hi can you help me in my assignment? some details can get in MAA Group Berhad. 2014 financial position, highlights, income statement.

Olympia College Assignment Diploma in Business Management DIPLOMA IN BUSINESS MANAGEMENT In Collaboration with Pearson BTEC MODULE NAME: Introduction to Finance MODULE CODE: BM 403 (13) ASSIGNMENT TITLE: MAA GROUP BERHAD NO OF ASSIGNMENT TASK TO COMPLETE : Complete 4/4 tasks MODULE LEADER/ASSIGNMENT SETTER NAME: Mr. Muhammad Hasnul TERM (SEMESTER) : T12016 (January 2016) SUBMISSION DEADLINE : 11th March 2016 Task Report Total: TOTAL MARK AWARDED : Presentation Total (if any): Assignment Total: WEIGHTAGE TO FINAL MARK : 100% NIL 100% 40% NAME OF STUDENT : Declaration (to be fill by student and when submit the report) I, __________________________ hereby confirm that this assignment task report is my own work and not copied or plagiarized from any sources. I have referenced the sources from which information is obtained by me for this assignment. ___________________________ _________________________ Signature Introduction to Finance Date T12016 Page 1 of 26 Olympia College Assignment Diploma in Business Management MAIN AIM(S) /OBJECTIVE(S) OF THE MODULE: This aim of this subject is to introduce to the student the importance of finance for an organisation, to understand the operation of the Financial Market and its component institutions and also able to read and interpret financial statements and use various financial analysis tools in financial management. LEARNING OUTCOMES: Upon completion, students are expected to achieve the followings:LEARNING OUTCOMES COVERED ASSESSMENT CRITERIA COVERED LO1 Understand the sources of 1.1 identify the sources of finance available to a finance available to a business business 1.2 assess the implications of the different sources 1.3 evaluate appropriate sources of finance for a business project LO2 Understand the implications of finance as a resource within a business 2.1 analyze the costs of different sources of finance 2.2 explain the importance of financial planning 2.3 assess the information needs of different decision makers 2.4 explain the impact of finance on the financial statements LO3 Be able to make financial 3.1 analyze budgets and make appropriate decisions decisions based on financial 3.2 explain the calculation of unit costs and make information pricing decisions using relevant information 3.3 assess the viability of a project using investment appraisal techniques LO4 Be able to evaluate the financial performance of a business 4.1 discuss the main financial statements 4.2 compare appropriate formats of financial statements for different types of business 4.3 Interpret financial statements using appropriate ratios and comparisons, both internal and external. Introduction to Finance T12016 Page 2 of 26 Olympia College Assignment Diploma in Business Management GUIDELINES TO STUDENTS: Students are required to observe the followings:1. Upon completion of each assignment task, students are required to prepare assignment task report. 2. The word count for each assignment task report should be limited to 1,000 words for Certificate students, 1,500 words for Diploma students and 3,500 words for Degree students. 3. All task reports should be stapled together then submit as one. 4. Assignment format: a) Front Cover b) This assignment set c) First marker feedback form with your information filled for marker to record any feedbacks so a copy can be given back to you. d) Table of content e) Content following the Name of the assignment tasks and corresponding task number. f) References and Appendix after each assignment task report. 5. Cut and paste work, plagiarism and undeclared sources will result in an automatic failure. 6. All references and citation shall use Harvard Referencing Style. 7. The assignment should be typed using 1.5 spaces between lines in 12 Times New Roman point-font. 8. Check carefully the submission date and the instructions given with the assignment. Late assignments will not be accepted. 9. If you are unable to hand in your assignment on time and have valid reasons such as illness, you may apply (in writing) for an extension. If the semester not ended, extension is subject to final approval by the Principal, otherwise no extension request will be entertained. Introduction to Finance T12016 Page 3 of 26 Olympia College Assignment Diploma in Business Management 10. After submission, the first marker (usually will be your center lecturer) shall provide students feedback on work submitted so that future improvements can be made. If one does not receive the feedback, please contact the center Principal or the Director of Studies (dos@olympia.edu.my). 11. No appeal on the academic judgment will be entertained. 12. If there are presentations, the presentation will be on Week 10/11 (Duration at least 5 minutes /student depending on the lecturer's allocation). 13. Presentation requirement including: communication skills, visual aids and personal grooming are the criteria for obtaining the marks allocated. Introduction to Finance T12016 Page 4 of 26 Olympia College Assignment Diploma in Business Management ASSIGNMENT Title: MAA Group Berhad Scenario MAA Group Berhad (\"MAAG\") is a wholly owned Malaysian investment holding company operating in the Financial Services Sector and is listed on the Main Board of Bursa Malaysia. MAAG has long been an industry player with its first appearance in 1968 through Malaysian American Assurance Company Berhad (\"MAAB\"), which was incorporated as a public listed company principally engaged in the General and Life insurance businesses. In 2006, MAAG teamed up with Solidarity Company BSC (C) from Bahrain through a joint-venture to establish an Islamic Insurance (Takaful) Company in Malaysia. MAA Takaful Berhad is today the leading Takaful operator in Malaysia of investmentlinked takaful policies, sold via its 10,000 agents and 9 branches throughout Malaysia. As at end December 2013, the Group's total assets amounted to RM1.36 billion. However, MAA Group Bhd is in danger of losing its listing status as it may not have enough funds left following the sale of its conventional insurance arm, Malaysian Assurance Alliance Bhd (MAA). MAAG blames its problem on the new Islamic Financial Services Act, 2013 (IFSA) which restricts MAA Group's activities, as the holding company of MAA Takaful, to the financial services sector that is expensive and something that the group can ill afford. They argued that MAA Group's predicament is unique as it is not financially distressed, but that its hands are tied by the IFSA. The PN17 classification was designed for companies that are in trouble. However, MAAG have no