1 ANNUAL REPORT 2015 - tstore.com.my · 2017. 4. 19. · GONG XI FA CAI FANTASTIC REWARDS” Every...

1 ANNUAL REPORT 2015

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Contents


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Inspiring customersand exceeding theirexpectations is our

main priority.

The Store Group’s

RewardCampaignsFor ItsValuedCustomers


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1. Draw lucky winners: Adibah Noor drew the Entry Form from crystal bowl. Watched by (From left) Lim Kok Soon, Charlie Tan and Yap Choon

Meng. .

2. Find out lucky winners:Adibah Noor calling to deliver good news to the lucky winner

2

The Store Group “CHRISTMAS FANTASTIC REWARDS” and “ GONG XI FA CAI FANTASTIC REWARDS”

Every year, The Store Group offers Fantastic Rewards to its loyal customers in conjunction with yearly festive celebration. As for the year 2014/2015, The Store Group celebrated festive seasons with its loyal customers through two reward contests; CHRISTMAS FANTASTIC REWARDS Contest which started from 14 November until 31 December 2014 and GONG XI FA CAI FANTASTIC REWARDS Contest which started from 1 January until 1 March 2015. Customers were entitled to participate in the contest by spending only minimum of RM50 at any The Store & Paci c outlets.

THE CHRISTMAS FANTASTIC REWARDS and GONG XI FA CAI FANTASTIC REWARDS Contest received more than 2 million entries within three months from 74 outlets nationwide. The three main lucky winners have driven away three Proton Iriz 1.3L respectively. The lucky draw was conducted by popular artiste Adibah Noor, who is also The Store Group’s ambassador.

In addition, customers are also having chances to grab up to RM100 Cash Coupon during this entire duration. A total value of RM300,000.00 Cash Coupon are given away to lucky shoppers at the respective outlets.

“CHRISTMAS FANTASTIC REWARDS and GONG XI FA CAI FANTASTIC REWARDS”

“Cute Baby” 2015 Photogenic ContestThe most happening activities awaited by all parents

every year. The Contest started from 1 May until 30 June 2015. The three cutest babies has announced and total

prizes RM60,000 were given away to all the winners.

The Store Group’sReward Campaign for Its Valued Customers


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4 ANNUAL REPORT 201544444444444444444444444444444444444444444444444444 AANNANNUANNUANNUANNUANNUNNNNNNNNNNANNUANNUNNANNUUANNUUANNUANNUANNUNNUANNUAAANNUAANNUAANNUNNNUNNUANNUUUNNUANNUAAANNUAANNUANNUANNNUNNANNUNNUUNNUANNUAANNAANNUANNUAANNUANNNNUANNUNNANNUUANNUUUAAAANANNAAANAANNNNNUNUUUNUUANNAAAANNAANNANANNNNNN UANNUANNUAAAANNANANNNNNAAANNUANNNNNNNUNANNUUUAANNUANNUNNNNNNNNNUUANNUANNNNNNNNNNNNNNNNNNNUNNNNNNNUNNNNNNNNANNNNUNNNUUANNNNNUUNNANNUUANNUANNAA NNNNUAANNNUUUAN UUAAAAAL RAL RAL RAL RAL RAL RAALAL RAL RAL RL RRRAL RAL RAL RRRL RALAL RALAAAAL RAL RAAL RAL RRRAL RRAL RAL RAAAAAL RAL RAA RRAL RRAL RRAL RAL RAAAAALAL RAAAL RRRRRAL RRAAALALAL RALAA RAL RAL RAL RAAAAAL RL RAAAAL RAL RALL RLALAAAAL RAL RAAALALLALALALAAAL RAAALL RAAAAALLL RALL RL RRRLLL RRRRRALLL RRRRRAL RLL RRAL RRAL RRRRRAA RRRRAAAAAAAAAAAAL REPOREPOREEPEPOREPOEEEEPOEPORPEPOPOEPORPOREPOEEEEPOREPOEPEEEEEPOEPORPOPEPEPPOROOEPOREPOEPOREEPOEPEEEPOEPPPPOPEPPPORPOOEPOEPOEEEEEPEPOPORPPOOOEPOREEPOEEEEEPORPPPOOOOOEEPOEEPPPOOPOPOEEPPPOPOOOOEPOOOPOPOPPOROOOOOOPPOOOOOOOOOOOOOOOROOOOOOOOOOOOEE OOEEEEEEEEEEPEEEEEEPEEEPOREPPPP T 20T 20T 2TTTTTTTT 2T 20T 2T 20T 2TT 20T 2022T 20T 20T 2000T 20TTTTTT 20T 20T 2T 222T 20T 2TTTT 20TT 20T 20T 2T 20T 2TTTTT 2T 222T 20T 2T 2TTT 20TT 2TT 2022222T 20T 20T 20T 20TTT 20222T 220200T 20T 20TT 20T 2222220T 2000T 222220000202222T 200000T 20T 2T 222200T 200TTT 2T 20220200000TTT 2200TT 20000TT 000TT 00TTTTTTTTTTTT 22 15111151555151551151115555515555555555551151115555111155555551511115555111155555111555111555551155111555555 4 ANNUAL REPORT 20

The Store Group 47th Anniversary Celebration “Anniversary Galore Rewards” Contest

The Store Group has launched the “Anniversary Galore Rewards” contest in conjunction of its 47th Anniversary Celebration. This contest consist of 3 reward tiers in 1 receipt which known as “SUPER REWARD”, “SURPRISE REWARD” and “GREATREWARD”.

“Anniversary Galore Rewards” was kicked off from 22 May and ended on 31 August 2015. Customers spent RM30 and above in a single receipt at any of The Store or Paci c outlets were entitled to grab the winning chances for fabulous prizes and to enjoy more exclusive rewards. Total prizes worth up to RM300,000.00 has been won!

Entry Form of “Anniversary Galore Rewards” - The Store, Paci c and Milimewa

Reward Contest:Launched of The Store Group 47th Anniversary Contest “Anniversary Galore Rewards” nationwide contest. (From left to right) Foo Sin Lin, Winky Pek, Adibah Noor and Yap Choon Meng.

Walk away prizes:3 winners Mohammad Sattar ( left 2), Cheah Kim Thor (middle) and Izham (from right 3) walked away cash voucher, and a group photo with The Store Group top management. From left: Foo Sin Lin, Lim Kok Soon, Charlie Tan, Wong Choay Leng and Khor Sue Liang.

The Store Group’sReward Campaign for Its Valued Customers


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The Store Group aims to enhance its quality of service at every juncture.

This means it will continuosly improve its quality service and great shopping experience to its

valued customers with the commitment of “The Shopping Destination of Choice”. These

value call to ensure meeting the needs, demand and offering affordable selling price at all time

and strives for continuous improvement.

The Store Group’s

RedemptionProgramme- Five-bulous Glass Bakeware Collection

OnlineMarketing- SmartShopper


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The Store Group redemption programme Five-bulous Glass Bakeware Collection.

Highlight on 5 unique designs glass bakewares at exclusive price. The redemption programme was started from 13 November 2015 until 21 February 2016.

For every RM30 spend in a single receipt, customers are entitled ONE (1) sticker, collect FIVE (5) stickers, customers can redeem any one of the ve Gorme Borosilicate glass bakeware at exclusive price, save up to 80%.

- Five-bulous Glass Bakeware Collection

The Store Group’sRedemption Programme

Collect all 5 designs:There are5 Glass Bakewareto be collectedwith stickers

1 ~ 3 Five-bulous Glass Bakeware Collection: The Store Group management staff presented the glass bakeware to public during the launching ceremony at Paci c- Alor Star Mall branch.

From left:Foo Sin Lin and Lim Kok Soon, Charlie Tan (middle), Wong Choay Leng and Khor Sue Liang.


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Partnership with DIGI, The Store & Paci c had launched its rst ever online redemption programme which offered 50% discount on selected items. Customers just need to download the SmartShopper applications to enjoy this awesome promotion.

- SmartShopper

The Store Group’sRedemption Programme

Customer who downloaded

SmartShopper applications can enjoy 50% discount items at

certain period.


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1~2. YB Dato’ Sri Hassan bin Malek former Minister of Domestic Trade, Co-operatives and Consumerism, was launching the Nationwide Price Reduction Campaign at The Store Kuantan Parade branch on

1 March 2015.

3~4. YB Dato’ Seri Hamzah bin Zainudin, Minister of Domestic Trade,

Co-operatives and Consumerism had paid a visit to Paci c Hypermarket & Departmental Stores at Taiping Mall in conjunction with the Price Reduction Campaign and Pre-Buy Malaysia’s Product Campaign.

The Store Group’sParticipation in Government Campaigns

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Nationwide Price Reduction Campaign

The Store Supermarket & Departmental Stores and Paci c Hypermarket & Departmental Stores had been selected as the of cial launching venue for the Nationwide Price Reduction Campaign for year 2015 by the Ministry of Domestic Trade, Co-operatives and Consumerism (KPDNKK).

This campaign covers all the 74 nationwide outlets of The Store Group including 48 The Store Supermarket, 9 Paci c Hypermarket & Departmental Stores and 17 Milimewa Superstore. More than 30,000 items were sold at reducing price including groceries, toiletries, apparels and etc.

In addition, The Store Group has taken an initiative to invite Small Scales Industry (IKS) promoting their products at Promotion Corner in Taiping Mall. More than 14 stalls had been prepared for IKS entrepreneurs to widen their business network.

3

4

The Store –Kuantan Parade ( 1 Mac 2015)

Pacifi c – Taiping Mall (10 Oct 2015)


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Selayang Star City MallSigning Ceremony

The Store Group’s

Spread Wings Expand Retail Network


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The Store Group’sSpreads Wings Expand Retail Network

NEW IMAGEThe Store Johor Bahru(Taman Tun Aminah)

A Great New ImageIndulge in the vast

selection of branded items with modern shopping lifestyle.

Brand Neweco conceptof Market Place atThe Store Taman Tun Aminah


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The Store Group’sSpreads Wings Expand Retail Network

Paci c Hypermarket and Departmental Store spreads its wings to the next stage and will be opening its new outlet targeted August 2016 in Selayang Star City Mall as one of the anchor tenant which located at Kuala Lumpur. The new Paci c Departmental Store marks an important milestone as it continues to upgrade its outlet to provide a modern shopping lifestyle destination to shoppers in Selayang Star City Mall.

M3 MALL

The Store spreads its

wings to the next stage and will be opening

its new outlet targeted

March 2016 inM3 Mall

SELAYANG STAR CITY MALL

The new The StoreSupermarket and

Departmental Store to be opened at

the newest neighbour hood

Shopping Centre in Taman Melati,

SetapakKuala Lumpur

1. Public favourite shopping destination: The new Paci c Departmental Store marks an important milestone as it continues to upgrade its outlet to promote a pleasant shopping environment and aim to become public favourite shopping destination.

2. Signing ceremony: Tenants Signing Ceremony with The Anchor Tenants and other Partners

1 2


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The Store Groupstrives to provide

a great shopping experienceto its valued customers.

It always emphasis onoffering good quality item

at affordable pricewith the aim of

“Great Savings Everyday”.

The StoreFor You


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THE STORE (MALAYSIA) SDN BHD(8199-K)

SUPERMARKET &DEPARTMENTAL STORESNorthern Region OutletsKangar (Kayangan Square)Sungai Petani (SP Plaza)Sungai Petani (Central Square) Kulim (Jalan Teoh Moh Soo)Kulim (Landmark Central)Grik (Jalan Toh Shah Bandar Ulu)Taiping (Kamunting)Taiping (Wisma Dato’ Toh Eng Hoe)Taiping (Jalan Kota)Ipoh (Jalan Dato Onn Jaafar)Ipoh (Jalan Kampar)Sitiawan (Jalan Lumut)Sungai Siput (Jalan Besar)Kuala Kangsar (Jalan Kangsar)Teluk Intan (Jalan Ah Cheong)

Central Region OutletsAmpang (Paragon Point)Shah Alam (Plaza Alam Sentral)Shah Alam (Sungai Buloh)Klang (Shaw Centrepoint)Banting (Jalan Besar)Semenyih (Semenyih Central)Kuala Lumpur (Pudu Plaza)Kuala Lumpur (Sri Petaling)Kuala Lumpur (Taman Kok Lian)Kuala Lumpur (Mid-Point)Port Dickson (Oceanic Mall)Seremban (Jalan Tuanku Munawir)Seremban (Centre Point)Seremban (Jalan Dato’ Sheikh Ahmad)Tampin (Jalan Besar)Melaka (Soon Seng Plaza)

East Coast Region OutletsKota Bharu (Jalan Padang Garong)Kuala Terengganu (Jalan Bandar)Kemaman (Centre Point)Kuantan (Pasar Besar)Kuantan (Kuantan Parade)Mentakab (Jalan Mok Hee Kiang)Temerloh (Terminal Utama)Bentong (Vega Mall)

Southern Region OutletsMuar (Wetex Parade)Tangkak (Jalan Payamas)Batu Pahat (Jalan Zabedah)Batu Pahat (Jalan Rugayah)Johor Bahru (Komplek Lien Hoe)Johor Bahru (Taman Johor Jaya)Johor Bahru (Taman Tun Aminah)Johor Bahru (Jalan Tebrau Pandan)Kluang (Jalan Dato Rauf)

TOTAL OUTLETS 48

PACIFIC HYPERMARKET &DEPARTMENTAL STORES SDN BHD(361202-X)

HYPERMARKET &DEPARTMENTAL STORESNorthern Region OutletsAlor Setar (Star Parade)Alor Setar (Alor Star Mall)Penang (Komtar)Prai (Megamal Pinang)Taiping (Taiping Mall)

East Coast Region OutletsKota Bharu (KB Mall)Mentakab (Mentakab Star Mall)

Southern Region OutletsBatu Pahat (Batu Pahat Mall)Kluang (Kluang Mall)

TOTAL OUTLETS 9

The Store Groupcurrently operates

throughout nationwide under three entities with a total combined workforce

of 15,500 to serve our customers.

15,500 12 74combined workforce states outlets

The Store Group’s

The Store Group’s Outlets Directory

MILIMEWA SUPERSTORE SDN BHD(163412-H)

SUPERMARKET &DEPARTMENTAL STORESMilimewa OutletsKudat (Kudat)Kota Marudu ( Kota Marudu)Tuaran (Tuaran)Kota Kinabalu (Kojasa Building)Inanam (Inanam)Luyang (Bornion Centre)Ranau (Wisma Tai Kong)Sandakan (Centre Point Mall)Penampang (Beverly Hills Plaza)Keningau (Keningau 1)Keningau (Keningau 2)Tawau 1 (Complex Cahaya Baru)Tawau 2 (Kojasa Kompleks)Semporna (Semporna New Town Centre)Kunak (Kunak Plaza)Lahad Datu (Centre Point Shopping Complex)Lido (Panggung Lido)

TOTAL OUTLETS 17


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NORTHERN REGIONALOR SETAR (STAR PARADE)888, Kompleks Star Parade, Jalan Teluk Wanjah, 05200 Alor Setar, Kedah Darul Aman. Tel: 04-734 3668 Fax: 04-734 3669 E-mail: paci cas@paci chyper-dept.com.my Business Hour: (Mon - Sun)10.00am - 10.00pm

SUNGAI PETANI (SP PLAZA)SP Plaza, Jalan Ibrahim,08000 Sungai Petani, Kedah Darul Aman. Tel: 04-422 1188 / 422 1189 Fax: 04-421 7850 Email : [email protected] Business Hour: (Mon - Sun)10.30am - 10.00pm

PENANG (KOMTAR)No. 1, Concourse 1.01- 4.01 Komtar,10000 Penang.Tel: 04-250 3399 Fax: 04-250 3398E-mail: paci ckomtar@paci chyper-dept.com.my Business Hour: (Mon - Sun)10.00am - 10.30pm

GRIK (JALAN TOH SHAH BANDAR ULU)No. 30-39, Jalan Toh Shah Bandar Ulu,33300 Grik, Perak Darul Ridzuan. Tel: 05-792 1463/1423 Fax: 05-792 1478 Email : [email protected] Hour: (Mon - Sun)10.00am - 10.00pm

TAIPING (KAMUNTING)PT 13952,Jalan Medan Saujana, Kamunting,34600 Taiping, Perak Darul Ridzuan. Tel: 05-807 2107 Fax: 05-807 1424Email : [email protected] Hour: (Mon - Sun)10.00am - 10.00pm

KANGAR (KAYANGAN SQUARE) Kayangan Square Shopping Complex,Jalan Penjara, 01000 Kangar,Perlis Indera Kayangan. Tel : 04-977 2616 Fax : 04-977 9772 Email : [email protected] Hour : (Mon - Sun)10.00 am to 10.00 pm

ALOR SETAR (ALOR STAR MALL)G-888, Ground Floor & 1-888,First Floor, Alor Star Mall,Kawasan Perusahaan Tandop Baru,05400 Alor Setar, Kedah Darul Aman.Tel: 04-772 9233 Fax: 04-772 1233E-mail: paci casmall@paci chyper-dept.com.my Business Hour: (Mon - Sun)10.00am - 10.30pm

SUNGAI PETANI(CENTRAL SQUARE)Central Square Shopping Complex, 23, Jalan Kampung Baru, 08000 Sungai Petani, Kedah Darul Aman. Tel: 04-423 8123 Fax :04-423 6681 Email : [email protected] Business Hour: (Mon - Sun)10.30am - 10.00pm

KULIM (JALAN TEOH MOH SOO)Wisma Lee Bak Hong, Lot 17-20, Jalan Teoh Moh Soo, 09000 Kulim, Kedah Darul Aman. Tel: 04-491 7733 / 491 3773 Fax: 04-491 3377 Email : [email protected] Business Hour: (Mon - Sun)10.30am - 10.00pm

KULIM (LANDMARK CENTRAL)2-F10 Level 2, Kulim LandmarkCentral Shopping Centre,No.1, Jalan KLC Satu (1)09000 Kulim, Kedah Darul Aman. Tel: 04-491 9323 / 491 8323 Fax: 04-490 8323 Email : [email protected] Business Hour: (Mon - Sun)10.30am - 10.00pm

PRAI (MEGAMAL PINANG)2828, Jalan Baru, Bandar Perai Jaya, 13600 Seberang Perai Tengah.Pulau PinangTel: 04-399 8998 Fax: 04-399 8228 E-mail: paci cprai@paci chyper-dept.com.my Business Hour: (Mon - Sun)10.00am - 10.30pm

TAIPING(WISMA DATO’ TOH ENG HOE)Lot 1512-1522, Jalan Panggung Wayang, 34000 Taiping, Perak Darul Ridzuan. Tel: 05-806 0396/806 0397/ 806 0398 Fax: 05-806 0393 Email : [email protected] Business Hour: (Mon - Sun)10.00am - 10.00pm

Addresses of Outlet

HEAD OFFICE

The Store Corporation Berhad(252670-P)

Lot 328, Jalan 51A/223,Seksyen 51A,46100 Petaling Jaya, Selangor Darul Ehsan. Tel :+603-7960 3233Fax :+603-7960 3299

The Store Group’s



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CENTRAL REGIONAMPANG (PARAGON POINT)G-001, Ground Floor,Paragon Point Shopping Centre,Jalan Bunga Tanjung B,Taman Putra, 68000 Ampang,Selangor Darul Ehsan. Tel: 03-4295 6199/1599/9299Fax: 03-4295 2199Email : [email protected] Hour: (Mon - Sun)10.00am - 10.00pm

SHAH ALAM(PLAZA ALAM SENTRAL)Plaza Alam Sentral, Jalan Majlis, Seksyen 14, 40000 Shah Alam, Selangor Darul Ehsan.Tel: 03-5513 3377Fax: 03-5513 3737 Email :[email protected] Business Hour: (Mon - Sun)10.30am - 10.00pm

SHAH ALAM (SUNGAI BULOH)Kompleks Sungai Buloh,No. 2, Bandar Baru Sungai Buloh,Seksyen U20, 47000 Shah Alam, Selangor Darul Ehsan. Tel: 03-6157 1195Fax: 03-6157 7195Email : [email protected] Hour: (Mon - Sun)10.00am - 10.00pm

KLANG (SHAW CENTREPOINT)Shaw Centrepoint Complex, LG. 01-3.01, Jalan Raja Hassan, 41400 Klang, Selangor Darul Ehsan. Tel: 03-3344 6233 Fax: 03-3344 9233 Email : [email protected] Business Hour: (Mon - Sun)10.00am -10.00pm

BANTING (JALAN BESAR) Lot 1256, Jalan Besar, 42700 Banting, Selangor Darul Ehsan. Tel: 03-3181 2998 Fax: 03-3181 2996 Email : [email protected] Hour: (Mon - Sun)10.00am - 10.00pm

KUALA LUMPUR(PUDU PLAZA)Upper Ground & 1st Floor,Pudu Plaza, Jalan Davis, Pudu,55100 Kuala Lumpur. Tel: 03-2141 3599Fax: 03-2144 8599Email : [email protected] Hour: (Mon - Sun)10.00am - 10.00pm

KUALA LUMPUR(TAMAN KOK LIAN)LOT 34817, Jalan Batu Ambar,Taman Kok Lian,51200 Kuala Lumpur. Tel: 03-6257 3949 Fax: 03-6257 3939 Email :[email protected] Business Hour: (Mon - Sun)10.30am -10.00pm

NORTHERN REGIONTAIPING (TAIPING MALL)Jalan Tupai, 34000 TaipingPerak Darul RidzuanTel: 05-8088 833 Fax: 05-8068 633 E-mail: paci ctaiping@paci chyper-dept.com.myBusiness Hour: (Mon - Sun)10.00am - 10.30pm

TAIPING (JALAN KOTA) No 10-20, Jalan Tupai34000 Taiping, Perak Darul Ridzuan. Tel: 05-808 5214/ 5215Fax: 05-807 1042Email : [email protected] Hour: (Mon - Sun)10.00am - 10.00pm

IPOH (JALAN DATO ONN JAAFAR) Lot 6427 N, Jalan Dato Onn Jaafar,30300 Ipoh, Perak Darul Ridzuan. Tel: 05-255 0518 Fax: 05-255 6528Email : [email protected] Hour: (Mon - Sun)10.30am - 10.30pm

SITIAWAN (JALAN LUMUT) Lot 556/779, Jalan Lumut, 32000 Sitiawan, Manjung Perak Darul Ridzuan. Tel: 05-692 1552/691 2423/691 2431 Fax: 05-691 7418Email : [email protected] Hour: (Mon - Sun)10.00am - 10.00pm

KUALA KANGSAR(JALAN KANGSAR)71A-71D, Jalan Kangsar 33000 Kuala Kangsar, Perak Darul Ridzuan. Tel: 05-776 5522/776 5722/776 6432 Fax: 05-776 5622 Email : [email protected] Hour: (Mon - Sun)10.00am - 10.00pm

IPOH (JALAN KAMPAR)203, Jalan Raja Permaisuri Bainun(Jalan Kampar), 30250 Ipoh, Perak Darul Ridzuan. Tel: 05-241 3597 Fax: 05-241 3612 Email : [email protected] Hour:(Mon - Sat)10.30am - 10.30pm(Sun) 8.00am - 10.30pm

SUNGAI SIPUT (JALAN BESAR)Lot 1352-1356, Jalan Besar, 31100 Sungai Siput, Perak Darul Ridzuan. Tel: 05-598 3233 Fax: 05-598 1828 Email : [email protected] Hour: (Mon - Sun)10.00am - 10.00pm

TELUK INTAN(JALAN AH CHEONG) 775, Jalan Ah Cheong,36000 Teluk Intan, Perak Darul Ridzuan. Tel: 05-622 2511 Fax: 05-621 3311 Email : [email protected] Hour: (Mon - Sun)10.00am - 10.00pm

Addresses of Outlet

The Store Group’s



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CENTRAL REGIONPORT DICKSON (OCEANIC MALL) Oceanic Mall, 1/2 Miles, Jalan Pantai, 71000 Port Dickson, Negeri Sembilan Darul Khusus. Tel: 06-647 7733 Fax: 06-647 7337 Email : [email protected] Hour: (Mon - Sun)10.00am - 10.00pm

SEREMBAN (CENTRE POINT) Jalan Dato’ Siamang Gagap, 70100 Seremban,Negeri Sembilan Darul Khusus.Tel: 06-761 1228 Fax: 06-761 2559Email : [email protected] Hour: (Mon - Sun)10.00am - 10.00pm

TAMPIN (JALAN BESAR)49-51, Jalan Besar, 73000 Tampin, Negeri Sembilan Darul Khusus. Tel: 06-441 9736/441 2936 Fax: 06-441 2923 Email : [email protected] Business Hour: (Mon - Sun)10.00am - 10.00pm

SEMENYIH (SEMENYIH SENTRAL)Jalan Semenyih 3, Semenyih Sentral, 43500 Semenyih, Selangor Darul Ehsan. Tel: 03-8724 3128 Fax: 03-8724 6128 Email : [email protected] Hour: (Mon - Sun)10.00am - 10.00pm

KUALA LUMPUR (SRI PETALING) 41, Jalan Radin Tengah, Bandar Baru Sri Petaling, 57000 Kuala Lumpur. Tel: 03 - 9056 3023 Fax: 03 - 9056 3713Email : [email protected] Hour: (Mon - Sun)10.00am - 10.00pm

KUALA LUMPUR (MID-POINT)Mid-Point Shopping Centre,Jalan Pandan Indah 1/25,Pandan Indah, 55100 Kuala Lumpur. Tel: 03-9274 9311/0927/ 6440/0463/0497Fax: 03-9274 3353 Email : [email protected] Hour: (Mon - Sun) 10.00am - 10.00pm

SEREMBAN(JALAN TUANKU MUNAWIR)43-A, Jalan Tuanku Munawir, 70000 Seremban, Negeri Sembilan Darul Khusus. Tel: 06-762 6280 Fax: 06-763 8609 Email :[email protected] Hour: (Mon - Sun)10.00am - 10.00pm

SEREMBAN(JALAN DATO’ SHEIKH AHMAD)Jalan Tuanku Munawir /Jalan Dato’ Sheikh Ahmad, 70000 Seremban, Negeri Sembilan Darul Khusus. Tel: 06-763 3705 Fax: 06-762 6151 Email : [email protected] Hour: (Mon - Sun)10.00am - 10.00pm

MELAKA (SOON SENG PLAZA)Lot 165-167, Jalan Tun Ali, 75300 Melaka.Tel: 06-283 5087/5088 Fax: 06-283 6588 Email : [email protected] Hour: (Mon - Sun) 10.00am - 10.00pm

EAST COAST REGIONKUALA TERENGGANU(JALAN BANDAR)218-/1-10, Jalan Bandar, 20100 Kuala Terengganu, Terengganu Darul Iman. Tel: 09-622 5399 Fax: 09-623 5942 Email : [email protected] Business Hour: (Mon - Sun)10.00am - 10.00pm

MENTAKAB(MENTAKAB STAR MALL)Lorong Bendahara 1,Mentakab Star City, 28400 Mentakab,Pahang Darul Makmur.Tel: 09-278 5733 Fax: 09-278 5773Business Hour: (Mon - Sun)10.00am - 10.00pm

KUANTAN (KUANTAN PARADE)Complex Kuantan Parade, Jalan Haji Abdul Rahman, 25000 Kuantan, Pahang Darul Makmur. Tel: 09-513 1698 Fax: 09-514 1993 Email : [email protected] Hour: (Mon - Sun)10.00am - 10.00pm

TEMERLOH (TERMINAL UTAMA)Terminal Utama, No.2, Jalan Sudirman,28000 Temerloh, Pahang Darul Makmur.Tel: 09-296 6100 Fax: 09-296 6900Email : [email protected] Hour: (Mon - Sun)10.00am - 10.00pm

KOTA BHARU (JALAN PADANG GARONG)2982 B-F, Jalan Padang Garong, 15000 Kota Bharu, Kelantan Darul Naim. Tel: 09-748 7711 / 748 7722 / 748 7733 Fax: 09-748 7788 Email : [email protected] Business Hour: (Mon - Sun)10.00am - 10.00pm

KOTA BHARU (KB MALL)Level Ground Floor Unit G-888,Level 1st Floor Unit 1-888, KB Mall, Lot Pt 101 & 102, Seksyen 16, Jalan Hamzah15050 Kota Bharu, Kelantan Darul Naim.Tel: 09-747 6622 Fax: 09-747 5225Email : paci ckbmall@paci chyper-dept.com.my Business Hour: (Mon - Sun) 10.30am - 10.30pm

Addresses of Outlet

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JOHOR BAHRU (TAMAN TUN AMINAH)Plaza Tasek, No 2, Jalan Pendekar 16, Taman Ungku Tun Aminah, 81300 Skudai, Johor Darul Takzim. Tel : 07-554 2008 Fax : 07-558 7008 E-mail : [email protected] Business Hour: (Mon - Sun) 10.00am - 10.00pm

KLUANG (JALAN DATO RAUF)No 1,3 & 5, Jalan Dato Rauf, 86000 Kluang, Johor Darul Takzim. Tel: 07-777 1528 Fax: 07-777 1598 Email : [email protected] Hour: (Mon - Sun)10.00am - 10.00pm

MUAR (WETEX PARADE)Jalan Ali, 84000 Muar, Johor Darul Takzim Tel: 06-952 1918 Fax: 06-952 1916 Email : [email protected] Business Hour: (Mon - Sun) 10.00am - 10.00pm

BATU PAHAT(JALAN ZABEDAH)28B, Jalan Zabedah, 83000 Batu Pahat,Johor Darul Takzim.Tel: 07-433 3293 Fax: 07-433 1203Email : [email protected] Hour: (Mon - Sun) 10.00am - 10.00pm

BATU PAHAT(BATU PAHAT MALL)1-888, Batu Pahat Mall, Jalan Kluang, 83000 Batu Pahat, Johor Darul Takzim. Tel: 07-431 1233 Fax: 07-431 0233 Email : paci cbpmall@ paci chyper-dept.com.myBusiness Hour: (Mon - Sun)10.00am - 11.00pm

JOHOR BAHRU(TAMAN JOHOR JAYA)135, 135A, 137 & 137A, Jalan Dedap 4, Taman Johor Jaya, 81100 Johor Bahru Tengah, Johor Darul Takzim. Tel : 07-355 5107 Fax : 07-354 6742 E-mail : [email protected] Business Hour: (Mon - Sun) 10.00am - 10.00pm

JOHOR BAHRU (JALAN TEBRAU PANDAN) Lot 1876, Batu 7, Jalan Tebrau Pandan, 81100 Johor Bahru, Johor Darul Takzim Tel: 07-355 2486/6735/3530Fax: 07-354 4988 Email : [email protected] Business Hour: (Mon - Sun)10.00am - 11.00pm

