OSK Investment Bank Berhad Annual Report 2012 annual report 2012

348 Pages·2013·4.82 MB·English

(A Member of RHB Banking Group)
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OSK Investment Bank Berhad (14152-V) 2
20th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur
Tel : [phone] Fax : [phone] annual report 2012
Inside
this report
2 Five-Year Group Financial Highlights
3 Summary of Five-Year Group Growth
4 Corporate Information
12 Management Team
14 RHB Capital Berhad Group Structure
16 Board of Directors
18 Profiles of the Board of Directors
25 Investment Banking Services
28 Corporate Governance Statement
42 Statement on Risk Management &
Internal Control
46 Management Report
47 Audit Committee Report
50 Awards & Recognition
51 Financial Statements
52 Directors’ Report
57 Statement By Directors
57 Statutory Declaration
58 Independent Auditors’ Report
To The Member Of OSK Investment Bank Berhad
60 Statements of Financial Position
64 Income Statements
66 Statements of Comprehensive Income
67 Statements of Changes In Equity
70 Statements of Cash Flows
75 Notes To The Financial Statements
283 Basel II Pillar 3 Disclosures
Five-Year Group Financial highlights
2012 2011* 2010* 2009 2008
RESULTS (RM'000)
Profit before tax 49,031 53,709 133,178 179,901 161,916
Net profit for the financial year 29,677 37,439 97,806 135,213 133,320
Net dividend – – – 35,438 46,620
STATEMENT OF FINANCIAL POSITION
(RM'000)
Share capital 660,000 660,000 660,000 630,000 630,000
Shareholder's equity (attributable to owner of 847,431 1,049,081 1,031,583 989,364 868,459
the Bank)
Total assets 11,304,838 9,141,103 8,469,499 9,386,001 5,331,628
Loans and advances 1,960,011 1,425,405 1,101,708 766,998 796,994
Total deposits 6,662,335 5,433,198 4,621,818 4,535,101 2,829,240
RATIOS
Basic earnings per share (sen) 2.22 2.53 9.87 17.03 18.75
Gross dividends per share (sen) – – – 7.50 10.00
Net tangible assets per share (sen) 156.08 177.51 167.23 167.45 144.20
Return on shareholder's equity (%) 1.73 1.59 6.21 10.85 13.60
* Restated as a result of retrospective application of MFRS 139 and FRSIC 18.
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OSK INvESTMENT bANK bERhAd
ANNUAL REPORT 2012
Summary of Five-Year Group Growth
PROFIT bEFORE TAx ShARE CAPITAL ShAREhOLdER'S EqUITY
(RM’000) (RM’000) (RM’000)
161,916 179,901 133,178 53,709 49,031 630,000 630,000 660,000 660,000 660,000 868,459 989,364 1,031,583 1,049,081 847,431
2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012
TOTAL ASSETS LOANS ANd AdvANCES TOTAL dEPOSITS
(RM’000) (RM’000) (RM’000)
5,331,628 9,386,001 8,469,499 9,141,103 11,304,838 796,994 766,998 1,101,708 1,425,405 1,960,011 2,829,240 4,535,101 4,621,818 5,433,198 6,662,335
2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012
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OSK INvESTMENT bANK bERhAd
ANNUAL REPORT 2012
Corporate Information
As At 22 March 2013
bOARd OF dIRECTORS b. Audit Committee Members
Mr. Leong Keng Yuen
Mr. Foo San Kan
– Chairman
– Chairman
Independent Non-Executive Director
Senior Independent Non-Executive Director
