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Financial Info
CONDENSED CONSOLIDATED INCOME STATEMENTS
| For The Quarter Ended 30 September 2008 |
Unaudited
Individual Quarter |
Unaudited
Cumulative Quarters |
Current Quarter
Ended |
Preceding Year
Corresponding Quarter |
Current Year
To Date |
Preceding Year
Corresponding Period |
30 Sept 08
Rm'000 |
30 Sept 07
Rm'000 |
30 Sept 08
Rm'000 |
30 Sept 07
Rm'000 |
| Revenue |
78,927 |
61,480 |
206,289 |
270,836 |
| Cost of Sales |
(26,345) |
(19,643) |
(65,783) |
(62,651) |
| Gross Profit |
52,582 |
41,837 |
140,506 |
208,185 |
| Other Income |
1,532 |
1,143 |
4,294 |
3,105 |
| Selling and Marketing Expenses |
(467) |
(366) |
(687) |
(1,121) |
| Administrative Expenses |
(2,877) |
(2,865) |
(8,722) |
(8,250) |
| Other Expenses |
(3,069) |
(2,453) |
(8,206) |
(10,665) |
| Finance Costs |
(26,049) |
(26,735) |
(78,149) |
(83,341) |
| Profit Before Tax |
21,652 |
10,561 |
49,036 |
107,913 |
| Income Tax Expense |
(6,795) |
(3,665) |
(12,878) |
(31,289) |
| Profit After Tax |
14,857 |
6,896 |
36,158 |
76,624 |
Attribute To:
Equity Holders of The Parent Minority Interest |
10,147
4,710 |
4,283
2,613 |
25,239
10,919 |
69,525
7,099 |
| |
14,857 |
6,896 |
36,158 |
76,624 |
Earning Per Share Attribute To Equity Holders of The Parent (Sen) :
Basic, For Profit For The Period |
4.59 |
1.92 |
11.43 |
31.11 |
The Condensed Consolidated Income Statements should be read in conjunction with the Audited Financial Statements for the financial year ended 31 December 2007 and the accompanying explanatory notes attached to the interim financial statements.
CONDENSED CONSOLIDATED BALANCE SHEET
| As at 30 September 2008 |
Unaudited As At
30 Sept 08
Rm'000 |
Audited As At
31 Dec 07
Rm'000 |
| ASSETS |
| NON-CURRENT ASSETS |
| Property, Plant and Equipment |
5,407 |
5,971 |
| Land Held For Property Development |
51,568 |
51,568 |
| Goodwill On Consolidation |
133,313 |
140,879 |
| Concession Income Receivables |
1,020,066 |
1,045,812 |
| Deferred tax Assets |
237 |
151 |
| CURRENT ASSETS |
Property Development Costs
Trade and Other Receivables
Tax Recoverable
Deposits, Cash and Bank Balances |
91,978
174,274
951
184,415 |
91,776
167,336
993
235,595 |
| |
451,618 |
495,700 |
| TOTAL ASSETS |
1,662,209 |
1,740,081 |
| EQUITY AND LIABILITIES |
| Share Capital |
223,509 |
223,509 |
| Treasury Shares |
(6,494) |
- |
| Share Premium |
103,563 |
103,563 |
| Accumulated Loss |
(25,975) |
(40,196) |
| Total Equity Attributable To Equity Holders of The Parent |
294,603 |
286,876 |
| Minority Interest |
17,757 |
6,838 |
| TOTAL EQUITY |
312,360 |
293,714 |
| NON-CURRENT LIABILITIES |
Trade Payables
Long Term Borrowings
Deffered Taxation
Hire Purchase Payables |
74,215
1,045,933
30,093
200 |
74,215
1,088,095
30,094
759 |
| |
1,150,441 |
1,193,163 |
| CURRENT LIABILITIES |
Trade and Other Payables
Short Term Borrowings
Hire Purchase Payables
Provision for Taxation |
59,854
128,042
636
10,876 |
118,794
128,042
301
6,067 |
| |
199,408 |
253,204 |
| TOTAL LIABILITIS |
1,349,849 |
1,446,367 |
| TOTAL EQUITY AND LIABILITIES |
1,662,209 |
1,740,081 |
| NET ASSETS PER SHARE ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT (RM) |
1.33 |
1.28 |
The Condensed Consolidated Balance Sheet should be read in conjunction with the Audited Financial Statements for the financial year ended 31 December 2007 and the accompanying explanatory notes attached to the interim financial statements.
Review of Performance
The Group achieved a revenue of RM206.29 million for the current financial period ended 30 September 2008. The revenue is attributed to the annuity interest income arising from the completion and handover of the teachers' quarters and the sales from the property development. The Group's profit before tax for the same financial period is RM49.04 million. It is mainly derived from the teachers' quarters and the development projects in the subsidiaries. |
