CONFIDENTIAL

BM/APR 2011/FIN262/260/242

UNIVERSITI TEKNOLOGI MARA FINAL EXAMINATION

COURSE COURSE CODE EXAMINATION TIME

FUNDAMENTALS OF FINANCE FIN262/260/242 APRIL 2011 3 HOURS

INSTRUCTIONS TO CANDIDATES 1. This question paper consists of two (2) parts : PART A (2 Questions) PART B (5 Questions)

2.

Answer ALL questions in PART A and any three (3) questions in PART B in the Answer Booklet. Start each answer on a new page. Do not bring any material into the examination room unless permission is given by the invigilator. Please check to make sure that this examination pack consists of: i) ii) Hi) the Question Paper an Answer Booklet - provided by the Faculty a f o u r - page Appendices

3.

4.

DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO This examination paper consists of 7 printed pages
Hak Cipta Universiti Teknologi MARA CONFIDENTIAL

CONFIDENTIAL PART A

BM/APR 2011/FIN262/260/242

QUESTION 1 Lexus Company is applying for a loan from NBB Bank to finance its project. As a financial manager of the bank, you are required to evaluate the company's financial performance in comparison with the industry. The following information is given for the analysis. LEXUS COMPANY BALANCE SHEET AS AT 31 st DECEMBER 2010 RM 30,000 600,000 830,000 400,000 2,140,000 RM 460,000 270,000 150,000 200,000 1,000,000 80,000 240,000 1,600,000

Cash Marketable securities Account receivables Inventories Net plant & equipment

Account payables Notes payable Accruals Other current liabilities Long term debt Common stock Paid in capital Retained earnings

Total Assets

4.000.000

Total Liabilities & Equities 4.000.000

LEXUS COMPANY INCOME STATEMENT FOR THE YEAR ENDED 31 st DECEMBER 2010 RM 8,000,000 3.600.000 4,400,000 3,700.000 700,000

Sales (100% Credit) Less: Cost of goods sold Gross profit Less: Operating expenses Earnings before interest & taxes Less: Interest expenses Earnings before taxes Less: Taxes Earnings after taxes

120.000 580,000 140.000 440.000

INDUSTRY AVERAGE RATIOS Current ratio Acid test ratio Debt ratio Times interest earned 2 times 1.8 times 55% 5.8 times Average collection period (based on 360 days) Inventory turnover Net profit margin Return on assets 40 days 7 times 6.5 times 19%

Hak Cipta Universiti Teknologi MARA

CONFIDENTIAL

CONFIDENTIAL

BWI/APR 2011/FIN262/260/242

Based on the above financial statements: a) Calculate the indicated ratios for Lexus Company. (12 marks) b) Evaluate the overall performance of the company according to liquidity, activity, profitability and leverage ratios. (8 marks) QUESTION 2 a) Jati Corporation is evaluating two mutually exclusive projects. Below is the after-tax cash flows for both projects. EAR 0 1 2 3 4 5 i) PROJECT C (RM) (500,000) 50,000 150,000 250,000 200,000 100,000 PROJECT D (RM) (480,000) 132,000 132,000 132,000 132,000 132,000

Calculate the payback period for each project. (4 marks)

ii) Calculate the net present value of each project at 10% annual rate of return. (6 marks) iii) Calculate the internal rate of return for project C. Do interpolation. (4 marks) iv) Which project would be selected? Why? (2 marks) b) Differentiate between mutually exclusive project and independent project. (4 marks)

Hak Cipta Universiti Teknologi MARA

CONFIDENTIAL

CONFIDENTIAL PARTB

BM/APR 2011/FIN262/260/242

QUESTION 1 a) Suzika expects to receive RM3.500 annually at the end of the next three years. She will deposit these payments into an account, which pays 10% compounded semi-annually. What is the cumulative value of this deposit at the third year? (4 marks) b) Mirna borrows from you RM67,000 now and promises to pay RM183,229 in the future with an interest rate of 9% annually. How long will it take for her to fulfill the promise? (3 marks) c) Using the following information, prepare a pro-forma income statement for the year ending 2011 for Sinar Corporation. 2010 RM1,000,000 N/A 40% 25% 6 times 30% 0.40 (13 marks) QUESTION 2 a) Smart Corporation has to raise RM5,000,000 for its 5-year budget. The corporation has the following three (3) financial sources to be considered: Source I Issue preferred shares that pays 10% dividend on par value of RM100. The current market price of the preferred share is RM75 per share and its floatation cost is at 5% of the par value. Source II Issue bonds that pay 8% interest and mature in ten years. The corporation is planning to sell the bonds at 5% discount. The underwriting fee is 3% of the selling price. The current tax rate is 40%. Source III Issue common shares at RM40. The corporation has just paid RM1.75 per share dividend and the dividend is expected to grow at a constant rate of 6% indefinitely. Floatation cost is 2.5% of the selling price. 2011 N/A Increase by 15% of 2008 actual sales

Sales: Actual Projected Gross profit Operating profit margin Times interest earned Tax rate Dividend payout ratio

Hak Cipta Universiti Teknologi MARA

CONFIDENTIAL

CONFIDENTIAL Calculate: i) The after-tax cost of debt

BM/APR 2011/FIN262/260/242

(5 marks)

ii) The after-tax cost of common shares

(4 marks)

iii) The after-tax cost of preferred shares

(3 marks)

iv) Which one is the best source of financing? Why?

(2 marks)

b) Write short notes on the following: (2 marks)

i)

Negotiable Certificate of Deposits (NCDs)

ii) Liquidity risk

(2 marks)

iii) Yield to maturity QUESTION 3

(2 marks)

XYZ Sdn Bhd is estimating its cash requirement for the third quarter of year 2011. The company's projected sales are as follows: Months March April May June July August September October Sales (RM) 170,000 160,000 140,000 180,000 200,000 220,000 195,000 180,000

i)

Cash sales are 10% of the current month's sales, while 90% of them were sold on credit. 60% of the month's credit sales are paid in the month following the sale, while 30% of it are paid in the second month following the sale. Another 10% is bad debt.

ii) Purchases are 50% of sales and were made one month before sales. iii) Payments on accounts are on 30% of current month's purchases plus 70% of the previous month's purchases. CONFIDENTIAL

Hak Cipta Universiti Teknologi MARA

CONFIDENTIAL

BM/APR 2011/FIN262/260/242

iv) Wages and salaries amounting to 10% of the preceeding month's sales. v) An 8% semi-annually interest payment on RM100,000 notes payable is to be paid in July 2011. vi) The company plans to pay RM6.500 in cash for a brand new computer in August. vii) A quarterly dividend of RM10,000 will be paid to ABC Corporation in March, June, September and December. viii)The firm's ending balance for June 30, 2011 is RM56,000 and the minimum balance the firm wishes to have for every month is RM25,000. Prepare a cash budget for XYZ Sdn Bhd for the third quarter of year 2011. (20 marks) QUESTION 4 a) Shazlan wants to buy RM850.000 commercial paper. Bank EDC agrees to sell the commercial papers that mature in 180 days at an interest rate of 9% annually. The bank charges a total placement fees of RM30,000. Calculate the effective interest rate. (3 marks) b) Sweet Inc. needs to raise RM500,000 in short term loan for six months. The company has a line of credit of RM800,000 with 2.5% commitment fees on the unused fund, and a 9% stated interest rate. A compensating balance of RM40,000 is to be kept in its checking account. Sweet Inc. has RM28,000 checking account balance that can be used to meet part of the compensating balance requirement. What is the effective interest rate? (5 marks) c) PTC Superstore is trying to determine whether or not to take a cash discount from XYY supplier. The supplier offer terms of 3/10, net 60. The manager of PTC Superstore also had an options to get a bank loan of RM175,000 for 6 months at 10% interest rate, on a discount basis, with a 10% compensating balance requirement. i) Compute the effective interest rate on the loan. (4 marks) ii) Compute the cost of not taking the discount. (2 marks) iii) Which one should the manager choose? Why? (Use 360-day). (2 marks) d) Differentiate between effective interest rate and nominal interest rate. (4 marks)

