Calculate the company:
1. Cost of preferred equity
2. Cost of common equity
3. cost of debt
Slal ITICIILS ON Financial Position As at 31 December 2020 Group 2020 RM 000 2019 RM1000 Company 2020 RM 000 2019 RM 000 Note 6 7 ASSETS Non-current assets Property, plant and equipment Intangible assets Right-of-use assets Investments in subsidiaries Investment in an associate Other receivable Deferred tax assets 436,331 5,041 879,422 354,035 3.731 690,468 8 9 6,226 160,553 1,620 4,758 162,765 1,620 33,733 10 13 11 11.859 17,273 1,344,293 1,064.851 198,118 162, 173 Current assets Inventories Trade and other receivables Cash and bank balances 12 13 14 13 690,047 127,754 90,885 908,686 2,252,979 496,646 121,802 140,671 759, 119 1,823,970 199,201 30,498 229,699 427,817 13,682 13,695 175,868 TOTAL ASSETS EQUITY AND LIABILITIES Equity attributable to owners of the Company Share capital Reserves TOTAL EQUITY 15 16 295,625 581,051 876,676 1,970 338,504 295,625 124,267 419,892 1,970 173,361 175,331 340,474 17 LIABILITIES Non-current liabilities Borrowings Lease liabilities Provision for restoration costs Deferred tax liabilities 8 20 11 20,761 813,612 16,008 2,324 852,705 611,541 632,690 14,218 2,338 1.260.787 21 7,627 458 Current liabilities Trade and other payables Borrowings Lease liabilities Provision for restoration costs Current tax liabilities 17 8 20 119,925 242,823 120,770 536 39,544 523,598 1,376,303 2,252,979 81.798 11,814 94,214 510 34,373 222.709 1,483,496 1,823,970 298 79 537 7,925 7,925 427,817 TOTAL LIABILITIES TOTAL EQUITY AND LIABILITIES 537 175,868 TH THE HP FINANCIAL STATEMENTS Statements of Profit or Loss and Other Comprehensive Income For the financial year ended 31 December 2020 Group 2020 RM 000 2010 RM'000 Company 2020 RM1000 2010 RM'000 Note 23 58,092 632.310 2,559,315 (1,467,819) 1,091,496 21,970 (102,928) (485,830) 524,708 (68,951) 1,918 457,675 (120,514) 58,092 1,524 (13,561) (191) 45,864 24 2.275,587 (1.311.894) 963,693 10,261 (70.455) (402,867) 500,632 (64.606) 1,707 437.733 (120,165) 632,310 1.117 (7.878) (51) 625,498 Revenue Cost of sales Gross profit Other operating income Administrative expenses Other operating expenses Profit from operations Finance costs Share of profit of an associate Profit before tax Income tax expense Profit for the financial year, attributable to the owners of the Company Other comprehensive income Items that may be reclassified subsequently to profit or loss (Loss)/Gain on foreign currency translation Other comprehensive (lossincome, net of tax Total comprehensive income, attributable to the owners of the Company 25 26 45,864 (351) 625,498 (188) 28 337,161 317.568 45,513 625,310 (7) 17 (7) 17 337,154 317.585 45,513 625,310 Earnings per share attributable to the owners of the Company (sen) Basic Diluted' 29 20.03 31,757 31,757 29 20.00 The weighted average number of ordinary shares in issue as at end of each reporting period used in the calculation of the basic and diluted earnings per share have been adjusted retrospectively to reflect the Subdivision, which was completed on 23 September 2020 as disclosed in Note 15 to the financial statements. Statements of Changes in Equity For the financial year ended 31 December 2020 Share capital RM 1000 Foreign currency Merger translation reserve reserve RM'000 RM 000 Share Distributable options Retained reserve earnings RM 000 RM'000 Total equity RM'000 Note Group Balance as at 1 January 2019 1,970 (117,450) 42 640,000 524,562 317.568 317,568 Profit for the financial year Other comprehensive income, net of tax Total comprehensive income 17 17 17 317,568 317,585 30 (501,073) (501,073) Transactions with owners Dividends paid Balance as at 31 December 2019/ 1 January 2020 1,970 (117,450) 59 455,895 340,474 337,161 337,161 Profit for the financial year Other comprehensive loss, net of tax Total comprehensive (loss} income (7) (7) - (7) 337,161 337,154 15 301,540 30 (95,819) Transactions with owners Issuance of shares Dividends paid ESOS share options expenses 16(c) Share issuance expenses Total transactions with 1,212 301,540 (95,819) 1,212 (7,885) 15 17,885) Owners 293,655 1,212 (95,819) 199,048 Balance as at 31 December 2020 295,625 (117,450) 52 1,212 697,237 876,676 Statements of Changes in Equity For the financial year ended 31 December 2020 (continued) Share capital RM'000 Share Distributable