alter the manner in which the Group operates and that the Board now undertakes its roles and responsibilities in this respect. Due to the circumstances described on page 133 of this Annual Report, the following investment ventures have not been dealt with in arriving at the Board’s Statement: • Sheba Telecom (Pvt) Ltd in Bangladesh • TRI Telecommunication Tanzania Limited in Tanzania (Receivers and Managers appointed on 14 January 2003); and • Celcom Timur (Sarawak) Sdn Bhd.

Pengenalan

Kod Tadbir Urus Korporat Malaysia menetapkan bahawa Lembaga Pengarah syarikat tersenarai hendaklah mengekalkan sistem kawalan dalaman yang mantap untuk melindungi pelaburan pemegang saham dan aset Kumpulan. Di bawah ini, dikemukakan Penyata Kawalan Dalaman (“Penyata”) Lembaga Pengarah Celcom (Malaysia) Berhad (“Celcom”) (“Lembaga Pengarah”) sebagai Kumpulan, disediakan mengikut Peraturanperaturan Penyenaraian BSKL dan Penyata Kawalan Dalaman: Panduan untuk Pengarah Syarikat Tersenarai Awam. Penyata Lembaga Pengarah telah disediakan selepas mengambil kira bahawa sebelum penyusunan semula dalaman yang melibatkan pindahan status penyenaraian (“Penyusunan Semula Dalaman”) Technology Resources Industries Berhad (“TRI”) kepada Celcom, seperti yang dinyatakan dengan lebih terperinci dalam halaman 162 dalam Laporan Tahunan ini, sistem kawalan dalaman Kumpulan adalah di bawah skop Lembaga Pengarah TRI. Dengan itu, di dalam menyediakan Penyatanya, Lembaga Pengarah mengambil kira aktiviti kawalan dalaman yang dilaksanakan sepanjang tempoh perkhidmatan Lembaga Pengarah TRI supaya Penyata tersebut selaras dengan tahun kewangan penuh. Ini dilakukan berdasarkan Penyusunan Semula Dalaman yang disempurnakan pada 10 Oktober 2002 yang tidak mengubah dengan banyak dan ketara cara Kumpulan beroperasi dan Lembaga Pengarah kini melaksanakan peranan dan tanggungjawabnya berhubung dengan perkara ini. Disebabkan oleh keadaan yang dinyatakan dalam halaman 204 dalam Laporan Tahunan ini, penerokaan pelaburan berikut tidak disentuh dalam menyediakan Penyata Lembaga Pengarah: • Sheba Telecom (Pvt) Ltd di Bangladesh • TRI Telecommunication Tanzania Limited di Tanzania (Penerima-penerima dan Pengurus-pengurus dilantik pada 14 Januari 2003), dan • Celcom Timur (Sarawak) Sdn Bhd.

Tanggungjawab terhadap Risiko dan Kawalan Dalaman

Responsibility for Risk and Internal Control
The Board places importance on maintaining a sound system of internal control and effective risk management practices in the Group to ensure good corporate governance. The Board affirms its responsibility for reviewing the adequacy and integrity of the Group’s system of internal control and management information systems, including systems for compliance with applicable laws, rules, directives, guidelines and risk management.

Lembaga Pengarah mengutamakan usaha mengekalkan sistem kawalan dalaman yang mantap dan amalan pengurusan risiko yang berkesan dalam Kumpulan bagi memastikan tadbir urus korporat yang baik. Lembaga Pengarah mengesahkan tanggungjawabnya untuk mengkaji semula kecukupan dan keutuhan sistem kawalan dalaman dan sistem maklumat pengurusan Kumpulan, termasuk sistem untuk mematuhi undang-undang, kaedah, arahan, garis panduan dan pengurusan risiko yang terpakai.

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The Board believes that the existing oversight structure of the Group has an appropriate balance of both the Board and Management involvement in managing the Group. This is seen from the fact that from 1 September 2002, with the appointment of the Group Chief Executive Officer (“GCEO”), the role of the Chairman and GCEO within the Group has been separated. The GCEO is now tasked with managing the operations of the Group with the assistance of the management team whilst the Board is responsible for overseeing the conduct of the Group’s operations through its various Board Committees and the management reporting mechanisms. The Board is informed of all major control issues pertaining to internal controls, regulatory compliance and risk taking. The system of internal controls includes financial controls, operational efficiency and effectiveness, compliance monitoring, systems and process improvements and risk management. However, as with all internal control systems, this system can only provide reasonable but not absolute assurance against material misstatement or loss.

Lembaga Pengarah percaya bahawa struktur pengawasan Kumpulan yang sedia ada mempunyai keseimbangan sewajarnya dari segi penglibatan Lembaga Pengarah dan pihak Pengurusan dalam menguruskan Kumpulan. Ini adalah berdasarkan hakikat bahawa mulai 1 September 2002, dengan perlantikan Ketua Pegawai Eksekutif Kumpulan (“KPEK”), peranan Pengerusi dan KPEK dalam Kumpulan telah dipisahkan. KPEK kini ditugaskan untuk menguruskan operasi Kumpulan dengan bantuan kumpulan pengurusan manakala Lembaga Pengarah bertanggungjawab mengawal perjalanan operasi Kumpulan menerusi pelbagai Jawatankuasa Lembaga Pengarah dan mekanisma laporan pengurusannya. Lembaga Pengarah dimaklumkan tentang segala isu kawalan yang utama berkaitan dengan kawalan dalaman, pematuhan kawalselia dan penanggungan risiko. Sistem kawalan dalaman melibatkan kawalan kewangan, kecekapan dan keberkesanan operasi, pemantauan pematuhan, peningkatan sistem dan proses dan pengurusan risiko. Walau bagaimanapun, sepertimana semua sistem kawalan dalaman, sistem ini hanya boleh memberikan jaminan yang berpatutan tetapi tidak mutlak daripada berlakunya silap nyata atau kerugian yang ketara.

Risk Management Framework
In May 2002, the Board of Directors of TRI approved the establishment of the Risk Advisory Committee (“RAC”), a sub committee of the Audit Committee of TRI. The RAC was set up on a pro-tem basis since 2001, to oversee the establishment of risk management framework and to identify and implement action plans to address key risks affecting the Group. In October 2002, the Board combined the RAC and the Related Party Task Force into the Corporate Governance and Risk Advisory Committee (“CGRAC”) and expanded its role. The Board has embarked on an ongoing process to identify, evaluate and manage significant risks that affect the achievement of the Group’s business objectives, which is currently in progress. This process includes a re-assessment and refinement of the existing risk management framework and a review of the adequacy of the present system of internal control to manage principal risks identified. The Board acknowledges that considerable effort and commitment is required to implement the risk management framework within the Group and has allocated appropriate resources to the CGRAC. The CGRAC is responsible for continuously coordinating the implementation of the risk management framework, and reporting to the Board Audit Committee on an aggregated view of principal risks inherent in all operating units and companies within the Group, and their respective risk response plans to manage these risks. Rangka Pengurusan Risiko

Pada Mei 2002, Lembaga Pengarah TRI meluluskan penubuhan Jawatankuasa Penasihat Risiko (“RAC”), iaitu sebuah jawatankuasa kecil bagi Lembaga Jawatankuasa Audit TRI. RAC ditubuhkan secara sementara sejak 2001 untuk mengawal pembentukan rangka pengurusan risiko dan mengenalpasti serta melaksanakan pelan tindakan untuk menangani risiko utama yang menjejaskan Kumpulan. Pada Oktober 2002, Lembaga Pengarah menggabungkan RAC dan Pasukan Petugas Pihak Berkaitan ke dalam Jawatankuasa Tadbir Urus Korporat dan Penasihat Risiko (“CGRAC”) dan meluaskan peranannya. Lembaga Pengarah telah melaksanakan proses yang berterusan untuk mengenal pasti, menilai dan menangani risiko penting yang boleh menjejaskan pencapaian matlamat perniagaan Kumpulan yang dijalankan ketika ini. Proses ini termasuk menilai semula dan memperlengkapkan rangka pengurusan risiko sedia ada serta mengkaji semula kecukupan sistem kawalan dalaman sekarang untuk menangani risiko utama yang dikenalpasti. Lembaga Pengarah mengakui bahawa usaha dan komitmen yang tinggi diperlukan untuk melaksanakan rangka pengurusan risiko dalam Kumpulan dan telah memperuntukkan sumber yang sewajarnya kepada CGRAC. CGRAC bertanggungjawab untuk menyelaraskan secara berterusan perlaksanaan rangka pengurusan risiko, dan melaporkan kepada Lembaga Jawatankuasa Audit tentang gambaran agregat bagi risiko utama yang wujud dalam semua unit operasi dan syarikat dalam Kumpulan,

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Other Key Elements of Internal Control
• The Board has reviewed and approved Business Plans within which the business objectives, strategies and targets are articulated. These Business Plans are communicated throughout the organisation to ensure effective implementation. • Clearly defined delegation of responsibilities to committees of the Board and Management, including financial authority limits. • Documentation of key business processes and policies for standardization of practices and identification of process improvement opportunities. • Regular internal audit visits to monitor compliance with policies and procedures and to assess the integrity of both financial and non-financial information provided. The internal audit plan reviewed and approved by the Board Audit Committee on an annual basis is formulated using a risk-based approach. • Monitoring of external and internal audit management letter points through the Board Audit Committee to ensure actions are taken by management to resolve the issues effectively. • Structured reviews by the Board of all proposals for material capital and investment acquisition. • Reports on financial and operating performance are regularly provided to each Board, to enable them to review the Group’s progress against its goals. • Monitoring of regulatory and statutory compliance through the CGRAC to support the Board on proper management of effective corporate governance practices and requirements.

serta pelan tindak balas risiko masing-masing untuk menangani risiko-risiko ini.
Unsur Utama yang Lain dalam Kawalan Dalaman

• Lembaga Pengarah telah mengkaji semula dan meluluskan Pelan Perniagaan yang menyebut dengan jelas matlamat, strategi dan sasaran perniagaan. Pelan Perniagaan ini dimaklumkan ke seluruh organisasi bagi memastikan keberkesanan perlaksanaannya. • Pemberian tanggungjawab kepada jawatankuasa Lembaga Pengarah dan pihak Pengurusan, termasuk had bidang kuasa kewangan, ditakrifkan dengan jelas. • Mendokumenkan proses dan dasar perniagaan utama untuk memiawaikan amalan dan mengenalpasti peluang peningkatan proses. • Lawatan kerap audit dalaman untuk memantau pematuhan terhadap dasar dan prosedur serta untuk menilai keutuhan maklumat kewangan dan bukan kewangan yang diberikan. Pelan audit dalaman yang dikaji semula dan diluluskan oleh Lembaga Jawatankuasa Audit setiap tahun disusun dengan menggunakan pendekatan berasaskan risiko. • Memantau surat pengurusan audit dalaman dan luar yang ditujukan menerusi Lembaga Jawatankuasa Audit bagi memastikan tindakan yang diambil oleh pihak pengurusan untuk menyelesaikan isu dengan berkesan. • Lembaga Pengarah membuat kajian semula berstruktur ke atas semua saranan untuk pemerolehan modal material dan pelaburan. • Laporan prestasi kewangan dan operasi diberikan kepada setiap Lembaga Pengarah dari semasa ke semasa, supaya membolehkan mereka meninjau semula kemajuan Kumpulan berdasarkan matlamatnya. • Memantau pematuhan kawalselia dan berkanun melalui CGRAC untuk menyokong Lembaga Pengarah di dalam memastikan pengurusan yang betul bagi amalan dan keperluan tadbir urus korporat yang berkesan.

Significant Matters
During the financial year under review, a number of significant matters came to the attention of the Board revealing amongst others, areas of possible weaknesses in internal control (further details on page 126 of this Annual Report). At the date of issue of this Statement, investigations into these matters are still in progress. Notwithstanding, the Board remains committed to ensure that appropriate remedial measures are taken to address any control weaknesses that become evident, and that every effort is put into place to further strengthen the internal control system to protect the interests of its shareholders. Perkara Penting

Semasa tahun kewangan dalam kajian, beberapa perkara penting mendapat perhatian Lembaga Pengarah, yang mana diantaranya ialah aspek kelemahan yang mungkin timbul dalam kawalan dalaman (butiran lanjut dalam halaman 196 dalam Laporan Tahunan ini). Pada tarikh Penyata ini dikeluarkan, penyiasatan ke atas perkara ini masih berjalan. Walaubagaimanapun, Lembaga Pengarah tetap komited untuk memastikan langkah pemulihan yang sesuai diambil bagi mengatasi manamana kelemahan kawalan yang timbul. Di samping itu, segala usaha dilakukan untuk mengukuhkan lagi sistem kawalan dalaman bagi melindungi kepentingan para pemegang sahamnya.

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EVENT HIGHLIGHTS OF THE YEAR
PERISTIWA-PERISTIWA PENTING TAHUN 2002

January Shareholders approve TRI’s recapitalisation and restructuring programme at Extraordinary General Meeting (EGM) Shareholders approved the recapitalisation and restructuring programme of Technology Resources Industries Berhad (TRI) at the Company’s EGM. The programme involved a restricted issue of up to 724.1 million, a rights issue of up to 840.9 million and the transfer of TRI’s listing status on the Kuala Lumpur Stock Exchange to Celcom.

Januari

Pemegang Saham meluluskan program permodalan semula dan penyusunan semula TRI di Mesyuarat Agung Luar Biasa (EGM) Pemegang Saham telah meluluskan program permodalan semula dan penyusunan semula Technology Resources Industries Berhad (TRI) di Mesyuarat Agung Luarbiasa Syarikat. Program tersebut melibatkan terbitan terhad sehingga 724.1 juta saham, terbitan hak sehingga 840.9 juta saham dan pindahan status penyenaraian TRI di Bursa Saham Kuala Lumpur kepada Celcom.

February Celcom boosts SMS capacity In anticipation of growing SMS traffic among mobile users, Celcom signed an agreement with CMG Wireless Data Solutions (a global leader in messaging solutions) to undertake a massive expansion of Celcom’s SMS capacity – from 300 to 1,000 messages per second.

Februari

Celcom meningkatkan kapasiti SMS Celcom telah menandatangani satu perjanjian dengan CMG Wireless Data Solutions (peneraju global dalam sistem mesej) untuk bekerjasama meningkatkan kapasiti SMS Celcom secara meluas – dari 300 ke 1,000 mesej setiap saat. Ini disebabkan oleh jangkaan peningkatan penggunaan SMS di kalangan pengguna telefon mudah-alih.

TRI receives vote of confidence from underwriters TRI’s recapitalisation and restructuring plan received a resounding vote of confidence when the Company signed underwriting agreements with 16 leading domestic merchant banks and securities firms for its entire rights issue to raise RM755 million.

TRI mendapat undi percaya dari penaja jamin Rancangan permodalan semula dan penyusunan semula TRI mendapat undi percaya yang memberangsangkan apabila Syarikat menandatangani perjanjian penaja jaminan dengan 16 bank saudagar dan syarikat broker saham utama tempatan untuk kesemua terbitan hak berjumlah RM755 juta.

March Celcom rationalises manpower To further strengthen the Company’s competitive position and increase productivity, Celcom implemented a manpower rationalisation plan. Employees are being retrained to equip them with the right skill-sets and competencies in their respective fields. Mac

Celcom memperkemaskan sumber manusia Untuk meningkatkan kedudukan daya saing syarikat dan produktiviti, Celcom melaksanakan Manpower Rationalisation Programme (MRP) fasa kedua bagi memperkemaskan sumber manusia. Para pekerja dilatih semula untuk melengkapkan diri mereka dengan kemahiran yang bersesuaian.

Celcom becomes service provider for Sepang International Circuit for the fourth consecutive year Celcom was once again the official telecommunications service provider for Formula 1, a world-class event held at the Sepang International Circuit (SIC). Celcom provided basic telephony (POTS), ISDN, a high bandwidth transmission circuit of 768 kbps and a broadcast transmission service. Other SIC international events using Celcom services are the Japan GT Championship, the Asian Festival of Speed, the Merdeka Millennium Endurance Race and the Malaysian Motorcycle Grand Prix.

Celcom dilantik penyelia telekomunikasi rasmi bagi Sepang International Circuit Celcom dilantik sekali lagi sebagai penyelia perkhidmatan telekomunikasi rasmi bagi Formula 1, acara bertaraf dunia yang dilangsungkan di Litar Antarabangsa Sepang (SIC). Celcom menyediakan telefoni asas (POTS), ISDN, lebar jalur litar penghantaran sehingga 768 kbps dan khidmat penyiaran. Selain itu, acara antarabangsa SIC lain yang menggunakan khidmat Celcom adalah Japan GT Championship, Asian Festival of Speed, Merdeka Millennium Endurance Race dan Malaysian Motorcycle Grand Prix.

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April Celcom SMS enables customers to check JPJ summonses Celcom and the Road Transport Department (JPJ) formed a smart partnership to enable Celcom customers to check their summonses and cumulative demerit points via SMS.

April

SMS Celcom membolehkan pelanggan memeriksa saman di JPJ Celcom dan Jabatan Pengangkutan Jalan (JPJ) menjalin satu perkongsian pintar untuk membolehkan pelanggan Celcom memeriksa saman dan juga mata kumulatif demerit dengan menggunakan SMS.

May Celcom sponsors Star Wars Episode II Celcom sponsored the blockbuster movie Star Wars, Attack of the Clones as the official telecommunications licensee. The Company feted close to 10,000 loyal customers to a preview screening of the movie nationwide and organised a charity premiere screening together with Ronald Mc Donald’s. Children’s Charity which raised RM30,000 for the Charity House. Mei

Celcom menaja Star Wars Episod II Celcom merupakan pemegang lesen telekomunikasi rasmi untuk filem blokbuster Star Wars, Attack of the Clones. Syarikat meraikan hampir 10,000 pelanggan setia di tayangan pratonton seluruh negara dan juga menganjurkan tayangan amal perdana bersama Mc Donalds yang telah berjaya mengumpul sebanyak RM30,000 untuk pelbagai badan amal.

Celcom joins World Telecommunication Day Celcom took part in the World Telecommunication Day Consumer Fair Exhibition and Industry Treasure Hunt, organised by the Malaysian Communication and Multimedia Commission (MCMC).

Celcom menyertai Hari Telekomunikasi Sedunia Celcom telah turut serta dalam Pameran Pengguna dan Mencari Harta Karun Industri sempena Hari Telekomunikasi Sedunia yang dianjurkan oleh Suruhanjaya Komunikasi dan Multimedia Malaysia (MCMC).

Celcom and Bumiputra Commerce enable customers to recharge prepaid services via SMS Celcom and Bumiputra Commerce Bank formed a collaboration to give their customers the convenience of recharging their Celcom airtime and network access via SMS. Celcom is the first and only mobile communications company to offer this service for its prepaid customers.

Celcom dan Bumiputra Commerce membolehkan para pelanggan untuk mengecaj semula khidmat prabayar menggunakan SMS Celcom dan Bank Bumiputra Commerce telah membentuk permuafakatan untuk memberi para pelanggan mereka kemudahan untuk mengecaj semula waktu panggilan dan akses rangkaian Celcom dengan menggunakan SMS. Celcom ialah Syarikat telekomunikasi yang pertama dan satu-satunya yang menawarkan khidmat ulung sedemikian.

June Shareholders approve issuance of shares at Annual General Meeting (AGM) General resolutions including giving authority to directors to issue shares under Section 132D of the Companies Act, 1965, were successfully carried at the Company’s AGM.

Jun

Pemegang Saham TRI meluluskan terbitan saham di Mesyuarat Agung Tahunan (AGM) Resolusi am yang memberi kuasa kepada para pengarah untuk menerbitkan saham di bawah Seksyen 132D Akta Syarikat, 1965, telah diluluskan di Mesyuarat Agung Tahunan Syarikat.

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July Celcom opens Johor Bahru Regional Office Celcom officially opened its new, six-storey Regional Office and Branch in Taman Tasek, Johor Bahru. The relocation of the office and branch was part of Celcom’s efforts to provide greater convenience to its customers in the state of Johor.

Julai

Perasmian Pejabat Celcom Wilayah Johor Bahru Celcom merasmikan pembukaan Cawangan dan juga Pejabat Wilayah di bangunan baru enam tingkat di Taman Tasek, Johor Bahru. Pemindahan pejabat dan cawangan ini merupakan sebahagian dari usaha Celcom untuk menambah kemudahan para pelanggan di negeri Johor.

New Board Directors appointed Following a major change in the shareholding structure of Celcom, Telekom Malaysia Berhad (TMB) appointed four directors to the Board of TRI. They include Dato’ Dr Mohd Munir bin Abdul Majid as Chairman of Celcom, Dato’ Dr Mohd Khir bin Abdul Rahman, Dato’ Lim Kheng Guan and Encik Rosli bin Man.

Perlantikan Pengarah baru Berikutan perubahan ketara dalam struktur pegangan saham Celcom, Telekom Malaysia Berhad (TMB) melantik empat Pengarah untuk menyertai Lembaga Pengarah TRI. Mereka adalah Dato’ Dr Mohd Munir bin Abdul Majid sebagai Pengerusi Celcom, Dato’ Dr Mohd Khir bin Abdul Rahman, Dato’ Lim Kheng Guan dan Encik Rosli bin Man.

Perlantikan Pengarah Bebas Bukan Eksekutif
Independent Non-Executive Directors appointed Two additional Independent Non-Executive Directors were appointed to TRI’s Board. They are Encik Azzat bin Kamaludin and Encik Ismael Fariz Ali.

Dua lagi Pengarah Bebas Bukan Eksekutif telah dilantik untuk menganggotai Lembaga Pengarah TRI iaitu Encik Azzat bin Kamaludin dan Encik Ismael Fariz bin Ali.

Ogos August TRI’s second quarter profit rises TRI recorded an increase in profit before tax for its second quarter ended 30 June 2002. The increase was attributed to the Company’s successful completion of its recapitalisation programme in April, a reduction in operating expenses and lower borrowing costs.

Keuntungan suku tahun kedua TRI meningkat TRI mencatatkan peningkatan keuntungan sebelum cukai untuk suku tahun kedua berakhir 30 Jun 2002. Peningkatan ini disebabkan kejayaan syarikat menyelesaikan program permodalan semula program dalam bulan April, pengurangan belanja kendalian dan penurunan kadar pinjaman.

September September Celcom participates in ACM Expo & Forum Celcom took part once again in the Asean Communications & Multimedia (ACM) Expo & Forum organised by the Ministry of Energy, Communications & Multimedia. At the Expo, Celcom showcased various services including its General Packet Radio Service (GPRS) and its Global Positioning System (GPS) as well as other value-added services and products.

Celcom menyertai Ekspo & Forum ACM Celcom telah mengambil bahagian sekali lagi di Ekspo & Forum Asean Communications & Multimedia (ACM) yang dianjurkan oleh Kementerian Tenaga, Komunikasi dan Multimedia. Ekspo tersebut merupakan wadah untuk Celcom mempamerkan pelbagai perkhidmatannya seperti General Packet Radio Service (GPRS) dan Global Positioning System (GPS).

Encik Tan Poh Keat menyertai Lembaga Pengarah TRI
Mr Tan Poh Keat joins the Board of TRI Mr Tan Poh Keat was appointed to the Board of TRI, replacing Dato’ Dr Mohd Khir Abdul Rahman who resigned.

Encik Tan Poh Keat telah menggantikan Dato’ Dr Mohd Khir Abdul Rahman yang meletak jawatan sebagai ahli Lembaga Pengarah TRI.

[ 70 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

October TRI tranfers listing to Celcom The transfer to Celcom of TRI’s listing status on the Kuala Lumpur Stock Exchange marked a turning point in the development of the Group. This internal restructuring also marked the successful completion of TRI’s recapitalisation and restructuring plan.

Oktober

Pindahan penyenaraian TRI ke Celcom Pindahan status penyenaraian TRI di Bursa Saham Kuala Lumpur ke Celcom merupakan langkah penting dalam kemajuan Syarikat. Penyusunan semula dalaman ini menandakan kejayaan program permodalan semula dan penyusunan semula TRI.

Celcom signs conditional sale & purchase agreement with Telekom Malaysia Berhad Telekom Malaysia Berhad (TMB) and Celcom (Malaysia) Berhad signed a conditional sale & purchase agreement for the sale of TMB’s entire equity interest in TM Cellular Sdn Bhd to Celcom.

Celcom menandatangani perjanjian jual-beli bersyarat dengan Telekom Malaysia Berhad Telekom Malaysia Berhad (TMB) dan Celcom (Malaysia) Berhad mendandatangani perjanjian jual-beli bersyarat untuk penjualan keseluruhan pegangan saham Telekom dalam TM Cellular Sdn Bhd ke Celcom.

Celcom dan TM Cellular melancarkan Perayauan Domestik
Celcom and TM Cellular launch Domestic Roaming Celcom and TM Cellular joined forces to provide Malaysia’s first domestic inter-network roaming service for the benefit of the customers of both companies. To date, phase one and two of the service have been launched.

Celcom dan TM Cellular bergabung tenaga untuk memberi perkhidmatan perayauan tempatan di antara rangkaian yang pertama di Malaysia. Perkongsian infrastruktur perayauan dapat memberi manfaat pertambahan nilai benar untuk para pelanggan kedua-dua rangkaian. Fasa satu dan dua perkhidmatan telah pun dilancarkan.

Celcom enters joint venture to enable vehicle tracking and security Celcom, Asian Geographical Information Systems (agis) and Hewlett Packard entered a joint venture to introduce agis Monitor: a mobile, remote-control vehicle-monitoring system with Global Positioning System (GPS) and Geographical Information System (GIS) features. agis Monitor allows customers with GSM communications capabilities (such as a mobile phone) to track and secure vehicles that have been fitted with the agis Monitor unit.

Usaha Celcom untuk membolehkan pengesanan dan keselamatan kenderaan Celcom, Asian Geographical Information Systems (agis) dan Hewlett Packard membentuk usahasama untuk memperkenalkan agis Monitor: suatu sistem pengawasan kenderaan kawalan jauh mudah-alih lengkap dengan ciri-ciri Global Positioning System (GPS) dan Geographical Information System (GIS). agis Monitor membolehkan pelanggan yang ada kemudahan telekomunikasi GSM (seperti telefon bimbit) untuk mengesan dan melindungi kenderaan yang telah dipasangkan dengan unit agis Monitor.

Celcom and MSN Malaysia offer MSN Hotmail via two-way SMS Celcom and MSN Hotmail collaborated to enable customers access to their MSN Hotmail accounts via two-way SMS. This service allows Celcom customers to receive via SMS, e-mails sent to their MSN Hotmail account. They can also reply directly to the sender’s inbox via SMS. The service is powered in part by Mobileway, a global leader in managing mobile transactions.

Celcom dan MSN Malaysia menawarkan MSN Hotmail melalui SMS dua hala Para pelanggan Celcom dan MSN Hotmail kini boleh mendapat laluan ke akaun MSN Hotmail melalui SMS dua hala. Perkhidmatan ini membolehkan para pelanggan Celcom untuk menerima melalui SMS e-mail yang dihantar ke akaun MSN Hotmail mereka. Mereka juga boleh menjawab e-mail tersebut melalui SMS terus ke peti masuk penghantar. Perkhidmatan ini dijana sebahagiannya oleh Mobileway, peneraju global dalam pengurusan transaksi telefon mudah-alih.

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 71 ]

November Celcom changes market dynamics with new prepaid products; Xcel, Xceed, Xplore Celcom unveiled three innovative prepaid packages aptly named Xcel, Xceed and Xplore which offer mobile customers, for the first time ever, choices in the prepaid category. Xcel, Xceed and Xplore were designed to meet the varied usage patterns of customers’ propensity to spend.

November

Celcom memperkenalkan tiga produk prabayar baru; Xcel, Xceed, Xplore Celcom telah memperkenalkan tiga pakej prabayar inovatif dengan nama yang bersesuaian iaitu Xcel, Xceed dan Xplore. Ianya menawarkan kepada pelanggan buat pertama kali, pelbagai pilihan dalam kategori prabayar. Xcel, Xceed dan Xplore direka untuk memenuhi kepelbagaian corak penggunaan pelanggan menurut gaya perbelanjaan mereka.

December Celcom and TM Cellular set up Cross Bill Payment Service Celcom and TM Cellular in another collaborative effort introduced a Cross Bill Payment Service that boosts convenience by allowing customers to settle their mobile phone bills at any of Celcom’s and TM Cellular’s combined 77 service centres across the country.

Disember

Celcom dan TM Cellular menyediakan Perkhidmatan Pembayaran Bil Bersama Celcom dan TM Cellular memperkenalkan Perkhidmatan Pembayaran Bil Bersama yang akan memudahkan para pelanggan membayar bil telefon mudah-alih mereka di antara mana-mana 77 pusat perkhidmatan Celcom dan TM Celluar di serata negara.

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LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

CORPORATE INFORMATION
MAKLUMAT KORPORAT

Board of Directors
Dato’ Dr Mohd Munir bin Abdul Majid Chairman Non-Independent Non-Executive Director Dato’ Mohamed Yunus Ramli bin Abbas Executive Director/Group Chief Executive Officer Non-Independent Executive Director Dato’ Abdul Rahman bin Haji Ismail Independent Non-Executive Director Dato’ Ng Kong Yeam Independent Non-Executive Director Dato’ Lim Kheng Guan Non-Independent Non-Executive Director Rosli bin Man Non-Independent Non-Executive Director Tan Poh Keat Non-Independent Non-Executive Director Azzat bin Kamaludin Senior Independent Non-Executive Director Ismael Fariz bin Ali Independent Non-Executive Director Axel Hass Non-Independent Non-Executive Director Joerg Andreas Boy Non-Independent Non-Executive Director Oliver Tim Axmann Alternate Director to Axel Hass Non-Independent Executive Director Dieter Sieber Alternate Director to Joerg Andreas Boy Non-Independent Non-Executive Director Shamsuddin bin Mohd Rasom Independent Non-Executive Director (Resigned on 28 March 2003)

Lembaga Pengarah Dato’ Dr Mohd Munir bin Abdul Majid

Pengerusi Pengarah Bukan Bebas Bukan Eksekutif
Dato’ Mohamed Yunus Ramli bin Abbas

Pengarah Eksekutif/Ketua Pegawai Eksekutif Kumpulan Pengarah Bukan Bebas Eksekutif
Dato’ Abdul Rahman bin Haji Ismail

Pengarah Bebas Bukan Eksekutif
Dato’ Ng Kong Yeam

Pengarah Bebas Bukan Eksekutif
Dato’ Lim Kheng Guan

Pengarah Bukan Bebas Bukan Eksekutif
Rosli bin Man

Pengarah Bukan Bebas Bukan Eksekutif
Tan Poh Keat

Pengarah Bukan Bebas Bukan Eksekutif
Azzat bin Kamaludin

Pengarah Kanan Bebas Bukan Eksekutif
Ismael Fariz bin Ali

Pengarah Bebas Bukan Eksekutif
Axel Hass

Pengarah Bukan Bebas Bukan Eksekutif
Joerg Andreas Boy

Pengarah Bukan Bebas Bukan Eksekutif
Oliver Tim Axmann

Pengarah Gantian kepada Axel Hass Pengarah Bukan Bebas Eksekutif
Dieter Sieber

Pengarah Gantian kepada Joerg Andreas Boy Pengarah Bukan Bebas Bukan Eksekutif
Shamsuddin bin Mohd Rasom

Pengarah Bebas Bukan Eksekutif (Meletak jawatan pada 28 Mac 2003)

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 73 ]

Board Audit Committee
Dato’ Abdul Rahman bin Haji Ismail Chairman / Independent Non-Executive Director Dato’ Ng Kong Yeam Independent Non-Executive Director Dato’ Lim Kheng Guan Non-Independent Non-Executive Director Azzat bin Kamaludin Senior Independent Non-Executive Director

Lembaga Jawatankuasa Audit Dato’ Abdul Rahman bin Haji Ismail

Pengerusi / Pengarah Bebas Bukan Eksekutif
Dato’ Ng Kong Yeam

Pengarah Bebas Bukan Eksekutif
Dato’ Lim Kheng Guan

Pengarah Bukan Bebas Bukan Eksekutif
Azzat bin Kamaludin

Pengarah Kanan Bebas Bukan Eksekutif

Nominating & Remuneration Committee
Dato’ Dr Mohd Munir bin Abdul Majid Chairman/Non-Independent Non-Executive Director Dato’ Abdul Rahman bin Haji Ismail Independent Non-Executive Director Azzat bin Kamaludin Senior Independent Non-Executive Director Ismael Fariz bin Ali Independent Non-Executive Director

Jawatankuasa Penamaan & Ganjaran Dato’ Dr Mohd Munir bin Abdul Majid

Pengerusi/Pengarah Bukan Bebas Bukan Eksekutif
Dato’ Abdul Rahman bin Haji Ismail

Pengarah Bebas Bukan Eksekutif
Azzat bin Kamaludin

Pengarah Kanan Bebas Bukan Eksekutif
Ismael Fariz bin Ali

Pengarah Bebas Bukan Eksekutif

Tender Board Committee
Ismael Fariz bin Ali Chairman/Independent Non-Executive Director Dato’ Mohamed Yunus Ramli bin Abbas Non-Independent Executive Director Rosli bin Man Non-Independent Non-Executive Director Horst Holzhauser Executive Vice President Group Network

Jawatankuasa Lembaga Tender Ismael Fariz bin Ali

Pengerusi/ Pengarah Bebas Bukan Eksekutif
Dato’ Mohamed Yunus Ramli bin Abbas

Pengarah Bukan Bebas Eksekutif
Rosli bin Man

Pengarah Bukan Bebas Bukan Eksekutif
Horst Holzhauser

Naib Presiden Eksekutif Rangkaian Kumpulan

[ 74 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Board Committee of Independent Directors
Azzat bin Kamaludin Chairman / Senior Independent Non-Executive Director Dato’ Abdul Rahman bin Haji Ismail Independent Non-Executive Director Ismael Fariz bin Ali Independent Non-Executive Director

Lembaga Jawatankuasa Pengarah Bebas Azzat bin Kamaludin

Pengerusi / Pengarah Kanan Bebas Bukan Eksekutif
Dato’ Abdul Rahman bin Haji Ismail

Pengarah Bebas Bukan Eksekutif
Ismael Fariz bin Ali

Pengarah Bebas Bukan Eksekutif

Company Secretary Suryani Hussein (LS 005597) Date of Incorporation 5 January 1988 Registered Office/Business Address 20th Floor, Menara TR 161B Jalan Ampang 50450 Kuala Lumpur Tel : (03) 2162 3900 Fax : (03) 2163 2018 Share Registrar Securities Services (Holdings) Sdn. Bhd. Level 7, Menara Milenium, Jalan Damanlela Pusat Bandar Damansara, Damansara Heights 50490 Kuala Lumpur Tel : (03) 2095 7077 Fax : (03) 2094 9940 (03) 2095 0292 Auditor Arthur Andersen & Co. (No AF 0103) Level 23A, Menara Milenium, Jalan Damanlela Pusat Bandar Damansara, Damansara Heights 50490 Kuala Lumpur Tel : (03) 2087 7000 Fax : (03) 2095 5332 (main) (03) 2095 9076 (03) 2095 9078 (audit)

Setiausaha Syarikat Suryani Hussein (LS 005597) Tarikh Diperbadankan 5 Januari 1988 Pejabat Berdaftar/Alamat Perniagaan Tingkat 20, Menara TR 161B Jalan Ampang 50450 Kuala Lumpur Tel : (03) 2162 3900 Fax : (03) 2163 2018 Pendaftar Saham Securities Services (Holdings) Sdn. Bhd. Aras 7, Menara Milenium, Jalan Damanlela Pusat Bandar Damansara, Damansara Heights 50490 Kuala Lumpur Tel : (03) 2095 7077 Fax : (03) 2094 9940 (03) 2095 0292 Juruaudit Arthur Andersen & Co. (No AF 0103) Aras 23A, Menara Milenium, Jalan Damanlela Pusat Bandar Damansara, Damansara Heights 50490 Kuala Lumpur Tel : (03) 2087 7000 Fax : (03) 2095 5332 (utama) (03) 2095 9076 (03) 2095 9078 (audit)

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 75 ]

Principal Banker Malayan Banking Berhad

Bank Utama

Malayan Banking Berhad

Transfer of Listing Status Kuala Lumpur Stock Exchange
From Company: Technology Resources Industries Berhad Date: 10 October 2002 Name & Code: CELCOM & 4189 Stock Sector: Trading/Services

Pindahan Status Penyenaraian Bursa Saham Kuala Lumpur Dari Syarikat: Technology Resources Industries Berhad Tarikh: 10 Oktober 2002 Nama & Kod: CELCOM & 4189 Sektor Saham: Trading/Services

Solicitors Zaid Ibrahim & Co Level 19, Menara Milenium Jalan Damanlela Pusat Bandar Damansara Damansara Heights 50490 Kuala Lumpur Tel : (03) 2087 9999 Fax : (03) 2094 4888 (03) 2094 4666

Peguam-peguam Zaid Ibrahim & Co Aras 19, Menara Milenium Jalan Damanlela Pusat Bandar Damansara Damansara Heights 50490 Kuala Lumpur Tel : (03) 2087 9999 Fax : (03) 2094 4888 (03) 2094 4666

Shearn Delamore & Co. 7th Floor, Wisma Hamzah-Kwong Hing No. 1, Leboh Ampang 50100 Kuala Lumpur Tel : (03) 2070 0644 Fax : (03) 2078 5625

Shearn Delamore & Co. Tingkat 7, Wisma Hamzah-Kwong Hing No. 1, Leboh Ampang 50100 Kuala Lumpur Tel : (03) 2070 0644 Fax : (03) 2078 5625

[ 76 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

CORPORATE STRUCTURE
STRUKTUR KUMPULAN

Technology Resources Industries Berhad Celcom Transmission (M) Sdn Bhd Celcom Technology (M) Sdn Bhd Celcom Academy Sdn Bhd Celcom Timur (Sarawak) Sdn Bhd Celcom Timur (Sabah) Sdn Bhd Celpage Sdn Bhd

60% 60%

*

Celcom Multimedia (Malaysia) Sdn Bhd Celcom International Sdn Bhd Celcom Telecommunications Consulting Sdn Bhd * Celcom Cellular Business Sdn Bhd* Celcom Wireless Data Sdn Bhd
16.6%

*

Celcom (Malaysia) Berhad

*

Macnet CCN (M) Sdn Bhd EG Ventures Sdn Bhd CT Paging Sdn Bhd Celcom Trunk Radio (M) Sdn Bhd

*

NOTE 1. Unless otherwise stated, shareholding is 100% 2.

NOTA 1. Pegangan saham adalah 100% kecuali dinyatakan. 2.

* In the process of being de-registered pursuant to Section 308, Companies Act, 1965.

* Di dalam proses untuk dinyahdaftarkan di bawah Seksyen 308, Akta Syarikat, 1965.

3.

# Pending resolution in the Bangladesh Courts.

3.

# Menunggu penyelesaian di Mahkamah Bangladesh.

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 77 ]

Alpine Resources Sdn Bhd
Alpha Canggih Sdn Bhd

Technology Resources (Group) Sdn Bhd

* *
43.93%

41%

Fibrecomm Network (M) Sdn Bhd

Technology Resources (Capital) Sdn Bhd Freemantle Holdings (M) Sdn Bhd

55.32%

Technology Resources Manufacturing Sdn Bhd Technology Resources Management Services Sdn Bhd TR Components Sdn Bhd
90%

Aseania Plastics Sdn Bhd Aseania Plastics Sdn Bhd TR Cruisers (M) Sdn Bhd

* *

TR Communications Sdn Bhd
50%

Rego Multi-Trades Sdn Bhd Malaysian Motorhomes Sdn Bhd TR International Wireless Communications Sdn Bhd Technology Resources (Nominees) Sdn Bhd
50% 50%

62.4%

*

TR International Limited Celcom Ventures (Malaysia) Sdn Bhd * Celcom Ventures (Malaysia) Sdn Bhd *

Masterpage Sdn Bhd

70%
CT Communication Sdn Bhd

TRI Cellular Communications Cambodia Company Tripoly Communication Technology Corporation Ltd TRI Telecommunication Tanzania Limited (Receivers & Managers appointed on 14 January 2003) TRI Telecommunication Zanzibar Limited Sheba Telecom (Pvt) Ltd Mobile Telecommunications Company of Esfahan (J.V.-P.J.S.)

80%
Firent Management Services Sdn Bhd

60%

60% 86.4%#

49%

DIRECTORS’ REPORT AND AUDITED FINANCIAL STATEMENTS

31 DECEMBER 2002

DIRECTORS’ REPORT AND AUDITED FINANCIAL STATEMENTS 31 DECEMBER 2002

Contents Directors’ Report Statement by Directors Statutory Declaration Report of the Auditors to the members of Celcom (Malaysia) Berhad Income Statements Balance Sheets Consolidated Statement of Change in Equity Statement of Changes in Equity Cash Flow Statments Notes to the financial statements

Page 81 — 83 84 84

85 86 87 88 89 90 — 91 92 — 137

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 81 ]

DIRECTORS ’ REPORT

The directors have pleasure in presenting their report together with the audited financial statements of the Group and of the Company for the financial year ended 31 December 2002. Principal Activities The Company is principally involved in the provision of voice and data transmission through cellular and fixed line systems within Malaysia as well as to and from other parts of the world. The principal activities of the subsidiaries are described in Note 25 to the financial statements. There have been no significant changes in the nature of these activities during the financial year. Change of Name During the financial year, the Company changed its status from a private limited company to a public limited company and accordingly changed its name from Celcom (Malaysia) Sdn. Bhd. to Celcom (Malaysia) Berhad as disclosed in Note 1 to the financial statements. Results GROUP
RM’000

COMPANY
RM’000

Net profit / (loss) for the year attributable to shareholders

32,931

(86,191)

There were no material transfers to or from reserves or provisions during the financial year other than as disclosed in the statement of changes in equity. The consolidated financial statements of the former holding company, Technology Resources Industries Berhad (“TRI”), which has since become a subsidiary pursuant to the Group’s restructuring scheme, have been consolidated in accordance with the principles of merger accounting. Accordingly, the consolidated income statement incorporates the consolidated results of TRI as if the merger had been effected on 31 December 2000. In the opinion of the directors, the results of the operations of the Group and of the Company during the financial year were not substantially affected by any item, transaction or event of a material and unusual nature other than as disclosed in Note 7 to the financial statements. Dividends No dividends have been paid or declared by the Company since the end of the previous financial year. The directors do not recommend the payment of any dividends for the current financial year. Directors The names of the directors of the Company in office since the date of the last report and at the date of this report are: Dato’ Dr. Mohd Munir bin Abdul Majid Dato’ Lim Kheng Guan Rosli bin Man Tan Poh Keat Dato’ Mohamed Yunus Ramli bin Abbas Ismael Fariz bin Ali Azzat bin Kamaludin Dato’ Abdul Rahman bin Hj Ismail Dato’ Ng Kong Yeam Shamsuddin bin Mohd Rasom ( appointed on 17 July 2002) ( appointed on 3 July 2002) ( appointed on 3 July 2002) ( appointed on 10 October 2002) ( appointed on 10 October 2002) ( appointed on 10 October 2002) ( appointed on 10 October 2002) ( appointed on 10 October 2002) ( appointed on 10 October 2002) (resigned as alternate director to Tan Sri Dato’ Tajudin bin Ramli and appointed as director on 3 July 2002; subsequently resigned on 17 July 2002 and reappointed on 10 October 2002)

Axel Hass Oliver Tim Axmann (alternate director to Axel Hass) Joachim Gronau Joerg Andreas Boy Dieter Sieber (alternate director to Joerg Andreas Boy) Dr. Frank-Reinhard Bartsch (alternate director to Dieter Sieber) Tan Sri Dato’ Tajudin bin Ramli Bistamam bin Ramli Tuan Haji Mohamed Ali bin Yusoff

( resigned on 15 October 2002) (resigned as alternate director to Joachim Gronau and appointed as director on 15 October 2002) (resigned on 10 October 2002; appointed as alternate director to Joerg Andreas Boy on 15 October 2002) (resigned on 10 October 2002) ( resigned on 3 July 2002) ( resigned on 3 July 2002) ( resigned on 3 July 2002)

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LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

Directors’ Benefits Neither at the end of the financial year, nor at any time during that year, did there subsist any arrangement to which the Company was a party, whereby the directors might acquire benefits by means of the acquisition of shares in or debentures of the Company or any other body corporate. Since the end of the previous financial year, no director has received or become entitled to receive a benefit (other than benefits included in the aggregate amount of emoluments received or due and receivable by the directors as shown in Note 6 to the financial statements or the fixed salary of a full-time employee of the Company) by reason of a contract made by the Company or a related corporation with any director or with a firm of which he is a member, or with a company in which he has a substantial financial interest, except for benefits arising from the related party transactions disclosed in Note 31 to the financial statements. Directors’ Interests According to the register of directors’ shareholdings, the interests of directors in office at the end of the financial year in shares in the Company and its related corporations during the financial year were as follows: 1 January 2002 The Company Direct Interest Dato’ Ng Kong Yeam Tan Poh Keat TRI Direct Interest Dato’ Ng Kong Yeam Tan Poh Keat 3,500,000 22,000 (3,500,000) (22,000) 3,500,000 22,000 3,500,000 22,000 Number of Ordinary Shares of RM1 Each Restructuring 31 December Scheme* Sold 2002

None of the other directors in office at the end of the financial year had any interest in shares in the Company or its related corporations during the financial year.
* Pursuant to the Group’s restructuring scheme during the financial year, each TRI share held at the date of the scheme was replaced with one share in the Company.

Issue of Shares During the financial year, the Company increased its: a. b. authorised share capital from RM500,000,000 to RM4,000,000,000 through the creation of 3,500,000,000 ordinary shares of RM1 each; and issued and paid-up share capital from RM500,000,000 to RM1,983,649,322 by way of the issuance of 1,483,649,322 ordinary shares of RM1 each at par, by way of the capitalisation of advances from its former holding company, TRI amounting to RM1,483,649,322 as disclosed in Note 1 to the financial statements, pursuant to the Group’s restructuring scheme. The new ordinary shares rank pari passu in all respects with existing issued ordinary shares of the Company.

Other Statutory Information a. Before the income statements and balance sheets of the Group and of the Company were made out, the directors took reasonable steps: i. to ascertain that proper action had been taken in relation to the writing off of bad debts and the making of provision for doubtful debts and satisfied themselves that all known bad debts had been written off and that adequate provision had been made for doubtful debts; and to ensure that any current assets which were unlikely to realise their value as shown in the accounting records in the ordinary course of business had been written down to an amount which they might be expected so to realise.

ii.

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 83 ]

b.

At the date of this report, the directors are not aware of any circumstances not otherwise dealt with in this report or financial statements of the Group and of the Company which would render: i. ii. the amount written off for bad debts or the amount of the provision for doubtful debts inadequate to any substantial extent; and the values attributed to the current assets in the financial statements of the Group and of the Company misleading.

c.

At the date of this report, the directors are not aware of any circumstances which have arisen which would render adherence to the existing method of valuation of assets or liabilities of the Group and of the Company misleading or inappropriate. At the date of this report, the directors are not aware of any circumstances not otherwise dealt with in this report or financial statements of the Group and of the Company which would render any amount stated in the financial statements misleading. As at the date of this report, there does not exist: i. ii. any charge on the assets of the Group and of the Company which has arisen since the end of the financial year which secures the liabilities of any other person; or any contingent liability of the Group or of the Company which has arisen since the end of the financial year.

d.

e.

f.

In the opinion of the directors: i. no contingent liability or other liability has become enforceable or is likely to become enforceable within the period of twelve months after the end of the financial year which will or may affect the ability of the Group and of the Company to meet their obligations when they fall due; and no item, transaction or event of a material and unusual nature has arisen in the interval between the end of the financial year and the date of this report which is likely to affect substantially the results of the operations of the Group or of the Company for the financial year in which this report is made.

ii.

Significant Events During the year, the Group undertook a restructuring exercise, the details of which are disclosed in Note 1 to the financial statements. The other significant events that took place during the financial year are disclosed in Note 32 to the financial statements. Significant Events Subsequent to the Balance Sheet The significant events subsequent to the balance sheet date are as disclosed in Note 33 to the financial statements. Auditors Our auditors, Arthur Andersen & Co., retire and do not seek re-appointment. Signed on behalf of the Board in accordance with a resolution of the directors

DATO’ DR. MOHD MUNIR BIN ABDUL MAJID

DATO’ MOHAMED YUNUS RAMLI BIN ABBAS

Kuala Lumpur, Malaysia Date: 26 February, 2003

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LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

STATEMENT BY DIRECTORS
PURSUANT TO SECTION 169(15) OF THE COMPANIES ACT 1965

We, DATO’ DR. MOHD MUNIR BIN ABDUL MAJID and DATO’ MOHAMED YUNUS RAMLI BIN ABBAS, being two of the directors of CELCOM (MALAYSIA) BERHAD, do hereby state that, in the opinion of the directors, the accompanying financial statements set out on pages 86 to 137 are drawn up in accordance with the provisions of the Companies Act 1965 and applicable Approved Accounting Standards in Malaysia so as to give a true and fair view of the financial position of the Group and of the Company as at 31 December 2002 and of the results and the cash flows of the Group and of the Company for the year then ended. Signed on behalf of the Board in accordance with a resolution of the directors

DATO’ DR. MOHD MUNIR BIN ABDUL MAJID

DATO’ MOHAMED YUNUS RAMLI BIN ABBAS

Kuala Lumpur, Malaysia Date: 26 February, 2003

STATUTORY DECLARATION
PURSUANT TO SECTION 169(16) OF THE COMPANIES ACT 1965

I, BAZLAN BIN OSMAN, being the officer primarily responsible for the financial management of CELCOM (MALAYSIA) BERHAD, do solemnly and sincerely declare that the accompanying financial statements set out on pages 86 to 137 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 abovenamed BAZLAN BIN OSMAN at Kuala Lumpur in the Federal Territory on 26 February 2003 Before me, RALPH KINNY FERNANDEZ No. W164 Commissioner for Oaths

) ) ) ) BAZLAN BIN OSMAN

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 85 ]

REPORT OF THE AUDITORS TO THE MEMBERS OF CELCOM ( MALAYSIA) BERHAD

We have audited the accompanying financial statements set out on pages 86 to 137. These financial statements are the responsibility of the Company’s directors. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with applicable Approved Standards on Auditing in Malaysia. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by the directors, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion. In our opinion: a. the financial statements have been properly drawn up in accordance with the provisions of the Companies Act 1965 and applicable Approved Accounting Standards in Malaysia so as to give a true and fair view of: i. the financial position of the Group and of the Company as at 31 December 2002 and of the results and the cash flows of the Group and of the Company for the year then ended; and ii. b. the matters required by Section 169 of the Companies Act 1965 to be dealt with in the financial statements; and

the accounting and other records and the registers required by the Act to be kept by the Company and by its subsidiaries of which we have acted as auditors have been properly kept in accordance with the provisions of the Act.

We have considered the financial statements and the auditors’ report thereon of the subsidiary of which we have not acted as auditors, as indicated in Note 25 to the financial statements, being financial statements that have been included in the consolidated financial statements. We are satisfied that the financial statements of the subsidiaries that have been consolidated with the financial statements of the Company are in form and content appropriate and proper for the purposes of the preparation of the consolidated financial statements and we have received satisfactory information and explanations required by us for those purposes. The auditors’ reports on the financial statements of the subsidiaries were not subject to any qualification material to the consolidated financial statements and did not include any comment required to be made under Section 174(3) of the Act.

ARTHUR ANDERSEN & CO. AF: 0103 Chartered Accountants

Lim Saw Keng No. 2215 /10 /03(J) Partner

Kuala Lumpur, Malaysia Date: 26 February, 2003

[ 86 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

INCOME STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2002

GROUP Note 2002
RM’000

COMPANY 2001 2002
RM’000

2001 Restated RM’000 2,500,424 14,565 (1,676,955) (557,202) 280,832 (196,370) 84,462 84,462 -

Restated RM’000 2,558,765 32,082 (1,619,819) (690,652) 280,376 (307,921) (16,205) (43,750) (22,829) (66,579) 4,379

Revenue Other income Operating expenses Depreciation Profit / (loss) from operations Finance costs, net Share of profit /(loss) of associated companies (Loss) / profit before taxation Taxation Profit / (loss) after taxation Minority interests Net profit / (loss) for the year attributable to shareholders Earnings / (loss) per share Basic (sen)

3 4,7 5,7

2,400,810 226,610 (1,821,961) (759,370) 46,089

2,397,461 14,024 (1,819,776) (703,377) (111,668) (137,317) (248,985) 162,794 (86,191) -

8

(150,609) 6,452 (98,068)

9

130,999 32,931 -

32,931

(62,200)

(86,191)

84,462

10

1.7

(3.1)

The accompanying notes form an integral part of the financial statements.

