KIM HIN INDUSTRY BERHAD
Interim Financial Report
30 September 2011
(018203-V)
KIM HIN INDUSTRY BHD
(Company No: 018203-V)
Interim Financial Report for the Nine Months ended 30 September 2011
Index
Page
Condensed Consolidated Statement of Comprehensive Income
1-2
Condensed Consolidated Statement of Financial Position
3-4
Condensed Consolidated Statement of Changes in Equity
5
Condensed Consolidated Statement of Cash Flows
6
Part A – Explanatory Notes Pursuant to FRS 134
7 - 12
Part B – Explanatory Notes Pursuant to Appendix 9B of the Listing
Requirements of Bursa Malaysia Securities Berhad
13 - 17
KIM HIN INDUSTRY BHD
(Company No: 018203-V)
Interim report for the nine months ended 30 September 2011
Condensed Consolidated Statement of Comprehensive Income
Individual Quarter
3 months ended
30.09.2011 30.09.2010
Note
Revenue
Operating expenses
RM’000
RM’000
RM’000
RM’000
67,371
53,610
196,674
179,261
(66,551)
(50,459)
(196,489)
(174,644)
1,798
1,950
11,071
4,237
846
1,708
2,443
Other income
Investment income
(65)
Finance costs
Share of loss of associate
Profit before tax
Income tax expense
Profit for the period
17
Cumulative Quarter
9 months ended
30.09.2011 30.09.2010
(5)
(4)
(36)
(13)
(4)
––––––
2,544
(4)
––––––
5,939
(13)
––––––
12,915
(13)
––––––
11,271
(1,172)
––––––
1,372
––––––
(2,076)
––––––
3,863
––––––
(2,899)
––––––
10,016
––––––
(3,549)
––––––
7,722
––––––
3,234
––––––
3,234
––––––
(2,149)
––––––
(2,149)
––––––
3,025
––––––
3,025
––––––
(3,611)
––––––
(3,611)
––––––
4,606
=====
1,714
=====
13,041
=====
4,111
=====
Other comprehensive income:
Exchange translation differences
on foreign subsidiaries
Total other comprehensive income
Total comprehensive income
for the period
1
KIM HIN INDUSTRY BHD
(Company No: 018203-V)
Interim report for the nine months ended 30 September 2011
Condensed Consolidated Statement of Comprehensive Income (contd.)
Individual Quarter
3 months ended
30.09.2011 30.09.2010
Note
Cumulative Quarter
9 months ended
30.09.2011 30.09.2010
RM’000
RM’000
RM’000
RM’000
864
508
–––––
1,372
====
3,670
193
–––––
3,863
====
9,364
652
––––––
10,016
=====
7,317
405
–––––
7,722
====
3,241
1,365
–––––
4,606
====
2,025
(311)
–––––
1,714
====
11,823
1,218
––––––
13,041
=====
4,846
(735)
–––––
4,111
====
0.62
0.62
===
2.63
2.63
===
6.71
6.71
====
5.24
5.24
====
Profit attributable to:
Owners of the parent
Minority interests
Total comprehensive income
attributable to:
Owners of the parent
Minority interest
Earnings per share attributable
to owners of the parent:
26
- Basic, EPS for the period (sen)
- Diluted, EPS for the period (sen)
The condensed consolidated statement of comprehensive income should be read in
conjunction with the audited financial statements for the year ended 31 December 2010 and
the accompanying explanatory notes attached to the interim financial statements.
2
KIM HIN INDUSTRY BHD
(Company No: 018203-V)
Interim report for the nine months ended 30 September 2011
Condensed Consolidated Statement of Financial Position
As at
30.09.2011
As at
31.12.2010
RM’000
RM’000
184,696
176,984
23
36
77,396
76,696
2
2
10,008
–––––––
272,125
–––––––
10,008
–––––––
263,726
–––––––
Inventories
86,374
88,265
Trade receivables
59,877
53,027
Other receivables, deposits and prepayments
8,167
4,687
Current tax assets
4,575
3,635
-
395
53,689
69,060
Cash and bank balances
21,556
–––––––
234,238
–––––––
14,118
–––––––
233,187
–––––––
TOTAL ASSETS
506,363
======
496,913
======
Note
ASSETS
Non-current assets
Property, plant and equipment
Investment in an associated company
Other investments
19
Deferred tax asset
Goodwill on consolidation
Current assets
Derivative assets
24
Deposits with financial institutions
3
KIM HIN INDUSTRY BHD
(Company No: 018203-V)
Interim report for the nine months ended 30 September 2011
Condensed Consolidated Statement of Financial Position (contd.)
