|
|
|
|
Group |
Group |
|
2019 |
2018 |
|
RM |
RM |
| Revenue |
8,686,664 |
8,530,267 |
| Other operating income |
12,842 |
5,857 |
| Contract and outsourcing cos |
(709,609) |
(719,971) |
| Depreciation of property and equipment |
(92,296) |
(109,476) |
| Depreciation of right-of-use assets |
(36,898) |
- |
Expenses relating to short term
lease and low value assets |
(88,701) |
(94,499) |
| Staff costs |
(2,559,860) |
(2,680,219) |
| Other operating expenses |
(2,030,093) |
(1,864,854) |
|
 |
|
| Results from operating activities |
3,182,049 |
3,067,105 |
Interest income
Interest expense |
64,657
(8,029) |
37
- |
| Net interest income |
56,628 |
37 |
Loss on financial assets
classified as fair value
through profit or loss |
(22,040) |
(164,351) |
Gain/(loss) on accretion/(dilution) of
interest in an associate |
17,036 |
56,767 |
Loss on changes in fair value of
investment properties |
(500,000) |
(500,000) |
Share of profit of equity
accounted associates, net of tax |
9,086,050 |
8,979,804 |
|
|
|
| Profit before tax |
11,819,723 |
11,439,362 |
| Tax expense |
(1,500,306) |
(1,485,158) |
|
|
|
| Profit for the year |
10,319,417 |
9,954,204 |
|
|
|
| |
|
|
| Profit for the year |
10,319,417 |
9,954,204 |
Other comprehensive income,
net of tax |
|
|
Items that will not be
reclassified subsequently
to profit or loss |
|
|
Net change in fair value of
equity investments
designated at fair value
through other comprehensive
income |
|
|
| - Loss on price change |
(4,557,917) |
(7,121,118) |
| - (Loss)/gain on exchange differences |
(368,739) |
901,126 |
Items that are or may be
reclassified subsequently to
profit or loss |
|
|
Foreign currency translation
differences for foreign operations |
768,767 |
(1,041,486) |
Share of (loss)/gain of equity-
accounted associates |
(209,507) |
41,378 |
|
|
|
Total other comprehensive
expense for the year, net of tax |
(4,367,396) |
(7,220,100) |
|
|
|
Total comprehensive income for
the year |
5,952,021 |
2,734,104 |
|
|
|
| |
|
|
| Profit attributable to: |
|
|
| Owners of the Company |
10,310,150 |
9,895,431 |
| Non-controlling interests |
9,267 |
58,773 |
|
|
|
| Profit for the year |
10,319,417 |
9,954,204 |
|
|
|
| |
|
|
Total comprehensive income
attributable to: |
|
|
| Owners of the Company |
5,941,120 |
2,671,149 |
| Non-controlling interests |
10,901 |
62,955 |
|
|
|
Total comprehensive income
for the year |
5,952,021 |
2,734,104 |
|
|
|
| |
|
|
Basic earnings per ordinary
share based on profit
attributable to owners of the
Company (sen): |
7.55 |
7.13 |
|
|
|
|
|
|
|
Group |
Group |
|
2019 |
2018 |
|
RM |
RM |
| Assets |
|
|
| Property and equipment |
240,712 |
299,906 |
| Right-of-use assets |
73,716 |
- |
| Investment properties |
18,888,000 |
19,388,000 |
| Investments in associates |
120,945,238 |
119,970,189 |
| Other investments |
50,118,135 |
54,161,360 |
|
|
|
| Total non-current assets |
190,265,801 |
193,819,455 |
|
|
|
| |
|
|
| Other investments |
55,896,225 |
64,191,174 |
| Current tax assets |
75,852 |
- |
Trade and other receivables
|
806,738 |
885,640 |
Prepayments and other assets
|
157,026 |
198,000 |
Deposits with licensed banks
with original maturities
more than three months |
62,445,103 |
46,866,265 |
| Cash and cash equivalents |
18,185,688 |
24,161,435 |
|
|
|
| Total current assets |
137,566,632 |
136,302,514 |
|
|
|
| Total assets |
327,832,433 |
330,121,969 |
|
|
|
| |
|
|
| Equity |
|
|
| Share capital |
196,619,727 |
196,619,727 |
| Reserves |
129,198,302 |
131,965,752 |
|
|
|
| Total equity attributable to owners of the Company |
325,818,029 |
328,585,479 |
| Non-controlling interests |
138,866 |
127,965 |
|
|
|
| Total equity |
325,956,895 |
328,713,444 |
|
|
|
| |
|
|
| Liabilities |
|
|
| Lease liabilities |
19,380 |
- |
| Deferred tax liabilities |
206,308 |
50,509 |
|
|
|
| Total non-current liabilities |
225,688 |
50,509 |