debts, relatively cash rich but at the same time they are also governed by the central bank unlike all the other PN17 classified companies. Following the sale of MAA Assurance and its subsidiaries, MAA Group has been classified under PN17 for not having a core business. Introduction to Finance T12016 Page 5 of 26 Olympia College Assignment Diploma in Business Management Its two remaining businesses are in MAA Takaful and MAAKL Mutual Bhd, a unit trust company, which are still small in terms of contribution to the group's performance. Since it was classified a PN17 company, MAA Group has been divesting its smaller businesses to focus on its core business. TASK 1 Make a thorough research on the above company. Identify and briefly explain the sources of finance available for company expansion. Assess the implications of the different sources and select appropriate sources of finance for a business plans You may wish to refer to the assessment criteria 1 at the learning outcome to complete this task (LO1) TASK 2 Explain the importance of Financial Planning to MAA Group Bhd. Assess and compare the costs of different sources of finance. Describe the impact of finance on MAA Group Berhad financial statements and the information needs of its different decision makers. Refer to the assessment criteria 2 at the learning outcome to complete this task (LO2) TASK 3 Prepare a Pro forma Statement of Financial Position and cash budgets for year 2016 and make appropriate decisions that will assess the viability of new product line using investment appraisal techniques. Refer to the assessment criteria 3 at the learning outcome to complete this task (LO3) Introduction to Finance T12016 Page 6 of 26 Olympia College Assignment Diploma in Business Management TASK 4 Obtain the latest available Financial Statements of the company and explain the purpose of the main financial statements to MAA Group Berhad. Compute for its profitability, liquidity and leverage ratio. Compare MAA Group Berhad performance with its competitor, Takaful Malaysia and comment on the result of your calculations. Refer to the assessment criteria 4 at the learning outcome to complete this task (LO4) Students are encouraged to go to any MAA Group Berhad branches available near to them to obtain all the necessary information. Introduction to Finance T12016 Page 7 of 26 Olympia College Assignment Diploma in Business Management MARKING CRITERIA Your written assignment will be assessed against the following criteria. Assessment Rubrics - General Evaluation/Marks No. Criteria 0 - Nothing Presented/ Plagiarized 1 - Not Yet Meet Expectation 2 - Approaching Expectation 3 - Acceptable Mark Achieved 4 - Good 5 - Exceeding Expectation First Marker Second Marker TASK 1 1. Depth of assignment Nothing written 2. Fairness Nothing written 3. Organisation Nothing written 4. In-text citation and Referencing No in-text citation and no References Introduction to Finance Written work is illdefined, underdeveloped, narrow and poorly supported Written work is illdefined, underdeveloped, narrow and poorly supported Weak paragraph, loose of digressive organization; missing or flawed transitions There are in-text citation or References Weak level of detail; confused or simplistic content Weak level of detail; confused or simplistic content Rambling organization; missing transitions; poor sequencing or prioritizing of ideas There are in-text citations and References but the citation and reference were not matching. References were not using appropriate format. Unfocused content, major off topic or non-productive content. Unintentional plagiarism. Unfocused content, major off topic or non-productive content. Unintentional plagiarism. Some transitional problems but work is understandable with lots of effort from the reader There are in-text citation and References. The citation and reference were tallying. References were not using appropriate format. T12016 Adequately chosen content with possible lack of depth and scope but satisfactory use of sources Adequately chosen content with possible lack of depth and scope but satisfactory use of sources Standard organization Reliable, detailed with support to the major claims made. There are in-text citation and References. The citation and reference were tallying. References were using appropriate format. There are in-text citations, References, Bibliography. The citation and reference were tallying. References were using appropriate format. Reliable, detailed with support to the major claims made. Good flow that provides guidance to reader. Page 8 of 26 Olympia College Assignment Diploma in Business Management Evaluation/Marks No. Criteria 0 - Nothing Presented/ Plagiarized 1 - Not Yet Meet Expectation 2 - Approaching Expectation 3 - Acceptable Mark Achieved 4 - Good 5 - Exceeding Expectation First Marker Second Marker TASK 1 5. Logical Development of the Assignment No in-text citation and no References There were attempt to make explanation /clarification. 6. Introduction No Introduction The Introductory paragraph is not interesting AND is not relevant to the topic. No concept sentence or quote. 7. Content (Focus, development, organization) No words submitted Does not write to prompt, off topic, missing main idea and supporting details, organization is absent: -Missing Introduction/lead -No attempt to establish -No Conclusion -No Transitions Introduction to Finance The explanations were not in understandable arrangement. The author has a weak introductory paragraph, the connection to the topic is not clear. Paragraph includes a weak concept sentence or quote. Meets some of the prompts requirements. Topic partially focused. Provides main idea with supporting details. Demonstrates organization. -Introduction/lead present -Ideas are organizaed -Conclusion present -Uses initial transitions effectively The discussions were logical. The discussions were logical and have relation. The discussion were logical and are clear The introduction has hook or attention grabber. Includes a concept sentence and/or interesting quote. The introduction has hook or attention grabber. Includes a good concept sentence and/or interesting quote. Meets all of the prompts requirements. Clearly focuses on topic throughout the paper. Provides main idea with specific, elaborate details. Demonstrates organization. -Introduction/lead present -Ideas are organized -Conclusion present -Uses initial transitions effectively Meets all of the prompts requirements. Clearly focuses on topic throughout the paper. Provides main idea with specific, elaborate details. Demonstrates strong organization. -Inviting introduction/lead -Logical organization of ideas -Powerhouse conclusion -Uses initial and