AR 2024 COMBAIN PAGES (300626) +financial report

ANNUAL REPORT 2024 YAYASAN SABAH GROUP

ISSN 2289-294X

Published by Yayasan Sabah Group

P.O. Box 11623

88817 Kota Kinabalu Sabah, Malaysia

Website:http://www.yayasansabahgroup.org.my

Copyright© 2025 Yayasan Sabah Group

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission of the copyright owner.

Design & Layout:

• Corporate Communications Division Yayasan Sabah Group

ANNUAL REPORT 2024

YAYASAN SABAH GROUP

About this report

This integrated annual report provides a fundamental overview of our operations throughout 2024. In addition, this report intends to give our stakeholders information about our activities and financial performance. The audited Yayasan Sabah Consolidated Account for 2024 will be enclosed with the report by the end of 2025.

Chief Minister of Sabah/ Chairman of Yayasan Sabah Board of Trustees

Director of Yayasan Sabah

Executive Chairman of

Sabah Executive

10

ADVANCING HUMAN CAPITAL & SUSTAINABILITY

Sabah Maju Jaya

Development Plan 1.0 : 2021-2025

12

COMMERCIAL UNDERTAKINGS

Innoprise Corporation Sdn. Bhd.

11

SOCIAL PROGRAMMES

Education Empowers;

Education - The Best Investment for Human Capital

Child Development

Education Sponsorship

Education Loan Collection

Kolej Teknologi Yayasan Sabah

University College Sabah Foundation

Tun Haji Mohd. Fuad Stephens Borneo

Research Library

Enhancing Rural Community Capacities

Social Development Programmes

Pusat Kraftangan Sabah

14

13

TODAY’S HERITAGE TOMORROW’S HOPE

Yayasan Sabah Conservation Area

Danum Valley Conservation Area

Maliau Basin Conservation Area

Imbak Canyon Conservation Area

Taliwas River Conservation Area

Silam Coast Conservation Area

INFAPRO

INIKEA

Sabah Nature Club

16

MOVING FORWARD

Shaping A Brighter Future

Messages

Message

Chief Minister of Sabah/ Chairman of Yayasan Sabah Board of Trustees

Assalamualaikum Warahmatullahi Wabarakatuh, Salam Malaysia Madani, and Salam Sabah Maju Jaya.

The Yayasan Sabah Group has been a driving force in transforming the lives of the people of Sabah for close to six decades, leaving an indelible mark in shaping Sabah's economy, society, and education and paving the way for a brighter future.

As we look back on this incredible journey and the achievements we have made, we will steadfastly move forward to do better. We will continue to push boundaries with focus, ensuring our vision and mission align with Sabah's development roadmap, the Hala Tuju Sabah Maju Jaya We will strive with a firm resolve to take the Group into the next decade and beyond, creating lasting change for our future generations.

To the Board of Trustees, Management and staff of the Group, thank you for your passion, resilience, commitment and dedication to ensure the Group's success. I offer you my best wishes for continued growth and success.

DATUK SERI PANGLIMA HAJI HAJIJI BIN HAJI NOOR

Message Director of Yayasan Sabah

Assalamualaikum Warahmatullahi Wabarakatuh, Salam Sejahtera and Salam Sabah Maju Jaya.

Welcome to the Yayasan Sabah Group Annual Report 2024. This report is more than just a reflection of our achievements. It is a testament to our relentless dedication to shaping a brighter, more prosperous future for the people of Sabah.

Under the leadership of the Yayasan Sabah Board of Trustees, led by the esteemed Yang Amat Berhormat Datuk Seri Panglima Haji Hajiji bin Haji Noor, we have achieved significant milestones in operational excellence and financial growth. A key achievement is receiving the National Audit Department's Certificate for Unmodified Opinion (Consolidated Financial Statements) for three consecutive years (2021-2023), reflecting our commitment to sound financial management and accounting practices.

Guided by our core principle, "Developing People Towards Progress," we remain steadfast in enriching lives for a sustainable future and drive our education, community development, and social empowerment efforts. Through scholarships, loans, and community initiatives, we continue to elevate the quality of life for all, empowering the next generation to lead and innovate.

As we move forward, we remain dedicated to sustainable solutions, upholding our accountability to the people of Sabah. Our passion and vision have defined our journey for nearly six decades, and we remain committed to making a lasting impact.

To the Board of Trustees, Board of Directors, Management, and every member of our invaluable team, you are the driving force behind this success. Your tireless dedication and alignment with our core values ensure that we continue to make a lasting impact. I also express our deepest gratitude to everyone involved in making this report possible.

We present to you the Yayasan Sabah Group Annual Report 2024.

Message

Executive Chairman of Innoprise Corporation Sdn. Bhd.

Assalamualaikum Warahmatullahi Wabarakatuh, Salam Sejahtera, and Salam Sabah Maju Jaya.

Aligned with the strategic vision of Hala Tuju Sabah Maju Jaya, our collective efforts, led by the visionary Director of Yayasan Sabah, Yang Berhormat Dato' Sri Haji Gulamhaidar bin Khan Bahadar, and supported by our dedicated Management Team, have positioned us for unparalleled growth and commercial success.

This unwavering commitment has driven Innoprise Corporation Sdn. Bhd. (ICSB), the investment arm of the Group, into a new era of commercial excellence and resilience. With a sharp focus on expanding our business horizons and enhancing existing ventures, we are not just pursuing financial growth; we are committed to building a sustainable and profitable future that directly benefits the people of Sabah.

ICSB will continue to expand its commercial activities aggressively, optimise existing businesses, and maximise revenue generation. Our goal is clear: to ensure that every step we take leads to stronger financial returns, which, in turn, will fuel our development initiatives and positively impact Sabah's economy.

The success of ICSB is a direct result of our strategic investments and robust business efforts. The financial dividends we generate are a powerful proof of our commitment to commercial growth and, more importantly, as a vehicle to deliver tangible benefits to the people of Sabah.

We remain focused on holistic progress and long-term prosperity by strategically aligning our resources and reinvesting profits into scalable initiatives. This collaborative effort ensures that our achievements are not just individual milestones but collective triumphs that enhance the lives of our communities.

To our stakeholders, partners, Management Team, and staff, your unwavering support continues to be the cornerstone of our success. Your dedication strengthens our resolve as we chart an ambitious course toward even greater achievements.

In conclusion, I extend my heartfelt appreciation for your continued trust and commitment. Together, we will achieve new heights of success, creating a future of prosperity for Sabah and its people.

Thank you.

DATUK JASNIH BIN DAYA

Profile

Profile

YB DATO' SRI HAJI GULAMHAIDAR @ YUSOF BIN KHAN BAHADAR, JP

Director of Yayasan Sabah

Political Career and Public Service

YB Dato’ Sri Haji Gulamhaidar’s dedication to public service saw him contest the Sabah State Election for the Kawang (N28) constituency in 2004. Since then, he has been a steadfast Sabah State Legislative Assembly member, passionately representing the Kawang constituency for over two decades.

Since taking the reins of Yayasan Sabah on 2 November 2020, YB Dato’ Sri Haji Gulamhaidar

@ Yusof bin Khan Bahadar has made significant strides in fulfilling its commitments, focusing on educational initiatives and community development. His strategic vision and dedication have been pivotal in driving the Group’s mission forward.

Leadership and Board Memberships

His leadership extends beyond his political career.

Dato’ Sri Haji Gulamhaidar has chaired the Board of Directors of Innovation Papua New Guinea Ltd., a subsidiary of Innoprise Corporation Sdn. Bhd. (ICSB), until 2008. His commitment to public service saw him return to government roles, serving as Sabah Local Government and Housing Assistant Minister and Sabah Infrastructure Development Assistant Minister.

Dato’ Sri Haji Gulamhaidar holds significant positions on the boards of several key subsidiaries of ICSB. These include Sabah Softwoods Berhad, Innoprise Plantations Berhad, Regional Harvest Sdn. Bhd., Sabah Softwoods Hybrid Fertiliser Sdn. Bhd., and Serijaya Industri Sdn. Bhd. His extensive involvement underscores his pivotal role in these organisations and highlights his dedication to the business community.

Educational Background

In addition to his impressive career, YB Dato’ Sri Haji Gulamhaidar is academically accomplished, holding a Professional Master's Analyst in Political Science from Open University Malaysia (OUM). His distinguished academic background also includes a Bachelor's degree in Human Resource Management from the University of Florida, USA, and MBA in Human Resource Management from Berkeley International University of California. His academic qualifications complement his extensive professional experience, marking him as a leader with both practical and theoretical expertise.

Since assuming the role of Executive Chairman at Innoprise Corporation Sdn. Bhd. (ICSB) on 26 January 2023, YB Datuk Jasnih bin Daya brought the company a wealth of experience and strategic insight. His career trajectory is a testament to his leadership and versatility across corporate and public sectors.

Profile

YB DATUK JASNIH BIN DAYA Executive Chairman of ICSB

Early Career and Rise at BERNAS

YB Datuk Jasnih's professional journey began at PadiBeras Nasional Berhad (BERNAS), where he quickly made a mark. After graduating, he joined the Young Managers Programme and embarked on an extensive career in the international trade industry. His expertise in import and export operations was honed through his dealings with key Asian markets, including Vietnam, Myanmar, India, and Pakistan.

Recognising his adaptability and skill, BERNAS transitioned him to the domestic trade sector, specifically focusing on the East Malaysia (Sabah & Sarawak) Rice Business Sector. His exemplary performance promoted him to Manager and Head of the Shipping and Claims Unit (Import & Trading) at BERNAS Kuala Lumpur. In 2004, he further solidified his reputation by coordinating the BERNAS Special International Project, notably the Myanmar Special Project Procurement Executive Project.

Corporate Leadership and Public Sector Contributions

A seamless corporate acumen and public service blend YB Datuk Jasnih's career. After excelling in various roles within BERNAS, including General Manager of BERNAS Sabah, he transitioned to the public sector. In 2015, he was appointed as a Board of Director for the Housing and Urban Development Board (LPBB), a government-linked agency, before returning to the corporate world in 2017 as the Non-Executive Chairman of Sazarice Sdn. Bhd.

Political Career and Recent Leadership at ICSB

Datuk Jasnih contested and won the Sabah State Election for the Pantai Dalit (N13) constituency. His victory led to his appointment as Assistant Minister of Finance, a role he held until early 2023. His leadership at ICSB began soon after, marking another significant milestone in his distinguished career.

Board Memberships and Ongoing Contributions

Datuk Jasnih's influence extends across multiple organisations. He serves as a Board Member for Innoprise Plantations Berhad and Serijaya Industri Sdn. Bhd., all subsidiaries of ICSB. These roles highlight his extensive experience and unwavering commitment to the business community.

Educational Background

YB Datuk Jasnih holds a Bachelor's in Science Economics from Indiana State University, Terre Haute, Indiana, USA. His academic foundation and diverse professional experience underscores his capability and vision as a leader.

Group Our At A Glance

OUR GROUP AT A GLANCE

A Dynamic, People Oriented, Committed and Caring Organisation. VISION

MISSION

To uplift the quality of life of Malaysians in Sabah.

• To give deeper and broader emphasis on the advancement of education;

OBJECTIVES ROLE

• The relief of poverty; and

• The undertaking of charitable activities

Supplementing and complementing the state and federal government in the development of Sabah in particular and Malaysia in general.

FUNCTION

A strategic development vehicle of Sabah State Goverment.

CORE VALUES

• Honest

• Dynamic

• Result

• Committed

• Firm

• Oriented

• Caring

• Resilient

Governed How We Are

How We Are Governed Corporate Structure

(as of 31 December 2024)

YAB DATUK SERI PANGLIMA

HAJI HAJIJI BIN HAJI NOOR

Chief Minister of Sabah Chairman

YB DATUK SERI PANGLIMA

Dr. JEFFREY G. DATUK KITINGAN, JP

Deputy Chief Minister I/Minister of Agriculture, Fisheries and Food Industry Sabah Director Sabah Education Department Member

YBHG. DATUK HAJI RAISIN BIN SAIDIN Member

How We Are Governed - Yayasan Sabah Board of Trustees

(as of 31 December 2024)

YB DATUK SERI PANGLIMA Sr. HAJI SAFAR BIN UNTONG, JP

YBHG. DATUK SERI

PANGLIMA HAJAH

AZIZAH BINTI

HAJI MOHD. DUN Member

YBHG. DATUK MOHD. HANAFIAH BIN MOHD. KASSIM

Permanent Secretary Ministry of Science, Technology and Innovation Sabah Member

State Secretary of Sabah Member Secretary The Board of Trustees of Yayasan Sabah cum Corporate Secretary

YBHG. DATUK Dr. HAJAH

JAINAB BINTI DATUK

SERI PANGLIMA

HAJI AHMAD AYID Member

YBHG. DATUK FREDERICK KUGAN

Chief Conservator of Forests Sabah

Member

YBHG. DATUK Dr. OSMAN @ OTHMAN BIN MINUDIN

Member

How We Are Governed

ICSB Board of Directors (as of 31 December 2024)

Executive Chairman

YB DATO’ SRI HAJI GULAMHAIDAR @ YUSOF BIN KHAN BAHADAR, JP Member Member Member Member

Senior Company Secretary

How We Are Governed -

YB Dato’ Sri Haji Gulamhaidar @ Yusof bin Khan Bahadar, JP Director Yayasan Sabah (YS)

Management Team

(as of 31 December 2024)

YB Datuk Jasnih bin Daya Executive Chairman Innoprise Corporation Sdn. Bhd. (ICSB)

Corporate Secretary Yayasan Sabah Chief Operating Officer Innoprise Corporation Sdn. Bhd.

Encik Joshua Ho Yee En, JP

Group Manager Accounts & Financial Services Division (YS/ICSB)

Encik Mohd. Sharuddin bin Mohd. Wali

Group Manager Education Loan Collection Division

Puan Bahiwata Sayangan Haji Mulia Group Manager Education Development Division

Puan Halijah binti Haji Laini

Group Manager Human Resource & Administration Division (YS/ICSB)

Encik Sam S. Karnail

Group Manager Corporate Communications Division

Dr. Yap Sau Wai Group Manager Research Division

Encik Zulkhairi Haji Ismail Chief Coordinator of Zone Administration

Dr. Waidi Sinun

Group Manager Conservation and Environmental Management Division

Encik Zainudin bin Saridi

Chief Librarian Tun Haji Mohd. Fuad Stephens Borneo Research Library

Dr. Li Fui Yee @ Esther Group Manager Forestry Division

Hajah Ainahwati

Group Manager Internal Audit Division (YS/ICSB)

Puan Rosmini Simin

Group Manager Child Development Division

Puan Jocelyn Chong Fung Ken

Senior Company Secretary

Group Manager Energy & Facilities Division

Puan Vivian Evans

Group Manager Pusat Kraftangan Sabah

Puan Ramsina Hansaram

Group Manager Information & Communication Technology Division

Tuan Haji Budirman bin Daud

Tuan Ir. Haji Rohan bin Haji Ahmat Encik Midin Haji Asli

Group Manager Corporate Business Development Division

Encik Awangku Nazaruddin bin Datuk Pg. Hussien

Group Manager Real Estate Division

Group Manager Integrity & Enrichment Division

Puan Anica Jamui Legal Manager Legal Division (YS/ICSB)

2024 Snapshots

SNAPSHOTS 2024

13 January

Exhibition in conjunction with the Mobile Community Services Programme organised by the Sabah Federal Treasury at SK

18 January

19 January 14 January

Exhibition in conjunction with the Mobile Community Services Programme organised by the Sabah Federal Treasury at Kg. Tibabar, Ranau.

from SJK

18 January 22 January

Dividend Presentation by Kimanis Power Sdn. Bhd. to NRG Consortium (Sabah) Sdn. Bhd. at the Menara Kinabalu.

Yue

Visit from Selangor State Government EXCO Wives to the Pusat Kraftangan Sabah, Keningau.

23 January

Signing Ceremony of The Agreement and Seminar on The Bio-Prospect Project & Development of Wild Fungi, Wild Ginger and Medicinal & Aromatic Plants (TUB) at the Sabah International Convention Centre.

24 January

Visit from Selangor Malay Customs and Heritage Corporation (PADAT) at the Pusat Kraftangan Sabah, Keningau.

25 January

Exhibition in conjunction with the Malaysia Sustainable Development Goals (SDG) Summit at the Sabah International Convention Centre.

28 January

Exhibition in conjunction with the Mobile Community Services Programme organised by the Sabah Federal Treasury at Sri Gum-Gum Hall, Sandakan.

24 January 30 January

U-Library Workshop at the Tun Haji Mohd. Fuad Stephens Borneo Research Library, Menara Tun Mustapha.

Yayasan Sabah Group Contributes to Fire Victims at Kg. Pirasan, Kota Belud.

31 January

The Sabah State Education Fund (TPNS) Presentation Ceremony at the Ministry of Science, Technology & Innovation Sabah, Wisma Bandaraya, Kota Kinabalu.

5 February

Dividend Presentation by Innoprise Capital Sdn. Bhd. to Innoprise Corporation Sdn. Bhd. at the Wisma Innoprise.

5 February 1 February

Visit from SK Sumbiling, Bongawan, Papar at the

3 February 7 February

The 40th Yayasan Sabah Group Preschool Certificate Presentation Ceremony and Concert at the Tun Ahmad Raffae Auditorium, Menara Tun Mustapha.

Yayasan Sabah Group Awards Night at the Sabah International Convention Centre.

8 February

Signing Ceremony of the Agreement between University College Sabah Foundation and Universiti Teknologi PETRONAS at the Menara Kinabalu.

8 February

Majlis Bersama Jabatan (MBJ) Meeting at the Menara Tun Mustapha.

17 February

Exhibition in conjunction with the Mobile Community Services Programme organised by the Sabah Federal Treasury at Kg. Alutok, Tenom.

19 February

Presentation of Certificate of Appreciation by Director of Yayasan Sabah to Usahawan Borneo Greenwood Sdn. Bhd. at the Wisma Innoprise.

16 February 21 February

Program Santai Sunset organised by Kelab Rekreasi Kumpulan Yayasan Sabah at the Menara Tun Mustapha.

Visit by the Director of Yayasan Sabah to the Child Development Division.

22 February

Shooting Training Session, Permit and Weapon License Renewal for 2024-2025 at the Royal Malaysian Police (PDRM) Shooting Range, Lok Kawi.

23 February

Breast Cancer and Breast Filler Awareness Talk at the Menara Tun Mustapha.

25 February

Men’s Open Futsal Championship Series 1 organised by Innoprise Capital Sdn. Bhd. at the Tun Adnan Sports Complex.

26 February

The Sabah State Education Fund (TPNS) Presentation Ceremony at the Ministry of Science, Technology & Innovation Sabah, Wisma Bandaraya, Kota Kinabalu.

1 March

MoA and MoU Signing Ceremony between D’Heritage Sdn. Bhd., Hotels and Institute of Higher Learning in Sabah at the Sabah International Convention Centre.

5 March

Visit by the Executive Chairman of Innoprise Corporation Sdn. Bhd. to Norsechem (Sabah) Sdn. Bhd., Sandakan.

MoU Signing Ceremony between Kolej Teknologi Yayasan Sabah, Sabah State Water Department and PBA Resources Sdn. Bhd. at the Shangri-La Tanjung Aru, Kota Kinabalu.

March

Breaking of Fast at Kg. Mentulud Mosque, Beaufort.

Briefing on Exporting Sabah-Made Products to China under the Global Entrepreneur One Stop Centre (GLOPEC) Programme at the Menara Tun Mustapha. 12 March

March

Breaking of Fast at Diman Kusin Mosque, Kg. Indarason Laut, Matunggong.

22 March

of Fast

22 March

Breaking of Fast at Kg. Luanti Baru, Ranau.

22 March

of Fast at Nur Ihsan Mosque, Kg. Binuang,

23 March

of Fast

24 March

Nur

Breaking of Fast at Baitul Rahman Mosque Sungai Damit N.14 Tamparuli.

25 March

Breaking of Fast at Surau Kg. Purun, Kuala Penyu.

March

Breaking of Fast-Chief Minister of Sabah with Sabah Students Studying at the Institutions of Higher Learning in Peninsular Malaysia at the Setia SPICE Convention Centre, Pulau Pinang.

26 March

Breaking of Fast-Minister of Science, Technology and Innovation of Sabah with Sabah Students Studying at the Institutions of Higher Learning in Peninsular Malaysia at the Amansari Residence Resort, Johor.

Program Kasih Ramadan organised by the Tun Haji Mohd. Fuad Stephens Borneo Research Library at the Rumah Anak Kesayangan Sabah, Sembulan. 25 March

March

Breaking of Fast at Surau Kg. Sungai Bubus, Sipitang.

Breaking of Fast at Babulrahman Mosque Kg. Sinulihan, Sook, Keningau. 26 March

28 March

Ramadan Talk & Distribution of Bubur Lambuk organised by Badan Amal Kebajikan Islam Yayasan Sabah at the Tun Hamdan Theatre & Podium, Menara Tun Mustapha.

1 April

of Fast at Al Jannah Mosque, Kg. Batangan

2 April

Breaking of Fast at Tun Hamdan Mosque, Kg. Selupoh, Tuaran.

4 April

Handing Over of Hari Raya Goodies to Security Forces and Medical Frontliners by Chief Minister of Sabah at the Menara Kinabalu.

4 April

Breaking of Fast at Kampung Kuala Mosque, Papar.

4 April

Briefing for Parents organised by the Child Development Division at the Menara Tun Mustapha.

4 April

Taste of the World Ramadan Dinner Buffet of Sabah International Convention Centre is recognised and recorded as the Maximum Dishes of International Cuisines by the Asia Book of Records .

23 April

Program Jom Baca Bersama organised by the Tun Haji Mohd. Fuad Stephens Borneo Research Library at the Home Tuaran Rumah Anak Yatim & Maahad Tahfiz, Tuaran.

25 April

Aidilfitiri Open House organised by the Child Development Division at the Tadika Ria Building.

2 May

The Seminar of INIKEA Resources and Wildlife Survey at the Shangri-La Tanjung Aru, Kota Kinabalu.

2 May

Aidilfitri Open House organised by the Education Development Division in collaboration with Badan Kebajikan Islam Kumpulan Yayasan Sabah & Kelab Rekreasi Kumpulan Yayasan Sabah at the Auditorium Tun Ahmad Raffae, Menara Tun Mustapha.

6 May

Senior Management Quarterly Meeting at the Wisma Innoprise.

7 May

Yayasan Sabah Group In-House Golf Tournament at the NEXUS Karambunai Resort & Spa.

7-9 May

Senior Management and Subsidiaries of Innoprise Corporation Sdn. Bhd. Retreat at the Nexus Resort & Spa Karambunai.

10 May

Meeting at the Menara Tun

10 May

Interior South Zone’s Hari Raya Celebration at the Bangunan Beaufort Jaya, Beaufort.

12 May

Exhibition in conjunction with the Mobile Community Services Programme organised by the Sabah Federal Treasury at SK Magandai, Kota Marudu.

13-26 May

Maliau Basin Conservation Area Wildlife and Resource Survey.

14 May

Courtesy Visit by Yayasan Sarawak at the Sabah International Convention Centre.

16 May 21 May

Performance Index (KPI)

16 May

The Sabah State Education Fund (TPNS) Presentation Ceremony at the Ministry of Science, Technology & Innovation Sabah, Wisma Bandaraya, Kota

21 May

Online Public Access Catalogue (OPAC) & u-Pustaka Library Workshop at SMK Pekan II, Kota Belud.

20 May

Course

29 May

Basic Flower Arrangement Course Programme at

5 June

11 June

Student Motivational Talk: “Let’s Study at UCSF, KTYS” and Yayasan Sabah Group Educational Sponsorship Opportunities at SMK Kanibongan, Pitas.

5 June

from

6 June

Basic Technique Course on Noodle Making at Kg.

12 June

20 June

21 June

25 June

Yayasan Sabah Group Special Assistant Scheme Presentation Ceremony at SK Kampung Bambangan, Membakut.

21 June

Opening Meeting for Management Audit of Innoprise Corporation Sdn. Bhd. at the Wisma Innoprise.

22 June

Exhibition in conjunction with the Mobile Community Services Programme organised by the Sabah Federal Treasury at Kg. Pahu, Tambunan.

29 June

Basic Flower Arrangement Course at Kg. Tombol, Kota Belud.

29 June

The 39th Sports Day organised by the Child Development Division and the Parent-Teacher Association at the Tun Adnan Sports Complex.

2 July

Launching Ceremony of Sabah Education Sponsorship Portal at the Menara Kinabalu.

4 July

Yayasan Sabah Group Contributes to Staff Affected by Flood at the Tun Ahmad Raffae Auditorium Foyer, Menara Tun Mustapha.

3 July

Annual General Meeting of Badan Kebajikan Islam Kumpulan Yayasan Sabah 2024-2025 at the Menara Tun Mustapha.

4 July

Yayasan Sabah Group Contributes to Flood Victims at Alam Mesra.

4 July

SPM Student Excellence Motivation Programme at SMK Gadong, Beaufort.

5 July

Sabah State Education Fund (TPNS) Assistance Presentation Ceremony at the Sabah International Convention Centre.

6 July

Video Editing and Photoshop Basic Skills Course at the National Information Dissemination Centre, Kudat.

19 July

Launching of Publication Materials by the Child Development Division at the Tun Hamdan Theatre, Menara Tun Mustapha.

11 July

Basic Techniques Course on Processing Soybean Milk and Laksa Noodles at the SNS Training Centre, Aniq Mee Factory, Kg. Lumat, Jalan Safoda, Membakut.

18 July

Yayasan Sabah Group Contributes to Fire Victims of Kg. Linsuk, Putatan.

Exhibition in conjunction with the Mobile Community Services Programme organised by the Sabah Federal Treasury at SK Kanibongan, Pitas.

20 July 21 July

Reflexology Health Therapy Course at Anya Cafe Mini Hall, Kota Marudu.

23 July

25 July

26 July

Yayasan Sabah Group Special Assistance Scheme Presentation Ceremony at

Yayasan Sabah Group Contributes to Staff Affected by Flood at the Tun

26 July 27 July

Men’s Open Futsal Championship 4th Series organised

30 July

2 August

7 August

Dividend Presentation from ICSB to

Government

3 August

Fire Safety Talk and Drill Training at the Tadika Ria Building,

6 August

The 35th Sabah State Scholarship Award of Excellence Ceremony at the Sabah International Convention Centre.

8 August

Yayasan Sabah Group’s Special Assistance Scheme Presentation Ceremony at SK Pekan

10 August

The 3rd University College Sabah Foundation Convocation Ceremony at the

International Convention Centre.

12 August

Over

and Wheelchair

13 August

15 August

Exhibition in conjunction with the Mobile Community Services Programme organised by the Sabah Federal Treasury at Matunggong.

15 August

Yayasan Sabah Group’s Special Assistance Scheme Presentation Ceremony at SK Kuala, Papar.

13 August

Yayasan Sabah Group’s Special Assistance Scheme and Secondary Scholarship Presentation Ceremony at the District Education

16 August

Yayasan Sabah Group’s Special Assistance Scheme and Secondary Scholarship Presentation at SMK Agama Tun Said, Kota Belud.

16-18 August

Perdana Camp Programme: Integrated Leadership Camp at the Sabah Co-Curriculum Centre, Malangang Camp, Kiulu.

17 August

Exhibition in conjunction with the Mobile Community Services Programme organised by the Sabah Federal Treasury at Bangi Island, Kudat.

22 August

MoA Signing Ceremony between Yayasan Sabah Group and Preferred by Nature at the Silam Coast Conservation Area, Lahad Datu.

Yayasan Sabah Group’s Special Assistance Scheme Presentation Ceremony at SK Ladang Lumadan, Beaufort.

22 August 24 August

Men’s Open Futsal Grand Final Championship organised by Innoprise Capital Sdn. Bhd. at the Tun Adnan Sports Complex.

28 August

The Sabah State Education Fund (TPNS) Presentation Ceremony at the Ministry of Science, Technology & Innovation Sabah, Wisma Bandaraya, Kota Kinabalu.

30 August

Briefing to the Yayasan

Parade Contingent

30 August

Call to the Director

31 August

National and Sabah Day Parade at Jalan Tun Fuad

3-15 September

4 September

Yayasan Sabah Group Special Assistance Scheme Presentation Ceremony at SK Kota Klias, Beaufort.

7 September

Potential Day Celebration of the Yayasan Sabah Group Child Development Division at the Tun Hamdan Theatre, Menara Tun Mustapha.

12 September

Occupational Safety and Health Month Opening Ceremony at the Tun Ahmad Raffae Auditorium, Menara Tun Mustapha.

16 September

Parade in conjunction with the Maulidur Rasul Celebration at the Community Hall Kota Kinabalu.

23 September

Sending Off Yayasan Sabah Group’s Sponsored Students under the Special Preparation Programme to the Middle East (Egypt) at the Kota Kinabalu International Airport.

SPM Answering Technique Workshop at SMK Membakut II.

24-26 September

Yayasan Sabah Group Emergency Response Team Competency Course at the Menara Tun Mustapha & Wisma Innoprise.

1 October 24 September

Motivational Talk and Presentation Ceremony of Yayasan Sabah Secondary Assistance Scheme at the Sri Libaran Hall, Sandakan.

Heads of Zone Administrators Meeting at the Livingston Hotel, Sandakan.

5 October 2 October

Parade in conjunction with the Birthday Celebration of Tuan Yang Terutama Yang di-Pertua Negeri Sabah at the Padang Merdeka, Kota Kinabalu.

10 October

Occupational Safety and Health Month Closing Ceremony at the Tun Ahmad Raffae Auditorium Foyer, Menara Tun Mustapha.

13-20 October

Temasya Sukan Setiausaha Kerajaan Negeri Se-Malaysia ke-9 (SUKSEM IX) at Terengganu.

15 October

Governance, Integrity and Anti-Corruption Strengthening Module Course (MPGIA) at the Pusat Kraftangan Sabah, Keningau.

16 October

SPM and MUET Answering Technique Workshop at SMAN Toh Puan Hajah Rahmah, Papar.

17 October

Yayasan Sabah Group Special Assistant Scheme Presentation Ceremony at SK Kepapor, Kuala Penyu.

22 October

The Sabah State Education Fund (TPNS) Presentation Ceremony at the Menara Kinabalu.

24 October

The Appreciation Ceremony for the Special Programme for Natives of Sabah (PKAN) and the Launching of the PKS Craft Fiesta at the Pusat Kraftangan Sabah, Keningau.

26-27 October

Yayasan Sabah Group In-House Badminton Tournament organised by Innoprise Capital Sdn. Bhd. at the Tun Adnan Sports Complex.

28 October

Cheque Presentation by Yayasan Sabah to Kolej Teknologi Yayasan Sabah at the Menara Kinabalu.

29 October

The 27th Kolej Teknologi Yayasan Sabah Convocation Ceremony at the Tun Ahmad Raffae Auditorium, Menara Tun Mustapha.

5-6 November

7 November 9 November 7 November 5 November

Dental Health Education Programme “Healthy Teeth, Happy Children” at SK

6 November

Groundbreaking Ceremony for the 100MW Power Plant Project Kimanis Power (Dua) Sdn. Bhd. & 15th Anniversary Celebration of Kimanis Power Sdn. Bhd., Papar.

14 November 12 November

The Seminar on Maliau Basin Conservation Area Wildlife & Resources Survey at the Shangri-La Tanjung Aru, Kota Kinabalu.

21 November

Yayasan Sabah Group Special Assistant Scheme Presentation Ceremony at SK Pelakat, Sipitang.

Centre

26 November

The Sabah State Education Fund (TPNS) Presentation Ceremony at the Ministry of Science, Technology & Innovation Sabah, Wisma Bandaraya, Kota Kinabalu.

26 November 26 November

Yayasan Sabah Group Special Assistance Scheme Presentation Ceremony at SK Gana, Papar.

26 November

Dividend Presentation from Innoprise Corporation Sdn. Bhd. to Sabah State Government & Yayasan Sabah at the Magellan Sutera Harbour.

29 November

Unit Prime Camp Programme at SK

30 November

Sabah Group Special Assistance Scheme Presentation Ceremony at SK Pengalat Besar,

1 December

3 December

4 December

The State Education Assistance (TPNS) Presentation Ceremony at

6 December

Welfare Programme organised by the Koperasi Pekerja Yayasan Sabah Berhad (KPYSB) and Ar-Rahnu at SMK St. Francis Convent.

9 December

Visit from Badan Kebajikan (BAKIB) dan Amal Institut Aminuddin Baki (IAB) at the Menara Tun Mustapha.

10 December

Visit from SK Pengalat Besar, Papar at the Menara Tun Mustapha.

10 December

from PUSPANITA Kota

the

12-14 December

Imbak Canyon Conservation Area Open Day, Tongod.

19 December

Visit from SK Kemabong, Tenom at the Menara Tun Mustapha.

19 December

19 December

19 December

2024 In The YSG

YSG IN THE NEWS

Recognitions Awards 2024

AWARDS & RECOGNITIONS 2024

Benta Wawasan Sdn. Bhd.

● Yayasan Sabah Group - The Best Company Award (Agro Plantation Sector)

Borneo Rainforest Lodge

● Green Hotel 2024-2027 rated by the Ministry of Tourism, Arts and Culture Malaysia

● 5-Star Hotel 2024-2027 rated by the Ministry of Tourism, Arts and Culture Malaysia

● Global Sustainable Tourism Council Certification 2024-2027 by Vireo Sustainable Certification (M) Sdn. Bhd.

● Triumphed at the 14th Bornean Bird Festival 2024, emerging as the highly competitive 'Big Year' category champion

● Sabah Hospitality Fiesta Awards

- Silver Award in P15 Black Box Category

- Silver Award in P18 Engineering Challenge

- Bronze Award in P13 Black Box : Chef de Partie (CDP) Category

- Bronze Award in P17 Bed Making Challenge

● Winner of Borneo Bird Race in the Borneo Bird Festival

● World Luxury Hotel Awards

- Global Winner in Luxury Wilderness Lodge

- Global Winner in Luxury Eco Lodge

- Country Winner : Malaysia in Luxury Sustainable Resort

Borneo Security Centre Sdn. Bhd.

● Best Employees Award 2024 in Employees Below 50 Category by the Employee Provident Fund (EPF)

● The Best Participant Award in Certified Security Guards (CSG) training by Police Training Centre (PULAPOL) Kota Kinabalu

- The Best Participant Award

- The Best Marching Award

- The Best Academic Award

Innoprise Jungle Lodge Sdn. Bhd.

● Yayasan Sabah Group - The Best Company Award ("Environmental, Social & Governance" (ESG) Award : Tourism Sector)

Innoprise Plantations Berhad

● Yayasan Sabah Group - The Best Company Award : - Chairman of The Yayasan Sabah Board of Trustes Award

- "Environmental, Social & Governance" (ESG) Award : Agro Plantation Sector

Kimanis Power Sdn. Bhd.

● Yayasan Sabah Group - The Best Company Award (Other Sectors Category)

Kristal Handal Sdn. Bhd.

● Batik Bayu awarded Sabah Trusted Brand Award 2024 by the National Consumer Action Council

Norsechem (SABAH) Sdn. Bhd.

● Certified Environmental Professional by the Department of Environment, Ministry of Natural Resources and Environmental Sustainability

● Yayasan Sabah Group - The Best Company Award :

- "Environmental, Social & Governance" (ESG) Award : Forestry & Timber Sector

- Forestry & Timber Sector

Rakyat Berjaya Sdn. Bhd.

● Yayasan Sabah Group - The Best Company Award (Most Promising Company Award)

Sabah International Convention Centre

● SICC CEO, Datuk (Dr.) Hajah Rosmawati Haji Lasuki, was awarded the MACEOS Outstanding Contribution Award by Malaysian Association of Convention and Exhibition Organisers and Supplies (MACEOS)

● SICC Chef, Chef Mohd. Firdaous bin Mohd. Izhar, was awarded the Top Oustanding Master Chef Award 2024 (International Cuisine Category) during the World Top Gourmet Awards

● The MICE Venue of The Year Award by Sabah Top Achievers 2024

● The BrandLaureate Best Brand Award 2024 – Nation’s Pride

● The Taste of the World Ramadan Dinner Buffet in the Asia Book of Records

● The ASEAN MICE Venue Standard (Category Exhibition Venue) Award at the ASEAN Tourism Forum 2024 in Landmark Mekong Riverside Hotel, Vientiane, Laos

● Sabah Trusted Brand Award 2023, Consumer’s Choice Award 2024/2025 by the National Consumer Action Council

● ASEAN Tourism Awards, ASEAN MICE Standard Venue (Exhibition Venue) Award 2024-2026

● ASEAN Tourism Standard 2024

- National Level of Meeting Room Category

- National Level of Exhibition Venue Category

● SICC CEO, Datuk (Dr.) Hajah Rosmawati Haji Lasuki, was awarded the Masterclass Women CEO of the Year by Top Achievers 2024

● SICC CEO, Datuk (Dr.) Hajah Rosmawati Haji Lasuki, was awarded Top 50 Professional & Career Women Global Award

● Best ASEAN Convention Centre 2025 by ASEAN Tourism Association (ASEANTA)

● Yayasan Sabah Group - The Best Company Award (Most Innovative Company Award)

Sabah Softwoods Berhad

● Yayasan Sabah Group - The Best Company Award (Highest Dividend Contributor)

Shangri-La Tanjung Aru

● Yayasan Sabah Group - The Best Company Award (Tourism Sector)

● World MICE Award – Malaysia’s Best Incentive Hotel 2023

● Trip 101 – Top 5 Beach Resorts in Kota Kinabalu, Malaysia

● Haute Grandeur Award

- Best Eco-Friendly Hotel in Malaysia

- Best Hotel View in Malaysia

- Most Unique Guest Experience in Malaysia

- Best Resort Services in Malaysia

- Best Seaside Resort in Malaysia

● Tripexpert – 2024 Expert’s Choice Award

YSG Bioscape Sdn.Bhd.

● Yayasan Sabah Group - The Best Company Award ("Environmental, Social & Governance" (ESG) Award : Other Sectors Category)

Child Development Division

● The Headmistress, Florence Yap was awarded the “Sabah Literary Prize” in the Children’s Picture Book Category by Dewan Bahasa dan Pustaka.

Research Division

● The Group Manager, Dr. Yap Sau Wai, was awarded the Gold Award Winner in the Career Leadership (Science & Technology) category at the 14th Top 50 Professional & Career Women Global Awards 2024

The Group

● Yayasan Sabah Group won the second runner-up in the 71st Sabah Head of State official birthday parade (Commercial/Private Sector Category) on 5 October 2024 at Padang Merdeka, Kota Kinabalu

● Awarded with Certificate for Unmodified Opinion Consolidated Financial Statement of Yayasan Sabah for three consecutive years (2021 to 2023) by the National Audit Department of Sabah

Our Pillar Integrity

CORPORATE GOVERNANCE INITIATIVES

Being an organisation entrusted by the State Government to bring about socio-economic change for the people, the Group is committed to leading the way towards good corporate governance practices.

Toward this end, the Group has placed efforts in strengthening integrity practices within the organisation, which aligns with the government's drive, by negating bribery, embezzlement, power abuse, fraud, and other negative factors that hinder the development of an organisation.

With integrity firmly in place, the Group is committed to achieving its goal of improving the quality of life of the people efficiently and expeditiously.

Integrity Reports

The Group complies with the requirements of the Sabah State Government and the Malaysian AntiCorruption Commission (MACC). The Group provides two main reports:

• Quarterly reporting of Integrity Activities through the Agency Integrity Management System (AIMS). This system is monitored by the MACC.

• Integrity Report and Anti-Corruption Plan Development/Implementation Status Report. This report is submitted quarterly to the office of the Deputy State Secretary (Administration) as Secretary to the Anti-Corruption Committee meeting of the Chief Minister’s Department.

The Group is also a member of the Chief Minister's Department 2023-2027 Anti-Corruption Plan Performance Coordination Meeting, where each organisation must present their Anti-Corruption Plan Implementation Status Report.

Yayasan Sabah Group Anti-Corruption Plan

The Group’s Anti-Corruption Plan is in transitioning process towards Organisation Anti Corruption Strategy (OACS)

The provisions in the Plan are meant to encourage business and other activities in the Group to be carried out in a corruption-free environment, to encourage the Heads of Division/Zone/Unit to take adequate measures to prevent corruption in their respective offices and promote better corporate governance and legal compliance.

Implementation of the Good Regulatory Practice Policy

Effective 23 August 2021, the State Government issued the General Circular No. 1 of 2021 regarding implementing the State Policy on Good Regulatory Practice.

A special team was formed at the Group level to manage changes by implementing the Policy.

A Regulations Coordinator was also established to coordinate the Good Regulatory Practices (GRP) process, documentation, implementation monitoring, revising ordinances, enactment, regulations and guidelines, and enforcement. The GRP provides a systematic application of tools and procedures that the Management utilises to ensure that regulatory outcomes are effective, transparent, inclusive, and sustained. The Regulations Coordinator also functions as the Secretariat of the GRP Committee in the Group.

Yayasan Sabah Group Gift Acceptance Policy

The Policy was approved on 1 December 2020. The Policy ensures that the Management and staff of the Group adhere to the organisation's code of conduct when giving or accepting gifts or other such tokens of appreciation.

