|
|
|
|
Group |
Group |
| 2008 |
2007 |
| RM |
RM |
| |
As restated |
| Continuing operation |
|
|
| Revenue |
102,330,591 |
83,079,137 |
| Other operating income | 369,445 |
480,903 |
| Advertising expenses | (977,313) |
(1,240,618) |
| Writeback of doubtful debts | 321,501 |
524,024 |
| Contract and outsourcing cost | (15,002,522) |
(14,671,196) |
| Depreciation | (1,465,325) |
(1,455,794) |
| Rental of office and equipment | (1,208,906) |
(904,649) |
| Staff costs | (28,858,352) |
(23,399,452) |
| Telecommunication expenses | (891,483) |
(793,789) |
| Traveling expenses | (775,779) |
(851,096) |
| Other operating expenses | (8,045,730) |
(8,679,412) |
|
 |
|
| Results from operating activities | 45,796,127 |
32,088,058 |
| Interest income | 1,349,518 |
1,094,852 |
| Allowance for diminution in value on other investments | (1,924,927) |
(226,122) |
| Impairment losses on investments | (3,400,000) |
(438,012) |
| Finance costs | (19,557) |
(7,802) |
| (Loss)/Gain on disposal of equity interest in an associate | (1,311,810) |
- |
|
|
|
| Operating profit | 40,489,351 |
32,510,974 |
| Share of (loss)/profit after tax and minority interest of equity accounted associates and jointly-controlled entities |
(571,595) |
1,151,759 |
|
|
|
| Profit before tax | 39,917,756 |
33,662,733 |
| Tax expense | (4,942,860) |
(3,379,481) |
|
|
|
| Profit for the year | 34,974,896 |
30,283,252 |
|
|
|
| Attributable to: | |
|
| Shareholders of the Company | 32,808,782 |
28,886,030 |
| Minority interest | 2,166,114 |
1,397,222 |
|
|
|
| Profit for the year | 34,974,896 |
30,283,252 |
|
|
|
| | |
|
| Basic earnings per ordinary share (sen) | 10.60 |
9.44 |
| | |
|
| Diluted earnings per ordinary share (sen) | 10.33 |
9.08 |
| |
|
|
|
|
|
|
Group |
Group |
|
2008 |
2007 |
|
RM |
RM |
|
|
As restated |
| Assets |
|
|
| Property and equipment |
13,994,133 |
13,690,082 |
| Intangible assets |
2,978,047 |
2,978,047 |
| Investments in subsidiaries |
- |
- |
| Investments in an associate and jointly-controlled entities |
7,379,228 |
10,906,896 |
| Other investments |
33,601,331 |
- |
| Deferred tax assets |
165,686 |
212,273 |
|
|
|
| Total non-current assets |
58,118,425 |
27,787,298 |
|
|
|
| |
|
|
| Other investments |
18,022,186 |
21,921,243 |
| Receivables, deposits and prepayments |
11,516,127 |
10,277,180 |
| Current tax assets |
- |
177,457 |
| Cash and cash equivalents |
51,119,836 |
54,480,359 |
|
|
|
| Total current assets |
80,658,149 |
86,856,239 |
|
|
|
| Total assets |
138,776,574 |
114,643,537 |
|
|
|
| |
|
|
| Equity |
|
|
| Share capital |
62,174,880 |
61,441,920 |
| Reserves |
3,544,777 |
676,124 |
| Retained earnings |
43,523,678 |
23,053,142 |
|
|
|
| Total equity attributable to shareholders of
the Company |
109,243,335 |
85,171,186 |
| Minority interest |
1,607,384 |
1,248,173 |
|
|
|
| Total equity |
110,850,719 |
86,419,359 |
|
|
|
| |
|
|
| Liabilities |
|
|
| Deferred tax liabilities |
16,431 |
74,420 |
| Loans and borrowings |
694,859 |
655,941 |
|
|
|
| Total non-current liabilities |
711,290 |
730,361 |
|
|
|
| |
|
|
| Deferred income |
16,233,638 |
12,128,628 |
| Payables and accruals |
8,320,705 |
13,407,654 |
| Taxation |
2,500,012 |
1,875,601 |
| Loans and borrowings |
160,210 |
81,934 |
|
|
|
| Total current liabilities |
27,214,565 |
27,493,817 |
|
|
|
| Total liabilities |
27,925,855 |
28,224,178 |
|
|
|
|
|
|
| Total equity and liabilities |
138,776,574 |
114,643,537 |
|
|
|
| |
|
|
|
|
|
|
Group |
Group |
|
2008 |
2007 |
|
RM |
RM |
| Cash flows from operating activities |
|
|
| Profit before tax |
39,917,756 |
33,662,733 |
| Adjustments for: |
|
|
| Depreciation |
