Proton Annual Report 2000

Perusahaan Otomobil
Nasional Berhad
(Company No: 100995-U)
Laporan Tahunan
Annual Report
2000
Semangat Pencapaian • Spirit of Achievement

Perusahaan Otomobil
Nasional Berhad
(Company No: 100995-U)
In conjunction with PROTON’s historic achievement in producing the first ever CORPORATE MISSION
Malaysian designed car, PROTON simultaneously changed its corporate logo.
To become a successful Malaysian automotive
Previously three different logos were used in the domestic, European and manufacturer globally by being customer oriented and
producing competitively priced and innovative products.
general export markets. The new logo will singularly represent the PROTON
In conducting our business, we are guided by our
brand in all domestic and international markets. As a visual symbol for the Five core Commitments
company’s new positioning, the PROTON “Mark of Pride” was created. A shield TO OUR CUSTOMERS
We strive to deliver total customer satisfaction through the provision of
shaped badge featuring the PROTON brand name and a tiger head, to potray quality automobiles and related products and services more efficiently
and effectively than our competitors.
the power of a single idea; Spirit of Achievement.
TO OUR SHAREHOLDERS
We strive to generate good earnings with steady growth through the
efficient management of resources.
The diamond shape, derived from PROTON’s very first topmark, and the colour
TO OUR EMPLOYEES
scheme maintain a sense of continuity with the past and are symbolic of the We are committed to promote a conducive working environment while
focusing on human resource development and long-term employment.
Company’s pride in its achievements. The tiger head is a reference to the two
TO OUR BUSINESS ASSOCIATES
tigers displayed on Malaysia’s coat of arms and conveys our national heritage. We strive to develop and maintain
mutually-beneficial, value-added relationship
It is a reference to our origins and it clearly communicates PROTON as a of the highest degree.
TO OUR NATION
national project proudly brought to the world by Malaysia.
We shall be a responsible corporate citizen and shall be the impetus
towards the realisation of Vision 2000.
Sempena pencapaian PROTON yang bersejarah dalam mengeluarkan kereta yang
pertama kali direkabentuk di Malaysia, PROTON juga telah menukar logo
korporatnya. Sebelum ini tiga logo yang berlainan telah digunakan dalam
MISI KORPORAT
pasaran-pasaran domestik, Eropah dan eksport am. Logo baru ini akan menjadi
Untuk menjadi pengeluar otomotif Malaysia yang berjaya
jenama PROTON yang seragam dalam semua pasaran-pasaran domestik dan
di peringkat global dan berorientasikan pelanggan serta
antarabangsa. “Lambang Kebanggaan” PROTON ini telah direka sebagai simbol produk yang inovatif pada harga yang kompetitif.
visual kedudukan baru syarikat. Lencana berbentuk perisai ini memaparkan Piagam Komitmen PROTON
jenama PROTON bersama kepala seekor harimau, bagi melambangkan KEPADA PARA PELANGGAN KAMI
Kami berusaha untuk memastikan kepuasan pelanggan sepenuhnya dengan
kekuasaan idea tunggal, iaitu Semangat Pencapaian. menyediakan kereta yang berkualiti, serta produk dan perkhidmatan
berkaitan dengan lebih cekap dan berkesan daripada pesaing kami.
KEPADA PARA PEMEGANG SAHAM

Bentuk berlian, daripada lambang utama PROTON yang asal, dan skim warnanya Kami berusaha menghasilkan pulangan yang baik dan pertumbuhan
yang mantap melalui pengurusan sumber yang cekap.
mengekalkan kesinambungan dengan masa silam dan simbol kebanggaan
KEPADA PARA PEKERJA KAMI
Syarikat dalam kejayaan-kejayaannya. Kepala harimau adalah sebahagian Kami bertanggungjawab untuk mewujudkan persekitaran kerja yang
memberangsangkan dan menitikberatkan pembangunan sumber
manusia dan perkerjaan jangka panjang.
daripada dua harimau yang terpapar pada Jata Malaysia dan melambangkan
KEPADA RAKAN NIAGA KAMI
warisan negara kita. Ia merujuk kepada asal usul kita dan ia jelas mempamerkan
Kami berusaha untuk memaju dan mengekalkan kerjasama bermanfaat
ke tahap yang terbaik.
PROTON sebagai projek nasional yang diusahakan untuk dunia dengan
KEPADA NEGARA KAMI
bangganya oleh Malaysia. Kami akan menjadi warga korporat yang bertanggungjawab dan
bergerak ke arah mencapai Wawasan 2020.
C o n t e n t s
DRB-HICOM Group Mission Statement Management Committee 18
Five Years Financial Highlights 2 Chairman’s Statement 20
Notice Of Annual General Meeting 6 Corporate Diary 1999/2000 32
Corporate Structure 10 Shareholdings Statistics 35
Corporate Information 12 Properties Owned By PROTON Group 36
Audit Committee Charter 15 Financial Statements 42
Organisation Chart 17 Form of Proxy
DRB-HICOM
DIVERSIFIED INDUSTRIAL GLOBAL
TAKING ADVANTAGE OF CURRENT GLOBAL BUSINESS POTENTIAL, THE GROUP IS PROACTIVELY ENERGISING THE INTERACTIVE DEVELOPMENT
OF SINGLE-MINDED BUSINESS STRATEGIES. THIS WILL ENABLE THE GROUP TO STEER HIGH GROWTH ENTERPRISES, ANTICIPATE MARKET
OPPORTUNITIES AND MAXIMISE PROFIT MARGINS AND SHAREHOLDER EARNINGS IN EACH OF ITS CORE BUSINESS SECTORS.
The DRB-HICOM Group is a advantages crucial to domestic and • Services

diversified, industrial and global international growth. – Airline Services
conglomerate committed to play – Airport Services
a part in Malaysia’s ongoing Core business interests of the
– Communications
industrial transformation. Born of a Group:-
– Engineering
corporate merger synergising the
• Automotive Manufacture & – Information Technology
respective industrial strengths of
Distribution
Diversified Resources Berhad, – Leisure
Gadek (Malaysia) Berhad and • Financial Services – Transportation
HICOM Holdings Berhad, the – Vehicle Inspection
• Property Development &
Group is now working to
Construction – Waste Management
consolidate the core competitive
K a n d u n g a n 1
Penyata Misi Kumpulan DRB-HICOM 1 Jawatankuasa Pengurusan 18
Maklumat Kewangan Untuk Lima Tahun 4 Perutusan Pengerusi 20
Notis Mesyuarat Agung Tahunan 8 Diari Korporat 1999/2000 32
Struktur Korporat 10 Statistik Pemegang Saham 35
Maklumat Korporat 12 Harta Milik Kumpulan PROTON 36
Piagam Jawatankuasa Audit 16 Penyata Kewangan 82
Carta Organisasi 17 Borang Proksi
KEPELBAGAIAN PERINDUSTRIAN GLOBAL
KUMPULAN DRB-HICOM SEDANG GIAT MENGGEMBLENG PEMBANGUNAN INTERAKTIF DALAM STRATEGI-STRATEGI PERNIAGAANNYA YANG
MEMPUNYAI SATU TUJUAN DENGAN MENGAMBIL KESEMPATAN DARI POTENSI PERNIAGAAN GLOBAL YANG SEDANG WUJUD KINI. INI AKAN
MEMBOLEHKAN KUMPULAN MENGEMUDI PERUSAHAAN-PERUSAHAAN YANG MEMPUNYAI KADAR PERTUMBUHAN YANG TINGGI, MENJANGKA
PELUANG-PELUANG PASARAN YANG MUNCUL DAN MEMAKSIMUMKAN MARGIN KEUNTUNGAN DAN PENDAPATAN PEMEGANG SAHAM DALAM
SETIAP SEKTOR PERNIAGAAN TERASNYA.
Kumpulan DRB-HICOM merupakan berusaha meningkatkan unsur- • Sektor Perkhidmatan

sebuah konglomerat perindustrian unsur daya penyaing yang – Perkhidmatan Penerbangan
global yang mempunyai pelbagai memainkan peranan penting – Perkhidmatan Penyenggaraan
kegiatan dan beriltizam mewarnai terhadap pertumbuhan antarabangsa. Lapangan Terbang
perubahan-perubahan yang sedang
– Komunikasi
dialami dalam sektor perindustrian Perniagaan utama Kumpulan:-
– Kejuruteraan
Malaysia. Tertubuh hasil daripada
• Pengeluaran dan Pengedaran – Teknologi Maklumat
penyatuan korporat yang
Automotif
mencerminkan kekukuhan Diversified – Riadah
Resources Berhad, Gadek (Malaysia) • Perkhidmatan Kewangan – Pengangkutan
Berhad dan HICOM Holdings Berhad, – Pemeriksaan Kenderaan
• Pembangunan Hartanah &
Kumpulan DRB-HICOM kini sedang
Pembinaan – Pengurusan Sisa Pepejal
PERUSAHAAN OTOMOBIL NASIONAL BERHAD

2 FIVE YEARS FINANCIAL HIGHLIGHTS
BALANCE SHEET as at 31 March

(RM Million)
Group Company
2000 1999 1998 1997 1996 2000 1999 1998 1997 1996
Current Assets
Stocks 660.8 713.1 1,167.8 618.2 600.8 303.1 348.6 472.4 357.8 509.9
Debtors 871.2 742.5 850.8 963.3 717.6 708.0 963.4 1,127.7 996.5 865.7
Short Term Investments 160.2 147.2 162.1 31.8 22.3 160.2 147.2 162.1 31.8 22.3
Bank Balances and
Short Term Deposits 1,473.5 1,566.4 1,462.9 1,458.2 639.3 1,416.0 1,490.5 1,415.6 1,423.9 614.8
3,165.7 3,169.2 3,643.6 3,071.5 1,980.0 2,587.3 2,949.7 3,177.8 2,810.0 2,012.7
Current Liabilities
Creditors 2,034.9 1,825.9 1,817.9 1,361.7 926.3 1,145.8 1,371.0 1,226.5 1,025.1 889.6
Taxation 146.3 432.5 613.2 400.8 168.5 136.4 423.1 597.5 384.7 162.5
Dividend 16.3 38.0 38.6 74.6 65.3 16.3 38.0 38.6 74.6 65.3
2,197.5 2,296.4 2,469.7 1,837.1 1,160.1 1,298.5 1,832.1 1,862.6 1,484.4 1,117.4
Net Current Assets/(Liabilities) 968.2 872.8 1,173.9 1,234.4 819.9 1,288.8 1,117.6 1,315.2 1,325.6 895.3
Fixed Assets 2,124.5 2,122.2 1,957.7 1,482.4 1,282.5 1,754.6 1,833.3 1,665.5 1,311.7 1,203.9
Expenditure Carried Forward – – – 14.6 28.9 – – – 14.6 28.9
Interest in Subsidiary Companies – – – – – 407.1 407.0 328.4 289.8 65.9
Interest in Associated Companies 187.9 158.7 123.4 102.2 49.4 37.8 42.0 42.9 48.0 33.7
Interest in Joint Venture Companies 0.6 – – – – – – – – –
Long Term Investments 1.3 2.2 0.9 0.9 0.9 0.6 1.4 0.9 0.9 0.9
Long Term Liabilities (368.4) (328.4) (346.9) (357.4) (369.9) (307.5) (324.0) (339.9) (355.1) (369.7)
Minority Interest (57.4) (50.4) (43.1) (25.4) (13.1) – – – – –
Deferred Taxation (84.6) (44.8) (44.7) (45.6) (45.3) (84.1) (44.7) (44.7) (44.7) (44.7)
2,772.1 2,732.3 2,821.2 2,406.1 1,753.3 3,097.3 3,032.6 2,968.3 2,590.8 1,814.2
Shareholders’ Funds
Share Capital 542.7 542.7 542.7 542.3 520.8 542.7 542.7 542.7 542.3 520.8
Reserves 124.9 128.6 246.4 207.0 206.4 429.4 429.3 429.3 426.5 264.3
Retained Profits 2,104.5 2,061.0 2,032.1 1,656.8 1,026.1 2,125.2 2,060.6 1,996.3 1,622.0 1,029.1
2,772.1 2,732.3 2,821.2 2,406.1 1,753.3 3,097.3 3,032.6 2,968.3 2,590.8 1,814.2
3
PROFIT & LOSS for year ended 31 March

(RM Million)
Group Company
2000 1999 1998 1997 1996 2000 1999 1998 1997 1996
Turnover 6,496.7 4,075.0 6,788.5 6,222.2 5,166.7 5,399.6 3,039.3 6,041.7 5,945.5 4,955.7
Profit Before Taxation 141.3 99.0 724.6 1,029.1 454.6 127.1 102.3 677.6 952.8 435.6
Profit After Taxation 79.6 94.8 459.5 749.5 358.7 91.7 102.3 439.5 703.8 350.7
Profit Attributable To Shareholders 2,131.6 2,099.0 2,097.3 1,767.6 1,123.1 2,152.3 2,098.6 2,061.5 1,732.8 1,126.1
Dividend 27.1 38.0 65.2 110.8 97.0 27.1 38.0 65.2 110.8 97.0
Retained Profit Carried Forward 2,104.5 2,061.0 2,032.1 1,656.8 1,026.1 2,125.2 2,060.6 1,996.3 1,622.0 1,029.1
Turnover
Perolehan
(RM Million / RM Juta)
6,496.7
6,788.5
7,800
6,222.2
6,041.7
5,399.6
5,945.5
6,500
Profit Before Taxation
5,166.7
Keuntungan Sebelum Cukai

4,955.7
4,075.0

5,200
3,039.3
1,029.1
1,200
952.8
3,900
1,000
724.6
2,600
677.6
800
1,300
2000
454.6
600
1999
435.6
1998
0 1997
1996
141.3
127.1
400
Company / Syarikat
102.3
99.0
Group / Kumpulan 200
2000
1999
1998
0 1997
1996
Company / Syarikat
Group / Kumpulan

4 MAKLUMAT KEWANGAN UNTUK LIMA TAHUN
KUNCI KIRA-KIRA pada 31 Mac

(RM Juta)
Kumpulan Syarikat
2000 1999 1998 1997 1996 2000 1999 1998 1997 1996
Harta Semasa
Stok 660.8 713.1 1,167.8 618.2 600.8 303.1 348.6 472.4 357.8 509.9
Penghutang 871.2 742.5 850.8 963.3 717.6 708.0 963.4 1,127.7 996.5 865.7
Pelaburan Jangka Pendek 160.2 147.2 162.1 31.8 22.3 160.2 147.2 162.1 31.8 22.3
Baki di Bank dan Simpanan
Jangka Pendek 1,473.5 1,566.4 1,462.9 1,458.2 639.3 1,416.0 1,490.5 1,415.6 1,423.9 614.8
3,165.7 3,169.2 3,643.6 3,071.5 1,980.0 2,587.3 2,949.7 3,177.8 2,810.0 2,012.7
Tanggungan Semasa
Pemiutang 2,034.9 1,825.9 1,817.9 1,361.7 926.3 1,145.8 1,371.0 1,226.5 1,025.1 889.6
Cukai 146.3 432.5 613.2 400.8 168.5 136.4 423.1 597.5 384.7 162.5
Dividen 16.3 38.0 38.6 74.6 65.3 16.3 38.0 38.6 74.6 65.3
2,197.5 2,296.4 2,469.7 1,837.1 1,160.1 1,298.5 1,832.1 1,862.6 1,484.4 1,117.4
Harta/(Tanggungan) Semasa Bersih 968.2 872.8 1,173.9 1,234.4 819.9 1,288.8 1,117.6 1,315.2 1,325.6 895.3
Harta Tetap 2,124.5 2,122.2 1,957.7 1,482.4 1,282.5 1,754.6 1,833.3 1,665.5 1,311.7 1,203.9
Perbelanjaan Dihantar ke Hadapan – – – 14.6 28.9 – – – 14.6 28.9
Pelaburan Dalam Syarikat Subsidiari – – – – – 407.1 407.0 328.4 289.8 65.9
Pelaburan Dalam Syarikat Bersekutu 187.9 158.7 123.4 102.2 49.4 37.8 42.0 42.9 48.0 33.7
Pelaburan Dalam Syarikat Usahasama 0.6 – – – – – – – – –
Pelaburan Jangka Panjang 1.3 2.2 0.9 0.9 0.9 0.6 1.4 0.9 0.9 0.9
Tanggungan Jangka Panjang (368.4) (328.4) (346.9) (357.4) (369.9) (307.5) (324.0) (339.9) (355.1) (369.7)
Kepentingan Minoriti (57.4) (50.4) (43.1) (25.4) (13.1) – – – – –
Cukai Tertunda (84.6) (44.8) (44.7) (45.6) (45.3) (84.1) (44.7) (44.7) (44.7) (44.7)
2,772.1 2,732.3 2,821.2 2,406.1 1,753.3 3,097.3 3,032.6 2,968.3 2,590.8 1,814.2
Dana Pemegang Saham

Modal Saham 542.7 542.7 542.7 542.3 520.8 542.7 542.7 542.7 542.3 520.8
Rizab 124.9 128.6 246.4 207.0 206.4 429.4 429.3 429.3 426.5 264.3
Keuntungan Tersimpan 2,104.5 2,061.0 2,032.1 1,656.8 1,026.1 2,125.2 2,060.6 1,996.3 1,622.0 1,029.1
2,772.1 2,732.3 2,821.2 2,406.1 1,753.3 3,097.3 3,032.6 2,968.3 2,590.8 1,814.2
5
AKAUN UNTUNG RUGI bagi tahun berakhir 31 Mac

(RM Juta)
Kumpulan Syarikat
2000 1999 1998 1997 1996 2000 1999 1998 1997 1996
Perolehan 6,496.7 4,075.0 6,788.5 6,222.2 5,166.7 5,399.6 3,039.3 6,041.7 5,945.5 4,955.7
Keuntungan Sebelum Cukai 141.3 99.0 724.6 1,029.1 454.6 127.1 102.3 677.6 952.8 435.6
Keuntungan Selepas Cukai 79.6 94.8 459.5 749.5 358.7 91.7 102.3 439.5 703.8 350.7
Keuntungan Milik
Para Pemegang Saham 2,131.6 2,099.0 2,097.3 1,767.6 1,123.1 2,152.3 2,098.6 2,061.5 1,732.8 1,126.1
Dividen 27.1 38.0 65.2 110.8 97.0 27.1 38.0 65.2 110.8 97.0
Keuntungan Tersimpan
Dibawa Ke Hadapan 2,104.5 2,061.0 2,032.1 1,656.8 1,026.1 2,125.2 2,060.6 1,996.3 1,622.0 1,029.1
Profit After Taxation

Keuntungan Selepas Cukai
749.5
840
703.8
700
Retained Profit
Keuntungan Tersimpan
459.5
2,104.5
2,125.2

439.5
2,061.0
2,060.6
560
2,032.1
1,996.3
2,400
358.7
350.7
420
1,656.8
1,622.0
2,000
280
91.7
79.6
102.3
94.8
1,600
140
1,026.1
1,029.1
2000 1,200
1999
1998
0 1997
1996
800
Company / Syarikat
Group / Kumpulan 400
2000
1999
1998
0 1997
1996
Company / Syarikat
Group / Kumpulan

6 NOTICE OF ANNUAL GENERAL MEETING
NOTICE IS HEREBY GIVEN THAT the Seventeenth (17th) Annual General Meeting
of the Company will be held at the Glenmarie Ballroom, The Pan Pacific Glenmarie
Resort, 1, Jalan Usahawan U1/8, Seksyen U1, 40250 Shah Alam, Selangor Darul
Ehsan, on Thursday, 14 September 2000, at 4.00 p.m. for the following purposes:-
1. To receive and adopt the Reports of the Directors and Auditors and the Audited
Statement of Accounts for the year ended 31 March 2000. Resolution 1
2. To declare a final tax exempt dividend of 3 sen per ordinary share. Resolution 2
3. To elect the following Directors who retire in accordance with the Company’s Articles of
Association:-
Under Article 103
i) Tuan Haji Faisal @ Ibrahim bin Siraj Resolution 3
ii) Mr Kenji Matsuo Resolution 4
iii) Y.Bhg. Datuk Kisai bin Rahmat Resolution 5
Under Article 110

i) Mr Masao Miyamoto Resolution 6
ii) Mr Takeshi Ota Resolution 7
iii) Mr Atsushi Saruhashi Resolution 8
4. To approve the Directors’ fees of RM87,000.00 for the year ended 31 March 2000.
Resolution 9
5. To re-appoint Messrs. PricewaterhouseCoopers as Auditors of the Company and to

authorise the Directors to fix their remuneration. Resolution 10
6. To transact any other ordinary business for which due notice has been given.
7. As Special Business:-
7.1 To consider and, if thought fit, to pass the following resolutions as Ordinary Resolution:-
i) “THAT pursuant to PROTON’s Revised and Extended Employees’ Share Option
Scheme (“the Scheme”) as approved at the Extraordinary General Meeting of the
Company held on 7 September 1995, approval be and is hereby given to the
Directors pursuant to Section 132D of the Companies Act, 1965, to issue shares
in the Company at any time and in accordance with the terms and conditions of
the Scheme.” Resolution 11
ii) “THAT subject always to the Companies Act, 1965, the Articles of Association of
the Company and the approvals of the relevant governmental and/or regulatory
authorities, pursuant to Section 132D of the Companies Act, 1965, the Directors
be and are hereby authorised 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 Directors may deem fit provided that
the aggregate number of shares issued pursuant to this resolution does not
exceed 10 percent of the issued share capital of the Company for the time being
and that such authority shall continue in force until the conclusion of the next
Annual General Meeting of the Company.” Resolution 12
7
NOTICE OF CLOSURE OF BOOKS

NOTICE IS HEREBY GIVEN THAT the Register of Members of the Company will be closed on
23 September 2000 to determine shareholders’ entitlement to the final dividend of 3 sen tax
exempt for the financial year ended 31 March 2000. The dividend, if approved by the
shareholders at the Company’s Seventeenth (17th) Annual General Meeting, will be paid on
12 October 2000 to shareholders whose name appear in the Record of Depositors on
22 September 2000.
FURTHER NOTICE IS ALSO HEREBY GIVEN THAT a Depositor shall qualify for dividend
entitlement only in respect of:-
(a) Shares deposited into the Depositor’s Securities Account on or before 12.30 p.m. on
20 September 2000 (in respect of shares which are exempted from mandatory deposit);
(b) Shares transferred into the Depositors’ Securities Account before 12.30 p.m. on
22 September 2000 in respect of Ordinary Transfer;
(c) Shares bought on the Kuala Lumpur Stock Exchange on a cum entitlement basis according
to the Rules to the Kuala Lumpur Stock Exchange.
By Order of the Board,
Normah bte Kassim

Nik Aliena Salwanee bte Nik Mohamed
Secretaries
Shah Alam
29 August 2000
1. Notes:- 2. Explanatory Notes To The Special 2.2 The Ordinary Resolution no.
1.1 A member of the Company Business:- (ii) if passed, will give the
entitled to attend and vote at 2.1 The Ordinary Resolution no. Directors of the Company the
the meeting is entitled to (i) if passed, will renew the authority to issue shares in
appoint one or more proxies authority given to the the Company up to an
to attend and vote in his Directors at the last Annual amount not exceeding in
stead. A proxy need not be a General Meeting, to issue and total 10% of the issued share
member of the Company. allot shares in accordance capital of the Company for
with the terms and conditions such purposes as the Directors
1.2 The instrument appointing
of the Employees Share consider would be in the
the proxy must be deposited
Option Scheme. The authority, interest of the Company. This
at the office of the Registrars,
unless revoked or varied by would avoid any delay and
Panama Resources Sendirian
the Company in General cost involved in convening
Berhad, 23, Jalan Sri
Meeting, will expire at the general meeting to specifically
Hartamas 7, Sri Hartamas,
next Annual General Meeting approve such an issue of
50480 Kuala Lumpur not less
or the expiration of the shares. This authority, unless
than forty eight (48) hours
period within which the next revoked or varied at a general
before the time appointed
Annual General Meeting is meeting, will expire at the
for the meeting.
required by law to be held, next Annual General Meeting
whichever is the earlier. of the Company.

8 NOTIS MESYUARAT AGUNG TAHUNAN
DENGAN INI DIBERITAHU BAHAWA Mesyuarat Agung Tahunan ke Tujuh Belas (17)
Syarikat akan diadakan di Glenmarie Ballroom, The Pan Pacific Glenmarie Resort,
1, Jalan Usahawan U1/8, Seksyen U1, 40250 Shah Alam, Selangor Darul Ehsan, pada
hari Khamis, 14 September 2000, pada pukul 4.00 petang untuk tujuan-tujuan berikut:-
1. Menerima dan meluluskan Laporan-laporan Pengarah dan Juruaudit dan Penyata Perakaunan
yang telah diaudit bagi tahun berakhir pada 31 Mac 2000. Resolusi 1
2. Mengisytiharkan pembayaran dividen akhir terkecuali cukai sebanyak 3 sen sesaham biasa.
Resolusi 2
3. Melantik Pengarah-pengarah berikut yang bersara mengikut Tataurusan Syarikat:-

Di bawah Artikel 103
i) Tuan Haji Faisal @ Ibrahim bin Siraj Resolusi 3
ii) Encik Kenji Matsuo Resolusi 4
iii) Y.Bhg. Datuk Kisai bin Rahmat Resolusi 5

i) Encik Masao Miyamoto Resolusi 6
ii) Encik Takeshi Ota Resolusi 7
iii) Encik Atsushi Saruhashi Resolusi 8
4. Meluluskan bayaran yuran Pengarah sebanyak RM87,000.00 bagi tahun berakhir 31 Mac
2000. Resolusi 9
5. Melantik semula Tetuan PricewaterhouseCoopers sebagai Juruaudit Syarikat dan memberi

kuasa kepada Pengarah-pengarah menetapkan bayaran kepada mereka. Resolusi 10
6. Menjalankan sebarang urusan biasa yang lain di mana notis yang sewajarnya telah
diberikan.
7. Sebagai Urusan Khas:-

7.1 Menimbangkan dan jika difikir sesuai, meluluskan resolusi berikut sebagai Resolusi Biasa:-
i) “BAHAWA menurut Skim Pengubahsuaian dan Lanjutan Opsyen Saham Pekerja-
pekerja PROTON (“Skim”) seperti yang diluluskan pada Mesyuarat Agung Luar
Biasa Syarikat pada 7 September 1995, kelulusan dengan ini diberi kepada para
Pengarah mengikut Seksyen 132D Akta Syarikat, 1965, untuk menerbitkan
saham-saham dalam Syarikat pada bila-bila masa di atas terma-terma dan syarat-
syarat Skim tersebut.” Resolusi 11
ii) “BAHAWA tertakluk kepada Akta Syarikat, 1965, Artikel Syarikat dan kelulusan-
kelulusan yang diperlukan dari pihak berkuasa kerajaan dan/atau penguatkuasaan
peraturan berkaitan, para Pengarah akan dan dengan ini diberi kuasa, menurut
Seksyen 132D Akta Syarikat, 1965, untuk menerbitkan saham-saham dalam
Syarikat, dari masa ke semasa pada harga, menurut terma-terma dan syarat-
syarat, bagi tujuan tersebut dan kepada orang atau orang-orang berkenaan yang
para Pengarah anggap sesuai asalkan bilangan agregat saham yang diterbitkan
berhubung dengan resolusi ini tidak melebihi 10 peratus daripada modal
saham terbitan Syarikat pada masa sekarang dan bahawa kuasa sedemikian
akan terus berkuatkuasa sehingga tamat Mesyuarat Agung Tahunan Syarikat
yang berikutnya.” Resolusi 12
9
NOTIS PENUTUPAN BUKU

DENGAN INI ADALAH DIBERITAHU BAHAWA Daftar Ahli-ahli Syarikat akan ditutup pada
23 September 2000 untuk tujuan menentukan kelayakan dividen akhir terkecuali cukai
pemegang-pemegang saham sebanyak 3 sen untuk tahun kewangan berakhir pada 31 Mac
2000. Jika diluluskan oleh pemegang-pemegang saham pada Mesyuarat Agung Tahunan ke
Tujuh Belas (17), dividen ini akan dibayar pada 12 Oktober 2000 kepada pemegang-pemegang
saham yang namanya berada di dalam Daftar Penyimpan pada 22 September 2000.
DENGAN INI JUGA ADALAH DIBERITAHU BAHAWA seseorang penyimpan hanya akan layak
menerima dividen jika memenuhi syarat-syarat berikut:-
(a) Saham-saham yang disimpan ke dalam Akaun Sekuriti Penyimpan pada atau sebelum
12.30 tengahari pada 20 September 2000 (berkaitan dengan saham-saham yang
dikecualikan dari Simpanan Mandatori);
(b) Saham-saham yang dipindahkan ke dalam Akaun Sekuriti Penyimpan sebelum

12.30 tengahari pada 22 September 2000 untuk pindahan biasa;
(c) Saham-saham yang dibeli di Bursa Saham Kuala Lumpur berdasarkan “cum entitlement basis”
menurut Peraturan-peraturan Bursa Saham Kuala Lumpur.
Dengan Perintah Lembaga Pengarah,
Normah bte Kassim

Nik Aliena Salwanee bte Nik Mohamed
Setiausaha-setiausaha
Shah Alam
29 Ogos 2000
1. Nota-nota:- 2. Nota-nota Penerangan Kepada 2.2 Resolusi Biasa no. (ii)

1.1 Seorang ahli Syarikat yang Urusan Khas:- sekiranya diluluskan, akan
berhak menghadiri dan 2.1 Resolusi Biasa no. (i) memberikan para Pengarah
mengundi dalam mesyuarat sekiranya diluluskan, akan kuasa untuk menerbitkan
ini berhak melantik seorang memperbaharui kelulusan saham-saham Syarikat, tidak
atau lebih dari seorang proksi yang telah diberikan kepada melebihi 10% dari Modal
untuk menghadiri dan para Pengarah di dalam Berbayar Syarikat untuk
mengundi bagi pihak dirinya. Mesyuarat Agung Tahunan tujuan-tujuan yang difikirkan
Seseorang proksi tidak yang lepas, untuk menerbitkan wajar oleh para Pengarah
semestinya seorang ahli dan menawarkan saham- sejajar dengan kepentingan
Syarikat. saham menurut terma-terma Syarikat. Dengan kelulusan ini
dan syarat-syarat di bawah juga dapat mengelakkan
1.2 Surat cara perlantikan proksi
Skim Opsyen Saham (ESOS). sebarang kelewatan dan
mestilah disampaikan ke
Kuasa yang diberikan ini, perbelanjaan yang terlibat
pejabat Pendaftar, Panama
kecuali dibatalkan atau untuk mengadakan Mesyuarat
Resources Sendirian Berhad,
dipinda di dalam Mesyuarat Agung untuk meluluskan isu-
23, Jalan Sri Hartamas 7,
Agung akan terbatal kelulusan isu saham tersebut. Kuasa
Sri Hartamas, 50480 Kuala
tersebut pada Mesyuarat tersebut, kecuali dibatalkan
Lumpur, tidak lewat daripada
Agung Tahunan yang dan dipinda di dalam
empat puluh lapan (48)
berikutnya ataupun selepas Mesyuarat Biasa akan tamat
jam sebelum waktu yang
tamatnya tempoh di mana pada Mesyuarat Agung
dijadualkan untuk bermesyuarat.
Mesyuarat Agung Tahunan Tahunan Syarikat yang
yang berikutnya diadakan berikutnya.
ataupun mana-mana satu
yang lebih terdahulu.

