|
|
|
Financial Info
CONDENSED CONSOLIDATED INCOME STATEMENTS
| For The Quarter Ended 31 March 2010 |
Unaudited
Individual Quarter |
Unaudited
Cumulative Quarters |
Current Quarter
Ended |
Preceding Year
Corresponding Quarter |
Current Year
To Date |
Preceding Year
Corresponding Period |
31 Mar 10
Rm'000 |
31 Mar 09
Rm'000 |
31 Mar 10
Rm'000 |
31 Mar 09
Rm'000 |
| Revenue |
47,632 |
70,170 |
47,632 |
70,170 |
| Cost of Sales |
(16,352) |
(21,365) |
(16,352) |
(21,365) |
| Gross Profit |
31,280 |
48,805 |
31,280 |
48,805 |
| Other Income |
1,072 |
863 |
1,072 |
863 |
| Selling and Marketing Expenses |
(299) |
(145) |
(299) |
(145) |
| Administrative Expenses |
(4,631) |
(2,819) |
(4,631) |
(2,819) |
| Other Expenses |
(1,725) |
(2,783) |
(1,725) |
(2,783) |
| Finance Costs |
(24,929) |
(25,475) |
(24,929) |
(25,475) |
| Profit Before Tax |
768 |
18,446 |
768 |
18,446 |
| Income Tax Expense |
(42) |
(4,886) |
(42) |
(4,886) |
| Profit After Tax |
726 |
13,560 |
726 |
13,560 |
Attribute To:
Equity Holders of The Parent Minority Interest |
246
480 |
9,176
4,384 |
246
480 |
9,176
4,384 |
| |
726 |
13,560 |
726 |
13,560 |
Earning Per Share Attribute To Equity Holders of The Parent (Sen) :
Basic, For Profit For The Period |
0.12 |
4.27 |
0.12 |
4.27 |
The Condensed Consolidated Income Statements should be read in conjunction with the Audited Financial Statements for the financial year ended 31 December 2009 and the accompanying explanatory notes attached to the interim financial statements.
CONDENSED CONSOLIDATED BALANCE SHEET
| As at 31 March 2010 |
Unaudited As At
31 March 10
Rm'000 |
Audited As At
31 Dec 09
Rm'000 |
| ASSETS |
| NON-CURRENT ASSETS |
| Property, Plant and Equipment |
6,884 |
6,953 |
| Land Held For Property Development |
32,062 |
32,062 |
| Goodwill On Consolidation |
121,703 |
123,156 |
| Concession Income Receivables |
999,324 |
1,005,019 |
| Deferred tax Assets |
3,111 |
2,735 |
| CURRENT ASSETS |
Property Development Costs
Inventory
Trade and Other Receivables
Tax Recoverable
Available-for-sale financial assets
Cash and Bank Balances |
176,440
416
197,161
2,533
116,946
22,009 |
175,135
416
241,827
1,333
86,371
36,063 |
| |
515,505 |
541,145 |
| TOTAL ASSETS |
1,678,589 |
1,711,070 |
| EQUITY AND LIABILITIES |
| Share Capital |
223,509 |
223,509 |
| Treasury Shares |
(8,827) |
(8,664) |
| Share Premium |
103,563 |
103,563 |
| Reatined Earnings / (Accumulated Loss) |
(4,733) |
(4,979) |
| Total Equity Attributable To Equity Holders of The Parent |
313,512 |
313,429 |
| Minority Interest |
28,361 |
27,881 |
| TOTAL EQUITY |
341,873 |
341,310 |
| NON-CURRENT LIABILITIES |
Trade and Other Payables
Long Term Borrowings
Hire Purchase Payables
Deferred Taxation |
61,046
998,698
288
31,058 |
61,046
1,030,076
165
31,058 |
| |
1,091,090 |
1,122,345 |
| CURRENT LIABILITIES |
Trade and Other Payables
Short Term Borrowings
Hire Purchase Payables
Provision for Taxation |
104,744
138,000
174
2,708 |
108,433
136,000
274
2,708 |
| |
245,626 |
247,415 |
| TOTAL LIABILITIS |
1,336,716 |
1,369,790 |
| TOTAL EQUITY AND LIABILITIES |
1,678,589 |
1,711,070 |
| NET ASSETS PER SHARE ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT (RM) |
1.47 |
1.43 |
The Condensed Consolidated Balance Sheet should be read in conjunction with the Audited Financial Statements for the financial year ended 31 December 2009 and the accompanying explanatory notes attached to the interim financial statements.
Review of Performance
The Group achieved a revenue of RM47.63 million for the current financial period ended 31 March 2010. The revenue is attributed to the sales from the property development, contract revenue and the annuity interest income arising from the completion and handover of the teachers' quarters.
The Group's profit before tax for the same financial period is approximately RM768,000. It is mainly derived from the development projects in the subsidiaries and the concession income from the teachers' quarters. |
