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

The information is retrieved from 2011 's Annual Report

 
  2011
RM
  2010
RM
 
 
Revenue 499,849,332   460,078,516  
 
Cost of sales (453,566,094)   (418,009,456)  

Gross profit 46,283,238   42,069,060  
 
Other operating income 22,583,088   1,846,933  

  68,866,326   43,915,993  
 
Administrative expenses (17,488,049)   (13,441,060)  

Profit from operations 51,378,277   30,474,933  
 
Finance costs (14,027,954)   (10,354,210)  

Profit before taxation 37,350,323   20,120,723  
 
Tax expense (7,935,362)   (6,206,808)  

Profit for the year, representing total
  comprehensive income for the year
29,414,961   13,913,915  

 
Profit for the year / total comprehensive income
  attributable to:-
       
Owners of the parent 30,423,570   13,938,701  
Non-controlling interest (1,008,609)   (24,786)  

  29,414,961   13,913,915  

 
Earnings per share attributable to owners
  of the parent (sen):-
       
 
- Basic 24-56   11-25  

 
- Diluted N/A   N/A  

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

 
  2011
RM
  2010
RM
 
 
ASSETS
 
Non-current assets
Property, plant and equipment 17,987,367   57,697,861  
Investment properties 118,479,395   107,339,377  
Other investments 54,000   4,054,000  
Goodwill 33,604,364   33,604,364  
Land held for property development 10,977,481   12,917,357  
Deferred tax assets 464,638    

  181,567,245   215,612,959  

 
Current assets
Property development costs 38,778,384   33,328,348  
Inventories 2,015,000   2,015,000  
Trade receivables 146,156,114   137,147,306  
Amounts due from contract customers 228,787,455   167,262,909  
Other receivables, deposits and prepayments 15,416,174   20,016,881  
Tax assets 1,385,857   2,166,630  
Fixed deposits with licensed banks and short
  term investment with financial institution
13,121,810   2,846,173  
Cash and bank balances 3,595,597   2,632,022  

  449,256,391   367,415,269  

TOTAL ASSETS 630,823,636   583,028,228  

 
EQUITY AND LIABILITIES
 
Equity attributable to equity holders
  of the Company
       
Share capital 124,089,450   124,089,450  
Treasury shares (181,069)   (181,069)  
Reserves 143,622,736   116,914,730  

Equity attributable to owners of the parent 267,531,117   240,823,111  
Non-controlling interest (556,332)   452,277  

Total equity 266,974,785   241,275,388  

 
Non-current liabilities
Term loans 154,834,188   112,785,552  
Hire purchase payables 2,060,873   4,107,574  
Deferred tax liabilities 633,742   361,486  

  157,528,803   117,254,612  

 
Current liabilities
Trade payables 109,825,380   132,467,231  
Amounts due to contract customers 13,413,850   16,259,151  
Other payables, deposits received and accruals 20,152,299   16,998,009  
Hire purchase payables 3,271,679   4,209,370  
Bank overdraft 21,511,518   19,057,212  
Other bank borrowings 24,473,282   31,644,573  
Term loans 12,356,000   3,796,151  
Provision for taxation 1,316,040   66,531  

  206,320,048   224,498,228  

Total liabilities 363,848,851   341,752,840  

TOTAL EQUITY AND LIABILITIES 630,823,636   583,028,228  

 
  2011
RM
  2010
RM
 
 
CASH FLOWS FROM OPERATING ACTIVITIES
 
Profit before taxation 37,350,323   20,120,723  
 
Adjustments for:-
Depreciation of property, plant and equipment 4,670,771   4,840,584  
Gain on disposal of inventories (220,200)    
Gain on disposal of property, plant and
  equipment
(18,970,901)   (324,015)  
Excess in net fair value of Subsidiaries acquired -   47,734  
Interest expenses 14,027,954   10,354,210  
Interest income (335,105)   (156,795)  
Allowance for impairment on other investment 4,000,000    
Property development cost written off 274,806    
Short-term accumulating compensated absences (40,123)   168,256  

Operating profit before working capital changes 40,757,525   35,050,697  
 
Increase in property development costs (5,724,842)   (12,975,222)  
Increase in receivables (4,408,101)   (9,933,308)  
Increase in amounts due from contract
  customers
(61,524,546)   (4,132,689)  
Decrease in payables (19,447,438)   (11,728,568)  
(Decrease) / Increase in amounts due to
  contract customers
(2,845,301)   906,923  
  (93,950,228)   (37,862,864)  

Cash used in operations (53,192,703)   (2,812,167)  
 
Income tax paid (6,267,727)   (8,159,964)  
Income tax refunded 170,265   4,094,620  

Net cash used in operating activities (59,290,165)   (6,877,511)  
 
CASH FLOWS FROM INVESTING ACTIVITIES
 
Decrease in development expenditure 1,939,876   2,704,425  
Proceeds from disposal of property, plant and
  equipment
56,705,594   481,901  
Proceeds from disposal of inventories 220,200    
Purchase of investment properties (11,140,018)   (11,693,213)  
Purchase of property, plant and equipment (1,360,970)   (1,829,515)  
Purchase of treasury shares   (181,069)  
Interest received 335,105   156,795  
Net cash generated from / (used in) investing
  activities
46,699,787   (10,360,676)  

Balance carried forward (12,590,378)   (17,238,187)  
 
Balance brought forward (12,590,378)   (17,238,187)  
 
CASH FLOWS FROM FINANCING ACTIVITIES
 
Withdrawal of fixed deposits   3,107,008  
Fixed deposit pledged (493)    
Loan raised 89,662,918   20,717,271  
Repayments of term loans (46,225,724)   (11,821,775)  
Repayments of hire purchase payables (4,318,392)   (3,826,930)  
Interest paid (14,027,954)   (10,354,210)  
Dividends paid (3,715,564)   (3,715,564)  
Net cash generated from / (used in) financing
  activities
21,374,791   (5,894,200)  

Net increase / (decrease) in cash and cash
  equivalents
8,784,413   (23,132,387)  
Cash and cash equivalents brought forward (13,601,172)   9,531,215  

Cash and cash equivalents carried forward (4,816,759)   (13,601,172)  

 

 

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