comfort gloves 2019 financial statements

Hartalega Holdings Berhad Annual Report 2019

Q1

find the ratios GROUP WISE

1. tLiquidity Ratios

	Comfort Gloves Berhad	Hartalega Holdings
a. Current Ratio Current Assets / Current Liabilities =
b. Acid-Test Ratio (Cash and cash equivalents - Inventories) / Current liabilities =
c. Operating Cash Flow Ratio Operating cash flow / Current liabilities =

2. Leverage Financial Ratios

	Comfort Gloves Berhad	Hartalega Holdings
a. Debt Ratios Total assets / Total debt =
b. Debt to Equity Ratio Total Personal Liabilities / (Personal Asset - Liabilities) =
c. Interest Coverage Ratio EBIT / Interest Expense =
d. Debt Service Coverage Ratio Net Operating Income / Total Debt Service =

3. Efficiency Ratios / Financial Ratios

	Comfort Gloves Berhad	Hartalega Holdings
a. Asset Turnover Ratio Net sales / Average total assets =
b. Inventory Turnover Ratio COGS / Average Inventory =
c. Receivable Turnover Ratio Net Credit Sales / Average Account Receivable =
d. Days Sales in Inventory Ratio (Inventory / Cost of Sales) x 365 =

4. Profitability Ratios

	Comfort Gloves Berhad	Hartalega Holdings
a. Gross Margin Ratio COGS / Gross Margin =
b. Operating Margin Ratio Operating Earnings / Revenue =
c. Return on Asset Ratio Net income / Average Total Assets =
d. Return on Equity Ratio Net income / Shareholders equity =

