Principles of Finance Question

STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2021 ASSETS Non-current assets Property, plant and equipment Timber concession rights Inventories Investments in subsidiaries Investment in an associate Other investment Amount due from su Other receivables Deferred tax assets Total non-current assets Current assets Inventories subsidiaries Trade receivables Contract assets Amount due from subsidiaries Other receivables Cash and cash equivalents Tax recoverable Total current assets TOTAL ASSETS EQUITY AND LIABILITIES EQUITY Equity attributable to owners of the Company- Share capital Treasury shares Reserves Shareholders' funds Non-controlling interests Total equity Note 8 10 11 12 13 14 10 11 15 16 16 17 2021 RM'000 12,268 7,960 52,015 284 72,604 365,579 43,770 237,721 9,999 152,645 4,651 814,365 886,969 452,510 (155) (8,293) 444,062 2,350 446,412 Group Restated 2020 RM'000 12,910 48,855 77 51,002 279 113,123 222,792 22,505 310,138 64,004 113,991 3,299 736,729 849,852 452,510 (155) (23,761) 428,594 2,249 430,843 2021 RM'000 4,862 185,871 77 69,974 47,340 308,124 19,469 5,000 90,729 115,198 423,322 452,510 (155) (34,074) 418,281 418,281 Company Restated 2020 RM'000 4,999 195,190 77 8,063 46,426 254,755 17,974 44,461 51,065 113,500 368,255 452,510 (155) (109,873) 342,482 342,482 STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2021 EQUITY AND LIABILITIES (CONT'D) LIABILITIES Non-current liabilities Deferred tax liabilities Lease liabilities Bank borrowings Other payables Total non-current liabilities Current liabilities Trade payables Other payables Amount due to subsidiaries Amount due to Directors Lease liabilities Bank borrowings Tax payable Total current liabilities Total liabilities TOTAL EQUITY AND LIABILITIES Note 12 18 19 20 522222 21 20 10 18 19 2021 RM'000 10,561 11 126,275 16,873 153,720 85,608 181,237 8,378 100 466 11,048 286,837 440,557 886,969 Group Restated 2020 RM'000 36,617 58 33,509 70,184 99,680 230,506 14,731 195 449 3,264 348,825 419,009 849,852 2021 RM'000 1,306 3,696 39 5,041 5,041 423,322 Company Restated 2020 RM'000 21 21 21,240 3,731 31 750 25,752 25,773 368,255 STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 Continuing operations Revenue Cost of sales Gross profit Other income Gain on disposal of subsidiaries/ an associate Reversal of impairment loss on amount due from subsidiaries, net Administrative expenses Impairment loss on timber concession and land use rights Other expenses Operating profit/(loss) Finance income Finance costs Share of loss of an associate, net of tax Profit/(Loss) before tax Tax (expense)/income Net profit/(loss) from continuing operations Note Total comprehensive income/(loss) for the financial year 23 7,8 in 5 25 26 26 27 28 Discontinued operations Net loss from discontinued operations 29 Net profit/(loss) for the financial year Other comprehensive (loss)/income for the financial year, net of tax items that will be reclassified subsequently to profit or loss, net of tax - Foreign currency translation 2021 RM'000 363,607 (323,912) 39,695 13,703 (16,527) (70) 36,801 1,916 (669) 38,048 (10,571) 27,477 27,477 (201) 27,276 Group 2020 RM'000 389,940 (289,576) 100,364 4,940 58,154 (20,942) (169,357) (32,015) (58,856) 1,306 (1,352) (322) (59,224) (21,989) (81,213) (1,803) (83,016) 250 (82,766) 2021 RM'000 8 (8) 89,973 11,899 (3,823) (12,217) 85,832 2,436 (26) 88,242 26 88,268 88,268 88,268 Company 2020 RM 000 304 (289) 15 7,450 90,593 (7,479) (271,805) (181,226) 1,018 (96) (180,304) (750) (181,054) (181,054) (181,054) 2021 Annual Report 115 STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 Net profit/(loss) for the financial year attributable to:- Owners of the Company Non-controlling interests Total comprehensive income/(loss) for the financial year attributable to:- Owners of the Company Non-controlling interests Earnings/(Loss) per ordinary share Basic earnings/(loss) per ordinary share (sen)- - Continuing operations - Discontinued operations Total Diluted earnings/(loss) per ordinary share (sen)- - Continuing operations - Discontinued operations Total Note 30 30 30 30 2021 RM'000 28,138 (661) 27,477 27,937 (661) 27,276 Group 2020 RM 000 (82,754) (262) (83,016) (82,504) (262) (82,766) 2021 RM000 88,268 88,268 88,268 88,268 2021 2.25 2.25 2.24 2.24 Company 2020 RM'000 (181,054) (181,054) (181,054) (181,054) Group 2020 (9.42) (0.21) (9.63) (9.38) (0.21) (9.59) 6. Based on your calculation, you need to compare the yearly performance of the company in the following category: I. LIQUIDITY CURRENT RATIO QUICK RATIO II. ASSET MANAGEMENT Inventory turnover Receivable turnover Total asset turnover Average collection period CURRENT ASSETS CURRENT LIABILITIES Current Assets - Inventory Current Liabilities Cost of Goods Sold Inventory Sales Account receivables Sales Total Assets Receivables Annual credit sales/360 Maxim (2021) Maxim (2021) Maxim (2020) Maxim (2020) III. Debt Management Total debt ratio Times earned ratio interest Total Debts Total Assets Ebit Interest expenses Maxim (2021) Maxim (2020) Gross profit margin Net profit margin Return on equity IV. Return on assets Profitability Net Sales COGS Net Sales Net Income Sales Net Income Total Equity Net Income Total Assets Maxim (2021) Maxim (2020)