embedded transitions naturally The introduction has a strong hook or attention. This could be a strong concept sentence, a relevant quotation, statistics or question addresses to this reader. Meets all of the requirements from proficient plus at least one of the following: -Introduction: Begin with a question that cannot be answered \"yes\" or \"no\" -Begins with a character talking or interesting quote -Unusual transition for at least one new idea -Specific elaborate details that move beyond the obvious -Add a set of 3 descriptive words setting them off with T12016 Page 9 of 26 Olympia College Assignment Diploma in Business Management Evaluation/Marks No. Criteria 0 - Nothing Presented/ Plagiarized 1 - Not Yet Meet Expectation 2 - Approaching Expectation 3 - Acceptable Mark Achieved 4 - Good 5 - Exceeding Expectation First Marker Second Marker TASK 1 8. Grammar, Mechanic, spelling) Nothing submitted No consistency in the following: -Subject/verb agreement -Modifiers (adjectives, adverbs) -Punctuation: endings, commas, apostrophes, quotation marks, semi-colon) -Age appropriate spelling doesn't affect readability. 9. Relevancy of Context Not Relevant Attempted but very weak 10. Context of Question Answer not meet/ Answer not related to Assignment task/Question Answer attempted but addressed the Question poorly Some consistent use on the following: -Subject/verb agreement -Modifiers (adjectives, adverbs) -Punctuation: endings, commas, apostrophes, quotation marks, semi-colon) -Age appropriate spelling doesn't affect readability. Some relevance were establish but not strong Answer attempted and addressed all Questions Consistent use on the following: -Subject/verb agreement -Modifiers (adjectives, adverbs) -Punctuation: endings, commas, apostrophes, quotation marks, semi-colon) -Age appropriate spelling doesn't affect readability. Mastered the following: -Subject/verb agreement -Modifiers (adjectives, adverbs) -Punctuation: endings, commas, apostrophes, quotation marks, semicolon) -Age appropriate spelling doesn't affect readability. Mastered the following: -Subject/verb agreement -Modifiers (adjectives, adverbs) -Sophisticated punctuation: semicolon (;), Colon(:), Ellipses(..), Dashes(~) -Age appropriate spelling doesn't affect readability. -Error - Free. relevance were establish and agreeable Answer attempted to address all Questions with appropriate references to Questions. Strong relevance were clearly established Relevant are clearly established with evidences provided Answer are focused to address the Question with proper paragraphing Answer are focused to address the Question TOTAL MARKS (50%) AGREED MARKS (50%) Introduction to Finance T12016 Page 10 of 26 Olympia College Assignment Diploma in Business Management Evaluation/Marks No. Criteria 0 - Nothing Presented/ Plagiarized 1 - Not Yet Meet Expectation 2 - Approaching Expectation 3 - Acceptable Mark Achieved 4 - Good 5 - Exceeding Expectation First Marker Second Marker TASK 2 1. Depth of assignment Nothing written 2. Fairness Nothing written 3. Organisation Nothing written 4. In-text citation and Referencing No in-text citation and no References There are in-text citation or References 5. Logical Development of the Assignment No in-text citation and no References There were attempt to make explanation /clarification. Introduction to Finance Written work is illdefined, underdeveloped, narrow and poorly supported Written work is illdefined, underdeveloped, narrow and poorly supported Weak paragraph, loose of digressive organization; missing or flawed transitions Weak level of detail; confused or simplistic content Weak level of detail; confused or simplistic content Rambling organization; missing transitions; poor sequencing or prioritizing of ideas There are in-text citations and References but the citation and reference were not matching. References were not using appropriate format. The explanations were not in understandable arrangement. Unfocused content, major off topic or non-productive content. Unintentional plagiarism. Unfocused content, major off topic or non-productive content. Unintentional plagiarism. Some transitional problems but work is understandable with lots of effort from the reader There are in-text citation and References. The citation and reference were tallying. References were not using appropriate format. Adequately chosen content with possible lack of depth and scope but satisfactory use of sources Adequately chosen content with possible lack of depth and scope but satisfactory use of sources Standard organization Reliable, detailed with support to the major claims made. There are in-text citation and References. The citation and reference were tallying. References were using appropriate format. There are in-text citations, References, Bibliography. The citation and reference were tallying. References were using appropriate format. The discussions were logical. The discussions were logical and have relation. The discussion were logical and are clear T12016 Reliable, detailed with support to the major claims made. Good flow that provides guidance to reader. Page 11 of 26 Olympia College Assignment Diploma in Business Management Evaluation/Marks No. Criteria 0 - Nothing Presented/ Plagiarized 1 - Not Yet Meet Expectation 2 - Approaching Expectation 3 - Acceptable Mark Achieved 4 - Good 5 - Exceeding Expectation First Marker Second Marker TASK 2 6. Introduction No Introduction The Introductory paragraph is not interesting AND is not relevant to the topic. No concept sentence or quote. 7. Content (Focus, development, organization) No words submitted Does not write to prompt, off topic, missing main idea and supporting details, organization is absent: -Missing Introduction/lead -No attempt to establish -No Conclusion -No Transitions Introduction to Finance The author has a weak introductory paragraph, the connection to the topic is not clear. Paragraph includes a weak concept sentence or quote. Meets some of the prompts requirements. Topic partially focused. Provides main idea with supporting details. Demonstrates organization. -Introduction/lead present -Ideas are organized -Conclusion present -Uses initial transitions effectively The introduction has hook or attention grabber. Includes a concept sentence and/or interesting quote. The introduction has hook or attention grabber. Includes a good concept sentence and/or interesting quote. Meets all of the prompts requirements. Clearly focuses on topic throughout the paper. Provides main idea with specific, elaborate details. Demonstrates organization. -Introduction/lead present -Ideas are organized -Conclusion present -Uses initial transitions effectively Meets all of the prompts requirements. Clearly