Mr. Foo San Kan
Mr. U Chen Hock
Senior Independent Non-Executive Director
Chief Executive Officer/Executive Director
Dato’ Abdul Majit bin Ahmad Khan
Tan Sri Ong Leong Huat @ Wong Joo Hwa
Independent Non-Executive Director
Non-Independent Non-Executive Director
C. Risk Management Committee Members
Dato’ Nik Mohamed Din bin Datuk Nik Yusoff
Non-Independent Non-Executive Director Dr. Ngo Get Ping
– Chairman
Dato’ Abdul Majit bin Ahmad Khan Independent Non-Executive Director
Independent Non-Executive Director
Mr. Foo San Kan
Mr. Leong Keng Yuen Senior Independent Non-Executive Director
Independent Non-Executive Director
Mr. Leong Keng Yuen
Dr. Ngo Get Ping Independent Non-Executive Director
Independent Non-Executive Director
d. Nominating Committee Members
Mr. Foo San Kan
– Chairman
bOARd COMMITTEES Senior Independent Non-Executive Director
A. Credit Lending Committee – Connected Parties
Tan Sri Ong Leong Huat @ Wong Joo Hwa
Members
Non-Independent Non-Executive Director
Dato’ Abdul Majit bin Ahmad Khan
– Chairman Dato’ Nik Mohamed Din bin Datuk Nik Yusoff
Independent Non-Executive Director Non-Independent Non-Executive Director
Mr. Foo San Kan Dato’ Abdul Majit bin Ahmad Khan
Senior Independent Non-Executive Director Independent Non-Executive Director
Mr. U Chen Hock Mr. Leong Keng Yuen
Chief Executive Officer/Executive Director Independent Non-Executive Director
Tan Sri Ong Leong Huat @ Wong Joo Hwa Dr. Ngo Get Ping
Non-Independent Non-Executive Director Independent Non-Executive Director
Mr. Wong Chong Kim
Deputy Chief Executive Officer
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OSK INvESTMENT bANK bERhAd
ANNUAL REPORT 2012
E. Remuneration Committee Members PRINCIPAL bANKERS
Dato’ Abdul Majit bin Ahmad Khan
Bangkok Bank Plc
– Chairman
CIMB Bank Berhad
Independent Non-Executive Director
Citibank Berhad
DBS Bank Ltd.
Tan Sri Ong Leong Huat @ Wong Joo Hwa
Malayan Banking Berhad
Non-Independent Non-Executive Director
Panin Bank
PT Bank CIMB Niaga Tbk
Dr. Ngo Get Ping
PT Bank OCBC NISP Tbk
Independent Non-Executive Director
PT Bank Permata Tbk
RHB Bank Berhad
F. Shariah Committee Members
RHB Islamic Bank Berhad
Dr. Ahmad Basri Ibrahim Standard Chartered Bank (Hong Kong) Limited
– Chairman Standard Chartered Bank Berhad
Shariah Adviser The Hong Kong and Shanghai Banking Corporation Limited
United Overseas Bank (Malaysia) Berhad
En. Wan Abdul Rahim Kamil Wan Mohamed Ali United Overseas Bank Limited
Shariah Adviser
En. Mohd Fadhly Md. Yusoff
Shariah Adviser SOLICITORS
Dr. Mohamad Asmadi Haji Abdullah Cheang & Ariff
Shariah Adviser Rajesh Hisham Rahim & Gopal
Lee Hishamudin Allen & Gledhill
COMPANY SECRETARIES REGISTEREd OFFICE
Chua Siew Chuan (MAICSA0777689) 20th Floor, Plaza OSK
Chin Mun Yee (MAICSA7019243) Jalan Ampang
50450 Kuala Lumpur
Tel : [phone]
Fax : [phone]
AUdITORS
PricewaterhouseCoopers (AF 1146)
Chartered Accountants
Level 10, 1 Sentral, Jalan Travers
Kuala Lumpur Sentral
50706 Kuala Lumpur
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OSK INvESTMENT bANK bERhAd
ANNUAL REPORT 2012
Corporate Information
As At 22 March 2013
