Question
Prepare a Financial Statement Analysis and evaluate the financial position and performance based on ratios obtained. Financial Result Number of ordinary shares At 1.7.2021 Acquired
- Prepare a Financial Statement Analysis and evaluate the financial position and performance based on ratios obtained.
Financial Result
Number of ordinary shares
At
1.7.2021
AcquiredDisposedAt
30.6.2022
Interest in the Company:Direct interestDatuk MZBI1,200,0001,000,000-2,200,000DatoHD64,872,83727,265,000-92,137,837Seleman Ibra5--5Nami Ibra5--5DrRosliKhan851,200-(850,000)1,200DatoAzman Sri20,611,624--20,611,624Indirect interest
DatoHD
10,891,800
-
-
10,891,800
Notes: DirectorsRemunerationDirectorsremunerationisas follows:GroupRM000CompanyRM000Directors remuneration:
- fees
686
506
-salaryandotheremoluments4,1422,152- allowances8484-definedcontributionplan506256- other benefit325,4213,000 SubsidiaryCompaniesDetailsofthesubsidiarycompanies aredisclosedinNote4 tothefinancialstatements.Auditors RemunerationAuditorsremunerationisasfollows:GroupRM000CompanyRM000Statutoryaudit:
-HLBAACPLT
151
75
-Otherauditors20-17175Non-statutoryaudit:
-HLBAACPLT
5
5
IndemnityandInsuranceCosts
STATEMENTSOFFINANCIALPOSITIONASAT30JUNE20222022
Group2021
NoteRM000RM000ASSETS
Non-Current Assets
Property,plantandequipment
3
4,965
75,204
Right-of-useassets53,7583,6108,72378,814Current Assets
Trade receivables
7
34,030
39,602
Contractassets824,06612,880Otherreceivables94,8842,448Taxrecoverable7,8138,955Cashandcash equivalents1045,40086,603116,193150,488Non-currentassetheldfor sale657,551-173,744150,488TOTAL ASSETS182,467229,302EQUITY AND LIABILITIES
Capital and Reserves
Sharecapital
11
241,561
231,889
Reserves12(246,245)(321,666)Equityattributabletoownersofthe Company(4,684)(89,777)Non-controlling interests(145)(129)TOTAL EQUITY(4,829)(89,906)Non-Current Liabilities
Borrowings
13
48,488
-
Leaseliabilities142,0991,983Deferredtax liabilities151,446-52,0331,983Current Liabilities
Trade payables
16
114,089
138,829
Otherpayables176,2153,450Contractliabilities87,1638,261Borrowings13404164,827Leaseliabilities141,8111,781Taxpayable5,58177135,263317,225TOTAL LIABILITIES187,296319,208TOTAL EQUITY AND LIABILITIES182,467229,302STATEMENTS OF FINANCIAL POSITION AS AT 30 JUNE 20222022
Company
2021
NoteRM000RM000ASSETS
Non-Current Assets
Property,plantandequipment
3
1
2
Investmentin subsidiary companies428,30540,43028,30640,432Current Assets
Otherreceivables
9
71
65
Taxrecoverable-425Cashandcash equivalents1024,1442,86124,2153,351TOTAL ASSETS52,52143,783EQUITY AND LIABILITIES
Capital and Reserves
Sharecapital
11
241,561
231,889
Reserves12(191,284)(188,454)TOTAL EQUITY50,27743,435Current Liabilities
Otherpayables
17
910
348
Taxpayable1,334-TOTAL LIABILITIES2,244348TOTAL EQUITY AND LIABILITIES52,52143,783STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FORTHEFINANCIALYEARENDED30JUNE2022
2022Group20212022Company2021NoteRM000RM000RM000RM000Revenue1883,931105,1327,5454,510Costofsales(50,173)(76,599)--Grossprofit33,75828,5337,5454,510Otherincome110,19569,90594144Administrativeexpenses(15,354)(13,858)(7,266)(7,044)Other operatingexpenses
Net (provision)/reversal of expectedcreditlossallowancesonfinancialassetsand contract assets
(20,782)
(13,153)
(17,443)
95
(1,696)
-
(86,212)
36,627
Profit/(Loss)fromoperations94,66467,232(1,323)(51,975)Financecosts(2,881)(1,987)--Profit/(Loss)beforetaxation1991,78365,245(1,323)(51,975)Taxation21(8,050)(906)(1,507)-Profit/(Loss)forthefinancialyear83,73364,339(2,830)(51,975)Other comprehensive (loss)/income:
Itemsthatmaybereclassifiedsubsequentlyto profit or loss
Foreigncurrencytranslationdifferences
(8,328)
6,168
-
-
Totalcomprehensiveincome/(loss)for the financial year75,405
70,507
(2,830)
(51,975)
Profit/(Loss) for the financial year attributable to:
OwnersoftheCompany83,74164,344(2,830)(51,975)Non-controlling interests(8)(5)--83,73364,339(2,830)(51,975)Total comprehensive income/(loss)forthefinancialyearattributableto:Owners of the Company75,421
70,508
(2,830)
(51,975)
Non-controlling interests(16)(1)--75,40570,507(2,830)(51,975)Earnings per share
Basicanddiluted (sen)
22
8.74
7.70
STATEMENTSOFCASHFLOWS FORTHEFINANCIALYEARENDED30JUNE2022
Profit/(Loss) for the financial year attributable to: - Owners of the Company - Non-controlling interests Gampang STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2022 Cosh Fous from Operctin Actinitios Profit/(Loss) before taxation Adjustments for: Depreciation of property, plant and equipment Depreciation of right-of-use asseis Amount owing by subsidiary companies wittenoff Inventory written-off Impairment lass on non-current asset held for sale Property, plant and equipment written-off Impairment loss on investment in subsidiary companies Finance costs Other receivables witten-of Net provision/(reversal) of expected credit loss allowance on: - trade receivablss - accrued billings - other receivables - contract assets - amount owing by subsidiary companies Interest income Remeasurement of lease liabilities Reversal of accrued purchases Reversal of impairment loss on property, plant and equipment Unrealised foreign exchange (gain)/kss Waiver of debt settiement Operating loss before changes in working capital Changes in working capitat Trade and other receivables Contract assets/(iabilities) Amount owing by subsidiary companies Trade and other payables Cash (used in)/generated from cperations Interest paid Interest received Tax refiund Tax paid Note 2027 Ruto60 91,783 6,629 1,930 9529 437 7 7 9 8 Grodp 2021 RMre00 65,245 6,374 1,874 4,291 42 Net cash (used in)/generated from operating activities Profit/(Loss) for the financial year attributable to: - Owners of the Company - Non-controlling interests Gampang STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2022 Cosh Fous from Operctin Actinitios Profit/(Loss) before taxation Adjustments for: Depreciation of property, plant and equipment Depreciation of right-of-use asseis Amount owing by subsidiary companies wittenoff Inventory written-off Impairment lass on non-current asset held for sale Property, plant and equipment written-off Impairment loss on investment in subsidiary companies Finance costs Other receivables witten-of Net provision/(reversal) of expected credit loss allowance on: - trade receivablss - accrued billings - other receivables - contract assets - amount owing by subsidiary companies Interest income Remeasurement of lease liabilities Reversal of accrued purchases Reversal of impairment loss on property, plant and equipment Unrealised foreign exchange (gain)/kss Waiver of debt settiement Operating loss before changes in working capital Changes in working capitat Trade and other receivables Contract assets/(iabilities) Amount owing by subsidiary companies Trade and other payables Cash (used in)/generated from cperations Interest paid Interest received Tax refiund Tax paid Note 2027 Ruto60 91,783 6,629 1,930 9529 437 7 7 9 8 Grodp 2021 RMre00 65,245 6,374 1,874 4,291 42 Net cash (used in)/generated from operating activitiesStep by Step Solution
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