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 87 ]

BALANCE SHEETS
AS AT 31 DECEMBER 2002

GROUP Note 2002
RM’000

COMPANY 2001 2002
RM’000

2001 Restated RM’000 2,716,763 42,000 2,758,763

Restated RM’000 4,192,483 74,079 5,134 4,271,696 Non-Current Assets Property, plant and equipment Investments Goodwill on consolidation 11 12 13 3,344,000 101,378 3,445,378 Current Assets Inventories Receivables Marketable securities Cash and bank balances 14 15 16 17 5,216 297,334 2,144 651,832 956,526 Current Liabilities Short term borrowings Payables Taxation 18 20 125,633 836,239 34,147 996,019 Net Current (Liabilities) /Assets (39,493) 3,405,885 Financed by: Share capital Reserves Shareholders’ equity Minority interests 21 22 1,983,649 (556,632) 1,427,017 1,427,017 Long term borrowings Deferred taxation Due to subsidiaries Non-current liabilities 18 23 24 1,740,519 238,349 1,978,868 3,405,885 500,000 (691,977) (191,977) 2,502 (189,475) 1,189,256 344,088 1,533,344 1,343,869 1,983,649 (1,143,841) 839,808 839,808 1,740,314 13,074 722,533 2,475,921 3,315,729 2,657,697 981,541 63,100 3,702,338 (2,927,827) 1,343,869 120,366 740,070 860,436 94,994 3,315,729 26,087 368,158 2,868 377,398 774,511 5,220 368,040 582,170 955,430 3,178,734 42,001 3,220,735

17,403 632,512 227,733 877,648

476,007 2,432,755 15,350 2,924,112 (2,046,464) 712,299

500,000 (1,057,650) (557,650) (557,650) 1,109,431 160,518 1,269,949 712,299

The accompanying notes form an integral part of the financial statements.

[ 88 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2002

<--- Non-distributable ---> Foreign Share Note capital RM’000 exchange reserve RM’000 Capital reserves RM’000 Accumulated losses RM’000 Total RM’000

At 1 January 2001 as previously stated Prior year adjustment Merger accounting for internal reorganisation At 1 January 2001 as restated Currency translation differences Net loss for the year At 31 December 2001 22 27

500,000 500,000 500,000

90 90 2,094 2,184

87 903,620 903,707 903,707

(408,099) (235,316) (892,253) (1,535,668) (62,200) (1,597,868)

91,988 (235,316) 11,457 (131,871) 2,094 (62,200) (191,977)

At 1 January 2002 as previously stated Prior year adjustment Merger accounting for internal reorganisation At 1 January 2002 as restated Effect of issue of shares by TRI Capitalisation of advances from TRI Net profit for the year At 31 December 2002 22 1,22 22 27

500,000 500,000 1,483,649 1,983,649

2,184 2,184 2,184

87 903,620 903,707 1,586,063 (1,483,649) 1,006,121

(285,291) (210,994) (1,101,583) (1,597,868) 32,931 (1,564,937)

214,796 (210,994) (195,779) (191,977) 1,586,063 32,931 1,427,017

The accompanying notes form an integral part of the financial statements.

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 89 ]

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2002

Share Note capital RM’000

Accumulated losses RM’000 Total RM’000

At 1 January 2001 as previously stated Prior year adjustment At 1 January 2001 as restated Net profit for the year At 31 December 2001 27

500,000 500,000 500,000

(906,796) (235,316) (1,142,112) 84,462 (1,057,650)

(406,796) (235,316) (642,112) 84,462 (557,650)

At 1 January 2002 as previously stated Prior year adjustment At 1 January 2002 as restated Capitalisation of advances from TRI Net loss for the year At 31 December 2002 1 27

500,000 500,000 1,483,649 1,983,649

(846,656) (210,994) (1,057,650) (86,191) (1,143,841)

(346,656) (210,994) (557,650) 1,483,649 (86,191) 839,808

The accompanying notes form an integral part of the financial statements.

[ 90 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

CASH FLOW STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2002

GROUP 2002
RM’000

COMPANY 2001 2002
RM’000

2001 Restated RM’000 84,462 557,202 202,344 246 (600) 24 (12,082) 223,274 (26,904) 1,027,966 (13,450) (88,688) (29,852) 106,122 1,002,098 (135,166) 866,932

Restated RM’000 (43,750) 690,652 217,629 3,840 (270) 306 1,280 (4,767) 18,356 16,205 3,341 1,812 (12,498) 67,246 315,661 (7,740) 1,267,303 (14,658) (154,753) 15,153 28,511 1,141,556 (205,141) (3,533) 932,882 Cash Flows from Operating Activities (Loss) / profit before taxation Adjustments for: Depreciation Provision for doubtful debts: – trade receivables – other receivables Provision for advances to TRI Provision for doubtful debts written back Provision for permanent diminution in value of investment Goodwill written off Gain on diposal of a subsidiary Unrealised foreign exchange losses Share of (profit) / loss of associated companies Write down of investments in quoted shares Plant and equipment written off Loss / (gain) on disposal of plant and equipment Restructuring costs Discount on prepayment of borrowings Provision for foreseeable losses Provision for impairment losses Interest expense Interest income Operating profit before working capital changes Decrease / (increase) in inventories Increase in receivables (Decrease) / increase in payables (Decrease) / increase in balances with subsidiaries (Decrease) / increase in balances with associated companies Cash generated from operations Interest paid Taxes paid Net cash generated from operating activities (19,987) 851,494 (137,762) (183) 713,549 (9,175) 495,305 (127,858) 367,447 190 (6,452) 724 78,866 111 70,536 (212,690) 81,518 160,114 (9,505) 908,135 12,207 (34,960) (13,901) 76,269 456 39,123 81,518 153,639 (16,322) 916,000 12,184 (50,028) 164,968 (538,644) 73,179 10,242 73,111 9,024 44,790 759,370 703,377 (98,068) (248,985)

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 91 ]

GROUP 2002
RM’000

COMPANY 2001 2002
RM’000

2001 Restated RM’000 5,886 600 (305,516) 12,114 (286,916)

Restated RM’000 9,167 509 (3,615) (387,477) 12,688 (368,728) Cash Flows from Investing Activities Interest received Net cash from deconsolidation of subsidiaries (Note 25) Net cash from disposal of a subsidiary (Note 25) Purchase of shares in subsidiaries Purchase of property, plant and equipment Proceeds from disposal of plant and equipment Net cash used in investing activities Cash Flows from Financing Activities Drawdown of borrowings Repayment of hire purchase and finance lease Repayment of borrowings Proceeds from issuance of shares Payment of restructuring expenses Decrease / (increase) in fixed deposits pledged Net cash (used in) / generated from financing activities (89,737) (737,507) 219,995 1,850,000 (30,095) (3,483,339) 1,641,743 (126,216) 58,170 (40,815) (690,765) (5,927) 1,850,000 (21,758) (1,569,124) (39,123) (13,497) (287,524) 4,908 (284,756) (1) (253,688) 4,353 (233,005) 11,357 16,331

(30,197) (362,210) -

(392,407)

Net Increase / (Decrease) in Cash and Cash Equivalents Effect of Exchange Rate Changes Cash and Cash Equivalents at Beginning of year Cash and Cash Equivalents at End of Year (Note 17)

339,056 124 253,024 592,204

(173,353) (2,611) 428,988 253,024

354,437 227,733 582,170

187,609 40,124 227,733

The accompanying notes form an integral part of the financial statements.

[ 92 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2002

1.

Group Restructuring and Internal Reorganisation During the financial year, the Company’s former holding company, Technology Resources Industries Berhad (“TRI”) completed a restructuring exercise comprising: i. Restricted issue of 153,685,000 new ordinary shares of RM1 each in TRI at an issue price of RM1.75 per ordinary share (with a six-month moratorium on transfer) and 320,149,000 new ordinary shares of RM1 each in TRI at an issue price of RM1.93 per ordinary share (without a moratorium on transfer). Rights issue of 754,907,661 new ordinary shares of RM1 each in TRI at an issue price of RM1 per share to the shareholders of TRI (excluding the placees of the restricted issue referred to above) on the basis of one new share for every one existing ordinary share held.

ii.

iii. Prepayment, redemption and discharge by TRI of each of the following: – Restructured USD200,000,000 Variable Rate Bonds Due 2002 – Restructured USD175,000,000 Variable Rate Bonds Due 2002 – RM50,000,000 overdraft and revolving credit facility with Danaharta Urus Sdn. Bhd. The retirement of these facilities was funded by the proceeds from the above mentioned restricted and rights issues and the following new facilities drawn down by the Company: – RM1,100,000,000 Al-Bai Bithaman Ajil Bonds – RM100,000,000 Al-Murabahah Commercial Papers – RM650,000,000 Syndicated Term Loan iv. The Company changed its status from a private limited company to a public limited company and accordingly changed its name from Celcom (Malaysia) Sdn. Bhd. to Celcom (Malaysia) Berhad. v. The Company increased its issued and paid-up share capital from RM500,000,000 to RM1,983,649,322 by the issuance of 1,483,649,322 ordinary shares of RM1 each at par, by way of the capitalisation of advances from TRI amounting to RM1,483,649,322.

vi. TRI implemented a capital repayment by cancelling its entire issued and paid-up share capital comprising 1,983,649,322 ordinary shares of RM1 each and distributed to its shareholders, its entire interest in the issued and paid-up capital of the Company comprising 1,983,649,322 ordinary shares of RM1 each in the Company on the basis of one share for every one TRI share held. Simultaneously, 1,000 unlisted ordinary shares of TRI of RM1 each were issued and allotted to the Company. Consequently, TRI became a wholly-owned subsidiary of the Company, the listing status of TRI was transferred to the Company, and the Company’s entire issued and paid-up ordinary shares were listed and quoted on the Main Board of the Kuala Lumpur Stock Exchange. 2. Significant Accounting Policies a. Basis of Preparation The financial statements of the Group and of the Company have been prepared under the historical cost convention modified by revaluation of certain properties and comply with the provisions of the Companies Act 1965 and applicable Approved Accounting Standards in Malaysia. The Restructuring Scheme completed during the year satisfied the applicable criteria to be treated as an “internal reorganisation” as contemplated in Malaysian Accounting Standards Board (“MASB”) Standard 21: Business Combinations. Accordingly the Group has applied the principles of merger accounting by which the restructured group is presented in such a manner as to depict that it had been in its resultant form for the entire periods covered by the financial statements i.e. with effect from 31 December 2000. These effects are disclosed in Note 34. Additionally, the financial statements also incorporate the effects of a prior year adjustment for purported purchases of plant and equipment in prior years, upon the discovery of falsified documents. The prior year adjustment is referred to in Note 27, and its effects are disclosed in Note 34.

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 93 ]

b.

Basis of Consolidation i. Subsidiaries The consolidated financial statements include the financial statements of the Company and all its subsidiaries. Subsidiaries are those companies in which the Group has a long term equity interest and where it has power to exercise control over the financial and operating policies so as to obtain benefits therefrom. All subsidiaries are consolidated using the acquisition method of accounting except for subsidiaries acquired upon the internal reorganisation referred to in Note 1 which are accounted for using merger accounting principles. When the merger method is used, the cost of investment in the Company’s books is recorded at the nominal value of shares issued and the difference between the carrying value of the investment and the nominal value of shares acquired is treated as merger reserve or merger deficit. The results of the companies being merged are included as if the merger had been in effect throughout the current and previous financial years. When the acquisition method is used, the results of subsidiaries acquired or disposed of during the year are included in the consolidated income statement from the effective date of acquisition or up to the effective date of disposal, as appropriate. The assets and liabilities of a subsidiary are measured at their fair values at the date of acquisition and these values are reflected in the consolidated balance sheet. The difference between the cost of an acquisition and the fair value of the Group’s share of the net assets of the acquired subsidiary at the date of acquisition is included in the consolidated balance sheet as goodwill arising on consolidation. Intra-group transactions, balances and resulting unrealised gains are eliminated on consolidation and the consolidated financial statements reflect external transactions only. Unrealised losses are eliminated on consolidation unless costs cannot be recovered. The gain or loss on disposal of a subsidiary company is the difference between net disposal proceeds and the Group’s share of its net assets together with any unamortised balance of goodwill and exchange difference which were not previously recognised on the consolidated income statement. Minority interest is measured at the minorities’ share of the post-acquisition fair values of the identifiable assets and liabilities of the acquiree. ii. Associated Companies Associated companies are those companies in which the Group has a long-term equity interest and where it exercises significant influence over the financial and operating policies. Significant influence is the power to participate in the financial and operating policy decisions of the associated company but without control over those policies. Investments in associated companies are accounted for in the consolidated financial statements by the equity method of accounting based on the unaudited management financial statements of the associated companies. Under the equity method of accounting, the Group’s share of profits less losses of associated companies during the year is included in the consolidated income statement. The Group’s interests in associated companies are carried in the consolidated balance sheet at cost plus the Group’s share of post-acquisition retained profits or accumulated losses and other reserves. Unrealised gains on transactions between the Group and the associated companies are eliminated to the extent of the Group’s interest in the associated companies. Unrealised losses are eliminated unless costs cannot be recovered.

[ 94 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

c.

Revenue Recognition Revenue is recognised when it is probable that the economic benefits associated with the transaction will flow to the enterprise and the amount of revenue can be measured reliably as follows: i. Revenues from mobile telephony, fixed services, interconnection and other network based services are recognised based on actual traffic volume net of rebates /discounts. ii. Revenues related to prepaid phone cards are deferred and recognised as revenue based on the actual use of the cards net of service tax and discounts. iii. Interest income includes interest from deposits with licensed banks, finance companies and other financial institutions and is recognised on an accrual basis. iv. All other revenues are recognised net of rebates / discounts upon the rendering of services or sale of products, when the transfer of risks and rewards have been completed.

d.

Goodwill Goodwill represents the excess of the cost of acquisition over the Group’s interest in the fair value of the identifiable assets and liabilities of subsidiaries and associated companies at the date of acquisition. Where an indication of impairment exists, the carrying value of goodwill is reviewed, and if found to be in excess of recoverable amount, is written down immediately to its recoverable amount.

e.

Investments i. Subsidiaries and Associated Companies The investments in subsidiaries and associated companies are stated at cost less impairment losses in the Company’s financial statements. Where an indication of impairment exists, the carrying value of the investment is reviewed, and if found to be in excess of recoverable amount, is written down immediately to its recoverable amount. On disposal of such investments, the difference between net disposal proceeds and their carrying amounts is charged or credited to the income statement. ii. Other Non-Current Investments Non-current investments other than investments in subsidiaries and associated companies are stated at cost less provision for any permanent diminution value. Such provision is made when there is a decline other than temporary in the value of the investments, and is recognised as an expense in the year in which the decline occurs. On disposal of an investment, the difference between net disposal proceeds and the carrying amount is charged or credited to the income statement. iii. Marketable Securities Marketable securities are carried at the lower of cost and market value, determined on an aggregrate basis. Cost is determined based on the weighted average basis while market value is determined based on quoted market values. Increases or decreases in the carrying amount of marketable securities are credited or charged to the income statement. On disposal of marketable securities, the difference between net disposal proceeds and the carrying amount is charged or credited to the income statement.

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 95 ]

f.

Foreign Currencies i. Foreign Currency Transactions Transactions in foreign currencies are initially recorded into Ringgit Malaysia at rates of exchange ruling at the transaction dates. At each balance sheet date, foreign currency monetary items are translated into Ringgit Malaysia at exchange rates ruling at that date. Non-monetary items which are carried at historical cost are translated using the historical rate as of the date of acquisition and non-monetary items which are carried at fair value are translated using the exchange rate that existed when the values were determined. All exchange differences are taken to the income statement. ii. Foreign Entities Financial statements of foreign consolidated subsidiaries are translated at year-end exchange rates with respect to the assets and liabilities, and at exchange rates at the dates of the transactions with respect to the income statement. All resulting translation differences are included in the foreign exchange reserve in shareholders’ equity. Goodwill and fair value adjustments arising on the acquisition of a foreign entity are treated as assets and liabilities of the Group and translated at the exchange rate ruling at the date of the transaction. The principal exchange rates used for every unit of foreign currency ruling at balance sheet date are as follows:
2002 RM 2001 RM

United States Dollar (USD) Special Drawing Rights (SDR) Tanzanian Shilling (Tshs ‘000) Bangladeshi Taka (Taka ‘000) Chinese Yuan Renmimbi (RMB) Iranian Rials (Rial ‘000) g.

3.80 5.17 3.94 64.95 0.46 0.48

3.80 4.86 4.00 64.13 0.46 -

Property, Plant and Equipment, and Depreciation Property, plant and equipment are stated at cost or valuation less accumulated depreciation and impairment losses. The land and building of a subsidiary held at valuation has not been revalued since it was first revalued in 1988. The directors have not adopted a policy of regular revaluation of such assets. As permitted under the transitional provisions of MASB 15: Property, Plant and Equipment, these assets continue to be stated at their 1988 valuation less accumulated depreciation. Freehold land and capital work-in-progress are not depreciated. Leasehold land is depreciated over the period of the respective leases which range from 21 years to 99 years. Depreciation of other property, plant and equipment is provided for on a straight line basis to write off the cost or valuation of each asset to its residual value over the estimated useful life, at the following annual rates: Buildings Telecommunication network and equipment Furniture, fittings, office equipment and renovation Motor vehicles 2% 5% – 20% 10% – 33 1/3% 20%

Where an indication of impairment of a category of assets exists, the carrying amount of the category of assets is revisited, and if found to be in excess of recoverable amount, it is written down immediately to its recoverable amount. Upon the disposal of an item of property, plant or equipment, the difference between the net disposal proceeds and the carrying amount is charged or credited to the income statement.

[ 96 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

h.

Inventories Inventories which comprise primarily of prepaid cards and other telecommunication related peripherals, are stated at the lower of cost and net realisable value. Cost includes the actual cost of materials and incidentals in bringing the inventories to their present location and condition, and is determined on the weighted average cost basis. Net realisable value represents the estimated selling price less all estimated costs to completion and costs to be incurred in marketing, selling and distribution. Leases A lease is recognised as a finance lease if it transfers substantially to the Group all the risks and rewards incident to ownership. All other leases are classified as operating leases. i. Finance Leases Assets acquired by way of hire purchase or finance leases are stated at an amount equal to the lower of their fair values and the present value of the minimum lease payments at the inception of the leases, less accumulated depreciation and impairment losses. The corresponding liability is included in the balance sheet as borrowings. In calculating the present value of the minimum lease payments, the discount factor used is the interest rate implicit in the lease, when it is practicable to determine; otherwise, the Company’s incremental borrowing rate is used. Lease payments are apportioned between the finance costs and the reduction of the outstanding liability. Finance costs, which represent the difference between the total leasing commitments and the fair value at inception, of the assets acquired, are charged to the income statement over the term of the relevant lease so as to produce a constant periodic rate of charge on the remaining balance of the obligations for each accounting period. The depreciation policy for leased assets is consistent with that for depreciable property, plant and equipment as described in Note 2(g). ii. Operating Leases Leases of assets under which all benefits and risks of ownership are effectively retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the income statement on a straight line basis over the period of the lease.

i.

j.

Defined Contribution Plan The Group’s and the Company’s contribution to the Employees’ Provident Fund are charged to the income statement in the financial year to which they relate. Deferred Tax The tax expense for the year is based on the profit for the year, as adjusted for tax purposes, together with a charge or credit for deferred taxation. Deferred taxation is provided for by the liability method for all timing differences except when there is reasonable evidence that these timing differences will not reverse in the foreseeable future. Deferred tax benefits are only recognised when there is a reasonable expectation of realisation in the near future.

k.

l.

Deferred Revenue Deferred revenue comprises: i. ii. The unutilised balance of airtime and access fee in respect of prepaid cards sold to customers. Such revenue amounts are recognised as revenue upon utilisation of airtime and activation of access rights by the customer. The value of advance billings made to customers in respect of the rental of fibre optic network. Such amounts are recognised as revenue systematically over the period covered by the advance billings.

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 97 ]

m. Cash and Cash Equivalents For the purposes of the cash flow statements, cash and cash equivalents include cash on hand and at banks, deposits at call and short-term highly liquid investments which have an insignificant risk of changes in value, net of outstanding bank overdrafts. Deposits held as pledged securities for term loans granted to certain associated companies are not included as cash and cash equivalents. n. Provisions for Liabilities Provisions for liabilities are recognised when the Group has a present obligation as a result of a past event and it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate of the amount can be made. Provisions are reviewed at each balance sheet date and adjusted to reflect the current best estimate. Where the effect of the time value of money is material, the amount of a provision is the present value of the expenditure expected to be required to settle the obligation. Provisions for restructuring costs are recognised when the Group has a detailed formal plan for the restructuring which has been notified to affected parties. o. Financial Instruments Financial instruments are recognised in the balance sheet when the Group has become a party to the contractual provisions of the instrument. Financial instruments are classified as liabilities or equity in accordance with the substance of the contractual arrangement. The particular recognition method adopted for financial instruments recognised in the balance sheet is dislcosed in the individual accounting policies associated with each item. The Group uses derivative financial instruments to hedge its exposure to foreign exchange arising from financing activities. In accordance with its treasury policy, the Group does not hold or issue derivative financial instruments for trading purposes. In assessing the value of financial instruments, the Group refers to traded market values or applies the discounted cash flow method to discount future cash flows to determine their fair value. The fair values of financial liabilities are estimated by discounting future cash flows at current market interest rate available to the Group. The fair values for financial assets and liabilities with a maturity of less than one year are assumed to approximate their net carrying amounts. p. Trade and Other Receivables Trade and other receivables are carried at anticipated realisable values. Bad debts are written off when identified. An estimate is made for doubtful debts based on a review of all outstanding amounts as at the balance sheet date. q. Interest-Bearing Borrowings Interest-bearing bank loans and overdrafts are recorded at the amount of proceeds received, net of transaction costs. Borrowing costs are charged to the income statement as an expense in the period in which they have accrued. r. Share Capital Ordinary shares with discretionary dividends are classified as equity. Costs of issuing equity securities in connection with a business combination are included in the cost of acquisition. Costs attributable to issuance of equity securities for other purposes are accounted for as a deduction from equity net of tax. Dividend distributions on ordinary shares are recognised in equity in the period in which they are declared.

[ 98 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

3.

Revenue Revenue of the Group and of the Company consists of the following: GROUP 2002
RM’000

COMPANY 2001 2002
RM’000

2001 RM’000 2,450,390 44,069 5,965 2,500,424

RM’000 2,482,447 58,257 5,822 12,239 2,558,765

Telecommunication: Mobile Fixed Non-telecommunication: Interest income Others 3,970 9,605 2,400,810 2,331 2,397,461 2,341,773 45,462 2,349,668 45,462

4.

Other Income Included in other income of the Group and of the Company are the following: GROUP 2002
RM’000

COMPANY 2001 2002
RM’000

2001 RM’000 600 12,082 -

RM’000 4,767 1,195 270 158 12,498 -

Discount on prepayment of borrrowings (Note 7) Gain on disposal of a subsidiary (Note 7) Bad debts recovered Provision for doubtful debts written back Rental income Gain on disposal of plant and equipment Net gain on foreign exchange – realised 212,690 4,063 55 104 4,063 371

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 99 ]

5.

Operating Expenses Operating expenses of the Group and of the Company consist of the following: GROUP 2002
RM’000

COMPANY 2001 2002
RM’000

2001 RM’000 338,077 237,286 191,121 202,344 306,443 63,263 4,608 25,307 32,551

RM’000 260,657 223,998 4,941 217,629 3,840 311,298 59,444 5,534 43,307 32,918

Interconnection outpayments Microwave charges Staff costs * Directors’ remuneration (Note 6) Payment to former executive directors (Note 7) Provision for advances to TRI (Note 7) Restructuring costs (Note 7) Provision for doubtful debts: – trade receivables – other receivables Marketing, advertising and promotion costs Rental of premises Rental of motor vehicles and equipment Universal Service Provision / Obligation contribution Cost of inventories Auditors’ remuneration: Statutory audit fees – auditors of the Company – other auditors Other services – auditors of the Company Management fees Plant and equipment written off (Note 7) Provision for impairment losses (Note 7) Unrealised foreign exchange losses (Note 7) Goodwill written off (Note 7) Provision for foreseeable losses (Note 7) Provision for permanent diminution in value of investment Write down of investments in quoted shares Loss on disposal of plant and equipment Other operating expenses

308,867 235,284 4,436 55,826 70,536 73,179 10,242 340,101 69,228 5,752 51,423 32,051

335,206 100,636 221,651 451 44,790 39,123 73,111 9,024 339,529 75,542 5,625 43,923 31,951

451 1,770 78,866 81,518 190 724 111 401,406 1,821,961

471 98 1,639 1,812 18,356 1,280 67,246 306 3,341 361,704 1,619,819

325 1,017 1,800 76,269 81,518 456 337,829 1,819,776

250 755 2,400 24 246 272,280 1,676,955

Included in staff costs is the cost of the manpower rationalisation exercise disclosed in Note 7. The number of employees in the Group and in the Company at the end of the financial year were 2,404 (2001: 4,660) and 2,210 (2001: 4,000) respectively.

[ 100 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

6.

Directors’ Remuneration GROUP 2002
RM’000

COMPANY 2001 2002
RM’000

2001 RM’000

RM’000

Directors of the Company as at 31 December 2002 Executive: Salaries Fees Allowances Benefits-in-kind 298 5 2 19 324 Non-executive: Fees Allowances Benefits-in-kind 446 90 13 549 Former directors of the Company and TRI Executive: Salaries Allowances Bonus Benefits-in-kind 1,576 731 1,118 37 3,462 Non-executive: Advisory fees Fees Allowances Benefits-in-kind 3,472 613 507 80 4,672 57 57 98 1 9 108 149 60 6 215 -

130 27 13 7 177

190 41 11 8 250

130 13 7 150

-

Other directors Non-executive: Fees Total Analysis excluding benefits-in-kind: Total executive directors’ remuneration excluding benefits-in-kind Total non-executive directors’ remuneration excluding benefits-in-kind Total directors’ remuneration excluding benefits-in-kind 3,730 706 4,436 4,592 349 4,941 99 352 451 4,512 50 5,029 473 -

The directors remuneration of the Group includes the remuneration of directors of TRI prior to the completion of the internal reorganisation and assumption of TRI’s listing status by the Company. The above amounts do not include payments made to former executive directors of TRI which is disputed by the Group as disclosed in Note 7 and Note 32.

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 101 ]

7.

Exceptional Items Included in other operating income and operating expenses of the Group and of the Company are the following exceptional items of the Group and of the Company: GROUP 2002
RM’000

COMPANY 2001 2002
RM’000

2001 RM’000 600

RM’000 4,767

Included in other operating income: Discount on prepayment of borrowings (Note a) Gain on disposal of a subsidiary Included in operating expenses: Manpower rationalisation costs (Note b) Payment to former executive directors (Note c) Provision for advances to TRI Restructuring costs (Note d) Unrealised foreign exchange losses Goodwill written off Provision for foreseeable losses (Note e) Provision for impairment losses (Note f) Plant and equipment written off (Note g) (92,073) (55,826) (70,536) (81,518) (78,866) (166,129) a. (18,356) (1,280) (67,246) (82,115) (84,884) (44,790) (39,123) (81,518) (76,269) (326,584) 600 212,690 -

The discount arose as a result of the early redemption of TRI’s Variable Rates Bonds and Danaharta Loan as disclosed in Note 1 and Note 18.

b.

Included in the Group’s staff cost is the cost of the manpower rationalisation exercise as disclosed in Note 32 was completed during the financial year.

c.

The payments to former executive directors were made by TRI to certain of its former directors. The Group is disputing the legality of these payments, and legal action to recover the amounts from the former directors has been instituted as disclosed in Note 32.

d.

The restructuring costs were incurred in relation to the refinancing of the Company’s Multi Structure Facilities and long term payables as disclosed in Note 1.

e.

The provision for foreseeable losses made in the prior year relates to provisions made in anticipation of expected losses and write-offs in respect of TRI’s investment in TRI Telecommunication Tanzania Limited.

f.

The provision for impairment losses relates to the write-down of certain classes of plant and equipment to their estimated recoverable amounts, upon a current assessment of the anticipated remaining use of analogue and fixed line networks, including amounts in respect of capital work in progress (see Note 11). The recoverable amounts are determined based on the present value of expected future cash flows from the affected classes of plant and equipment, this being considered their value in use. The rate applied in discounting expected future cash flows is 5%.

g.

During the financial year, the Group undertook a physical verification exercise to identify obsolete and damaged equipment and has accordingly written off such assets.

[ 102 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

8.

Finance Costs, Net GROUP 2002
RM’000

COMPANY 2001 2002
RM’000

2001 RM’000 222,411 863 223,274 (5,888) (21,016) 196,370

RM’000 314,635 1,026 315,661 (7,740) 307,921

Profit payable on Islamic Private Debt Securities Interest expense on: – Borrowings – Others

66,702 92,685 727 160,114

66,702 86,268 669 153,639 (7,904) (8,418) 137,317

Interest income from: – Deposits – Subsidiaries (9,505) 150,609

9.

Taxation GROUP 2002
RM’000

COMPANY 2001 2002
RM’000

2001 RM’000 -

RM’000 1,844 352 15,893 18,089 4,740 22,829

Tax expense for the year: Malaysian income tax Foreign tax Deferred taxation (Note 23) 11,879 (105,739) (93,860) Tax expense of prior years: Malaysian income tax (37,139) (130,999) (15,350) (162,794) (147,444) (147,444)

The tax charge of the Group arises despite the loss incurred, in view of the unavailability of Group relief for the profits made by certain subsidiaries. GROUP 2002
RM’000

COMPANY 2001 2002
RM’000

2001 RM’000

RM’000

Tax Losses and Capital Allowances: Tax savings recognised during the year arising from: Utilisation of current year tax losses Utilisation of tax losses brought forward from previous years Unutilised tax losses carried forward Unutilised capital allowances carried forward 14,725 70,533 1,820,111 7,140 83,521 1,669,407 1,820,111 1,652,239 85 -

The unutilised tax losses and capital allowances carried forward are subject to the agreement of the Inland Revenue Board.

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 103 ]

10. Earnings /(Loss) Per Share a. Basic Basic earnings / (loss) per share is calculated by dividing the net profit / (loss) for the year attributable to shareholders by the weighted average number of ordinary shares in issue during the financial year.
GROUP 2002

2001 (62,200) 1,983,649 (3.1)

Net profit / (loss) for the year attributable to shareholders (RM’000) Weighted average number of ordinary shares in issue (‘000) Basic earnings / (loss) per share (sen)

32,931 1,983,649 1.7

The basic loss per share for the financial year ended 31 December 2001 has been restated to include the retrospective effect of the following: i. ii. The prior year adjustment as explained in Note 27; and The issuance of 1,483,649,322 ordinary shares of RM1 each at par through capitalisation of intercompany balances as disclosed in Note 1. b Diluted Diluted earnings / (loss) per share is not presented in the financial statements since there are no dilutive potential ordinary shares.

[ 104 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

11. Property, Plant and Equipment
Furniture, fittings, office equipment, motor vehicles and Buildings RM’000 renovation RM’000

Freehold Leasehold Group land RM’000 land RM’000

Tele communication network and equipment RM’000

Capital work-inprogress RM’000 Total RM’000

Cost / Valuation At 1 January 2002 as previously stated Merger accounting for internal reorganisation Prior year adjustment (Note 27) At 1 January 2002 as restated Additions Transfers Write offs Transfer to investment in and advances to an associated company Disposals Deconsolidation of subsidiaries At 31 December 2002 Representing: At cost At valuation 7,102 1,787 8,889 Accumulated Depreciation and Impairment Losses At 1 January 2002 as previously stated Merger accounting for internal reorganisation Prior year adjustment (Note 27) At 1 January 2002 as restated Depreciation charge for the year Write offs Transfer to investment in and advances to an associated company Disposals Deconsolidation of subsidiaries Impairment losses (Note 7) At 31 December 2002 2,372 (477) 7,059 (9,561) (5,869) 416,172 (2,921) (68,088) 48,327 3,268,561 33,191 33,191 (2,921) (9,561) (74,434) 81,518 3,727,355 462 2,027 345 107 5,791 1,745 15,357 360,579 72,175 (1,152) 66,910 (48,321) 2,704,294 685,105 (98,156) 82,836 (48,321) 3,072,691 759,370 (99,308) 1,565 5,684 345,222 2,685,705 3,038,176 25,507 25,507 82,367 306 82,673 643,779 643,779 6,095,833 6,095,833 214,674 214,674 7,069,262 2,093 7,071,355 8,889 25,507 (4,703) 82,673 (14,580) (10,446) 643,779 (35,050) (213,464) 6,095,833 (5,284) 214,674 (35,050) (14,580) (233,897) 7,071,355 8,889 1,787 4,689 24,435 1,072 412 87,376 20,616 586,847 83,309 (1,351) 198,707 (259,315) 5,989,822 43,131 485,619 (174,225) 5,279 567,805 140,370 (485,619) (2,598) 231,490 (259,315) 7,265,174 267,882 (178,174) 7,102 19,746 86,964 566,231 6,050,430 562,526 7,292,999

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 105 ]

Freehold Leasehold Group land RM’000 land RM’000 Buildings RM’000

Furniture, fittings, office equipment, motor vehicles and renovation RM’000

Tele communication network and equipment RM’000

Capital work-inprogress RM’000 Total RM’000

Net Book Value At 31 December 2002 At cost At valuation 7,102 1,787 8,889 At 31 December 2001 as restated At cost At valuation 7,102 1,787 8,889 At 31 December 2001 as previously stated At cost Depreciation Year ended 31 December 2001 As previously stated As restated 422 599 1,671 1,680 70,670 73,161 622,631 615,212 695,394 690,652 7,102 18,181 81,280 221,009 3,364,725 562,526 4,254,823 22,408 22,408 81,279 306 81,585 226,268 226,268 3,285,528 3,285,528 567,805 567,805 4,190,390 2,093 4,192,483 23,135 23,135 75,316 298 75,614 227,607 227,607 2,827,272 2,827,272 181,483 181,483 3,341,915 2,085 3,344,000

[ 106 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

Company

Freehold Leasehold land land RM’000 RM’000

Furniture, fittings, office equipment, motor vehicles and Buildings renovation RM’000 RM’000

Tele communication network and equipment RM’000

Capital work-inprogress RM’000

Total RM’000

Cost At 1 January 2002 as previously stated Prior year adjustment (Note 27) At 1 January 2002 as restated Additions Transfers Transfer from subsidiaries Transfer to investment in and advances to an associated company Write offs Disposals At 31 December 2002 Accumulated Depreciation and Impairment Losses At 1 January 2002 as previously stated Prior year adjustment (Note 27) At 1 January 2002 as restated Depreciation charge for the year Transfer from subsidiaries Transfer to investment in and advances to an associated company Disposals Write offs Impairment losses (Note 7) At 31 December 2002 Net Book Value At 31 December 2002 367 3,320 3,543 220,158 2,778,062 173,284 3,178,734 472 489 (7,909) (1,152) 397,479 (2,921) (98,155) 48,327 3,186,310 33,191 33,191 (2,921) (7,909) (99,307) 81,518 3,617,941 406 406 66 408 408 81 327,549 327,549 71,848 7,143 2,181,332 (48,321) 2,133,011 631,382 474,666 2,509,695 (48,321) 2,461,374 703,377 481,809 367 3,792 4,032 (1,351) (12,718) 617,637 (35,050) (174,225) 5,964,372 206,475 (35,050) (175,576) (12,718) 6,796,675 367 367 3,792 3,792 4,032 4,032 537,182 537,182 87,377 7,147 4,627,171 (259,315) 4,367,856 37,845 478,360 1,289,586 264,908 264,908 137,207 (478,360) 282,720 5,437,452 (259,315) 5,178,137 262,429 1,579,453

At 31 December 2001 As restated As previously stated 367 367 3,386 3,386 3,624 3,624 209,633 209,633 2,234,845 2,445,839 264,908 264,908 2,716,763 2,927,757

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 107 ]

Company

Freehold Leasehold land land RM’000 RM’000

Furniture, fittings, office equipment, motor vehicles and Buildings renovation RM’000 RM’000

Tele communication network and equipment RM’000

Capital work-inprogress RM’000

Total RM’000

Depreciation Year ended 31 December 2001 As previously stated As restated a. 85 85 136 136 68,993 68,993 512,310 487,988 581,524 557,202

Details of independent professional valuations of freehold land and buildings carried at valuation by the Group as at 31 December 2002 are as follows:
Year of valuation Description of property Valuation amount RM’000 Basis of valuation

1988

Freehold land and building at Jalan Ampang, Kuala Lumpur

2,200

Open market basis

Had the revalued freehold land and building of the Group been carried at historical cost less accumulated depreciation, the net book value of the freehold land and building that would have been included in the financial statements of the Group as at 31 December 2002 would be RM3,259,000 (2001: RM3,296,000). b. Included in leasehold land and buildings of the Group and of the Company are leasehold land with unexpired term of 50 or more years with carrying values of RM17,969,000 (2001: RM18,172,000) and RM2,762,000 (2001:RM2,797,000) respectively. c. The net book values of plant and equipment held under hire purchase and finance lease arrangements are as follows: GROUP 2002
RM’000

COMPANY 2001 2002
RM’000

2001 RM’000 41,094 10,782 2,208 54,084

RM’000 63,596 10,782 2,208 76,586

Telecommunication network and equipment Furniture, fittings and office equipment Motor vehicles

53,663 1,669 569 55,901

37,414 1,669 569 39,652

d.

During the financial year, the Group and Company acquired plant and equipment with an aggregate cost of RM267,882,000 (2001: RM743,524,000) and RM262,429,000 (2001: RM577,255,000) respectively of which RM Nil (2001: RM14,013,000) and RM Nil (2001: RM11,547,000) respectively were by means of finance lease arrangements.

e.

Included in property, plant and equipment of the Group and of the Company are fully depreciated assets which are still in use costing RM717,211,000 (2001: RM458,262,000) and RM704,235,000 (2001: RM449,851,000) respectively.

f.

Property, plant and equipment of the Company have been pledged to financial institutions for bank borrowings as referred to in Note 18(a).

[ 108 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

12. Investments GROUP 2002
RM’000

COMPANY 2001 2002
RM’000

2001 RM’000 27,000 15,000 42,000

RM’000 73,838 241 74,079

Subsidiaries (Note a) Associated companies (Note b) Other investments (Note c)

101,378

27,001 15,000 42,001

101,378

a.

Investment in Subsidiaries COMPANY 2002
RM’000

2001 RM’000 29,083 (2,083) 27,000

In Malaysia: Unquoted shares, at cost Less: Accumulated impairment losses 29,084 (2,083) 27,001 The details of the subsidiaries are disclosed in Note 25. b. Investment in Associated Companies GROUP 2002
RM’000

COMPANY 2001 2002
RM’000

2001 RM’000 15,000 15,000 15,000

RM’000 40,780 40,780 33,058 73,838

In Malaysia: Unquoted shares, at cost Outside Malaysia: Unquoted shares, at cost 34,386 75,166 Share of post-acquisition reserves 26,212 101,378 Represented by: Share of tangible net assets Goodwill on acquisition 96,244 5,134 101,378 73,838 73,838 15,000 15,000 40,780 15,000

The Group has excluded the amount that would otherwise have been accounted for in respect of the current year share of losses after taxation of associated companies amounting to RM13,208,000 (2001: RM Nil) from the financial statements following discontinuation of the equity accounting for the results of these companies upon the carrying amount of these investments having been fully eroded. The Group has no obligations to finance those losses. The details of the associated companies are disclosed in Note 26.

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 109 ]

c.

Other Non-Current Investments GROUP 2002
RM’000

COMPANY 2001 2002
RM’000

2001 RM’000 833 833 (833) -

RM’000 1,113 1,533 2,646 (2,405) 241

Unquoted shares, at cost: In Malaysia Outside Malaysia 1,113 11,644 12,757 Provision for permanent diminution in value (12,757) 13. Goodwill on Consolidation GROUP 2002
RM’000

833 833 (833) -

2001 RM’000 5,134 5,134 5,134

At 1 January as previously reported Effect of merger accounting for internal reorganisation At 1 January as restated Reclassification to investment in associated companies At 31 December

5,134 5,134 (5,134) -

This represents goodwill previously accounted for in the consolidated financial statements of TRI. 14. Inventories GROUP 2002
RM’000

COMPANY 2001 2002
RM’000

2001 RM’000 17,095 308 17,403

RM’000 18,124 7,963 26,087

At cost: SIM and recharge cards Other telecommunication peripherals 5,216 5,216 5,220 5,220

The cost of inventories recognised as an expense during the financial year in the Group and in the Company amounted to RM32,051,000 (2001: RM32,918,000) and RM31,951,000 (2001: RM32,551,000) respectively.

[ 110 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

15. Receivables GROUP 2002
RM’000

COMPANY 2001 2002
RM’000

2001 RM’000 664,833 (423,273) 241,560 409,594 29,329 10,002 558 2,224 451,707 (60,755) 390,952 632,512

RM’000 747,360 (463,798) 283,562 40,262 15,240 12,210 2,409 558 184,730 20,409 275,818 (191,222) 84,596 368,158

Trade receivables Less: Provision for doubtful debts

738,736 (514,347) 224,389

714,923 (493,563) 221,360 202,638 19,389 35,349 7,262 558 2,984 268,180 (121,500) 146,680 368,040

Due from subsidiaries Due from associated companies Deposits Prepayments Tax recoverable Interest receivable Deposits for acquisition of property Due from former executive directors of TRI (Note 7) Funds placed with third parties Other receivables

145,728 37,858 7,265 12,200 557 558 55,826 184,730 16,494 461,216

Less: Provision for doubtful debts (388,271) 72,945 297,334

The Group’s normal trade credit terms range from 30 to 60 days. Other credit terms are assessed and approved on a case-by-case basis. Other than amounts already provided against, the Group has no significant concentration of credit risk that may arise from exposures to a single debtor or to a group of debtors. Included in amounts due from subsidiaries are unsecured advances of RM93,794,000 (2001: RM353,657,000) with a weighted average effective interest rate of 5.70% (2001: 7.58%) per annum. These advances have no fixed terms of repayment. The remaining amounts due from subsidiaries are unsecured, interest-free and have no fixed terms of repayment.

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 111 ]

The amounts due from associated companies comprise: GROUP 2002
RM’000

COMPANY 2001 2002
RM’000

2001 RM’000 -

RM’000 -

Sheba Telecom (Pvt.) Ltd TRI Telecommunication Tanzania Limited Mobile Telecommunications Company of Esfahan (J.V. - P.J.S)

4,650 124,352 16,726 145,728

2,663 16,726 19,389 (2,663) 16,726

Less: Provision for doubtful debts (124,352) 21,376

The amounts due from associated companies are unsecured, interest-free and have no fixed terms of repayment. Included in deposits of the Group and of the Company is an amount of RM2,488,000 (2001: RM2,494,000) paid to Technology Resources Properties Sdn. Bhd., a company in which a former director of the Company, Tan Sri Dato’ Tajudin bin Ramli has interest. Funds placed with third parties relate to placements made by a subsidiary, Rego Multi-Trades Sdn. Bhd. with Aras Capital Sdn. Bhd. for investment purposes. The amount was fully provided for as doubtful debts during the financial year ended 31 December 1999. 16. Marketable Securities GROUP 2002
RM’000

2001 RM’000 2,868

At lower of cost and market value: Shares quoted in Malaysia 2,144

The above marketable securities are stated at market value as at 31 December 2002. Included in the marketable securities are cost of shares and warrants amounting to RM3,605,000 (2001: RM3,605,000) and RM294,000 (2001: RM294,000) respectively, held in Naluri Berhad, a company in which a former director of the Company, Tan Sri Dato’ Tajudin bin Ramli had interest.

[ 112 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

17. Cash and Bank Balances GROUP 2002
RM’000

COMPANY 2002
RM’000

2001 RM’000 242 56,286 56,528 118,796 8,363 193,711 377,398

2001 RM’000 225 36,437 36,662 100 190,971 227,733

Cash on hand Cash at banks Fixed deposits with: Licensed banks Other financial institutions Short term placements with: Licensed banks Other financial institutions

219 35,119 35,338 60,478 65,036 272,296 218,684 651,832

211 27,826 28,037 100 65,036 270,313 218,684 582,170

The weighted average interest rates during the financial year and the average maturities of deposits and placements as at 31 December 2002 were as follows:
Weighted average interest rates (%) Group Company Average maturities (days) Group Company

Licensed banks Other financial institutions

2.2% 2.7%

2.7% 2.7%

31 26

20 26

Other financial institutions are merchant banks and discount houses in Malaysia. Included in fixed deposits of the Group are amounts pledged as security for banking facilities granted to the following associated companies:
2002 Amount Outstanding pledged loan RM’000 RM’000

2001 Amount Outstanding pledged loan RM’000 RM’000 56,589 61,209 117,798 49,356 69,235 118,591

Sheba Telecom (Pvt.) Ltd. TRI Telecommunication Tanzania Limited

59,628 59,628

55,730 7,492 63,222

Included in short term placements of the Group and of the Company amounting to RM60,124,000 (2001: RM Nil) are funds earmarked for principal and interest repayments under terms of the borrowings raised during the financial year as mentioned in Note 18. Reconciliation to cash and cash equivalents in the cash flow statements: GROUP 2002
RM’000

COMPANY 2002
RM’000

2001 RM’000 377,398 (6,576) (117,798) 253,024

2001 RM’000 227,733 227,733

Cash and bank balances Less: Bank overdrafts (Note 18) Fixed deposits pledged Cash and cash equivalents

651,832 (59,628) 592,204

582,170 582,170

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 113 ]

18. BORROWINGS GROUP 2002
RM’000

COMPANY 2001 2002
RM’000

2001 RM’000

RM’000

Short Term Borrowings Secured Bank overdrafts Long term borrowings due within twelve months Hire purchase and finance lease (Note 19) 112,500 13,133 125,633 Unsecured Bank overdrafts 125,633 Long Term Borrowings a. New Term Financing Al-Murabahah Commercial Papers Al-Bai Bithaman Ajil Bonds Floating rate RM syndicated term loan b. Multi Structure Facilities (“MSF”) Floating rate bonds Fixed rate bonds Floating rate USD term loan Floating rate guaranteed revolving underwriting notes Long term payables c. d. e. f. Floating rate Taka term loan Floating rate USD term loan Danaharta loan Variable rate bonds 1,850,000 Hire purchase and finance lease (Note 19) 16,152 1,866,152 Less: Due within one year (125,633) 1,740,519 (2,651,121) 1,189,256 (120,366) 1,740,314 (476,007) 1,109,431 146,250 536,360 44,900 69,326 45,619 2,081,284 3,794,130 46,247 3,840,377 1,850,000 10,680 1,860,680 146,250 536,360 1,553,001 32,437 1,585,438 315,000 139,219 416,172 315,000 139,219 416,172 100,000 1,100,000 650,000 100,000 1,100,000 650,000 2,120 2,657,697 120,366 476,007 4,456 2,619,370 31,751 2,655,577 112,500 7,866 120,366 452,593 23,414 476,007

[ 114 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

Maturity of borrowings (excluding hire purchase and finance lease payables): GROUP 2002
RM’000

COMPANY 2001 2002
RM’000

2001 RM’000 50,626 50,624 37,969 139,219

RM’000 96,245 50,624 37,969 184,838

Fixed Rate Borrowings Within one year More than one year and less than two years More than two years and less than five years Five years or more 900,000 200,000 1,100,000 Floating Rate Borrowings Within one year More than one year and less than two years More than two years and less than five years Five years or more 112,500 262,500 375,000 750,000 Total Borrowings Within one year More than one year and less than two years More than two years and less than five years Five years or more 112,500 262,500 1,275,000 200,000 1,850,000 2,619,370 675,761 498,999 3,794,130 112,500 262,500 1,275,000 200,000 1,850,000 452,593 641,161 459,247 1,553,001 2,523,125 625,137 461,030 3,609,292 112,500 262,500 375,000 750,000 401,967 590,537 421,278 1,413,782 900,000 200,000 1,100,000

The effective interest rates during the financial year for borrowings (excluding hire purchase and finance lease payables), were as follows: GROUP 2002
%

COMPANY 2001 % 6.0 9.5 6.9 5.8 8.0 11.8 9.7 6.9 7.9 2002
%

2001 % 6.0 9.5 6.9 5.8 8.0 -

Al-Murabahah Commercial Papers Al-Bai Bithaman Ajil Bonds Floating rate RM syndicated term loan Floating rate bonds Fixed rate bonds Floating rate USD term loan Floating rate guaranteed revolving underwriting notes Long term payables Floating rate Taka term loan Floating rate USD term loan Danaharta loan Variable rate bonds

3.6 7.9 5.6 6.2 9.5 4.5 6.3 4.9 10.8 10.6 6.9 5.9

3.6 7.9 5.6 6.2 9.5 4.5 6.3 4.9 -

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 115 ]

a.

During the financial year, the Company issued RM1.85 billion New Term Financing, comprising Islamic Private Debt Securities and syndicated term loan of RM1.2 billion and RM650 million respectively for the purpose of refinancing the credit facilities under the MSF. The Islamic Private Debt Securities consist of Al-Bai Bithaman Ajil Bonds (“Bonds”) and Al-Murabahah Commercial Papers of RM1.1 billion and RM100 million respectively. Tenure of the Bonds ranges from three to six years from the date of issue and the bonds carry profit rates, which have been fixed in accordance with Syariah principles at rates ranging from 7.00% to 8.50% per annum. They are repayable semi-annually from the respective issue dates. The Bonds are traded scripless under the Real Time Electronic Transfer of Funds and Securities operated and managed by Bank Negara Malaysia. The Al-Murabahah Commercial Papers and syndicated term loan are repayable at their various maturity dates from 2003 to 2007. The New Term Financing facilities are secured by fixed and floating charge over the assets of the Company including but not limited to shares of its wholly-owned subsidiaries, which are to be released when the Group’s gearing ratio falls below 1.0. The Company is also required to deposit a proportion of its monthly excess cashflows into designated bank accounts from which funds can be utilised only for interest and principal repayments on these borrowings, as disclosed in Note 17. These facilities require the Group to maintain minimum finance service coverage ratio, minimum earnings before interest, taxation, depreciation and amortisation (“EBITDA”) to gross finance expense, limit debt to EBITDA ratio and limit gearing ratio.

b.

The MSF were secured against the Company’s and its subsidiaries’ cash flows and the execution of a Deed of Subordination from its former holding company, TRI. During the financial year, as disclosed in Note 1, the Company refinanced the entire MSF with the proceeds from the Islamic Private Debt Securities and floating rate RM syndicated term loan as described in (a) above.

c.

The floating rate Taka term loan was disbursed to a former subsidiary, Sheba Telecom (Pvt.) Ltd. and is secured against the fixed deposit placed by TRI as disclosed in Note 17. It is repayable by six equal semi annual instalments commencing May 2003.

d.

The floating rate USD loan was disbursed to a former subsidiary, TRI Telecommunication Tanzania Limited (“Tritel”) and had been secured against the fixed deposit placed by TRI as disclosed in Note 17 and corporate guarantee given by TRI. During the financial year, Tritel was served with a notice of default by the bank and the entire fixed deposits pledged were used towards repayment. The Group utilised part of the provision for foreseeable losses made in the prior year to absorb the loss incurred as a result of this, as disclosed in Note 7 and Note 20.

e.

The Danaharta loan is secured on similar terms and ranks pari passu with the Variable Rate Bonds disclosed in (f) below. As disclosed in Note 1, the Company retired the entire loan amount during the financial year.

f.

On 23 November 2000, TRI entered into debt restructuring arrangements and signed the Consolidated and Restated Trust Deed with the holders of USD375,000,000 Convertible Bonds issued in 1994 to defer payment and revise the terms and conditions attached to the Convertible Bonds (referred to as “the Bonds”). The restructuring also involved the Danaharta loan as described in (e) which ranks parri passu with the restructured Bonds. Under the debt restructuring agreement, the Bonds matured on 29 May 2002 and bore interest at LIBOR plus 3.75% per annum. The restructured Bonds were secured against the first ranking charge of TRI’s 49% equity interest in Celcom. In addition, the share certificates of the remaining 51% equity interest previously held by TRI in the Company were placed with the Security Trustee in accordance with the Share Lock Up Agreement dated 21 June 2001. On 16 April 2002, TRI prepaid and redeemed all its outstanding obligations under the Bonds and Danaharta loan at a discount of RM212,690,000 as disclosed in Note 7.