focuses on topic throughout the paper. Provides main idea with specific, elaborate details. Demonstrates strong organization. -Inviting introduction/lead -Logical organization of ideas -Powerhouse conclusion -Uses initial and embedded transitions naturally T12016 The introduction has a strong hook or attention. This could be a strong concept sentence, a relevant quotation, statistics or question addresses to this reader. Meets all of the requirements from proficient plus at least one of the following: -Introduction: Begin with a question that cannot be answered \"yes\" or \"no\" -Begins with a character talking or interesting quote -Unusual transition for at least one new idea -Specific elaborate details that move beyond the obvious -Add a set of 3 descriptive words setting them off with Page 12 of 26 Olympia College Assignment Diploma in Business Management Evaluation/Marks No. Criteria 0 - Nothing Presented/ Plagiarized 1 - Not Yet Meet Expectation 2 - Approaching Expectation 3 - Acceptable Mark Achieved 4 - Good 5 - Exceeding Expectation First Marker Second Marker TASK 2 8. Grammar, Mechanic, spelling) Nothing submitted No consistency in the following: -Subject/verb agreement -Modifiers (adjectives, adverbs) -Punctuation: endings, commas, apostrophes, quotation marks, semi-colon) -Age appropriate spelling doesn't affect readability. 9. Relevancy of Context Not Relevant Attempted but very weak 10. Context of Question Answer not meet/ Answer not related to Assignment task/Question Answer attempted but addressed the Question poorly Some consistent use on the following: -Subject/verb agreement -Modifiers (adjectives, adverbs) -Punctuation: endings, commas, apostrophes, quotation marks, semi-colon) -Age appropriate spelling doesn't affect readability. Some relevance were establish but not strong Answer attempted and addressed all Questions Consistent use on the following: -Subject/verb agreement -Modifiers (adjectives, adverbs) -Punctuation: endings, commas, apostrophes, quotation marks, semi-colon) -Age appropriate spelling doesn't affect readability. Mastered the following: -Subject/verb agreement -Modifiers (adjectives, adverbs) -Punctuation: endings, commas, apostrophes, quotation marks, semicolon) -Age appropriate spelling doesn't affect readability. Mastered the following: -Subject/verb agreement -Modifiers (adjectives, adverbs) -Sophisticated punctuation: semicolon (;), Colon(:), Ellipses(..), Dashes(~) -Age appropriate spelling doesn't affect readability. -Error - Free. relevance were establish and agreeable Answer attempted to address all Questions with appropriate references to Questions. Strong relevance were clearly established Relevant are clearly established with evidences provided Answer are focused to address the Question with proper paragraphing Answer are focused to address the Question TOTAL MARKS (50%) AGREED MARKS (50%) Introduction to Finance T12016 Page 13 of 26 Olympia College Assignment Diploma in Business Management Evaluation/Marks No. Criteria 0 - Nothing Presented/ Plagiarized 1 - Not Yet Meet Expectation 2 - Approaching Expectation 3 - Acceptable Mark Achieved 4 - Good 5 - Exceeding Expectation First Marker Second Marker TASK 3 1. Depth of assignment Nothing written 2. Fairness Nothing written 3. Organisation Nothing written 4. In-text citation and Referencing No in-text citation and no References There are in-text citation or References 5. Logical Development of the Assignment No in-text citation and no References There were attempt to make explanation /clarification. Introduction to Finance Written work is illdefined, underdeveloped, narrow and poorly supported Written work is illdefined, underdeveloped, narrow and poorly supported Weak paragraph, loose of digressive organization; missing or flawed transitions Weak level of detail; confused or simplistic content Weak level of detail; confused or simplistic content Rambling organization; missing transitions; poor sequencing or prioritizing of ideas There are in-text citations and References but the citation and reference were not matching. References were not using appropriate format. The explanations were not in understandable arrangement. Unfocused content, major off topic or non-productive content. Unintentional plagiarism. Unfocused content, major off topic or non-productive content. Unintentional plagiarism. Some transitional problems but work is understandable with lots of effort from the reader There are in-text citation and References. The citation and reference were tallying. References were not using appropriate format. Adequately chosen content with possible lack of depth and scope but satisfactory use of sources Adequately chosen content with possible lack of depth and scope but satisfactory use of sources Standard organization Reliable, detailed with support to the major claims made. There are in-text citation and References. The citation and reference were tallying. References were using appropriate format. There are in-text citations, References, Bibliography. The citation and reference were tallying. References were using appropriate format. The discussions were logical. The discussions were logical and have relation. The discussion were logical and are clear T12016 Reliable, detailed with support to the major claims made. Good flow that provides guidance to reader. Page 14 of 26 Olympia College Assignment Diploma in Business Management Evaluation/Marks No. Criteria 0 - Nothing Presented/ Plagiarized 1 - Not Yet Meet Expectation 2 - Approaching Expectation 3 - Acceptable Mark Achieved 4 - Good 5 - Exceeding Expectation First Marker Second Marker TASK 3 6. Introduction No Introduction The Introductory paragraph is not interesting AND is not relevant to the topic. No concept sentence or quote. 