menara uncang emas, · 2020. 8. 8. · 20 -b´ chun chow khoon first p.p marketing sdn bhd 35 21 kw...

$: Menara Uncang Emas, · 2020. 8. 8. · 20 -B´ Chun Chow Khoon First P.P Marketing Sdn Bhd 35 21 Kw iTan Seen Kee Writebest Manufacturing Sdn Bhd 32 22 Æ \ Lim Chow Hoe Kuretake$

1

Unit No. B-10-5, Level 12, Block B, Menara Uncang Emas, No. 85, Jalan Loke Yew, 55200, Kuala Lumpur.

: +603-9200 9988: +603-9200 4566: www.sklsba.org.my: [email protected]

/To /All Valued Life Members

2020 NOTICE OF THE 2020 ANNUAL GENERAL MEETING

No ce is hereby given that the 2020 AGM will be held on 22nd Aug 2020 (Saturday), 11.00am at Hee Lai Ton Restaurant (Pudu). All members are cordially invited to a end.

Agenda

01. 01. Speech by The President

02. (19/05/2019)02. Discuss and Approve Minutes of Last Year’s AGM

(19 May 2019)

03. 2020 03. Discuss and Approve 2020 Annual Report

04. 2019 04. Discuss and Approve audited FinancialStatement 2019

05. 05. Discuss and Approve submi ed proposal

06. 06. Other ma ers

(President) (Tan Chee Kan)

(Honorary Secretary) (Tan Chong Ong)

2020 8 3

2

Unit No. B-10-5, Level 12, Block B, Menara Uncang Emas, No. 85, Jalan Loke Yew, 55200, Kuala Lumpur.

: +603-9200 9988 : +603-9200 4566 : www.sklsba.org.my : [email protected]

Mesyuarat Agung Tahunan Bagi Tahun 2019 Persatuan Penjual Alatulis & Buku Selangor & Kuala Lumpur Senarai Kehadiran Ahli

2019 2019 Annual General Meeting Attendees List

/Date: 2019 5 19 ( ) 19th May 2019 (Sunday) /Time: 11 11:00 AM

/Venue: SKLSBA Hall

/No. A endees: 65 65 Members 65 65 Members

01. Kuretake Marke Sdn Bhd 02. Federal Sta & Publishing Co. Sdn Bhd03. Envopac Packaging Specialist 04. Sanyu Supply Sdn Bhd 05. Artmax (M) Sdn Bhd 06. Makmur Educa Supplies Sdn Bhd07. Kohwai & Young Publica ons (M) Sdn Bhd 08. Motomax Industries Sdn Bhd 09. Mychem Sdn Bhd 10. Gelang Tiga Sdn Bhd11. Yau Hwa Marke Sdn Bhd 12. Lucky Sta onery Co. Sdn Bhd 13. Lian Wah Sta oners & Papers Sdn Bhd 14. Paci c Wise Sdn Bhd 15. Totco Trading Sdn Bhd 16. MKP Trade Corpora Sdn Bhd 17. BQF Sta 18. H&H Sta onery Sdn Bhd 19. Woon Ming Sta Suppliers 20. A E Stamp Sdn Bhd21. You Lin Sta onery Enterprise Sdn Bhd 22. Becon Enterprise Sdn Bhd 23. Percetakan Printpack Sdn Bhd 24. Syamaltra Sdn Bhd25. Ace Binding Supplies (M) Sdn Bhd 26. Asaba Marke (M) Sdn Bhd 27. New Era Enterprises Sdn Bhd 28. Writebest Manufacturing Sdn Bhd 29. Chung Keu Enterprise Sdn Bhd 30. Chung Boon Enterprise Sdn Bhd 31. U Trading & Supplies Sdn Bhd 32. Sun Master Fancy Paper Sdn Bhd 33. Eastern File (M) Sdn Bhd 34. Ngee Huat PVC Files Sdn Bhd 35. Prosperin Marke Sdn Bhd 36. Digital World Dist (KL) Sdn Bhd37. Best Express Marke Sdn Bhd 38. Nikkisia Industries Sdn Bhd 39. Flexzeco O ce Sta Sdn Bhd 40. O celine Sta Trading41. Well Sta Mart Sdn Bhd 42. Lian Hing Sta Trading 43. First P. P. Marke Sdn Bhd 44. Emi-File (M) Sdn Bhd 45. Seng Hing 46. B-Pen Plas Sdn Bhd 47. Emas Sigma Sdn Bhd 48. Aepco Fastprint Sdn Bhd 49. KB Products Sdn Bhd 50. Winsin Trading Sdn Bhd 51. Kuala Lumpur Sta 52. Winsin Sta Sdn Bhd 53. Preman Jaya Sdn Bhd 54. Yiwubaba Sdn Bhd55. Advanco Company 56. Rainbow Paper Supplies Sdn Bhd 57. K.A. Fazal Enterprises Sdn Bhd 58. Minly Paper Sdn Bhd 59. Kindai Corpora Sdn Bhd 60. Canon Marke (M) Sdn Bhd 61. Wing Loong Sta oners Sdn Bhd 62. Eve Marke (KL) Sdn Bhd 63. M March Trading Sdn Bhd 64. Western Eastern Sta Sdn Bhd 65. Lian Tick Enterprise Lian Tick Enterprise

3

2019

/Date : 2019 5 19 ( ) 19th May 2019 (Sunday)

/Time : 11 11:00 AM

/Venue : SKLSBA Hall

11 65

1. :

3. 2018 (2018 4 17 2019 4 9 )3.1 AMP 2018

3.2 2018/2019

4

4. YYC & Co 2018 (2018 1 1 2018 12 31 )4.1 2018 2018

4.2 2018

5.

6.

7.

26 212019 2021

24 2019/2021 65 7 :Name Company Name

1 See Kwee Chong Officeline Stationery Trading 58

2 Adeline Kee Chern Mei U Trading & Supplies Sdn Bhd 58

3 Tan Chee Kan Artmax (M) Sdn Bhd 57

4 Wee Chin Ping Winsin Stationery Sdn Bhd 57

5 Gan Kai Kheong Lucky Stationery Co. Sdn Bhd 57

6 Tey Beng Kun Well Stationery Mart Sdn Bhd 57

7 AMP Tan Chong Ong AMP Totco Trading Sdn Bhd 56

8 Liew Pit Huat Gelang Tiga Sdn Bhd 56

9 Chan Kum Chung Rainbow Paper Supplies Sdn Bhd 56

10 Ngew See Hing Seng Hing 56

11 Leong Shui Ping Lian Wah Stationers & Papers Sdn Bhd 55

12 Poon Wai Deng Emas Sigma Sdn Bhd 55

13 Lau Chee Hoong Wing Loong Stationers Sdn Bhd 54

14 Lee Woon Ching Woon Ming Stationery Suppliers 53

15 Lim Chern Hoo Chung Keu Enterprise Sdn Bhd 51

16 Fong Yoon Kong Motomax Industries Sdn Bhd 51

17 Yeoh Kian Siong Envopac Packaging Specialist 4718 Guan Swee Leong Makmur Education Supplies Sdn Bhd 4619 PPN Koh Toong Leong PPN Eastern File (M) Sdn Bhd 4620 Chun Chow Khoon First P.P Marketing Sdn Bhd 3521 Tan Seen Kee Writebest Manufacturing Sdn Bhd 3222 Lim Chow Hoe Kuretake Marketing Sdn Bhd 3023 Lee Sai Foh Best Express Marketing Sdn Bhd 3024 Dato Law Ban Seng Yiwubaba Sdn Bhd 26

25 Lye Charng Jeng Digital World Distribution (KL) Sdn Bhd 20

26 Guan Chin Tat Pacific Wise Sdn Bhd 19

5

2019 5 28 ( ) 4 24 2019/2021

8.

1 35

6

Unit No. B 10 5, Level 12, Block B,Menara Uncang Emas,No. 85, Jalan Loke Yew,55200, Kuala Lumpur.

