SEGi Annual Report 2012 AT oUR HEART sEGi PRoGRAMMEs study of mental processes and behavior. Psychology seeks to explain thought, emotion and behaviour in the context of real life

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Innovative graduates with business knowledge and savvy skills accelerate organisational growth and competitiveness. The Business and Management programmes available at sEGi aim to produce graduates capable of managing effectively across the broad range of disciplines required in today’s challenging and rapidly changing business environment. By increasing and enriching knowledge across a broad range of business disciplines, students gain a firm grounding in key management skills and techniques essential to financial, strategic and knowledge management.

accountancy & financeAccountancy & Finance are some of the world’s fastest growing and most dynamic industries, encompassing a broad range of organisations that deal with the management of money. Graduates in either or both areas are expected to undertake more than just ‘number-crunching’. They are expected to have a variety of skills relevant to business advising and planning as well.

Due to the wide scope and demand for such professionals, these degrees are highly sought after by the industry.

Accountancy and Finance training provides substantial skills for organisational planning and growth. The Accounting and Finance programmes at sEGi provide students with the opportunity to develop important practical skills such as analytical thinking, problem-solving, team working and communication. This mix of academic and practical skills is highly attractive to employers.

Marketing In an increasingly competitive business world, marketing is becoming ever more recognised as a vital component in ensuring the growth and success of organisations. However, marketing cannot simply be ventured into without any expertise or planning. organisations need to develop the right course of action required to target their

specific market segment in order to grow the business and effectively market their product or service.

The Marketing programmes available at sEGi will provide students with the skills necessary to analyse market needs, define target markets, create marketing strategies and unlock business opportunities in a competitive environment. The programmes are also designed to develop the students’ practical skills and knowledge.

Human Resource ManagementHuman Resource Management is concerned with the administration and development of the organisation’s personnel. Arguably the most important asset of any company, an organisation’s personnel are the ones who individually and collectively contribute to the achievement of the business objectives.

AT oUR HEARTsEGi PRoGRAMMEs

SEGi | Annual Report 2012

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The Human Resource Management (HRM) programmes available at sEGi are designed to teach students how to deal with and manage human resources at the workplace, developing knowledge across areas including terms of employment, staff motivation, HR legal issues, teamwork and payroll. The programmes available at sEGi are industry driven and are designed to equip students with the necessary skills and knowledge required to pursue a career or further studies.

supply Chain Managementsupply Chain Management involves monitoring the movement and storage of raw materials, maintaining inventories of all stock and work that is in progress, and tracking goods from their point of origin to the final customer. It also involves working closely with a variety of external partners to source the best materials at the best price and maintaining strong links with suppliers and customers. If any part of the supply chain fails it can cause the business to lose money, stocks or customers, making supply chain management critical to the success of any company which manufactures or handles goods.

The supply Chain Management programme focuses on strategic performance improvement of all business planning, global sourcing and procurement, production, and logistical activities that make up an organisation’s supply chain, providing students with an understanding of key factors affecting the operations in a supply chain and giving them the opportunity to both analyse and design supply chain processes.

LawThe Law programmes available at sEGi are ideal for students who wish to obtain a qualification of international standing en route to a successful career as a practising lawyer. The programmes aim to

promote independent learning, develop key intellectual transferable skills, develop critical awareness, and strengthen the student’s understanding on the language of law.

As a commonwealth country, Malaysia practices the common law system as practiced in the United Kingdom. As such, sEGi collaborates with the University of London (UK) to offer the Bachelor of Laws (LLB) programme. The University of London LLB is an internationally recognised 'gold standard' programme established for over 100 years. Upon graduation students will join a distinguished group of solicitors, barristers and judges around the world who began their careers by obtaining their law degree through the University of London International Programmes.

sEGi also offers the homegrown Diploma in Law programme.

Information technologyThe world is increasingly dependent upon the use of technology and information where technological development and its adoption by organisations is central for the transformation of management culture, lifestyle and the global economy. The information engineer of the future must be equipped with the appropriate skills to meet these challenges.

sEGi’s Information Technology programmes are comprehensive and relevant to the industry and continue to attract top students and academics. The programmes aim to provide graduates with the opportunity to apply adaptive skills and knowledge to a field that is constantly being transformed.

AT oUR HEART sEGi PRoGRAMMEs


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engineeringsEGi offers an impressive range of engineering programmes that focus on a student-centric environment, where students interact with teaching staff from Malaysia as well as staff from our partner universities worldwide. students will work in technically advanced laboratories and workshops at sEGi campuses, providing them with the essential tools in the development of skills and knowledge. sEGi offers an impressive range of disciplines from foundation and diploma through to bachelor degrees. Its students have gone on to write many success stories and the Faculty is proud to count more than 200 students who obtained First Class Honours in engineering from top-notch universities worldwide.

Built environmentThe term built environment refers to the structures, and infrastructure, that are man made. Built environments provide the basic necessities for human life, and therefore must be functional and healthy for all. Finding this balance is a complicated and challenging process, and one that is consistently being refined.

Built Environment encompasses a variety of disciplines including architecture, construction, project management, environmental design and planning.

students studying built environment programmes at sEGi will address professional, industrial and consultancy activities while also exploring the relationship between the buildings/cities and the individuals, communities and organisations that inhabit them, ensuring they develop a prosperous future in the growing job market.

Creative arts & DesignThe sEGi Creative Arts and Design programmes range from being highly conceptual to those that are deeply practical requiring a specific skill set. With that said, creativity is at the core of all that is executed and taught at sEGi.

students are not only provided with a qualification or skill in creative arts and design, but are prepared to brave the challenges of the industry when they step into the working world. sEGi aims to expand the boundaries of teaching and learning by using the latest technologies, ensuring graduates are at the forefront of art and design industries in the new millennium.



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Communication studiesMass Communication is the discipline which looks at the various means used to relay information through mass media to large segments of the population at one time. The most common mediums used would be newspaper, magazine, radio, television and film, as these are used to disseminate news and advertising to a large audience.

The Mass Communication programmes at sEGi aim to provide a solid foundation in the basic knowledge and skills necessary to become media practitioners and more informed media consumers. students

will learn essential skills in the areas of television/video, news and current affairs production, print, radio and TV journalism, and desktop and on-line publishing, relevant to the region as well as internationally.

education & social sciencesEducators at all levels play a significant role in developing the knowledge of society. sEGi recognises the importance of this and, as such, offers a full range of innovative and industry relevant programmes to meet the objective of producing progressive educators who are competent and thoughtful leaders in their respective fields.

In the field of Education & social sciences, sEGi offers undergraduate programmes in education, early childhood education and psychology. In addition to this, sEGi also offers the Master of Education (MEd) programme in collaboration with the University of southern Queensland. The MEd, an intensive programme that allows educators to acquire the capabilities and dispositions required to work as engaged professional educators in knowledge building communities, allows students to choose one of 4 majors consisting; Leadership & Management, special Education, TEsoL, and Early Childhood.

PsychologyPsychology is both an academic and applied discipline concerned with the scientific study of mental processes and behavior. Psychology seeks to explain thought, emotion and behaviour in the context of real life. The sEGi Diploma in Psychology aims to produce graduates with intellectual aptitudes, independence and transferable skills for employment and/or further studies. students can also apply the basic psychological theories and principles to significant areas of human activities such as healthcare, education, management and social welfare.

Hospitality & tourismThere is tremendous growth in the hotel and tourism industry as businesses and people are spending more money on leisure than ever before. Therefore, this sector of the industry is one of the largest and fastest creators of employment. There is a need for educated and trained people who can be counted on to deliver first class services.

The hospitality and tourism programmes available at sEGi are designed to equip students with the skills and knowledge that are increasingly in demand by today’s employers. students will study highly relevant modules that cover marketing, destination management, human resources,


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information management, planning and research, among others. During the programme, students will also develop wider skills in communication, team working, problem-solving, use of information technology and application of numbers, essential to launch their careers and provide a framework for life-long learning.

american Degree ProgramsThe Upper Iowa University (UIU) Bachelor of science (4+0) program at sEGi University provides students with the opportunity to experience Us-styled education. This style of education focuses heavily on the practical elements of learning with an emphasis on classroom interaction between the students and lecturers as well as group projects, presentations and field trips. The American Degree Program focuses more on assessing the students through course work and allocates less percentage to mid-term and final examinations.

The UIU Bachelor of science (4+0) also allows for full completion locally at sEGi with the flexibility to interchange between sEGi and UIU’s Fayette Campus in the United states.

students studying the UIU Bachelor of science (4+0) program can choose from one of 7 majors including; Management, Marketing, Finance, Communications, Business Administration, Human Resource Management, International Business and Psychology. students can also elect to combine 2 areas of interest as a double major.

english LanguageToday it is widely accepted that English is the language of diplomacy and international communications, business, tourism, education, science, computer technology, media and the Internet - with almost 70% of all information stored electronically in English.

The increasing role of English as the language of international communication demands that professionals across all fields be efficient and effective in all areas of communication in language. In understanding this market demand, the programmes offered at sEGi are taught 100% in English.

The Intensive English Programme is specially designed for international students. It aims to improve these students' English language proficiency to a level equivalent to around IELTs 5.0 - 5.5 to enable them to further their studies at the diploma and degree levels as well as to seek employment in English-speaking environments.

Postgraduate studiesToday’s business environment demands business savvy professionals with expert knowledge. Highly acclaimed and internationally recognised, the postgraduate programmes offered at sEGi are intended for enterprising individuals seeking to holistically combine their expertise with general management skills.

sEGi is a clear leader in the adult learners segment, offering quality programmes that are flexible and that produce competent graduates. The industry relevant and

innovative programmes are constantly updated and adapted to meet the needs of an ever-changing business world.

vocational skills & training CoursessEGi firmly believes that vocational training is important in complementing academic programmes and ensure that the relevant practical training is provided to students. sEGi’s vocational training programmes are suitable for students who are interested in obtaining skills-based training. Its training centres provide vocational courses with sijil Kemahiran Malaysia (sKM) qualification from skills Development Department or JPK, in the disciplines of automotive, air-conditioning repair & maintenance, civil draughting, computer systems maintenance, information systems administration, multimedia design, graphic design, beauty therapy, hotel & tourism and business administration.

Trainees also receive certificates from City & Guilds, UK and AETs, Australia.


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sTRonG FoUnDATIonsEGi InsTITUTIonsseGi university, Kota DamansaraThis flagship campus is built on a strategic site in Kota Damansara, a prime location in Petaling Jaya City in the state of selangor. The impressive campus has academic research, residential and recreational facilities, providing a complete learning experience for up to 12,000 students. It is a short distance to a vibrant commercial centre complete with shopping malls, banks and entertainment spots, accessible using public transport services.

In 2012, sEGi University successfully developed new degree programmes in mass communication as well as postgraduate programmes. This campus has a full range million-Ringgit infrastructure and learning facilities to cater for engineering and health science programmes such as medicine, optometry, pharmacy and dentistry.


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Construction of an extension building named sEGi Tower – a few hundred metres away from the flagship campus – continued smoothly throughout 2012, and is expected to be operational in 2013. The 150,000 sq ft Tower would accommodate another 6,000 students. Decorated with the iconic dome of sEGi, the multi-storey high-rise is complete with facilities for the study of a range of programmes.

Adjacent to the sEGi Tower is the sEGi Residence, a 25-floor condominium for student accommodation and private residence. sEGi students have the luxury of having their campus just a few steps away from home, saving time and money on travelling. Convenience stores located in the nearby commercial centre and at Cova square together with the sports and recreation facilities on sEGi University campus make campus life a complete and exciting experience.

sTRonG FoUnDATIon

sEGi InsTITUTIons


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seGi College Kuala LumpurThe campus is located in Kuala Lumpur, the capital city of Malaysia and is a short distance from the Masjid Jamek Light Rail Transit (LRT) station. students can enjoy cosmopolitan living with easy access to all modern amenities of the city such as the LRT, buses, shopping malls, banks, restaurants, tourist attractions, entertainment spots and more.

From its humble beginnings in 1977, the Kuala Lumpur campus has grown from just one building to occupy a total of five buildings in the same vicinity. In 2012, a new building was acquired to cater to the growing student population. The Lee Yan Lian building in the vicinity was renovated to accommodate the new Marketing Department on the Ground Floor while new classrooms were built on the other floors.

sEGi College Kuala Lumpur is famed for its business and accounting programmes. It currently also offers a wide range of programmes in hospitality and tourism, creative arts and design, information technology, allied health sciences, American Degree Program as well as postgraduate programmes in information technology, nursing and business administration.

sTRonG FoUnDATIonsEGi InsTITUTIons


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seGi College subang JayaThis modern 12-storey subang Jaya campus, which opened its doors in January 2006, is located within the college belt of the subang Jaya district. It has a capacity to accommodate 6,500 students, and is complete with facilities especially for music and early childhood education programmes.

For the study of education and early childhood education, a new facility, the Early Childhood showcase Centre was set up on the 6th floor. The showcase Centre displays all the toys and play tools used by children of several ages.

sEGi College subang Jaya is the lead centre for creative arts and design, music, early childhood education and the American Degree Program. It also offers programmes in the fields of business and accounting, information technology, engineering, allied health sciences, hospitality and tourism as well as MBA programmes.

sTRonG FoUnDATIon

sEGi InsTITUTIons


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seGi College sarawaksEGi College sarawak is positioned as the gateway of the Group to East Malaysia and today stands as one of the largest private colleges in East Malaysia, boasting 2 campuses within close proximity of each other.

In 2012, major upgrading of IT facilities was carried out such as the increase of bandwidth and upgrade of equipment for the campus WiFi, upgrade of the internet speed at its library, computer replacement for computer laboratories 1 and 2 at the main campus, and the purchase of multimedia software (Adobe, sound Forge & Autodesk). Every classroom in both campuses was equipped with computers and projectors.

The main campus is located at the heart of Kuching, the capital city of sarawak. It is the only campus in the Group which offers law programmes at diploma and degree level. other programmes offered at the campus are business and accounting, hospitality and tourism, information technology, creative arts and design, allied health sciences and MBA programmes.



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seGi College PenangThe Penang campus serves as sEGi’s education hub for the northern region of Peninsular Malaysia. The campus is situated in Green Hall and comprises modern facilities and a conducive study environment, providing students with a more complete learning experience. Amenities are also convenient and readily available with eateries, banks, shopping malls and public transport located nearby the college.

Upgrades in facilities carried out in 2012 include the setting up of a postgraduate lounge; new computers for students’ access at the lobby and in the library reading area. The new Recruitment Centre at Bukit Mertajam was also set up by sEGi College Penang to provide quick and convenient service to enquiries from the mainland of Penang.

sEGi College Penang offers programmes in business and accounting, early childhood education, information technology, hospitality and tourism, allied health sciences and engineering as well as MBA programmes.


sTRonG FoUnDATIon

sEGi InsTITUTIons

seGi College seri KembanganThis campus services the southern region of the Klang Valley, providing diploma level programmes in fashion design, culinary arts, hotel management, creative multimedia, graphic design, mass communication, automotive technology, early childhood education, information technology, Islamic banking, marketing, accountancy and business administration.

All of the programmes conducted at this campus is in the national language. The college has established itself as one of the leading providers of quality education for the Malay-speaking market. Its modern facilities include computer laboratories, lecture rooms, an automotive workshop, auditorium, hospitality training rooms and a training kitchen.

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sMI training CentressEGi also has four training centres which are approved by the skills Development Department on JPK. They are located in seri Kembangan, Pulau Indah, Kuala Lumpur and Kuching. sMI Training Centres offer vocational and training programmes for a wide array of skills such as engineering draughting, food preparation and culinary arts, visual & animation, chef de partie and others. Apart from Malaysian students, these training centres also cater for more advanced level trainings to adult learners from abroad. Currently, most of the participants are from Vietnam, as part of the skillsMalaysia InVITE programme conducted by sEGi.

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sTRonG FoUnDATIon

sEGi InsTITUTIons

seGi International schoolIn september 2012, sEG International Bhd investors and shareholders gave the green light for the construction of the International school which can cater to 3,500 students. It will offer programmes at kindergarten, primary and secondary school levels. During the Extraordinary General Meeting, the motion was passed for the acquisition of a 12-acre development land in setia Alam for RM52.3 million. The said land is located within the setia Alam township in shah Alam, selangor, easily accessible from shah Alam city centre, north of Klang.

sEGi International school will have over 700,000 sq ft of built-up area and will fitted with full learning and recreational facilities to ensure the students have a complete learning experience.



InTEGRITY

INTEgRITYSEGi believes that the best interests of the company and long-term value to shareholders will ultimately be preserved by conducting business free from

corruption and in accordance with the highest principles of integrity.

Attract and Support aTop-tier Student Body

INTEgRITY

Attract and Support aTop-tier Student Body

InTEGRITYSEGi believes that the best interests of the company and long-term value to shareholders will ultimately be preserved by conducting business free from

corruption and in accordance with the highest principles of integrity.

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sTRATEGIC CoLLABoRATIons UnIVERsITY PARTnERs

teesside university (tu) is a dynamic, energetic and innovative university located in Middlesbrough, England. With 80 years of innovative education, Teesside University is one of the top universities in the UK dedicated to delivering quality education.

The Quality Assurance Agency for Higher Education has thus far identified units of teaching “excellence” in art & design, computer science, history, social work, sport & exercise, electrical & electronic engineering, nursing, the Foundation Degree in chemical technology and a number of subjects allied to medicine. The Quality Assurance Agency (QAA) expressed confidence in the management of TU’s academic standards and quality of learning opportunities.

TU’s courses and lectures are ranked as the best in the north East and in the country’s top ten, according to the Whatuni student Choice Awards 2011. In fact they are the first and only modern university to be awarded Times Higher Education University of the Year (2009-10).

university of abertay Dundee (uaD) has a long history as one of scotland’s leading universities. UAD has an entrenched reputation for professionalism in offering career-driven higher education. All of UAD’s researchers are involved in teaching and developing courses, giving students the chance to learn from the world leaders every day.

The University is home to world-leading research teams, whose discoveries are hailed internationally. Abertay researchers are also studying issues as varied as the scottish economy, food and nutrition science, psychology, computer arts and digital media.

They are the top-rated university in scotland for environmental science research, with leading-edge initiatives such as the Abertay Centre for the Environment promoting ‘green’ business practices; the Urban Water Technology Centre developing innovative new drainage and pollution-control technology; and the sIMBIos unit exploring bioinformatics.

university of Greenwich (uoG) is a British university located in London, England. The University traces its roots to 1890, when Britain’s second polytechnic was opened near the Thames at Woolwich. UoG was awarded University status in 1992.

Its Business school offers business services such as consultancy as well as runs international conferences and events on various business topics while having strong links with industry, working closely with employers to develop relevant programmes accredited by professional bodies.

It has links with further education and colleges in the Thames Gateway area and plays a regional role in training teachers, nurses and social care professionals. It also houses research and consultancy in architecture, landscape architecture, employment relations, fire safety, natural resources, social network analysis, education, training, educational leadership and public services.


sTRATEGIC CoLLABoRATIons

UnIVERsITY PARTnERs

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university of London is truly one of the great universities in the UK consisting of a federation of 19 world class colleges and 10 specialised institutes. Its reputation for high academic standards has been built on the outstanding teaching and research of its Colleges since 1836. For 153 years, University of London degrees have been accessible to students all over the world through the University of London International Programmes. Today, the University of London International Programmes is truly international in character with over 50,000 students in more than 190 countries.

In the case of the undergraduate laws programme, academic direction is provided by six University of London Colleges with Law schools or Departments, collectively known as the Laws Consortium. The six Colleges are: Birkbeck, King’s College London, London school of Economics and Political science (LsE), Queen Mary, school of oriental and African studies (soAs), and UCL (University College London).

university of southern Queensland (usQ) which was established in 1967 is based in Toowoomba, Queensland. The University is seen as one of Australia’s leading providers of education both on campus and through its distance education option. With more than 75 per cent of students studying via distance learning or online mode, UsQ is at the cutting edge of flexible delivery of resources and technology.

UsQ is a fully accredited Australian Government University, with students coming from across Australia and all around the world. According to Australia’s Department of Education, Innovation, science, Research and Tertiary Education Higher Education statistics, UsQ was the leading provider of distance education from 2007-2011.

UsQ was also ranked to be the first in Australia for ‘Learning overall’ in the International student Barometer 2011, a global survey designed to gather information about international students' experiences with 130 universities world-wide and 30 Australian universities participating.

university of st Mark & st John (MaRJoN) was set up nearly 175-years ago in London with the foundation of the constituent colleges of st John’s, Battersea, in 1840 and st Mark’s, Chelsea, in 1841. The two colleges combined moved from London to Plymouth in 1973. Marjon offers a great range of programmes from Foundation Degrees & Progression Courses to Honours Degrees and Postgraduate study. It has also been successfully training teachers since 1840, receiving praise in its ofsted inspections, including an ‘outstanding’ for its secondary Management and Quality Assurance.

The results of the 2012 national student survey show an overall satisfaction rate for the University of 87%,which exceeds its own benchmark of 84% and is above the national average of 85%. This places MARJon in the top ten of the Guild Higher Education institutions and in the top 40% nationally.


university of London

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sTRATEGIC CoLLABoRATIons UnIVERsITY PARTnERs

university of sunderland (uos) in UK has been providing higher education since 1901 and is proud to be an innovative, forward-thinking university with high standards of teaching, research and support. The University has strong links with industry and business, and works closely with some of the world’s leading companies. sunderland attracts thousands of students from all over the globe who go on to lead exciting careers armed with first-class qualification.

According to the Guardian University Guide 2012, Uos is ranked to be the best new university in the north East of England. It was also shortlisted for University of the Year in the Times Higher Education Awards 2012.

According to Guardian League Tables 2011, University of sunderland was ranked second in tourism and ranked 14th in business and management studies. In 2010, the University of sunderland won the UK’s top student experience title at the annual Times Higher Education (THE) awards 2010. It is the sector’s most prestigious national awards.

upper Iowa university (uIu) in the UsA has been preparing students to succeed in the classroom and in the world since 1857. That rich history, coupled with a student-centred mission, has created a springboard for UIU to become a recognised innovator in offering accredited, quality programmes through flexible, multiple delivery systems, including online and independent study.

offering both undergraduates and graduates degrees with a nearly 40 majors to choose from, UIU ranks in the top 25% of colleges nationally for the enchantment of student learning. UIU has produced a long and distinguished list of alumni who include one of the founders of YMCA and a nobel Peace Price Winner, the first speaker of the U.s House of Representatives, a world famous archeologist and scholar of the Dead sea scrolls and a founder of a Fortune 500 Company, just to name a few.

York st John university located in York, UK was originally founded in May 1841 providing teacher education. now York st John University has more than 6,000 students enrolled across four faculties: Arts, Education and Theology, Business as well as Health and Life sciences.

In addition to its wide range of undergraduate programmes, it offers at postgraduate and post-experience level programmes including theology, education, theatre, fine art, film production, music composition, counselling, health, linguistics and TEsoL. In recent years York st John has developed its research capacity in allied health professions & studies; psychology; education; sports-related studies; english language & literature; theology & religious studies; and drama, dance & performing arts.


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ExCELLEnCE AT sEGi

Achievements of excellence were taken to a new and higher level for 2012. not only did sEGi’s students and graduates accomplish academic results worthy of praise, they also proved to be competitively competent winning multiple awards in sports and competitions organised by external parties at national and regional levels.

Yet again sEGi as a corporation earned itself a list of awards. one outstanding achievement for the year 2012 was The Edge Billion Ringgit Club Best Performing stock Award for sEGi’s outstanding returns to shareholders over the past 3 years. Another notable achievement was the attainment of University status for the Kota Damansara campus in August 2012.


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ExCELLEnCEAT sEGi

seGi won Bronze in Putra Brand awards 2012sEGi did it again! This was the second time sEGi won the Bronze trophy for the Education & Learning category in The Putra Brand Awards 2012. The first time was in 2010, where sEGi also won the Bronze title. The Putra Brand Awards is a recognition and brand valuation exercise, the results being determined on consumer preference.

seGi’s karate championsThe 9th okinawa Goju Ryu Karate open International Championship 2012 had more than 1000 participants from 13 Asian countries. 4 students from sEGi College Kuala Lumpur participated and won medals in their respective categories: Vidya Darshini subramaniam won gold in ‘sparring’ (weight category below 61 kg), Vinoodinee Krishnan (below 50kg) and Arun Kumar Gopalasamy (below 61kg) took a bronze each and Kanaga Letchumi nagendran (below 61kg) won silver.

seGi won uK award as top 10 in online learning provisionsEG International Bhd (sEGi) was given recognition for being one of the top 10 highest users in the world by leading global resource provider, Emerald Group Publishing Limited. A total of 189,789 articles were downloaded in 2011 by sEGi students, earning sEGi the Emerald’s Highest Usage Award 2011. The award was presented to sEGi Group Coo Ms stella Lau at the sEGi headquarters on March 8, 2012.

seGi Nursing graduate shinesDiploma in nursing graduate Ms Amrit Kaur Keman was awarded the Best student Award 2010/2011 after sitting for the Malaysian nursing Board Examinations. The award was presented to Amrit in early 2012. Amrit gave credit to her lecturers at sEGi College Kuala Lumpur for her success. Currently she is working at the Intensive Care Unit (ICU) of Pantai Hospital Cheras.


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ExCELLEnCEAT sEGi

seGi nursing graduates in demand in singaporeA mass interview session organised by sEGi for singaporean hospitals at sEGi University resulted in 13 of the best nursing graduates hired by Tan Tock seng Hospital. The Faculty of nursing and sEGi student Career services then organised a special briefing to better prepare these graduates from sEGi University and sEGi College Kuala Lumpur to boost the confidence of these graduates before they headed to singapore.

MaPCu taekwondo ChampionsThe MAPCU Taekwondo Championship took place at sunway University, where sEGi University students from sEGi Taekwondo Club demonstrated excellent performance and results. sEGi University was represented by 10 players. nine of them won medals in their respective categories – 2 gold medals, 3 silver medals and 4 bronze medals.

IPts staff Networkingon a lighter note, sEGi staff also earned themselves a fun achievement at the IPTs staff networking Games 2012, organised for the first time by the MAsIsWA and Ministry of Higher Education. The event took place at University Tenaga nasional and it was open to all private universities and colleges. The sEGi University team managed to get bronze in the male and female futsal competition respectively.

asia HRD Congress award 2012sEGi Group Managing Director Dato’ seri Clement Hii Chii Kok was given the honour of the Contribution to the organisation Award of the Asia Human Resource Development (HRD) Congress Awards 2012, which took place in Bangalore, India. The Asia HRD Awards is in recognition of individuals who have brought about changes through introduction of innovative systems and processes to their organisation, as well as impacting overall employee productivity and bottom line.

15th suKMa Games 2012At the xV sUKAn MALAYsIA (sUKMA) Games, five karate exponents from sEGi College Kuala Lumpur participated. of the five, three of them took home medals. Vidya Darshini subramaniam (below 61kg category) and Vijaya Letchumi Muthusamy (below 55kg), won a silver each while and Vinothini (below 55kg) took the bronze for sparring.


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entrepreneur award for Group CeoMs Hew Moi Lan, Group CEo of sEG International Bhd, was given the honour and recognition for being the Most Promising Entrepreneur in Malaysia. The award was one of the categories in the prestigious Asia Pacific Entrepreneurship Awards 2012 Malaysia (APEA). she received the award during the official Awards Presentation Ceremony and Gala Dinner at shang-ri La Hotel, Kuala Lumpur.

taekwondo open 20127 sEGi University students participated in the selangor Invitation Taekwondo open 2012 organised by the selangor Taekwondo Association and Malaysia Taekwondo Association. six of them won medals: Yerkebulan Almanov – Feather Weight (gold), Prasila d/o Kumaran - Bantam Weight (silver), nurmakhan Alimbetov – Light Weight (silver), Jonatan ong Jing Cong – Fly Weight (silver), Kuanysh Manzhiev – Light Weight (bronze) and Franklin Lanjan – Poomsae (bronze).

seGi won the edge Best Performing stock awardsEG International Bhd gained yet another feather in its cap this month with the winning of The Edge Billion Ringgit Club Best Performing stock Award (over 3 years) in the Trading/services, Hotels, IPC and Technology sector. This Award recognises a company in Malaysia which provides the Highest Returns to shareholders comprising growth in share price and dividends received over the past three years.

ExCELLEnCEAT sEGi


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top foundation studentssEGi continues to produce top students in foundation programmes, allowing them to progress to higher education with greater success. Lee Wei Min scored an impressive CGPA 4.0 in the Foundation in science, sEGi University and emerged as Top student while ooi Lay Pheng, scored 3.92 in the Foundation in Commerce. she shares that the lecturers and environment motivated her to study and do well. They were one of the 20 high achievers from the Centre for Foundation studies.

top Nursing Graduates The school of nursing of sEGi University organised a special celebration for its 10 Diploma in nursing graduates who scored outstanding results in the June 2012 Malaysia nursing Board Examination. From 1 graduate earning bronze in the Best nursing student Award in 2010, the school has leapt forward to 10 high achievers this year. A ‘buka puasa’ was organised by nursing lecturers and Heads of school for the graduates and their parents to celebrate their outstanding results.

ExCELLEnCEAT sEGi

seGians won teesside PrizeThe ex-President of sEGi student Council at sEGi University, Tan Pek Tong, was awarded the Professor Leni oglesby Prize for Achievement by Teesside University for being the highest performing graduating student in 2012. This very prestigious award is given each year to Teesside University students of any discipline and country. Pek Tong also obtained First Class Honours in the Teesside Bachelor of Arts in Accounting and Finance.

outstanding Kuching students received Principal awardsEGi College sarawak students who achieved excellent results of CGPA 4.0 received the sEGi College sarawak Principal Award. The awards were presented in a ceremony by Madam Elina Tiu, the Principal of sEGi College sarawak. The students who received the awards were from various diploma programmes.

seGi is now a universityThe flagship campus in Kota Damansara was awarded University status after fulfilling a long list of stringent requirements set by the Ministry of Higher Education in order to qualify for the upgrade.

four 1st Class Honours Pharmacy grads4 Master of Pharmacy (MPharm) graduates who graduated in sunderland, UK, obtained First Class Honours. They were among 14 graduates who completed the MPharm, a collaborative 2+2 programme between sEGi University and the University of sunderland, UK. All of them have found employment in the UK.

seGians won 2nd in basketballorganised by Malaysia Universities Union Chinese students society with the support of World Chinese Association (Malaysia), the championship saw participation by teams from institutions such as InTI, stamford College, LKWU, Linton UC, and KLIUC. The sEGi team competed and emerged as the 1st runner up. This competition was aimed to promote sportsmanship and encourage youngsters to lead a healthy lifestyle.


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ExCELLEnCEAT sEGi

seGi won BrandLaureatte awardIn recognition of the leader who created the backbone of sEGi, the BrandLaureatte Great Entrepreneur Brand Icon Leadership Award was given to sEGi Group Managing Director Dato’ sri Clement Hii at the Gala night at sunway Resort Hotel & spa. The Award was initiated by the Asia Pacific Brands Foundation (APBF) – the world’s only branding foundation. This special award recognises the person who made the corporation or brand a success, for without a good captain the ship would not have traversed the seven seas.

seGi’s piano starDiploma in Music student from sEGi College subang Jaya, Ken Lim Min Chyh, played his way into first place for the piano solo performance at the 6th Malaysian Youth Music Festival this year. This annual event is one of the initiatives by the Malaysian Youth orchestra Foundation to promote positive musical activities and help improve the performing standards among music students.

seGi’s top It students Achieving first class honours for any undergraduate degree is never an easy feat, but two graduates managed to do it for an IT programme at sEGi University, which posed the toughest Year 3 for all its students.of the entire batch of students of the Bachelor of Applied Business Computing since it was offered at sEGi University, Law Wai Kar Dawa and Chan Yen Yen were the only ones to obtain first class honours.

MaPCu sports CarnivalsEGi University students won medals in four categories in the national sports competition for undergraduates called MAPCU (Malaysian Association of Private Colleges and Universities) sports Carnival. our students emerged champions of the bowling competition and secured 1st runner up positions for netball, sepak takraw and swimming.

More medals in suKIPtThe sEGi University bowling team – singles and group team – won 2 gold and 3 silver medals in the sukan Institusi Pengajian Tinggi (sUKIPT) 2012. sEGi University Group was represented by 35 students who took part in bowling, karate, track and field, taekwando, chess, swimming and sepak takraw. sEGi College Kuala Lumpur students bagged silver and bronzes in karate and swimming. sEGi emerged 23rd in overall placing among 150 private and public institutions of higher learning.

seGi on par with Malaysia’s BestsEGi University received a Tier 5 rating during the 2011 Rating system for Malaysian Higher Education Institutions (sETARA’11). This rating indicates excellence in sEGi University’s quality of teaching and learning, putting sEGi among the best in Malaysia for higher education.


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ExCELLEnCEAT sEGi

40 uoG 1st Class Honours A total of 490 graduates from sEGi College Kuala Lumpur and sEGi College subang Jaya, who successfully completed various University of Greenwich (UoG) degree programmes, attended the convocation ceremony at sunway Putra Hotel. sEGi College Kuala Lumpur is particularly proud of its 40 graduates who achieved First Class Honours.

seGi is Iso certifiedThe implementation of proper quality management throughout a business can improve operations, often having a positive effect on investment, market share, profit, customer satisfaction and customer retention, while helping to reduces waste and increases productivity. In understanding the importance of an effective quality management system in the provision of education and academic services, sEGi engaged ABs Quality Evaluations, a recognised body in conducting Iso certification, to assess the Quality Management system of the main campus in Kota Damansara, sEGi College Kuala Lumpur, sEGi College subang Jaya and sEGi College sarawak. Following this assessment,

the Quality Management systems of these sEGi campuses was certified to be in conformance with the requirements set forth by Iso 9001:2008.

seGi’s interior design talentsFive of sEGi University’s Creative Design students walked away with first and third prizes in a competition organised by the Malaysian Institute of Interior Designers (MIID) for undergraduates called 6BELAs. Liew shwu Chin and sik Jia Yin won the first prize while Liew, sik, Jecilly saw Kah Heng and Tiow Chai Lee won third for fashion design.

22 uoG 1st Class Honours70 Graduating students from sEGi College Penang attended the University of Greenwich (UoG), UK, graduation ceremony at Bayview Resort Batu Ferringi. of the 77 graduates from various UoG programmes, 16 from the Bachelor of science Computing and 6 from the Bachelor of Arts, Accounting & Finance graduated with 1st Class Honours.

Dis.Rupt.edusEGi University emerged as the 1st runner up in the Dis.Rupt.Edu Competition hosted by sEGi University and organised by Anise Asia Cloud sdn Bhd. Champion of Dis.Rupt.Edu has would represent Malaysia in the famous IT challenge called 2013 TechCrunch Disrupt Conference in the UsA. sEGi’s team was among 67 participating teams from around the nation.


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GoInG GLoBAL

The sEGi brand is gaining increased recognition by citizens of the world particularly in the Asian and south-East Asian region as a result of sEGi’s continuous efforts in upgrading its software and hardware to create relevant and globally recognised programmes.

In 2012, sEGi created ties with three reputable institutions from Australia, south Korea and India to further enhance the quality of sEGi’s programmes including for its vocational training and postgraduate programmes. sEGi’s excellence in the world of academia has also attracted the attention of a highly acclaimed university from Thailand.

sEGi’s collaboration with its university partners in the United Kingdom, UsA and Australia remain strong. Its international student population steadily has increased to 14% since 2011, creating a truly global experience for both Malaysian and international students at sEGi’s campuses.


GoInGGLoBAL

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1. university of sunderlandDr Carter is one of the regular visiting lecturers from the University of sunderland (Uos) to sEGi. He conducts classes for the 2+2 Master of Pharmacy (MPharm). These classes enable students to learn directly from lecturers at Uos and prepare themselves for the next 2 years in the UK. For his 6th visit Dr Carter brought along good news of sEGi’s MPharm student, Tan xin ning who was awarded for being the top student in the third year at Uos, UK.