10 CORPORATE STRUCTURE • STRUKTUR KORPORAT
SUBSIDIARIES / SUBSIDIARI ASSOCIATED / BERSEKUTU
Assembling Proton Automobiles

100%
Pemasangan (China) Ltd.
Proton Corporation
100%
Sdn. Bhd.
Sales
Proton Cars
Jualan 100% (UK) Ltd.
Proton Cars
56%
(Europe) Ltd.
After Sales
Selepas Jualan Proton Cars
100%
Australia Pty. Ltd.
Proton Cars
99%
Benelux NV. SA.
Properties
Hartanah Lotus Cars
100%
Asia Pacific Sdn. Bhd.
Auto Compound and

100% Distribution Centre Sdn. Bhd.
Foundation
Yayasan
Proton Parts
55%
Centre Sdn. Bhd.
Engineering Proton Properties

100%
Services Sdn. Bhd.
Perkhidmatan
Kejuruteraan
Yayasan
100%
Proton
Investment
Proton Engineering Research
Holding 100%
Technology Sdn. Bhd.
Pegangan
Pelaburan
Lotus Group
80%
International Ltd.
Trading Proton MC Metal

Perdagangan 75%
Sdn. Bhd.
11
Components
Manufacturing
Pengeluaran
Komponen PHN Industry
35%
Sdn. Bhd.
Aluminium Alloy
25%
Castings Sdn. Bhd.
Marutech Elastomer
Assembling 25%
Industries Sdn. Bhd.
Pemasangan
Technomeiji Rubber
25%
Sdn. Bhd.
Exedy (Malaysia)
45%
Sdn. Bhd.
Sales PEPS-JV (M)

Jualan 21%
Sdn. Bhd.
Vina Star Motors

25% Corporation (Vietnam)
Proton Pilipinas
20%
Corporation (Philippines)
Properties
Hartanah Usahasama Proton-DRB
30%
Sdn. Bhd.
Proton City Development

40% Corporation Sdn. Bhd.
Advanced Engine
50%
Engineering Research Sdn. Bhd.
Services
Perkhidmatan
Kejuruteraan

12 CORPORATE INFORMATION • MAKLUMAT KORPORAT
1 2 3
BOARD OF DIRECTORS / LEMBAGA PENGARAH

Chairman / Pengerusi
1 Y.Bhg. Tan Sri Dato’ Seri Mohd Saleh
bin Sulong
Directors / Pengarah
2 Y.M. Tengku Tan Sri Mahaleel bin Tengku Ariff
(Chief Executive Officer / Ketua Pegawai Eksekutif)
3 Y.Bhg. Datuk Kisai bin Rahmat

4 Y.Bhg. Dato’ Mohd. Nadzmi bin Mohd. Salleh*
4 5 Encik Abbas bin Mehad 6

6 Y.Bhg. Dato’ Maznah bte Abdul Jalil
7 Mr Kelvin Chong Mong Yuen*
8 Y.Bhg. Datuk Dr. Syed Muhamad
bin Syed Abdul Kadir
9 Tuan Haji Faisal @ Ibrahim bin Siraj
10 Mr Kenji Matsuo
11 Mr Masao Miyamoto
(appointed on / dilantik pada 1.6.2000)
12 Mr Takeshi Ota
5 13 Mr Atsushi Saruhashi 7
*(Independent Director / Pengarah Bebas)

13
8
11
9 10
12 13 14 15
Company Secretaries / Setiausaha-setiausaha Syarikat

14 Puan Normah bte Kassim
15 Puan Nik Aliena Salwanee bte Nik Mohamed
Alternate Directors / Pengarah Gantian

16 Puan Siti Halimah bte Ismail
(Alternate to / Pengarah Gantian kepada Y.Bhg. Datuk Dr. Syed Muhamad bin Syed Abdul Kadir)
17 Mr Masaharu Iwata
(Alternate to / Pengarah Gantian kepada Mr Kenji Matsuo)
18 Mr Shigenobu Nishida
(Alternate to / Pengarah Gantian kepada Mr Masao Miyamoto) (appointed on / dilantik pada 1.6.2000)
19 Mr Shigeo Sugawara
(Alternate to / Pengarah Gantian kepada Mr Atsushi Saruhashi) (appointed on / dilantik pada 2.8.2000)
16 17 18 19
14 CORPORATE INFORMATION (continuation) • MAKLUMAT KORPORAT (sambungan)
1 2 3
AUDIT COMMITTEE / JAWATANKUASA AUDIT

1 Mr Kelvin Chong Mong Yuen
(Chairman, Independent Non-Executive Director / Pengerusi, Pengarah Bebas Bukan Eksekutif)
2 Y.Bhg. Datuk Dr. Syed Muhamad bin Syed Abdul Kadir

(Independent Non-Executive Director / Pengarah Bebas Bukan Eksekutif)
3 Y.Bhg. Dato’ Maznah bte Abdul Jalil

(Independent Non-Executive Director / Pengarah Bebas Bukan Eksekutif)
REGISTERED OFFICE / PEJABAT BERDAFTAR SOLICITORS / PEGUAMCARA

Kawasan Perindustrian HICOM Messrs Adnan Sundra & Low
Batu Tiga, 40000 Shah Alam Level 11, Menara Olympia
Selangor Darul Ehsan, Malaysia No. 8, Jalan Raja Chulan
Tel / Tel : 03-511 1055 50200 Kuala Lumpur
Fax / Faks : 03-511 1252
Messrs Cheang & Ariff
PRINCIPAL BANKERS / BANK-BANK UTAMA 39 Court, No. 39, Jalan Yap Kwan Seng
Malayan Banking Berhad 50450 Kuala Lumpur
Bumiputra Commerce Bank Berhad Messrs Hisham, Sobri & Kadir
Perwira Affin Bank Berhad 6th Floor, Pertama Complex
Bank Islam Malaysia Berhad Jalan Tuanku Abdul Rahman
Standard Chartered Bank Malaysia Berhad 50100 Kuala Lumpur
Citibank Berhad
EON Bank Berhad Messrs Nik Saghir & Ismail
28th Floor, Menara Maybank
AUDITORS / JURUAUDIT 100, Jalan Tun Perak
Messrs PricewaterhouseCoopers 50050 Kuala Lumpur
11th Floor, Wisma Sime Darby
Jalan Raja Laut, P.O. Box 10192 STOCK EXCHANGE LISTING
50706 Kuala Lumpur PENYENARAIAN BURSA SAHAM
Kuala Lumpur Stock Exchange (Main Board)
REGISTRARS / PENDAFTAR Bursa Saham Kuala Lumpur (Papan Utama)
Panama Resources Sdn. Bhd. (26 March / Mac 1992)
No. 23, Jalan Sri Hartamas 7
Sri Hartamas, 50480 Kuala Lumpur
AUDIT COMMITTEE CHARTER 15
Constitution
The Board constitutes and establishes an Audit Committee with authority, responsibilities and specific
duties as described below.
Composition
The Committee comprises Directors of the Company. The majority of its members shall be independent of
management and free from any relationship which, in the opinion of the Board, would interfere with their
exercise of independent judgement as Committee members.
The members of the Audit Committee shall elect a Chairman from amongst their number.
If a member resigns, dies or ceases to be a member with the result that the number is reduced to
below 3, the Board shall within 3 months appoint such additional member or members so as to make up
the minimum number.
Responsibilities (l) Review any significant transaction which is

The functions of the Audit Committee shall be to:- outside the Company’s normal business.
(a) Review with the auditors (m) Confirm that management has placed no
– the audit plan restriction on the scope of the audit.
– their evaluation of the system of internal (n) Review the effectiveness of the internal audit
accounting control function.
– the audit report on the financial statements.
(o) Review the coordination of audit approach
(b) Review the assistance given by the Company’s between the external and internal auditors.
officers to the auditors.
(c) Review the scope and results of the internal Meetings

audit procedures. The Committee shall hold meetings on at least the
four occasions when it meets with the external
(d) Review the financial statements submitted by auditors each year viz:-
the management and thereafter to submit
them to the Board of Directors. (1) Prior to the current year’s audit.
(e) Review any significant transaction involving (2) Upon completion of the external auditor’s
related parties that may arise within the interim examination.
Company or Group. (3) Prior to the meeting of the full Board to
(f) Nominate auditors for the Company. approve the financial statements.
(g) Consider any matter which the auditors wish (4) Prior to the announcement of the interim results.
to bring to the attention of the Directors or
shareholders. Attendance
Members of the Committee are to be present at all
(h) Review the effectiveness of management meetings. The Chairman may request that members
information and other systems of control of the management, the internal auditors and
within the Company. representatives of the external auditors be present
(i) Review arrangements established by at meetings of the Committee.
management for compliance with any regulatory
or other external reporting requirements. Minutes
(1) The Company Secretary shall be present at all
(j) Review the accounting policies adopted and
meetings to record minutes.
change in accounting principles or practices
and the level of prudence applied in areas (2) Minutes of each meeting shall be prepared
requiring judgement. and sent to the Committee members and to
those company Directors who are not members.
(k) Review interim financial information and press
releases relating to financial matters of
importance.

16 PIAGAM JAWATANKUASA AUDIT
Perlembagaan
Lembaga Pengarah membentuk dan menubuhkan sebuah Jawatankuasa Audit dengan kuasa,
tanggungjawab dan tugas-tugas khusus sebagaimana di bawah.
Komposisi
Jawatankuasa terdiri dari Pengarah-pengarah Syarikat dan majoriti ahli-ahlinya adalah bebas dari pihak
pengurusan dan bebas dari sebarang pertalian yang mana pada pendapat Lembaga Pengarah, akan
mengganggu perlaksanaan pertimbangan bebas sebagai ahli jawatankuasa.
Ahli-ahli Jawatankuasa Audit akan melantik seorang Pengerusi dari kalangan mereka.
Jika seorang ahli bersara, meninggal dunia atau berhenti dari menjadi ahli dan oleh yang demikian
menyebabkan bilangan mereka kurang dari 3, pihak Lembaga Pengarah dalam tempoh 3 bulan akan
melantik ahli-ahli baru yang perlu untuk memenuhi bilangan minimum.
Tanggungjawab (l) Menyemak sebarang urusan penting yang

Fungsi-fungsi Jawatankuasa Audit ialah:- bukan sebahagian dari urusan biasa Syarikat.
(a) Menyemak bersama-sama juruaudit (m) Mengesahkan bahawa pengurusan telah tidak
– rancangan audit meletakkan sebarang sekatan ke atas skop audit.
– penilaian mereka terhadap sistem kawalan (n) Menyemak keberkesanan fungsi audit dalaman.
perakaunan dalaman
(o) Menyemak penyelarasan pendekatan audit di
– laporan audit ke atas penyata kewangan.
antara juruaudit dalaman dan luaran.
(b) Menyemak bantuan yang diberi oleh pegawai-
pegawai Syarikat kepada juruaudit. Mesyuarat
(c) Menyemak skop dan keputusan-keputusan Jawatankuasa ini akan bertemu atau sekurang-
prosedur audit dalaman. kurangnya bermesyuarat empat kali dalam setahun
apabila ia mengadakan mesyuarat-mesyuarat
(d) Menyemak penyata-penyata kewangan yang dengan juruaudit luaran iaitu:-
dikemukakan oleh pengurusan dan selanjutnya
mengemukakan kepada Lembaga Pengarah. (1) Sebelum audit tahun semasa.
(e) Menyemak sebarang urusan pihak bersangkutan (2) Selepas tamat pemeriksaan interim juruaudit
yang mungkin timbul di dalam Syarikat atau luaran.
Kumpulan. (3) Sebelum mesyuarat Lembaga Pengarah untuk
(f) Mencalonkan juruaudit bagi Syarikat. meluluskan penyata-penyata kewangan.
(g) Menimbangkan sebarang hal yang ingin dibawa (4) Sebelum pengumuman keputusan-keputusan
oleh juruaudit ke perhatian Pengarah-pengarah interim.
atau pemegang saham.
Kehadiran
(h) Menyemak keberkesanan maklumat pengurusan Ahli-ahli Jawatankuasa diperlukan hadir di semua
dan lain-lain sistem kawalan di dalam Syarikat. mesyuarat-mesyuarat. Pengerusi boleh meminta
(i) Menyemak susunan yang ditetapkan oleh ahli-ahli pengurusan, juruaudit dalaman dan wakil-
pengurusan bagi mematuhi sebarang wakil juruaudit luaran supaya hadir di mesyuarat-
peraturan atas kehendak laporan luaran. mesyuarat Jawatankuasa.
(j) Menyemak polisi-polisi perakaunan yang

Minit Mesyuarat
diterimapakai, sebarang perubahan prinsip-
(1) Setiausaha Syarikat akan hadir di semua
prinsip perakaunan atau amalan dan tahap
mesyuarat untuk merakamkan minit mesyuarat.
berjaga-jaga yang digunakan dalam bidang-
bidang yang memerlukan pertimbangan. (2) Minit-minit setiap mesyuarat akan disiapkan
dan dihantar kepada ahli-ahli Jawatankuasa
(k) Menyemak maklumat kewangan interim dan
dan Pengarah-pengarah Syarikat yang bukan
siaran akhbar berkaitan dengan hal-hal
ahli.
kewangan yang penting.
ORGANISATION CHART • CARTA ORGANISASI 17
Corporate Planning
Perancangan Korporat
International Business
Perdagangan Antarabangsa
Lotus Cars Asia Pacific

Lotus Cars Asia Pacific
Pricing Exco
Exco Harga
Human Resource
Management Committee
Sumber Manusia
Jawatankuasa Pengurusan
Finance
Kewangan
Internal Audit
Audit Dalaman Operations
Operasi
Engineering &
Chief Executive Officer Manufacturing
Ketua Pegawai Eksekutif Kejuruteraan &
Pengeluaran
Security
Sekuriti
Chief Advisor
Ketua Penasihat
Secretarial & Legal

Kesetiausahaan &
Group Purchasing
Undang-undang
Pembelian Kumpulan
Quality Management
Pengurusan Kualiti
Environment,
Health & Safety
Persekitaran, Kesihatan & Research & Development and
Keselamatan New Platform Development
Penyelidikan & Pembangunan dan
Pembangunan Platform Baru
Information Technology
Management
Pengurusan Teknologi
Maklumat

18 MANAGEMENT COMMITTEE • JAWATANKUASA PENGURUSAN
Y.M. Tengku Tan Sri Mahaleel

bin Tengku Ariff
Chief Executive Officer /
Ketua Pegawai Eksekutif
Y.Bhg. Datuk Kisai Mr Takeshi Ota Y.Bhg. Dato’ Tony

bin Rahmat Chief Advisor / Chan Kok Chuen
Director, Operations / Ketua Penasihat Vice-President,
Pengarah, Operasi Group Purchasing /
Naib Presiden,
Pembelian Kumpulan
19
Encik Kamarulzaman Encik Maruan Encik Muhammad

bin Darus bin Mohd Said bin Aman
General Manager, General Manager, General Manager,
Research & Development Corporate Planning / Platform (Project GX) /
and New Platform Pengurus Besar, Pengurus Besar,
Development / Perancangan Korporat Platform (Projek GX)
Pengurus Besar,
Penyelidikan &
Pembangunan dan
Pembangunan
Platform Baru
Mr Tan Seng Lee Mr Masaharu Iwata Encik Johari bin Ismail

General Manager, Head, International Head, Information
Finance / Business / Technology Management /
Pengurus Besar, Ketua, Perdagangan Ketua, Pengurusan
Kewangan Antarabangsa Teknologi Maklumat
Puan Nik Aliena Puan Mastura bte Mansor

Salwanee bte Head, Human Resources /
Nik Mohamed Ketua, Sumber Manusia
Company Secretary /
Setiausaha Syarikat
20
Perutusan
PENGERUSI
Chairman’s Statement
It gives me great pleasure to present, on behalf of
the Board of Directors, the financial results and
operations of the Company and its subsidiaries
(hereinafter referred to as PROTON) for the year
ended 31 March 2000.
OVERVIEW
The financial year under review is undoubtedly one of
the most exciting and challenging in recent years.
Not only did the Malaysian economy recover from the
downturn, the key sectors of the economy including
the financial and automotive sectors also saw renewed
growth, which is a clear indication that things can
only improve.
The pace of Malaysia’s economic recovery has indeed

been impressive by any standard. Despite facing harsh
criticisms and scepticism from many quarters,
Malaysians from all walks of life were united in their
efforts for a speedy an economic recovery and proved
their mettle in more ways than one.
Surpassing all expectations, the Malaysian economy

grew at an impressive 5.4%, outstripping the earlier
forecast of 4.3%, and the positive signs of a strong
recovery in all areas of economic activity are abundant.
One of the most visible hubs of activity is the

automotive sector, where the overall Total Industry
Volume (TIV) sales experienced an impressive year on
year increase of 76.10%, giving a new lease of life for
the industry which was affected from the onset of the
crisis. We are pleased with the high growth in the
automobile sector, as it has reinvigorated an industry
that is critical for the country’s economy. The overall
increase in the sale of passenger cars helped boost
the performance of Proton car sales. We were able to
capitalise on the higher demand through continuous
efforts to increase production capacity and sales.
FINANCIAL PERFORMANCE
During the year under review, PROTON registered a
pre-tax operating profit of RM141.3 million on a
turnover of RM6.5 billion.
21
1 2
1 Translating an idea into reality 2 Brain storming session at 3 Developing colours and trims
with Computer Aided Styling R&D’s Creative Design Centre of the future at R&D’s Creative
(CAS) computers. on future models. Design Centre.
Menukar idea menjadi realiti Mengerah idea untuk Mencerna warna dan trim
melalui perisian Computer mencipta model kereta masa gaya masa depan di Pusat
Aided Styling (CAS). depan di Pusat Rekabentuk Rekabentuk Kreatif R&D.
Kreatif R&D.
Bagi pihak Lembaga Pengarah saya dengan melebihi anggaran pertumbuhan terdahulu
sukacitanya, membentangkan kedudukan sebanyak 4.3%, dan terdapat banyak tanda-
kewangan dan laporan operasi syarikat dan tanda positif untuk pemulihan yang teguh
anak-anak syarikatnya (selepas ini dirujuk dalam semua aktiviti ekonomi.
sebagai PROTON) bagi tahun berakhir
31 Mac 2000. Salah satu aktiviti pendorong yang jelas
adalah dalam sektor automotif di mana jualan
Jumlah Volum Industri (TIV) keseluruhannya
KEDUDUKAN KESELURUHAN telah mengalami peningkatan yang
Tahun kewangan dalam kajian tidak memberangsangkan, sebanyak 76.10%
dinafikan adalah salah satu tahun yang melebihi tahun sebelumnya. Ia memberikan
paling memberangsangkan dan mencabar nafas baru kepada industri ini setelah terjejas
sejak beberapa tahun kebelakangan ini. sejak awal krisis. Kami berasa bangga dengan
Ekonomi Malaysia bukan sahaja telah pulih pertumbuhan yang tinggi dalam sektor
tetapi menunjukkan pertumbuhan semula automotif kerana ia telah menggiatkan
dalam sektor-sektor utama ekonomi semula industri yang kritikal untuk ekonomi
termasuk sektor kewangan dan automotif. negara ini. Pertumbuhan secara menyeluruh
dalam jualan kereta penumpang telah
Kadar pemulihan ekonomi Malaysia sangat membantu menaikkan prestasi jualan kereta
menggalakkan. Walaupun menghadapi Proton. Kami telah berjaya mengambil
kritikan dan keraguan yang hebat daripada kesempatan dari permintaan yang meningkat
pelbagai pihak, masyarakat Malaysia dari itu melalui usaha yang berterusan bagi
semua lapisan telah bersatu dalam usaha- menambah kapasiti pengeluaran dan penjualan.
usaha untuk mencapai pemulihan ekonomi
yang pantas dan membuktikan kemampuan
mereka dengan pelbagai cara. PRESTASI KEWANGAN
Dalam tahun kajian, PROTON telah
Ekonomi Malaysia telah mengatasi segala mencatatkan keuntungan operasi sebelum
jangkaan dengan pertumbuhan yang cukai sebanyak RM141.3 juta dari jumlah
memberangsangkan pada kadar 5.4%, perolehan sebanyak RM6.5 bilion.

22 Perutusan
PENGERUSI
On an industry-wide basis, the sale of passenger cars

increased to 239,647 units in 1999, up from the
137,690 units sold in 1998. For the financial year
ended 31 March 2000, PROTON recorded a sale of
170,296 units, a 56.1% increase from the number of
vehicles sold the previous year. The economic recovery 1 Building a full scale model
has also resulted in higher demand for high-end utilizing the most advanced
Computer Aided Clay Model
models such as the Satria GTi and Perdana, which Milling machine.
helped our overall sales revenue. We are very pleased
Membina model skel penuh
with the increase in sales, as it is a clear indication of menggunakan mesin Computer
higher liquidity and consumption, which is a result of Aided Clay Model Milling.
a revitalised economy. We are confident that this
trend will continue in the current financial year and
look forward to serving our customers better with 1
new and enhanced products, where the technology
acquired from the purchase of Lotus has enabled us
to improve the Ride and Handling (R&H) of our cars.
DIVIDENDS
For the year ended 31 March 1999 the company had
a final dividend totalling 7 sen per share (RM37,989,000).
In view of the performance of the Group for the 2 Design analysis on vehicle
financial year ended 31 March 2000, the company structure utilizing Computer
had paid an interim dividend of 2 sen per share on Aided Engineering (CAE)
computers.
30 December 1999 and the Board is pleased to
recommend a final tax-exempt dividend of 3 sen per Analisis rekabentuk struktur
kenderaan menggunakan
share (RM16,281,480), in respect of the financial year perisian Computer Aided
ended 31 March 2000, payable on 12 October 2000. Engineering (CAE).
PRODUCT DEVELOPMENT 3 Sunshine weather meter test

to simulate the weather
Another development during the year under review
resistent effect on interior and
that bears testimony to PROTON’s continued exterior parts.
development efforts was the announcement to jointly Ujian meter cuaca pancaran
develop a new model with Lotus Engineering Ltd., which matahari bagi mensimulasi
will be built on the new Lotus Monaco chassis which kesan daya tahan cuaca pada
is developed from technology used in the Lotus Elise. bahagian dalam dan luar kereta.
As a fitting tribute to the economic turnaround,

4 Power window test to ensure
Malaysians were also presented one of the greatest the operation performance
gifts by PROTON. Reflecting the high spirit of and durability of the system.
achievement and the success embodied in every Ujian tingkap kuasa untuk
Proton car on the road, the Waja is a Malaysian memastikan prestasi operasi
designed car that was worked on by our engineers at dan ketahanan sistem
tersebut.
PROTON. The culmination of 15 years of technological
acquisition, the Waja is a truly Malaysian product that
has put us on par with the rest of the world in the
field of automotive design and manufacturing 5 Roof crush and side door
capability. The development of the Waja took 4 years, intrusion to simulate crash
conditions as part of
a combined total of 1.7 million man-hours and the homologation test requirements.
involvement of 300 Malaysian engineers and we are Hentakan bumbung dan
certainly proud with the result. penerobosan pintu sisi untuk
mensimulasi keadaan perlanggaran
sebagai sebahagian daripada
keperluan ujian homologasi.
2 3
4 5
Penjualan kereta penumpang berdasarkan prestasi Kumpulan bagi tahun kewangan

seluruh industri telah bertambah kepada berakhir 31 Mac 2000, syarikat telah membayar
239,647 unit pada tahun 1999 daripada dividen interim sebanyak 2 sen setiap satu
137,690 unit pada tahun 1998. Bagi tahun saham pada 30 Disember 1999 dan Lembaga
kewangan berakhir 31 Mac 2000, PROTON Pengarah dengan sukacitanya mencadangkan
telah mencatatkan jualan sebanyak 170,296 dividen terakhir dikecualikan cukai, sebanyak
unit, iaitu peningkatan 56.1% dari bilangan 3 sen setiap satu saham (RM16,281,480) bagi
kenderaan yang dijual pada tahun sebelumnya. tahun kewangan berakhir 31 Mac 2000,
Pemulihan ekonomi juga telah mendorong untuk dibayar pada 12 Oktober 2000.
peningkatan permintaan untuk kereta-kereta
segmen atasan seperti Satria GTi dan Perdana,
yang telah membantu menaikkan keseluruhan PEMBANGUNAN PRODUK
jumlah perolehan. Kami sangat berbangga Satu lagi pembangunan pada tahun kajian
dengan peningkatan jualan kerana ia jelas yang menandakan usaha pembangunan
menandakan keadaan mudah tunai dan berterusan oleh PROTON adalah pengumuman
pembelian yang lebih banyak, hasil dari untuk membangunkan model baru bersama
pemulihan ekonomi. Kami yakin kecenderungan Lotus Engineering Ltd. Ia akan menggunakan
ini akan berterusan dalam tahun kewangan casis Lotus Monaco baru yang dibina dari
semasa dan kami bersedia untuk memberi teknologi yang digunakan dalam Lotus Elise.
layanan yang lebih baik kepada pelanggan
dengan penjualan produk yang baru dan Mengambil peluang menghadapi permulihan
lebih canggih. Teknologi yang diperolehi ekonomi negara, PROTON telah
dengan pembelian Lotus membolehkan kami memperkenalkan rekaan terulungnya kepada
meningkatkan tahap ‘Pemanduan dan rakyat Malaysia. Waja, sebuah kereta yang
Pengendalian’ (R&H) bagi kereta-kereta kami. direka bentuk di Malaysia yang telah
dihasilkan oleh jurutera-jurutera kami di
PROTON, mencerminkan pencapaian dan
DIVIDEN kejayaan PROTON yang gemilang. Kemuncak
Bagi tahun berakhir 31 Mac 1999 syarikat 15 tahun penerapan teknologi, Waja adalah
telah membayar dividen berjumlah 7 sen produk Malaysia sebenarnya yang telah
setiap satu saham (RM37,989,000). Berdasarkan meletakkan kita setanding dengan dunia luar

24 Perutusan
PENGERUSI
INFORMATION TECHNOLOGY
The Information Technology (IT) aspect of the business
has been developed progressively. During the year
under review, the IT division successfully managed the
Y2K programme and the roll-over into the year 2000
was smoothly done. This was done mainly by internal
resources, which translated into substantial cost
savings for the company.
With several new businesses and engineering systems

completed during the year, PROTON is now able to
improve its overall business and operational efficiency
as well as enhance its engineering and product
development processes. 1
There are several initiatives being carried out by the

company to further improve the business process and
capitalise on the IT advancement to implement
business solutions in various aspects of business.
PROTON is considering the possibility of venturing
into e-Business, especially in the areas of business-to-
business (B2B) and business-to-consumer (B2C).
1 Crash simulation test on the
In line with the company’s move towards improving Waja utilizing the Sled Test.
customer services, relevant solutions are being studied Ujian simulasi perlanggaran
such as Customer Relationship Management (CRM) dilakukan ke atas Waja
menggunakan Ujian Sled.
and Sales/After Sales systems. Meanwhile, a Virtual
Reality solution is being studied to further improve
our product development. We believe that all these
efforts are integral to the success of Proton cars, both
locally and internationally, as it improves product
2 Towing Hook strength
development and quality, as well as the level of
homologation test.
service to our customers.
Ujian homologasi kekuatan
Cangkuk Penarik.
INTERNATIONAL MARKET
We are also proud of our achievements overseas, as it
reinforces the fact that we have world class products
to market. The Satria GTi, in particular, has made
waves in both Australia and the United Kingdom,
where it was voted among the Top 10 cars in
Australia (Wheels Magazine, December 1999) and
placed 67th in a list of 100 cars in the United
Kingdom (AUTOCAR, November 1999).
PROTON has achieved this through developing world-

class products, where reliability is a critical factor in the
consumer decision making process. We are proud to
say that Proton cars have been rated 3rd among the
best models in the United Kingdom market, for fewer
breakdowns and less mechanical failure – outclassing
other well known marques like Toyota, Honda and
Mitsubishi, according to the 1999 J.D Power Survey.
2 3
3 Seat belt anchorage test. 4 Rough surface road test. 5 Waja undergoing emission test
at PROTON’s very own
Ujian kekuatan mengikat tali Ujian jalan berpermukaan
Exhaust Emission Laboratory.
pinggang keselamatan. mencabar.
Waja melalui ujian pelepasan
asap di Makmal Pelepasan
Asap Ekzos milik PROTON.
4 5
dalam bidang rekabentuk automotif dan penyelesaian perniagaan dalam berbagai

kecekapan dalam pembuatan kereta. Pembinaan aspek perniagaannya. PROTON kini sedang
Waja memakan masa selama 4 tahun, mempertimbangkan kemungkinan memasuki
membabitkan sejumlah 1.7 juta jam bekerja perniagaan e-dagang, lebih-lebih lagi dalam
dan penglibatan seramai 300 jurutera Malaysia. bidang perniagaan ke perniagaan (B2B) dan
Kami sangat berbangga dengan hasilnya. perniagaan ke pelanggan (B2C).
Selari dengan tindakan syarikat untuk

TEKNOLOGI MAKLUMAT meningkatkan servis kepada pelanggan,
Aspek Teknologi Maklumat (IT) dalam penyelesaian-penyelesaian yang berkaitan
perniagaan kereta PROTON telah dibangunkan sedang dikaji, seperti Pengurusan
dengan majunya. Dalam tahun kewangan Perhubungan Pelanggan (CRM) dan Sistem
dalam kajian, bahagian IT telah berjaya Penjualan Selepas Jualan. Sementara itu,
menguruskan program Y2K dan peralihan ke penyelesaian Realiti Maya kini sedang dikaji
dalam tahun 2000 telah berjalan lancar. untuk memajukan lagi pembangunan produk
Sebahagian besar daripada ini telah kami. Kami percaya semua usaha-usaha ini
dilaksanakan dengan penggunaan sumber adalah penting bagi kejayaan kereta PROTON,
dalaman, yang telah menghasilkan dalam negara atau luar negara, kerana ia
penjimatan kos yang berkesan kepada syarikat. meningkatkan pembangunan produk dan
kualiti, serta tahap servis kepada pelanggan.
Dengan penyiapan beberapa sistem baru
perniagaan dan kejuruteraan pada tahun
kajian, PROTON kini dapat meningkatkan PASARAN ANTARABANGSA
kecekapan seluruh perniagaan dan Kami juga berasa bangga dengan
operasinya serta meningkatkan proses pencapaian di luar negara, kerana ia
kejuruteraan dan pembangunan produk. merupakan pengiktirafan bahawa kami
mempunyai produk bertaraf antarabangsa
Terdapat beberapa inisiatif yang dijalankan untuk dipasarkan. Satria GTi telah dapat
oleh Syarikat untuk meningkatkan lagi proses menambatkan minat pengguna Australia dan
perniagaan dan mengambil kesempatan atas United Kingdom, di mana ia telah diundi
kemajuan IT untuk melaksanakan kaedah sebagai kereta ke 10 terlaris di

26 Perutusan
PENGERUSI
In addition, J.D Power Survey – a survey of customer

satisfaction in the United Kingdom – has continuously
ranked Proton in the Top 20 since 1996. PROTON was
also awarded the ISO 9002 certification from SIRIM
and the Vehicle Certification Agency (VCA) of the
United Kingdom. 1 Noise level test at PROTON’s
Noise Laboratory.
The strong perception of PROTON overseas has been a Ujian tahap kebisingan di
Makmal Kebisingan PROTON.
tremendous boost to the sale of Proton cars in the
export market. In less than 15 years, PROTON has
swiftly progressed from a domestic manufacturer to
an internationally recognised brand, with significant
global presence as a competitive and innovative brand
of automotive products. PROTON currently exports its 1
cars to more than 20 active markets across Europe,
Africa, the Middle East, Asia, Australia, the Caribbean
and Latin America.
For the financial year under review, we exported

14,586 units of Proton cars, with the United Kingdom
being the largest export market taking up almost a
third of the volume of cars exported. Other significant
markets include Germany and Australia, where we 2 Component stress research
exported 2,131 cars and 2,478 cars, respectively. under microscopic analysis.
Penyelidikan tekanan
These figures are clearly in line with PROTON’s goals komponen di bawah analisis
of achieving a significant global presence and mikroskopik.
automotive excellence, and we will continuously strive

to strengthen our position as a leading car manufacturer
in all the markets that we penetrate. By aggressively
marketing our cars internationally, we are also helping
to set higher standards for our vendors and suppliers 3 Satria GTi recognition in
overseas publication.
in the PROTON supply chain. Such efforts not only
help develop a group of highly skilled vendors and Satria GTi mendapat
pengiktirafan daripada media
entrepreneurs, but the high standards that are antarabangsa.
demanded by a world class product, would require a
high level of commitment and excellence from our
partners.
4 Parts instrumentation and road

HUMAN RESOURCES data measurement activities.
I must stress that, at PROTON, we place high Aktiviti instrumentasi alatan
importance on the development of human resource dan pengukuran data
capabilities, as we believe that the people behind a jalanraya.
company shape the company. This works from the
bottom up and vice versa. We have put aside a lot of
time and commitment to train and develop our
human resources.
27
Australia (Wheels Magazine, Disember 1999) Bagi tahun kewangan dalam kajian, kami
dan telah mendapat tempat ke-67 dalam telah mengeksport 14,586 unit kereta
senarai 100 kereta di United Kingdom Proton, satu pertiga daripadanya ke United
(AUTOCAR, November 1999). Kingdom sebagai pasaran eksport yang
terbesar. Pasaran-pasaran utama lain
PROTON telah mencapai kejayaan ini melalui termasuk Jerman di mana kami telah
pembangunan produk yang bertaraf mengeksport sebanyak 2,131 unit kereta dan
antarabangsa, di mana reliabiliti adalah ke Australia sebanyak 2,478 unit kereta.
faktor penting yang dipertimbangkan dalam
proses seseorang pelanggan membuat Kejayaan ini adalah selari dengan matlamat
keputusan. Kami dengan bangga PROTON untuk mencapai kedudukan global
mengumumkan bahawa kereta Proton telah yang berkesan dan kecemerlangan
3 4
Overseas
they’re calling Hills Shire Times
November 1999
Wheels Magazine
us names.
November 1999
Proton Satria GTi wins accolades

from top motoring journalists.
Drivetime,
Mosman Daily Proton
pocket ’s
When the Satria GTi made its first appearance in Australia and UK, some of the November 1999
kindest words came from the industry’s harshest critics.
National Motoring Editor, Paul Gover, an accomplished rally and race driver and
highly respected after 25 years as a motoring journalist raved about the GTi’s charm, Sporty rocket
performance and handling. and pr perform
Writing in Melbourne’s Herald Sun, Gover said, “It should easily become the next ecise ha ance
performance cult car, taking over from the Subaru WRX and PROTON should have ndling The
no problem convincing people to put it on their shopping lists”. Mercury
February 2000
Its been praises like these that made the highly respected and opinion leading
“Wheels” magazine so impressed with the Satria GTi, that it nominated it as one
of its top ten cars of ‘99. Don’t just take their word for it. Test drive one yourself. Northern Territory News
October 1999
News Week
1999
www.proton.com Extreme Handling

l k
dinilai sebagai kereta ketiga di antara automotif. Kami akan terus berusaha untuk
model-model terbaik di pasaran United memperkukuhkan kedudukan kami sebagai
Kingdom, kerana kurang kerosakan dan pembuat kereta utama dalam semua pasaran
kurang kegagalan mekanikal – ia mengatasi yang dimasuki. Dengan memasarkan kereta
jenama-jenama yang lebih terkenal seperti kami secara agresif di pasaran antarabangsa,
Toyota, Honda dan Mitsubishi, seperti yang kami juga membantu menetapkan piawaian
dilaporkan dalam J.D Power Survey 1999. yang lebih tinggi di kalangan vendor dan
pembekal kami dalam rangkaian
Selain daripada itu, J.D Power Survey – pembekalan PROTON. Usaha-usaha ini bukan
kajian kepuasan pelanggan di United sahaja membangunkan kumpulan vendor
Kingdom – telah terus meletakkan Proton dan usahawan yang berkemahiran tinggi,
dalam senarai 20 terbaik sejak 1996. tetapi juga memerlukan tahap komitmen
PROTON juga telah dianugerahkan sijil dan kecemerlangan yang tinggi daripada
ISO 9002 dari SIRIM dan Vehicle Certification rakan-rakan niaga kami, bagi menjaga
Agency (VCA) dari United Kingdom. piawaian tinggi yang diperlukan oleh
produk bertaraf antarabangsa.
Persepsi kukuh terhadap PROTON di luar
negara telah memberi galakan yang kuat
kepada penjualan kereta-kereta Proton di SUMBER MANUSIA
pasaran eksport. Dalam tempoh kurang Saya harus menekankan bahawa di PROTON
daripada 15 tahun, PROTON telah maju kami memberi keutamaan ke atas
daripada pembuat kenderaan domestik pembangunan kemahiran sumber manusia,
kepada jenama yang dikenali di pasaran kerana kami percaya kakitangan syarikatlah
antarabangsa. Sebagai suatu jenama produk yang mencorakkan sesebuah syarikat. Proses
automotif yang berdaya saing dan inovatif ini melibatkan kakitangan bawahan ke
di pasaran global PROTON kini mengeksport atasan dan juga sebaliknya. Kami telah
kereta ke lebih dari 20 pasaran aktif di meluangkan banyak masa dan komitmen
seluruh Eropah, Afrika, Timor Tengah, Asia, untuk melatih dan membangunkan sumber
Australia, Karibbean dan Latin Amerika. manusia di PROTON.