: +603 9200 9988: +603 9200 4566: www.sklsba.org.my: [email protected]

/Date : 2019 5 28 ( ) 28th May 2019 (Tuesday)

/Time : 4 04:00 PM

/Venue : SKLSBA Hall

212019 2021

24 (2019–2021)

/Position /NAME

1 President

2 Deputy President

3 Vice President

4 Vice President

5 Honorary Secretary

6 Deputy Honorary Secretary

7 Honorary Treasurer

8 Deputy Honorary Treasurer

9 Social Officer

10 Assistant Social Officer

11 Welfare Officer

12 Assistant Welfare Officer

13 Cultural & Educational Officer

14 Assist. Cul & Educational Officer

15 Recreation Officer

16 Assistant Recreation Officer

17 Youth Affairs Officer

18 Assist. Youth Affairs Officer

19 Exco Member

20 Exco Member

21 Exco Member

/Internal Audit /NAME

1 Internal Auditor

2 Internal Auditor

6:30PM

7

Unit No. B 10 5, Level 12, Block B,Menara Uncang Emas,No. 85, Jalan Loke Yew,55200, Kuala Lumpur.

: +603 9200 9988: +603 9200 4566: www.sklsba.org.my: [email protected]

2020(2019 5 18 2020 7 28 )

1 (Committee Members)A 24 (2019/2021) (24th Term (2019/2021) Executive Committee) :

/Position /Name /Company Name

01.President Tan Chee Kan

( )Artmax (M) Sdn Bhd

02.Deputy President Guan Swee Leong Makmur Educational Supplies Sdn Bhd

03.Vice President Leong Shui Ping Lian Wah Stationers & Papers Sdn Bhd

04.Vice President Lim Chow Hoe

Kuretake Marketing Sdn Bhd

05.Hon. Secretary

AMPTan Chong Ong AMP

Totco Trading Sdn Bhd

06.Deputy Hon. Secretary Wee Chin Ping Winsin Stationery Sdn Bhd

07.Hon. Treasurer Yeoh Kian Siong

Envopac Packaging Specialist

08.Deputy Hon. Treasurer See Kwee Chong

Officeline Stationery Trading

09.Social Officer

PPNKoh Toong Leong PPN

Eastern File (M) Sdn Bhd

10.Assist Social Officer Lim Chern Hoo Chung Keu Enterprise Sdn Bhd

11.Welfare Officer Lee Woon Ching Woon Ming Stationery Suppliers

12.Assist. Welfare Officer Chun Chow Khoon First P.P. Marketing Sdn Bhd

13.Cultural & Education Officer Poon Wai Deng Emas Sigma Sdn Bhd

14.Assist. Cul & Edu Officer Adeline Kee Chern Mei

U Trading & Supplies Sdn Bhd

15.Recreation Officer Chan Kum Chung

Rainbow Paper Supplies Sdn Bhd

16.Assist. Recreation Officer Fong Yoon Kong

Motomax Industries Sdn Bhd

17.Youth Bureau Officer Terence Gan Kai Kheong Lucky Stationery Co. Sdn Bhd

18.Assist. Youth Officer Tan Seen Kee

Writebest Manufacturing Sdn Bhd

19.Exco Member Tey Beng Kun

Well Stationery Mart Sdn Bhd

20.Exco Member Ngew See Hing Seng Hing

21.Exco Member Lau Chee Hong Wing Loong Stationers Sdn Bhd

01.Internal Auditor Lee Sai Foh Best Express Marketing Sdn Bhd

02.Internal Auditor Dato’ Law Ban Seng Yiwubaba Sdn Bhd

8

B (2019 6 27 2020 7 29 )

24 (2019/2021)

Meeting Date

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19

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19

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Name/No. of Meeting 1 2 3 4 5 6 7 8 Total01. Tan Chee Kan 1 1 1 1 1 1 1 1 802. Guan Swee Leong 1 1 1 1 1 1 1 1 803. Grace Leong Shui Ping 1 1 1 1 1 1 1 1 804. Lim Chow Hoe 1 1 1 1 1 1 1 1 805. Tan Chong Ong AMP 1 1 1 1 1 1 1 1 806. Wee Chin Ping 1 1 1 1 1 1 1 1 807. Yeoh Kian Siong 1 1 1 1 1 1 1 1 808. See Kwee Chong 1 1 1 1 1 1 1 1 8

09. Koh Toong Leong PPN 1 1 1 1 1 1 6

10. Lim Chern Hoo 1 1 1 1 1 1 1 1 8

11. Lee Woon Ching 1 1 1 1 1 1 1 7

12. Chun Chow Khoon 1 1 1 1 4

13. Poon Wai Deng 1 1 2

14. Adeline Kee Chern Mei 1 1 1 1 1 1 1 1 8

15. Chan Kum Chung 1 3

16. Fong Yoon Kong 1 1 1 1 1 1 1 1 8

17. Terence Gan Kai Kheong 1 1 1 1 1 5

18. Tan Seen Kee 1 1 1 1 1 5

19. Tey Beng Kun 1 1 1 1 1 1 6

20. Ngew See Hing 1 1 1 1 1 5

21. Lau Chee Hoong 1 1 1 1 1 1 1 7

/No. Attendees 21 17 16 14 17 17 18 18 138Name/No. of Meeting 1 2 3 4 5 6 7 8 Total

01. Lee Sai Foh 1 1 1 1 1 5

02. Dato’Law Ban Seng 1 1 1 3

/No. Attendees 2 1 0 2 0 1 1 1 8/Invited Member 1 2 3 4 5 6 7 8 Total

01. Woon Choon Fooi 1 1

02. Chu Chan Oi 1 1 1 1 1 1 603. Gan Chau Jian 1 1 1 1 1 504. Guan Chin Tat 1 1 1 1 1 1 1 705. Lye Charng Jeng 1 1 1 1 1 1 1 1 8

06. Jeff Tee Kang Hui 1 1

07. Chew Boon Huat 1 1 1 3

/No. Attendees 7 3 3 3 4 4 3 4 31

Note: 1 PresentRepresentativeOn Leave

0 Absent

9

C 24 (2019/2021)

/Position /Name /Company Name

Life Honorary President

Lau Keng Boon Wing Loong Stationers Sdn Bhd

Wee Kew Sing Winsin Stationery Sdn Bhd

Poon Chee Kin Emas Sigma Sdn Bhd

Dato’ Tee Bock Toh Becon Enterprise Sdn Bhd

Honorary President Cheng Tai Ming Preman Jaya Sdn Bhd

Honorary Advisor

Leong Len Hin Lian Wah Stationers & Paper Sdn Bhd

Gan Swee Lea New Era Enterprises Sdn Bhd

Lim Chow Soon Chung Keu Enterprise Sdn Bhd

Chun Pooh Tiam First P. P Marketing Sdn Bhd

Ang Woon Chye Perniagaan Pertama

Loh Tan MinAsaba Marketing (M) Sdn Bhd

Legal Advisor Low Boon SeongLow Vignesh & Co Advocates & Solicitors

2 / Membership2.1 246 ( 2020 7 28 )

2.2

2019 7 1 Eduprint Solutions Sdn Bhd2019 7 31 STR Media Sdn Bhd2019 7 31 GC Image Sdn Bhd2019 8 14 GFO Supplies Sdn Bhd2019 9 29 Shashin Marketing Sdn Bhd2019 9 29 Boon Hao Stationery Supplies Sdn Bhd2019 10 24 Modern Alpine Sdn Bhd2019 11 7 Pustaka Jasa Sdn Bhd2019 11 7 Angel Printing House2019 11 8 Pustaka Chiew Sdn Bhd

3. / Properties 2

3.1 10/10A/10B/10C, Jalan Kancil, Pudu, 55100, Kuala Lumpur 4RM9,000.00

3.2 Unit No. B 10 5 (Level 12), Block B, Menara Uncang Emas, Jalan Loke Yew, 55100 KualaLumpur

10

4. 7 (2019/2021)

1.2.3.4.5.6.7.8.

