Tnb Annual Report 2012

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keeping the lights on

YOU SEE

www.tnb.com.my

Tenaga Nasional Berhad No. 129, Jalan Bangsar, 59200 Kuala Lumpur Tel: 603 2180 4582 Fax: 603 2180 4589 Email: cosec@tnb.com.my

Annual Report 2012 Tenaga Nasional Berhad
200866-W

annual report 2012

WE SEE...

OUR COMMITMENT TO THE NATION

K E E P I N G

T H E

LIGHTS ON

INSIDE
TO BE AMONG THE LEADING CORPORATIONS IN ENERGY AND RELATED BUSINESSES GLOBALLY WE ARE COMMITTED TO EXCELLENCE IN OUR PRODUCTS AND SERVICES VISION

what’s

4 7 9 10 11 14 15 16 22 33 34 35 36

Notice of the 22nd Annual General Meeting Appendix I Statement Accompanying Notice of the 22nd Annual General Meeting Financial Calendar Investor Relations Share Performance Facts at a Glance Chairman’s Letter to Shareholders President/CEO’s Review Key Highlights Key Financial Highlights Five-Year Group Financial Summary Five-Year Group Growth Summary

MISSION

KEEPING THE LIGHTS ON

Corporate Framework

Operations Review
135 Core Businesses 136 Generation 142 Transmission 146 Distribution 153 Non-Core Businesses 154 New Business & Major Projects 160 Group Finance 163 Planning 168 Corporate Affairs & Services 175 Procurement Other Services 179 Sabah Electricity Sdn. Bhd. 184 Legal Services Department 186 Productivity and Quality Management (PQM) 188 National Grid

1 2 3 4

40 42 44 46 47 51 54 56 62

About Us Corporate Information Group Corporate Structure Organisational Structure Awards & Recognition Key Past Awards Media Highlights Calendar of Events Milestones Over 60 Years

5

Performance Review
72 73 74 75 76 77 78 Simplified Group Statement of Financial Position Group Quarterly Financial Performance Statement of Value Added Distribution of Value Added FY2012 Core Revenue Operational Statistics Group Financial Review

Key Initiatives
192 Towards Greater Innovation 196 Human Capital Development Towards Business Expansion 200 Occupational Safety and Health 202 Commitment to the Environment 206 Corporate Social Responsibility

Leadership
82 84 90 91 92 94 Board of Directors Profile of Directors Group Executive Council Committee – GECC Energy Supply Committee – ESC Group Executive Management Committee – GEMC Profile of Management Team

6 7

Financial Statements
217 Financial Statements

Other Information
368 Analysis of Shareholdings 371 Net Book Value of Land & Buildings 372 Group Directory Proxy Form

Accountability
102 116 120 123 125 Statement of Corporate Governance Statement of Internal Control Board Audit Committee Report Statement on Internal Audit Function Terms of Reference of The Board Audit Committee 129 Enterprise Wide Risk Management (EWRM)

An n u a l R e port 2 0 1 2

TENAGA NASIONAL BERHAD

(200866-W)

4

Notice of the nd Annual General Meeting
NOTICE IS HEREBY GIVEN THAT the Twenty-Second Annual General Meeting (“22nd AGM”) of Tenaga Nasional Berhad (“TNB”) will be held on Tuesday, 18 December 2012 at 10.00 a.m. at Dewan Serbaguna, Kompleks Sukan TNB, Jalan Pantai Baru, 59200 Kuala Lumpur to transact the following businesses:

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(ii)

Dato’ Abd Manaf bin Hashim Ordinary Resolution 5

8.

Proposed Offer and Grant of Options to Datuk Wira Ir. Azman bin Mohd. “THAT the Board be and is hereby authorised to, at any time and from time to time, offer and grant to Datuk Wira Ir. Azman bin Mohd, President/ Chief Executive Officer of TNB, options pursuant to ESOS II to subscribe for up to 1,200,000 TNB Shares subject always to such terms, conditions and/or any adjustments which may be made under the provisions of the Bye-Laws of ESOS II as approved at the EGM of the Company held on 29 May 2003.” Ordinary Resolution 11

(iii) Datuk Wira Ir. Azman bin Mohd Ordinary Resolution 6 5. To re-appoint the following Directors who retire in accordance with Section 129 (6) of the Companies Act, 1965 (“Act”) to hold office until the conclusion of the next Annual General Meeting (“AGM”): (i) (ii) Tan Sri Leo Moggie...
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