options Retained reserve earnings RM'000 RM1000 Total equity RM'000 Company Note Balance as at 1 January 2019 1,970 48,051 50,021 625,310 625,310 Profit for the financial year Other comprehensive income, net of tax Total comprehensive Income 625,310 625,310 30 Transactions with owners Dividends paid Balance as at 31 December 2019/ 1 January 2020 (500,000) (500,000) 1,970 173,361 175,331 45,513 45,513 Profit for the financial year Other comprehensive income, net of tax Total comprehensive income 45,513 45,513 15 301,540 (95,819) Transactions with owners Issuance of shares Dividends paid ESOS share options expenses Share issuance expenses Total transactions with owners Balance as at 31 December 2020 30 1610) 15 1,212 301,540 (95,819) 1,212 (7,885) 199,048 419,892 (7,885) 293,655 295,625 1,212 1,212 (95,819) 123,055 Statements of Cash Flows For the financial year ended 31 December 2020 Group 2020 RM OOO 2019 RM'000 Company 2020 RM1000 2019 RM'000 Note 457,675 437.733 45,864 625,498 7 1,192 917 6 52,309 119,142 41.685 96,201 B 23 26 (58,092) (632,310) (334) 248 26 (370) (306) 26 (67) (473) CASH FLOWS FROM OPERATING ACTIVITIES Profit before tax Adjustments for: Amortisation of intangible assets Depreciation of property, plant and equipment Depreciation of right-of-use assets Dividend income Fair value of financial guarantee contracts Gain on disposal of property, plant and equipment Gain on reassessments and modifications of leases Interest expense on: - borrowings - lease liabilities Unwinding of discount on provision for restoration costs Interest income Inventory losses Inventories written off Property, plant and equipment written off Rent concessions Reversal of provision for restoration costs Share of profit of an associate ESOS share options expenses Unrealised loss on foreign exchange 25 25 22,807 45,520 26,516 37.373 25 26 (1,524) (784) 12 717 (3,120) 18,338 13,729 1.939 12 624 (3,167) 16,780 7,952 1,087 (10,448) (1,995) (1,918) 1,212 6 8 20 (3,374) (1.707) 10 16(c) 26 65 708,335 666,233 (13,504) (7.930) Operating profit/(loss) before changes in working capital Changes in working capital: Inventories Trade and other receivables Trade and other payables (218,136) (5,953) 21,676 (109,394) (40,624) (1.716) (50) 6,922 (13) 217 Cash generated from/(used in operations Tax paid Tax refunded 505,922 (120,770) 514,499 (111,614) 409 (6,632) (132) (7,726) (110) Net cash from/(used in) operating activities 385,152 403,294 (6,764) (7.836) Cash Flows For the financial year ended 31 December 2020 (continued) Group 2020 RM 000 2019 RM1000 Company 2020 RM'000 2019 RM 000 Note 9 (104,842) (1,000) 57,642 450 1,154 (118,342) 632.010 300 784 10 450 3,167 300 3,120 CASH FLOWS FROM INVESTING ACTIVITIES Additional Investments in subsidiaries Dividends received from subsidiaries Dividend received from an associate Interest income received Purchases of: property, plant and equipment - Intangible assets Proceeds from disposal of: - property, plant and equipment - intangible assets (Advances to)/Repayments from subsidiaries Repayment to a subsidiary Net cash (used in)/from investing activities 6 7 (119,918) (2,130) (115.076) (1.853) 921 487 2 (232,502) 6.200 (400) 520,552 (117,510) (217,862) (174,256) 30 (95,819) (95,819) (500,000) (501,673) 400.000 200,000 212,666 (24,661) (37.373) (78,380) 8 (22,382) (45,520) (86,915) 301,540 (7,885) (395) (403,715) (188,000) 301,540 (7,885) (701) (9,408) (50.600) CASH FLOWS FROM FINANCING ACTIVITIES Dividends paid Drawdowns of term loans Drawdowns of revolving credits Interest expense paid on: - borrowings lease liabilities Payments of lease liabilities Proceeds from issuance of shares Payments of share issuance expenses Repayments of hire purchase creditors Repayments of term loans Repayments of revolving credits Withdrawals from/(Placements in) restricted bank balances Withdrawals/(Placements) of deposits with a licensed bank with original maturity of more than three (3) months Net cash (used in)/from financing activities Net (decrease increase in cash and cash equivalents Effects of exchange rate changes on cash and cash equivalents Cash and cash equivalents at the beginning of financial year Cash and cash equivalents at the end of financial year 14 8,082 (8,082) 14 104 (328,239) (3) (110,881) 197,836 (500,000) (60,597) 74,551 16,816 12.716 (6) (60) 125,376 50.885 