2. upper Iowa universityUpper Iowa University alumni member, Alexander Woo, gave a talk entitled ‘You Have a Choice’. Alexander graduated from the American Degree Program class of 2008 with majors in Psychology and Communications. The talk emphasised on the choices that we have in life and how to make a positive and influential decisions. After the two hour talk, the students received a food voucher worth RM20 courtesy of Bubba Gump.

3. university of Greenwich The Faculty of Education of sEGi College subang Jaya organised a special lecture entitled “Discover the High scope Approach” to enrich the knowledge of its students. The talk was delivered by Jill Harrison, a lecturer from University of Greenwich (UoG), UK with over 30 years of experience in early childhood education.


visiting Lecturers by International faculty

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GoInGGLoBAL

4. skills-based dual awards with aetsA Memorandum of Understanding (MoU) was signed between sEGi Education Group and Australasian Education and Training services (AETs). This MoU served as a collaboration framework where sEGi’s vocational skills training programmes receive advisory and validation services from AETs. AETs is an Australian-based, registered training organisation specialising in the delivery of vocational education and training accredited by the Australia skills Quality Authority (AsQA).

5. Meghe Group signs onMeghe Group of Institutions, India signed a Memorandum of Understanding (MoU) with sEGi University that will see a student-staff exchange between the two institutions, joint supervision of the sEGi PhD (Management) programme and a collaboration of research activities. They are also expecting to work together to host international conferences.

6. Nigerian Minister visitsMr Adebayo Idowu (Minister of Education and student Welfare) and Mr Ibrahim (Deputy Defence Advisor) from the High Commission paid a visit to sEGi University. This visit was aimed at giving an in-depth introduction of sEGi University to the High Commission and to provide an opportunity for nigerian students at sEGi to meet and interact with their Minister.


Dual awards International Collaborations

7. valaya alongkorn Rajabhat university visits seGistudents and lecturers from Valaya Alongkorn Rajabhat University (VARU) visited sEGi University. Assistant Professor Benjarong Kulsu from the Centre of Arts and Culture, VAsU led the visit with a total of 30 students and 12 lecturers from VAsU. The Valaya Alongkorn Rajabhat University looks forward to collaborating with sEGi University in the field of academic, language and cultural exchanges.

8. New partnership with Gimcheon university, south Korea A Memorandum of Understanding (MoU) was signed between sEGi University and Gimcheon University, south Korea. The MoU aims to serve as a framework of collaboration for exchanges of faculty staff and students as well as academic collaborations. signing the MoU was sEG University Vice Chancellor, Emeritus Professor Muhamad Awang and President of Gimcheon University, Dr sung Ae Kang.

9. Indonesian visitA group of young and enthusiastic Indonesian students travelled all the way to Malaysia to visit sEGi College subang Jaya. This visit was organised in conjunction with the sMAK 2 BPK Penabur Visitation to allow them to have the experience of a college student here in Malaysia. After a brief introduction about the college, they were taken on a campus tour.

GoInGGLoBAL


sPECIAL PRoJECTs

sEGi continually seeks to diversify its operations and seek out green pastures by pursuing various special projects, including the establishment of linkages with the government and with industry as well as engaging in business ventures with international partners. Through this strategy of diversification, the Group is able to maximise on its opportunities and as a result is less affected by the intense competition for students.

seGi Moves ahead as Champion for ePP 2In 2011 sEGi was appointed by the Government of Malaysia as the Champion for Entry Point Project (EPP) 2 under the Education national Key Economic Area (nKEA) to develop integrated early childhood and childcare education (ECCE) in the country. since this appointment, sEGi has taken strides in setting a foundation upon which to increase the qualifications of ECCE practitioners and improve the overall landscape in Malaysia.

on 18 August 2012, the Early Childhood Care & Education (ECCE) Council was officially launched. Two of the Executive Committee members of the Council are from sEGi, namely, Lydia Foong (Dean, Faculty of Education) and Ms Carolyn Choo (Head, ECCE, sEGi College subang Jaya). officiated by Y.A.B. Tan sri Dato’ Haji Muhyiddin bin Haji Mohd Yassin, Deputy Prime Minister and the Minister of Education of Malaysia, the ceremony celebrates the strengthening of the governance of ECCE in the private sector by professionalising the industry and assuring quality control.


sPECIALPRoJECTs

seGi tie-up with sKaLI to boost ItworkforceA Memorandum of Understanding signed on 13 March, 2012 will see sKALI working hand-in-hand with sEGi University to train sEGi students in one of its latest IT solutions modules. sKALI is known as one of Malaysia’s established e-solutions provider with many high profile clienteles.

This move is also in line with sEGi’s continuous effort in strengthening its industry linkages in order to ensure its students are equipped with current and industry relevant know-how. To boost its Information Technology graduates’ market value, sEGi engaged sKALI as its industry partners for training.

tHe JoB Reality tv showsEGi embarked on a reality show with 8TV looking for the perfect candidate for THE JoB. The show saw 8 young Malaysians under the age of 30 vie for a 12-month management trainee contract

with sEGi, along with an attractive salary, a postgraduate scholarship and RM15,000 in cash.

The 8 candidates underwent 7 challenges with big multinational companies, testing their creativity, branding knowledge, marketing, sales and organisational skills. With each task, the judges were able to see the strengths and weaknesses of the candidates and could determine how employable they were.

eduCloud for seGi studentsAnise Asia Cloud sdn. Bhd. and sEGi University signed a Memorandum of Understanding (MoU) to facilitate the use of the Education Cloud built specifically for Academic and Research. The EduCloud hosted by Anise Asia is aimed at providing an efficient platform for lecturers, students and researchers in Malaysia.

The signing of the MoU underlines sEGI’s recognition towards the growing demands and needs in Cloud Computing by the education industry. This collaboration will further support the growth in computing and technological advancement.

Under this arrangement, eligible lecturers and students may obtain a minimum of 1 month free trial to use the EduCloud. sEGi University will be given its own portal to manage its lecturers and students.

Partnerships in action – setting trendsin educationsEGi University Faculty of Education co-organised an event entitled Partnerships in Action – setting Trends in Education with Chalkzone Academia Club. The event was an ideal platform whereby sEGi and its’ students were able to establish beneficial links with prospective future employers as well as network and collaborate on practicum attachment and on ensuring the curriculum and assessments are truly industry driven.


sPECIALPRoJECTs

39 students from foundation and degree programmes had the opportunity to meet various industry players including Tenby schools, Garden International school, Peter and Jane, Mutiara International Grammar School and R•E•A•L Kids.

Linkages with more than 75 New hotel partnerssEGi Hospitality & Tourism (H&T) students and graduates are extremely lucky. They now have the option of training or working at any of sEGi’s 75 partner hotels in various niche categories from seaside, city, highlands, boutique to forest resorts.

This wide spectrum of hotels from 5-stars to budget will give sEGi’s H&T graduates an upper hand in terms of depth of exposure and range of specific skills. In addition, students from fields such as nursing, business, engineering and accountancy were also targeted for employment by the hotels.

on 24 May 2012, the Group held a ceremony at sEGi University to mark and celebrate its partnership with 75 hotels from all over Malaysia. Following the ceremony, there was a mass interview session arranged for sEGi graduates and students with four mega hotel brands – InterContinental Hotel KL, Pacific Regency Hotel suites, Philea Resort & spa, and The Banjaran Hotsprings Retreat.

Industry Centre of excellence (ICoe)Minister of Higher Education YB Dato’ seri Mohamed Khaled bin nordin officiated the launching ceremony of Industry Centres of Excellence (ICoE) for Mydin Mohamed Holdings Bhd and Malaysian Retailer-Chains Association (MRCA) at sEGi University, organised by the Ministry of Higher Education.

sEGi, being a partner of the Malaysian Retailer-Chains Association, is one of the institutions honoured with the task of supporting this government initiative to produce skilled and trained workforce for

MRCA, appointed as an Industry Centre of Excellence for the Economic Transformation Program.

seGi opens Recruitment CentresNationwideIn order to serve the public and future students better, sEGi University Group set up 10 Recruitment Centres throughout the nation from the north to the south of West Malaysia and in East Malayia as well.

Parents and school-leavers can now visit sEGi Recruitment Centres stationed strategically nationwide to make enquiries about programmes offered by the Group. The Centres are set up to provide service especially to those who would prefer a more personal touch and face-to-face interaction over enquiries through email or telephone.

The Recruitment Centres are located in Kuantan, Johor Bahru, Ipoh, Batu Pahat, setiawan, seremban, Parit Buntar, sibu, Bukit Mertajam and Kota Kinabalu.


skillsMalaysia INvIte since sEG International Bhd (sEGi) was appointed by the Malaysian government as Project Leader for a new initiative called skillsMalaysia International Technical Education and Vocational Training Programme (skillsMalaysia InVITE) on 3 August 2011, the Group has contributed to the training and development of hundreds of international students from multiple countries.

on 26 november 2012, 183 Vietnamese vocational teachers received the skills Malaysia InVITE (sMI) certificates in a ceremony held at sEGi University after they had attended two months' training on the development of Vietnam's national occupational skills standards (Vnoss).

These teachers have been trained on the 8 Vnoss which were developed for the General Department of Vocational Training (GDVT)/Ministry of Labour, Invalids & social Affairs (MoLIsA) Vietnam by sEGi.

sPECIALPRoJECTs

The training was for the following trades: ship navigation, ship engine operation and repair, processing and processing aqua products, processing and designing wooden products, construction techniques, culinary arts, hotel management and reception management.

seGi Centres of excellenceIn september 2012, sEGi’s senior leadership team set forth a vision to drive sEGi to the next level both in quality and in image through Centres of Excellence (CoE) within the Group. Today, sEGi is already acknowledged as one of the Top 8 private tertiary education institution in Malaysia. As such, this CoE initiative aims to build upon strong foundations and transform sEGi from a generalist institution into 8 specialist CoEs.


REsEARCH &DEVELoPMEnT

2012 was a momentous year for sEGi with their award of

University status and their achievement of Tier 5 in

sETARA, equaling that of the nation’s top universities. These achievements have intensified

the Groups focus into R&D with the aim of staying at the

top of our game.

The University supports all new and ongoing efforts in the upgrade of academia qualifications and knowledge base with the aim of developing excellence in teaching and learning.

Research Papers The Ministry of Higher Education Malaysia (MoHE) offers various research grants, including ERGs (Exploratory Research Grant scheme), FRGs (Fundamental Research Grant scheme), LRGs (Long Term Research Grant scheme) and PRGs (Prototype Research Grant scheme), throughout each year to researchers from both public and private tertiary institutions to conduct their studies.

In 2012, an academician from the school of Engineering and the Built Environment at sEGi University secured a grant under the Fundamental Research Grant scheme (FRGs) to assist her in conducting research.

Aida Isma Mohamad Idris secured an FRGs grant of approximately RM76,000 to conduct her study entitled ‘Influence of Time and Temperature on Pyrolysis of Municipal Mixed Plastic Waste.’

In addition, sEGi University Deputy Vice Chancellor (student Affairs) Dato’ Professor Dr. Jamaludin Mohaiadin assumed the responsibility of undertaking an in-depth study into a topic that is relevant to academia with the aim of aspiring members of academia in Malaysia: ‘The failure of getting PhD degrees among Malaysian academicians.’


REsEARCH & DEVELoPMEnT

This paper is a collaborative effort with four of his peers from the University of Perlis. The research team presented the findings to the Ministry of Higher Education in Malaysia at the national strategic Plan for Higher Education seminar (seminar Hasil Penyelidikan Kementerian Pengajian Tinggi) on 28 March 2012. Consequently, Dato’ Jamaludin’s findings secured a place in the inaugural research journal, The CREAM (Current Research In Malaysia) by the Ministry of Higher Education.

Research & Innovation ManagementCentreTo further strengthen its commitment in the Research and Development initiative, the University has established a Research & Innovation Management Centre (RIMC) as the main liaison centre. This centre is also committed to the promotion of research activities within sEGi through organising relevant workshops and seminars in order to enhance the research capabilities among the academic.

•LiverTransplantExpertTalks at seGi

Dr. Daryl Wall, Director of Royal Australasian College of surgeons and University of Queensland Postgraduate Anatomy Training Program, gave a brilliant talk on ‘Advances in the Care of Liver Diseases and Transplantation” at sEGi University. His presentation gave the audience a better understanding on the advancement of research in liver diseases as well as new technologies and techniques in liver transplant.

•ResearchPosterCompetitionorganised by the Research and Innovation Management Centre (RIMC) of sEGi University, the competition had 3 clusters: Engineering & Technology, Healthcare & Life sciences, and social science & Humanities. Participants had to design a poster containing all the relevant information on their research, then display and present their posters to the panel of judges.

•TheAmericanPerspectiveby Dr Chen

The Research & Innovation Management Centre (RIMC) organised a talk entitled “How to supervise students in their final year projects: the American perspective” on 5 July 2012. This talk was conducted by Associate Professor Dr Chen Wei Kian and attended by approximately 30 academicians from sEGi University. Dr Chen’s talk gave insights into students’ supervision from the American perspective.


• seGi Lecturers present their research

The Research & Innovation Management Centre (RIMC) organised an educational seminar which was based on research conducted by three lecturers at sEGi University – Ms Cheng xiau san, Mr shah Farez othman and Dr ngien su Kong. Ms Cheng’s talk was on “Temperature sensitive Wideband spectrum-sliced AsE.” Mr shah Farez othman, lecturer from Faculty of optometry and Vision sciences, sEGi University. His talk was on “In vivo imaging of macular thickness in relation to degree of myopia and axial length in Malay subjects.” Dr ngien su Kong, the last speaker, presented on “A review of Double Porosity in soil.”

• antarctic survey talkDr Peter Convey, an ecologist from the British Antarctic survey, shared his insights from the survey in a public talk entitled ‘Antarctica, climate change and biological research within the British Antarctic survey’ at sEGi University. The talk was another effort of the Research & Innovation Management Centre (RIMC) of sEGi University. Dr Convey stressed that recent climate change has caused significant changes in the physical and living environment of the Antarctic.

• RIMC educational seminarThe Research & Innovation Management Centre (RIMC) organised an educational seminar presented by two sEGi University lecturers. The first speaker was Dr. Aye Aye Mon who presented a talk on ‘Aggregatibacter aphrophilus : An unusual organism isolated from a patient with acute appendicitis.’ The second speaker was Dr. Teoh Ming Li, lecturer from the school of Allied Health sciences. Her talk was on ‘Response of Antarctic, temperate and tropical microalgae to temperature stress.’



advancing academia of seGiIn 2011, aside from attracting some of the industries’ best and brightest minds into the Group as part of setting an extensive infrastructure and integrated curriculum, our academicians and staff continuously strive to greater heights scholastically.

not far behind, many lecturers of sEGi are on track in furthering their studies. To date, the Group currently has 37 lecturers pursuing their Doctorates or Doctorates of Philosophy (PhD) and some are scheduled to complete their studies in 2013. The following are a few relevant fields:

- Doctor of Philosophy (PhD) in Chemical Engineering- Doctor in Business Administration- PhD in Value Management- PhD in Business Administration- ophthalmic Doctorate (oD)- PhD in English Literature- PhD in Education- PhD in Applied optics- PhD in Management- PhD in Electrical Chemical Engineering- PhD in science and Technology- PhD in Environmental Engineering- PhD in Electrical Engineering- PhD in Mechanical Engineering- PhD in Computer science- PhD in Visual Arts- PhD in Communications- PhD in Economics- PhD in Medical Education

The Group also currently has 33 academicians who are currently pursuing their Masters Degree in the fields of:

- Master of Business Administration- Master of science in nursing- Master of nursing- Master of Education- Master of science in Advanced Healthcare- Master of science in nursing science- Master of science in Chemistry- Master of Mechanical Engineering- Master of Education (nursing)- Master of Computer science- Master of Linguistics- Master of Applied Linguistics- Master of Mathematics- Master of Education (English as a second Language)- Master of occupational safety and Health Administration- Master of Health sciences (Biomedical sciences)- Master of science in Environmental Biotechnology- Master of Library science & Information study

This academic development of staff and lecturers is crucial in the Groups efforts towards becoming an institution with excellence in teaching and learning.



REsPonsIBILITY

RESPONSIBILITYIt is not enough just to be a great institution – one must also strive to be a responsible and ethical corporate citizen. SEGi believes that its reputation,

along with the confidence of their stakeholders, is an invaluable asset. In line with this, SEGi recognises and performs its obligations towards its stakeholders

and maintains high ethical business standards.

Enhance Commitmentand Involvement of all SEgians

RESPONSIBILITY

Enhance Involvementof the entire SEgi Family

REsPonsIBILITYIt is not enough just to be a great institution – one must also strive to be a responsible and ethical corporate citizen. SEGi believes that its reputation,

along with the confidence of their stakeholders, is an invaluable asset. In line with this, SEGi recognises and performs its obligations towards its stakeholders

and maintains high ethical business standards.

CoRPoRATE REsPonsIBILITY REPoRT

90

sEGi believes in managing its business in an ethically and socially responsible manner to the benefit of the Group, stakeholders and the community at large. Thus, Corporate Responsibility (CR) is a thread that runs through everything sEGi does, from delivering the promise of a quality education, to offering scholarships to deserving students, and even its ongoing involvement with the local community.

The Bursa Malaysia Corporate Responsibility Framework looks at these 4 main focal areas, namely as:

WORKPLACE

COMMUNITY

ENVIRONMENT

MARKETPLACE


THE MaRKetPLaCe

•SChoLARShiPSsEGi believes that the opportunity to maximise one’s potential through the fulfilment of studies should be available to students of all backgrounds. This can be achieved not only by nurturing and encouraging students in their studies but also by reaching out to those deserving individuals by offering a range of financial assistance options.

In 2012, full and partial scholarships, bursaries and contributions towards education funds were given out to deserving students who are academically inclined, needy and/or active in co-curricular activities to pursue tertiary education at sEGi institutions nationwide.

• SEGi High Achievers’ Scholarship• SEGi Vice Chancellor’s Scholarship• SEGi Sports Scholarship• The Star Education Fund• 8TV Scholarship• Inner Wheel Club of Kuala Lumpur Scholarship Programme• Karangkraf – SEGi Education Fund

•FuLLMBBSSChoLARShiPFoRSARAwAkiAnhighAChiEvEREusebius Teo recently received a full scholarship from Dato’ seri Clement Hii (sEGi Group Managing Director) to study the Foundation in science and MBBs (Bachelor of Medicine, Bachelor of surgery) at sEGi University. During the sacred Heart secondary school 2011 speech Day, Dato’ seri pledged to give the most deserving student at the school a full fee scholarship worth about RM300,000 under the High Achiever’s scholarship. In order to qualify for this Eusebius Teo Kien Kiong, 10As scorer in the sPM, went through the stringent selection process conducted by the school and sEGi University.

•SEgiPLAySiTSRoLEinETP(EMPLoyMEnT)Minister of Higher Education YB Dato’ seri Mohamed Khaled bin nordin officiated the launching ceremony of Industry Centres of Excellence (ICoE) for Mydin Mohamed Holdings Bhd and Malaysian Retailer-Chains Association (MRCA) at sEGi University, organised by the Ministry of Higher Education. sEGi, being a partner of the Malaysian Retailer-Chains Association, is one of the institutions honoured with the task of supporting this government initiative to produce skilled and trained workforce for MRCA, appointed as an Industry Centre of Excellence for the Economic Transformation Programme.

•DEBATEwinnERSgETRM3MiLLioninSChoLARShiPSsEGi Education Group gave away a total of 25 scholarships cumulatively worth RM3 million to the best debater and champion teams in the 14th national secondary school Chinese Debate Competition 2012. This is the second year that sEGi has sponsored this event, which is organised by the Youth section of the Federation of Hokkien Associations of Malaysia.

sEGi understands that its customers, in this case current and potential students, are one of the most important stakeholders and thus continually pursues various initiatives and activities that help to develop and support them.

CoRPoRATEREsPonsIBILITY

REPoRT


held simultaneously as a part of the campaign. The talk on the awareness of drug usage was given by Mr Zulkarnain, an officer from the national Anti Drugs Agency (Agensi Anti-Dadah Kebangsaan). He gave a comprehensive explanation on the types of drugs available and the consequences of taking those drugs.

•STAREDuFunDSChoLARShiPSThree proud students of sEGi College Kuala Lumpur received star EduFund scholarships in 2012. The award presentation event was held at the Kuala Lumpur Convention Centre banquet hall. Ms. Vanessa Woon siew Huong, Deputy Registrar of sCKL, gave away the awards to the sCKL students while Ms nirmala Purushokthaman, student Experience

CoRPoRATEREsPonsIBILITY REPoRT

•8TvSChoLARShiPFoR8LuCkystuDeNtssEGi University pledged 8 scholarship places through the 8TV scholarship Fund 2012. This scholarship fund is directed at school leavers who are interested in studying a homegrown degree, diploma or foundation programme at sEGi University. successful applicants must have good results in the sPM/sTPM /or equivalent examinations, and must be active in co-curricular activities. As it is an 8TV scholarship, students who are creative and outgoing will be looked upon favourably.

•DRugAwAREnESSCAMPAignThe student Affairs & Alumni Division and Helping Hands successfully organised a Drug Awareness Campaign at sEGi University. A talk and an exhibition were


and Wellness Manager, represented sEGi College Kuala Lumpur at the ceremony.

•SChoLARShiPSFoRAThLETES at seGi

In line with the national sports Council of Malaysia (nsC)’s goal of producing top class athletes, a Memorandum of Understanding (MoU) was signed between the council, sEGi University and other tertiary education providers in Malaysia. The MoU outlines various details of scholarships for sports men and women looking to further their studies based and serves as a collaboration framework for where all parties will work together to raise and advance the development of the sportspersons of Malaysia.

THE CoMMuNItY

•BLooDDonATionDRivEA blood donation drive was held at sEGi College subang Jaya, hosted by University of Malaya. This event was aimed to creating awareness among sEGians and the local community about the importance of donating blood. This event also acted as a platform of practice for students from the nursing Faculty to hone their skills as they assisted throughout the event.

•hoPEFoRChiLDREnATShELTERhoMEA group of students from the sEGi College subang Jaya Faculty of Business and Accountancy visited the Home for Children shelter to donate items that were collected during a three days charity drive held at their campus. The students also carried out activities with the children which brought joy to their little faces!

•hoPESTARTSwiThyouChARiTyDRivEThe Hope starts with You Charity Drive was an event organised by a group of caring students from the sEGi College subang Jaya Faculty of Business and Accountancy. This event acted as a fundraiser for under-privileged kids from the “Pusat Aktiviti Kanak-Kanak” (PAKK) under the Department of social Welfare (JKM). Donation in kind was given to an old folks home while the cash collected by the students from selling foods and drinks was given to the underprivileged kids. A dance performance from the famous movie Haanah Montana was performed by the students for all those present.

•REAChingouTFoRThEChiLDREnstudents majoring in Marketing from the sEGi College subang Jaya Faculty of Business and Accountancy visited Pertubuhan Rumah Amal Cahaya Tengku Ampuan Rahimah. They donated some daily goods and interacted with the children. students were also amazed to see some children sewing their own clothes – making their efforts all the more rewarding.

•SEgiAnSBRighTEnuPSAnCTuARyCARE oRPHaNaGe CeNtRe

In partial fulfillment of the Personal and Professional Development (PPD3) course requirements, 40 enthusiastic students from the sEGi College Kuala Lumpur Faculty of Business and Accountancy, accompanied by their lecturer Ms. Thilaga, brightened up the sanctuary Care orphanage Centre. The activities which included an icebreaker, games and breakfast brought a glow to the faces of the orphans.

Under this focal area, sEGi has been very active especially in employee and student volunteerism, youth development, graduate employment and charity.


REPoRT



•gLoBALACTionwEEkFoREARLyCHILDHooD eDuCatIoNThe annual Global Action Week held across the globe was also celebrated in a big way at sEGi University. The theme for the Week was ‘Rights from the start! Early Childhood Care and Education now!’ The event aimed to advocate a positive agenda for children’s rights in early childhood while expanding and improving on early childhood and childcare education (ECCE). It is intended for parents, primary care-givers and those involved in the ECCE industry. Following the event, the Faculty of Education handed out donations that were collected from the auction sales to the House of Joy, a non-profit charitable home which was destroyed by a fire last year. sEGi Group Deputy Managing Director Mr. Lee Kok Cheng also donated from his own pocket to the development of the home.

•PREviEwoFyouTh oRCHestRa CoNCeRt

200 sEGi students and staff attended a Preview of the Asian Youth orchestra Concert which was organised by student Affairs Division in collaboration with Asian Youth orchestra. The goal of the concert was to raise RM300,000 for Adventist Community services as funds to help the poor and needy in our community.

•RELAyFoRCAnCERA community based fun-filled campaign was organised by national Cancer society of Penang to create awareness on cancer. 110 students from the sEGi College Penang Faculty of nursing and Allied Health sciences took part in the charity event, relaying with more than one thousand other Penangites for a worthy cause.

•SEgiMoBiLECLiniCATINteRCoNtINeNtaL HoteLstaff from InterContinental Hotel in Kuala Lumpur had the pleasure of meeting 2 very kind dentists from the Faculty of Dentistry of sEGi University for a free dental check-up at their workplace. The free service was provided voluntarily by sEGi to the staff from 9.30am to 3.00pm at the hotel as a

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part of the perks extended to them during the annual Celebrate service Week conducted at all Intercontinental Hotels throughout the world.

•MoBiLECLiniCBRingSDEnTiSTSToLoCALRESiDEnTSKind and generous staff of the Faculty of Dentistry at sEGi University volunteered 3 of their weekends for community service at section 4, Kota Damansara. The Mobile Clinic transported the dental chairs to the small mosque located in the housing area. Residents from Gugusan Melor, Melati, Gugusan Matahari and semarak apartments had their teeth checked and received consultation for free from the dentists attached to the Faculty of Dentistry. The children also received free quality toothbrushes when they participated in a dental care lesson conducted by a senior staff of the Faculty. They were taught the correct way to brush and care for their teeth.

•SEgikLSuPPoRTSyogAFoRLiFEover 200 sEGi College Kuala Lumpur students joined 2000 other yoga enthusiasts to help Great Eastern Life Assurance (M) Bhd make it into the Malaysia Book of Records for the largest number of participants at a ‘Yoga For Life’ event. The objective of the event was also to promote a healthy lifestyle via yoga while also creating awareness of breast cancer and survival via early detection. All funds raised from the event were donated to the Breast Cancer Welfare Association.

•inSPiRingCREATiviTyAMongABoRiginALChiLDREnA group of students from the sEGi College subang Jaya Faculty of Creative Arts and Design organised a Corporate Responsibility Project for the aboriginal children themed sEGi’s Art of Giving at orang Asli settlement, Kuala Kubu Bharu. The event was organised for aboriginal children with the objective to enhance creativity among the children and also serve as a platform for sEGi students to learn the importance of the concept of social responsibility towards the community.

•CARinghEARTChARiTyEvEnTDiploma in Hotel Management students from sEGi College Kuala Lumpur organised an event called ‘Caring Heart’ – a charity event promoting teamwork among sEGians while contributing back to the society. The student organisers also sharpened their skills in relation to the hospitality industry learnt during their studies. Activities such as a colouring contest and quizzes were organised specially for the kids from the Yayasan Chow Kit. Donations in form of cash that were collected back in college were also given to the children.



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•BLooDDonATionDRivEsEGi University once again organised the massive Blood Donation Drive with the aim of donating much needed blood supply to the national Blood Centre. The drive, organised by the Department of student Affairs, successfully drew the participation of more students and staff than ever before seeing the Multi-Purpose Hall filled with more than 283 donors. Doctors and nurses from the national Blood Centre were present to ensure the donors were attended to properly.

•BATTLEAgAinSTBREASTCAnCERIn conjunction with the global Breast Cancer Awareness Month in october, Fayette House of sEGi College Kuala Lumpur arranged a series of talks to instill awareness and propagate early prevention regarding the disease among the students at sEGi. Innovatively dubbed ‘Two Is Better Than one’, the campaign was also aimed at spreading the message of advocating a second chance in life for those affected by breast cancer. Esteemed speakers from the national Cancer society Malaysia (nCsM) – Dr. Gogilawani Muagan (Education and Development Manager) and Dr. Dalilah Kamaruddin (Head of Women’s Cancer Detection Centre) – enthusiastically shared their knowledge, experiences and insights on the subject matter to an audience of around 70 students.

•SEgiSERikEMBAngAnMoRALviSiTMoral Education students of sEGi College seri Kembangan personified the gist of their course by organising a visit to the ‘Raghavendra Karunai Illam’; a shelter for the underprivileged. 25 students facilitated activities for the children. The day was not just about work but also to inject additional fun elements to shower happiness in the lives of those young children through games, talent shows and even a creative art workshop.

•noToChiLDABuSEstudents from the sEGi American Degree Programme organised a 3-day exhibition to educate students and the public on child rights and child abuse. This event was supported by Protect and save The Children (P.s. The Children) and Voice of the Children. A seminar was also held in conjunction with the World International Day for the Prevention of Child Abuse and fundraising activities were held.

•SEgi–LivinghoPEFunDRAiSingLuNCHeoNsEGi heeded the call of needy children by hosting Living Hope Malaysia’s very first fundraising luncheon to raise funds and awareness for their causes. The event hosted a crowd of more than 400 people coming from all walks of life in support of Living Hope. Through the ticket sales, as well as funds coming from the auctions and sale items during the event,

a total sum of RM 23,500 was raised and donated to support Living Hope’s many programmes.

•noToAniMALABuSEstudents from the sEGi College sarawak Tourism Club organised a charity event called ‘Care For Animals’ during their visit to the sarawak society for the Prevention of Cruelty to Animal (ssPCA). The sEGians helped the staff of ssPCA to clean, care and feed the cats and dogs.

•SEgiSuPPoRTSCoMMuniTy CaRe CaRNIvaL

sEGi University sponsored RM20,000 to the Community Care Carnival at Tropicana Medical Centre to help raise the quality of life for underprivileged children in five credible orphanages in MBPJ city area. sEGi’s staff and students from the Faculty of Medicine, Faculty of Dentistry and school of nursing also went in full force to volunteer their services at the Medical Centre on that sunday.


THE eNvIRoNMeNtThe sustainability of a business is futile and can be measured in many different ways, but if the environment in which it operates is not maintained it will never thrive. Thus, sEGi encourages both its staff and students to participate in environmental conversation efforts.

•Bio-DivERSiTyExPEDiTion seMINaR at seGi

sEGi University provided the venue for the Peninsular Malaysia Forestry Department from the Ministry of natural Resources and Environment to hold the Reserve Bio-Diversity Expedition seminar and Exhibition on 11 and 12 January. The event provided researchers a platform to present and discuss their findings obtained from a scientific expedition held at the Kota Damansara forest reserve in 2011, as well as to document the findings as scientific reference for future usage. sEGi’s very own Deputy Vice Chancellor was also a participant of the seminar, presenting his paper entitled “Kota Damansara Forest Reserve – A Photographic Journey of Insects”.

•CAMPuS-wiDERECyCLingCARnivALThe Faculty of Culinary Arts at the seri Kembangan campus organised a ‘1Malaysia 1sport 1Recylcle Carnival’. This four day event encompassed a myriad of activities such as cleaning up the hostel compound, collecting recyclable items, playing Malaysian traditional games and many more. Through this carnival, students learned how to preserve and care for the environment as well as learning many traditions within Malaysian culture.

•gREEnAwAREnESSCAMPAignDetermined students from the Upper Iowa University (UIU) American Degree Program, House of Fayette, organised a Green Awareness Campaign in conjunction with Earth Hour. The event served dual functions: as a fundraiser and as the official launch of the Earth Day festivities. The campaign started with the introduction of Go Green T-shirts followed by a month of awareness campaigns, Cleanliness Day at Kuala Lumpur, Kota Damansara and subang Jaya campuses as well as an Earth Day camp at Chiling Waterfalls.



•wALkFoRgREEn2012Thirty-four students from the sEGi College Kuala Lumpur Diploma of Environmental Health programme, accompanied by three lecturers, participated in the ‘Walk for Green 2012’. organised by Earthagain sdn. Bhd. (EAsB) to mark Earth Day, the 3km-walk was flagged off from stadium shah Alam at 8 a.m. and ended at space U8 Mall. This walk was the finale of EAsB’s week-long Earth Day events and intended to raise awareness and funds towards the protection of our local environment.

•gREEnTALkSERiESPART1Emeritus Professor nigel Bell from Imperial College (UK), who is also an Academic Advisor in sEGi’s International Academic Advisory Board, gave a public talk titled ‘Hidden Effects of Air Pollution: Do They Threaten Food security in the Developing World?’ at sEGi University. Professor Bell’s main emphasis was the current and future importance of air pollution as a constraint to agricultural productivity in developing countries. He asserted that the key pollutants of concern are ground level ozone, given its potential to cause widespread yield loss in sensitive crops; and other pollutants, such as sulphur dioxide and nitrogen dioxide, which also have significant localised effects.

•gREEnTALkSERiESPART2The Research & Innovation Management Centre (RIMC) of sEGi University organised Part 2 of the Green Talk series. The second talk was by Emeritus Professor sir David Read on ‘Global Warming: the scientific evidence and the projected impacts with special reference to food production and the support of human populations’. The talk focused on the evaluation of the scientific evidence underpinning our knowledge of global climate change, with special attention given to the role of human activities in escalating the global warming process.

•gREEnTALkSERiESPART3Dr Peter Convey, an ecologist from the British Antarctic survey, shared his insights from the survey in a public talk entitled ‘Antarctica, climate change and biological research within the British Antarctic survey’ at sEGi University. organised by the Research & Innovation Management Centre (RIMC), the talk saw the attendance of many students and sEGi staff.

•CoASTALCLEAnuPPRojECTThe student Affairs office and student Council of sEGi College subang Jaya organised a community care project to clean up the coastline at Bagan Lalang Beach. 100 students and 4 staff participated in this community event. The aim of the event was to keep the coastline fronting the college clean for students and local residents while also educating them on the detriment of littering and pollution. This event was also intended as a precursor to the Cleaning Gurney 2012 event.

•CLEAningguRnEy201282 students and lecturers from the segians Care Club took part in the Cleaning Gurney 2012 event organised by new Century Lions Club of Penang Island and the Pulau Tikus constituency. The event made its way into the Malaysia Book of Records for being the largest coastline clean-up operation.

•gREEnCoMPuTingThe Green Computing exhibition was held to create awareness and educate students on adopting greener IT strategies aimed to reduce cost and environmental impact within the IT world. students of sEGi College Penang showcased their creativity in the exhibition, displaying their work which could make an impressive impact on the green practice.


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THE woRKPLaCeA great workplace is more than just the view from your desk. A great workplace is one where every employee enjoys a quality work environment, taking into account their health and safety, and one that also encourages human capital development, among other things.

In line with this, sEGi continually strives to improve work environment, company policies, compensation & benefits, career development, recognition, achievement and internal relationships in order to make sEGi the best place to work while also inculcating our staff with responsible and socially ethical mind-sets and practices.

•AnnuALDinnERsEGi gave all its staff a grand dinner treat at sunway Lagoon Resort Hotel. The dinner was themed Holywood Glitter and Glamour. Almost 1,200 staff from all of the campuses and training centres attended. The grand prize of the lucky draw, sponsored by the top management, was a brand new Toyota VIos 1.5. With the second prize worth a whopping RM12,000 – a travel package of RM6,000 and travel expenses of RM6,000.

•MAjoRFESTivALCELEBRATionSThe management of each campus arranged lunch or dinner treats for its staff to celebrate each of the major celebrations, namely for Raya, Chinese new Year, Deepavali and Christmas.

•EMPLoyEEhEALThCARE PRoGRaMMe

sEGi works closely with its nearby healthcare institutions such as hospitals and specialist centres to promote a variety of free or discounted healthcare check-ups for its staff to enjoy.


