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 | |
| 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