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PINTARAS JAYA BERHAD(189900H)

Interim financial statements for the twelve months ended 30 June 2013
(The figures have not been audited)

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME For the Financial Year Ended 30 June 2013 Individual Quarter Current Year Preceding Year Quarter Corresponding Quarter 30.06.2013 30.06.2012 RM'000 RM'000 (Restated) Revenue Cost of sales Gross profit Other operating income Administrative expenses Other operating expenses Finance cost Share of results of an associate company Profit before taxation Taxation Net profit for the period/year Other comprehensive income - Changes in other comprehensive income: - fair value changes - reclassification to profit or loss upon disposal 50,706 (35,010) 15,696 6,514 (923) (1,272) 20,015 (3,862) 16,153 49,060 (30,821) 18,239 668 (905) (2,652) (1) 15,349 (4,570) 10,779

Cumulative Quarter Current Year Preceding Year To Date Corresponding Period 30.06.2013 30.06.2012 RM'000 RM'000 (Restated) 172,845 (112,899) 59,946 15,386 (3,321) (4,859) 67,152 (14,835) 52,317 185,172 (131,140) 54,032 12,522 (3,276) (5,412) (2) 57,864 (12,967) 44,897

(1,113) (3,197) (4,310)

1,219 335 1,554 12,333

4,489 (5,140) (651) 51,666

(4,302) (4,769) (9,071) 35,826

Total comprehensive income for the period/year Profit attributable to: Equity holders of the Company Total comprehensive income attributable to: Equity holders of the Company Earnings per share (sen) - Basic - Diluted

11,843

16,153

10,779

52,317

44,897

11,843

12,333

51,666

35,826

20.1 -

13.5 -

65.3 -

56.1 -

The condensed consolidated statement of comprehensive income should be read in conjunction with the audited financial statements for the financial year ended 30 June 2012.

PINTARAS JAYA BERHAD(189900H)


Interim financial statements for the twelve months ended 30 June 2013
(The figures have not been audited)

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at 30 June 2013 As at As at 30.06.2013 30.06.2012 RM'000 RM'000 (Restated) ASSETS Non-current assets Property, plant and equipment 77,559 80,800 Investment in an associate company Investment properties 138 307 Available-for-sale investments 30,128 38,001 Deferred tax assets 269 108,094 119,108 Current assets Amounts due from customers on contracts Inventories Receivables Amount due from an associate company Short-term deposits Cash and bank balances TOTAL ASSETS EQUITY AND LIABILITIES Equity attributable to equity holders of the Company Capital and reserves Share capital Share premium Available-for-sale reserve Retained earnings Total equity Non-current liability Deferred tax liabilities

As at 01.07.2011 RM'000 (Restated)

73,834 2 306 49,354 123,496

2,262 15,421 80,325 1 100,450 24,881 223,340 331,434

13,430 84,810 76,144 8,284 182,668 301,776

2,161 10,960 72,384 47,292 5,095 137,892 261,388

80,064 3,486 2,836 184,712 271,098

80,064 3,486 3,487 150,409 237,446

80,064 3,486 12,558 123,727 219,835

10,086 10,086

8,631 8,631

6,227 6,227

Current liabilities Amounts due to customers on contracts Payables Dividend payable Taxation Total liabilities TOTAL EQUITY AND LIABILITIES Net assets per share attributable to equity holders of the Company (RM)

13,851 23,923 8,006 4,470 50,250 60,336 331,434 3.39

20,491 25,030 6,005 4,173 55,699 64,330 301,776 2.97

11,604 21,434 2,288 35,326 41,553 261,388 2.75

The condensed consolidated statement of financial position should be read in conjunction with the audited financial statements for the financial year ended 30 June 2012.

