Based on the company finance report, need to evaluate the company performance compare the previous year.

This is the finance report as below:

ii) Assuming MARR is 10%, evaluate the company's financial performance compare to the previous year. Use the equivalent worth; Present Worth (PW) and Future Worth (FW) as a basic information in your judgment. FY 2019 RM'000 FYE 2018 RM'000 FYE 2017 RM'000 Financial Results Revenue Profit/(Loss) before tax Profit/(Loss) after tax Net profit/(loss) attributable to: Owners of the Company Non-controlling interest 441,138 29,931 27,441 141,304 (24,452) (25,418) 115,579 (3,516) (3,693) 27,679 (238) (25,388) (30) (4,263) 570 al Report 2019 Consolidated Statement of Financial Position Assets Property, plant and equipment 113,508 117,308 138,255 oc Investments Current assets Total assets 4,335 244,462 362,305 4,493 119,065 240,866 5,220 123,109 266,584 Equity Share capital Reserves Equity attributable to owners of the Company 149,385 7,828 157,213 149,385 (15,944) 133,441 116,939 41,882 158,821 Non-controlling interests 944 1,285 1,315 Liabilities Deferred tax liabilities Bank borrowings Current liabilities Total equity and liabilities 756 53,518 149,874 362,305 65,088 41,052 240,866 80,982 25,466 266,584 WA no. of ordinary share 233,878,000 233,878,000 233,878,000 (10.86) (1.82) Financial Indicators Earnings/(Loss) per share (sen) Net dividend per share (sen) Net assets per share (RM) Return on equity (%) 11.83 3.00 0.67 0.68 0.57 (19.03) 17.61 (2.68) Statements of Financial Position At 30 June 2019 The Group 2019 2018 RM'000 RM'000 The Company 2019 2018 RM'000 RM'000 Note ASSETS 5 83,325 83,289 NON-CURRENT ASSETS Investments in subsidiaries Property, plant and equipment Investment in joint venture Other investments CW Patrol Red 6 7 113,508 4,285 50 117,843 117,308 4,443 50 121,801 8 83,325 83,289 67 CURRENT ASSETS 9 73,445 20,135 20 30 8,129 78.882 3,316 30, 196 10 11 12 13 48,073 Trade receivables Other receivables, deposits and prepayments Contract assets Amount owing by subsidiaries Amount owing by joint venture Current tax assets Short-term investments Fixed deposits with licensed banks Cash and bank balances 45,352 2.130 2,887 37.762 26,010 15,217 2,130 3,367 25,543 25,146 9,232 14 15 35,859 23,707 1,154 528 244,462 119,065 85,112 69,617 TOTAL ASSETS 362,305 240,866 168,437 152,906 Statements of Financial Position At 30 June 2019 (Cont'd) The Group 2019 2018 RM'000 RM'000 The Company 2019 2018 RM'000 RM'000 Note EQUITY AND LIABILITIES 16 149,385 149,385 149,368 149,368 EQUITY Share capital Share premium Merger deficit Retained profits Capital reserve Fair value reserve 17 (80,802) 88,593 (80.802) 84,854 2.251 3,266 18 37 19 4 151,638 152,638 EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY NON-CONTROLLING INTERESTS TOTAL EQUITY 157,213 944 5 133,441 1,285 134,726 158, 157 151,638 152,638 NON-CURRENT LIABILITIES Long-term borrowings Deferred tax liabilities 19 51,123 20 38,170 756 38.926 51,123 CURRENT LIABILITIES 23 24 90,494 59,138 19,953 21.099 268 Trade payables Other payables and accruals Amount owing to subsidiaries Current tax liabilities Short-term borrowings 299 16,500 25 242 15,348 165,222 13,965 55,017 16,799 268 TOTAL LIABILITIES TOTAL EQUITY AND LIABILITIES 204,148 362,305 106,140 240,866 16,799 168,437 268 152,906 Statements of Profit or Loss and Other Comprehensive Income For the Financial Year Ended 30 June 2019 The Group 2019 2018 RM '000 RM8000 The Company 2019 2018 RM'000 RM'000 Note 3,500 REVENUE COST OF SALES GROSS PROFIT 26 27 441,138 (394,194) 46,944 