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(A) Type Of Business Conducted By The Company.

Genting Plantation Berhad which is formerly known as Asiatic Development Berhad
started business by acquisition of the Rubber Trust Group which owed around 13,700
hectares of plantation land in Peninsular Malaysia on April 1980. Basically, the
company is emphasizing on plantation, property, and biotechnology. The company
owes thousands hectares of oil palm plantation. In the year 1985, by recognizing the
scarcity of land in Peninsular Malaysia, Genting Group started to expand their
business into Sabah. At present, Genting plantation owns 6 oil mills, one in Peninsular
Malaysia and the others in Sabah. 1 of the oil palm plantations is located in Selangor
and Sarawak, 2 plantation locations in Malacca and Indonessia, 3 locations in Kedah,
4 locations in Johor Bharu, and 12 locations in Sabah.
While plantation business remains the core activity, Genting Plantations has
since ventured into property development with the objectives to unlock the potential
of its strategically located land bank and to reduce its dependence on single source
income. The first project is the 55-hectare Genting Cheng Perdana in Central Melaka.
Genting Permaipura project in late 1994 which involves 284-hectare land, a club
house, The Genting Permaipura Golf & Country Club, Genting Indahpura, the
development of about 3200 hectares of plantation land in kulai, johor into a self-
contained township were some projects that were successfully done by Genting
Plantations Berhad.
Genting Plantation is actively involved in environmental conservation and
committed to sustainable development of oil palm cultivation. Since 1999, Genting
Plantations has collaborated with World Wide Fund for Nature in support of its
programme to conserve the Kinabatangan floorplains aimed at rehabilitating and
restoring riverine and wetland habitats as wildlife sanctuary and preservation of
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biodiversity. Genting Plantation Berhad has extended its partnership with WWF for
another 15 years from 2006 in the programme.
(B) Type Of Organization Corpotation.
Genting Plantations Berhad is organized under Company Law as a separate legal
entity. Genting plantations Berhad with its own legal rights and obligations, separate
and distinct from those of its members .The company's property is its own and is not
treated as belonging to the company's shareholders and directors. The company itself
can enter into contracts, employ people, sue and be sued and can be liable if it
commits criminal offences. Genting Plantations Berhad pay taxes in its own name.
Advantages:
a) Continuity
Since Genting Plantations Berhad is a separate legal entity, the company keeps going
indefinitely, regardless of who owns or directs it. This can be an advantage where
ownership or control is going to change.
b) The floating charge
Genting Plantations Berhad is allow to create floating charge. A floating charge is a
mortgage of (usually) all the company's assets, both present and future, and on terms
that the company may deal with the assets in the ordinary course of business. It is a
good way, and in practice the only way, of using the assets of a business other than
the premises as security for a loan.
c) Owner Protection from Legal Liability
Genting Plantations Berhad has a limited amount of legal liability for the
corporation's business activities and debts. If Genting Plantations Berhad does
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become insolvent, the people running it can be made personally liable for some or all
its debts if they have incurred debts which they knew the company could not pay .
Disadvantages:
a) Privacy
As a registered company, Genting Plantations Berhad has to send information about
itself to Companies House, where it is put on public file. Anybody can request a copy
of the file and so can look up all the registered details of the company. Information
from Companies House is increasingly being made available on-line. The information
includes a copy of the annual accounts and details of the company's directors,
including share ownerships, other directorships, home addresses. For an example,
Some people do not like this amount of information being publicly available.
b) Taxation
Since Genting Plantations Berhad is a registered company, it subject to a different tax
structure (corporation tax) from sole traders or partnerships. The choice of structure
can make a substantial difference to the amount of tax paid on the same trading profits.
Besides that, the profit earn by Genting Plantations Berhad will be double taxed every
single year.
(C) Three Accounting Concept Applied By The Company.
In the Annual Report 2010, Genting Plantations Berhad applied the money
measurement accounting concepts for every financial report. Money measurement is
used money as the basic measuring unit for financial reporting. For example, Genting
Plantations Berhad used monetary terms in their financial statement.
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Second, Genting Plantations Berhad also applied accounting period
accounting concepts in their financial report. Accounting period is the life of a
business is divided into units of equal length for the purpose of preparing financial
reports. The concepts can enable comparisons and analysis of the businesss financial
position over a period of time. The accounting period of Genting Plantations Berhad
used in the Annual Report 2010 is 1 year. Genting Plantations Berhad prepares annual
report from 1 January until 31 December every year.
The last accounting concept applied by Genting Plantations Berhad in the
financial statement is materiality. The concepts that trivial matters are to be
disregarded in accounting and all important matters are to be disclosed or show to
public. Genting Plantations Berhad record all the amount of their financial statement
in annual report every year and show the annual report to shareholder of Genting
Plantations Berhad. They only record important matters in annual report such as total
revenue, investment and total equity and liabilities.











