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FINANCIAL STATEMENTS
 
Years:   2017  | 2016  | 2015  | 2014  | 2013  | 2012  |  2011  |  2010  |  2009  |  2008  |   2007  |   2006

The information is retrieved from 2006 's Annual Report

 
  2006
RM
  2005
RM
 
 
Revenue 318,266,499   253,006,459  
 
Cost of sales (270,140,179)   (213,406,915)  
 

Gross profit 48,126,320   39,599,544  
 
Other operating income 2,755,375   1,508,134  
 

  50,881,695   41,107,678  
 
Administrative expenses (14,722,184)   (16,060,782)  
 

Profit from operations 36,159,511   25,046,896  
 
Finance costs (4,699,142)   (4,792,616)  
 

  31,460,369   20,254,280  
 
Share of results of Associated Company -   (59,883)  
 

Profit before taxation 31,460,369   20,194,397  
 
Income tax expense (11,426,033)   (8,456,108)  
 

Profit after taxation 20,034,336   11,738,289  
 
Pre-acquisition loss -   2,304  
 

Profit for the year 20,034,336   11,740,593  
 

 
Attributable to :-
Equity holders of the Company 20,034,336   11,740,593  
Minority interests -   -  
 

  20,034,336   11,740,593  
 

 
Earnings per share attributable to equity holders of the Company :-        
 

Basic earnings per share (sen) 16.39   10.32  
 

Diluted earnings per share (sen) N/A   9.69  
 

Dividend per share (sen) 5.00   4.00  
 

 
  2006
RM
  2005
RM
 
 
PROPERTY, PLANT AND EQUIPMENT 41,991,603   41,617,776  
INVESTMENT PROPERTIES 5,115,000   5,798,214  
INTERESTS IN ASSOCIATED COMPANY -   346,500  
OTHER INVESTMENTS 4,554,000   4,554,000  
INTANGIBLE ASSETS 67,055,363   67,055,363  
LAND HELD FOR DEVELOPMENT 33,471,001   31,094,394  
 

  152,186,967   150,466,247  
 

 
CURRENT ASSETS
 
Property development costs 34,040,032   25,588,146  
Trade receivables 78,692,283   60,464,826  
Amounts due from contract customers 124,203,997   97,526,494  
Other receivables, deposits and prepayments 3,060,100   2,529,249  
Tax recoverable 3,849,431   1,974,526  
Cash and bank balances 8,341,646   14,308,348  
  252,187,489   202,391,589  
     
CURRENT LIABILITIES        
         
Trade payables 97,934,863   56,320,557  
Amounts due to contract customers 4,716,207   5,079,876  
Progress billings 11,277,637   19,990,663  
Other payables, deposits and accruals 5,881,975   4,917,507  
Hire purchase creditors 1,897,506   1,844,164  
Bank overdraft 2,680,749   6,776,746  
Other bank borrowings 27,861,164   25,633,199  
Provision for taxation 4,175,643   1,280,376  
  156,425,744   121,843,088  
NET CURRENT ASSETS 95,761,745   80,548,501  
 

  247,948,712   231,014,748  
 

 
CAPITAL AND RESERVES
 
Equity attributable to equity holders of the Company        
Share capital 123,750,450   113,749,500  
Reserves 56,561,645   38,443,895  
 

Shareholders' equity 180,312,095   152,193,395  
Minority interests -   -  
 

Total equity 180,312,095   152,193,395  
 
LONG TERM AND DEFERRED LIABILITIES
 
Irredeemable Convertible Unsecured Loan Stocks -   10,396,418  
Hire purchase creditors 1,429,385   1,481,997  
Loans 65,447,721   65,164,035  
Deferred tax liabilities 759,511   1,778,903  
 

  247,948,712   231,014,748  
 

 
  2006
RM
  2005
RM
 
 
CASH FLOWS FROM OPERATING ACTIVITIES
 
Profit before taxation 31,460,369   20,194,397  
 
Adjustments for :-
 
Allowance for doubtful debts 487,821   -  
Amortisation of intangible assets -   3,047,854  
Deposits forfeited (2,000)   -  
Depreciation 4,957,001   4,781,362  
Fair value adjustments on investment properties (331,754)   -  
Gain on disposal of investment properties (93,372)   (90,791)  
Gain on disposal of property, plant and equipment (287,700)   (128,340)  
Impairment loss on investment -   36,000  
Interest expenses 6,367,333   5,107,187  
Interest income (263,929)   (858,941)  
Investment written off 346,500   -  
Loss on disposal of investment -   72,000  
Loss on foreign exchange -   1,876  
Property, plant and equipment written off 24,272   341,658  
Share of results of Associated Company -   59,883  
Short-term accumulating compensated absences 146,613   (20,037)  
Waiver of debts (195,435)   -  
 

Operating profit before working capital changes 42,615,719   32,544,108  
 
Increase in property development costs (1,531,164)   (6,584,922)  
Increase in trade receivables (18,227,457)   (13,423,917)  
Increase in amounts due from contract customers (26,677,503)   (33,857,420)  
(Increase) / Decrease in other receivables, deposits and prepayments (1,018,672)   2,621,505  
Increase in trade payables 41,614,306   17,856,904  
(Decrease) / Increase in amounts due to contract customers (363,669)   636,340  
(Decrease) / Increase in progress billings (8,713,026)   19,990,663  
Increase / (Decrease) in other payables, deposits and accruals 1,015,290   (1,170,153)  
  (13,901,895)   (13,931,000)  
 

Cash generated from operations 28,713,824   18,613,108  
 
Income tax paid (11,372,727)   (9,490,596)  
 

Net cash generated from operating activities 17,341,097   9,122,512  
 

 
CASH FLOWS FROM INVESTING ACTIVITIES
 
Acquisition of interest in Associated Company -   (406,383)  
Interest received 263,929   858,941  
Purchase of land held for development -   (23,071,375)  
Increase in development expenditure (2,376,607)   (1,053,406)  
Proceeds from disposal of investment -   108,000  
Proceeds from disposal of investment properties 1,108,340   1,583,680  
Proceeds from disposal of property, plant and equipment 308,200   128,340  
Purchase of investment properties -   (501,604)  
Purchase of property, plant and equipment (11,892,533)   (12,791,986)  
Net cash used in investing activities (12,588,671)   (35,145,793)  
 

  4,752,426   (26,023,281)  
 
CASH FLOWS FROM FINANCING ACTIVITIES
 
Dividend paid (1,782,007)   (4,913,979)  
Fixed deposits with licensed banks 2,407,888   285,994  
Proceeds from issuance of ordinary shares 950   -  
Interest paid (5,281,455)   (4,791,806)  
Loan raised 28,391,806   22,693,000  
Repayment of term loans (25,880,155)   (4,896,766)  
Repayment of hire purchase creditors (2,072,270)   (2,619,327)  
Net cash (used in) / generated from financing activities (4,215,243)   5,757,116  
 

Net increase / (decrease) in cash and cash equivalents 537,183   (20,266,165)  
Cash and cash equivalents brought forward 1,619,028   21,885,193  
 

Cash and cash equivalents carried forward 2,156,211   1,619,028  
 

 

 

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