ADVENTA AnnualReport2012

w w w . a d v e n t a . c o m .
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ideas for better life
annual report 2012
for the financial year ended 31 October 2012
w w w . a d v e n t a . c o m . m y
ideas for better life
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Contents
Corporate Information
Group Corporate Structure
Chairman & Managing Directors Statement
Directors Profiles
Corporate Governance Statement
Audit Committee Report
Internal Control Statement
Responsibility Statement by the Board of Directors
Financial Statements
List of Properties
Statistics of Shareholdings
Notice of Tenth Annual General Meeting
Form of Proxy
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ADVENTA BERHAD 618533-M 2
AUDIT COMMITTEE
Chairman
Toh Seng Thong
Members
Edmond Cheah Swee Leng
Dato Dr. Norraesah Binti Haji Mohamad
NOMINATION COMMITTEE
Chairman
Member
Toh Seng Thong
REMUNERATION COMMITTEE
Chairman
Members
Low Chin Guan
Toh Seng Thong
COMPANY SECRETARY
Chua Siew Chuan (MAICSA 0777689)
REGISTERED OFFICE
1, Jalan 8, Pengkalan Chepa 2 Industrial Zone
16100 Kota Bharu, Kelantan
Tel : 09-774 4332
Fax : 09-771 3072
REGISTRAR
Securities Services (Holdings) Sdn. Bhd.
Level 7, Menara Milenium, Jalan Damanlela
Pusat Bandar Damansara
Damansara Heights
50490 Kuala Lumpur
Tel : 03-2084 9000
Fax : 03-2094 9940
PRINCIPAL BANKERS
HSBC Bank Malaysia Berhad
OCBC Bank (Malaysia) Berhad
Standard Chartered Bank Malaysia Berhad
AUDITORS
Ernst & Young
Chartered Accountants
Tingkat 4, Bangunan PKINK
Jalan Tengku Maharani
15000 Kota Bharu
Kelantan
STOCK EXCHANGE LISTING
Main Market of Bursa Malaysia Securities Berhad
KWEK SIEW LENG
Executive Director
TOH SENG THONG
Independent Non-Executive Director
DATO DR. NORRAESAH BINTI HAJI MOHAMAD
BOARD OF DIRECTORS
EDMOND CHEAH SWEE LENG
Chairman/Senior Independent Non-Executive Director
LOW CHIN GUAN
Managing Director
Corporate Information
annual report 2012 3
Sun Healthcare (M)
Sdn. Bhd.
Trading of medical and healthcare
equipment & appliances
Electron Beam
Sdn. Bhd.
Industrial and commercial
sterilization
Lucenxia (M)
Sdn. Bhd.
Home dialysis
products & services
BERHAD (Co. No.:618533-M)
Group Corporate Structure
The year was a watershed period for the Company,
transforming from a gloves manufacturing based business
into a medical industry related service provider. The
reason is simple - growth prospects for manufacturing in
Malaysia in general and for medical gloves in particular
are increasingly challenging. We see margin erosion in
the near term and unless more capital is employed to
increase capacity signicantly, the cost per unit will edge
up continuously.
Following the divestment of the Groups manufacturing
subsidiaries, the Company is now focused on providing
services and solutions to the healthcare industry, utilizing
its deep knowledge of the industry and the dynamics
of the future. With competent staff possessing in-depth
market knowledge gained from almost 20 years in the
medical business, we are able to assist our healthcare
provider customers to improve their bottom line. Along
with strong product lines and reliable vendors, we are able
to deliver value to our partners and customers through
innovative sourcing, inventory management and effective
logistics nationwide along with other services. The hospital
industry is growing at a relentless pace in both the public
and the private sectors. We are able to offer our customers
national as well as regional supply chain solutions, from
simple consolidation to complicated supply contracts and
hedging.
The Groups revenue for continuing operations grew to
RM14.19 million this nancial year compared to RM12.57
million in the previous nancial year, an increase of 12.88%.
Net prot after tax improved to RM1.35 million compared
to a loss after tax of RM1.48 million in the previous nancial
year. This result is encouraging and the Group expects this
to continue growing with the right management team in
place to drive each remaining business segment.
The vision of the Company is unchanged - deliver a
high level of service and value to our customers. Similar
commitments are made to our employees, improving
career opportunities and development. The Companys
emphasis on a value culture enables our employees to
excel and be recognized and rewarded.
The newer businesses of the company especially in
homecare therapy treatments are in various stages of
implementation and rollouts. These are expected to
contribute to the results later in the year when commercial
activities start. The Company is excited by the prospects
and the game changing potentials. With the ability to
expand regionally very quickly, these businesses are in
line with the Companys strategy of regional focus and
development.
contd
Asia is fast changing in its demand for better healthcare
and easier accessibility. Treatment quality must improve in
many areas. The spin-off is bigger and stronger demand
for the best and lowest cost products in the supply chain.
As health insurance starts to take off, this will put more
demand on private healthcare providers to improve
delivery and efciency. The Company is moving into this
service demand, working with our customers to meet
budgets and bottom lines.
Without glove manufacturing, the Company expects its
income not to uctuate strongly from commodity pricing
and foreign exchange. Being local currency based will
improve consistency in earnings and revenue. As the
distribution business grows, the Company is adding on
warehouses for better logistics coverage. A new warehouse
in Subang will be added to the current ones in Johor, Kota
Bharu, Petaling Jaya and Penang.
Your investment in the company is an investment in the
future of healthcare in Asia.
On behalf of the Board, we would like to record our
gratitude to our loyal customers, suppliers, business
partners and shareholders for their continuous support
and condence in the Group. We would also like to thank
the management team and employees of the Group for
their commitment, dedication, hard work and loyalty.
Chairman
LOW CHIN GUAN
Managing Director
3
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4
5
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1.Edmond Cheah Swee Leng
2.Low Chin Guan
3.Dato Dr. Norraesah Binti Haji
Mohamad
4.Toh Seng Thong
5.Kwek Siew Leng
Directors Proles
Directors Proles
contd
Chairman, Senior Independent Non-Executive Director
Mr. Edmond Cheah Swee Leng, aged 58, a Malaysian, was
appointed to the Board of Adventa Berhad on 9 August
2004 and is presently the Chairman of the Company. His
last re-election as a director was on 28 April 2011. He is
a member of the Audit Committee and Chairman of the
Remuneration Committee and Nomination Committee.
He is a Chartered Accountant by profession and a member
of the Malaysian Institute of Accountants and Association
of Chartered Accountants, England and Wales. He is also a
certied nancial planner. His professional experience has
been in the elds of audit, merchant banking, corporate
& nancial advising, portfolio & investment management,
unit trust management and nancial planning.
His career started with a professional accounting rm
in London where he was an Audit Manager. He was the
manager in charge of Portfolio Investment in a merchant
bank in Malaysia and subsequently in charge of the
corporate and planning division in a public listed company.
Mr. Cheah was the Chief Executive Ofcer/Executive
Director and a member of the Investment Committee of
Public Mutual Fund Berhad, the largest private unit trust
management company in Malaysia.
He was also a council member and Chairman of the
Secretariat of the Federation of Investment Managers
Malaysia (FIMM), and is a former Task Force Member on
Islamic Finance for Labuan International Offshore Financial
Centre (LOFSA), and a former member on the Securities
Market Consultation Panel in Bursa Malaysia Securities
Berhad.
He attended all four (4) Board Meetings as well as all four
(4) Special Board Meetings held during the nancial year
ended 31 October 2012.
Mr. Cheah sits on the Board of Nylex Malaysia Berhad,
Ancom Berhad and Ancom Logictics Berhad, all of which
are listed on Bursa Malaysia Securities Berhad. He is also an
Investment Committee Member and Director of MAAKL
Mutual Berhad, a subsidiary of MAA Holdings Berhad
which is listed on Bursa Malaysia Securities Berhad. He is
currently a founder member and former past President of
the Financial Planning Association of Malaysia (FPAM), and
is the current Treasurer for the Society for the Prevention
of Cruelty to Animals (SPCA).
He does not have any family relationship with any other
director and/or substantial shareholder of the Company
nor any conict of interest in any business arrangement
involving the Company.
He has no convictions for any offence within the past ten
(10) years.
LOW CHIN GUAN
Managing Director
Mr. Low Chin Guan, aged 53, a Malaysian, was appointed
to the Board of Adventa Berhad on 10 May 2004 and is
presently the Managing Director of the Company. His last
re-election as a director was on 25 March 2010. He is also a
member of the Remuneration Committee.
He graduated as a Civil Engineer from the University of
Manchester Institute of Science and Technology (UMIST),
United Kingdom.
Mr. Low founded the initial subsidiary of the Group in
1988. He has years of experience in project management,
operations of manufacturing and assembly plants, nancial
control, strategic planning and marketing. In 2004, he
formed Adventa Berhad to hold the various companies and
manufacturing facilities under a single group management.
He now leads the Group in the areas of strategic planning,
business development, investments, acquisitions and key
personnel recruitment. He is also actively involved in product
development, particularly in technological directions.
He attended all four (4) Board Meetings as well as all four (4)
Special Board Meetings held during the nancial year ended
31 October 2012.
Mr. Low does not hold directorships in any other public listed
company. He is the son of Madam Wong Koon Mei @ Wong
Kwan Mooi and the brother of Ms. Low Lea Kwan, who
are substantial shareholders of the Company. He does not
have any family relationship with any other director nor any
conict of interest in any business arrangement involving the
Company, except as disclosed in the Financial Statements.
(10) years.
KWEK SIEW LENG
Executive Director
Ms. Kwek Siew Leng, aged 47, a Malaysian, was appointed
to the Board of Adventa Berhad on 10 May 2004 and is
presently an Executive Director of the Company. Her last re-
election as a director was on 28 April 2011.
She is an Associate Member of the Chartered Institute
of Management Accountants (CIMA) and a Chartered
Accountant with the Malaysian Institute of Accountants
(MIA). She has senior operations experience in audit and
accounting prior to joining the Adventa Bhd group. Her prior
employment in public practice includes stints in statutory
and regulatory reporting, nancial planning, budgeting and
forecasting, taxation, managerial skills as well as system
development in various elds.
Directors Proles
contd
She joined one of the Companys subsidiaries as Finance
Manager in 2002 and assumed the position of Group
Finance Manager of Adventa Berhad in 2003. She was
subsequently promoted to Finance Director in 2004.
She is now responsible for the overall management and
operations of the accounts and nance departments.
She attended all four (4) Board Meetings as well as all four
She does not hold directorships in any other public listed
company. She does not have any family relationship with
any other director and/or substantial shareholder of the
Company, nor any conict of interest in any business
arrangement involving the Company.
She has no convictions for any offence within the past ten
(10) years.
TOH SENG THONG
Mr. Toh Seng Thong, aged 54, a Malaysian, was appointed
to the Board of Adventa Berhad on 10 May 2004. His last
re-election as a director was on 26 March 2012. He is the
Chairman of the Audit Committee and a member of the
Remuneration Committee and Nomination Committee.
He graduated with a Bachelor of Commerce (Accounting)
degree from the University of Canterbury, New Zealand
in 1981. He is a Chartered Accountant by profession and
a member of the Malaysian Institute of Accountants,
Malaysian Institute of Certied Public Accountants, New
Zealand Institute of Chartered Accountants, a Fellow
member of the Malaysian Institute of Taxation and an
Associate member of the Harvard Business School Alumni
Club of Malaysia.
Subsequent to his degree, he worked with a local
manufacturing company before joining an international
accounting rm, Peat Marwick Mitchell & Co (now known
as KPMG), from 1983 to 1985. Subsequently he joined
a local accounting rm as a partner before practicing on
his own under Messrs S T Toh & Co in 1997. He has vast
experience in auditing, tax planning, corporate advisory
and nancial advisory.
He attended all four (4) Board Meetings as well as all four
He sits on the Board of Latitude Tree Holdings Berhad and
Malaysian Genomics Resource Centre Berhad, companies
listed on Bursa Malaysia Securities Berhad.
Mr. Toh does not have any family relationship with any
other director and/or substantial shareholder of the
Company nor any conict of interest in any business
arrangement involving the Company.
(10) years.
DATO DR. NORRAESAH
BINTI HAJI MOHAMAD
Dato Dr. Norraesah Binti Haji Mohamad, aged 65, a
Malaysian, was appointed to the Board of Adventa Berhad
on 8 November 2005 as an Independent Non-Executive
Director of the Company. Her last re-election as a director
was on 26 March 2012. She is also a member of the Audit
Committee.
Dato Dr. Norraesah holds a Doctorate Degree in Economics
Science (International Economics and Finance) and a Masters
in International Economics and Financial Relations from the
University of Paris Pantheon-Sorbonne, France.
She has more than 41 years of working experience in
banking, consultancy and international trade and commerce.
From 1972 to 1985, she worked with the International Trade
Division of the Ministry of Trade and Industry and the Ministry
of Finance before joining the corporate sector.
From 1988 to 1990, Dato Dr. Norraesah was the
Communications Manager of ESSO Production Malaysia
Inc. and subsequently assumed the position of Managing
Director with a consultant rm providing nancial advisory
services. She was also appointed as Chief Representative of
Credit Lyonnais Bank in Malaysia and was the Chairman of
Bank Rakyat from 2000 to 2003.
She attended all four (4) Board Meetings as well as three
(3) of the four (4) Special Board Meetings held during the
nancial year ended 31 October 2012.
Dato Dr. Norraesah currently also sits on the board of
KESM Industries Berhad, My E.G. Services Berhad, Ya Horng
Electronic (M) Berhad, Malaysian Genomics Resource Centre
Berhad, ICaptial.biz Berhad and Utusan Melayu (Malaysia)
Berhad, all listed on Bursa Malaysia Securities Berhad.
She does not have any family relationship with any other
director and/or substantial shareholder of the Company, nor
any conict of interest in any business arrangement involving
the Company.
She has no convictions for any offence within the past ten
(10) years.
The Board of Directors (the Board) is pleased to report to the Shareholders that the best practices of good corporate
governance as prescribed in the Malaysian Code on Corporate Governance (Revised 2007) (the Code) had generally
been practised within the Group throughout the nancial year ended 31 October 2012.
The Board is committed to its policy of managing the affairs of the Group with transparency, integrity and accountability
by ensuring that a sound framework of best corporate practices is in place at all levels of the Groups business and thus
discharging its principal responsibility towards protecting and enhancing long-term shareholders value and investors
interest.
Pursuant to Paragraph 15.25 of Bursa Malaysia Securities Berhad Main Market Listing Requirements (MMLR), the
Board is pleased to outline below the manner in which the Group has applied the Principles of Corporate Governance
set out in Part 1 of the Code and the extent of compliance with the Best Practices set out in Part 2 of the Code.
In March 2012, the Securities Commission Malaysia has introduced The Malaysian Code on Corporate Governance 2012
(MCCG 2012), of which the Company has committed to adopt in due course. The relevant disclosures based on the
MCCG 2012 shall be made with effect from the nancial year ending 31 October 2013.
1. THE BOARD OF DIRECTORS
1.1. The Board of Directors
The Board has overall responsibility for corporate governance, strategic direction, formulation of policies and
overseeing the investment and business of the Company.
During the nancial year ended 31 October 2012, there were four (4) Board meetings and four (4) Special
Board meetings held. Details of the attendance of the Directors are as follows:-
Name of Directors No. of meetings attended/held %
Mr. Edmond Cheah Swee Leng 8 / 8 100
Mr. Low Chin Guan 8 / 8 100
Ms. Kwek Siew Leng 8 / 8 100
Mr. Toh Seng Thong 8 / 8 100
Dato Dr. Norraesah Binti Haji Mohamad 7 / 8 87.5
1.2. Board Balance
The Board has ve (5) members comprising:-
Two (2) Executive Directors including one (1) Managing Director and three (3) Non-Executive Directors,
including one (1) Senior Independent Non-Executive Chairman.
The composition is in compliance with the Best Practices of the Code and as required by Paragraph 15.02(1)
of the MMLR.
The Board is of the view that the current composition of the Board facilitates effective decision making and
independent judgement where no individual shall dominate the Boards decision making.
The Board members have a wide range of business, nancial and technical experience. The mixed skills and
experiences are vital for the successful direction of the Group. A brief prole of each Director is presented on
pages 6 to 8 of this Annual Report.
There is a clear division of responsibility between the Chairman and the Group Managing Director to ensure
that there is a balance of power and authority. The roles of the Chairman and the Group Managing Director
are separated and clearly dened. The Chairman is responsible for ensuring Board effectiveness and conduct
whilst the Group Managing Director has overall responsibilities over the Groups operating units, organisational
effectiveness and implementation of Board policies and decisions.
contd
1. THE BOARD OF DIRECTORS contd
1.2. Board Balance contd
The Board also recognises the pivotal role of the independent directors in corporate accountability as
they provide unbiased and independent views, advice and judgement. Mr. Edmond Cheah Swee Leng has
been identied as the Senior Independent Non-Executive Director of the Board to whom concerns may be
conveyed.
1.3. Supply of Information
The Board has full and timely access to information concerning the Company and the Group. The Board
is provided with the relevant agenda and board papers in sufcient time prior to the meetings to enable
them to obtain further explanation and clarication to facilitate informed decision-making. The Board papers
include reports on the Groups nancial, operational and corporate development.
The Board has unrestricted access to all information within the Company, whether as a full board or in their
individual capacity, which is necessary for discharge of its responsibilities and may obtain independent
professional advice at the Companys expense in furtherance of their duties.
The Board has access to the advice and services of the Company Secretary who is responsible to ensure that
the Board meeting procedures are followed and the applicable statutory and regulatory requirements are
complied with.
1.4. Board Committees
The Board of Directors delegates specic responsibilities to the respective Committees of the Board namely
the Audit Committee, Nomination Committee and Remuneration Committee in order to enhance business
and corporate efciency and effectiveness. The Chairman of the respective Committees will brief the Board
on the matters discussed at the Committee meetings and minutes of these meetings are circulated to the full
Board.
1.5. Appointments to the Board
The Board has established a Nomination Committee, consisting of two (2) Directors who are Independent
Non-Executive Directors of the Company. This Committee is responsible for making recommendations to the
Board on the optimum size of the Board and proposing new nominees to the Board. The Committee shall
also assess the performance of the Directors of the Company by annually reviewing the prole of the required
skills and attributes to ensure that the Board has an appropriate balance of expertise and ability. In addition,
the Board will assess its own effectiveness as a whole and the contribution of each Director on an annual
basis.
The members of the Nomination Committee during the nancial year are as follows:-
Chairman: Mr. Edmond Cheah Swee Leng Senior Independent Non-Executive Director
Member: Mr. Toh Seng Thong Independent Non-Executive Director
The Nomination Committee may meet at least once a year or more frequently as deemed necessary. During
the nancial year ended 31 October 2012, the Committee had one (1) meeting.
contd
1. THE BOARD OF DIRECTORS contd
1.6. Directors Training
All the Board members have attended the Mandatory Accreditation Programme as required by the MMLR.
In addition, during the nancial year under review, all Directors were also advised of developments or changes
to relevant laws and regulatory requirements and suitable training and education programmes were identied
for their participation from time to time. Management briengs during Board and Audit Committee meetings
on various operational, technical and corporate matters were also aimed at ensuring that Directors are well
versed with the knowledge of the Groups business and affairs in enabling them to make meaningful decisions.
The Directors of the Company have also attended various courses and seminars on various subject matters
such as nancial reporting, taxation, capital markets and investments and other business related programmes
to further enhance their business acumen and knowledge in executing their duties as Directors.
The Board is also encouraged to attend various training programmes necessary to ensure that they are kept
abreast on various issues facing the changing business environment within which the Group operates.
1.7. Re-election of Directors
Any Director appointed during the year is required under the Companys Articles of Association, to retire and
seek re-election by shareholders at the following Annual General Meeting (AGM) immediately after their
appointment. The Articles also require that one-third of the Directors including the Managing Director, if any,
are to retire by rotation and seek re-election at each AGM and that each Director shall submit himself/herself
for re-election at least once in every three (3) years.
The Directors to retire from ofce at the forthcoming AGM are Mr Low Chin Guan and Ms Kwek Siew Leng.
2. DIRECTORS REMUNERATION
2.1. Remuneration Committee
In compliance with the Code, the Remuneration Committee was set up with clearly dened terms of reference
comprising two (2) Independent Non-Executive Directors and one (1) Managing Director, as follows:-
Chairman: Mr. Edmond Cheah Swee Leng Senior Independent Non-Executive Director
Members: Mr. Toh Seng Thong Independent Non-Executive Director
Mr. Low Chin Guan Managing Director
The primary function of the Remuneration Committee is to set up the policy framework and to recommend
to the Board on the remuneration packages and other terms of employment of the Executive Directors. The
determination of the remuneration for the Non-Executive Directors will be a matter of the Board as a whole
with the Director concerned abstaining from deliberation and voting decision in respect of his individual
remuneration package.
The Remuneration Committee may meet at least once a year or more frequently as deemed necessary. During
the nancial year ended 31 October 2012 the Committee had one (1) meeting.
contd
2. DIRECTORS REMUNERATION contd
2.2. Details of the Directors Remuneration contd
The aggregate Directors remuneration paid or payable or otherwise made to all Directors of the Company
who served during the nancial year are shown as follows:-
Fees Salaries
Other
Emoluments Total
Category (RM) (RM) (RM) (RM)
Executive Directors 51,840 1,071,200 792,445 1,915,485
Non-Executive Directors 174,960 - - 174,960
The number of Directors whose total remuneration falls within the following bands is as follows:-
Range of Remuneration Executive Directors Non-Executive Directors
Below RM100,000 - 3
RM500,001 - RM550,000 1 -
RM1,350,001 - RM1,400,000 1 -
3. RELATIONSHIP WITH SHAREHOLDERS AND INVESTORS
The Company recognises the importance of keeping shareholders and investors informed of the Groups business
and corporate developments. Such information is disseminated via the Companys annual reports, circulars to
shareholders, quarterly nancial results, press releases and various announcements made from time to time.
The Group maintains a website at www.adventa.com.my where shareholders as well as members of the public
are invited to access the latest information on the Group. Alternatively, they may obtain the Groups latest
announcements via the Bursa Securities website at www.bursamalaysia.com.my.
The AGM and Extraordinary General Meeting remains the principal forum for dialogue with shareholders where
they may seek clarications on the Groups businesses. Shareholders are encouraged to meet and communicate
with the Board at the AGM and to vote on all resolutions. The Board will respond to any questions raised during
the meeting to their best ability and knowledge to do so.
During the year, the Managing Director and Executive Director had also met with institutional investors, fund
managers and analysts to brief them and keep them updated on the Groups performance, business expansion
plans and other matters related to shareholders interest.
4. ACCOUNTABILITY AND AUDIT
4.1. Financial Reporting
In presenting the annual audited nancial statements and quarterly announcement of results to shareholders, the
Directors aim to present a balanced and understandable assessment of the Groups position and prospects.
The Audit Committee assists the Board by reviewing the information to be disclosed, to ensure completeness,
accuracy and adequacy. The composition, summary of activities and terms of reference of the Audit Committee
can be found in the Audit Committee Report on pages 14 to 18 of this Annual Report.
The Statement of Directors Responsibility in respect of the Audited Financial Statements pursuant to
paragraph 15.26(a) of the MMLR and pursuant to the Statement of Directors Responsibility of the Companies
Act 1965 is set out on page 20 of this Annual Report.
contd
4. ACCOUNTABILITY AND AUDIT contd
4.2. Internal Control
The Board acknowledges that it is responsible for maintaining a sound system of internal controls which
provides reasonable assessment of effective and efcient operations, internal nancial controls and compliance
with laws and regulations as well as with internal procedures and guidelines. The Internal Control Statement
is set out on page 19 of this Annual Report.
4.3. Relationship With The Auditors
Through the Audit Committee, the Company has established a transparent and appropriate relationship with
the Groups External Auditors. From time to time, the Auditors highlighted to the Audit Committee and the
Board on matters that require the Boards attention. The functions of the Audit Committee and its relations
with the Auditors are set out on pages 14 to18 of this Annual Report.
5. CORPORATE SOCIAL RESPONSIBILITY (CSR)
The Company did not undertake signicant CSR activities during the year but shall endeavour to do so in the near
future.
6. OTHER INFORMATION PURSUANT TO THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA
SECURITIES BERHAD
6.1. Non-Audit Fees
During the nancial year under review, the Groups non-audit fees paid or payable to the External Auditors
amounted to RM96,713.
6.2. Material Contracts Involving Directors and Major Shareholders
There were no material contracts involving the Company and its subsidiaries with directors and major
shareholders of the Company either still subsisting at the end of the nancial year ended 31 October 2012 or
entered into since the end of the nancial year.
6.3. Recurrent Related Party Transactions of Revenue Nature
The details of related party transactions undertaken by the Group during the nancial year ended 31 October
2012 are stated in Note 29 to the nancial statements on pages 77 to 78 of this Annual Report.
INTRODUCTION
The Board of Directors of the Company (the Board) is pleased to present the report of the Audit Committee for the
nancial year ended 31 October 2012.
A. MEMBERSHIP
Chairman: Mr. Toh Seng Thong Independent Non-Executive Director
Members: Mr. Edmond Cheah Swee Leng Senior Independent Non-Executive Director
Dato Dr. Norraesah Binti Haji Mohamad Independent Non-Executive Director
B. TERMS OF REFERENCE
1. Composition of Members
The Board shall appoint the Audit Committee members from amongst themselves, comprising no fewer than
three (3) non-executive directors. The majority of the Audit Committee members shall be independent directors.
In this respect, the Board adopts the denition of independent director as dened under Bursa Malaysia
Securities Berhad Main Market Listing Requirements (MMLR).
All members of the Audit Committee shall be nancially literate and at least one (1) member of the Audit
Committee must:-
(a) be a member of the Malaysian Institute of Accountants (MIA); or
(b) if he is not a member of the MIA, he must have at least three (3) years of working experience and:
i. he must have passed the examinations specied in Part I of the First Schedule of the Accountants
Act 1967; or
ii. he must be a member of one of the associations of accountants specied in Part II of the First
Schedule of the Accountants Act 1967; or
(c) fulll such other requirements as prescribed or approved by Bursa Securities.
No alternate director of the Board shall be appointed as a member of the Audit Committee.
The term of ofce and performance of the Audit Committee and each of its members shall be reviewed by
the Board at least once every three (3) years to determine whether such Audit Committee and members have
carried out their duties in accordance with their terms of reference.
Retirement and Resignation
If a member of the Audit Committee resigns, dies, or for any reason ceases to be a member resulting in
non-compliance with the composition criteria as stated in paragraph 1 above, the Board shall within three (3)
months of the event appoint such number of the new members as may be required to ll the vacancy.
2. Chairman
The members of the Audit Committee shall elect a Chairman from amongst their number who shall be an
independent director.
In the absence of the Chairman of the Audit Committee, the other members of the Audit Committee shall
amongst themselves elect a Chairman who must be an independent director to chair the meeting.
contd
B. TERMS OF REFERENCE contd
3. Secretary
The Company Secretary shall be the Secretary of the Audit Committee and as a reporting procedure, the
Minutes shall be circulated to all members of the Board.
4. Meetings
The Audit Committee shall meet regularly, with due notice of issues to be discussed, and shall record its
conclusions in discharging its duties and responsibilities. In addition, the Chairman may call for additional
meetings at anytime at the Chairmans discretion.
Upon the request of the External Auditors or the internal auditors (if any), the Chairman of the Audit
Committee shall convene a meeting of the Audit Committee to consider any matter the auditors believe
should be brought to the attention of the directors or shareholders.
Notice of the Audit Committee meetings shall be given to all the Audit Committee members unless the Audit
Committee waives such requirement.
The Chairman of the Audit Committee shall engage on a continuous basis with senior management, such as
the Chairman, the Chief Executive Ofcer, the Finance Director, the head of internal audit and the External
Auditors in order to be kept informed of matters affecting the Company.
The Finance Director, the head of internal audit and a representative of the External Auditors should normally
attend meetings. Other Board members and employees may attend meetings upon the invitation of the Audit
Committee. The Audit Committee shall be able to convene meetings with the External Auditors, the internal
auditors, or both, without executive Board members or employees present whenever deemed necessary and
at least twice a year with the External Auditors.
Questions arising at any meeting of the Audit Committee shall be decided by a majority of votes of the
members present, and in the case of equality of votes, the Chairman of the Audit Committee shall have a
second or casting vote.
5. Minutes
Minutes of each meeting shall be kept at the registered ofce and distributed to each member of the Audit
Committee and also to the other members of the Board. The Audit Committee shall report on each meeting
to the Board.
The minutes of the Audit Committee meeting shall be signed by the Chairman of the meeting at which the
proceedings were held or by the Chairman of the next succeeding meeting.
6. Quorum
The quorum for the Audit Committee meeting shall be the majority of members present whom must be
independent directors.
contd
7. Objectives
The principal objectives of the Audit Committee are to assist the Board in discharging its statutory duties
and responsibilities relating to accounting and reporting practices of the holding company and each of its
subsidiaries. In addition, the Audit Committee shall:
(a) evaluate the quality of the audits performed by the internal and External Auditors;
(b) provide assurance that the nancial information presented by management is relevant, reliable and timely;
(c) oversee compliance with laws and regulations and observance of proper code of conduct; and
(d) determine the quality, adequacy and effectiveness of the Groups control environment.
8. Authority
The Audit Committee shall, in accordance with a procedure to be determined by the Board and at the
expense of the Company,
(a) have explicit authority to investigate any matter within its terms of reference, the resources to do so,
and full access to information. All employees shall be directed to co-operate as requested by members
of the Audit Committee.
(b) Have full and unlimited/unrestricted access to all information and documents/resources which are
required to perform its duties as well as to the internal and External Auditors and senior management
of the Company and Group.
(c) obtain independent professional or other advice and to invite outsiders with relevant experience to
attend, if necessary.
(d) have direct communication channels with the External Auditors and person(s) carrying out the internal
audit function or activity (if any).
(e) where the Audit Committee is of the view that the matter reported by it to the Board has not been
satisfactorily resolved resulting in a breach of the MMLR, the Audit Committee shall promptly report
such matter to Bursa Securities.
9. Duties and Responsibilities
The duties and responsibilities of the Audit Committee are as follows:-
(a) To consider the appointment of the External Auditors, the audit fee and any question of resignation or
dismissal, any letter of resignation from the External Auditors and whether there is reason (supported
by grounds) to believe that the External Auditors are not suitable for re-appointment before making
recommendations to the Board of Directors and recommend the nomination of a person or persons as
External Auditors;
(b) To discuss with the External Auditors before the audit commences, the nature and scope of the audit,
and ensure co-ordination where more than one audit rm is involved;
(c) To review with the External Auditors his evaluation of the system of internal controls and his audit report;
(d) To review the quarterly and year-end nancial statements of the Board, focusing particularly on:
any change ln accounflng pollcles and pracflces,
slgnllcanf ad|usfmenfs arlslng lrom fhe audlf,
fhe golng concern assumpflon, and
compllance wlfh accounflng sfandards and ofher legal requlremenfs.
contd
9. Duties and Responsibilities contd
The duties and responsibilities of the Audit Committee are as follows:- contd
(e) To discuss problems and reservations arising from the interim and nal audits, and any matter the
auditors may wish to discuss (in the absence of management, where necessary);
(f) To review the External Auditors management letter and managements response;
(g) To do the following, in relation to the internal audit function:
ensure fhaf fhe lnfernal audlf luncflon ls lndependenf ol fhe acflvlfles lf audlfs and fhe lnfernal
auditors shall report directly to the Audit Committee. The head of internal audit shall be responsible
for the regular review and/or appraisal of the effectiveness of the risk management, internal control
and governance processes within the Company;
revlew fhe adequacy ol fhe scope, luncflons and compefency and resources ol fhe lnfernal audlf
function, and that it has the necessary authority to carry out its work;
revlew fhe lnfernal audlf programme and resulfs ol fhe lnfernal audlf process and, where necessary,
ensure that appropriate actions are taken on the recommendations of the internal audit function;
revlew any appralsal or assessmenf ol fhe perlormance ol members ol fhe lnfernal audlf luncflon,
approve any appolnfmenf or fermlnaflon ol senlor sfall members ol fhe lnfernal audlf luncflon, and
fake cognlzance ol reslgnaflons ol lnfernal audlf sfall members and provlde fhe reslgnlng sfall
member an opportunity to submit his reasons for resigning.
(h) To consider any related party transaction and conict of interest situation that may arise within the
Company or Group including any transaction, procedure or course of conduct that raises questions of
management integrity;
(i) To report its ndings on the nancial and management performance and other material matters to the Board;
(j) To consider the major ndings of internal investigations and managements response;
(k) To verify the allocation of employees share option scheme (ESOS) in compliance with the criteria as
stipulated in the by-laws of ESOS of the Company, if any;
(l) To determine the remit of the internal audit function;
(m) To consider other topics as dened by the Board; and
(n) To consider and examine such other matters as the Audit Committee considers appropriate.
C. MEETINGS OF THE AUDIT COMMITTEE
The Audit Committee met four (4) times during the nancial year under review and details of attendance of each
member are as follows:
Name No. of meetings attended/held
Toh Seng Thong - Chairman 4/4
Edmond Cheah Swee Leng 4/4
Dato Dr. Norraesah Binti Haji Mohamad 4/4
Representatives of management, the internal auditors and the External Auditors also attended the meetings at the
invitation of the Committee.
contd
D. SUMMARY OF ACTIVITIES
The Audit Committee met at scheduled times; with due notices of meetings issued, and with agendas planned so that
issues raised in respect of nancial statements were deliberated and discussed in a focused and detailed manner.
In line with the Terms of Reference of the Committee, the following activities were carried out during the nancial
year under review:
Revlewed fhe quarferly resulfs, lnanclal sfafemenfs and correspondlng announcemenfs fo be released
to Bursa Securities to ensure compliance with the relevant Listing Requirements of Bursa Securities, the
provisions of the Companies Act 1965 and applicable accounting standards in Malaysia, prior to submission
to the Board for consideration and approval;
Dellberafed on fhe Group's lnanclal perlormance, buslness developmenf, managemenf and corporafe lssues and
recommended to the Board for approvals any key business strategies and actions that may affect the Group;
Revlewed and assessed fhe lnfernal audlf plan and classllcaflon ol rlsk paramefers ol fhe Group.
Revlewed fhe lnfernal confrol lssues ldenflled by fhe lnfernal audlfors as well as managemenf's response fo
recommendations and the implementation of agreed action plans.
Revlewed and evaluafed Exfernal Audlfors' scope ol work, proposed audlf lee and audlf plan lor fhe lnanclal
year prior to the commencement of the audit;
Revlewed fhe lnanclal sfafemenfs, fhe audlf reporf and lssues arlslng lrom fhe audlfs wlfh fhe Exfernal Audlfors,
Mef wlfh Exfernal and lnfernal Audlfors fwlce wlfhouf fhe presence ol Execuflve Board members and
management; and
Nofed emerglng lnanclal reporflng lssues pursuanf fo fhe lnfroducflon ol new accounflng sfandards and
additional statutory and regulatory disclosure requirements.
E. INTERNAL AUDIT
The Group has in place an internal audit function whose principal responsibility is to undertake regular and
systematic reviews of the internal control system so as to provide reasonable assurance that such systems continue
to operate satisfactorily and electively in the Group and the Company. The internal audit function reports directly
to the Audit Committee to ensure its independence status within the Group.
The Audit Committee is assisted by the internal audit function in discharging its duties and responsibilities with
respect to the adequacy and integrity of the system of internal controls within the Group. The internal audits were
performed using a risk based approach and focused on:
revlewlng ldenflled hlgh rlsk areas lor compllance wlfh esfabllshed pollcles, procedures, rules, guldellnes,
laws and regulations;
evaluaflng fhe adequacy ol confrols lor saleguardlng assefs, and
ldenfllylng buslness rlsks whlch have nof been approprlafely addressed.
The internal audit carries out audit assignments based on an audit plan that is reviewed and approved by the Audit
Committee. The reports of the audits undertaken were forwarded to the management for attention and necessary
action and then presented to the Audit Committee for deliberation and approval.
During the nancial year under review, the internal audit function undertook the following activities:
Carrled ouf fhe lnfernal audlf ol fhe Group's operaflng unlfs lncludlng lfs subsldlarles by revlewlng buslness
activities and processes to ensure compliance with internal control procedures, highlighting control weaknesses
and making appropriate recommendations for improvements ; and
Affended and reporfed fo fhe Audlf Commlffee lfs lnfernal audlf lndlngs and response and recfllcaflon
undertaken by the management to improve the Groups system of internal controls and procedures.
The cost incurred for the internal audit function in respect of the nancial year ended 31 October 2012 amounted
to approximately RM100,089.
Whilst the internal audit function has been done entirely in-house until now, for the coming nancial year the
Group has out-sourced the provision of internal audit and management assurance to an independent professional
consulting rm PKF Advisory Sdn Bhd.
Internal Control Statement
This internal control statement has been prepared in compliance with Bursa Malaysia Main Market Listing Requirements
(MMLR).
BOARD RESPONSIBILITIES
The Board afrms its overall responsibility for the Groups system of internal control which includes the establishment of
an appropriate control environment and risk management framework as well as reviewing its adequacy and integrity. Due
to the limitations that are inherent in any internal control system, the Groups system of internal control can only manage
rather than eliminate the risk of failure to achieve business objective and therefore can only provide reasonable and
not absolute assurance against material misstatement, loss or fraud. Notwithstanding this, the Board requires that the
procedures and controls in place are subject to regular review as part of an ongoing process for identifying, evaluating
and managing the signicant risks faced by the Group.
As part of its review, the Board will continue taking necessary measures to strengthen its internal control system to
address any weaknesses identied.
RISK MANAGEMENT FRAMEWORK
During the year, the Group monitored signicant risks and risk mitigation strategies on an ongoing basis through its
management and Board meetings. Under the purview of the Managing Director, the respective head of each operating
subsidiary and department of the Group are empowered with the responsibility of managing their respective operations.
In view of a constantly changing environment and competitive landscape, the Board is committed in maintaining a system
of internal control that comprises the following environment, key processes and monitoring systems:
The Audlf Commlffee revlews fhe adequacy and ellecflveness ol fhe Group's rlsk managemenf and lnfernal confrol
procedures as well as any internal control issues identied by the internal and External Auditors;
An annual rlsk assessmenf analysls fhaf asslsfs fhe managemenf fo conflnuously ldenflly slgnllcanf rlsks assoclafed
with key process within a changing business and operating environment;
An annual budgeflng process fhaf esfabllshes monfhly budgefs lor each buslness unlf agalnsf whlch perlormance
is monitored on an ongoing basis;
Monfhly buslness reporfs and managemenf accounfs are submlffed by fhe respecflve buslness unlfs lor revlew by
senior management;
Dlsasfer recovery plans lncludlng lre prevenflon monlforlng process, adequafe lnsurance coverage and compufer
IT monitoring process to help ensure the risk of system failure and outages is minimised; and
Segregaflon ol dufles and llmlfs ol aufhorlfy are pracflsed fo ensure accounfablllfy and responslblllfy.
INTERNAL AUDIT
The Internal Audit Department (IAD) assists the Audit Committee in discharging its duties and responsibilities. The
IAD, which reports directly to the Audit Committee, conducts reviews on the adequacy and effectiveness of the Groups
system of internal controls the management has put in place. These audits review the internal controls in the key activities
of the Groups business based on a 3-year detailed internal audit plan approved by the Audit Committee. Based on
these audits, the IAD provides the Committee with periodic reports highlighting observations, recommendations and
management action plans to improve the system of internal control.
During the nancial year ended 31 October, 2012, the Audit Committee, with the assistance of the Head of the IAD,
reviewed the adequacy and integrity of the Groups internal control systems relating to materials control, physical security,
inventory, billings, credit control, accounts receivable, costing and pricing.
CONCLUSION
There was no material internal control failure, which resulted in material losses or contingencies during the nancial
period under review. The Board and management will, when necessary, put in place appropriate actions to further
enhance the Groups system of internal control.
This statement was made in accordance with a resolution of the Board dated 26 February 2013 and has been duly
reviewed by the External Auditors, pursuant to paragraph 15.26(b) of the MMLR.
Responsibility Statement
by the Board of Directors
In preparing the annual nancial statements of the Group and of the Company, the Directors are collectively responsible
to ensure that these nancial statements have been prepared to give a true and fair view of the state of affairs of the
Group and the Company at the end of the nancial year and the results and cash ows of the Group and the Company in
accordance with applicable approved accounting standards in Malaysia, the provisions of the Companies Act 1965 and
the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
In preparing the nancial statements for the nancial year ended 31 October 2012 set out on pages 29 to 93 of this
Annual Report, the Directors have applied appropriate accounting policies on a consistent basis and made judgments
and estimates that are reasonable and prudent.
The Directors have responsibility for ensuring that proper accounting records are kept which disclose with reasonable
accuracy the nancial position of the Group and the Company and which enable them to ensure that the nancial
statements comply with the Companies Act 1965.
The Directors have overall responsibility for taking such steps as are reasonably open to them to safeguard the assets of
the Group and to prevent and detect fraud and other irregularities.
This statement is made in accordance with a resolution of the Board of Directors dated 26 February 2013.
22
26
26
27
29
31
33
35
37
93
Directors Report
Statement by Directors
Statutory Declaration
Independent Auditors Report
Statements of Comprehensive Income
Statements of Financial Position
Statements of Changes in Equity
Statements of Cash Flows
Notes to the Financial Statements
Supplementary Information
Financial
Statements
Directors Report
The directors have pleasure in presenting their report together with the audited nancial statements of the Group and of
the Company for the nancial year ended 31 October 2012.
PRINCIPAL ACTIVITIES