7. Content (Focus, development, organization) No words submitted Does not write to prompt, off topic, missing main idea and supporting details, organization is absent: -Missing Introduction/lead -No attempt to establish -No Conclusion -No Transitions Introduction to Finance The author has a weak introductory paragraph, the connection to the topic is not clear. Paragraph includes a weak concept sentence or quote. Meets some of the prompts requirements. Topic partially focused. Provides main idea with supporting details. Demonstrates organization. -Introduction/lead present -Ideas are organized -Conclusion present -Uses initial transitions effectively The introduction has hook or attention grabber. Includes a concept sentence and/or interesting quote. The introduction has hook or attention grabber. Includes a good concept sentence and/or interesting quote. Meets all of the prompts requirements. Clearly focuses on topic throughout the paper. Provides main idea with specific, elaborate details. Demonstrates organization. -Introduction/lead present -Ideas are organized -Conclusion present -Uses initial transitions effectively Meets all of the prompts requirements. Clearly focuses on topic throughout the paper. Provides main idea with specific, elaborate details. Demonstrates strong organization. -Inviting introduction/lead -Logical organization of ideas -Powerhouse conclusion -Uses initial and embedded transitions naturally T12016 The introduction has a strong hook or attention. This could be a strong concept sentence, a relevant quotation, statistics or question addresses to this reader. Meets all of the requirements from proficient plus at least one of the following: -Introduction: Begin with a question that cannot be answered \"yes\" or \"no\" -Begins with a character talking or interesting quote -Unusual transition for at least one new idea -Specific elaborate details that move beyond the obvious -Add a set of 3 descriptive words setting them off with Page 15 of 26 Olympia College Assignment Diploma in Business Management Evaluation/Marks No. Criteria 0 - Nothing Presented/ Plagiarized 1 - Not Yet Meet Expectation 2 - Approaching Expectation 3 - Acceptable Mark Achieved 4 - Good 5 - Exceeding Expectation First Marker Second Marker TASK 3 8. Grammar, Mechanic, spelling) Nothing submitted No consistency in the following: -Subject/verb agreement -Modifiers (adjectives, adverbs) -Punctuation: endings, commas, apostrophes, quotation marks, semi-colon) -Age appropriate spelling doesn't affect readability. 9. Relevancy of Context Not Relevant Attempted but very weak 10. Context of Question Answer not meet/ Answer not related to Assignment task/Question Answer attempted but addressed the Question poorly Some consistent use on the following: -Subject/verb agreement -Modifiers (adjectives, adverbs) -Punctuation: endings, commas, apostrophes, quotation marks, semi-colon) -Age appropriate spelling doesn't affect readability. Some relevance were establish but not strong Answer attempted and addressed all Questions Consistent use on the following: -Subject/verb agreement -Modifiers (adjectives, adverbs) -Punctuation: endings, commas, apostrophes, quotation marks, semi-colon) -Age appropriate spelling doesn't affect readability. Mastered the following: -Subject/verb agreement -Modifiers (adjectives, adverbs) -Punctuation: endings, commas, apostrophes, quotation marks, semicolon) -Age appropriate spelling doesn't affect readability. Mastered the following: -Subject/verb agreement -Modifiers (adjectives, adverbs) -Sophisticated punctuation: semicolon (;), Colon(:), Ellipses(..), Dashes(~) -Age appropriate spelling doesn't affect readability. -Error - Free. relevance were establish and agreeable Answer attempted to address all Questions with appropriate references to Questions. Strong relevance were clearly established Relevant are clearly established with evidences provided Answer are focused to address the Question with proper paragraphing Answer are focused to address the Question TOTAL MARKS (50%) AGREED MARKS (50%) Introduction to Finance T12016 Page 16 of 26 Olympia College Assignment Diploma in Business Management Evaluation/Marks No. Criteria 0 - Nothing Presented/ Plagiarized 1 - Not Yet Meet Expectation 2 - Approaching Expectation 3 - Acceptable Mark Achieved 4 - Good 5 - Exceeding Expectation First Marker Second Marker TASK 4 1. Depth of assignment Nothing written 2. Fairness Nothing written 3. Organisation Nothing written 4. In-text citation and Referencing No in-text citation and no References There are in-text citation or References 5. Logical Development of the Assignment No in-text citation and no References There were attempt to make explanation /clarification. Introduction to Finance Written work is illdefined, underdeveloped, narrow and poorly supported Written work is illdefined, underdeveloped, narrow and poorly supported Weak paragraph, loose of digressive organization; missing or flawed transitions Weak level of detail; confused or simplistic content Weak level of detail; confused or simplistic content Rambling organization; missing transitions; poor sequencing or prioritizing of ideas There are in-text citations and References but the citation and reference were not matching. References were not using appropriate format. The explanations were not in understandable arrangement. Unfocused content, major off topic or non-productive content. Unintentional plagiarism. Unfocused content, major off topic or non-productive content. Unintentional plagiarism. Some transitional problems but work is understandable with lots of effort from the reader There are in-text citation and References. The citation and reference were tallying. References were not using appropriate format. Adequately chosen content with possible lack of depth and scope but satisfactory use of sources Adequately chosen content with possible lack of depth and scope but satisfactory use of sources Standard organization Reliable, detailed with support to the major claims made. There are in-text citation and References. the citation and reference were tallying. References were using appropriate format. There are in-text citations, References, Bibliography. the citation and reference were tallying. References were using appropriate format. The discussions were logical. The discussions were logical and have relation. The discussion were logical and are clear T12016 Reliable, detailed with support to the major claims made. Good flow that provides guidance to reader. Page 17 of 26 Olympia College Assignment Diploma in Business Management Evaluation/Marks No. Criteria 0 - Nothing Presented/ Plagiarized 1 - Not Yet Meet Expectation 2 - Approaching Expectation 3 - Acceptable Mark Achieved 4 - Good 5 - Exceeding Expectation First Marker Second Marker TASK 4 6. Introduction No Introduction The Introductory paragraph is not interesting AND is not relevant to the topic. No concept sentence or quote. 