how to Relate company performance of the company financial theory:

1. capital structure,

2. capital cost,

3. capital budget

4. Merge & acquisition

Given the company is Wah Seong Corparation Berhad. Listed company in bursa Kindly show how to make comparision base on financial performance on 4th quarter 2019 vs 1st quarter 2020. Show the explanation and calculations

PS Hon x PNS X Z Ziml x 5 Mic x Coux C Get X How x | Get x C Get X C Get X Micr X W Inve x | Mic x + F + c 0 File C:/Users/haslinda.shafie/Downloads/document.pdf H Company name Stock name Financial Period Ended Quarter WAH SEONG CORPORATION BERHAD (Company No.:495846-A) : WASEONG : 31 March 2020 1 Quarterly Report on Consolidated Results for the First Quarter Ended 31 March 2020 CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS Individual Quarter Cumulative Period Preceding Year Corresponding Quarter Ended 31 March Current Quarter Ended 31 March 2020 Unaudited RM"000 Preceding Corresponding Current Period Period To-date To-date Ended Ended 31 March 31 March 2020 2019 Unaudited Unaudited RM'000 RM'000 2019 Unaudited RM'000 326,740 (303,169) 23,571 26,830 (8,500) 683,755 (600.215) 83,540 11,353 (7.213) 326,740 (303,169) 23,571 26,830 (8,500) 683,755 (600.215) 83,540 11,353 (7.213) Gross revenue Cost of sales Gross profit Other operating income Selling and distribution expenses Administrative and general expenses Other gains/(losses) - net Finance costs Share of results of associates and joint ventures (Loss)/Profit before tax Taxation Net (lossyprofit for the financial period (63.732) 277 (12,329) (48,844) (120) (12,434) (63,732) 277 (12,329) (48,844) (120) (12,434) (9,373) (43,256) (2.947) (25) 26,257 (10,346) (9,373) (43,256) (2.947) (25) 26,257 (10,346) (46,203) 15,911 (46,203) 15,911 Net (lossyprofit attributable to: - Owners of the Company - Non-controlling interests (44,426) (1,777) (46,203) 20,201 (4,290) 15,911 (1.777) (46,203) 20,201 (4.290) 15,911 Earnings per share -Basic earnings per share (sen) Diluted earnings per share (sen) (5.77) (5.77) 2.62 2.62 (5.77) (5.77) 2.62 2.62 z document.pdf w Last Edited 3.47p....docx w Last Edited 3.47p....docx GA03201 - REVISI....xlsx TUTORIAL 7 CKHT.doc Show all 1:39 PM Q BI e 1 e W In ) ENG 4/8/2020 Company name Stock name Financial Period Ended Quarter WAH SEONG CORPORATION BERHAD (Company No.:495846-A) : WASEONG : 31 March 2020 Quarterly Report on Consolidated Results for the First Quarter Ended 31 March 2020 CONDENSED CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME Individual Quarter Cumulative Period Current Quarter Ended 31 March 2020 Unaudited RM'000 Preceding Year Corresponding Quarter Ended 31 March 2019 Unaudited RM"000 Current Period To-date Ended 31 March 2020 Unaudited RM000 Preceding Corresponding Period To-date Ended 31 March 2019 Unaudited RM '000 (46,203) 15,911 (46,203) 15,911 Net (loss)/profit for the financial period Other comprehensive income, net of tax: Items that may be subsequently reclassified to profit or loss Share of other comprehensive income of an associate, net of tax Foreign currency translation differences for foreign operations 341 763 341 763 10.550 10,891 2.418 3,181 10.550 10.891 2,418 3,181 Total comprehensive (expense income for the financial period (35,312 19,092 (35,312) 19,092 Total comprehensive (expense/income attributable to: - Owners of the Company - Non-controlling interests (33,749) (1,563) 23 206 (4.114) 19,092 (33,749) (1,563) (35.3121 23,206 (4,114) 19,092 (35,312) (The Condensed Consolidated Statements of Other Comprehensive Income should be read in conjunction with the Audited Financial Statements for the financial year ended 31 December 2019) PS Hon x PNS X Z Ziml x Micr X Coux C Get X How x | Get x C Get X C Get X Micr X W Inve x | Mic x + F + c 0 File C:/Users/haslinda.shafie/Downloads/document.pdf H Quarter Quarterly Report on Consolidated Results for the First Quarter Ended 31 March 2020 CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION As at 31 March 2020 Unaudited RM'000 As at 31 December 2019 Audited RM"000 ASSETS Non-Current Assets Property, plant and equipment Right-of-use assets Investment properties Goodwill and other intangible assets Deferred tax assets Investment in associates Investment in joint ventures Finance lease receivables Contract assets Investment in equity instruments 648,476 310,501 9,389 151,037 54,131 204,769 108,143 2,750 96.911 4 1,586,111 672,852 314,428 9,340 144,014 52,567 207,827 111,627 5,474 88,738 6 1,606,873 Current Assets Inventories Contract assets Trade and other receivables Amounts owing by associates Amounts owing by joint ventures Finance lease receivables Tax recoverable