Hak Cipta Universiti Teknologi MARA

CONFIDENTIAL

CONFIDENTIAL QUESTION 5

BM/APR 2011/FIN262/260/242

a) Zen Company has inventory of 90 days, average collection period of 40 days and average payment period of 30 days. i) What is the length of the firm's cash cycle? (3 marks) ii) If the company's annual sales are RM2.5 million and 80% of the firm's sales are on credit. Calculate the company's account receivables. (3 marks) b) Ting Enterprise has estimated that it requires 25,000 units of teddy bears as its inventory for the year 2011. One unit of teddy bear will be purchased at RM7.50. The supplier will deliver the order 14 days after it has been placed. Costs per order are estimated at RM125 and carrying cost will be 15% of the purchase price. Usually the company carries 2,000 units of safety stock. The company works 360-day per year. i) Determine the optimal EOQ. Orders must be placed in 100 units. (4 marks) ii) How many orders will be placed annually? (2 marks) iii) What is the average inventory? (2 marks) iv) What is the reorder point? (2 marks) v) What are the company's total inventory costs for the year? (4 marks)

END OF QUESTION PAPER

Hak Cipta Universiti Teknologi MARA

CONFIDENTIAL

CONFIDENTIAL

APPENDIX 1

BM/APR 2011/FIN262/260/242

in CO CM

O)

CO CO

<> 3
CM

c o
CO

CO CO

CM

00 CM CO CM

CO CO

-* <
o >
T-

CM

&

o
CO ,

CD
T-

c n
CM

h -

d T

'
CO

r ^ T T - _

c b

o in
CO
T-

CM

to"

CO

* ~
o in
CO CO

i n o o T
en
CO

e n
CM CO

r( O ( D

r* ,
CM CM

CM

in

o
CM CM

I-CM

S
CM

N-

^ in -

r*
00

e n

*
o
cn

1 T~
00 CM

c o T
N00 lO

O) O

3 CO

o
CO

" a> t
CO in

~
o o
CM CO CM

CO

CM CO

o
CM

3 CM
CM

c o

T
m "r f o o CO T o
O)

ii r
* "

s
T

CO

~
d
CM CO CO CM

m d o> Tj"
CO

CO

CO
T-

i e n n

Si

CO CM r-

* "
< o
CO

m CM
CO

^
CM CM

W CO CO

% S
* "

" ~
CO
* " "

s CM
CO CM CM

! in * hCM O
<t

~ T ~ - r.
m
00 CO
*

CM

". q *
a>
CO CM

CO

r q r ^
CD CO

, _

* ~

CO CM CM

s CO
t o
CM

in

e n
CM CO

' *
CO CO

o C M

00

CO

*
CM * CO

CO CM

m
CM

CO in C)

o
o cn
CO

T-

CO c t m in n o CO ^ m r CO

CM

(6

*i

CM
* "

CM O

r CM

r*
O)

^
CO CO

^ ~
O) 00

CM

CO

q i n ^ m f

s CO
N-

^ .
in CO

CD CM O
T-

Tt-

o >

* ~

CD CM

^ f t o c n
CO

CO

m m

to
CO in CM

< * ^ ~
?
TJ
CO rCD

r CO 00 00

CO

h-

c o
rO) CO

^ r
h-

CM

CM

CO

c o T- m J t r c o - n e n
CO CO CO CO 1^ CM

CO
T-

, ^ _ 3
t.
t*~

r-o> o

m
00

o
CO CO O) CM CO CO

S i
**_

o
CM
* "

CM

o
CM CO CO

CM CO CO

o>
CM 'f O)

c n
CO

CO h-

* * ~ "
o

m CO
m

O) CO

CO

^ r

d ,
m

" *
e n
* '

t o
CM CM CO CM

q
-

CM

CM CO

CO

r CM

~
h *

c n

s m
o
CO CO

en
CO

o o
O)

^r
CO CO in in

00 CM

00 CM

o t -t > o
00 CM CO

t o

TT
CM CM

^ f
CM CO

+
'
II

<
*

00
T-

s
lO
* "

e n
* "

* ~
o > o tD

S * i * CO
CM CO
t

^ t

q
CO

r x f

00 CO CO CO in O) CO CM CO "J-

c c n n t o m t o
CM in CO CM CM CO CM h-

CO

CO

o
t^

CM CO

CO 00
T-

CD

s
*

o
00

c" o

CO CM

*f t
CM

^
CM CM CM

co
O) O) CO

c
LL

* * " " "

e g

( m O

o
CO

* *
*

s
O)

o
CM

CO CM hCM

CO

Oi

<f

to

m
00 CM CO CO

CN CO
-

c o
00

in in

CO CO CM CO

e , , n ~ ~ e CM m n
CO CO CO CM

CM

^
^

^ _
r. ^_

r CM CM CM CD

^ _
CO CO

ci r

' " "

CM

c o c o
CO

c o
*

s
CO

00

c o
CO CO

e hcn
in CM

m
in

m m o
CM

CO CO

r-co
CO in

o
CD CO

cri

d
CO h-

d
CM

to CM

> |I,,

d m
CM

en

o o 1^

in CM

CO CM

, _ hCO
^f

*
CO

r -

r -

r MCM CO CM

E o o
o o
T-

3 O a

1
y 0)

CM

s
*

m o

c r o 00 <* O)

^ ^ _ & r- , _
CM CM CO CM
*

r -

00 CO

CO

^ f
CO in
< *

-* < m
Ti-

CO CD

t o

CO CO

e n

s
-

o
m
e n

e rn ^ CM c o
h-

O
r h-

CO

CO CO

c o
h-

i W n o
*

m m

r r t c h o o T-

CO

O) CO

CO O

S
* CO CO

"r f

* "

* CO
CO

_ 8 ,
O
CM

t o
CO CO

*
e n

o
CO CM CO

CO O)

o >
T-

" *
CM

CO

00

"r f
in CO CO

e n
O) CO

CM

i n CM
CD CO CM O) ^J
1

CO CM CM

o CO
t o
CM CO

s CO s
CO CM CM CO

o e n CO

CO

ht

3 O
CD

"r f

m
h-

m o
CO
-

t o
CO

t o CO
in

CM h-

O) hCM

CO in

s
Tf

# < o

S
O

hCM

CO

-t m
(O NCO

o m

e o n

o o CO
e n r c o CO

* CM in CM

m CM
in CM CM

o > CM
in CO in CM

*
CO CM CM

h-

c o
CO CO in CO * -

c o

" *
CO CO

o t t m o
t o o

00

s CD
1^ O

CO CD

CM

S
tt

c S r o -

CM CO

CM

CO

o e n
CM

NCO CO

" *
m
00 CO CO

CM

*r f CM
O) CM

m e n CM
^J

hin * *

3
o u m u.
(0
*d

* h" * * TJ- *
CO CO CD CO 00 CO

t o f-

CM

e n
CM CM CO CM

^ o < o
= o S
in

CM

*- m J

m
CO

CO CO

O CM

^ ~
CM CO CO CO

i n CM

CD CM

s
CO CM
*

^ _
o CO
CM CO CO CO in CD CM

o ^r

CM
t

s ? hm

^ _

s hh-

CO

CM

CM

r r - c r- ' o t *
CO in CO CM

^ _
e n
in CO

o >
00 CM CO

o >
O)

r i n

l -

e CM n o
hO) CO

CM

O CM e n CM CM
O)

