|
|
|
|
Group |
Group |
| 2007 |
2006 |
| RM |
RM |
| Continuing Operation |
|
|
| Revenue |
83,079,137 |
65,743,858 |
| Other operating income | 480,903 |
78,446 |
| Advertising expenses | (1,240,618) |
(1,460,738) |
| (Allowance)/Writeback for doubtful debts | 524,024 |
(348,897) |
| Contract and outsourcing cost | (14,671,196) |
(13,804,935) |
| Depreciation | (1,455,794) |
(1,161,524) |
| Rental of office | (904,649) |
(819,012) |
| Staff costs | (23,399,452) |
(18,949,917) |
| Telecommunication expenses | (464,094) |
(563,097) |
| Traveling expenses | (851,096) |
(820,742) |
| Other operating expenses | (9,673,241) |
(7,028,855) |
|
 |
|
| Results from operating activities | 31,423,924 |
20,864,587 |
| Interest income | 1,094,852 |
801,182 |
| Finance costs | (7,802) |
- |
| Gain on deemed disposal of equity interest in | |
|
| - a subsidiary | - |
3,294,567 |
| - an associate | - |
24,832 |
|
|
|
| Operating profit | 32,510,974 |
24,985,168 |
| Share of profit/(loss) after tax and minority interest of equity accounted associates and a jointly-controlled entity |
1,151,759 |
(88,934) |
|
|
|
| Profit before tax | 33,662,733 |
24,896,234 |
| Tax expense | (3,379,481) |
(2,267,789) |
|
|
|
| Profit for the year | 30,283,252 |
22,628,445 |
|
|
|
| Attributable to: | |
|
| Shareholders of the Company | 28,886,030 |
21,709,231 |
| Minority interest | 1,397,222 |
919,214 |
|
|
|
| Profit for the year | 30,283,252 |
22,628,445 |
|
|
|
| | |
|
| Basic earnings per ordinary share (sen) | 9.44 |
7.15 |
| | |
|
| Diluted earnings per ordinary share (sen) | 9.08 |
6.89 |
| |
|
|
|
|
|
|
Group |
Group |
|
2007 |
2006 |
|
RM |
RM |
| Assets |
|
|
| Property and equipment |
13,690,082 |
13,833,791 |
| Intangible assets |
2,978,047 |
2,808,856 |
| Investments in subsidiaries |
- |
- |
| Investments in associates and a jointly-controlled entity |
10,906,896 |
4,198,910 |
| Other investments |
- |
- |
| Deferred tax assets |
206,720 |
693,328 |
|
|
|
| Total non-current assets |
27,781,745 |
21,534,885 |
|
|
|
| |
|
|
| Other investments |
21,921,243 |
10,021,285 |
| Receivables, deposits and prepayments |
10,277,180 |
10,188,886 |
| Current tax assets |
177,457 |
177,946 |
| Cash and cash equivalents |
54,480,359 |
36,325,147 |
|
|
|
| Total current assets |
86,856,239 |
56,713,264 |
|
|
|
| Total assets |
114,637,984 |
78,248,149 |
|
|
|
| |
|
|
| Equity |
|
|
| Share capital |
61,441,920 |
20,306,500 |
| Reserves |
676,124 |
8,051,539 |
| Retained earnings |
23,053,142 |
31,894,290 |
|
|
|
| Total equity attributable to shareholders of the Company |
85,171,186 |
60,252,329 |
| Minority interest |
1,248,173 |
1,123,690 |
|
|
|
| Total equity |
86,419,359 |
61,376,019 |
|
|
|
| |
|
|
| Liabilities |
|
|
| Deferred tax liabilities |
68,867 |
8,925 |
|
|
|
| Total non-current liabilities |
68,867 |
8,925 |
|
|
|
| |
|
|
| Deferred income |
12,128,628 |
7,750,996 |
| Payables and accruals |
14,145,529 |
8,294,651 |
| Taxation |
1,875,601 |
817,558 |
|
|
|
| Total current liabilities |
28,149,758 |
16,863,205 |
|
|
|
| Total liabilities |
28,218,625 |
16,872,130 |
|
|
|
|
|
|
| Total equity and liabilities |
114,637,984 |
78,248,149 |
|
|
|
| |
|
|
|
|
|
|
Group |
Group |
|
2007 |
2006 |
|
RM |
RM |
| Cash flows from operating activities |
|
|
| Profit before tax |
33,662,733 |
24,896,234 |
| Adjustments for: |
