ANNUAL REPORT 2019
Units appear below each metric. Scroll to compare years
| Metric / unit | 2019Group | 2018Group | Source |
|---|---|---|---|
| Profit or loss | |||
| RevenueRM'000 | 82,161 | 62,609 | PDF p. 53 |
| Cost of salesRM'000 | (69,330) | (61,062) | PDF p. 53 |
| Gross profitRM'000 | 12,831 | 1,547 | PDF p. 53 |
| Interest incomeRM'000 | 33 | 536 | PDF p. 53 |
| Other gainsRM'000 | 824 | 146 | PDF p. 53 |
| Marketing and distribution costsRM'000 | (2,115) | (4,186) | PDF p. 53 |
| Administrative expensesRM'000 | (19,637) | (25,157) | PDF p. 53 |
| Other lossesRM'000 | (4,744) | (3,857) | PDF p. 53 |
| Finance costsRM'000 | (6,326) | (6,205) | PDF p. 53 |
| Gain on disposal of subsidiaryRM'000 | 22,706 | – | PDF p. 53 |
| Share of profit (loss) from equity-accounted associateRM'000 | 366 | (487) | PDF p. 53 |
| Profit (Loss) before taxRM'000 | 3,938 | (37,663) | PDF p. 53 |
| Income tax (expense) benefitRM'000 | (1,369) | 762 | PDF p. 53 |
| Profit (Loss) net of taxRM'000 | 2,569 | (36,901) | PDF p. 53 |
| Other comprehensive loss | |||
| Exchange differences on translating foreign operations, net of taxRM'000 | (29) | (76) | PDF p. 53 |
| Other comprehensive loss for the year, net of taxRM'000 | (29) | (76) | PDF p. 53 |
| Total comprehensive income (loss) for the yearRM'000 | 2,540 | (36,977) | PDF p. 53 |
| Attribution | |||
| Profit (Loss) attributable to owners of parent, net of taxRM'000 | 3,270 | (35,759) | PDF p. 53 |
| Loss attributable to non-controlling interests, net of taxRM'000 | (701) | (1,142) | PDF p. 53 |
| Total comprehensive income (loss) attributable to owners of theRM'000 | 3,241 | (35,835) | PDF p. 53 |
| Total comprehensive loss attributable to non-controlling interestsRM'000 | (701) | (1,142) | PDF p. 53 |
| Earnings (Loss) per share | |||
| BasicSen per share | 1.45 | (15.90) | PDF p. 53 |
| DilutedSen per share | 1.45 | (15.90) | PDF p. 53 |
Original report: PDF p. 53 ↗
Year ended 31 December 2019. EPS currency unit printed as Sen. The report presents no separate Company income statement on this page.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2019Group | 2018Group | 2019Company | 2018Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Property, plant and equipmentRM'000 | 12,475 | 14,663 | 6 | – | PDF p. 54 |
| Development rightsRM'000 | 11,276 | 11,276 | – | – | PDF p. 54 |
| Investments in subsidiariesRM'000 | – | – | 26,732 | 54,859 | PDF p. 54 |
| Investment in associateRM'000 | 3,808 | 4,342 | – | – | PDF p. 54 |
| Investment propertiesRM'000 | 13,680 | 11,286 | – | – | PDF p. 54 |
| Deferred tax assetsRM'000 | 617 | 417 | – | – | PDF p. 54 |
| Other assetsRM'000 | 480 | 2,045 | – | 1,551 | PDF p. 54 |
| Total non-current assetsRM'000 | 42,336 | 44,029 | 26,738 | 56,410 | PDF p. 54 |
| Current assets | |||||
| InventoriesRM'000 | 136,563 | 128,919 | – | – | PDF p. 54 |
| Trade and other receivablesRM'000 | 102,458 | 89,968 | 5,233 | 4,364 | PDF p. 54 |
| Other assetsRM'000 | 14,913 | 14,689 | 47 | 62 | PDF p. 54 |
| Cash and cash equivalentsRM'000 | 6,950 | 6,090 | 564 | 569 | PDF p. 54 |
| Total current assetsRM'000 | 260,884 | 239,666 | 5,844 | 4,995 | PDF p. 54 |
| Assets | |||||
| Total assetsRM'000 | 303,220 | 283,695 | 32,582 | 61,405 | PDF p. 54 |
| Equity attributable to owners of the parent | |||||
| Share capitalRM'000 | 144,552 | 144,552 | 381,051 | 381,051 | PDF p. 54 |
| Accumulated lossesRM'000 | (131,942) | (135,677) | (432,022) | (405,677) | PDF p. 54 |
