ANNUAL REPORT 2014
25
OTHER STATEMENTS AND
DISCLOSURES
1.
Share Buy-Back
During the financial year ended 31 December 2014, 2,000 ordinary shares of RM1.00 each were repurchased
as treasury shares at a total consideration of RM12,256.65. All the said repurchased shares were retained as
treasury shares and none of the repurchased shares was resold or cancelled during the financial year ended
31 December 2014.
The details of the shares bought back during the financial year ended 31 December 2014 are as follows:-
Month
Number
of shares
purchased
Highest
price paid
per share
Lowest
price paid
per share
Average
price paid
per share
Total
Consideration
(RM)
(RM)
(RM)
(RM)
February 2014
1,000
6.16
6.16
6.16
6,208.85
August 2014
1,000
6.00
6.00
6.00
6,047.80
Total
2,000
12,256.65
2.
Non-Audit Fees
The amount of non-audit fees paid by the Company to its external auditors or a firm or company affiliate to the
external auditors during the financial year ended 31 December 2014 was RM182,325.
3.
Material Contracts
There were no material contracts of the Company and its subsidiaries involving directors’ and major
shareholders’ interests, either still subsisting at the end of the financial year or, if not then subsisting, entered into
since the end of the previous financial year ended 31 December 2014.
4.
Recurrent Related Party Transactions of a Revenue or Trading Nature (“RRPT”)
The details of related party transactions undertaken by the Group during the financial year ended 31 December
2014 as stated in note 31 of the financial statements on page 91 to 92 of this Annual Report.
5.
Disclosure on Corporate Social Responsibility (“CSR”)
The Group is aware of its corporate social responsibilities and has always made CSR an integral part of the way
it conducts its businesses. The various activities carried out during the year reflect the Group’s commitment
towards CSR, in particular the environment, occupational safety and health as well as welfare of its employees
and the community.
The Group views the employees as its biggest asset, and believes that building a diverse workplace can help
to maintain the Group’s sustainability in the market place. A diversity practice guidelines in terms of ensuring
gender, ethnicity and age group balance at workplace was put in place and this guidelines provides Human
Resources Department to act accordingly to the interest of the Group. Employees of different background,
gender, age, ethnicity, religion are given equal opportunity for career development and progression.
This may involve internal training and on-job training programmes and providing resources and opportunities for
career advancement. Employees stand to experience more personal growth in an environment where they are
exposed to differences in culture, opinions and ideas.