5.

( )( )

( )( )

( )

11

6. (2019 4 9 2020 7 28 )

(2019 2020)(2019 2020) /

(2019 2020)

TheO

12

Fun

2B 2 5,760

Fuji Xerox Fuji Xerox Malaysia’s Rethink Possible 2.0:Capitalizing Digital Transformation

Invitation to CIMB Foundation CSR Programme EmpoweringSMEs

13

/ /

7

/ /

7 29

88.1

/ /

6 13

7 12

10 2310

10 27Lifestyle

50 7

10 27

1

14

8.2

/ /

5 25

Eng Huat Stationers SB Madam Amy Qui’s fatherin law(How Kee Lin)

12 1,

1

1Best Express Marketing SB Lion

Stationery

1Pacific Wise SB

1 New Era Enterprise SB Mr Wong

1

1

3 27 Singa Trading (M) Sdn Bhd

7 6 Hee Lee Enterprise (M) Sdn Bhd

8.3

/ /

CIMB

69

15

8.4

/ /

8.5

/ /

16

6. Secretary Report (9 Apr 2019 to 28 Jul 2020)Date Activities Description Remark/Attendee

28 Apr 2019

The 11th (2019 2020) Term Executive Committee Inauguration Dinnerfor Persekutuan Persatuan Keturunan Xu Malaysia, Xu YouthCommittee & Xu Women Committee organised by PersatuanKeluarga Koh Wilayah Persekutuan & Selangor. Congratulation toMr Koh Toong Leong, SKLSBA Social Officer, for the appointment ofTreasurer for The 11th (2019 2020) Term Executive CommitteePersekutuan Persatuan Keturunan Xu Malaysia

Tan Chee Kan,Leong Shui Ping,Tan Chong Ong,Chun Chow Khoon,Ngew See Hing,Tey Beng Kun

27 May 2019 Invitation from Malaysia China Chamber of Commerce to attend theopening ceremony of “45 Years of Glory Photo Exhibition”

Tan Chee Kan,Leong Shui Ping,Yeoh Kian Siong

30 May 2019Courtesy visit and dialogue with Minister of International Trade andIndustry Deputy Minister YB Dr Ong Kian Ming organised by TheFederation of Malaysia Chinese Commerce Association

Tan Chong Ong

8 Jun 2019 Invitation to celebrate the grand opening of new office and factoryrelocation by HP Best Enterprise Sdn Bhd

Tan Chee Kan,Tan Chong Ong,See Kwee Chong,Koh Toong Leong,Fong Yoon Kong,Tey Beng Kun,Chu Chan Oi,Lai Kok Khong,

22 Jun 2019 Malaysia Printers Association 33rd Anniversary Celebration GalaDinner

Wee Kew Sing,Tan Chong Ong,Wee Chin Ping,Lee Woon Ching,Fong Yoon Kong,Tan Seen Kee,Ngew See Hing,Lau Chee Hoong,Lee Sai Foh,Chu Chan Oi,Guan Chin Tat,Chew Boon Huat,Liew Pit Huat

30 Jun 2019 The Kuala Lumpur and Selangor Chinese Assembly Hall AnnualGeneral Meeting 2019 Leong Shui Ping

1 Jul 2019 Resolved during the meeting, life membership application receivedfrom Eduprint Solutions Sdn Bhd been approved

6 Jul 2019

Konsert Amal Pendidikan for SMJK Yu Hua 2 Kajang organised byJawatankuasa Pembangunan SMJK Yu Hua 2 Kajang for fund raisingtoward SMJK Yu Hua 2 Building Fund. Mr Tan Chee Kan, Mr Lau SieTee & Mr Tan Kheng Beng took the lead in enthusiastically donatedto support the fund raising and we have good response from othercommittees. Total fund collected RM 6,500.00

16 Jul 2019Introduction ceremony of 4th The Golden Entrepreneur Award and2nd The Malaysia Brand Award hosted by The Federation of MalaysiaChinese Commerce Association

Tan Chong Ong

17 Jul 2019 Invitation to The Belt and Road Initiative Symposium by TheFederation of Malaysia Chinese Commerce Association Tan Chong Ong

23 Jul 2019 Invitation to ‘Production Printing Excellence Centre” hosted byCanon Marketing (Malaysia) Sdn Bhd

Leong Shui Ping,Tan Chong Ong,See Kwee Chong,Chu Chan Oi

17

Date Activities Description Remark/Attendee

24 Jul 2019 Opening ceremony of 11th Malaysia Gifts Fair 2019 by Malaysian Gifts& Premium Association (MGPA)

Tan Chee Kan,Guan Swee Leong,Leong Shui Ping,Tan Chong Ong,Yeoh Kian Siong,See Kwee Chong

31 Jul 2019 Resolved during the meeting, life membership application receivedfrom STR Media Sdn Bhd been approved

31 Jul 2019 Resolved during the meeting, life membership application receivedfrom GC Image Sdn Bhd been approved

1 Aug 2019 Invitation from Kaizer Exhibitions & Conferences Sdn Bhd to attendThe Opening Ceremony Appreciation Night – IPMEX 2019

Tan Chee Kan,Guan Swee Leong,Leong Shui Ping,Lim Chow Hoe,Tan Chong Ong,Wee Chin Ping,Yeoh Kian Siong,Fong Yoon Kong,Guan Chin Tat,Chu Chan Oi,Lye Charng Jeng

1 Aug 2019 Invitation from Ricoh (Malaysia) Sdn Bhd to attend “Print Redefined”– IPMEX Malaysia 2019

Tan Chee Kan,Guan Swee Leong,Leong Shui Ping,Lim Chow Hoe,Tan Chong Ong,Wee Chin Ping,Yeoh Kian Siong,Fong Yoon Kong,Guan Chin Tat,Chu Chan Oi,Lye Charng Jeng

4 Aug 2019

The Federation of Malaysia Chinese Commerce Associationrequested for sponsorship/donation on fund raising and charitymaterials for Sekolah Jenis Kebangsaan (Cina) Imbi Fund RaisingCarnival 2019. Chung Keu Enterprise Sdn Bhd, a member of SKLSBA,contributed 5,760 2B pencils packed in 2 big cartons as support toannual fundraising activity

7 Aug 2019 Invitation from Fuji Xerox Malaysia to attend “Rethink Possible 2.0:Capitalising Digital Transformation”

Tan Chee Kan,Leong Shui Ping,Tan Chong Ong,See Kwee Chong

14 Aug 2019 Resolved during the meeting, life membership application receivedfrom GFO Supplies Sdn Bhd been approved

16 Aug 2019 Seminar on The Boss’s Practice organised by Persatuan UsahawanCina Kuala Lumpur Dan Selangor

Guan Swee Leong,Leong Shui Ping,Lim Chow Hoe,Yeoh Kian Siong,Lim Chern Hoo,Lye Charng Jeng

27 Aug 2019 Invitation to KLSCCCI’s Member Networking Dinner by The ChineseChamber of Commerce & Industry of Kuala Lumpur & Selangor

Guan Swee Leong,Lim Chow Hoe

5 Sep 2019 Invitation to CIMB Foundation CSR Programme – Empowering SMEs

Tan Chee Kan,Guan Swee Leong,Tan Chong Ong,See Kwee Chong

18


19 Sep 2019Invitation from The Chinese Chamber of Commerce & Industry ofKuala Lumpur & Selangor to participate in KLSCCCI’s 115th

Anniversary DinnerTan Chee Kan

20 Sep 2019 Invitation to Sin Chew Daily 90th Anniversary Gala Dinner

Cheng Tai Ming,Leong Shui Ping,Wee Chin Ping,Yeoh Kian Siong

24 Sep 2019Invitation to “FEMACGA SMEs Summit 2019 Welcoming 5S Era”organised by The Federation of Malaysia Chinese CommerceAssociation

Guan Swee Leong

29 Sep 2019 Resolved during the meeting, life membership application receivedfrom Shashin Marketing Sdn Bhd been approved