141,304 (134,132) 7.172 3,500 OTHER INCOME 28 2,112 49,056 (13,031) (1,928) (4,687) 2.529 9,701 (10,235) (15,394) (5,450) 1.449 4.949 (609) 1,327 1.327 (575) 29 Crni Pwed 69 30 31 32 679 (2,027) (179) (158) (1,047) ADMINISTRATIVE EXPENSES OTHER EXPENSES FINANCE COSTS NET GAIN/(LOSS) ON IMPAIRMENT OF FINANCIAL ASSETS AND CONTRACT ASSETS SHARE OF RESULTS IN JOINT VENTURE, NET OF TAX PROFIT LOSS) BEFORE TAXATION INCOME TAX EXPENSE PROFIT LOSS) AFTER TAXATION OTHER COMPREHENSIVE INCOME Items that Will Not be Reclassified Subsequently to Profit or Loss Fair value changes of equity investments TOTAL COMPREHENSIVE INCOME/(EXPENSE) FOR THE FINANCIAL YEAR 29,931 (2.490) 27,441 33 (24,452) (966) (25,418) 4,161 (13) 4,148 752 (26) 726 41 8 15 27.482 (25,410) 4,163 735 Statements of Profit or Loss and Other Comprehensive Income For the Financial Year Ended 30 June 2019 (Cont'd) The Group 2019 2018 RM'000 RM'000 The Company 2019 2018 RM'000 RM 000 Note PROFIT/(LOSS) AFTER TAXATION ATTRIBUTABLE TO:- Owners of the Company Non-controlling interests 4,148 726 27.679 (238) 27.441 (25,388) (30) (25,418) 4,148 726 TOTAL COMPREHENSIVE INCOME/EXPENSE) ATTRIBUTABLE TO:- Owners of the Company Non-controlling interests 4,163 735 27.720 (238) 27.482 (25,380) (30) (25,410) 4,163 735 EARNINGS/(LOSS) PER SHARE (SEN) - Basic - Diluted 34 11.83 11.83 (10.86) (10.86) 34 Statements of Changes in Equity For the Financial Year Ended 30 June 2019 (Conta) Share Capital RM 000 Share Fair Value Premium Reserve RM'000 RM'000 Retained Profits RM'000 Total Equity RM'000 The Company Note 116,939 32,429 2.540 726 151,903 726 Balance at 1.7.2017 Profit after taxation for the financial year Other comprehensive income for the financial year: - Fair value changes of available-for-sale financial assets Total comprehensive income for the financial year 9 9 726 735 Contributions by and distributions to owners of the Company: - Transfer to share capital upon implementation of Companies Act 2016 Total transactions with owners Balance at 30.6.2018/1.7.2018 16 32,429 32,429 149,368 (32.429) (32,429) rii Prawwer 3,266 152,638 45 149,368 4 (1,889) 1,377 4,148 (1.889) 150,749 4,148 73 Changes in accounting policies Balance at 30.6.2018/1.7.2018 (restated) Profit after taxation for the financial year Other comprehensive income for the financial year: - Fair value changes of equity investments 15 15 Total comprehensive income for the financial year 15 4,148 4,163 Contributions by and distributions to owners of the Company: - Dividend Total transactions with owners 35 (3,274) (3,274) (3,274) (3.274) Balance at 30.6.2019 149,368 19 2.251 151,638 Statements of Cash Flows For the Financial Year Ended 30 June 2019 The Group 2019 2018 RM'000 RM'000 The Company 2019 2018 RM'000 RM 000 CASH FLOWS FROM (FOR) OPERATING ACTIVITIES Profit/(Loss) before taxation 29,931 (24,452) 4,161 752 Report 2019 6.632 7,011 977 776 800 14,382 2,668 474 (1.089) (967) (1,967) 4,687 (2,189) 5,450 (220) (48) (120) (2,135) (641) Adjustments for Depreciation of property, plant and equipment Impairment loss on: - property, plant and equipment -trade receivables - other receivables - amount owing by subsidiaries Interest income Interest expense Bargain purchase from joint venture Reversal of impairment loss on: - cash and cash equivalents - trade receivables - amount owing by subsidiaries Property, plant and equipment written off Share of results in joint venture Unrealised (gain)Mloss on foreign exchange Operating profit/(loss) before working capital changes Increase in contract assets (Increase)/Decrease