•EMPLoyEEDEvELoPMEnT PRoGRaMMe

Regular in-house training sessions are arranged for staff to cater to a range of skills and professional development needs. Each employee is required to meet the mandatory training hours. Financial assistance is also given to qualified staff wishing to pursue further education. This is given in the form of discounts or scholarships. The Management recently introduced The Cambridge International Diploma for Teachers and Trainers (CIDTT) to help lecturers further enhance their teaching skills.


2012 AT A GLAnCE

January 10 - 12off Gamers CNY RoadshowThe year 2012 began with yet another huge gaming event organised by the Creative Thinking Club (CTC) at sEGi College Kuala Lumpur in collaboration with off Gamers sdn. Bhd. About 300 students attended the event over the three-day event. Lucky draws, sign-up goodies, games and prizes by Garena; and Voopee’s cheap prepaid mobile drew the crowd. students had fun while getting to know the gaming companies better. The other sponsors were steel series; Run-Up; and Luto sdn. Bhd. As the event was a success, CTC plans to have more of such events.

January 15seGi recognised as enterprise of honestysEG International Bhd (sEGi) was selected as one of the winners of the 10th Asia Pacific International Honesty Enterprise Keris Award 2011 at the Berjaya Times square Hotel. The international award recognises and distinguishes companies in the Asia-Pacific region with outstanding performance and honesty. ‘Honesty’ signifies the operational and management style of the enterprise, its reputation as well as public image in the market.sEGi was one of the few educational institutions which were nominated and chosen to win the award, among 35 other companies of other industries.

January 16Pongal at seGi College Kuala LumpurWith temple musicians leading the way, the management of sEGi College Kuala Lumpur celebrated Pongal where they had to carry a new pot decorated with turmeric leaves to the mini fire wood hearth on the pavement outside the campus. The ceremony attracted sEGi students and members of the public. As the milk was put to boil, there was suspense as to whose pot would boil over first. Pongal is traditionally a four-day-long significant harvest festival celebrated by Tamilians worldwide.

January 31 – february 2seGi welcomes Dragon Yearon the 31st of January 2012, confetti filled the air and Chinese fire crackers roared away in the background as sEGi University ushered in the Dragon Year with a bang. organised by the sEGi management and student Affairs Department, the Chinese new Year 2012 celebration was filled with joy, laughter and cheers as students, lecturers and staff came together to commemorate this auspicious event.

sEGi College sarawak welcomed the Chinese new Year with a hope that the coming lunar year would usher in a more productive and progressive period to the institution. A celebrative mood filled the air as the traditional drums and Lion Dance troupe kick-started the event.

sEGi College Kuala Lumpur decided to begin the Chinese Year of the Dragon with more than the usual fanfare on 2 February. The College management invited the best of the best – the 2011 World Lion Dance Champion. Loud firecrackers heralded the auspicious occasion, followed by a spectacular lion dance performance and Chinese drum performance. Also present at the occasion were sEGi Group’s top brass. The lion then proceeded to the Main Lobby to shower its blessings. ‘sheng Cai’ (lettuce), a pomelo and oranges were offered to the lion to bring good luck and fortune to sEGi College.

sEGi College subang Jaya organised a Chinese new Year (CnY) celebration for all its staff and students. sEGi staff dressed up in their traditional Chinese attire or red clothes. The celebration kicked off with lighting of fire crackers and a lion dance performance.

february 15 - 17Graphic design students get creative!

As part of a final semester project for the subject ‘Independent Design Practice’, nine Diploma in Graphic Design students from sEGi College Kuala Lumpur showcased their creativity in a stunning exhibition. The students were given a tall order to design collaterals for publications, corporate identity stationery, press advertisements, point of purchase, packaging, promotional material, company vehicles, billboards and a 60-second storyboard.

february 21Love Your BodyThe Department of student Affairs of sEGi College seri Kembangan organised a workshop called ‘Love Your Body.’ 53 skills trainees from sEGi College KL Training Center and sEGi Training Centre seri Kembangan participated in this seminar. The programme was conducted by trainers of national Population & Family Development Board Malaysia.

february 23anti Dadah at sMK taman Megah13 students from the Faculty of nursing and Allied Health science, sEGi College subang Jaya, participated in an anti-dadah campaign that was held at sMK Taman Megah 2. Pupils of the school enjoyed playing the games designed by the Faculty of nursing which created awareness on the danger of drug usage.


March 15tHe JoB, presented by seGi university and 8tv

2012 ATA GLAnCE

february 25 & 26asian CuisineThe Asian Cuisine event was organised by students from Diploma in Hotel Management of sEGi College Penang and sKM-Commis as a part of their assignment. The theme of the event was Asian Cuisine A-La Carte. students also prepared mocktail drinks to serve their customers.

March 6Joe Brooks trio visits seGi College subang JayasEGi students at the subang Jaya campus were seeing stars as they were visited by up and coming superstar Joe Brooks. The Joe Brooks Trio was down in Malaysia as part of their tour, and had scheduled a fan meet-and-greet session and press conference at sEGi College subang Jaya. Joined by drummer Matt de La Garza and keyboardist Clinton Babers, Joe Brooks gave a special performance for the sEGians at the concourse area of the campus.

March 9Personality talk

March 19Psychology DayIn-conjunction with Psychology Day, students of sEGi College subang Jaya opened a booth to create a better understanding of the term psychology among other students. They organised games, quizzes and distributed information related to human behaviour, sleep cycles and many more to their collegemates. Through this information, students had a clearer view on psychology.

March 23Bowling & super 5 Paintball tournaments

A personality talk was presented by Wu sin Yee from Virtue Associates sdn. Bhd to psychology students of sEGi College subang Jaya. With the title, “Applications of Psychology: Personality Assessment and Career”, he explained the concept of DIsC (Dominance, Influence, Compliance, and steadiness), how to observe behaviors of other and how to apply it to career. students who attended had a clearer view of personality assessment and careers.

THE JoB is a 30-minute reality show in search of the right man or woman for the job, produced by sEGi University and exclusively aired on 8TV. THE JoB offered a 12-month contract with the title and job scope determined by the skills and talents of the winner, a postgraduate scholarship and RM15,000 in cash. 8 Candidates underwent 7 challenges with big multinationals in the country, testing their creativity, branding knowledge, marketing, sales and organisational skills. With each task, the judges will determine how employable each candidate is.

March 16Going green for the futureWith the motto ‘Going Green for our Future Generation,’ students from the school of Business, sEGi College subang Jaya along with several primary school students had a one-day trip to the Animal Park (Taman Haiwan). This trip was organised mainly to create awareness on caring for the environment and animals. Many activities were carried out such as modeling, quiz and performances.

To build up the spirit of participating in sports in the students, the Faculty of Business and Accountancy and student Council at sEGi College subang Jaya,organised an Interfaculty Bowling Tournament and super 5 Paintball Tournament at summit Mall. The winners brought back trophies and medals for their respective faculties. Through these tournaments, students had a chance to interact with other contestants and released some stress.


March 24Badminton tourney a success

april 25 Magnifique art Graduate showcaseAfter 3 years of hard work, students of The school of Creative Design, sEGi University, finally graduated by holding a showcase of their creative work at the sunway Giza concourse. Based on the theme of the circus which originated from France, the showcase was aptly called Magnifique Art Graduate showcase.

april 27Global action week

april 17eduCloud for seGi studentsAnise Asia Cloud sdn. Bhd. and sEGi University signed a Memorandum of Understanding (MoU) to facilitate the use of the Education Cloud built specifically for Academic and Research. The EduCloud hosted by Anise Asia is aimed at providing an efficient platform for lecturers, students and researchers in Malaysia. Under this arrangement, eligible lecturers and students may obtain a minimum of 1 month free trial to use the EduCloud. sEGi University were given its own portal to manage its lecturers and students.

april 18Partnership in action – setting trends in educationsEGi University Faculty of Education co-organised an event entitled Partnership in Action – setting Trends in Education with Chalkzone Academia Club. The event was an ideal platform whereby sEGi and its’ students were able to establish beneficial links with prospective future employers as well as network and collaborate on practicum attachment and on ensuring the curriculum and assessments are truly industry driven. 39 students from foundation and degree programmes had the opportunity to meet various industry players including Tenby schools, Garden International school, Peter and Jane, Mutiara International Grammer School and R•E•A•L Kids.

april 24seGi won Bronze in Putra Brand awards 2012sEGi did it again. This is the second time sEGi has won the Bronze trophy for the Education & Learning category in The Putra Brand Awards 2012. The first time was in 2010, also the Bronze title.

2012 ATA GLAnCE

students of The school of Hospitality and Tourism from sEGi College Penang organised a badminton competition at Convent Light street. The event was a part of their assignment where students were required to plan and execute an event successfully. The badminton players showed and portrayed a great sense of commitment, teamwork and skilful techniques, especially during the semi-finals and finals matches.

March 26 – 30 Healthy Lifestyle CampaignIn partial fulfillment of the requirements for the Human Motivation course in the American Degree Program, the students embarked on a week-long Healthy Lifestyle Campaign. Their mission was to create awareness and motivate the community at sEGi College Kuala Lumpur to engage in a healthier lifestyle. Vendors such as Body shop, Mind4Life and HiGoat promoted their products while students from the nursing Faculty had a health screening session. A gym session was also organised by the sEGi students.

The annual Global Action Week held across the globe this year was also celebrated in a big way at sEGi University. The theme for the Week was ‘Rights from the start! Early Childhood and Childcare Education now!’ The Faculty of Education at sEGi University hosted a series of activities at the campus based on the theme of the Global Action Week.

May 18Galileo for Penang H&tsEGi College Penang signed a Memorandum of Understanding (MoU) with Travelport to train its Hospitality and Tourism (H&T) students to use the Galileo online ticketing system. At the same time, a sEGi Travel Promotion Fair was held, open to students and public. Well known and established airlines, travel agencies and hotels participated in this fair such as E&o Hotel, Lone Pine Hotel, Holiday Inn Resort and Firefly.


June 6Building leaders of tomorrowsEGi College subang Jaya organised a leadership camp for secondary school students from sMK UsJ 12 with the belief of inculcating all-round education from young. Interactive skills, leadership skills, teamwork activities were carried out to build more confident individuals. sEGi strongly believes that the camp is one of the best tools to mould students to be leaders of tomorrow.

June 7 & 8school of It visits MostiThe school of Information Technology at sEGi College Penang organised a fun-filled edu-tour in selangor for 44 sEGi students and staff from the school of Information Technology, school of Business and Accountancy and school of Hospitality & Tourism Management. They visited various hotspots such as MosTi Malaysia, national science Centre (nsC), i-City shah Alam and sEGi University.

June 18fashionista Day

May 22International Nurses’ DayThe school of nursing at sEGi University celebrated the International nurses Day on-campus to commemorate the birthday of the pioneer of the nursing profession, Ms Florence nightingale. The actual day falls on May 12. Dance, sketch and singing performances were performed by the nursing students for all the nursing staff and students present.

May 2475 Hotel partnerssEGi Education Group had a ceremony to mark and celebrate its partnership with 75 hotels from all over Malaysia. sEGi Hospitality & Tourism (H&T) students and graduates have the option of training or working at the partner hotels in various niche categories will give sEGi’s H&T graduates an upper hand in terms of depth of exposure and range of specific skills. A mass interview session was also arranged for sEGians with four mega hotel brands – InterContinental Hotel KL, Pacific Regency Hotel suites, Philea Resort & spa, and The Banjaran Hotsprings Retreat.

June 4seGi Recruitment Centres nationwidesEGi Education Group set up ten Recruitment Centres in Kuantan, Johor Bahru, Ipoh, Batu Pahat, setiawan, seremban, Parit Buntar, sibu, Bukit Mertajam and Kota Kinabalu. The Centres are to provide counseling services especially to students and parents who prefer a more personal touch and face-to-face interaction over enquiries through email or telephone. Diploma in Fashion Design students at

sEGi College seri Kembangan got to put to practice what they learned when they organised ‘Fashionista Day’ on campus. This event served as a platform for them to showcase their talent in fashion designing and gain precious experience, doing the all the backstage preparations until the end of the fashion show.

June 213-on-3 Basketball CompetitionA total of 12 teams took part in the event that encouraged team spirit by way of healthy competition. The event also paved the way for networking opportunities among sports lovers at the College. The competition was organised by the Counselling / International student Affairs Department at sEGi College Kuala Lumpur with assistance from international and local sEGi student volunteers.

June 29Multimedia open Day Diploma in Creative Multimedia students at sEGi College seri Kembangan held a showcase of their creative work at the campus. They put up their assignments of 2D and 3D animation sculptures made from paper clay and recycled items. Through this event, students learned to create more environmentally-friendly products.

June 29Career fair The sEGi College subang Jaya Career Fair turned out to be very successful indeed. Big companies, both local and international, were involved in this event where they held open recruitment drives for interested sEGi applicants, fresh graduates and final year students.

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July 4I ‘HeaRt’ BatikFoURsEGi, the official club for Mass Communication students at sEGi University, held an ‘I Heart Batik’ campaign, supported by the Ministry of Information, Communication & Culture, and Bumiputera Designers Association (BDA). The campaign included a gallery of a Batik-inspired mural by young graffiti artists, models parading around sEGi in batik and a huge batik-inspired kolam. The campaign ended with a fashion show by local professional designers.

July 4YeC field trip 55 sEGi College seri Kembangan students accompanied by 3 lecturers were brought on a field trip to sasana Kijang Bank negara and national science Centre. The trip was organised by the Young Entrepreneurship Club (YEC). The students gained more exposure to the latest science technologies and the banking industry after listening to a talk at Bank negara.

July 4food fair & Movie fiestaAn American Independence Day themed food fair and movie fiesta was held at sEGi College Penang, organised by the Fayette House to raise funds for the club. The Food Fair and Movie Fiesta commenced with the ribbon cutting ceremony by Mr. Jerry Koay, Head of Department of American Degree and the singing of the American anthem, led by Tiffany Tilley, one of the American students in the cultural exchange program.

July 7Damai Beach outingsEGi College sarawak student Affairs and Hostel Group organised a day trip to Damai Beach. 45 sEGi local and international students participated. This outing was mainly to introduce the Kuching city to the students. Besides the outing, there were games such as plastic bag race, building the longest line and finding sweets in flour.

July 9 – 11 Discover PerhentianThe school of Hospitality & Tourism and HosT Club at sEGi College Penang brought 35 of its students to Pulau Perhentian, accompanied by 3 staff. The students had a chance to snorkel in more than 8 snorkeling spots and had a remarkable experience discovering the beauty of the underwater world.

July 10study smart workshopA study smart Workshop was held for 59 students of sEGi University, conducted by Ms Aminah from student Affairs. The workshop aimed to help the students prepare for their final examinations. students were taught self-management and concentration techniques.

July 11asia HRD Congress award 2012sEGi Group Managing Director Dato’ sri Clement Hii Chii Kok was given the honour of the Contribution to the organisation Award of the Asia Human Resource Development (HRD) Congress Awards 2012, which took place in Bangalore, India. The Asia HRD Awards is in recognition of individuals who have brought about changes through introduction of innovative systems and processes to their organisation, as well as impacting overall employee productivity and bottom line.

July 11entrepreneur award for Group CeoMs Hew Moi Lan, Group CEo of sEG International Bhd, was given the honour and recognition for being the Most Promising Entrepreneur in Malaysia. The award was one of the categories in the prestigious Asia Pacific Entrepreneurship Awards 2012 Malaysia (APEA). she received the award during the official Awards Presentation Ceremony and Gala Dinner at shang-ri La Hotel, Kuala Lumpur.

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July 12skytrex adventure outing 32 students and 4 staff from the school of Foundation studies of sEGi University had an adventurous outing at skytrex. This outing was to bring the Foundation students department staff members together as well as give the students a memorable experience before they commence with their diploma and degree programmes.

July 12asian food & Culture fiestaThe Asian Food and Culture Fiesta was absolutely delightful, with a mixture of costumes, and gastronomical cuisines from all around Asia. There were representations of 7 countries: Philippines, India, Korea, Thailand, sri Lanka, Japan and of course Malaysia. The array of dishes at each country’s booths were simply mouth watering, making everyone who went crave for more and more food.

July 14 – 15 Inter-Nursing Games The Inter-nursing Games is an annual activity carried out for all nursing students of sEGi University. organised by the sports and Co-curriculum Development and nursing Council, a total of 20 teams took part in the Games which included futsal and netball tournaments.

July 14-15Leadership trainingA leadership training session for members of the student Representive Council (sRC) and Helping Hands sEGi University was held at Taman Pertanian, shah Alam. The training was facilitated by four staff from the student Affairs Division and one counsellor from school of nursing. The students learned about management (planning, organising, directing and control) and leadership skills conducted by Major Dolly.

July 15the edge Best Performing stock awardsEG International Bhd (sEGi) gained yet another feather in its cap this month with the winning of the The Edge Billion Ringgit Club (BRC) Best Performing stock Award (over 3 years) in the Trading/services, Hotels, IPC and Technology sector. This Award recognises a company in Malaysia which provides the Highest Returns to shareholders over three years, comprising growth in share price and dividends received over the past three years.

July 19the Comedy CagesEGi University presented its first ever live stand-up comedy event – The Comedy Cage by Captain Khalid, a sEGi student. The event was organised by sEGi International students society (sIss) and student Affairs Division. The aim of the event was to entertain and bring cultures together through comedy.

July 24Drug awareness CampaignThe student Affairs & Alumni Division and Helping Hands successfully held a Drug Awareness Campaign on campus at sEGi University. The event consisted of a talk and an exhibition. The officer from national Anti Drugs Agency (Agensi Anti-Dadah Kebangsaan) gave a comprehensive explanation on the types of drugs and the consequences of taking the drugs.

July 27financial planning starts young sEGi College sarawak Accounting Club (sCsAC) organised a discussion session titled “Financial Planning starts Young.” The aim of this session was to enhance the students’ industrial knowledge on this matter. Mr Victor Liew, sales Manager-Core Banking of United overseas Bank (Malaysia) Bhd, was the guest speaker for the event.

august 39th wave ConcertThe 9th Wave Concert was organised by students from the Music Department, Faculty of Creative Arts and Design, sEGi College subang Jaya. The concert was held at the Menara summit Auditorium, subang Jaya. There were solo and group performances in a variety of musical genres and styles.


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august 16Moot Court for students Law students at sEGi College sarawak will get to practice in the brand new Moot Court on campus after the launch today. The ability to conduct mock court sessions give law students exposure to and a different perspective of a court session environment outside of the normal classroom setting. Having this facility will provide law students a realistic setting to train their skills and enhance their knowledge in law.

august 27seGi now a university

september 8aND1 streetball ChallengeThe AnD1 streetball Challenge organised by ossia World of Golf saw one of the biggest turnouts with 345 teams participating at the Times square in Kuala Lumpur. It had five categories and about 70 games were played. Two students from sEGi College Kuala Lumpur in the under 18 team emerged as the 1st runner up. They received AnD1 products and cash prizes worth RM289.

september 17seGi Law society Photo HuntThe Law society at sEGi College sarawak organised a Photo Hunt, sponsored by nikon (Malaysia) sdn Bhd. The Hunt got the participating teams, armed with digital cameras, racing through historical routes and the heart of Kuching City in pursuit of landmarks, structures, objects and other subject matters corresponding to a set of clues provided. The key objective of this competition is to encourage teamwork among students and staff and to encourage them to mingle.

september 20freshmen Night 2012Freshmen night was held to provide a platform for students from various departments to meet and pave way for new friendships. The event was a joint effort of the Department of student Affairs, the students’ Representative Council and the sEGi International students’ society (sIss) at sEGi University. Participants filled the large multi-purpose hall. They had a roaring time playing the games with new friends and with their lecturers.

september 26Get hired by shell

The flagship campus in Kota Damansara was awarded University status after fulfilling a long list of stringent requirements set by the Ministry of Higher Education in order to qualify for the upgrade.

september 8uK DayThe De’nitor Club from the school of Business at sEGi College Penang organised ‘UK Day’ to spread awareness on the education system in the United Kingdom (UK). Those present at the event was briefed on degree and postgraduate programmes offered by sEGi’s UK partners. There was also an exhibition showing the lifestyle in the UK and places of interest.

A career talk was conducted by shell to introduce the shell Graduate Programme to students of sEGi College sarawak. The targeted students were from the Faculty of Business and Accountancy who were about to graduate. Ms. sheila Bala, Campus Marketing Advisor of shell People service Asia, was the speaker of this session.

october 3Learn from successful entrepreneurs organised by the Entrepreneurship & small Business Management Class from the American Degree Program (ADP) at sEGi University, the talk featured four successful Malaysian entrepreneurs with brilliant minds who shared their business experiences.

october 3seGi won BrandLaureatte award againIn recognition of the leader who created the backbone of sEGi, the BrandLaurette Great Entrepreneur Brand Icon Leadership Award was given to sEGi Group Managing Director Dato’ seri Clement Hii at the Gala night at sunway Resort Hotel & spa.


2012 ATA GLAnCE

october 6Leadership Camp for 90sEGi College Penang organised a one day leadership camp for its students. A total of 90 students participated in the camp where leadership skills were cultivated through an exciting line-up of activities and games.

october 9saGe 2012The sEGi Annual Gaming Event (sAGE) was organised by the sEGi Technology Club in collaboration with the sEGi student Council and student Affairs Department at sEGi University. The event involved renowned players from the IT industry such as PC.CoM, MEEPLEs InTEL, and UMoBILE AnIsE AsIA. The objective was to cultivate interest in the latest technology and widen students’ perspective of technology.

october 13we Love Malaysia!sEGi College subang Jaya organised the We Love Malaysia Photo Competition in conjunction with Malaysia’s 55th Independence Day. It was to instill a sense of love for the country’s successful independence by capturing meaningful Malaysia-themed photographs. The competition was open to 20 selected secondary schools around Klang Valley. Winners walked away with cash prizes.

october 14Chinese Chess Competition18 players participated in the Chinese Chess Competition at sEGi College Kuala Lumpur. organised by the Counseling and student Affairs Department, the competition provided a platform for students to show their talent in the game. After 5 competitive rounds, Lee Kan Feng emerged as the champion followed by Yap Chun Hong and Low Kee seng.

october 17International cultural galaProudly organised by the Department of student Affairs, student Council and sEGi International students’ society at sEGi University, the International Cultural night 2012 had an incredible line up of performances that inspired the imagination and brought culture and tradition across international borders closer to home here at sEGi.

october 18CheeMing Boey’s successorganised by MPH Distirbutors in collaboration with sEGi University, CheeMing Boey, a Us-based Malaysian artist with more than 10 years’ experience in the creative industry was brought for a meet-and-greet session. He shared with sEGians his experience on how he ventured into the creative industry. He had worked his way up to lead animator for Blizzard Entertainment, the company that produced Diablo and many other popular computer games.

october 20sCswK Graduationnearly 350 graduates from sEGi College sarawak (sCsWK) graduated successfully from degree, diploma and foundation programmes. Held at the Grand Majestic Hotel, Kuching, the ceremony was a memorable one for all the graduates.

october 22seGi College Penang Graduation116 out of 223 diploma graduates of sEGi College Penang attended the graduation ceremony at Traders Hotel. A few students from the Faculty of nursing, Faculty of Business & Accountacy and Faculty of Education walked away with the high achiever’s award.

october 24Master series Professional Photography sEGi College subang Jaya and Lightroom studio & Academy held a press conference for the Memorandum of Understanding for the Master series Professional Photography Mentoring Programme. The purpose of this collaboration was to prepare participants of the programme for instant employability and high quality portfolio for international photography competitions such as Hasselblad, Masters, WPPI and Leica oscar Barnack Award.

November 3teesside university Convocation

160 Graduates from sEGi University, sEGi College subang Jaya and sEGi College Penang celebrated their graduation at Intercontinental Hotel, Kuala Lumpur. A memorable moment worth many praises was the presentation of the prestigious Professor Leni oglesby Prize for Achievement by the Teesside University to Tan Pek Tong, a student of sEGi University.

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November 7Mini Career Day

sEGi College sarawak brought job opportunities closer to its students and graduates through the sEGi Mini Career Day. segians met 12 companies from a wide range of industries such as Mastermind Training International sdn Bhd, Techno Graphic, software optima sdn Bhd, KKB Engineering Berhad, Yung Kong Metal Co. Bhd, Puteri Engineering & Co., GCH Retail sdn Bhd, CIMB Wealth Advisors, Grear Eastern, Aim smart Academics, nLC General Pest Control and nAIM Holding Berhad.

November 9observe, Learn and explore The observe, Learn and Explore (oLE) Camp had 38 secondary school participants. The 12-hour camp starting at 8am to 8pm was held at sEGi College subang Jaya (sCsJ). Through oLE, participants gained leadership skills, learned valuable lessons and gained new friendships. sCsJ also promoted its programmes to these students.

November 23uos Graduation 2012A total of 80 graduates from sEGi College Penang who completed University of sunderland (Uos) degree and MBA programmes successfully attended the convocation ceremony at Eastin Hotel. sEGi College Penang is particularly proud of its top 5 MBA graduates who obtained a Distinction in their studies.

November 26skillsMalaysia INvIte graduates183 Vietnamese vocational teachers received skills Malaysia InVITE certificates after two months' training on the development of Vietnam's national occupational skills standards (Vnoss). These teachers have been trained on the 8 Vnoss such as ship navigation, ship engine and processing aqua products.

November 27foosball CompetitionA total of 18 sporting students pitted their wrist strength and quick hand-eye coordination against each other in this fun event organised by the Counseling and student Affairs Department. The competition introduced and promoted foosball to sEGi students. Besides that, team cooperation and spirit was cultivated during this competition.

November 29Multimedia & Design showcase The Faculty of Creative Arts and Design at sEGi College sarawak organised a graduation showcase for its final year students. The 18-day showcase featured artwork of all 23 final year students. The artwork was done using various methods; some done with design software such as 3D Max, Flash, Illustrator and Photoshop.

Nov 30 & Dec 7MIa & CIMa talkssEGi College sarawak’s Accounting students had an opportunity to learn more about the accounting industry from the Malaysia Institute of Accountants (MIA) on and Chartered Institute of Management Accountants (CIMA) through a Career Talk session. The talks were organised by the Accounting Club to ensure students understand the current environment of the accounting industry.

December 1830 New industry partnerssEGi University signed a MoU with its 30 new corporate partners, which will enjoy perks of a Valued Corporate Partnership (VCP). The VCP will benefit sEGi students and graduates as well as the VCP corporations. segians have a wider database of companies for internship and future employment.

December 21uos judges for dissertationA total of 32 final year students of the Bachelor of (Hons) Business and Management (BABM) under the University of sunderland, United Kingdom programme showed their true capabilities as student and researcher when they participated in the Dissertation Poster Presentation Competition held at sEGi College sarawak. The award was given by the Module Leader, Alan Charlesworth from University of sunderland, United Kingdom.

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the star, 5 January 2012The diversity at sEGi extends to its student population that hails from all corners of the globe, from different cultural and religious backgrounds. This colourful mix of local and international students provide sEGi students an enriching and holistic learning experience, making them citizens of the world.

the sun, 13 January 20122011 proved to be a very eventful year for sEGi Education Group. Winning multiple MyQUEsT awards for excellence in education, the group has set itself apart as an institution in pursuit of outstanding quality. sEGi’s services is thus becoming a brand name that inspires confidence among students and parents.

sin Chew, 14 January 2012世纪意识到酒店与旅游业所的蓬勃发展，同时也了解到业界对有能力提供一流服务的专业培训与知识人才的需求。因此，世纪以通过与国际领导如 Travelport 的伙伴建立策略性的伙伴合作关系，努力不懈的达成专业导向的目标。世纪国际教育集团提供各类备受认可的大专文凭与学士学位课程以协助欲往这个领域发展的准学生做好就业准备。

the star, 15 february 2012Music students of the Faculty of Creative Arts & Design (FoCAD) at sEGi are extremely lucky to be led by one of the best in the music industry – Mr Yii Kah Hoe –senior

Music Lecturer, who is also an accomplished award-winning composer and musician, highly acknowledged in the music circle in Malaysia and abroad.

the Borneo Post, 3 March 2012sEGi College sarawak is seen as the gateway for the Group to East Malaysia. Established with the prime objective of providing quality training to school leavers to prepare them for their future, sEGi College sarawak today stands as one of the largest private colleges in East Malaysia.

News straits times, 11 March 2012sEGi University is proving to be an asset to the government. The higher learning institute has been actively organising and introducing learning and training programmes in line with the government’s call to create skilled workers.

the star, 12 april 2012With a proud tradition of enriching students with the best skills and knowledge, sEG International Bhd has once again pooled its resources to sponsor RM50,000 worth of The star’s education pullout step Up for a good cause.

the star, 13 april 2012sEGi College Penang on the other hand has long established itself as one of the best institutions in providing tourism education in the state. Furthermore its location at the

centre of UnEsCo’s World Heritage City gives students the opportunity to observe and experience tourism once they step out of the campus.

utusan Malaysia, 21 april 2012PADA 8 Mac lalu, sEG International Bhd. (sEGi) diberi pengiktirafan sebagai salah satu daripada 10 pengguna tertinggi di dunia oleh pembekal sumber utama global, Emerald Group Publishing Limited.

the Borneo Post, 27 May 2012Petaling Jaya based sEGi University is no new-comer to the education scene and it is destined to play a pivotal role in the nation’s roadmap as the only educational institution to be name as the champion for two Entry Point Projects (EPPs).

New sabah times, 6 June 2012osK Research has maintained a ‘buy’ call on sEGi’s shares with unchanged fair value of RM2.19. “We continue to like sEGi and believe the emergence of navis Capital, which is now the single largest shareholder, will stir up trading interest in the company,” it said in a research note yesterday.

News straits times, 10 June 2012sEGi Education Group recently showed that it has gone far beyond its motto of ‘Passion Guided, Industry Driven”. To ensure that its students are well-trained with current industry-relevant skills and knowhow and


QUoTEs FRoM THE MEDIA

ready for the job market, sEGi has partnered up with a large consortium of industry players ever-willing to take in sEGi students for internship or employment.

the edge, 11 June 2012The outlook remains bright, underpinned by the introduction of between 20 to 30 programmes this year, particularly from an increasing number of sEGi University’s own homegrown programmes.

utusan Malaysia, 16 June 2012Bukan hendak medabik dada, tetapi ia memang realiti. Kualiti yang ada pada graduan kejururawatan sEGi tidak dapat disangkal. Buktinya, seramai 21 graduan Diploma Kejururawatan sEGi berjaya menarik minat dua buah hospital singapore dalam temu duga di sEGi University.

the edge, 9 July 2012sEG International Bhd (sEGi) remains one of the solid picks in the defensive yet growing education sector, underpinned by the increased popularity of its home-grown programmes and healthy rise in its student base.

the sun, 10 July 2012sEGi’s pharmacy degree programmes prepare graduates to be versatile so they would be able to apply their knowledge for any niche area of pharmaceutical practice or related fields.

the sun, 31 July 2012sEGi Education Group (sEGi) has a strong track record in providing Master of Business Administration programmes in Malaysia – it has been doing so for more than a decade and has a long list of successful postgraduates to show for it.

the Malay Mail, 2 august 2012“nonetheless, we believe that sEGi remains an attractive investment due to its long-term growth prospects,” RHB said in a research note yesterday, maintaining its “outperform” rating on the stock. – Reuters

the sun, 14 augustREGIsTERED nurses with a few years of working experience have an extra option available if they are looking to upgrade their qualifications with an internationally recognised UK degree. The Bsc (Hons) Professional Practice in nursing makes it possible for graduates to easily practise and find employment abroad. The degree is accepted in most countries, and it is undeniable that possession of a nursing degree greatly increases employability.

Harian Metro, 25 augustGRADUAn seni Kreatif dan Reka Bentuk serta Komunikasi Massa dari Kolej Universiti sEGi (sEGi) pasti tahu kepakaran mereka kerana program di sEGi ditawarkan mengikut minat masing-masing. Pelajar dikehendaki menggunakan pengetahuan dipelajari

dengan menganjurkan kempen dan acara, sekali gus mampu membina portfolio mereka dari peringkat awal kursus. Antara aktiviti terbaru dianjurkan membabitkan kempen ‘I Heart Batik’ kelolaan pelajar tahun akhir sekolah Pengajian Komunikasi sEGi. Batik melambangkan kebanggaan budaya dan seni Malaysia.

financial Daily, 24 september 2012We see competition escalating as these tertiary players jostle for the student intake in January 2013. should a price war occur, the bigger players like sEGi would have the least to lose given their economies of scale as well as a comfortable buffer in the event of a price revision.

Malay Mail, 10 octobersEGi UnIVERsITY GRoUP is dedicated to producing top quality nursing graduates. This is exemplified lately when 10 of its Diploma in nursing graduates from sEGi University scored outstanding results in the June 2012 Malaysia nursing Board Examination. From a single graduate earning a bronze in the Best nursing student Awards 2010, the school has leapt forward to 10 high achievers this year.

sin Chew, 6 December世纪再一次的展现其院校于优质教育上的承诺，毕业生与学生们的见证就是获颁这些殊荣最好的例证。


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student intake. … sEGi remains the top pick in the sector after it recorded a strong performance in FY11 performance.

osK Investment Research, 18 May 2012sEG International’s (sEGi) 1QFY12 core earnings of RM21.9m were in line with both our and consensus forecasts, at 24.3% and 22.6% of the annual projections respectively. Going forward, we continue to see strength in the company’s fundamentals as it introduces new homegrown programs, which would enhance margins.

osK Investment Research, 27 June 2012We applaud the move as it represents part of sEGi’s strategy to diversify from its stronghold in the tertiary education segment and to penetrate into the fast-growing private education sector. Following the Ministry of Education’s decision to remove the quota on Malaysian students in international schools in May this year, we expect the demand for private education to accelerate.

Kenanga Research, 27 June 2012We are positive on the group’s future plan here which is targeted to penetrate into the international school category. This, in our view, could further enhance the group’s reputation as well as getting it a new income source in the future.

Kenanga Resesarch, 3 July 2012sEG International (“sEG”) remains one of the solid picks in the defensive yet growing education sector underpinned by the increase popularity of its home-grown programmes and healthy rise in its student base. We are positive on sEG’s strategy into the downstream education segment by its venture into international schools as this could potentially provide a new income source to the group in the future. … We maintain our oUTPERFoRM call.

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Kenanga Resesarch, 26 January 2012our BUY call conviction on sEGi is reaffirmed, pegging its new fair value at the stock’s mid PER band of 14.5x on our FY12 EPs forecast of RM0.17. We believe sEGI deserves to trade back to at least its mid-range PER valuation band given the fact that its earnings would be growing almost at a CAGR of 38% over the next two years (FY12/FY13). In addition, sEGi to us is the top play in the defensive yet growing education sector.

Kenanga Resesarch, 29 february 2012sEGi’s full year core net profit of RM72.3m came in slightly higher than our expectations but within street’s, and accounted for 106% and 98% of ours and the street’s estimates, respectively.

Maybank IB Research, 10 april 2012The education sector was one of the worst performing sectors last year, falling 28% in the last 12 months versus a 2.2% gain on the FBMKLCI index, as it grappled with over-expansion, rising competition and lower


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because sEG usually records stronger 2H results as opposed to the 1H due to its higher students enrolment in its third quarter intake.

osK Investment Research, 31 July 2012sEG International’s (sEGi) 1HFY12 core earnings of RM36.3m were in line our expectations but below consensus estimates at 46.1% and 37.3% of the full-year projections respectively. We continue to like sEGi as the group looks to venture into pre-school, primary as well as secondary private education to propel earnings growth going forward. Maintain BUY.

utusan sarawak, 1 augustKUALA LUMPUR, selasa—osK Research sdn Bhd yang mengekalkan unjuran pendapatan sEG International(sEGi) Bhd sebanyak RM91.1 juta bagi tahun kewangan semasa dan RM104.9 juta untuk 2013, mengunjurkan prestasi yang lebih kukuh bagi separuh kedua tahun ini.

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ta securities, 31 July 2012The group has begun its expansion plan to become an integrated education player via the building of an international school. We are positive on the move due to overwhelming demand of international school especially for local students who are well off. Upon completion and opening of its enrollment in early 2015, we expect the school to further boost the group’s bottomline. … Bearing a potential capital upside of 24.8%, we maintain our Buy recommendation on the stocks.

