Page 5 - Annual Report 2008
P. 5
2008
AnnuAl RepoRt Laporan Tahunan
ChairmaN’S STaTEmENT
IntRoduCtIon
On behalf of the Board, it is my pleasure to present the Annual Report for the
financial year ended 31 December 2008.
FInAnCIAl ReVIeW
The Board sustained growth on water sales at 2%, from the previous year of
RM20.58 million to RM21.02 million. The other operating revenue however
recorded only RM5.28 million, a decrease of 3.8% from RM5.48 million in
2007.
With the rising cost, our operating expenditure for the year increased by 6.4%
or RM1.10 million, from RM17.24 million in 2007 to RM18.34 million in 2008.
There was an increase of RM0.29 million in depreciation, which amounted to
RM9,47 million for the year.
The overall financial performance for the year had thus declined significantly with net loss after tax increasing by
RM1.15 million to RM1.51 million in 2008.
The Board had been highly dependant on soft loan from the government for its development projects, and at the end
of 2008, the long term serviceable loans have accumulated to RM108.86 million.
pRoduCtIon And ConSuMptIon
The Board produced a total of 35,028 megalitres (ML) of fully treated water in the year compared to 35,191ML the
previous year, a decrease of 0.46%. During the year, the maximum daily production recorded by the Board was
105.31ML as against the minimum of 86.88ML.
The total number of active services had increased from 51.545 in 2007 to 53,826 at the end of 2008, an increase of
4.4%.
The consumption rose by 2.7% in the year, from 25,126ML the previous year to 25,800ML in 2008.
deVelopMent And IMpRoVeMent pRoGRAMMeS
Development Projects
In tandem with the increasingly water demand, the construction of Salim Treatment Plant Phase II with a scheme
value of RM73.5 million had commenced since 2007 and the Board had spent RM30 million on the project in 2008.
This project is expected to be commissioned in 2009 and will ensure sufficient capacity to meet the water demand
of Sibu District up to 2020.
To further improve the reliability of water supply at Stabau/Durin area, the Proposed Upgrading Works at Stabau
Booster Station costing RM1.1 million had commenced in 2007 and was completed at the beginning of 2009.
Non Revenue Water (NRW)
With the completion of three (3) projects on renewal of pipelines which commenced in the previous years, the Board
is now focusing on a holistic approach to tackle NRW. Based on a programme endorsed by the Board, a full time
NRW Unit had been set up. The staff went through a series of training and visits; District Metering Zones (DMZ)
were identified and rescheduling of meter reading zones which started some years ago was intensified; equipments
for leak detection and monitoring purposes were purchased in phases; and a tender had been awarded for upgrading
of the existing Telemetry System. The NRW was reduced by 2% from 28.3% in 2007 to 26.3% in 2008.
Modernisation
The Streaming Current Monitors (SCM) installed at Salim Treatment Plant enabled automated and optimal dosing
of coagulants. Apart from producing more consistent quality water, the savings generated enabled the initial
investment to be recovered within a year. They were now installed at Bukit Lima Treatment Plant also.
2
AnnuAl RepoRt Laporan Tahunan
ChairmaN’S STaTEmENT
IntRoduCtIon
On behalf of the Board, it is my pleasure to present the Annual Report for the
financial year ended 31 December 2008.
FInAnCIAl ReVIeW
The Board sustained growth on water sales at 2%, from the previous year of
RM20.58 million to RM21.02 million. The other operating revenue however
recorded only RM5.28 million, a decrease of 3.8% from RM5.48 million in
2007.
With the rising cost, our operating expenditure for the year increased by 6.4%
or RM1.10 million, from RM17.24 million in 2007 to RM18.34 million in 2008.
There was an increase of RM0.29 million in depreciation, which amounted to
RM9,47 million for the year.
The overall financial performance for the year had thus declined significantly with net loss after tax increasing by
RM1.15 million to RM1.51 million in 2008.
The Board had been highly dependant on soft loan from the government for its development projects, and at the end
of 2008, the long term serviceable loans have accumulated to RM108.86 million.
pRoduCtIon And ConSuMptIon
The Board produced a total of 35,028 megalitres (ML) of fully treated water in the year compared to 35,191ML the
previous year, a decrease of 0.46%. During the year, the maximum daily production recorded by the Board was
105.31ML as against the minimum of 86.88ML.
The total number of active services had increased from 51.545 in 2007 to 53,826 at the end of 2008, an increase of
4.4%.
The consumption rose by 2.7% in the year, from 25,126ML the previous year to 25,800ML in 2008.
deVelopMent And IMpRoVeMent pRoGRAMMeS
Development Projects
In tandem with the increasingly water demand, the construction of Salim Treatment Plant Phase II with a scheme
value of RM73.5 million had commenced since 2007 and the Board had spent RM30 million on the project in 2008.
This project is expected to be commissioned in 2009 and will ensure sufficient capacity to meet the water demand
of Sibu District up to 2020.
To further improve the reliability of water supply at Stabau/Durin area, the Proposed Upgrading Works at Stabau
Booster Station costing RM1.1 million had commenced in 2007 and was completed at the beginning of 2009.
Non Revenue Water (NRW)
With the completion of three (3) projects on renewal of pipelines which commenced in the previous years, the Board
is now focusing on a holistic approach to tackle NRW. Based on a programme endorsed by the Board, a full time
NRW Unit had been set up. The staff went through a series of training and visits; District Metering Zones (DMZ)
were identified and rescheduling of meter reading zones which started some years ago was intensified; equipments
for leak detection and monitoring purposes were purchased in phases; and a tender had been awarded for upgrading
of the existing Telemetry System. The NRW was reduced by 2% from 28.3% in 2007 to 26.3% in 2008.
Modernisation
The Streaming Current Monitors (SCM) installed at Salim Treatment Plant enabled automated and optimal dosing
of coagulants. Apart from producing more consistent quality water, the savings generated enabled the initial
investment to be recovered within a year. They were now installed at Bukit Lima Treatment Plant also.
2
