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

The information is retrieved from 2008 's Annual Report

 
  2008
RM
  2007
RM
 
 
Revenue 270,275,129   365,766,124  
 
Cost of sales (229,091,889)   (296,942,084)  

Gross profit 41,183,240   68,824,040  
 
Other operating income 2,849,240   41,245,946  

  44,032,480   110,069,986  
 
Administrative expenses (17,397,201)   (49,205,497)  

Profit from operations 26,635,279   60,864,489  
 
Finance costs (8,027,686)   (8,054,308)  

Profit before taxation 18,607,593   52,810,181  
 
Income tax expense (6,264,333)   (12,616,914)  

Profit after taxation 12,343,260   40,193,267  

 
Earnings per share attributable to equity holders of the Company :-        
- Basic earnings per share (sen) 9-95   32.46  

- Diluted earnings per share (sen) N/A   31.62  

Dividends per share (sen) 3.00   7.00  

 
  2008
RM
  2007
RM
 
 
ASSETS
 
Non-current assets
Property, plant and equipment 14,543,200   14,755,302  
Investment properties 87,698,313   88,011,005  
Other investments 8,554,000   8,554,000  
Intangible assets 33,604,364   33,604,364  
Land held for property development 29,335,930   21,135,734  

  173,735,807   166,060,405  

 
Current assets
Property development costs 13,798,747   15,530,073  
Inventories 1,897,679   6,872,205  
Trade receivables 100,695,411   131,038,433  
Amounts due from contract customers 152,200,283   122,562,566  
Other receivables, deposits and prepayments 12,745,599   15,355,978  
Tax recoverable 3,962,152   5,213,254  
Cash and bank balances 18,096,953   24,347,850  

  303,396,824   320,920,359  

TOTAL ASSETS 477,132,631   486,980,764  

 
EQUITY AND LIABILITIES
 
Equity attributable to equity holders of the Company        
Share capital 124,089,450   123,911,450  
Reserves 98,452,166   92,441,555  

Total equity 222,541,616   216,353,005  

 
Non-current liabilities
Hire purchase payables 1,882,386   1,689,485  
Loans 43,188,427   88,187,999  
Deferred tax liabilities 532,340   496,574  

  45,603,153   90,374,058  

 
Current liabilities
Trade payables 86,630,607   83,608,826  
Amounts due to contract customers 4,265,309   10,933,336  
Progress billings in respect of property development costs 12,068,033   12,291,339  
Other payables, deposits and accruals 27,527,298   32,342,780  
Hire purchase payables 2,082,243   1,911,455  
Bank overdraft 7,982,303   3,872,361  
Other bank borrowings 68,425,872   29,243,744  
Provision for taxation 6,197   6,049,860  

  208,987,862   180,253,701  

Total liabilities 254,591,015   270,627,759  

TOTAL EQUITY AND LIABILITIES 477,132,631   486,980,764  

 
  2008
RM
  2007
RM
 
 
CASH FLOWS FROM OPERATING ACTIVITIES
 
Profit before taxation 18,607,593   52,810,181  
 
Adjustments for:-
 
Deposits forfeited -   (3,500)  
Depreciation 3,922,348   3,740,482  
ESOS expenses 95,185   203,535  
Fair value adjustments on investment properties -   (38,506,961)  
Gain on disposal of investment properties (144,444)   (264,800)  
Gain on disposal of property, plant and equipment (774,000)   (481,948)  
Intangible asset written off -   33,450,999  
Interest expense 8,027,686   9,784,286  
Interest income (822,315)   (826,886)  
Property, plant and equipment written off -   36,389  
Short-term accumulating compensated absences (247,256)   59,482  

Operating profit before working capital changes 28,664,797   60,001,259  
 
Decrease / (Increase) in property development costs 1,731,326   (3,817,767)  
Decrease in inventories 4,974,526   27,343,273  
Decrease / (Increase) in trade receivables 30,343,022   (52,796,150)  
(Increase) / Decrease in amounts due from contract customers (29,637,717)   1,641,430  
Decrease / (Increase) in other receivables, deposits and prepayments 2,610,379   (12,295,878)  
Increase / (Decrease) in trade payables 3,021,781   (13,876,038)  
(Decrease) / Increase in amounts due to contract customers (6,668,027)   6,217,129  
(Decrease) / Increase in progress billings (223,306)   1,013,702  
(Decrease) / Increase in other payables, deposits and accruals (4,568,226)   26,404,825  
  1,583,758   (20,165,474)  

Cash generated from operations 30,248,555   39,835,785  
 
Income tax paid (11,738,520)   (12,802,780)  
 
Income tax refund 717,392   433,323  

Net cash generated from operating activities 19,227,427   27,466,328  

 
CASH FLOWS FROM INVESTING ACTIVITIES
 
Increase in development expenditure (8,200,196)   (1,395,549)  
Proceeds from disposal of investment properties 1,256,124   1,267,800  
Proceeds from disposal of property, plant and equipment 774,000   889,400  
Purchase of investment -   (4,000,000)  
Purchase of investment properties (798,988)   (10,776,995)  
Purchase of property, plant and equipment (1,121,246)   (9,028,070)  
Interest received 822,315   826,886  
Net cash used in investing activities (7,267,991)   (22,216,528)  

  11,959,436   5,249,800  
 
CASH FLOWS FROM FINANCING ACTIVITIES
 
Fixed deposits (pledged) / uplifted (108,171)   218,286  
Proceeds from issuance of ordinary shares 178,000   161,000  
Loan raised 85,520   39,901,000  
Repayment of term loans (5,902,964)   (15,778,142)  
Repayment of hire purchase payables (2,225,311)   (2,260,951)  
Interest paid (8,027,686)   (7,941,223)  
Dividend paid (6,427,834)   (4,516,892)  
Net cash (used in) / generated from financing activities (22,428,446)   9,783,078  

Net (decrease) / increase in cash and cash equivalents (10,469,010)   15,032,878  
Cash and cash equivalents brought forward 17,189,089   2,156,211  

Cash and cash equivalents carried forward 6,720,079   17,189,089  

 

 

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