Derivative financial assets Time deposits Cash and bank balances 251,686 101,389 472.295 17 245 42,745 12.602 4,002 2.741 60,764 136.322 1,101,791 267,078 119,373 439,848 20,386 47.803 12,352 3,071 1,101 52.765 94,700 1,058,477 2,687,902 2,665,350 TOTAL ASSETS EQUITY AND LIABILITIES Capital and Reserves Attributable to Owners of the Company Share capital Treasury shares Exchange translation reserves Retained profits Equity attributable to owners of the Company Non-controlling interests 547,690 (4,779) 6,082 389.967 547,690 (4,779) (4,595) 441,630 938,960 59.689 979,946 61,252 TOTAL EQUITY 998,649 1,041,198 2 document.pdf W Last Edited 3.47p....docx WE Last Edited 3.47p....docx GA03201 - REVISI....xlsx TUTORIAL 7 CKHT.doc Show all 1:39 PM Q 1 e e W In ) ENG 4/8/2020 Company name Stock name Financial Period Ended Quarter WAH SEONG CORPORATION BERHAD (Company No.:495846-A) WASEONG : 31 March 2020 Quarterly Report on Consolidated Results for the First Quarter Ended 31 March 2020 CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (continued) As at 31 March 2020 Unaudited RM'000 As at 31 December 2019 Audited RM"000 12.271 219,068 8,369 212.235 451.943 11.915 220,717 7,674 217.959 458,265 LIABILITIES Non-Current and Deferred Liabilities Deferred tax liabilities Lease liabilities Trade and other payables Loans and borrowings Current Liabilities Lease liabilities Contract liabilities Trade and other payables Provision for warranties Amounts owing to associates Amounts owing to joint ventures Loans and borrowings Dividend payable Current tax liabilities Derivative financial liabilities 14,127 98 217 286,197 9,137 13 6,005 758,431 29,309 32,598 3.276 1.237.310 14.047 62.916 291,74 9,061 33 5.546 730,136 21.904 28.638 1,860 1,165.887 TOTAL LIABILITIES 1,689,253 1,624,152 TOTAL EQUITY AND LIABILITIES 2,687,902 2,665,350 (The Condensed Consolidated Statements of Financial Position should be read in conjunction with the Audited Financial Statements for the financial year ended 31 December 2019) Company name Stock name Financial Period Ended Quarter WAH SEONG CORPORATION BERHAD (Company No.:495846-A) WASEONG : 31 March 2020 1 Quarterly Report on Consolidated Results for the First Quarter Ended 31 March 2020 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS Preceding Current Period Corresponding Period To-date Ended To-date Ended 31 March 2020 31 March 2019 Unaudited RM'000 RMPOOO Unaudited 26.257 Cash flows from operating activities (Loss Profit before tax Adjustments for non-operating items: Depreciation and amortisation Other non-cash items Interest expense Interest income Operating profit before changes in working capital Changes in working capital Net changes in current assets Net changes in current liabilities Cash generated from operations Interest received (43.256 28.576 11,828 12,329 (1.179) 8,298 44,181 (16,162) 12.434 (1.458) 65.252 3.198 28,177 37.673 1,179 (12,329) (16,811) 48,967 97,408 1.458 (12,434) (4.03B) Interest paid Tax paid 3.028 (7.772) (1081 (19,934) 32.271 14,105 (949) 1,731 16,863 (938) 38,510 (25) (804) (3.900) Net cash generated from operating activities Cash flows from investing activities Purchase of property, plant and equipment Purchase of investment properties Proceeds from disposal of property, plant and equipment Proceeds from disposal of investment properties Transfer to from deposits and short term investment Dividends received from an associate Net amount from(to) associates Net Net cash generated from used in) investing activities amount to joint ventures Cash flows from financing activities Drawdown of other bank borrowings Repayments of other bank borrowings Drawdown of term loans Repayment of term loans Utilisation of advances from customer Principal elements of lease payments Net cash used in financing activities Net changes in cash and cash equivalents Currency translation differences Cash and cash equivalents at beginning of the financial period Cash and cash equivalents at end of the financial period 130,683 (128,158) 261,335 (255,323) 23.073 29.146 (41.154) (3,452) (19.000 (17,816) (119,826) (2.900) (105,384) 44,000 (26.890) 4,672 (2,025) 124,172 172,844 215,259 188.344 Company name Stock name Financial Period Ended Quarter : WAH SEONG CORPORATION BERHAD (Company No.:495846-A) WASEONG 31 March 2020 1 Quarterly Report on Consolidated Results for the First Quarter Ended 31 March 2020 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (continued) Preceding Current Period Corresponding Period To-date Ended To-date Ended 31 March 2020 31 March 2019 Unaudited Unaudited RM000 RM 000 Cash and cash equivalents at the end of the financial period comprise of the