28 Perutusan
PENGERUSI
Throughout the financial year, various activities were

held for the welfare and overall benefit of our
employees; for spiritual, physical and professional
development. These activities included talks,
motivational courses, long service awards, treasure
hunts, trips to recreational areas, sports carnivals and
welfare programmes.
As a caring corporate citizen, PROTON’s employee

programmes have also been extended to the public
where the in-house expertise has been used to
promote a better way of life among Malaysians.
1 2
1 Three point bending test on

components using the
An example of this is the PROTON Motorcycle Universal Testing machine.
Defensive Riding Team which has used its expertise to Ujian membengkok tiga
promote safe riding techniques and road safety bahagian komponen
menggunakan mesin Universal
awareness among motorcyclists. This year, the team
Testing.
celebrated its 100th training session. Since its inception
in May 1997 the team has trained over 2,000
motorcyclists; most of whom were PROTON employees.
2 Ongoing research to improve
The team has been instrumental in reducing the our products utilizing 4 Poster
Road Simulator, the only one
employee motorcycle accident rate at PROTON and as in ASEAN.
a result of the training given, the accident rate has Penyelidikan berterusan untuk
dropped from 7 fatal cases in 1996 to just 3 cases in mempertingkatkan produk
1999. kami menggunakan 4 Poster
Road Simulator, satu-satunya
di ASEAN.
THE ENVIRONMENT
3 Stringent QC check on
As a responsible corporate citizen, PROTON has also
stamped body panels.
taken proactive steps to ensure that our technological
Pemeriksaan Kualiti yang ketat
advancement is in line with the concept of sustainable pada panel badan kereta.
development. PROTON’s car manufacturing processes
have been designed to be environmental friendly and
in compliance with internationally accepted methods.
In addition to doing away with the use of CFC, a

significant number of parts and components used
today by PROTON in the cars it manufactures are now
recyclable. Waste is strictly managed by methods that
are approved by the Department of Environment (DOE).
3 4
4 Welding of Waja utilizing 5 Construction of full scale 6 Medium Volume Factory, ASEAN’s
most advanced plant, has a Automatic
state-of-the-art spot welding prototype at R&D’s very own Line Control system to track each
robotics. Prototype Shop. and every car assembly position by
Mengimpal Waja menggunakan Membina prototaip skel penuh each station in real time.
robot kimpalan spot yang di Bengkel Prototaip R&D. Kilang Pengeluaran Sederhana yang
canggih. paling canggih di ASEAN, mempunyai
sistem kawalan Barisan Automatik
dengan masa terkini untuk
mengesan setiap kedudukan
pemasangan kereta di setiap stesen.
5 6
Sepanjang tahun kewangan, berbagai aktiviti Pasukan ini adalah penggerak dalam
telah diadakan untuk kebajikan dan kebaikan mengurangkan kadar kemalangan motosikal
seluruh kakitangan dalam pembangunan di kalangan kakitangan di PROTON dan hasil
rohani, fisikal dan profesional. Aktiviti-aktiviti daripada latihan-latihan tersebut, kadar
ini termasuklah syarahan, kursus motivasi, kemalangan telah menurun dari 7 kes
anugerah perkhidmatan 10 tahun, carian harta kematian pada tahun 1996 kepada 3 kes
karun, lawatan ke kawasan-kawasan rekreasi, sahaja pada tahun 1999.
karnival sukan dan program kebajikan.
Sebagai sebuah masyarakat korporat yang ALAM SEKITAR

penyayang, program kakitangan PROTON Sebagai warga korporat yang
telah dipanjangkan kepada orang ramai bertanggungjawab, PROTON telah
dengan menggunakan kemahiran dalaman mengambil langkah-langkah proaktif bagi
untuk menggalakkan kehidupan yang lebih memastikan kemajuan teknologi kami adalah
sempurna di kalangan rakyat Malaysia. selari dengan konsep perkembangan
berlanjutan. Proses pengeluaran kereta
Sebagai contoh, Pasukan Penunggang Defensif PROTON telah direkabentuk supaya mesra
Motosikal PROTON yang telah menggunakan alam sekitar dan mematuhi kaedah-kaedah
kemahiran mereka untuk menggalakkan yang diterima pakai di tahap antarabangsa.
teknik menunggang yang selamat dan
kesedaran keselamatan jalan raya di kalangan Dalam usaha tidak menggunakan
penunggang motosikal. Tahun ini, pasukan ‘Cloroflorocarbon’ (CFC), banyak bahagian
ini telah meraikan sesi latihan yang ke 100. dan komponen kereta yang digunakan oleh
Sejak ditubuhkan pada Mei 1997, pasukan PROTON kini boleh dikitar semula.
ini telah melatih lebih daripada 2,000 Pengendalian sisa diuruskan secara teratur
penunggang motosikal, kebanyakan daripada melalui kaedah-kaedah yang diluluskan oleh
mereka merupakan kakitangan PROTON. Kementerian Alam Sekitar.

30 Perutusan
PENGERUSI
As part of efforts to maintain a green environment,

PROTON also encourages a green and friendly
environment for the factory and there is an on-going
plan to plant five hundred trees and shrubs a year
around the factory in Shah Alam over the next five
years.
At present, PROTON is under going preparations to

acquire the ISO 14000 Environmental Management
System award which has become a recognized
international benchmark for environment standards.
While all these efforts cost PROTON millions of ringgit

a year, it is worth the cost as we believe national 1
development must be balanced with care for the
environment and the world we live in.
CONCLUSION
Before I end, on behalf of the Board of Directors,
I would like to thank our distributors, shareholders,
vendors and other business associates for their
continued support and cooperation. I would also like 1 Waja’s assembly line at the
to express my heartfelt appreciation to the Medium Volume Factory.
Government, particularly the Prime Minister’s Barisan pemasangan Waja di
Department, the Ministry of Finance and the Ministry Kilang Pengeluaran Sederhana.
of International Trade and Industry, for all the advise,
direction and assistance rendered to PROTON during
the tough and turbulent times we underwent.
Last but not least, my appreciation to the

management and employees of PROTON, for their 2 Waja’s new door module
improves quality standards of
continued support and confidence in the Company.
power windows.
We have emerged victorious from the experiences of
Modul pintu baru Waja
the past several years due to your support. mempertingkatkan piawaian
kualiti tingkap kuasa.
The experiences of the past few years have taught us
to be more alert and aware of the challenges that
faces us. I believe that Malaysians have emerged more
resilient and stronger to face future challenges. Given
3 Installation of engine to the
the renewed growth and vigour in the economy, we Waja.
are confident that the future is bright for PROTON Pemasangan enjin Waja.
and the whole automotive industry. We stand on a
threshold of a new era in which have no doubt
PROTON will succeed.
Y.BHG. TAN SRI DATO’ SERI MOHD SALEH BIN SULONG

31
Sebagai sebahagian daripada usaha untuk kami mengharungi masa yang sukar dan
mengekalkan alam sekitar yang hijau, mencabar.
PROTON juga menggalakkan alam sekitar
yang hijau dan mesra bagi kilang dan Tidak ketinggalan juga penghargaan saya
rancangan yang sedang dijalankan untuk kepada pengurusan dan kakitangan
menanam 500 pokok dan tanaman dalam PROTON, di atas sokongan dan kepercayaan
setahun di sekeliling kilang di Shah Alam mereka yang berterusan kepada Syarikat.
dalam tempoh 5 tahun yang akan datang. Hasil dari sokongan tuan-tuan dan puan-
puan, kami telah muncul dengan jayanya
Kini PROTON sedang membuat persiapan dari pengalaman-pengalaman beberapa
untuk mendapatkan anugerah Sistem tahun yang lalu.
2 3
Pengurusan Alam Sekitar ISO 14000 yang Pengalaman itu telah mengajar kami supaya
menjadi pengukur antarabangsa bagi lebih berwaspada dan perihatin dengan
piawaian alam sekitar. cabaran-cabaran yang dihadapi. Saya percaya
rakyat Malaysia telah muncul lebih cekal dan
Kami berpendapat perbelanjaan PROTON tabah dalam menghadapi cabaran masa
yang berharga berjuta ringgit untuk semua hadapan. Di sebalik pertumbuhan dan
usaha ini adalah wajar kerana kami percaya kegiatan ekonomi yang telah pulih, kami
pembangunan negara mesti diimbangkan yakin masa hadapan PROTON dan seluruh
dengan penyayangan pada alam sekitar dan industri automotif adalah cerah. Kini kita
dunia yang kita diami ini. berada di ambang era baru di mana
PROTON akan berjaya tanpa ragu-ragu.
PENUTUP
Bagi pihak ahli Lembaga Pengarah, saya
ingin mengucapkan terima kasih kepada Y.BHG. TAN SRI DATO’ SERI MOHD SALEH
pengedar, pemegang saham, pembekal dan BIN SULONG
rakan niaga yang lain atas sokongan dan
kerjasama mereka yang berterusan. Saya
juga ingin mengucapkan terima kasih
kepada kerajaan, lebih-lebih lagi kepada
Jabatan Perdana Menteri, Kementerian
Kewangan dan Kementerian Perdagangan
Antarabangsa dan Industri atas semua
nasihat, tunjuk ajar dan pertolongan yang
telah diberikan kepada PROTON semasa

32 CORPORATE DIARY 1999/2000 • DIARI KORPORAT 1999/2000
14 APRIL / APRIL 1999 15 MAY / MEI 1999

Launch of Team Proton KR Modenas Prime Minister, Dato Seri Dr Mahathir
Mohamad, formally launches PROTON’s
for the World 500cc Motorcycle
latest Research and Development
Championship at PROTON’s main plant.
facilities at a ceremony witnessed by
Followed by Defensive Driving Session cabinet Ministers, Ambassadors, as well
with Kenny Roberts. as PROTON staff.
Pelancaran Kumpulan Proton KR Fasiliti Penyelidikan & Pembangunan
Modenas untuk “World 500cc (R&D) terbaru PROTON telah
dirasmikan oleh Perdana Menteri, Dato
Motorcycle Championship” di kilang 28 APRIL / APRIL 1999
Seri Dr Mahathir Mohamad dan
PROTON, diikuti dengan sesi Signing of the 4th Collective
disaksikan oleh Menteri-menteri
Agreement (CA) between PROTON and
“Pemanduan Berhemat” oleh kabinet, Duta-duta asing dan juga
its Workers Union by PROTON’s
Kenny Roberts. Chief Executive Officer, Tengku Tan Sri kakitangan PROTON.
Mahaleel Tengku Ariff and
PROTON’s Workers Union President,
Encik Nordin Ahmad.
“Perjanjian Bersama ke-4” (4th Collective
Agreement) antara PROTON dan
Kesatuan Pekerja telah ditandatangani
oleh Ketua Pegawai Eksekutif PROTON,
Tengku Tan Sri Mahaleel Tengku Ariff
dengan Presiden Kesatuan Pekerja
PROTON, Encik Nordin Ahmad.
11 JUNE / JUN 1999 11 JULY / JULAI 1999

The launch of Perdana V6 and Satria Lots of fun at PROTON Family Day at
GTi in Brunei where Worldwide Motor the Wet World Park, Shah Alam.
Sdn. Bhd. is its new distributor. Hari Keluarga PROTON yang diadakan
Perasmian Perdana V6 dan Satria GTi di di Wet World Park, Shah Alam penuh
Brunei di mana “Worldwide Motor dengan keriangan.
Sdn. Bhd.” dilantik sebagai pengedar
barunya. 5 JULY / JULAI 1999
Perdana V6 as the sole official car for
the SEA Games in Negara Brunei
Darulssalam.
Perdana V6 sebagai kereta rasmi untuk
Sukan SEA di Negara Brunei
Darulssalam.
CORPORATE DIARY 1999/2000 (continuation) • 33
DIARI KORPORAT 1999/2000 (sambungan)
24 AUGUST / OGOS 1999

PROTON & Palm Oil Research Institute
Malaysia (PORIM) to collaborate in
producing selected car components
using oil palm.
PROTON & Palm Oil Research Institute
Malaysia (PORIM) bergabung tenaga
12 JULY / JULAI 1999 dalam rancangan pengeluaran 28-29 AUGUST / OGOS 1999
PROTON contributes 5 units of komponen kereta menggunakan bahan PROTON’s annual 300km International
Proton Iswara 1.3L to the Ministry of
minyak kelapa sawit. Merdeka Race saw an overwhelming
Health under its Caring Corporate
60,000 audience.
Citizen Programme.
Acara tahunan PROTON, Lumba
PROTON menyumbangkan 5 unit
Proton Iswara 1.3L kepada Kementerian Merdeka 300km menerima sambutan
Kesihatan di bawah program hangat dengan disaksikan seramai lebih
“Warga Korporat Penyayang”. 60,000 penonton.
4 SEPTEMBER / SEPTEMBER 1999

The launching of PROTON World Tour
to Australia covering Kuala Lumpur-
Cairns-Sydney.
Pelancaran “PROTON World Tour to
Australia” yang meliputi destinasi dari
Kuala Lumpur-Cairns-Sydney.
3 SEPTEMBER / SEPTEMBER 1999 10 SEPTEMBER / SEPTEMBER 1999
Kelab Proton organised a charity PROTON signed a Memorandum of
dinner, “Malam Warna Warni” as part Understanding with Hindustan Motors
of its efforts to raise Education Fund Limited (India), to study the feasibility
for its employees’ children. of assembling PROTON cars in India.
Kelab Proton menganjurkan satu PROTON menandatangani satu
makan malam amal yang bertemakan Memorandum Persefahaman dengan
“Malam Warna Warni” sebagai salah Hindustan Motors Limited (India) bagi
satu usaha membantu tabung pelajaran mengkaji bidang pemasangan kereta
untuk anak kakitangan PROTON. PROTON di India.

34 CORPORATE DIARY 1999/2000 (continuation) •
DIARI KORPORAT 1999/2000 (sambungan)
11 OCTOBER / OKTOBER 1999 18-21 NOVEMBER / NOVEMBER 1999

PROTON organised a support race, PROTON as the presenting sponsor for
“PROTON Production Car Challenge” in the World Cup Golf ’99 held at The
conjunction with the PETRONAS Mines Resort City.
Malaysian Grand Prix. PROTON sebagai penaja kepada
PROTON menganjurkan satu “World Cup Golf ’99” yang diadakan di
perlumbaan sokongan, “PROTON The Mines Resort City.
Production Car Challenge” sempena 13 OCTOBER / OKTOBER 1999
perlumbaan PETRONAS Malaysian PROTON handed over 9 Protons
comprising 7 Perdana V6 and
Grand Prix.
2 Satria GTi for transport use of team
Red Bull Sauber PETRONAS in the
PETRONAS Malaysian Grand Prix.
PROTON menyerahkan 9 buah kereta
Proton yang terdiri daripada
7 buah Perdana V6 dan 2 buah Satria
GTi kepada Kumpulan Red Bull Sauber
PETRONAS sebagai kegunaan kumpulan
itu sempena PETRONAS Malaysian
Grand Prix.
6 DECEMBER / DISEMBER 1999 8 MAY / MEI 2000

Official visit by Seri Paduka Baginda
Introduction of PROTON’s latest model,
Yang di Pertuan Agong Sultan
Sallahuddin and Permaisuri Agong the Proton Waja and its new corporate
Tuanku Siti Aishah followed by the
logo by Prime Minister Dato Seri
launching of Proton Wira 1.6 litre
Special Millennium Edition by Seri Dr Mahathir Mohamad.
Paduka Baginda Yang di Pertuan
Pengenalan kereta modal terbaru,
Agong Sultan Sallahuddin.
Sempena dengan kunjungan rasmi oleh Proton Waja dan logo korporat oleh
Seri Paduka Baginda Yang di Pertuan
21 MARCH / MAC 2000 Perdana Menteri Dato Seri Dr Mahathir
Agong Sultan Sallahuddin dan
Permaisuri Agong Tuanku Siti Aishah, PROTON and the International Islamic Mohamad.
Baginda telah berkenan merasmikan
University Malaysia (IIUM) signed an
pelancaran Proton Wira 1.6 liter Edisi
Milenium Istimewa. MoU to exchange engineering R&D
capabilities.
PROTON menandatangani
memorandum persefahaman dengan
Universiti Islam Antarabangsa Malaysia
dalam usahasama kejuruteraan dalam
bidang penyelidikan dan
pembangunan.
SHAREHOLDINGS STATISTICS • STATISTIK PEMEGANG SAHAM 35
as at 21 July 2000 • pada 21 Julai 2000
Analysis of Shareholding / Analisis Pemegang Saham

Shareholders
Pemegang Saham Shares / Saham
Size of Shareholding Number Percentage Number Percentage
Saiz Pegangan Jumlah Peratus Jumlah Peratus
1 – 499 60 0.6234 7,691 0.0014
500 – 5,000 8,649 89.8691 13,493,388 2.4863
5,001 – 10,000 401 4.1667 3,357,000 0.6186
10,001 – 100,000 371 3.8550 12,177,040 2.2437
100,001 – 1,000,000 114 1.1845 37,647,181 6.9368
Above / Ke atas – 1,000,000 29 0.3013 476,033,700 87.7132
9,624 100 542,716,000 100
Substantial Shareholders / Pemegang Saham Utama

Name Shareholding Percentage
Nama Pegangan Saham Peratus
1. HICOM Holdings Berhad 147,589,000 27.20
2. Khazanah Nasional Berhad 97,497,000 17.96
3. Employees Provident Fund Board 59,830,000 11.02
4. Mitsubishi Corporation 43,564,000 8.03
5. Mitsubishi Motors Corporation 43,564,000 8.03
6. Skim Amanah Saham Bumiputera 20,400,000 3.76
7. Kingdom 5-KR-52 Ltd. 16,271,000 2.99
8. Lembaga Tabung Haji 10,844,000 2.00
As Bare Trustee / Sebagai “Bare Trustee”
1. Universal Trustee (M) Bhd. 137,139,000 25.27
2. Citicorp Nominees (Asing) Sdn. Bhd. 68,290,000 12.58
3. Cartaban Nominees (Asing) Sdn. Bhd. 49,254,049 9.08
Twenty Largest Shareholders / Dua Puluh Pemegang Saham Terbesar

Name Shareholding Percentage
Nama Pegangan Saham Peratus
1. Universal Trustee (Malaysia) Berhad 136,389,000 25.13
(HICOM Holdings Berhad)
2. Khazanah Nasional Berhad 97,497,000 17.96
3. Employees Provident Fund Board 59,830,000 11.02
(Mitsubishi Corporation)
5. Cartaban Nominees (Asing) Sdn. Bhd. 43,564,000 8.03
(Mitsubishi Motors Corporation)
6. Amanah Raya Nominees (Tempatan) Sdn. Bhd. 20,400,000 3.76
(Skim Amanah Saham Bumiputera)
(Kingdom 5-KR-52-Ltd.)
8. Lembaga Tabung Haji 10,844,000 2.00
9. Perecom Industries Sdn. Bhd. 7,444,000 1.37
10. Permodalan Nasional Berhad 6,489,000 1.20
11. Bank Simpanan Nasional 6,020,000 1.11
(United Saudi Bank)
13. HICOM Holdings Berhad 3,756,000 0.69
14. Amanah Raya Nominees (Tempatan) Sdn. Bhd. 3,647,000 0.67
(Amanah Saham Wawasan 2020)
15. Lembaga Tabung Angkatan Tentera 3,228,000 0.59
16. Overseas Assurance Corporation (Malaysia) Bhd. 2,725,000 0.50
17. Lembaga Kemajuan Tanah Persekutuan (FELDA) 2,106,000 0.39
18. Pertubuhan Keselamatan Sosial 2,000,000 0.37
19. BBMB Securities Nominees (Tempatan) Sdn. Bhd. 1,802,000 0.33
(Petroliam Nasional Berhad)
20. Yayasan Sarawak 1,701,000 0.31

36 PROPERTIES OWNED BY PROTON GROUP as at 31 March 2000 •
HARTA MILIK KUMPULAN PROTON pada 31 Mac 2000
Net Book Value

Location Description Tenure Age of RM Million
Jenis Property Nilai Buku Bersih
Lokasi Keterangan Hakmilik Usia Harta RM Juta
Properties Owned by Company / Harta Milik Syarikat

No. H.S.(D) 71311, No. P.T. 82, Land with an area of Freehold 15 Years Land : 68.4
Mukim of Damansara, 6,231,080 sq. ft. with main Buildings : 327.1
District of Petaling, office, main factory, engine
Selangor Darul Ehsan. factory, medium volume
(Formerly, HICOM Industrial factory, canteen buildings,
Estate encompassing part of sports facilities and additional
Lots 563, 564, 568, 570 and R&D laboratories building.
Lot 15, Mukim of Damansara, Total built-up area is
District of Petaling, 2,594,603 sq. ft.
Selangor Darul Ehsan).
Bil. H.S.(D) 71311, Bil. P.T. 82, Tanah dengan keluasan Hakmilik 15 Tahun Tanah : 68.4
Mukim Damansara, 6,231,080 kaki persegi dan bebas Bangunan : 327.1
Daerah Petaling, mempunyai pejabat utama,
Selangor Darul Ehsan. kilang utama, kilang enjin,
(Dahulunya, Kawasan kilang kapasiti sederhana,
Perindustrian HICOM kantin, kemudahan rekreasi
merangkumi sebahagian sukan dan bangunan
daripada Lot-lot 563, 564, tambahan untuk makmal R&D.
568, 570 dan Lot 15, Keluasan tapak binaan adalah
Mukim Damansara, 2,594,603 kaki persegi.
Daerah Petaling,
HICOM Industrial Estate 3 units of flats currently Freehold 15 Years Flats : 0.1
encompassing Lot 572, rented out for use as shops,
Mukim of Damansara, kindergarten and store.
District of Petaling,
Selangor Darul Ehsan.
Kawasan Perindustrian HICOM 3 unit rumah pangsa yang Hakmilik 15 Tahun Rumah
merangkumi Lot 572, disewakan untuk kegunaan bebas pangsa : 0.1
Mukim Damansara, seperti kedai, tadika dan stor.
Daerah Petaling,
No. H.S.(D) 71309, No. P.T. 80, Land having an area of Freehold 6 Years Land : 2.6
Mukim of Damansara, 158,107 sq. ft. used as the
District of Petaling, car park for production cars.
(Formerly, HICOM Industrial
Estate encompassing
Lot 568 Grant No. 5941,
H.S.(D) 22208, No. P.T. 5115,
H.S.(D) 22207, No. P.T. 5116,
Mukim of Damansara,
PROPERTIES OWNED BY PROTON GROUP as at 31 March 2000 (continuation) • 37
HARTA MILIK KUMPULAN PROTON pada 31 Mac 2000 (sambungan)
Net Book Value

Bil. H.S.(D) 71309, Bil. P.T. 80, Tanah dengan keluasan Hakmilik 6 Tahun Tanah : 2.6
Mukim Damansara, 158,107 kaki persegi yang bebas
Daerah Petaling, digunakan untuk tempat
Selangor Darul Ehsan. letak kereta pengeluaran.
(Dahulunya, Kawasan
Perindustrian HICOM
merangkumi Lot 568
Bil. Geran 5941, H.S.(D) 22208,
Bil. P.T. 5115, H.S.(D) 22207,
Bil. P.T. 5116, Mukim Damansara,
Daerah Petaling,
Lot 25, HICOM Glenmarie Land with an area of Freehold 6 Years Land : 20.6
Industrial Park, 1,036,728 sq. ft. with office, Buildings : 51.0
Mukim of Damansara, factory and canteen buildings
District of Petaling, and sports facilities used for
Selangor Darul Ehsan. the Casting Plant. Total
built-up area is 194,579 sq. ft.
Lot 25, Taman Perindustrian Tanah dengan keluasan Hakmilik 6 Tahun Tanah : 20.6
HICOM Glenmarie, 1,036,728 kaki persegi dengan bebas Bangunan : 51.0
Mukim Damansara, bangunan pejabat, kilang dan
Daerah Petaling, kantin serta kemudahan
Selangor Darul Ehsan. rekreasi sukan untuk
kegunaan Kilang Acuan.
Keluasan tapak binaan
adalah 194,579 kaki persegi.
No. H.S.(D) 86554, Land with an area of Freehold 6 Years Land : 54.9
No. P.T. 257 encompassing 2,396,727 sq. ft. adjoining the Track &
Lot 54, 60 and 62, Company’s northern boundary Buildings : 32.7
Sime UEP Industrial Park, housing the semi-high speed
Mukim of Damansara, test track and control
District of Petaling, building. Total built-up area
Selangor Darul Ehsan. is 2,102,731 sq. ft.
Bil. H.S.(D) 86554, Tanah dengan keluasan Hakmilik 6 Tahun Tanah : 54.9
Bil. P.T. 257 merangkumi 2,396,727 kaki persegi yang bebas Trek &
Lot 54, 60 dan 62, bersempadan dengan Bangunan : 32.7
Taman Perindustrian Sime UEP, bahagian utara Syarikat
Mukim Damansara, dengan trek ujian separa laju
Daerah Petaling, serta bangunan kawalan.
Selangor Darul Ehsan. Jumlah keluasan tapak binaan
adalah 2,102,731 kaki persegi.

38 PROPERTIES OWNED BY PROTON GROUP as at 31 March 2000 (continuation) •
Net Book Value

No. H.S.(D) 86596/97 and Industrial land with an area Freehold 5 Years Land : 31.2
86555/57 encompassing of 780,767 sq. ft. to be used
Lot 5, 7, 14 and 18, to construct “Centre of
No. P.T. 299, 300, 258 & 260, Excellence”.
Sime UEP Industrial Park,
Mukim of Damansara,
Bil. H.S.(D) 86596/97 dan Tanah perindustrian dengan Hakmilik 5 Tahun Tanah : 31.2
86555/57 merangkumi keluasan 780,767 kaki persegi bebas
Lot 5, 7, 14 dan 18, untuk pembinaan “Centre
Bil. P.T. 299, 300, 258 & 260, of Excellence”.
Taman Perindustrian Sime UEP,
Mukim Damansara,
Daerah Petaling,
No. H.S.(D) B.P. 5653 and 5654, Industrial land with an area Freehold 3 Years Land : 1.0
No. P.T. 16162 and 10163, of 55,444,116 sq. ft. for the
District of Batang Padang, construction of a second
Mukim of Ulu Bernam Timur, automobile plant.
Perak Darul Ridzuan.
No. H.S.(D) B.P. 5653 dan 5654, Tanah perindustrian dengan Hakmilik 3 Tahun Tanah : 1.0
No. P.T. 16162 dan 10163, keluasan 55,444,116 kaki bebas
Daerah Batang Padang, persegi untuk pembinaan
Mukim Ulu Bernam Timur, kilang otomobil kedua.
Perak Darul Ridzuan.
Properties Owned by Proton Properties Sdn. Bhd. / Harta Milik Proton Properties Sdn. Bhd.
No. H.S.(D) No. 71662, 6 units of 3-bedroom Seri Freehold 5 Years Apartments: 1.1
No. P.T. 439, Hijauan apartments with a
Mukim of Damansara, total built-up area of
District of Petaling, 6,522 sq. ft.
Selangor Darul Ehsan. D-13-17 of East Wing,
D-5-24 of East Wing,
B-4-01 of West Wing,
B-5-01 of West Wing,
A-10-01 of North Wing,
A-11-01 of North Wing.
Bil. H.S.(D) No. 71662, 6 unit pangsapuri 3 bilik Hakmilik 5 Tahun Pangsapuri: 1.1
Bil. P.T. 439, Seri Hijauan dengan jumlah bebas
Mukim Damansara, keluasan tapak binaan
Daerah Petaling, 6,522 kaki persegi
Selangor Darul Ehsan. D-13-17 Blok Timur,
D-5-24 Blok Timur,
B-4-01 Blok Barat,
B-5-01 Blok Barat,
A-10-01 Blok Utara,
A-11-01 Blok Utara.
Net Book Value

No. H.S.(D) 60042-60052, Land with an area of Freehold 5 Years Land : 2.7
P.T. 64566-64576, approximately 315,597 Buildings : 31.3
District and Mukim of Klang, sq. ft. used to develop (Construction
Selangor Darul Ehsan. medium cost apartments for in progress)
employees of PROTON Group.
Bil. H.S.(D) 60042-60052, Tanah dengan anggaran Hakmilik 5 Tahun Tanah : 2.7
P.T. 64566-64576, keluasan 315,597 kaki persegi bebas Bangunan : 31.3
Daerah dan Mukim Klang, untuk pembangunan (Pembinaan
Selangor Darul Ehsan. pangsapuri kos sederhana dalam
untuk pekerja-pekerja perlaksanaan)
Kumpulan PROTON.
Ref. AV 103520 on No. 7 2-storey bungalow with a Full title 5 Years Land &
Woodside Garden, built-up area of 2,551 sq. ft. guarantee House : 0.6
Portished, Bristol BS20 8EQ, rented to a sister company,
England. Proton Cars (UK) Ltd.
Ruj. AV 103520 di No. 7 Rumah banglo 2 tingkat Hakmilik 5 Tahun Tanah &
Woodside Garden, dengan keluasan tapak bebas Rumah : 0.6
Portished, Bristol BS20 8EQ, binaan 2,551 kaki persegi
England. disewakan kepada Proton
Cars (UK) Ltd.
No. H.S.(D) 663616/63620, 2 units Block Nos. 41 & 42 Freehold 2 Years Land &
P.T. 616/621 both in of five-storey low cost Buildings : 3.6
Mukim of Damansara, apartments with 69 units
District of Petaling, per block.
Bil. H.S.(D) 663616/63620, 2 unit Blok No. 41 & 42 Hakmilik 2 Tahun Tanah &
P.T. 616/621 kedua-duanya pangsapuri lima tingkat bebas Bangunan : 3.6
di dalam Mukim Damansara, kos rendah mengandungi
Daerah Petaling, 69 unit kediaman seblok.
Properties Owned by Proton Cars (UK) Ltd. / Harta Milik Proton Cars (UK) Ltd.
Ref. AV 217616 and Two parcels of land with a Long 8 Years Land : 14.3
AV 218023 on the east side total area of approximately leasehold Buildings : 25.1
of Portbury, Dock Road, 1,497,593 sq. ft. with the of 150
Portbury, Bristol Avon, head office and import years
England. centre buildings and car (Year of
and storage area of Proton Cars expiry:
Ref. AV 218024, AV 219325 (UK) Ltd. 2141)
and AV 213537 on the east
side of Marsh Lane, near
Easton in Gordano, Bristol
Avon BS20 OPN, England.

40 PROPERTIES OWNED BY PROTON GROUP as at 31 March 2000 (continuation) •
Net Book Value

Ruj. AV 217616 dan Dua bidang tanah dengan Pajakan 8 Tahun Tanah : 14.3
AV 218023 di sebelah timur anggaran jumlah keluasan jangka Bangunan : 25.1
Portbury, Dock Road, 1,497,593 kaki persegi panjang
Portbury, Bristol Avon, dengan bangunan ibu pejabat 150 tahun
England. dan pusat import serta (Tahun
dan kawasan simpanan kereta habis
Ruj. AV 218024, AV 219325 Proton Cars (UK) Ltd. tempoh:
dan AV 213537 di sebelah 2141)
timur Marsh Lane,
berhampiran Easton di
Gordano, Bristol Avon
BS20 OPN, England.
Ref. AV 915, Units 1-3, Land with an area of Freehold 24 Years Land &
Crawley Way, Avonmouth, 162,479 sq. ft. with a parts buildings : 6.1
Bristol Avon BS11 9YR, warehouse building.
England.
Ruj. AV 915, Unit 1-3, Tanah dengan keluasan Hakmilik 24 Tahun Tanah &
Crawley Way, Avonmouth, 162,479 kaki persegi dengan bebas bangunan : 6.1
Bristol Avon BS11 9YR, bangunan gudang alatganti.
England.
Properties Owned by Proton Parts Centre Sdn. Bhd. / Harta Milik Proton Parts Centre Sdn. Bhd.
Lot 91, HICOM Glenmarie Land with an area of Freehold 7 Years Land : 10.2
Industrial Park, 512,266 sq. ft. with office Buildings : 18.8
Mukim of Damansara, and warehouse. Total
District of Petaling, built-up area is 200,000 sq. ft.
Lot 91, Taman Perindustrian Tanah dengan keluasan Hakmilik 7 Tahun Tanah : 10.2
HICOM Glenmarie, 512,266 kaki persegi dengan bebas Bangunan : 18.8
Mukim Damansara, bangunan pejabat dan gudang.
Daerah Petaling, Keluasan tapak binaan
Selangor Darul Ehsan. adalah 200,000 kaki persegi.
Net Book Value

Property Owned by Proton Corporation Sdn. Bhd. / Harta Milik Proton Corporation Sdn. Bhd.
Lot No. 23 & 24, Industrial land with an area Long 2 Years Land : 10.9
Section 7 Phase 1A, of approximately 670,824 leasehold
Pulau Indah Industrial Park, sq. ft. used to warehouse of 99 years
Westport, Pelabuhan Klang, production export car. (Year of
Selangor Darul Ehsan. expiry:
2097)
Lot No. 23 & 24, Tanah perindustrian dengan Pajakan 2 Tahun Tanah : 10.9
Seksyen 7 Fasa 1A, anggaran keluasan 670,824 jangka
Taman Perindustrian kaki persegi untuk gudang panjang
Pulau Indah, Pelabuhan Barat, penempatan kereta-kereta 99 tahun
Pelabuhan Klang, eksport. (Tahun
Selangor Darul Ehsan. habis
tempoh:
2097)
Properties Owned by Lotus Cars Ltd. (UK) / Harta Milik Lotus Cars Ltd. (UK)
Land adjacent to Two parcels of land with a Freehold 34 Years Land : 11.6
Potash Lane, Hethel, total area of 6,286,550 sq. ft. Buildings : 100.2
Norwich, Norfolk NR 14 8EZ, with the factory, engineering
England. facilities, offices and test
track of Lotus Group
and International Ltd. Total
built-up area is 570,440 sq. ft.
Land north of Browick Road, An additional new building Building : 8.8
Hethel, Norwich, with an area of 32,000 sq. ft. (Construction
Norfolk NR 14 8EZ, England. is included in assets in in progress)
course of construction.
Tanah di sebelah Dua bidang tanah dengan Hakmilik 34 Tahun Tanah : 11.6
Potash Lane, Hethel, jumlah keluasan 6,286,550 bebas Bangunan : 100.2
Norwich, Norfolk NR 14 8EZ, kaki persegi dengan kilang,
England. kemudahan kejuruteraan,
pejabat dan trek ujian
dan Lotus Group International Ltd.
Jumlah keluasan tapak binaan
ialah 570,440 kaki persegi.
Tanah di utara Browick Road, Termasuk di dalam harta Bangunan : 8.8
Hethel, Norwich, dalam pembinaan ialah (Pembinaan
Norfolk NR 14 8EZ, England. sebuah bangunan baru dalam
dengan keluasan 32,000 perlaksanaan)
kaki persegi.