The Policy requires the Management and staff to demonstrate the highest standards of ethics and conduct regarding potential and existing vendors, suppliers, and customers. The Integrity and Enrichment Division is the Secretariat that implements the Policy.

Corporate Governance Charter

The Group's business dealings are guided by Innoprise Corporation Sdn. Bhd. Corporate Governance Charter. The approval of the Charter by the Board of Directors, in conjunction with the Company's Memorandum and Articles of Association and the Malaysian Code on Corporate Governance, provides authority and practices for sound corporate governance.

The Charter specifies the Group's governance structure, the internal regulations of the Board of Directors and its committees, and other essential matters. It directs the Board of Directors in carrying out their responsibility to monitor the Group's business for the benefit of shareholders.

“The Group strives for the highest ethical standards, including doing what it says, sharing results accurately and transparently and adhering to all laws, rules, and regulations that govern the Group's operations. The Board recognises that good corporate governance is a means to an end, improving the Group's capacity to establish and achieve its goals.

The Group believes that the following are the guiding principles of good corporate governance:

Fairness Responsibility Transparency Accountability

Minority shareholders, investors, and other stakeholders are treated fairly and have their interests considered.

Disclosure of information - financial, organisational, governance and related transactions - are adequate and timely for stakeholders to assess the organisation's performance.

Senior Management is accountable to the Board of Directors for achieving plans and implementing approved policies that ensure the safeguarding of assets and the Group's financial viability. The Board of Directors are accountable to the shareholders and other stakeholders.

Clear lines of responsibility need to exist regarding delegations of authority and which actions or decisions require Board or shareholder approval. Responsibility must be attributed to having accountability for results.

Internal Audit

The Group will continue developing effective risk oversight and management procedures to aid decision-making. This is accomplished by emphasising the action plans and controls adopted due to internal audit findings.

Internal auditing gives insight into policies and procedures while assisting the Board and Management by checking internal controls such as operational effectiveness, risk mitigation controls, and compliance with applicable laws and regulations. The risks in question are not only compliance-related but also financial and operational.

The Group Audit Committee is an independent observer, ensuring that the audit reports’ findings are free of conflicts of interest and recommending appropriate corrective actions.

Our People

Our Asset

The Group remains the people's organisation that places employees welfare at the forefront of its operation. The Group continues to foster a positive work culture by empowering its staff to reach their full potential.

The Group's commitment to employee welfare is reflected in its generous benefits, which include medical benefits, and retirement schemes. Additionally, the Group invests in training and development programmes to equip its employees with the skills they need to succeed.

Total Number of Staff : 1,221

EXCELLENT SERVICE AWARD 2024

Yayasan Sabah

Head of Division Category

The Excellent Service Award recognises staff who have delivered exceptional service to the organisation. Award recipients received a certificate, a performance prize of RM1,000, and opportunities for career advancement through self-development courses, seminars, or conferences that can improve work performance. Recipients are also prioritised for State honours. Executive Category

1. Hanafiah bin Diman

2. Zulkhairi bin Haji Ismail

5. Nurhafizah binti Matlah Secretary

6. Dayang Supiyan binti Ag Damit

7. Nurul Izah Farahanah binti Tangah

Innoprise Corporation Sdn. Bhd. Head of Division Category

1. Hajah Ainahwati binti Haji Abd Sani

Manager

2. Haji Budirman bin Haji Daud Group Manager

3. Jocelyn Chong Fung Ken Senior Company Secretary

Category

1. Stephen Jilimin Manager

2. Pius bin Pansang

3. Ruslizah Kamat

4. Victoria Dionysius Bugong

5. Ibrahim bin Umbing

6. Majin bin Milang

7. Colette Ingkim

8. Yong Lun Nyik

9 Rafeah binti Samsudin

10. Mahat bin Rahman

Kraftangan Sabah

Business Development Division

Secretary

Operating Officer of ICSB’s Office

Division (INIKEA), Tawau

Division (Danum

Conservation Area), Lahad Datu

Division, Lahad Datu

1. Dorothea Tay @ Dolly

Jonson Madisang

4. Meni binti Sumping

5. Azlina binti Michael

6. Rauhiyah binti Jamil

7. Jamius @ Jenius bin Basinau

8. Zinin bin Daruan @ Doruan Driver

Administrative

Tawau

(YS/ICSB)

9. Azman bin Sahirun Forest Ranger Forestry Division, Lahad Datu

Division, Kota Kinabalu 10. Jummey bin Maderisa General Clerk Forestry Division, Sandakan

SILVER JUBILEE AWARD 2024

In recognition of and appreciation for the staff's efforts and loyalty, the Management presents the Silver Jubilee Award annually to those in service for 25 years. Award recipients received a certificate and RM1,000 each.

Yayasan Sabah

Innoprise Corporation Sdn. Bhd.

APPRECIATION AWARD

2024

Tokens of appreciation are handed out to retires as well through the Group's Appreciation Award. The recipients received a certificate and RM1,500, honouring the many years of service they have dedicated to the Group.

Yayasan Sabah

1. Galina @ Angelina binti Anak

2. Bahiwata Sayangan binti Haji Mulia

Sarifah Jamilan binti Sharif Lawi

Norbaini binti Haji Jifli

6. Baihi binti Panunggoh

7. Roslan bin Khairuddin

Wasli bin Pairan

Melezah bte Haji Ruhimin@Meelezah

Innoprise Corporation Sdn. Bhd.

MAJLIS BERSAMA JABATAN (MBJ)

MBJ is a two-way platform that allows Employee Representatives to engage with the Management, share their thoughts and give constructive ideas for the benefit of the Group.

The Federal Government Service Circular No. 2 of 1992 mandates the establishment of MBJ for all State and Federal departments, agencies, and statutory bodies to build a harmonious working relationship between the Management and staff. The MBJ of the Group, which was established in 2005, meets four times a year, quarterly.

The Group’s MBJ comprises twelve members, six of whom are Management Representatives, and the remaining six are Employee Representatives. The Corporate Communications Division is the Secretariat of the Council.

Management Representatives

The Management Representatives are appointed according to their respective positions, and there is no limit to the term of holding the positions in the Council :

i. Director of Yayasan Sabah - Chairman

ii. Group Manager Human Resource and Administration Division (YS/ICSB) - Member

iii. Group Manager Accounts and Financial Services Division (YS/ICSB) - Member

iv. Group Manager Forestry Division - Member

v. Executive Assistant to the Director of Yayasan Sabah - Member

vi. Group Manager Corporate Communications Division - Secretary

Employee Representatives

Based on the Group’s MBJ Constitution, the Employee Representatives consist of staff (from Salary Grade 44 and below for Yayasan Sabah and Salary Grade 2 and below for ICSB).

The Chairman of the Employee Representatives is the Vice-Chairman of the Council, while the elected Secretary will be the Joint Secretary. They shall hold their position for two years.

The following staff served as Employee Representatives for the 2024-2026 session :

Kota Kinabalu (YS) - Encik Hasranizam bin Haji Kiran - Chairman (Director of Yayasan Sabah’s Office)

Tawau - Puan Azlina Michael - Secretary (Forestry Division, Tawau Regional Office)

Sandakan - Puan Nur Aqilah binti Omar Baki - Member (Forestry Division, Sandakan Regional Office)

Lahad Datu - Encik Safri bin Omar - Member (Forestry Division, Lahad Datu Regional Office)

Keningau, Beaufort & - Encik Suwandy Sundu - Member Kudat (Interior North Zone)

Kota Kinabalu (ICSB) - Encik Lorenzo Lowrince - Member (Information and Communication Technology & Occupational Health and Safety Division)

8 Issues (21%)

Issues for 2024

Resolved

Pending Approval

Total Number of Issues : 38

30 Issues (79%)

Throughout 2024, the Employee Representatives raised 38 new issues concerning staff welfare and other related matters.

Since its inception nearly two decades ago, the Group’s MBJ has indirectly instilled a spirit of teamwork among staff and encouraged them to serve with greater dedication. It also promotes higher job satisfaction, increased productivity, higher work quality, better career advancement, mutual respect between Management and staff, loyalty to the organisation, and unity.

HUMAN RESOURCE DEVELOPMENT

Staff Training

The Management emphasises staff development through training, seminars and workshops. The ongoing staff development has ostensibly imparted responsibility, satisfaction and retention among the staff while engaging them through consistent training and development programmes.

The training also involves programmes that enable staff to learn specific skills or knowledge in improving work performance while preparing them for future performance rather than an immediate career role improvement.

Staff Training 2024 (Programmes)

External

54 Programmes (72%)

Total Number of Programmes : 75

21 Programmes (28%)

Staff Training 2024 (Participants)

Total Number of Participants : 602

113 Participants (19%)

Industrial Training

489 Participants (81%)

The Group offers university students the experience of doing actual work while studying. The hands-on training teaches about the skill sets required, industry demands, and work ethics. At the same time, it allows students to practice what they have acquired at university. In 2024, 70 students were involved in industrial training at the various offices in the Group.

Sustainability Advancing Human Capital &

HALA TUJU SABAH MAJU JAYA (DEVELOPMENT PLAN 2021-2025)

Driving the SMJ with an Array of Initiatives

The Group continuously implements various programmes in line with the SMJ Development Plan. As the State Government’s strategic machinery, the Group is focused on the three SMJ main thrusts: Human Capital & People’s Welfare, Infrastructure Network & Green Sustainability and Tourism Sector. The Group implemented 21 initiatives in 2024 to strengthen the strategic interests of the SMJ, boosting human capital development with a focus on education from early childhood to higher learning, preserving the environment and promoting green economic growth.

The Group will continue to deliver its SMJ efforts in stimulating and strengthening the development of human capital in the quest to produce not just thriving human capital in monetary and career terms but also those who are creative and critical in their thinking.

Providing quality care services for 100 children at Taska Ria and Taska Kristal Ria, Kota Kinabalu.

100 99 99% students students

Providing guidance in all core subjects and care for 20 primary school students at the Transition Centre of the Child Development Division.

20 20 100% students students

Providing quality kindergarten education for 80 students at Tadika Ria.

80

78 98% students students

Sponsoring a total of 1,864 secondary and higher education students.

1,864 1,723 92% students students

Registering new student intake of 1,345 students for KTYS.

1,345 1,366 100% students students

Registering new student intake of 300 students for UCSF.

300 399 100% students students

Conducting a study on ABCNS graduate's employability rate in 2023 - 2024.

1 1 100%

Targeting 90% of the KTYS graduates' employability rate after six months of graduation.

90% 98% employability rate employability rate

100%

Targeting 70% of the UCSF graduates' employability rate after six months of graduation.

70%

83.15% 100% employability rate employability rate

100% study study

Carrying out 12 Environmental Education activities a year.

12

32 activities activities

Implementing 10 public awareness programmes/ skills training/continuous professional development/upskilling/seminars at UCSF aligning with the government's initiative to make Sabah a 'Smart & Green' State.

10

10 100% programmes programmes

Training for 30 graduates on forest conservation and environmental protection at INFAPRO & INIKEA.

30

11 37% graduates graduates

Producing a video documentary on Sabah ethnic's traditional delicacies.

1 1 100% documentary documentary

Implementing three UCSF activities or research projects based on green, ethnic, and social studies initiatives.

3 4 projects projects

100%

Producing one documentation report on Sabah ethnic's traditional delicacies.

1 1 report report

100%

Producing one report on Sabah ethnics' traditional recipes.

1 1 100% report report

Infrastructure Network & Green Sustainability - 4 INITIATIVES

Carrying out 180 patrolling activities every year for five conservation areas and two forest rehabilitation areas (INFAPRO & INIKEA) to reduce/prevent incidents of forest encroachment and illegal hunting.

180 564 100% activities activities

Producing one population distribution map of wild ginger species (Tuhau) found in Danum Valley Conservation Area, Imbak Canyon and Forest Conservation Area (INFAPRO and INIKEA).

1 1 100% population distribution map population distribution map

Planting 8,297 bamboo trees and 6,715 rattan trees in FMU15, Sook, Keningau by 2025.

8,297 5,240 6,715 2,183 49% bamboos bamboos rattan rattan

Developing the YSG's 'Facility Booking & Reservation' System by 2025.

Tourism Sector - 1 INITIATIVE

Targeting 7,300 visitors annually for five conservation areas and two forest rehabilitation areas (INFAPRO & INIKEA).

7,300 18,632 100% tourists tourists

Programmes Social

Knowledge Enriches Empowers; Education

EDUCATI N

THE BEST INVESTMENT FOR HUMAN CAPITAL

For nearly six decades, we have believed in one transformative truth: education has the power to change lives. Since our establishment in 1966, we have made it our mission to create opportunities through learning, empowering individuals, strengthening families, and uplifting the communities across Sabah.

Education is not just about acquiring knowledge. It is about nurturing potential, resilience, and the capacity to shape a better future. That belief drives every school we support, every scholarship we award, and every student we champion.

Institutions like the University College Sabah Foundation (UCSF) and Kolej Teknologi Yayasan Sabah (KTYS) reflect our commitment to preparing students for real-world success. These learning centres offer programmes that equip young people with the academic foundation and practical skills needed in the State's evolving workforce.

The Tun Haji Mohd. Fuad Stephens Borneo Research Library stands as a symbol of our long-term investment in knowledge. It's more than a library; it has been a gateway to discovery and innovation for generations.

Looking ahead, our resolve remains strong. Education will always be at the heart of our mission as it lays the foundation for progress for individuals and society. Investing in education is investing in a better tomorrow.

From early childhood to higher education, we are dedicated to ensuring that individuals at every stage have access to quality education and the tools to thrive. Our scholarships, bursaries, and study loans help reduce financial obstacles, opening the door to greater opportunities and brighter futures.

2024)

16,798 students

million

- 2024)

million

CHILD DEVELOPMENT

The Child Development Division (CDD) was established in 1979. Its primary focus is on children aged three months to 12 years. The establishment of the CDD supports the Group's mission to enhance the quality of life for Malaysians in Sabah by providing comprehensive education from early childhood to tertiary levels.

PROGRAMMES

PRESCHOOL

Ria Kindergarten

DAYCARE CENTRE

Ria Nursery

Kristal Ria Nursery

Ria Daycare Centre

SUPPORT UNIT

Administration Unit

Finance and Training Unit

Research and Development Unit

Printing and Publishing Unit

NUMBER OF STUDENTS IN 2024

78 52 47 30

RIA KINDERGARTEN RIA NURSERY

KRISTAL RIA NURSERY

RIA DAYCARE CENTRE

2024

207

Children

1983-2024

16,798

Children

Total number of GRADUATES in 2024

72

RM9,167.84

Tadika Ria

Through the Tadika Ria, the Group educates and guides students from aged four years old to six years through various teaching and learning programmes. The activities are designed to address comprehensive physical, emotional, spiritual, intellectual and social aspects in line with the national philosophy of preschool education.

Two programmes are offered: half-day kindergarten, which operates Monday to Friday from 8,00 a.m. to 11.30 a.m. and full-day kindergarten, also known as KoDidik Kindergarten, which runs from Monday to Friday from 8.00 a.m. to 5.00 p.m.

Child Care Centre (Taska)

Establishment 1983

Tadika Ria, Likas Bay, Kota Kinabalu 1994

Tadika KoDidik, Likas Bay, Kota Kinabalu

78

Children

Total number of GRADUATES

Ria Kindergarten 2024 1982-2024

2,231

Children

The Centre was established to provide high-quality early childhood education that positively influences children's development and school readiness. It provides valuable educational and social experiences to children aged three months to four years, emphasising comprehensive and balanced physical, emotional, spiritual, and intellectual development.

1989

Taska Kristal Ria, Sadong Jaya, Sembulan, Kota Kinabalu Establishment

Taska Ria, Likas Bay, Kota Kinabalu 2006

Ria Nursery 2024 1989-2024

Total number of GRADUATES Kristal Ria Nursery 2024 2005-2024

52 645

Children Children

47 267

Children Children

Total number of GRADUATES

The Centre was established in 1992 under the Preschool and Primary School Department of CDD. It was made into a separate unit as a tuition centre named the Primary School Students Transition Centre in 2004.

This Centre provides a half-day care service and is an excellent place for taking care of primary school children aged 7 - 12 years old before or after school.

The main activities concentrate on providing tuition for four core subjects and extracurricular activities, including karate and music classes.

On 14 November 2022, this Centre was officially registered under the Department of Social Welfare (Jabatan Kebajikan Masyarakat) and renamed Pusat Jagaan Ria (Ria Daycare Centre).

2024 2000-2024 30 592

Children Children

ACHIEVEMENTS IN 2024

Moving Foward

Six of sixteen books published by the CDC have been converted to MP3 format at the national level to support children with disabilities.

Children’s Picture Book category

Puan Florence Yap, the Headmistress of Tadika Ria was awarded the “Sabah Literary Prize” in the Children’s Picture Book Category during the Pena Kinabalu Award Night on 6 September 2024 held at The Pacific Sutera Hotel, Kota Kinabalu organised by the Dewan Bahasa dan Pustaka.

The Group will implement the CDC transformation strategic plan to enhance the quality and delivery of the programme for target groups. Key elements of this plan include effective programme planning, improving staff quality, and providing safe infrastructure.

The Group will strengthen existing programmes and introduce new quality products and services to meet current needs.

To support early childhood education, the Group will offer training courses to enhance the skills of teachers, caregivers, and CDC staff.

Additionally, the CDC will develop staff potential through participation in external programmes and competitions.

The Group will also initiate online fee payments to keep pace with digitalisation.

EDUCATION SPONSORSHIP

Since its establishment, the Group's education programmes aim to supplement and complement government activities to improve the quality and facilities of education for the people of Sabah. The major thrust of the Group's education development programme is to provide financial assistance through scholarships, bursaries and loans at the secondary and tertiary levels.

4

1968-Now

Secondary Education Programmes

Peninsular Malaysia Secondary School Scholarship

This programme provides opportunities for Sabah students to enjoy better educational facilities and provide exposure to national integration. Scholarships are offered to Sabah students to attend the best secondary schools in Peninsular Malaysia from form one to form five. In 2024, 128 students were sponsored under this scholarship. These students attend 34 selected schools in Peninsular Malaysia.

1976-Now

Sabah/Sarawak Students Exchange Scholarship

The objectives of this programme are more focused on national integration through bilateral relationship built by the Group and Yayasan Sarawak in 1976. Yayasan Sarawak fully sponsors Sabah students sent to Sarawak, while Sarawak students sent to study in Sabah are fully sponsored by the Group. In 2024, 26 students were sponsored under this programme in six selected schools in Sabah.

SECONDARY SCHOOL SCHOLARSHIP/BURSARY (Number of Active Students, 2024)

Peninsular Malaysia Secondary School Scholarship

Sabah/Sarawak Students Exchange Scholarship

Rural to Urban Students

Placement Scholarship

Peninsular Malaysia Secondary School Bursary

Rural to Urban Students Placement Scholarship 1990-Now

The programme started in 1990 to provide learning opportunities for students from rural areas placed in urban secondary schools for admission to form one. In 2024, 79 students were sponsored under this programme. These students attend MRSM Kota Kinabalu and SM Sains Sabah.

1983-Now

Peninsular Malaysia Secondary School Bursary

This programme was started in 1983. Initially, it was bursary assistance to students who continue their studies privately in Peninsular Malaysia. This programme is still ongoing and covers students who attend private religious schools, including in Sabah and Sarawak. The rate given is RM1,000 to RM3,000 per student per year. In 2024, 121 students were sponsored under this programme.

Examination Assistance

Rural to Urban Student Placement

MRSM Kuching

District Hostels Scholarship

Sabah/Sarawak Exchange Students Scholarship

Soldiers Scholarship

Accident Scholarship

Peninsular Malaysia Secondary School Bursary

Daily/Hostel Scholarship Zone

Daily/Hostel Scholarship

Peninsular Malaysia Secondary Scholarship

Maahad YIK/YS Scholarship Maahad Tahfiz Pahang Scholarship

SECONDARY SCHOOL SCHOLARSHIP/BURSARY (Expenditure in 2024)

Peninsular Malaysia Secondary School Scholarship

Sabah/Sarawak Students Exchange Scholarship

Rural to Urban Students Placement Scholarship

Peninsular Malaysia Secondary School Bursary

Total Expenditure: RM1,609,563.59

RM79,988.80

Examination Assistance

Rural to Urban Student Placement

MRSM Kuching

District Hostels Scholarship

Sabah/Sarawak Exchange

Students Scholarship

Soldiers Scholarship

Accident Scholarship

Peninsular Malaysia Secondary School Bursary

Students Camp Programme

Daily/Hostel Scholarship Zone

Daily/Hostel Scholarship

Peninsular Malaysia Secondary Scholarship

Maahad YIK/YS Scholarship

Maahad Tahfiz Pahang Scholarship

KTYS Scholarship/Bursary

The Kolej Teknologi Yayasan Sabah (KTYS) Scholarship/ Bursary comprises three programmes.

• The KTYS Bursary (Certificate)

• KTYS - Universiti Malaysia Pahang (UMP) Scholarship (Foundation)

• KTYS - Kolej Universiti Islam Melaka (KUIM) (Diploma)

Excellence Rural Students Scholarship (BCPLB)

BCPLB is a new programme designed by the Group to strengthen rural education and close the education gap between urban and rural areas in the State. The programme aims to help improve the level of education, increase qualified and skilled employment, and instil good values in parents to develop a knowledgeable and caring society, particularly among the B40 Group.

2022-Now

1990-Now

1973-Now

Early Childhood Scholarship (Diploma)

This programme is for Kolej Teknologi Yayasan Sabah students taking diplomas in Early Childhood courses.

Polytechnic Bursary

The primary goal is to assist eligible students in accordance with the Group’s policies and guidelines.

UiTM Bursary

It began in 1973 to assist Sabah students studying at YS-ITM. The primary goal is to improve the living conditions of the people of Sabah through education.

HIGHER EDUCATION SCHOLARSHIP/BURSARY

Medical Scholarship MARA (IKM) Bursary

Alam Scholarships

Pre-U Bursary

Local Scholarship (IPTA)

UiTM Bursary

ASEAN/Middle East Scholarship

Sabah State Scholarship Award of Excellence

Polytechnic Bursary

IPTS Scholarship

Scholarship INTRA Bursary Ulum Islamiah Scholarship KYS (KTYS) Scholarship

Pre-Academic Bursary KKIP Aerospace Bursary

Childhood Scholarship (Diploma)

Medical Scholarship

Medical Scholarship

RM2,747,683.00

RM1,093,938.00

RM360,500.00

RM286,842.00

RM14,481.00

RM18,000.00

RM1,858,239.62

RM45,000.00

RM135,222.50

RM1,105,868.69

RM6,840.00

RM219,778.97

RM2,378,270.28

RM4,445,146.82

RM514,088.02

RM1,830,535.83 RM3,077,560.00

Local Scholarships

Private Institutions of Higher Learning (IPTS) Scholarship

Germany Engineering

UCSF Diploma

UCSF Bachelor

ASEAN / Middle East Scholarship Programme

RM360,965.00

UNHAS Medical Scholarship

RM137,112.00

KYS (KTYS) Scholarship/Bursary

RM22,166,169.69

Agrotechnology Scholarship

RM244,691.22

Ulum Islamiah Scholarship

RM1,568,489.03

Biotechnology Scholarship

RM5,875,559.05

Ulum

RM4,442,850.00

Scholarship

Staff Scholarship

Egyptian Medical Scholarship

KTYS-UMP Scholarship (Foundation)

Diploma in Islamic Studies (DPII) Scholarship

Excellence Rural Students Scholarship (BCPLB)

YS/UMS - Master of Computer & Informatics

Albukhary International University Scholarship

Building Construction Technology Diploma Scholarship (KTYS)

Russian Medical Scholarship

Expertise Scholarship

Early Childhood Scholarship (Diploma)

KTYS-KUIM Special Scholarship

KTYS Arabic Language Preparation Scholarship

Islamic Studies (DPII) Scholarship RM45,000.00

Computer & Informatics Scholarship (Degree)

RM18,000.00

Albukhary International University Scholarship RM14,481.00 Specialist Scholarship RM1,093,938.00

Notes:

HIGHER EDUCATION STUDY LOAN

Total Expenditure: RM275,481,404.20

The annual expendituresand the number of beneficiarieswill vary if the number of recipients(accepts/rejects) and the total amount of study loansgranted/additional loansapproved have yet to be disbursed, rejected, or cancelled. The total expenseslisted above include present, current, and former students.

EDUCATION LOAN COLLECTION

(The highest since the establishment of Yayasan Sabah)

325,817.21 (which has been processed) Academic absorption in 2024

EDUCATION LOAN COLLECTION

133,637,399.03

Moving Forward

Maintain loan collection of RM6 million per year for the next 5 years.

Towards fully implementing the MS ISO 9001:2015 Quality Management System.

Encourage borrowers who have not yet started payments to begin repaying their debts.

Establish good cooperation with related agencies such as Counselling and Credit Management Agencies (AKPK).

To further enhance the use of social media as a medium of interaction and communication with borrowers.

STUDY LOAN COLLECTION

Year Amount (RM)

1974-1986 339,136.32

1987-1990 1,634,373.58

1991 564,820.02

1992 759,170.54

1993 1,203,932.63

1994 1,200,632.59

1995 1,504,097.12

1996 1,364,236.09

1997 2,056,991.50

1998 1,856,659.45

1999 1,844,806.16

2000 2,123,019.27

2001 2,800,981.66

2002 2,960,717.00

2003 2,849,107.73

2004 3,169,856.63

2005 3,565,422.60

2006 3,897,505.26

2007 4,633,186.83

2008 5,062,409.96

2009 4,853,046.32

2010 5,541,864.94

2011 5,506,905.62

2012 5,252,867.39 2013 4,374,654.11 2014 4,270,891.86 2015 3,058,005.04 2016 3,781,561.82

2017 4,049,488.59 2018 3,423,069.45 2019 4,398,037.02

2020 2,933,418.30 2021 5,423,524.95 2022 5,836,047.78

2023 6,661,760.10

2024 6,624,398.14

Total 121,380,604.37

Collection (1974-2024)

KOLEJ TEKNOLOGI YAYASAN SABAH

(Yayasan Sabah College of Technology)

KTYS is committed to fostering human capital development that aligns with the State Government's goals. The college trains, educates, and equips individuals to meet industry demands. KTYS also supports and enhances the Group's initiatives to improve people's quality of life through education and continuous learning programmes, specifically in Technical Vocational Education and Training (TVET).

1,517

228

DIPLOMA & FOUNDATION

Homegrown & Franchise Programmes

Diploma in Automotive Technology - (DTA)

JPT/BPP/(R3/0715/4/0037) (A8517)/3/28

2 Years 5 Months

2024

HOMEGROWN PROGRAMMES

Diploma Construction Technology

JPT/BPP(R3/0733/4/0011) (A8518)/3/28 2 Years 5 Months

Diploma in Islamic Studies

JPT/BPP(R2/0224/4/0009)

(MQA/FA3680)18/28 3 Years

Diploma in Business Management

JPT/BPP(R2/345/4/0270) (MQA/FA1753)/11/27 2 Years 6 Months

Diploma in Early Childhood Education

JPT/BPP(R/0112/4/0055) (MQA/FA11473)/1/30 2 Years 6 Months

Diploma in Electrical Technology

JPT/BPP(R2/0712/4/0005) (MQA/FA1921)/7/27 2 Years 5 Months

Foundation in Physical Science

JPT/BPP(R/0011/3/0183)

(MQA/FA8937)/3/27 1 Year

FRANCHISE PROGRAMMES WITH UNIVERSITY OF TECHNOLOGY MALAYSIA (UTM)

Diploma in Technology Management

JPT/BPP(R3/0414/4/0059) (A9667)/7/28 3 Years

Diploma in Accounting

JPT/BPP/(R3/0411/4/0020) (A9668)/7/28 3 Years

Diploma in Real Estate Management

JPT/BPP(R3/0734/4/0005) (A9042)/7/28 3 Years

Diploma in Computer Science

JPT/BPP(R3/0613/4/0008) (A9374)/10/28 3 Years

Approved by : Ministry of Higher Education

Recognised by : Malaysian Qualification Agency (MQA)

2024 Technical Certificate & Diploma

Programmes Under the Department of Skills Development (JPK)

Business & Finance

Civil Engineering

Level 3: Office Administration

Level 4: Information System Administration

Level 2: Building Construction Operation

Level 3: Building Construction Operation Supervision

Electrical Technician

Level 2: Single-Phase Electrical Installation and Maintenance

Level 3: Three-Phase Electrical Installation and Maintenance

Refrigeration & Air-Conditioning

(N821-001-3-2020) (FB-081-4:2012) 18 Months 18 Months

(F410-001-2:2019) (F410-001-3:2019) 12 Months 15 Months

(F432-005-2:2019)

(F432-005-3:2019) 12 Months 15 Months

Level 3: Heating, ventilation, Air-conditioning (HVAC) single phase installation and maintenance (F432-007-3:2020) 18 Months

Welding Technology

Level 3: Shielded Metal Arc Welding

Tourism & Hospitality

(MC-024-3:2012) 15 Months

Level 2: Pastry Production

Level 3: Pastry Production

Level 2: Food Preparation and Production

Level 3: Food Preparation and Production

Automotive Technology

Level 2: Light Vehicle Repair Service

Level 3: Light Vehicle Diagnose Service

Level 4: After Sales - Service Operation

Accredited by: Department of Skills Development (JPK)

(HT-014-2:2011) (HT-014-3:2011) (HT-012-2:2012) (HT-012-3:2012) 6 Months 12 Months 9 Months 12 Months

(G452-002-2:2018) (G452-002-3:2018) (G452-002-4:2017) 12 Months 15 Months 15 Months

Short Courses

2024

Sponsored by:

• Sabah Ministry of Youth and Sports

• Sabah Human Resource Development Department

• Sabah State Government

• The Sabah State Education Fund (TPNS)

• The Implementation Coordination Unit, Prime Minister Department

• Eastern Sabah Security Command (ESSCOM), Ministry of Home Affairs of Malaysia

Strategic Partners

Awards & Recognition

• Awarded with Bank Simpanan Nasional (BSN) Best Strategic Partner Award on 4 February 2024

• Won Silver Medal Fruit & Vegetable Carving Competition (Class P06 Professional), during the 24th Sabah Hospitality Fiesta held on 26-28 September 2024.

Our vision is to be a centre for education, academic excellence, and TVET at the international level. KTYS will implement the following strategic plan in 2025:

Strengthen Strategic Collaboration

KTYS will expand its network by collaborating with local and international universities, industries, and agencies to ensure the courses and programmes are relevant to the current job market needs

Utilising Digital Technology in Teaching

KTYS will prioritise digital and technological teaching and learning methods to enhance students' skills and understanding. Utilising technology in teaching includes creating an online platform, developing interactive learning tools, and integrating current technology with the curriculum.

Improve the Quality and Diversity of Programmes

KTYS will enhance the development of academic programmes and vocational training that align with industry demands, particularly in technology, science, and entrepreneurship, to help produce competent and competitive graduates in the job market.

Expand Access and Educational Opportunities

KTYS aims to increase student enrolment by enhancing recruitment efforts for all courses, especially those funded by the government. Ongoing initiatives will expand to more areas and create greater educational and skills opportunities.

Intensify Promotion and Community Involvement

KTYS will enhance its promotional efforts by utilising social media and websites and collaborating with local media to raise awareness about its programmes and accomplishments. Additionally, active participation in community service initiatives and educational exhibitions will help strengthen relationships with the local community and enhance the institution's reputation.

By implementing these strategies, KTYS has the potential to continue to advance as an educational institution, in line with its mission to help improve the quality of life for the people of Sabah through education and continuous lifelong learning.

UNIVERSITY COLLEGE SABAH FOUNDATION

UCSF celebrated its 10th anniversary in 2024, reflecting on a decade of growth and accomplishments. This milestone honours the university's journey and the vibrant community it has built. Over the years, UCSF has fostered a culture of innovation and collaboration, with dedicated staff, talented students, and supportive alumni all contributing to its identity and commitment to excellence.

The university aims to be a model green boutique institution, shaping its initiatives and role within higher education. Beyond knowledge, UCSF focuses on cultivating environmentally conscious graduates equipped with business, finance, and digital literacy skills, preparing them for success in an evolving global landscape. UCSF is dedicated to academic excellence and recognises Sabah's unique higher education needs. It aims to meet these needs by offering strategic programmes and fostering an inclusive environment that empowers students to succeed. As a 21st-century university, UCSF focuses on academic achievement and nurturing responsible citizens who contribute to society, educating students on the importance of various stakeholders in reaching global goals, like the Sustainable Development Goals (SDG) for 2030.

2024 Courses

Bachelor of Arts (Honours) in Development Studies with Media Communication (R/312/6/0010)(FA8010(07/26) 3 years

Bachelor of Business Administration (Honours)

(R/340/6/0374)(FA3558)(01/24) 3 years

Bachelor of Hospitality and Tourism Management (Honours)

(R/812/6/0128)(FA5524)(11/25) 3 years

Bachelor of Accountancy (Honours) (MQA/FA3476) 3 years

Diploma in Visual Arts and Design (R/214/4/0222)(FA8181(09/25) 2 years 4 months

Bachelor of Entrepreneurship (Honours) (MQA/FA5525) (R/345/6/0502)(FA3519)(01/24) 3 years

Bachelor of Science (Honours) Sustainable Resource Management and Conservation (R/422/6/0012)(FA5499)(11/25) 3 years

Diploma in Animation (R2/0211/4/0157)(FA5222)(04/30) 2 years 6 months

Diploma in Screen Arts (R/213/4/0267)(FA5114)(10/25) 2 years 6 months

Diploma in Media Studies (MQA/FA8182) 2 years 6 months

Diploma in Hotel Management (MQA/FA5497) 2 years 6 months

Diploma in Business Management (MQA/FA7190) 2 years 6 months

Diploma in Tourism Management (MQA/FA1920) 2 years 4 months

Diploma in Accounting (MQA/FA5525) 2 years 6 months

New Short Courses

Short-term courses were introduced in 2024.

Microsoft Word Intermediate 16 participants

Microsoft PowerPoint Basic 20 participants

Leadership Development Empowering Effective Leaders 25 participants

Special Programme for Natives of Sabah - Photography Art Course 20 participants

Outreach Programme – Pastry and Cake Production Course

Outreach Programme – Computer Software Course 40 participants

Outreach Programme – Accessory Production Course ( Polymer Clay) 132 participants

Workplace Cleaning Training 10 participants

Microsoft Excel Intermediate 16 participants

Special Programme for Natives of Sabah - Visual Art Painting Course 7 participants

Special Programme for Natives of Sabah - Entrepreneurship as a Career (EAAC) 4 participants

Outreach Programme – Website Development Course 10 participants

Outreach Programme – Bamboo Weaving Course 40 participants

Outreach Programme – Videography Course 40 participants

Basic Mandarin Speaking 35 participants

Microsoft Excel Basic 16 participants

Special Programme for Natives of Sabah - Basic Industrial Design 9 participants

Special Programme for Natives of Sabah – Botanical Batik Textile Production 8 participants

Outreach Programme – Basic Drone Handling 35 participants

Outreach Programme – Front Office Customer Service Course 20 participants

Outreach Programme – Colour Extraction Course 78 participants

Outreach Programme – Basic Housekeeping Course 21 participants

Outreach Programme – Basic to Guiding Course 17 participants

Award & Recognition

UCSF Dance Club won first place in Dance Competition Aerodance Category in conjunction with Pesta Kubis, Kundasang, on 16 to 18 December 2024.

Moving Forward

UCSF celebrated its 10th anniversary in 2024, marking a decade of growth, achievements, and commitment to excellence. With great pride, UCSF reflects on its journey and the significant milestones the university has accomplished. Since its inception, UCSF has been dedicated to establishing itself as a green model boutique university, a vision that has shaped its initiatives and identity within the higher education landscape. This milestone is not just a measure of time but a celebration of the vibrant community that has been built together.

Over the past decade, UCSF has fostered a culture of innovation, collaboration, and excellence. Every dedicated staff member, talented student and supportive alumnus has played a vital role in shaping the university’s identity and pushing the boundaries of knowledge and discovery.

UCSF’s mission extends beyond imparting knowledge. The university strives to cultivate graduates who are not only environmentally conscious but also equipped with essential skills in business, finance and digital literacy. In an ever-evolving global landscape, it is imperative that UCSF students are prepared to navigate the complexities of the modern world. The university remains committed to providing them with the necessary tools for success.

In addition to its commitment to academic excellence, UCSF recognises Sabah's unique higher education needs. The university endeavours to meet these needs by offering strategic programs and fostering an inclusive learning environment that empowers students to thrive. As a 21st-century university for Sabah, UCSF is not only focused on academic achievement but also on nurturing responsible citizens who contribute positively to society. Students are also educated on the crucial role of various stakeholders in achieving global targets such as the Sustainable Development Goals (SDG) 2030.

Looking ahead, UCSF plans to expand its academic offerings to further support higher education in Sabah. Currently, the university is collaborating with Universiti Teknologi Petronas (UTP) and Universiti Sains Islam Malaysia (USIM) to introduce new programs, including foundation studies in science and a degree in architecture.

In addition to these collaborations, UCSF is actively exploring partnerships with other universities, both locally and internationally, to diversify its academic offerings. The university is exploring and considering the possibillity of introducing programs in strategic fields, such as law, pharmaceutical and maritime studies among others.

UCSF is also deeply committed to advancing its Internationalisation agenda, recognising its vital role in preparing students and faculty for success in an increasingly interconnected world. The university is dedicated to fostering International collaboration agenda that embraces diversity, promotes cross-cultural understanding, and facilitates meaningful international collaborations. To this end, UCSF has signed several Memorandum of Understanding (MOUs) with foreign universities, with more partnerships expected in the coming years. Additionally, UCSF aspires to upgrade its status to a full-fledged university by strengthening its academic quality, research, publications, and institutional reputation.

Despite its size as a boutique university, UCSF remains steadfast in its mission as Sabah’s 21st-century university, continuously striving to complement and enhance the state's higher education landscape.

TUN HAJI MOHD. FUAD STEPHENS BORNEO RESEARCH LIBRARY

The library was established to honour the efforts of the former Head of State, Tun Haji Mohd. Fuad Stephens, in enhancing the quality of life for all Malaysians in Sabah, particularly in education and knowledge. It was officially opened on 6 June 1980, by the then Head of State, Tun Haji Mohd. Adnan Robert.

The research library specialises in Borneo-related topics and disciplines, offering resources tailored to the needs of researchers and academicians. It is accessible to the public and supports various programmes, projects, and interests within the Group.

In addition, the library provides training sessions and consultations to government agencies and schools on setting up and managing libraries. Since its establishment, it has been an active member of the Librarians Association of Malaysia and a pioneering member of k@Borneo since 2002.

Roles & Functions

The library’s general roles and functions are to collect, organise, preserve, and provide access to information and resources for education and research.

The Gallery was officially opened on 10 May 2006 as an earnest effort to share the life story and contributions of the late Tun Datu Haji Mustapha bin Datu Harun, who was the Father of Independence of Sabah. It serves as a source of information and reference on the late Tun Datu Haji Mustapha’s life history.

The Gallery features impactful graphic panels, audio-visual technologies and artefacts. It chronicles the late Tun Datu Haji Mustapha bin Datu Harun’s life, from humble beginnings to his illustrious days as Sabah’s former Head of State and Chief Minister. It gives visitors a glimpse into his triumphs and tribulations, with detailed descriptions accompanying the images.

The Gallery is open Monday through Friday, from 8.30 a.m. to 4.55 p.m., except on public holidays.

Collection & Information Development Unit

Functions

Acquisition of materials

Order of materials

Indexing

Cataloguing materials

Publications of materials lists

Materials printing and binding

Library Technologies

Information & Documentation Services Unit

Inter-library loan

References/inquiries

User orientation Digitisation

Type of Collections

Functions

User services

Classify materials

Borneo Books

World Bank

Thesis

YSG Archives

Imbak Danum

Danum Valley

Maliau Basin

Articles

Pamphlets

CD-ROM

Photographs

Maps

Microfilms

Postcards

Slides

Film Strips

Kits

Video Cassettes

Pictured CD

DVD-ROM

Annual Reports

Periodicals

Newspapers

Benchmarking Visit to the Tun Abdul Razak Library, UiTM (Sabah Branch)

Benchmarking Visit to the Sabah State Museum

Organised U-Library Workshop

Visit by SK Bukit Quoin,

Conducted Jom Baca Programme at Home Tuaran Rumah Anak Yatim & Maahad Tahfiz, Tuaran

to Imbak Canyon Studies Centre

Recitation of the Quran in conjunction with Ramadan

Conducted Community Programme at Madrasah Wakaf Islamiah Sabah

Organised OPAC & u-Pustaka Library Workshop at SMK Pekan II, Kota Belud

Organised Blood Donation Programme

Highlights 2024

Library Day Programme

Visit by the Brunei Darussalam Librarian Club

Organised OPAC & u-Pustaka Library Workshop at SM Agama Negeri Islamiah, Papar

Participated in an exhibition in conjunction with the Group’s Occupational Safety and Health Month Opening Ceremony

Conducted Environmental Day Programme at MyMelon

Organised OPAC & u-Pustaka Library Workshop at SMK Seri Nangka, Tuaran

Fixed Asset Inspection at Tun Haji Mohd. Fuad Stephens Borneo Research Library

Participated in InterLibrary Sabah Volleyball Tournament

Aspire 50|50

The library will continue to strive to implement various programmes, enriching its collections, particularly the Borneo Collection and providing an open, comfortable, and safe learning space. Through the Aspire 50|50 Vision, the library aims to achieve balance in its collections. It focuses on collection distribution, space layout, material formats, and acquisition expenditures, strongly emphasising Borneo-related research and reference materials.