29 Sep 2019 Resolved during the meeting, life membership application receivedfrom Boon Hao Stationery Supplies Sdn Bhd been approved

12 Oct 2019 Invitation to attend China Malaysia Economic and Trade PromotionConference by Malaysia China Chamber of Commerce Wee Chin Ping

24 Oct 2019 Resolved during the meeting, life membership application receivedfrom Modern Alpine Sdn Bhd been approved

2 Nov 2019 Invitation to attend “2020 Budget Analysis” organised by TheFederation of Malaysia Chinese Commerce Association

Tan Chong Ong,Wee Chin Ping,Chu Chan Oi

5 Nov 2019

Talk on Emerging Security Practice and Business Technology forStationery Businesses, Business Systems and Best Practice for Stockloss/theft Prevention hosted by Business Risk Consultancy. Presidentof SKLSBA Mr Tan Chee Kan & committee attended this seminar

7 Nov 2019 Resolved during the meeting, life membership application receivedfrom Pustaka Jasa Sdn Bhd been approved

7 Nov 2019 Resolved during the meeting, life membership application receivedfrom Angel Printing House been approved

8 Nov 2019 Resolved during the meeting, life membership application receivedfrom Pustaka Chiew Sdn Bhd been approved

8 Nov 2019Invitation to attend “The Belt and Road Chinese Chambers ofAssociation Presidential Summit 2019” organised by The Federationof Malaysia Chinese Commerce Association

Tan Chong Ong

12 Dec 2019 Invitation to 16th Malaysia International Branding Showcase by ESEvent Management Sdn Bhd

Tan Chee Kan,Guan Swee Leong,Leong Shui Ping,Lim Chow Hoe,Yeoh Kian Siong,Chu Chan Oi,Guan Chin Tat

12 Feb 2020SKLSBA Chinese New Year Celebration 2020 at Hee Lai TonRestaurant, Pudu

CommitteeMembers

26 Jul 2020 Invitation from The Federation of Malaysia Chinese CommerceAssociation to attend 2020 Annual General Meeting

Tan Chong Ong,Fong Yoon Kong

19

7 Presidential Council Report


29 Jul 2020

During Movement Control Order period, in the consideration ofeconomy downturn, we agreed to reduce monthly rental toRM5,000.00 for Apr & May 2020, followed by June rent exemptedsince the area been declared as red zone. In the month of July, thetenant wrote in to request for rent reduction by RM1,000.00 permonth due to COVID 19 outbreak. It is undeniable fact that theCOVID 19 pandemic has severely affected economy and livelihoods.As to support business continuity of tenant, the executive committeemeeting reached an agreement to rent reduction from RM9,000.00 toRM8,000.00 per month for the period from 1st Aug 2020 to 30 Jun2021 (total 11 months)

8 Working Team Report8.1 Social Committee


13 Jun 2019

The Federation of Stationers and Booksellers Association of Malaysia(PPPABM) organised a delegation to visit Thai Stationeries & OfficeSupplies Association for market information sharing & stationerymarket inspection.

Dato Tee Bock Toh,Tan Chee Kan,Guan Swee Leong,Lim Chow Hoe,Teoh Kian Siong,Koh Toong Leong,Tey Beng Kun,Dato Law Ban Seng,Lai Kok Khong,Chu Chan Oi,

12 Jul 2019

The Federation of Stationers and Booksellers Association of Malaysia(PPPABM) organised delegation to visit Inner Mongolia for stationerymarket inspection and exchange. During visiting period, visited toprairie and desert

Cheng Tai Ming,Guan Swee Leong,Lim Chow Hoe,Yeoh Kian Siong

23 Oct 2019

Suggested by Asia Pacific Stationery Alliance (APSA), a group visitingto Korea and Hong Kong hosted by The Federation of Stationers andBooksellers Association of Malaysia (PPPABM) and participated to 13th

Annual Conference of APSA. Initially, PPPABM had successfullyattracted 67 persons to join in this tour. Due to unstable condition ofHong Kong and safety measurement, 10 persons decided to withdrawafter full consideration

27 Oct 2019Invitation from Global Sources to attend Global Sources Lifestyle (Gifts& Home) 2019. 50 members joined in but 7 of them cancelled the tripdue to unstable condition of Hong Kong and safety measurement

27 Oct 2019

Hong Kong International Lighting Fair (Autumn Fair) & Hong KongInternational Outdoor & Tech Light Expo organised by Hong KongTrade Development Council attracted 22 members & 18 members tojoin in respectively

6 Jan 2020

Invitation from Hong Kong Development Council to The Federation ofStationers and Booksellers Association of Malaysia (PPPABM) toorganise delegation visiting Hong Kong International Stationery Fair2020 & Hong Kong International Licensing Show 2020

Guan Swee Leong,Lim Chow Hoe

20

8.2 Welfare Committee:


25 May 2019Congratulation on housewarming party organised by Mr See KweeChong, deputy treasurer of SKLSBA. Mr Tan Chee Kan & committeemembers attended this joyful party

15 Jul 2019Father in law (Mr How Kee Lin) of Madam Amy Qui, the director ofEng Huat Stationers SB had passed on. SKLSBA placed on wreath.

See Kwee Chong,Koh Toong Leong

1 Dec 2019Father of Mr Tan Seen Kee, Assistant Youth Affairs Officer SKLSBA, hadpassed away. SKLSBA placed on wreath. Committee members offeredcondolence at the wake service

9 Jan 2020Father in law of Mr Wee Chin Ping, Deputy Honorary Secretary ofSKLSBA, had passed away. SKLSBA placed on wreath Tan Chee Kan

11 Jan 2020Managing director of Lion Stationery (holding company of BestExpress Marketing) Mr Ng Khoon had passed away. Committeemembers posted obituary on Nanyang Siang Pau

18 Jan 2020Invitation from SKLSBA member, Pacific Wise SB, to attendAnniversary Gala Dinner.

CommitteeMembers

29 Jan 2020Mother of Mr Wong, director of New Era Enterprise SB, had passedaway. SKLSBA placed on wreath

31 Jan 2020 Chinese New Year party hosted by Dato Law Ban Seng, InternalAuditor of SKLSBA, at his house located at Country Height Kajang

Ngew See Hing

31 Jan 2020Mr Guan Swee Leong, Deputy President of SKLSBA admitted toSelayang Hospital due to aedes dengue infection. SKLSBA arranged forfruit basket delivery & wishing him a speedy recovery

8 Feb 2020

SKLSBA Life Honorary President Mr Lau Keng Boon invited all thecommittee members & family to join for Chinese New YearCelebration party at his house. Mr Tan Chee Kan & committeemembers attended this new year party

27 Mar 2020 Datin Tan Seow Luan, wife of Mr Ang, the director of Singa Trading(M) Sdn Bhd, had passed away. SKLSBA placed on wreath

6 Jul 2020Madam Neo Nee, mother of director of Hee Lee Enterprise (M) SB,had passed away. SKLSBA placed on wreath.

See Kwee Chong

8.3 Culture & Educational Committee:


2 Jul 2019Invitation from CIMB to attend talk on business credit solution to SMEBusinesses (Applicable to member of associations or tradeassociations only)

Tan Chee Kan,Guan Swee Leong,Lim Chow Hoe,Tan Chong Ong,Wee Chin Ping,See Kwee Chong,Lee Woon Ching,Fong Yoon Kong,Lau Chee Hoong,Tey Beng Kun,Ngew See Hing,Dato Law Ban Seng,Chu Chan Oi,Guan Chin Tat,Liew Pit Huat,Howe Kai Seng

19 Oct 2019Total of 69 applications have been approved for 2019 scholarship heldby SKLSBA annually. Most of applicants attended this event andsuccessfully ended by noon.

