OFI AR 31-03-2013a

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CONTENTS
Notice of AGM
Chairmans Statement
Corporate Structure
Group Financial Highlights
Corporate Information
Protle of the Board of Uirectors
Statement of Corporate Governance
Statement Of Risk Management And
Internal Control
Audit Committee Report
Audited Financial Statements
Analysis of Shareholdings
List of Properties
Other Information
Proxy Form
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ORIENTAL FOOD INDUSTRIES HOLDINGS BERHAD 389769-M
ANNUAL REPORT 2013
NOTICE OF ANNUAL GENERAL MEETING
NOTICE IS HEREB GIvEN THAT the Seventeenth Annual General Meeting of Oriental Food Industries Holdings
Berhad will be convened and held at Tiara Banquet Hall, Tiara Melaka Golf and Country Club, 1alan Gapam,
Bukit Katil, 75760 Melaka on wednesday, 28 August 2013 at 2.30 p.m. to transact the following businesses:-
AGENUA
ORUINAR BuSINESS
1. To receive and adopt the statutory tnancial statements for the tnancial year ended 31 March
2013 together with the Uirectors and Auditors Reports thereon.

2. To approve the payment of single tier tnal dividend of RM0.02 per share for the tnancial year
ended 31 March 2013.

3. To approve the payment of Uirectors Fees of RM280,000 for the tnancial year ended 31 March
2013.

4. To re-elect Mr. Lim Hwa u who retires in accordance with Article 75 of the Companys Articles of
Association.
5. To re-elect Mr. Son Tong Eng who retires in accordance with Article 75 of the Companys Articles
of Association.
6. To re-elect Uatuk 1effery Ong Cheng Lock who retires in accordance with Article 75 of the Companys
Articles of Association.
7. To re- appoint Messrs Ernst & oung as Auditors of the Company and to authorise the Uirectors to
determine their remuneration.
SPECIAL BuSINESS

To consider and, if thought tt, to pass the following Ordinary Resolutions :-

8. ORDINARY RESOLUTION I
Approva| to Uontnue In Ofce as an Independent Non-Execut i ve Di rect or
THAT Bhg Tan Sri Uato Azizan Bin Husain who has served the Board as an Independent Non-
Executive Uirector of the Company for a cumulative term of more than nine years since 8 1une
2000 be and is hereby retained and continue to act as an Independent Non-Executive Uirector of
the Company."
9. ORDINARY RESOLUTION II
Authorty to A||ot Shares pursuant to Secton 132D of the Uompanes Act, 1965
THAT subject always to the Companies Act, 1965 (the Act") and the approval of the relevant
authorities, the Uirectors be and are hereby empowered pursuant to Section 132U of the Act,
to issue and allot shares in the Company from time to time at such price, upon such terms and
conditions, for such purposes and to such person or persons whomsoever as the Uirectors may in
their absolute discretion deem tt provided that the aggregate number of shares issued pursuant
to this resolution does not exceed 10 of the issued share capital of the Company for the time
being and that the Uirectors be and are also empowered to obtain approval from Bursa Malaysia
Securities Berhad (Bursa Malaysia") for the listing of and quotation for the additional shares so
issued and that such authority shall continue to be in force until the conclusion of the next Annual
General Meeting of the Company."

(Resolution 1)
(Resolution 2)
(Resolution 3)
(Resolution 4)
(Resolution 5)
(Resolution 6)
(Resolution 7)
(Resolution 8)
(Resolution 9)
3
ANNUAL REPORT 2013
(Resolution 10) 10. ORDINARY RESOLUTION III
Proposed Renewa| Of Shareho|ders' Mandate Ior Recurrent Re|ated Party Transactons Of A
Revenue Or Tradng Nature
THAT approval be given, pursuant to Paragraph 10.09 of the Listing Requirements of the Bursa
Malaysia Securities Berhad (Bursa Malaysia"), for the Company and its subsidiaries ('the Group)
to enter into recurrent related party transactions of a revenue or trading nature with the related
parties as described in the Circular to Shareholders dated 2 August 2013 ('Circular) for the Groups
day-to-day operations, provided that such transactions are carried out in the normal course of
business, at arms length, on normal commercial terms and on terms not more favourable to the
related parties than those generally available to the public and are not to the detriment of the
minority shareholders of the Company, and that such approval shall continue to be in force until
the conclusion of the next Annual General Meeting or the expiration of the period within which the
next Annual General Meeting is required by law to be held or revoked/varied by resolution passed
by the shareholders in general meeting whichever is earlier, and that the Uirectors of the Company
be authorised to complete and do all such acts and things (including executing all such documents
as may be required by the relevant authorities) to give effect to the shareholders mandate."
11. To transact any other business of the Company which due notices shall be given in accordance
with the Companys Articles of Association and the Companies Act, 1965.
NOTICE OF UIvIUENU ENTITLEMENT
NOTICE IS ALSO HEREB GIvEN THAT the following single tier tnal dividend for the tnancial year ended 31 March 2013,
if approved by shareholders, will be paid on 1 October 2013 to all shareholders whose names appear in the Record of
Uepositors of the Company at the close of business at 5.00p.m. on 2 September 2013 :-
(a) Single tier tnal dividend of RM0.02 per share amounting to RM1,200,000 on 60,000,000 ordinary shares of RM1.00
each.
A Uepositor shall qualify for entitlement only in respect of:-
a) Shares transferred into the Uepositors Securities Account on or before 4.00p.m. on 2 September 2013 in respect of
transfers, and
b) Shares bought on the Bursa Malaysia on a cum entitlement basis according to the Rules of the Bursa Malaysia.
B ORUER OF THE BOARU
KARINA UPONU MEI YINU (LS 0009542)
WONG SIEW YEEN (MAICSA 7018749)
CHEONG CHOON YIN (MAICSA 7019120)
1oint Secretaries
Selangor
Uate: 2 August 2013
NOTES :
1. In regard of deposited securities, only members whose names appear in the Record of Uepositors as at 16 August
2013 (General Meeting Record of Uepositors") shall be eligible to attend and vote at the Meeting.
2. A member entitled to attend and vote at the above meeting is entitled to appoint a proxy to attend and vote in his/her
stead. A proxy may but need not be a member of the Company. Section 149(1)(b) of the Companies Act, 1965 shall
not apply to the Company.
4
ANNUAL REPORT 2013
3. A member may appoint more than two (2) proxies to attend at the same meeting. where a member appoints two (2)
or more proxies, the proxies shall not be valid unless the member specites the proportion of his shareholdings to be
represented by each proxy.
4. where a member of the Company is an exempt authorised nominee which holds ordinary shares in the Company for
multiple benetcial owners in one securities account (omnibus account"), there is no limit to the number of proxies
which the exempt authorised nominee may appoint in respect of each omnibus account it holds.
5. The instrument appointing a proxy in the case of an individual shall be signed by the appointor or his attorney and in
the case of a corporation, the instrument appointing a proxy or proxies must be under seal or under the hand of an
oftcer or attorney duly authorised.
6. The instrument appointing proxy shall be deemed to confer authority to demand or join in demanding a poll.
7. The instrument appointing a proxy must be deposited at the Registered Oftce at Level 8, Symphony House, Block
U13, Pusat Uagangan Uana 1, 1alan P1u 1A/46, 47301 Petaling 1aya, Selangor Uarul Ehsan at least forty-eight (48)
hours before the time appointed for holding the meeting or any adjournment thereof.
8. Proxy appointed to attend and vote at a meeting of the Company shall have the same rights as the member to speak
at the meeting. There shall be no restriction as to the qualitcation of the proxy.
EXPLANATORY NOTES ON SPECIAL BUSINESS:
1. Oroinar, Resolution 8 - Approval to Continue In Ofhoe as an Inoepenoent Non-Exeoutive lireotor
The Boaro of lireotors has via the Nomination Committee oonouoteo an annual performanoe evaluation ano
assessment of Y Bhg Tan Sri lato Azizan Bin lusain who has serveo as an Inoepenoent Non-Exeoutive lireotor of
the Compan, for a oumulative term of more than nine ,ears sinoe 8 1une 2000 ano reoommeno him to oontinue to
aot as an Inoepenoent Non-Exeoutive lireotor of the Compan, baseo on the following justihoations:-
(i) le has fulhlleo the oriteria unoer the oehnition on Inoepenoent lireotors as stateo in the Bursa Mala,sia
Seourities Berhao Main Market Listing Requirements, ano therefore is able to bring inoepenoent ano objeotive
juogement to the Boaro,
(ii) le has been with the Compan, for more than nine ,ears ano therefore unoerstanos the Compan,s business operations
whioh enable him to partioipate aotivel, ano oontribute ouring oeliberations or oisoussions at the Meetings,
(iii) le has oontributeo sufhoient time ano efforts ano attenoeo all the Meetings for informeo ano balanoeo oeoision
making, ano
(iv) le hao exeroiseo oue oare ano oiligenoe ouring his tenure as Inoepenoent Non-Exeoutive lireotor of the
Compan, ano oarrieo out his houoiar, out, in the interest of the Compan, ano shareholoers without being
subjeot to inuenoe of management.
2. Oroinar, Resolution 9 - Authorit, to Allot Shares pursuant to Seotion 132l of the Companies Aot, 1965
The Resolution 9, if approveo, will empower the lireotors of the Compan,, from the oate of the above Annual Ceneral
Meeting, authorit, to issue ano allot shares in the Compan, up to an amount not exoeeoing in total 10 of the issueo
oapital of the Compan, for suoh purposes as the lireotors oonsioer woulo be in the interest of the Compan,. This
authorit, unless revokeo or varieo at a Ceneral Meeting will expire at the next Annual Ceneral Meeting.
As at the oate of this Notioe, no new shares in the Compan, were issueo pursuant to the authorit, granteo to the
lireotors at the last ACM of the Compan, helo on 28 August 2012 ano aoooroingl, no prooeeos were raiseo.
3. Oroinar, Resolution 10 - Proposeo Renewal of Shareholoers Manoate for Reourrent Relateo Part, Transaotions of
a revenue or traoing nature
The Resolution 10, if approveo, will enable the Compan, ano its subsioiaries to oontinue entering into the reourrent relateo
part, transaotions of a revenue or traoing nature with S,arikat Perniagaan Chong Mah Son Bho, whioh are neoessar, for
its oa,-to-oa, operations ano are in the oroinar, oourse of business ano on terms not more favourable to the relateo part,
than those generall, available to the publio ano are not to be oetriment of the minorit, shareholoers of the Compan,. This
authorit, unless revokeo or varieo at a Ceneral Meeting will expire at the next Annual Ceneral Meeting.
lurther information on the proposeo Oroinar, Resolution No. 9 is set out in the Ciroular to Shareholoers oateo 2
August 2013.
5
ANNUAL REPORT 2013
CHAIRMANS STATEMENT
Inanca| and Operatons Revew
Another tnancial milestone with the continuing growth in revenue for the Group was seen for the F 2013. Revenue
increased 8.6 on a year-on-year basis from RM195.3 million in tnancial year ended 31 March 2012 (F2012") to
RM212.1 million in F 2013. The growth was largely attributable to the increase in volume of business.
The Groups revenue was derived primarily from the Snack Food and Confectioneries segment, which stood at RM207.6
million, representing 97.9 of the Groups total revenue. On the other hand, revenue from Property Uevelopment segment
stood at RM4.5 million or 2.1.
In terms of geographical segment, the Groups revenue mix comprised of 49.4 local sales against 50.6 export sales.
Uue to the emphasis that the Group put on export sales, an increase of 22.8 was seen on this segment as opposed to the
decline of 2.9 in the local sales segment.
Uespite the increase in Groups revenue, pre-tax prott on the other hand recorded a decline of 2.98 from 16.8 million in
F 2012 to RM16.3 million in F 2013. This was caused mainly by the increase in employee benetts expense as well as
advertising and promotional costs.
Looking at our product performance, the tnancial year under review saw encouraging growth of 12.4 in our snacks
category, outperforming the sales of cakes and wafers. This growth was particularly spurred by the rising trend of sales for
our potato-based snacks, 1acker.
Uespite all the challenges, the Group achieved satisfactory total comprehensive income attributable to the owners of the
parent of RM12.8 million in F 2013. This translates to basic earnings per share of 21.29 sen.
In terms of our balance sheet, total loans and borrowings stood at just a mere RM10.8 million against the backdrop of
shareholders fund of RM132.8 million and cash and bank balances of RM18.2 million. The Groups good tnancial leverage
has put it in a position that allows it to undertake further expansion activities.
we are indeed very pleased with our tnancial performance in the tnancial year under review, and are optimistic on
maintaining this uptrend.
To Our va|ued Shareho|ders,
The nanca| year ended 31 March 2013 ("IY2013") reects a postve growth year for Orenta| Iood Industres
Ho|dngs erhad ("OIIH", "the Group"), wth a postve nanca| performance and expandng product range.
I am de|ghted to announce that we are makng steady progress towards our ob[ectve of de|verng sustanab|e
va|ue for our shareho|ders.
On beha|f of the oard of Drectors,
I am p|eased to present the
2013 Annua| Report deta|ng a
comprehensve report to you the
shareho|ders, on the actvtes, resu|ts
and strateges of our Company.
6
ANNUAL REPORT 2013
CHAIRMANS STATEMENT
Dvdends
The Board recognises the importance of the dividend to shareholders and in line with the commendable tnancial
performance of the Group, the Board is pleased to recommend a single tier tax exempt tnal dividend of 2 sen to the
shareholders for approval at the upcoming Annual General Meeting. with this tnal dividend, the total dividend payout for
the year would amount to RM4.8 million of F2013s net protts.
The dividend policy of paying a minimum of 35 of net prott to the shareholders remains unchanged. with this, shareholders
will be able to consistently enjoy the returns in correspondence with our future growth.
usness Out|ook & Strateges
According to Global Industry Analysts, the world snack food market is predicted to reach approximately $335 billion by
2015. The main factors fuelling the market are income levels and consumer perceptions and demographics. The market
is highly fragmented and intensely competitive, with an abundance of industry players in all categories from small to large.

with consumers having less and less time for activities such as shopping and cooking, snack food and confectionery are
claiming an expanding portion of the food market, offering foods that act as both complement and substitute for time-
consuming meals.
In view of the ever growing demands, the Group is constantly focused on market research and product development for
both existing and new products to diversity as well as increases the varieties in term of tavours and types of the current
products range.
Apart from the above, packaging is also a key element in the industry, with options such as single-serving packages and
bite-sized packs proving popular. As such, the Group has in F 2013 introduced mini packaging sizes for its current product.
In 1une 2012, a new corn based snack was launched. Funtos" corn snack currently comes in 2 tavours which are BB and
Chili packed in single serving packages.
The Group has and is continuously investing on high technology and fully automated machineries and production lines to
enhance the production capacity so as to meet with the demand of its products from local and oversea customers.
Product awareness is created through various media namely television commercials, magazines advertisement and
billboard advertisements.
On the regional front, the Group aims to continue growing its sales volume by appointing more distributors in major overseas
markets. Presently, Orientals products are sold to more than 40 countries in the region, including highly-discerning
consumer markets such as 1apan and Australia.
with the ISO 9001:2008 and HACCP (Hazard Analysis and Critical Control Point) certitcation, the Group endeavors to
continue improving its product quality to keep up with the ever-demanding international health standards and proceed with
the on-going upgrading of the current facilities in line with our project to obtain the HACCP certitcation for the production
of wafer and confectionery products.
with these strategies in place, we are optimistic in bringing the Group to a higher platform of growth towards becoming a
major snacks manufacturer in the region.
Corporate Soca| Responsb|ty ("CSR")
Apart from capitalising on protts for the well-being of the Company and Shareholders, we are conscious of the importance
in playing our part to improve the well-being of communities we operate in to ensure a sustainable business enterprise.
The Group participates in various community entertainment events and has also organised various nationwide contests
rewarding the winners with attractive prizes throughout the year to encourage consumers participation.
7
ANNUAL REPORT 2013
CHAIRMANS STATEMENT
There has been a continuous CSR initiative to give back to the public within our capabilities including monetary and
products donations to various non-prottable organisation, accommodating industrial trainees from local institutions in our
organisation and hosting educational visits for students, undergraduate and governmental organisation.
Corporate Governance
The Board is committed towards upholding the values of corporate governance by embracing the principles and best
practices set out in the Malaysian Code of Corporate Governance.
The Board has recently incorporated the following policies which can be viewed at the companys corporate website www.
oth.com.my :-
(a) Board Charter
(b) Code of Conduct
(c) whistle-Blowing Policy
(d) Nomination and Election Process of Board Members
(e) Board Remuneration Policy
(f) Corporate Uisclosure Policy
(g) Corporate Social Responsibility, Environmental and Sustainability Policy
Across the Group, we ensure that business is conducted with integrity, discipline, transparency and in a socially responsible
manner. Our corporate governance efforts practiced during the year is outlined in the Corporate Governance Statement in
this Annual Report.
Acknow|edgement
On behalf of the Board of Uirectors of OFIH, I would like to express my deepest appreciation to our valued customers,
business associates and suppliers for their dedication and support rendered to the Group.
I would also like to thank my fellow members of the Board and all our employees who have worked immensely hard to
deliver this years good results.
To conclude, as you will read in this Annual Report, OFIH continues to make good progress in delivering value to its
shareholders. In view of the economic uptrend and coupled with the Groups continuing and increasing investment in R&U
and eftcient manufacturing infrastructure, I am contdent that the year ahead will be tavorful times for us and we hope to
continue charting growth ahead.
TAN SRI DATO' A2I2AN IN HUSAIN
Chairman
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ANNUAL REPORT 2013
Oriental Food Industries Holdings Berhad (OFIH") was incorporated on 8 1une 1996 Malaysia under the Companies Act,
1965 as a public limited company. OFIH was listed on the Second Board of Bursa Malaysia Securities Bhd in August 2000
and was subsequently transferred to the Main Board on 13 October 2003. Currently OFIH is listed on the Main Market of
Bursa Malaysia Securities Berhad.
OFIH is principally an investment holding company while the OFIH Group has subsidiaries that are engaged in the following
activities:
NAME OF MA1OR SuBSIUIARIES EuIT INTEREST () PRINCIPAL ACTIvITIES
Subsidiaries of OFIH
Oriental Food Industries Sdn. Bhd. (OFI") 100 Manufacturing and marketing of snack
food and confectioneries.
OFI Properties Sdn. Bhd. (OFIP") 90 Property Uevelopment
Subsidiary of OFI
Oriental Food Marketing (M) Sdn. Bhd. (OFM") 100 Sales and marketing of snack food and
confectioneries.
OIIH Group Corporate Structure
OFIH
OFI
OFM
OFIP
100 90
100
CORPORATE STRUCTURE
9
ANNUAL REPORT 2013
Income Statements 2009 2010 2011 2012 2013
RMmil

Revenue 118.44 125.71 149.29 195.27 212.10

Cost of sales (85.80) (89.48) (110.49) (152.31) (166.43)
Gross Prott 32.64 36.23 38.801 42.96 45.67
Other operating income 0.72 1.90 0.61 1.28 0.78
Selling and distribution cost (13.091) (13.463) (17.023) (18.50) (20.21)
Administrative expenses (9.49) (10.43) (9.91) (8.52) (9.46)
Other operating expenses (0.20) - (1.15) (0.24) (0.14)
Prott from operations 10.58 14.23 11.34 16.98 16.64
Finance cost (0.53) (0.40) (0.25) (0.18) (0.33)
Prott before tax 10.05 13.83 11.09 16.80 16.31

Tax (0.29) (1.182) (2.35) (3.44) (3.46)
Prott after tax 9.77 12.64 8.74 13.36 12.85
Non-controlling Interest (0.0013) 0.2430 0.0403 0.2693 0.07891
Net Prott 9.77 12.40 8.70 13.09 12.77
Net dividend per share (sen) 3.5 10 8 8 8
Earnings per share 16.3 20.67 14.5 21.81 21.29
Uepreciation & Amortisation 4.82 5.62 6.20 6.17 6.27
Number of Shares 60.00 60.00 60.00 60.00 60.00
EBITUA 15.40 19.85 17.53 23.14 22.91
GROUP FINANCIAL HIGHLIGHTS
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ANNUAL REPORT 2013
REVENUE (RMmil)
PROFIT BEFORE TAXATION (RMmil) NET PROFIT (RMmil)
195.3
212.1
16.8
16.6
EARNINGS PER SHARE (sen)
21.8
21.3
DIVIDEND PER SHARE (sen)
8.0 8.0
13.1
12.8
90.0
120.0
140.0
180.0
160.0
200.0
220.0
4.0
2.0
6.0
8.0
10.0
12.0
14.0
16.0
18.0
6.0
4.0
2.0
8.0
10.0
12.0
14.0
0.0
0.0
118.4
125.7
09 10 11 12 13
09 10 11 12 13 09 10 11 12 13
09 10 11 12 13 09 10 11 12 13
149.3
10.1
13.8
11.1
9.8
12.4
8.7
15.0
10.0
5.0
20.0
25.0
0.0
16.3
20.7
14.5
6.0
4.0
2.0
8.0
10.0
12.0
0.0
3.5
10.0
8.0
GROUP FINANCIAL HIGHLIGHTS
11
ANNUAL REPORT 2013
BOARU OF UIRECTORS