CM CO

in CM CO CO CM in CO in

f> CM
CO CO CM CO CO

c CO n o
CM

CM CO CO CM CO CM

CO CO 00 CM 00 CM

CO Tf

t n m

O h-

~ ^ ~

CO CO CO

CM CO

c
<x>
3 (0

^
*

<0 CM

_ T
CO in 00

rh-

s
CO CM

m CM
CM

, _
CM

e n
CD CO CM

h-

s ^ r CM
CO

CO CM CO CO CM

^ _ CO

o
CO

s CO
CM

o o m r ^
hto

^ _
^f

* o m.
A d r M

in

o >

o > o > CM
CM

CO CO CO CM

01

CM
*

c o
CM CO in in

^ r
CM

, _

00 CO

< *
t o
CM CM in

CO fCM
^

, _ t o
CD

e o n
CM CO

e n
CO CO CO
t

CD CO in

re n
e n CO r* m

t CM

>
3 + 3 U.
o o
O

, _ -f
o

h-

T-

o
CM

e n
CO

CO CM

e n
CO

CM CO

CO

e r o n -

t o
*

"f t 00

t o
O

e o n
CD CO CO CM O) CO 00
*

t o o
CM CD CO CM CO

^ _
r

hO

, _
00

^
1-

o
o> o

s
<t

" * ^ _

s
CM CM
' ^

s
r ^ - t
CM CM

e n t o

CM

CM

3
CM CM CM

f-

r c o
CO

CM

c r o <

re

, -

CM

CO

^,

CO

r -

CO

CM

CO

CO

h-

CO

c n

O CM

CM

CO CM

S i

m
CM

o
CO

m
CO

o to

i Hak Cipta Universiti Teknologi MARA

CONFIDENTIAL

CONFIDENTIAL

APPENDIX 2

BM/APR 2011/FIN262/260/242

o
CO

o o o q

o o o
CO CM

o o o>
CD

o
CO CD CO <*

CO

m rCM

CO CO

in

co m 00
CO CM

in o
CN CO

CD

to
CM

m o
-

rCN CO

m
CM CD

5)
CN

CO CN CO CD CN

co'

CD

cd m
CO

o m"
CO CN

CM

in
CO

O)
CO CO

CM CM

CO

tn
CO CO CO

o
CO

d
CO CO

o> o 10
CO

d CN CO CO LO CO CO CD

to o

o
CO

CO CO

o d
CO

CO CM CM CO

CO

s
CN CO CO

-*
cn
CO

cn
CO

o CM

ts o I OJ IO to
CO

co

00
CM CO h -

Si

CO CM

o o o q

o o
CO CM CM

CD CO CO CO

w o
CD

o> o> O) CD CO

CD CO CM

s
m
CO CO

CO CD CM CM

CO CO CO

CO CD

o>
CO

IO
CO
^ '

to

o
CO CO CO

CO h -

m
CM

CM CO

CM

to
CO CO

a>
CN

d m

iri
CD

ai o

o o
CM CO

CO

5
m
CO CD

co'
CO CM

d o
CO

tri
CO CO

Tf d Tt o

CM CO CO

00 IO o
CM

o
CN

CO OJ to

55
CO

s
t-

CD CM

o o o q

o o
CO CM CM

CD fCO CO

* -

9
CO

in
CM CO CD

00 CD CO 00

5
in o
CO

TT

m tri

00 00 m d
CM

s
to
CN CN

SE S
CO

CO

CO CO

o IO

r-

r-

in
CO

CD CN

CO CO

CO

o> in
CM CN

CO CO CD

CO CO

CO CM

to 00
CM CM CO CO

tD
CO CO CM

CO CN

Tf co o Tf

IS
in
CO CO

a> to
CO

in
o to
CM

r^
CO CO

oi
00
CO

CD

o
CO

Tf O)
CO

in
CM

O) fOJ
CO

5 it
o

Tf
CM

o o o q

CD

o
TT
CM CM

!"fCO

*<*
00 o
CO

to
CO

CO CM CO

iri
CM CM

O) d

q
CM CO

CO CO CM

to d
CO

CM CO

in
CM
h--

O)
CO

CO

o
CD CO

<*
o

d TT CM CO CD to
CO

d IO

i
to

d o

in

iri
OJ

1
m
CM

o
CO

CD Til-" r-co tn
CO

to o cri
CD

CO CD CM CO

to TlCO CM

cn o
CO

O)
CO

o> d Tf
CO CM

CM

d m hrto

CO CM I*CN CM

5
CO

IO
CO

CO CD

CM CM

o o o q

o o
CM CM CM

Tf
CO O fCO

CD CO CO

CM

m in o
CO CO CO

r-

3
d
CD CD CM CD CD

s
CO CD O)
CM

CM CO

o
CD CN CM

rin
CO CO CM

co

3
CO

iri
IO

o o oi
CD

CM CO

CO CO

CM

iri
CO

o d
CM

<*
CO

cn tn r^ to
CM

3
ID m
CO CO

m
CM CO CO CM CO CN

0)

ai
CM CO

CD 00 IO
CO

12
CM CO

to
CD 1^

d m
CD

to

CO CO

co cn
CN

IO
CM

to

S
CO CO

to
CO CM CD CM CO

s
C0 Tf to r-

O CM

o o o q

o o o
CM CM

o o

CD

s
CO CM

CD CO <* CD

CO CO

CD

m
CO

o in
CM CO

to m
CO CO

to
CO

O) CO
CD

o
CM CO

IS
m

iO Ttm
CM CM

d CN CD 00 o
CO

in
CM

iri o

O) to CD 00

o in
CM CM

q
CM

TT
CM

CO CO

q 00

CO CO

cn
CO

cn
CO

cn
CN

TJ-

s
CM CO

5
CM

CO

o o o q

o
CO CM

w
CO

in to
CD CD

s 3
co
CD

O CM

CM

Tf
CM

CM CO

CN

m m cb
CN

CO

CO CO

m
CO CM

8
o tn
CO

m
CD CO

CM CM

CO CO CO CM

CO CO

o
CO

5
CO

to

CO

d m
CN CO

d to o
CO

CO CM

CO CD CO

CM O

CO CD O CN

o> Tj"