RHB Research Institute, 31 July 2012sEGi recorded higher revenue of RM80.2m during 2Q12, boosted by the growth in student enrolment and the introduction of new homegrown and partner programmes.

Kenanga Resesarch, 31 July 20121H12 net profit of RM42.0m was deemed in line with expectations and accounted for 40.1% and 43.2% of ours and the street’s full year earnings estimates respectively. This is

the edge, 6 augustosK REsEARCH(JULY 31) i Y: sEG International’s(sEGi)1HFY2012 core earnings of RM36.3 million were in line with our expectations but below consensus estimates at 46.1% and 37.3% of full-year projections respectively. We continue to like sEGi as the group looks to venture into pre-school, primary and secondary private education to propel earnings growth going forward.

RHB Research Institute sdn Bhd, 2 Nov 2012sEGi’s venture into the international school segment (expected commencement in FY14/FY15) could be a potential re-rating catalyst for the stock in the future.

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CoRPoRATE GoVERnAnCE sTATEMEnTThe Board of Directors recognises and subscribes to the importance of the principles and recommendations set out in the Malaysian Code on Corporate Governance 2012 (“MCCG 2012”) as well as Bursa Malaysia securities Berhad’s Main Market Listing Requirements. The Board remains committed in ensuring the highest standard of corporate governance throughout the Group. The Board believes that their unwavering commitment and continued effort to strive for the best corporate governance practices are essential to business integrity and performance of the Group. The adoption of best corporate governance practices in the Group further protects and enhances shareholders’ values and assists to build sustainable business growth for the Group.

The Board of Directors of the Company is pleased to report to shareholders on the manner in which the Group has applied the principles of good governance and the extent to which it has complied with the best practices set out in MCCG 2012.

BoaRD of DIReCtoRs

Constitution of the Board and Board Balance

The Board, led by an Independent non-Executive Chairman, is currently made up of nine members, of whom four are Independent non-Executive Directors, two are non-Independent non-Executive Director and three are Executive Directors. The Board members comprise high calibre individuals who are professionals in their respective fields. They, with their different backgrounds and specialisations, collectively bring with them a wide range of experience and expertise primarily in legal, business, financial and academic fields. The mixture of skills and experience is vital to add value in governing the strategic directions of the Group and ensuring that the Group continues to be a competitive leader in the education industry. A brief profile of each Director is presented on pages 18 to 26.

There is a clear division of responsibilities between the Chairman and Group Managing Director to ensure that there is a balance of power and authority. The Chairman is responsible for ensuring Board’s effectiveness and conduct whilst the Group Managing Director has overall responsibility for the operating units, organisational effectiveness and implementation of Board’s policies and decisions.

The Executive Directors have direct responsibilities for business operations and performance. The presence of Independent non-Executive Directors fulfil a pivotal role in corporate accountability. Although all the Directors have equal responsibilities for the Group’s operations, the roles of these Independent non-Executive Directors are important. They provide independent and objective views, advice and judgement on issues of strategy, business performance and controls. The Independent non-Executive Directors always take account of the interests of the Group, shareholders and communities in which the Group conducts business as well as the public at large.

The Board is committed to the following principles when determining its composition:

• the Board is to comprise of Directors with the blend of skills, experience and attributes appropriate for the Company and its Group businesses; and

• the principal criterion for the appointment of new Directors is their ability to add value to the Company and its Group business.

The Board is supportive of gender diversity in the boardroom as recommended by the MCCG 2012 and has included a lady Director on the Board.

The current size of the Board is appropriate and conducive for efficient deliberations at Board meetings and effective decision making.

Duties and Responsibilities of the Board

The Board has overall responsibility for corporate governance, strategic direction and overseeing the investments of the Group and of the Company.

The primary role of the Board is to provide effective governance over the Group’s affairs to ensure the interests of shareholders are protected and the confidence of the investment market is maintained whilst having regard for the interests of all stakeholders including customers, employees, suppliers and local communities. The Board guides and monitors the business and affairs of the Company on behalf of the shareholders by whom they are elected and to whom they are accountable.


CoRPoRATE GoVERnAnCE

sTATEMEnT

The Board’s key responsibilities are to:

• oversee the overall strategic plan and performance of the Group’s businesses and develop initiatives for profit and asset growth;

• oversee, evaluate and monitor the conduct of business of the Company and the Group and their corporate strategies;

• approve and monitor financial and other reporting as required;• identify business risks and ensure that the appropriate risk

management framework, internal control systems, code of conduct and compliance frameworks are in place and operating effectively and efficiently;

• approve and monitor the progress of major capital expenditure, capital management and acquisitions and divestments;

• ensure that appropriate corporate governance and the adequacy and integrity of the management information and internal control systems are established and maintained;

• establish a succession plan, including ensuring all candidates appointed to senior management positions are of sufficient calibre and programmes are in place to provide for the orderly succession of senior management;

• ensure that the Board continues to have the blend of skills, experience and attributes appropriate for the Company and its businesses, and to this end ensure, that appropriate Directors are selected and appointed as required;

• monitor the performance of the Company’s management and ensure appropriate resources are available to the management; and

• develop and implement an effective communication channel between the Board, shareholders and general public.

Board Charter

The Board adopted its Board Charter in 2012 to uphold the core values of integrity and enterprise with due regard to their fiduciary duties and responsibilities.

The Board Charter sets out the role, function and composition of the Board and is to ensure that all Board members acting on behalf of the Company are aware of their duties and responsibilities as Board members.

The Board Charter would act as a source reference and primary induction literature, providing insights to prospective Board members and senior management. It will also assist the Board in the assessment of its own performance and that of its individual Directors.

The Board Charter will be reviewed periodically and updated in accordance with the needs of the Company and any new regulations that may have an impact on the Board’s responsibilities.

Code of Conduct (“the Code”)

The Board adopted the Code in 2012 to address matters relevant to the Company’s legal obligations as well as other obligations to its stakeholders. The Code sets out ethical standards which includes an appropriate communication and feedback system to facilitate whistle-blowing. Any employee who knows of, or suspects a violation of the Code, is encouraged to whistle blow or report their concerns through the Whistle Blowing Policy.

Board meetings

The Board meets on a scheduled basis, at least once every quarter with additional meetings held as and when urgent issues arise and important decisions are required to be made between the scheduled quarterly meetings. The Board has a formal schedule of matters reserved to it for decision, including the approval of annual and quarterly results, major acquisitions and disposals, material contracts or agreements, major capital expenditures, major decisions affecting business operations and performance of the Group. All Board members carry an independent judgement when deliberating matters concerning the Group including strategy, operations, performance, finance, resources and standard of conduct.

senior management staff and/or external advisors may be invited to attend the Board meetings to advise the Board on issues under their respective purview.

During the year ended 31 December 2012, seven meetings were held. A summary of attendance for each of the Board of Directors are as follows:

Name of Directors No. of meetings attended

Tan sri Dato’ seri Megat najmuddin bin Dato’ seri Dr. Haji Megat Khas 7 out of 7Dato’ sri Clement Hii Chii Kok 7 out of 7Lee Kok Cheng 7 out of 7Hew Moi Lan 7 out of 7Dato’ sri Chee Hong Leong 7 out of 7nicholas Rupert Heylett Bloy (appointed on 2 April 2012) 4 out of 5Tan Chow Yin (appointed on 2 April 2012) 5 out of 5


Name of Directors No. of meetings attended

Amos siew Boon Yeong 7 out of 7Goh Leng Chua 7 out of 7Dato’ (Dr.) Patrick Teoh seng Foo

(resigned on 2 April 2012) 2 out of 2Datu Haji Putit bin Matzen (resigned on 2 April 2012) 2 out of 2Foo san Kan (resigned on 2 April 2012) 2 out of 2

access to Information

Board meetings are structured with a pre-set agenda, whereby prior to each Board meeting, all Directors are provided with a set of Board papers containing information relevant to the business of the meeting to facilitate decision making. The Board has unrestricted access to all information pertaining to the Group’s affairs and the services of the Company secretaries. If necessary, the Directors are at liberty to seek independent professional advice on matters relating to the fulfilment of their roles and responsibilities at the Company’s expense to enable them to discharge their duties effectively.

Company secretaries

The Company secretaries advise and support the Board on matters in relation to corporate governance, compliance with laws, rules, procedures and regulatory requirements. The Company secretaries are responsible to the Board for the administration of the Board and in ensuring that the Board carries out its roles and responsibilities in accordance with the Company’s Articles of Association and the applicable laws and regulations.

The Company secretaries attend the Board and Board Committee meetings and ensure all meetings are properly convened, and the records of proceedings are duly minuted and maintained in the statutory register of the Company. The Board is updated by the Company secretaries on matters requiring follow up or implementation.

Board Committees

The Board assumes responsibility for effective stewardship and control of the Group. It delegates certain responsibilities to the Board Committees as described below with clearly defined terms of reference and the Board receives reports of their proceedings and deliberations. Where committees have no authority to make decisions on matters reserved for the Board, recommendations would be highlighted for

the Board’s approval. The chairman of the various committees reports the outcome of the committee meetings to the Board, and the minutes of the various committees are enclosed in the board papers at the following Board meetings.

• Nominating Committee

The nominating Committee is entrusted with the specific task of identifying and recommending new nominees to the Board. The Board has the final decision on appointments after considering the recommendations of the committee.

The committee assesses the candidate(s) based on his/her competencies, commitment and contribution. The nominees are expected to confirm and undertake that they will have sufficient time to meet the Board’s expectations and will notify the Chairman before accepting any new directorship or taking up additional roles.

The process for identifying and nominating new candidate(s) for appointment entails the following steps:

stage 1 : Identification of candidate(s)stage 2 : Evaluation of suitability of candidate(s)stage 3 : Recommendation to the Board for approval.

The nominating Committee conducts annual assessment of the Board in respect of their skills, experience and contributions, as well as of its Independent Directors to assess whether the Independent non-Executive Directors are able to discharge their duties with unbiased and independent judgement. There is no maximum tenure for an Independent Director as the Board is of the opinion that the ability of a Director is very much a function of his calibre, qualification, experience and personal qualities, particularly of his integrity and objectivity, regardless of his tenure as an Independent non-Executive Director.

In respect of the financial year under review, the committee conducted a self-appraisal programme to assess the performance of the Directors of the Company. The duties of the committee include evaluating the effectiveness of the Board as a whole and the various board committees, and reviewing the mix of skills, experience and expertise of each Director and their contributions to the effectiveness of the decision making process of the Board.

CoRPoRATE GoVERnAnCEsTATEMEnT


The nominating Committee comprises non-Executive Directors, as follows:

tan sri Dato’ seri Megat Najmuddin bin Dato’ seri Dr. Haji Megat Khas - Chairman Independent non-Executive Director

Dato’ sri Chee Hong Leong - MemberIndependent non-Executive Director

Nicholas Rupert Heylett Bloy - Membernon-Independent non-Executive Director

The Board noted that whilst the Bursa securities Listing Requirements did not prescribe the chairmanship for the nominating Committee, the nominating Committee should be chaired by a senior independent director, pursuant to the recommendation of the MCCG 2012. The nominating Committee of the Company is not chaired by a senior independent director. However, the Board is satisfied that Tan sri Dato’ seri Megat najmuddin bin Dato’ seri Dr. Haji Megat Khas is capable to be the Chairman of the nominating Committee and the committee is able to discharge its duties effectively through a formal and transparent process, in compliance with applicable law and regulations and high standards of corporate governance.

The committee met twice during the year under review.

• Remuneration Committee

The Remuneration Committee is responsible for developing the remuneration policy framework and to make recommendations to the Board on the remuneration packages of the Directors. The Executive Directors do not participate in decisions relating to their remuneration. The Board as a whole determines the remuneration of the Directors. The individual concern abstains from participating in decisions in respect of his/her individual remuneration.

The Remuneration Committee carried out an annual review of the Directors’ remuneration whereupon recommendations were submitted to the Board for approval. The Board is mindful that fair remuneration is critical to attract, retain and motivate the Directors of the Company.

The Remuneration Committee consists of a majority of non-Executive Directors, as follows:

tan sri Dato’ seri Megat Najmuddin bin Dato’ seri Dr. Haji Megat Khas - Chairman Independent non-Executive Director

Dato’ sri Clement Hii Chii Kok - Member Group Managing Director

Dato’ sri Chee Hong Leong - MemberIndependent non-Executive Director

tan Chow Yin - Membernon-Independent non-Executive Director

The committee met twice during the year under review.

• executive Committee (“exco”)

The Exco was established by the Board of Directors on 15 May 2012. The objective of the Exco is to review prior month’s financial performance and other opportunities and threats arising from that particular month. The Exco reports to the Board and is authorised to transact business activities of the Group subject to certain limitations set out in the terms of reference.

The Exco members shall consist of no less than three members of the Board. The Exco comprises the following:

Dato’ sri Clement Hii Chii Kok - Chairman Group Managing Director

tan Chow Yin - Membernon-Independent non-Executive Director

Lee Kok Cheng - Member Group Deputy Managing Director

Hew Moi Lan - MemberExecutive Director/Chief Executive officer


sTATEMEnT


The associate members of the Exco comprise certain senior management of the Group and representatives from a major shareholder. Heads of corporate departments and other representatives of the major shareholder may be called or invited to attend as and when required.

The committee met seven times during the year under review.

• audit Committee

The Audit Committee assists the Board in discharging its duty in maintaining a sound internal control system to safeguard the shareholders’ investment and the Company’s assets.

The terms of reference and further information on the Audit Committee are set out in the Report of the Audit Committee.

• Risk Management Committee

The Risk Management Committee is established to oversee the implementation of the risk management system in the Group. The committee reports directly to the Board and assists the Board in overseeing the management of risk issues and reviews the effectiveness of internal controls within the Group.

The main features of the risk management framework and internal control system are set out in the statement on Risk Management and Internal Control.

The Risk Management Committee consists of the following members:

Lee Kok Cheng - ChairmanGroup Deputy Managing Director

amos siew Boon Yeong - MemberIndependent non-Executive Director

Hew Moi Lan - MemberExecutive Director/Chief Executive officer

The Group recognises that risk is an integral and unavoidable component of its business and is committed to managing all risks in a proactive and effective manner. The Risk Management Committee is assisted by a RMC Working Committee.

A Risk Management Working Committee, comprises the heads from various business units and corporate departments, was formed to identify, evaluate and manage risks that affect the operation and performance of the Group. The principal risks identified will then be highlighted in the Risk Management Committee meetings, Audit Committee meetings and Board meetings. Appropriate actions were proposed and implemented to mitigate the risks to an acceptable level.

The Risk Management Committee met twice during the year under review.

Re-election

In accordance with the Articles of Association of the Company, all Directors who are appointed by the Board are subject to retirement and eligible for election by shareholders at the annual general meeting following their appointment. The remaining Directors will retire at regular intervals by rotation at least once every three years and shall be eligible for re-election.

Independence of Directors

An Independent Director is a non-Executive Director who is not a member of the Company’s management and who is free of any business relationship or other relationship that could materially interfere with the independent exercise of their judgement. The Board will regularly assess whether an Independent Director remains independent under the annual Board Assessment.

When determining the independent of a Director, the Board will consider whether the Director fulfils the “independence” requirement pursuant to the Main Market Listing Requirements of Bursa Malaysia securities Berhad.

The Board assesses the independence of its Independent Directors annually. In its annual review, the Board concluded that all Independent Directors continue to be independent and are free from business relationship or other circumstances that could materially interfere with their exercise of objective, unfettered and independent judgement.

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The Company will seek shareholders’ approval at the forthcoming annual general meeting to retain Mr. Amos siew Boon Yeong as an Independent Director in accordance with Recommendation 3.3 of the MCCG 2012 as the Board is of the opinion that the ability of a Director is very much a function of his calibre, qualification, experience and personal qualities, particularly of his integrity and objectivity, regardless of his tenure as an Independent non-Executive Director.

training and Development of Directors

Mandatory Accreditation Programme will be organised for newly appointed Directors, if necessary. The Directors who have completed the Mandatory Accreditation Programme continuously attended various training programmes to stay abreast with developments in the market place and new statutory and regulatory requirements. The Board recognises the importance of Directors being kept abreast with industry development and trends. The Directors are also regularly updated on new and relevant statutory as well as regulatory guidelines from time to time during the Board meetings.

The Company regularly identifies relevant training programmes, either internal or external, for the Directors and members of the Board Committees. During the year under review, the Directors attended education programmes and seminars in connection to the relevant changes in laws, regulations, capital market developments, business environment, corporate governance, risk management, leadership and business management to stay abreast with developments in the market place. Among the relevant programmes/trainings attended were as follows:

• Black Swan – Transformation of Risks • Alternative Investments Symposium (AIS), Maimi • Breakfast Talk – NLP • Breakfast Talk – How Great Companies Think Different • Refocusing on Southeast Asia – The Darlings of the 1990’s • BCG PE Strategic Exchange Breakfast Session • Breakfast Talk – Collaborative Intelligent • Corporate Governance Blueprint and Malaysian Code of Corporate

Governance 2012 • 2012 BCG Southeast Asia Challengers – The Companies Piloting a

soaring Region • National Tax Conference 2012 • Mandatory Accreditation Programme for Directors of Public Listed

Companies • The Transfer Pricing Seminar 2012 • EMPEA Conference

117

• Super Return Asia Hong Kong – Outlook for Asian Private Equity & Venture Capital

• Seminar Percukaian Kebangsaan 2012 • Global Turbulence – Regional Success: An Update on PE Across

Asia • Breakfast Talk – Living Hope • Workshop with SEGi – Service Excellence • The Localisation of Local Firms • Workshop with SEGi College Penang – Service Excellence • MIA Conference 2012 • Global Emerging Markets Alternatives Conference – Outlook for

Emerging Market • Workshop with McKinsey – SEGi towards Tier-1 • T&I Southeast Asia• AVCJ Indonesia • PEI-HK• MTU (M) Services Sdn Bhd – What Directors & Senior Management

should Know• World Oil & Gas Conference• Persidangan SSM “Management of Corporate Governance,

Creating Value, Tranforming Economy”• Value Management Conference• Malaysia Oil & Gas Services Conference• Human Resources Conference – Performance And Rewards• Biomass Seminar• Seminar on Regulatory Updates, Governance And Current Issues

For Directors on PLC’s 2012• Conference on “Enhancing Organisational Sustainability Through

Effective Leadership”• Personal Data Protection Conference


sTATEMEnT


The Board will continue to evaluate and determine the training needs of its Directors on an ongoing basis.

Directors’ Remuneration

The remuneration policy is designed to support key business strategies and create a strong, performance-orientated environment. The objective of the policy is to attract, motivate and retain Directors/talent of calibre needed for the achievement of the Company’s strategic objectives. The remuneration of the executive directors is structured so as to link rewards to their performance. The non-executive directors are paid annual fees for their contributions to the Company.

The details of the remuneration for the Directors of the Company for the year under review are as follows:

1. Aggregate remuneration of each Director

salary fee other emoluments

executive DirectorsDato’ sri Clement Hii Chii Kok 505,200 - 60,624Lee Kok Cheng 483,000 - 57,960Hew Moi Lan 503,750 - 85,050Dato’ (Dr) Patrick Teoh seng Foo (resigned on 02/04/2012) 400,000 - 58,383

Non-executive DirectorsTan sri Megat najmuddin bin Dato’ seri Dr. Hj Megat Khas - 82,000 -Dato’ sri Chee Hong Leong - 48,000 -nicholas Rupert Heylett Bloy (appointed on 02/04/2012) n/A n/A n/A Tan Chow Yin (appointed on 02/04/2012) n/A n/A n/A Amos siew Boon Yeong - 55,000 -Goh Leng Chua - 48,000 -Datu Haji Putit bin Matzen (resigned on 02/04/2012) - 12,000 -Foo san Kan (resigned on 02/04/2012) - 12,000 -

Notes i. Other emoluments include benefits-in-kind and statutory contributions.ii. Nicholas Rupert Heylett Bloy and Tan Chow Yin agreed to waive their directors’ remuneration in respect of their appointment as Directors

of the Company

2. Aggregate remuneration of Directors in respective bands of RM50,000

Number of DirectorsRange of Remuneration executive Non-executive

nil - 2Below RM50,000 - 4RM50,001 to RM100,000 - 2RM450,001 to RM500,000 1 -RM500,001 to RM550,000 1 -RM550,001 to RM600,000 2 -

Note: Successive bands of RM50,000 are not shown entirely as they are not represented.

118



sHaReHoLDeRs

Relationship with shareholders and Investors

The Board recognises the importance of an effective communication channel between the Board, shareholders and general public. The Board acknowledges the need for shareholders and other stakeholders to be informed of all material business matters affecting the Company.

Recognising the importance of timely dissemination of information to shareholders and other stakeholders, the Board is committed to ensure that the shareholders and the general public would have an easy and convenient access to the Group’s latest financial results, press releases, annual reports and other corporate information through the following channels:

• The various disclosures and announcements to Bursa Malaysia securities Berhad (“Bursa securities”) including quarterly and annual results via www.bursamalaysia.com;

• The Company’s website at www.segi.edu.my; and• The Company’s investor relations website at SEGi.investor.net.my

The Company also conducts press conferences and regular meets with analysts to update them on the latest development of the Company. Analyst reports are available to the public via the Group’s investor relations website at sEGi.investor.net.my. The Head of Investor Relations Department and the Company secretary are responsible for ensuring that the information contained in the investor relations website is accurate and up-to-date.

The Group welcomes inquiries and feedbacks from shareholders and other stakeholders. All queries and concerns regarding the Group may be conveyed to the following persons:

i. Cheryl Chong Poh Yee senior Vice President, Group Corporate strategies & Finance

ii. Hew Ling sze Company secretary

Telephone number : 603-6287 3777Facsimile number : 603-6145 2679Email : [email protected]

The Board has appointed Mr. Amos siew Boon Yeong, a senior Independent non-Executive Director, to whom all concerns regarding the Company may be conveyed.

annual General Meeting (“aGM”)

The AGM provides a platform for two-way communication between the Company and shareholders. The Chairman and the Board encourage shareholders to attend and participate in the AGM. shareholders are given the opportunity to seek clarification on any matters pertaining to the business and financial performance of the Group.

Corporate Disclosure Policy

The Company is committed to provide timely, accurate and credible disclosure of material information, in compliance with disclosure requirements of Bursa Malaysia securities Berhad Main Market Listing Requirements and all other applicable legal and regulatory requirements, in order to keep our stakeholders, shareholders and other market participants fully informed and to enable orderly behavior in the market.

The Company has in place policies and procedures to ensure comprehensive, accurate and timely disclosures. The objectives of the Disclosure Policy are to develop and maintain realistic investor expectations by ensuring all required disclosures are made on a broadly disseminated basis. It is imperative to ensure all our stakeholders and shareholders have equal access to such information. Contacts and communication with stakeholders, shareholders, other market participants or regulatory authorities are conducted through the authorised spokesperson or any other officers as may be authorised by the authorised spokesperson.

aCCouNtaBILItY aND auDIt

financial Reporting

The Board aims to present a balanced and understandable assessment of the Group’s financial performance and prospects to the shareholders, primarily through its annual financial statements and unaudited interim results as well as other corporate announcements, the Chairman’s statement and other reports in the Annual Report. The Audit Committee assists the Board in reviewing annual financial statements and unaudited interim results to ensure accuracy and adequacy.

Internal Control

Information on the Group’s internal control is presented in the statement on Risk Management and Internal Control which appears in the ensuing pages of this report.

119


sTATEMEnT


Relationship with auditors

The role of the Audit Committee in relation to external auditors is described in the Audit Committee Report set out in the ensuing pages of this Annual Report. The Company has maintained a close and transparent relationship with its auditors in seeking professional advice and ensuring compliance with applicable approved accounting standards in Malaysia.

The Audit Committee performs annual assessment to assess the objectivity, performance and independence of the external auditors, including the performance and quality of work and non-audit services provided.

CoRPoRate ResPoNsIBILItY

The Board believes that effective corporate responsibility is of benefit to its businesses and, in turn, to its shareholders. The Group has actively integrated corporate responsibility initiatives as part of our business operations. The Group’s corporate responsibility initiatives are explained in our Corporate Responsibility section in this annual report.

ReLateD PaRtY tRaNsaCtIoNs

An internal compliance framework exists to ensure that the Group meets its obligations under the Main Market Listing Requirements for any related party transactions and conflict of interest situation which may arise within the Company or the Group. The Board, through the Audit Committee, reviews material related party transactions, if any. A Director who has an interest in a transaction will abstain from deliberating and voting on the relevant resolution in respect of such transaction at the Board meeting.

wHIstLe-BLowING PoLICY

The Group has a whistle-blowing policy to provide employees with an accessible avenue to report in good faith of any suspected wrongdoing which includes suspected fraud, misappropriation of assets, criminal breach of trust, corruption, questionable or improper accounting records, misuse of confidential information and acts or omissions which are deemed to be against the interest of the Company, laws, regulations or public policies.

The employees are encouraged to report any misfeasance by any persons in the workplace to the appropriate parties within the Group. Proper investigations on all allegations or reports from within and outside the Group will be carried out to ensure that all concerns received are appropriately accounted for and reported to the right channel.

should the employees still have concerns after the investigation(s) or if the employees feel the matter is so serious that it cannot be discussed with the parties concerned, they are able to bring their concerns to Mr. Amos siew Boon Yeong, the senior Independent non-Executive Director and Chairman of the Audit Committee.

CoRPoRate INteGRItY PLeDGe

The Group recognises the Anti-Corruption Principles for Corporations in Malaysia and is committed to promote integrity, transparency and good governance in all aspects of its operations.

sEGi believes that the best interests of the company and long-term value to shareholders will ultimately be preserved by conducting business free from corruption and in accordance with the highest principles of integrity.

CoMPLIaNCe stateMeNt

The Board has taken steps to ensure that the Group has complied with the principles and recommendations of the MCCG 2012.

This statement was approved by the Board of Directors on 15 April 2013.

120



oTHER InFoRMATIon REQUIRED BY THE BURsA sECURITIEsLIsTInG REQUIREMEnTs

1. utilisation of Proceeds Raised from Corporate Proposals

There were no proceeds raised from corporate proposals in the year under review.

2. share Buy-back

During the year ended 31 December 2012, the Company bought back 2,000 of its own ordinary shares of RM0.25 each at the total consideration of RM4,016. The shares bought back were held as treasury shares in accordance with section 67A of the Companies Act, 1965.

none of the shares purchased were being cancelled during the year.

Details of the movement of treasury shares during the year were as follows:-

Purchase Price average Cost No. of shares Per shareMonthly Breakdown Purchased (RM) Per share total

Lowest Highest RM RM

shares bought back March 2012 1,000 1,870 1,870 1,870 1,912August 2012 1,000 2,060 2,060 2,060 2,104

2,000 4,016

As at 31 December 2012, the total treasury shares held by the Company was 26,041,600 shares of RM0.25 each.

3. options, warrants or Convertible securities

As at 31 December 2012, there were 106,182,060 new ordinary shares of RM0.25 each issued pursuant to the exercise of Warrants.

save as disclosed above, there were no options or convertible securities issue during the year under review.

4. Depository Receipt Programme

The Company did not sponsor any Depository Receipt Programme during the year.

5. sanctions and/or Penalties

During the year, there were no major sanctions and/or penalties imposed on the Company or its subsidiary companies, Directors or management by the relevant regulatory authorities.

6. Non-audit fees

Messrs Crowe Horwath was engaged for the review of the statement on risk management and internal control with the non-audit fee of RM5,000 during the year ended 31 December 2012.


oTHER InFoRMATIon REQUIREDBY THE BURsA sECURITIEsLIsTInG REQUIREMEnTs

7. variation in Results

There was no material variance in results between the audited results for the year ended 31 December 2012 and the unaudited results previously announced.

8. Profit Guarantee

There was no profit guarantee given to the Company during the year under review.

9. Material Contracts

There were no material contracts entered into by the Company and its subsidiaries, involving the interest of directors and major shareholders, either still subsisting at the end of the year or entered into since the end of the previous year.

10. Revaluation Policy on Landed Properties

The Company does not have a policy to revalue its landed properties.

11. Recurrent Related Party transactions of a revenue or trading nature

There were no recurrent related party transactions of revenue nature which required shareholders’ mandate during the year ended 31 December 2012.

12. Internal audit function

During the year under review, the Company incurred expenses amounting to RM206,000 for the internal audit function.


sTATEMEnT oF DIRECToRs’ REsPonsIBILITIEs In REsPECT oF THE AUDITED FInAnCIAL sTATEMEnTsThe Board is responsible for ensuring that the financial statements of the Group give a true and fair view of the state of affairs of the Group and of the Company as at the end of the year, and of their results and cash flows for the year then ended. The Directors also ensured that the financial statements are drawn up in accordance with the applicable approved accounting standards in Malaysia and the provisions of the Companies Act, 1965.

In preparing the financial statements, the Directors have adopted and consistently applied suitable accounting policies and made reasonable and prudent judgements.

The Directors are also responsible for taking such steps as are reasonably open to them to safeguard the assets of the Group and to prevent and detect fraud and other irregularities.

This statement was approved by the Board of Directors on 15 April 2013.


The Board of Directors is pleased to present the Audit Committee Report for the year ended 31 December 2012.

MeMBeRsHIP

The Audit Committee comprises:

amos siew Boon Yeong - Chairman, Independent non-Executive Directortan Chow Yin - non-Independent non-Executive DirectorGoh Leng Chua - Independent non-Executive Director

attendance of MeetingsDuring the year under review, a total of five meetings were held on 28 February 2012, 20 March 2012, 15 May 2012, 30 July 2012 and 1 november 2012. Attendance of each member was as follows:

audit Committee Members No. of meetings attended

Amos siew Boon Yeong 5/5Tan Chow Yin (appointed on 26 April 2012) 3/3Goh Leng Chua 5/5 Foo san Kan (resigned on 2 April 2012) 2/2

teRMs of RefeReNCe of tHe auDIt CoMMIttee

The Audit Committee (“the Committee”) is governed by the terms of reference that were formally endorsed by the Board on 11 May 2001 and have been reviewed from time to time. The terms of reference are set out as follows:

objectives

The principal objectives of the Committee are to review the adequacy and the integrity of the Company’s internal control system and management information system, including systems for compliance with applicable laws, regulations, rules, directives and guidelines, as well as to oversee the conduct of the Company’s businesses.

The Committee provides assistance to the Board in fulfilling its fiduciary responsibilities, particularly in areas related to financial accounting and reporting practices, as well as operation and management controls. This is to ensure conformity with good corporate governance, transparency, integrity and accountability in the conduct of the Group’s activities so as to safeguard the rights and interests of the shareholders.

AUDITCoMMITTEE REPoRT

Composition

The Committee shall consist of at least three members. All the Committee members must be non-executive Directors, with a majority of them being independent. The Chairman shall be an Independent non-Executive Director. At least one member of the Committee must be a member of the Malaysian Institute of Accountants or if he is not, then he must be a person who complies with the requirements of Paragraph 15.09 of the Main Market Listing Requirements of Bursa Malaysia securities Berhad (“Main Market Listing Requirements”).

In the event of any vacancy in the Committee resulting in the non-compliance of subparagraph 15.09(1) of the Main Market Listing Requirements, the vacancy must be filled within three months.

The term of office and performance of the Committee and each of the members shall be reviewed by the Board of Directors at least once every three years to determine whether the Committee and its members have carried out their duties in accordance with the Terms of Reference.

Meetings

The Committee shall meet not less than four times a year. A quorum shall consist of two members, with independent directors forming the majority.

Certain members of senior management shall attend meetings by invitation of the Committee. The external auditors will be present at certain meetings to report to the Committee on their audit plan, their audit report, any major audit findings and any other specific issues. The Committee also meets at least twice a year with the external auditors without the management present.

The secretary shall be responsible for drawing up the agenda and circulating it, supported by explanatory documentation to the Committee members prior to each meeting.

The secretary shall also be responsible for keeping the minutes of the Committee, and circulating them to each member of the Committee and of the Board of Directors. The Chairman of the Committee shall report on each meeting to the Board. The secretary to the Committee shall be the Company secretary.


vii. the quarterly results and year end financial statements, prior to the approval by the Board of Directors, focusing particularly on:• changes in or implementation of major accounting

policies and practices;• significant adjustments arising from the audit;• significant and unusual events; and• compliance with accounting standards and legal

requirements;

viii. any related party transaction and conflict of interest situation that may arise within the Company or Group including any transaction, procedure or course of conduct that raises questions of management integrity and transparency; and

ix. external auditors’ management letter and management’s responses.

b) to consider the appointment of the external auditors, the audit fee and any questions on resignation or dismissal;

c) to recommend the nomination of a person or persons as external auditors; and

d) such other functions as the Board may from time to time determine.

aCtIvItIes DuRING tHe YeaR

During the year under review, the following were the activities of the Committee:

• Reviewed the external auditors’ scope of work and audit plans for the year prior to the audit with the representatives from the external auditors who presented their audit strategy and plan.

• Reviewed with the external auditors the results of the audit and the audit report and considered the major findings by the external auditors and the management’s responses thereto.

• Reviewed the assistance given by the Group employees to the auditors.

• Considered and recommended to the Board for approval the audit fees payable to the external auditors as disclosed in the notes to the financial statements.

authority

The Committee is authorised by the Board:

a) to investigate any matter within its terms of reference;

b) to have the resources which are required to perform its duties;

c) to have full and unrestricted access to any information pertaining to the Group and the Company;

d) to have direct communication channels with the external auditors and person(s) carrying out the internal audit function or activity;

e) to obtain independent professional or other advice as necessary; and

f) to convene meetings with the external auditors, the internal auditors or both, excluding the attendance of other directors and employees of the Company, whenever deemed necessary.

functions

The functions of the Committee are as follows:

a) to review the following and report the same to the Board of Directors:

i. with the external auditors, the audit plan;

ii. with the external auditors, their evaluation of the system of internal controls;

iii. with the external auditors, their audit report;

iv. the assistance given by the Company’s employees to the external auditors;

v. the adequacy of the scope, functions, competency and resources of the internal audit function and that it has the necessary authority to carry out its work;

vi. the internal audit programme, processes, the results of the internal audit work undertaken and whether or not appropriate actions are taken on the recommendations of the internal audit function;

AUDITCoMMITTEE

REPoRT


AUDITCoMMITTEEREPoRT

• Performed annual assessment to evaluate the objectivity, performance and independence of the external auditors, including the performance and quality of work provided.

• Reviewed the quarterly reports of the Group and year end financial statements of the Company and the Group before recommending for the Board’s approval.

• Reviewed the related party transactions entered into by the Company and the Group and the disclosure of such transactions in the annual report of the Company.

• Reviewed the Company’s compliances, in particular the quarterly reports and year end financial statements, with the provisions of the Companies Act, 1965, Main Market Listing Requirements, applicable approved accounting standards in Malaysia and other relevant legal and regulatory requirements.

• Reviewed the Company’s Statement on Risk Management and Internal Control prior to approval by the Board.

• Reviewed the effectiveness of the internal audit process, audit function resource requirements, and assessed the performance of the internal auditors.

• Reviewed the programmes and internal annual audit plan for the current financial year to ensure adequate scope and comprehensive coverage of the activities of the Company and the Group.

• Reviewed with the internal auditors, important issues highlighted including the management’s responses and the follow-up action plans implemented.

• Reviewed the extent of the Group’s compliance with provisions set out in the Malaysian Code on Corporate Governance (“the Code”) in relation to financial reporting and Internal Audit function.

• Recommended to the Board action plans to address identified gaps between the Group’s existing corporate governance practices and the prescribed corporate governance principles and best practices under the Code.

• Met with the external auditors independently without the presence of the management.

• Met with the internal auditors independently without the presence of the management.

INteRNaL auDIt fuNCtIoN

The Audit Committee is supported by the in-house and independent Internal Audit Department who performs the internal audit function for the Group. The main role of the Internal Audit Department is to review the effectiveness of the system of internal control and risk management within the Group and this is performed with impartiality, proficiency and due professional care.

