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Published by ainursyafiqah.bbb, 2022-05-17 04:00:06

220517_UTV Annual Report 2021

220517_UTV Annual Report 2021

2021 ANNUAL REPORT

UiTM
TE HNOVENTURE

Unlocking Talent, Delivering Results

Consultancy | Training & Event Management | Professional Corporate Services

About This

Report

UTV aims to share Reporting Framework
balanced and transparent Scope and Boundaries
information about our
business operations, giving UiTM Technoventure Sdn. Bhd. (UTV) is
stakeholders insights into embarking on its journey into integrated
our operations to make reporting with our Annual Report 2021. This
informed assessments of report will therefore be guided by integrated
our value creation reporting principles and best practices and
activities. aims to share balanced and transparent
information about our value creation
activities. We are committed to this process
as a means of adding value for our
stakeholders as it creates better visibility
and allows an informed assessment of our
operations. Covering our activities and
information about how we performed
throughout the year, and charts our
progression towards our medium and
long-term strategic goals.

1

Editor Published and distributed by
UiTM Technoventure Sdn. Bhd.
Ground Floor, UiTM-MTDC Technopreneur Centre
Universiti Teknologi MARA (UiTM)
40450 Shah Alam, Selangor, Malaysia.

Editorial

Editor-in-Chief
⚫ Dr. Mohd Azman Zainul Abidin

[email protected]
[email protected]
⚫ Redza Syah Azmeer Dato' Dr. Hj. Radzuan
[email protected]

Associate Editor
⚫ Ainur Syafiqah Suhaizard

[email protected]

Contributing Writers
⚫ Dr. Mohd Azman Zainul Abidin
⚫ Redza Syah Azmeer Dato’ Dr. Hj. Radzuan
⚫ Norhasnah M Saheh
⚫ Fadzili Ahmad Shiyuti
⚫ Noor Fadzlina Fadzil
⚫ Amanina Ghazali
⚫ Siti Rahmah Abdul Rahman
⚫ Kamarol Zaman Mohd Yusof
⚫ Siti Aisyah Mohd Saad

Art

Director of Design
⚫ Redza Syah Azmeer Dato’ Dr. Hj. Radzuan
Graphic Designer
⚫ Ainur Syafiqah Suhaizard

2

Table of

Content

14 01 About This Report
05 About UTV

Consultancy Guiding UTV
Talent & Operations 07 Chairman’s Insights
09 UTV Board of Directors
15 10 CEO Messages

Consultancy
14 Talent
14 Operations
15 Associate Consultants
17 Performance

Consultancy Business & Services
Associate Consultants
27 Training & Event Management
28 Training Room
30 Performance

Governance
31 Policy

3

28

Consultancy Annual Awards 2021 32 Business & Services
33 Training Room
Objective 34
Audit Committee
Nominees & Winners

UTV Activities 37 33
Strategic Planning Event 2021 (SPE‘21)

Stakeholder 39 Consultancy Annual
UTV Partners & Clients Awards 2021
Talent Audit

37

UTV Team 41
Audit Report (Seperated Page 1-38) 45

UTV Activities
Strategic Planning Event 2021

4

About

UTV

We are wholly owned subsidiaries company for Universiti Teknologi MARA (UiTM) and our core functions are to
promote UiTM Talent and UiTM Product that would contribute towards sustainable campus and quality of life.

UiTM Technoventure Sdn. Bhd. (UTV) plays We are proud to work with others –
a critical role in building a better future for business partners and clients alike, to use
its clients, stakeholders and its people. We our knowledge, skills and expertise as we
were established to also lead the work continuously together in building a
commercial initiatives of University better future.
Teknologi MARA (UiTM) in its endeavour to
unlock business potentials. We develop outstanding
leaders of tomorrow that
Through our integrated key lines of manages consultancy
business - Consultancy, Training & Event activities that are
Management, and Professional Corporate sustainable and inclusive.
Services. We help our clients to capitalize
on new opportunities, develop business
growth, polish talents and generate
profitable returns.