in trade and other receivables Increase/Decrease) in trade and other payables CASH FROM/(FOR) OPERATIONS Interest paid Tax paid NET CASH FROM/(FOR) OPERATING ACTIVITIES (247) 158 2 1,047 190 (23) 3.251 (215) 21 30,716 (48,686) (58,185) 108,575 41,420 (4,687) (1.237 3,248 (17,016) (3,512) 16,322 (958) (5.450) (750) 10 30 (67) 3,291 (261) (18) (55) 35,496 17.158) 3,273 (316) Statements of Cash Flows For the Financial Year Ended 30 June 2019 (Comed) The Group 2019 2018 RM 000 RM 000 The Company 2019 RM 000 RM'000 2018 Note BALANCE BROUGHT FORWARD 35,496 7,158) 3.273 (316) 37 (1,636) (36) CASH FLOWS (FOR/FROM INVESTING ACTIVITIES Acquisition of subsidiaries, net of cash and cash equivalents acquired Additional investment in joint venture Interest received Purchase of property, plant and equipment Repayment from joint venture Repayment from/(Advances to) subsidiaries (100) 2.189 1,967 1,089 967 36(a) (1.374) (448) 450 Perralleria 11.710 (2,179) NET CASH (FOR}/FROM INVESTING ACTIVITIES (1,043) 75 2,091 12,763 (1.212) (3,274 (3,274) CASH FLOWS FOR FINANCING ACTIVITIES Dividend paid (Increase/Decrease in placement of pledged deposits Repayment of hire purchase obligations Repayment of term loans (864) 2,803 36(b) 36(b) (313) (13,760) (197) (15,697) NET CASH FOR FINANCING ACTIVITIES (18,211) (13,091) (3,274) BALANCE CARRIED FORWARD 16,242 (18,158) 12,762 (1,528) Statements of Cash Flows For the Financial Year Ended 30 June 2019 (Contd) The Group 2019 2018 RM 000 RM 000 The Company 2019 2018 RM'000 RM1000 Note BALANCE BROUGHT FORWARD/NET INCREASE/ (DECREASE) IN CASH AND CASH EQUIVALENTS 16,242 (18,158) 12,762 (1.528) EFFECTS OF FOREIGN EXCHANGE TRANSLATION 64 (182) 16 CASH AND CASH EQUIVALENTS AT BEGINNING OF THE FINANCIAL YEAR 34,775 53,115 24,235 25,763 CASH AND CASH EQUIVALENTS AT END OF THE FINANCIAL YEAR 360) 51,081 34,775 37,013 24,235 ii) Assuming MARR is 10%, evaluate the company's financial performance compare to the previous year. Use the equivalent worth; Present Worth (PW) and Future Worth (FW) as a basic information in your judgment. FY 2019 RM'000 FYE 2018 RM'000 FYE 2017 RM'000 Financial Results Revenue Profit/(Loss) before tax Profit/(Loss) after tax Net profit/(loss) attributable to: Owners of the Company Non-controlling interest 441,138 29,931 27,441 141,304 (24,452) (25,418) 115,579 (3,516) (3,693) 27,679 (238) (25,388) (30) (4,263) 570 al Report 2019 Consolidated Statement of Financial Position Assets Property, plant and equipment 113,508 117,308 138,255 oc Investments Current assets Total assets 4,335 244,462 362,305 4,493 119,065 240,866 5,220 123,109 266,584 Equity Share capital Reserves Equity attributable to owners of the Company 149,385 7,828 157,213 149,385 (15,944) 133,441 116,939 41,882 158,821 Non-controlling interests 944 1,285 1,315 Liabilities Deferred tax liabilities Bank borrowings Current liabilities Total equity and liabilities 756 53,518 149,874 362,305 65,088 41,052 240,866 80,982 25,466 266,584 WA no. of ordinary share 233,878,000 233,878,000 233,878,000 (10.86) (1.82) Financial Indicators Earnings/(Loss) per share (sen) Net dividend per share (sen) Net assets per share (RM) Return on equity (%) 11.83 3.00 0.67 0.68 0.57 (19.03) 17.61 (2.68) Statements of Financial Position At 30 June 2019 The Group 2019 2018 RM'000 RM'000 The Company 2019 2018 RM'000 RM'000 Note ASSETS 5 83,325 83,289 NON-CURRENT ASSETS Investments in subsidiaries Property, plant and equipment Investment in joint venture Other investments CW Patrol Red 6 7 113,508 4,285 50 117,843 117,308 4,443 50 121,801 8 83,325 83,289 