The principal activities of the Company are investment holding and provision of management services to its subsidiaries.
The principal activities of the subsidiaries are described in Note 14 to the nancial statements.
There have been no signicant changes in the nature of the principal activities during the nancial year.
RESULTS
Group Company
RM RM
Prot from continuing operations, net of tax 1,348,711 -
Prot from discontinued operations, net of tax 24,147,461 496,364
Prot net of tax 25,496,172 496,364
Prot attributable to
Owners of the parent 25,541,881 496,364
Minority interests (45,709) -
25,496,172 496,364
There were no material transfers to or from reserves or provisions during the nancial year other than as disclosed in the
statements of changes in equity.
In the opinion of the directors, the results of the operations of the Group and of the Company during the nancial year
were not substantially affected by any item, transaction or event of a material and unusual nature.
DIVIDENDS
The amount of dividends paid by the Company since 31 October 2011 was as follows:

RM
In respect of the nancial year ended 31 October 2013
Interim single-tier tax exempt dividend of RM1.30 per share on 152,785,770 ordinary shares of
RM0.50 each, declared on 30 November 2012 and paid on 21 January 2013 198,621,501

DIRECTORS
The names of the directors of the Company in ofce since the date of the last report and at the date of this report are:
Low Chin Guan
Kwek Siew Leng
Toh Seng Thong
Dato Dr. Norraesah Binti Haji Mohamad
DIRECTORS BENEFITS

Neither at the end of the nancial year, nor at any time during that year, did there subsist any arrangement to which
the Company was a party, whereby the directors might acquire benets by means of the acquisition of shares in or
debentures of the Company or any other body corporate.

Since the end of the previous nancial year, no director has received or become entitled to receive a benet (other than
benets included in the aggregate amount of emoluments received or due and receivable by the directors or the xed
salary of a full-time employee of the Company as shown in Notes 7 and 8 to the nancial statements) by reason of a
contract made by the Company or a related corporation with any director or with a rm of which he is a member, or with
a company in which he has a substantial nancial interest, except as disclosed in Note 29 to the nancial statements.

DIRECTORS INTEREST
According to the register of directors shareholdings, the interests of directors in ofce at the end of the nancial year in
shares and options over shares in the Company and its related corporations during the nancial year were as follows:

Number of ordinary shares of RM0.50 each
1.11.2011 Acquired Sold 31.10.2012
The Company
Direct interest
Low Chin Guan 58,446,552 - - 58,446,552
Kwek Siew Leng 928,200 - - 928,200
Toh Seng Thong 140,000 - - 140,000
Edmond Cheah Swee Leng 140,000 - - 140,000
Dato Dr. Norraesah Binti Haji Mohamad 140,000 - - 140,000
Indirect interest
Low Chin Guan
#
7,960,960 - - 7,960,960

#
By virtue of shareholdings by his family members

Directors Report
contd
DIRECTORS INTEREST contd

Number of ordinary Class B shares of RM1 each
1.11.2011 Acquired Sold 31.10.2012
Subsidiary - Purnabina Sdn. Bhd.
Direct interest ^
Kwek Siew Leng 200,000 - - 200,000

^ Shares held in trust on behalf of the Company
Low Chin Guan by virtue of his interest in shares in the Company is also deemed interested in shares of all the Companys
subsidiaries to the extent the Company has an interest.
OTHER STATUTORY INFORMATION
(a) Before the statements of comprehensive income and statements of nancial position of the Group and of the
Company were made out, the directors took reasonable steps:
(i) to ascertain that proper action had been taken in relation to the writing off of bad debts and the making of
provision for doubtful debts and satised themselves that all known bad debts had been written off and that
adequate provision had been made for doubtful debts; and

(ii) to ensure that any current assets which were unlikely to realise their values as shown in the accounting records
in the ordinary course of business had been written down to an amount which they might be expected so to
realise.

(b) At the date of this report, the directors are not aware of any circumstances which would render:

(i) the amount written off for bad debts or the amount of the provision for doubtful debts in the nancial
statements of the Group and of the Company inadequate to any substantial extent; and

(ii) the values attributed to the current assets in the nancial statements of the Group and of the Company
misleading.

(c) At the date of this report, the directors are not aware of any circumstances which have arisen which would render
adherence to the existing methods of valuation of assets or liabilities of the Group and of the Company misleading
or inappropriate.
(d) At the date of this report, the directors are not aware of any circumstances not otherwise dealt with in this report
or nancial statements of the Group and of the Company which would render any amount stated in the nancial
statements misleading.