5

About 2021 UTV Annual Report

Vision Mission

To be the leading source of high value To be the leading Professional
talent that help to position UiTM as the Consultancy services company in

Globally Renowned University Malaysia

Our Core Values

Professionalism Integrity Determination Agility Collaborative

Promoting UiTM Our Mandate
Talent
Our mandate is to promote UiTM talent and product
through sustainable consultancy activities

Promoting UiTM Consultancy
Product Providing consultancy services with almost
every task imaginable by expending internal
personnel workflows and administration.

Business & Services
Keen to collaborate with our clients to
capitalize on new opportunities, develop
business growth, polish talents and generate
profitable returns.

Value Creation
UTV are eager to bring forward UiTM talents,
product prospers & business opportunities by
creating various platforms to promote and
bring awareness throughout industries.

6

Guiding

UTV

Dato’ Sri Datuk Wira Dr. Hj. Irmohizam Hj. Ibrahim
Chairman of UiTM Technoventure Sdn. Bhd.

7

2021 UTV Annual Report

Chairman’s
Insights

Innovation and marketing should work hand in hand to make
the best out of a product. A series of consultancies and
professional help is needed to develop the progression. UiTM
Technoventure Sdn. Bhd. (UTV) aspires to be recognized as the
leading source of high-value talent in providing solutions for
the improvement of the quality of our lives. We are experts in
consultancy and managed by a group of experienced members.
We welcome high driven partners for any collaborations in
pushing boundaries for future development and innovation. It
is also important to highlight that UTV also provides an
efficient project management system and excellent facilities
for our stakeholders.
It is with great pleasure to share our services and expertise for
continuous engagements. I would like to take this opportunity
to thank everyone for your endless support and
encouragement as it gives us the spirit to continue striving.
Dato’ Sri Datuk Wira Dr. Hj. Irmohizam Hj. Ibrahim
Chairman of UiTM Technoventure Sdn. Bhd.

8

Guiding

UTV

The boards of Universiti Teknologi MARA (UiTM). An
MBA holder from Cornell University and an
undergraduate degree from Knox College, USA. She
was the first woman chairman of Maybank and held
the position for 9 years from August 2011 - October
2020.

Datuk Seri Mohaiyani Binti Shamsudin
Board of Director

Board of
Directors

9

2021 UTV Annual Report

A senior professor of forestry in the Faculty of Applied
Sciences, Universiti Teknologi MARA (UiTM), Malaysia. A BSc
degree holder in Forestry from the Universiti Putra Malaysia,
an MSc from the University of Nebraska-Lincoln, USA,
and a Ph.D. from the University of British
Columbia, Canada, specializing in remote
sensing for forest resources management.

Professor Ts. Dr. Mohd Nazip Suratman
Board of Director

The Chief Deputy Treasurer at the Department of
Corporate Finance Treasury Office, UiTM Shah Alam.
He is a UiTM graduate with a Bachelor of
Accountancy (Honored) and a diploma in
Accountancy from Institut Teknologi MARA
(former name of UiTM).

Tuan Haji Wan Hasmadi bin Wan Mohamed
Board of Director

10

Guiding

UTV

Dr. Mohd Azman Zainul Abidin
CEO of UiTM Technoventure Sdn. Bhd.

11

2021 UTV Annual Report

CEO Insights

Today’s commercial business environment is more dynamic
than ever. In principle, clear direction, top leadership team and
excellent operational processes remain critical but the
company is urged to move at “internet pace” accept
continuous change and disruption as “the brand new every
day”. Software technology is redefining how the work received
has been completed, organizations are restructuring to be
extra agile and responsive to an expanding array of risks and
opportunities.
With years of consultancy experience from Research
Innovation Business Unit (RIBU) to Business Innovation &
Technology Commercialization (BITCOM). Today, UiTM
Technoventure Sdn. Bhd. (UTV) as the new private wing of UiTM
will carry the UiTM consultancy portfolio to a new size and this
is aligned with UiTM 2025 transformation plan.
With over 1000 registered consultants with diverse strengths
and experiences. UTV is to keen challenge ourselves to drive
further talent commercialization into a brand new level
through dynamic and creative consultancy management that
would exceed consultant's and partner's expectations.
Dr. Mohd Azman Zainul Abidin
CEO of UTV

12

PROBLEMSIDENTIFY YOUR

BUT GIVE YOUR POWER & ENERGY

TO SOLUTIONS

13

What We Do?