| Share option reserveRM'000 | 2,933 | 3,398 | 2,933 | 3,398 | PDF p. 54 |
| Foreign currency translation reserveRM'000 | 2,797 | 2,826 | 70,268 | 70,268 | PDF p. 54 |
| Merger reserveRM'000 | 1,563 | 1,563 | – | – | PDF p. 54 |
| Other reserveRM'000 | 1,495 | 1,495 | – | – | PDF p. 54 |
| Equity attributable to owners ofRM'000 | 21,398 | 18,157 | 22,230 | 49,040 | PDF p. 54 |
| Equity | |||||
| Non-controlling interestsRM'000 | (2,197) | (1,496) | – | – | PDF p. 54 |
| Total equityRM'000 | 19,201 | 16,661 | 22,230 | 49,040 | PDF p. 54 |
| Non-current liabilities | |||||
| Deferred tax liabilitiesRM'000 | 9 | – | – | – | PDF p. 54 |
| Other payablesRM'000 | 9,792 | 8,979 | – | – | PDF p. 54 |
| Other liabilitiesRM'000 | – | 55 | – | – | PDF p. 54 |
| Other financial liabilitiesRM'000 | 33,321 | 21,284 | – | – | PDF p. 54 |
| Total non-current liabilitiesRM'000 | 43,122 | 30,318 | – | – | PDF p. 54 |
| Current liabilities | |||||
| Income tax payableRM'000 | 20,197 | 19,948 | – | – | PDF p. 54 |
| Trade and other payablesRM'000 | 183,306 | 159,132 | 5,003 | 3,990 | PDF p. 54 |
| Other liabilitiesRM'000 | 3,835 | 2,680 | – | – | PDF p. 54 |
| Other financial liabilitiesRM'000 | 33,559 | 54,956 | 5,349 | 8,375 | PDF p. 54 |
| Total current liabilitiesRM'000 | 240,897 | 236,716 | 10,352 | 12,365 | PDF p. 54 |
| Liabilities | |||||
| Total liabilitiesRM'000 | 284,019 | 267,034 | 10,352 | 12,365 | PDF p. 54 |
| Equity and liabilities | |||||
| Total equity and liabilitiesRM'000 | 303,220 | 283,695 | 32,582 | 61,405 | PDF p. 54 |
Original report: PDF p. 54 ↗
As at 31 December 2019. Columns: Group 2019, Group 2018, Company 2019, Company 2018. The row 'Equity attributable to owners of the parent' wraps across two printed lines.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2019Group | 2018Group | Source |
|---|---|---|---|
| Profit or loss | |||
| RevenueRM'000 | 82,161 | 62,609 | PDF p. 53 |
| Cost of salesRM'000 | (69,330) | (61,062) | PDF p. 53 |
| Gross profitRM'000 | 12,831 | 1,547 | PDF p. 53 |
| Interest incomeRM'000 | 33 | 536 | PDF p. 53 |
| Other gainsRM'000 | 824 | 146 | PDF p. 53 |
| Marketing and distribution costsRM'000 | (2,115) | (4,186) | PDF p. 53 |
| Administrative expensesRM'000 | (19,637) | (25,157) | PDF p. 53 |
| Other lossesRM'000 | (4,744) | (3,857) | PDF p. 53 |
| Finance costsRM'000 | (6,326) | (6,205) | PDF p. 53 |
| Gain on disposal of subsidiaryRM'000 | 22,706 | – | PDF p. 53 |
| Share of profit (loss) from equity-accounted associateRM'000 | 366 | (487) | PDF p. 53 |
| Profit (Loss) before taxRM'000 | 3,938 | (37,663) | PDF p. 53 |
| Income tax (expense) benefitRM'000 | (1,369) | 762 | PDF p. 53 |
| Profit (Loss) net of taxRM'000 | 2,569 | (36,901) | PDF p. 53 |
| Other comprehensive loss - items that may be reclassified subsequently to profit or loss | |||
| Exchange differences on translating foreign operations, net of taxRM'000 | (29) | (76) | PDF p. 53 |
| Other comprehensive loss | |||
| Other comprehensive loss for the year, net of taxRM'000 | (29) | (76) | PDF p. 53 |
| Total comprehensive income | |||
| Total comprehensive income (loss) for the yearRM'000 | 2,540 | (36,977) | PDF p. 53 |
| Profit attribution | |||
| Profit (Loss) attributable to owners of parent, net of taxRM'000 | 3,270 | (35,759) | PDF p. 53 |
| Loss attributable to non-controlling interests, net of taxRM'000 | (701) | (1,142) | PDF p. 53 |
