Registered No.

2128-11 WKL

RHB SPORTS AND RECREATION CLUB, KUALA LUMPUR

(Registered in Malaysia) STATUTORY FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2012

Registered No.
2128-11 WKL

RHB SPORTS AND RECREATION CLUB, KUALA LUMPUR

(Registered in Malaysia)

CLUB INFORMATION

DATE OF REGISTERED RHB Sports and Recreation Club was registered at Registrar of Societies Malaysia on 28 April 2011.
th

WORKING COMMITTEE MEMBERS 1. 2. 3. 4. 5. 6. President : Tengku Mohamad Rizam Tengku Abdul Aziz Vice-President / Deputy President : Azman Shah Md Yaman Honorary Secretary General / Secretary : Azaharin Abd Latiff Treasurer : Nasarudin Che Ahmad Committee Member : Anto Keney Martin Committee Member : Anita Ali

REGISTERED OFFICE Level 10, Tower One RHB Centre, Jalan Tun Razak. 50400 Kuala Lumpur.

AUDITORS PricewaterhouseCoopers Chartered Accountants Level 10, 1 Sentral Jalan Travers, Kuala Lumpur Sentral 50706 Kuala Lumpur Malaysia

Registered No.
2128-11 WKL

RHB SPORTS AND RECREATION CLUB, KUALA LUMPUR

(Registered in Malaysia)

STATUTORY FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2012
CONTENTS PAGE

STATEMENT BY THE MEMBERS OF THE MANAGEMENT COMMITTEE

STATEMENT OF INCOME STATEMENT OF FINANCIAL POSITION

2 3

STATEMENT OF CHANGES IN FUND BALANCES STATEMENT OF CASH FLOWS NOTES TO THE FINANCIAL STATEMENTS

4 5 6-7

INDEPENDENT AUDITORS REPORT

Registered No.
2128-11 WKL

RHB SPORTS AND RECREATION CLUB, KUALA LUMPUR

(Registered in Malaysia)

STATEMENT BY THE MEMBERS OF THE MANAGEMENT COMMITTEE We, Tengku Mohamad Rizam bin Tengku Abdul Aziz and Nasarudin Bin Che Ahmad, being two of the Management Committee of The RHB Sports and Recreation Club (RHBSRC), state that, in the opinion of the Management Committee, the financial statement set out on page 2 to 5 are drawn up in accordance with Private Entity Reporting Standard and the Societies Act, 1966 in Malaysia and the rules and regulations of the RHB Sports and Recreation Club so as to give a true and fair view of the state of affairs of the Club at 31 March 2012 and of its result and cash flows for the financial year ended on that date.

SIGNED ON BEHALF OF THE MANAGEMENT COMMITTEE

Signed on the original

TENGKU MOHAMAD RIZAM BIN TENGKU ABDUL AZIZ President

Signed on the original

NASARUDIN BIN CHE AHMAD Treasurer

Kuala Lumpur 16 April 2012

Registered No.
2128-11 WKL

RHB SPORTS AND RECREATION CLUB, KUALA LUMPUR

(Registered in Malaysia)

STATEMENT OF INCOME FOR THE FINANCIAL YEAR ENDED 31 MARCH 2012

Note Monthly Subscriptions Operating expenses Audit Fee Net surplus before taxation Taxation Net surplus for the financial year 4 2012 RM 12,439 (25) (1,000) 11,414 11,414

The accompanying accounting policies and notes form an integral part of these financial statements. 2

Registered No.
2128-11 WKL

RHB SPORTS AND RECREATION CLUB, KUALA LUMPUR

(Registered in Malaysia)

STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2012

Note CURRENT ASSETS Cash in Bank Cash with GHR Account TOTAL ASSETS 5 6

2012 RM

975 12,439 13,414

FUND BALANCE AND LIABILITIES FUND BALANCE Accumulated Subscriptions funds

11,414

CURRENT LIABILITIES Other payable Audit Fee TOTAL FUND BALANCE AND LIABILITIES

1,000 1,000 13,414

The accompanying accounting policies and notes form an integral part of these financial statements.

Registered No.
2128-11 WKL

RHB SPORTS AND RECREATION CLUB, KUALA LUMPUR

(Registered in Malaysia)

STATEMENT OF CHANGES IN FUND BALANCES FOR THE FINANCIAL YEAR ENDED 31 MARCH 2012

Note Balance as at 28 April 2011 Club subscription contribution for the period Balance as at 31 March 2012

2012 RM 12,439 12,439

The accompanying accounting policies and notes form an integral part of these financial statements.

Registered No.
2128-11 WKL

RHB SPORTS AND RECREATION CLUB, KUALA LUMPUR

(Registered in Malaysia)

STATEMENT OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2012
2012 RM CASH FLOW FROM OPERATING ACTIVITIES Surplus before tax Increase/(decrease) in other payable 11,414 2,000 13,414

CASH AND CASH EQUIVALENT AT BEGINNING OF THE YEAR CASH AND CASH EQUIVALENT AT END OF THE YEAR

13,414

The accompanying accounting policies and notes form an integral part of these financial statements.

Registered No.
2128-11 WKL

RHB SPORTS AND RECREATION CLUB, KUALA LUMPUR

(Registered in Malaysia)

NOTES TO THE FINANCIAL STATEMENT FOR THE FINANCIAL YEAR ENDED 31 MARCH 2011
1 GENERAL INFORMATION The principal objective of The RHB Sports and Recreation Club is to promote and carry on sporting and social activities. Total number of members at the end of financial year was 865 members. The registered office and principal place of business of the Club is located at Level 10, Tower One, RHB Centre, Jalan Tun Razak, 50400 Kuala Lumpur. The financial statement of the Club were authorised for issue by the members of the Management Committee in accordance with a resolution of the members of the Management Committee on 16 April 2012. 2 BASIS OF PREPARATION OF THE FINANCIAL STATEMENTS The financial statements of the Club are prepared under the historical cost convention and in accordance with the provisions of the Societies Act, 1966 and the rules and regulations of the Club and Private Entity Reporting Standards in Malaysia.

SIGNIFICANT ACCOUNTING POLICIES (a) Revenue Recognition Revenue represents membership subscriptions, entrance fees, surcharges and revenue generated from the activities of the Club. (b) Cash and Cash Equivalents Cash and cash equivalents comprise cash and bank balances, that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

MONTHLY SUBSCRIPTION 2012 RM Salary deduction in month of February 2012 (For monthly subscription from November 2011 to February 2012) Salary deduction in month of March 2012 Balance as at 31 March 2012 5,380 7,059 12,439

Monthly subscription comprise amount receivable from members for monthly subscription fee through salary deduction based on ranking as stipulated in Rules and Regulation of the Club. 6

Registered No.
2128-11 WKL

RHB SPORTS AND RECREATION CLUB, KUALA LUMPUR

(Registered in Malaysia)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2010 (CONTINUED)
5 CASH IN BANK 2012 RM Cash in Bank Balance as at 31 March 2012 975 975

CASH WITH GROUP HUMAN RESOURCE (GHR) ACCOUNT All monthly subscriptions fee collected from members for the period from April 2011 to March 2012 were kept in GHR suspense account and will be credited to Club account upon approval of cost centre for RHBSRC.

OTHER PAYABLE The Clubs other creditor comprise amount due to Management Committee for the purpose of opening current account at Cawangan Utama Kuala Lumpur branch, interest-free and repayment upon approval of cost centre for RHBSRC.

Registered No.
2128-11 WKL

RHB SPORTS AND RECREATION CLUB, KUALA LUMPUR

(Registered in Malaysia)

INDEPENDENT AUDITORS REPORT