Consultancy

Consultancy involves activities of individuals or
groups in providing expertise to the public sector,
private sector or statutory bodies, in Malaysia or
abroad, and complies with the policies established
by UiTM, UiTM Technoventure and the Government
and is subjected to regular revision and updates.

Consultancy

Talent & Operations

UiTM talent comprise of UiTM academic staff and UiTM administrative staff.
Consultancy policy clearly elaborate guidelines for consultants involvement in
consultancy and this practice has been continued under UTV. The same policy

continues under UTV.
14

Associate Consultant

Consultancy

Promoting UiTM

Talent

Dr. Mohd Raziff Jamaluddin Prof. Dr. Aruan Efendy Mohd Ghazali Prof. Ir. Dr. Zulkifli Abdul Rashid

Faculty of Hotel & Tourism Faculty of Engineering School of Chemical Engineering
Management
Known for his expertise in Known for his expertise in Process
Known for his expertise in Event Structural, Material and Strength Safety Assessment, Major Accident
Impact and rating, Branding, and Testing with 13 years of experience.
Upskilling Training in hospitality Hazard Prevention and Risk
Modelling, Hazardous Waste
with 13 years of experience. Management with 21 years of

experience.

15

2021 UTV Annual Report

Prof. Dr. Nuraisyah Chua Abdullah Prof. Dr. Khoiri Mohd Dimyati Dr. Mohd Subri Tahir

Faculty of Law Faculty of Architecture, Surveying & Faculty of Business Management
Planning
Known for her expertise in Known for his expertise in
Commercial Law, Hospitality & Known for his expertise in Land Management, Strategic
Tourism Law, Family Law, Legal Surveying, Geographical Information
Research Methodology, Consumer Management and Entrepreneurship
Protection Laws with 10 years of System, Transportation, Traffic with 20 years of experience.
Enforcement System, ICT in
experience.
Transportation with 30 years of
experience.

Mrs. Normahiran Yatim Mr. Mohd Nazrul Mohd Amin Dr. Tommy Julianto Bustami Effendi

Faculty of Accountancy Faculty of Computer & Mathematical Faculty of Pharmacy Management
Sciences
Known for his expertise in Strategic Known for his expertise in
Management, Accounting Known for his expertise in Actuarial Pharmaceutical, Herbal and
Information System and Science, Economics & Finance with Cosmetic Product Development
with 25 years of experience.
Sustainability Reporting with 13 15 years of experience.
years of experience.

16

22002211CCoonns
PPrroojjeeccttaatt

RM10,000,000

Targeted Project Registered

RM10,557,176.73

Project Registered

17

ssuullttaannccyy
taaGGllaannccee

RM7,486,695.92

Secured 2021 Project Value

606 projects
as at 31 Dec 2021
18

Performance

Consultancy

Projects by

Economy, Engineering Education
Finance
& Banking RM1,661,308 RM1,211,173
121 250
RM2,963,833
27 Human
Resource
Forestary, Infrastructure
Plantation RM635,052
& Agriculture RM820,398 14
40
RM875,487
23

Pharmaceutical, Energy Biotechnology
Health & Safety Industry
RM313,500
RM427,373 RM324,728 9
18 8