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

(i) any charge on the assets of the Group or of the Company which has arisen since the end of the nancial year
which secures the liabilities of any other person; or

(ii) any contingent liability of the Group or of the Company which has arisen since the end of the nancial year
other than as disclosed in Note 28 to the nancial statements.
Directors Report
contd
Directors Report
contd
OTHER STATUTORY INFORMATION contd

(f) In the opinion of the directors:

(i) no contingent or other liability has become enforceable or is likely to become enforceable within the period
of twelve months after the end of the nancial year which will or may affect the ability of the Group or of the
Company to meet their obligations when they fall due; and

(ii) no item, transaction or event of a material and unusual nature has arisen in the interval between the end of
the nancial year and the date of this report which is likely to affect substantially the results of the operations
of the Group or of the Company for the nancial year in which this report is made.

SIGNIFICANT AND SUBSEQUENT EVENTS

The signicant and subsequent events during the nancial year are disclosed in Note 34 to the nancial statements.

AUDITORS
The auditors, Ernst & Young, have expressed their willingness to continue in ofce.

Signed on behalf of the Board in accordance with a resolution of the directors dated 26 February 2013.
LOW CHIN GUAN KWEK SIEW LENG
Statement by Directors
Pursuant to Section 169(15) of the Companies Act 1965
Statutory Declaration
Pursuant to Section 169(16) of the Companies Act 1965
We, Low Chin Guan and Kwek Siew Leng, being two of the directors of Adventa Berhad, do hereby state that, in the
opinion of the directors, the accompanying nancial statements set out on pages 29 to 92 are drawn up in accordance
with Financial Reporting Standards and the requirements of the Companies Act 1965 in Malaysia so as to give a true
and fair view of the nancial position of the Group and of the Company as at 31 October 2012 and of their nancial
performance and cash ows for the year then ended.
The information set out in Note 37 to the nancial statements have been prepared in accordance with the Guidance of
Special Matter No. 1, Determination of Realised and Unrealised Prots or Losses in the Context of Disclosure Pursuant
to Bursa Malaysia Securities Berhad Listing Requirements, as issued by the Malaysian Institute of Accountants (MIA
Guidance) and the directive of Bursa Malaysia Securities Berhad. In our opinion, the supplementary information is
prepared, in all material respects, in accordance with the MIA Guidance and the directive of Bursa Malaysia Securities
Berhad.
Signed on behalf of the Board in accordance with a resolution of the directors dated 26 February 2013.
LOW CHIN GUAN KWEK SIEW LENG
I, Kwek Siew Leng, being the director primarily responsible for the nancial management of Adventa Berhad, do solemnly
and sincerely declare that the accompanying nancial statements set out on pages 29 to 93 are in my opinion correct,
and I make this solemn declaration conscientiously believing the same to be true and by virtue of the provisions of the
Statutory Declarations Act 1960.
Subscribed and solemnly declared by
the abovenamed Kwek Siew Leng at
Kota Bharu in the state of Kelantan
Darul Naim on 26 February 2013 KWEK SIEW LENG
Before me,
to the members of Adventa Berhad
(Incorporated in Malaysia)
REPORT ON THE FINANCIAL STATEMENTS
We have audited the nancial statements of Adventa Berhad, which comprise the statements of nancial position as at
31 October 2012 of the Group and of the Company, the statements of comprehensive income, statements of changes in
equity and statements of cash ows of the Group and of the Company for the nancial year then ended, and a summary
of signicant accounting policies and other explanatory notes, as set out on pages 29 to 92.

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

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

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

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

In our opinion, the nancial statements have been properly drawn up in accordance with Financial Reporting Standards
and the requirements of the Companies Act 1965 in Malaysia so as to give a true and fair view of the nancial position of
the Group and of the Company as at 31 October 2012 and of their nancial performance and cash ows for the nancial
year then ended.
REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS

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

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

(b) We have considered the nancial statements and the auditors reports of all the subsidiaries of which we have not
acted as auditors, which are indicated in Note 14 to the nancial statements, being nancial statements that have
been included in the consolidated nancial statements.

(c) We are satised that the nancial statements of the subsidiaries that have been consolidated with the nancial
statements of the Company are in form and content appropriate and proper for the purposes of the preparation of
the consolidated nancial statements and we have received satisfactory information and explanations required by
us for those purposes.

REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS contd

(d) The auditors reports on the nancial statements of the subsidiaries were not subject to any qualication material to
the consolidated nancial statements and did not include any comment required to be made under Section 174(3)
of the Act.
OTHER MATTERS

The supplementary information set out in Note 37 on page 93 is disclosed to meet the requirement of Bursa Malaysia
Securities Berhad. The directors are responsible for the preparation of the supplementary information in accordance
with Guidance on Special Matter No. 1, Determination of Realised and Unrealised Prots or Losses in the Context of
Disclosure Pursuant to Bursa Malaysia Securities Berhad Listing Requirements, as issued by the Malaysian Institute of
Accountants (MIA Guidance) and the directive of Bursa Malaysia Securities Berhad. In our opinion, the supplementary
information is prepared, in all material respects, in accordance with the MIA Guidance and the directive of Bursa Malaysia
Securities Berhad.

This report is made solely to the members of the Company, as a body, in accordance with Section 174 of the Companies
Act 1965 in Malaysia and for no other purpose. We do not assume responsibility to any other person for the content of
this report.
ERNST & YOUNG SANDRA SEGARAN A/L MUNIANDY@KRISHNAN
AF: 0039 No. 2882/01/15 (J)
Chartered Accountants Chartered Accountant

Kota Bharu, Kelantan Darul Naim, Malaysia
26 February 2013
to the members of Adventa Berhad
contd
for the nancial year ended 31 October 2012
Group Company
Note 2012 2011 2012 2011
RM RM RM RM
Continuing operations
Revenue 3 14,193,405 12,573,871 - -
Cost of sales 4 (8,578,939) (11,329,521) - -
Gross prot 5,614,466 1,244,350 - -
Other income 17,660 16,027 - -
Administrative expenses (1,411,424) (1,141,823) - -
Selling and marketing expenses (408,072) (1,193,160) - -
Other operating expenses (1,165,450) (735,813) - -
Operating prot 2,647,180 (1,810,419) - -
Finance costs 5 (467,104) (151,683) - -
Prot/(loss) before tax from continuing
operations 6 2,180,076 (1,962,102) - -
Income tax (expense)/benet 9 (831,365) 478,386 - -
Prot/(loss) from continuing operations,
net of tax 1,348,711 (1,483,716) - -
Discontinued operations
Prot from discontinued operations,
net of tax 10 24,147,461 5,581,852 496,364 2,429,199
Prot net of tax 25,496,172 4,098,136 496,364 2,429,199
Group Company
Note 2012 2011 2012 2011
RM RM RM RM
Other comprehensive income:
Foreign currency translation, representing other
comprehensive (loss)/income for the year (2,687,747) 1,586,154 - -
Total comprehensive income for the year 22,808,425 5,684,290 496,364 2,429,199
Prot attributable to:
Owners of the parent 25,541,881 4,185,074 496,364 2,429,199
Minority interests (45,709) (86,938) - -
25,496,172 4,098,136 496,364 2,429,199
Total comprehensive income attributable to:
Owners of the parent 22,854,134 5,771,228 496,364 2,429,199
Minority interests (45,709) (86,938) - -
22,808,425 5,684,290 496,364 2,429,199
Earnings per share attributable to owners of
the parent (sen per share)
Basic 11 16.72 2.74
Earnings/(loss) per share from continuing
operations attributable to owners of the
parent (sen per share)
Basic 11 0.88 (0.97)
Earnings per share from discontinued
operations attributable to owners of the
parent (sen per share)
Basic 11 15.83 3.71
contd
The accompanying accounting policies and explanatory notes form an integral part of the nancial statements.

as at 31 October 2012
Group Company
Note 2012 2011 2012 2011
RM RM RM RM
Assets
Non-current assets
Property, plant and equipment 12 35,001,950 250,332,515 - 693,808
Intangible assets 13 7,027,953 3,304,887 - -
Investment in subsidiaries 14 - - 10,000,000 46,597,320
Long term bank deposits 18 - 2,400,000 - 2,400,000
Deferred tax assets 16 6,110,846 9,223,323 - 122,176
48,140,749 265,260,725 10,000,000 49,813,304
Current assets
Inventories 17 7,640,684 87,780,680 - -
Trade and other receivables 15 3,566,972 85,809,751 - 166,817,618
Prepaid operating expenses 1,187,173 2,697,461 - 30,326
Tax recoverable - - - 289,646
Other investment 35 - - - -
Cash and bank balances 18 1,580,952 13,386,109 - 2,926,294
13,975,781 189,674,001 - 170,063,884
Assets of disposal group classied as held for
sale 10 468,002,380 - 231,012,508 -
481,978,161 189,674,001 231,012,508 170,063,884
Total assets 530,118,910 454,934,726 241,012,508 219,877,188
contd
Group Company
Note 2012 2011 2012 2011
RM RM RM RM
Equity and Liabilities
Current liabilities
Trade and other payables 19 24,027,093 44,858,930 9,000,000 419,743
Derivatives 20 16,876 1,118,944 - -
Income tax payables 2,540 166,207 - -
Loans and borrowings 21 9,720,087 93,401,346 - 17,231,801
33,766,596 139,545,427 9,000,000 17,651,544
Liabilities directly associated with disposal
group classied as held for sale 10 250,838,242 - 108,426,243 -
284,604,838 139,545,427 117,426,243 17,651,544
Non-current liabilities
Deferred tax liabilities 16 - 2,533,647 - -
6,466,667 99,150,319 - 79,135,743
Total liabilities 291,071,505 238,695,746 117,426,243 96,787,287
Equity attributable to owners of the parent
Share capital 23 76,392,885 76,392,885 76,392,885 76,392,885
Share premium 23 43,026,232 43,026,232 43,026,232 43,026,232
Foreign currency translation reserve 24 - (9,170,801) - -
Reserve of disposal group classied as held for
sale 10 (11,858,548) - - -
Retained prots 25 130,801,507 105,259,626 4,167,148 3,670,784
238,362,076 215,507,942 123,586,265 123,089,901
Minority interests 685,329 731,038 - -
Total equity 239,047,405 216,238,980 123,586,265 123,089,901
Total equity and liabilities 530,118,910 454,934,726 241,012,508 219,877,188


Attributable to owners of the parent
Non-distributable Distributable Non-distributable
Equity,
total
Equity
attributable
to owners
of the
parent,
total
Share
capital
Share
premium
Retained
prots
Reserve of
disposal
group
classied
as held for
sale
Foreign
currency
translation
reserves
Minority
interests
RM RM RM RM RM RM RM RM
Group (Note 23) (Note 23) (Note 25) (Note 10) (Note 24)
At 1 November 2011 216,238,980 215,507,942 76,392,885 43,026,232 105,259,626 - (9,170,801) 731,038
Total comprehensive
income 22,808,425 22,854,134 - - 25,541,881 - (2,687,747) (45,709)
Reserve attributable
to disposal group
classied as held
for sale - - - - - (11,858,548) 11,858,548 -
At 31 October 2012 239,047,405 238,362,076 76,392,885 43,026,232 130,801,507 (11,858,548) - 685,329
At 1 November 2010 221,249,694 220,431,718 76,392,885 43,026,232 111,769,556 - (10,756,955) 817,976
Total comprehensive
income 5,684,290 5,771,228 - - 4,185,074 - 1,586,154 (86,938)
Transactions with
owners
Dividends (Note 26) (10,695,004) (10,695,004) - - (10,695,004) - - -
At 31 October 2011 216,238,980 215,507,942 76,392,885 43,026,232 105,259,626 - (9,170,801) 731,038
contd
Non-distributable Distributable
Equity,
total
RM
Share
capital
RM
Share
premium
RM
Retained
prots
RM
Company (Note 23) (Note 23) (Note 25)
At 1 November 2011 123,089,901 76,392,885 43,026,232 3,670,784
Total comprehensive income 496,364 - - 496,364
At 31 October 2012 123,586,265 76,392,885 43,026,232 4,167,148
At 1 November 2010 131,355,706 76,392,885 43,026,232 11,936,589
Total comprehensive income 2,429,199 - - 2,429,199
Transactions with owners
Dividends (Note 26) (10,695,004) - - (10,695,004)
At 31 October 2011 123,089,901 76,392,885 43,026,232 3,670,784

Group Company
Note 2012 2011 2012 2011
RM RM RM RM
Cash ows from operating activities
Prot/(loss) before tax from continuing
operations 2,180,076 (1,962,102) - -
Prot before tax from discontinued operations 10 20,129,924 6,487,585 335,870 3,197,762
Prot before tax 22,310,000 4,525,483 335,870 3,197,762
Adjustments for:
Depreciation of property, plant and
equipment 6 19,912,187 16,750,298 154,444 158,780
Dividend income 3 - - (4,500,000) (7,100,000)
Finance costs 5 8,964,469 8,433,851 5,177,790 3,220,475
Loss/(gain) on disposal of property, plant and
equipment 6 49,771 (367,291) (440) -
Fair value gain on derivatives 6 (1,132,371) - - -
Gain on disposal of investment in subsidiaries 6 - (46,805) - (11,128)
Interest income 6 (997,781) (896,849) (4,918,618) (4,030,691)
Net unrealised foreign exchange (gains)/
losses 6 (782,411) 205,440 - -
Impairment of held-to-maturity investment 6 - 2,500,000 - 2,500,000
Inventories written off 6 - 5,070,299 - -
Property, plant and equipment written off 6 8,740 2,154,363 289 -
Operating prot/(loss) before working capital
changes 48,332,604 38,328,789 (3,750,665) (2,064,802)
Increase in inventories (10,511,058) (28,858,553) - -
Decrease/(increase) in trade and other
receivables 8,588,861 (25,379,810) (7,064,922) (73,060,323)
(Decrease)/increase in trade and other
payables (3,521,607) (13,205,827) 10,136,211 (1,850,077)
Cash from/(used in) operations 42,888,800 (29,115,401) (679,376) (76,975,202)
Interest paid (2,431,766) (3,112,651) - (27)
Interest received 10,158 - - -
Taxes (paid)/refunded (557,219) (1,415,975) 243,109 -
Net cash from/(used in) operating activities 39,909,973 (33,644,027) (436,267) (76,975,229)
contd
Group Company
Note 2012 2011 2012 2011
RM RM RM RM
Cash ows from investing activities
Net cash outow in acquisition of subsidiaries (8,448,992) - (9,000,000) -
Dividends received - - 4,500,000 6,150,000
Interest received 987,623 896,849 4,918,618 4,030,691
Investment in development expenditure (252,239) - - -
Proceeds from disposal of property, plant and
equipment 105,699 858,000 2,199 -
Cash outow arising on disposal of investment
in subsidiaries - (19,556) - -
Purchase of property, plant and equipment (40,148,265) (46,107,814) (4,190) (17,019)
Net cash (used in)/from investing activities (47,756,174) (44,372,521) 416,627 10,163,672
Cash ows from nancing activities
Dividends paid - (10,695,004) - (10,695,004)
Drawdown of other short term borrowings 205,748,053 164,564,411 - 10,003,960
Drawdown of term loans 30,000,000 80,000,000 30,000,000 80,000,000
Interest paid (6,515,827) (4,855,274) (5,177,790) (3,220,448)
Repayment of hire purchase obligations (589,224) (402,737) (529,947) (278,308)
Repayment of other short term borrowings (197,567,197) (142,045,681) (9,166,960) (837,000)
Repayment of term loans (18,668,172) (42,696,774) (9,800,349) (32,617,626)
Net cash from nancing activities 12,407,633 43,868,941 5,324,954 42,355,574
Cash and cash equivalents:
Net increase/(decrease) 4,561,432 (34,147,607) 5,305,314 (24,455,983)
Effects of foreign exchange rate changes 2,787,008 5,979,098 - -
At beginning of year 13,386,109 41,554,618 2,926,294 27,382,277
At end of year (Note 18) 20,734,549 13,386,109 8,231,608 2,926,294

1. CORPORATE INFORMATION
The Company is a public limited liability company, incorporated and domiciled in Malaysia, and is listed on the
Main Market of Bursa Malaysia Securities Berhad. The registered ofce of the Company is located at No. 1, Jalan
8, Pengkalan Chepa 2 Industrial Zone, 16100 Kota Bharu, Kelantan Darul Naim.
The principal activities of the Company are investment holding and provision of management services to its
subsidiaries. The principal activities of the subsidiaries are described in Note 14.
There have been no signicant changes in the nature of the principal activities during the nancial year.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
2.1 Basis of Preparation
The nancial statements of the Group and of the Company have been prepared in accordance with Financial
Reporting Standards (FRS) and the Companies Act 1965 in Malaysia. At the beginning of the current
nancial year, the Group and the Company adopted new and revised FRS which are mandatory for nancial
periods beginning on or after 1 November 2011 as described fully in Note 2.2.
The nancial statements of the Group and of the Company have been prepared on the historical cost basis
except as disclosed in the accounting policies below.
The nancial statements are presented in Ringgit Malaysia (RM).
2.2 Changes in Accounting Policies
The accounting policies adopted are consistent with those of the previous nancial year except as follows:
On 1 November 2011, the Group and the Company adopted the following new and amended FRS and IC
Interpretations mandatory for annual nancial periods beginning on or after 1 January 2011 and 1 July 2011.
Description
Effective for
annual
periods
beginning on
or after
Amendments to FRS 1: Limited Exemption from Comparative FRS 7 Disclosures for
First-time Adopters 1 January 2011
Amendments to FRS 7: Improving Disclosures about Financial Instruments 1 January 2011
Improvements to FRSs (2010) 1 January 2011
Amendments to FRS 1: Additional Exemptions for First-Time Adopters 1 January 2011
Amendments to FRS 2: Group Cash-settled Share-based Payment Transactions 1 January 2011
IC Interpretation 4: Determining whether an Arrangement contains a Lease 1 January 2011
IC Interpretation 18: Transfers of Assets from Customers 1 January 2011
TR 3: Guidance a Disclosure of Transition to IFRSs 1 January 2011
TR i - 4: Shariah Compliant Sale Contracts 1 January 2011
IC Interpretation 19 Extinguishing Financial Liabilities with Equity Instruments 1 July 2011
Amendments to IC Interpretation 14: Prepayment of a Minimum Funding
Requirement 1 July 2011

contd
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES contd
2.3 Malaysian Financial Reporting Standards (MFRS Framework)
On 19 November 2011, the Malaysian Accounting Standards Board (MASB) issued a new MASB approved
accounting framework, the Malaysian Financial Reporting Standards (MFRS Framework).
The MFRS Framework is to be applied by all Entities Other Than Private Entities for annual periods beginning
on or after 1 January 2012, with the exception of entities that are within the scope of MFRS 141 Agriculture
(MFRS 141) and IC Interpretation 15 Agreements for Construction of Real Estate (IC 15), including its parent,
signicant investor and venturer.
The Group and the Company will be required to prepare nancial statements using the MFRS Framework in
its rst MFRS nancial statements for the year ending 31 October 2013. In presenting its rst MFRS nancial
statements, the Group and the Company will be required to restate the comparative nancial statements
to amounts reecting the application of MFRS Framework. The majority of the adjustments required on
transition will be made, retrospectively, against opening accumulated losses.
The Group and the Company have not completed their assessment of the nancial effects of the differences
between Financial Reporting Standards and accounting standards under the MFRS Framework. Accordingly,
the nancial performance and nancial position as disclosed in these nancial statements for the year ended
31 October 2012 could be different if prepared under the MFRS Framework.
2.4 Subsidiaries and Basis of Consolidation
(a) Subsidiaries
Subsidiaries are entities over which the Group has the ability to control the nancial and operating
policies so as to obtain benets from their activities. The existence and effect of potential voting rights
that are currently exercisable or convertible are considered when assessing whether the Group has such
power over another entity.
In the Companys separate nancial statements, investments in subsidiaries are stated at cost less
impairment losses. On disposal of such investments, the difference between net disposal proceeds and
their carrying amounts is included in statement of comprehensive income.
(b) Basis of Consolidation
The consolidated nancial statements comprise the nancial statements of the Company and its
subsidiaries as at the reporting date. The nancial statements of the subsidiaries used in the preparation
of the consolidated nancial statements are prepared for the same reporting date as the Company.
Consistent accounting policies are applied to like transactions and event in similar circumstances.
All intra-group balances, income, expenses and unrealised gains and losses resulting from intra-group
transactions are eliminated in full.
Acquisitions of subsidiaries are accounted for by applying the purchase method. Identiable asssets
acquired and liabilities and contingent liabilities assumed in a business combination are measured
initially at their fair values at the acquisition date. Adjustments to those fair values relating to previously
held interests are treated as a revaluation and recognised in other comprehensive income. The cost of
a business combination is measured as the aggregate of the fair values, at the date of exchange, of
the assets given, liabilities incurred or assumed, and equity instruments issued, plus any costs directly
attributable to the business combination.
Any excess of the cost of the acquisition over the Groups share in the net fair value of the acquired
subsidiarys identiable assets, liabilities and contingent liabilities is recorded as goodwill in the
statement of nancial position. The accounting policy for goodwill is set out in Note 2.7.