KLUANG (KLUANG MALL)G-88 & 1-88, Kluang Mall, Jalan Rambutan, Bandar Kluang, 86000 Kluang, Johor Darul Takzim.Tel: 07-776 9928 Fax: 07-776 2788E-mail: paci ckluang@ paci chyper-dept.com.my Business Hour: (Mon - Sun)10.00am - 10.30pm

EAST COAST REGION KEMAMAN (CENTRE POINT)Kemaman Centre Point, Jalan Da Omar, 24000 Kemaman, Terengganu Darul Iman. Tel: 09-858 4500 Fax: 09-858 4600 Email : [email protected] Business Hour: (Mon - Sun)10.00am - 10.00pm

KUANTAN (PASAR BESAR)Pasar Besar Kuantan, Jalan Tun Ismail,25000 Kuantan, Pahang Darul Makmur.Tel: 09-517 8080 Fax: 09-516 5050 Email : [email protected] Hour: (Mon - Sun)10.00am - 10.00pm

MENTAKAB(JALAN MOK HEE KIANG)28, Jalan Mok Hee Kiang,28400 Mentakab, Pahang Darul Makmur. Tel: 09-278 1600 Fax: 09-278 1601 Email : [email protected] Business Hour: (Mon - Sun) 10.00am - 10.00pm

BENTONG (VEGA MALL)Lot 01-01, Bentong Vega Mall, Jalan Ketari, 28700 Bentong, Pahang Darul Makmur. Tel: 09-223 2860 / 223 2861 Fax: 09-223 2863 Email : [email protected] Business Hour: (Mon - Fri) 11.00am - 10.00pm (Sat - Sun) 10.00am - 10.00pm

SOUTHERN REGION TANGKAK (JALAN PAYAMAS) Lot 167, Jalan Payamas, 84900 Tangkak, Johor Darul Takzim. Tel: 06-978 8076/ 978 8077 Fax: 06-978 5373 Email : [email protected] Hour: (Mon - Sun) 10.00am - 10.00pm

BATU PAHAT(JALAN RUGAYAH)No 89, Jalan Rugayah, 83000 Batu Pahat, Johor Darul Takzim. Tel: 07-431 8819 Fax: 07-431 2612 Email : [email protected] Business Hour: (Mon - Sun) 10.00am - 10.00pm

JOHOR BAHRU (KOMPLEK LIEN HOE)Lot 1-15, Block H, Plaza Sentosa, Jalan Sutera,Taman Sentosa, 80150 Johor Bahru,Johor Darul Takzim. Tel : 07-331 8649 Fax: 07-332 2282 Email : [email protected] Hour: (Mon - Sun) 10.00am - 10.00pm

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SABAH REGIONTUARANLot 4 - 9, Jalan Hone,89208 Tuaran, Sabah.Tel: 088-792 549 / 792 531Fax: 088-792 520Email : [email protected]

INANAMBlock C, Lot 20 - 25, Lorong Inanam Plaza,88400 Inanam, Kota Kinabalu, Sabah. Tel: 088-438 150 / 438 151Fax: 088-438 155Email : [email protected]

RANAU (WISMA TAI KONG)Wisma Tai Kong, Ground, 1st & 2nd Floor, Lot 6 - 8, 89307 Ranau, Sabah.Tel: 088-879 501 / 879 502 Fax: 088-879 500Email : [email protected]

PENAMPANG (BEVERLY HILLS PLAZA)Lot 33 - 36, Ground - 2nd Floor Beverly Hills Plaza, Jalan Bundusan,88300 Penampang, Kota Kinabalu,Sabah.Tel: 088-728 127 / 728 207Fax: 088-728 243Email : [email protected]

KENINGAU (KENINGAU 2)Yee Shing Commercial Complex,Lot 3 - 10, Phase 2,89007 Keningau, Sabah.Tel: 087-332 500 / 332 600 / 336 900Fax: 087-333 800Email : [email protected]

KUDATLot 2 - 7, Ground & 1st Floor,Jalan Lintas, 89057 Kudat, Sabah. Tel: 088-621 743 / 622 743Fax: 088-621 106Email : [email protected]

KOTA MARUDU Lot 1 - 6, Jalan Jaya Pekan Baru,89108 Kota Marudu, Sabah. Tel: 088-661 968 / 662 768Fax: 088-663 448Email : [email protected]

KOTA KINABALU(KOJASA BUILDING)No. 1, Kojasa Building, Jalan Pantai,88000 Kota Kinabalu,Sabah.Tel: 088-231 521 / 253 397Fax: 088-219 773 Email : [email protected]

SEMPORNA(SEMPORNA NEW TOWN CENTRE)Lot 1 - 6, Semporna New Town Centre Jalan Panglima Abdullah,91308 Semporna, Sabah.Tel: 089-784 288 / 784 289Fax: 089-784 290Email : [email protected]

Addresses of Outlet

The Store Group’s


LUYANG (BORNION CENTRE)Lot 26 - 27, Bornion Centre,Taman Foh Sang, 88836 Luyang,Kota Kinabalu, Sabah.Tel: 088-246 733 / 246 734Fax: 088-246 729 Email : [email protected]

SANDAKAN(CENTRE POINT MALL)Lot 15 - 19, Centre Point Mall, Jalan Pryer, 90000 Sandakan,Sabah.Tel: 089-235 021 / 235 022Fax: 089-235 023Email : [email protected]

KENINGAU (KENINGAU 1) Block C-3, Lot 9 - 12, Jalan Masak,89007 Keningau, Sabah.Tel: 087-331 400 / 332 300Fax: 087-332 100Email : [email protected]

TAWAU 1(COMPLEX CAHAYA BARU)Lot 257 - 261, Complex Cahaya Baru,Jalan Bunga, 91000 Tawau,Sabah. Tel: 089-753 339 / 753 986 / 753 980Fax: 089-753 990Email : [email protected]

TAWAU 2 (KOJASA KOMPLEKS)Kojasa Kompleks, No. TB 2602, Port Reclamation Area,Sea Front at Jalan Dunlup,91000 Tawau, Sabah. Tel: 089-761 207 / 761 208Fax: 089-761 210Email : [email protected]

KUNAK (KUNAK PLAZA)Lot D3 - D8, Kunak Plaza, 91207 Kunak, Sabah. Tel: 089-852 711 / 852 996Fax: 089-852 710Email : [email protected]

LIDO (PANGGUNG LIDO)Mile 3, Taman Che Mei,Ground Floor Panggung Lido,Penampang 88300, Kota Kinabalu, Sabah. Tel: 088-232 920 / 538 920 / 244 920Fax: 088-230 920Email : [email protected]

LAHAD DATU(CENTRE POINT SHOPPING COMPLEX)Level 2 & 3, Centre Point Shopping ComplexJalan Kastam Lama,91100 Lahad Datu,Sabah. Tel: 089-886 652 / 886 653Fax: 089-887 377Email : [email protected]


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Towards Smart Management

The StoreGroupTraining &LeadershipDevelopment


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It is a great recognition that, not only contributed in elevating their career but also to enhance the quality of management, hence appreciates the contribution of their hard-work and excellent performance that brings organization to a new stage.

The Store Group endeavours to bring the best out from its staff through a range of learning and development initiatives, aiming to broaden their exposure related to their work experiences.

The management team makes every effort to identify the individual career needs of each its staff.


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Built up good reputation toprovide an excellent management

to achieve a great organization.

The Store Group’s

Milestone ofAchievements


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2014Thirteen (13) outlets were awarded the certi cate of KEDAI HARGA PATUT 2014 in supermarket category by the Ministry of Domestic Trade, Co-operatives and Consumerism. The awarded outlets are as follow:

The Store - Bentong (Vega Mall), Kuala Terengganu (Jalan Bandar), Kangar (Kayangan Square), Sungai Petani (Central Square), Sitiawan (Jalan Lumut), Sungai Siput (Jalan Besar), Ipoh (Jalan Kampar), Teluk Intan (Jalan Ah Cheong), Batu Pahat (Jalan Rugayah)

Paci c - Kluang (Kluang Mall), Batu Pahat (Batu Pahat Mall), Prai (Megamal Pinang), Penang (Komtar)

2010Malaysia Top 10 Retailers of 2010 as recognized by the Retail Asia-Paci cTop 500 Ranking & Awards.

2009 / 2010Paci c (Prai) has been awarded the Certi cate of Merit (under the sub-sectorof Hypermarket outlet) in “Service & Courtesy” Excellence Awards for Retailers.

2010Eleven (11) outlets have been awarded the Certi cate of Accreditation (under the sub-sector of Hypermarket / Supermarket & Departmental Store Categories) in Quality Merchandise, Courteous Services & Store Presentation for 2010 / 2011.

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2007 / 2008Eighteen (18) outlets

were awarded theCerti cate of Fair

Price Shop in various categories by the Ministry of Domestic Trade &

Consumer Affairs in recognition of its

fair prices.

2007 ~ 2008Paci c (Prai), Paci c (KB Mall), Paci c (Alor Star Mall), Paci c (Batu Pahat Mall), The Store - Johor Bahru (Tebrau Pandan), The Store - Kuantan (Kuantan Parade), The Store - Kuala Lumpur (Sri Petaling) were awarded the Certi cate of Accreditation (under the sub-sector of Hypermarket / Supermarket & Departmental Store Categories) in Quality Merchandise, Courteous Services & Store Presentation for 2007/2008. The Store - Johor Bahru (Tebrau Pandan) and Paci c (Alor Star Mall) were also awarded with the best Supermarket, Hypermarket & Departmental Store in “Service & Courtesy” Excellence Awards for Retailers in 2007/2008. All awards were organized by the Malaysia Retailers Association (MRA), in collaboration with the National Productivity Corporation (NPC) and endorsed by the Ministry of Domestic Trade & Consumer Affairs.

2007 ~ 2008Malaysia Top 3Retailers of 2007 as recognized by theRetail Asia-Paci cTop 500 Ranking& Awards,a prestigiousaward for best performing retail companies in 14markets in theAsia-Paci cRegion.

2007 / 2008Eighteen (18) outlets were awarded the Certi cate of

Consumer’s Choice Shop (Kedai Pilihan Pengguna)

by the Ministry of Domestic Trade & Consumer Affairs in

recognition of its “quality, friendliness and reasonable prices” motto for essential

consumer products.

2006 / 2007Awarded the Certi cate of

Consumer’s Choice Shop (Kedai Pilihan

Pengguna) by the Ministry of Domestic

Trade & Consumer Affairs.

The Store Group’s

Milestone of Achievements


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2012Seventeen (17) outlets were awarded the Certi cate of Anugerah Kedai

Pilihan Rakyat 1Malaysia (AKPR1M) in supermarket category by the Ministry of Domestic Trade, Co-operatives and Consumerism. The awarded outlets are as

follow:

Northern Region-The Store – Ipoh (Jalan Kampar), Taiping (Kamunting), Taiping (Jalan Kota), Sitiawan (Jalan Lumut), Sungai Siput (Jalan Besar),

Kangar (Kayangan Square) Paci c – Prai (Megamal Pinang), Penang (Komtar) Central Region-The Store – Kuala Lumpur (Sri Petaling) Southern Region-The

Store – Johor Bahru (Taman Johor Jaya), Johor Bahru (Komplek Lien Hoe), Johor Bahru (Jalan Tebrau Pandan), Paci c – Kluang (Kluang Mall), Batu Pahat (Batu Pahat Mall) East Coast Region-The Store – Terengganu (Jalan Bandar),

Bentong (Vega Mall), Paci c – Kota Bharu (KB Mall)

2010Twelve (12) outlets have been awarded the Certi cate of Kedai Harga Patut 2010 in various categories by the Ministry of Domestic Trade & Consumer Affairs in recognition of its fair price.

The awards are as follows:

Electronic and Electrical Products

Leather Products Footwear/ Bag

Supermarket Textile & Apparel

2008 / 2009Eleven (11) outlets were awarded the Certi cate of Fair Price Shop in various categories by the Ministry of Domestic Trade & Consumer Affairs in recognition of its fair prices.

2008 / 2009Seven (7) outlets were awarded the Certi cateof Accreditation (underthe sub-sector of Hypermarket/ Supermarket& Departmental Store Categories) in Quality Merchandise, Courteous Services & Store Presentation.

2008 / 2009Nine (9) outlets were awarded the Certi cateof Consumer’s ChoiceShop (Kedai Pilihan Pengguna) by theMinistry of Domestic Trade & ConsumerAffairs.

2005Acknowledged as

one of the top 100listed companies in

terms of shareholdervalue creation in

KPMG/ The Edge Shareholder

Value Awards2005.

2005Largest and Oldest

Existing Supermarket cum Departmental

Chain in Malaysia as certi ed by the Malaysia

Book of Records Year 2001. This recognition has been recerti ed in

August 2005.

2004 ~ 2007 The Store (Malaysia) Sdn. Bhd. (8199-K) and Paci c Hypermarket & Departmental Store Sdn. Bhd. (361202-X) received numerous “Service & Courtesy” Excellence Awards for Retailers from 2004-2007. The awards are as follows:

2005Malaysia Top 3

Retailer of 2005as recognized by the

Retail Asia Paci c top 500 Awards 2005, a leading

award for top performing retail companies in

14 economies in theAsia-Paci c Region.

2004 / 2005Awarded the Certi cate

of Excellence by the Ministry of Domestic

Trade & ConsumerAffairs for its successful listing in Malaysia 1000

for year 2004/ 2005, a directory of the top

1000 performingcompanies in Malaysia.

The Store Group’s



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The Store Group’s


The Store Group has always beenat the forefront of reaching out to the

community through charity programmed. Its continues to touch the lives

of underpriviledged incommunities around them

The Store Group’s

CorporateSocialResponsibility


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6 selected welfare associations as listed below: • Grace Community Services

• Pertubuhan Kebajikan Anak Yatim Mary

• Vivekananda Home Rembau

• Children Protection Society

• Yayasan Anak-anak Yatim Kelantan (YAATIM)

• Yayasan 1Suria

Charity Fundraising for6 Walfare Homes

(1 October 2015 till31 March 2016)

Start donation:Charlie Tan make the donation during

the launching ceremony. Together with the group top management and

Grace Community Services,Irene J. Dawson (Centre) and Yayasan Anak-anak Yatim Kelantan, Fadzil Bin

Md. Nor (Third from left)as witness.

The Store Group’s

Corporate Social Responsibility

Cheque Presentation: Mr Charlie Tan (Second from right)

presented mock cheque tothe Heart Foundation of Malaysia

(Yayasan Jantung Malaysia), Dato’ Gurbakhash Singh (Centre)

with amounted RM110,000.00.

Raised Fund:The Store Group successfulraised up to RM100,000.00

for National Councilof Spastic Children’s

Associations in Malaysia.

The Heart Foundationof Malaysia

(1 October 2014 till31 March 2015)

The Store Group in aid to support help sustain the mission of The Heart Foundation of Malaysia to gain awareness from all Malaysians about the risk factors of heart disease and important facts to stay healthy.

Throughout the campaign, The Store Group successful raised up total of RM110,000.00 for the foundation.

National Council ofSpastic Children’s

Associations in Malaysia(1 April till

30 September 2015)


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The Store Group’s


Community Outreached ProgrammeAs one of Malaysia’s most progressive retail operators, The Store Group fully appreciates that a strong innovative presence in the realm of Corporate Social Responsibility (CSR) is one of the core factors that generates the caring society. To this end, The Store Group continue to roll out responsible and sustainable corporate practices that re ect our commitment to carry out social responsible and which uphold our culture of caring.

The Store Group unleash its caring to the needy group during festive season such as Hari Raya Puasa. We pay visited to the needy group house and to distributed food hampers with hope to put a smile for this needy group. In collaboration with Yayasan Budi Penyayang Malaysia, employees of The Store Group and volunteers of PENYAYANG will joined together to spread the spirit of sharing and giving to the underprivileged group and aim to create a caring society towards corporate social responsibility vision.

Buka Puasa Feast at KB Mall, Kelantan(20 June 2015)

Buka Puasa Feast at Alor Star Mall, Kedah(28 June 2015)

Buka Puasa Feast at Ipoh The Store, Ipoh Jalan Kampar(10 July 2015)

60 orphans Children from Rumah Puteri Harapan were treat to a Berbuka Puasa where the dinner was organized by KB Mall and Paci c Hypermarket and Departmental Store in collaboration with Nestle Products Sdn. Bhd. Children had a great time as they tucked into a sumptuous dinner and each child received a Hari Raya Goodies Bag and Raya Packet.

Total of 80 students and teachers from Sekolah Kebangsaan Pendidikan Khas Alor Setar, Sekolah Kebangsaan Dato’ Wan Mohamad Saman and Sekolah Kebangsaan Peremba were treated to Berbuka Puasa which was hosted by Alor Star and Paci c Hypermarket and Departmental Store, in collaboration with Nestle Products Sdn. Bhd. All students had a great time as they tucked into a sumptuos dinner and each of them received a Hari Raya Goodies Bag and Raya Packet to spread the spirit of giving this festive season.

In collaboration with Syarikat Faiza to carry out the spirit of giving during this Ramadan month by hosting Berbuka Puasa with less fortunate children. Total of 50 children from 3 welfare homes, which are Pertubuhan Kebajikan Anak Yatim dan Miskin Ar-Ridwani Ipoh, Rumah Anak Yatim Nur Kasih Ipoh and Maahad Tah z Addin Sungai Kati, Ipoh were treated to Berbuka Puasa.


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The Store Group’s


Kempen Jualan Kembali ke Sekolah (10 December 2015)The Store Group had put a smile on 150 students face by donated basis needs (Uniform, shoes, bag and stationeries) to ease their burden during school opening.

Mr. Charlie Tan,Executive Director ofPaci c Hypermarket andDepartmental Storehas receivedCerti cate of Appreciationfrom YB Dato’ Seri Hamzah bin Zainudin,Minister of Domestic Trade,Co-operative and Consumerism


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Registered Offi ce & Registrar Plaza 138, Suite 18.0318th Floor, 138, Jalan Ampang 50450 Kuala LumpurTel: 603-21615466 Fax: 603-21636968

Principal Place of BusinessLot 328, Jalan 51A/ 223, Sek. 51APetaling Jaya 46100 Selangor Darul EhsanTel: 603-7960 3233Fax: 603-7960 3299Website Address : www.tstore.com.myEmail: [email protected]

Stock Exchange ListingListed on the Main Market ofBursa Malaysia Securities Berhad since 3 March 1994Stock Sector: TradingStock Name & code : TSTORE & 5711

Dato’ Sri Md Kamal bin Bilal ~ Chairman (Independent Non-Executive Director )

Tan Sri Dato’Sri Tang Yeam Soon (Managing Director)

Dato’ Dr. Haji Kardin bin Haji Shukor (Independent Non-Executive Director)

Puan Sri Datin Sri Khor Guik Lee (Executive Director)

Chang Yen Huei (Executive Director)

Yeoh Chong Keng (Independent Non-Executive Director)

Lim Gin Chuan (Independent Non-Executive Director)

Dato’ Dr. Haji Kardin bin Haji Shukor ~ ChairmanYeoh Chong Keng Lim Gin Chuan

Dato’ Dr. Haji Kardin bin Haji Shukor ~ ChairmanYeoh Chong KengLim Gin Chuan

Dato’ Dr. Haji Kardin bin Haji Shukor ~ Chairman Yeoh Chong Keng Lim Gin Chuan

Ms Lee Wai Ngan (LS 00184)Ms Hwong Pik Hua (MAICSA 7027798)

Board Of Directors :

Audit Committee :

Remuneration Committee :

Nominating Committee :

Company Secretaries :

AuditorsGrant Thornton Chartered Accountants51-8-A, Menara BHL Bank Jalan Sultan Ahmad Shah10050 Pulau Pinang

Principal BankersMalayan Banking Berhad (3813-K)Hong Leong Bank Berhad (97141-X)HSBC Bank Malaysia Berhad (127776-V)

Place of Legal Form and DomicilePublic Limited Company Incorporated and domiciled in Malaysia

Corporate Information


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Dato’ Sri Md Kamal bin BilalS.S.A.P.,D.M.S.M., JP

Nationality/Age : Malaysian/ 53

Date of Appointment : 14 February 2000

Length of Service : 16 years 1 month(as at 10 February 2016)

Date of last re-election : 28 March 2013

Board Committee : Nil

Board Meeting attended : 2/4 in the nancial year

Directorship in Public : Chairman of Borneo AquaCompanies Harvest Bhd (649504-D)

Dato’ Sri Kamal has over 20 years of experience in the government sector, serving as a Community Development Of cer in the Ministry of National & Rural Development. After that, he ventured into the Automobile Industry as a Proton Edar dealer in Penang. He has been the Division Treasurer of UMNO for Kepala Batas Division and also a Division Committee Member of Barison Nasional for Kepala Batas since 2000. Dato’ Sri Kamal was conferred an Honorary Doctorate of Philosophy (Entrepreneurship) by Golden State University, USA.

He has been publically reprimanded with a ne of RM10,000 for breaching Rule 2.18(1) (a) and (c) and/or Rule 16.13(b) of the ACE market Listing Requirements of Bursa Malaysia Securities Bhd.

Tan Sri Dato’ Sri Tang Yeam SoonP.S.M., S.S.A.P., D.S.N.S







Directorship in Public : NilCompanies

Tan Sri Tang has more than 30 years of experience in the business sector, particularly in the retail industry. He founded his rst company at the age of 20 and under his stewardship, the company was successfully listed on Bursa Malaysia Securities Berhad’s Second Board 13 years later. Thereafter, he founded Paci c Hypermarket & Departmental Store Sdn Bhd before forging his career with The Store Group holding position as the Group Managing Director.

As Group Managing Director, Tan Sri Tang is mainly responsible for setting and reviewing the operations strategic and succession plans of the Group, evaluating and monitoring the Group’s performance goals and management of risks.

Tan Sri Tang is also actively involved in several other associations in various capacities. Currently, Tan Sri Tang is the Honorary Deputy Treasurer of the Federation of Chinese Associations Malaysia (Huazong), First Vice President of Malaysia-China Chamber of Commerce and Vice President of Malaysia-China Friendship Association, a board member of Kuen Cheng High School and other charitable organisations.

On 5 June 2010, he was awarded the Darjah Kebesaran Panglima Setia Mahkota (P.S.M), award which carries the title “Tan Sri” from Duli Yang Maha Mulia Seri Paduka Baginda Yang-di-Pertuan Agong (The King of Malaysia).

Tan Sri Tang is the husband of Puan Sri Datin Sri Khor Guik Lee who is also a director and a major shareholder of The Store Corporation Berhad.

Chang Yen Huei


Date of Appointment : 02 November 2001

Length of Service : 14 years 4 months(as at 10 February 2016)



Board Meeting attended : 4/4in the nancial year


Mr. Chang is an accountant by profession and a fellow member of the Association of Chartered Certi ed Accountants (FCCA), UK and also a member of the Malaysian Institute of Accountants (MIA). He is currently the Group Finance Director of The Store Group and is responsible for the Group’s corporate nance, treasury, accounting, taxation, information technology, project nancing business plan and investor relations functions.

He began his career in a public accounting rm in charge of a wide portfolio of clients in diversi ed industries. From 1993 to 1996, he was attached to a public listed company as an Accountant. Subsequently, he joined Paci c Hypermarket Group Sdn Bhd as the Group Accountant and moved up the ranks and became Group Financial Controller to task on budgets, organizational nancial statements, nancing and accounting. In 2001,

he assumed the position as Group Finance Director of The Store Corporation Berhad until now.

Director’s Profi le

Executive Director

Chairman Group Managing Director


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Puan Sri Datin Sri Khor Guik Lee






Board Meeting attended : 4/4in the nancial year


Puan Sri Khor has more than 30 years of extensive experience in the retail industry. With her spouse, Tan Sri Dato’ Sri Tang Yeam Soon, they formed a company which was subsequently listed on the Second Board of Bursa Malaysia Securities Berhad 13 years later. Thereafter, she joined Paci c Hypermarket & Departmental Store Sdn Bhd before forging her career with The Store Group holding position as an Executive Director.

Puan Sri Khor participated actively and constructively in all the board deliberations towards the future growth and direction of The Store Group.

Puan Sri Khor is the wife of Tan Sri Dato’ Sri Tang Yeam Soon who is a director and a major shareholder of The Store Corporation Berhad.

Lim Gin Chuan


Date of Appointment : 31 January 2000



Board Committee : Member of Audit Committee Member of Remuneration

Committee Member of Nomination

Committee


Directorship in Public : Director of Wong EngineeringCompanies Berhad (409959-W)

Mr. Lim obtained his Bachelor of Economics (major in Accounting) and Bachelor of Law from Monash University, Melbourne, Australia in 1988. Since then he has been practicing law in Malaysia with the main focus on conveyancing, property, banking and company law.

Yeoh Chong Keng





Board Committee : Member of Audit Committee Member of Remuneration

Committee Member of Nomination

Committee


Directorship in Public : Director of Yoong OnnCompanies Corporation Berhad (814138-K)

Mr. Yeoh obtained his Barrister-at-Law from Lincoln’s Inn, England in 1980. He was a senior police of cer in the Royal Malaysian Police Force before proceeding to study law at Lincoln’s Inn, England. He was called to the English Bar and Malaysian Bar in 1980 and 1981 respectively and is the Managing Partner of a legal rm in Kuala Lumpur. He has also acted as counsel for the Government of Hong Kong. He is an experienced lawyer specializing in corporate and banking law, a certi ed mediator, member of Disciplinary Board, Bar Council and a Notary Public.

Dato’ Dr. Haji Kardin bin Haji ShukorDPMJ, SMJ, AMN, PIS., JSM.,


Date of Appointment : 14 December 1993


Date of last re-election : 27 March 2015(Pursuant to Section 129(6)

of the Companies Act 1965)

Board Committee : Chairman of Audit Committee Chairman of Remuneration

Committee Chairman of Nomination

Committee



Dato’ Kardin is a quali ed Veterinarian and dedicated to his work in animal husbandry for which he has held many top positions in the public veterinary service. In 1963, he was seconded as Assistant Veterinarian with the Institute of Veterinary Research, Ipoh and subsequently, transferred to Kuala Pilah district before furthering his studies at the University of Queensland in 1965.

Upon his return to Malaysia in 1969, Dato’ Kardin was appointed as director of Veterinary Service for Kedah followed by other such appointments in various districts throughout Peninsular Malaysia. He was subsequently appointed as the Director-General of the Malaysian Veterinary Services.

Note:Save as disclosed in this annual report, none of the directors have any family relationship with any other directors and/or major shareholders of the Company or any personal interest in any business arrangement involving the Company, nor have they been convicted for any offences within the past 10 years, other than traffi c offences, if any.

Director’s Profi le

Independent Non-Executive Director Independent Non-Executive Director

Independent Non-Executive DirectorExecutive Director


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5 Years Group Financial Highlight


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Chairman’s Statement


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Dear Valued Shareholders,

On behalf of the Board of Directors, it is my pleasure to present the Company’s Annual Report and the Audited Financial Statements for the nancial year ended

30 September 2015.

Dato’ Sri Md Kamal bin BilalChairman

Financial Review For the nancial year under review, the revenue of the Group for the year was recorded at RM1.635 billion which was a slight dip by 7.5% as compared to the revenue of RM1.767 billion achieved in the previous year. The market conditions during the year continued to be dif cult and our growth was affected by the higher cost of living and the impact of the Goods and Services Tax implementation. Correspondingly, the pro t before tax was RM24.854 million, which was lower than the pro t before tax of RM38.070 million recorded in the previous year, translating to an earnings per share of 18.54 sen. The drop was due to lower revenue recorded.

The Group’s balance sheet remained healthy with cash and cash equivalents of RM160.627 million, while shareholders’ equity increased 2.2% to RM476.013 million from RM465.71 million in the previous year.

Delivering Shareholders’ Value The Board maintained its stance to reward its shareholders for their strong support all these years, in spite of the current market condition. The Board has proposed to maintain the dividend payout of a rst and nal single tier dividend of 3.75 sen per ordinary share for the nancial year 2015.

The proposed dividend will be subject to the shareholders’ approval at the forthcoming Annual General Meeting.

Operational Review The Group continues to expand its business by strategically identifying potential locations for new outlets for The Store and Paci c brands. The Store will be opening two new outlets in this year which will be located at M3 Mall, Setapak, Kuala Lumpur and Jerantut, Pahang. Paci c will be spreading its wings to open its 10th outlet to the community of Selayang in Selangor at Selayang Star City Mall in this year as well. In line with its objective of keeping ahead of its competition, the outlet will introduce its Premier Stores in a Boutique Counter Concept which provides a shopping ambience with comfort, convenience, variety and modern shopping lifestyle.

The Group is also undergoing a continuing programme to renovate, refurbish and upgrade the existing outlets. During the year, renovation of The Store Klang has been completed. The Store Taman Tun Aminah has also been upgraded with a great new image. The outlets are now more spacious with roomier walkways, offering a more conducive shopping environment to bring new lifestyle and shopping experience to the surrounding community.

At the same time, the introduction of a brand new eco concept of Market Place at The Store Taman Tun Aminah provides more premium items of local and imported products from fresh items to confectionaries and groceries.

With the rapid advancement of social media communications, smart phones and tablets, the Group has achieved another great milestone to carry out its promotion activities via WeChat & other popular social medias.

During the year, The Store and Paci c have been selected as the of cial launching venues for the Nationwide Price Reduction Campaign for year 2015 by the Ministry of Domestic Trade, Co-operatives and Consumerism at The Store Kuantan Parade in March 2015 and Paci c Taiping Mall in October 2015 respectively. More than 30,000 daily essential items were offered with up to 70% discounts throughout the campaign period to ease the burden of customers to combat with the rising cost of living.

Corporate Social ResponsibilityThe Board continues to uphold our commitment to undertake responsible practices which focuses on sustainability and good Corporate Governance. The Group has put in efforts towards the well-being of its employees, community and environment and strives to balance its social responsibility to the society with its business objectives and perform with greater accountability.

The corporate social responsibility initiatives are set out separately in the Statement on Corporate Social Responsibility in this Annual Report.

Strategic Outlook We brace ourselves for another tough year in 2016 and we take cognizance of the potential challenges ahead of us. These challenges include the current slide in crude oil prices, weakening Ringgit, higher in ation, aftermath of GST implementation since last year 2015. All these have increased the cost of production and affect all in the industries, indirectly affecting our Group’s bottom-line.

The Group will continue to pursue increased market share by broadening our product range to cater for the market trends and review pricing strategies for the coming year. As part of our growth strategy, the Group will continue its expansion with convenient and strategically located outlets nationwide.

