|
|
|
|
Group |
Group |
|
2021 |
2020 |
|
RM |
RM |
| Revenue |
6,353,995 |
6,021,451 |
| Other operating income |
1,864,455 |
230,742 |
| Contract and outsourcing cos |
(289,293) |
(479,536) |
| Depreciation of property and equipment |
(45,557) |
(162,270) |
| Depreciation of right-of-use assets |
(118,167) |
(119,224) |
| Staff costs |
(2,402,849) |
(2,402,849) |
| Other operating expenses |
(1,982,538) |
(2,559,860) |
|
 |
|
| Results from operating activities |
3,380,046 |
(22,666) |
Interest income
Interest expense |
7
(8,761) |
19
(10,412) |
| Net interest income |
(8,754) |
(10,393) |
Loss on financial assets
classified as fair value
through profit or loss |
(2,147) |
(4,446) |
Gain/(loss) on accretion/(dilution) of
interest in an associate |
12,608 |
- |
Gain on disposal of investment in
an associate |
1,588,988 |
- |
Loss on changes in fair value of
investment properties |
- |
(500,000) |
Share of profit of equity
accounted associates, net of tax |
13,309,900 |
8,421,320 |
|
|
|
| Profit before tax |
18,280,641 |
7,883,815 |
| Tax expense |
(1,541,148) |
(1,493,790) |
|
|
|
| Profit for the year |
16,739,493 |
6,390,025 |
|
|
|
| |
|
|
| Profit for the year |
16,739,493 |
6,390,025 |
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 |
|
|
| Gain/(Loss) on price change |
5,607,082 |
(6,517,288) |
| - (Loss)/Gain on exchange differences |
(136,696) |
130,993 |
Items that are or may be
reclassified subsequently to
profit or loss |
|
|
Foreign currency translation
differences for foreign operations |
5,648,430 |
5,225,244 |
Share of (loss)/gain of equity-
accounted associates |
55,991 |
(118,616) |
|
|
|
Total other comprehensive
expense for the year, net of tax |
11,174,807 |
(1,279,667) |
|
|
|
Total comprehensive income for
the year |
27,914,300 |
5,110,358 |
|
|
|
| |
|
|
| Profit attributable to: |
|
|
| Owners of the Company |
16,797,106 |
16,797,106 |
| Non-controlling interests |
(57,613) |
(60,425) |
|
|
|
| Profit for the year |
16,739,493 |
6,390,025 |
|
|
|
| |
|
|
Total comprehensive income
attributable to: |
|
|
| Owners of the Company |
27,975,463 |
5,164,992 |
| Non-controlling interests |
(61,163) |
(61,163) |
|
|
|
Total comprehensive income
for the year |
27,914,300 |
5,110,358 |
|
|
|
| |
|
|
Basic earnings per ordinary
share based on profit
attributable to owners of the
Company (sen): |
12.68 |
4.80 |
|
|
|
|
|
|
|
Group |
Group |
|
2021 |
2020 |
|
RM |
RM |
| Assets |
|
|
| Property and equipment |
72,522 |
117,876 |
| Right-of-use assets |
33,763 |
81,321 |
| Investment properties |
18,388,000 |
18,388,000 |
| Investments in associates |
133,928,495 |
125,091,464 |
| Other investments |
105,450,305 |
50,215,792 |
|
|
|
| Total non-current assets |
257,873,085 |
193,894,453 |
|
|
|
| |
|
|
| Other investments |
- |
44,242,390 |
| Current tax assets |
38,879 |
- |
Trade and other receivables
|
183,683 |
614,398 |
Prepayments and other assets
|
141,732 |
127,674 |
Deposits with licensed banks
with original maturities
more than three months |
20,188,216 |
31,207,555 |
| Cash and cash equivalents |
68,357,578 |
55,431,594 |
|
|
|
| Total current assets |
88,910,088 |
131,623,611 |
|
|
|
| Total assets |
346,783,173 |
325,518,064 |
|
|
|
| |
|
|
| Equity |
|
|
| Share capital |
196,619,727 |
196,619,727 |
| Reserves |
126,979,094 |
196,619,727 |
|
|
|
| Total equity attributable to owners of the Company |
344,879,156 |
323,598,821 |
| Non-controlling interests |
23,069 |
84,232 |
|
|
|
| Total equity |
344,902,225 |
323,683,053 |
|
|
|
| |
|
|
| Liabilities |
|
|
| Lease liabilities |
181,500 |
- |
| Deferred tax liabilities |
116,446 |
116,446 |
|
|
|
| Total non-current liabilities |
297,946 |
124,951 |
|
|
|
| |
|
|
| Lease liabilities |
33,956 |
82,802 |
| Other payables |
1,537,794 |
1,594,342 |
| Current tax payables |
11,252 |
32,916 |
|
|
|
| Total current liabilities |
1,583,002 |
1,710,060 |
|
|
|
| Total liabilities |
1,880,948 |
1,835,011 |
|
|
|
| Total equity and liabilities |
346,783,173 |
325,518,064 |
|
|
|
