Financial Highlights

Audited
Year Ended
31.12.2017
RM'000
Audited
Year Ended
31.12.2016
RM'000
Audited
Year Ended
31.12.2015
RM'000
OPERATING RESULTS
Revenue 5,375,396 4,655,592 4,448,390
Profit before tax 882,192 858,992 930,362
Income tax expense (149,387) (140,394) (130,939)
Profit net of tax 732,805 718,598 799,423
Non-controlling interests 93,306 132,715 66,974
Profit attributable to owners of the parent 639,499 585,883 732,449
     
KEY BALANCE SHEET DATA
Property, plant and equipment 2,050,494 1,879,929 1,333,563
Investment properties 2,856,760 2,798,405 2,722,348
Rock reserves 6,131 6,394 6,657
Land held for property development 1,682,127 1,191,512 1,194,112
Investments in associates and joint ventures 3,526,546 3,229,934 3,181,173
Goodwill 311,842 311,840 320,060
Deferred tax assets 100,828 70,758 83,714
Trade receivables 51,407 30,380 10,521
Derivatives 34,181 164,711 351,271
Other non-current assets 211,362 53,492 57,878
Current assets 9,081,766 9,014,598 6,739,560
Assets of disposal group classified as held for sale 294,283 - -
Total assets 20,207,727 18,751,953 16,000,857
     
Long term borrowings 3,348,344 2,553,122 2,818,189
Deferred tax liabilities 121,331 94,561 90,886
Derivatives 4,496 3,644 7,709
Other long term liabilities 279,867 340,183 306,648
Current liabilities 7,966,228 7,527,213 5,564,151
Total liabilities 11,720,266 10,518,723 8,787,583
Total equity 8,487,461 8,233,230 7,213,274
Non-controlling interests 643,326 763,508 650,558
Shareholders' equity 7,844,135 7,469,722 6,562,716
     
FUNDAMENTALS
Basic Earnings per share (sen)* 13.29 12.85 17.90
Net assets per share (RM)* 1.59 1.55 1.56
Net tangible assets per share (RM)* 1.53 1.48 1.48
     
PROFITABILITY RATIO
Operating Profit Margin 12.77% 15.36% 15.44%
PBT Margin 16.41% 18.45% 20.91%
Return on Asset (ROA) 3.63% 3.83% 5.00%
Return on Equity (ROE) 8.15% 7.84% 11.16%
Return on Capital Employed (ROCE) 5.62% 6.09% 7.69%
     
LIQUIDITY RATIO
Current Ratio (times) 1.14 1.20 1.21
Interest Cover Ratio (times) 4.11 5.40 7.69
     
CAPITAL STRUCTURE RATIO
Gross Gearing Ratio (times) 0.97 0.90 0.82
Net Gearing Ratio (times) 0.45 0.40 0.45

* Basic earnings per share, net assets per share and net tangible assets per share for FY 2015 and 2016 have been adjusted to reflect the enlarged number of shares of Sunway after the bonus issue of shares in 2017.