7. Content (Focus, development, organization) No words submitted Does not write to prompt, off topic, missing main idea and supporting details, organization is absent: -Missing Introduction/lead -No attempt to establish -No Conclusion -No Transitions Introduction to Finance The author has a weak introductory paragraph, the connection to the topic is not clear. Paragraph includes a weak concept sentence or quote. Meets some of the prompts requirements. Topic partially focused. Provides main idea with supporting details. Demonstrates organization. -Introduction/lead present -Ideas are organized -Conclusion present -Uses initial transitions effectively The introduction has hook or attention grabber. Includes a concept sentence and/or interesting quote. The introduction has hook or attention grabber. Includes a good concept sentence and/or interesting quote. Meets all of the prompts requirements. Clearly focuses on topic throughout the paper. Provides main idea with specific, elaborate details. Demonstrates organization. -Introduction/lead present -Ideas are organized -Conclusion present -Uses initial transitions effectively Meets all of the prompts requirements. Clearly focuses on topic throughout the paper. Provides main idea with specific, elaborate details. Demonstrates strong organization. -Inviting introduction/lead -Logical organization of ideas -Powerhouse conclusion -Uses initial and embedded transitions naturally T12016 The introduction has a strong hook or attention. This could be a strong concept sentence, a relevant quotation, statistics or question addresses to this reader. Meets all of the requirements from proficient plus at least one of the following: -Introduction: Begin with a question that cannot be answered \"yes\" or \"no\" -Begins with a character talking or interesting quote -Unusual transition for at least one new idea -Specific elaborate details that move beyond the obvious -Add a set of 3 descriptive words setting them off with Page 18 of 26 Olympia College Assignment Diploma in Business Management Evaluation/Marks No. Criteria 0 - Nothing Presented/ Plagiarized 1 - Not Yet Meet Expectation 2 - Approaching Expectation 3 - Acceptable Mark Achieved 4 - Good 5 - Exceeding Expectation First Marker Second Marker TASK 4 8. Grammar, Mechanic, spelling) Nothing submitted No consistency in the following: -Subject/verb agreement -Modifiers (adjectives, adverbs) -Punctuation: endings, commas, apostrophes, quotation marks, semi-colon) -Age appropriate spelling doesn't affect readability. 9. Relevancy of Context Not Relevant Attempted but very weak 10. Context of Question Answer not meet/ Answer not related to Assignment task/Question Answer attempted but addressed the Question poorly Some consistent use on the following: -Subject/verb agreement -Modifiers (adjectives, adverbs) -Punctuation: endings, commas, apostrophes, quotation marks, semi-colon) -Age appropriate spelling doesn't affect readability. Some relevance were establish but not strong Answer attempted and addressed all Questions Consistent use on the following: -Subject/verb agreement -Modifiers (adjectives, adverbs) -Punctuation: endings, commas, apostrophes, quotation marks, semi-colon) -Age appropriate spelling doesn't affect readability. Mastered the following: -Subject/verb agreement -Modifiers (adjectives, adverbs) -Punctuation: endings, commas, apostrophes, quotation marks, semicolon) -Age appropriate spelling doesn't affect readability. Mastered the following: -Subject/verb agreement -Modifiers (adjectives, adverbs) -Sophisticated punctuation: semicolon (;), Colon(:), Ellipses(..), Dashes(~) -Age appropriate spelling doesn't affect readability. -Error - Free. relevance were establish and agreeable Answer attempted to address all Questions with appropriate references to Questions. Strong relevance were clearly established Relevant are clearly established with evidences provided Answer are focused to address the Question with proper paragraphing Answer are focused to address the Question TOTAL MARKS (50%) AGREED MARKS (50%) TOTAL OF TASK 1 ,2, 3 & 4 (200%) CONVERT TO 100% Introduction to Finance T12016 Page 19 of 26 Olympia College Assignment Diploma in Business Management Mark Calculation A. Assessment Rubrics (100%) Introduction to Finance T12016 Page 20 of 26 Olympia College Assignment Diploma in Business Management Higher National Diploma Pass Grade Descriptors LEARNING OUTCOMES COVERED LO1. Understand the sources of finance available to a business LO2. Understand the implications of finance as a resource within a business LO3. Be able to make financial decisions based on financial information LO4. Be able to evaluate the financial performance of a business To achieve the criteria, evidence must show that the students is able to: Student to indicate where can marker find the ASSESSMENT CRITERIA COVERED evidence (e.g. page number) 1.1 identify the sources of finance available to a business 1.2 assess the implications of the different sources 1.3 evaluate appropriate sources of finance for a business project 2.1 analyze the costs of different sources of finance 2.2 explain the importance of financial planning 2.3 Assess the information needs of different decision makers. 2.4 explain the impact of finance on the financial statements 3.1 analyze budgets and make appropriate decisions 3.2 explain the calculation of unit costs and make pricing decisions using relevant information 3.3 assess the viability of a project using investment appraisal techniques 4.1 discuss the main financial statements 4.2 compare appropriate formats of financial statements for different types of business Achieved? (marker's sign if achieved) 4.3 Interpret financial statements using appropriate ratios and comparisons, both internal and external. Introduction to Finance T12016 Page 21 of 26 Olympia College Assignment Diploma in Business Management Higher National Diploma Higher Grade Descriptors In addition to the above PASS criteria, this Assignment gives you the opportunity to submit evidence in order to achieve the following MERIT and DISTINCTION grades Grade Descriptor Indicative characteristic/s M1 Identify and apply strategies to find appropriate solutions M2 Select / design and apply appropriate methods/techniques M3 Present and communicate appropriate findings D1 Use critical reflection to evaluate own work and justify valid conclusions D2 Take responsibility for managing and organising activities D3 Demonstrate convergent / lateral /creating thinking Introduction to Finance Contextualisation Achieved? (marker's sign if achieved) An effective approach to study To achieve M1, you need to demonstrate that you have conducted research on MAA Group Berhad by going and research has been applied finding the information about the company through websites and also interview. A range of sources of information To achieve M2, you need to provide evidences that you have referred to reliable resources for the financial has been used statements for MAAG and also its competitors, Takaful Malaysia The appropriate structure and To achieve M3, you must have at least 10 references. Your references must NOT be all from the websites. approach has been used Self-criticism of approach has To achieve D1, students must be able to evaluate the results and findings obtain in Task 1, Task 2 and Task 3 taken place Autonomy/independence has been To achieve D2, students should