| |
3 months ended |
Full year ended |
| |
31 January
2012
RM'000
|
31 January
2011
RM'000
Restated |
31 January
2012
RM'000
|
31 January
2011
RM'000
Restated |
| |
| Revenue |
153,093 |
160,602 |
665,905 |
732,697 |
| Costs of sales |
(146,192) |
(139,106) |
(567,956) |
(626,662) |
| |
|
|
| Gross profit |
6,901 |
21,496 |
97,949 |
106,035 |
| |
| Other income |
39,249 |
4,103 |
47,142 |
19,756 |
| Administrative and other expenses |
(41,448) |
(20,592) |
(103,585) |
(78,728) |
| Interest/finance costs |
(3,820) |
(3,890) |
(14,366) |
(16,539) |
| Share of results of associates |
(64) |
815 |
(232) |
(1,461) |
| |
|
|
| Profit before tax |
818 |
1,932 |
26,908 |
29,063 |
| |
| Income tax expense |
5,064 |
2,360 |
3,733 |
(1,272) |
| |
|
|
| Profit for the financial period |
5,882 |
4,292 |
30,641 |
27,791 |
| |
|
|
| |
| Other comprehensive (loss)/gain, net of tax |
|
|
| (Loss)/gain on foreign currency translation |
(2,198) |
(2,488) |
(1,092) |
(3,576) |
| Gain/(loss) on cash flow hedges |
162 |
(449) |
2,601 |
(3,308) |
| |
|
|
| Other comprehensive (loss)/gain for the financial period, net of tax |
(2,036) |
(2,937) |
1,509 |
(6,884) |
| |
|
|
| |
| Total comprehensive income for the financial period |
3,846 |
1,355 |
32,150 |
20,907 |
| |
|
|
| |
| Profit attributable to: |
|
|
| Owners of the Company |
5,991 |
454 |
23,417 |
15,484 |
| Minority interests |
(109) |
3,838 |
7,224 |
12,307 |
| |
|
|
| Profit for the financial period |
5,882 |
4,292 |
30,641 |
27,791 |
| |
|
|
| |
| Total comprehensive income attributable to: |
|
|
| Owners of the Company |
4,508 |
(1,926) |
25,443 |
9,030 |
| Minority interests |
(662) |
3,281 |
6,707 |
11,877 |
| |
|
|
| Total comprehensive income for the financial period |
3,846 |
1,355 |
32,150 |
20,907 |
| |
|
|
| |
| Basic earnings per share attributable to owners of the parent (sen) |
7.8 |
0.6 |
30.5 |
20.2 |
| |
|
|
| |
| |
| The condensed consolidated statement of comprehensive income should be read in conjunction with the audited financial statements for the financial year ended 31 January 2011 and the accompanying explanatory notes attached to the interim financial statements. |
| |
| |
Unaudited
As at
31 January
2012
RM'000
|
|
Audited
As at
31 January
2011
RM'000
Restated |
|
| |
| ASSETS |
|
| Non-current assets |
|
| Property, plant and equipment |
241,320 |
|
274,333 |
|
| Finance lease receivables |
6,447 |
|
6,503 |
|
| Intangible assets |
3,259 |
|
3,544 |
|
| Investment in associates |
5,187 |
|
2,820 |
|
| Investment securities |
100 |
|
100 |
|
| Deferred tax assets |
27,420 |
|
26,789 |
|
| |
|
|
| |
283,733 |
|
314,089 |
|
| |
|
|
| |
| Current assets |
|
| Inventories |
53,147 |
|
44,979 |
|
| Trade receivables |
108,052 |
|
125,506 |
|
| Other receivables |
59,087 |
|
26,759 |
|
| Tax recoverable |
1,128 |
|
1,312 |
|
| Cash and bank balances |
79,547 |
|
73,016 |
|
| Assets of disposal group classified as held for sale |
- |
|
7,239 |
|
| |
|
|
| |
300,961 |
|
278,811 |
|
| |
|
|
| |
| TOTAL ASSETS |
584,694 |
|
592,900 |
|
| |
|
|
| |
| EQUITY AND LIABILITIES |
|
| Current liabilities |
|
| Borrowings/financing |
138,361 |
|
111,262 |
|
| Trade payables |
56,897 |
|
89,311 |
|
| Other payables |
42,626 |
|
38,996 |
|
| Current tax payable |
111 |
|
819 |
|
| Liabilities directly associated with disposal classified held for sale |
- |
|
6,426 |
|
| |
|
|
| |
237,995 |
|
246,814 |
|
| |
|
|
| |
| Net current assets |
62,966 |
|
31,997 |
|
| |
|
|
| |
| Non-current liabilities |
|
| Borrowings/financing |
96,714 |
|
119,861 |
|
| Deferred tax liabilities |
150 |
|
5,006 |
|
| |
|
|
| |
96,864 |
|
124,867 |
|
| |
|
|
| |
| Total liabilities |
334,859 |
|
371,681 |
|
| |
|
|
| |
| Net assets |
249,835 |
|
221,219 |
|
| |
|
|
| |
| Equity attributable to owners of the parent |
|
| Share capital |
76,800 |
|
76,800 |
|
| Reserves |
101,966 |
|
76,523 |
|
| |
|
|
| |
178,766 |
|
153,323 |
|
| Minority interests |
71,069 |
|
67,896 |
|
| |
|
|
| Total equity |
249,835 |
|
221,219 |
|
| |
|
|
| |
| TOTAL EQUITY AND LIABILITIES |
584,694 |
|
592,900 |
|
| |
|
|
| |
| |