[ 116 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

19. Hire Purchase and Finance Lease Payables GROUP 2002
RM’000

COMPANY 2001 2002
RM’000

2001 RM’000 25,521 7,570 2,130 35,221 (2,784) 32,437

RM’000 35,593 14,167 2,130 51,890 (5,643) 46,247

Minimum lease payments: Not later than one year Later than one year and not later than two years Later than two years and not later than five years Less: Future finance charges Present value of finance lease liabilities Present value of finance lease liabilities: Not later than one year Later than one year and not later than two years Later than two years and not later than five years 13,133 3,019 16,152 Analysed as: Due within twelve months (Note 18) Due after twelve months (Note 18) 13,133 3,019 16,152 31,751 14,496 46,247 7,866 2,814 10,680 23,414 9,023 32,437 31,751 12,486 2,010 46,247 7,866 2,814 10,680 23,414 7,013 2,010 32,437 14,720 3,132 17,852 (1,700) 16,152 8,428 2,884 11,312 (632) 10,680

The hire purchase and finance lease payables bore interests during the year of between 5.4% to 10.0% (2001: 5.4% to 10.0%) per annum. 20. Payables GROUP 2002
RM’000

COMPANY 2001 2002
RM’000

2001 RM’000 4,349 1,042,000 591,551 259,316 66,492 91,233 53,498 97,699 66,128 160,489 2,432,755

RM’000 13,721 33,653 136,194 97,436 53,934 119,671 122,619 3,349 67,246 333,718 981,541

Trade payables Due to TRI: – interest bearing – interest free Due to Rego Multi-Trades Sdn. Bhd. Due to associated companies Telecommunication network and equipment suppliers Customers’ deposits Deferred revenue Accrued expenses Duties and other taxes payable Interest payable Provision for foreseeable losses (Note 7) Other payables

36,193 13,666 124,222 120,553 136,807 113,368 67,212 25,701 6,370 192,147 836,239

34,681 3,938 10,214 94,496 120,542 136,465 101,363 66,931 25,701 145,739 740,070

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 117 ]

The interest bearing advances from TRI amounting to RM Nil (2001: RM1,042,000,000) bore interest of 8.50% (2001: 8.50%) per annum. The non-interest bearing advances from TRI are unsecured and have no fixed terms of repayment. During the year, balances owing to TRI amounting to RM1,483,649,322 were capitalised for the issuance of new ordinary shares of RM1 each in the Company as part of the Group’s internal reorganisation discussed in Note 1. During the year, the Company fully repaid the advances from Rego Multi-Trades Sdn. Bhd., a subsidiary of TRI, amounting to RM259,316,000. The provision for foreseeable losses relates to provision made for anticipated losses to be incurred by the Group in respect of its investment in TRI Telecommunication Tanzania Limited (“Tritel”). RM60,876,000 of the provision was utilised during the year to set off against losses incurred as a result of fixed deposits pledged by TRI for Tritel’s borrowings being offset against the Tritel’s outstanding loan balance as disclosed in Note 18. The amounts due to associated companies comprise: GROUP 2002
RM’000

COMPANY 2001 2002
RM’000

2001 RM’000 -

RM’000 28,051 5,602 33,653

Celcom Timur (Sarawak) Sdn. Bhd. Fibrecomm Network (M) Sdn. Bhd.

10,214 3,452 13,666

10,214 10,214

The amounts due to subsidiaries and associated companies are unsecured, interest-free and have no fixed terms of repayment. 21. Share Capital
Number of Ordinary Shares of RM1 Each Amount

2002
RM’000

2001 RM’000 500,000 500,000

2002
RM’000

2001 RM’000 500,000 500,000

Authorised: At 1 January Created during the year At 31 December Issued and fully paid: At 1 January Issued and paid-up during the year, at par At 31 December 500,000 1,483,649 1,983,649 500,000 500,000 500,000 1,483,649 1,983,649 500,000 500,000 500,000 3,500,000 4,000,000 500,000 3,500,000 4,000,000

[ 118 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

22. Reserves GROUP 2002
RM’000

COMPANY 2001 2002
RM’000

2001 RM’000 -

RM’000 2,184 903,707

Non-distributable: Foreign exchange reserve Capital reserves Distributable: Accumulated losses (1,564,937) (556,632) (1,597,868) (691,977) (1,143,841) (1,143,841) (1,057,650) (1,057,650) 2,184 1,006,121 -

The movement in the respective constituents of capital reserves are as follows:
Share premium of TRI RM’000 Difference in paid-up capital RM’000 Other capital reserves RM’000 Total RM’000

At 1 January 2001/ 2002 as previously stated Merger accounting for internal reorganisation At 1 January 2001 / 2002 as restated Issue of shares by TRI Capitalisation of advances from TRI At 31 December,2002

648,712 648,712 357,322 1,006,034

254,908 254,908 1,228,741 (1,483,649) -

87 87 87

87 903,620 903,707 1,586,063 (1,483,649) 1,006,121

As at the end of the previous financial year, the Company’s issued and paid-up share capital was RM500,000,000 while that of TRI was RM1,983,649,322. During the year, and prior to the completion of the Group Restructuring and Internal Reorganisation (see Note 1), the Company issued RM1,483,649,322 ordinary shares of RM1 each upon the capitalisation of an equivalent extent of advances previously received from TRI. In applying the merger method of accounting, comparative figures in the consolidated financial statements are restated as if the internal reorganisation had taken place as at the earliest date presented, i.e. 1 January 2001 / 31 December 2000. However, transactions during the financial year such as the increase in share capital previously reported by the capitalisation of advances, do not affect the amount of share capital previously reported. There arises, therefore, a difference between the amount reported previously as issued and paid-up share capital, and the amount reported as issued and paid-up share capital upon completion of the internal reorganisation. The difference amounted to RM254,908,000 as at 31 December 2001, and increased by a further RM1,228,741,000 upon completion of TRI’s restricted and rights issues (see Note 1) prior to the internal reorganisation. The increase of the Company’s issued and paid-up share capital by RM1,483,649,322 through the capitalisation of advances (see above) was structured to result in parity of the issued and paid-up share capital of the Company and that of TRI, prior to TRI’s capital reduction (see Note 1). TRI’s capital reduction involved the distribution of the enlarged number of shares it held in the Company in satisfaction of the cancellation of its own equivalent number of shares in issue. Upon the execution of the internal reorganisation, therefore, the amounts accumulated for the differences in share capital of RM1,483,649,322 (which represented the increase in the Company’s share capital) was eliminated and reclassified to the Company’s issued and paid-up share capital.

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 119 ]

The share premium of TRI of RM1,006,034,000 has not been utilised, and in the consolidated financial statements, is represented by the Group’s non-distributable capital reserves. The consolidated accumulated losses of the Group include, as a result of the internal reorganisation and the application of merger accounting, the entire consolidated accumulated losses of TRI, inclusive of those of the Company and its subsidiaries, adjusted for the write-off of goodwill in the Company that TRI had previously accounted for. The adjustment arising in consolidated accumulated losses is analysed as follows:
As at 1 January

2002
RM’000

2001 RM’000 (883,389)

TRI reported consolidated accumulated losses Add-back: The Company’s consolidated accumulated losses included therein

(969,911)

285,291 (684,620)

408,099 (475,290) (416,963) (892,253)

Less: Goodwill in the Company previously accounted for by TRI Amount taken to consolidated accumulated losses upon merger accounting (416,963) (1,101,583)

23. Deferred Taxation GROUP 2002
RM’000

COMPANY 2001 2002
RM’000

2001 RM’000 160,518 160,518

RM’000 340,053 15,893 (11,858) 344,088

At 1 January Transfer (to) / from income statement (Note 9) Deconsolidation of a subsidiary (Note 25) At 31 December

344,088 (105,739) 238,349

160,518 (147,444) 13,074

Deferred taxation provided for in the financial statements comprises: Excess of capital allowances over depreciation Unutilised capital allowances Other timing differences 747,980 (509,631) 238,349 981,665 (467,434) (170,143) 344,088 522,705 (509,631) 13,074 793,288 (462,627) (170,143) 160,518

Subject to the agreement of the Inland Revenue Board, as at 31 December 2002, the Group (other than the Company) has unabsorbed losses of RM70,533,000 (2001: RM83,521,000) for which the related tax effects have not been included in the financial statements. The benefits of these tax losses will only be obtained if the relevant subsidiaries derive future assessable income of a nature and amount sufficient for the losses to be utilised. 24. Due to Subsidiaries The amounts due to susidiaries classified as long term liabilities are unsecured, interest-free and are not expected to be repayable within one year.

[ 120 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

25. Subsidiaries a. Details of the subsidiaries are as follows:
Paid-up Name of Subsidiaries Effective Interest (%) 2002 Capital RM Principal Activities

2001 100

Celcom Transmission (M) Sdn. Bhd.

100

25,000,000

Provision of transmission network related services

Alpha Canggih Sdn. Bhd. Celcom Technology (M) Sdn. Bhd.

100 100

100 100

2 2,000,000

Property investment Provision of telecommunications value added services through cellular or other forms of telecommunications network and provision of new internet related services

Celcom Academy Sdn. Bhd.

100

100

3

Provision of training related services

CT Paging Sdn. Bhd. Masterpage Sdn. Bhd. Celcom Trunk Radio (M) Sdn. Bhd. CT Communication Sdn. Bhd. Firent Management Services Sdn. Bhd. Celcom Timur (Sabah) Sdn. Bhd.

100 100 100 100 100 60

100 100 100 100 100 60

500,000 2 10,000 10,000 4 500,000

Inactive Dormant Dormant Dormant Dormant Provision of telecommunications related services

Celcom Cellular Business Sdn. Bhd. ^ Celcom Telecommunications Consulting Sdn. Bhd. ^ Celcom International Sdn. Bhd. ^ Celcom Wireless Data Sdn. Bhd. ^ Celpage Sdn. Bhd. ^ EG Ventures Sdn. Bhd. ^ Celcom Multimedia (Malaysia) Sdn. Bhd.

100

100

2

Dormant

100 100 100 100 100 100

100 100 100 100 100 -

2 2 2 2 2 2

Dormant Dormant Dormant Dormant Dormant Dormant

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 121 ]

Paid-up Name of Subsidiaries Effective Interest (%) 2002 Capital RM

Principal Activities

2001 100

Technology Resources Industries Berhad #

100

1,000

Investment holding and provision of management services

Alpine Resources Sdn. Bhd. # Rego Multi-Trades Sdn. Bhd. #

100 100

100 100

2,500,000 2,000,000

Investment holding Dealing in marketable securities

Malaysian Motorhomes Sdn. Bhd. # Technology Resources Management Services Sdn. Bhd. # Freemantle Holdings (M) Sdn. Bhd. # Technology Resources Manufacturing Sdn. Bhd. # Technology Resources (Capital) Sdn. Bhd. ^ # TR Components Sdn. Bhd. # Aseania Plastics Sdn. Bhd. + Technology Resources (Group) Sdn. Bhd. ^ # Technology Resources (Nominees) Sdn. Bhd. # TR Communications Sdn. Bhd. ^ #

62.4

62.4

718,000

Inactive

100 100

100 100

2 13,504,080~

Inactive Investment holding

99.25

99.25

15,889,154

Inactive

100 100 -

100 100 90

2 2 300,000

Inactive Investment holding Inactive

100

100

2

Dormant

100 100

100 100

2 2

Dormant The company has not commenced operations since its incorporation

TR Cruisers (M) Sdn. Bhd. ^ #

100

100

2

The company has not commenced operations since its incorporation

TR International Wireless Communications Sdn. Bhd. ^ # 100 100 2 Provision of paging and other telecommunications related services. However, the company has not commenced operations since its incorporation

[ 122 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

Paid-up Name of Subsidiaries Effective Interest (%) 2002 Capital RM

Principal Activities

2001 70

TRI Cellular Communications Cambodia Company + Tripoly Communication Technology Corporation Ltd. + TRI Telecommunication Tanzania Limited * (Receivers and Managers appointed on 14 January 2003) TRI Telecommunication Zanzibar Limited +

-

USD3,000,000 (RM11,400,000)ψ

Ceased operations Provision of radio trunking Provision of telecommunications services

-

80

RMB5,787,878 (RM2,662,424)ψ

-

60

Shs2,350,500,000 (RM9,260,970)ψ

-

60

Shs50,000 (RM197)ψ

Provision of telecommunications services

TR International Limited # @

100

100

HK$2 (RM1)ψ

Investment holding Dormant Provision of telecommunications services

Celcom Ventures (Malaysia) Sdn. Bhd. ^ # Sheba Telecom (Pvt.) Ltd. *

100 -

100 86.4

2 Taka327,966,000 (RM21,301,392)ψ

All the subsidiaries are incorporated in Malaysia except for: Name TR International Limited # TRI Telecommunication Tanzania Limited * TRI Telecommunication Zanzibar Limited + Sheba Telecom (Pvt.) Ltd. * TRI Cellular Communications Cambodia Company + Tripoly Communication Technology Corporation Ltd. + * + ^ # ~ ψ @ Country of Incorporation Hong Kong The United Republic of Tanzania The United Republic of Zanzibar The People’s Republic of Bangladesh Kingdom of Cambodia The Peoples’ Republic of China

Transferred to associated companies due to loss of control whilst maintaining significant influence (Note 26) Transferred to other non-current investments due to loss of control and significant influence In the process of being deregistered under Section 308 of the Companies Act 1965 Consolidated by merger method of accounting Comprise of 10,204,080 ordinary shares and 3,300,000 preference shares Translated using closing rate as at 31 December 2002 Audited by firm of auditors other than Arthur Andersen & Co.

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 123 ]

b.

Disposal of a Subsidiary During the previous financial year ended 31 December 2001, the Group completed the disposal of its subsidiary, Celcom Petro Network (M) Sdn. Bhd., for a total cash consideration of RM600,000. The subsidiary was involved in the provision of fibre optic transmission network services. The effect of the disposal on the financial results for the year ended 31 December 2001 of the Group up to the date of disposal was as follows:
1.1.2001 to 17.8.2001 RM’000

Revenue Operating expenses Profit from operations Finance costs, net Profit before taxation Taxation Profit after taxation

15,952 (10,575) 5,377 5,504 10,881 10,881

The summary of the effects of the disposal of the subsidiary on the financial position of the Group was as follows:
17.8.2001 RM’000

Net assets disposed: Property, plant and equipment Receivables Cash and bank balances Payables Hire purchase and finance lease payables Net assets Gain on disposal Total consideration received from disposal Less: Cash and cash equivalents of subsidiary disposed Net cash from disposal of interest in a subsidiary (4,215) (3,615) 85,023 6,916 4,215 (99,897) (424) (4,167) 4,767 600

[ 124 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

c.

Deconsolidation of Subsidiaries The Company owns directly or indirectly through subsidiaries, more than one half of the equity in the following companies, which because of the absence of control, are not subsidiaries:
Paid-up Name of Subsidiaries Effective Interest (%) 2002 Capital RM Principal Activities

Celcom Timur (Sarawak) Sdn. Bhd. (Note i)

60

25,000,000

Telecommunications services

Sheba Telecom (Pvt.) Ltd. (“Sheba”) (Note ii)

86.4

Taka327,966,000 (RM21,301,392)

Provision of telecommunications services

TRI Telecommunication Tanzania Limited (Receivers and Managers appointed on 14 January 2003) (“Tritel”) (Note ii) TRI Telecommunication Zanzibar Limited (Note iii)

60

Shs2,350,500,000 (RM9,260,970)

Provision of telecommunications services

60

Shs50,000 (RM197)

Provision of telecommunications services

Tripoly Communication Technology Corporation Ltd. (Note iii) TRI Cellular Communications Cambodia Company (Note iii) Aseania Plastics Sdn. Bhd. (Note iii)

80

RMB5,787,878 (RM2,662,424)

Provision of radio trunking Ceased operations

70

USD3,000,000 (RM11,400,000)

90

300,000

Inactive

The financial statements of the above companies are not annexed as required by the Companies Act 1965 as the audited financial statements are not available. i. During the previous financial year, the Group reclassified its investment in Celcom Timur (Sarawak) Sdn. Bhd. (“CTS”) to associated companies as the inability to hold meetings of the board of directors following the dispute as disclosed in Note 30, meant that the Company could not exercise control over CTS’s financial and operating policies. ii. During the financial year, the Group ceased to exercise control over the financial and operating policies of Tritel and Sheba. The Group’s current management and board of directors are not represented on the board of directors of these companies and board meetings could not be held despite requests made by the Group. The disputes with the minority shareholders of these companies as set out in Note 30 further inhibit the Company’s ability to exercise control. Although the Group continues to exert significant influence over the operations of these companies through the appointment of key management personnel, due to the pending disputes, the Group’s exercise of management control has not been effective. Accordingly, these companies have been reclassified to investment in associated companies and their results with effect from 1 January 2002 have been accounted for by the equity method of accounting. The Group had fully written off its investment in, advances to and goodwill relating to Tritel and made provision for foreseeable losses in respect of fixed deposits pledged as securities and corporate guarantee by TRI for term loans granted to Tritel during the financial year ended 31 December 2001.

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 125 ]

iii. During the financial year, these companies which were previously treated as subsidiaries of the Group have been deconsolidated as the Group no longer has any control or influence over their operations. These companies are treated as other non-current investments and the Group has fully provided against the investments. The impact of the above deconsolidation on the Group’s financial position is as follows: 2002
RM’000

2001 RM’000 96,351 87,275 8 2,500 (3,017) (69,234) (8,548) (434) (11,858) 93,043 (55,826) (37,217) 509 509

Net assets deconsolidated: Property, plant and equipment Non-current investments Inventories Receivables Cash and bank balances Deposits with licensed banks Bank overdrafts Borrowings Payables Taxation Deferred taxation Minority interests Net assets Less: Investment in associated companies Minority interests Net gain on deconsolidation Cash and cash equivalents of subsidiaries deconsolidated Net cash from deconsolidation (15,335) (2,412) (13,497) (13,497) 159,463 51 8,663 44,426 17,953 (4,456) (114,226) (90,527) (3,510) (90) 17,747

d.

Acquisition of a Subsidiary The Company acquired the entire issued and paid-up share capital of Celcom Multimedia (Malaysia) Sdn. Bhd. comprising two ordinary shares of RM1 each at par for a cash consideration of RM2. The acquistion has no effect on the Group’s and the Company’s results.

[ 126 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

26. Associated Companies The associated companies are:
Paid-up Name of Associated Companies Effective Interest (%) 2002 Capital RM Principal Activities

2001 60

Celcom Timur (Sarawak) Sdn. Bhd.

60

25,000,000

Telecommunications services

Sheba Telecom (Pvt.) Ltd. ^

86.4

-*

Taka327,966,000 (RM21,301,392)

Provision of telecommunications services

TRI Telecommunication Tanzania Limited @ (Receivers and Managers appointed on 14 January 2003) Mobile Telecommunications Company of Esfahan # (J.V. - P.J.S)

60

-*

Shs2,350,500,000 (RM9,260,970)

Provision of telecommunications services

49

- Rial1,000,000,000 (RM480,000)

Planning, designing, installing, operating and maintaining a GSM cellular telecommunication network to customers in the province of Esfahan, Iran

Fibrecomm Network (M) Sdn. Bhd.

41

41

75,000,000

Provision of fibre optic transmission network services

* ^ @ #

These companies were accounted for as subsidiaries in the prior year Incorporated in The People’s Republic of Bangladesh Incorporated in The United Republic of Tanzania Incorporated in The Islamic Republic of Iran

On 18 March 1999, the Board of Directors of Sheba Telecom (Pvt.) Ltd. (“Sheba”) approved the increase of the company’s paid-up share capital from Taka40,204,000 to Taka327,966,000 via capitalisation of advances made by TRI. Based on this increase in share capital, TRI’s equity interest in Sheba stands at 86.4%. However, capitalisation of the intercompany advances was disputed by the minority shareholders of Sheba and Sheba has yet to lodge a notification of the increase in shareholding with the Registrar of Joint Stock Companies. The outcome of the dispute with Sheba’s minority shareholders is pending the result of the arbitration proceedings described in Note 30. 27. Prior Year Adjustment During the financial year, the Company discovered that documentation relating to the purported purchase of RM259,315,000 of plant and equipment in prior years had been falsified. These items were carried at a net book value of RM210,994,000 as at 31 December 2001. In accordance with MASB Standard 3: Net Profit of Loss for the Period, Fundamental Errors and Changes in Accounting Policies, the correction of the fundamental error was adjusted for retrospectively to the year of occurrence. The effect of the prior year adjustment on the financial statements for the year ended 31 December 2001 of the Group and of the Company are as disclosed in Note 34.

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 127 ]

28. Commitments Outstanding commitments in respect of capital expenditure at balance sheet date not provided for in the financial statament are as follows: GROUP 2002
RM’000

COMPANY 2001 2002
RM’000

2001 RM’000

RM’000

Capital expenditure for property, plant and equipment: Approved and contracted for Approved but not contracted for 106,258 164,609 270,867 Commitments under non-cancellable operating leases falling due as follows: Within one year Between one and two years Between two and five years 9,907 6,608 4,104 20,619 12,697 9,907 10,511 33,115 9,907 6,608 4,104 20,619 12,697 9,907 10,511 33,115 167,427 153,512 320,939 86,887 147,527 234,414 137,929 133,205 271,134

29. Segmental Information Segmental information is not presented as there are no material segments other than that for the provision of telecommunications services and the Group’s operations are conducted predominantly in Malaysia. 30. Contingent Liabilities a. On 10 March 2000, Celcom Timur (Sarawak) Sdn. Bhd. (“CTS”) served a writ of summons on the Company in respect of the lease of fibre optic links for RM102,616,991, with interest accruing thereon. The Company disputed the amount claimed on the basis that CTS used an incorrect method of calculation to determine the amount owing. The Company entered defence against the suit, and applied to strike out the suit for want of authority. A Summary Judgement was passed by the Kuching High Court on 23 February 2001 in favour of CTS for RM90,586,727. The Company is appealing against this Summary Judgement and the date for the appeal has yet to be set by the Court of Appeal. The trial of the disputed balance of the claim amounting to RM12,030,264 will only be heard only after the hearing of the above Summary Judgement appeal. The outcome of the legal action and hence any amount payable to CTS cannot be ascertained at this juncture pending hearing on a date to be fixed by the Court. No provision has been made for the disputed claims as the directors are of the opinion that the likelihood of crystallisation of the additional claim is remote. b. The Company filed a petition against Sarawak Electricity Supply Corporation (“Sesco”) (and other persons connected with Sesco) under Section 181 of the Companies Act 1965 and on 25 May 2001, also sought an interim injunction to restrain CTS from proceeding with a winding-up petition against the Company. On 1 August 2001, CTS gave notice to the Company of its intention to sell the Company’s shares in CTS in the event the Company failed to make payment of the Summary Judgement referred to in (a) above. On 14 August 2001, the Company succesfully obtained an interim injunction restraining CTS from selling the Company’s shares pending disposal of the inter partes injunction application. This matter is now fixed for final mention on 25 March 2003. The directors, based on legal opinion received, are of the view that the Company has a reasonable chance of succeeding in this matter.

[ 128 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

c.

On 3 August 2001, Sesco, joint venture partner of the Company in CTS, filed at the Kuching High Court by way of Writ of Summons to seek a declaration that the Joint Venture Agreement (“JVA”) dated 5 May 1994 should be terminated as the Company had purportedly breached certain conditions stipulated under the JVA. The Company’s application for stay of proceedings and for the dispute to be referred to arbitration was dismissed by the High Court whereupon the Company filed an appeal to the Court of Appeal together with an application in the High Court for an interim stay pending appeal. On 25 July 2002, the Court of Appeal heard and dismissed the arbitration stay appeal. Accordingly, on 13 August 2002, the Judge dismissed the appeal for interim stay. On 13 September 2001, Sesco filed an application for “disposal of case on point of law” under Order 14A of the Rules of the High Court 1980 (“Order 14A”) and to enter judgement on its claim. The Order 14A hearing has been fixed on 30 April 2003. The directors, based on legal opinion received, are of the view that since the interim stay has been refused on the grounds that there are no disputes to be referred to arbitration, Sesco has a good chance in its application for a judgement under Order 14A. If Sesco succeeds in the Order 14A hearing, the Court would order the Company to transfer its CTS shares to Sesco at a price to be determined by an independent auditor. The Company may suffer a loss in the event this price values the interest in CTS at below the Company’s carrying value of its investment in CTS of RM48,399,000. The parties are currently in discussions with each other towards a global out-of-court settlement of this dispute together with the matters discussed in (a) and (b) above. The directors are optimistic that such a settlement can be reached and that the value to be realised under the settlement will at least equal to the Group’s carrying value of its investment in CTS.

d.

The Company and Inmiss Communications Sdn. Bhd. (“Inmiss”) entered into a Service Provider Agreement (”the Agreement”) on 30 May 1997. On 11 June 2002, the Company received a notice of demand from the Inmiss’s solicitors pursuant to Section 218 (1) of the Companies Act 1965 demanding from the Company a sum of RM17,702,020 being payment for invoices issued by Inmiss pursuant to the Agreement, failing which a winding up proceedings would be initiated. The payment was not made by the Company on the grounds of, inter alia, suspected fraud calls being transacted. The Company proceeded to file an application with the Kuala Lumpur High Court (“the Court”) to prevent Inmiss from filing a winding-up petition against the Company. The Company also sought the Court’s direction on the following issues: (i) whether the parties are contractually bound by the Agreement to resolve all disputes through arbitration and (ii) a declaration that the Company is not a judgement debtor for the sum of RM17,702,020 within the meaning of Section 217 of the Companies Act 1965. On 15 November 2002, the application was dismissed by the Court with cost. The solicitors for the Company filed a notice of appeal to the Court of Appeal on 28 November 2002 against this decision. On 30 December 2002, the Company was served with a winding-up petition which is fixed for hearing on 11 June 2003. The solicitors of the Company filed an interim injunction on 24 December 2002 to prevent Inmiss from taking any further steps in the winding-up petition pending full disposal of this appeal. At the hearing of this application on 31 December 2002, the parties were directed to file written submissions and the matter is fixed for decision on 7 March 2003. The Company was granted a holding-over injunction in the interim. The directors are of the opinion that the provision already made in the financial statements within payables is adequate to cover potential liabilities in respect of this claim.

e.

By a letter dated 16 August 2002, Malaysian Airlines System Berhad (“MAS”) has demanded for a total sum of RM16,382,753 from TRI with regard to a project account. The Group is in discussion with MAS to reach an amicable settlement on this issue which is not expected to have a material impact on the financial statements.

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 129 ]

f.

By a Joint Venture Agreement dated 13 September 1993 (“the JVA”), TRI and VIP Engineering and Marketing Limited (“VIPEM”) agreed to establish TRI Telecommunications Tanzania Limited (“Tritel”) as a joint venture company, to provide telecommunications services in Tanzania. The shareholding structure was 60% TRI and 40% VIPEM. On 10 December 2001, VIPEM filed a suit against TRI claiming, inter alia, USD18,628,000 as its share of loss of profits for mismanagement of Tritel. VIPEM asked for an order to be made on an ex-parte basis. Tritel and TRI’s lawyers asserted that the Court has no jurisdiction to entertain the Chamber Application because of the arbitration clause in the JVA and applied for a stay of proceedings. The Court declined to grant the ex-parte order and TRI filed petition to stay the proceedings. The petition has yet to be heard. The directors, based on legal opinion received, are of the view that there is a good chance that the stay would be successful. On the allegations of mismanagement, TRI’s solicitors have indicated that unless more evidence can be produced, the allegations are rhetorical and unsubstantiated. Hence, no provision has been made in the financial statements for the claim made by VIPEM.

g.

TRI and Integrated Services Limited (“ISL”) entered into a Joint Venture Agreement dated 21 January 1995 on the establishment of Sheba Telecom (Pvt.) Ltd. (“Sheba”) as the joint venture company in The People’s Republic of Bangladesh. ISL and TRI initially held 51% and 49% of Sheba’s equity respectively. On 10 June 1997, the parties agreed to amend the equity holding of TRI and ISL in Sheba to 51% and 49% respectively. On 18 March 1999, Sheba’s Board of Directors resolved to increase the issued and paid-up capital of Sheba by way of capitalisation of advances made by TRI to Sheba, thereby increasing TRI’s share of the equity to 86.4%. In or about April 2000, ISL commenced a suit in the Supreme Court of Bangladesh against Sheba, TRI, the directors of Sheba and the Registrar of Joint Stock Companies for, inter alia, alleged misconduct and mismanagement on the part of the directors (“the Suit”). One of the allegations made by ISL in this claim was that the resolution passed to increase TRI’s share of equity to 86.4% was invalid. On 19 November 2001, TRI successfully obtained an order staying the proceedings of the Suit and for the matter to be referred to arbitration proceedings (“the Arbitration”). TRI then commenced the Arbitration in Singapore to seek declarations refuting certain allegations made by ISL in the Suit. ISL also made a counterclaim in the Arbitration, alleging, inter alia, breaches of the terms of the JVA and other alleged irregularities in the management and operations of Sheba and is seeking, inter alia an order that TRI pays to ISL: i. ii. a sum of USD179,281,515 being alleged net loss of potential earnings of Sheba; a sum of USD36,150,094 being the alleged net loss of opportunity to enter into and implement another agreement with the Bangladesh Telegraph and Telephone Board; and iii. a sum of USD2,550,000 which TRI allegedly agreed to pay to ISL as marketing consulting fee. The parties are pursuing discussions for an amicable solution and hearing of the Arbitration which was initially scheduled to commence on 10 February 2003 has been postponed to 4 August 2003. The directors, based on legal opinion received, are of the view that the Arbitration is likely to be decided in TRI’s favour. As such, no provision has been made for the amounts claimed by ISL. The carrying value of the Group’s investment in and advances to Sheba were also not adjusted to reflect the potential exposure in the event of an unfavourable outcome to the Arbitration. Apart from the above, the directors are not aware of any other proceedings pending against the Company and / or its subsidiaries or of any facts likely to give rise to proceedings which might materially affect the financial statements for the year ended 31 December 2002.

[ 130 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

31. Significant Related Party Transactions Existing related parties As at 31 December 2002, the following companies fall within the definition of related parties as set out in MASB Standard 8: Related Parties: Company Fibrecomm Network (M) Sdn. Bhd. (“Fibrecomm”) Celcom Timur (Sarawak) Sdn. Bhd. (“CTS”) Mobile Telecommunications Company of Esfahan (J.V. - P.J.S) (“MTCE”) Telekom Malaysia Berhad (“TMB”) + TM Cellular Sdn. Bhd. (“TMC”) + Fiberail Sdn. Bhd. (“Fiberail”) + Mobikom Sdn. Bhd. (“Mobikom”) + Technicus Consultancy Sdn. Bhd. (“Technicus”) Major shareholder of the Company from May 2002 Subsidiary of TMB Subsidiary of TMB Subsidiary of TMB Fellow subsidiary of a major shareholder, DeTeAsia Holding GmbH Former related parties In addition to the existing related parties above, the Group has entered into transactions during the financial year with the following companies which although were no longer related at 31 December 2002, did fall within the definition of related parties for part of the current and throughout the previous financial years: Company Edaran Digital Systems Berhad (“EDSB”) ^ Relationship A company in which former directors, Tan Sri Dato’ Tajudin bin Ramli and Bistamam bin Ramli have indirect interest Edaran Komputer Sdn. Bhd. (“EKSB”) ^ Elitemac Resources Sdn. Bhd. (“ERSB”) ^ Edaran Communications Sdn. Bhd. (“ECSB”) ^ Advanced Communication Solutions Sdn. Bhd. (“ACSSB”) ^ Naluri Berhad (“Naluri”) ^ Technology Resources Properties Sdn. Bhd. (“TRP”) ^ Malaysian Airline System Berhad (“MAS”) # A company in which a former director, Tan Sri Dato’ Tajudin bin Ramli had interest Subsidiary of Naluri A company in which a former director, Tan Sri Dato’ Tajudin bin Ramli had interest up till February 2001 + ^ # Transactions for the financial year 2002 were only from May 2002 Transactions for the financial year 2002 were only up to June 2002 Transactions for the financial year 2001 were only up to February 2001 Subsidiary of EDSB Subsidiary of EDSB Subsidiary of ERSB Associated company of ERSB Relationship Associated company of the Company Associated company of the Company Associated company of the Company

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 131 ]

In addition to related party disclosures elsewhere in the financial statements, set out below are the other significant related party transactions undertaken by the Group and the Company with its related parties during the financial year: GROUP 2002
RM’000

COMPANY 2001 2002
RM’000

2001 RM’000 * * * 2,137 483

RM’000 * * * 2,137 483

Sale of telecommunication services Fibrecomm TMB TMC Mobikom ECSB MAS Purchase of telecommunication services CTS Fibrecomm TMB TMC Mobikom Fiberail Other sales Plant and equipment sold to Naluri Consultancy fees charged to MTCE Other purchases / expenses Interest payable to Naluri Rental of premises from TRP Technical services provided by Technicus Supply of equipment and engineering services by ECSB Equipment upgrade and enhancement services from ACSSB Purchases of batteries from ERSB Rental of premises from MAS Transportation services by MAS * not related parties during the respective financial year Transactions entered into prior to a company becoming a related party and after a company ceases to be a related party are excluded from the above disclosure. In the opinion of the directors, the above transactions entered into with the existing related parties have been entered into in the ordinary course of business under terms not materially different from those offered to third parties. The transactions with former related parties were entered into on a negotiated basis. 5,400 144 * * 860 481 745 54 5,400 96 * * 860 304 745 54 49,791 14,617 11,412 9,707 79 4,927 16,185 692 9,455 12,275 79 4,927 16,185 692 9,044 12,275 1,219 4,906 1,219 4,906 5,169 11,075 55,211 23,050 530 683 3,698 13,044 * * * * 3,144 6,481 52,969 23,050 530 683 * * * * 1,159 98,666 19,027 1,146 * 1,159 98,666 18,978 *

[ 132 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

As at 31 December 2002, the net amounts due from / (to) related parties included in receivables and / or payables are as follows: GROUP 2002
RM’000

COMPANY 2001 2002
RM’000

2001 RM’000 ^ ^ ^ (75) (5,979) (35) (3,756)

RM’000 ^ ^ ^ (75) (14,448) (35) (3,756)

Fibrecomm TMB TMC Mobikom Naluri ECSB TRP Technicus ^ not related as at 31 December 2001 32. Other Significant Events During the financial year: a.

153 7,773 (2,917) 6,041 1,219 (10,427) (131) (4,712)

153 7,035 (3,091) 3,675 1,219 (10,427) (131) (4,712)

TRI entered into various agreements with Digi Telecommunications Sdn Bhd to, interalia, explore network and infrastructure integration. The agreements were subsequently dissolved.

b.

The Group implemented a manpower rationalisation plan (“MRP”) as part of its reinvention and revitalisation programme. The cost of the MRP to the Group and to the Company amounted to RM92,073,000 and RM84,884,000 respectively.

c.

The Company discovered that documentation relating to the purported purchase of RM259,315,000 of plant and equipment in prior years had been falsified. The effect to the results and financial position of the Group and the Company is disclosed in Note 34.

d.

On 17 October 2002, TRI filed summons against three of its former directors namely Tan Sri Dato’ Tajudin bin Ramli, Bistamam bin Ramli and Dato’ Lim Kheng Yew to recover a total sum of RM55,826,169 paid to the former directors as compensation for loss of office and incentive payments and the return of two luxury vehicles which were transferred to two of the former directors. On 4 December 2002, Dato’ Lim Kheng Yew served his defence and counter-claim on TRI. Subsequently, on 24 December 2002, TRI filed an application for Summary Judgement in respect of that part of its claim seeking recovery of a sum of RM11,053,438 paid to the former directors on 4 June 2002 as alleged incentive payments. The Summary Judgement application is fixed for hearing on 10 April 2003. TRI’s solicitors are of the view that there is a good chance of recovering the payment and the two luxury vehicles and Dato’ Lim Kheng Yew’s counter-claim merely consists of a claim for quantum meruit, in the event TRI is successful in setting aside all the payments made to him. However, the expected recoveries have not been included in the financial statements.

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 133 ]

e.

The Company entered into a conditional sale and purchase agreement with its major shareholder, Telekom Malaysia Berhad (“TMB”) for the proposed acquisition of TMB’s existing 100% equity interest in TM Cellular Sdn. Bhd. comprising 1,565,000,000 ordinary shares of RM1 each for a total purchase consideration of RM1,684,000,000 to be satisfied by the issuance of 635,471,698 new ordinary shares of RM1 each in the Company at an issue price of RM2.65 per share. The proposed acquisition is subject to approval by the shareholders and lenders of the Company and TMB as well as the relevant authorities. The Company has subsequently obtained approvals from its lenders, the Securities Commission and the Foreign Investment Committee. As disclosed in Note 33(c), subsequent to the year-end, the Company received a notice from DeTeAsia Holding GmbH relating to the proposed acquisition.

f.

The Company announced to the Kuala Lumpur Stock Exchange that TRI had entered into a Joint Venture Agreement (“JVA”) with the Telecommunication Company of Esfahan (“TCE”) for the purpose of setting up a joint venture in Iran under the name of Mobile Telecommunications Company of Esfahan (J.V. - P.J.S) (“MTCE”) to carry on the business of planning, designing, installing, operating and maintaining a GSM cellular telecommunications network to customers in the province of Esfahan, Iran. Pursuant to the JVA dated 10 December 1997, TCE and TRI shall hold equity interest of 51% and 49% of MTCE respectively. A Supplementary Agreement dated 14 July 1998 was executed between TRI and TCE with Iran Telecom Industries (“ITI”) (“Supplementary Agreement”). The purpose of the Supplementary Agreement was to transfer 2% of the shares of TCE in MTCE to ITI. As a result of the Supplementary Agreement, the shareholding structure of MTCE was changed to TCE – 49%, TRI – 49% and ITI – 2%. MTCE was incorporated on 6 April 1998 with authorised and paid-up share capital of Rials1,000,000,000. MTCE was granted a license to install, operate and maintain a GSM telecommunication network in Esfahan, Iran on 23 May 2001. The said license has a validity period of 15 years and will expire on 22 May 2014 with the option for renewal.

33. Significant Events Subsequent to the Balance Sheet Date Subsequent to the balance sheet date: a. TRI Telecommunication Tanzania Limited (“Tritel”) received a letter from Tanzania Communications Commission informing Tritel on the cancellation of its GSM telecommunication license effective 31 January 2003. Thereafter, Tritel could no longer operate its telecommunication business. b. On 14 January 2003, Tritel was served notice for the appointment of receivers and managers by a secured creditor. c. The Company received a notice from DeTeAsia Holding GmbH (“DeTeAsia”), issued pursuant to the Amended and Restated Supplemental Agreement dated 4 April 2002 between TRI, DeTeAsia, the Company and TR International Limited (“the Agreement”), requesting that a committee, consisting of a senior executive of the Company representing the Company and a senior executive of DeTeAsia (“the Committee”), be convened for the purpose of resolving differences between the parties in good faith. The differences arose as a result of different views, held by the Company and DeTeAsia whether the Company is obligated by the Agreement to obtain DeTeAsia’s prior consent to enter into the Sale and Purchase Agreement with Telekom Malaysia Berhad as described in Note 32(e) above. On 17 February 2003, the Company received notification from DeTeAsia claiming that the negotiations held by the Committee on 13 February 2003 failed to resolve the differences.

[ 134 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

34. Comparatives Comparatives are not disclosed for certain information relating to financial instruments as permitted by MASB Standard 24: Financial Instruments: Disclosure and Presentation, upon first application. The comparative figures in the consolidated financial statements have been adjusted to reflect the merger accounting for TRI and prior year adjustment as described in Note 2(a) and Note 27 respectively and reclassified to conform with the current year’s presentation. A summary of the adjustments made are as follows: a. Consolidated income statement for year ended 31 December 2001
Effect of merger As previously stated RM’000 accounting for internal reorganisation RM’000 Prior year adjustment RM’000 As restated RM’000

Revenue Other income Operating expenses Depreciation Profit /(loss) from operations Finance costs, net Share of loss of associated companies Profit / (loss) before taxation Taxation Profit / (loss) after taxation Minority interests Net profit / (loss) for the year attributable to shareholders

2,483,011 19,612 (1,430,711) (695,394) 376,518 (221,612) (16,205) 138,701 (15,893) 122,808 -

75,754 12,470 (189,108) (19,580) (120,464) (86,309) (206,773) (6,936) (213,709) 4,379

24,322 24,322 24,322 24,322 -

2,558,765 32,082 (1,619,819) (690,652) 280,376 (307,921) (16,205) (43,750) (22,829) (66,579) 4,379

122,808

(209,330)

24,322

(62,200)

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 135 ]

b.

Consolidated balance sheet as at 31 December 2001
Effect of merger As previously stated RM’000 accounting for internal reorganisation RM’000 Prior year adjustment RM’000 As restated RM’000

Non-Current Assets Property, plant and equipment Investments Goodwill on consolidation 4,254,823 73,838 4,328,661 Current Assets Inventories Receivables Marketable securities Cash and bank balances 17,427 299,548 231,821 548,796 Current Liabilities Short term borrowings Payables Taxation 484,345 2,682,185 37,138 3,203,668 Net Current Liabilities (2,654,872) 1,673,789 Financed by: Share capital Reserves Shareholders’ equity Minority interests 500,000 (285,204) 214,796 214,796 Long term borrowings Deferred taxation Non-current liabilities 1,114,905 344,088 1,458,993 1,673,789 (195,779) (195,779) 2,502 (193,277) 74,351 74,351 (118,926) (210,994) (210,994) (210,994) (210,994) 500,000 (691,977) (191,977) 2,502 (189,475) 1,189,256 344,088 1,533,344 1,343,869 2,173,352 (1,700,644) 25,962 498,670 (272,955) (118,926) (210,994) 2,657,697 981,541 63,100 3,702,338 (2,927,827) 1,343,869 8,660 68,610 2,868 145,577 225,715 26,087 368,158 2,868 377,398 774,511 148,654 241 5,134 154,029 (210,994) (210,994) 4,192,483 74,079 5,134 4,271,696

[ 136 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

35. Financial Instruments a. Financial Risk Management Objectives and Policies The Group’s financial risk management policy seeks to ensure that adequate financial resources are available for the development of the Group’s businesses whilst managing its interest rate, foreign exchange, liquidity and credit risks. The Group operates within clearly defined guidelines that are approved by the Board and the Group’s policy is not to engage in speculative transactions. b. Interest Rate Risk The Group’s primary interest rate risk relates to interest-bearing debt, as the Group had no substantial long-term interest-bearing assets as at 31 December 2002. The investment in financial assets are mainly short term in nature and they are not held for speculative purposes but have been mostly placed in fixed deposits or occasionally, in short term commercial papers which yield better returns than cash at bank. The Group manages its interest rate exposure by maintaining a prudent mix of fixed and floating rate borrowings. The Group actively reviews its debt portfolio, taking into account the investment holding period and nature of its assets. This strategy allows it to capitalise on cheaper funding in a low interest rate environment and achieve a certain level of protection against rate hikes. The information on maturity dates and effective interest rates of financial assets and liabilities are disclosed in their respective notes. c. Foreign Exchange Risk The objectives of the Group’s foreign exchange policies are to allow the Group to manage exposures that arise from trading activities effectively within a framework of controls that does not expose the Group to unnecessary foreign exchange risks. Functional currencies in foreign subsidiaries and associated companies differ from RM, mainly United States Dollar, Chinese Renminbi, Tanzanian Shilling, Bangladeshi Taka and Iranian Rials, giving rise to conversion exposure. Foreign currency denominated assets and liabilities together with expected cash flows from highly probable purchases and sales give rise to foreign exchange exposures. The Group maintains a natural hedge, whenever possible, by borrowing in the currency of the country in which the property or investment is located. Foreign exchange exposures in transactional currencies other than functional currencies of the operating entities are kept to an acceptable level. Material transaction foreign exchange exposures are hedged, mainly with derivative financial instruments such as forward foreign exchange contracts and through natural hedging by having multi currency bank accounts. This condition is however that a well functioning capital market is in place for the relevant currency of the debt. Included in trade payables and receivables as at 31 December 2002, are the following net amounts denominated in currencies other than RM:
Net receivable / (payable) Currency RM’000

USD SDR

21,594 (17,224)

Celcom (Malaysia) Berhad

(167469-A)

Incorporated in Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 137 ]

d.

Liquidity Risk The Group actively manages its debt maturity profile, operating cash flows and the availability of funding so as to ensure that all refinancing, repayment and funding needs are met. As part of its overall prudent liquidity management, the Group maintains sufficient levels of cash or cash convertible investments to meet its working capital requirements. In addition, the Group strives to maintain available banking facilities of a reasonable level to its overall debt position. As far as possible, the Group raises committed funding from both capital markets and financial institutions and prudently balances its portfolio with some short term funding so as to achieve overall cost effectiveness. The Group also manages its liquidity by planning ahead its cash requirements on a weekly basis and by having designated bank accounts to set funds aside for meeting future debt obligations.

e.

Credit Risk Credit risks, or the risk of counterparties defaulting, is controlled by the application of credit approvals, limits and monitoring procedures. Trade receivables are monitored on an ongoing basis via Group credit management and management reporting procedures. The Group is exposed to credit risk related to losses in the event of non-performance by third parties to other financial instruments but it does not expect any third parties to fail to meet their oligations given the Group’s policy of selecting only third parties with high credit ratings. The exposure limit for each counterpart is set according to the creditworthiness of that party. The Group does not have any significant unprovided exposure to any individual customer or counterparty nor does it have any major concentration of credit risk related to any financial instruments. The majority of its deposits are placed with creditworthy Malaysian financial institutions. Procedures established to monitor the liquidity flows of the Group’s credit facilities and are meant to ensure that the credit risk is kept low.

f.

Fair Values The fair value of the Group’s Al-Bai Bithaman Ajil Bond, based on their quoted market prices of those securities as at 31 December 2002 are as follows:
Book value Group and Company RM’000 Fair value RM’000

Al-Bai Bithaman Ajil Bonds

1,100,000

1,192,820

It is not practicable to determine the fair values of: i. balances due from subsidiaries and associated companies principally due to a lack of fixed repayment terms; and ii. unquoted investments because of the lack of quoted market prices.

The fair values of all other financial assets and liabilities of the Group as at 31 December 2002 are not materially different from their carrying values.

[ 138 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

PROPERTIES HELD BY THE GROUP

No.

Location, Mukim, District, State Selangor

Title No.

Land Area (sqm)

Building Area (sqm)

Nature of Property (Tenure Period)

Age of Building (Years)

Date of Valuation

1

Seksyen 13, Jln Kemajuan Petaling Jaya

Pajakan Negeri 6497 Lot No. 74

4,383.1

10,410.03

Leasehold (99 years expiring on 06/09/2065)

5

12/12/2002

Wilayah Persekutuan 2 Lorong Enau, Jln Ampang Kuala Lumpur Bandar Sri Manjalara Mukim Batu, Kuala Lumpur Grant 4311 Lot No. 61 Sek 88 H.S (D) 51590 P.T. No. 44651 3,763 2,509.57 Freehold 69 19/12/2002

3

4,451.396

3,041.06

Leasehold (99 years expiring on 25/08/2077)

-

02/12/2002

4

Bandar Sri Manjalara Mukim Batu, Kuala Lumpur

H.S (D) 51589 P.T. No. 44650

3,480.22

-

Leasehold (99 years expiring on 25/08/2077)

-

02/12/2002

Negeri Sembilan 5 Sri Senawang Light Industries Centre, Mukim Rantau Seremban Johor 6 3 Jln Kempas 4 Perindustrian Tampoi Indah, Mukim Tebrau Johor Bahru District H.S (D) 157930 P.T.D. No. 40002 812.9016 434.59 Freehold (Grant In-Perpetuity) 14 28/11/2002 H.S (D) 71945 P.T. No. 2125 2,603 536.2 Freehold (Grant In-Perpetuity) 19/12/2002

7

No. 36 Jln Perdagangan 12 Taman Universiti Skudai Industrial Area Mukim Pulai Johor Bahru District No. 38 Jln Perdagangan 12 Taman Universiti Skudai Industrial Area Mukim Pulai Johor Bahru District No. 40 Jln Perdagangan 12 Taman Universiti Skudai Mukim Pulai Johor Bahru District No. 42 Jln Perdagangan 12 Taman Universiti Skudai Mukim Pulai Johor Bahru District Kedah

H.S (D) 160545 P.T.D. No. 44843

557.4182

-

Freehold (Grant In-Perpetuity)

12

26/11/2002

8

H.S (D) 160546 P.T.D. No. 44844

1202.1653

-

Freehold (Grant In-Perpetuity)

12

26/11/2002

9

H.S (D) 160543 P.T.D. No. 44841

557.4182

338.89

Freehold (Grant In-Perpetuity)

12

26/11/2002

10

H.S (D) 160544 P.T.D. No. 44842

557.4182

338.89

Freehold (Grant In-Perpetuity)

12

26/11/2002

11

Jalan Alor Setar, Anak Bukit Mukim Alor Merah Kota Setar District Jalan Alor Setar, Anak Bukit Mukim Alor Merah Kota Setar District

G.M. 1280 Lot 729

959.11

-

Freehold (Grant In-Perpetuity)

-

03/12/2002

12

G.M. No. 824 Lot No. 1687

1,185.60

-

Freehold (Grant In-Perpetuity)

-

03/12/2002

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 139 ]

Description

Current Usage

Registered Owner

Land (RM)

Building (RM)

Total Net Book Value (RM) (RM)

6-Storey Building

Office

Alpha Canggih Sdn Bhd

8,100,000.00

30,500,000.00

38,600,000.00

48,291,210.00

6 Units of Double Storey Building Vacant Land with Tower and Cabin

Residential

Roxy Electric Industries (M) Bhd Alpha Canggih Sdn Bhd

7,598,000.00

1,402,000.00

9,000,000.00

297,054.00

4-Storey Building and Mobile Telephone Exchange Site 4-Storey Building and Mobile Telephone Exchange Site

3,833,186.00

6,546,800.00

10,379,986.00

11,485,950.00

Vacant Land with Tower and Cabin

Alpha Canggih Sdn Bhd

2,622,276.00

0.00

2,622,276.00

11,485,950.00

Vacant Land with Tower and Cabin

Mobile Telephone Exchange Site

Alpha Canggih Sdn Bhd

384,000.00

326,000.00

710,000.00

1,459,830.00

2-Storey Building

Mobile Telephone Exchange and Radio Base Station Site Mobile Telephone Exchange Site

Alpha Canggih Sdn Bhd

315,000.00

275,000.00

590,000.00

2,030,040.84

2-Storey Building

Alpha Canggih Sdn Bhd

210,000.00

255,000.00

465,000.00

4,417,918.08

2-Storey Building

Mobile Telephone Exchange Site

Alpha Canggih Sdn Bhd

350,000.00

250,000.00

600,000.00

4,417,918.08

1 1/2-Storey Semi Detached Factory

Mobile Telephone Exchange Site

Alpha Canggih Sdn Bhd

210,000.00

240,000.00

450,000.00

1,199,915.83

1 1/2-Storey Semi Detached Factory

Mobile Telephone Exchange Site

Alpha Canggih Sdn Bhd

210,000.00

240,000.00

450,000.00

1,199,915.83

Vacant Land

Office Site

Alpha Canggih Sdn Bhd

350,000.00

-

350,000.00

667,925.00

Vacant Land

Office Site

Alpha Canggih Sdn Bhd

375,000.00

-

375,000.00

667,925.00

[ 140 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

No.

Location, Mukim, District, State Perak

Title No.