We remain committed to the continuing success of the Group and are focused on delivering another pro table year whilst maintaining our commitment to safety and the environment and to responsibly serve the needs of the people in Malaysia.

AcknowledgementThe strength of the Group rests with its strong leadership supported by a loyal and united workforce who have been with the Group through thick and thin. It is my sincere hope that these strengths are carried through in the future and to bring the Group to greater heights.

My sincere gratitude and heartfelt thanks to our loyal shareholders as well as our customers, suppliers and business associates for their continuing invaluable trust and unwavering con dence in our Group over the past years. I would also like to take this opportunity to thank my fellow Directors for their valuable advice, contributions and commitment in leading the Group.

Thank you.

Chairman’s Statement


Corporate Structure

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The Board remains committed to ensure that the high standards of Corporate Governance (“CG”) set out in Malaysian Code on Corporate Governance 2012 (“the Code”) are practiced throughout the Group with the ultimate objective of enhancing shareholders’ value through building a sustainable business.

To this end, the Board is pleased to present the following statement which outlines the key aspects of the CG practices that were in place throughout the fi nancial year, unless otherwise stated.

The Board has the overall responsibility for the stewardship of business and affairs of the Group. The Board is committed to assume the roles and responsibilities specifi ed in the Code when discharging its leadership responsibilities. The details of principal responsibilities can be found in the Board Charter which is accessible at the Company’s website.

The Board has delegated the authorities and responsibilities for the day-to-day operation of business to the Managing Director and Executive Directors who are representing the management. During the fi nancial year, the Executive Directors with its senior management team have reviewed and evaluated the strategic plan and performance, sales revenue, customers’ feedback of the Group in light of the change in consumers’ sentiment and unfavorable economic factors. Management meetings were conducted on weekly basis comprising the executive directors, senior general managers and senior managers.

The Board reserves to itself certain key matters to approve, including CG issue, external fi nancial reporting, acquisition, divestment, investor relation, risk management and related party transaction. The presence of independent Directors is vital to ensure that the objectivity in decision making of the Board is achieved and that no single party can dominate such decision making in the Company. The independent Directors are independent from management and are free from any business or other relationships which could interfere with the exercise of independent judgment or ability to act in the best interest of the Company. The Board assesses the independence of the independent non-Executive Directors annually and when new interest or relationship surface between the independent non-Executive Directors and the Group. The Board concluded that each of them remained independent in character, judgement and performance.

The Board has delegated certain responsibilities to its Committees which operate within clearly defi ned terms of reference. All Board Committees do not have exclusives power but report to the Board on all matters considered and the ultimate responsibility for decision making on recommendation presented to the Board lies with the Board. The details of the Board Committees are set out in Principle 2 of this statement.

The Company has a management development program wherein potential candidates are identifi ed and sent for training from time to time. All candidates for directorship will be assessed by the Nominating Committee and thereafter, if suitable, recommended to the Board for approval.

The Board continues to adhere to the Code of Ethics which sets out the standard of CG with the aim to cultivate good ethical conduct throughout the Group. The Board recognizes the importance of adhering to the Code of Ethics.

The Board also recognizes the importance of establishing a single source of reference for Board activities through a Board Charter. As such, the Board will review its charter regularly, to keep it up-to-date with new changes in regulations and best practices and to ensure its effectiveness and relevance to the Board’s objectives.

The salient features of the Code of Ethics and Board Charter are accessible by the public from the Company’s website.

The Board has adopted a whistle-blower Policy which aims to encourage any person to come forward and raise any concerns about any suspected and/or known instances of misconduct, wrongdoing, fraud, waste/abuse involving the resources of the Group. This policy allows the identity of the whistle-blower to be kept in confi dential and protection is given against any form of reprisal or retribution.

The Board is committed to promote business sustainability strategies and its increasing signifi cance in the Group.

The sustainability strategies are realized via the Corporate Social Responsibility Programmes which are disclosed in this Annual Report.

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(cont’d)

All the Directors have full and unrestricted access to information or update on any aspect of the Company’s operations, performance, fi nancial and corporate issue to assist them in matters that require their decision. The Directors have direct access to the management or request further clarifi cation in relation to any areas of Group’s operation. As a general rule, all Board meeting’s papers are disseminated at least a week before the meeting to facilitate informed decision making process.

In exercising their duties, individual directors may obtain professional advice from external consultants such as merchant bankers, valuers, human resource consultant etc., but subject to the approval of the Managing Director, depending on the quantum of the fees involved and if it is deemed necessary.

The Board is supported by two qualifi ed and competent Company Secretaries. The key roles of the Company Secretaries are to provide advices and services to the Board in relation to the Company’s constitution, Board’s policies and procedures and to ensure compliance with relevant regulatory requirements, codes or guidances and legislations.

The Company Secretary also ensures that all the Board or Board Committee meetings are properly conducted and deliberated.

The Company Secretaries constantly keep themselves abreast of the evolving capital market environment, regulatory changes and development of CG through continuous attending trainings/seminars.

The appointment and removal of Company Secretaries is a matter of the Board to consider as a whole.

The Board presently has seven members comprising:

i) The Chairman (Independent Non-Executive)ii) 3 Executive Directorsiii) 3 Independent Non-Executive Directors

The present composition of the Board is in compliance with the Listing Requirements whereby at least two directors or one-third (1/3) of the Board must be independent directors. A brief profi le of each director is presented on pages 29 of this Annual Report.

There is no individual or group of individuals who dominates the Board’s decision-making. The balance enables the Board to provide clear and effective leadership to the Company and to bring independent judgment to various aspects of the Company’s strategies and performance.

The Board, through its Nominating Committees has conducted an annual evaluation on the effectiveness of individual director and Board skills. All assessments and evaluations are properly documented. The Board collectively has vast experience or expertise in accounting, taxation, human capital, marketing, knowledge in legal & regulatory requirement, Corporate Governance and entrepreneurship. The Board is satisfi ed with its current mix of skills, size and composition of the Board.

The effectiveness of the Board is vital to the success of the Group and the Company undertakes a formal evaluation each year in order to assess the effectiveness of the Board, its Committees and the individual directors.

The process was administered by the Company Secretary and commenced with the directors completing a questionnaire. The assessments are based on attendance, participation, personality and competency commitment and experience etc. It was concluded that the Board continues to operate in an effective manner and the directors demonstrated an appropriate commitment to their roles.

The NC has been established since 2011. It comprises three independent non-executive directors. The membership of the NC has not changed since the last report.

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The functions of the NC are as follows:

• To consider and recommend the candidate for directorship of the Board, proposed by the Board members or any shareholders.

• To annually review the performance of the individual Board members, its Committees as well as required mix of skills, experience and other qualities of the Board members.

• To annually assess the size, composition and effectiveness of the Board as a whole and the contribution of each individual director.

• To assess the independent directors annually.

• To consider the election of Board members to stand for election at the AGM.

For the annual assessment and selection of directors, the NC shall take into consideration of the following factors:

1. Skill, knowledge, expertise and experience;2. Professionalism;3. Commitment (including time commitment), contribution and performance;4. Integrity;5. The need to meet current and future Board composition; 6. Level of independence for the position of independent non-executive director and the tenure of independent

directors; and7. Board diversity.

The NC met once during the fi nancial year ended 30 September 2015 to carry out the following activities in accordance with the terms of reference:

i. Reviewed and recommended the re-election of directors, who retired in accordance with the Company’s Articles of Association and Companies Act, 1965.

ii. Reviewed and recommended the retention of independent non-executive directors who have served more than nine (9) years in the Company.

iii. Reviewed and assessed the independence of each independent director.

iv. Reviewed and assessed the structure, size and composition, in particular the required mix of skills, experience, diversity and other qualities including core competencies and effectiveness of the Board as a whole, the Board Committees and contribution of each Director.

The Board confi rms that the present size of the Board, required mix of skills, performance, experience and contribution of each directors, effectiveness of the Board and its Committees and independent Directors are optimum and is satisfi ed with the current position and performance of the Board during the year under review.

The Board acknowledges the recommendation of the Code pertaining to the establishment of Boardroom gender diversity policy. As at the date of this Annual Report, no formal policy formalizing its approach to Boardroom Diversity has been set. However, the Company does not set a specifi c target on the number of female candidates to be appointed to the Board. The criteria for recruitment of suitable candidate is based on a candidate’s skill, experience, time commitment and other qualities in meeting the future needs of the Company, including where appropriate, the ability to act as independent non-executive director as the case may be. Currently, the Board has a female executive director on the Board.

The Articles of Association of the Company provide that one third (1/3) of the Board members are required to retire at every AGM and subject to re-election by the shareholders. All directors appointed during the year shall hold offi ce until the next AGM and shall be subject to re-election by the shareholders. The Articles also provided that all directors shall retire once every three (3) years, including the Managing Director.

Pursuant to Section 129(6) of the Companies Act, 1965, directors who are over seventy (70) years of age shall retire at every AGM and may offer themselves for re-appointment to hold offi ce until the next AGM.

There is no maximum tenure fi xed by the Board of Directors as the Board is of the view that there is signifi cant advantage to be gained from the long serving directors who possess tremendous insight and knowledge of the Group’s affairs and operations.

(cont’d)

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At this forthcoming Annual General Meeting, the Company has 3 Directors who are retiring and offering themselves for re-election. The Board confi rms that it is satisfi ed that the Directors, who are required to stand for re-election and re-appointment respectively at the AGM, continue to demonstrate the necessary commitment to be fully effective members of the Board. To assist the shareholders in their decisions, suffi cient information such as directors’ personal profi les, their attendance at the meetings and shareholdings in the Company for each Director standing for re-election are furnished in this Annual Report.

The Company has established a Remuneration Committee (“RC”) which comprises three independent non-executive directors. The membership of the RC has not changed since the last report.

The RC is tasked with developing a formal procedure to assess and determine the remuneration packages and benefi ts offered by the Group to individual directors and making the necessary recommendations to the Board for approval. This is to ensure that the Company is able to attract and retain directors of the calibre needed to run the Group successfully. The RC meets when necessary.

The remuneration policy of the Group is summarized as follows:

a) The salary of executive directors is structured so as to link to the Group’s performance and scope of responsibility, taking into account prevailing market rates and the Company’s fi nancial standing and it is reviewed periodically.

b) For the non-executive directors, the level of remuneration refl ects the expertise and the level of responsibilities undertaken by them.

c) Non-executive directors’ remunerations are determined by the full Board. The individual director will abstain from participating in decisions on their own remuneration packages.

d) The Board may take into consideration any relevant information provided by independent consultants or from survey data.

e) The directors’ fees are based on a standard fi xed fee, except for the Chairman who is paid a higher fee in recognition of his additional responsibilities.

f) Non-executive directors are paid a meeting allowance for each board meeting they attended

g) The directors are also reimbursed reasonable expenses incurred by them in the course of carrying out their duties on behalf of the Company.

h) Only executive directors of the group is entitled to benefi ts-in-kind.

The details of the remuneration of the directors of the Company comprising remuneration received/receivable from the Company and its subsidiary companies during the fi nancial year under review are set out in the table below.

The aggregate remuneration of directors categorized into appropriate components is as follows:-

Fees 504,000 169,000 673,000

Salaries 2,575,000 - 2,575,000

Allowance & other emoluments 420,000 63,000 483,000

3,499,000 232,000 3,731,000

The number of directors of the Company whose remuneration falls into the respective bands are as follows:-

Below RM50,000 - 3 3

RM 50,000 – RM 100,000 - 1 1

RM 500,000 – RM 550,000 1 - 1

RM 750,000 – RM 800,000 1 - 1

RM 2,150,000 – RM2,200,000 1 - 1

(cont’d)

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Details of the Directors’ remuneration are set out in applicable band of RM50,000 which comply with Listing Requirements. Whilst the Code has prescribed for disclosure of individual director’s remuneration package, the Board is of the view that transparency and accountability aspects of CG in respect of the director’s remuneration are appropriately and adequately addressed by the band disclosure method adopted by the Board.

The Board has established evaluation on an annual basis of independent directors to ensure compliance with the requirements of independent directors as set out in the Listing Requirements and the effectiveness and contribution of independent directors. The independent Directors play a pivotal role in corporate accountability and provide unbiased views and impartially to the Board’s deliberation and decision making process.

The Board is satisfi ed with the level of independence demonstrated by the 4 independent non-Executive Directors and their ability to provide objective judgement to the Board, which mitigate confl ict of interest and undue infl uence from interested parties.

In line with the Code, the Board adopted the Code’s recommendation in which the tenure of an independent director should not exceed a cumulative term of nine (9) years. Upon completion of 9 years, the independent director will be re-designated as non-independent director. In the event such director is to be retained as an Independent director, the Board will have to justify and obtain shareholders’ approval.

The NC and the Board have deliberated and hold the view that a director’s independence cannot be determined solely with reference to the tenure of service. The length of their services on the Board does not in any way interfere with their exercise of independent judgment and ability to act in the best interest of the Company. The continued tenure of independent directors also brings stability to the Board and the Company benefi ts from Directors who have, over time gained valued insight into the Group’s operation and the industry.

Thus, the independence of the independent Directors namely, Dato’ Sri Md Kamal Bin Bilal, Dato’ Dr Kardin Bin Haji Shukor, Mr Yeoh Chong Keng and Mr Lim Gin Chuan have been reviewed and it is recommended that they continue to act as independent Directors subject to the shareholders’ approval at the forthcoming AGM based on the following justifi cations:

a) All of them continue to fulfi ll the criteria under the defi nition of an independent director as set out in the Listing Requirements.

b) They have never transacted or entered into any transactions with, nor provided any services to the Company or its subsidiaries, within the scope and meaning as set forth in the Listing Requirements.

c) They have not been offered or granted any options by the Group, nor any other incentives or benefi ts of whatever nature had been paid to them by the Company,

The roles and responsibilities of the Chairman and Managing Director are distinct and separated to ensure there is an appropriate balance of power and authority with clear division of responsibility and accountability. Therefore, the Company has an independent non-Executive Director as a Chairman who does not have any relationship with the existing Managing Director. The role of the Chairman is primarily leading and managing the Board while the Managing Director, with the assistance of Executive Directors and a team of managements is generally responsible for the development and implementation of strategy and its day-to-day operations of the Group.

The Board does not consider it necessary to nominate a recognized senior independent non-executive director to whom any concerns may be conveyed, in view of the present independent element of the Board composition and the segregation of the roles of the Chairman and Managing Director.

The Board endeavors to meet at least 4 times a year, at quarterly intervals which are scheduled well in advance at the commencement of the fi nancial year to help facilitate the Directors planning their meeting schedule for the year.

The Board is satisfi ed with the level of time commitment given by the Directors towards fulfi lling their roles and responsibilities which is evidenced by the satisfactory attendance records of the directors at Board meetings and Board Committee meetings during the fi nancial year under review. The Board expects that the Directors will serve on the boards of other companies only to the extent that such services do not detract from the Director’s ability to devote the necessary time and attention to the Company.

ANNUAL REPORT 2015

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To ensure that the Directors have time to focus and fulfi ll their roles and responsibilities effectively and in line with the Listing Requirements, all the Directors do not hold more than 5 directorships in public listed companies.

The Board met four (4) times during the fi nancial year under review to discuss on various matters including the Group’s fi nancial results, the overall performance, challenges faced by the Group, business development activities, related party transactions etc.

Board AC NC RC

1. Dato’ Sri Md Kamal bin Bilal 2/4 - - -2. Tan Sri Dato’ Sri Tang Yeam Soon 4/4 - - -3. Dato’ Dr. Haji Kardin bin Haji Shukor 4/4 4/4 1/1 1/14. Puan Sri Datin Sri Khor Guik Lee 4/4 - - -5. Chang Yen Huei 4/4 4/4* - -6. Yeoh Chong Keng 3/4 3/4 1/1 1/17. Lim Gin Chuan 4/4 4/4 1/1 1/1

All the Directors have complied with the minimum 50% requirement on attendance at Board meetings as provided for in the Listing Requirements.

There is no time specifi cation fi xed for each Director to be committed to the Company as the Board places more emphasis on and is results oriented. Anyhow, the Directors are still required to update the Company Secretary on their other directorships from time to time. The Board is assured that its members should be able to fulfi l his/her commitment to the Company in spite of any new directorship, as not all companies require the presence of the board in its meetings.

The Board recognizes the importance of training as a continuous education process for the Directors in order to ensure that the Directors stay abreast of the latest development and changes in law and regulations, business environment and new challenges to enable them to fulfi ll their responsibilities and to discharge their duties effectively.

The training needs of the Directors are evaluated and assessed by the Board. The Directors are also encouraged to evaluate their own training needs on a continuous basis and to determine the relevant programmes, seminar, workshops or forum available that would best enable them to enhance their knowledge and contributions to the Board.

During the fi nancial year under review, the Directors of the Company have attended various training programmes, seminars, conferences and talks with relevant topics as follows:

Tan Sri Dato’ Sri Tang Yeam Soon Leading In Time of Change (1 Day)

Puan Sri Datin Sri Khor Guik Lee Leading In Time of Change (1 Day)

Chang Yen Huei a) Leading In Time of Change (1 Day)

b) Transfer Pricing Documentation (1/2 Day) c) GST Challengers - Risk & Highlights with Budget 2015 (1 Day) Proposal and latest GST Development. d) Technical Briefi ng on Computation of Percentage Ratios (1 Day)

Yeoh Chong Keng Goods & Services Tax Briefi ng (1 Day)

Lim Gin Chuan Introduction to GST (1 Day)

The Board also took due care and reasonable steps to ensure that the annual fi nancial statements and quarterly results announcements of the Company and of the Group are drawn up in accordance with the requirements of the applicable approved accounting standards in Malaysia and the provisions of the Companies Act, 1965. The Audit Committee (“AC”) assists the Board by reviewing and scrutinizing the Company’s annual fi nancial statements and quarterly condensed fi nancial statements focusing particularly on changes in accounting policies, judgement in applying these accounting policies as well as assumptions and estimates applied in accounting for certain material information before recommending to the Board for approval. The Directors’ Responsibility Statement explaining the responsibility of the Board for preparing the annual audited fi nancial statements of the Company and of the Group for the fi nancial year ended 30 September 2015 is presented in this Annual Report.

The Board has ensured quality fi nancial reporting to its shareholders, investors and regulatory authorities in order to present a balanced, clear and comprehensive assessment of the Company’s and of the Group’s performance and prospects. As part of the Company’s continuing disclosure obligation under the Listing Requirements, the Board ensures that timely, accurate and up-to-date fi nancial information relating to the Company’s and the Group’s quarterly fi nancial results are announced to Bursa Malaysia.

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The Company establishes a formal and transparent relationship with the external auditors in seeking their professional advice and ensuring compliance with the applicable fi nancial reporting standards.

During the fi nancial year under review, the AC has reviewed the audited fi nancial statements of Group and of the Company and external auditors’ fi nding and recommendation to ensure compliance of the fi nancial statements with the provisions of the Act and applicable approved accounting standards as per the Malaysian Accounting Standards Board.

The external auditors are required to declare their independence annually to the AC as specifi ed by the By-laws issued by the Malaysian Institute of Accountants. The external auditors had made declaration in their annual audit plan presented to the AC that they were independent throughout the conduct of the audit engagement in accordance with the terms of the relevant professional and regulatory requirements. The external auditors can be engaged to perform non-audit services that are not perceived to be in confl ict with their role as external auditors.

In regards to the tenure of current external auditors, the By-Laws of the Malaysian Institute of Accountants requires the external key auditors’ partners to be rotated upon serving a public company for a period of fi ve (5) years. Upon then, he/she shall not be a member of the engagement team or be a key audit partner for the same public company for two (2) years. During that period, he/she shall not participate in the audit of the entity, provide quality control for the engagement,consult with the engagement team or that public company regarding technical or industry specifi c issues, transactions or events or otherwise directly infl uence the outcome of the engagement. This mandatory requirement serves as a safeguard measure of the External Auditors’ independence. In view that of, the Company shall not fi x any tenure of its current external auditors.

The AC undertaken an annual assessment of the suitability and independence of the external auditors. The Committee will take into consideration of the external auditor’s competency, quality of performance, independence and objectivity, auditor’s fee and others.

Upon assessment, the AC is satisfi ed with the competence and independence of the external auditors and had recommended the re-appointment of the external auditors to the Board and thereafter to be tabled for the shareholders’ approval at the forthcoming AGM.

The role of the Audit Committee in relation to the external auditors is elaborated in the Audit Committee Report in this Annual Report.

The Board acknowledges that risk management and internal control is an integral part of the overall management process. It is an ongoing process to identify, evaluate, monitor and manage and mitigate the risks that may affect the achievement of its business and corporate objective.

The details of the Risk Management and System of Internal Control of the Company are set out in the Statement on Risk Management and Internal Control of this Annual Report.

The Company upholds a culture of continuous disclosure and communication with shareholders and stakeholders through practical and legitimate channels, both in principle and in practice, is to maximize transparency consistent with good CG, except where commercial confi dentiality dictates.

The Company has put in place a Corporate Disclosure Policy setting out the policies and standard operating procedures in disseminating of Company information and to ensure the disclosure of material information pertaining to the Company’s performance and operations is in accordance with the disclosure requirements under Listing Requirements and other applicable laws.

The Company’s website serves as a forum to enable the public and shareholders to access on the Group’s business, latest development and commitment.

To ensure comprehensive, accurate and timely disclosures, the Company has put in place the following initiatives in the Company’s website (www.tstore.com.my)

• Maintaining an investor relation platform• Updating all announcements made to Bursa Malaysia • Updating the latest news, highlights and press release • Providing an online enquiries/feedback feature for public• Providing corporate information to the current shareholders, potential investors and stakeholders and;• Updating the annual report of the Company.

(cont’d)

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Bursa Malaysia also provides for the Company electronically publish all its announcements, including its quarterly and annual reports via the same link. These can be accessed online through Bursa Malaysia’s website page at http://www.bursamalaysia.com.

The Company has the annual general meeting and extraordinary general meeting as means of communication for shareholders and investors to seek clarifi cations on the operations, fi nancial performance and major developments of the Group. The notice of AGM will be circulated at least twenty-one (21) days before the date of meeting to enable the shareholders have suffi cient time to peruse the Annual Report and papers supporting the resolutions proposed.

During the shareholders’ meetings, the Chairman of the meeting shall remind all members present about their right to demand for a poll in accordance with the provisions of the Articles of Association of the Company in the voting on any resolutions. However, with the current level of shareholders’ attendance at General Meetings, the Board view that voting by show of hands continues to be effective. Currently, all resolutions put forth to the shareholder’s approval were carried out by a show of hands, unless a poll is demanded or specifi cally required.

The Chairman also will undertake to provide written answers to signifi cant questions that cannot be readily answered at the meetings. Shareholders’ suggestions received during the meetings are reviewed and considered for implementation, whenever possible. The management and the external auditors are also present at the meetings to provide their professional and independent clarifi cation on issues and concerns raised by the shareholders. The outcomes of all resolutions proposed at the meetings are announced to Bursa Malaysia on the same day to enable the public to be informed.

The Board has identifi ed the Company Secretaries to whom concerns may be conveyed and who would bring the same to the attention of the Board.

The Board has taken steps to ensure the Group has implemented as far as possible the recommendation as set out in the Code. The Board considers that the Company has, in all material aspects, substantially implemented the Principles and recommendations of the Code during the fi nancial year under review.

This statement is made in accordance with a resolution of the Board of Directors’ passed on 21 January 2016.

Pursuant to Paragraph 15.26 (a) of the Main Market Listing Requirements of Bursa Malaysia, the Board is required to issue a statement explaining its responsibility for preparing the annual audited fi nancial statements.

The directors are required by the Companies Act, 1965 to prepare fi nancial statements for each fi nancial year which give a true and fair view of the state of affairs of the Company and of the Group as at the fi nancial year end and of the results and cash fl ows for that year.

In preparing the fi nancial statements of the Company and of the Group for the fi nancial year ended 30 September 2015, the directors are required to use appropriate accounting policies, consistently applied and supported by reasonable and prudent judgments and estimates as well as all applicable approved accounting standards in Malaysia have been complied with and confi rm that the fi nancial statements have been prepared on a going concern basis.

The directors are responsible for ensuring that the Company and the Group keep accounting records which disclose with reasonable accuracy at any time the fi nancial positions of the Company and of the Group which enable them to ensure that the fi nancial statements comply with the provisions of the Companies Act, 1965, where appropriate.

The directors are also responsible for taking such steps that are reasonably open to them to safeguard the assets of the Group and to prevent and detect fraud and other irregularities.


(cont’d)

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The Board is pleased to provide the following Statement on Risk Management And Internal Control (“Statement”) pursuant to Paragraph 15.26(b) of the Bursa Malaysia’s Listing Requirements, as guided by the Statement on Risk Management & Internal Control: Guidelines for Directors of Listed Issuers (“Internal Control Guidelines”) issued by the Task Force on Internal Control in December 2012.

The Board recognises and acknowledges its overall responsibility for establishing and maintaining a sound system of risk management and internal control, which includes the responsibility for the establishment of an appropriate control environment and framework as well as for the ongoing review of the adequacy and effectiveness of the system of internal control to safeguard the shareholders’ values and the Group’s assets.

In recognition of this responsibility, the Board sets and implements policies and procedures which incorporate key control requirements to be implemented in all business activities and operations. Through the Audit Committee, the Board seeks reasonable assurance that the system of internal control is adequate and operating effectively in achieving its objectives such as operational effi ciency and effectiveness and prevention and detection of fraud and other irregularities.

The Board and Management recognise that risk management is an integral part of business operations. The Group has in place a risk management mechanism whereby there is an ongoing and systematic process for identifying, evaluating and managing the principal risks that affect the attainment of the Group’s business objectives and goals, and for managing these risks faced by the Group to within the Group’s risk appetites.

The Board assumes an overall responsibility for the implementation of an effective risk management framework. The Management team are constantly monitoring the risks that arise in the course of business in their respective fi elds. In the event of a new potential /signifi cant risk arising from within the company or in the external business environment, they will report the risk events to the Senior Management and/or Directors for advice and make a concerted and timely response by developing new action plans or by setting new policies and procedures to mitigate or address these risks and reduce them to an acceptable level.

Risks are identifi ed and monitored by the respective business units within the Group. The business units will work closely with Legal, Human Resource and Internal Audit Departments to jointly propose ways on how to manage and/or contain these risks to within the Group’s risk appetites. They will highlight the key risks to the Senior Management and/or Directors at business meetings and/or via special dialogue or discussion sessions.

The key risk areas for the Group are summarised as below:

The overall economic conditions will have an impact on the consumer demand and their purchasing power which in turn will affect the Group’s overall fi nancial performance.

The new government regulations such as Goods and Services Tax which came into effect on 1 April 2015, had a signifi cant impact on the business revenue and profi t margins. Whereas Price Control and Anti Profi teering Act 2011 and Personal Data Protection Act 2010, etc., had increased compliance costs for the Group in order to ensure the government requirements were complied with.

The principal elements of the risk management and internal control functions are embedded within the Group’s policies and procedures and its operations, which can be summarized as follows:

• Operating Structure with Clearly Defi ned Lines of Responsibility and Accountability The Group has a well-defi ned organizational structure with clear lines of accountability and responsibility,

with strict authorisation, approval and control procedures; this provides a sound framework of authority and accountability within the Group.

• Clearly Defi ned Authority Level The Group sets clearly defi ned authorisation and signing limits on all fi nancial commitments and transactions

within the Group. Such limits are subject to periodic reviews to refl ect changing business and operating requirements.

• Written Policies And Procedures Documented policies and procedures as set out in the Group’s Standard Operating Procedures (SOP) are

periodically reviewed to ensure they always refl ect the Group’s objectives and changing operating environment, and serve to provide guidance in the daily operations.

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• Performance Management Framework - Comprehensive budgeting and costing process is in place for all operating units which is used to monitor

performances; any material variances will be followed up and addressed by the Management.

- Regular top/senior management meetings are conducted to share/exchange information, monitor the progress of various business units, and to discuss and deliberate upon operational matters.

- Regular visits to its operating business units are made by Management Team to gauge the effectiveness of the strategies implemented and to ensure all business activities and operational issues and matters noted were reported to the Management for their awareness and for consideration when formulating /revising company strategies.

• Advance IT & Communication Systems The Group invests in sophisticated computerised retail management and operating system for timely and

comprehensive capture and/or analysis of transaction data and for monitoring and review of business operations.

• Corporate values Corporate values, which emphasise ethical behaviour, are clearly incorporated in the Group’s Code of Business

Conduct and Ethics.

The Group’s internal audit function is carried out by the Group’s Internal Audit Department under the authority conferred by the Audit Charter and in accordance with the annual audit plan approved by the Audit Committee. The function seeks to provide reasonable assurance on the adequacy and effectiveness of the design as well as the operating effectiveness of the internal controls system to the Board through the Audit Committee by carrying out independent audit reviews on the Group operations and activities.

The Group’s Internal Audit Department undertakes risk management assessments based on the information available in identifying and selecting high risk audit units or areas. Based on the risk-based reviews, Internal Audit highlights control weaknesses and/or non-compliances with the internal and applicable legal and/or regulatory requirements and provides audit recommendations to the Management on the appropriate preventive, detective or corrective measures to be implemented.

Internal Audit also advises the Management in a consultative capacity on how to strengthen and enhance its risk management activities and internal control systems.

During the fi nancial year under review, Internal Audit Department conducted various audits and special assignments which include operations reviews, compliance reviews, management audits, fraud investigations as well as other ad-hoc reviews. Issues noted during the reviews were highlighted to the Management and action plans with stipulated timeline were formulated to address the issues. Audit reports with management responses were submitted to the Audit Committee. However, there were no signifi cant weaknesses which need to be disclosed in this statement.

As required by Paragraph 15.23 of the Listing Requirements, the external auditors have reviewed this Statement pursuant to the scope set out in Recommended Practice Guide 5 (“RPG 5”) issued by the Malaysian Institute of Accountant for inclusion in this Annual Report. Based on their review, the external auditors have reported to the Board that nothing has come to their attention that causes them to believe that this Statement is inconsistent with their understanding of the process the Board has adopted in the review of the adequacy and integrity of risk management and internal control system of the Group.

During the fi nancial year under review, the Board is satisfi ed with the adequacy and effectiveness of the Group’s Risk Management and Internal Control System.

The Managing Director and Finance Director assured that the Group’s Risk Management and Internal Control System is operating adequately and effectively, in all material aspects, based on the Risk Management and Internal Control System of the Group. There were no material or signifi cant losses arising from the defi ciencies in internal control that require separate disclosure in this Annual Report.

The Board remains committed towards maintaining a sound system of risk management and internal control and will continue to give its full endorsement to ensure the system will evolve over time to adequately support the type of business and size of operations of the Group.