| Profit (Loss), net of taxRM'000 | 2,569 | (36,901) | PDF p. 53 |
| Total comprehensive income attribution | |||
| Total comprehensive income (loss) attributable to owners of the parentRM'000 | 3,241 | (35,835) | PDF p. 53 |
| Total comprehensive loss attributable to non-controlling interestsRM'000 | (701) | (1,142) | PDF p. 53 |
| Total comprehensive income (loss) for the yearRM'000 | 2,540 | (36,977) | PDF p. 53 |
| Earnings (Loss) per share | |||
| BasicSen | 1.45 | (15.90) | PDF p. 53 |
| DilutedSen | 1.45 | (15.90) | PDF p. 53 |
Original report: PDF p. 53 ↗
The accompanying notes form an integral part of these financial statements.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2019Group, current year: Total equity | 2019Group, current year: Attributable to owners of the parent sub-total | 2019Group, current year: Share capital | 2019Group, current year: Accumulated losses | 2019Group, current year: Share option reserve | 2019Group, current year: Foreign currency translation reserve | 2019Group, current year: Merger reserve | 2019Group, current year: Other reserve | 2019Group, current year: Non-controlling interests | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| Current year | ||||||||||
| Opening balance at 1 January 2019RM'000 | 16,661 | 18,157 | 144,552 | (135,677) | 3,398 | 2,826 | 1,563 | 1,495 | (1,496) | PDF p. 55 |
| Current year - Changes in equity | ||||||||||
| Total comprehensive income (loss) for the yearRM'000 | 2,540 | 3,241 | – | 3,270 | – | (29) | – | – | (701) | PDF p. 55 |
| Share options forfeited (Note 25)RM'000 | – | – | – | 465 | (465) | – | – | – | – | PDF p. 55 |
| Current year | ||||||||||
| Closing balance at 31 December 2019RM'000 | 19,201 | 21,398 | 144,552 | (131,942) | 2,933 | 2,797 | 1,563 | 1,495 | (2,197) | PDF p. 55 |
| Previous year | ||||||||||
| Opening balance at 1 January 2018RM'000 | 52,142 | 52,497 | 144,552 | (100,120) | 3,600 | 2,902 | 1,563 | – | (355) | PDF p. 55 |
| Previous year - Changes in equity | ||||||||||
| Total comprehensive loss for the yearRM'000 | (36,977) | (35,835) | – | (35,759) | – | (76) | – | – | (1,142) | PDF p. 55 |
| Transfer of share to non-controlling interestRM'000 | 1 | – | – | – | – | – | – | – | 1 | PDF p. 55 |
| Share options forfeited (Note 25)RM'000 | – | – | – | 202 | (202) | – | – | – | – | PDF p. 55 |
| Other reserve (Note 27)RM'000 | 1,495 | 1,495 | – | – | – | – | – | 1,495 | – | PDF p. 55 |
| Previous year | ||||||||||
| Closing balance at 31 December 2018RM'000 | 16,661 | 18,157 | 144,552 | (135,677) | 3,398 | 2,826 | 1,563 | 1,495 | (1,496) | PDF p. 55 |
Original report: PDF p. 55 ↗
Row labels wrap across lines in the source. Current year = year ended 31 December 2019; previous year = year ended 31 December 2018; the column scope year labels are 2019 for all columns, and the previous-year rows are 2018 movements. The accompanying notes form an integral part of these financial statements.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2019Company: Total equity | 2019Company: Share capital | 2019Company: Accumulated losses | 2019Company: Share option reserve | 2019Company: Foreign currency translation reserve | Source |
|---|---|---|---|---|---|---|
| Current year | ||||||
| Opening balance at 1 January 2019RM'000 | 49,040 | 381,051 | (405,677) | 3,398 | 70,268 | PDF p. 56 |
| Current year - Changes in equity | ||||||
| Total comprehensive loss for the yearRM'000 | (26,810) | – | (26,810) | – | – | PDF p. 56 |
