the store corporation berhad ( incorporated in … · 3 annual report 2014 the store corporation...

1 ANNUAL REPORT 2014

THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

2ANNUAL REPORT 2014

THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

Contents


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

Reward CampaignsFor Our Valued CustomersThe Store Group carried out multiple reward campaigns throughout the year in appreciation to our valued customers.

During the campaigns, we received overwhelming responsesfrom customers in a bid to win the fantastic prizes.

4ANNUAL REPORT 2014

THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

The Store Group’sReward Campaigns For Our Valued Customers

The Store, Pacifi c and M Card limited editionPanda Sweetie Card

In celebrationof its 46th anniversary in 2014,

The Store Groupwith its remarkable performance in the local retail industry had expressing tons of rewards to its loyal customers for their invaluable support.

Hence, numerous fantastic campaigns had been launched included “Amazing Anniversary Rewards” contest. The duration of this contest is between 22 May 2014 till 31 August 2014 which also included redemption programme of “Panda Sweetie” exclusive collection in conjunction with The Store Group 46th Anniversary.

The Store Group also launched the limited edition “Panda Sweetie” member card in conjunction with the arrival of two giant Pandas Liang Liang and Xing Xing who were imported from China for the 40th Anniversary Diplomatic tie between Malaysia and China government. Followed by “Cute Baby 2014 (14 May till 31 July 2014), “Christmas Festive Rewards (8 November till 31 December ) ” and “Gong Xi Fa Cai Festive Rewards (1 Jan till 16 Feb 2014)”.

These ranges of rewards had gained tremendous support which attracted millions of customer participated in winning the grand prizes. Besides, more excited rewards had been given with speci c privileges in order to capture customer’s loyalty and supports to our store.

“Amazing Anniversary Rewards”

More excitementwere created to reward our valued customers for their invaluable support over the year

1

1. Anniversary Celebration: The Store Group celebrates 46th anniversary with cake cutting ceremony. The launching of anniversary was a new chapter for The Store Group to look ahead a better growth future.

Fabulous rewards: Multiple reward campaignswere being held throughout the yearin appreciation to our valued customers.


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

The Store Group’sReward Campaigns For Our Valued Customers

1. 2 million entry forms: The Store Group’s Ambassador Adibah Noor draw the lucky winners from 2 million over entry forms. Accompanied by The Store Group Management at The Store Ipoh (Jalan Kampar)

branch.

2. Draw lucky winner: The Store Group’s Ambassador Adibah Noor draw the lucky winners.

3. Cute Babies on stage: Top 3 winners of The Store Group “Cute Baby 2014” Photogenic Contest received their prizes during the prize presentation ceremony. Total of 203 cute babies walked away fantastic prizes worth

RM60,000.

4. Joyful Festive Season: Winners of “Christmas Festive Rewards” and “Gong Xi Fa Cai Festive Rewards” Contest was revealed and receiving their prizes respectively.

5. Brought home prizes: Winners of “Amazing Anniversary Rewards” contest was revealed and they were happily brought home amazing prizes.

1 2

3

4

5

“The Store Group’s Never Ending Customer Rewards”

6ANNUAL REPORT 2014

THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

The Store Group’sParticipation in Government Campaigns

1~3. Pricing Reduce: The Store Group had continuously support the government calls in participate the Price Reduction

Campaign to combat high goods’ prices.

1

2

3

The Store Group (The Store Supermarket & Departmental Stores, Paci c Hypermarket & Departmental Stores and Milimewa Superstore) had continuously support the government’s PRICE REDUCTION CAMPAIGN to combat high goods prices.

This campaign was of cially launched by Minister of Domestic Trade, Co-operatives and Consumerism (KPDNKK) YB Dato’ Sri Hasan bin Malek at The Store Oceanic Mall, Port Dickson on 5 April 2014.

Up to 70% discount was given on more than 10,000 daily necessities during the campaign period. This campaign is an effort of Ministry of Domestic Trade and Consumer Affairs to help lessen consumers’ burden in the face of the rising cost of living.

1~3. Pricing Reduce: The Store Group had continuously support the government’s Price Reduction Campaign to combat

high goods’ prices.

YB Dato’ Sri Hasan bin Malek Minister of Domestic Trade, Co-operatives and Consumerism, was launching the Price Reduction Campaign at The Store, Port Dickson branch,witnessed by theSenior General Manager, Operations of The Store.


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

Wrap Up in StyleIndulge yourself with ourfashions and accessories which accomplishyour needs with no doubt.

8ANNUAL REPORT 2014

THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

Browse for yourselections of top,bottoms, dressesand more.Hot from thefashion runways, right at your fi ngertips.


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

The Store Group’s New ImageMoving Forward To Build It Better

New ImageFor More Pleasant ShoppingExperience

New Image of The Store – Kota Bharu,

Jalan Padang Gadong

This outlet launched its new image with a wider range of products which gives more choices with

more comfortable services. The interior of the outlet was decorated with brighter lightings and spacious

aisles enable shoppers have a convenient shopping experience.

New Image ofThe Store – Seremban, Jalan Tuanku Munawir

This outlet launched itsnew image in conjunction with

The Store Group 46th Anniversary celebration. Now, this outlet

has a wider space that offersa clearer de nition of the ambient.

All items were arrangedin a neatly and well organized

which provides shoppersa more seamless and pleasant

shopping experience.

Spacious Aisles:The Store Kota Bharu has a fresh look with brighter lightings and spacious aisles enable shoppers have a convenient shopping experience.

Thumbs up: The Store Group’s management and Adibah Noor were glad with the new launching outlet.

Well Organized: The Store, Seremban has a

wider space that offers a clearer de nition of the ambient.

10ANNUAL REPORT 2014

THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

The Store Group’s New ImageMoving Forward To Build It Better

New Imageof Pacifi c – KB Mall,

Kota Bharu

The Store Grouphad continued to carry out more enhancement

of its branch - Paci c,KB Mall, Kota Bharu

by renovated the existing outlet with more

pleasant shopping environment. This outlet

completed with a wide selection of assorted

quality products from trendy fashion, home furnishing, electrical

items to daily essentials. The ambience of this

newly renovated outlet is able to bring more

comfortableshopping experience

for shoppers.

KB Mall completed with awide selection ofquality products with more comfortableshopping environment


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

The Store Group’s Expansion

Opening of Pacifi c Hypermarket & Departmental Store at Taiping Mall, Perak.

This new outlet at Taiping Mall is committed to provide our shoppers with affordable, happy shopping experience. Shoppers now are easier to get their daily needs or luxury goods in the corner respectively well organized. All goods and branded stuff are in quality conditions with priceless deals.

A fresh look of ournew outlet

where all itemsorganized accordingly by

it’s categoryStraight and focus!


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

The Store For YouWe offer a wide range of products to fulfi llcustomer satisfaction. Currently, we have 74 outlets nationwide operating inPeninsular Malaysia and Sabah with aim to serveour customers with good services.


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

The Store Group’s Outlets Directory

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 Penang)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

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

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

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

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

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

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

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

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



THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

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

Addresses of Outlet



THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

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]

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]

Addresses of Outlet



THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

The Store Group

Training & Leadership

DevelopmentThe Store Group cares on employee’s career development.

An established in-house learning and development programme

had been set to equip our employees with relevant skills

in order to build up their competitive capability.


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

We have establishedour in-house learning anddevelopment programmeto equip our employeeswith the relevant skill sets as they progressin their careers


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

The Store Group’sMilestoneof Achievements


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

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), Setiawan (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.

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’sMilestone of Achievements


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

The Store Group’sMilestone of Achievements

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

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

The Store Group’sCorporateSocial ResponsibilityThe Store Group continues carry out its responsibilityin caring the less fortunate and underprivileged members ofsociety by involved actively in numerous charity campaigns.


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

The Store Group’sCorporate Social Responsibility

Charity Fund to 7 Selected Assiociations for Disable People in MalaysiaCharity fund raising campaign was one of a frequent charitable activity of The Store Group, which was a half-yearly campaign held twice a year consistently.

On 9 May 2014, a charity fund cheque amounting to RM95,200.00 was presented to 7 selected Associations for Disabled People in Malaysia. This campaign was held from 1 October 2013 till 31 March 2014 and the fund was distributed equally to the 7 selected welfare associations as listed below: • Penang Cheshire home

• Rumah Kebajikan Kanak-kanak Cacat Negeri Perak

• Pusat Penjagaan Kanak-kanak Terencat Akal Kuala Terengganu

• Persatuan Penjagaan Kanak-kanak Cacat Klang Selangor

• Persatuan Kebajikan Orang-orang Kurang Upaya Negeri Johor

• Sabah Cheshire Home

• Seri Mengasih Centre, Sabah

The Store Group hope that this fund could help to ease the burden of these welfare associations and able to help the organizers of the respective welfare associations to continue their mission and vision to provide better facilities and education for the residents of the home, and enriching their life.

The Store Group continuously seeking provides assistance and

contribution to the social well-being of community through its exclusive

retail network.

Unleash Love and Care to the Needy Group

Handling Over: Mr Winky Pek was handling over

a cheque amounting toRM95,200.00 to 7 selected

DisabledAssociations around Malaysia. Witnessed by Ms Adibah Noor

(The Store Group’s Ambassador).

Handling Over:A total amount of RM105,000.00 charity fund

cheque was presented to Dato’ Leela Mohd Ali, Trustee & CEO of Yayasan Budi Penyayang Malaysia.

Charity ToYayasan Budi Penyayang Malaysia

On 1 November 2014, a charity fund cheque amounting to RM105,000

was presented to Yayasan Budi Penyayang Malaysia. This campaign

was held from 1 April 2014 till 30 September 2014.

The Store Group wishes that these funds will reach out to more

underprivileged families in Malaysia through the Foundation’s aggressive

programs and helping hands.


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P


Orphans from Pertubuhan KebajikanAnak-Anak Yatim Islam Batu Pahat were treated to this event.

Orphans fromRumah Puteri Harapan

Students fromSekolah Kebangsaan Peremba,

Sekolah KebangsaanDato’ Wan Mohamad Saman, and

Sekolah Kebangsaan Gerigis.

In tune with the season’s festive spirit, The Store Group celebrated Hari Raya Puasa and Chinese New Year with underprivileged children and families each and every year to spread festive cheer through a little caring for them.

Each and every year, The Store Group in collaboration with Yayasan Budi Penyayang Malaysia, employees of The Store Group and volunteers of PENYAYANG will be joined together for the distribution of food hampers and other contributions during festive season.

Berbuka Puasa with Underprivileged Students and OrphansIn the blessed month of Ramadan, Paci c Hypermarket & Departmental Store, in collaboration with Syarikat Faiza Sdn. Bhd. and Nestlé Products Sdn. Bhd. have hosted three Berbuka Puasa Dinner for orphans and students as part of The Store Group’s ongoing efforts to exert a loving spirit and foster closer ties with communities. The Berbuka Puasa Dinner is part of The Store Group’s annual events. The purpose of this meaningful event is to share the enjoyment and bliss of Ramadan and the upcoming Syawal with the less fortunate. It is also aimed to encourage a caring spirit, being supportive of each other, and giving a helping hand to those in needs.

Time To Share Joy, Hope and Love

Buka Puasa Feast at Batu Pahat Mall,Johor.

Buka Puasa Feastat Alor Star Mall,

Kedah.

Buka Puasa Feastat KB Mall, Kelantan.

Spreading Love: The Store Group had contributed bundle donations for the less fortune and underprivileged members of society via its on-going charity campaign.


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

THE STORE GROUPhad organized humanitarian aid

to help fl ood victims atEast Coast area as a part of its

Corporate Social Responsibility programme

1~2 The Store was handed school supplies to the State Education Department to be given out to 500 students who affected during the ood incident. The contribution activity was held at The Store Kemaman Centrepoint Branch.

3~4 Outlet has runs donation campaign calling on customers to come

forward and lead a helping hand by sending in generous contributions into donation

boxes located at a few The Store Outlets.

5 Volunteered staff of Paci c – KB Mall with Ahli Majlis Kerajaan Kelantan,

distributed necessities food items to the

ood victims at Kelantan area.

3

5

4

1

2



THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

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)

Kam Teh Chung (Executive Director) (retired w.e.f 28 March 2014)

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 incorporation & domicileMalaysia

Corporate Information


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

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

Nationality/Age : Malaysian/ 52

Date of Appointment : 14 February 2000

Length of Services : 15 years 1 month(as at 5 March 2015)

Date of last re-election : 28 March 2013

Board Committee : Nil

Board Meeting attended in the nancial year : 4/4

Directorship in PublicCompanies : Chairman of Borneo Aqua 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 until now. Dato’ Sri Kamal was conferred a Honorary Doctorate of Philosophy (Entrepreneurship) by Golden State University, USA.