Aspire 50|50 is crafted to establish strategic, transparent and easily comprehensible quantitative direction for the library. It stands apart from existing statements outlining the library’s objectives or roles.

The programme was formulated in 2020 to be implemented over five years, from 2021 to 2026, with an impact study scheduled for the first quarter of 2027.

The Aspire 50|50 initiative enhances the library’s Borneo Collection. The key objectives include ensuring that at least fifty per cent of all reference materials are related to Borneo, dedicating fifty per cent of the reference collection’s floor space to the Borneo Collection, and maintaining at least fifty per cent of reference materials in a digital format. Furthermore, no less than fifty per cent of the budget for acquiring monographs will be allocated for reference materials related to Borneo.

The library will continue its efforts to secure additional funding to upgrade its internal infrastructure, aligning with the Group’s position as the leading driver of educational development in Sabah.

Community Capacities Enhancing Rural

SOCIAL DEVELOPMENT PROGRAMMES

Under the supervision of the Chief Coordinator of the Zone Administration’s Office, six Yayasan Sabah zone offices namely, West Coast South Zone (Kota Kinabalu), West Coast North Zone (Kota Marudu), East Coast South Zone (Tawau), East Coast North Zone (Sandakan), Interior South Zone (Beaufort) and Interior North Zone (Keningau) implement the core and support programmes.

The core programme comprises Intellectual and Mind, Sociocultural and Socioeconomic. The support programme includes the Yayasan Sabah Secondary Assistance Scheme, Yayasan Sabah District Hostel, Yayasan Sabah with the People Programme, Iftar Programme, Community Craft Programme, and disaster relief aid (House Fire/Flood Victims).

Core Programme

Support Programme

Yayasan Sabah Secondary Assistance Scheme

RM800,000.00

RM700,000.00

RM600,000.00

RM500,000.00

RM400,000.00

RM300,000.00

RM200,000.00

RM100,000.00

Programmes

Beneficiaries

Expenditure

RM733,261.20

RM595,581.00

RM200,000.00

RM100,000.00

RM80,000.00

RM60,000.00

East Coast North Zone

Programmes

RM500,000.00

RM400,000.00

RM300,000.00

RM200,000.00

Beneficiaries

Expenditure

MOVING FORWARD

The Chief Coordinator of the Zone Administration’s Office, and the Zone offices, will ensure that the programmes at the zone level are implemented efficiently and positively impact the target group.

To ensure that the implemented programmes positively impact the people in terms of intellectual, cultural, and economic development, strategic planning is undertaken to ensure that the programmes cater to all age groups, regardless of race and religion.

By implementing programmes at all levels within the zones, we hope to assist more local communities in improving their living standards and establishing good relations with the Group and other collaborative partners.

Pusat Kraftangan Sabah (PKS) stands as a beacon of hope and progress for Sabah's rural communities. By fostering the growth of handicraft entrepreneurs, PKS is preserving the State's rich cultural heritage and enhancing the quality of life of the rural communities. Over the past decade, PKS has empowered more than 20,000 individuals through the Sabah Natives Special Programme (Program Khas Anak Negeri Sabah, PKAN), providing them with the skills and opportunities needed to thrive.

In a remarkable display of collaboration, PKS works hand in hand with various organisations to elevate the status of Sabah's handicrafts and batik, showcasing their intricate beauty and cultural significance on both local and international stages.

Rural Integrated Craft Heritage Programme (RICH)

Tekun Nasional Keningau Branch

Department of Industrial Development & Research (DIDR)

Malaysian Timber Industrial Board (MTIB)

Bank Rakyat Sabah Region

Dina Consultant & Management

SA Jesselton Lux

Majlis Amanah Rakyat (MARA) Keningau

Unity Solutions

Raw Material Cultivation Programme - Bamboo & Rattan

Faculty of Tropical Forestry, University Malaysia Sabah

Bioxpert Sdn. Bhd.

Unity Solutions

Implementation Coordination Unit (ICU), Prime Minister’s Department

Rural Integrated Craft Heritage (RICH) Programme

Raw Material Planting Programme

HUMAN CAPITAL DEVELOPMENT PROGRAMME

RM1.2 million

RM1.6 million

RM2.8 million

Entrepreneurship Programme – Rural Integrated Craft Heritage (RICH)

The RICH programme emphasises entrepreneurship development to increase the competitiveness of former Craft Training Programme (Program Latihan Kraftangan, PLK) trainees in handicraft production.

15 programmes

202 beneficiaries

RM1.2 million

There are six programmes under the RICH Programme:

1. Community Craft Programme

This initiative, carried out in collaboration with the Zone office, encourages local innovation through communitybased product development trials. It aims to strengthen soft skills, foster creativity, and open up avenues for sales and income generation turning local talent into thriving enterprise.

2. Craft Village Programme

This programme strategically emphasises the development of high-value wood crafts, intricate bamboo weaving, elegant rattan weaving, and contemporary epoxy crafts. By integrating modern technology and creative thinking, the initiative seeks to preserve cultural heritage while pushing the boundaries of craftsmanship. It offers comprehensive support services, including expert mentorship, hands-on training in soft skills and digital business tools, and dynamic platforms for artisans to market and sell their products through curated events, exhibitions, and digital marketplaces.

3. Technology and Design Arena Stage

The Technology and Design Arena Stage is a platform to advance diverse craft art forms, including digital textile design, bag-making, textile sewing, and batik canting. This programme offers comprehensive activities meticulously designed to nurture creativity and market readiness. Participants benefitted from essential soft skills, fostered business digitalisation, and created strategic opportunities for promotion and batik sales. This initiative aims to empower artisans with the tools, knowledge, and exposure needed to thrive in the evolving creative economy.

4. Preneur-Craft Programme

This programme is a strategic initiative designed to cultivate a new generation of craft entrepreneurs through two targeted startup schemes; the Dana Mula Niaga and Jana Dana. The Dana Mula Niaga programme provides essential seed funding to ten carefully selected participants, enabling them to take their first bold steps into craft entrepreneurship.

Building on this foundation, the Jana Dana programme serves as the next phase, offering continued financial and developmental support to help these emerging entrepreneurs scale their businesses, refine their craft, and thrive in a competitive market. These initiatives form a comprehensive pathway from startup to sustainable success in the creative economy.

5. Interim Entrepreneurship Skills Programme (Apprenticeship Programme)

This apprenticeship-based initiative focuses on equipping participants with practical business management skills essential for navigating today’s competitive craft industry. Core areas of emphasis include strategic marketing, such as e-marketing, effective packaging, pricing tactics, and promotional approaches, alongside developing vital soft skills like communication, negotiation, and customer engagement. By blending hands-on learning with real-world business insights, the programme aims to produce well-rounded, adaptable craft entrepreneurs ready to lead with confidence and innovation.

RICH Programme

participants (36.70%)

327 Trainees

In addition to the six core programmes, PKS also implements ad-hoc programmes with strategic partners such as the Department of Industrial Development & Research (DIDR), Sabah Museum, Radio Televisyen Malaysia (RTM), Radio Keningau FM, Tourism Keningau, Malaysian Design Council, SA Jesselton Sdn. Bhd. and Oracle Picture Sdn. Bhd.

RICH Ad-hoc Programme

6 Programmes

120 Participants

RAW MATERIAL PLANTING PROGRAMME – Bamboo & Rattan

Total Cost 2021-2025

RM5.3 million

Budget 2024

RM1.6 million

Located in Yayasan Sabah's concession land, covering an area of 200 acres

6 Programmes 40 Beneficiaries

Programme Scope:

• Site preparation (lining, digging holes, seedling delivery, etc.)

• Training programme, expert services, soft skills, educational visits, and R&D

PKS has established strategic partnerships with key industry players and academic institutions to enhance its expertise and technological capabilities. Working closely with the Malaysian Timber Industry Board (MTIB), the Faculty of Tropical Forestry at Universiti Malaysia Sabah, Bioxpert Sdn. Bhd., Orbena Bamboo, Unity Solution, and Bam & Boo Enterprise, PKS benefits from expert advice, advanced skills, and cutting-edge technology.

This collaboration is essential for driving innovation and maintaining a competitive advantage in the handicraft sector.

Economic & Human Capital Development

RM 411,642.00

Sales from January to December 2024

77 Participants

5 RICH participants were awarded with Malaysian Skills Certificates (SKM) - Level 2 in furniture making

• Puan Julitah Kulinting A former bamboo weaving instructor at PKS

• Awarded Adiguru (Master Craftperson) in Bamboo Weaving by Malaysian Handicraft Development Corporation in 2023.

• Awarded the Cultural Practitioner Award - Ethnic Handicraft Cultural Heritage at the Sabah Ethnic Day Celebration 4.0 in 2024, in conjunction with the 71st Official Birthday of His Excellency Tuan Yang Terutama Yang di-Pertua Negeri Sabah on 16 November 2024 at the Grand Ballroom International Technology & Commercial Centre, Penampang.

• Won the Anteprima x CHAT Contemporary Textile Art Prize 2024 through collaborative work with local artist Yee I-Lann and pandan weaving craftswoman Roziah binti Jalalid on 29 November 2024 in Hong Kong.

AWARDS & RECOGNITIONS

Puan Emily Jeneble

Craft entrepreneur and founder of Seri Elf Enterprise

Awarded the Malaysia Good Design Award 2024 in the Craft Product Category by Malaysian Design Council on 12 June 2024 at Putrajaya.

Awarded the Kasih Women’s Community Award by the Ministry of Women, Family, and Community Development in conjunction with International Women’s Day 2024 on 8 March 2024 at Sunway Pyramid Hotel, Petaling Jaya.

Awarded the Lifetime Achievement Award - Contribution to the Sustainable Development of Craft Sector and Social Inclusion at the 7th International Craft Awards and World Craft Council Order of Merit held on 26 November 2024 in New Delhi, India.

Puan Crisna binti Mojupi

Craft entrepreneur under Craft Community Programme (West Coast North Zone Office)

• Awarded Adiguru (Master Craftsperson) in Embroidered Fabric Art by Malaysian Handicraft Development Corporation in 2022.

• Awarded the Hasanah Gold Threads Award 2024 for Embroidery & Embellishment (Special on 7 September 2024 at Rumah Tangsi, Kuala Lumpur.

MOVING FORWARD

• Establishment of the Craft Cooperative

PKS is dedicated to establishing a craft cooperative to promote the economic development of the craft community in a collaborative and integrated manner. This initiative will unite talent, energy, and capital to produce handicrafts on a larger and more sustainable scale.

• Strengthening Digital Platforms for Broader Reach

PKS aims to leverage cost-effective digital platforms for marketing and promotional opportunities to enhance digital applications and expand its market reach to local communities, nationally and internationally.

• Developing an E-Commerce Strategy for Craft Products

E-commerce is a future direction for PKS in commercialising handicraft products, extending beyond local markets to reach the global market.

• Collaboration with Designers and Artisans

PKS takes a progressive approach by forming strong collaborations with local and international artisans and designers to produce higher-quality products featuring innovative and fresh designs.

• Exploring Initiatives and Government Grants for Entrepreneurship Programmes

PKS aims to fully leverage the opportunities and initiatives the government offers to boost participation in craft entrepreneurship. Government support is crucial for the success of this entrepreneurial agenda, as it helps demonstrate that the craft economy can serve as a powerful catalyst for societal change.

Commercial Undertakings

Innoprise Corporation Sdn. Bhd.

The contributions of the Group to the State of Sabah and its people are not limited to education and social development. It is acknowledged as a pioneer, leader, innovator, and growth facilitator in the commercial and industrial sectors.

Innoprise Corporation Sdn. Bhd. (ICSB) was incorporated in 1988 as an investment vehicle, cum management and holding company of Yayasan Sabah’s group of companies.

Its mission “To Be the Investment Vehicle of Yayasan Sabah’s group of companies for a Better Future of Malaysians in Sabah” is a clear message of its steadfast commitment to fulfilling its corporate objectives in supplementing and complementing the government’s efforts to bring socioeconomic progress to the people.

To sustain its effective role as the main generator of funds for the Group, ICSB has expanded its income generation base from traditional forestry and wood-based sectors to include other productive sectors. It has diversified into businesses such as tourism, agro plantation, as well as oil, gas and energy.

OBJECTIVES OF ICSB

To achieve long-term profitability, asset growth and shareholders’ value while maintaining a stable and sustainable cash flow position.

Investment

Marketing

To achieve market growth and diversification in local and overseas markets for all ICSB products.

Operation

Financial Research & Development

To develop the downstream processing activities in the manufacturing sector and achieve high efficiency, effectiveness and productivity.

To develop an investment portfolio that is diversified vertically and horizontally, providing a desirable return on investment based principally on ICSB strategic resource advantages in timber and land, supplemented by investment in core sectors of agro-plantation, tourism, real estate, oil, gas and sustainable energy.

Human Resource

To achieve high efficiency, effectiveness, professionalism and integrity amongst staff.

To be a leader in forestry, conservation, agro plantation and tourism-based research and development.

3. Benta Wawasan Sdn. Bhd. (BWSB)

6. Arus Sawit Sdn. Bhd. (A JV company of Silam Forest

7. Benta Edible Oil Sdn. Bhd. (A wholly owned company of BWSB)

8. Ikatan Kayangan Sdn. Bhd. (A JV company of Silam Forest Products)

9. Kelola Maju Sdn. Bhd. (A JV company of Silam Forest Products)

10. SAMEL Plantation Sdn. Bhd. (A JV company of BWSB)

11. Sabah Softwoods Hybrid Fertiliser Sdn. Bhd. (A JV company of SSB)

12. Regional Harvest Sdn. Bhd. (A JV company of SSB)

13. B.W. Plantation Sdn. Bhd. (Wholly owned by BWSB)

14. Serijaya Industri Sdn. Bhd. (Wholly owned subsidiary of IPB)

15. K. M. Hybrid Plantation Sdn. Bhd. (A JV Co of SSB)

16. Gerak Saga Sdn. Bhd. (A JV Co of Rakyat Berjaya Sdn. Bhd.)

1. Rakyat Berjaya Sdn. Bhd. (RBJ)

Sabah Melale Wood Industries Sdn. Bhd.

Innovision (PNG) Sdn. Bhd.

4. Sabah Berjaya Sdn. Bhd.

5. Nicohandal Sdn. Bhd. (Wholly owned company of RBJ)

6. RT Plantation Sdn. Bhd. (OP) (A JV company of RBJ)

7. Golden Borneo Palm Sdn. Bhd.

1. Borneo Nature Tours Sdn. Bhd. (BNT)

2. Innoprise Jungle Lodge Sdn. Bhd. (IJL)

3. Tanjong Aru Hotel Sdn. Bhd.

4. Inno Travel & Tour Services Sdn. Bhd. (ITTS)

5. D’Heritage Sdn. Bhd.

6. Convention Hotel Sdn. Bhd.

Agro Fisheries

1. Inno Resource Development Sdn. Bhd. (IRDSB)

2. Sunlight Inno Seafood Sdn. Bhd.

3. Aquadive Discovery Sdn. Bhd.

4. WAF Holding Sdn. Bhd.

Others 9. YSG Bioscape Sdn. Bhd.

1. Kristal Handal Sdn. Bhd.

2. Borneo Security Centre Sdn. Bhd.

3. Sunwise Crystal Sdn. Bhd.

4. Sinora Particle Board Sdn. Bhd.

5. Norsechem (Sabah) Sdn. Bhd. (NSSB)

6. YSG Silica Sdn. Bhd.

7. Innoprise Wood Products Sdn. Bhd.

8. Inno Aura Silica Sdn. Bhd.

To ensure that ICSB can consistently provide financial contributions to Yayasan Sabah, all ICSB subsidiary companies need to generate optimum profits so that dividends can be paid to ICSB. This will enable ICSB to provide the financial support required by Yayasan Sabah. Therefore, ICSB will closely monitor its subsidiary companies’ performance to ensure that their performance continues improving.

The Special Management Committee (SMC) will continuously pursue strategic business opportunities and investments to diversify ICSB’s business portfolio. The initiative is intended to generate sustainable value and enhance the stability and growth of ICSB’s dividend income, thereby strengthening its financial contribution to Yayasan Sabah.

YAYASAN SABAH CONSERVATION

Activities

Yayasan Sabah Forest

The Group exemplifies exemplary forest management by integrating conservation efforts across protected landscapes. The Group’s leadership in conservation is evident in its stewardship of globally significant protected areas, including the Danum Valley, Maliau Basin, and Imbak Canyon conservation areas, alongside the ecologically critical Taliwas River and Silam Coast ecosystems. Within its Class I Protection Forest Reserves, the Group has pioneered cutting-edge conservation initiatives such as the INIKEA Project for biodiversity rehabilitation and the INFAPRO Project for carbon sequestration. The Forest Carbon Project in Northern Kuamut further underscores the Group’s commitment to climate solutions. These efforts are reinforced by adopting Reduced Impact Logging (RIL) techniques, which establish new benchmarks for sustainable timber extraction while safeguarding adjacent conservation areas.

CONSERVATION AREA

Management Area

1:440,000 N W E S Activities within

In its Class II Commercial Forest Reserves, the Group demonstrates the potential for responsible timber production and forest conservation to coexist under stringent sustainability protocols. Meanwhile, the pristine ecosystems of the Group’s Class VI Virgin Jungle Reserves remain safeguarded, serving as natural benchmarks for scientific research and ecological preservation.

The strategic integration of protection and production within the Group’s management approach has positioned Yayasan Sabah Group as a global model for tropical forest management. Through this balanced approach, which prioritises the conservation of critical biodiversity and the support of sustainable livelihoods, the Group ensures the continued vitality of Sabah’s forests. These efforts preserve their renowned ecological value and contribute meaningfully to global climate mitigation strategies.

Establishing Buffer Zones 1 and 2 around the Danum Valley, Maliau Basin, and Imbak Canyon conservation areas significantly advances biodiversity protection and promotes sustainable land-use practices. Buffer Zone 1 is a vital protective perimeter, effectively limiting high-impact activities and permitting only regulated forest research and eco-tourism initiatives. This zone is crucial in minimising human-induced disturbances and preserving the ecological integrity of these globally significant conservation areas. In contrast, Buffer Zone 2 facilitates controlled development, fostering community-based conservation initiatives and promoting responsible resource management. This zone enables local communities to engage in sustainable practices, contributing to conservation and economic well-being.

Conservation Area Zoning

1:440,000

Together, these buffer zones provide a robust framework that ensures the long-term ecological stability of Sabah’s premier conservation areas. Integrating these zones aligns with a holistic approach that balances the preservation of biodiversity with socio-economic needs. This strategy enhances environmental stewardship and underscores a commitment to sustainable forest management and the long-term viability of Sabah’s unique natural heritage, setting a precedent for integrated conservation in tropical landscapes.

Bornean Wildlife Paradise DANUM VALLEY CONSERVATION AREA

The Danum Valley Conservation Area (DVCA) has a total area of 298,942ha, with 43,800ha of undisturbed forest. The DVCA is one of Southeast Asia’s largest and best-protected expanses of near-pristine lowland forest, and it is one of the most important protected areas in the Old World tropics.

The Danum Valley Studies Centre (DVSC) is located on the edge of DVCA. The research, training, environmental education and nature tourism facilities opened in 1986.

DANUM VALLEY MANAGEMENT COMMITTEE

The Committee’s primary role is supervising the area’s protection and development. The Committee is responsible for planning, coordinating, facilitating, monitoring and evaluating the conservation area’s management objectives.

Ministry of Tourism, Culture, and Environment

RESEARCH

As of 2024, 680 researchers had completed or were working on projects related to Danum, comprising post-doctoral (176), PhDs. (269), Master’s (104), Bachelor’s (46) and others (145). The breadth of research areas studied shows the comprehensive approach used to understand and preserve the ecosystem and communities in the Danum Valley.

- 2024

PhDs. and Masters thesis completed

collaborative research projects

scientific journals, books, and popular media publications, including two symposium volumes of the Philosophical Transactions of The Royal Society in 1992 and 1999

A HAVEN FOR FLORA & FAUNA

This primary virgin rainforest boasts one of the most diverse ecosystems on Earth and stands as one of the most ecologically essential forests worldwide.

2,478

Species of Plants

7

Species of Pitcher Plants

At least 806

Species of Trees

15

Species of Orchids

121

Species of Mammals (including rare Primates like the Bornean Orangutan, Proboscis Monkey, and Sunda Clouded Leopard) At least

At least

56

Species of Amphibians

73 At least

Species of Reptiles

At least

338

Species of Birds

73

Species of Fishes At least

PATROLLING & SURVEILLANCE

Throughout 2024, 140 patrolling activities were carried out in DVCA. Most of the patrolling activities were routine patrolling from DVSC to the gate at KM55. Overall, no suspicious incidences or evidence of human encroachment were found.

HOSPITALITY & RECREATION

The DVSC was created to accommodate various visitors, including researchers and organised groups of school children participating in Environmental Educational Programmes (EEP). Aside from these, the Centre occasionally receives officials and tourists interested in natural history and general interest tourists. Tourists who prefer luxury accommodation and service are recommended to stay at Borneo Rainforest Lodge (BRL), as DVSC also functions to complement BRL. Since the opening of DVSC in 1986, the number of visitors has generally increased, except for a few years when the numbers dropped significantly for specific reasons.

Visitors to DVSC

(1987 - 2024

103,148

Visitors

Number of Visitors

Cumulative Number of Visitors

For DVSC, from 1987 to 2002, the number of visitors arriving showed an increasing trend. However, in 2003, the number of visitors dropped due to the SARS outbreak, which also affected Malaysia’s tourism industry. From 2004 to 2010 the graph shows a steady increase in visitors’ arrival at the Centre. In 2010, a special EEP was conducted through the Conservation Fund. The programme contributed to the high number of arrivals to Danum Valley that year.

The issuance of a travel advisor following the Tanduo standoff caused a decrease in arrivals to Danum Valley in 2013, while the COVID-19 pandemic caused a decline in arrivals in 2020 and 2021. Recovering from the effects of COVID-19, 2023 recorded the highest number of visitor arrivals at DVSC, with a total of 4,612 arrivals. However, in 2024, the number of arrivals decreased to 4,063.

A similar pattern has also been seen for BRL since its opening in 1994. On 3 February 2020, the first positive case of COVID-19 in Malaysia was reported. As positive cases increased, the Malaysian Government enforced the Movement Control Order (MCO) effective 18 March 2020. Following that, the number of visitors to BRL dropped significantly in 2020 and 2021. In 2022, the tourism industry was slowly increasing. Local tourism activities were active, and more countries opened their boundaries to allow international tourists.

By 2023, this upward trend continued, with the number of visitors rising to 5,035, reflecting an increase in local and international travel as more countries eased their travel restrictions and Malaysia’s tourism sector continued its revitalisation efforts. In 2024, the number of visitors further increased to 5,300.

17-19 January

Special Environmental Education Programme (SEEP) with participation from SK Terusan, Lahad Datu.

7-9 February

Special Environmental Education Programme (SEEP) with participation from SMK Madai, Kunak.

2024 HIGHLIGHTS

2-4 February

Special Environmental Education Programme (SEEP) with participation from SK St. Stephen, Lahad Datu.

14-16 February

Special Environmental Education Programme (SEEP) with participation from SMK Segama, Lahad Datu.

23 March

Joint Patrolling with other agencies (Sabah Wildlife Department & WWFMalaysia) surrounding Danum, Taliwas and Kawag areas.

26-30 April

Social Impact Assessment (SIA) survey at Kampung Tampenau, Kampung Upak, Kampung Tawaiyari and Kampung Bukit Belacon. The purpose of the survey was to access the impact of the development and management of the DVCA on these villages.

27-28 August

Spatial Monitoring & Reporting Tool (SMART) Training at DVSC.

11-12 October

Participated in Karnival Teduh Bersama, SK Sahabat II, a public Awareness event.

18 May

Social Impact Assessment survey at Kampung Lituk Pulau Lahad Datu. The purpose of the survey was to assess the impact of the development and management of the DVCA on the villages.

6-26 September

Field Course with Cambridge University & Swansea University.

13-15 December

Special Environmental Education Programme (SEEP) with participation from SK St. Dominic, Lahad Datu.

MOVING FORWARD

Administration & Finance

As part of its capacity-building initiatives, the Group is committed to enhancing staff skills to gain knowledge, deliver tasks, and manage the area efficiently. Secondly, the Group is establishing a sustainable financial plan and revising the DVCA Strategic Management Plan 20232032. In all cases, strong preference will be given to activities that involve minimal risk to the DVCA while yielding maximum benefits, including financial benefits, for conservation.

Development & Maintenance

The Group is innovatively promoting clean energy by initiating a plan for renewable energy resources at the studies centre and research stations. This not only aligns with our conservation goals but also helps to reduce the Centre’s operational costs.

Conservation, Research & Protection

The Group will continuously update information on DVCA’s flora, fauna, climate, hydrology, and geomorphology for future study references.

Meanwhile, based on the lessons learned from the DaMaI initiative, the Group will enhance patrolling and monitoring activities to protect the area.

The Group is also actively pursuing the Green Listing of the International Union for Conservation of Nature (IUCN) - an international benchmark for quality that motivates improved performance and achievement of conservation objectives.

With a total area of 173,015ha and 58,840ha out of it is a pristine forest, Maliau Basin’s core area looks like a giant crater bounded by a formidable slope that reaches a height of more than 1,700 meters above sea level.

Maliau Basin Conservation Area

Enchanting Lost World of Borneo

Maliau Basin Conservation Area (MBCA) is one of Malaysia’s most exceptional wilderness areas with outstanding natural features, such as the majestic seven-tiered Maliau Falls, breathtaking Takob-Akob Falls and many other spectacular waterfalls seamlessly warrant such an accolade.

The Maliau Basin Studies Centre (MBSC) features research, education, training, volunteerism, and ecotourism facilities. Eight research stations and ranger camps support these activities. Introducing renewable energy at MBSC minimises operating costs, prioritising activities with minimal risk and maximum benefits, including financial gains for conservation.

Efforts include monitoring endangered wildlife and focusing on Bornean Banteng and Bornean Pygmy Elephant habitats, behaviours, and threats. Environmental Education (EE) cultivates appreciation of nature and generates revenue. Hospitality activities offer sustainable financing with ongoing Global Sustainable Tourism Council accreditation.

MBCA is accessible by road from Kota Kinabalu via Keningau or Tawau via Kalabakan, approximately 200 kilometres from Tawau and 175 kilometres from Keningau.

173,015ha CLASS 1 (Protection) Forest Reserve with 58,840ha of Maliau Basin core area as pristine forest

MALIAU BASIN MANAGEMENT COMMITTEE

The Committee’s primary role is supervising the area’s protection and development. The Committee is responsible for planning, coordinating, facilitating, monitoring and evaluating the conservation areas’s management objectives.

Ministry of Tourism, Culture, and Environment

RESEARCH

As of 2024, 459 researchers had completed or were working on projects related to Maliau, including post-doctoral (67) and PhDs. (104), Master’s (121), Bachelor’s (32) and others (135). The research covers various subjects such as flora, fauna, climate, hydrology, phenology, geomorphology and community.

Number of Researchers (as of 31 December 2024)

(1997-2024) 459

Researchers

A HAVEN FOR FLORA & FAUNA

MBCA is a botanical resource of immense value. It serves as a last refuge for many species lost in other areas due to habitat disturbance. Although only a fraction of the species were identified, the known species count is significant. Many of the species found in Maliau are rare and endemic to Sabah or Borneo, with some being exclusive to Maliau.

PATROLLING & SURVEILLANCE

Joint patrols were carried out in collaboration with various other authoritative agencies, such as the Sabah Forestry Department, Royal Malaysia Police (PDRM), Sabah Wildlife Department, and WWF-Malaysia, ensuring rigorous enforcement in the area. Additionally, MBCA staff patrol day and night in the Maliau Buffer Zone to ensure maximum security.

The Khazanah Integrated Operation (Operasi Bersepadu Khazanah) was an initiative by PDRM to enforce and coordinate efforts to combat wildlife crime, and the Group’s MBCA’s DaMaI Patrolling Team and other prominent organisations joined hands in this crucial effort. Any attempts to undermine the area’s safety and security were handled strictly and promptly.

HOSPITALITY & RECREATION

MBCA’s ecosystems are valuable knowledge sources that generate various sustainable benefits for Sabah, Malaysia, and the world. In all instances, activities that involve minimal risk to the MBCA while providing maximum benefits, including financial benefits, for conservation will be prioritised.

Following National and State policies, recreational tourism at MBCA will be implemented to enhance opportunities to increase the number of visitors, create awareness of the significance of MBCA through the Environmental Education Programme, provide employment opportunities among local communities from adjacent areas, and optimise revenue. These will be achieved while maintaining the wilderness character of MBCA and its tourism opportunities.

Maliau Basin Wildlife and Resources Survey

13 to 26 May 2024

Over 100 participants, including eminent researchers, representatives from government agencies, and supporting personnel such as rangers, logistics teams, guides, and field assistants, explored the biodiversity and abundance of natural resources in the Maliau Basin during the survey. Nine campsites were identified for the survey, and participants were allocated strategically to ensure comprehensive coverage within a five-kilometre radius.

This significant initiative, spearheaded by the Sabah Wildlife Department, is supported by an esteemed organising committee comprising key stakeholders such as the Sabah Forestry Department, Sabah Parks, WWF-Malaysia, Sabah Environmental Trust, Sabah Tourist Guides Association and various universities.

This marks the second iteration of the survey, following the initial one conducted in 2013. The 2024 survey successfully met several critical objectives, including compiling data for the MBCA Strategic Management Plan, documenting wildlife abundance and distribution, identifying possible tourism developments, and formulating research questions for future explorations.

This collaborative effort represents a significant advancement in the conservation and sustainable management of the Maliau Basin, one of Borneo’s most ecologically rich wilderness areas. Often referred to as Sabah’s Lost World, its remote and largely uncharted terrain inspires scientific discovery, deepens environmental understanding, and reinforces the urgent need to protect this natural heritage for future generations.

14 November 2024

Officiated by the Assistant Minister to the Chief Minister of Sabah, Datuk Abidin bin Madingkir, the seminar served as a platform to unveil the latest findings from the MBCA, reinforcing ongoing conservation efforts in Sabah.

The seminar provided an opportunity to share compelling insights from the 14-day survey, including updated data on species distribution, emerging wildlife threats, and the area’s potential for sustainable ecotourism development. A key highlight was the presentation of findings from all nine survey campsites, each offering unique perspectives based on their respective zones, ranging from wildlife sightings and habitat characteristics to cultural encounters and resource mapping.

2024 HIGHLIGHTS

13 June 2024

22 - 26 July 2024

Conservation and Environmental Management Division Quarterly Meeting: 4th Quarter 2023 – 2nd Quarter 2024.

22 - 25 October 2024

January-December 2024

MOVING FORWARD

Administration & Finance

• Enhance staff capacity through targeted training to produce skilled employees and increase work efficiencies in administration, finance, engineering, forest management, and tourism services (e.g., nature interpretation and guiding, front office, and housekeeping).

• Ensure full compliance with legal requirements, including licensing for guides and transportation.

• Prioritise low-risk, high-impact activities that support MBCA’s conservation and financial sustainability.

Maintainance & Development

• Improve accessibility through upgraded trail systems and infrastructure, including gazebos, toilets, and bridges.

• Transition to renewable energy sources (solar, wind, low-impact small hydroelectric sources) at the study centre and research station to reduce operational costs and promote environmental awareness.

Conservation, Research & Protection

• Draft a new 10-year Strategic Management Plan (2024–2033), incorporating 2024 Wildlife and Resource Survey data.

• Strengthen patrolling and monitoring, guided by insights from the DaMaI initiative.

• Encourage research and internships, with students conducting mini-projects to develop critical thinking while contributing to the Group’s research database.

• Reinforce MBCA’s role as a core research and training hub through the renewed MoU with the Nordic Rainforest Research Network (NRRN).

Hospitality & Recreation

• Develop the Maliau, Kuamut, Pinangah, and Inarad Tourism Zones based on findings from the 2024 Wildlife and Resource Survey.

• Formulate a 5-year action plan to expand eco-tourism activities.

• Launch targeted eco-tourism packages tailored to diverse visitor groups, combining forest trekking and leisure at the study centre.

Nestled within the heart of Sabah, the Imbak Canyon Conservation Area (ICCA) unfolds across an expansive 130,934ha, with an impressive 27,599ha dedicated to pristine, untouched virgin forest reserves. This carefully preserved sanctuary owes its existence to dedicated scientific expeditions that unveiled a treasure trove of biodiversity and conservation significance, all set against a backdrop of unparalleled geomorphological uniqueness.

In the northern reaches of the Canyon, a captivating expanse of lowland forest unfolds, cradled by the embrace of towering sandstone ridges that soar to heights of up to 1,000 meters. Contrasting this, the southern domain reveals a rugged mountainous terrain dominated by the majestic pinnacle of Gunung Kuli, proudly standing at an elevation of 1,527 meters.

Winding through the Canyon, the Imbak River orchestrates the creation of stunning cascading waterfalls, forming a natural spectacle. A tributary, the Kangkawat River, originating from the slopes of Gunung Kuli to the south, joins the Imbak River before gracefully merging at the Valley's lowest point. Near the Imbak Canyon Studies Centre (ICSC), the combined waters join forces with the mighty Kinabatangan River.

The evolution of ICCA into a beacon of conservation was made possible through robust collaborations with local and international entities. PETRONAS, a key contributor to this endeavour, assumed a pivotal role by constructing the ICSC and providing substantial funding for diverse conservation initiatives through the Yayasan Sabah Group-PETRONAS Imbak Canyon Conservation Partnership. Furthermore, PETRONAS' generous support extended to the formulation of the Imbak Canyon Strategic Management Plan, underscoring its unwavering dedication to the growth and sustainability of ICCA.

IMBAK CANYON

The Bornean Hidden Valley

130,934ha CLASS 1 (Protection) Forest Reserve with 27,599ha of Imbak Canyon core area is pristine forest

IMBAK CANYON MANAGEMENT COMMITTEE

At the helm of Imbak Canyon's custodianship stands the Imbak Canyon Management Committee, meticulously steering the course of protection and advancement within this remarkable domain. The Committee shoulders the weighty responsibility of envisioning, harmonising, fostering, vigilantly observing, and appraising the attainment of the conservation area's strategic management goals.

Researchers (1997-2024)

As of 2024, 89 researchers had completed or were working on projects related to Imbak. The research covers various subjects such as flora, fauna, climate, hydrology, geomorphology and community.

A HAVEN FOR FLORA & FAUNA

Nestled within the heart of Sabah's pristine landscapes, the ICCA emerges as an ecological treasure trove, captivating the senses with its rich tapestry of life. In embracing this verdant sanctuary, nature unfolds in unparalleled diversity, showcasing a symphony of flora and fauna that beckons exploration and preservation.

ICCA invites you to delve into its captivating realms, where every species, every leaf, and every rustle in the undergrowth contributes to the harmonious symphony of life, awaiting discovery and safeguarding for generations to come.

796 At least Species of Plants 79

Species of Dipterocarps At least

At least

Species of Orchids

Species of Endemic plants including

Species of Mammals 82 At least

Species of Birds 242 At least

In 2024, meticulous and comprehensive patrols conducted on foot, by vehicle, or through a combination of both reflected an unwavering commitment to conservation. Patrols were strengthened through collaboration between the Group and the Sabah Forestry Department (SFD), with the DaMaI Patrol/Ranger Team leading vehicle patrols and occasionally undertaking overnight foot patrols. Wildlife monitoring efforts were further enhanced by installing camera traps and using drones, generously provided by Yayasan Petronas.

These surveillance measures were also integrated into the Imbak Canyon Wildlife & Resource Survey conducted in early September, which saw the involvement of external groups, further reinforcing the collective effort to safeguard Sabah’s natural heritage.

HOSPITALITY & RECREATION

ICCA receives a broad range of visitors in nature tourism, familiarisation visits, meetings, training, EE programmes and research activities.

Visitors to ICCA

14,821 (2005-2024)

"Imbak Canyon is indeed Malaysia's most

beautiful treasure"

- Maya Karin, Actress

22 February 2013

2024 HIGHLIGHTS

14-17 December

Outreach Programme at SMK Tongod.

3-15 September

26-29 May

Imbak Canyon Environmental Education Programme with participation from SMK Entilibon, SMK Penangah, SMK Telupid, and SMK Tongod.

Imbak Canyon Wildlife and Resources Survey

During the survey, approximately 150 participants, including eminent researchers, government agencies, and supporting personnel, explored the biodiversity and abundance of natural resources in the Imbak Canyon. Seven campsites were identified for the survey, and participants were allocated to ensure comprehensive coverage within a 2km radius.

This significant initiative, spearheaded by the Sabah Wildlife Department, is supported by an esteemed organising committee comprising key stakeholders such as the Sabah Forestry Department, Sabah Parks, WWF-Malaysia, Sabah Environmental Trust, and several universities such as the Universiti Malaysia Sabah and Universiti Teknologi MARA.

This marks the second survey conducted in Imbak Canyon, following the initial survey in 2012. The survey achieved critical objectives, including compiling data for the ICCA Strategic Management Plan, documenting wildlife abundance and distribution, assessing potential threats such as poaching and forest fires, evaluating impacts from surrounding land use, identifying possible tourism developments, and formulating research questions for future explorations.

Imbak Canyon, one of Sabah's last remaining substantial unlogged lowland dipterocarp forests, is nestled in the heart of Borneo. Beyond its role as a vital water catchment area for the Kinabatangan River, the longest river in Sabah, the canyon is an essential wildlife corridor

linking the Danum Valley to the Maliau Basin. This ecological connection not only sustains biodiversity but also supports the survival of numerous species, highlighting the pressing need to protect this irreplaceable natural treasure. The survey findings further emphasise that preserving Imbak Canyon is essential for maintaining ecological balance and securing the future of conservation efforts in the region.

12-14 December

Imbak Canyon Conservation Area Open Day

The three-day open-day event, jointly organised by the Group, Sabah Forestry Department, Sabah Wildlife Department, and the Sabah Environmental Trust, aimed to raise awareness and promote action for the preservation of one of Borneo’s most precious ecosystems—the Danum Valley-Maliau Basin-Imbak Canyon (DaMaI) Rainforest Landscape. The event was officiated by Encik Hanafiah Diman, Corporate Secretary of Yayasan Sabah, who represented the Director of Yayasan Sabah.

The open day saw an enthusiastic turnout of 200 visitors. It featured various engaging activities, including a briefing on Imbak Canyon’s potential as a UNESCO World Heritage site, site visits to key attractions, an interactive Kupi Kupi session, video screenings, and a guided tour of the stunning Imbak Falls.

This programme is part of a broader initiative to educate communities about the DaMaI Rainforest Complex. It fosters a deeper understanding of its ecological significance and ensures its preservation for future generations.

Recognising the importance of engaging the public and local communities in conservation efforts, the Group is committed to implementing more community-based initiatives to raise awareness and drive the conservation of the DaMaI Rainforest Landscape for generations to come.

As Imbak Canyon’s conservation journey progresses, 2024 marks a pivotal year for implementing key infrastructure and facility improvements. Building on the strong foundation established in previous years, this year focuses on upgrading the region’s infrastructure to support sustainable conservation efforts, enhance visitor experiences, and ensure long-term stewardship of the area.

Key projects include the development of the Tampoi Research Station Campsite, renovations at the Tawawo Resthouse, and improvements to the Dining Hall in Gunung Kuli Research Station. These initiatives are designed to create more accessible and comfortable spaces for visitors and researchers, providing a sustainable way to engage with the natural beauty of Imbak Canyon.

In tandem with these developments, the access route to the Imbak Canyon Learning Centre (Bukit Neves) is receiving critical upgrades. The walkways are being cemented for better accessibility, while the drainage system is being enhanced to prevent erosion and maintain the integrity of the trail.

These efforts are part of a comprehensive vision for the future of Imbak Canyon, ensuring that the area remains a beacon of natural beauty, ecological research, and sustainable tourism for generations to come. Imbak Canyon’s infrastructure is being thoughtfully developed through these initiatives to support conservation while fostering deeper engagement with its rich biodiversity and unique landscapes.

TALIWAS RIVER CONSERVATION AREA

Refreshing and Rejuvenating Rainforest Eden

The Taliwas River Conservation Area (TRCA) is about 36 kilometres from Lahad Datu town and 45 kilometres east of the Danum Valley Conservation Area (DVCA). TRCA encompasses a large forested area stretching from Sungai Segama to the adjacent Sapagaya Forest Reserve (including Bukit Silam) and the Kawag-Gibong Virgin Jungle Reserve (VJR) near the coast.

The Group established the Taliwas River Studies Centre (TRSC) to facilitate activities at Taliwas, which includes several infrastructures and facilities, including a nursery and a dipterocarp tree arboretum. TRSC research activities have been integrated with recreation and ecotourism initiatives to optimise the Centre’s use.