Y. hg. Tan Sr Dato' Azzan bn Husan (Charman) Independent Non-Executive Uirector
Datuk Son Chen Chuan Managing Uirector
Hoo eng Lee Executive Uirector
Son Tong Leong Executive Uirector
Son Tong Eng Executive Uirector
Lm Keat Sear Non-Executive Uirector
Datuk Jeffery Ong Cheng Lock Independent Non-Executive Uirector
Lm Hwa Yu Independent Non-Executive Uirector
1OINT COMPAN SECRETARIES
Karina Chong Mei ing (LS 0009562)
wong Siew een (MAICSA 7018749)
Cheong Choon in (MAICSA 7019120)
REGISTEREU OFFICE
Level 8 Symphony House
Block U13 Pusat Uagangan Uana 1
1alan P1u1A/46
47301 Petaling 1aya
Selangor Uarul Ehsan
Tel : +603 7841 8000
Fax : +603 7841 8199
SHARE REGISTRAR
Sectrars Services Sdn Bhd
No. 28-2 1alan Tun Sambanthan 3
Brickstelds 50470
Kuala Lumpur
Malaysia
Tel : +603 2274 6133
Fax : +603 2274 1016
AuUITORS
Ernst & oung (AF 0039)
CORPORATE HEAU OFFICE
No. 65, 1alan usaha 7
Air Keroh Industrial Estate
75450 Melaka
Tel : +606 231 0333
Fax : +606 232 2066
Email : infoot.com.my
websites : www.oth.com.my
: www.jacker.com.my
PRINCIPAL BANKERS
HSBC Bank Malaysia Berhad
OCBC Bank (Malaysia) Berhad
Public Bank Berhad
CIMB Islamic Bank Berhad
STOCK EXCHANGE LISTING
Main Market of Bursa Malaysia Securities Berhad
STOCK NAME
OFI
STOCK COUE
7107
CORPORATE INFORMATION
12
ANNUAL REPORT 2013
Y. hg. Tan Sr Dato'Azzan n Husan
69 ,ears of ageMala,sian
Inoepenoent Non-Exeoutive Chairman
. Bhg. Tan Sri Uato Azizan bin Husain (Tan Sri Azizan") was appointed as Non-Executive Chairman on 8 1une 2000. He is
also a member of the Audit Committee and Nomination Committee.
Tan Sri Azizan is currently the Chairman of another listed company, namely Fiamma Holdings Berhad. He is also a Uirector
of TT Resources Berhad Group. At the same time, he serves on other private companies.
Tan Sri Azizan holds a B. A. Honours Uegree and Uiploma in Public Administration from the university of Malaya and a
Post Graduate Uiploma in Economics and Master in urban and Regional Planning from the university of Colorado, Boulder,
united States of America.
Tan Sri Azizan started his career with the Ministry of Agriculture in 1967 and retired in 1999 as the Secretary-General in
the Ministry of Uefence, Malaysia. Prior to his retirement, he had progressed on and gained vast experience from various
departments in the civil services. Uuring his years with the Government Services, he has served as Assistant Secretary with
the Centre for Uevelopment Studies and Economic Planning unit in Prime Ministers Uepartment, Uirector of Economic
Planning unit, Sabah, Sabah State Uirector of Uevelopment, Ueputy Secretary-General with Ministry of Land and Regional
Uevelopment, Ueputy Uirector-General (Sectoral) Economic Planning unit with Prime Ministers Uepartment, Uirector of
Public Sector Companies Monitoring Uivision in the Ministry of Finance and Ueputy Secretary-General (Operation) with the
Ministry of Finance.
Tan Sri Azizan has attended all four (4) Board meetings held in the tnancial year.
Tan Sri Azizan is not a shareholder of the Company and is not related to any directors and/ or major shareholders of the
Company. He does not have any contict of interest with the Company and has not been convicted of any offence within the
past ten (10) years.
Datuk Son Chen Chuan
Managing lireotor
Uatuk Son Chen Chuan (Uatuk Son") was appointed Managing Uirector since 8 1une 2000.
Uatuk Son is the founder of the Company and its subsidiaries (the Group"). He is the driving force of the Group. with his
decade long experience in the industry and extensive knowledge gained through the years, he formulates and implements
the Groups corporate strategy. He also develops new products for both local and overseas market, ensuring that the quality
of products and packaging are high, keeping close contact with the local and overseas distributors to obtain suggestions
and feedback on the OFI products. Uatuk Son had through the years foster close relationships with the suppliers and
customers.
Uatuk Son has attended all four (4) Board meetings held in the tnancial year.
Uatuk Son is related to Mr. Son Tong Leong (son), Mr. Son Tong Eng (son) and Mr. Hoo Beng Lee (brother). He is a
substantial shareholder in the Company by virtue of his direct and indirect interest in the shareholdings held by himself and
members of his family and via his shareholding in Apendo Capital Sdn. Bhd. and directorship in Summer Legend Sdn. Bhd..
Other than the recurrent related party transactions as disclosed in page 90, he does not have any contict of interest with
the Company and has not been convicted of any offence within the past ten (10) years.
PROFILE OF THE BOARD OF DIRECTORS
13
ANNUAL REPORT 2013
Mr. Hoo eng Lee
Exeoutive lireotor
Mr. Hoo Beng Lee (Mr. Hoo") was appointed to the Board on 8 1une 2000. Mr. Hoo is also the Executive Uirector of Oriental Food
Industries Sdn. Bhd. (OFI"), Oriental Food Marketing (M) Sdn. Bhd. (OFM") and OFI Properties Sdn. Bhd. (OFIP").
Mr. Hoo has been in the food industry for more than twenty (20) years and is responsible for the operations of the production
lines. with his vast experience and skills in the snack food manufacturing business and food processing industries, he has
contributed tremendously to the success of the Company.
Mr. Hoo has attended all four (4) Board meetings held in the tnancial year.
Mr. Hoo is related to Uatuk Son Chen Chuan (brother), Mr. Son Tong Leong (nephew) and Mr. Son Tong Eng (nephew). He is also
a substantial shareholder in the Company by virtue of his direct and indirect interest in the shareholdings held by himself and
members of his family and via his shareholding in Apendo Capital Sdn. Bhd. and directorship in Summer Legend Sdn. Bhd.. Other
than the recurrent related party transactions as disclosed in page 90, he does not have any contict of interest with the Company
and has not been convicted of any offence within the past ten (10) years.
Mr. Son Tong Leong
Exeoutive lireotor
Mr. Son Tong Leong was appointed to the Board on 8 1une 2000. He holds a Bachelors degree in Business from the Edith Cowan
university, Australia.
He began his career in 1994 as the Factory Manager of OFI and was promoted to General Manager of the Company in 1998. He
is now the Executive Uirector of OFI, OFM and OFIP. He is in charge of the overall corporate administration, human resources,
marketing and operations of the Company. He has maintained excellent relationship with staffs of all levels, customers, suppliers
and the Companys business partners. He also oversees the running of the factory machineries and ensures that production
works are carried out smoothly in compliance with the MS ISO 9001:2008 and HACCP standards.
He has attended all four (4) Board meetings held in the tnancial year.
He is related to Uatuk Son Chen Chuan (father), Mr. Hoo Beng Lee (uncle) and Mr. Son Tong Eng (brother), all of whom are
Uirectors and substantial shareholders of the Company. He is also a substantial shareholder in the Company by virtue of his
direct and indirect interest in the shareholdings held by himself and members of his family and via his shareholding in Apendo
Capital Sdn. Bhd. and directorship in Summer Legend Sdn. Bhd.. Other than the recurrent related party transactions as disclosed
in page 90, he does not have any contict of interest with the Company and has not been convicted of any offence within the past
ten (10) years.
Mr. Son Tong Eng
Exeoutive lireotor
Mr. Son Tong Eng was appointed to the Board on 8 1une 2000. He holds a Uiploma in Mechanical Engineering from the Federal
Institute of Technology, Kuala Lumpur.
He has more than ten (10) years of experience in the food industry and is currently the Factory Manager of OFI. He oversees the
running of the factory machineries and ensures that production works are carried out smoothly in compliance with the MS ISO
9001:2008 and HACCP standards.
He has attended three (3) out of four (4) Board meetings held in the tnancial year.
He is related to Uatuk Son Chen Chuan (father), Mr. Hoo Beng Lee (uncle) and Mr. Son Tong Leong (brother), all of whom are
the Uirectors and substantial shareholders of the Company. He is also a substantial shareholder in the Company by virtue of his
direct and indirect interest in the shareholdings held by himself and members of his family and via his shareholding in Appendo
Capital Sdn. Bhd.. Other than the recurrent related party transactions as disclosed in page 90, he does not have any contict of
interest with the Company and has not been convicted of any offence within the past ten (10) years.
14
ANNUAL REPORT 2013
Mr. Lm Hwa Yu
Inoepenoent Non-Exeoutive lireotor
Mr. Lim Hwa u (Mr. Lim") was appointed to the Board on 23 February 1999. He is also a member of the Audit Committee,
Remuneration Committee and Nomination Committee. Mr. Lim qualited as an Accountant from the united Kingdom in
1979. He is a Fellow of the Chartered Association of Certited Accountants, united Kingdom, Fellow of the Institute of
Taxation, united Kingdom and a Member of the Malaysian Institute of Accountants.
He is a partner of a public accounting trm, H.. Lim & Co. He has extensive experience in the teld of corporate planning
and management.
He has attended all four (4) Board meetings held in the tnancial year.
Mr. Lim does not hold shares in the Company and is not related to any director and/ or major shareholder of the Company.
He does not have any contict of interest with the Company and has not been convicted of any offence within the past ten
(10) years.
Datuk Jeffery Ong Cheng Lock
Inoepenoent Non-Exeoutive lireotor
Uatuk 1effery Ong Cheng Lock (Uatuk 1effery") was appointed to the Board on 14 May 2007. He also serves as a member
of the Audit Committee, Remuneration Committee and Nomination Committee.
Uatuk 1effery is an Associate of the Institute of Business Administration, Australia and was formerly the Senior Uirector
of Human Resources of Intneon Technologies, responsible for Recruitment, Compensation & Benetts, welfare, Training,
Employee Relations and Government Relations. He currently serves as the Council Member of the Federation of Malaysian
Manufacturers (FMM"), Chairman of FMM Malacca Branch, Member of the Malaysian Institute of Management, Member
of the Malaysian Institute of Personnel Management and Member of the Malacca Industrial Skills Uevelopment Centre.
Uatuk 1effery is also a Former Board Member of OSH National Council, Panel Member of the Industrial Court and the SOCSO
Appellate Court.
Uatuk 1effery has attended all four (4) Board meetings held in the tnancial year.
Uatuk 1effery does not hold shares in the Company and is not related to any director and/or major shareholder of the
Company. He does not have any contict of interest with the Company and has not been convicted of any offence within the
past ten (10) years.
Mr. Lm Keat Sear
Non-Exeoutive lireotor

Mr. Lim Keat Sear was appointed to the Board on 8 1une 2000. He also serves as a member of the Remuneration Committee.
He has been in the snack and confectionery business for more than twenty (20) years. He joined Syarikat Perniagaan Chong
Mah Sdn. Bhd., a distributor of snack food and confectionery in 1973 and became a director of the Company in 1978.
He has attended three (3) out of four (4) Board meetings held in the tnancial year.
He is not related to any of the directors of the Company. He is a substantial shareholder of the Company by virtue of his
direct and indirect interest via Syarikat Perniagaan Chong Mah Sdn. Bhd., Thung Shung (M) Sdn. Bhd. and Apendo Capital
Sdn. Bhd.. Other than the recurrent related party transactions as disclosed in page 90, he does not have any contict of
interest with the Company and has not been convicted of any offence within the past ten (10) years.
15
ANNUAL REPORT 2013
STATEMENT OF CORPORATE GOVERNANCE
The Board of Uirectors (the Board") observes the Malaysian Code on Corporate Governance 2012 (MCCG 2012") and
ensures the highest standards of corporate governance are practiced throughout Oriental Food Industries Holdings
Bhd group of companies (OFI Group") as a fundamental part of discharging its responsibilities to protect and enhance
shareholders value and the tnancial performance of OFI Group.
OFI Groups corporate governance structures has been developed and enhanced based on the principles and
recommendations of best practices prescribed in the MCCG2012.
The Board is pleased to inform that the Company has established the following policies which can be viewed at the
Companys corporate website www.ohh.oom.m, :-
(a) Board Charter
(b) Code of Conduct
(c) whistle-Blowing Policy
(d) Nomination and Election Process of Board Members
(e) Board Remuneration Policy
(f) Corporate Uisclosure Policy
(g) Corporate Social Responsibility, Environmental and Sustainability Policy
A. OARD OI DIRECTORS

oard Charter and Code of Conduct
The Board Charter and Code of Conduct adopted by the Board provide guidance to the Board in the fultlment of its
roles, duties and responsibilities which are in line with the principles of good corporate governance. The Board said
Board Charter and Code of Conduct are subject to periodical review to ensure consistency with the Boards strategic
intent as well as relevant standards of corporate governance.
The Board is also committed to conducting business in accordance with the highest standards of business ethics
and complying with applicable laws, rules and regulations. The Code of Conduct provides guidance for Uirectors
regarding ethical and behavioural considerations and/or actions as they address their duties and obligations during
the appointment.
Composton of the oard
The Board currently has eight (8) members, four (4) Executive Uirectors and four (4) Non-Executive Uirectors, three
(3) of whom are Independent Non-Executive Uirectors. This composition has complied with the minimum one-third
requirement for Independent Uirectors to be on the Board. The Board is led by . Bhg. Tan Sri Uato Azizan Bin Husain,
an Independent Non-Executive Uirector and Chairman, while the executives are led by Uatuk Son Chen Chuan, the
Managing Uirector.
The present size and composition of the Board is appropriate for the complexity and scale of operations of OFI
Group. The role of Chairman and Managing Uirector of the Company are separated to ensure a balance of power and
authority. The Independent Non-Executive Chairman is responsible for the orderly conduct and effectiveness of the
Board, whist the Managing Uirector is to delegate the Management and implementation of policies and strategies
adopted by the Board and the running of operations.
The Non-Executive Uirectors are independent from the management and major shareholders. Together, they play an
important role by contributing their knowledge, advice and experience towards making independent judgement on
issues of strategies, performance, resources and standard of conducts.
The Uirectors protles are set out in pages 12 to 14 of this Annual Report.

16
ANNUAL REPORT 2013
oard Meetngs
The Board meets at least once in a quarter. All Uirectors are provided with agenda and set of Board papers issued
prior to Board meetings to ensure that the Uirectors can appreciate the issues to be obtained further explanations,
where necessary and to make an informed decision. Senior management is invited to attend these meeting to explain
and clarify matter being tabled.
The Board has a formal schedule of matters reserved at Board Meetings and is supplied with information in a timely
manner to ensure them to discharge their duties with regard to issues to be discussed. The Company Secretaries
organise and attend all Board Meetings to ensure proper records of the proceedings.
Uirectors have given access to any information within the Company and are free to seek independent professional
advice at the Companys expense, if necessary, in furtherance of their duties. All Uirectors also have access to the
advise and services of the Company Secretaries who are responsible for ensuring that Board procedures are met and
advises the Board on compliances.
Uuring the tnancial year ended 31 March 2013, 4 meetings were held to review the Groups quarterly results and
annual tnancial statements and its operations. The Uirectors attendance for the Board Meetings is as follows:

No. of oard Percentage of
Name Desgnaton Meetngs Attended Attendance (%)
. Bhg. Tan Sri Uato Azizan Bin Husain Chairman/
Independent Non-Executive Uirector 4/4 100
Uatuk Son Chen Chuan Managing Uirector 4/4 100
Hoo Beng Lee Executive Uirector 4/4 100
Son Tong Leong Executive Uirector 4/4 100
Son Tong Eng Executive Uirector 3/4 75
Lim Keat Sear Non-Executive Uirector 3/4 75
Lim Hwa u Independent Non-Executive Uirector 4/4 100
Uatuk 1effery Ong Cheng Lock Independent Non-Executive Uirector 4/4 100
Appontment, Retrement and Re-e|ecton
The appointment, retirement and re-election of directors are in accordance to the Articles of Association of the
Company, which provides that all Uirectors of the Company, including the Managing Uirectors are subject to retirement.
At every annual general meeting, at least one third (1/3) in number of the Board and who have been longest in oftce
are subject to retirement by rotation. Any newly appointed director shall retire at the next coming annual general
meeting. The retiring Uirector is eligible for re-appointment.
Drectors' Tranng
The Group acknowledges the importance of continuous education and training to the Board members.
Uirectors are encouraged to attend seminars and/or conferences organised by relevant regulatory authorities and
professional bodies to keep abreast with latest developments in the market place and new statutory and regulatory
requirements.

. Bhg. Tan Sri Uato Azizan Bin Husain Chairman/
Independent Non-Executive Uir tive irector 4/4 4/4 00 100
Uatuk Son Chen Chuan Managing Uirector 4/4 /4 100
Hoo Beng Lee Executive Uirector 4 4/4 100 100
Son Tong Leong Executive Uirector 4/4 100
Son Tong Eng Executive Uirector /4 3/4 75 75
Lim Keat Sear Non-Executive Uirector 3/4 3/ 75
Lim Hwa u Independent Non-Executiv xe ive Uirector 4/4 /4 100 00
Uatuk 1effery Ong Cheng Lock Independent Non-Executive U Exec e Uirector 44/4 100
No. of oard Percentage of Percentage of
Name Desgnaton gs Attended Meetngs Attended dance (%) Attendance
17
ANNUAL REPORT 2013
Details of trainings attended by the Directors are as follow:-
Name of Directors
Y. Bhg. Tan Sri Dato Azizan Bin
Husain
Mr. Lim Hwa Yu
Mr. Hoo Beng Lee
Mr. Son Tong Leong
Mr. Lim Keat Sear
Mr. Son Tong Eng
Training Programmes
Current Development in Combating Late payment & Credit
Management in Malaysia
EPF - SPA Investment Scheme
Private Retirement Scheme - PRS
uOB-OSK Cash Management Fund
will
Criminal tax Investigations and Anti-Money Laundering
National Seminar on Taxation
Transfer Pricing Seminar 2012
Informal Dialogue with MIA Members
will
will
HSBC Global Insights
OSK188 workshop
will
will
Date
16.05.2013
02.07.2013
02.07.2013
02.07.2013
02.07.2013
10.12.2012
16.10.2012
20.09.2012
29.02.2012
02.07.2013
02.07.2013
02.07.2013
02.07.2013
02.07.2013
02.07.2013
02.07.2013
02.07.2013
28.06.2013
10.07.2013
02.07.2013
02.07.2013
02.07.2013
02.07.2013
02.07.2013
02.07.2013
02.07.2013
02.07.2013
The Board is also regularly updated by the Company Secretaries on the latest and amendments to the Listing
Requirements of Bursa Securities.
The Board will on continuing basis evaluate and determine the training needs of each Director, particularly on relevant
new law and regulations and essential practices for effective corporate governance and risk management to enable
the Directors to effectively discharge their duties.
B. BOARD COMMITTEES
The following committees have been established to assist the Board to discharge its duties and responsibilities.
These committees operate under the detned terms of reference.
i) Audit Committee
ii) Nomination Committee
iii) Remuneration Committee
18
ANNUAL REPORT 2013
(i) Audit Committee
The role of the Audit Committee is to support the Board in overseeing the processes for production of the
tnancial data, review of the tnancial reports and internal control of the Group. The composition and terms of
reference of the Audit Committee are set out in its reports on pages 24 to 27 of this Annual Report.
(ii) Nomination Committee
The Nomination Committee was set up by the Board to ensure it has a proper balance, size and the required
mix of skills, experience and core competencies to govern the organisation towards achieving its intended goals
and objectives. The nomination and election process of Board members are set out in the Companys website.

The members of the Committee are as follows:-
Chairman : Datuk Jeffery Ong Cheng Lock
(Independent Non-Executive Director)
Members : Y. Bhg. Tan Sri Dato Azizan Bin Husain
Lim Hwa Yu

The functions of the Nomination Committee are summarised as follows :
a) Consider, in making its recommendations, candidates for directorships proposed by the Managing Director
or by any other executive directors or directors or shareholders,
b) Recommend to the board, directors to tll the seat on board committees,
c) Assess annually the performance and effectiveness of the board as a whole, the committees of the board
and the contribution of each existing individual director and thereafter, recommend its review to the
board, and
d) Review annually the required mix of skills and experience and other qualities, including core competencies
which non-executive directors should bring to the board and thereafter, recommend its review to the
board.
There were two (2) meetings held during the tnancial year to review the performance of the Board and individual
directors.
(iii) Remuneration Committee
The Remuneration Committee comprises the following members:-
Chairman : Lim Hwa Yu
Members : Datuk Jeffery Ong Cheng Lock
Lim Keat Sear
(Non-Executive Director)
The functions of the Remuneration Committee is to recommend to the Board, the remuneration packages of
Managing Directors, Executive Directors and any other persons of the Group as the Committee is designated to
consider.
The remuneration procedures are set out in the Board Remuneration Policy adopted by Board. The Directors
fee is recommended by the Board and is subject to the approval of the shareholders of the Company at general
meeting.
There were two (2) meetings held during the tnancial year to review the Executive Directors remuneration
packages.
19
ANNUAL REPORT 2013
C. DIRECTORS REMUNERATION
The aggregate remuneration of Directors for the tnancial year ended 31 March 2013 are as follows:-
Directors fees Sa|aries/ Benets- Other
Company Subsidiaries A||owances Bonuses in-kind emo|uments Tota|
(RM) (RM) (RM) (RM) (RM) (RM) (RM)
Executive 140,000 96,000 1,551,000 399,000 91,650 405,540 2,683,190
Non-Executive 140,000 0 60,000 0 0 8,400 208,400
The number of Directors of the Company whose total remuneration fall within the following band:-
Range of Remuneration Number of Directors
Executive Non-Executive
Less than RM50,000 Nil 3
RM50,000 - RM100,000 Nil 1
RM100,001 - RM150,000 Nil Nil
RM150,001 - RM200,000 Nil Nil
RM200,001 - RM250,000 Nil Nil
RM250,001 - RM300,000 Nil Nil
RM300,001 - RM350,000 Nil Nil
More than RM350,000 4 Nil
D. SUPPLY OF INFORMATION
All Directors are provided with information on a timely basis. The agenda and Board papers are circulated to the
members prior to the meeting and if required, they may request additional information or claritcation from the
Management. The Board has unrestricted access to any information pertaining to the Group as well as to the
advice and services of the Company Secretary and independent professional advisers whenever appropriate at the
Companys expense. Members of the Board are regularly updated should there be any new statutory and regulatory
requirements.
E. RELATIONSHIP WITH SHAREHOLDERS & INVESTORS

Shareholders and investors relationship is of a matter of importance today. Effective communication will help
to enhance the contdence of the shareholders and investors towards the Company. The Board communicates
information on operations, activities and performance of the Group to the shareholders, investors and public via the
following:-
a) The Annual Report, which contains the tnancial and operational review of the Groups business, corporate and
tnancial information and the information on the Board and Committees.
b) Various announcements made to Bursa Malaysia.
c) The website of the Company which provides the updated information of the Company such as products and
activities.
The Annual General Meeting represents the principal forum for dialogue and interaction with all shareholders. At
each annual general meeting, the Board presents the progress and performance of the Groups business and invites
shareholders to participate in the question and answer session.
20
ANNUAL REPORT 2013
F. ACCOUNTABILITY AND AUDIT
Financial Reporting
The Board, assisted by the Audit Committee aims to present a balance and understandable assessment of the
Companys tnancial position and prospects through its annual audited tnancial statements and quarterly reports.
A statement by the Directors of their responsibilities in relation to the tnancial statements is set out on page 20 to
21 of this Annual Report.
Internal Control and Internal Audit Function
The Board acknowledges the importance of internal controls including risk management both in the strategy and
operational level. The Board recognises its responsibility for a sound internal control system covering not only
tnancial controls but also operational and compliance controls as well as risk management.
The Groups Statement of Risk Management and Internal Control are set out on page 22 to 23 of this Annual Report.
The said Statement has been duly reviewed by the external auditor.
Relation with Auditors
The Audit Committee maintains a transparent relationship with both internal and external auditors in seeking their
professional advice and ensuring compliance with the applicable laws and regulations. The Audit Committee seeks
regular assurance on the effectiveness of the internal control system through independent appraisal by the auditors
in ensuring compliance with the applicable accounting standard in Malaysia. Liaison and unrestricted communication
exists between the Audit Committee and the external auditors.
Corporate Disclosure
The Company has adopted a Corporate Disclosure Policy to ensure accurate, clear, timely and complete disclosure of
material information necessary for informed investing and take reasonable steps to ensure that all who invest in the
Companys securities enjoy equal access to such information to avoid an individual or selective disclosure.
Sustainability Policy
The Board is committed to operate its business in accordance with environmental, social and economic responsibility.
These include working within the laws in order to be innovative and demonstrate initiative to meet the requirements
of various stakeholders.
The Company strives to achieve sustainable long term balance between meeting its business goals and preserving the
environmental, its commitments with respect to sustainability are in the areas of workplace, marketplace, community
and environment.
The strategies to promote sustainability and its implementation can be found at the Companys website.