PINTARAS JAYA BERHAD(189900H)


Interim financial statements for the twelve months ended 30 June 2013
(The figures have not been audited)

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY For The Financial Year Ended 30 June 2013 Attributable to equity holders of the Company Non-distributable Distributable Share Available-forRetained premium sale reserve earnings RM'000 RM'000 RM'000 3,486 3,486 3,487 (651) 2,836 150,409 52,317 (18,014) 184,712

Share capital RM'000 At 1 July 2012 (restated) Total comprehensive income for the year Dividends At 30 June 2013 80,064 80,064

Total equity RM'000 237,446 51,666 (18,014) 271,098

At 1 July 2011 (restated) Total comprehensive income for the year Dividends At 30 June 2012 (restated)

80,064 80,064

3,486 3,486

12,558 (9,071) 3,487

123,727 44,897 (18,215) 150,409

219,835 35,826 (18,215) 237,446

The condensed consolidated statement of changes in equity should be read in conjunction with the audited financial statements for the financial year ended 30 June 2012.

PINTARAS JAYA BERHAD(189900H)


Interim financial statements for the twelve months ended 30 June 2013
(The figures have not been audited)

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS For The Financial Year Ended 30 June 2013 12 months ended 30.06.2013 30.06.2012 RM'000 RM'000 CASH FLOWS FROM OPERATING ACTIVITIES Net profit for the year Adjustments for:Depreciation of property, plant and equipment and investment properties Gain on disposal of investment property Gain on disposals of available-for-sale investments Gain on disposal of a subsidiary company Impairment losses of available-for-sale investments Taxation Other non-cash items Other non-operating items Changes in working capital: Net changes in current assets Net changes in current liabilities Cash generated from operations Tax paid Tax refund Interest income received Net cash generated from operating activities CASH FLOWS FROM INVESTING ACTIVITIES Purchases of property, plant and equipment Proceeds from disposal of property, plant and equipment Proceeds from disposal of investment property Purchases of available-for-sale investments Proceeds from disposals of available-for-sale investments Proceeds from disposal of a subsidiary, net of cash in subsidiary disposed Dividend income received Net cash generated from/(used in) investing activities CASH FLOWS FROM FINANCING ACTIVITIES Dividends paid Net cash used in financing activity NET INCREASE IN CASH & CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT BEGINNING OF FINANCIAL YEAR CURRENCY TRANSLATION DIFFERENCES CASH AND CASH EQUIVALENTS AT END OF FINANCIAL YEAR 52,317 11,376 (64) (8,032) 518 14,835 260 (4,275) 66,935 2,450 (9,792) 59,593 (13,352) 1 2,848 49,090 44,897 10,761 (5,942) (690) 2,325 12,967 (180) (2,822) 61,316 (17,027) 17,209 61,498 (8,643) 27 1,710 54,592

(8,494) 261 227 (29,585) 44,401 1,088 7,898

(20,298) 68 (35,635) 41,399 3,286 657 (10,523)

(16,013) (16,013) 40,975 84,428 (72) 125,331

(12,210) (12,210) 31,859 52,387 182 84,428

The condensed consolidated statement of cash flows should be read in conjunction with the audited financial statements for the financial year ended 30 June 2012.

PINTARAS JAYA BERHAD (189900-H)


(Incorporated in Malaysia)

Interim financial statements for the twelve months ended 30 June 2013 Notes to the Interim Financial Statements 1. Basis of Preparation The interim financial statements are unaudited and have been prepared in accordance with the requirements of Malaysian Financial Reporting Standard (MFRS) No. 134 - Interim Financial Reporting and paragraph 9.22 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. The interim financial statements should be read in conjunction with the audited financial statements for the financial year ended 30 June 2012. These explanatory notes attached to the interim financial statements provide an explanation of events and transactions that are significant to an understanding of the changes in the financial position and performance of the Group since the financial year ended 30 June 2012. This interim financial report is the Group's first MFRS compliant condensed report and hence MFRS 1, First-time Adoption of Malaysia Financial Reporting Standards has been applied. The date of transition to the MFRS framework is 1 July 2011. At that transition date, the Group reviewed its accounting policies and considered the transitional opportunities under MFRS 1. The impact of the transition from Financial Reporting Standards (FRS) to MFRS is described in Note 2 below.
2. Significant Accounting Policies and Application of MFRS 1