|
|
|
| |
|
|
| Lease liabilities |
56,237 |
- |
| Other payables |
1,586,827 |
1,342,075 |
| Current tax payables |
6,786 |
15,941 |
|
|
|
| Total current liabilities |
1,649,850 |
1,358,016 |
|
|
|
| Total liabilities |
1,875,538 |
1,408,525 |
|
|
|
| Total equity and liabilities |
327,832,433 |
330,121,969 |
|
|
|
|
|
|
|
Group |
Group |
|
2019 |
2018 |
|
RM |
RM |
| Cash flows from operating activities |
|
|
| Profit before tax |
11,819,723 |
11,439,362 |
| |
| Adjustments for: |
|
|
Changes in fair value of
investment properties |
500,000 |
500,000 |
Depreciation of property and
equipment |
92,296 |
109,476 |
Depreciation of right-of-use
assets |
36,898 |
- |
Share of profit after tax of
equity-accounted associates |
(9,086,050) |
(8,979,804) |
| Dividend income |
(3,311,707) |
(3,202,188) |
| Interest income |
(1,956,552) |
(2,131,784) |
| Finance cost |
8,029 |
- |
| Investment distribution income |
(2,138,308) |
(1,976,949) |
Loss on financial assets classified
as fair value through profit or loss |
22,040 |
164,351 |
Gain on changes of interest
in associates |
(17,036) |
(56,767) |
Unrealised foreign exchange
loss/(gain) |
363,617 |
(408,613) |
Reversal of impairment loss from
trade receivables |
(600) |
- |
|
|
|
| Operating loss before working capital changes |
(3,667,650) |
(4,542,916) |
| Changes in trade and other receivables |
122,867 |
76,505 |
| Changes in prepayments and other assets |
42,186 |
(74,415) |
| Changes in other payables |
252,505 |
(331,876) |
|
|
|
| Cash used in operations |
(3,250,092) |
(4,872,702) |
| Income tax paid |
(1,873,399) |
(1,530,916) |
| Interest received |
1,906,317 |
2,423,871 |
| Interest paid |
(8,012) |
- |
|
|
|
| Net cash used in operating activities |
(3,225,186) |
(3,979,747) |
|
|
|
| |
|
|
| Cash flows from investing activities |
|
|
| Acquisition of other investments |
(134,059,353) |
(102,338,575) |
| Acquisition of property and equipment |
(33,063) |
(123,144) |
| Acquisition of treasury shares |
(3,241,388) |
(3,182,261) |
| Dividends received from an associate |
8,662,096 |
9,764,252 |
Dividends received from other
investments |
3,311,707 |
3,202,188 |
Investment distribution income
received |
2,138,308 |
1,976,949 |
Net change in deposits with
licensed banks with original
maturities more than 3 months |
(15,578,838) |
(2,755,865) |
Proceeds from disposal of
other investments |
141,899,026 |
85,701,002 |
|
|
|
Net cash generated from/(used in)
investing activities |
3,098,495 |
(7,755,454) |
|
|
|
| |
|
|
| Cash flows from financing activities |
|
|
| Dividends paid to shareholders of the Company |
(5,467,182) |
(6,267,713) |
| Payment of lease liabilities |
(34,948) |
- |
|
|
|
| Net cash used in financing activities |
(5,502,130) |
(6,267,713) |
Net decrease in cash and
cash equivalents |
(5,628,821) |
(18,002,914) |
Cash and cash equivalents at
beginning of the year |
24,161,435 |
41,774,591 |
Effects of exchange rate
fluctuations on cash held |
(346,926) |
389,758 |
|
|
|
Cash and cash equivalents
at end of year |
18,185,688 |
24,161,435 |
|
|
|
| |
|
|
| Cash outflows for leases as a lessee |
|
|
Included in net cash from operating
activities |
|
|
| Payment relating to short-term leases |
79,683 |
- |
Payment relating to leases of low value
assets |
1,980 |
- |
| Interest paid in relation to lease liabilities |
8,012 |
- |
Included in net cash from
financing activities |
|
|
| Interest paid in relation to lease liabilities |
34,948 |
- |
|
|
|
| Total cash outflows for leases |
124,623 |
- |
|
|
|
|
Reconciliation of movements of liabilities to cash flows arising from financing activities
|
| |
At 1
January
2019 |
Acquisition
of new
lease |
Net changes
from financing
cash flows |
Foreign
exchange
movement |
At 31
December
2019 |
| |
RM |
RM |
RM |
RM |
RM |
| Lease liabilities |
- |
110,461 |
(34,948) |
104 |
75,617 |
|
|
|
