Investor Relations - Crest Builder Holdings Berhad

	2010 RM	2009 RM

Revenue	460,078,516	329,563,766

Cost of sales	(418,009,456)	(288,685,363)

Gross profit	42,069,060	40,878,403

Other operating income	1,846,933	2,519,245

	43,915,993	43,397,648

Administrative expenses	(13,441,060)	(17,544,533)

Profit from operations	30,474,933	25,853,115

Finance costs	(10,354,210)	(8,288,430)

Profit before taxation	20,120,723	17,564,685

Income tax expense	(6,206,808)	(6,578,127)

Profit for the year	13,913,915	10,986,558

Other comprehensive income	-	-

Total comprehensive income for the year	13,913,915	10,986,558


Profit for the year / total comprehensive income attributable to :-
Owners of the parent	13,938,701	10,986,558
Non-controlling interest	(24,786)	-

	13,913,915	10,986,558


Earnings per share attributable to owners of the parent (sen) :-
- Basic	11-25	8-85

- Diluted	N/A	N/A

Dividends per share (sen)	4-00	4-00

	2010 RM	2009 RM

ASSETS

Non-current assets
Property, plant and equipment	19,895,785	27,344,217
Prepaid land lease payments	37,802,076	38,206,376
Investment properties	107,339,377	83,851,004
Other investments	4,054,000	4,054,000
Goodwill on consolidation	33,604,364	33,604,364
Land held for property development	12,917,357	15,116,013

	215,612,959	202,175,974


Current assets
Property development costs	33,328,348	20,858,249
Inventories	2,015,000	2,015,000
Trade receivables	137,147,306	106,439,757
Amounts due from contract customers	167,262,909	157,791,041
Other receivables, deposits and prepayments	20,016,881	17,808,754
Tax recoverable	2,166,630	4,523,832
Cash and bank balances	5,478,195	23,428,998

	367,415,269	332,865,631

TOTAL ASSETS	583,028,228	535,041,605


EQUITY AND LIABILITIES

Equity attributable to equity holders of the Company
Share capital	124,089,450	124,089,450
Treasury shares	(181,069)	-
Reserves	116,914,730	106,691,593

Equity attributable to owners of the parent	240,823,111	230,781,043
Non-controlling interest	452,277	-

Total equity	241,275,388	230,781,043


Non-current liabilities
Loans	112,785,552	108,510,322
Hire purchase payables	4,107,574	2,640,752
Deferred tax liabilities	361,486	294,709

	117,254,612	111,445,783


Current liabilities
Trade payables	132,467,231	108,810,119
Amounts due to contract customers	4,152,816	662,767
Progress billings in respect of property development costs	12,106,335	14,689,461
Other payables, deposits and accruals	16,998,009	24,651,779
Hire purchase payables	4,209,370	2,407,021
Bank overdraft	19,057,212	10,768,620
Other bank borrowings	35,440,724	30,820,458
Provision for taxation	66,531	4,554

	224,498,228	192,814,779

Total liabilities	341,752,840	304,260,562

TOTAL EQUITY AND LIABILITIES	583,028,228	535,041,605

	2010 RM	2009 RM

CASH FLOWS FROM OPERATING ACTIVITIES

Profit before taxation	20,120,723	17,564,685

Adjustments for:-

Allowance for diminution in value	-	4,500,000
Amortisation of prepaid land lease payments	404,300	101,075
Depreciation	4,436,284	4,053,485
ESOS expenses	-	44,882
Gain on disposal of property, plant and equipment	(324,015)	(509,700)
Goodwill on acquisition	47,734	-
Interest expense	10,354,210	8,288,430
Interest income	(156,795)	(267,041)
Short-term accumulating compensated absences	168,256	(32,872)

Operating profit before working capital changes	35,050,697	33,742,944

(Increase) / Decrease in property development costs	(12,975,222)	(7,059,502)
(Increase) / Decrease in inventories	-	3,418,680
(Increase) / Decrease in trade receivables	(17,816,700)	(5,744,346)
(Increase) / Decrease in amounts due from contract customers	(4,132,689)	(5,590,758)
(Increase) / Decrease in other receivables, deposits and prepayments	7,883,392	(5,063,155)
Increase / (Decrease) in trade payables	3,467,863	22,179,512
Increase / (Decrease) in amounts due to contract customers	3,490,049	(3,602,542)
Increase / (Decrease) in progress billings	(2,583,126)	2,621,428
Increase / (Decrease) in other payables, deposits and accruals	(15,196,431)	(2,842,647)
	(37,862,864)	(1,683,330)

Cash (used in) / generated from operations	(2,812,167)	32,059,614

Income tax paid	(8,159,964)	(7,379,081)
Income tax refund	4,094,620	-

Net cash (used in) / generated from operating activities	(6,877,511)	24,680,533


CASH FLOWS FROM INVESTING ACTIVITIES
(Increase) / Decrease in development expenditure	2,704,425	5,138,380
Proceeds from disposal of property, plant and equipment	481,901	509,700
Purchase of investment properties	(11,693,213)	-
Purchase of property, plant and equipment	(1,829,515)	(3,527,831)
Purchase of leasehold land	-	(38,307,451)
Purchase of treasury shares	(181,069)	-
Interest received	156,795	267,041
Net cash used in investing activities	(10,360,676)	(35,920,161)

	(17,238,187)	(11,239,628)

CASH FLOWS FROM FINANCING ACTIVITIES
Fixed deposits uplifted	3,107,008	265,408
Loan raised	20,717,271	75,533,000
Repayments of term loans	(11,821,775)	(47,816,519)
Repayments of hire purchase payables	(3,826,930)	(2,850,682)
Interest paid	(10,354,210)	(8,288,430)
Dividends paid	(3,715,564)	(2,792,013)
Net cash (used in) / generated from financing activities	(5,894,200)	14,050,764

Net increase / (decrease) in cash and cash equivalents	(23,132,387)	2,811,136
Cash and cash equivalents brought forward	9,531,215	6,720,079

Cash and cash equivalents carried forward	(13,601,172)	9,531,215