|
|
|
|
Group |
Group |
|
2022 |
2021 |
|
RM |
RM |
| Revenue |
9,531,376 |
6,353,995 |
| Other operating income |
1,160,463 |
1,864,455 |
| Contract and outsourcing cos |
(348,639) |
(289,293) |
| Depreciation of property and equipment |
(41,924) |
(45,557) |
| Depreciation of right-of-use assets |
(59,109) |
(118,167) |
| Staff costs |
(2,486,874) |
(2,402,849) |
| Other operating expenses |
(2,293,290) |
(1,982,538) |
|
 |
|
| Results from operating activities |
5,462,003 |
3,380,046 |
Interest income
Interest expense |
-
(10,466) |
7
(8,761) |
| Net interest income |
(10,466) |
(8,754) |
Loss on financial assets
classified as fair value
through profit or loss |
464,229 |
(2,147) |
Gain/(loss) on accretion/(dilution) of
interest in an associate |
- |
12,608 |
Gain on disposal of investment in
an associate |
5,032,597 |
1,588,988 |
Share of profit of equity
accounted associates, net of tax |
14,651,077 |
13,309,900 |
|
|
|
| Profit before tax |
25,599,440 |
18,280,641 |
| Tax expense |
(2,025,353) |
(1,541,148) |
|
|
|
| Profit for the year |
23,574,087 |
16,739,493 |
|
|
|
| |
|
|
| Profit for the year |
23,574,087 |
16,739,493 |
Other comprehensive income,
net of tax |
|
|
Items that will not be
reclassified subsequently
to profit or loss |
|
|
Net change in fair value of
equity investments
designated at fair value
through other comprehensive
income |
|
|
| Gain/(Loss) on price change |
(11,775,168) |
5,607,082 |
| - (Loss)/Gain on exchange differences |
3,642,996 |
(136,696) |
Items that are or may be
reclassified subsequently to
profit or loss |
|
|
Foreign currency translation
differences for foreign operations |
(7,292,612) |
5,648,430 |
Share of (loss)/gain of equity-
accounted associates |
389,078 |
55,991 |
|
|
|
Total other comprehensive
expense for the year, net of tax |
(15,035,706) |
11,174,807 |
|
|
|
Total comprehensive income for
the year |
8,538,381 |
27,914,300 |
|
|
|
| |
|
|
| Profit attributable to: |
|
|
| Owners of the Company |
23,572,972 |
16,797,106 |
| Non-controlling interests |
1,115 |
(57,613) |
|
|
|
| Profit for the year |
23,574,087 |
16,739,493 |
|
|
|
| |
|
|
Total comprehensive income
attributable to: |
|
|
| Owners of the Company |
8,538,613 |
27,975,463 |
| Non-controlling interests |
(232) |
(61,163) |
|
|
|
Total comprehensive income
for the year |
8,538,381 |
27,914,300 |
|
|
|
| |
|
|
Basic earnings per ordinary
share based on profit
attributable to owners of the
Company (sen): |
17.85 |
12.68 |
|
|
|
|
|
|
|
Group |
Group |
|
2022 |
2021 |
|
RM |
RM |
| Assets |
|
|
| Property and equipment |
57,010 |
72,522 |
| Right-of-use assets |
94,402 |
33,763 |
| Investment properties |
18,388,000 |
18,388,000 |
| Investments in associates |
125,705,566 |
133,928,495 |
| Other investments |
137,126,789 |
105,450,305 |
|
|
|
| Total non-current assets |
281,371,767 |
257,873,085 |
|
|
|
| |
|
|
| Other investments |
22,384,799 |
- |
| Current tax assets |
87,119 |
38,879 |
Trade and other receivables
|
212,484 |
183,683 |
Prepayments and other assets
|
126,107 |
141,732 |
Deposits with licensed banks
with original maturities
more than three months |
20,621,074 |
20,188,216 |
| Cash and cash equivalents |
25,989,951 |
68,357,578 |
|
|
|
| Total current assets |
69,421,534 |
88,910,088 |
|
|
|
| Total assets |
350,793,301 |
346,783,173 |
|
|
|
| |
|
|
| Equity |
|
|
| Share capital |
196,619,727 |
196,619,727 |
| Reserves |
152,176,828 |
148,259,429 |
|
|
|
Total equity attributable
to owners of the Company |
348,796,555 |
344,879,156 |
| Non-controlling interests |
22,837 |
23,069 |
|
|
|
| Total equity |
348,819,392 |
344,902,225 |
|
|
|
| |
|
|
| Liabilities |
|
|
| Borrowings |
158,774 |
181,500 |
| Lease liabilities |
36,593 |
- |
| Deferred tax liabilities |
99,224 |
116,446 |
|
|
|
| Total non-current liabilities |
294,591 |
297,946 |
|
|
|
| |
|
|
| Borrowings |
7,726 |
- |
| Lease liabilities |
59,104 |
33,956 |
| Other payables |
1,602,011 |
1,537,794 |
| Current tax payables |
10,477 |
11,252 |
|
|
|
| Total current liabilities |
1,679,318 |
1,583,002 |
|
|
|
| Total liabilities |