Land Area (sqm)

Building Area (sqm)

Nature of Property (Tenure Period)

Age of Building (Years)

Date of Valuation

13

No. 3, Persiaran Jelapang Maju 7, Kaw. Perindustrian Ringan Jelapang Maju, Ipoh Mukim Hulu Kinta No. 1, Persiaran Jelapang Maju 7, Kaw. Perindustrian Ringan Jelapang Maju, Ipoh Mukim Hulu Kinta Bukit Kelian, Mukim Selama Selama District Kelantan

Pajakan Negeri No. 138912 Lot No. 205005

334

184.8

Leasehold (99 years expiring on 29/03/2092)

10

17/12/2002

14

Pajakan Negeri No. 138911 Lot No. 205004

701

184.8

Leasehold (99 years expiring on 29/03/2092)

10

17/12/2002

15

H.S (D) 15201 P.T. No. 2971

768.9026

-

Leasehold (90 years expiring on 27/11/2099)

-

16/12/2002

16

Bandar Jeli, Mukim Jeli Tepi Sungai, Jeli District Pahang

H.S (D) 1/97 P.T. No 4336

929

-

Leasehold (30 years expiring on 04/01/2027)

-

18/12/2002

17

Bukit Kumbang Kg Kuala Krau Mukim Jenderak Temerloh District Bukit Ridan, Muadzam Shah Mukim Keratong Rompin District Bukit Bius, Mukim Kuala Lipis Lipis District Wisma Celcom, Section 1 Bandar Indera Mahkota Industrial Zone Mukim Kuala Kuantan Kuantan District Bukit Sembilan Baru Bukit Ibam, Mukim Keratong Mukim Keratong Rompin District Bandar Jengka Mukim Chenor Bukit Peninjau Bukit Bukit Fraser Mukim Tras, Raub District Bukit Indera Mahkota Mukim Kuala Kuantan Kuantan Kaw. Perindustrian Bentong Mukim Bentong, Bentong Bandar Tun Razak Mukim Keratong, Rompin

H.S (M) 3638 P.T. No. 4537

743.2

-

Leasehold (66 years expiring on 13/10/2064)

-

18/12/2002

18

H.S (M) 1554 P.T. No. 5445

2,094.05

-

Leasehold (66 years expiring on 20/01/2063)

-

17/12/2002

19

H.S (D) 1632 P.T. No. 2312 H.S (M) 27037 P.T. No. 29425

929

-

Leasehold (66 years expiring on 02/02/2062) Leasehold (66 years expiring on 30/11/2058)

10

18/12/2002

20

2 acres (0.809 hectares)

1404.67

11

17/12/2002

21

H.S (M) 3123 P.T. No. 7160

2,089.491

-

Leasehold (66 years expiring on 24/03/2064)

-

17/12/2002

22

H.S (M) 11417 P.T. No. 12163 H.S (M) 1361 P.T. No. 1832

2,115.4

-

Leasehold (21 years expiring on 10/06/2017) Leasehold (99 years expiring on 24/07/2096)

-

18/12/2002

23

661.192

-

-

18/12/2002

24

H.S (M) 42094 P.T. No. 50679

0.2096 hectare

-

Leasehold (66 years expiring on 28/10/2063)

-

18/12/2002

25

H.S (M) 4895 P.T. No. 17387 H.S (M) 4361 P.T. No. 5335

2,650.612

-

Leasehold (66 years expiring on 25/04/2068) Leasehold (66 years expiring on 02/09/2064)

-

18/12/2002

26

2,092.48

-

-

17/12/2002

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 141 ]

Description

Current Usage

Registered Owner

Land (RM)

Building (RM)

Total Net Book Value (RM) (RM)

1 Intermediate and 1 Corner Lot 1 1/2Storey Semi Detached Factory 1 Intermediate and 1 Corner Lot 1 1/2Storey Semi Detached Factory Vacant Land with Tower and Cabin

Building and Fixed Local Switch

Alpha Canggih Sdn Bhd

68,000.00

67,000.00

135,000.00

403,850.56

Building and Fixed Local Switch

Alpha Canggih Sdn Bhd

108,000.00

82,000.00

190,000.00

403,850.56

Radio Base Station Site

Cellular Communication Network (M) Sdn Bhd

50,000.00

165,000.00

215,000.00

16,015.95

Land with Tower and Cabin

Radio Base Station Site

Cellular Communication Network (M) Sdn Bhd

40,000.00

-

40,000.00

16,148.52

Vacant Land with Tower and Cabin

Radio Base Station Site

Cellular Communication Network (M) Sdn Bhd

40,000.00

200,000.00

240,000.00

2,947.38

Vacant Land with Tower and Cabin

Radio Base Station Site

Cellular Communication Network (M) Sdn Bhd

113,000.00

160,000.00

273,000.00

7,357.73

Vacant Land with Tower and Cabin 2-Storey Office

Radio Base Station Site Office

Cellular Communication Network (M) Sdn Bhd Alpha Canggih Sdn Bhd

30,000.00

160,000.00

190,000.00

21,221.43

1,307,000.00

1,280,000.00

2,587,000.00

3,242,833.02

Vacant Land with Tower and Cabin

Radio Base Station Site

Cellular Communication Network (M) Sdn Bhd

56,000.00

160,000.00

216,000.00

1.00

Vacant Land with Tower and Cabin Vacant Land with Tower and Cabin

Radio Base Station Site Radio Base Station Site

Cellular Communication Network (M) Sdn Bhd Celcom (M) Sdn Bhd

11,000.00

190,000.00

201,000.00

2,429.67

21,000.00

170,000.00

191,000.00

1.00

Vacant Land with Tower and Cabin

Radio Base Station Site

Cellular Communication Network (M) Sdn Bhd

140,000.00

160,000.00

300,000.00

1.00

Vacant Land with Tower and Cabin Vacant Land with Tower and Cabin

Radio Base Station Site Radio Base Station Site

Celcom (M) Sdn Bhd

185,000.00

160,000.00

345,000.00

1.00

Cellular Communication Network (M) Sdn Bhd

68,000.00

160,000.00

228,000.00

1.00

[ 142 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

No. 27 28 29 30

Location, Mukim, District, State Bukit Istana, Mukim Pedah Jerantut District Karak, Mukim Sabai Bentong District Bukit Kolam Air Raub Mukim Gali, Raub District Lot 69 Semambu Industrial Estate Mukim Kuala Kuantan Kuantan District Bukit Senggora, Mukim Luit Maran District Terengganu

Title No. H.S (M) 6238 P.T. No. 11173 H.S (M) 3491 P.T. No. 4691 H.S (M) 9971 P.T. No. 17227 H.S (D) 3993 P.T. No. 10143 H.S (M) 4016 P.T. No. 5660

Land Area (sqm) 918.374 929.03 2,090.3157 1.9362 acres 1,600

Building Area (sqm) 1586.73

Nature of Property (Tenure Period) Leasehold (66 years expiring on 07/11/2066) Leasehold (66 years expiring on 21/08/2061) Leasehold (66 years expiring on 09/07/2064) Leasehold (66 years expiring on 03/01/2045) Leasehold (21 years expiring on 10/12/2016)

Age of Building (Years) 24

Date of Valuation 18/12/2002 18/12/2002 18/12/2002 17/12/2002

31

-

-

18/12/2002

32 33

Bandar Bukit Besi, Mukim Besul Dungun District Mukim Kijal, Kemaman

H.S (M) 268 P.T. No. 1092 H.S (D) 2479 P.T. No. 3147 H.S (D) 2478 P.T. No. 3146 PM 216 Lot 2876 H.S (M) 2685 P.T. No. 5923 P.N. No. 3828 Lot No. 5251

2,708 37,160

106.79

Leasehold (60 years expiring on 28/11/2055) Leasehold (60 years expiring on 02/03/2056) Leasehold (60 years expiring on 02/03/2056) Leasehold (60 years expiring on 10/06/2056) Leasehold (60 years expiring on 20/07/2054) Leasehold (60 years expiring on 02/01/2055)

-

17/12/2002 17/12/2002

34 35 36

Mukim Kijal, Kemaman Bukit Pak Kancil Mukim Tasik, Setiu District Bukit Jerung Mukim Bukit Payung Marang District Bukit Besar Mukim Bukit Besar Kuala Terengganu Sabah

28,060 5,629 1,059

1,400.73 -

24 -

17/12/2002 18/12/2002 18/12/2002

37

5,335

-

-

18/12/2002

38

Lot 1, Mile 5, Apas Road Tawau Jln Tuaran, Off Mile 5 Jesselton District Kota Kinabalu

Country Lease 105486539 Country Lease 015-299699 Lot No. 15297

3.141 acres (1.271 hectares) 0.215 hectares

-

Leasehold (999 years expiring on 24/10/2916) Leasehold (60 years commencing from 01/05/1966)

-

29/11/2002

39

14,960

-

29/11/2002

Sarawak 40 Pandaruan Land Mukim Limbang Grand of State Land, Lot 393 Block No. 9 Pandaruan Land District Grand of State Land, Lot 394 Block No. 9 Pandaruan Land District 4,654 Freehold (Grant In-Perpetuity) 09/1/2003

41

Pandaruan Land Mukim Limbang

2.509 hectares

-

Freehold (Grant In-Perpetuity)

12

09/1/2003

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 143 ]

Description Vacant Land Vacant Land with Tower and Cabin Vacant Land with Tower and Cabin 2-Storey Building / Warehouse Vacant Land with Tower and Cabin

Current Usage Vacant Radio Base Station Site Radio Base Station Site Mobile Telephone Exchange Site Radio Base Station Site

Registered Owner Cellular Communication Network (M) Sdn Bhd Cellular Communication Network (M) Sdn Bhd Cellular Communication Network (M) Sdn Bhd Alpha Canggih Sdn Bhd

Land (RM) 30,000.00 70,000.00 123,000.00 2,110,000.00

Building (RM) 160,000.00 195,000.00 1,406,000.00

Total Net Book Value (RM) (RM) 30,000.00 230,000.00 318,000.00 3,516,000.00 1.00 1.00 1.00 3,278,299.56

Celcom Microwave Sdn Bhd

17,000.00

180,000.00

197,000.00

1,969.98

Vacant Land with Tower and Cabin Land with Orbcomm Gateway Earth Satelite Land with Orbcomm Gateway Earth Satelite Vacant Land with Tower and Cabin Vacant Land with Tower and Cabin Vacant Land with Tower and Cabin

Radio Base Station Site Satellite Station & Telecommunication Centre Satellite Station & Telecommunication Radio Base Station Site Radio Base Station Site Radio Base Station Site

Cellular Communication Network (M) Sdn Bhd Cellular Communication Network (M) Sdn Bhd Cellular Communication Network (M) Sdn Bhd Celcom (M) Sdn Bhd Cellular Communication Network (M) Sdn Bhd Cellular Communication Network (M) Sdn Bhd

40,000.00 2,295,000.00

171,000.00

40,000.00 2,466,000.00

3,248.45 260,541.71

2,420,000.00 100,000.00 60,000.00

3,534,000.00 -

5,954,000.00 100,000.00 60,000.00

196,740.58 21,456.13 1.00

287,000.00

-

287,000.00

99,992.20

Vacant Land with Tower and Cabin 3-Storey Concrete Office Building cum Single Storey Factory

Mobile Telephone Exchange site Mobile Telephone Exchange site

Alpha Canggih Sdn Bhd

1,370,000.00

-

1,370,000.00

3,490,030.00

Cellular Communication Network (M) Sdn Bhd

810,000.00

850,000.00

1,660,000.00

1,614,519.05

Vacant Land with Tower and Cabin

Radio Base Station Site

Alpha Canggih Sdn Bhd

60,000.00

-

60,000.00

1,116,437.50

Vacant Land with Tower and Cabin

Radio Base Station Site

Alpha Canggih Sdn Bhd

275,000.00

-

275,000.00

1,116,437.50

[ 144 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

STATISTICS ON SHAREHOLDING AS AT 10 MARCH 2003

Authorised capital Issued and paid up capital Class of shares Voting rights

: RM4,000,000,000 : RM1,983,649,322 : Ordinary shares of RM1.00 each fully paid : One vote per shareholder on a show of hands One vote per share on a poll

Analysis of shareholdings A. Distribution of Shareholdings No. of Holders 1,465 14,377 1,918 556 5 18,321 Total Holdings 77,319 45,747,630 58,787,375 883,465,859 995,571,139 1,983,649,322

Size of Shareholdings Less than 1,000 1,000 to 10,000 10,001 to 100,000 100,001 to less than 5% of issued shares 5% and above of issued shares Total

%
0.00 2.31 2.96 44.54 50.19 100.00

B.

List of Thirty (30) Largest Shareholders Name of Shareholders 1. CIMB Nominees (Tempatan) Sdn Bhd (Telekom Enterprise Sdn Bhd) 2. Cimsec Nominees (Tempatan) Sdn Bhd (Telekom Enterprise Sdn Bhd) 3. Employees Provident Fund Board 4. DeTeAsia Holding GmbH 5. OSK Nominees (Tempatan) Sdn Berhad (Lembaga Tabung Haji) 6. Naluri Berhad 7. RHB Nominees (Tempatan) Sdn Bhd (Telekom Enterprise Sdn Bhd) 8. Cimsec Nominees (Tempatan) Sdn Bhd (Telekom Malaysia Berhad) 9. Khazanah Nasional Berhad 10. Amsec Nominees (Tempatan) Sdn Bhd (Telekom Enterprise Sdn Bhd) 11. DB (Malaysia) Nominee (Asing) Sdn Bhd (UBS AG (LDN BR IPB/SES)) 12. HSBC Nominees (Asing) Sdn Bhd (BNY Brussels for the Great Eastern Life Assurance Co. Ltd) No. of Shares Held 260,870,500

%
13.15

239,006,000

12.05

207,218,000 158,476,639 130,000,000

10.45 7.99 6.55

69,072,000 50,392,000

3.48 2.54

40,534,000

2.04

28,296,000 28,200,000

1.43 1.42

27,976,000

1.41

23,076,000

1.16

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 145 ]

13. AMMB Nominees (Tempatan) Sdn Bhd (Amtrustee Berhad for BHLB Pacific Dana Al-Ihsan (5/2-7)) 14. Mayban Securities Nominees (Tempatan) Sdn Bhd (Pledged Securities Account for Newtracks Sdn Bhd (REM 167)) 15. Koh Yoke Chai 16. OSK Nominees (Tempatan) Sdn Berhad (Pledged Securities Account for Polynamic Sdn Bhd)

21,228,000

1.07

14,489,000

0.73

14,000,000 13,000,000

0.71 0.66

17. Cartaban Nominees (Asing) Sdn Bhd 11,989,000 (SSBT Fund P001 for Morgan Stanley Investment Management Emerging Markets Trust) 18. Universal Trustee (Malaysia) Berhad (BHLB Pacific High Growth Fund) 19. Cartaban Nominees (Asing) Sdn Bhd (Boston Safe Deposit and Trust Company for Commonwealth of Pennsylvania Public School Employees Retirement System) 20. DB (Malaysia) Nominee (Asing) Sdn Bhd (Deutsche Bank AG London for CS Opportunistic Strategy Ltd) 21. DB (Malaysia) Nominee (Asing) Sdn Bhd (Deutsche Bank AG London for Diversified Asian Strategies Fund) 22. HSBC Nominees (Asing) Sdn Bhd (CMB LDN for Trustees of the BT Pensions Scheme) 23. Cartaban Nominees (Asing) Sdn Bhd (Government of Singapore Investment Corporation Pte Ltd for Government of Singapore (C)) 24. Malaysia Nominees (Tempatan) Sendirian Berhad (Great Eastern Life Assurance (Malaysia) Berhad (PAR 1)) 25. HSBC Nominees (Asing) Sdn Bhd (BBH and Co Boston for President and Fellows of Harvard College (HCM)) 26. HSBC Nominees (Tempatan) Sdn Bhd (HSBC (M) Trustee Bhd for OSK-UOB Equity Trust (3175)) 27. Mayban Securities Nominees (Asing) Sdn Bhd (Mayban Nominees (S) Pte Ltd) 28. HSBC Nominees (Tempatan) Sdn Bhd (HSBC (Malaysia) Trustee Berhad for Amanah Saham Sarawak) 29. AM Nominees (Tempatan) Sdn Bhd (Pertubuhan Keselamatan Sosial) 30. Cartaban Nominees (Asing) Sdn Bhd (Boston Safe Deposit and Trust Company for SBC Pension Benefit Plan) Total 5,763,000 11,161,000

0.60

0.56

10,733,000

0.54

8,649,000

0.44

8,649,000

0.44

8,000,000

0.40

7,404,000

0.37

6,415,000

0.32

6,325,000

0.32

6,084,000

0.31

6,049,000

0.30

6,008,000

0.30

5,940,000

0.30

0.29

1,435,003,139

72.34

[ 146 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

C. Substantial Shareholders (as shown in the register of substantial shareholders) Name of Substantial Shareholders 1. DeTeAsia Holding GmbH 2. Deutsche Telekom AG 3. Telekom Malaysia Berhad 4. Telekom Enterprise Sdn Bhd 5. Employees Provident Fund Board 6. Lembaga Tabung Haji (Indirect) (Direct) (Indirect) No. of Shares Held 158,476,639 158,476,639 41,428,000 578,468,500 578,468,500 220,227,000 134,684,000

%
7.99 7.99 2.09 29.16 29.16 11.10 6.79

Notes

A B

Note:
A: Deutsche Telekom AG is deemed interested in the shares held by DeTeAsia Holding GmbH (DeTeAsia) by virtue of their 100% interest in DeTeAsia. B: Telekom Malaysia Berhad is deemed interested in the shares held by Telekom Enterprise Sdn Bhd by virtue of their 100% interest in Telekom Enterprise Sdn Bhd.

D. Directors' Shareholding (as shown in the Register of Directors' Shareholding) no. of shares direct Dato' Dr Mohd Munir bin Abdul Majid Dato' Mohamed Yunus Ramli bin Abbas Dato' Abdul Rahman bin Haji Ismail Dato' Ng Kong Yeam Dato’ Lim Kheng Guan Rosli bin Man Tan Poh Keat Shamsuddin bin Mohd Rasom Azzat bin Kamaludin Ismael Fariz bin Ali Axel Hass Joerg Andreas Boy Oliver Tim Axmann (Alternate Director to Axel Hass) Dieter Sieber (Alternate Director to Joerg Andreas Boy) — — — 3,500,000 — — 22,000 — — — — — — — no. of shares indirect — — — — — — — — — — — — — — — — — — — — — — — — — — — —

%

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 147 ]

Directors' Shareholding in subsidiaries and associate companies No. of Shares Direct Dato' Dr Mohd Munir bin Abdul Majid Nil Dato' Mohamed Yunus Ramli bin Abbas Nil Dato' Abdul Rahman bin Haji Ismail Nil Dato' Ng Kong Yeam Nil Dato’ Lim Kheng Guan Nil Rosli bin Man Nil Tan Poh Keat Nil Shamsuddin bin Mohd Rasom Nil Azzat bin Kamaludin Nil Ismael Fariz bin Ali Nil Axel Hass Nil Joerg Andreas Boy Nil Oliver Tim Axmann (Alternate Director to Axel Hass) Nil Dieter Sieber (Alternate Director to Joerg Andreas Boy) Nil — — — — — — — — — — — — — — — — — — — — — — — — —

%

No. of Shares Indirect — — — — — — — — —

%

— — — — — — — — —

— — — — — — — — —

—

—

—

—

LAPORAN PARA PENGARAH DAN PENYATA KEWANGAN

31 DISEMBER 2002

LAPORAN PARA PENGARAH DAN PENYATA KEWANGAN 31 DISEMBER 2002

Kandungan Laporan Para Pengarah Penyataan Para Pengarah Akuan Berkanun Laporan Juruaudit kepada Ahli Celcom (Malaysia) Berhad Penyata pendapatan Lembaran Imbangan Penyata Perubahan dalam Ekuiti Disatukan Penyata Perubahan dalam Ekuiti Penyata Aliran Tunai Nota-nota kepada Penyata Kewangan

Muka Surat 151 — 153 154 154

155 156 157 158 159 160 — 161 162 — 207

Celcom (Malaysia) Berhad

(167469-A)

Diperbadankan di Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 151 ]

LAPORAN PARA PENGARAH

Para Pengarah dengan sukacitanya membentangkan laporan mereka berserta dengan penyata kewangan Kumpulan dan Syarikat yang telah diaudit bagi tahun kewangan berakhir 31 Disember 2002. Kegiatan Utama Kegiatan utama Syarikat adalah dalam perkhidmatan penghantaran suara dan data menerusi sistem selular dan talian tetap di dalam Malaysia dan juga kepada dan dari lain-lain tempat di seluruh dunia. Kegiatan utama syarikat-syarikat subsidiari dinyatakan dalam Nota 25 kepada penyata kewangan. Tidak ada sebarang perubahan penting dalam kegiatan utama tersebut di sepanjang tahun. Pertukaran Nama Pada tahun kewangan semasa, Syarikat telah menukar statusnya dari sebuah syarikat persendirian liabiliti terhad kepada syarikat awam liabiliti terhad dan dengan itu telah menukar namanya dari Celcom (Malaysia) Sdn. Bhd. kepada Celcom (Malaysia) Berhad seperti yang dinyatakan dalam Nota 1 kepada penyata kewangan. Keputusan kewangan KUMPULAN
RM’000

SYARIKAT
RM’000

Keuntungan / (kerugian) bersih yang boleh diagihkan kepada para pemegang saham

32,931

(86,191)

Tiada pemindahan kepada atau daripada akaun rizab atau peruntukan yang ketara di sepanjang tahun kewangan selain daripada yang telah dinyatakan dalam penyata perubahan dalam ekuiti. Penyata kewangan disatukan oleh bekas syarikat induk, Technology Resources Industries Berhad (“TRI”), yang telah pun menjadi subsidiari selaras dengan skim penstrukturan semula Kumpulan, telah disatukan menurut prinsip perakaunan percantuman. Justeru itu, penyata pendapatan disatukan menggabungkan keputusan kewangan disatukan TRI seolah-olah percantuman itu berlaku pada 31 Disember 2000. Pada pendapat para pengarah, keputusan operasi Kumpulan dan Syarikat dalam tahun kewangan tidak banyak di pengaruhi secara ketara oleh sebarang perkara, urusniaga atau peristiwa penting atau luarbiasa kecuali seperti yang dinyatakan di dalam Nota 7 kepada penyata kewangan. Dividen Tiada sebarang dividen yang telah dibayar atau diisytiharkan oleh Syarikat sejak tahun kewangan yang lepas. Para pengarah tidak menyarankan pembayaran dividen bagi tahun kewangan semasa. Para Pengarah Senarai nama para pengarah Syarikat yang telah menyandang jawatan semenjak tarikh laporan yang lepas dan pada tarikh laporan ini ialah: Dato’ Dr. Mohd Munir bin Abdul Majid Dato’ Lim Kheng Guan Rosli bin Man Tan Poh Keat Dato’ Mohamed Yunus Ramli bin Abbas Ismael Fariz bin Ali Azzat bin Kamaludin Dato’ Abdul Rahman bin Hj Ismail Dato’ Ng Kong Yeam Shamsuddin bin Mohd Rasom (dilantik pada 17 Julai 2002) (dilantik pada 3 Julai 2002) (dilantik pada 3 Julai 2002) (dilantik pada 10 Oktober2002) (dilantik pada 10 Oktober 2002) (dilantik pada 10 Oktober 2002) (dilantik pada 10 Oktober 2002) (dilantik pada 10 Oktober 2002) (dilantik pada 10 Oktober 2002) (meletak jawatan sebagai pengarah gantian kepada Tan Sri Dato’ Tajudin bin Ramli dan dilantik sebagai pengarah pada 3 Julai 2002; susulan itu meletak jawatan pada 17 Julai 2002 dan dilantik semula pada 10 Oktober 2002)

Axel Hass Oliver Tim Axmann (pengarah gantian kepada Axel Hass) Joachim Gronau Joerg Andreas Boy

(meletak jawatan pada 15 Oktober 2002) (meletak jawatan sebagai pengarah gantian kepada Joachim Gronau dan dilantik sebagai pengarah pada 15 Oktober 2002)

[ 152 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Diperbadankan di Malaysia

Dieter Sieber (pengarah gantian kepada Joerg Andreas Boy) Dr. Frank-Reinhard Bartsch (pengarah gantian kepada Dieter Sieber) Tan Sri Dato’ Tajudin bin Ramli Bistamam bin Ramli Tuan Haji Mohamed Ali bin Yusoff

( meletak jawatan pada 10 Oktober 2002; dilantik sebagai pengarah gantian kepada Joerg Andreas Boy pada 15 Oktober 2002) ( meletak jawatan pada 10 Oktober 2002) ( meletak jawatan pada 3 Julai 2002) ( meletak jawatan pada 3 Julai 2002) ( meletak jawatan pada 3 Julai 2002)

Manfaat Para Pengarah Pada akhir tahun kewangan, atau sepanjang tahun kewangan, tiada sebarang perjanjian yang Syarikat menjadi pihak, dimana pengarah Syarikat mendapat manfaat melalui perolehan saham atau debentur Syarikat atau sebarang badan korporat. Sejak akhir tahun kewangan yang lepas, tiada pengarah yang telah menerima atau berhak menerima sebarang manfaat (selain daripada manfaat yang termasuk dalam ganjaran yang telah dibayar atau terhutang kepada pengarah seperti dinyatakan di Nota 6 kepada penyata kewangan atau gaji tetap bagi pekerja sepenuh masa Syarikat) hasil dari perjanjian yang dibuat oleh Syarikat atau syarikat yang berkaitan dengan pengarah atau dengan firma dimana ianya seorang ahli, atau dengan syarikat di mana ia mempunyai kepentingan kewangan yang nyata, selain daripada manfaat yang diperoleh daripada urusan penting dengan pihak berkaitan seperti yang dinyatakan dalam Nota 31 kepada penyata kewangan. Kepentingan Para Pengarah Menurut daftar pegangan saham para pengarah, kepentingan para pengarah yang memegang jawatan pada akhir tahun kewangan di dalam saham Syarikat dan badan-badan korporat yang berkaitan di sepanjang tahun kewangan adalah seperti berikut: Bilangan Saham Biasa RM1 Setiap Satu Skim Penstrukturan 31 Disember Semula* Jual 2002

1 Januari 2002 Syarikat Kepentingan Langsung Dato’ Ng Kong Yeam Tan Poh Keat TRI Kepentingan Langsung Dato’ Ng Kong Yeam Tan Poh Keat 3,500,000 22,000 -

3,500,000 22,000

-

3,500,000 22,000

(3,500,000) (22,000)

-

-

Para pengarah lain yang memegang jawatan pada akhir tahun kewangan tidak mempunyai sebarang kepentingan di dalam saham-saham Syarikat atau badan-badan korporat yang berkaitan di sepanjang tahun kewangan.
* Selaras dengan skim penstrukturan semula Kumpulan bagi tahun kewangan semasa, setiap saham TRI yang dipegang pada tarikh skim tersebut digantikan dengan satu saham di dalam Syarikat.

Terbitan Saham Semasa tahun kewangan, Syarikat telah meningkatkan: a. b. modal saham dibenarkan daripada RM500,000,000 kepada RM4,000,000,000 melalui terbitan tambahan 3,500,000,000 saham biasa bernilai RM1 sesaham; dan modal saham diterbit dan dibayar sepenuhnya daripada RM500,000,000 kepada RM1,983,649,322 dengan menerbitkan 1,483,649,322 saham biasa bernilai RM1 sesaham harga tara, dengan cara permodalan wang pendahuluan daripada bekas syarikat induknya, TRI berjumlah RM1,483,649,322, seperti yang dinyatakan di Nota 1 kepada penyata kewangan, selaras dengan skim penstrukturan Kumpulan. Saham-saham baru ini bertaraf parri passu dalam semua hal berhubung dengan saham-saham syarikat yang sedia ada.

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[ 153 ]

Lain-lain Maklumat Berkanun a. Sebelum penyata kewangan dan lembaran imbangan Kumpulan dan Syarikat disediakan, para Pengarah telah mengambil langkah-langkah yang sewajarnya: i. untuk memastikan bahawa tindakan telah diambil berkaitan dengan penghapuskiraan hutang lapuk dan dalam membuat peruntukan bagi hutang ragu dan berpuashati bahawa sebarang hutang lapuk yang diketahui telah dihapuskira dan peruntukan yang memadai telah dibuat bagi hutang ragu; dan untuk memastikan bahawa aset semasa yang mungkin tidak dapat direalisasikan pada nilai yang direkodkan dalam rekod-rekod perakaunan melalui urusan perniagaan biasa telah dikurangkan nilainya kepada hasilaku yang dianggap boleh diperolehi.

ii.

b.

Pada tarikh laporan ini, para pengarah tidak mengetahui tentang sebarang keadaan yang tidak dinyatakan di dalam laporan ini atau penyata kewangan Kumpulan dan Syarikat yang akan mengakibatkan: i. ii. sebarang jumlah dihapuskira sebagai hutang lapuk atau jumlah yang diperuntukkan bagi hutang ragu tidak memadai secara ketara; dan nilai aset semasa di dalam penyata kewangan Kumpulan dan Syarikat mengelirukan.

c.

Pada tarikh laporan ini, para pengarah tidak mengetahui tentang sebarang keadaan yang boleh menjadikan kepatuhan kepada kaedah penilaian yang sedia ada bagi penilaian aset atau liabiliti Kumpulan dan Syarikat mengelirukan atau tidak sesuai. Pada tarikh laporan ini, para pengarah tidak mengetahui tentang sebarang keadaan yang tidak dinyatakan di dalam laporan ini atau penyata kewangan Kumpulan dan Syarikat yang akan menyebabkan mana-mana jumlah yang dinyatakan di dalam penyata kewangan mengelirukan. Pada tarikh laporan ini, tidak wujud: i. ii. sebarang tindihmilik ke atas aset Kumpulan atau Syarikat yang timbul sejak akhir tahun kewangan yang menjamin liabiliti pihak lain; atau sebarang liabiliti luarjangka Kumpulan atau Syarikat yang timbul sejak akhir tahun kewangan.

d.

e.

f.

Pada pendapat para pengarah: i. tidak ada liabiliti luarjangka atau lain-lain liabiliti yang telah berkuatkuasa atau berkemungkinan dikuatkuasakan dalam tempoh dua belas bulan dari akhir tahun kewangan yang akan atau mungkin menjejaskan keupayaan Syarikat untuk menunaikan kewajipannya apabila tiba masanya kelak; dan tidak ada butiran, urusniaga atau kejadian penting dan bersifat ganjil yang timbul di dalam jangkamasa di antara akhir tahun dan tarikh laporan ini yang mungkin mempengaruhi secara ketara keputusan operasi Syarikat untuk tahun kewangan di mana laporan ini dibuat.

ii.

Peristiwa-peristiwa penting Pada tahun semasa, Kumpulan telah melaksanakan penstrukturan semula seperti yang dinyatakan dalam Nota 1 kepada penyata kewangan. Peristiwa penting yang lain yang berlaku disepanjang tahun kewangan adalah seperti yang dinyatakan di Nota 32 kepada penyata kewangan. Peristiwa-peristiwa penting Peristiwa-peristiwa penting selepas akhir tahun adalah seperti yang dinyatakan didalam Nota 33 kepada penyata kewangan. Juruaudit Juruaudit kami, Arthur Andersen & Co., bersara dan tidak menawarkan diri untuk perlantikan semula. Ditandatangani bagi pihak Lembaga menurut resolusi para pengarah

DATO’ DR. MOHD MUNIR BIN ABDUL MAJID Kuala Lumpur, Malaysia Tarikh: 26 Februari, 2003

DATO’ MOHAMED YUNUS RAMLI BIN ABBAS

[ 154 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

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PENYATA PARA PENGARAH
BERDASARKAN SEKSYEN 169 (15) AKTA SYARIKAT, 1965

Kami, DATO’ DR. MOHD MUNIR BIN ABDUL MAJID dan DATO’ MOHAMED YUNUS RAMLI BIN ABBAS, dua daripada para pengarah CELCOM (MALAYSIA) BERHAD, dengan ini menyatakan bahawa, pada pendapat para pengarah, penyata kewangan yang disertakan dari muka surat 156 sehingga 207 telah disediakan dengan menurut Piawaian Perakaunan berkenaan yang diluluskan di Malaysia dan peruntukan Akta Syarikat 1965 untuk memberi gambaran yang benar dan saksama mengenai kedudukan kewangan Kumpulan dan Syarikat pada 31 Disember 2002 dan keputusan serta aliran tunai Kumpulan dan Syarikat bagi tahun berakhir pada tarikh tersebut. Ditandatangani bagi pihak Lembaga menurut resolusi para pengarah

DATO’ DR. MOHD MUNIR BIN ABDUL MAJID

DATO’ MOHAMED YUNUS RAMLI BIN ABBAS

Kuala Lumpur, Malaysia Tarikh: 26 Februari 2003

AKUAN BERKANUN
BERDASARKAN SEKSYEN 169 (16) AKTA SYARIKAT, 1965

Saya, BAZLAN BIN OSMAN, pegawai yang bertanggungjawab terhadap pengurusan kewangan CELCOM (MALAYSIA) BERHAD, dengan takzim dan ikhlas mengaku bahawa penyata kewangan yang disertakan dari muka surat 156 hingga 207 pada pendapat saya, betul dan saya membuat pengakuan ini sesungguhnya dengan hemat mempercayai bahawa ianya benar dan menurut peruntukan Akta Akuan Berkanun 1960.

Ditandatangani dan diakui sesungguhnya oleh yang dinamakan di atas BAZLAN BIN OSMAN di Kuala Lumpur dalam Wilayah Persekutuan pada 26 Februari 2003 Dihadapan saya, RALPH KINNY FERNANDEZ No. W164 Pesuruhjaya Sumpah

) ) ) ) BAZLAN BIN OSMAN

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LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 155 ]

LAPORAN JURUAUDIT KEPADA AHLI CELCOM ( MALAYSIA) BERHAD

Kami telah mengaudit penyata kewangan yang disertakan pada muka surat 156 sehingga 207. Penyata kewangan tersebut adalah tanggungjawab para pengarah Syarikat. Tanggungjawab kami adalah untuk manyatakan pendapat mengenai penyata kewangan tersebut berdasarkan audit kami. Kami melaksanakan audit mengikut Piawaian Pengauditan berkenaan yang diluluskan di Malaysia. Piawaian tersebut memerlukan kami merancang dan melaksanakan audit untuk mencapai kepastian munasabah mengenai samada penyata kewangan tersebut bebas daripada salah nyata yang ketara. Sesuatu audit merangkumi pemeriksaan, berdasarkan ujian, bukti yang menyokong jumlah dan penyataan di dalam penyata kewangan. Sesuatu audit juga merangkumi penilaian prinsip perakaunan yang digunakan dan anggaran penting yang dibuat oleh para pengarah, serta penilaian pembentangan penyata kewangan secara keseluruhannya. Kami percaya bahawa audit kami telah memberi asas munasabah untuk menyatakan pendapat kami. Pada pendapat kami: a. penyata-penyata kewangan tersebut telah disediakan dengan wajarnya menurut Akta Syarikat, 1965 dan menurut Piawaian Perakaunan berkenaan yang diluluskan di Malaysia dan memberi gambaran yang benar dan saksama mengenai: i. kedudukan kewangan Kumpulan dan Syarikat pada 31 Disember 2002 dan keputusan serta aliran tunai Kumpulan dan Syarikat bagi tahun kewangan berakhir pada tarikh tersebut; dan ii. perkara-perkara yang dikehendaki oleh Seksyen 169 Akta Syarikat, 1965 yang perlu dituruti di dalam penyata-penyata kewangan; dan b. rekod perakaunan dan lain-lain rekod dan daftar-daftar yang dikehendaki oleh Akta untuk disimpan oleh Syarikat dan subsidiari-subsidiarinya yang mana kami telah bertindak sebagai juruaudit telah disimpan dengan wajarnya menurut peruntukan Akta. Kami telah mempertimbangkan penyata-penyata kewangan dan laporan juruaudit tersebut untuk subsidiari-subsidiari di mana kami tidak bertindak sebagai juruaudit, seperti dinyatakan dalam Nota 25 kepada penyata kewangan, sebagai penyata-penyata kewangan yang telah dimasukkan ke dalam penyata-penyata kewangan disatukan. Kami berpuashati bahawa penyata kewangan syarikat-syarikat subsidiari yang telah disatukan dengan penyata-penyata kewangan Syarikat adalah dalam bentuk dan kandungan yang sesuai dan wajar bagi tujuan penyediaan penyata-penyata kewangan disatukan dan kami telah menerima maklumat dan penjelasan yang memuaskan sebagaimana dikehendaki oleh kami bagi tujuan tersebut. Laporan juruaudit bagi penyata kewangan syarikat-syarikat subsidiari tidak tertakluk kepada sebarang persyaratan besaran kepada penyata-penyata kewangan disatukan dan tidak mengandungi sebarang teguran yang perlu untuk dibuat di bawah Seksyen 174(3) Akta tersebut.

ARTHUR ANDERSEN & CO. AF: 0103 Akauntan Bertauliah

Lim Saw Keng No. 2215 /10 /03(J) Rakankongsi firma

Kuala Lumpur, Malaysia Tarikh: 26 Februari 2003

[ 156 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Diperbadankan di Malaysia

PENYATA PENDAPATAN
BAGI TAHUN BERAKHIR 31 DISEMBER 2002

KUMPULAN Nota 2002 2001 Dinyatakan semula
RM’000

SYARIKAT 2002 2001 Dinyatakan semula
RM’000

RM’000 2,558,765 32,082 (1,619,819) (690,652) 280,376 (307,921) (16,205) (43,750) (22,829) (66,579) 4,379

RM’000 2,500,424 14,565 (1,676,955) (557,202) 280,832 (196,370) 84,462 84,462 -

Pendapatan Pendapatan lain Perbelanjaan operasi Susutnilai Keuntungan / (kerugian) daripada aktiviti operasi Kos kewangan, bersih Perkongsian keuntungan / (kerugian) dari syarikat-syarikat bersekutu (Kerugian) / keuntungan sebelum cukai Cukai Keuntungan / (kerugian) selepas cukai Kepentingan minoriti Keuntungan /(kerugian) bersih yang boleh diagihkan kepada para pemegang saham Perolehan / (kerugian) sesaham Asas (sen)

3 4,7 5,7

2,400,810 226,610 (1,821,961) (759,370) 46,089

2,397,461 14,024 (1,819,776) (703,377) (111,668) (137,317) (248,985) 162,794 (86,191) -

8

(150,609) 6,452 (98,068)

9

130,999 32,931 -

32,931

(62,200)

(86,191)

84,462

10

1.7

(3.1)

Nota-nota yang disertakan merupakan sebahagian asasi penyata ini.

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[ 157 ]

LEMBARAN IMBANGAN
PADA 31 DISEMBER 2002

KUMPULAN Nota 2002 2001 Dinyatakan semula
RM’000

SYARIKAT 2002 2001 Dinyatakan semula
RM’000

RM’000 4,192,483 74,079 5,134 4,271,696

RM’000 2,716,763 42,000 2,758,763

Aset Tak Semasa Hartanah, loji dan peralatan Pelaburan Muhibah atas penyatuan 11 12 13 3,344,000 101,378 3,445,378 Aset Semasa Inventori Penghutang Sekuriti dipasarkan Tunai dan baki di bank 14 15 16 17 5,216 297,334 2,144 651,832 956,526 Liabiliti Semasa Pinjaman jangka pendek Pemiutang Cukai 18 20 125,633 836,239 34,147 996,019 (Liabiliti) /Aset Semasa Bersih (39,493) 3,405,885 Dibiayai oleh: Modal saham Rizab Dana pemegang saham Kepentingan minoriti 21 22 1,983,649 (556,632) 1,427,017 1,427,017 Pinjaman jangka panjang Cukai tertunda Hutang kepada subsidiari Liabiliti tak semasa 18 23 24 1,740,519 238,349 1,978,868 3,405,885 500,000 (691,977) (191,977) 2,502 (189,475) 1,189,256 344,088 1,533,344 1,343,869 1,983,649 (1,143,841) 839,808 839,808 1,740,314 13,074 722,533 2,475,921 3,315,729 500,000 (1,057,650) (557,650) (557,650) 1,109,431 160,518 1,269,949 712,299 2,657,697 981,541 63,100 3,702,338 (2,927,827) 1,343,869 120,366 740,070 860,436 94,994 3,315,729 476,007 2,432,755 15,350 2,924,112 (2,046,464) 712,299 26,087 368,158 2,868 377,398 774,511 5,220 368,040 582,170 955,430 17,403 632,512 227,733 877,648 3,178,734 42,001 3,220,735

Nota-nota yang disertakan merupakan sebahagian asasi penyata ini.

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Celcom (Malaysia) Berhad

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Diperbadankan di Malaysia

PENYATA PERUBAHAN DALAM EKUITI DISATUKAN
UNTUK TAHUN BERAKHIR 31 DISEMBER 2002

<--- Tidak boleh diagih ---> Rizab Modal Nota saham RM’000 terjemahan asing RM’000 Rizab modal RM’000 Kerugian terkumpul RM’000 Jumlah RM’000

Pada 1 Januari 2001 seperti dinyatakan sebelum ini Pelarasan tahun lepas Perakaunan percantuman untuk pengorganisasian semula dalaman Pada 1 Januari 2001 dinyatakan semula Perbezaan terjemahan mata wang Kerugian bersih bagi tahun semasa Pada 31 Disember 2001 22 500,000 500,000 90 90 2,094 2,184 903,620 903,707 903,707 (892,253) (1,535,668) (62,200) (1,597,868) 11,457 (131,871) 2,094 (62,200) (191,977) 27 500,000 87 (408,099) (235,316) 91,988 (235,316)

Pada 1 Januari 2002 seperti dinyatakan sebelum ini Pelarasan tahun lepas Perakaunan percantuman untuk pengorganisasian semula dalaman Pada 1 Januari 2002 dinyatakan semula Kesan penerbitan saham oleh TRI Permodalan pendahuluan daripada TRI Keuntungan bersih bagi tahun semasa Pada 31 Disember 2002 22 1,22 22 500,000 1,483,649 1,983,649 2,184 2,184 2,184 903,620 903,707 1,586,063 (1,483,649) 1,006,121 (1,101,583) (1,597,868) 32,931 (1,564,937) (195,779) (191,977) 1,586,063 32,931 1,427,017 27 500,000 87 (285,291) (210,994) 214,796 (210,994)

Nota-nota yang disertakan merupakan sebahagian asasi penyata ini.

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[ 159 ]

PENYATA PERUBAHAN DALAM EKUITI
UNTUK TAHUN BERAKHIR 31 DISEMBER 2002

Modal Nota saham RM’000

Kerugian terkumpul RM’000 Jumlah RM’000

Pada 1 Januari 2001 seperti dinyatakan sebelum ini Pelarasan tahun lepas Pada 1 Januari 2001 dinyatakan semula Keuntungan bersih tahun semasa Pada 31 Disember 2001 27

500,000 500,000 500,000

(906,796) (235,316) (1,142,112) 84,462 (1,057,650)

(406,796) (235,316) (642,112) 84,462 (557,650)

Pada 1 Januari 2002 seperti dinyatakan sebelum ini Pelarasan tahun lepas Pada 1 Januari 2002 dinyatakan semula Permodalan pendahuluan daripada TRI Kerugian bersih bagi tahun semasa Pada 31 Disember 2002 1 27

500,000 500,000 1,483,649 1,983,649

(846,656) (210,994) (1,057,650) (86,191) (1,143,841)

(346,656) (210,994) (557,650) 1,483,649 (86,191) 839,808

Nota-nota yang disertakan merupakan sebahagian asasi penyata ini.

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PENYATA ALIRAN TUNAI
BAGI TAHUN BERAKHIR 31 DISEMBER 2002

KUMPULAN 2002 2001 Dinyatakan semula
RM’000

SYARIKAT 2002 2001 Dinyatakan semula
RM’000

RM’000 (43,750) 690,652 217,629 3,840 (270) 306 1,280 (4,767) 18,356 16,205 3,341 1,812 (12,498) 67,246 315,661 (7,740) 1,267,303 (14,658) (154,753) 15,153 28,511 1,141,556 (205,141) (3,533) 932,882

RM’000 84,462 557,202 202,344 246 (600) 24 (12,082) 223,274 (26,904) 1,027,966 (13,450) (88,688) (29,852) 106,122 1,002,098 (135,166) 866,932

Aliran Tunai dari Aktiviti Operasi (Kerugian) / keuntungan sebelum cukai Pelarasan untuk: Susutnilai Peruntukan hutang ragu: – penghutang perdagangan – lain-lain penghutang Peruntukan pendahuluan kepada TRI Peruntukan hutang ragu dimasukkan semula Peruntukan rosotnilai kekal dalam nilai pelaburan Muhibah dihapuskira Laba atas pelupusan subsidiari Kerugian pertukaran asing tak terealisasi Perkongsian (keuntungan) / kerugian dalam syarikat bersekutu Rosotnilai pelaburan dalam saham tercatat Loji dan peralatan dihapuskira Rugi / (laba) atas pelupusan loji dan peralatan Kos penstrukturan semula Diskaun atas bayaran awal untuk pinjaman-pinjaman Peruntukan kerugian dijangka Peruntukan kerugian rosotnilai Bayaran faedah Perbelanjaan faedah Keuntungan kendalian sebelum perubahan modal kerja Kurangan / (tambahan) dalam inventori Tambahan dalam penghutang (Kurangan) / tambahan dalam pemiutang (Kurangan) / tambahan dalam baki dengan subsidiari-subsidiari (Kurangan) / tambahan dalam baki dengan syarikat-syarikat bersekutu Tunai dihasilkan daripada kendalian operasi Faedah dibayar Cukai dibayar Tunai bersih hasil daripada kendalian operasi (19,987) 851,494 (137,762) (183) 713,549 (9,175) 495,305 (127,858) 367,447 (538,644) (6,452) 724 78,866 111 70,536 (212,690) 81,518 160,114 (9,505) 908,135 12,207 (34,960) (13,901) 76,269 456 39,123 81,518 153,639 (16,322) 916,000 12,184 (50,028) 164,968 190 73,179 10,242 73,111 9,024 44,790 759,370 703,377 (98,068) (248,985)

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KUMPULAN 2002 2001 Dinyatakan semula
RM’000

SYARIKAT 2002 2001 Dinyatakan semula
RM’000

RM’000 9,167 509 (3,615) (387,477) 12,688 (368,728)

RM’000 5,886 600 (305,516) 12,114 (286,916)

Aliran Tunai dari Aktiviti Pelaburan Faedah diterima Tunai bersih dari pembatalan penyatuan subsidiari-subsidiari (Nota 25) Tunai bersih dari pelupusan subsidiari (Nota 25) Pembelian saham di dalam subsidiari-subsidiari Pembelian hartanah, loji dan peralatan Penerimaan daripada pelupusan loji dan peralatan Tunai bersih digunakan dalam aktiviti pelaburan Aliran Tunai dari Aktiviti Pembiayaan Penambahan pinjaman Pembayaran balik pemiutang sewabeli dan pajakan Pembayaran balik pinjaman Hasil dari terbitan saham Bayaran kos penstrukturan semula Kurangan / (tambahan) kepada deposit tetap yang dicagarkan Tunai bersih (digunakan dalam) / dihasilkan dari aktiviti pembiayaan (89,737) (737,507) 219,995 (392,407) 58,170 (5,927) 1,850,000 (30,095) (3,483,339) 1,641,743 (126,216) (40,815) (690,765) 1,850,000 (21,758) (1,569,124) (39,123) (30,197) (362,210) (13,497) (287,524) 4,908 (284,756) (1) (253,688) 4,353 (233,005) 11,357 16,331

Tambahan / (Kurangan) Bersih dalam Tunai dan Setara Tunai Kesan Perubahan Kadar Pertukaran Wang Tunai dan Setara Tunai pada Awal Tahun Tunai dan Setara Tunai pada Akhir Tahun (Nota 17) 339,056 124 253,024 592,204 (173,353) (2,611) 428,988 253,024 354,437 227,733 582,170 187,609 40,124 227,733

Nota-nota yang disertakan merupakan sebahagian asasi penyata ini.

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NOTA - NOTA KEPADA PENYATA KEWANGAN
31 DISEMBER 2002

1.

Penstrukturan Semula Kumpulan dan Pengorganisasian Semula Dalaman Pada tahun kewangan semasa, bekas syarikat induk Syarikat, Technology Resources Industries Berhad (“TRI”) telah menyempurnakan rancangan penstrukturan semula yang merangkumi: i. Terbitan saham terhad sebanyak 153,685,000 saham baru biasa berharga RM1 setiap satu dalam TRI dengan harga terbitan RM1.75 sesaham (dengan enam bulan larangan penjualan saham atas perpindahan) dan 320,149,000 saham baru biasa berharga RM1 setiap satu dalam TRI dengan harga terbitan RM1.93 sesaham (tanpa larangan perpindahan). Terbitan hak sebanyak 754,907,661 saham baru biasa berharga RM1 setiap satu dalam TRI dengan harga terbitan RM1 setiap satu kepada pemegang saham TRI (kecuali pemegang saham terbitan terhad seperti yang dirujuk di atas) atas dasar satu saham baru bagi setiap satu saham biasa yang dimiliki.

ii.

iii. Bayaran awal, penebusan dan perlepasan oleh TRI bagi setiap satu yang berikut: – USD200,000,000 Bon Kadar Boleh Ubah Matang 2002 yang telah distruktur semula – USD175,000,000 Bon Kadar Boleh Ubah Matang 2002 yang telah distruktur semula – RM50,000,000 overdraf dan kemudahan kredit pusingan dengan Danaharta Urus Sdn. Bhd. Penyelesaian kemudahan-kemudahan di atas telah dibiayai oleh dana daripada terbitan saham terhad dan terbitan hak sebagaimana dinyatakan di atas serta dengan penggunaan pinjaman kemudahan-kemudahan baru berikut oleh Syarikat: – RM1,100,000,000 Bon Al-Bai Bithaman Ajil – RM100,000,000 Surat-surat Perdagangan Al-Murabahah – RM650,000,000 Pinjaman Berjangka Bersindiket iv. Syarikat telah menukar statusnya dari syarikat persendirian liabiliti terhad kepada syarikat awam liabiliti terhad dan dengan itu telah menukar namanya dari Celcom (Malaysia) Sdn. Bhd. kepada Celcom (Malaysia) Berhad. v. Syarikat telah meningkatkan modal saham diterbit dan dibayar sepenuhnya daripada RM500,000,000 kepada RM1,983,649,322 dengan menerbitkan 1,483,649,322 saham biasa bernilai RM1 sesaham harga tara, dengan cara memodalkan pendahuluan daripada TRI berjumlah RM1,483,649,322.

vi. TRI telah melaksanakan pembayaran modal dengan membatalkan seluruh modal saham diterbit dan dibayar sepenuhnya melibatkan 1,983,649,322 saham biasa berharga RM1 setiap satu dan mengagihkan kepada pemegang sahamnya, seluruh kepentingannya dalam modal saham diterbit dan dibayar sepenuhnya sebanyak 1,983,649,322 saham biasa RM1 setiap satu dalam Syarikat, atas dasar satu saham bagi setiap saham TRI yang dimiliki. Serentak dengan itu, 1,000 saham tidak tersenarai TRI berharga RM1 setiap satu telah diterbitkan dan diperuntukkan kepada Syarikat. Dengan itu, TRI telah menjadi subsidiari milik penuh Syarikat, status penyenaraian TRI telah dipindahkan kepada Syarikat, dan seluruh modal saham diterbit dan dibayar sepenuhnya Syarikat telah disenarai dan dicatat pada Papan Utama Bursa Saham Kuala Lumpur. 2. Dasar-dasar Perakaunan Penting a. Asas Penyediaan Penyata kewangan Kumpulan dan Syarikat telah disediakan menurut kelaziman kos sejarah kecuali untuk penilaian semula tanah dan bangunan tertentu dan mematuhi peruntukan Akta Syarikat 1965 dan Piawaian Perakaunan berkenaan yang diluluskan di Malaysia. Skim penstrukturan semula yang disempurnakan pada tahun kewangan semasa telah memenuhi syarat untuk dianggap sebagai “pengorganisasian semula dalaman” seperti yang dihuraikan didalam Lembaga Piawaian Perakaunan Malaysia (“MASB”) Piawaian 21: Kombinasi Perniagaan. Justeru itu, Kumpulan telah mengaplikasikan prinsip perakaunan percantuman dimana Kumpulan yang telah distruktur semula dipersembahkan seolah-olah ia berkuatkuasa di sepanjang tempoh yang diliputi oleh penyata kewangan, yakni efektif daripada 31 Disember 2000. Kesannya adalah seperti yang dinyatakan di Nota 34.