TRCA is a perfect place for visitors to enjoy pleasurable experiences due to its unique flora vegetation, beautiful serene lake, and crystal-clear river. TRCA also offers the chance to see wildlife, such as birds, mammals and reptiles, as well as discover unique plants around the area.

It now aims to serve as a biodiversity conservation gene bank, besides providing the public with facilities and services for nature recreational activities and a venue for Environmental Education Programmes for students.

CLASS 1 (Protection) Forest Reserve 9,546 ha

FLORA AND FAUNA

The table below displays the monthly counts of fauna found in the TRCA in 2024 by each month. There are two types of observation: night drive wildlife observation and daily wildlife observation:

January

February

March

April

Daily wildlife observation

May

Daily wildlife observation

June Daily

July

Daily wildlife observation

August

September

Daily wildlife observation

NO. DATE

1. At all times TRCA Long Tailed Macaque/Macaca Fascicularis In a group

2. Monitor Lizard/Varanus Varius 2

October

Daily wildlife observation

NO. DATE LOCATION WILDLIFE

1. At all times TRCA Long Tailed Macaque/Macaca Fascicularis In a group

2. 12/10/24 Monitor Lizard/Varanus Varius 1

November Daily wildlife observation

NO. DATE LOCATION WILDLIFE

1. At all times TRCA Long Tailed Macaque/Macaca Fascicularis In a group

December Daily wildlife observation

2. Monitor Lizard/Varanus Varius 2 NO. DATE

1. At all times TRCA Long Tailed Macaque/Macaca Fascicularis In a group

2. Monitor Lizard/Varanus Varius 2

3. 4/12/24 KM18 Bornean Pygmy Elephant In a group

4. 30/12/24 TRCA

PATROLLING & SURVEILLANCE

Throughout 2024, the Group together with the Sabah Forestry Department and Sabah Wildlife Department (under the DaMaI Patrolling & Monitoring Initiative, funded through Sabah Environmental Trust) carried out 70 joint patrolling activities in TRCA. Most of the patrolling activities were routine from TRCA to gate KM55.

Visitors

TRCA’s visitor count steadily increased when the MCO was lifted in 2022, and this pattern continued throughout 2023. In 2024, the total number of visitors increased to 2,546, making it the highest recorded across all years and continuing the upward trend.

OUR PARTNERS

CSIRO (Australia Seed Centre) Studies on Eucalyptus pelita.

Sabah Forestry Department Cirad Foret (France Forestry & Agriculture Research Institution) Studies on Eucalyptus pelita.

JIRCAS of Japan

Studies on the control of insect borders using pheromones on Mohagany (Swietenia. macrophylla).

12 – 14 January 2024

Sabah Triton Expedition organised Lahad Datu Camp Meet 1.0 at TRCA.

5 – 8 March 2024

2024 HIGHLIGHTS

6 March 2024

Occupational Safety and Health Internal Audit by the Security and Enforcement Division (Occupational Safety and Health Section).

Sabah Nature Club (SNC) conducted a Team Building Course for staff as part of the ‘Train the Trainer’ programme.

10 March 2024

Sabah Forestry Department conducted the collection of dipterocarp seeds for conservation and reforestation efforts.

Environmental Education Programmes

EEP – Kembara Rimba Taliwas

10 May – 25 November 2024

TRCA and SEARRP jointly organised a series of EEP – Kembara Rimba Taliwas from May to November 2024. Over 900 students and teachers from Tawau, Sandakan and Lahad Datu districts participated in the programme.

10 – 12 May 2024

SMK Agaseh, Lahad Datu

12 – 14 July 2024

SMK Tungku, Lahad Datu

19 – 21 July 2024

SMK Desa Kencana, Lahad Datu

2 – 4 August 2024

SMK Sepagaya & SMK Segama, Lahad Datu

2 – 4 August 2024

SMK Bukit Garam II, Kinabatangan

2024 HIGHLIGHTS

19 – 21 July 2024 SM ST Dominic, Lahad Datu

23 – 25 August 2024

SMK Terusan & SMK Agaseh, Lahad Datu

2 – 4 September 2024

SM Visi, Tawau

27 – 29 September 2024

SMK Desa Kencana, Lahad Datu

11 -13 October 2024

SK Lahad Datu IV & SK Payang

22 – 25 November 2024

9 – 10 December 2024

22 – 25 November 2024

MOVING FORWARD

Administration and Finance

TRCA’s strategic goals, which encompass becoming a prime conservation area for research, training, education, and protection of forests, are of significant importance. These goals, including biodiversity enhancement, water catchment for Lahad Datu, and climate mitigation, are biologically crucial and reflect our commitment to the environment. A five-year projection, detailing the method and time frame for achieving these goals, will be prepared to ensure Taliwas has the guidelines and a timeline for achieving the goals, demonstrating our dedication to transparency and accountability.

The Group is committed to transitioning to a sustainable financial model in its daily operations. This shift involves considering Environmental, Social, and Governance (ESG) factors in our investment decisions, leading to more long-term investments in sustainable economics and projects. This approach ensures our financial stability and underscores our commitment to responsible and sustainable practices, providing stakeholders with confidence in our operations.

The Group also plans to invent a green power supply method as a subset of renewable energy and represent those renewable energy resources and technology that provide the highest environmental benefit to the environment, such as solar power, wind, geothermal, biogas, eligible biomass, and low-impact small hydroelectric sources. TRCA will also enlist in the green list status and get a certificate from the Global Sustainable Tourism Council (GSTC).

Hospitality and Recreation

Since 2009 until 2024, TRCA has accumulated 22,019 visitors locally and internationally. This indicates that TRCA could be a tourist site destination, potentially attracting many other collaborators and properstive parties to collaborate with Taliwas.

The Group has established a unit that promotes TRCA as a tourism destination and will develop a five-year plan for TRCA’s eco-tourism promotion. This includes creating and promoting packages for Taliwas and becoming an expert on the packages, such as environmental education and camping activities.

Development and Maintenance

The Group plans to upgrade the current facilities, including the camping site, hostel, and surrounding amenities. Their goal is to become one of the best camping sites in Sabah and a leading EEP site. The Group also intends to construct additional visitor facilities.

Silam Coast Conservation Area

Where the wildlife of land and sea meet

A Research Centre for Marine & Mangrove Ecosystem

Silam Coast Conservation Area (SCCA) is located on the east coast of Sabah. Unlike the other conservation areas, SCCA is a coastal forest surrounded by crystal clear seawater and mangrove forests.

The area is one of the few remaining relatively undisturbed coastal forests in Sabah. It is established for conservation, research, education, public awareness, training as well as nature recreation.

1,782.56 ha Conservation Area

FACILITIES & ACCOMMODATION

Several developments have been done in SCCA since the Group began to manage it in 2003 as a conservation area. Among them are the construction of the Shell Silam Coast and Reception Building, staff quarters, researcher’s quarters, jetty, resting hut, public washroom, viewing platform, and staircase for trekking and hiking.

Besides infrastructures, SCCA has also established a few trails such as the coastal and five-peak trails. SCCA is the latest eco-recreation destination in Lahad Datu. It offers many activities to visitors, such as hiking, trekking, birdwatching, snorkelling, kayaking and venue for events.

In 2024, two research studies were carried out in the SCCA since 2023.

These research endeavours were carried out through the collaborative efforts of the Group with various government departments, non-governmental organisations, and academic institutions. The primary with objective of these activities was to explore and study the SCCA, focusing on its ecological landscape and biodiversity.

Although no new species of flora or fauna were discovered during this period, the research conducted since 2023 has significantly contributed to the ongoing conservation and preservation initiatives within the SCCA.

The studies are as follows:

NAME TITLE

Habibah Mohd Yusah Census on population density and distribution of Proboscis Monkey (Nasalislarvatus)in SCCA, Sabah

Julika Winterstein Socio-ecological baseline study for a restoration site in the SCCA, Sabah

A HAVEN FOR FLORA & FAUNA

Despite being a degraded forest, SCCA recorded a significant amount of biodiversity. The Group made several efforts and activities, such as scientific expeditions, seminars, and funding applications to establish and develop SCCA for conservation, research, education, public awareness, training, and nature recreation.

Species of mammals 25

147

Species of reef fishes

57

Genera of corals

1

Genus of snake

6

Species of insects

40

Species of marine invertebrates

>60

Species of birds

63

Species of mangrove trees

100 including

Species of trees

PATROLLING & SURVEILLANCE

Throughout 2024, SCCA rangers conducted 11 comprehensive patrolling and surveillance activities in SCCA and its surrounding areas. These activities extend beyond the terrestrial area, encompassing the marine boundary area proposed for SCCA. The major threat encountered during terrestrial patrolling is the encroachment of the SCCA boundary by illegal settlers and orchards or plantation owners. Illegal poaching incidents are rare in SCCA. In the marine area, the frequent threat encountered is trawler vessels close to the SCCA coastal area. In addition to the patrolling activity, SCCA staff monitor the Tumunong Hallo rehabilitation plot.

Patrolling & Surveillance Activities

HOSPITALITY & RECREATION

The number of visitors to SCCA has shown resilience, increasing from 2016 to 2019. Despite a decline in 2020 due to COVID-19, it steadily rose two years after the pandemic. This increase can be attributed to active social media promotion and partnerships with local adventure groups. Hiking and trekking activities are popular among locals, and SCCA is a preferred venue for outdoor programmes due to its easy accessibility from the main road. By 2024, visitor numbers reached a record high of 42,077, reflecting the continued success of these initiatives and the growing demand for nature-based recreational activities.

Visitors

Visitors to SCCA

42,077

SHELL Malaysia

In 2010, SHELL Malaysia contributed RM350,000 to construct the SHELL Silam Coast Reception and Information Building which serves as a management office, classroom for environmental education, and exhibition gallery.

Further to that, the Group successfully organised a scientific expedition, seminar, and stakeholder's forum to garner information and stakeholders'

input on establishing SCCA in 2015. SHELL Malaysia provided the Group RM116,044.98 to fund the programmes.

Sabah State Government

In December 2020, the Group managed to obtain the 12th Malaysia Plan fund of RM800,000 from the Sabah State Government through the Sabah Forestry Department to formulate SCCA First Strategic Management Plan. This project is expected to be completed in 2025.

Sabah Environmental Trust (SET)

Under the 12MP fund to formulate SCCA First Strategic Management Plan, the Group has appointed the Sabah Environmental Trust (SET) as its consultant. SET will assist the Group in planning and conducting programmes and preparing the strategic management plan document. A Memorandum of Agreement with SET was signed on 10 December 2021 to effect the appointment.

Danum Valley Management Committee

The DVMC had contributed for Special Environmental Education Programme and four units of boats to SCCA. The boats are utilised for patrolling, research, and environmental education activities.

Preferred by Nature

The Group signed a Memorandum of Agreement (MoA) with Denmarkbased Preferred by Nature (PbN) on 22 August 2024, at the SCCA, aiming to restore the degraded forest in SCCA and ensure its preservation for future generations. Supported by PbN’s RM1.2 Million funding, these efforts will rehabilitate the degraded forest and advance a sustainable future.

Environmental Education Programmes

SCCA organised a series of EEPs from November to December 2024. Over 2,000 students and teachers from SK Kunak Jaya and SMK Kunak Jaya in the Kunak district, as well as SK Pekan Semporna, SK Bukit Lalang, and SK Bubul from the Semporna district participated in the programmes at SCCA.

9 July 2024

SMK Kunak Jaya, Kunak

10 July 2024

SK Bukit Lalang & SK Bubul,

12 July 2024

SK Pekan Semporna, Semporna

17 July 2024

SK Kunak Jaya, Kunak

December 2024

Turtle Conservation Project at Turtle Beach, SCCA

The project main objective is to protect the existing population of turtle eggs by initiating turtle conservation through hatchery management in SCCA.

MOVING FORWARD

Administration and Finance

Strengthening SCCA’s human resource capacity and financing is crucial for effectively executing SCCA’s management strategies and actions. Based on SCCA’s current workforce and operation conditions, the following measures are proposed:

• To recruit staff to support eco-tourism, EEP, research activity, and admin and finance work. Insufficient supporting staff, such as rangers, to conduct intensive patrolling and maintenance activity and managing visitors, especially during peak season.

• SCCA staff needs more experience and skills to operate in protected areas. Hence, there is a need to train existing and future staff in relevant fields such as EEP, nature guiding, lifeguarding skills, research (collecting and managing data), and other appropriate areas.

• To develop a sustainable financing strategy for SCCA.

Maintenance and Development

Renovating and maintaining existing infrastructures and facilities.

• Adding infrastructures such as a prayer room (Surau), washroom at the main visitor’s stop (SCCA Jetty and Puncak), barbeque huts, boat garage, tented camp and water reservoir and dam, research facility (lab and mini herbarium). These infrastructures and facilities are essential to support visitors’ activities.

• Building a waste management centre to maintain cleanliness and incorporate green practices.

Adding recreation and research equipment.

• Currently, SCCA cannot meet visitors’ demand for equipment usage, especially for water activity.

• Installing interpretation signboards.

• These signboards are vital for visitors’ guidance during hiking/trekking.

• Install renewable energy (solar power) and liasing with the District Office to request assistance with electricity supply. The power supply source in SCCA is genset and is only operated for a limited time.

Conservation and Research

• Formulating the first Strategic Management Plan for SCCA with funding from the 12th Malaysia Plan.

SCCA will increase community involvement in conservation/rehabilitation projects.

• The primary threat by SCCA is the frequent encroachment of boundaries by the community. Besides soliciting the Sabah Forestry Department to issue an eviction notice to the encroacher, the Lahad Datu District Forestry Officer has devised a plan to involve the community in the rehabilitation project (planting and monitoring) in the SCCA boundary.

• Developing a three-year EEP plan for SCCA (to include coastal and marine EEP modules).

• Creating collaboration with relevant bodies on coastal, marine and mangrove research programmes. Through the partnership, both parties can promote SCCA research programmes and staff members may benefit from knowledge and skill transfers.

Hospitality and Recreation

Developing SCCA Tourism Action Plan for the next five years.

• Proper planning for developing eco-tourism activity in SCCA is required as tourism will be SCCA’s source of income. The staff must conduct all ecotourism activities in SCCA without jeopardising the ecosystem and biodiversity value.

Developing or improving current Visitors’ SOP (i.e. Reservation and Visitor Activities) in line with management, state and national policy.

• Several changes in the management structure and state and national policy have occurred recently. Due to the COVID-19 pandemic, SCCA are forced to adapt to the new norms in our daily personal and working routines. Therefore, the current SOP needs to be reviewed and revised accordingly.

Developing eco-tourism packages for SCCA.

• It is one of the strategies the Group can utilise to maximise SCCA’s income.

Branding SCCA as the staging point for visitors to Darvel Bay.

• Darvel Bay has caught the interest of many people, mainly marine nature enthusiasts, with the discovery of Blue Ring Reefs. SCCA has become the ideal spot for staging as the reef is only 40 minutes away from SCCA. Darvel Bay also has many beautiful reefs suitable for diving and snorkelling activities.

(INFAPRO) is a collaboration between Rakyat Berjaya Sdn. Bhd., a wholly owned company of the Group and Face the Future (Forests Absorbing Carbon Dioxide Emissions) Foundation of the Netherlands.

The project aims to rehabilitate 25,000ha out of 29,501ha of the severely degraded rainforest with indigenous dipterocarps through enrichment line planting, including fast-growing pioneers and forest fruit trees.

Where The Red Apes Roam

The principle behind planting trees is to accumulate carbon in their structural growth through photosynthesis when they extract CO2 from the atmosphere.

11,864.5ha (47.5%) of forests have been rehabilitated out of 25,000ha

The project area is located on the eastern side of the Yayasan Sabah Concession Area. It is situated within the Forest Management Unit, Ulu Segama, in the Lahad Datu district and borders the renowned Danum Valley Conservation Area (DVCA).

The operational base of this area is located at INFAPRO KM58, central to the development area and 11km from the Danum Valley Studies Centre (DVSC). Its strategic location near DVSC allows close collaboration with local and international scientists.

INFAPRO REHABILITATION PROJECT

The area’s development is based on the severity of the degradation of forest sites caused by logging during the late 1970s, 1980s and early 1990s. The area previously contained mixed dipterocarp forests with a high richness of plant species and an extreme density and diversity of fauna compared to other parts of Sabah.

Under this collaboration, Face the Future funds all the project costs, from establishing nurseries, planting and tending trees, hiring and training staff, and vehicles to Research and Development in exchange for all carbon credits created by the project.

Up to 2024, 11,864.5ha was wholly rehabilitated by dividing the area into nine contracts from 1992 until 2021. On 11 February 2021, the contract for CO2 offset was transferred from Face the Future to Face Forests B.V.

Face Forests B.V. intends to explore jointly with the Group the feasibility of monitoring and verifying the carbon sequestration impact of INFAPRO in 2020/2021 under the Verified Carbon Standard for the project over the period 2011-2020.

The total investment committed by Face the Future amounts to US$15 million. The project is expected to sequester at least 4.25 million tonnes of carbon (15.6 million tonnes of CO2) at an average cost of US$3.52 per tonne of carbon (US$0.95 per ton of CO2).

Contract 1 – Contract 9

Year/Contract

CONSERVATION

Patrolling & Surveillance

Patrolling and surveillance are integral components of INFAPRO’s conservation management strategy, which aligns with its status as a fully protected area (Class I Forest Reserve) under the Forest Enactment. These efforts are critical in safeguarding the integrity of the forest by proactively monitoring and mitigating threats such as illegal logging and poaching within INFAPRO and its designated buffer zone.

Summary of Patrolling and Surveillance Activities for Year 2024

No. Activity Frequency

1 Patrolling sessions

(night patrol and routine round trip along 10KM USM Road)

• INFAPRO Studies Centre – Sungai Tekala

• INFAPRO Studies Centre – Sungai Bole 7

2 Joint patrolling with DaMal Patrol Team 3

This area has exceptional biodiversity, with animal life comprising the Elephant, the Malaysian Bear, the Orangutan, the Clouded Leopard, and various bird species. Forest rehabilitation activities in this area contribute to the rehabilitation of food availability for primates and insects and, thus, the nutritional source for birds and reptiles.

15 TECHNICAL REPORTS

9 POST-GRADUATE STUDIES

80 related to INFAPRO’s research & project activities between 1992-2005 PUBLICATIONS

35 related to Tropical Forest Rehabilitation Model PUBLICATIONS

2,671

CONSERVATION

The enrichment planting in INFAPRO, achieved with indigenous species, aims to rehabilitate the natural diversity of Sabah’s rainforests.

The main species chosen for the project were indigenous dipterocarps, mainly of the Shorea, Parashorea, Dipterocarpus, Vatica, Hopea and Dryobalanops genera. These species were selected due to their ability to be vegetatively propagated. In addition to the dipterocarps, forest fruit trees are planted in the INFAPRO forest.

These species act as suitable pioneer species for open and severely degraded areas and provide food for birds and other animal species in the forest.

It increased biodiversity and restored the natural composition of the forest’s structure.

11 January Nursery visit by Sekar Imej Conservation.

11 January Phenology Activity.

8 March Visit by MSc Biodiversity & Conservation Students from the Royal Botanic Gardens, Kew at INFAPRO Nursery.

July Forest Inventory Carbon.

26 November Visit by Sabah Forestry Department.

29 June Study Visit by the University of Oregon.

6-7 November

First aid seminar at the Tun Ahmad Raffae Auditorium meeting room, Menara Tun Mustapha.

1-7 July

Carbon Campaign Training by FACE the Future.

4 December

Nursery Visit by South East Asia Rainforest Research Partnership (SEARRP).

ACHIEVEMENTS

• Contract nine tree inventory was completed.

• Successfully developed three trails for a tourism package.

MOVING FORWARD

• To create a tourism package as INFAPRO has the potential to be a tourism destination.

• To plan a resource and wildlife survey at INFAPRO to assess the status of wildlife and encroachment, evaluate prospects and potentials for research and tourism development, and assess potential threats, including poaching, fire, and inappropriate land use.

• To explore trails and other tourism activities for visitors.

• To develop EE programme activities at INFAPRO.

A major highlight of 2024 is the notable increase in wildlife sightings within the restored areas. The return of species such as Bornean Orangutans, Bornean Gibbons, Borneo Pygmy Elephants, and Hornbills signals a thriving ecosystem and the success of the long-term restoration approach adopted by the project.

INIKEA

Since its launch in 1998, the Innoprise IKEA Tropical Forest Rehabilitation Project (INIKEA) has made remarkable strides in restoring degraded forest landscapes in Sabah. In the third year of the five-year maintenance phase of its fourth stage, the project continues demonstrating meaningful ecological recovery and reaffirming its position as a large-scale forest rehabilitation model.

The total rehabilitated area remains at 14,009 hectares, with current efforts focused on routine maintenance activities, including weed slashing, refilling, and shade adjustment. These treatments aim to ensure the healthy growth of previously planted native species, primarily dipterocarps, non-dipterocarps, and wild fruit trees, and support the natural regeneration process where applicable.

Supported by IKEA of Sweden and guided by the Swedish University of Agricultural Sciences (SLU) technical expertise, the project continues to implement sustainable forestry practices and forest recovery strategies. INIKEA’s operations uphold high environmental and social responsibility standards that align with IWAY standards. Independent audits under the Rainforest Alliance’s Smartwood Programme have continued to recognise INIKEA’s exemplary practices in sustainable forestry and worker welfare.

Looking ahead, the Group remains committed to maintaining the momentum of forest restoration and strengthening its role as a responsible steward of the environment. We hope that INIKEA will continue to serve as a leading example of impactful, sciencebased conservation that will inspire collaborative efforts to safeguard Sabah’s rich biodiversity for future generations.

(Sg. Tiagau Forest Reserve [formerly known as Kalabakan Forest Reserve, Tawau])

Species Trial Plot

19,870ha CLASS 1 (Protection) Forest Reserve

The initial project area of 14,300ha located west of the Luasong Forestry Centre (LFC) in the Kalabakan Forest Reserve is predominantly high hills and mountains with more than 25° slopes, notably in the northeastern and southern regions.

Although several rivers drain the project area, low-lying alluvial areas are limited and only found in central and northeastern regions. There are five varieties of soil association within the project area, including Brantian, Kalabakan, Mawing, Maliau and Tambulanan, of which 80 per cent is of the Maliau type.

A 500-600ha patch of the Tambalunan type appears on the southeastern corner of high hills and steep slopes. This is characterised by high hills and mountain cuestas whose soil units include orthic and gleyic, acrisols and dysticcambisols. The lower elevation and moderate

terrain are confined at the centre at the confluence of the tributaries of the upper Kalabakan River.

The additional area of 4,200ha is wedged between the LFC and INIKEA project areas, forming a contiguous block. It extends the initial area on high and moderate elevations, mainly of the sandstone parent material. The area is characterised by broken hills and ridges with streams flowing to the Tiagau River, which eventually flows into the Kalabakan River in the south.

With the additional area, the total INIKEA project area is 18,500ha. The forest in the other area suffered similar degradation by wildfire and logging in the 1980s. Macaranga woods characterise the areas badly impacted by the fires.

INIKEA REHABILITATION

AREA (PHASE 1 TO PHASE 4)

Planting Programme - First 5 years

Maintenance Programme - Next 10 years

(1998-2013)

(2015-2025)

Planting Programme - First 5 years

Maintenance Programme - Next 10 years

Planting Programme - First 5 years

Maintenance Programme - Next 10 years

Planting Programme - First 5 years

Maintenance Programme - Next 5 years

The current routine activities are maintenance of planted areas which consist of weeding, refilling and road maintenance. The following table summarises the achievement by phases of the project.

14,009 of degraded forests have successfully rehabilitated under Phases 1 to 4 out of the total area of 18,500ha. The remaining areas are designated control zones for baseline comparison in forest restoration studies. ha (100%)

INIKEA is one of the LARGEST TROPICAL FOREST RESTORATION AREAS in the world

Phase 4

Beating-up is the refilling of dead seedlings conducted after the third year if the overall block’s survival is lower than 65 per cent. Weed-slashing and shade adjustment have been completed for Blocks 178 and 181

Progress of Activities for Phase 4 Area in 2024

Note: Bold indicates completed works for the current months.

NURSERY

The stock count at the nursery is 12,877, which comprised 84.2 per cent dipterocarps, 5.04 per cent non dipterocarps and 10.76 per cent wild fruit species. The stock movement in the nursery is presented in the following table available in the stocking. INIKEA will maintain about 12,800 seedlings in the nursery in 2025 to cater for the beating-up activity in the Phase 4 area.

Stock Movement at INIKEA Nursery for 2024

CONSERVATION

Patrolling & Surveillance

A total of 52 days patrol activities had been conducted in INIKEA for the year 2024.

Summary of Patrolling and Surveillance Activities for Year 2024

RESEARCH

Since 2005, a total of 65 research projects have been approved and conducted at INIKEA, which serves as an open laboratory for tropical rainforest studies. Encompassing both degraded and undisturbed forest areas, it continues to attract a growing number of researchers, particularly students, with fieldwork supported by experienced and welltrained Research Assistants.

List of Researchers at INIKEA in 2024

Name Institution Research Title Level of Study Study Period

Dr. Keiko Ioki Musashino University, Japan

Assessing the Role of Enrichment Planting in a Large-Scale Tropical Rainforest Restoration Project using Time Series Datasets.

Clara Hernblom Swedish University of Agricultural Sciences (SLU), Sweden

Agnes Nielsen University of Copenhagen, Denmark

To What Extent Does the Recovery of the Forest Stand Biomass and Complexity Following Rainforest Restoration Help Rebuild Soundscape Biodiversity? Investigating a 25-Year Restoration Chronosequence.

Tropical Forest Restoration: Importance of Corridor for Wildlife Migration between Functional Forests.

PhD (Post Doc Research) -

6 March - 4 April 2024

Master of Science (MSc)

Master of Science (MSc)

6 March - 20 April 2024

Johan Narva Umeå University, Sweden

Simon Heinrich Arns Swedish University of Agricultural Sciences (SLU), Sweden

1. Ida Grimstrup Christensen

2. Sofie Laura Rosenlov Jepsen University of Copenhagen, Denmark

To What Extent Does the Recovery of the Forest Stand Biomass and Complexity Following Rainforest Restoration Help Rebuild Soundscape Biodiversity? Investigating a 25-Year Restoration Chronosequence.

Population Differentiation Along Environmental Gradients in Two Dipterocarpaceae Species, and Their Extended Insect Phenotypes.

Monitoring the Potential of Different Tropical Tree Planting Strategies in the Rehabilitated Rainforest of Borneo Sabah: INIKEA SLU Sow A Seed Project: Monitoring Replanting Strategies using Vegetative Data and Wildlife Camera Trapping.

Master of Science (MSc) 6 March - 2 May 2024

Dr. Simon Kävermo Swedish University of Agricultural Sciences (SLU), Sweden

Faridah binti Junih Universiti Malaysia Sabah

Tropical Forest Restoration from a OneHealth Perspective-the Important Interplay between Fungus, Frogs, Flies and Folk.

Temporal Analysis of Aboveground Carbon Changes Using LiDAR and UAS in INIKEA Project Area Forest Rehabilitation.

Master of Science (MSc) 13 September21 October 2024

Master of Science (MSc) 5 October - 10 November 2024

Alcchuer Forlan Limiu Universiti Malaysia Sabah

Long-term Monitoring of Aboveground Biomass at INIKEA Forest Rehabilitation Area Using Landsat in 30 years.

Research 7 November16 November 2024

Degree 23 August 2024 –31 December 2024

Adrien Gabriel Lamodiere Swedish University of Agricultural Sciences (SLU), Sweden

Max Albert Lindhe Swedish University of Agricultural Sciences (SLU), Sweden

Diverse Paths to Restoration: Assessing Biodiversity Responses to Four Reforestation Methods from Enrichment Planting to Natural Regeneration in Sabah’s Tropical Forests.

Follow Up on Restoration Efforts of Degraded Forests in Sabah, Malaysia – Assessment of Survival, Volume Increment of Planted Trees and Total Stand Production.

Degree 23 August 2024 –31 December 2024

Master of Science (MSc)

Master of Science Sabah, (MSc)

1 January 2025 –28 February 2025 (Applied for permit in 2024)

20 January 2025 –20 December 2025 (Applied for permit in 2024)

Phenology Observation

The phenology observation started in April 2004 to monitor species’ flowering patterns around Luasong Forestry Centre. A team of two staff visited the phenology plots every two months except in off-season months, where the frequency was reduced to every three months. A pair of binoculars is used to observe changes in the trees’ canopy.

There were initially 52 individual trees of 36 different species under observation. As 12 trees were dead, the total active samples now are 40 of 32 species.

Observations were made in February, April, June, July, August, September, October, November and December in 2024.

A total of ten species of trees were fruiting during the observation period. Among the species were Limpaung (Beccaurea lanceolata), Bambangan (Mangifera pajang) Togop (Artocarpus elasticus) and Binaung (Octomeles sumatrana).

Phenology Observation Plot

OUR PARTNERS

The Group works closely with the Sow-A-Seed Foundation and the Swedish University of Agricultural Sciences (SLU). The Sow-A-Seed Foundation and the Group helped fund the project, while SLU offered research and technical assistance.

ACHIEVEMENTS

>700 locals from nearby villages were employed

52

housing units available for employees and their families, all of which have basic amenities like electricity, water, and medical services

14,009ha

>35 post-graduate studies have been completed

Visitors

1,024 (2010-2024) (100%) of degraded forests have successfully rehabilitated under Phases 1 to 4 out of the total area of 18,500ha. The remaining areas are designated control zones for baseline comparison in forest restoration studies.

Visitors

31 January - 3 February 2024

Ecosystem Restoration and Carbon Initiatives Course organised by Preferred by Nature (PbN).

25 - 27 April 2024

Ecosystem Restoration and Carbon Initiatives Course organised by Preferred by Nature (PbN).

27 - 29 April 2024

The 1st INIKEA Environmental Education Programme.

27 - 29 April 2024

The 20th INIKEA Steering Committee Meeting and Site Visit.

30 April 2024

The 20th INIKEA Steering Committee Meeting at Maliau Basin Studies Centre.

2 May 2024

The Seminar of INIKEA Resources and Wildlife Survey at Shangri-La Tanjung Aru, Kota Kinabalu.

7 June 2024

Completion of Maintenance Works on Sg. Tiagau Bridge.

12 July 2024

The 2nd Quarter INIKEA Head of Unit Meeting.

19 - 22 August 2024

Joint Patrol with the YS-DaMaI Patrol Team.

21 - 22 August 2024

An Occupational Safety and Health (OSH) Audit, conducted by the Information and Communication Technology and Occupational Safety Health Division of the Group.

SABAH NATURE CLUB

Sabah Nature Club (SNC), or Kelab Pencinta Alam Sabah, is an Environmental Education programme, which acts as part of the Group’s contribution to nature. SNC, the first of its kind in Sabah and Malaysia, was officially launched on 7 October 1988 as an extra-curricular activity within schools, maximising the involvement of teachers and students through the support of the Sabah Education Department.

SNC aims to cultivate interest, increase knowledge, nurture essential attitudes and develop values as well as skills needed to protect the cultural, scientific and aesthetic values of Sabah’s flora and fauna among the youths.

Since its official launch in 1988, it has led to the creation of the country’s

largest environmental youth-based movement with

45,351

202 accumulated memberships with (an increase of 279 pax from 2023). registered Club members

Nature Orientation Courses (NOCs) for School Students

NOCs are conducted twice a year during school holidays with students from various schools in Sabah registered with SNC. This programme aims to increase the participant’s knowledge and awareness of the importance of nature and sustainable resource management in addition to promoting the conservation areas under the purview of the Group. Two NCOs were carried out at Imbak Canyon Conservation Area (ICCA) and Maliau Basin Conservation Area (MBCA), involving 40 students from nine schools around Sabah.

The schools involved in the programmes were as follows:

• SMK Timbua, Ranau

• SMK Mat Salleh, Ranau

• SMK Telupid

• Kolej Vokasional Likas, Kota Kinabalu

• SMK Tambunan

• SMK Keningau II

• SMK Sook, Keningau

• SK Kemabong, Tenom

• SMK Jambatan Putih, Tawau held in:

Awareness Talks to Students

In 2024, SNC visited nine schools across Tambunan, Keningau, Sook, and Tenom districts to share information about the Yayasan Sabah Conservation Areas and their role in environmental conservation.

The schools involved were as follows:

• SMK Tambunan

• SMK Nambayan, Tambunan

• SMK Apin-Apin, Keningau

• SMK Keningau II

• SM Saint Francis Xavier, Keningau

• SMK Gunsanad, Keningau

• SMK Keningau

• SMK Sook, Keningau

• SK Kemabong, Tenom

During these visits, the SNC also took the opportunity to register new members and renew existing memberships, encouraging more students to take part in environmental conservation efforts.

Sustainable Development Camps

28 April - 1 May 2024

(SDCs) for Community Leaders

SDC activities are conducted once a year for four days and three nights.

The programme aims to increase awareness and knowledge about sustainable development in line with the Sustainable Development Goals and give community leaders exposure to sustainable activities that generate income for them.

For 2024, SDC was conducted at Maliau Basin Conservation Area with 19 community leaders from three districts, namely, Sook, Keningau and Tawau. Participants had the opportunity to engage with expert speakers from various government agencies and non-governmental organisations (NGOs). Topics covered included Sustainable Wildlife Management by the Sabah Wildlife Department, Waste Management by Zero Waste Sabah, Solar Energy by Tonibung, Sustainable River Management through the Tagal System by the Fisheries Department and Eco-Tourism by Natai Adventure Village.

The programme provided valuable insights into practical and innovative approaches to sustainability, equipping participants with knowledge they can bring back to their respective communities.

Train the Trainers

In 2024, the Train the Trainers programme for the Conservation and Environmental Management Division’s staff was successfully conducted at the Taliwas River Conservation Area, Lahad Datu. The programme aimed to strengthen the capabilities of personnel involved in environmental education by enhancing their competencies and expanding their skill sets. It also served as a valuable platform for exchanging knowledge, experiences, and perspectives on environmental challenges.

A total of 18 participants participated in the programme, comprising representatives from seven conservation areas: Danum Valley, Imbak Canyon, Maliau Basin, Silam Coast, Taliwas River, INIKEA, and INFAPRO. The training included team-building sessions facilitated by Mr Terence Dolinting of Natai Adventure Cultural Village, with support from facilitators Ms Jainah Binti Kuyau and Ms Zita Sopining.

One of the programme’s key outcomes was developing a comprehensive training module book, created collaboratively by the participants and guided by the programme trainer. This module is expected to serve as a reference and resource for future environmental education efforts across the conservation areas.

Open Day @ ICCA

12 - 14 December 2024

The Imbak Canyon Conservation Area Open Day, which attracted around 200 visitors, was held over two days to raise awareness among stakeholders, particularly local communities, on the significance of the DaMaI Rainforest Landscape. The event highlighted the area’s biodiversity, ecological value, and eco-tourism potential while promoting Yayasan Sabah Group’s conservation efforts.

Special activities were organised for 35 community leaders from Tongod District, including a briefing on Imbak Canyon’s potential as a UNESCO World Heritage Site, site visits to key attractions, and an interactive “Kupi-Kupi” session with various agencies. The public also enjoyed video screenings, exhibitions, and guided visits to Imbak Falls, offering a closer look at the area’s natural beauty.

Number of Participants

Programmes

Participants

OUR PARTNERS

SNC has been partnering with several organisations locally and internationally. SNC leverage the strengths of these partnerships to achieve great success in influencing the course of public awareness.

SNC in school extra curricular activities.

SNC became one of the components of BBEC under Public Awareness.

* Sabah State Government

* Federal Government

* Development of School EE Modules

SNC has been a member of SEEN since 2004, working together to enhance EEP in Sabah.

Japanese Jungle School Programme with Sabah students from 1998 until 2011.

Collaboration on the Kembara Taliwas Programme to carry out EEP among school students around Sabah.

Established a network with MNS, the oldest and one of Malaysia’s most prominent environmental nonprofit, non-governmental organisations.

EEP in ICCA

* Train the Trainer - 8 sessions

Established a network with FRIM, a leading institutions in tropical forestry research in the world.

To carry out EEP on DaMaI Initiatives.

* Nature Orientation Course - 5 sessions

* Sustainable Development Programmes - 4 times (2 camps and 2 showcases).

Signed MoU on Research, Environmental Education, Sustainable Development and Public Awareness on 21 September 2022.

2024 HIGHLIGHTS

MOVING FORWARD

Accumulated memberships : 45,351 (an increase of 279 pax from 2023).

Published two e-magazines and produced a 2025 calendar, available in both poster and desk versions.

SNC will forge partnerships with local and international organisations to advance environmental education and sustainable development.

SNC will provide environmental education packages for the public in conservation areas.

SNC will strengthen its membership by offering enhanced benefits and improving the membership system, including affordable educational tours to conservation areas managed by the Group.

SNC will continue to engage audiences through social media platforms like Facebook and Instagram, promoting activities and spreading vital environmental messages.

&HealthyWorking Environment ASafe Towards

OCCUPATIONAL SAFETY & HEALTH Commitment to

We have long emphasised the importance of maintaining a safe and healthy working environment for our staff and the public. This commitment to safety and health has garnered significant acclaim through our wholly owned subsidiary, Rakyat Berjaya Sdn. Bhd., which received the National Excellence Award in Occupational Safety and Health (OSH) under the Forestry Category from 2006 to 2016. Additionally, Sabah Softwoods Berhad, a subsidiary of the Group, has likewise been recognised for its OSH achievements, earning the same accolade for three consecutive years in 2017, 2018, and 2019.

48 workplace inspections in 2024, 10 OSH audits and eight audit monitoring exercises. These audits led to identifying Non-Conformity Reports (NCRs) and Opportunities for Improvement (OFIs), each outlining the underlying issues, their causes, and the preventive measures to be taken in the future.

FEBRUARY

MARCH

APRIL

JULY

AUGUST

JANUARY

FEBRUARY

MARCH

MAY

JUNE

AUGUST

OCTOBER

HAZARD/INCIDENT REPORT THROUGH QR CODE

The Occupational Safety and Health Section, Information & Communication Technology Division has received 38 hazard/incident reports via QR code throughout 2024 from the following locations:

Briefings

Conservation

Environmental

FOR PROJECTS UNDER THE SUPERVISION OF THE ENERGY & FACILITIES DIVISION

HANDING OVER OF SAFETY VEST AND WHEELCHAIR

12 August 2024 |

12

OCCUPATIONAL SAFETY AND HEALTH MONTH CLOSING CEREMONY 10 October 2024 | Menara Tun Mustapha

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Penyata untung atau rugi dan pendapatan komprehensif lain

Bagi tahun kewangan berakhir 31 Disember 2024

Lain-lain pendapatan

Lain-lain perbelanjaan

Bahagian keputusan syarikat usahasama

Bahagian keputusan syarikat bersekutu

Perbelanjaan cukai pendapatan

Pendapatan komprehensif lain

Item yang tidak dikelaskan semula ke untung atau rugi

Pengukuran semula liabiliti

Manfaat pekerja ditentukan - (3,912) -

Kesan cukai pendapatan - 173 - -

Kerugian bersih atas perubahan nilai saksama instrumen ekuiti pada nilai saksama melalui pendapatan komprehensif lain (11,050) (64,252)

(11,050) (67,991)

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Penyata untung atau rugi dan pendapatan komprehensif lain (sambungan) Bagi tahun kewangan berakhir 31 Disember 2024

Kumpulan Yayasan

(Dinyatakan semula)

Item yang mungkin kemudian dikelaskan semula ke untung atau rugi

Rizab konsesi kayu diiktiraf di untung atau rugi - - (1,250) (1,250)

Terjemahan matawang asing (1,472) (99) -Bahagian pendapatan komprehensif lain syarikat bersekutu dan usahasama -

matawang asing

Kurangan komprehensif lain bagi tahun semasa, bersih selepas cukai (17,737) (66,727) (1,250) (1,250)

Jumlah pendapatan komprehensif

Lebihan boleh diagihkan kepada:

Jumlah pendapatan komprehensif boleh diagihkan kepada:

Polisi perakaunan dan nota-nota yang dilampirkan adalah sebahagian daripada penyata kewangan ini.

Yayasan Sabah (Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Penyata kedudukan kewangan Pada 31 Disember 2024

Yayasan Sabah (Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Penyata kedudukan kewangan (sambungan)

Pada 31 Disember 2024

48

Yayasan Sabah (Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Penyata kedudukan kewangan (sambungan)

Pada 31 Disember 2024

ekuiti

Polisi perakaunan dan nota-nota yang dilampirkan adalah sebahagian daripada penyata kewangan ini.

