FINANCIAL STATEMENTS
BALANCE SHEETS
31 DECEMBER 2005

 
Group
Company
2005
2004
2005
2004
RM
RM
RM
RM
PROPERTY, PLANT AND EQUIPMENT
289,664,461
282,226,860
84,134,328
73,171,655
SUBSIDIARY COMPANIES
-
-
127,309,353
127,309,353
ASSOCIATED COMPANIES
98,488,281
81,537,294
14,137,400
14,137,400
OTHER INVESTMENTS
3,878,361
3,869,662
108,361
99,662
GOODWILL ON ACQUISITION
1,972,065
2,184,864
-
-
DEFERRED TAX ASSETS
6,341,062
10,726,179
199,407
188,114

 
CURRENT ASSETS
Inventories
90,634,055
84,467,877
-
-
Trade and other receivables
111,674,868
108,354,616
453,553
4,107,409
Amount owing by subsidiary
companies
-
-
3,569,888
6,804,645
Amount owing by associated
companies
8,886,919
6,397,293
-
174
Tax recoverable
459,755
1,526,953
118,473
1,296,574
Fixed and short term deposits
25,875,000
24,775,000
24,510,000
22,310,000
Cash and bank balances
11,951,593
10,434,855
179,370
181,245
249,482,190
235,956,594
28,831,284
34,700,047
Less:        
CURRENT LIABILITIES        
Trade and other payables
68,389,217
64,241,857
2,753,478
2,492,781
Amount owing to subsidiary companies
-
-
5,604,567
5,664,497
Amount owing to associated companies
33,432,243
23,570,318
-
-
Bank borrowings
32,342,861
44,883,888
1,860
-
Tax payable
633,085
1,880,252
-
-
 
134,797,406
134,576,315
8,359,905
8,157,278
NET CURRENT ASSETS
114,684,784
101,380,279
20,471,379
26,542,769
515,029,014
481,925,138
246,360,228
241,448,953
Financed by:
SHARE CAPITAL
214,720,012
70,000,004
214,720,012
70,000,004
RESERVES
230,783,245
334,247,155
31,640,216
171,448,949
SHAREHOLDERS’ EQUITY
445,503,257
404,247,159
246,360,228
241,448,953
MINORITY INTEREST
26,598,697
23,222,450
-
-
LONG TERM AND DEFERRED LIABILITIES
Discount on acquisition
1,944,417
1,944,417
-
-
Long term loans
38,800,000
50,000,000
-
-
Deferred tax liabilities
2,182,643
2,511,112
-
-
 
42,927,060
54,455,529
-
-
515,029,014
481,925,138
246,360,228
241,448,953


INCOME STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2005
 
Group
Company
 
2005
2004
2005
2004
 
RM
RM
RM
RM
         
Gross revenue
715,295,559
693,379,802
16,304,284
37,527,552
Cost of sales
(578,213,153)
(559,632,297)
(3,083,376)
(2,891,561)
Gross profit
137,082,406
133,747,505
13,220,908
34,635,991
Other operating income
2,808,318
3,053,573
704,341
518,286
Selling and distribution expenses
(50,930,634)
(49,259,952)
-
-
Administrative and general expenses
(35,171,785)
(31,967,452)
(1,151,176)
(657,473)
Profit from operations
53,788,305
55,573,674
12,774,073
34,496,804
Finance costs
(3,423,012)
(3,508,337)
(105,703)
(480,834)
Share of profit in associated companies
18,577,458
9,890,282
-
-
Profit before tax
68,942,751
61,955,619
12,668,370
34,015,970
Tax expense        
- Company and its subsidiaries
(12,820,778)
(15,934,540)
(1,977,095)
(5,259,842)
- Share of tax expense in associated companies
(5,182,675)
(2,453,362)
-
-
Profit after tax
50,939,298
43,567,717
10,691,275
28,756,128
Minority interest
(3,903,499)
(3,778,526)
-
-
Net profit for the year
47,035,799
39,789,191
10,691,275
28,756,128
Earnings per share (sen)
22.4
18.9
Net dividend per share (sen)
3.0
23.0
3.0
23.0