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Tambahan lagi, penyata kewangan juga meliputi kesan daripada pelarasan tahun lepas untuk tujuan pembelian loji dan peralatan pada tahun-tahun terdahulu, atas penemuan dokumen-dokumen yang dipalsukan. Pelarasan tahun terdahulu adalah seperti yang dirujuk dalam Nota 27, dan kesannya adalah seperti yang dinyatakan dalam Nota 34. b. Asas Penyatuan i. Subsidiari-subsidiari Penyata kewangan disatukan termasuk penyata kewangan Syarikat dan kesemua subsidiarinya. Subsidiari-subsidiari adalah syarikat-syarikat di mana Kumpulan mempunyai kepentingan ekuiti jangka panjang dan di mana ia mempunyai kuasa untuk melaksanakan kawalan terhadap polisi-polisi kewangan dan operasi untuk memperolehi manfaat dari aktiviti-aktiviti syarikat-syarikat tersebut. Semua subsidiari disatukan dengan menggunakan kaedah perakaunan pengambilan kecuali subsidiari-subsidiari yang diperolehi hasil daripada pengorganisasian semula dalaman seperti yang dirujuk di Nota 1 di mana prinsip perakaunan percantuman telah digunakan. Apabila perakaunan percantuman digunakan, kos pelaburan dalam buku Syarikat direkodkan pada nilai nominal saham terbitan dan perbezaan diantara nilai bawa pelaburan dan nilai nominal saham yang diambilalih diklasifikasikan sebagai rizab percantuman atau defisit percantuman. Keputusan kewangan syarikat-syarikat yang digabungkan dimasukkan ke dalam penyata kewangan seolah-olah penggabungan tersebut telah efektif sepanjang tahun semasa dan tahun-tahun kewangan sebelumnya. Apabila perkaunan pengambilan digunakan, keputusan syarikat-syarikat yang diambilalih atau dilupuskan di dalam tahun kewangan dimasukkan ke penyata kewangan disatukan dari tarikh berkuatkuasa pengambilalihan atau sehingga tarikh berkuatkuasa pelupusan. Aset-aset dan liabiliti-liabiliti syarikat subsidiari dinilai pada nilai saksama pada tarikh pengambilalihan dan nilai ini digambarkan dalam lembaran imbangan disatukan. Perbezaan antara kos pegambilalihan dan nilai saksama aset bersih bahagian Kumpulan ke atas subsidiari yang diambilalih pada tarikh pengambilalihan dimasukkan dalam lembaran imbangan disatukan sebagai muhibah atas penyatuan. Urusniaga, baki dan hasil laba belum terealisasi di antara syarikat telah dihapuskan semasa penyatuan dan penyata kewangan disatukan hanya menggambarkan urusniaga dengan pihak ketiga sahaja. Kerugian belum terealisasi telah dihapuskan semasa penyatuan kecuali jika kos tersebut tidak dapat diambilkira kembali. Laba atau kerugian atas penjualan subsidiari adalah perbezaan diantara penerimaan penjualan bersih dengan aset bersih bahagian Kumpulan berserta dengan sebarang baki muhibah yang belum dilunaskan dan perbezaan pertukaran yang tidak diiktiraf sebelumnya dalam penyata pendapatan disatukan. Kepentingan minoriti dinilai mengikut nilai saksama selepas pengambilalihan bahagian minoriti bagi aset dikenalpasti dan liabiliti dikenalpasti syarikat yang diambilalih. ii. Syarikat-syarikat Bersekutu Syarikat-syarikat bersekutu adalah syarikat-syarikat dimana Kumpulan mempunyai kepentingan ekuiti jangka panjang dan dimana ia mempunyai pengaruh ketara ke atas dasar-dasar kewangan dan operasi syarikat tersebut tetapi tanpa menguasai dasar-dasar tersebut. Pelaburan dalam syarikat bersekutu diambil kira dalam penyata kewangan disatukan menggunakan kaedah perakaunan ekuiti yang berdasarkan penyata kewangan pengurusan syarikat bersekutu yang tidak diaudit atau penyata kewangan yang telah diaudit syarikat bersekutu. Berdasarkan kaedah perakaunan ekuiti, bahagian Kumpulan di dalam keuntungan tolak kerugian syarikat-syarikat bersekutu di sepanjang tahun kewangan dirakamkan ke penyata pendapatan disatukan. Kepentingan Kumpulan di dalam syarikat-syarikat bersekutu dibawa ke lembaran imbangan disatukan pada kos dicampur keuntungan atau kerugian terkumpul dan lain-lain rizab bahagian Kumpulan yang timbul selepas pembelian. Keuntungan belum terealisasi untuk urusniaga-urusniaga antara Kumpulan dan syarikat-syarikat bersekutu telah dihapuskan setakat kepentingan Kumpulan dalam syarikat-syarikat bersekutu tersebut. Kerugian belum terealisasi telah dihapuskan melainkan kos tersebut tidak dapat diambilkira kembali.

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c.

Pengiktirafan Pendapatan Pendapatan diiktiraf apabila kemungkinan manfaat ekonomi berkaitan dengan urusniaga tersebut akan berpindah kepada Syarikat dan nilai pendapatan boleh dianggarkan dengan pasti seperti berikut: i. Pendapatan daripada perkhidmatan telefon mudah alih, rangkaian tetap, perkhidmatan antara operator dan lain-lain perkhidmatan berasaskan rangkaian diiktiraf berdasarkan kepada tahap trafik sebenar selepas rebat /diskaun. ii. Pendapatan yang berkaitan dengan kad telefon prabayar ditunda dan diiktiraf sebagai pendapatan berdasarkan penggunaan sebenar kad selepas cukai perkhidmatan dan diskaun. iii. Pendapatan faedah termasuk faedah daripada bank-bank berlesen, syarikat kewangan dan institusi-institusi kewangan yang lain dan diiktiraf secara asas akruan. iv. Semua pendapatan lain diiktiraf selepas rebat / diskaun setelah perkhidmatan dilaksanakan atau penjualan barangan, iaitu apabila proses pemindahan risiko dan pulangan telah selesai.

d.

Muhibah Muhibah mewakili lebihan kos pengambilalihan berbanding kepentingan Kumpulan dalam nilai saksama aset dan liabiliti dikenalpasti subsidiari-subsidiari dan syarikat-syarikat bersekutu pada tarikh pengambilalihan. Di mana wujud tanda-tanda rosotnilai, nilai dibawa muhibah dikaji semula, dan sekiranya didapati melebihi nilai pemulihan, akan dikurangkan nilainya serta-merta ke nilai yang boleh diperolehi.

e.

Pelaburan i. Subsidiari-subsidiari dan Syarikat-syarikat Bersekutu Pelaburan Syarikat di dalam subsidiari-subsidiari dan syarikat-syarikat bersekutu dinyatakan pada kos ditolak sebarang kerugian rosotnilai di dalam penyata pendapatan Syarikat. Di mana wujud tanda-tanda rosotnilai, nilai bawa pelaburan dikaji semula, dan sekiranya didapati melebihi nilai yang boleh diperolehi, akan dikurangkan nilainya serta-merta ke nilai yang boleh diperolehi. Semasa penjualan pelaburan, perbezaan di antara penerimaan bersih daripada penjualan dan nilai dibawa dicajkan atau dikreditkan ke penyata pendapatan. ii. Lain-lain Pelaburan Tak Semasa Pelaburan tak semasa selain daripada pelaburan dalam subsidiari-subsidiari dan syarikat-syarikat bersekutu dinyatakan pada kos ditolak sebarang peruntukan rosotnilai tetap. Peruntukan tersebut dibuat apabila terdapat kurangan bukan sementara nilai pelaburan dan diiktiraf sebagai perbelanjaan di dalam tahun di mana kurangan tersebut berlaku. Semasa penjualan pelaburan, perbezaan diantara perolehan bersih daripada penjualan dan nilai buku dicajkan atau dikreditkan ke penyata pendapatan. iii. Sekuriti Dipasarkan Sekuriti dipasarkan dibawa pada nilai terendah diantara kos dan nilai pasaran, ditentukan secara agregat. Kos ditentukan mengikut asas berat purata sementara nilai pasaran ditentukan berdasarkan nilai pasaran yang disenaraikan. Sebarang peningkatan dan penurunan dalam nilai dibawa sekuriti dipasarkan akan dikreditkan atau dicajkan ke penyata pendapatan. Semasa panjualan sekuriti dipasarkan, beza nilai jualan bersih dan nilai dibawa dicajkan atau dikreditkan ke penyata pendapatan.

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f.

Matawang Asing i. Urusniaga Matawang Asing Urusniaga dalam mata wang asing pada mulanya akan dicatatkan dalam Ringgit Malaysia pada kadar pertukaran yang berkuatkuasa pada tarikh urusniaga. Pada setiap tarikh lembaran imbangan, butiran matawang asing bersifat kewangan telah diterjemahkan kepada Ringgit Malaysia pada kadar pertukaran yang berkuatkuasa pada tarikh tersebut. Butiran tidak bersifat kewangan yang dibawa pada kos sejarah diterjemahkan menggunakan kadar sejarah pada tarikh pengambilalihan dan butiran tidak bersifat kewangan yang dibawa pada nilai saksama diterjemahkan menggunakan kadar pertukaran yang wujud semasa nilainya ditentukan. Semua perbezaan pertukaran dibawa ke penyata pendapatan. ii. Entiti-entiti Asing Penyata kewangan subsidiari-subsidiari asing diterjemahkan pada kadar pertukaran akhir tahun untuk aset-aset dan liabiliti-liabiliti, dan pada kadar pertukaran pada tarikh urusniaga untuk penyata pendapatan. Semua perbezaan pertukaran yang timbul akan dimasukkan ke dalam rizab pertukaran asing di dalam dana pemegang saham. Muhibah dan pelarasan nilai saksama yang timbul dari pengambilalihan entiti asing dianggap sebagai aset dan liabiliti Kumpulan dan diterjemahkan pada kadar pertukaran pada tarikh urusniaga. Kadar pertukaran utama yang digunakan bagi setiap unit mata wang asing yang berkuatkuasa pada tarikh lembaran imbangan adalah seperti berikut:
2002 RM

2001 RM 3.80 4.86 4.00 64.13 0.46 -

Dolar Amerika Syarikat (USD) Hak Pengeluaran Khas (HPK) Syiling Tanzania (Tshs ‘000) Taka Bangladesh (Taka ‘000) Yuan Renmimbi Cina (RMB) Rial Iran (Rial ‘000) g.

3.80 5.17 3.94 64.95 0.46 0.48

Hartanah, Loji dan Peralatan dan Susutnilai Hartanah, loji dan peralatan dinyatakan pada kos atau nilaian ditolak susutnilai terkumpul dan kerugian rosotnilai. Tanah dan bangunan sebuah subsidiari tidak dinilai semula sejak ianya pertama kali dinilai semula pada tahun 1988. Para pengarah tidak menggunakan dasar penilaian semula berterusan untuk aset-aset tersebut. Sebagaimana yang dibenarkan di bawah peruntukan peralihan MASB 15 : Hartanah, Loji dan Peralatan, aset-aset ini akan terus dinyatakan pada penilaian 1988 ditolak susutnilai terkumpul. Tanah milikbebas dan modal kerja separa siap tidak disusutnilaikan. Tanah pegangpajak masing-masing disusutnilai sepanjang jangkamasa pajakan yang menjangkau dari 21 tahun ke 99 tahun. Susutnilai bagi lain-lain hartanah, loji dan peralatan diperuntukkan mengikut kaedah garis lurus untuk menghapuskira kos setiap aset kepada nilai sisa sepanjang anggaran hayat kegunaan mengikut kadar tahunan seperti berikut: Bangunan Rangkaian dan peralatan telekomunikasi Perabot, kelengkapan, peralatan dan pengubahsuaian Kenderaan bermotor 2% 5% – 20% 10% – 33 1/3% 20%

Dimana wujud tanda-tanda rosotnilai pada kategori-kategori asset, nilai dibawa kategori-kategori aset dikaji semula, dan sekiranya didapati melebihi nilai pemulihan, akan dikurangkan nilainya serta-merta ke nilai pemulihan. Pada pelupusan sesuatu hartanah, loji dan peralatan, perbezaan diantara hasil pelupusan bersih dan nilai dibawa dicajkan atau dikreditkan ke penyata pendapatan.

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h.

Inventori Inventori terdiri terutamanya kad-kad prabayar dan lain-lain peralatan telekomunikasi yang berkaitan dinyatakan pada harga terendah di antara kos dan nilai boleh realisasi bersih. Kos termasuk kos sebenar bahan mentah dan kos iringan untuk membawa inventori ke lokasi dan keadaan semasa, dan ditentukan mengikut kos asas berat purata. Nilai boleh direalisasi bersih mewakili anggaran harga jualan tolak semua kos untuk penyiapan dan anggaran kos yang akan dikenakan untuk pemasaran, jualan dan pengedaran. Pajakan Pajakan diiktiraf sebagai pajakan kewangan jika ia memindahkan kepada Kumpulan semua risiko dan manfaat akibat daripada hakmilik. Semua pajakan lain digolongkan sebagai pajakan operasi. i. Pajakan kewangan Aset yang diperolehi secara sewa beli atau pajakan kewangan dinyatakan pada nilai setara dengan nilai terendah antara nilai saksama dan nilai semasa pembayaran pajakan minima pada permulaan pajakan, ditolak susutnilai terkumpul dan kerugian rosotnilai. Liabiliti sepadan dinyatakan dalam lembaran imbangan sebagai pinjaman. Dalam pengiraan nilai semasa pembayaran pajakan minima, faktor diskaun yang digunakan ialah kadar faedah yang terkandung di dalam pajakan bila ia boleh ditentukan secara praktikal; jika tidak, kadar pinjaman faedah inkrimental Syarikat digunakan. Bayaran pajakan diagihkan di antara kos kewangan dan pengurangan baki liabiliti. Kos kewangan, yang mewakili perbezaan diantara keseluruhan komitmen pajakan dan nilai saksama aset diambilalih, dicajkan ke penyata pendapatan di sepanjang penggal pajakan berkenaan untuk menghasilkan kadar faedah berkala yang tetap atas baki tanggungan untuk setiap tempoh akaun. Dasar susutnilai bagi aset pajakan adalah konsisten dengan susutnilai hartanah, loji dan peralatan seperti yang diterangkan dalam Nota 2(g). ii. Pajakan operasi Pajakan aset yang memindahkan semua risiko dan manfaat akibat daripada hakmilik kepada pemilik diklasifikasikan sebagai pajakan operasi. Pembayaran pajakan operasi dicajkan ke penyata pendapatan mengikut kaedah garis lurus sepanjang tempoh pajakan tersebut.

i.

j.

Rancangan Caruman Tetap Caruman Kumpulan dan Syarikat ke dalam Kumpulan Wang Simpanan Pekerja dicajkan ke penyata pendapatan pada tahun kewangan yang berkenaan. Cukai Tertunda Perbelanjaan cukai tahunan adalah berdasarkan keuntungan tahun kewangan, diselaraskan untuk tujuan cukai, termasuk cukai tertunda dicajkan atau dikreditkan. Cukai tertunda diperuntukkan menurut kaedah liabiliti untuk semua perbezaan masa kecuali di mana terdapat bukti yang munasabah bahawa perbezaan masa tersebut tidak akan berbalik pada masa hadapan. Faedah cukai tertunda hanya akan diiktiraf apabila terdapat jangkaan munasabah untuk direalisasi di masa hadapan.

k.

l.

Pendapatan Tertunda Pendapatan tertunda terdiri daripada: i. Baki masa perbualan dan yuran laluan berhubung dengan kad-kad prabayar yang dijual kepada pelanggan. Pendapatan tersebut akan diiktiraf sebagai pendapatan setelah pelanggan menggunakan masa perbualan dan hak laluan tersebut. Nilai bil-bil pendahuluan yang dibuat kepada pelanggan-pelanggan berhubung dengan sewa rangkaian gentian optik. Pendapatan tersebut akan diktiraf sebagai pendapatan secara sistematik sepanjang tempoh bil-bil pendahuluan.

ii.

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m. Tunai dan Setara Tunai Bagi tujuan penyata aliran tunai, tunai dan setara tunai termasuk tunai di tangan dan di bank dan deposit boleh panggil dan pelaburan jangka pendek berkecairan tinggi dengan risiko perubahan nilai yang rendah, ditolak baki overdraf bank tidak berbayar. Deposit yang dicagarkan untuk pinjaman bertempoh sesetengah syarikat-syarikat bersekutu tidak termasuk sebagai tunai dan setara tunai. n. Peruntukan untuk Liabiliti Peruntukan liabiliti diiktiraf apabila Kumpulan dan Syarikat mempunyai tanggungjawab yang timbul daripada peristiwa lalu dan kemungkinan terdapat aliran keluar manfaat ekonomi untuk menyelesaikan tanggungjawab tersebut dan jumlah anggaran yang munasabah boleh dibuat. Peruntukan dikaji semula pada setiap tarikh lembaran imbangan dan diselaraskan untuk menggambarkan anggaran semasa yang terbaik. Di mana kesan nilai masa wang adalah ketara, jumlah peruntukan adalah perbelanjaan yang dijangka perlu untuk menjelaskan tanggungjawab tersebut pada nilai sekarang. Peruntukan untuk kos penstrukturan semula akan diiktiraf apabila Kumpulan mempunyai rancangan rasmi yang terperinci untuk penstrukturan semula tersebut dan pihak-pihak yang terlibat telah dimaklumkan. o. Instrumen-instrumen Kewangan Instrumen-instrumen kewangan diiktiraf di lembaran imbangan apabila Kumpulan telah menjadi pihak dalam perjanjian kontrak untuk peruntukan instrumen tersebut. Instrumen kewangan adalah digolongkan sebagai liabiliti atau ekuiti menurut dasar dalam perjanjian kontrak. Kaedah pengiktirafan yang digunakan untuk instrumen-instrumen kewangan yang diiktiraf di dalam lembaran imbangan dinyatakan pada dasar-dasar perakaunan secara individu berkaitan dengan setiap instrumen. Kumpulan menggunakan instrumen kewangan derivatif untuk melindungi nilai, akibat pendedahan kepada risiko pertukaran asing dari aktiviti pembiayaan. Menurut dasar perbendaharaannya, Kumpulan tidak memegang atau menerbitkan instrumen kewangan derivatif untuk tujuan perdagangan. Dalam menaksir nilai instrumen kewangan, Kumpulan merujuk kepada nilai pasaran dagangan atau mengaplikasikan kaedah aliran tunai terdiskaun untuk mendiskaun aliran tunai masa depan untuk menentukan nilai saksama. Nilai saksama bagi liabiliti kewangan dianggarkan dengan mendiskaun aliran tunai masa depan dengan menggunakan kadar faedah pasaran semasa yang boleh diperolehi oleh Kumpulan. Nilai saksama bagi aset-aset dan liabiliti-liabiliti kewangan yang mempunyai kematangan kurang daripada setahun dianggap setara dengan nilai dibawa bersih mereka. p. Penghutang Perdagangan dan Lain-lain Penghutang Penghutang perdagangan dibawa pada nilai yang dijangka boleh direalisasi. Hutang lapuk dihapuskira apabila dikenalpasti. Anggaran dibuat bagi hutang ragu berdasarkan penelitian yang dibuat ke atas semua baki yang belum dijelaskan pada tarikh lembaran imbangan. q. Pinjaman Berfaedah Pinjaman berfaedah bank dan overdraf direkodkan pada nilai yang diterima, tolak kos-kos urusniaga. Kos-kos pinjaman dicajkan ke penyata pendapatan sebagai perbelanjaan dalam tempoh akruan. r. Modal Saham Saham biasa dengan dividen tidak tetap diklasifikasikan sebagai ekuiti. Kos untuk menerbitkan sekuriti ekuiti berhubung dengan kombinasi perniagaan dimasukkan ke dalam kos pengambilalihan. Kos berkaitan dengan penerbitan sekuriti ekuiti untuk tujuan lain dikira sebagai kurangan daripada ekuiti selepas cukai. Pengagihan dividen atas saham biasa diiktiraf didalam ekuiti di dalam tempoh ianya diisytiharkan.

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3.

Pendapatan Pendapatan Kumpulan dan Syarikat terdiri daripada berikut: KUMPULAN 2002
RM’000

SYARIKAT 2002
RM’000

2001 RM’000 2,482,447 58,257 5,822 12,239 2,558,765

2001 RM’000 2,450,390 44,069 5,965 2,500,424

Telekomunikasi: Mudah alih Tetap Bukan Telekomunikasi: Pendapatan faedah Lain-lain 3,970 9,605 2,400,810 2,331 2,397,461 2,341,773 45,462 2,349,668 45,462

4.

Lain-lain Pendapatan Termasuk dalam lain-lain pendapatan adalah seperti berikut: KUMPULAN 2002
RM’000

SYARIKAT 2002
RM’000

2001 RM’000 4,767 1,195 270 158 12,498 -

2001 RM’000 600 12,082 -

Diskaun atas bayaran awal untuk pinjaman (Nota 7) Laba atas pelupusan subsidiari (Nota 7) Hutang lapuk pulih semula Peruntukan hutang ragu dimasukkan semula Pendapatan sewa Laba atas pelupusan loji dan peralatan Laba bersih atas pertukaran asing – terealisasi 212,690 4,063 55 104 4,063 371

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5.

Perbelanjaan Operasi Perbelanjaan operasi Kumpulan dan Syarikat terdiri daripada berikut: KUMPULAN 2002
RM’000

SYARIKAT 2002
RM’000

2001 RM’000 260,657 223,998 4,941 217,629 3,840 311,298 59,444 5,534 43,307 32,918

2001 RM’000 338,077 237,286 191,121 202,344 306,443 63,263 4,608 25,307 32,551

Kos penyambungan Caj gelombang mikro Kos pekerja* Ganjaran para pengarah (Nota 6) Bayaran kepada bekas pengarah-pengarah eksekutif (Nota 7) Peruntukan pendahuluan kepada TRI (Nota 7) Kos penstrukturan semula (Nota 7) Peruntukan hutang ragu: – penghutang perdagangan – lain-lain penghutang Kos pemasaran, pengiklanan dan promosi Sewa premis Sewa kenderaan bermotor dan peralatan Sumbangan “Universal Service Provision / Obligation” Kos inventori Yuran audit: Yuran audit berkanun – juruaudit Syarikat – lain-lain juruaudit Lain-lain Perkhidmatan – juruaudit Syarikat Yuran pengurusan Loji dan peralatan dihapuskira (Nota 7) Peruntukan kerugian rosotnilai (Nota 7) Kerugian pertukaran asing tak terealisasi (Nota 7) Muhibah dihapuskira (Nota 7) Peruntukan kerugian dijangka (Nota 7) Peruntukan rosotnilai kekal dalam pelaburan Rosotnilai pelaburan dalam saham tercatat Rugi atas pelupusan loji dan peralatan Lain-lain belanja operasi

308,867 235,284 4,436 55,826 70,536 73,179 10,242 340,101 69,228 5,752 51,423 32,051

335,206 100,636 221,651 451 44,790 39,123 73,111 9,024 339,529 75,542 5,625 43,923 31,951

451 1,770 78,866 81,518 190 724 111 401,406 1,821,961

471 98 1,639 1,812 18,356 1,280 67,246 306 3,341 361,704 1,619,819

325 1,017 1,800 76,269 81,518 456 337,829 1,819,776

250 755 2,400 24 246 272,280 1,676,955

Termasuk dalam kos pekerja adalah kos untuk “rancangan perasionalan tenaga kerja” seperti yang dinyatakan di Nota 7. Bilangan kakitangan dalam Kumpulan dan Syarikat pada akhir tahun kewangan masing-masing adalah seramai 2,404 (2001: 4,660) and 2,210 (2001: 4,000) orang.

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6.

Ganjaran Para Pengarah KUMPULAN 2002
RM’000

SYARIKAT 2002
RM’000

2001 RM’000

2001 RM’000

Pengarah Syarikat pada 31 Disember 2002 Eksekutif: Gaji Yuran Elaun Manfaat barangan 298 5 2 19 324 Bukan Eksekutif: Yuran Elaun Manfaat barangan 446 90 13 549 Bekas Pengarah Syarikat dan TRI Eksekutif: Gaji Elaun Bonus Manfaat barangan 1,576 731 1,118 37 3,462 Bukan Eksekutif: Yuran khidmat nasihat Yuran Elaun Manfaat barangan 3,472 613 507 80 4,672 57 57 98 1 9 108 149 60 6 215 -

130 27 13 7 177

190 41 11 8 250

130 13 7 150

-

Lain-lain pengarah: Bukan eksekutif: Yuran Jumlah Analisa tanpa manfaat barangan: Jumlah ganjaran para pengarah eksekutif tidak termasuk manfaat barangan Jumlah ganjaran para pengarah bukan eksekutif tidak termasuk manfaat barangan Jumlah ganjaran para pengarah tidak termasuk manfaat barangan 3,730 706 4,436 4,592 349 4,941 99 352 451 4,512 50 5,029 473 -

Ganjaran para pengarah Kumpulan termasuk ganjaran para pengarah TRI sebelum penyempurnaan pengorganisasian semula dalaman dan pengambilalihan status penyenaraian TRI oleh Syarikat. Amaun-amaun di atas tidak termasuk bayaran yang dibuat kepada bekas para pengarah eksekutif TRI yang dipertikaikan oleh Kumpulan seperti yang dinyatakan di Nota 7 dan Nota 32.

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7.

Butiran Luarjangka Termasuk dalam lain-lain pendapatan operasi dan perbelanjaan operasi Kumpulan dan Syarikat adalah butiran-butiran luarjangka Kumpulan dan Syarikat seperti berikut: KUMPULAN 2002
RM’000

SYARIKAT 2002
RM’000

2001 RM’000 4,767

2001 RM’000 600

Termasuk dalam lain-lain pendapatan operasi: Diskaun atas bayaran awal pinjaman (Nota a) Laba dari pelupusan subsidiari Termasuk dalam perbelanjaan operasi: Kos perasionalan tenaga kerja (Nota b) Bayaran kepada bekas para pengarah eksekutif (Nota c) Peruntukan pendahuluan kepada TRI Kos penstrukturan semula (Nota d) Kerugian pertukaran asing tak terealisasi Muhibah dihapuskira Peruntukan kerugian dijangka (Nota e) Peruntukan kerugian rosotnilai (Nota f) Hapuskira loji dan peralatan (Nota g) (55,826) (70,536) (81,518) (78,866) (166,129) a. (18,356) (1,280) (67,246) (82,115) (44,790) (39,123) (81,518) (76,269) (326,584) 600 (92,073) (84,884) 212,690 -

Diskaun tersebut timbul dari penebusan awal Bon Kadar Boleh Ubah TRI dan pinjaman Danaharta seperti yang dinyatakan dalam Nota 1 dan Nota 18.

b.

Termasuk dalam kos pekerja Kumpulan adalah kos untuk rancangan penyelarasan tenaga kerja seperti yang dinyatakan di Nota 32, yang telah dilaksanakan dalam tahun kewangan.

c.

Bayaran kepada bekas para pengarah eksekutif telah dibuat oleh TRI kepada sesetengah pengarahnya. Kumpulan telah mempertikaikan kesahihan bayaran-bayaran tersebut, dan tindakan undang-undang untuk memperoleh kembali amaun-amaun daripada bekas pengarah-pengarah tersebut telah pun dimulakan seperti yang dinyatakan di Nota 32.

d.

Kos penstrukturan semula telah dikenakan berhubung dengan pembiayaan semula Kemudahan Kredit Pelbagai Struktur (“MSF”) Syarikat dan pinjaman jangka panjang seperti yang dinyatakan di Nota 1.

e.

Peruntukan untuk kerugian dijangka yang dibuat pada tahun lepas berkait dengan peruntukan untuk jangkaan kerugian dan hapuskira berhubung dengan pelaburan TRI dalam TRI Telecommunication Tanzania Limited.

f.

Peruntukan untuk kerugian rosotnilai berkait dengan penurunan nilai sesetengah kelas loji dan peralatan kepada anggaran amaun yang boleh diperolehi, berdasarkan satu penilaian semasa yang dibuat ke atas anggaran hayat kegunaaan rangkaian analog dan talian tetap, termasuk amaun yang berhubung dengan modal kerja separa siap (lihat Nota 11). Amaun-amaun yang boleh diperolehi ditentukan berdasarkan nilai kini anggaran aliran tunai masa depan oleh kelas-kelas loji dan peralatan yang terbabit, dimana ini dianggap sebagai nilai dalam kegunaan aset-aset tersebut. Kadar yang digunakan untuk mendiskaun anggaran aliran tunai masa depan adalah 5%.

g.

Dalam tahun kewangan, Kumpulan telah melaksanakan pemeriksaan fizikal untuk mengenalpasti peralatan yang usang dan rosak dan seterusnya telah menghapuskira aset-aset tersebut.

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8.

Kos Kewangan, Bersih KUMPULAN 2002
RM’000

SYARIKAT 2002
RM’000

2001 RM’000

2001 RM’000

Keuntungan terbayar atas sekuriti Hutang Swasta Islam Perbelanjaan atas faedah: – Pinjaman-pinjaman – Lain-lain 92,685 727 160,114 Pendapatan faedah daripada: – Deposit – Subsidiari-subsidiari (9,505) 150,609 (7,740) 307,921 (7,904) (8,418) 137,317 (5,888) (21,016) 196,370 314,635 1,026 315,661 86,268 669 153,639 222,411 863 223,274 66,702 66,702 -

9.

Cukai KUMPULAN 2002
RM’000

SYARIKAT 2002
RM’000

2001 RM’000 1,844 352 15,893 18,089 4,740 22,829

2001 RM’000 -

Perbelanjaan cukai tahun semasa: Cukai pendapatan Malaysia Cukai asing Cukai tertunda (Nota 23) 11,879 (105,739) (93,860) Perbelanjaan cukai bagi tahun-tahun lepas: Cukai pendapatan Malaysia (37,139) (130,999) (15,350) (162,794) (147,444) (147,444)

Caj cukai Kumpulan masih wujud walaupun mengalami kerugian, disebabkan ketiadaan pelepasan kumpulan untuk keuntungan yang dibuat oleh sesetengah subsidiari. KUMPULAN 2002
RM’000

SYARIKAT 2002
RM’000

2001 RM’000

2001 RM’000

Kerugian Cukai dan Elaun Modal: Penjimatan cukai diiktiraf dalam tahun semasa hasil dari: Penggunaan kerugian cukai tahun semasa Penggunaan kerugian cukai yang di bawa dari tahun-tahun lepas Kerugian cukai belum guna di bawa ke depan Elaun modal belum guna di bawa ke depan 14,725 70,533 1,820,111 7,140 83,521 1,669,407 1,820,111 1,652,239 85 -

Kerugian cukai dan elaun modal belum guna yang dibawa ke depan adalah tertakluk kepada persetujuan daripada Lembaga Hasil Dalam Negeri.

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10. Perolehan / (Kerugian) Sesaham a. Asas Perolehan / (kerugian) sesaham asas dihitung dengan membahagikan keuntungan /(kerugian) bersih yang boleh diagihkan kepada para pemegang saham dengan bilangan purata wajaran saham biasa yang diterbitkan sepanjang tahun kewangan semasa.
KUMPULAN 2002

2001 (62,200) 1,983,649 (3.1)

Keuntungan / (kerugian) bersih yang boleh diagihkan kepada para pemegang saham (RM’000) Purata saham biasa yang diterbitkan (‘000) Perolehan / (kerugian) sesaham asas (sen) 32,931 1,983,649 1.7

Kerugian sesaham asas untuk tahun kewangan berakhir 31 Disember 2001 telah dinyatakan semula untuk mengambilkira kesan retrospektif perkara-perkara berikut: i. ii. Pelarasan tahun lepas seperti yang dihuraikan di Nota 27; dan Penerbitan 1,483,649,322 saham biasa berharga RM1 setiap satu harga tara dengan cara permodalan baki antara syarikat seperti yang dinyatakan di Nota 1. b Tercair Perolehan / (kerugian) sesaham cair tidak dinyatakan dalam penyata kewangan oleh kerana tiada saham biasa yang mempunyai potensi kecairan.

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11. Hartanah, Loji dan Peralatan
Perabot, kelengkapan dan peralatan, kenderaan Rangkaian bermotor teledan komunikasi pengdan Bangunan ubahsuaian peralatan RM’000 RM’000 RM’000

Kumpulan

Tanah Tanah pegangan pegangan bebas pajakan RM’000 RM’000

Modal kerja separa siap RM’000

Jumlah RM’000

Kos/Penilaian Pada 1 Januari 2002 seperti dinyatakan sebelum ini Perakaunan percantuman untuk pengorganisasian semula dalaman Pelarasan tahun lepas (Nota 27) Pada 1 Januari 2002 dinyatakan semula Tambahan Pemindahan Penghapuskiraan Pemindahan kepada pelaburan dalam dan pendahuluan kepada syarikat bersekutu Pelupusan Pembatalan penyatuan subsidiari Pada 31 Disember 2002 Mewakili: Pada kos Pada nilaian 7,102 19,746 86,964 566,231 6,050,430 562,526 7,292,999

1,787 8,889 -

4,689 24,435 1,072 -

412 87,376 -

20,616 586,847 83,309 (1,351)

198,707 (259,315) 5,989,822 43,131 485,619 (174,225)

5,279 567,805 140,370 (485,619) (2,598)

231,490 (259,315) 7,265,174 267,882 (178,174)

8,889

25,507

(4,703) 82,673

(14,580) (10,446) 643,779

(35,050) (213,464) 6,095,833

(5,284) 214,674

(35,050) (14,580) (233,897) 7,071,355

7,102 1,787 8,889

25,507 25,507

82,367 306 82,673

643,779 643,779

6,095,833 6,095,833

214,674 214,674

7,069,262 2,093 7,071,355

Susutnilai Terkumpul dan Kerugian Rosotnilai Pada 1 Januari 2002 seperti dinyatakan sebelum ini Perakaunan percantuman untuk pengorganisasian semula dalaman Pelarasan tahun lepas (Nota 27) Pada 1 Januari 2002 dinyatakan semula Caj susutnilai untuk tahun semasa Penghapuskiraan Pemindahan kepada pelaburan dalam dan pendahuluan kepada syarikat bersekutu Pelupusan Pembatalan penyatuan subsidiari Kerugian rosotnilai (Nota 7) Pada 31 Disember 2002 1,565 5,684 345,222 2,685,705 3,038,176

-

462 2,027 345 -

107 5,791 1,745 -

15,357 360,579 72,175 (1,152)

66,910 (48,321) 2,704,294 685,105 (98,156)

-

82,836 (48,321) 3,072,691 759,370 (99,308)

-

2,372

(477) 7,059

(9,561) (5,869) 416,172

(2,921) (68,088) 48,327 3,268,561

33,191 33,191

(2,921) (9,561) (74,434) 81,518 3,727,355

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Kumpulan

Tanah Tanah pegangan pegangan bebas pajakan RM’000 RM’000

Perabot, kelengkapan dan peralatan, kenderaan Rangkaian bermotor teledan komunikasi pengdan Bangunan ubahsuaian peralatan RM’000 RM’000 RM’000

Modal kerja separa siap RM’000

Jumlah RM’000

Nilai Buku Bersih Pada 31 Disember 2002 Pada kos Pada nilaian 7,102 1,787 8,889 Pada 31 Disember 2001 dinyatakan semula Pada kos Pada nilaian 23,135 23,135 75,316 298 75,614 227,607 227,607 2,827,272 2,827,272 181,483 181,483 3,341,915 2,085 3,344,000

7,102 1,787 8,889

22,408 22,408

81,279 306 81,585

226,268 226,268

3,285,528 3,285,528

567,805 567,805

4,190,390 2,093 4,192,483

Pada 31 Disember 2001 seperti dinyatakan sebelum ini Pada kos Susutnilai Tahun berakhir 31 Disember 2001 Seperti dinyatakan sebelum ini Dinyatakan semula

7,102

18,181

81,280

221,009

3,364,725

562,526

4,254,823

-

422 599

1,671 1,680

70,670 73,161

622,631 615,212

-

695,394 690,652

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Syarikat

Tanah Tanah pegangan pegangan bebas pajakan RM’000 RM’000

Perabot, kelengkapan dan peralatan, kenderaan Rangkaian bermotor teledan komunikasi pengdan Bangunan ubahsuaian peralatan RM’000 RM’000 RM’000

Modal kerja separa siap RM’000

Jumlah RM’000

Kos Pada 1 Januari 2002 seperti dinyatakan sebelum ini Pelarasan tahun lepas (Nota 27) Pada 1 Januari 2002 dinyatakan semula Tambahan Pemindahan Pindahan dari subsidiari Pemindahan kepada pelaburan dalam dan pendahuluan kepada syarikat bersekutu Penghapuskiraan Pelupusan Pada 31 Disember 2002 Susutnilai Terkumpul dan Kerugian Rosotnilai Pada 1 Januari 2002 seperti dinyatakan sebelum ini Pelarasan tahun lepas (Nota 27) Pada1 Januari 2002 dinyatakan semula Caj susutnilai untuk tahun semasa Pindahan dari subsidiari Pemindahan kepada pelaburan dalam dan pendahuluan kepada syarikat bersekutu Pelupusan Penghapuskiraan Kerugian rosotnilai (Nota 7) Pada 31 Disember 2002 Nilai Buku Bersih Pada 31 Disember 2002 Pada 31 Disember 2001 Dinyatakan semula Seperti dinyatakan sebelum ini 367 3,320 3,543 220,158 2,778,062 173,284 3,178,734 406 406 66 408 408 81 327,549 327,549 71,848 7,143 2,181,332 (48,321) 2,133,011 631,382 474,666 2,509,695 (48,321) 2,461,374 703,377 481,809 367 367 3,792 3,792 4,032 4,032 537,182 537,182 87,377 7,147 4,627,171 (259,315) 4,367,856 37,845 478,360 1,289,586 264,908 264,908 137,207 (478,360) 282,720 5,437,452 (259,315) 5,178,137 262,429 1,579,453

367

3,792

4,032

(1,351) (12,718) 617,637

(35,050) (174,225) 5,964,372

206,475

(35,050) (175,576) (12,718) 6,796,675

-

472

489

(7,909) (1,152) 397,479

(2,921) (98,155) 48,327 3,186,310

33,191 33,191

(2,921) (7,909) (99,307) 81,518 3,617,941

367 367

3,386 3,386

3,624 3,624

209,633 209,633

2,234,845 2,445,839

264,908 264,908

2,716,763 2,927,757

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Syarikat

Tanah Tanah pegangan pegangan bebas pajakan RM’000 RM’000

Perabot, kelengkapan dan peralatan, kenderaan Rangkaian bermotor teledan komunikasi pengdan Bangunan ubahsuaian peralatan RM’000 RM’000 RM’000

Modal kerja separa siap RM’000

Jumlah RM’000

Susutnilai Pada 31 Disember 2001 Dinyatakan semula Seperti dinyatakan sebelum ini a. 85 85 136 136 68,993 68,993 512,310 487,988 581,524 557,202

Butiran lanjut mengenai penilaian profesional bebas bagi tanah pegangan bebas dan bangunan milik Kumpulan pada 31 Disember 2002 adalah seperti berikut:
Tahun Penilaian Keterangan Hartanah Penilaian RM’000 Asas Penilaian

1988

Tanah pegangan milikbebas dan bangunan di Jalan Ampang, Kuala Lumpur

2,200

Nilai pasaran terbuka

Sekiranya tanah pegangan bebas dan bangunan dinilai semula pada kos sejarah ditolak susutnilai terkumpul, nilai buku bersih bagi pegangan bebas dan bangunan yang akan dinyatakan di dalam penyata kewangan Kumpulan pada 31 Disember 2002 adalah RM3,259,000 (2001: RM3,296,000). b. Termasuk dalam tanah pegangan pajakan dan bangunan Kumpulan dan Syarikat adalah tanah pegangan pajakan dengan tempoh pajakan 50 tahun atau lebih dengan nilai dibawa masing-masing sebanyak RM17,969,000 (2001: RM18,172,000) dan RM2,762,000 (2001: RM2,797,000). c. Nilai buku bersih bagi loji dan peralatan yang dimiliki secara sewabeli dan pajakan kewangan adalah seperti berikut: KUMPULAN 2002
RM’000

SYARIKAT 2002
RM’000

2001 RM’000 63,596 10,782 2,208 76,586

2001 RM’000 41,094 10,782 2,208 54,084

Rangkaian telekomunikasi dan peralatan Perabot, kelengkapan dan peralatan Kenderaan bermotor

53,663 1,669 569 55,901

37,414 1,669 569 39,652

d.

Pada tahun semasa, Kumpulan dan Syarikat telah membeli hartanah, loji dan peralatan dengan kos berjumlah RM267,882,000 (2001: RM743,524,000) dan RM262,429,000 (2001: RM577,255,000) dan RM Nil (2001: RM14,013,000) dan RM Nil (2001: RM11,547,000) masing-masing melalui perjanjian pajakan kewangan.

e.

Termasuk dalam hartanah, loji dan peralatan Kumpulan dan Syarikat adalah aset-aset yang telah disusutnilai sepenuhnya yang masih digunakan dengan kos masing-masing berjumlah RM717,211,000 (2001: RM458,262,000) dan RM704,235,000 (2001: RM449,851,000).

f.

Hartanah, loji dan peralatan Syarikat yang dicagar kepada institusi kewangan untuk pinjaman-pinjaman bank adalah seperti yang dirujuk di Nota 18(a).

[ 178 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

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12. Pelaburan KUMPULAN 2002
RM’000

SYARIKAT 2002
RM’000

2001 RM’000 73,838 241 74,079

2001 RM’000 27,000 15,000 42,000

Subsidiari (Nota a) Syarikat Bersekutu (Nota b) Lain-lain pelaburan (Nota c)

101,378

101,378

27,001 15,000 42,001

a.

Pelaburan dalam Subsidiari SYARIKAT 2002
RM’000

2001 RM’000 29,083 (2,083) 27,000

Di Malaysia: Saham tidak tercatat, pada kos Tolak: Kerugian rosotnilai terkumpul

29,084 (2,083) 27,001

Butiran-butiran mengenai subsidiari-subsidiari adalah seperti yang dinyatakan di Nota 25. b. Pelaburan dalam Syarikat Bersekutu KUMPULAN 2002
RM’000

SYARIKAT 2002
RM’000

2001 RM’000 40,780 40,780 33,058 73,838

2001 RM’000 15,000 15,000 15,000

Di Malaysia: Saham tidak tercatat, pada kos Luar Malaysia: Saham tidak tercatat, pada kos Perkongsian dalam rizab selepas pengambilalihan

40,780 34,386 75,166 26,212 101,378

15,000 15,000 15,000

Diwakili oleh: Perkongsian aset bersih Muhibah dari pengambilalihan

96,244 5,134 101,378

73,838 73,838

Kumpulan telah menyisihkan amaun yang sepatutnya telah dikira berhubung dengan perkongsian kerugian selepas cukai syarikat-syarikat bersekutu berjumlah RM13,208,000 (2001: RM Nil) dari penyata kewangan berikutan terhentinya perakaunan ekuiti untuk keputusan kewangan syarikat-syarikat tersebut disebabkan nilai bawa pelaburan-pelaburan tersebut telah terhakis sepenuhnya. Kumpulan tidak mempunyai kewajipan untuk membiayai kerugian-kerugian tersebut. Butiran-butiran mengenai syarikat-syarikat bersekutu adalah seperti yang dinyatakan di Nota 26.

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[ 179 ]

c.

Lain-lain Pelaburan Tak Semasa KUMPULAN 2002
RM’000

SYARIKAT 2002
RM’000

2001 RM’000 1,113 1,533 2,646 (2,405) 241

2001 RM’000 833 833 (833) -

Saham tidak tercatat, pada kos: Di Malaysia Luar Malaysia 1,113 11,644 12,757 Peruntukan untuk rosotnilai kekal (12,757) 833 833 (833) -

13. Muhibah atas Penyatuan KUMPULAN 2002
RM’000

2001 RM’000 5,134 5,134 5,134

Pada 1 Januari seperti yang laporkan sebelum ini Kesan daripada perakaunan percantuman untuk pengorganisasian semula dalaman Pada 1 Januari dinyatakan semula Pengelasan semula kepada pelaburan dalam syarikat bersekutu Pada 31 Disember

5,134 5,134 (5,134) -

Ini mewakili muhibah sebelum ini yang pernah dimasukkan kedalam penyata kewangan disatukan TRI. 14. Inventori KUMPULAN 2002
RM’000

SYARIKAT 2002
RM’000

2001 RM’000 18,124 7,963 26,087

2001 RM’000 17,095 308 17,403

Pada kos: Kad recaj dan SIM Lain-lain peralatan telekomunikasi 5,216 5,216 5,220 5,220

Kos inventori yang dianggap sebagai perbelanjaan dalam tahun kewangan semasa Kumpulan dan Syarikat masing-masing berjumlah RM32,051,000 (2001: RM32,918,000) dan RM31,951,000 (2001: RM32,551,000).

[ 180 ]

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15. Penghutang-penghutang KUMPULAN 2002
RM’000

SYARIKAT 2002
RM’000

2001 RM’000 747,360 (463,798) 283,562 40,262 15,240 12,210 2,409 558 184,730 20,409 275,818 (191,222) 84,596 368,158

2001 RM’000 664,833 (423,273) 241,560 409,594 29,329 10,002 558 2,224 451,707 (60,755) 390,952 632,512

Penghutang perdagangan Tolak: Peruntukan hutang ragu

738,736 (514,347) 224,389

714,923 (493,563) 221,360 202,638 19,389 35,349 7,262 558 2,984 268,180 (121,500) 146,680 368,040

Hutang daripada subsidiari Hutang daripada syarikat bersekutu Deposit Belanja terdahulu Cukai pulih semula Faedah belum terima Deposit untuk perolehan hartanah Hutang daripada bekas para pengarah eksekutif TRI (Nota 7) Dana yang ditempatkan dengan pihak ketiga Lain-lain penghutang

145,728 37,858 7,265 12,200 557 558 55,826 184,730 16,494 461,216

Tolak: Peruntukan hutang ragu (388,271) 72,945 297,334

Tempoh syarat kredit perdagangan biasa Kumpulan adalah daripada 30 hingga 60 hari. Lain-lain syarat kredit akan dinilai dan diluluskan mengikut asas kes ke kes. Selain dari amaun yang telah diperuntukkan, Kumpulan tidak mempunyai tumpuan risiko kredit yang ketara yang mungkin timbul daripada pendedahan kepada seorang penghutang atau kepada sekumpulan penghutang. Termasuk dalam amaun hutang daripada subsidiari adalah pendahuluan tak bercagar berjumlah RM93,794,000 (2001: RM353,657,000) dengan kadar faedah efektif purata sebanyak 5.70% (2001: 7.58%) setahun. Tiada syarat pembayaran balik tetap untuk pendahuluan ini. Baki jumlah hutang daripada subsidiari-subsidiari adalah tidak bercagar, tanpa faedah dan tiada syarat pembayaran balik tetap.

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[ 181 ]

Jumlah hutang daripada syarikat bersekutu merangkumi: KUMPULAN 2002
RM’000

SYARIKAT 2002
RM’000

2001 RM’000 -

2001 RM’000 -

Sheba Telecom (Pvt.) Ltd TRI Telecommunication Tanzania Limited Mobile Telecommunications Company of Esfahan (J.V. - P.J.S)

4,650 124,352 16,726 145,728

2,663 16,726 19,389 (2,663) 16,726

Tolak: Peruntukan hutang ragu (124,352) 21,376

Jumlah hutang daripada syarikat-syarikat bersekutu adalah tidak bercagar, tanpa faedah dan tiada syarat pembayaran balik tetap. Termasuk dalam deposit Kumpulan dan Syarikat adalah amaun sebanyak RM2,488,000 (2001: RM2,494,000) yang dibayar kepada Technology Resources Properties Sdn. Bhd., sebuah syarikat dimana seorang bekas pengarah, Tan Sri Dato’ Tajudin bin Ramli mempunyai kepentingan. Dana yang ditempatkan dengan pihak ketiga merujuk kepada penempatan oleh sebuah subsidairi, Rego Multi-Trades Sdn. Bhd. dengan Aras Capital Sdn. Bhd. untuk tujuan pelaburan. Amaun tersebut telah diperuntukkan sepenuhnya sebagai hutang ragu dalam tahun kewangan berakhir 31 Disember 1999. 16. Sekuriti Dipasarkan KUMPULAN 2002
RM’000

2001 RM’000 2,868

Pada harga terendah kos dan nilai pasaran: Saham tercatat di Malaysia 2,144

Sekuriti dipasarkan di atas dinyatakan pada nilai pasaran pada 31 Disember 2002. Termasuk dalam sekuriti dipasarkan adalah kos saham dan waran yang dipegang dalam Naluri Berhad, sebuah syarikat di mana seorang bekas pengarah Syarikat, Tan Sri Dato’ Tajudin bin Ramli mempunyai kepentingan, masing-masing berjumlah RM3,605,000 (2001: RM3,605,000) and RM294,000 (2001: RM294,000).

[ 182 ]

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17. Wang Tunai dan Baki Bank KUMPULAN 2002
RM’000

SYARIKAT 2002
RM’000

2001 RM’000 242 56,286 56,528 118,796 8,363 193,711 377,398

2001 RM’000 225 36,437 36,662 100 190,971 227,733

Wang tunai di tangan Wang tunai di bank Deposit tetap dengan: Bank berlesen Institusi kewangan lain Simpanan jangkapendek dengan: Bank berlesen Institusi kewangan lain

219 35,119 35,338 60,478 65,036 272,296 218,684 651,832

211 27,826 28,037 100 65,036 270,313 218,684 582,170

Kadar faedah purata berwajaran dalam tahun kewangan semasa dan purata kematangan deposit dan penempatan pada 31 Disember 2002 adalah seperti berikut:
Kadar faedah purata berwajaran (%) Kumpulan Syarikat Purata kematangan (hari) Kumpulan Syarikat

Bank berlesen Institusi kewangan lain

2.2% 2.7%

2.7% 2.7%

31 26

20 26

Institusi kewangan lain adalah bank saudagar dan rumah diskaun di Malaysia. Termasuk dalam deposit tetap adalah jumlah yang dicagar sebagai sekuriti untuk kemudahan bank yang diberikan kepada syarikat-syarikat bersekutu berikut:
Jumlah dicagar RM’000 2002 Pinjaman belum jelas RM’000

Jumlah dicagar RM’000 56,589 61,209 117,798

2001 Pinjaman belum jelas RM’000 49,356 69,235 118,591

Sheba Telecom (Pvt.) Ltd. TRI Telecommunication Tanzania Limited

59,628 59,628

55,730 7,492 63,222

Termasuk dalam simpanan jangkapendek Kumpulan dan Syarikat adalah sejumlah RM60,124,000 (2001: RM Nil), dana yang disediakan untuk pembayaran balik prinsipal dan faedah dibawah syarat-syarat peminjaman yang dilaksanakan dalam tahun kewangan semasa seperti yang disebut di Nota 18. Penyesuaian kepada tunai dan setara tunai di dalam penyata aliran tunai: KUMPULAN 2002
RM’000

SYARIKAT 2002
RM’000

2001 RM’000 377,398 (6,576) (117,798) 253,024

2001 RM’000 227,733 227,733

Wang tunai dan baki di bank Tolak: Overdraf bank (Nota 18) Deposit tetap yang dicagar Tunai dan setara tunai

651,832 (59,628) 592,204

582,170 582,170

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18. Pinjaman KUMPULAN 2002
RM’000

SYARIKAT 2002
RM’000

2001 RM’000

2001 RM’000

Pinjaman Jangka Pendek Bercagar Overdraf bank Pinjaman jangka panjang berbayar dalam tempoh dua belas bulan Sewabeli dan pajakan kewangan (Nota 19) 112,500 13,133 125,633 Tak bercagar Overdraf bank 125,633 Pinjaman Jangka Panjang: a. Pembiayaan Syarat Baru Surat-surat Perdagangan Al-Murabahah Bon Al-Bai Bithaman Ajil Pinjaman berjangka RM bersindiket kadar terapung b. Kemudahan Kredit Pelbagai Struktur (“MSF”) Bon Kadar Terapung Bon Kadar Tetap Pinjaman berjangka USD kadar terapung Tanggungan berpusing terjamin kadar terapung Pemiutang jangka panjang c. d. e. f. Pinjaman Taka berjangka kadar terapung Pinjaman berjangka USD kadar terapung Pinjaman Danaharta Bon kadar boleh ubah 1,850,000 Sewabeli dan pajakan kewangan (Nota 19) 16,152 1,866,152 Tolak: Berbayar dalam tempoh satu tahun (125,633) 1,740,519 (2,651,121) 1,189,256 (120,366) 1,740,314 (476,007) 1,109,431 146,250 536,360 44,900 69,326 45,619 2,081,284 3,794,130 46,247 3,840,377 1,850,000 10,680 1,860,680 146,250 536,360 1,553,001 32,437 1,585,438 315,000 139,219 416,172 315,000 139,219 416,172 650,000 650,000 100,000 1,100,000 100,000 1,100,000 2,120 2,657,697 120,366 476,007 2,619,370 31,751 2,655,577 112,500 7,866 120,366 452,593 23,414 476,007 4,456 -

[ 184 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

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Tarikh matang pinjaman (tidak termasuk sewa beli dan pajakan kewangan berbayar): KUMPULAN 2002
RM’000

SYARIKAT 2002
RM’000

2001 RM’000 96,245 50,624 37,969 184,838

2001 RM’000 50,626 50,624 37,969 139,219

Pinjaman Kadar Tetap Dalam tempoh satu tahun Lebih dari satu tahun dan kurang dari dua tahun Lebih dari dua tahun dan kurang dari lima tahun Lima tahun atau lebih 900,000 200,000 1,100,000 Pinjaman Kadar Terapung Dalam tempoh satu tahun Lebih dari satu tahun dan kurang dari dua tahun Lebih dari dua tahun dan kurang dari lima tahun Lima tahun atau lebih 112,500 262,500 375,000 750,000 Jumlah Pinjaman Dalam tempoh satu tahun Lebih dari satu tahun dan kurang dari dua tahun Lebih dari dua tahun dan kurang dari lima tahun Lima tahun atau lebih 112,500 262,500 1,275,000 200,000 1,850,000 2,619,370 675,761 498,999 3,794,130 112,500 262,500 1,275,000 200,000 1,850,000 452,593 641,161 459,247 1,553,001 2,523,125 625,137 461,030 3,609,292 112,500 262,500 375,000 750,000 401,967 590,537 421,278 1,413,782 900,000 200,000 1,100,000

Kadar faedah efektif sepanjang tahun kewangan untuk pinjaman (kecuali sewa-beli dan pajakan kewangan berbayar), adalah seperti berikut: KUMPULAN 2002
%

SYARIKAT 2002
%

2001 % 6.0 9.5 6.9 5.8 8.0 11.8 9.7 6.9 7.9

2001 % 6.0 9.5 6.9 5.8 8.0 -

Surat-surat Perdagangan Al-Murabahah Bon Al-Bai Bithaman Ajil Pinjaman berjangka RM bersindiket kadar terapung Bon kadar terapung Bon kadar tetap Pinjaman berjangka USD kadar terapung Tanggungan berpusing terjamin kadar terapung Pemiutang jangka panjang Pinjaman Taka berjangka kadar terapung Pinjaman berjangka USD kadar terapung Pinjaman Danaharta Bon kadar boleh ubah

3.6 7.9 5.6 6.2 9.5 4.5 6.3 4.9 10.8 10.6 6.9 5.9

3.6 7.9 5.6 6.2 9.5 4.5 6.3 4.9 -

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[ 185 ]

a.

