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Consolidated Statement of Financial Position

WEIDA (M) BHD (Company No. 504747-W) UNAUDITED INTERIM Financial REPORT FOR THE FIRST QUARTER ENDED 30 JUNE 2015 Page 1 Consolidated Statement of Financial Position As at 30 June 2015 Note 30 June 2015 RM 000 31 March 2015 RM 000 ASSETS Non-current assets Property, plant and equipment Prepaid lease payments Investment in an associate Goodwill Other intangible assets Trade and other receivables Other investments Deferred tax assets 16 17 100,504 3,140 378 564 26,498 4,764 326 3,108 102,471 3,170 402 574 29,392 4,446 326 3,597 139,282 144,378 Current assets Inventories Property development costs Trade and other receivables Derivative Financial asset Deposits and prepayments Current tax recoverable Cash and cash equivalents 17 18 49,810 182,127 181,661 104 4,946 2,712 112,195 45,127 75,696 149,934 33 28,812 3,776 176,189 533,555 479,567 Total assets 672,837 623,945 WEIDA (M)

WEIDA (M) BHD (Company No. 504747-W) UNAUDITED INTERIM FINANCIAL REPORT FOR THE FIRST QUARTER ENDED 30 JUNE 2015 Page 1 Consolidated Statement of Financial Position

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Transcription of Consolidated Statement of Financial Position

1 WEIDA (M) BHD (Company No. 504747-W) UNAUDITED INTERIM Financial REPORT FOR THE FIRST QUARTER ENDED 30 JUNE 2015 Page 1 Consolidated Statement of Financial Position As at 30 June 2015 Note 30 June 2015 RM 000 31 March 2015 RM 000 ASSETS Non-current assets Property, plant and equipment Prepaid lease payments Investment in an associate Goodwill Other intangible assets Trade and other receivables Other investments Deferred tax assets 16 17 100,504 3,140 378 564 26,498 4,764 326 3,108 102,471 3,170 402 574 29,392 4,446 326 3,597 139,282 144,378 Current assets Inventories Property development costs Trade and other receivables Derivative Financial asset Deposits and prepayments Current tax recoverable Cash and cash equivalents 17 18 49,810 182,127 181,661 104 4,946 2,712 112,195 45,127 75,696 149,934 33 28,812 3,776 176,189 533,555 479,567 Total assets 672,837 623,945 WEIDA (M)

2 BHD (Company No. 504747-W) UNAUDITED INTERIM Financial REPORT FOR THE FIRST QUARTER ENDED 30 JUNE 2015 Page 2 Consolidated Statement of Financial Position As at 30 June 2015 Note 30 June 2015 RM 000 31 March 2015 RM 000 (continued) EQUITY Equity attributable to owners of the Company Share capital Reserves Treasury shares 66,667 326,325 (4,600) 66,667 316,894 (4,600) 388,392 378,961 Non-controlling interests 11,125 10,881 Total equity 399,517 389,842 LIABILITIES Non-current liabilities Loans and borrowings 29 68,107 58,557 Deferred tax liabilities 10,760 11,129 78,867 69,686 Current liabilities Trade and other payables 19 132,333 111,196 Loans and borrowings 29 61,597 52,933 Current tax payable 523 288 194,453 164,417 Total liabilities 273,320 234,103 Total equity and liabilities 672,837 623,945 Net assets per ordinary share attributable to owners of the Company, net of treasury shares (RM) The Consolidated Statement of Financial Position should be read in conjunction with the audited Financial statements for the Financial year ended 31 March 2015 and the accompanying explanatory notes attached to this interim Financial report.

3 WEIDA (M) BHD (Company No. 504747-W) UNAUDITED INTERIM Financial REPORT FOR THE FIRST QUARTER ENDED 30 JUNE 2015 Page 3 Consolidated Statement of Profit or Loss and Other Comprehensive Income For the period ended 30 June 2015 Individual Quarter Cumulative Quarter 3 months ended 3 months ended 30 June 30 June 30 June 30 June Note 2015 RM 000 2014 RM 000 2015 RM 000 2014 RM 000 Revenue 8 102,911 69,200 102,911 69,200 Operating profit Interest expense Interest income Amortisation of goodwill Goodwill written off Gain on disposal of other investments Share of results of equity accounted associate 13,854 (1,387) 849 (10) - 123 (24) 5,456 (1,651) 2,267 (10) (15) 62 (15) 13,854 (1,387) 849 (10) - 123 (24) 5,456 (1,651) 2,267 (10) (15) 62 (15) Profit before taxation Income tax expense 8 26 13,405 (3,905) 6,094 (1,744) 13,405 (3,905) 6,094 (1,744) Profit after taxation 9,500 4,350 9,500 4,350 Other comprehensive income/(loss)

4 , net of tax Items that may be reclassified to profit or loss Foreign exchange translation differences for foreign operations 175 (78) 175 (78) Other comprehensive income/(loss) for the period, net of tax 175 (78) 175 (78) Total comprehensive income for the period, net of tax 9,675 4,272 9,675 4,272 Profit attributable to: Owners of the Company 9,382 3,828 9,382 3,828 Non-controlling interests 118 522 118 522 Profit for the period 9,500 4,350 9,500 4,350 Total comprehensive income attributable to: Owners of the Company 9,431 3,773 9,431 3,773 Non-controlling interests 244 499 244 499 Total comprehensive income for the period 9,675 4,272 9,675 4,272 Basic/Diluted earnings per ordinary share (sen) 36 The condensed Consolidated Statement of profit or loss and other comprehensive income should be read in conjunction with the audited Financial statements for the Financial year ended 31 March 2015 and the accompanying explanatory notes attached to this interim Financial report.

5 WEIDA (M) BHD (Company No. 504747-W) UNAUDITED INTERIM Financial REPORT FOR THE FIRST QUARTER ENDED 30 JUNE 2015 Page 4 Consolidated Statement of Changes in Equity For the period ended 30 June 2015 <-----------------------------------------Attributable to owners of the Company ----------------------------> Issued and fully paid ordinary shares Non-Distributable Distributable Note Number of shares 000 Share capital RM 000 Revaluation reserve RM 000 Foreign exchange translation reserve RM 000 Fair value reserve RM 000 Treasury shares RM 000 Retained earnings RM 000 Sub- total RM 000 Non- controlling interests RM 000 Total equity RM 000 At 1 April 2015 133,333 66,667 25,150 (2,121) 5 (4,600) 293,860 378,961 10,881 389,842 Realisation of revaluation reserve - - (118) - - - 118 - - - Foreign exchange translation differences for foreign operations - - - 49 - - - 49 126 175 Total other comprehensive income for the period - - - 49 - - - 49 126 175 Profit for the period - - - - - - 9,382 9,382 118 9,500 Total comprehensive income for the period - - - 49 - - 9,382 9,431 244 9,675 Distributions to owners of the Company: - Own shares acquired - Dividends to owners of the Company 6 7 - - - - - - - - - - - - - - - - - - - - Total transactions to owners of the Company - - - - - - - - - - At 30 June 2015 133,333 66,667 25,032 (2,072) 5 (4,600) 303,360 388,392 11,125 399,517 WEIDA (M) BHD (Company No.)

6 504747-W) UNAUDITED INTERIM Financial REPORT FOR THE FIRST QUARTER ENDED 30 JUNE 2015 Page 5 Consolidated Statement of Changes in Equity For the period ended 30 June 2014 <-----------------------------------------Attributable to owners of the Company ----------------------------> Issued and fully paid ordinary shares Non-Distributable Distributable Note Number of shares 000 Share capital RM 000 Revaluation reserve RM 000 Foreign exchange translation reserve RM 000 Fair value reserve RM 000 Treasury shares RM 000 Retained earnings RM 000 Sub- total RM 000 Non- controlling interests RM 000 Total equity RM 000 At 1 April 2014 133,333 66,667 9,724 (1,273) 5 (4,599) 279,963 350,487 7,504 357,991 Realisation of revaluation reserve - - (62) - - - 62 - - - Foreign exchange translation differences for foreign operations - - - (55) - - - (55) (23) (78) Total other comprehensive income for the period - - - (55) - - - (55) (23) (78) Profit for the period - - - - - - 3,828 3,828 522 4,350 Total comprehensive income for the period - - - (55) - - 3,828 3,773 499 4,272 Distributions to owners of the Company.

7 - Own shares acquired - Dividends to owners of the Company 6 7 - - - - - - - - - - - - - - - - - - - - Total transactions to owners of the Company - - - - - - - - - - Acquisition of subsidiary - - - - - - - - (7) (7) Issue of share capital - - - - - - - - 98 98 At 30 June 2014 133,333 66,667 9,662 (1,328) 5 (4,599) 283,853 354,260 8,094 362,354 The Consolidated Statement of changes in equity should be read in conjunction with the audited Financial statements for the Financial year ended 31 March 2015 and the accompanying explanatory notes attached to this interim Financial report. WEIDA (M) BHD (Company No. 504747-W) UNAUDITED INTERIM Financial REPORT FOR THE FIRST QUARTER ENDED 30 JUNE 2015 Page 6 Consolidated Statement of Cash Flows For the period ended 30 June 2015 30 June 2015 RM 000 30 June 2014 RM 000 Profit after taxation for the period 9,500 4,350 Adjustments for.

8 Amortisation of intangible assets 2,894 3,478 Amortisation of goodwill Amortisation of prepaid lease payments Depreciation of property, plant and equipment 10 30 2,300 10 29 2,232 Derivative (gain)/loss on forward foreign currency contracts (104) 16 Interest expense 1,387 1,651 Interest income (849) (2,267) Unrealised loss/(gain) on foreign exchange 452 (176) Gain on disposal of property, plant and equipment (126) (118) Gain on disposal of other investment (123) (62) Goodwill written off - 15 Property, plant and equipment written off 6 62 Income tax expense 3,905 1,744 Share of results of equity accounted associate 24 15 Operating profit before changes in working capital 19,306 10,979 Change in inventories (4,683) 5,019 Change in property development costs (106,431) (1,599) Change in trade and other receivables, including derivatives and deposits and prepayments (7,663) 12,417 Change in trade and other payables, including derivatives 20,630 (6,641) Cash generated (used in)/generated from operations (78,841) 20,175 Interest paid (355) (273) Income tax paid (2,486) (2,435) Net cash (used in)/from operating activities (81,682) 17,467 Cash flows from investing activities Decrease in cash and cash equivalents pledged with licensed banks 840 - Acquisition of property, plant and equipment (540) (544) Proceeds from disposal of other investment 123 62 Proceeds from disposal of property, plant and equipment 327 154 Interest received 709 2,080 Net cash from investing activities 1,459 1,752 WEIDA (M) BHD (Company No.)

9 504747-W) UNAUDITED INTERIM Financial REPORT FOR THE FIRST QUARTER ENDED 30 JUNE 2015 Page 7 Consolidated Statement of Cash Flows For the period ended 30 June 2015 30 June 2015 RM 000 30 June 2014 RM 000 (continued) Cash flows from financing activities Proceeds from issuance of shares to non-controlling interests - 98 Net repayments of Islamic bonds - (23,959) Net proceeds/(repayments) of bankers' acceptances 15,482 (6,737) Net proceeds of other loans and borrowings 2,732 8,338 Interest paid (960) (1,268) Net cash from/(used in) financing activities 17,254 (23,528) Net decrease in cash and cash equivalents (62,969) (4,309) Effects of exchange rate fluctuations on cash held (185) 71 Cash and cash equivalents at beginning of period 175,349 244,516 Cash and cash equivalents at end of period 112,195 240,278 Note Cash and cash equivalents included in the Consolidated Statement of cash flows comprise: Deposits, bank and cash balances 112,195 241,096 Less: Cash and cash equivalents pledged for banking facilities - (818) Total cash and cash equivalents shown in Consolidated Statement of cash flows 112,195 240,278 The Consolidated Statement of cash flows should be read in conjunction with the audited Financial statements for the Financial year ended 31 March 2015 and the accompanying explanatory notes attached to this interim Financial report.

10 WEIDA (M) BHD (Company No. 504747-W) UNAUDITED INTERIM Financial REPORT FOR THE FIRST QUARTER ENDED 30 JUNE 2015 Page 8 Notes to the Consolidated interim Financial statements 1. Basis of preparation The Consolidated interim Financial statements are unaudited and have been prepared in accordance with the applicable disclosure provisions of the Main Market Listing Requirements of the Bursa Malaysia Securities Berhad and Financial Reporting Standard ( FRS ) 134, Interim Financial Reporting. The preparation of an interim Financial statements in conformity with FRS 134, Interim Financial Reporting, requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses on a year to date basis. Actual results may differ from these estimates. The condensed Consolidated interim Financial statements of the Group as at and for the Financial period ended 30 June 2015 comprise the Company and its subsidiaries (together referred to as the Group ) and the Group s interest in an associate.


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