It is the responsibility of the Internal Audit Department to provide the Audit Committee with independent and objective report on the state of internal control of the various operating units within the Group and the extent of compliance with the Group’s established policies and procedures as well as the relevant statutory requirements.

During the year, the Internal Audit Department has performed audits on Group’s Institutions and corporate departments in accordance to the approved Internal Audit Plan. The completed audit reports were presented to the Audit Committee for deliberation and follow-up audits were also performed to ensure Management had addressed the control weaknesses accordingly.

The Audit Committee Report was approved by the Board of Directors on 15 April 2013.


sTATEMEnT onRIsK MAnAGEMEnT & InTERnAL ConTRoLINtRoDuCtIoN

The Board of Directors (“Board”) is pleased to outline the state of risk management and internal control of the Group for the financial year ended 31 December 2012.

RIsK MaNaGeMeNt - MaIN featuRes

a. The risk management exercise which includes risk profile at Centre and Group level respectively is performed based on approved Risk Profile Framework.

b. The main objective of the risk profile is to compile the business risks of the Company which will be the basis for the management to effectively control and manage their operations by focusing on the high risks areas.

c. Major potential risks and controls in relation to the business of the colleges are assessed and reviewed in terms of their likelihood and impact to the Group.

d. Business risks which are strategic, financial and operational, in nature which could significantly impact the Company’s ability to accomplish its objectives have been identified and are weighted and scored based on its probability of occurring and its impact on the Company.

e. They are grouped and prioritised using the Risk Matrix which will form the Risk Registers of the Company.

f. The Risk Registers will then be regularly updated of any changes in terms of the control environment devised by the management and business circumstances of the colleges.

g. The Risk Management Committee (RMC)

• The Board has entrusted the RMC to review the Risk Management processes within the Group. During the year, two meetings had been conducted to review and monitor the significant risks and relevant mitigating controls have been identified and documented in the Risk Profile. The outcomes of the RMC meetings were presented to the Board accordingly.

• The RMC is assisted by the Risk Management Working Committee (RMWC) which comprised of senior Management to monitor and ensure relevant controls to mitigate significant business risks within the Group’s institutions and business units in the day to day operations. During the year, the RMWC had also met twice to discuss statuses of risks and mitigation controls prior to each RMC meeting.

INteRNaL CoNtRoL – MaIN featuRes

a. The planning and management of the Group’s business operations are well documented in the Group organisational Chart approved by the Group Managing Director.

b. Key business processes of the Group are governed by the standard operating Procedures to ensure consistency in delivery of quality academic and support services to students, integrity and timeliness of the Financial statements, as well as good governance processes in engagement of goods and services and payments to suppliers. The Group has implemented Iso certification on the examinations departments of the Group’s key institutions in order to further enhance the integrity of the examination processes.

c. Business strategies, sales targets and budgets are set by Key Management together with Heads of Business units. These targets and budgets together with any major operational issues are regularly monitored and discussed at the Management meetings.

d. An executive committee comprising Executive Directors, a non-Executive Director and senior management has been set up during the year. this committee meets monthly to review the financial performance of the Group and other strategic business matters.

e. The Executive Directors and Group senior Management report to the Board the financial performances of the Group during the regular Board meetings. Major investments and business strategies are also discussed and approved by the Board.

f. An independent Procurement Quality Assurance department, supported by a Technical Procurement Committee, evaluates requests for major purchases to ensure competitiveness, quality and transparency in the sourcing and recommendations made by the users.


sTATEMEnT onRIsK MAnAGEMEnT &InTERnAL ConTRoL

g. The safety and Health Committee has been set up to review the occupational safety and health procedures within the Group’s institutions.

h. Key functions such as finance and treasury, legal, human resource, regulatory, skilled-based training and group development matters are controlled centrally to ensure consistency in the setting and application of policies and procedures relating to these functions, and reduce duplication of works, thereby promoting efficiency in the Group.

tHe BoaRD’s CoMMItMeNt

The Board remains committed towards operating a sound risk management and internal control system and has recognised that the system must continuously evolve to support the type of business and size of operations of the Group. Due to the limitations that are inherent in any system of risk management and internal control, the Board is aware that such system is designed to manage rather than eliminate the risk of failure to achieve business objectives, and can provide only reasonable and not absolute assurance against material misstatement or loss.

tHe auDIt CoMMIttee (aC)

The Board has tasked the AC with established Terms of Reference to examine the effectiveness of the Group’s system of risk management and internal control. In order to achieve that, the AC ensures the audit scopes in the Internal Audit Department covered significant risks areas identified by the Group. In addition, any major control weaknesses and management’s commitments pertaining to audit recommendations highlighted in the Internal Audit Reports are being addressed accordingly. The AC had updated the Board on the status of the Group’s system of internal control in the Board meetings conducted during the year.

The AC also reviewed the internal control weaknesses raised by the external auditors during the audit committee meeting and noted that Management has put in place relevant controls to rectify the deficiencies.

assuRaNCe MeCHaNIsM

The Board has reviewed the effectiveness of the Group’s system of internal control and risk management processes and the Board confirms that there is an ongoing process for identifying, evaluating and managing the significant risks faced by the Group and this process is regularly reviewed by the Board.

Besides, the Board has also obtained reasonable assurance from the Managing Director and the senior Vice President in charge of Finance on the Company’s adequacy and effectiveness of risk management and internal control system in all material aspects.

assuRaNCe

The Management, in striving for continuous improvement will put in place appropriate action plans, where necessary, to further enhance the Group’s system of risk management and internal control.

During the current financial year, there were no major weaknesses of internal control which resulted in material losses, contingencies or uncertainties that would require disclosure in the Company’s Annual Report.

The statement on Risk Management and Internal Control was approved by the Board of Directors on 15 April 2013.


noTICE oFAnnUAL GEnERAL MEETInGNotICe Is HeReBY GIveN that the Twenty-seventh Annual General Meeting of sEG International Bhd (“sEGi” or “the Company”) will be held at Level 2, Right Wing, sEGi University, no. 9, Jalan Teknologi, Taman sains selangor, Kota Damansara, PJU 5, 47810 Petaling Jaya, selangor Darul Ehsan on Wednesday, 12 June 2013 at 10.30 a.m. for the following purposes:-

as oRDINaRY BusINess

1. To receive the Audited Financial statements for the year ended 31 December 2012 together with the Reports of Directors and Auditors thereon.

2. To approve the payment of Directors’ fees for the year ended 31 December 2012.

3. To re-elect the following Directors retiring in accordance with Article 86 of the Company’s Articles of Association:-

(a) Hew Moi Lan (b) Dato’ sri Chee Hong Leong (c) Goh Leng Chua

4. To appoint Auditors of the Company and authorise the Directors to fix their remuneration.

notice of nomination from a shareholder pursuant to section 172(11) of the Companies Act, 1965, a copy of which is annexed hereto as Appendix A, has been received by the Company for nomination of Messrs. Ernst & Young, who have given their consent to act, for appointment as Auditors and of the intention to propose the following ordinary Resolution:-

“THAT Messrs. Ernst & Young be and are hereby appointed as Auditors of the Company in place of the retiring Auditors, Messrs. Crowe Horwath, to hold office until the conclusion of the next Annual General Meeting at a remuneration to be determined by the Directors.

as sPeCIaL BusINess

To consider and if thought fit, to pass the following resolutions:-

5. authority to allot and issue shares pursuant to section 132D of the Companies act, 1965

“THAT pursuant to section 132D of the Companies Act, 1965, the Directors be and are hereby empowered to issue shares in the Company, at any time and upon such terms and conditions and for such purposes as the Directors may, in their absolute discretion, deem fit, provided that the aggregate number of shares to be issued pursuant to this resolution in any one financial year does not exceed ten percent (10%) of the issued capital of the Company for the time being and that the Directors be and are also empowered to obtain approval for the listing of and quotation for the additional shares so issued on Bursa Malaysia securities Berhad (“Bursa securities”) and that such authority shall continue in force until the conclusion of the next Annual General Meeting (“AGM”) of the Company.”

(Please refer to note 1)

(ordinary Resolution 1)

(ordinary Resolution 2)(ordinary Resolution 3)(ordinary Resolution 4)




noTICE oFAnnUAL GEnERAL MEETInG



6. Proposed Renewal of authority for the Purchase by seG International Bhd (“seGi”) of its own shares (“Proposed share Buy-Back”)

“THAT, subject to the provisions of the Companies Act, 1965 (“the Act”) (as may be amended, modified or re-enacted from time to time), the Memorandum and Articles of Association of the Company, the Main Market Listing Requirements of Bursa securities and any other relevant authorities, the Company be and is hereby authorised to purchase on the market of the Bursa securities and/or hold such number of ordinary shares of RM0.25 each in sEGi (“sEGi shares”) as may be determined by the Directors from time to time through Bursa securities upon such terms and conditions as the Directors may deem fit in the interest of the Company provided that:

i. the total aggregate number of shares purchased or to be purchased pursuant to this resolution does not exceed ten percent (10%) of the total issued and paid-up share capital of the Company for the time being;

ii. an amount not exceeding the Company’s latest audited retained profit of RM8,484,000 and share premium account of RM45,612,000 as at 31 December 2012, as well as the retained profit and share premium account of the Company of RM45,780,000 and RM46,274,000 respectively, based on the latest management financial statements as at 31 March 2013, be allocated by the Company for the Proposed share Buy-Back; and

iii. the Directors shall have the absolute discretion to decide whether such shares purchased are to be cancelled and/or retained as treasury shares and distributed as dividends or resold on the market of the Bursa securities or subsequently cancelled;

AnD THAT the authority conferred by this resolution shall commence immediately upon the passing of this resolution and shall continue to be in force until:-

i. the conclusion of the next AGM of the Company, at which time it will lapse, unless renewed by an ordinary resolution passed by the shareholders of the Company in a general meeting;

ii. the expiry of the period within which the next AGM of the Company is required to be held pursuant to section 143(1) of the Act (but shall not extend to such extension as may be allowed pursuant to section 143(2) of the Act); or

iii. revoked or varied by an ordinary resolution passed by the shareholders of the Company in a general meeting;

whichever is the earlier;

AnD THAT the Directors be and are hereby authorised to act and to take all such steps to give full effect to the Proposed share Buy-Back and do all such acts and things as they may deem necessary or expedient in the best interests of the Company.”

7. Retention of Independent Director

“To retain Amos siew Boon Yeong as Independent non-Executive Director of the Company in accordance with Malaysian Code on Corporate Governance 2012.”


8. To consider any other business of which due notice shall have been given.

By order of the Board

CHonG PoH YEE (MIA 7620)HEW LInG sZE (MAICsA 7010381)secretaries

Petaling Jaya, selangor21 May 2013

noTEs:

1. The Agenda item no. 1 is meant for discussion only as the provision of section 169(1) of the Companies Act, 1965 does not require formal approval of the shareholders for the Audited Financial statements. Hence, this Agenda item is not put forward for voting.

2. A member entitled to attend and vote at the meeting is entitled to appoint not more than two proxies to attend and vote in his stead. A proxy may but need not be a member of the Company and the provision of section 149(1)(b) of the Companies Act, 1965 shall not apply to the Company. A member who is an exempt authorised nominee may appoint at least one proxy in respect of each securities account it holds.

3. The Form of Proxy must be deposited at the Registered office of the Company at 6th Floor, sEGi University, no. 9, Jalan Teknologi, Taman sains selangor, Kota Damansara, PJU 5, 47810 Petaling Jaya, selangor Darul Ehsan not less than 48 hours before the time and date of the meeting or adjourned meeting.

4. Explanatory notes on special Business

a. ordinary Resolution 6 - authority to allot and issue shares pursuant to section 132D of the Companies act, 1965

The proposed ordinary Resolution 6, if passed, will give authority to the Directors of the Company to issue ordinary shares in the Company up to an aggregate amount of not exceeding ten percent (10%) of the issued share capital of the Company for such purposes as the Directors consider would be in the interest of the Company. This authority, unless revoked or varied at a general meeting, will expire at the conclusion of the next AGM of the Company.

The general mandate, once approved and renewed, will provide flexibility to the Company for allotment of shares for any possible fund raising activities for the purpose of funding future investment project(s), working capital and/or acquisition(s).

As at the date of this notice, no new shares in the Company were issued pursuant to the mandate granted to the Directors at the Twenty-sixth AGM held on 15 May 2012 and hence no proceeds were raised therefrom.

b. ordinary Resolution 7 - Proposed Renewal of authority for the Proposed share Buy-Back

The proposed ordinary Resolution 7, if passed, will empower the Directors to purchase sEGi shares through Bursa securities up to an amount not exceeding ten percent (10%) of the issued and paid-up share capital of the Company. This authority, unless revoked or varied at a general meeting, will expire at the conclusion of the next AGM of the Company.

Detailed information on the Proposed share Buy-Back is set out in the statement to shareholders dated 21 May 2013 which is despatched together with this Annual Report.

c. ordinary Resolution 8 – Retention of Independent Director

Amos siew Boon Yeong was appointed Independent non-Executive Director of the Company on 2 February 2001, and has, therefore served for a cumulative term of more than nine years. However, he has met the independence guidelines as set out in Chapter 1 of Bursa securities Main Market Listing Requirements. The Board, therefore, considers him to be independent and believes that he should be retained as Independent non-Executive Director.

noTICE oFAnnUAL GEnERAL

MEETInG


1. Directors who are standing for re-election at the twenty-seventh annual General Meeting of the Company

The Directors retiring at the Twenty-seventh Annual General Meeting pursuant to Article 86 of the Company’s Articles of Association are as follows:

(a) Hew Moi Lan; (b) Dato’ sri Chee Hong Leong; and(c) Goh Leng Chua.

Details of Directors who are standing for re-election are set out in the Directors’ Profile appearing on pages 18 to 26 of the Annual Report.

2. Retention as Independent Non-executive Director of the Company

The Director’s Profile of Amos siew Boon Yeong who is proposed to be retained as Independent non-Executive Director is set out on page 25 of the Annual Report.

sTATEMEnT ACCoMPAnYInG noTICE oF AnnUALGEnERAL MEETInG(Pursuant to Paragraph 8.27(2) of the Main Market Listing Requirements of the Bursa Malaysia securities Berhad)



Financial StatementS134 | Directors’ Report

139 | Statement by Directors

139 | Statutory Declaration

140 | independent auditors’ Report

142 | Statements of Financial Position

143 | Statements of Profit or loss and Other comprehensive income

145 | Statements of changes in equity

148 | Statements of cash Flows

150 | notes to the Financial Statements


the directors hereby submit their report and the audited financial statements of the Group and of the company for the financial year ended 31 December 2012.

PRINCIPAL ACTIVITIES

the company is principally engaged in the businesses of investment holding and provision of management consultancy services, property management, rental of premises, business advisory services, and educational and training services whilst the principal activities of the subsidiaries are set out in note 5 to the financial statements. there have been no significant changes in the nature of these activities during the financial year.

RESULTS

The The Group Company RM’000 RM’000

Profit after taxation for the financial year 60,016 31,247

attributable to:-Owners of the company 60,343 31,247non-controlling interests (327) -

60,016 31,247

DIVIDENDS

Since the end of the previous financial year, the company:

(a) paid a second interim single tier dividend of Rm0.10 per ordinary shares of Rm0.25 each in respect of the financial year ended 31 December 2011 amounting to Rm53,263,000 on 6 January 2012; and

(b) declared an interim single tier dividend of Rm0.05 per ordinary share of Rm0.25 each in respect of the financial year ended 31 December 2012 amounting to Rm31,942,000 which was paid on 8 January 2013.

Subsequent to the financial year end, the company declared an interim single tier dividend of Rm0.05 per ordinary share of Rm0.25 each amounting to Rm32,062,000 in respect of the financial year ending 31 December 2013, payable on 25 april 2013.

RESERVES AND PROVISIONS

all material transfers to or from reserves and provisions during the financial year are disclosed in the financial statements.

DiRectORS’RePORt


ISSUES OF SHARES AND DEBENTURES

During the financial year:-

(a) there were no changes in the authorised share capital of the company; (b) the company increased its issued and paid-up share capital from Rm139,674,000 to Rm166,219,000 by the issuance of 106,181,000 new

ordinary shares of Rm0.25 each pursuant to the exercise of warrants. the new ordinary shares issued rank pari passu in all respects with the existing ordinary shares of the company; and

(c) there were no issues of debentures by the company.

TREASURY SHARES

During the financial year, the company purchased and disposed of its issued ordinary shares on the open market under the share buy-back programme. Details are as follows:-

Price Per Share Par Cost of Lowest Highest Average No of Value Shares RM RM RM Shares RM RM’000

Balance at 1 January 2012 26,039,600 0.25 37,471

addition during the financial year 1.87 2.06 1.97 2,000 0.25 4

Balance at 31 December 2012 26,041,600 0.25 37,475

the shares purchased under the share buy-back programme were financed by internally generated funds. the shares purchased were retained as treasury shares in accordance with Section 67a of the companies act 1965 in malaysia and are presented as a deduction from shareholders’ equity.

During the financial year, there were no re-sale of treasury shares.

OPTIONS GRANTED OVER UNISSUED SHARES

During the financial year, no options were granted by the company to any person to take up any unissued shares in the company. as at 31 December 2012, there were 83,501,094 unexercised Warrants in issue at a revised exercise price of Rm0.50. the details of the Warrants are disclosed in the note 15(b) to the financial statements.

the ordinary shares issued from the exercise of Warrants shall rank pari passu in all respects with the existing issued ordinary shares of the company except that they shall not be entitled to any dividends, distributions, rights, allotment and/or any other forms of distribution where the entitlement date precedes the relevant date of the allotment and issuance of the new shares arising from the exercise of Warrants.

BAD AND DOUBTFUL DEBTS

Before the financial statements of the Group and of the company were made out, the directors took reasonable steps to ascertain that action had been taken in relation to the writing off of bad debts and the making of allowance for impairment losses on receivables, and satisfied themselves that all known bad debts had been written off and that adequate allowance had been made for impairment losses on receivables.

at the date of this report, the directors are not aware of any circumstances that would require the further writing off of bad debts, or the additional allowance for impairment losses on receivables in the financial statements of the Group and of the company.

DiRectORS’RePORt


CURRENT ASSETS

Before the financial statements of the Group and of the company were made out, the directors took reasonable steps to ascertain that any current assets other than debts, which were unlikely to be realised in the ordinary course of business, including their value as shown in the accounting records of the Group and of the company, have been written down to an amount which they might be expected so to realise.

at the date of this report, the directors are not aware of any circumstances which would render the values attributed to the current assets in the financial statements of the Group and of the company misleading.

VALUATION METHODS

at the date of this report, the directors are not aware of any circumstances which have arisen which render adherence to the existing methods of valuation of assets or liabilities of the Group and of the company misleading or inappropriate.

CONTINGENT AND OTHER LIABILITIES

the contingent liabilities of the Group and of the company are disclosed in note 32 to the financial statements. at the date of this report, there does not exist:-

(a) any charge on the assets of the Group and of the company that has arisen since the end of the financial year which secures the liabilities of any other person; or

(b) any contingent liability of the Group and of the company which has arisen since the end of the financial year.

no contingent or other liability of the Group and of the company 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 directors, will or may substantially affect the ability of the Group and of the company to meet their obligations when they fall due.

CHANGE OF CIRCUMSTANCES

at the date of this report, the directors are not aware of any circumstances not otherwise dealt with in this report or the financial statements of the Group and of the company which would render any amount stated in the financial statements misleading.

ITEMS OF AN UNUSUAL NATURE

the results of the operations of the Group and of the company during the financial year were not, in the opinion of the directors, 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 year and the date of this report any item, transaction or event of a material and unusual nature likely, in the opinion of the directors, to affect substantially the results of the operations of the Group and of the company for the financial year.

DiRectORS’RePORt


DIRECTORS

the directors who served since the date of the last report are as follows:-

tan Sri Dato’ Seri megat najmuddin Bin Dato’ Seri Dr. Haji megat KhasDato’ Sri clement Hii chii Koklee Kok chengHew moi lan Dato’ Sri chee Hong leong nicholas Rupert Heylett Bloy (appointed on 02.04.2012)tan chow Yin (appointed on 02.04.2012)amos Siew Boon YeongGoh leng chua Dato’ (Dr.) Patrick teoh Seng Foo (Resigned on 02.04.2012)Datu Haji Putit Bin matzen (Resigned on 02.04.2012)Foo San Kan (Resigned on 02.04.2012)

DIRECTORS’ INTERESTS

according to the register of directors’ shareholdings, the interests of directors holding office at the end of the financial year in shares in the company and its related corporations during the financial year are as follows:-

Number Of Ordinary Shares Of RM0.25 Each

At Bought/ At 1.1.2012 Conversion* Sold 31.12.2012

Direct Interests

Dato’ Sri clement Hii chii Kok 158,840,480 - - 158,840,480tan Sri Dato’ Seri megat

najmuddin Bin Dato’ Seri Dr. Hajimegat Khas 1,662 10,000 - 11,662

lee Kok cheng 4,440,000 950,000 - 5,390,000Hew moi lan 6,668,800 - - 6,668,800amos Siew Boon Yeong 2,200,000 - - 2,200,000Dato’ Sri chee Hong leong 180,800 - (180,800) -

Indirect Interests

nicholas Rupert Heylett Bloy (1) - 425,080,084 - 425,080,084Dato’ Sri clement Hii chii Kok (1) - 266,239,604 - 266,239,604Dato’ Sri chee Hong leong (2) 33,492,200 - (33,492,200) -

DiRectORS’RePORt


DIRECTORS’ INTERESTS (CONT’D)

according to the register of directors’ shareholdings, the interests of directors holding office at the end of the financial year in shares in the company and its related corporations during the financial year are as follows (cont’d):-

Number Of 2010/2015 Warrants At An Exercise Price Of RM0.50 Each

At Sold/ At 1.1.2012 Bought Conversion* 31.12.2012

Direct Interests

Dato’ Sri clement Hii chii Kok 76,183,600 - (18,000,000) 58,183,600Dato’ Sri chee Hong leong 1,253,000 - (1,253,000) -

Indirect Interests

nicholas Rupert Heylett Bloy (1) - 164,483,660 (104,460,060)* 60,023,600Dato’ Sri clement Hii chii Kok (1) - 106,300,060 (104,460,060)* 1,840,000

(1) Deemed interests through Pinnacle Heritage Solutions Sdn. Bhd.(2) Deemed interests through Segmen Entiti Sdn. Bhd.* Warrants conversion

By virtue of their interests in shares in the company, the above directors are deemed interested in the shares of the subsidiaries during the financial year to the extent that the company has an interest.

Other than as disclosed, none of the other directors holding office at the end of the financial year had any interest in shares in the company or its related corporations during the financial year.

DIRECTORS’ BENEFITS

Since the end of the previous financial year, no director has received or become entitled to receive any benefit (other than a benefit included in the aggregate amount of emoluments received or due and receivable by directors as shown in the financial statements, or the fixed salary of a full-time employee of the company or a related corporation) by reason of a contract made by the company or a related corporation with the director or with a firm of which the director is a member, or with a company in which the director has a substantial financial interest.

neither during nor at the end of the financial year was the company a party to any arrangements whose object is to enable the directors to acquire benefits by means of the acquisition of shares in, or debentures of, the company or any other body corporate.

AUDITORS

the auditors, messrs. crowe Horwath, have expressed their willingness to continue in office.

Signed in accordance with a resolution of the directors dated 15 april 2013.

Tan Sri Dato' Seri Megat Najmuddin Bin Dato' Seri Dr. Haji Megat Khas

Dato’ Sri Clement Hii Chii Kok

DiRectORS’RePORt


Statement BYDiRectORSWe, tan Sri Dato' Seri megat najmuddin Bin Dato' Seri Dr. Haji megat Khas and Dato’ Sri clement Hii chii Kok, being two of the directors of SeG international Bhd., state that, in the opinion of the directors, the financial statements set out on pages 142 to 202, are drawn up in accordance with malaysian Financial Reporting Standards, international Financial Reporting Standards and the requirements of the companies act 1965 in malaysia so as to give a true and fair view of the state of affairs of the Group and of the company at 31 December 2012 and of their results and cash flows for the financial year ended on that date.

the supplementary information set out in note 38, which is not part of the financial statements, is prepared in all material respects, in accordance with Guidance on Special matter no. 1, Determination of Realised and Unrealised Profits and losses in the context of Disclosure Pursuant to Bursa malaysia Securities Berhad listing Requirements, as issued by the malaysian institute of accountants and the directive of Bursa malaysia Securities Berhad.

Signed in accordance with a resolution of the directors dated 15 april 2013.

Tan Sri Dato' Seri Megat Najmuddin Dato’ Sri Clement Hii Chii KokBin Dato' Seri Dr. Haji Megat Khas

i, chong Poh Yee, being the officer primarily responsible for the financial management of SeG international Bhd., do solemnly and sincerely declare that the financial statements set out on pages 142 to 202 are, to the best of my knowledge and belief, correct, and i make this solemn declaration conscientiously believing the same to be true and by virtue of the provisions of the Statutory Declarations act 1960.

Subscribed and solemnly declared by chong Poh Yee, at Kuala lumpur in Wilayah Persekutuan on this 15 april 2013

Chong Poh Yee

Before me

Arshad Abdullahno. W550commisioner for Oaths

StatUtORYDeclaRatiOn


Report on the Financial Statements

We have audited the financial statements of SeG international Bhd., which comprise statements of financial position as at 31 December 2012 of the Group and of the company, and statements of profit or loss and other comprehensive income, statements of changes in equity and statements of cash flows of the Group and of the company for the financial year then ended, and a summary of significant accounting policies and other explanatory information, as set out on pages 142 to 202.

Directors’ Responsibility for the Financial Statements

the directors of the company are responsible for the preparation of financial statements so as to give a true and fair view in accordance with malaysian Financial Reporting Standards, international Financial Reporting Standards and the requirements of the companies act 1965 in malaysia. the directors are also responsible for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditors’ Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with approved standards on auditing in malaysia. those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

an audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. the procedures selected depend on our judgement, including the assessment of risks of material misstatement of the financial statements, whether due to fraud or error. in making those risk assessments, we consider internal control relevant to the entity’s preparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. an audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the directors, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opinion

in our opinion, the financial statements give a true and fair view of the financial position of the Group and of the company as of 31 December 2012 and of their financial performance and cash flows for the financial year then ended in accordance with 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 the following:-

(a) in our opinion, the accounting and other records and the registers required by the act to be kept by the company and its subsidiaries of which we have acted as auditors have been properly kept in accordance with the provisions of the act.

(b) We have considered the financial statements and the auditors’ reports of all the subsidiaries of which we have not acted as auditors, which are indicated in note 5 to the financial statements.

(c) We are satisfied that the financial statements of the subsidiaries that have been consolidated with the company’s financial statements are in form and content appropriate and proper for the purposes of the preparation of the financial statements of the Group and we have received satisfactory information and explanations required by us for those purposes.

(d) the audit reports on the financial statements of the subsidiaries did not contain any qualification or any adverse comment made under Section 174(3) of the act.

inDePenDent aUDitORS’ RePORttO tHe memBeRS OF SeG inteRnatiOnal BHD. (incorporated in malaysia) company no.: 145998 - U


Report on Other Legal and Regulatory Requirements (Cont’d)

the supplementary information set out in note 38 on page 202 is disclosed to meet the requirement of Bursa malaysia Securities Berhad and is not part of the financial statements. the directors are responsible for the preparation of the supplementary information in accordance with Guidance on Special matter no. 1, Determination of Realised and Unrealised Profits or losses in the context of Disclosure Pursuant to Bursa malaysia Securities Berhad listing Requirements, as issued by the malaysian institute of accountants ("mia Guidance") and the directive of Bursa malaysia Securities Berhad. in our opinion, the supplementary information is prepared, in all material respects, in accordance with the mia Guidance and the directive of Bursa malaysia Securities Berhad.

Other Matters

this report is made solely to the members of the company, as a body, in accordance with Section 174 of the companies act 1965 in malaysia and for no other purpose. We do not assume responsibility to any other person for the content of this report.

Crowe Horwath Lee Kok WaiFirm no.: aF 1018 approval no.: 2760/06/14 (J)chartered accountants chartered accountant

15 april 2013

Kuala lumpur

inDePenDent aUDitORS’ RePORttO tHe memBeRS OF SeG inteRnatiOnal BHD.

(incorporated in malaysia) company no.: 145998 - U


The Group The Company

31.12.2012 31.12.2011 1.1.2011 31.12.2012 31.12.2011 1.1.2011 Note RM’000 RM’000 RM’000 RM’000 RM’000 RM’000

ASSETSNON-CURRENT ASSETSinvestments in subsidiaries 5 - - - 68,379 68,379 67,229investments in associates 6 - - 4,760 - - -Property, plant and equipment 7 170,937 111,614 100,113 7,562 7,847 8,137Receivables 8 - 1,233 2,425 - 1,233 2,425intangible assets 9 27,959 28,041 27,679 - - -Other investments 10 3,753 4,567 2,734 - - -Deferred tax assets 11 3,259 2,771 3,174 1,196 1,121 1,557

205,908 148,226 140,885 77,137 78,580 79,348

CURRENT ASSETSinventories 12 26 28 30 - - -Receivables 8 60,685 47,146 37,572 109,813 76,571 63,471tax refundable 11,270 7,552 5,720 1,281 1,044 1,249cash and cash equivalents 13 108,287 87,155 78,831 95,670 79,679 66,948

180,268 141,881 122,153 206,764 157,294 131,668

TOTAL ASSETS 386,176 290,107 263,038 283,901 235,874 211,016

EQUITY AND LIABILITIESEQUITYShare capital 14 166,219 139,674 125,623 166,219 139,674 125,623Reserves 15 100,653 44,085 76,961 18,708 (7,138) 51,230

266,872 183,759 202,584 184,927 132,536 176,853non-controlling interests 396 762 899 - - -

TOTAL EQUITY 267,268 184,521 203,483 184,927 132,536 176,853

LIABILITIESNON-CURRENT LIABILITIESlong-term borrowings 16 45,254 4,992 10,831 94 179 6,477Deferred tax liabilities 19 2,039 4,322 2,487 - - -

47,293 9,314 13,318 94 179 6,477

CURRENT LIABILITIESPayables 20 36,144 37,850 38,607 66,853 49,806 24,163Short-term borrowings 21 2,724 3,737 7,170 85 90 3,523current tax liabilities 805 1,422 460 - - -Dividend payable 31,942 53,263 - 31,942 53,263 -

71,615 96,272 46,237 98,880 103,159 27,686

tOtal liaBilitieS 118,908 105,586 59,555 98,974 103,338 34,163

tOtal eQUitY anD liaBilitieS 386,176 290,107 263,038 283,901 235,874 211,016

StatementS OF Financial POSitiOnat 31 DecemBeR 2012

the annexed notes form an integral part of these financial statements.