CommitteeMembers

21

8.4 Recreation Committee:

Date Activities Description Remark/AttendeeNil

8.5 Youth Affairs Committee:

Date Activities Description Remark/AttendeeNil

INDEX PAGE

Statement by Management Committee 1

Independent Auditors' Report 2 - 4

Statement of Financial Position 5

Statement of Profit or Loss and Other Comprehensive Income 6 - 8

Statement of Cash Flows 9

Notes to the financial statements 10 - 23

395TYYC

31 December 2019

PERSATUAN PENJUAL ALATULIS DAN BUKU SELANGOR DAN KUALA LUMPUR

(Registered in Malaysia)ROS-No. 1312 (Selangor)

For the Financial Year Ended

Officers' Report and Audited Financial Statements

ROS-No. 1312 (Selangor)

ANNUAL REPORT & FINANCIAL STATEMENTS

For the Financial Year Ended 31st December 2019


PERSATUAN PENJUAL ALATULIS DAN BUKU SELANGOR DAN KUALA LUMPUR(Registered in Malaysia)

INFORMATION OF THE ASSOCIATION

President : Richard Tan Chee Kan

Deputy President : Guan Swee Leong

Vice Presidents : Leong Shui Ping: Lim Chow Hoe

Honorary Secretary : Tan Chong Ong, A. M. P.

Deputy Honorary Secretary : Wee Chin Ping

Honorary Treasurer : Yeoh Kian Siong

Deputy Honorary Tresurer : See Kwee Chong

Social Officer : Koh Toong Leong, P. P. N.

Assistant Social Officer : Lim Chern Hoo

Welfare Officer : Lee Woon Ching

Assistant Welfare Officer : Chun Chow Khoon

Cultural and Educational Officer : Poon Wai Deng

Assistant Cultural and Educational Officer : Adeline Kee Chern Mei

Recreation Officer : Chan Kum Chung

Assistant Recreation Officer : Fong Yoon Kong

Youth Affairs Officer : Gan Kai Kheong

Assistant Youth Affairs Officer : Tan Seen Kee

Exco Members :Ngew See HingLau Chee Hoong

Tey Beng Kun



INFORMATION OF THE ASSOCIATION (CONTINUED)

Internal Auditors : Lee Sai FohDato' Law Ban Seng

Registered Office : Unit No.B-10-5, Level 12, Block B,Menara Uncang Emas,No. 85, Jalan Loke Yew,55200 Kuala Lumpur,Wilayah Persekutuan,Malaysia.

Principal Place of Operation : Unit No.B-10-5, Level 12, Block B,Menara Uncang Emas,No. 85, Jalan Loke Yew,55200 Kuala Lumpur,Wilayah Persekutuan,Malaysia.

Auditors : YYC & CO PLT(Formerly known as YYC & Co.)(LLP0020596-LCA & AF 0055)Chartered AccountantsLevel 26A, Sunway Tower,

No. 86, Jalan Ampang,50450 Kuala Lumpur,Wilayah Persekutuan,Malaysia.

Bankers : Malayan Banking BerhadUnited Overseas Bank (M) BhdCIMB Bank Berhad

YYC & CO PLT


INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OFPERSATUAN PENJUAL ALATULIS DAN BUKU SELANGOR DAN KUALA LUMPUR

Responsibilities of The Committee Members for the Financial Statements (continued)

Auditors’ Responsibilities for the Audit of the Financial Statements

•

•

•

•

•

Page 3

Conclude on the appropriateness of the Committee Members’ use of the going concern basis ofaccounting and, based on the audit evidence obtained, whether a material uncertainty exists relatedto events or conditions that may cast significant doubt on the Association’s ability to continue as agoing concern. If we conclude that a material uncertainty exists, we are required to draw attention inour auditors’ report to the related disclosures in the financial statements of the Association or, ifsuch disclosures are inadequate, to modify our opinion. Our conclusions are based on the auditevidence obtained up to the date of our auditors’ report. However, future events or conditions maycause the Association to cease to continue as a going concern.

Evaluate the appropriateness of accounting policies used and the reasonableness of accountingestimates and related disclosures made by the Committee Members.

Obtain an understanding of internal control relevant to the audit in order to design audit proceduresthat are appropriate in the circumstances, but not for the purpose of expressing an opinion on theeffectiveness of the Association’s internal control.

Identify and assess the risks of material misstatement of the financial statements of theAssociation, whether due to fraud or error, design and perform audit procedures responsive tothose risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for ouropinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions,misrepresentations, or the override of internal control.

Our objectives are to obtain reasonable assurance about whether the financial statements of theAssociation as a whole are free from material misstatement, whether due to fraud or error, and to issuean auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance, but isnot a guarantee that an audit conducted in accordance with approved standards on auditing in Malaysiaand International Standards on Auditing will always detect a material misstatement when it exists.Misstatements can arise from fraud or error and are considered material if, individually or in theaggregate, they could reasonably be expected to influence the economic decisions of users taken on thebasis of these financial statements.

We communicate with the Committee Members regarding, among other matters, the planned scope andtiming of the audit and significant audit findings, including any significant deficiencies in internal controlthat we identify during our audit.

In preparing the financial statements of the Association, the committee members are responsible forassessing the Association’s ability to continue as a going concern, disclosing, as applicable, mattersrelated to going concern and using the going concern basis of accounting unless the committeemembers either intend to liquidate the Association or to cease operations, or have no realistic alternativebut to do so.

As part of an audit in accordance with approved standards on auditing in Malaysia and InternationalStandards on Auditing, we exercise professional judgement and maintain professional scepticismthroughout the audit. We also:

Evaluate the overall presentation, structure and content of the financial statements of theAssociation, including the disclosures, and whether the financial statements represent theunderlying transactions and events in a manner that achieves fair presentation.



STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2019

Note 2019 2018RM RM

ASSETS

Non-current assetsProperty, plant and equipment 5 702,998 723,825 Investment 6 16,000 16,000

718,998 739,825

Current assetsOther receivables 7 67,042 139,584 Fixed deposits with licensed banks 8 189,673 154,734 Cash and bank balances 9 137,054 109,316 Current tax assets 13,144 - Total current assets 406,913 403,634 Total assets 1,125,911 1,143,459

FUND AND LIABILITIES

Financed by:-Accumulated fund 10 477,080 469,204 Building and general fund 11 553,564 553,564 Education fund 12 60,950 39,950

1,091,594 1,062,718

Current liabilitiesOther payables 13 34,317 78,099 Current tax liabilities - 2,642 Total current liabilities 34,317 80,741 Total fund and liabilities 1,125,911 1,143,459

Page 5

The annexed notes form an integral part of,and should be read in conjunction with these financial statements.



STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOMEFOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019

Note 2019 2018RM RM

INCOME

Members' subscription

Subscription received 10,500 3,150

Revenue from funds generating activities

Anniversary dinner income 148,900 4,005 Asia pacific golden crown award 2,016 412,500 Donation received 1,000 8,100 Treasure hunts - 23,640

151,916 448,245

Other income

Fixed deposit interest 7,827 2,061 Rental income 111,600 111,600

119,427 113,661

TOTAL INCOME 281,843 565,056

Page 6




STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOMEFOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 (continued)

Note 2019 2018RM RM

EXPENDITURE

Costs for funds generating activities

Anniversary dinner expenses 118,587 14,886 Asia Pacific Golden Crown Awards expenses 10,293 360,978 Donation 200 - Treasure hunts - 24,511

129,080 400,375 Staff related expenses

Bonus 4,000 4,000 EIS 95 99 EPF 6,440 6,500 Medical - 68 Salaries and allowance 36,032 38,032 Socso 829 863 Staff refreshement 1,198 991

14 48,594 50,553 Professional fees

Accounting fees 5,000 5,000 Auditor's remuneration 2,000 2,000 Tax fees 795 795

7,795 7,795

Depreciation

Depreciation 25,107 24,161

5 25,107 24,161

Page 7

and should be read in conjunction with these financial statements.The annexed notes form an integral part of,



STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOMEFOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 (continued)