Financial Statements
Directors’ Report 43 Notes to The Accounts 52
Profit and Loss Accounts 48 Statement by Directors 80
Balance Sheets 49 Declaration 80
Consolidated Cash Flow Statement 50 Report of the Auditors 81

DIRECTORS’ REPORT 43
The Directors have pleasure in submitting their report together with the audited accounts of the Group and
of the Company for the financial year ended 31 March 2000.
PRINCIPAL ACTIVITIES
The Company is principally involved in the manufacturing, assembling and selling of motor vehicles and related
products.
The principal activities of the subsidiary and associated companies are set out in Notes 19 and 20 to the
accounts. There have been no significant changes in the activities of the Group during the financial year.
FINANCIAL RESULTS
Group Company
RM’000 RM’000
Profit after taxation 79,665 91,742

Minority interests (9,071) –
Profit attributable to shareholders 70,594 91,742
DIVIDENDS
The amount of dividends paid or declared by the Company since 31 March 1999 were as follows:
RM’000
In respect of the financial year ended 31 March 1999 as shown in the

Directors’ report of that year:
Final tax exempt dividend of 7.0 sen per ordinary share, paid on 8 September 1999 37,989
In respect of the financial year ended 31 March 2000:
Interim tax exempt dividend of 2.0 sen per ordinary share, paid on 30 December 1999 10,854
The Directors recommend the payment of a final tax exempt dividend of 3.0 sen per ordinary share amounting
to RM16,281,480 for the financial year ended 31 March 2000, subject to the approval of members at the
forthcoming Annual General Meeting of the Company.
RESERVES AND PROVISIONS

There were no material transfers to or from reserves and provisions during the financial year except as
disclosed in the accounts.
SHARE CAPITAL
During the financial year, the Company’s issued and paid-up ordinary share capital was increased from
RM542,705,000 to RM542,716,000 by way of the issue of 11,000 ordinary shares of RM1 each at an issue price
ranging from RM8.00 to RM8.43 per share pursuant to the Employees’ Share Option Scheme. The new shares
rank pari passu in all respects with the existing shares of the Company.
44 DIRECTORS’ REPORT (continuation)
EMPLOYEES’ SHARE OPTION SCHEME

The Perusahaan Otomobil Nasional Berhad Employees’ Share Option Scheme (‘the Scheme’) came into effect on
29 March 1993. The main features of the Scheme are:
(a) Eligible employees are those who have been confirmed with at least one year of continuous service in the
Group or a director of the Company holding executive position, whose specific entitlement under the
Scheme has been approved by the Company in a General Meeting.
(b) The options offered may be exercised at any time within the option period except for certain periods as
determined by the Employees’ Share Option Scheme Committee. Following an Extraordinary General
Meeting on 7 September 1995, the exercise period for the options was extended for an additional 5 years
to 11 March 2003.
(c) The options may be exercised in full or in any lesser number provided that the number shall be in
multiples of 1,000 shares and that the option exercise price is paid within the option period.
(d) The price at which the employees are offered to take up shares under the Scheme is the average of the
mean market quotation (calculated as the average of the highest and lowest prices as traded on the Kuala
Lumpur Stock Exchange (‘KLSE’) for the day) of the shares as shown in the daily official list issued by the
KLSE for the five market days preceding the respective dates of offer of the options.
No options were granted during the financial year.
During the financial year, 11,000 ordinary shares were issued by virtue of the exercise of options under the
Scheme at prices ranging from RM8.00 to RM8.43 per share.
As at 31 March 2000, there were 6,030,000 (1999: 6,041,000) unissued ordinary shares of RM1 each under
options granted pursuant to the Scheme.
DIRECTORS
The Directors who have held office during the period since the date of the last report are:
Alternate director
Y. Bhg. Tan Sri Dato’ Seri Mohd Saleh bin Sulong
Y. M. Tengku Tan Sri Mahaleel bin Tengku Ariff
Y. Bhg. Datuk Kisai bin Rahmat
Y. Bhg. Dato’ Mohd. Nadzmi bin Mohd. Salleh
Encik Abbas bin Mehad
Y. Bhg. Dato’ Maznah bte Abdul Jalil
Mr Kelvin Chong Mong Yuen
Y. Bhg. Datuk Dr. Syed Muhamad bin Syed Abdul Kadir Puan Siti Halimah bte Ismail
Tuan Haji Faisal @ Ibrahim bin Siraj
Mr Kenji Matsuo Mr Masaharu Iwata
Mr Masao Miyamoto (appointed on 1.6.2000) Mr Shigenobu Nishida (appointed on 1.6.2000)
Mr Takeshi Ota (appointed on 11.7.2000)
Mr Atsushi Saruhashi (appointed on 11.7.2000) Mr Fumio Yoshimi (appointed on 17.7.2000)
Mr Yoshikazu Hori (resigned on 1.6.2000) Mr Shigenobu Nishida (resigned on 1.6.2000)
Mr Mikitoshi Ukita (resigned on 27.6.2000)
Mr Yoshisuke Kondo (resigned on 27.6.2000) Mr Junichi Murakami (resigned on 15.7.1999)
Mr Fumio Yoshimi
(appointed on 15.7.1999, resigned on 27.6.2000)
DIRECTORS’ REPORT (continuation) 45
DIRECTORS (continuation)
Pursuant to Article 103 of the Company’s Articles of Association, Tuan Haji Faisal @ Ibrahim bin Siraj,
Mr Kenji Matsuo and Y. Bhg. Datuk Kisai bin Rahmat retire at the forthcoming Annual General Meeting, and
being eligible, offer themselves for re-election.
Pursuant to Article 110 of the Company’s Articles of Association, Mr Masao Miyamoto, Mr Takeshi Ota and
Mr Atsushi Saruhashi retire at the forthcoming Annual General Meeting, and being eligible, offer themselves
for election.
DIRECTORS’ BENEFITS
During and at the end of the financial year, no arrangements subsisted to which the Company is a party, with
the object or objects of enabling Directors of the Company to acquire benefits by means of the acquisition of
shares in or debentures of the Company or any other body corporate, except for the share options granted to
Directors of the Company pursuant to the Perusahaan Otomobil Nasional Berhad Employees’ Share Option
Scheme.
Since the end of the previous financial year, no Director has received or become entitled to receive a benefit
(other than benefits disclosed as Directors’ emoluments in Note 4 to the accounts) by reason of a contract
made by the Company or a related corporation with the Director or with a firm of which the Director is a
member, or with a company in which the Director has a substantial financial interest.
DIRECTORS’ INTERESTS
According to the Register of Directors’ shareholdings, the interests of Directors in office at the end of the
financial year in shares in the Company were as follows:
(a) Shareholdings
Number of ordinary shares of RM1 each

As at As at
1.4.1999 Acquired Disposed 31.3.2000
Y. Bhg. Tan Sri Dato’ Seri

Mohd Saleh bin Sulong 147,589,000* – – 147,589,000
Y. Bhg. Dato’ Mohd. Nadzmi
bin Mohd. Salleh 30,000 – (23,000) 7,000
Y. Bhg. Datuk Kisai bin Rahmat 10,000 – (10,000) –
Encik Abbas bin Mehad 7,000 – – 7,000
* Shares in which the Director is deemed to have an interest.
Y. Bhg. Tan Sri Dato’ Seri Mohd Saleh bin Sulong, by virtue of his interest in shares in the Company is
deemed to have an interest in shares of all subsidiary and associated companies of the Company to the
extent the Company has an equity interest.
46 DIRECTORS’ REPORT (continuation)
DIRECTORS’ INTERESTS (continuation)

(b) Share options
Options over ordinary shares of RM1 each

As at As at
1.4.1999 Offered Exercised 31.3.2000

bin Tengku Ariff 220,000 – – 220,000
Y. Bhg. Datuk Kisai bin Rahmat 50,000 – – 50,000
No other Director in office at the end of the financial year held any interest in shares in the Company and its
related corporations.
STATUTORY INFORMATION ON THE ACCOUNTS

Before the profit and loss accounts and balance sheets of the Group and of the Company were made out, the
Directors took reasonable steps:
(a) to ascertain that action had been taken in relation to the writing off of bad debts and the making of
provision for doubtful debts, and satisfied themselves that all known bad debts had been written off and
that adequate provision had been made for doubtful debts; and
(b) to ensure that any current assets, other than debts, which were unlikely to realise in the ordinary course
of business their value as shown in the accounting records of the Group and of the Company had been
written down to an amount which they might be expected so to realise.
At the date of this report, the Directors are not aware of any circumstances:
(a) which would render the amounts written off for bad debts or the amount of the provision for doubtful
debts, in the accounts of the Group and of the Company inadequate to any substantial extent; or
(b) which would render the values attributed to current assets in the accounts of the Group and of the
Company misleading; or
(c) which have arisen which render adherence to the existing method of valuation of assets or liabilities of
the Group and of the Company misleading or inappropriate.
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 financial year which, in the opinion of the Directors, will or may
substantially affect the ability of the Group and of the Company to meet their obligations when they fall due.
At the date of this report, there does not exist:
(a) any charge on the assets of the Group and of the Company which has arisen since the end of the financial
year which secures the liability of any other person; or
(b) any contingent liability of the Group and of the Company which has arisen since the end of the financial
year.
DIRECTORS’ REPORT (continuation) 47
OTHER STATUTORY INFORMATION

At the date of this report, the Directors are not aware of any circumstances not otherwise dealt with in this
report or the accounts which would render any amount stated in the accounts misleading.
In the opinion of the Directors:
(a) the results of the Group’s and of the Company’s operations during the financial year were not substantially
affected by any item, transaction or event of a material and unusual nature except as disclosed in Note
35 to the accounts; and
(b) there has not arisen in the interval between the end of the financial year and the date of this report any
item, transaction or event of a material and unusual nature likely to affect substantially the results of the
operations of the Group or the Company for the financial year in which this report is made.
AUDIT COMMITTEE
The members of the Audit Committee are:
Mr Kelvin Chong Mong Yuen (Chairman/Independent non-executive director)

Y. Bhg. Dato’ Maznah bte Abdul Jalil (Independent non-executive director)
Y. Bhg. Datuk Dr. Syed Muhamad bin Syed Abdul Kadir (Independent non-executive director)
The functions of the Audit Committee are to review accounting policies, internal controls and annual accounts
of the Company and its subsidiaries on behalf of the Board of Directors.
In performing its function, the Audit Committee reviewed the overall scope of both internal and external
audits. The Audit Committee met with the Company’s internal auditors and the statutory auditors to discuss
the results of their respective examinations and their evaluation of the system of internal accounting controls
of the Company.
The Audit Committee also reviewed the accounts of the Group and of the Company prior to their submission
to the Board of Directors for adoption.
The Audit Committee has recommended to the Board of Directors that PricewaterhouseCoopers, be nominated
for re-appointment as auditors at the forthcoming Annual General Meeting of the Company.
YEAR 2000
After having taken remedial action on all hardware, software and communication systems to provide for Year
2000 readiness, the Group and the Company had a smooth rollover to the Year 2000 and have not encountered
any material adverse effects on their operations to-date.
AUDITORS
The auditors, PricewaterhouseCoopers, have expressed their willingness to continue in office.
On behalf of the Board
TAN SRI DATO’ SERI MOHD SALEH BIN SULONG TENGKU TAN SRI MAHALEEL BIN TENGKU ARIFF
Chairman Chief Executive Officer
Shah Alam
25 July 2000
48 PROFIT AND LOSS ACCOUNTS
for the financial year ended 31 March 2000
Group Company
Note 2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
TURNOVER 3 6,496,724 4,075,040 5,399,636 3,039,314
OPERATING PROFIT 4 69,705 66,449 127,098 102,272
SHARE OF PROFITS LESS LOSSES OF

ASSOCIATED COMPANIES 70,806 32,509 – –
SHARE OF PROFITS LESS LOSSES OF

JOINT VENTURE COMPANIES 807 – – –
PROFIT BEFORE TAXATION 141,318 98,958 127,098 102,272
TAXATION 5 (61,653) (4,180) (35,356) –
PROFIT AFTER TAXATION 79,665 94,778 91,742 102,272
MINORITY INTERESTS (9,071) (27,946) – –
PROFIT ATTRIBUTABLE TO
SHAREHOLDERS 70,594 66,832 91,742 102,272
DIVIDENDS 6 (27,136) (37,989) (27,136) (37,989)
RETAINED PROFIT FOR THE YEAR 24 43,458 28,843 64,606 64,283
EARNINGS PER SHARE 7 13.0 sen 12.3 sen
The notes on pages 52 to 79 form part of these accounts.

BALANCE SHEETS 49
as at 31 March 2000
Group Company
Note 2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
CURRENT ASSETS
Inventories 8 660,808 713,078 303,097 348,570
Debtors 9 720,694 464,105 375,099 269,409
Amounts due from subsidiary
companies 10 – – 192,824 413,831
Amounts due from associated
companies 11 150,480 278,420 140,085 280,236
Short term investments 12 160,210 147,162 160,210 147,162
Bank and cash balances and deposits 13 1,473,487 1,566,366 1,416,076 1,490,539
3,165,679 3,169,131 2,587,391 2,949,747
CURRENT LIABILITIES
Creditors 14 1,776,079 1,648,474 1,061,241 1,271,920
Amounts due to subsidiary
companies 15 – – 371 1,407
Amounts due to associated
companies 16 19,685 11,130 19,537 11,130
Taxation 146,261 432,482 136,405 423,118
Short term borrowings 17 239,217 166,356 64,606 86,582
Proposed dividends 16,282 37,989 16,282 37,989
2,197,524 2,296,431 1,298,442 1,832,146
NET CURRENT ASSETS 968,155 872,700 1,288,949 1,117,601

FIXED ASSETS 18 2,124,524 2,122,156 1,754,582 1,833,282
INTEREST IN SUBSIDIARY COMPANIES 19 – – 407,050 406,991
INTEREST IN ASSOCIATED COMPANIES 20 187,863 158,706 37,801 42,001
INTEREST IN JOINT VENTURE
COMPANIES 21 568 – – –
LONG TERM INVESTMENTS 22 1,372 2,222 600 1,450
3,282,482 3,155,784 3,488,982 3,401,325
FINANCED BY:
SHARE CAPITAL 23 542,716 542,705 542,716 542,705

RESERVES 24 2,229,372 2,189,539 2,554,592 2,489,907
SHAREHOLDERS’ FUNDS 2,772,088 2,732,244 3,097,308 3,032,612

MINORITY INTERESTS 57,381 50,420 – –
LONG TERM LIABILITIES 25 368,448 328,368 307,544 324,016
DEFERRED TAXATION 26 84,565 44,752 84,130 44,697
3,282,482 3,155,784 3,488,982 3,401,325

50 CONSOLIDATED CASH FLOW STATEMENT
Note 2000 1999

RM’000 RM’000
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before taxation 141,318 98,958
Adjustments for:
Depreciation of fixed assets 217,797 183,747

Interest expense 34,333 40,768
Interest income (129,401) (145,788)
Loss/(gain) on disposal of fixed assets 3,021 (471)
Share of profits less losses of associated companies (70,806) (32,509)
Share of profits less losses of joint venture companies (807) –
Provision for diminution in value of long term investments 850 –
Write back of provision for diminution in value of
short term investments (10,286) (9,539)
Realised gain on investments (56,785) (8,221)
Provision for doubtful debts 2,097 7,950
Foreign exchange (gain)/loss (6,082) 13,148
Release of provision for project expenditure (144,362) (83,634)
(19,113) 64,409
Decrease in inventories 46,793 450,988

(Increase)/decrease in debtors (258,227) 40,215
Increase in creditors 268,039 238,610
Decrease in associated companies balances 139,011 43,210
176,503 837,432
Taxation paid (292,356) (185,474)
Interest received 132,378 129,441
Interest paid (21,871) (54,124)
Net cash (outflow)/inflow from operating activities (5,346) 727,275

CONSOLIDATED CASH FLOW STATEMENT (continuation) 51
Note 2000 1999

RM’000 RM’000
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of fixed assets (228,871) (362,602)

Additional investment in a subsidiary company – (100,000)
Acquisition of subsidiary company
(net of cash and cash equivalents acquired) 33 (3,800) –
Repayment of advance from associated companies 10,665 –
Purchase of short term investments (259,344) –
Disposal of short term investments 313,367 32,738
Proceeds from disposal of fixed assets 2,675 3,315
Dividends received 14,632 158
Net cash outflow from investing activities (150,676) (426,391)
CASH FLOWS FROM FINANCING ACTIVITIES
Dividends paid (48,843) (38,561)

Proceeds from issuance of share capital 90 –
Proceeds from short term borrowings 714,295 1,448,412
Proceeds from other term loans 74,710 –
Repayment of shareholder’s loans (15,839) (15,229)
Repayment of other term loans (233) –
Finance lease and hire purchase instalments paid (3,059) (4,395)
Repayment of short term borrowings (646,590) (1,584,446)
Net cash inflow/(outflow) from financing activities 74,531 (194,219)
NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS (81,491) 106,665
EXCHANGE RATE EFFECTS (673) (762)
CASH AND CASH EQUIVALENTS AT BEGINNING OF

THE FINANCIAL YEAR 1,530,009 1,424,106
CASH AND CASH EQUIVALENTS AT END OF THE FINANCIAL YEAR 34 1,447,845 1,530,009

52 NOTES TO THE ACCOUNTS
31 March 2000
1. BASIS OF ACCOUNTING
The accounts are prepared under the historical cost convention as modified by the revaluation of certain
freehold land in accordance with the applicable approved accounting standards in Malaysia and comply
with the Companies Act, 1965.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a) Basis of consolidation
The consolidated accounts include the accounts of the Company and its subsidiary companies made
up to the end of the financial year. All subsidiary companies’ accounts are consolidated based on the
acquisition method of accounting. The consolidated profit and loss account includes the results of
subsidiary companies acquired or disposed during the financial year from the date of their acquisition
or up to the date of their disposal, respectively.
(b) Subsidiary companies

Subsidiary companies are those in which the Company has long term equity interest of more than
50% and actively participates in their management.
Investment in subsidiary companies are stated at cost, less provision for any permanent diminution in
value of investment.
(c) Associated companies

An associated company is a company in which the Group has a long term equity interest of between
20% to 50% and where the Group has representation on the Board and is in a position to exercise
significant influence over its financial and operating policy decisions.
The consolidated profit and loss account includes the Group’s share of results of the associated
companies based on its latest audited accounts or management accounts of the companies concerned.
Investment in associated companies are stated at cost, less provision for any permanent diminution in
value of investment.
In the consolidated balance sheet, the Group’s interest in the associated companies is stated at cost
plus the Group’s share of post acquisition results and reserves.
(d) Investments
Investments in which the Group holds a long term equity interest of less than 20% are stated at cost,
less provision for any permanent diminution in value of investments.
Investments held for short term purposes are stated at lower of cost or market value based on a total
portfolio basis.
(e) Goodwill
Goodwill arising on consolidation represents the excess of the purchase price over the fair value of
the net assets of subsidiary companies at the date of acquisition and is written off to reserves in the
financial year of acquisition.
NOTES TO THE ACCOUNTS (continuation) 53
31 March 2000
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continuation)

(f) Fixed assets and depreciation
A piece of freehold land held by the Company is stated at Directors’ valuation based on a 1983
independent professional valuation of the open market value of the land on existing use basis. The
surplus arising on revaluation was credited directly to capital reserves and subsequently utilised.
The Directors have applied the transitional provisions of International Accounting Standards No. 16
(Revised) Property, Plant and Equipment as adopted by Malaysian Accounting Standards Board which
allow the freehold and leasehold land and buildings to be stated at their previous valuations less
depreciation. Accordingly, this valuation has not been updated.
All other land held by the Group and Company are stated at cost. Freehold land and work in progress
are not amortised. All long leasehold land are amortised over the period of their lease term except
for a long leasehold land held by a subsidiary where the leasehold land is not amortised. Non
amortisation of long leasehold land does not comply with International Accounting Standard No. 16
– Property, Plant and Equipment but the effect is not material.
All other fixed assets except for dies and jigs included under plant and machinery, held by the Group
and Company are stated at cost less accumulated depreciation. Depreciation is charged on a straight
line basis to write off the costs of the assets over the term of their estimated useful lives.
The principal annual rates of depreciation used are as follows:

Long leasehold land Over period of lease term of 98 years
Buildings 2% – 2.5%
Plant and machinery 10% – 50%
Office equipment, furniture, fittings and vehicles 10% – 50%
Dies and jigs, included under plant and machinery are depreciated based on the unit of production
basis to write off the cost of the assets over the term of their estimated useful lives which range from
5 to 6 years.
Cost of patents purchased from third parties is amortised in capital instalments over a term of three
years commencing in the year following acquisition.
Interest charges incurred in the period of construction is capitalised and depreciated over the life of
the asset which it is apportioned to.
(g) Land and development expenditure

Included in inventories is land and development expenditure consisting of land held for development
and related development costs common to projects. Developed land is stated at the lower of cost and
net realisable value.
All expenditure incurred on uncompleted projects are capitalised and are included in the balance
sheet as development expenditure.
(h) Leases
Fixed assets acquired under finance leases are included in tangible fixed assets and are amortised in
accordance with Note 2(f) above. Obligations under such agreements are treated as a liability and
finance charges are allocated to the profit and loss account over the lease periods to give a constant
periodic rate of interest on the remaining lease liabilities. Operating lease rentals are charged to the
profit and loss account as incurred.
54 NOTES TO THE ACCOUNTS (continuation)
31 March 2000

(i) Inventories
Inventories are stated at the lower of cost and net realisable value. Cost is determined on a first-in,
first-out basis except for inventories amounting to RM34,432,000 of certain subsidiary companies, in
which the cost is determined on a weighted average method.
In the case of work-in-progress and finished vehicles, an appropriate proportion of production

overheads are included in the costs.
(j) Debtors
Debtors are carried at anticipated realisable value. A provision is made for doubtful debts based on
specific review of outstanding balances at balance sheet date. General provisions are made to cover
possible losses which are not specifically identified. Bad debts are written off during the financial year
in which they are identified.
(k) Research and development expenditure

The costs of general research and development including labour and materials are written off to the
profit and loss account as incurred.
(l) Warranty provision

Provision is made for the estimated liability on all products under warranty in addition to claims
already received. The provision is based on experienced levels of claims arising during the period of
warranty.
(m) Retirement benefits

In addition to the mandatory contributions to the Employees Provident Fund, the Company and
certain subsidiary companies make contributions to approved funds; the HICOM Retirement Benefit
Scheme and Lotus Pension Plan, both of which are defined benefit plans.
(n) Deferred taxation

Provision for deferred taxation is made on the liability method for taxation deferred by capital
allowances and other timing differences, except where the tax effects of such timing differences are
not expected to reverse in the foreseeable future.
(o) Foreign currency transactions

Transactions in foreign currencies during the financial year are translated into Ringgit Malaysia at
rates of exchange approximating those on the transaction dates. Foreign currency assets and liabilities
at the balance sheet date are translated into Ringgit Malaysia at the rates of exchange ruling on that
date. Exchange gains and losses resulting from translation are dealt with through the profit and loss
account.
Results of foreign subsidiary and associated companies are translated into Ringgit Malaysia at average
rates of exchange for the financial year. Assets and liabilities are translated into Ringgit Malaysia, at
the rates of exchange ruling at the balance sheet date. Exchange differences arising from the
translation of the results for the year at average rates and assets and liabilities at year end rates and
the restatement at year end rates of the opening net investments in foreign subsidiary and associated
companies are taken to a foreign currency translation reserve account as a component of
shareholders’ equity.
31 March 2000

(p) Joint venture companies
Interest in joint venture companies are accounted for under the equity method.
(q) Cash and cash equivalents

Cash and cash equivalents comprise bank deposits with maturity periods less than 3 months, bank and
cash balances net of bank overdrafts.
(r) Revenue recognition

Sales are recognised upon delivery of product and customer acceptance. Dividend income from
subsidiaries and associated companies are recognised when the Company’s rights to receive dividend
is established.
Revenue from long term engineering contracts is recognised on the basis of the stage of completion
of such contracts at the financial year end, where the contract outcome can be assessed with
reasonable certainty. Related costs are included in cost of sales. Full provision is made for all
foreseeable losses on contracts entered into or commenced prior to the financial year end.
Revenue from sale of apartments are recognised when the Sale and Purchase Agreements are signed.
Amounts are included within debtors and prepayments to recognise timing differences arising
between amounts invoiced and amounts recognised in the profit and loss account on individual
engineering contracts.
(s) Financial derivative hedging instruments

Financial derivative hedging instruments are used in the Company’s risk management of foreign
currency risk exposures of its financial liabilities. Hedge accounting principles are applied for the
accounting of the underlying exposures and their hedge instruments.
(t) Capitalisation of interest

Interest incurred on specific and identifiable borrowings used to acquire land and buildings are
capitalised until the assets are ready for their intended use.
3. PRINCIPAL ACTIVITIES AND TURNOVER

The Company is principally involved in the manufacturing, assembling and selling of motor vehicles and
related products.
The principal activities of the subsidiary and associated companies are set out in Notes 19 and 20 to the
accounts. There have been no significant changes in the activities of the Group during the financial year.
Turnover represents the invoiced value of goods sold and services provided and is net of commission paid
to dealers and related taxes.
31 March 2000
4. OPERATING PROFIT
The cost of sales recognised as an expense for the financial year for the Group and Company amounted
to RM5,794.2 million (1999: RM3,758.0 million) and RM4,991.1 million (1999: RM2,863.5 million)
respectively.
Group Company
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
Operating profit is arrived at

after charging/(crediting):
Gross dividends receivable from:

– subsidiary company, unquoted – – (3,520) (3,872)
– associated companies, unquoted – – (19,026) (9,272)
Depreciation of fixed assets 217,797 183,747 190,617 149,818
Research and development expenditure 119,152 104,181 126,960 121,543
Release of provision for project
expenditure (144,362) (83,634) (144,362) (83,634)
Provision for doubtful debts 2,097 7,950 260,796 10,292
Provision for diminution in value of
investment in subsidiary companies – – 14,629 46,937
investment in an associated company – – 4,200 –
long term investments 850 – 850 –
Write back of provision for diminution
in value of short term investments (10,286) (9,539) (10,286) (9,539)
Directors’ emoluments:
Fees 87 89 87 89
Other remuneration 1,412 1,128 1,412 1,128
Auditors’ remuneration 1,097 1,114 100 88
Interest expense on:
Shareholder’s and other long term
loans 14,470 17,613 14,106 14,721
Short term borrowings 19,372 22,246 4,889 5,295
Finance leases and hire purchase
rentals 491 909 – –
Operating lease rental 17,903 15,973 – –
Hire of plant, machinery and equipment 136 181 – –
Rental of premises 4,105 915 – –
Year 2000 readiness expenses 1,045 6,187 – 10
Foreign exchange (gain)/loss (6,082) 13,148 (2,274) 14,742
Loss/(gain) on disposal of fixed assets 3,021 (471) 3,536 (802)
Rental income (884) (20) (149) –
Interest income from:
– subsidiary companies – – (7,663) (25,052)
– associated companies (57,881) (3,687) (57,881) (3,687)
– others (71,520) (142,101) (67,855) (122,813)
31 March 2000
4. OPERATING PROFIT (continuation)

Benefits provided to Directors:
The estimated monetary value of benefits provided to Directors during the financial year by way of usage
of the assets and the provision of other benefits amounted to RM22,000 (1999: RM27,000) for the Group
and RM22,000 (1999: RM27,000) for the Company.
5. TAXATION
Group Company
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
Arising in Malaysia:
Current taxation
– charge for the year 31,148 – 25,923 –
– over provision in respect of
prior years (29,908) – (30,000) –
Deferred taxation (Note 26) 39,813 – 39,433 –
Taxation on share of profits of
associated companies 15,465 350 – –
Arising outside Malaysia:
Current taxation
– charge for the year 4,199 4,732 – –
– under provision in respect of
prior years 697 332 – –
Tax credit on losses – (1,234) – –
Taxation on share of profits of
joint venture companies 239 – – –
61,653 4,180 35,356 –
In accordance with the Section 8 of the Income Tax (Amendment) Act 1999, assessment of income tax has
been changed from that based on income received in the preceding year to that of the current year
beginning from the year of assessment 2000, and that tax on income earned in 1999, except for tax on
dividend income, had been waived.
In view of the above, no provision was made for taxation in respect to the Company’s earnings for the
financial year ended 31 March 1999. The tax savings for the Company as a result of this waiver amounted
to approximately RM37,869,000. Similarly, no provision was made for tax in respect of subsidiary and
associated companies resident in Malaysia.
The tax charge arising outside Malaysia is governed by the respective local tax regulations of those
countries in which the subsidiary and associated companies are domiciled.
The effective tax rate for the Company for the financial year ended 31 March 2000 was higher than the
statutory tax rate due to certain expenses being disallowable for taxation purposes.
31 March 2000
6. DIVIDENDS
Company
2000 1999
RM’000 RM’000
Additional tax exempt final dividend in respect of shares issued

after preceding year end – –
Interim:
Tax exempt dividend of 2.0 sen (1999: Nil) per share 10,854 –
Proposed final:
Tax exempt dividend of 3.0 sen (1999: 7.0 sen) per share 16,282 37,989
27,136 37,989
7. EARNINGS PER SHARE

The earnings per share is calculated by dividing the Group’s profit after taxation and minority interests of
RM70.6 million (1999: RM66.8 million) by the weighted average number of ordinary shares of the Company
in issue during the financial year of 542.7 million (1999: 542.7 million).
8. INVENTORIES
Group Company
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
Raw materials:
Completely knocked-down
packs of vehicles 119,170 149,421 119,930 150,927
Others 74,350 50,902 9,284 13,335
Parts, accessories and general stores 84,191 62,491 25,119 11,631
Work-in-progress 75,212 120,381 51,240 96,919
Finished vehicles 206,044 274,643 52,523 42,876
Goods-in-transit 69,079 39,830 45,001 32,882
628,046 697,668 303,097 348,570

Land and development expenditure 32,762 15,410 – –
660,808 713,078 303,097 348,570
Finished vehicles carried at net realisable value included in the above for the Group and Company amounted
approximately to RM183,027,000 (1999: RM232,138,000) and RM25,911,000 (1999: RM41,096,000) respectively.
Land and certain medium cost apartments under construction held by a subsidiary company included in
land and development expenditure has been pledged to Bank Islam Malaysia Berhad for security on a long
term borrowing.
Interest charges capitalised under land and development expenditure of a subsidiary company during the
financial year amounted approximately to RM2,560,000 (1999: RM1,171,000).
31 March 2000
9. DEBTORS
Group Company
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
Trade debtors 629,399 393,872 346,899 235,561

Less: Provision for doubtful debts (10,089) (14,826) (448) (8,289)
619,310 379,046 346,451 227,272

Other debtors and prepayments 110,706 87,547 30,612 44,625
Less: Provision for doubtful debts (9,322) (2,488) (1,964) (2,488)
720,694 464,105 375,099 269,409
10. AMOUNTS DUE FROM SUBSIDIARY COMPANIES
Company
2000 1999
RM’000 RM’000
Amounts due from subsidiary companies 452,724 413,831

Provision for doubtful debts (259,900) –
192,824 413,831
Included in the amounts due from subsidiary companies are advances amounting to RM55,634,000 (1999:
RM38,923,000) with no fixed repayment terms and interest is charged at 7.05% to 8.35% per annum (1999:
8.30% to 12.10%).
11. AMOUNTS DUE FROM ASSOCIATED COMPANIES
Group Company
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
Amounts due from

associated companies 150,480 278,420 140,085 280,236
Included in the amounts due from associated companies is an advance amounting to RM16,002,000
(1999: RM26,667,000) with no fixed repayment terms and interest is charged at 7.05% to 8.05% per annum
(1999: 8.30% to 12.35%)
31 March 2000
12. SHORT TERM INVESTMENTS
Group Company
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
Quoted investments in Malaysia:
Cost
Quoted shares 104,285 85,661 104,285 85,661
Commercial papers and corporate debt 57,358 73,220 57,358 73,220
161,643 158,881 161,643 158,881

Less: Provision for diminution in value (1,433) (11,719) (1,433) (11,719)
160,210 147,162 160,210 147,162
Market value of quoted investments

Quoted shares 135,084 71,411 135,084 71,411
Commercial papers and corporate debt 64,238 75,751 64,238 75,751
199,322 147,162 199,322 147,162
As at 29 June 2000, being the latest practicable date, the market value of the quoted investments is
RM172,771,635.
13. BANK AND CASH BALANCES AND DEPOSITS
Group Company
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
Short term funds deposited with:
Licensed banks 870,348 888,328 843,863 874,378

Licensed discount houses 124,427 99,226 124,427 62,032
Other licensed financial institutions 188,472 538,287 188,472 538,287
1,183,247 1,525,841 1,156,762 1,474,697