This statement is made in accordance with a resolution of the Board of Directors passed on 21 January 2016.

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The Board continues to uphold our commitments and responsibilities towards our employees, stakeholders, society at large and environments the place we are living in. While striving to sustain and increase shareholders’ value with continuing business sustainability and growth, the Board also put great value on corporate social responsibilities in conducting business affairs, as a responsible corporate citizen.

The Group remains committed to workplace diversity and this can be seen in our practices which do not discriminate stakeholders on account of race, age, gender and minorities. These practices are grounded in our belief that basic human rights and good corporate governance will improve the quality of life of our stakeholders.

Employees have always been the Group’s greatest assets and we place great emphasis on developing our human capital as its plays a critical role in our future growth and sustainability of the Group’s operations. We continue to implement our training and human development programme to align with the training needs for all levels of employees.

The Group has continuously engaged under its Management Trainee Programmes with higher learning institutions, universities and local college or taking part in their activities such as career fairs, exhibitions and engaged in recruitment drive to attract graduates with good leadership caliber to fi ll various job vacancies. Fresh graduates are assigned to work in different departments ranging from operational, fi nancial to management. Where they are exposed to all facets of the Group’s business in preparation for senior executive position in their career development.

This Programme also aim to be part of management succession planning programme.

The Group cultivates a safety culture among its employees to create and maintain a healthy and safe workplace in compliance with The Occupational, Safety and Health Policy (“OSH”). The OSH’s committee at HQ is always ensuring that OSH standards are applied across all operating outlets and consistency is guided. Annual audits are also undertaken to check on the compliance and adherence to the OSH policy that have been established through the years.

We believe that maintaining the safety of not only employee but all other people supporting our business endeavors is a fundamental aspect of our social responsibility. In keeping with this belief, we continue to establish an atmosphere that priorities occupational safety and health in all social and corporate environment.

The Group recognizes that our business conduct will have a signifi cant infl uence on the development and enhancement of the marketplace. We are committed to operate in a responsible manner based on sound business ethics in our retail business, safeguarding the well-being of our customers and taking accountability of our action by upholding effective Corporate Governance practices without compromising long term value creation.

In order to maintain the positive relationship with our long term customers at all levels, the Group is devoted in upholding value in providing reliable and quality products services in complying with Shariah requirements for halal products and achieving customers satisfaction and safety public at large. We also engaged and interact with our customers and consumers via our website or facebook.

Our business partners and associates play a critical role in our business aspirations. They also contribute towards achieving or sustainability and environmental goal. We expect them behave responsibly and where possible, to use sustainable procurement process to enhance the social, environmental and economic well-being of our communities.

As guided by our Corporate Disclosure Policy, the investors can always keep up-to-date information on the Group’s developments in a transparent, accurate, clear and timely manner from the corporate website. All the announcements, press release, annual reports as well as other Group’s information are also available in this website.

The Group is committed in adhering to the high standards of Corporate Governance in compliance with the Listing Requirements and recommendations of the Malaysia Code on Corporate Governance 2012. The Board is also committed in ensuring all activities in the Group are conducted fairly and at arms length and no favouritism. The Board takes into account its corporate responsibility towards the shareholders and stakeholders in formulating its business strategies.

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The Group places signifi cant important towards preserving the environment and conserving resources wisely. The Group has observed environmental friendly practices in its daily operations, including promoting awareness among our staff to minimise the usage of electricity, water and papers. The Group is committed to seek continuous improvement in its operation to minimize any negative impact on the environment.

The Group continues to play its role as a caring corporate citizen by contributing to local charities, humanitarian call and community functions/events in the form of employee’s time and skills, gifts in kinds and cash donations. During the fi nancial year, the Group has participated in contribution to Spastic Children’s Association of Malaysia.


There were no proceeds raised from any corporate proposal for the fi nancial year under review.

There were no shares buy-back transactions or resale of treasury shares undertaken by the Company during the fi nancial year under review.

During the fi nancial year under review, the total non-audit fees paid or payable to the external auditors and a company affi liated to the auditors were RM20,000 and RM80,850 respectively. The non-audit fees are in relation to services of verifi cation of stocks for claiming special refund under Goods & Services Tax requirement and taxation services.

There was no material variance between the fi nancial results for the fi nancial year ended 30 September 2015 and the unaudited results previously announced by the Company.

During the year under review, there were no material contracts entered into by the Company and its subsidiaries which involved Directors’ or major shareholders’ interests.

In compliance with the requirements of Paragraph 10.09 of the Main Market Listing Requirements of Bursa Malaysia, at the forthcoming Annual General Meeting, the Company intends to seek a renewal of shareholders’ mandates for the Group to enter into the existing and the additional Recurrent Related Party Transactions of a revenue nature with specifi ed classes of Related Parties as specifi ed in Section 3.2 of the Circular to shareholders dated 25 February 2016 which are necessary for the day to day operations and/or in the ordinary course of business of the Group.

(cont’d)

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The Board is pleased to present the report of the Audit Committee for the fi nancial year ended 30 September 2015.

The Audit Committee had conducted 4 meetings for the fi nancial year ended 30 September 2015.

Terms of Offi ce

The Board will review the term of offi ce and performance of the Audit Committee and each of its members at least once in every three (3) years to determine whether they have carried out their duties in accordance with the Terms Of Reference.

a) The Audit Committee shall be appointed by the Board from among its members and shall consist of not less than three members, all of whom must be non-executive directors with a majority of them being Independent Directors.

b) The composition of the Audit Committee shall fulfi ll the requirements as prescribed or approved by Bursa Malaysia.

c) The members of the Committee shall select a chairman from among their number and be appointed by the Board from the Independent Non-Executive Directors.

d) No alternate director of the Board shall be appointed as a members of the Audit Committee

If a member of the Audit Committee resigns, dies, or for any reason ceases to be a member resulting in non-compliance to the composition criteria as stated in paragraph 1 above, the Board shall within three (3) months of the event appoint such number of the new members as may be required to fi ll the vacancy.

The Audit Committee shall, in accordance with a procedure to be determined by the Board and at the expenses of the Company:

a) have explicit authority to investigate any activity within its terms of reference.

b) to have full and unrestricted access to any information/documents/resource which are required to perform its duties. All employer shall be directed to co-operate with any request made by the Committee.

c) to obtain outside legal or other independent professional advice as necessary.

d) to have direct communication channels with the external auditors and person(s) carrying out the internal audit function or activity, if any.

e) to communicate with Bursa Malaysia of any matter reported by the Audit Committee to the Board of Directors of the Company which has not been satisfactorily resolved resulting in a breach of the Listing Requirements of Bursa Malaysia.

The duties and functions of the Committee shall be:

• To review the external audit scope and audit plan based on external auditors’ presentation of audit strategies and plan;

• To review external audit results, audit reports, management letter and responses from management;

• To review and evaluate the factors relating to the independence of the external auditors;

• To consider the appointment, remuneration, resignation and dismissal of external auditors; and such other functions as may be defi ned by the Board of Directors;

• To evaluate the system of internal controls;

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(cont’d)

• To review the adequacy of the scope, functions, competency and resources of the internal audit function, and that it has the necessary authority to carry out its work;

• To review the internal audit programme, results of the internal audit process, plan or investigation undertaken, where necessary, ensure that appropriate action is taken on the recommendations of the internal audit function;

• To review and give suggestions on additional improvement opportunities in the areas of internal control, system and effi ciency improvement; and

• To review the risk management framework from time to time and any signifi cant proposed changes to risk management policies and strategies for adoption by the board.

• To review quarterly reports and annual fi nancial statements of the Company and of the Group, focus particularly on:

- any changes in or implementation of major accounting policies and practices; - signifi cant and/or unusual events arising from the audit; - the going concern assumption; and - compliance with accounting standards and other legal requirements.

• To monitor and review any recurring related party transactions and confl ict of interest situation that may arise within the Company or the Group including any transaction, procedures or course of conduct that raises questions of management integrity;

• To review the audit committee report, Statement on Corporate Governance and Statement of Risk Management and Internal Control for insertion into the Company’s Annual Report;

• To verify the criteria for allocation of options pursuant to a share scheme for employee, if any; and

• To consider such other matters as the AC considers appropriate or as authorized and defi ned by the Board.

a) The Audit Committee shall meet at least four times a year, with due notice of issues to be discussed, and shall record its conclusions in discharging its duties and responsibilities.

b) Notice of the meeting shall be given to all the Audit Committee members unless the Audit Committee waives such requirement.

c) Any two members of the Committee present at the meeting shall constitute a quorum which must be made up of the Independent Directors.

d) The Managing Director, the Executive Directors, any other Board Members, General Managers or any other senior executives as may be requested by the Committee and a representative of the external auditors shall normally attend meetings. However, the Committee shall meet with the external auditors at least once a year without the presence of the management.

e) The Company Secretaries shall be Secretaries of the Committee.

f) Questions arising from meeting shall be decided by a simple majority of votes except for related party transaction where interested members shall be abstained from deliberation and voting. In case of equality of votes, the Chairman of Audit Committee shall have a second or casting vote.

g) Circular Resolutions signed by all the members shall be valid and effective as if it had been passed at a meeting of the Audit Committee.

h) The minutes of proceedings of the Audit Committee shall be kept by the Company Secretary at the Registered Offi ce of the Company, and shall be opened for inspection by any member of the Committee or any member of the Board of Directors.

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During the fi nancial year under review, the main activities undertaken by the Committee are as below in accordance with its terms of reference:

(a) Reviewed the audited fi nancial statements of the Group and of Company and the external auditors’ fi ndings and recommendation prior to submission to the Board for their consideration and approval. This is to ensure compliance of the fi nancial statements with the provisions of the Act and applicable approved accounting standards as per the Malaysian Accounting Standards Board;

(b) Reviewed the quarterly and annual fi nancial results of the Group prior to recommendation to the Board for their consideration and approval;

(c) Reviewed the Annual Report Statements inclusive of the Statement on Risk Management and Internal Control;

(d) Reviewed and recommended the re-appointment of Messrs. Grant Thornton as auditors for the fi nancial year under review;

(e) Reviewed and discussed with external auditors, their audit planning memorandum, audit approach and reporting requirements prior to the commencement of audit for the fi nancial year under review;

(f) Considered and recommended to the Board for approval on the audit fees payable to the external auditors;

(g) Discussed and identifi ed new Malaysian Financial Reporting Standards (“MFRS”) and other standards which may have had a signifi cant impact on the fi nancial statements.

(h) Reviewed the mandate for the Group to entered into the existing and additional Recurrent Related Party Transaction of a revenue or trading nature.

(i) Reviewed recommended the revision of terms and reference for Audit Committee.

(j) Reviewed the adequacy of internal audit’s scope, function, resource and program.

The Internal Audit function reports directly to the Audit Committee. Internal Audit carries out independent reviews and audits on the operations and management of the companies and subsidiaries of the Group as per the annual audit plan approved by the Audit Committee. The main objective of these audits is to provide reasonable assurance on the adequacy and operating effectiveness of the control procedures and the extent of compliance with the Group’s policies and procedures. Internal audit also carries out investigations and other adhoc reviews with specifi c focus on the high risk areas.

Total cost incurred for the internal audit function of the Company for the fi nancial year was RM242,966.29 (2014: RM222,041.87).

This statement is made in accordance with a resolution of the Board of Directors passed on 21 January 2016.

(cont’d)

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30 September 2015

CONTENTS PAGE

Directors’ Report 51 - 53

Directors’ Statement 54

Statutory Declaration 54

Independent Auditors’ Report To The Members 55 - 56

Statements Of Financial Position 57 - 58

Statements Of Comprehensive Income 59

Consolidated Statement Of Changes In Equity 60

Statement Of Changes In Equity 61

Statements Of Cash Flows 62 - 63

Notes To The Financial Statements 64 - 101

Supplementary Information 102


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The directors have pleasure in submitting their report and the audited nancial statements of the Group and of the Company for the nancial year ended 30 September 2015.

PRINCIPAL ACTIVITIES

The principal activities of the Company are investment holding and the provision of management services.

The principal activities of the subsidiaries are indicated in Note 6 to the nancial statements.

There have been no signi cant changes in the nature of these activities during the nancial year.

RESULTS

In the opinion of the directors, the results of the operations of the Group and of the Company for the nancial year ended 30 September 2015 have not been substantially affected by any item, transaction or event of a material and unusual nature nor has any such item, transaction or event occurred in the interval between the end of that nancial year and the date of this report, other than those disclosed in the nancial statements.

RESERVES AND PROVISIONS

All material transfers to or from reserves or provisions during the nancial year are disclosed in the notes to the nancial statements.

DIVIDENDS

Since the end of the previous nancial year, the Company has paid a rst and nal single tier dividend of 3.75 sen per share amounting to RM2,568,885 for the nancial year ended 30 September 2014, as proposed in the directors’ report of that nancial year.

At the forthcoming Annual General Meeting, a rst and nal single tier dividend of 3.75 sen per share amounting to RM2,568,885 for the nancial year ended 30 September 2015 will be proposed for the shareholders’ approval. The nancial statements for the current nancial year do not re ect this proposed dividend. Such dividend, if approved by

the shareholders will be accounted for in equity as an appropriation of retained pro ts in the nancial year ending 30 September 2016.

SHARE CAPITAL AND DEBENTURE

During the nancial year, the Company did not issue any share or debenture and did not grant any option to anyone to take up unissued shares of the Company.

GROUPRM’000

COMPANYRM’000

Pro t after tax for the year 12,695 2,612

Attributable to:

Owners of the Company 12,702 2,612

Non-controlling interests (7) -

12,695 2,612

Directors’ ReportFor The Financial Year Ended 30 September 2015


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DIRECTORS

The directors who served since the date of the last report are as follows:

Dato’ Sri Md. Kamal bin Bilal

Tan Sri Dato’ Sri Tang Yeam Soon

Chang Yen Huei

Puan Sri Datin Sri Khor Guik Lee

Dato’ Dr. Hj. Kardin bin Hj. Shukor

Yeoh Chong Keng

Lim Gin Chuan

DIRECTORS’ INTERESTS IN SHARES

According to the Register of Directors’ Shareholdings, the interests of directors in of ce at the end of the nancial year in shares of the Company and its related corporations during the nancial year are as follows:

--------- Number of ordinary shares of RM1 each --------- Balance Balance at at 1.10.2014 Bought Sold 30.9.2015The Company Direct Interest:

Tan Sri Dato’ Sri Tang Yeam Soon 3,028,300 - - 3,028,300Dato’ Dr. Hj. Kardin bin Hj. Shukor 1 1 ,000 - - 1 1,000Puan Sri Datin Sri Khor Guik Lee 1,366,200 - - 1,366,200Chang Yen Huei 1 , 10 0 - - 1,1 00

Deemed Interest:

Tan Sri Dato’ Sri Tang Yeam Soon 16,269,030 - - 1 6,269,030Puan Sri Datin Sri Khor Guik Lee 17,931, 1 30 - - 17,931, 1 30Chang Yen Huei 2,640,000 - - 2,640,000

By virtue of their shareholding in the Company, both Tan Sri Dato’ Sri Tang Yeam Soon and Puan Sri Datin Sri Khor Guik Lee are also deemed interested in the shares of all the subsidiaries of the Company, to the extent that the Company has interests.

Save as disclosed above, none of the other directors holding of ce at 30 September 2015 had any interests in the Company and its related corporations during the nancial year.

DIRECTORS’ BENEFITS

Since the end of the previous nancial year, no director of the Company has received or become entitled to receive any bene t (other than a bene t included in the aggregate amount of emoluments received or due and receivable by the directors shown in the nancial statements) by reason of a contract made by the Company or a related corporation with a director or with a rm of which the director is a member, or with a company in which the director has a substantial nancial interest, other than those related party transactions disclosed in the notes to the nancial statements.

During and at the end of the nancial year, no arrangements subsisted to which the Company is a party, with the objects of enabling directors of the Company to acquire bene ts by means of the acquisition of shares in or debentures of the Company or any other body corporate.


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OTHER STATUTORY INFORMATION

Before the nancial statements 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 satis ed themselves that all known bad debts had been written off and that adequate provision had been made for doubtful debts, and

(ii) 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 to realise.

At the date of this report, the directors are not aware of any circumstances:

(i) that would render the amount written off for bad debts, or the amount of the provision for doubtful debts in the Group and in the Company inadequate to any substantial extent, and

(ii) that would render the value attributed to the current assets in the nancial statements of the Group and of the Company misleading, and

(iii) that would render any amount stated in the nancial statements of the Group and of the Company misleading, and

(iv) which have arisen which render adherence to the existing methods of valuation of assets or liabilities of the Group and of the Company misleading or inappropriate.

At the date of this report, there does not exist:

(i) any charge on the assets of the Group and of the Company that has arisen since the end of the nancial year which secures the liabilities of any other persons, and

(ii) any contingent liability in respect of the Group and of the Company that has arisen since the end of the nancial year.

No contingent liability or other liability of the Group and of the Company has become enforceable, or is likely to become enforceable, within the period of twelve months after the end of the nancial year which, in the opinion of the directors, will or may substantially affect the ability of the Group and of the Company to meet their obligations as and when they fall due.

AUDITORS

The auditors, Grant Thornton, have expressed their willingness to continue in of ce.

Signed in accordance with a resolution of the directors:

........................................................................... ..........................................….................Tan Sri Dato’ Sri Tang Yeam Soon Chang Yen Huei

Petaling Jaya,

Date: 21 January 2016



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In the opinion of the directors, the nancial statements set out on pages 57 to 101 are properly drawn up in accordance with Malaysian Financial Reporting Standards, International Financial Reporting Standards and the requirements of the Companies Act, 1965 in Malaysia so as to give a true and fair view of the nancial position of the Group and of the Company as at 30 September 2015 and of their nancial performance and cash ows for the nancial year then ended.

In the opinion of the directors, the supplementary information set out on page 102 has been compiled in accordance with the Guidance on Special Matter No. 1, Determination of Realised and Unrealised Pro ts or Losses in the Context of Disclosures Pursuant to Bursa Malaysia Securities Berhad Listing Requirements, issued by the Malaysian Institute of Accountants, and presented based on the format prescribed by Bursa Malaysia Securities Berhad.

Signed in accordance with a resolution of the directors:

........................................................................... ..........................................….................Tan Sri Dato’ Sri Tang Yeam Soon Chang Yen Huei

Date: 21 January 2016

Statutory Declaration

I, Chang Yen Huei, the director primarily responsible for the nancial management of The Store Corporation Berhad do solemnly and sincerely declare that the nancial statements set out on pages 57 to 101 and the supplementary information set out on page 102 are to the best of my knowledge and belief, 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 at Petaling Jaya, this 21st )day of January 2016. )

..........................................…................. Chang Yen Huei

Before me,

..........................................….................Commissioner for Oaths

Directors’ Statement


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Independent Auditors’ Report To The Members

Report on the Financial Statements

We have audited the nancial statements of The Store Corporation Berhad, which comprise the statements of nancial position as at 30 September 2015 of the Group and of the Company, and their statements of comprehensive income, statements of changes in equity and statements of cash ows for the nancial year then ended, and a summary of signi cant accounting policies and other explanatory information, as set out on pages 51 to 101.

Directors’ Responsibility for the Financial Statements

The directors of the Company are responsible for the preparation of these nancial statements so as to give a true and fair view in accordance with Malaysian Financial Reporting Standards, International Financial Reporting Standards and the requirements of the Companies Act, 1965 in Malaysia. The directors are also responsible for such internal control as the directors determine is necessary to enable the preparation of nancial statements that are free from material misstatement, whether due to fraud or error.

Auditors’ Responsibility

Our responsibility is to express an opinion on these nancial statements based on our audit. We conducted our audit in accordance with approved standards on auditing in Malaysia. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the nancial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the nancial statements. The procedures selected depend on our judgement, including the assessment of risks of material misstatement of the nancial statements, whether due to fraud or error. In making those risk assessments, we consider internal control relevant to the entity’s preparation of the nancial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the directors, as well as evaluating the overall presentation of the nancial statements.

We believe that the audit evidence we have obtained is suf cient and appropriate to provide a basis for our audit opinion.

Opinion

In our opinion, the nancial statements give a true and fair view of the nancial position of the Group and of the Company as at 30 September 2015 and of their nancial performance and cash ows for the nancial year then ended in accordance with Malaysian Financial Reporting Standards, International Financial Reporting Standards and the requirements of the Companies Act, 1965 in Malaysia.

Report on Other Legal and Regulatory Requirements

In accordance with the requirements of the Companies Act, 1965 in Malaysia, we also report the following:

(a) In our opinion, the accounting and other records and the registers required by the Act to be kept by the Company and its malaysian subsidiaries of which we have acted as auditors have been properly kept in accordance with the provisions of the Act,

(b) We have considered the accounts and the auditors’ reports of all the subsidiaries of which we have not acted as auditors, which are indicated in Note 6 to the nancial statements,

(c) We are satis ed that the accounts of the subsidiaries that have been consolidated with the Company’s nancial statements are in form and content appropriate and proper for the purposes of the preparation of the nancial statements of the Group and we have received satisfactory information and explanations required by us for those purposes, and

(d) The auditors’ reports on the accounts of the subsidiaries did not contain any quali cation or any adverse comment made under Section 174(3) of the Act.


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Other Reporting Responsibilities

The supplementary information set out on page 102 is to meet the requirement of Bursa Malaysia Securities Berhad and is not part of the nancial statements. The directors are responsible for the preparation of the supplementary information in accordance with Guidance on Special Matter No. 1, Determination of Realised and Unrealised Pro ts or Losses in the Context of Disclosure Pursuant to Bursa Malaysia Securities Berhad Listing Requirements, as issued by the Malaysian Institute of Accountants (“MIA Guidance”) and the directive of Bursa Malaysia Securities Berhad. In our opinion, the supplementary information is prepared, in all material respects, in accordance with the MIA Guidance and the directive of Bursa Malaysia Securities Berhad.

Other Matters

This report is made solely to the members of the Company, as a body, in accordance with Section 174 of the Companies Act, 1965 in Malaysia and for no other purpose. We do not assume responsibility to any other person for the content of this report.

Grant Thornton Hooi Kok MunNo. AF : 0042 No. 2207/01/18 (J) Chartered Accountants Chartered Accountant Date: 21 January 2016

Penang


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Statements Of Financial Positionas at 30 September 2015

GROUP COMPANY

2015 2014 2015 2014

NOTE RM’000 RM’000 RM’000 RM’000

ASSETS

Non-current assets

Property, plant and equipment 4 453,343 479,666 30, 5 3 1 3 1 , 5 1 8

Investment properties 5 6 1 , 1 9 8 61,764 - -

Investment in subsidiaries 6 - - 358,623 358,623

Other investments 7 20 19 - -

Intangible assets 8 8 ,319 8,319 - -

Deferred tax assets 9 742 893 - -

523,622 550,661 389, 1 54 390, 14 1

Current assets

Inventories 250,612 247,669 - -

Trade and other receivables 10 59,208 55,363 37 9

Amount due from subsidiaries 11 - - 177,033 203,094

Current tax assets 10 ,770 8 ,57 1 10 , 1 5 2 10,357

Deposits with licensed banks 12 141,379 146,595 - -

Cash and bank balances 13 19,248 37,339 732 1,503

481,2 1 7 495,537 187,954 214,963

TOTAL ASSETS 1,004,839 1 , 046, 198 577,108 605,104

EQUITY AND LIABILITIES

Share capital 14 68,504 68,504 68,504 68,504

Share premium 1 ,01 8 1 ,018 1 ,018 1 ,01 8

Fair value adjustment reserve 12 11 - -

Foreign translation reserve 15 26 (143) - -

Retained pro ts 16 406,453 396,320 224,227 224, 1 8 4

Equity attributable to owners of the Company

476,01 3 465,7 1 0 293,749 293,706

Non-controlling interests 81 88 - -

Total Equity 476,094 465,798 293,749 293,706

The notes set out on pages 64 to 101 form an integral part of these nancial statements.


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Statements Of Financial Position (cont’d)as at 30 September 2015

GROUP COMPANY

2015 2014 2015 2014

NOTE RM’000 RM’000 RM’000 RM’000

Non-current liabilities

Deferred revenue 17 1,495 1,892 - -

Borrowings 18 86,821 114,938 81,855 109,796

Deferred tax liabilities 9 30,656 31,892 162 166

118,972 148,722 82,017 109,962

Current liabilities

Trade and other payables 19 379,109 399,869 945 1,039

Amount due to subsidiaries 11 - - 172,456 172,456

Deferred revenue 17 1,596 1 ,828 - -

Borrowings 18 28 , 1 1 2 28 , 103 27,941 27,941

Current tax liabilities 956 1 ,878 - -

409,773 431,678 201,342 201 ,436

Total Liabilities 528,745 580,400 283,359 3 1 1 ,398

TOTAL EQUITY AND LIABILITIES 1,004,839 1,046, 1 9 8 577,108 605,104



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Statements Of Comprehensive IncomeFor The Financial Year Ended 30 September 2015

GROUP COMPANY

2015 2014 2015 2014

NOTE RM’000 RM’000 RM’000 RM’000

Revenue 20 1,635,327 1,767,699 10,203 42,840

Cost of sales 21 (1,290,005) (1,398,234) - -

Gross pro t 345,322 369,465 10,203 42,840

Other income 51 ,406 49,582 5,564 20,874

Marketing and selling expenses (228,078) (226,967) - -

Administrative and general expenses (135,959) (143,584) (5,271) (13,879)

Pro t from operations 32,691 48,496 10,496 49,835

Finance costs (7,837) (10,426) (7,568) (8,671)

Pro t before tax 22 24,854 38,070 2,928 41,164

Tax expense 23 (12,159) (1 7,689) (316) (9,867)

Pro t for the year 12,695 20,381 2,612 31,297

Other comprehensive income/(loss), net of taxItems that will be reclassi ed subsequently

to pro t or loss Fair value adjustment on available-for- sale nancial assets Foreign currency translation differences on foreign operations

1

169

(1 )

(100)

-

-

-

-

Total other comprehensive income/(loss) for the year

170 (101) - -

Total comprehensive income for the year 12,865 20,280 2,612 31,297

Pro t attributable to: Owners of the Company Non-controlling interests

12,702 (7)

20,387 (6)

2,612

- 31,297

-

12,695 20,38 1 2,612 31,297

Total comprehensive income attributable to: Owners of the Company Non-controlling interests

12,872 (7)

20,286 (6)

2,612 -

31,297 -

12,865 20,280 2,612 31,297

Basic/Diluted earnings per share attributable to owners of the Company (sen) 24 18.54 29.76



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Consolidated Statement Of Changes In EquityFor The Financial Year Ended 30 September 2015

|---------------------Attributable to Owners of the Company---------------------|

|-----------Non-distributable-----------| Distributable

NOTE

ShareCapitalRM’000

SharePremiumRM’000

Fair ValueAdjustment

ReserveRM’000

ForeignTranslation

ReserveRM’000

RetainedPro ts

RM’000Total

RM’000

Non-Controlling

InterestsRM’000

TotalEquity

RM’000

2015

Balance at beginning 68,504 1,018 11 (143) 396,320 465,710 88 465,798

Fair value of available- for-sale nancial assets -

- 1 - - 1 - 1

Foreign exchange differences on translation - - - 169 - 169 - 169

Total other comprehensive income for the year - - 1 169 - 170 - 170

Pro t for the year - - - - 12,702 12,702 (7) 12,695

Total comprehensive income for the year - - 1 169

12,702 12,872 (7) 12,865

Transaction with owners:Dividend 25 - - - - (2,569) (2,569) - (2,569)

Balance at end 68,504 1,018 12 26 406,453 476,013 81 476,094

2014

Balance at beginning 68,504 1,018 12 (43) 378,502 447,993 94 448,087

Fair value of available- for-sale nancial assets - - (1) - - (1) - (1)

Foreign exchange differences on translation - - - (100) - (100) - (100)

Total other comprehensive loss for the year - - (1) (100) - (101) - (101)

Pro t for the year - - - - 20,387 20,387 (6) 20,381

Total comprehensive income for the year - - (1) (100) 20,387 20,286 (6) 20,280

Transaction with owners:Dividend 25 - - - - (2,569) (2,569) - (2,569)

Balance at end

68,504 1,018 11 (143) 396,320 465,710 88 465,798



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Statement Of Changes In EquityFor The Financial Year Ended 30 September 2015

Non-Distributable Distributable

ShareCapital

SharePremium

RetainedPro ts

TotalEquity

NOTE RM’000 RM’000 RM’000 RM’000

2015

Balance at beginning 68,504 1,018 224,1 8 4 293,706

Net pro t, representing total comprehensive income for the year - - 2 , 6 1 2 2,612

Transaction with owners:Dividend 25 - - (2,569) (2,569)

Balance at end 68,504 1,018 224,227 293,749

2014

Balance at beginning 68,504 1,018 195,456 264,978

Net pro t, representing total comprehensive income for the year - - 3 1 ,297 3 1 ,297

Transaction with owners:Dividend 25 - - (2,569) (2,569)

Balance at end 68,504 1,018 224,1 8 4 293,706



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Statements Of Cash FlowsFor The Financial Year Ended 30 September 2015

GROUP COMPANY

2015RM’000

2014RM’000

2015RM’000

2014RM’000

CASH FLOWS FROM OPERATING ACTIVITIES

Pro t before tax 24,854 38,070 2,928 41 ,164

Adjustments for:

Bad debts 1 - - 4,929

Debts waived by a subsidiary - - - (6,836)

Depreciation 33,447 37,613 1,285 1,259

Dividend income (4) (5) (7,200) (40,000)

Gain on deconsolidation of a subsidiary - (1,055) - -

Gain on disposal of investment properties - - - (4,400)

Gain on disposal of property, plant and equipment - (123) - -

Gain on disposal of investment in a subsidiary (14) (7) - (5)

Impairment loss on receivables 87 1 ,660 - -

Impairment loss on investment in subsidiaries - - - 3,366

Interest expense 7,837 10,426 7,568 8,671

Interest income (4,421) (3,934) (5,564) (9,633)

Inventories written off - 2,000 - -

Property, plant and equipment written off 34 933 - 3

Reversal on impairment loss on receivables (2) - - -

Waiver of debts (2,167) - - -

Operating pro t/ (loss) before working capital changes 59,652 85,578 (983) (1,482)

Changes in inventories (2,943) (7,968) - -

Changes in receivables (3,807) (2,836) (28) 2

Changes in payables (18,804) 8,606 (94) 3

Changes in deferred revenue (629) (476) - -

Cash from/(used in) operating activities 33,469 82,904 (1, 105) (1 ,477)

Interest received 4,421 3,934 5,564 9,633

Interest paid (7,837) (10,426) (7,568) (8,671 )

Income tax paid (16,537) (17 ,441) (300) -

Income tax refund 172 1 ,507 139 816

Net cash from/ (used in) operating activities 13,688 60,478 (3,270) 301

CASH FLOWS FROM INVESTING ACTIVITIES

Cash ows from disposal of a subsidiary (Note 34) - 764 - -

Dividends received 4 5 7,200 30,000

Proceeds from disposal of investment in a subsidiary - - - 4,500

Proceeds from disposal of investment properties - 5,699 - -

Proceeds from disposal of property, plant and equipment 25 40 - 5

Purchase of property, plant and equipment (6,347) (38,240) (298) (146)

Repayment from/(Advance to) subsidiaries - - 26,107 (15,094)

Withdrawal of xed deposits - 1 ,4 1 1 - -

Net cash (used in)/from investing activities (6,318) (30,321) 33,009 19,265

Balance carried forward 7,370 30,157 29,739 19,566



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Statements Of Cash FlowsFor The Financial Year Ended 30 September 2015

GROUP COMPANY

2015RM’000

2014RM’000

2015RM’000

2014RM’000

Balance brought forward 7,370 30,157 29,739 19,566

CASH FLOWS FROM FINANCING ACTIVITIES

Advances from subsidiaries - - - 704

Dividend paid (2,569) (2,569) (2,569) (2,569)

Repayment of bank term loans (28,108) (30,230) (27,941) (27,940)

Net cash used in nancing activities (30,677) (32,799) (30,510) (29,805)

NET DECREASE IN CASH AND CASH EQUIVALENTS

(23,307) (2,642) (771) (10,239)

Effects of changes in exchange rates on cash and cash equivalents

- (5) - -

CASH AND CASH EQUIVALENTS AT BEGINNING 183,934 186,581 1,503 1 1 ,742

CASH AND CASH EQUIVALENTS AT END 160,627 183,934 732 1 ,503

Represented by:

Deposits with licensed banks 141 ,379 146,595 - -

Cash and bank balances 19,248 37,339 732 1 ,503

160,627 183,934 732 1 ,503



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Notes To The Financial StatementsFor The Financial Year Ended 30 September 2015

1. CORPORATE INFORMATION

General

The Company is a public limited liability company, incorporated and domiciled in Malaysia, and listed on the Main Market of Bursa Malaysia Securities Berhad.

