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

The information is retrieved from 2010 's Annual Report

 
  2010
RM
  2009
RM
 
 
Revenue 460,078,516   329,563,766  
 
Cost of sales (418,009,456)   (288,685,363)  

Gross profit 42,069,060   40,878,403  
 
Other operating income 1,846,933   2,519,245  

  43,915,993   43,397,648  
 
Administrative expenses (13,441,060)   (17,544,533)  

Profit from operations 30,474,933   25,853,115  
 
Finance costs (10,354,210)   (8,288,430)  

Profit before taxation 20,120,723   17,564,685  
 
Income tax expense (6,206,808)   (6,578,127)  

Profit for the year 13,913,915   10,986,558  
 
Other comprehensive income -   -  

Total comprehensive income for the year 13,913,915   10,986,558  

 
Profit for the year / total comprehensive income attributable to :-        
Owners of the parent 13,938,701   10,986,558  
Non-controlling interest (24,786)   -  

  13,913,915   10,986,558  

 
Earnings per share attributable to owners of the parent (sen) :-        
- Basic 11-25   8-85  

- Diluted N/A   N/A  

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

 
  2010
RM
  2009
RM
 
 
ASSETS
 
Non-current assets
Property, plant and equipment 19,895,785   27,344,217  
Prepaid land lease payments 37,802,076   38,206,376  
Investment properties 107,339,377   83,851,004  
Other investments 4,054,000   4,054,000  
Goodwill on consolidation 33,604,364   33,604,364  
Land held for property development 12,917,357   15,116,013  

  215,612,959   202,175,974  

 
Current assets
Property development costs 33,328,348   20,858,249  
Inventories 2,015,000   2,015,000  
Trade receivables 137,147,306   106,439,757  
Amounts due from contract customers 167,262,909   157,791,041  
Other receivables, deposits and prepayments 20,016,881   17,808,754  
Tax recoverable 2,166,630   4,523,832  
Cash and bank balances 5,478,195   23,428,998  

  367,415,269   332,865,631  

TOTAL ASSETS 583,028,228   535,041,605  

 
EQUITY AND LIABILITIES
 
Equity attributable to equity holders of the Company        
Share capital 124,089,450   124,089,450  
Treasury shares (181,069)   -  
Reserves 116,914,730   106,691,593  

Equity attributable to owners of the parent 240,823,111   230,781,043  
Non-controlling interest 452,277   -  

Total equity 241,275,388   230,781,043  

 
Non-current liabilities
Loans 112,785,552   108,510,322  
Hire purchase payables 4,107,574   2,640,752  
Deferred tax liabilities 361,486   294,709  

  117,254,612   111,445,783  

 
Current liabilities
Trade payables 132,467,231   108,810,119  
Amounts due to contract customers 4,152,816   662,767  
Progress billings in respect of property development costs 12,106,335   14,689,461  
Other payables, deposits and accruals 16,998,009   24,651,779  
Hire purchase payables 4,209,370   2,407,021  
Bank overdraft 19,057,212   10,768,620  
Other bank borrowings 35,440,724   30,820,458  
Provision for taxation 66,531   4,554  

  224,498,228   192,814,779  

Total liabilities 341,752,840   304,260,562  

TOTAL EQUITY AND LIABILITIES 583,028,228   535,041,605  

 
  2010
RM
  2009
RM
 
 
CASH FLOWS FROM OPERATING ACTIVITIES
 
Profit before taxation 20,120,723   17,564,685  
 
Adjustments for:-
 
Allowance for diminution in value -   4,500,000  
Amortisation of prepaid land lease payments 404,300   101,075  
Depreciation 4,436,284   4,053,485  
ESOS expenses -   44,882  
Gain on disposal of property, plant and equipment (324,015)   (509,700)  
Goodwill on acquisition 47,734   -  
Interest expense 10,354,210   8,288,430  
Interest income (156,795)   (267,041)  
Short-term accumulating compensated absences 168,256   (32,872)  

Operating profit before working capital changes 35,050,697   33,742,944  
 
(Increase) / Decrease in property development costs (12,975,222)   (7,059,502)  
(Increase) / Decrease in inventories -   3,418,680  
(Increase) / Decrease in trade receivables (17,816,700)   (5,744,346)  
(Increase) / Decrease in amounts due from contract customers (4,132,689)   (5,590,758)  
(Increase) / Decrease in other receivables, deposits and prepayments 7,883,392   (5,063,155)  
Increase / (Decrease) in trade payables 3,467,863   22,179,512  
Increase / (Decrease) in amounts due to contract customers 3,490,049   (3,602,542)  
Increase / (Decrease) in progress billings (2,583,126)   2,621,428  
Increase / (Decrease) in other payables, deposits and accruals (15,196,431)   (2,842,647)  
  (37,862,864)   (1,683,330)  

Cash (used in) / generated from operations (2,812,167)   32,059,614  
 
Income tax paid (8,159,964)   (7,379,081)  
Income tax refund 4,094,620   -  

Net cash (used in) / generated from operating activities (6,877,511)   24,680,533  

 
CASH FLOWS FROM INVESTING ACTIVITIES
(Increase) / Decrease in development expenditure 2,704,425   5,138,380  
Proceeds from disposal of property, plant and equipment 481,901   509,700  
Purchase of investment properties (11,693,213)   -  
Purchase of property, plant and equipment (1,829,515)   (3,527,831)  
Purchase of leasehold land -   (38,307,451)  
Purchase of treasury shares (181,069)   -  
Interest received 156,795   267,041  
Net cash used in investing activities (10,360,676)   (35,920,161)  

  (17,238,187)   (11,239,628)  
 
CASH FLOWS FROM FINANCING ACTIVITIES
Fixed deposits uplifted 3,107,008   265,408  
Loan raised 20,717,271   75,533,000  
Repayments of term loans (11,821,775)   (47,816,519)  
Repayments of hire purchase payables (3,826,930)   (2,850,682)  
Interest paid (10,354,210)   (8,288,430)  
Dividends paid (3,715,564)   (2,792,013)  
Net cash (used in) / generated from financing activities (5,894,200)   14,050,764  

Net increase / (decrease) in cash and cash equivalents (23,132,387)   2,811,136  
Cash and cash equivalents brought forward 9,531,215   6,720,079  

Cash and cash equivalents carried forward (13,601,172)   9,531,215  

 

 

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