following: 60.784 138,322 197.088 53.167 133,791 186,958 Time deposits Cash and bank balances Subtotal Less: Time deposits with maturity more than 3 months Short term investments (23.8191 (623) 172.844 (614) 186 344 (The Condensed Consolidated Statement of Cash Flows should be read in conjunction with the Audited Financial Statements for the financial year ended 31 December 2019) Company name Stock nams Financis Financial Period Ended Quarter WAH SEONG CORPORATION BERHAD (Company No.:495846-A) WASEONG 31 December 2019 Quarterly Report on Consolidated Results for the Fourth Quarter Ended 31 December 2019 CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS Individual Quarter Cumulative Period Current Quarter Ended 31 December 2019 Unaudited RM'000 Preceding Year Corresponding Quarter Ended 31 December 2018 Unaudited RM'000 Financial Year Ended 31 December 2019 Unaudited RM'000 Preceding Corresponding Financial Year Ended 31 December 2018 Auditori RM 000 429,250 (354,587) 74,663 15,942 (8.458) 706,369 (628.088) 78,281 13,437 (6,365) 2,514,916 (2.206,858) 308,058 36,528 (32,389) 2,961,131 (2,625,280) 335,851 57,952 (27.314) Gross revenue Cost of sales Gross profit Other operating income Selling and distribution expenses Administrative and general expenses Other (losses gains -net Finance costs Share of results of associates and joint ventures (Loss)/Profit before tax Taxation Net (loss)/profit for the financial periodyear (116,457) (965 (15,151) (63,143) 892 (10,170) (247,316) (896) (54,652) (202,215) 44 (38,940) (13,405) (63.831) 30 (7.917) 5,015 (15,950) (3.771) 5,562 8.005 (18.290) 107,088 (47,226) (33,201) (10,935) 13,567 59,862 Net (lossy/profit attributable to: - Owners of the Company - Non-controlling interests 64.797 (30,593) (2,608) (33,201) (9,977) (958) (10,935) 24,136 (10,569) 13,567 (4.935 59,862 Earnings per share - Basic earnings per share (sen) - Diluted earnings per share (sen) (3.97) (3.97) (1.29) (1.29) 3.13 3.13 8.39 8.39 Company name Stock name Period Ended Quarter WAH SEONG CORPORATION BERHAD (Company No.:495846-A) WASEONG 31 Financial Po December 2019 4 Quarterly Report on Consolidated Results for the Fourth Quarter Ended 31 December 2019 CONDENSED CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME Individual Quarter Cumulative Period Preceding Preceding Year Corresponding Current Corresponding Financial Financial Quarter Ended Quarter Ended Year Ended Year Ended 31 December 31 December 31 December 31 December 2019 2018 2019 2018 Unaudited Unaudited Unaudited Audited RM'000 RM'000 RM 000 RM'000 Net (loss) profit for the (33,201) (10,935) 13,567 59,862 financial period/year Other comprehensive (expense income, net of tax: Items that may be subsequently reclassified to profit or loss Available-for-sale financial assets - Fair value gain Share of other comprehensive (expense)/income of an associate, net of tax (103) (170) Foreign currency translation differences for foreign operations (2,032) (3,292) 1,412 (2.135) (3.282 2.10B Total comprehensive (expense/income for the financial period/year (35,336) (14,217) 13,673 61,970 Total comprehensive (expense)/income attributable to: - Owners of the Company - Non-controlling interests (32,630 (2,706) (35,336) (13,464) (753) (14,217) 24,220 (10,547) 13,673 66.338 (4,368) 61,970 (The Condensed Consolidated Statements of Other Comprehensive Income should be read in conjunction with the Audited Financial Statements for the financial year ended 31 December 2018) Stock name Financial Period Ended WASEONG : 31 December 2019 4 Quarter Quarterly Report on Consolidated Results for the Fourth Quarter Ended 31 December 2019 CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION As a 31 December 2019 Unaudited RM'000 As at 31 December 2018 Audited RM1000 831,587 89.256 16,621 ASSETS Non-Current Assets Property, plant and equipment Prepaid lease payments Investment properties Right-of-use assets Investment in associates Investment in joint ventures Finance lease receivables Contract assets Investment in equity instruments Goodwill and other intangible assets Deferred tax assets 672,852 87,934 9,340 226,500 207,827 111,627 5,474 88,738 182.029 126.368 18,042 144,014 52,567 1.606 879 145,404 43,344 1452657 Current Assets Inventories Contract assets Trade and other receivables Amounts owing by associates Finance Lowing by joint ventures e lease receivables Tax recoverable Derivative financial assets Time deposits Cash and bank balances 267,078 112,354 446,861 20,386 47,803 12,352 3,071 1,101 52,765 94.700 1,058,471 324,666 96,869 560,707 11.617 55,471 14,380 15,479 146 76,373 156 363 1,311,071 Assets classified as held for sale 2.207 TOTAL ASSETS 