MKH Annual Report 2018

1. Utilisation Of Proceeds Raised From Corporate Proposals The utilisation of rights issue proceeds as at 30 September 2018 are as follows: Proposed Actual Balance Utilisation Utilisation Unutilised RM’000 RM’000 RM’000 Revised timeframe Infrastructure and property development 37,190 16,819 20,371 Within 30 months # Payment of landowners’ entitlements 20,000 20,000 - Completed Construction of KTM Komuter station 21,400 3,775 17,625 Within 30 months # Working capital 372 372 - Completed Estimated expenses for the rights with bonus issue 1,600 1,600 - Completed Total 80,562 42,566 37,996 # Construction works in progress. The time frame has been extended for another 18 months period from 1 June 2018 until 30 November 2019. 2. Audit And Non-Audit Fees The amount of audit fees and non-audit fees paid by the Company and its subsidiaries to the external auditors for the financial year ended 30 September 2018 are as follows:- Group Company (RM) (RM) Audit Fees 539,438 50,000 Non-audit Fees 35,000 15,000 Total 574,438 65,000 The non-audit fees was payment towards reviewing the statement on risk management and internal control as well as conducting training for Malaysia Financial Reporting System 141. 3. Material Contracts Involving Directors And Major Shareholders’ Interest Save as disclosed below, there are no material contracts entered into by the Company and its subsidiaries which involved Directors’ and major shareholders’ interests either still subsisting at the end of the financial year under review or entered into since the end of the previous financial year:- a) Underwriting Agreement dated 17 April 2017 entered into between our Company and the Joint Underwriters (namely AmInvestment Bank Berhad, Kenanga Investment Bank Berhad, A n Hwang Investment Bank Berhad, Hong Leong Investment Bank Berhad and RHB Investment Bank Berhad) in relation to the rights with bonus issue for the underwriting of up to 24.70 million rights shares at an underwriting commission of 1.25% of the value of the underwritten shares at the rights issue price. 4. Sanctions and/or Penalties There were no material publics sanctions and/or penalties imposed on the Company and its subsidiaries, Directors or management by the relevant regulatory bodies during the financial year. 72 MKH Berhad Annual Report 2018 ADDITIONAL COMPLIANCE INFORMATION