Note 2019 2018RM RM

General expenses

Advertisement 2,318 4,220 AGM meeting expenses 5,842 4,088 Bad debts written off 200 - Bank charges 191 228 Cleaning fees 2,400 2,400 Condolence and greeting 2,220 2,734 Electricity and water 1,768 2,041 Insurance 4,128 4,121 Internet fees 2,659 2,621 Management fees 4,533 5,124 Office expenses 586 41 Postage and stamps 8 26 Printing and stationery 1,548 1,527 Quit rent and assessment 9,785 11,745 Service tax 129 - Sewerage fees 4,099 - Sundry expenses 12,000 6,990 Telephone and fax 1,347 1,341 Travelling - 373 Upkeep of building 8,465 1,170 Upkeep of equipment 388 300 Website maintenance 4,329 901

68,943 51,991

TOTAL EXPENDITURE 279,519 534,875

Surplus before tax during the financial year 2,324 30,181

Tax expenses 15 5,552 (3,089)

Surplus after tax during the financial year 7,876 27,092

Page 8




STATEMENT OF CASH FLOWSFOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019

Note 2019 2018RM RM

CASH FLOWS FROM OPERATING ACTIVITIESSurplus before tax 2,324 30,181

Adjustments for: Bad debts written off 200 - Depreciation 5 25,107 24,161 Finance income (7,827) (2,061)

Operating surplus before working capital changes 19,804 52,281

Changes in working capital Receivables 72,342 51,554 Payables (43,782) (8,287)

Cash generated from operations 48,364 95,548 Finance income received 7,827 2,061 Income tax paid (10,234) (10,089) Net cash generated from operating activities 45,957 87,520

CASH FLOW FROM INVESTING ACTIVITY Purchase of property, plant and equipment 5 (4,280) - Net cash used in investing activity (4,280) -

CASH FLOW FROM FINANCING ACTIVITY Education fund 12 21,000 (11,100) Net cash generated from/(used in) financing activity 21,000 (11,100)

Net increase in cash and cash equivalents 62,677 76,420

Cash and cash equivalents at the beginning of the financial year 264,050 187,630

Cash and cash equivalents at the end of the financial year 326,727 264,050

Cash and cash equivalents

Cash and bank balances 9 137,054 109,316 Fixed deposits with licensed banks 8 189,673 154,734

326,727 264,050

2019 2018RM RM

Purchases of property, plant and equipment 5 4,280 -

Page 9and should be read in conjunction with these financial statements.

The annexed notes form an integral part of,

During the financial year, the Company made the following cash payments to purchase property, plantand equipment:



NOTES TO THE FINANCIAL STATEMENTSFOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019

1. GENERAL INFORMATION

a)

b) to organise, discuss forums for the benefits of the members in relation to the trade.c)

d) to be involved in social and charitable activities involving members and public at large.

2. BASIS OF PREPARATION

2.1 Basis of accounting

2.2

●● IC Interpretation 23: Uncertainty over Income Tax Treatments●●●

●

Page 10

Amendments to MFRS 119, Employee Benefits - Plan Amendment, Curtailment or Settlement

The registered office and principal place of operation of the Association is located at Unit No. B-10-5, Level 12, Block B, Menara Uncang Emas, No. 85, Jalan Loke Yew, 55200 Kuala Lumpur,Wilayah Persekutuan, Malaysia.

These financial statements are presented in Ringgit Malaysia (“RM”), which is the Association’sfunctional currency. All financial information is presented in RM.

The organisation is an Association Registered in Malaysia. The principal objects of the Associationare:-

Annual Improvements to MFRSs 2015-2017 cycle

Changes in accounting policies

MFRSs, Interpretations and amendments effective for annual periods beginning on or after 1 January 2019

to safeguard the interest of the members and to make representations to the government or itsagencies, other business organisations, non-profitable bodies, socities and other non-governmental bodies.

Amendments to MFRS 128, Investment in Associates and Joint Ventures - Long-termInterests in Associates and Joint Ventures

Amendments to MFRS 9, Prepayment Features with Negative Compensation

MFRS 16 Leases

The financial statements of the Association have been prepared under the historical cost basis,unless otherwise stated in the individual policy statements set out below.

The financial statements of the Association has been prepared in accordance with the rules of theAssociation, the provision of the Societies Act, 1966, Malaysian Financial Reporting Standards("MFRSs") in Malaysia and International Financial Reporting Standards ("IFRSs").

to provide a platform for the members in promoting the common interests and welfare of the members.

During the current financial year, the Association has adopted the following new accountingstandards and/or interpretations (including the consequential amendments, if any):-



NOTES TO THE FINANCIAL STATEMENTS (continued)FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019

2. BASIS OF PREPARATION (CONTINUED)

2.2

Standards issued but not yet effective

● Amendments to MFRS 3, Business Combinations – Definition of a Business●

● MFRS 17, Insurance Contracts

●

3. SIGNIFICANT ACCOUNTING POLICIES

Page 11

Adoption of the above standards and interpretations did not have any effect on the financialperformance or porsition of the Association.

The standards and interpretations that are issued but not effective up to the date of issuance of theAssociation's financial statements are disclosed as below. The Association intend to adopt thesestandards, if applicable, when they become effective.

The accounting policies set out below have been applied consistently to the periods presented inthe financial statements, unless otherwise stated.

Changes in accounting policies (continued)



Amendments to MFRS 10, Consolidated Financial Statements and MFRS 128, Sale orContribution of Assets between an Investor and its Associate or Joint Venture

Amendments to MFRS 101, Presentation of Financial Statements and MFRS 108, AccountingPolicies, Changes in Accounting Estimates and Errors - Definition of material

The Council Members expect that the adoption of the above standards and interpretations will haveno material impact on the financial statements in the period of initial application.

MFRSs, Interpretations and amendments effective for annual periods beginning on or after a date yet to be confirmed




3. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

3.1 Property, plant and equipment

(i) Recognition and measurement

(ii) Depreciation and impairment

Rate %Air conditioner 10CCTV 10Computer 40Furniture and fittings 10Land and building 2Office equipment 10Renovation 10

Page 12

Property, plant and equipment are stated at cost less accumulated depreciation andimpairment losses. The cost of an item of property, plant and equipment initially recognisedincludes its purchase price and any cost that is directly attributable to bringing the asset to thelocation and condition necessary for it to be capable of operating in the manner intended bymanagement. Cost also include borrowing costs that are directly attributable to the acquisition,construction or production of a qualifying asset.

Subsequent costs are included in the asset's carrying amount or recognised as a separateasset, as appropriate, only when it is probable that future economic benefits associated withthe item will flow to the Association and the cost of the item can be measured reliably. Thecarrying amount of the replaced part is derecognised. All other repairs and maintenance arerecognised as expenses in profit or loss during the financial period in which they are incurred.

When significant parts of an item of property, plant and equipment have different useful lives,they are accounted for as separate items (major components) of property, plant andequipment.

Gains and losses on disposals are determined by comparing the proceeds from disposal withthe carrying amount of property, plant and equipment and are recognised in net in the profit orloss.

Property, plant and equipment under construction are not depreciated until the assets areready for their intended use. Other property, plant and equipment are depreciated on thestraight line method to allocate the cost to their residual values over their estimated useful livesas follows:

At the end of the reporting period, the Association assesses whether there is any indication ofimpairment. If such indications exist, an analysis is performed to assess whether the carryingamount of the asset is fully recoverable. A write down is made if the carrying amount exceedsthe recoverable amount.

Depreciation methods, useful lives and residual values are reviewed at end of each reportingperiod, and adjusted as appropriate.





3.2 Impairment of non-financial assets

3.3 Financial Assets

(i) Classification

The Association classifies its financial assets in the following measurement categories:● Amortised cost;● Fair value through other comprehensive income ("FVOCI"); and ● Fair value through profit or loss ("FVTPI"); and

Page 13

Impairment losses are recognised in profit or loss unless it reverses a previous revaluation in whichit is charged to the revaluation surplus. Impairment losses recognised in prior periods are assessedat the end of each reporting period for any indications that the loss has decreased or no longerexists. An impairment loss is reversed if there has been a change in the estimates used todetermine the recoverable amount since the last impairment loss was recognised. An impairmentloss is reversed only to the extent that the asset's carrying amount that would have beendetermined, net of depreciation or amortisation, if no impairment loss had been recognised.Reversals of impairment losses are credited to profit or loss in the financial year in which thereversals are recognised.