2,665,350 2,765,935 547.690 (4.779) EQUITY AND LIABILITIES Capital and Reserves Attributable to Owners of the Company Share capital Treasury shares Exchange translation reserves Retained profits Equity attributable to owners of the Company Non-controlling interests TOTAL EQUITY 547,690 (4,779) (4,595) 441,630 979,946 61,252 965.726 81,118 1,041,198 1,036,844 E Financoecember 2013 Year Ended Financial Year Ended Preceding Corresponding 31 December 2018 Audited RM 000 Unaudited RM1000 5,562 107,088 153,589 57,249 54,652 189,765 11.692 38.940 14.992) 286,060 340.798 oceeds from disposal of prepaid lease payments Proion of CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS 31 Cash flows from operating activities Profit before tax Adjustments for non-operating items: Depreciation and amortisation Other non-cash items Interest expense Operating profit before changes in working capital Interest income Changes in working capital Net changes in current assets Net changes in current liabilities Cash generated from operations Interest received Interest paid Tax paid Net cash generated from operating activities Cash flows from investing activities Purchase of property, plant and equipment Purchase of investment properties Purchase of intangible assets from disposal of property, plant and equipment Proceeds from disposal of assets held for sale Proceeds from disposal of an associate Transfer (to from deposits and short term investment Dividends received from an associate Dividends received from joint venture Net amount from/to) associates Net amount from joint ventures Net cash (used in generated from investing activities Cash flows from financing activities Purchase of treasury shares Drawdown of other bank borrowings Repayments of other bank borrowings Drawdown of term loans Repayment of term loans Drawdown of fixed rate notes Repayment of fixed rate notes n of advances from customer s from non-controlling interests on issuance of new shares by an existing subsidiary Dividend paid to non-controlling interests Principal elements of lease payments Net cash used in financing activities Net changes in cash and cash equivalents Currency translation differences Cash and cash equivalents at beginning of the financial year Cash and cash equivalents end of the financial year 7 2,684 2.791 271,585 (12,517) (85.143) 243.138 4.992 6.687 (54,652 (10,178) 211.697 (38.940) (13,994) 198.891 (62,282) 32,063 (98,207) (7216) (111 65,433 87.110 46.288 (5,816) 1,735 21 703 56.421 257 4,312 (793) 1,545 (32,394) 165.577 1.271.840 1,252.489 (1.209,203 210.190 (153,582) 19.583 (9,027) (357.484) (2.448) (1,399,674 124,217 (110.677) 2.071 (23,083) (213,937) 1.690 (10,881 (12,138) (268,324 (10,178) (362,089) (89,021) (9,601) (2.065) (2.250) 215, 259 124.173 Company name Stock name Financial Period Ended Quarter WAH SEONG CORPORATION BERHAD (Company No.:495846-A) : WASEONG : 31 December 2019 Quarterly Report on Consolidated Results for the Fourth Quarter Ended 31 December 2019 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (continued) Financialty Financial Year Ended 31 December 2019 Unaudited RM1000 Preceding Corresponding al Year Ended 31 December 2018 Unaudited RM000 Cash and cash equivalents at the end of the financial year comprise of the following: Time deposits Cash and bank balances Subtotal 52,765 94.700 78,373 156,363 232.736 Time deposits with maturity more than 3 months Short term investments (16,868) (22,689 (623) 124.173 215.259 (The Condensed Consolidated Statement of Cash Flows should be read in conjunction with the Audited Financial Statements for the financial year ended 31 December 2018) Company name Stock name Financial Period Ended Quarter WAH SEONG CORPORATION BERHAD (Company No.:495846-A) : WASEONG : 31 December 2019 Quarterly Report on Consolidated Results for the Fourth Quarter Ended 31 December 2019 CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (continued) As at 31 December 2019 Unaudited RM 000 As at 31 December 2018 Audited RM1000 220,717 216,959 11,915 129,410 13,804 7674 6294 457,265 149.50B 62,916 LIABILITIES Non-Current and Deferred Liabilities Lease liabilities Loans and borrowings Deferred tax liabilities Trade and other payables Current Liabilities Contract liabilities Trade and other payables Lease liabilities Provision for warranties Amounts owing to associates Amounts owing to joint ventures Loans and borrowings Dividend payable Current tax liabilities Derivative financial liabilities 291,748 52.792 726,350 8,895 14,047 9,061 33 5,546 731, 136 21,904 28,638 1,860 1,166,887 3.959 718.215 14,004 55,368 1,579,583 TOTAL LIABILITIES 1,624,152 1,729,091 TOTAL EQUITY AND LIABILITIES 2,665,350 