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(D)Analyze the company performance
Statement Of Comprehensive Income As At 31 December 2010.

The statement of comprehensive income for company Genting Plantation Berhad in
year 2010 is better than year 2009 compare between year 2010 and year 2009 from
the group of the Genting Plantation Berhad. According from the latest annual report,
the comprehensive income for Genting Plantation Berhad in year 2010 is RM371,334
and in year 2009, the comprehensive income is RM257,514. From year 2009 to year
2010, the comprehensive income for this company is increases by RM 113,820. This
is causing by some reason. First reason is the available-for-sale financial assets, the
available-for-sale financial assets increases because year 2009 no anymore for the
available-for-sale financial assets compare with year 2010, 2010 have RM40,679.For
other reason is the Foreign currency translation differences, because the Foreign
currency translation differences are decreases with RM2,683.It is decreases from
RM19,544 to RM 16861.Third reason for why the other comprehensive income for
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the financial year, net of tax will increase percentage for Genting Plantation Berhad. It
is increase almost 141.13% from the year 2009(RM19,544) to the year
2010(RM47,127).
Statement Of Financial Position For The Year Ended 31 DECEMBER 2010.

The assets for company Genting Plantation Berhad is increases from RM 1,690,687 to
RM2,413,135. The assets are increases by RM722,448(42.73%). For the non-current
assets, the assets are increases because year 2010 no anymore for investment assets
compare with year 2009, year 2009 have RM32,118. For the current assets, the first
reason is the trade and receivables because the assets from year 2009, 99,719
increases until RM129,601 in year 2010. The next reason is the cash and cash
equivalents are increases. They are increases almost from RM532,493 to RM755,692
from the 2009 to year 2010.In liabilities, deferred tax liabilities is increase from
RM36,972 to RM47,640.Trade and other payables also are one of the other reason. It
is increases from RM103,942 to RM178,683.And the other reason is Taxation . It is
increases from RM728 to RM 21,506.
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(E) Conclusion
In our group opinion, were interested to invest in Genting Plantation Berhad
due to several reason. Genting Plantation Berhad also is one of the Bursa Malaysias
largest companies and which is highly potential to get the profit that will able to
attract more invester including us.
First and formost, Genting Plantation Berhad has started business by
acquisition of the Robber Trust Group . Were interested to invest in because their
company owns thousands hectares of oil palm plantation , they expand their business
to other places for example Sabah , Sarawak , Melaka and Indonesia that can improve
this company to have more money more profit and income from other places.
Moreover, their company consists of one advantages which is Owner
Protection from Legal Liability. Genting Plantations Berhad has a limited amount of
legal liability for the corporations business activities and debts . If Genting Plantation
Berhad does become insolvent , the people running it can be made personally liable
for some or all its debts if they have incurred debts which they know the company
could not pay.
Furthermore , with the statement of comprehensive income that stated on 31
December 2010, we can know that the profit for the financial year is increase about
US 86,237 and the interests also increase . The company have a condition to expand
or continues their business more better in the future .
Lastly , statement of financial position for the year ended 31 December
2010 ,the report is recorded that the asset is increase and the total equity and liabilities
also increase . This report makes me more confident to this company which is a very
good organization and the system is transparent .
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In a nutshell , Genting Plantation Berhad is a company that has planned and
good management to their company. Several reason that has shown above are making
us to confident in investing.