ASSEMBLING
FUTURE OF
EXCELLENCE
Contents
ASSEMBLING
FUTURE OF
EXCELLENCE
As one of the key players in Electronics Manufacturing industry along with its plantation division, Scope Industries Berhad assembles each key sectors of its business to achieve a great future. Connecting with its partners, together follow on the right path enables the Company to reach greater position, setting itself ready for the next elevation towards excellent.
- Corporate Information
- Financial Highlights
- History, Principal Activities and Group Structure
- Management Discussion and Analysis
9 Sustainability Statement
12 Profile of Directors
- Profile of Key Senior Management
- Corporate Governance Overview Statement
25 Additional Information
28 Statement on Risk Management and Internal Control
30 Audit Committee Report
32 Directors' Report
- Directors' Statement and Statutory Declaration
- Independent Auditors' Report to the Members
- Statements of Financial Position
- Statements of Comprehensive Income
- Consolidated Statement of Changes in Equity
- Statement of Changes in Equity
- Statements of Cash Flow
50 Notes to the Financial Statements
106 Notice of Annual General Meeting
- Statement Accompanying Notice of Annual General Meeting
- List of Properties
113 Analysis of Shareholdings
115 Analysis of Warrant Holdings
Enclosed Proxy Form
2 | Scope Industries Berhad |
Corporate Information
Directors
Lee Min Huat
(Executive Chairman)
Lim Chiow Hoo
(Managing Director)
Lim Ee Tatt
(Non-IndependentNon-Executive Director)
Hsu, Ching-Chen
(Non-IndependentNon-Executive Director)
Tan Poh Heng
(Senior Independent Non-Executive Director)
Company Secretaries
Chee Wai Hong (BC/C/1470)
SSM PC No. 202008001804
Tan She Chia (MAICSA 7055087)
SSM PC No. 202008001923
Audit Committee
Law Kim Fatt (Chairman)
Tan Poh Heng
Lim Ee Tatt
Remuneration Committee
Tan Poh Heng (Chairman)
Lim Ee Tatt
Law Kim Fatt
Nomination Committee
Tan Poh Heng (Chairman)
Law Kim Fatt
Registered Office
48, Jalan Chow Thye
10050 George Town
Pulau Pinang
Tel: 04-226 2188
Business Address
Lot 6181 Jalan Perusahaan 2
Kawasan Perindustrian Parit Buntar
34200 Parit Buntar, Perak
Tel: 05-716 9605
Fax: 05-716 6606
Law Kim Fatt
(Independent Non-Executive Director)
Tan Choon Heong
(Executive Director)
(Resigned on 7 February 2022)
Yee Wei Meng
(Non-IndependentNon-Executive Director) (Resigned on 7 February 2022)
Yong Loong Chen
(Independent Non-Executive Director) (Retired on 23 November 2021)
Share Registrar
Boardroom Share Registrars Sdn. Bhd. 11th Floor, Menara Symphony
No. 5, Jalan Prof. Khoo Kay Kim
Seksyen 13
46200 Petaling Jaya
Selangor Darul Ehsan
Tel: 03-7890 4700
Fax : 03-7890 4670
Auditors
Grant Thornton Malaysia PLT
Chartered Accountants
Level 5, Menara BHL Bank
51, Jalan Sultan Ahmad Shah
10050 Georgetown, Penang
Tel: 04-228 7828
Fax: 04-227 9828
Principal Bankers
AmBank (M) Berhad
AmInvestment Bank Berhad
Affin Islamic Bank Berhad
Stock Exchange Listing
ACE Market of Bursa Malaysia Securities Berhad
Stock Name for Ordinary Shares: SCOPE (Stock Code: 0028)
Website
http://www.scope.com.my
Annual Report 2022 | 3 |
Financial Highlights
FYE 2018 | FYE 2019 | FYE 2020 | FYE 2021 | FYE 2022 | |
Revenue | 22,291,018 | 15,550,162 | 19,638,255 | 87,188,214 | 171,839,365 |
Profit/(Loss) before tax | 1,761,190 | (5,209,069) | (26,094,479) | 7,876,339 | 7,678,874 |
Equity | 117,473,601 | 121,184,130 | 101,376,713 | 126,981,890 | 204,267,397 |
Net assets per share (sen) | 20.96 | 19.57 | 15.33 | 16.51 | 17.71 |
Number of Shares in issue | 560,484,430 | 619,132,873 | 661,458,273 | 769,115,306 | 1,153,672,959 |
Revenue | |
FYE | 22,291,018 |
2018 | |
FYE | 15,550,162 |
2019 | |
FYE | 19,638,225 |
2020 | |
FYE | 87,188,214 |
2021 | |
FYE 171,839,365 2022
Equity
FYE 117,473,601 2018
FYE 121,184,130 2019
FYE 101,376,713 2020
FYE 126,981,890 2021
FYE 204,267,397 2022
Profit/(loss) before tax
FYE | 1,761,190 |
2018 | |
FYE | (5,209,069) |
2019 | |
FYE | (26,094,479) |
2020 | |
FYE | 7,876,339 |
2021 | |
FYE | 7,678,874 |
2022 | |
Net assets per share (sen)
FYE | 20.96 |
2018 | |
FYE | 19.57 |
2019 | |
FYE | 15.33 |
2020 | |
FYE | 16.51 |
2021 | |
FYE | 17.71 |
2022 | |
4 | Scope Industries Berhad |
History, Principal Activities and Group Structure
Scope Industries Berhad ("Scope") was incorporated in Malaysia on 2 September 2002 under the Companies Act, 1965 as a public limited company under its present name. Scope is principally an investment holding company with three (3) wholly-owned subsidiaries, namely Scope Manufacturers (M) Sdn. Bhd. ("SMSB"), Benua Mutiara Sdn. Bhd. ("BMSB") and Scope Realty Sdn. Bhd. ("SRSB"). Besides that, Scope has a seventy percent (70%) owned subsidiary, Pioneer Glow Sdn. Bhd. ("PGSB") and a sixty percent (60%) owned subsidiary, Scope Global Distributor Pte. Ltd. ("SGDPL").
The core business of Scope Group are manufacture and assembling of electrical and electronics components and products, oil palm plantation and trading of electronic products. On 2 August 2022, the Group incorporated Scope Realty Sdn. Bhd. with the purpose of provision of dormitory accommodation and services to its employees as well as involved in property investments.
The current group structure is as follows:-
(Incorporated in Malaysia)
100% 100% 70% 60% 100%
SMSB BMSB PGSB SGDPL SRSB
The principal activities of its subsidiaries are as follow:-
Companies | Date and Place of Incorporation | Principal activities |
Subsidiaries | ||
Scope Manufacturers (M) | 20 November 1991 | Manufacturing and assembling of electrical and |
Sdn. Bhd. (SMSB) | Malaysia | electronics components and products. |
Benua Mutiara Sdn. Bhd. | 28 September 1990 | Cultivation of oil palm. |
(BMSB) | Malaysia | |
Pioneer Glow Sdn. Bhd. | 20 August 1997 | Cultivation of oil palm. |
(PGSB) | Malaysia | |
Scope Global Distrubutor | 15 October 2020 | Trading in electrical and electronic products. |
Pte. Ltd. (SGDPL) | Singapore | |
Scope Realty Sdn. Bhd. | 2 August 2022 | Property investments and provision of dormitory |
(SRSB) | Malaysia | accomodation and services |
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Disclaimer
Scope Industries Bhd published this content on 27 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2022 08:49:04 UTC.