As at
30.09.2011
As at
31.12.2010
RM’000
RM’000
Share capital
154,916
154,916
Treasury shares, at cost
(24,309)
(24,309)
Note
EQUITY AND LIABILITIES
Equity attributable to equity holders of the parent
Reserves
311,492
–––––––
442,099
306,646
–––––––
437,253
Minority interest
17,710
–––––––
459,809
–––––––
16,492
–––––––
453,745
–––––––
54
55
97
32
2,378
–––––––
2,529
–––––––
2,664
–––––––
2,751
–––––––
101
108
Trade payables
29,109
27,745
Other payables and accruals
13,463
12,213
329
-
1,023
–––––––
44,025
–––––––
46,554
–––––––
351
–––––––
40,417
–––––––
43,168
–––––––
506,363
======
496,913
======
TOTAL EQUITY
Non-current liabilities
Provision of employee benefits
Hire purchase liabilities
21
Deferred taxation
Current liabilities
Hire purchase liabilities
21
Derivative liabilities
24
Tax payable
TOTAL LIABILITIES
TOTAL EQUITY AND LIABILITIES
Net assets per share attributable to ordinary
equity holders of the parent (RM)
(after deducting 15,376,900 (2010: 15,376,900) treasury shares)
3.17
===
3.13
===
The condensed consolidated statement of financial position should be read in conjunction
with the audited financial statements for the year ended 31 December 2010 and the
accompanying explanatory notes attached to the interim financial statements.
4
KIM HIN INDUSTRY BHD
(Company No: 018203-V)
Interim report for the nine months ended 30 September 2011
Condensed Consolidated Statement of Changes in Equity
At 1 January 2011
Total comprehensive income
for the period
Share
capital
Treasury
shares
RM’000
RM’000
154,916
-
Attributable to Equity Holders of the Parent
Non-distributable
Distributable
Share
Share
Reserve fund Translation
premium option and enterprise adjustment Revenue
reserve reserves expansion fund account
reserve
RM’000
(24,309)
-
RM’000
Total
Minority
interest
Total
equity
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
50,877
54
1,201
12,024
242,490
437,253
16,492
453,745
-
-
-
2,459
9,364
11,823
1,218
13,041
Transactions with owners
Dividend paid
At 30 September 2011
At 1 January 2010
Total comprehensive income
for the period
–––––––
154,916
======
––––––
(24,309)
=====
––––––
50,877
=====
––––––
54
=====
––––––
1,201
=====
––––––
14,483
=====
(6,977)
–––––––
244,877
======
(6,977)
–––––––
442,099
======
––––––
17,710
=====
(6,977)
–––––––
459,809
======
154,916
(24,309)
50,877
54
1,095
14,665
235,201
432,499
17,735
450,234
-
-
-
7,317
4,846
––––––
50,877
=====
––––––
54
=====
––––––
1,095
=====
-
-
(2,471)
(735)
4,111
Transactions with owners
Dividend paid
At 30 September 2010
–––––––
154,916
======
––––––
(24,309)
=====
––––––
12,194
=====
(6,977)
–––––––
235,541
======
(6,977)
–––––––
430,368
======
––––––
17,000
=====
(6,977)
–––––––
447,368
======
The condensed consolidated statement of changes in equity should be read in conjunction with the audited financial statements for the year ended 31 December
2010 and the accompanying explanatory notes attached to the interim financial statements.
5
KIM HIN INDUSTRY BHD
(Company No: 018203-V)
Interim report for the nine months ended 30 September 2011
Condensed Consolidated Statement of Cash Flows
9 months ended
30.09.2011
30.09.2010
RM’000
RM’000
11,363
23,495
Net cash used in investing activities
(12,502)
(33,725)
Net cash used in financing activities
(7,307)
––––––
(8,446)
(7,091)
–––––––
(17,321)
Net cash generated from operating activities
Net decrease in cash and cash equivalents
Effect of translation adjustments
Cash and cash equivalents at beginning of financial period
Cash and cash equivalents at end of financial period
513
575
83,178
––––––
75,245
=====
105,343
–––––––
88,597
======
Cash and cash equivalents at end of financial period comprise the following:
Cash on hand and at bank
Deposits with financial institutions
As at
30.09.2011
As at
30.09.2010
RM’000
RM’000
21,556
53,689
––––––
75,245
=====
13,003
75,594
––––––
88,597
=====
The condensed consolidated statement of cash flows should be read in conjunction with the
audited financial statements for the year ended 31 December 2010 and the accompanying
explanatory notes attached to the interim financial statements.