Telecommunication Computer
& IT
RM199,700
2 RM162,026
18

Project Value Projects 19

2021 UTV Annual Report

Industry Area

Retail Others Legal &
Governance
RM160,445 RM150,273
12 9 RM141,940
21

Food Renewable Sports
Industry Energy
RM65,000
RM111,721 RM105,500 4
7 3

Textile, Oil & Gas Aviation
Fashion &
Design RM56,522 RM47,700
2 1
RM64,000
4

Tourism & Broadcasting
Hospitality
RM22,730
RM36,770 5
8

20

Performance
Consultancy

Projects by
Sector

Government

7 RM5,205,304 172
Project Value Projects
Type of Services RM1,323,013 22
RM91,095 41
Contract Research
Expert Panel RM4,450 9
Knowledge Transfer
Program RM3,238,146 58
Professional services RM4,200 2
Seminar / Conference RM152,767 11
Services / Evaluation RM391,632 29
Training

Private

7 RM4,543,628 293
Project Value Projects
Type of Services RM1,186,147 39
RM231,100 26
Contract Research
Expert Panel RM212,628 10
Knowledge Transfer
Program RM1,640,557 112
Professional services RM178,630 19
Services Evaluation RM591,332 58
Testing Maintenance RM503,234 29
Training
21

2021 UTV Annual Report

Oversea

6 RM231,945 17
Project Value
Type of Services RM1,43,373 Projects
RM500
Contract Research 2
Expert Panel RM28,792 3
Knowledge Transfer 5
Program RM37,216 4
Professional Services RM291 1
Seminar / Conference 2
Training RM21,773
98
UiTM RM414,454
Project Value Projects
7 RM93,153
RM25,150 5
Type of Services 16
RM1,360 2
Contract Research 40
Expert Panel RM77,813 6
Knowledge Transfer RM17,090 14
Program RM133,198 15
Professional services RM66,690
Seminar / Conference 26
Services / Evaluation
Training Projects

Others RM161,846 2
Project Value 5
8 RM15,000 3
RM3,449 9
Type of Services 1
RM3,250 1
Contract Research 1
Expert Panel RM127,144 4
Knowledge Transfer RM163
Program 22
Professional services RM2,000
Seminar / C onference RM4,240
Services / Evaluation RM6,600
Testing Maintenance
Training

Performance
Consultancy

PPrroojejecctstsbbyyUUi

RM199,122 RM1,031,256
18 Projects 73 Projects

RM233,240RM51,613
10 Projects4 Projects

RM199,122 RM233,240
R4MPr5o11je,68c1t3sProjects 10 Projects

RM16,500 RM16,500
2 Projects 2 Projects

RM1,031,256 RM171,390
73 Projects 19 Projects

RM432,522
17 Projects

RM432,522 RM12R2,2M99122,29
17 Projects 56 Pro5je6ctsProjec

RM180,363 RM7,763,583
59 Projects 299 Projects

RM81,478

13 Projects RM81,478
13 Projects

RM7,763,583
299 Projects

23

2021 UTV Annual Report

TiTMMCCaammppuusseess

RM131,R0M35131,035
26 Proje2c6tsProjects

RM14R2M,717452,775
10 Pro1j0ecPtrsojects

24

Performance
Consultancy

Active Consultants
by Cluster

Business &
Management

280 119 RM3,027,357
Active Projects Project Value
Consultants

Engineering &
Technology

442 284 RM4,381,866
Active Projects Project Value
Consultants

25

2021 UTV Annual Report

Science

120 65 RM1,530,905
Active Project Value
Consultants Project

Social Science
& Humanities

189 101 RM1,039,227
Active Project Project Value
Consultants

UiTM
Management

11 37 RM577,822
Project Value
Active Project 26
Consultants

Training

Business & Services

Training & Event Management

We as HRDF Corp Certified Training Provider is offering the wide range of public
training courses and modules targeting the corporate, private sector,

entrepreneur (SME), teachers, parents, students, and hobbyist as our customers.

27

Facilities

Business & Services

Training Room

UTV provide the rental services space and facilities for various activities such as training,
seminar, panel discussion, press conference, singing ceremony events. UTV is endearing
to serve you with your training programmes. We provide training room rental services and
our package is prepared for any training programme at a very reasonable price.

