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Balance Sheets

  Note 2015
RM'000
2016
RM'000
 
Assets  
Property plant and equipment 3 269,290 276,241  
Investment property 4 1,000 -  
Intangible assets 5 8,810 12,727  
Investment in a subsidiary 6 - -  
Deferred tax assets 7 - 6,313  
Trade and other receivables 8 - -  
Total non-current assets   279,100 295,281  
 
Current tax assets   1,771 10,236  
Inventories 9 103,467 139,101  
Trade and other receivables 8 105,598 101,031  
Cash and cash equivalents 10 143,510 114,814  
    354,346 365,182  
Asset held for sale 11 - 1,000  
Total current assets   354,346 366,182  
Total assets   633,446 661,463  
 
Equity  
Share capital 12.1 139,478 139,478  
Reserves   193,483 193,772  
Retained earnings   116,757 121,266  
Equity attributable to owners
of the Company
12 449,718 454,516  
 
Liabilities  
Loans and Borrowings 13 103,809 91,798  
Deferred tax liabilities 7 5,207 11,993  
Total non-current liabilites   109,016 103,791  
 
Loands and Borrowings 13 18,947 21,798  
Trade and other payables 14 55,765 81,658  
Total current liabilities   74,712 103,156  
Total liabilities   183,728 206,947  
Total equity and liabilities   633,446 661,463  

Income Statements

  Note 2015
RM'000
2016
RM'000
 
Revenue 15 269,794 312,940  
Cost of sales   (140,882) (168,808)  
 
Gross profit   128,912 144,132  
Other income   4,635 818  
Distribution and marketing expenses   (43,064) (64,887)  
Administrative expenses   (35,037) (44,409)  
Other expenses   (5,261) (2,859)  
 
Results from operating activities 16 50,185 32,795  
Finance income 17 1,384 4,234  
Finance cost 18 (3,740) (5,550)  
 
Profit before tax   47,829 31,479  
Tax expense 20 (11,438) (4,653)  
 
Profit for the year   36,391 26,826  
Foreign currency translation differences for foreign operations   (722) 289  
Total comprehensive income for the year attributable to the owners of the company   35,669 27,115  
Basic and diluted earnings per ordinary share (sen) 21 18.05 9.62  

Cash Flow Statements

  Note 2015
RM'000
2016
RM'000
 
Cash flows from investing activities  
Acquisition of property, plant and equipment 3 (40,004) (34,259)  
Acquisition of intangible assets 5 (1,413) (424)  
Asquisition of subsidiaries 28 (108,849) -  
Dividends received   - -  
Interest received 17 1,384 4,234  
Proceeds from disposal of Brand   1,600 -  
Net cash (used in) / generated from investing activities   (147,282) (30,449)  
 
Cash flow from financing activities        
Dividend paid to owners of the Company 22 (31,383) (22,317)  
Proceeds from borrowing   245,490 11,498  
Proceeds from issue of ordinary shares   251,063 -  

Payment of expenses relating to issuance of ordinary shares

  (1,425) -  

Proceeds from sale of treasury shares

  2,172 -  

Payment of expenses relating to-issuance of treasury shares

  (8) -  

Repayment of loan and borrowing

  (141,822) (20,958)  

Net cash used in financing activities

  324,087 (31,777)  
 
Exchange differences on translation of financial statement of foreign operations   (722) 289  
Net (decrease) / increase in cash and cash equivalents   125,207 (28,696)  
Cash and cash equivalents at 1 January   18,303 143,510  
Cash and cash equivalents at 31 December (i) 143,510 114,814  
 
Cash and cash equivalents  
(i) Cash and equivalents included in the statement of cash flow comprise the following statement of financial position amounts:   47,510 33,404  
Cash and bank balances 10 96,000 81,410  
Highly liquid investement with financial institutions 10.1 143,510 114,814  

Balance Sheets

  Note 2015
RM'000
2016
RM'000
2013
RM'000
Assets  
Property plant and equipment 3 - -  
Investment property 4 - -  
Intangible assets 5 - -  
Investment in a subsidiary 6 208,505 208,505  
Deferred tax assets 7 - -  
Trade and other receivables 8 151,172 142,722  
Total non-current assets   359,677 351,227  
 
Current tax assets   514 1,283  
Inventories 9 - -  
Trade and other receivables 8 2,856 14,750  
Cash and cash equivalents 10 101,945 82,130  
    105,315 98,163  
Asset held for sale 11 - -  
Total current assets   105,315 98,163  
Total assets   464,992 449,390  
 
Equity  
Share capital 12.1 139,478 139,478  
Reserves   194,205 194,205  
Retained earnings   19,341 13,634  
Equity attributable to owners
of the Company
12 353,024 347,317  
 
Liabilities  
Loans and Borrowings 13 103,809 91,798  
Deferred tax liabilities 7 - -  
Total non-current liabilites   103,809 91,798  
 
Loands and Borrowings 13 7,989 10,000  
Trade and other payables 14 170 275  
Total current liabilities   8,159 10,275  
Total liabilities   111,968 102,073  
Total equity and liabilities   464,992 449,390 105,403

Income Statements

  Note 2015
RM'000
2016
RM'000
2013
RM'000
Revenue 15 28,500 13,093  
Cost of sales   - -  
 
Gross profit   28,500 13,093  
Other income   2,750 -  
Distribution and marketing expenses   - -  
Administrative expenses   (3,131) -  
Other expenses   - (1,088)  
 
Results from operating activities 16 28,119 12,005  
Finance income 17 5,202 9,629  
Finance cost 18 (2,928) (4,755)  
 
Profit before tax   30,393 16,879  
Tax expense 20 (555) (269)  
 
Profit for the year   29,838 16,610  
Foreign currency translation differences for foreign operations   - -  
Total comprehensive income for the year attributable to the owners of the company   29,838 16,610 24,574

Cash Flow Statements

  Note 2015
RM'000

2016
RM'000

2013
RM'000
Cash flows from investing activities  
Acquisition of property, plant and equipment 3 - -  
Acquisition of intangible assets 5 - -  
Asquisition of subsidiaries 28 (168,318) -  
Dividends received   28,500 13,093  
Interest received 17 5,202 9,629  
Proceeds from disposal of Brand   - -  
Net cash (used in) / generated from investing activities   134,616 22,722  
 
Cash flow from financing activities        
Dividend paid to owners of the Company 22 (31,383) (22,317)  
Proceeds from borrowing   245,123 -  
Proceeds from issue of ordinary shares   251,063 -  

Payment of expenses relating to issuance of ordinary shares

  (1,425) -  

Proceeds from sale of treasury shares

  2,175 -  

Payment of expenses relating to-issuance of treasury shares

  (8) -  

Repayment of loan and borrowing

  (133,325) (10,000)  

Net cash used in financing activities

  332,217 (32,317)  
 
Exchange differences on translation of financial statement of foreign operations     -  
Net (decrease) / increase in cash and cash equivalents   101,815 (19,815)  
Cash and cash equivalents at 1 January   130 101,945  
Cash and cash equivalents at 31 December (i) 101,945 82,130  
 
Cash and cash equivalents  
(i) Cash and cash equivalents included in the statement of cash flow comprise the following statement of financial position amounts:        
Cash and bank balances 10 5,945 720  
Highly liquid investement with financial institutions 10.1 96,000 81,410  
    101,945 82,130 467

Last updated : 14 Jun 2017

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