2012 2011 2012 2011 Note RM’000 RM’000 RM’000 RM’000

REVENUE 22 284,925 278,293 60,891 74,903

COST OF SERVICES (79,517) (69,005) (4,727) (5,211)

GROSS PROFIT 205,408 209,288 56,164 69,692

OTHER INCOME 17,998 22,599 3,338 3,085

223,406 231,887 59,502 72,777

DISTRIBUTION EXPENSES (30,371) (28,004) (392) (318)

ADMINISTRATIVE EXPENSES (57,788) (52,791) (6,442) (6,407)

OTHER EXPENSES (66,396) (62,314) (20,038) (18,495)

FINANCE COSTS (468) (746) (18) (207)

SHARE OF RESULTS IN AN ASSOCIATE - 186 - -

PROFIT BEFORE TAXATION 23 68,383 88,218 32,612 47,350

INCOME TAX EXPENSE 24 (8,367) (16,002) (1,365) (1,973)

PROFIT AFTER TAXATION 60,016 72,216 31,247 45,377

OTHER COMPREHENSIVE INCOME/(EXPENSES)

available-for-sale financial assets 1,354 (1,649) - -Foreign currency translation 272 204 - -

TOTAL OTHER COMPREHENSIVE INCOME/(EXPENSES) 1,626 (1,445) - -

TOTAL COMPREHENSIVE INCOME FOR THE FINANCIAL YEAR 61,642 70,771 31,247 45,377

StatementS OF PROFit OR lOSS anD OtHeR cOmPReHenSive incOmeFOR tHe Financial YeaR enDeD 31 DecemBeR 2012




2012 2011 2012 2011 Note RM’000 RM’000 RM’000 RM’000

PROFIT AFTER TAXATION ATTRIBUTABLE TO:-Owners of the company 60,343 72,314 31,247 45,377non-controlling interests (327) (98) - -

60,016 72,216 31,247 45,377

TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO:-Owners of the company 61,969 70,869 31,247 45,377non-controlling interests (327) (98) - -

61,642 70,771 31,247 45,377

EARNINGS PER SHARE 25- Basic 10.18 sen 14.11 sen- Diluted 9.07 sen 11.16 sen

StatementS OF PROFit OR lOSS anD OtHeR cOmPReHenSive incOmeFOR tHe Financial YeaR enDeD 31 DecemBeR 2012



Non-Distributable Distributable

Available- For-Sale Attributable Financial Exchange To Owners Non- Share Share Warrant Asset Translation Treasury Retained of the Controlling Total Capital Premium Reserve Reserve Reserve Shares Profits Company Interest Equity Note RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000

The Group

Balance at 1.1.2011 125,623 956 6,147 275 - (16,693) 86,276 202,584 899 203,483

Profit after taxation for the financial year - - - - - - 72,314 72,314 (98) 72,216

Other comprehensive income for the financial year, net of tax:

available-for-sale financial assets:- loss on fair value

changes - - - (1,649) - - - (1,649) - (1,649)Foreign currency

translation - - - - 204 - - 204 - 204

total comprehensive income for the financial year - - - (1,649) 204 - 72,314 70,869 (98) 70,771

transactions with owners:- issuance of shares

from exercise of warrants 14,051 15,456 (1,405) - - - - 28,102 - 28,102

- Purchase of own shares - - - - - (20,778) - (20,778) - (20,778)

- Dividends 26 - - - - - - (97,018) (97,018) - (97,018)- Dividend paid to

non-controlling interest - - - - - - - - (39) (39)

Balance at 31.12.2011 139,674 16,412 4,742 (1,374) 204 (37,471) 61,572 183,759 762 184,521

StatementS OF cHanGeS in eQUitYFOR tHe Financial YeaR enDeD 31 DecemBeR 2012




Available- For-Sale Attributable Financial Exchange To Owners Non- Share Share Warrant Asset Translation Treasury Retained of the Controlling Total Capital Premium Reserve Reserve Reserve Shares Profits Company Interest Equity Note RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000

The Group

Balance at 31.12.2011/1.1.2012 139,674 16,412 4,742 (1,374) 204 (37,471) 61,572 183,759 762 184,521

Profit after taxation for the financial year - - - - - - 60,343 60,343 (327) 60,016

Other comprehensive income for the financial year, net of tax:

available-for-sale financial assets:- gain on fair

value changes - - - 1,354 - - - 1,354 - 1,354Foreign currency

translation - - - - 272 - - 272 - 272

total comprehensive income for the financial year - - - 1,354 272 - 60,343 61,969 (327) 61,642

transactions with owners:- issuance of shares

from exercise of warrants 26,545 29,200 (2,655) - - - - 53,090 - 53,090

- Purchase of own shares - - - - - (4) - (4) - (4)

- Dividend 26 - - - - - - (31,942) (31,942) - (31,942)- Dividend paid to

non-controlling interest - - - - - - - - (39) (39)

Balance at 31.12.2012 166,219 45,612 2,087 (20) 476 (37,475) 89,973 266,872 396 267,268


StatementS OF cHanGeS in eQUitYFOR tHe Financial YeaR enDeD 31 DecemBeR 2012



Share Share Warrant Treasury Retained Total Capital Premium Reserve Shares Profits Equity Note RM’000 RM’000 RM’000 RM’000 RM’000 RM’000

The Company

Balance at 1.1.2011 125,623 956 6,147 (16,693) 60,820 176,853

Profit after taxation/total comprehensive income for the financial year - - - - 45,377 45,377

transactions with owners: - issuance of shares from exercise of warrants 14,051 15,456 (1,405) - - 28,102 - Purchase of own shares - - - (20,778) - (20,778) - Dividends 26 - - - - (97,018) (97,018)

Balance at 31.12.2011/ 1.1.2012 139,674 16,412 4,742 (37,471) 9,179 132,536

Profit after taxation/total comprehensive income for the financial year - - - - 31,247 31,247

transactions with owners: - issuance of shares from exercise of warrants 26,545 29,200 (2,655) - - 53,090 - Purchase of own shares - - - (4) - (4) - Dividend 26 - - - - (31,942) (31,942)

Balance at 31.12.2012 166,219 45,612 2,087 (37,475) 8,484 184,927

StatementS OF cHanGeS in eQUitY

FOR tHe Financial YeaR enDeD 31 DecemBeR 2012




2012 2011 2012 2011 Note RM’000 RM’000 RM’000 RM’000

CASH FLOWS FROM/(FOR) OPERATING ACTIVITIES

Profit before taxation 68,383 88,218 32,612 47,350

adjustments for:-allowance for impairment loss on other investments 2,168 - - -amortisation of development costs 109 218 - -allowance for impairment losses on trade and other receivables 325 641 - 244Bad debts written off 1,265 - - -Depreciation of property, plant and equipment 10,166 8,802 374 403Property, plant and equipment written off 2 58 2 -impairment loss on goodwill 31 - - -interest expense 468 746 18 207loss/(Gain) on disposal of property, plant and equipment 16 (59) - -Dividend income (72) (53) (26,510) (40,893)interest income (1,749) (1,775) (2,476) (2,497)Unrealised gain on foreign exchange - (170) - -Share of profit in an associate - (186) - -Gain on disposal of other investments - (163) - -Gain on disposal of associates - (54) - -Gain on disposal of subsidiaries (299) - - -Writeback of allowance for impairment loss on other receivables (10) - (10) -

Operating profit before working capital changes 80,803 96,223 4,010 4,814Decrease in inventories 2 2 - -(increase)/Decrease in trade and other receivables (16,249) (8,031) (2,153) 549increase/(Decrease) in trade and other payables 3,954 (3,716) (1,970) 267

CASH FLOWS FROM/(FOR) OPERATIONS 68,510 84,478 (113) 5,630interest paid (468) (746) (18) (207)net income tax paid (15,473) (14,634) (1,677) (1,332)

NET CASH FROM/(FOR) OPERATING ACTIVITIES/CARRIED FORWARD 52,569 69,098 (1,808) 4,091

StatementS OF caSH FlOWSFOR tHe Financial YeaR enDeD 31 DecemBeR 2012




2012 2011 2012 2011 Note RM’000 RM’000 RM’000 RM’000

NET CASH FROM/(FOR) OPERATING ACTIVITIES/BROUGHT FORWARD 52,569 69,098 (1,808) 4,091

CASH FLOWS (FOR)/FROM INVESTING ACTIVITIES

addition of investment in subsidiaries - - - (1,150)addition of development costs (27) (134) - -Proceeds from disposal of property, plant and equipment 151 62 1 1Proceeds from disposal of quoted shares - 1,681 - -Purchase of property, plant and equipment 27 (73,973) (13,235) (92) (114)net cash outflow on the acquisition of subsidiaries 28 - (558) - -net cash inflow for disposal of subsidiaries 29 465 - - -net (advances to)/repayment from subsidiaries - - (10,829) 12,675Dividend received 72 53 26,510 40,893interest received 1,749 1,775 2,476 2,497

NET CASH (FOR)/FROM INVESTING ACTIVITIES (71,563) (10,356) 18,066 54,802

CASH FLOWS FROM/(FOR) FINANCING ACTIVITIES

Purchase of own shares (4) (20,778) (4) (20,778)Repayment of hire purchase and finance lease payables (3,499) (4,054) (90) (86)Repayment of term loans (159) (9,894) - (9,645)Proceeds from new shares, net of expenses 53,090 28,102 53,090 28,102Dividends paid (53,263) (43,755) (53,263) (43,755)Dividend paid to non-controlling interest (39) (39) - - Drawdown of term loan 44,000 - - -

NET CASH FROM/(FOR) FINANCING ACTIVITIES 40,126 (50,418) (267) (46,162)

NET INCREASE IN CASH AND CASH EQUIVALENTS 21,132 8,324 15,991 12,731

CASH AND CASH EQUIVALENTS AT BEGINNING OF THE FINANCIAL YEAR 87,155 78,831 79,679 66,948

CASH AND CASH EQUIVALENTS END OF THE FINANCIAL YEAR 13 108,287 87,155 95,670 79,679

StatementS OF caSH FlOWS

FOR tHe Financial YeaR enDeD 31 DecemBeR 2012



1. GENERAL INFORMATION

the company is a public company limited by shares and is incorporated under the companies act 1965 in malaysia. the domicile of the company is malaysia. the registered office and principal place of business are as follows:-

Registered office : 6th Floor, SeGi University, no. 9, Jalan teknologi, taman Sains Selangor, Kota Damansara, PJU 5, 47810 Petaling Jaya, Selangor Darul ehsan.Principal place of business : no. 9, Jalan teknologi, taman Sains Selangor, Kota Damansara, PJU 5, 47810 Petaling Jaya, Selangor Darul ehsan.

the financial statements were authorised for issue by the Board of Directors in accordance with a resolution of the directors dated 15 april 2013.

2. PRINCIPAL ACTIVITIES

the company is principally engaged in the businesses of investment holding and provision of management consultancy services, property management, rental of premises, business advisory services, educational and training services whilst the principal activities of the subsidiaries are set out in note 5 to the financial statements. there have been no significant changes in the nature of these activities during the financial year.

3. BASIS OF PREPARATION

the financial statements of the Group are prepared under the historical cost convention and modified to include other bases of valuation as disclosed in other sections under significant accounting policies, and in compliance with malaysian Financial Reporting Standards (“mFRSs”), international Financial Reporting Standards and the requirements of the companies act 1965 in malaysia.

3.1 these are the Group’s first set of financial statements prepared in accordance with mFRSs, which are also in line with international Financial Reporting Standards as issued by the international accounting Standards Board.

in the previous financial year, the financial statements of the Group were prepared in accordance with Financial Reporting Standards (“FRSs”). the financial impacts on the transition from FRSs to mFRSs are disclosed in note 37 to the financial statements.

3.2 the Group has not applied in advance the following accounting standards and interpretations (including the consequential amendments) that have been issued by the malaysian accounting Standards Board (maSB) but are not yet effective for the current financial year:-

MFRSs and IC Interpretations (Including The Consequential Amendments) Effective Date

mFRS 9 Financial instruments 1 January 2015

mFRS 10 consolidated Financial Statements 1 January 2013

mFRS 11 Joint arrangements 1 January 2013

mFRS 12 Disclosure of interests in Other entities 1 January 2013

mFRS 13 Fair value measurement 1 January 2013

mFRS 119 employee Benefits 1 January 2013

nOteS tO tHe Financial StatementSFOR tHe Financial YeaR enDeD 31 DecemBeR 2012

notes to the financial statements

for the financial year ended 31 december 2012


3. BASIS OF PREPARATION (CONT’D)

3.2 the Group has not applied in advance the following accounting standards and interpretations (including the consequential amendments) that have been issued by the malaysian accounting Standards Board (maSB) but are not yet effective for the current financial year:- (cont’d)

MFRSs and IC Interpretations (Including The Consequential Amendments) Effective Date

mFRS 127 Separate Financial Statements 1 January 2013

mFRS 128 investments in associates and Joint ventures 1 January 2013

amendments to mFRS 1: Government loans 1 January 2013

amendments to mFRS 7: Disclosures – Offsetting Financial assets and Financial liabilities 1 January 2013

amendments to mFRS 9: mandatory effective Date of mFRS 9 and transition Disclosures 1 January 2015

amendments to mFRS 10, mFRS 11 and mFRS 12: transition Guidance 1 January 2013

amendments to mFRS 10, mFRS 12 and mFRS 127 investment entities 1 January 2014

amendments to mFRS 101: Presentation of items of Other comprehensive income 1 July 2012

amendments to mFRS 132: Offsetting Financial assets and Financial liabilities 1 January 2014

ic interpretation 20 Stripping costs in the Production Phase of a Surface mine 1 January 2013

annual improvements to mFRSs 2009 – 2011 cycle 1 January 2013

the above accounting standards and interpretations (including the consequential amendments) are not relevant to the Group’s operations except as follows:-

mFRS 9 replaces the parts of mFRS 139 that relate to the classification and measurement of financial instruments. mFRS 9 divides all financial assets into 2 categories – those measured at amortised cost and those measured at fair value, based on the entity’s business model for managing its financial assets and the contractual cash flow characteristics of the instruments. For financial liabilities, the standard retains most of the mFRS 139 requirement. an entity choosing to measure a financial liability at fair value will present the portion of the change in its fair value due to changes in the entity’s own credit risk in other comprehensive income rather than within profit or loss. there will be no financial impacts on the financial statements of the Group upon its initial application.

mFRS 10 replaces the consolidation guidance in mFRS 127 and ic interpretation 112. Under mFRS 10, there is only one basis for consolidation, which is control. extensive guidance has been provided in the standard to assist in the determination of control. there will be no financial impact on the financial statements of the Group upon its initial application. mFRS 13 defines fair value, provides guidance on how to determine fair value and requires disclosures about fair value measurements. the scope of mFRS 13 is broad; it applies to both financial instrument items and non-financial instrument items for which other mFRSs require or permit fair value measurements and disclosures about fair value measurements, except in specified circumstances. in general, the disclosure requirements in mFRS 13 are more extensive than those required in the current standards and therefore there will be no financial impact on the financial statements of the Group upon its initial application but may impact its future disclosures.

notes to the financial statementsfor the financial year ended 31 december 2012


3. BASIS OF PREPARATION (CONT’D)

the amendments to mFRS 7 (Disclosures – Offsetting Financial assets and Financial liabilities) require disclosures that will enable users of an entity’s financial statements to evaluate the effect or potential effect of netting arrangements, including rights of set-off associated with the entity’s recognised financial assets and recognised financial liabilities, on the entity’s financial position. there will be no financial impact on the financial statements of the Group upon its initial application.

the amendments to mFRS 101 retain the option to present profit or loss and other comprehensive income in either a single statement or in two separate but consecutive statements. in addition, items presented in other comprehensive income section are to be grouped based on whether they are potentially re-classifiable to profit or loss subsequently i.e. those that might be reclassified and those that will not be reclassified. income tax on items of other comprehensive income is required to be allocated on the same basis. there will be no financial impact on the financial statements of the Group upon its initial application other than the presentation format of the statement of profit or loss and other comprehensive income.

the amendments to mFRS 132 provide the application guidance for criteria to offset financial assets and financial liabilities. there will be no financial impact on the financial statements of the Group upon its initial application.

the annual improvements to mFRSs 2009 – 2011 cycle contain amendments to mFRS 1, mFRS 101, mFRS 116, mFRS 132 and mFRS 134. these amendments are expected to have no material impact on the financial statements of the Group upon their initial application.

4. SIGNIFICANT ACCOUNTING POLICIES

4.1 Critical Accounting Estimates and Judgements

estimates and judgements are continually evaluated by the directors and management and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. the estimates and judgements that affect the application of the Group’s accounting policies and disclosures, and have a significant risk of causing a material adjustment to the carrying amounts of assets, liabilities, income and expenses are discussed below:-

(a) Depreciation of Property, Plant and Equipment

the estimates for the residual values, useful lives and related depreciation charges for the property, plant and equipment are based on commercial factors which could change significantly as a result of technical innovations and competitors’ actions in response to the market conditions. the Group anticipates that the residual values of its property, plant and equipment will be insignificant. as a result, residual values are not being taken into consideration for the computation of the depreciable amount. changes in the expected level of usage and technological development could impact the economic useful lives and the residual values of these assets, therefore future depreciation charges could be revised.

(b) Income Taxes

there are certain transactions and computations for which the ultimate tax determination may be different from the initial estimate. the Group recognises tax liabilities based on its understanding of the prevailing tax laws and estimates of whether such taxes will be due in the ordinary course of business. Where the final outcome of these matters is different from the amounts that were initially recognised, such difference will impact the income tax and deferred tax provisions in the year in which such determination is made.




4. SIGNIFICANT ACCOUNTING POLICIES (CONT’D)

4.1 Critical Accounting Estimates and Judgements (Cont’d)

(c) Impairment of Non-financial Assets

When the recoverable amount of an asset is determined based on the estimate of the value-in-use of the cash-generating unit to which the asset is allocated, the management is required to make an estimate of the expected future cash flows from the cash-generating unit and also to apply a suitable discount rate in order to determine the present value of those cash flows.

(d) Amortisation of Development Costs

changes in the expected level of usage and technological development could impact the economic useful lives therefore future amortisation charges could be revised.

(e) Impairment of Available-for-sale Financial Assets

the Group reviews its available-for-sale financial assets at each reporting date to assess whether they are impaired. the Group also records impairment loss on available-for-sale equity investments when there has been a significant or prolonged decline in the fair value below their cost. the determination of what is “significant” or “prolonged” requires judgement. in making this judgement, the Group evaluates, among other factors, historical share price movements and the duration and extent to which the fair value of an investment is less than its cost.

(f) Impairment of Trade and Other Receivables

an impairment loss is recognised when there is objective evidence that a financial asset is impaired. management specifically reviews its loan and receivables financial assets and analyses historical bad debts, customer concentrations, customer creditworthiness, current economic trends and changes in the customer payment terms when making a judgement to evaluate the adequacy of the allowance for impairment loss. Where there is objective evidence of impairment, the amount and timing of future cash flows are estimated based on historical loss experience for assets with similar credit risk characteristics. if the expectation is different from the estimation, such difference will impact the carrying value of receivables.

(g) Write-down of Inventories

Reviews are made periodically by management on damaged, obsolete and slow-moving inventories. these reviews require judgement and estimates. Possible changes in these estimates could result in revisions to the valuation of inventories.

(h) Fair Value Estimates for Certain Financial Assets and Liabilities

the Group carries certain financial assets and liabilities at fair value, which requires extensive use of accounting estimates and judgement. While significant components of fair value measurement were determined using verifiable objective evidence, the amount of changes in fair value would differ if the Group uses different valuation methodologies. any changes in fair value of these assets and liabilities would affect profit and/or equity.




4.2 Basis of Consolidation

the consolidated financial statements include the financial statements of the company and its subsidiaries made up to the end of the reporting period.

a subsidiary is defined as a company in which the parent company has the power, directly or indirectly, to exercise control over its financial and operating policies so as to obtain benefits from its activities.

Subsidiaries are consolidated from the date on which control is transferred to the Group up to the effective date on which control ceases, as appropriate.

intragroup transactions, balances, income and expenses are eliminated on consolidation. Where necessary, adjustments are made to the financial statements of subsidiaries to ensure consistency of accounting policies with those of the Group.

(a) Business Combinations

acquisitions of businesses are accounted for using the acquisition method. Under the acquisition method, the consideration transferred for acquisition of a subsidiary is the fair value of the assets transferred, liabilities incurred and the equity interests issued by the Group at the acquisition date. the consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. acquisition-related costs, other than the costs to issue debt or equity securities, are recognised in profit or loss when incurred.

in a business combination achieved in stages, previously held equity interests in the acquiree are remeasured to fair value at the acquisition date and any corresponding gain or loss is recognised in profit or loss.

non-controlling interests in the acquiree may be initially measured either at fair value or at the non-controlling interests’ proportionate share of the fair value of the acquiree’s identifiable net assets at the date of acquisition. the choice of measurement basis is made on a transaction-by-transaction basis.

(b) Non-controlling Interests

non-controlling interests are presented within equity in the consolidated statement of financial position, separately from the equity attributable to owners of the company. transactions with non-controlling interests are accounted for as transactions with owners and are recognised directly in equity. Profit or loss and each component of other comprehensive income are attributed to the owners of the parent and to the non-controlling interests. total comprehensive income is attributed to non-controlling interests even if this results in the non-controlling interests having a deficit balance.

at the end of each reporting period, the carrying amount of non-controlling interests is the amount of those interests at initial recognition plus the non-controlling interests’ share of subsequent changes in equity.

(c) Acquisitions of Non-controlling Interests

all changes in the parent’s ownership interest in a subsidiary that do not result in a loss of control are accounted for as equity transactions. any difference between the amount by which the non-controlling interest is adjusted and the fair value of consideration paid or received is recognised directly in equity and attributed to owners of the parent.





4.2 Basis of Consolidation (Cont’d)

(d) Loss of Control

Upon loss of control of a subsidiary, the profit or loss on disposal is calculated as the difference between:-

(i) the aggregate of the fair value of the consideration received and the fair value of any retained interest in the former subsidiary; and

(ii) the previous carrying amount of the assets (including goodwill), and liabilities of the former subsidiary and any non-controlling interests.

amounts previously recognised in other comprehensive income in relation to the former subsidiary are accounted for (i.e. reclassified to profit or loss or transferred directly to retained profits) in the same manner as would be required if the relevant assets or liabilities were disposed of. the fair value of any investments retained in the former subsidiary at the date when control is lost is regarded as the fair value on initial recognition for subsequent accounting under mFRS 139 or, when applicable, the cost on initial recognition of an investment in an associate or a jointly controlled entity.

4.3 Intangible Assets

(a) Goodwill on Consolidation

Goodwill is measured at cost less accumulated impairment losses, if any. the carrying value of goodwill is reviewed for impairment annually. the impairment value of goodwill is recognised immediately in profit or loss. an impairment loss recognised for goodwill is not reversed in a subsequent period.

Under the acquisition method, any excess of the sum of the fair value of the consideration transferred in the business combination, the amount of non-controlling interests recognised and the fair value of the Group’s previously held equity interest in the acquiree (if any), over the net fair value of the acquiree’s identifiable assets and liabilities at the date of acquisition is recorded as goodwill.

Where the latter amount exceeds the former, after reassessment, the excess represents a bargain purchase gain and is recognised as a gain in profit or loss.

(b) Research and Development Expenditure

Research expenditure is recognised as an expense when it is incurred.

Development expenditure is recognised as an expense except that costs incurred on development projects are capitalised as long-term assets to the extent that such expenditure is expected to generate future economic benefits. Development expenditure is capitalised if, and only if an entity can demonstrate all of the following:-

(i) its ability to measure reliably the expenditure attributable to the asset under development;

(ii) the product or process is technically and commercially feasible;

(iii) its future economic benefits are probable;




4.3 Intangible Assets (Cont’d)

(b) Research and Development Expenditure (Cont’d)

(iv) its ability to use or sell the developed asset; and

(v) the availability of adequate technical, financial and other resources to complete the asset under development.

capitalised development expenditure is measured at cost less accumulated amortisation and impairment losses, if any. capitalised development expenditure is transferred at cost to other intangible assets upon completion of the developed project.

(c) Other Intangible Assets

an intangible asset shall be recognised if, and only if it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and that the cost of the asset can be measured reliably. an entity shall assess the probability of the expected future economic benefits using reasonable and supportable assumptions that represent management’s best estimate of the set of economic conditions that will exist over the useful life of the asset. an intangible asset shall be measured initially at cost.

the useful lives of intangible assets are assessed to be either finite or indefinite.

intangible assets with finite lives are amortised over their useful economic lives and assessed for impairment whenever there is an indication that the intangible assets may be impaired. the amortisation period and the amortisation method for an intangible asset with a finite useful life is reviewed annually. changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied in the asset is accounted for by changing the amortisation period or method, as appropriate, and treated as changes in accounting estimates. the amortisation expense on intangible assets with finite lives is recognised in the profit or loss in the expense category consistent with the function of the intangible asset.

intangible assets that have been capitalised are amortised on a straight-line basis over the period of their expected benefit, but not exceeding five (5) years from the commencement of the commercial production of the products.

intangible assets with indefinite useful lives are tested for impairment annually either individually or at the cash-generating unit level. Such intangibles are not amortised. the useful life of an intangible asset with an indefinite life is reviewed annually to determine whether indefinite life assessment continues to be supportable. if not, the change in the useful life assessment from indefinite to finite is made on a prospective basis.

4.4 Functional and Foreign Currencies

(a) Functional and Presentation Currency

the individual financial statements of each entity in the Group are presented in the currency of the primary economic environment in which the entity operates, which is the functional currency.

the consolidated financial statements are presented in Ringgit malaysia (“Rm”), which is the company’s functional and presentation currency.

(b) Transactions and Balances

transactions in foreign currencies are converted into the respective functional currencies on initial recognition, using the exchange rates approximating those ruling at the transaction dates. monetary assets and liabilities at the end of the reporting period are translated at the rates ruling as of that date. non-monetary assets and liabilities are translated using exchange rates that existed when the values were determined. all exchange differences are recognised in profit or loss.





4.4 Functional and Foreign Currencies (Cont’d)

(c) Foreign Operations

assets and liabilities of foreign operations are translated to Rm at the rates of exchange ruling at the end of the reporting period. Revenues and expenses of foreign operations are translated at exchange rates ruling at dates of transactions. all exchange differences arising on translation are recognised directly to other comprehensive income and accumulated in equity under the translation reserve. On the disposal of a foreign operation, the cumulative amount recognised in other comprehensive income relating to that particular foreign operation is reclassified from equity to profit or loss.

4.5 Financial Instruments

Financial instruments are recognised in the statements of financial position when the Group has become a party to the contractual provisions of the instruments.

Financial instruments are classified as liabilities or equity in accordance with the substance of the contractual arrangement. interest, dividends, gains and losses relating to a financial instrument classified as a liability, are reported as an expense or income. Distributions to holders of financial instruments classified as equity are charged directly to equity.

Financial instruments are offset when the Group has a legally enforceable right to offset and intends to settle either on a net basis or to realise the asset and settle the liability simultaneously.

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

Financial instruments recognised in the statements of financial position are disclosed in the individual policy statement associated with each item.

(a) Financial Assets

On initial recognition, financial assets are classified as either financial assets at fair value through profit or loss, held-to-maturity investments, loans and receivables financial assets or available-for-sale financial assets, as appropriate.

• FinancialAssetsatFairValueThroughProfitorLoss

Financial assets are classified as financial assets at fair value through profit or loss when the financial asset is either held for trading or is designated to eliminate or significantly reduce a measurement or recognition inconsistency that would otherwise arise. Derivatives are also classified as held for trading unless they are designated as hedges.

Financial assets at fair value through profit or loss are stated at fair value, with any gains or losses arising on remeasurement recognised in profit or loss. Dividend income from this category of financial assets is recognised in profit or loss when the Group’s right to receive payment is established.

• Held-to-maturityInvestments

Held-to-maturity investments are non-derivative financial assets with fixed or determinable payments and fixed maturities that the management has the positive intention and ability to hold to maturity. Held-to-maturity investments are measured at amortised cost using the effective interest method less any impairment loss, with revenue recognised on an effective yield basis.




4.5 Financial Instruments (Cont’d)

(a) Financial Assets (Cont’d)

• LoansandReceivablesFinancialAssets

trade and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as loans and receivables financial assets. loans and receivables financial assets are measured at amortised cost using the effective interest method, less any impairment loss. interest income is recognised by applying the effective interest rate, except for short-term receivables when the recognition of interest would be immaterial.

• Available-for-saleFinancialAssets

available-for-sale financial assets are non-derivative financial assets that are designated in this category or are not classified in any of the other categories.

after initial recognition, available-for-sale financial assets are remeasured to their fair values at the end of each reporting period. Gains and losses arising from changes in fair value are recognised in other comprehensive income and accumulated in the fair value reserve, with the exception of impairment losses. On derecognition, the cumulative gain or loss previously accumulated in the fair value reserve is reclassified from equity into profit or loss.

Dividends on available-for-sale equity instruments are recognised in profit or loss when the Group’s right to receive payments is established.

investments in equity instruments whose fair value cannot be reliably measured are measured at cost less accumulated impairment losses, if any.

(b) Financial Liabilities

all financial liabilities are initially at fair value plus directly attributable transaction costs and subsequently measured at amortised cost using the effective interest method other than those categorised as fair value through profit or loss.

Fair value through profit or loss category comprises financial liabilities that are either held for trading or are designated to eliminate or significantly reduce a measurement or recognition inconsistency that would otherwise arise. Derivatives are also classified as held for trading unless they are designated as hedges.

(c) Equity Instruments

instruments classified as equity are measured at cost and are not remeasured subsequently.

(i) Ordinary Shares

incremental costs directly attributable to the issue of new shares or options are shown in equity as a deduction, net of tax, from proceeds.

Dividends on ordinary shares are recognised as liabilities when approved for appropriation.

(ii) TreasuryShares

When the company’s own shares recognised as equity are bought back, the amount of the consideration paid, including all costs directly attributable, are recognised as a deduction from equity. Own shares purchased that are not subsequently cancelled are classified as treasury shares and are presented as a deduction from total equity.

Where such shares are subsequently sold or reissued, any consideration received, net of any direct costs, is included in equity.





4.6 Investments in Subsidiaries

investments in subsidiaries are stated at cost in the statement of financial position of the company, and are reviewed for impairment at the end of the reporting period if events or changes in circumstances indicate that their carrying values may not be recoverable.

On the disposal of the investments in subsidiaries, the difference between the net disposal proceeds and the carrying amount of the investments is recognised in profit or loss.

4.7 Investments in Associates

an associate is an entity in which the Group has a long-term equity interest and where it exercises significant influence over the financial and operating policies.

the investments in associates are accounted for in the consolidated statement of financial position using the equity method, based on the financial statements of the associate made up to 31 December 2012. the Group's share of the post acquisition profits of the associate is included in the consolidated statement of comprehensive income and the Group's interest in associate is carried in the consolidated statement of financial position at cost plus the Group's share of the post-acquisition retained profits and reserves.

When the Group’s share of losses exceeds its interest in an associate, the carrying amount of that interest is reduced to zero, and the recognition of further losses is discontinued except to the extent that the Group has an obligation.

Unrealised gains on transactions between the Group and the associate are eliminated to the extent of the Group's interest in the associate. Unrealised losses are eliminated unless cost cannot be recovered.

On the disposal of the investment in an associate, the difference between the net disposal proceeds and the carrying amount of the investment is recognised in profit or loss.

4.8 Property, Plant and Equipment

Property, plant and equipment, other than freehold land are stated at cost less accumulated depreciation and impairment losses, if any.

Depreciation is calculated under the straight-line method to write off the depreciable amount of the assets over their estimated useful lives. Depreciation of an asset does not cease when the asset becomes idle or is retired from active use unless the asset is fully depreciated. the principal annual rates used for this purpose are:-

Buildings 2%leasehold land Over the term of leasecomputer hardware and software 15 - 25%Fixtures, fittings and office equipment 10 - 33%library books and manuals 10 - 33%motor vehicles 20%

the depreciation method, useful lives and residual values are reviewed, and adjusted if appropriate, at the end of each reporting period to ensure that the amounts, method and periods of depreciation are consistent with previous estimates and the expected pattern of consumption of the future economic benefits embodied in the items of the property, plant and equipment.

capital work-in-progress represents assets under construction, and which are not ready for commercial use at the end of the reporting period. capital work-in-progress is stated at cost, and is transferred to the relevant category of assets and depreciated accordingly when the assets are completed and ready for commercial use.




4.8 Property, Plant and Equipment (Cont’d)

cost of capital work-in-progress includes direct cost, related expenditure and interest cost on borrowings taken to finance the construction or acquisition of the assets to the date that the assets are completed and put into use.

Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when the cost is incurred and it is probable that the future economic benefits associated with the asset will flow to the Group and the cost of the asset can be measured reliably. the carrying amount of parts that are replaced is derecognised. the costs of the day-to-day servicing of property, plant and equipment are recognised in profit or loss as incurred. cost also comprises the initial estimate of dismantling and removing the asset and restoring the site on which it is located for which the Group is obligated to incur when the asset is acquired, if applicable.

an item of property, plant and equipment is derecognised upon disposal or when no future economic benefits are expected from its use. any gain or loss arising from derecognition of the asset is recognised in profit or loss.

the Group adopted the amendments made to mFRS 117 leases in relation to the classification of lease of land. the Group’s leasehold land which in substance is a finance lease has been reclassified as property, plant and equipment and measured as such retrospectively.

4.9 Impairment

(a) Impairment of Financial Assets

all financial assets (other than those categorised at fair value through profit or loss), are assessed at the end of each reporting period whether there is any objective evidence of impairment as a result of one or more events having an impact on the estimated future cash flows of the asset. For an equity instrument, a significant or prolonged decline in the fair value below its cost is considered to be objective evidence of impairment.

an impairment loss in respect of held-to-maturity investments and loans and receivables financial assets is recognised in profit or loss and is measured as the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

an impairment loss in respect of available-for-sale financial assets is recognised in profit or loss and is measured as the difference between its cost (net of any principal payment and amortisation) and its current fair value, less any impairment loss previously recognised in the fair value reserve. in addition, the cumulative loss recognised in other comprehensive income and accumulated in equity under fair value reserve, is reclassified from equity to profit or loss.

With the exception of available-for-sale equity instruments, if, in a subsequent period, the amount of the impairment loss decreases and the decrease can be related objectively to an event occurring after the impairment was recognised, the previously recognised impairment loss is reversed through profit or loss to the extent that the carrying amount of the investment at the date the impairment is reversed does not exceed what the amortised cost would have been had the impairment not been recognised. in respect of available-for-sale equity instruments, impairment losses previously recognised in profit or loss are not reversed through profit or loss. any increase in fair value subsequent to an impairment loss made is recognised in other comprehensive income.

(b) Impairment of Non-financial Assets

the carrying values of assets, other than those to which mFRS 136 - impairment of assets does not apply, are reviewed at end of each reporting period for impairment when there is an indication that the assets might be impaired. impairment is measured by comparing the carrying values of the assets with their recoverable amounts. the recoverable amount of the assets is the higher of the assets’ fair value less costs to sell and their value-in-use, which is measured by reference to discounted future cash flow.

an impairment loss is recognised in profit or loss immediately unless the asset is carried at its revalued amount. any impairment loss of a revalued asset is treated as a revaluation decrease to the extent of a previously recognised revaluation surplus for the same asset.





4.9 Impairment (Cont’d)

(b) Impairment of Non-financial Assets (Cont’d)

in respect of assets other than goodwill, and when there is a change in the estimates used to determine the recoverable amount, a subsequent increase in the recoverable amount of an asset is treated as a reversal of the previous impairment loss and is recognised to the extent of the carrying amount of the asset that would have been determined (net of amortisation and depreciation) had no impairment loss been recognised. the reversal is recognised in profit or loss immediately, unless the asset is carried at its revalued amount. a reversal of an impairment loss on a revalued asset is credited to other comprehensive income. However, to the extent that an impairment loss on the same revalued asset was previously recognised as an expense in the statements of comprehensive income, a reversal of that impairment loss is recognised as income in the statements of comprehensive income.

4.10 Assets under Finance Lease and Hire Purchase

leases of plant and equipment where substantially all the benefits and risks of ownership are transferred to the Group are classified as finance leases.

Plant and equipment acquired under finance lease and hire purchase are capitalised in the financial statements.

each lease or hire purchase payment is allocated between the liability and finance charges so as to achieve a constant rate on the finance balance outstanding. the corresponding outstanding obligations due under the finance lease and hire purchase after deducting finance charges are included as liabilities in the financial statements.

Finance charges are recognised in profit or loss over the period of the respective lease and hire purchase agreements.

Plant and equipment acquired under finance leases and hire purchase are depreciated over the useful lives of the assets. if there is no reasonable certainty that the ownership will be transferred to the Group, the assets are depreciated over the shorter of the lease terms and their useful lives.

4.11 Operating Leases

leases of assets where a significant portion of the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments are made under operating leases (net of any incentives received from the lessor) are recognised in profit or loss on the straight-line basis over the lease period. When an operating lease is terminated before the lease period has expired, any payment required to be made to the lessor by way of penalty is recognised as an expense in the period in which termination takes place.

4.12 Inventories

inventories are stated at the lower of cost and net realisable value. cost is determined on the weighted average basis, and includes all incidentals incurred in bringing the inventories to their present location and condition.

net realisable value represents the estimated selling price less the estimated costs necessary to make the sale.

Where necessary, due allowance is made for all damaged, obsolete and slow- moving items.

4.13 Income Taxes

income tax for the year comprises current and deferred tax.

current tax is the expected amount of income taxes payable in respect of the taxable profit for the year and is measured using the tax rates that have been enacted or substantively enacted at the end of the reporting period.




4.13 Income Taxes (Cont’d)

Deferred tax is provided in full, using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements.

Deferred tax liabilities are recognised for all taxable temporary differences other than those that arise from goodwill or excess of the acquirer’s interest in the net fair value of the acquiree’s identifiable assets, liabilities and contingent liabilities over the business combination costs or from the initial recognition of an asset or liability in a transaction which is not a business combination and at the time of the transaction, affects neither accounting profit nor taxable profit.

Deferred tax assets are recognised for all deductible temporary differences, unused tax losses and unused tax credits to the extent that it is probable that taxable profit will be available against which the deductible temporary differences, unused tax losses and unused tax credits can be utilised. the carrying amounts of deferred tax assets are reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient future taxable profits will be available to allow all or part of the deferred tax assets to be utilised.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period when the asset is realised or the liability is settled, based on the tax rates that have been enacted or substantively enacted at the end of the reporting period.

Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when the deferred income taxes relate to the same taxation authority.

Deferred tax relating to items recognised outside profit or loss is recognised outside profit or loss. Deferred tax items are recognised in correlation to the underlying transactions either in other comprehensive income or directly in equity and deferred tax arising from a business combination is included in the resulting goodwill or excess of the acquirer’s interest in the net fair value of the acquiree’s identifiable assets, liabilities and contingent liabilities over the business combination costs.

4.14 Borrowing Costs

all other borrowing costs are recognised in profit or loss as expenses in the year in which they incurred.

4.15 Cash and Cash Equivalents

cash and cash equivalents comprise cash in hand, bank balances, demand deposits, deposits pledged with financial institutions and short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

4.16 Provisions

Provisions are recognised when the Group has a present obligation as a result of past events, when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and when a reliable estimate of the amount can be made. Provisions are reviewed at the end of each reporting period and adjusted to reflect the current best estimate. Where the effect of the time value of money is material, the provision is the present value of the estimated expenditure required to settle the obligation.





4.17 Employee Benefits

(a) Short-term Benefits

Wages, salaries, paid annual leave and sick leave, bonuses and non-monetary benefits are recognised in profit or loss in the period in which the associated services are rendered by employees of the Group and of the company.

(b) Defined Contribution Plans

the Group and the company’s contributions to defined contribution plans are recognised in profit or loss in the period to which they relate. Once the contributions have been paid, the Group and the company have no further liability in respect of the defined contribution plans.

4.18 Related Parties

a party is related to an entity (referred as the “reporting entity”) if:-

(a) a person or a close member of that person’s family is related to a reporting entity if that person:-

(i) has control or joint control over the reporting entity;

(ii) has significant influence over the reporting entity; or

(iii) is a member of the key management personnel of the reporting entity or of a parent of the reporting entity.

(b) an entity is related to a reporting entity if any of the following conditions applies:-

(i) the entity and the reporting entity are members of the same group (which means that each parent, subsidiary and fellow subsidiary is related to the others).

(ii) One entity is an associate or joint venture of the other entity (or an associate or joint venture of a member of a group of which the other entity is a member).

(iii) Both entities are joint ventures of the same third party.

(iv) One entity is a joint venture of a third entity and the other entity is an associate of the third entity.

(v) the entity is a post-employment benefit plan for the benefit of employees of either the reporting entity or an entity related to the reporting entity. if the reporting entity is itself such a plan, the sponsoring employers are also related to the reporting entity.

(vi) the entity is controlled or jointly controlled by a person identified in (a) above.

(vii) a person identified in (a)(i) above has significant influence over the entity or is a member of the key management personnel of the entity (or of a parent of the entity).

close members of the family of a person are those family members who may be expected to influence, or be influenced by, that person in their dealings with the entity.