67 CURRENT ASSETS 9 73,445 20,135 20 30 8,129 78.882 3,316 30, 196 10 11 12 13 48,073 Trade receivables Other receivables, deposits and prepayments Contract assets Amount owing by subsidiaries Amount owing by joint venture Current tax assets Short-term investments Fixed deposits with licensed banks Cash and bank balances 45,352 2.130 2,887 37.762 26,010 15,217 2,130 3,367 25,543 25,146 9,232 14 15 35,859 23,707 1,154 528 244,462 119,065 85,112 69,617 TOTAL ASSETS 362,305 240,866 168,437 152,906 Statements of Financial Position At 30 June 2019 (Cont'd) The Group 2019 2018 RM'000 RM'000 The Company 2019 2018 RM'000 RM'000 Note EQUITY AND LIABILITIES 16 149,385 149,385 149,368 149,368 EQUITY Share capital Share premium Merger deficit Retained profits Capital reserve Fair value reserve 17 (80,802) 88,593 (80.802) 84,854 2.251 3,266 18 37 19 4 151,638 152,638 EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY NON-CONTROLLING INTERESTS TOTAL EQUITY 157,213 944 5 133,441 1,285 134,726 158, 157 151,638 152,638 NON-CURRENT LIABILITIES Long-term borrowings Deferred tax liabilities 19 51,123 20 38,170 756 38.926 51,123 CURRENT LIABILITIES 23 24 90,494 59,138 19,953 21.099 268 Trade payables Other payables and accruals Amount owing to subsidiaries Current tax liabilities Short-term borrowings 299 16,500 25 242 15,348 165,222 13,965 55,017 16,799 268 TOTAL LIABILITIES TOTAL EQUITY AND LIABILITIES 204,148 362,305 106,140 240,866 16,799 168,437 268 152,906 Statements of Profit or Loss and Other Comprehensive Income For the Financial Year Ended 30 June 2019 The Group 2019 2018 RM '000 RM8000 The Company 2019 2018 RM'000 RM'000 Note 3,500 REVENUE COST OF SALES GROSS PROFIT 26 27 441,138 (394,194) 46,944 141,304 (134,132) 7.172 3,500 OTHER INCOME 28 2,112 49,056 (13,031) (1,928) (4,687) 2.529 9,701 (10,235) (15,394) (5,450) 1.449 4.949 (609) 1,327 1.327 (575) 29 Crni Pwed 69 30 31 32 679 (2,027) (179) (158) (1,047) ADMINISTRATIVE EXPENSES OTHER EXPENSES FINANCE COSTS NET GAIN/(LOSS) ON IMPAIRMENT OF FINANCIAL ASSETS AND CONTRACT ASSETS SHARE OF RESULTS IN JOINT VENTURE, NET OF TAX PROFIT LOSS) BEFORE TAXATION INCOME TAX EXPENSE PROFIT LOSS) AFTER TAXATION OTHER COMPREHENSIVE INCOME Items that Will Not be Reclassified Subsequently to Profit or Loss Fair value changes of equity investments TOTAL COMPREHENSIVE INCOME/(EXPENSE) FOR THE FINANCIAL YEAR 29,931 (2.490) 27,441 33 (24,452) (966) (25,418) 4,161 (13) 4,148 752 (26) 726 41 8 15 27.482 (25,410) 4,163 735 Statements of Profit or Loss and Other Comprehensive Income For the Financial Year Ended 30 June 2019 (Cont'd) The Group 2019 2018 RM'000 RM'000 The Company 2019 2018 RM'000 RM 000 Note PROFIT/(LOSS) AFTER TAXATION ATTRIBUTABLE TO:- Owners of the Company Non-controlling interests 4,148 726 27.679 (238) 27.441 (25,388) (30) (25,418) 4,148 726 TOTAL COMPREHENSIVE INCOME/EXPENSE) ATTRIBUTABLE TO:- Owners of the Company Non-controlling interests 4,163 735 27.720 (238) 27.482 (25,380) (30) (25,410) 4,163 735 EARNINGS/(LOSS) PER SHARE (SEN) - Basic - Diluted 34 11.83 11.83 (10.86) (10.86) 34 Statements of Changes in Equity For the Financial Year Ended 30 June 2019 (Conta) Share Capital RM 000 Share Fair Value Premium Reserve RM'000 RM'000 Retained Profits RM'000 Total Equity RM'000 The Company Note 116,939 32,429 2.540 726 151,903 726 Balance at 1.7.2017 Profit after taxation for the financial year Other comprehensive income for the financial year: - Fair value changes of available-for-sale financial assets Total comprehensive income for the financial year 9 9 726 735 Contributions