| |
| |
| |
Group |
Group |
| |
2010 |
2009 |
| |
RM'000 |
RM'000 |
| |
| Revenue |
1,067,579 |
921,616 |
| Cost of sales |
(873,016) |
(780,604) |
| |
|
|
| Gross profit |
194,563 |
141,012 |
|
| Other income: |
| - gain on disposal |
- |
4,024 |
| - others |
21,754 |
31,401 |
|
| Selling and distribution costs |
(2,898) |
(2,858) |
| Administrative expenses |
(61,120) |
(65,946) |
| Other operating expenses: |
| - |
(allowance for)/write back of impairment losses |
|
(5,379) |
1,502 |
| - |
write back of /(allowance for) doubtful debts |
|
| • subsidiaries
|
- |
- |
| • others
|
(932)
|
(768)
|
| - others |
(36,235) |
(34,787)
|
|
| Finance income
|
30,847
|
27,980
|
|
| Finance costs |
(31,449)
|
(38,570)
|
|
| Share of results of associates
|
(5,530)
|
(10,194)
|
|
| Share of results of jointly
controlled entities
|
(6,046)
|
(6,304)
|
| |
|
|
| Profit before income tax |
97,575
|
46,492
|
|
| Income tax expense
|
(23,781)
|
(9,009)
|
| |
|
|
| Profit for the financial year
|
73,794
|
37,483
|
|
| Other comprehensive income for the financial year, net of tax |
| - Revaluation reserve arising from acquisition of subsidiary |
28,090 |
- |
| - Currency translation differences |
1,467 |
15 |
| |
|
|
|
| Total comprehensive income
for the financial year, net of tax
|
103,351
|
37,498
|
| |
|
|
|
| Profit attributable to: |
|
|
|
| Equity holders of the Company |
67,268
|
34,624
|
| Minority interests
|
6,526
|
2,859
|
| |
|
|
|
73,794
|
37,483
|
| |
|
|
|
| Total comprehensive income
for the financial year attributable to:
|
|
|
|
| Equity holders of the Company
|
96,385
|
34,639
|
| Minority interests
|
6,966
|
2,859
|
| |
|
|
|
103,351
|
37,498
|
| |
|
|
|
| Earnings per share attributable
to the ordinary equity holders of
the Company during the
financial year (sen)
|
| - Basic earnings per share
|
5.2
|
3.8
|
| |
|
|
| - Diluted earnings per share
|
5.2
|
3.8
|
| |
|
|
|
| |
Group |
Group |
| |
31.12.2010 |
31.12.2009 |
| |
RM'000 |
RM'000
(restated)
|
| |
|
|
| ASSETS |
| |
|
|
| Non-current assets |
| |
|
|
| Property, plant and equipment |
198,705
|
111,800
|
| Investment properties |
359,208
|
140,503
|
| Land held for property development |
599,949
|
569,451
|
| Expressway development expenditure |
925,047
|
567,043
|
| Subsidiaries |
- |
- |
| Associates |
105,605
|
162,853
|
| Jointly controlled entities |
93,398
|
36,904
|
| Available for sale financial assets
|
482
|
444
|
| Intangible assets
|
58,554
|
- |
| Deferred tax assets |
29,790
|
29,790
|
| |
|
|
| |
2,370,738
|
1,618,788
|
| |
|
|
| |
|
|
| Current assets |
| |
|
|
| Inventories |
17,865
|
19,075
|
| Property development costs |
367,139
|
200,368
|
| Trade and other receivables |
807,614
|
418,626
|
| Amounts due from subsidiaries |
- |
- |
| Amounts due from jointly controlled entities |
21,699
|
50,943
|
| Tax recoverable |
3,673
|
2,429
|
| Financial assets at fair value
through profit or loss
|
4,608
|
2,291
|
| Deposits, cash and bank balances |
795,004
|
806,232
|
| |
|
|
| |
2,017,602
|
1,499,964
|
| |
|
|
| |
| Total assets |
4,388,340
|
3,118,752
|
| |
|
|
| |
|
|
| EQUITY |
| |
|
|
| Equity attributable to
equity holders of the Company
|
| |
|
|
| Share capital |
1,382,432
|
907,625
|
| Accumulated losses
|
(265,905)
|
(323,405)
|
| Other reserves
|
169,698
|
87,699
|
| |
|
|
| |
1,286,225
|
671,919
|
| Minority interests |
35,252
|
18,393
|
| |
|
|
| Total equity |
1,321,477
|
690,312
|
| |
|
|
| |
|
|
| LIABILITIES |
| |
|
|
| Non-current liabilities |
| |
|
|
| Loan stocks at cost |
9,590
|
9,590 |
| Provision for other liabilities
and charges
|
- |
- |
| Senior Sukuk |
828,633
|
828,388
|
| Post-employment benefit obligations |
11,507
|
11,054
|
| Long term borrowings |
813,624
|
746,615
|
| Long term liabilities |
107,715
|
102,746
|
| Deferred tax liabilities |
32,912
|
32,979
|
| |
|
|
| |
1,803,981
|
1,731,372
|
| |
|
|
| |
|
|
| Current liabilities |
| |
|
|
| Provisions for other liabilities and charges |
12,409
|
12,140
|
| Trade and other payables |
888,911
|
618,587
|
| Amounts due to subsidiaries |
- |
- |
| Current tax liabilities |
6,931
|
7,925
|
| Short term borrowings |
354,631
|
58,416
|
| |
|
|
| |
1,262,882
|
697,068
|
| |
|
|
| Total liabilities |
3,066,863
|
2,428,440
|
| |
|
|
| Total equity and liabilities |
4,388,340
|
3,118,752
|
| |
|
|
|
|
|
Malaysian Resources Corporation Berhad
|
|