The registered of ce of the Company is located at Plaza 138, Suite 18.03, 18th Floor, 138 Jalan Ampang, 50450 Kuala Lumpur.

The principal place of business of the Company is located at Lot 328, Jalan 51A/223, Sek. 51A, 46100 Petaling Jaya, Selangor Darul Ehsan.

The nancial statements were authorised for issue by the Board of Directors in accordance with a resolution of the directors on 21 January 2016.

Principal Activities

The principal activities of the Company are investment holding and the provision of management services.

The principal activities of the subsidiaries are indicated in Note 6 to the nancial statements.

There have been no signi cant changes in the nature of these activities during the nancial year.

2. BASIS OF PREPARATION

2.1 Statement of Compliance

The nancial statements of the Group and of the Company have been prepared in accordance with applicable Malaysian Financial Reporting Standards (“MFRS”), International Financial Reporting Standards (“IFRS”) and the requirements of the Companies Act, 1965 in Malaysia.

2.2 Basis of Measurement

The nancial statements of the Group and of the Company are prepared under the historical cost convention unless otherwise indicated in the summary of accounting policies under Note 3.

Historical cost is generally based on the fair value of the consideration given in exchange for goods and services.

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either in the principal market for the asset or liability, or in the absence of a principal market, in the most advantageous market for the asset or liability. The principal or the most advantageous market must be accessible to by the Group.

The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their best economic interest.

A fair value measurement of a non- nancial asset takes into account a market participant’s ability to generate economic bene ts by using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best use.

The Group uses valuation techniques that are appropriate in the circumstances and for which suf cient data are available to measure fair value, maximising the use of relevant observable inputs and minimising the use of unobservable inputs.

All assets and liabilities for which fair value is measured or disclosed in the nancial statements are categorised within the fair value hierarchy, described as follows, based on the lowest level input that is signi cant to their fair value measurement as a whole:

- Level 1 - Quoted (unadjusted) market prices in active markets for identical assets or liabilities.

- Level 2 - Valuation techniques for which the lowest level input that is signi cant to their fair value measurement is directly or indirectly observable.

- Level 3 - Valuation techniques for which the lowest level input that is signi cant to their fair value measurement is unobservable.


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2.3 Functional and Presentation Currency

The nancial statements are presented in Ringgit Malaysia (“RM”) which is also the Company’s functional currency. Unless otherwise indicated, the amounts in these nancial statements have been rounded to the nearest thousand.

2.4 Adoption of Amendments/Improvements to MFRS and IC Interpretations (“IC Int”)

The accounting policies adopted by the Group and by the Company are consistent with those of the previous nancial years except for the adoption of the following standards that are mandatory for the current nancial

year:

Effective for annual periods beginning on or after 1 January 2014

Amendments to MFRS 10, 12 and 127 Investment EntitiesAmendments to MFRS 132 Offsetting Financial Assets and Financial LiabilitiesAmendments to MFRS 136 Recoverable Amount Disclosures for Non-Financial AssetsAmendments to MFRS 139 Novation of Derivatives and Continuation of Hedge AccountingIC Int 21 Levies

Effective for annual periods beginning on or after 1 July 2014

Amendments to MFRS 119 De ned Bene t Plans: Employee Contributions Annual improvements to MFRS 2010-2012 Cycle Annual improvements to MFRS 2011-2013 Cycle

Initial application of the above standards did not have any material impact to the nancial statements of the Group and of the Company.

2.5 Standards Issued But Not Yet Effective

The Group and the Company have not applied the following standards that have been issued by the Malaysian Accounting Standards Board (“MASB”) but are not yet effective for the Group and for the Company:


MFRS 14 Regulatory Deferral AccountsAmendments to MFRS 10, MFRS 12 and MFRS 128 Investment Entities: Applying the Consolidation ExceptionAmendments to MFRS 11 Accounting for Acquisitions of Interests in Joint OperationsAmendments to MFRS 101 Disclosure InitiativeAmendments to MFRS 116 and MFRS 138 Clari cation of Acceptable Methods of Depreciation and AmortisationAmendments to MFRS 116 and MFRS 141 Agriculture: Bearer Plants Amendments to MFRS 127 Equity Method in Separate Financial StatementsAnnual Improvements to MFRS 2012-2014 Cycle


MFRS 9 Financial Instruments (IFRS 9 issued by IASB in July 2014) MFRS 15 Revenue from Contracts with CustomersAmendments to MFRS 7 Mandatory Date of MFRS 9 and Transition Disclosures

The initial application of the above standards is not expected to have any nancial impacts to the nancial statements upon adoption, except as mentioned below:

MFRS 15 Revenue from Contracts with Customers

MFRS 15 replaces the guidance in MFRS 111 Construction Contracts, MFRS 118 Revenue, IC Int 13 Customer Loyalty Programmes, IC Int 15 Agreements for Construction of Real Estate, IC Int 18 Transfers of Assets from Customers and IC Int 131 Revenue – Barter Transactions Involving Advertising Services. Upon adoption of MFRS 15, it is expected that the timing of revenue recognition might be different as compared with the current practices.

The adoption of MFRS 15 will result in a change in accounting policy. The Group and the Company is currently assessing the nancial impact of adopting MFRS 15.

2.6 Signi cant Accounting Estimates and Judgements

The preparation of nancial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in any future periods affected.



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2.6.1 Critical Judgements

Critical judgement made by management in the process of applying accounting policies that have a signi cant effect on the amount recognised in the nancial statements is in respect of classi cation between investment properties and owner-occupied properties.

The Group determines whether a property quali es as an investment property, and has developed criteria in making that judgement. Investment property is a property held to earn rentals or for capital appreciation or both. Therefore, the Group considers whether a property generates cash ows largely independently of the other assets held by the Group.

Some properties comprise a portion that is held to earn rentals or for capital appreciation and another portion that is held for use in the production or supply of goods or services or for administrative purposes. The Group accounts for the portions separately if the portions could be sold separately (or leased out separately under a nance lease). If the portions could not be sold separately, the property is an investment property only if an insigni cant portion is held for use in the production or supply of goods or services or for administrative purposes.

Judgement is made on an individual property basis to determine whether ancillary services are so signi cant that a property does not qualify as an investment property.

2.6.2 Key sources of estimation uncertainty

The key assumptions concerning the future and other key sources of estimation uncertainty at the end of the reporting period that have a signi cant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next nancial year are discussed below:

(i) Useful lives of depreciable assets

Plant and equipment are depreciated on a straight line basis over their estimated useful lives. Management estimates the useful lives of the plant and equipment to be 5 to 20 years. Changes in the expected level of usage and technological developments could impact the economic useful lives and residual values of the plant and equipment. Therefore, future depreciation charges could be revised.

(ii) Impairment of plant and equipment

The Group performs an impairment review as and when there are impairment indicators to ensure that the carrying value of the plant and equipment does not exceed its recoverable amount. The recoverable amount represents the present value of the estimated future cash ows expected to arise from operations. Therefore, in arriving at the recoverable amount, management exercises judgement in estimating the future cash ows, growth rate and discount rate.

(iii) Impairment of goodwill

The Group determines whether goodwill is impaired at least once a year or more frequently if events or changes in circumstances indicate that the goodwill may be impaired. This requires an estimation of the value in use of the cash-generating units to which the goodwill is allocated.

Estimating value in use requires management to make an estimate of the expected future cash ows from the cash-generating unit and also to choose a suitable discount rate in order to calculate the present value of those cash ows.

(iv) Impairment of investment in subsidiaries

Investment in subsidiaries is assessed at the end of each reporting period to determine whether there is any indication of impairment. If such an indication exists, an estimation of the investment’s recoverable amount is required.

Estimating the recoverable amount requires management to make an estimate of the expected future cash ows from the subsidiaries and also choose a suitable discount rate in order to calculate the present value of those cash ows.

(v) Inventories

The management reviews for slow-moving and obsolete inventories. This review requires judgements and estimates. Possible changes in these estimates could result in revision to the valuation of inventories.


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(vi) Impairment of loans and receivables

The Group assesses at the end of each reporting period whether there is any objective evidence that a nancial asset is impaired. To determine whether there is objective evidence of impairment, the Group considers factors such as the probability of insolvency or signi cant nancial dif culties of the debtor and default or signi cant delay in payments.

Where there is objective evidence of impairment, the amount and timing of future cash ows are estimated based on historical loss experience of assets with similar credit risk characteristics.

(vii) Deferred revenue

The Group allocates the consideration received from the sales of goods to the goods sold and the points issued under its loyalty programme. The consideration allocated to the points issued is measured at their fair value.

The carrying amount of deferred revenue allocated to the award credits at the end of the reporting period was RM3,090,573 (2014: RM3,719,442).

3. SIGNIFICANT ACCOUNTING POLICIES

The following accounting policies adopted by the Group and by the Company are consistent with those adopted in the previous nancial years unless otherwise indicated below:

3.1 Basis of Consolidation

(i) Subsidiaries Subsidiaries are those companies in which the Group has a long term equity interest and where it

has power to exercise control over their nancial and operating activities so as to obtain bene ts therefrom.

The Group controls an entity when it is exposed, or has rights, to variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Potential voting rights are considered when assessing control only when such rights are substantive. The Group also considers it has de facto power over an investee when, despite not having the majority of voting rights, it has the current ability to direct the activities of the investee that signi cantly affect the investee’s return.

Investment in subsidiaries is measured in the Company’s statement of nancial position at cost less any impairment losses, unless the investment is classi ed as held for sale or distribution. The cost of investments includes transaction costs.

Upon disposal of investment in a subsidiary, the difference between the net disposal proceeds and its carrying amount is recognised in pro t or loss.

(ii) Business combination Business combinations are accounted for using the acquisition method from the acquisition date,

which is the date on which control is transferred to the Group.

For new acquisitions, the Group measures the cost of goodwill at the acquisition date as:

• the fair value of the consideration transferred, plus

• the recognised amount of any non-controlling interest in the acquiree, plus • if the business combination is achieved in stages, the fair value of the existing equity interest in

the acquiree, less

• the net recognised amount at fair value of the identi able assets acquired and liabilities assumed.

When the excess is negative, a bargain purchase gain is recognised in pro t or loss.

For each business combination, the Group elects whether to recognise non-controlling interest in the acquiree either at fair value, or at the proportionate share of the acquiree’s identi able net assets at the acquisition date.

Transaction costs, other than those associated with the issue of debt or equity securities, that the Group incurs in connection with a business combination are expensed as incurred.

(iii) Acquisitions of non-controlling interests The Group treats all changes in its ownership interest in a subsidiary that do not result in a loss

of control as equity transactions between the Group and its non-controlling interest holders. Any difference between the Group’s share of net assets before and after the change, and any consideration received or paid, is adjusted to or against Group reserve.



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(iv) Loss of control Upon the loss of control of a subsidiary, the Group derecognises the assets and liabilities of the

subsidiary, any non-controlling interests and the other components of equity related to the former subsidiary from the consolidated statement of nancial position. Any surplus or de cit arising on the loss of control is recognised in pro t or loss. If the Group retains any interest in the previous subsidiary, then such interest is measured at fair value at the date that control is lost. Subsequently it is accounted for as an equity accounted investee or as an available-for sale nancial asset depending on the level of in uence retained.

(v) Non-controlling interests Non-controlling interests at the end of the reporting period, being the equity in a subsidiary not

attributable directly or indirectly to the equity holders of the Company, are presented in the consolidated statement of nancial position and statement of changes in equity within equity, separately from equity attributable to the owners of the Company. Non-controlling interests in the results of the Group is presented in the consolidated statement of comprehensive income as an allocation of the pro t or loss and the comprehensive income for the year between non-controlling interests and owners of the Company.

Losses applicable to the non-controlling interests in a subsidiary are allocated to the non-controlling interests even if doing so causes the non-controlling interests to have a de cit balance.

(vi) Transactions eliminated on consolidation Intra-group balances and transactions, and any unrealised income and expenses arising from intra

group transactions, are eliminated in preparing the consolidated nancial statements.

3.2 Goodwill

Goodwill acquired in a business combination is initially measured at cost being the excess of the cost of business combination over the Group’s interest in the net fair value of the identi able assets, liabilities and contingent liabilities. Following the initial recognition, goodwill is measured at cost less accumulated impairment losses. Goodwill is not amortised but instead, it is reviewed for impairment, annually or more frequently if events or changes in circumstances indicate that the carrying value may be impaired. Gains and losses on the disposal of an entity include the carrying amount of goodwill relating to the entity sold.

3.3 Property, Plant and Equipment

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses.

Property, plant and equipment are depreciated on the straight line method to write off the cost of each asset to its residual value over its estimated useful life at the following annual rates:

Leasehold land Amortised over its lease period of 50 - 999 years Buildings 2% - 10% Machinery and equipment 8% - 10% Furniture, xtures and ttings 5% - 20% Motor vehicles 20% Renovation 5% - 20%

Freehold land is not amortised as it has an in nite life.

Depreciation on capital work in progress commences when the assets are ready for their intended use.

The residual value, useful life and depreciation method are reviewed at the end of each reporting period to ensure that the amount, method and period of depreciation are consistent with previous estimates and the expected pattern of consumption of the future economic bene ts embodied in the items of property, plant and equipment.

Upon the disposal of an item of property, plant and equipment, the difference between the net disposal proceeds and its carrying amount is recognised in pro t or loss.

3.4 Investment Properties

Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Such properties are measured initially at cost, including transaction costs. Subsequent to initial recognition, investment properties are stated at cost less accumulated depreciation and accumulated impairment losses.


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Freehold land is not amortised as it has an in nite life. Buildings are depreciated on the straight line method to write off the cost to their residual value over their estimated useful lives at 2% per annum while leasehold properties are amortised over its lease period of 68 to 919 years.

Investment properties are derecognised when either they have been disposed of or when they are permanently withdrawn from use and no future economic bene t is expected from the disposal. Any gains or losses on the retirement or disposal of an investment property are recognised in pro t or loss in the year in which they arise.

3.5 Leases

The determination of whether an arrangement is, or contains, a lease is based on the substance of the arrangement at the inception date, whether ful lment of the arrangement is dependent on the use of a speci c asset or asset or the arrangement conveys a right to use the asset, even if that right is not explicitly speci c in an arrangement.

Finance lease

A nance lease which includes hire purchase arrangement, is a lease that transfers substantially all the risks and rewards incidental to ownership of an asset to the lessee. Title may or may not eventually be transferred.

Minimum lease payments made under nance leases are apportioned between nance charges and reduction of the lease liability so as to achieve a constant rate of interest on the remaining balance of the liability. Finance charges are recognised in nance costs in the pro t or loss. Contingent lease payments are accounted for by revising the minimum lease payments over the remaining term of the lease when the lease adjustment is con rmed.

A leased asset is depreciated over the useful life of the asset. However, if there is no reasonable certainty that the Company will obtain ownership by the end of the lease term, the asset is depreciated over the shorter of the estimated useful life of the asset and the lease term.

Leasehold land which in substance is a nance lease is classi ed as property, plant and equipment.

Operating Leases

Leases, where the Group does not assume substantially all the risks and rewards of ownership are classi ed as operating leases and, except for property interest held under operating lease, the leased assets are not recognised on the statement of nancial position. Property interest held under an operating lease, which is held to earn rental income or for capital appreciation or both, is classi ed as investment property.

Payments made under operating leases are recognised in pro t or loss on a straight-line basis over the term of the lease. Lease incentives received are recognised in pro t or loss as an integral part of the total lease expense, over the term of the lease. Contingent rentals are charged to pro t or loss in the reporting period in which they are incurred.

Leasehold land which in substance is an operating lease is classi ed as prepaid land lease payments.

3.6 Impairment of Non-Financial Assets

The carrying amounts of non- nancial assets (except for inventories, deferred tax assets and non-current assets (or disposal groups) classi ed as held for sale) are reviewed at the end of each reporting period to determine whether there is any indication of impairment. If any such indication exists, then the asset’s recoverable amount is estimated. For goodwill, the recoverable amount is estimated each period at the same time.

For the purpose of impairment testing, assets are grouped together into the smallest group of assets that generates cash in ows from continuing use that are largely independent of the cash in ows of other assets or cash-generating units (“CGU”). Subject to an operating segment ceiling test, for the purpose of goodwill impairment testing, CGU to which goodwill has been allocated are aggregated so that the level at which impairment testing is performed re ects the lowest level at which goodwill is monitored for internal reporting purposes. The goodwill acquired in a business combination, for the purpose of impairment testing, is allocated to group of CGU that are expected to bene t from the synergies of the combination.

The recoverable amount of an asset of CGU is the greater of its value in use and its fair value less costs of disposal. In assessing value in use, the estimated future cash ows are discounted to their present value using a pre-tax discount rate that re ects current market assessments of the time value of money and the risks speci c to the asset or CGU.

An impairment loss is recognised in pro t or loss if the carrying amount of an asset or its related CGU exceeds its estimated recoverable amount.

Impairment loss recognised in respect of CGUs are allocated rst to reduce the carrying amount of any goodwill allocated to the CGU (group of CGUs) and then to reduce the carrying amount of the other assets in the CGU (groups of CGUs) on a pro rata basis.



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An impairment loss in respect of goodwill is not reversed. In respect of other assets, impairment losses in prior periods are assessed at the end of each reporting period for any indications that the loss has decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount since the last impairment loss was recognised. An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortisation, if no impairment loss had been recognised. Reversals of impairment losses are credited to pro t or loss in the nancial year in which the reversals are recognised.

3.7 Financial Instruments

3.7.1 Initial recognition and measurement

A nancial asset or a nancial liability is recognised in the statement of nancial position when, and only when, the Group or the Company becomes a party to the contractual provisions of the instrument.

A nancial instrument is recognised initially, at its fair value plus, in the case of a nancial instrument not at fair value through pro t or loss, transactions costs that are directly attributable to the acquisition or issue of the nancial instrument.

3.7.2 Financial instrument categories and subsequent measurement

The Group and the Company categorise nancial instruments as follows:

Financial assets (a) Loans and receivables Loans and receivables category comprises debt instruments that are not quoted in an active market.

Financial assets categorised as loans and receivables are subsequently measured at amortised cost using the effective interest method.

Loans and receivables are classi ed as current assets, except for those having maturity dates later

than 12 months after the end of the reporting period which are classi ed as non-current.

(b) Available-for-sale nancial assets Available-for-sale category comprises investment in equity and debt securities instruments that are

not held for trading. Investments in equity instruments that do not have a quoted market price in an active market and

whose fair value cannot be reliably measured are measured at cost. Other nancial assets categorised as available-for-sale are subsequently measured at their fair values with the gain or loss recognised in other comprehensive income, except for impairment losses, foreign exchange gains and losses arising from monetary items and gains and losses of hedged items attributable to hedge risks of fair value hedges which are recognised in pro t or loss. On derecognition, the cumulative gain or loss recognised in other comprehensive income is reclassi ed from equity into pro t or loss. Interest calculated for a debt instrument using the effective interest method is recognised in pro t or loss.

All nancial assets are subject to review for impairment.

Financial liabilities

All nancial liabilities are subsequently measured at amortised cost.

Financial liabilities are classi ed as current liabilities, except for those having maturity dates later than 12 months after the end of the reporting period which are classi ed as non-current.

3.7.3 Financial guarantee contracts

A nancial guarantee contract is a contract that requires the issuer to make speci ed payments to reimburse the holder for a loss it incurs because a speci ed debtor fails to make payment when due in accordance with the terms of a debt instrument.

Financial guarantee contracts are recognised initially as a liability at fair value, net of transaction costs. Subsequent to initial recognition, nancial guarantee contracts are recognised as income in statement of comprehensive income over the period of the guarantee. If the debtor fails to make payment relating to nancial guarantee contract when it is due and the Group, as the issuer, is required to reimburse the holder

for the associated loss, the liability is measured at the higher of the best estimate of the expenditure required to settle the present obligation at the reporting date and the amount initially recognised less cumulative amortisation.


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3.7.4 Offsetting of nancial instruments

Financial assets and nancial liabilities are offset and the net amount is reported in the statement of nancial position if, and only if, there is currently a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis, or to realise the assets and settle the liabilities simultaneously.

3.7.5 Derecognition

A nancial asset or part of it is derecognised, when and only when the contractual rights to the cash ows from the nancial asset expire or the nancial asset is transferred to another party without retaining control or substantially all risks and rewards of the asset. On derecognition of a nancial asset, the difference between the carrying amount and the sum of the consideration received (including any new asset obtained less any new liability assumed) and any cumulative gain or loss that had been recognised in equity is recognised in the pro t or loss.

A nancial liability or a part of it is derecognised when, and only when, the obligation speci ed in the contract is discharged or cancelled or expired. On derecognition of a nancial liability, the difference between the carrying amount of the nancial liability extinguished or transferred to another party and the consideration paid, including any non-cash assets transferred or liabilities assumed, is recognised in pro t or loss.

3.8 Impairment of Financial Assets

All nancial assets (except for nancial assets categorised as fair value through pro t or loss and investment in subsidiaries) are assessed at the end of each reporting period whether there is any objective evidence of impairment as a result of one or more events having an impact on the estimated future cash ows of the asset. Losses expected as a result of future events, no matter how likely, are not recognised. For an investment in an equity instrument, a signi cant or prolonged decline in the fair value below its cost is an objective evidence of impairment.

An impairment loss in respect of loans and receivables is recognised in pro t or loss and is measured as the difference between the asset’s carrying amount and the present value of estimated future cash ows discounted at the asset’s original effective interest rate. The carrying amount of the asset is reduced through the use of an allowance account.

An impairment loss in respect of available-for-sale nancial assets is recognised in pro t or loss and is measured as the difference between the asset’s acquisition cost (net of any principal repayment and amortisation) and the asset’s current fair value, less any impairment loss previously recognised. Where a decline in the fair value of an available-for-sale nancial asset has been recognised in other comprehensive income, the cumulative loss in other comprehensive income is reclassi ed from equity to pro t or loss.

An impairment loss in respect of unquoted equity instrument that is carried at cost is recognised in pro t or loss and is measured as the difference between the nancial asset’s carrying amount and the present value of estimated future cash ows discounted at the current market rate of return for a similar nancial asset.

Impairment losses recognised in pro t or loss for an investment in an equity instrument classi ed as available-for-sale is not reversed through pro t or loss.

3.9 Cash and Cash Equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits and short term highly liquid investments that are readily convertible to known amount of cash and which are subject to an insigni cant risk of changes in value, against which bank overdraft balances, if any, are deducted.

3.10 Inventories

Inventories are stated at the lower of cost and net realisable value.

Cost represents the invoiced value of goods purchased, and is determined on the rst-in, rst-out basis.

Net realisable value represents the estimated selling price in the ordinary course of business less the estimated costs necessary to make the sale.

3.11 Non-current Assets Held for Sale

Non-current assets are classi ed as held for sale if their carrying amount will be recovered principally through a sale transaction rather than through continuing use. This condition is regarded as met only when the sale is highly probable and the asset is available for immediate sale in its present condition subject only to terms that are usual and customary.

Immediately before classi cation as held for sale, the measurement of the non-current assets is brought up-to-date in accordance with applicable MFRS. Then, on initial classi cation as held for sale, non-current assets are measured at the lower of carrying amount and fair value less costs to sell.



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3.12 Provisions

Provisions are recognised when the Group has a present obligation as a result of a past event and it is probable that an out ow of resources embodying economic bene ts will be required to settle the obligation, and a reliable estimate of the amount can be made. Provisions are reviewed at the end of each reporting period and adjusted to re ect 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.

3.13 Income Recognition

Revenue is recognised to the extent that it is probable that the economic bene ts will ow to the Group and to the Company and when the revenue can be reliably measured on the following bases:

(i) Sale of goods

Revenue from sale of goods is measured at the fair value of the consideration received or receivable, net of returns and discounts and is recognised when the signi cant risks and rewards of ownership have been transferred to the customers.

(ii) Rental income

Rental income is recognised on a time proportion basis over the lease term.

(iii) Dividend income

Dividend income is recognised when the Group’s or the Company’s right to receive payment is established.

(iv) Management fee

Management fee is recognised on an accrual basis when services are rendered.

(v) Interest income Interest income is recognised on a time proportion basis using the applicable effective interest rate.

(vi) Revenue on award credits

Revenue on award credits is recognised based on the number of award credits that have been redeemed in exchange for free or discounted goods, relative to the total number of award credits expected to be redeemed.

3.14 Employee Bene ts

Short term bene ts Wages, salaries, bonuses and social security contributions are recognised as an expense in the year in which the associated services are rendered by employees of the Group. Short term accumulating compensated absences such as paid annual leave are recognised when services are rendered by employees that increase their entitlement to future compensated absences, and short term non-accumulating compensated absences such as sick leave are recognised when the absences occur. De ned contribution plans

As required by law, companies in Malaysia make contributions to the national pension scheme, the Employees Provident Fund (“EPF”). Such contributions are recognised as an expense as incurred.

3.15 Borrowings Costs

Borrowing costs directly attributable to the acquisition, construction or production of a qualifying asset are capitalised during the period of time that is necessary to complete and prepare the asset for its intended use or sale. Capitalisation of borrowing costs commences when the activities to prepare the asset for its intended use or sale are in progress and the expenditures and borrowing costs are incurred. Borrowing costs are capitalised until the assets are substantially completed for their intended use or sale.

Other borrowing costs are recognised as expenses in the period in which they are incurred. Borrowing costs consist of interest and other costs that the Group incurred in connection with the borrowing of funds.


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3.16 Income Tax

Income tax expense comprises current and deferred tax. Current tax and deferred tax are recognised in pro t or loss except to the extent that it relates to a business combination or items recognised directly in equity or other comprehensive income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the nancial year, using tax rates enacted or substantively enacted by the end of the reporting period, and any adjustment to tax payable in respect of previous years.

Deferred tax is recognised using the liability method, providing for temporary differences between the carrying amounts of assets and liabilities in the statement of nancial position and their tax bases. Deferred tax is not recognised for the following temporary differences: the initial recognition of goodwill, the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable pro t or loss. Deferred tax is measured at the tax rates that are expected to be applied to the temporary differences when they reverse, based on the laws that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax liabilities and assets, and they relate to income taxes levied by the same tax authority on the same taxable entity, or on different tax entities, but they intend to settle current tax liabilities and assets on a net basis or their tax assets and liabilities will be realised simultaneously.

A deferred tax asset is recognised to the extent that it is probable that future taxable pro ts will be available against which the temporary difference can be utilised. Deferred tax assets are reviewed at the end of each reporting period and are reduced to the extent that it is no longer probable that the related tax bene t will be realised.

Unutilised reinvestment allowance and investment tax allowance, being tax incentives that is not a tax base of an asset, is recognised as a deferred tax asset to the extent that it is probable that future taxable pro ts will be available against which the unutilised tax incentive can be utilised.

3.17 Goods and Services Tax

Goods and Services Tax (“GST”) is a consumption tax based on the value-added concept. GST is imposed on goods and services at every production and distribution stage in the supply chain including importation of goods and services, at the applicable tax rate of 6%. Input tax that a company pays on business purchases is offset against output tax. Revenue, expenses and assets are recognised net of GST except: • where the GST incurred in a purchase of asset or service is not recoverable from the authority, in which

case the GST is recognised as part of the cost of acquisition of the asset or as part of the expense item as applicable; and

• receivables and payables that are stated with GST inclusive. The net GST recoverable from, or payable to, the taxation authority is included as part of receivables or payables in the statements of nancial position.

3.18 Foreign Currency

Foreign currency transactions

Transactions in foreign currencies are translated to the respective functional currencies of the Group entities at exchange rates at the dates of the transactions.

Monetary assets and liabilities denominated in foreign currencies at the end of the reporting period are translated to the functional currency at the exchange rate at that date.

Non-monetary assets and liabilities measured at historical cost in a foreign currency at the end of the reporting period are translated to the functional currency at the exchange rate at the date of the transaction except for those measured at fair value shall be translated at the exchange rate at the date when the fair value was determined.

Exchange differences arising from the settlement of foreign currency transactions and from the translation of foreign currency monetary assets and liabilities are recognised in pro t or loss.

Exchange differences arising on the translation of non-monetary items carried at fair value are included in pro t or loss for the period except for the differences arising on the translation of non-monetary items in respect of which gains or losses are recognised directly in other comprehensive income.



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Foreign operations

The assets and liabilities of foreign operations are translated to RM at exchange rates at the end of the reporting period. The income and expenses of foreign operations are translated to RM at exchange rates at the dates of the transactions.

