In his report on the activities of departments and management of Selangor government companies for the Year 2020 Series 1, Auditor-General Nik Azman Nik Abdul Majid said the target area of 50% set by the Wasiat Raja-Raja Melayu (Malay rulers’ will) was not achieved.
It showed that 1,881.8ha or 42.5% of the MRL land had not been replaced as of December 2021, he said in a statement today.
Nik Azman said the initiatives implemented by the Selangor land and mines office for the development of the MRL land in line with the State Structure Plan 2035 were not comprehensive enough for the benefit of the Malays.
In addition, the special committee for management and replacement of MRL that was established never specifically discussed reserve land that had the potential to be developed in the future, as well as joint venture initiatives to promote their development.
He said that based on the scope of the audit carried out on Akademi PKNS Sdn Bhd (APSB), it was found that the objectives for the academy’s establishment had not been fully achieved, apart from poor management of revenue and expenditure.
“The company’s corporate governance is satisfactory, but four of the nine aspects of corporate governance that were audited are still not fully practised,” he said.
“Apart from that, APSB’s financial position is less stable due to an increasing trend in losses in 2020 and 2021.”
However, he said the company’s assets were still able to cover its short-term liabilities, and its cash flow and cash equivalents remained positive in the three-year period assessed, although there was a trend of decreasing cash flow from year to year.
On the Selangor Indian Entrepreneur Development Programme, Nik Azman said that implementation-wise, it was less than satisfactory as it was not carried out according to plan.
The Auditor-General’s report was tabled in the Dewan Rakyat on Aug 3 with the consent of the Yang di-Pertuan Agong, and was tabled at the Selangor state legislative assembly today with the consent of Sultan Sharafuddin Idris Shah.
The report may be accessed by the public at http://www.audit.gov.my.