|
|
|
|
Group |
Group |
|
2009 |
2008 |
| RM |
RM |
| Continuing operation |
|
|
| Revenue |
92,340,834 |
102,330,591 |
| Other operating income |
979,298 |
533,185 |
| Advertising expenses |
(1,382,650) |
(977,313) |
| (Allowance)/Writeback of doubtful debts |
(69,016) |
321,501 |
| Contract and outsourcing cost |
(15,972,842) |
(15,002,522) |
| Depreciation |
(1,354,280) |
(1,465,325) |
| Rental of office and equipment |
(1,498,941) |
(1,208,906) |
| Staff costs |
(27,338,513) |
(28,858,352) |
| Telecommunication expenses |
(907,627) |
(891,483) |
| Traveling expenses |
(531,055) |
(775,779) |
| Other operating expenses |
(8,693,109) |
(8,209,470) |
|
 |
|
| Results from operating activities |
35,572,099 |
45,796,127 |
| Interest income |
991,613 |
1,349,518 |
| Reversal/(Allowance) for diminution in value on other investments |
1,765,946 |
(1,924,927) |
| Impairment losses on investments in a subsidiary and an associate |
(700,000) |
(3,400,000) |
| Finance costs |
(18,741) |
(19,557) |
| Gain on disposal of subsidiary |
66,272 |
- |
| Loss on disposal of equity interest in an associate |
- |
(1,311,810) |
|
|
|
| Operating profit |
37,677,189 |
40,489,351 |
| Share of loss after tax and minority interest of equity accounted associates and jointly-controlled entities |
(1,052,597) |
(571,595) |
|
|
|
| Profit before tax |
36,624,592 |
39,917,756 |
| Tax expense |
(7,378,695) |
(4,942,860) |
|
|
|
| Profit for the year |
29,245,897 |
34,974,896 |
|
|
|
| Attributable to: | |
|
| Shareholders of the Company |
27,687,155 |
32,808,782 |
| Minority interest |
1,558,742 |
2,166,114 |
|
|
|
| Profit for the year |
29,245,897 |
34,974,896 |
|
|
|
| | |
|
| Basic earnings per ordinary share (sen) |
8.90 |
10.60 |
| | |
|
| Diluted earnings per ordinary share (sen) |
8.79 |
10.33 |
| |
|
|
|
|
|
|
Group |
Group |
|
2009 |
2008 |
|
RM |
RM |
| Assets |
|
|
| Property and equipment |
13,517,753 |
13,994,133 |
| Intangible assets |
2,978,047 |
2,978,047 |
| Investments in subsidiaries |
- |
- |
| Investments in an associate and jointly-controlled entities |
5,654,723 |
7,379,228 |
| Other investments |
65,755,384 |
33,601,331 |
| Deferred tax assets |
143,088 |
165,686 |
|
|
|
| Total non-current assets |
88,048,995 |
58,118,425 |
|
|
|
| |
|
|
| Other investments |
8,305,231 |
18,022,186 |
| Receivables, deposits and prepayments |
11,000,934 |
11,516,127 |
| Tax recoverable |
1,500 |
- |
| Cash and cash equivalents |
50,640,907 |
51,119,836 |
|
|
|
| Total current assets |
69,948,572 |
80,658,149 |
|
|
|
| Total assets |
157,997,567 |
138,776,574 |
|
|
|
| |
|
|
| Equity |
|
|
| Share capital |
62,988,580 |
62,174,880 |
| Reserves |
2,226,422 |
3,544,777 |
| Retained earnings |
61,977,511 |
43,523,678 |
|
|
|
| Total equity attributable to shareholders of
the Company |
127,192,513 |
109,243,335 |
| Minority interest |
3,057,548 |
1,607,384 |
|
|
|
| Total equity |
130,250,061 |
110,850,719 |
|
|
|
| |
|
|
| Liabilities |
|
|
| Deferred tax liabilities |
215,346 |
16,431 |
| Loans and borrowings |
514,916 |
694,859 |
|
|
|
| Total non-current liabilities |
730,262 |
711,290 |
|
|
|
| |
|
|
| Deferred income |
18,218,368 |
16,233,638 |
| Payables and accruals |
6,746,308 |
8,320,705 |
| Taxation |
1,898,271 |
2,500,012 |
| Loans and borrowings |
154,297 |
160,210 |
|
|
|
| Total current liabilities |
27,017,244 |
27,214,565 |
|
|
|
| Total liabilities |
27,747,506 |
27,925,855 |
|
|
|
|
|
|
| Total equity and liabilities |
157,997,567 |
138,776,574 |
|
|
|
| |
|
|
|
|
|
|
Group |
Group |
|
2009 |
2008 |
| RM | RM |
| Cash flows from operating activities | | |