G. STATEMENT OF DIRECTORS RESPONSIBILITY FOR PREPARING THE FINANCIAL STATEMENTS
The Directors of the Company are responsible for ensuring the tnancial statements of the Group and of the Company
are properly drawn up in accordance with Financial Reporting Standards and the requirements of the Companies Act,
1965 in Malaysia so as to give a true and fair view of the tnancial position of the Group and of the Company as at the
end of the tnancial year and of their tnancial performance and cash tows for the year then ended.
The Directors are satisted that in preparing the tnancial statements of the Group and the Company for the year ended
31 March 2013, the Group and the Company had applied appropriate accounting policies on a consistent basis. The
Directors also consider that all applicable approved accounting standards are adhered to in the preparation of the
tnancial statements.
21
ANNUAL REPORT 2013
The Directors have general responsibilities for taking such steps that are reasonably available to them to safeguard the
assets of the Group, and to prevent and detect fraud and other irregularities.
The responsibility of the Auditors in relation to the Financial Statements appears in the Independent Auditors Report on
pages 34 and 35 of this Annual Report.
This statement was made by the Board of Directors in accordance with a resolution of the Board of Directors dated 18 July 2013.
H. CORPORATE SOCIAL RESPONSIBILITIES (CSR)
The Company recognises the importance of CSR and has taken a proactive approach wherever possible to provide
monetary and products contribution to governmental departments, non-prottable and charitable organisations. The
Company also organises educational factory tours for various educational and governmental institutions.
Furtherance to the above, in support of the local institutes of higher learning, the Company accepts undergraduates
to perform their industrial training in various departments at the factories owned by the Company.
The Company has contributed tnancial assistance to the following organisations:

1) Persatuan wanita Kastam Melaka
2) Malaysian Association for the Prevention of Tuberculosis, State of Malacca
3) St. John Ambulans Malaysia
4) PIBG SRJK(C) Yok Bin, Melaka
5) PIBG SMJK Tinggi Cina Melaka
6) PIBG SRJK Cina Bachang Melaka
7) Persatuan Pedagang-Pedagang Bergerak Brg Makanan/Gunaan Melaka
8) Persatuan Peruncit-Peruncit Melaka
9) Sam Tiong Keng
10) Persatuan Penganut Dewa wei wu Gong Bacang Melaka
11) Persatuan Penganut Dewa Kuan Ti
12) Penganut Tokong Lao Shi
13) P. P. Tokong Ong Yah Hui Yang Keong

At company level, the Company hosts its annual dinner for all its local and foreign employees to foster good
relationships and harmonious ties between all level of employees of all races and as a token of recognition from the
Top Management for the commitment and dedication of the employees.
22
ANNUAL REPORT 2013
INTRODUCTION
The Board of Directors (the Board") of Oriental Food Industries Holdings Berhad (OFIH") is pleased to present the Statement
of Risk Management and Internal Control which has been prepared pursuant to Paragraph 15.26(b) of the Main Market
Listing Requirements of Bursa Malaysia Securities Berhad and in accordance with the Statement on Risk Management and
Internal Control: Guidelines for Director and Listed Issuers.
RESPONSIBILITY
The Board acknowledges its responsibility to establish and maintains a sound risk management framework and system of
internal control and to review their adequacy and effectiveness so as to safeguard all its stakeholders interests and to protect
the Groups assets. In view of the limitations that are inherent in any system of internal control, it can only provide reasonable
and not absolute assurance against material misstatement of losses and fraud.
The roles of the management include the implementation of the policies approved by the Board, identifying and evaluating the
risk faced, formulating relevant policies and procedures to manage risk identited and reporting to the Board in a timely manner.
RISK MANAGEMENT FRAMEWORK
The Board recognises that risk is an integral and unavoidable component of OFIHs businesses and is characterised by threats
and opportunities. The Board has established an organisation structure with clearly detned lines of responsibility, authority
limits, and accountability aligned to the business and operations requirements. The structure extended the duties of the Audit
Committee to include the assessment of internal controls through the internal audit function.
The Board has delegated to the Audit Committee, through its terms of reference approved by the Board, the duty to review
the adequacy and effectiveness of risk management framework and system of internal control of OFIH and to report the same
to the Board for deliberation and decision. Through the Audit Committee, the Board is kept informed of all signitcant control
issues brought to the attention of the Audit Committee by the management, the internal audit function and the external
auditors. The process of identifying, evaluating and managing the signitcant risks faced by the Group has been in place for
the year under review and up to the date of approval of this statement for inclusion in the annual report.
The Head of Department is responsible for managing the risk of their department respectively. Changes in the key business
risks faced by OFIH or emergence of new key business risks and the corresponding internal controls are discussed in the
management meeting and eventually highlighted to the Board in the board meeting.
Internal Audit Function
OFIHs internal audit function is outsourced to an independent professional trm who reports directly to the Audit Committee.
The internal audit function adopts the risk based approach in determining the scope of audit based on OFIHs key business
risks protle. Internal audit plan will be presented to the Audit Committee for review and its recommendation to the Board for
approval. Scheduled internal audit reviews are performed by the internal audit function based on the approved internal audit
plan with any signitcant change in the approved plan is referred to the Audit Committee for review and its recommendation
to the Board for approval prior to the commencement of the review.
During the tnancial year under review, three (3) cycles of internal audit reviews were performed based on the approved
internal audit plan. upon completion of the internal audit reviews, internal audit reports were presented by the internal audit
function to the Audit Committee for review and deliberation in the Audit Committee meetings and eventually reported to the
Board. Status of implementation by management for the action plans identited in the previous internal audit reports were
reported in timely manner to the Audit Committee to ensure action plans were satisfactorily implemented to address the
individual risk associated with the audit tndings.
STATEMENT OF RISK MANAGEMENT AND INTERNAL CONTROL
23
ANNUAL REPORT 2013
STATEMENT OF RISK MANAGEMENT AND INTERNAL CONTROL
Other Key Features of System of Internal Control
The other key features of OFIHs system of internal control are described below:
Committees of the Board
Committees of the Board (i.e. Audit Committee, Remuneration Committee and Nomination Committee) is established
to carry out duties and responsibilities delegated by the Board, governed by written terms of reference. Meetings of
respective Committees of the Board are carried out on scheduled basis to review the performance of OFIH, from tnancial
and operational perspective.
Organisation Structure and Authorisation Procedures
OFIH has a formal organisation structure in place for planning, organising and executing the business operations of OFIH
to ensure its objectives are achievable. The authorisation procedures for key processes are stated in OFIHs Standard
Operating Procedures.
Standard Operating Procedures (SOPs)
OFIH has documented SOPs for key business processes that are regularly reviewed and updated to ensure its relevance
to support and achieve OFIHs business objectives.
Information and Communication
Clear reporting lines are established across OFIHs business operations and various types of management reports are
prepared for dissemination to relevant personnel to foster effective communication of critical information and timely
decision making in achieving business objectives.
External Body Certication
- One of the operating subsidiary of OFIH is certited and in compliance with the ISO 9001:2008 (uality
Management System).
- The said operating subsidiarys potato crisps line is also in compliance with HACCP (uality and Food Safety
Management System).
Monitoring and Review Activities
- Management meeting of production department is held on daily basis to review the operational performance
and to resolve operational issues identited.
- Review of tnancial reports of OFIH for the tnancial performance and tnancial position is performed on monthly
basis by the senior management.
- Review of unaudited tnancial reports of OFIH for the tnancial performance and tnancial position is performed
on quarterly basis by the Audit Committee together with the senior management, and eventually reported to the
Board.
- Review and assessment of adequacy and effectiveness of internal controls is performed on bi-annual basis by
internal audit function and reported to the Audit Committee.
CONCLUSION
In the tnancial year under review, the Board is of the view that the system of internal control of OFIH is adequate and effective,
in all material aspects, based on inquiry, information and assurance provided by the Managing Director and Executive Director
who primarily responsible for the management of the tnancial affairs. The Board will continuously monitor the effectiveness
of the risk management framework and system of internal control and where necessary, take the necessary improvement
actions to protect OFIHs interest and shareholder value.
This statement is made in accordance with a resolution of the Board dated 2 July 2013.
24
ANNUAL REPORT 2013
A. MEMBERSHIP
The Audit Committee of the Company comprises of 3 members as follows:-
Name of Member Position
Y. Bhg. Tan Sri Dato Azizan Bin Husain Chairman
Independent Non-Executive Director
Datuk Jeffery Ong Cheng Lock Member
Lim Hwa Yu Member
B. TERMS OF REFERENCE OF AUDIT COMMITTEE
I. Composition
The Audit Committee shall be appointed by the Board of Directors amongst the Directors of the Company and
the following requirements must be met:-
(a) The audit committee must consist of not less than three (3) members,
(b) The audit committee is made up of non-executive directors with the majority of the members must be
independent directors,
(c) The Chairman of the Audit Committee must be an independent director,
(d) At least one (1) member of the audit committee -
i. must be a member of the Malaysian Institute of Accountants, or
ii. if he is not a member of the Malaysian Institute of Accountants, he must have at least 3 years
working experience and :-
has passed the examinations specited in Part I of the 1st Schedule of the Accountants Act,
1967, or
a member of one of the associations of accountants specited in Part II of the 1st Schedule of
the Accountants Act 1967.
iii. fultls such other requirements as prescribed or approved by the Exchange.
(e) No alternate director shall be appointed as a member of the Audit Committee.
II. Objectives
Provide assistance to the Board of Directors in fultlling its statutory and tduciary responsibilities by
ensuring that the Company is operating in accordance with its prescribed procedures and codes of
conduct.
Serve as an independent and objective party in the review of the tnancial information presented by
management for distribution to shareholders and the general public.
Provide direction and controls over the internal audit function and the external auditors.
Y. Bhg. Tan Sri Dato Azizan Bin Husain Chairman
Datuk Jeffery Ong Cheng Lock Member
Independent Non-Executive Directo ctor
Lim Hwa Yu Member
Independent Non-E -Executive Direc ector
Name of Member Position
AUDIT COMMITTEE REPORT
25
ANNUAL REPORT 2013
Provide by way of regular meetings, a line of communication between the Board and the external auditors.
Determine that the Company has adequate administrative, operational and internal accounting
controls and that the Company is operating in accordance with its prescribed procedures and codes of
conduct.
III. Meetings
Frequency of Meetings
Meetings shall be conducted at least four (4) times a year, or more frequently as circumstances dictate.
Quorum
A majority of the members, who are independent directors, present being not less than two (2), shall form a
quorum.
Attendance at Meetings
The attendance records of the Audit Committee Members for the Audit Committee Meetings held during the
tnancial year are as follows:
Name Number of meetings attended
Y. Bhg. Tan Sri Dato Azizan Bin Husain 4/4
Datuk Jeffery Ong Cheng Lock 4/4
Lim Hwa Yu 4/4
The Internal Auditors and representatives of the external Auditor would normally attend the meetings. However,
when deemed necessary, the Committee may invite the Board members or any other person to be in attendance
to assist it in its deliberations. The Committee also met with the external auditors without the presence of
Executive Directors.
The Company Secretary of the Company shall be Secretary of the Committee and to record minutes of the
meetings for circulation to the Committee members.
IV. Authority
To investigate any activity within its terms of reference. It has free access to all information and documents
it requires for the purpose of discharging its functions and responsibilities.
To access and obtain outside legal or other independent professional advice as it considers necessary.
To have direct communication channels to deal with the external and internal auditors.
To convene meetings with external auditors and/or internal auditors, excluding the attendance of the
directors and employees of the Company, whenever deemed necessary.
The Committee shall have all necessary resources to perform its duties.
26
ANNUAL REPORT 2013
V. Duties and responsibilities
a) To review the statutory tnancial statements, annual report and quarterly results prior to submission to the
Board and focus particularly on :-
- changes in or implementation of major accounting policy changes,
- signitcant and unusual events, and
- compliance with accounting standards and other legal requirements.
b) To review the tndings of internal and external auditors (as the case may be) on internal controls and other
audit comments.
c) To review the nature, scope and resources of the external and internal auditors (if applicable) to ensure
no unjustited restrictions are imposed by management.
d) To consider any signitcant audit tndings reported by Internal Auditor & Managements responses thereto
and to ensure appropriate action are taken on the recommendation.
e) To liaise directly between the external auditors, the management and the Board as a whole, particularly
with regard to the audit plan and audit report.
f) To discuss problems and reservation arising from the interim and tnal audit and any matter the auditors
may wish to discuss.
g) To consider and recommend the appointment and remuneration of external auditors.
h) To review the maintenance of an effective system and controls in the business process.
i) To review the Companys accounting policies and reporting requirements to ensure compliance with the
relevant laws and standards.
j) To review Companys compliance with relevant law and listing requirements and to ensure prompt
announcements to the Bursa Malaysia Securities Bhd in accordance to the Bursa Malaysia Listing
Requirements.
k) To review any related party transaction and contict of interest situation that may arise within the Company
or Group including any transaction, procedure or course of conduct that raises questions of management
integrity.
l) To review the assistance provided/ given by the employees of the Company and of the Group to the
auditors.
C. SUMMARY ACTIVITIES OF AUDIT COMMITTEE
During the Audit Committee Meetings, the following activities were carried out:-
Reviewed and commented on the quarterly tnancial results before recommending the same for Boards approval.
Reviewed the year end audited tnancial statements presented by the external auditors and attended to the
relevant matters pertaining to the tnancial statements of the Company.

Reviewed with the external auditors the nature and scope of their engagement and annual audit plan, the
tndings and results of their examination, their auditors report and management letters in relation to the audit
and accounting issues arising from the audit and the resource and assistance provided to them.
27
ANNUAL REPORT 2013
Discussed and noted the changes in accounting policies/standards that are applicable to the Company.
Reviewed the internal audit reports, which highlighted the audit issues and Managements response.
Reviewed the internal audit resource requirements, internal audit plan, tndings and progress for the tnancial
year under review.
Reviewed the Statement of Risk Management and Internal Control and Audit Committee Report prior to the
Board approval for inclusion in the Companys Annual Report.
Reviewed the recurrent related party transactions to ensure the transactions entered are undertaken on the
Groups normal commercial terms and the procedures with regards to such transactions are suftcient.
D. INTERNAL AUDIT FUNCTION
The internal audit function of the Group is outsourced to a professional consulting trm to undertake independent,
objective and systematic reviews of the internal controls system to evaluate its adequacy and effectiveness. The
outsourced internal auditors conduct the internal audit reviews according to the internal audit plan approved by the
Audit Committee.
The results of the internal audit reviews are tabled to the Audit Committee at their schedule meetings highlighting the
following:
Internal audit tndings/areas for improvement,

Recommendations to remedy the control weaknesses/improve existing internal controls system, and
Managements response and action plans to internal audit tndings/areas for improvement and related
recommendations.
The cost incurred in connection with the internal audit function during the tnancial year amounted to RM42,081.00.
Directors report 29
Statement by directors 33
Statutory declaration 33
Independent auditors report 34
Statements of comprehensive income 36
Statements of tnancial position 37
Statements of changes in equity 39
Statements of cash tows 41
Notes to the tnancial statements 43
Notes to the tnancial statements
- Supplementary information 84
FINANCIAL STATEMENTS
29
BRlLN14L FBBB lNBLS1RlLS BBLBlNBS BLRB4B 389769-H
ANNUAL PLP0P1 2013 ANNUAL PLP0P1 2013
blRC1UR5' RPUR1
The directors have pleasure in presenting their report together with the audited tnancial statements of the Group and of
the Company for the tnancial year ended 31 March 2013.
PRlNClPAL AC1lvl1l5
The principal activity of the Company is investment holding. The principal activities of the subsidiaries are described in
Note 14 to the tnancial statements. There have been no signitcant changes in the nature of the principal activities during
the tnancial year.
R5UL15
Greu Cemany
RM RM
Prott, net of tax, attributable to:
Owners of the parent 12,773,562 4,978,147
Non-controlling interest 78,909 -
12,852,471 4,978,147
There were no material transfers to or from reserves or provisions during the tnancial year other than as disclosed in the
tnancial statements.
In the opinion of the directors, the results of the operations of the Group and of the Company during the tnancial year were
not substantially affected by any item, transaction or event of a material and unusual nature.
blvlbNb5
The amounts of dividends paid by the Company since 31 March 2012 were as follows:
RM
In respect of the tnancial year ended 31 March 2012 as reported in the directors report of that year:
Final tax exempt dividend of 2 sen per ordinary share, declared on 29 May 2012 and paid
on 8 October 2012 1,200,000
In respect of the tnancial year ended 31 March 2013:
First interim tax exempt dividend of 1 sen per ordinary share, declared on 28 August 2012 and paid
on 8 October 2012 600,000
Second interim single tier dividend of 3 sen per ordinary share, declared on 22 November 2012
and paid on 2 January 2013 1,800,000
Third interim single tier dividend of 2 sen per ordinary share, declared on 26 February 2013
and paid on 3 April 2013 1,200,000
4,800,000
At the forthcoming Annual General Meeting, a tnal single tier dividend in respect of the tnancial year ended 31 March
2013, of 2 on 60,000,000 ordinary shares, amounting to a dividend payable of RM1,200,000 (2 sen per share) will be
proposed for shareholders approval. The tnancial statements for the current tnancial year do not retect this proposed
dividend. Such dividend, if approved by the shareholders, will be accounted for in equity as an appropriation of retained
earnings in the tnancial year ending 31 March 2014.
DIPECT0P5` PEP0PT
30
ANNUAL PLP0P1 2013
blRC1UR5
The names of the directors of the Company in oftce since the date of the last report and as at the date of this report are:
Y. Bhg. Tan Sri Dato Azizan Bin Husain
Hoo Beng Lee
Son Tong Leong
Son Tong Eng
Lim Keat Sear
Lim Hwa Yu
blRC1UR5' BNFl15
Neither at the end of the tnancial year, nor at any time during that year, did there subsist any arrangement to which the
Company was a party, whereby the directors might acquire benetts by means of the acquisition of shares in or debentures
of the Company or any other body corporate.
Since the end of the previous tnancial year, no director has received or become entitled to receive any benetts (other than
benetts included in the aggregate amount of emoluments received or due and receivable by the directors or the txed salary
of a full-time employee of the Company as shown in Note 9 to the tnancial statements) by reason of a contract made by
the Company or a related corporation with any director or with a trm of which he is a member, or with a company in which
he has a substantial tnancial interest, except as disclosed in Note 29 to the tnancial statements.
blRC1UR5' lN1R515
According to the register of directors shareholdings, the interests of directors in oftce at the end of the tnancial year in
shares in the Company and its related corporations during the tnancial year were as follows:
Number ef erdlnary shares ef RM1 each
1.4.2012 Acqulred 5eld 31.3.2013
Direct interests:
Datuk Son Chen Chuan 18,107,383 - - 18,107,383
Hoo Beng Lee 2,633,821 - - 2,633,821
Son Tong Leong 1,306,175 - - 1,306,175
Son Tong Eng 1,290,124 - - 1,290,124
Lim Keat Sear 733,753 - - 733,753
Lim Hwa Yu 828,000 - (828,000) -
Deemed interests:
Datuk Son Chen Chuan 7,601,444 1,335,000 - 8,936,444
Hoo Beng Lee 23,075,006 1,335,000 - 24,410,006
Son Tong Leong 24,402,652 1,335,000 - 25,737,652
Son Tong Eng 23,168,503 327,100 - 23,495,603
Lim Keat Sear 11,524,524 274,100 - 11,798,624
Datuk Son Chen Chuan by virtue of his interests in shares in the Company is also deemed interested in shares of all the
Companys subsidiaries to the extent the Company has interests.
None of the other directors in oftce at the end of the tnancial year had any interest in shares in the Company or its related
corporations during the tnancial year.
DIPECT0P5` PEP0PT
31
U1RR 51A1U1UR lNFURMA1lUN
(a) Before the statements of comprehensive income and statements of tnancial position of the Group and of the
Company were made out, the directors took reasonable steps:
(i) to ascertain that proper action had been taken in relation to the writing off of bad debts and the making of
provision for doubtful debts and satisted themselves that there were no known bad debts and that adequate
provision had been made for doubtful debts, and
(ii) to ensure that any current assets which were unlikely to realise their value as shown in the accounting records
in the ordinary course of business had been written down to an amount which they might be expected so to
realise.
(b) At the date of this report, the directors are not aware of any circumstances which would render:
(i) it necessary to write off any bad debts or the amount of the provision for doubtful debts inadequate to any
substantial extent, and
(ii) the values attributed to the current assets in the tnancial statements of the Group and of the Company
misleading.
(c) At the date of this report, the directors are not aware of any circumstances which have arisen which would render
adherence to the existing method of valuation of assets or liabilities of the Group and of the Company misleading or
inappropriate.
(d) At the date of this report, the directors are not aware of any circumstances not otherwise dealt with in this report
or tnancial statements of the Group and of the Company which would render any amount stated in the tnancial
statements misleading.
(e) As at the date of this report, there does not exist:
(i) any charge on the assets of the Group or of the Company which has arisen since the end of the tnancial year
which secures the liabilities of any other person, or
(ii) any contingent liability in respect of the Group or of the Company which has arisen since the end of the tnancial
year.
(f) In the opinion of the directors:
(i) no contingent or other liability has become enforceable or is likely to become enforceable within the period
of twelve months after the end of the tnancial year which will or may affect the ability of the Group or of the
Company to meet their obligations when they fall due, and
(ii) no item, transaction or event of a material and unusual nature has arisen in the interval between the end of the
tnancial year and the date of this report which is likely to affect substantially the results of the operations of
the Group or of the Company for the tnancial year in which this report is made.
DIPECT0P5` PEP0PT
32
ANNUAL PLP0P1 2013
AUbl1UR5
The auditors, Ernst & Young have expressed their willingness to continue in oftce.
Signed on behalf of the Board in accordance with a resolution of the directors dated 2 July 2013.
bA1UK 5UN CRN CRUAN 5UN 1UNG LUNG
DIPECT0P5` PEP0PT
33
we, Datuk Son Chen Chuan and Son Tong Leong, being two of the directors of Oriental Food Industries Holdings Berhad,
do hereby state that, in the opinion of the directors, the accompanying tnancial statements set out on pages 36 to 83 are
drawn up in accordance with Financial Reporting Standards and the requirements of the Companies Act, 1965 in Malaysia
so as to give a true and fair view of the tnancial position of the Group and of the Company as at 31 March 2013 and of
their tnancial performance and cash tows for the year then ended.
The information set out in Note 38 to the tnancial statements on page 84 have been prepared in accordance with the
Guidance on Special Matter No.1, Determination of Realised and unrealised Protts or Losses in the Context of Disclosure
Pursuant to Bursa Malaysia Securities Berhad Listing Requirements, as issued by the Malaysian Institute of Accountants.
Signed on behalf of the Board in accordance with a resolution of the directors dated 2 July 2013.
batuk 5en Chen Chuan 5en 1eng Leeng
I, Son Tong Leong, being the director primarily responsible for the tnancial management of Oriental Food Industries
Holdings Berhad., do solemnly and sincerely declare that the accompanying tnancial statements set out on pages 36 to 84
are in my opinion correct, and I make this solemn declaration conscientiously believing the same to be true and by virtue
of the provisions of the Statutory Declarations Act, 1960.
at Melaka in the State of Melaka 5en 1eng Leeng
on 2 July 2013
Before me,
TAN MOCK KOw
Commissioner for Oaths
5TATEHENT BY DIPECT0P5
PuRSuANT TO SECTION 169(15) OF THE COMPANIES ACT, 1965
5TATUT0PY DECLAPATI0N
PuRSuANT TO SECTION 169(16) OF THE COMPANIES ACT, 1965
34
ANNUAL PLP0P1 2013
RPUR1 UN 1R FlNANClAL 51A1MN15
we have audited the tnancial statements of Oriental Food Industries Holdings Berhad, which comprise statements of
tnancial position as at 31 March 2013 of the Group and of the Company, and statements of comprehensive income,
statements of changes in equity and statements of cash tows of the Group and of the Company for the year then ended,
and a summary of signitcant accounting policies and other explanatory notes, as set out on pages 36 to 83.
Directors responsibilit, for the hnancial statements
The directors of the Company are responsible for the preparation of tnancial statements so as to give a true and fair
view in accordance with 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
tnancial statements that are free from material misstatement, whether due to fraud or error.
Auditors responsibilit,
Our responsibility is to express an opinion on these tnancial 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 tnancial statements are
free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the tnancial
statements. The procedures selected depend on our judgment, including the assessment of risks of material misstatement
of the tnancial statements, whether due to fraud or error. In making those risk assessments, we consider internal control
relevant to the entitys preparation of tnancial 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 entitys
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 tnancial statements.
we believe that the audit evidence we have obtained is suftcient and appropriate to provide a basis for our audit opinion.
Opinion
In our opinion, the tnancial statements give a true and fair view of the tnancial position of the Group and of the Company
as at 31 March 2013 and of their tnancial performance and cash tows for the year then ended in accordance with
Financial Reporting Standards and the requirements of the Companies Act, 1965 in Malaysia.
INDEPENDENT AUDIT0P5` PEP0PT
TO THE MEMBERS OF ORIENTAL FOOD INDuSTRIES HOLDINGS BERHAD (Incorporated in Malaysia)
35
RPUR1 UN U1RR LGAL ANb RGULA1UR RqUlRMN15
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 have been properly kept in accordance with the provisions of the Act.
(b) we are satisted that the tnancial statements of the subsidiaries that have been consolidated with the tnancial
statements of the Company are in form and content appropriate and proper for the purposes of the preparation of
the consolidated tnancial statements and we have received satisfactory information and explanations required by us
for those purposes.
(c) The auditors reports on the tnancial statements of the subsidiaries were not subject to any qualitcation and did not
include any comment required to be made under Section 174(3) of the Act.
U1RR RPUR1lNG R5PUN5lBlLl1l5
The supplementary information set out in Note 38 on page 84 is disclosed to meet the requirement of Bursa Malaysia
Securities Berhad and is not part of the tnancial 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
Protts 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.
U1RR MA11R5
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.
rnst & eung Lee Ah 1ee
AF: 0039 2187/09/13(J)
Chartered Accountants Chartered Accountant
Melaka, Malaysia
Date: 2 July 2013
INDEPENDENT AUDIT0P5` PEP0PT
TO THE MEMBERS OF ORIENTAL FOOD INDuSTRIES HOLDINGS BERHAD (Incorporated in Malaysia)
36
ANNUAL PLP0P1 2013
Greu Cemany
Nete 2013 2012 2013 2012
RM RM RM RM
Revenue 4 212,099,889 195,269,469 7,093,515 6,684,273
Cost of sales (166,429,312) (152,309,613) - -
Gress ret 45,670,577 42,959,856 7,093,515 6,684,273
Other income 5 786,881 1,282,851 57 24
Uther ltems ef exense
General and administrative (9,605,221) (8,759,020) (675,617) (515,251)
Selling and distribution (20,213,943) (18,504,741) - -
Finance costs 6 (327,302) (179,288) - -
Pret befere tax 7 16,310,992 16,799,658 6,417,955 6,169,046
Tax expense 10 (3,458,521) (3,442,087) (1,439,808) (259,000)
Pret net ef tax, reresentlng tetal
cemrehenslve lnceme fer the year 12,852,471 13,357,571 4,978,147 5,910,046
Pret attrlbutable te:
Owners of the parent 12,773,562 13,088,247 4,978,147 5,910,046
Non-controlling interest 78,909 269,324 - -
12,852,471 13,357,571 4,978,147 5,910,046
arnlngs er share attrlbutable te ewners ef
the arent (sen er share)
Basic 11 21.29 21.81