Bank and cash balances 290,240 40,525 259,314 15,842
1,473,487 1,566,366 1,416,076 1,490,539
Included in short term funds are deposits totalling RM8,834,000 (1999: RM8,702,000) relating to a grant
by the Malaysian Government to be utilised for assistance to local vendors held in trust by the Company.
The liability in respect of this grant is included in other creditors.
31 March 2000
14. CREDITORS
Group Company
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
Trade creditors 703,903 559,274 595,744 428,312

Other creditors and accruals 1,070,657 1,086,510 465,497 843,608
Leasing and hire purchase creditors
– current portion (Note 25) 1,519 2,690 – –
1,776,079 1,648,474 1,061,241 1,271,920
15. AMOUNTS DUE TO SUBSIDIARY COMPANIES

Amounts due to subsidiary companies are unsecured, interest free and have no fixed repayment date.
16. AMOUNTS DUE TO ASSOCIATED COMPANIES

Amounts due to associated companies are unsecured, interest free and have no fixed repayment date.
17. SHORT TERM BORROWINGS
Group Company
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
Unsecured
Shareholder loans
– current portion (Note 25) 16,472 15,839 16,472 15,839
Short term loans 55,053 55,005 – 18,824
Export Credit Refinancing (‘ECR’) loans – 2,055 – 2,055
Bankers acceptance 53,602 57,100 48,134 49,864
Bank overdrafts 25,642 36,357 – –
150,769 166,356 64,606 86,582
Secured
Long term loans

– current portion (Note 25) 16,123 – – –
Short term loans 64,244 – – –
Bankers acceptance 8,081 – – –
239,217 166,356 64,606 86,582
There were no ECR loan borrowings as at the financial year end. The interest and discount rates charged
on the unsecured short term borrowings ranged from 6.65% to 9.95% per annum for the 1999 financial
year for ECR loans and 2.95% to 7.75% (1999: 3.50% to 12.25%) per annum for bank overdrafts and
bankers acceptances. Interest on the unsecured short term loans ranged from 6.50% to 7.75% (1999:
1.75% to 8.94%) per annum.
31 March 2000
17. SHORT TERM BORROWINGS (continuation)

The secured short term loans are secured by guarantees of the Company and inventories of a subsidiary
company. Subordination agreements have been entered into by a subsidiary company, the Company and
the subsidiary company’s bankers whereby repayment of amount due to the Company have been
subordinated to the repayment of the short term loans.
The bankers acceptance is secured by the inventories of a subsidiary company.
The interest charged on the secured bankers acceptance ranged from 3.05% to 5.80% (1999: Nil%) per
annum.
Interest on the secured term loans ranged from 4.25% to 7.92% (1999: Nil%) per annum.
18. FIXED ASSETS
Office
equipment,
Land Plant furniture,
Long and fittings and Work-in-
Freehold leasehold Buildings machinery vehicles progress Total
Group RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
2000
Cost/valuation
At 1 April 1999 200,655 14,450 614,904 1,630,937 366,928 617,891 3,445,765
Exchange rate
adjustments (155) (191) (1,794) (2,275) (1,855) (357) (6,627)
Additions – – 38,934 56,434 80,012 53,669 229,049
Disposals – – (684) (9,141) (3,284) – (13,109)
Reclassifications – 12,993 36,206 60,242 17,879 (127,320) –
At 31 March 2000 200,500 27,252 687,566 1,736,197 459,680 543,883 3,655,078
Accumulated
depreciation
At 1 April 1999 – – 100,935 952,854 269,820 – 1,323,609
Exchange rate
adjustments – – (436) (1,394) (1,609) – (3,439)
Charge for the year – 225 12,868 156,477 48,227 – 217,797
Disposals – – (64) (5,518) (1,831) – (7,413)
At 31 March 2000 – 225 113,303 1,102,419 314,607 – 1,530,554
Net book value

At 31 March 2000 200,500 27,027 574,263 633,778 145,073 543,883 2,124,524
31 March 2000
18. FIXED ASSETS (continuation)
Office
equipment,
Land Plant furniture,
Long and fittings and Work-in-
Freehold leasehold Buildings machinery vehicles progress Total
Group RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
1999
Cost/valuation
At 1 April 1998 199,907 14,746 590,314 1,605,026 351,014 361,146 3,122,153
Exchange rate
adjustments (240) (296) (2,790) (3,418) (2,873) (174) (9,791)
Additions 988 – 22,344 26,750 27,372 285,148 362,602
Disposals – – (1,878) (8,538) (9,769) – (20,185)
Reclassifications – – 6,914 11,117 1,184 (19,215) –
Transferred to
current assets – – – – – (9,014) (9,014)
At 31 March 1999 200,655 14,450 614,904 1,630,937 366,928 617,891 3,445,765
Accumulated
depreciation
At 1 April 1998 – – 90,985 843,300 230,105 – 1,164,390
Exchange rate
adjustments – – (851) (2,920) (3,400) – (7,171)
Charge for the year – – 12,320 120,602 50,825 – 183,747
Disposals – – (1,519) (8,128) (7,710) – (17,357)
At 31 March 1999 – – 100,935 952,854 269,820 – 1,323,609
Net book value

At 31 March 1999 200,655 14,450 513,969 678,083 97,108 617,891 2,122,156
31 March 2000
Office
equipment,
Plant furniture,
Freehold and fittings and Work-in-
Land Buildings machinery vehicles progress Total
Company RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
2000
Cost/valuation
At 1 April 1999 178,674 454,088 1,456,197 225,357 575,271 2,889,587
Additions – 17,689 16,799 37,827 44,022 116,337
Disposals – – (7,281) (1,583) – (8,864)
Reclassifications – 13,487 60,242 17,952 (91,681) –
At 31 March 2000 178,674 485,264 1,525,957 279,553 527,612 2,997,060
Accumulated depreciation
At 1 April 1999 – 64,940 845,209 146,156 – 1,056,305
Charge for the year – 9,445 143,646 37,526 – 190,617
Disposals – – (3,640) (804) – (4,444)
At 31 March 2000 – 74,385 985,215 182,878 – 1,242,478
Net book value

At 31 March 2000 178,674 410,879 540,742 96,675 527,612 1,754,582
1999
Cost/valuation
At 1 April 1998 177,686 427,087 1,432,836 204,131 330,879 2,572,619
Additions 988 23,813 12,244 20,900 259,881 317,826
Disposals – – – (858) – (858)
Reclassifications – 3,188 11,117 1,184 (15,489) –
At 31 March 1999 178,674 454,088 1,456,197 225,357 575,271 2,889,587
Accumulated depreciation
At 1 April 1998 – 56,188 737,280 113,605 – 907,073
Charge for the year – 8,752 107,929 33,137 – 149,818
Disposals – – – (586) – (586)
At 31 March 1999 – 64,940 845,209 146,156 – 1,056,305
Net book value

At 31 March 1999 178,674 389,148 610,988 79,201 575,271 1,833,282
31 March 2000

The Directors’ revalued a piece of the Company’s freehold land on 5 September 1983 based on an
independent professional valuation. The surplus of RM36,881,980 arising on the revaluation was credited
to the capital reserves and subsequently utilised.
Had the freehold land been carried at historical cost, the net book value of freehold land that would have
been included in the accounts at the end of the year is as follows:
Group and Company

2000 1999
RM’000 RM’000
Freehold land 22,448 22,448
The long leasehold land held by certain subsidiary companies has unexpired leases of 142 and 97 years as
at 31 March 2000 (1999: 143 and 98 years).
The title deed to the land for certain subsidiary companies amounting to net book value of RM21,160,204
has not been transferred due to a subdivision of the master title.
Interest charges capitalised in fixed assets of subsidiary companies during the financial year amounted to
RM Nil (1999: RM3,000).
Net book value of fixed assets for the Group includes an amount of approximately RM9,751,000 (1999:
RM12,448,000) purchased under finance lease.
19. INTEREST IN SUBSIDIARY COMPANIES

Company
2000 1999
RM’000 RM’000
Unquoted shares at cost:
At 1 April 346,396 246,128

Increase in investment in subsidiary companies 3,800 100,268
At 31 March 350,196 346,396
Less: Provision for diminution in value (61,566) (46,937)
288,630 299,459
Advances to subsidiary companies 118,420 107,532
407,050 406,991
Advances to subsidiary companies as shown above is net of provision for doubtful debts of RM9,261,000
(1999: RM Nil) with no fixed repayment terms and interest in charged at 5.25% to 8.25% (1999: 8.30% to
12.10%). The Company has indicated that the advance will not be demanded from the subsidiary
companies within the next 12 months.
31 March 2000
19. INTEREST IN SUBSIDIARY COMPANIES (continuation)

The details of the subsidiary companies are as follows:
Country of Group’s effective

Name Principal activities incorporation equity interest
2000 1999
Proton Corporation Sdn. Bhd. Dormant Malaysia 100% 100%
Proton Properties Sdn. Bhd. Property development Malaysia 100% 100%
Proton Cars (UK) Ltd.* Distributor of PROTON England 100% 100%

vehicles in United Kingdom
Proton MC Metal Sdn. Bhd. Trading in steel and Malaysia 75% 75%
related products
Proton Cars (Europe) Ltd.* To facilitate the export of England 56% 56%
PROTON vehicles to mainland
Europe
Proton Parts Centre Sdn. Bhd. Warehousing, trading of Malaysia 55% 55%
motor vehicle components,
spare parts and accessories
Proton Engineering Research Engine and technologies Malaysia 100% 100%

Technology Sdn. Bhd. research and development
of automotive related
technologies
Lotus Group International Ltd.* Investment holding England 80% 80%
Proton Cars Australia Pty. Ltd.* Importation and distribution Australia 100% 100%
of motor vehicles and
related spare parts
Proton Cars Benelux NV. SA.* To undertake the marketing Belgium 100% 100%
and distribution of PROTON
cars in Belgium
Lotus Cars Asia Pacific Sdn. Bhd. Dormant Malaysia 100% 100%
Auto Compound and Dormant Malaysia 100% 100%

Distribution Centre Sdn. Bhd.
Proton Automobiles Investment holding British Virgin 100% –

(China) Ltd. (Dormant) Islands
Subsidiary of Proton Engineering

Research Technology Sdn. Bhd.
Marco Acquisition Corporation* Investment United States 100% –
holding company of America
31 March 2000
19. INTEREST IN SUBSIDIARY COMPANIES (continuation)

2000 1999
Subsidiaries of Proton Cars (UK) Ltd.

Smith & Sons Motor Ltd.+ Retail car sales, motor vehicle England 100% 100%
repairs and servicing and
the sale of car parts
Proton Cars Direct Ltd.* Motor dealership England 100% 100%
Proton Cars (Imports) Ltd.* Dormant England 100% 100%
Proton Vehicle Contracts (UK) Ltd.* Dormant England 100% 100%
Proton Cars (Ireland) Ltd.* Dormant Republic 100% 100%

of Ireland
Subsidiaries of Lotus Group

International Ltd.
Group Lotus Ltd.* Holds intellectual property England 80% 80%
Lotus Cars USA Inc.* Car sales and servicing United States 80% 80%
of America
Subsidiaries of Group Lotus Ltd.

Lotus Cars Ltd.* Car manufacturer and England 80% 80%
engineering consultancy
Lotus Body Engineering Ltd.* Engineering consultancy England 80% 80%
Lotus Motorsports Ltd.* Operates single make England 80% 80%

race series
Lotus Holdings Inc.* Holding company for United States 80% –

engineering operations of America
in North America
Subsidiaries of Lotus Cars Ltd.

Lotus Engineering Ltd.* Carries out specific England 80% 80%
engineering contracts
for tax efficiency
Lotus Engineering (Malaysia) Engineering consultancy Malaysia 80% –

Sdn. Bhd.
Subsidiary of Lotus Holdings Inc.

Lotus Engineering Inc.* Engineering test facilities United States 80% –
in North America of America
* Audited by overseas firms associated with PricewaterhouseCoopers, Malaysia.

+ Not audited by PricewaterhouseCoopers.
31 March 2000
20. INTEREST IN ASSOCIATED COMPANIES
Group Company
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
Unquoted shares at cost:

At 1 April 47,862 48,635 47,800 48,635
Increase in investments – 62 – –
Decrease in investments – (835) – (835)
At 31 March 47,862 47,862 47,800 47,800
Less: Provision for diminution in value (5,799) (5,799) (9,999) (5,799)
42,063 42,063 37,801 42,001

Share of post acquisition reserves 145,800 116,643 – –
Interest in associated companies 187,863 158,706 37,801 42,001
Group
2000 1999
RM’000 RM’000
Interest in associated companies are represented by:
Group’s share of net tangible assets 184,037 146,263
Group’s share of intangible assets 3,826 12,443
187,863 158,706
The details of the associated companies are as follows:

2000 1999
PHN Industry Sdn. Bhd. Manufacture and sales Malaysia 35% 35%
of stamped parts and
sub-assembly of automotive
metal components
Usahasama Proton Sale of motor vehicles, Malaysia 30% 30%

– DRB Sdn. Bhd. related spare parts and
accessories
Aluminium Alloy Castings Development, manufacture Malaysia 25% 25%

Sdn. Bhd. and sale of aluminium
alloy casting products
31 March 2000
20. INTEREST IN ASSOCIATED COMPANIES (continuation)

2000 1999
Marutech Elastomer Manufacture and Malaysia 25% 25%

Industries Sdn. Bhd. production of moulded
products, extruded and
rubber hoses for motor
vehicles, motorcycle and
other related products
Technomeiji Rubber Sdn. Bhd. Manufacture and production Malaysia 25% 25%
of hydraulic brake hoses,
power steering and fuel
hose for motor vehicles,
motorcycle and other
related products
Vina Star Motors Corporation Import, assembly and Socialist 25% 25%
distribution of vehicles Republic of
in Vietnam Vietnam
Proton Pilipinas Corporation Assembly and distribution Philippines 20% 20%

of PROTON vehicles in the
Philippines
Exedy (Malaysia) Sdn. Bhd. Manufacture and assembly Malaysia 45% 45%
of manual clutch and
automatic transmission parts
PEPS-JV (M) Sdn. Bhd. Manufacture and assembly Malaysia 21% 21%
of cross member No. 2 and
rear suspension system
Proton City Development Property developer and Malaysia 40% 40%

Corporation Sdn. Bhd. project management
Associated company
of Proton Cars (UK) Ltd.
Proton Finance Ltd. Dealer and customer finance England 49.99% 49.99%
31 March 2000
21. INTEREST IN JOINT VENTURE COMPANIES
Group
2000 1999
RM’000 RM’000
At 1 April – –
Retained profit for the year 568 –
At 31 March 568 –
Interest in joint venture companies are represented by:
Group’s share of assets 41,926 –
Group’s share of liabilities (41,358) –
568 –
The details of the joint venture companies are as follows:

2000 1999
Advanced Engine Engine research and Malaysia 50% 50%

Research Sdn. Bhd. development of fuels,
lubricant and advanced
engine materials
Joint Venture company of

Group Lotus Ltd.
Lotus Finance Ltd. Joint venture company for England 39.92% 39.92%
financing vehicle purchases
22. LONG TERM INVESTMENTS
Group Company
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
Unquoted investments in Malaysia

at cost:
At 1 April 2,222 850 1,450 850

Increase in investments – 1,372 – 600
2,222 2,222 1,450 1,450

Less: Provision for diminution in value (850) – (850) –
At 31 March 1,372 2,222 600 1,450

31 March 2000
23. SHARE CAPITAL
Company
2000 1999
RM’000 RM’000
Ordinary shares of RM1 each:

Authorised 1,000,000 1,000,000
Issued and fully paid:

At 1 April 542,705 542,705
Issued under Perusahaan Otomobil Nasional Berhad
Employees’ Share Option Scheme 11 –
At 31 March 542,716 542,705
As at 31 March 2000, there were 6,030,000 (1999: 6,041,000) unissued ordinary shares under options granted
pursuant to the Perusahaan Otomobil Nasional Berhad Employees’ Share Option Scheme (‘the Scheme’).
The options pursuant to the Scheme expire on 11 March 2003. During the financial year, 11,000 ordinary
shares were issued under the Scheme at prices ranging from RM8.00 to RM8.43 per share.
24. RESERVES
Non-distributable Distributable
Foreign
Share Goodwill exchange Retained 2000 1999
premium written off translation profits Total Total
Group RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
At 1 April 429,280 (304,590) 3,882 2,060,967 2,189,539 2,278,518

Premium on shares issued 79 – – – 79 –
Translation of foreign exchange – – 467 – 467 (34,941)
Goodwill written off – (4,171) – – (4,171) (82,881)
Retained profit for the year – – – 43,458 43,458 28,843
At 31 March 429,359 (308,761) 4,349 2,104,425 2,229,372 2,189,539
Share Retained 2000 1999

premium profits Total Total
Company RM’000 RM’000 RM’000 RM’000
At 1 April 429,280 2,060,627 2,489,907 2,425,624

Premium on shares issued 79 – 79 –
Retained profit for the year – 64,606 64,606 64,283
At 31 March 429,359 2,125,233 2,554,592 2,489,907

31 March 2000
24. RESERVES (continuation)

The Company has sufficient Section 108(6) tax credits to frank approximately RM1,817 million (1999:
RM1,741 million) of its retained profits as at 31 March 2000 if paid out as dividends.
In addition, the Company has tax exempt income as at 31 March 2000 amounting to approximately RM737
million (1999: RM720 million) available for distribution as tax exempt dividends to shareholders. This tax
exempt income is subject to agreement by the Inland Revenue Board.
25. LONG TERM LIABILITIES
Group Company
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
Shareholder loans – unsecured 324,016 339,855 324,016 339,855

Portion repayable within twelve months
(Note 17) (16,472) (15,839) (16,472) (15,839)
307,544 324,016 307,544 324,016
Long term loans – secured 74,478 – – –

(Note 17) (16,123) – – –
58,355 – – –
Leasing and hire purchase creditors

– secured 4,068 7,042 – –
(Note 14) (1,519) (2,690) – –
2,549 4,352 – –
368,448 328,368 307,544 324,016
Group and Company

2000 1999
RM’000 RM’000
(a) Shareholder loans – unsecured
The shareholder loans are repayable as follows:

Within 1 year 16,472 15,839
Between 1 and 2 years 17,131 16,472
More than 5 years 234,798 254,068
324,016 339,855
31 March 2000
25. LONG TERM LIABILITIES (continuation)

The unsecured loans from a corporate shareholder are repayable by 20 annual instalments over a
25 year period commencing after 5 years from the drawdown dates of the loans. The loans comprise
of a RM61.4 million (1999: RM64.6 million) loan and another of RM262.6 million (1999: RM275.2
million). The first tranch of the loan is interest free for the first 5 years and thereafter, interest is
charged at 4.25% per annum. Interest for the second tranch of the loan is charged at 4.25% per
annum throughout its term.
(b) Long term loans – secured

The secured long term loans obtained by certain subsidiary companies comprise:
(i) An Islamic Finance facility granted by Bank Islam Malaysia Berhad in accordance with the Syariah
principles of ‘Al-istisna’. The first year of monthly instalments commencing from March 2000 are
solely in relation to payment of profits to Bank Islam. This will be charged to the profit and loss
account.
Repayments for the principal sum will commence in March 2001 to be repaid over 12 monthly
instalments.
The term loan is secured by a first charge on the land and certain medium cost apartments
included in land and development expenditure.
(ii) A term loan drawn against a facility to fund a specific long term contract.
The term loan is repayable in 13 equal instalments. An initial payment of 2 instalments was due
in April 2000, with the final quarterly payment due in December 2002.
The term loan is secured by guarantees of the Company.
(iii) A promissory note of USD5 million granted by a financial institution in the United States of
America which is repayable in 60 monthly instalments. The first instalment is due on 1 April 2000.
The borrowing is secured against the assets of two subsidiary companies.
These secured term loans bear interest at a rate of 4.25% to 8.14% (1999: Nil%).
(c) Leasing and hire purchase creditors

The leasing and hire purchase arrangements obtained by a subsidiary company are secured against
the assets of the subsidiary company.
Analysis of finance lease and hire purchase commitments:
Group Company
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
Payable within 1 year 1,812 3,025 – –

Payable between 1 and 2 years 2,093 2,157 – –
Payable between 2 and 5 years 597 2,790 – –
4,502 7,972 – –
Less: Finance charges (434) (930) – –
4,068 7,042 – –
31 March 2000
26. DEFERRED TAXATION
Group Company
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
At 1 April 44,752 44,752 44,697 44,697

Transfer from profit and loss account
(Note 5) 39,813 – 39,433 –
At 31 March 84,565 44,752 84,130 44,697
Deferred tax provided for in the

accounts comprise the tax effects of:
– excess of capital allowances over

depreciation 109,386 50,249 108,459 50,194
– other temporary differences (24,821) (5,497) (24,329) (5,497)
84,565 44,752 84,130 44,697
Deferred tax liability not provided for

in the accounts comprise the tax
effects of:
– revaluation of fixed assets held for
long term use 13,981 14,128 2,970 2,970
13,981 14,128 2,970 2,970
27. EMPLOYEE RETIREMENT BENEFITS

HICOM Retirement Benefit Scheme – defined benefit scheme
Any contribution for retirement benefits in respect of eligible employees is paid by the Company and
certain subsidiaries into the HICOM Retirement Benefit Scheme, an approved fund independent of the
Group’s finances. Contribution rates are determined from time to time by consulting actuaries.
The last actuarial valuation using the “Attained Age Method”, a form of the Projected Benefit Valuation
method, was as at 31 March 2000. The actuarial valuation of the scheme, which is fully funded, indicated
that the scheme had sufficient assets to meet its liabilities.
31 March 2000
27. EMPLOYEE RETIREMENT BENEFITS (continuation)

Lotus Group Scheme – defined benefit scheme
Lotus Group International Ltd. and its subsidiaries (‘Lotus Group’), operate a defined benefit pension
scheme, the Lotus Pension Plan. The assets are held in separate trustee administrated funds. In addition it
provides life assurance cover for all employees.
Contributions to the scheme are charged to the profit and loss account so as to spread the cost of
pensions over employees’ working lives with the Lotus Group. The contributions are determined by a
qualified actuary on the basis of triennial valuations. The most recent valuation was at 31 December 1996,
using the projected unit method. The assumptions which have the most significant effect on the valuation
are those relating to the rate of return on investments and the rates of increases in salaries and pensions.
It was assumed that annual investment returns would be 8.5%, that annual salary increases would average
6.5% and that guaranteed minimum pensions would increase annually at the rate of 3%.
The most recent actuarial valuation showed that the market value of the scheme’s assets was
approximately RM42.2 million (£6.9 million) and that the actuarial value of those assets represented 107%
of the benefits that had accrued to members, after allowing for expected future increases in earnings and
for discretionary benefits.
The directors have continued the policy adopted in April 1997 encouraging membership of the scheme
which has continued to increase throughout the year.
28. SEGMENTAL INFORMATION

The Group is principally engaged in the automobile industry namely manufacturing, assembling, trading
and provision of engineering and other services in respect of motor vehicles and related products.
Accordingly, no segmental information is considered necessary for analysis by industry segments.
Analysis of the Group’s turnover, results and total assets employed by geographical locations are as follows:
Turnover Profit before taxation Total assets employed

2000 1999 2000 1999 2000 1999
RM million RM million RM million RM million RM million RM million
Malaysia 5,329.7 3,003.2 85.2 15.0 4,456.2 4,467.8

Other countries 1,167.0 1,071.8 (38.9) (21.0) 1,023.8 984.4
Group turnover 6,496.7 4,075.0
Group profit/(loss) before interest 46.3 (6.0)

Net interest income 95.0 105.0
Group profit before taxation 141.3 99.0
Group total assets employed 5,480.0 5,452.2

31 March 2000
29. CAPITAL AND OTHER COMMITMENTS
Group Company
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
Capital commitments
Authorised capital expenditure not
provided for in the accounts:
– contracted for 196,074 180,737 170,504 156,356

– not contracted for 2,470,927 2,089,570 2,444,287 2,081,976
2,667,001 2,270,307 2,614,791 2,238,332
Other commitments
As at 31 March 2000, the outstanding notional principal quantities of derivative financial instruments
contracts entered into by the Company amounted to RM340 million (1999: RM387 million).
These instruments are executed with creditworthy financial institutions. The Directors are of the view that
the possibility of non-performance by these financial institutions is remote on the basis of their respective
financial strength.
30. OPERATING LEASES

At 31 March 2000 the Group was committed to making the following payments in respect of operating
leases expiring:
Group
2000 1999
RM’000 RM’000
Within 1 year 2,080 353

Over 5 years 172 6,131
15,452 12,001
Included within the amounts disclosed above in respect of operating leases expiring within one year,
between one and five years and over five years are RM Nil (1999: RM Nil), RM716,000 (1999: RM Nil) and
RM Nil (1999: RM645,000) respectively in respect of land and buildings. The remaining operating lease
rentals are payable in respect of plant and machinery.
31 March 2000
31. SIGNIFICANT RELATED PARTY TRANSACTIONS AND BALANCES

In the normal course of business, the Company undertakes a variety of transactions at mutually agreed
terms with its subsidiary and associated companies, other companies deemed related parties by virtue of
being members of the DRB-HICOM group of companies and other related parties. The related parties and
the DRB-HICOM group of companies, with whom the Group and Company transact with, include the
following companies, their respective subsidiary and associated companies:
Related parties Relationship
HICOM Holdings Berhad (‘HICOM’) The Company is an associated company of HICOM
Gadek (Malaysia) Berhad (‘GMB’) HICOM is an associated company of GMB
Gadek Capital Berhad (‘GCB’) GCB is a subsidiary of GMB
Diversified Resources Berhad (‘DRB’) GMB is an associated company of DRB
Edaran Otomobil Nasional Berhad (‘EON’) EON is an associated company of HICOM
Gadek Asset Management Sdn. Bhd. (‘GAM’) HICOM is an associated company of GAM
Credit Corporation (Malaysia) Berhad (‘CCM’) CCM is an associated company of GMB
Mitsubishi Corporation, Japan Corporate shareholder
Mitsubishi Motors Corporation, Japan Corporate shareholder
The significant related party transactions and balances between the Group and Company and these entities
are as follows:
Related party transactions
Group Company
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
(a) Sales of goods/services to:

– subsidiary companies – – 224,774 149,413
– associated companies 1,333,083 669,196 1,312,043 657,910
– related parties 3,711,312 2,050,723 3,597,413 1,946,506
(b) Purchases of goods/services from:

– associated companies 153,734 68,549 146,987 65,840
– related parties 2,480,925 1,006,958 2,315,786 955,262
(c) Interest income received from:

– associated companies 57,881 3,687 57,881 3,687
(d) Interest expense paid to:

– related parties 14,106 14,721 14,106 14,721
(e) Technical fees and royalties paid to:

– related parties 14,921 6,414 14,921 6,414
31 March 2000
31. SIGNIFICANT RELATED PARTY TRANSACTIONS AND BALANCES (continuation)

Related party balances
In addition to balances with subsidiary and associated companies mentioned elsewhere in the accounts, set
out below are balances with other companies deemed related parties which remain outstanding at the
year end are as follows:
Group Company
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
Related party receivables

Related parties included in debtors 267,494 225,054 246,183 207,092
Related party payables

Related parties included in creditors 77,282 59,940 67,585 52,963
Bank balances and short term deposits

with related parties
Related parties 117,000 460,145 117,000 447,515
Loans from related parties are disclosed in Note 25 of the accounts.
32. CONTINGENT LIABILITIES (UNSECURED)
Company
2000 1999
RM’000 RM’000
Guarantees given to bankers for facilities granted to subsidiary and

associated companies 481,191 378,440
Unhedged guarantees denominated in foreign currencies are as follows:
US Dollars (‘USD’) USD1,750,000 (1999: USD1,750,000) 6,694 6,694

Australian Dollars (‘AUD’) AUD20,200,000 (1999: AUD10,200,000) 47,531 24,602
Pound Sterling (‘£’) £69,800,000 (1999: £56,000,000) 426,966 347,144
481,191 378,440
31 March 2000
33. ACQUISITION OF SUBSIDIARY COMPANY

During the financial year the Company acquired the entire issued and paid up capital of Proton
Automobiles (China) Ltd. comprising 2 ordinary shares of USD1 each for a purchase consideration of
USD1,000,000. A summary of the effect of the acquisition on the cash flow of the Group at the date of
the acquisition is set out below:
RM’000
Cash *
Goodwill 3,800
Total purchase (cash consideration) 3,800

Less: Cash *
Cash outflow on acquisition net of cash and cash equivalents 3,800
*RM8
34. CASH AND CASH EQUIVALENTS
Group
2000 1999
RM’000 RM’000
Short term funds with maturity of less than 3 months deposited with:
Licensed banks 870,348 888,328

Licensed discount houses 124,427 99,226
Other licensed financial institutions 188,472 538,287
1,183,247 1,525,841
Bank and cash balances 290,240 40,525
Bank overdrafts (25,642) (36,357)
1,447,845 1,530,009
Included in cash and cash equivalents as at 31 March 2000 are monies held under the Housing
Development Accounts pursuant to Section 7A of the Housing Development (Control and Licensing Act
1966 (Act 118)) amounting to approximately RM78,000 (1999: RM Nil).
35. SIGNIFICANT EVENTS

On 3 March 2000, the Company entered into a Sale and Purchase Agreement for the proposed acquisition
of 11 million shares representing 55% of the equity in Usahasama Proton-DRB Sdn. Bhd. with Diversified
Resources Berhad (10.2 million shares) and Erat Bakti Sdn. Bhd. (800,000 shares). The acquisition is currently
in progress.
80 STATEMENT BY DIRECTORS
Pursuant to Section 169(15) of The Companies Act, 1965
We, Tan Sri Dato’ Seri Mohd Saleh bin Sulong and Tengku Tan Sri Mahaleel bin Tengku Ariff, being two of the
Directors of Perusahaan Otomobil Nasional Berhad, state that, in the opinion of the Directors, the accounts set
out on pages 48 to 79 are drawn up so as to give a true and fair view of the state of affairs of the Group
and the Company as at 31 March 2000 and of the results of the Group and the Company and the cash flows
of the Group for the financial year ended on that date in accordance with the applicable approved accounting
standards in Malaysia and comply with the Companies Act, 1965.
On behalf of the Board
TAN SRI DATO’ SERI MOHD SALEH TENGKU TAN SRI MAHALEEL
BIN SULONG BIN TENGKU ARIFF
Chairman Chief Executive Officer
Shah Alam
25 July 2000
DECLARATION
Pursuant to Section 169(16) of The Companies Act, 1965
I, Tan Seng Lee, the officer primarily responsible for the financial management of Perusahaan Otomobil
Nasional Berhad, do solemnly and sincerely declare that the accounts set out on pages 48 to 79 are, to the
best of my knowledge and belief, correct and I make this solemn declaration conscientiously believing the same
to be true, and by virtue of the provisions of the Statutory Declarations Act, 1960.
TAN SENG LEE
Subscribed and solemnly declared by the abovenamed

Tan Seng Lee at Kuala Lumpur in Malaysia on 25 July 2000.
Before me,
MAISHARAH BINTI ABU HASAN

Commissioner for Oaths
REPORT OF THE AUDITORS 81
to the Members of Perusahaan Otomobil Nasional Berhad (Company No. 100995-U)
We have audited the accounts set out on pages 48 to 79. These accounts are the responsibility of the
Company’s Directors. Our responsibility is to express an opinion on these accounts based on our audit.
We conducted our audit in accordance with approved auditing standards in Malaysia. Those standards require
that we plan and perform the audit to obtain reasonable assurance about whether the accounts are free of
material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and
disclosures in the accounts. An audit also includes assessing the accounting principles used and significant
estimates made by Directors, as well as evaluating the overall accounts presentation. We believe that our audit
provides a reasonable basis for our opinion.
In our opinion:
(a) the accounts give a true and fair view of the state of affairs of the Group and the Company as at
31 March 2000 and of the results of the Group and the Company and the cash flows of the Group for
the financial year ended on that date in accordance with the applicable approved accounting standards in
Malaysia and comply with the Companies Act, 1965; and
(b) the accounting and other records and the registers required by the Act to be kept by the Company and
by the subsidiaries of which we have acted as auditors have been properly kept in accordance with the
provisions of the Act.
The names of the subsidiaries of which we have not acted as auditors are indicated in Note 19 to the accounts.
We have considered the accounts of these subsidiaries and the auditors’ reports thereon.
We are satisfied that the accounts of the subsidiaries that have been consolidated with the Company’s accounts
are in form and content appropriate and proper for the purposes of the preparation of the consolidated
accounts and we have received satisfactory information and explanations required by us for those purposes.
The auditors’ reports on the accounts of the subsidiaries were not subject to any qualification and did not
include any comment made under subsection (3) of Section 174 of the Act.
PRICEWATERHOUSECOOPERS
(No. AF: 1146)
Public Accountants
MOHAMMAD ZAINAL BIN SHAARI

(No. 1924/10/00 (J))
Partner of the firm
Kuala Lumpur
25 July 2000
Penyata Kewangan
Laporan Pengarah 83 Nota-nota Kepada Akaun-akaun 92
Akaun Untung Rugi 88 Penyata oleh Para Pengarah 120
Kunci Kira-kira 89 Perakuan Berkanun 120
Penyata Aliran Tunai Disatukan 90 Laporan Juruaudit 121

LAPORAN PENGARAH 83
Para Pengarah dengan sukacitanya membentangkan laporan mereka berserta dengan akaun-akaun Kumpulan
dan Syarikat yang telah diaudit bagi tahun kewangan berakhir 31 Mac 2000.
KEGIATAN UTAMA
Kegiatan utama Syarikat termasuk pembuatan, pemasangan dan penjualan kenderaan bermotor serta barang-
barangan yang berkaitan.
Kegiatan utama syarikat-syarikat subsidiari dan syarikat bersekutu dinyatakan di dalam Nota 19 dan 20 kepada
akaun. Tidak ada perubahan besar dalam aktiviti Kumpulan sepanjang tahun kewangan.
KEPUTUSAN KEWANGAN
Kumpulan Syarikat
RM’000 RM’000
Keuntungan selepas cukai 79,665 91,742

