|
|
|
|
Group |
Group |
|
2020 |
2019 |
|
RM |
RM |
| Revenue |
6,021,451 |
8,686,664 |
| Other operating income |
230,742 |
12,842 |
| Contract and outsourcing cos |
(479,536) |
(709,609) |
| Depreciation of property and equipment |
(162,270) |
(92,296) |
| Depreciation of right-of-use assets |
(119,224) |
(36,898) |
Expenses relating to short term
lease and low value assets |
(2,520) |
(88,701) |
| Staff costs |
(2,984,854) |
(2,559,860) |
| Other operating expenses |
(2,526,455) |
(2,030,093) |
|
 |
|
| Results from operating activities |
(22,666) |
3,182,049 |
Interest income
Interest expense |
19
(10,412) |
64,657
(8,029) |
| Net interest income |
(10,393) |
56,628 |
Loss on financial assets
classified as fair value
through profit or loss |
(4,446) |
(22,040) |
Gain/(loss) on accretion/(dilution) of
interest in an associate |
- |
17,036 |
Loss on changes in fair value of
investment properties |
(500,000) |
(500,000) |
Share of profit of equity
accounted associates, net of tax |
8,421,320 |
9,086,050 |
|
|
|
| Profit before tax |
7,883,815 |
11,819,723 |
| Tax expense |
(1,493,790) |
(1,500,306) |
|
|
|
| Profit for the year |
6,390,025 |
10,319,417 |
|
|
|
| |
|
|
| Profit for the year |
6,390,025 |
10,319,417 |
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 |
(6,517,288) |
(4,557,917) |
| - (Loss)/gain on exchange differences |
130,993 |
(368,739) |
Items that are or may be
reclassified subsequently to
profit or loss |
|
|
Foreign currency translation
differences for foreign operations |
5,225,244 |
768,767 |
Share of (loss)/gain of equity-
accounted associates |
(118,616) |
(209,507) |
|
|
|
Total other comprehensive
expense for the year, net of tax |
(1,279,667) |
(4,367,396) |
|
|
|
Total comprehensive income for
the year |
5,110,358 |
5,952,021 |
|
|
|
| |
|
|
| Profit attributable to: |
|
|
| Owners of the Company |
6,450,450 |
10,310,150 |
| Non-controlling interests |
(60,425) |
9,267 |
|
|
|
| Profit for the year |
6,390,025 |
10,319,417 |
|
|
|
| |
|
|
Total comprehensive income
attributable to: |
|
|
| Owners of the Company |
5,164,992 |
5,941,120 |
| Non-controlling interests |
(54,634) |
10,901 |
|
|
|
Total comprehensive income
for the year |
5,110,358 |
5,952,021 |
|
|
|
| |
|
|
Basic earnings per ordinary
share based on profit
attributable to owners of the
Company (sen): |
4.80 |
7.55 |
|
|
|
|
|
|
|
Group |
Group |
|
2020 |
2019 |
|
RM |
RM |
| Assets |
|
|
| Property and equipment |
117,876 |
240,712 |
| Right-of-use assets |
81,321 |
73,716 |
| Investment properties |
18,388,000 |
18,888,000 |
| Investments in associates |
125,091,464 |
120,945,238 |
| Other investments |
50,215,792 |
50,118,135 |
|
|
|
| Total non-current assets |
193,894,453 |
190,265,801 |
|
|
|
| |
|
|
| Other investments |
44,242,390 |
55,896,225 |
| Current tax assets |
- |
75,852 |
Trade and other receivables
|
614,398 |
806,738 |
Prepayments and other assets
|
127,674 |
157,026 |
Deposits with licensed banks
with original maturities
more than three months |
31,207,555 |
62,445,103 |
| Cash and cash equivalents |
55,431,594 |
18,185,688 |
|
|
|
| Total current assets |
131,623,611 |
137,566,632 |
|
|
|
| Total assets |
325,518,064 |
327,832,433 |
|
|
|
| |
|
|
| Equity |
|
|
| Share capital |
196,619,727 |
196,619,727 |
| Reserves |
126,979,094 |
129,198,302 |
|
|
|
| Total equity attributable to owners of the Company |
323,598,821 |
325,818,029 |
| Non-controlling interests |
84,232 |
138,866 |
|
|
|
| Total equity |
323,683,053 |
325,956,895 |
|
|
|
| |
|
|
| Liabilities |
|
|
| Lease liabilities |
- |
19,380 |
| Deferred tax liabilities |
124,951 |