4.19 Contingent Liabilities

a contingent liability is a possible obligation that arises from past events and whose existence will only be confirmed by the occurrence of one or more uncertain future events not wholly within the control of the Group. it can also be a present obligation arising from past events that is not recognised because it is not probable that an outflow of economic resources will be required or the amount of obligation cannot be measured reliably.

a contingent liability is not recognised but is disclosed in the notes to the financial statements. When a change in the probability of an outflow occurs so that the outflow is probable, it will then be recognised as a provision.

4.20 Revenue and Other Income

(a) Sale of Goods

Sales are recognised upon delivery of goods and customers’ acceptance or performance of services and where applicable, net of returns and trade discounts.

(b) Services

Revenue is recognised upon the rendering of services and when the outcome of the transaction can be estimated reliably. in the event the outcome of the transaction could not be estimated reliably, revenue is recognised to the extent of the expenses incurred that are recoverable.

(c) Rental and Interest Income

Rental income and interest income are recognised on an accrual basis. interest income are recognised using the effective interest method.

(d) Dividend Income

Dividend income from the investment in subsidiaries is recognised upon declaration by the subsidiaries.

Dividend income from the other investment is recognised when the right to receive payment is established.

4.21 Operating Segments

an operating segment is a component of the Group that engages in business activities from which it may earn revenues and incur expenses, including revenues and expenses that relate to transactions with any of the Group’s other components. an operating segment’s operating results are reviewed regularly by the chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and for which discrete financial information is available.




5. INVESTMENTS IN SUBSIDIARIES

The Company

2012 2011 RM’000 RM’000

Unquoted shares, at cost:-at 1 January 72,974 71,824addition during the financial year - 1,150

72,974 72,974accumulated impairment losses:-at 1 January/31 December (4,595) (4,595)

68,379 68,379

the details of the subsidiaries are as follows:-

Country ofEffective

Equity InterestName of Company Incorporation 2012 2011 Principal Activities

% %

SeGi Holdings Sdn. Bhd. malaysia 100 100 investment holding and management consultancy.

SeGi University Sdn. Bhd. (formerly known as SeGi University college (m) Sdn. Bhd.)

malaysia 100 100 Provision of professional, commercial and academic education.

SeGi college (Kl) Sdn. Bhd. malaysia 100 100 Provision of professional, commercial and academic education.

SeGi college of technology (Kl) Sdn. Bhd. malaysia 100 100 Provision of computer training, professional, commercial and academic education.

SeGi college (Subang Jaya) Sdn. Bhd. malaysia 98.63 98.63 Operation of an institute providing educational programmes.

SeGi college (PG) Sdn. Bhd. malaysia 100 100 Provision of professional, commercial and academic education.

SeGi college (Sarawak) Sdn. Bhd. ~ malaysia 100 100 Operation of an educational institution for further studies.

SeGi college (PJ) Sdn. Bhd. malaysia 100 100 Provision of professional, commercial and academic education.



5. INVESTMENTS IN SUBSIDIARIES (CONT’D)

the details of the subsidiaries are as follows (cont’d):-

Country ofEffective


% %

Summit multimedia education Sdn. Bhd. malaysia 73.97 73.97 Operation of an institution providing educational programmes.

SeGi-iGS Sdn. Bhd. malaysia 70 70 Provision of educational services.

SeGi Healthcare Sdn. Bhd. (formerly known as SeGi training centre (Kuching) Sdn. Bhd.) ~

malaysia 100 100 Operation of a medical clinic, training centre for vocational and professional courses.

SeGi learning Resources (Sarawak) Sdn. Bhd. ~ malaysia 100 100 Provision of educational and training services.

SmRc learning alliance Sdn. Bhd. malaysia 100 100 Provision of educational and training services.

SmRc learning alliance (Kl) Sdn. Bhd.~ malaysia 100 100 Provision of educational and training services.

SmRc learning alliance (em) Sdn. Bhd. ~ malaysia 100 100 Provision of management consultancy services and investment holding.

SeGi eyecare Sdn. Bhd. malaysia 100 100 Provision of eye care and optometry related services.

iFPa Resources Sdn. Bhd. malaysia 100 100 Provision of financial planning and financial related courses.

Summit early childhood edu-care Sdn. Bhd. ~ malaysia 100 100 Provision of child educational and related services.

Summit early childhood edu-care (Rawang) Sdn. Bhd. ~

malaysia 70 70 Provision of child educational and related services.

Pusat Kemahiran maju Ria Sdn. Bhd. ~ malaysia 100 100 Provision of educational and training services.






Country ofEffective


% %

SeG international Group Sdn. Bhd. malaysia 100 100 investment holding and provision of training and educational services.

SeGi Dentalcare Sdn. Bhd. ~ malaysia 100 100 Provision of dental care and training services.

SeGi Youth training Sdn. Bhd. malaysia 100 100 Provision of training services.

SeGi methods Sdn. Bhd. ~ malaysia 100 100 investment holding.

SeGi international learning alliance Sdn. Bhd. (formerly known as SeGi Jobs Sdn. Bhd.) ~

malaysia 100 100 Provision of training and education services.

SeGi international education Sdn. Bhd. ~ malaysia 100 100 Provision of training and educational services.

SeGi Properties (m) Sdn. Bhd. malaysia 100 100 investment property holding.

Systematic training network Sdn. Bhd. malaysia 95 95 Provision of educational services.

SBt Professional Publications Sdn. Bhd. malaysia 100 100 Operation of a book centre, dealing in all kinds of reading materials, information research and related business.

agensi Pekerjaan Job venture Sdn. Bhd. malaysia 100 100 Provision of job placement consultancy services.

SeGi assets Sdn. Bhd. malaysia 100 100 Property investment and property management.

Binary mark Sdn. Bhd. malaysia 98.63 98.63 Property investment.

SeG equity Sdn. Bhd. malaysia 100 100 investment holding.





Country ofEffective


% %

Summit education Sdn. Bhd. malaysia 98.63 98.63 investment holding and management consultancy.

SeGi Diversified Sdn. Bhd. malaysia 100 100 investment holding.

SeGi eduHub Sdn.Bhd. ~ malaysia 100 100 Property investment and development.

SeGi land Sdn. Bhd. ~ malaysia 100 100 Property investment.

metromas Realtors Sdn. Bhd. malaysia 100 100 investment holdings and property investment.

SeGi campus Sdn. Bhd. malaysia 100 100 Property investment and development.

i-Station Solutions Sdn. Bhd. malaysia 100 100 Provision of e-learning solutions.

consortium Support Services Sdn. Bhd. ~ malaysia 100 100 Provision of hostels & transportation management.

milenium Optima Sdn. Bhd. malaysia 100 100 Provision of solutions and e-community management system.

Platinum icon Sdn. Bhd. malaysia 100 100 Development of software business solutions.

Jana Daiman Sdn. Bhd. malaysia - 100 Property investment and property management.

andaman Daya Sdn. Bhd. malaysia - 100 Property investment and property management.

Bumi intuisi Sdn. Bhd. malaysia 100 - Software development and provision of web-based learning management system.






Country ofEffective


% %

Skills malaysia invite Sdn. Bhd. malaysia 100 100 Dormant.

Worldwide accreditation ltd ~ Republic of mauritius

100 100 Provision of licensing and accreditation of educational programmes.

~ These subsidiaries were audited by other firms of chartered accountants.

6. INVESTMENTS IN ASSOCIATES

The Group

2012 2011 RM’000 RM’000

Unquoted shares, at cost 2,000 5,563Share of post-acquisition profit - 1,381

2,000 6,944Disposal during the financial year - (4,944)allowance for impairment losses (2,000) (2,000)

- -

allowance for impairment losses:-at 1 January/ 31 December (2,000) (2,000)

the details of the associate are as follows:-

Country ofEffective


% %

Palm leisure Sdn. Bhd. ~ malaysia 30 30 Dormant.

~ The associate was audited by other firm of chartered accountants.

in the previous financial year, the share of results in the associate disposed of was based on the unaudited financial statements of the associate.

the Group has not recognised losses relating to Palm leisure Sdn. Bhd., where its share of losses exceeded the Group’s interest in this associate.



7. PROPERTY, PLANT AND EQUIPMENT

At Disposal of Written Depreciation At 1.1.2012 Transfer Subsidiaries Additions Disposals Off Charge 31.12.2012The Group RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000

Net Book Value

Freehold and leasehold land 9,182 - - 54,729 - - (6) 63,905Buildings 27,096 - (4,331) - - - (432) 22,333computer hardware and software 2,519 - - 2,705 (2) (2) (1,665) 3,555Fixtures, fittings and office equipment 38,721 3,369 (575) 7,431 - - (6,176) 42,770library books and manuals 2,746 - - 954 - - (703) 2,997motor vehicles 3,409 - - 750 (165) - (1,184) 2,810capital work-in-progress 27,941 (3,369) - 7,995 - - - 32,567

111,614 - (4,906) 74,564 (167) (2) (10,166) 170,937

At Acquisition of Written Depreciation At 1.1.2011 Subsidiaries Additions Disposals Off Charge 31.12.2011The Group RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000

Net Book Value

Freehold and leasehold land 9,188 - - - - (6) 9,182Buildings 23,139 4,394 - - - (437) 27,096computer hardware and software 2,926 19 825 (2) - (1,249) 2,519Fixtures, fittings and office equipment 33,447 - 10,702 (1) (58) (5,369) 38,721library books and manuals 2,723 - 640 - - (617) 2,746motor vehicles 3,654 - 879 - - (1,124) 3,409capital work-in-progress 25,036 - 2,905 - - - 27,941

100,113 4,413 15,951 (3) (58) (8,802) 111,614




7. PROPERTY, PLANT AND EQUIPMENT (CONT’D)

Net Accumulated Book At Cost Depreciation ValueThe Group RM’000 RM’000 RM’000

At 31.12.2012

Freehold and leasehold land 63,942 (37) 63,905Buildings 27,013 (4,680) 22,333computer hardware and software 13,064 (9,509) 3,555Fixtures, fittings and office equipment 77,079 (34,309) 42,770library books and manuals 6,730 (3,733) 2,997motor vehicles 6,801 (3,991) 2,810capital work-in-progress 32,567 - 32,567

227,196 (56,259) 170,937

At 31.12.2011

Freehold and leasehold land 9,213 (31) 9,182Buildings 31,407 (4,311) 27,096computer hardware and software 10,438 (7,919) 2,519Fixtures, fittings and office equipment 67,046 (28,325) 38,721library books and manuals 5,776 (3,030) 2,746motor vehicles 6,290 (2,881) 3,409capital work-in-progress 27,941 - 27,941

158,111 (46,497) 111,614

At Depreciation At 1.1.2012 Additions Disposal Written Off Charge 31.12.2012The Company RM’000 RM’000 RM’000 RM’000 RM’000 RM’000

NET BOOK VALUE

Freehold land 4,250 - - - - 4,250Buildings 2,590 - - - (78) 2,512computer hardware and software 106 72 (1) (2) (69) 106Fixtures, fittings and office equipment 575 20 - - (138) 457motor vehicles 326 - - - (89) 237

7,847 92 (1) (2) (374) 7,562




At Depreciation At 1.1.2012 Additions Disposal Charge 31.12.2012The Company RM’000 RM’000 RM’000 RM’000 RM’000

Net Book Value

Freehold land 4,250 - - - 4,250Buildings 2,667 - - (77) 2,590computer hardware and software 114 49 (1) (56) 106Fixtures, fittings and office equipment 690 65 - (180) 575motor vehicles 416 - - (90) 326

8,137 114 (1) (403) 7,847

Net Accumulated Book At Cost Depreciation ValueThe Company RM’000 RM’000 RM’000

At 31.12.2012

Freehold land 4,250 - 4,250Buildings 3,877 (1,365) 2,512computer hardware and software 512 (406) 106Fixtures, fittings and office equipment 1,961 (1,504) 457library books and manuals 1 (1) -motor vehicles 742 (505) 237

11,343 (3,781) 7,562

At 31.12.2011

Freehold land 4,250 - 4,250Buildings 3,877 (1,287) 2,590computer hardware and software 443 (337) 106Fixtures, fittings and office equipment 1,941 (1,366) 575library books and manuals 1 (1) -motor vehicles 742 (416) 326

11,254 (3,407) 7,847

Assets pledged for banking facilities

at the end of the reporting period, the carrying amount of the freehold land and buildings of the Group and the company pledged as security for banking facilities amounted to approximately Rm61,492,000 (2011 – Rm24,856,000) and Rm6,762,000 (2011 - Rm6,840,000) respectively.





the carrying amounts of assets held under hire purchase and finance lease terms at the end of reporting date are as follows:-


2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000

computer hardware and software - 106 - -Fixtures, fittings and office equipment 3,772 9,378 - -motor vehicles 2,730 3,369 237 326

6,502 12,853 237 326

8. RECEIVABLES


2012 2011 2012 2011 Note RM’000 RM’000 RM’000 RM’000

Non-CurrentOther receivables (a) - 1,233 - 1,233

Current Tradetrade receivables (b) 38,543 23,876 - -

Non-TradeOther receivables, deposits and prepayments (c) 22,142 23,270 8,910 5,514amount owing by subsidiaries (d) - - 100,903 71,057

60,685 47,146 109,813 76,571

(a) Other receivables

in the previous financial year, the amount owing was in respect of debts due from the former subsidiaries. in the current financial year, the amount was transferred to the current portion of other receivables as disclosed in note 8(c). the purchaser of the former subsidiaries had undertaken to assume these outstanding amounts which will be settled by instalments.



8. RECEIVABLES (CONT’D)

(b) trade receivables

The Group

2012 2011 RM’000 RM’000

trade receivables 38,868 24,231allowance for impairment losses (325) (355)

38,543 23,876

allowance for impairment losses:-at 1 January (355) (355)addition during the financial year (153) -Written off 183 -

at 31 December (325) (355)

the normal trade credit terms granted by the Group ranged from 30 to 180 days (2011 – 30 to 90 days). Other credit terms are assessed and approved on a case-by-case basis.

(c) Other receivables, deposits and prepayments


2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000

Other receivables, deposits and prepayments 27,053 28,019 13,104 9,718allowance for impairment losses on other receivables (4,911) (4,749) (4,194) (4,204)

22,142 23,270 8,910 5,514

allowance for impairment losses on other receivables:-at 1 January (4,749) (6,230) (4,204) (3,960)addition during the financial year (172) (641) - (244)Writeback 10 - 10 -Written off - 2,122 - -

at 31 December (4,911) (4,749) (4,194) (4,204)

included in other receivables, deposits and prepayments are:

(a) an amount owing by former subsidiaries being subsidiaries disposed of during the current financial year amounting to approximately Rm5,166,000. the purchaser of the former subsidiaries has undertaken to settle the outstanding amounts by instalments within one year; and

(b) a security deposit paid by the Group for construction of a campus amounting to Rm2,000,000 (2011 – Rm2,000,000).




8. RECEIVABLES (CONT’D)

(d) amount owing by subsidiaries

The Company

2012 2011 RM’000 RM’000

interest bearing 100,870 70,577non-interest bearing 33 480

100,903 71,057

the amount owing by subsidiaries is non-trade in nature, unsecured and receivable on demand. the interest bearing portion bore an effective interest rate of 1% (2011 - 1%) per annum.

9. INTANGIBLE ASSETS

DevelopmentThe Group Goodwill Costs Total RM’000 RM’000 RM’000

Cost:

at 1 January 2011 35,375 5,786 41,161addition during the financial year 442 134 576effect of movement in exchange rates - 21 21

at 31 December 2011/1 January 2012 35,817 5,941 41,758addition during the financial year - 27 27

at 31 December 2012 35,817 5,968 41,785

Accumulated Amortisation/Impairment Losses:

at 1 January 2011 (7,869) (5,613) (13,482)amortisation for the financial year - (218) (218)effect of movement in exchange rates - (17) (17)

at 31 December 2011/1 January 2012 (7,869) (5,848) (13,717)amortisation for the financial year - (109) (109)

at 31 December 2012 (7,869) (5,957) (13,826)

Carrying Amount:

at 31 December 2012 27,948 11 27,959

at 31 December 2011 27,948 93 28,041



9. INTANGIBLE ASSETS (CONT’D)

Impairment testing for CGUs containing goodwill

With effect from 1 January 2006, the Group no longer amortises goodwill on consolidation. Such goodwill is reviewed annually for impairment, including in the year of its initial recognition, as well as when there are indications of impairment. impairment losses are recognised when the carrying amount of the cash-generating unit ("cGU") to which the goodwill has been allocated exceeds its recoverable amount. impairment loss is recognised in profit or loss and subsequent reversal is not allowed.

the Group has assessed the recoverable amounts of goodwill allocated and determined that no additional impairment is required.

the recoverable amount for the above is based on value in use calculations using cash flow projections covering a five-year period approved by the management.

the following describes the key assumptions on which management has based its cash flow projections to undertake impairment testing of goodwill:

• TherewillbenomaterialchangesinthestructureandprincipalactivitiesoftheGroup.

• Therewillnotbeanysignificantincreaseinthelabourcosts,adversechangesintheeconomicconditionsorotherabnormalfactors,which will adversely affect the operations of the Units.

• Discountrateof9%(2011-8%)isappliedindeterminingtherecoverableamountsoftheUnits.Thediscountratewasestimatedbasedon the Group's existing rate of borrowings.

10. OTHER INVESTMENTS


2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000

Quoted shares 4,567 6,216 - -

Fair value gain/(loss) recognised in other comprehensive income 1,354 (1,649) - -

5,921 4,567 - -




10. OTHER INVESTMENTS (CONT’D)


2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000

allowance for impairment loss:-at 1 January - - - -addition during the financial year (2,168) - - -

at 31 December (2,168) - - -

3,753 4,567 - -

Unquoted bonds, at cost 2,080 2,080 2,080 2,080allowance for impairment loss:-

at 1 January/ 31 December (2,080) (2,080) (2,080) (2,080)

- - - -

total carrying amount 3,753 4,567 - -

measured using:cost model - -Fair value model 3,753 4,567

total carrying amount 3,753 4,567

market value of quoted investments in malaysia 3,753 4,567

(a) the Group designated its investments in quoted shares as available-for-sale financial assets and measured at fair value.

(b) the Group designated its investments in unquoted bonds as available-for-sale financial assets which are stated at cost as their fair values cannot be reliably measured using valuation techniques due to the lack of marketability of the bonds.

11. DEFERRED TAX ASSETS


2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000

at 1 January 2,771 3,174 1,121 1,557Recognised in profit or loss (note 24) 488 (403) 75 (436)

at 31 December 3,259 2,771 1,196 1,121



11. DEFERRED TAX ASSETS (CONT’D)

the deferred tax assets are attributed to the following:


2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000

Unabsorbed capital allowances 2,316 2,042 1,756 1,515Unutilised tax losses 927 971 - -Revaluation of property (283) (283) (283) (283)accelerated capital allowances over depreciation 299 41 (277) (111)

at 31 December 3,259 2,771 1,196 1,121

12. INVENTORIES

inventories represent eyecare products for sale stated at cost.

none of the inventories are stated at net realisable value.

13. CASH AND CASH EQUIVALENTS


2012 2011 2012 2011 Note RM’000 RM’000 RM’000 RM’000

Short-term investments with financial institutions (a) 26,046 10,533 26,046 10,533Fixed deposits with licensed banks (b) 52,722 11,811 52,598 11,691cash and bank balances 29,519 64,811 17,026 57,455

108,287 87,155 95,670 79,679

(a) Short-term investments with financial institutions


2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000

Short-term investments with financial institutions 28,046 12,533 28,046 12,533allowance for impairment loss (2,000) (2,000) (2,000) (2,000)

26,046 10,533 26,046 10,533




13. CASH AND CASH EQUIVALENTS (CONT’D)

(b) Fixed deposits with licensed banks of the Group and the company amounting to approximately Rm12,530,000 (2011 - Rm11,691,000) and Rm12,406,000 (2011 – Rm11,691,000) respectively are pledged for banking facilities granted to the Group and the company.

as at the end of the reporting period, the fixed deposits:

(i) bore a weighted average effective interest rate of 3.23% (2011 - 3.12%) per annum; and

(ii) have maturity periods ranging from 1 month to 12 months (2011 - 1 month to 12 months).

14. SHARE CAPITAL

The Group/The Company

Par 2012 2011 2012 2011 Value Number of SharesOrdinary Shares: RM ’000 ’000 RM’000 RM’000

Authorised

at 1 January 0.25/0.50 1,000,000 500,000 250,000 250,000Share split 0.25 - 500,000 - -

at 31 December 0.25 1,000,000 1,000,000 250,000 250,000

Issued And Fully Paid-Up

at 1 January 0.25/0.50 558,697 251,247 139,674 125,623exercise of warrants 0.50 - 21,660 - 10,830Share split 0.25 - 272,907 - -exercise of warrants 0.25 106,181 12,883 26,545 3,221

at 31 December 0.25 664,878 558,697 166,219 139,674

(a) During the financial year, the company increased its issued and paid-up share capital from Rm139,674,000 to Rm166,219,000 by the issuance of 106,181,000 new ordinary shares of Rm0.25 each pursuant to the exercise of warrants.

the new ordinary shares issued rank pari passu in all respects with the existing ordinary shares of the company.

(b) in the previous financial year, the company:-

(i) completed a share split involving the subdivision of every one (1) existing ordinary share of Rm0.50 each into two (2) ordinary shares of Rm0.25 each (“Share Split”); and

(ii) increased its issued and paid-up share capital from Rm125,623,000 to Rm139,674,000 by the issuance of:

(a) 21,660,000 new ordinary shares of Rm0.50 each prior to the Share Split pursuant to the exercise of warrants; and

(b) 12,883,000 new ordinary shares of Rm0.25 each after the Share Split pursuant to the exercise of warrants.

the new ordinary shares issued rank pari passu in all respects with the existing ordinary shares of the company.



15. RESERVES


2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000

Retained profits 89,973 61,572 8,484 9,179Warrant reserve 2,087 4,742 2,087 4,742Share premium 45,612 16,412 45,612 16,412available-for-sale financial asset reserve (20) (1,374) - -exchange translation reserve 476 204 - -treasury shares (37,475) (37,471) (37,475) (37,471)

100,653 44,085 18,708 (7,138)

(a) Retained profits

as at the end of the reporting date, the company will be able to distribute dividends out of its entire retained profits under the single tier system.

(b) Warrant reserve

the movements in the warrant reserve of the Group and of the company are as follows:

The Group/The Company 2012 2011 RM’000 RM’000

at 1 January 4,742 6,147exercise of warrants (2,655) (1,405)

at 31 December 2,087 4,742

the Warrants 2010/2015 are constituted by a Deed Poll dated 15 July 2010.

During the financial year, no options were granted by the company to any person to take up any unissued shares in the company.

at the end of the reporting period, there were 83,501,094 (2011 - 189,683,154) unexercised Warrants in issue at a revised exercise price of Rm0.50.

the principal terms are as follows:

(i) tenure 5 years from the date of issuance of the warrants.

(ii) exercise Period the Warrants shall be exercisable at any time within the period commencing on, and inclusive of, the date of issue of the warrants and ending on the date preceding the 5th anniversary of the date of issue of the Warrants.

(iii) exercise Rights each Warrant entitles the holder to subscribe for 1 new ordinary share of Rm0.25 (prior to share split exercise, the par value of ordinary share was Rm0.50) each (“Share”) at the exercise Price at any time during the exercise Period.




15. RESERVES (CONT’D)

(b) Warrant reserve (Cont’d)

the principal terms are as follows (cont’d):

(iv) exercise Price Rm1.00 cash per new Share, subject to the adjustments in accordance with the provisions of the Deed Poll. this was subsequently adjusted to Rm0.50 each per new share upon the share split exercise of the company completed on 12 July 2011.

(v) listing approval has been obtained from Bursa Securities vide its letter dated 3 June 2010 for the admission of the Warrants to the Official list of Bursa Securities, the listing of and quotation for the Warrants, and the listing of and quotation for the new Shares to be issued pursuant to the exercise of the Warrants on the main market.

(vi) adjustment in the exercise Price and/or the number of Warrants held by Holders in the event or alteration to the share capital

Subject to the provisions of the Deed Poll, the exercise Price and/or the number of Warrants held by each Holder shall be adjusted by the Directors in consultation with the auditor or principal adviser, in the event of alteration to share capital of the company including but not limited to share consolidation or subdivision or conversion, issuance of shares by way of capitalisation of profits or reserves, capital distribution and right issue of shares or convertible securities in accordance with provisions as set out in the Deed Poll.

the ordinary shares issued from the exercise of Warrants shall rank pari passu in all respects with the existing issued ordinary shares of the company except that they shall not be entitled to any dividends, distributions, rights, allotment and/or any other forms of distribution where the entitlement date of which precedes the relevant date of the allotment and issuance of the new shares arising from the exercise of Warrants.

(c) Share premium

the movement in the share premium of the Group and of the company is as follows:


at 1 January 16,412 956exercise of Warrants 29,200 15,456

at 31 December 45,612 16,412

the share premium is not distributable by way of dividends and may be utilised in the manner set out in Section 60(3) of the companies act 1965 in malaysia.

(d) Available-for-sale financial asset reserve

the available-for-sale financial asset reserve represents the cumulative fair value changes, net of tax, of available-for-sale financial assets until they are disposed of or impaired.

(e) Exchange translation reserve

the exchange translation reserve arose from the translation of the financial statements of a foreign subsidiary and is not distributable by way of dividends.



15. RESERVES (CONT’D)

(f) Treasury shares

During the financial year, the company purchased its issued ordinary shares in the open market under the share buy-back programme. Details are as follows:-

Price Per Share Par Cost of Lowest Highest Average No. of Value Shares RM RM RM Shares RM RM’000

Balance at 1 January 2011 7,184,500 0.50 16,693

addition during the financial year 3.25 3.81 3.54 3,747,400 0.50 13,256consequential adjustment due to share split 10,931,900 -addition during the financial year 1.69 1.91 1.80 4,175,800 0.25 7,522

Balance at 31 December 2011/ 1 January 2012 26,039,600 0.25 37,471addition during the financial year 1.87 2.06 1.97 2,000 0.25 4

Balance at 31 December 2012 26,041,600 0.25 37,475

the share buy-back programme was financed by internally generated funds. the shares purchased were retained as treasury shares in accordance with Section 67a of the companies act 1965 in malaysia and are presented as a deduction from shareholders’ equity.

During the financial year, there were no re-sale of treasury shares.

16. LONG-TERM BORROWINGS


2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000

Hire purchase and finance lease payables (note 17) 1,254 3,412 94 179term loans (note 18) 44,000 1,580 - -

45,254 4,992 94 179




17. HIRE PURCHASE AND FINANCE LEASE PAYABLES


2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000

minimum hire purchase and finance lease payments:- repayable within one year 2,815 3,743 95 105- repayable between one year to five years 1,404 3,683 98 192

4,219 7,426 193 297less: Future finance charges (241) (540) (14) (28)

Present value of hire purchase and finance lease payables 3,978 6,886 179 269

the net hire purchase and finance lease payables are repayable as follows:

non-current:- repayable between one year to five years (note 16) 1,254 3,412 94 179

current:- not later than one year (note 21) 2,724 3,474 85 90

3,978 6,886 179 269

the hire purchase and finance lease payables at the end of the reporting period bore interest rates ranging from 2.00% to 6.98% (2011 – 2.30% to 8.00%) per annum.

18. TERM LOANS

The Group

2012 2011 RM’000 RM’000

non-current portion (note 16):- repayable between one year to two years - 251- repayable between two to five years 6,000 874- repayable after five years 38,000 455

44,000 1,580current portion (note 21):- repayable within one year - 263

44,000 1,843



18. TERM LOANS (CONT’D)

the details of the term loans at the end of the reporting period are as follows:-

Effective Number of Monthly Dates of Amount Outstanding Monthly Instalments Commencement 2012 2011 Instalments RM of Repayment RM’000 RM’000

term loan 1 109 * Jan 2016 ^ 44,000 -term loan 2 36 9,119 march 2009 - 29term loan 3 84 29,870 July 2011 - 1,814

44,000 1,843

* to be determined by the bank on the commencement of repayment^ the monthly principal repayment for term loan 1 will commence on the 37th month from the date of the first drawdown.

During the financial year, the company has fully settled term loans 2 and 3.

the term loan at the end of the reporting period bore a weighted average effective interest rate of 4.11% (2011 – 7.60%) per annum.

term loan 1 is secured by:

(i) a facility agreement;(ii) a first party first legal charge over the freehold land of a subsidiary (note 7); and(iii) a corporate guarantee given by the company.

in the previous financial year, term loan 3 was secured by a first legal charge over the leasehold property of a subsidiary (note 7) and a personal guarantee of a director.

19. DEFERRED TAX LIABILITIES

The Group

2012 2011 RM’000 RM’000

at 1 January 4,322 2,487Recognised in profit or loss (note 24) (2,283) 1,835

at 31 December 2,039 4,322

the deferred tax liabilities represent accelerated capital allowances.




20. PAYABLES


2012 2011 2012 2011 Note RM’000 RM’000 RM’000 RM’000

Tradetrade payables (a) 1,113 1,175 - -

Non-TradeOther payables and accruals (b) 35,031 36,675 3,277 5,247

amount owing to subsidiaries (c) - - 63,576 44,559

36,144 37,850 66,853 49,806

(a) trade payables

the normal trade credit terms granted to the Group ranged from 30 to 60 days (2011 – 30 to 90 days).

(b) Other payables and accruals

included in the other payables and accruals of the Group are deposits received from students amounting to approximately Rm9,177,000 (2011 – Rm3,749,000).

(c) amount owing to subsidiaries

the amount owing to subsidiaries is non-trade in nature, unsecured, interest-free and repayable on demand. the foreign currency exposure profile of the amount owing to the subsidiaries of the company at the end of the reporting period is as follows:

The Company

2012 2011 RM’000 RM’000

United States Dollar 7,964 2,104

21. SHORT-TERM BORROWINGS


2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000

Hire purchase and finance lease payables (note 17) 2,724 3,474 85 90term loans (note 18) - 263 - -

2,724 3,737 85 90



22. REVENUE


2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000

educational services rendered 284,267 277,603 1,954 1,954management fee - - 14,356 13,961Rental income 586 637 18,071 18,095Dividend income 72 53 26,510 40,893

284,925 278,293 60,891 74,903

23. PROFIT BEFORE TAXATION


2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000

Profit before taxation is arrived at after charging/(crediting):allowance for impairment loss on other investments 2,168 - - -allowance for impairment losses on:- trade receivables 153 - - -- other receivables 172 641 - 244amortisation of development costs 109 218 - -audit fee:- for the current financial year 260 237 45 42- underprovision in the previous financial year 4 16 - -Bad debts written off 1,265 - - -Depreciation of property, plant and equipment 10,166 8,802 374 403Directors’ fee 257 323 257 323Directors’ non-fee emoluments 2,154 3,471 2,020 3,337impairment loss on goodwill 31 - - -interest expense 468 746 18 207lease of premises 18,586 17,230 17,212 15,632Pre-operating expenses 3 - - -Property, plant and equipment written off 2 58 2 -Rental expense:- equipment 561 275 - -- hostel 16,571 16,118 - -- premises 5,453 5,452 748 748




23. PROFIT BEFORE TAXATION (CONT’D)


2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000

Staff costs:- salaries, wages, bonuses and allowances 82,131 73,638 1,482 1,067- defined contribution plans 9,049 6,980 120 90- other benefits 5,167 4,599 134 300loss/(Gain) on disposal of property, plant and equipment 16 (59) - -loss/(Gain) on foreign exchange:- realised 21 (3) (1) -- unrealised - (170) - -Dividend income (72) (53) (26,510) (40,893)Gain on disposal of other investments - (163) - -Gain on disposal of subsidiaries (299) - - -interest income:- subsidiaries - - (734) (725)- others (1,749) (1,775) (1,742) (1,772)net gain on disposal of investment in an associate - (54) - -Rental income (747) (758) (18,070) (18,095)Writeback of allowance for impairment loss on other receivables (10) - (10) -

24. INCOME TAX EXPENSE


2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000

current taxation:- for the financial year 11,851 14,321 1,590 1,500- share of taxation in an associate - 2 - -- (over)/underprovision in the previous financial years (713) (559) (150) 37

11,138 13,764 1,440 1,537

Deferred tax assets (note 11):- relating to originating and recognition of temporary differences (488) 379 16 427- over/(under)provision in the previous financial year - 24 (91) 9 (488) 403 (75) 436

Deferred tax liabilities (note 19):- relating to originating and recognition of temporary differences (1,064) 846 - -- (over)/underprovision in the previous financial year (1,219) 989 - - (2,283) 1,835 - -

8,367 16,002 1,365 1,973



24. INCOME TAX EXPENSE (CONT’D)

a reconciliation of income tax expense applicable to the profit before taxation at the statutory tax rate to income tax expense at the effective tax rate of the Group and of the company is as follows:-


2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000

Profit before taxation 68,383 88,218 32,612 47,350

tax at the statutory tax rate of 25% 17,095 22,055 8,153 11,838

tax effects of:-non-deductible expenses 1,625 2,184 286 384non-taxable gain (7,528) (8,786) (6,833) (10,295)Deferred tax assets not recognised during the financial year 1,389 291 - -Utilisation of previously unrecognised deferred tax assets (1,529) (82) - -(Over)/Underprovision in the previous financial year:- current tax (713) (559) (150) 37- deferred tax (1,219) 965 (91) 9Differential in tax rates (753) (66) - -

tax for the financial year 8,367 16,002 1,365 1,973

Subject to agreement with the tax authorities, the Group has unabsorbed capital allowances and unutilised tax losses available at the end of the reporting period to be carried forward for offset against future taxable business income are as follows:

The Group

2012 2011 RM’000 RM’000

Unutilised tax losses 12,619 6,570Unabsorbed capital allowances 9,546 80

22,165 6,650




25. EARNINGS PER SHARE

(a) the basic earnings per share is arrived at by dividing the Group’s profit attributable to shareholders of Rm60,343,000 (2011 - Rm72,314,000) by the weighted average number of ordinary shares in issue during the financial year, net of treasury shares, of approximately 592,815,000 (2011 - 512,471,000).

