Ratio Analysis: Solvency
Solve for (a)Debt Ratio, (b)Equity Ratio, (c)Debt-To-Equity Ratio, (d) Times Interest Earned.
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Statements of Financial Position As at 31 December 2019 Group Company Note 2019 2018 2019 2018 RM 000 RM 000 RM 000 RM 000 Assets 3 238,599 261,847 285 413 Property, plant and equipment Right-of-use assets 4 17,386 Investment properties 5 368 377 Intangible assets 6 72,412 77,061 Investments in subsidiaries 7 135,353 165,152 Investment in joint venture 8 34,292 34,606 6,430 6,430 Deferred tax assets 9 1,694 1,492 Trade and other receivables 10 4,208 7.469 1,081 Total non-current assets 368,959 382,852 142,068 173,076 Trade and other receivables 10 91,382 84.751 35,020 34,713 Inventorios 11 81,434 95,072 Contract assets 12 8,684 14,121 Current tax assets 1,668 1,501 Cash and bank balances 13 35,604 48,980 5,264 28,581 Total current assets 218,772 244,425 40,284 63,294 Total assets 587,731 627,277 182,352 236,370 Statements of Financial Position As at 31 December 2019 cont'd Group Company Note 2019 2018 2019 2018 RM'000 RM 000 RM 000 RM 000 Equity Share capital 14 156,187 156,187 156,187 156,187 Reserves 15 136,201 169,762 14,515 56,997 the Total equity attributable to owners Company 292,388 325,949 170,702 213,184 Non-controlling interests 43,778 41,259 Total equity 336,166 367,208 170,702 213,184 Liabilities Deferred tax liabilities 9 2,797 3,436 16 1,907 1,199 Employee benefits Loans and borrowings 17 47,352 62,328 189 Lease liabilities 15,743 123 18 33,331 33,733 Trade and other payables Contract liabilities Total non-current liabilities 12 1,839 102.969 100,696 123 189 Employee benefits 16 614 800 614 720 Loans and borrowings 17 59,558 75,829 3,763 Lease liabilities 2,427 66 Trade and other payables 18 83,428 82,744 10,847 18,514 Contract liabilities 12 2,248 Current tax liabilities 321 Total current liabilities 148,596 159,373 11,527 22,997 Total liabilities 251,565 260,069 11,650 23,186 Total equity and liabilities 587,731 627,277 182,352 236,370 Statements of Profit or Loss and Other Comprehensive Income For the year ended 31 December 2019 Group Company Note 2019 2018 2019 2018 RM 000 RM 000 RM 000 RM 000 Revenue Sale of goods 346,255 341,498 - Rental income 937 Gross dividend income 10,549 19,843 346,255 342,435 10,549 19,843 Cost of sales (318,469) (305,359) Gross profit 27,786 37,076 10,549 19,843 Other income 17,433 31,750 5,707 7,407 (5,983) (5.872) (29,863) (31,458) (8,235) 19,401) Distribution expenses Administrative expenses Other expenses Reversal of impairment/impairment loss) of receivables (13,775) (11,840) (42,422) (19,808) 28 209 (6,770) Results from operating activities (4.193) 12,886 (34,401) (1,959) Finance incomo 659 3,030 4,623 4,547 Finance costs (9,409) 19,281) (1,082) (802) Net finance costs/income (8,750) (6,251) 3,541 3,745 Share of loss of equity accounted joint venture, net of tax 8 (1,255) (1,664) (Loss)/Profit before tax 21 (14,198) 4.971 (30,860) 1,786 24 (1.746) (2,477) (43) (17) Taxation (Loss)/Profit for the year (15,944) 2,494 (30,903) 1.769 Statements of Profit or Loss and Other Comprehensive Income For the year ended 31 December 2019 cont'd Group Company Note 2019 2018 2019 2018 RM 000 RM'000 RM 000 RM 000 Other comprehensive (loss)/income, net of tax Items that are or may be reclassified subsequently to profit or loss Foreign currency translation differences for foreign operations (1.983) 4,188 22 (1.983) 4,188 Other comprehensive (loss/income for the year, net of tax Total comprehensive (loss/income for the year (17,927) 6,682 (30,903) 1,769 (Loss)/Profit attributable to: (20,045) (6,144) (30,903) 1,769 Owners of the Company Non-controlling interests 4,101 8,638 (Loss)/Profit for the year (15,944) 2,494 (30,903) 1,769 (21,982) (2,801) (30,903) 1,769 Total comprehensive (loss/income attributable to: Owners of the Company Non-controlling interests Total comprehensive (loss/income for the year 4,055 9,483 (17,927) 6,682 (30,903) 1,769 Basic loss per ordinary share (sen) 25 (13,85) (424)