13,682 966 14 64,773 125,376 30,498 13,682 Slal ITICIILS ON Financial Position As at 31 December 2020 Group 2020 RM 000 2019 RM1000 Company 2020 RM 000 2019 RM 000 Note 6 7 ASSETS Non-current assets Property, plant and equipment Intangible assets Right-of-use assets Investments in subsidiaries Investment in an associate Other receivable Deferred tax assets 436,331 5,041 879,422 354,035 3.731 690,468 8 9 6,226 160,553 1,620 4,758 162,765 1,620 33,733 10 13 11 11.859 17,273 1,344,293 1,064.851 198,118 162, 173 Current assets Inventories Trade and other receivables Cash and bank balances 12 13 14 13 690,047 127,754 90,885 908,686 2,252,979 496,646 121,802 140,671 759, 119 1,823,970 199,201 30,498 229,699 427,817 13,682 13,695 175,868 TOTAL ASSETS EQUITY AND LIABILITIES Equity attributable to owners of the Company Share capital Reserves TOTAL EQUITY 15 16 295,625 581,051 876,676 1,970 338,504 295,625 124,267 419,892 1,970 173,361 175,331 340,474 17 LIABILITIES Non-current liabilities Borrowings Lease liabilities Provision for restoration costs Deferred tax liabilities 8 20 11 20,761 813,612 16,008 2,324 852,705 611,541 632,690 14,218 2,338 1.260.787 21 7,627 458 Current liabilities Trade and other payables Borrowings Lease liabilities Provision for restoration costs Current tax liabilities 17 8 20 119,925 242,823 120,770 536 39,544 523,598 1,376,303 2,252,979 81.798 11,814 94,214 510 34,373 222.709 1,483,496 1,823,970 298 79 537 7,925 7,925 427,817 TOTAL LIABILITIES TOTAL EQUITY AND LIABILITIES 537 175,868 TH THE HP FINANCIAL STATEMENTS Statements of Profit or Loss and Other Comprehensive Income For the financial year ended 31 December 2020 Group 2020 RM 000 2010 RM'000 Company 2020 RM1000 2010 RM'000 Note 23 58,092 632.310 2,559,315 (1,467,819) 1,091,496 21,970 (102,928) (485,830) 524,708 (68,951) 1,918 457,675 (120,514) 58,092 1,524 (13,561) (191) 45,864 24 2.275,587 (1.311.894) 963,693 10,261 (70.455) (402,867) 500,632 (64.606) 1,707 437.733 (120,165) 632,310 1.117 (7.878) (51) 625,498 Revenue Cost of sales Gross profit Other operating income Administrative expenses Other operating expenses Profit from operations Finance costs Share of profit of an associate Profit before tax Income tax expense Profit for the financial year, attributable to the owners of the Company Other comprehensive income Items that may be reclassified subsequently to profit or loss (Loss)/Gain on foreign currency translation Other comprehensive (lossincome, net of tax Total comprehensive income, attributable to the owners of the Company 25 26 45,864 (351) 625,498 (188) 28 337,161 317.568 45,513 625,310 (7) 17 (7) 17 337,154 317.585 45,513 625,310 Earnings per share attributable to the owners of the Company (sen) Basic Diluted' 29 20.03 31,757 31,757 29 20.00 The weighted average number of ordinary shares in issue as at end of each reporting period used in the calculation of the basic and diluted earnings per share have been adjusted retrospectively to reflect the Subdivision, which was completed on 23 September 2020 as disclosed in Note 15 to the financial statements. Statements of Changes in Equity For the financial year ended 31 December 2020 Share capital RM 1000 Foreign currency Merger translation reserve reserve RM'000 RM 000 Share Distributable options Retained reserve earnings RM 000 RM'000 Total equity RM'000 Note Group Balance as at 1 January 2019 1,970 (117,450) 42 640,000 524,562 317.568 317,568 Profit for the financial year Other comprehensive income, net of tax Total comprehensive income 17 17 17 317,568 317,585 30 (501,073) (501,073) Transactions with owners Dividends paid Balance as at 31 December 2019/ 1 January 2020 1,970 (117,450) 59 455,895 340,474 337,161 337,161 Profit for the financial year Other comprehensive loss, net of tax Total comprehensive (loss} income (7) (7) - (7) 337,161 337,154 15 301,540 30 (95,819) Transactions with owners Issuance of shares Dividends paid ESOS share options expenses 16(c) Share issuance expenses Total transactions with 1,212 301,540 (95,819) 1,212 (7,885) 15 17,885) Owners 293,655 1,212 (95,819) 199,048 Balance as at 31 December 2020 295,625 (117,450) 52 1,212 697,237 876,676 Statements of Changes in Equity For the financial year ended 31 December 2020 (continued) Share capital RM'000 Share Distributable options Retained reserve earnings RM'000 RM1000 