1,973,909 |
1,880,948 |
|
|
|
| Total equity and liabilities |
350,793,301 |
346,783,173 |
|
|
|
|
|
|
|
Group |
Group |
|
2022 |
2021 |
|
RM |
RM |
| Cash flows from operating activities |
|
|
| Profit before tax |
25,599,440 |
18,280,641 |
| |
| Adjustments for: |
|
|
Depreciation of property and
equipment |
41,924 |
45,557 |
Depreciation of right-of-use
assets |
59,109 |
118,167 |
| Property and equipment written off |
- |
2 |
Share of profit after tax of
equity-accounted associates |
(14,651,077) |
(13,309,900) |
| Dividend income |
(7,161,770) |
(3,461,162) |
| Interest income |
(669,969) |
(751,130) |
| Finance cost |
10,466 |
8,761 |
| Investment distribution income |
(54,423) |
(603,442) |
Loss/(Gain) on financial
assets classified as fair
value through profit or loss |
(464,229) |
2,147 |
Gain on changes of interest
in associates |
- |
(12,608) |
Gain on disposal of investment
in associates |
(5,032,597) |
(1,588,988) |
Unrealised foreign exchange
(gain)/loss |
81,402 |
(775,516) |
|
|
|
| Operating loss before working capital changes |
(2,241,724) |
(2,047,471) |
| Changes in trade and other receivables |
15,811 |
356,464 |
| Changes in prepayments and other assets |
15,052 |
(15,255) |
| Changes in other payables |
(160,288) |
(72,953) |
|
|
|
| Cash used in operations |
(2,371,149) |
(1,779,215) |
| Income tax paid |
(2,102,499) |
(1,609,075) |
| Interest received |
621,301 |
820,860 |
| Interest paid |
(10,418) |
(8,772) |
|
|
|
| Net cash used in operating activities |
(3,862,765) |
(2,576,202) |
|
|
|
| |
|
|
| Cash flows from investing activities |
|
|
| Acquisition of other investments |
(83,114,590) |
(99,371,691) |
| Acquisition of property and equipment |
(26,058) |
- |
| Acquisition of treasury shares |
- |
(2,729,988) |
| Dividends received from an associate |
12,146,281 |
8,909,246 |
Dividends received from other
investments |
7,161,770 |
3,461,162 |
Investment distribution income
received |
54,423 |
603,442 |
Net change in deposits with
licensed banks with original
maturities more than 3 months |
(432,858) |
11,019,339 |
Proceeds from disposal of investment
in an associate |
8,669,537 |
2,836,875 |
Proceeds from disposal of
other investments |
21,385,364 |
93,847,807 |
|
|
|
Net cash generated from/(used in)
investing activities |
(34,156,131) |
18,576,192 |
|
|
|
| |
|
|
| Cash flows from financing activities |
|
|
| Dividends paid to shareholders of the Company |
(4,621,214) |
(3,965,140) |
| Payment of lease liabilities |
(58,445) |
(119,397) |
| Proceeds from borrowings |
- |
181,500 |
|
|
|
| Net cash used in financing activities |
(4,679,659) |
(3,903,037) |
Net decrease in cash and
cash equivalents |
(42,698,555) |
12,096,953 |
Cash and cash equivalents at
beginning of the year |
68,357,578 |
55,431,594 |
Effects of exchange rate
fluctuations on cash held |
330,928 |
829,031 |
|
|
|
Cash and cash equivalents
at end of year |
25,989,951 |
68,357,578 |
|
|
|
| |
|
|
| Cash outflows for leases as a lessee |
|
|
Included in net cash from operating
activities |
|
|
Payment relating to leases of low value
assets |
2,160 |
2,160 |
| Interest paid in relation to lease liabilities |
9,697 |
8,445 |
Included in net cash from
financing activities |
|
|
| Payment of lease liabilities |
58,445 |
119,397 |
|
|
|
| Total cash outflows for leases |
70,302 |
130,002 |
|
|
|
|
Reconciliation of movements of liabilities to cash flows arising from financing activities
|
| |
At 1
January
2021 |
Acquisition
of new
lease |
Net changes
from financing
cash flows |
Foreign
exchange
movement |
At 31
December
2021/At 1
January 2022 |
Acquisition
of new
lease |
Net changes
from financing
cash flows |
Foreign
exchange
movement |
At 31
December
2022 |
| |
RM |
RM |
RM |
RM |
RM |
RM |
RM |
RM |
RM |
| Lease liabilities |
82,802 |
72,500 |
(119,397) |
(1,949) |
33,956 |
116,046 |
(58,445) |
4,140 |
95,697 |
| Borrowings |
- |
- |
181,500 |
- |
181,500 |
- |
- |
(15,000) |
166,500 |
|
|
Total liabilities
from financing
activities
|
82,802 |
72,500 |
62,103 |
(1,949) |
215,456 |
116,046 |
(58,445) |
(10,860) |
262,197 |
|
|
|