| Share options forfeited (Note 25)RM'000 | – | – | 465 | (465) | – | PDF p. 56 |
| Current year | ||||||
| Closing balance at 31 December 2019RM'000 | 22,230 | 381,051 | (432,022) | 2,933 | 70,268 | PDF p. 56 |
| Previous year | ||||||
| Opening balance at 1 January 2018RM'000 | 431,764 | 381,051 | (23,155) | 3,600 | 70,268 | PDF p. 56 |
| Previous year - Changes in equity | ||||||
| Total comprehensive loss for the yearRM'000 | (382,724) | – | (382,724) | – | – | PDF p. 56 |
| Share options forfeited (Note 25)RM'000 | – | – | 202 | (202) | – | PDF p. 56 |
| Previous year | ||||||
| Closing balance at 31 December 2018RM'000 | 49,040 | 381,051 | (405,677) | 3,398 | 70,268 | PDF p. 56 |
Original report: PDF p. 56 ↗
Current year = year ended 31 December 2019; previous year rows are 2018 movements and balances. Closing-balance labels wrap across lines in the source. The accompanying notes form an integral part of these financial statements.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2019Group | 2018Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit (Loss) before taxRM'000 | 3,938 | (37,663) | PDF p. 57 |
| Cash flows from operating activities - Adjustments for | |||
| Depreciation of property, plant and equipmentRM'000 | 2,773 | 2,868 | PDF p. 57 |
| Interest expenseRM'000 | 6,326 | 6,205 | PDF p. 57 |
| Interest incomeRM'000 | (33) | (536) | PDF p. 57 |
| Allowance for impairment on leasehold propertyRM'000 | 623 | 1,624 | PDF p. 57 |
| Allowance for impairment on trade and other receivables – netRM'000 | 3,607 | 1,065 | PDF p. 57 |
| Allowance for impairment of land held for property developmentRM'000 | – | 219 | PDF p. 57 |
| Allowance for impairment on inventoriesRM'000 | 412 | 1,388 | PDF p. 57 |
| Provision for liquidated and ascertained damagesRM'000 | 7,627 | 9,671 | PDF p. 57 |
| Accrued tax penaltiesRM'000 | 134 | 1,331 | PDF p. 57 |
| Property, plant and equipment written offRM'000 | 97 | – | PDF p. 57 |
| Gain on disposal of subsidiaryRM'000 | (22,706) | – | PDF p. 57 |
| Share of (profit) loss from equity-accounted associateRM'000 | (366) | 487 | PDF p. 57 |
| Cash flows from operating activities | |||
| Operating cash flows before changes in working capitalRM'000 | 2,432 | (13,341) | PDF p. 57 |
| Cash flows from operating activities - Working capital changes | |||
| InventoriesRM'000 | (8,881) | (1,293) | PDF p. 57 |
| Trade and other receivablesRM'000 | (3,269) | 976 | PDF p. 57 |
| Other assetsRM'000 | 1,341 | 3,713 | PDF p. 57 |
| Trade and other payablesRM'000 | 29,383 | 11,230 | PDF p. 57 |
| Other liabilitiesRM'000 | 1,100 | 430 | PDF p. 57 |
| Cash flows from operating activities | |||
| Net cash flows from operations before taxRM'000 | 22,106 | 1,715 | PDF p. 57 |
| Income tax paidRM'000 | (1,204) | (128) | PDF p. 57 |
| Net cash flows from operating activitiesRM'000 | 20,902 | 1,587 | PDF p. 57 |
| Cash flows from (used in) investing activities | |||
| Purchase of property, plant and equipmentRM'000 | (249) | (265) | PDF p. 57 |
| Disposal of subsidiary, net of cash disposed (Note 12)RM'000 | 488 | – | PDF p. 57 |
| Interest receivedRM'000 | 33 | 20 | PDF p. 57 |
| Net cash flows from (used in) investing activitiesRM'000 | 272 | (245) | PDF p. 57 |
| Cash flows used in financing activities | |||
| Repayment of borrowings and lease liabilitiesRM'000 | (8,859) | (5,630) | PDF p. 57 |
| Cash restricted in useRM'000 | (330) | (45) | PDF p. 57 |