Yayasan Sabah (Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Rizab terjemahan matawang asing RM’000 Kepentingan bukan kawalan RM’000

Premium dibayar atas pengambil- alihan kepentingan bukan kawalan RM’000

Rizab konsesi kayu RM’000

Rizab pelarasan nilai saksama RM’000

Rizab-rizab lain, jumlah RM’000

Ekuiti diagihkan kepada Yayasan RM’000 Pendapatan terkumpul RM’000

Penyata perubahan dalam ekuiti Bagi tahun kewangan berakhir 31 Disember 2024

Kumpulan

Ekuiti, jumlah RM’000

Baki awal pada 1 Januari 2024 ( seperti dinyatakan sebelum ini )

Pelarasan tahun sebelum (No ta 42 )

Baki awal pada 1 Januari 2024 ( seperti dinyatakan semula )

Lebihan , bersih selepas cukai

Pendapatan komprehensif lain : Pengukuran semula liabiliti manfaat pekerja ditentukan , bersih selepas cukai

(18) Untung bersih atas perubahan nilai saksama aset kewangan pada nilai saksama melalui pendapatan komprehensif lain (11,050) (10,788)

(1,437) (35)

(5,092) (123)

(75,873)

Terjemahan matawang asing (1,472) (1,437)

Bahagian pendapatan komprehensif lain syarikat bersekutu dan usahasama (5,215) (5,092)

Jumlah pendapatan komprehensif bagi tahun semasa

Urusniaga dengan pemilik

Penyahiktirafan syarikat subsidiari

Rizab konsesi kayu direalisasikan

Dividen diisytiharkan oleh syarikat subsidiari (75,873)

Jumlah urusniaga dengan pemilik (7 3,196 )

Baki akhir pada 31 Disember 2024 3,598, 21 4 3,086, 48 5

Yayasan Sabah (Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Kepentingan bukan kawalan RM’000

Rizab terjemahan matawang asing RM’000

Premium dibayar atas pengambilan- alihan kepentingan bukan kawalan RM’000

Rizab konsesi kayu RM’000

Rizab pelarasan nilai saksama RM’000

Rizab-rizab lain, jumlah RM’000

Pendapatan terkumpul RM’000

Penyata perubahan dalam ekuiti (sambungan)

Bagi tahun kewangan berakhir 31 Disember 2024

Ekuiti boleh diagihkan kepada Yayasan RM’000

Ekuiti, jumlah RM’000

Kumpulan

(348)

Baki awal pada 1 Januari 2023 ( seperti dinyatakan sebelum ini )

Pelarasan tahun sebelum (Not a 42 ) (3,008) (3,116) (3,116)

Baki awal pada 1 Januari 2023 ( seperti dinyatakan semula )

75,595 207, 962 207, 962

(62,73

(

Lebihan , bersih selepas cukai

Pendapatan komprehensif lain : Pengukuran semula liabiliti manfaat pekerja ditentukan, bersih selepas cukai (3,739) (3,391) (3,391)

Untung bersih atas perubahan nilai saksama aset kewangan pada nilai saksama melalui pendapatan komprehensif lain (64,252) (62,73 1 )

Terjemahan matawang asing (99) ( 97 )

) (2) Bahagian pendapatan komprehensif lain syarikat bersekutu dan usahasama

1,234 65, 794

(66,191)

Jumlah pendapatan komprehensif bagi tahun semasa 208,868 1 43,074

Urusniaga dengan pemilik Rizab konsesi kayu direalisasikan

Dividen diisytiharkan oleh syarikat subsidiari (66,191)

Jumlah urusniaga dengan pemilik (66,191)

(2,663) 23,089 4 94,107

(66,191) Baki akhir pada 31 Disember 2023 ( seperti dinyatakan semula ) 3,4 83,359

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Penyata perubahan dalam ekuiti (sambungan)

Bagi tahun kewangan berakhir 31 Disember 2024

Yayasan

Lebihan, bersih selepas cukai

Pendapatan komprehensif lain (Nota 8)

Jumlah lebihan/(kurangan) komprehensif

Lebihan, bersih selepas cukai

Pendapatan komprehensif lain (Nota 8)

Jumlah lebihan/(kurangan) komprehensif bagi tahun

Baki

Polisi perakaunan dan nota-nota yang dilampirkan adalah sebahagian daripada penyata kewangan ini.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Penyata aliran tunai

Bagi tahun kewangan berakhir 31 Disember 2024

Aktiviti-aktiviti operasi

bagi:

(Keuntungan)/kerugian nilai saksama aset biologi

Konsesi sewa

(Keuntungan)/kerugian atas pajakan dinyahiktiraf

atas pelupusan syarikat bersekutu

Keuntungan atas pelupusan hartanah, loji dan peralatan (1,937) (313) (18)

Rosotnilai atas:

pelaburan dalam syarikat subsidiari

faedah (31,813) (29,838) (6,028) (4,003)

Inventori dihapuskira

(Keuntungan)/kerugian nilai saksama bersih atas instrumen kewangan: - sekuriti pelaburan (22,458) (20,227) (8,059) (16,265) - derivatif - (6) -Kerugian pertukaran asing bersih - belum direalisasi -

Hartanah, loji dan peralatan dihapuskan

Peruntukan dana pemulihan semula hutan 1,331 1,395

Pembalikan rosotnilai atas: - muhibbah - (17,824) -- akaun terimaan (6,692) (34,560) (933) (33,851) - pinjaman pengajian - (10,612) - (10,612)

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Penyata aliran tunai (sambungan)

Bagi tahun kewangan berakhir 31 Disember 2024

Aktiviti-aktiviti operasi (sambungan)

Bahagian keputusan syarikat usahasama (20,976) (110,407) - -

Bahagian keputusan syarikat bersekutu (17,236) (8,056) - -

Pendapatan hak konsesi kayu - - (1,250) (1,250)

Pelepasan bayaran kepada pemiutang (1,044) -

Jumlah pelarasan

Aliran tunai operasi sebelum perubahan modal kerja

Perubahan dalam modal kerja

Tambahan dalam pinjaman pengajian (2,021) (1,722) (2,021) (1,722)

Kurangan/(tambahan) dalam inventori 11,321 (2,181) (61) 83 (Tambahan)/kurangan dalam akaun terimaan

(Tambahan)/kurangan dalam aset semasa lain (3,153) (862) - 2 (Tambahan)/kurangan dalam deposit yang dicagarkan atau bertempoh matang melebihi 3 bulan

(3,191)

3,078 Tambahan dalam akaun bayaran

Kurangan dalam liabiliti manfaat pekerja ditentukan

Kurangan dalam peruntukan pemulihan semula hutan (269) (143) -Tambahan dalam liabiliti kontrak 4,344 11,604 -Perubahan bersih dalam amaun terhutang kepada/daripada syarikat subsidiari - - (69,912) (85,583) Jumlah perubahan dalam modal kerja 14,527 106,646 (37,978) (37,670)

Aliran tunai daripada operasi 386,363 405,412 (140,345) (99,967)

Cukai pendapatan dikembalikan 40 6,294 - 2,730

Cukai pendapatan dibayar (76,396) (52,194) - -

Faedah diterima 31,813 29,838 6,028 4,003

Faedah dibayar (22,415) (20,007) (9) (13)

Aliran tunai bersih daripada aktiviti-aktiviti operasi 319,405 369,343 (134,326) (93,247)

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Penyata aliran tunai (sambungan)

Bagi tahun kewangan berakhir 31 Disember 2024

Aktiviti-aktiviti pelaburan

Tambahan dalam aset biologi (15,919) (10,626) - -

Dividen diterima daripada syarikat bersekutu 8,563 6,136 - -

Dividen diterima daripada syarikat usahasama - 24,000 -

dividen

Penyahiktifan syarikat subsidiari 2,663 -

Pelaburan dalam syarikat bersekutu - (7,350) - -

Penerimaan dalam pelupusan hartanah, loji dan peralatan 2,513 901 18 -

Pembelian hartanah pelaburan (5,434) (1,596) (434) (171)

Perubahan bersih dalam sekuriti pelaburan (19,156) (30,237) (3,508) 4,548

Penerimaan bersih daripada derivatif - 11 -

Pembelian hartanah, loji dan peralatan (149,857) (186,861) (3,771) (4,289)

Ansuran hak kayu diterima - - 1,250 1,250

Aliran tunai bersih digunakan dalam aktiviti-aktiviti pelaburan

Aktiviti-aktiviti kewangan

Pembayaran dividen kepada kepentingan bukan kawalan (75,873) (66,191) - -

Pergerakan bersih dalam pembiayaan kredit pusingan dan kemudahan kredit lain 46,000 (10,000) - -

Pembayaran balik pinjaman bertempoh (46,913) (30,626) - -

Pembayaran sebahagian prinsipal liabiliti pajakan (1,649) (1,984) (60) (56)

Aliran tunai bersih digunakan dalam aktiviti-aktiviti kewangan (78,435) (108,801) (60) (56)

Tambahan bersih dalam tunai dan kesetaraan tunai 70,550 60,109

Kesan perubahan kadar pertukaran (47,176) (7,736) - -

Tunai dan kesetaraan tunai pada 1 Januari 942,713 890,340

Tunai dan kesetaraan tunai pada 31 Disember (Nota 28) 966,087 942,713

Polisi perakaunan dan nota-nota yang dillampirkan adalah sebahagian daripada penyata kewangan ini.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

1. Maklumat korporat

Yayasan Sabah ialah sebuat amanah kebajikan yang ditubuhkan di bawah undang-undang Sabah melalui Enakmen Yayasan Sabah, 1966. Seksyen 4 Enakmen tersebut memperuntukkan penubuhan Dana Yayasan Sabah (“Yayasan“) untuk menjalankan objektif-objektif kebajikan Yayasan Sabah dan Seksyen 5 Enakmen tersebut memperuntukkan penubuhan Lembaga Pemegang Amanah Yayasan Sabah bertujuan untuk menguruskan amanah ini dan mentadbir dan mengawal dana ini.

Objektif-objektif kebajikan Yayasan Sabah menurut Enakmen termasuk, antaranya: (a) mempertingkatkan kemajuan kemudahan-kemudahan pendidikan di Sabah; (b) membekalkan perkhidmatan perubatan, kebajikan dan pendidikan secara sukarela; (c) membantu dan mempertingkatkan taraf kehidupan warganegara Malaysia di Sabah yang memerlukan; dan (d) memberi bantuan kepada institusi-institusi kebajikan.

Dalam tahun 1970, Kerajaan Negeri Sabah telah memberi geran konsesi kayu kepada Yayasan Sabah dengan keluasan hampir berukuran 3,000 batu persegi. Yayasan Sabah telah menubuhkan syarikat-syarikat untuk mengambilalih aktiviti berkaitan kayu serta aktivitiaktiviti lain seperti dinyatakan di Nota 19 kepada penyata kewangan untuk menghasilkan dana bagi membiayai aktiviti-aktiviti kebajikan mereka. Pada 10 September 1997, lesen ini telah digantikan dengan Perjanjian Lesen Pengurusan Hutan Mampan (SFMLA 09/97) yang baru untuk menanam, memulih dan menuai hutan bagi keluasan hampir berukuran 799,828 hektar.

Kemudian, pada 15 Februari 1999, melalui perjanjian lesen tambahan, Yayasan Sabah telah menyerahkan lebih kurang 200,000 hektar kawasan kayu daripada jumlah lesen konsesi di bawah SFMLA 09/97 kepada Kerajaan Negeri Sabah dan menyebabkan berkurangnya kawasan konsesi daripada 799,828 kepada 599,828 hektar.

Pada 11 Januari 2013, Ketua Menteri Negeri Sabah dan Yayasan Sabah menandatangani Perjanjian Lesen Pengurusan Hutan Mampan (Perjanjian Tambahan Ketiga) (SFMLA 01/13) di mana Kawasan Berlesen ditingkatkan dari 599,828 hektar kepada 633,652 hektar.

Pada 12 April 2018, Ketua Menteri Negeri Sabah dan Yayasan Sabah telah menandatangani

Perjanjian Lesen Pengurusan Hutan Lestari (Perjanjian Tambahan Keenam) di mana Kawasan Berlesen telah dikurangkan kepada 213,814 hektar.

Penyata kewangan disatukan bagi Yayasan dan syarikat-syarikat subsidiari yang lebih dikenali sebagai Kumpulan meliputi aktiviti kebajikan dan komersil yang dilakukan manakala penyata kewangan Yayasan hanya meliputi aktiviti kebajikan Yayasan yang berkaitan.

Tempat kegiatan utama Yayasan terletak di Menara Tun Mustapha, Kota Kinabalu.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material

2.1 Asas penyediaan

Penyata kewangan Kumpulan dan Yayasan telah disediakan dengan mematuhi MFRS Piawaian Perakaunan, IFRS Piawaian Perakaunan dan keperluan Akta Syarikat, 2016 di Malaysia.

Penyata kewangan telah disediakan berdasarkan kos sejarah selain daripada yang dinyatakan di dalam polisi-polisi perakaunan di bawah. Penyata kewangan ini dibentangkan dalam Ringgit Malaysia (RM) dan semua nilai telah dibundarkan kepada ribu yang terdekat (RM’000) melainkan jika dinyatakan sebaliknya.

2.2 Perubahan-perubahan dalam dasar-dasar perakaunan

Dasar-dasar perakaunan yang digunapakai adalah selari dengan tahun sebelumnya selain daripada yang dibincangkan dibawah.

Pada 1 Januari 2024, Kumpulan dan Yayasan telah menggunapakai piawaian mandatori yang dipinda berikut untuk tempoh kewangan tahunan bermula pada atau selepas 1 Januari 2024.

Keterangan

Pindaan kepada MFRS 101: Klasifikasi Liabiliti sebagai

Berkuatkuasa untuk tempoh tahunan bermula atau selepas

Liabiliti Semasa atau Bukan Semasa 1 Januari 2024

Pindaan kepada MFRS 101: Liabiliti Bukan Semasa dengan

Perjanjian 1 Januari 2024

Pindaan kepada MFRS 16: Liabiliti Pajakan dalam Jualan dan Pajakan Semula 1 Januari 2024

Pindaan kepada MFRS 107 dan MFRS 7: Pengaturan

Pembiayaan Pembekal 1 Januari 2024

Penggunaan piawaian yang dipinda di atas tidak mempunyai sebarang kesan ke atas prestasi atau kedudukan kewangan Kumpulan dan Yayasan.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material (sambungan)

2.3 Piawaian telah dikeluarkan tetapi belum berkuatkuasa

Piawaian baru dan yang dipinda yang telah dikeluarkan, tetapi belum berkuatkuasa pada tarikh penyata kewangan Kumpulan dan Yayasan adalah seperti dibawah. Kumpulan dan Yayasan bercadang untuk menggunapakai piawaian baru dan yang dipinda ini, jika berkenaan, apabila ianya berkuatkuasa.

Keterangan

Berkuatkuasa untuk tempoh tahunan bermula pada atau selepas

Pindaan kepada MFRS 121: Kekurangan Kebolehtukaran 1 Januari 2025

Pindaan kepada MFRS 9 dan MFRS 7: Klasifikasi dan Pengukuran Instrumen Kewangan

1 Januari 2026

Pindaan kepada MFRS 1, MFRS 7, MFRS 9, MFRS 10 and MFRS 107: Penambahbaikan Tahunan – Jilid 11 1 Januari 2026

Pindaan kepada MFRS 9 dan MFRS 7 Instrumen Kewangan: Pendedahan – Kontrak Rujukan Elektrik Janaan Alam Semula Jadi 1 Januari 2026

MFRS 18 Persembahan dan Pendedahan dalam Penyata Kewangan

1 Januari 2027

MFRS 19 Syarikat Subsidiari tanpa Akauntabiti Awam: Pendedahan 1 Januari 2027

Pindaan kepada MFRS 10 dan MFRS 128: Penjualan atau

Sumbangan Aset antara Pelabur dan Syarikat Bersekutu atau Syarikat Usahasamanya Ditangguh

Piawaian baru dan yang dipinda dijangka tidak memberi kesan material ke atas penyata kewangan Kumpulan dan Yayasan pada tahun permulaan penggunaannya kecuali kepada perubahan-perubahan dalam persembahan dan pendedahan maklumat kewangan yang timbul dari penggunaan pindaan-pindaan kepada MFRS seperti yang dibincangkan di bawah:

MFRS 18 Persembahan dan Pendedahan dalam Penyata Kewangan

Pada April 2024, MASB mengeluarkan MFRS 18, yang menggantikan MFRS 101 Persembahan dalam Penyata Kewangan. MFRS 18 memperkenalkan keperluan baru bagi persembahan dalam penyata untung atau rugi, termasuk jumlah tertentu dan jumlah kecil. Selain itu, entiti dikehendaki mengklasifikasikan semua pendapatan dan perbelanjaan dalam penyata untung atau rugi kepada salah satu dari lima kategori: operasi, pelaburan, pembiayaan, cukai pendapatan dan operasi yang dihentikan, di mana tiga yang pertama adalah baru.

Ia juga mengkehendaki pendedahan baru bagi ukuran prestasi mengikut takrifan pengurusan, jumlah kecil pendapatan dan perbelanjaan dan termasuk keperluan baru untuk pengaggregatan dan penyahaggregatan maklumat kewangan berdasarkan ‘peranan’ yang dikenalpasti dalam Penyata Kewangan Utama (PFS) dan notanya.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material (sambungan)

2.3 Piawaian telah dikeluarkan tetapi belum berkuatkuasa (sambungan)

MFRS 18 Persembahan dan Pendedahan dalam Penyata Kewangan (sambungan)

Disamping itu, pindaan skop-terhad telah dibuat kepada IAS 107 Penyata Aliran Tunai, termasuk perubahan titik permulaan bagi menentukan aliran tunai daripada operasi di bawah kaedah tidak langsung, daripada ‘untung atau rugi’ kepada ‘untung atau rugi operasi’ dan mengasingkan pilihan sekitar klasifikasi aliran tunai daripada dividen dan faedah. Tambahan pula, terdapat pindaan berbangkit kepada beberapa piawaian lain.

MFRS 18, dan pindaan kepada piawaian lain, berkuatkuasa untuk tempoh pelaporan bermula pada atau selepas 1 January 2027, tetapi penggunaan awal adalah dibenarkan dan mesti didedahkan. MFRS 18 akan digunapakai secara retrospektif.

Kumpulan dan Yayasan sedang berusaha mengenalpasti semua kesan pindaan terhadap penyata kewangan utama dan nota-nota kepada penyata kewangan.

2.4 Asas penyatuan

Penyata kewangan disatukan mengandungi penyata kewangan Yayasan dan syarikat subsidiari pada tarikh pelaporan. Penyata kewangan syarikat subsidiari yang digunakan dalam penyediaan penyata kewangan disatukan disediakan pada tarikh laporan yang sama dengan Yayasan. Dasar perakaunan yang konsisten telah digunakan dalam transaksi dan peristiwa yang mempunyai keadaan yang sama.

Yayasan mengawal pelaburannya jika dan hanya jika Yayasan mempunyai semua perkara-perkara berikut:

i) kuasa ke atas penerima pelaburan (iaitu hak sedia ada yang membolehkannya menentukan kegiatan-kegiatan penerima pelaburan); ii) terdedah kepada, atau mempunyai hak, terhadap pulangan boleh ubah daripada pelaburannya terhadap penerima pelaburan; dan iii) berupaya menggunakan kuasanya ke atas penerima pelaburan yang akan memberi kesan ke atas pulangannya.

Apabila Yayasan mempunyai kurang daripada hak undi majoriti ke atas penerima pelaburan, Yayasan mempertimbangkan perkara berikut dalam menilai sama ada hak mengundi Yayasan ke atas penerima pelaburan adalah mencukupi untuk memberikannya kuasa ke atas penerima pelaburan:

i) saiz pegangan hak mengundi Yayasan berbanding dengan saiz dan taburan pegangan pengundi lain; ii) potensi hak mengundi yang dipegang oleh Yayasan, pemegang undi lain atau pihak-pihak lain;

iii) hak yang timbul daripada perjanjian kontrak lain; dan

iv) sebarang maklumat dan keadaan lain yang menunjukkan bahawa Yayasan mempunyai, atau tidak mempunyai keupayaan untuk menentukan kegiatankegiatan yang relevan pada masa keputusan perlu dibuat, termasuk corak mengundi pada mesyuarat pemegang saham yang terdahulu.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material (sambungan)

2.4 Asas penyatuan (sambungan)

Subsidiari akan disatukan apabila Yayasan memperolehi kuasa untuk mengawal subsidiari dan tidak lagi disatukan apabila Yayasan kehilangan kawalan terhadap subsidiari. Kesemua baki antara-kumpulan, pendapatan dan perbelanjaan dan keuntungan atau kerugian belum direalisasi hasil daripada urusniaga antara-kumpulan dihapuskan sepenuhnya.

Kerugian dalam subsidiari diagihkan kepada kepentingan tak kawal walaupun ianya akan menyebabkan baki defisit.

Perubahan dalam kepentingan pegangan Kumpulan dalam subsidiari yang tidak mengakibatkan Kumpulan hilang kawalan ke atas subsidiari diambil kira sebagai urusniaga ekuiti. Nilai bawaan kepentingan Kumpulan dan kepentingan tak kawal dilaraskan untuk mengambarkan perubahan dalam kepentingannya di dalam subsidiari. Perbezaan diiktiraf terus dalam ekuiti dan diagihkan kepada pemilik Yayasan.

Apabila Kumpulan hilang kawalan ke atas subsidiari, untung atau rugi dikira dengan membezakan antara (i) purata nilai saksama balasan yang diterima dan nilai saksama sebarang kepentingan terkumpul dan (ii) nilai bawaan terdahulu bagi aset dan liabiliti subsidiari dan sebarang kepentingan tak kawal, diiktiraf dalam untung atau rugi. Keuntungan atau kerugian terkumpul subsidiari yang mana telah diiktiraf dalam pendapatan komprehensif lain dan terkumpul dalam ekuiti dikelaskan semula kepada untung atau rugi atau di mana berkenaan, dipindahkan terus ke keuntungan terkumpul. Nilai saksama sebarang pelaburan terkumpul di dalam subsidiari pada tarikh kehilangan kawalan dianggap sebagai kos pada pengiktirafan awal pelaburan.

Gabungan perniagaan

Pengambilalihan subsidiari diambilkira menggunakan kaedah perakaunan pengambilalihan. Kos pengambilalihan diukur apabila purata nilai balasan telah dipindahkan, diukur pada nilai saksama tarikh pengambilalihan dan amaun daripada mana-mana kepentingan tak kawal di dalam pihak yang diambilalih. Kumpulan memilih dasar urusniaga-dengan-urusniaga dengan sama ada mengukur kepentingan tak kawal di dalam pihak yang diambilalih sama ada pada nilai saksama atau pada pembahagian seimbang aset bersih yang boleh dikenal pasti ke atas pihak yang diambilalih. Kos urusniaga yang berlaku dibelanjakan dan dimasukkan ke dalam perbelanjaan pentadbiran.

Apa-apa perpindahan balasan luar jangka oleh pengambilalih akan diiktiraf pada nilai saksama pada tarikh pengambilalihan. Balasan luar jangka yang dikelaskan sebagai ekuiti tidak diukur semula dan penyelesaian berikutnya diambilkira di dalam ekuiti. Balasan luar jangka dikelaskan sebagai aset atau liabiliti yang merupakan instrumen kewangan dan dalam skop MFRS 9 Instrumen Kewangan: Pengiktirafan dan Pengukuran, diukur pada nilai saksama dengan perubahan dalam nilai saksama diiktiraf di Penyata Untung Rugi mengikut MFRS 9. Balasan luar jangka lain yang tidak termasuk di dalam skop MFRS 9 diukur pada nilai saksama pada setiap tarikh pelaporan dengan perubahan dalam nilai saksama diiktiraf di untung atau rugi.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material (sambungan)

2.5 Urusniaga dengan kepentingan bukan kawalan

Kepentingan bukan kawalan mewakili ekuiti dalam subsidiari-subsidiari yang tidak boleh diagih, secara langsung atau tidak langsung, kepada pemilik Yayasan, dan akan ditunjukkan secara berasingan di Penyata Pendapatan Komprehensif Disatukan dan dalam ekuiti di Penyata Kedudukan Kewangan, berasingan daripada ekuiti yang boleh diagihkan kepada pemilik Yayasan.

Perubahan dalam kepentingan pemilikan oleh pemilik Yayasan di dalam sebuah subsidiari yang tiada kehilangan kawalan diambilkira sebagai urusniaga ekuiti. Dalam keadaan sedemikian, amaun bawaan bagi kepentingan kawalan dan bukan kawalan diselaraskan untuk menggambarkan perubahan dalam kepentingan relatif mereka dalam subsidiari. Sebarang perbezaan di antara amaun kepentingan bukan kawalan terlaras dan nilai saksama balasan yang dibayar atau diterima diiktiraf secara langsung dalam ekuiti dan diagihkan kepada pemilik Yayasan.

2.6 Mata wang asing

(a) Mata wang fungsian dan persembahan

Penyata kewangan individu bagi setiap entiti dalam Kumpulan diukur menggunakan mata wang persekitaran ekonomi utama di mana entiti itu beroperasi ("mata wang fungsian"). Penyata kewangan disatukan dibentangkan dalam Ringgit Malaysia (RM), yang juga merupakan mata wang fungsian bagi Yayasan.

(b) Urusniaga mata wang asing

Transaksi dalam mata wang asing diukur dalam mata wang fungsi masing-masing bagi Yayasan dan syarikat-syarikat subsidiari dan direkodkan pada pengiktirafan asal mata wang fungsi tersebut berdasarkan anggaran kadar tukaran pada tarikh urus niaga tersebut dilaksanakan. Aset dan liabiliti kewangan dalam mata wang asing dikira pada kadar tukaran yang berkuatkuasa pada tarikh laporan. Item-item bukan monetari dengan denominasi mata wang asing yang dinilai pada kos sejarah diterjemahkan menggunakan kadar tukaran pada tarikh transaksi asal dibuat.

Item-item bukan monetari dengan denominasi mata wang asing yang dinilai pada nilai saksama diterjemahkan menggunakan kadar tukaran pada tarikh nilai saksama tersebut ditentukan. Perbezaan tukaran yang terhasil daripada penyelesaian item monetari atau dalam terjemahan item monetari pada tarikh laporan diiktiraf dalam untung atau rugi, kecuali untuk perbezaan tukaran yang terhasil daripada item monetari yang membentuk sebahagian daripada pelaburan bersih Kumpulan dalam operasi asing yang pada asalnya diiktiraf dalam pendapatan komprehensif lain dan terkumpul di bawah rizab terjemahan mata wang asing di ekuiti. Rizab terjemahan mata wang asing diklasifikasikan daripada ekuiti kepada untung atau rugi Kumpulan bagi pelupusan operasi asing.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material (sambungan)

2.6 Mata wang asing (sambungan)

(b) Urusniaga mata wang asing (sambungan)

Perbezaan tukaran yang terhasil daripada terjemahan item bukan monetari yang dibawa pada nilai yang saksama dimasukkan dalam untung rugi bagi tempoh kecuali bagi perbezaan yang timbul daripada terjemahan perkara bukan kewangan di mana keuntungan dan kerugian diiktiraf terus dalam ekuiti. Perbezaan tukaran terhasil dari item bukan monetari juga diiktiraf terus dalam ekuiti.

(c) Operasi asing

Aset dan liabiliti operasi asing ditukar kepada RM pada kadar pertukaran yang berkuatkuasa pada tarikh laporan dan pendapatan dan perbelanjaan diterjemahkan pada kadar pertukaran pada tarikh urus niaga. Perbezaan pertukaran yang terhasil daripada terjemahan dimasukkan terus ke pendapatan komprehensif lain. Semasa pelupusan sebuah operasi asing, jumlah terkumpul yang diiktiraf dalam pendapatan komprehensif lain dan terkumpul dalam ekuiti di bawah rizab tukaran matawang asing yang berkaitan dengan sesuatu operasi asing akan diiktiraf dalam untung atau rugi.

Muhibah dan pelarasan nilai saksama yang timbul daripada pengambilalihan operasi asing dianggap sebagai aset dan liabiliti operasi asing dan direkod dalam matawang fungsian operasi asing tersebut dan diterjemahkan pada kadar penutup pada tarikh laporan.

2.7 Hartanah, loji dan peralatan

Semua item di dalam hartanah, loji dan peralatan pada awalnya direkod pada kos. Selepas pengiktirafan, hartanah, loji dan peralatan dinyatakan pada kos ditolak susutnilai terkumpul dan kerugian rosotnilai terkumpul.

Tanah milik bebas tidak mempunyai usia penggunaan yang terhad dan oleh itu tidak disusutnilaikan.

Susutnilai dikira mengikut kaedah garis lurus berdasarkan tempoh anggaran usia penggunaan aset-aset berikut:

Tanah pegangan pajakan jangka pendek

Tanah pegangan pajakan jangka Panjang

Baka tumbuhan – kelapa sawit

Bangunan

Loji dan mesin

Peralatan pejabat dan perabot

Kenderaan bermotor

Aset-aset lain

Baki tempoh pajakan

Baki tempoh pajakan

22 tahun

3 hingga 50 tahun

5 hingga 25 tahun

2 hingga 25 tahun

3 hingga 25 tahun

4 hingga 40 tahun

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material (sambungan)

2.7 Hartanah, loji dan peralatan (sambungan)

Aset dalam pembinaan yang dimasukkan dalam hartanah, loji dan peralatan tidak disusutnilai kerana aset-aset tersebut masih belum boleh digunakan.

Nilai bawaan hartanah, loji dan peralatan akan disemak untuk dirosotnilai apabila terdapat peristiwa atau perubahan yang menunjukkan bahawa nilai bawaan tidak boleh diperolehi semula.

Nilai baki, usia penggunaan dan kaedah susutnilai disemak dan diselaraskan jika bersesuaian pada setiap tarikh penyata kedudukan kewangan.

Hartanah, loji dan peralatan akan dinyahiktiraf apabila dilupuskan atau tiada jangkaan faedah ekonomi masa depan daripada penggunaannya atau pelupusannya. Untung atau rugi atas penyahiktirafan aset dimasukkan di untung atau rugi pada tahun aset itu dinyahiktiraf.

2.8 Pajakan

Kumpulan menilai pada permulaan kontrak sama ada kontrak adalah, atau mengandungi, pajakan. Iaitu, jika kontrak tersebut memberikan hak untuk mengawal penggunaan aset yang dikenalpasti untuk suatu jangka masa sebagai pertukaran pertimbangan.

Kumpulan sebagai pemajak

Kumpulan menggunakan pendekatan pengiktirafan dan pengukuran tunggal untuk semua pajakan, kecuali pajakan jangka pendek dan pajakan aset bernilai rendah. Kumpulan mengiktiraf liabiliti pajakan bagi melakukan pembayaran pajakan dan hak mengguna aset yang mewakili hak untuk menggunakan aset pendasar.

i) Hak mengguna aset

Kumpulan mengiktiraf hak mengguna aset pada tarikh permulaan pajakan (iaitu, tarikh aset pendasar tersedia untuk digunakan). Hak mengguna aset diukur pada kos, ditolak susutnilai terkumpul dan kerugian rosotnilai, dan disesuaikan untuk pengukuran semula liabiliti pajakan. Kos hak mengguna aset merangkumi jumlah liabiliti pajakan yang diiktiraf, kos langsung awal yang terlibat, dan pembayaran pajakan yang dibuat pada atau sebelum tarikh permulaan ditolak sebarang insentif pajakan yang diterima. Hak mengguna aset disusutnilai berdasarkan garis lurus sepanjang jangka masa pajakan dan jangka hayat berguna aset tersebut, yang mana lebih singkat, seperti berikut:

Tanah pajakan jangka panjang Baki tempoh pajakan 10 ke 60 tahun

Premis pejabat 2 ke 60 tahun

Peralatan 4 ke 10 tahun

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material (sambungan)

2.8 Pajakan (sambungan)

Kumpulan sebagai pemajak (sambungan)

i) Hak mengguna aset (sambungan)

Sekiranya pemilikan aset pajakan dipindahkan ke Kumpulan pada akhir tempoh pajakan atau kosnya menggambarkan pelaksanaan opsyen pembelian, susut nilai dikira menggunakan anggaran jangka hayat aset tersebut.

Hak mengguna aset juga tertakluk kepada rosotnilai. Dasar untuk pengiktirafan dan pengukuran kerugian rosotnilai adalah mengikut Nota 2.13.

ii) Liabiliti pajakan

Pada tarikh permulaan pajakan, Kumpulan mengiktiraf liabiliti pajakan yang diukur pada nilai kini bayaran pajakan yang perlu dibuat sepanjang tempoh pajakan. Bayaran pajakan merangkumi bayaran tetap (termasuk bayaran tetap terkandung) ditolak sebarang insentif pajakan belum diterima, bayaran pajakan boleh ubah yang bergantung pada indeks atau kadar, dan jumlah yang dijangka akan dibayar di bawah jaminan baki nilai. Bayaran pajakan juga merangkumi harga pelaksanaan opsyen belian yang cukup pasti dilaksanakan oleh Kumpulan dan bayaran denda bagi penamatan pajakan, jika jangka masa pajakan menggambarkan Syarikat yang melaksanakan pilihan untuk menamatkan pajakan. Pembayaran pajakan boleh ubah yang tidak bergantung kepada indeks atau kadar diiktiraf sebagai perbelanjaan (melainkan ianya wujud bagi menghasilkan inventori) dalam tempoh di mana peristiwa atau keadaan yang mencetuskan pembayaran berlaku.

Dalam mengira nilai kini bayaran pajakan, Kumpulan menggunakan kadar pinjaman berperingkat pada tarikh permulaan pajakan kerana kadar faedah yang tersirat dalam pajakan tidak mudah ditentukan. Selepas tarikh permulaan, jumlah liabiliti pajakan meningkat untuk menunjukkan kenaikan faedah dan pengurangan dalam bayaran pajakan yang dibuat. Di samping itu, jumlah bawaan liabiliti pajakan diukur semula sekiranya terdapat perubahan, perubahan dalam jangka masa pajakan, perubahan bayaran pajakan (contohnya, perubahan pada bayaran masa depan yang disebabkan oleh perubahan indeks atau kadar yang digunakan untuk menentukan bayaran pajakan tersebut) atau perubahan dalam penilaian pilihan untuk membeli aset pendasar.

Liabiliti pajakan Kumpulan dinyatakan di Nota 31.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material (sambungan)

2.8 Pajakan (sambungan)

Kumpulan sebagai pemajak (sambungan)

iii) Pajakan jangka pendek dan pajakan aset nilai rendah

Kumpulan menggunakan pengecualian pengiktirafan pajakan jangka pendek bagi pajakan mesin dan peralatan jangka pendeknya (iaitu, pajakan yang mempunyai jangka masa pajakan 12 bulan atau kurang dari tarikh permulaan dan tidak mengandungi pilihan pembelian). Kumpulan juga menggunakan pengecualian pengiktirafan aset bernilai rendah untuk pajakan peralatan pejabat yang dianggap bernilai rendah. Bayaran pajakan bagi pajakan jangka pendek dan pajakan aset bernilai rendah diiktiraf sebagai perbelanjaan berdasarkan garis lurus sepanjang tempoh pajakan.

Kumpulan sebagai pemberi pajakan

Pajakan di mana Kumpulan tidak memindahkan secara dasarnya semua risiko dan ganjaran yang berkaitan dengan pemilikan aset diklasifikasikan sebagai pajakan operasi. Pendapatan sewa yang timbul diakaunkan berdasarkan garis lurus sepanjang tempoh pajakan dan dimasukkan dalam pendapatan dalam penyata untung atau rugi kerana sifat operasinya. Kos langsung awalan yang timbul dalam perundingan dan pajakan operasi ditambahkan ke nilai bawaan aset yang dipajak dan diiktiraf sepanjang tempoh pajakan pada asas yang sama dengan pendapatan sewa. Sewa luar jangka diiktiraf sebagai pendapatan di dalam tempoh di mana ia diperoleh.

2.9 Aset biologi

(i) Penghasilan pertumbuhan baka tumbuhan

Penghasilan pertumbuhan baka tumbuhan diukur pada nilai saksama ditolak kos untuk dijual. Untung atau rugi hasil dari perubahan dalam nilai saksama ditolak kos untuk dijual diiktiraf di untung atau rugi. Nilai saksama dikenalpasti berdasarkan pada nilai semasa jangkaan aliran tunai bersih daripada aset biologi. Anggaran jangkaan aliran tunai bersih menggunakan kaedah jangkaan pengeluaran dan jangkaan harga pasaran aset biologi.

Aset biologi dikelaskan sebagai aset semasa bagi baka tumbuhan yang dijangka dituai dan dijual atau digunakan untuk pengeluaran pada tarikh tidak melebihi 12 bulan selepas tarikh pelaporan.

(ii) Penanaman pokok untuk kayu

Penanaman pokok untuk kayu diukur pada nilai saksama ditolak kos untuk dijual pada tarikh pelaporan dan perubahan dalam nilai saksama diiktiraf dalam untung atau rugi.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material (sambungan)

2.10 Tanah dipegang untuk pembangunan hartanah dan kos pembangunan hartanah

(i) Tanah dipegang untuk pembangunan hartanah

Tanah dipegang untuk pembangunan hartanah terdiri daripada tanah di mana tiada aktiviti pembangunan dijalankan atau aktiviti pembangunan dijangka tidak dapat disiapkan dalam tempoh kitaran operasi biasa. Tanah sedemikian dikelaskan dalam aset bukan semasa dan dinyatakan pada kos ditolak sebarang kerugian rosotnilai terkumpul.

Tanah dipegang untuk pembangunan hartanah diklasifikasikan semula sebagai kos pembangunan hartanah apabila aktiviti pembangunan telah bermula dan menunjukkan ianya dapat disiapkan dalam tempoh kitaran operasi biasa.

(ii) Kos pembangunan hartanah

Kos pembangunan hartanah terdiri daripada semua kos langsung yang berkaitan dengan aktiviti pembangunan atau boleh diperuntukan secara munasabah kepada aktiviti-aktiviti tersebut.

Apabila anggaran adalah pasti atas kesan kewangan daripada aktiviti pembangunan, hasil dan perbelanjaan bagi pembangunan hartanah akan diiktiraf dalam untung atau rugi dengan menggunakan kaedah peringkat siap. Peringkat siap ditentukan oleh kadar kos pembangunan hartanah bagi kerja terlaksana terkini kepada jumlah anggaran kos pembangunan hartanah.

Apabila anggaran tidak dapat dibuat ke atas kesan kewangan daripada aktiviti pembangunan, hasil pembangunan hartanah hanya diiktiraf setakat kos pembangunan hartanah yang berkemungkinan akan diperolehi semula, dan kos pembangunan hartanah ke atas hartanah terjual diiktiraf sebagai perbelanjaan dalam tempoh ianya berlaku.

Apa-apa jangkaan kerugian ke atas projek pembangunan, termasuk kos yang akan berlaku semasa tempoh tanggungan kecacatan, diiktiraf terus sebagai perbelanjaan.

Kos pembangunan hartanah yang tidak diiktiraf sebagai perbelanjaan akan diiktiraf sebagai aset, yang diukur pada nilai terendah di antara kos dan nilai bersih boleh direalisasi.

Lebihan hasil ke atas bil kepada pembeli yang diiktiraf dalam untung atau rugi dikelaskan sebagai bil terakru dalam aset semasa dan lebihan bil kepada pembeli ke atas hasil yang diiktiraf dalam untung atau rugi dikelaskan sebagai bil berperingkat dalam liabiliti semasa.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material (sambungan)

2.11 Hartanah pelaburan

Hartanah pelaburan adalah hartanah yang dimiliki sama ada oleh Kumpulan atau dipajak di bawah pajakan kewangan yang dipegang untuk memperolehi pendapatan sewa atau untuk menambah nilai modal, atau kedua-duanya, bukannya untuk digunakan dalam pengeluaran atau bekalan barangan atau perkhidmatan, atau untuk tujuan pentadbiran, atau dalam urusan biasa perniagaan. Hartanah pelaburan terdiri daripada hartanah pelaburan yang telah siap dan hartanah yang sedang dibina atau dibangunkan untuk kegunaan masa depan sebagai hartanah pelaburan. Hartanah dipegang melalui pajakan operasi dikelaskan sebagai hartanah pelaburan apabila definisi hartanah pelaburan dicapai.

Hartanah pelaburan termasuklah kos urusniaga, pada permulaannya diukur pada kos. Kos menggantikan sebahagian hartanah pelaburan sedia ada semasa kos berlaku, termasuk di dalam amaun bawaan sekiranya kriteria pengiktirafan dipenuhi.

Selepas pengiktirafan permulaan, hartanah pelaburan dinyatakan pada kos ditolak susutnilai terkumpul dan kerugian rosot nilai terkumpul. Polisi susutnilai bagi hartanah pelaburan adalah selaras dengan polisi susutnilai hartanah, loji dan peralatan seperti yang dinyatakan dalam Nota 2.7.

Hartanah pelaburan dinyahiktiraf apabila ia dilupuskan atau tidak lagi digunakan secara tetap dan tiada pulangan masa hadapan dijangka dari pelupusan tersebut. Sebarang keuntungan atau kerugian dari penghentian atau pelupusan sebuah hartanah pelaburan diiktiraf dalam untung atau rugi dalam tahun ianya berlaku.

Pemindahan kepada atau daripada hartanah pelaburan hanya dibuat apabila terdapat perubahan dalam penggunaan.

2.12 Aset tidak ketara

(a) Muhibah

Muhibah pada permulaannya dikira pada kos. Selepas pengiktirafan awal, muhibah diukur pada kos ditolak rugi rosotnilai terkumpul.

