Annual Report

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Annual Report 2011

SILVER BIRD GROUP BERHAD
(277977-X)

Silver Bird Group Berhad

CONTENTS
Corporate Structure Corporate Information Chairman’s Statement Directors’ Profile Statement on Corporate Governance Audit Committee Report Syariah Panel’s Report Statement on Internal Control Statement of Directors’ Responsibility in Respect to the Preparation of the Financial Statements Financial Statements StatutoryDeclaration •Directors’Report •StatementbyDirectors •IndependentAuditors’Report •StatementsofFinancialPosition •StatementsofComprehensiveIncome •StatementsofChangesinEquity •StatementsofCashFlows •NotestotheFinancialStatements 27 28 32 33 36 38 40 42 44 91 95 96 enclosed 2 3 4 6 11 18 22 24 26

AnalysisofOrdinaryShareholdingsandWarrants NoticeofAnnualGeneralMeeting StatementAccompanyingNoticeofAnnual GeneralMeeting Proxy Form

Annual Report 2011

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Silver Bird Group Berhad

CORPORATESTRUCTURE(OPERATINGSUBSIDIARIES)

SilverBirdGroupBerhad

100%

100%

100%

Stanson Group SdnBhd

Standard ConfectionerySdnBhd

SilverBird InternationalSdnBhd

100%

100%

100%

SilverBird Foods (S) Pte. Ltd.

Stanson Marketing SdnBhd

Stanson Bakeries SdnBhd

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Annual Report 2011

Silver Bird Group Berhad

CORPORATEINFORMATION
BOARD OF DIRECTORS Dato’ Dr Gan Khuan Poh (Chairman/Independent Non-Executive Director) Dato’JacksonTanHanKook (Group Managing Director) ChingSiewCheong (Group Executive Director) LimHockChye (Independent Non-Executive Director) RichardGeorgeAzlanBinAbas (Independent Non-Executive Director) Dato’SeriTalaatBinHusain (Independent Non-Executive Director) PeterJohnMcLoghlin (Non-Independent Non-Executive Director) Dato’LeeKokChuan (Non-Independent Non-Executive Director) AdiAzuanBinAbdulGhani (Non-Independent Non-Executive Director) Vanda Russell Gould (Non-Independent Non-Executive Director) (Alternate Director to Peter John McLoghlin) AUDIT COMMITTEE RichardGeorgeAzlanBinAbas LimHockChye Dato’LeeKokChuan SYARIAH PANEL DatukAbuHasanDinAlHafiz Dato’HjKamaruddinBinHjZakaria Prof.DrSitiSalwaniRazali Dato’SeriTalaatBinHusain COMPANY SECRETARY Lee Suet Yin (MAICSA7057807) REGISTERED OFFICE SilverBirdComplex Lot72,PersiaranJubliPerak Seksyen21,40300ShahAlam SelangorDarulEhsan Tel: 03-51922888 Fax: 03-51924293 Email: investor@stanson-high5.com Website: www.silverbird.com.my AUDITORS CroweHorwath Level16,TowerC MeganAvenueII 12JalanYapKwanSeng 50450 Kuala Lumpur PRINCIPAL BANKERS MalayanBankingBerhad UnitedOverseasBank(M)Berhad RHBBankBerhad SHARE REGISTRAR BerjayaRegistrationServicesSdnBhd Lot06-03,Level6(EastWing) BerjayaTimesSquare No.1JalanImbi 55100 Kuala Lumpur Tel: 03-21450533 Fax: 03-21459702 STOCK EXCHANGE LISTING MainBoardofBursaSecurities WEBSITE www.silverbird.com.my Chairman Member Member Chairman Member Member Member

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Chairman Member Member

NOMINATION COMMITTEE Dato’ Dr Gan Khuan Poh RichardGeorgeAzlanBinAbas Dato’SeriTalaatBinHusain

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Chairman Member Member

REMUNERATION COMMITTEE LimHockChye PeterJohnMcLoghlin RichardGeorgeAzlanBinAbas

Annual Report 2011

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Silver Bird Group Berhad

CHAIRMAN’SSTATEMENT On behalf of the Board of Directors, I present to you the Annual Report that includes the Audited Financial StatementsofSilverBirdGroupBerhadforthefinancialyear ended 31 October 2011. Highlights Theglobaleconomycontinuedtobeconfrontedbyanumberofchallenges.Continuinguncertaintiesinfinancialmarkets includingratingsdowngradeofbanksandrisksofOECDcommodities,unfavourablefiscalconditionsandweaknessesin labourmarketsintheadvancedeconomiescontinuedtoposeriskstogrowthoftheemergingeconomies,likeMalaysia. Despite the challenging environment, it is...
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