Dalam tahun kewangan, Syarikat telah menerbitkan RM1.85 bilion Pembiayaan Berjangka Baru merangkumi Sekuriti Hutang Swasta Islam dan pinjaman berjangka bersindiket masing-masing berjumlah RM1.2 bilion dan RM650 juta untuk tujuan pembiayaan semula kemudahan kredit dibawah MSF. Sekuriti Hutang Swasta Islam meliputi Bon Al-Bai Bithaman Ajil (“Bon”) dan Surat-surat Perdagangan Al-Murabahah masing-masing berjumlah RM1.1 billion dan RM100 juta. Tempoh pemegangan Bon adalah diantara tiga hingga enam tahun dari tarikh terbitan dan bon-bon tersebut membawa kadar keuntungan yang telah ditetapkan dibawah prinsip Syariah iaitu diantara 7.00% hingga 8.50% setahun. Pembayaran balik adalah menerusi ansuran separuh tahunan dari tarikh terbitan masing-masing. Bon-bon tersebut didagangkan tanpa skrip dibawah “Real Time Electronic Transfer of Funds and Securities” yang dioperasikan dan diurus oleh Bank Negara Malaysia. Surat-surat Perdagangan Al-Murabahah dan pinjaman berjangka bersindiket perlu dibayar balik pada tarikh matang masing-masing iaitu diantara 2003 hingga 2007. Kemudahan Pembiayaan Berjangka Baru dicagar melalui sandaran tetap dan sandaran terapung keatas aset Syarikat termasuk tetapi tidak terhad kepada saham subsidiari-subsidiari milik penuh, yang akan dilepaskan sekiranya nisbah pinjaman (“gearing”) Kumpulan jatuh bawah 1.0. Syarikat juga disyaratkan untuk mendeposit sebahagian daripada lebihan aliran tunainya ke dalam akaun bank yang ditetapkan dari mana dana hanya boleh digunakan untuk pembayaran balik nilai pokok dan faedah atas pinjaman ini seperti ynag dinyatakan di Nota 17. Kemudahan-kemudahan ini memerlukan Kumpulan untuk memelihara nisbah khidmat kewangan minima, nisbah pendapatan belum faedah, cukai, susutnilai dan pelunasan (“EBITDA”) kepada belanja kewangan kasar minima, menghadkan hutang kepada nisbah EBITDA dan menghadkan nisbah pinjaman.

b.

MSF telah dicagar ke atas aliran tunai Syarikat dan subsidiarinya dan perlaksanaan Surat Ikatan Subordinat daripada bekas syarikat induknya, TRI. Seperti dinyatakan di Nota 1 dalam tahun kewangan semasa, Syarikat telah menebus seluruh MSF dengan hasil pendapatan daripada Sekuriti Hutang Swasta Islam dan pinjaman berjangka bersindiket RM kadar terapung seperti yang dihuraikan di (a) diatas. Pinjaman Taka berjangka kadar terapung telah dikeluarkan kepada bekas subsidiari, Sheba Telecom (Pvt.) Ltd. dan dicagarkan ke atas deposit tetap yang ditempatkan oleh TRI seperti yang dinyatakan di Nota 17. Pembayaran balik adalah menerusi enam ansuran separuh tahunan bermula Mei 2003. Pinjaman USD kadar terapung telah dikeluarkan kepada bekas subsidiari, TRI Telecommunication Tanzania Limited (“Tritel”) dan dicagarkan ke atas deposit tetap seperti yang didedahkan dalam Nota 17 dan jaminan korporat yang diberikan oleh TRI. Dalam tahun kewangan semasa, Tritel telah dihantar notis mungkir dari bank. Sehubungan itu, seluruh deposit tetap yang dicagar telah digunakan untuk pembayaran balik pinjaman. Kumpulan menggunakan sebahagian dari peruntukan kerugian dijangka yang dibuat pada tahun lepas untuk menyerap kerugian yang ditanggung akibat ini, seperti yang dinyatakan dalam Nota 7 dan Nota 20. Pinjaman Danaharta dicagarkan atas syarat-syarat sama dan bertaraf parri passu Bon Kadar Boleh Ubah seperti yang disebutkan pada (f) di bawah. Seperti yang dinyatakan di Nota 1, Syarikat telah membayar seluruh pinjaman tersebut di dalam tahun kewangan semasa. Pada 23 November, 2000, Syarikat telah memasuki rancangan penstrukturan semula hutang dan telah menandatangani Surat Ikatan Amanah yang disatukan dan dinyatakan semula dengan pemegang-pemegang Bon USD375,000,000 boleh tukar yang diterbitkan dalam tahun 1994 untuk menangguhkan pembayaran dan menyemak semula syarat-syarat dan peraturan-peraturan yang dikenakan keatas bon (dirujuk sebagai “Bon”). Penstrukturan semula tersebut juga melibatkan pinjaman Danaharta yang disebut di (e) dan bertaraf parri-passu dengan bon yang distruktur semula. Di bawah perjanjian penstrukturan semula hutang, bon-bon tersebut matang pada 29 Mei 2002 dan kadar faedahnya adalah pada LIBOR ditambah 3.75% setahun. Bon yang telah distruktur semula telah dicagar keatas caj taraf pertama yang melibatkan 49% kepentingan ekuiti TRI di dalam Celcom. Tambahan juga, sijil-sijil saham untuk baki 51% kepentingan ekuiti yang sebelum ini di pegang oleh TRI dalam Syarikat telah ditempatkan dengan Pemegang Amanah Sekuriti mengikut Perjanjian Kuncian Saham bertarikh 21 Jun 2001. Pada 16 April 2002, TRI telah membayar dahulu dan menebus segala hutang tertunggaknya dibawah Pinjaman Bon dan Danaharta pada diskaun sebanyak RM212,690,000 seperti yang dinyatakan di Nota 7.

c.

d.

e.

f.

[ 186 ]

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19. Sewa Beli dan Pajakan Kewangan Berbayar KUMPULAN 2002
RM’000

SYARIKAT 2002
RM’000

2001 RM’000 35,593 14,167 2,130 51,890 (5,643) 46,247

2001 RM’000 25,521 7,570 2,130 35,221 (2,784) 32,437

Pembayaran minima pajakan: Tidak lebih dari satu tahun Lebih dari satu tahun dan tidak lebih dua tahun Lebih dari dua tahun dan tidak lebih lima tahun Tolak: Kos kewangan hadapan Nilai semasa liabiliti pajakan kewangan Nilai semasa liabiliti pajakan kewangan: Tidak lebih dari satu tahun Lebih dari satu tahun dan tidak lebih dua tahun Lebih dari dua tahun dan tidak lebih lima tahun 13,133 3,019 16,152 Dianalisa sebagai: Perlu dibayar dalam dua belas bulan (Nota 18) Perlu dibayar selepas dua belas bulan (Nota 18) 13,133 3,019 16,152 31,751 14,496 46,247 7,866 2,814 10,680 23,414 9,023 32,437 31,751 12,486 2,010 46,247 7,866 2,814 10,680 23,414 7,013 2,010 32,437 14,720 3,132 17,852 (1,700) 16,152 8,428 2,884 11,312 (632) 10,680

Sewa beli dan pajakan kewangan menanggung faedah di sepanjang tahun di antara 5.4% hingga 10.0% (2001: 5.4% hingga 10.0%) setahun. 20. Pemiutang KUMPULAN 2002
RM’000

SYARIKAT 2002
RM’000

2001 RM’000 13,721 33,653 136,194 97,436 53,934 119,671 122,619 3,349 67,246 333,718 981,541

2001 RM’000 4,349 1,042,000 591,551 259,316 66,492 91,233 53,498 97,699 66,128 160,489 2,432,755

Pemiutang perdagangan Hutang kepada TRI: – berfaedah – tanpa faedah Hutang kepada Rego Multi-Trades Sdn. Bhd. Hutang kepada syarikat bersekutu Pembekal rangkaian dan peralatan telekomunikasi Deposit pelanggan Pendapatan tertunda Perbelanjaan terakru Duti dan lain-lain cukai berbayar Kos kewangan belum bayar Peruntukan untuk kerugian dijangka (Nota 7) Lain-lain pemiutang

36,193 13,666 124,222 120,553 136,807 113,368 67,212 25,701 6,370 192,147 836,239

34,681 3,938 10,214 94,496 120,542 136,465 101,363 66,931 25,701 145,739 740,070

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LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 187 ]

Pendahuluan berfaedah daripada TRI berjumlah RM Nil (2001: RM1,042,000,000), mempunyai kadar faedah sebanyak 8.50% (2001: 8.50%) setahun. Pendahuluan tanpa faedah daripada TRI adalah tidak dicagar dan tidak mempunyai syarat pembayaran yang tetap. Dalam tahun semasa, baki hutang kepada TRI berjumlah RM1,483,649,322 telah dipermodalkan untuk menerbitkan saham baru biasa berharga RM1 setiap satu dalam Syarikat. Ini merupakan salah satu langkah dalam pengorganisasian semula dalaman Kumpulan yang dihuraikan di Nota 1. Di dalam tahun semasa, Syarikat telah membayar sepenuhnya pendahuluan dari Rego Multi-Trades Sdn. Bhd., sebuah subsidiari TRI, berjumlah RM259,316,000. Peruntukan kerugian dijangka yang dibuat melibatkan peruntukan untuk anggaran kerugian yang akan ditanggung oleh Kumpulan berhubung dengan pelaburan dalam TRI Telecommunication Tanzania Limited (“Tritel”). Sejumlah RM60,876,000 daripada peruntukan itu digunakan dalam tahun ini untuk menyerap kerugian yang ditanggung akibat deposit tetap yang dicagar oleh TRI untuk pinjaman Tritel yang digunakan untuk mengurangkan baki pinjaman Tritel seperti yang dinyatakan di Nota 18. Jumlah hutang kepada syarikat-syarikat bersekutu adalah seperti berikut: KUMPULAN 2002
RM’000

SYARIKAT 2002
RM’000

2001 RM’000 28,051 5,602 33,653

2001 RM’000 -

Celcom Timur (Sarawak) Sdn. Bhd. Fibrecomm Network (M) Sdn. Bhd.

10,214 3,452 13,666

10,214 10,214

Jumlah hutang kepada syarikat-syarikat subsidiari dan bersekutu adalah tidak bercagar, tanpa faedah dan tiada syarat pembayaran yang tetap. 21. Modal Saham
Bilang Saham Biasa RM1 Setiap Satu Jumlah

2002
RM’000

2001 RM’000 500,000 500,000

2002
RM’000

2001 RM’000 500,000 500,000

Dibenarkan: Pada 1 Januari Diwujudkan sepanjang tahun Pada 31 Disember Diterbitkan dan dibayar sepenuhnya: Pada 1 Januari Diterbitkan dan dibayar sepanjang tahun, harga tara Pada 31 Disember 1,483,649 1,983,649 500,000 1,483,649 1,983,649 500,000 500,000 500,000 500,000 500,000 500,000 3,500,000 4,000,000 500,000 3,500,000 4,000,000

[ 188 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Diperbadankan di Malaysia

22. Rizab KUMPULAN 2002
RM’000

SYARIKAT 2002
RM’000

2001 RM’000 2,184 903,707

2001 RM’000 -

Tidak boleh diagih: Rizab terjemahan asing Rizab modal Boleh diagih: Kerugian terkumpul

2,184 1,006,121

-

(1,564,937) (556,632)

(1,597,868) (691,977)

(1,143,841) (1,143,841)

(1,057,650) (1,057,650)

Pergerakan dalam bahagian rizab modal adalah seperti berikut:
Premium saham TRI RM’000 Perbezaan dalam modal berbayar RM’000 Lain-lain rizab modal RM’000

Jumlah RM’000

Pada 1 Januari 2001/ 2002 seperti yang dinyatakan sebelum ini Perakaunan percantuman untuk pengorganisasian semula dalaman Pada 1 Januari 2001/ 2002 dinyatakan semula Terbitan saham oleh TRI Permodalan pendahuluan dari TRI Pada 31 Disember,2002

648,712 648,712 357,322 1,006,034

254,908 254,908 1,228,741 (1,483,649) -

87 87 87

87 903,620 903,707 1,586,063 (1,483,649) 1,006,121

Pada akhir tahun kewangan yang lepas jumlah modal saham diterbit dan dibayar sepenuhnya Syarikat adalah RM500,000,000 manakala TRI berjumlah RM1,983,649,322. Dalam tahun semasa sebelum penyempurnaan Rancangan Penstrukturan Semula Kumpulan dan Pengorganisasian Semula Dalaman (lihat Nota 1), Syarikat telah menerbitkan RM1,483,649,322 saham biasa berharga RM1 setiap satu dengan memodalkan jumlah yang sama dengan pendahuluan yang sebelum ini diterima oleh TRI. Dengan mengaplikasikan kaedah perakaunan percantuman, angka-angka perbandingan di dalam penyata kewangan yang disatukan dinyatakan semula seolah-olah pengorganisasian semula dalaman itu berlaku pada tarikh paling awal penyediaan, iaitu 1 Januari 2001/ 31 Disember 2000. Walaupun demikian, transaksi sepanjang tahun kewangan seperti penambahan dalam modal saham yang dilaporkan sebelum ini dengan cara permodalan pendahuluan, tidak memberi kesan kepada modal saham yang dilaporkan sebelum ini. Oleh itu, terdapatnya perbezaan diantara amaun modal saham diterbit dan dibayar sepenuhnya yang dilaporkan sebelum ini dengan amaun yang dilaporkan sebagai modal saham diterbit dan di bayar sepenuhnya selepas penyempurnaan pengorganisasian semula dalaman. Perbezaan itu berjumlah RM254,908,000 pada 31 Disember 2001, dan meningkat sebanyak RM1,228,741,000 setelah selesainya penerbitan terhad dan hak TRI (lihat Nota 1) sebelum pengorganisasian semula dalaman. Peningkatan dalam modal saham diterbit dan di bayar sepenuhnya Syarikat kepada RM1,483,649,322 melalui permodalan pendahuluan (lihat diatas) telah distruktur untuk menyamakan modal saham diterbit dan dibayar sepenuhnya Syarikat dan TRI, sebelum berlakunya pengurangan modal TRI (lihat Nota 1) . Pengurangan modal TRI melibatkan agihan saham dibesarkan yang ia miliki dalam Syarikat sebagai ganjaran untuk pembatalan saham diterbit dan berbayarnya. Setelah pengorganisasian semula dalaman terlaksana, jumlah yang terkumpul akibat perbezaan dalam modal saham sebanyak RM1,483,649,322 (yang merangkumi penambahan dalam modal saham Syarikat) telah dihapuskan dan dikelas semula kepada modal saham diterbit dan dibayar sepenuhnya Syarikat.

Celcom (Malaysia) Berhad

(167469-A)

Diperbadankan di Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 189 ]

Premium saham TRI berjumlah RM1,006,034,000 masih belum di guna, dianggap sebagai rizab modal Kumpulan yang tidak boleh diagihkan di dalam penyata kewangan disatukan. Kerugian terkumpul disatukan Kumpulan termasuk, akibat daripada pengorganisasian semula dalaman dan aplikasi perakaunan percantuman, seluruh kerugian terkumpul disatukan TRI, yang mengandungi kerugian Syarikat dan subsidiari-subsidiarinya, diselaras untuk hapuskira muhibah di dalam Syarikat yang pernah dikira oleh TRI. Pelarasan dalam kerugian terkumpul disatukan dianalisa seperti berikut:
Pada 1 Januari

2002
RM’000

2001 RM’000 (883,389)

Kerugian terkumpul disatukan yang dilaporkan oleh TRI Tambah-balik: Kerugian terkumpul disatukan Syarikat yang telah dimasukkan Tolak: Muhibah di dalam Syarikat yang sebelum ini di kira oleh TRI Amaun yang di bawa ke kerugian terkumpul disatukan akibat perakaunan percantuman

(969,911)

285,291 (684,620) (416,963) (1,101,583)

408,099 (475,290) (416,963) (892,253)

23. Cukai Tertunda KUMPULAN 2002
RM’000

SYARIKAT 2002
RM’000

2001 RM’000 340,053 15,893 (11,858) 344,088

2001 RM’000 160,518 160,518

Pada 1 Januari Dipindahkan (kepada)/daripada penyata pendapatan (Nota 9) Pembatalan penyatuan subsidiari (Nota 25) Pada 31 Disember

344,088 (105,739) 238,349

160,518 (147,444) 13,074

Cukai tertunda yang diperuntukkan dalam penyata kewangan termasuk: Lebihan elaun modal keatas susutnilai Elaun modal tidak di guna Lain-lain perbezaan masa 747,980 (509,631) 238,349 981,665 (467,434) (170,143) 344,088 522,705 (509,631) 13,074 793,288 (462,627) (170,143) 160,518

Tertakluk kepada persetujuan daripada Lembaga Hasil Dalam Negeri, pada 31 Disember 2002, Kumpulan (selain dari Syarikat) mempunyai kerugian tidak di serap sebanyak RM70,533,000 (2001: RM83,521,000) yang kesan cukainya tidak dirakamkan kedalam penyata kewangan. Manfaat daripada kerugian cukai ini hanya akan diperolehi sekiranya subsidiari-subsidiari yang berkenaan mempunyai pendapatan boleh taksir yang cukup untuk menggunakan kerugian-kerugian tersebut. 24. Hutang kepada Subsidiari-subsidiari Jumlah hutang kepada susidiari-subsidiari yang diklasifikasikan sebagai liabiliti jangka panjang adalah tidak bercagar, tanpa faedah dan tidak dijangkakan akan di bayar dalam masa setahun.

[ 190 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Diperbadankan di Malaysia

25. Subsidiari-subsidiari a. Butiran subsidiari-subsidiari adalah seperti berikut:
Kepentingan Nama Syarikat Berkesan (%) 2002 Modal Berbayar RM Kegiatan Utama

2001 100

Celcom Transmission (M) Sdn. Bhd.

100

25,000,000

Perkhidmatan rangkaian penghantaran telekomunikasi

Alpha Canggih Sdn. Bhd. Celcom Technology (M) Sdn. Bhd.

100 100

100 100

2 2,000,000

Pelaburan hartanah Perkhidmatan telekomunikasi sampingan menerusi selular atau lain-lain bentuk rangkaian telekomunikasi dan peruntukan untuk perkhidmatan internet baru

Celcom Academy Sdn. Bhd.

100

100

3

Perkhidmatan yang berkaitan dengan latihan

CT Paging Sdn. Bhd. Masterpage Sdn. Bhd. Celcom Trunk Radio (M) Sdn. Bhd. CT Communication Sdn. Bhd. Firent Management Services Sdn. Bhd. Celcom Timur (Sabah) Sdn. Bhd.

100 100 100 100 100 60

100 100 100 100 100 60

500,000 2 10,000 10,000 4 500,000

Tidak aktif Tidak beroperasi Tidak beroperasi Tidak beroperasi Tidak beroperasi Perkhidmatan penghantaran rangkaian telekomunikasi

Celcom Cellular Business Sdn. Bhd. ^ Celcom Telecommunications Consulting Sdn. Bhd. ^ Celcom International Sdn. Bhd. ^ Celcom Wireless Data Sdn. Bhd. ^ Celpage Sdn. Bhd. ^ EG Ventures Sdn. Bhd. ^ Celcom Multimedia (Malaysia) Sdn. Bhd.

100

100

2

Tidak beroperasi

100 100 100 100 100 100

100 100 100 100 100 -

2 2 2 2 2 2

Tidak beroperasi Tidak beroperasi Tidak beroperasi Tidak beroperasi Tidak beroperasi Tidak beroperasi

Celcom (Malaysia) Berhad

(167469-A)

Diperbadankan di Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 191 ]

Kepentingan Nama Syarikat Berkesan (%) 2002

Modal Berbayar RM

Kegiatan Utama

2001 100

Technology Resources Industries Berhad #

100

1,000

Pemegangan pelaburan dan menyediakan perkhidmatan pengurusan

Alpine Resources Sdn. Bhd. # Rego Multi-Trades Sdn. Bhd. #

100 100

100 100

2,500,000 2,000,000

Pemegangan pelaburan Berurusan dalam sekuriti boleh pasar

Malaysian Motorhomes Sdn. Bhd. # Technology Resources Management Services Sdn. Bhd. # Freemantle Holdings (M) Sdn. Bhd. # Technology Resources Manufacturing Sdn. Bhd. # Technology Resources (Capital) Sdn. Bhd. ^ # TR Components Sdn. Bhd. # Aseania Plastics Sdn. Bhd. + Technology Resources (Group) Sdn. Bhd. ^ # Technology Resources (Nominees) Sdn. Bhd. # TR Communications Sdn. Bhd. ^ #

62.4

62.4

718,000

Tidak aktif

100 100

100 100

2 13,504,080~

Tidak aktif Pemegangan pelaburan

99.25

99.25

15,889,154

Tidak aktif

100 100 -

100 100 90

2 2 300,000

Tidak aktif Pemegangan pelaburan Tidak aktif

100

100

2

Tidak beroperasi

100 100

100 100

2 2

Tidak beroperasi Syarikat tidak beroperasi semenjak ianya ditubuhkan

TR Cruisers (M) Sdn. Bhd. ^ #

100

100

2

Syarikat tidak beroperasi semenjak ianya ditubuhkan

TR International Wireless Communications Sdn. Bhd. ^ # 100 100 2 Penyedian paging dan lain-lain perkhidmatan telekomunikasi. Syarikat tidak beroperasi semenjak ianya ditubuhkan

[ 192 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Diperbadankan di Malaysia

Kepentingan Nama Syarikat Berkesan (%) 2002

Modal Berbayar RM

Kegiatan Utama

2001 70

TRI Cellular Communications Cambodia Company + Tripoly Communication Technology Corporation Ltd. + TRI Telecommunication Tanzania Limited * (Penerima dan Pengurus dilantik pada 14 Januari 2003) TRI Telecommunication Zanzibar Limited +

-

USD3,000,000 (RM11,400,000)ψ

Berhenti beroperasi Perkhidmatan radio panggilan jauh Penyediaan perkhidmatan telekomunikasi

-

80

RMB5,787,878 (RM2,662,424)ψ

-

60

Shs2,350,500,000 (RM9,260,970)ψ

-

60

Shs50,000 (RM197)ψ

Penyediaan perkhidmatan telekomunikasi

TR International Limited # @

100

100

HK$2 (RM1)ψ

Pemegangan pelaburan Tidak beroperasi Penyediaan perkhidmatan telekomunikasi

Celcom Ventures (Malaysia) Sdn. Bhd. ^ # Sheba Telecom (Pvt.) Ltd. *

100 -

100 86.4

2 Taka327,966,000 (RM21,301,392)ψ

Kesemua subsidiari-subsidiari diperbadankan di Malaysia kecuali: Nama TR International Limited # TRI Telecommunication Tanzania Limited * TRI Telecommunication Zanzibar Limited + Sheba Telecom (Pvt.) Ltd. * TRI Cellular Communications Cambodia Company + Tripoly Communication Technology Corporation Ltd. + * + ^ # ~ ψ @ Diperbadankan di Hong Kong Republik Bersatu Tanzania Republik Bersatu Zanzibar Republik Rakyat Bangladesh Kemboja Republik Rakyat China

Dipindahkan kepada syarikat-syarikat bersekutu disebabkan kehilangan kuasa tetapi masih mempunyai pengaruh penting (Nota 26) Dipindahkan kepada pelaburan bukan semasa disebabkan oleh kehilangan kuasa dan pengaruh penting Dalam proses pembatalan pendaftaran di bawah Seksyen 308 Akta Syarikat 1965 Disatukan menggunakan kaedah perakaunan percantuman Merangkumi 10,204,080 saham biasa dan 3,300,000 saham keutamaan Ditranslasikan menggunakan kadar penutup pada 31 Disember 2002 Subsidiari yang diaudit oleh juruaudit selain dari Arthur Andersen & Co.

Celcom (Malaysia) Berhad

(167469-A)

Diperbadankan di Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 193 ]

b.

Penjualan subsidiari Dalam tahun berakhir 31 Disember, 2001 yang lepas, Kumpulan telah menjual subsidiarinya, Celcom Petro Network (M) Sdn. Bhd., dengan ganjaran tunai berjumlah RM600,000. Subsidiari tersebut terlibat dengan penyediaan perkhidmatan penghantaran rangkaian gentian optik. Kesan pelupusan ke atas hasil kewangan bagi tahun kewangan berakhir 31 Disember, 2001 oleh Kumpulan sehingga tarikh penjualan adalah seperti berikut:
1.1.2001 hingga 17.8.2001 RM’000

Pendapatan Perbelanjaan operasi Keuntungan daripada operasi Kos kewangan Keuntungan sebelum cukai Cukai Keuntungan selepas cukai

15,952 (10,575) 5,377 5,504 10,881 10,881

Ringkasan kesan penjualan subsidiari-subsidiari ke atas kedudukan kewangan Kumpulan adalah seperti berikut:
17.8.2001 RM’000

Aset bersih dijual: Hartanah, loji dan peralatan Penghutang Wang tunai dan baki di bank Pemiutang Sewabeli dan pemiutang pajakan Aset bersih Laba daripada pelupusan Jumlah balasan yang diterima daripada pelupusan Tolak: Tunai dan setara tunai atas subsidiari yang dijual Tunai bersih daripada penjualan kepentingan dalam subsidiari (4,215) (3,615) 85,023 6,916 4,215 (99,897) (424) (4,167) 4,767 600

[ 194 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Diperbadankan di Malaysia

c.

Pembatalan Penyatuan Subsidiari-subsidiari Syarikat memegang secara langsung atau tidak langsung melalui subsidiarinya lebih daripada separuh ekuiti dalam syarikat-syarikat berikut, yang oleh kerana ketiadaan kuasa, tidak lagi dianggap sebagai subsidiari:
Kepentingan Nama Syarikat Berkesan (%) 2002 Modal Berbayar RM Kegiatan Utama

Celcom Timur (Sarawak) Sdn. Bhd. (Nota i)

60

25,000,000

Perkhidmatan telekomunikasi

Sheba Telecom (Pvt.) Ltd. (“Sheba”) (Nota ii)

86.4

Taka327,966,000 (RM21,301,392)

Penyediaan perkhidmatan telekomunikasi

TRI Telecommunication Tanzania Limited (Penerima dan Pengurus di lantik pada 14 Januari 2003) (“Tritel”) (Nota ii) TRI Telecommunication Zanzibar Limited (Nota iii)

60

Shs2,350,500,000 (RM9,260,970)

Penyediaan perkhidmatan telekomunikasi

60

Shs50,000 (RM197)

Penyediaan perkhidmatan telekomunikasi

Tripoly Communication Technology Corporation Ltd. (Nota iii) TRI Cellular Communications Cambodia Company (Nota iii) Aseania Plastics Sdn. Bhd. (Nota iii)

80

RMB5,787,878 (RM2,662,424)

Perkhidmatan radio panggilan jauh Berhenti beroperasi

70

USD3,000,000 (RM11,400,000)

90

300,000

Tidak aktif

Penyata kewangan syarikat-syarikat atas tidak dilampirkan bersama-sama ini, seperti yang diperuntukkan oleh Akta Syarikat, 1965, kerana penyata kewangan tersebut tidak boleh didapati. i. Pada tahun kewangan yang lepas, Kumpulan telah mengubah klasifikasi pelaburannya dalam Celcom Timur (Sarawak) Sdn. Bhd. (“CTS”) kepada syarikat bersekutu berikutan ketidakupayaannya untuk melangsungkan mesyuarat-mesyuarat lembaga pengarah akibat pertikaian seperti yang di nyatakan di Nota 30. Disebabkan itu, Syarikat tidak dapat menggunakan kuasanya ke atas dasar kewangan dan pengendalian CTS. Dalam tahun kewangan semasa, Kumpulan telah kehilangan kuasa ke atas dasar kewangan dan pengendalian Tritel dan Sheba. Pengurusan semasa Kumpulan dan lembaga pengarahnya tidak diwakili di dalam lembaga pengarah syarikat-syarikat ini dan mesyuarat lembaga pengarah tidak dapat di langsungkan walaupun di minta berulang kali oleh Kumpulan. Pertikaian dengan pemegang-pemegang saham minoriti seperti yang dinyatakan di Nota 30, juga menghalang Syarikat untuk menggunakan kuasanya. Walaupun demikian, Kumpulan masih berupaya untuk menjalankan pengaruh penting ke atas pengendalian syarikat-syarikat ini melalui perlantikan pengurus-pengurus utama kakitangan, disebabkan oleh pertikaian belum selesai ini, penggunaan kuasa pengurusan itu tidak berkesan. Oleh yang demikian, syarikat-syarikat ini telah dikelas semula ke pelaburan dalam syarikat bersekutu dan keputusan kewangan mereka telah disatukan menggunakan kaedah perakaunan ekuiti bermula 1 Januari 2002. Kumpulan telah menghapuskira sepenuhnya pelaburan dalam, pendahuluan dan muhibah yang melibatkan Tritel dan telah membuat peruntukan kerugian dijangka berkenaan deposit tetap yang dicagar sebagai sekuriti dan jaminan korporat oleh TRI untuk pinjaman berjangka yang diberikan kepada Tritel semasa tahun kewangan berakhir 31 Disember 2001.

ii.

Celcom (Malaysia) Berhad

(167469-A)

Diperbadankan di Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 195 ]

iii. Dalam tahun kewangan semasa, syarikat-syarikat ini, yang sebelumnya dianggap sebagai subsidiari telah dihentikan penyatuannya disebabkan oleh ketidakupayaan Kumpulan untuk menguasai atau menjalankan pengaruh lagi keatas pengendalian mereka. Syarikat-syarikat ini dianggap sebagai pelaburan bukan semasa yang lain dan Kumpulan telah membuat peruntukan penuh keatas pelaburan-pelaburan tersebut. Ringkasan kesan pembatalan penyatuan di atas ke atas kedudukan kewangan Kumpulan adalah seperti berikut: 2002
RM’000

2001 RM’000 96,351 87,275 8 2,500 (3,017) (69,234) (8,548) (434) (11,858) 93,043 (55,826) (37,217) 509 509

Aset bersih yang tidak di satukan: Hartanah, loji dan peralatan Pelaburan-pelaburan bukan semasa Inventori Penghutang Wang tunai dan tunai di bank Deposit dengan bank berlesen Overdraf bank Pinjaman Pemiutang Cukai Cukai tertunda Kepentingan minoriti Aset bersih Tolak: Pelaburan dalam syarikat bersekutu Kepentingan minoriti Laba bersih dari pembatalan penyatuan Tunai dan kesetara tunai atas pembatalan penyatuan subsidiari Tunai bersih daripada pembatalan penyatuan (13,497) (13,497) (15,335) (2,412) 159,463 51 8,663 44,426 17,953 (4,456) (114,226) (90,527) (3,510) (90) 17,747

d.

Pengambilalihan Syarikat Subsidiari Syarikat telah mengambilalih seluruh modal saham diterbit dan dibayar penuh Celcom Multimedia (Malaysia) Sdn. Bhd. melibatkan dua saham biasa berharga RM1 setiap satu, harga tara untuk ganjaran tunai sebanyak RM2. Pengambilalihan itu tidak menimbulkan kesan kepada keputusan kewangan Kumpulan dan Syarikat.

[ 196 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Diperbadankan di Malaysia

26. Syarikat-syarikat Bersekutu Syarikat-syarikat bersekutu adalah:
Nama Syarikat-syarikat Bersekutu Kepentingan Berkesan (%) 2002 Modal Berbayar RM Kegiatan Utama

2001 60

Celcom Timur (Sarawak) Sdn. Bhd.

60

25,000,000

Perkhidmatan telekomunikasi Penyediaan perkhidmatan telekomunikasi Penyediaan perkhidmatan telekomunikasi Merangka, merekabentuk, memasang, mengendali dan menyelenggarakan rangkaian telekomunikasi selular GSM kepada pelanggan di provinsi Esfahan, Iran Penyediaan perkhidmatan rangkaian penghantaran gentian optik

Sheba Telecom (Pvt.) Ltd. ^

86.4

-*

Taka327,966,000 (RM21,301,392)

TRI Telecommunication Tanzania Limited @ (Penerima dan Pengurus dilantik pada 14 Januari 2003) Mobile Telecommunications Company of Esfahan # (J.V. - P.J.S)

60

-*

Shs2,350,500,000 (RM9,260,970)

49

- Rial1,000,000,000 (RM480,000)

Fibrecomm Network (M) Sdn. Bhd.

41

41

75,000,000

* ^ @ #

Syarikat-syarikat ini dianggap sebagai subsidiari pada tahun kewangan sebelum ini Diperbadankan di Republik Rakyat Bangladesh Diperbadankan di Republik Bersatu Tanzania Diperbadankan di Republik Islam Iran

Pada 18 Mac 1999, Lembaga Pengarah Sheba Telecom (Pvt.) Ltd. (“Sheba”) telah meluluskan Tambahan Modal Saham Berbayar Syarikat daripada Taka40,204,000 kepada Taka327,966,000 melalui permodalan pendahuluan yang diberikan oleh TRI. Berdasarkan kepada penambahan modal saham ini, kepentingan TRI di dalam Sheba meningkat kepada 86.4%. Walaupun demikian, permodalan pendahuhuan antara syarikat telah dipertikai oleh pemegang saham minoriti Sheba dan Sheba juga masih belum mendaftarkan tambahan pegangan saham itu dengan Pendaftar Syarikat-Syarikat Saham Bersama. Kesan akhir pertikaian dengan pemegang saham minoriti Sheba tertakluk kepada keputusan dari tindakan tatacara penimbangtaraan seperti yang dihuraikan di Nota 30. 27. Pelarasan Tahun Lepas Dalam tahun kewangan semasa, Syarikat telah menemui dokumen-dokumen palsu yang melibatkan persetujuan untuk pembelian loji dan peralatan berharga RM259,315,000 pada tahun-tahun terdahulu. Aset-aset tersebut mempunyai nilai buku bersih sebanyak RM210,994,000 pada 31 Disember 2001. Mengikut Piawaian MASB 3: Keuntungan dan Kerugian Bersih untuk tahun berakhir, Kesalahan Fundamental dan Perubahan kepada Dasar-dasar Perakaunan, Pembetulan Kesalahan Fundamental tersebut dilaraskan secara retrospektif kepada tahun berlakunya kejadian. Kesan dari pelarasan tahun lepas kepada penyata kewangan untuk tahun berakhir 31 Disember 2001 untuk Kumpulan dan Syarikat adalah seperti yang dinyatakan di Nota 34.

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28. Komitmen Komitmen tertunggak yang melibatkan perbelanjaan modal pada tarikh lembaran imbangan yang tidak di peruntukkan di dalam penyata kewangan adalah seperti berikut: KUMPULAN 2002
RM’000

SYARIKAT 2002
RM’000

2001 RM’000

2001 RM’000

Perbelanjaan modal untuk, hartanah, loji dan peralatan: Diluluskan dan dikontrakkan Diluluskan dan belum dikontrakkan 106,258 164,609 270,867 Komitmen dibawah pajakan operasi yang tidak boleh dibatalkan yang perlu di bayar dalam tempoh berikut: Dalam tempoh satu tahun Antara satu hingga dua tahun Antara dua hingga lima tahun 9,907 6,608 4,104 20,619 12,697 9,907 10,511 33,115 9,907 6,608 4,104 20,619 12,697 9,907 10,511 33,115 167,427 153,512 320,939 86,887 147,527 234,414 137,929 133,205 271,134

29. Maklumat Segmental Maklumat Segmental tidak dikemukakan kerana tiada segmen penting selain daripada penyediaan perkhidmatan telekomunikasi dan operasi Kumpulan kebanyakannya di jalankan di Malaysia. 30. Liabiliti-liabiliti Luar Jangka a. Pada 10 Mac, 2000, Celcom Timur (Sarawak) Sdn. Bhd. (“CTS”) telah megemukakan saman writ kepada Celcom (M) Sdn. Bhd. (“Celcom”) berkenaan kegunaan lingkaran optik fiber sebanyak RM102,616,991 dengan faedah terakru. Celcom tidak menyetujui jumlah yang diminta atas alasan CTS telah menggunakan cara penaksiran yang tidak dipersetujui. Syarikat mengemukakan pembelaan ke atas kes tersebut dan memohon untuk menolak terus kes saman itu. Suatu Rumusan Keputusan telah dikeluarkan oleh Mahkamah Tinggi Kuching pada 23 Februari, 2001 dimana keputusan memihak kepada CTS untuk pembayaran gantirugi sebanyak RM90,586,727. Syarikat sedang merayu terhadap Rumusan Keputusan ini dan tarikh untuk rayuan masih belum ditetapkan oleh Mahkamah Rayuan. Perbicaraan untuk baki hutang tertunggak yang dipertikaikan sebanyak RM12,030,264 hanya boleh dijalankan selepas perbicaraan rayuan ke atas Rumusan Keputusan. Keputusan kes mahkamah dan seterusnya, jumlah bayaran gantirugi kepada CTS tidak boleh dipastikan pada masa ini sehingga perbicaraan pada tarikh yang akan ditetapkan oleh mahkamah. Tiada peruntukan dibuat ke atas pertikaian jumlah bayaran yang dituntut kerana para pengarah berpendapat risiko timbulnya tuntutan tambahan ke atas jumlah yang dituntut adalah kecil. b. Syarikat telah menghadapkan petisyen terhadap Sarawak Electricity Supply Corporation (“Sesco”) (dan pihak lain berkaitan dengan Sesco) di bawah Seksyen 181 Akta Syarikat 1965 dan, pada 25 Mei 2001, juga menuntut injunksi interim untuk menahan CTS daripada meneruskan petisyen pembubaran terhadap Syarikat. Pada 1 Ogos 2001, CTS memberi notis kepada Syarikat tentang hasratnya untuk menjual saham-saham Syarikat dalam CTS sekiranya ia gagal untuk membuat bayaran Rumusan Keputusan serta-merta seperti dinyatakan di atas. Pada 14 Ogos 2001, Syarikat telah berjaya memperolehi injunksi interim untuk menahan CTS daripada menjual saham Syarikat sehingga penyelesaian permohonan injunksi antara pihak. Perkara ini telah ditetapkan untuk sebutan terakhir pada 25 Mac 2003. Berdasarkan kepada pendapat guaman yang diterima, para pengarah berpendapat bahawa Syarikat mempunyai peluang cerah untuk berjaya dalam perkara ini.

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c.

Pada 3 Ogos, 2001, Sarawak Electricity Board Supply Corporation, rakan kongsi Syarikat di dalam CTS telah mengemukakan saman untuk mendapatkan deklarasi daripada Makhkamah Tinggi Kuching terhadap Perjanjian Usahasama (“JVA”) untuk ditamatkan dengan alasan Syarikat telah melanggar beberapa syarat seperti yang ditetapkan dibawah JVA bertarikh 5 Mei, 1994. Permohonan untuk menangguhkan persidangan dan untuk pertikaian itu dirujuk kepada penimbangtaraan telah ditolak oleh Mahkamah Tinggi dimana Syarikat seterusnya menghadapkan rayuan kepada Mahkamah Rayuan bersama dengan permohonan kepada Mahkamah Tinggi untuk penangguhan interim sementara menunggu keputusan rayuan. Pada 25 Julai 2002, Mahkamah Rayuan mendengar dan menolak rayuan penagguhan penimbangtaraan. Oleh itu, pada 13 Ogos 2002, hakim telah menolak rayuan untuk penangguhan interim. Pada 13 September 2001, Sesco telah membuat permohonan untuk melupuskan kes ini berdasarkan “point of law” dibawah Arahan 14A Syarat-syarat Mahkamah Tinggi 1980 (“Arahan 14A”) dan untuk memberi keputusan berhubung tuntutannya. Perbicaraan Arahan 14A telah ditetapkan pada 30 April 2003. Berdasarkan kepada pendapat peguam-peguam yang diterima, para pengarah berpendapat, bahawa oleh kerana penangguhan interim telah ditolak atas alasan tiada pertikaian yang harus dirujuk kepada penimbangtaraan, Sesco mempunyai peluang cerah dalam permohonannya untuk memperolehi keputusan di bawah Arahan 14A. Sekiranya Sesco berjaya dalam perbicaraan Arahan 14A, Mahkamah akan mengarahkan Syarikat untuk memindahkan pegangan sahamnya dalam CTS kepada Sesco pada harga yang akan ditentukan oleh juruaudit bebas. Syarikat mungkin akan mengalami kerugian sekiranya nilai harga kepentingan dalam CTS yang ditentukan adalah kurang daripada nilai bawa pelaburan Syarikat dalam CTS sebanyak RM48,399,000. Pihak-pihak berkaitan masih berbincang untuk menyelesaikan pertikaian ini melalui penyelesaian luar mahkamah global bersama-sama juga dengan perkara (a) dan (b) di atas. Para pengarah yakin bahawa penyelesaian dapat dicapai dan nilai yang akan terealisasi akibat dari penyelesaian ini akan, paling kurang, sama dengan nilai bawa pelaburan Kumpulan dalam CTS.

d.

Syarikat dan Inmiss Communications Sdn. Bhd. (“Inmiss”) telah memeterai Perjanjian Service Provider (“Perjanjian”) pada 30 Mei 1997. Pada 11 Jun 2002, Syarikat telah menerima notis tuntutan daripada peguam Inmiss megikut Seksyen 218 (1) Akta Syarikat 1965 menuntut dari Syarikat wang berjumlah RM17,702,020 yang merupakan bayaran untuk inbois yang dikeluarkan Inmiss selaras dengan Perjanjian, yang sekiranya gagal, permohonan pembubaran akan dimulakan. Bayaran tidak dibuat atas alasan, antara lain, bahawa terdapat sangkaan transaksi panggilan palsu. Syarikat seterusnya telah menghadapkan permohonan kepada Mahkamah Tinggi Kuala Lumpur untuk menghalang Inmiss menghadapkan petisyen pembubaran terhadap Syarikat. Syarikat juga menuntut pendapat mahkamah berhubung isu-isu berikut: (i) sekiranya pihak-pihak terikat oleh Perjanjian untuk menyelesaikan segala pertikaian menerusi penimbangtaraan (ii) dan deklarasi yang menyatakan bahawa Syarikat bukan penghutang putusan untuk wang berjumlah RM17,702,020 di dalam pengertian Seksyen 217 Akta Syarikat 1965. Pada 15 November 2002, permohonan itu telah ditolak oleh Mahkamah dengan kos. Peguam-peguam Syarikat telah mengeluarkan notis rayuan kepada Mahkamah Rayuan pada 28 November 2002 terhadap keputusan ini. Pada 30 Disember 2002, Syarikat telah dikemukakan dengan petisyen pembubaran yang akan didengar pada 11 Jun 2003. Peguam-peguam Syarikat telah menghadapkan injunksi interim pada 24 Disember 2002 untuk menghalang Inmiss daripada mengambil tindakan lanjut di atas petisyen pembubaran itu sementara menunggu pelupusan sepenuhnya rayuan ini. Pada perbicaraan mengenai permohonan ini pada 31 Disember 2002, pihak-pihak diarah untuk menghadapkan permohonan bertulis dan perkara ini ditetapkan untuk keputusan pada 7 Mac 2003. Syarikat telah diperkenankan injunksi “holding-over” sementara ini. Para pengarah berpendapat bahawa peruntukan yang telah dibuat dalam pemiutang dalam penyata kewangan memadai untuk menampung liabiliti luarjangka yang mungkin timbul dari tuntutan ini.

e.

Melalui surat bertarikh 16 Ogos 2002, Malaysian Airlines System Berhad (“MAS”) telah menuntut wang berjumlah RM16,382,753 daripada TRI berkaitan dengan sebuah akaun projek. Kumpulan masih berbincang dengan MAS untuk mencapai penyelesaian saksama atas isu ini yang tidak dijangka akan memberikan kesan yang besar ke atas penyata kewangan.

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f.

Berdasarkan Perjanjian Usaha Sama bertarikh 13 September 1993 (“JVA”), TRI dan VIP Engineering and Marketing Limited (“VIPEM”) bersetuju untuk menubuhkan TRI Telecommunications Tanzania Limited (“Tritel”) sebagai syarikat usaha sama, untuk menyediakan perkhidmatan telekomunikasi di Tanzania. Struktur pemegangan saham adalah TRI 60% dan VIPEM 40%. Pada 10 Disember 2001, VIPEM telah memfailkan saman terhadap TRI, menuntut, antara lain, wang berjumlah USD18,628,000 sebagai bahagian daripada kehilangan keuntungan akibat salah urus Tritel. VIPEM meminta arahan dibuat atas asas “ex-parte”. Peguam-peguam Tritel dan TRI menuntut bahawa Mahkamah tidak ada kuasa untuk melayan Permohonan Chamber tersebut disebabkan fasal penimbangtaraan di dalam JVA dan seterusnya memohon penangguhan persidangan. Mahkamah menolak untuk memberikan arahan “ex-parte” itu dan TRI menghadapkan petisyen untuk menangguhkan persidangan. Petisyen itu masih belum dibicarakan. Berdasarkan nasihat guaman yang diterima, para pengarah berpendapat bahawa peluang untuk mendapatkan penangguhan adalah cerah. Berkenaan dengan tuduhan salah urus, peguam-peguam berpendapat, sekiranya tiada bukti yang lebih utuh, tuduhan itu hanya retorik dan tidak berasas. Oleh itu, tidak ada peruntukan yang dibuat dalam penyata kewangan berkaitan tuntutan yang di buat oleh VIPEM.

g.

TRI dan Integrated Services Limited (“ISL”) telah memeterai Perjanjian Usaha Sama bertarikh 21 Januari 1995 atas penubuhan Sheba Telecom (Pvt.) Ltd. (“Sheba”) sebagai syarikat usaha sama di Republik Rakyat Bangladesh. ISL dan TRI pada mulanya masing-masing memegang 51% dan 49% ekuiti Sheba. Pada 10 Jun 1997, kedua-duanya bersetuju untuk meminda pegangan ekuiti yang dimiliki oleh TRI dan ISL dalam Sheba masing-masing kepada 51% dan 49%. Pada 18 Mac 1999, Lembaga Pengarah Sheba memutuskan untuk menambahkan saham diterbit dan dibayar Sheba dengan cara memodalkan pendahuluan yang dibuat oleh TRI kepada Sheba, dan dengan itu menambahkan pegangan ekuiti TRI kepada 86.4%. Dalam atau sekitar April 2000, ISL memulakan saman di Mahkamah Tinggi Bangladesh ke atas Sheba, TRI, para pengarah Sheba dan Suruhanjaya Syarikat-syarikat Saham Bersama untuk, antara lain, menuduh perlakuan tidak amanah dan salah urus oleh para pengarah (“Saman”). Salah satu tuduhan yang dibuat oleh ISL adalah menuduh bahawa resolusi yang diluluskan untuk menambahkan pegangan ekuiti TRI kepada 86.4% tidak sah. Pada 19 November 2001, TRI berjaya mendapat arahan untuk menangguhkan persidangan Saman itu dan untuk perkara tersebut di rujuk kepada persidangan penimbangtaraan (“Penimbangtaraan”). TRI seterusnya memulakan Penimbangtaraan itu di Singapura untuk mendapat deklarasi untuk menolak sesetengah pertuduhan yang dibuat di dalam Saman itu. ISL juga membuat tuntutan balas di dalam Penimbangtaraan tersebut, dan menuduh, antara lain, pelanggaran syarat-syarat di dalam JVA dan lain-lain ketaknalaran dalam pengurusan dan pengendalian Sheba dan menuntut, antara lain, arahan untuk TRI membayar kepada ISL: i. ii. wang sejumlah USD179,281,515 yang kononnya kehilangan potensi perolehan bersih Sheba; wang berjumlah USD36,150,094 yang kononnya kehilangan peluang untuk memasuki penjanjian baru dengan Bangladesh Telegraph and Telephone Board; dan

iii. wang berjumlah USD2,550,000 yang kononnya TRI telah bersetuju, untuk membayar ISL sebagai yuran perunding pemasaran. Pihak-pihak berkaitan sedang mencari jalan penyelesaian yang baik dan perbicaraan Penimbangtaraan tersebut yang sebelum ini dijadualkan berlangsung pada 10 Februari 2003 telah ditangguhkan ke 4 Ogos 2003. Berdasarkan kepada nasihat guaman yang diterima, para pengarah yakin bahawa keputusan Penimbangtaraan akan memihak kepada TRI. Oleh itu, tidak ada peruntukan yang dibuat keatas jumlah yang dituntut oleh ISL. Nilai bawa pelaburan Kumpulan dalam dan juga pendahuluan kepada, Sheba tidak dilaras untuk mengambarkan pendedahan dijangka sekiranya keputusan Penimbangtaraan itu tidak memihak kepada TRI. Selain dari di atas, para pengarah tidak tahu mengenai tindakan undang-undang lain yang diambil terhadap Kumpulan atau subsidiari-subsidiarinya yang masih belum diputuskan atau fakta-fakta lain yang boleh membawa kepada tindakan undang-undang yang akan memberi kesan penting ke atas penyata kewangan pada 31 Disember 2002.

