Balance Sheet

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

 

Deferred income tax liabilities–823644 768

 

2012 2013 2014 2016** 2017 2018
ASSETS 
Non-Current Assets
Property, Plant and Equipment  11,517 78,164 190,512 218,113  234,776  235,046
Investment 15,000  –
Investment Properties 1,400 1,400 1,092 1,000  919  590
Development Properties 30,314 16,587 470,867 665,611  747,751  643,900
Deferred Income Tax Assets  2,017 6,506 7,155 6,662  10,902  15,300
Goodwill Arising On Consolidation  ^  ^ ^ ^ ^  ^
 45,248 117,658 669,626 685,682 994,348 894,836
Current Assets
Development Properties In Progress  373,765  511,555 153,022 146,091 118,332  339,556
Inventories  2,401 773 1,780 6,213  58,473 40,554
Trade Receivables  101,040 116,923 40,205 93,911  131,084  148,919
Impairment Losses (417)  (408)
Amount Due From Contract Customers  18,818 84,364 71,924  121,474  125,499
Other Receivables, Deposits and Prepayments  15,125  30,077 11,608 14,424  14,677  35,383
Deposits, Cash and Bank Balances  30,727  100,969 96,739 77,860  117,307  280,428
 541,875 760,298 387,718 616,127 560,930  969,931
TOTAL ASSETS  587,123  877,955 1,057,344 1,301,809  1,555,278  1,864,767
EQUITY AND LIABILITIES
Equity
Share Capital  51,101 301,173 457,084 563,957 577,122  796,217
Retained Profits  290,832  179,424 199,186 284,792  388,532  406,892
Share Premium 69,229 1,218 31,944 43,405  –
Option Reserve 900 6,269 4,657 12,574  6,489
Capital Reserves 303  –
Translation Reserves (156) 2,326  (3,107)
Non-Controlling Interest * * * * *  501
Total Equity  341,933  529,138 663,757 885,194 1,023,959  1,206,992
Liabilities
Non-Current Liabilities
Hire Purchase payables  288 127 47 1,166  845
Term Loans  17,575 10,916  28,363  107,669  170,099  86,756
Deferred income tax liabilities 823 644  275  768  697
Other payables and accruals  28,492 24,546  7,439
Revolving credits 10,000 13,669
Sukuk Wakalah  –  – 80,000
 17,863  11,866 29,054  136,436 206,579  189,406
Current Liabilities
Trade Payables  48,038 67,489 53,185  51,836  55,065  50,253
Progress Billings  14,005  52,762 81,872  13,333  40,115  123,015
Retention Sums  486  450  461  591  595  363
Other Payables, Deposits and Accruals  127,634 126,676 119,882 74,988 96,179  108,353
Deferred income 1,495  4,175  2,250  4,536
Amount Due To Directors 8,000
Amount Due To Customers for Construction Contracts 12,611
Hire Purchase Creditors  582 216 80 27 316  322
Dividend Payable  – 30,117 17,141  21,148  20,096  26,280
Term Loans  3,565 7,439 11,395 34,165 48,539  27,033
Revolving credit 30,000  10,000
Bank Overdrafts  333  32,177 38,316  32,558  44,052  26,446
Sukuk Wakalah  70,000
Current Income Tax Liabilities 12,073 19,625 19,874 17,358 17,533 21,768
227,327 336,951
343,700  280,179 324,740  468,369
Total Liabilities   245,190 348,817 372,754 416,615  531,319  657,775
TOTAL EQUITY AND LIABILITIES  587,123 877,955 1,036,511  1,301,809 1,555,278  1,864,767

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