be able to adhere to the timeline set for this assignment and should be able to demonstrated submit on time. Receptiveness to new ideas is To achieve D3, students should demonstrate critical thinking in identifying concrete ideas through evident identification of appropriate strategies and recommendation for MAAG Bhd. T12016 Page 22 of 26 Olympia College Assignment Diploma in Business Management OTHER COMMENTS: Signature:.................................................... Assessment Grading: Name of assessor:........................................... Date:.......................................................... Introduction to Finance T12016 Page 23 of 26 Olympia College Assignment Diploma in Business Management If there are presentations required for any of the assignment task given, the followings are some of the possible criteria when marks are awarded: Appearance (dress, poise and posture) Introduction - presentation is clearly laid out in the beginning Clarity of Presentation - Presentation is arranged in a logical and coherent manner Clarity of Presentation - Slides are organized in a logical manner Presentation meets time requirement - not too long or too short Did NOT read materials from any scripts Conclusion summarized the presentation Attention of audience gained Everyone in the group was involved in the delivery of the presentation Questions were well understood by Presenters Questions were answered using relevant theories and concept Answers were through Answers were well organized Answers were clearly articulated/audible Introduction to Finance T12016 Page 24 of 26 Olympia College Assignment Diploma in Business Management Percentage marks will generally be awarded to the answer according to the extent to which the above criteria are met. The pass mark for the assignment is 40% (50% for MPW/MPU modules). The table below gives a description of how marks are typically awarded for assignments. % Standard 100 - 70 Assignment reflects excellent understanding of subject, includes detailed analysis and justification based on a broad level of research and preparation. Assignment reflects several perspectives. Presentation of essay reflects high level of academic rigour and attention to structure, grammar and technical terminology. 69.99 - 60 Reflects good understanding of the subject. Analysis developed to high standard with added insight and critical thinking. Good level of preparation evident. Essay will be accurate and fluent in use of terminology. 59.99 - 50 Reflects reasonable understanding of subject, based on reasonable level of research and analysis. Work will be well structured and include accurate use of terminology. 49.40 - 40 Task addressed to basic level. Largely descriptive. Analysis will only include obvious elements and reflect basic understanding of the subject. Terminology and grammar may be of questionable standard. 39.99 - 0.1 Contains little of scholarly merit and does not meet prescribed learning outcomes. 0 No work submitted Introduction to Finance T12016 Page 25 of 26 Olympia College Assignment Diploma in Business Management GRADING CRITERIA The Overall Grading Criteria for the module grades are explained below. Student may refer to the learning guide for further details. Mark From Mark To Grade Grading Point 80 100 A 4.00 75 79.99 A- 3.67 70 74.99 B- 3.33 65 69.99 B 3.00 60 64.99 B+ 2.67 55 59.99 C+ 2.33 50 54.99 C 2.00 47 49.99 C- 1.67 44 46.99 D+ 1.33 40 43.99 D 1.00 0 39.99 F 0 Characteristics Excellent work which: Possesses an authoritative grasp of the concepts, methodology and content appropriate to the subject and to the assessment Selects and organises material with consistent success at an exceptionally high stage Is able to display originality and personal insight and is capable of expressing their argument clearly, concisely and accurately. Very good structure, showing evidence of applying what has been learnt, progression and thinking concerning employability The student's work demonstrates: An above average stage of understanding, organising, interpretation and a clear grasp of methodology suitable focused on the topic An ability to synthesise material and to construct responses which reveal insight and may offer originality A grasp of material that enables a coherent response to the assessment task to emerge An ability to generate work that is accurate and appropriately organised. Well organised and structured work, showing evidence of applying what has been learnt, progression and thinking concerning employability Student's work has: Cover basic subject matter but in a relatively unimaginative and pedestrian manner. Organisation and presentation of material is acceptable but may display some weakness. Limitations in understanding and interpretation and difficulty in linking to relevant material may be evident. A basic structure, but showing some evidence of applying what has been learnt, progression and thinking concerning employability Student's work is: Only just acceptable in most respects revealing some inadequacies in the grasp of material, weak organising ability and limited communication skills. Poorly structured, but shows some evidence of progress Student's performance is: Deficient revealing inadequate grasp of material, poor organising ability and poorly developed communication skills. Work submitted has insufficient entries or subjects with no connection and no acknowledgement of alternative perspectives *Passing mark is 40% except for MPU/MPW modules -end of this assignmentIntroduction to Finance T12016 Page 26 of 26 Olympia College Assignment Feedback Sheet (1st Marker) SECTION A: (to be completed by the student) (to be completed by the student) Please complete Section A in Block Capitals making sure that you include Student Number, Module Code and Group Number. FAILURE to do so may cause result being delayed. MyCard ID/Passport Student Number (s): No: Student Index No: Programme: Module Title: Module Code: Seminar Group: Word Count: SECTION B: (to be completed by the first marker then returns a copy to students upon marking) Good practice demonstrated/Good points about this piece of work: Weakness in this piece of work and suggestions to rectification of errors Aspect to consider for improvement: 1st Marker's Name: Signature: Instruction to first markers: Marker should fill in this form and return a copy to student for students' continues improvement. Personal consultation while delivering this to student is required. Rev/AMN: 0/0 marker))/March 2013 Release Date: 20 March 2013 OCHQ-DOS-HOSSOP-10/ Form-10(Assignment Feedback-1st SECOND (2nd) MARKER REPORT/ INTERNAL VERIFICATION ON ASSESSMENT DECISIONS st Award 1 Marker Name Module: Tick () Olympia