78 Annual Report 2021 1. Utilisation of Proceeds Raised from Corporate Proposals The utilisation of rights issue proceeds as at 30 September 2021 are as follows: Proposed Actual Balance Utilisation Utilisation Unutilised Revised RM’000 RM’000 RM’000 timeframe Infrastructure and property 37,190 37,190 - Completed development Payment of landowners’ 20,000 20,000 - Completed entitlements Construction of KTM 21,400 21,400 - Within 46 Komuter station months# Working capital 372 372 - Completed Estimated expenses for the 1,600 1,600 - Completed rights with bonus issue Total 80,562 80,562 - Note: # The time frame for the utilisation of the proceeds raised from the rights with bonus issue has been extended for another 6 months period from 30 September 2020 (2nd revised time frame) up to 31 March 2021. 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 2021 are as follows: Group Company (RM) (RM) Audit Fees 727,998 56,000 Non-audit Fees 112,000 99,000 Total 839,998 155,000 The non-audit fees was payment towards reviewing the statement on risk management and internal control, additional audit works and special audit works, accountant report and trust account audit. 3. Material Contracts Involving Directors and Major Shareholders’ Interest There were no material contracts entered into by the Company and its subsidiaries involving Directors’ and/or major shareholders’ interests during the financial year. 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. Additional Compliance Information
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