Financial assets with embedded derivatives are considered in their entirety when determiningwhether their cash flows are solely payment of principal and interest.

The Association reclassifies debt instruments when and only when its model for managingthose assets changes.

The classification depends on the Association's model for managing the financial assets aswell as the contractual terms of the cash flows of the financial asset.

Assets that have an indefinite useful life, such as goodwill or intangible assets not ready to use, arenot subject to amortisation and are tested annually for impairment. Assets that are subject toamortisation and depreciation are reviewed for impairment whenever events or changes incircumstances indicate that the carrying amount may not be recoverable.

For the purpose of impairment testing, assets are grouped together into the smallest group ofassets that generates cash inflows from continuing use that are largely independent of the cashinflows of other assets or cash-generating units.

The recoverable amount of an asset or cash-generating unit is the greater of its value in use and itsfair value less costs to sell. In assessing value in use, the estimated future cash flows arediscounted to their present value using a pre-tax discount rate that reflects current marketassessments of the time value of money and the risks specific to the asset or cash-generating unit.

An impairment loss is recognised if the carrying amount of an asset or its related cash-generatingunit exceeds its estimated recoverable amount.





3.3 Financial Assets (continued)

(ii) Recognition and initial measurement

(iii) Subsequent measurement

Debt instruments

● Amortised cost

● FVOCI

● FVTPL

Page 14

Debt instruments that are held for collection of contractual cash flows where those cash flowsrepresent solely payments of principal and interest are measured at amortised cost. A gain orloss on a debt instrument that is subsequently measured at amortised cost and is not part of ahedging relationship is recognised in profit or loss when the asset is derecognised or impaired.Interest income from these financial assets is included in interest income using the effectiveinterest rate method.

Debt instruments that are held for collection of contractual cash flows and for sale, and wherethe assets' cash flows represent solely payments of principal and interest, are classified asFVOCI. Movements in fair values are recognised in Other Comprehensive Income ("OCI") andaccumulated in fair value reserve, except for the recognition of impairment gains or losses,interest income and foreign exchange gains and losses, which are recognised in profit andloss. When the financial asset is derecognised, the cumulative gain or loss previouslyrecognised in OCI is reclassified from equity to profit or loss. Interest income from thesefinancial assets is recognised using the effective interest rate method in profit or loss.

Debt instruments that are held for trading as well as those that do not meet the criteria forclassification as amortised cost or FVOCI are classified as FVTPL. Movement in fairvalues and interest income is recognised in profit or loss in the period in which it arises.

Regular purchases and sales of financial assets are recognised on the trade-date, the date onwhich the Association commits to purchase or sell the asset.

At initial recognition, the Association measures a financial asset at its fair value plus, in thecase of a financial asset not at fair value through profit or loss, transaction costs that aredirectly attributable to the acquisition of the financial asset. Transaction costs of financialassets carried at fair value through profit or loss are expensed in profit or loss.

Debt instruments mainly comprise of cash and cash equivalents and receivables.

There are three subsequent measurement categories, depending on the Association's modelfor managing the asset and the cash flow characteristics of the asset:





3.3 Financial Assets (continued)

(iv) Impairment

● The debtor is in breach of financial covenants● Concessions have been made by the Association related to the debtor's financial difficulty● It is becoming probable that the debtor will enter bankruptcy or other financial reorganisation● The debtor is insolvent.

Page 15

In measuring expected credit losses, trade receivables and contract assets are grouped basedon shared credit risk characteristics and days past due. The contract assets relate to unbilledwork in progress, which have substantially the same risk characteristics as the tradereceivables for the same type of contracts. The Association has therefore concluded that theexpected loss rates for trade receivables are a reasonable approximation of the loss rates forthe contract assets.

In calculating the expected credit loss rates, the Association considers historical loss rates foreach category of customers and adjusts to reflect current and forward-looking factors affectingthe ability of the customers to settle the receivables.

The Association define a financial instrument as default, which is aligned with the definition ofcredit-impaired, when the debtor meets unlikeliness to pay criteria, which indicates the debtoris in significant financial difficulty. The Association consider the following instances:

Financial assets that are credit-impaired are assessed for impairment on an individual basis.

The Association write off financial assets, in whole or in part, when it has exhausted allpractical recovery efforts and has concluded there is no reasonable expectation of recovery.The assessment of no reasonable expectation of recovery is based on unavailability ofdebtor's sources of income or assets to generate sufficient future cash flows to repay theamount. The Association may write-off financial assets that are still subject to enforcementactivity.

The Association assess expected credit losses associated with its debt instruments carried atamortised cost and at FVOCI on a forward-looking basis. The impairment methodology applieddepends on whether there has been a significant increase in credit risk. Expected credit lossesrepresent a probability-weighted estimate of the difference between present value of cashflows according to contract and present value of cash flows the Association expect to receive,over the remaining life of the financial instrument.

For trade receivables and contract assets, the Association applies the simplified approach,which requires expected lifetime losses to be recognised from initial recognition of thereceivables.

While cash and cash equivalents are also subject to the impairment requirements of MFRS 9,the identified impairment loss was immaterial.





3.4 Financial liabilities

3.5 Offsetting financial instruments

3.6 Cash and cash equivalents

3.7 Revenue

i) Interest income

Interest income is recognised using the effective interest method, and accrued on a time basis.

ii) Property rental income

Page 16

Fair value though profit or loss category comprises financial liabilities that are derivatives (exceptfor a derivative that is a financial guarantee or a designated and effective hedging instrument) orfinancial liabilities that are specifically designated into this category upon initial recognition.

All financial liabilities are subsequently measured at amortised cost using the effective interestmethod other than those categorised as fair value through profit or loss.

Other financial liabilities categorised as fair value through profit or loss are subsequently measuredat their fair values with the gain or loss recognised in profit or loss.

Financial assets and liabilities are offset and the net amount presented in the statements offinancial position when there is a legally enforceable right to offset the recognised amounts andthere is an intention to settle on a net basis, or realise the asset and settle the liability

Cash and cash equivalents consist of cash and bank balances and deposits with banks and highlyliquid investments which have an insignificant risk of changes in fair value with original maturities ofthree month or less, and are used by the Association in the management of their short termcommitments. For the purpose of the statements of cash flows, cash and cash equivalents arepresented net of bank overdrafts and pledged deposits.

Financial liabilities are initially recognised at fair value net of transaction costs for all financialliabilities not carried at fair value through profit or loss. Financial liabilities carried at fair valuethrough profit or loss are initially recognised at fair value, and transaction costs are expensed inprofit or loss.

Property rental income is recognised on an accrual basis in accordance with the substance ofthe relevant agreement.

Revenue is recognised to the extent that it is probable that the economic benefits associated withthe transaction would flow to the Association, and the amount of revenue and the cost incurred orto be incurred in respect of the transaction can be reliably measured and specific recognitioncriteria have been met for each of the activities of the Association as follows:





3.7 Revenue (continued)

iii) Subscription fees and events

3.8 Employee benefits

i) Defined contribution plans

ii) Short term employee benefits

3.9 Current and deferred income tax

Page 17

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

Deferred tax is recognised, using the liability method, on temporary differences arising between theamounts attributed to assets and liabilities for tax purposes and their carrying amounts in thefinancial statements. However, deferred tax is not accounted for if it arises from initial recognition ofan asset or liability in a transaction other than a business combination that at the time of thetransaction affects neither accounting nor taxable profit or loss. Deferred tax is determined usingtax rates that have been enacted or substantively enacted by the end of the reporting period andare expected to apply when the related deferred tax asset is realised or the deferred tax liability issettled.

