Financials
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Financial Statements
View Historical Financial Statements Online
The information is retrieved from Annual Report 2009 |
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|
Group |
|
Group |
|
|
2009 |
|
2008 |
|
|
$'000 |
|
$'000 |
|
|
 |
 |
| |
|
|
|
|
| Revenue |
135,305 |
|
122,286 |
|
| Cost of sales |
(118,389) |
|
(118,501) |
|
|
 |
 |
| Gross profit |
16,916 |
|
3,785 |
|
| Other income |
1,959 |
|
4,154 |
|
| Administrative expenses |
(6,602) |
|
(5,629 |
) |
| Finance costs |
(146 |
) |
(190 |
) |
|
 |
 |
| Profit before income tax |
12,127 |
|
2,120 |
|
| Income tax expense |
(1,461 |
) |
(149 |
) |
|
 |
 |
| Profit for the year, representing total comprehensive income for the year attributable to owners of the Company |
10,666 |
|
1,971 |
|
|
 |
 |
| |
|
|
|
|
| Earnings per share (cents) |
|
|
|
|
| Basic/Diluted |
13.13 |
|
2.43 |
|
|
 |
 |
|
|
|
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|
|
Group |
|
Group |
|
|
2009 |
|
2008 |
|
|
$'000 |
|
$'000 |
|
|
 |
 |
| ASSETS |
|
|
|
|
| Current assets |
|
|
|
|
| Cash and cash equivalents |
20,844 |
|
10,004 |
|
| Pledged fixed deposits |
3,286 |
|
- |
|
| Trade receivables |
21,379 |
|
31,612 |
|
| Other receivables and prepayments |
786 |
|
1,006 |
|
| Inventories |
5,059 |
|
- |
|
| Contract work-in-progress |
15,419 |
|
18,913 |
|
| Held for trading investments |
42 |
|
36 |
|
| Available for sale investment |
500 |
|
500 |
|
|
 |
 |
| Total current assets |
67,315 |
|
62,071 |
|
|
 |
 |
| |
|
|
|
|
| Non-current assets |
|
|
|
|
| Pledged fixed deposits |
- |
|
5,505 |
|
| Subsidiaries |
- |
|
- |
|
| Associate |
* |
|
* |
|
| Property, plant and equipment |
14,296 |
|
11,586 |
|
| Deferred income tax |
1,190 |
|
- |
|
|
 |
 |
| Total non-current assets |
15,486 |
|
17,091 |
|
|
 |
 |
| Total assets |
82,801 |
|
79,162 |
|
|
 |
 |
| |
|
|
|
|
| LIABILITIES AND EQUITY |
|
|
|
|
| |
|
|
|
|
| Current liabilities |
|
|
|
|
| Current portion of long-term bank loans |
913 |
|
593 |
|
| Trade payables |
32,605 |
|
37,775 |
|
| Other payables |
5,269 |
|
2,528 |
|
| Contract work-in-progress |
1,421 |
|
7,350 |
|
| Current portion of finance leases |
1,087 |
|
1,524 |
|
| Income tax payable |
2,317 |
|
29 |
|
|
 |
 |
| Total current liabilities |
43,612 |
|
49,799 |
|
|
 |
 |
| |
|
|
|
|
| Non-current liabilities |
|
|
|
|
| Long-term bank loan |
944 |
|
730 |
|
| Finance leases |
609 |
|
1,553 |
|
| Deferred income tax |
932 |
|
570 |
|
|
 |
 |
| Total non-current liabilities |
2,485 |
|
2,853 |
|
|
 |
 |
| |
|
|
|
|
| Capital and reserves |
|
|
|
|
| Share capital |
6,998 |
|
6,660 |
|
| Capital reserve |
13,006 |
|
13,006 |
|
| Accumulated profits |
16,700 |
|
6,844 |
|
|
 |
 |
| Total equity |
36,704 |
|
26,510 |
|
|
 |
 |
| Total liabilities and equity |
82,801 |
|
79,162 |
|
|
 |
 |
|
|
|
|
|
| * Amount less than $1,000. |
|
Group |
|
Group |
|
|
2009 |
|
2008 |
|
|
$'000 |
|
$'000 |
|
|
 |
 |
|
|
|
|
|
| Operating activities |
|
|
|
|
| Profit before income tax |
12,127 |
|
2,120 |
|
| Adjustments for: |
|
|
|
|
| Reversal for doubtful trade receivables |
- |
|
(9) |
|
| Depreciation expense |
1,553 |
|
1,235 |
|
| Dividend income from available for sale investment |
- |
|
(1,500 |
) |
| Provision for foreseeable losses on projects |
3,990 |
|
4,847 |
|
| Gain on disposal of property, plant and equipment |
(127 |
) |
(1,571 |
) |
| Interest income |
(61 |
) |
(53 |
) |
| Interest expense |
146 |
|
190 |
|
(Credit) Charge to profit or loss on held for trading investments |
(6) |
|
54 |
|
| Share-based payment expense |
338 |
|
- |
|
|
 |
 |
| Operating cash flows before movements in working capital |
17,960 |
|
5,313 |
|
| |
|
|
|
|
| Trade receivables |
10,233 |
|
(18,749) |
|
| Other receivables and prepayments |
220 |
|
310 |
|
| Contract work-in-progress |
(11,484) |
|
3,593 |
|
| Trade payables |
(5,170) |
|
12,917 |
|
| Other payables |
2,741 |
|
905 |
|
|
 |
 |
| Cash generated from operations |
14,500 |
|
4,289 |
|
| |
|
|
|
|
| Income tax (paid) refund |
(1) |
|
2,400 |
|
|
 |
 |
| Net cash from operating activities |
14,499 |
|
6,689 |
|
|
 |
 |
| |
|
|
|
|
| Investing activities |
|
|
|
|
| Proceeds on disposal of property, plant and equipment |
214 |
|
1,674 |
|
| Purchase of plant and equipment |
(4,109) |
|
(724) |
|
| Interest received |
61 |
|
53 |
|
|
 |
 |
| Net cash (used in) from investing activities |
(3,834) |
|
1,003 |
|
|
 |
 |
| |
|
|
|
|
| Financing activities |
|
|
|
|
| Repayment of obligations under finance lease |
(1,622) |
|
(1,060) |
|
| Increase in bank loans |
1,127 |
|
- |
|
| Repayment of bank loans |
(593 |
) |
(593) |
|
| Interest paid |
(146) |
|
(190) |
|
| Decrease (Increase) in pledged fixed deposits |
2,219 |
|
(1,268) |
|
| Dividend paid |
(810) |
|
- |
|
|
 |
 |
| Net cash from (used in) financing activities |
175 |
|
(3,111) |
|
|
 |
 |
| |
|
|
|
|
| Net increase in cash and cash equivalents |
10,840 |
|
4,581 |
|
| Cash and cash equivalents at beginning of year |
10,004 |
|
5,423 |
|
|
 |
 |
| Cash and cash equivalents at end of year |
20,844 |
|
10,004 |
|
|
 |
 |
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