STATEMENTS OF FINANCIAL POSITION as at 31 January 2019 Group 31.1.2019 31.1.2018 Restated RM RM 31.1.2019 1.2.2017 Restated RM Company 31.1.2018 Restated RM 1.2.2017 Restated RM Note RM ASSETS Non-current assets 5 236,323,631 145,526,627 123,655,837 14,127,348 9,150,951 9,524,025 6 22,211 Property, plant and equipment Goodwill on consolidation Investment in subsidiaries Amount due by subsidiaries 7 85,650,004 181,350,004 85,500,004 8 90,350,000 Total non-current assets 236,345,842 145,526,627 123,655,837 190,127,352190,500,955 95,024,029 Current assets 9 10 83,191,390 39,757,220 43,950,298 98,799,361 81,166,080 50,858,239 11 12,786,364 10,094,014 5,793,618 108,795 140,800 168,508 Inventories Trade receivables Other receivables, deposits and prepayments Amount due by subsidiaries Tax recoverable Derivative financial assets Cash and cash equivalents 8 190,109 96,686,815 250,598 82,569 52,298 8,129,379 196,592 12 329,198 1,700,286 13 23,372,269 28,625,765 23,408,471 625,292 4,009,684 77,525 Total current assets 218,729,180 161,425,934 124,062,924 9,060,058 4,340,593 96,932,848 TOTAL ASSETS 455,075,022 306,952,561 247,718,761 199,187,410 194,841,548 191,956,877 STATEMENTS OF FINANCIAL POSITION (Cont'd) as at 31 January 2019 Group 31.1.2019 31.1.2018 Restated RM RM 1.2.2017 31.1.2019 Restated RM RM Company 31.1.2018 Restated RM 1.2.2017 Restated RM Note EQUITY AND LIABILITIES Equity attributable to owners of the Company Share capital Other reserves Retained earnings Revaluation reserve 14 131,544,004 131,544,004 128,132,608 131,544,004 131,544,004 128,132,608 15 14,360,609 14,360,609 14,360,609 14,360,609 14,360,609 14,360,609 15 111,384,301 90,692,719 54,236,112 45,965,462 46,434,781 47,143,341 16 20,566,970 8,812,987 9,373,038 5,599,317 1,648,930 1,697,244 277,855,884 245,410,319 206,102,367 197,469,392 193,988,324 191,333,802 TOTAL EQUITY Non-current liability 17 Loans and borrowings Deferred tax liabilities 25,922,462 18 16,106,212 6,212,723 1,165,961 1,112,358 253,026 268,283 Total non-current liability 42,028,674 6,212,723 1,165,961 1,112,358 253,026 268,283 Current liabilities 17 19 64,236,441 10,625,373 54,251,068 31,551,006 30,598,664 Loans and borrowings Trade payables Other payables and accruals Contract liability Provision for taxation Derivative financial liabilities 9,560,287 605,660 549,770 344,004 20 21 15,409,356 13,102,712 968,979 324,620 50,428 50,428 10,788 12 291,482 Total current liabilities 135,190,464 55,329,519 40,450,433 605,660 600,198 354,792 TOTAL LIABILITIES 177,219,138 61,542,242 41,616,394 1,718,018 853,224 623,075 TOTAL EQUITY AND LIABILITIES 455,075,022 306,952,561 247,718,761 199,187,410 194,841,548 191,956,877 The accompanying notes form an integral part of these financial statements STATEMENTS OF FINANCIAL POSITION AS AT 31 MARCH 2019 Company 2019 2018 2019 2018 Group Note RM RM RM RM 8 1,896,232,090 173,993, 364 22,899,208 10 11 12 22 1,589,455,722 155,142,964 20.245,190 776.119 1,528,907 ASSETS Non-Current Assets Property, plant and equipment Capital work-in-progress Intangible assets Investments in subsidiaries Deferred tax assets Amount owing by subsidiaries Total Non-Current Assets Current Assets Inventories Trade and other receivables Tax assets Amount owing by subsidiaries Derivative financial assets Cash, bank balances and short-term investments Total Current Assets 647,118,243 787,447185 1.434,565,428 622,176,785 788,451,024 1,410,627,809 2,094,653,560 1,765,619,995 13 14 15 22 16 275,527,359 458,263,408 13,259,729 291,273,696 405,895,209 3,330,452 167.431 222,571 910,670 324,400 9,298,716 17 150,391,288 897,441,784 2.992,095,359 156,561084 866,359,157 2,631,979,152 35,153,778 36,287,019 7,655,006 8,146,846 1,418,774,655 1.470,852.447 TOTAL ASSETS EQUITY AND LIABILITIES Equity Attributable to Owners of the Company Share capital Reserves 18 19 1,400,985,898 855,435,574 1,312,308,547 681,919,346 1,400,985,898 68,780,810 1,312,308,547 105,942,133 2,256,421,472 2,808,589 1,994,227,893 3,163,361 1,469,766,717 1,418,250,680 Non-controlling interest Total Equity 2,259,230,061 1,997,391,254 1.460.766.717 1,418,250,680 Non-Current Liabilities Loans and borrowings Deferred tax liabilities 20 12 195,361,599 125,614,022 122,272,830 98,762,525 320,976,521 221,035,355 Total Non-Current Liabilities Current Liabilities Trade and other payables Loans and borrowings Derivatives financial liabilities Tax liabilities 79,837 21 20 16 15 218.669,781 194,371,214 86,341 259,526,314 148,577,371 1,788,000 1.997,086 511,548 1,005,893 437,634 411,888,771 413,552,543 1,085,730 523,975 Total Current Liabilities Total Liabilities 732,865,292 634,587,898 1,085,730 523,975 TOTAL EQUITY AND LIABILITIES 2,992.095.353 2,631,979,152 1,470,852,447 1,418,774,655 