206,308 |
|
|
|
| Total non-current liabilities |
124,951 |
225,688 |
|
|
|
| |
|
|
| Lease liabilities |
82,802 |
56,237 |
| Other payables |
1,594,342 |
1,586,827 |
| Current tax payables |
32,916 |
6,786 |
|
|
|
| Total current liabilities |
1,710,060 |
1,649,850 |
|
|
|
| Total liabilities |
1,835,011 |
1,875,538 |
|
|
|
| Total equity and liabilities |
325,518,064 |
327,832,433 |
|
|
|
|
|
|
|
Group |
Group |
|
2020 |
2019 |
|
RM |
RM |
| Cash flows from operating activities |
|
|
| Profit before tax |
7,883,815 |
11,819,723 |
| |
| Adjustments for: |
|
|
Changes in fair value of
investment properties |
500,000 |
500,000 |
Depreciation of property and
equipment |
162,270 |
92,296 |
Depreciation of right-of-use
assets |
119,224 |
36,898 |
| Property and equipment written off |
13 |
- |
Share of profit after tax of
equity-accounted associates |
(8,421,320) |
(9,086,050) |
| Dividend income |
(1,997,163) |
(3,311,707) |
| Interest income |
(1,559,615) |
(1,956,552) |
| Finance cost |
10,412 |
8,029 |
| Investment distribution income |
(996,699) |
(2,138,308) |
Loss on financial assets classified
as fair value through profit or loss |
4,446 |
22,040 |
Gain on changes of interest
in associates |
- |
(17,036) |
Unrealised foreign exchange
loss/(gain) |
380,367 |
363,617 |
Reversal of impairment loss from
trade receivables |
- |
(600) |
|
|
|
| Operating loss before working capital changes |
(3,914,250) |
(3,667,650) |
| Changes in trade and other receivables |
(115,594) |
122,867 |
| Changes in prepayments and other assets |
30,618 |
42,186 |
| Changes in other payables |
10,921 |
252,505 |
|
|
|
| Cash used in operations |
(3,988,305) |
(3,250,092) |
| Income tax paid |
(1,473,112) |
(1,873,399) |
| Interest received |
1,866,613 |
1,906,317 |
| Interest paid |
(10,439) |
(8,012) |
|
|
|
| Net cash used in operating activities |
(3,603,243) |
(3,225,186) |
|
|
|
| |
|
|
| Cash flows from investing activities |
|
|
| Acquisition of other investments |
(58,942,261) |
(134,059,353) |
| Acquisition of property and equipment |
(39,445) |
(33,063) |
| Acquisition of treasury shares |
(2,009,322) |
(3,241,388) |
| Dividends received from an associate |
9,365,733 |
8,662,096 |
Dividends received from other
investments |
1,242,105 |
3,311,707 |
Investment distribution income
received |
996,699 |
2,138,308 |
Net change in deposits with
licensed banks with original
maturities more than 3 months |
31,237,548 |
(15,578,838) |
Proceeds from disposal of
other investments |
64,862,756 |
141,899,026 |
|
|
|
Net cash generated from/(used in)
investing activities |
46,713,813 |
3,098,495 |
|
|
|
| |
|
|
| Cash flows from financing activities |
|
|
| Dividends paid to shareholders of the Company |
(5,374,878) |
(5,467,182) |
| Payment of lease liabilities |
(120,221) |
(34,948) |
|
|
|
| Net cash used in financing activities |
(5,495,099) |
(5,502,130) |
Net decrease in cash and
cash equivalents |
37,615,471 |
(5,628,821) |
Cash and cash equivalents at
beginning of the year |
18,185,688 |
24,161,435 |
Effects of exchange rate
fluctuations on cash held |
(369,565) |
(346,926) |
|
|
|
Cash and cash equivalents
at end of year |
55,431,594 |
18,185,688 |
|
|
|
| |
|
|
| 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 |
2,340 |
1,980 |
| Interest paid in relation to lease liabilities |
10,439 |
8,012 |
Included in net cash from
financing activities |
|
|
| Interest paid in relation to lease liabilities |
120,221 |
34,948 |
|
|
|
| Total cash outflows for leases |
133,000 |
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 |
75,617 |
128,734 |
(120,221) |
(1,328) |
82,802 |
|
|
|