| The condensed consolidated statement of financial position should be read in conjunction with the audited financial statements for the financial year ended 31 January 2011 and the accompanying explanatory notes attached to the interim financial statements. |
| |
| |
Full year ended |
| |
31 January
2012
RM'000
|
|
31 January
2011
RM'000
Restated |
|
| |
| Cash Flows from Operating Activities |
|
| |
| Profit before tax |
26,908 |
|
29,063 |
|
| |
| Adjustments for: |
|
| Interest/finance income |
(576) |
|
(598) |
|
| Interest/finance costs |
14,366 |
|
16,539 |
|
| Amortisation of intangible assets |
673 |
|
673 |
|
| Intangible assets written off |
- |
|
4 |
|
| Depreciation of property, plant and equipment |
31,799 |
|
42,844 |
|
| Gain on disposal of property, plant and equipment |
- |
|
(6,567) |
|
| Property, plant and equipment written off |
14,530 |
|
200 |
|
| (Gain)/loss on disposal of shares in subsidiaries |
(7,371) |
|
1,422 |
|
| Gain on disposal of shares in associates |
(100) |
|
(7,619) |
|
| Allowance for doubtful debts |
5,055 |
|
342 |
|
| Allowance for doubtful debts written back |
(1,700) |
|
- |
|
| Provision for foreseeable losses |
1,601 |
|
3,612 |
|
| Provision for obsolete stock |
1,751 |
|
2,333 |
|
| Net unrealised foreign exchange gain |
(155) |
|
(6) |
|
| Share of results of associates |
232 |
|
1,461 |
|
| |
|
|
| Operating profit before working capital changes |
87,013 |
|
83,703 |
|
| (Increase)/decrease in inventories |
(9,919) |
|
20,267 |
|
| (Increase)/decrease in receivables |
(14,505) |
|
39,691 |
|
| Decrease in payables |
(28,783) |
|
(20,006) |
|
| |
|
|
| Cash generated from operations |
33,806 |
|
123,655 |
|
| Interest/finance costs paid |
(14,366) |
|
(16,538) |
|
| Tax refund |
- |
|
779 |
|
| Tax paid |
(2,277) |
|
(4,164) |
|
| |
|
|
| Net cash generated from operating activities |
17,163 |
|
103,732 |
|
| |
|
|
| |
| Cash Flows from Investing Activities |
|
| |
| Purchase of property, plant and equipment |
(13,316) |
|
(32,783) |
|
| Purchase of intangible asssets |
- |
|
(190) |
|
| Purchase of shares in an associate company |
- |
|
(1,811) |
|
| Proceeds from disposal of property, plant and equipment |
- |
|
21,308 |
|
| Proceeds from disposal of subsidiaries |
2,934 |
|
6,337 |
|
| Proceeds from subscription of shares in a subsidiary company by minority interest |
503 |
|
- |
|
| Proceeds from disposal of shares in associates |
100 |
|
11,400 |
|
| Interest/finance income received |
576 |
|
598 |
|
| |
|
|
| Net cash (used in)/generated from investing activities |
(9,203) |
|
4,859 |
|
| |
|
|
| |
| Cash Flows from Financing Activities |
|
| |
| Placement of deposits with licensed banks under lien |
(5,515) |
|
(2,259) |
|
| Early redemption of Sukuk Al-Ijarah |
- |
|
(139,998) |
|
| Net (repayment)/drawdown of Syndicated CMTF-i |
(10,000) |
|
105,000 |
|
| Net repayment of term loan |
(16,397) |
|
(804) |
|
| Net repayment of hire purchase and lease financing |
(1,709) |
|
(2,160) |
|
| Net drawdown/(repayment) of short term borrowings |
29,272 |
|
(40,103) |
|
| Dividends paid |
(4,037) |
|
(3,220) |
|
| |
|
|
| Net cash used in financing activities |
(8,386) |
|
(83,544) |
|
| |
|
|
| |
| Net (decrease)/increase in cash and cash equivalents |
(426) |
|
25,047 |
|
| Effects of foreign exchange rate changes |
(1,344) |
|
2,942 |
|
| Cash and cash equivalents at beginning of the financial period |
41,995 |
|
14,006 |
|
| |
|
|
| Cash and cash equivalents at end of the financial period |
40,225 |
|
41,995 |
|
| |
|
|
| |
| |
| Cash and cash equivalents at the end of the financial period comprise the following: |
| |
| |
As at
31 January
2012
RM'000 |
|
As at
31 January
2011
RM'000 |
|
| |
| Cash and bank balances |
79,547 |
|
73,016 |
|
| Bank overdrafts (included within short term borrowings in Notes B9) |
(19,137) |
|
(16,351) |
|
| |
|
|
| |
60,410 |
|
56,665 |
|
| Less: Deposits under lien |
(20,185) |
|
(14,670) |
|
| |
|
|
| |
40,225 |
|
41,995 |
|
| |
|
|
| |
| |
| The condensed consolidated statement of cash flow should be read in conjunction with the audited financial statements for the financial year ended 31 January 2011 and the accompanying explanatory notes attached to the interim financial statements. |
| |
|
|
Click here to view notes to the quarterly report
|