STATEMENTS OF FINANCIAL POSITION as at 31 January 2019 Group 31.1.2019 31.1.2018 Restated RM RM 31.1.2019 1.2.2017 Restated RM Company 31.1.2018 Restated RM 1.2.2017 Restated RM Note RM ASSETS Non-current assets 5 236,323,631 145,526,627 123,655,837 14,127,348 9,150,951 9,524,025 6 22,211 Property, plant and equipment Goodwill on consolidation Investment in subsidiaries Amount due by subsidiaries 7 85,650,004 181,350,004 85,500,004 8 90,350,000 Total non-current assets 236,345,842 145,526,627 123,655,837 190,127,352190,500,955 95,024,029 Current assets 9 10 83,191,390 39,757,220 43,950,298 98,799,361 81,166,080 50,858,239 11 12,786,364 10,094,014 5,793,618 108,795 140,800 168,508 Inventories Trade receivables Other receivables, deposits and prepayments Amount due by subsidiaries Tax recoverable Derivative financial assets Cash and cash equivalents 8 190,109 96,686,815 250,598 82,569 52,298 8,129,379 196,592 12 329,198 1,700,286 13 23,372,269 28,625,765 23,408,471 625,292 4,009,684 77,525 Total current assets 218,729,180 161,425,934 124,062,924 9,060,058 4,340,593 96,932,848 TOTAL ASSETS 455,075,022 306,952,561 247,718,761 199,187,410 194,841,548 191,956,877 STATEMENTS OF FINANCIAL POSITION (Cont'd) as at 31 January 2019 Group 31.1.2019 31.1.2018 Restated RM RM 1.2.2017 31.1.2019 Restated RM RM Company 31.1.2018 Restated RM 1.2.2017 Restated RM Note EQUITY AND LIABILITIES Equity attributable to owners of the Company Share capital Other reserves Retained earnings Revaluation reserve 14 131,544,004 131,544,004 128,132,608 131,544,004 131,544,004 128,132,608 15 14,360,609 14,360,609 14,360,609 14,360,609 14,360,609 14,360,609 15 111,384,301 90,692,719 54,236,112 45,965,462 46,434,781 47,143,341 16 20,566,970 8,812,987 9,373,038 5,599,317 1,648,930 1,697,244 277,855,884 245,410,319 206,102,367 197,469,392 193,988,324 191,333,802 TOTAL EQUITY Non-current liability 17 Loans and borrowings Deferred tax liabilities 25,922,462 18 16,106,212 6,212,723 1,165,961 1,112,358 253,026 268,283 Total non-current liability 42,028,674 6,212,723 1,165,961 1,112,358 253,026 268,283 Current liabilities 17 19 64,236,441 10,625,373 54,251,068 31,551,006 30,598,664 Loans and borrowings Trade payables Other payables and accruals Contract liability Provision for taxation Derivative financial liabilities 9,560,287 605,660 549,770 344,004 20 21 15,409,356 13,102,712 968,979 324,620 50,428 50,428 10,788 12 291,482 Total current liabilities 135,190,464 55,329,519 40,450,433 605,660 600,198 354,792 TOTAL LIABILITIES 177,219,138 61,542,242 41,616,394 1,718,018 853,224 623,075 TOTAL EQUITY AND LIABILITIES 455,075,022 306,952,561 247,718,761 199,187,410 194,841,548 191,956,877 The accompanying notes form an integral part of these financial statements STATEMENTS OF FINANCIAL POSITION AS AT 31 MARCH 2019 Company 2019 2018 2019 2018 Group Note RM RM RM RM 8 1,896,232,090 173,993, 364 22,899,208 10 11 12 22 1,589,455,722 155,142,964 20.245,190 776.119 1,528,907 ASSETS Non-Current Assets Property, plant and equipment Capital work-in-progress Intangible assets Investments in subsidiaries Deferred tax assets Amount owing by subsidiaries Total Non-Current Assets Current Assets Inventories Trade and other receivables Tax assets Amount owing by subsidiaries Derivative financial assets Cash, bank balances and short-term investments Total Current Assets 647,118,243 787,447185 1.434,565,428 622,176,785 788,451,024 1,410,627,809 2,094,653,560 1,765,619,995 13 14 15 22 16 275,527,359 458,263,408 13,259,729 291,273,696 405,895,209 3,330,452 167.431 222,571 910,670 324,400 9,298,716 17 150,391,288 897,441,784 2.992,095,359 156,561084 866,359,157 2,631,979,152 35,153,778 36,287,019 7,655,006 8,146,846 1,418,774,655 1.470,852.447 TOTAL ASSETS EQUITY AND LIABILITIES Equity Attributable to Owners of the Company Share capital Reserves 18 19 1,400,985,898 855,435,574 1,312,308,547 681,919,346 1,400,985,898 68,780,810 1,312,308,547 105,942,133 2,256,421,472 2,808,589 1,994,227,893 3,163,361 1,469,766,717 1,418,250,680 Non-controlling interest Total Equity 2,259,230,061 1,997,391,254 1.460.766.717 1,418,250,680 Non-Current Liabilities Loans and borrowings Deferred tax liabilities 20 12 195,361,599 125,614,022 122,272,830 98,762,525 320,976,521 221,035,355 Total Non-Current Liabilities Current Liabilities Trade and other payables Loans and borrowings Derivatives financial liabilities Tax liabilities 79,837 21 20 16 15 218.669,781 194,371,214 86,341 259,526,314 148,577,371 1,788,000 1.997,086 511,548 1,005,893 437,634 411,888,771 413,552,543 1,085,730 523,975 Total Current Liabilities Total Liabilities 732,865,292 634,587,898 1,085,730 523,975 TOTAL EQUITY AND LIABILITIES 2,992.095.353 2,631,979,152 1,470,852,447 1,418,774,655