| (Repayment to) Proceeds from substantial shareholder – netRM'000 | (965) | 4,533 | PDF p. 57 |
| (Pepayment to) Proceeds from related parties – netRM'000 | (10,787) | 296 | PDF p. 57 |
| Proceeds from associate – netRM'000 | 1,456 | 2,672 | PDF p. 57 |
| (Repayment to) Proceeds from directors of subsidiaries – netRM'000 | (116) | 199 | PDF p. 57 |
| Proceeds from directors who are controlling shareholders of Company – netRM'000 | 3,466 | 406 | PDF p. 57 |
| Interest paidRM'000 | (2,662) | (5,588) | PDF p. 57 |
| Net cash flows used in financing activitiesRM'000 | (18,797) | (3,157) | PDF p. 57 |
| Net change in cash | |||
| Net increase (decrease) in cash and cash equivalentsRM'000 | 2,377 | (1,815) | PDF p. 57 |
| Cash and cash equivalents, statement of cash flows, beginning balanceRM'000 | 1,512 | 3,319 | PDF p. 57 |
| Effect of exchange rate changes on cash and cash equivalentsRM'000 | 3 | 8 | PDF p. 57 |
| Cash and cash equivalents, statement of cash flows, ending balance (Note 23A)RM'000 | 3,892 | 1,512 | PDF p. 57 |
Original report: PDF p. 57 ↗
The ending-balance label wraps across two lines in the source; the quote joins them. Labels such as '(Pepayment to)' are reproduced as printed. The accompanying notes form an integral part of these financial statements. No separate Company cash flow statement is presented.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2019Group | 2018Group | Source |
|---|---|---|---|
| Earnings (Loss) per share | |||
| BasicSen | 1.45 | (15.90) | PDF p. 53 |
| DilutedSen | 1.45 | (15.90) | PDF p. 53 |
Original report: PDF p. 53 ↗
Note reference 13 printed in the Note column.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2019Group | 2018Group | Source |
|---|---|---|---|
| Numerator: Profit (Loss) attributable to equity holders - RM’000 | |||
| - Profit (Loss) for the yearRM’000 | 3,270 | (35,759) | PDF p. 90 |
| Numerator | |||
| Total basic earnings (losses)RM’000 | 3,270 | (35,759) | PDF p. 90 |
| Denominator: Weighted average number of ordinary shares on issue | |||
| - Basicnumber of shares | 224,917,251 | 224,917,251 | PDF p. 90 |
| - Dilutednumber of shares | 224,917,251 | 224,917,251 | PDF p. 90 |
Original report: PDF p. 90 ↗
The weighted average number of ordinary shares refers to shares in issue outstanding during the reporting year.
The basic amount per share ratio is based on the weighted average number of ordinary shares outstanding during each reporting year.
There is no dilutive effect from the share options as they are anti-dilutive.
Where the money comes from
| Item / unit | 2019Property development | 2019Construction | 2019Trading | 2019Others | 2019Total | Source |
|---|---|---|---|---|---|---|
| Revenue | ||||||
| External revenueRM'000 | 42,828 | 29,171 | 7,963 | 2,199 | 82,161 | PDF p. 80 |
| 2019 | ||||||
| Recurring EBITDARM'000 | (3,921) | (2,777) | (534) | (2,803) | (10,035) | PDF p. 80 |
| DepreciationRM'000 | (527) | (361) | (233) | (1,652) | (2,773) | PDF p. 80 |
| Finance costsRM'000 | (2,839) | (240) | (553) | (2,694) | (6,326) | PDF p. 80 |
| ORBITRM'000 | (7,287) | (3,378) | (1,320) | (7,149) | (19,134) | PDF p. 80 |
| Gain on disposal of subsidiaryRM'000 | – | – | – | 22,706 | 22,706 | PDF p. 80 |
| Share of profit from equity-accounted associateRM'000 | 366 | – | – | – | 366 | PDF p. 80 |
Profit before tax, income tax and profit after tax are printed only in the Total column. Page 78 of report.