(b) Diluted earnings per share is as follows:-

The Group

2012 2011 RM’000 RM’000

EarningsProfit attributable to the owners of the company 60,343 72,314

Weighted average number of ordinary shares, adjusted for share split and bonus issue (’000) 592,815 512,471

effect of dilution (’000)- exercise of warrants 72,200 135,545

adjusted weighted average number of ordinary shares (’000) 665,015 648,016

Diluted earnings per share (sen) 9.07 11.16

26. DIVIDENDS


in respect of the financial year ended:-

31 December 2010:- final single tier dividend of Rm0.07 per ordinary share of Rm0.50 each - 17,841

31 December 2011:- a special dividend of Rm0.14 per ordinary share of Rm0.50 each less 25% tax - 25,914- a second interim single tier dividend of Rm0.10 per ordinary share of Rm0.25 each - 53,263

in respect of the financial year ended:-

31 December 2012:- an interim single tier dividend of Rm0.05 per ordinary share of Rm0.25 each 31,942 -

31,942 97,018



27. PURCHASE OF PROPERTY, PLANT AND EQUIPMENT

The Group The Company 2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000

cost of property, plant and equipment purchased 74,564 15,951 92 114

amount financed through:- hire purchase and finance lease (591) (2,716) - -

cash disbursed for purchase of property, plant and equipment 73,973 13,235 92 114

28. ACQUISITION OF A SUBSIDIARY

(a) in the current financial year, the details of net assets acquired and cash flows arising from the acquisition of a subsidiary were as follows:-

At Date of Acquisition RM’000

assets *liabilities (31)

Fair value of net assets acquired (31)Goodwill on acquisition of a subsidiary 31

total purchase consideration *less: cash at bank of the subsidiary *

net cash outflow on acquisition of a subsidiary *

* - less than RM1,000

(b) in the previous financial year, the details of net assets acquired and cash flows arising from the acquisition of subsidiaries were as follows:-

At Date of Acquisition RM’000

assets 5,347liabilities (5,089)

Fair value of net assets acquired 258Goodwill on acquisition of subsidiaries 442

total purchase consideration 700less: cash at bank of the subsidiaries (142)

net cash outflow on acquisition of subsidiaries 558




29. DISPOSAL OF SUBSIDIARIES

in the current financial year, the details of net assets disposed of and cash flows arising from the disposal of subsidiaries were as follows:-

The Group RM’000

assets 7,304liabilities (7,103)

Fair value of net assets disposed 201Gain on disposal of subsidiaries 299

Sale proceeds from disposal of subsidiaries 500less: cash at bank of the subsidiaries (35)

net cash inflow for disposal of subsidiaries 465

30. DIRECTORS’ REMUNERATION

the aggregate amount of emoluments received and receivable by Directors of the Group and of the company during the financial year are as follows:-


executive directors:- salaries and other short-term employee benefits 1,927 3,106 1,807 2,986- contribution to employees’ Provident Fund (“ePF”) 227 365 213 351

2,154 3,471 2,020 3,337

non-executive directors:- fee 257 323 257 323



30. DIRECTORS’ REMUNERATION (CONT’D)

the details of emoluments for the directors of the Group and of the company received/receivable for the financial year in bands of Rm50,000 are as follows:-

2012 2011 Non- Non- Executive Executive Executive Executive Directors Directors Directors Directors

The Group

nil - 2 - -Below Rm50,000 - 4 - 4Rm50,001 - Rm100,000 - 2 - 2Rm450,001 – Rm500,000 1 - - -Rm500,001 – Rm550,000 1 - - -Rm550,001 – Rm600,000 2 - - -Rm650,001 – Rm700,000 - - 1 -Rm850,001 – Rm900,000 - - 2 -Rm1,000,001 – Rm1,050,000 - - 1 -

The Company

nil - 2 - -Below Rm50,000 - 4 - 4Rm50,001 - Rm100,000 - 2 - 2Rm400,001 – Rm450,000 1 - - -Rm450,001 – Rm500,000 1 - - -Rm550,001 – Rm600,000 2 - - -Rm650,001 – Rm700,000 - - 1 -Rm700,001 – Rm750,000 - - 1 -Rm850,001 – Rm900,000 - - 1 -Rm1,000,001 – Rm1,050,000 - - 1 -

31. RELATED PARTY DISCLOSURES

(a) identities of related parties

in addition to the information detailed elsewhere in the financial statements, the Group has related party relationships with its directors, key management personnel and entities within the same group of companies.




31. RELATED PARTY DISCLOSURES (CONT’D)

(b) Other than those disclosed elsewhere in the financial statements, the Group and the company also carried out the following transactions with the related parties during the financial year:-

The Company

2012 2011 RM’000 RM’000

Sale of services to subsidiaries:- interest charge 734 725- maintenance fee 1,774 1,774- management fee 14,356 13,961- rental of premises 17,547 17,547- service charge 180 180

Purchase of services from subsidiary:- accreditation fee 7,767 6,864- management fee 4,727 4,675

Dividend income from subsidiaries 26,510 40,893


Key management personnel compensation

Directors of the company:- fee 257 323 257 323- remuneration 1,927 3,106 1,807 2,986- contribution to ePF 227 365 213 351

2,411 3,794 2,277 3,660

Other key management personnel:- salary and other short-term employee benefits 2,382 1,375 725 375- contribution to ePF 279 161 83 44

2,661 1,536 808 419

total 5,072 5,330 3,085 4,079



32. CONTINGENT LIABILITIES


2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000

corporate guarantee given to secure banking facilities granted to a subsidiary - - 44,000 -Bank guarantee given to an electricity provider * 73 83 - -

73 83 44,000 -

* This is secured by a pledge over the fixed deposits of a subsidiary.

33. COMMITMENTS

Capital commitments

authorised capital expenditure not provided for in the financial statements:-

The Group

2012 2011 RM’000 RM’000

approved but not contracted for:- purchase of property, plant and equipment 100,000 399

approved and contracted for:- purchase of plant and equipment 2,400 -

Operating lease commitments

the future minimum lease payments under the non-cancellable operating leases are as follows:-


2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000

not later than one year 22,550 23,476 17,387 17,212later than one year and not later than five years 77,469 79,823 74,917 73,989later than five years 13,637 31,952 13,637 31,952

total 113,656 135,251 105,941 123,153




34. FOREIGN EXCHANGE RATE

the applicable closing foreign exchange rate used (expressed on the basis of one unit of foreign currency to Rm equivalent) for the translation of foreign currency balances at the end of the reporting period is as follows:-

The Group

2012 2011 RM’000 RM’000

United States Dollar 3.06 3.18

35. OPERATING SEGMENTS

Segmental reporting is not presented as the Group is principally engaged in the provision of educational activities, which is substantially within a single business segment and operates wholly in malaysia.

36. FINANCIAL INSTRUMENTS

the Group’s activities are exposed to a variety of market risk (including foreign currency risk, interest rate risk and equity price risk), credit risk and liquidity risk. the Group’s overall financial risk management policy focuses on the unpredictability of financial markets and seeks to minimise potential adverse effects on the Group’s financial performance.

36.1 Financial Risk Management Policies

the Group’s financial risk management policy seeks to ensure that adequate financial resources are available for the development of the Group’s businesses whilst managing its market risk, credit risk and liquidity risk. the Group’s policies in respect of the major areas of treasury activity are as follows:-

(a) Market Risk

(i) ForeignCurrencyRisk

the Group does not have material foreign currency transactions, assets or liabilities and hence the exposure to foreign currency risk is not material.

(ii) InterestRateRisk

interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. the Group’s exposure to interest rate risk arises mainly from interest-bearing financial assets and liabilities. the Group’s policy is to obtain the most favourable interest rates available. any surplus funds of the Group will be placed with licensed financial institutions to generate interest.

information relating to the Group’s exposure to the interest rate risk of the financial liabilities is disclosed in note 36.1(c) to the financial statements.



36. FINANCIAL INSTRUMENTS (CONT’D)

36.1 Financial Risk Management Policies (Cont’d)

(a) Market Risk (Cont’d)

(ii) InterestRateRisk(Cont’d)

interest rate risk sensitivity analysis

the following table details the sensitivity analysis to a reasonably possible change in the interest rates at the end of the reporting period, with all other variables held constant:-

The Group The Company 2012 2011 2012 2011 Increase/ Increase/ Increase/ Increase/ (Decrease) (Decrease) (Decrease) (Decrease) RM’000 RM’000 RM’000 RM’000

Effects on profit after taxation/equityincrease of 100 basis points (bp) 64 75 392 88Decrease of 100 bp (64) (75) (392) (88)

(iii) EquityPriceRisk

the Group’s principal exposure to equity price risk arises mainly from changes in quoted investment prices. the Group’s exposure to price risks is nominal as the investment in quoted shares is considered insignificant.

(b) Credit Risk

the Group’s exposure to credit risk, or the risk of counterparties defaulting, arises mainly from trade and other receivables. the Group manages its exposure to credit risk by the application of credit approvals, credit limits and monitoring procedures on an ongoing basis. For other financial assets (including quoted investments, cash and bank balances and derivatives), the Group minimises credit risk by dealing exclusively with high credit rating counterparties.

the Group establishes an allowance for impairment that represents its estimate of incurred losses in respect of the trade and other receivables as appropriate. the main components of this allowance are a specific loss component that relates to individually significant exposures, and a collective loss component established for groups of similar assets in respect of losses that have been incurred but not yet identified. impairment is estimated by management based on prior experience and the current economic environment.

(i) Creditriskconcentrationprofile

the Group does not have any major concentration of credit risk related to any individual customer or counterparty.

(ii) Exposuretocreditrisk

as the Group does not hold any collateral, the maximum exposure to credit risk is represented by the carrying amount of the financial assets at the reporting date.






(b) Credit Risk (Cont’d)

(iii) Ageinganalysis

the ageing analysis of the Group’s trade receivables at the reporting date is as follows:-

Gross Individual Carrying Amount Impairment Value RM’000 RM’000 RM’000

The Group

2012not past due 38,526 - 38,526Past due:- over 6 months 342 (325) 17

38,868 (325) 38,543

2011not past due 23,693 - 23,693Past due:- 3 to 6 months 16 - 16- over 6 months 522 (355) 167

24,231 (355) 23,876

these receivables are not secured by any collateral or credit enhancement.

trade receivables that are neither past due nor impaired

a significant portion of trade receivables that are neither past due nor impaired are regular customers that have been transacting with the Group. the Group uses ageing analysis to monitor the credit quality of the trade receivables. any receivables having significant balances past due or more than 180 days, which are deemed to have higher credit risk, are monitored individually. Based on past experiences, the management believes that no allowance for impairment is necessary in respect of these balances.





(c) Liquidity Risk

liquidity risk arises mainly from general funding and business activities. the Group practises prudent risk management by maintaining sufficient cash and bank balances and the availability of funding through certain committed credit facilities.

the following table sets out the maturity profile of the financial liabilities as at the end of the reporting period based on contractual undiscounted cash flows (including interest payments computed using contractual rates or, if floating, based on the rates at the end of the reporting period):-

Weighted Effective Contractual Interest Carrying Undiscounted Within 1 - 5 Over 5 Rate Amount Cash Flows 1 Year Years Years % RM’000 RM’000 RM’000 RM’000 RM’000

The Group

2012Payables - 36,144 36,144 36,144 - -Hire purchase and finance lease payables 2.00% - 6.98% 3,978 4,219 2,815 1,404 -term loans 4.11% 44,000 44,517 - 6,000 38,517Dividend payable - 31,942 31,942 31,942 - -

116,064 116,822 70,901 7,404 38,517

2011Payables - 37,850 37,850 37,850 - -Hire purchase and finance lease payables 2.30% - 8.00% 6,886 7,426 3,743 3,683 -term loans 4.30% - 7.60% 1,843 2,300 388 1,792 120Dividend payable - 53,263 53,263 53,263 - -

99,842 100,839 95,244 5,475 120






(c) Liquidity Risk (Cont’d)

Weighted Effective Contractual Interest Carrying Undiscounted Within 1 - 5 Rate Amount Cash Flows 1 Year Years % RM’000 RM’000 RM’000 RM’000

The Company

2012Payables - 66,853 66,853 66,853 -Hire purchase and finance lease payables 5.2% 179 193 95 98Dividend payable - 31,942 31,942 31,942 -

98,974 98,988 98,890 98

2011Payables - 49,806 49,806 49,806 -Hire purchase and finance lease payables 5.2% 269 297 105 192Dividend payable - 53,263 53,263 53,263 -

103,338 103,366 103,174 192

36.2 Capital Risk Management

the Group manages its capital to ensure that entities within the Group will be able to maintain an optimal capital structure so as to support their businesses and maximise shareholders’ value. to achieve this objective, the Group may make adjustments to the capital structure in view of changes in economic conditions, such as adjusting the amount of dividend payment, returning of capital to shareholders or issuing new shares.

the Group manages its capital based on debt-to-equity ratio. the Group’s strategies were unchanged from the previous financial year. the debt-to-equity ratio is calculated as net debt divided by total capital. net debt is calculated as borrowings plus trade and other payables less cash and cash equivalents.

the management are of the opinion that the Group has insignificant external borrowings and therefore the debt-to-equity ratio is not presented as it does not provide a meaningful indicator of the risk of borrowings.

Under the requirement of Bursa malaysia Practice note no. 17/2005, the company is required to maintain a consolidated shareholders’ equity (total equity attributable to owners of the company) equal to or not less than the 25% of the issued and paid-up share capital (excluding treasury shares) and such shareholders’ equity is not less than Rm40 million. the company has complied with this requirement.




36.3 Classification Of Financial Instruments


2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000

Financial assets

Available-for-sale financial assetsOther investments 3,753 4,567 - -

Loans and receivables financial assets Receivables 54,492 34,378 108,466 77,804cash and cash equivalents 108,287 87,155 95,670 79,679

162,779 121,533 204,136 157,483

Financial liabilities

Other financial liabilitiesPayables 36,144 37,850 66,853 49,806Hire purchase and finance lease payables 3,978 6,886 179 269term loans 44,000 1,843 - -Dividend payable 31,942 53,263 31,942 53,263

116,064 99,842 98,974 103,338

36.4 Fair Values of Financial Instruments

the carrying amounts of the financial assets and financial liabilities reported in the financial statements approximated their fair values.

the following summarises the methods used to determine the fair values of the financial instruments:-

(a) the financial assets and financial liabilities maturing within the next 12 months approximated their fair values due to the relatively short-term maturity of the financial instruments.

(b) the fair value of quoted investments is estimated based on their quoted market prices at the reporting date.

(c) the carrying amounts of the term loans approximated their fair values as the fair values are determined by discounting the relevant cash flows using interest rates for similar types of instruments.

36.5 Fair Value Hierarchy

the fair values of the financial assets and liabilities are analysed into level 1 to 3 as follows:-

level 1: Fair value measurements derive from quoted prices (unadjusted) in active markets for identical assets or liabilities.

level 2: Fair value measurements derive from inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly or indirectly.

level 3: Fair value measurements derive from valuation techniques that include inputs for the asset or liability that are not based on observable market data (unobservable inputs).





36.5 Fair Value Hierarchy (Cont’d)

Fair value Hierarchy analysis

the Group has carried its quoted investments that are classified as available-for-sale financial assets at their fair values. these financial assets belong to level 1 of the fair value hierarchy.

37. TRANSITION TO THE MFRS FRAMEWORK

as stated in note 3.1 to the financial statements, these are the first financial statements of the Group and the company prepared in accordance with mFRSs. the accounting policies in note 4 to the financial statements have been applied to all financial information covered under this set of financial statements.

in preparing the opening mFRS statements of financial position at 1 January 2011 (date of transition), the Group and the company have adjusted amounts reported previously in financial statements prepared in accordance with FRSs. the financial impacts on the transition are as below:-

Reconciliation of Financial Position

1.1.2011 31.12.2011 Transition Transition FRSs Effects MFRSs FRSs Effects MFRSs Note RM’000 RM’000 RM’000 RM’000 RM’000 RM’000

The Group

Revaluation reserve (a) 1,952 (1,952) - 1,927 (1,927) - Retained profits (a), (b) 85,716 560 86,276 61,037 535 61,572 exchange translation reserve (b) (1,392) 1,392 - (1,188) 1,392 204

The Company

Revaluation reserve (a) 1,952 (1,952) - 1,927 (1,927) - Retained profits (b) 58,868 1,952 60,820 7,252 1,927 9,179

Reconciliation of Profit or Loss and Other Comprehensive Income

there are no material differences between the statements of profit or loss and other comprehensive income presented under FRSs and mFRSs.

Reconciliation of Cash Flows

there are no material differences between the statements of cash flows presented under FRSs and mFRSs.

nOteS tO tHe Financial StatementSFOR tHe Financial YeaR enDeD 31 DecemBeR 2012


37. TRANSITION TO THE MFRS FRAMEWORK (CONT’D)

Notes to Reconciliations

(a) Property, plant and equipment – Deemed cost exemption

Under FRSs, the Group and the company measured their freehold land and buildings at valuation.

in December 1993, the freehold land and building which are reported at valuation were revalued by the directors using the open market value basis based on a valuation carried out by an independent firm of professional valuers. the surplus arising from the revaluation, net of deferred taxation, has been credited to the revaluation reserve account. the Group has availed itself to the transitional provision when maSB first adopted iaS 16, Property, Plant and equipment.

Upon transition to mFRSs, the Group elected to use the previous valuation as deemed cost under mFRSs. there was no impact to the carrying value of this asset. However, the revaluation reserve at 1 January 2011 and 31 December 2011 were transferred to retained profits.

(b) exchange translation reserve

Upon transition to mFRSs, the Group elected to reclassify foreign currency translation reserve to retained profits. the cumulative translation differences for all foreign operations are reset to zero at 1 January 2011 under mFRSs.

38. SUPPLEMENTARY INFORMATION - DISCLOSURE OF REALISED AND UNREALISED PROFITS/LOSSES

the breakdown of the retained profits of the Group and the company at the end of the reporting period into realised and unrealised profits/(losses) are presented in accordance with the directive issued by Bursa malaysia Securities Berhad and prepared in accordance with Guidance on Special matter no. 1, Determination of Realised and Unrealised Profits or losses in the context of Disclosure Pursuant to Bursa malaysia Securities Berhad listing Requirements, as issued by the malaysian institute of accountants, as follows:


2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000

total retained profits:- realised 86,485 60,096 6,775 8,058- unrealised 1,733 (1,092) 1,709 1,121

88,218 59,004 8,484 9,179

consolidation adjustments 1,755 2,568 - -

at 31 December 89,973 61,572 8,484 9,179


GROUP PROPeRtieS aS at 31 DecemBeR 2012

No. Address Approximate Areas/ Existing Tenure Approximate NBV as at Date of

Description Use Age of 31/12/2012 Revaluation/

Building (years)

(RM'000) Acquisition

Owned by Company

1 33-35 Jalan Hang lekiu 4,515 sq ft land area with education Freehold 35 6,680 14/12/199350100 Kuala lumpur a 9-storey commercial centre

building

Owned by Subsidiaries

2 211, Jalan Bukit mata Kuching 22,081 sq ft land area with education leasehold 36 9,791 13/06/200193100 Kuching, Sarawak 6-storey building centre expiry date @

13/08/2785

3 South city Plaza 21,986 sq ft built-up area training leasehold 9 7,915 03/07/1998lot 3.09a, 3rd Floor of shoplot space centre expiry date @ Persiaran Serdang Perdana 09/11/2093 43300 Seri Kembangan Selangor

4 South city Plaza 15,482 sq ft built-up area training leasehold 9 5,574 08/01/1999

lot 3.09b, 3rd Floor of shoplot space centre expiry date @ Persiaran Serdang Perdana 09/11/2093 43300 Seri Kembangan Selangor

5 lot 1, Jalan teknologi 2/1 7.09 acres of land Buildings leasehold - 25,363 12/01/2009

taman Sains Selangor 1 under expiry date @ Kota Damansara, PJU 5 construction 25/01/2104 47810 Petaling Jaya, Selangor

6 Unit no. a-PH-08 1,555 sq ft built-up area Residential Freehold 5 504 19/10/2005

Pangsapuri casa Subang of a service apartment Jalan Subang 1, USJ1 47600 Subang Jaya, Selangor

7 Unit no. a-PH-11 1,555 sq ft built-up area Residential Freehold 5 455 19/10/2005



No. Address Approximate Areas/ Existing Tenure Approximate NBV as at Date of

Description Use Age of 31/12/2012 Revaluation/

Building (years)

(RM'000) Acquisition

8 Unit no. B-23a-02 1,062 sq ft built-up area Residential Freehold 5 255 19/10/2005Pangsapuri casa Subang of a service apartment Jalan Subang 1, USJ1 47600 Subang Jaya, Selangor

9 Unit no. B-23a-11 1,062 sq ft built-up area Residential Freehold 5 252 19/10/2005


10 HS (D) 280409, Pt 29532 522,720 sq ft land area Buildings Freehold - 54,729 26/06/2012

mukim Bukit Raja under Daerah Petaling, Selangor construction

GROUPPROPeRtieSaS at 31 DecemBeR 2012


I. Analysis of Shareholdings as at 22 April 2013

authorised Share capital : Rm250,000,000issued and Fully Paid-up Share capital : Rm166,821,042*class of shares : Ordinary shares of Rm0.25 eachvoting rights : every member present in person or by proxy or represented by attorney shall have one vote and upon a poll, every such member shall have one vote for every share held.

*inclusive of 26,042,600

Distribution Schedule of Shareholdings

Size of shareholdings No. of % of No. of % of shareholders shareholders shares held issued capital

1 – 99 54 3.75 1,626 0.00100 – 1,000 140 9.72 96,440 0.021,001 – 10,000 694 48.16 3,718,718 0.5810,001 – 100,000 428 29.70 12,883,460 2.01100,001 – less than 5% of issued shares 121 8.40 232,621,240 36.285% and above of issued shares 4 0.28 391,920,084 61.12

tOtal 1,441 100.00 641,241,568 100.00

Substantial Shareholders as at 22 April 2013

according to the register required to be kept under Section 69l of the companies act, 1965, the following are the substantial shareholders (excluding bare trustees) of the company:-

No. of shares heldName of Shareholders Direct % Indirect %

1. Dato’ Sri clement Hii chii Kok 158,840,480 24.77 268,079,604 41.812. Pinnacle Heritage Solutions Sdn Bhd 268,079,604 41.81 158,840,480 24.773. nicholas Rupert Heylett Bloy ##426,920,084 66.584. Richard elletson Foyston ##426,920,084 66.585. navis capital Partners limited ##426,920,084 66.586. SmartUni 1 ltd ##426,920,084 66.587. navis asia Fund vi G.P., ltd ##426,920,084 66.588. Hal investments (asia) ltd ##426,920,084 66.589. Hal Holding n.v. ##426,920,084 66.5810. Hal trust ##426,920,084 66.5811 Rodney chadwick muse ##426,920,084 66.58

Directors’ Shareholdings

No. of shares heldName of Directors Direct % Indirect %

1. Dato’ Sri clement Hii chii Kok 158,840,480 24.77 268,079,604 41.812. nicholas Rupert Heylett Bloy - - ##426,920,084 66.583. Hew moi lan 6,668,800 1.04 4. lee Kok cheng 5,390,000 0.84 - -5. amos Siew Boon Yeong 2,200,000 0.34 - -6. tan Sri Dato’ Seri megat najmuddin bin Dato’ Seri Dr Haji megat Khas 11,662 - - -7. Dato’ Sri chee Hong leong - - - -8. tan chow Yin - - - -9. Goh leng chua - - - -

## Deemed interest by virtue of shares held by Pinnacle Heritage Solutions Sdn Bhd in which the Director is deemed to have an interest

analYSiS OF SHaReHOlDinGS& WaRRantHOlDinGS



Thirty Largest Shareholders

Name of shareholders No. of shares %

1. Pinnacle Heritage Solutions Sdn Bhd 268,079,604 41.812. Hii chii Kok 53,674,204 8.373. RHB capital nominees (tempatan) Sdn Bhd Pledged Securities account for Hii chii Kok 36,381,640 5.674. Hii chii Kok 33,784,636 5.275. amsec nominees (tempatan) Sdn Bhd ambank (m) Berhad (Hedging) 29,600,000 4.626. narcussus investments limited 15,340,300 2.397. Kenanga nominees (tempatan) Sdn Bhd Pledged Securities account for Hii chii Kok 15,000,000 2.348. JF apex nominees (tempatan) Sdn Bhd Pledged Securities account for Generasi Panduan Sdn Bhd (margin) 9,790,600 1.539. m&a nominee (tempatan) Sdn Bhd Pledged Securities account for Sinar Pavilion Sdn Bhd (m&a) 8,771,400 1.3710. tasmuning Development Sdn Bhd 8,305,300 1.3011. maybank nominees (tempatan) Sdn Bhd Pledged Securities account for Hii Siew Hee 8,078,600 1.2612. Hii chii Kok 8,000,000 1.2513. amsec nominees (tempatan) Sdn Bhd Pledged Securities account for Hii chii Kok 7,000,000 1.0914. mW Publications Sdn Bhd 7,000,000 1.0915. allianceGroup nominees (tempatan) Sdn Bhd Pledged Securities account for Hew moi lan 6,204,000 0.9716. Kenanga nominees (tempatan) Sdn Bhd Pledged Securities account for Yung Sze Kiong 5,504,300 0.8617. Rexter capital Sdn Bhd 5,492,736 0.8618. allianceGroup nominees (tempatan) Sdn Bhd Pledged Securities account for lee Kok cheng 5,390,000 0.8419. cimsec nominees (tempatan) Sdn Bhd cimB Bank for Hii chii Kok 5,000,000 0.7820. Sinar Pavilion Sdn Bhd 4,836,000 0.7521. cimsec nominees (tempatan) Sdn Bhd cimB Bank for tang lee Hieh 4,730,200 0.7422. amsec nominees (tempatan) Sdn Bhd Pledged Securities account for lim Xin ee 3,162,900 0.4923. ecml nominees (tempatan) Sdn Bhd Perdana technology venture Sdn Bhd 3,128,160 0.4924. amsec nominees (tempatan) Sdn Bhd Pledged Securities account- amBank (m) Berhad for Rexter capital Sdn Bhd (SmaRt) 3,090,600 0.4825. HSBc nominees (asing) Sdn Bhd tntc for the caravel Fund (international) ltd 3,040,000 0.4726. SBB nominees (tempatan) Sdn Bhd Yayasan mohd noah (a/c 2) 3,024,000 0.4727. Kenanga nominees (tempatan) Sdn Bhd Pledged Securities account for Generasi Panduan Sdn Bhd 2,943,700 0.4628. citiGroup nominees (tempatan) Sdn Bhd 2,872,500 0.45 employees Provident Fund Board (cimB Prin) 29. citiGroup nominees (tempatan) Sdn Bhd KumpulanWang Persaraan (Diperbadankan) (cimB equities) 2,711,900 0.4230. too ching Hock 2,417,700 0.38



II. Analysis of Warrantholdings as at 22 April 2013

Warrants 2010/2015 : 81,094,974 outstanding

Distribution Schedule of Warrantholdings

Size of warrantholdings No. of % of No. of % of warrantholders warrantholders warrants held outstanding warrants

1 – 99 59 21.61 252 0.00100 – 1,000 13 4.76 5,988 0.011,001 – 10,000 140 51.28 738,254 0.9110,001 – 100,000 47 17.22 1,162,080 1.43100,001 – less than 5% of issued shares 11 4.03 8,601,000 10.615% and above of issued shares 3 1.10 70,587,400 87.04

tOtal 273 100.00 81,094,974 100.00

Directors’ Warrantholdings

No. of Warrants heldName of Directors Direct % Indirect %

1. Dato’ Sri clement Hii chii Kok 58,183,600 71.75 - -2. nicholas Rupert Heylett Bloy - - ##58,183,600 71.753. tan Sri Dato’ Seri megat najmuddin bin Dato’ Seri Dr Haji megat Khas - - - -4. lee Kok cheng - - - -5. Hew moi lan - -6. Dato’ Sri chee Hong leong - - - -7. tan chow Yin - - - -8. amos Siew Boon Yeong - - - -9. Goh leng chua - - - -

## Deemed interest by virtue of shares held by Pinnacle Heritage Solutions Sdn Bhd in which the Director is deemed to have an interest


Thirty Largest Warrantholders

Name of shareholders No. of shares %

1. Hii chii Kok 38,183,600 47.092. Hii chii Kok 20,000,000 24.663. narcussus investments limited 12,403,800 15.304. Generasi Panduan Sdn Bhd 1,783,700 2.205. SBB nominees (tempatan) Sdn Bhd Yayasan mohd noah (a/c2) 1,512,000 1.866. Sinar Pavilion Sdn Bhd 1,275,400 1.577. DSD capital Sdn Bhd 1,120,000 1.388. malacca equity nominees (tempatan) Sdn Bhd Pledged Securities account for Bruce lim aun choong 838,000 1.039. ling Sie Hieng 834,900 1.0310. Kee Ju-Hun 571,480 0.7011. cimsec nominees (tempatan) Sdn Bhd cimB for Koay Hooi Gan (PB) 214,900 0.2612. maybank Securities nominees (tempatan) Sdn Bhd Pledged Securities account for lim Seng chai 212,300 0.2613. teoh Seng Kian 126,320 0.1614. Kenanga nominees (tempatan) Sdn Bhd Pledged Securities account for law eng lee 112,000 0.1415. Fong Pooi Yoke 98,500 0.1216. luo Wei Qian 88,800 0.1117. Yoong Kin Pin 61,200 0.0818. Yong chiong lung 53,000 0.0719. Kenanga nominees (tempatan) Sdn Bhd Pledged Securities account for Stella lau Kah Wai 42,000 0.0520. Goh Hsu-ming 40,000 0.0521. lim cheng eam 40,000 0.0522. Soo ah Wah @ Soo ah Wan 40,000 0.0523. chong Poh Yee 30,800 0.0424. RHB nominees (tempatan) Sdn Bhd RHB investment management Sdn Bhd for teoh Seng Kian (ePF) 30,800 0.0425. citiGroup nominees (tempatan) Sdn Bhd Pledged Securities account for Woon Wee meng (470803) 28,800 0.0426. Soo ling ling 28,000 0.0327. christina Bong Poh Sze 26,900 0.0328. Ooi leng en 26,000 0.0329. cimsec nominees (asing) Sdn Bhd exempt an for cimB Securities (Singapore) Pte ltd (Retail clients) 25,120 0.0330. Kong Siang Wen 25,000 0.03


i/We

of

being a member/members of SeG international Bhd hereby appoint

of

or failing him/her

of

or failing him/her, the chairman of the meeting as my/our proxy to vote for me/us on my/our behalf at the twenty-Seventh annual General meeting

of the company to be held at level 2, Right Wing, SeGi University, no. 9, Jalan teknologi, taman Sains Selangor, Kota Damansara, PJU 5, 47810

Petaling Jaya, Selangor Darul ehsan on Wednesday, 12 June 2013 at 10.30 a.m. and at any adjournment thereof.

my/Our proxy is to vote either on a show of hands or on a poll as indicated below with an “X”:

No. ORDINARY RESOLUTIONS FOR AGAINST

1. approval of the payment of Directors’ fees.

2. Re-election of Hew moi lan in accordance with article 86 of the company’s articles of association.

3. Re-election of Dato’ Sri chee Hong leong in accordance with article 86 of the company’s articles of association.

4. Re-election of Goh leng chua in accordance with article 86 of the company’s articles of association.

5. appointment of messrs ernst & Young as auditors and to authorise the Directors to fix their remuneration.

6. authority pursuant to Section 132D of the companies act, 1965 for Directors to issue shares.

7. Proposed Renewal of Share Buy-Back.

8. Retention of amos Siew Boon Yeong as independent non-executive Director in accordance with malaysian code on corporate Governance 2012.

Dated this __________ day of __________________________ 2013

____________________________ ____________________________number of shares held Signature of member(s)

notes:1. if you wish to appoint other person(s) to be your proxy, delete the words “the chairman of the meeting” and insert the name(s) and address(es) of the person(s)

desired in the space so provided.2. if there is no indication as to how you wish your vote(s) to be cast, the proxy will vote or abstain from voting at his/her discretion. 3. a proxy may but need not be a member of the company and the provision of Section 149(1)(b) of the companies act, 1965 shall not apply to the company.4. a member shall not be entitled to appoint more than two proxies to attend and vote at the same meeting. Where two proxies are appointed, the proportions of

shareholdings to be represented by each proxy must be specified in order for the appointments to be valid. 5. Where a member of the company is an authorised nominee as defined under the Securities industry (central Depositories) act, 1991, it may appoint at least one

proxy in respect of each securities account it holds with ordinary shares of the company standing to the credit of the said securities account.6. if the appointor is a corporation, this form must be executed under its common Seal or under the hand of its attorney.7. all Forms of Proxy must be duly executed and deposited at the Registered Office of the company at 6th Floor, SeGi University, no. 9, Jalan teknologi, taman Sains

Selangor, Kota Damansara, PJU 5, 47810 Petaling Jaya, Selangor Darul ehsan not less than 48 hours before the time for holding the meeting or adjourned meeting.

FORM OF PROXY

SEG International Bhd6th Floor, SeGi University, no. 9, Jalan teknologitaman Sains Selangor, Kota Damansara, PJU 547810 Petaling Jaya, Selangor Darul ehsan

1st Fold Here

2nd Fold Here

Stamp

SEGi GROUP OF INSTITUTIONS

SEGi Universityno. 9, Jalan teknologi taman Sains Selangor Kota Damansara, PJU 547810 Petaling JayaSelangor Darul ehsantoll free : 1800-88-7344tel : +603 6145 2777Fax : +603 6145 [email protected]

SEGi College Kuala Lumpur33 – 35, Jalan Hang lekiu 50100 Kuala lumpur tel : +603 2070 2078Fax : +603 2034 [email protected]

SEGi College Subang JayaPersiaran Kewajipan, USJ 147600 UeP Subang Jaya Selangor Darul ehsantel : +603 8600 1888Fax : +603 8600 [email protected]

SEGi College PenangWisma Green Hall 43 Green Hall 10200 Penangtel : +604 263 3888/262 8127Fax : +604 262 [email protected]

SEGi College Sarawak211, Jalan Bukit mata Kuching 93100 Kuching, Sarawaktel : +6082 252 566Fax : +6082 231 [email protected]

SEGi College Seri Kembangan Kampus SeGi Seri Kembangan edu-mall @ South city Persiaran Serdang Perdana 43300 Seri Kembangan Selangor Darul ehsantel : +603 8948 4811Fax : +603 8945 [email protected]

SeGi eDUcatiOn netWORK

SEGi GROUP OF TRAINING CENTRES

SMI Training Centre Seri Kembangan Kampus SeGi Seri Kembangan edu-mall @ South city Persiaran Serdang Perdana 43300 Seri Kembangan Selangor Darul ehsantel : +603 8948 4811Fax : +603 8945 4066

SMI Training Centre Pulau Indah 22, Blok D, Jalan Sungai chandong 19 Bandar armanda Putra, Pulau indah 42009 Perlabuhan Klang Selangor Darul ehsantel : +603-3101 3970Fax : +603-3101 2358

SMI Training Centre Kuala Lumpur F1.32a, 1st Floor, South city Persiaran Serdang Perdana 43300 Seri Kembangan Selangor Darul ehsantel : +603 8942 7600Fax : +603 8942 7500

SMI Training Centre Sarawak211, Jalan Bukit mata Kuching 93100 Kuching, Sarawaktel : +6082 252 566Fax : +6082 231 355

SMI Training Centre PenangWisma Green Hall 43 Green Hall 10200 Penangtel : +604 263 3888/262 8127Fax : +604 262 2193

SEGi BUSINESS UNITS

IFPA Resources Sdn Bhd2nd Floor, SeGi college Persiaran Kewajipan, USJ 147600 UeP Subang Jaya Selangor Darul ehsantel : +603 8605 3886Fax : +603 8605 [email protected]

I-Station Solutions Sdn Bhdno. c-23-3a, Jalan multimedia 7/aH cityPark, i-city 40000 Shah alam Selangor Darul ehsantel/ Fax : +603 5521 [email protected]

Bumi Intuisi Sdn Bhdno. c-23-3B, Jalan multimedia 7/aH cityPark, i-city 40000 Shah alam Selangor Darul ehsantel : +603 5521 8528Fax : +603 5521 [email protected]

Platinum Icon Sdn Bhdno. F-12-3a, Jalan multimedia 7/aG city Park, i-city40000 Shah alam Selangor Darul ehsantel : +603 5521 8561Fax : +603 5521 [email protected]

Milenium Optima Sdn Bhdno. F-12-3B, Jalan multimedia 7/aG city Park, i-city 40000 Shah alam Selangor Darul ehsan tel : +603 5521 8562Fax : +603 5521 [email protected]

Summit Early Childhood Edu-Care Sdn Bhd5th Floor, SeGi college Persiaran Kewajipan, USJ 147600 UeP Subang Jaya Selangor Darul ehsantel : +603 8600 1777Fax : +603 8605 [email protected]

Agensi Pekerjaan Job Venture Sdn Bhd5th Floor, SeGi Universityno. 9, Jalan teknologitaman Sains Selangor Kota Damansara, PJU 5 47810 Petaling Jaya Selangor Darul ehsantel : +603 6145 2777Fax : +603 6145 [email protected]

Worldwide Accreditation Ltdles cascades Building edith cavell Street, Port louis mauritius

no. 9, Jalan teknologi, taman Sains Selangor, Kota Damansara, PJU 5, 47810 Petaling Jaya, Selangor

toll : 1800-88-7344 tel : +603 6145 1777 Fax : +603 6145 2679

www.segi.edu.my

Documents

SEGi Annual Report 2012 AT oUR HEART sEGi PRoGRAMMEs study of mental processes and behavior. Psychology seeks to explain thought, emotion and behaviour in the context of real life