Total equity RM'000 Company Note Balance as at 1 January 2019 1,970 48,051 50,021 625,310 625,310 Profit for the financial year Other comprehensive income, net of tax Total comprehensive Income 625,310 625,310 30 Transactions with owners Dividends paid Balance as at 31 December 2019/ 1 January 2020 (500,000) (500,000) 1,970 173,361 175,331 45,513 45,513 Profit for the financial year Other comprehensive income, net of tax Total comprehensive income 45,513 45,513 15 301,540 (95,819) Transactions with owners Issuance of shares Dividends paid ESOS share options expenses Share issuance expenses Total transactions with owners Balance as at 31 December 2020 30 1610) 15 1,212 301,540 (95,819) 1,212 (7,885) 199,048 419,892 (7,885) 293,655 295,625 1,212 1,212 (95,819) 123,055 Statements of Cash Flows For the financial year ended 31 December 2020 Group 2020 RM OOO 2019 RM'000 Company 2020 RM1000 2019 RM'000 Note 457,675 437.733 45,864 625,498 7 1,192 917 6 52,309 119,142 41.685 96,201 B 23 26 (58,092) (632,310) (334) 248 26 (370) (306) 26 (67) (473) CASH FLOWS FROM OPERATING ACTIVITIES Profit before tax Adjustments for: Amortisation of intangible assets Depreciation of property, plant and equipment Depreciation of right-of-use assets Dividend income Fair value of financial guarantee contracts Gain on disposal of property, plant and equipment Gain on reassessments and modifications of leases Interest expense on: - borrowings - lease liabilities Unwinding of discount on provision for restoration costs Interest income Inventory losses Inventories written off Property, plant and equipment written off Rent concessions Reversal of provision for restoration costs Share of profit of an associate ESOS share options expenses Unrealised loss on foreign exchange 25 25 22,807 45,520 26,516 37.373 25 26 (1,524) (784) 12 717 (3,120) 18,338 13,729 1.939 12 624 (3,167) 16,780 7,952 1,087 (10,448) (1,995) (1,918) 1,212 6 8 20 (3,374) (1.707) 10 16(c) 26 65 708,335 666,233 (13,504) (7.930) Operating profit/(loss) before changes in working capital Changes in working capital: Inventories Trade and other receivables Trade and other payables (218,136) (5,953) 21,676 (109,394) (40,624) (1.716) (50) 6,922 (13) 217 Cash generated from/(used in operations Tax paid Tax refunded 505,922 (120,770) 514,499 (111,614) 409 (6,632) (132) (7,726) (110) Net cash from/(used in) operating activities 385,152 403,294 (6,764) (7.836) Cash Flows For the financial year ended 31 December 2020 (continued) Group 2020 RM 000 2019 RM1000 Company 2020 RM'000 2019 RM 000 Note 9 (104,842) (1,000) 57,642 450 1,154 (118,342) 632.010 300 784 10 450 3,167 300 3,120 CASH FLOWS FROM INVESTING ACTIVITIES Additional Investments in subsidiaries Dividends received from subsidiaries Dividend received from an associate Interest income received Purchases of: property, plant and equipment - Intangible assets Proceeds from disposal of: - property, plant and equipment - intangible assets (Advances to)/Repayments from subsidiaries Repayment to a subsidiary Net cash (used in)/from investing activities 6 7 (119,918) (2,130) (115.076) (1.853) 921 487 2 (232,502) 6.200 (400) 520,552 (117,510) (217,862) (174,256) 30 (95,819) (95,819) (500,000) (501,673) 400.000 200,000 212,666 (24,661) (37.373) (78,380) 8 (22,382) (45,520) (86,915) 301,540 (7,885) (395) (403,715) (188,000) 301,540 (7,885) (701) (9,408) (50.600) CASH FLOWS FROM FINANCING ACTIVITIES Dividends paid Drawdowns of term loans Drawdowns of revolving credits Interest expense paid on: - borrowings lease liabilities Payments of lease liabilities Proceeds from issuance of shares Payments of share issuance expenses Repayments of hire purchase creditors Repayments of term loans Repayments of revolving credits Withdrawals from/(Placements in) restricted bank balances Withdrawals/(Placements) of deposits with a licensed bank with original maturity of more than three (3) months Net cash (used in)/from financing activities Net (decrease increase in cash and cash equivalents Effects of exchange rate changes on cash and cash equivalents Cash and cash equivalents at the beginning of financial year Cash and cash equivalents at the end of financial year 14 8,082 (8,082) 14 104 (328,239) (3) (110,881) 197,836 (500,000) (60,597) 74,551 16,816 12.716 (6) (60) 125,376 50.885 13,682 966 14 64,773 125,376 30,498 13,682