|
|
| Depreciation |
1,455,794 |
1,161,524 |
| Impairment of goodwill |
160,366 |
|
| Property and equipment written off |
1,139 |
361 |
| (Gain)/Loss on disposal of property and equipment |
(1,868) |
476 |
| Share-based payments |
412,700 |
392,020 |
| Share of (profit)/loss after tax and minority interest of
equity accounted associates and a jointly-control entity |
(1,151,759) |
88,934 |
| Dividend income |
- |
- |
| Gain on deemed disposal of equity interest of |
|
|
| - a subsidiary |
- |
(3,294,567) |
| - an associate |
- |
(24,832) |
| Interest income |
(1,094,852) |
(801,182) |
| Gain on disposal of investments in unit trusts |
(236,228) |
- |
| Investment distribution income |
(709,259) |
(230,480) |
| Impairment loss for other investments |
226,122 |
- |
| Impairment loss for investment in a jointly-controlled entity |
438,012 |
- |
| Unrealised foreign exchange loss |
84,658 |
98,910 |
|
|
|
| Operating profit before working capital
changes |
33,247,558 |
22,287,398 |
| Changes in working capital: |
|
|
| Receivables, deposits and prepayments |
408,336 |
(577,623) |
| Deferred income |
4,288,889 |
1,849,442 |
| Payables and accruals |
3,681,017 |
2,427,523 |
|
|
|
| Cash generated from/(used in) operations |
41,625,800 |
25,986,740 |
| Income tax paid |
(2,047,338) |
(1,046,349) |
| Interest received |
1,094,852 |
801,182 |
|
|
|
| Net cash from/(used in) operating activities |
40,673,314 |
25,741,573 |
|
|
|
| |
|
|
| Cash flows from investing activities |
|
|
| Acquisition of subsidiaries, net of cash acquired |
491,740 |
(54,327) |
| Acquisition of an associate |
(6,885,260) |
(336,155) |
| Acquisition of intellectual property |
(330,000) |
- |
| Disposal of equity interest of a subsidiary, net cash outflow |
- |
(66,675) |
| Increase in investment in a subsidiary |
- |
- |
| Investment distribution income received |
709,259 |
230,480 |
| Acquisition of other investments |
(18,889,852) |
(10,021,285) |
| Issuance of shares to minority interest |
- |
437,640 |
| Purchase of property and equipment |
(1,337,287) |
(2,978,981) |
| Proceeds from disposal of property and equipment |
6,312 |
15,712 |
| Proceeds from redemption of investments in quoted unit trusts |
7,000,000 |
- |
| Dividends received |
- |
- |
|
|
|
| Net cash (used in) /from investing
activities |
(19,235,088) |
(12,773,591) |
|
|
|
| |
|
|
| Cash flows from financing activities |
|
|
| Dividends paid to shareholders of the Company |
(3,045,977) |
(2,538,311) |
| Dividends paid to minority shareholders |
(1,485,538) |
(1,884,957) |
| Proceeds from issuance of shares pursuant to ESOS |
1,196,640 |
1,115,100 |
| Payment of corporate restructuring expenses |
(684,269) |
- |
|
|
|
| Net cash used in financing activities |
(4,019,144) |
(3,308,168) |
|
|
|
| |
|
|
| Net increase/(decrease) in cash and cash
equivalents |
17,419,082 |
9,659,814 |
| |
|
|
| Cash and cash equivalents at beginning of the
year |
36,325,147 |
26,558,381 |
| |
|
|
| Effects of exchange rate changes on cash and
cash equivalents |
736,130 |
106,952 |
| |
|
|
|
|
|
| Cash and cash equivalents at end of year |
54,480,359 |
36,325,147 |
|
|
|
| |
|
|
| Cash and cash equivalents comprise: |
|
|
| Deposits with licensed banks |
50,246,652 |
32,872,385 |
| Cash and bank balances |
4,233,707 |
3,452,762 |
|
|
|
|
54,480,359 |
36,325,147 |
|
|
|
|
|
|
|