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







Directorship in PublicCompanies : Nil

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 a 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 also actively involved in several others associations in various capacities. Currently, Tan Sri Tang is the Honorary Deputy Treasurer at Federal 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 others 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 Khor Guik Lee who is also a director and a major shareholder of The Store Corporation Berhad.

Puan Sri Datin Sri Khor Guik Lee








She 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 in which was subsequently listed on Second Board of Bursa Malaysia Securities Berhad 13 years later. Thereafter, she joined Paci c Hypermarket & Departmental Store Sdn Bhd before her 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.

Director’s Profi le

Chairman

Executive Director

Group Managing Director

Chang Yen Huei


Date of Appointment : 02 November 2001

Length of Services : 13 years 4 months(as at 5 March 2015)





He is an accountant by profession and a fellow member of 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 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. During 1993 to 1996, he was attached to a public listed company as an Accountant. Subsequently, he joined Paci c Hypermarket Group Sdn Bhd as a 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.

Executive Director


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

Lim Gin Chuan


Date of Appointment : 31 January 2000



Board Committee : Member of Audit Committee Member of Remuneration Committee

Member of Nomination CommitteeBoard Meeting attended in the nancial year : 4/4

Directorship in PublicCompanies : Director of Wong Engineering

Berhad (409959-W)

He 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 CommitteeBoard Meeting attended in the nancial year : 4/4

Directorship in PublicCompanies : Director of Tokio Marine Life

Insurance Malaysia Bhd (457556-X)

Director of Yoong Onn Corporation Berhad (814138-K)

He 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 read 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 and a Notary Public.

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


Date of Appointment : 13 December 1993


Date of last re-election : 28 March 2014 (Pursuant to Section 129(6) of the Companies Act 1965)

Board Committee : Chairman of Audit Committee Chairman of Remuneration Committee Chairman of Nomination CommitteeBoard Meeting attended in the nancial year : 4/4


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 Directors - General of the Malaysian Veterinary Services.

Director’s Profi le

Independent Non-Executive Director



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 any convicted for offences within the past 10 years, other than traffi c offences, if any.


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

5 Years Group Financial Highlight


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

Chairman’s Statement


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

Chairman’s Statement

Dear Valued Shareholders,

On behalf of the Board of Directors,it is my pleasure to presentthe Company’s Annual Report andthe Audited Financial Statementsfor the nancial year ended30 September 2014.

Financial Review For the nancial year ended 30 September 2014, the Group registered a decrease in the consolidated revenue to RM1.768 billion, a drop of RM121.0 million or 6.4% as compared to the previous year’s revenue of RM1.889 billion. The decrease in revenue was mainly due to on-going programme to renovate, refurbish and upgrade certain outlets, softening market and weaker customer spending.

Correspondingly, the Group’s net pro t is RM20.381 million which was a slightly decrease by 1.89% over RM20.774 million registered in the previous year, translating to an earning per shares of 29.76 sen. The drop in the net pro t was due to higher tax expense estimated.

The Group’s balance sheet remained healthy with cash and bank balances of RM183.934 million, while shareholder’s equity increased 3.95% to RM465.710 million from RM447.993 million in the previous year.

Delivering Shareholders’ Value As part of the Group’s on-going effort to return value to shareholders, the Board has proposed a rst and nal single tier dividend of 3.75 sen per ordinary share for the nancial year 2014. The Group will continue to strive to maintain an optimal balance between a reasonable return to our shareholders and conserving suf cient resources to support long term growth of the Group.

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

Operational Review The Group will continue to leverage on its competitive strengths and grow its business, both organically and through new store expansions. We will continue to provide a refreshing shopping outlook to our customers through refurbishment and upgrade of some of its existing outlets. In the last nancial year, we had completed the renovation of 6 outlets and currently the outlets that are still undergoing its renovations are outlets at Klang (Shaw Centrepoint), Seremban (Centre Point), Johor Bahru (Taman Tun Aminah) and Tawau, Sabah.

The Group further brings new level of shopping experience and lifestyles to the communities in Taiping, Perak with the opening of its 4-Level supermarket and departmental store under the Paci c banner at Taiping Mall which is the 9th Paci c outlet and the 74th outlet in the Group in Malaysia. This outlet is an anchor tenant in the mall with occupied net lettable approximate areas of 130,803 sq. ft. It had its soft opening on 21 July 2014.

Last year, the Group had launched a Price Reduction Campaign by slashing the selling price of more than 10,000 items ranging from daily essential item to non-essential items to support the call from the Government through the Domestic Trade, Cooperatives and Consumerism Ministry to ease the burden of the high cost of living. The Group will continue to take pro-active measures in responses to our Government’s directive and embrace in good corporate governance.

Corporate Development On 30 April 2014, the Company had completed the disposal of the entire investment in its wholly-owned subsidiary, SB Mall Sdn Bhd to Goldleaf Synergy Sdn Bhd for a gain of RM4.4 million and RM1.06 milion recognised in the Company and Group respectively.

Corporate Social Responsibility The 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 performance greater accountability.

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

Strategic Outlook This year retail industries will remain dif cult and challenging with the Government’s constants reminders of reductions or withdrawal of subsidiaries and uncertainties on the impact of the Goods & Services Tax (GST) implementation with effect from 1 April this year. However, the Group will endeavor to continue its efforts in enhancing operational ef ciency and effectiveness by putting in place stringent cost control measures, pursue to increase market share in terms of quality, pricing and achieve a wide range of product varieties.

We expect the domestic economy to remain positive due to the resilient domestic consumption and the support of private investment.

AcknowledgementThe strength of the Group rests with its strong leadership supported by a loyal and united workforce for persevering through a tough year together. It is my sincere hope that these strengths are carried through in the future.

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 advices, contributions and commitments in leading the Group. On behalf of the Board, I would like to record our gratitude to Mr. Kam Teh Chung, our executive director who had retired in March 2014 and we wish him well for the future.

Thank you.

Dato’ Sri Md Kamal bin BilalChairman


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

Corporate Structure


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

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 practised 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 application of the Principles set out in the Code and the extent of compliance by the Company with the best practices as set out in the Code.

PRINCIPLE 1- ESTABLISH CLEAR ROLES AND RESPONSIBILITIES

The Board has the overall responsibility for the stewardship of business and affairs of the Group. The Board is committed to assume the following roles and responsibilities speci ed in the Code when discharging its leadership responsibilities:

* Reviewing and adopting a strategic plan for the Group ;

* Overseeing the conduct of the Group’s business to evaluate whether the business is being properly managed;

* Identifying the principal risks and ensuring the implementation of appropriate systems to manage these risks;

* Succession planning, including appointing, training, xing the compensation of and where appropriate, replacing key management;

* Developing and implementation of a Corporate Disclosure Policy;

* Reviewing the adequacy and the integrity of the Group’s internal control systems and information systems, including systems for compliance with applicable laws, regulations, rules, directives and guidelines;

* Monitoring and reviewing management processes aimed at ensuring the integrity of nancial and other reporting; and

* Ensuring that the Company’s nancial statements are true and fair and conform to the accounting standards.

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. The executive directors lead the senior management team in making and implementing the Board’s decisions, managing resources and risks in pursuing the corporate objective of the Group.

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 presence of independent voice on the Board ensures that objectivity in decision making of the Board is achieved and that no single party can dominate such decision making in the Company.

The Board has delegated certain responsibilities to its committees which operate within clearly de ned terms of reference. All Board committees do not have executive powers 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 in the next section.

Separation of Position of the Chairman and Managing Director

The Chairman of the Company is an independent non-executive director. 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. The Chairman is primarily focused on Governance while the Managing Director, with the assistance of executive directors, is generally focused on the business and its day-to-day operations.

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.

Code of Conduct/Ethics and Board Charter

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

The Board 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 throughout the Company website.

Statement Of Corporate Governance


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

Strategies Promoting Sustainability

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

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

Access To Information and Advice

All the directors are entitled to request for additional clari cation and information or update on any aspect of the Company’s operations to assist them in matters that require their decision. Adequate reports with regards to information on the Group’s performance and major operational nancial and corporate issues are disseminated in advance to facilitate informed decision-making process.

The Board is supported by suitably quali ed and competent company secretaries who are responsible for ensuring the effective functioning of the Board and that rules and regulations are compiled with. The company secretaries also act as the secretaries for all the Board Committees. In exercising their duties, individual directors may obtain professional advice from external consultants such as investment bankers, valuers, human resource consultant etc.

PRINCIPLE 2 - STRENGTHEN COMPOSITION OF THE BOARD

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 of the Board must be independent directors.

A brief pro le of each director is presented on pages 29 to 30 of this Annual Report.

The Group maintains its current mix of Board which is well represented by individuals with diverse professional background and experience in the areas of nancial, legal and law, management and retail experience to facilitate Board and Committees deliberations. 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 concluded that the number of members fairly re ects the interests of its shareholders and other stakeholders. The Board, having reviewed its size and composition, is also satis ed that it is effective for proper functioning of the Board.

Nominating Committee (“NC”)

The NC has been established since 2001. It comprises three independent non-executive directors. The membership of the Committee has not changed since the last report. The NC is responsible for nominating new candidates to the Board and to ensure proper Board balance and size as well as to review the required mix of skills, experiences and other competencies and make its recommendations to the Board accordingly. The Board will implement the process, which is to be carried out by the NC, for assessing the effectiveness of the individual directors and the Board as a whole.

The NC continually conducts an assessment on independent directors annually, upon a director’s readmission to the Board, and when any new interest or relationship surfaces as well as review the independent directors’ time, commitment and ability to ful ll their responsibilities.

The NC met once during the nancial year ended 30 September 2014 to carry out the following activities in accordance with its terms of reference:

i. Reviewed and recommended the re-election and re-appointment of directors at the forthcoming AGM.

ii. Reviewed and recommended the retention of independent Non-Executive Directors.

iii. Reviewed and assessed the independence of the Independent Directors.

Statement Of Corporate Governance (cont’d)


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

The Committee con rms that the present size of the Board, required mix of skills, performance, experience and contribution of Directors, effectiveness of the Board, independent Directors and is satis ed with the current position and performance of the Board.

The Board acknowledges the recommendation of the Code pertaining to the establishment of Boardroom gender diversity policy. The Board supports non-discrimination on the basis of role, religion and gender and encourages a dynamic and diverse composition by nurturing suitable and potential candidate equipped with skills, experience, time commitment and other qualities in meeting the future needs of the Company. The Board, however, will set speci c targets in relation to gender diversity in certain areas if the situation so requires. Currently, the Board has a female executive director on the Board.

Re-election of Directors The NC has viewed and conducted an assessment the directors who are subject to retirement at the forthcoming AGM in accordance with the Articles of Association of the company which provides for the following:

a) any directors who are appointed during the year will be subjected to retirement and re-election by shareholders at the next AGM following their appointment; and

b) one-third (1/3) of the remaining directors, including the Managing Director, or if their number is not three or a multiple of three, then the number nearest to 1/3, shall retire from of ce and be eligible for re-election at each AGM; provided always;

c) all the directors, including the Managing Director, shall retire from of ce at least once in every three (3) years but shall be eligible for re-election.

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 of ce until the next AGM.

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

At this forthcoming Annual General Meeting, the Company has 2 directors retiring and offering themselves for re-election. The Board con rms that it is satis 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, suf cient information such as the directors’ personal pro les, their attendance at the meetings and shareholdings in the Company for each director standing for re-election are furnished in this Annual Report.

Remuneration Policies and Procedures

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 bene ts offered by the Group to individual directors and making the necessary recommendations to the Board for approval. The purpose is to ensure that the Company is able to attract and retain Directors of the calibre needed to run the Group successfully. The committee meets when necessary.

The Company’s remuneration scheme for executive directors is structured so as to link to the Group’s performance and scope of responsibility taking into account prevailing markets rates and the Company’s nancial standing and is reviewed periodically in the case of the non-executive directors, the level of remuneration re ects the expertise and the level of responsibilities undertaken by them. Non-executive directors’ remunerations are determined by the full Board. Directors abstained from participating in decisions on their own remuneration packages. In addition, the Board also takes into consideration any relevant information provided by independent consultants or from survey data.

The remuneration for all the directors are based on a standard xed fee, except for the Chairman who is paid a higher fee in recognition of his additional responsibilities. Non-Executive directors are paid a meeting allowance for each Board meeting they attend. The directors are also reimbursed reasonable expenses incurred by them in the course of carrying out their duties on behalf of the Company.