Kepentingan minoriti (9,071) –
Keuntungan milik para pemegang saham 70,594 91,742
DIVIDEN
Jumlah dividen yang telah dibayar atau diisytiharkan oleh Syarikat sejak 31 Mac 1999 adalah seperti berikut:
RM’000
Berhubung tahun kewangan berakhir 31 Mac 1999 seperti ditunjukkan di dalam

laporan para Pengarah bagi tahun tersebut:
Dividen akhir dikecualikan cukai sebanyak 7.0 sen sesaham biasa, dibayar pada
8 September 1999 37,989
Berhubung tahun kewangan berakhir 31 Mac 2000:
Dividen interim dikecualikan cukai sebanyak 2.0 sen sesaham biasa, dibayar pada
30 Disember 1999 10,854
Para Pengarah mengesyorkan pembayaran dividen akhir dikecualikan cukai sebanyak 3.0 sen sesaham biasa
berjumlah RM16,281,480 bagi tahun kewangan berakhir 31 Mac 2000, tertakluk kepada kelulusan ahli-ahli di
Mesyuarat Agung Tahunan Syarikat yang akan datang.
RIZAB DAN PERUNTUKAN

Tiada pemindahan yang penting kepada atau daripada rizab dan peruntukan sepanjang tahun kewangan selain
daripada yang dinyatakan di dalam akaun.
MODAL SAHAM
Pada tahun kewangan ini, modal saham biasa terbitan dan berbayar Syarikat telah dinaikkan daripada
RM542,705,000 kepada RM542,716,000 melalui penerbitan 11,000 saham biasa berharga RM1 sesaham pada
harga terbitan antara RM8.00 hingga RM8.43 sesaham menurut Skim Opsyen Saham Pekerja. Saham baru
tersebut bertaraf pari passu dalam semua hal dengan saham sedia ada Syarikat.
84 LAPORAN PENGARAH (sambungan)
SKIM OPSYEN SAHAM PEKERJA

Skim Opsyen Saham Pekerja Perusahaan Otomobil Nasional Berhad (‘Skim’) mula berkuatkuasa pada 29 Mac
1993. Ciri-ciri utama Skim ini adalah:
(a) Pekerja-pekerja yang layak terdiri daripada mereka yang telah disahkan dalam jawatan dan telah
berkhidmat sekurang-kurangnya selama satu tahun secara berterusan di dalam Kumpulan atau merupakan
seorang pengarah Syarikat yang memegang jawatan eksekutif, yang mana kelayakan khas di dalam Skim
tersebut telah dipersetujui oleh Syarikat di dalam satu Mesyuarat Agung.
(b) Opsyen-opsyen yang ditawar boleh dilaksanakan pada bila-bila masa sepanjang tempoh opsyen kecuali
pada tempoh-tempoh tertentu yang telah ditetapkan oleh Jawatankuasa Skim Opsyen Saham Pekerja.
Berikutan daripada Mesyuarat Agung Luarbiasa yang diadakan pada 7 September 1995, tempoh
pelaksanaan opsyen ini telah dilanjutkan 5 tahun lagi sehingga 11 Mac 2003.
(c) Opsyen ini boleh dilaksanakan sepenuhnya atau dalam bilangan yang lebih kecil dengan syarat bilangannya
hendaklah dalam gandaan 1,000 unit saham dan harga opsyen dibayar dalam jangkamasa tempoh opsyen.
(d) Harga saham yang ditawarkan kepada pekerja di bawah Skim ini adalah purata catatan min pasaran
(dikira sebagai purata harga yang tertinggi dan terendah sebagaimana yang diniagakan di Bursa Saham
Kuala Lumpur (‘BSKL’) pada hari tersebut) saham tersebut seperti yang ditunjukkan di dalam senarai rasmi
harian yang diterbitkan oleh BSKL bagi lima hari pasaran sebelum tarikh tawaran opsyen tersebut dibuat.
Tiada opsyen telah diberi pada tahun kewangan ini.
Sepanjang tahun ini, 11,000 saham biasa telah diterbitkan di bawah Skim pada harga antara RM8.00 hingga
RM8.43 sesaham.
Pada 31 Mac 2000, terdapat 6,030,000 (1999: 6,041,000) saham biasa yang belum diterbitkan bernilai RM1
sesaham di bawah opsyen yang diberikan mengikut Skim ini.
PARA PENGARAH
Para Pengarah yang berkhidmat pada tempoh ini sejak tarikh laporan yang lepas terdiri daripada:
Pengarah Gantian
Y. Bhg. Tan Sri Dato’ Seri Mohd Saleh bin Sulong
Y. M. Tengku Tan Sri Mahaleel bin Tengku Ariff
Y. Bhg. Datuk Kisai bin Rahmat
Y. Bhg. Dato’ Mohd. Nadzmi bin Mohd. Salleh
Encik Abbas bin Mehad
Y. Bhg. Dato’ Maznah bte Abdul Jalil
Encik Kelvin Chong Mong Yuen
Y. Bhg. Datuk Dr. Syed Muhamad bin Syed Abdul Kadir Puan Siti Halimah bte Ismail
Tuan Haji Faisal @ Ibrahim bin Siraj
Encik Kenji Matsuo Encik Masaharu Iwata
Encik Masao Miyamoto (dilantik pada 1.6.2000) Encik Shigenobu Nishida (dilantik pada 1.6.2000)
Encik Takeshi Ota (dilantik pada 11.7.2000)
Encik Atsushi Saruhashi (dilantik pada 11.7.2000) Encik Fumio Yoshimi (dilantik pada 17.7.2000)
Encik Yoshikazu Hori (meletak jawatan pada 1.6.2000) Encik Shigenobu Nishida (meletak jawatan pada 1.6.2000)
Encik Mikitoshi Ukita (meletak jawatan pada 27.6.2000)
Encik Yoshisuke Kondo (meletak jawatan pada 27.6.2000) Encik Junichi Murakami (meletak jawatan pada 15.7.1999)
Encik Fumio Yoshimi (dilantik pada 15.7.1999,
meletak jawatan pada 27.6.2000)
LAPORAN PENGARAH (sambungan) 85
PARA PENGARAH (sambungan)

Menurut Fasal 103 Tataurusan Pertubuhan Syarikat, Tuan Haji Faisal @ Ibrahim bin Siraj, Encik Kenji Matsuo
dan Y. Bhg. Datuk Kisai bin Rahmat bersara di Mesyuarat Agung Tahunan akan datang, dan oleh kerana layak
menawarkan diri mereka untuk dilantik semula.
Menurut Fasal 110 Tataurusan Pertubuhan Syarikat, Encik Masao Miyamoto, Encik Takeshi Ota dan Encik Atsushi
Saruhashi bersara di Mesyuarat Agung Tahunan akan datang, dan oleh kerana layak, menawarkan diri untuk
dilantik semula.
KEMUDAHAN PARA PENGARAH

Pada sepanjang dan akhir tahun ini, tiada perancangan diatur yang melibatkan Syarikat sebagai satu pihak,
dengan tujuan atau tujuan-tujuan untuk membolehkan para Pengarah Syarikat memperolehi kemudahan
melalui pengambilalihan saham di dalam atau debentur Syarikat atau sebarang badan korporat lain, kecuali
opsyen saham yang diberi kepada para Pengarah Syarikat menurut Skim Opsyen Saham Pekerja Perusahaan
Otomobil Nasional Berhad.
Sejak akhir tahun kewangan lepas, tiada Pengarah yang telah menerima atau layak untuk menerima sebarang
kemudahan (selain daripada kemudahan yang ditunjukkan sebagai emolumen Pengarah dalam Nota 4 kepada
akaun-akaun) melalui suatu kontrak yang dibuat oleh Syarikat atau sebuah badan yang berkaitan dengan
Pengarah tersebut atau dengan sebuah firma di mana Pengarah tersebut merupakan seorang ahli, atau dengan
sebuah syarikat yang Pengarah mempunyai kepentingan kewangan yang besar.
KEPENTINGAN PARA PENGARAH

Menurut Daftar pegangan saham para Pengarah, kepentingan para Pengarah yang memegang jawatan pada
akhir tahun ini dalam saham Syarikat adalah seperti berikut:
(a) Pegangan saham
Bilangan saham biasa berharga RM1 sesaham

Pada Pada
1.4.1999 Dibeli Dijual 31.3.2000
Y. Bhg. Tan Sri Dato’ Seri

Mohd Saleh bin Sulong 147,589,000* – – 147,589,000
Y. Bhg. Dato’ Mohd. Nadzmi
bin Mohd. Salleh 30,000 – (23,000) 7,000
Y. Bhg. Datuk Kisai bin Rahmat 10,000 – (10,000) –
Encik Abbas bin Mehad 7,000 – – 7,000
* Saham yang Pengarah berkenaan dianggap mempunyai kepentingan.
Y. Bhg. Tan Sri Dato’ Seri Mohd Saleh bin Sulong, oleh kerana mempunyai kepentingan di dalam saham-
saham Syarikat, dianggap mempunyai kepentingan di dalam saham-saham semua syarikat subsidiari dan
bersekutu setakat mana Syarikat mempunyai kepentingan ekuiti.
86 LAPORAN PENGARAH (sambungan)
KEPENTINGAN PARA PENGARAH (sambungan)

(b) Opsyen saham
Opsyen atas saham biasa berharga RM1 sesaham

Pada Pada
1.4.1999 Ditawar Dilaksana 31.3.2000

bin Tengku Ariff 220,000 – – 220,000
Y. Bhg. Datuk Kisai bin Rahmat 50,000 – – 50,000
Tiada Pengarah lain yang memegang jawatan pada akhir tahun kewangan yang memegang kepentingan dalam
Syarikat dan syarikat-syarikat berkaitannya.
MAKLUMAT BERKANUN KE ATAS AKAUN

Sebelum akaun untung rugi dan kunci kira-kira Kumpulan dan Syarikat disediakan, para Pengarah telah
mengambil langkah-langkah yang berpatutan:
(a) untuk memastikan bahawa tindakan yang bersesuaian telah diambil berhubung dengan penghapusan
hutang lapuk dan juga persediaan peruntukan hutang ragu dan telah berpuashati bahawa semua hutang
lapuk telah dihapuskan dan peruntukan yang wajar telah dibuat bagi hutang ragu; dan
(b) untuk memastikan bahawa sebarang harta-harta semasa, selain daripada hutang, yang tidak
berkemungkinan akan terlaksana nilainya dalam urusan perniagaan biasa seperti yang dinyatakan di
dalam rekod-rekod perakaunan Kumpulan dan Syarikat telah diturunkan nilainya kepada jumlah yang
dijangka dapat terlaksana.
Pada tarikh laporan ini, para Pengarah tidak mengetahui sebarang keadaan:
(a) yang boleh menyebabkan jumlah penghapusan hutang lapuk atau jumlah peruntukan bagi hutang ragu
di dalam akaun Kumpulan dan Syarikat tidak mencukupi dengan perbezaan yang besar; atau
(b) yang boleh menyebabkan nilai bagi harta-harta semasa dalam akaun Kumpulan dan Syarikat mengelirukan;
atau
(c) yang telah timbul yang boleh menyebabkan kaedah penilaian harta atau tanggungan Kumpulan dan
Syarikat mengelirukan atau tidak sesuai.
Tiada tanggungan luarjangka atau tanggungan lain telah dikuatkuasakan atau berkemungkinan akan
dikuatkuasakan dalam jangkamasa dua belas bulan selepas akhir tahun kewangan yang, pada pendapat para
Pengarah, akan atau mungkin akan menjejaskan dengan ketara keupayaan Kumpulan dan Syarikat untuk
memenuhi segala kewajipan apabila tiba masanya kelak.
Pada tarikh laporan ini, tidak wujud:
(a) sebarang cagaran ke atas harta-harta Kumpulan dan Syarikat yang telah timbul sejak akhir tahun
kewangan yang menjamin sebarang tanggungan pihak lain; atau
(b) sebarang tanggungan luarjangka Kumpulan dan Syarikat yang timbul sejak akhir tahun kewangan.
LAPORAN PENGARAH (sambungan) 87
MAKLUMAT BERKANUN LAIN

Pada tarikh laporan ini, para Pengarah tidak menyedari sebarang keadaan yang tidak dibangkitkan di dalam
laporan ini atau akaun-akaun yang mungkin akan menyebabkan jumlah yang telah dinyatakan di dalam akaun-
akaun tersebut mengelirukan.
Pada pendapat para Pengarah:
(a) keputusan operasi Kumpulan dan Syarikat sepanjang tahun kewangan tidak terjejas dengan ketara oleh
sebarang perkara, urusniaga atau peristiwa yang penting atau yang bersifat luarbiasa, kecuali seperti yang
dinyatakan di dalam Nota 35 kepada akaun; dan
(b) telah tidak timbul dalam jangkamasa antara akhir tahun kewangan hingga tarikh laporan ini, sebarang
perkara, urusniaga atau persitiwa penting yang bersifat luarbiasa yang boleh menjejaskan dengan ketara
keputusan operasi Kumpulan dan Syarikat bagi tahun kewangan di mana laporan ini telah dibuat.
JAWATANKUASA AUDIT
Para ahli jawatankuasa audit terdiri daripada:
Encik Kelvin Chong Mong Yuen (Pengerusi/Pengarah bebas bukan eksekutif)

Y. Bhg. Dato’ Maznah bte Abdul Jalil (Pengarah bebas bukan eksekutif)
Y. Bhg. Datuk Dr. Syed Muhamad bin Syed Abdul Kadir (Pengarah bebas bukan eksekutif)
Fungsi Jawatankuasa Audit adalah menyemak polisi perakaunan, kawalan dalaman dan akaun tahunan Syarikat
dan syarikat-syarikat subsidiarinya bagi pihak Lembaga Pengarah.
Dalam melaksanakan fungsinya, Jawatankuasa Audit telah menyemak keseluruhan bidang kegiatan kedua-dua
audit dalaman dan audit luar. Jawatankuasa Audit telah bertemu dengan juruaudit dalaman dan juruaudit
berkanun Syarikat untuk berbincang mengenai keputusan pemeriksaan mereka dan penilaian mereka terhadap
sistem kawalan perakaunan dalaman Syarikat.
Jawatankuasa Audit juga telah menyemak akaun-akaun Kumpulan dan Syarikat sebelum dibentangkan kepada
Lembaga Pengarah Syarikat untuk diluluskan.
Jawatankuasa Audit telah mengesyorkan kepada Lembaga Pengarah perlantikan semula PricewaterhouseCoopers
sebagai juruaudit di Mesyuarat Agung Tahunan Syarikat yang akan datang.
TAHUN 2000
Selepas melaksanakan tindakan pembetulan ke atas semua sistem perkakasan, perisian dan komunikasi bagi
menyediakannya menghadapi Tahun 2000, Kumpulan dan Syarikat telah melintas masuk ke Tahun 2000 dan
operasinya tidak mengalami sebarang kesan ketara sehingga kini.
JURUAUDIT
Juruaudit, PricewaterhouseCoopers, telah menyuarakan kesediaan mereka untuk meneruskan perkhidmatan.
Bagi pihak Lembaga Pengarah
TAN SRI DATO’ SERI MOHD SALEH BIN SULONG TENGKU TAN SRI MAHALEEL BIN TENGKU ARIFF
Pengerusi Ketua Pegawai Eksekutif
Shah Alam
25 Julai 2000
88 AKAUN UNTUNG RUGI
bagi tahun kewangan berakhir 31 Mac 2000
Kumpulan Syarikat
Nota 2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
PEROLEHAN 3 6,496,724 4,075,040 5,399,636 3,039,314
KEUNTUNGAN OPERASI 4 69,705 66,449 127,098 102,272
BAHAGIAN KEUNTUNGAN
TOLAK KERUGIAN DALAM
SYARIKAT-SYARIKAT BERSEKUTU 70,806 32,509 – –
BAHAGIAN KEUNTUNGAN
TOLAK KERUGIAN DALAM
SYARIKAT-SYARIKAT USAHASAMA 807 – – –
KEUNTUNGAN SEBELUM CUKAI 141,318 98,958 127,098 102,272
CUKAI 5 (61,653) (4,180) (35,356) –
KEUNTUNGAN SELEPAS CUKAI 79,665 94,778 91,742 102,272
KEPENTINGAN MINORITI (9,071) (27,946) – –
KEUNTUNGAN MILIK
PARA PEMEGANG SAHAM 70,594 66,832 91,742 102,272
DIVIDEN 6 (27,136) (37,989) (27,136) (37,989)
KEUNTUNGAN TERSIMPAN BAGI TAHUN 24 43,458 28,843 64,606 64,283
PENDAPATAN SESAHAM 7 13.0 sen 12.3 sen
Nota-nota di muka surat 92 hingga 119 merupakan sebahagian daripada akaun-akaun ini.
KUNCI KIRA-KIRA 89
pada 31 Mac 2000
Kumpulan Syarikat
Nota 2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
HARTA SEMASA
Inventori 8 660,808 713,078 303,097 348,570
Penghutang 9 720,694 464,105 375,099 269,409
Jumlah dihutang oleh syarikat-syarikat
subsidiari 10 – – 192,824 413,831
bersekutu 11 150,480 278,420 140,085 280,236
Pelaburan jangka pendek 12 160,210 147,162 160,210 147,162
Baki di bank dan tunai serta deposit 13 1,473,487 1,566,366 1,416,076 1,490,539
3,165,679 3,169,131 2,587,391 2,949,747
TANGGUNGAN SEMASA
Pemiutang 14 1,776,079 1,648,474 1,061,241 1,271,920
Jumlah dihutang kepada
syarikat-syarikat subsidiari 15 – – 371 1,407
Jumlah dihutang kepada
syarikat-syarikat bersekutu 16 19,685 11,130 19,537 11,130
Cukai 146,261 432,482 136,405 423,118
Pinjaman jangka pendek 17 239,217 166,356 64,606 86,582
Dividen dicadangkan 16,282 37,989 16,282 37,989
2,197,524 2,296,431 1,298,442 1,832,146
HARTA SEMASA BERSIH 968,155 872,700 1,288,949 1,117,601

HARTA TETAP 18 2,124,524 2,122,156 1,754,582 1,833,282
KEPENTINGAN DALAM
SYARIKAT-SYARIKAT SUBSIDIARI 19 – – 407,050 406,991
KEPENTINGAN DALAM
SYARIKAT-SYARIKAT BERSEKUTU 20 187,863 158,706 37,801 42,001
KEPENTINGAN DALAM
SYARIKAT-SYARIKAT USAHASAMA 21 568 – – –
PELABURAN JANGKA PANJANG 22 1,372 2,222 600 1,450
3,282,482 3,155,784 3,488,982 3,401,325
DIBIAYAI OLEH:
MODAL SAHAM 23 542,716 542,705 542,716 542,705

RIZAB 24 2,229,372 2,189,539 2,554,592 2,489,907
DANA PEMEGANG SAHAM 2,772,088 2,732,244 3,097,308 3,032,612

KEPENTINGAN MINORITI 57,381 50,420 – –
TANGGUNGAN JANGKA PANJANG 25 368,448 328,368 307,544 324,016
CUKAI TERTUNDA 26 84,565 44,752 84,130 44,697
3,282,482 3,155,784 3,488,982 3,401,325
90 PENYATA ALIRAN TUNAI DISATUKAN
Nota 2000 1999

RM’000 RM’000
ALIRAN TUNAI DARIPADA AKTIVITI OPERASI
Keuntungan sebelum cukai 141,318 98,958
Pelarasan bagi:
Susutnilai harta tetap 217,797 183,747

Perbelanjaan faedah 34,333 40,768
Pendapatan faedah (129,401) (145,788)
Kerugian/(keuntungan) daripada penjualan harta tetap 3,021 (471)
Bahagian keuntungan tolak kerugian dalam
syarikat-syarikat bersekutu (70,806) (32,509)
Bahagian keuntungan tolak kerugian dalam
syarikat-syarikat usahasama (807) –
Peruntukan bagi penurunan nilai pelaburan-pelaburan
jangka panjang 850 –
Kemasukan semula peruntukan penurunan nilai pelaburan
jangka pendek (10,286) (9,539)
Keuntungan atas pelaburan direalisasi (56,785) (8,221)
Peruntukan hutang ragu 2,097 7,950
(Keuntungan)/kerugian pertukaran matawang asing (6,082) 13,148
Kemasukan semula peruntukan bagi perbelanjaan projek (144,362) (83,634)
(19,113) 64,409
Kurangan inventori 46,793 450,988

(Tambahan)/kurangan penghutang (258,227) 40,215
Tambahan pemiutang 268,039 238,610
Kurangan baki syarikat-syarikat bersekutu 139,011 43,210
176,503 837,432
Cukai dibayar (292,356) (185,474)
Faedah diterima 132,378 129,441
Faedah dibayar (21,871) (54,124)
Aliran (keluar)/masuk tunai bersih daripada aktiviti operasi (5,346) 727,275
PENYATA ALIRAN TUNAI DISATUKAN (sambungan) 91
Nota 2000 1999

RM’000 RM’000
ALIRAN TUNAI DARIPADA AKTIVITI PELABURAN
Pembelian harta tetap (228,871) (362,602)

Pelaburan tambahan dalam sebuah syarikat subsidiari – (100,000)
Pengambilalihan syarikat subsidiari
(bersih tunai dan bersamaan tunai yang diambilalih) 33 (3,800) –
Pembayaran semula pendahuluan daripada syarikat-syarikat
bersekutu 10,665 –
Pembelian pelaburan jangka pendek (259,344) –
Penjualan pelaburan jangka pendek 313,367 32,738
Kutipan penjualan harta tetap 2,675 3,315
Dividen diterima 14,632 158
Aliran keluar tunai bersih daripada aktiviti pelaburan (150,676) (426,391)
ALIRAN TUNAI DARIPADA AKTIVITI PEMBIAYAAN
Dividen dibayar (48,843) (38,561)

Kutipan daripada terbitan modal saham 90 –
Kutipan daripada pinjaman jangka pendek 714,295 1,448,412
Kutipan daripada pinjaman berjangka lain 74,710 –
Pembayaran semula pinjaman pemegang saham (15,839) (15,229)
Pembayaran semula pinjaman berjangka lain (233) –
Ansuran pajakan kewangan dan sewa beli dibayar (3,059) (4,395)
Pembayaran semula pinjaman jangka pendek (646,590) (1,584,446)
Aliran masuk/(keluar) tunai bersih daripada aktiviti pembiayaan 74,531 (194,219)
(KURANGAN)/ TAMBAHAN BERSIH TUNAI DAN BERSAMAAN TUNAI (81,491) 106,665
KESAN KADAR PERTUKARAN ASING (673) (762)
TUNAI DAN BERSAMAAN TUNAI PADA AWAL TAHUN KEWANGAN 1,530,009 1,424,106
TUNAI DAN BERSAMAAN TUNAI PADA AKHIR TAHUN KEWANGAN 34 1,447,845 1,530,009
92 NOTA-NOTA KEPADA AKAUN-AKAUN
31 Mac 2000
1. ASAS PERAKAUNAN
Akaun-akaun disediakan di bawah konvensyen kos sejarah yang telah diubahsuai dengan penilaian semula
tanah milik bebas tertentu menurut standard perakaunan yang diluluskan di Malaysia dan mematuhi Akta
Syarikat, 1965.
2. RINGKASAN DASAR-DASAR PERAKAUNAN PENTING

(a) Asas penyatuan
Akaun-akaun yang disatukan mengandungi akaun-akaun Syarikat dan syarikat-syarikat subsidiari yang
telah disediakan sehingga akhir tahun kewangan. Semua akaun syarikat-syarikat subsidiari disatu
berasaskan kaedah pengambilalihan perakaunan. Akaun untung rugi yang disatukan mengambilkira
keputusan syarikat-syarikat subsidiari yang diambilalih atau dilupuskan dalam tahun kewangan dari
tarikh pengambilalihan atau sehingga ke tarikh pelupusan masing-masing.
(b) Syarikat-syarikat subsidiari

Syarikat-syarikat subsidiari adalah syarikat di mana Syarikat memegang lebih daripada 50%
kepentingan ekuiti jangka panjangnya dan terlibat secara aktif di dalam pengurusannya.
Pelaburan di dalam syarikat-syarikat subsidiari dinyatakan pada kos, tolak peruntukan bagi sebarang
penurunan kekal nilai pelaburan.
(c) Syarikat-syarikat bersekutu

Syarikat bersekutu adalah sebuah syarikat di mana Kumpulan mempunyai kepentingan ekuiti jangka
panjang antara 20% hingga 50% dan di mana Kumpulan mempunyai perwakilan di dalam Lembaga
Pengarah serta mempunyai kuasa untuk melaksanakan pengaruh yang besar ke atas keputusan dasar
kewangan dan operasinya.
Akaun untung rugi yang disatukan termasuk bahagian keputusan daripada syarikat bersekutu
berdasarkan akaun terakhir yang telah diaudit atau akaun pengurusan syarikat berkenaan.
Pelaburan di dalam syarikat-syarikat bersekutu dinyatakan pada kos, tolak peruntukan bagi sebarang
penurunan kekal nilai pelaburan.
Dalam kunci kira-kira yang disatukan, kepentingan Kumpulan di dalam syarikat bersekutu dinyatakan
pada kos termasuk bahagian keuntungan tersimpan dan rizab Kumpulan selepas tarikh pengambilalihan.
(d) Pelaburan
Pelaburan di mana Kumpulan memegang ekuiti jangka panjang kurang daripada 20% dinyatakan
pada kos, tolak peruntukan bagi pengurangan tetap di dalam nilai pelaburan.
Pelaburan yang dipegang bagi tujuan jangka pendek telah dinyatakan pada yang mana lebih rendah
antara kos atau nilai pasaran berdasarkan asas jumlah portfolio.
(e) Muhibah
Muhibah daripada penyatuan mewakili lebihan harga belian ke atas nilai saksama harta bersih
syarikat-syarikat subsidiari pada tarikh pengambilalihan dan ia dihapuskira kepada rizab pada tahun
kewangan pengambilalihan.
NOTA-NOTA KEPADA AKAUN-AKAUN (sambungan) 93
31 Mac 2000
2. RINGKASAN DASAR-DASAR PERAKAUNAN PENTING (sambungan)

(f) Harta tetap dan susutnilai
Sebidang tanah hakmilik bebas yang dipegang oleh Syarikat dinyatakan mengikut penilaian Pengarah
berdasarkan kepada nilai pasaran terbuka yang dibuat pada tahun 1983 oleh penilai profesional
bebas berdasarkan kegunaan tanah semasa. Lebihan yang terhasil daripada penilaian semula telah
dikreditkan terus kepada rizab modal dan seterusnya digunakan.
Para Pengarah telah menggunakan peruntukan perpindahan Standard Perakaunan Antarabangsa

No. 16 (Semakan) bagi Hartanah, Kilang dan Peralatan seperti yang digunapakai oleh Lembaga
Piawaian Perakaunan Malaysia yang membolehkan tanah serta bangunan milikbebas dan pegangan
pajakan dinyatakan pada penilaian lepas masing-masing tolak susutnilai. Sehubungan itu, penilaian ini
telah tidak dikemaskini.
Semua tanah lain yang dipegang oleh Kumpulan dan Syarikat dinyatakan pada kos. Tanah milikbebas
dan kerja dalam pelaksanaan tidak dilunaskan. Semua tanah pegangan pajakan jangka panjang
dilunaskan sepanjang tempoh pajakan masing-masing kecuali sebidang tanah pegangan pajakan
jangka panjang yang dipegang oleh sebuah syarikat subsidiari tidak dilunaskan. Tanah pegangan
pajakan jangka panjang tersebut yang tidak dilunaskan tidak mematuhi Standard Perakaunan
Antarabangsa No. 16 – Hartanah, Kilang dan Peralatan tetapi kesannya tidak begitu ketara.
Semua harta tetap lain kecuali ‘dies dan jigs’ yang termasuk di bawah kilang dan mesin yang dipegang
oleh Kumpulan dan Syarikat dinyatakan pada kos tolak susutnilai terkumpul. Susutnilai dicaj berdasarkan
garis lurus bagi menghapuskira kos harta tersebut sepanjang tempoh jangka hayat kegunaannya.
Kadar tahunan asas susutnilai utama yang digunakan adalah seperti berikut:
Tanah pegangan pajakan jangka panjang Sepanjang tempoh pajakan 98 tahun
Bangunan 2% – 2.5%
Kilang dan mesin 10% – 50%
Peralatan pejabat, perabot, kelengkapan dan kenderaan 10% – 50%
‘Dies dan jigs’, termasuk di bawah kilang dan mesin disusutnilai berdasarkan setiap unit pengeluaran
untuk menghapuskira kos harta sepanjang tempoh jangka hayat kegunaannya dalam jangkamasa
5 hingga 6 tahun.
Kos paten yang dibeli daripada pihak ketiga telah dilunaskan dalam ansuran modal atas sepanjang
tempoh tiga tahun bermula dari tahun selepas pengambilalihan.
Caj faedah yang ditanggung dalam tempoh pembinaan dipermodalkan dan disusutnilaikan sepanjang
hayat harta yang mana ia diagihkan.
(g) Tanah dan perbelanjaan pembangunan

Termasuk di dalam inventori ialah tanah dan perbelanjaan pembangunan yang berupa tanah yang
dipegang untuk pembangunan dan kos pembangunan biasa yang berkaitan dengan projek. Tanah
yang telah dibangunkan dinyatakan pada yang mana lebih rendah antara kos dan nilai boleh
diperolehi bersih.
Semua perbelanjaan ke atas projek belum siap dipermodal dan dimasukkan ke dalam kunci kira-kira
sebagai perbelanjaan pembangunan.
(h) Pajakan
Harta tetap yang diperolehi melalui pajakan kewangan telah dinyatakan sebagai harta tetap dan
dilunaskan berdasarkan Nota 2(f) di atas. Tuntutan ke atas perjanjian tersebut dianggap sebagai
tanggungan dan caj kewangan diperuntukkan kepada akaun untung rugi sepanjang tempoh pajakan
untuk memberikan kadar faedah berkala yang setara ke atas baki tanggungan pajakan. Sewaan
pajakan operasi dicaj kepada akaun untung rugi apabila ditanggung.
94 NOTA-NOTA KEPADA AKAUN-AKAUN (sambungan)
31 Mac 2000

(i) Inventori
Inventori dinyatakan pada yang mana lebih rendah antara kos dan nilai boleh diperolehi bersih.
Kos ditentukan berasaskan masuk dahulu, keluar dahulu kecuali inventori syarikat-syarikat subsidiari
tertentu yang berjumlah RM34,432,000 yang mana kos ditentukan berasaskan kaedah purata wajaran.
Bagi kerja dalam pelaksanaan dan kenderaan siap, bahagian overhed pengeluaran yang sesuai
dimasukkan ke dalam kos.
(j) Penghutang
Penghutang dibawa pada jangkaan nilai yang boleh diperolehi. Peruntukan dibuat bagi hutang ragu
berdasarkan kepada semakan semula tertentu baki tertunggak pada tarikh kunci kira-kira. Peruntukan
am dibuat untuk menampung kerugian kemungkinan yang tidak dikenalpasti secara khusus. Hutang
lapuk dihapuskira pada tahun kewangan yang mana ia dikenalpasti.
(k) Perbelanjaan penyelidikan dan pembangunan

Kos am penyelidikan dan pembangunan termasuk tenaga buruh dan bahan dihapuskira kepada akaun
untung rugi apabila ditanggung.
(l) Peruntukan waranti

Peruntukan dibuat bagi jangkaan tanggungan ke atas semua produk di bawah waranti di samping
tuntutan yang telah diterima. Peruntukan adalah berdasarkan kepada tahap tuntutan yang diterima
sepanjang tempoh waranti.
(m) Faedah persaraan

Selain sumbangan wajib kepada Kumpulan Wang Simpanan Pekerja, Syarikat dan syarikat-syarikat
subsidiari tertentu membuat sumbangan kepada dana yang diluluskan; Skim Faedah Persaraan HICOM
dan Skim Persaraan Lotus, di mana kedua-duanya merupakan rancangan faedah yang ditakrifkan.
(n) Cukai tertunda

Peruntukan bagi cukai tertunda dibuat mengikut kaedah tanggungan bagi cukai tertunda melalui
elaun modal dan perbezaan masa lain, kecuali kesan cukai perbezaan masa itu tidak dijangka akan
berbalik pada masa hadapan yang boleh diramalkan.
(o) Pertukaran matawang asing

Urusniaga di dalam matawang asing pada tahun kewangan ini ditukar kepada Ringgit Malaysia pada
kadar pertukaran yang hampir dengan kadar pada tarikh urusniaga. Harta dan tanggungan
matawang asing pada tarikh kunci kira-kira ditukar kepada Ringgit Malaysia pada kadar pertukaran
yang berkuatkuasa pada tarikh tersebut. Keuntungan dan kerugian daripada pertukaran diuruskan
melalui akaun untung rugi.
Keputusan syarikat-syarikat subsidiari dan bersekutu asing ditukar kepada Ringgit Malaysia pada kadar
purata pertukaran bagi tahun kewangan. Harta dan tanggungan ditukar kepada Ringgit Malaysia
pada kadar yang berkuatkuasa pada tarikh kunci kira-kira. Perbezaan pertukaran yang timbul
daripada pertukaran keputusan bagi tahun tersebut pada kadar purata dan harta dan tanggungan
pada kadar akhir tahun dan penyataan semula pada kadar akhir tahun bagi pelaburan bersih yang
dibawa ke hadapan dalam syarikat-syarikat subsidiari dan bersekutu asing dimasukkan ke dalam
akaun rizab pertukaran matawang asing sebagai komponen ekuiti pemegang saham.
31 Mac 2000

(p) Syarikat-syarikat usahasama
Kepentingan di dalam syarikat-syarikat usahasama diambilkira melalui kaedah ekuiti.
(q) Tunai dan bersamaan tunai

Tunai dan bersamaan tunai terdiri daripada deposit bank dengan tempoh matang kurang dari
3 bulan, baki di bank dan tunai bersih selepas overdraf bank.
(r) Pengiktirafan hasil