PRINCIPAL bUSINESS AddRESSES Klang Penang Region
Tingkat Bawah & Tingkat Mezanin,
Penang
No. 87 & 89, Jalan Susur,
No. 64 & 64D,
OSKIb bRANCh NETwORK
Pusat Perniagaan NBC,
Tingkat Bawah - Tingkat 3 & Tingkat 5
Batu 1 ½ Jalan Meru,
Central Region - Tingkat 8, Lebuh Bishop,
41050 Klang, Selangor 10200 Penang
Principal Office
Tel : [phone] Tel : [phone]
Tingkat 12, 20 (sebahagian) & 21,
Fax : [phone] Fax : [phone]
Plaza OSK, Jalan Ampang,
50450 Kuala Lumpur
Kota Damansara Bayan Baru
Tel : [phone] 3388
11-1 & 11-2, Jalan PJU 5/12, 15-G-5, 15-G-6, 15-1-5, 15-1-6,
Fax : [phone]
Dataran Sunway, Kota Damansara, 15-2-5,15-2-6 & 15-2-24,
47810 Petaling Jaya, Selangor Bayan Point Medan Kampung Relau,
Kepong Tel : [phone] Penang
No. 62, 62-1, 64 & 64-1, Fax : [phone] Tel : [phone]
Vista Magna, Jalan Prima, Fax : [phone]
Metro Prima, 52100 Kuala Lumpur
Pandan Indah
Tel : [phone] No. 5 & 7, Jalan Pandan Indah 4/33, Bukit Mertajam
Fax : [phone] Pandan Indah, 55100 Selangor Tingkat Bawah, Tingkat Satu & Tingkat
Tel : [phone] Dua, No. 11A, Jalan Keranji,
Seri Petaling Off Jalan Padang Lallang,
Fax : [phone]
Ground, First, Second & Third Floor, 14000 Bukit Mertajam, Pulau Pinang
No. 55, Zone J4, Jalan Radin Anum, Tel : [phone]
Rawang
Bandar Baru Seri Petaling, Fax : [phone]
Tingkat Bawah & Tingkat Satu,
57000 Kuala Lumpur
No. 15, Jalan Bandar Rawang 4,
Tel : [phone] Butterworth
48000 Rawang, Selangor
Fax : [phone] Aras Bawah, 1 dan 2, 2677,
Tel : [phone]
Jalan Chain Ferry, Taman Inderawasih,
Fax : [phone]
Selangor Region 13600 Prai, Pulau Pinang
Tel : [phone]
Bandar Puchong Jaya SS2, Petaling Jaya
Fax : [phone]
Tingkat Bawah dan Tingkat Satu, 24, 24M, 24A, 26M, 28M, 28A, 30,
No. 13 Jalan Kenari 3, 30M & 30A, Jalan SS2/63,
Farlim
Bandar Puchong Jaya, 47300 Petaling Jaya, Selangor
41-A, 41-B dan 41-C,
47100 Puchong, Selangor Tel : [phone]
Lintang Angsana, Bandar Baru Air
Tel : [phone] Fax : [phone] Itam, 11500 Pulau Pinang
Fax : [phone] Tel : [phone]
USJ Taipan Fax : [phone]
Kajang Tingkat 3, 1A-D,
No. 37, Jalan Semenyih, Jalan USJ 10/1A, Sungai Bakap
43000 Kajang, Selangor Pusat Perniagaan USJ 10, 834, Tingkat Bawah dan Tingkat Satu,
Tel : [phone], UEP Subang Jaya, Selangor 835, Tingkat Satu, Jalan Besar,
Fax : [phone] Tel : [phone] Sungai Bakap, 14200 Sungai Jawi
Fax : [phone] SPS, Pulau Pinang
Tel : [phone]
Fax : [phone]
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OSK INvESTMENT bANK bERhAd
ANNUAL REPORT 2012
Perlis Region Teluk Intan Johor Region
No. 17, Jalan Intan 2,
Kangar Batu Pahat
Bandar Baru,
Tingkat Bawah & Tingkat Satu,  53,53-A dan 53-B,
36000 Teluk Intan, Perak
No. 39, Taman Suriani, Jalan Sultanah,
Tel : [phone]
Persiaran Jubli Emas, 83000 Batu Pahat, Johor
Fax : [phone]
01000 Kangar, Perlis Tel : [phone]
Tel : [phone] Fax : [phone]
Melaka Region
Fax : [phone]
Melaka
Johor Bahru
Perak Region 579, 580 dan 581, Tingkat 6, Wisma Tiong-Hua,
Taman Melaka Raya,
Ipoh 8, Jalan Keris, Taman Sri Tebrau,
75000 Melaka
21-25, Jalan Seenivasagam, 80050 Johor Bahru, Johor
Tel : [phone]
Greentown, 30450 Ipoh, Perak Tel : [phone]
Fax : [phone]
Tel : [phone] Fax : [phone]
Fax : [phone]