6
KIM HIN INDUSTRY BHD
(Company No: 018203-V)
PART A – Explanatory Notes Pursuant to FRS 134
1.
Basis of preparation
The interim financial statements have been prepared on the historical basis, modified to
include the revaluation of certain property, plant and equipment.
The interim financial statements have been prepared in accordance with FRS 134, Interim
Financial Reporting, and the applicable disclosure provisions of the Listing Requirements
of Bursa Malaysia Securities Berhad. The unaudited interim financial statement should be
read in conjunction with the audited annual financial statements of the Group for the
financial year ended 31 December 2010. The explanatory notes attached to the interim
financial statements provide an explanation of events and transactions that are significant
to an understanding of the changes in the financial position and performance of the Group
since the year ended 31 December 2010.
2.
Significant accounting policies
The significant accounting policies adopted are consistent with those of the audited
financial statements for the financial year ended 31 December 2010, except for the
adoption of the following Financial Reporting Standards (“FRS”), Amendments to FRSs,
Issues Committee Interpretations (“IC Interpretations”) and Technical Release (“TR”).
FRSs, Interpretations and amendments effective for annual periods beginning on or after 1
March 2010
Amendments to FRS 132
Classification of Right Issues
FRSs, Interpretations and amendments effective for annual periods beginning on or after 1
July 2010
FRS 1
FRS 3
Amendments to FRS 2
Amendments to FRS 5
Amendments to FRS 127
Amendments to FRS 138
Amendment to
IC Interpretation 9
IC Interpretation 12
IC Interpretation 16
IC Interpretation 17
First-time Adoption of Financial Reporting Standards
Business Combinations (revised)
Share-based Payment
Non-current Assets Held for Sale and Discontinued Operations
Consolidated and Separate Financial Statements
Intangible Assets
Reassessment of Embedded Derivatives
Service Concession Arrangements
Hedges of a Net Investment in a Foreign Operation
Distributions of Non-cash Assets to Owners
7
KIM HIN INDUSTRY BHD
(Company No: 018203-V)
PART A – Explanatory Notes Pursuant to FRS 134
2.
Significant accounting policies (contd.)
FRSs, Interpretations and amendments effective for annual periods beginning on or after 1
January 2011
Amendments to FRS 1
Amendments to FRS 1
Amendments to FRS 2
Amendments to FRS 7
Amendments to
IC Interpretation 13
IC Interpretation 4
IC Interpretation 18
Limited Exemption from Comparative FRS 7 Disclosures
for First-time Adopters
Additional Exemptions for First-time Adopters
Group Cash-settled Share-based Payment Transactions
Improving Disclosures about Financial Instruments
Improvements to FRS issued in 2010
Determining Whether an Arrangement contains a Lease
Transfer of Assets from Customers
The adoption of the above FRSs, IC Interpretations, Amendments to FRSs and
Amendments to IC Interpretations, do not have any material impact on the current and
prior period financial statements upon their first adoption.
The following FRS and IC Interpretations have been issued by the Malaysian Accounting
Standards Board but are not yet effective, and have yet to be adopted by the Group.
IC Interpretation 19
Amendments to
IC Interpretation 14
FRS 124
3.
Extinguishing Financial Liabilities with Equity Instruments
Prepayments of a Minimum Fund Requirement
Related Party Disclosure (revised)
Comments about seasonal or cyclical factors
The business operations of the Group have not been significantly affected by seasonal or
cyclical factors except for the festive season, which normally affects the construction
industry in the first quarter of the year.
4.
Unusual items due to their nature, size and incidence
There were no unusual items affecting the assets, liabilities, equity, net income, or cash
flows of the Group for the financial period ended 30 September 2011.
5.
Changes in estimates
There were no changes in estimates that have had a material effect in the current financial
period results.
8
KIM HIN INDUSTRY BHD
(Company No: 018203-V)
PART A – Explanatory Notes Pursuant to FRS 134
6.
Dividends paid
A first and final dividend in respect of the financial year ended 31 December 2010, of 5.0
sen per ordinary share, tax exempt, on 139,539,113 ordinary shares, amounting to
RM6,976,956 has been paid on 28 July 2011.
7.
Subsequent events
There were no material events subsequent to the end of the current financial period.
8.
Changes in composition of the Group
There were no changes in the composition of the Group during the current financial period.
9.
Debts and equity securities
During the current financial period, there are no issuances, repurchases and repayments of
debt and equity securities. A total of 3,948,000 options remained unexercised as at the end
of the financial period.
10.
Changes in contingent liabilities and contingent assets
There were no changes in contingent liabilities or contingent assets since the last annual
balance sheet as at 31 December 2010.
9
KIM HIN INDUSTRY BHD
(Company No: 018203-V)
PART A – Explanatory Notes Pursuant to FRS 134
11.
Segmental information
The information for each of the Group’s geographical segments for the current financial
period is as follows:
Malaysia
China
Australia
Operation
Operation
Operation
Total
RM’000
RM’000
RM’000
RM’000
35,897
––––––
35,897
=====
7,361
––––––
7,361
=====
198,805
(2,131)
–––––––
196,674
======
30.09.2011
Segment Revenue
Total sales
Inter-segment sales
155,547
(2,131)
–––––––
153,416
======
Segment Results
Segment operating profit/(loss)
Finance cost
Share of loss of associate
Profit/(loss) before tax
Income tax expense
Profit/(loss) for the period
Minority interest
Profit/(loss) attributable
to owners of the parent
10,313
(18)
(13)
–––––
10,282
(2,105)
–––––
8,177
–––––
2,984
–––––
2,984
(794)
–––––
2,190
(652)
–––––
(333)
(18)
––––
(351)
––––
(351)
––––
12,964
(36)
(13)
–––––
12,915
(2,899)
–––––
10,016
(652)
–––––
8,177
====
1,538
====
(351)
====
9,364
====
30.09.2010
Segment Revenue
Total sales
Inter-segment sales
143,076
(3,964)
–––––––
139,112
======
33,539
(206)
––––––
33,333
=====
6,816
––––––
6,816
=====
183,431
(4,170)
–––––––
179,261
======
9,275
(4)
(13)
–––––
9,258
(2,784)
–––––
6,474
–––––
2,184
–––––
2,184
(765)
–––––
1,419
(405)
––––
(162)
(9)
––––
(171)
––––
(171)
––––
11,297
(13)
(13)
–––––
11,271
(3,549)
–––––
7,722
(405)
–––––
6,474
====
1,014
====
(171)
===
7,317
====
Segment Results
Segment operating profit/(loss)
Finance cost
Share of loss of associate
Profit/(loss) before tax
Income tax expense
Profit/(loss) for the period
Minority interest
Profit/(loss) attributable
to owners of the parent
10
KIM HIN INDUSTRY BHD
(Company No: 018203-V)
PART A – Explanatory Notes Pursuant to FRS 134
12.
Performance review
During the current financial quarter under review, revenue of the Group improved to
RM67.4 million from RM53.6 million and profit before tax for the quarter declined from
RM5.9 million to RM2.5 million when compared to the preceding year’s corresponding
financial quarter ended 30 September 2010.
The performance of the Group was affected by losses arising from fair value changes on
other investments of RM3.3 million and foreign exchange loss of RM0.7 million.
13.
Comment on material change in profit before tax
The Group’s revenue for the current financial quarter has decreased to RM67.4 million as
compared to RM71.4 million recorded in the immediate preceding quarter.
The Group recorded profit before tax of RM2.5 million for the current financial quarter
under review as compared to profit before tax of RM9.6 million for the immediate
preceding quarter, mainly due to losses arising from fair value changes on other
investments of RM3.3 million, foreign exchange loss of RM0.7 million and lower gains on
disposal of properties of RM1.5 million as compared to RM5.5 million reported in the
immediate preceding quarter.
14.
Current year prospects
The Group expects the business and trading environment for the current year to continue to
be challenging in view of the uncertainties prevalent in the global economy, intense
competition in domestic market as well as the continual high price level of liquefied
petroleum gas. The results of the Group will largely depend upon the performance of the
national and regional economies, fluctuations in main operating costs and foreign
exchange movement.
11
KIM HIN INDUSTRY BHD
(Company No: 018203-V)
PART A – Explanatory Notes Pursuant to FRS 134
15.
Capital commitments
The amount of commitments for the purchase of property, plant and equipment not
provided for in the interim financial statements as at 30 September 2011 is as follows:
RM’000
Authorised and contracted for
Authorised but not contracted for
16.
22,071
6,408
––––––
28,479
=====
Profit forecast or profit guarantee
The disclosure requirements for explanatory notes for the variance of actual profit after tax
and minority interest and forecast profit after tax and minority interest and for the shortfall
in profit guarantee are not applicable.
17.
Income tax expense
9 months ended
30.09.2011 30.09.2010
RM’000
Current income tax:
Malaysian income tax
Foreign tax
(Over)/under provided in prior years:
Malaysian income tax
Foreign tax
Deferred tax
Tax expense for the period
RM’000
2,483
583
–––––
3,066
3,279
755
–––––
4,034
(91)
211
–––––
3,186
(287)
–––––
2,899
=====
(962)
–––––
3,072
477
–––––
3,549
=====
The effective tax rates for the current financial period presented are lower than the
statutory tax rate principally due to gains on disposal of properties, which are recognised as
capital gains, are exempted from tax as the holding period exceeded five years.
18.
Sale of unquoted investments and properties
Other than the sale of properties by a subsidiary of the Group, resulting in gains of
RM7,052,000, there were no sales of unquoted investments and properties for the current
financial period.
12
KIM HIN INDUSTRY BHD
(Company No: 018203-V)
PART B – Explanatory Notes Pursuant to Appendix 9B of the Listing Requirements of
Bursa Malaysia Securities Berhad
19.
Other investments
Included in the other investments are the following:
Quoted securities
Unquoted investments
As at
30.09.2011
As at
30.09.2010
RM’000
RM’000
75,396
2,000
––––––
77,396
=====
69,586
2,000
––––––
71,586
=====
75,831
77,396
75,396
=====
71,696
71,586
74,768
=====
2,993
2,046
35,788
31,043
3,526
––––––
75,396
2,000
––––––
77,396
=====
5,325
1,986
1,500
21,680
35,666
3,429
––––––
69,586
2,000
––––––
71,586
=====
Investment in quoted securities:
At cost
At book value
At market value
The analysis of other investments is as follows:
Bond fund
Bond paper
Capital guaranteed fund
Equity fund
Fixed income fund
Islamic Medium Term Notes
Quoted securities in unit trusts
Unquoted – structured products
Details of purchases and disposal of other investments are as follows:
9 months ended
30.09.2011 30.09.2010
RM’000
Purchase consideration
Sales proceeds
Gain/(loss) on disposal
8,891
7,361
191
=====
13
RM’000
18,747
18,014
(220)
=====
KIM HIN INDUSTRY BHD
(Company No: 018203-V)
PART B – Explanatory Notes Pursuant to Appendix 9B of the Listing Requirements of
Bursa Malaysia Securities Berhad
20.
Status of corporate proposals
There were no corporate proposals announced but not completed as at 16 November 2011.
21.
Borrowings and debt securities
As at
30.09.2011
As at
30.09.2010
RM’000
RM’000
The details of the Group’s secured borrowings are as follows:
Hire purchase liabilities
Short term
Long term
101
97
–––
198
===
Total
114
39
–––
153
===
The Group’s borrowings include borrowings by a foreign subsidiary in Ringgit equivalent
as at 30 September 2011 as follows:
AUD’000
Australian Dollar
22.
15
===
RM’000
Equivalent
45
===
Off balance sheet financial instruments
There were no off balance sheet financial instruments as at 16 November 2011.
23.
Changes in material litigation
As at the date of this announcement, the Group is not engaged in any pending material
litigation except for debt recovery actions initiated by the Group against certain of its trade
receivables in the normal course of business.
14
KIM HIN INDUSTRY BHD
(Company No: 018203-V)
PART B – Explanatory Notes Pursuant to Appendix 9B of the Listing Requirements of
Bursa Malaysia Securities Berhad
24.
Derivatives financial instruments
As at the end of the financial period, the derivatives (including financial instruments
designated as hedging instruments) entered into by the Group consist of forward foreign
exchange contracts entered regularly by a subsidiary of the Group with licensed financial
institutions to hedge against currency fluctuation for its accounts receivables and payables
as part of the normal course of business. Details of the outstanding derivative financial
instruments as at 30 September 2011 are tabulated below.
Maturity within 1 year
Contract
Value
Fair
Value
Gain/(loss)
on fair value
changes
RM’000
RM’000
RM’000
11,574
=====
11,903
=====
Reason for
gain/(loss)
(329) Weakening of Ringgit
==== Malaysia against USD
The fair value of forward foreign exchange contract is determined by using the market
rates at the end of reporting period and changes in the fair value is recognised in the profit
or loss. The subsequent cumulative change in the fair value of the commitment
attributable to the hedged risk is recognised as an asset or a liability with the corresponding
gain or loss recognised in the profit or loss.
The above derivative financial instrument is subjected to credit risk arising from the
possibility of default of the counter party in meeting its contractual obligations in which
the Group has a gain in the contract. This, however, is minimised as the financial
instrument is executed with creditworthy financial institutions in Malaysia.
The Group had sufficient internal funds for its settlement when it falls due.
25.
Dividend payable
An interim ordinary dividend has not been declared for the financial period ended 30
September 2011 (30 September 2010: Nil).
15
KIM HIN INDUSTRY BHD
(Company No: 018203-V)
PART B – Explanatory Notes Pursuant to Appendix 9B of the Listing Requirements of
Bursa Malaysia Securities Berhad
26.
Earnings per share
(a) Basic
Basic Earnings per share amounts are calculated by dividing profit for the period
attributable to ordinary equity holders of the parent by the weighted average number of
ordinary shares in issue during the period, excluding treasury shares held by the
Company.
Individual Quarter
Cumulative Quarter
3 months ended
9 months ended
30.09.2011 30.09.2010 30.09.2011 30.09.2010
Profit attributable to
owners of the parent
(RM’000)
864
3,670
9,364
7,317
Weighted average number of
ordinary shares in issue
(’000)
Basic earnings per share
(sen)
139,539
139,539
139,539
139,539
0.62
======
2.63
======
6.71
======
5.24
======
(b) Diluted
For the purpose of calculating diluted earnings per share, the profit for the period
attributable to ordinary equity holders of the parent and the weighted average number
of ordinary shares in issue during the period have been adjusted for the dilutive effects
of all potential ordinary shares, namely share options granted to employees.
Individual Quarter
Cumulative Quarter
3 months ended
9 months ended
30.09.2011 30.09.2010 30.09.2011 30.09.2010
Profit attributable to
owners of the parent
(RM’000)
864
3,670
9,364
7,317
Weighted average number
of ordinary shares in issue (’000)
139,539
139,539
139,539
139,539
–––––––
–––––––
–––––––
–––––––
139,539
======
139,539
======
139,539
======
139,539
======
0.62
======
2.63
======
6.71
======
5.24
======
Effect of dilution
due to share options
(’000)
Adjusted weighted average
number of ordinary shares
in issue and issuable
(’000)
Diluted earnings per share
(sen)
16
KIM HIN INDUSTRY BHD
(Company No: 018203-V)
PART B – Explanatory Notes Pursuant to Appendix 9B of the Listing Requirements of
Bursa Malaysia Securities Berhad
27.
Realised and unrealised profits
The breakdown of revenue reserve of the Group as at the reporting date, into realised and
unrealised profits is presented in accordance with the directive issued by Bursa Malaysia
Securities Berhad dated 25 March 2010 and prepared in accordance with the Guidance on
Special Matter No. 1, Determination of Realised and Unrealised Profits or Losses in the
Context of Disclosure Pursuant to Bursa Malaysia Securities Berhad Listing Requirements,
as issued by the Malaysian Institute of Accountants.
As at
As at
30.09.2011 31.12.2010
Total retained profits of the Company and its subsidiaries
- Unrealised in respect of
- deferred tax recognised in the income statement
- other items of income and expense
Total share of accumulated losses from an associate:
- Realised
Less: Consolidated adjustments
Revenue reserve as per financial statements
RM’000
RM’000
250,400
247,229
(2,376)
(36)
–––––––
247,988
(2,662)
(36)
––––––
244,531
(1,869)
–––––––
246,119
(1,242)
–––––––
244,877
======
(1,857)
–––––––
242,674
(184)
–––––––
242,490
======
The disclosure of realised and unrealised profits above is solely for complying with the
disclosure requirements stipulated in the directive of Bursa Malaysia and should not be
applied for any other purpose.
28.
Authorisation for issue
The interim financial statements were authorised for issue by the Board of Directors in
accordance with a resolution of the directors on 17 November 2011.
BY ORDER OF THE BOARD
LOW WAI SEE
Secretary
17 November 2011
17