2,765,935 (The Condensed Consolidated Statements of Financial Position should be read in conjunction with the Audited Financial Statements for the financial year ended 31 December 2018) PS Hon x PNS X Z Ziml x 5 Mic x Coux C Get X How x | Get x C Get X C Get X Micr X W Inve x | Mic x + F + c 0 File C:/Users/haslinda.shafie/Downloads/document.pdf H Company name Stock name Financial Period Ended Quarter WAH SEONG CORPORATION BERHAD (Company No.:495846-A) : WASEONG : 31 March 2020 1 Quarterly Report on Consolidated Results for the First Quarter Ended 31 March 2020 CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS Individual Quarter Cumulative Period Preceding Year Corresponding Quarter Ended 31 March Current Quarter Ended 31 March 2020 Unaudited RM"000 Preceding Corresponding Current Period Period To-date To-date Ended Ended 31 March 31 March 2020 2019 Unaudited Unaudited RM'000 RM'000 2019 Unaudited RM'000 326,740 (303,169) 23,571 26,830 (8,500) 683,755 (600.215) 83,540 11,353 (7.213) 326,740 (303,169) 23,571 26,830 (8,500) 683,755 (600.215) 83,540 11,353 (7.213) Gross revenue Cost of sales Gross profit Other operating income Selling and distribution expenses Administrative and general expenses Other gains/(losses) - net Finance costs Share of results of associates and joint ventures (Loss)/Profit before tax Taxation Net (lossyprofit for the financial period (63.732) 277 (12,329) (48,844) (120) (12,434) (63,732) 277 (12,329) (48,844) (120) (12,434) (9,373) (43,256) (2.947) (25) 26,257 (10,346) (9,373) (43,256) (2.947) (25) 26,257 (10,346) (46,203) 15,911 (46,203) 15,911 Net (lossyprofit attributable to: - Owners of the Company - Non-controlling interests (44,426) (1,777) (46,203) 20,201 (4,290) 15,911 (1.777) (46,203) 20,201 (4.290) 15,911 Earnings per share -Basic earnings per share (sen) Diluted earnings per share (sen) (5.77) (5.77) 2.62 2.62 (5.77) (5.77) 2.62 2.62 z document.pdf w Last Edited 3.47p....docx w Last Edited 3.47p....docx GA03201 - REVISI....xlsx TUTORIAL 7 CKHT.doc Show all 1:39 PM Q BI e 1 e W In ) ENG 4/8/2020 Company name Stock name Financial Period Ended Quarter WAH SEONG CORPORATION BERHAD (Company No.:495846-A) : WASEONG : 31 March 2020 Quarterly Report on Consolidated Results for the First Quarter Ended 31 March 2020 CONDENSED CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME Individual Quarter Cumulative Period Current Quarter Ended 31 March 2020 Unaudited RM'000 Preceding Year Corresponding Quarter Ended 31 March 2019 Unaudited RM"000 Current Period To-date Ended 31 March 2020 Unaudited RM000 Preceding Corresponding Period To-date Ended 31 March 2019 Unaudited RM '000 (46,203) 15,911 (46,203) 15,911 Net (loss)/profit for the financial period Other comprehensive income, net of tax: Items that may be subsequently reclassified to profit or loss Share of other comprehensive income of an associate, net of tax Foreign currency translation differences for foreign operations 341 763 341 763 10.550 10,891 2.418 3,181 10.550 10.891 2,418 3,181 Total comprehensive (expense income for the financial period (35,312 19,092 (35,312) 19,092 Total comprehensive (expense/income attributable to: - Owners of the Company - Non-controlling interests (33,749) (1,563) 23 206 (4.114) 19,092 (33,749) (1,563) (35.3121 23,206 (4,114) 19,092 (35,312) (The Condensed Consolidated Statements of Other Comprehensive Income should be read in conjunction with the Audited Financial Statements for the financial year ended 31 December 2019) PS Hon x PNS X Z Ziml x Micr X Coux C Get X How x | Get x C Get X C Get X Micr X W Inve x | Mic x + F + c 0 File C:/Users/haslinda.shafie/Downloads/document.pdf H Quarter Quarterly Report on Consolidated Results for the First Quarter Ended 31 March 2020 CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION As at 31 March 2020 Unaudited RM'000 As at 31 December 2019 Audited RM"000 ASSETS Non-Current Assets Property, plant and equipment Right-of-use assets Investment properties Goodwill and other intangible assets Deferred tax assets Investment in associates Investment in joint ventures Finance lease receivables Contract assets Investment in equity instruments 648,476 310,501 9,389 151,037 54,131 204,769 108,143 2,750 96.911 4 1,586,111 672,852 314,428 9,340 144,014 52,567 207,827 111,627 5,474 88,738 6 1,606,873 Current Assets Inventories Contract assets Trade and other receivables Amounts owing by associates Amounts owing by joint ventures Finance lease receivables Tax recoverable Derivative financial assets Time deposits Cash and bank balances 251,686 101,389 472.295 17 245 42,745 12.602 4,002 2.741 60,764 136.322 1,101,791 267,078 119,373 439,848 20,386 47.803 