Balance Sheet
Balance Sheet (in RM’000)
As At 31 March*
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| ASSETS | |||||
| Non-Current Assets | |||||
| Property, Plant and Equipment | 256,168 | 248,680 | 239,982 | 219,048 | 210,693 |
| Investment | – | 118,687 | 133,232 | 140,402 | 143,174 |
| Investment Properties | 243 | 152 | 132 | 62 | 30 |
| Right-of-use assets | – | 3,032 | 3,620 | 2,863 | 2,743 |
| Development Properties | 454,128 | 661,836 | 685,108 | 802,960 | 773,536 |
| Other receivables, deposits and prepayments | – | 34,880 | 34,156 | 38,734 | 36,331 |
| Deferred Income Tax Assets | 26,683 | 36,394 | 37,805 | 22,580 | 36,976 |
| Goodwill Arising On Consolidation | ^ | ^ | ^ | ^ | ^ |
| 737,222 | 1,103,661 | 1,134,035 | 1,226,782 | 1,203,483 | |
| Current Assets | |||||
| Development Properties In Progress | 566,622 | 549,341 | 465,050 | 385,625 | 350,304 |
| Inventories | 104,697 | 72,673 | 148,889 | 75,088 | 47,073 |
| Operating supplies and materials | 116 | 2,088 | 4,080 | 2,479 | 237 |
| Trade Receivables | 178,287 | 167,670 | 229,506 | 324,193 | 269,718 |
| Impairment Losses | (408) | (406) | – | (11) | (11) |
| Amount Due From Contract Customers | 195,561 | 279,269 | 313,591 | 293,323 | 348,129 |
| Other Receivables, Deposits and Prepayments | 51,606 | 86,498 | 77,505 | 96,857 | 160,932 |
| Short-term investments | – | 35,078 | 8,154 | – | – |
| Deposits, Cash and Bank Balances | 264,210 | 281,033 | 229,353 | 202,138 | 250,232 |
| Current Tax Assets | 12,899 | 8,321 | |||
| 1,360,691 | 1,473,244 | 1,476,128 | 1,392,591 | 1,434,935 | |
| TOTAL ASSETS | 2,097,913 | 2,576,905 | 2,610,163 | 2,619,373 | 2,638,418 |
| EQUITY AND LIABILITIES | |||||
| Equity | |||||
| Share Capital | 800,220 | 961,280 | 961,315 | 961,315 | 961,315 |
| Retained Profits | 533,437 | 670,857 | 845,486 | 944,365 | 1,045,220 |
| Share Premium | – | – | – | – | – |
| Option Reserve | – | – | – | – | (2,910) |
| Capital Reserves | – | – | – | – | – |
| Translation Reserves | (6,542) | (27,007) | 934 | 4,699 | – |
| Non-Controlling Interest | 831 | (2,102) | (11,243) | (11,505) | (15,770) |
| Total Equity | 1,327,946 | 1,603,028 | 1,796,492 | 1,898,874 | 1,987,855 |
| Liabilities | |||||
| Non-Current Liabilities | |||||
| Hire Purchase payables | 520 | – | 479 | – | – |
| Term Loans | 49,631 | 79,405 | 65,671 | 84,572 | 77,623 |
| Lease liabilities | – | 1,682 | 2,388 | 2,201 | 2,182 |
| Deferred income tax liabilities | 981 | 349 | 222 | 125 | 250 |
| Other payables and accruals | – | 17,582 | 21,175 | 22,148 | 24,510 |
| Revolving credits | 10,015 | 10,015 | 10,015 | 10,015 | – |
| Sukuk Wakalah | 140,000 | 150,000 | 110,000 | 20,000 | – |
| 201,147 | 259,033 | 209,471 | 139,061 | 104,565 | |
| Current Liabilities | |||||
| Trade Payables | 86,960 | 68,597 | 73,074 | 65,248 | 61,940 |
| Progress Billings | 83,240 | 89,338 | 72,963 | 89,079 | 40,485 |
| Retention Sums | 315 | 3,805 | 6,512 | 5,719 | 6,162 |
| Other Payables, Deposits and Accruals | 180,038 | 294,786 | 276,562 | 219,735 | 247,306 |
| Deferred income | 8,494 | 2,975 | 1,865 | 1,236 | 1,279 |
| Amount Due To Directors | – | – | – | – | – |
| Amount Due To Customers for Construction Contracts | – | – | – | – | – |
| Hire Purchase Creditors | 328 | – | – | – | – |
| Dividend Payable | 22,585 | 25,027 | 25,027 | 31,284 | 25,027 |
| Term Loans | 26,353 | 44,920 | 39,791 | 68,274 | 45,097 |
| Revolving Credit | 10,000 | 10,000 | 10,000 | 10,000 | 20,015 |
| Lease liabilities | – | 1,152 | 1,105 | 863 | 784 |
| Bank Overdrafts | 35,456 | 43,220 | 42 | – | 17,903 |
| Sukuk Wakalah | 90,000 | 90,000 | 90,000 | 90,000 | 80,000 |
| Current Income Tax Liabilities | 25,051 | 41,024 | 7,259 | – | – |
| 568,820 | 714,844 | 604,200 | 581,438 | 545,998 | |
| Total Liabilities | 769,967 | 973,877 | 813,671 | 720,499 | 650,563 |
| TOTAL EQUITY AND LIABILITIES | 2,097,913 | 2,576,905 | 2,610,163 | 2,619,373 | 2,638,418 |
Note:
^ Represents RM1