Jualan diiktiraf selepas penghantaran produk dan penerimaan pelanggan. Pendapatan dividen
daripada syarikat-syarikat subsidiari dan bersekutu diiktiraf apabila hak Syarikat untuk menerima
dividen ditentukan.
Hasil daripada kontrak kejuruteraan jangka panjang diiktiraf berdasarkan peringkat penyiapan
kontrak berkenaan pada akhir tahun kewangan, di mana hasil kontrak boleh ditentukan dengan
kepastian yang wajar. Kos-kos yang berkaitan dimasukkan ke dalam kos jualan. Peruntukan penuh
telah dibuat bagi semua kerugian yang boleh dijangka daripada kontrak-kontrak yang dimeterai atau
bermula sebelum akhir tahun kewangan.
Hasil daripada jualan pangsapuri diiktiraf apabila Perjanjian Jual Beli ditandatangani.
Sebarang jumlah yang terbit daripada perbezaan masa antara jumlah yang diinvois dengan jumlah
yang diambilkira di dalam akaun untung rugi bagi setiap satu kontrak kejuruteraan, dimasukkan ke
dalam jumlah penghutang dan bayaran terdahulu.
(s) Instrumen lindung nilai derivatif kewangan

Instrumen lindung nilai derivatif kewangan digunakan dalam pengurusan risiko Syarikat bagi
pendedahan matawang asing ke atas tanggungan kewangannya. Prinsip-prinsip perakaunan lindung
nilai (‘hedge accounting principles’) digunakan dalam perakaunan pendedahan terlindung dan
instrumen-instrumen lindungnilainya.
(t) Faedah dipermodalkan

Faedah yang ditanggung ke atas pinjaman tertentu dan boleh dikenalpasti yang digunakan untuk
membeli tanah dan bangunan dipermodalkan sehingga harta-harta tersebut sedia untuk digunakan.
3. PEROLEHAN DAN KEGIATAN UTAMA

Syarikat terlibat terutamanya di dalam pembuatan, pemasangan dan penjualan kenderaan bermotor dan
produk-produk berkaitan.
Kegiatan utama syarikat-syarikat subsidiari dan bersekutu dibentangkan di dalam Nota 19 dan 20 kepada
akaun. Tiada sebarang perubahan besar dalam kegiatan Kumpulan pada tahun kewangan ini.
Perolehan merupakan nilai diinvois jualan barangan dan perkhidmatan yang diberikan dan selepas ditolak
komisyen yang dibayar kepada para pengedar dan cukai-cukai berkaitan.
31 Mac 2000
4. KEUNTUNGAN OPERASI
Kos jualan diiktiraf sebagai perbelanjaan bagi tahun kewangan adalah sebanyak RM5,794.2 juta (1999:
RM3,758.0 juta) dan RM4,991.1 juta (1999: RM2,863.5 juta).
Kumpulan Syarikat
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
Keuntungan operasi diperolehi

selepas mencaj/(mengkredit):
Dividen kasar diterima daripada:

– syarikat subsidiari, tidak tersenarai – – (3,520) (3,872)
– syarikat-syarikat bersekutu,
tidak tersenarai – – (19,026) (9,272)
Susutnilai harta tetap 217,797 183,747 190,617 149,818
Perbelanjaan penyelidikan dan
pembangunan 119,152 104,181 126,960 121,543
Kemasukan semula peruntukan bagi
perbelanjaan projek (144,362) (83,634) (144,362) (83,634)
Peruntukan bagi hutang ragu 2,097 7,950 260,796 10,292
Peruntukan bagi penurunan nilai
pelaburan di dalam syarikat subsidiari – – 14,629 46,937
pelaburan di dalam sebuah syarikat
bersekutu – – 4,200 –
pelaburan jangka panjang 850 – 850 –
Kemasukan semula peruntukan bagi
penurunan nilai pelaburan jangka
pendek (10,286) (9,539) (10,286) (9,539)
Emolumen para Pengarah:
Yuran 87 89 87 89
Ganjaran lain 1,412 1,128 1,412 1,128
Ganjaran juruaudit 1,097 1,114 100 88
Perbelanjaan faedah untuk:
Pinjaman pemegang saham dan
jangka panjang lain 14,470 17,613 14,106 14,721
Pinjaman jangka pendek 19,372 22,246 4,889 5,295
Pajakan kewangan dan sewa beli 491 909 – –
Sewaan pajakan operasi 17,903 15,973 – –
Sewa kilang, mesin dan peralatan 136 181 – –
Sewa premis 4,105 915 – –
Perbelanjaan persediaan Tahun 2000 1,045 6,187 – 10
(Keuntungan)/kerugian pertukaran asing (6,082) 13,148 (2,274) 14,742
Kerugian/(keuntungan) atas penjualan
harta tetap 3,021 (471) 3,536 (802)
Pendapatan sewa (884) (20) (149) –
Pendapatan faedah daripada:
– syarikat-syarikat subsidiari – – (7,663) (25,052)
– syarikat-syarikat bersekutu (57,881) (3,687) (57,881) (3,687)
– lain-lain (71,520) (142,101) (67,855) (122,813)
31 Mac 2000
4. KEUNTUNGAN OPERASI (sambungan)

Faedah disediakan kepada para Pengarah:
Anggaran nilai wang manfaat yang disediakan kepada para Pengarah pada tahun kewangan ini melalui
penggunaan harta dan peruntukan bagi manfaat lain berjumlah RM22,000 (1999: RM27,000) bagi
Kumpulan dan RM22,000 (1999: RM27,000) bagi Syarikat.
5. CUKAI
Kumpulan Syarikat
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
Di Malaysia:
Cukai semasa
– caj bagi tahun 31,148 – 25,923 –
– peruntukan berlebih berhubung
tahun-tahun sebelumnya (29,908) – (30,000) –
Cukai tertunda (Nota 26) 39,813 – 39,433 –
Cukai atas bahagian keuntungan
syarikat-syarikat bersekutu 15,465 350 – –
Di luar Malaysia:
Cukai semasa
– caj bagi tahun 4,199 4,732 – –
– peruntukan berkurangan
berhubung tahun-tahun sebelumnya 697 332 – –
Kredit cukai ke atas kerugian – (1,234) – –
Cukai ke atas bahagian keuntungan
syarikat-syarikat usahasama 239 – – –
61,653 4,180 35,356 –
Menurut Seksyen 8 Akta Cukai Pendapatan (Pindaan) 1999, taksiran cukai pendapatan telah ditukar
daripada berasaskan pendapatan yang diterima pada tahun sebelumnya kepada tahun semasa yang
diterima bermula dari tahun taksiran 2000, dan cukai bagi pendapatan yang diperolehi pada tahun 1999,
kecuali cukai ke atas pendapatan dividen telah diberikan pelepasan.
Sehubungan itu, tiada peruntukan dibuat bagi cukai berhubung pendapatan Syarikat bagi tahun
kewangan berakhir 31 Mac 1999. Penjimatan cukai daripada pelepasan ini bagi Syarikat berjumlah kira-
kira RM37,869,000. Syarikat-syarikat subsidiari dan bersekutu yang bermastautin di Malaysia juga tidak
membuat sebarang peruntukan cukai.
Caj cukai yang timbul di luar Malaysia tertakluk kepada peraturan cukai di negara masing-masing di mana
syarikat-syarikat subsidiari dan bersekutu berkenaan bermastautin.
Kadar cukai berkesan Syarikat bagi tahun kewangan berakhir 31 Mac 2000 adalah lebih tinggi daripada
kadar cukai berkanun disebabkan oleh perbelanjaan tertentu yang tidak dibenarkan untuk tujuan
percukaian.
31 Mac 2000
6. DIVIDEN
Syarikat
2000 1999
RM’000 RM’000
Dividen akhir dikecualikan cukai tambahan daripada saham-saham

yang diterbitkan selepas akhir tahun lepas – –
Interim:
Dividen dikecualikan cukai sebanyak 2.0 sen (1999: Tiada) sesaham 10,854 –
Akhir dicadangkan:
Dividen dikecualikan cukai sebanyak 3.0 sen (1999: 7.0 sen) sesaham 16,282 37,989
27,136 37,989
7. PENDAPATAN SESAHAM
Pendapatan sesaham dikira dengan membahagikan keuntungan selepas cukai dan kepentingan minoriti
Kumpulan sebanyak RM70.6 juta (1999: RM66.8 juta) dengan bilangan purata berwajaran saham biasa
Syarikat dalam terbitan pada tahun kewangan ini sebanyak 542.7 juta (1999: 542.7 juta).
8. INVENTORI
Kumpulan Syarikat
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
Bahan mentah:
Pek kenderaan tercurai sepenuhnya 119,170 149,421 119,930 150,927
Lain-lain 74,350 50,902 9,284 13,335
Alat ganti, aksesori dan stor am 84,191 62,491 25,119 11,631
Kerja dalam pelaksanaan 75,212 120,381 51,240 96,919
Kenderaan siap 206,044 274,643 52,523 42,876
Barangan dalam transit 69,079 39,830 45,001 32,882
628,046 697,668 303,097 348,570

Tanah dan perbelanjaan pembangunan 32,762 15,410 – –
660,808 713,078 303,097 348,570
Kenderaan siap dibawa pada nilai boleh diperolehi bersih yang termasuk di atas berjumlah lebih kurang
RM183,027,000 (1999: RM232,138,000) bagi Kumpulan dan RM25,911,000 (1999: RM41,096,000) bagi Syarikat.
Tanah dan pangsapuri kos sederhana tertentu sedang dibina yang dipegang oleh sebuah syarikat subsidiari
termasuk di dalam tanah dan perbelanjaan pembangunan telah dicagarkan kepada Bank Islam Malaysia
Berhad sebagai sekuriti bagi pinjaman jangka panjang.
Caj faedah dipermodalkan di bawah tanah dan perbelanjaan pembangunan sebuah syarikat subsidiari
pada tahun kewangan ini berjumlah kira-kira RM2,560,000 (1999: RM1,171,000).
31 Mac 2000
9. PENGHUTANG
Kumpulan Syarikat
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
Penghutang perdagangan 629,399 393,872 346,899 235,561

Tolak: Peruntukan hutang ragu (10,089) (14,826) (448) (8,289)
619,310 379,046 346,451 227,272

Penghutang lain dan pembayaran
terdahulu 110,706 87,547 30,612 44,625
Tolak: Peruntukan hutang ragu (9,322) (2,488) (1,964) (2,488)
720,694 464,105 375,099 269,409
10. JUMLAH DIHUTANG OLEH SYARIKAT-SYARIKAT SUBSIDIARI
Syarikat
2000 1999
RM’000 RM’000
Jumlah dihutang oleh syarikat-syarikat subsidiari 452,724 413,831

Peruntukan hutang ragu (259,900) –
192,824 413,831
Termasuk di dalam jumlah dihutang oleh syarikat-syarikat subsidiari adalah pendahuluan berjumlah
RM55,634,000 (1999: RM38,923,000) tanpa tempoh pembayaran balik yang tetap dan faedah dicaj pada
kadar 7.05% hingga 8.35% setahun (1999: 8.30% hingga 12.10%).
11. JUMLAH DIHUTANG OLEH SYARIKAT-SYARIKAT BERSEKUTU
Kumpulan Syarikat
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000

bersekutu 150,480 278,420 140,085 280,236
Termasuk di dalam jumlah dihutang oleh syarikat-syarikat bersekutu adalah pendahuluan berjumlah
RM16,002,000 (1999: RM26,667,000) tanpa tempoh pembayaran balik yang tetap dan faedah dicaj pada
kadar 7.05% hingga 8.05% setahun (1999: 8.30% hingga 12.35%).
31 Mac 2000
12. PELABURAN JANGKA PENDEK
Kumpulan Syarikat
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
Pelaburan tersenarai di Malaysia:
Kos
Saham tersenarai 104,285 85,661 104,285 85,661
Kertas perdagangan dan hutang
korporat 57,358 73,220 57,358 73,220
161,643 158,881 161,643 158,881

Tolak: Peruntukan bagi penurunan nilai (1,433) (11,719) (1,433) (11,719)
160,210 147,162 160,210 147,162
Nilai pasaran pelaburan tersenarai

Saham tersenarai 135,084 71,411 135,084 71,411
Kertas perdagangan dan hutang
korporat 64,238 75,751 64,238 75,751
199,322 147,162 199,322 147,162
Pada 29 Jun 2000, iaitu tarikh akhir yang wajar, nilai pasaran pelaburan tersenarai ialah RM172,771,635.
13. BAKI DI BANK DAN TUNAI SERTA DEPOSIT
Kumpulan Syarikat
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
Dana jangka pendek disimpan dengan:
Bank-bank berlesen 870,348 888,328 843,863 874,378

Gedung-gedung diskaun berlesen 124,427 99,226 124,427 62,032
Institusi kewangan berlesen lain 188,472 538,287 188,472 538,287
1,183,247 1,525,841 1,156,762 1,474,697

Baki di bank dan tunai 290,240 40,525 259,314 15,842
1,473,487 1,566,366 1,416,076 1,490,539
Termasuk di dalam dana jangka pendek adalah deposit berjumlah RM8,834,000 (1999: RM8,702,000)
berhubung dengan geran oleh Kerajaan Malaysia yang akan digunakan untuk bantuan kepada vendor
tempatan yang dipegang sebagai amanah oleh Syarikat. Tanggungan berhubung dengan geran ini
dimasukkan di dalam pemiutang lain.
31 Mac 2000
14. PEMIUTANG
Kumpulan Syarikat
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
Pemiutang perdagangan 703,903 559,274 595,744 428,312

Pemiutang lain dan akruan 1,070,657 1,086,510 465,497 843,608
Pemiutang pajakan dan sewa beli
– bahagian semasa (Nota 25) 1,519 2,690 – –
1,776,079 1,648,474 1,061,241 1,271,920
15. JUMLAH DIHUTANG KEPADA SYARIKAT-SYARIKAT SUBSIDIARI

Jumlah dihutang kepada syarikat-syarikat subsidiari tidak bercagar, tanpa faedah dan tiada tarikh
pembayaran semula yang tetap.
16. JUMLAH DIHUTANG KEPADA SYARIKAT-SYARIKAT BERSEKUTU

Jumlah dihutang kepada syarikat-syarikat bersekutu tidak bercagar, tanpa faedah dan tiada tarikh
pembayaran semula yang tetap.
17. PINJAMAN JANGKA PENDEK
Kumpulan Syarikat
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
Tidak bercagar
Pinjaman pemegang saham

– bahagian semasa (Nota 25) 16,472 15,839 16,472 15,839
Pinjaman jangka pendek 55,053 55,005 – 18,824
Pinjaman pembiayaan semula kredit
eksport (‘ECR’) – 2,055 – 2,055
Penerimaan jurubank 53,602 57,100 48,134 49,864
Overdraf bank 25,642 36,357 – –
150,769 166,356 64,606 86,582
Bercagar
Pinjaman jangka panjang

– bahagian semasa (Nota 25) 16,123 – – –
Pinjaman jangka pendek 64,244 – – –
Penerimaan jurubank 8,081 – – –
239,217 166,356 64,606 86,582
Tiada pinjaman ECR diperolehi pada akhir tahun kewangan ini. Kadar faedah dan diskaun yang dikenakan
ke atas pinjaman jangka pendek tidak bercagar adalah antara 6.65% hingga 9.95% setahun bagi tahun
kewangan 1999 bagi pinjaman ECR dan 2.95% hingga 7.75% (1999: 3.50% hingga 12.25%) setahun bagi
overdraf bank dan penerimaan jurubank. Faedah ke atas pinjaman jangka pendek tidak bercagar adalah
antara 6.50% hingga 7.75% (1999: 1.75% hingga 8.94%) setahun.
31 Mac 2000
17. PINJAMAN JANGKA PENDEK (sambungan)

Pinjaman bercagar jangka pendek dicagar melalui jaminan Syarikat serta inventori sebuah syarikat
subsidiari. Perjanjian subordinat telah dimeterai oleh sebuah syarikat subsidiari, Syarikat dan bank syarikat
subsidiari tersebut di mana jumlah pembayaran semula kepada Syarikat telah disubordinat kepada
pembayaran semula pinjaman jangka pendek.
Penerimaan jurubank dicagar melalui inventori sebuah syarikat subsidiari.
Faedah yang dikenakan ke atas penerimaan jurubank bercagar adalah antara 3.05% hingga 5.80% (1999:
Tiada) setahun.
Faedah ke atas pinjaman berjangka bercagar adalah antara 4.25% hingga 7.92% (1999: Tiada) setahun.
18. HARTA TETAP
Peralatan
pejabat,
Tanah perabot,
Pegang Kilang kelengkapan
Hakmilik pajak jangka dan dan Kerja dalam
bebas panjang Bangunan mesin kenderaan pelaksanaan Jumlah
Kumpulan RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
2000
Kos/nilaian
Pada 1 April 1999 200,655 14,450 614,904 1,630,937 366,928 617,891 3,445,765
Pelarasan kadar
pertukaran asing (155) (191) (1,794) (2,275) (1,855) (357) (6,627)
Tambahan – – 38,934 56,434 80,012 53,669 229,049
Penjualan – – (684) (9,141) (3,284) – (13,109)
Pengkelasan semula – 12,993 36,206 60,242 17,879 (127,320) –
Pada 31 Mac 2000 200,500 27,252 687,566 1,736,197 459,680 543,883 3,655,078
Susutnilai terkumpul
Pada 1 April 1999 – – 100,935 952,854 269,820 – 1,323,609
Pelarasan kadar
pertukaran asing – – (436) (1,394) (1,609) – (3,439)
Dikenakan bagi tahun – 225 12,868 156,477 48,227 – 217,797
Penjualan – – (64) (5,518) (1,831) – (7,413)
Pada 31 Mac 2000 – 225 113,303 1,102,419 314,607 – 1,530,554
Nilai buku bersih

Pada 31 Mac 2000 200,500 27,027 574,263 633,778 145,073 543,883 2,124,524
31 Mac 2000
18. HARTA TETAP (sambungan)
Peralatan
pejabat,
Tanah perabot,
Pegang Kilang kelengkapan
Hakmilik pajak jangka dan dan Kerja dalam
bebas panjang Bangunan mesin kenderaan pelaksanaan Jumlah
Kumpulan RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
1999
Kos/nilaian
Pada 1 April 1998 199,907 14,746 590,314 1,605,026 351,014 361,146 3,122,153
Pelarasan kadar
pertukaran asing (240) (296) (2,790) (3,418) (2,873) (174) (9,791)
Tambahan 988 – 22,344 26,750 27,372 285,148 362,602
Penjualan – – (1,878) (8,538) (9,769) – (20,185)
Pengkelasan semula – – 6,914 11,117 1,184 (19,215) –
Dipindah ke harta
semasa – – – – – (9,014) (9,014)
Pada 31 Mac 1999 200,655 14,450 614,904 1,630,937 366,928 617,891 3,445,765
Pada 1 April 1998 – – 90,985 843,300 230,105 – 1,164,390
Pelarasan kadar
pertukaran asing – – (851) (2,920) (3,400) – (7,171)
Dikenakan bagi tahun – – 12,320 120,602 50,825 – 183,747
Penjualan – – (1,519) (8,128) (7,710) – (17,357)
Pada 31 Mac 1999 – – 100,935 952,854 269,820 – 1,323,609
Nilai buku bersih

Pada 31 Mac 1999 200,655 14,450 513,969 678,083 97,108 617,891 2,122,156
31 Mac 2000
Peralatan
pejabat,
perabot,
Kilang kelengkapan
Hakmilik dan dan Kerja dalam
bebas Bangunan mesin kenderaan pelaksanaan Jumlah
Syarikat RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
2000
Kos/nilaian
Pada 1 April 1999 178,674 454,088 1,456,197 225,357 575,271 2,889,587
Tambahan – 17,689 16,799 37,827 44,022 116,337
Penjualan – – (7,281) (1,583) – (8,864)
Pengkelasan semula – 13,487 60,242 17,952 (91,681) –
Pada 31 Mac 2000 178,674 485,264 1,525,957 279,553 527,612 2,997,060
Pada 1 April 1999 – 64,940 845,209 146,156 – 1,056,305
Dikenakan bagi tahun – 9,445 143,646 37,526 – 190,617
Penjualan – – (3,640) (804) – (4,444)
Pada 31 Mac 2000 – 74,385 985,215 182,878 – 1,242,478
Nilai buku bersih

Pada 31 Mac 2000 178,674 410,879 540,742 96,675 527,612 1,754,582
1999
Kos/nilaian
Pada 1 April 1998 177,686 427,087 1,432,836 204,131 330,879 2,572,619
Tambahan 988 23,813 12,244 20,900 259,881 317,826
Penjualan – – – (858) – (858)
Pengkelasan semula – 3,188 11,117 1,184 (15,489) –
Pada 31 Mac 1999 178,674 454,088 1,456,197 225,357 575,271 2,889,587
Pada 1 April 1998 – 56,188 737,280 113,605 – 907,073
Dikenakan bagi tahun – 8,752 107,929 33,137 – 149,818
Penjualan – – – (586) – (586)
Pada 31 Mac 1999 – 64,940 845,209 146,156 – 1,056,305
Nilai buku bersih

Pada 31 Mac 1999 178,674 389,148 610,988 79,201 575,271 1,833,282
31 Mac 2000

Para Pengarah telah menilai semula sebidang tanah hakmilik bebas Syarikat pada 5 September 1983
berdasarkan satu penilaian profesional bebas. Lebihan sebanyak RM36,881,980 yang timbul daripada
penilaian semula tersebut telah dikreditkan kepada rizab modal dan seterusnya digunakan.
Jika tanah berkenaan dibawa pada kos lampaunya, nilai buku bersih tanah hakmilik bebas yang akan
dimasukkan ke dalam akaun pada akhir tahun ini adalah seperti berikut:
Kumpulan dan Syarikat

2000 1999
RM’000 RM’000
Tanah hakmilik bebas 22,448 22,448
Tanah pegangan pajakan jangka panjang yang dipegang oleh syarikat-syarikat subsidiari tertentu mempunyai
pajakan tidak tamat selama 142 dan 97 tahun pada 31 Mac 2000 (1999: 143 dan 98 tahun).
Hakmilik tanah bagi beberapa syarikat subsidiari tertentu dengan nilai buku bersih RM21,160,204 belum
dipindahkan berikutan pembahagian hakmilik utama.
Caj faedah yang dipermodalkan di dalam harta tetap syarikat-syarikat subsidiari pada tahun kewangan ini
berjumlah RM Tiada (1999: RM3,000).
Nilai buku bersih harta tetap bagi Kumpulan termasuk sejumlah kira-kira RM9,751,000 (1999: RM12,448,000)
yang dibeli di bawah pajakan kewangan.
19. KEPENTINGAN DALAM SYARIKAT-SYARIKAT SUBSIDIARI

Syarikat
2000 1999
RM’000 RM’000
Saham tidak tersenarai pada kos:
Pada 1 April 346,396 246,128

Tambahan pelaburan dalam syarikat-syarikat subsidiari 3,800 100,268
Pada 31 Mac 350,196 346,396
Tolak: Peruntukan bagi penurunan nilai (61,566) (46,937)
288,630 299,459
Pendahuluan kepada syarikat-syarikat subsidiari 118,420 107,532
407,050 406,991
Pendahuluan kepada syarikat-syarikat subsidiari yang ditunjukkan di atas adalah selepas peruntukan bagi
hutang ragu sebanyak RM9,261,000 (1999: RM Tiada) tanpa syarat pembayaran semula yang tetap dan
dikenakan faedah antara 5.25% hingga 8.25% (1999: 8.30% hingga 12.10%). Syarikat telah menyatakan
bahawa pendahuluan tersebut tidak akan diminta dari syarikat-syarikat subsidiari dalam tempoh 12 bulan
akan datang.
31 Mac 2000
19. KEPENTINGAN DALAM SYARIKAT-SYARIKAT SUBSIDIARI (sambungan)

Butir-butir mengenai syarikat-syarikat subsidiari tersebut adalah seperti berikut:
Kepentingan
Negara ekuiti efektif
Nama Kegiatan utama diperbadankan Kumpulan
2000 1999
Proton Corporation Sdn. Bhd. Tidak aktif Malaysia 100% 100%
Proton Properties Sdn. Bhd. Pembangunan hartanah Malaysia 100% 100%
Proton Cars (UK) Ltd.* Pengedar kereta PROTON England 100% 100%
di United Kingdom
Proton MC Metal Sdn. Bhd. Penjualan besi waja Malaysia 75% 75%
dan produk yang berkaitan
Proton Cars (Europe) Ltd.* Untuk menyelenggara England 56% 56%

eksport kereta-kereta PROTON
di Eropah
Proton Parts Centre Sdn. Bhd. Pergudangan, penjualan Malaysia 55% 55%
komponen, alatganti dan
aksesori kenderaan bermotor
Proton Engineering Research Penyelidikan dan Malaysia 100% 100%

Technology Sdn. Bhd. pembangunan enjin dan
teknologi berkaitan automotif
Lotus Group International Ltd.* Pegangan pelaburan England 80% 80%
Proton Cars Australia Pty. Ltd.* Import dan pengedaran Australia 100% 100%
kenderaan bermotor
dan alatganti
Proton Cars Benelux NV. SA.* Untuk menjalankan pemasaran Belgium 100% 100%
dan pengedaran kereta-kereta
PROTON di Belgium
Lotus Cars Asia Pacific Sdn. Bhd. Tidak aktif Malaysia 100% 100%
Auto Compound and Tidak aktif Malaysia 100% 100%

Distribution Centre Sdn. Bhd.
Proton Automobiles Pegangan pelaburan British Virgin 100% –

(China) Ltd. (Tidak aktif) Islands
Syarikat subsidiari Proton

Engineering Research
Technology Sdn. Bhd.
Marco Acquisition Corporation* Syarikat pegangan Amerika 100% –
pelaburan Syarikat
31 Mac 2000
19. KEPENTINGAN DALAM SYARIKAT-SYARIKAT SUBSIDIARI (sambungan)

Kepentingan
2000 1999
Syarikat-syarikat subsidiari
Proton Cars (UK) Ltd.
Smith & Sons Motor Ltd.+ Jualan runcit kereta, England 100% 100%
membaiki dan servis
kenderaan bermotor dan
penjualan alat ganti
Proton Cars Direct Ltd.* Wakil penjualan kereta England 100% 100%
Proton Cars (Imports) Ltd.* Tidak aktif England 100% 100%
Proton Vehicle Contracts (UK) Ltd.* Tidak aktif England 100% 100%
Proton Cars (Ireland) Ltd.* Tidak aktif Republik 100% 100%

Ireland
Syarikat-syarikat subsidiari Lotus

Group International Ltd.
Group Lotus Ltd.* Memegang harta intelektual England 80% 80%
Lotus Cars USA Inc.* Penjualan dan servis kereta Amerika 80% 80%
Syarikat
Group Lotus Ltd.
Lotus Cars Ltd.* Pembuat kereta dan England 80% 80%
perunding kejuruteraan
Lotus Body Engineering Ltd.* Perunding kejuruteraan England 80% 80%
Lotus Motorsports Ltd.* Mengendalikan siri kereta England 80% 80%

perlumbaan satu jenama
Lotus Holdings Inc.* Syarikat induk bagi Amerika 80% –

operasi kejuruteraan Syarikat
di Amerika Utara
Lotus Cars Ltd.
Lotus Engineering Ltd.* Menjalankan kontrak England 80% 80%
kejuruteraan khusus
bagi kecekapan cukai
Lotus Engineering (Malaysia) Perunding kejuruteraan Malaysia 80% –

Sdn. Bhd.
Syarikat subsidiari Lotus Holdings Inc.

Lotus Engineering Inc. * Kemudahan ujian Amerika 80% –
kejuruteraan di Syarikat
Amerika Utara
* Diaudit oleh firma asing bersekutu dengan PricewaterhouseCoopers, Malaysia.

+ Tidak diaudit oleh PricewaterhouseCoopers.
31 Mac 2000
20. KEPENTINGAN DALAM SYARIKAT-SYARIKAT BERSEKUTU
Kumpulan Syarikat
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
Saham tidak tersenarai pada kos:

Pada 1 April 47,862 48,635 47,800 48,635
Pertambahan dalam pelaburan – 62 – –
Pengurangan dalam pelaburan – (835) – (835)
Pada 31 Mac 47,862 47,862 47,800 47,800
Tolak: Peruntukan bagi penurunan nilai (5,799) (5,799) (9,999) (5,799)
42,063 42,063 37,801 42,001

Bahagian rizab selepas pengambilalihan 145,800 116,643 – –
Kepentingan di dalam syarikat-syarikat

bersekutu 187,863 158,706 37,801 42,001
Kumpulan
2000 1999
RM’000 RM’000
Kepentingan dalam syarikat-syarikat bersekutu diwakili oleh:
Bahagian Kumpulan dalam harta ketara bersih 184,037 146,263
Bahagian Kumpulan dalam harta tidak ketara 3,826 12,443
187,863 158,706
Butir-butir syarikat bersekutu adalah seperti berikut:
Kepentingan
2000 1999
PHN Industry Sdn. Bhd. Pembuatan dan penjualan Malaysia 35% 35%
alatan beracuan dan
sub pemasangan komponen
keluli automotif
Usahasama Proton Penjualan kenderaan Malaysia 30% 30%

– DRB Sdn. Bhd. bermotor, alat ganti dan
aksesori
Aluminium Alloy Castings Pembangunan, pembuatan Malaysia 25% 25%

Sdn. Bhd. dan penjualan produk
acuan aloy alumunium
31 Mac 2000
20. KEPENTINGAN DALAM SYARIKAT-SYARIKAT BERSEKUTU (sambungan)

Kepentingan
2000 1999
Marutech Elastomer Pembuatan dan pengeluaran Malaysia 25% 25%

Industries Sdn. Bhd. produk beracuan, ‘extruded’
hos dan hos getah bagi
kenderaan bermotor,
motosikal dan produk lain
yang berkaitan
Technomeiji Rubber Sdn. Bhd. Pembuatan dan pengeluaran Malaysia 25% 25%
hos brek hidraulik, stering
berkuasa dan hos bahanapi
bagi kenderaan bermotor,
motosikal dan produk lain
yang berkaitan
Vina Star Motors Corporation Import, pemasangan dan Republik 25% 25%
pengedaran kereta di Vietnam Sosialis Vietnam
Proton Pilipinas Corporation Pemasangan dan Filipina 20% 20%

pengedaran kereta PROTON
di Filipina
Exedy (Malaysia) Sdn. Bhd. Pembuatan dan pemasangan Malaysia 45% 45%
‘manual clutch’ dan alat
transmisi automatik
PEPS-JV (M) Sdn. Bhd. Pembuatan dan pemasangan Malaysia 21% 21%
‘cross member no. 2’ dan
sistem suspensi belakang
Proton City Development Pemaju hartanah dan Malaysia 40% 40%

Corporation Sdn. Bhd. pengurusan projek
Syarikat bersekutu
Proton Cars (UK) Ltd.
Proton Finance Ltd. Wakil penjual dan England 49.99% 49.99%
kewangan pelanggan
31 Mac 2000
21. KEPENTINGAN DALAM SYARIKAT-SYARIKAT USAHASAMA
Kumpulan
2000 1999
RM’000 RM’000
Pada 1 April – –
Keuntungan tersimpan bagi tahun 568 –
Pada 31 Mac 568 –
Kepentingan dalam syarikat-syarikat usahasama diwakili oleh:
Bahagian Kumpulan dalam harta 41,926 –
Bahagian Kumpulan dalam tanggungan (41,358) –
568 –
Butir-butir syarikat usahasama adalah seperti berikut:
Kepentingan
2000 1999
Advanced Engine Penyelidikan dan Malaysia 50% 50%

Research Sdn. Bhd. pembangunan enjin bagi
bahanapi, minyak pelincir
dan bahan enjin canggih
Syarikat usahasama
Group Lotus Ltd.
Lotus Finance Ltd. Syarikat usahasama bagi England 39.92% 39.92%
membiayai pembelian
kenderaan
22. PELABURAN JANGKA PANJANG
Kumpulan Syarikat
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
Pelaburan tidak tersenarai di Malaysia

pada kos:
Pada 1 April 2,222 850 1,450 850

Tambahan pelaburan – 1,372 – 600
2,222 2,222 1,450 1,450

Tolak: Peruntukan penurunan nilai (850) – (850) –
Pada 31 Mac 1,372 2,222 600 1,450

31 Mac 2000
23. MODAL SAHAM
Syarikat
2000 1999
RM’000 RM’000
Saham biasa berharga RM1 sesaham:

Dibenarkan 1,000,000 1,000,000
Terbitan dan berbayar penuh:

Pada 1 April 542,705 542,705
Diterbitkan di bawah Skim Opsyen Saham Pekerja
Perusahaan Otomobil Nasional Berhad 11 –
Pada 31 Mac 542,716 542,705
Pada 31 Mac 2000, terdapat 6,030,000 (1999: 6,041,000) saham biasa belum diterbitkan di bawah opsyen
yang diberi menurut Skim Opsyen Saham Pekerja Perusahaan Otomobil Nasional Berhad (‘Skim’).
Opsyen menurut Skim ini tamat pada 11 Mac 2003. Sepanjang tahun kewangan ini, 11,000 saham biasa
telah diterbitkan di bawah Skim ini pada harga antara RM8.00 hingga RM8.43 sesaham.
24. RIZAB
Tidak boleh diagih Boleh diagih

Pertukaran
Premium Muhibah matawang Keuntungan 2000 1999
saham dihapuskira asing tersimpan Jumlah Jumlah
Kumpulan RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
Pada 1 April 429,280 (304,590) 3,882 2,060,967 2,189,539 2,278,518

Premium atas saham diterbitkan 79 – – – 79 –
Pertukaran matawang asing – – 467 – 467 (34,941)
Muhibah dihapuskira – (4,171) – – (4,171) (82,881)
Keuntungan tersimpan bagi tahun – – – 43,458 43,458 28,843
Pada 31 Mac 429,359 (308,761) 4,349 2,104,425 2,229,372 2,189,539
Premium Keuntungan 2000 1999

saham tersimpan Jumlah Jumlah
Syarikat RM’000 RM’000 RM’000 RM’000
Pada 1 April 429,280 2,060,627 2,489,907 2,425,624

Premium atas saham diterbitkan 79 – 79 –
Keuntungan tersimpan bagi tahun – 64,606 64,606 64,283
Pada 31 Mac 429,359 2,125,233 2,554,592 2,489,907