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



THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

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

Executive Non-executive Total

(RM) (RM) (RM)

Fees 504,000 172,000 676,000

Salaries 2,670,000 - 2,670,000

Allowance & other emoluments 456,000 63,000 519,000

3,630,000 235,000 3,865,000

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

Range of remunerationExecutive director

Non-executive director

Total

Below RM50,000 - 3 3

RM 50,000 – RM 100,000 - 1 1

RM 200,000 – RM 250,000 1 - 1

RM 500,000 – RM 550,000 1 - 1

RM 700,000 – RM 750,000 1 - 1

RM 2,150,000 – RM2,200,000 1 - 1

(The above disclosure includes director who had retired during the nancial year)

PRINCIPLE 3 - ANNUAL ASSESSMENT OF INDEPENDENT DIRECTORS

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 satis 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 con ict of interest and undue in uence from interested parties.

Tenure of Independent Directors

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 tenure of service. The length of their service 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 bring stability to the Board and the Company bene 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 recommended to continue to act as independent directors subject to the shareholders’ approval at the forthcoming AGM based on the following justi cations:

a) All of them continue to ful ll the criteria under the de 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 bene ts of whatever nature had been paid to them by the Company, other than directors’ fees and allowances paid which had been the norm and had been duly disclosed in this Annual Report.



THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P


PRINCIPLE 4 - FOSTER COMMITMENT OF DIRECTORS

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 nancial year to help facilitate the directors in planning their meeting schedule for the year.

The Board is satis ed with the level of time commitment given by the directors towards ful lling their roles and responsibilities which is evidenced by the satisfactory attendance records of the directors at Board meetings. 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.

All the directors have complied with the Listing Requirements on the limit of 5 directorships in public listed companies.

During the nancial year, the Board met 4 times. The following are the details of the directors’ attendance:

Name of Directors Number of Board meetings attended 1. Dato’ Sri Md Kamal bin Bilal 4/42. Tan Sri Dato’ Sri Tang Yeam Soon 4/43. Dato’ Dr. Haji Kardin bin Haji Shukor 4/44. Puan Sri Datin Sri Khor Guik Lee 4/45. Chang Yen Huei 4/46. Yeoh Chong Keng 4/47. Lim Gin Chuan 4/48. Kam Teh Chung (retired on 28 March 2014) 2/4

Continuing Development

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 ful ll their responsibilities and to discharge their duties effectively.

The directors are also encouraged to evaluate their own training needs on a continuous basis and to determine the relevant programmes, seminars, workshops or forums available that would best enable them to enhance their knowledge and contributions to the Board.

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

a) Governance in Action – What Every Director Should Knowb) Audit Committee Institute Breakfast Round Table – The Impact of Cyber Security at Board Level.c) 2014 Tax and Budget Outlookd) In-house Seminar on GST

In addition to this, all the executive directors and managers of the Group have attended one full day workshop in relation to the excellent leadership and motivation course during the nancial year under review.

PRINCIPLE 5 - UPHOLD INTEGRITY IN FINANCIAL REPORTING

Compliance with Applicable Financial Reporting Standards

The Board also took due care and reasonable steps to ensure that the annual 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 information to be disclosed before recommending to the Board for approval. The Directors’ Responsibility Statement explaining the responsibility of the Board for preparing the annual audited nancial statements of the Company and the Group for the nancial year ended 30 September 2014 is presented in this Annual Report.

The Board has ensured quality nancial reporting to its shareholders, investors and regulatory authorities in order to present a balanced, clear and comprehensive assessment of the Company’s and 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 nancial information relating to the Company’s and the Group’s quarterly nancial results are announced to Bursa Malaysia.

Assessment of Suitability and Independence of External Auditors

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


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P


The external auditors are required to declare their independence annually to the AC as speci ed by the By-laws issued by the Malaysian Institute of Accountants. The external auditors had made the 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 con ict with their role as external Auditors.

The AC has assessed and is satis 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.

PRINCIPLE 6- RECOGNISE AND MANAGE RISKS

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 in this Annual Report.

PRINCIPLE 7- ENSURE TIMELY AND HIGH QUALITY DISCLOSURE

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 Corporate Governance, except where commercial con dentiality dictates.

The Board has put in place a Corporate Disclosure Policy to ensure the disclosure of material information pertaining to the Company’s performance and operations is in accordance with the disclosure requirements of the Listing Requirements and other applicable laws.

The Company’s website at www.tstore.com.my also serves as a forum to enable the public and shareholders to access corporate information on the board of directors’ pro le, the latest promotions, performance and activities undertaken as well as achievements of the Group. Bursa Malaysia also provides for the Company to electronically publish all its announcements, including its quarterly results and annual reports via the same link. These can be accessed online through Bursa Malaysia’s website page at http://www.bursamalaysia.com.

PRINCIPLE 8 - STRENGTHEN RELATIONSHIP BETWEEN COMPANY AND SHAREHOLDERS

The Company has the annual general meeting and extraordinary general meeting as means of communication for shareholders and investors to seek clari cations on the operations, nancial performance and major developments of the Group.

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 is of the view that voting by show of hands continues to be effective. Currently, all resolutions put forth for the shareholders’ approval are carried out by a show of hands, unless a poll is demanded or speci cally required.

The Chairman will also undertake to provide written answers to signi 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 clari cation on issues and concerns raised by the shareholders. The outcome 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 identi ed the Company Secretaries to whom concerns may be conveyed and who would bring the same to the attention of the Board.

COMPLIANCE STATEMENT

The Board has taken steps to ensure the Group has implemented as far as possible the recommendations 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 nancial year under review.

This statement is made in accordance with a resolution of the Board of Directors passed on 30 January 2015.


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

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 nancial statements.

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

In preparing the nancial statements of the Company and of the Group for the nancial year ended 30 September 2014, 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 con rm that the 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 nancial positions of the Company and of the Group which enable them to ensure that the 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.


Statement Of Directors’ Responsibilities


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

Statement On Risk Management AndInternal Control

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 Listing Requirements and 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 with the support and endorsement of Bursa Malaysia.

The Board is committed to discharging its responsibility to ensure the Group fully complies with the Principles and Best Practices provisions in relation to risk management as stipulated in the Malaysian Code on Corporate Governance 2012.

The Board’s Responsibility

The Board recognises and acknowledges the importance of maintaining a sound system of internal control and effective risk management practices to ensure good corporate governance and af rms its overall responsibility for the Group’s internal control which includes the establishment of an appropriate control environment and framework as well as the review of its adequacy and effectiveness.

In recognition of this responsibility, the Board sets and implements policies and procedures to obtain assurance that the system of internal control is operating effectively. While acknowledging their responsibility for the system of internal control, the Board is aware that a sound system of internal control and risk management can only provide reasonable rather than absolute assurance against risks arising from material misstatements, fraudulent activities, or other irregularities, or any breach of laws or regulations.

Risk Management Framework

The Board and Management recognise that effective risk management is an integral part of corporate governance and continuously strive for excellence to ensure effective and systematic protection of its assets and shareholders’ value. The Group has in place an ongoing process for identifying, evaluating and managing the principal risks that affect the attainment of the Group’s business objectives and goals.

The Board is aware that a sound system of internal control should be embedded in the operations of the Group and forms part of its culture. This system should be capable of responding quickly to evolving risks arising from changes within the Group and in the overall business environment. It should include procedures for reporting immediately to appropriate levels of management any signi cant control weaknesses identi ed together with details of corrective action being taken.

These risk management activities are co-ordinated by the Internal Audit department in conjunction with all the business heads within the Group.

Principal Elements of the Group’s Risk Management and Internal Control System

The principal elements of the risk management and internal control functions are embedded within the Company’s policies and procedures and its operations. During the nancial year under review, the principal elements which form part of the Group’s Risk Management and Internal Control System can be summarized as follows:

• Operating structure with clearly de ned lines of responsibility and accountability The Group has a properly de ned organizational structure with clear lines of accountability and responsibility,

with strict authorisation, approval and control procedures which provide a sound framework of authority and accountability within the Group.

• Clearly de ned authority level The Group practices clearly de ned authorisation and signing limits on all nancial commitments and

transactions within the Group. Such limits are subject to periodic reviews to re ect changing business and operating environment.

• Written operational policies and procedures Documented Internal Operating Policies and Procedures set out in the Group’s Standard Operating Procedures

(SOP), which are periodically reviewed, are in line with the Company’s objectives and serve to provide guidance in the daily operations.

• Performance Management Framework - Comprehensive budgeting and costing process for all operating units with monthly monitoring of

performances so that any material variances can be followed up and addressed by the Management.

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

- Regular management visits of its operating business units to ensure all business activities and operational issues and matters are promptly brought up to the attention of the Management for further action to be taken and to gauge the effectiveness of the strategies implemented.


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

Statement On Risk Management AndInternal Control (cont’d)

• Advance IT & Communication systems Enhanced computerised retail management and operating system for timely monitoring and control of the

Group’s business operations.

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

Conduct and Ethics.

Internal Audit Function

The Group’s internal audit function is carried out by an Internal Audit Department under the authority conferred by the Audit Charter and in accordance with the duly approved annual audit plan by the Audit Committee. The function seeks to provide reasonable assurance on the adequacy and effectiveness of the design and operating effectiveness of the Group’s system of internal controls to the Audit Committee. The Group’s Internal Audit Department undertakes to conduct risk management activities, i.e. assessing the Company’s level of risk tolerance and identifying, evaluating and managing signi cant risks impacting the achievement of business objectives of the Group. In addition, it also undertakes to conduct risk-based reviews on all key activities of the Group. Internal Audit highlights control weaknesses and advises the Management on how to strengthen and enhance its risk management activities and internal control systems. Internal Audit also provides audit recommendations to implement appropriate control procedures. During the nancial year under review, the Internal Audit Department conducted various audit assignments which includes the review of operational and compliance controls, management ef ciency, risk assessment and reliability of nancial records.

Review of The Statement By External Auditors

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 (Revised) issued by the Malaysian Institute of Accountants 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.

Conclusion

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

The Managing Director and Finance Director have 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 was no material or signi cant losses arising from de ciencies in internal control that would require separate disclosure in this Annual Report.

The Board remains committed towards operating a sound system of internal control and therefore recognizes that the system must continuously evolve to support the type of business and size of operations of the Group.



THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

The Board continues to uphold our commitments and responsibilities towards our employees, stakeholders, society at large and environment and the place we are living in.

While striving to sustain and increase shareholders’ value with continuing business sustainability and growth, the Board also puts great value on corporate social responsibilities in conducting its business affairs, aligning it to the Group’s culture and strategy.

The Workplace

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.

Continual Training and Leadership Development

Employees have always been the Group’s greatest assets and we place great emphasis on developing our human capital as it 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 continues to conduct orientation and Induction Training Programme for newly recruited employees. Motivational programmes are also conducted for the employees in the Group. Field trips are organized to cater for various levels of employees to acquire hands-on and on-the-job training.

Internships, Apprenticeships and Placements

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 ll various job vacancies ranging from operational, nancial to management.

The Management Trainee Programme also aim to be part of the management succession planning programme to groom and nurture fresh graduates to succeed the various positions in future.

Practical training and internship are provided to facilitate the selection of suitable candidates to join the Group upon completion of their degree programme.

Health and Safety at work

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 employees 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 prioritise occupational safety and health in all social and corporate environment.

The Marketplace

The Group recognizes that our business conduct will have a signi cant in 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.

Long Standing Relationship with Customers

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 and services in complying with Shariah requirements for halal products and achieving customers satisfaction and safety for the public at large. We also engage and interact with our customers and consumers via our website or facebook.

Working with Suppliers and Other Services Providers

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

Statement of Corporate Social Responsibility


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

Investors and Stakeholders Engagement

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

The Environment

The Group places signi cant importance towards preserving the environment and conserving resources wisely. The Group has observed environment friendly practices in its daily operations, such as reducing the carbon footprint, recycle of paper or cartons, encourage electronic communication and electronic data storage, reduce energy consumption and water wastage. The Group is committed to seek continuous improvement in its operation to minimize any negative impact on the environment.

The Community

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 employees’ time and skills, gifts in kind and cash donations. During the nancial year, the Group has participated in sponsorship and contribution to Yayasan Budi Penyayang Malaysia and Yayasan Jantung Malaysia.


ADDITIONAL COMPLIANCE INFORMATION:-

1. UTILISATION OF PROCEEDS RAISED FROM CORPORATE PROPOSALS

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

2. SHARE BUYBACK

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

3. NON-AUDIT FEES

During the nancial year under review, there were no non-audit fees paid or payable to the external auditors, other than a special review fee of RM2,500 paid to the external auditors and the taxation fees totaling RM68,700 paid or payable to a company in which certain partners of the audit rm are shareholders and directors.