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Celcom (Malaysia) Berhad

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31. Urusan Penting dengan Pihak Berkaitan Pihak Berkaitan Semasa Pada 31 Disember 2002, syarikat-syarikat berikut terangkum di dalam definisi Pihak Berkaitan seperti yang termaktub dalam piawaian MASB 8: Pihak-pihak Berkaitan: Syarikat Fibrecomm Network (M) Sdn. Bhd. (“Fibrecomm”) Celcom Timur (Sarawak) Sdn. Bhd. (“CTS”) Mobile Telecommunications Company of Esfahan (J.V. - P.J.S) (“MTCE”) Telekom Malaysia Berhad (“TMB”) + TM Cellular Sdn. Bhd. (“TMC”) + Fiberail Sdn. Bhd. (“Fiberail”) + Mobikom Sdn. Bhd. (“Mobikom”) + Technicus Consultancy Sdn. Bhd. (“Technicus”) Pemegang saham utama dalam Syarikat dari Mei 2002 Subsidiari TMB Subsidiari TMB Subsidiari TMB Subsidiari bersama oleh pemegang saham utama, DeTeAsia Holding GmbH Bekas Pihak yang Berkaitan Selain daripada Pihak berkaitan di atas, Kumpulan telah juga bertransaksi dengan syarikat-syarikat berikut yang, walaupun bukan dianggap sebagai pihak berkaitan pada 31 Disember, 2002, jatuh di dalam definasi sebagai pihak berkaitan untuk sebahagian tahun kewangan semasa dan sepanjang tahun-tahun kewangan sebelum ini: Syarikat Edaran Digital Systems Berhad (“EDSB”) ^ Hubungan Syarikat dimana bekas pengarah, Tan Sri Dato’ Tajudin bin Ramli dan Bistamam bin Ramli mempunyai kepentingan tidak langsung Edaran Komputer Sdn. Bhd. (“EKSB”) ^ Elitemac Resources Sdn. Bhd. (“ERSB”) ^ Edaran Communications Sdn. Bhd. (“ECSB”) ^ Advanced Communication Solutions Sdn. Bhd. (“ACSSB”) ^ Naluri Berhad (“Naluri”) ^ Syarikat dimana bekas pengarah, Tan Sri Dato’ Tajudin bin Ramli mempunyai kepentingan Technology Resources Properties Sdn. Bhd. (“TRP”) ^ Malaysian Airline System Berhad (“MAS”) # Subsidiari Naluri Syarikat dimana bekas pengarah, Tan Sri Dato’ Tajudin bin Ramli mempunyai kepentingan sehingga Februari 2001 + ^ # Transaksi untuk tahun kewangan 2002 hanya daripada Mei 2002 Transaksi untuk tahun kewangan 2002 hanya sehingga Jun 2002 Transaksi untuk tahun kewangan 2001 hanya sehingga Februari 2001 Subsidiari EDSB Subsidiari EDSB Subsidiari EDSB Syarikat Bersekutu ERSB Hubungan Syarikat Bersekutu Syarikat Syarikat Bersekutu Syarikat Syarikat Bersekutu Syarikat

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Selain daripada penyetaraan pihak berkaitan di nota-nota lain dalam penyata kewangan, berikut adalah transaksi dengan pihak yang berkaitan lain yang dilaksanakan oleh Kumpulan dan Syarikat dalam tahun kewangan semasa: KUMPULAN 2002
RM’000

SYARIKAT 2002
RM’000

2001 RM’000 * * * 2,137 483

2001 RM’000 * * * 2,137 483

Penjualan perkhidmatan telekomunikasi Fibrecomm TMB TMC Mobikom ECSB MAS Pembelian perkhidmatan telekomunikasi CTS Fibrecomm TMB TMC Mobikom Fiberail Jualan lain Loji dan peralatan yang dijual kepada Naluri Yuran perundingan yang dicajkan kepada MTCE Pembelian/perbelanjaan lain Faedah berbayar kepada Naluri Sewaan premis dari TRP Perkhidmatan teknikal yang disediakan oleh Technicus Penawaran peralatan dan perkhidmatan oleh ECSB Penaikan taraf peralatan dan perkhidmatan penambahan daripada ACSSB Pembelian bateri dari ERSB Sewaan premis dari MAS Perkhidmatan penghantaran dari MAS 5,400 144 * * 860 481 745 54 5,400 96 * * 860 304 745 54 49,791 14,617 11,412 9,707 16,185 12,275 16,185 12,275 79 4,927 692 9,455 79 4,927 692 9,044 1,219 4,906 1,219 4,906 5,169 11,075 55,211 23,050 530 683 3,698 13,044 * * * * 3,144 6,481 52,969 23,050 530 683 * * * * 1,159 98,666 19,027 1,146 * 1,159 98,666 18,978 *

* bukan pihak berkaitan sepanjang tahun kewangan yang berkenaan Transaksi yang terlaksana sebelum sesebuah syarikat menjadi pihak berkaitan dan selepas ia berhenti menjadi pihak berkaitan tidak dimasukkan dalam pernyataan di atas. Para pengarah berpendapat bahawa transaksi dengan pihak berkaitan semasa di atas dilaksanakan berdasarkan aktiviti perniagaan biasa dan syarat yang tidak berbeza secara ketara daripada urusniaga yang dilakukan dengan pihak-pihak yang tidak berkaitan. Transaksi dengan bekas pihak berkaitan telah dilaksanakan pada dasar yang dirundingkan.

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Pada 31 Disember 2002, amaun hutang bersih daripada / (kepada) pihak berkaitan yang termasuk dalam penghutang dan /atau pemiutang adalah seperti berikut: KUMPULAN 2002
RM’000

SYARIKAT 2002
RM’000

2001 RM’000 ^ ^ ^ (75) (14,448) (35) (3,756)

2001 RM’000 ^ ^ ^ (75) (5,979) (35) (3,756)

Fibrecomm TMB TMC Mobikom Naluri ECSB TRP Technicus ^ tidak berkaitan pada 31 Disember 2001 32. Lain-lain Peristiwa Penting Dalam tahun kewangan semasa: a.

153 7,773 (2,917) 6,041 1,219 (10,427) (131) (4,712)

153 7,035 (3,091) 3,675 1,219 (10,427) (131) (4,712)

TRI telah memeterai pelbagai perjanjian dengan Digi Telecommunications Sdn Bhd untuk, antara lain, memantau kemungkinan persepaduan rangkaian dan infrastruktur. Susulan itu, perjanjian-perjanjian tersebut telah dibubarkan.

b.

Kumpulan telah melaksanakan rancangan pelarasan tenaga kerja (“MRP”) yang merupakan sebahagian daripada program perekaan dan penggiatan semula Kumpulan. Kos daripada MRP tersebut kepada Kumpulan dan Syarikat masing-masing berjumlah RM92,073,000 dan RM84,884,000.

c.

Syarikat telah menemui dokumen-dokumen palsu yang melibatkan persetujuan untuk pembelian loji dan peralatan berharga RM259,315,000 pada tahun-tahun terdahulu. Kesan bersih ke atas keputusan kewangan Kumpulan dan Syarikat adalah seperti yang dinyatakan di Nota 34.

d.

Pada 17 Oktober 2002, TRI telah mengemukakan saman terhadap tiga bekas pegarahnya iaitu Tan Sri Dato’ Tajudin bin Ramli, Bistamam bin Ramli dan Dato’ Lim Kheng Yew untuk mendapatkan kembali wang bejumlah RM55,826,169 yang dibayar kepada bekas pengarah sebagai bayaran pampasan untuk kehilangan jawatan dan bayaran insentif, dan pemulangan dua kenderaan mewah yang di pindahkan kepada dua bekas pengarah tersebut. Pada 4 Disember 2002, Dato’ Lim Kheng Yew telah mengemukakan pembelaannya dan tuntutan balas terhadap TRI. Susulan itu, pada 24 Disember 2002, TRI telah menghadapkan permohonan untuk mandapatkan Rumusan Keputusan diatas tuntutan tersebut untuk mendapatkan kembali wang berjumlah RM11,053,438 yang dibayar kepada bekas para pengarah pada 4 Jun 2002 yang di dakwa sebagai bayaran insentif. Permohonan untuk Rumusan Keputusan telah ditetapkan dan akan didengar pada 10 April 2003. Peguam-peguam TRI berpendapat bahawa mereka mempunyai peluang cerah untuk mendapatkan semula bayaran dan dua kereta mewah dan merasai bahawa tuntutan Dato’ Lim Kheng Yew hanya melibatkan “quantum meruit”, sekiranya TRI berjaya mengenepikan segala bayaran yang dibuat kepadanya. Walaubagaimanapun, jumlah anggaran pemulihan tidak di masukkan kedalam penyata kewangan.

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e.

Syarikat telah memeterai perjanjian jual-beli bersyarat dengan pemegang saham utamanya, Telekom Malaysia Berhad (“TMB”) untuk memperolehi pegangan 100% ekuiti TMB dalam TM Cellular Sdn. Bhd. melibatkan 1,565,000,000 saham biasa berharga RM1 setiap satu untuk pertimbangan pembelian berjumlah RM1,684,000,000 yang akan terlaksana dengan penerbitan 635,471,698 saham baru biasa berharga RM1 setiap satu di dalam Syarikat dengan harga terbitan RM2.65 sesaham. Cadangan pengambilalihan itu bergantung kepada persetujuan pemegang-pemegang saham dan peminjam-peminjam Syarikat dan TMB disamping pihak-pihak berkuasa berkaitan. Susulan itu, Syarikat telah mendapat persetujuan daripada peminjam-peminjam, Suruhanjaya Sekuriti dan Jawatankuasa Pelaburan Asing. Seperti yang dinyatakan pada Nota 33(c), susulan kepada tahun berakhir, Syarikat telah menerima notis daripada DeTeAsia Holding GmbH berkenaan dengan cadangan pengambilalihan itu.

f.

Syarikat telah mengumumkan kepada Bursa Saham Kuala Lumpur bahawa TRI telah memasuki Perjanjian Usaha Sama (“JVA”) dengan Telecommunication Company of Esfahan (“TCE”) bertujuan untuk menjalankan satu usaha sama di Iran di bawah nama Mobile Telecommunications Company of Esfahan (J.V. - P.J.S) (“MTCE”) untuk meneruskan perniagaan yang melibatkan perangkaan, perekaciptaan, pemasangan, pengendalian dan penyelenggaraan rangkaian telekomunikasi selular GSM kepada pelanggan di Esfahan, Iran. Selaras dengan JVA bertarikh 10 Disember 1997, TCE dan TRI akan masing-masing memegang kepentingan ekuiti sebanyak 51% dan 49% dalam MTCE. Perjanjian Tambahan bertarikh 14 Julai 1998 telah ditandatangani antara TRI dan TCE dengan Iran Telecom Industries (“ITI”) (“Penjanjian Tambahan”). Tujuan Perjanjian Tambahan ini adalah untuk memindahkan saham TCE sebanyak 2% dalam MTCE kepada ITI. Hasil daripada Penjanjian Tambahan itu, struktur pemegangan saham MTCE telah berubah kepada TCE – 49%, TRI – 49% dan ITI – 2%. MTCE telah diperbadankan pada 6 April 1998 dengan modal saham dibenarkan dan berbayar sebanyak 1,000,000,000 Rial. MTCE telah diberikan lesen untuk memasang, mengendali dan menyelenggara rangkaian telekomunikasi GSM di Esfahan, Iran pada 23 Mei 2001. Lesen tersebut mempunyai tempoh sah selama 15 tahun dan akan tamat pada 22 Mei 2014 dengan pilihan pembaharuan.

33. Peristiwa-peristiwa Penting Susulan kepada Tahun Berakhir Susulan kepada tahun berakhir: a. TRI Telecommunication Tanzania Limited (“Tritel”) telah menerima surat daripada Suruhanjaya Komunikasi Tanzania yang memaklumkan pembatalan lesen telekomunikasi GSM efektif 31 Januari 2003. Lanjutan daripada itu, Tritel tidak lagi boleh menjalankan operasi perniagaan telekomunikasinya. b. Pada 14 Januari 2003, Tritel telah dikemukakan notis perlantikan penerima dan pengurus oleh salah satu pemiutang bercagar. c. Syarikat menerima notis daripada DeTeAsia Holding GmbH (“DeTeAsia”), yang dikeluarkan selaras dengan Perjanjian Tambahan Dipinda dan Dinyatakan Semula bertarikh 4 April 2002 antara TRI, DeTeAsia, Syarikat dan TR International Limited (“Perjanjian”), untuk meminta supaya satu jawatankuasa, yang melibatkan eksekutif kanan Syarikat mewakili Syarikat dan seorang eksekutif kanan DeTeAsia (“Jawatankuasa”), ditubuhkan untuk tujuan menyelesaikan perbezaan diantara pihak-pihak terlibat dengan cara baik. Perbezaan-perbezaan tersebut tercetus akibat pandangan berbeza yang dipegang oleh Syarikat dan DeTeAsia tentang sama ada Perjanjian tersebut mewajibkan Syarikat untuk memperolehi persetujuan daripada DeTeAsia untuk memeterai Perjanjian Jual-Beli dengan Telekom Malaysia Berhad seperti yang dihuraikan di Nota 32(e) di atas. Pada 17 Februari 2003, Syarikat telah diberitahu oleh DeTeAsia bahawa rundingan yang dilangsungkan oleh Jawatankuasa pada 13 Februari 2003 telah menemui jalan buntu.

[ 204 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Diperbadankan di Malaysia

34. Perbandingan Perbandingan tidak dinyatakan untuk maklumat tertentu melibatkan instrumen-instrumen kewangan sebagaimana dibenarkan oleh Piawaian MASB 24: Instrumen kewangan: Pernyataan dan Penyediaan, apabila diaplikasikan untuk pertama kali. Angka-angka perbandingan di dalam penyata kewangan disatukan telah dilaraskan untuk mencerminkan kesan daripada perakaunan percantuman untuk TRI dan pelarasan tahun lepas seperti yang dihuraikan masing-masing di Nota 2(a) dan Nota 27 dan telah diklasifikasikan semula supaya setaraf dengan pembentangan tahun semasa. Ringkasan mengenai pelarasan yang telah di buat adalah seperti berikut: a. Penyata Pendapatan Disatukan untuk tahun berakhir 31 Disember 2001
Kesan dari perakaunan percantuman dan pengSeperti yang dinyatakan sebelum ini RM’000 organisasian semula dalaman RM’000 Pelarasan tahun lepas RM’000 Dinyatakan semula RM’000

Pendapatan Lain-lain pendapatan Perbelanjaan operasi Susutnilai Keuntungan / (kerugian) daripada aktiviti operasi Kos kewangan, bersih Perkongsian (kerugian) / keuntungan dari syarikat bersekutu (Kerugian) / keuntungan sebelum cukai Cukai Keuntungan / (kerugian) selepas cukai Kepentingan minoriti Keuntungan / (Kerugian) bersih yang boleh diagihkan kepada para pemegang saham

2,483,011 19,612 (1,430,711) (695,394)

75,754 12,470 (189,108) (19,580)

24,322

2,558,765 32,082 (1,619,819) (690,652)

376,518 (221,612) (16,205) 138,701 (15,893) 122,808 -

(120,464) (86,309) (206,773) (6,936) (213,709) 4,379

24,322 24,322 24,322 -

280,376 (307,921) (16,205) (43,750) (22,829) (66,579) 4,379

122,808

(209,330)

24,322

(62,200)

Celcom (Malaysia) Berhad

(167469-A)

Diperbadankan di Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 205 ]

b.

Lembaran Imbangan Disatukan pada 31 Disember 2001
Kesan dari perakaunan percantuman dan pengSeperti yang dinyatakan sebelum ini RM’000 organisasian semula dalaman RM’000 Pelarasan tahun lepas RM’000 Dinyatakan semula RM’000

Aset Tak Semasa Hartanah, loji dan peralatan Pelaburan Muhibah atas penyatuan 4,254,823 73,838 4,328,661 Aset Semasa Inventori Penghutang Sekuriti boleh pasar Tunai dan baki di bank 17,427 299,548 231,821 548,796 Liabiliti Semasa Pinjaman jangka pendek Pemiutang Cukai 484,345 2,682,185 37,138 3,203,668 Liabiliti Semasa Bersih (2,654,872) 1,673,789 Dibiayai oleh: Modal saham Rizab Ekuiti pemegang saham Kepentingan minoriti 500,000 (285,204) 214,796 214,796 Pinjaman jangka panjang Cukai tertunda Liabiliti tak semasa 1,114,905 344,088 1,458,993 1,673,789 (195,779) (195,779) 2,502 (193,277) 74,351 74,351 (118,926) (210,994) (210,994) (210,994) (210,994) 500,000 (691,977) (191,977) 2,502 (189,475) 1,189,256 344,088 1,533,344 1,343,869 2,173,352 (1,700,644) 25,962 498,670 (272,955) (118,926) (210,994) 2,657,697 981,541 63,100 3,702,338 (2,927,827) 1,343,869 8,660 68,610 2,868 145,577 225,715 26,087 368,158 2,868 377,398 774,511 148,654 241 5,134 154,029 (210,994) (210,994) 4,192,483 74,079 5,134 4,271,696

[ 206 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

Diperbadankan di Malaysia

35. Instrumen-instrumen Kewangan a. Objektif dan Dasar Pengurusan Risiko Kewangan Dasar pengurusan risiko kewangan Kumpulan bertujuan untuk memastikan yang sumber kewangan yang mencukupi untuk pembangunan perniagaan Kumpulan serta menguruskan risiko-risiko mata wang, kadar faedah, pasaran, kredit, kecairan dan aliran tunai Kumpulan. Operasi Kumpulan berpandukan prisip-prinsip yang jelas yang telah diluluskan oleh Lembaga Pengarah dan dasar Kumpulan tidak membenarkan penglibatan dalam urusniaga spekulasi. b. Risiko Kadar Faedah Risiko kadar faedah utama Kumpulan melibatkan pinjaman berfaedah, oleh kerana Kumpulan tidak mempunyai aset berfaedah jangka panjang pada 31 Disember 2001. Pelaburan dalam aset kewangan kebanyakannya untuk jangka pendek dan tidak digunakan untuk tujuan spekulasi dan sebaliknya disimpan sebagai deposit tetap yang memberi perolehan yang lebih baik dari tunai di bank. Kumpulan mengawal pendedahan kadar faedah dengan menggabungkan pinjaman kadar faedah tetap dan terapung. Kumpulan meneliti portfolio pinjamannya secara aktif, dengan mangambil kira tempoh pemegangan pelaburan tersebut dan sifat aset-asetnya. Strategi ini membolehkannya memanfaatkan perdanaan murah dalam keadaan persekitaran yang mempunyai kadar faedah rendah dan seterusnya memberikan perlindungan daripada kenaikan kadar faedah. Maklumat mengenai tarikh-tarikh matang dan kadar faedah berkesan untuk aset kewangan dan liabiliti adalah seperti yang dinyatakan dalam nota masing-masing. c. Risiko Pertukaran Asing Tujuan dasar pertukaran asing Kumpulan adalah untuk membolehkan Kumpulan menguruskan pendedahannya akibat daripada aktiviti perdagangan di dalam rangkakerja kawalan yang tidak mendedahkannya kepada risiko tukaran wang asing. Mata wang berfungsi subsidiari dan syarikat bersekutu asing berbeza dengan RM, terutamanya Dolar Amerika Syarikat, Renminbi Cina, Syilling Tanzania, Taka Bangladesh dan Rial Iran, menyebabkan risiko pertukaran. Aset dan liabiliti yang dihitungkan dalam mata wang asing dan aliran tunai dari pembelian dan jualan yang berkemungkinan besar, menyebabkan pendedahan kepada pertukaran mata wang asing. Kumpulan turut memiliki lindungan nilai semula jadi dengan melakukan pinjaman di dalam matawang negara dimana terletaknya hartanah atau pelaburan tersebut. Pendedahan mata wang di dalam transaksi selain dari mata wang berfungsi oleh entiti yang beroperasi ditetapkan di paras yang boleh diterima. Transaksi tukaran asing yang penting dilindung nilai dengan menggunakan instrumen kewangan derivatif seperti kontrak pertukaran asing ke hadapan dan melalui lindungan nilai semulajadi, iaitu dengan membuka akaun bank pelbagai mata wang. Walaubagaimanapun, tindakan ini dilakukan dengan syarat yang adanya pasaran modal yang berfungsi teguh untuk mata wang yang dipinjam. Termasuk dalam pemiutang perdagangan adalah amaun bersih berikut yang dihitungkan dalam mata wang selain daripada Ringgit Malaysia pada 31 Disember 2002.
Penghutang / (pemiutang) bersih Mata Wang RM’000

USD SDR

21,594 (17,224)

Celcom (Malaysia) Berhad

(167469-A)

Diperbadankan di Malaysia

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 207 ]

d.

Risiko Kecairan Aliran Tunai Kumpulan menguruskan secara aktif profil kematangan hutang, aliran wang tunai dari kegiatan kendalian, dan kesediaan kemudahan dana untuk memastikan kesemua kehendak unjuran pinjaman dan keperluan dana boleh ditunaikan. Sebahagian daripada tujuan pengurusan risiko kecairan yang cermat, Kumpulan memiliki jumlah pelaburan tunai dan setara tunai yang mencukupi untuk memenuhi keperluan modal kerja. Tambahan juga, Kumpulan sentiasa memastikan kemudahan bank terpelihara dan berada pada paras yang boleh diterima untuk keseluruhan posisi hutangnya. Sejauh mana yang boleh, Kumpulan menambahkan dana komitednya melalui pasaran modal dan institusi kewangan dan secara cermat mengimbangkan potfolionya dengan dana jangka pendek untuk memperolehi keberkesanan kos yang menyeluruh. Kumpulan juga mengurus kecairan aliran tunainya dengan membuat unjuran mengenai keperluan tunainya secara mingguan dan juga mempunyai akaun-akaun bank yang telah disediakan untuk memperoleh dana bagi memenuhi kewajipan hutang masa depannya.

e.

Risiko Kredit Risiko kredit dikawal dengan penggunaan langkah langkah kebenaran kredit, had dan pemerhatian. Penghutang perdagangan dikawal selia secara berterusan melalui prosedur pelaporan kepada pihak pengurusan. Kumpulan terdedah kepada risiko kredit melibatkan kerugian jika pihak ketiga kepada instrumen-instrumen kewangan yang lain tidak menunjukkan prestasi yang baik. Kumpulan tidak menjangka mana-mana pihak ketiga akan memungkiri kewajipan hutang mereka disebabkan polisi Kumpulan yang hanya berdagang dengan pihak ketiga yang mempunyai penarafan kredit yang tinggi. Had pendedahan untuk setiap penghutang ditetapkan mengikut kepercayaan kredit pihak itu. Kumpulan tidak mempunyai sebarang pendedahan yang penting kepada mana-mana pelanggan individu atau pihak terbabit dan tidak mempunyai sebarang penumpuan yang tinggi ke atas risiko kredit yang berkaitan dengan risiko. Kebanyakan Deposit ditempatkan dengan institusi kewangan Malaysia yang diiktiraf. Prosedur-prosedur telah ditetapkan untuk mengawasi aliran tunai dari kemudahan kredit Kumpulan dan bertujuan untuk memastikan risiko kredit berada pada taraf yang rendah.

f.

Nilai Saksama Nilai saksama untuk Bon Al-Bai Bithaman Ajil Kumpulan, berdasarkan pada harga pasaran tercatat sekuriti-sekuriti tersebut pada 31 Disember 2002 adalah seperti berikut:
Nilai Buku Nilai Saksama Kumpulan dan Syarikat RM’000 RM’000

Bon Al-Bai Bithaman Ajil

1,100,000

1,192,820

Adalah tidak praktikal untuk menentukan nilai saksama untuk: i. baki hutang dari subsidiari-subsidiari dan syarikat-syarikat bersekutu disebabkan tiadanya syarat pembayaran tetap; dan ii. pelaburan tidak tercatat disebabkan kekurangan harga pasaran tercatat.

Nilai saksama untuk aset dan liabiliti kewangan lain Kumpulan pada 31 Disember 2002 tidak mempunyai perbezaan ketara dengan nilai bawa mereka.

[ 208 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

HARTANAH KUMPULAN

No.

Lokasi, Mukim, Daerah, Negeri Selangor

No. Hak Milik

Keluasan Tanah (meter persegi)

Keluasan Bangunan (meter persegi)

Sifat Hartanah (Tempoh Hak Milik)

Usia Bangunan (Tahun)

Tarikh Penilaian

1

Seksyen 13, Jln Kemajuan Petaling Jaya

Pajakan Negeri 6497 Lot No. 74

4,383.1

10,410.03

Pegangan Pajakan (99 tahun tamat tempoh 06/09/2065)

5

12/12/2002

Wilayah Persekutuan 2 Lorong Enau, Jln Ampang Kuala Lumpur Bandar Sri Manjalara Mukim Batu, Kuala Lumpur Grant 4311 Lot No. 61 Sek 88 H.S (D) 51590 P.T. No. 44651 3,763 2,509.57 Milikbebas 69 19/12/2002

3

4,451.396

3,041.06

Pegangan Pajakan (99 tahun tamat tempoh 25/08/2077) Pegangan Pajakan (99 tahun tamat tempoh 25/08/2077)

-

02/12/2002

4

Bandar Sri Manjalara Mukim Batu, Kuala Lumpur

H.S (D) 51589 P.T. No. 44650

3,480.22

-

-

02/12/2002

Negeri Sembilan 5 Kawasan Perindustrian Ringan Sri Senawang Mukim Rantau, Seremban Johor 6 3 Jln Kempas 4 Perindustrian Tampoi Indah, Mukim Tebrau Daerah Johor Bahru H.S (D) 157930 P.T.D. No. 40002 812.9016 434.59 Milikbebas (Grant In-Perpetuity) 14 28/11/2002 H.S (D) 71945 P.T. No. 2125 2,603 536.2 Milikbebas (Grant In-Perpetuity) 19/12/2002

7

No. 36 Jln Perdagangan 12 Taman Universiti Kawasan Perindustrian Skudai Mukim Pulai Daerah Johor Bahru No. 38 Jln Perdagangan 12 Taman Universiti Kawasan Perindustrian Skudai Mukim Pulai Daerah Johor Bahru No. 40 Jln Perdagangan 12 Taman Universiti Skudai Mukim Pulai Daerah Johor Bahru No. 42 Jln Perdagangan 12 Taman Universiti Skudai Mukim Pulai Daerah Johor Bahru Kedah

H.S (D) 160545 P.T.D. No. 44843

557.4182

-

Milikbebas (Grant In-Perpetuity)

12

26/11/2002

8

H.S (D) 160546 P.T.D. No. 44844

1202.1653

-

Milikbebas (Grant In-Perpetuity)

12

26/11/2002

9

H.S (D) 160543 P.T.D. No. 44841

557.4182

338.89

Milikbebas (Grant In-Perpetuity)

12

26/11/2002

10

H.S (D) 160544 P.T.D. No. 44842

557.4182

338.89

Milikbebas (Grant In-Perpetuity)

12

26/11/2002

11

Jalan Alor Setar, Anak Bukit Mukim Alor Merah Daerah Kota Setar Jalan Alor Setar, Anak Bukit Mukim Alor Merah Daerah Kota Setar

G.M. 1280 Lot 729

959.11

-

Milikbebas (Grant In-Perpetuity)

-

03/12/2002

12

G.M. No. 824 Lot No. 1687

1,185.60

-

Milikbebas (Grant In-Perpetuity)

-

03/12/2002

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 209 ]

Keterangan

Kegunaan Kini

Pemilik Berdaftar

Tanah (RM)

Bangunan (RM)

Jumlah (RM)

Nilai Buku Bersih (RM)

Bangunan 6 Tingkat

Pejabat

Alpha Canggih Sdn Bhd

8,100,000.00

30,500,000.00

38,600,000.00

48,291,210.00

6 Unit Bangunan 2 Tingkat Tanah Kosong Didirikan Menara dan Kabin Tanah Kosong Didirikan Menara dan Kabin

Kawasan Perumahan

Roxy Electric Industries (M) Bhd Alpha Canggih Sdn Bhd

7,598,000.00

1,402,000.00

9,000,000.00

297,054,.00

Bangunan 4 Tingkat dan Tapak Ibusawat Telefon Mudah Alih Bangunan 4 Tingkat dan Tapak Ibusawat Telefon Mudah Alih

3,833,186.00

6,546,800.00

10,379,986.00

11,485,950.00

Alpha Canggih Sdn Bhd

2,622,276.00

0.00

2,622,276.00

11,485,950.00

Tanah Kosong Didirikan Menara dan Kabin

Tapak Ibusawat Telefon Mudah Alih

Alpha Canggih Sdn Bhd

384,000.00

326,000.00

710,000.00

1,459,830.00

Bangunan 2 Tingkat

Tapak Ibusawat Telefon Mudah Alih dan Tapak Stesen Pangkalan Radio Tapak Ibusawat Telefon Mudah Alih

Alpha Canggih Sdn Bhd

315,000.00

275,000.00

590,000.00

2,030,040.84

Bangunan 2 Tingkat

Alpha Canggih Sdn Bhd

210,000.00

255,000.00

465,000.00

4,417,918.08

Bangunan 2 Tingkat

Tapak Ibusawat Telefon Mudah Alih

Alpha Canggih Sdn Bhd

350,000.00

250,000.00

600,000.00

4,417,918.08

1 1/2 Tingkat Kilang Separa Berkembar

Tapak Ibusawat Telefon Mudah Alih

Alpha Canggih Sdn Bhd

210,000.00

240,000.00

450,000.00

1,199,915.83

1 1/2 Tingkat Kilang Separa Berkembar

Tapak Ibusawat Telefon Mudah Alih

Alpha Canggih Sdn Bhd

210,000.00

240,000.00

450,000.00

1,199,915.83

Tanah Kosong

Tapak Pejabat

Alpha Canggih Sdn Bhd

350,000.00

-

350,000.00

667,925.00

Tanah Kosong

Tapak Pejabat

Alpha Canggih Sdn Bhd

375,000.00

-

375,000.00

667,925.00

[ 210 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

No.

Lokasi, Mukim, Daerah, Negeri Perak

No. Hak Milik

Keluasan Tanah (meter persegi)

Keluasan Bangunan (meter persegi)

Sifat Hartanah (Tempoh Hak Milik)

Usia Bangunan (Tahun)

Tarikh Penilaian

13

No. 3, Persiaran Jelapang Maju 7, Kaw. Perindustrian Ringan Jelapang Maju, Ipoh Mukim Hulu Kinta No. 1, Persiaran Jelapang Maju 7, Kaw. Perindustrian Ringan Jelapang Maju, Ipoh Mukim Hulu Kinta Bukit Kelian, Mukim Selama Daerah Selama

Pajakan Negeri No. 138912 Lot No. 205005 Pajakan Negeri No. 138911 Lot No. 205004 H.S (D) 15201 P.T. No. 2971

334

184.8

Pegangan Pajakan (99 tahun tamat tempoh 29/03/2092) Pegangan Pajakan (99 tahun tamat tempoh 29/03/2092) Pegangan Pajakan (90 tahun tamat tempoh 27/11/2099)

10

17/12/2002

14

701

184.8

10

17/12/2002

15

768.9026

-

-

16/12/2002

Kelantan 16 Bandar Jeli, Mukim Jeli Tepi Sungai, Daerah Jeli Pahang 17 Bukit Kumbang Kg Kuala Krau Mukim Jenderak Daerah Temerloh Bukit Ridan, Muadzam Shah Mukim Keratong Daerah Rompin Bukit Bius, Mukim Kuala Lipis Daerah Lipis Wisma Celcom, Section 1 Bandar Indera Mahkota Industrial Zone Mukim Kuala Kuantan Daerah Kuantan Bukit Sembilan Baru Bukit Ibam, Mukim Keratong Mukim Keratong Daerah Rompin Bandar Jengka Mukim Chenor Bukit Peninjau Bukit Bukit Fraser Mukim Tras, Daerah Raub Bukit Indera Mahkota Mukim Kuala Kuantan Kuantan Kaw. Perindustrian Bentong Mukim Bentong, Bentong Bandar Tun Razak Mukim Keratong, Rompin H.S (M) 3638 P.T. No. 4537 743.2 Pegangan Pajakan (66 tahun tamat tempoh 13/10/2064) Pegangan Pajakan (66 tahun tamat tempoh 20/01/2063) Pegangan Pajakan (66 tahun tamat tempoh 02/02/2062) Pegangan Pajakan (66 tahun tamat tempoh 30/12/2058) 18/12/2002 H.S (D) 1/97 P.T. No. 4336 929 Pegangan Pajakan (30 tahun tamat tempoh 04/01/2027) 18/12/2002

18

H.S (M) 1554 P.T. No. 5445 H.S (D) 1632 P.T. No. 2312 H.S (M) 27037 P.T. No. 29425

2,094.05

-

-

17/12/2002

19

929

-

10

18/12/2002

20

2 ekar (0.809 hektar)

1404.67

11

17/12/2002

21

H.S (M) 3123 P.T. No. 7160

2,089.491

-

Pegangan Pajakan (66 tahun tamat tempoh 10/06/2017) Pegangan Pajakan (21 tahun tamat tempoh 10/06/2017) Pegangan Pajakan (99 tahun tamat tempoh 24/07/2096) Pegangan Pajakan (66 tahun tamat tempoh 28/10/2063) Pegangan Pajakan (66 tahun tamat tempoh 25/04/2068) Pegangan Pajakan (66 tahun tamat tempoh 02/09/2064)

-

17/12/2002

22

H.S (M) 11417 P.T. No. 12163 H.S (M) 1361 P.T. No. 1832 H.S (M) 42094 P.T. No. 50679 H.S (M) 4895 P.T. No. 17387 H.S (M) 4361 P.T. No. 5335

2,115.4

-

-

18/12/2002

23

661.192

-

-

18/12/2002

24

0.2096 hektar 2,650.612

-

-

18/12/2002

25

-

-

18/12/2002

26

2,092.48

-

-

17/12/2002

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 211 ]

Keterangan

Kegunaan Kini

Pemilik Berdaftar

Tanah (RM)

Bangunan (RM)

Jumlah (RM)

Nilai Buku Bersih (RM)

1 Bangunan Pertengahan dan 1 Lot Tepi 1 1/2 Kilang Separa Berkembar 1 Bangunan Pertengahan dan 1 Lot Tepi 1 1/2 Kilang Separa Berkembar Tanah Kosong Didirikan Menara dan Kabin

Bangunan dan Ibusawat Tetap

Alpha Canggih Sdn Bhd

68,000.00

67,000.00

135,000.00

403,850.56

Bangunan dan Ibusawat Tetap

Alpha Canggih Sdn Bhd

108,000.00

82,000.00

190,000.00

403,850.56

Tapak Stesen Pangkalan Radio

Cellular Communication Network (M) Sdn Bhd

50,000.00

165,000.00

215,000.00

16,015.95

Tanah Kosong Didirikan Menara dan Kabin

Tapak Stesen Pangkalan Radio

Cellular Communication Network (M) Sdn Bhd

40,000.00

-

40,000.00

16,148.52

Tanah Kosong Didirikan Menara dan Kabin

Tapak Stesen Pangkalan Radio

Cellular Communication Network (M) Sdn Bhd

40,000.00

200,000.00

240,000.00

2,947.38

Tanah Kosong Didirikan Menara dan Kabin Tanah Kosong Didirikan Menara dan Kabin Bangunan Pejabat 2 Tingkat

Tapak Stesen Pangkalan Radio Tapak Stesen Pangkalan Radio Pejabat

Cellular Communication Network (M) Sdn Bhd Cellular Communication Network (M) Sdn Bhd Alpha Canggih Sdn Bhd

113,000.00

160,000.00

273,000.00

7,357.73

30,000.00

160,000.00

190,000.00

21,221.43

1,307,000.00

1,280,000.00

2,587,000.00

3,242,833.02

Tanah Kosong Didirikan Menara dan Kabin

Tapak Stesen Pangkalan Radio

Cellular Communication Network (M) Sdn Bhd

56,000.00

160,000.00

216,000.00

1.00

Tanah Kosong Didirikan Menara dan Kabin Tanah Kosong Didirikan Menara dan Kabin Tanah Kosong Didirikan Menara dan Kabin Tanah Kosong Didirikan Menara dan Kabin Tanah Kosong Didirikan Menara dan Kabin

Tapak Stesen Pangkalan Radio Tapak Stesen Pangkalan Radio Tapak Stesen Pangkalan Radio Tapak Stesen Pangkalan Radio Tapak Stesen Pangkalan Radio

Cellular Communication Network (M) Sdn Bhd Celcom (M) Sdn Bhd

11,000.00

190,000.00

201,000.00

2,429.67

21,000.00

170,000.00

191,000.00

1.00

Cellular Communication Network (M) Sdn Bhd Celcom (M) Sdn Bhd

140,000.00

160,000.00

300,000.00

1.00

185,000.00

160,000.00

345,000.00

1.00

Cellular Communication Network (M) Sdn Bhd

68,000.00

160,000.00

228,000.00

1.00

[ 212 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

No. 27

Lokasi, Mukim, Daerah, Negeri Bukit Istana, Mukim Pedah Daerah Jerantut Karak, Mukim Sabai Daerah Bentong Bukit Kolam Air Raub Mukim Gali, Daerah Raub Lot 69 Estet Perindustrian Semambu Mukim Kuala Kuantan, Daerah Kuantan Bukit Senggora, Mukim Luit Daerah Maran

No. Hak Milik H.S (M) 6238 P.T. No. 11173 H.S (M) 3491 P.T. No. 4691 H.S. (M) 9971 P.T. No. 17227 H.S (D) 3993 P.T. No. 10143

Keluasan Tanah (meter persegi) 918.374

Keluasan Bangunan (meter persegi) -

Sifat Hartanah (Tempoh Hak Milik) Pegangan Pajakan (66 tahun tamat tempoh 07/11/2066) Pegangan Pajakan (66 tahun tamat tempoh 21/08/2061) Pegangan Pajakan (66 tahun tamat tempoh 09/07/2064) Pegangan Pajakan (66 tahun tamat tempoh 03/01/2045) Pegangan Pajakan (21 tahun tamat tempoh 10/12/2016)

Usia Bangunan (Tahun) -

Tarikh Penilaian 18/12/2002

28

929.03

-

-

18/12/2002

29

2,090.3157

-

-

18/12/2002

30

1.9362 ekar

1586.73

24

17/12/2002

31

H.S (M) 4016 P.T. No. 5660

1,600

-

-

18/12/2002

Terengganu 32 Bandar Bukit Besi, Mukim Besul Daerah Dungun Mukim Kijal, Kemaman H.S (M) 268 P.T. No. 1092 H.S (D) 2479 P.T. No. 3147 H.S (D) 2478 P.T. No. 3146 PM 216 Lot 2876 H.S (M) 2685 P.T. No. 5923 P.N. No. 3828 Lot No. 5251 2,708 Pegangan Pajakan (60 tahun tamat tempoh 28/11/2055) Pegangan Pajakan (60 tahun tamat tempoh 02/03/2056) Pegangan Pajakan (60 tahun tamat tempoh 02/03/2056) Pegangan Pajakan (60 tahun tamat tempoh 10/06/2056) Pegangan Pajakan (60 tahun tamat tempoh 20/07/2054) Pegangan Pajakan (60 tahun tamat tempoh 02/01/2055) 17/12/2002

33

37,160

106.79

-

17/12/2002

34

Mukim Kijal, Kemaman

28,060

1,400.73

24

17/12/2002

35

Bukit Pak Kancil Mukim Tasik, Daerah Setiu Bukit Jerung Mukim Bukit Payung Daerah Marang Bukit Besar Mukim Bukit Besar Kuala Terengganu Sabah

5,629

-

-

18/12/2002

36

1,059

-

-

18/12/2002

37

5,335

-

-

18/12/2002

38

Lot 1, Mile 5, Apas Road Tawau Jln Tuaran, Off Mile 5 Daerah Jesselton Kota Kinabalu

Country Lease 105486539 Country Lease 015-299699 Lot No. 15297

3.141 ekar (1.271 hektar) 0.215 hektar

-

Pegangan Pajakan (999 tahun tamat tempoh 24/10/2916) Pegangan Pajakan (60 tahun bermula dari tempoh 01/05/1966)

-

29/11/2002

39

14,960

-

29/11/2002

Sarawak 40 Pandaruan Land Mukim Limbang Grand of State Land, Lot 393 Block No. 9 Pandaruan Land District Grand of State Land, Lot 394 Block No. 9 Pandaruan Land District 4,654 Milikbebas (Grant In-Perpetuity) 09/1/2003

41

Pandaruan Land Mukim Limbang

2.509 hektar

-

Milikbebas (Grant In-Perpetuity)

12

09/1/2003

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 213 ]

Keterangan Tanah Kosong Didirikan Menara dan Kabin Tanah Kosong Didirikan Menara dan Kabin Tanah Kosong Didirikan Menara dan Kabin Bangunan 2 Tingkat / Gudang

Kegunaan Kini Tanah Kosong

Pemilik Berdaftar Cellular Communication Network (M) Sdn Bhd Cellular Communication Network (M) Sdn Bhd Cellular Communication Network (M) Sdn Bhd Alpha Canggih Sdn Bhd

Tanah (RM) 30,000.00

Bangunan (RM) -

Jumlah (RM) 30,000.00

Nilai Buku Bersih (RM) 1.00

Tapak Stesen Pangkalan Radio Tapak Stesen Pangkalan Radio Tapak Ibusawat Telefon Mudah Alih Tapak Stesen Pangkalan Radio Tapak Stesen Pangkalan Radio

70,000.00

160,000.00

230,000.00

1.00

123,000.00

195,000.00

318,000.00

1.00

2,110,000.00

1,406,000.00

3,516,000.00

3,278,299.56

Tanah Kosong Didirikan Menara dan Kabin

Celcom Microwave Sdn Bhd

17,000.00

180,000.00

197,000.00

1,969.98

Tanah Kosong Didirikan Menara dan Kabin Tanah Kosong Didirikan Orbcomm Gateway Earth Satelite Tanah Kosong Didirikan Orbcomm Gateway Earth Satelite Tanah Kosong Didirikan Menara dan Kabin Tanah Kosong Didirikan Menara dan Kabin Tanah Kosong Didirikan Menara dan Kabin

Tapak Stesen Pangkalan Radio Pusat Telekomunikasi dan Stesen Statelit Pusat Telekomunikasi dan Stesen Statelit Tapak Stesen Pangkalan Radio Tapak Stesen Pangkalan Radio Tapak Stesen Pangkalan Radio

Cellular Communication Network (M) Sdn Bhd Cellular Communication Network (M) Sdn Bhd Cellular Communication Network (M) Sdn Bhd Celcom (M) Sdn Bhd

40,000.00

-

40,000.00

3,248.45

2,295,000.00

171,000.00

2,466,000.00

260,541.71

2,420,000.00

3,534,000.00

5,954,000.00

196,740.58

100,000.00

-

100,000.00

21,456.13

Cellular Communication Network (M) Sdn Bhd Cellular Communication Network (M) Sdn Bhd

60,000.00

-

60,000.00

1.00

287,000.00

-

287,000.00

99,992.20

Tanah Kosong Didirikan Menara dan Kabin Bangunan Pejabat 3 Tingkat yang Juga Merupakan Kilang Setingkat

Tapak Ibusawat Telefon Mudah Alih Tapak Ibusawat Telefon Mudah Alih

Alpha Canggih Sdn Bhd

1,370,000.00

-

1,370,000.00

3,490,030.00

Cellular Communication Network (M) Sdn Bhd

810,000.00

850,000.00

1,660,000.00

1,614,519.05

Tanah Kosong Didirikan Menara dan Kabin

Tapak Stesen Pangkalan Radio

Alpha Canggih Sdn Bhd

60,000.00

-

60,000.00

1,116,437.50

Tanah Kosong Didirikan Menara dan Kabin

Tapak Stesen Pangkalan Radio

Alpha Canggih Sdn Bhd

275,000.00

-

275,000.00

1,116,437.50

[ 214 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

STATISTIK PEGANGAN SAHAM PADA 10 MAC 2003

Modal saham yang dibenarkan

: RM4,000,000,000

Modal saham yang diterbitkan dan dibayar : RM1,983,649,322 Jenis saham Hak-hak mengundi : Saham biasa bernilai RM1.00 setiap satu dibayar penuh : Satu undi bagi setiap pemegang saham dengan mengangkat tangan Satu undi bagi setiap saham secara undian (poll)

Analisis Pegangan Saham

A.

Pembahagian Pegangan Saham Saiz Pegangan Saham Saiz Pegangan Saham Kurang daripada 1,000 1,000 ke 10,000 10,001 ke 100,000 100,001 ke kurang dari 5% saham yang diterbitkan 5% dan lebih saham yang diterbitkan Jumlah Bilangan Pemegang 1,465 14,377 1,918 556 5 18,321 Bilangan Saham 77,319 45,747,630 58,787,375 883,465,859 995,571,139 1,983,649,322

% 0.00 2.31 2.96 44.54 50.19 100.00

B.

Senarai Tiga Puluh (30) Pemegang Saham Yang Terbesar Nama Pemegang-pemegang 1. CIMB Nominees (Tempatan) Sdn Bhd (Telekom Enterprise Sdn Bhd) 2. Cimsec Nominees (Tempatan) Sdn Bhd (Telekom Enterprise Sdn Bhd) 3. Employees Provident Fund Board 4. DeTeAsia Holding GmbH 5. OSK Nominees (Tempatan) Sdn Berhad (Lembaga Tabung Haji) 6. Naluri Berhad 7. RHB Nominees (Tempatan) Sdn Bhd (Telekom Enterprise Sdn Bhd) 8. Cimsec Nominees (Tempatan) Sdn Bhd (Telekom Malaysia Berhad) 9. Khazanah Nasional Berhad 10. Amsec Nominees (Tempatan) Sdn Bhd (Telekom Enterprise Sdn Bhd) 11. DB (Malaysia) Nominee (Asing) Sdn Bhd (UBS AG (LDN BR IPB/SES)) 12. HSBC Nominees (Asing) Sdn Bhd (BNY Brussels for the Great Eastern Life Assurance Co. Ltd) Bilangan Saham 260,870,500 % 13.15

239,006,000

12.05

207,218,000 158,476,639 130,000,000

10.45 7.99 6.55

69,072,000 50,392,000

3.48 2.54

40,534,000

2.04

28,296,000 28,200,000

1.43 1.42

27,976,000

1.41

23,076,000

1.16

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 215 ]

13. AMMB Nominees (Tempatan) Sdn Bhd (Amtrustee Berhad for BHLB Pacific Dana Al-Ihsan (5/2-7)) 14. Mayban Securities Nominees (Tempatan) Sdn Bhd (Pledged Securities Account for Newtracks Sdn Bhd (REM 167)) 15. Koh Yoke Chai 16. OSK Nominees (Tempatan) Sdn Berhad (Pledged Securities Account for Polynamic Sdn Bhd) 17. Cartaban Nominees (Asing) Sdn Bhd (SSBT Fund P001 for Morgan Stanley Investment Management Emerging Markets Trust) 18. Universal Trustee (Malaysia) Berhad (BHLB Pacific High Growth Fund) 19. Cartaban Nominees (Asing) Sdn Bhd (Boston Safe Deposit and Trust Company for Commonwealth of Pennsylvania Public School Employees Retirement System) 20. DB (Malaysia) Nominee (Asing) Sdn Bhd (Deutsche Bank AG London for CS Opportunistic Strategy Ltd) 21. DB (Malaysia) Nominee (Asing) Sdn Bhd (Deutsche Bank AG London for Diversified Asian Strategies Fund) 22. HSBC Nominees (Asing) Sdn Bhd (CMB LDN for Trustees of BT Pensions Scheme) 23. Cartaban Nominees (Asing) Sdn Bhd (Government of Singapore Investment Corporation Pte Ltd for Government of Singapore (C)) 24. Malaysia Nominees (Tempatan) Sendirian Berhad (Great Eastern Life Assurance (Malaysia) Berhad (PAR 1)) 25. HSBC Nominees (Asing) Sdn Bhd (BBH and Co Boston for President and Fellows of Harvard College (HCM)) 26. HSBC Nominees (Tempatan) Sdn Bhd (HSBC (M) Trustee Bhd for OSK-UOB Equity Trust (3175)) 27. Mayban Securities Nominees (Asing) Sdn Bhd (Mayban Nominees (S) Pte Ltd) 28. HSBC Nominees (Tempatan) Sdn Bhd (HSBC (Malaysia) Trustee Berhad for Amanah Saham Sarawak) 29. AM Nominees (Tempatan) Sdn Bhd (Pertubuhan Keselamatan Sosial) 30. Cartaban Nominees (Asing) Sdn Bhd (Boston Safe Deposit and Trust Company for SBC Pension Benefit Plan) Jumlah

21,228,000

1.07

14,489,000

0.73

14,000,000 13,000,000

0.71 0.66

11,989,000

0.60

11,161,000

0.56

10,733,000

0.54

8,649,000

0.44

8,649,000

0.44

8,000,000

0.40

7,404,000

0.37

6,415,000

0.32

6,325,000

0.32

6,084,000

0.31

6,049,000

0.30

6,008,000

0.30

5,940,000

0.30

5,763,000

0.29

1,435,003,139

72.34

[ 216 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

C. Pemegang Saham Substansial (seperti yang disenaraikan di dalam Daftar Pemegang Saham Substansial)
Nama Pemegang Saham Substansial Pegangan Saham % Nota

1. DeTeAsia Holding GmbH 2. Deutsche Telekom AG 3. Telekom Malaysia Berhad 4. Telekom Enterprise Sdn Bhd 5. Employees Provident Fund Board 6. Lembaga Tabung Haji Nota: (Tidak Langsung) ( Langsung) (Tidak Langsung)

158,476,639 158,476,639 41,428,000 578,468,500 578,468,500 220,227,000 134,684,000

7.99 7.99 2.09 29.16 29.16 11.10 6.79 A B

A: Deutsche Telekom AG mempunyai kepentingan tidak langsung di dalam saham-saham yang dipegang oleh DeTeAsia Holding GmbH (DeTeAsia) berdasarkan 100% kepentingan di dalam DeTeAsia. B: Telekom Malaysia Berhad mempunyai kepentingan tidak langsung di dalam saham-saham yang dipegang oleh Telekom Malaysia Enterprise Sdn Bhd berdasarkan 100% kepentingan di dalam Telekom Enterprise Sdn Bhd.

D. Pegangan Saham Pengarah (seperti yang disenaraikan di dalam Daftar Pegangan Saham Pengarah)
Bilangan Saham Langsung Bilangan Saham Tidak Langsung %

Dato’ Dr Mohd Munir bin Abdul Majid Dato’ Mohamed Yunus Ramli bin Abbas Dato’ Abdul Rahman bin Haji Ismail Dato’ Ng Kong Yeam Dato’ Lim Kheng Guan Rosli bin Man Tan Poh Keat Shamsuddin bin Mohd Rasom Azzat bin Kamaludin Ismael Fariz bin Ali Axel Hass Joerg Andreas Boy Oliver Tim Axmann (Pengaran Gantian kepada Axel Hass) Dieter Sieber (Pengarah Gantian kepada Joerg Andreas Boy)

— — — 3,500,000 — — 22,000 — — — — — —

— — — — — — — — — — — — —

— — — — — — — — — — — — —

—

—

—

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 217 ]

Pegangan Saham Pengarah di dalam anak syarikat dan syarikat bersekutu.
Bilangan saham Langsung % Bilangan saham Tidak Langsung %

Dato’ Dr Mohd Munir bin Abdul Majid Tiada Dato’ Mohamed Yunus Ramli bin Abbas Tiada Dato’ Abdul Rahman bin Haji Ismail Tiada Dato’ Ng Kong Yeam Tiada Dato’ Lim Kheng Guan Tiada Rosli bin Man Tiada Tan Poh Keat Tiada Shamsuddin bin Mohd Rasom Tiada Azzat bin Kamaludin Tiada Ismael Fariz bin Ali Tiada Axel Hass Tiada Joerg Andreas Boy Tiada Oliver Tim Axmann (Pengarah Gantian kepada Axel Hass) Tiada Dieter Sieber (Pengarah Gantian kepada Joerg Andreas Boy) Tiada

— — — — — — — — — — — —

— — — — — — — — — — — —

— — — — — — — — — — — — —

— — — — — — — — — — — — —

—

—

—

—

[ 218 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

NOTICE OF ANNUAL GENERAL MEETING
NOTIS MESYUARAT AGUNG TAHUNAN

NOTICE IS HEREBY GIVEN that the Fifteenth Annual General Meeting of Celcom (Malaysia) Berhad will be held at the Grand Ballroom, Level 2, Hotel Nikko Kuala Lumpur, 165 Jalan Ampang, 50450 Kuala Lumpur on Tuesday, 13 May 2003 at 10.00 a.m. to transact the following business:
A. Ordinary Business 1. To receive and adopt the Audited Financial Statements of the Company and the Group for the financial year ended 31 December 2002 together with the Reports of the Directors and Auditors thereon.
Resolution 1

DENGAN INI DIMAKLUMKAN BAHAWA Mesyuarat Agung Tahunan Celcom (Malaysia) Berhad yang keLimabelas akan diadakan di Grand Ballroom, Aras 2, Hotel Nikko Kuala Lumpur, 165 Jalan Ampang, 50450 Kuala Lumpur pada hari Selasa, 13 Mei 2003 jam 10.00 pagi untuk urusan-urusan berikut:
A. Urusan Biasa

1. Mempertimbangkan dan menerima Penyata Kewangan Syarikat dan Kumpulan yang Diaudit bagi tahun kewangan berakhir 31 Disember 2002 berserta Laporan-laporan Pengarah dan Juruaudit berkaitan dengannya.
Resolusi 1

2. To re-elect the following Director retiring under Article 73 of the Company’s Articles of Association, and who, being eligible, offers himself for re-election:

i.