The accompanying accounting policies and explanatory notes form an integral part of the tnancial statements.
5TATEHENT5 0F C0HPPEREN5IE INC0HE
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2013
37
Greu Cemany
Nete 2013 2012 2013 2012
RM RM RM RM
Assets
Nen-current assets
Property, plant and equipment 12 93,262,459 83,863,060 - -
Land held for property development 16 957,769 957,145 - -
Investment properties 13 923,874 939,657 - -
Investments in subsidiaries 14 - - 38,968,751 38,968,751
Investment security 15 372,438 372,438 - -
95,516,540 86,132,300 38,968,751 38,968,751
Current assets
Development property 16 3,553,062 3,927,224 - -
Inventories 17 17,350,966 19,274,047 - -
Trade and other receivables 18 31,762,235 25,624,425 28,311,077 28,014,267
Other current assets 19 3,809,239 8,234,475 1,206,241 4,248
Income tax recoverable 1,541,879 551,729 241,163 236,721
Cash and bank balances 22 18,189,192 15,521,886 21,762 63,324
76,206,573 73,133,786 29,780,243 28,318,560
1etal assets 171,723,113 159,266,086 68,748,994 67,287,311
qulty and llabllltles
Current llabllltles
Income tax payable - 484,534 - -
Loans and borrowings 23 5,420,344 9,379,786 - -
Trade and other payables 24 20,903,659 17,817,104 1,516,592 233,056
Derivatives 21 39,047 29,418 - -
26,363,050 27,710,842 1,516,592 233,056
Net current assets 49,843,523 45,422,944 28,263,651 28,085,504
5TATEHENT5 0F FINANCIAL P05ITI0N
AS AT 31 MARCH 2013
38
ANNUAL PLP0P1 2013
Greu Cemany
Nete 2013 2012 2013 2012
RM RM RM RM
Nen-current llabllltles
Deferred tax liabilities 25 6,575,356 5,027,815 - -
Loans and borrowings 23 5,372,497 1,167,690 - -
11,947,853 6,195,505 - -
1etal llabllltles 38,310,903 33,906,347 1,516,592 233,056

Net assets 133,412,210 125,359,739 67,232,402 67,054,255
qulty attrlbutable te ewners ef the arent
Share capital 26 60,000,000 60,000,000 60,000,000 60,000,000
Share premium - - 5,530,994 5,530,994
Revaluation reserves 27 9,959,616 9,959,616 - -
Retained earnings 28 62,845,226 54,871,664 1,701,408 1,523,261
132,804,842 124,831,280 67,232,402 67,054,255
Non-controlling interest 607,368 528,459 - -
1etal equlty 133,412,210 125,359,739 67,232,402 67,054,255
1etal equlty and llabllltles 171,723,113 159,266,086 68,748,994 67,287,311
5TATEHENT5 0F FINANCIAL P05ITI0N
AS AT 31 MARCH 2013
39
qulty
attrlbutable
te ewners Nen-dlstrlbutable blstrlbutable Nen-
Greu qulty, ef the 5hare Revaluatlen Retalned centrelllng
Nete tetal arent, tetal caltal reserves earnlngs lnterest
2013 RM RM RM RM RM RM
Uenlng balance
at 1 Arll 2012 125,359,739 124,831,280 60,000,000 9,959,616 54,871,664 528,459
1etal cemrehenslve
lnceme 12,852,471 12,773,562 - - 12,773,562 78,909
1ransactlen wlth ewners
Dividends paid on
ordinary shares 35 (4,800,000) (4,800,000) - - (4,800,000) -
Cleslng balance
at 31 March 2013 133,412,210 132,804,842 60,000,000 9,959,616 62,845,226 607,368
2012
Uenlng balance
at 1 Arll 2011 116,802,168 116,543,033 60,000,000 9,959,616 46,583,417 259,135
1etal cemrehenslve lnceme 13,357,571 13,088,247 - - 13,088,247 269,324
Dividends paid
on ordinary shares 35 (4,800,000) (4,800,000) - - (4,800,000) -
Cleslng balance
at 31 March 2012 125,359,739 124,831,280 60,000,000 9,959,616 54,871,664 528,459
5TATEHENT5 0F CRANE5 IN E0UITY
40
ANNUAL PLP0P1 2013
Nen-dlstrlbutable blstrlbutable
Cemany qulty, 5hare 5hare Retalned
Nete tetal caltal remlum earnlngs
2013 RM RM RM RM
Uenlng balance at 1 Arll 2012 67,054,255 60,000,000 5,530,994 1,523,261
1etal cemrehenslve lnceme 4,978,147 - - 4,978,147
Dividends paid on ordinary shares 35 (4,800,000) - - (4,800,000)
Cleslng balance at 31 March 2013 67,232,402 60,000,000 5,530,994 1,701,408
2012
Uenlng balance at 1 Arll 2011 65,944,209 60,000,000 5,530,994 413,215
1etal cemrehenslve lnceme 5,910,046 - - 5,910,046
Dividends paid on ordinary shares 35 (4,800,000) - - (4,800,000)
Cleslng balance at 31 March 2012 67,054,255 60,000,000 5,530,994 1,523,261
5TATEHENT5 0F CRANE5 IN E0UITY
41
Greu Cemany
2013 2012 2013 2012
RM RM RM RM
Ueratlng actlvltles
Prott before tax 16,310,992 16,799,658 6,417,955 6,169,046
Adjustments for:
Depreciation of:
- Property, plant and equipment 6,259,651 6,152,169 - -
- Investment properties 15,783 15,784 - -
Dividend income - - (7,093,515) (6,684,273)
Interest expense 327,302 179,288 - -
Interest income (229,144) (230,785) (57) (24)
Inventories written down 230,668 159,349 - -
Loss on disposal of property, plant and equipment 141,489 37,560 - -
Net fair value loss on derivatives 9,629 98,759 - -
Reversal of provision for slow moving inventories (491) - - -
unrealised gain on foreign exchange (205,217) (777,676) - -
Total adjustments 6,549,670 5,634,448 (7,093,572) (6,684,297)
Ueratlng cash ews befere changes ln werklng caltal 22,860,662 22,434,106 (615,611) (515,251)
Changes in working capital
Decrease in development property 373,538 1,649,142 - -
Decrease/(increase) in inventories 1,692,904 (4,310,861) - -
(Increase)/decrease in receivables (952,557) (10,891,288) (1,207,493) 9,960
Increase/(decrease) in payables 995,107 2,703,041 83,536 (1,016)
Total changes in working capital 2,108,992 (10,849,966) (1,123,957) 8,944
Cash ews frem,(used ln) eeratlens 24,969,654 11,584,140 (1,199,514) (506,301)
Interest received 229,144 230,785 57 24
Interest paid (327,302) (179,288) - -
Income taxes paid (3,899,642) (3,049,286) (6,414) (583)
Income taxes refunded 513,978 - 62,715 -
Net cash ews frem,(used ln) eeratlng actlvltles 21,485,832 8,586,351 (1,143,216) (506,866)
5TATEHENT5 0F CA5R FL0W5
42
ANNUAL PLP0P1 2013
Greu Cemany
2013 2012 2013 2012
RM RM RM RM
lnvestlng actlvltles
Purchase of property, plant and equipment (16,136,839) (9,086,795) - -
Proceeds from disposal of property, plant and equipment 336,300 453,570 - -
Dividend income - - 4,501,654 1,023,103
Net cash ews (used ln),frem lnvestlng actlvltles (15,800,539) (8,633,225) 4,501,654 1,023,103
Flnanclng actlvltles
Dividends paid on ordinary shares (3,600,000) (4,800,000) (3,600,000) (4,800,000)
Proceeds from loans and borrowings 6,039,317 5,006,335 - -
Repayment of loans and borrowings (4,936,758) (3,255,988) - -
Advances from subsidiaries - - 800,000 4,300,009
Net cash ews used ln nanclng actlvltles (2,491,441) (3,049,653) (2,800,000) (499,991)
Net lncrease,(decrease) ln cash and cash equlvalents 3,181,852 (3,096,521) (41,562) 16,246
Effect of exchange rate changes on cash and cash
equivalents 360,682 588,269 - -
Cash and cash equlvalents at 1 Arll 11,611,060 14,125,318 63,324 41,018
Cash and cash equlvalents at 31 March (Nete 22) 15,165,594 11,611,060 21,162 63,324
5TATEHENT5 0F CA5R FL0W5
43
1. CURPURA1 lNFURMA1lUN
The Company is a public limited liability company, incorporated and domiciled in Malaysia, and is listed on the Main
Market of Bursa Malaysia Securities Berhad. The principal place of business of the Company is located at No. 65,
Jalan usaha 7, Ayer Keroh Industrial Estate, 75450 Melaka.
The principal activity of the Company is investment holding. The principal activities of the subsidiaries are described
in Note 14 to the tnancial statements. There have been no signitcant changes in the nature of the principal activities
during the tnancial year.
2. 5UMMAR UF 5lGNlFlCAN1 ACCUUN1lNG PULlCl5
2.1 Basls ef rearatlen
The tnancial statements of the Group and of the Company have been prepared in accordance with Financial
Reporting Standards (FRS") and the requirements of the Companies Act, 1965 in Malaysia.
The tnancial statements have been prepared on the historical cost basis except as disclosed in the accounting
policies below.
The tnancial statements are presented in Ringgit Malaysia (RM).
2.2 Changes ln acceuntlng ellcles
The accounting policies adopted are consistent with those of the previous tnancial year except as follows:
On 1 April 2012, the Group and the Company adopted the following new FRS, amended FRS and IC Interpretations
mandatory for annual tnancial periods beginning on or after 1 April 2012.
FRS 124: Related Part, Disclosures
Amendments to FRS 1: Severe l,perination and Removal of lixed Dates for lirst-time Adopters
Amendments to FRS 7: Disclosures - Transfers of linancial Assets
Amendments to FRS 112: Deferred Tax: Recover, of Underl,ing Assets
Amendments to IC Interpretation 14: Prepa,ments of a Minimum lunding Requirement
IC Interpretation 19: Extinguishing linancial Liabilities with Equit, Instruments