31 Mac 2000
24. RIZAB (sambungan)

Di bawah Seksyen 108(6), Syarikat mempunyai kredit cukai yang mencukupi untuk menjelaskan kira-kira
RM1,817 juta (1999: RM1,741 juta) daripada keuntungan tersimpan pada 31 Mac 2000 jika dibayar sebagai
dividen.
Di samping itu, Syarikat mempunyai pendapatan yang dikecualikan cukai pada 31 Mac 2000 berjumlah
kira-kira RM737 juta (1999: RM720 juta) yang tersedia untuk pengagihan sebagai dividen yang
dikecualikan cukai kepada para pemegang saham. Pendapatan dikecualikan cukai ini tertakluk kepada
persetujuan Lembaga Hasil Dalam Negeri.
25. TANGGUNGAN JANGKA PANJANG
Kumpulan Syarikat
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
Pinjaman pemegang saham

– tidak bercagar 324,016 339,855 324,016 339,855
Bahagian perlu dibayar dalam tempoh
dua belas bulan (Nota 17) (16,472) (15,839) (16,472) (15,839)
307,544 324,016 307,544 324,016
Pinjaman jangka panjang – bercagar 74,478 – – –

dua belas bulan (Nota 17) (16,123) – – –
58,355 – – –
Pemiutang pajakan dan sewa beli

– bercagar 4,068 7,042 – –
dua belas bulan (Nota 14) (1,519) (2,690) – –
2,549 4,352 – –
368,448 328,368 307,544 324,016
Kumpulan dan Syarikat

2000 1999
RM’000 RM’000
(a) Pinjaman pemegang saham – tidak bercagar
Pinjaman pemegang saham perlu dibayar seperti berikut:

Dalam tempoh 1 tahun 16,472 15,839
Antara 1 hingga 2 tahun 17,131 16,472
Lebih 5 tahun 234,798 254,068
324,016 339,855
31 Mac 2000
25. TANGGUNGAN JANGKA PANJANG (sambungan)

Pinjaman tidak bercagar daripada satu pemegang saham korporat perlu dibayar melalui 20 ansuran
tahunan selama 25 tahun bermula 5 tahun selepas tarikh pengeluaran pinjaman berkenaan. Pinjaman
berkenaan merangkumi satu pinjaman berjumlah RM61.4 juta (1999: RM64.6 juta) dan satu lagi
sebanyak RM262.6 juta (1999: RM275.2 juta). Pinjaman pertama ini tidak dikenakan faedah bagi
tempoh 5 tahun pertama dan selepas itu, faedah sebanyak 4.25% dikenakan setiap tahun. Faedah
bagi pinjaman kedua dikenakan kadar faedah 4.25% setahun sepanjang tempohnya.
(b) Pinjaman jangka panjang – bercagar

Pinjaman jangka panjang bercagar yang diperolehi oleh beberapa syarikat subsidiari tertentu meliputi:
(i) Kemudahan Kewangan Islam yang diberi oleh Bank Islam Malaysia Berhad menurut hukum Syariah
‘Al-istisna’. Ansuran bulanan tahun pertama bermula dari Mac 2000 adalah semata-mata berhubung
dengan pembayaran keuntungan kepada Bank Islam. Ini akan dimasukkan ke dalam akaun untung rugi.
Pembayaran semula jumlah pokok akan bermula pada bulan Mac 2001 dan perlu dibayar balik
dalam 12 ansuran bulanan.
Pinjaman berjangka ini dicagar melalui cagaran pertama ke atas tanah dan beberapa pangsapuri
kos sederhana yang termasuk dalam perbelanjaan tanah dan pembangunan.
(ii) Pinjaman berjangka diambil daripada sebuah kemudahan untuk membiayai sebuah kontrak
jangka panjang khusus.
Pinjaman berjangka ini perlu dibayar semula dalam 13 ansuran yang sama jumlahnya. Pembayaran
permulaan 2 ansuran telah cukup tempoh pada bulan April 2000, dengan pembayaran suku
tahunan terakhir cukup tempoh pada bulan Disember 2002.
Pinjaman berjangka ini dicagar melalui jaminan Syarikat.
(iii) Nota janji bernilai USD5 juta diberi oleh sebuah institusi kewangan di Amerika Syarikat yang perlu
dibayar semula dalam 60 ansuran bulanan. Ansuran pertama cukup tempoh pada 1 April 2000.
Pinjaman ini dicagar dengan harta dua buah syarikat subsidiari.
Pinjaman berjangka ini dikenakan kadar faedah antara 4.25% hingga 8.14% (1999: Tiada).
(c) Pemiutang pajakan dan sewa beli

Pengaturan pajakan dan sewa beli yang diperolehi oleh sebuah syarikat subsidiari dicagar dengan
harta syarikat subsidiari tersebut.
Analisa komitmen pajakan kewangan dan sewa beli:
Kumpulan Syarikat
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
Perlu dibayar dalam tempoh

1 tahun 1,812 3,025 – –
1 hingga 2 tahun 2,093 2,157 – –
2 hingga 5 tahun 597 2,790 – –
4,502 7,972 – –
Tolak: Caj kewangan (434) (930) – –
4,068 7,042 – –
31 Mac 2000
26. CUKAI TERTUNDA
Kumpulan Syarikat
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
Pada 1 April 44,752 44,752 44,697 44,697

Pindahan dari akaun untung rugi
(Nota 5) 39,813 – 39,433 –
Pada 31 Mac 84,565 44,752 84,130 44,697
Cukai tertunda diperuntukkan dalam

akaun meliputi kesan cukai:
– lebihan elaun modal atas susutnilai 109,386 50,249 108,459 50,194

– perbezaan sementara lain (24,821) (5,497) (24,329) (5,497)
84,565 44,752 84,130 44,697
Cukai tanggungan tertunda tidak

diperuntukkan dalam akaun meliputi
kesan cukai:
– penilaian semula harta tetap untuk
kegunaan jangka panjang 13,981 14,128 2,970 2,970
13,981 14,128 2,970 2,970
27. FAEDAH PERSARAAN KAKITANGAN

Skim Faedah Persaraan HICOM – skim faedah tertakrif
Sebarang caruman untuk faedah persaraan bagi pekerja-pekerja yang layak telah dibayar oleh Syarikat
dan beberapa syarikat subsidiari tertentu ke dalam Skim Faedah Persaraan HICOM, sebuah dana yang
diluluskan dan yang bebas daripada kewangan Kumpulan. Kadar caruman ditentukan dari semasa ke
semasa dengan mendapatkan nasihat aktuari.
Penilaian aktuari terakhir menggunakan ‘Kaedah Pencapaian Umur’ (Attained Age Method), satu bentuk
kaedah Penilaian Faedah Yang Diunjur, adalah pada 31 Mac 2000. Penilaian aktuari ke atas skim ini yang
dibiayai sepenuhnya, menunjukkan bahawa skim ini mempunyai harta yang mencukupi untuk memenuhi
tanggungannya.
31 Mac 2000
27. FAEDAH PERSARAAN KAKITANGAN (sambungan)

Skim Kumpulan Lotus – skim faedah tertakrif
Lotus Group International Ltd. dan syarikat-syarikat subsidiarinya (‘Kumpulan Lotus’), mengendalikan suatu
skim faedah persaraan tertakrif iaitu Skim Persaraan Lotus. Harta-harta dipegang oleh tabung pemegang
amanah yang berasingan. Selain itu, ia juga menyediakan perlindungan insurans nyawa untuk semua
pekerjanya.
Caruman kepada skim ini dicaj kepada akaun untung rugi untuk membahagikan kos persaraan ke atas
jangka hayat kerja kakitangan dalam Kumpulan Lotus. Jumlah caruman ditentukan oleh aktuari bertauliah
berdasarkan kepada penilaian yang dibuat setiap tiga tahun. Penilaian terbaru ialah pada 31 Disember
1996 menggunakan kaedah unit yang diunjur. Andaian yang menimbulkan kesan yang paling ketara ke
atas penilaian adalah yang berkaitan dengan kadar pulangan ke atas pelaburan dan kadar kenaikan gaji
dan pencen. Diandaikan bahawa pulangan pelaburan tahunan ialah 8.5%, purata peningkatan gaji adalah
6.5% dan jaminan minimum pencen akan meningkat pada kadar 3% setahun.
Penilaian aktuari yang terbaru menunjukkan bahawa nilai pasaran harta skim ini adalah lebih kurang
RM42.2 juta (£6.9 juta) dan nilai aktuari harta-harta tersebut mewakili 107% daripada nilai faedah yang
terakru kepada ahli, selepas mengambilkira jangkaan peningkatan pendapatan masa hadapan dan faedah-
faedah yang dipertimbangkan.
Para Pengarah telah meneruskan dasar yang diamalkan pada April 1997 yang menggalakkan keahlian skim
berkenaan yang telah terus meningkat sepanjang tahun.
28. MAKLUMAT SEGMEN

Kegiatan utama Kumpulan ialah dalam industri otomobil iaitu pembuatan, pemasangan, perdagangan dan
pembekalan khidmat kejuruteraan dan servis lain yang berkaitan dengan kenderaan bermotor dan produk
berkaitan. Sehubungan itu, tiada maklumat segmen dirasakan perlu untuk dianalisis mengikut segmen
industri.
Analisis perolehan Kumpulan, keputusan dan jumlah harta yang digunakan mengikut lokasi geografi
adalah seperti berikut:
Perolehan Keuntungan sebelum cukai Jumlah harta digunakan

2000 1999 2000 1999 2000 1999
RM juta RM juta RM juta RM juta RM juta RM juta
Malaysia 5,329.7 3,003.2 85.2 15.0 4,456.2 4,467.8

Negara-negara lain 1,167.0 1,071.8 (38.9) (21.0) 1,023.8 984.4
Perolehan Kumpulan 6,496.7 4,075.0
Keuntungan/(kerugian) Kumpulan
sebelum faedah 46.3 (6.0)
Pendapatan faedah bersih 95.0 105.0
Keuntungan Kumpulan
sebelum cukai 141.3 99.0
Jumlah harta Kumpulan digunakan 5,480.0 5,452.2

31 Mac 2000
29. KOMITMEN MODAL DAN KOMITMEN LAIN
Kumpulan Syarikat
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
Komitmen modal
Perbelanjaan modal dibenarkan tidak
disediakan dalam akaun:
– dikontrak 196,074 180,737 170,504 156,356

– tidak dikontrak 2,470,927 2,089,570 2,444,287 2,081,976
2,667,001 2,270,307 2,614,791 2,238,332
Komitmen lain
Pada 31 Mac 2000, kuantiti prinsipal bayaran tertunggak kontrak instrumen kewangan derivatif yang
dimeterai oleh Syarikat berjumlah RM340 juta (1999: RM387 juta).
Kesemua instrumen ini dilaksanakan dengan beberapa institusi kewangan yang mempunyai kewibawaan
kredit yang memuaskan. Para Pengarah berpendapat bahawa kemungkinan kesemua institusi kewangan
ini menghadapi masalah tidak berbayar adalah tipis berdasarkan keteguhan kedudukan kewangan masing-
masing.
30. PAJAKAN OPERASI

Pada 31 Mac 2000 Kumpulan komited untuk membuat beberapa pembayaran berikut berhubung dengan
pajakan operasi yang tamat tempoh:
Kumpulan
2000 1999
RM’000 RM’000
Dalam tempoh 1 tahun 2,080 353

Lebih 5 tahun 172 6,131
15,452 12,001
Termasuk di dalam jumlah yang dinyatakan di atas berhubung pajakan operasi tamat dalam tempoh satu
tahun, antara satu hingga lima tahun dan lebih lima tahun ialah RM Tiada (1999: RM Tiada), RM716,000
(1999: RM Tiada) dan RM Tiada (1999: RM645,000) masing-masing bagi tanah dan bangunan. Baki sewa
pajakan operasi yang perlu dibayar adalah berhubung dengan kilang dan mesin.
31 Mac 2000
31. URUSNIAGA DAN BAKI PIHAK BERKAITAN YANG PENTING

Di dalam urusan biasa perniagaan, Syarikat melaksanakan berbagai urusniaga mengikut terma yang
dipersetujui bersama dengan syarikat-syarikat subsidiari dan bersekutunya, syarikat-syarikat lain yang
dianggap pihak berkaitan kerana menjadi ahli kumpulan syarikat DRB-HICOM dan pihak-pihak berkaitan
yang lain. Pihak-pihak berkaitan dan syarikat dalam kumpulan DRB-HICOM, yang Kumpulan dan Syarikat
berurusan dengannya termasuk syarikat-syarikat berikut, berserta syarikat-syarikat subsidiari dan bersekutu
masing-masing:
Pihak-pihak berkaitan Perhubungan
HICOM Holdings Berhad (‘HICOM’) Syarikat adalah syarikat bersekutu HICOM
Gadek (Malaysia) Berhad (‘GMB’) HICOM adalah syarikat bersekutu GMB
Gadek Capital Berhad (‘GCB’) GCB adalah syarikat subsidiari GMB
Diversified Resources Berhad (‘DRB’) GMB adalah syarikat bersekutu DRB
Edaran Otomobil Nasional Berhad (‘EON’) EON adalah syarikat bersekutu HICOM
Gadek Asset Management Sdn. Bhd. (‘GAM’) HICOM adalah syarikat bersekutu GAM
Credit Corporation (Malaysia) Berhad (‘CCM’) CCM adalah syarikat bersekutu GMB
Mitsubishi Corporation, Jepun Pemegang saham korporat
Mitsubishi Motors Corporation, Jepun Pemegang saham korporat
Urusniaga dan baki pihak berkaitan yang penting antara Kumpulan dan Syarikat dan entiti-entiti ini
adalah seperti berikut:
Urusniaga pihak berkaitan
Kumpulan Syarikat
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
(a) Penjualan barangan/perkhidmatan

kepada:
– syarikat-syarikat subsidiari – – 224,774 149,413
– syarikat-syarikat bersekutu 1,333,083 669,196 1,312,043 657,910
– pihak-pihak berkaitan 3,711,312 2,050,723 3,597,413 1,946,506
(b) Pembelian barangan/perkhidmatan

daripada:
– syarikat-syarikat bersekutu 153,734 68,549 146,987 65,840
– pihak-pihak berkaitan 2,480,925 1,006,958 2,315,786 955,262
(c) Pendapatan faedah diterima

daripada:
– syarikat-syarikat bersekutu 57,881 3,687 57,881 3,687
(d) Perbelanjaan faedah dibayar kepada:

– pihak-pihak berkaitan 14,106 14,721 14,106 14,721
(e) Yuran teknikal dan royalti

dibayar kepada:
– pihak-pihak berkaitan 14,921 6,414 14,921 6,414
31 Mac 2000
31. URUSNIAGA DAN BAKI PIHAK BERKAITAN YANG PENTING (sambungan)

Baki-baki pihak berkaitan
Selain daripada baki dengan syarikat-syarikat subsidiari dan bersekutu yang dinyatakan di muka surat lain
di dalam akaun ini, dibentangkan di bawah ini baki dengan syarikat-syarikat lain yang dianggap sebagai
pihak berkaitan yang masih tertunggak pada akhir tahun adalah seperti berikut:
Kumpulan Syarikat
2000 1999 2000 1999
RM’000 RM’000 RM’000 RM’000
Terimaan pihak berkaitan

Pihak-pihak berkaitan yang termasuk
dalam penghutang 267,494 225,054 246,183 207,092
Pihak berkaitan perlu dibayar

Pihak-pihak berkaitan yang termasuk
dalam pemiutang 77,282 59,940 67,585 52,963
Baki di bank dan deposit jangka

pendek dengan pihak-pihak
berkaitan
Pihak-pihak berkaitan 117,000 460,145 117,000 447,515
Pinjaman daripada pihak-pihak berkaitan ditunjukkan dalam Nota 25 kepada akaun.
32. TANGGUNGAN LUARJANGKA (TIDAK BERCAGAR)
Syarikat
2000 1999
RM’000 RM’000
Jaminan diberi kepada bank-bank bagi beberapa kemudahan

yang diberi kepada syarikat-syarikat subsidiari dan bersekutu 481,191 378,440
Jaminan tidak dilindungi dalam matawang asing adalah seperti berikut:
Dolar AS (‘USD’) USD1,750,000 (1999: USD1,750,000) 6,694 6,694

Dolar Australia (‘AUD’) AUD20,200,000 (1999: AUD10,200,000) 47,531 24,602
Pound Sterling (‘£’) £69,800,000 (1999: £56,000,000) 426,966 347,144
481,191 378,440
31 Mac 2000
33. PENGAMBILALIHAN SYARIKAT SUBSIDIARI

Pada tahun kewangan ini, Syarikat telah mengambilalih seluruh modal terbitan dan berbayar Proton
Automobiles (China) Ltd. yang meliputi 2 saham biasa berharga USD1 sesaham dengan bayaran sebanyak
USD1,000,000. Ringkasan kesan pengambilalihan tersebut ke atas aliran tunai Kumpulan pada tarikh
pengambilalihan dibentangkan di bawah ini:
RM’000
Tunai *
Muhibah 3,800
Jumlah pembelian (bayaran tunai) 3,800

Tolak: Tunai *
Aliran keluar tunai daripada pengambilalihan bersih tunai dan bersamaan tunai 3,800
*RM8
34. TUNAI DAN BERSAMAAN TUNAI
Kumpulan
2000 1999
RM’000 RM’000
Dana jangka pendek dengan kematangan kurang 3 bulan

disimpan dengan:
Bank-bank berlesen 870,348 888,328

Gedung-gedung diskaun berlesen 124,427 99,226
Institusi kewangan berlesen lain 188,472 538,287
1,183,247 1,525,841
Baki di bank dan tunai 290,240 40,525
Overdraf bank (25,642) (36,357)
1,447,845 1,530,009
Termasuk di dalam tunai dan bersamaan tunai pada 31 Mac 2000 adalah wang yang dipegang di bawah
Akaun Pembangunan Perumahan menurut Seksyen 7A Pembangunan Perumahan (Akta Kawalan dan
Pelesenan 1966 (Akta 118)) dianggarkan berjumlah RM78,000 (1999: RM Tiada).
35. PERISTIWA-PERISTIWA PENTING

Pada 3 Mac 2000, Syarikat telah menyertai Perjanjian Jual Beli bagi pengambilalihan sebanyak 11 juta
saham yang merupakan 55% daripada ekuiti Usahasama Proton-DRB Sdn. Bhd. dengan Diversified
Resources Berhad (10.2 juta saham) dan Erat Bakti Sdn. Bhd. (800,000 saham). Pengambilalihan ini sedang
dijalankan.
120 PENYATA OLEH PARA PENGARAH
Menurut Seksyen 169(15) Akta Syarikat, 1965
Kami, Tan Sri Dato’ Seri Mohd Saleh bin Sulong dan Tengku Tan Sri Mahaleel bin Tengku Ariff, dua orang
daripada Pengarah Perusahaan Otomobil Nasional Berhad, dengan ini menyatakan bahawa, pada pendapat
para Pengarah, akaun-akaun yang dibentangkan di muka surat 88 hingga 119 telah disediakan untuk
memberikan gambaran yang benar dan saksama mengenai kedudukan Kumpulan dan Syarikat pada 31 Mac
2000 dan keputusan Kumpulan dan Syarikat serta aliran tunai Kumpulan bagi tahun kewangan berakhir pada
tarikh tersebut menurut standard-standard perakaunan berkenaan yang diluluskan di Malaysia dan mematuhi
Akta Syarikat, 1965.
Bagi pihak Lembaga Pengarah
TAN SRI DATO’ SERI MOHD SALEH TENGKU TAN SRI MAHALEEL
BIN SULONG BIN TENGKU ARIFF
Pengerusi Ketua Pegawai Eksekutif
Shah Alam
25 Julai 2000
PERAKUAN BERKANUN
Menurut Seksyen 169(16) Akta Syarikat, 1965
Saya, Tan Seng Lee, pegawai utama yang bertanggungjawab terhadap pengurusan kewangan Perusahaan
Otomobil Nasional Berhad, dengan sesungguh dan seikhlasnya mengakui bahawa akaun-akaun yang
dibentangkan di muka surat 88 hingga 119, pada sepanjang pengetahuan dan kepercayaan saya adalah betul
dan saya membuat akuan ini dengan penuh kepercayaan akan kebenarannya, dan menurut peruntukan-
peruntukan Akta Akuan Berkanun, 1960.
TAN SENG LEE
Ditandatangani dan diakui sesungguhnya oleh penama di atas

Tan Seng Lee di Kuala Lumpur, Malaysia pada 25 Julai 2000.
Di hadapan saya,
MAISHARAH BINTI ABU HASAN

Pesuruhjaya Sumpah
LAPORAN JURUAUDIT 121
kepada Ahli-ahli Syarikat Perusahaan Otomobil Nasional Berhad (No. Syarikat 100995-U)
Kami telah mengaudit akaun-akaun yang dibentangkan di muka surat 88 hingga 119. Akaun-akaun tersebut
adalah tanggungjawab para Pengarah Syarikat. Tanggungjawab kami adalah untuk menyatakan pendapat ke
atas akaun-akaun tersebut berdasarkan audit kami.
Kami telah menjalankan audit kami mengikut standard-standard audit berkenaan yang diluluskan di Malaysia.
Standard-standard itu memerlukan kami merancang dan melaksanakan audit untuk memperolehi keyakinan
yang munasabah mengenai sama ada akaun-akaun ini bebas daripada kenyataan-kenyataan penting yang salah
nyata. Sesuatu audit merangkumi pemeriksaan, secara ujian, bukti yang menyokong jumlah-jumlah dan
penyataan di dalam akaun. Audit ini juga meliputi penaksiran terhadap penggunaan prinsip-prinsip
perakaunan dan anggaran-anggaran penting yang dibuat oleh para Pengarah, serta penilaian ke atas
pembentangan akaun secara keseluruhannya. Kami percaya audit kami menyediakan asas yang munasabah
untuk kami memberikan pendapat.
Pada pendapat kami:
(a) akaun-akaun tersebut memberikan gambaran yang benar dan saksama berhubung kedudukan Kumpulan
dan Syarikat pada 31 Mac 2000 dan keputusan Kumpulan dan Syarikat serta aliran tunai Kumpulan bagi
tahun kewangan yang berakhir pada tarikh tersebut menurut standard-standard perakaunan berkenaan
yang diluluskan di Malaysia dan mematuhi Akta Syarikat 1965; dan
(b) rekod perakaunan dan rekod-rekod lain serta daftar-daftar yang dikehendaki oleh Akta disimpan oleh
Syarikat dan syarikat-syarikat subsidiari yang diaudit oleh kami telah disimpan dengan sempurna menurut
peruntukan-peruntukan Akta tersebut.
Nama syarikat-syarikat subsidiari yang tidak diaudit oleh kami dinyatakan dalam Nota 19 kepada akaun. Kami
telah mempertimbangkan akaun syarikat-syarikat subsidiari tersebut dan laporan juruaudit mengenainya.
Kami berpuashati bahawa akaun syarikat-syarikat subsidiari yang telah disatukan dengan akaun Syarikat adalah
dalam bentuk dan kandungan yang bersesuaian dan teratur untuk tujuan penyediaan akaun yang disatukan,
dan kami telah menerima maklumat yang memuaskan serta keterangan-keterangan yang diperlukan untuk
tujuan-tujuan tersebut.
Laporan juruaudit ke atas akaun syarikat-syarikat subsidiari yang telah disatukan tidak dikenakan sebarang
pengecualian dan tidak mengandungi sebarang teguran mengikut Seksyen 174 subseksyen (3) Akta tersebut.
PRICEWATERHOUSECOOPERS
(No. AF: 1146)
Akauntan Awam
MOHAMMAD ZAINAL BIN SHAARI

(No. 1924/10/00 (J))
Rakan dalam firma
Kuala Lumpur
25 Julai 2000
This page is intentionally left blank.
Mukasurat ini sengaja dibiarkan kosong.
Perusahaan Otomobil
Nasional Berhad
FORM OF PROXY (Company No: 100995-U)
NUMBER OF SHARES
I/We ___________________________________________________________________________________________________________
of ______________________________________________________________________________________________________________
being a member/members of PERUSAHAAN OTOMOBIL NASIONAL BERHAD, hereby appoint _______________________
_________________________________________________________________________________________________________________
of ______________________________________________________________________________________________________________
or failing him/her _______________________________________________________________________________________________
of ______________________________________________________________________________________________________________
or failing him/her, the Chairman of the Meeting as my/our proxy to vote for me/us on my/our behalf at the
Seventeenth (17th) Annual General Meeting of the Company to be held at Glenmarie Ballroom, The Pan Pacific
Glenmarie Resort, 1, Jalan Usahawan U1/8, Seksyen U1, 40250 Shah Alam, Selangor Darul Ehsan, on Thursday,
14 September 2000 at 4.00 pm and at any adjournment thereof.
My/Our proxy is to vote as indicated below:-
RESOLUTIONS IN FAVOUR AGAINST

ORDINARY BUSINESS:-
ORDINARY RESOLUTION
1. Adoption of Reports of the Directors and Auditors and
the Audited Statement of Accounts for the year ended
31 March 2000. Resolution 1
2. Declaration of a final tax exempt dividend of 3 sen
per ordinary share. Resolution 2
3. Election of Directors
Under Article 103
i) Tuan Haji Faisal @ Ibrahim bin Siraj Resolution 3
ii) Mr Kenji Matsuo Resolution 4
iii) Y.Bhg. Datuk Kisai bin Rahmat Resolution 5
Under Article 110
i) Mr Masao Miyamoto Resolution 6
ii) Mr Takeshi Ota Resolution 7
iii) Mr Atsushi Saruhashi Resolution 8
4. Approval of Directors’ fees of RM87,000.00. Resolution 9
5. Re-appointment of Auditors and authorising the Directors
to fix their remuneration Resolution 10
SPECIAL BUSINESS:-
SPECIAL RESOLUTION
6. i) Authorising Directors pursuant to Section 132D of the
Companies Act, 1965, to issue shares in the Company
at any time and in accordance with the terms and
conditions of the Scheme. Resolution 11
ii) Authorising Directors to issue shares not exceeding
10 per cent of the Issued Share Capital. Resolution 12
(Please indicate with “X” how you wish to cast your vote.)
Signed this ______________ day of ______________ 2000.
___________________________________
Signature/Company Seal
NOTES:-
1. A member of the Company entitled to attend and vote at the meeting is entitled to appoint one or more proxies to attend and
vote in his stead. A proxy need not be a member of the Company.
2. The instrument appointing the proxy must be deposited at the office of the Registrars, Panama Resources Sendirian Berhad,
23, Jalan Sri Hartamas 7, Sri Hartamas, 50480 Kuala Lumpur not less than forty eight (48) hours before the time appointed for
the meeting.
3. If the appointer is a corporation, this form must be executed under its common seal or under the hand of its attorney, duly authorised.
Perusahaan Otomobil
Nasional Berhad
BORANG PROKSI (Company No: 100995-U)
JUMLAH SAHAM
Saya/Kami ______________________________________________________________________________________________________
beralamat ______________________________________________________________________________________________________
sebagai ahli/ahli-ahli PERUSAHAAN OTOMOBIL NASIONAL BERHAD, dengan ini melantik ___________________________
_________________________________________________________________________________________________________________
beralamat ______________________________________________________________________________________________________
atau jika beliau tidak dapat hadir _______________________________________________________________________________
beralamat ______________________________________________________________________________________________________
atau jika beliau tidak dapat hadir, Pengerusi Mesyuarat sebagai proksi saya/kami untuk mengundi bagi pihak
saya/kami di Mesyuarat Agung Tahunan ke Tujuh Belas (17) Syarikat yang akan diadakan di Glenmarie Ballroom,
The Pan Pacific Glenmarie Resort, 1, Jalan Usahawan U1/8, Seksyen U1, 40250 Shah Alam, Selangor Darul Ehsan, pada
hari Khamis, 14 September 2000 pada jam 4.00 petang dan pada bila-bila tarikh penangguhannya.
Proksi saya/kami hendaklah mengundi sebagaimana yang dinyatakan di bawah ini:-
RESOLUSI-RESOLUSI MENYOKONG MENENTANG

URUSAN BIASA:-
RESOLUSI BIASA
1. Penerimaan Laporan-laporan Pengarah dan Juruaudit dan
Penyata Perakaunan yang telah diaudit bagi tahun yang
berakhir pada 31 Mac 2000. Resolusi 1
2. Pengisytiharan dividen akhir terkecuali cukai sebanyak 3 sen
sesaham biasa. Resolusi 2
3. Perlantikan Pengarah-Pengarah
i) Tuan Haji Faisal @ Ibrahim bin Siraj Resolusi 3
ii) Encik Kenji Matsuo Resolusi 4
iii) Y.Bhg. Datuk Kisai bin Rahmat Resolusi 5
i) Encik Masao Miyamoto Resolusi 6
ii) Encik Takeshi Ota Resolusi 7
iii) Encik Atsushi Saruhashi Resolusi 8
4. Meluluskan bayaran para Pengarah sebanyak RM87,000.00. Resolusi 9
5. Perlantikan semula Juruaudit dan memberi kuasa kepada
para Pengarah untuk menetapkan bayaran kepada mereka. Resolusi 10
URUSAN KHAS:-
RESOLUSI BIASA
6. i) Memberi kuasa kepada para Pengarah mengikut
Seksyen 132D Akta Syarikat, 1965, untuk menerbitkan
saham-saham dalam Syarikat pada bila-bila masa di atas
terma-terma dan syarat-syarat Skim tersebut. Resolusi 11
ii) Memberi kuasa kepada para Pengarah ke atas terbitan
saham tidak melebihi 10 peratus daripada Modal
Saham Terbitan. Resolusi 12
(Sila tandakan dengan “X” kepada pengundian yang anda kehendaki)
Ditandatangani pada ______________ haribulan ______________ 2000.
___________________________________
Tandatangan/Meterai
NOTA-NOTA:-
1. Seorang ahli Syarikat yang berhak menghadiri dan mengundi dalam mesyuarat ini berhak melantik seorang atau lebih dari
seorang proksi untuk menghadiri dan mengundi bagi pihak dirinya. Seseorang proksi tidak semestinya seorang ahli Syarikat.
2. Surat cara perlantikan proksi mestilah disampaikan ke pejabat Pendaftar, Panama Resources Sendirian Berhad, 23, Jalan Sri
Hartamas 7, Sri Hartamas, 50480 Kuala Lumpur, tidak lewat daripada empat puluh lapan (48) jam sebelum waktu yang dijadualkan
untuk bermesyuarat.
3. Sekiranya pihak yang melantik itu sebuah pertubuhan, borang ini hendaklah disempurnakan dengan menggunakan meterai
pertubuhan tersebut atau ditandatangani oleh pegawai yang diberi kuasa.

Proton Annual Report 2000

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Proton Annual Report 2000

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Perusahaan Otomobil

Semangat Pencapaian • Spirit of Achievement

Sempena pencapaian PROTON yang bersejarah dalam mengeluarkan kereta yang

pertama kali direkabentuk di Malaysia, PROTON juga telah menukar logo

KEPADA PARA PEMEGANG SAHAM

DRB-HICOM Group Mission Statement Management Committee 18

Five Years Financial Highlights 2 Chairman’s Statement 20

Notice Of Annual General Meeting 6 Corporate Diary 1999/2000 32

Corporate Structure 10 Shareholdings Statistics 35

Corporate Information 12 Properties Owned By PROTON Group 36

Audit Committee Charter 15 Financial Statements 42

Organisation Chart 17 Form of Proxy

The DRB-HICOM Group is a advantages crucial to domestic and • Services

Penyata Misi Kumpulan DRB-HICOM 1 Jawatankuasa Pengurusan 18

Maklumat Kewangan Untuk Lima Tahun 4 Perutusan Pengerusi 20

Notis Mesyuarat Agung Tahunan 8 Diari Korporat 1999/2000 32

Struktur Korporat 10 Statistik Pemegang Saham 35

Maklumat Korporat 12 Harta Milik Kumpulan PROTON 36

Piagam Jawatankuasa Audit 16 Penyata Kewangan 82

Carta Organisasi 17 Borang Proksi

KEPELBAGAIAN PERINDUSTRIAN GLOBAL

Kumpulan DRB-HICOM merupakan berusaha meningkatkan unsur- • Sektor Perkhidmatan

PERUSAHAAN OTOMOBIL NASIONAL BERHAD

BALANCE SHEET as at 31 March

PROFIT & LOSS for year ended 31 March

Keuntungan Sebelum Cukai

(RM Million / RM Juta)

Group / Kumpulan 200

PERUSAHAAN OTOMOBIL NASIONAL BERHAD

KUNCI KIRA-KIRA pada 31 Mac

Dana Pemegang Saham

AKAUN UNTUNG RUGI bagi tahun berakhir 31 Mac

Profit After Taxation

(RM Million / RM Juta)

Group / Kumpulan 400

PERUSAHAAN OTOMOBIL NASIONAL BERHAD

Under Article 110

5. To re-appoint Messrs. PricewaterhouseCoopers as Auditors of the Company and to

NOTICE OF CLOSURE OF BOOKS

By Order of the Board,

Normah bte Kassim

PERUSAHAAN OTOMOBIL NASIONAL BERHAD

3. Melantik Pengarah-pengarah berikut yang bersara mengikut Tataurusan Syarikat:-

Di bawah Artikel 110

5. Melantik semula Tetuan PricewaterhouseCoopers sebagai Juruaudit Syarikat dan memberi

7. Sebagai Urusan Khas:-

NOTIS PENUTUPAN BUKU

(b) Saham-saham yang dipindahkan ke dalam Akaun Sekuriti Penyimpan sebelum

Dengan Perintah Lembaga Pengarah,

Normah bte Kassim

1. Nota-nota:- 2. Nota-nota Penerangan Kepada 2.2 Resolusi Biasa no. (ii)

PERUSAHAAN OTOMOBIL NASIONAL BERHAD

SUBSIDIARIES / SUBSIDIARI ASSOCIATED / BERSEKUTU

Assembling Proton Automobiles

Auto Compound and

Engineering Proton Properties

Trading Proton MC Metal

Sales PEPS-JV (M)

Vina Star Motors

Proton City Development

PERUSAHAAN OTOMOBIL NASIONAL BERHAD

BOARD OF DIRECTORS / LEMBAGA PENGARAH

3 Y.Bhg. Datuk Kisai bin Rahmat

4 5 Encik Abbas bin Mehad 6