contd

2.4 Subsidiaries and Basis of Consolidation contd

(b) Basis of Consolidation contd
Any excess of the Groups share in the net fair value of the acquired subsidiarys identiable assets,
liabilities and contingent liabilities over the cost of the business combination is recognised as income in
prot or loss on the date of acquisition.
When the Group acquires a business, embedded derivitives separated from the host contract by the
acquiree are reassessed on acquisition unless the business combination results in a change in the terms
of the contract that signicantly modies the cash ows that would otherwise be required under the
contract.
Subsidiaries are consolidated from the date of acquisition, being the date on which the Group obtains
control, and continue to be consolidated until the date that such control ceases.
Minority interests represent the portion of prot or loss and net assets in subsidiaries not held by the
Group and are presented separately in prot or loss of the Group and within equity in the consolidated
statements of nancial position, separately from parent shareholders equity. Transactions with minority
interests are accounted for using the entity concept method, whereby, transactions with minority interests
are accounted for as transactions with owners. On acquisition of minority interests, the difference
between the consideration and book value of the share of the net assets acquired is recognised directly
in equity. Gain or loss on disposal to minority interests is recognised directly in equity.
2.5 Property, Plant and Equipment and Depreciation
All items of property, plant and equipment are initially recorded at cost. The cost of an item of property, plant
and equipment is recognised as an asset if, and only if, it is probable that future economic benets associated
with the item will ow to the Group and the cost of the item can be measured reliably.
Subsequent to recognition, property, plant and equipment are measured at cost less accumulated depreciation
and accumulated impairment losses. When signicant parts of property, plant and equipment are required to
be replaced in intervals, the Group derecognises the carrying amount of the replaced parts and includes the
costs of the replacement parts in the assets carrying amount or recognises such costs as individual assets with
specic useful lives and depreciation, as appropriate. All other repair and maintenance costs are recognised
in prot or loss as incurred.
Freehold land has an unlimited useful life and therefore is not depreciated. Capital work-in-progress are also
not depreciated as these assets are not yet available for use. Long term leasehold land is depreciated over
the period of the respective leases that range from 60 to 66 years. Depreciation of other property, plant and
equipment is computed on a straight-line basis over the estimated useful lives of the assets, at the following
annual rates:
Buildings 2%
Plant and equipment 2% - 20%
Motor vehicles 10% - 20%
Ofce equipment, renovation, furniture and ttings 10% - 25%
The carrying values or property, plant and equipment are reviewed for impairment when events or changes
in circumstances indicate that the carrying value may not be recoverable.
The residual values, useful life and depreciation method are reviewed at each nancial year end and adjusted
prospectively if appropriate.
An item of property, plant and equipment is derecognised upon disposal or when no future economic benets
are expected from its use or disposal. Any gain or loss on derecognition of the asset is included in the prot
or loss in the year the asset is derecognised.
2.6 Leases
(a) As Lessee
Finance leases, which transfer to the Group substantially all the risks and rewards incidental to ownership
of the leased item, are capitalised at the inception of the lease at the fair value of the leased asset or,
if lower, at the present value of the minimum lease payments. Any initial direct costs are also added to
the amount capitalised. Lease payments are apportioned between the nance charges and reduction
of the lease liability so as to achieve a constant rate of interest on the remaining balance of the liability.
Finance charges are charged to prot or loss. Contingent rents, if any, are charged as expenses in the
periods in which they are incurred.
Leased assets are depreciated over the estimated useful life of the asset. However, if there is no
reasonable certainty that the Group will obtain ownership by the end of the lease term, the asset is
depreciated over the shorter of the estimated useful life and the lease term.
Operating lease payments are recognised as an expense in prot or loss on a straight-line basis over the
lease term. The aggregate benet of incentives provided by the lessor is recognised as a reduction of
rental expense over the lease term on a straight-line basis.
(b) As Lessor
Leases where the Group retains substantially all the risks and rewards of ownership of the asset are
classied as operating leases. Initial direct costs incurred in negotiating an operating lease are added to
the carrying amount of the leased asset and recognised over the lease term on the same bases as rental
income. The accounting policy for rental income is set out in Note 2.13(e).
2.7 Intangible Assets
Goodwill
Goodwill is initially measured at cost. Following initial recognition, goodwill is measured at cost less
accumulated impairment losses.
For the purpose of impairment testing, goodwill is allocated, from the acquisition date, to each of the Groups
cash-generating units (CGUs) that are expected to benet from the synergies of the combination.
The CGU to which goodwill has been allocated is tested for impairment annually and whenever there is an
indication that the CGU may be impaired, by comparing the carrying amount of the CGU, including the
allocated goodwill, with the recoverable amount of the CGU. Where the recoverable amount of the CGU
is less than the carrying amount, an impairment loss is recognised in the prot or loss. Impairment losses
recognised for goodwill are not reversed in subsequent periods.
Where goodwill form part of a CGU and part of the operation within that CGU is disposed of, the goodwill
associated with the operation disposed of is included in the carrying amout of the operation when determining
the gain or loss on disposal of the operation. Goodwill disposed of in this circumstance is measured based on
the relative fair values of the operations disposed of and the portion of the CGU retained.
2.8 Impairment of Non-Financial Assets
The Group assesses at each reporting date whether there is an indication that an asset may be impaired. If any
such indication exists, or when an annual impairment assessment for an asset is required, the Group makes
an estimate of the assets recoverable amount.
An assets recoverable amount is the higher of an assets fair value less costs to sell and its value in use. For
the purpose of assessing impairment, assets are grouped at the lowest level for which there are separately
indentiable cash ows (i.e. CGUs).

contd
2.8 Impairment of Non-Financial Assets contd
In assessing value in use, the estimated future cash ows expected to be generated by the asset are discounted
to their present value using a pre-tax discount rate that reects current market assessments of the time value
of money and the risks specic to the asset. Where the carrying amount of an asset exceeds its recoverable
amount, the asset is written down to its recoverable amount. Impairment losses recognised in respect of a
CGU or groups of CGUs are allocated rst to reduce the carrying amount of any goodwill allocated to those
units or groups of units and then, to reduce the carrying amount of the other assets in the unit or groups of
units on a pro-rata basis.
Impairment losses are recognised in prot or loss.
An assessment is made at each reporting date as to whether there is any indication that previously recognised
impairment losses may no longer exist or may have decreased. A previously recognised impairment loss is
reversed only if there has been a change in the estimates used to determine the assets recoverable amount
since the last impairment loss was recognised. If that is the case, the carrying amount of the asset is increased to
its recoverable amount. That increase cannot exceed the carrying amount that would have been determined,
net of depreciation, had no impairment loss been recognised previously. Such reversal is recognised in prot
or loss. Impairment loss on goodwill is not reversed in a subsequent period.
2.9 Inventories
Inventories are stated at lower of cost and net realisable value.
Costs incurred in bringing raw materials inventories to their present location and condition are accounted for
as purchase costs on a rst-in rst-out basis.
Costs incurred in bringing nished goods and work-in-progress inventories to their present location and
condition are accounted for as costs of direct materials and labour and a proportion of manufacturing
overheads based on normal operating capacity, assigned on a rst-in rst-out basis.
Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs
of completion and the estimated costs necessary to make the sale.
2.10 Financial Assets
Financial assets are recognised in the statements of nancial position when, and only when, the Group has
become a party to the contractual provisions of the nancial instruments.
When nancial assets are recognised initially, they are measured at fair value, plus, in the case of nancial
assets not at fair value through prot or loss, directly attributable transaction costs.
The Group determines the classication of its nancial assets at initial recognition, and the categories include
nancial assets at fair value through prot or loss, loans and receivables and held-to-maturity investments.
(a) Financial Assets at Fair Value Through Prot or Loss
Financial assets are classied as nancial assets at fair value through prot or loss if they are held
for trading or are designated as such upon initial recognition. Financial assets held for trading are
derivatives (including separated embedded derivatives) or nancial assets acquired principally for the
purpose of selling in the near term.
Subsequent to initial recognition, nancial assets at fair value through prot or loss are measured at fair
value. Any gains or losses arising from changes in fair value are recognised in prot or loss. Net gains or
losses on nancial assets at fair value through prot or loss do not include exchange differences, interest
and dividend income. Exchange differences, interest and dividend income on nancial assets at fair value
through prot or loss are recognised separately in prot or loss as part of other losses or other income.
contd
2.10 Financial Assets contd
(a) Financial Assets at Fair Value Through Prot or Loss contd
Financial assets at fair value through prot or loss could be presented as either current or non-current.
Financial assets that are held primarily for trading purposes are presented as current whereas nancial
assets that are not held primarily for trading purposes are presented as current or non-current based on
their settlement dates.
(b) Loans and Receivables
Financial assets with xed or determinable payments that are not quoted in an active market are
classied as loans and receivables.
Subsequent to initial recognition, loans and receivables are measured at amortised cost using the
effective interest method. Gains and losses are recognised in prot or loss when the loans and receivables
are derecognised or impaired, and through the amortisation process.
Loans and receivables are classied as current assets, except for those having maturity dates later than
12 months after the reporting date which are classied as non-current.
(c) Held-to-maturity Investments
Financial assets with xed or determinable payments and xed maturity are classied as held-to-maturity
when the Group has the positive intention and ability to hold the investment to maturity.
Subsequent to initial recognition, held-to-maturity investments are measured at amortised cost using
the effective interest method. Gains and losses are recognised in prot or loss when the held-to-maturity
investments are derecognised or impaired, and through the amortisation process.
Held-to-maturity investments are classied as non-current assets, except for those having maturity
within 12 months after the reporting date which are classied as current.
A nancial asset is derecognised when the contractual right to receive cash ows from the asset has expired.
On derecognition of a nancial asset in its entirety, the difference between the carrying amount and the sum of
the consideration received and any cumulative gain or loss that had been recognised in other comprehensive
income is recognised in prot or loss.
Regular way purchases or sales are purchases or sales of nancial assets that require delivery of assets within
the period generally established by regulation or convention in the marketplace concerned. All regular way
purchases and sales of nancial assets are recognised or derecognised on the trade date, i.e. the date that
the Group commits to purchase or sell the asset.
contd
2.11 Impairment of Financial Assets
The Group and the Company assess at each reporting date whether there is any objective evidence that a
nancial asset is impaired.
(a) Trade and Other Receivables and Other Financial Assets Carried at Amortised Cost
To determine whether there is objective evidence that an impairment loss on nancial assets has been
incurred, the Group and the Company consider factors such as the probability of insolvency or signicant
nancial difculties of the debtor and default or signicant delay in payments. For certain categories
of nancial assets, such as trade receivables, assets that are assessed not to be impaired individually
are subsequently assessed for impairment on a collective basis based on similar risk characteristics.
Objective evidence of impairment for a portfolio of receivables could include the Groups and the
Companys past experience of collecting payments, an increase in the number of delayed payments
in the portfolio past the average credit period and observable changes in national or local economic
conditions that correlate with default on receivables.
If any such evidence exists, the amount of impairment loss is measured as the difference between the
assets carrying amount and the present value of estimated future cash ows discounted at the nancial
assets original effective interest rate. The impairment loss is recognised in prot or loss.
The carrying amount of the nancial asset is reduced by the impairment loss directly for all nancial
assets with the exception of trade receivables, where the carrying amount is reduced through the use
of an allowance account. When a trade receivable becomes uncollectible, it is written off against the
allowance account.
If in a subsequent period, the amount of the impairment loss decreases and the decrease can be related
objectively to an event occurring after the impairment was recognised, the previously recognised
impairment loss is reversed to the extent that the carrying amount of the asset does not exceed its
amortised cost at the reversal date. The amount of reversal is recognised in prot or loss.
(b) Available-for-sale Financial Assets
Signicant or prolonged decline in fair value below cost, signicant nancial difculties of the issuer or
obligor, and the disappearance of an active trading market are considerations to determine whether there
is objective evidence that investment securities classied as available-for-sale nancial assets are impaired.

If an available-for-sale nancial asset is impaired, an amount comprising the difference between
its cost (net of any principal payment and amortisation) and its current fair value, less any
impairment loss previously recognised in prot or loss, is transferred from equity to prot or loss.

Impairment losses on available-for-sale equity investments are not reversed in prot or loss in the
subsequent periods. Increase in fair value, if any, subsequent to impairment loss is recognised in other
comprehensive income. For available-for-sale debt investments, impairment losses are subsequently
reversed in prot or loss if an increase in the fair value of the investment can be objectively related to
an event occurring after the recognition of the impairment loss in prot or loss.
2.12 Cash and Cash Equivalents
Cash and cash equivalents comprise cash at bank and deposit with licensed bank.
contd
2.13 Revenue Recognition
Revenue is recognised to the extent that it is probable that the economic benets will ow to the Group and
the revenue can be reliably measured. The following specic recognition criteria must also be met before
revenue is recognised:
(a) Sale of Goods
Revenue is recognised net of sales taxes and upon transfer of signicant risks and rewards of ownership
to the buyer. Revenue is not recognised to the extent where there are signicant uncertainties regarding
recovery of the consideration due, associated costs or the possible return of goods.
(b) Dividend Income
Dividend income is recognised when the Groups right to receive payment is established.
(c) Management Fees
Management fees are recognised when services are rendered.
(d) Interest Income
Interest income is recognised on an accrual basis using the effective interest method.
(e) Rental Income
Rental income is recognised on an accrual basis.
2.14 Employee Benets
(a) Short Term Benets
Wages, salaries, bonuses and social security contributions are recognised as an expense in the year
in which the associated services are rendered by employees. Short term accumulating compensated
absences such as paid annual leave are recognised when services are rendered by employees that
increase their entitlement to future compensated absences. Short term non-accumulating compensated
absences such as sick leave are recognised when the absences occur.
(b) Dened Contribution Plans
Dened contribution plans are post-employment benet plans under which the Group pays xed
contributions into separate entities or funds and will have no legal or constructive obligation to pay
further contributions if any of the funds do not hold sufcient assets to pay all employee benets relating
to employee services in the current and preceding nancial years. Such contributions are recognised
as an expense in the prot or loss as incurred. As required by law, companies in Malaysia make such
contributions to the Employees Provident Fund (EPF). Some of the Groups foreign subsidiaries also
make contributions to their respective countries statutory pension schemes.
2.15 Borrowing Costs
Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which
are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are
added to the cost of those assets, until such time as the assets are substantially ready for their intended
use or sale. Investment income earned on the temporary investment of specic borrowings pending their
expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation.
All other borrowing costs are recognised in prot or loss in the period in which they are incurred.

contd
2.16 Foreign Currencies
(a) Functional and Presentation Currency
The individual nancial statements of each entity in the Group are measured using the currency of the
primary economic environment in which the entity operates (the functional currency). The consolidated
nancial statements are presented in Ringgit Malaysia (RM), which is also the Companys functional
currency.
(b) Foreign Currency Transactions
In preparing the nancial statements of the individual entities, transactions in currencies other than
the entitys functional currency (foreign currencies) are recorded in the functional currencies using
the exchange rates prevailing at the dates of the transactions. At each reporting date, monetary items
denominated in foreign currencies are translated at the rates prevailing on the reporting date. Non-
monetary items carried at fair value that are denominated in foreign currencies are translated at the
rates prevailing on the date when the fair value was determined. Non-monetary items that are measured
in terms of historical cost in a foreign currency are not retranslated.
Exchange differences arising on the settlement of monetary items or on translating monetary items at
the reporting date are recognised in prot or loss except for exchange differences arising on monetary
items that form part of the Groups net investment in foreign operations, which are recognised initially in
other comprehensive income and accumulated under foreign currency translation reserve in equity. The
foreign currency translation reserve is reclassied from equity to prot or loss of the Group on disposal
of the foreign operation.
Exchange differences arising on the translation of non-monetary items carried at fair value are included
in prot or loss for the period except for the differences arising on the translation of non-monetary items
in respect of which gains and losses are recognised directly in equity. Exchange differences arising from
such non-monetary items are also recognised directly in equity.
(c) Foreign Operations
The assets and liabilities of foreign operations are translated into RM at the rate of exchange ruling at the
reporting date and income and expenses are translated at exchange rates at the dates of the transactions.
The exchange differences arising on the translation are taken directly to other comprehensive income.
On disposal of a foreign operation, the cumulative amount recognised in other comprehensive income
and accumulated in equity under foreign currency translation reserve relating to that particular foreign
operation is recognised in the prot or loss.
Goodwill and fair value adjustments arising on the acquisition of foreign operations are treated as
assets and liabilities of the foreign operations and are recorded in the functional currency of the foreign
operations and translated at the closing rate at the reporting date.
2.17 Provisions
Provisions are recognised when the Group has a present obligation as a result of a past event and it is probable
that an outow of resources embodying economic benets will be required to settle the obligation, and a
reliable estimate of the amount can be made. Provisions are reviewed at each reporting date and adjusted
to reect the current best estimate. Where the effect of the time value of money is material, provisions are
discounted using a current pre-tax rate that reects, where appropriate, the risks specic to the liability.
Where discounting is used, the increase in the provision due to the passage of time is recognised as nance
cost.
contd
2.18 Segment Reporting
For management purposes, the Group is organised into operating segments based on their products
and services which are independently managed by the respective segment managers responsible for the
performance of the respective segments under their charge. The segment managers report directly to the
management of the Company who regularly review the segment results in order to allocate resources to the
segments and to assess the segment performance. Additional disclosures on each of these segments are
shown in Note 33, including the factors used to identify the reportable segments and the measurement basis
of segment information.
2.19 Income Tax
Income tax on the prot or loss for the year comprises current and deferred tax. Current tax is the expected
amount of income taxes payable in respect of the taxable prot for the year and is measured using the tax
rates that have been enacted at the reporting date.
Deferred tax is provided for, using the liability method on temporary differences at the reporting date
between the tax bases of assets and liabilities and their carrying amounts for nancial reporting purposes.
In principle, deferred tax liabilities are recognised for all taxable temporary differences and deferred tax
assets are recognised for all deductible temporary differences, unused tax losses and unused tax credits to
the extent that it is probable that taxable prot will be available against which the deductible temporary
differences, unused tax losses and unused tax credits can be utilised. Deferred tax is not recognised if the
temporary difference arises from goodwill or negative goodwill or from the initial recognition of an asset or
liability in a transaction which is not a business combination and at the time of the transaction, affects neither
accounting prot nor taxable prot.
Deferred tax is measured at the tax rates that are expected to apply in the period when the asset is realised
or the liability is settled, based on tax rates that have been enacted or substantively enacted at the reporting
date. Deferred tax is recognised as income or an expense and included in the prot or loss for the period,
except when it arises from a transaction which is recognised directly in equity, in which case the deferred tax
is also recognised directly in equity, or when it arises from a business combination that is an acquisition, in
which case the deferred tax is included in the resulting goodwill or the amount of any excess of the acquirers
interest is the net fair value of the acquirees identiable assets, liabilities and contingent liabilities over the
cost of the combination.
2.20 Financial Liabilities
Financial liabilities are classied according to the substance of the contractual arrangements entered into and
the denitions of a nancial liability.
Financial liabilities, within the scope of FRS 139, are recognised in the statements of nancial position when,
and only when, the Group and the Company become a party to the contractual provisions of the nancial
instrument. Financial liabilities are classied as either nancial liabilities at fair value through prot or loss or
other nancial liabilities.
(a) Financial Liabilities at Fair Value Through Prot or Loss
Financial liabilities at fair value through prot or loss include nancial liabilities held for trading and
nancial liabilities designated upon initial recognition as at fair value through prot or loss.
Financial liabilities held for trading include derivatives entered into by the Group and the Company that
do not meet the hedge accounting criteria. Derivative liabilities are initially measured at fair value and
subsequently stated at fair value, with any resultant gains or losses recognised in prot or loss. Net gains
or losses on derivatives include exchange differences.
The Group and the Company have not designated any nancial liabilities as at fair value through prot
or loss.
contd
2.20 Financial Liabilities contd
(b) Other Financial Liabilities
The Groups and the Companys other nancial liabilities include trade payables, other payables and
loans and borrowings.
Trade and other payables are recognised initially at fair value plus directly attributable transaction costs
and subsequently measured at amortised cost using the effective interest method.
Loans and borrowings are recognised initially at fair value, net of transaction costs incurred, and
subsequently measured at amortised cost using the effective interest method. Borrowings are classied
as current liabilities unless the Group has an unconditional right to defer settlement of the liability for at
least 12 months after the reporting date.
For other nancial liabilities, gains and losses are recognised in prot or loss when the liabilities are
derecognised, and through the amortisation process.
(c) Financial Guarantee Contracts
The Company provided nancial guarantee to banks in connection with bank loans and other banking
faciliities granted to its subsidiaries. The Company did not recognise the unexpired nancial guarantees
issued by the Company as nancial liabilities as the nancial guarantee granted is the pre-condition for
getting credit facilities by the subsidiaries rather than in exchange for reducing interest rate.
A nancial liability is derecognised when the obligation under the liability is extinguished. When an existing
nancial liability is replaced by another from the same lender on substantially different terms, or the terms of
an existing liability are substantially modied, such an exchange or modication is treated as a derecognition
of the original liability and the recognition of a new liability, and the difference in the respective carrying
amounts is recognised in prot or loss.
2.21 Discontinued Operation
A component of the Group is classied as a discontinued operation when the criteria to be classied as
held for sale have been met or it has been disposed of and such a component represents a separate major
line of business or geographical area of operations or is part of a single coordinated major line of business or
geographical area of operations. A component is deemed to be held for sale if its carrying amounts will be
recovered principally through a sale transaction rather than through continuing use.

Upon classication as held for sale, non-current assets and disposal groups are not depreciated and are
measured at the lower of carrying amount and fair value less costs to sell. Any differences are recognised in
prot or loss.
2.22 Signicant Accounting Estimates and Judgements
(a) Critical Judgements Made in Applying Accounting Policies
There were no signicant judgements made in applying the Groups accounting policies which may have
signicant effect on the amounts recognised in the nancial statements.
contd
2.22 Signicant Accounting Estimates and Judgements contd
(b) Key Sources of Estimation Uncertainty
The key assumptions concerning the future and other key sources of estimation uncertainty at reporting
date, that have a signicant risk of causing a material adjustment to the carrying amounts of assets and
liabilities within the next nancial year are discussed below:
(i) Impairment of Goodwill
The Group determines whether goodwill is impaired at least on an annual basis. This requires
an estimation of the value in use of the cash-generating units (CGU) to which goodwill are
allocated. Estimating a value in use amount requires management to make an estimate of the
expected future cash ows from the CGU and also to choose a suitable discount rate in order to
calculate the present value of those cash ows. The carrying amount of goodwill as at 31 October
2012 was RM8,267,211 (2011: RM3,304,887).
(ii) Depreciation of Plant and Equipment
The cost of plant and equipment for the manufacture of gloves and generation of components is
depreciated on a straight-line basis over the assets useful lives. Management estimates the useful
lives of these plant and equipment to be within 10 to 50 years. Changes in the expected level of
usage and technological developments could impact the economic useful lives of these assets,
therefore future depreciation charges could be revised.
(iii) Deferred Tax Assets
Deferred tax assets are recognised for all unabsorbed tax losses, unused reinvestment allowances
and unulitised capital allowances to the extent that it is probable that taxable prot will be
available against which the losses and capital allowances can be utilised. Signicant management
judgement is required to determine the amount of deferred tax assets that can be recognised,
based upon the likely timing and level of future taxable prots together with future tax planning
strategies. The total carrying value of recognised tax losses, reinvestment allowances and capital
allowances of the Group as at 31 October 2012 was RM175,000,000 (2011: RM117,000,000).
3. REVENUE
Group Company
2012 2011 2012 2011
RM RM RM RM
Sale of goods, net of discounts 14,193,405 12,573,871 - -
Sale of goods, net of discounts 424,344,553 417,554,714 - -
Gross dividends from subsidiaries - - 4,500,000 7,100,000
Management fees from subsidiaries - - 1,980,000 2,220,000
424,344,553 417,554,714 6,480,000 9,320,000
438,537,958 430,128,585 6,480,000 9,320,000

contd
4. COST OF SALES

Cost of sales represents cost of inventories sold.