Exchange differences are recognised in other comprehensive income and accumulated in the foreign translation reserve (“FTR”) in equity. However, if the operation is a non-wholly owned subsidiary, then the relevant proportionate share of the translation difference is allocated to the non-controlling interests. When a foreign operation is disposed of such that control, the signi cant in uence or joint control is lost, the cumulative amount in the FTR related to the foreign operation is reclassi ed to pro t or loss as part of the pro t or loss on disposal.

When the Group disposes of only part of its interest in a subsidiary that includes a foreign operation, the relevant proportion of the cumulative amount is reattributed to non-controlling interests. When the Group disposes of only part of its investment in an associate or joint venture that includes a foreign operation while retaining signi cant in uence or joint control, the relevant proportion of the cumulative amount is reclassi ed to pro t or loss.

In the consolidated nancial statements, when settlement of a monetary item receivable from or payable to a foreign operation is neither planned nor likely in the foreseeable future, foreign exchange gains and losses arising from such a monetary item are considered to form part of a net investment in a foreign operation and are recognised in other comprehensive income, and are presented in the FTR in equity.

3.19 Share Capital, Share Issuance Expenses and Dividends

An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Ordinary shares are equity instruments.

Share capital represents the nominal value of shares that have been issued.

Dividends on ordinary shares are accounted for in shareholder’s equity as an appropriation of retained pro ts and recognised as a liability in the period in which they are declared.

Share premium includes any premiums received upon issuance of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium, net of any related income tax bene ts.

Costs directly attributable to the issuance of instruments classi ed as equity are recognised as a deduction from equity.

3.20 Segment Reporting

An operating segment is a component of the Group that engages in business activities from which it may earn revenue and incur expenses, including revenues and expenses that relate to transactions with any of the Group’s other components. An operating segment’s operating results are reviewed regularly by the chief operating decision maker, which in this case are the Executive Directors of the Group, to make decisions about resources to be allocated to the segment and assess its performance, and for which discrete nancial information is available.

3.21 Contingencies

Where it is not probable that an in ow or an out ow of economic bene ts will be required, or the amount cannot be estimated reliably, the asset or the obligation is not recognised in the statements of nancial position and is disclosed as a contingent asset or contingent liability, unless the probability of in ow or out ow of economic bene ts is remote. Possible obligations, whose existence will only be con rmed by the occurrence or non-occurrence of one or more future events, are also disclosed as contingent assets or contingent liabilities unless the probability of in ow or out ow of economic bene ts is remote.

3.22 Customer Loyalty Award

The Group operates loyalty programme which allows customers to accumulate points when they purchase products in the Group’s stores. The points can be redeemed for free or discounted goods from the Group’s stores.

The Group allocates consideration received from the sale of goods to the goods sold and the points issued that are expected to be redeemed.

The consideration allocated to the points issued is measured at the fair value of the points. It is recognised as a liability (deferred revenue) in the statement of nancial position and recognised as revenue when the points are redeemed, have expired or are no longer expected to be redeemed. The amount of revenue recognised is based on the number of points that have been redeemed, relative to the total number expected to be redeemed.


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4. PROPERTY, PLANT AND EQUIPMENT

GROUP

2015

Freeholdland and

buildingsRM’000

Leaseholdland

RM’000

LeaseholdbuildingsRM’000

Machineryand

equipment RM’000

Furniture, xturesand

ttingsRM’000

MotorvehiclesRM’000

RenovationRM’000

Capitalwork in

progressRM’000

TotalRM’000

At Cost

Balance at beginning 365,229 22,682 57,150 205,873 180,1 1 9 9,636 159,383 756 1,000,828

Additions - - - 657 4,1 1 1 5 1,564 10 6,347

Disposals - - - - (415) (945) - - (1,360)

Written off - - - (511) (2,139) (133) (3) - (2,786)

Reclassi cation 43,870 148 (995) (142,141) 60,877 (579) 1,557 67 (37,196)

Foreign currency translation - - - - 134 - - 242 376

Balance at end 409,099 22,830 56,1 55 63,878 242,687 7,984 162,501 1,075 966,209

Accumulated depreciation

Balance at beginning 36,685 2,798 23,826 159,371 174,754 8,449 115,279 - 521,162

Current charge 5,502 329 2,547 2,972 12, 1 18 485 8,928 - 32,881

Disposals - - - - (404) (945) - - (1,349)

Written off - - - (500) (2, 1 1 6) (133) (3) - (2,752)

Reclassi cation 62,264 62 (2,846) (105,138) 10,224 (481) (1 ,281) - (37,196)

Foreign currency translation - - - - 120 - - - 120

Balance at end 104,451 3,189 23,527 56,705 194,696 7,375 122,923 - 512,866

Carrying amount 304,648 19,641 32,628 7,173 47,991 609 39,578 1,075 453,343

2014

At Cost

Balance at beginning 365,229 22,682 58,139 204,751 171 ,481 10,057 137,054 1,220 970,613

Additions - - - 1,794 13,981 - 22,336 129 38,240

Disposals - - - (54) (3,704) (421) - - (4,179)

Written off - - (989) (6 1 1) (2,204) - (7) - (3 ,8 1 1 )

Reclassi cation - - - (7) 605 - - (598) -

Reversal - - - - (20) - - - (20)

Disposal of a subsidiary - - - - (22) - - - (22)

Foreign currency translation - - - - 2 - - 5 7

Balance at end 365,229 22,682 57,1 50 205,873 180, 1 1 9 9,636 159,383 756 1,000,828


Balance at beginning 31 ,1 8 3 2,470 21 ,5 1 3 156,424 166,896 8,346 104,379 - 49 1 , 2 1 1

Current charge 5,502 328 2,563 3,502 13,649 524 10,905 - 36,973

Disposals - - - (39) (3,686) (421) - - (4,146)

Written off - - (250) (5 1 1) (2, 1 1 1 ) - (6) - (2,878)

Reclassi cation - - - (5) 4 - 1 - -

Disposal of a subsidiary - - - - (1) - - - ( 1 )

Foreign currency translation - - - - 3 - - - 3

Balance at end 36,685 2,798 23,826 159,371 174,754 8,449 1 1 5,279 - 521 , 162

Carrying amount 328,544 19,884 33,324 46,502 5,365 1 , 1 87 44, 104 756 479,666


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COMPANY

Leaseholdland

RM’000

LeaseholdbuildingsRM’000

EquipmentRM’000

Furniture, xtures

and ttings

RM’000

MotorvehiclesRM’000

RenovationRM’000

Total RM’000

2015

At cost

Balance at beginning 18,409 11,561 3 , 2 7 1 2,889 376 5,045 41, 5 5 1

Additions - - 5 20 - 273 298

Balance at end 18,409 11,561 3,276 2,909 376 5,318 41,849


Balance at beginning 1,852 1,326 2,018 1,901 375 2,561 10,033

Current charge 293 2 3 1 200 156 - 405 1, 2 8 5

Balance at end 2,145 1,557 2,218 2,057 375 2,966 1 1 , 3 1 8

Carrying amount 16,264 10,004 1,058 852 1 2,352 30, 5 3 1

2014

At cost

Balance at beginning 18,409 1 1 , 56 1 3,274 2,889 751 4,921 4 1 ,805

Additions - - 2 20 - 124 1 4 6

Disposal - - - - (375) - (37 5)

Written off - - (5) - - - (5)

Reversal - - - (20) - - (20)

Balance at end 18,409 1 1 ,561 3 ,27 1 2,889 376 5,045 41 , 5 5 1


Balance at beginning 1,559 1,095 1 ,814 1,753 750 2,180 9, 1 5 1

Current charge 293 23 1 206 148 - 381 1 , 2 5 9

Disposal - - - - (375) - ( 3 7 5)

Written off - - (2 ) - - - (2)

Balance at end 1,852 1,326 2,018 1,901 375 2,561 10 ,033

Carrying amount 16,557 10,235 1,253 988 1 2,484 31 , 5 1 8


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2014

At cost

Balance at beginning 61,393 7,866 69,259

Disposals - (5,796) (5,796)

Balance at end 61,393 2,070 63,463


Balance at beginning 1,093 1 8 6 1,279

Current charge 547 9 3 640

Disposals - (220) (220)

Balance at end 1,640 59 1,699

Carrying amount 59,753 2,0 1 1 6 1 ,764

(i) The carrying amounts of property, plant and equipment charged to licensed banks for banking facilities granted to the Group and to the Company are as follows:

(ii) The title deeds for certain leasehold land of the Group with a total carrying amount of RM2,586,460 (2014: RM2,605,746) have yet to be issued by the relevant authorities.

5. INVESTMENT PROPERTIES


GROUP

Freeholdland andbuildingsRM’000

Leaseholdland andbuildingsRM’000

TotalRM’000

2015

At cost 61,393 2,070 63,463


Balance at begining 1,640 59 1,699

Current charge 547 19 566

Balance at end 2,187 78 2,265

Carrying amount 59,206 1,992 61,198

GROUP COMPANY

2015RM’000

2014RM’000

2015RM’000

2014RM’000

Freehold land and buildings 298,914 305,339 - -

Leasehold land 16,884 17,275 16,264 16,557

Leasehold buildings 10,301

326,099

10,665

333,279

10,004

26,268

10,235

26,792


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The carrying amounts of properties charged to licensed banks for banking facilities granted to the Group are as

follows:

The title deeds for certain leasehold land and buildings of the Group with carrying amount of RM420,911 (2014: RM426,307) have yet to be issued by the relevant authorities.

Fair value information

Fair value of investment properties are categorised as follows:

Policy on transfer between levels

The fair value of an asset to be transferred between levels is determined as at the date of the event or change in circumstances that caused the transfer. There were no transfers between Level 1 and Level 2 during the nancial year.

Level 2 fair value

Level 2 fair value is estimated using inputs other than quoted prices included within Level 1 that are observable for the investment properties, either directly or indirectly.

Level 2 fair values of the above properties have been generally derived using the sales comparison approach. Sales prices of comparable properties in close proximity are adjusted for differences in key attributes such as property size. The most signi cant input into this valuation approach is price per square foot of comparable properties.

6. INVESTMENT IN SUBSIDIARIES


GROUP

2015RM’000

2014RM’000

Freehold land and buildings 56,878 57,404

Level 1RM’000

Level 2RM’000

Level 3RM’000

2015

Freehold land and buildings - 72,618 -

Leasehold land and buildings - 6,290 -

2014

Freehold land and buildings - 77,560 -

Leasehold land and buildings - 6,200 -

COMPANY

2015RM’000

2014RM’000

Unquoted shares, at cost 388,437 388,437

Less : Accumulated impairment loss

Balance at beginning (29,814) (26,448)

Current year - (3,366)

Balance at end (29,814) (29,814)

358,623 358,623


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The details of the subsidiaries, all of which are incorporated in Malaysia, except where indicated are as follows:


Name of Subsidiaries Effective Equity Interest Principal Activities

2015 2014

% %

The Store (Malaysia) Sdn. Bhd. 100 100 Operation of department stores and supermarkets.

Milimewa Superstore Sdn. Bhd. 100 100 Operation of department stores and supermarkets.

Larut Matang Supermarket Holdings Berhad 100 100 Investment holding.

The Store Holdings Sdn. Bhd. 100 100 Investment holding.

The Store (Terengganu) Sdn. Bhd. 100 100 Inactive.

Taiping Supermarket Holdings Sdn. Bhd. 100 100 Investment holding.

Gold Shopping Centre Holdings Sdn. Bhd. 100 100 Investment holding.

Summit Superstore Holdings Sdn. Bhd. 100 100 Investment holding.

The Store Properties Sdn. Bhd. 100 100 Investment holding.

The Store (Kelantan) Sdn. Bhd. 100 100 Investment holding.

The Store Card Sdn. Bhd. 100 100 Provision of strategic incentive marketing solutions and customers loyalty schemes to related companies.

TS Retail Systems Sdn. Bhd. 100 100 IT and computer related services.

TS Universal Trading Sdn. Bhd. 100 100 Trading in general goods.

Yangtze Corporation Sdn. Bhd. 95 95 Inactive.

Paci c Hypermarket Group Sdn. Bhd. 100 100 Investment holding.

Visual Utama Sdn. Bhd. 100 100 Inactive.

Delsinar Sdn. Bhd. 100 100 Investment holding.

Nilai Hikmat Sdn. Bhd. 100 100 Investment holding.

* TS Universal International Co. Ltd (Incorporated in British Virgin Islands)

100 100 Investment holding.

The Store (Kemaman) Sdn. Bhd. 100 100 Inactive.

The Store (Seremban) Sdn. Bhd. 100 100 Inactive.

The Store (Kluang) Sdn. Bhd. 100 100 Inactive.

The Store (Muar) Sdn. Bhd. 100 100 Inactive.

The Store (Mentakab) Sdn. Bhd. 100 100 Inactive.

The Store (Taman Tun Aminah) Sdn. Bhd. 100 100 Inactive.

The Store (Klang) Sdn. Bhd. 100 100 Inactive.


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2015 2014

% %

The Store (Central Square) Sdn. Bhd. 100 100 Inactive.

The Store (Kampar Road) Sdn. Bhd. 100 100 Inactive.

The Store (Kuantan Parade) Sdn. Bhd. 100 100 Inactive.

The Store (Bentong) Sdn. Bhd. 100 100 Inactive.

The Store (Subang) Sdn. Bhd. 100 100 Inactive.

The Store (Port Dickson) Sdn. Bhd. 100 100 Inactive.

The Store (Bukit Pasir) Sdn. Bhd. 100 100 Inactive.

The Store (Kangar) Sdn. Bhd. 100 100 Inactive.

The Store (Darul Naim) Sdn. Bhd. 100 100 Inactive.

Fajar Retail Enterprise Sdn. Bhd. 100 100 Investment holding.

Fajar Departmental Store & Supermarket (Sg. Besar) Sdn. Bhd.


Fajar Supermarket Sdn. Bhd. 100 100 Investment holding.

Fajar Supermarket (Upper Perak) Sdn. Bhd. 100 100 Investment holding.

Berkat Apparel Sdn. Bhd. 100 100 Inactive.

Berkat Marketing Sdn. Bhd. 100 100 Inactive.

Berkat Merchandising & Services Sdn. Bhd. 100 100 Inactive.

Koaling Development Sdn. Bhd. 100 100 Inactive.

Sungei Perak Supermarket Sdn. Bhd. 100 100 Investment holding.

Berkat Supermarket Sdn. Bhd. 100 100 Inactive.

Dindings Supermarket Sdn. Bhd. 100 100 Inactive.

Fajar Supermarket (Melaka) Sdn. Bhd. 100 100 Inactive.

Fajar Supermarket (Butterworth) Sdn. Bhd. 100 100 Investment holding.

Kuala Kangsar Supermarket Sdn. Bhd. 100 100 Inactive.

Larut Matang Supermarket (Taiping) Sdn. Bhd. 100 100 Inactive.

Berkat Garments Sdn. Bhd. 100 100 Inactive.



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2015 2014

% %

Fajar Merchandising & Services Sdn. Bhd. 100 100 Inactive.

The Store (Johore Bahru) Sdn. Bhd. 100 100 Investment holding.

Tanjung Segi Sdn. Bhd. 100 100 Investment holding.

Formyarn Sdn. Bhd. 67 67 Inactive.

Murai Perdana Sdn. Bhd. 100 100 Investment holding.

The Store (Malacca) Sdn. Bhd. 100 100 Investment holding.

The Store (Batu Pahat) Sdn. Bhd. 100 100 Inactive.

The Store (Pusat K.T.) Sdn. Bhd. 100 100 Inactive.

Taiping Corporation Sdn. Bhd. 100 100 Investment holding.

The Store (Taiping) Sdn. Bhd. 100 100 Investment holding.

The Store (NS) Sdn. Bhd. 100 100 Investment holding.

Arglye Sdn. Bhd. 100 100 Inactive.

The Store (Summit Parade) Sdn. Bhd. 100 100 Inactive.

The Store (Sungai Petani) Sdn. Bhd. 100 100 Investment holding

Paci c Hypermarket Properties Sdn. Bhd. 100 100 Investment holding

Bigever Properties Sdn. Bhd. 100 100 Investment holding

Paci c Hypermarket & Departmental Store Sdn. Bhd.

100 100 Investment holding and operation of department store and hypermarkets.

Paci c Bowling Sdn. Bhd. 100 100 Manage and operate of bowling centre.

Paci c Department Store Sdn. Bhd. 100 100 Inactive.

* Universal Retail Group Ltd (Incorporated in Cayman Islands)


Sungei Besar Supermarket Sdn. Bhd. 100 100 Inactive.

Bintang Aspek (M) Sdn. Bhd. 100 100 Investment holding.

The Store (Johor Jaya) Sdn. Bhd. 100 100 Inactive

Cotler Sdn. Bhd. 92 92 Inactive.

The Store (Taiping Jaya) Sdn. Bhd. 100 100 Inactive.

The Store (Tampin) Sdn. Bhd. 100 100 Inactive.

The Store (Taman Kok Lian) Sdn. Bhd. 100 100 Inactive.

TS Universal Brands Sdn. Bhd. 100 100 Trading in general goods.

The Store (Kota Bahru) Sdn. Bhd. 100 100 Inactive.

Universal Retail Academy Sdn. Bhd. 100 100 Training and development.

Paci c Hypermarket (Prai) Sdn. Bhd. 100 100 Inactive.



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2015 2014

% %

Paci c Department Store (Prai) Sdn. Bhd. 100 100 Inactive.

* TS Universal Retail Ltd (Incorporated in British Virgin Islands)


* Universal Retail Holdings Ltd (Incorporated in Hong Kong)


* Jurus Kota Sdn. Bhd. 100 100 Investment holding.

* Shanghai Universal Retail Limited (Incorporated in People’s Republic of China)

100 100 Inactive.

* Universal Retail (Jiaxing) Limited (Incorporated in People’s Republic of China)

100 100 Inactive.

* Universal Retail Limited (Incorporated in Hong Kong)

100 100 Inactive.

* Not audited by Grant Thornton.


7. OTHER INVESTMENTS

8. INTANGIBLE ASSETS

GROUP

2015RM’000

2014RM’000

Available-for-sale nancial assets

Shares quoted in Malaysia, at fair value 15 14

Unquoted shares, at cost 5 5

20 19

Market value of quoted shares 15 14

GROUP

2015RM’000

2014RM’000

Goodwill

At Cost 11 , 311 1 1 , 3 1 1

Less: Accumulated impairment loss (2,992) (2,992)

Carrying amount 8,319 8,319


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Impairment test on goodwill

Goodwill arising from business combinations has been allocated to its business segment as its cash generating units (CGUs).

For annual impairment testing purposes, the recoverable amount of the CGUs is determined based on its value-

in-use, which applies a discounted cash ow model using cash ow projections based on nancial budget and projections approved by management.

No impairment loss is required for the goodwill as its recoverable amount is in excess of its carrying amount.

The key assumptions on which the management has based on for the computation of value-in-use are as follows:

(i) Budgeted gross margin

The basis used to determine the value assigned to the budgeted gross margins is the average gross margin achieved in the period immediately before the budgeted period adjusted for expected ef ciency improvement, market and economic conditions and internal resource ef ciency, where applicable.

(ii) Revenue

The revenue used to calculate the cash in ows from operations was determined after taking into consideration the historical sales and expected growth rates of the relevant industry which the CGUs are exposed. Values assigned are consistent with the external sources of information.

(iii) Discount rate

The discount rate applied to the cash ow projections is based on the weighted average cost of capital rate of the Group.

Sensitivity to changes in assumptions

With regard to the assessment of value-in-use of all CGUs, management believes that no reasonable change in any of the above key assumptions would cause the carrying value of the units to materially exceed their recoverable amounts.

9. DEFERRED TAX Deferred tax assets:

The deferred tax assets are represented by deductible temporary differences arising from deferred revenue. Deferred tax liabilities:

GROUP COMPANY

2015RM’000

2014RM’000

2015RM’000

2014RM’000

Balance at beginning 31 ,892 31,755 166 178

Transfer to pro t or loss (1,800) (1,492) (4) (12)

30,092 30,263 162 166

Under provision in prior year 564 1,629 - -

Balance at end 30,656 31,892 162 166


GROUP

2015RM’000

2014RM’000

Balance at beginning 893 1,049

Transfer to pro t or loss (151) (156)

Balance at end 742 893


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GROUP

2015RM’000

2014RM’000

- Unabsorbed tax losses 7,274 6,482

- Unabsorbed capital allowances 4,447 4,223

- Property, plant and equipment (720) (731)

11,001 9,974

The deferred tax liabilities are represented by taxable temporary differences arising from:

Deferred tax assets not recognised

As at the end of the reporting period, the Group has not recognised deferred tax assets arising from the following deductible/(taxable) temporary differences as it is not probable that future taxable pro t will be available against which they can be utilised:

10. TRADE AND OTHER RECEIVABLES

GROUP COMPANY

2015RM’000

2014RM’000

2015RM’000

2014RM’000

- Previous fair value adjustment to the properties of subsidiaries

876 876 - -

- Previous revaluation surplus of freehold building 21,783 22,054 - -

- Property, plant and equipment 7,997 8,962 162 166

30,656 31,892 162 166

GROUP COMPANY

2015RM’000

2014RM’000

2015RM’000

2014RM’000

Trade receivables (Note 10.1)

Gross amount 4,319 2,850 - -

Less : Impairment losses - -

Balance at beginning 1,083 1,007 - -

Current year 87 76 - -

Reversal (2) - - -

Balance at end (1,168) (1,083) - -

3,151 1,767 - -

Other receivables (Note 10.2) 17,652 22,635 - -

Less : Impairment losses

Balance at beginning 1,584 - - -

Current year - 1,584 - -

Written off ( 1,584) - - -

Balance at end - (1,584) - -

17 ,652 21 ,05 1 - -

Deposits 30,214 27, 100 9 9

Prepayments 5,276 5,445 20 -

GST receivable 2,915 - 8 -

56,057 53,596 37 9

Total trade and other receivables 59,208 55,363 37 9


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10.1 Trade receivables

Trade receivables represent amounts due from credit cards issuing banks arising from the sale of goods to customers and tenants and are generally on 3 to 60 days (2014: 3 to 120 days) credit terms. They are recognised at their original invoice amounts which represent their fair values on initial recognition.

10.2 Other receivables

The currency pro le of the Group’s other receivables is as follows:

11. AMOUNT DUE FROM/TO SUBSIDIARIES

The amount due from/to subsidiaries represents unsecured advances which is interest free and is repayable on demand, except for a receivable amount of RM95,354,078 (2014: RM121,530,636) which earns an interest at 5.5% (2014: 8%) per annum.

12. DEPOSITS WITH LICENSED BANKS

The effective interest rates and maturities of the deposits as at the end of the reporting period are as follows:

13. CASH AND BANK BALANCES

The currency pro le of the Group’s cash and bank balances is as follows:

2015RM’000

2014RM’000

Ringgit Malaysia 13,767 18,127

Chinese Renminbi 2,964 2,238

Hong Kong Dollar 921 686

17,652 21,051

2015RM’000

2014RM’000


Chinese Renminbi 3 13

Hong Kong Dollar 1 3

19,248 37,339

GROUP

2015RM’000

2014RM’000

Unencumbered

- Repo 35,800 600

- Fixed deposits 105,579 145,995

141,379 146,595

GROUP

2015 2014

Interest rates per annum (%) 2.80 to 3.75 2.60 to 3.50

Maturities (days) 1 to 31 1 to 365



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14. SHARE CAPITAL

15. FOREIGN TRANSLATION RESERVE

This is in respect of foreign exchange differences on translation of the nancial statements of foreign subsidiaries.

16. RETAINED PROFITS

The franking of dividends of the Company is under the single tier system and therefore there is no restriction on the Company to distribute dividends subject to the availability of retained pro ts.

17. DEFERRED REVENUE

The Group operates the loyalty programme which allows customers to accumulate points when they purchase products in the Group’s stores. The points can be redeemed for free or for discounted goods from the Group’s stores.

Deferred revenue represents consideration received from the sale of goods that is allocated to the points issued under the loyalty programme that are expected to be redeemed but are still outstanding as at the end of the reporting period.

18. BORROWINGS

The bank term loans are secured by way of:

(i) Legal charges over certain freehold and leasehold properties of certain subsidiaries and of the Company, and (ii) Corporate guarantee of the Company and of a subsidiary.

Number ofordinary shares of

RM1 eachAmount

2015RM’000

2014RM’000

2015RM’000

2014RM’000

Authorised 88,000 88,000 88,000 88,000

Issued and fully paid 68,504 68,504 68,504 68,504

GROUP

2015RM’000

2014RM’000

Balance at beginning 3,720 4, 196

Additions during the year 1 ,275 1 ,625

Transfer to pro t or loss (1,904) (2 , 101)

Balance at end, expiring within three/two years 3,091 3,720

Less: Outstanding balance due not later than one year (1,596) (1,828)

Outstanding balance due later than one year but not later than three/ two years 1,495 1,892

GROUP COMPANY

2015RM’000

2014RM’000

2015RM’000

2014RM’000

Non-current liabilities

Secured:

Bank term loans 86,821 114,938 81,855 109,796

Current liabilities

Secured:

Bank term loans 28,112 28,103 27,941 27,941


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A summary of the effective interest rates and the maturities of the borrowings are as follows:

19. TRADE AND OTHER PAYABLES

19.1 Trade payables

Trade payables represent amounts outstanding for trade purchases. They are non-interest bearing and are normally settled within 7 to 150 days (2014: 7 to 150 days) credit terms.

19.2 Other payables

The currency pro le of the Group’s other payables is as follows:


GROUP COMPANY

2015RM’000

2014RM’000

2015RM’000

2014RM’000

Trade payables (Note 19.1) 325,527 339,574 - -

Other payables (Note 19.2) 25,662 33,197 333 352

Accruals (Note 19.3) 16,745 17,194 612 687

Deposits 10,813 9,904 - -

GST payable 362 - - -

379,109 399,869 945 1,039

Averageeffective

interest rateper annum

(%)Total

RM’000

Withinone yearRM’000

More thanone year andless than two

yearsRM’000

More thantwo years andless than ve

yearsRM’000

More than ve years RM’000

GROUP

2015

Bank term loans 5.05 to 5.40 114,933 28,1 1 2 28,121 50,493 8,207

2014

Bank term loans 5.05 to 5.44 143,041 28,103 28,1 1 2 77,605 9,2 2 1

COMPANY

2015

Bank term loans 5.35 to 5.40 109,796 27,941 27,941 49,894 4,020

2014

Bank term loans 5.32 to 5.44 137,737 27,941 27,941 77,037 4,8 18

2015RM’000

2014RM’000


Chinese Renminbi 1,078 794

25,662 33,1 9 7


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19.3 Accruals

The currency pro le of the Group’s accruals is as follows:


2015RM’000

2014RM’000


Hong Kong Dollar 15 1 1

US Dollar 13 8

16,745 17,194

20. REVENUE

21. COST OF SALES

GROUP COMPANY

2015RM’000

2014RM’000

2015RM’000

2014RM’000

Sale of goods net of discounts 1,625,693 1,750,482 - -

Dividend income 4 5 7,200 40,000

Management fees - - 3,003 2,840

Rental income from investment properties 9,630 17,212 - -

1,635,327 1,767,699 10,203 42,840

GROUP

2015RM’000

2014RM’000

Cost of goods sold 1,288,635 1,396,787

Direct operating costs relating to rental generating investment properties 1,370 1,447

1,290,005 1,398,234


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22. PROFIT BEFORE TAX

This is arrived at:

GROUP COMPANY

2015RM’000

2014RM’000

2015RM’000

2014RM’000

After charging/(crediting):

Auditors’ remuneration

- Audit fee

Company’s auditors

- Current year 525 525 33 33

- under provision in prior year 3 25 - 3

Other auditors 39 30 - -

- Non-audit fees

Company’s auditors 20 3 - -

Bad debts 1 - - 4,929

Debts waived by a subsidiary - - - (6,836)

Depreciation of:

- property, plant and equipment 32,8 8 1 36,973 1,285 1,259

- investment properties 566 640 - -

Directors’ remuneration for non-executive directors

- allowance 63 63 63 63

- fees 169 1 72 1 33 1 36

Gain on deconsolidation of a subsidiary - (1,055) - -

Gain on disposal of investment properties - (123) - -

Gain on disposal of property, plant and equipment (14) (7) - (5)

Gain on disposal of a subsidiary - - - (4,400)

Gross dividends from other investments (4) (5) - -

Gross dividends from unquoted subsidiaries - - (7,200) (40,000)

Impairment loss on investment in subsidiaries - - - 3,366

Impairment loss on receivables 87 1,660 - -

Interest expense on:

- bank overdraft 4 19 - 10

- term loans 7,027 9,555 6,767 7,81 3

- others 806 852 801 848

Interest income (4,421) (3,934) (5,564) (9,633)

Inventories written off - 2,000 - -

Property, plant and equipment written off 34 933 - 3

Rental of premises 87,442 8 2 , 7 1 6 - -

Rental of motor vehicle 227 55 - -

Rental income from

- investment properties (9,777) (17,509) - -

- others (18,997) (21 ,316) - -

Reversal on impairment loss on receivables (2) - - -

Waiver of debts (2,167) - - -



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23. TAX EXPENSE

The reconciliation of the tax expense of the Group and of the Company is as follows:

GROUP COMPANY

2015RM’000

2014RM’000

2015RM’000

2014RM’000

Malaysian income tax :

Based on results for the year

- Current tax (14,141) (17,132) (394) (9,889)

- Deferred tax

Relating to origination and reversal of temporary differences 1,700 1,005 4 5

Changes in tax rate (51) 331 - 7

1,649 1,336 4 12

(12,492) (15,796) (390) (9,877)

Real property gain tax - (54) - -

Over/(Under) provision in prior year

- Current tax 897 (564)

(2 10)(1,629)

74-

10-- Deferred tax

(333) (1,839) 74 10

(12,159) (17,689) (316) (9,867)

GROUP COMPANY

2015RM’000

2014RM’000

2015RM’000

2014RM’000

Pro t before taxation 24,854 38,070 2,928 41,1 64

Income tax at Malaysian statutory tax rate of 25% (6,214) (9,518) ( 7 3 2 ) (10, 291 )

Income not subject to tax 345 1,391 1,800 2,810

Expenses not deductible for tax purposes (5,816) (7,793) (1,458) (2,403)

Utilisation of unabsorbed tax losses 176 147 - -

Deferred tax assets not recognised (1,203) (625) - -

Annual crystallisation of deferred tax on revaluation surplus 271 271 - -

Changes in tax rate (51) 331 - 7

(12,492) (15,796) (390) (9,877)

Real property gain tax - (54) - -

Over/(Under) provision in prior year (333) (1,839) 74 10

(12,159) (17,689) (316) (9,867)


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The amount and future availability of unabsorbed tax losses and unabsorbed capital allowances for which the related tax effects have not been accounted for at the end of the reporting period is follows:

The corporate tax rate will be reduced to 24% from the year of assessment 2016 as announced in the Malaysian Budget 2014. Consequently, deferred tax is measured using this tax rate.