College DBM Financial Accounting HND DBM Business communication Management Accounting: Costing & Budgeting Managing Communications, Knowledge and Information Operations Management in Business Working with & Leading People Managing Financial Resources & Decisions The Internet & E-Business/Information Systems Small Business Enterprise Marketing Principles Financial Accounting & Reporting Organizations and Behavior Business Environment Aspects of Contract & Negligence Business Decision Making Business Strategy Research Project Contemporary Issues in Marketing Management Intro to Operations Management Managing People Intro to Finance Management Information System Fundamentals of Entrepreneurship Fundamentals of Marketing Principles of Accounting Organizational Behavior Principles of Management/Business Management Intro to law Quantitative Methods for Business Intro to Strategic Management Project Consumer Behavior Other Non-HND Modules: Assignment title Student's name Learning outcome listed Source of award Assignment /Task 1 Assignment /Task 2 Assignment /Task 3 LO 1, 2, 3, 4 Which criteria has the Assessor awarded? Pass e.g. P1, P2, P3, P4 Merit e.g. M1 M2 Distinction e.g. D1, D2 What Final Mark and Grade is Agreed: Yes Do the criteria awarded match those targeted by the assignment brief? Has the work been assessed accurately? Is the feedback to the learner: Constructive Linked to relevant grading criteria Identifying opportunities for improved performance Does the grading decision need amending? No Comments/Ramarks/Findings Remedial action taken: nd Digital Sign: Date: st Digital Sign: Digital Sign: Date: Date: 2 Marker/Internal Verifier Name Confirm action completed 1 Marker Name nd 2 Marker/Internal Verifier Name MAA GROUP BERHAD ANNUAL REPORT 2014 INCOME STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2014 GROUP COMPANY Note 2014 2013 2014 2013 CONTINUING OPERATIONS RM'000 RM'000 RM'000 RM'000 Gross earned premiums/contributions 24 654,480 502,070 - Premiums/contributions ceded to reinsurers/retakaful operators 24 (224,839) (205,248) - Net earned premiums/contributions 429,641 296,822 - Investment income 25 33,310 27,524 11,618 7,866 Realised gains and losses - net 26 22,166 23,677 (10) 3,229 Fair value gains and losses - net 27 (28,339) 12,273 - Fee and commission income 28 43,924 47,008 - Other operating revenue from non-insurance businesses 29 7,194 9,461 1,337 735 Other operating income - net 30 10,792 18,204 612 32,439 Other revenue 89,047 138,147 13,557 44,269 Total revenue 518,688 434,969 13,557 44,269 Gross benefits and claims paid 31 Claims ceded to reinsurers/retakaful operators 31 Gross change to contract liabilities 31 Change in contract liabilities ceded to reinsurers/retakaful operators 31 Net insurance/takaful benefits and claims (332,207) 121,556 (132,056) 35,960 (306,747) (262,861) 75,926 (60,154) 17,592 (229,497) - - - - - - Fee and commission expenses (102,615) (98,330) - Management expenses 32 (111,642) (112,661) (15,903) Expense liabilities (2,525) (794) - Finance costs 33 (325) (404) - Other expenses (217,107) (212,189) (15,903) Share of profit of associates, net of tax 2,320 1,525 - (Loss)/profit before zakat (2,846) (5,192) (2,346) (17,203) (17,203) 27,066 Zakat - (295) - (Loss)/profit after zakat before taxation (2,846) (5,487) (2,346) 27,066 Tax income/(expenses) attributable to participants 1,782 (4,089) - - (Loss)/profit before taxation for Shareholders' fund (1,064) (9,576) (2,346) 27,066 Taxation 34 352 (7,998) (130) 2 Tax (income)/expenses attributable to participants (1,782) 4,089 - Tax expenses attributable to Shareholders' fund (1,430) (3,909) (130) 2 (Loss)/profit for the financial year from continuing operations (2,494) (13,485) (2,476) 27,068 63 64 MAA GROUP BERHAD ANNUAL REPORT 2014 INCOME STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2014 (continued) 2014 2013 RM'000 Taxation 34 2014 (21) 2013 COMPANY RM'000 RM'000 RM'000 DISCONTINUED OPERATIONS Profit/(loss) before taxation 35 20,308 18,483 12,500 Note GROUP (1,180) - (36,705) - Profit/(loss) for the financial year from discontinued operations 35 20,287 17,303 12,500 (36,705) Profit/(loss) for the financial year 17,793 3,818 10,024 (9,637) Profit/(loss) for the financial year attributable to: - Owners of the Company - Non-controlling interests Basic earnings/(loss) per ordinary share attributable to owners of the Company: - Continuing operations 37 - Discontinued operations 37 The accompanying notes are an integral part of these financial statements. 16,742 1,051 17,793 (1.36) 6.86 5.50 4,708 (890) 3,818 10,024 - 10,024 (3.72) 5.27 1.55 (9,637) (9,637) 62 MAA GROUP BERHAD ANNUAL REPORT 2014 STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2014 31.12.2014 31.12.2013 COMPANY 31.12.2014 31.12.2013 RM'000 RM'000 RM'000 ASSETS Property, plant and equipment 4 17,297 21,843 1,789 Investment properties 5 14,846 12,500 - Intangible assets 6 3,584 3,007 125 Subsidiaries 7 - - 99,897 Associates 8 64,866 61,497 - Deferred tax assets 9 3,820 47 - Tax recoverable 1,258 2,773 - Reinsurance/retakaful assets 301,426 257,824 - Investments 10 600,248 658,995 53,709 Financial assets at fair value through profit or loss 321,005 294,722 - Available-for-sale financial assets 210,714 214,361 34,647 Held-to-maturity financial assets 41,002 40,881 - Loans and receivables 11 27,527 109,031 19,062 Insurance/takaful receivables 12 156,895 50,922 - Trade and other receivables 13 52,798 107,621 45,847 Cash and cash equivalents 14 342,268 181,840 159,243 Assets classified as held for sale 15 - 178 - TOTAL ASSETS 1,559,306 1,359,047 360,610 EQUITY, POLICYHOLDERS' FUND AND LIABILITIES RM'000 Note GROUP 2,179 174 98,779 1,932 135,317 34,714 100,603 143,776 32,609 414,766 LIABILITIES Insurance/takaful contract liabilities 16 847,128 677,952 - Investment contract liabilities 17 - 4,082 - Deferred tax liabilities 9 911 3,971 122 129 Insurance/takaful payables 18 209,677 111,070 - Trade and other payables 19 57,543 104,981 2,184 46,971 Borrowings - Bank overdrafts (unsecured) 20 - 4,715 - Current tax liabilities 50 1,660 - TOTAL LIABILITIES 1,115,309 908,431 2,306 47,100 EQUITY Capital and reserves attributable to the Company's equity holders Share capital 21 304,354 304,354 304,354 304,354 Treasury shares 22 (1,312) - (1,312) Retained earnings 23 113,845 116,594 55,033 63,271 Reserves 23 7,024 10,448 229 41 TOTAL EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY 423,911 431,396 358,304 367,666 Non-controlling interests 7 20,086 19,220 - TOTAL EQUITY 443,997 450,616 358,304 367,666 TOTAL EQUITY, POLICYHOLDERS' FUND AND LIABILITIES 1,559,306 1,359,047 360,610 414,766 The accompanying notes are an integral part of these financial statements