ORBIT = operating results before income tax and other unallocated items; Recurring EBITDA = earnings from operations before depreciation, interests and income taxes.
| Item / unit | 2018Property development (Restated) | 2018Construction (Restated) | 2018Trading (Restated) | 2018Others (Restated) | 2018Total (Restated) | Source |
|---|---|---|---|---|---|---|
| Revenue | ||||||
| External revenueRM'000 | 30,720 | 22,637 | 7,829 | 1,423 | 62,609 | PDF p. 80 |
| 2018 (Restated) | ||||||
| Recurring EBITDARM'000 | (23,708) | (1,237) | 1,192 | (4,350) | (28,103) | PDF p. 80 |
| DepreciationRM'000 | (433) | (509) | (222) | (1,704) | (2,868) | PDF p. 80 |
| Finance costsRM'000 | (2,300) | (391) | (579) | (2,935) | (6,205) | PDF p. 80 |
| ORBITRM'000 | (26,441) | (2,137) | 391 | (8,989) | (37,176) | PDF p. 80 |
| Share of loss from equity-accounted associateRM'000 | (487) | – | – | – | (487) | PDF p. 80 |
Loss before tax, tax and loss after tax printed only in Total column.
| Item / unit | 2019Property development | 2019Construction | 2019Trading | 2019Others | 2019Adjustment and elimination | 2019Total | Source |
|---|---|---|---|---|---|---|---|
| 2019 | |||||||
| Total assets for reportable segmentsRM'000 | 211,805 | 49,107 | 14,268 | 26,878 | (3,266) | 298,792 | PDF p. 81 |
| 2019 Unallocated | |||||||
| Property, plant and equipmentRM'000 | – | – | – | 7 | – | 7 | PDF p. 81 |
| Investment in associateRM'000 | 3,808 | – | – | – | – | 3,808 | PDF p. 81 |
| Trade and other receivablesRM'000 | – | – | – | 5,233 | (5,233) | – | PDF p. 81 |
| Other assetsRM'000 | – | – | – | 49 | – | 49 | PDF p. 81 |
| Cash and cash equivalentsRM'000 | – | – | – | 564 | – | 564 | PDF p. 81 |
| 2019 | |||||||
| Total Group assetsRM'000 | 215,613 | 49,107 | 14,268 | 32,731 | (8,499) | 303,220 | PDF p. 81 |
| Item / unit | 2018Property development (Restated) | 2018Construction (Restated) | 2018Trading (Restated) | 2018Others (Restated) | 2018Adjustment and elimination (Restated) | 2018Total (Restated) | Source |
|---|---|---|---|---|---|---|---|
| 2018 (Restated) | |||||||
| Total assets for reportable segmentsRM'000 | 174,760 | 68,402 | 13,004 | 20,996 | – | 277,162 | PDF p. 81 |
| 2018 Unallocated | |||||||
| Property, plant and equipmentRM'000 | – | – | – | 7 | – | 7 | PDF p. 81 |
| Investment in associateRM'000 | 4,342 | – | – | – | – | 4,342 | PDF p. 81 |
| Trade and other receivablesRM'000 | – | – | – | 4,365 | (4,364) | 1 | PDF p. 81 |
| Other assetsRM'000 | – | – | – | 1,614 | – | 1,614 | PDF p. 81 |
| Cash and cash equivalentsRM'000 | – | – | – | 569 | – | 569 | PDF p. 81 |
| 2018 (Restated) | |||||||
| Total Group assetsRM'000 | 179,102 | 68,402 | 13,004 | 27,551 | (4,364) | 283,695 | PDF p. 81 |
| Item / unit | 2019Property development | 2019Construction | 2019Trading | 2019Others | 2019Adjustment and elimination | 2019Total | Source |
|---|---|---|---|---|---|---|---|
| 2019 | |||||||
| Total liabilities for reportable segmentsRM'000 | 157,885 | 57,845 | 25,830 | 68,542 | (37,691) | 272,411 | PDF p. 82 |
| 2019 Unallocated | |||||||
| Trade and other payablesRM'000 | – | – | – | 35,042 | (28,783) | 6,259 | PDF p. 82 |
| Other financial liabilitiesRM'000 | – | – | – | 5,349 | – | 5,349 | PDF p. 82 |
| 2019 | |||||||
| Total Group liabilitiesRM'000 | 157,885 | 57,845 | 25,830 | 108,933 | (66,474) | 284,019 | PDF p. 82 |
