Jumaat, November 18, 2011

MASTERCHEF MALAYSIA?

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NFC chairman explains income from condominiums

KUALA LUMPUR Nov 18: Amid questions and confusion over the rental of the two One Menerung condominiums it owns, National Feedlot Corp (NFC)has come out to explain how it gets a monthly income of about RM70,000 per unit.

imageNFC executive chairman Datuk Seri Dr Mohamed Salleh Ismail said each unit was rented out for RM18k.

On top of that, NFC gets a monthly 10% cash rebate from the developer on the price it paid for each of the RM6.9mil condominiums.

The NFC paid cash for the condo, he added, and the cash rebate, came up to RM57,000 each month.

"The total of both (RM18k and RM57k) makes it RM75k each month," he said Friday.

This would give it an income of RM900,000 per unit for a year.

He said the two units were being rented out to two different oil and gas companies to provide housing for their expatriate staff.

The NFC came under scrutiny recently following the 2011 Auditor-General's report which described it as a mess and that it was poorly managed and had only met 41.1% of its target for 2010.

Salleh is the husband of Women, Family and Community Development Minister Datuk Seri Shahrizat Abdul Jalil.

NFC is run by Salleh and their three children.

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RM70k rental for cattle condo ‘unbelievable’, say property gurus

“Who is the tenant?” asked one veteran property consultant. “It is unbelievable. To get RM70,000 for a condominium is unheard of. Usually when renters pay more than RM15,000 they expect to get a whole luxury bungalow.”

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CFA Level 1 - What are Shenanigans?

Financial shenanigans are actions or omissions (tricks) intended to hide or distort the real financial performance or financial condition of an entity. They range from minor deceptions to more serious misapplications of accounting principles.

Methods of Inflating or Deflating Income

2.Recording fictional revenues, such as:
- Recording sales for no reason
- Misclassifying income from investments as revenue
- Recording the cash received from a lending transaction as revenues
- Recording supplier rebates as revenues

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10 ulasan:

  1. JasaSabtu, November 19, 2011 10:56:00 PG

    Betulkah unit condominium ini mampu membawa keuntungan sebanyak ini kepada NFC?

    BalasPadam
  2. JasaSabtu, November 19, 2011 10:57:00 PG

    Harap perkara yang sebenar akan didedahkan selepas ini, kita tunggulah penyiasatan lanjut daripada SPRM.

    BalasPadam
  3. kiliSabtu, November 19, 2011 12:02:00 PTG

    harap siasatan selesai segera dan hal sebenar diketahui.

    BalasPadam
  4. pojiIsnin, November 21, 2011 10:23:00 PG

    tunggu sehingga siasatan selesai untuk mengetahui semuanya.

    BalasPadam
  5. villagerIsnin, November 21, 2011 1:30:00 PTG

    bukankah melabur dalam nilai hartanah merupakan tindakan yang bijak?.. malah sewa itu akan dikreditkan kedalam kumpulan NFC dan kondo itu juga atas nama syarikat bukannya hak milik persendirian..

    BalasPadam
  6. villagerIsnin, November 21, 2011 1:31:00 PTG

    sudah banyak penjelasan yang dibuat tapi masih ada pihak yang cuba memutarbelitkan fakta..

    BalasPadam
  7. YaulingIsnin, November 21, 2011 1:54:00 PTG

    Isu NFC semakin rumit. SPRM perlu membuat siasata segera mengenai dakwaan ini. Jika itu cuma fitnah dari pembangkang maka layak untuk mereka itu dikenakan saman.

    BalasPadam
  8. shanaIsnin, November 21, 2011 4:25:00 PTG

    sampai Sharizat sendiri disuruh untuk meletak jawatan oleh menteri di kabinet berhubung kes NFC ni.

    BalasPadam
  9. shanaIsnin, November 21, 2011 4:27:00 PTG

    isu ini cuma ingin memberi imej negatif kepada kerajaan.

    BalasPadam
  10. calleighSelasa, November 22, 2011 10:44:00 PG

    Politic..a game with fully tricks.

    BalasPadam

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