12,352 3,071 1,101 52.765 94,700 1,058,477 2,687,902 2,665,350 TOTAL ASSETS EQUITY AND LIABILITIES Capital and Reserves Attributable to Owners of the Company Share capital Treasury shares Exchange translation reserves Retained profits Equity attributable to owners of the Company Non-controlling interests 547,690 (4,779) 6,082 389.967 547,690 (4,779) (4,595) 441,630 938,960 59.689 979,946 61,252 TOTAL EQUITY 998,649 1,041,198 2 document.pdf W Last Edited 3.47p....docx WE Last Edited 3.47p....docx GA03201 - REVISI....xlsx TUTORIAL 7 CKHT.doc Show all 1:39 PM Q 1 e e W In ) ENG 4/8/2020 Company name Stock name Financial Period Ended Quarter WAH SEONG CORPORATION BERHAD (Company No.:495846-A) WASEONG : 31 March 2020 Quarterly Report on Consolidated Results for the First Quarter Ended 31 March 2020 CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (continued) As at 31 March 2020 Unaudited RM'000 As at 31 December 2019 Audited RM"000 12.271 219,068 8,369 212.235 451.943 11.915 220,717 7,674 217.959 458,265 LIABILITIES Non-Current and Deferred Liabilities Deferred tax liabilities Lease liabilities Trade and other payables Loans and borrowings Current Liabilities Lease liabilities Contract liabilities Trade and other payables Provision for warranties Amounts owing to associates Amounts owing to joint ventures Loans and borrowings Dividend payable Current tax liabilities Derivative financial liabilities 14,127 98 217 286,197 9,137 13 6,005 758,431 29,309 32,598 3.276 1.237.310 14.047 62.916 291,74 9,061 33 5.546 730,136 21.904 28.638 1,860 1,165.887 TOTAL LIABILITIES 1,689,253 1,624,152 TOTAL EQUITY AND LIABILITIES 2,687,902 2,665,350 (The Condensed Consolidated Statements of Financial Position should be read in conjunction with the Audited Financial Statements for the financial year ended 31 December 2019) Company name Stock name Financial Period Ended Quarter WAH SEONG CORPORATION BERHAD (Company No.:495846-A) WASEONG : 31 March 2020 1 Quarterly Report on Consolidated Results for the First Quarter Ended 31 March 2020 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS Preceding Current Period Corresponding Period To-date Ended To-date Ended 31 March 2020 31 March 2019 Unaudited RM'000 RMPOOO Unaudited 26.257 Cash flows from operating activities (Loss Profit before tax Adjustments for non-operating items: Depreciation and amortisation Other non-cash items Interest expense Interest income Operating profit before changes in working capital Changes in working capital Net changes in current assets Net changes in current liabilities Cash generated from operations Interest received (43.256 28.576 11,828 12,329 (1.179) 8,298 44,181 (16,162) 12.434 (1.458) 65.252 3.198 28,177 37.673 1,179 (12,329) (16,811) 48,967 97,408 1.458 (12,434) (4.03B) Interest paid Tax paid 3.028 (7.772) (1081 (19,934) 32.271 14,105 (949) 1,731 16,863 (938) 38,510 (25) (804) (3.900) Net cash generated from operating activities Cash flows from investing activities Purchase of property, plant and equipment Purchase of investment properties Proceeds from disposal of property, plant and equipment Proceeds from disposal of investment properties Transfer to from deposits and short term investment Dividends received from an associate Net amount from(to) associates Net Net cash generated from used in) investing activities amount to joint ventures Cash flows from financing activities Drawdown of other bank borrowings Repayments of other bank borrowings Drawdown of term loans Repayment of term loans Utilisation of advances from customer Principal elements of lease payments Net cash used in financing activities Net changes in cash and cash equivalents Currency translation differences Cash and cash equivalents at beginning of the financial period Cash and cash equivalents at end of the financial period 130,683 (128,158) 261,335 (255,323) 23.073 29.146 (41.154) (3,452) (19.000 (17,816) (119,826) (2.900) (105,384) 44,000 (26.890) 4,672 (2,025) 124,172 172,844 215,259 188.344 Company name Stock name Financial Period Ended Quarter : WAH SEONG CORPORATION BERHAD (Company No.:495846-A) WASEONG 31 March 2020 1 Quarterly Report on Consolidated Results for the First Quarter Ended 31 March 2020 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (continued) Preceding Current Period Corresponding Period To-date Ended To-date Ended 31 March 2020 31 March 2019 Unaudited Unaudited RM000 RM 000 Cash and cash equivalents at the end of the financial period comprise of the following: 60.784 138,322 197.088 53.167 133,791 186,958 Time deposits Cash and bank balances Subtotal Less: Time deposits with maturity more than 3 months Short term investments (23.8191 (623) 172.844 (614) 186 344 (The Condensed Consolidated Statement of Cash Flows should be read in conjunction with the Audited Financial Statements for the financial year ended 31 December 2019) Company name Stock nams Financis Financial Period Ended Quarter WAH SEONG CORPORATION BERHAD (Company No.:495846-A) WASEONG 31 December 2019 Quarterly Report on Consolidated Results for the Fourth Quarter Ended 31 December 2019 CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS Individual Quarter Cumulative Period Current Quarter Ended 31 December 2019 Unaudited RM'000 Preceding Year Corresponding Quarter Ended 31 December 2018 Unaudited RM'000 Financial Year Ended 31 December 2019 Unaudited RM'000 Preceding Corresponding Financial Year Ended 31 December 2018 Auditori RM 000 429,250 (354,587) 74,663 15,942 (8.458) 706,369 (628.088) 78,281 13,437 (6,365) 2,514,916 (2.206,858) 308,058 36,528 (32,389) 2,961,131 (2,625,280) 335,851 57,952 (27.314) Gross revenue Cost of sales Gross profit Other operating income Selling and distribution expenses Administrative and general expenses Other (losses gains -net Finance costs Share of results of associates and joint ventures (Loss)/Profit before tax Taxation Net (loss)/profit for the financial periodyear (116,457) (965 (15,151) (63,143) 892 (10,170) (247,316) (896) (54,652) (202,215) 44 (38,940) (13,405) (63.831) 30 (7.917) 5,015 (15,950) (3.771) 5,562 8.005 (18.290) 107,088 (47,226) (33,201) (10,935) 13,567 59,862 Net (lossy/profit attributable to: - Owners of the Company - Non-controlling interests 64.797 (30,593) (2,608) (33,201) (9,977) (958) (10,935) 24,136 (10,569) 13,567 (4.935 59,862 Earnings per share - Basic earnings per share (sen) - Diluted earnings per share (sen) (3.97) (3.97) (1.29) (1.29) 3.13 3.13 8.39 8.39 Company name Stock name Period Ended Quarter WAH SEONG CORPORATION BERHAD (Company No.:495846-A) WASEONG 31 Financial Po December 2019 4 Quarterly Report on Consolidated Results for the Fourth Quarter Ended 31 December 2019 CONDENSED CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME Individual Quarter Cumulative Period Preceding Preceding Year Corresponding Current Corresponding Financial Financial Quarter Ended Quarter Ended Year Ended Year Ended 31 December 31 December 31 December 31 December 2019 2018 2019 2018 Unaudited Unaudited Unaudited Audited RM'000 RM'000 RM 000 RM'000 Net (loss) profit for the (33,201) (10,935) 13,567 59,862 financial period/year Other comprehensive (expense income, net of tax: Items that may be subsequently reclassified to profit or loss Available-for-sale financial assets - Fair value gain Share of other comprehensive (expense)/income of an associate, net of tax (103) (170) Foreign currency translation differences for foreign operations (2,032) (3,292) 1,412 (2.135) (3.282 2.10B Total comprehensive (expense/income for the financial period/year (35,336) (14,217) 13,673 61,970 Total comprehensive (expense)/income attributable to: - Owners of the Company - Non-controlling interests (32,630 (2,706) (35,336) (13,464) (753) (14,217) 24,220 (10,547) 13,673 66.338 (4,368) 61,970 (The Condensed Consolidated Statements of Other Comprehensive Income should be read in conjunction with the Audited Financial Statements for the financial year ended 31 December 2018) Stock name Financial Period Ended WASEONG : 31 December 2019 4 Quarter Quarterly Report on Consolidated Results for the Fourth Quarter Ended 31 December 2019 CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION As a 31 December 2019 Unaudited RM'000 As at 31 December 2018 Audited RM1000 831,587 89.256 16,621 ASSETS Non-Current Assets Property, plant and equipment Prepaid lease payments Investment properties Right-of-use assets Investment in associates Investment in joint ventures Finance lease receivables Contract assets Investment in equity instruments Goodwill and other intangible assets Deferred tax assets 672,852 87,934 9,340 226,500 207,827 111,627 5,474 88,738 182.029 126.368 18,042 144,014 52,567 1.606 879 145,404 43,344 1452657 Current Assets Inventories Contract assets Trade and other receivables Amounts owing by associates Finance Lowing by joint ventures e lease receivables Tax recoverable Derivative financial assets Time deposits Cash and bank balances 267,078 112,354 446,861 20,386 47,803 12,352 3,071 1,101 52,765 94.700 1,058,471 324,666 96,869 560,707 11.617 55,471 14,380 15,479 146 76,373 156 363 1,311,071 Assets classified as held for sale 2.207 TOTAL ASSETS 2,665,350 2,765,935 547.690 (4.779) EQUITY AND LIABILITIES Capital and Reserves Attributable to Owners of the Company Share capital Treasury shares Exchange translation reserves Retained