O) TT

o
CD CM

m
CO CD CO

CO CO CM

3
CM O

oi
CO CM

d
CO

Tf co
CM

to TT

tO

o o o q

o o CD CM

CD

to o m
CO

12
OJ

o IO

5
O CO CO CO CN

Tf

CO

CM CO CN

CO CO

CD CO N-

IO
CM CO

CO

(D

5
CO

CO

00
CO CO

CO

o
CO CO CO

to

00 in m
CO

iri
CM

d
CO

tb
CO

s?
CO

in
CM CO

d
CD

iri

O)
CO CN

s
o

CO CO

oi
CM

co d to m
CO

CO

to
CO

CO

d
CM

d to
CO CM

Tf o

in

Tt-

o o o q

O O TT CM

CO

o>
CO

o
CN

m
CO

TT
CO

cn

CO CO

m
CO

co'

o to

CO CO CD

s
CO CN

CO CO CM

o
CO CO

CO

o
CM CO

m
CO

s
CO

CO

to
CO CO I--

m
CN

q
CO

3
d
CM

o
CO

to to
CO

CO CO

si
<2
CM

s?
o
CO CM N* CO

d m
CO

CO

00
CO

00 CO

IO

to m
CO

in

m to o> to to to
CO

o
CM

Tf co

m TT CO O)

in
CO

m
CO

a c
3

Q>

CM

O o o q

O o
CM CM

5
rco
CO

CO

CO CM

CM

h -

m
CO CD

m
CO

CD CO

o o
CO CM

CD

CD

Tj* o

o d

S
cn m CO
CO CD

m IO
CO

CO CM

d
CN

q co'
CM

CO CO CM CO

m
CM

CO CO CO

o m hto

tri

1
CO CD CO

CM

in o
CN

cn cn to
CO

CO o

o
CD

to 00

tn
CM CO

s
CO

CO CO CO CO

CO CO

CD

TIT
CM

o r--' CD 1^. OJ m
CM

o d o
TT CN

tp

o E o o
Q.

o o o q

O O O CM

o o
CO

to'

i
TT CO m

in o
CO

to m
h-*

CM h-

CO CO

00
TT

m
CO

CO

CO CO CM

CO CM

m O) CN

CM

o m
CO

IO m d
"3-

CO CO

to
CM

CM

IO

m IO
CO

o o
CO

CO O

iri

iri
CO CO

oi

4
o
CO

s
oi
CM CO

IO o
CO

tn TT 00 00 o cn
h CD

CD

CM

CO

00

TT CO CO en

q Tf to
CM

co'
CO

3
CO CO CO

s
o
CO CO

o o o q

O O CD O CM

CO hCM CO

Tf
CO

CO CO CM

s
o
CM CD CO CM CM CD CO

CO CN

o> in
CD CD CD CO

CN o CO

CO CO

to to

CO

O) o to
CM

CO

IO
CO CM CM

to
CO

to

to CO

ai
CM

o o to
CO

CD

to
CO

o CD Tito

in to to m
CO CM

CO

00
CM

in

o rCO

CO

to
CO

tri
CM

h-i
CO CO

in
CM CD h-

to

ai
CO CO CO CO

o tri
CO

re 3 C

I
CM CO

CO

o o o q

o
CO

s
Si
CO

CD

o
CM

c < o p S
-5

o m Tl* en CD CO T* Tj*
CO

o> to
CO CO

r-co
CO

00 00 CN

00

m
CO

m
CM

CM

o
CO

m
CN CM

in

d
CM CO

12
CO CO

o m
CO

lO

m
TT

lO

d m m
CD CO

iri
to to

d to
CO CO

s
CO CO CO

to o co" I-cn TT CM CO CD m
CD CO

CO CM CO

CM CO CM

to o ai m
CM

rcb
lO

m
CM

o o o q

O O

r*o
CM

0) Tf
CM CO

o m r-tri

CO CO

o
CO CM

CO O)

CD 00 CO
CO lO

s
CD CO CO CO

CO CO CO

5
d
CN CN CO CO CO

o m m
CM CN

CO CM

CO CO CO
h-* CM

o
"JCO

iri
CM

d
CO

CO CO CO CO CO

CO h -

co
N-' CO

to cn
CO

-<*
to
CO

3
CO

o o oi

co' in

to TT

IO to 00 d m
CM

-^
CO CO

co' CO

Tf to

CO

CM

cri
O) CD Tf IO

IO to o

to
CO CO

o o o q

o o
CO

CO CO CO CO

CO CO CO

o
CM

s
CO

m rCD

co
CO CO

IO r<n
CO CD

CO

CO CO

CM

iri
CD

co o 1

o co to

m q
CM

CO

CO

CO CM CO CM

rCN CO CM OJ to
CM

rto

to o
CO

o
CD f -

CN

iri
CM

d
CO

cb
CO

to
CO

cn cn a>
CO

cn
CO

CD CO CO

m o

CO TT

CO

to'

to TT o
CO

s
CO CO ^t

co d cn
CM

cb
CO

in

10

o o o q

o o in o
CM

W CM

CD

o
CO

m
CN

in
CO

o
CO CD

o CN Tf" CO CO CO CD CO

CO CO

Tf m
CD

in in
CO CD

s
CO

CN q

o
lO CM CM

CO

co iri to

CD CO

m
CO CO CM

o
CO

CM CO CO CM

CO CO

m
CO

iri
CN

in d
CO

to to o
CO CO

cn
iri
CO

in o in
CO CO

o IO

o
CM CO

o
CO

IO
CO

CO

CM

in
CO

5CO CD

3
CO CO

Tf
CO

tD
CD

d
CO

d
CM

oi o
CM

m
CO

w
c

2
0)

T-

o o o q

o o o
CM

CD CM CO

o
CO CO CD CD

CO CO

CN

iri
CO CO

m d

to o o
CM*

CD CO CO

s
01

CM CO

CN CD CN CO

in
CM

o d
CM

CM CO CM

CO CO CD CO CM

s
in
CN

CO CD

cn to
CO CO

00
TT
CO

m
CO

CM

to
CM

ai
CN CM

CO CO

o oi
CO

5
O) m
CD CO

o to in m m

to
CO CO

o iri
OJ

to
CM

cn OJ CO CM in o cb to

IO

O 3 re > 3 U.

CO

o o o q

o o
CO

o
CO

CO

o
CM

o
CO

00 Tf CD
CM

o
CO

iri

TjCO CD TT CO

IO
CN CD CO

CO CN CO CO CO

CO

TlCO

CO

CO

m d CO fr to CD in o to
CD

o
CO CM

CD CO

CO CO

CD

m d
CM

CN CD

o co co'

CD f-

CO

to
CO

co
CO CM

m"

iri
CM

CM

CM

CD CM

co in d CO O) CO CN
CM

in *r
CM CO

to CM TT n"
CO

CM CO

o
iri r-CM

o
CO CN

Tf d to

CM

o o o q

o
CM O CM

^o
CO

CO

o
CO*

s
CM

CO o
CO CD

o
CO CO

o
CD CM

s
in
CO CM

in
CO

5
CO

CO

to

CO

"*'

CO CO CN

iri

CO CO CD CO

CN

CN

o d
CN CM

5
CO CN CN

CD CM CM

CO CO

in TtCO CO CM

CM CM

o
CO

CO CD

CO lO

r-. iri
CM CO CO CN CO CM

Tf d
CO

o
CM CO

in o
CO

m d TT in CO hTT CO

CO CO

oi o

d
CD CO

CN m o Tf

fJ
0)

S
o 'C co a

o o o q

O O O CN

s
CD

o o
iri

o
CM

CM

CO

in
CD

m
CO CM

o
CO

CO CD CO

00

co'

to Tf d

to iq CM

o
CO CO

CO

m
CM

m
CO CO

O) o
CM CM

CM

CD

o to

5
CO

r-

TJ-

oi

d
CM

si
CN CM

riri
CM

co CO CN

CO h-

CO

Si
CO CM

to to

CD CO CO

CO CD

co'
CO

3 re I-

CM

CO

Tf

IO

CD

r-

00

CD

CM

CO

CD

r-

CO

a>

O CM

CM

CO CN

TT CM

m
CM

o
CO

to
CO

o m

o
CD

) Hak Cipta Universiti Teknologi M A R A

CONFIDENTIAL

CONFIDENTIAL

APPENDIX 3

BM/APR 2011/FIN262/260/242

s?

8
ss

CM CO (O Is-

rCD

d
CO CO Is-

m d
< *

CM LO LO Tt

,_ o
to
CO

CO CD CD CM

CM Is-

CM

-siCD to r-

CO CM CM

3
CO

LO CM Is-

CO

d
CO CO Is-

d
LO CM IsCO

d o
CD CM

d
"s f t I CM CM

d
CD IsIs-

d
CO CO CO r-

d
< *

d
Is**

m o d
to CM CD CD O

CD CM

o o

^t o d
IsLO O

CO CO

s
CM O

to CD

o o d

LO

CD

co o o d

CO

CO CD

d
CD CO O

o d
Is-

d
o o
IO

8
d
o o d
TtCM CM CO

m o o d

CO

s d
o
CO LO

CO

o o

Tf CM

CO

"*
o o d

-fr

o o d

o o

d
IsCM

o o o d
CD

^ _ o
o o

d
CM

o o o o d

o o o o

d
o o o o

o o o o d o o o o d o o o o

o
CO

CO

k
ss

"fr

d
Is-

d
CD CD CM (0

d
CD CD CD

d
CO CD CD CO

d
CD *tf CO

d
CO CO

^ d
CO CO CD
v "

d
t h-

o d
CD ^f CM

CO

s
o

d
CM CD CO O

d
Is00 Is-

d
L0 CM CD O

-*
CD O)

^r
CM

CO CD

CO

CM Is-

d
CO CD CO

o d
CM CO

d
CO

d
IsCD

d
CD to

o o d
CO CD

o o

^. 3 o
o d o d
CM CD

o o

CM

o o

d
00 Is-

d
CD CO

o o o d o o o

o o o d
CO

,_ o
o o

d
o o o o d o o o o

& ^

co CD r-

d
in CD

d
<t

** d
LO MCM LO

d
o
CO CM
*

*
CM

tn

^r

d
CO CM CM

d
CD CO Isv -

d
CO

d
"t
i

o d
CO CO

d
I s

s
d o
CO

o d
CM CO

o d

CM O

d
o
CM CO O

o d
CO LO CM

d
CO

o d
00 CD

o o d
LO CO

o o d
CO

o o d
CO 00

CD TT

,_
CO

o o d

o o d

o o

o o o

,_ o
o o

d
CD
T f

d
CD

d
in

d
CM

d
o o o o d o o o o d o o o o

CO

d
Is-

o m to d co
Is-

,_

d
Is-

i
d o o

rts o I CM

d
CO CO

d
CD CO *<fr CM

d
CO CO

1
d o s
I CO

CD

en o

d
CD CO CO

d
CM CM

m o d o

Is-

^
o d
00

hCO CO

d
Is-

d
to

o d o

o o d

CM

o d
CO CM CM

d
Is00

o o d

,_
Is-

o o d
CD CM

o o

IsLO

d
CO

o o d

o o

d
CD to

o o d to o o d
CM

o o o

d
CO

o o o d

d
o o o o

s
se

co
CO

"*
LO
*

co

LO LO

d
CO CO CO CO

d
O) CD

d
hCO IsLO

d
CO CM CO T

t: CO d
CD

CO

CM

CM CO

a
Is-

d
O)

d
CO CM CO CM

* ~ d
CO CO CD

- d *d m
CD CD
TT

d
CM CM
T -

o d
LO CO CO

to o d
CO IsIs-

o m o d
CD

"fr CO

CD IsCM

s
o d
IsCM

d
t LO o d
CO

o d
LO

o d
CD Is-

o d
CO CO

o d

o d
CO

o o d

in CO

CM

o o

d
CD CM

o o d m o o

o o o d
Is-

o o d

* o

d m r-

d
CM CO Is-

d
CO CO

d
CO LO LO

s d
CO

,_
CD IsCM O CD CO CO

CO
T

d o

d
LO LO CM CM

d
CO CD
T -

d
CM h-

d
CO CD
T

o d
LO CO CD

*t CD o

^ _
CD CM

,_
LO

Is-

d
LO CO CO

"*
o d o o to o d
CM

co o

d
CO

d
CO

d
LO CD CO

o d
CO

d
CM CD CM

d
CM CM CM

o d
CO CO

d
o
CD

s
o d o s o o d
CD I -

o o d o

o o o d
CO

,_ o
o o d
CO

d
o o o o

^ -* |
CO

,_
IsT

(O

co

s
Is-

co

CD (D CM

_ T
CD
T -

co

d
CM CO C Is-

d
ro

d
CO CM LO LO

d
T -

d
CO CO to CO

d
o o
in CO

d o d m s o

d
I CD CM CM
s

d
t in CO

*d d
m
00 CO CM to 'St-

o d
CM in CM

o d
CD Is-

o o d o o d

Is-

o o d

LO

** "
o

o d
<r in

o o d

CO

CO

o d
CM CO CO

o d
CD CM CO

o d
"fr 00 CM

o d
LO <fr CM

o o d
in in

o o

o o o

d
CD CM O

d
CD O O O

d
o o o

1
ri?

,_
CM

to

CO

d
CM IsIs00

d
LO CD CD Is-

s
d
o
LO h-

CD Is-

s
TT

CO

to

d
CM CD LO

* <

CM

CO CD

d
CD LO LO 'tf

d
CD CD CD CO

d
CO

d
Is-

d
CD CD CO CM

d
CD Is-

d
CM 00

d
Is-

d
T -

o CO o d
00 Is-

^ ~
CD CD

to CD LO

CO

^ _

o d
CD

d
CO CM CO

o d
CO CM Is-

d
00 CO CD

o d o o d
CD CM CO

o d

o d
T -

o d
CO Is-

d
CD CD

o o d

o d
CO LO

d
T j -

*
II

<r o>
LO

d o>

co

LO CO

I CO

o>

CO CM

co
LO

CM

d
CM IsO) Is-

d
CO Is-

d
IO LO CO CO

d
Is-

d
CD CO

d
CO CM LO *r

d
CO CO

d
CD

d
o d m m
CM CM CO

d
LO Is00 CM

d
IsCD LO CM

d
CM CD CM CM

d
CO

-* <
d
IsCM 00

CD CM CM

o d
to

3 o
d
o o
CO

CD LO

,_
CD "fr

CM

co

o d

o d
Is-

d
CO CM CD

d
CO CO Is-

d
CD in to

co o

d
CO CO LO

o d

o o

d
CO CO

o o d

o o

s
o o d

d
u>
CO

^ & &
*

CM

^r
co

o>
CO

d
CD O

d
CO LO

d o
CO CO CD

m d
CD

o m

o
*

CD CO

d
IO

d
CM CO LO

d
in CD CD -<J-

d
^f CM ^r

d
to to CO

d
CD CO CO

d
IsCD CO CM

s d
CM CO CO CD CM

^
CO CD

d
CO IsCD

CD

co o

"*
CO CO

h-

d
to s
I CM

d
CD CO Is-

d
LO CO CD

d
CD CO

o d
in CO

o d
00 CM CM

o d
Is-

o d m o d
T j "

