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

The information is retrieved from 2007 's Annual Report

 
  2007
RM
  2006
RM
 
 
Revenue 365,766,124   318,266,499  
 
Cost of sales (296,942,084)   (270,140,179)  

Gross profit 68,824,040   48,126,320  
 
Other operating income 41,245,946   2,755,375  

  110,069,986   50,881,695  
 
Administrative expenses (49,205,497)   (14,722,184)  

Profit from operations 60,864,489   36,159,511  
 
Finance costs (8,054,308)   (4,699,142)  

Profit before taxation 52,810,181   31,460,369  
 
Income tax expense (12,616,914)   (11,426,033)  

Profit after taxation 40,193,267   20,034,336  

 
Attributable to :-
Equity holders of the Company 40,193,267   20,034,336  
Minority interests -   -  

  40,193,267   20,034,336  

 
Earnings per share attributable to equity holders of the Company :-        
Basic earnings per share (sen) 32.46   16.39  

Diluted earnings per share (sen) 31.62   N/A  

Dividend per share (sen) 7.00   5.00  

 
  2007
RM
  2006
RM
 
 
PROPERTY, PLANT AND EQUIPMENT 14,755,302   41,991,603  
INVESTMENT PROPERTIES 88,011,005   5,115,000  
OTHER INVESTMENTS 8,554,000   4,554,000  
INTANGIBLE ASSETS 33,604,364   67,055,363  
LAND HELD FOR PROPERTY DEVELOPMENT 21,135,734   33,471,001  

  166,060,405   152,186,967  
 
CURRENT ASSETS
 
Property development costs 15,530,073   34,040,032  
Inventories 6,872,205   -  
Trade receivables 131,038,433   78,692,283  
Amounts due from contract customers 122,562,566   124,203,997  
Other receivables, deposits and prepayments 15,355,978   3,060,100  
Tax recoverable 5,213,254   3,849,431  
Cash and bank balances 24,347,850   8,341,646  
  320,920,359   252,187,489  
CURRENT LIABILITIES        
         
Trade payables 83,608,826   97,934,863  
Amounts due to contract customers 10,933,336   4,716,207  
Progress billings 12,291,339   11,277,637  
Other payables, deposits and accruals 32,342,780   5,881,975  
Hire purchase creditors 1,911,455   1,897,506  
Bank overdraft 3,872,361   2,680,749  
Other bank borrowings 29,243,744   27,861,164  
Provision for taxation 6,049,860   4,175,643  
  180,253,701   156,425,744  
NET CURRENT ASSETS 140,666,658   95,761,745  

  306,727,063   247,948,712  

 
CAPITAL AND RESERVES
 
Equity attributable to equity holders of the Company        
Share capital 123,911,450   123,750,450  
Reserves 92,441,555   56,561,645  

Shareholders' equity 216,353,005   180,312,095  
Minority interests -   -  

Total equity 216,353,005   180,312,095  
 
LONG TERM AND DEFERRED LIABILITIES
 
Hire purchase creditors 1,689,485   1,429,385  
Loans 88,187,999   65,447,721  
Deferred tax liabilities 496,574   759,511  

  306,727,063   247,948,712  

 
  2007
RM
  2006
RM
 
 
CASH FLOWS FROM OPERATING ACTIVITIES
 
Profit before taxation 52,810,181   31,460,369  
 
Adjustments for :-
 
Allowance for doubtful debts -   487,821  
Deposits forfeited (3,500)   (2,000)  
Depreciation 3,740,482   4,957,001  
ESOS employee expenses 203,535   -  
Fair value adjustments on investment properties (38,506,961)   (331,754)  
Gain on disposal of investment properties (264,800)   (93,372)  
Gain on disposal of property, plant and equipment (481,948)   (287,700)  
Intangible asset written off 33,450,999   -  
Interest expenses 9,784,286   6,367,333  
Interest income (826,886)   (263,929)  
Investment written off -   346,500  
Property, plant and equipment written off 36,389   24,272  
Short-term accumulating compensated absences 59,482   146,613  
Waiver of debts -   (195,435)  

Operating profit before working capital changes 60,001,259   42,615,719  
 
Increase in property development costs (3,817,767)   (1,531,164)  
Decrease in inventories 27,343,273   -  
Increase in trade receivables (52,796,150)   (18,227,457)  
Decrease / (Increase) in amounts due from contract customers 1,641,430   (26,677,503)  
Increase in other receivables, deposits and prepayments (12,295,878)   (1,018,672)  
(Decrease) / Increase in trade payables (13,876,038)   41,614,306  
Increase / (Decrease) in amounts due to contract customers 6,217,129   (363,669)  
Increase / (Decrease) in progress billings 1,013,702   (8,713,026)  
Increase in other payables, deposits and accruals 26,404,825   1,015,290  
  (20,165,474)   (13,901,895)  

Cash generated from operations 39,835,785   28,713,824  
 
Income tax paid (12,802,780)   (11,372,727)  
Income tax refunded 433,323   -  

Net cash generated from operating activities 27,466,328   17,341,097  

 
CASH FLOWS FROM INVESTING ACTIVITIES
 
Interest received 826,886   263,929  
Increase in development expenditure (1,395,549)   (2,376,607)  
Proceeds from disposal of investment properties 1,267,800   1,108,340  
Proceeds from disposal of property, plant and equipment 889,400   308,200  
Purchase of investment (4,000,000)   -  
Purchase of investment properties (10,776,995)   -  
Purchase of property, plant and equipment (9,028,070)   (11,892,533)  

Net cash used in investing activities (22,216,528)   (12,588,671)  

  5,249,800   4,752,426  
 
CASH FLOWS FROM FINANCING ACTIVITIES
 
Dividend paid (4,516,892)   (1,782,007)  
Fixed deposits with licensed banks 218,286   2,407,888  
Proceeds from issuance of ordinary shares 161,000   950  
Interest paid (7,941,223)   (5,281,455)  
Loan raised 39,901,000   28,391,806  
Repayment of term loans (15,778,142)   (25,880,155)  
Repayment of hire purchase creditors (2,260,951)   (2,072,270)  
Net cash generated from / (used in) financing activities 9,783,078   (4,215,243)  

Net increase in cash and cash equivalents 15,032,878   537,183  
Cash and cash equivalents brought forward 2,156,211   1,619,028  

Cash and cash equivalents carried forward 17,189,089   2,156,211  

 

 

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