YAYASAN GENERASI GEMILANG

(1121213 - V) (Incorporated in Malaysia)

REPORTS AND FINANCIAL STATEMENTS FOR THE FINANCIAL PERIOD FROM

4TH DECEMBER 2014

(DATE OF INCORPORATION) TO 31ST DECEMBER 2015

Company No. 1121213 - V

YAYASAN GENERASI GEMILANG

(Incorporated in Malaysia)

REPORTS AND FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD ENDED 31ST DECEMBER 2015

CONTENTS

TRUSTEES' REPORT

FINANCIAL STATEMENTS

STATEMENT OF FINANCIAL POSITION

STATEMENT OF COMPREHENSIVE INCOME

STATEMENT OF CHANGES IN EQUITY

STATEMENT OF CASH FLOWS

NOTES TO THE FINANCIAL STATEMENTS

STATEMENT BY TRUSTEES

STATUTORY DECLARATION

INDEPENDENT AUDITORS' REPORT

Pages

1-4

5

6

7

8

9-22

23

24

25-26

Company No. 1121213 - V

CURRENT ASSETS

Before the statement of comprehensive income and statement of financial position of the Yayasan

were made out, the trustees took reasonable steps to ensure that any current assets, other than debts, which were unlikely to be realised in the ordinary course of business, their values as shown in the

accounting records of the Yayasan had been written down to an amount that they might be expected to be realised.

At the date of this report, the trustees are not aware of any circumstances that would render the values attributed to the current assets in the financial statements of the Yayasan misleading.

VALUATION METHODS

At the date of this report, the trustees are not aware of any circumstances which have arisen which

render adherence to the existing methods of valuation of assets or liabilities of the Yayasan misleading or inappropriate.

CONTINGENT AND OTHER LIABILITIES

At the date of this report, there does not exist:-

(i) any charge on the assets of the Yayasan that has arisen since the end of the financial periodwhich secures the liabilities of any other person, or

(ii) any contingent liability in respect of the Yayasan that has arisen since the end of the financialperiod.

No contingent liability or other liability of the Yayasan has become enforceable, or is likely to become enforceable within the period of twelve months after the end of the financial year which, in the opinion of the trustees, will or may substantially affect the ability of the Yayasan to meet its obligations as and when they fall due.

CHANGE OF CIRCUMSTANCES

At the date of this report, the trustees are not aware of any circumstances, not otherwise dealt with in this report or the financial statements of the Yayasan that would render any amount stated in the financial statements misleading.

ITEMS OF AN UNUSUAL NATURE

The results of the operations of the Y ayasan for the financial period were not, in the opinion of the trustees, substantially affected by any item, transaction or event of a material and unusual nature.

There has not arisen in the interval between the end of the financial period and the date of this report any item, transaction or event of a material and unusual nature likely, in the opinion of the trustees, to

affect substantially the results of the operations of the Yayasan for the financial period in which this report is made.

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Company No. 1121213- V

YAYASAN GENERASI GEMILANG (Incorporated in Malaysia)

STATEMENT OF FINANCIAL POSITION AS AT 31ST DECEMBER 2015

ASSETS

Non-current asset

Property and equipment

Current assets

Other receivables

Cash and bank balances

Total assets

EQUITY AND LIABILITIES

Equity

Accumulated fund

Current liabilities

Other payables

Deferred income

Total equity and liabilities

The accompanying notes form an integral part of these financial statements.

5

Note

5

6

7

8

2015

RM

102,215

237,242

698,074

935,316

1,037,531

128,927

908,604

1,037,531

1,037,531

Company No. 1121213- V

YAYASAN GENERASI GEMILANG

(Incorporated in Malaysia)

STATEMENT OF CHANGES IN EQUITY

FOR THE FINANCIAL PERIOD ENDED 31ST DECEMBER 2015

At the date of incorporation

Total comprehensive income for the financial period

Balance as at 31st December 2015

The accompanying notes form an integral part of these financial statements.