profits Equity attributable to owners of the Company Non-controlling interests TOTAL EQUITY 547,690 (4,779) (4,595) 441,630 979,946 61,252 965.726 81,118 1,041,198 1,036,844 E Financoecember 2013 Year Ended Financial Year Ended Preceding Corresponding 31 December 2018 Audited RM 000 Unaudited RM1000 5,562 107,088 153,589 57,249 54,652 189,765 11.692 38.940 14.992) 286,060 340.798 oceeds from disposal of prepaid lease payments Proion of CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS 31 Cash flows from operating activities Profit before tax Adjustments for non-operating items: Depreciation and amortisation Other non-cash items Interest expense Operating profit before changes in working capital Interest income Changes in working capital Net changes in current assets Net changes in current liabilities Cash generated from operations Interest received Interest paid Tax paid Net cash generated from operating activities Cash flows from investing activities Purchase of property, plant and equipment Purchase of investment properties Purchase of intangible assets from disposal of property, plant and equipment Proceeds from disposal of assets held for sale Proceeds from disposal of an associate Transfer (to from deposits and short term investment Dividends received from an associate Dividends received from joint venture Net amount from/to) associates Net amount from joint ventures Net cash (used in generated from investing activities Cash flows from financing activities Purchase of treasury shares Drawdown of other bank borrowings Repayments of other bank borrowings Drawdown of term loans Repayment of term loans Drawdown of fixed rate notes Repayment of fixed rate notes n of advances from customer s from non-controlling interests on issuance of new shares by an existing subsidiary Dividend paid to non-controlling interests Principal elements of lease payments Net cash used in financing activities Net changes in cash and cash equivalents Currency translation differences Cash and cash equivalents at beginning of the financial year Cash and cash equivalents end of the financial year 7 2,684 2.791 271,585 (12,517) (85.143) 243.138 4.992 6.687 (54,652 (10,178) 211.697 (38.940) (13,994) 198.891 (62,282) 32,063 (98,207) (7216) (111 65,433 87.110 46.288 (5,816) 1,735 21 703 56.421 257 4,312 (793) 1,545 (32,394) 165.577 1.271.840 1,252.489 (1.209,203 210.190 (153,582) 19.583 (9,027) (357.484) (2.448) (1,399,674 124,217 (110.677) 2.071 (23,083) (213,937) 1.690 (10,881 (12,138) (268,324 (10,178) (362,089) (89,021) (9,601) (2.065) (2.250) 215, 259 124.173 Company name Stock name Financial Period Ended Quarter WAH SEONG CORPORATION BERHAD (Company No.:495846-A) : WASEONG : 31 December 2019 Quarterly Report on Consolidated Results for the Fourth Quarter Ended 31 December 2019 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (continued) Financialty Financial Year Ended 31 December 2019 Unaudited RM1000 Preceding Corresponding al Year Ended 31 December 2018 Unaudited RM000 Cash and cash equivalents at the end of the financial year comprise of the following: Time deposits Cash and bank balances Subtotal 52,765 94.700 78,373 156,363 232.736 Time deposits with maturity more than 3 months Short term investments (16,868) (22,689 (623) 124.173 215.259 (The Condensed Consolidated Statement of Cash Flows should be read in conjunction with the Audited Financial Statements for the financial year ended 31 December 2018) Company name Stock name Financial Period Ended Quarter WAH SEONG CORPORATION BERHAD (Company No.:495846-A) : WASEONG : 31 December 2019 Quarterly Report on Consolidated Results for the Fourth Quarter Ended 31 December 2019 CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (continued) As at 31 December 2019 Unaudited RM 000 As at 31 December 2018 Audited RM1000 220,717 216,959 11,915 129,410 13,804 7674 6294 457,265 149.50B 62,916 LIABILITIES Non-Current and Deferred Liabilities Lease liabilities Loans and borrowings Deferred tax liabilities Trade and other payables Current Liabilities Contract liabilities Trade and other payables Lease liabilities Provision for warranties Amounts owing to associates Amounts owing to joint ventures Loans and borrowings Dividend payable Current tax liabilities Derivative financial liabilities 291,748 52.792 726,350 8,895 14,047 9,061 33 5,546 731, 136 21,904 28,638 1,860 1,166,887 3.959 718.215 14,004 55,368 1,579,583 TOTAL LIABILITIES 1,624,152 1,729,091 TOTAL EQUITY AND LIABILITIES 2,665,350 2,765,935 (The Condensed Consolidated Statements of Financial Position should be read in conjunction with the Audited Financial Statements for the financial year ended 31 December 2018)