by and distributions to owners of the Company: - Transfer to share capital upon implementation of Companies Act 2016 Total transactions with owners Balance at 30.6.2018/1.7.2018 16 32,429 32,429 149,368 (32.429) (32,429) rii Prawwer 3,266 152,638 45 149,368 4 (1,889) 1,377 4,148 (1.889) 150,749 4,148 73 Changes in accounting policies Balance at 30.6.2018/1.7.2018 (restated) Profit after taxation for the financial year Other comprehensive income for the financial year: - Fair value changes of equity investments 15 15 Total comprehensive income for the financial year 15 4,148 4,163 Contributions by and distributions to owners of the Company: - Dividend Total transactions with owners 35 (3,274) (3,274) (3,274) (3.274) Balance at 30.6.2019 149,368 19 2.251 151,638 Statements of Cash Flows For the Financial Year Ended 30 June 2019 The Group 2019 2018 RM'000 RM'000 The Company 2019 2018 RM'000 RM 000 CASH FLOWS FROM (FOR) OPERATING ACTIVITIES Profit/(Loss) before taxation 29,931 (24,452) 4,161 752 Report 2019 6.632 7,011 977 776 800 14,382 2,668 474 (1.089) (967) (1,967) 4,687 (2,189) 5,450 (220) (48) (120) (2,135) (641) Adjustments for Depreciation of property, plant and equipment Impairment loss on: - property, plant and equipment -trade receivables - other receivables - amount owing by subsidiaries Interest income Interest expense Bargain purchase from joint venture Reversal of impairment loss on: - cash and cash equivalents - trade receivables - amount owing by subsidiaries Property, plant and equipment written off Share of results in joint venture Unrealised (gain)Mloss on foreign exchange Operating profit/(loss) before working capital changes Increase in contract assets (Increase)/Decrease in trade and other receivables Increase/Decrease) in trade and other payables CASH FROM/(FOR) OPERATIONS Interest paid Tax paid NET CASH FROM/(FOR) OPERATING ACTIVITIES (247) 158 2 1,047 190 (23) 3.251 (215) 21 30,716 (48,686) (58,185) 108,575 41,420 (4,687) (1.237 3,248 (17,016) (3,512) 16,322 (958) (5.450) (750) 10 30 (67) 3,291 (261) (18) (55) 35,496 17.158) 3,273 (316) Statements of Cash Flows For the Financial Year Ended 30 June 2019 (Comed) The Group 2019 2018 RM 000 RM 000 The Company 2019 RM 000 RM'000 2018 Note BALANCE BROUGHT FORWARD 35,496 7,158) 3.273 (316) 37 (1,636) (36) CASH FLOWS (FOR/FROM INVESTING ACTIVITIES Acquisition of subsidiaries, net of cash and cash equivalents acquired Additional investment in joint venture Interest received Purchase of property, plant and equipment Repayment from joint venture Repayment from/(Advances to) subsidiaries (100) 2.189 1,967 1,089 967 36(a) (1.374) (448) 450 Perralleria 11.710 (2,179) NET CASH (FOR}/FROM INVESTING ACTIVITIES (1,043) 75 2,091 12,763 (1.212) (3,274 (3,274) CASH FLOWS FOR FINANCING ACTIVITIES Dividend paid (Increase/Decrease in placement of pledged deposits Repayment of hire purchase obligations Repayment of term loans (864) 2,803 36(b) 36(b) (313) (13,760) (197) (15,697) NET CASH FOR FINANCING ACTIVITIES (18,211) (13,091) (3,274) BALANCE CARRIED FORWARD 16,242 (18,158) 12,762 (1,528) Statements of Cash Flows For the Financial Year Ended 30 June 2019 (Contd) The Group 2019 2018 RM 000 RM 000 The Company 2019 2018 RM'000 RM1000 Note BALANCE BROUGHT FORWARD/NET INCREASE/ (DECREASE) IN CASH AND CASH EQUIVALENTS 16,242 (18,158) 12,762 (1.528) EFFECTS OF FOREIGN EXCHANGE TRANSLATION 64 (182) 16 CASH AND CASH EQUIVALENTS AT BEGINNING OF THE FINANCIAL YEAR 34,775 53,115 24,235 25,763 CASH AND CASH EQUIVALENTS AT END OF THE FINANCIAL YEAR 360) 51,081 34,775 37,013 24,235