24. EARNINGS PER SHARE

GROUP

(a) Basic earnings per share

The basic earnings per share of the Group is calculated by dividing the pro t for the nancial year attributable to owners of the Company by the weighted average number of ordinary shares in issue during the nancial year as follows:

(b) Diluted earnings per share

There are no diluted earnings per share as the Company does not have any convertible nancial instruments as at the end of the reporting period.

25. DIVIDEND

At the forthcoming Annual General Meeting, a rst and nal single tier dividend of 3.75 sen per share amounting to RM2,568,885 for the nancial year ended 30 September 2015 will be proposed for the shareholders’ approval. The nancial statements for the current nancial year do not re ect this proposed dividend. Such dividend, if approved

by the shareholders will be accounted for in equity as an appropriation of retained pro ts in the nancial year ending 30 September 2016.

GROUP

2015RM’000

2014RM’000

Unabsorbed tax losses 29,094 25,929

Unabsorbed capital allowances 17,788 16,892

2015 2014

Pro t attributable to owners of the Company (RM’000) 12,702 20,387

Weighted average number of ordinary shares of RM1 each (’000) 68,504 68,504

Basic earnings per share (sen) 18.54 29.76

2015RM’000

2014RM’000

First and nal single tier dividend of 3.75 sen per share in respect of the nancial year ended 30 September 2014 2,569 -

First and nal single tier dividend of 3.75 sen per share in respect of the nancial year ended 30 September 2013 - 2,569

2,569 2,569

Net dividend per ordinary share (sen) 3.75 3.75



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26. EMPLOYEES BENEFITS EXPENSE

Directors’ remuneration for executive directors

Included in the employees bene ts expense of the Group and of the Company are executive directors’ remuneration as shown below:

GROUP COMPANY

2015RM’000

2014RM’000

2015RM’000

2014RM’000

Directors of the Company

Executive directors

-Salaries 2,995 3, 126 2,995 3,126

-EPF 359 375 359 375

-Fees 504 504 36 36

3,858 4,005 3,390 3,537

Directors of the subsidiaries

Executive directors

-Salaries 537 523 - -

-EPF 55 64 - -

-Fees 420 420 - -

1,012 1,007 - -

Bene ts-in-kind

- executive directors of the Company 34 52 34 52

- non-executive directors of the Company - 11 - 11

- executive directors of the subsidiaries 12 12 - -

46 75 34 63

4,916 5,087 3,424 3,600

Analysed as:

Present directors 4,916 4,858 3,424 3,371

Past director - 229 - 229

4,916 5,087 3,424 3,600

GROUP COMPANY

2015RM’000

2014RM’000

2015RM’000

2014RM’000

Salaries, wages, allowance and bonus 1 1 1 ,139 1 1 1 ,047 2,995 3,126

Directors’ fees 924 924 36 36

EPF 11,824 12,016 359 375

SOCSO 1,516 1,559 2 2

Other staff related expenses 1,395 2,041 - -

126,798 127,587 3,392 3,539


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27. RELATED PARTY DISCLOSURES

(i) Identity of related parties

For the purpose of these nancial statements, parties are considered to be related to the Group, if the Group has the ability, directly or indirectly, to control the party or exercise signi cant in uence over the party in making any nancial and operating decisions, or vice versa, or where the Group and the party are subject to common control or

common signi cant in uence. Related parties may be individuals or other entities.

Related parties also include key management personnel de ned as those persons including directors having authority and responsibility for planning, directing and controlling the activities of the Group either directly or indirectly.

The Group has related party relationship with its subsidiaries, key management personnel and the following parties:

(ii) Related party transactions

Related party Relationship

Iza Ng Yeoh & Kit : A rm in which an independent non-executive director of the Company, Mr Yeoh Chong Keng is the managing partner.

Y. S. Tang Holdings Sdn. Bhd. : A company in which Tan Sri Dato’ Sri Tang Yeam Soon is a director and has substantial nancial interest.

Dream Property Sdn. Bhd. : A company in which Tan Sri Dato’ Sri Tang Yeam Soon and Puan Sri Datin Sri Khor Guik Lee are the directors and have substantial nancial interests.

Georgetown White Coffee Sdn. Bhd. : A company in which Tan Sri Dato’ Sri Tang Yeam Soon and Puan Sri Datin Sri Khor Guik Lee have substantial nancial interests.

Unifortune Holdings Sdn. Bhd. : A company in which Tan Sri Dato’ Sri Tang Yeam Soon and Puan Sri Datin Sri Khor Guik Lee have substantial nancial interests.

GROUP COMPANY

2015RM’000

2014RM’000

2015RM’000

2014RM’000

Rental of premises charged by related parties- Y. S. Tang Holdings Sdn. Bhd 8,636 8,262 - -

- Dream Property Sdn. Bhd. 7,808 4,013 - -

- Unifortune Holdings Sdn. Bhd. 4, 146 723 - -

Gross dividend income from subsidiaries - - 7,200 40,000

Professional fees paid to a related party- Iza Ng Yeoh & Kit 79 32 - -

Rental income from a related party- Georgetown White Coffee Sdn. Bhd. 84 100 - -

Management fee from subsidiaries - - 3,003 2,840

Interest income from subsidiaries - - 5,564 9 ,6 1 6

Sales to a related party - Georgetown White Coffee Sdn. Bhd. 82 72 - -

Advance from subsidiaries - - - 704

Advance to subsidiaries - - - 15,094

Repayment from subsidiaries - - 26,107 -



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(iii) Compensation of key management personnel

Key management personnel comprise the Board of Directors of the Company and of its subsidiaries.

28. COMMITMENTS

(i) Capital commitments

(ii) Operating lease commitments (a) The Group as lessor

The Group has entered into cancellable commercial property leases to earn rental income from its investment properties and certain properties included under property, plant and equipment. These leases have an average tenure of 1 to 3 years with an option to renew. The tenants are required to give 2 months’ notice for the termination of these agreements. The Group does not have any contingent rental arrangements.

(b) The Group as lessee

The Group leases its premises under non-cancellable operating leases for its operations.

The leases have an average tenure of 3 to 5 years, with an option to renew. Increase in lease payments, if any, after the expiry dates, are negotiated between the Group and the lessors which will normally re ect market rentals. None of the above leases includes contingent rentals.

The Group’s future aggregate minimum lease payments under these operating leases are as follows:

29. CONTINGENT LIABILITIES (UNSECURED)

The corporate guarantee does not have a determinable effect on the terms of the credit facilities due to the bank’s requirement of the corporate guarantee as a pre-condition for approving the credit facilities granted to the subsidiaries. The actual terms of the credit facilities are likely to be the best indicator of “at market” terms and hence the fair value of the credit facilities are equal to the credit facilities amount received by the subsidiaries. As such, there is no value on the corporate guarantee to be recognised in the nancial statements.

GROUP COMPANY

2015RM’000

2014RM’000

2015RM’000

2014RM’000

Salaries and other short-term employee bene ts5,148 5,322 3,620 3,799

GROUP

2015 2014

RM’000 RM’000

Authorised but not contracted for:- Property, plant and equipment 10,232,204 -

2015RM’000

2014RM’000

Future minimum lease payments

- Not later than one year 20,493 24,221

- Later than one year but not later than two years 14 ,219 2 1 ,302

34, 7 1 2 45,523

COMPANY

2015RM’000

2014RM’000

Corporate guarantees in respect of banking facilities granted to subsidiaries- Limit 45,500 45,500

- Amount utilised 5,1 37 5,304


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30. SEGMENT ANALYSIS

No segment analysis is prepared as the Group is primarily engaged in retail operations in Malaysia. There are no major customers with revenue equal or more 10% of the Group revenue.

31. FINANCIAL INSTRUMENTS

31.1 Categories of nancial instruments The table below provides an analysis of nancial instruments categorised as loans and receivables (“L&R”), available-for-sale nancial assets (“AFS”), and nancial liabilities measured at amortised cost (“FL”).

Carryingamount L&R AFS FL

RM’000 RM’000 RM’000 RM’000

GROUP

2015

Financial assets

Other investments 20 - 20 -

Trade and other receivables 53,932 53,932 - -

Deposits with licensed banks 141,379 141,379 - -

Cash and bank balances 19,248 19,248 - -

214,579 214,559 20 -


Trade and other payables 379,109 - - 379,109

Borrowings 1 14,933 - - 1 14,933

494,042 - - 494,042

2014

Financial assets

Other investments 19 - 19 -

Trade and other receivables 49,918 49,918 - -

Deposits with licensed banks 146,595 146,595 - -


233, 8 7 1 233,852 19 -


Trade and other payables 399,869 - - 399,869

Borrowings 1 43,041 - - 1 43,041

542,910 - - 542,910



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Carryingamount L&R AFS FL

RM’000 RM’000 RM’000 RM’000

COMPANY

2015

Financial assets

Other receivables 17 17 - -

Amount due from subsidiaries 177,033 177,033 - -

Cash and bank balances 732 732 - -

177,782 177,782 - -


Other payables 945 - - 945

Amount due to subsidiaries 172,456 - - 172,456

Borrowings 109,796 - - 109,796

283,197-

- 283,1 9 7

2014

Financial assets

Other receivables 9 9 - -

Amount due from subsidiaries 203,094 203,094 - -


204,606 204,606 - -


Other payables 1,039 - - 1,039

Amount due to subsidiaries 172,456 - - 172,456

Borrowings 137,737 - - 137,737

311,232-

- 311 ,232

31.2 Financial risk management The Group’s nancial risk management policy seeks to ensure that adequate resources are available for the development of the Group’s business whilst managing its credit risk, liquidity risk and interest rate risk. The Group operates within clearly de ned guidelines that are approved by the Board and the Group’s policy is not to engage in speculative transactions.

31.3 Credit risk Credit risk refers to the risk that the counterparty will default on its contractual obligations resulting in nancial loss to the Group and to the Company. The Group’s exposure to credit risk arises principally from

its trade and other receivables. The Company’s exposure to credit risk arises principally from advances to its subsidiaries and nancial guarantees given.

31.3.1 Trade receivables The Group’s retail sales are transacted in cash and credit cards. The payments from the credit cards issuing banks are normally made in 3 days. The Group also lets out its properties for rental and tenants are given 7 days credit term.

The payments of rental by the tenants are monitored on an on-going basis with the result that the Group’s exposure to bad debts is not signi cant.


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The ageing of trade receivables and accumulated impairment losses of the Group is as follows:

Trade receivables that are neither past due nor impaired are creditworthy customers with good payment record with the Group. None of the Group’s trade receivables that are neither past due nor impaired have been renegotiated during the nancial year.

Total impairment loss relates to customers that have nancial dif culties and have defaulted in repayment.

The net past due receivables amounting to RM2,329,000 (2014: RM1,475,000) are not impaired as the management is of the view that these debts will be recovered in due course.

As at the end of the reporting period, the Group has no signi cant concentration of credit risks.

31.3.2 Financial guarantees The Company provides unsecured nancial guarantees to licensed banks in respect of banking facilities granted to its subsidiaries as disclosed in Note 29.

The Company monitors on an ongoing basis the results of the subsidiaries and their repayments made. As at the end of the reporting period, there was no indication that these subsidiaries would default on repayment.

31.3.3 Intercompany balances The Company provides advances to its subsidiaries. The Company monitors the results of the subsidiaries regularly.

The maximum exposure to credit risk is represented by its carrying amount in the Company’s statement of nancial position.

As at the end of the reporting period, there was no indication that the advances to those subsidiaries are not recoverable. The Company does not speci cally monitor the ageing of the advances to subsidiaries.

2014

Not past due 292 - 292

1 to 30 days past due 444 - 444


Past due more than 60 days 1,856 (1,083) 773

2,558 (1,083) 1,475

2,850 (1,083) 1,767

Gross Impairment Net

RM’000 RM’000 RM’000

2015

Not past due 822 - 822



Past due more than 60 days 3,084 (1,168) 1,916

3,497 (1,168) 2,329

4,319 (1,168) 3, 1 5 1



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31.4 Liquidity risk Liquidity risk is the risk that the Group and the Company will not be able to meet their nancial obligations as and when they fall due. The Group and the Company actively manage their debt maturity pro le, operating cash ows and availability of funding so as to ensure that all repayment and funding needs are met. As part of its overall prudent liquidity management, the Group and the Company maintain suf cient levels of cash and cash equivalents to meet their working capital requirements.

The table below summarises the maturity pro le of the Group’s and the Company’s nancial liabilities as at the end of the reporting period are based on the undiscounted contractual payments:

Carryingamount

Contractualcash ows

Withinone year

More than one year and less

than two years

More than two years and less than ve years

More than ve years

RM’000 RM’000 RM’000 RM’000 RM’000 RM’000

GROUP

2015

Non-derivative nancial liabilities

Interest bearing borrowings 114,933 130,798 33,684 32,188 54,562 10,364

Trade and other payables 379,109 379,109 379,109 - - -

494,042 509,907 412,793 32,188 54,562 10,364

2014


Interest bearing borrowings 143,041 166,035 35,189 33,693 85,301 1 1 ,852

Trade and other payables 399,869 399,869 399,869 - - -

542,910 565,904 435,058 33,693 85,301 1 1 ,852

COMPANY

2015



Other payables 945 945 945 - - -

Intercompany balances 172,456 172,456 172,456 - - -

Financial guarantee - 5,1 3 7 5,137 - - -

283,197 301,408 211,795 31,761 53,281 4,571

2014



Other payables 1,039 1,039 1,039 - - -

Intercompany balances 172,456 172,456 172,456 - - -

Financial guarantee - 5,304 5,304 - - -

311,232 336,468 213,561 33,264 84,022 5,621


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31.5 Interest rate risk The Group’s xed rate instruments are exposed to a risk of change in their fair value due to changes in interest rates. The Group’s oating rate instruments are exposed to a risk of change in cash ows due to changes in interest rates.

The interest rate pro le of the Group’s and of the Company’s interest bearing nancial instruments based on the carrying amounts as at the end of the reporting period are as follows:

Sensitivity analysis for xed rate instruments The Group does not account for any xed rate nancial liabilities at fair value through pro t or loss, and the Group does not designate derivatives as hedging instruments under a fair value hedge accounting model. Therefore, a change in interest rates at the end of the reporting period would not affect pro t or loss.

Sensitivity analysis for variable rate instruments An increase of 25 basis point at the end of the reporting period would have reduced pro t before tax of the Group and of the Company by RM328,000 (2014: RM394,000) and RM315,000 (2014: RM363,000) respectively and a corresponding decrease would have an equal but opposite effect. These changes are considered to be reasonably possible based on observation of current market conditions. This analysis assumes that all other variables remain constant.

31.6 Fair value information The carrying amounts of the Group’s and of the Company’s cash and bank balances, short term receivables and payables and borrowings as at the end of the reporting period approximate their fair values due to their short-term nature or that they are oating rate instruments that are re-priced to market interest rates on or near the end of the reporting period, except for unquoted shares with carrying amount of RM5,000 (2014: RM5,000), whereby it is not practicable to reasonably estimate its fair value due to lack of comparable quoted market prices and available market data for valuation. Therefore, this investment is carried at its original costs less any impairment loss.

The Group uses the following hierarchy for determining the fair value of all nancial instruments carried at fair value:

Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilitiesLevel 2 - Input that are based on observable market data, either directly or indirectlyLevel 3 - Input that are not based on observable market data

2015 2014

RM’000 RM’000

GROUP

Fixed rate instruments Financial assets 141,379 146,595

Floating rate instrumentsFinancial liabilities 114,933 143,041

COMPANY

Fixed rate instruments Financial assets 95,354 121,531

Floating rate instrumentsFinancial liabilities 109,796 137,737



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The table below analyses nancial instruments carried at fair value which fair value is disclosed, together with their fair values and carrying amounts shown in the statement of nancial position.

Policy on transfer between levels

The fair value of an asset to be transferred between levels is determined as at the date of the event or change in circumstances that caused the transfer. There were no transfers between Level 1 and Level 2 during the nancial year.

32. CAPITAL MANAGEMENT

The primary objective of the Group’s capital management policy remains unchanged and is to maintain a strong capital base to support its businesses and maximise shareholders’ value.

The Group manages its capital structure and makes adjustments to it in the light of changes in economic conditions or expansion of the Group. The Group may adjust the capital structure by issuing new shares, returning capital to shareholders or adjusting the amount of dividends to be paid to shareholders or selling assets to reduce debts. No changes were made in the objective, policy and process during the nancial year under review as compared to the previous nancial year.

The lending banks of the Company have imposed a debt covenant that requires the Company to maintain a debt service coverage ratio (“DSCR”) of 1.5 times. The DSCR is de ned as consolidated available cash ow to the aggregate of debt payment (principal plus interest) due by the Group for the past twelve months.

The DSCR of the Group during the nancial year under review is as follows:

Based on the computation above, the Company has ful lled the debt covenant requirement imposed by the banks.

Level 1 RM’000

Level 2 RM’000

Level 3 RM’000

Total fair valueRM’000

Carrying amountRM’000

2015

Financial assets

Quoted shares 15 - - 15 15

2014

Financial assets

Quoted shares 14 - - 14 14

GROUP

2015RM’000

2014RM’000

Net cash ow from operations and other activities (A)

Opening balance of cash and cash equivalents 183,934 186,581

Net cash in ow/(out ow) from operating activities (excluding interest paid) 21,525 70,904

Net cash in ow/(out ow) from investing activities (excluding capital expenditure nanced through banking facilities) (6,318) (30,321)

Dividends paid (2,569) (2,569)

196,572 224,595

Net cash ow from nancing activities (B)

Interest paid 7,837 10,426

Repayment of bank borrowings 28,108 30,230

35,945 40,656

DSCR: (A) / (B) 5.47 5.52


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33. MATERIAL LITIGATION

On 28 May 2008, The Store (Terengganu) Sdn Bhd (“TST”) (a wholly owned subsidiary of the Company) had led a civil suit in the Kuala Lumpur High Court against ABI Constructions Sdn. Bhd. (“ABI”) due to ABI had

unilaterally terminated the tenancy agreement signed between the two parties and the High Court granted an interim injunction to TST against ABI, restraining ABI from taking any steps to enter into any tenancy relationship with any third party in respect of the demised premises. Consequently, the High Court dissolved the said injunction and ordered an assessment of damages against TST, of which ABI claim for an amount of RM101,180,550 for alleged damage, an amount which, based on the Company’s solicitor’s opinion, was excessive, overstated, unjusti ed and unsustainable over a tenancy dispute and that TST had not started its operations in the demised premises.

On 28 February 2014, the court ruled that ABI has breached the tenancy agreement and ordered to assess the damage by the Registrar and paid to TST accordingly. However, the speci c performance of tenancy claimed by TST was ruled out by the Court and TST has led in an appeal for the speci c performance to Court of Appeal. The case was xed for hearing on 6 January 2016 and was subsequently postponed to a later date.

34. NON-CURRENT ASSETS HELD FOR SALE

The Company had on 27 December 2013 entered into a conditional share sale agreement (“SSA”) with Goldleaf Synergy Sdn. Bhd. for the proposed disposal of 100,000 ordinary shares of RM1.00 each (“Sales Shares”) representing 100% of the issued and paid-up share capital in SB Mall Sdn. Bhd. (“SBM”), for a cash consideration of RM4,500,000 for the Sales Shares and the proposed settlement of intercompany advances owing by SBM to the Company’s subsidiary, The Store (Malaysia) Sdn. Bhd., amounting to RM17,615,401 as at the completion date of the SSA.

The following summarised the net assets disposed of at the disposal date:

Net cash in ow arising from the disposal was as follows:

The non-current assets held for sale were transferred from a subsidiary, The Store (Malaysia) Sdn. Bhd. to SBM and were disposed of together with SBM pursuant to the SSA.


GROUP

2015 2014

RM’000 RM’000

Balance at beginning - 69,676

Disposal - (69,676)

Balance at end - -

RM’000

Property, plant and equipment (Note 4) 21

Trade and other receivables 4,703

Cash and bank balances 3,736

Non-current assets held for sale 69,676

Trade and other payables (22,841)

Borrowing (51,300)

Current tax liabilities (550)

Total identi able net assets 3,445

Less: Disposal consideration (4,500)

Gain on deconsolidation of a subsidiary 1,055

RM’000

Disposal consideration 4,500

Cash and bank balances (3,736)

764


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DISCLOSURES OF REALISED AND UNREALISED PROFITS/LOSSES

The breakdown of retained pro ts of the Group and of the Company as at the end of the reporting period has been prepared by the Directors in accordance with the directives from Bursa Malaysia Securities Berhad stated above and the Guidance on Special Matter No. 1 - Determination of Realised and Unrealised Pro ts or Losses in the Context of Disclosure Pursuant to Bursa Malaysia Securities Berhad Listing Requirements, as issued by the Malaysian Institute of Accountants are as follows:

GROUP COMPANY

2015RM’000

2014RM’000

2015RM’000

2014RM’000

Total retained pro ts of the Company and its subsidiaries :

- Realised 649,547 640,3 15 224,389 224,350

- Unrealised (7,255) (8,069) (162) (1 66)

642,292 632,246 224,227 224,1 84

Less : Consolidation adjustments (235,839) (235,926) - -

Total retained pro ts as per statements of nancial position

406,453 396,320 224,227 224,184


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List Of The Group’s Properties

Date of Acquisition(A)/

Valuation(V) Title Postal Address

Tenure & Yearof expiring

(Approx. age ofbuldings)

Land Area/Built-up

area(sq. ft)

Description(usage)

Net Book Value as

at30.9.15RM’000

The Store Corporation Berhad

25.6.2010 (A) PN 49821, Lot 328, Section 14,Town of Petaling Jaya, District of Petaling, Selangor.

Lot 328, Jalan 51A/223,Seksyen 51A, 46100 Petaling Jaya, Selangor.

Leasehold - 99 years(22.8.2070)(45 years)

64,562(100,928)

4-storey of ce building with basement car park(Of ce Head Quarter)

19,543

2.11.2001 (A) H.S.(D) 165045, PT 9A, Town of Petaling Jaya,District of Petaling, Selangor.

Lot 9A, Jalan 51A/223, Seksyen 51A, 46100 Petaling Jaya, Selangor.


65,340(32,000)

Double storey industry Building

(Warehouse)

6,725

Jurus Kota Sdn Bhd

13.2.2008 (A) H.S.(D) 17605 & 17606PT 9264 & 9265, Town of Alor Setar, District of Kota Setar, Kedah.

G-888 Grd Flr & 1-888 First Flr,Alor Star Mall,Kawasan Perusahaan Tandop Baru, 05400 Alor Star, Kedah

Freehold(13 years)

223,370 2-storey Commercial complex (Business operation)

170,368

Paci c Hypermarket Properties Sdn Bhd

30.3.2007(V) PN 2352, Lot 5659, Parcel B-888, Mukim 1, District of Seberang Perai Tengah, Pulau Pinang.

2828-B-888, Jalan Baru, Bandar Perai Jaya,13600 Seberang Perai Tengah, Pulau Pinang.


198,706 Commerial units within a 5-commercial centre(Business operation)

73,580

Bigever Properties Sdn Bhd

30.3.2007(V) PN 2352, Lot 5659,Parcel G-888 & I-888, Mukim 1, District of Seberang Perai Tengah, Pulau Pinang.

2828-G-888, I-888, Jalan Baru, Bandar Perai Jaya, 13600 Seberang Perai Tengah,Pulau Pinang


1 1 1 ,640 Commerial units within a 5-commercial centre (Business operation)

41,97 1

The Store Holdings Sdn Bhd

4.4.1991 (A) H.S.(D) 55098 & 55099,PT 4 & 5, Sek 91A,Town of Kuala Lumpur.

CV-D2-10-04 Mihajah Condo, Cheras,55200 Kuala Lumpur

Freehold(20 years)

959 Apartment (Vacant)

186

2.2.1993 (A) H.S.(D) 48017 & 48018, No. PT PTB 2484 & 2485, Mukim Bandar PenggaramBatu Pahat, District of Batu Pahat, Johor

46, 48 Jalan Megat, 83000 Batu Pahat, Johor

Freehold(23 years)

3,748(9,240)

3-storeyshophouse

(Hostel)

434

The Store (Sungai Petani) Sdn Bhd

28.9.1987(A) G.M.: 224-225, 228,232-233,329-330 Lot 117, 118, 139, 143, 144, 1331 & 1332, Mukim 09, Distrcit of Seberang Perai Tengah, Pulau Pinang.

- Freehold 245,548 Land(Vacant)

206

22.7.1992(A) PN 393, Lot 48, Seksyen 46, Town of Sungai Petani, District of Kuala Muda, Kedah.

43, Kompleks Seri Temin, Jalan Ibrahim, 08000 Sungei Petani, Kedah


1 ,399(5,300)

4-storeyshophouse

(Store room & Hostel)

207

Taiping Corporation Sdn Bhd

30.7.2007(V) GRN 52151-52153, Lot 70,71 & 72, Town of Tampin, District of Tampin, Negeri Sembilan.

Lot 70, 71 & 72, Jalan Besar, Pekan Tampin, 73000 Tampin, Negeri Sembilan

Freehold(34 years)

7,200(28,061)

4-storeyshophouse complex(Business Operation)

4,490

1983 (A) PN 104584, Lot 6619, Mukim of Asam Kumbang, District of Larut & Matang, Perak.

Lot 6619, Taman Kamunting, 34600 Taiping, Perak

Leasehold - 999 years (19.11.2895)

6,770 Vacant land 206

1983 (A) PN 43348, Lot 2951 & 2952 Town of Taiping, District of Larut & Matang, Perak.

31 & 32 Jalan Convent,34000 Taiping, Perak

Leasehold - 99 years (13.1.2080)(30 years)

3,522(4,044)

2-storey linkhouse(Hostel)

17 7

The Store Properties Sdn Bhd

17.8.1994 (A) H.S.(D) 9730 & 9731, PT No. 7227 & 7228, Town of Mentakab, District of Temerloh, Pahang.

69,71 Jalan Melati,28400 Mentakab , Pahang

Freehold(20 years)

3,003(9,400)

3-storeyshophouse

(Hostel)

655

Taiping Supermarket Holdings Sdn Bhd

24.6.1982 (A) GRN 54287, 54289-54292 Lot 1987-1990, Town of Taiping, District of Larut & Matang, Perak.

67-73,Jalan Panggong Wayang, 34000 Taiping, Perak

Freehold(37 years)

6,859(24, 130)

4-storeyshophouse complex (Business Operation)

3,068


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Land Area/Built-up

area(sq. ft)

Description(usage)

Net Book Value as

at30.9.15RM’000

The Store (Malaysia) Sdn Bhd

13.10.2006 (A) GRN 112711, Lot 4857,Town of Teluk Intan,District of Hilir Perak, Perak.

775, Jalan Ah Cheong,36000 Teluk Intan, Perak

Freehold(20 years)

44,433(17 1 ,756)

4-storeyshopping complex

(Business Operation)

36,560

13.10.2006 (A) H.S.(D) 51488, PT 4704 &H.S.(D) 40557, PT 4619Town of Bandar Penggaram, District of Batu Pahat, Johor.

28B, Jalan Zabedah, 83000 Batu Pahat,Johor

Leasehold - 15 years3.2.2019

(12 years)

88,000 Double Storey commercial building (Business Operation)

2,628

2.4.2010 (V) GRN 35320, Lot 9164N,Town of Ipoh (U),District of Kinta, Perak.

Lot 6427N,Jalan Dato Onn Jaafar, 30300 Ipoh, Perak

Freehold(23 years)

20,000 5-storeyshopping complex

(Business operation)

14,544

13.10.2006 (A) Strata Title PN 12392/M1/7/67, Lot 49501, Seksyen 39, Town of Petaling Jaya, District of Petaling, Selangor.

No. 1, BU8 Level 7,Commercial Signatures of ce, Lebuh Bandar Utama, Bandar Utama, 47800 Petaling Jaya, Selangor

Leasehold - 99 years26.10.2102(9 years)

9,634 8-storeyshop of ce(Vacant)

2,2 1 0

13.10.2006 (A) H.S.(D) 35730,Lot 723, Mukim 1, District of Seberang Perai Tengah, Pulau Pinang.

No. 1321 Jalan Baru, Chai Leng Park 13700 Prai, Pulau Pinang

Freehold(42 years)

3,850 4-storeycommercial building

(Rented to third parties)

2,000

23.2.1976 (A) GRN 26101, Lot 710, Sek. 4, Town of Bukit Mertajam, District of Seberang Perai Tengah, Pulau Pinang.

Lot 710 Section 4 Town of Bukit Mertajam Province Wellesley Center

Freehold(82 years)

9,502(19,000)

2-storey pre-war shophouse


238

13.10.2006 (A) H.S.(D) 13908, PT 13952, Mukim of Asam Kumbang, District of Larut & Matang,Perak.

PT 13952, Jalan Medan Saujana Kamunting, 34600 Taiping, Perak

Leasehold(1.6.2018)(15 years)

133,333 1 1/2 storeycommercial complex (Business Operation)

702

1.4.1993 (A) GRN 9989, Lot No. 3643, Town of Kuala Terengganu, District of Kuala Terengganu, Terengganu.

- Freehold 915 Land(Car park)

94

18.4.1992 (A) GRN 3719 & 3720, Lot 976 & 977, Town of Kuala Terengganu, District of Kuala Terengganu, Terengganu.

- Freehold 44,375 Land(Car park)

1,757

Formyarn Sdn Bhd

23.12.1993 (A) PN 134 - 135, Lot 25168 & 25169, Mukim Batu, Batu 7 3/4, Jalan Kepong,District of Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur.

No 150 & 152, Jalan Susur,Taman Emas kepong, 52100 Kuala Lumpur


1, 195(2,400)

2-storeyshophouse

(Warehouse)

335

Yangtze Corporation Sdn Bhd

26.2.2000 (A) PN (WP) 30031, Lot 57777, Mukim Batu, District of Kuala Lumpur, Wilayah PersekutuanKuala Lumpur.

No. 9, Jalan 11/32B,Batu 6 1/2, Off Jalan Kepong, 50200 Kuala Lumpur


4,200 1 1/2 storeyterrace factory(Warehouse)

569

Fajar Supermarket Sdn Bhd

13.10.2006(A) GRN 37401-37415, Lot 1647-1661, Town of Sitiawan, District of Manjung, Perak.