4. VARIATION IN RESULTS

There was no material variance between the nancial results for the nancial year ended 30 September 2014 and the unaudited results previously announced by the Company.

5. MATERIAL CONTRACTS

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.

6. RECURRENT RELATED PARTY TRANSACTIONS

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 existing and additional Recurrent Related Party Transactions of a revenue nature with speci ed classes of Related Parties as speci ed in Section 3.2 of the Circular to shareholders dated 5 March 2015 which are necessary for the day-to-day operations and/or in the ordinary course of business of the Group.

Statement of Corporate Social Responsibility (cont’d)


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

Audit Committee Report

The Board is pleased to present the report of the Audit Committee for the nancial year ended 30 September 2014.

The Audit Committee had conducted 4 meetings for the nancial year ended 30 September 2014. These meetings were fully attended by all the members of the Audit Committee.

A. TERMS OF REFERENCE

The terms of reference of the Audit Committee incorporating the requirements of the Main Market Listing Requirements of Bursa Malaysia have been reviewed by the Audit Committee on 29 January 2013 and the Board of Directors approved it on the same day.

The term of of ce of the Audit Committee and the terms of reference shall be reviewed by the Board not less than once in every three years.

i) Membership

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 ful 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.

ii) Authority

The Audit Committee shall have the following duties and responsibilities:

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

b) to seek any information it requires from any employee 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 on 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.

iii) Functions

The functions of the Committee shall be:

a) To review and report to the Board : - with the external auditors, the audit plan; - with the external auditors, the evaluation of the system of internal accounting controls; - with the external auditors, the audit report; - the assistance given by the Company’s of cers to the external auditors; - the quarterly results and year end nancial statements of the Company and of the Group and

thereafter submitting them to the Board of Directors of the Company, particularly on * any change in or implementation of major accounting policies and practices; * signi cant and/or unusual events; * the going concern assumption; and * compliance with accounting standards and other legal requirements; - any related party transactions and con ict of interest situation that may arise within the Company

or the Group including any transaction, procedure or course of conduct that raises questions of management integrity.

b) To carry out the following for internal audit: - 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; - review the internal audit programme, processes and results of the internal audit process, programme

or investigation undertaken and where necessary, ensuring that appropriate action is taken on the recommendations of the internal audit function.

c) To consider the appointment, remuneration, resignation and dismissal of external auditors; and such other functions as may be de ned by the Board of Directors.


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

d) To review the internal audit plan, consider signi cant ndings and management’s response and report to the Board together with such other functions as may be agreed to by the Committee and the Board.

e) Verify the criteria for allocation of options pursuant to a share scheme for employee.

iv) Meetings

a) 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.

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

c) The Company Secretary shall be the Secretary of the Committee.

d) Meetings shall be held not less than two times a year.

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.

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

B. ACTIVITIES DURING THE FINANCIAL YEAR END

During the nancial year under review, the main activities undertaken by the Committee are as below:

(a) Reviewed the Audit Committee report, Statement on Internal Control, Statement of Corporate Governance and Directors’ Responsibilities Statement before submitting for the Board’s approval and inclusion in the Company’s annual report;

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

(c) Reviewed the quarterly unaudited nancial results and announcements of the respective nancial quarters of the Company prior to submission to the Board for their consideration and approval;

(d) Reviewed the related party transactions entered into by the Company and by the Group and the disclosure of such transactions in the annual report and circulars of the Company;

(e) Reviewed the applicable corporate governance principles and the extent of the Group’s compliance with the best practices set out under the Malaysian Code on Corporate Governance 2012;

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

(g) Consideration and recommendation to the Board for approval on the audit fees payable to the external auditors and re-appointment of external auditors; and

(h) Reviewed the internal audit’s scope, function, plan and programme.

C. INTERNAL AUDIT FUNCTION

The Company has an internal audit department to carry out its reviews and audits on the operations and management of the Group as per the annual audit plan approved by the Audit Committee. The objectives of these audits are to provide reasonable assurance on the adequacy and operating effectiveness of the control procedures and the extent of compliance with company policies and procedures. Internal audit function also carries out investigations and other adhoc reviews with speci c focus on the high risk areas.

Total cost incurred for the internal audit function of the Company for the nancial year was RM222,041.87 (2013: RM305,449.23).


Audit Committee Report (cont’d)


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

Reports andFinancial Statements30 September 2014

CONTENTS PAGE

Directors’ Report 49 - 51

Directors’ Statement 52

Statutory Declaration 52

Independent Auditors’ Report To The Members 53 - 54

Statements Of Financial Position 55 - 56

Statements Of Comprehensive Income 57

Consolidated Statement Of Changes In Equity 58

Statement Of Changes In Equity 59

Statements Of Cash Flows 60 - 61

Notes To The Financial Statements 62 - 101

Supplementary Information 101


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

The directors have pleasure in submitting their report and the audited nancial statements of the Group and of theCompany for the nancial year ended 30 September 2014.

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 2014 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 2013, 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 2014 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 2015.

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 20,381 31,297

Attributable to:

Owners of the company 20,387 31,297

Non-controlling interests (6) -

20,381 31,297

Directors’ ReportFor The Financial Year Ended 30 September 2014


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P


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

Kam Teh Chung (retired on 28.3.14)

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 1-10-2013 Bought Sold 30-9-2014The Company Direct Interest:

Tan Sri Dato’ Sri Tang Yeam Soon 3,028,300 - - 3,028,300Dato’ Dr. Hj. Kardin bin Hj. Shukor 11,000 - - 11,000Puan Sri Datin Sri Khor Guik Lee 1,366,200 - - 1,366,200Chang Yen Huei 1, 100 - - 1,1 00

Deemed Interest:

Tan Sri Dato’ Sri Tang Yeam Soon 16,269,030 - - 16,269,030Puan Sri Datin Sri Khor Guik Lee 17,93 1,1 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 2014 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.


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

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 allowance for doubtful debts and satis ed themselves that all known bad debts had been written off and that adequate allowance 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 allowance 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: 30 January 2015



THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

In the opinion of the Directors, the nancial statements set out on pages 49 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 2014 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 101 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: 30 January 2015

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 49 to 101 and the supplementary information set out on page 101 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 30th )day of January 2015. )

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

Before me,

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

Directors’ Statement


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

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 2014 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 notes, as set out on pages 49 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 2014 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 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.


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

Other Reporting Responsibilities

The supplementary information set out on page 101 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 John Lau Tiang Hua, DJNNo. AF : 0042 No. 1107/03/16 (J) Chartered Accountants Chartered Accountant 30 January 2015

Penang


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

Statements Of Financial Positionas at 30 September 2014

GROUP COMPANY

2014 2013 2014 2013

NOTE RM’000 RM’000 RM’000 RM’000

ASSETS

Non-current assets

Property, plant and equipment 4 479,666 479,402 3 1 , 5 1 8 32,654

Investment properties 5 61,764 67,980 - -

Investment in subsidiaries 6 - - 358,623 362,089

Other investments 7 19 20 - -

Intangible assets 8 8,319 8,319 - -

Deferred tax assets 9 893 1,049 - -

550,661 556,770 390, 1 4 1 394,743

Current assets

Inventories 247,669 241,701 - -

Trade and other receivables 10 55,363 59,029 9 11

Amount due from subsidiaries 11 - - 203,094 192,929

Current tax assets 8 ,571 9,626 10,357 11,052

Deposits with licensed banks 12 146,595 163,791 - 10,500

Cash and bank balances 13 37,339 24,201 1,503 1,242

Non-current assets held for sale 14495,537

-498,348

69,676

214,963-

215,734

-

495,537 568,024 214,963 215,734

TOTAL ASSETS 1 , 046,198 1 , 1 24,794 605,104 610,477

EQUITY AND LIABILITIES

Share capital 15 68,504 68,504 68,504 68,504

Share premium 1,018 1 ,018 1 ,018 1,018

Fair value adjustment reserve 11 12 - -

Foreign translation reserve 16 (143) (43) - -

Retained pro ts 17 396,320 378,502 224, 184 195,456

Equity attributable to owners of the company 465,710 447,993 293,706 264,978

Non-controlling interests 88 94 - -

Total Equity 465,798 448,087 293,706 264,978

The notes set out on pages 62 to 101 form an integral part of these nancial statements.


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

Statements Of Financial Position (cont’d)as at 30 September 2014

GROUP COMPANY

2014 2013 2014 2013

NOTE RM’000 RM’000 RM’000 RM’000

Non-current liabilities

Deferred revenue 18 1,892 2,186 - -

Borrowings 19 114,938 192,534 109,796 137,736

Deferred tax liabilities 9 31,892 31,755 166 178

148,722 226,475 109,962 137,914

Current liabilities

Trade and other payables 20 399,869 414,164 1,039 1,056

Amount due to subsidiaries 11 - - 172,456 178,588

Deferred revenue 18 1,828 2,010 - -

Borrowings 19 28 , 103 32,037 27,941 27,941

Current tax liabilities 1,878 2,021 - -

431,678 450,232 201 ,436 207,585

Total Liabilities 580,400 676,707 3 1 1 ,398 345,499

TOTAL EQUITY AND LIABILITIES 1,046, 1 9 8 1,124,794 605,104 610,477



THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

GROUP COMPANY 2014 2013 2014 2013 NOTE RM’000 RM’000 RM’000 RM’000 Revenue 21 1,767, 699 1,889,137 42,840 42,821 Cost of sales 22 (1,398,234) (1,525,703) - - Gross pro t 369,465 363,434 42,840 42,821

Other income 49,582 42,985 20,874 7,464 Marketing and selling expenses (226,967) (221,838) - - Administrative and general expenses (143,584) (137,1 77 ) (13,879) (5,485) Pro t from operations 48,4 96 47,404 49,835 44,800 Finance costs (10,426) (12,386) (8,671) (9,264) Pro t before taxation 23 38,070 35,018 41,164 35,536

Tax expense 24 (17,689) (14,244) (9,867) (9,267) Pro t for the year 2 0 ,381 20,774 31,297 26,269

Other comprehensive (loss)/income, net of taxItems that will be reclassi ed subsequently to pro t or loss Fair value adjustment on available-for- sale nancial assets (1) 3 - - Foreign currency translation differences on foreign operations (100) (315) - -

Total comprehensive (loss)/income for the year (101) (312) - -

Total comprehensive income for the year 20,280 20,462 31,297 26,269

Pro t attributable to: Owners of the company 20,387 20,780 31,297 26,269 Non-controlling interests (6) (6) - -

20,381 20,774 31,297 26,269

Total comprehensive income attributable to: Owners of the company 20,286 20,468 31,297 26,269 Non-controlling interests (6) (6) - - 20,280 20,462 31,297 26,269

Basic/Diluted earnings per share attributable to owners of the company (sen): 25 29.76 30.33


Statements Of Comprehensive IncomeFor The Financial Year Ended 30 September 2014


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

Consolidated Statement Of Changes In EquityFor The Financial Year Ended 30 September 2014

|---------------------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

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 26 - - - - (2,569) (2,569) - (2,569)

Balance at end

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

2013

Balance at beginning 68,504 1,018 9 272 360 ,291 430,094 100 430,194

Fair value of available- for-sale nancial assets - - 3 - - 3 - 3

Foreign exchange differences on translation - - - (315) - (315) - (315)

Total other comprehensive income for the year - - 3 (315) - (312) - (312)

Pro t for the year - - - - 20,780 20,780 (6) 20,774

Total comprehensive income for the year - - 3 (315) 20,780 20,468 (6) 20,462

Transaction with owners:Dividend 26 - - - - (2,569) (2,569) - (2,569)

Balance at end

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



THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

Statement Of Changes In EquityFor The Financial Year Ended 30 September 2014

Non-Distributable Distributable

ShareCapital

SharePremium

RetainedPro ts

TotalEquity

NOTE RM’000 RM’000 RM’000 RM’000

2014

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

Net pro t, representing total comprehensive income for the year - - 31,297 31,297

Transaction with owners:Dividend 26 - - (2,569) (2,569)

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

2013

Balance at beginning 68,504 1,018 171,756 241,278

Net pro t, representing total comprehensive income for the year - - 26,269 26,269

Transaction with owners:Dividend 26 - - (2,569) (2,569)

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



THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

Statements Of Cash FlowsFor The Financial Year Ended 30 September 2014

GROUP COMPANY

2014RM’000

2013RM’000

2014RM’000

2013RM’000

CASH FLOWS FROM OPERATING ACTIVITIES

Pro t before tax 38,070 35,018 41, 1 6 4 35,536

Adjustments for:

Bad debts - 5 4 , 9 2 9 -

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

Depreciation 37, 6 1 3 38,281 1 , 2 5 9 1 ,286

Dividend income (5) - (40,000) (40,000)