Bagi tujuan pengujian rosotnilai, muhibah yang diambilalih dari gabungan perniagaan dari tarikh pengambilalihan merupakan peruntukan unit penjanaan tunai Kumpulan yang dijangka akan mendapat manfaat daripada sinergi kombinasi tersebut, tidak kira sama ada aset atau tanggungan lain daripada yang diambilalih di tempatkan di unit tersebut.

Muhibah yang diperuntukkan kepada unit penjanaan tunai diuji untuk rosotnilai setiap tahun dan jika terdapat petunjuk rosotnilai terhadap unit penjanaan tunai tersebut. Rosotnilai muhibah ditentukan dengan menaksir amaun boleh pulih bagi setiap unit penjanaan tunai (atau kumpulan unit penjanaan tunai) berkaitan dengan muhibah. Jika amaun boleh pulih unit penjanaan tunai adalah kurang daripada amaun bawaan, kerugian rosotnilai diiktiraf dalam untung atau rugi. Kerugian rosotnilai muhibah yang diiktiraf tidak dibalikkan pada tempoh berikutnya.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material (sambungan)

2.12 Aset tidak ketara (sambungan)

(a) Muhibah (sambungan)

Apabila muhibah membentuk sebahagian daripada unit penjanaan tunai dan sebahagian daripada operasi yang dilupuskan dalam unit penjanaan tunai tersebut, muhibah yang berkaitan dengan operasi yang dilupuskan dimasukkan ke dalam nilai bawaan operasi dalam menentukan untung atau rugi atas pelupusan operasi. Muhibah yang dilupuskan dalam keadaan ini diukur berdasarkan kepada nilai saksama relatif operasi yang dilupuskan dan bahagian unit penjanaan tunai yang dikekalkan.

(b) Aset tidak ketara lain

Aset tidak ketara yang diperoleh secara berasingan diukur permulaannya pada kos. Kos aset tidak ketara diperolehi dalam kombinasi perniagaan merupakan nilai saksama aset tidak ketara tersebut pada tarikh pengambilalihan. Selepas permulaan pengambilalihan, aset tidak ketara dikira pada kos ditolak sebarang pelunasan terkumpul dan kerugian rosotnilai terkumpul.

Usia penggunaan aset tidak ketara adalah dinilai sama ada sebagai terhad atau tidak terhad.

Aset tidak ketara dengan usia penggunaan terhad dilunaskan sepanjang anggaran usia penggunaan dan dinilai untuk rosotnilai apabila terdapat petunjuk bahawa nilai aset tidak ketara mungkin merosot. Tempoh pelunasan dan kaedah pelunasan dikaji semula sekurang-kurangnya pada setiap akhir tahun kewangan. Perubahan dalam jangkaan usia penggunaan atau jangkaan corak penggunaan manfaat ekonomi masa hadapan yang terkandung di dalam aset diambilkira dengan mengubah tempoh atau kaedah pelunasan yang bersesuaian dan dianggap sebagai perubahan dalam anggaran perakaunan.

Aset tidak ketara dengan usia penggunaan tidak terhad atau belum tersedia untuk digunakan diuji rosotnilai setiap tahun, atau lebih kerap jika peristiwa dan keadaan menunjukkan bahawa nilai bawaan mungkin mengalami rosotnilai sama ada secara individu atau di peringkat unit penjanaan tunai. Tiada perlunasan terhadap aset tidak ketara tersebut. Usia penggunaan bagi aset tidak ketara yang tidak terhad dikaji semula setiap tahun untuk menentukan sama ada penilaian usia penggunaan boleh diteruskan. Jika tidak, perubahan usia penggunaan daripada tidak terhad kepada terhad dilakukan dengan asas prospektif.

Keuntungan atau kerugian yang timbul daripada penyahiktirafan aset tidak ketara diukur apabila perbezaan di antara perolehan bersih pelupusan dan nilai bawaan aset dan diiktiraf di untung atau rugi apabila aset dinyahiktiraf.

Hak konsesi kayu

Hak konsesi kayu dinyatakan pada kos (dianggap sebagai kos kepada penilaian pengarah berdasarkan nasihat kakitangan profesional Syarikat pada tahun 1988) ditolak pelunasan terkumpul dan sebarang kerugian rosotnilai terkumpul. Hak konsesi kayu dilunaskan mengikut kaedah garis lurus sepanjang tempoh konsesi yang masih ada.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material (sambungan)

2.13 Rosotnilai aset-aset bukan kewangan

Pada setiap tarikh pelaporan, Kumpulan dan Yayasan menilai sama ada terdapat tanda-tanda rosotnilai terhadap aset. Jika terdapat petunjuk sedemikian, atau keperluan dalam ujian tahunan terhadap rosotnilai aset, anggaran dibuat oleh Kumpulan ke atas amaun aset boleh pulih.

Amaun aset boleh pulih adalah aset atau unit penjanaan tunai yang mana lebih tinggi, ditolak kos pelupusan dan nilai digunakan dan ditentukan bagi aset individu, melainkan aset tersebut tidak menghasilkan aliran masuk tunai yang sebahagian besarnya tidak bergantung kepada aset lain atau kumpulan aset. Bagi tujuan penilaian rosotnilai, aset dikumpulkan pada tahap terendah yang mana terdapat aliran tunai yang dapat dikenalpasti secara berasingan (unit penjanaan tunai ("CGU")).

Bagi nilai bawaan sesuatu aset atau CGU melebihi amaun boleh pulih, aset itu dianggap mengalami rosotnilai dan diturunkan ke amaun boleh pulih. Dalam menaksir nilai digunakan, anggaran aliran tunai masa hadapan yang dijangka akan dihasilkan oleh aset didiskaunkan kepada nilai semasa dengan menggunakan kadar diskaun sebelum cukai yang mencerminkan penilaian pasaran semasa nilai masa wang dan risiko khusus kepada aset tersebut. Dalam menentukan nilai saksama ditolak kos pelupusan, transaksi pasaran baru-baru ini diambilkira, jika ada. Jika tiada transaksi sedemikian dapat dikenalpasti, model penilaian yang sesuai digunakan. Kerugian rosotnilai yang diiktiraf berhubung dengan CGU atau kumpulan CGU diperuntukkan untuk mengurangkan amaun bawaan aset di dalam unit atau kumpulan unit secara pro rata.

Kumpulan dan Yayasan merangkumi pengiraan rosotnilai pada belanjawan terperinci dan pengiraan ramalan yang disediakan secara berasingan untuk setiap unit penjanaan tunai Kumpulan dan Yayasan yang mana aset individu diperuntukkan. Pengiraan belanjawan dan ramalan ini biasanya meliputi tempoh lima tahun. Untuk tempoh yang lebih panjang, kadar pertumbuhan jangka panjang dikira dan digunakan untuk projek aliran tunai masa hadapan selepas tahun kelima.

Kerugian rosotnilai akan diiktiraf di untung atau rugi.

Penilaian dibuat pada setiap tarikh pelaporan sama ada terdapat sebarang petunjuk bahawa kerugian rosotnilai yang diiktiraf sebelum ini mungkin tidak lagi wujud atau mungkin berkurangan. Sekiranya terdapat petunjuk sedemikian, Kumpulan dan Yayasan menganggarkan amaun aset atau CGU yang boleh diperolehi semula. Kerugian rosotnilai yang diiktiraf sebelum ini diterbalikkan hanya jika terdapat perubahan dalam anggaran yang digunakan untuk menentukan amaun aset yang boleh diperolehi semula selepas kerugian rosotnilai terakhir diiktiraf. Sekiranya itu berlaku, amaun bawaan aset akan dinaikkan kepada amaun boleh diperolehi semula. Peningkatan tersebut tidak dapat melebihi amaun bawaan yang akan ditentukan, setelah susutnilai, tanpa kerugian rosotnilai yang diiktiraf sebelumnya. Pembalikan tersebut diiktiraf di untung atau rugi. Kerugian rosotnilai pada muhibah tidak dibalikkan dalam tempoh yang berikutnya.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material (sambungan)

2.14 Syarikat-syarikat subsidiari

Syarikat subsidiari adalah entiti di mana Kumpulan mempunyai semua yang berikut:

i) kuasa ke atas entiti tersebut (iaitu hak sedia ada yang memberikan keupayaan semasa untuk mengarah aktiviti-aktiviti berkaitan entiti tersebut);

ii) terdedah kepada, atau mempunyai hak ke atas pulangan boleh ubah atas pelaburan dalam entiti tersebut; dan iii) keupayaan untuk mempengaruhi pulangan entiti terlibat melalui kuasa ke atas entiti tersebut.

Di dalam penyata kewangan Yayasan yang berasingan, pelaburan dalam syarikat subsidiari diambilkira pada kos tolak kerugian rosotnilai. Apabila sesuatu pelaburan dilupuskan, perbezaan antara hasil pelupusan bersih dan nilai bawaan diiktiraf dalam untung atau rugi.

2.15 Pelaburan dalam syarikat bersekutu dan usahasama

Syarikat bersekutu adalah syarikat di mana Kumpulan mempunyai pengaruh signifikan dalam membuat keputusan mengenai polisi kewangan dan operasi. Pengaruh signifikan adalah kuasa untuk terlibat dalam membuat keputusan polisi kewangan dan operasi syarikat bersekutu tetapi bukan untuk melaksanakan kawalan atas polisi tersebut.

Syarikat usahasama merupakan perjanjian bersama di antara pihak-pihak yang mempunyai perjanjian kawalan bersama mempunyai hak ke atas aset-aset bersih dalam perjanjian tersebut. Kawalan bersama adalah kontrak persetujuan berkongsi kawalan, yang wujud hanya apabila keputusan mengenai aktiviti-aktiviti berkaitan memerlukan persetujuan semua pihak-pihak yang berkongsi kawalan.

Apabila pengambilalihan berlaku ke atas pelaburan dalam syarikat bersekutu atau syarikat usahasama, mana-mana lebihan daripada kos pelaburan berbanding bahagian Kumpulan atas nilai saksama bersih aset dan liabiliti-liabiliti yang dikenalpasti dalam pihak penerima pelaburan diiktiraf sebagai muhibah dan dimasukkan ke dalam nilai bawaan pelaburan tersebut. Sebarang lebihan bahagian bagi Kumpulan atas nilai saksama bersih aset dan liabiliti-liabiliti pihak penerima pelaburan ke atas kos pelaburan tidak termasuk dalam nilai bawaan pelaburan sebaliknya dimasukkan sebagai pendapatan dalam menentukan bahagian untung atau rugi syarikat bersekutu atau syarikat usahasama bagi Kumpulan bagi tempoh pelaburan diperoleh.

Sebuah syarikat bersekutu atau usahasama diambilkira sebagai ekuiti dari tarikh pihak yang penerima pelaburan menjadi sebuah syarikat bersekutu atau usahasama.

Di bawah kaedah ekuiti, pengiktirafan atas permulaan pelaburan dalam syarikat bersekutu atau usahasama dinyatakan pada kos, dan nilai bawaan meningkat atau menurun bagi mengiktiraf bahagian Kumpulan dalam untung atau rugi dan lain-lain pendapatan komprehensif bagi syarikat bersekutu atau syarikat usahasama selepas tarikh pengambilalihan. Apabila bahagian kerugian dalam syarikat bersekutu atau usaha sama bagi Kumpulan sama atau melebihi kepentingannya dalam syarikat bersekutu atau syarikat usahasama, Kumpulan tidak mengiktiraf kerugian selanjutnya, kecuali ia mempunyai obligasi perundangan atau konstruktif atau membuat pembayaran bagi pihak syarikat bersekutu atau usahasama.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material (sambungan)

2.15 Pelaburan dalam syarikat bersekutu dan usahasama (sambungan)

Keuntungan dan kerugian terhasil daripada urusniaga antara Kumpulan dan syarikat bersekutu atau usahasama diiktiraf dalam penyata kewangan Kumpulan setakat kepentingan pelabur yang tidak berkaitan dalam syarikat bersekutu atau usahasama. Kerugian tidak direalisasi dihapuskan kecuali urusniaga berkenaan menunjukkan bukti rosotnilai harta yang telah dipindahkan.

Penyata kewangan syarikat-syarikat bersekutu dan usahasama telah disediakan pada tarikh pelaporan yang sama dengan Syarikat. Apabila perlu, pelarasan dibuat untuk menjadikan dasar-dasar perakaunan selari dengan Kumpulan.

Selepas penggunaan kaedah perakaunan ekuiti, Kumpulan menggunapakai MFRS 9 Instrumen Kewangan: Pengiktirafan dan Pengukuran untuk menentukan sama ada ianya perlu mengiktiraf sebarang rosotnilai tambahan yang berkaitan dengan pelaburan bersih di dalam syarikat bersekutu atau usahasama. Apabila perlu, seluruh nilai bawaan pelaburan diuji rosotnilai selaras dengan MFRS 9 Rosotnilai Aset-aset sebagai aset tunggal, dengan membandingkan jumlah yang dapat dipulihkan (tertinggi antara nilai yang digunakan dan nilai saksama tolak kos untuk menjual) dengan nilai bawaannya. Sebarang kerugian rosotnilai diiktiraf dalam untung atau rugi. Pembalikan semula kerugian rosotnilai diiktiraf setakat amaun boleh pulih pelaburan seterusnya meningkat.

Di dalam penyata kewangan Yayasan yang berasingan, pelaburan dalam syarikatsyarikat bersekutu dan syarikat usahasama dikira pada kos tolak kerugian rosotnilai. Apabila sesuatu pelaburan dilupuskan, perbezaan antara hasil pelupusan bersih dan nilai bawaan diiktiraf dalam untung atau rugi.

2.16 Klasifikasi semasa atau bukan semasa

Kumpulan membentangkan aset dan liabiliti dalam penyata kedudukan kewangan berdasarkan klasifikasi semasa / bukan semasa. Aset adalah semasa apabila ianya:

- dijangka dapat direalisasikan atau dicadang untuk dijual atau digunakan dalam kitaran operasi biasa;

- dipegang terutamanya untuk tujuan diperdagangkan;

- dijangka dapat direalisasikan dalam tempoh dua belas bulan selepas tempoh pelaporan; atau

- tunai atau tunai setara melainkan diterhadkan kepada pertukaran atau digunakan untuk menyelesaikan tanggungan sekurang-kurangnya dua belas bulan selepas tempoh pelaporan.

Semua aset lain diklasifikasikan sebagai bukan semasa.

Liabiliti adalah semasa apabila:

- ia dijangka diselesaikan dalam kitaran operasi biasa;

- ia dipegang terutamanya untuk tujuan diperdagangkan;

- ia perlu diselesaikan dalam masa dua belas bulan selepas tempoh pelaporan; atau

- tiada hak tanpa syarat untuk menangguhkan penyelesaian tanggungan sekurangkurangnya dua belas bulan selepas tempoh pelaporan.

Kumpulan mengklasifikasikan semua liabiliti lain sebagai bukan semasa.

Aset dan liabiliti cukai tertunda dikelaskan sebagai aset dan liabiliti bukan semasa.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material (sambungan)

2.17 Nilai saksama aset dan liabiliti

Kumpulan mengukur instrumen kewangan seperti derivatif pada nilai saksama pada setiap tarikh pelaporan.

Nilai saksama adalah harga yang akan diterima untuk menjual aset atau dibayar untuk memindahkan liabiliti dalam urusniaga teratur antara peserta pasaran pada tarikh pengukuran. Pengukuran nilai saksama adalah berdasarkan anggapan bahawa transaksi untuk menjual aset atau pemindahan liabiliti berlaku sama ada:

 di pasaran utama bagi aset atau liabiliti; atau

 dalam ketiadaan pasaran utama, dalam pasaran yang paling berfaedah bagi aset atau liabiliti.

Pasaran utama atau pasaran yang paling berfaedah mesti boleh diakses oleh Kumpulan.

Nilai saksama sesuatu aset atau liabiliti diukur dengan menggunakan andaian peserta pasaran apabila menentukan harga aset atau liabiliti, dengan mengambilkira bahawa peserta pasaran bertindak dalam kepentingan ekonomi mereka yang terbaik.

Pengukuran nilai saksama aset bukan kewangan mengambil kira keupayaan peserta pasaran untuk menjana manfaat ekonomi dengan menggunakan aset itu dalam penggunaannya yang tertinggi dan terbaik atau dengan menjualnya kepada peserta pasaran yang lain yang akan menggunakan aset itu dalam penggunaan yang tertinggi dan terbaik.

Kumpulan menggunakan teknik penilaian yang sesuai dalam keadaan dan data yang mencukupi tersedia untuk mengukur nilai saksama, memaksimumkan penggunaan input yang boleh diperhatikan dan meminimumkan penggunaan input yang tidak dapat diperhatikan.

Semua aset dan liabiliti di mana nilai saksama diukur atau didedahkan dalam penyata kewangan dikategorikan dalam hierarki nilai saksama, yang digambarkan sebagai berikut, berdasarkan input tahap terendah yang signifikan kepada pengukuran nilai saksama secara keseluruhannya:

 Tahap 1 - Harga pasaran disebut harga (tidak diselaraskan) dalam pasaran aktif untuk aset atau liabiliti yang sama;;

 Tahap 2 - Teknik penilaian yang mana input tahap terendah yang signifikan kepada pengukuran nilai saksama secara langsung atau tidak langsung dapat diperhatikan;

 Tahap 3 - Teknik penilaian yang mana input tahap terendah yang signifikan kepada pengukuran nilai saksama tidak dapat diperhatikan.

Bagi aset dan liabiliti yang diiktiraf dalam penyata kewangan pada nilai saksama atas dasar berulang, Kumpulan menentukan sama ada pemindahan telah berlaku di antara peringkat dalam hierarki dengan menilai semula kategori (berdasarkan input tahap terendah yang signifikan kepada pengukuran nilai saksama secara keseluruhan) pada setiap akhir tempoh pelaporan.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material (sambungan)

2.18 Instrumen kewangan – pengiktirafan awal dan pengukuran seterusnya

Instrumen kewangan adalah sebarang kontrak yang meningkatkan aset kewangan satu entiti dan liabiliti kewangan atau instrumen ekuiti entiti lain.

(i) Aset kewangan

Pengiktirafan dan pengukuran awal

Aset kewangan dikelaskan, pada pengiktirafan awal, sebagaimana kemudiannya diukur pada kos pelunasan, nilai saksama melalui pendapatan komprehensif lain ("OCI"), dan nilai saksama melalui untung atau rugi.

Pengelasan aset kewangan pada pengiktirafan awal bergantung kepada ciri-ciri aliran tunai kontrak aset kewangan dan model perniagaan Kumpulan untuk menguruskannya.

Agar aset kewangan dapat diklasifikasikan dan diukur pada kos yang dilunaskan atau nilai saksama melalui OCI, ia perlu menimbulkan aliran tunai yang merupakan 'pembayaran prinsipal dan faedah sahaja ("SPPI")’ atas jumlah prinsipal yang belum dijelaskan. Penilaian ini dirujuk sebagai ujian SPPI dan dilakukan pada tahap instrumen. Aset kewangan dengan aliran tunai yang bukan SPPI dikelaskan dan diukur pada nilai saksama melalui untung atau rugi, tanpa mengira model perniagaan.

Model perniagaan Kumpulan bagi menguruskan aset kewangan merujuk kepada bagaimana ia mengurus aset kewangannya untuk menghasilkan aliran tunai. Model perniagaan menentukan sama ada aliran tunai akan terhasil daripada pengumpulan aliran tunai kontrak, penjualan aset kewangan, atau kedua-duanya. Aset kewangan yang diklasifikasikan dan diukur pada kos dilunaskan dipegang dalam model perniagaan dengan objektif untuk memegang aset kewangan untuk mengumpulkan aliran tunai kontrak sementara aset kewangan yang diklasifikasikan dan diukur pada nilai saksama melalui OCI disimpan dalam model perniagaan dengan objektif keduaduanya memegang untuk mengumpulkan aliran tunai dan penjualan kontrak.

Pembelian atau penjualan aset kewangan yang memerlukan penghantaran aset dalam jangka waktu yang ditentukan oleh peraturan atau konvensi di pasaran (perdagangan dengan cara biasa) diiktiraf pada tarikh perdagangan, iaitu, tarikh Syarikat berkomitmen untuk membeli atau menjual aset tersebut.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material (sambungan)

2.18 Instrumen kewangan – pengiktirafan awal dan pengukuran seterusnya (sambungan)

(i) Aset kewangan (sambungan)

Pengukuran seterusnya

Bagi tujuan pengukuran seterusnya, aset kewangan diklasifikasikan kepada empat kategori:

- Aset kewangan pada kos dilunaskan (instrumen hutang)

- Aset kewangan pada nilai saksama melalui OCI dengan kitar semula keuntungan dan kerugian terkumpul (instrumen hutang)

- Aset kewangan yang ditentukan pada nilai saksama melalui OCI tanpa mengitar semula keuntungan dan kerugian terkumpul semasa penyahiktirafan (instrumen ekuiti)

- Aset kewangan pada nilai saksama melalui untung atau rugi

Aset kewangan pada kos dilunaskan (instrumen hutang)

Aset kewangan pada kos dilunaskan seterusnya diukur menggunakan kaedah kadar faedah efektif ("EIR") dan tertakluk kepada penurunan nilai. Keuntungan dan kerugian diiktiraf di untung atau rugi apabila aset tersebut dinyahiktiraf, diubahsuai atau dirosotnilai.

Aset kewangan pada nilai saksama melalui OCI (instrumen hutang)

Bagi instrumen hutang pada nilai saksama melalui OCI, pendapatan dan kerugian rosotnilai atau pembalikan faedah diiktiraf di untung atau rugi dan dikira dengan cara yang sama seperti untuk aset kewangan yang diukur pada kos dilunaskan. Baki perubahan nilai saksama adalah diiktiraf di OCI. Setelah penyahiktirafan, perubahan nilai saksama terkumpul yang diiktiraf dalam OCI dikitar semula ke untung atau rugi.

Setelah pengiktirafan awal, Kumpulan boleh memilih untuk mengklasifikasikan pelaburan ekuiti yang tidak dapat ditarik balik sebagai instrumen ekuiti yang ditentukan pada nilai saksama melalui OCI apabila memenuhi definisi ekuiti di bawah MFRS 132 Instrumen Kewangan: Pembentangan dan tidak dipegang untuk dijual. Klasifikasi ditentukan berdasarkan instrumen demi instrumen.

Keuntungan dan kerugian aset kewangan ini tidak akan dikitar semula ke untung atau rugi. Dividen diiktiraf sebagai pendapatan lain dalam untung atau rugi apabila hak pembayaran telah ditetapkan, kecuali apabila Kumpulan mendapat manfaat dari perolehan tersebut sebagai pemulihan sebahagian daripada kos aset kewangan, dalam hal ini, keuntungan tersebut dicatat dalam OCI. Instrumen ekuiti yang ditentukan pada nilai saksama melalui OCI tidak tertakluk kepada penilaian rosotnilai.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material (sambungan)

2.18 Instrumen kewangan – pengiktirafan awal dan pengukuran seterusnya (sambungan)

(i) Aset kewangan (sambungan)

Pengukuran seterusnya (sambungan)

Aset kewangan pada nilai saksama melalui untung atau rugi

Aset kewangan pada nilai saksama melalui untung atau rugi dibawa di penyata kedudukan kewangan pada nilai saksama dengan perubahan bersih dalam nilai saksama diiktiraf dalam untung atau rugi.

Kategori ini merangkumi instrumen derivatif dan pelaburan ekuiti tersenarai yang tidak dipilih oleh Kumpulan untuk diklasifikasikan pada nilai saksama melalui OCI. Dividen pelaburan ekuiti yang disenaraikan diiktiraf sebagai pendapatan lain di penyata untung atau rugi apabila hak pembayaran telah ditetapkan.

Derivatif terbenam di dalam kontrak hibrid, dengan liabiliti kewangan atau tuan rumah bukan kewangan, dipisahkan dari tuan rumah dan diambil kira sebagai derivatif berasingan jika: ciri dan risiko ekonomi tidak berkait rapat dengan tuan rumah; instrumen berasingan dengan istilah yang sama dengan derivatif terbenam akan memenuhi definisi derivatif; dan kontrak hibrid tidak diukur pada nilai saksama melalui untung atau rugi. Derivatif terbenam diukur pada nilai saksama dengan perubahan nilai saksama diiktiraf di untung atau rugi. Penilaian semula hanya berlaku jika terdapat perubahan dalam terma kontrak yang secara signifikan mengubah aliran tunai yang diperlukan atau pengkelasan semula aset kewangan keluar daripada kategori nilai saksama melalui untung rugi.

Penyahiktirafan

Aset kewangan (atau, jika berkenaan, sebahagian daripada aset kewangan atau sebahagian daripada sekumpulan aset kewangan yang serupa) dinyahiktiraf (iaitu, dikeluarkan dari penyata kedudukan kewangan Syarikat) apabila:

- Hak menerima aliran tunai dari aset telah tamat tempoh; atau

- Kumpulan telah memindahkan haknya untuk menerima aliran tunai dari aset atau mengandaikan kewajiban untuk membayar aliran tunai yang diterima sepenuhnya tanpa kelewatan material kepada pihak ketiga di bawah pengaturan 'pass-through'; dan sama ada (a) Kumpulan telah memindahkan secara substansial semua risiko dan ganjaran aset tersebut, atau (b) Kumpulan tidak memindahkan atau mengekalkan secara substansial semua risiko dan ganjaran aset tersebut, tetapi telah memindahkan kawalan aset tersebut.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material (sambungan)

2.18 Instrumen kewangan – pengiktirafan awal dan pengukuran seterusnya (sambungan)

(i) Aset kewangan (sambungan)

Penyahiktirafan (sambungan)

Apabila Kumpulan telah memindahkan haknya untuk menerima aliran tunai dari aset atau telah melakukan pengaturan pass-through, ia menilai jika, dan sejauh mana, ia telah mengekalkan risiko dan manfaat pemilikan. Apabila ia tidak memindahkan atau mengekalkan secara substansial semua risiko dan ganjaran aset tersebut, atau tidak memindahkan kawalan aset tersebut, Kumpulan terus mengiktiraf aset yang dipindahkan setakat penglibatannya secara berterusan. Dalam kes tersebut, Kumpulan juga mengiktiraf liabiliti yang berkaitan. Aset yang dipindahkan dan liabiliti berkaitan diukur berdasarkan asas yang menggambarkan hak dan tanggungjawab yang telah dikekalkan oleh Kumpulan.

Penglibatan berterusan yang berbentuk jaminan atas aset yang dipindahkan diukur pada amaun terendah antara nilai bawaan asal aset dan jumlah pertimbangan maksimum yang mungkin perlu dibayar balik oleh Kumpulan.

Rosotnilai

Kumpulan mengiktiraf elaun atas kerugian kredit yang dijangka ("ECL") untuk semua instrumen hutang yang dibawa pada kos dilunaskan dan nilai saksama melalui OCI, aset kontrak dan penghutang pajakan. ECL adalah berdasarkan perbezaan antara aliran tunai berkontrak yang tamat mengikut kontrak dan semua aliran tunai yang dijangka diterima, didiskaunkan pada kadar faedah efektif asal ("EIR"). Jangkaan aliran tunai akan merangkumi aliran tunai daripada penjualan cagaran yang dipegang atau penambahbaikkan kredit lain yang penting kepada terma-terma kontrak.

ECL diiktiraf dalam dua peringkat. Untuk pendedahan kredit yang mana tidak terdapat peningkatan risiko kredit yang signifikan sejak pengiktirafan awal, ECL disediakan untuk kerugian kredit yang disebabkan oleh kemungkinan peristiwa gagal dalam tempoh 12 bulan akan datang (ECL 12 bulan). Bagi pendedahan kredit yang terdapat kenaikan risiko kredit yang signifikan sejak pengiktirafan awal, elaun kerugian diperlukan untuk kerugian kredit yang dijangkakan sepanjang baki hayat pendedahan, tanpa mengira masa kegagalan (ECL seumur hidup).

Bagi penghutang perdagangan, pendekatan mudah digunakan dalam pengiraan ECL. Oleh itu, risiko kredit tidak dikesan, tetapi sebaliknya mengiktiraf elaun kerugian berdasarkan ECL seumur hidup pada setiap tarikh pelaporan. Satu matriks peruntukan ditubuhkan dengan berdasarkan kepada sejarah pengalaman kerugian kredit, diselaraskan untuk faktor yang berpandangan ke hadapan khusus kepada penghutang dan persekitaran ekonomi.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material (sambungan)

2.18 Instrumen kewangan – pengiktirafan awal dan pengukuran seterusnya (sambungan)

(i) Aset kewangan (sambungan)

Rosotnilai (sambungan)

Aset kewangan dihapuskira apabila tiada jangkaan yang munasabah untuk memulihkan aliran tunai berkontrak.

(ii) Liabiliti kewangan

Pengiktirafan dan pengukuran awal

Liabiliti kewangan diklasifikasikan, pada pengiktirafan awal, sebagai liabiliti kewangan pada nilai saksama melalui untung atau rugi, pinjaman dan pembiayaan, belum bayar, atau sebagai derivatif yang ditetapkan sebagai instrumen lindung nilai dalam lindung nilai yang berkesan, yang bersesuaian.

Semua liabiliti kewangan pada awalnya diiktiraf pada nilai saksama dan, dalam hal pinjaman dan pembiayaan dan belum bayar, ditolak kos transaksi yang dapat diagihkan secara langsung.

Liabiliti kewangan Kumpulan merangkumi belum bayar dagangan dan lain-lain, pinjaman dan pembiayaan termasuk overdraf bank, dan instrumen kewangan derivatif.

Pengukuran seterusnya

Bagi tujuan pengukuran seterusnya, liabiliti kewangan diklasifikasikan kepada 2 kategori:

- Liabiliti kewangan pada nilai saksama melalui untung atau rugi

- Liabiliti kewangan pada kos dilunaskan

Liabiliti kewangan pada nilai saksama melalui untung atau rugi

Liabiliti kewangan pada nilai saksama melalui untung atau rugi termasuk liabiliti kewangan yang dipegang untuk dagangan dan liabiliti kewangan yang ditetapkan pada pengiktirafan awal pada nilai saksama melalui untung atau rugi.

Liabiliti kewangan diklasifikasikan sebagai dipegang untuk dagangan sekiranya ia diperoleh untuk tujuan membeli semula dalam tempoh terdekat. Kategori ini juga merangkumi instrumen kewangan derivatif yang dimasuki oleh Kumpulan yang tidak ditetapkan sebagai instrumen lindung nilai dalam hubungan lindung nilai seperti yang ditentukan oleh MFRS 9. Derivatif terbenam yang diasingkan juga diklasifikasikan sebagai dipegang untuk dagangan melainkan ditetapkan sebagai instrumen lindung nilai yang berkesan.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material (sambungan)

2.18 Instrumen kewangan – pengiktirafan awal dan pengukuran seterusnya (sambungan)

(ii) Liabiliti kewangan (sambungan)

Liabiliti kewangan pada nilai saksama melalui untung atau rugi (sambungan)

Keuntungan atau kerugian liabiliti yang dipegang untuk dagangan diiktiraf dalam Penyata Untung Rugi.

Liabiliti kewangan yang ditentukan semasa pengiktirafan awal pada nilai saksama melalui untung atau rugi ditetapkan pada tarikh awal pengiktirafan, dan hanya jika kriteria dalam MFRS 9 dipenuhi. Kumpulan tidak menetapkan sebarang liabiliti kewangan pada nilai saksama melalui untung atau rugi.

Liabiliti kewangan pada kos dilunaskan

Ini adalah kategori yang paling berkaitan dengan Kumpulan. Setelah pengiktirafan awal, pinjaman dan pembiayaan berfaedah seterusnya diukur pada kos dilunaskan menggunakan kaedah EIR. Keuntungan dan kerugian diiktiraf di untung atau rugi apabila liabiliti dinyahiktiraf serta melalui proses pelunasan EIR.

Kos dilunaskan dikira dengan mengambilkira sebarang potongan atau premium semasa perolehan dan yuran atau kos yang merupakan bahagian asas EIR. Pelunasan EIR dimasukkan sebagai kos kewangan di Penyata Untung Rugi.

Penyahiktirafan

Liabiliti kewangan dinyahiktiraf apabila obligasi di bawah liabiliti tersebut dilunaskan atau dibatalkan atau tamat tempoh. Apabila liabiliti kewangan sedia ada diganti dengan yang lain dari pemberi pinjaman yang sama dengan syarat yang sangat berbeza, atau terma liabiliti sedia ada diubah secara substansial, pertukaran atau pengubahsuaian tersebut dianggap sebagai penyahiktiraf liabiliti asal dan pengiktirafan liabiliti baru. Perbezaan dalam jumlah bawaan masing-masing diiktiraf di untung atau rugi.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material (sambungan)

2.18 Instrumen kewangan – pengiktirafan awal dan pengukuran seterusnya (sambungan)

(iii) Pengimbangan

Aset kewangan dan liabiliti kewangan diimbangi dan jumlah bersih dilaporkan dalam penyata kedudukan kewangan jika terdapat hak undang-undang semasa yang boleh dikuatkuasakan untuk mengimbangi amaun yang diiktiraf dan terdapat niat untuk menyelesaikan secara asas bersih, untuk merealisasikan aset dan menyelesaikan liabiliti secara serentak.

2.19 Tunai dan kesetaraan tunai

Tunai dan kesetaraan tunai terdiri daripada tunai di bank dan dalam tangan, deposit permintaan dan pelaburan jangka pendek berkecairan tinggi yang sedia untuk ditukar kepada jumlah tunai yang diketahui dan tertakluk kepada risiko perubahan nilai yang tidak ketara. Ini juga termasuk overdraf bank yang membentuk sebahagian daripada pengurusan tunai Kumpulan.

2.20 Inventori

Inventori dinyatakan pada yang nilai terendah antara kos dan nilai boleh direalisasi bersih. Kos dalam membawa inventori ke lokasi dan keadaan semasanya akan diambilkira seperti berikut:

- Bahan mentah dan bahan kegunaan: kos pembelian atas asas kos purata berwajaran.

- Barang siap dan kerja dalam pelaksanaan: kos bahan langsung dan buruh dan sebahagian overhead pengeluaran berasaskan kapasiti operasi biasa. Kos ini diperuntukkan pada asas kos purata berwajaran.

Jika perlu, peruntukan disediakan untuk item yang rosak, usang dan lambat terjual untuk menyelaraskan nilai bawaan inventori kepada yang terendah antara kos dan nilai boleh direalisasi bersih.

Nilai boleh direalisasikan bersih adalah anggaran harga jualan dalam perjalanan biasa perniagaan ditolak anggaran kos penyempurnaan dan anggaran kos jualan yang perlu.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material (sambungan)

2.21 Peruntukan-peruntukan

Peruntukan diiktiraf apabila Kumpulan mempunyai obligasi semasa (undang-undang atau konstruktif) akibat kejadian yang lepas, dan ianya berkemungkinan bahawa aliran keluar sumber ekonomi diperlukan untuk menyelesaikan obligasi tersebut dan jumlah anggaran obligasi dipercayai.

Peruntukan dikaji pada setiap tarikh laporan dan diselaraskan untuk menunjukkan anggaran semasa yang terbaik. Jika ianya tidak lagi berkemungkinan bahawa aliran keluar sumber ekonomi akan diperlukan untuk menyelesaikan obligasi tersebut, peruntukan akan dibalikkan. Jika kesan nilai masa wang adalah ketara, peruntukan didiskaunkan dengan menggunakan kadar pra cukai semasa yang menggambarkan, di mana perlu, risiko khusus kepada liabiliti itu. Apabila diskaun digunakan, peningkatan peruntukan disebabkan peredaran masa diiktiraf sebagai kos kewangan.

Peruntukan bagi pemulihan hutan

Kos pemulihan hutan akan ditanggung oleh Kumpulan sama ada ketika operasi, atau di penghujung usia operasi, bagi konsesi pembalakan Kumpulan. Kumpulan mengiktiraf peruntukan pemulihan di mana ia mempunyai obligasi undang-undang dan konstruktif, dan anggaran dipercayai boleh dibuat ke atas amaun obligasi.

Obligasi biasanya timbul apabila kayu diekstrak daripada kawasan konsesi pembalakan. Obligasi pemulihan yang timbul melalui pembalakan kayu diiktiraf dalam untung atau rugi sebagai pengekstrakan berkembang.

Perubahan dalam anggaran masa pemulihan atau perubahan anggaran kos pada masa hadapan diambilkira secara prospektif dengan mengiktiraf pelarasan kepada liabiliti pemulihan dan perbelanjaan yang berkaitan dalam untung atau rugi.

2.22 Geran Kerajaan

Geran Kerajaan diiktiraf apabila terdapat jaminan munasabah bahawa geran tersebut akan diterima dan semua syarat-syarat yang disertakan akan dipatuhi. Apabila geran adalah berkaitan dengan sesuatu aset, nilai saksama akan ditunjukkan dengan menolak geran yang diperolehi pada nilai bawaan aset tersebut.

Geran Kerajaan berkaitan dengan pendapatan perlu diiktiraf dalam untung atau rugi secara asas sistematik sepanjang tempoh yang mana entiti mengiktiraf kos berkaitan sebagai perbelanjaan bagi geran gantian yang dijangka.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material (sambungan)

2.23 Kontrak jaminan kewangan

Kontrak jaminan kewangan adalah kontrak yang memerlukan pemberi jaminan membuat bayaran tertentu untuk membayar balik kepada pemegang bagi kerugian yang timbul akibat penghutang tertentu gagal membuat pembayaran apabila ianya tamat tempoh.

Jaminan kewangan yang dikeluarkan pada awalnya diukur pada nilai saksama, selepas kos transaksi. Selanjutnya, ianya diukur pada tahap yang lebih tinggi dari jumlah elaun kerugian; dan amaun awalnya diiktiraf kurang, apabila bersesuaian, jumlah pendapatan kumulatif diiktiraf menurut MFRS 15.

2.24 Kos pembiayaan

Kos pembiayaan dipermodalkan sebagai sebahagian daripada kos aset yang layak jika mereka menyumbang secara langsung kepada pengambilalihan, pembinaan atau pengeluaran aset tersebut. Permodalan kos pembiayaan bermula apabila aktiviti untuk menyediakan aset bagi kegunaan dijangka atau jualan dalam kemajuan dan perbelanjaan dan kos pembiayaan berlaku. Kos pembiayaan dipermodalkan sehingga aset tersebut hampir selesai digunakan atau dijual.

Semua kos pembiayaan lain diiktiraf dalam untung atau rugi dalam tempoh ianya berlaku. Kos pembiayaan terdiri daripada faedah dan kos lain yang ditanggung Kumpulan dan Yayasan berhubung dengan pinjaman dana.

2.25 Manfaat pekerja

(a) Pelan caruman ditentukan

Kumpulan turut serta dalam skim pencen nasional yang ditetapkan oleh undangundang negara di mana ia beroperasi. Syarikat-syarikat Malaysia dalam Kumpulan membuat caruman untuk Kumpulan Wang Simpanan Pekerja ("KWSP") di Malaysia, sebuah skim pencen caruman ditentukan. Sumbangan kepada skim pencen caruman ditentukan diiktiraf sebagai belanja di dalam tempoh perkhidmatan berkenaan dilakukan.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material (sambungan)

2.25 Manfaat pekerja (sambungan)

(b) Pelan opsyen saham pekerja

Pekerja daripada Kumpulan menerima imbuhan berupa opsyen saham sebagai balasan bagi perkhidmatan yang diberikan. Kos urusniaga penyelesaian ekuiti dengan pekerja diukur dengan merujuk kepada nilai saksama opsyen pada tarikh opsyen diberikan. Kos ini diiktiraf dalam untung atau rugi, dengan peningkatan berkaitan dalam rizab opsyen saham pekerja sepanjang tempoh letak hak. Perbelanjaan terkumpul yang diiktiraf pada setiap tarikh pelaporan sehingga tarikh letak hak menggambarkan setakat mana tempoh letak hak telah luput dan anggaran terbaik Kumpulan atas bilangan opsyen yang akhirnya akan diletak hak. Caj atau kredit ke untung atau rugi bagi tempoh yang mewakili pergerakan di dalam perbelanjaan terkumpul diiktiraf pada awal dan akhir tempoh tersebut.

Tiada belanja diiktiraf untuk opsyen yang akhirnya tidak diletak hak, kecuali opsyen di mana letak hak adalah bersyarat tertakluk kepada pasaran atau keadaan letak hak, yang dianggap sebagai hak tanpa mengira sama ada atau tiada pasaran atau keadaan letak hak dipenuhi, dengan syarat semua syarat-syarat prestasi dan/atau perkhidmatan lain dipenuhi. Rizab opsyen syer pekerja dipindahkan ke keuntungan terkumpul selepas tamat opsyen saham. Apabila opsyen dilaksanakan, rizab opsyen syer pekerja dipindahkan kepada modal saham jika saham-saham baru dikeluarkan, atau kepada saham-saham perbendaharaan sekiranya opsyen dipenuhi dengan pengeluaran semula saham-saham perbendaharaan.