28

2021 UTV Annual Report

29

Business &
Services
Performance

NUMBER OF NUMBER OF
TENDER SUBMITED SUCCESSFUL TENDER

57 TENDER 17 TENDER

Project Submitted September-December 2021 Amount Achived September-December 2021

PROJECT VALUE SUCCESSFUL VALUE
SUBMITED ACHIEVED

RM3,818,614 RM265,670

Overall Value Submitted August-December 2021 Successful Value September-December 2021

30

Policy

Governance

The purpose of policies is to help your organization tie together your
mission, vision, values, and culture into clearly written and easily accessible
documents for all employees to take to heart.

1 Legal Policy

2 Anti-bribery &
Corruption Policy

3 Procurement Policy

4 Green policy

5 Consultancy policy

31

CAA 2021

Consultancy

Audit Committee
Members:

Chairman

Prof Madya Ir. Dr. Syed Shatir Asghrar
Syed Hassan

Members

Dr. Farizah Mohamad Isa,
Dr. Mohd Azman Zainul Abidin,

Pn. Nor Hasnah M. Saheh

The Consultancy Annual Awards (CAA), are awards for The most prestigious
and significant
the Talents in Universiti Teknologi MARA (UiTM) and awards in
technical merit in who is excellent in the industries. They Consultancy. The
are regarded by many as the most prestigious and awards are a national
significant awards in Consultancy. Presented annually by recognition of
UiTM Technoventure Sdn. Bhd. (UTV), the awards are a excellence in
national recognition of excellence in industries industries
achievements, as assessed by the Academy's voting achievements.
membership. Various category winners are awarded the
trophy, certificates and recognition for their
achievements and accomplishments.

Consultancy Annual Award 2021 (CAA 2021) is the first
Academy Awards presentation that was held virtually on
November 24, 2021, from the UTV office with a virtual
audience of about 500 people. 7 awards have been
announced in the virtual award ceremony as recognition
to the best UiTM nominated nationally. UTV valued UiTM
Talent who have shown outstanding commitment and
accomplished big things.

32

2021 UTV Annual Report

CAA 2021 Audit
Committee

UTV CAA 2021 Audit Committee is a The CAA auditors are certified and
committee that conducts audits, reviews,
and decides for Consultancy Annual Award experienced in the Consultancy area. As
to nominees. An auditor is neutral of all
talents, and so is in a good position to make experienced members, auditors have
an impartial evaluation of the Consultancy
Projects and Talent of Consultant. The proven that they have a certain minimum
resulting audit opinions are highly valued by
members of the CAA committee, who need level of training and knowledge, and have
an independent appraisal of the financial
statements of organizations. passed qualification requirements. These

auditors have also fulfilled periodic

continuing professional education

requirements to keep their certifications

current.

33

CAA 2021
Consultancy

CAA 2021 Award

Categories & Nominations

UITM TALENT ALLIANCE AWARD (UITM BRANCHES)

UiTM Talent Alliance Award North Zone

• UiTM Pulau Pinang (WINNER)
• UiTM Perlis
• UiTM Perak
• UiTM Kedah

UiTM Talent Alliance Award East Zone

• UiTM Pahang (WINNER)
• UiTM Kelantan
• UiTM Terengganu

UiTM Talent Alliance Award South Zone

• UiTM Melaka (WINNER)
• UiTM Johor
• UiTM Negeri Sembilan

UiTM Talent Alliance Award Borneo Zone

• UiTM Sabah (WINNER)
• UiTM Sarawak

UITM TALENT ALLIANCE AWARD (SELANGOR)

UiTM Talent Alliance Award Technology and Engineering Cluster

• Fakulti Senibina, Perancangan & Ukur (WINNER)
• Fakulti Kejuruteraan Awam
• Fakulti Sains Komputer & Matematik

UiTM Talent Alliance Award Science Cluster

• Fakulti Sains Gunaan (WINNER)
• Fakulti Sains Kesihatan
• Fakulti Perubatan

UiTM Talent Alliance Award Social Science Cluster

• Fakulti Komunikasi & Pengajian Media (WINNER)
• Fakulti Undang-Undang
• Fakulti Seni Lukis & Seni Reka