o d
CO CM CO

o d
CO IstO

o d
to LO CO

o o

^
o o

o o d

d
CO CO

>

s
CM CO

Q. 0)
O O

co

d
M-

d
Is<j-

rd
CM CM IsIs-

CM CD

d
t CO

d
CD CD

s d
LO CO

CO CO

-* o>
CO CM

,_
CM CM O

m o o d

CO

d
o s
I -

d
CO

d
Tf

d
*

d
in Is00 CO

d m m m

d
CM CD CM CO

d
CM CD CD CM

d
m

d
CO in CM

d
o
CM CM

d
LO

^ -

d
Is-

d
CM

d
CO Is-

d
o
to

o d
t

o d o

o o

d
CO CO

d
h-

r-. o>

CO

d
O) CM CO

d
CO hio CO

d
CO CO CD

o r-d o
LO CO Is-

to

s d
CD

CD LO

d
CM O CO CD

s d
in CO CO

o m

CD

d
CO

-*r d
CM

CM CM <f

CO

*
IsCM

^ _
CO CM

< *
CD

TT CO Is-

co o

CD

LO

co

CD CM

d
CM CO CD

d
CO CO CM Tf

d
IsIsCD CO

d m o

d
CM LO CO

d
CD CD CM

d
CO IsCM

d
CM

d
IsCM

d
LO

d
CO CO CO

d
CO Is-

d
IsIsLO

d o

m Iso d

CD

d
CD IsCO

3
o

d
o o d
to "3-

d
CO CM O

m o o d
CO CD

r-.

CO CD

d
CO

d
TJ-

d
CO CD CO

d
CD CM CD Is-

d
o
CO

d
CO CD CD CD

m d
IsCM CM CD

o TT m d o

o o m d
CD CO -<j-

,_
IsCD CO

** d
CO CO O LO

d o 3: '
*

d
o
LO
T j "

s d
CO Is00 CO

o m

CM

co

*
CM

Is00 CD

CD
T j -

*
CO CO

d
rf CM CD CO

d
Is00 CO CO

d
CD CD CO

d
CD

d
LO CO IsCM

d
^ f

d
LO

d
Isin CM CM

d
CD

d
IsCD

d
CM
' ^

o d t
CO

o o

d
Is-

d
CO CO CO

d
CO Is-

s d
CO

CO

rco d o o co

d
CD CD CO CO

d
v CM CO Is-

d
CO IsTf I s -;

CM CO LO

^ _ m
Is-

d
o o s
to I -

m d
CD CO LO

CD CM

CO

CM

-<t

o
CM

CM

CO

d
CO LO LO

d
CO CD CM LO

d
o s
I -

d
00 00 CO

d
CO CM

d
CO Is-

d
CD CO CO CO

d
CO

d
LO CO CO

d
00 CO

d
CM

d
LO IsIsCM

d
00

d o s
I -

d
o d
CO in CD CM CO CO CM

co o d
CD

CO CD CD

o d
CM Is-

o d
CO

d
o CO o d
in CO in CO

.P u u.
(0

s s d
t CM W

_ T LO
CD CD

^ rCM CO

-*
d

"*
p
d
CO CO

CO

co

d
o s
I O CD

d
CO CO CO CO

d
IsCM CM CO

d
in CO CO Is-

d
CM CD
*

d
Is-

d
CO CD Is(D

d
CD CD

d
hCO LO

* d
CO CO LO LO

^r d
CO

3
d

o d

5 d
o
CO
*

LO CO

d
CO LO
*

d
IsLO CD CO

d
CO CD Is-

s d
CM CD CO to CO

to

CM

d
00

d
CD

-* d
CM

-*
rd
-flCO CM

CO

T "

co o

d
CO CO

d
o
CM

s
o d
CM Is00

o
Is-

CO CO CO

co

Is-

^r
d
CD CO

_ T
LO

CO LO

d
io CO

d
CO

d o

d LO d
LO CO CO CO

d
CD CM CO

d
CO

d
CD CD LO Is-

d
Is-

d
(O CM O Is-

d
CD

d
CD

d
CO

o m d
LO IsIs-

to

CO sr

m m

d
CO LO

d
CD CO CO in

5- d d
CD CO CD Tf

co

d
00 00 CO t

s
d o
CM CM
< *

CM CO

o
CO

d
IsLO

d
CO CO

d
Is-

d
CO CO

-*)d
o
CO CO CM

o d
Is-

o d

c a> 3

o> d o> o ho> d

^ CM CD

CD CO CO

CO

CD Is-

CO Is-

m s

I (D

d
CO CM
^

d
CD CM CD CO

d
ts o I CO CO

d
CO

d
CO Is-

d
CD Is-

s d
CM CM Is-

-*
CM CD

o o d o

"*
CO LO

CD
<!

CD

LO

Is-

**
CD IO 'vt

d
t o
Is-

d
V

d
CD

d
CM CO CM

d o

^ ^ _ m_ o
co

TJ-

o d o

3
d

CO

to CM

d
CO IsLO

d
Is-

d
IO

d
CO CM LO

d
hCO

d
CD CD

d
ts o I IsTT

d
CD to

** <
d

,_ m
O)

o d
IsCO CD

*LO CD

^ 3 _
CO

s
d

CD

3
Is-

< *

CO CD

<D CD

LO

-*
Is00

d
CM CO CD

d
CO CM
<*

d
CO CO CM CD

d
IsLO

d o

d
CD O Is00

d
LO CO LO CO

d
CO

d
CO

d
LO CO CO Is-

d
o
CO IsIs-

d
CD IsLO Is-

i
d o
CO Tf Is-

to

o to

d
"fr
CO CM Is-

d
CM <t

m d
CM

d
*

co m m d o

r-co
in

CM

LO

'-t

d
CO CD LO CD

d
CO

d
CM

d
I CM CD
s

d
LO CD

5 d
CM in to

<t in LO CO

_ T 00
CM CM

CO

d
o o o

d
CD CM LO M-

d
LO Is-

d
00

n >
(0

^ o
o>
CO

d
o

d
CO

en

d
o

d o
CO CD

o a> d
in LO O)