(c) Pelan manfaat ditentukan

Aset atau liabiliti bersih manfaat ditentukan adalah agregat nilai semasa obligasi manfaat ditentukan (diperolehi menggunakan kadar diskaun berdasarkan bon korporat berkualiti tinggi) pada tarikh laporan yang dikurangkan oleh nilai saksama pelan aset (jika ada), diselaraskan dengan sebarang kesan had aset bersih manfaat ditentukan atas siling aset. Siling aset adalah nilai semasa mana-mana manfaat ekonomi yang tersedia dalam bentuk bayaran balik daripada pelan atau pengurangan dalam pelan sumbangan masa hadapan.

Kos menyediakan manfaat di bawah pelan manfaat ditentukan adalah ditentukan secara berasingan bagi setiap pelan menggunakan kaedah kredit unit diunjurkan.

Kos manfaat ditentukan meliputi perkara-perkara berikut:

- Kos perkhidmatan

- Faedah bersih atas aset atau liabiliti bersih manfaat ditentukan

- Pengukuran semula aset atau liabiliti bersih manfaat ditentukan

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material (sambungan)

2.25 Manfaat pekerja (sambungan)

(c) Pelan manfaat ditentukan (sambungan)

Kos perkhidmatan yang merangkumi kos perkhidmatan semasa, kos perkhidmatan lalu dan keuntungan atau kerugian ke atas penyelesaian bukan rutin akan diiktiraf sebagai perbelanjaan dalam untung atau rugi. Kos perkhidmatan lalu diiktiraf apabila berlaku pindaan atau penyingkatan pelan.

Faedah bersih atas aset atau liabiliti bersih manfaat ditentukan ialah perubahan sepanjang tempoh aset atau liabiliti bersih manfaat ditentukan yang timbul daripada jangka masa yang ditentukan dengan menggunakan kadar diskaun berasaskan bonbon korporat berkualiti tinggi kepada aset atau liabiliti bersih manfaat ditentukan. Faedah bersih atas aset atau liabiliti bersih manfaat ditentukan akan diiktiraf sebagai perbelanjaan atau pendapatan dalam untung atau rugi.

Pengukuran semula terdiri daripada keuntungan atau kerugian aktuari, pulangan ke atas aset-aset pelan dan apa-apa perubahan kesan daripada siling aset (tidak termasuk faedah bersih atas liabiliti manfaat ditentukan) akan diiktiraf serta merta dalam pendapatan komprehensif lain-lain dalam tempoh ianya berlaku. Pengukuran semula akan diiktiraf dalam keuntungan terkumpul di dalam ekuiti dan tidak akan dikelaskan semula ke untung atau rugi dalam tempoh-tempoh berikutnya.

Aset pelan adalah aset yang dipegang oleh dana manfaat pekerja jangka panjang atau polisi-polisi insurans yang layak. Aset-aset pelan tidak disediakan kepada pemiutang-pemiutang Kumpulan, atau tidak boleh mereka dibayar terus kepada Kumpulan. Nilai saksama pelan aset adalah berdasarkan kepada maklumat harga pasaran. Apabila harga pasaran tidak boleh diperolehi, nilai saksama pelan aset dianggarkan dengan mendiskaunkan jangkaan aliran tunai masa depan menggunakan kadar diskaun yang menggambarkan kedua-dua risiko yang berkaitan dengan aset pelan dan tarikh kematangan atau jangkaan pelupusan aset tersebut (atau, jika ianya tiada tempoh matang, tempoh jangkaan sehingga penyelesaian obligasi berkaitan).

Hak Kumpulan untuk dibayar semula bagi sebahagian atau semua perbelanjaan yang diperlukan untuk menyelesaikan obligasi manfaat ditentukan diiktiraf sebagai aset berasingan pada nilai saksama apabila, dan hanya bila, pembayaran semula adalah pasti.

(d) Kelayakan cuti pekerja

Hak pekerja untuk cuti tahunan diiktiraf sebagai liabiliti apabila cuti tahunan terakru kepada pekerja. Liabiliti tidak terdiskaun untuk cuti yang dijangka diselesaikan sepenuhnya sebelum dua belas bulan selepas tarikh pelaporan diiktiraf sebagai perkhidmatan yang diberikan oleh pekerja sehingga tarikh pelaporan. Liabiliti untuk cuti yang dijangka diselesaikan melebihi dua belas bulan dari tarikh pelaporan jika ditentukan dengan menggunakan kaedah kredit unit yang diunjurkan. Jumlah keseluruhan kos perkhidmatan, faedah bersih ke atas liabiliti dan pengukuran semula liabiliti diiktiraf dalam untung atau rugi.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material (sambungan)

2.25 Manfaat pekerja (sambungan)

(e) Manfaat penamatan

Manfaat penamatan perlu dibayar apabila penggajian ditamatkan sebelum tarikh persaraan yang lazim atau apabila seseorang pekerja menerima pemberhentian secara sukarela sebagai pertukaran untuk manfaat ini. Kumpulan mengiktiraf manfaat penamatan apabila ianya menunjukkan komited sama ada menamatkan penggajian pekerja mengikut pelan terperinci tanpa kemungkinan penarikan diri; atau menyediakan manfaat penamatan dengan tawaran menggalakkan pemberhentian secara sukarela. Apabila tawaran dibuat untuk menggalakkan pemberhentian secara sukarela, pengiraan manfaat penamatan adalah berdasarkan bilangan pekerja yang dianggarkan akan menerima tawaran tersebut. Manfaat yang perlu dibayar melebihi 12 bulan selepas tarikh pelaporan akan didiskaunkan kepada nilai semasa.

2.26 Dana rizab perladangan

Kumpulan menganggap lebihan bersih daripada jualan kayu log yang diekstrak, dalam perjalanan pembangunan kawasan konsesi subsidiari ke dalam ladang dan ladang kelapa sawit sebagai jumlah modal yang diterima untuk mengurangkan perbelanjaan modal selanjutnya dalam membangunkan pokok dan ladang kelapa sawit. Lebihan tersebut dikreditkan ke dana rizab perladangan dan digunakan untuk mengimbangi perbelanjaan tanam pokok dan kelapa sawit.

Semua perbelanjaan langsung yang ditanggung oleh anak syarikat dalam penyediaan tanah, penanaman, pentadbiran harta tanah dan penyelenggaraan sehingga ladang dan ladang kelapa sawit matang adalah dipermodalkan dan diimbangi dengan dana rizab perladangan.

2.27 Hasil

Hasil diukur berdasarkan pertimbangan yang dijangkakan Kumpulan berhak dalam pertukaran untuk memindahkan barangan atau perkhidmatan yang dijanjikan kepada pelanggan, tidak termasuk jumlah yang dikutip bagi pihak-pihak ketiga.

Hasil diiktiraf apabila Kumpulan memenuhi tanggungjawab prestasi dengan memindahkan suatu barang atau perkhidmatan yang dijanjikan kepada pelanggan, yang mana pelanggan memperoleh kawalan terhadap barang atau perkhidmatan tersebut. Tanggungjawab prestasi mungkin dapat dipenuhi pada suatu titik masa atau dari semasa ke semasa. Jumlah hasil yang diiktiraf adalah amaun yang diperuntukkan untuk memenuhi tanggungjawab prestasi tersebut.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material (sambungan)

2.27 Hasil (sambungan)

Pendapatan dari kontrak dengan pelanggan

(a) Penjualan barangan

Hasil daripada jualan barangan diiktiraf pada masa kawalan aset dipindahkan kepada pelanggan, secara umumnya apabila barang diserah.

(b) Pemberian perkhidmatan

Hasil dari pemberian perkhidmatan diiktiraf pada masa perkhidmatan diberikan.

(c) Yuran pengurusan

Yuran pengurusan diiktiraf pada masa perkhidmatan diberikan.

(d) Pendapatan kontrak

Pendapatan dari kontrak diiktiraf dari masa ke semasa dan diambil kira mengikut kaedah peringkat penyiapan. Peringkat penyiapan diukur dengan merujuk kepada kos kontrak untuk memenuhi obligasi prestasi yang dicapai sehingga hujung tempoh pelaporan sebagai peratusan jangkaan jumlah kos yang terlibat dibawah kontrak, iaitu dasar ukuran berdasarkan kepada MFRS 15.

Hasil lain

(a) Pendapatan faedah

Pendapatan faedah diiktiraf menggunakan kaedah faedah efektif.

(b) Pendapatan dividen

Pendapatan dividen diiktiraf apabila hak Kumpulan untuk menerima pembayaran telah wujud.

(c) Pendapatan sewa

Pendapatan sewa dari hartanah pelaburan diambilkira berdasarkan asas garis lurus atas tempoh pajakan.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material (sambungan)

2.28 Cukai

(a) Cukai pendapatan semasa

Aset dan liabiliti cukai pendapatan semasa untuk tempoh semasa dan sebelumnya diukur pada amaun yang dijangka pulih dari atau dibayar kepada pihak berkuasa percukaian. Kadar cukai dan undang-undang cukai yang digunakan untuk mengira jumlah tersebut adalah yang digubal atau digubal secara ketara pada tarikh pelaporan.

Cukai pendapatan semasa diiktiraf dalam untung atau rugi kecuali apabila cukai berkaitan dengan perkara yang diiktiraf di luar keuntungan atau kerugian, sama ada dalam pendapatan komprehensif lain atau secara langsung dalam ekuiti. Pengurusan secara berkala menilai kedudukan yang diambil dalam penyata cukai berkenaan dengan situasi di mana peraturan cukai yang dikenakan tertakluk kepada tafsiran dan penetapan peruntukan apabila bersesuaian.

(b) Cukai tertunda

Cukai tertunda diperuntukkan menggunakan kaedah liabiliti atas perbezaan sementara pada tarikh pelaporan di antara asas cukai dan nilai bawaan aset dan liabiliti untuk tujuan pelaporan kewangan.

Liabiliti cukai tertunda mengiktiraf semua perbezaan sementara, kecuali:

- apabila liabiliti cukai tertunda timbul daripada pengiktirafan permulaan bagi muhibah atau aset atau liabiliti dalam urus niaga yang bukan gabungan perniagaan dan, pada masa urusniaga, tidak memberi kesan keuntungan perakaunan atau keuntungan atau kerugian boleh cukai; dan

- berkaitan dengan perbezaan sementara yang boleh dikenakan cukai yang melibatkan pelaburan dalam syarikat subsidiari, syarikat bersekutu dan kepentingan dalam usahasama, di mana masa pembalikan perbezaan sementara boleh dikawal dan kemungkinan perbezaan sementara tidak akan berbalik pada masa depan yang dijangka.

Aset cukai tertunda diiktiraf bagi semua perbezaan sementara yang boleh ditolak, menguruskan kredit cukai yang tidak digunakan dan kerugian cukai yang tidak digunakan, sehingga kemungkinan keuntungan boleh dicukai akan tersedia di mana perbezaan sementara yang boleh ditolak dan pengaliran kredit cukai yang belum digunakan dan kerugian cukai yang tidak digunakan boleh digunakan kecuali:

- di mana aset cukai tertunda berkaitan dengan perbezaan sementara yang boleh ditolak timbul dari pengiktirafan permulaan sesuatu aset atau liabiliti dalam urusniaga yang bukan gabungan perniagaan dan, pada masa urus niaga, tidak mempengaruhi keuntungan perakaunan atau keuntungan atau kerugian boleh cukai; dan

- berkenaan dengan perbezaan sementara boleh ditolak yang berkaitan dengan pelaburan dalam anak syarikat, syarikat bersekutu dan kepentingan dalam usahasama, aset cukai tertunda diiktiraf hanya setakat kemungkinan perbezaan sementara akan berbalik pada masa hadapan dan keuntungan boleh cukai yang boleh didapati perbezaan sementara boleh digunakan.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material (sambungan)

2.28 Cukai (sambungan)

(b) Cukai tertunda (sambungan)

Amaun dibawa bagi aset cukai tertunda dikaji semula pada setiap tarikh pelaporan dan dikurangkan setakat yang tidak lagi mungkin keuntungan boleh dicukai yang mencukupi akan tersedia untuk membolehkan semua atau sebahagian daripada aset cukai tertunda digunakan. Aset cukai tertunda yang tidak diiktiraf dinilai semula pada setiap tarikh pelaporan dan diiktiraf setakat mana ia menjadi kemungkinan keuntungan boleh dicukai pada masa hadapan akan membolehkan aset cukai tertunda dipulihkan.

Aset dan liabiliti cukai tertunda diukur pada kadar cukai yang dijangka akan terpakai pada tahun apabila aset direalisasikan atau liabiliti diselesaikan, berdasarkan kadar cukai (dan undang-undang cukai) yang telah digubal atau digubal secara ketara pada tarikh pelaporan.

Cukai tertunda yang berkaitan dengan item diiktiraf di luar untung atau rugi. Item cukai tertunda diiktiraf dalam hubungan dengan urusniaga yang mendasari sama ada dalam pendapatan komprehensif lain atau langsung dalam ekuiti dan cukai tertunda yang timbul daripada gabungan perniagaan diselaraskan terhadap muhibah atas pemerolehan.

Aset cukai tertunda dan liabiliti cukai tertunda diimbangi, jika terdapat hak yang boleh dikuatkuasakan secara sah untuk mengasingkan aset cukai semasa terhadap liabiliti cukai semasa dan cukai tertunda berkaitan dengan entiti kena cukai yang sama dan pihak berkuasa percukaian yang sama.

2.29 Biasiswa dan geran

Biasiswa dan geran dikira pada asas akruan.

2.30 Pelaporan segmen

Bagi tujuan pengurusan, Kumpulan di susun kepada segmen operasi berdasarkan produk dan perkhidmatan masing-masing di mana mereka diuruskan secara bebas oleh pengurus segmen masing-masing yang bertanggungjawab bagi segmen masing-masing di bawah seliaan. Para pengurus segmen melaporkan secara langsung kepada pengurusan Kumpulan yang menyemak dengan kerap hasil segmen bagi peruntukan sumber kepada segmen dan penilaian prestasi segmen. Pendedahan tambahan pada setiap segmen ini dinyatakan dalam Nota 42, termasuk faktor yang digunakan untuk mengenalpasti segmen yang boleh dilaporkan dan asas pengukuran maklumat segmen.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

2. Maklumat dasar perakaunan material (sambungan)

2.31 Modal saham dan perbelanjaan terbitan saham

Instrumen ekuiti adalah sebarang kontrak yang membuktikan kepentingan sisa dalam aset Kumpulan dan Yayasan selepas ditolak semua liabiliti. Saham biasa adalah instrumen ekuiti.

Saham biasa dicatatkan pada hasil yang diterima, selepas kos urusniaga tambahan yang boleh diagihkan secara langsung. Saham biasa diklasifikasikan sebagai ekuiti. Dividen ke atas saham biasa diiktiraf dalam ekuiti dalam tempoh di mana ia diisytiharkan.

2.32 Liabiliti luar jangka

Liabiliti luar jangka adalah:

a) kemungkinan obligasi yang timbul dari peristiwa lalu dan kewujudannya disahkan hanya oleh kejadian atau tidak berlakunya satu atau lebih peristiwa masa depan yang tidak pasti yang tidak sepenuhnya dikawal oleh Kumpulan; atau

b) obligasi semasa yang timbul dari peristiwa lepas tetapi tidak diiktiraf kerana:

(i) tidak mungkin bahawa aliran keluar sumber yang merangkumi manfaat ekonomi diperlukan untuk menyelesaikan obligasi; atau

(ii) jumlah obligasi tidak boleh diukur dengan kebolehpercayaan yang mencukupi.

Aset luar jangka adalah aset yang mungkin timbul dari peristiwa lalu dan kewujudannya disahkan hanya oleh kejadian atau tidak berlakunya satu atau lebih peristiwa masa depan yang tidak pasti yang tidak sepenuhnya dikawal oleh Kumpulan.

Liabiliti dan aset luar jangka tidak diiktiraf dalam penyata kedudukan kewangan Kumpulan dan Yayasan.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

3. Penilaian dan anggaran perakaunan penting

Penyediaan penyata kewangan Kumpulan memerlukan pihak pengurusan untuk membuat pertimbangan, anggaran dan andaian yang mempengaruhi jumlah pendapatan, perbelanjaan, aset dan liabiliti yang dilaporkan, dan pendedahan liabiliti luar jangka pada tarikh pelaporan. Ketidakpastian tentang andaian dan anggaran ini boleh menyebabkan hasil yang mungkin memerlukan penyesuaian material kepada jumlah dibawa aset atau liabiliti yang terjejas pada masa hadapan.

3.1 Pertimbangan yang dibuat dalam menggunapakai dasar perakaunan

Tidak ada pertimbangan kritikal yang dibuat oleh pihak pengurusan dalam proses menggunapakai polisi perakaunan Kumpulan mengenai jumlah yang diiktiraf dalam penyata kewangan.

3.2 Sumber utama ketidakpastian anggaran

Andaian utama mengenai masa depan dan lain-lain sumber utama ketidakpastian anggaran pada akhir tempoh pelaporan dibincangkan di bawah Kumpulan berdasarkan andaian dan anggaran mengenai parameter yang tersedia apabila penyata kewangan disediakan. Walau bagaimanapun keadaan dan andaian tentang perkembangan masa depan mungkin berubah disebabkan oleh perubahan pasaran atau keadaan yang timbul di luar kawalan Kumpulan. Perubahan sedemikian ditunjukkan dalam andaian apabila ia berlaku.

(a) Peruntukan bagi pemulihan

Kos pemulihan muktamad tidak menentu, dan anggaran kos boleh berbeza-beza sebagai tindak balas kepada banyak faktor, termasuk anggaran tahap dan kos aktiviti pemulihan, perubahan teknologi, perubahan peraturan, peningkatan kos berbanding dengan kadar inflasi, dan perubahan kadar diskaun. Ketidaktentuan ini mungkin mengakibatkan masa depan yang berbeza daripada amaun yang ada sekarang. Oleh itu, anggaran dan anggapan penting dibuat dalam menentukan peruntukan pemulihan hutan. Akibatnya, terdapat pelarasan yang ketara terhadap peruntukan yang ditetapkan yang menjejaskan keputusan kewangan masa depan. Peruntukan pada tarikh pelaporan mewakili anggaran terbaik pengurusan nilai semasa kos pemulihan masa depan yang diperlukan.

(b) Rosotnilai muhibah

Muhibah diuji untuk kemerosotan setiap tahun dan pada masa-masa lain apabila penunjuk tersebut wujud. Ini memerlukan anggaran nilai penggunaan unit penjanaan tunai di mana muhibah diperuntukkan.

Apabila pengiraan nilai digunakan, pengurusan mesti menganggarkan aliran tunai masa hadapan yang dijangka daripada aset atau unit penjanaan tunai dan memilih kadar diskaun yang sesuai untuk mengira nilai semasa aliran tunai tersebut.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

3. Penilaian dan anggaran perakaunan penting (sambungan)

3.2 Sumber utama ketidakpastian anggaran (sambungan)

(c) Peruntukan bagi jangkaan kerugian kredit akaun terimaan dagangan

Kumpulan menggunakan pendekatan mudah, yang menggunakan ECL seumur hidup, untuk mengukur ECL bagi semua penghutang perdagangan secara individu.

Kumpulan mengiktiraf peruntukan kerugian berdasarkan ECL seumur hidup pada setiap tarikh pelaporan, dianggarkan berdasarkan sejarah pengalaman kehilangan kredit, disesuaikan dengan faktor melihat ke hadapan yang khusus untuk penghutang dan persekitaran ekonomi.

Nilai bawaan akaun terimaan dagangan pada 31 Disember 2023 adalah seperti didedahkan di Nota 24.

(d) Pelan manfaat ditentukan

Liabiliti manfaat ditentukan pekerja

Kos pelan manfaat ditentukan serta nilai semasa obligasi pencen ditentukan menggunakan penilaian aktuari. Penilaian aktuari melibatkan pelbagai anggapan yang mungkin berbeza daripada perkembangan sebenar pada masa hadapan. Ini termasuk penentuan kadar diskaun, jangkaan kadar pulangan aset, kenaikan gaji masa depan, kadar kematian dan kenaikan faedah masa hadapan.

Oleh kerana kerumitan yang terlibat dalam penilaian dan sifat jangka panjangnya, obligasi manfaat adalah sangat sensitif kepada perubahan terhadap andaian ini. Semua andaian dikaji semula pada setiap tarikh pelaporan.

Dalam menentukan kadar diskaun yang sesuai, pihak pengurusan menganggap kadar faedah bon korporat dengan sekurang-kurangnya perkadaran 'AA' atau di atas, dan diekstrapolasi seperti yang diperlukan di sepanjang keluk hasil untuk bersesuaian dengan jangkaan jangka panjang obligasi manfaat pasti. Kadar kematian didasarkan pada jadual kematian umum untuk negara. Peningkatan gaji dan peningkatan faedah masa depan adalah berdasarkan kadar inflasi masa depan yang dijangka untuk negara.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

3. Penilaian dan anggaran perakaunan penting (sambungan)

3.2 Sumber utama ketidakpastian anggaran (sambungan)

(e) Aset cukai tertunda

Aset cukai tertunda diiktiraf bagi semua kerugian cukai belum guna setakat kemungkinan keuntungan boleh cukai wujud bagi kerugian boleh guna. Pertimbangan penting pihak pengurusan diperlukan untuk menentukan jumlah aset cukai tertunda yang boleh diiktiraf, berdasarkan kemungkinan masa dan tahap keuntungan boleh cukai masa hadapan bersama dengan strategi perancangan cukai masa hadapan.

Andaian mengenai penjanaan keuntungan bercukai masa depan bergantung kepada anggaran pengurusan aliran tunai masa hadapan. Ini bergantung kepada anggaran pengeluaran dan jumlah jualan masa depan, kos operasi, perbelanjaan modal, dividen dan transaksi pengurusan modal lain. Pertimbangan juga diperlukan mengenai penggunaan undang-undang cukai pendapatan. Pertimbangan dan andaian ini tertakluk kepada risiko dan ketidakpastian, oleh itu terdapat kemungkinan perubahan dalam keadaan akan mengubah jangkaan, yang mungkin memberi kesan kepada jumlah aset cukai tertunda yang diiktiraf dalam penyata kedudukan kewangan dan jumlah kerugian cukai yang tidak diiktiraf dan perbezaan sementara yang tidak diiktiraf.

4. Pendapatan

Pendapatan dari kontrak dengan pelanggan:

Jenis barangan dan perkhidmatan Jualan barangan

Masa pengiktirafan pendapatan

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

5. Kos jualan

Kumpulan Yayasan

Kos inventori yang dijual

Kos perkhidmatan yang diberikan

Termasuk dalam kos jualan adalah pelunasan aset tidak ketara berjumlah RM771,000 (2023: RM771,000) seperti didedahkan dalam Nota 18 penyata kewangan.

6. Pendapatan faedah

Kumpulan Yayasan

Pinjaman dan penghutang - Syarikat subsidiari

- Sekuriti pelaburan

- Pinjaman dan penghutang lain

- Akaun semasa dan deposit dengan

7. Pendapatan dividen

Pendapatan dividen dari:

Sekuriti pelaburan

Kumpulan

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

8. Pendapatan lain

Hutang lapuk pulih

Keuntungan nilai saksama atas

Keuntungan atas penyahiktiraf syarikat bersekutu

Keuntungan atas pelupusan hartanah, loji

Keuntungan nilai saksama bersih ke atas instrument kewangan:

Keuntungan atas penyahiktiraf pajakan

Keuntungan atas pertukaran asing:

Pendapatan hak konsesi kayu

9. Kos kewangan

Perbelanjaan faedah ke atas:

Penerimaan bank

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

10. Lebihan sebelum cukai

Jumlah berikut telah dimasukkan untuk memperoleh lebihan sebelum cukai:

Ganjaran juruaudit - audit berkanun - tahun semasa

- terkurang peruntukan untuk tahun sebelum

- perkhidmatan lain - tahun semasa

- (terlebih)/terkurang peruntukan untuk tahun sebelum

Pelunasan hak konsesi kayu (Nota 18)771

Susutnilai hartanah pelaburan (Nota 17)

Susutnilai hartanah, loji dan peralatan

Belanja berkaitan bayaran pajakan boleh ubah tidak termasuk dalam pengukuran liabiliti pajakan

Belanja manfaat pekerja (Nota 11)

Kerugian nilai saksama atas aset biologi (Nota 15)

Kerugian

Inventori dihapuskira

Pendapatan dari sub pajak aset berhak diguna

Kerugian atas pelupusan hartanah, loji dan peralatan

Kerugian

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

10. Lebihan sebelum cukai (sambungan)

Bayaran yuran pengurusan kepada

pengurus dana

Kerugian nilai saksama bersih atas instrument kewangan: - sekuriti pelaburan

Ganjaran pengarah bukan eksekutif (Nota 12)

Loji dan peralatan dihapuskira (Nota 14)

Peruntukan pemulihan hutan Yayasan

Pembalikan kerugian rosotnilai atas: - muhibah

- penghutang perdagangan (3,827) (545)

penghutang lain

Sewa peralatan dan kenderaan

11. Perbelanjaan manfaat pekerja

Gaji, upah, elaun dan

(Pengurangan)/peningkatan dalam liabiliti untuk pelan manfaat

(Nota 33)

cuti pekerja

Hak cuti pekerja dicatat semula (25)

Perbelanjaan kakitangan yang lain

Tolak: Jumlah yang dipermodalkan dalam hartanah, loji dan peralatan (Nota 14) (12,323) (13,441)

Jumlah yang dipermodalkan dalam aset biologi (Nota 15) (5,980) (3,589)

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

11. Perbelanjaan manfaat pekerja (sambungan)

Termasuk dalam perbelanjaan manfaat pekerja Kumpulan dan Yayasan adalah ganjaran pengarah eksekutif masing-masing berjumlah RM3,634,000 (2023: RM3,205,000) dan RM472,000 (2023: RM653,000).

12. Ganjaran pengarah

Ganjaran pengarah eksekutif (Nota 11):

Ganjaran pengarah bukan eksekutif (Nota 10):

Anggaran nilai wang bagi faedah berbentuk

Jumlah ganjaran pengarah termasuk faedah berbentuk

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

13. Perbelanjaan cukai pendapatan

Komponen utama perbelanjaan cukai pendapatan

Komponen utama perbelanjaan cukai pendapatan bagi tahun berakhir 31 Disember 2024

dan 2023 adalah:

Penyata pendapatan komprehensif

Cukai pendapatan semasa:

- Cukai pendapatan Malaysia

- (Lebihan)/kurangan peruntukan tahun sebelum

Cukai pendapatan tertunda (Nota 23):

- Berkaitan pengasalan dan pembalikan perbezaan sementara

- Kurangan/(lebihan) peruntukan cukai tertunda tahun sebelum 4,864 (6,266)

Perbelanjaan cukai pendapatan diiktiraf dalam untung atau rugi

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

13. Perbelanjaan cukai pendapatan (sambungan)

Penyesuaian di antara perbelanjaan cukai dan lebihan perakaunan

Penyesuaian antara perbelanjaan cukai dan lebihan perakaunan bagi tahun semasa dan tahun-tahun sebelumnya adalah seperti berikut:

Cukai pada kadar cukai berkanun

Pelarasan: Belanja tidak dibenarkan

Pendapatan tidak dikenakan cukai

Kesan pengecualian daripada keuntungan perintis (824) (465)

Kesan aset cukai tertunda tidak diiktiraf 3,848 7,134

(Lebihan)/kurangan peruntukan cukai pendapatan tahun sebelum (3,993) 236

Kurangan/(lebihan) peruntukan cukai tertunda tahun sebelum 4,864 (6,266)

Bahagian keputusan dari syarikat bersekutu dan usahasama (9,171) (28,431) -

Perbelanjaan cukai pendapatan diiktiraf dalam untung atau rugi 98,045 63,912

Cukai pendapatan tempatan dikira pada kadar cukai berkanun Malaysia sebanyak 24% (2023: 24%) daripada anggaran keuntungan boleh ditaksir untuk tahun semasa.

Cukai untuk bidang kuasa lain dikira pada kadar yang berlaku di bidang kuasa masingmasing.

Yayasan Sabah (Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan Bagi tahun kewangan berakhir 31 Disember 2024

14. Hartanah, loji dan peralatan

(24,223)

(2,539) (2,539)

Kumpulan

Penyahiktirafan

Pengkelasan semula

Pengkelasan semula kepada hartanah pelaburan (Nota 17)

Pada 31 Disember 2023 dan 1 Januar i 2024

(6,176) (26,634)

(387)

(17,180)

(1,187) (5,400)

Pelupusan (261)

(13,871)

(3,453) (3,899) Hapuskira

Penyahiktirafan

Pengkelasan semula

Pengkelasan semula kepada hartanah pelaburan (Nota 17) (387)

Pada 31 Disember 2024 35,1 81

Yayasan Sabah (Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan Bagi tahun kewangan berakhir 31 Disember 2024

14. Hartanah, loji dan peralatan (sambungan)

Kumpulan (sambungan)

(47) (47)

44,

Pada 31 Disember 2023 dan 1 Januar i 2024

Susutnilai bagi tahun semasa

3,240 41,253 1,136 4 3,213 20,824 (6,585) 23,440 126, 96 7

21,26 4 (6,585) 23,855 12 8,9 39 Diiktiraf di untung atau rugi

(3,205) (3,323)

(417)

(6,272) (25,765)

(76)

(113)

(417)

(945) (5,332)

(13,216)

(147)

Baka tumbuhan dimodalkan

Aset biologi dimodalkan

Pelupusan (5)

Penyahiktirafan

Hapuskira

Perbezaan pertukaran

Pengkelasan semula kepada hartanah pelaburan (Not a 17) (76)

Pengkelasan semula

Pada 31 Disember 2024 9,331 90,795 406,073 11,337 612, 882 267,97 5 (24 ,7 00) 379, 406 1, 753,099

Yayasan Sabah (Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan Bagi tahun kewangan berakhir 31 Disember 2024

14. Hartanah, loji dan peralatan (sambungan) Kumpulan (sambungan) Tanah pegangan pajak

bawaan bersih

Yayasan Sabah (Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan Bagi tahun kewangan berakhir 31 Disember 2024

14. Hartanah, loji dan peralatan (sambungan)

(387)

Kelengkapan, perabot dan pengubah- suaian RM’000 Lain-lain aset RM’000

Peralatan pejabat dan lain- lain RM’000

Bangunan pusat kraftangan RM’000

Tanah dan bangunan milikan bebas RM’000

Tanah pegangan pajak RM’000

(295)

( 2,539 )

)

(177)

Yayasan

(92)

2,252 (4,791)

Hapuskira

Pengkelasan semula kepada hartanah pelaburan (Nota 17)

Pada 31 Disember 2023 dan 1 Januar i 2024

Pelupusan

Hapuskira

Pada 31 Disember 2024

Yayasan Sabah (Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan Bagi tahun kewangan berakhir 31 Disember 2024

14. Hartanah, loji dan peralatan (sambungan)

Kelengkapan, perabot dan pengubah- suaian RM’000 Lain-lain aset

Peralatan pejabat dan lain-lain

Tanah dan bangunan milikan bebas RM’000 Bangunan pusat kraftangan

Tanah pegangan pajak RM’000

Yayasan (sambungan)

terkumpul

Pada 1 Januar i 2023

Pada 31 Disember 2023 dan 1 Januar i 2024

bagi tahun semasa

Pada 31 Disember 2024

Amaun bawaan bersih

Pada 31 Disember 2023

Pada 31 Disember 2024

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

14. Hartanah, loji dan peralatan (sambungan)

Aset yang dicagarkan sebagai jaminan

Pada tarikh pelaporan sebelum ini, hartanah, loji dan peralatan bagi Kumpulan dengan nilai bawaan sebanyak RM32,728,000 telah dicagarkan sebagai jaminan untuk pinjaman yang diberikan kepada syarika subsidiari seperti dirujuk di Nota 29.

Geran diterima daripada Kerajaan Malaysia

Pada 25 Jun 2012, Kumpulan telah memasuki Perjanjian Kemudahan Dana dengan Kerajaan Malaysia dan Bank Pembangunan Malaysia Berhad di mana Kerajaan Malaysia bersetuju untuk memberikan geran untuk jumlah tidak melebihi RM250 juta untuk kemudahan pelaksanaan pembangunan Pusat Konvensyen Antarabangsa Sabah.

Baka tumbuhan

Termasuk dalam baka tumbuhan dalam tahun kewangan semasa adalah:

Susutnilai (Nota 14) - 25

11)

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

15. Aset biologi

Bukan semasa

Kumpulan

Pada kos/penilaian

Pada

Pada

Semasa

Hasil perladangan dan ternakan lembu

Pada 1 Januari 20,333 20,683

Pindah untuk pengeluaran stok (13,086) (13,532)

Perubahan dalam nilai saksama 20,680 13,225

Pelarasan - (43)

Pada 31 Disember 27,927

a) Hasil perladangan

Aset biologi Kumpulan terdiri daripada buah tandan segar kelapa sawit ("BTS") sebelum dituai. Model penilaian yang digunapakai oleh Kumpulan menganggap nilai semasa jangkaan aliran tunai bersih dihasilkan daripada penjualan BTS.

Untuk mencapai nilai saksama BTS, pihak pengurusan menganggap kandungan minyak BTS yang belum matang dan menghasilkan andaian bahawa aliran tunai bersih yang akan dihasilkan daripada BTS sebelum lebih daripada 4 minggu untuk dituai akan diabaikan. Oleh itu, kuantiti BTS yang belum matang pada tumbuhan pembawa sehingga 4 minggu sebelum penuaian digunakan untuk tujuan penilaian. Nilai semasa bersih aliran tunai kemudiannya ditentukan dengan merujuk kepada nilai pasaran minyak sawit mentah pada tarikh tuaian, diselaraskan dengan kos untuk dijual pada masa tuaian. Kos untuk dijual, termasuk kos penuaian dan pengangkutan, akan ditolak dalam mendapatkan aliran tunai bersih yang akan dijana.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

15. Aset biologi (sambungan)

a) Hasil perladangan (sambungan)

Perubahan dalam nilai saksama hasil perladangan dalam setiap tempoh perakaunan diiktiraf dalam untung atau rugi.

Hasil perladangan Kumpulan dinilai secara saksama dalam Tahap 3 dari hierarki nilai saksama. Penilaian nilai saksama telah diselesaikan secara konsisten menggunakan teknik penilaian yang sama.

b) Penanaman pokok

Lokasi penanaman pokok terletak pada sebuah tanah pajakan dari Sapangar Sdn. Bhd., sebuah syarikat berkaitan, dan pada sebuah tanah di Gunung Rara/Kalabakan, Sabah. Pada 31 Disember 2024, kawasan penanaman pokok Kumpulan di atas tanah adalah seluas 17,873 hektar (2023: 15,366 hektar). Penanaman pokok dibawa pada nilai saksama dengan perubahan nilai saksama diiktiraf di untung atau rugi.

Nilai saksama aset biologi dikira dengan menggunakan nilai semasa aliran tunai masa depan yang diunjurkan setelah mempertimbangkan andaian berikut:

- Harga pasaran per meter padu berdasarkan data sejarah; - Kos aktiviti dari penyata operasi ladang untuk tempoh yang lepas; - Kadar diskaun adalah 14.5% (2023: 14.5%).

Pokok tanaman sekarang dinilai berdasarkan keuntungan dari pengambilan dan penjualan kayu yang diperoleh dengan mengurangkan kos pengeluaran dari hasil penjualan. Ini didiskaun pada kadar pulangan yang sesuai untuk mendapatkan nilai pokok tanaman sekarang. Perbelanjaan penanaman pokok Kumpulan dinilai secara saksama dalam Tahap 3 dari hierarki nilai saksama. Penilaian nilai saksama telah diselesaikan secara konsisten menggunakan teknik penilaian yang sama.

Bagi pokok yang berumur kurang dari 4 tahun (2023: 4 tahun) yang pada umur muda belum matang, perbelanjaan pembangunan ladang aset biologi menghampiri nilai saksama.

Termasuk di dalam kos penanaman pokok dalam tahun semasa ialah perbelanjaan manfaat pekerja sebanyak RM5,980,000 (2023: RM3,589,000).

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

16. Tanah dipegang untuk pembangunan hartanah

Kos

Pada 1 Januari

Tanah yang dipegang untuk pembangunan hartanah termasuk beberapa petak tanah dengan nilai bawaan agregat kira-kira RM4 million (2023: RM4 million) yang didaftarkan di bawah nama Yayasan Sabah, di mana dua syarikat subsidiari telah diberikan Surat Kuasa Wakil yang tidak boleh ditarikbalik untuk meneruskan perkara berkaitan petak tanah ini dengan kos dan perbelanjaan ditanggung oleh dua syarikat subsidiari tersebut.

17. Hartanah pelaburan

Tanah dan bangunan pegangan pajak RM’000

Kumpulan

Kos

Pada 1 Januari

Pengkelasan semula dari hartanah, loji

Pada 31 Disember 2023

Pengkelasan semula dari hartanah, loji dan peralatan (Nota 14)

Pada 31

Loji dan mesin RM’000

(1)

Perabot, kelengkapan dan peralatan RM’000

Pengubahsuaian landskap dan lain-lain RM’000 Jumlah RM’000

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

17. Hartanah pelaburan (sambungan)

Tanah dan bangunan pegangan pajak RM’000

Kumpulan (sambungan)

Susunilai dan rosotnilai terkumpul Pada 1 Januari

bagi tahun

Pengkelasan semula dari hartanah,

Nilai bawaan bersih

Yayasan

Kos

Pada

Pengkelasan semula dari hartanah, loji dan

Tanah dan bangunan pegangan pajak

Loji dan mesin RM’000

Perabot, kelengkapan dan peralatan RM’000 Pengubahsuaian landskap dan lain-lain

Peralatan pejabat dan lain-lain RM’000

Perabot, kelengkapan dan pengubahsuaian

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

17. Hartanah pelaburan (sambungan)

Tanah dan bangunan pegangan pajak RM’000

Yayasan (sambungan)

Susutnilai terkumpul

Pada 31 Disember 2023

18. Aset tidak ketara

Peralatan pejabat dan lain-lain RM’000

kelengkapan dan pengubahsuaian

Pada 1 Januari 2023, 31 Disember 2023 dan 31

Pelunasan dan rosotnilai terkumpul Pada

Nilai bawaan bersih

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

18. Aset tidak ketara (sambungan)

Pada 10 September 1997, Perjanjian Lesen Pengurusan Hutan Mampan (SFMLA 09/97) telah dimeterai di antara pihak Yayasan dan Kerajaan Negeri Sabah, bagi menggantikan perjanjian lesen asal yang dimeterai antara pihak berkaitan pada tahun 1970. Intipati SFMLA 09/97 adalah penyatuan kawasan konsesi asal kepada kawasan tunggal seluas 799,828 hektar dan peruntukan bagi pengurusan hutan mampan termasuk latihan Pengurangan Kesan Penebangan. Kemudian, pada 15 Februari 1999, Yayasan melalui perjanjian lesen tambahan, menyerahkan lebih kurang 200,000 hektar kawasan ditebang daripada kawasan konsesi berlesen di bawah SFMLA 09/97 kepada Kerajaan Negeri Sabah dan dengan itu, mengurangkan kawasan konsesinya dari 799,828 kepada 599,828 hektar.

Pada 11 Januari 2013, Ketua Menteri Sabah dan Yayasan Sabah telah memeterai Perjanjian Lesen Pengurusan Hutan Mampan (Perjanjian Tambahan Ketiga) (SFMLA 01/13) di mana Kawasan Berlesen telah meningkat daripada 599,828 hektar kepada 633,652 hektar.

Pada 12 April 2018, Ketua Menteri Negeri Sabah dan Yayasan Sabah telah menandatangani Perjanjian Lesen Pengurusan Hutan Lestari (Perjanjian Tambahan Keenam) di mana Kawasan Berlesen telah dikurangkan kepada 213,814 hektar.

Perbelanjaan pelunasan

Pelunasan hak konsesi kayu adalah termasuk di dalam item “Kos Jualan” dalam penyata pendapatan komprehensif.

Ujian rosotnilai muhibah

Muhibah daripada kombinasi perniagaan telah diperuntukkan kepada setiap unit penjanaan tunai (“CGU”) berdasarkan segmen bagi ujian rosotnilai.

19. Pelaburan dalam syarikat subsidiari

Saham tidak tersiarharga pada kos - di Malaysia

181,604

181,604

Tolak: Kerugian rosotnilai terkumpul (115,604) (115,604) 66,000 66,000

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

19. Pelaburan dalam syarikat subsidiari (sambungan)

a) Butiran subsidiari dalam Kumpulan adalah seperti berikut:

Nama Negara diperbadankan/ tempat perniagaan utama Aktiviti utama

Dipegang oleh Yayasan:

Innoprise Corporation Sdn. Bhd.

Sapangar Sdn. Bhd.

KKYS Sdn. Bhd.

Malaysia Pegangan pelaburan dan peruntukan perkhidmatan pengurusan

pegangan ekuiti dipegang oleh Kumpulan*

pegangan ekuiti dipegang oleh kepentingan bukan kawalan* 2024 2023 2024 2023

Institusi pendidikan swasta berlesen

UNI YS Sdn. Bhd. Malaysia Institusi pendidikan swasta berlesen

Borneo Refugia Sdn. Bhd.

Dipegang melalui Innoprise Corporation Sdn. Bhd.:

Anco Furniture Sdn. Bhd.