UiTM Talent Alliance Award Management and Business Cluster

• Fakulti Pengurusan & Perniagaan (WINNER)
• Fakulti Pengurusan Hotel & Pelancongan
• Fakulti Pengurusan Maklumat

34

2021 UTV Annual Report

UITM TOP TALENT AWARD (UITM BRANCHES)

UiTM Top Talent Award North Zone

• Dr. Subri bin Tahir (WINNER)
• Dr. Wan Ismahanisa binti Ismail
• Professor Madya Azila Binti Azmi

UiTM Top Talent Award East Zone

• Dr. Wani Fairos binti Wan Yaakob (WINNER)
• Nurul Afzan bin Najid
• Dr. Agustono Wibowo

UiTM Top Talent Award South Zone

• Dr. Intan Maizura binti Abd Rashid (WINNER)
• Isma bin Ishak
• Haziah Sa’ari

UiTM Talent Alliance Award Borneo Zone

• Professor Madya Roslan Mokhtar (WINNER)
• Puan Octivia Wilibroard
• Professor Madya Chin Kum Fung @ Christina

UITM TOP TALENT AWARD (SELANGOR)

UiTM Top Talent Award Technology and Engineering Cluster

• Professor Madya Dr. Khoiri bin Modh Dimyati(WINNER)
• Professor Madya Dr. Aruan Efendy bin Mohd Ghazali
• Dr. Ariza binti Nordin

UiTM Top Talent Award Science Cluster

• Dr. Tommy Julianto bin Bustami Effendi (WINNER)
• Professor Madya Dr. Famiza binti Abd Latif
• Professor Dr. Mohd Nazip bin Suratman

UiTM Top Talent Award Social Science Cluster

• Dr. Suhaimee bin Saahar @ Saabar (WINNER)
• Dato’ Professor Dr. Ismail bin Sualman
• Professor Madya Dr. Hartini binti Saripan

UiTM Top Talent Award Management and Business Cluster

• Professor Madya Dr. Nooraini binti Mohammad Sheriff (WINNER)
• Professor Dr. Erlane K Ghani
• Professor Dr. Zuraidah binti Mohd Sanusi

35

CAA 2021
Consultancy

RISING STAR AWARD
Rising Star Award

• Dr. Ekarizan binti Shaffie (WINNER)

UiTM TOP TALENT AWARD
UTV Engagement Champion Award

• En. Mohd Nazrul bin Mohd Amin

UTV Gold Award

• Professor Dr. Md Said Zainol

UiTM GRAND TALENT AWARD
UTV Grand Talent Award (Selangor)

• Profesor Madya Dr. Khoiri bin Mohd Dimyati (WINNER)
• Dr. Tommy Julianto bin Bustami Effendi
• Professor Madya Dr. Nooraini binti Mohammad Sheriff

UTV Grand Talent Award (UiTM Branches)

• Dr. Mohd Subri bin Tahir (WINNER)
• Dr. Wan Fairos binti Wan Yaakob
• Dr. Intan Maizura Abd Rashid
• Professor Madya Roslan Mokhtar

36

UTV

Activities

Strategic Planning Event 2021 (SPE’21)

UTV held the first Strategic Planning Event on 16 & 17 December 2021 at Tasik Kebun,
Serendah, Selangor. A total of 48 pax attended which includes UTV Chairman, UTV Board of
Directors & CEO, UTV Head of Departments, UTV staff & UTV staff’s families.

OBJECTIVE To conduct the final BOD Meeting for 2021

To brief and prepare the staff for 2022 KPI,
strategic planning and staff bonding activities

UTV BOD MEETING

TELEMATCH

37

2021 UTV Annual Report

DINNER & UTV STAFF APPRECIATION

MORNING EXERCISE & DEBRIEFING
GROUP PHOTO

38

Stakeholders

Partner & Client

39

To be successful you must be unique,
you must be so different that if people
want what you have, they must come
to you to get it.