1,465,325 |
1,455,794 |
| Impairment of goodwill |
- |
160,366 |
| Property and equipment written off |
22 |
1,139 |
| Gain on disposal of property and equipment |
(93) |
(1,868) |
| Share-based payments |
763,193 |
412,700 |
| Share of loss/(profit) after tax and minority interest of
equity accounted associates and a jointly-control entities |
571,595 |
(1,151,759) |
| Dividend income |
(1,150,964) |
- |
| Loss/(Gain) on disposal of the equity interest in an
associate |
1,311,810 |
- |
| Interest income |
(1,349,518) |
(1,094,852) |
| Finance costs |
19,557 |
7,802 |
| Gain on disposal of investments in unit trusts |
- |
(236,228) |
| Investment distribution income |
(437,799) |
(709,259) |
| Impairment loss for investment in subsidiaries |
- |
- |
| Impairment loss for investment in an associate |
3,400,000 |
- |
| Impairment loss for investment in a jointly-controlled entity |
- |
438,012 |
| Allowance for diminution in value on other investments |
1,924,927 |
226,122 |
| Unrealised foreign exchange loss/(gain) |
16,741 |
84,658 |
|
|
|
| Operating profit/(loss) before working
capital changes |
46,452,552 |
33,255,360 |
| Changes in working capital: |
|
|
| Receivables, deposits and prepayments |
(369,738) |
408,336 |
| Deferred income |
4,046,982 |
4,288,889 |
| Payables and accruals |
(523,757) |
3,681,017 |
|
|
|
| Cash generated from/(used in) operations |
49,606,039 |
41,633,602 |
| Income tax paid |
(4,223,865) |
(2,047,338) |
| Interest received |
1,349,518 |
1,094,852 |
| Finance costs |
(19,557) |
(7,802) |
|
|
|
| Net cash generated from/(used in) operating
activities |
46,712,135 |
40,673,314 |
|
|
|
| |
|
|
| Cash flows from investing activities |
|
|
| Acquisition of subsidiaries, net of cash acquired |
510,089 |
491,740 |
| Acquisition of an associate |
(8,487,984) |
(6,885,260) |
| Acquisition of a jointly-controlled entity |
(453,477) |
- |
| Acquisition of intellectual property |
- |
(330,000) |
| Investment distribution income received |
437,799 |
709,259 |
| Acquisition of other investments |
(24,618,516) |
(18,889,852) |
| Purchase of property and equipment |
(1,795,957) |
(1,337,287) |
| Purchase of treasury shares |
(1,280) |
- |
| Proceeds from disposal of property and equipment |
20,327 |
6,312 |
| Proceeds from redemption of investments in quoted unit trusts |
- |
7,000,000 |
| Dividends received from a subsidiary |
- |
- |
| Dividends received from an associate |
445,879 |
- |
| Dividends received from other investments |
1,150,964 |
- |
|
|
|
| Net cash (used in) /from investing
activities |
(32,792,156) |
(19,235,088) |
|
|
|
| |
|
|
| Cash flows from financing activities |
|
|
| Dividends paid to shareholders of the Company |
(17,041,302) |
(3,045,977) |
| Dividends paid to minority shareholders |
(2,327,288) |
(1,485,538) |
| Proceeds from issuance of shares pursuant to ESOS |
1,924,641 |
1,196,640 |
| Repayment of borrowings |
(106,807) |
- |
| Payment of corporate restructuring expenses |
- |
(684,269) |
|
|
|
| Net cash used in financing activities |
(17,550,756) |
(4,019,144) |
|
|
|
| |
|
|
| Net (decrease)/increase in cash and cash
equivalents |
(3,630,777) |
17,419,082 |
| |
|
|
| Cash and cash equivalents at beginning of
the year |
54,480,359 |
36,325,147 |
| |
|
|
| Effects of exchange rate changes on cash and
cash equivalents |
270,254 |
736,130 |
| |
|
|
|
|
|
| Cash and cash equivalents at end of year |
51,119,836 |
54,480,359 |
|
|
|
| |
|
|
| Cash and cash equivalents comprise: |
|
|
| Deposits with licensed banks |
43,955,043 |
50,246,652 |
| Cash and bank balances |
7,164,793 |
4,233,707 |
|
|
|
|
51,119,836 |
54,480,359 |
|
|
|
|
|
|
|