| Profit before tax |
36,624,592 |
39,917,756 |
| Adjustments for: | | |
| Depreciation |
1,354,280 |
1,465,325 |
| Property and equipment written off |
9,004 |
22 |
| Gain on disposal of property and equipment |
(471) |
(93) |
| Share-based payments |
236,701 |
763,193 |
| Share of loss after tax and minority interest of equity accounted associates and a jointly-controlled entities |
1,052,597 |
571,595 |
| Dividend income |
(2,214,039) |
(1,150,964) |
| Loss on disposal of the equity interest in an associate |
- |
1,311,810 |
| Gain on disposal of the equity interest in a subsidiary |
(66,272) |
- |
| Interest income |
(991,613) |
(1,349,518) |
| Finance costs |
18,741 |
19,557 |
| Gain on disposal of investments in unit trusts |
(32,488) |
- |
| Investment distribution income |
(223,824) |
(437,799) |
| Impairment loss for investment in subsidiaries |
- |
- |
| Impairment loss for investment in an associate |
700,000 |
3,400,000 |
| (Reversal)/Allowance for diminution in value on other investments |
(1,765,946) |
1,924,927 |
| Unrealised foreign exchange (gain)/ loss |
(107,790) |
16,741 |
|
|
|
| Operating profit before working capital changes |
34,593,472 |
46,452,552 |
| Changes in working capital: | | |
| Receivables, deposits and prepayments |
641,144 |
(369,738) |
| Deferred income |
1,881,649 |
4,046,982 |
| Payables and accruals |
(739,908) |
(523,757) |
|
|
|
| Cash generated from operations |
36,376,357 |
49,606,039 |
| Income tax paid |
(7,531,686) |
(4,223,865) |
| Interest received |
991,613 |
1,349,518 |
| Finance costs |
(18,741) |
(19,557) |
|
|
|
| Net cash generated from operating activities |
29,817,543 |
46,712,135 |
|
|
|
| |
|
|
| Cash flows from investing activities | | |
| Acquisition of subsidiaries, net of cash acquired |
(111,325) |
510,089 |
| Acquisition of an associate |
- |
(8,487,984) |
| Acquisition of a jointly-controlled entity |
- |
(453,477) |
| Disposal of subsidiaries, net cash outflow |
(33,493) |
- |
| Investment distribution income received |
223,824 |
437,799 |
| Acquisition of other investments |
(30,472,850) |
(24,618,516) |
| Purchase of property and equipment |
(916,734) |
(1,795,957) |
| Purchase of treasury shares |
(2,624,300) |
(1,280) |
| Proceeds from disposal of property and equipment |
1,644 |
20,327 |
| Proceeds from redemption of investments in quoted unit trusts |
9,861,007 |
- |
| Dividends received from a subsidiary |
- |
- |
| Dividends received from an associate |
- |
445,879 |
| Dividends received from other investments |
1,945,642 |
1,150,964 |
|
|
|
| Net cash (used in) /from investing activities |
(22,126,585) |
(32,792,156) |
|
|
|
| Cash flows from financing activities | | |
| Dividends paid to shareholders of the Company |
(9,367,200) |
(17,041,302) |
| Dividends paid to minority shareholders |
(839,152) |
(2,327,288) |
| Proceeds from issuance of shares pursuant to ESOS |
1,902,601 |
1,924,641 |
| Repayment of borrowings |
(150,679) |
(106,807) |
|
|
|
| Net cash used in financing activities |
(8,454,430) |
(17,550,756) |
|
|
|
| Net (decrease)/increase in cash and cash equivalents |
(763,472) |
(3,630,777) |
| | | |
| Cash and cash equivalents at beginning of the year |
51,119,836 |
54,480,359 |
| | | |
| Effects of exchange rate changes on cash and cash equivalents | 284,543 | 270,254 |
| | | |
|
|
|
| Cash and cash equivalents at end of year |
50,640,907 | 51,119,836 |
|
|
|
| Cash and cash equivalents comprise: | | |
| Deposits with licensed banks |
37,706,253 |
43,955,043 |
| Cash and bank balances |
12,934,654 |
7,164,793 |
|
|
|
|
50,640,907 |
51,119,836 |
|
|
|
|
|
|
|