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit orloss, except to the extent that it relates to items recognised in other comprehensive income ordirectly in equity. In this case the tax is also recognised in other comprehensive income or directlyin equity, respectively.

A liability is recognised for the amount expected to be paid under short-term cash bonus orprofit sharing plans if the Association has a present legal or constructive obligation to pay thisamount as a result of past service provided by the employee and the obligation can beestimated reliably.

As required by law, companies in Malaysia make contributions to the state pension scheme,the Employees Provident Fund ("EPF"). Such contributions are recognised as an expense inprofit or loss in the period to which they relate.

Short-term employee benefit obligations in respect of salaries, annual bonuses, paid annualleave and sick leave are measured on an undiscounted basis and are expensed as the relatedservice is provided.

Revenue from subscription fees and events are recognised in the statement of income andexpenditure on a received basis.





3.9 Current and deferred income tax (continued)

4. SIGNIFICANT ACCOUNTING JUDGEMENTS AND ESTIMATS

i) Depreciation of property, plant and equipment

ii) Impairment loss for trade receivables

Page 18

Deferred and current tax assets and liabilities are offset when there is a legally enforceable right tooffset current tax assets against current tax liabilities and when the deferred income tax assets andliabilities relate to taxes levied by the same taxation authority on either the taxable entity or differenttaxable entities where there is an intention to settle the balances on a net basis.

The Company makes impairment of receivables based on an assessment of the recoverabilityof receivables. Impairment is applied to receivables where events or changes in circumstancesindicate that the carrying amounts may not be recoverable. Management specifically analyseshistorical bad debts, customer concentration, customer creditworthiness, current economictrends and changes in customer payment terms when making a judgement to evaluate theadequacy of impairment of receivables. Where expectations differ from the original estimates,the differences would impact the carrying amount of receivables.

Deferred tax assets are recognised to the extent that it is probable that taxable profit will beavailable against which the deductible temporary differences, unused tax losses or unused taxcredits can be utilised.

There were no significant judgements made in applying the accounting policies of the Associationwhich may have significant effects on the amounts recognised in the financial statements.

Management makes key assumptions concerning the future and other key sources of estimationuncertainty at the reporting date that have a significant risk of causing a material adjustment to thecarrying amounts of assets and liabilities within the next financial year.

The estimates of the residual values, useful lives and related depreciation charges for itsproperty, plant and equipment is based on commercial and production factors which couldchange significantly as a result of technical innovations and competitors' actions in response tothe market conditions.

The Association anticipates that the residual values of its property, plant and equipment will beinsignificant. As a result, residual values have not been taken into consideration for thecomputation of depreciable amount.

Changes in the expected level of usage and technological development could impact theeconomic useful lives and the residual values of these assets, therefore future depreciationcharges could be revised.




4. SIGNIFICANT ACCOUNTING JUDGEMENTS AND ESTIMATS (continued)

iii) Income taxes

5. PROPERTY, PLANT AND EQUIPMENT

Balance at Balance at01.01.2019 Additions Disposals 31.12.2019

RM RM RM RMCostAir conditioner 39,790 1,280 - 41,070 CCTV system 4,750 - - 4,750 Computer 4,393 3,000 - 7,393 Furniture and fittings 43,516 - - 43,516 Land and building 773,864 - - 773,864 Office equipment 26,413 - - 26,413 Renovation 227,411 - - 227,411

1,120,137 4,280 - 1,124,417

Charge forBalance at the financial Balance at01.01.2019 year Disposals 31.12.2019

RM RM RM RMAccumulated depreciationAir conditioner 35,735 1,050 - 36,785 CCTV system 2,375 475 - 2,850 Computer 4,264 1,129 - 5,393 Furniture and fittings 43,516 - - 43,516 Land and building 92,862 15,477 - 108,339 Office equipment 23,349 476 - 23,825 Renovation 194,211 6,500 - 200,711

396,312 25,107 - 421,419

Page 19

Judgement is required in determining the capital allowances and deductibility of certainexpenses when estimating the provision for income taxes. There were transactions during theordinary course of business for which the ultimate tax determiantion of whteher additionaltaxes will be due, Where the final tax outcome of these matters is different from the amountsthat were initially recorded, such differences will impact the taxation and deferred taxation inthe period in which the outcome is known.




5. PROPERTY, PLANT AND EQUIPMENT (CONTINUED)

2019 2018 2019 2018 RM RM RM RM

Air conditioner 4,285 4,055 1,050 975 CCTV system 1,900 2,375 475 475 Computer 2,000 129 1,129 257 Furniture and fittings - - - - Land and building 665,525 681,002 15,477 15,477 Office equipment 2,588 3,064 476 477 Renovation 26,700 33,200 6,500 6,500

702,998 723,825 25,107 24,161

6. INVESTMENT2019 2018RM RM

Unquoted shares at cost 16,000 16,000

7. OTHER RECEIVABLES2019 2018RM RM

Other receivables 55,784 131,680 Deposits 4,660 4,660 Prepayments 6,598 3,244

67,042 139,584

8. FIXED DEPOSITS WITH LICENSED BANKS

9. CASH AND BANK BALANCES2019 2018RM RM

Cash at bank 137,054 109,316

10. ACCUMULATED FUND2019 2018RM RM

As at beginning of the financial year 469,204 442,112 Surplus for the financial year 7,876 27,092 As at end of the financial year 477,080 469,204

Page 20

The weighted average interest rate effective during the financial year is 3.68%(2018:3.68%). Thedeposits have a maturity of 90 days to 365 days.

Carrying amount Depreciation




11. BUILDING AND GENERAL FUND2019 2018RM RM

Building and general fund - Pudu 236,685 236,685Building and general fund - Uncang Emas 240,000 240,000Building and general fund - General 76,879 76,879

553,564 553,564

12. EDUCATION FUND2019 2018RM RM

As at beginning of the financial year 39,950 51,050 Additional during the financial year 30,000 - Paid during the financial year (9,000) (11,100) As at end of the financial year 60,950 39,950

13. OTHER PAYABLES2019 2018RM RM

Other payables 400 3,562 Accruals 13,917 54,537 Deposits 20,000 20,000

34,317 78,099

14. EMPLOYEE INFORMATION2019 2018RM RM

Short-term benefits of wages and salaries 41,230 43,091 Defined contribution 7,364 7,462 Total employee benefits expenses 48,594 50,553

15. TAX EXPENSES2019 2018RM RM

Malaysian taxation based on surplus for the financial year 639 10,000 Over provision of taxation in previous financial years (6,191) (6,911)

(5,552) 3,089

Page 21




16. FINANCIAL INSTRUMENTS

2019 2018RM RM

Financial assetsOther receivables 55,784 131,680 Fixed deposits with licensed banks 189,673 154,734 Cash and bank balances 137,054 109,316

382,511 395,730

Financial liabilityOther payables 400 3,562

2019 2018RM RM

Financial assetInvestment 16,000 16,000

Financial risk management

Credit risk

Fair value of financial instruments

Page 22

Amortised cost

Cost less impairment

The Association's financial risk management policy is to ensure that adequate financial resourcesare available for the development of the Association's operations whilst managing its financial risks,including credit risk, liquidity risk and market risk.

Credit risk is the risk of a financial loss to the Association if a counterparty of a financial asset failsto meet its contractual obligations. The Association's exposure to credit risk arises mainly fromreceivables from customers.

Management has a credit policy in place and the exposure to credit risk is monitored on an ongoingbasis through the review of trade receivables ageing. At reporting date, there were no significantconcentration of credit risk.

The maximum exposure to credit risk for the Association is the carrying amount of the financialassets shown in the statements of financial position.

The following table analyses the financial assets and financial liabilities of the Association by theclasses and categories of financial instruments to which they are assigned, and therefore by themeasurement basis:

The carrying amounts of financial assets and liabilities of the Association at the reporting dateapproximate their fair values due to their short-term nature and insignificant impact of discounting.

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