Ratio analysis:Solvency
Solve for (a) Debt Ratio, (b) Equity Ratio, (c) Debt-to-equity Ratio, (d) Times Interest Earned.
Calculate ratios for group.
Please make sure all work is shown clearly and fully visible. MAKE SURE ALL VALUES ARE SHOWN CLEARLY AND NOT CROPPED OUT
STATEMENTS OF FINANCIAL POSITION As at 31 December 2020 2020 RM000 Group 2019 RM'000 Company 2020 2019 RM'000 RM'000 Note 285 Assets Non-current assets Property, plant and equipment Right-of-use assets Investment property Intangible assets Investments in subsidiaries Investments in joint ventures Trade and other receivables Deferred tax assets 3 4 5 6 7 8 10 9 206,731 14.820 360 73,234 416 305 238,599 17.386 368 72,412 135,353 6,430 33,136 988 1,671 131,396 6,430 4,993 34,292 4,208 1,694 330,940 368,959 143,540 142,068 11 10 12 41,326 Current assets Inventories Trade and other receivables Contract assets Tax recoverable Cash and bank balances 35,020 52,471 68,266 8,215 218 26,514 81,434 91,382 8,684 1,668 35,604 13 4,531 5,264 155,684 218,772 45,857 40,284 Total assets 486,624 587.731 189,397 182,352 Equity and liabilities Equity attributable to owners of the Company Share capital Reserves 14 15 156,187 14,515 156,187 125,150 281,337 44.260 156,187 136,201 292,388 43,778 156,187 13,707 169,894 170,702 Non-controlling interests 7 Total equity 325,597 336,166 169,894 170,702 STATEMENTS OF FINANCIAL POSITION cont'd As at 31 December 2020 2020 RM'000 Group 2019 RM1000 Company 2020 2019 RM'000 RM'000 Note 187 123 Non-current liabilities Loans and borrowings Lease liabilities Trade and other payables Contract liabilities Employee benefits Provision for liabilities Deferred tax liabilities 17 4 19 12 16 18 9 18,405 13,025 34,241 2,112 251 3,011 47,352 15,743 33,331 1,839 1.907 2.797 71,045 102,969 187 123 Current liabilities Loans and borrowings Lease liabilities Trade and other payables Contract liabilities Employee benefits Tax payable 17 4 19 12 16 28,513 2,906 57.799 77 176 511 59,558 2,427 83,428 2,248 614 321 242 18,982 92 66 10,847 614 89,982 148,596 19,316 11,527 Total liabilities 161,027 251,565 19,503 11,650 Total equity and liabilities 486,624 587,731 189,397 182,352 STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For the year ended 31 December 2020 Group 2020 2019 RM'000 2019 Company 2020 RM'000 RM'000 11,037 10,549 RM'000 277,394 (245,272) 32,122 15,019 (2,373) (26,296) (6,455) 346,255 (318,469) 27.786 17,433 (5,983) (29,863) (13,775) 209 11,037 5,905 10,549 5,707 (7.696) (5,873) (8.235) (42,422) Note Revenue 20 Cost of sales Gross profit Other income Distribution expenses Administrative expenses Other expenses Reversal of impaiment loss of receivables 22 Results from operating activities Finance income 21 Finance costs Net finance (costs)/income Share of loss of equity accounted joint ventures, net of tax Profit/(loss) before taxation 22 Taxation 25 Profit/(loss) for the year 12,017 (4,193) 3,373 (34,401) 170 (7,231) 21 659 (9.409) 4,456 (628) 4,623 (1,082) 3,541 (8.750) 3,828 (7,061) (1118) 8 (1.255) 3,838 (997) (14,198) (1.746) 7,201 (48) (30,860) (43) (30,903) 2.841 (15,944) 7,153 547 Other comprehensive income/loss), net of tax Items that will not be reclassified subsequently to profit or loss Remeasurements of employee benefits obligation Items that are or may be reclassified subsequently to profit or loss Foreign currency translation differences for foreign operations Other comprehensive loss for the year, net of tax (2,805) (1,983) 23 (2,258) (1,983) Total comprehensive income/(loss) for the year 583 (17,927) 7,153 (30,903) STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME cont'd For the year ended 31 December 2020 Group Company 2020 2020 2019 Note RM1000 RM'000 RM'000 RM'000 2019 (Loss)/profit attributable to: Owners of the Company Non-controlling interests (1,177) 4,018 (20,045) 4,101 7,153 (30,903) Profit/(loss) for the year 2,841 (15,944) 7,153 (30,903) Total comprehensive income/(loss) attributable to: Owners of the Company Non-controlling interests 7,153 (30,903) (3,090) 3,673 (21,982) 4,055 Total comprehensive income/(loss) for the year 583 (17,927) 7.153 (30,903) Basic loss per ordinary share (sen) 26 (0.81) (13.85)