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

Gain on disposal of investment properties ( 123) (13) - -

Gain on disposal of investment in a subsidiary - - (4,400) -

Gain on disposal of property, plant and equipment (7) (2,020) (5) -

Impairment loss on receivables 1 , 6 6 0 34 - -

Impairment loss on investment in subsidiaries - - 3 , 3 6 6 -

Interest expense 10, 4 2 6 12,386 8 , 6 7 1 9,264

Interest income (3,9 34) (3,273) ( 9 , 6 3 3 ) (7,464)

Inventories written off 2,000 - - -

Property, plant and equipment written off 933 187 3 -

Operating pro t/ (loss) before working capital changes 85,5 7 8 80,605 ( 1,4 8 2 ) (1 ,378)

Changes in inventories (7,968) 19,522 - -

Changes in receivables (2,8 3 6 ) (5,247) 2 (1)

Changes in payables 8,6 0 6 10,876 3 (161)

Changes in deferred revenue (4 7 6) (90) - -

Cash from/(used in) operating activities 82,9 0 4 105,666 ( 1 , 477) (1,540)

Interest received 3 , 9 3 4 3,273 9, 6 3 3 7 ,464

Interest paid (10,426) (12,386) (8, 6 7 1 ) (9,264)

Income tax paid (1 7, 4 4 1 ) (17,657) - -

Income tax refund 1 , 5 0 7 1,972 8 1 6 -

Net cash from/ (used in) operating activities 60,4 7 8 80,868 3 0 1 (3,340)

CASH FLOWS FROM INVESTING ACTIVITIES

(Advance to)/Repayment from subsidiaries - - (1 5 ,094) 62,533

Cash ows from disposal of a subsidiary (Note 6) 764 - - -

Dividends received 5 - 30, 000 30,000

Proceeds from disposal of investment in a subsidiary - - 4 , 5 0 0 -

Proceeds from disposal of investment properties 5 , 6 9 9 941 - -

Proceeds from disposal of property, plant and equipment

40 4, 1 10 5 -

Purchase of property, plant and equipment (38, 240) (17,853) ( 1 4 6 ) (8)

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

Net cash (used in)/from investing activities (30, 3 2 1 ) (1 2,802) 19, 2 6 5 92,525

Balance carried forward 30, 1 5 7 68,066 19, 5 6 6 89, 1 8 5



THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

Statements Of Cash FlowsFor The Financial Year Ended 30 September 2014

GROUP COMPANY

2014RM’000

2013RM’000

2014RM’000

2013RM’000

Balance brought forward 30,1 5 7 68,066 1 9 , 566 89,1 85

CASH FLOWS FROM FINANCING ACTIVITIES

Advances from/ (Repayment to) subsidiaries - - 7 0 4 (48,055)

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

Repayment of bank term loans (30,230) (32 , 173) (27,940) (27,941)

Net cash used in nancing activities (32 ,799) (32 ,742) (29,805) (78,565)

NET (DECREASE)/ INCREASE IN CASH AND CASH EQUIVALENTS

(2,6 42) 33,324 ( 10 ,239) 10,620

Effects of changes in exchange rates on cash and cash equivalents

(5) (3) - -

CASH AND CASH EQUIVALENTS AT BEGINNING 186, 5 8 1 153,260 11,7 4 2 1, 1 22

CASH AND CASH EQUIVALENTS AT END 183,9 3 4 186,58 1 1 ,503 1 1 ,742

Represented by:

Deposits with licensed banks 146 ,595 162,380 - 10,500

Cash and bank balances 37, 3 3 9 24,201 1 ,503 1 ,242

183 ,934 186 ,581 1 ,503 1 1 ,742



THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

Notes To The Financial StatementsFor The Financial Year Ended 30 September 2014

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 30 January 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.

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 (“MFRSs”), International Financial Reporting Standards (“IFRSs”) 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.


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

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 New MFRSs, Amendments/Improvements to MFRSs, IC Interpretations (“IC Int”) and Amendments to 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 new MFRSs, amendments/ improvements to MFRSs,

IC Int and amendments to IC Int that are mandatory for the current nancial year:

MFRSs and IC Int effective 1 January 2013

MFRS 10 Consolidated Financial StatementsMFRS 11 Joint ArrangementsMFRS 12 Disclosure of Interests in Other EntitiesMFRS 13 Fair Value MeasurementMFRS 119 Employee Bene ts (International Accounting Standard (“IAS”) 19 as amended by

International Accounting Standards Board (“IASB”) in June 2011)MFRS 127 Separate Financial Statements (IAS 27 as amended by IASB in May 2011)MFRS 128 Investments in Associates and Joint Ventures (IAS 28 as amended by IASB in May 2011)IC Int 20 Stripping Costs in the Production of A Surface Mine

Amendments to MFRSs effective 1 January 2013

MFRS 1 First-time Adoption of Malaysian Financial Reporting Standards - Government LoansMFRS 7 Financial Instruments: Disclosures - Offsetting Financial Assets and Financial LiabilitiesMFRS 10, 11 and 12 Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in

Other Entities: Transition GuidanceAnnual Improvements 2009 – 2011 Cycle issued in July 2012

Initial application of the above standards did not have any material impact to the nancial statements of the group and of the Company except for the following:

MFRS 13 Fair Value Measurement

The Group and the Company have applied MFRS 13 for the rst time in the current period. MFRS 13 established a single source of guidance and disclosure for fair value measurements. The scope of MFRS 13 is broad. The fair value measurement requirements of MFRS 13 apply to both nancial instrument items and non- nancial instrument items for which other MFRSs require or permit fair value measurements and disclosures about fair value measurements, except for share-based payment transactions that are within the scope of MFRS 2 Share-based Payment, leasing transaction that are within the scope of MFRS 117 Leases, and measurements that have some similarities to fair value but are not fair value (e.g. net realisable value for the purposes of measuring inventories or value in use for impairment assessment purposes).

MFRS 13 de nes fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction in the principal (or most advantageous) market at the measurement date under current market conditions. Fair value under MFRS 13 is an exit price regardless of whether that price is directly observable or estimated using another valuation technique. Also, MFRS 13 includes extensive disclosure requirements.

MFRS 13 requires prospective application from 1 January 2013. In addition, speci c transition provisions were given to entities such that they need not apply the disclosure requirements set out in the MFRS 13 in comparative information provided for periods before the initial application of the MFRS 13. In accordance with these transitional provisions, the Group and the Company have not made any new disclosures required by MFRS 13 for the comparative period. Other than the additional disclosures, the application of MFRS 13 did not have any material impact on the amounts recognised in the Group’s and in the Company’s nancial statements.

2.5 Standards Issued But Not Yet Effective

The Group and the Company have not applied the following new MFRSs, amendments to MFRSs and IC Interpretations (“IC Int”) that have been issued by the Malaysian Accounting Standards Board (“MASB”) but are not yet effective for the Group and for the Company:



THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P


Effective for nancial periods beginning on or after 1 January 2014

Amendments to MFRS 10, 12 and 127 Consolidated Financial Statements, Disclosure of Interests in Other Entities and Separate Financial Statements: Investment Entities

Amendments to MFRS 132 Financial Instruments: Presentation - Offsetting Financial Assets and Financial Liabilities

Amendments 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 nancial periods beginning on or after 1 July 2014

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


MFRS 14 Regulatory Deferral AccountsAmendments to MFRS 10 and MFRS 128 Sale or Contribution of Assets between an Investor and its

Associate or Joint VentureAmendments to MFRS 11 Accounting for Acquisitions of Interests in Joint OperationsAmendments to MFRS 116 and 138 Clari cation of Acceptable Methods of Depreciation and

AmortisationAmendments to MFRS 116 and MFRS 141 Agriculture: Bearer PlantsAmendments to MFRS 127 Equity Method in Separate Financial StatementsAnnual Improvements to MFRSs 2012–2014 Cycle


MFRS 15 Revenue from Contracts with Customers

Effective for nancial periods beginning on or after 1 January 2018MFRS 9 Financial Instruments (IFRS 9 issued by IASB in July 2014)Amendments to MFRS 7 Financial Instrument: Disclosures - Mandatory Date of MFRS 9

and Transition Disclosures

The existing MFRS 111, MFRS 118, IC Int 13, IC Int 15, IC Int 18 and IC Int 131 will be withdrawn upon the adoption of MFRS 15 on 1 January 2017.

The initial application of the above standards is not expected to have any nancial impacts to the nancial statements upon adoption.

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.

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.


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

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.

(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.



THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P


(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 RM3,719,442 (2013: RM4,195,999).

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 adopted MFRS 10 Consolidated Financial Statements in the current nancial year. This

resulted in changes to the following policies:

• Control exists when the Group is exposed, or has rights, to variable returns through its power over the entity. In the previous nancial years, control exists when the Group has the ability to exercise its power to govern the nancial and operating policies of an entity so as to obtain bene ts from its activities.

• Potential voting rights are considered when assessing control only when such rights are substantive. In the previous nancial years, potential voting rights are considered when assessing control when such rights are presently exercisable.

• The Group 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. In the previous nancial years, the Group did not consider de facto power in its assessment of control.

The change in accounting policy has been made retrospectively and in accordance with the transitional provision of MFRS 10. However, the adoption of MFRS 10 has no signi cant impact to the nancial statements of the Group for the current nancial year.

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

Upon the disposal of an 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 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.


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

(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.

(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 subsidiary. 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.



THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P


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.

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 land is amortised over its lease period of 68 to 919 years.

A property interest under an operating lease is classi ed and accounted for as an investment property on a property-by-property basis when the Group holds it to earn rentals or for capital appreciation or both. Any such property interest under an operating lease classi ed as an investment property is carried at fair value.

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

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

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 if the carrying amount of an asset or its related CGU exceeds its estimated recoverable amount.

Impairment losses are recognised in pro t or loss. Impairment losses recognised in respect of CGU are allocated rst to reduce the carrying amount of any goodwill allocated to the CGU (group of CGU) on a pro rata basis.

An impairment loss in respect of goodwill is not reversed. In respect of other non- nancial assets, impairment losses recognised 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 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.



THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P


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.

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 a currently enforceable legal rights 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.


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

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 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.

3.12 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 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.

3.13 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.



THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P


3.14 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.

3.15 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 the future taxable pro ts will be available against which the unutilised tax incentive can be utilised.

3.16 Foreign Currency

Foreign currency transactions

Transactions in foreign currencies are translated to the respective functional currencies of 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 retranslated to the functional currency at the exchange rate at that date.

Non-monetary assets and liabilities denominated in foreign currencies at the end of the reporting period, except for those that are measured at fair value, are retranslated to the functional currency at the exchange rate at the date that the fair value was determined.

Foreign currency differences arising on retranslation are recognised in pro t or loss, except for differences arising on the retranslation of available-for-sale equity instruments or a nancial instrument designated as a hedge or currency risk, which are recognised in other comprehensive income.

Operations denominated in functional currencies other than Ringgit Malaysia

The assets and liabilities of operations denominated in functional currencies other than RM, 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.

Foreign currency 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.


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

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.

3.17 Share Capital, Share Issuance Expenses and Dividends

An equity instrument is any contract that evidences a residual interest in the assets of the Group and 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.

3.18 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.

3.19 Contingencies

A contingent liability or asset is a possible obligation or asset that arises from past events and whose existence will be con rmed only by the occurrence or non-occurrence of uncertain future events not wholly within the control of the Group and of the Company.

Contingent liabilities and assets are not recognised in the statement of nancial position of the Group and of the Company.



THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P


4. PROPERTY, PLANT AND EQUIPMENT

GROUP

2014

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 58,139 204,751 171 , 481 10,057 137,054 1,220 970,613

Additions - - - 1,794 13 ,98 1 - 22,336 129 38,240

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

Written off - - (989) (611) (2,204) - (7) - (3 ,811)

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 57,150 205,873 180, 1 1 9 9,636 159,383 756 1,000,828

Accumulated depreciation

Balance at beginning 31,183 2,470 21,513 156,424 166,896 8,346 104,379 - 4 9 1 , 2 1 1

Current charge 5,502 328 2,563 3,502 1 3,649 524 10,905 - 36,973

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

Written off - - (250) (51 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 8,449 115,279 - 521,162

Carrying amount 328,544 19,884 33,324 46,502 5,365 1,187 44,104 756 479,666

2013

At Cost

Balance at beginning 365, 183 27,304 70,904 204,094 167,089 9,577 130,825 1,489 976,465

Additions 46 - - 1,707 8,9 1 5 487 6,229 469 17,853

Disposals - - (2,258) (192) (2,252) (7) - - (4,709)

Written off - - - (738) (3,236) - - - (3,974)

Reclassi cation - - - ( 120) 927 - - (807) -

Foreign currency translation - - - - 38 - - 69 107

Reclassi cation to non- current assets held for sales - (4,622) (1 0 ,507) - - - - -

(15,129)

Balance at end 365,229 22,682 58, 139 204,7 5 1 17 1 ,48 1 10,057 137,054 1,220 970,6 1 3


Balance at beginning 25,683 2, 145 19,251 153, 138 158,556 7,540 94,660 - 460,973

Current charge 5,500 393 2,731 4, 159 13,584 8 1 3 9 , 7 1 9 - 36,899

Disposals - - (249) (180) (2,1 83) (7) - - (2,619)

Written off - - - (693) (3,094) - - - (3,787)

Foreign currency translation - - - - 33 - - - 33

Reclassi cation to non- current assets held for sales - (68) (220) - - - - - (288)

Balance at end 31,183 2,470 21,5 13 156,424 166,896 8,346 104,379 - 491, 2 1 1

Carrying amount 334,046 20,2 12 36,626 48,327 4,585 1 , 7 1 1 32,675 1,220 479,402


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P


COMPANY

Leaseholdlands

RM’000

LeaseholdbuildingsRM’000

EquipmentRM’000

Furniture, xtures

and ttings

RM’000

MotorvehiclesRM’000

RenovationRM’000

Total RM’000

2014

At cost

Balance at beginning 18,409 1 1 , 5 6 1 3,274 2,889 7 5 1 4 ,921 41,805

Additions - - 2 20 - 124 146

Disposal - - - - (375) - (375)

Written off - - (5) - - - (5)

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

Balance at end 18,409 11,561 3,271 2,889 376 5,045 41,551


Balance at beginning 1,559 1,095 1,814 1,753 750 2,180 9, 1 5 1

Current charge 293 2 3 1 206 148 - 381 1,259

Disposal - - - - (375) - (375)

Written off - - (2) - - - (2)

Balance at end1,852 1,326 2,018 1,901 375 2,561 10,033

Carrying amount 16,557 10,235 1,253 988 1 2,484 31,518

2013

At cost

Balance at beginning 18,409 1 1 ,56 1 3,266 2,889 751 4 ,92 1 41,797

Additions - - 8 - - - 8

Balance at end 18,409 11 ,561 3,274 2,889 751 4,921 41,805


Balance at beginning 1,267 864 1,594 1,595 750 1,795 7,865

Current charge 292 231 220 158 - 385 1,286

Balance at end 1,559 1,095 1,814 1,753 750 2,180 9 , 1 5 1

Carrying amount 16,850 10,466 1,460 1,136 1 2,741 32,654


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P


(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 RM2,605,746 (2013: RM2,623,921) have yet to be issued by the relevant authorities.

5. INVESTMENT PROPERTIES

GROUP COMPANY

2014RM’000

2013RM’000

2014RM’000

2013RM’000

Freehold land and buildings 173,345 165,832 - -

Leasehold land 17,275 20,206 16,557 16,850

Leasehold buildings 10,665

201,285

18,0 17

204,055

10,235

26,792

10,466

27,3 1 6

GROUP

Freeholdland andbuildingsRM’000

Leaseholdland andbuildingsRM’000

TotalRM’000

2014

At cost

Balance at begining 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 86 1,279

Current charge 547 93 640

Disposals - (220) (220)

Balance at end 1,640 59 1,699

Carrying amount 59,753 2,0 1 1 61,764


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

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 RM426,307 (2013: RM431,703) 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.

Freeholdland andbuildingsRM’000

Leaseholdland andbuildingsRM’000

TotalRM’000

2013

At cost

Balance at beginning 62,330 63,442 125,7 7 2

Disposals (937) - (9 3 7)

Reclassi ed to non-current assets held for sale - (55,576) (55,576)

Balance at end 61,393 7,866 69,2 5 9


Balance at beginning 555 92 647

Current charge 547 835 1,3 8 2

Disposals (9) - (9)

Reclassi ed to non-current assets held for sale - (741) (7 4 1 )

Balance at end 1,093 186 1,2 7 9

Carrying amount 60,300 7,680 67,980


GROUP

2014RM’000

2013RM’000

Freehold land and buildings 17,622 17,807

Leasehold land and buildings - 432

17,622 18,239

2014 Level 1RM

Level 2RM

Level 3RM

Freehold land and buildings - 77,560 -

Leasehold land and buildings - 6,200 -


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

COMPANY

2014RM’000

2013RM’000

Unquoted shares, at cost 388,437 388,537

Less : Accumulated impairment loss

Balance at beginning (26,448) (26,448)

Current year (3,366) -

Balance at end (29,814) (26,448)

358,623 362,089

6. INVESTMENT IN SUBSIDIARIES

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

2014 2013

% %

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.


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P


2014 2013

% %

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.

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.



THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P


2014 2013

% %

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.

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



THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P


2014 2013

% %

Paci c Hypermarket & Departmental Store Sdn. Bhd.

100 100 Investment holding and operation of department store and hypermarket.

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.

Paci c Department Store (Prai) Sdn. Bhd. 100 100 Inactive.

SB Mall Sdn. Bhd. - 100 Investment holding.

* 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.



THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P


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 summarises the net assets disposed of at the disposal date:

Net cash in ow arising from the disposal is 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.

7. OTHER INVESTMENTS

8. INTANGIBLE ASSETS

RM’000

Property, plant and equipment (Note 4) 21

Trade and other receivables 4,7 0 3

Cash and bank balances 3,7 3 6

Non-current assets held for sale (Note 14) 69,6 7 6

Trade and other payables (22,8 4 1 )

Borrowing (51 ,300)

Current tax liabilities (550)

Total identi able net assets 3,4 4 5

Less: Disposal consideration (4,500)

Gain on disposal of a subsidiary 1,0 5 5

RM’000

Disposal consideration 4,500

Cash and bank balances (3,7 3 6)

764

GROUP

2014RM’000

2013RM’000

Available-for-sale nancial assets

Shares quoted in Malaysia, at fair value 14 15

Unquoted shares, at cost 5 5

19 20

Market value of quoted shares 14 15

GROUP

2014RM’000

2013RM’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


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P


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

2014RM’000

2013RM’000

Balance at beginning 1,049 1,072

Transfer to pro t or loss (156) (23)

Balance at end 893 1,049

GROUP COMPANY

2014RM’000

2013RM’000

2014RM’000

2013RM’000

Balance at beginning 31,755 32,972 178 199

Transfer to pro t or loss (1,492) (1,475) (12) (9)

30,263 31,497 166 190

Under/(Over) provision in prior year 1,629 258 - (12)

Balance at end 31,892 31,755 166 178


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P


GROUP

2014RM’000

2013RM’000

Unabsorbed tax losses 1,965 1,855

Unabsorbed capital allowances 1,901 1,627

Property, plant and equipment (669) (760)

3,197 2,722

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

2014RM’000

2013RM’000

2014RM’000

2013RM’000

Previous fair value adjustment to the properties of subsidiaries

876 913 - -

Previous revaluation surplus of freehold building 22,054 22,289 - -

Property, plant and equipment 8,962 8,553 166 178

31,892 31,755 166 178

GROUP COMPANY

2014RM’000

2013RM’000

2014RM’000

2013RM’000

Trade receivables (Note 10.1)

Gross amount 2,850 1,907 - -

Less : Allowance for impairment - -

Balance at beginning 1,007 973 - -

Current year 76 34 - -

Balance at end (1,083) (1,007) - -

1,767 900 - -

Other receivables (Note 10.2) 22,635 25,306 - -

Less : Allowance for impairment (1,584) - - -

21 ,051 25,306 - -

Deposits 27,100 27,965 9 11

Prepayments 5,445 4,858 - -

53,596 58,129 911

Total trade and other receivables 55,363 59,029 9 11


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

10.1 Trade receivables

Trade receivables represent amounts due from credit cards issuing banks arising from the sale of goods to customers and are generally on 30 to 120 days (2013: 30 to 120 days) credit terms. They are recognised at their original sales amount which represents 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 RM121,530,636 (2013: RM99,881,624) which earns an interest at 8% (2013: 8%) per annum.

12. DEPOSITS WITH LICENSED BANKS

The encumbered xed deposits were pledged to a licensed bank for banking facilities granted to the Group.

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:


2014RM’000

2013RM’000

Ringgit Malaysia 18,127 22,351

Chinese Renminbi 2,238 2,267

Hong Kong Dollar 686 680

US Dollar - 8

21,051 25,306

2014RM’000

2013RM’000


Chinese Renminbi 13 13

Hong Kong Dollar 3 3

37,339 24,201

GROUP COMPANY

2014RM’000

2013RM’000

2014RM’000

2013RM’000

Repo - unencumbered 600 26,500 - 10,500

Fixed deposits - encumbered - 1,411 - -

- unencumbered 145,995 135,880 - -

146,595 163,791 - 10,500

GROUP COMPANY

2014 2013 2014 2013

Interest rates per annum (%) 2.60 to 3.50 2.00 to 3.41 - 2.40

Maturities (days) 1 to 365 1 to 365 - 2


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

14. NON-CURRENT ASSETS HELD FOR SALE

The non-current assets held for sale is in respect of a property transferred to a subsidiary, SB Mall Sdn. Bhd., which the subsidiary was subsequently disposed of pursuant to a share sale agreement dated 27 December 2013 (Note 6).

15. SHARE CAPITAL

16. FOREIGN TRANSLATION RESERVE

This is in respect of foreign exchange differences on translation of the nancial statements of foreign subsidiaries.

17. RETAINED PROFITS

As at 31 December 2013, the remaining 108 balance of the Company has expired upon reaching the six-year transition period and the Company automatically moves to the single-tier system. Accordingly, there are no longer any restrictions on the Company to distribute dividends subject to the availability of retained pro ts effective 1 January 2014.

18. 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.


Number ofordinary shares of

RM1 eachAmount

2014RM’000

2013RM’000

2014RM’000

2013RM’000

Authorised 88,000 88,000 88,000 88,000

Issued and fully paid 68,504 68,504 68,504 68,504

GROUP

2014RM’000

2013RM’000

Balance at beginning 69,676 -

Reclassi ed from: - property, plant and equipment - 14,841

- investment properties - 54,835

Disposal (69,676) -

Balance at end- 69,676

GROUP

2014RM’000

2013RM’000

Balance at beginning 4,1 9 6 4,286

Additions during the year 1,625 1,987

Transfer to pro t or loss (2,101) (2,077)

Balance at end, expiring within three years 3,720 4,196

Less : Outstanding balance due not later than one year (1,828) (2,010)

Outstanding balance due later than one year but not later than three years 1,892 2,186


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

19. 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 Companies, (ii) Fixed deposits of a subsidiary, and (iii) Corporate guarantee of the Company and of a subsidiary.

A summary of the effective interest rates and the maturities of the borrowings are as follows:

^Included herein was a bank term loan granted under the Syariah principle of Al-Bai Bithaman Ajil which bears a xed pro t rate of RM4,593 per month.

20. TRADE AND OTHER PAYABLES


GROUP COMPANY

2014RM’000

2013RM’000

2014RM’000

2013RM’000

Non-current liabilities

Secured:

Bank term loans 114,938 192,534 109,796 137,736

Current liabilities

Secured:

Bank term loans 28,103 32,037 27,941 27,941

GROUP COMPANY

2014RM’000

2013RM’000

2014RM’000

2013RM’000

Trade payables (Note 20.1) 339,574 352,105 - -

Other payables (Note 20.2) 33,197 32,023 352 276

Accruals (Note 20.3) 17,194 16 ,741 687 780

Deposits 9,904 13,295 - -

399,869 414,164 1,039 1,056

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

2014

Bank term loans 5.05 to 5.44 143,041 28,103 28,112 77,605 9,221

2013

Bank term loans^ 4.80 to 9.00 224,571 32,037 31,931 95,855 64,748

COMPANY

2014


2013



THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P


20.1 Trade payables

Trade payables represent amounts outstanding for trade purchases. They are non-interest bearing and are normally settled within 7 to 150 days (2013: 7 to 150 days) credit terms.

20.2 Other payables

The currency pro le of the Group’s other payables is as follows:

20.3 Accruals

The currency pro le of the Group’s accruals is as follows:

21. REVENUE

22. COST OF SALES

2014RM’000

2013RM’000


Chinese Renminbi 794 813

33,1 9 7 32,023

2014RM’000

2013RM’000


Hong Kong Dollar 1 1 11

US Dollar 8 8

17,079 16,74 1

GROUP COMPANY

2014RM’000

2013RM’000

2014RM’000

2013RM’000

Sale of goods net of discounts 1,750,482 1,869,349 - -

Dividend income 5 - 40,000 40,000

Management fees - - 2,840 2, 8 2 1

Rental income from investment properties 17,212 19,788 - -

1,767,699 1,889,1 3 7 42,840 42,821

GROUP

2014RM’000

2013RM’000

Cost of goods sold 1,396,787 1,524,987

Direct operating costs relating to rental generating investment properties 1,447 716

1,398,234 1,525,703


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

23. PROFIT BEFORE TAX


This is arrived at:

GROUP COMPANY

2014RM’000

2013RM’000

2014RM’000

2013RM’000

After charging/(crediting):

Auditors’ remuneration

- Audit fee

Company’s auditors

- Current year 525 500 33 30

- under provision in prior year 25 - 3 -

Other auditors 30 29 - -

- Non-audit fees

Company’s auditors 3 - - -

Bad debts - 5 4,929 -

Debts waived by a subsidiary - - (6,837) -

Depreciation

- property, plant and equipment 3 6 , 9 7 3 36,899 1,259 1,286

- investment properties 640 1 ,382 - -

Directors’ remuneration for non-executive directors

- allowance 63 63 63 63

- fees 172 172 136 1 3 6

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

Gain on disposal of investment properties (1 2 3 ) (13) - -

Gain on disposal of property, plant and equipment (7) (2,020) (5) -

Gain on disposal of a subsidiary - - (4,400) -

Gross dividends from unquoted investments (5) - - -

Gross dividends from unquoted subsidiaries - - (40,000) (40,000)

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

Impairment loss on receivables 1 ,660 34 - -

Interest expense on:

- bank overdraft 19 8 10 2

- term loans 9 , 5 5 5 12,027 7, 8 1 3 8 , 9 1 5

- others 8 5 2 3 5 1 8 4 8 3 4 7

Interest income (3 ,934) (3,273) (9,633) (7,464)

Inventories written off 2,000 - - -

Property, plant and equipment written off 9 3 3 187 3 -

Rental of premises 8 2 , 7 1 6 93,888 - -

Rental of motor vehicle 5 5 - - -

Rental income from

- investment properties (17,509) (19,941) - -

- others (21 , 3 1 6 ) (17,425) - -


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

24. TAX EXPENSE

The reconciliation of the tax expense of the Group and of the Company is as follows:


GROUP COMPANY

2014RM’000

2013RM’000

2014RM’000

2013RM’000

Malaysian income tax :

Based on results for the year

- Current tax (17,132) (15,570) (9,889) (9,193)

- Deferred tax

Relating to origination and reversal of temporary differences 1,005 1,452 5 9

Changes in tax rate 3 3 1 - 7 -

1 ,336 1,452 1 2 9

(15,796) (14, 1 1 8) (9,877) (9,184)

Real property gain tax (54) - - -

(Under)/Over provision in prior year

- Current tax (210)(1,629)

132(258)

10-

(95) 12- Deferred tax

(1,839) (126) 10 (83)

(17,689) (14,244) (9,867) (9,267)

GROUP COMPANY

2014RM’000

2013RM’000

2014RM’000

2013RM’000

Pro t before taxation 38,070 35,018 4 1 , 1 6 4 3 5 , 5 3 6

Income tax at Malaysian statutory tax rate of 25% (9,518) (8,754) ( 1 0 ,2 9 1 ) (8,884)

Income not subject to tax 1 , 3 9 1 525 2 , 8 1 0 -

Expenses not deductible for tax purposes (7,793) (6,099) (2,403) (300)

Utilisation of unabsorbed tax losses 1 4 7 274 - -

Deferred tax assets not recognised (625) (335) - -

Annual crystallisation of deferred tax on revaluation surplus 2 7 1 271 - -

Changes in tax rate 3 3 1 - 7 -

(15,796) (14,118) (9,877) (9 , 184)

Real property gain tax (54) - - -

(Under)/Over provision in prior year (1,839) (126) 10 (83)

(17,689) (14,244) (9,867) (9,267)


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

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.

25. 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 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.

26. 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 2014 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 2015.


GROUP

2014RM’000

2013RM’000

Unabsorbed tax losses 25,676 25,234

Unabsorbed capital allowances 17,696 16,603

2014 2013

Pro t attributable to owners of the company (RM’000) 20,387 20,780

Weighted average number of ordinary shares of RM1 each (’000) 68,504 68,504

Basic earnings per share (sen) 29.76 30.33

Diluted earnings per share (sen) 29.76 30.33

2014RM’000

2013RM’000

First and nal single tier dividend of 3.75 sen per share in respect of the nancial year ended 30 September 2013 2,569 -

First and nal tax dividend of 5 sen per share less 25% tax in respect of the nancial year ended 30 September 2012 - 2,569

2,569 2,569

Net dividend per ordinary share (sen) 3.75 3.75


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

27. 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

2014RM’000

2013RM’000

2014RM’000

2013RM’000

Directors of the Company

Executive directors

-Salaries 3,126 3, 189 3,126 3,189

-EPF 375 383 375 383

-Fees 504 516 36 48

4,005 4,088 3,537 3,620

Directors of the subsidiaries

Executive directors

-Salaries 523 521 - -

-EPF 64 45 - -

-Fees 420 420 - -

1,007 986 - -

5,012 5,074 3,537 3,620

Bene ts-in-kind

- executive directors of the Company 52 57 52 57

- non-executive directors of the Company 11 11 11 11

- executive directors of the subsidiaries 12 12 - -

75 80 63 68

5,087 5,1 54 3,600 3,688

Analysed as:

Present directors 4,858 5, 154 3,371 3,688

Past director 229 - 229 -

5,087 5,1 54 3,600 3,688

GROUP COMPANY

2014RM’000

2013RM’000

2014RM’000

2013RM’000

Salaries, wages, allowance and bonus 111,047 108,957 3,126 3,189

Directors’ fees 924 936 36 48

EPF 12,016 11,709 375 383

SOCSO 1,559 1,548 2 2

Other staff related expenses 2,041 2,372 - -

127,587 125,522 3,539 3,622


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

28. 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

2014RM’000

2013RM’000

2014RM’000

2013RM’000

Rental of premises charged by related parties- Y. S. Tang Holdings Sdn. Bhd 8,262 6,912 - -

- Dream Property Sdn. Bhd. 4,013 4,015 - -

- Unifortune Holdings Sdn. Bhd. 723 - - -

Gross dividend income from subsidiaries - - 40,000 40,000

Professional fees paid to a related party- Iza Ng Yeoh & Kit 32 - - -

Rental income from a related party- Georgetown White Coffee 100 124 - -

Management fee from subsidiaries - - 2,840 2 , 8 2 1

Interest income from subsidiaries - - 9,616 7,452

Sales to a related party - Georgetown White Coffee Sdn. Bhd. 72 - - -

Advance from subsidiaries - - 705 2,825

Advance to subsidiaries - - 15,094 -

Repayment from subsidiaries - - - 11,653


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P


(iii) Compensation of key management personnel

Key management personnel comprise the Board of Directors of the Company and of its subsidiaries.

29. 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 15 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:

30. CONTINGENT LIABILITIES (UNSECURED)

GROUP COMPANY

2014RM’000

2013RM’000

2014RM’000

2013RM’000

Salaries and other short-term employee bene ts 5,322 5,389 3,799 3,887

GROUP

2014 2013

RM’000 RM’000

Contracted but not provided for:- Property, plant and equipment - 802

2014RM’000

2013RM’000

Future minimum lease payments

- Not later than one year 24,221 2,418

- Later than one year but not later thantwo years

21,302 3,714

45,523 6,132

COMPANY

2014RM’000

2013RM’000

Corporate guarantees in respect of banking facilities granted to subsidiaries- Limit

45,500 107,389


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

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.

31. SEGMENT ANALYSIS

No segment analysis is prepared as the Group is primarily engaged in retail operations in Malaysia.

32. FINANCIAL INSTRUMENTS

32.1 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

2014

Financial assets

Other investments 19 - 19 -

Trade and other receivables 49,918 49,918 - -

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

Cash and bank balances 37,339 37,339 - -

233 ,871 233,852 19 -


Trade and other payables 399,869 - - 399,869

Borrowings 143,041 - - 143,041

542,910 - - 542,910

2013

Financial assets

Other investments 20 - 20 -

Trade and other receivables 54 , 1 7 1 54, 1 7 1 - -

Deposits with licensed banks 1 6 3 , 7 9 1 163,791 - -

Cash and bank balances 24 ,201 24,201 - -

2 4 2 , 1 8 3 242,163 20 -


Trade and other payables 414 , 164 - - 414 , 164

Borrowings 224, 5 7 1 - - 224, 5 7 1

638,735 - - 638,735


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P


Carryingamount L&R AFS FL

RM’000 RM’000 RM’000 RM’000

COMPANY

2014

Financial assets

Other receivables 9 9 - -

Amount due from subsidiaries 2 0 3 ,904 203,904 - -

Cash and bank balances 1 ,503 1 ,503 - -

205,416 205,416 - -


Other payables 1,039 - 1,039

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

Borrowings 137,737 - - 137,737

311,232-

- 311,232

2013

Financial assets

Other receivables 11 11 - -

Amount due from subsidiaries 1 9 2 ,929 1 9 2,929 - -

Deposits with licensed banks 1 0 ,500 1 0,500 - -

Cash and bank balances 1 ,242 1 ,242 - -

204,682 204,682 - -


Other payables 1 ,056 - 1 ,056

Amount due to subsidiaries 1 7 8 ,588 - - 178 ,588

Borrowings 1 6 5 ,677 - - 165,677

3 4 5 , 3 2 1 - - 345,321

32.2 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.

32.3 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.

32.3.1 Trade receivables The Group’s retail sales are conducted 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.


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

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 RM1,475,000 (2013: RM270,000) 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.

32.3.2 Financial guarantees The Company provides unsecured nancial guarantees to licensed banks in respect of banking facilities granted to its subsidiaries as disclosed in Note 30.

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

32.3.3 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.


2013

Not past due 630 - 630

1 to 30 days past due 53 - 53


Past due more than 60 days 1 , 1 98 (1,007) 191

1 ,277 (1,007) 270

1,907 (1,007) 900

Gross Impairment Net

RM’000 RM’000 RM’000

2014

Not past due 292 - 292



Past due more than 60 days 1,856 (1,083) 773

2,558 (1,083) 1,475

2,850 (1,083) 1,767


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P


32.4 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

2014

Interest bearing

borrowings 143,041 1 66,035 35 , 189 33,693 85,301 11,852

Trade and other payables 399,869 399,869 399,869 - - -

542,910 565,904 435,058 33,693 85,301 11,852

2013

Interest bearing

borrowings 2 2 4, 5 7 1 253,655 3 9 ,957 38,465 107,133 68,100

Trade and other payables 414, 164 4 1 4 , 1 6 4 4 1 4 , 1 6 4 - - -

638,735 6 6 7 , 8 1 9 4 5 4, 1 2 1 38,465 107,133 68,100

COMPANY

2014

Interest bearing borrowings 137,737 157 ,669 34,762 33,264 84,022 5,621

Other payables 1 ,039 1,039 1,039 - - -

Intercompany balances 172,456 172 ,456 1 7 2,456 - - -

311 ,232 3 3 1 , 1 6 4 208,257 33,264 84,022 5,621

2013

Interest bearing borrowings 165,677 191,695 35,594 34, 2 1 7 94,390 27,494

Other payables 1 ,056 1,056 1,056 - - -

Intercompany balances 178,588 178,588 178,588 - - -

345,321 371,339 215,238 34, 2 1 7 94,390 27,494


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P


32.5 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 taxation of the Group and of the Company by RM394,000 (2013: RM598,000) and RM363,000 (2013: RM440,000) 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.

32.6 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 (2013: 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 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.

2014 2013

RM’000 RM’000

GROUP

Fixed rate instruments Financial assets 146,595 163,791

Floating rate instrumentsFinancial liabilities 143,041 224,571

COMPANY

Fixed rate instruments Financial assets 121,531 110,382

Floating rate instrumentsFinancial liabilities 137,737 165,677


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P


Level 1 RM’000

Level 2 RM’000

Level 3 RM’000

Total fair valueRM’000

Carrying amountRM’000

2014

Financial assets

Available-for-sale nancial assets 14 - - 14 14

2013

Financial assets

Available-for-sale nancial assets 15 - - 15 15

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 1 fair value

Level 1 fair value is derived from quoted price (unadjusted) in active markets for identical quoted shares that the entity can access at the measurement date.

33. 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 selling assets to reduce debts. No changes were made in the objective, policy and process during the nancial year under review and the previous nancial period.

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.

GROUP

2014RM’000

2013RM’000

Net cash ow from operations and other activities (A)

Opening balance of cash and cash equivalents 186, 58 1 153,260

Net cash in ow/(out ow) from operating activities (excluding interest paid) 70, 904 93,254

Net cash in ow/(out ow) from investing activities (excluding capital expenditure nanced through banking facilities) (30, 3 2 1 ) (12,802)

Dividends paid (2,569) (2,569)

224,59 5 231,143

Net cash ow from nancing activities (B)

Interest paid 1 0, 4 2 6 12,386

Repayment of bank borrowings 30, 2 3 0 32, 173

40, 6 5 6 44,559

DSCR: (A) / (B) 5.52 5.19


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

34. 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 RM103,700,637 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 is now xed for hearing on 10 March 2015.

SUPPLEMENTARY INFORMATION

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

2014RM’000

2013RM’000

2014RM’000

2013RM’000

Total retained pro ts of the Company and its subsidiaries :

- Realised 640,314 625,384 224,350 195,634

- Unrealised (8,069) (7,504) (166) (178)

632,245 617,880 224,184 195,456

Less : Consolidation adjustments (235,926) (239,378) - -

Total retained pro ts as per statements of nancial position

396, 3 1 9 378,502 224,184 195,456



THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

List Of Material Properties

Registered Owner/Location Description / Existing Use

Approx.age of

buldings(years)

Tenure(years ofexpiry)

Land Area(Built-up

area)

Date of Acquisition(A)/Valuation(V)

NBVas at

30.9.14RM’000

1 Jurus Kota Sdn BhdPT No. 9264, 9265 & Lot No. 10538Mukim Pengkalan KundorKedah Darul AmanDaerah Kota Setar

2 storeyCommercial

complex / businessoperation

12 Freehold 296,532 sq. ft 13.2.2008 (A) 171,776

2 Paci c Hypermarket PropertiesSdn BhdParcel B888, Basement Floor, Megamal, Jalan Baru Prai, Mukim 1, Province Wellesley Central, Penang

Commerial units within a 5-commercial

centre/ business operation

17 Freehold 198,706 sq. ft. 30.3.2007(V) 75,353

3 Bigever Properties Sdn BhdParcel G888 & 1888, Ground & First FloorMegamal, Jalan Baru Prai, Mukim 1, Province Wellesley Central, Penang

Commerial units within

a 5-commercial centre/ business

operation

17 Freehold 111,640 sq ft 30.3.2007(V) 42,982

4 The Store (Malaysia) Sdn BhdP.T.No.479, Town of Teluk Intan,District of Hilir Perak, State of Perak

4 storey shopping complex with

basement & roof oor/ business

operation

19 Freehold 44,433 sq. ft. 13-10-2006 (A) 37,240

5 Fajar Supermarket Sdn BhdP.T. Nos 16743 to 16757, Town of Sitiawan,District of Manjung, State of Perak

3 storey shopping complex/ business

operation 23 Freehold 25,827 sq. ft 13.10.2006(A) 23,593

6 The Store Corporation BhdLot 328, Jalan 223, 46100 Petaling Jayar

4-storey of ce building with

basement car park/of ce

44

leasehold99 years(22.8.2070)

64,562 sq ft(100,928 sq ft)

25-6-2010 (A) 19,930

7 The Store (Malaysia) Sdn BhdGeran 35320Lot 9164N, Mukim Bandar IpohDistrict of Kinta, Jalan Dato’ Onn Jaafar30300 Ipoh, Perak

5 storey shopping complex/ business

operation

22 Freehold 20,000 sq. ft. ‘02.04.2010 14,450

8 The Store Corporation BhdQ.T.(R) 6366 L.O. Lot 9A, Jalan 223Petaling Jaya, Selangor

double storey industry building/

of ce 43


65,340 sq ft(32,000 sq ft)

2/11/2001 (A) 6,86 1

9 The Store (Malaysia) Sdn BhdNos. 01 & 02 , Level 7 of Commercial SignatureOf ce at BU 8, PN 12392, Lot 49501 Seksyen 39MK Bandar Petaling Jaya, Selangor

2 units 8-storey shop of ce / vacant

8


95,104 sq. ft. 14-1-1992 (A) 4,250

10 Taiping Supermarket Holdings S/BLot No.1987- 1990Bandar Taping, Tempat Taiping,Daerah Larut & Matang, Perak

4-storey shophouse complex/ vacant 36 Freehold

6,859 sq. ft. (24,130 sq. ft.)

24-6-1982 (A) 3,100


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

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 58 4.95 1,929 0.00100 to 1,000 141 12.03 63,755 0.091,001 to 10,000 852 72.70 1,853,818 2.7 110,001 to 100,000 83 7.08 2,291,552 3.35100,001 to less than 5% of issued shares 36 3.07 49,389,718 72.105% and above of issued shares 2 0.17 14,902,830 21.75

TOTAL 1,172 100.00 68,503,602 100.00

SUBSTANTIAL SHAREHOLDERSas at 30 January 2015

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 Bhd - - 3,913,100# 5 .7 1

8. Juara Sejati Sdn Bhd 3,913,100# 5 .7 1

DIRECTORS’ SHAREHOLDINGas at 30 January 2015

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, PSDKGL@ Deemed interested by virtue of her major shareholdings in ECSB pursuant to Section 6(A) of the Companies Act, 1965 and through

her husband, TSDTYS& 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, Prime 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 30 January 2015


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

NAME & ADDRESS OF SHAREHOLDERS No. Of Shares held % 1. EQUATORIAL CENTURY SDN BHD 10,5 1 3,830 15.35

2. KAF NOMINEES (TEMPATAN) SDN BHD Pledged securities account for Equatorial Century Sdn Bhd 4,389,000 6.41 3. MIDF AMANAH INVESTMENT NOMINEES (TEMPATAN) SDN BHD Pledged securities account for Megastar Ventures Sdn Bhd 3,420,000 4.99 4. SURPLUS-ED CAPITAL SDN BHD 3,41 1 ,400 4.98 5. NICETRADE CAPITAL SDN BHD 3,274,700 4.78 6. AFFIN HWANG NOMINEES (TEMPATAN) SDN BHD Pledged securities account for Amlied Holdings Sdn Bhd 3,1 90,000 4.66 7. KAF NOMINEES (TEMPATAN) SDN BHD Pledged securities account for Priority Prospect Sdn Bhd 3,072,300 4.48

8. INTER-PACIFIC EQUITY NOMINEES (ASING) SDN BHD for Berjaya Philippines Inc. 3,030,000 4.42 9 . TAN SRI DATO’ SRI TANG YEAM SOON 2,951,300 4.31 10. ADVANCE ULTIMATE SDN BHD 2,640,000 3.85 1 1 . MAYBANK NOMINEES (TEMPATAN) SDN BHD Pledged securities account for BBC Capital Sdn Bhd 2,304, 91 0 3.36 12 . ABB NOMINEE (TEMPATAN) SDN BHD Pledged securities account for Vincent Tan Chee Yioun 1 ,898,600 2.77 13 . NUSRAYA HOLDINGS SDN BHD 1 ,827,300 2.67 14. AFFIN HWANG NOMINEES (TEMPATAN) SDN BHD Pledged securities account for Perspektif Bakti Sdn Bhd 1 , 761 ,590 2.57

1 5. PAN PROSPERITY HOLDINGS SDN BHD 1 ,673, 1 50 2.44 1 6. AFFIN HWANG NOMINEES (TEMPATAN) SDN BHD Pledged securities account for Pan Prosperity Holdings Sdn Bhd 1 ,65 1,400 2.41 1 7. PERSPEKTIF BAKTI SDN BHD 1 ,605,100 2.34 18. PREMIER MERCHANDISE SDN BHD 1 ,434,700 2.09 1 9. PUAN SRI DATIN SRI KHOR GUIK LEE 1 ,365,100 1.99 20. MAYBANK NOMINEES (TEMPATAN) SDN BHD Pledged securities account for Azam Spektrum Sdn Bhd 1,276,400 1.86 21 . MAYBANK NOMINEES (TEMPATAN) SDN BHD Pledged securities account for Pancaran Kurnia Sdn Bhd 1 ,233,000 1.80 22. INTER-PACIFIC EQUITY NOMINEES (TEMPATAN) SDN BHD For Arsam Bin Damis 650,000 0.94

23. INTER-PACIFIC EQUITY NOMINEES (TEMPATAN) SDN BHD Pledged securities account for Fabulous Channel Sdn Bhd 634,100 0.93 24. MALAYSIA NOMINEES (TEMPATAN) SENDIRIAN BERHAD For Great Eastern Life Assurance (Malaysia) Berhad 630,600 0.92 25. PUBLIC NOMINEES (TEMPATAN) SDN BHD Pledged securities account for Surinder Singh a/l Wassan Singh 567,000 0.83

List Of Thirty Largest Shareholdersas at 30 January 2015


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

NAME & ADDRESS OF SHAREHOLDERS No. Of Shares held %

26. CIMB GROUP NOMINEES (TEMPATAN) SDN BHD Pledged securities account for Prime Credit Leasing Sdn Bhd 489,700 0.71 27. WONG YEE CHOO 486,200 0.71

28. TAN KIM KEE @ TAN KEE 401,800 0.59 29. PRIME CREDIT LEASING SDN BHD 393,400 0.57

30. KAM TEH CHUNG 352,955 0.52

List Of Thirty Largest Shareholders (cont’d)as at 5 February 2014


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

Notice ofAnnual GeneralMeeting


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

NOTICE IS HEREBY GIVEN that the Twenty-Second (22nd) 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, 27 March 2015 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 2014 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 2014. Resolution 1

3. To ratify and approve the payment of Directors’ Fees for the nancial year ended 30 September 2014. Resolution 2

4. To re-elect the following directors who retire in accordance with the provisions of the Company’s Articles of Association:

a) Mr Chang Yen Huei Resolution 3

b) Mr Yeoh Chong Keng 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 theCompanies 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 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 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 (subject to the passing of Resolution 4) 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 interest of the Company provided that the 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.

Notice Of Annual General Meeting


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

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; or

(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 the 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 authorised 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 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 transactions of a revenue nature with speci ed classes of Related Parties as speci ed in Section 3.2 of the Circular to shareholders dated 5 March 2015 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 term which are not more favourable to the Related Parties than those generally available to the public and are not detrimental to 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 a general 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 5 March 2015 which are necessary for the day to day operations of the Group provided 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 favourable to the Related Parties than those generally available to the public and are not detrimental to minority shareholders;

ii) disclosure is made in the annual report on 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)


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

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 2014, if approved, will be payable on 19 June 2015 to depositors who registered in the Record of Depository at the closure of business on 21 May 2015.

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 21 May 2015 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 : 5 March 2015

Notes:

1) Item 1 of the Agenda

To receive the audited nancial statements of the Company for the nancial year ended 30 September 2014 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 Attended

For purpose of determining who shall be entitled to attend this meeting, only members whose name appears on the Record of Depositors as at 23 March 2015 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 a general 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 authorized by this Ordinary Resolution.” Resolution 14

Notice Of Annual General Meeting (cont’d)


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

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 provision of Section 149(1) (b) of the Companies Act, 1965 shall not apply to the Company.

iv) If the appointer is a corporation member, the instrument appointing 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 2014.

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 28 March 2014 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 shares 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 5 March 2015, despatched together with this Annual Report.

iv) Proposed Renewal of Shareholders’ Mandate For Existing Recurrent Related Party Transactions and Proposed Shareholders’ Mandate For Additional Recurrent Related Party Transactions Of A Revenue Nature

The proposed adoption of the Ordinary Resolutions No. 13 & 14, if passed, will enable the Group to enter into recurrent transactions involving the interest 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’ mandates 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 Requirement.

Further information on these resolutions are set out in the circular to shareholders dated 5 March 2015, despatched together with this Annual Report.


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

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/or_____________________________________________________________________________________________________________or failing him/her, the Chairman of the Meeting as my/our proxy, to vote for me/us and on my/our behalf at the Twenty-Second (22nd) 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, 27 March 2015 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: Mr Chang Yen Huei

4. Re-election of Director: Mr Yeoh Chong Keng

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

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 (subject to passing of Resolution 4)

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 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 ___________________ 2015

The proportion of my/our holding to be represented by my/our proxy(ies) is/are 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 name appears on the Record of Depositors as at 23 March 2015 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 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 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.


THE

STO

RE

CO

RP

OR

ATI

ON

BER

HA

D(

INC

ORP

ORA

TED

IN

MA

LAYS

IA )

2

52

67

0-P

the store corporation berhad ( incorporated in … · 3 annual report 2014 the store corporation...

Documents