Adoption of the above new FRS, amended FRS and IC Interpretations did not have any effect on the tnancial
performance or position of the Group and of the Company.
2.3 5tandards lssued but net yet effectlve
The standards and interpretations that are issued but not yet effective up to the date of issuance of the Groups
and the Companys tnancial statements are disclosed below. The Group and the Company intend to adopt
these standards, if applicable, when they become effective.
ffectlve fer annual erleds
bescrltlen beglnnlng en er after
FRS 101: Presentation of Items of Other Comprehensive Income (Amendments
to FRS 101) 1 July 2012
Amendments to FRS 101: Presentation of Financial Statements (Improvements
to FRSs (2012)) 1 January 2013
FRS 10: Consolidated Financial Statements 1 January 2013
FRS 11: Joint Arrangements 1 January 2013
FRS 12: Disclosure of interests in Other Entities 1 January 2013
FRS 13: Fair Value Measurement 1 January 2013
FRS 119: Employee Benetts 1 January 2013
N0TE5 T0 TRE FINANCIAL 5TATEHENT5
44
ANNUAL PLP0P1 2013
2. 5UMMAR UF 5lGNlFlCAN1 ACCUUN1lNG PULlCl5 (CUN1lNUb)
2.3 5tandards lssued but net yet effectlve (centlnued)
ffectlve fer annual erleds
bescrltlen beglnnlng en er after
FRS 127: Separate Financial Statements 1 January 2013
FRS 128: Investment in Associate and Joint Ventures 1 January 2013
Amendment to IC Interpretation 2 Members Shares in Co-operative Entities
and Similar Instruments (Improvements to FRSs (2012)) 1 January 2013
IC Interpretation 20 Stripping Costs in the Production Phase of a Surface Mine 1 January 2013
Amendments to FRS 7: Disclosures - Offsetting Financial Assets and Financial
Liabilities 1 January 2013
Amendments to FRS 1: Government Loans 1 January 2013
Amendments to FRS 1: First-time Adoption of Financial Reporting Standards
(Improvements to FRSs (2012)) 1 January 2013
Amendments to FRS 116: Property, Plant and Equipment (Improvements to
FRSs (2012)) 1 January 2013
Amendments to FRS 132: Financial Instruments: Presentation (Improvements to
FRSs (2012)) 1 January 2013
Amendments to FRS134: Interim Financial Reporting (Improvements to FRSs (2012)) 1 January 2013
Amendments to FRS 10: Consolidated Financial Statements: Transition Guidance 1 January 2013
Amendments to FRS 11: Joint Arrangements: Transition Guidance 1 January 2013
Amendments to FRS 12: Disclosure of Interests in Other Entities: Transition Guidance 1 January 2013
Amendments to FRS 132: Offsetting Financial Assets and Financial Liabilities 1 January 2014
Amendments to FRS 10, FRS 12 and FRS 127: Investment Entities 1 January 2014
FRS 9 Financial Instruments 1 January 2015
The directors expect that the adoption of the above standards and interpretations will have no material impact
on the tnancial statements in the period of initial application except as discussed below:
(a) FR5 9: Flnanclal lnstruments
FRS 9 retects the trst phase of the work on the replacement of FRS 139 Financial Instruments:
Recognition and Measurement and applies to classitcation and measurement of tnancial assets and
tnancial liabilities as detned in FRS 139 Financial Instruments: Recognition and Measurement. The
adoption of the trst phase of FRS 9 will have an effect on the classitcation and measurement of the
Groups tnancial assets. The Group will quantify the effect in conjunction with the other phases, when the
tnal standard including all phases is issued.
(b) FR5 13: Falr value Measurement
FRS 13 establishes a single source of guidance under FRS for all fair value measurements. FRS 13 does
not change when an entity is required to use fair value, but rather provides guidance on how to measure
fair value under FRS when fair value is required or permitted.
(c) Amendments te FR5 101: Presentatlen ef ltems ef Uther Cemrehenslve lnceme
The amendments to FRS 101 change the grouping of items presented in other comprehensive income.
Items that could be reclassited (or recycled") to prott or loss at a future point in time (for example,
exchange differences on translation of foreign operations and net loss or gain on available-for-sale tnancial
assets) would be presented separately from items which will never be reclassited. The amendment affects
presentation only and has no impact on the Groups tnancial position and performance.
45
2.4 Malayslan Flnanclal Reertlng 5tandards (MFR5 Framewerk)
On 19 November 2011, the Malaysian Accounting Standards Board (MASB) issued a new MASB approved
accounting framework, the Malaysian Financial Reporting Standards (MFRS Framework).
The MFRS Framework is to be applied by all Entities Other Than Private Entities for annual periods beginning on
or after 1 January 2012, with the exception of entities that are within the scope of MFRS 141 Agriculture and
IC Interpretation 15 Agreements for Construction of Real Estate, including its parent, signitcant investor and
venturer (herein referred as Transitioning Entities").
Transitioning Entities will be allowed to defer adoption of the new MFRS Framework for an additional two years.
Consequently, adoption of the new MFRS Framework by Transitioning Entities will be mandatory for annual
periods beginning on or after 1 January 2014.
The Groups falls within the scope of Transitioning Entities and accordingly, will be required to prepare tnancial
statements using the MFRS Framework in its trst MFRS tnancial statements for the year ending 31 March
2015. In presenting its trst MFRS tnancial statements, the Group will be required to restate the comparative
tnancial statements to amounts retecting the application of MFRS Framework. Accordingly, the consolidated
tnancial performance and tnancial position as disclosed in these tnancial statements for the year ended 31
March 2013 could be different if prepared under the MFRS Framework.
The Group is currently in the process of determining the impact arising from the initial application of the MFRS
Framework.
2.5 Basls ef censelldatlen
The consolidated tnancial statements comprise the tnancial statements of the Company and its subsidiaries as
at the reporting date. The tnancial statements of the subsidiaries used in the preparation of the consolidated
tnancial statements are prepared for the same reporting date as the Company. Consistent accounting policies
are applied to like transactions and events in similar circumstances.
All intra-group balances, income and expenses and unrealised gains and losses resulting from intra-group
transactions are eliminated in full.
Subsidiaries that were consolidated prior to 1 January 2002 are in accordance with Malaysian Accounting
Standard No.2, Accounting for Acquisition and Mergers. The Group has applied the exemption provided by FRS
3 to apply this standard prospectively. Accordingly, business combinations entered into prior to the effective
date have not been restated to comply with this standard.
under the merger method of accounting, the results of subsidiaries are presented as if the merger had been
effected throughout the current and previous years. The assets and liabilities combined are accounted for
based on the carrying amounts from the perspective of the common control shareholder at the date of transfer.
On consolidation, the difference between the cost of merger and the nominal value of the shares acquired is
adjusted against retained earnings.
Acquisitions of subsidiaries are accounted for by applying the purchase method. Identitable assets acquired
and liabilities and contingent liabilities assumed in a business combination are measured initially at their
fair values at the acquisition date. Adjustments to those fair values relating to previously held interests are
treated as a revaluation and recognised in other comprehensive income. The cost of a business combination is
measured as the aggregate of the fair values, at the date of exchange, of the assets given, liabilities incurred
or assumed, and equity instruments issued, plus any costs directly attributable to the business combination.
Any excess of the cost of business combination over the Groups share in the net fair value of the acquired
subsidiarys identitable assets, liabilities and contingent liabilities is recorded as goodwill on the statement of
tnancial position. Any excess of the Groups share in the net fair value of the acquired subsidiarys identitable
assets, liabilities and contigent liabilities over the cost of business combination is recognised as income in
prott or loss on the date of acquisition. when the Group acquires a business, embedded derivatives separated
from the host contract by the acquiree are reassessed on acquisition unless the business combination results
in a change in the terms of the contract that signitcantly modites the cash tows that would otherwise be
required under the contract.
46
ANNUAL PLP0P1 2013
2.5 Basls ef censelldatlen (centlnued)
Subsidiaries are consolidated from the date of acquisition, being the date on which the Group obtains control,
and continue to be consolidated until the date that such control ceases.
2.6 1ransactlens wlth nen-centrelllng lnterests
Non-controlling interests represent the portion of prott or loss and net assets in subsidiaries not held by the
Group and are presented separately in prott or loss of the Group and within equity in the consolidated statements
of tnancial position, separately from parent shareholders equity. Transactions with non-controlling interests
are accounted for using the entity concept method, whereby, transactions with non-controlling interests are
accounted for as transactions with owners. On acquisition of non-controlling interests, the difference between
the consideration and book value of the share of the net assets acquired is recognised directly in equity. Gain
or loss on disposal to non-controlling interests is recognised directly in equity.
2.1 Ferelgn currency
(a) Functlenal and resentatlen currency
The individual tnancial statements of each entity in the Group are measured using the currency of the
primary economic environment in which the entity operates (the functional currency"). The consolidated
tnancial statements are presented in Ringgit Malaysia (RM), which is also the Companys functional
currency.
(b) Ferelgn currencles transactlens
Transactions in foreign currencies are measured in the functional currency of the Company and its
subsidiaries and are recorded on initial recognition in the functional currency at exchange rates
approximating those ruling at the transaction dates. Monetary assets and liabilities denominated in
foreign currencies are translated at the rate of exchange ruling at the reporting date. Non-monetary items
denominated in foreign currencies that are measured at historical cost are translated using the exchange
rates as at the dates of the initial transactions.
Exchange differences arising on the settlement of monetary items or on translating monetary items at the
reporting date are recognised in prott or loss.
2.8 Preerty, lant and equlment
All items of property, plant and equipment are initially recorded at cost. The cost of an item of property,
plant and equipment is recognised as an asset if, and only if, it is probable that future economic benetts
associated with the item will tow to the Group and the cost of the item can be measured reliably.
Subsequent to recognition, property, plant and equipment are measured at cost less accumulated
depreciation and any accumulated impairment losses. when signitcant parts of property, plant and
equipment are required to be replaced in intervals, the Group recognises such parts as individual assets
with specitc useful lives and depreciation, respectively. Likewise, when a major inspection is performed,
its cost is recognised in the carrying amount of the property, plant and equipment as a replacement if the
recognition criteria are satisted. All other repair and maintenance costs are recognised in prott or loss as
incurred. Freehold land are measured at fair value less any accumulated impairment losses and buildings
are measured at fair value less accumulated depreciation and any accumulated impairment losses after
the date of the revaluation. Valuations are performed with suftcient regularity to ensure that the carrying
amount does not differ materially from the fair value of the freehold land and buildings at the reporting
date.
47
2.8 Preerty, lant and equlment (centlnued)
Any revaluation surplus is recognised in other comprehensive income and accumulated in equity under the
asset revaluation reserve, except to the extent that it reverses a revaluation decrease of the same asset
previously recognised in prott or loss, in which case the increase is recognised in prott or loss. A revaluation
detcit is recognised in prott or loss, except to the extent that it offsets an existing surplus on the same asset
carried in the asset revaluation reserve.
Freehold land has an unlimited useful life and therefore is not depreciated. Depreciation is computed on a
straight-line basis over the estimated useful lives of the assets as follows:
- Long term leasehold land: 78 to 99 years
- Buildings: 20 years
- Plant and machinery: 10 to 20 years
- Other assets: 5 to 10 years
Capital work-in-progress included in property, plant and equipment are not depreciated as these assets are not
yet available for use.
The carrying values of property, plant and equipment are reviewed for impairment when events or changes in
circumstances indicate that the carrying value may not be recoverable.
The residual value, useful life and depreciation method are reviewed at each tnancial year-end, and adjusted
prospectively, if appropriate.
An item of property, plant and equipment is derecognised upon disposal or when no future economic benetts
are expected from its use or disposal. Any gain or loss on derecognition of the asset is included in the prott or
loss in the year the asset is derecognised.
2.9 lnvestment reertles
Investment properties are initially measured at cost, including transaction costs. Subsequent to recognition,
investment properties are stated at cost less accumulated depreciation and any accumulated impairment
losses. The investment properties are depreciated in accordance with that for property, plant and equipment as
described in Note 2.8.
Investment properties are derecognised when either it has been disposed of or when the investment property is
permanently withdrawn from use and no future economic benett is expected from its disposal. Any gain or loss
on the retirement or disposal of an investment property is recognised in prott or loss in the year of retirement
or disposal.
Transfers are made to or from investment property only when there is a change in use. For a transfer from
investment property to owner-occupied property, the deemed cost for subsequent accounting is the fair value
at the date of change in use. For a transfer from owner-occupied property to investment property, the property
is accounted for in accordance with the accounting policy for property, plant and equipment set out in Note 2.8
up to the date of change in use.
2.10 lmalrment ef nen-nanclal assets
The Group assesses at each reporting date whether there is an indication that an asset may be impaired. If any
such indication exists, or when an annual impairment assessment for an asset is required, the Group makes an
estimate of the assets recoverable amount.
An assets recoverable amount is the higher of an assets fair value less costs to sell and its value in use. For
the purpose of assessing impairment, assets are grouped at the lowest levels for which there are separately
identitable cash tows (cash-generating units (CGu")).
48
ANNUAL PLP0P1 2013
2.10 lmalrment ef nen-nanclal assets (centlnued)
In assessing value in use, the estimated future cash tows expected to be generated by the asset are discounted
to their present value using a pre-tax discount rate that retects current market assessments of the time value
of money and the risks specitc to the asset. where the carrying amount of an asset exceeds its recoverable
amount, the asset is written down to its recoverable amount. Impairment losses recognised in respect of a CGu
or groups of CGus are allocated trst to reduce the carrying amount of any goodwill allocated to those units or
groups of units and then, to reduce the carrying amount of the other assets in the unit or groups of units on a
pro-rata basis.
Impairment losses are recognised in prott or loss. An assessment is made at each reporting date as to whether
there is any indication that previously recognised impairment losses may no longer exist or may have decreased.
A previously recognised impairment loss is reversed only if there has been a change in the estimates used
to determine the assets recoverable amount since the last impairment loss was recognised. If that is the
case, the carrying amount of the asset is increased to its recoverable amount. That increase cannot exceed
the carrying amount that would have been determined, net of depreciation, had no impairment loss been
recognised previously.
2.11 5ubsldlarles
A subsidiary is an entity over which the Group has the power to govern the tnancial and operating policies so
as to obtain benetts from its activities.
In the Companys separate tnancial statements, investments in subsidiaries are accounted for at cost less
accumulated losses.
2.12 Flnanclal assets
Financial assets are recognised in the statements of tnancial position when, and only when, the Group and the
Company become a party to the contractual provisions of the tnancial instrument.
when tnancial assets are recognised initially, they are measured at fair value, plus, in the case of tnancial
assets not at fair value through prott or loss, directly attributable transaction costs.
The Group and the Company determine the classitcation of their tnancial assets at initial recognition, and the
categories include tnancial assets at fair value through prott or loss, loans and receivables, held-to-maturity
investments and available-for-sale tnancial assets.
(a) Flnanclal assets at falr value threugh ret er less
Financial assets are classited as tnancial assets at fair value through prott or loss if they are held for
trading or are designated as such upon initial recognition. Financial assets held for trading are derivatives
(including separated embedded derivatives) or tnancial assets acquired principally for the purpose of
selling in the near term.
Subsequent to initial recognition, tnancial assets at fair value through prott or loss are measured at fair
value. Any gains or losses arising from changes in fair value are recognised in prott or loss. Net gains
or net losses on tnancial assets at fair value through prott or loss do not include exchange differences,
interest and dividend income. Exchange differences, interest and dividend income on tnancial assets at
fair value through prott or loss are recognised separately in prott or loss as part of other losses or other
income.
Financial assets at fair value through prott or loss could be presented as current or non-current. Financial
assets that is held primarily for trading purposes are presented as current whereas tnancial assets that
is not held primarily for trading purposes are presented as current or non-current based on the settlement
date.
49
2.12 Flnanclal assets (centlnued)
(b) Leans and recelvables
Financial assets with txed or determinable payments that are not quoted in an active market are classited
as loans and receivables.
Subsequent to initial recognition, loans and receivables are measured at amortised cost using the effective
interest method. Gains and losses are recognised in prott or loss when the loans and receivables are
derecognised or impaired, and through the amortisation process.
Loans and receivables are classited as current assets, except for those having maturity dates later than
12 months after the reporting date which are classited as non-current.
(c) Reld-te-maturlty lnvestments
Financial assets with txed or determinable payments and txed maturity are classited as held-to-maturity
when the Group has the positive intention and ability to hold the investment to maturity.
Subsequent to initial recognition, held-to-maturity investments are measured at amortised cost using
the effective interest method. Gains and losses are recognised in prott or loss when the held-to-maturity
investments are derecognised or impaired, and through the amortisation process.
Held-to-maturity investments are classited as non-current assets, except for those having maturity within
12 months after the reporting date which are classited as current.
(d) Avallable-fer-sale nanclal assets
Available-for-sale tnancial assets are tnancial assets that are designated as available for sale or are not
classited in any of the three preceding categories.
After initial recognition, available-for-sale tnancial assets are measured at fair value. Any gains or
losses from changes in fair value of the tnancial assets are recognised in other comprehensive income,
except that impairment losses, foreign exchange gains and losses on monetary instruments and interest
calculated using the effective interest method are recognised in prott or loss. The cumulative gain or
loss previously recognised in other comprehensive income is reclassited from equity to prott or loss as
a reclassitcation adjustment when the tnancial asset is derecognised. Interest income calculated using
the effective interest method is recognised in prott or loss. Dividends on an available-for-sale equity
instrument are recognised in prott or loss when the Group and the Companys right to receive payment is
established.
Investments in equity instruments whose fair value cannot be reliably measured are measured at cost
less impairment loss.
Available-for-sale tnancial assets are classited as non-current assets unless they are expected to be
realised within 12 months after the reporting date.
A tnancial asset is derecognised when the contractual right to receive cash tows from the asset has expired.
On derecognition of a tnancial asset in its entirety, the difference between the carrying amount and the sum of
the consideration received and any cumulative gain or loss that had been recognised in other comprehensive
income is recognised in prott or loss.
Regular way purchases or sales are purchases or sales of tnancial assets that require delivery of assets within
the period generally established by regulation or convention in the marketplace concerned. All regular way
purchases and sales of tnancial assets are recognised or derecognised on the trade date i.e., the date that the
Group and the Company commit to purchase or sell the asset.
50
ANNUAL PLP0P1 2013
2.13 lmalrment ef nanclal assets
The Group and the Company assess at each reporting date whether there is any objective evidence that a
tnancial asset is impaired.
(a) 1rade and ether recelvables and ether nanclal assets carrled at amertlsed cest
To determine whether there is objective evidence that an impairment loss on tnancial assets has been
incurred, the Group and the Company consider factors such as the probability of insolvency or signitcant
tnancial diftculties of the debtor and default or signitcant delay in payments. For certain categories of
tnancial assets, such as trade receivables, assets that are assessed not to be impaired individually are
subsequently assessed for impairment on a collective basis based on similar risk characteristics. Objective
evidence of impairment for a portfolio of receivables could include the Groups and the Companys past
experience of collecting payments, an increase in the number of delayed payments in the portfolio past
the average credit period and observable changes in national or local economic conditions that correlate
with default on receivables.
If any such evidence exists, the amount of impairment loss is measured as the difference between the
assets carrying amount and the present value of estimated future cash tows discounted at the tnancial
assets original effective interest rate. The impairment loss is recognised in prott or loss.
The carrying amount of the tnancial asset is reduced by the impairment loss directly for all tnancial
assets with the exception of trade receivables, where the carrying amount is reduced through the use
of an allowance account. when a trade receivable becomes uncollectible, it is written off against the
allowance account.
If in a subsequent period, the amount of the impairment loss decreases and the decrease can be
related objectively to an event occuring after the impairment was recognised, the previously recognised
impairment loss is reversed to the extent that the carrying amount of the asset does not exceed its
amortised cost at the reversal date. The amount of reversal is recognised in prott or loss.
(b) Unqueted equlty securltles carrled at cest
If there is objective evidence (such as signitcant adverse changes in the business environment where
the issuer operates, probability of insolvency or signitcant tnancial diftculties of the issuer) that an
impairment loss on tnancial assets carried at cost has been incurred, the amount of the loss is measured
as the difference between the assets carrying amount and the present value of estimated future cash
tows discounted at the current market rate of return for a similar tnancial asset. Such impairment losses
are not reversed in subsequent periods.
2.14 Cash and cash equlvalents
Cash and cash equivalents comprise cash at bank and on hand and include bank overdrafts that form an
integral part of the Groups cash management.
2.15 Land held fer reerty develement and reerty develement cests
(l) Land held fer reerty develement
Land held for property development consists of land where no development activities have been carried
out or where development activities are not expected to be completed within the normal operating cycle.
Such land is classited within non-current assets and is stated at cost less any accumulated impairment
losses.
Land held for property development is reclassited as property development costs at the point when
development activities have commenced and where it can be demonstrated that the development
activities can be completed within the normal operating cycle.
51
2.15 Land held fer reerty develement and reerty develement cests (centlnued)
(ll) Preerty develement cests
Property development costs comprise all costs that are directly attributable to development activities or
that can be allocated on a reasonable basis to such activities.
when the tnancial outcome of a development activity can be reliably estimated, property development
revenue and expenses are recognised in prott or loss by using the stage of completion method. The
stage of completion is determined by the proportion that property development costs incurred for work
performed to date bear to the estimated total property development costs.
where the tnancial outcome of a development activity cannot be reliably estimated, property development
revenue is recognised only to the extent of property development costs incurred that is probable will be
recoverable, and property development costs on properties sold are recognised as an expense in the
period in which they are incurred.
Any expected loss on a development project, including costs to be incurred over the defects liability
period, is recognised as an expense immediately.
Property development costs not recognised as an expense are recognised as an asset, which is measured
at the lower of cost and net realisable value.
The excess of revenue recognised in the prott or loss over billings to purchasers is classited as accrued
billings under other current assets and the excess of billings to purchasers over revenue recognised in
prott or loss is classited as progress billings under other current liabilities.
2.16 lnventerles
Inventories are stated at the lower of cost and net realisable value. Costs incurred in bringing the inventories to
their present location and condition are accounted for as follows:
- Raw materials : purchase costs on a weighted average basis.
- Finished goods and work-in-progress: costs of direct materials and labour and a proportion of manufacturing
overheads based on normal operating capacity. These costs are assigned on a weighted average basis.
Net realisable value is the estimated selling price in the ordinary course of business less estimated costs of
completion and the estimated costs necessary to make the sale.
2.11 Prevlslens
Provisions are recognised when the Group has a present obligation (legal or constructive) as a result of a past
event, it is probable that an outtow of economic resources will be required to settle the obligation and the
amount of the obligation can be estimated reliably.
Provisions are reviewed at each reporting date and adjusted to retect the current best estimate. If it is no
longer probable that an outtow of economic resources will be required to settle the obligation, the provision is
reversed. If the effect of the time value of money is material, provisions are discounted using a current pre tax
rate that retects, where appropriate, the risks specitc to the liability. when discounting is used, the increase in
the provision due to the passage of time is recognised as a tnance cost.
52
ANNUAL PLP0P1 2013
2.18 Flnanclal llabllltles
Financial liabilities are classited according to the substance of the contractual arrangements entered into and
the detnitions of a tnancial liability.
Financial liabilities, within the scope of FRS 139, are recognised in the statements of tnancial position when,
and only when, the Group and the Company become a party to the contractual provisions of the tnancial
instrument. Financial liabilities are classited as either tnancial liabilities at fair value through prott or loss or
other tnancial liabilities.
(a) Flnanclal llabllltles at falr value threugh ret er less
Financial liabilities at fair value through prott or loss include tnancial liabilities held for trading and
tnancial liabilities designated upon initial recognition as at fair value through prott or loss.
Financial liabilities held for trading include derivatives entered into by the Group and the Company that
do not meet the hedge accounting criteria. Derivative liabilities are initially measured at fair value and
subsequently stated at fair value, with any resultant gains or losses recognised in prott or loss. Net gains
or losses on derivatives include exchange differences.
(b) Uther nanclal llabllltles
The Groups and the Companys other tnancial liabilities include trade payables, other payables and loans
and borrowings.
Trade and other payables are recognised initially at fair value plus directly attributable transaction costs
and subsequently measured at amortised cost using the effective interest method.
Loans and borrowings are recognised initially at fair value, net of transaction costs incurred, and
subsequently measured at amortised cost using the effective interest method. Borrowings are classited
as current liabilities unless the Group has an unconditional right to defer settlement of the liability for at
least 12 months after the reporting date.
For other tnancial liabilities, gains and losses are recognised in prott or loss when the liabilities are
derecognised, and through the amortisation process.
A tnancial liability is derecognised when the obligation under the liability is extinguished. when an existing
tnancial liability is replaced by another from the same lender on substantially different terms, or the terms of
an existing liability are substantially modited, such an exchange or moditcation is treated as a derecognition of
the original liability and the recognition of a new liability, and the difference in the respective carrying amounts
is recognised in prott or loss.
2.19 Flnanclal guarantee centracts
A tnancial guarantee contract is a contract that requires the issuer to make specited payments to reimburse
the holder for a loss it incurs because a specited debtor fails to make payment when due.
Financial guarantee contracts are recognised initially as a liability at fair value, net of transaction costs.
Subsequent to initial recognition, tnancial guarantee contracts are recognised as income in prott or loss over
the period of the guarantee. If the debtor fails to make payment relating to tnancial 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.
53
2.20 Berrewlng cests
Borrowing costs are capitalised as part of the cost of a qualifying asset if they are directly attributable to the
acquisition, construction or production of that asset. 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.
All other borrowing costs are recognised in prott or loss in the period they are incurred. Borrowing costs consist
of interest and other costs that the Group and the Company incurred in connection with the borrowing of funds.
2.21 mleyee benets
Detned contribution plans
The Group makes contributions to the Employee Provident Fund in Malaysia, a detned contribution pension
scheme. Contributions to detned contribution pension schemes are recognised as an expense in the period in
which the related service is performed.
2.22 Leases
(a) As lessee
Operating lease payments are recognised as an expense in prott or loss on a straight-line basis over the
lease term. The aggregate benett of incentives provided by the lessor is recognised as a reduction of
rental expense over the lease term on a straight-line basis.
(b) As lesser
Leases where the Group retains substantially all the risks and rewards of ownership of the asset are
classited as operating leases. Initial direct costs incurred in negotiating an operating lease are added to
the carrying amount of the leased asset and recognised over the lease term on the same bases as rental
income.
2.23 Revenue
Revenue is recognised to the extent that it is probable that the economic benetts will tow to the Group and
the revenue can be reliably measured. Revenue is measured at the fair value of consideration received or
receivable.
(a) 5ale ef geeds
Revenue from sale of goods is recognised upon the transfer of signitcant risk and rewards of ownership
of the goods to the customer. Revenue is not recognised to the extent where there are signitcant
uncertainties regarding recovery of the consideration due, associated costs or the possible return of
goods.
(b) 5ale ef reertles
Revenue from sale of properties is accounted for by the stage of completion method as described in Note
2.15.
(c) blvldend lnceme
Dividend income is recognised when the Groups right to receive payment is established.
54
ANNUAL PLP0P1 2013
2.23 Revenue (centlnued)
(d) lnterest lnceme
Interest income is recognised using the effective interest method.
(e) Rental lnceme
Rental income is accounted for on a straight-line basis over the lease terms. The aggregate costs of
incentives provided to lessees are recognised as a reduction of rental income over the lease term on a
straight-line basis.
2.24 lnceme taxes
(a) Current tax
Current tax assets and liabilities are measured at the amount expected to be recovered from or paid to the
taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted
or substantively enacted by the reporting date.
Current taxes are recognised in prott or loss except to the extent that the tax relates to items recognised
outside prott or loss, either in other comprehensive income or directly in equity.
(b) beferred tax
Deferred tax is provided using the liability method on temporary differences at the reporting date between
the tax bases of assets and liabilities and their carrying amounts for tnancial reporting purposes.
Deferred tax liabilities are recognised for all temporary differences, except:
- where the deferred tax liability arises from the initial recognition of goodwill or of an asset or liability
in a transaction that is not a business combination and, at the time of the transaction, affects
neither the accounting prott nor taxable prott or loss, and
- in respect of taxable temporary differences associated with investments in subsidiaries, associates
and interests in joint ventures, where the timing of the reversal of the temporary differences can
be controlled and it is probable that the temporary differences will not reverse in the foreseeable
future.
Deferred tax assets are recognised for all deductible temporary differences, carry forward of unused tax
credits and unused tax losses, to the extent that it is probable that taxable prott will be available against
which the deductible temporary differences, and the carry forward of unused tax credits and unused tax
losses can be utilised except:
- where the deferred tax asset relating to the deductible temporary difference arises from the initial
recognition of an asset or liability in a transaction that is not a business combination and, at the
time of the transaction, affects neither the accounting prott nor taxable prott or loss, and
- in respect of deductible temporary differences associated with investments in subsidiaries,
associates and interests in joint ventures, deferred tax assets are recognised only to the extent that
it is probable that the temporary differences will reverse in the foreseeable future and taxable prott
will be available against which the temporary differences can be utilised.
The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent
that it is no longer probable that suftcient taxable prott will be available to allow all or part of the deferred
tax asset to be utilised. unrecognised deferred tax assets are reassessed at each reporting date and are
recognised to the extent that it has become probable that future taxable prott will allow the deferred tax
assets to be utilised.
55
2.24 lnceme taxes (centlnued)
(b) beferred tax (centlnued)
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the year
when the asset is realised or the liability is settled, based on tax rates and tax laws that have been
enacted or substantively enacted at the reporting date.
Deferred tax relating to items recognised outside prott or loss is recognised outside prott or loss. Deferred
tax items are recognised in correlation to the underlying transaction either in other comprehensive income
or directly in equity and deferred tax arising from a business combination is adjusted against goodwill on
acquisition.
Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to set off
current tax assets against current tax liabilities and the deferred taxes relate to the same taxable entity
and the same taxation authority.
(c) 5ales tax
Revenues, expenses and assets are recognised net of the amount of sales tax except:
- where the sales tax incurred in a purchase of assets or services is not recoverable from the taxation
authority, in which case the sales tax is recognised as part of the cost of acquisition of the asset or
as part of the expense item as applicable, and
- receivables and payables that are stated with the amount of sales tax included.
The net amount of sales tax recoverable from, or payable to, the taxation authority is included as part of
receivables or payables in the statements of tnancial position.
2.25 5egment reertlng
For management purposes, the Group is organised into operating segments based on their products and services
which are independently managed by the respective segment managers responsible for the performance of the
respective segments under their charge. The segment managers report directly to the management of the
Group who regularly review the segment results in order to allocate resources to the segments and to assess
the segment performance. Additional disclosures on each of these segments are shown in Note 34, including
the factors used to identify the reportable segments and the measurement basis of segment information.
2.26 5hare caltal and share lssuance exenses
An equity instrument is any contract that evidences a residual interest in the assets of the Group and the
Company after deducting all of their liabilities. Ordinary shares are equity instruments.
Ordinary shares are recorded at the proceeds received, net of directly attributable incremental transaction
costs. Ordinary shares are classited as equity. Dividends on ordinary shares are recognised in equity in the
period in which they are declared.
2.21 Centlngencles
A contingent liability or asset is a possible obligation or asset that arises from past events and whose existence
will be contrmed only by the occurrence or non-occurrence of uncertain future event(s) not wholly within the
control of the Group.
Contingent liabilities and assets are not recognised in the statements of tnancial position of the Group.
56
ANNUAL PLP0P1 2013
3. 5lGNlFlCAN1 ACCUUN1lNG JUbGMN15 ANb 51lMA15
The preparation of the Groups tnancial statements requires management to make judgments, estimates and
assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the disclosure of
contingent liabilities at the reporting date. However, uncertainty about these assumptions and estimates could result
in outcomes that could require a material adjustment to the carrying amount of the asset or liability affected in the
future.
3.1 Judgments made ln alylng acceuntlng ellcles
The management did not make any critical judgment in the process of applying the Groups accounting policies
that have a signitcant effect on the amounts recognised in the tnancial statements.
3.2 Key seurces ef estlmatlen uncertalnty
The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date
that have a signitcant risk of causing a material adjustment to the carrying amounts of assets and liabilities
within the next tnancial year are discussed below.
(a) Useful llves ef lant and machlnery
The cost of plant and machinery for the manufacture of snack food and confectioneries is depreciated
on a straight-line basis over the assets estimated economic useful lives. Management estimates the
useful lives of these plant and machinery to be 10 to 20 years. These are common life expectancies
applied in the industry. Changes in the expected level of usage and technological developments could
impact the economic useful lives and the residual values of these assets, therefore, future depreciation
charges could be revised. The carrying amount of the Groups plant and machinery at the reporting date
is disclosed in Note 12.
(b) lmalrment ef leans and recelvables
The Group assesses at each reporting date whether there is any objective evidence that a tnancial
asset is impaired. To determine whether there is objective evidence of impairment, the Group considers
factors such as the probability of insolvency or signitcant tnancial diftculties of the debtor and default or
signitcant delay in payments.
where there is objective evidence of impairment, the amount and timing of future cash tows are estimated
based on historical loss experience for assets with similar credit risk characteristics. The carrying amount
of the Groups loans and receivable at the reporting date is disclosed in Note 18.
(c) lnventerles valuatlen
The Group reviews the adequacy of provision for slow moving inventories at each reporting date to
ensure that inventories are stated at the lower of cost and net realisable value. In assessing the extent
of provision for slow moving inventories, the directors, having considered all available information, are of
the opinion that these goods can be realised in the ordinary course of business.
(d) Preerty develement
The Group recognises property development revenue and expenses in the statement of comprehensive
income by using the stage of completion method. The stage of completion is determined by the proportion
that property development costs incurred for work performed to date bear to the estimated total property
development costs.
Signitcant judgment is required in determining the stage of completion, the extent of the property
development costs incurred, the estimated total property development revenue and costs, as well as the
recoverability of the property development costs. In making the judgment, the Group evaluates based on
past experience and by relying on the work of specialists.
57
4. RvNU
Greu Cemany
2013 2012 2013 2012
RM RM RM RM
Sale of goods 207,592,918 183,092,563 - -
Sale of properties 4,506,971 12,176,906 - -
Dividend income from a subsidiary - - 7,093,515 6,684,273
212,099,889 195,269,469 7,093,515 6,684,273
5. U1RR lNCUM
Greu Cemany
2013 2012 2013 2012
RM RM RM RM
Gain on foreign exchange:
- realised 203,034 130,220 - -
- unrealised 205,217 777,676 - -
Interest income 229,144 230,785 57 24
Rental income 90,000 90,000 - -
Miscellaneous 59,486 54,170 - -
786,881 1,282,851 57 24
6. FlNANC CU515
Greu
2013 2012
RM RM
Interest expense on:
- Bank loans 315,168 172,704
- Other bank borrowings 12,134 6,584
Total tnance costs 327,302 179,288
58
ANNUAL PLP0P1 2013
1. PRUFl1 BFUR 1AX
The following items have been included in arriving at prott before tax:
Greu Cemany
2013 2012 2013 2012
RM RM RM RM
Auditors remuneration:
- Statutory audits 75,000 65,000 22,000 20,000
- Other services 5,000 5,000 5,000 5,000
Depreciation of:
- Property, plant and equipment (Note 12) 6,259,651 6,152,169 - -
- Investment properties (Note 13) 15,783 15,784 - -
Net fair value loss on derivatives 9,629 98,759 - -
Direct operating expenses arising
from investment properties
- Rental generating properties 5,506 5,916 - -
Employee benetts expense (Note 8) 18,585,485 15,997,900 196,800 112,000
Loss on disposal of property, plant and equipment 141,489 37,560 - -
Inventories written down 230,668 159,349 - -
Operating leases:
- Minimum lease payments for premises 208,420 192,600 - -
Reversal of provision for slow moving inventories (491) - - -
8. MPLU BNFl15 XPN5
Greu Cemany
2013 2012 2013 2012
RM RM RM RM
Salaries, bonus and allowances 16,055,756 13,728,925 180,000 100,000
Detned contribution plans 1,356,309 1,208,373 16,800 12,000
Other employee benetts 1,173,420 1,060,602 - -

