Malaysian Resources Corporation Berhad

Group

2009

2008

RM'000

Revenue

921,616

788,552

Cost of sales

(780,604)

(684,203)

Gross profit

141,012

104,349

Other operating income:

- gain on divestment/disposal

4,024

32,022

- Others

59,381

41,762

Selling and distribution costs

(2,858)

(2,755)

Administrative expenses

(65,946)

(50,295)

Other operating expenses:

-	Write back of/(allowance for) impairment losses

1,502

-	Write back of/(allowance for) doubtful debts

- Subsidiaries

- Associate

117

- Others

(768)

(17,105)

- Others

(34,787)

(63,109)

Finance costs

(38,570)

(72,097)

Share of results of associates

(10,194)

(546)

Share of results of jointly controlled entities

(6,304)

(14,568)

Profit/(loss) before tax

46,492

(42,155)

Tax expense

(9,009)

(19,559)

Profit/(loss) for the financial year

37,483

(61,714)

Attributable to:

Equity holders of the Company

34,624

(56,638)

Minority interests

2,859

(5,076)

Profit/(loss) for the financial year

37,483

(61,714)

Earnings/(loss) per share attributable to the ordinary equity holders of the Company (sen)

- Basic

3.8

(6.2)

- Diluted

3.8

	Group	Group
	2009	2008
	RM'000	RM'000

ASSETS
Non-current assets
Property, plant and equipment	94,143	61,327
Investment properties	140,503	146,512
Prepaid land lease payments	243,019	131,520
Land held for property development	569,451	533,965
Expressway development expenditure	-	-
Subsidiaries	-	-
Associates	162,853	162,472
Jointly controlled entities	36,904	-
Other investments	444	379
Goodwill on consolidation	-	-
Deferred tax assets	29,790	24,646

	1,277,107	1,060,821

Current assets
Inventories	19,075	21,461
Property development costs	200,368	216,517
Trade and other receivables	760,307	480,736
Amounts due from subsidiaries	-	-
Amounts due from jointly controlled entities	50,943	50,249
Tax recoverable	2,429	1,982
Marketable securities	2,291	1,807
Deposits, cash and bank balances	806,232	1,082,438

	1,841,645	1,855,190


Total assets	3,118,752	2,916,011

EQUITY
Capital and reserves attributable to equity holders of the Company
Share capital	907,625	907,537
Reserves	(235,706)	(272,370)

	671,919	635,167
Minority interests	18,393	17,214

Total equity	690,312	652,381

LIABILITIES
Non-current liabilities
Loan stocks at cost	9,590	9,590
Provisions for other liabilities and charges	-	9,069
Senior Sukuk	828,388	827,007
Post-employment benefit obligations	11,054	10,345
Long term borrowings	746,615	235,093
Long term liabilities	102,746	98,993
Deferred tax liabilities	32,979	34,402

	1,731,372	1,224,499

Current liabilities
Provisions for other liabilities and charges	12,140	12,513
Trade and other payables	618,587	477,322
Amounts due to subsidiaries	-	-
Current tax liabilities	7,925	3,673
Short term borrowings	58,416	545,623

	697,068	1,039,131

Total liabilities	2,428,440	2,263,630

Total equity and liabilities	3,118,752	2,916,011

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