CO CO CO

CO CD CO CO

CM CO

d
o
CM flCD

d
IsCM CO CD

d
LO CO CM CD

d
CO

d
CO LO

s d
CO CO CD CD CO

d
flIsCO

d
h00 Is00

d o o s d

d
CO CD CO

d
CO CM LO CO

r^ d 3

o o s

I -

CD CO CD

CO Is(D

d
o
CD CO CO

d
IsIsCM CO

d
in CD CO

d
"fr
CO

a>

^ _

CD CD

CO

CO CD

S n

d
CM

F*. d
CD CO

-*)CO
d
CD

CO

co

I 00

3: CO
^

s s d d -* s
to
CO

to

,_
CO

CO

LO

d
CD

d
CO CD s IsI -

d
CD in

d
IsIs-

co d o o d

s d
CO
-<*

CO

CD Is-

r-

00 Is-

CO CO

d
*r

d
LO

d
CO

d
Is-

d
CO

d
o

d
CM

d
CO

d
LO

d
CO

d
Is-

d
00

d
CD

d
CM

d
CM CM

d
CO CM

-*
Is-

o s

I -

d
o

d
LO CO

co d

o m m d

^r

o
CM

"*
CM

m
CM

o
LO

o
CD

CO

Hak Cipta Universiti Teknoiogi MARA

CONFIDENTIAL

CONFIDENTIAL

APPENDIX 4

BM/APR 2011/FIN262/260/242

CM

1d
>S

cn CD fCO

o> o (D
CO

^ _
to
CO

CM CO CO
T

CO

*~
CD CO

CM
~

to CO Tf
CM O CM CO LO CM

hCM

r-

N-

s
CM T

CM O CO CM

t CM

0> CM CO LO h-

o en o
CO CM TJ CO r-

LO

en o
CO

CO h<fr CO LO CO CO CO to CO

co o en
CO

* CO CO CO CO

CO CO CM CM CO CM

hCO Tf CM CO h00 LO TT

CM CO CD CM CO

CM CO CO CM CO to
CM O LO CO

CO Ti

en CM CO hhto CO LO O hr^ co

NCO O CO CO Tf

LO

o
CO CO

CO LO CO CO CO LO Tf LO CO CO CO o CO CO CO

CO

Tf

c n
CO CO Tf LO to
CO

CO CM CO CO CO LO LO

to CM
CO CO CM

CM hCM CO CO cn to LO
CO CM CO CO CO CO CM Tf Tf

to
CO CM CO CO

^ _ CM
CO CO CO CO

CM CO CO CO c ' C* o O
CO CO CO

CO CO CO CO CO Tf
LO

CO CO CO CO

d
Tf

1
^

CO

r- c , - n d T ~ ~ r- LD Tf *
CO O) hCO CM Tf CO CO LO Tf
* "

Tf CO to CO

o Tf CM
CM CM O CM CO CM CO

o>
LO

r CM
o
LO CO CO CM

o hco en
CM CO CO CO

e n
CO to CM CO

to

rCM Tf

o CO
ho
CM CO CM CM

s CO
CO

to LO CO

o
LO CO CM

cn
CM LO CO

cn
LO LO CO CO

CO hto to CO
CO LO

co
LO LO LO CO CO TT CM

co en Tjo> to
CO

Tt

to
CO CO CM CM CO CO

s s
CO CO Tf
1* --

e n CO to CO
Tf

CM o f- fto LO c ' CO o
CO

r ^ LO d d
CM

k
> s

CO CM

, _ LO
CO CM

en
CO CO

d
lO (D o CO

* '~ ~
c n
CM CM Tf O CM to to o
CM CO Tf

to

o c' o
CO CM CM CO LO LO
*

*
^ r CO
CO

to Tf CO

s
CO LO

en to o CO to
Tl-

to CM hCO CO o o

, _

CO O LO hCO CO CO CO

^ _ to
CO

LO CO O) r . hco CO cn cn ro
Tf

^ _ to
CO CO CM CM Tf

r* CM
CO CO

CM Tf CO

o to Tf
CO CO

CO LO Tf
CO CO

to Tf
CO

to Tf CO

d
to to to
Tf CM LO Tf LO

1
;

d r 0) CO

*" *

s Tf CM
to CO en Tf CM hco CO
LO CM

s T" l
hCM to CO to CO
CM

to o CM o
CO

e r. n ^
CO

-* <

to to to CO CO to CO co

to
CO CM CO CM

rrco

LO CO CO

en
CO CO CM TT

to to cn
CO CO

^ _ cn
LO

Tt CM LO CO

o Tf
hCD to
CO T* l CO

n"

hco cn o Tf LO

o
Tf CO o to

o o CO
Tf CM CO CO Tf Tf

, _ r^
CO

Tf Tf

* ~ o
CO Tf CO CO CO to
Tf

^ . cn J LO
Tf to Tf cn Tf LO
Tf LO CO Tf LO Tf

d r ^
to to
Tf Tf LO Tf

t <
LO CO cn Tf Tf

LO

&
k^ i

en Tf

d
CO CO CO CO

* ~
CO fCM LO

en to to CO LO LO CM CO CO CD hen

e n
CO CO CM

s
CO

N-

CO CO

en CO to CM

Tf hCM
* '

CO

h00 Tf

to
LO

TT

o CM
hCM CO to
*

s
CM Tf

o cn CO
Tf

Tl'
LO LO

TT CM CM CO Tf CM CO

1
Tf LO CO Tf CO
Tf CM

Tf Tf

r Tf Tf
CO cn CO
Tf

o ro LO Tf
hco cn Tf cn o LO
Tf LO

cn
CO LO Tf

s s
cn cn cn
Tf

t.

1
s?

d
to hTf CO

"

C* M CM

to O en o>

o o -r f o CO o CO
CO

CM

s to
CO LO CO CO

r* co CO
CO

^ n c r- CO n CM e TjCO
TT

t'
Ti en T
*

Tf CM CO cn rTf

to o to
TT

rco
Tf

en
CM

r Tt Tl CM CO LO LO CO

to TT rrTf CO CM CM CM LO hco Tf hto cn CM hco to to

to cn CO
CO Tf

o cn Tf
cn cn o Tf id
CO

LO Tf CM cn Tf CM CO

to
fTf

c n Tf
cn to ID Tf LO hcn o

cn CO fcn
Tf 00

en
O) Tf CO CO CO lO

to CO cn cn Tf CM CO

en cn cn cn
Tf CO LO LO LO

+
^^
T" 1

5
s ?

(D lO CO LO

rT-

^ _ o
en CO
CM CM CO

r* CM
CO

* "
CM

CM

^ CO ~ *
CO *?

to hNo
CO CO

o to to CO
Tf

M"

to en o en

^ _ CO
o o
LO LO h-

to

*
LO

* *
CO

a> o to
to to hLO LO CM CM Tl tO cn o
CO CO
T

r> CM
to
00

to CO in to rrco id

hCM LO CO LO CO 00 CM O) LO

CO LO

hco CO

Tf

ti r
CM

to to id CM hfd

^ _
to ti r
CO

ti r
CO

s s
LO LO CO CO CM

id
CM

^ ~ CM
(D CO

II

* ^

to O to

c LT < u. > Q. o c
3

d
CM

en LO Tf CM
CM (O CM CO CM CO

to

en hCM fco en
CM CO

hCM CO

* to
CO

CO

o Tf
CO CO CO CM
*

CO CO

s ^
en
CO CO

to o to 't
Tl

CM CO CO CO
*

to
CO CM

^ _ hcn
LO CO

G!

LO

* o to to
LO

s
LO Tf CM Tt CO LO LO CO CM M" to Tt CO

co Tl LO

to to
LO

h00 LO Tf

^ _ CO
hO) LO

CO

3 o
d

to CM ho
(D

to
CM

1d
2
d
j

rrCO
O)

ftD

, _
CO CO CO CO

s
*

' * ^
CO CO

hCO CO CO CO

rto
CM CM LO
t

to

" *
to r* co en
TT

CO Tf en *f t
CM CO CM CO

, _
CM

to
CM O LO

LO hhco en
LO

o o to
CM CO CM

LO CD CM

to
O Tf

rto Tf to rcn Tf CM r^
Tf

s to
m to
CO lO

CO CM

to to
Ti-

o h00 to to o CM to to h" N00 Tf CO

cn CM Tf f-

^ _
CM

d ^_ c n LO
CO CO

d o o f~ oh LO to fV-

d o LO o r^
CO CO Tf CM

to Tf CM

cn Tf
CM

d
hCM CO h* LO

cn r-

CM f 00

d
CD

d
Tf CO

d
CO Tf CO

r^ CM o o r^
CM to to o d O) CD CM Tf ai
Tf

, _ o
Tf h" -

^? CM en CO

o en to

o Tf
CM

rco o
CO

* * ^ "
T" t CO LO

o to

CO CO CO

to
Tf

"

