Balance Sheet

Balance Sheet (in RM’000)
As At 31 March*

 

Deferred income tax liabilities–823644 768

2012 2013 2014 2016** 2017
ASSETS 
Non-Current Assets
Property, Plant and Equipment  11,517 78,164 190,512 218,113  234,776
Investment – 15,000 – –  –
Investment Properties 1,400 1,400 1,092 1,000  919
Development Properties 30,314 16,587 470,867 459,907  760,775
Deferred Income Tax Assets  2,017 6,506 7,155 6,662  10,902
Goodwill Arising On Consolidation  ^  ^ ^ ^  ^
 45,248 117,658 669,626 685,682 1,007,372
Current Assets
Development Properties In Progress  373,765  511,555 153,022 351,795  153,261
Inventories  2,401 773 1,780 6,213  10,520
Trade Receivables  101,040 116,923 40,205 93,911  131,084
Impairment Losses – – – – (417)
Amount Due From Contract Customers  18,818 – 84,364 71,924  121,474
Other Receivables, Deposits and Prepayments  15,125  30,077 11,608 14,424  14,677
Deposits, Cash and Bank Balances  30,727  100,969 96,739 77,860  117,307
 541,875 760,298 387,718 616,127  547,906
TOTAL ASSETS  587,123  877,955 1,057,344 1,301,809  1,555,278
EQUITY AND LIABILITIES
Equity
Share Capital  51,101 301,173 457,084 563,957  577,122
Retained Profits  290,832  179,424 199,186 284,792  388,532
Share Premium – 69,229 1,218 31,944  43,405
Option Reserve – 900 6,269 4,657  12,574
Capital Reserves 303 – – –
Translation Reserves – – (156) 2,326
Non-Controlling Interest  *  * *  *  *
Total Equity  341,933  529,138 663,757 885,194  1,023,959
Liabilities
Non-Current Liabilities
Hire Purchase payables  288 127 47 – 1,166
Term Loans  17,575 10,916  28,363  107,669  180,099
Deferred income tax liabilities – 823 644  275  768
Other payables and accruals –  28,492 24,546
 17,863  11,866 29,054  136,436 206,579
Current Liabilities
Trade Payables  48,038 67,489 53,185  51,836  55,065
Progress Billings  14,005  52,762 81,872  13,333  40,115
Retention Sums  486  450  461  591  595
Other Payables, Deposits and Accruals  127,634 126,676 119,882 74,988 96,179
Deferred income – – 1,495  4,175  2,250
Amount Due To Directors  8,000  – –  – –
Amount Due To Customers for Construction Contracts 12,611 – – –  –
Hire Purchase Creditors  582 216 80  27  316
Dividend Payable  – 30,117 17,141  21,148  20,096
Term Loans  3,565 7,439 11,395  34,165  48,539
Revolving credit – – – 30,000 –
Bank Overdrafts  333  32,177 38,316  32,558  44,052
Current Income Tax Liabilities  12,073 19,625 19,874  17,358  17,533
227,327 336,951
 343,700  280,179  324,740
Total Liabilities   245,190 348,817 372,754  416,615  531,319
TOTAL EQUITY AND LIABILITIES  587,123 877,955 1,036,511  1,301,809  1,555,278

Note:
^ Represents RM1.

*Effective 2016, Matrix Concepts changed its financial year end from 31 December to 31 March. Therefore all financial years stipulated prior to 2016 have a year end of 31 December.

**The 2016 financial period consist a period of 15 months ended 31 March 2016