Negeri Sembilan Region
Kluang
Kampar Bahau Tingkat Bawah dan Tingkat Satu,
Tingkat Bawah dan Tingkat Satu, Tingkat Satu & Tingkat Dua, No. 40, Jalan Haji Manan,
No. 72, Jalan Idris, No. 168, Jalan Mewah 86000 Kluang, Johor
31900 Kampar, Perak (Pusat Perniagaan UMNO Tel : [phone]
Tel : [phone] Bahagian Jempol), Fax : [phone]
Fax : [phone] Bahau, Negeri Sembilan
Tel : [phone] Kulai
Parit Buntar Fax : [phone] Tingkat Bawah, Tingkat Satu & Tingkat
Tingkat Bawah dan Tingkat Satu, Dua, No. 10, Jalan Anggerik 1,
No. 2, Jalan Wawasan 4, Port Dickson Taman Kulai Utama,
Taman Wawasan, Tingkat Bawah & Tingkat Mezanin, 81000 Kulai, Johor
34200 Parit Buntar, Perak No. 346 & 347, Batu ½ Jalan Pantai, Tel : [phone]
Tel : [phone] Port Dickson, Negeri Sembilan
Fax : [phone]
Fax : [phone] Tel : [phone]
Fax : [phone]
Labis
Sitiawan
No. 2, Tingkat 1, Jalan Makmur,
Tingkat Bawah dan Tingkat Satu, Seremban
Taman Sri Aman,
No. 23 & 25, Jalan Lumut, Tingkat Bawah, Tingkat 1 & Tingkat 2,
85300 Labis, Johor
32000 Sitiawan, Perak No. 32 & 33, Jalan Dato’ Bandar
Tel : [phone]
Tel : [phone] Tunggal, 70000 Seremban,
Fax : [phone]
Fax : [phone] Negeri Sembilan
Tel : [phone]
Muar
Taiping Fax : [phone]
No. 33-1, Tingkat 1 & Tingkat 2
Tingkat Bawah,
(Unit Penjuru), Jalan Ali,
No. 40, 42 & 44, Tampin
84000 Muar, Johor
Jalan Berek, Tingkat Satu, No. 3601, Jalan Besar,
Tel : [phone]
34000 Taiping, Perak 73000 Tampin, Negeri Sembilan
Fax : [phone]
Tel : [phone] Tel : [phone]
Fax : [phone] Fax : [phone]
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OSK INvESTMENT bANK bERhAd
ANNUAL REPORT 2012
Corporate Information
As At 22 March 2013
Segamat Cameron Highlands Terengganu Region
Tingkat Bawah, Tingkat 1 & Tingkat 2, Tingkat Bawah dan
Kemaman
No.3, Jalan Susur Utama 2/1, Tingkat Satu, No. 76-A,
Tingkat Bawah & Tingkat Satu,
Taman Utama, 85000 Segamat, Johor Persiaran Camelia 4, Tanah Rata,
9651, Cukai Utama,
Tel : [phone] Cameron Highlands, Pahang
Jalan Kubang Kurus,
Fax : [phone] Tel : [phone]
24000 Kemaman, Terengganu
Fax : [phone]
Tel : [phone]
Sutera Utama
Fax : [phone]
Tingkat Bawah dan Tingkat Satu, Kuantan
No. 119 dan 121, Jalan Sutera B32 & B34,
Kuala Terengganu
Tanjung 8/2, Taman Sutera Utama, Lorong Tun Ismail 8,
31A, Tingkat Bawah, 31A & 31B
81300 Skudai, Johor Seri Dagangan II,
Tingkat 1, Jalan Sultan Ismail,
Tel : [phone] Kuantan, Pahang
20200 Kuala Terengganu, Terengganu
Fax : [phone] Tel : [phone]
Tel : [phone]
Fax : [phone]
Fax : [phone]
Taman Molek
Tingkat Bawah, Tingkat 1 dan Kedah Region Kelantan Region
Tingkat 2, No. 21 dan 23, Alor Setar
Kota Bharu
Jalan Molek 1/30, Taman Molek, 214-A, 214-B, 215-A dan 215-B,
No. 3953-H, Tingkat Bawah &
81100 Johor Bahru, Johor Medan Putra, Jalan Putra,
Tingkat Satu, PT 225,
Tel : [phone] Alor Setar, Kedah
Jalan Kebun Sultan,
Fax : [phone] Tel : [phone]
15350 Kota Bharu, Kelantan
Fax : [phone]
Tel : [phone]
Tangkak
Fax : [phone]
Tingkat Bawah, Tingkat 1 & Tingkat 2, Kulim
No. 343, Jalan Muar, Tingkat Bawah dan Tingkat 1,
Sarawak Region
84900 Tangkak, Johor 35, Jalan Suria 1, Jalan Bayu,
Tel : [phone] Kulim, Kedah Bintulu