Walt Disney

40

UTV

Team

Our teams come from different background and profiles, creating a dynamic force that
drives UTV and the causes we champion. We help our clients to capitalize on new
opportunities, develop business growth, polish talents and generate profitable returns.
Our high-performing, multidisciplinary team works with them to fulfil their business
aspirations.

Get to know us here.

KEY MEMBERS

DR. MOHD AZMAN ZAINUL ABIDIN

CEO

NORHASNAH M SAHEH NOOR FADZLINA FADZILI AHMAD SHIYUTI REDZA SYAH AZMEER
FADZIL MOHD RADZUAN
Head of Talent Head of Business
Management, Head of Project & Services Head of Corporate
Consultancy Administration, Communication &
Marketing, Special
Consultancy Officer, CEO’s Office

AMANINA GHAZALI SITI RAHMAH KAMAROL ZAMAN
ABDUL RAHMAN MOHD YUSOF
Head of Legal,
Procurement & Head of Human Head of Finance &
Resources & Account
Governance
Administration

41

2021 UTV Annual Report

CEO OFFICE

DR. MOHD AZMAN REDZA SYAH AZMEER NURUL ATIKAH
ZAINUL ABIDIN MOHD RADZUAN AIRRUDIN

CEO Manager Junior Analyst
Special Officer Administration

CORPORATE COMMUNICATION & MARKETING

REDZA SYAH AZMEER SITI AISYAH MOHD SAAD AINUR SYAFIQAH
MOHD RADZUAN SUHAIZARD
Executive
Head of Department Creative Designer

TALENT MANAGEMENT, CONSULTANCY

NORHASNAH M SAHEH ABDUL RAFFAR
MOHAMAD IDIN
Head of Department
Senior Analyst

42

UTV
Team

PROJECT ADMINISTRATION, CONSULTANCY

NOOR FADZLINA SITI HANUM A RAHMAN MOHD RIDZUAN MAHAIDI
FADZIL
Analyst Analyst
Head of Department

BUSINESS & SERVICES

FADZILI AHMAD SHIYUTI MOHD KHAIRIS SHAHRIL NURUL ATIKAH
AIRRUDIN
Head of Department Analyst
Junior Analyst

LEGAL, PROCUREMENT & GOVERNANCE

AMANINA GHAZALI

Head of Department

43

2021 UTV Annual Report

HUMAN RESOURCES & ADMINISTRATION

SITI RAHMAH ABDUL RAHMAN NIK AMERA NABILA
HASSIM
Head of Department
Assistant

FINANCE & ACCOUNT

KAMAROL ZAMAN NURUL HAFAZAH NURUL NADIAH
MOHD YUSOF MOHD ADNAN BAHARUDIN

Head of Department Junior Executive Assistant

44

Registration No.: 201101020378 (948513-M)

UITM TECHNOVENTURE SDN. BHD.
(Registration No.: 201101020378 (948513-M))
(Incorporated in Malaysia)
REPORT OF THE DIRECTORS AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
(In Ringgit Malaysia)

These Audited Financial Statements of the
Company with Unqualified/ Qualified Auditors'
Report for the financial year ended 31
December 2021 were circulated on

Director
EN. WAN HASMADI BIN WAN MOHAMED

Registration No.: 201101020378 (948513-M) PAGE(S)

UITM TECHNOVENTURE SON. BHD. 1-5
(Incorporated in Malaysia) 6-9
FINANCIAL STATEMENTS
10
CONTENTS 11 - 12

Directors' report 13
Independent auditors' report 14 - 15
Statement of comprehensive income 16 - 34
Statement of financial position
Statement of changes in equity 35
Statement of cash flows
Notes to the financial statements 36
Statement by directors
Declaration by the director primarily responsible for the financial
management of the Company

Registration No.: 201101020378 (948513-M)

UITM TECHNOVENTURE SON. BHD.
(Incorporated in Malaysia)

DIRECTORS' REPORT

The directors ofUITM TECHNOVENTURE SON. BHD., have pleasure in presenting their
report and the audited financial statements of Company for the financial year ended 31
December 2021.