Aquatica Aquarium & Discovery Centre Sdn. Bhd.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

19. Pelaburan dalam syarikat subsidiari (sambungan)

a) Butiran subsidiari bagi Kumpulan adalah seperti berikut (sambungan):

Nama Negara diperbadankan/ tempat perniagaan utama Aktiviti utama

Dipegang melalui Innoprise Corporation Sdn. Bhd. (sambungan):

Borneo Security

Pengendali kemasukan lawatan dan sewaan kenderaan

pegangan ekuiti dipegang oleh Kumpulan*

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan Bagi tahun kewangan berakhir 31 Disember 2024

19. Pelaburan dalam syarikat subsidiari (sambungan)

a) Butiran subsidiari bagi Kumpulan adalah seperti berikut (sambungan): Nama Negara diperbadankan/ tempat perniagaan utama Aktiviti utama % pegangan ekuiti dipegang oleh Kumpulan* % pegangan ekuiti dipegang oleh kepentingan bukan kawalan* 2024 2023 2024 2023

Dipegang melalui Innoprise Corporation Sdn. Bhd. (sambungan):

Innoprise Holdings

Innoprise Integrated Timber Complex

Synergy

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan Bagi tahun kewangan berakhir 31 Disember 2024

19. Pelaburan dalam syarikat subsidiari (sambungan)

a) Butiran subsidiari bagi Kumpulan adalah seperti berikut (sambungan):

Nama Negara diperbadankan/ tempat perniagaan utama Aktiviti utama

Dipegang melalui Innoprise Corporation Sdn. Bhd. (sambungan):

(PNG)

(Sabah)

Pengeluar dan penjual pelekat sintetik untuk industri kerja papan

Kumpulan*

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

19. Pelaburan dalam syarikat subsidiari (sambungan)

a) Butiran subsidiari bagi Kumpulan adalah seperti berikut (sambungan):

Nama Negara diperbadankan/ tempat perniagaan utama Aktiviti utama

Dipegang melalui

Innoprise Corporation

Sdn. Bhd. (sambungan):

Pacific

Hardwoods

Sdn. Bhd.

Rakyat Berjaya Sdn. Bhd.

Malaysia

Memberi perkhidmatan kepada industri gas dan minyak, sewa jeti dan kabin, dan perniagaan kontena

Malaysia Pengeluar dan penjual kayu log dan penanaman semula kawasan hutan pembalakan

% pegangan ekuiti dipegang oleh Kumpulan*

% pegangan ekuiti dipegang oleh kepentingan bukan kawalan* 2024 2023 2024 2023

Sabah Melale

Wood Industries Sdn. Bhd.

Sabah Softwoods Berhad

Malaysia Ejen penjual kayu balak eksklusif

Malaysia Penanaman semula hutan, perladangan kelapa sawit, operasi kilang cip dan kontrak penanaman semula hutan

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan Bagi tahun kewangan berakhir 31 Disember 2024

19. Pelaburan dalam syarikat subsidiari (sambungan)

a) Butiran subsidiari bagi Kumpulan adalah seperti berikut (sambungan):

Nama Negara diperbadankan/ tempat perniagaan utama Aktiviti utama % pegangan ekuiti dipegang oleh Kumpulan*

Dipegang melalui Innoprise Corporation Sdn. Bhd. (sambungan):

Silam Forest Products Sdn. Bhd.

Malaysia Memeterai perjanjian dengan pihak ketiga melalui syarikat usahasama untuk menjalankan pembangunan ladang kelapa sawit

pegangan ekuiti dipegang oleh kepentingan bukan kawalan* 2024 2023 2024 2023

Sunwise Crystal Sdn. Bhd.

Tanjong Aru

Transformasi

Malaysia Teknologi maklumat dan komunikasi sistem integrasi infrastruktur rangkaian dan sistem pusat data

YSG Bioscape Sdn. Bhd.

Malaysia Penyelidikan pemilihan, penyebaran invitro dan pengeluaran komersial spesies pokok perhutanan, pemilihan dan penyelidikan spesies tumbuhan hiasan

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan Bagi tahun kewangan berakhir 31 Disember 2024

19. Pelaburan dalam syarikat subsidiari (sambungan)

a) Butiran subsidiari bagi Kumpulan adalah seperti berikut (sambungan):

Nama Negara diperbadankan/ tempat perniagaan utama Aktiviti utama

Dipegang melalui Innoprise Corporation Sdn. Bhd. (sambungan):

YSG Silica Sdn. Bhd.

Dipegang melalui Benta Wawasan Sdn. Bhd.:

B. W. Plantations

Sdn. Bhd.

Benta Edible

Malaysia Pemegang pelaburan dalam usahasama operasi ladang kelapa sawit

Dipegang melalui Inno Resource Development Sdn. Bhd.:

Dipegang oleh Innoprise Integrated Timber Complex Sdn. Bhd.:

Timber Processing Complex Sdn. Bhd.

Dipegang melalui Rakyat Berjaya Sdn. Bhd.:

Nicohandal Sdn. Bhd.

% pegangan ekuiti dipegang oleh

Kumpulan*

% pegangan ekuiti dipegang oleh kepentingan bukan kawalan* 2024 2023 2024 2023

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan Bagi tahun kewangan berakhir 31 Disember 2024

19. Pelaburan dalam syarikat subsidiari (sambungan)

a) Butiran subsidiari bagi Kumpulan adalah seperti berikut (sambungan):

Nama Negara diperbadankan/ tempat perniagaan utama Aktiviti utama

Dipegang melalui Sabah Softwoods Berhad:

Regional Harvest Sdn. Bhd.

Brumas Nature Trek & Adventure Sdn. Bhd.

Dipegang melalui Innoprise Plantations Berhad:

Serijaya Industries Sdn. Bhd.

IPB Bio Energy Sdn. Bhd.

Operasi chalet dan pondok hutan

% pegangan ekuiti dipegang oleh Kumpulan*

% pegangan ekuiti dipegang oleh kepentingan bukan kawalan* 2024 2023 2024 2023

Malaysia Kontraktor pengeluar kayu dan operasi perladangan kelapa sawit

Malaysia Pengeluar dan pembekal tenaga boleh diperbaharui

Dipegang melalui KKYS Sdn. Bhd.:

YS BSTS Sdn. Bhd.

Dipegang melalui UNI YS

Sdn. Bhd.:

Erawave Sdn. Bhd.

katering

Malaysia Perkhidmatan penggambaran dokumentari, rakaman dan penerbitan

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan Bagi tahun kewangan berakhir 31 Disember 2024

19. Pelaburan dalam syarikat subsidiari (sambungan)

a) Butiran subsidiari bagi Kumpulan adalah seperti berikut (sambungan):

Nama

Negara diperbadankan/ tempat perniagaan utama Aktiviti utama

Dipegang melalui Sapangar Sdn. Bhd.:

Sinsuran Sdn. Bhd.

Malaysia Mentadbir berkaitan rumah kedai terjual

pegangan ekuiti dipegang oleh kepentingan bukan kawalan* 2024 2023 2024 2023

pegangan ekuiti dipegang oleh Kumpulan*

Sabah Melale

Wood Industries Sdn. Bhd. Malaysia Ejen eksklusif menjual kayu log

Plywood Manufacturing Sdn. Bhd.

Malaysia Tidak aktif (berhenti operasi pada 2012)

Dipegang melalui Tawau

Plywood Manufacturing Sdn. Bhd.:

Dipegang melalui

Petrosabah Sdn. Bhd.:

Inno Hydropower (B) Sdn. Bhd.

Inno Hydropower (T) Sdn. Bhd.

Malaysia Langgan dan melabur dalam ekuiti syarikat loji kuasa bebas

Malaysia Langgan dan melabur dalam ekuiti syarikat loji kuasa bebas

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

19. Pelaburan dalam syarikat subsidiari (sambungan)

a) Butiran subsidiari bagi Kumpulan adalah seperti berikut (sambungan):

Nama

Negara diperbadankan/ tempat perniagaan utama Aktiviti utama

Dipegang melalui Petrosabah Sdn. Bhd. (sambungan):

Inno Hydropower (P) Sdn. Bhd.

Hydropower (M) Sdn. Bhd.

% pegangan ekuiti dipegang oleh

% pegangan ekuiti dipegang oleh kepentingan

Kumpulan*

bukan kawalan* 2024 2023 2024 2023

Semua subsidiari di atas tidak diaudit oleh Jabatan Audit Negara Malaysia.

* Bersamaan dengan bahagian hak mengundi dipegang.

^ Sabah Melale Wood Industries Sdn. Bhd. adalah 61% dimiliki oleh Innoprise Corporation Sdn. Bhd. dan 39% dimiliki oleh Sapangar Sdn. Bhd.

Pelaburan tambahan dalam syarikat subsidiari

Brumas Nature Trek & Adventure Sdn. Bhd.

Sepanjang tahun kewangan, sebuah syarikat subsidiari Kumpulan, Sabah Softwood Berhad, telah menambah langganan saham biasa dalam Brumas Nature Trek & Adventure Sdn. Bhd. 499,900 saham (2023: 100 saham), dengan jumlah balasan tunai sebanyak RM499,900. Tambahan pelaburan ini tidak mengubah bahagian kepentingan ekuiti Kumpulan dalam anak syarikat pada tarikh laporan ini.

Penyahiktirafan syarikat subsidiari

Anco Furniture Sdn. Bhd.

Sepanjang tahun kewangan, Kumpulan telah menyahiktiraf keseluruhan kepentingan ekuiti dalam Anco Furniture Sdn. Bhd., sebagai syarikat subsidiari yang telah dibubarkan pada 15 Mac 2024.

Aquatica Aquarium & Discovery Centre Sdn. Bhd.

Sepanjang tahun kewangan, Kumpulan telah menyahiktiraf keseluruhan kepentingan ekuiti dalam Aquatica Aquarium & Discovery Centre Sdn. Bhd., sebagai anak syarikat subsidiari yang telah dibubarkan pada 21 Mei 2024.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

19. Pelaburan dalam syarikat subsidiari (sambungan)

b) Rumusan maklumat kewangan subsidiari yang mempunyai kepentingan tak kawal yang ketara kepada Kumpulan.

Kepentingan bukan kawalan dalam Innoprise Corporation Sdn. Bhd. dan Sapangar Sdn. Bhd. tidak dianggap ketara kepada Kumpulan. Kumpulan telah memilih untuk mendedahkan ringkasan maklumat kewangan syarikat subsidiari kepada Innoprise Corporation Sdn. Bhd. memandangkan ia merupakan sumbangan penting kepada kedudukan dan prestasi kewangan keseluruhan Kumpulan.

Ringkasan maklumat kewangan dipersembahkan di bawah pada nilai sebelum penyingkiran antara syarikat.

(i) Ringkasan penyata kedudukan kewangan

Aset bersih boleh diagihkan kepada Innoprise Corporation

Subsidiari kepada Innoprise Corporation Sdn. Bhd. 2024

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

19. Pelaburan dalam syarikat subsidiari (sambungan)

b) Rumusan maklumat kewangan subsidiari yang mempunyai kepentingan bukan kawalan yang ketara kepada Kumpulan (sambungan)

(ii) Ringkasan penyata untung atau rugi dan pendapatan komprehensif lain

Subsidiari kepada

Bhd.

Untung boleh diagihkan kepada Innoprise Corporation

boleh diagihkan kepada kepentingan

Rugi komprehensif lain boleh diagihkan kepada

Innoprise Corporation Sdn. Bhd. (907) (2,653)

Rugi komprehensif lain boleh diagihkan kepada kepentingan bukan kawalan (18) (266)

Rugi komprehensif lain pada tahun semasa (925) (2,919)

Jumlah pendapatan komprehensif boleh diagihkan

Jumlah pendapatan komprehensif boleh diagihkan

(iii) Ringkasan aliran tunai

kepada

(179,778) Lebihan/(kurangan) bersih dalam tunai dan kesetaraan tunai

(33,781)

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan Bagi tahun kewangan berakhir 31 Disember 2024

20. Pelaburan dalam syarikat bersekutu

Saham tidak tersiar harga, pada kos

Rizab bahagian pasca-pengambilalihan

Tolak: Kerugian rosotnilai terkumpul

a) Butiran syarikat bersekutu Kumpulan adalah seperti berikut:

Nama Negara diperbadankan/ tempat perniagaan utama Aktiviti utama % kepentingan pemilikan dipegang oleh Kumpulan^ Model perakaunan digunapakai 2024 2023

Dipegang melalui Inno

Resources Development Sdn. Bhd.:

Sunlight Inno Seafood Sdn. Bhd. ~

WAF Holding Sdn. Bhd.

Lobster Aqua Technologies Sdn. Bhd.

Dipegang melalui Rakyat Berjaya Sdn. Bhd.:

RT Plantations Sdn. Bhd.

Gerak Saga Sdn. Bhd.

akuakultur udang

Penanaman dan pengurusan penternakan rumpai laut, akuakultur dan eko-pelancongan

penternakan udang galah

ekuiti

ekuiti

perladangan kelapa sawit

hutan dan perladangan pokok

ekuiti

ekuiti

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan Bagi tahun kewangan berakhir 31 Disember 2024

20. Pelaburan dalam syarikat bersekutu (sambungan)

a) Butiran syarikat bersekutu Kumpulan adalah seperti berikut (sambungan): Nama Negara diperbadankan/ tempat perniagaan utama Aktiviti utama

Dipegang melalui Silam Forest Products Sdn. Bhd.:

Arus Sawit Sdn. Bhd.

Ikatan Kayangan Sdn. Bhd.

Kelola Maju Sdn. Bhd.

Danau Hartamas Sdn. Bhd.

Malaysia Operasi perladangan kelapa sawit

Malaysia Operasi perladangan kelapa sawit

Malaysia Penanaman kelapa sawit

Malaysia Membeli, menjual, menyewa dan mengendalikan harta tanah milik sendiri atau disewa – aktiviti bangunan kediaman syarikat induk

Dipegang melalui Danau Hartamas Sdn. Bhd.:

Majumas Pasifik Sdn. Bhd.

% kepentingan pemilikan dipegang oleh Kumpulan^

Model perakaunan digunapakai 2024 2023

Kaedah ekuiti

ekuiti

Kaedah ekuiti

Malaysia Pengeluaran sawit mentah dan perdagangan produk berkaitan minyak kelapa sawit 29 29 Kaedah ekuiti

Dipegang melalui Petrosabah Sdn. Bhd.:

Oriole Hydro Padas Sdn. Bhd..

Malaysia Pengendalian kemudahan penjanaan tenaga elektrik

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan Bagi tahun kewangan berakhir 31 Disember 2024

20. Pelaburan dalam syarikat bersekutu (sambungan)

a) Butiran syarikat bersekutu Kumpulan adalah seperti berikut (sambungan):

Nama Negara diperbadankan/ tempat perniagaan utama Aktiviti utama

Dipegang melalui Inno Hydropower (M) Sdn. Bhd.

Oriole Hydro Maligan Sdn. Bhd.

Malaysia Pengendalian kemudahan penjanaan tenaga elektrik

Dipegang melalui Inno Hydropower (T) Sdn. Bhd.:

Telekosang Hydro One Sdn. Bhd.

Telekosang Hydro Two Sdn. Bhd.

Malaysia Pembangunan hidro kecil - skim kuasa

% kepentingan pemilikan dipegang oleh Kumpulan^

Model perakaunan digunapakai 2024 2023

29 29 Kaedah ekuiti

29 29 Kaedah ekuiti

Malaysia Pembangunan hidro kecil - skim kuasa 29 29 Kaedah ekuiti

Dipegang melalui Sabah Softwoods Bhd.:

K.M. Hybrid Plantation Sdn. Bhd.

Sabah Softwoods Hybrid Fertiliser Sdn. Bhd.

Malaysia Perladangan pokok 21 21 Kaedah ekuiti

Malaysia Pengeluar dan perdagangan baja 31 31 Kaedah ekuiti

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

20. Pelaburan dalam syarikat bersekutu (sambungan)

a) Butiran syarikat bersekutu Kumpulan adalah seperti berikut (sambungan):

Nama

Negara diperbadankan/ tempat perniagaan utama

Held through Benta Wawasan Sdn. Bhd.

Benta Agrotech Sdn. Bhd.

Aktiviti utama

Malaysia Pengeluar dan peruncit baja agrikultur

Held through Inno Success

Sdn. Bhd.:

Agensi Pekerjaan Legacy Success Sdn Bhd.

Malaysia Agensi penempatan pekerjaan

^ Bersamaan dengan bahagian hak mengundi dipegang.

% kepentingan pemilikan dipegang oleh Kumpulan^ Model perakaunan digunapakai 2024 2023

49 49 Kaedah ekuiti

30 - Kaedah ekuiti

~ Maklumat kewangan Sunlight Inno Seafood Sdn. Bhd. bagi tujuan menggunapakai kaedah ekuiti adalah berdasarkan kepada akaun pengurusan terkini disediakan oleh syarikat bersekutu. Penyata kewangan syarikat bersekutu sehingga 2019 telah diaudit oleh firma-firma selain daripada Ernst & Young PLT, dan untuk tahun-tahun kewangan selepas 2019, penyata kewangan diaudit tidak tersedia buat masa ini. Kumpulan telah menilai bawaan pelaburan dalam syarikat bersekutu, dan pelarasan wajar telah dibuat untuk menggambarkan penilaian pengurusan terhadap kedudukan dan prestasi kewangan syarikat bersekutu

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

20. Pelaburan dalam syarikat bersekutu (sambungan)

b) Ringkasan maklumat kewangan berkaitan dengan syarikat bersekutu Kumpulan yang ketara;

Ringkasan maklumat kewangan mewakili amaun dalam penyata kewangan MFRS syarikat bersekutu dan bukan jumlah bahagian Kumpulan.

(i) Ringkasan penyata kedudukan kewangan

Syarikat bersekutu bagi kumpulan syarikat

Innoprise Corporation

Sdn. Bhd.

Tolak: Kepentingan bukan kawalan (10,682) (10,271) -

(ii) Ringkasan penyata untung atau rugi dan pendapatan komprehensif lain

Syarikat bersekutu bagi kumpulan syarikat

Innoprise Corporation

Sdn. Bhd.

Untung/(rugi) sebelum cukai

(Rugi)/untung bersih selepas cukai (6,333) (107,707)

Pendapatan komprehensif lain - -Jumlah (rugi)/untung komprehensif (6,333) (107,707)

Dividen diterima daripada syarikat bersekutu pada tahun semasa (8,563) (6,136) (5,370)

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

20. Pelaburan dalam syarikat bersekutu (sambungan)

(iii) Penyesuaian daripada ringkasan maklumat kewangan yang dibentangkan di atas pada nilai bawaan kepentingan Kumpulan dalam syarikat bersekutu.

Syarikat bersekutu bagi kumpulan syarikat

Innoprise Corporation Sdn. Bhd.

Aset bersih pada 1 Januari

(Rugi)/untung pada tahun semasa (6,333) (107,707)

Pendapatan komprehensif lain - -Terbitan saham - 24,500Nyahiktirafan - 60 35 Bayaran dividen (22,100) (17,200) (16,400)

Saham keutamaan boleh ditebus diklasifikasikan sebagai ekuiti - 100,000 -

pada 31 Disember

Tolak: Saham keutamaan boleh ditebus oleh kepentingan bukan kawalan (100,000) (100,000) -

Kepentingan dalam syarikat

Nilai bawaan kepentingan Kumpulan dalam syarikat

21. Pelaburan dalam syarikat usahasama

Saham tidak tersiar harga, pada kos

bahagian pasca-pengambilalihan

Tolak: Kerugian rosotnilai terkumpul -

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan Bagi tahun kewangan berakhir 31 Disember 2024

21. Pelaburan dalam syarikat usahasama (sambungan)

a) Butiran syarikat usahasama Kumpulan adalah seperti berikut:

Nama Negara diperbadankan/ tempat perniagaan utama Aktiviti utama % kepentingan pemilikan dipegang oleh Kumpulan^ Model perakaunan digunapakai 2024 2023

Dipegang melalui B.W. Plantations Sdn. Bhd.:

Samel Plantation Sdn. Bhd.

Dipegang melalui Inno

Resources Development Sdn. Bhd:

Permata Sekitar Sdn. Bhd.

Dipegang melalui Sunwise

Crystal Sdn. Bhd.: Borneo Bandwidth Sdn. Bhd.

Dipegang melalui NRG Consortium (Sabah) Sdn. Bhd.:

Kimanis Power Sdn. Bhd.

Kimanis O&M Sdn. Bhd.

Kimanis Power (Dua) Sdn. Bhd.

Dipegang melalui YSG Silica Sdn. Bhd.:

Inno Aura Silica Sdn. Bhd.

Held through Innoprise Holdings Sdn. Bhd.:

Inno Success Sdn. Bhd.

Operasi perladangan kelapa sawit

Meneroka dan mengembangkan perniagaan ICT

perkhidmatan operasi dan penyelenggaraan

Perlombongan dan kuari

Agensi penempatan pekerjaan dan pegangan pelaburan

ekuiti

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

21. Pelaburan dalam syarikat usahasama (sambungan)

a) Butiran syarikat usahasama Kumpulan adalah seperti berikut: (sambungan)

Nama

Negara diperbadankan/ tempat perniagaan utama

Held through Innoprise Holdings Sdn. Bhd. (continued):

Inno Mudah

Healthcare Sdn. Bhd.

Aktiviti utama

Malaysia Perkhidmatan perundingan pengurusan perniagaan

^ Bersamaan dengan bahagian hak mengundi dipegang.

% kepentingan pemilikan dipegang oleh Kumpulan^

Model perakaunan digunapakai 2024 2023

51 - Kaedah ekuiti

Kumpulan memegang pelbagai peratusan hak mengundi dalam perjanjian usahasama. Di bawah perjanjian kontrak, persetujuan semua perlu daripada semua pihak terlibat dalam usahasama bagi semua kegiatan berkaitan. Perjanjian usahasama terbentuk melalui entiti yang berasingan dan memberikan hak kepada Kumpulan atas aset bersih entiti di bawah perjanjian tersebut. Oleh itu, entiti tersebut telah dikelaskan sebagai usahasama Kumpulan.

a. Kimanis Power (Dua) Sdn. Bhd.

Sepanjang tahun kewangan, syarikat subsidiari Kumpulan, NRG Consortium (Sabah) Sdn. Bhd., telah melanggan 4,000,000 saham biasa pada harga RM1 seunit, dan 42,000 saham keutamaan boleh tebus pada RM1,000 seunit saham keutamaan boleh tebus dalam Kimanis Power (Dua) Sdn. Bhd., untuk sejumlah balasan nilai sebanyak RM46,000,000 menurut Perjanjian Pembangunan Bersama bertarikh 1 November 2023 yang dimeterai antara syarikat subsidiari dan Petronas Gas Berhad. Selepas langganan, bahagian kepentingan ekuiti yang dipegang oleh syarikat subsidiari menjadi 40%, kepentingan penyertaan syarikat subsidiari dalam syarikat usahasama seperti terkandung dalam Perjanjian Pemegang Saham bertarikh 29 Ogos 2024.

b. Inno Success Sdn. Bhd.

Sepanjang tahun kewangan, syarikat subsidiary Kumpulan, Innoprise Holdings Sdn. Bhd., telah melanggan 610 saham biasa dalam Inno Success Sdn. Bhd. pada RM1 seunit. Selepas langganan, Inno Success Sdn. Bhd. menjadi syarikat usahasama Kumpulan.

c. Inno Mudah Healthcare Sdn. Bhd.

Sepanjang tahun kewangan, syarikat subsidiary Kumpulan, Innoprise Holdings Sdn. Bhd., telah melanggan 510 saham biasa dalam Inno Mudah Healthcare Sdn. Bhd. pada RM1 seunit. Selepas langganan, Inno Mudah Healthcare Sdn. Bhd. menjadi syarikat usahasama Kumpulan.

Tiada harga pasaran diperoleh bagi saham syarikat-syarikat tersebut kerana ianya adalah syarikat persendirian. Syarikat tersebut adalah strategik bagi perkembangan perniagaan.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

21. Pelaburan dalam syarikat usahasama (sambungan)

b) Ringkasan maklumat kewangan terhadap setiap syarikat usahasama Kumpulan:

Ringkasan maklumat mewakili amaun dalam penyata kewangan MFRS syarikat usahasama dan bukan jumlah kepentingan Kumpulan.

(i) Ringkasan penyata kedudukan kewangan

Syarikat usahasama kumpulan syarikat

Innoprise Corporation

Tolak: Kepentingan bukan kawalan

(ii) Ringkasan penyata untung atau rugi dan penyata komprehensif lain

Dividen diterima dari syarikat usahasama pada tahun semasa

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

21. Pelaburan dalam syarikat usahasama (sambungan)

c) Penyesuaian daripada ringkasan maklumat kewangan yang dibentangkan di atas pada nilai bawaan kepentingan Kumpulan dalam syarikat usahasama.

Syarikat usahasama kumpulan syarikat

Innoprise Corporation Sdn. Bhd. 2024

2023

Aset bersih pada 1 Januari

Pendapatan komprehensif lain (13,043) 3,407 8,657

Bayaran dividen - (60,000) (50,000)

Terbitan saham biasa 115,002

22. Pinjaman pengajian

Semasa

Pergerakan dalam akaun elaun:

Pinjaman pengajian adalah tidak bercagar dan tidak dikenakan faedah.

Yayasan Sabah (Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Diiktiraf dalam pendapatan komprehensif lain RM’000 Pada 31 Disember 2024

Diiktiraf dalam untung atau rugi RM’000

Diiktiraf dalam pendapatan komprehensif lain RM’000 Pada 31 Disember 2023

Diiktiraf dalam untung atau rugi RM’000

Nota-nota kepada penyata kewangan Bagi tahun kewangan berakhir 31 Disember 2024

Pada 1 Januari 2023 RM’000

23. Cukai tertunda Kumpulan

(3,131)

Liabiliti cukai tertunda : Hartanah , loji dan peralatan

Aset cukai tertunda : Liabiliti manfaat pekerja ditentukan (2,711) (139) (173) (3,023) (108)

(10,187) (303)

Kerugian cukai belum digunakan dan elaun belum diserap (33,297) 23,110

(4,747) Peruntukan (625)

Liabiliti pajakan (5,425)

(2,954) (17,576)

(171) Lain-lain 12,731 (15,685)

228,3 7 9

(20,530) (29,327) 7,593 (173) (21,907) (17,162)(39,069) 211,529 6,428 (173) 217,784 10,59 5

Yayasan

Aset cukai tertunda : Lain-lain

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

23. Cukai tertunda (sambungan)

Dibentangkan selepas pelarasan sewajarnya berikut:

Aset cukai tertunda (22,608) (21,907) (21,720) (21,720) Liabiliti cukai tertunda

Aset cukai tertunda belum diiktiraf bagi perkara berikut:

cukai belum digunakan

Kerugian cukai belum diiktiraf dan elaun modal belum diserap

Pada tarikh pelaporan, Kumpulan mempunyai kerugian cukai sebanyak RM516,289,000 (2023: RM489,975,000), elaun modal belum diserap sebanyak RM104,404,000 (2023: RM105,328,000) dan elaun pertanian belum diserap sebanyak RM91,076,000 (2023: RM100,977,000) yang tersedia untuk dilaraskan dengan keuntungan bercukai masa depan syarikat masing-masing, di mana tiada aset cukai tertunda diiktiraf kerana tidak berkemungkinan bahawa keuntungan boleh dicukai masa depan akan tersedia di mana Kumpulan boleh menggunakan manfaat daripadanya. Penggunaan kerugian cukai dan elaun modal belum diserap adalah tertakluk kepada persetujuan pihak berkuasa cukai dan mematuhi peruntukan undang-undang cukai tertentu. Kerugian cukai yang belum diiktiraf akan tamat tempoh seperti berikut:

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

24. Akaun terimaan dagangan dan lain

Semasa

Akaun terimaan

Tolak: Elaun rosotnilai:

Akaun terimaan lain

Amaun terhutang daripada

Tolak: Elaun rosotnilai: Syarikat subsidiari

(30,044) Syarikat bersekutu - (5) -Syarikat usahasama (697) (650) -Pihak ketiga (31,244) (30,600) (844) (831) (31,941) (31,255) (29,993) (30,875)

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

24. Akaun terimaan dagangan dan lain (sambungan)

Bukan semasa

Akaun terimaan lain

Hak konsesi kayu terimaan

Tolak: Elaun rosotnilai: Pihak ketiga (69) (69) - -

Jumlah akaun terimaan

Tolak: Cukai Brangan dan perkhidmatan boleh dikembalikan - (1) - (1)

Jumlah aset kewangan

(a) Akaun terimaan dagangan

Jangkaan kerugian kredit

Pergerakan dalam peruntukan untuk jangkaan kerugian kredit belum terima dagangan yang dikira berdasarkan jangka hayat ECL adalah seperti berikut:

Belum terima dagangan yang dirosotnilai secara individu pada tarikh pelaporan adalah berkaitan dengan penghutang yang mempunyai kesukaran kewangan yang ketara dan gagal dalam membuat pembayaran.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

24. Akaun terimaan dagangan dan lain (sambungan)

(a) Akaun terimaan lain – baki pihak berkaitan

(i) Amaun terhutang daripada pihak berkaitan

Amaun terhutang daripada pihak berkaitan adalah tanpa cagaran, tidak dikenakan faedah dan perlu dibayar balik atas permintaan.

(ii) Hak konsesi kayu terimaan daripada syarikat subsidiari (bukan semasa)

Yayasan Sabah telah memberikan semua hak dan obligasi di bawah SFMLA 09/97 (seperti dalam Nota 18) kepada syarikat subsidiari. Baki daripada balasan belum bayar pada 1 Januari 1998 adalah RM135,000,000 dan boleh dibayar dengan ansuran tahunan sebanyak RM1,875,000. Faedah dikenakan atas baki belum bayar pada kadar 8% setahun. Pada tahun 2023, kelulusan telah diberikan oleh Yayasan Sabah bagi semakan semula ansuran tahunan kepada RM1,250,000 dan semakan semula faedah dikenakan atas baki belum bayar kepada 2% setahun.

(b) Amaun terhutang daripada Kerajaan Negeri Sabah

Ini berkaitan belanja yang dibayar dan pendahuluan yang dibuat oleh subsidiari bagi pihak Kerajaan Negeri Sabah untuk projek pembinaan kompleks sukan dan rekreasi.

(c) Akaun terimaan lain yang dirosotnilai

Pergerakan dalam akaun elaun:

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

25. Sekuriti pelaburan

Bukan semasa

Pada nilai saksama melalui pendapatan komprehensif lain - Instrumen ekuiti

(tersiar harga di Malaysia)

- Instrumen ekuiti (tersiar harga di Malaysia)

Semasa

Pada nilai saksama melalui untung atau rugi

Sekuriti tersiar harga

Jumlah aset kewangan pada nilai saksama melalui untung atau

26. Inventori

Kos/nilai saksama

Produk kayu dan log

Tandan buah segar, sawit mentah

biji kelapa sawit

dalam transit

Nilai boleh direalisasikan bersih

Produk kayu dan log

Minyak sawit mentah dan biji kelapa

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

27. Aset-aset lain

Kumpulan Yayasan

Prabayaran belanja modal (bukan semasa) mewakili sebahagian bayaran untuk membeli peralatan di mana penghantaran akan dilakukan kepada Kumpulan selepas tarikh pelaporan.

28. Tunai dan baki di bank

Kumpulan Yayasan

Bagi tujuan penyata aliran tunai, tunai dan tunai setara pada tarikh pelaporan merangkumi perkara berikut:

Tunai di bank mendapat faedah pada kadar terapung berdasarkan kadar deposit bank harian. Deposit dilakukan dalam pelbagai tempoh antara satu hari hingga dua belas bulan bergantung pada keperluan tunai segera, dan memperoleh faedah pada kadar deposit yang berkaitan. Kadar faedah purata wajaran yang berkesan pada 31 Disember 2024 bagi Kumpulan dan Yayasan ialah 3.7% (2023: 3.8%) dan 3.89% (2023: 3.68%) masing-masing.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

28. Tunai dan baki di bank (sambungan)

Tunai di bank dan deposit Kumpulan dengan institusi kewangan berlesen berjumlah RM2,968,000 (2023: RM2,943,000) adalah dicagar sebagai sekuriti bagi jaminan dan kemudahan bank yang diberikan kepada syarikat-syarikat subsidiari tertentu.

29. Pinjaman dan pembiayaan

Semasa

Bercagar:

Bukan semasa Bercagar:

Baki kematangan pinjaman dan pembiayaan pada 31 Disember 2024 adalah seperti berikut:

daripada 2 tahun dan kurang daripada 5 tahun

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan Bagi tahun kewangan berakhir 31 Disember 2024

29. Pinjaman dan pembiayaan (sambungan)

Pada 18 Februari 2017, sebuah subsidiari, Innoprise Corporation Sdn. Bhd. membuat perjanjian kemudahan pinjaman berjangka bersindiket dengan AmInvestment Bank Berhad dan Sabah Development Bank Berhad bagi menjamin kemudahan pinjaman bernilai RM355 juta. Pada 28 Julai 2020, Sabah Development Bank Berhad bersetuju untuk mengambilalih komitmen pinjaman AmBank dengan jumlah sehingga RM255 juta. Latihan pengambilalihan bermula dari 30 Julai 2021. Pinjaman ini diberikan kepada Kumpulan bagi tujuan membiayai sebahagian belanja modal dan belanja yang berkaitan yang melibatkan pembinaan Pusat Konvensyen Antarabangsa Sabah (SICC).

Terma utama pinjaman adalah seperti berikut:

Pembayaran: Melebihi dua puluh sembilan ansuran suku tahunan.

Faedah: Akan menanggung faedah pada 0.5% di bawah kadar pinjaman asas setahun, dikira dan dibayar secara bulanan.

Kemudahan pinjaman berjangka ini dijamin oleh:

a) surat sokongan daripada Yayasan Sabah;

b) penyerahan hak dan caj ke atas akaun yang ditetapkan;

c) penyerahan hak kontrak Takaful/insurans berkaitan projek tersebut;

d) penyerahan sumbangan daripada pihak berkaitan untuk pembinaan stesen kecil untuk Sabah Electricity Sdn Bhd;

e) penyerahan Bon Pelaksanaan oleh kontraktor turnkey projek.

Pinjaman dan pembiayaan bercagar lain

Pinjaman dan pembiayaan adalah dicagar seperti berikut:

a) caj undang-undang pertama ke atas kapal dan penyerahan semua balasan kontrak dari jualan minyak sawit mentah subsidiari;

b) penyerahan hak, hakmilik dan kepentingan termasuk tetapi tidak terhad kepada hak untuk menduduki dan membangunkan sebidang tanah subsidiari;

c) deposit dengan institut kewangan berlesen subsidiari; dan

d) jaminan korporat oleh subsidiari.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan Bagi tahun kewangan berakhir 31 Disember 2024

29. Pinjaman dan pembiayaan (sambungan)

Penyesuaian liabiliti yang terhasil daripada aktiviti kewangan adalah seperti berikut: Perubahan bukan tunai

Kumpulan Pinjaman

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan Bagi tahun kewangan berakhir 31 Disember 2024

29. Pinjaman dan pembiayaan (sambungan)

Penyesuaian liabiliti yang terhasil daripada aktiviti kewangan adalah seperti berikut:

Perubahan bukan tunai

Kumpulan

Ruangan ‘lain-lain’ berkaitan pengkelasan semula bahagian bukan semasa pinjaman dan pembiayaan termasuk obligasi di bawah pajakan kewangan disebabkan oleh perjalanan masa, konsesi sewa dan penyahiktirafan liabiliti pajakan.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

30. Akaun bayaran dagangan dan lain

Akaun bayaran dagangan

Pihak ketiga

Akaun bayaran lain

Amaun terhutang kepada pihak berkaitan:

Jumlah akaun bayaran dagangan

Tambah: Pinjaman dan pembiayaan (Nota 29)

Tambah: Liabiliti pajakan (Nota 31) 2,755 4,268

Jumlah liabiliti kewangan dibawa pada

(a) Akaun bayaran dagangan

Akaun bayaran dagangan adalah bebas faedah dan terma kredit perdagangan biasa diberikan kepada Kumpulan dalam lingkungan satu bulan hingga tiga bulan.

(b) Akaun bayaran lain

Akaun bayaran lain adalah bebas faedah. Akaun bayaran lain biasanya diselesaikan dalam tempoh purata 6 bulan (2023: 6 bulan).

(c) Amaun terhutang kepada pihak berkaitan

Amaun terhutang kepada pihak berkaitan adalah tidak bercagar, bebas faedah dan dibayar apabila dituntut.

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

31. Pajakan

Sebagai pemajak

Kumpulan dan Yayasan mempunyai kontrak pajakan untuk tanah, premis bangunan, kenderaan bermotor dan peralatan pejabat dengan terma pajakan masing-masing yang digunakan dalam operasi mereka. Obligasi Kumpulan dan Yayasan bagi pajakan mereka dijamin oleh hak pemilikan pemberi pajakan atas aset yang dipajak.

Kumpulan dan Yayasan juga mempunyai pajakan hartanah tertentu dengan tempoh pajakan 12 bulan atau kurang. Kumpulan dan Yayasan menggunakan pengecualian pengiktirafan ‘sewa jangka pendek’ untuk pajakan ini.

Kumpulan dan Yayasan juga mempunyai pajakan peralatan tertentu dengan nilai rendah. Kumpulan dan Yayasan menggunakan pengecualian pengiktirafan ‘aset bernilai rendah’ untuk pajakan ini.

Berikut adalah nilai bawaan hak mengguna aset dan pergerakan semasa tempoh tersebut:

Tanah pajakan jangka panjang

Kumpulan

Kos

pajakan jangka

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan Bagi tahun kewangan berakhir 31 Disember 2024

31. Pajakan (sambungan)

Sebagai pemajak (sambungan)

Yayasan

Pada 1 Januari 2023

Susutnilai terkumpul

Pada 1 Januari 2023

bagi tahun semasa

Pada 31 Disember 2023 dan 1 Januari 2024

bagi tahun semasa

Pada 31 Disember 2024

Nilai bawaan bersih

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan Bagi tahun kewangan berakhir 31 Disember 2024

31. Pajakan (sambungan)

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan Bagi tahun kewangan berakhir 31 Disember 2024

31. Pajakan (sambungan)

Sebagai pemajak (sambungan)

Berikut merupakan amaun yang diiktiraf di untung atau rugi:

Belanja berkaitan pajakan berubah-ubah tidak termasuk dalam pengukuran liabiliti pajakan

bersih atas penyahiktirafan pajakan

Pada tahun ini, Kumpulan dan Yayasan mempunyai jumlah aliran keluar tunai untuk pajakan sebanyak RM3,460,000 (2023: RM3,931,000) dan RM156,000 (2023: RM148,000) pada tahun 2024. Kumpulan dan Yayasan juga mempunyai tambahan bukan tunai kepada aset hak guna dan liabiliti pajakan sebanyak RM136,000 (2023: RM1,426,000) dan tiada (2023: tiada) masing-masing pada tahun 2024.

Kumpulan sebagai pemberi pajakan

Kumpulan telah membuat pajakan operasi atas portfolio hartanah pelaburannya yang terdiri daripada tanah pegangan pajak dan premis pejabat. Pajakan ini mempunyai baki tempoh pajakan antara 1 tahun hingga 92 tahun. Pendapatan sewa yang diiktiraf oleh Kumpulan dan Yayasan didedahkan di Nota 4.

Sewa minimum masa depan yang dapat diterima di bawah pajakan operasi yang tidak dapat dibatalkan pada 31 Disember 2024 adalah seperti berikut:

Yayasan Sabah

(Ditubuhkan di bawah Enakmen Yayasan Sabah, 1966)

Dana Yayasan Sabah

Nota-nota kepada penyata kewangan

Bagi tahun kewangan berakhir 31 Disember 2024

32. Liabiliti kontrak

Pendapatan tertunda daripada terimaan geran

dan bayaran pendahuluan tetamu

yuran pengajian diterima

Liabiliti kontrak terutamanya berkaitan dengan kewajipan Kumpulan untuk memindahkan barang dan perkhidmatan kepada pelanggan yang mana Kumpulan telah menerima deposit dan bayaran pendahuluan dari para tetamu dan pendahuluan diterima daripada pelajar untuk kursus.

Liabiliti kontrak diiktiraf sebagai pendapatan apabila Kumpulan melaksanakan kontrak tersebut.

33. Aset dan liabiliti manfaat pekerja ditentukan

Kumpulan mengendalikan dana pelan manfaat pekerja (“pelan”) bagi pekerja yang layak. Sumbangan kepada pelan dibuat kepada dana pentadbiran yang berasingan. Di bawah pelan ini, kakitangan yang layak berhak mendapatkan manfaat persaraan apabila mencapai umur persaraan atau selepas meletak jawatan. Tambahan pula, Yayasan dan syarikat subsidiari Yayasan mengendalikan pelan manfaat ditentukan tanpa danaan bagi kakitangan yang layak.

Jadual di bawah merupakan ringkasan komponen perbelanjaan manfaat bersih yang diiktiraf dalam untung atau rugi dan amaun pelan diiktiraf dalam penyata kedudukan kewangan.

(Aset)/liabiliti manfaat

Kumpulan

Obligasi

Didedahkan sebagai: