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Financials

Quarterly Report For The Forth Financial Quarter Ended 31 December 2009

Financials Archive

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Income Statement

		INDIVIDUAL QUARTER 3 MONTHS PERIOD ENDED		CUMULATIVE QUARTER 12 MONTHS PERIOD ENDED
	Note	31 DECEMBER 2009	31 DECEMBER 2008	31 DECEMBER 2009	31 DECEMBER 2008
		RM	RM	RM	RM
Revenue		759,310	1,302,424	8,019,632	11,357,329
Cost of Sales		(460,248)	(4,542,006)	(1,913,289)	(10,975,332)
Gross Profit		299,062	3,239,582	6,106,343	381,997
Other operating income		(5,768)	74,897	36,698	177,864
Administrative Expenses		(3,029,884)	(1,531,551)	(8,646,699)	(7,791,312)
Operating profit		2,725,054	(4,696,236)	2,503,658	(7,231,451)
Finance Cost		(60,317)	(27,315)	(207,294)	(55,824)
Impairment loss on goodwill on consolidation		-	(2,800)	-	(2,800)
Negative Goodwill From Acquisition of Subsidiary Company		50,149	-	369,588	33,124
Share of Profit/(Loss) of Associated Company		-	86,145	-	86,145
Loss before taxation		(2,735,222)	(4,640,206)	(2,341,364)	(7,170,806)
Taxation		(121,770)	(231,288)	(192,655)	(26,968)
Pre-acquisition Profit Adjustment		8,960	42,045	8,960	(80,468)
Loss for financial period		2,848,032	(4,366,873)	2,525,059	(7,224,306)
Attributable to:
Equity Holders of the company		(2,853,178)	(4,330,352)	(2,730,503)	(7,304,078)
Minority interest		5,146	36,521	205,444	79,772
		2,848,032	(4,366,873)	2,525,059	(7,224,306)
Earnings per share attributable to ordinary equity holders of the parent
- Basic (sen)	B12	2.14	(3.60)	2.05	(6.95)
- Diluted (sen)	B12	-	-	-	-

Note:
The unaudited condensed consolidated income statements should be read in conjunction with the notes to the interim financial report and the audited financial statements of the Group for the financial year ended 31 December 2008.

Balance Sheet

	UNAUDITED AS AT 31 DECEMBER 2009	AUDITED AS AT 31 DECEMBER 2008
	RM	RM
ASSETS Non-Current Assets
Property, plant and equipment	7,041,947	8,857,390
Investment in associated company	1	36,660
Goodwill on consolidation	6,663,252	6,654,291
Intangible assets	10,096	26,436
Development cost	16,698,063	17,395,712
	30,413,359	32,970,489
Current assets
Inventories	65,576	55,133
Trade receivables	762,690	657,418
Other receivables, prepayments & deposits	99,521	219,175
Amount owing by related company	2,380	-
Tax recoverable	202,364	152,128
Deposits placed with licensed bank	360,068	115,178
Cash and bank balances	953,545	477,525
	2,446,144	1,676,557
TOTAL ASSETS	32,859,503	34,647,046
Equity And Liabilities Equity attributable to ordinary equity Holders of the company
Share capital	13,333,333	13,333,333
Share premium	5,061,195	5,061,195
Foreign currency translation reserve	(21,267)	(29,327)
Revaluation reserve	1,900,555	1,900,555
Retained earnings	5,356,118	8,086,621
	25,629,934	28,352,377
Minority interest	29,758	881,322
TOTAL EQUITY	25,659,692	29,233,699
Non-Current Liabilities
Hire purchase payables	108,060	157,940
Deferred tax liabilities	66,774	62,111
	174,834	220,051
Current Liabilities
Trade payables	776,387	705,947
Other payables and accruals	3,609,118	2,611,243
Amount owing to a related company	-	-
Provision for Taxation	119,000	-
Hire purchase payables	64,359	82,499
Bank overdraft - secured	2,456,113	1,793,607
	7,024,977	5,193,296
Total liabilities	7,199,811	5,413,347
TOTAL EQUITY AND LIABILITIES	32,859,503	34,647,046
Number of ordinary shares at RM0.10 sen per each	133,333,333	133,333,333
Net Assets per share attributable to ordinary equity holders of the parent (sen)	19.2	21.3

Note:
The unaudited condensed consolidated balance sheet should be read in conjunction with the notes to the interim financial report and the audited financial statements of the Group for the financial year ended 31 December 2008.