Axel Hass

Resolution 2

2. Melantik semula Pengarah berikut yang bersara di bawah Artikel 73, Tatacara Syarikat, di mana beliau layak dan menawarkan diri untuk perlantikan semula. i. Axel Hass Resolusi 2

3. To re-elect the following Directors retiring under Article 78 of the Company’s Articles of Association, and who, being eligible, offer themselves for re-election:

i.

Dato’ Dr Mohd Munir bin Abdul Majid
Resolution 3

3. Melantik semula Pengarah-pengarah berikut yang bersara di bawah Artikel 78, Tatacara Syarikat di mana mereka layak dan menawarkan diri untuk perlantikan semula: i. Dato’ Dr Mohd Munir bin Abdul Majid
Resolusi 3

ii.

Dato’ Mohamed Yunus Ramli bin Abbas
Resolution 4

ii.

Dato’ Mohamed Yunus Ramli bin Abbas
Resolusi 4

iii. iv. v. vi. vii.

Dato’ Ng Kong Yeam Dato’ Lim Kheng Guan Rosli bin Man Azzat bin Kamaludin Ismael Fariz bin Ali

Resolution 5 Resolution 6 Resolution 7

iii. iv. v.

Dato’ Ng Kong Yeam Dato’ Lim Kheng Guan Rosli bin Man Azzat bin Kamaludin Ismael Fariz bin Ali

Resolusi 5 Resolusi 6 Resolusi 7 Resolusi 8 Resolusi 9 Resolusi 10 Resolusi 11

Resolution 8

vi.
Resolution 9 Resolution 10 Resolution 11

vii.

viii. Tan Poh Keat ix.
Joerg Andreas Boy

viii. Tan Poh Keat ix. Joerg Andreas Boy

4. To re-elect the following Director, who has attained the age of 70 and retiring under Section 129 of the Companies Act, 1965, and who, being eligible, offers himself for re-election:

4. Melantik semula Pengarah berikut, yang telah mencapai umur 70 tahun dan akan bersara di bawah Seksyen 129 Akta Syarikat, 1965, di mana beliau layak dan menawarkan diri untuk perlantikan semula:

i.

Dato’ Abdul Rahman bin Haji Ismail
Resolution 12

i.

Dato’ Abdul Rahman bin Haji Ismail
Resolusi 12

5. To approve the Directors’ fees for the financial year ended 31 December 2002. Resolution 13

5. Meluluskan yuran para Pengarah bagi tahun kewangan berakhir 31 Disember 2002. Resolusi 13

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 219 ]

6. To appoint Messrs PricewaterhouseCoopers as Auditors of the Company in place of the retiring Auditors, Messrs Arthur Andersen & Co. and to authorise the Directors to fix their remuneration.
Resolution 14

6. Melantik Tetuan PricewaterhouseCoopers sebagai Juruaudit Syarikat bagi menggantikan Juruaudit yang akan bersara, Tetuan Arthur Andersen & Co. dan memberi kuasa kepada Lembaga Pengarah untuk menetapkan ganjaran mereka. Resolusi 14 Notis Penamaan mengikut Seksyen 172 (11) Akta Syarikat, 1965, di mana salinannya dikemukakan dan ditanda “Lampiran A”, telah diterima oleh Syarikat untuk penamaan Tetuan PricewaterhouseCoopers, yang telah memberi persetujuan untuk bertindak sebagai Juruaudit dan bagi mencadangkan Resolusi Biasa berikut: “BAHAWA Tetuan PricewaterhouseCoopers dengan ini dilantik sebagai Juruaudit Syarikat bagi menggantikan Juruaudit yang akan bersara, Tetuan Arthur Andersen & Co., dan akan memegang jawatan sehingga tamatnya Mesyuarat Agung Tahunan yang akan datang dengan ganjaran yang akan ditetapkan oleh para Pengarah.”

Notice of Nomination pursuant to Section 172(11) of the Companies Act, 1965, a copy of which is set out and marked “Annexure A”, has been received by the Company for the nomination of Messrs PricewaterhouseCoopers, who have given their consent to act, for appointment as Auditors and of the intention to propose the following Ordinary Resolution: “THAT Messrs PricewaterhouseCoopers be and are hereby appointed as Auditors of the Company in place of the retiring Auditors, Messrs Arthur Andersen & Co., to hold office until the conclusion of the next Annual General Meeting at a remuneration to be determined by the Directors.”

B. Urusan Khas B. Special Business 7. To consider and, if thought fit, to pass the following Ordinary Resolutions: Ordinary Resolution 1 Renewal of and New Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature to be entered into with DeTeAsia Group
Resolution 15

7.

Menimbang dan sekiranya di fikirkan wajar, meluluskan Resolusi-resolusi Biasa berikut:

Resolution Biasa 1 Pembaharuan dan Mandat Baru Para Pemegang Saham bagi Urusniaga Berulang dengan pihak Berkaitan Bersifat Pendapatan atau Perniagaan yang akan dijalankan dengan Kumpulan DeTeAsia Resolusi 15

“THAT, subject to the Companies Act, 1965 (the “Act”), the Memorandum and Articles of Association of the Company and the Listing Requirements of the Kuala Lumpur Stock Exchange, approval be and is hereby given to the Company and its subsidiaries (the “Group”) to enter into recurrent related party transactions of a revenue or trading nature as specified in Section 2.5 of the Circular to Shareholders of the Company dated 21 April 2003 (“Circular”) with DeTeAsia Group (as defined in the Circular) which are necessary for the Group’s day-to-day operations subject further to the following: a. the transactions are in the ordinary course of business and are on normal commercial terms which are not more favourable to the related parties than those available to the public and are on terms not to the detriment of the minority shareholders; and

“BAHAWA, tertakluk kepada Akta Syarikat, 1965 (“Akta”), Tataujud dan Tatacara Syarikat dan Peraturan-peraturan Penyenaraian Bursa Saham Kuala Lumpur (“BSKL”), kelulusan dengan ini diberi kepada Syarikat dan anak-anak Syarikat (“Kumpulan”) untuk menjalankan urusniaga berulang dengan pihak berkaitan bersifat pendapatan atau perniagaan seperti yang dinyatakan di bawah Seksyen 2.5 Pekeliling kepada para Pemegang Saham bertarikh 21 April 2003 (“Pekeliling”) dengan Kumpulan DeTeAsia (seperti yang didefinasikan di dalam Pekeliling) yang mana adalah perlu untuk operasi harian Kumpulan tertakluk seterusnya kepada perkara berikut: a. urusniaga-urusniaga tersebut adalah dalam urusan biasa perniagaan dan atas terma-terma komersial biasa yang tidak memihak kepada pihak-pihak yang berkaitan jika dibandingkan dengan apa yang diperolehi oleh pihak umum dan terma-terma yang tidak memudaratkan para pemegang saham minoriti; dan

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b. disclosure is made in the Annual Report of the aggregate value of transactions conducted during the financial year pursuant to the approval hereby given;

b. penzahiran dibuat di dalam Laporan Tahunan mengenai jumlah nilai urusniaga-urusniaga yang dijalankan semasa tahun kewangan selaras dengan kelulusan yang diberikan;

AND THAT, such approval shall continue to be in force until: a. the conclusion of the next Annual General Meeting (“AGM”) of the Company , at which time the approval hereby given will lapse, unless a resolution for renewal is passed at the said AGM; b. the expiration of the period within which the next AGM of the Company is required to be held pursuant to Section 143(1) of the Act (but shall not extend to such extension as may be allowed pursuant to Section 143(2) of the Act); or c. revoked or varied by resolution passed by the shareholders in an AGM or Extraordinary General Meeting, whichever is earlier;

DAN BAHAWA, kelulusan tersebut akan berkuatkuasa seterusnya sehingga: a. tamatnya Mesyuarat Agung Tahunan (“AGM”) Syarikat yang akan datang, di mana kelulusan yang diberikan akan luput, melainkan resolusi pembaharuan diluluskan di AGM tersebut; b. luputnya tempoh bagi mengadakan AGM Syarikat yang akan datang menurut Seksyen 143(1), Akta (tetapi tidak akan melebihi tempoh lanjutan yang dibenarkan selaras dengan Seksyen 143(2), Akta ); atau c. dibatalkan atau dipinda melalui resolusi yang diluluskan oleh para pemegang saham di AGM atau Mesyuarat Agung Tahunan Luarbiasa, yang mana terdahulu;

AND THAT, in making the disclosure of the aggregate value of the recurrent related party transactions conducted pursuant to the proposed shareholders’ approval in the Company’s Annual Reports, the Company shall provide a breakdown of the aggregate value of the recurrent related party transactions made with the DeTeAsia Group during the financial year, amongst others, based on the type of the recurrent related party transactions made; AND THAT the Directors and/or any of them be and are hereby authorised to complete and do all such acts and things (including executing such documents as may be required) to give effect to the transactions contemplated and/or authorised by this resolution”.

DAN BAHAWA, di dalam membuat penzahiran jumlah nilai urusniaga berulang dengan pihak berkaitan yang dijalankan menurut cadangan kelulusan para pemegang saham di dalam Laporan Tahunan Syarikat, Syarikat akan menyediakan pecahan jumlah nilai urusniaga berulang dengan pihak berkaitan yang dijalankan dengan Kumpulan DeTeAsia semasa tahun kewangan, diantaranya berdasarkan jenis urusniaga berulang dengan pihak berkaitan yang telah dilakukan; DAN BAHAWA, para Pengarah dan/atau sesiapa di antara mereka adalah dengan ini diberi kuasa untuk melengkapkan dan menjalankan segala tindakan dan perkara (termasuk penyempurnaan dokumen yang mungkin diperlukan) untuk memberi kesan sepenuhnya kepada urusniaga yang terkandung dan/atau dibenarkan oleh resolusi ini”.

Ordinary Resolution 2 Renewal of and New Shareholders’ Mandate For Recurrent Related Party Transactions of a Revenue or Trading Nature to be entered into with TMB Group.
Resolution 16

Resolusi Biasa 2 Pembaharuan dan Mandat Baru Para Pemegang Saham bagi Urusniaga Berulang dengan pihak Berkaitan Bersifat Pendapatan atau Perniagaan yang akan dijalankan dengan Kumpulan TMB
Resolusi 16

“THAT, subject to the Companies Act, 1965 (the “Act”), the Memorandum and Articles of Association of the Company and the Listing Requirements of the Kuala Lumpur Stock Exchange, approval be and is hereby given to the Company and its subsidiaries (the “Group”) to enter into recurrent related party transactions of a revenue or trading nature as specified in Section 2.5 of the Circular to Shareholders of the Company dated

“BAHAWA, tertakluk kepada Akta Syarikat 1965 (“Akta”), Tataujud dan Tatacara Syarikat dan Peraturan-peraturan Penyenaraian Bursa Saham Kuala Lumpur (“BSKL”), kelulusan dengan ini diberi kepada Syarikat dan anak-anak Syarikat (“Kumpulan”) untuk menjalankan urusniaga berulang dengan pihak berkaitan bersifat pendapatan atau perniagaan seperti yang dinyatakan di bawah Seksyen 2.5 Pekeliling kepada para Pemegang Saham bertarikh

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21 April 2003 (“Circular”) with TMB Group (as defined in the Circular) which are necessary for the Group’s day-today operations subject further to the following: a. the transactions are in the ordinary course of business and are on normal commercial terms which are not more favourable to the related parties than those available to the public and are on terms not to the detriment of the minority shareholders; and b. disclosure is made in the Annual Report of the aggregate value of transactions conducted during the financial year pursuant to the approval hereby given;

21 April 2003 (“Pekeliling”) dengan Kumpulan TMB (seperti yang didefinasikan di dalam Pekeliling) yang mana adalah perlu untuk operasi harian Kumpulan tertakluk seterusnya kepada perkara berikut: a. urusniaga-urusniaga tersebut adalah dalam urusan biasa perniagaan dan atas terma-terma komersial biasa yang tidak memihak kepada pihak-pihak yang berkaitan jika dibandingkan dengan apa yang diperolehi oleh pihak umum dan terma-terma yang tidak memudaratkan pemegang-pemegang saham minoriti; dan b. penzahiran dibuat didalam Laporan Tahunan mengenai jumlah nilai urusniaga-urusniaga yang dijalankan semasa tahun kewangan selaras dengan kelulusan yang diberikan;

AND THAT, such approval shall continue to be in force until: a. the conclusion of the next Annual General Meeting (“AGM”) of the Company, at which time the approval hereby given will lapse, unless a resolution for renewal is passed at the said AGM; b. the expiration of the period within which the next AGM of the Company is required to be held pursuant to Section 143(1) of the Act (but shall not extend to such extension as may be allowed pursuant to Section 143(2) of the Act); or c. revoked or varied by resolution passed by the shareholders in an AGM or Extraordinary General Meeting,

DAN BAHAWA, kelulusan tersebut akan berkuatkuasa seterusnya sehingga: a. tamatnya Mesyuarat Agung Tahunan (“AGM”) Syarikat yang akan datang, di mana kelulusan yang diberikan akan luput, melainkan resolusi pembaharuan diluluskan di AGM tersebut; b. luputnya tempoh bagi mengadakan AGM Syarikat yang akan datang menurut Seksyen 143(1), Akta (tetapi tidak akan melebihi tempoh lanjutan yang dibenarkan selaras dengan Seksyen 143(2), Akta ); atau c. dibatalkan atau dipinda melalui resolusi yang diluluskan oleh para pemegang saham di AGM atau Mesyuarat Agung Tahunan Luarbiasa, yang mana terdahulu;

whichever is earlier;

AND THAT, in making the disclosure of the aggregate value of the recurrent related party transactions conducted pursuant to the proposed shareholders’ approval in the Company’s Annual Reports, the Company shall provide a breakdown of the aggregate value of the recurrent related party transactions made with the TMB Group during the financial year, amongst others, based on the type of the recurrent related party transactions made; AND THAT the Directors and/or any of them be and are hereby authorised to complete and do all such acts and things (including executing such documents as may be required) to give effect to the transactions contemplated and/or authorised by this resolution”.

DAN BAHAWA, di dalam membuat penzahiran jumlah nilai urusniaga berulang dengan pihak berkaitan yang dijalankan menurut cadangan kelulusan para pemegang saham di dalam Laporan Tahunan Syarikat, Syarikat akan menyediakan pecahan jumlah nilai urusniaga berulang dengan pihak berkaitan yang dijalankan dengan Kumpulan TMB semasa tahun kewangan, diantaranya berdasarkan jenis urusniaga berulang dengan pihak berkaitan yang telah dilakukan; DAN BAHAWA, para Pengarah dan/atau sesiapa di antara mereka adalah dengan ini diberi kuasa untuk melengkapkan dan menjalankan segala tindakan dan perkara (termasuk penyempurnaan dokumen yang mungkin diperlukan) untuk memberi kesan sepenuhnya kepada urusniaga yang terkandung dan/atau dibenarkan oleh resolusi ini”.

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Ordinary Resolution 3 New Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature to be entered into with Tan Sri Dato’ Tajudin bin Ramli and His Related Companies
Resolution 17

Resolusi Biasa 3 Mandat Baru Para Pemegang Saham bagi Urusniaga Berulang dengan pihak Berkaitan Bersifat Pendapatan atau Perniagaan yang akan dijalankan dengan Tan Sri Dato’ Tajudin bin Ramli dan Syarikat-syarikat yang berkaitan dengannya
Resolusi 17

“THAT, subject to the Companies Act, 1965 (the “Act”), the Memorandum and Articles of Association of the Company and the Listing Requirements of the Kuala Lumpur Stock Exchange, approval be and is hereby given to the Company and its subsidiaries (the “Group”) to enter into recurrent related party transactions of a revenue or trading nature as specified in Section 2.5 of the Circular to Shareholders of the Company dated 21 April 2003 (“Circular”) with Tan Sri Dato’ Tajudin bin Ramli and his related companies (as defined in the Circular) which are necessary for the Group’s day-to-day operations subject further to the following: a. the transactions are in the ordinary course of business and are on normal commercial terms which are not more favourable to the related parties than those available to the public and are on terms not to the detriment of the minority shareholders; and b. disclosure is made in the Annual Report of the aggregate value of transactions conducted during the financial year pursuant to the approval hereby given;

“BAHAWA, tertakluk kepada Akta Syarikat, 1965 (“Akta”), Tataujud dan Tatacara Syarikat dan Peraturan-peraturan Penyenaraian Bursa Saham Kuala Lumpur (“BSKL”), kelulusan dengan ini diberi kepada Syarikat dan anak-anak Syarikat (“Kumpulan”) untuk menjalankan urusniaga berulang dengan pihak berkaitan bersifat pendapatan atau perniagaan seperti yang dinyatakan dibawah Seksyen 2.5 Pekeliling kepada para Pemegang Saham bertarikh 21 April 2003 (“Pekeliling”) dengan Tan Sri Dato’ Tajudin bin Ramli dan syarikat-syarikat yang berkaitan dengannya (seperti yang didefinasikan di dalam Pekeliling) yang mana adalah perlu untuk operasi harian Kumpulan tertakluk seterusnya kepada perkara berikut: a. urusniaga-urusniaga tersebut adalah dalam urusan biasa perniagaan dan atas terma-terma komersial biasa yang tidak memihak kepada pihak-pihak yang berkaitan jika dibandingkan dengan apa yang diperolehi oleh pihak umum dan terma-terma yang tidak memudaratkan para pemegang saham minoriti; dan b. penzahiran dibuat didalam Laporan Tahunan syarikat jumlah nilai urusniaga-urusniaga yang dijalankan semasa tahun kewangan selaras dengan kelulusan yang diberikan;

AND THAT, such approval shall continue to be in force until: a. the conclusion of the next Annual General Meeting (“AGM”) of the Company, at which time the approval hereby given will lapse, unless a resolution for renewal is passed at the said AGM; b. the expiration of the period within which the next AGM of the Company is required to be held pursuant to Section 143(1) of the Act (but shall not extend to such extension as may be allowed pursuant to Section 143(2) of the Act); or c. revoked or varied by resolution passed by the shareholders in an AGM or Extraordinary General Meeting,

DAN BAHAWA, kelulusan tersebut akan berkuatkuasa seterusnya sehingga: a. tamatnya Mesyuarat Agung Tahunan (“AGM”) Syarikat yang akan datang, di mana kelulusan yang diberikan akan luput, melainkan resolusi pembaharuan diluluskan di AGM tersebut; b. luputnya tempoh bagi mengadakan AGM Syarikat yang akan datang menurut Seksyen 143(1), Akta (tetapi tidak akan melebihi tempoh lanjutan yang dibenarkan selaras dengan Seksyen 143(2), Akta ); atau c. dibatalkan atau dipinda melalui resolusi yang diluluskan oleh para pemegang saham di AGM atau Mesyuarat Agung Tahunan Luarbiasa, yang mana terdahulu;

whichever is earlier;

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AND THAT, in making the disclosure of the aggregate value of the recurrent related party transactions conducted pursuant to the proposed shareholders’ approval in the Company’s Annual Reports, the Company shall provide a breakdown of the aggregate value of the recurrent related party transactions made with Tan Sri Dato’ Tajudin bin Ramli and his related companies during the financial year, amongst others, based on the type of the recurrent related party transactions made; AND THAT the Directors and/or any of them be and are hereby authorised to complete and do all such acts and things (including executing such documents as may be required) to give effect to the transactions contemplated and/or authorised by this resolution.”

DAN BAHAWA, di dalam membuat penzahiran jumlah nilai urusniaga berulang dengan pihak berkaitan yang dijalankan menurut cadangan kelulusan para pemegang saham di dalam Laporan Tahunan Syarikat, Syarikat akan menyediakan pecahan jumlah nilai urusniaga berulang dengan pihak berkaitan yang dijalankan dengan Tan Sri Dato’ Tajudin bin Ramli dan syarikat-syarikat yang berkaitan dengannya semasa tahun kewangan, diantaranya berdasarkan jenis urusniaga berulang dengan pihak berkaitan yang telah dilakukan; DAN BAHAWA, para Pengarah dan/atau sesiapa di antara mereka adalah dengan ini diberi kuasa untuk melengkapkan dan menjalankan segala tindakan dan perkara (termasuk penyempurnaan dokumen yang mungkin diperlukan) untuk memberi kesan sepenuhnya kepada urusniaga yang terkandung dan/atau dibenarkan oleh resolusi ini”.

Ordinary Resolution 4 Authority to issue shares pursuant to Section 132D of the Companies Act, 1965. Resolution 18

Resolusi Biasa 4

“THAT pursuant to Section 132D of the Companies Act, 1965 and subject to the approvals of the relevant governmental/regulatory authorities, full authority be and is hereby given to the Directors to issue shares in the capital of the Company from time to time at such price upon such terms and conditions for such purposes and to such person or persons whomsoever as the Directors may in their absolute discretion deem fit provided that the aggregate number of shares to be issued pursuant to this Resolution does not exceed 10% of the issued share capital of the Company for the time being, subject to the Companies Act, 1965, the Articles of Association of the Company and approval from the Kuala Lumpur Stock Exchange (“KLSE”) and other relevant bodies where such approval is necessary AND THAT the Directors be and are hereby empowered to obtain the approval from the KLSE for the listing and quotation for the additional shares so issued AND THAT such authority shall continue in force until the conclusion of the next Annual General Meeting of the Company.”

Kuasa untuk menerbitkan saham-saham menurut Seksyen 132D Akta Syarikat, 1965. Resolusi 18 “BAHAWA menurut Seksyen 132D Akta Syarikat,1965, dan tertakluk kepada kelulusan badan-badan kerajaan/pihak berkuasa berkaitan, kuasa sepenuhnya diberikan kepada para Pengarah untuk menerbitkan saham-saham Syarikat pada bila-bila masa, pada mana-mana harga mengikut syarat-syarat dan peraturan-peraturan tertentu bagi tujuantujuan yang tertentu dan untuk seseorang atau lebih mengikut pertimbangan yang difikirkan layak oleh para Pengarah, dengan syarat jumlah agregat saham-saham yang diterbitkan tidak melebihi 10% daripada modal terbitan Syarikat pada waktu tersebut tertakluk kepada Akta Syarikat, 1965, Tatacara Syarikat serta kelulusan Bursa Saham Kuala Lumpur (“BSKL”) dan semua pihak berkuasa yang berkenaan, dimana kelulusan tersebut perlu DAN BAHAWA para Pengarah dengan ini diberikuasa untuk memohon kelulusan dari BSKL bagi penyenaraian dan penyiaranharga bagi saham-saham tambahan yang telah diterbitkan DAN BAHAWA kuasa tersebut akan berkuatkuasa seterusnya sehingga tamatnya Mesyuarat Agung Tahunan Syarikat yang akan datang.”

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C. Any Other Ordinary Business 8. To transact any other ordinary business of which due notice has been given in accordance with the Companies Act, 1965.

C. Lain Lain Urusan Biasa

8. Menguruskan sebarang urusan biasa di mana notis yang berkenaan telah dikeluarkan mengikut peruntukan Akta Syarikat, 1965.

BY ORDER OF THE BOARD SURYANI HUSSEIN (LS 005597) Company Secretary Kuala Lumpur 21 April 2003

DENGAN PERINTAH LEMBAGA PENGARAH SURYANI HUSSEIN (LS 005597) Setiausaha Syarikat

Kuala Lumpur 21 April 2003

Explanatory note on item 7 of the Agenda
1. Resolution 15 – Renewal of and New Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature to be entered into with DeTeAsia Group. Resolution 16 – Renewal of and New Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature to be entered into with TMB Group. Resolution 17 – Proposed New Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature to be entered into with Tan Sri Dato’ Tajudin bin Ramli and His Related Companies. The proposed resolutions 15 – 17, if passed, will empower the Company and its subsidiaries to conduct transactions of a revenue or trading nature with the related parties. Please refer to the Circular to Shareholders dated 21 April 2003 for more information.

Nota Penerangan tentang Perkara 7 dari Agenda
1. Resolusi 15 – Pembaharuan dan Mandat Baru Para

Pemegang Saham bagi Urusniaga Berulang dengan pihak Berkaitan Bersifat Pendapatan atau Perniagaan yang akan dijalankan dengan Kumpulan DeTeAsia.
Resolusi 16 – Pembaharuan dan Mandat Baru Para

Pemegang Saham bagi Urusniaga Berulang dengan pihak Berkaitan Bersifat Pendapatan atau Perniagaan yang akan dijalankan dengan Kumpulan TMB.
Resolusi 17 – Mandat Baru Para Pemegang Saham bagi

Urusniaga Berulang dengan pihak Berkaitan Bersifat Pendapatan atau Perniagaan yang akan dijalankan dengan Tan Sri Dato’ Tajudin bin Ramli dan Syarikatsyarikat yang berkaitan dengannya.
Cadangan resolusi-resolusi 15 – 17, sekiranya diluluskan, akan memberi kuasa kepada Syarikat dan anak-anak syarikat untuk menjalankan urusniaga bersifat pendapatan atau perniagaan dengan pihak-pihak berkaitan. Sila rujuk kepada Pekeliling Para Pemegang Saham bertarikh 21 April 2003 untuk maklumat lanjut.

2.

Resolution 18 – Authority to issue shares pursuant to Section 132D of the Companies Act, 1965. The proposed resolution 18, if passed, will give the Directors of the Company, from the date of this Annual General Meeting, authority to issue and allot ordinary shares from the unissued capital of the Company being for such purposes as the Directors consider would be in the interest of the Company. This authority will, unless revoked or varied by the Company in a general meeting, expire at the next annual general meeting.

2.

Resolusi 18 – Kuasa untuk menerbitkan saham menurut Seksyen 132D Akta Syarikat, 1965.
Cadangan resolusi 18, sekiranya diluluskan, akan memberikan para Pengarah Syarikat, daripada tarikh Mesyuarat Agung Tahunan di atas, kuasa untuk menerbit dan memperuntukkan saham-saham biasa daripada modal Syarikat yang belum diterbitkan, pada pertimbangan para Pengarah, untuk kepentingan Syarikat. Kuasa ini akan, kecuali dimansuhkan atau diubah oleh Syarikat di dalam mesyuarat agung, tamat pada mesyuarat agung tahunan yang akan datang.

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Notes:
1. A member entitled to attend and vote at the Annual General Meeting is entitled to appoint not more than two (2) persons, whether a member or not, as his/her proxy or proxies to attend and vote in his/her stead. Where a member appoints two (2) proxies, the member shall specify the proportion of the member’s shareholding to be represented by each proxy. Where a member of the Company is an authorised nominee as defined under the Securities Industry (Central Depositories) Act, 1991 it may appoint at least one (1) proxy in respect of each securities account it holds with ordinary shares of the Company standing to the credit of the said securities account. A proxy need not be a member of the Company. A member may appoint any person to be his/her proxy without limitation.

Nota:
1. Seseorang ahli yang berhak menghadiri dan mengundi di Mesyuarat Agung Tahunan berhak melantik tidak lebih dari dua (2) orang, samada ahli Syarikat atau tidak, sebagai proksi / proksi-proksi untuk menghadiri dan mengundi bagi pihak beliau. Sekiranya ahli melantik dua (2) proksi, beliau harus menetapkan kadar saham ahli untuk diwakili oleh setiap proksi. Di mana ahli Syarikat adalah penama yang diberi kuasa seperti yang dimaksudkan di bawah Akta Sekuriti Industri (Depositori Pusat), 1991, beliau berhak melantik sekurang-kurangnya satu (1) proksi bagi setiap akaun sekuriti saham biasa yang dipegang di dalam Syarikat mengikut kredit akaun sekuriti tersebut. Seorang proksi tidak semestinya ahli Syarikat. Seseorang ahli berhak melantik sesiapa sahaja sebagai proksi beliau tanpa sebarang had. Suratcara perlantikan proksi hendaklah dibuat secara bertulis oleh orang yang melantik atau wakil beliau yang diberi kuasa secara bertulis, atau sekiranya yang melantik itu ialah sebuah syarikat, “corporation sole” atau perbadanan berkanun, borang perlantikan tersebut hendaklah dimeteraikan dengan cop mohor atau ditandatangani oleh pegawai atau wakilnya yang diberi kuasa sedemikian secara bertulis dan hendaklah diserahkan bersama-sama dengan suratcara pemberian kuasa tersebut (jika ada) atau satu salinan pejabat atau salinan yang disahkan oleh Penyaksi Awam di Pejabat Berdaftar Syarikat, Tingkat 20, Menara TR, 161B Jalan Ampang, 50450 Kuala Lumpur, tidak lewat daripada empat puluh lapan (48) jam sebelum masa yang ditetapkan untuk mengadakan Mesyuarat ini atau sebarang penangguhannya. Suratcara perlantikan proksi yang dibuat di dalam Malaysia tidak perlu disaksikan. Perlantikan proksi yang dibuat di luar Malaysia mestilah disahkan oleh Peguam, Penyaksi Awam, Konsul atau Majistret.

2.

2.

3.
3.

4.
4. The instrument appointing a proxy shall be in writing under the hand of the appointer or his/her attorney duly authorised in writing or if such appointer is a corporation, corporation sole, a statutory corporation, either under its common seal or the hand of its officers or attorney duly authorised in writing and shall be deposited together with the power of attorney (if any) under which it is signed or an office copy or notarially certified copy thereof at the Registered Office of the Company, 20th Floor, Menara TR, 161B Jalan Ampang, 50450 Kuala Lumpur not less than forty-eight (48) hours before the time for holding of the Meeting or any adjournment thereof. 5. An instrument appointing a proxy executed in Malaysia need not be witnessed. The signature to the instrument appointing the proxy executed outside Malaysia must be attested by a Solicitor, Notary Public, Consul or Magistrate.

5.

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“Annexure A”

“Lampiran A”

Date: •••••••••

Tarikh: •••••••••

The Board of Directors Celcom (Malaysia) Berhad 20th Floor, Menara TR 161B Jalan Ampang 50450 Kuala Lumpur

Lembaga Pengarah Celcom (Malaysia) Berhad Tingkat 20, Menara TR 161B Jalan Ampang 50450 Kuala Lumpur

Dear Sirs,

Tuan,

Notice of Nomination of Messrs PricewaterhouseCoopers as Auditors We, Telekom Malaysia Berhad, being the registered holder of 619,896,500 ordinary shares of RM1 each fully paid-up in the capital of the Company, hereby give notice, pursuant to Section 172 (11) of the Companies Act, 1965 of our intention to nominate Messrs PricewaterhouseCoopers for appointment as Auditors of the Company in place of the retiring Auditors, Messrs Arthur Andersen & Co. and to propose the following resolution as an Ordinary Resolution at the forthcoming Annual General Meeting of the Company: Ordinary Resolution “ THAT Messrs PricewaterhouseCoopers be and are hereby appointed as Auditors of the Company in place of the retiring Auditors, Messrs Arthur Andersen & Co., to hold office until the conclusion of the next Annual General Meeting at a remuneration to be determined by the Directors.”

Notis Penamaan Tetuan PricewaterhouseCoopers sebagai Juruaudit

Kami, Telekom Malaysia Berhad, sebagai pemegang saham berdaftar sebanyak 619,896,500 saham biasa bernilai RM1 setiap satu berbayar penuh di dalam Syarikat, dengan ini memberi notis, di bawah Seksyen 172 (11) Akta Syarikat, 1965 berkenaan hasrat kami untuk menamakan Tetuan PricewaterhouseCoopers sebagai Juruaudit Syarikat bagi menggantikan Juruaudit yang akan bersara, Tetuan Arthur Andersen & Co. dan untuk mencadangkan resolusi berikut sebagai Resolusi Biasa untuk dibentangkan di Mesyuarat Agung Tahunan Syarikat yang akan datang:
Resolusi Biasa

“BAHAWA Tetuan PricewaterhouseCoopers dengan ini dilantik sebagai Juruaudit Syarikat bagi menggantikan Juruaudit yang akan bersara, Tetuan Arthur Andersen & Co., dan akan memegang jawatan sehingga tamatnya Mesyuarat Agung Tahunan yang akan datang dengan ganjaran yang akan ditetapkan oleh para Pengarah.”

Yours faithfully, For and on behalf of Telekom Malaysia Berhad

Yang benar, Untuk dan bagi pihak Telekom Malaysia Berhad

Name Director

Nama Pengarah

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 227 ]

STATEMENT ACCOMPANYING NOTICE OF ANNUAL GENERAL MEETING
PENYATA MENGIRINGI NOTIS MESYUARAT AGUNG TAHUNAN

The following are details of the Board meetings and attendance of the Directors at the Board meetings held during the financial year ended 31 December 2002 and details of the Directors standing for re-election at the Fifteenth Annual General Meeting of Celcom (Malaysia) Berhad:
1. Directors standing for re-election • • • • • • • • • • • Axel Hass Rosli bin Man Dato’ Lim Kheng Guan Dato’ Dr Mohd Munir bin Abdul Majid Dato’ Mohamed Yunus Ramli bin Abbas Dato’ Ng Kong Yeam Tan Poh Keat Azzat bin Kamaludin Ismael Fariz bin Ali Joerg Andreas Boy Dato’ Abdul Rahman bin Haji Ismail

Berikut adalah butir-butir mengenai mesyuarat-mesyuarat Lembaga Pengarah yang telah diadakan dan kehadiran para Pengarah di mesyuarat-mesyuarat berkenaan dalam tahun kewangan berakhir pada 31 Disember 2002 dan maklumat berkenaan para Pengarah yang akan dilantik semula di Mesyuarat Agung Tahunan Celcom (Malaysia) Berhad yang ke-Limabelas:

1. Pengarah-pengarah yang akan dilantik semula • • • • • • • • • • • Axel Hass Rosli bin Man Dato’ Lim Kheng Guan Dato’ Dr Mohd Munir bin Abdul Majid Dato’ Mohamed Yunus Ramli bin Abbas Dato’ Ng Kong Yeam Tan Poh Keat Azzat bin Kamaludin Ismael Fariz bin Ali Joerg Andreas Boy Dato’ Abdul Rahman bin Haji Ismail

The details of the abovementioned Directors seeking re-elections are set out in the Directors’ profiles which appear on pages 28 to 32 of this Annual Report. Details on securities holdings of the Directors in the Company and its subsidiaries are set out on page ••• and ••• of this Annual Report.

Keterangan terperinci Pengarah-pengarah yang disebutkan di atas yang memohon perlantikan semula dikemukakan di dalam profil para Pengarah, dibentangkan di halaman 28 hingga 32 Laporan Tahunan. Maklumat mengenai pegangan sekuriti Pengarah-pengarah dalam Syarikat dan anak-anak Syarikatnya dibentangkan di halaman ••• dan ••• Laporan Tahunan.

[ 228 ]

LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

2. Attendance of Directors at Board meetings • Details of attendance of Directors at Board meetings of Technology Resources Industries Berhad (“TRI”) prior to the transfer of listing status of TRI to Celcom (Malaysia) Berhad on 10 October 2002:

2. Kehadiran Pengarah-pengarah di mesyuarat Lembaga Pengarah Butir-butir kehadiran para Pengarah di Mesyuarat Lembaga Pengarah Technology Resources Industries Berhad (“TRI”) sebelum pindahan status penyenaraian TRI kepada Celcom (Malaysia) Berhad pada 10 Oktober 2002:

TRI Board met twelve (12) times for the period from 1 January 2002 to 10 October 2002.

Lembaga Pengarah TRI telah bersidang sebanyak Duabelas (12) kali bagi tempoh 1 Januari 2002 hingga 10 Oktober 2002. Remarks Catatan

Name of Directors Nama Pengarah-pengarah Tan Sri Dato’ Tajudin bin Ramli Dato’ Lim Kheng Yew Haji Mohamed Ali bin Yusoff Bistamam bin Ramli Dato' Abdul Rahman bin Haji Ismail Dato’ Ng Kong Yeam Shamsuddin bin Mohd Rasom Axel Hass Oliver Tim Axmann [Alternate Director to Axel Hass] Joachim Gronau Joerg Andreas Boy [Alternate Director to Joachim Gronau] Dato' Dr Mohd Munir bin Abdul Majid Dato’ Dr Mohd Khir bin Abd Rahman Rosli bin Man Dato' Lim Kheng Guan Azzat bin Kamaludin Ismael Fariz bin Ali

Attendance Kehadiran 7/7 7/7 6/7 7/7 12/12 8/12 12/12 6/12 6/12

Attended the Board Meetings held until their resignations on 3 July 2002 Menghadiri Mesyuarat Lembaga Pengarah yang telah diadakan sehingga perletakan jawatan mereka pada 3 Julai 2002

Attended the Board Meetings held from 1 January 2002 to 10 October 2002 Menghadiri Mesyuarat Lembaga Pengarah yang telah diadakan dari 1 Januari 2002 hingga 10 Oktober 2002

4/12 6/12

5/5 5/5 4/5 4/5 3/3 2/3

Attended the Board Meetings held since their appointments on 3 July 2002 Menghadiri Mesyuarat Lembaga Pengarah yang telah diadakan semenjak perlantikan mereka pada 3 Julai 2002

Attended the Board Meetings held since their appointments on 18 July 2002 Menghadiri Mesyuarat Lembaga Pengarah semenjak perlantikan mereka pada 18 Julai 2002

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN 2002 ANNUAL REPORT

[ 229 ]

•

Details of attendance of Directors at Board meetings of Celcom (Malaysia) Berhad (“Celcom”) after the transfer of listing status of TRI to Celcom: Celcom Board met three (3) times for the period from 10 October 2002 to 31 December 2002

•

Butir-butir kehadiran para Pengarah di Mesyuarat Lembaga Pengarah Celcom (Malaysia) Berhad (“Celcom”) selepas pindahan status penyenaraian TRI kepada Celcom: Lembaga Pengarah Celcom telah bersidang sebanyak tiga (3) kali dari tempoh 10 Oktober 2002 sehingga 31 Disember 2002 Attendance Kehadiran

Name of Directors Nama Pengarah-pengarah Dato’ Dr Mohd Munir bin Abdul Majid Dato’ Mohamed Yunus Ramli bin Abbas Dato’ Abdul Rahman bin Haji Ismail Dato’ Ng Kong Yeam Shamsuddin bin Mohd Rasom* Rosli bin Man Dato’ Lim Kheng Guan Tan Poh Keat Azzat bin Kamaludin Ismael Fariz bin Ali Joerg Andreas Boy Dieter Sieber** [Alternate Director to Joerg Andreas Boy] Axel Hass Oliver Tim Axmann [Alternate Director to Axel Hass]

3/3 3/3 3/3 3/3 2/3 3/3 3/3 3/3 3/3 2/3 3/3 0/3

2/3 1/3

* Resigned as Director of Celcom on 28 March 2003. ** Resigned as Principal Director of Celcom on 10 October 2002 and was subsequently appointed as Alternate Director to Joerg Andreas Boy on 15 October 2002.

* Meletak jawatan sebagai Pengarah Celcom pada 28 Mac 2003. ** Meletak jawatan sebagai Pengarah Prinsipal Celcom pada 10 Oktober 2002 dan kemudiannya dilantik sebagai Pengarah Gantian kepada Joerg Andreas Boy pada 15 Oktober 2002.

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LAPORAN TAHUNAN 2002 ANNUAL REPORT

Celcom (Malaysia) Berhad

(167469-A)

3. Details of Board meetings • Board meetings of TRI held prior to the transfer of listing status.

3. Butir-butir Mesyuarat Lembaga Pengarah • Mesyuarat-mesyuarat Lembaga Pengarah TRI yang telah diadakan sebelum pindahan status penyenaraian.

Monthly Board Meeting Mesyuarat Bulanan Lembaga Pengarah Date Tarikh 22 May 17 June 3 July 4 July 2002 2002 2002 2002 Time Masa 2.30 p.m. 2.30 p.m. 2.30 p.m. 10.00 a.m.

Special Board Meeting Mesyuarat Khas Lembaga Pengarah Date Tarikh 25 Jan 7 Feb 8 Mar 30 Apr 2002 2002 2002 2002 Time Masa 4.00 3.00 3.30 3.00 p.m. p.m. p.m. p.m.

Venue Tempat

The Board Room, 23rd Floor Menara TR, 161B Jalan Ampang 50450 Kuala Lumpur

Bilik Lembaga Pengarah, Tingkat 23 Menara TR, 161B Jalan Ampang 50450 Kuala Lumpur
The Conference Room, 21st Floor Menara TR, 161B Jalan Ampang 50450 Kuala Lumpur

18 July 2002 15 Aug 2002

10.00 a.m. 10.00 a.m.

8 Aug 2002 10 Sept 2002

3.00 p.m. 9.00 a.m.

Bilik Persidangan, Tingkat 21 Menara TR, 161B Jalan Ampang 50450 Kuala Lumpur

•

Board Meetings of Celcom held after the transfer of listing status.

•

Mesyuarat-mesyuarat Lembaga Pengarah Celcom yang telah diadakan selepas pindahan status penyenaraian.

Monthly Board Meeting Mesyuarat Bulanan Lembaga Pengarah Date Tarikh 15 Oct 2002 19 Dec 2002 Time Masa 10.30 a.m. 9.30 a.m.

Special Board Meeting Mesyuarat Khas Lembaga Pengarah Date Tarikh 26 Nov 2002 Time Masa 2.00 p.m.

Venue Tempat

The Conference Room, 21st Floor Menara TR, 161B Jalan Ampang 50450 Kuala Lumpur

Bilik Persidangan Tingkat 21 Menara TR, 161B Jalan Ampang 50450 Kuala Lumpur

FORM OF PROXY

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN

2002

ANNUAL REPORT

Number of Shares Held I / We _________________________________________________________________________________________ NRIC No. ______________________________ name in block letters

of __________________________________________________________________________________________________________________________________ full address

being a member / members of CELCOM (MALAYSIA) BERHAD, hereby appoint (s) __________________________________________________________ name in block letters

______________________________________________________________________________________________NRIC No. ______________________________ of __________________________________________________________________________________________________________________________________ full address

or in his / her absence, _________________________________________________________________________NRIC No. ______________________________ name in block letters

of __________________________________________________________________________________________________________________________________ full address

as my / our proxy to vote for me /us on my / our behalf at the Fifteenth Annual General Meeting of the Company to be held at the Grand Ballroom, Level 2, Hotel Nikko Kuala Lumpur, 165 Jalan Ampang, 50450 Kuala Lumpur on Tuesday, 13 May 2003 at 10.00 a.m. and at any adjournment thereof. My / Our proxy is to vote as indicated hereunder:
RESOLUTIONS FOR AGAINST

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18

To receive and adopt the Audited Financial Statements of the Company and the Group for the financial year ended 31 December 2002 together with the Reports of the Directors and Auditors thereon. To re-elect Director retiring under Article 73 of the Company’s Articles of Association: • Axel Hass To re-elect Director retiring under Article 78 of the Company’s Articles of Association: • Dato’ Dr Mohd Munir bin Abdul Majid To re-elect Director retiring under Article 78 of the Company’s Articles of Association: • Dato’ Mohamed Yunus Ramli bin Abbas To re-elect Director retiring under Article 78 of the Company’s Articles of Association: • Dato’ Ng Kong Yeam To re-elect Director retiring under Article 78 of the Company’s Articles of Association: • Dato’ Lim Kheng Guan To re-elect Director retiring under Article 78 of the Company’s Articles of Association: • Rosli bin Man To re-elect Director retiring under Article 78 of the Company’s Articles of Association: • Azzat bin Kamaludin To re-elect Director retiring under Article 78 of the Company’s Articles of Association: • Ismael Fariz bin Ali To re-elect Director retiring under Article 78 of the Company’s Articles of Association: • Tan Poh Keat To re-elect Director retiring under Article 78 of the Company’s Articles of Association: • Joerg Andreas Boy To re-elect Director retiring under Section 129 of the Companies Act, 1965: • Dato’ Abdul Rahman bin Haji Ismail To approve the Directors’ fees for the financial year ended 31 December 2002. To appoint Messrs PricewaterhouseCoopers as Auditors of the Company in place of the retiring Auditors, Messrs Arthur Andersen & Co. and to authorise the Directors to fix their remuneration. To propose Renewal of and New Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature to be entered into with DeTeAsia Group. To propose Renewal of and New Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature to be entered into with TMB Group. To propose New Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature to be entered into with Tan Sri Dato’ Tajudin bin Ramli and his related companies. To give authority to the Directors to issue shares under Section 132D of the Companies Act, 1965.

Please indicate with an “X” in the spaces provided how you wish to cast your votes. If you do not do so, the Proxy will vote or abstain from voting at his discretion.

Dated this _____________day of_________________________2003

Signature of Member / Common Seal ___________________________________

Notes: 1. A member entitled to attend and vote at the Annual General Meeting is entitled to appoint not more than two (2) persons, whether a member or not, as his/her proxy or proxies to attend and vote in his/her stead. Where a member appoints two (2) proxies, the member shall specify the proportion of the member’s shareholding to be represented by each proxy. 2. Where a member of the Company is an authorised nominee as defined under the Securities Industry (Central Depositories) Act, 1991 it may appoint at least one (1) proxy in respect of each securities account it holds with ordinary shares of the Company standing to the credit of the said securities account. 3. A proxy need not be a member of the Company. A member may appoint any person to be his/her proxy without limitation. 4. The instrument appointing a proxy shall be in writing under the hand of the appointer or his/her attorney duly authorised in writing or if such appointer

is a corporation, corporation sole, a statutory corporation, either under its common seal or the hand of its officers or attorney duly authorised in writing and shall be deposited together with the power of attorney (if any) under which it is signed or an office copy or notarially certified copy thereof at the Registered Office of the Company, 20th Floor, Menara TR, 161B Jalan Ampang, 50450 Kuala Lumpur not less than forty-eight (48) hours before the time for holding of the Meeting or any adjournment thereof. 5. An instrument appointing a proxy executed in Malaysia need not be witnessed. The signature to the instrument appointing the proxy executed outside Malaysia must be attested by a Solicitor, Notary Public, Consul or Magistrate.

BORANG PROKSI

Celcom (Malaysia) Berhad

(167469-A)

LAPORAN TAHUNAN

2002

ANNUAL REPORT

Bilangan saham yang dipegang Saya / Kami___________________________________________________________________________________No.KP ___________________________________ nama penuh dalam huruf besar

beralamat ____________________________________________________________________________________________________________________________ alamat penuh

sebagai ahli /ahli-ahli CELCOM (MALAYSIA) BERHAD, dengan ini melantik______________________________________________________________________ nama penuh dalam huruf besar

____________________________________________________________________________________________No.KP ___________________________________ beralamat ____________________________________________________________________________________________________________________________ alamat penuh

atau sebagai penggantinya _____________________________________________________________________No.KP ___________________________________ nama penuh dalam huruf besar

beralamat ____________________________________________________________________________________________________________________________ alamat penuh

sebagai proksi saya / kami untuk mengundi bagi pihak saya / kami di Mesyuarat Agung Tahunan Syarikat yang ke-Limabelas yang akan diadakan di Grand Ballroom, Aras 2, Hotel Nikko Kuala Lumpur, 165 Jalan Ampang, 50450 Kuala Lumpur pada hari Selasa, 13 Mei 2003 jam 10.00 pagi dan di sebarang mesyuarat penangguhannya. Proksi saya / kami hendaklah mengundi seperti yang dinyatakan di bawah ini:
RESOLUSI MENYOKONG MENENTANG

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17

Mempertimbangkan dan menerima Penyata Kewangan Syarikat dan Kumpulan yang Diaudit bagi tahun kewangan berakhir 31 Disember 2002 berserta Laporan-laporan Pengarah dan Juruaudit berkaitan dengannya. Melantik semula Pengarah yang bersara di bawah Artikel 73, Tatacara Syarikat: • Axel Hass Melantik semula Pengarah yang bersara di bawah Artikel 78, Tatacara Syarikat: • Dato’ Dr Mohd Munir bin Abdul Majid Melantik semula Pengarah yang bersara di bawah Artikel 78, Tatacara Syarikat: • Dato’ Mohamed Yunus Ramli bin Abbas Melantik semula Pengarah yang bersara di bawah Artikel 78, Tatacara Syarikat: • Dato’ Ng Kong Yeam Melantik semula Pengarah yang bersara di bawah Artikel 78, Tatacara Syarikat: • Dato’ Lim Kheng Guan Melantik semula Pengarah yang bersara di bawah Artikel 78, Tatacara Syarikat: • Rosli bin Man Melantik semula Pengarah yang bersara di bawah Artikel 78, Tatacara Syarikat: • Azzat bin Kamaludin Melantik semula Pengarah yang bersara di bawah Artikel 78, Tatacara Syarikat: • Ismael Fariz bin Ali Melantik semula Pengarah yang bersara di bawah Artikel 78, Tatacara Syarikat: • Tan Poh Keat Melantik semula Pengarah yang bersara di bawah Artikel 78, Tatacara Syarikat: • Joerg Andreas Boy Melantik semula Pengarah yang bersara di bawah Seksyen 129, Akta Syarikat, 1965: • Dato’ Abdul Rahman bin Haji Ismail Meluluskan yuran para Pengarah bagi tahun kewangan berakhir 31 Disember 2002. Melantik Tetuan PricewaterhouseCoopers sebagai Juruaudit Syarikat bagi menggantikan Juruaudit yang akan bersara, Tetuan Arthur Andersen & Co. dan memberi kuasa kepada Lembaga Pengarah untuk menetapkan ganjaran mereka. Cadangan Pembaharuan dan Mandat Baru Para Pemegang Saham bagi Urusniaga Berulang dengan Pihak Berkaitan Bersifat Pendapatan atau Perniagaan yang akan dijalankan dengan Kumpulan DeTeAsia. Cadangan Pembaharuan dan Mandat Baru Para Pemegang Saham bagi Urusniaga Berulang dengan Pihak Berkaitan Bersifat Pendapatan atau Perniagaan yang akan dijalankan dengan Kumpulan TMB. Cadangan Pembaharuan dan Mandat Baru Para Pemegang Saham bagi Urusniaga Berulang dengan Pihak Berkaitan Bersifat Pendapatan atau Perniagaan yang akan dijalankan dengan Tan Sri Dato’ Tajudin bin Ramli dan Syarikat-syarikat yang berkaitan dengannya. Memberi kuasa kepada para Pengarah untuk menerbitkan saham-saham di bawah Seksyen 132D, Akta Syarikat, 1965.

18

Sila tandakan “X” pada ruang yang diberi untuk undian anda. Sekiranya tidak dilakukan, maka proksi boleh mengundi atau tidak atas budi bicaranya.

Bertarikh pada ____________hb __________________________2003
Nota: 1. Seseorang ahli yang berhak menghadiri dan mengundi di Mesyuarat Agung Tahunan berhak melantik tidak lebih dari dua (2) orang, samada ahli Syarikat atau tidak, sebagai proksi / proksi-proksi untuk menghadiri dan mengundi bagi pihak beliau. Sekiranya ahli melantik dua (2) proksi, beliau harus menetapkan kadar saham ahli untuk diwakili oleh setiap proksi. 2. Di mana ahli Syarikat adalah penama yang diberi kuasa seperti yang dimaksudkan di bawah Akta Sekuriti Industri (Depositori Pusat), 1991, beliau berhak melantik sekurang-kurangnya satu (1) proksi bagi setiap akaun sekuriti saham biasa yang dipegang di dalam Syarikat mengikut kredit akaun sekuriti tersebut. 3. Seorang proksi tidak semestinya ahli Syarikat. Seseorang ahli berhak melantik sesiapa sahaja sebagai proksi beliau tanpa sebarang had. 4. Suratcara perlantikan proksi hendaklah dibuat secara bertulis oleh orang yang melantik atau wakil beliau yang diberi kuasa secara bertulis, atau sekiranya yang melantik itu

Tandatangan Pemegang Saham / Cop Mohor _____________________________

ialah sebuah syarikat, “corporation sole” atau perbadanan berkanun, borang perlantikan tersebut hendaklah dimeteraikan dengan cop mohor atau ditandatangani oleh pegawai atau wakilnya yang diberi kuasa sedemikian secara bertulis dan hendaklah diserahkan bersama-sama dengan suratcara pemberian kuasa tersebut (jika ada) atau satu salinan pejabat atau salinan yang disahkan oleh Penyaksi Awam di Pejabat Berdaftar Syarikat, Tingkat 20, Menara TR, 161B Jalan Ampang, 50450 Kuala Lumpur, tidak lewat daripada empat puluh lapan (48) jam sebelum masa yang ditetapkan untuk mengadakan Mesyuarat ini atau sebarang penangguhannya. 5. Suratcara perlantikan proksi yang dibuat di dalam Malaysia tidak perlu disaksikan. Perlantikan proksi yang dibuat di luar Malaysia mestilah disahkan oleh Peguam, Penyaksi Awam, Pesuruhjaya Sumpah, Konsul atau Majistret.