No. 18-32, Taman Sitiawan Maju, 32000 Sitiawan, Perak.

Freehold(19 years)

25,827 3-storeyshopping complex

(Business operation)

22,391

13.10.2006(A) GRN 28312, Lot 4456Town of Teluk Intan, District of Hilir Perak, Perak.

4, Medan Sri Intan,Jln Sekolah, 36000 Teluk Intan, Perak

Freehold(23 years)

1, 195 3-storey shophouse(Rented to third parties)

400

13.10.2006(A) GRN 18133, Lot PT 6572, Mukim of Town Sungei Buloh,District of Kuala Lumpur, Selangor.

No. 4 Jln SS22/13, Damansara Utama, 47400 Petaling Jaya, Selangor

Freehold(42 years)

1, 610(1,936)

Double StoreyTerrace House

(Hostel)

400

13.10.2006(A) GRN 9997, Lot 152, Pekan Sitiawan, District of Manjung, Perak.

27, Jalan Lumut 32000 Sitiawan, Perak

Freehold(31 years)

2,391 4-storey shoplot(Hostel & Warehouse)

641

Sungei Perak Supermarket Sdn Bhd

13.10.2006(A) GRN 31655,Lot No. 1638, Town of Tupai, District of Larut & Matang, Perak.

24, Lorong Tupai 34000 Taiping, Perak

Freehold(21 years)

1,609 4-storey shop of ce(Warehouse)

526



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area(sq. ft)

Description(usage)

Net Book Value as

at30.9.15RM’000

Fajar Supermarket (Butterworth) Sdn Bhd

13.10.2006(A) H.S.(D) 1641, PT No. PTBM/A/1165, Mukim 1, District of Seberang Perai Tengah, Pulau Pinang.

No. 23 Lintang Kalui, B Bandar Seberang Jaya, 13700 Perai, Pulau Pinang


3,689 Double StoreyTerrace House

(Vacant)

235

Fajar Supermarket (Upper Perak) Sdn Bhd

13.10.2006(A) GRN 33669-33672, Lot No. 344 to 347, Town of Kuala Kangsar,District of Kuala Kangsar, Perak.

71A - 71D, Jalan Kangsar, 33000 Kuala Kangsar,Perak

Freehold(20 years)

6,070 4-storey terraced shops (Business operation)

2,226

13.10.2006(A) GRN 34324, Lot 222, Town of Kuala Kangsar, District of Kuala Kangsar, Perak.

No. 73, Jln Kangsar33000 Kuala Langsar,Perak

Freehold(20 years)

63, 434 Single Storey Commercial Complex

(Warehouse & car park)

4,100

Bintang Aspek Sdn Bhd

13.10.2006(A) 1) GRN 37416 - 37419, Lot 1662 - 16652) GRN 37235 - 37240, Lot 1666 - 16713) GRN 37420 - 37425, Lot 2046 - 2051, Town of Sitiawan, District of Manjung, Perak.

- Freehold(21 years)

13,777 Land(Car Park)

1,320

Fajar Retail Enterprise Sdn Bhd

13.10.2006(A) PN 4628-4632, Lot 317-321, Town of Sungai Siput, District of Kuala Kangsar, Perak.

No. 153-157, Jalan Besar, 31100 Sungai Siput, Perak


8,736 3-storey shophouses(Business Operation)

1,701

Larut Matang Supermarket Holdings Berhad

13.10.2006(A) PN 4625, Lot 314, Town of Sg Siput,District of Kuala Kangsar, Perak.

160, Jalan Besar, 31100 Sungai Siput, Perak.


1,604 3-storey shophouses(Hostel & warehouse)

3 1 9

13.10.2006(A) PN 106606, Lot 33606, Mukim of Sitiawan, District of Manjung, Perak.

35, Taman Sentosa, 32000 Sitiawan, Perak.


1,500 Double storey shophouse

(Rented to third party)

323

13.10.2006(A) GRN 17343, Lot 1637, Mukim Tupai, District of Larut, Perak.

Lot 1637, Lorong Tupai,34000 Taiping, Perak

Freehold 1,609 Land(Vacant)

220

Milimewa Superstore Sdn Bhd

12.5.2005(V) Master Title No.: TL 117507098Lot L201 - L207 & L226 - L238,District of Lahad Datu, Sabah

Level 2 & 3, Centre Point Shopping Complex,Jalan Kastam Lama,91100 Lahad Datu, Sabah


6,958 Shoplots(Business Operation)

1,679

12.5.2005(V) TL: 127503155, Lot 20, District of Semporna, Sabah.

Lot 1-6, Semporna New Town Centre, Jalan Panglima Abdullah, 91308 Semporna, Sabah

Leasehold - 99 years(29.06.2035)

(16 years)

1 ,227 2-storeyshophouse


182

12.5.2005(V) Master Title No.: TL 077526562, Lot 41, District of Sandakan, Sabah.

Lot 15-19, Centre Point Mall,Jalan Pryer, 90000 Sandakan, Sabah




55

12.5.2005(V) CL: 135355869, Lot D7, District of Keningau, Sabah.

Lot 3-10, Yee Shing Commercial Complex, Phase 2, 89007 Keningau, Sabah.




443

12.5.2005(V) CL: 135336328 & 135336337Lot 56 & 57, District of Keningau, Sabah.

Lot 56 & 57, Taman Golfview, Jalan Masak, 89007 Keningau, Sabah


12,304 2-unitsdetached house

(Store room & Hoste)

154

12.5.2005(V) Lease No.: 015322193, Lot 21, District of Kota Kinabalu, Sabah.

Lot 26-27, Bornion Centre, Taman Foh Sang, 88836 Luyang, Kota Kinabalu Sabah


3,964 Semi detached house (Hostel)

143

12.5.2005(V) Title No. 215415820, Lot 33-36, Beverly Hill Plaza, Jalan Bundasan,District of Penampang, Kota Kinabalu, Sabah.

Lot 33-36, Ground - 2nd Floor,Beverly Hill Plaza, Jalan Bundusan, 88300 Penampang, Kota Kinabalu, Sabah

Leasehold - 999 years(14.02.2926)

(19 years)

19,200 4-storey shoplots(Of ce HQ - KK)

2,413

12.5.2005(V) TL: 247501293, 247501284, 247501275, 247501266 & 247501257 Lot No. D4 - D8, District of Kunak, Sabah.

Lot D3-D8, Kunak Plaza, Jalan Sungai Atas,91207 Kunak, Sabah.


15,000 2-storey shophouse(Vacant)

477


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SHARE CAPITAL

Authorised Share Capital : RM88,000,000Issued & Paid-Up Capital : RM68,503,602Class of Shares : Ordinary Shares of RM1.00 eachVoting Rights : One vote per shareholder on a show of hands One vote per Ordinary Share on a poll

DISTRIBUTION OF SHAREHOLDING

Holdings No. of Holders % Total Holdings % Less than 100 shares 57 5.07 1,998 0.00100 to 1,000 135 12.01 61,885 0.091,001 to 10,000 813 72.33 1 ,757,219 2.5810,001 to 100,000 83 7.39 2,237,152 3.28100,001 to less than 5% of issued shares 35 3. 1 1 49,542,51 8 72.325% and above of issued shares 1 0.09 14,902,830 2 1.76

TOTAL 1,124 100 68,503,602 100.00

SUBSTANTIAL SHAREHOLDERSas at 29 January 2016

Name of shareholders No. of Shares held

Direct % Deemed %

1. Tan Sri Dato’ Sri Tang Yeam Soon (“TSDSTYS”) 3,028,300 4.42 16,269,030* 23.75

2. Puan Sri Datin Sri Khor Guik Lee (“PSDSKGL”) 1,366,200 1.99 17,931,130@ 26. 17

3. Equatorial Century Sdn Bhd (“ECSB”) 14,902,830 21.75 - -

4. Tan Sri Dato' Seri Vincent Tan Chee Yioun 1,898,600 2.77 5,347,800^ 7.80

5. Berjaya Philippines Inc. 3,030,000 4.42 - -

6. Berjaya Corporation Bhd - - 3,913,100# 5 .7 1

7. Berjaya Group Berhad - - 3,913,100# 5 .7 1

8. Juara Sejati Sdn Bhd - - 3,913,100# 5 .7 1

DIRECTORS’ SHAREHOLDINGas at 29 January 2016

No. of Shares held

Direct % Deemed %

1. Tan Sri Dato’ Sri Tang Yeam Soon 3,028,300 4.42 16,269,030* 23.75

2. Puan Sri Datin Sri Khor Guik Lee 1,366,200 1.99 17,931 ,130@ 26.18

3. Chang Yen Huei 1,100 0.00 2,640,000& 3.85

4. Dato’ Dr Haji Kardin bin Shukor 11,000 0.02 - -

Notes:* Deemed interested by virtue of his major shareholdings in ECSB pursuant to Section 6(A) of the Companies Act, 1965 and through his

wife, PSDSKGL@ Deemed interested by virtue of her major shareholdings in ECSB pursuant to Section 6(A) of the Companies Act, 1965 and through her

husband, TSDSTYS& Deemed interested by virtue of his substantial shareholding in Advance Ultimate Sdn Bhd pursuant to Section 6(A) of the Companies

Act, 1965^ Deemed interested by virtue of his substantial shareholdings in Premier Merchandise Sdn Bhd, Primes Credit Leasing Sdn Bhd and

Berjaya Philippines Inc. pursuant to Section 6(A) of the Companies Act, 1965# Deemed interested by virtue of its interest in Berjaya Philippines Inc. and Prime Credit Leasing Sdn Bhd pursuant to Section 6(A) of the

Companies Act, 1965

Analysis Of Shareholdingsas at 29 January 2016


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List Of Thirty Largest Shareholdersas at 29 January 2016

NAME & ADDRESS OF SHAREHOLDERS No. Of Shares held %

1. EQUATORIAL CENTURY SDN BHD 14,902,830 2 1 .75

2. MIDF AMANAH INVESTMENT NOMINEES (TEMPATAN) SDN BHD Pledged securities account for Megastar Ventures Sdn Bhd 3,420,000 4.99

3. SURPLUS-ED CAPITAL SDN BHD 3,41 1 ,400 4.98

4. NICETRADE CAPITAL SDN BHD 3,274,700 4.78

5. AFFIN HWANG NOMINESS (TEMPATAN) SDN BHD Pledged securities account for Amlied Holdings Sdn Bhd 3,190,000 4.66

6. KAF NOMINEES (TEMPATAN) SDN BHD Pledged securities account for Priority Prospect Sdn Bhd 3,072,300 4.48

7. INTER-PACIFIC EQUITY NOMINEES (ASING) SDN BHDBerjaya Philippines Inc 3,030,000 4.42

8. TAN SRI DATO’ SRI TANG YEAM SOON 3,028,300 4.42

9. ADVANCE ULTIMATE SDN BHD 2,640,000 3.85

10. MAYBAN NOMINEES (TEMPATAN) SDN BHD Pledged securities account for BBC Capital Sdn Bhd 2,304,910 3.36

11. ABB NOMINEE (TEMPATAN) SDN BHD Pledged securities account for Vincent Tan Chee Yioun 1,898,600 2.77

12. NUSRAYA HOLDINGS SDN BHD 1,827,300 2.67

13. AFFIN HWANG NOMINEES (TEMPATAN) SDN BHDPledged securities account for Perspektif Bakti Sdn Bhd 1,761,590 2.57

14. PAN PROSPERITY HOLDINGS SDN BHD 1,673,150 2.44

15. AFFIN HWANG NOMINEES (TEMPATAN) SDN BHDPledged securities account for Pan Prosperity Holdings Sdn Bhd 1,651,400 2.41

16. PERSPEKTIF BAKTI SDN BHD 1,605,100 2.34

17. AMSEC NOMINEES (TEMPATAN) SDN BHDPledged securities account-Ambank (M) Berhad for Premier Merchandise Sdn Bhd 1,434,700 2.09

18. PUAN SRI DATIN SRI KHOR GUIK LEE 1,365,100 1 .99

19. INTER-PACIFIC EQUITY NOMINEES (TEMPATAN) SDN BHDPledged securities account for Lye Ek Seang 1,359,900 1 .99

20. MAYBAN NOMINEES (TEMPATAN) SDN BHD Pledged securities account for Azam Spektrum Sdn Bhd 1,276,400 1 .86

21. MAYBAN NOMINEES (TEMPATAN) SDN BHD Pledged securities account for Pancaran Kurnia Sdn Bhd 1,233,000 1 .80

22. MALAYSIA NOMINEES (TEMPATAN) SENDIRIAN BERHAD For Great Eastern Life Assurance (Malaysia) Berhad 630,600 0.92

23. PUBLIC NOMINEES (TEMPATAN) SDN BHD Pledged securities account for Surinder Singh A/L Wassan Singh 567,000 0.83

24. CIMB GROUP NOMINEES (TEMPATAN) SDN BHD Pledged securities account for Prime Credit Leasing Sdn Bhd 489,700 0.71

25. WONG YEE CHOO 486,200 0.71

26. TAN KIM KEE @ TAN KEE 401,800 0.59

27. MIDF AMANAH INVESTMENT NOMINEES (TEMPATAN) SDN BHDPledged securities account for Arsam Bin Damis 400,000 0.58

28. PRIME CREDIT LEASING SDN BHD 393,400 0.57

29. KAM TEH CHUNG 352,955 0.52

30. MAK LAI YIN 274,0 1 3 0.40


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Notice ofAnnual GeneralMeeting


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NOTICE IS HEREBY GIVEN that the Twenty-Third (23rd) Annual General Meeting of the Company will be held at Crown Hall 1, Level 1, The Crystal Crown Hotel, Petaling Jaya, No. 12 Lorong Utara A, Off Jalan Utara, 46200 Petaling Jaya, Selangor on Friday, 18 March 2016 at 10.00 a.m for the following purposes:

Agenda

1. To receive the audited nancial statements of the Company for the nancial year ended 30 September 2015 together with the reports of the Directors and Auditors thereon.

Refer to explanatory note 1

2. To approve the payment of a First and Final Single-Tier Dividend of 3.75% in respect of the nancial year ended 30 September 2015.

Resolution 1

3. To ratify and approve the payment of Directors’ Fees for the nancial year ended 30 September 2015. Resolution 2

4. To re-elect the following directors who retire in accordance with the provisions of the Company’s Articles of Association:

a) Dato’ Sri Md Kamal bin Bilal Resolution 3

b) Puan Sri Datin Sri Khor Guik Lee Resolution 4

5. To consider and, if thought t, pass the following resolution pursuant to Section 129(6) of the Companies Act, 1965:

“That Dato’ Dr. Haji Kardin bin Haji Shukor (a director retiring in compliance with Section 129 of the Companies Act, 1965, being over the age of seventy years) be and is hereby re-appointed a director of the Company to hold of ce until the next Annual General Meeting.” Resolution 5

6. To re-appoint Messrs Grant Thornton as Auditors of the Company for the ensuing year and to authorise the Board of Directors to x their remuneration.

Resolution 6

7. To transact any other ordinary business of which due notice shall have been given.

As Special Business

To consider and, if thought t, to pass the following resolutions as ordinary resolutions:

8. PROPOSED RETENTION OF INDEPENDENT DIRECTORS

“THAT approval be and is hereby given to retain the following directors who have each served as independent directors of the Company for more than nine (9) years, as independent directors in accordance with the Malaysian Code on Corporate Governance 2012 :

a) Dato’ Sri Md Kamal bin Bilal (subject to the passing of Resolution 3) Resolution 7

b) Dato’ Dr. Haji Kardin bin Haji Shukor (subject to the passing of Resolution 5) Resolution 8

c) Lim Gin Chuan Resolution 9

d) Yeoh Chong Keng Resolution 10

9. AUTHORITY TO ALLOT AND ISSUE SHARES PURSUANT TO SECTION 132D OF THE COMPANIES ACT, 1965

“THAT subject always to the Companies Act, 1965, the Articles of Association of the Company and the approvals of the relevant governmental and regulatory authorities, the directors be and are hereby empowered pursuant to Section 132D of the Companies Act, 1965, to issue shares in the Company at any time and upon such terms and conditions for such purposes as the directors may, in their absolute discretion, deem t, provided that the aggregate number of shares issued pursuant to this resolution does not exceed 10% of the issued capital of the Company for the time being and that the directors be and are also empowered to obtain the approval for the listing of and quotation for additional shares so issued on Bursa Malaysia Securities Berhad and that such authority shall continue in force until the conclusion of the next Annual General Meeting of the Company.” Resolution 11

10. PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES

“THAT, subject to the Companies Act, 1965 (as may be amended, modi ed or re-enacted from time to time), the Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Malaysia”), the Company’s Articles of Association and all other applicable laws, regulations and guidelines and the approvals of all relevant government and/or regulatory authorities, the Company be and is hereby authorised to purchase such number of ordinary shares of RM1.00 each in the Company (“Proposed Share Buyback”) as may be determined by the directors of the Company from time to time through Bursa Malaysia as the directors may deem t in the best interest of the Company provided that the

Notice Of Annual General Meeting


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aggregate number of shares purchased and/or held pursuant to this resolution does not exceed ten per centum (10%) of the total issued and paid-up share capital of the Company at any point of time of the said purchase(s) and the maximum number of shares which may be purchased by the Company shall not exceed 6,850,360 shares.

AND THAT, upon completion of the purchase by the Company of its own shares (“The Store Shares”), the directors are authorised to retain The Store Shares as treasury shares or cancel The Store Shares or retain part of The Store Shares as treasury shares and cancel the remainder. The directors are further authorised to resell the treasury shares on Bursa Malaysia or distribute the treasury shares as dividends to the Company’s shareholders or subsequently cancel the treasury shares or any combination of the three.

AND FURTHER THAT such authority shall be effective immediately upon passing of this resolution and will continue in force until:

(i) the conclusion of the next Annual General Meeting of the Company following the general meeting at which such resolution was passed at which time it shall lapse unless by ordinary resolution passed at that meeting, the authority is renewed, either unconditionally or subject to conditions;

(ii) the expiration of the period within which the next Annual General Meeting after that date is required by law to be held; or

(iii) revoked or varied by ordinary resolution passed by the shareholders in a general meeting;

whichever occurs rst but not so as to prejudice the completion of purchase(s) by the Company before the aforesaid expiry date.

AND FURTHER THAT the directors of the Company be and are authorized to take all steps as are necessary and/or to do all such acts and things as the directors deem t and expedient in the best interest of the Company to give full effect to the Proposed Share Buyback with full powers to assent to any condition, modi cation, revaluation, variation and/or amendment (if any) as may be imposed by the relevant authorities.” Resolution 12

11. PROPOSED RENEWAL OF SHAREHOLDERS’ MANDATE FOR EXISTING RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE NATURE

“THAT, subject always to the provisions of the Listing Requirements of Bursa Malaysia Securities Berhad, approval be and is hereby given to the Company and its wholly-owned subsidiaries, Paci c Hypermarket & Departmental Store Sdn Bhd and Paci c Bowling Sdn Bhd, to enter into and give effect to speci ed recurrent related party transaction of a revenue nature with speci ed classes of Related Parties as speci ed in Section 3.2 of the Circular to shareholders dated 25 February 2016 which are necessary for the day to day operations and/or in the ordinary course of business of the Group and are carried out at arms’ length basis on normal commercial terms and on transaction price and terms which are not more favourable to the Related Parties than those generally available to the public and are not detrimental to the minority shareholders of the Company and such mandate shall continue to be in force until:

(i) the conclusion of the next Annual General Meeting of the Company at which time it will lapse, unless by a resolution passed at that meeting, the authority is renewed; or

(ii) the expiration of the period within which the next Annual General Meeting after the date it is required to be held pursuant to Section 143(1) of the Companies Act, 1965 (“Act”) (but shall not extend to such extension as may be allowed pursuant to Section 143(2) of the Act); or

(iii) revoked or varied by resolution passed by the shareholders in a general meeting,

whichever is the earlier, and

THAT authority be and is hereby given to the directors of the Company and its subsidiaries to complete and do such acts and things as they may consider necessary or expedient in the best interest of the Company (including executing all such documents as may be required) to give effect to the transactions contemplated and/or authorised by this Ordinary Resolution.” Resolution 13

12. PROPOSED SHAREHOLDERS’ MANDATE FOR ADDITIONAL RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE NATURE

“THAT, subject always to the provisions of the Listing Requirements of Bursa Malaysia Securities Berhad, approval be and is hereby given to the Company and its wholly-owned subsidiary, Paci c Hypermarket & Departmental Store Sdn Bhd to enter into and give effect to additional recurrent related party transaction of a revenue nature with speci ed classes of Related Parties as speci ed in Section 3.2 of the Circular to shareholders dated 25 February 2016 which are necessary for the day to day operations of the Group provide that:

i) The transactions are carried out in the ordinary course of business and are at arms’ length basis on normal commercial terms and on transaction price and terms which are not more favourable to the Related Parties than those generally to the public and are not detrimental to minority shareholders;

ii) disclosure is made in the annual report of the breakdown of the aggregate value of transactions conducted pursuant to the shareholders’ mandate during the nancial year.

Notice Of Annual General Meeting (cont’d)


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NOTICE IS ALSO HEREBY GIVEN that the First and Final Single-Tier dividend of 3.75%, in respect of the nancial year ended 30 September 2015, if approved, will be payable on 9 June 2016 to depositors who are registered in the Record of Depositors at the close of business on 13 May 2016.

A Depositor shall qualify for entitlement only in respect of:-

a) Shares transferred to the Depositor’s Securities Account before 4.00 p.m. on 13 May 2016 in respect of ordinary transfers; and

b) Shares bought on Bursa Malaysia Securities Berhad on a cum entitlement basis according to the Rules of Bursa Malaysia Securities Berhad.

By Order of the Board

LEE WAI NGAN (Ms) (LS 00184)HWONG PIK HUA (Ms) (MAICSA 7027798)SecretariesKuala Lumpur

Date : 25 February 2016

Notes:

1) Item 1 of the Agenda

To receive the audited nancial statements of the Company for the nancial year ended 30 September 2015 together with the reports of the Directors and Auditors thereon.

This item is meant for discussion only as the provision of Section 169(1) of the Companies Act, 1965 does not require shareholders’ approval for the audited nancial statements. Therefore, this item will not be put forward for voting.

2) Members’ entitled to Attend

For purpose of determining who shall be entitled to attend this meeting, only members whose names appear on the Record of Depositors as at 14 March 2016 shall be entitled to attend, speak and vote at this meeting.

3) Appointment of Proxy

i) A member is entitled to appoint not more than two proxies to attend at the same meeting. Where a member appoints more than one proxy, the appointment shall be invalid unless he speci es the proportion of his shareholdings to be represented by each proxy.

Notice of Dividend Entitlement and Payment

AND THAT the authority conferred by such mandate shall commence immediately upon the passing of this ordinary resolution and continue to be in force until:

(i) the conclusion of the next Annual General Meeting of the Company at which time it will lapse, unless by a resolution passed at that meeting, the authority is renewed; or

(ii) the expiration of the period within which the next Annual General Meeting after the date it is required to be held pursuant to Section 143(1) of the Companies Act, 1965 (“Act”) (but shall not extend to such extension as may be allowed pursuant to Section 143(2) of the Act); or

(iii) revoked or varied by resolution passed by the shareholders in a general meeting,

whichever is the earlier, and

THAT authority be and is hereby given to the directors of the Company and its subsidiary to complete and do such acts and things as they may consider necessary or expedient in the best interest of the Company (including executing all such documents as may be required) to give effect to the transactions contemplated and/or authorized by this Ordinary Resolution.” Resolution 14

Notice Of Annual General Meeting (cont’d)


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ii) For a member which is an exempt authorized nominee, as de ned under Securities Industries (Central Depositors) Act, 1991, there is no limit to the number of proxies which the exempt authorised nominee may appoint in respect of each omnibus account it holds.

iii) A proxy need not be a member of the Company and the provision of Section 149(1) (b) of the Companies Act, 1965 shall not apply to the Company.

iv) If the appointer is a corporation, the instrument appointing a proxy must be under its common seal or under the hand of an of cer or attorney duly authorised.

v) The instrument appointing a proxy must be deposited at the Company’s Registered Of ce at Plaza 138, Suite

18.03, 18th Floor, 138 Jalan Ampang, 50450 Kuala Lumpur not less than 48 hours before the time appointed for holding the meeting or any adjournment thereof.

4) Special Business

i) Proposed Retention Of Independent Directors

The proposed Ordinary Resolution No. 7 to 10, if passed, will allow the independent directors to be retained and continue acting as an independent director to ful ll the requirements of Paragraph 3.04 of the Main Market Listing Requirements and in line with the recommendation No. 3.2 and 3.3 of the Malaysian Code on Corporate Governance 2012. The full details of the justi cation and recommendations for the retention is set out in the Statement of Corporate Governance in the Annual Report 2015.

ii) Proposed Authority to Allot and Issue Shares Pursuant to Section 132D of the Companies Act, 1965

The proposed adoption of the Ordinary Resolution No. 11, if passed, will authorise the directors to issue shares up to 10% of the issued and paid-up capital of the Company for the time being for such purposes as the directors consider would be in the best interest of the Company. The purpose for the renewal of a general mandate is to avoid any delay and costs in convening a general meeting to speci cally approve such an issue of shares for any possible fund raising activities (excluding placing of shares) for the purpose of funding future investment projects, additional working capital etc.

This authority, unless revoked or varied at a general meeting, will expire at the next Annual General Meeting of the Company.

The Company did not issue any new shares pursuant to the mandate granted to the directors at the last Annual General Meeting held on 27 March 2015 and which will lapse at the conclusion of the forthcoming Annual General Meeting.

iii) Proposed Renewal Of Authority For The Company to Purchase Its Own Shares

The proposed adoption of the Ordinary Resolution No.12, if passed, will prepare the Company with a further option to utilize our nancial resource more ef ciently. It is also intended to stabilize the supply and demand as well as the Company’s share prices.

The mandate shall continue to be in force until the date of the next Annual General Meeting of the Company unless earlier revoked or varied by ordinary resolution of the Company in a general meeting and is subject to annual renewal.

Further information on this resolution is set out in the Share Buyback Statement dated 25 February 2016,

despatched together with this Annual Report.

iv) Proposed Renewal of Shareholders’ Mandate For Existing and Additional Shareholders’ Mandate for Recurrent Related Party Transactions Of A Revenue Nature

The proposed adoption of the Ordinary Resolution No. 13 & 14, if passed, will enable the Group to enter into recurrent transactions involving the interests of related parties, which are of a revenue nature and necessary for the Group’s day-to-day operations, subject to the transactions being carried out in the ordinary course of business and on terms not to the detriment of the minority shareholders of the Group.

The procurement of the proposed renewal of shareholders’ mandate would reduce substantially administrative time, effort and expenses associated with the convening of separate general meeting to seek shareholders’ approval as and when potential recurrent related party transactions percentage ratios is equal or exceeds 5% as prescribed in Chapter 10 of the Listing Requirements.

Further information on these resolutions are set out in the Circular to shareholders dated 25 February 2016, despatched together with this Annual Report.


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PROXY FORM

THE STORE CORPORATION BERHAD(Incorporated In Malaysia)

(252670-P)

I /We (full name) ___________________________________________________________________________________________________

of (full address) _____________________________________________________________________________________________________

being a member(s) of THE STORE CORPORATION BERHAD (252670-P), hereby appoint

(full name and NRIC No.)______________________________________________________________________________________________

and/or_____________________________________________________________________________________________________________or failing him/her, the Chairman of the Meeting as my/our proxy, to attend and vote for me/us and on my/our behalf at the Twenty-Third (23rd) Annual General Meeting of the Company to be held at Crown Hall 1, Level 1, The Crystal Crown Hotel Petaling Jaya, No. 12, Lorong Utara A, Off Jalan Utara, 46200 Petaling Jaya, Selangor on Friday, 18 March 2016 at 10.00 a.m or at any adjournment thereof, and to vote as indicated below :

Please indicate with an ‘X’ in the space below how you wish your votes to be cast.(If you do not do so, your Proxy will vote or abstain from voting at his/her discretion).

RESOLUTION FOR AGAINST

1. Payment of First and Final Dividend

2. Payment of Directors’ Fees

3. Re-election of Director: Dato’ Sri Md Kamal bin Bilal

4. Re-election of Director: Puan Sri Datin Sri Khor Guik Lee

5. Re-election of Dato’ Dr. Haji Kardin bin Haji Shukor under Section 129 (6) of the Companies Act, 1965

6. Re-appointment of auditors

7. Proposed retention of Independent Director: Dato’ Sri Md Kamal bin Bilal (subject to passing of Resolution 3)

8. Proposed retention of Independent Director: Dato’ Dr Haji Kardin bin Haji Shukor (subject to passing of Resolution 5)

9. Proposed retention of Independent Director: Lim Gin Chuan

10. Proposed retention of Independent Director : Yeoh Chong Keng

11. Authority under Section 132D of the Companies Act, 1965

12. Proposed Renewal of shareholders’ authority for the Company to purchase its own shares

13. Proposed renewal of shareholders’ mandate for existing recurrent related party transactions of revenue nature.

14. Proposed shareholders’ mandate for additional recurrent related party transactions of revenue nature.

As witness my/our hands this _________ day of ___________________ 2016

In the event that more than one proxy are appointed, the percentage of shareholding to be represented by each is as follows:

Number of Shares/%

First Proxy

Second Proxy

Total ____________________________________ Signature/common seal of Shareholder(s)Note : Members Entitled To Attend For purpose of determining who shall be entitled to attend this meeting, only members whose names appear on the Record of Depositors as at 14 March 2016 shall be entitled to attend, speak and vote at this meeting.

Appointment of Proxy i) A member is entitled to appoint not more than two proxies to attend at the same meeting. Where a member appoints more than one proxy, the

appointment shall be invalid unless he speci es the proportion of his shareholdings to be represented by each proxy.ii) For a member which is an exempt authorized nominee, as de ned under Securities Industries (Central Depositors) Act, 1991, there is no limit to the

number of proxies which the exempt authorised nominee may appoint in respect of each omnibus account it holds. iii) A proxy need not be a member of the Company and the provision of Section 149(1) (b) of the Companies Act, 1965 shall not apply to the Company. iv) If the appointer is a corporation, the instrument appointing a proxy must be under its common seal or under the hand of an of cer or attorney duly

authorised. v) The instrument appointing a proxy must be deposited at the Company’s Registered Of ce at Plaza 138, Suite 18.03, 18th Floor, 138 Jalan Ampang,

50450 Kuala Lumpur not less than 48 hours before the time appointed for holding the meeting or any adjournment thereof.


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1 ANNUAL REPORT 2015 - tstore.com.my · 2017. 4. 19. · GONG XI FA CAI FANTASTIC REWARDS” Every...

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