|
|
|
|
Group |
Group |
|
2021 |
2020 |
|
RM |
RM |
| Cash flows from operating activities |
|
|
| Profit before tax |
18,280,641 |
7,883,815 |
| |
| Adjustments for: |
|
|
Changes in fair value of
investment properties |
- |
500,000 |
Depreciation of property and
equipment |
45,557 |
162,270 |
Depreciation of right-of-use
assets |
118,167 |
119,224 |
| Property and equipment written off |
2 |
13 |
Share of profit after tax of
equity-accounted associates |
(13,309,900) |
(8,421,320) |
| Dividend income |
(3,461,162) |
(1,997,163) |
| Interest income |
(751,130) |
(1,559,615) |
| Finance cost |
8,761 |
10,412 |
| Investment distribution income |
(603,442) |
(996,699) |
Loss/(Gain) on financial
assets classified as fair
value through profit or loss |
2,147 |
4,446 |
Gain on changes of interest
in associates |
(12,608) |
- |
Gain on disposal of investment
in associates |
(1,588,988) |
- |
Unrealised foreign exchange
(gain)/loss |
(775,516) |
380,367 |
|
|
|
| Operating loss before working capital changes |
(2,047,471) |
(3,914,250) |
| Changes in trade and other receivables |
(356,464) |
115,594 |
| Changes in prepayments and other assets |
15,255 |
30,618 |
| Changes in other payables |
72,953 |
10,921 |
|
|
|
| Cash used in operations |
(1,779,215) |
(3,988,305) |
| Income tax paid |
(1,609,075) |
(1,473,112) |
| Interest received |
820,860 |
1,868,613 |
| Interest paid |
(8,772) |
(10,439) |
|
|
|
| Net cash used in operating activities |
(2,576,202) |
(3,603,243) |
|
|
|
| |
|
|
| Cash flows from investing activities |
|
|
| Acquisition of other investments |
(99,371,691) |
(58,942,261) |
| Acquisition of property and equipment |
- |
(39,445) |
| Acquisition of treasury shares |
(2,729,988) |
(2,009,322) |
| Dividends received from an associate |
8,909,246 |
9,365,733 |
Dividends received from other
investments |
3,461,162 |
1,242,105 |
Investment distribution income
received |
603,442 |
996,699 |
Net change in deposits with
licensed banks with original
maturities more than 3 months |
11,019,339 |
(31,237,548) |
Proceeds from disposal of investment
in an associate |
2,836,875 |
- |
Proceeds from disposal of
other investments |
93,847,807 |
64,862,756 |
|
|
|
Net cash generated from/(used in)
investing activities |
18,576,192 |
46,713,813 |
|
|
|
| |
|
|
| Cash flows from financing activities |
|
|
| Dividends paid to shareholders of the Company |
(3,965,140) |
(5,374,878) |
| Payment of lease liabilities |
(119,397) |
(120,221) |
| Proceeds from borrowings |
(181,500) |
- |
|
|
|
| Net cash used in financing activities |
(3,903,037) |
(5,495,099) |
Net decrease in cash and
cash equivalents |
12,096,953 |
37,615,471 |
Cash and cash equivalents at
beginning of the year |
55,431,594 |
18,185,688 |
Effects of exchange rate
fluctuations on cash held |
(829,031) |
(369,565) |
|
|
|
Cash and cash equivalents
at end of year |
68,357,578 |
55,431,594 |
|
|
|
| |
|
|
| Cash outflows for leases as a lessee |
|
|
Included in net cash from operating
activities |
|
|
Payment relating to leases of low value
assets |
2,160 |
2,340 |
| Interest paid in relation to lease liabilities |
8,445 |
10,439 |
Included in net cash from
financing activities |
|
|
| Payment of lease liabilities |
119,397 |
120,221 |
|
|
|
| Total cash outflows for leases |
120,221 |
133,000 |
|
|
|
|
Reconciliation of movements of liabilities to cash flows arising from financing activities
|
| |
At 1
January
2020 |
Acquisition
of new
lease |
Net changes
from financing
cash flows |
Foreign
exchange
movement |
At 31
December
2020/At 1
January 2021 |
Acquisition
of new
lease |
Net changes
from financing
cash flows |
Foreign
exchange
movement |
At 31
December
2021 |
| |
RM |
RM |
RM |
RM |
RM |
RM |
RM |
RM |
RM |
| Lease liabilities |
75,617 |
128,734 |
(120,221) |
(1,328) |
82,802 |
72,500 |
(119,397) |
(1,949) |
33,956 |
| Borrowings |
- |
- |
- |
- |
- |
- |
181,500 |
- |
181,500 |
|
|
| Borrowings |
75,617 |
128,734 |
(120,221) |
(1,328) |
82,802 |
72,500 |
62,103 |
(1,949) |
215,456 |
|
|
|