to

to to
CO

cn to

^ ~
hco
CO

to to hto

r* cn t' o

c n
T-

h" to
CM

( ^
o>

e n to Tf r" to
CO LO CO

3 to
lO

, _ CO
Tf

h" -

r CM CO CO CO CO CM

h- CO h : f" hTf 00 CO

<a
CM

s
CO

Tf CM CO

d
CM NCD

^ _ O)
O)

o
(0

1d
^
CO

LO LO CO N;

e n
to CO
Tf CM CO CO LO CM

en en to
CO

^ r
CO to CO
-*'

en
Tt CO CO LO CO

Tf

a
3 C

a>

hen

~ _ T en
to

o en hc* o
h-

to CO "f t en
LO CO
> *

o en to t^ to
CM LO

1 to
r h *

, _ to
en Tf to
CM LO O CO CO

to

o h* cn to CO

<D CO

r ^
CM

hCO co o CM CO CO N ' h" ho to o

CO

o CM
CO CD LO LO h00

CO

s m
CO

to
CM CM cn CM

h^ Ncd Tf CM

cn to to o h-

o ffo ai
CO CM CM CO

n 3 c* to r
hto LO fLO rd
LO CM

CO Tf

r c - n ci ci ai r r
CM

cn ai
CO

ren CO
CM CO

o
CO CO

r ^ d T ~ e CO n
LO

en co CO
C* O

Tt

LO T CO o CM LO CO

s
LO LO

en en
LO

CO

r^ o to i^
* -

to
CM CO CO TT LO CO CO CO CD

to
CO

TJ

to hCO CM CM CO

^ _ o
LO CO

r* r - ^
CO CO

s
CO CO CM

cn to CO o to

LO 00 CM

ci ci r r
CO CO

3
o

CO LO

r CM
o*
CO LO CM

to

ai

<

^
y l^

o o ^ S

CO r CO e f; r n - to d T CM ~ eg tD

^ _ CM
CO CO CM fCO CO CO

r CM CO CM

en
CM CM

en en

to
<t

to to "t hLO CO

en to
CM

^ r
to
CM LO U5

o en CO

p ^ CO
CD CO CM O t^

CO LO r1 h * - h00 en Tl
h1

^ _ CO
hCM
*

o cn r" hhLO CO CO

to cn to to
CO

t> J

* -

CO LO

ho

CM

s
o>

o CO o CO
T-

CO Tf CM to
CM O CO

o o
*

d S <o

* ^

to to to

en CO
CO LO

r CO h-

"' *
c n
Tf

^ LO

en
CO O) o CM CO CM CO

to ro CO CO

O) h^ CO CO CO CO CO CO CO to CO CO
LO CO CO

on k.
L.

s s Tf
e n d
Tf CM CO CO
* "

r to
CM CM CO CM

^ to
to Tf CO

'

CM CM
Tj-'

"t <
CM CO LO LO

^ _ o
to CO

o> to to CO
Tf

r^ r* - co o CO
CO o to
00

o u re L. L
( A

Ti

^ m ^
*

to

e n
LO CO

o to Tf
LO

to

e n
CM CO
fl"

e T r n d " CM
LO

rLO h* o
LO

TT

t' o
en en CM
CO CO

to hLO
CO

to to

* * * ~
hCM CO h<D

CO hho CM hh " f" CO LO CO

*

o ? to O r d ci ci ci r r r r o CM to r CO CM LO CM o r CO - CM TT to Ol 00 CM h- d d d CO ci ci r r to to o CO t o
CO cn CO CO cn CO CO CO CO CO

to to Tf hco

cn h*

ci ci ci ci r r r r CM c to Tf n
CO CO CO

d
CO

ci ci d r r c to n h- CM co LO r to d d d
CM hCM cn to Tf
Tf LO

d
LO LO

c n d
CO CO CM CM

Tf o

to

cn

ffco

C* M

to
CO CO

d
CO LO V

cn to

q
CM Tf o
CM

to

cn o Tf
CM

CO

a
C* M CO

CM CO CO C* O

o CO

d
CM CD

cn CO o Tf
1

o 3 r- f* Tf
CM

^J

co o CO CM Ol CO Tf CO h* to CO Tf

o LO LO CM
Ol c n hCO hTf CM LO

CO CO fCM Tf en o Tf CM CM to to
CO Tf 1^ * CO CM LO

to CD f-

cn Tf
Tf Tf

to Tf o
LO

to r- d ii r to
LO CM

a>
CD CO

ci r
CO

d
CO v-1

d
CM LO

hCM

,; _
to
CD CM

en to T-i

LO CO

o CM
Tf

to
Tf CM

^
CM CO CM

CO

to
CO

CM fco id
CM

cn
LO

rco d
LO CO

r' CO

d
CM CO Tf
V*

cn CM cn

SI
0)

to

, , _ _ <o LO
00 CO
* "

CO

e n d
en o rC> J

hhCM to

to

" * ^t
ren NLO

CM f t CM

id
CM

CM o o t' o
CO

en o
T-

c n
to CD CM
Tf LO

h-

co
CM

en

cn cn LO CO

to LO

d
CD

to

> ^rf
c a> u

c 0) 3

S S
CO

to CO en

d
Tf

CO CM CO CM"

! CO

rto

o CO
CM

^
to CO

^ r

ren o

to CO
h-

to

t-.' LO LO CM CO h" -

h ' CO CM CM CO
CO CD CM CO

o CO to

CO LO CM

LO

en

cn cri
LO LO

to

en CM
T-l

CO CO

cn

,; _ , to _ to to
LO CM CO CO CM

CO CO Tf CM CO Tf CO

o cn LO CO
fr* co Tf

cn CM o Tf to Tf id

LO Tf Tf

^ _
hco cn id
CO LO CO

o CM l< o o to

cn to hoS ai f00 Tf

CM

CO CM CO CM CM

.
d
CM

,: _
cn
Tt 00 CM

rco
CM

to CO cn

to

ci r
to cn CO
CM CM CO CO LO CM

vI CM
cn en cn Tf CM cn o ai CM
Tf LO CO

ci

CM LO LO CO f* CM LO CO CO CM CO

o CO fii r
CM Tf CM Tf TI CO CO

to hto h* CM to
hTf CO

to

^
CM

o e 5 n o> d T "
CO

e r n CO r CO o CO CO
CM

xf

o
CM

CO

c" o

? ^ Tr

o to
LO LO LO

r -

^ to
CM CO CM h-

* ~
o to to LO c' o
en

r e cri d n CO
00

s
1

to o CM Tt o o CO

rto
CO

cn

CM T" t

cn cn
Tf

r*
<D

^ ^ _ _ to
CO to to Tf o
CO

Tf

td

o r" fLO CO CO

cn
CM CO

f^

cn
CO

ci r
CO CM

o_
T> 0)

en en

, _ o
d

Tf fO)
T-

o
Tf

en
CM

o CM o en
CO

s
LO CO
^

r^
L0 T^

CO

en hLO

to

Ti-

CO CO CO

LO LO CM

Tf CO CM

m
to CO CO

00

<6
h-

en

d
T"

,; _
CM

r^ Tf

CM CD LO LO

CO

to
CM CM

o
CO CO

c n CO d
CO

CO LO Tf

CO Tf CM

r^ -

ci d r CM
CM CM

^
CM Tf CM

e n
ai
CO

LO LO

CM CM

cn

3
o to

re

l* -

CM

CO

Tf

LO

to

CO

CO

Tl

to

to

h-

cn

o
CM

CM

CO CM

LO CM

o
CO

o Tl

o to

Hak Cipta Universiti Teknologi MARA

CONFIDENTIAL