Fax : [phone] Tel : [phone] Tingkat Bawah dan Tingkat 1,
No. 221, Parkcity Commerce Square,
Fax : [phone]
Yong Peng (EAF) Phase III, Jalan Tun Ahmad Zaidi,
No. 240A, Jalan Besar, Sungai Petani 97000 Bintulu, Sarawak
83700 Yong Peng, Johor No. 112, Jalan Pengkalan,  Tel : [phone]
Tel : [phone] Taman Pekan Baru, Fax : [phone]
Fax : [phone] Sungai Petani, Kedah
Kuching
Tel : [phone]
Pahang Region Fax : [phone] Lot 170 & 171, Section 49,
K.T.L.D., Jalan Chan Chin Ann,
Bentong
93100 Kuching, Sarawak
Tingkat Bawah dan Tingkat Satu,
Tel : [phone]
98 Jalan Pasdec,
Fax : [phone]
28700 Bentong, Pahang
Tel : [phone]
Fax : [phone]
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OSK INvESTMENT bANK bERhAd
ANNUAL REPORT 2012
Miri OSKIb INTERNATIONAL bRANCh OSK Indochina bank Limited
Tingkat Dua, Lot 1268 dan Lot 1269, (Cambodia branches)
Singapore branches
Centre Point Commercial Centre,
Phnom Penh Main Office
Jalan Melayu, 98000 Miri, Sarawak DMG & Partners Securities Pte Ltd
No. 263, Ang Duong Street (St. 110),
Tel : [phone] Collyer Quay, #09-08,
Sangkat Wat Phnom,
Fax : [phone] Ocean Financial Centre,
Khan Daun Penh,
Singapore 049315
Phnom Penh, Cambodia
Sarikei Tel : [phone]
Tel : [phone]
Tingkat Bawah dan Tingkat Satu, Fax : [phone]
Tel : [phone]
No. 10, Jalan Bersatu,
96100 Sarikei, Sarawak OSK International Asset Management
Battambang
Pte. Ltd
Tel : [phone] 
No. 1 - 3 - 5 - 7,
10 Collyer Quay, #09-08,
Fax : [phone] Street No. 3, Kamakor Village, Svay
Ocean Financial Centre,
Por Commune, Battambang City,
Singapore 049315
Sibu Battambang Province, Cambodia
Tel : [phone]
No. 102, Pusat Pedada, Tel : [phone]
Fax : [phone]
Jalan Pedada, Fax : [phone]
96000 Sibu, Sarawak
hong Kong & China branches
Tel : [phone] City Mall Olympic
OSK Holdings Hong Kong Limited
Fax : [phone] Lot A3E0, Ground Floor,
12th Floor, World Wide House,
City Mall Olympic, Monireth Street,
19 Des Voeux Road Central,
Sabah Region Sangkat Veal Vong, Khan 7 Makara,
Hong Kong
Phnom Penh, Cambodia
Kota Kinabalu Tel : [phone]
Tel : [phone]
Tingkat 5, Wisma BSN Sabah, Fax : [phone]
Fax : [phone]
Jalan Kemajuan, Karamunsing,
88000 Kota Kinabalu, Sabah OSK Capital Hong Kong Ltd
Kampong Cham
Tel : [phone]th Floor, World Wide House,
No. 41, National Road No. 7,
Fax : [phone] Des Voeux Road Central,
Phum I, Sangkat Veal Vong,
Hong Kong
Kampong Cham City,
Lintas Tel : [phone] Kampong Cham Province, Cambodia
Lot 14-0, Tingkat Bawah, Fax : [phone] Tel : [phone]
Lorong Lintas Plaza 2, Lintas Plaza, Fax : [phone]
Off Jalan Lintas, OSK (China) Investment Advisory Co
88300 Kota Kinabalu, Sabah Ltd China Kbal Thnal
Suites 4005, 40/F, CITIC Square,
Tel : [phone] No. 530A - 530B,
1168 Nanjing West Road,
Fax : [phone] Monivong Blvd.
Shanghai 200041, China
(Junction of Street 271),
Tel : [phone]
Sandakan Sangkat Tonle Bassac, Khan
Fax : [phone]
Tingkat Bawah, Block 2, Lot 4 & Lot Chamkarmon, Phnom Penh, Cambodia
5, Bandar Indah, Batu 4, North Road, Tel : [phone]
91000 Sandakan, Sabah Fax : [phone]
Tel : [phone]
Fax : [phone]
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OSK INvESTMENT bANK bERhAd
ANNUAL REPORT 2012