18,585,485 15,997,900 196,800 112,000
Included in employee benetts expense of the Group and the Company are executive directors remuneration
amounting to RM2,631,540 (2012: RM2,396,800) and RM196,800 (2012: RM112,000) respectively.
59
9. blRC1UR5' RMUNRA1lUN
The details of remuneration receivable by directors of the Group and of the Company during the year are as follows:
Greu Cemany
2013 2012 2013 2012
RM RM RM RM
Executive:
- Fees - current year 236,000 196,000 140,000 100,000
- underprovision 40,000 - 40,000 -
- Salaries and other emoluments 1,950,000 1,824,000 - -
- Detned contribution plans 405,540 376,800 16,800 12,000
Total executive directors remuneration
(excluding benetts-in-kind) 2,631,540 2,396,800 196,800 112,000
Estimated money value of benetts-in-kind 91,650 91,650 - -
Total executive directors remuneration
(including benetts-in-kind) 2,723,190 2,488,450 196,800 112,000
Non-executive:
- Fees - current year 140,000 100,000 140,000 100,000
- underprovision 40,000 - 40,000 -
- Salaries and other emoluments 60,000 60,000 60,000 60,000
- Detned contribution plans 8,400 6,000 8,400 6,000
Total non-executive directors remuneration 248,400 166,000 248,400 166,000
Total directors remuneration 2,971,590 2,654,450 445,200 278,000
10. 1AX XPN5
Majer cemenents ef tax exense
The major components of tax expense for the years ended 31 March 2013 and 2012 are:
Greu Cemany
2013 2012 2013 2012
RM RM RM RM
5tatements ef cemrehenslve lnceme:
- Current income tax 1,798,849 3,081,966 1,374,500 259,000
- underprovision in respect of previous years 112,131 21,121 65,308 -

1,910,980 3,103,087 1,439,808 259,000
Deferred income tax (Note 25):
Relating to origination and reversal
of temporary differences 1,465,126 280,000 - -
underprovision in respect of previous years 82,415 59,000 - -

1,547,541 339,000 - -
Tax expense recognised in prott or loss 3,458,521 3,442,087 1,439,808 259,000
60
ANNUAL PLP0P1 2013
10. 1AX XPN5 (CUN1lNUb)
Recenclllatlen between tax exense and acceuntlng ret

The reconciliations between tax expense and the product of accounting prott multiplied by the applicable corporate
tax rate for the years ended 31 March 2013 and 2012 are as follows:
Greu Cemany
2013 2012 2013 2012
RM RM RM RM
Prott before tax 16,310,992 16,799,658 6,417,955 6,169,046
Tax at Malaysian statutory tax rate of 25 (2012: 25) 4,077,748 4,199,914 1,604,489 1,542,262
Adjustments:
Income not subject to taxation (75,994) (177,084) (272,828) (1,330,035)
Non-deductible expenses 455,787 311,691 42,839 46,740
Effect of certain expenses eligible for double deduction (1,193,541) (972,499) - -
Others (25) (56) - 33
underprovision of deferred income
tax in respect of previous years 82,415 59,000 - -
underprovision of income
tax in respect of previous years 112,131 21,121 65,308 -

Tax expense recognised in prott or loss 3,458,521 3,442,087 1,439,808 259,000
Income tax is calculated at the Malaysian statutory tax rate of 25 (2012: 25) of the estimated assessable prott
for the year.
The unutilised reinvestment allowances of the Group as at reporting date available for carry forward to offset against
future taxable income is approximately RM20,184,000 (2012: RM22,720,000).
11. ARNlNG5 PR 5RAR
(a) Baslc
Basic earnings per share amounts are calculated by dividing prott for the year, net of tax, attributable to owners
of the parent by the weighted average number of ordinary shares outstanding during the tnancial year.
Greu
2013 2012
RM RM
Prott net of tax attributable to owners of the parent 12,773,562 13,088,247

weighted average number of ordinary shares 60,000,000 60,000,000

Basic earnings per share (sen) 21.29 21.81
(b) blluted
There is no diluted earnings per share as the Company does not have any dilutive potential ordinary shares as
at the year end.
61
12. PRUPR1, PLAN1 ANb qUlPMN1
Furnlture,
ttlngs and Caltal
* Land and Plant and Meter efce werk-ln-
Greu bulldlngs Renevatlens machlnery vehlcles equlment regress 1etal
RM RM RM RM RM RM RM
Cest er valuatlen
At 1 Arll 2011 31,561,132 - 80,777,729 6,419,195 11,968,489 1,487,374 132,213,919
Additions - - 743,575 705,195 152,613 7,485,412 9,086,795
Disposals - - (42,600) (572,587) (6,800) - (621,987)
At 31 March 2012
and 1 Arll 2012 31,561,132 - 81,478,704 6,551,803 12,114,302 8,972,786 140,678,727
Additions - - 11,891,349 292,220 796,936 3,156,334 16,136,839
Disposals - - (2,570) (1,004,808) (5,450) - (1,012,828)
written off - - - - (750) - (750)
Reclassitcations 3,271,043 352,209 297,025 - - (3,920,277) -
At 31 March 2013 34,832,175 352,209 93,664,508 5,839,215 12,905,038 8,208,843 155,801,988
Representing:
At cost 16,972,175 352,209 93,664,508 5,839,215 12,905,038 8,208,843 137,941,988
At valuation 17,860,000 - - - - - 17,860,000
At 31 March 2013 34,832,175 352,209 93,664,508 5,839,215 12,905,038 8,208,843 155,801,988
Accumulated
dereclatlen
At 1 Arll 2011 3,511,089 - 37,530,757 2,816,369 6,936,140 - 50,794,355
Depreciation charge
for the year (Note 7) 1,249,068 - 3,406,889 484,745 1,011,467 - 6,152,169
Disposals - - (22,475) (105,889) (2,493) - (130,857)
At 31 March 2012
and 1 Arll 2012 4,760,157 - 40,915,171 3,195,225 7,945,114 - 56,815,667
Depreciation charge
for the year (Note 7) 1,253,230 2,935 3,603,431 457,552 942,503 - 6,259,651
Disposals - - (2,568) (529,581) (2,890) - (535,039)
written off - - - - (750) - (750)
At 31 March 2013 6,013,387 2,935 44,516,034 3,123,196 8,883,977 - 62,539,529
62
ANNUAL PLP0P1 2013
12. PRUPR1, PLAN1 ANb qUlPMN1 (CUN1lNUb)
Furnlture,
ttlngs and Caltal
* Land and Plant and Meter efce werk-ln-
Greu bulldlngs Renevatlens machlnery vehlcles equlment regress 1etal
RM RM RM RM RM RM RM
Net carrylng ameunt
At cost 12,272,482 - 40,563,533 3,356,578 4,169,188 8,972,786 69,334,567
At valuation 14,528,493 - - - - - 14,528,493
At 31 March 2012 26,800,975 - 40,563,533 3,356,578 4,169,188 8,972,786 83,863,060
At cost 15,363,563 349,274 49,148,474 2,716,019 4,021,061 8,208,843 79,807,234
At valuation 13,455,225 - - - - - 13,455,225
At 31 March 2013 28,818,788 349,274 49,148,474 2,716,019 4,021,061 8,208,843 93,262,459
* Land and bulldlngs
Leng term
Freeheld leaseheld
Greu land land Bulldlngs 1etal
RM RM RM RM
Cest er valuatlen
At 1 Arll 2011 and 31 March 2012 1,150,000 13,701,132 16,710,000 31,561,132
Reclassitcations - - 3,271,043 3,271,043
At 31 March 2013 1,150,000 13,701,132 19,981,043 34,832,175
Representing:
At cost - 13,701,132 3,271,043 16,972,175
At valuation 1,150,000 - 16,710,000 17,860,000
At 31 March 2013 1,150,000 13,701,132 19,981,043 34,832,175
Accumulated dereclatlen
At 1 Arll 2011 - 1,252,850 2,258,239 3,511,089
Depreciation charge for the year - 175,800 1,073,268 1,249,068
At 31 March 2012 and 1 Arll 2012 - 1,428,650 3,331,507 4,760,157
Depreciation charge for the year - 175,800 1,077,430 1,253,230

At 31 March 2013 - 1,604,450 4,408,937 6,013,387
63
12. PRUPR1, PLAN1 ANb qUlPMN1 (CUN1lNUb)
* Land and bulldlngs (centlnued)
Leng term
Freeheld leaseheld
Greu land land Bulldlngs 1etal
RM RM RM RM
Net carrylng ameunt
At cost - 12,272,482 - 12,272,482
At valuation 1,150,000 - 13,378,493 14,528,493
At 31 March 2012 1,150,000 12,272,482 13,378,493 26,800,975
At cost - 12,096,682 3,266,881 15,363,563
At valuation 1,150,000 - 12,305,225 13,455,225
At 31 March 2013 1,150,000 12,096,682 15,572,106 28,818,788
Revaluation of freehold land and buildings
Freehold land and buildings were revalued in year 2009 by an accredited independent valuers with appropriate
recognised professional qualitcation and experience in the location and category of the properties being valued. Fair
value was determined by reference to open market values.
If the freehold land and buildings were measured using the cost model, the carrying amount would be as follows:
Greu
2013 2012
RM RM
Freehold land 911,381 911,381
Buildings 7,031,529 7,640,964
7,942,910 8,552,345
64
ANNUAL PLP0P1 2013
13. lNv51MN1 PRUPR1l5
Greu
2013 2012
RM RM
Cest:
At 1 April 2011/31 March 2012 and 31 March 2013 1,077,209 1,077,209
Accumulated dereclatlen:
At 1 April 137,552 121,768
Depreciation charge for the year (Note 7) 15,783 15,784
At 31 March 153,335 137,552
Net carrylng ameunt 923,874 939,657
Falr value 1,760,000 1,605,000
14. lnvestments ln subsldlarles
Cemany
2013 2012
RM RM
unquoted shares, at cost 38,968,751 38,968,751
Details of the subsidiaries, all of which were incorporated in Malaysia, are as follows:
Preertlen () ef
Name ef subsldlarles Prlnclal actlvltles ewnershl lnterest
2013 2012
Oriental Food Industries Manufacturing and marketing 100 100
Sdn. Bhd. of snack food and confectioneries
OFI Properties Sdn. Bhd. Property development 90 90

leld through Oriental lood Industries Sdn. Bhd.:
Oriental Food Marketing (M) Sales and marketing of snack food 100 100
Sdn. Bhd. and confectioneries
65
15. lNv51MN1 5CURl1
Greu
2013 2012
RM RM
Available-for-sale tnancial asset
- Equity instrument (unquoted), at cost 372,438 372,438
The investment in unquoted equity instrument represent ordinary shares that are not quoted on any active market
and carried at cost less any accumulated impairment losses as its fair value cannot be measured reliably.
The available-for-sale tnancial asset is classited as non-current asset as it is not expected to be realised within 12
months after the reporting date.
16. PRUPR1 bvLUPMN1 CU515
Greu
(a) Land held fer reerty develement
Leaseheld
land
Cest,carrylng ameunt: RM
At 1 April 2011 and 31 March 2012 957,145
Addition 624
At 31 March 2013 957,769
66
ANNUAL PLP0P1 2013
16. PRUPR1 bvLUPMN1 CU515 (CUN1lNUb)
(b) Preerty develement cests
Leaseheld bevelement
land cests 1etal
RM RM RM
Cumulatlve reerty develement cests:
At 1 April 2011 4,930,576 1,703,542 6,634,118
Cost incurred during the year 42,495 6,675,363 6,717,858
At 31 March 2012 and 1 April 2012 4,973,071 8,378,905 13,351,976
Cost incurred during the year - 2,829,820 2,829,820
At 31 March 2013 4,973,071 11,208,725 16,181,796
Cumulatlve cests recegnlsed ln ret er less:
At 1 April 2011 811,006 238,964 1,049,970
Recognised during the year 2,836,041 5,538,741 8,374,782
At 31 March 2012 and 1 April 2012 3,647,047 5,777,705 9,424,752
Recognised during the year 385,227 2,818,755 3,203,982
At 31 March 2013 4,032,274 8,596,460 12,628,734
Propert, dere|opmeat costs:
At 31 March 2012 1,326,024 2,601,200 3,927,224
At 31 March 2013 940,797 2,612,265 3,553,062
11. lNvN1URl5
Greu
2013 2012
RM RM

Cest
Raw materials 13,247,118 14,723,811
work-in-progress 66,458 50,508
Finished goods 4,037,390 4,499,728

17,350,966 19,274,047
During the tnancial year, the amount of inventories recognised as an expense in cost of sales of the Group was
RM162,744,210 (2012: RM193,695,178).
67
18. 1RAb ANb U1RR RClvABL5
Greu Cemany
2013 2012 2013 2012
RM RM RM RM
1rade recelvables
Third parties 31,498,159 25,885,122 - -
Less: Allowance for impairment (1,088,124) (1,088,124) - -
Trade receivables, net 30,410,035 24,796,998 - -
Uther recelvables
Third parties 805,864 318,940 - -
Amounts due from subsidiaries - - 28,305,577 28,014,267
Refundable deposits 444,386 323,867 5,500 -
Staff loans 101,950 184,620 - -
1,352,200 827,427 28,311,077 28,014,267
Total trade and other receivables 31,762,235 25,624,425 28,311,077 28,014,267
Add: Cash and bank balances (Note 22) 18,189,192 15,521,886 21,762 63,324
Total loans and receivables 49,951,427 41,146,311 28,332,839 28,077,591
(a) 1rade recelvables
Trade receivables are non-interest bearing and are generally on 30 to 120 days (2012: 30 to 120 days) terms.
They are recognised at their original invoice amounts which represent their fair values on initial recognition.
Ageing analysis of trade receivables
The ageing analysis of the Groups trade receivables is as follows:
Greu
2013 2012
RM RM
Neither past due nor impaired 18,205,504 13,831,000
1 to 30 days past due not impaired 6,599,111 7,722,206
31 to 60 days past due not impaired 2,501,140 1,444,605
More than 61 days past due not impaired 3,104,280 1,799,187
12,204,531 10,965,998
Impaired 1,088,124 1,088,124
31,498,159 25,885,122
68
ANNUAL PLP0P1 2013
18. 1RAb ANb U1RR RClvABL5 (CUN1lNUb)
(a) 1rade recelvables (centlnued)
Receivables that are neither past due nor impaired
Trade and other receivables that are neither past due nor impaired are creditworthy debtors with good payment
records with the Group.
None of the Groups trade receivables that are neither past due nor impaired have been renegotiated during the
tnancial year.
Receivables that are past due but not impaired
The Group has trade receivables amounting to RM12,204,531 (2012: RM10,965,998) that are past due at the
reporting date but not impaired. These receivables are active accounts which the management considers to be
recoverable.
Receivables that are impaired
The Groups trade receivables that are individually impaired at the reporting date and the movement of the
allowance accounts used to record the impairment are as follows:
Greu
2013 2012
RM RM
Trade receivables - nominal amounts 1,088,124 1,088,124
Less: Allowance for impairment (1,088,124) (1,088,124)
- -
Trade receivables that are individually determined to be impaired at the reporting date relate to debtors that
are in signitcant tnancial diftculties and/or have defaulted on payments. These receivables are not secured by
any collateral or credit enhancements.
(b) Related arty balances
The amounts due from subsidiaries are unsecured, non-interest bearing and are repayable upon demand.
(c) 5taff leans
Staff loans are unsecured and non-interest bearing. The loans are recognised initially at fair value. The difference
between the fair value and the nominal loan amount represents payment for services to be rendered during the
period of the loan and is recorded as part of prepaid operating expenses.
69
19. U1RR CURRN1 A5515
Greu Cemany
2013 2012 2013 2012
RM RM RM RM
Amount due from customers for contract work (Note 20) 249,387 1,760,615 - -
Advances to suppliers of property, plant and equipment 1,796,437 5,610,097 - -
Prepaid operating expenses 563,415 863,763 6,241 4,248
Deposit placed in Bursa Malaysia Securities Berhads
dividend account 1,200,000 - 1,200,000 -
3,809,239 8,234,475 1,206,241 4,248
20. AMUUN1 bU FRUM CU51UMR5 FUR CUN1RAC1 WURK-lN-PRUGR55
Greu
2013 2012
RM RM
Construction contract costs incurred to date 12,628,732 9,424,751
Attributable protts 5,675,105 4,372,114

18,303,837 13,796,865
Less: Progress billings (18,054,450) (12,036,250)
249,387 1,760,615
Presented as:
Amount due from customers for contract work (Note 19) 249,387 1,760,615
21. bRlvA1lv5
2013 2012
RM RM
Centract, Centract,
Netlenal Netlenal
ameunt Llabllltles ameunt Llabllltles
Nen-hedglng derlvatlves:

Forward currency contracts 4,326,700 (39,047) 46,341,900 (29,418)
The Group uses forward currency contracts to manage some of the transaction exposure. These contracts are not
designated as cash tow or fair value hedges and entered into for periods consistent with currency transaction
exposure. Such derivatives do not qualify for hedge accounting.
Forward currency contracts are used to hedge the Groups sales denominated in uSD for which trm commitments
existed at the reporting date, extending to October 2013 (2012: March 2013).
During the tnancial year, the Group recognised a loss of RM9,629 (2012: loss of RM98,759) arising from fair value
changes of derivative liabilities. The fair value changes are attributable to changes in foreign exchange spot and forward
rate. The method and assumptions applied in determining the fair values of derivatives are disclosed in Note 31.
70
ANNUAL PLP0P1 2013
22. CA5R ANb BANK BALANC5
Greu Cemany
2013 2012 2013 2012
RM RM RM RM
Cash at banks and on hand 11,195,120 8,754,751 21,762 63,324
Short term deposits with lincensed banks 6,994,072 6,767,135 - -
Cash and bank balances 18,189,192 15,521,886 21,762 63,324
Cash at bank earns interest at toating rates based on daily bank deposit rates. Short term deposits are made for
varying periods of between one month and three months depending on the immediate cash requirements of the
Group and earn interests at respective short term deposit rates. The weighted average effective interest rate as at 31
March 2013 for the Group was 3.06 (2012: 3.16) per annum.
For the purpose of the statements of cash tows, cash and cash equivalents comprise the following at the reporting
date:
Greu Cemany
2013 2012 2013 2012
RM RM RM RM
Cash and short term deposits 18,189,192 15,521,886 21,762 63,324
Bank overdraft (Note 23) (3,023,598) (3,904,826) - -
Cash and cash equivalents 15,165,594 11,617,060 21,762 63,324
23. LUAN5 ANb BURRUWlNG5
Greu
2013 2012
Current Maturlty RM RM
Unsecured:
Bank overdraft (Note 22) On demand 3,023,598 3,904,826
Bank loans:
- RM loan at 4.57 p.a. txed rate 2014 - 916,650
- RM loan at 4.55 p.a. txed rate 2014 66,666 776,384
- uSD loans at LIBOR + 0.48 p.a. 2014 259,024 494,970
- uSD loans at COF + 0.75 p.a. 2014 548,254 1,572,738
- RM loan at COF + 0.50 p.a. 2014 1,522,802 1,714,218
5,420,344 9,379,786
71
23. LUAN5 ANb BURRUWlNG5 (CUN1lNUb)
Greu
2013 2012
Nen-current Maturlty RM RM
unsecured:
Bank loans:
- RM loan at 4.55 p.a. txed rate - 90,282
- uSD loans at LIBOR + 0.48 p.a. - 257,224
- uSD loans at COF + 0.75 p.a. - 573,719
- RM loan at COF + 0.50 p.a. 2017 5,372,497 246,465
5,372,497 1,167,690
Total loans and borrowings (Note 24) 10,792,841 10,547,476
The remaining maturities of the loans and borrowings as at reporting date are as follows:
Greu
2013 2012
RM RM
On demand or within one year 5,420,344 9,379,786
More than 1 year and less than 2 years 1,581,684 1,167,690
More than 2 years but less than 5 years 3,790,813 -
10,792,841 10,547,476
Bank overdraft
Bank overdraft is denominated in RM and bears interest at BLR + 0.50 p.a..
Bank loans
These bank loans are subject to a negative pledge and are secured by way of corporate guarantees by the Company.
72
ANNUAL PLP0P1 2013
24. 1RAb ANb U1RR PAABL5
Greu Cemany
2013 2012 2013 2012
RM RM RM RM
1rade ayables
Third parties 12,999,279 10,873,958 - -
Uther ayables
Third parties 3,994,312 3,013,978 - -
Accrued operating expenses 2,698,068 3,579,168 316,592 233,056
Dividend payable 1,200,000 - 1,200,000 -
Provisions 12,000 350,000 - -
7,904,380 6,943,146 1,516,592 233,056
Total trade and other payables 20,903,659 17,817,104 1,516,592 233,056
Add: Loans and borrowings (Note 23) 10,792,841 10,547,476 - -
Total tnancial liabilities carried at amortised cost 31,696,500 28,364,580 1,516,592 233,056
(a) 1rade ayables
These amounts are non-interest bearing. Trade payables are normally settled on cash term and on average 60
days (2012: 60 days) terms.
(b) Uther ayables
These amounts are non-interest bearing. Other payables are normally settled on average 60 days (2012: 60
days) terms.
25. bFRRb 1AX LlABlLl1l5
Deferred income tax as at reporting date relates to the following:
beferred tax
llabllltles beferred tax assets
Preerty, Unabserbed
lant and relnvestment
equlment allewances Uthers 1etal
RM RM RM RM
At 1 Arll 2011 10,790,815 (6,102,000) - 4,688,815
Recognised in prott or loss 69,000 421,500 (151,500) 339,000
At 31 March 2012 and 1 Arll 2012 10,859,815 (5,680,500) (151,500) 5,027,815
Recognised in prott or loss 883,041 634,000 30,500 1,547,541
At 31 March 2013 11,742,856 (5,046,500) (121,000) 6,575,356
73
26. 5RAR CAPl1AL
Greu and Cemany Greu and Cemany
Number ef erdlnary
shares ef RM1 each Ameunt
2013 2012 2013 2012
RM RM
Autherlsed
At beginning and end of the year 100,000,000 100,000,000 100,000,000 100,000,000
lssued and fully ald
At beginning and end of the year 60,000,000 60,000,000 60,000,000 60,000,000
The holders of ordinary shares are entitled to receive dividends as and when declared by the Company. All ordinary
shares carry one vote per share without restrictions and rank equally with regard to the Company residual assets.
21. RvALUA1lUN R5Rv5
The asset revaluation reserves represent increases in the fair value of freehold land and buildings, net of tax, and
decreases to the extent that such decreases relate to an increase on the same asset previously recognised in other
comprehensive income.
28. R1AlNb ARNlNG5
Prior to the year of assessment 2008, Malaysian companies adopted the full imputation system. In accordance with
the Finance Act 2007 which was gazetted on 28 December 2007, companies shall not be entitled to deduct tax on
dividend paid, credited or distributed to their shareholders, and such dividends will be exempted from tax in the
hands of the shareholders (single tier system"). However, there is a transitional period of six years, expiring on 31
December 2013, to allow companies to pay franked dividends to their shareholders under limited circumstances.
Companies also have an irrevocable option to disregard the 108 balance and opt to pay dividends under the single
tier system. The change in the tax legislation also provides for the 108 balance to be locked-in as at 31 December
2007 in accordance with Section 39 of the Finance Act 2007.
During the tnancial year, the Company elected for the irrevocable option to disregard the 108 balance and as at 31
March 2013, the Company will be able to distribute dividends out of its retained earnings as at 31 March 2013 under
the single tier system.
74
ANNUAL PLP0P1 2013
29. RLA1b PAR1 1RAN5AC1lUN5
(a) 5ale and urchase ef geeds and servlces
In addition to the related party information disclosed elsewhere in the tnancial statements, the following
signitcant transactions between the Group and related parties took place at terms agreed between the parties
during the tnancial year:
2013 2012
Greu RM RM
1ransactlen wlth a cemany ln whlch a dlrecter has lnterest:
Sales of goods to Syarikat Perniagaan Chong Mah 4,993,271 5,030,541
Cemany
1ransactlen wlth a subsldlary:
Dividend income received from Oriental Food Industries Sdn. Bhd. 7,093,515 6,684,273
(b) Cemensatlen ef key management ersennel
There is no other key management personnel other than the executive directors. The remuneration of executive
directors during the tnancial year were as disclosed in Note 9 to the tnancial statements.
30. CUMMl1MN15
Capital commitments
Capital expenditure as at the reporting date is as follows:
Greu
2013 2012
RM RM
Capital expenditure approved and contracted for:
Property, plant and equipment 347,967 8,133,820
75
31. FAlR vALU UF FlNANClAL lN51RUMN15
A. Falr value ef nanclal lnstrument that ls net carrled at falr value and whese carrylng ameunt ls net
reasenable arexlmatlen ef falr value
2013 2012
Carrylng Falr Carrylng Falr
Nete ameunt value ameunt value
RM RM RM RM

Flnanclal asset:
Equity instrument (unquoted), at cost 15 372,438 372,438
Investment in equity instrument carried at cost (Note 15)

Fair value information has not been disclosed for the Groups investment in equity instrument that is carried
at cost because fair value cannot be measured reliably. This equity instrument represent ordinary shares in a
Malaysian property development company that is not quoted on any market and does not have any comparable
industry peer that is listed. In addition, the variability in the range of reasonable fair value estimates derived from
valuation techniques is signitcant. The Group does not intend to dispose of this investment in the foreseeable
future.
B. betermlnatlen ef falr value
Financial instruments that are not carried at fair value and whose carrying amounts are reasonable approximation
of fair value
The following are classes of tnancial instruments that are not carried at fair value and whose carrying amounts
are reasonable approximation of fair value:
Nete
Trade and other receivables 18
Trade and other payables 24
Loans and borrowings 23
The carrying amounts of the trade and other receivables and payables are reasonable approximation of their
fair values due to their relatively short maturity periods.
The carrying amounts of the current portion of loans and borrowings are reasonable approximations of fair
values due to the insignitcant impact of discounting.
The carrying amounts of non-current portion of toating rate loans and borrowings are reasonable approximations
of fair values as the interest charge on these loans and borrowings are pegged to, or close to, market interest
rates near or at reporting date.
76
ANNUAL PLP0P1 2013
31. FAlR vALU UF FlNANClAL lN51RUMN15 (CUN1lNUb)
B. betermlnatlen ef falr value (centlnued)
Fair value hierarchy
The Group and the Company use the following hierarchy for determining and disclosing the fair value of tnancial
instruments by valuation technique:
Level 1: uoted (unadjusted) prices in active markets for identical assets or liabilities,

Level 2: Inputs other than quoted prices included in Level 1, that are observable for asset or liability, either
directly or indirectly, and
Level 3: Inputs for the asset or liability that are not based on observable market data (unobservable inputs).
As at reporting date, the Groups tnancial liability measured at fair value, derivatives carried at fair value
through prott or loss was classited in Level 2 of the hierarchy. There were no transfers between fair value
measurements level during the reporting years ended 31 March 2013 and 2012.
32. FlNANClAL Rl5K MANAGMN1 UBJC1lv5 ANb PULlCl5
The Group and the Company are exposed to tnancial risks arising from their operations and the use of tnancial
instruments. The key tnancial risks include credit risk, liquidity risk, interest rate risk and foreign currency risk.
The Board of Directors reviews and agrees policies and procedures for the management of these risks.
It is, and has been throughout the current and previous tnancial years, the Groups policy that no derivatives shall
be undertaken except for the use as hedging instruments where appropriate and cost-eftcient. The Group and the
Company do not apply hedge accounting and there are no outstanding hedging instruments at reporting date.
The following sections provide details regarding the Groups and the Companys exposure to the above-mentioned
tnancial risks and the objectives, policies and processes for the management of these risks.
(a) Credlt rlsk
Credit risk is the risk of loss that may arise on outstanding tnancial instruments should a counterparty default
on its obligations. The Groups and the Companys exposure to credit risk arises primarily from trade and other
receivables. For other tnancial assets (including investment security and cash and bank balances), the Group
and the Company minimises credit risk by dealing exclusively with high credit rating counterparties.
The Groups objective is to seek continual revenue growth while minimising losses incurred due to increased
credit risk exposure. The Group trades only with recognised and creditworthy third parties. It is the Groups policy
that all customers who wish to trade on credit terms are subject to credit veritcation procedures. In addition,
receivable balances are monitored on an ongoing basis. For transactions that do not occur in the country of the
relevant operating unit, the Group does not offer credit terms without the approval of the directors.
Exposure to credit risk
At the reporting date, the Groups and the Companys maximum exposure to credit risk is represented by the
carrying amount of each class of tnancial assets recognised in the statements of tnancial position.
A nominal amount of RM33 million (2012: RM33 million) relating to corporate guarantees has been provided
by the Company to banks on a subsidiarys bank loans.
Information regarding credit risk management for trade and other receivables is disclosed in Note 18(a).
77
32. FlNANClAL Rl5K MANAGMN1 UBJC1lv5 ANb PULlCl5 (CUN1lNUb)
(a) Credlt rlsk (centlnued)
Credit risk concentration protle
At the reporting date, approximately 10.1 (2012: 8.9) of the Groups gross trade receivables were due from
one (2012: one) customer totalling RM3.10 million (2012: RM2.29 million).
Financial assets that are neither past due nor impaired
Information regarding trade and other receivables that are neither past due nor impaired is disclosed in Note
18.
Financial assets that are either past due or impaired
Information regarding tnancial assets that are either past due or impaired is disclosed in Note 18.
(b) Llquldlty rlsk
Liquidity risk is the risk that the Group or the Company will encounter diftculty in meeting tnancial obligations
due to shortage of funds. The Groups and the Companys exposure to liquidity risk arises primarily from
mismatches of the maturities of tnancial assets and liabilities. The Groups and the Companys objective is to
maintain a balance between continuity of funding and texibility through the use of stand-by credit facilities.
The Group manages its debt maturity protle, operating cash tows and the availability of funding so as to ensure
that retnancing, repayment and funding needs are met. As part of its overall liquidity management, the Group
maintains suftcient levels of cash or cash convertible investments to meet its working capital requirements.
In addition, the Group strives to maintain available banking facilities at a reasonable level to its overall debt
position. As far as possible, the Group raises committed funding from tnancial institutions and balances its
portfolio with some short term funding so as to achieve overall cost effectiveness.
The Groups objective is to maintain a balance between continuity of funding and texibility through the use of
stand-by credit facilities and collection from customers.
Analysis of tnancial instruments by remaining contractual maturities
The table below summarises the maturity protle of the Groups and the Companys liabilities at the reporting
date based on contractual undiscounted repayment obligations.
Un demand
er wlthln Une te
As at 31 March 2013 ene year ve years 1etal
RM RM RM
Greu
Flnanclal llabllltles:
Trade and other payables 20,903,659 - 20,903,659
Loans and borrowings 5,661,015 5,719,851 11,380,866
1etal undlsceunted nanclal llabllltles 26,564,674 5,719,851 32,284,525
Cemany
Flnanclal llablllty:
78
ANNUAL PLP0P1 2013
(b) Llquldlty rlsk (centlnued)
Un demand
er wlthln Une te
As at 31 March 2012 ene year ve years 1etal
RM RM RM
Greu
Flnanclal llabllltles:
Loans and borrowings 9,504,755 1,174,460 10,679,215
1etal undlsceunted nanclal llabllltles 27,321,859 1,174,460 28,496,319
Cemany
Flnanclal llablllty:
Trade and other payables 233,056 - 233,056
(c) lnterest rate rlsk
Interest rate risk is the risk that the fair value or future cash tows of the Groups and the Companys tnancial
instruments will tuctuate because of changes in market interest rates.
The Groups exposure to interest rate risk arises primarily from its loans and borrowings. The Group manages
its interest rate exposure by maintaining a prudent mix of txed and toating rate borrowings and actively reviews
its debt portfolio taking into account the investment holding period and nature of its assets.
The information on maturity dates and effective interest rates of tnancial assets and liabilities are disclosed in
their respective notes.
Sensitivity analysis for interest rate risk
Based on the utilisation of toating rate loans and borrowings throughout the reporting period, if interest rates
had been 10 basis point lower (or higher), with all other variables held constant, the effect of the changes in
the interest rates to the Groups prott net of tax would be immaterial. The assumed movement in basis points
for interest rate sensitivity analysis is based on the currently observable market environment.
(d) Ferelgn currency rlsk
Foreign currency risk is the risk that the fair value or future cash tows of a tnancial instrument will tuctuate
because of changes in foreign exchange rates.
The Group has transactional exposures arising from sales that are denominated in foreign currencies. The
foreign currency in which these transactions are denominated is mainly united States Dollars (uSD").
Approximately 26 (2012: 20) of the Groups gross trade receivables is denominated in uSD.
The Group also holds cash and bank balances denominated in foreign currencies for working capital purposes.
At the reporting date, the Groups cash and bank balances denominated in uSD amounted to RM5,210,529
(2012: RM3,171,198).
79
(d) Ferelgn currency rlsk (centlnued)
Sensitivity analysis for foreign currency risk
The following table illustrates the hypothetical sensitivity of the Groups prott net of tax to a reasonably possible
change in the uSD exchange rate at the reporting date against RM, with all other variables held constant.
lncrease,(decrease) ln
Greu's ret net ef tax
2013 2012
RM RM
uSD strengthened by 3 (2012: 3) 318,373 108,225
uSD weakened by 3 (2012: 3) (318,373) (108,225)
33. CAPl1AL MANAGMN1
The primary objective of the Groups capital management is to ensure that it maintains a strong credit rating and
healthy capital ratios in order to support its business and maximise shareholder value.
The Group manages its capital structure and makes adjustments to it, in light of changes in economic conditions. To
maintain or adjust the capital structure, the Group may adjust the dividend payments to shareholders, return capital
to shareholders or issue new shares. No changes were made in the objectives, policies or processes during the years
ended 31 March 2013 and 2012.
The Group monitors capital using a gearing ratio, which is net debt divided by total capital. The Groups policy is to
keep the gearing ratio within acceptable level. The Group includes within net debt, loans and borrowings, trade and
other payables, less cash and bank balances.
Greu Cemany
2013 2012 2013 2012
RM RM RM RM
Loans and borrowings 10,792,841 10,547,476 - -
Trade and other payables 20,903,659 17,817,104 1,516,592 233,056
Less: - Cash and bank balances (18,189,192) (15,521,886) (21,762) (63,324)
Net debt 13,507,308 12,842,694 1,494,830 169,732
Equity attributable to the owners of the parent 132,804,842 124,831,280 67,232,402 67,054,255
Total capital 132,804,842 124,831,280 67,232,402 67,054,255
Caltal and net debt 146,312,150 137,673,974 68,727,232 67,223,987
Gearlng ratle 9 9 2.2 0.3
80
ANNUAL PLP0P1 2013
34. 5GMN1 lNFURMA1lUN
For management purposes, the Group is organised into business units based on their products and services, and has
three reportable operating segments as follows:
I. Manufacturing and marketing of snack food and confectioneries
II. Property development
III. Investment holding
Except as indicated above, no operating segments have been aggregated to form the above reportable operating
segments.
Management monitors the operating results of its business units separately for the purpose of making decisions
about resource allocation and performance assessment. Segment performance is evaluated based on operating
prott or loss which, in certain respects as explained in the table below, is measured differently from operating prott
or loss in the consolidated tnancial statements. Group tnancing (including tnance costs) and income taxes are
managed on a group basis and are not allocated to operating segments.
Transfer prices between operating segments are on an arms length basis in a manner similar to transactions with
third parties.
Manufacturlng
and marketlng Per
ef snack feed Adjustments censelldated
and Preerty lnvestment and nanclal
cenfectlenerles develement heldlng ellmlnatlens Netes statements
31 March 2013 RM RM RM RM RM
Revenue:
External customers 207,592,918 4,506,971 - - 212,099,889
Inter-segment - - 7,093,515 (7,093,515) A -
Total revenue 207,592,918 4,506,971 7,093,515 (7,093,515) 212,099,889
Results:
Interest income 228,871 273 - - 229,144
Depreciation of:
- Property, plant and
equipment 6,259,651 - - - 6,259,651
- Investment properties 15,783 - - - 15,783
Other non-cash expenses 230,668 - - - B 230,668
Segment prott 15,227,820 1,083,172 6,417,898 (6,417,898) C 16,310,992
Assets:
Additions to non-current
assets 16,136,839 - - - D 16,136,839
Segment assets 163,717,759 8,005,354 - - E 171,723,113
5egment llabllltles 37,685,404 625,499 - - F 38,310,903
81
34. 5GMN1 lNFURMA1lUN (CUN1lNUb)
Manufacturlng
and marketlng Per
ef snack feed Adjustments censelldated
and Preerty lnvestment and nanclal
cenfectlenerles develement heldlng ellmlnatlens Netes statements
31 March 2012 RM RM RM RM RM
Revenue:
External customers 183,092,563 12,176,906 - - 195,269,469
Inter-segment - - 6,684,273 (6,684,273) A -
Total revenue 183,092,563 12,176,906 6,684,273 (6,684,273) 195,269,469
Results:
Interest income 228,849 1,936 - - 230,785
Depreciation of:
- Property, plant and
equipment 6,152,169 - - - 6,152,169
- Investment properties 15,784 - - - 15,784
Other non-cash expenses 159,349 - - - B 159,349
Segment prott 13,182,429 3,617,229 6,169,046 (6,169,046) C 16,799,658
Assets:
Additions to non-current
assets 9,086,795 - - - D 9,086,795
Segment assets 149,013,805 10,252,281 - - E 159,266,086
5egment llabllltles 31,982,239 1,924,108 - - F 33,906,347
82
ANNUAL PLP0P1 2013
34. 5GMN1 lNFURMA1lUN (CUN1lNUb)
A Inter-segment revenues are eliminated on consolidation.
B Other material non-cash expenses consist of the following item as presented in the note to the tnancial
statements:
2013 2012
RM RM

Inventories written down 230,668 159,349
230,668 159,349
C The following items are added to/(deducted from) segment prott to arrive at Prott before tax" presented in the
consolidated statement of comprehensive income:
2013 2012
RM RM
Dividend income from inter-segment 7,093,515 6,684,273
unallocated corporate expenses (675,617) (515,227)
6,417,898 6,169,046
D Additions to non-current assets consist of property, plant and equipment.
E Inter-segment assets are deducted from segment assets to arrive at total assets reported in the consolidated
statement of tnancial position.
F Inter-segment liabilities are deducted from segment liabilities to arrive at total liabilities reported in the
consolidated statement of tnancial position.
Geographical information
Revenue information based on the geographical location of customers are as follows:
Revenues
2013 2012
RM RM
Malaysia 104,855,864 107,951,720
Asia 69,186,164 56,455,491
Middle East 12,505,225 11,546,284
Africa 1,904,830 1,634,298
Europe 758,571 1,461,846
America 17,369,863 12,771,868
Others 5,519,372 3,447,962
212,099,889 195,269,469
83
35. blvlbNb5
Greu and Cemany
2013 2012
RM RM
Recegnlsed durlng the nanclal year:
Dividends on ordinary shares:
- Final tax exempt dividend for 2012: 2 sen
(2011: 2 sen) per share 1,200,000 1,200,000
- First interim tax exempt dividend for 2013:
1 sen (2012: 2 sen) per share 600,000 1,200,000
- Second interim single tier dividend for 2013:
3 sen (2012: 2 sen) per share 1,800,000 1,200,000
- Third interim single tier dividend for 2013:
2 sen (2012: 2 sen) per share 1,200,000 1,200,000
4,800,000 4,800,000
Preesed but net recegnlsed as a llablllty
as at 31 March:

Dividends on ordinary shares, subject to
shareholders approval at the AGM:
- Final single tier dividend for 2013: 2 sen
( 2012: 2 sen) per share 1,200,000 1,200,000
At the forthcoming Annual General Meeting, a tnal single tier dividend in respect of the tnancial year ended 31
March 2013, of 2 on 60,000,000 ordinary shares, amounting to a dividend payable of RM1,200,000 (2 sen per
share) will be proposed for shareholders approval. The tnancial statements for the current tnancial year do not
retect this proposed dividend. Such dividend, if approved by the shareholders, will be accounted for in equity as an
appropriation of retained earnings in the tnancial year ending 31 March 2014.
31. AU1RURl5A1lUN UF FlNANClAL 51A1MN15 FUR l55U
The tnancial statements for the year ended 31 March 2013 were authorised for issue in accordance with a resolution
of the directors on 2 July 2013.
84
ANNUAL PLP0P1 2013
38. 5UPPLMN1AR lNFURMA1lUN - BRAKbUWN UF RALl5b ANb UNRALl5b R1AlNb ARNlNG5
The breakdown of the retained earnings of the Group and of the Company as at 31 March 2013 into realised and
unrealised earnings is presented in accordance with the directive issued by Bursa Malaysia Securities Berhad dated
25 March 2010 and prepared in accordance with Guidance on Special Matter No. 1, Determination of Realised
and unrealised Protts or Losses in the Context of Disclosure Pursuant to Bursa Malaysia Securities Berhad Listing
Requirements, as issued by the Malaysian Institute of Accountants.
Greu Cemany
2013 2012 2013 2012
RM RM RM RM
Total retained earnings of the
Company and its subsidiaries:
- Realised 99,348,641 89,265,300 1,701,408 1,523,261
- unrealised (6,379,768) (4,348,898) - -
92,968,873 84,916,402 1,701,408 1,523,261
Less: Consolidated adjustments (30,123,647) (30,044,738) - -
Retained earnings as per
tnancial statements 62,845,226 54,871,664 1,701,408 1,523,261
85
Authorised Share Capital : RM100,000,000
Issued and Fully Paid-up : RM60,000,000
Class of Shares : Ordinary Shares of RM1.00 each
Voting Rights : One (1) Vote Per Ordinary Share
0strbuton of 5hareho|ders
Ne. ef Ne. ef
5lze ef 5hareheldlngs 5harehelders 5hares
Less than 100 23 2.1556 840 0.0014
100 - 1,000 150 14.0581 110,660 0.1844
1,001 - 10,000 689 64.5736 2,712,750 4.5213
10,001 - 100,000 160 14.9953 4,559,903 7.5998
100,001 - less than 5 of issued shares 43 4.0300 26,077,417 43.4624
5 and above of issued shares 2 0.1874 26,538,430 44.2307
1,061 100.0000 60,000,000 100.0000
Llst ef 1hlrty Largest 5harehelders
1etal Ne. ef
Ne. Name ef 5harehelders 5hares Reld
1 Datuk Son Chen Chuan 18,107,383 30.1790
2 Syarikat Perniagaan Chong Mah Sdn. Bhd. 8,431,047 14.0517
3 Thung Shung (M) Sdn Bhd 2,889,177 4.8153
4 Hoo Beng Lee 2,333,821 3.8897
5 DB (Malaysia) Nominee (Asing) Sdn. Bhd.
Exempt an for British and Malayan Trustees Limited (Yeoman 3-Rights) 1,768,500 2.9475
6 Summer Legend Sdn. Bhd. 1,727,300 2.8788
7 HSBC Nominees (Asing) Sdn. Bhd.
Exempt an for BNP Paribas Prime Brokerage, Inc. 1,291,900 2.1532
8 Son Tong Eng 1,230,124 2.0502
9 Chen Kwok Ming 1,159,762 1.9329
10 Lim Siew Guat 913,700 1.5228
11 Cimsec Nominees (Tempatan) Sdn. Bhd.
CIMB Bank for Son Tong Leong (MY1225) 900,000 1.5000
12 Lee Siew Geok 858,521 1.4309
13 Lim wei Hong 769,000 1.2817
14 Lim Keat Sear 733,753 1.2229
15 Aftn Nominees (Tempatan) Sdn. Bhd.
Pledged Securities Account for Tan Sew Hoey (Tan Siew Hoey) (TAN6986M) 638,000 1.0633
16 Lee Tack Ann 615,000 1.0250
ANALY5I5 0F 5RAPER0LDIN5
as at 28 June 2013
86
ANNUAL PLP0P1 2013
Llst ef 1hlrty Largest 5harehelders (centlnued)
1etal Ne. ef
Ne. Name ef 5harehelders 5hares Reld
17 Tan Jin Tuan 559,000 0.9317
18 Summer Legend Sdn. Bhd. 530,800 0.8847
19 Chew Tee Yong 428,900 0.7148
20 Ong Chin Chien 417,200 0.6953
21 JF Apex Nominees (Tempatan) Sdn. Bhd.
Pledged Securities Account for Teo Kwee Hock (Margin) 413,500 0.6892
22 Public Nominees (Tempatan) Sdn. Bhd.
Pledged Securities Account For wong Yee Hui (KLC-KEN) 412,100 0.6868
23 Son Mei Chin 404,800 0.6747
24 Son Kee Geok 397,224 0.6620
25 Son Chew Pheng 368,200 0.6137
26 Tan Song Cheng 360,500 0.6008
27 Malacca Equity Nominees (Tempatan) Sdn. Bhd.
Pledged Securities Account for Son Tong Leong 326,000 0.5433
28 Cartaban Nominees (Asing) Sdn. Bhd.
RBC Investor Services Bank for Sextant Autour Du Monde 309,800 0.5163
29 Malacca Equity Nominees (Tempatan) Sdn. Bhd.
Pledged Securities Account for Hoo Beng Lee 300,000 0.5000
30 Apendo Capital Sdn. Bhd. 277,500 0.4625
5ubstantlal 5harehelders
Name blrect lndlrect
Ne. ef 5hares Ne. ef 5hares
Datuk Son Chen Chuan 18,107,383 30.18 8,876,444
(1)
14.79
Hoo Beng Lee 2,633,821 4.39 24,350,006
(2)
40.58
Lim Keat Sear 733,753 1.22 11,798,624
(3)
19.66
Son Tong Leong 1,306,175 2.18 25,677,652
(4)
42.79
Son Tong Eng 1,230,124 2.05 23,495,603
(5)
39.16
Son Kee Geok 397,224 0.66 24,050,503
(6)
40.08
Son Chew Pheng 368,200 0.61 24,079,527
(6)
40.13
Son Mei Chin 404,800 0.67 24,042,927
(6)
40.07
Lim Keit Sen 200,400 0.33 9,164,800
(7)
15.27
Lim Siew Guat 913,700 1.52 11,320,224
(8)
18.87
Syarikat Perniagaan Chong Mah Sdn. Bhd. 8,431,047 14.05 2,462,853
(9)
4.10
Thung Shung (M) Sdn. Bhd. 2,889,177 4.82 3,120,974
(10)
5.20
Lee Siew Geok 858,521 1.43 3,504,177
(11)
5.84
Lee Tack Ann 615,000 1.03 12,456,745
(12)
20.76
Apendo Capital Sdn. Bhd. 278,000 0.46 24,626,256
(13)
41.04
Summer Legend Sdn. Bhd. 2,258,100 3.76 22,047,379
(14)
36.75
as at 28 June 2013
87
Netes:
(1)
Deemed interested by virtue of his directorship in Summer Legend Sdn. Bhd., substantial shareholdings in Apendo
Capital Sdn. Bhd. and shares held by his brother and children.
(2)
Capital Sdn. Bhd. and shares held by his brother, nephews and nieces.
(3)
Deemed interested by virtue of his controlling shareholdings in Syarikat Perniagaan Chong Mah Sdn. Bhd., Thung
Shung (M) Sdn. Bhd., Apendo Capital Sdn. Bhd. and shares held by his brother, Mr. Lim Keit Sen.
(4)
Capital Sdn. Bh.d and shares held by his father, uncle, brother and sisters.
(5)
Deemed interested by virtue of his substantial shareholdings in Apendo Capital Sdn. Bhd. and shares held by his
father, uncle, brother and sisters.
(6)
Deemed interested by virtue of shares held by her family members.
(7)
Deemed interested by virtue of his substantial shareholdings in Syarikat Perniagaan Chong Mah Sdn. Bhd. and
shares held by his brother, Mr. Lim Keat Sear.
(8)
Deemed interested by virtue of her substantial shareholding in Syarikat Perniagaan Chong Mah Sdn. Bhd. and Thung
Shung (M) Sdn. Bhd.
(9)
Deemed interested by virtue of Mr. Lim Keat Sear, Mr. Lee Tack Ann, Mr. Lim Keit Sen and Ms. Lim Siew Guats
shareholdings in OFIH.
(10)
Deemed interested by virtue of Mr. Lim Keat Sear, Mr. Lee Tack Ann, Ms. Lim Siew Guat and Ms. Lee Siew Geoks
shareholdings in OFIH.
(11)
Deemed interested by virtue of his controlling shareholdings in Thung Shung (M) Sdn. Bhd. and shares held by her
brother, Mr. Lee Tack Ann in OFIH.
(12)
Deemed interested by virtue of her controlling shareholdings in Syarikat Perniagaan Chong Mah Sdn. Bhd., Thung
Shung (M) Sdn. Bhd., Apendo Capital Sdn. Bhd. and shares held by his sister, Ms. Lee Siew Geok in OFIH.
(13)
Deemed interested by virtue of Datuk Son Chen Chuan, Mr. Hoo Beng Lee, Mr. Son Tong Leong, Mr. Son Tong Eng,
Mr. Lim Keat Sear and Mr. Lee Tack Anns shareholdings in OFIH.
(14)
Deemed interested by virtue of Datuk Son Chen Chuan, Mr. Hoo Beng Lee and Mr. Son Tong Leongs shareholdings
in OFIH.
Analysls ef 5hareheldlngs as at 28 June 2013
blrecters 5hareheldlngs
Name blrect lndlrect
Ne. ef 5hares Ne. ef 5hares
Y Bhg.Tan Sri Dato Azizan Bin Husain - - - -
Datuk Son Chen Chuan 18,107,383 30.18 8,876,444
(1)
14.79
Hoo Beng Lee 2,633,821 4.39 24,350,006
(2)
40.58
Lim Keat Sear 733,753 1.22 11,798,624
(3)
19.66
Son Tong Leong 1,306,175 2.18 25,677,652
(4)
42.79
Son Tong Eng 1,230,124 2.05 23,495,603
(5)
39.16
Lim Hwa Yu - - - -
Datuk Jeffery Ong Cheng Lock - - - -
Netes:
(1)
Capital Sdn. Bhd. and shares held by his brother and children.
(2)
Capital Sdn. Bhd .and shares held by his brother, nephews and nieces.
(3)
Deemed interested by virtue of his controlling shareholdings in Syarikat Perniagaan Chong Mah Sdn. Bhd. and Thung
Shung (M) Sdn. Bhd., Apendo Capital Sdn. Bhd. and shares held by his brother, Mr Lim Keit Sen,
(4)
Capital Sdn. Bhd. and shares held by his father, uncle, brother and sisters.
(5)
Deemed interested by virtue of his substantial shareholdings in Apendo Capital Sdn. Bhd. and shares held by his
father, uncle, brother and sisters.
as at 28 June 2013
88
ANNUAL PLP0P1 2013
No.
1
2
3
4
5
6
7
8
0escrpton, Lxstng Use,
Age of u|dng and u|t Up Area
Factory complex, warehouse and
oftce block with a total built up
area of approximately 26,848
square metres. The age of the
buildings range from 1 to 14
years
(1)
Factory complex with a total
built up area of approximately
5,088.60 square metres. The age
of the building range from 14 to
15 years
Factory complex with a built up
area of approximately 4,153.2
buildings are approximately 24
years
2 units of semi detached factory
buildings with a total built up area
of approximately 1,587 square
metres. The age of the buildings
are approximately 36 years
Vacant Industrial Land
2 units of 3-Storey Shop Oftce
with a total built up area of
approximately 662.21 square
metres. The age of the buildings
are approximately 16 years
Vacant Land
(2)
Vacant Land
(3)
Locaton
No. 65, Jalan usaha 7,
Ayer Keroh Industrial
Estate, 75450 Melaka
Plot No. 96A & 96B,
Jalan usaha 7, Ayer
Keroh Industrial Estate,
75450 Melaka
No. 127-C, Jalan usaha
9, Ayer Keroh Industrial
Estate, 75450 Melaka
No. 85 & 86, Ayer Keroh
Industrial Estate, 75450
Melaka.
Lot No. 7521 (Plot 5),
Ayer Keroh Industrial
Estate, Phase 4, 75450
Melaka.
No. 7, 7A & 7B and No.
9. 9A & 9B, Jalan Melaka
Raya 11, Taman Melaka
Raya, 75000 Melaka.
Lot No. 6148, Mukim
Bukit Katil, Daerah
Melaka Tengah, Negeri
Melaka.
Lot No. 6096, Mukim
Bukit Katil, Daerah
Melaka Tengah, Negeri
Melaka.
Land Area
5quare
Metres)
40,660
9,519
7,564
4,140
19,066
286
1,077
2,157
1enure
Leasehold
(99 years)
expiring on
30 May 2072
Leasehold
(99 years)
expiring on
2 September
2078 & 13
January 2080
respectively
Leasehold
(99 years)
expiring
4 May 2082
Leasehold
(99 years)
expiring
30 May 2072
Leasehold
(99 years)
expiring
24 May 2072
Leasehold
(99 years)
expiring
7 July 2093
Freehold
Freehold
0ate of
Acquston
24 Aug 2000
25 Nov 1993
12 Nov 1990

9 Sept 1998
8 Sept 1986
(No. 85)
1980
(No. 86)
10 Aug 1991
19 Oct 1992
(No. 7, 7A & 7B)
21 Oct 1992
(No. 9, 9A & 9B)
4 Dec 1999
4 Dec 1999
Net ook
va|ue as at
31.03.2013
(PM)
17,440,454
3,787,122
2,407,654
1,267,830
2,504,898
511,403
173,895
238,576

LI5T 0F PP0PEPTIE5
89
No.
9
10
0escrpton, Lxstng Use,
Age of u|dng and u|t Up Area
Semi detached factory with a built
up area of approximately 478
building is approximately
7 years
(4)
Property Development - 33 units
of 3 storey shopoftce at Taman
Ayer Keroh Height, Melaka.
(5)
Locaton
No. 20, Jalan TPP 1/1A,
Taman Industri Puchong,
Batu 12, Jalan Puchong,
47100 Puchong,
Selangor
No. PT 21067 to
PT21101, Mukim Bukit
Katil, Daerah Melaka
Tengah Melaka
(5A)
Land Area
(5quare
Metres)
1,407
21,020
1enure
Freehold
Leasehold
(99 years)
expiring 15
February 2111
0ate of
Acquston
10 Jul 2002
3 Apr 2006
Net ook
va|ue as at
31.03.2013
(PM)

1,410,830
4,510,831
Notes:
(1)
The acquisition of this property was completed on 15 January 2001.
(2)
The acquisition of this property was completed on 6 December 2000.
(3)
The acquisition of this property was completed on 19 October 2000.
(4)
The acquisition of this property was completed on 6 September 2004.
(5)
The acquisition of this property was completed on 10 October 2006.
(5A)
The separate individual title for 33 units of shopoftce under commercial category of land use and TNB substation
with tenure of 99 years expiring 15 February 2111 have been issued and registered on 16 February 2012.
All the above properties (except for properties nos. 6, 7, 8 and 10) were revalued by Messrs C. H. williams Talhar &
wong in February 2009.
LI5T 0F PP0PEPTIE5
90
ANNUAL PLP0P1 2013
1. 5hare uyback
The Company did not make any share buyback during the tnancial year.
2. Amercan 0epostory Pecept ("A0P") or U|oba| 0epostory Pecept ("U0P") Programmes
During the tnancial year, the Company did not sponsor any ADR or GDR programmes.
3. Imposton of 5anctons and/or Pena|tes
During the tnancial year, there were no material sanctions and/or penalties imposed on the Company and its
subsidiaries, Directors or Management by the relevant regulatory bodies.
4. Non-audt Iees
The amount of non-audit fees paid to the external auditors by the Group for the tnancial year ended 31 March 2013
amounted to RM5,000.00.
5. varaton n Pesu|ts for the Inanca| Year
There was no deviation of ten percent (10) or more between the prott after tax and minority interest stated in the
announced unaudited results and the audited tnancial statements accounts of the Group for the tnancial year ended
31 March 2013.
6. Prot Uuarantees
During the tnancial year, there was no prott guarantees given by the Company.
7. Matera| Uontracts
OFIH and its subsidiary companies have not entered into any contract which are or may be material during the two (2)
years preceding the date of this Annual Report.
8. 0ptons, Warrants or Uonvertb|e 5ecurtes
No options, warrants or convertible securities were exercised by the Company in the tnancial year.
9. Peva|uaton of Landed Propertes
The Group has adopted the policy of regular revaluation on the Groups landed properties. The details of the
revaluation are stated in Note 2.8 and 12 of the tnancial statements.
10. Pecurrent Pe|ated Partes 1ransactons
Pursuant to a Shareholders Mandate obtained on 28 August 2012, the Company and its subsidiaries have carried
out recurrent related party transactions with Syarikat Perniagaan Chong Mah Sdn. Bhd. for distribution and wholesales
of snack food and confectioneries products for a total value of RM4,678,933 from the effective date of Shareholders
Mandate until the date of this Annual Report.
The Company is seeking a renewal of the Shareholders Mandate for the Company and/or its subsidiaries to enter
into a Recurrent Related Party Transactions with Related Parties under the Special Business in the forthcoming AGM.
0TREP INF0PHATI0N
FORM OF PROXY
ORIENTAL FOOD INDUSTRIES HOLDINGS BERHAD
(Company No : 389769-M)
(Incorporated in Malaysia)
I/We
(Full Name in Capital Letters)
of
(Full address)
being a Member/Members of ORIENTAL FOOD INDUSTRIES HOLDINGS BERHAD hereby appoint * the Chairman of the meeting or
of
or failing him/her of
of
No. of ordinary shares held
CDS Account No.
Notes :
First name Proxy %
Second name Proxy %
100%
In case of a vote taken by a show of hands, the First Proxy shall vote on *my/our behalf. *Strike out whichever is not desired.
As witness my hand day of 2013.
Signature
Ordinary Business For Against
Resolution 1

Special Business

To receive and adopt the statutory fnancial statements for the fnancial year ended
31 March 2013 together with the Directors and Auditors Reports thereon.
Resolution 2 To approve the payment of single tier fnal dividend of RM0.02 per share for the
fnancial year ended 31 March 2013.
Resolution 3 To approve the payment of Directors Fees of RM280,000 for the fnancial year ended
31 March 2013.
Resolution 4 To re-elect Mr. Lim Hwa Yu who retires in accordance with Article 75 of the
Companys Articles of Association.
Resolution 5 To re-elect Mr. Son Tong Eng who retires in accordance with Article 75 of the
Companys Articles of Association.
Resolution 6 To re-elect Datuk Jeffery Ong Cheng Lock who retires in accordance with Article 75
of the Companys Articles of Association.
Resolution 7 To re- appoint Messrs Ernst & Young as Auditors of the Company and to authorise
the Directors to determine their remuneration.
Resolution 8 ORDINARY RESOLUTION I
To approve continuation of Y Bhg Tan Sri Dato Azizan Bin Husain as an Independent
Non-Executive Director of the Company.
Resolution 9 ORDINARY RESOLUTION II
To authorise the Directors to issue shares pursuant to Section 132D of the
Companies Act, 1965
Resolution 10 ORDINARY RESOLUTION III
To approve the Proposed Renewal of Shareholders Mandate for Recurrent Related
Party Transactions of a revenue or trading nature with Syarikat Perniagaan Chong
Mah Sdn Bhd.
1. In regard of deposited securities, only members whose names appear in the
Record of Depositors as at 16 August 2013 (General Meeting Record of
Depositors) shall be eligible to attend and vote at the Meeting.
2. A member entitled to attend and vote at the above meeting is entitled to
appoint a proxy to attend and vote in his/her stead. A proxy may but need not
be a member of the Company. Section 149(1)(b) of the Companies Act, 1965
shall not apply to the Company.
3. A member may appoint more than two (2) proxies to attend at the same
meeting. Where a member appoints two (2) or more proxies, the proxies shall
not be valid unless the member specifes the proportion of his shareholdings
to be represented by each proxy.
4. Where a member of the Company is an exempt authorised nominee which
holds ordinary shares in the Company for multiple benefcial owners in one
securities account (omnibus account), there is no limit to the number of
proxies which the exempt authorised nominee may appoint in respect of each
omnibus account it holds.
5. The instrument appointing a proxy in the case of an individual shall be signed
by the appointor or his attorney and in the case of corporation the instrument
appointing a proxy or proxies must be under seal or under the hand of an
offcer or attorney duly authorised.
6. The instrument appointing proxy shall be deemed to confer authority to
demand or join in demanding a poll.
7. The instrument appointing a proxy must be deposited at the Registered Offce
at Level 8, Symphony House, Block D13, Pusat Dagangan Dana 1, Jalan PJU
1A/46, 47301 Petaling Jaya, Selangor Darul Ehsan at least forty-eight (48)
hours before the time appointed for holding the meeting or any adjournment
thereof.
8. Proxy appointed to attend and vote at a meeting of the Company shall have
the same rights as the member to speak at the meeting. There shall be no
restriction as to the qualifcation of the proxy.
as * my/our proxy/proxies to attend and vote for *me/us and on *my/our behalf at the 17th Annual General Meeting of the Company,
to be held at Tiara Banquet Hall, Tiara Melaka Golf and Country Club, Jalan Gapam, Bukit Katil, 75760 Melaka on Wednesday,
28 August 2013 at 2.30 p.m..and, at every adjournment thereof to vote as indicated below:
(Please indicate with an X in the space provided above on how you wish your vote to be cast. If you do not do so, the proxy will vote
or abstain from voting at this discretion.)
The proportion of my holdings to be represented by my *proxy/proxies are as follows:-
AFFIX
STAMP
HERE
THE COMPANY SECRETARY
ORIENTAL FOOD INDUSTRIES HOLDINGS BERHAD
(Company No : 389769-M)
Level 8 Symphony House
Block D13 Pusat Dagangan Dana 1
Jalan PJU1A/46
47301 Petaling Jaya
Selangor Darul Ehsan
Malaysia
Fold this for sealing
Fold this for sealing
Level 8 Symphony House,
Block D13 Pusat Dagangan Dana 1,
J alan PJ U1A/46,
47301 Petaling J aya,
Selangor Darul Ehsan.
Tel : +603 7841 8000
Fax : +603 7841 8199
>www.ofih.com.my >www.jacker.com.my

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