5. FINANCE COSTS

Group Company
2012 2011 2012 2011
RM RM RM RM
Interest expense on:
Export credit renancing, bankers acceptances,
revolving credit, trade loan nancing and
letter of credit 266,875 151,683 - -
Term loans 183,353 - - -
Fair value losses 16,876 - - -
467,104 151,683 - -
Interest expense on:
Bank overdraft 15,299 38,289 - 27
Export credit renancing, bankers acceptances,
revolving credit, trade loan nancing and
letter of credit 2,149,592 2,922,679 - -
Hire purchase 23,740 52,756 - -
Medium term notes 4,450,381 1,114,180 4,450,381 1,114,180
Term loans 1,858,353 3,688,338 727,409 2,106,268
Fair value losses - 465,926 - -
8,497,365 8,282,168 5,177,790 3,220,475
8,964,469 8,433,851 5,177,790 3,220,475

contd
contd
6. PROFIT/(LOSS) BEFORE TAX
The following amounts have been included in arriving at prot/(loss) before tax:

Group Company
2012 2011 2012 2011
RM RM RM RM
Restated Restated
Auditors remuneration
- Continuing 17,000 8,000 - -
- Discontinuing 154,239 135,257 33,000 28,000
Depreciation of property, plant and equipment
(Note 12)
- Continuing 430,566 77,110 - -
- Discontinuing 19,481,621 16,673,188 154,444 158,780
Employee benets expense (Note 7)
- Continuing 1,475,437 977,260 - -
- Discontinuing 45,213,682 41,842,246 3,364,678 3,326,663
Hire of machinery and vehicle
- Continuing 1,250 - - -
- Discontinuing 10,660 8,800 - -
Net foreign exchange losses/(gain):
- Continuing
Realised 230,776 133,286 - -
Unrealised 19,535 - - -
- Discontinuing
Realised 1,507,803 1,373,510 (33,766) 110
Unrealised (801,946) 205,440 - -
Non-executive directors remuneration excluding
benets-in-kind (Note 8)
- Discontinuing 270,960 270,960 174,960 174,960
Impairment of held-to-maturity investment
- Discontinuing - 2,500,000 - 2,500,000
Inventories written off - Discontinuing - 5,070,299 - -
Rental expenses
- Continuing 355,600 784,580 - -
- Discontinuing 1,427,533 1,125,913 - 12,000
Property, plant and equipment written off -
Discontinuing 8,740 2,154,363 289 -
Provision for impairment of trade receivables -
Discontinuing 33,044 - - -
Fair value gain - Discontinuing (1,132,311) - - -
Gain on disposal of subsidiaries - (46,805) - (11,128)
Loss/(gain) on disposal of property, plant and
equipment 49,771 (367,291) (440) -

contd
6. PROFIT/(LOSS) BEFORE TAX contd

The following amounts have been included in arriving at prot/(loss) before tax: contd

Group Company
2012 2011 2012 2011
RM RM RM RM
Restated Restated
Interest income
- Continuing (10,158) (12,947) - -
- Discontinuing (987,623) (883,902) (4,918,618) (4,030,691)
Insurance compensation received
- Discontinuing (194,897) (670,055) - -
Rental received - Continuing - (3,080) - -

7. EMPLOYEE BENEFITS EXPENSES

Group Company
2012 2011 2012 2011
RM RM RM RM
Salaries and wages 41,347,958 37,942,493 2,324,512 2,278,661
Contributions to dened contribution plan 2,399,811 2,172,918 416,577 400,662
Social security contributions 767,785 618,145 17,444 18,440
Other benets 2,173,565 2,085,950 606,145 628,900
46,689,119 42,819,506 3,364,678 3,326,663

Included in employee benets expense of the Group and of the Company are executive directors remuneration
amounting to RM1,898,160 (2011: RM1,677,829) and RM1,425,968 (2011: RM1,243,161) respectively as further
disclosed in Note 8.

contd
8. DIRECTORS REMUNERATION

Group Company
2012 2011 2012 2011
RM RM RM RM
Executive directors remuneration (Note 7):
Fees 51,840 51,840 51,840 51,840
Other emoluments 1,846,320 1,625,989 1,374,128 1,191,321
1,898,160 1,677,829 1,425,968 1,243,161
Non-executive directors remuneration (Note 6):
Fees 270,960 270,960 174,960 174,960
Total directors remuneration 2,169,120 1,948,789 1,600,928 1,418,121
Estimated money value of benet-in-kind 17,325 22,637 13,325 18,637
Total directors remuneration including
benet-in-kind 2,186,445 1,971,426 1,614,253 1,436,758
The details of remuneration of directors of the Company are analysed as follows:

Group Company
2012 2011 2012 2011
RM RM RM RM
Executive:
Salaries and other emoluments 1,603,040 1,417,664 1,206,240 1,052,408
Contributions to dened contribution plan 294,500 259,545 219,108 190,133
Social security contributions 620 620 620 620
Estimated money value of benet-in-kind 17,325 22,637 13,325 18,637
1,915,485 1,700,466 1,439,293 1,261,798
Non-executive:
Fees 174,960 174,960 174,960 174,960
Total 2,090,445 1,875,426 1,614,253 1,436,758

contd
8. DIRECTORS REMUNERATION contd

The number of directors of the Company whose total remuneration during the nancial year fell within the following
bands is analysed below:

Number of directors
2012 2011
Executive directors:
RM450,001 - RM500,000 - 1
RM500,001 - RM550,000 1 -
RM1,200,001 - RM1,250,000 - 1
RM1,350,001 - RM1,400,000 1 -
Non-executive directors:
RM50,001 - RM100,000 3 3
9. INCOME TAX (BENEFIT)/EXPENSE

Group Company
2012 2011 2012 2011
RM RM RM RM
Current year tax - continuing operations:
Malaysian income tax 2,541 - - -
2,541 - - -
Over provision in prior years:
Malaysian income tax - (1,227) - -
- (1,227) - -
2,541 (1,227) - -
Deferred tax - continuing operations:
Relating to origination and reversal of
temporary differences 729,412 (471,475) - -
Under/(over) provision in prior years 99,412 (5,684) - -
828,824 (477,159) - -
Income tax attributable to continuing operations 831,365 (478,386) - -
Income tax attributable to discontinued
operations (4,017,537) 905,733 (160,494) 768,563
Income tax (benet)/expense recognised in prot
or loss (3,186,172) 427,347 (160,494) 768,563

contd
9. INCOME TAX (BENEFIT)/EXPENSE contd
Domestic current income tax is calculated at the statutory tax rate of 25% (2011: 25%) of the estimated assessable
prot for the nancial year.
Taxation for other jurisdictions is calculated at the rates prevailing in the respective jurisdiction.
The effective tax rate for the Group is lower than the statutory income tax rate due to availability of reinvestment
allowance from capital expenditure incurred by certain subsidiaries and prot exempted under pioneer status
and International Procurement Centre (IPC) status by the Malaysian Industrial Development Authority (MIDA)
granted to certain subsidiaries, subject to all the criterias set being met.
A reconciliation of income tax expense applicable to prot before tax at the statutory income tax rate to income
tax expense at the effective income tax rate of the Group and of the Company is as follows:

2012 2011
RM RM
Group
Prot(loss) before tax from continuing operations 2,180,076 (1,962,102)
Prot before tax from discontinued operations (Note 10) 20,129,924 6,487,585
Accounting prot before tax 22,310,000 4,525,483
Income tax at Malaysian statutory tax rate of 25% (2011: 25%) 5,577,500 1,131,371
Effect of different tax rates in other countries (30,365) (69,506)
Effect of income not subject to tax (750) -
Effect of income exempted under pioneer status (1,540,893) -
Effect of income exempted under IPC status (1,145,461) (3,118,713)
Effect of expenses not deductible for tax purposes 1,933,282 3,342,738
Deferred tax assets recognised on reinvestment allowances, unabsorbed capital
allowances and unused tax losses (3,407,144) (3,749,612)
Deferred tax assets not recognised in respect of current years tax losses 23,603 86,705
Over provision of deferred tax in prior years (1,539,645) (90,756)
(Over)/under provision of income tax in prior years (3,056,299) 2,895,120
Income tax (benet)/expense recognised in prot or loss (3,186,172) 427,347
Company
Accounting prot before tax from discontinued operation (Note 10) 335,870 3,197,762
Income tax at Malaysian statutory tax rate of 25% (2011: 25%) 83,968 799,441
Effect of income not subject to tax (1,191,795) (1,080,340)
Effect of expenses not deductible for tax purposes 1,022,735 1,154,435
Deferred tax assets recognised on unabsorbed capital allowances and unused
tax losses (93,425) (85,085)
Under/(over) provision of deferred tax in prior years 111,288 (19,888)
Over provision of income tax in prior years (93,265) -
Income tax (benet)/expense recognised in prot or loss (160,494) 768,563

contd
10. DISCONTINUED OPERATIONS AND DISPOSAL GROUP CLASSIFIED AS HELD FOR SALE
As stated in Note 34 Signicant and subsequent events, on 25 July 2012 the Board of Directors of the Company
has decided to accept the offer from Aspion Sdn. Bhd. to acquire all of the businesses and undertakings of the
Group other than the Excluded Business (Specied Business). The Excluded Business refers to all the shares in
the capital of Sun Healthcare (M) Sdn. Bhd. and Electron Beam Sdn. Bhd., held by the Group.
As at 31 October 2012, the assets and liabilities related to the Specied Business have been presented in the
statement of nancial position as Assets of disposal group classied as held for sale and Liabilities directly
associated with disposal group classied as held for sale, and its results are presented separately on the statement
of comprehensive income as Prot from discontinued operations, net of tax.
Statements of nancial position disclosures
The major classes of assets and liabilities of the Specied Business classied as held for sale and the related foreign
currency translation reserves as at 31 October 2012 are as follows:

Group Company
RM RM
Assets:
Property, plant and equipment 268,810,230 541,506
Intangible assets 3,250,017 -
Investment in subsidiaries - 45,597,320
Deferred tax assets 7,749,556 189,404
Inventories 90,691,302 -
Trade and other receivables 72,874,739 176,284,155
Prepaid operating expenses 2,952,117 28,713
Tax recoverable 2,507,395 139,802
Derivative nancial assets 13,427 -
Cash and bank balances 19,153,597 8,231,608
Assets of disposal group classied as held for sale 468,002,380 231,012,508
Liabilities:
Trade and other payables (44,950,185) (1,555,954)
Loans and borrowings (205,888,057) (106,870,289)
Liabilities directly associated with disposal group classied as held for sale (250,838,242) (108,426,243)
Net assets directly associated with disposal group classied as held for sale 217,164,138 122,586,265
Reserve:
Foreign currency translation reserves (11,858,548) -

contd
10. DISCONTINUED OPERATIONS AND DISPOSAL GROUP CLASSIFIED AS HELD FOR SALE contd
Statements of comprehensive income disclosures

The results of the Specied Business for the years ended 31 October are as follows:

Group
2012 2011
RM RM
Revenue 424,344,553 417,554,714
Cost of sales (355,821,462) (360,734,518)
Other income 3,805,514 5,236,215
Expenses (43,701,316) (47,286,658)
Prot from operations 28,627,289 14,769,753
Finance costs (8,497,365) (8,282,168)
Prot before tax from discontinued operations 20,129,924 6,487,585
Taxation 4,017,537 (905,733)
Prot from discontinued operations, net of tax 24,147,461 5,581,852

Company
2012 2011
RM RM
Revenue 6,480,000 9,320,000
Other income 4,952,824 4,030,691
Expenses (5,919,164) (6,932,454)
Prot from operations 5,513,660 6,418,237
Finance costs (5,177,790) (3,220,475)
Prot before tax from discontinued operations 335,870 3,197,762
Taxation 160,494 (768,563)
Prot from discontinued operations, net of tax 496,364 2,429,199
Statements of cash ows disclosures
The cash ows attributable to the Specied Business are as follows:

Group Company
2012 2011 2012 2011
RM RM RM RM
Operating 40,238,855 (35,067,737) (9,436,267) (76,975,229)
Investing (38,983,570) (44,042,738) 9,416,627 10,163,672
Financing 10,649,141 44,763,767 5,324,954 42,355,574
Net cash inows/(outows) 11,904,426 (34,346,708) 5,305,314 (24,455,983)

contd
11. EARNINGS PER SHARE
(a) Basic
Basic earnings per share amounts are calculated by dividing prot for the year, net of tax, attributable to
owners of the parent by the weighted average number of ordinary shares outstanding during the nancial
year.
The following tables reect the prot and share data used in the computation of basic earnings per share for
the years ended 31 October:

Group
2012 2011
RM RM
Prot net of tax attributable to owners of the parent 25,541,881 4,185,074
Less: Prot from discontinued operations, net of tax, attributable to owners
of the parent (24,193,170) (5,668,790)
Prot/(loss) net of tax from continuing operations attributable to owner of
the parent used in the computation of basic earnings per share 1,348,711 (1,483,716)
Number of
shares
Number of
shares
Weighted average number of ordinary shares for basic earnings per share
computation 152,785,770 152,785,770
(i) Continuing Operations
Basic earnings per share amounts are calculated by dividing prot for the year from continuing
operations, net of tax, attributable to owners of the parent by the weighted average number of ordinary
shares outstanding during the nancial year.
(ii) Discontinued Operations
The basic earnings per share from discontinued operations are calculated by dividing the prot from
discontinued operations, net of tax, attributable to owners of the parent by the weighted average
number of ordinary shares for basic earnings per share computation.
contd
12. PROPERTY, PLANT AND EQUIPMENT
Freehold
land
Long term
leasehold
land Buildings
Plant and
equipment
Other
assets*
Capital
work-in-
progress Total
RM RM RM RM RM RM RM
Group
Cost
At 1 November 2010 1,148,678 13,050,027 68,662,109 165,368,063 7,100,961 16,961,404 272,291,242
Additions - - 211,902 17,074,303 1,426,679 27,454,930 46,167,814
Reclassication - - - 12,452,810 (1,029,955) (11,422,855) -
Disposals - - (409,325) (267,826) (97,149) - (774,300)
Write off (2,255,930) (93,412) (297,111) - (2,646,453)
Exchange differences (5,957) - (170,804) (4,311,398) (4,810) - (4,492,969)
At 31 October 2011 1,142,721 13,050,027 66,037,952 190,222,540 7,098,615 32,993,479 310,545,334
At 1 November 2011 1,142,721 13,050,027 66,037,952 190,222,540 7,098,615 32,993,479 310,545,334
Additions 205,601 - 1,628,396 13,582,340 1,248,216 23,483,712 40,148,265
Acquisition of subsidiary - 3,496,760 16,381,827 18,571,548 229,460 - 38,679,595
Reclassication - - 10,984,408 27,331,348 776,887 (39,092,643) -
Disposals (493,616) - (164,283) - (155,199) - (813,098)
Write off - - - (120,982) (129,418) - (250,400)
Exchange differences (13,042) - (374,745) (1,647,050) (33,065) - (2,067,902)
Attributable to
discontinued operations (841,664) (13,050,027) (78,111,728)

(229,350,805)

(8,304,729) (17,384,548)

(347,043,501)
At 31 October 2012 - 3,496,760 16,381,827 18,588,939 730,767 - 39,198,293
contd
12. PROPERTY, PLANT AND EQUIPMENT contd
Freehold
land
Long term
leasehold
land Buildings
Plant and
equipment
Other
assets*
Capital
work-in-
progress Total
RM RM RM RM RM RM RM
Group
Accumulated
depreciation
At 1 November 2010 - 1,385,863 5,716,726 35,106,678 2,134,841 - 44,344,108
Depreciation charge for
the year (Note 6) - 248,185 1,469,358 14,137,476 895,279 - 16,750,298
Reclassication - - - 331,903 (331,903) - -
Disposals - - (32,746) (153,698) (97,147) - (283,591)
Write off - - (135,356) (77,159) (279,575) - (492,090)
Exchange differences - - (10,289) (93,404) (2,213) - (105,906)
At 31 October 2011 - 1,634,048 7,007,693 49,251,796 2,319,282 - 60,212,819
At 1 November 2011 - 1,634,048 7,007,693 49,251,796 2,319,282 - 60,212,819
Depreciation charge for
the year (Note 6) - 259,701 1,665,368 17,000,630 986,488 - 19,912,187
Acquisition of subsidiary - 145,292 1,201,337 2,278,948 51,346 - 3,676,923
Reclassication - - - (661,287) 661,287 - -
Disposals - - (18,072) - (153,440) - (171,512)
Write off - - - (115,390) (126,270) - (241,660)
Exchange differences - - (34,856) (907,084) (17,203) - (959,143)
Attributable to
discontinued operation - (1,880,036) (8,510,921) (64,353,872) (3,488,442) - (78,233,271)
At 31 October 2012 - 159,005 1,310,549 2,493,741 233,048 - 4,196,343
Net carrying amount
At 31 October 2011 1,142,721 11,415,979 59,030,259 140,970,744 4,779,333 32,993,479 250,332,515
At 31 October 2012 - 3,337,755 15,071,278 16,095,198 497,719 - 35,001,950
* Other assets comprise of motor vehicles, ofce equipment, furniture, ttings and renovation.
contd

Ofce
equipment,
furniture
and ttings
Motor
vehicles Total
RM RM RM
Company
Cost
At 1 November 2010 703,369 645,946 1,349,315
Additions 17,019 - 17,019
At 31 October 2011 720,388 645,946 1,366,334
Additions 4,190 - 4,190
Disposals (2,199) - (2,199)
Write off (31,646) - (31,646)
Attributable to discontinued operations (690,733) (645,946) (1,336,679)
At 31 October 2012 - - -
Accumulated depreciation
At 1 November 2010 286,693 227,053 513,746
Depreciation charge for the year (Note 6) 77,598 81,182 158,780
At 31 October 2011 364,291 308,235 672,526
Depreciation charge for the year (Note 6) 73,262 81,182 154,444
Disposals (440) - (440)
Write off (31,357) - (31,357)
Attributable to discontinued operations (405,756) (389,417) (795,173)
At 31 October 2012 - - -
Net carrying amount
At 31 October 2011 356,097 337,711 693,808
At 31 October 2012 - - -
(a) During the nancial year, the Group and the Company acquired property, plant and equipment at aggregate
costs of RM40,148,265 (2011: RM46,167,814) and RM4,190 (2011: RM17,019) respectively of which RM
Nil (2011: RM60,000) and RM Nil (2011: RM Nil) respectively were acquired by means of hire purchase
arrangements. The carrying amounts of property, plant and equipment held under hire purchase arrangements
are as follows:
Group
2012 2011
RM RM
Motor vehicles - 1,386,899
Details of the terms and conditions of the hire purchase arrangements are disclosed in Note 22.
contd
(b) The net carrying amounts of property, plant and equipment pledged as securities for borrowings (Note 21)
are as follows:
Group
2012 2011
RM RM
Long term leasehold land 3,337,755 8,062,631
Buildings 15,071,278 31,006,587
Plant and equipment 15,884,628 31,111,664
Capital work-in-progress - 9,119,141
34,293,661 79,300,023

13. INTANGIBLE ASSETS

Group
Goodwill
Deferred
development
costs Total
RM RM RM
Cost/Net carrying amount
At 1 November 2010 3,244,160 - 3,244,160
Additional investment in existing subsidiary 60,727 - 60,727
At 31 October 2011 3,304,887 - 3,304,887
At 1 November 2011 3,304,887 - 3,304,887
Acquisition of a subsidiary 4,962,323 1,227,374 6,189,697
Additional in internal development - 783,386 783,386
Attributable to discontinued operations (3,250,017) - (3,250,017)
At 31 October 2012 5,017,193 2,010,760 7,027,953

Deferred development costs
Deferred development costs relate to development of dialysis machines. The amortisation will begin when
commercial production begins.
Impairment testing of goodwill
Goodwill arising from business combinations has been allocated to three individual cash-generating units (CGU)
for impairment testing as follows:
- Healthcare products
- Energy provider
- Sterilisation provider
contd
13. INTANGIBLE ASSETS contd
Impairment testing of goodwill contd
The carrying amounts of goodwill allocated to each cash-generating unit (CGU) are as follows:

2012 2011
RM RM
Healthcare products 54,870 2,572,083
Energy provider - 732,804
Sterilisation provider 4,962,323 -
5,017,193 3,304,887
The recoverable amounts of the CGUs have been determined based on value in use calculations using cash ow
projections from nancial budgets approved by management covering a ve-year period. The pre-tax discount
rates (per annum) applied to the cash ow projections:

Pre-tax discount rates
2012 2011
Healthcare products 7.70% 3.00%
Energy provider *N/A 3.00%
Sterilisation provider 7.70% *N/A

* Not applicable

The calculations of value in use for the CGUs are most sensitive to the following assumptions.
Pre-tax discount rates - Pre-tax discount rates Discount rates reect the current market assessment of the risks
specic to each CGU. This is the benchmark used by management to assess operating performance and to evaluate
future investment proposals. In determining appropriate discount rates for each CGU, regard has been given to the
yield on a government bond.
14. INVESTMENT IN SUBSIDIARIES

Company
2012 2011
RM RM
Unquoted shares, at cost 10,000,000 46,597,320

contd
14. INVESTMENT IN SUBSIDIARIES contd

Details of subsidiaries

Names of subsidiaries
Country of
incorporation Principal activities
Proportion
of ownership
interest
2012 2011
Terang Nusa Sdn. Bhd.
(iv)
Malaysia Manufacturing of medical
examination and sterile surgical
gloves
100% 100%
Terang Nusa (Malaysia) Sdn. Bhd.
(iv)
Malaysia Manufacturing and distribution
of medical examination and
sterile surgical gloves
100% 100%
Nusaco Sdn. Bhd.
(iv)
Malaysia Dormant 100% 100%
Prot Point Manufacturing Sdn. Bhd.
(i) (iv)
of medical examination gloves
100% 100%
Ulma International GmbH
(i) (iv)
Germany Distribution of medical gloves
and other hospital related
products
100% 100%
Purnabina Sdn. Bhd.
(i) (iv)
of medical gloves
97.2% 97.2%
Adventa Health Sdn. Bhd.
(iv)
Malaysia Distribution of medical gloves
products
100% 100%
Cozena Limited
(i) (iv)
Hong Kong Investment holding 100% 100%
Kevenoll S.A.
(i) (ii) (iv)
Uruguay Manufacturing and distribution
of medical gloves
100% 100%
Utama Associates Sdn. Bhd.
(iv)
Malaysia Trading in medical and
healthcare equipment and
appliances
100% 100%
Sun Healthcare (M) Sdn. Bhd. Malaysia Trading in medical and
healthcare equipment and
appliances
100% 100%
Cytotec (M) Sdn. Bhd.
(iv)
Malaysia Generation and supply of
energy and electricity using
biomass technology
100% 100%
Adventa Health Marketing Sdn. Bhd.
(iv)
Malaysia Distribution of medical gloves
products
100% 100%
Beijing Adventa Health Supplies Co. Ltd.
(i) (iii) (iv)
China Distribution of medical
products and medical devices
(Dormant)
100% 100%
Electron Beam Sdn. Bhd. Malaysia Providing industrial and
commercial sterilisation services
100% 0%
Luxencia Sdn. Bhd. Malaysia Provision of home dialysis
treatment (Dormant)
100% 0%
(i)
Audited by rms other than Ernst & Young
(ii)
Subsidiary of Cozena Limited
(iii)
Subsidiary of Adventa Health Sdn. Bhd.
(iv)
Classied as discontinued operations during the current nancial year (Note 10)

contd
14. INVESTMENT IN SUBSIDIARIES contd

Acquisition of subsidiary
On 23 July 2012, the Company entered into an agreement with Genson Technology Inc., a company incorporated
in Hong Kong, to acquire 2,500,000 ordinary shares of RM1.00 each in Electron Beam Sdn. Bhd. (EBSB),
representing 100% of the equity interest in EBSB at a total purchase consideration of RM9,000,000, including
its 100%-owned subsidiary, Lucenxia (M) Sdn. Bhd. (EBSB Group). Upon the acquisition, Electron Beam Sdn.
Bhd. became a subsidiary of the Group. EBSB, a company incorporated in Malaysia, is involved in the provision of
sterilisation services.
The fair values of the identiable assets and liabilities of EBSB Group as at the date of acquisition were:

RM
Acquisition effect on the Groups nancial results
Revenue 2,913,502
Prot from operations 2,252,293
Net prot for the year 1,282,761
Acquisition effect on the nancial position of the Group at year end
Property, plant and equipment 35,002,672
Development expenditure 1,758,521
Deferred tax assets 6,452,394
Inventories 40,248
Trade and other receivables 471,276
Prepaid operating expenses 438,013
Cash and bank balances 551,008
Trade and other payables (27,543,122)
Term loan (13,133,333)
Net assets acquistion 4,037,677
Total acquisiton proceeds (9,000,000)
Goodwill to the Group 4,962,323
The cash outow on acquisition is as follows:
Total sale consideration satised by cash (9,000,000)
Cash and cash equivalents of subsidiary acquired 551,008
Net cash outow of the Group (8,448,992)
Provisional accounting of acquisition
The fair values of the identiable assets and liabilities were determined on a provisional basis.

contd
15. TRADE AND OTHER RECEIVABLES

Group Company
2012 2011 2012 2011
RM RM RM RM
Current
Trade receivables
Third parties 2,903,395 83,441,170 - -
Allowance for impairment - (122,850) - -
Trade receivables, net 2,903,395 83,318,320 - -
Other receivables
Subsidiaries - - - 166,138,769
Related parties - 151,868 - 104,875
Other receivables 390,865 1,461,745 - 557,786
Deposits 272,712 877,818 - 16,188
663,577 2,491,431 - 166,817,618
Total trade and other receivables 3,566,972 85,809,751 - 166,817,618
Add: Long term bank deposits - 2,400,000 - 2,400,000
Add: Cash and bank balances 1,580,952 13,386,109 - 2,926,294
Total loans and receivables
5,147,924 101,595,860 - 172,143,912

(a) Trade Receivables
The Groups primary exposure to credit risk arises through its trade receivables. The Groups trading terms
with its customers are mainly on credit. The credit period is generally for a period of one month, extending
up to three months for major customers. Each customer has a maximum credit limit. The Group seeks to
maintain strict control over its outstanding receivables and has a credit control department to minimise credit
risk. Overdue balances are reviewed regularly by senior management. In view of the aforementioned and the
fact that the Groups trade receivables relate to a large number of diversied customers, there is no signicant
concentration of credit risk. Trade receivables are non-interest bearing.
Ageing analysis of trade receivables

Group
2012 2011
RM RM
Neither past due nor impaired 2,110,965 63,681,187
1 to 30 days past due not impaired 88,856 7,765,215
More than 91 days past due not impaired 74,999 2,430,217
792,430 19,637,133
Impaired - 122,850
2,903,395 83,441,170

contd
15. TRADE AND OTHER RECEIVABLES contd

(a) Trade Receivables contd
Receivables that are neither past due nor impaired
Trade receivables that are neither past due nor impaired are creditworthy debtors with good payment records
with the Group.
None of the Groups trade receivables that are neither past due nor impaired have been renegotiated during
the nancial year.
Receivables that are past due but not impaired
The Group has trade receivables amounting to RM792,430 (2011: RM19,637,133) that are past due at the
reporting date but not impaired.
Based on past experience and no adverse information to date, the directors of the Company are of the
opinion that no provision for impairment is necessary in respect of these balances as there has not been a
signicant change in the credit quality and the balances are still considered fully recoverable.
Receivables that are impaired
The Groups trade receivables that are impaired at the reporting date and the movement of the allowance
accounts used to record the impairment are as follows:
Group
Individually impaired
2012 2011
RM RM
Trade receivables - norminal amounts - 122,850
Allowance for impairment - (122,850)
- -
Movement in allowance accounts:

Group
2012 2011
RM RM
At 1 November 122,850 122,736
Charge for the year 33,044 -
Exchange differences (27,840) 114
Attributable to discontinued operations (128,054) -
At 31 October - 122,850
Trade receivables that are individually determined to be impaired at the reporting date relate to debtors that
are in signicant nancial difculties and have defaulted on payments. These receivables are not secured by
any collateral or credit enhancement.

contd
15. TRADE AND OTHER RECEIVABLES contd
(b) Other Receivables
Advances to subsidiaries bear interest Nil (2011: 4.30% to 6.08%) per annum. All subsidiaries receivables are
unsecured and are to be settled in cash.
Amount due from related parties relates to companies in which directors of Company have interest are
unsecured, non-interest bearing and no repayment term.
The Group has no signicant concentration of credit risk that may arise from exposures to a single debtor or
to groups of debtors.
16. DEFERRED TAXATION

Group Company
2012 2011 2012 2011
RM RM RM RM
At beginning of year (6,689,676) (4,079,479) (122,176) 12,724
Recognised in income statement (837,274) (2,696,963) (67,228) (134,900)
Acquisition of subsidiary (6,452,394) - - -
Exchange differences 118,942 86,766 - -
Attributable to discontinued operations 7,749,556 - 189,404 -
At end of year (6,110,846) (6,689,676) - (122,176)
Presented after appropriate offsetting as follows:
Deferred tax assets (6,110,846) (9,223,323) - (221,259)
Deferred tax liabilities - 2,533,647 - 99,083
(6,110,846) (6,689,676) - (122,176)

The components and movements of deferred tax liabilities and assets during the nancial year prior to offsetting
are as follows:
Deferred tax liabilities of the Group:

Property,
plant and
equipment Others Total
RM RM RM
At 1 November 2010 19,031,070 75,439 19,106,509
Recognised in income statement 3,801,458 (75,439) 3,726,019
Exchange differences (18,809) - (18,809)
At 31 October 2011 22,813,719 - 22,813,719
Recognised in income statement 4,335,703 - 4,335,703
Acquisition of subsidiary 2,891,220 - 2,891,220
Exchange differences 5,727 - 5,727
Attributable to discontinued operations (26,491,264) - (26,491,264)
At 31 October 2012 3,555,105 - 3,555,105

contd
16. DEFERRED TAXATION contd
Deferred tax assets of the Group:

Unutilised
reinvestment
allowances
Unutilised
tax losses
and
unabsorbed
capital
allowances Others Total
RM RM RM RM
At 1 November 2010 (13,203,267) (9,982,721) - (23,185,988)
Recognised in income statement (2,081,725) (4,131,756) (209,501) (6,422,982)
Exchange differences - 105,575 - 105,575
At 31 October 2011 (15,284,992) (14,008,902) (209,501) (29,503,395)
Recognised in income statement (4,750,638) (636,562) 159,270 (5,227,930)
Acquisition of subsidiary (5,211,728) (4,131,886) - (9,343,614)
Exchange differences - 168,166 - 168,166
Attributable to discontinued operations 20,035,630 14,162,193 42,999 34,240,822
At 31 October 2012 (5,211,728) (4,446,991) (7,232) (9,665,951)

Deferred tax liabilities of the Company:

Property,
plant and
equipment
RM
At 1 November 2010 87,463
Recognised in income statement 11,620
At 31 October 2011 99,083
Recognised in income statement (9,155)
Attributable to discontinued operations (89,928)
At 31 October 2012 -
contd
16. DEFERRED TAXATION contd
Deferred tax assets of the Company:

Unutilised
tax losses
and
unabsorbed
capital
allowances Others Total
RM RM RM
At 1 November 2010 (67,575) (7,164) (74,739)
Recognised in income statement (142,795) (3,725) (146,520)
At 31 October 2011 (210,370) (10,889) (221,259)
Recognised in income statement (62,508) 4,435 (58,073)
Attributable to discontinued operations 272,878 6,454 279,332
At 31 October 2012 - - -

Unrecognised tax losses
At the reporting date, the Group has tax losses of approximately RM298,000 (2011: RM542,000) that are available
for offset against future taxable prots of the companies in which the losses arose, for which no deferred tax asset is
recognised due to uncertainty of its recoverability. The availability of unused tax losses for offsetting against future
taxable prots of the respective subsidiaries in Malaysia are subject to no substantial changes in shareholdings of
those subsidiaries under the Income Tax Act 1967 and guidelines issued by the tax authority.
17. INVENTORIES

Group
2012 2011
RM RM
Cost
Raw materials - 22,614,182
Packaging materials - 5,475,420
Work-in-progress - 32,420,108
Finished goods 6,641,531 27,270,970
Maintenance 999,153 -
7,640,684 87,780,680
contd
18. CASH AND CASH EQUIVALENTS

Group Company
2012 2011 2012 2011
RM RM RM RM
Cash in hand and at banks 830,952 9,588,788 - 1,667,201
Deposits with licensed banks 750,000 3,797,321 - 1,259,093
Cash and bank balances 1,580,952 13,386,109 - 2,926,294
Non current deposit
Deposits with licensed banks - 2,400,000 - 2,400,000
Deposits with licensed banks of the Group and of the Company amounting to RM750,000 (2011: RM3,759,093) and
RM Nil (2011: RM1,259,093) are pledged as securities for borrowings (Note 21).
The weighted average effective interest rates of deposits at reporting date is 2.55% (2011: 3.00% to 3.25%) per
annum.
Included in cash and bank balances amounting to Nil (2011: RM2,400,000) which is not available for general use by
the Group and the Company due to such deposits held by a nancial institution form part of the securities for the
term loan under the cash collateral agreement.
For the purpose of the consolidated statement of cash ow, cash and cash equivalents comprise the following at
the reporting date:

Group Company
2012 2011 2012 2011
RM RM RM RM
Cash and short term deposits
- Continuing operations 1,580,952 13,386,109 - 2,926,294
- Discontinued operations 19,153,597 - 8,231,608 -
Cash and cash equivalents 20,734,549 13,386,109 8,231,608 2,926,294

contd
19. TRADE AND OTHER PAYABLES

Group Company
2012 2011 2012 2011
RM RM RM RM
Trade payables 11,260,001 33,143,361 - -
Other payables
Other payables 12,229,877 3,457,356 9,000,000 67,577
Accrued operating expenses 537,215 8,258,213 - 352,166
12,767,092 11,715,569 9,000,000 419,743
Total trade and other payables 24,027,093 44,858,930 9,000,000 419,743
Add: Loans and borrowings (Note 21) 16,186,754 190,018,018 - 96,367,544
Total nancial liabilities carried at amortised cost 40,213,847 234,876,948 9,000,000 96,787,287
(a) Trade Payables
Trade payables are non-interest bearing and the normal trade credit terms granted to the Group range from
30 to 90 days.
(b) Other Payables
Advances from subsidiaries are non-interest bearing and are repayable on demand. The amounts are
unsecured and to be settled in cash.

20. DERIVATIVES

Group
2012 2011
Contract/
Notional
amount Liabilites
Contract/
Notional
amount Liabilities
RM RM RM RM
Non-hedging derivatives:
Current
Forward currency contracts 515,795 16,876 94,557,808 1,118,944
The Group uses forward currency contracts to manage sales and purchases transactions exposure. These contracts
are not designated as cash ow or value hedges and are entered into for periods consistent with currency transaction
exposure and fair value changes exposure. Such derivatives do not qualify for hedge accounting.
Forward currency contracts are used to hedge the Groups sales and purchases denominated in Euro (EUR),
Japanese Yen (JPY) and United States Dollars (USD), extending to October 2013 (2011: September 2012).
During the nancial year, the Group recognised a loss RM16,876 from continuing operations and a gain of
RM1,132,371 from discontinuing operations (2011: a loss of RM465,926) arising from fair value changes of derivative
liabilities. The fair value changes are attributable to changes in foreign exchange spot and forward rates. The
method and assumptions applied in determining the fair values of derivatives are disclosed in Note 30.

contd
21. LOANS AND BORROWINGS

Group Company
2012 2011 2012 2011
Maturity RM RM RM RM
Short term borrowings
Secured:
Bankers acceptances - 11,298,000 - -
Export credit renancing - 18,043,821 - -
Hire purchase liabilities (Note 22) - 357,326 - 298,050
Revolving credit 2013 2,700,000 - - -
Term loan BLR -1.5% per annum - 1,861,805 - 1,861,805
Term loan COF +1.5% per annum - 4,580,000 - 4,580,000
Term loans (xed rate) 2013 5,000,000 8,362,636 - 1,324,987
Trade loan nancing 2013 2,020,087 48,897,758 - 9,166,959
9,720,087 93,401,346 - 17,231,801
Long term borrowings
Secured:
Medium term notes - 69,362,818 - 69,362,818
Term loans (xed rate) 2014 - 2015 6,466,667 17,454,562 - -
6,466,667 96,616,672 - 79,135,743
Total borrowings
Bankers acceptances - 11,298,000 - -
Export credit renancing - 18,043,821 - -
Medium term notes - 69,362,818 - 69,362,818
Revolving credit 2,700,000 - - -
Term loans (xed rate) 11,466,667 25,817,198 - 1,324,987
Trade loan nancing 2,020,087 48,897,758 - 9,166,959
16,186,754 190,018,018 - 96,367,544

contd
21. LOANS AND BORROWINGS contd
The remaining maturities of the loans and borrowings are as follows:

Group Company
2012 2011 2012 2011
RM RM RM RM
On demand or not later than 1 year 9,720,087 93,401,346 - 17,231,801
Later than 1 year and not later than 2 years 5,000,000 17,595,150 - 6,516,781
Later than 2 years and not later than 5 years 1,466,667 28,589,865 - 23,067,762
Later than 5 years - 50,431,657 - 49,551,200
16,186,754 190,018,018 - 96,367,544

The interest rates (per annum) at the reporting date for borrowings, excluding hire purchase payables, were as
follows:

Group Company
2012 2011 2012 2011
% % % %
Overdrafts - 6.75 - -
Medium term notes - 4.30 - 4.55 - 4.30 - 4.55
Term loans (xed rate) 4.17 - 4.62 3.00 - 6.95 - 4.78 - 6.08
Other trade facilities 3.84 - 4.78 2.75 - 4.20 - 2.75 - 3.00
The banking facilities and term loans are secured by the following:
(i) legal charge over certain assets of the Group as disclosed in Note 12(b); and
(ii) corporate guarantees by the Company.

contd
22. HIRE PURCHASE LIABILITIES

Group Company
2012 2011 2012 2011
RM RM RM RM
Future minimum payments:
Not later than 1 year - 381,620 - 315,565
Later than 1 year and not later than 2 years - 258,633 - 236,673
Later than 2 years and not later than 5 years - 5,461 - -
Total minimum future payments - 645,714 - 552,238
Future nance charges - (30,124) (22,291)
Present value of hire purchase liabilities (Note 21) - 615,590 - 529,947
Analysis of present value of hire purchase
payables:
Not later than 1 year - 357,326 - 298,050
Later than 1 year and not later than 2 years - 252,856 - 231,897
Later than 2 years and not later than 5 years - 5,408 - -
- 615,590 - 529,947
Amount due within 12 months (Note 21) - (357,326) - (298,050)
Amount due after 12 months (Note 21) - 258,264 - 231,897

The Group has hire purchase and nance lease contracts for certain items of property, plant and equipment
(see Note 12(a)). There are no restrictions placed upon the Group by entering into these hire purchase and no
arrangements have been entered into for contingent rental payments.
The hire purchase and nance lease liabilities bore interest at the reporting date at rates of Nil (2011: 2.69% to
3.80%) per annum.
contd
23. SHARE CAPITAL AND SHARE PREMIUM

Group and Company
Number of
ordinary
shares of
RM0.50 each Amount
Share
capital
(issued and
fully paid)
Share
capital
(issued and
fully paid)
Share
premium Total
RM RM RM
Number of ordinary shares of RM0.50 each
At 1 November 2010, 31 October 2011 and
31 October 2012 152,785,770 76,392,885 43,026,232 119,419,117

Number of ordinary
shares of RM0.50 each Amount
2012 2011 2012 2011
RM RM
Authorised share capital
At 1 November 2010, 31 October 2011 and
31 October 2012 200,000,000 200,000,000 100,000,000 100,000,000

The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled
to one vote per share at general meetings of the Company. All ordinary shares rank equally with regard to the
Companys residual assets.
24. FOREIGN CURRENCY TRANSLATION RESERVE

Group
RM
At 1 November 2010 (10,756,955)
Foreign currency translation 1,586,154
At 31 October 2011 (9,170,801)
Foreign currency translation (2,687,747)
Attributable to discontinued operations 11,858,548
At 31 October 2012 -

The foreign currency translation reserve is used to record exchange differences arising from the translation of
the nancial statements of foreign operations whose functional currencies are different from that of the Groups
presentation currency. It is also used to record the exchange differences arising from monetary items which form
part of the Groups net investment in foreign operations, where the monetary item is denominated in either the
functional currency of the reporting entity or the foreign operation.
contd
25. RETAINED PROFITS
Prior to the year assessment 2008, Malaysian companies adopted the full imputation system. In accordance with
the Finance Act 2007 which was gazetted on 28 December 2007, companies shall not be entitled to deduct tax
on dividend paid, credited or distributed to its shareholders, and such dividends will be exempted from tax in the
hands of the shareholders (single tier system). However, there is a transitional period of six years, expiring on 31
December 2013, to allow companies to pay franked dividends to their shareholders under limited circumstances.
Companies also have an irrevocable option to disregard the 108 balance and opt to pay dividends under the single
tier system. The change in the tax legislation also provides for the 108 balance to be locked-in as at 31 December
2007 in accordance with Section 39 of the Finance Act 2007.
As at 31 October 2012, the Company has tax exempt prots available for distribution of approximately RM16,250,000
(2011: RM11,750,000), subject to the agreement of the Inland Revenue Board.
26. DIVIDENDS

Dividends in
respect of year
Dividends
recognised in year
2012 2011 2012 2011
RM RM RM RM
Group and Company
Recognised during the year ended:
Final dividend for 31 October 2010:
14% tax exempt on 152,785,770 ordinary shares
of RM0.50 each (7 sen per ordinary share) - - - 10,695,004
- - - 10,695,004

27. CAPITAL COMMITMENTS

Group
2012 2011
RM RM
Capital expenditure
Approved and contracted for:
Property, plant and equipment 6,414,910 4,163,342

contd
28. CONTINGENT LIABILITIES
Company
Guarantees
The Company has provided the following guarantees at the reporting date:
Unsecured: 2012 2011
RM RM
Corporate guarantees to the loan and borrowings of certain subsidiaries 115,178,155 93,564,831

29. RELATED PARTY DISCLOSURES
(a) In addition to the transactions detailed elsewhere in the nancial statements, the Group and the Company
had the following transactions with related parties during the nancial year:
2012 2011
RM RM
Group
Related parties:*
Disposal of a subsidiary to directors - 111,128
Rental - 20,000
Company
Gross dividends from subsidiaries 4,500,000 7,100,000
Interest charges to subsidiaries 4,192,356 3,336,636
Management fees from subsidiaries 1,980,000 2,220,000
Disposal of a subsidiary to directors - 111,128
* Related parties are companies in which a director has interests.
The directors are of the opinion that all the transactions above have been entered into in the normal course
of business and have been established on terms and conditions that are not materially different from those
obtainable in transactions with unrelated parties.
The interest income arose from the amounts due from subsidiaries.
Information regarding outstanding balances arising from related party transactions as at 31 October 2012 are
disclosed in Note 15.
contd
29. RELATED PARTY DISCLOSURES contd
(b) Compensation of key management personnel
The remuneration of directors and other members of key management during the year was as follow:
Group Company
2012 2011 2012 2011
RM RM RM RM
Short-term employee benets 2,447,455 2,409,208 1,611,585 1,590,608
Dened contribution plan 340,148 318,693 246,648 233,573
2,787,603 2,727,901 1,858,233 1,824,181
Included in the total remuneration of key management personnel are:
Group Company
2012 2011 2012 2011
RM RM RM RM
Directors remuneration (Note 8) 2,169,120 1,948,789 1,600,928 1,418,121

30. FAIR VALUE OF FINANCIAL INSTRUMENTS
A. Fair value of nancial instruments by classes that are not carried at fair value and whose carrying amounts are
not reasonable approximation of fair value
Group Company
Note
Carrying
amount
Fair
value
Carrying
amount
Fair
value
RM RM RM RM
At 31 October 2012
Financial liabilities
Term loans (xed rate) 21 11,466,667 11,178,344 - -
At 31 October 2011
Financial assets
Long term bank deposits 2,400,000 2,020,032 2,400,000 2,020,032
Financial liabilities
Medium term notes 69,362,818 70,131,019 69,362,818 70,131,019
Term loans (xed rate) 21 25,817,198 25,489,428 1,324,987 1,297,805
Hire purchase liabilities 22 615,590 616,539 529,947 527,020

contd
30. FAIR VALUE OF FINANCIAL INSTRUMENTS contd
B. Determination of fair value
Financial instruments that are not carried at fair value and whose carrying amounts are reasonable approximation
of fair value
The following are classes of nancial instruments that are not carried at fair value and whose carrying amounts
are reasonable approximation of fair value:
Note
Trade and other receivables 15
Trade and other payables 19
Term loan BLR - 1.5% per annum 21
Term loan COF + 1.5% per annum 21
Bankers acceptances 21
Export credit renancing 21
Revolving credit 21
Trade loan nancing 21
The carrying amounts of theses nancial assets and liabilities are reasonable approximation of fair values,
either due to their short-term nature or that they are oating rate instruments that are re-priced to market
interest rates on or near the reporting date.
The carrying amounts of the current portion of loans and borrowings are reasonable approximations of fair
values due to the insignicant impact of discounting.
The fair values of current loans and borrowings are estimated by discounting expected future cash ows
at market incremental lending rate for similar types of lending, borrowing or leasing arrangements at the
reporting date.
Finance lease obligations, xed rate bank loans and medium term notes
The fair values of these nancial instruments are estimated by discounting expected future cash ows at
market incremental lending rate for similar types of lending, borrowing or leasing arrangements at the
reporting date.
Derivatives
Forward currency contracts are valued using a valuation technique with market observable inputs. The most
frequently applied valuation techniques include forward pricing, using present value calculations. The models
incorporate various inputs including foreign exchange spot and forward rates.
31. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES
The Groups nancial risk management policy seeks to ensure that adequate nancial resources are available for the
development of the Groups businesses whilst managing its interest rate risks (both fair value and cash ow), foreign
currency risk, liquidity risk and credit risk. The Board of Directors reviews and agrees policies for managing each of
these risks and they are summarised below. It is, and has been throughout the year under review, the Groups policy
that no trading in derivative nancial instruments shall be undertaken.
(a) Interest Rate Risk
Cash ow interest rate risk is the risk that the future cash ows of a nancial instrument will uctuate because
of changes in market interest rates. Fair value interest rate risk is the risk that the value of a nancial instrument
will uctuate due to changes in market interest rates. As the Group has no signicant interest-bearing nancial
assets, the Groups income and operating cash ows are substantially independent of changes in market
interest rates. The Groups interest-bearing nancial assets are mainly short term in nature and have been
mostly placed in xed deposits.
contd
31. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES contd
(a) Interest Rate Risk contd
Sensitivity analysis for interest rate risk
At the reporting date, if interest rates had been 30 basis points lower/higher, with all other variables held
constant, the Groups prot net of tax would have been Nil (2011: RM37,000 higher/lower), arising mainly as
a result of lower/higher interest expense on oating rate loans and borrowings. The assumed movement in
basis points for interest rate sensitivity analysis is based on the currently observable market environment.
(b) Foreign Currency Risk
The Group is exposed to transactional currency risk primarily through sales and purchases that are denominated
in a currency other than the functional currency of the operations to which they relate. The currencies giving
rise to this risk are primarily Euro (EUR), Japanese Yen (JPY) and United States Dollars (USD). Foreign exchange
exposures in transactional currencies other than functional currencies of the operating entities are kept to an
acceptable level. Material foreign currency transaction exposures are hedged, mainly with derivative nancial
instruments such as forward foreign exchange contracts.
The Group maintains a natural hedge, whenever possible, by borrowing in the currency of the country in
which the investments are located or by borrowing in currencies that match the future revenue stream to be
generated from its investments.
The net unhedged nancial assets and nancial liabilities of the Group companies that are not denominated
in their functional currencies are as follows:
Net nancial assets/(liabilities) held in
non-functional currencies
Functional currency of Group companies Euro
Japanese
Yen
United
States
Dollars Total
RM RM RM RM
At 31 October 2012
Ringgit Malaysia 2,795,443 20,773 48,339,883 51,156,099
Euro - - 299,977 299,977
Uruguayan Peso - - (1,430,712) (1,430,712)
2,795,443 20,773 47,209,148 50,025,364
At 31 October 2011
Ringgit Malaysia 21,061,832 (2,462,842) (97,720,542) (79,121,552)
Euro - - 448,039 448,039
Uruguayan Peso - - 1,843,268 1,843,268
21,061,832 (2,462,842) (95,429,235) (76,830,245)
contd
(b) Foreign Currency Risk contd
As at reporting date, the Group had entered into forward foreign exchange contracts with maturity within one
year at the following notional amounts:

Currency
Total
notional
amount
RM
At 31 October 2012
Forwards used to hedge trade receivables USD 26,016,308
Forwards used to hedge trade receivables EUR 13,782,698
Forwards used to hedge trade payables USD (37,334,521)
Forwards used to hedge trade payables YEN (532,671)
1,931,814
At 31 October 2011
Forwards used to hedge trade receivables USD 92,139,524
Forwards used to hedge trade receivables EUR 2,835,840
Forwards used to hedge trade payables USD (1,536,500)
93,438,864
contd
(b) Foreign Currency Risk contd
Sensitivity analysis for foreign currency risk
The following table demonstrates the sensitivity of the Groups prot net of tax to a reasonably possible
change in the Euro, Yen and USD exchange rates against the respective functional currencies of the Group
entities, with all other variables held constant.
Group Company
2012 2012
RM RM
Prot net of tax
EURO/RM - strengthened 5% 828,907 -
- weakened 5% (828,907) -
YEN/RM - strengthened 5% (25,595) -
- weakened 5% 25,595 -
USD/RM - strengthened 5% 1,851,084 -
- weakened 5% (1,851,084) -

Group Company
2011 2011
RM RM
Prot net of tax
EURO/RM - strengthened 5% 1,194,884 -
- weakened 5% (1,194,884) -
YEN/RM - strengthened 5% (123,142) (38,198)
- weakened 5% 123,142 38,198
USD/RM - strengthened 5% (355,876) (420,150)
- weakened 5% 355,876 420,150
(c) Liquidity Risk
The Group manages its debt maturity prole, operating cash ows and the availability of funding so as to
ensure that renancing, repayment and funding needs are met. As part of its overall liquidity management,
the Group maintains sufcient levels of cash to meet its working capital requirements. In addition, the Group
strives to maintain available banking facilities at a reasonable level to its overall debt position. As far as
possible, the Group raises committed funding from both capital markets and nancial institutions and balances
its portfolio with some short term funding so as to achieve overall cost effectiveness.
contd
(c) Liquidity Risk contd
Analysis of nancial instruments by remaining contractual maturities
The table below summarises the maturity prole of the Groups and the Companys liabilities at the reporting
date based on contractual undiscounted repayment obligations.

2012
On demand
or within
one year
One to
ve years
Over ve
years Total
RM RM RM RM
Group
Financial liabilities:
Loans and borrowings, representing total
undiscounted nancial liabilities 10,124,000 6,678,389 - 16,802,389
2011
On demand
or within
one year
One to
ve years
Over ve
years Total
RM RM RM RM
Group
Loans and borrowings 97,252,073 51,743,653 40,433,258 189,428,984
Hire purchase liabilities 371,560 258,060 - 629,620
Total undiscounted nancial liabilities 97,623,633 52,001,713 40,433,258 190,058,604
Company
Loans and borrowings 20,364,786 36,275,325 39,524,631 96,164,742
Hire purchase liabilities 307,004 231,714 - 538,718
Total undiscounted nancial liabilities 20,671,790 36,507,039 39,524,631 96,703,460
(d) Credit Risk
The Groups credit risk is primarily attributable to trade receivables. The Group trades only with recognised
and creditworthy third parties. It is the Groups policy that all customers who wish to trade on credit terms are
subject to credit verication procedures. In addition, receivable balances are monitored on an ongoing basis
and the Groups exposure to bad debts is not signicant. For transactions that are not denominated in the
functional currency of the relevant operating unit, the Group does not offer credit terms without the specic
approval of the head of credit control. Since the Group trades only with recognised and creditworthy third
parties, there is no requirement for collateral.
The credit risk of the Groups other nancial assets, which comprise cash and cash equivalents, marketable
securities and non-current investments, arises from default of the counterparty, with a maximum exposure
equal to the carrying amount of these nancial assets.


(d) Credit Risk contd
The Group does not have any signicant exposure to any individual customer or counterparty nor does it have
any major concentration of credit risk related to any nancial assets.
Credit risk concentration prole
Group
2012 2011
RM % RM %
By country:
Malaysia 2,631,170 91% 80,151,754 96%
Singapore 272,225 9% - 0%
Germany - 0% 2,112,770 3%
Uruguay - 0% 1,053,796 1%
2,903,395 100% 83,318,320 100%
By industry sector:
Sterilisation provider 278,889 10% - 0%
Hospital products 2,624,506 90% 83,318,320 100%
2,903,395 100% 83,318,320 100%
Financial assets that are neither past due nor impaired
Information regarding trade and other receivables that are neither past due nor impaired is disclosed in
Note 15. Deposits with banks and other nancial institutions that are neither past due nor impaired are placed
with or entered into with reputable nancial institutions with high credit ratings and no history of default.
Financial assets that are either past due or impaired
Information regarding nancial assets that are either past due or impaired is disclosed in Note 15.
32. CAPITAL MANAGEMENT
The primary objective of the Groups capital management is to ensure that it maintains a strong credit rating and
healthy capital ratios in order to support its business and maximise shareholder value.
The Group manages its capital structure and makes adjustments to it, in light of changes in economic conditions.
To maintain or adjust the capital structure, the Group may adjust the dividend payment to shareholders, return
capital to shareholders or issue new shares. No changes were made in the objectives, policies or processes during
the years ended 31 October 2012 and 31 October 2011.
The Group monitors capital using a gearing ratio, which is net debt divided by total capital plus net debt. The
Group includes within net debt, loans and borrowings and trade and other payables, less cash and bank balances.
Capital represents equity attributable to the owners of the parent.
contd
32. CAPITAL MANAGEMENT contd
The Group is required by the Bursa Malaysia to maintain a consolidated shareholders equity equal to or not less
than 25% of the issued and paid-up share capital and such shareholders equity is not less than RM40 million.

Group Company
Note 2012 2011 2012 2011
RM RM RM RM
Trade and other payables 19 24,027,093 44,858,930 9,000,000 419,743
Less: Cash and bank balances 18 (1,580,952) (13,386,109) - (2,926,294)
Net debt 38,632,895 221,490,839 9,000,000 93,860,993
Equity attributable to the owners of the
parent, representing total capital 238,362,076 215,507,942 123,586,265 123,089,901
Capital and net debt 276,994,971 436,998,781 132,586,265 216,950,894
Gearing ratio 14% 51% 7% 43%

33. SEGMENT INFORMATION
For management purposes, the Group is organised into business units based on their products and services, and
has four reportable operating segments as follows:
I. The healthcare products segment is a manufacturer, distributor and trader of healthcare products. Certain
products within this segment has been classied as a discontinued operations during the nancial year
(Note 10).
II. The sterilisation provider is a new segment during the year.
III. The corporate segment is involved in Group-level corporate services, treasury functions and provision of
management services to subsidiaries. As all subsidiaries except for Sun Healthcare (M) Sdn. Bhd. and Electron
Beam Sdn. Bhd. Group cease to be subsidiary of the Company subsequent to year end, all related revenue
and results have been classied as discontinued operations during the nancial year (Note 10).
IV. The energy provider segment generate and supply energy and electricity using biomass technology. This
segment has been classied as a discontinued operation during the nancial year (Note 10).
Except as indicated above, no operating segments have been aggregated to form the above reportable operating
segments.
Management monitors the operating results of its business units separately for the purpose of making decisions
about resource allocation and performance assessment. Segment performance is evaluated based on operating
prot or loss which, in certain respects as explained in the table below, is measured differently from operating prot
or loss in the consolidated nancial statements. Group nancing (including nance costs) and income taxes are
managed on a group basis and are not allocated to operating segments.
Transfer prices between operating segments are on an arms length basis in a manner similar to transactions with
third parties.

contd
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contd
33. SEGMENT INFORMATION contd

Healthcare
products
Energy
provider Corporate
Total
Discontinued
2012 2011 2012 2011 2012 2011 2012 2011
RM RM RM RM RM RM RM RM
Revenue:
External customers 424,344,553 417,554,714 - - - - 424,344,553 417,554,714
Inter-segment 352,448,740 345,602,561 19,786,875 12,340,000 1,980,000 2,220,000 374,215,615 360,162,561
Total revenue 776,793,293 763,157,275 19,786,875 12,340,000 1,980,000 2,220,000 798,560,168 777,717,275
Results:
Interest income 261,361 189,847 - - 4,918,618 4,030,691 5,179,979 4,220,538
Dividend income - - - - 4,500,000 7,100,000 4,500,000 7,100,000
Fair value gain 1,132,371 - - - - - 1,132,371 -
Depreciation 18,117,558 15,412,940 1,209,620 1,101,468 154,444 158,780 19,481,622 16,673,188
Other non-cash
expenses 41,495 2,154,363 - - 289 - 41,784 2,154,363
Segment prot 24,090,881 25,471,734 7,621,597 459,474 5,438,608 8,912,035 37,151,086 34,843,243
Assets:
Additions to non-
current assets 38,209,873 44,202,525 1,868,306 1,618,487 4,190 17,019 40,082,369 45,838,031
Segment assets 542,627,146 526,592,528 30,629,029 26,472,665 276,366,986 264,765,653 849,623,161 817,830,846
Segment liabilities 293,198,811 297,548,145 10,792,514 14,254,543 61,122,694 51,170,856 365,114,019 362,973,544
A The amounts relating to the certain products within healhcare products, energy provider and corporate
segment have been excluded to arrive at amounts shown in the consolidated statement of comprehensive
income as they are presented separately in the statement of comprehensive income within one line item,
prot from discontinued operation, net of tax.
B Inter-segment revenues are eliminated on consolidation.
contd
contd
C The following items are added to/(deducted from) segment prot to arrive at Prot before tax from continuing
operations presented in the consolidated statement of comprehensive income:
2012 2011
RM RM
Segment results of discontinued operations (37,151,086) (34,843,243)
Finance costs (467,104) (151,683)
(37,618,190) (34,994,926)
D The following items are added to/(deducted from) segment assets to arrive at total assets reported in the
consolidated statement of nancial position:
2012 2011
RM RM
Deferred tax assets 17,952,905 9,223,323
Tax recoverable 2,504,855 -
Inter-segment assets (408,484,918) (384,480,151)
(388,027,158) (375,256,828)
E The following items are added to/(deducted from) segment liabilities to arrive at total liabilities reported in
the consolidated statement of nancial position:
2012 2011
RM RM
Deferred tax liabilities 4,092,503 2,533,647
Income tax payables - 166,207
Loans and borrowings 222,074,811 190,018,018
Inter-segment liabilities (347,081,633) (328,628,070)
(120,914,319) (135,910,198)
Geographical information
Revenue and non-current assets information based on the geographical location of customers and assets respectively
are as follows:

Revenue Non-current assets
2012 2011 2012 2011
RM RM RM RM
Malaysia 14,193,405 12,573,871 48,140,749 230,521,320
Germany - - - 24,683
Uruguay - - - 34,714,722
14,193,405 12,573,871 48,140,749 265,260,725

contd

Geographical information contd
Non-current assets information presented above consist of the following items as presented in the consolidated
statement of nancial position:

2012 2011
RM RM
Property, plant and equipment 35,001,950 250,332,515
Intangible assets 7,027,953 3,304,887
Long term bank deposits - 2,400,000
Deferred tax assets 6,110,846 9,223,323
48,140,749 265,260,725
34. SIGNIFICANT AND SUBSEQUENT EVENTS
(a) On 10 July 2012, the Board of Directors of Adventa Berhad (Board) received an offer letter dated 9 July
2012 (Offer Letter) from Aspion Sdn. Bhd. (Aspion), which sets out Aspions offer to acquire all of the
businesses and undertakings, including all assets and liabilities, of Adventa Berhad (Adventa) (Specied
Business).
The Offer is to acquire the Specied Business at a consideration of RM320,850,117 equivalent to RM2.10 per
ordinary share of RM0.50 each in Adventa (Adventa Share) (Purchase Consideration).
The Purchase Consideration shall be satised as follows:
i) RM96,255,035 being an amount equivalent to approximately 30% of the Purchase Consideration, to be
paid not on Completion Date (as dened in the Offer Letter) but on a date falling six (6) months from
Completion Date; and
ii) The Balance of the Purchase Consideration of RM224,595,082 to be paid in cash on the Completion
Date.
Aspion proposed that, upon completion of the Proposed Acquisition, Adventa shall, subject to obtaining
all requisite approvals, declare a distribution (as the Board shall determine on or before the date of the
extraordinary general meeting) at an amount equivalent to at least RM1.70 per Adventa Share to all entitled
shareholders of Adventa.
(b) On 23 July 2012, following the discussions between the Board and Aspion, the Board has received a revised
offer letter from Aspion (Revised Offer Letter). The Revised Offer Letter supersedes the Offer made in the
offer letter dated 9 July 2012.
Under the terms of the revised offer (Revised Offer), Aspion offered to acquire all of the businesses and
undertakings, including the liabilities and assets of Adventa other than the Excluded Business. The Excluded
Business means:
i) all the shares in the capital of Sun Healthcare (M) Sdn. Bhd. held by Adventa; and
ii) all the shares in the capital of Electron Beam Sdn. Bhd. (EBSB), if held by Adventa as at Completion
Date (as dened in the Revised Offer Letter).
contd
34. SIGNIFICANT AND SUBSEQUENT EVENTS contd
(b) In relation to item (ii) above, the Board had on the same day announced that the Company had entered
into an agreement with Genson Technoloy Inc. a company incorporated in Hong Kong, to acquire 2,500,000
ordinary shares of RM1.00 each fully paid up in the capital of EBSB, representing 100% of the equity interest in
EBSB at a total consideration of RM9,000,000 (Proposed Acquisition), including its 100% owned subsidiary,
Lucenxia (M) Sdn. Bhd.. Upon completion of the Proposed Acquisition, EBSB will become a wholly-owned
subsidiary of the Company.
The Purchase Consideration of RM320,850,117 equivalent to RM2.10 per Adventa Share pursuant to the
Offer remains unchanged under Revised Offer.
(c) On 25 July 2012, the non-interested Directors of the Board, after taking into consideration the advice of the
independent adviser, have decided to accept the offer made in the Revised Offer letter from Aspion dated
23 July 2012, subject to, among others, the approval of the shareholders of Adventa and relevant regulatory
authorities, where required.
Upon acceptance of the Revised Offer by Adventa, it shall constitute a binding agreement between Adventa
and Aspion.
(d) On 15 August 2012, the Board proposed to revise the initial proposal under Proposed Distribution set out in
the announcement dated 25 July 2012 in relation to the Proposals, as follows:
i) Proposed declaration and payment of part of the Disposal Consideration as a special cash dividend
of RM198,621,501 on the basis of RM1.30 per Adventa Share to the Entitled Shareholders on the
entitlement date (Entitlement Date), which will be determined by the Board (Proposed Revised
Special Dividend);
ii) Proposed capital reduction and repayment of RM61,114,308 to the Entitled Shareholders on the basis
of RM0.40 for each Adventa Share held at the Entitlement Date via the following:
A) proposed capital reduction which will involve the reduction of the Companys existing issued and
paid-up share capital pursuant to Section 64 of the Act; and
B) proposed cancellation of part of the share premium account of the Company pursuant to Section
60 and 64 of the Act.
(e) On 2 October 2012, the Board had deliberated and decided an one-off proposed distribution of RM1.70 per
Adventa Share from the Disposal Consideration to be received by the Company from the Proposed Disposal.
The proposed distribution of RM1.70 per Adventa Share will be undertaken by way of Proposed Special
Dividend of RM1.30 per Adventa Share and Proposed Capital Reduction and Repayment of RM0.40 per
Adventa Share.
The Proposed Special Dividend is not subject to any approval from the shareholders or regulators and is
expected to be paid to the Entitled Shareholders after the completion of the Proposed Disposal.
The Proposed Distribution (which includes the Proposed Special Dividend and Proposed Capital Reduction
and Repayment) is conditional upon the completion of the Proposal Disposal, but not vice versa.
In addition, the Proposed Capital Reduction and Repayment shall be undertaken upon obtaining the approval
of the shareholders of the Company at an Extra-ordinary General Meeting (EGM) to be convened and the
conrmation by the High Court.
The entitlement date for the Proposed Special Dividend and Proposed Capital Reduction and Repayment
shall be determined by the Board after the conrmation by High Court for the Proposed Capital Reduction
and Repayment had been obtained.
contd
34. SIGNIFICANT AND SUBSEQUENT EVENTS contd
(f) On 1 November 2012, all the resolutions stated in Notice of EGM of Adventa dated 10 October 2012 and
tabled at the EGM of Adventa were approved by the shareholders.
(g) On 30 November 2012, all the Conditions set out in the Revised Offer Letter have been fullled on 30
November 2012. As such, the Disposal has been completed on 30 November 2012, being the completion
date agreed upon between Aspion and Adventa in accordance with the terms of the Revised Offer Letter.
Separate applications were made on 29 November 2012 to seek the concurrence of Bursa Securities that
Adventa is not considered a Cash Company pursuant to Paragraph 8.03(1) of the Listing Requirements, and
concurrence that Adventa is not classied as an Affected Listed Issuer under PN17. The classication as a
Cash Company pursuant to Paragraph 8.03(1) of the Listing Requirements or an Affected Listed Issuer
under PN17 will depend on the outcome of deliberation by Bursa Securities.
(h) On 3 December 2012, with reference to the announcement dated 30 November 2012, a waiver application
instead of a concurrence application was made by the Company to Bursa Securities, in relation to the
classication of Adventa as an Affected Listed Issuer under PN17 of the Listing Requirements.
(i) On 18 December 2012, the Company announced that the High Court of Malaya has granted an order
conrming the Capital Reduction and Repayment under Sections 60 and 64 of Companies Act 1965.
(j) On 20 December 2012, the Company announced that the entitlement date for the Proposed Distribution of
RM1.70 per share by way of a Special Dividend of RM1.30 per share and Capital Repayment and Reduction
of RM0.40 per share has been xed on 8 January 2013. The payment for the Proposed Distribution is xed on
21 January 2013. An ofce copy of the offer for the Capital Reduction and Repayment has been lodged with
the Companies Commision of Malaysia on the same date for the Capital Reduction and Repayment to take
effect accordingly.
(k) On 31 December 2012, pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa
Securities, the Board announced that the Company had entered into an agreement to acquire 500,000 ordinary
shares of RM1.00 each fully paid up in the capital of PTM Progress Trading & Marketing Sdn. Bhd. (PTM) at
a total cash consideration of RM7,500,000 (Purchase Consideration), less the existing bank loan and other
liabilities on completion date, subject to due diligence audit to be conducted on PTM (Acquisition). Upon
this Acquisition, PTM will be 100% wholly-owned subsidiary of Adventa.
(l) On 7 January 2013, Bursa Securities informed Adventa that the Company would not be considered as a Cash
Company pursuant to PN16 after due consideration of all facts and circumstances of the matter.
In addition, Bursa Securities has informed Adventa that is has decided to reject the application made by
the Company for a waiver from being classied as an Affected Listed Issuer under PN17. Further to this,
Adventa is required to immediately make an announcement in compliance with Paragraph 4.1(a) of PN17.
The Board had on the same day announced that with the completion of the disposal of Adventas major
business to Aspion Sdn. Bhd. on 30 November 2012, the Company has triggered the PN17 criteria under
Paragraph 2.1(g) on PN17.
(m) On 21 January 2013, the Company completed the Capital Reduction and Repayment as payment of RM1.70
per share in relation to the Distribution was made on this date.
(n) On 4 February 2013, the Board announced that the Company is presently in the midst of formulating a
regularisation plan to address its PN17 status (Regularisation Plan).
Premised on the First Announcement made on 7 January 2013, the Company is required to submit a
Regularisation Plan to the relevant authorities by 7 January 2014.

contd
35. OTHER INVESTMENT
Group and Company
2012 2011
RM RM
Held-to-maturity investment
Subordinated bonds, at cost - 2,500,000
Impairment losses - (2,500,000)
- -
The investment in subordinated bonds has been pledged as security for a term loan (Note 22).
Movement in allowance accounts:
2012 2011
RM RM
At 1 November 2,500,000 -
Charge for the year - 2,500,000
Write off (2,500,000) -
At 31 October - 2,500,000

36. AUTHORISATION OF FINANCIAL STATEMENTS FOR ISSUE
The nancial statements for the year ended 31 October 2012 were authorised for issue in accordance with a
resolution of the directors on 26 February 2013.
contd
37. SUPPLEMENTARY INFORMATION - BREAKDOWN OF RETAINED PROFITS INTO REALISED AND UNREALISED
The breakdown of the retained prots of the Group and of the Company as at 31 October 2012 into realised and
unrealised prots is presented in accordance with the directive issued by Bursa Malaysia Securities Berhad dated
25 March 2010 and prepared in accordance with Guidance on Special Matter No. 1, Determination of Realised
and Unrealised Prots or Losses in the Context of Disclosure Pursuant to Bursa Malaysia Securities Berhad Listing
Requirements, as issued by the Malaysian Institute of Accountants.

Group Company
2012 2011 2012 2011
RM RM RM RM
Total retained prots:
Realised 140,534,106 119,779,201 3,977,744 3,548,608
Unrealised 13,318,982 7,175,547 189,404 122,176
153,853,088 126,954,748 4,167,148 3,670,784
Less: Consolidation adjustments 23,051,581 21,695,122 - -
Retained prots as per nancial statements 130,801,507 105,259,626 4,167,148 3,670,784
List of Properties
Address/Location Description/Use
Land Area
(square
metres) Tenure
Age of
Building
No. of
Years
Net Book
Value as at
31.10.2012
RM000
Date of
Revaluation
Or
Acquisition
Terang Nusa Sdn. Bhd.
Lot 5050 and Lot 5051
Title PN 3030 and PN 3029
Mukim of Panchor
District of Kota Bharu
Kelantan
Biomass plant
and rubber gloves
factory
Lot 5050:
26,400
Lot 5051:
23,660
66 years
leasehold
expiring on
15.02.2063
9 14,796 18 Aug 2003
Lot 5053
Title PN 3027
Mukim of Panchor
Kelantan
Industrial land
developed with
rubber gloves
factory
23,410 66 years
leasehold
expiring on
15.02.2063
17 11,824 18 Aug 2003
Lot 5054 and Lot 5055
Title PN 3026 and PN 3025
Mukim Panchor
Kelantan
Vacant industrial
land
Lot 5054:
20,687
Lot 5055:
20,762
66 years
leasehold
expiring on
15.02.2063
N/A 1,967 1 Dec 2006
Terang Nusa (Malaysia) Sdn. Bhd.
Lot 5052
Title PN 3028
Mukim of Panchor
Kelantan
Detached factory,
single story
building, water
storage tank and
water treatment
system
21,840 66 years
leasehold
expiring on
15.02.2063
9 9,052 19 Aug 2003
Lot PTD 26624 and
Lot PTD 27735
No. HS(D) 29380 and
HS(D) 27148
Mukim of Kluang
District of Kluang
Johor
Rubber gloves
factory, ofce and
canteen
Lot PTD
26624:
13,237
60 years
leasehold
expiring on
28.08.2053
3 22,865 28 Feb 2008
Lot PTD
27735:
9,443
60 years
leasehold
expiring on
26.11.2051
List of Properties
contd
Address/Location Description/Use
Land Area
(square
metres) Tenure
Age of
Building
No. of
Years
Net Book
Value as at
31.10.2012
RM000
Date of
Revaluation
Or
Acquisition
Purnabina Sdn. Bhd.
Lot PTD 38818
No. HS(D) 23914
Mukim of Kluang
District of Kluang
Johor
Rubber gloves
factory, ofce and
canteen
12,140 60 years
leasehold
expiring on
09.10.2049
25 2,138 1 Nov 2004
Lot PTD 26427
No. HS(D) 25436
Mukim of Kluang
District of Kluang
Johor
Rubber gloves
factory
12,974 60 years
leasehold
expiring on
07.11.2050
6 8,414 29 Mar 2006
Lot 366
GM 2547
Mukim of Kluang
District of Kluang
Johor
Vacant agriculture
land
14,670 Freehold N/A 289 17 Dec 2007
Kevenoll S.A.
Lot 19.417 and 20.093
Ruta 74, KM 25.5
Canelones, Uruguay
Rubber gloves
factory, ofce and
canteen
50,007 Freehold 7 9,248 10 May 2005
Electron Beam Sdn. Bhd.
Lot PT 121634
HSD 119754
Mukim of Klang
District of Klang
Selangor
Sterilisation plant,
warehouse and
ofce
17,098 99 years
leasehold
expiring on
24.02.2097
4 18,409 23 Jul 2012
as at 21 March 2012
Authorised Share Capital : RM100,000,000/-
Issued and Paid-Up Capital : RM53,475,019.50/- comprising 152,785,770 Ordinary Shares of RM0.35 each
Class of Shares : Ordinary Shares of RM0.35 each
On show of hands : One vote per shareholder/proxy present
On a poll : One vote per Ordinary Share held
ANALYSIS OF SHAREHOLDINGS
A. DISTRIBUTION OF SHAREHOLDINGS
Range of Shareholdings
Number of
Shareholders %
Number of
Shares %
1- 99 134 3.71 5,913 0.00
100 - 1,000 640 17.74 542,768 0.36
1,001 - 10,000 2,101 58.23 9,360,745 6.13
10,001 - 100,000 651 18.04 20,926,328 13.70
100,001 to less than 5% of issued shares 79 2.19 35,652,264 23.33
5% and above of issued shares 3 0.08 86,297,752 56.48
Total 3,608 100.00 152,785,770 100.00

B. SUBSTANTIAL SHAREHOLDERS
(as shown in the Register of Substantial Shareholders)
No. Name
Direct Indirect
No. of
Shares %
No. of
Shares %
1. Low Chin Guan 58,446,552 38.25 7,960,960
(1)
5.21
2. Wong Koon Mei @ Wong Kwan Mooi 3,460,000 2.26 62,947,512
(2)
41.20
3. Low Lea Kwan 4,500,960 2.95 61,906,552
(3)
40.52
4. Lembaga Tabung Haji 14,323,900 9.38 - -
(1)
Deemed interested by virtue of the family relationship between Mr. Low Chin Guan and Madam Wong Koon Mei @ Wong
Kwan Mooi, who is his mother and Ms. Low Lea Kwan, who is his sister.
(2)
Deemed interested by virtue of the family relationship between Madam Wong Koon Mei @ Wong Kwan Mooi and Mr. Low
Chin Guan, who is her son and Ms. Low Lea Kwan, who is her daughter.
(3)
Deemed interested by virtue of the family relationship between Ms. Low Lea Kwan and Mr. Low Chin Guan, who is her
brother and Madam Wong Koon Mei @ Wong Kwan Mooi, who is her mother.
as at 21 March 2012
contd
C. DIRECTORS SHAREHOLDINGS
(as shown in the Register of Directors Shareholdings)
No. Name
Direct Indirect
No. of
Shares %
No. of
Shares %
1. Low Chin Guan 58,446,552 38.25 7,960,960
(1)
5.21
2. Kwek Siew Leng 928,200 0.61 - -
3. Toh Seng Thong 140,000 0.09 - -
4. Edmond Cheah Swee Leng 140,000 0.09 - -
5. Dato Dr. Norraesah binti Haji Mohamad 140,000 0.09 - -
(1)
Deemed interested by virtue of the family relationship between Mr. Low Chin Guan and Madam Wong Koon Mei @ Wong
Kwan Mooi, who is his mother and Ms. Low Lea Kwan, who is his sister.
Mr. Low Chin Guan, by virtue of his total direct and indirect interests of 66,407,512 shares in the Company, and
pursuant to Section 6A(4)(c) of the Companies Act, 1965, is deemed interested in the shares in all of the Companys
subsidiary companies to the extent that the Company has interests.
D. THIRTY (30) LARGEST SECURITIES ACCOUNT HOLDERS
No. Shareholders
Number of
Shares %
1. Low Chin Guan 58,446,552 38.25
2. Lembaga Tabung Haji 14,323,900 9.38
3. HSBC Nominees (Asing) Sdn. Bhd.
Exempt AN for Clearstream Banking S.A.
13,527,300 8.85
4. Low Lea Kwan 4,296,000 2.81
5. Wong Koon Mei @ Wong Kwan Mooi 3,460,000 2.26
6. Aphesus Limited 3,369,100 2.21
7. Public Nominees (Tempatan) Sdn. Bhd.
Pledged Securities Account for Wong Yoke Fong @ Wong Nyok Fing (JRC)
1,888,000 1.24
8. Sin Tong Meng 1,721,400 1.13
9. CIMSEC Nominees (Tempatan) Sdn. Bhd.
CIMB Bank for Lai Kim Fook (MY0637)
1,467,328 0.96
10. Wong Yoke Fong @ Wong Nyok Fing 1,175,500 0.77
11. Kenanga Nominees (Tempatan) Sdn. Bhd.
Pledged Securities Account for Mak Tian Meng
1,163,000 0.76
CIMB Bank for Mak Tian Meng (MY0343)
1,134,000 0.74
13. HSBC Nominees (Tempatan) Sdn. Bhd.
HSBC (Malaysia) Trustee Berhad for Amanah Saham Sarawak
1,000,000 0.65
14. Kwek Siew Leng 928,200 0.61
15. Lau Kooi See 664,100 0.43
16. Lee Siew Chow 527,800 0.35
17. Liew Chuan Hau 519,264 0.34
as at 21 March 2012
contd
D. THIRTY (30) LARGEST SECURITIES ACCOUNT HOLDERS contd
No. Shareholders
Number of
Shares %
18. Emerson & CO.S.R.L. 488,800 0.32
19. Wee Ye Yee 438,000 0.29
20. Wong Yoke Fong @ Wong Nyok Fing 410,000 0.27
CIMB Bank for Tan Hock Seng (MP0060)
340,000 0.22
22. Lum Sau Weng 320,000 0.21
23. Kamarudin Bin Mahmood 300,000 0.20
24. Maybank Nominees (Tempatan) Sdn. Bhd.
Pledged Securities Account for Choo Hon Choy
300,000 0.20
25. Mak Tian Meng 296,300 0.19
26. Chong Yet Hoi 295,000 0.19
27. Wee Ye Yee 287,800 0.19
28. Eu Hong Lan 270,000 0.18
29. Maybank Nominees (Tempatan) Sdn. Bhd.
Pledged Securities Account for Kok Yoon Lim
235,400 0.15
30. Lim Soon Huat 225,700 0.15
113,818,444 74.50
NOTICE IS HEREBY GIVEN that the Tenth Annual General Meeting of the Company will be held at Dewan Sekebun
Bunga, Grand Riverview Hotel, Jalan Post Ofce Lama, 15000 Kota Bharu, Kelantan on Monday, 29 April 2013 at 12:00
noon for the following purposes:-

AGENDA
1. To receive the Audited Financial Statements for the nancial year ended 31 October 2012
together with the Reports of the Directors and the Auditors thereon.
2. To approve the payment of Directors fees for the nancial year ended 31 October 2012.

3. To re-elect the following Directors who retire pursuant to Article 114 of the Companys
Articles of Association and being eligible, have offered themselves for re-election:-
(a) Mr. Low Chin Guan; and
(b) Ms. Kwek Siew Leng

4. To re-appoint Messrs. Ernst & Young as Auditors of the Company until the conclusion of the
next Annual General Meeting and to authorise the Directors to x their remuneration.
5. As Special Business
To consider and, if thought t, to pass the following Ordinary Resolutions:-
ORDINARY RESOLUTION 5
- AUTHORITY TO ISSUE SHARES PURSUANT TO SECTION 132D OF THE COMPANIES
ACT, 1965
THAT subject to Section 132D of the Companies Act, 1965 and approvals of the relevant
governmental/regulatory authorities, the Directors be and are hereby empowered to issue
and allot shares in the Company, at any time to such persons and upon such terms and
conditions and for such purposes as the Directors may, in their absolute discretion, deem
t, provided that the aggregate number of shares issued pursuant to this resolution does
not exceed ten per centum (10%) of the issued and paid-up share capital of the Company
for the time being and the Directors be and are also empowered to obtain the approval for
the listing of and quotation for the additional shares so issued on Bursa Malaysia Securities
Berhad; AND THAT such authority shall commence immediately upon the passing of this
resolution and continue to be in force until the conclusion of the next Annual General
Meeting of the Company.
PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY OF UP TO 10% OF THE
ISSUED AND PAID-UP SHARE CAPITAL OF ADVENTA BERHAD (PROPOSED RENEWAL
OF AUTHORITY FOR SHARE BUY-BACK)
THAT, subject to the compliance with Section 67A of the Companies Act, 1965 and all other
applicable laws, rules and regulations, approval be and is hereby given to the Company, to
purchase such amount of ordinary shares of RM0.35 each in the Company (Shares) as may
be determined by the Directors of the Company from time to time through Bursa Malaysia
Securities Berhad (Bursa Securities) as the Directors may deem t and expedient in the
interest of the Company provided that the aggregate number of Shares to be purchased
and held pursuant to this resolution does not exceed 10% of the existing issued and paid-
up share capital of the Company including the Shares previously purchased and retained as
treasury shares (if any), upon such terms and conditions as set out in Part A of the Circular
to the Shareholders dated 5 April 2013.

[Please refer to
Explanatory Note (i)]
Resolution 1
Resolution 2
Resolution 3
Resolution 4
Resolution 5
Resolution 6
contd
AND THAT such authority shall commence immediately upon the passing of this ordinary
resolution and until the conclusion of the next Annual General Meeting of the Company
or the expiry of the period within which the next Annual General Meeting is required by
law to be held unless revoked or varied by ordinary resolution in the general meeting of
the Company but so as not to prejudice the completion of a purchase made before such
expiry date, in any event in accordance with the provisions of the Main Market Listing
Requirements of Bursa Securities and any other relevant authorities.

AND THAT the maximum amount of funds to be utilised for the purpose of the Proposed
Renewal of Authority for Share Buy-Back shall not exceed the Companys aggregate of the
share premium and/or retained prots.

AND THAT authority be and is hereby given to the Directors of the Company to decide in
their absolute discretion to retain the Shares in the Company so purchased by the Company
as treasury shares and/or to cancel them and/or to resell them and/or to distribute them as
share dividends in such manner as may be permitted and prescribed by the provisions of the
Main Market Listing Requirements of Bursa Securities and any other relevant authorities.

AND THAT authority be and is hereby given to the Directors of the Company to take all such
steps as are necessary to enter into any agreements, arrangements and guarantees with any
party or parties to implement, nalise and give full effect to the aforesaid with full powers
to assent to any conditions, modications, variations and/or amendments (if any) as may be
imposed by the relevant authorities and to do all such acts and things as the Directors may
deem t and expedient in the interests of the Company.
PROPOSED SHAREHOLDERS MANDATE FOR RECURRENT RELATED PARTY
TRANSACTIONS OF A REVENUE OR TRADING NATURE WHICH ARE NECESSARY FOR
THE DAY TO DAY OPERATIONS
THAT, approval be and is hereby given for the Company and/or its subsidiaries (the
Adventa Group) to enter into any of the category of recurrent transactions of a revenue
or trading nature falling within the types of transactions set out in Section 2.4, Part B of
the Circular to the Shareholders dated 5 April 2013 with the related parties mentioned
therein, provided that such transactions are necessary for the day-to-day operations and
they are carried out in the ordinary course of business on normal commercial terms which
are consistent with the Adventa Groups normal business practices and policies, and on
transaction prices and terms not more favourable to the related parties than those generally
available to the public and are not to the detriment of the minority shareholders of the
Company.

AND THAT such mandate for the recurrent related party transactions shall commence upon
passing this ordinary resolution and to be in force until:-

(a) the conclusion of the next Annual General Meeting of the Company at which time
the authority shall lapse unless the authority is renewed by a resolution passed at the
meeting;

(b) the expiration of the period within which the next Annual General Meeting after that
date it is required to be held pursuant to Section 143(1) of the Companies Act, 1965
(but must not extend to such extension as may be allowed pursuant to Section 143(2)
of the Companies Act, 1965); or

(c) revoked or varied by resolution of the shareholders of the Company in a general
meeting;

Resolution 7
contd
whichever is earlier.

AND THAT authority be and is hereby given to the Directors of the Company to complete
and to do all such acts and things as the Directors may deem t and expedient or necessary
(including executing all such documents as may be required) to give effect to the mandate
for the recurrent related party transactions contemplated and/or authorised by this ordinary
resolution.
6. To transact any other ordinary business of which due notice has been given.
By Order of the Board
CHUA SIEW CHUAN (MAICSA 0777689)
Company Secretary
Kuala Lumpur
Dated: 5 April 2013
Notes:
1. In respect of deposited securities, only members whose names appear in the Record of Depositors on 23 April 2013 (General
Meeting Record of Depositors) shall be eligible to attend the Meeting.
2. A member shall not be entitled to appoint more than two (2) proxies to attend and vote at the same meeting and where two (2)
proxies are appointed, a member shall specify the proportion of his holdings to be represented by each proxy, failing which the
appointment shall be invalid provided that where a member of the Company is an authorised nominee as dened in accordance
with the provisions of the Securities Industry (Central Depositories) Act 1991, it may appoint at least one proxy in respect of each
securities account it holds with ordinary shares of the Company standing to the credit of the said securities account. If a member
appoints two (2) proxies, he must specify which proxy is entitled to vote on a show of hands, only one (1) of those proxies is
entitled to vote on a show of hands.
3. A proxy may but does not need to be a member of the Company and the provisions of Section 149 (1)(b) of the Companies
Act, 1965 need not be complied with. Notwithstanding this, a member entitled to attend and vote at the Meeting is entitled to
appoint any person as his proxy to attend and vote instead of the member at the Meeting. There shall be no restriction as to
the qualication of the proxy. A proxy appointed to attend and vote at the Meeting shall have the same rights as the member to
speak at the Meeting.
4. The instrument appointing a proxy shall be in writing under the hand of the appointer or of his attorney duly appointed under a
power of attorney or if such appointer is a corporation, either under its common seal or under the hand of an ofcer or attorney
duly appointed under a Power of Attorney.
5. Where a member of the Company is an exempt authorised nominee which holds ordinary shares in the Company for multiple
benecial owners in one securities account (omnibus account), there is no limit to the number of proxies which the exempt
authorised nominee may appoint in respect of each omnibus account it holds.
6. The instrument appointing a proxy must be deposited at Securities Services (Holdings) Sdn. Bhd., Level 7, Menara Milenium, Jalan
Damanlela, Pusat Bandar Damansara, Damansara Heights, 50490 Kuala Lumpur not less than 48 hours before the time for holding
the Meeting or at any adjournment thereof.
Explanatory Notes to Ordinary and Special Business:
i) Item 1 of the Agenda
This Agenda item is meant for discussion only, as the provision of Section 169(1) of the Companies Act, 1965 does not require a
formal approval of the shareholders for the Audited Financial Statements. Hence, this Agenda item is not put forward for voting.
ii) Ordinary Resolution
- Authority to issue shares pursuant to Section 132D of the Companies Act, 1965
The Company wishes to renew the mandate on the authority to issue shares pursuant to Section 132D of the Companies Act,
1965 at the Tenth Annual General Meeting of the Company (hereinafter referred to as the General Mandate).
The Company had been granted a general mandate by its shareholders at the Ninth Annual General Meeting of the Company
held on 26 March 2012 (the Previous Mandate).
As at the date of this notice, the Previous Mandate granted by the shareholders had not been utilised and hence no proceeds
were raised therefrom.
The General Mandate will provide exibility to the Company for any possible fund raising activities, including but not limited to
further placing of shares, for the purpose of funding future investment project(s), working capital and/or acquisition(s).
iii) Ordinary Resolution
- Proposed Renewal of Authority for Share Buy-Back
The proposed adoption of the Ordinary Resolution in respect of the Proposed Renewal of Authority for Share Buy-Back is to renew the
authority granted by the shareholders of the Company at the Ninth Annual General Meeting held on 26 March 2012. The proposed
renewal will allow your Directors to exercise the power of the Company to purchase not more than 10% of the issued and paid-up share
capital of the Company any time within the time period stipulated in Bursa Securities Main Market Listing Requirements.
iv) Ordinary Resolution
- Proposed Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature
The proposed adoption of the Ordinary Resolution in respect of the Proposed Shareholders Mandate for Recurrent Related Party
Transactions of a Revenue or Trading Nature is to allow the Group to enter into recurrent related party transactions of a revenue
or trading nature pursuant to the provisions of the Bursa Securities Main Market Listing Requirements.
contd
Form of Proxy
Number of
Shares Held
CDS Account No.
*I/We
(Full Name In Capital Letters)
of
(Full Address)
being a Member of ADVENTA BERHAD,do hereby appoint
of
(Full Address)
or failing him/her
of
(Full Address)
or failing him/her, the CHAIRMAN OF THE MEETING, as *my/our proxy to attend and vote for *me/us and on *my/our behalf
at the Tenth Annual General Meeting of the Company to be held at Dewan Sekebun Bunga, Grand Riverview Hotel, Jalan Post
Ofce Lama, 15000 Kota Bharu, Kelantan on Monday, 29 April 2013 at 12:00 noon and at any adjournment thereof.
Please indicate with an X in the space provided below how you wish your votes to be casted. If no specic direction as to voting is
given, the Proxy will vote or abstain from voting at his discretion.
Item Agenda
1. To receive the Audited Financial Statements for the nancial year ended 31 October
2012 together with the Reports of the Directors and the Auditors thereon.
Resolution For Against
2. To approve the payment of Directors fees for the nancial year ended
31 October 2012.
1
3. To re-elect the Director, Mr. Low Chin Guan who retires pursuant to Article 114
of the Companys Articles of Association.
2
4. To re-elect the Director, Ms. Kwek Siew Leng who retires pursuant to Article
114 of the Companys Articles of Association.
3
5. To re-appoint Messrs. Ernst & Young as Auditors of the Company until the
conclusion of the next Annual General Meeting and to authorise the Directors
to x their remuneration.
4
6. Special Business
Ordinary Resolution
- Authority to issue shares pursuant to Section 132D of the Companies Act, 1965. 5
7. Ordinary Resolution
- Proposed Renewal of Authority for Share Buy-Back. 6
8. Ordinary Resolution
- Proposed Shareholders Mandate for Recurrent Related Party Transactions of
a Revenue or Trading Nature.
7
* Strike out whichever not applicable.
As witness my/our hand this day of 2013

Signature of Member/Common Seal

Notes:
1. In respect of deposited securities, only members whose names appear in the Record of Depositors on 23 April 2013 (General Meeting Record of Depositors)
shall be eligible to attend the Meeting.
2. A member shall not be entitled to appoint more than two (2) proxies to attend and vote at the same meeting and where two (2) proxies are appointed, a member
shall specify the proportion of his holdings to be represented by each proxy, failing which the appointment shall be invalid provided that where a member of the
Company is an authorised nominee as dened in accordance with the provisions of the Securities Industry (Central Depositories) Act 1991, it may appoint at least
one proxy in respect of each securities account it holds with ordinary shares of the Company standing to the credit of the said securities account. If a member
appoints two (2) proxies, he must specify which proxy is entitled to vote on a show of hands, only one (1) of those proxies is entitled to vote on a show of hands.
3. A proxy may but does not need to be a member of the Company and the provisions of Section 149 (1)(b) of the Companies Act, 1965 need not be complied
with. Notwithstanding this, a member entitled to attend and vote at the Meeting is entitled to appoint any person as his proxy to attend and vote instead of the
member at the Meeting. There shall be no restriction as to the qualication of the proxy. A proxy appointed to attend and vote at the Meeting shall have the same
rights as the member to speak at the Meeting.
4. The instrument appointing a proxy shall be in writing under the hand of the appointer or of his attorney duly appointed under a power of attorney or if such
appointer is a corporation, either under its common seal or under the hand of an ofcer or attorney duly appointed under a Power of Attorney.
5. Where a member of the Company is an exempt authorised nominee which holds ordinary shares in the Company for multiple benecial owners in one
securities account (omnibus account), there is no limit to the number of proxies which the exempt authorised nominee may appoint in respect of each
omnibus account it holds.
6. The instrument appointing a proxy must be deposited at Securities Services (Holdings) Sdn. Bhd., Level 7, Menara Milenium, Jalan Damanlela, Pusat Bandar
Damansara, Damansara Heights, 50490 Kuala Lumpur not less than 48 hours before the time for holding the Meeting or at any adjournment thereof.
AFFIX
STAMP
1st Fold Here
Fold This Flap For Sealing
Then Fold Here
The Secretary
ADVENTA BERHAD (618533-M)
c/o Securities Services (Holdings) Sdn. Bhd.
Level 7, Menara Milenium
Jalan Damanlela
Pusat Bandar Damansara
Damansara Heights
50490 Kuala Lumpur

ADVENTA AnnualReport2012

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