PRINCIPAL ACTIVITIES

The Company is principally engaged in faciliting the exploitation of and income generation
from Universiti Teknologi MARA ("UiTM")'s intellectual property rights including but not
limited to UiTM's research output (product and services) through licensing, outright sale or
any other commercialisation made on behalf ofUiTM.

During the financial year, the Company has changed its nature of business to other management
consultancy business, market research and public opinion polling and leasing of intellectual
property and similar products, except copyright works.

FINANCIAL RESULTS

The results of operations of the Company for the financial year are as follows:

RM

Loss for the financial year 983,177

In the opinion of the directors, the results of operations of the Company during the financial year
have not been substantially affected by any item, transaction or event of a material and unusual
nature.

DIVIDENDS

No dividend has been declared or paid by the Company during the financial year. The directors
also do not recommend any dividend payment in respect of the current financial year.

RESERVES AND PROVISIONS

There were no material transfers to or from reserves or provisions during the financial year
other than those disclosed in the financial statements.

ISSUE OF SHARES AND DEBENTURES

The Company has not issued any new shares or debentures during the financial year.

Registration No.: 201101020378 (948513-M)

SHARE OPTIONS

No options have been granted by the Company to any parties during the financial year to take up
unissued shares of the Company.

No shares have been issued during the financial year by virtue of the exercise of any option
to take up unissued shares of the Company. As of the end of the financial year, there were no
unissued shares of the Company under options.

OTHER STATUTORY INFORMATION

Before the financial statements of the Company were made out, the directors took reasonable
steps:

(a) to ascertain that proper action had been taken in relation to the writing off of bad debts
and the making of allowance for doubtful debts and had satisfied themselves that there
were no known bad debts need to be written off and that no allowance for doubtful debts
is required; and

(b) to ensure that any current assets which were unlikely to realise their book values in the
ordinary course of business, including the values of current assets, had been written
down to an amount which the current assets might be expected so to realise.

At the date of this report, the directors are not aware of any circumstances:

(a) which would render it necessary to write off any debt or make an allowance for
doubtful debts in the financial statements of the Company; or

(b) which would render the values attributed to current assets in the financial statements
of the Company misleading; or

(c) which have arisen which would render adherence to the existing method of valuation
of assets or liabilities of the Company misleading or inappropriate; or

(d) not otherwise dealt with in this report or financial statements which would render any
amount stated in the financial statements of the Company misleading.

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

(a) any charge on the assets of the Company which has arisen since the end of the financial
year which secures the liability of any other person; or

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

(Forward)

2

Registration No.: 201101020378 (948513-M)

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

In the opinion of the directors, no item, transaction or event of a material and unusual nature
has arisen in the interval between the end of the financial period and the date of this report
which is likely to affect substantially the results of operations of the Company for the
financial period in which this report is made.

DIRECTORS

The following directors served on the Board of the Company since the date of the last report:

Dato' Sri Dr. Irmohizam Bin Ibrahim (Appointed on 16 December 2021)
Wan Hasmadi Bin Wan Mohamed (Resigned on 16 December 2021)
Datuk Mohaiyani Shamsudin
Dr Norazah Abd Rahman
Dr Mohd Nazip Bin Suratman

DIRECTORS' INTERESTS

According to the register of directors' shareholding, none of the directors in office at the end
of the financial year had any interest in shares of the Company during and at the end of the
financial year.

DIRECTORS' BENEFITS

Since the end of the previous financial year, none of the directors of the Company has received
or become entitled to receive any benefit (other than the benefits included in Directors'
Remuneration as disclosed in Note 6 to the Financial Statements) by reason of a contract made
by the Company or with companies in which the directors have a substantial financial interest.

During and at the end of the financial year, no arrangement subsisted to which the Company was
a party whereby the directors of the Company might acquire benefits by means of the acquisition
of shares in, or debentures of, the Company or any other body corporate.

DIRECTORS' REMUNERATION

The directors' remuneration is disclosed in Note 6 to the Financial Statements.

3


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