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

The information is retrieved from 2009 's Annual Report

 
  2009
RM
  2008
RM
 
 
Revenue 329,563,766   270,275,129  
 
Cost of sales (288,685,363)   (229,091,889)  

Gross profit 40,878,403   41,183,240  
 
Other operating income 2,519,245   2,849,240  

  43,397,648   44,032,480  
 
Administrative expenses (17,544,533)   (17,397,201)  

Profit from operations 25,853,115   26,635,279  
 
Finance costs (8,288,430)   (8,027,686)  

Profit before taxation 17,564,685   18,607,593  
 
Income tax expense (6,578,127)   (6,264,333)  

Profit after taxation 10,986,558   12,343,260  

 
Earnings per share attributable to equity holders of the Company (sen):-        
- Basic 8-85   9-95  

- Diluted N/A   N/A  

Dividends per share (sen) 4-00   3-00  

 
  2009
RM

  2008
RM
(Restated)
 
 
ASSETS
 
Non-current assets
Property, plant and equipment 27,344,217   14,854,508  
Prepaid land lease payments 38,206,376   -  
Investment properties 83,851,004   83,851,004  
Other investments 4,054,000   8,554,000  
Goodwill on consolidation 33,604,364   33,604,364  
Land held for property development 15,116,013   29,335,930  

  202,175,974   170,199,806  

 
Current assets
Property development costs 20,858,249   13,798,747  
Inventories 2,015,000   5,433,680  
Trade receivables 106,439,757   100,695,411  
Amounts due from contract customers 157,791,041   152,200,283  
Other receivables, deposits and prepayments 17,808,754   12,745,599  
Tax recoverable 4,523,832   3,962,152  
Cash and bank balances 23,428,998   18,096,953  

  332,865,631   306,932,825  

TOTAL ASSETS 535,041,605   477,132,631  

 
EQUITY AND LIABILITIES
 
Equity attributable to equity holders of the Company        
Share capital 124,089,450   124,089,450  
Reserves 106,691,593   98,452,166  

Total equity 230,781,043   222,541,616  

 
Non-current liabilities
Loans 108,510,322   43,188,427  
Hire purchase payables 2,640,752   1,882,386  
Deferred tax liabilities 294,709   532,340  

  111,445,783   45,603,153  

 
Current liabilities
Trade payables 108,810,119   86,630,607  
Amounts due to contract customers 662,767   4,265,309  
Progress billings in respect of property development costs 14,689,461   12,068,033  
Other payables, deposits and accruals 24,651,779   27,527,298  
Hire purchase payables 2,407,021   2,082,243  
Bank overdraft 10,768,620   7,982,303  
Other bank borrowings 30,820,458   68,425,872  
Provision for taxation 4,554   6,197  

  192,814,779   208,987,862  

Total liabilities 304,260,562   254,591,015  

TOTAL EQUITY AND LIABILITIES 535,041,605   477,132,631  

 
  2009
RM

  2008
RM
(Restated)
 
 
CASH FLOWS FROM OPERATING ACTIVITIES
 
Profit before taxation 17,564,685   18,607,593  
 
Adjustments for:-
 
Allowance for diminution in value 4,500,000   -  
Amortisation of prepaid land lease payments 101,075   -  
Depreciation 4,053,485   3,922,348  
ESOS expenses 44,882   95,185  
Gain on disposal of property, plant and equipment (509,700)   (774,000)  
Interest expense 8,288,430   8,027,686  
Interest income (267,041)   (822,315)  
Short-term accumulating compensated absences (32,872)   (247,256)  

Operating profit before working capital changes 33,742,944   28,809,241  
 
(Increase) / Decrease in property development costs (7,059,502)   1,731,326  
Decrease in inventories 3,418,680   5,287,218  
(Increase) / Decrease in trade receivables (5,744,346)   30,343,022  
Increase in amounts due from contract customers (5,590,758)   (29,637,717)  
(Increase) / Decrease in other receivables, deposits and prepayments (5,063,155)   2,610,379  
Increase in trade payables 22,179,512   3,021,781  
Decrease in amounts due to contract customers (3,602,542)   (6,668,027)  
Increase / (Decrease) in progress billings 2,621,428   (223,306)  
Decrease in other payables, deposits and accruals (2,842,647)   (4,568,226)  
  (1,683,330)   1,896,450  

Cash generated from operations 32,059,614   30,705,691  
 
Income tax paid (7,379,081)   (11,738,520)  
Income tax refund -   717,392  

Net cash generated from operating activities 24,680,533   19,684,563  

 
CASH FLOWS FROM INVESTING ACTIVITIES
 
Decrease / (Increase) in development expenditure 5,138,380   (8,200,196)  
Proceeds from disposal of property, plant and equipment 509,700   774,000  
Purchase of property, plant and equipment (3,527,831)   (1,121,246)  
Purchase of leasehold land (38,307,451)   -  
Interest received 267,041   822,315  
Net cash used in investing activities (35,920,161)   (7,725,127)  

  (11,239,628)   11,959,436  
 
CASH FLOWS FROM FINANCING ACTIVITIES
 
Fixed deposits uplifted / (pledged) 265,408   (108,171)  
Proceeds from issuance of ordinary shares -   178,000  
Loan raised 75,533,000   85,520  
Repayments of term loans (47,816,519)   (5,902,964)  
Repayments of hire purchase payables (2,850,682)   (2,225,311)  
Interest paid (8,288,430)   (8,027,686)  
Dividends paid (2,792,013)   (6,427,834)  
Net cash generated from / (used in) financing activities 14,050,764   (22,428,446)  

Net increase / (decrease) in cash and cash equivalents 2,811,136   (10,469,010)  
Cash and cash equivalents brought forward 6,720,079   17,189,089  

Cash and cash equivalents carried forward 9,531,215   6,720,079  

 

 

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