7

Accumulated

Funds

RM

Company No. 1121213 - V

YAYASAN GENERASI GEMILANG

(Incorporated in Malaysia)

STATEMENT OF CASH FLOW

FOR THE FINANCIAL PERIOD ENDED 31ST DECEMBER 2015

CASH FLOW FROM OPERATING ACTIVITIES

Surplus before taxation

Adjustment for:

Interest income

Amortisation of deferred income

Depreciation

Operating loss before working capital changes

Changes in Working Capital:

Receivables

Payables

Deferred income

Net Operating Cash Flows

CASH FLOW FROM INVESTING ACTIVITY:

Interest received

Purchase of property and equipment

Net Investing Cash Flows

CASH FLOW FROM FINANCING ACTMTY:

NET CHANGE IN CASH AND CASH EQUIVALENTS

NET CHANGE IN CASH AND CASH EQUIVALENTS AT

THE DATE OF INCORPORATION

NET CHANGE IN CASH AND CASH EQUIVALENTS AT

AT THE END OF THE FINANCIAL PERIOD

ANALYSIS OF CASH AND CASH EQUIVALENTS:

Cash and bank balances

The accompanying notes form an integral part of these financial statements.

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04.12.2014

to

31.12.2015

RM

(32,576)

(1,584,328)

14,355

(1,602,549)

(237,242)

128,927

2,492,932

782,068

32,576

(116,570)

(83,994)

698,074

698,074

698,074

Company No. 1121213 - V

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Unless otherwise stated, the following accounting policies have been used consistently indealing with items which are considered material in relation to the financial statements of theYayasan.

(a) Property and equipment and depreciation

All items of property and equipment are initially recorded at cost. Subsequent costs areincluded in the asset's carrying amount only when it is probable that future economic

benefits associated with the item will flow to the Yayasan and the cost of the item can bereliably measured.

Subsequent to recognition, property and equipment are stated at cost less accumulateddepreciation and any accumulated impairment losses.

Depreciation of the property and equipment is provided for on a straight-line basis to writeoff the cost of each asset to its residual value over the estimated useful life, at the followingannual rates:

Furniture & Fittings Office Equipment Office Renovation

33% 33% 33%

The residual values, useful life and depreciation method are reviewed at each financial year end to ensure that the amount, method and period of depreciation are consistent with previous estimates and the expected pattern of consumption of the future economic benefits embodied in the items of property and equipment.

An item of property and equipment is derecognized upon disposal or when no future economic benefits are expected from its use of disposal. The difference between the net disposal proceeds, if any and the net carrying amount is recognised in profit or loss.

(b) Financial Instruments

Financial instruments are recognised in the statements of financial position when, andonly when, the Yayasan becomes a party to the contract provisions of the financialinstruments.

A financial instrument is recognised initially, at its fair value, plus, in the case of afinancial instrument not at fair value through profit or loss, transaction costs that aredirectly attributable to the acquisition or issue of the financial instrument.

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�AKER TILLY Company No. 1121213 - V

Opinion

In our opinion, the financial statements give a true and fair view of the financial position of the Yayasan as at 31st December 2015 and of its financial performance and cash flows for the financial period then ended in accordance with the Malaysian Financial Reporting Standards, International Financial Reporting Standards and the requirements of the Companies Act, 1965 in Malaysia.

Report on Other Legal and Regulatory Requirements

In accordance with the requirements of the Companies Act, 1965 in Malaysia, we also report that in our opinion, the accounting and other records and the registers required by the Companies Act, 1965 in Malaysia to be kept by the Yayasan have been properly kept in accordance with the provisions of the Companies Act, 1965 in Malaysia.

Other Matters

This report is made solely to the members of the Yayasan, as a body; in accordance with Section 17 4 of the Companies Act, 1965 in Malaysia and for no other purpose. We do not assume responsibility to any other person for the contents of this report.

Baker Tilly Monteiro Heng No. AF 0117 Chartered Accountants

Kuala Lumpur

Date: 13th May 2016

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Dato' Lock Peng Kuan No. 2819/10/16 (J) Chartered Accountant