Page 2 - AnnualReport2014
P. 2
Chairman’s statement
inTroduCTion
I have the pleasure of presenting the Board’s Annual Report for the
inancial year ending 31 December 2014
FinanCiaL rEViEW
The Board’s water sales had increased by 2.81%, from the previous
year of RM26.07 million to RM26.80 million, and the other operating
revenue had increased to RM7.85 million against the previous year of
RM6.82 million.
The total operating expenditure including the depreciation expenses
for the year had increased by 5.86% or RM2.14 million from RM36.42
million in 2013 to RM38.56 million in 2014. The depreciation expenses
had increased to RM13.65 million from the previous year of RM12.97
million, against an increase in the Fixed Assets by RM1.58 million,
mainly for works on new services, renewal programme, headwork
improvement and acquisition of IT, and NRW related equipments,
among others. There was a net increase on the non-depreciation
expenses to RM24.90 million from RM23.46 million in 2013, or by
6.16%. The cost of Production and Distribution had increased by
7.18% and 7.44%, respectively. The net loss for the year was
RM3.91 million. A grant of RM2 million was received from the State
Government in 2013 as management fee for implementing Tanjung
Manis Water Supply Phase I.
The Board had been highly dependent on soft loan from the government
for its development projects, and at the end of the year, serviceable
term loans have accumulated to RM145.45 million.
ProduCTion and ConsuMPTion
The Board produced a total of 46,803 megalitres (ML) of fully treated
water in the year compared to 47,584 ML the previous year, a decrease
of 1.65%. The average daily production decrease to 128.228 ML from
130.31 ML the previous year, with the maximum daily production
recorded at 141.802 ML as against the minimum of 110.311 ML.
With a 4.01% increase in the number of active services, from 61,762 in
2013 to 64,093 at the end of 2014; the revenue for the year increased to
32,543 ML from 31,729 ML the previous year, equivalent to an increase
of 4%.
2
inTroduCTion
I have the pleasure of presenting the Board’s Annual Report for the
inancial year ending 31 December 2014
FinanCiaL rEViEW
The Board’s water sales had increased by 2.81%, from the previous
year of RM26.07 million to RM26.80 million, and the other operating
revenue had increased to RM7.85 million against the previous year of
RM6.82 million.
The total operating expenditure including the depreciation expenses
for the year had increased by 5.86% or RM2.14 million from RM36.42
million in 2013 to RM38.56 million in 2014. The depreciation expenses
had increased to RM13.65 million from the previous year of RM12.97
million, against an increase in the Fixed Assets by RM1.58 million,
mainly for works on new services, renewal programme, headwork
improvement and acquisition of IT, and NRW related equipments,
among others. There was a net increase on the non-depreciation
expenses to RM24.90 million from RM23.46 million in 2013, or by
6.16%. The cost of Production and Distribution had increased by
7.18% and 7.44%, respectively. The net loss for the year was
RM3.91 million. A grant of RM2 million was received from the State
Government in 2013 as management fee for implementing Tanjung
Manis Water Supply Phase I.
The Board had been highly dependent on soft loan from the government
for its development projects, and at the end of the year, serviceable
term loans have accumulated to RM145.45 million.
ProduCTion and ConsuMPTion
The Board produced a total of 46,803 megalitres (ML) of fully treated
water in the year compared to 47,584 ML the previous year, a decrease
of 1.65%. The average daily production decrease to 128.228 ML from
130.31 ML the previous year, with the maximum daily production
recorded at 141.802 ML as against the minimum of 110.311 ML.
With a 4.01% increase in the number of active services, from 61,762 in
2013 to 64,093 at the end of 2014; the revenue for the year increased to
32,543 ML from 31,729 ML the previous year, equivalent to an increase
of 4%.
2