| Item / unit | 2018Property development (Restated) | 2018Construction (Restated) | 2018Trading (Restated) | 2018Others (Restated) | 2018Adjustment and elimination (Restated) | 2018Total (Restated) | Source |
|---|---|---|---|---|---|---|---|
| 2018 (Restated) | |||||||
| Total liabilities for reportable segmentsRM'000 | 129,325 | 66,638 | 26,756 | 65,616 | (36,148) | 252,187 | PDF p. 82 |
| 2018 Unallocated | |||||||
| Trade and other payablesRM'000 | – | – | – | 17,061 | (10,589) | 6,472 | PDF p. 82 |
| Other financial liabilitiesRM'000 | – | – | – | 8,375 | – | 8,375 | PDF p. 82 |
| 2018 (Restated) | |||||||
| Total Group liabilitiesRM'000 | 129,325 | 66,638 | 26,756 | 91,052 | (46,737) | 267,034 | PDF p. 82 |
| Item / unit | 2019Group | 2018Group | Source |
|---|---|---|---|
| Revenue | |||
| SingaporeRM'000 | 902 | 359 | PDF p. 83 |
| MalaysiaRM'000 | 81,259 | 62,250 | PDF p. 83 |
| Total revenue (unlabelled)RM'000 | 82,161 | 62,609 | PDF p. 83 |
| Other geographical information: Singapore | |||
| - Addition of capital expenditure (Singapore)RM'000 | 12 | 105 | PDF p. 83 |
| - Depreciation (Singapore)RM'000 | 1,152 | 1,189 | PDF p. 83 |
| - Allowance for impairment losses (Singapore)RM'000 | 623 | 1,624 | PDF p. 83 |
| Other geographical information: Malaysia | |||
| - Addition of capital expenditure (Malaysia)RM'000 | 287 | 460 | PDF p. 83 |
| - Depreciation (Malaysia)RM'000 | 1,621 | 1,679 | PDF p. 83 |
| - Allowance for impairment losses (Malaysia)RM'000 | 4,019 | 2,672 | PDF p. 83 |
| Segment assets: Singapore | |||
| - Non-current (Singapore)RM'000 | 4,659 | 6,583 | PDF p. 83 |
| Segment assets: Malaysia | |||
| - Non-current (Malaysia)RM'000 | 37,060 | 37,029 | PDF p. 83 |
Revenue is attributed to countries on the basis of the customer’s location. The non-current assets (excluding deferred tax assets) are analysed by the geographical area in which the assets are located.
The row labelled here as 'Total revenue (unlabelled)' has no printed label; the label is a descriptor. Repeated labels (e.g. '- Depreciation') are disambiguated by country in parentheses, which is not printed on the row.
Debt
| Item / unit | 2019RM'000 | 2018RM'000 | Source |
|---|---|---|---|
| Non-current: floating interest rates | |||
| Term loans (secured) (Note 29A)RM'000 | 22,259 | 828 | PDF p. 119 |
| Non-current: fixed interest rates | |||
| Lease liabilities (secured) (Note 29B)RM'000 | 1,062 | 456 | PDF p. 119 |
| Redeemable preference shares (secured) (Note 29E)RM'000 | 10,000 | 20,000 | PDF p. 119 |
| Non-current | |||
| Non-current totalRM'000 | 33,321 | 21,284 | PDF p. 119 |
| Current: floating interest rates | |||
| Term loans (secured) (Note 29A)RM'000 | 13,062 | 38,660 | PDF p. 119 |
| Bank overdrafts (secured) (Note 29C)RM'000 | 1,422 | 3,272 | PDF p. 119 |
| Banker acceptance (secured) (Note 29D)RM'000 | 151 | 1,414 | PDF p. 119 |
| Current: fixed interest rates | |||
| Lease liabilities (secured) (Note 29B)RM'000 | 3,924 | 6,610 | PDF p. 119 |
| Redeemable preference shares (secured) (Note 29E)RM'000 | 15,000 | 5,000 | PDF p. 119 |
| Current | |||
| Current totalRM'000 | 33,559 | 54,956 | PDF p. 119 |
| Total | |||
| TotalRM'000 | 66,880 | 76,240 | PDF p. 119 |
| Non-current portion is repayable as follows | |||
| Due within 2 to 5 yearsRM'000 | 33,321 | 20,456 | PDF p. 119 |
| After 5 yearsRM'000 | – | 828 | PDF p. 119 |
| Total non-current portionRM'000 | 33,321 | 21,284 | PDF p. 119 |
Non-current portion repayable table has no 'within one year' row; current items are shown separately.
| Item / unit | 2019RM'000 | 2018RM'000 | Source |
|---|---|---|---|
| Current: floating interest rates | |||
| Term loans (secured) (Note 29A)RM'000 | 5,349 | 8,375 | PDF p. 120 |
| Current | |||
| Current totalRM'000 | 5,349 | 8,375 | PDF p. 120 |
| Total | |||
| TotalRM'000 | 5,349 | 8,375 | PDF p. 120 |
| Item / unit | 2019RM'000 | 2018RM'000 | Source |
|---|---|---|---|
| Non-current | |||
| Term loans due within 2 to 5 yearsRM'000 | 22,259 | 828 | PDF p. 120 |
| Current | |||
| Term loans (secured)RM'000 | 13,062 | 38,660 | PDF p. 120 |
| Total | |||
| TotalRM'000 | 35,321 | 39,488 | PDF p. 120 |
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Provision 11.6 Dividend policy | The Company’s dividend policy seeks to balance dividend return to shareholders with the need for long-term sustainable growth whilst aiming for an efficient capital structure. The dividend payment for each year shall be not less than 3% of the Company’s distributable profit for that year, subject always to setting aside reserves in accordance with the Company’s Constitution and relevant laws, and after taking into all relevant considerations. | Company | PDF p. 37 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| For FY2019 dividend recommendation | the Board does not recommend any payment of dividends for FY2019 | Company, FY2019 | PDF p. 37 |
Extracted from ANNUAL REPORT 2019 and checked against the cited pages; see the original report for full context.
Auditor’s report
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | RSM Chio Lim LLP | Group and Company, year ended 31 December 2019 | PDF p. 52 |
| Engagement partner | Uthaya Chandrikaa D/O Ponnusamy | Group and Company, year ended 31 December 2019 | PDF p. 52 |
| Disclaimer of opinion | We do not express an opinion on the accompanying consolidated financial statements of the Group and the statement of financial position and statement of changes in equity of the Company. | Group and Company, year ended 31 December 2019 | PDF p. 49 |
| Basis for disclaimer of opinion (a) Disposal of Upright Strategy Sdn Bhd to Twin Revenue Sdn Bhd | we were unable to obtain sufficient appropriate audit evidence on the business rationale and commercial substance for Twin Revenue acquiring Upright | Group, year ended 31 December 2019 | PDF p. 49 |
| Basis for disclaimer of opinion (b) Payments to a director of Twin Revenue Sdn Bhd | we were unable to obtain sufficient appropriate audit evidence on the business rationale and commercial substance for the Group extending payments to a director of Twin Revenue | Group, year ended 31 December 2019 | PDF p. 50 |
| Basis for disclaimer of opinion (c) Other transactions with Twin Revenue Sdn Bhd | we were unable to obtain sufficient appropriate audit evidence on the business rationale and commercial substance for the Group making payments on behalf of Twin Revenue | Group, year ended 31 December 2019 | PDF p. 50 |
| Basis for disclaimer of opinion (d) Completeness of subsequent events | we were unable to obtain sufficient appropriate audit evidence that all subsequent events that have occurred up to the date of our report that may require adjustment to, or disclosure in the financial statements have been identified | Group and Company, year ended 31 December 2019 | PDF p. 51 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Material uncertainty related to going concern | a material uncertainty exists that may cast significant doubt on the Group’s and Company’s ability to continue as going concerns | Group and Company, year ended 31 December 2019 | PDF p. 51 |
Extracted from ANNUAL REPORT 2019 and checked against the cited pages; see the original report for full context.
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow ANNUAL REPORT 2019, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.