The audited financial statements of the Group for the financial year ended 30 June 2012 were prepared in accordance with FRS. As the requirements under FRS and MFRS are similar, the significant accounting policies adopted in preparing this condensed report are consistent with those of the audited financial statements for the financial year ended 30 June 2012 except as discussed below: Quoted equity instruments Under FRS, the Group designated its investment in quoted equity instruments at fair value through profit or loss in accordance with FRS 139 Financial Instruments: Recognition and Measurement. Changes in fair value were taken to profit or loss. At the date of transition to MFRS, these quoted equity instruments were redesignated as available-for-sale. Changes in fair value are recognised in other comprehensive income with the exception of impairment losses. The reconciliations of equity and total comprehensive income for comparative periods and of equity at the date of transition reported under FRS to those reported for those periods and at the date of transition under MFRS are provided in the following pages:

PINTARAS JAYA BERHAD (189900-H)


(Incorporated in Malaysia)

Interim financial statements for the twelve months ended 30 June 2013
2. Significant Accounting Policies (continued)

a) Reconciliation of financial position As at 1.7.2011 Effect of transition to MFRs RM'000

FRSs

MFRs

RM'000 Non-current assets Property, plant and equipment Investment in an associate company Investment properties Available-for-sale investments 73,834 2 306 74,142

RM'000 73,834 2 306 49,354 123,496

49,354 49,354

Current assets Amounts due from customers on contracts Inventories Receivables Financial assets at fair value through profit or loss Short-term deposits Cash and bank balances TOTAL ASSETS EQUITY AND LIABILITIES Equity attributable to equity holders of the Company Capital and reserves Share capital Share premium Available-for-sale reserve Retained earnings Total equity Non-current liability Deferred tax liabilities

2,161 10,960 72,384 49,354 47,292 5,095 187,246 261,388

(49,354)

(49,354) -

2,161 10,960 72,384 47,292 5,095 137,892 261,388

80,064 3,486 136,285 219,835

12,558 (12,558) -

80,064 3,486 12,558 123,727 219,835

6,227 6,227

6,227 6,227

Current liabilities Amounts due to customers on contracts Payables Taxation Total liabilities TOTAL EQUITY AND LIABILITIES

11,604 21,434 2,288 35,326 41,553 261,388

11,604 21,434 2,288 35,326 41,553 261,388

PINTARAS JAYA BERHAD (189900-H)


(Incorporated in Malaysia)

Interim financial statements for the twelve months ended 30 June 2013
2. Significant Accounting Policies (continued)

a) Reconciliation of financial position (continued) As at 30.6.2012 Effect of transition to MFRs RM'000 RM'000 FRSs Non-current assets Property, plant and equipment Investment in an associate company Investment properties Available-for-sale investments 80,800 307 81,107

MFRs

RM'000 80,800 307 38,001 119,108

38,001 38,001

Current assets Amounts due from customers on contracts Inventories Receivables Financial assets at fair value through profit or loss Short-term deposits Cash and bank balances TOTAL ASSETS EQUITY AND LIABILITIES Equity attributable to equity holders of the Company Capital and reserves Share capital Share premium Available-for-sale reserve Retained earnings Total equity Non-current liability Deferred tax liabilities

13,430 84,810 38,001 76,144 8,284 220,669 301,776

(38,001)

(38,001) -

13,430 84,810 76,144 8,284 182,668 301,776

80,064 3,486 153,896 237,446

3,487 (3,487) -

80,064 3,486 3,487 150,409 237,446

8,631 8,631

8,631 8,631

Current liabilities Amounts due to customers on contracts Payables Dividend payable Taxation Total liabilities TOTAL EQUITY AND LIABILITIES

20,491 25,030 6,005 4,173 55,699 64,330 301,776

20,491 25,030 6,005 4,173 55,699 64,330 301,776

PINTARAS JAYA BERHAD (189900-H)


(Incorporated in Malaysia)

Interim financial statements for the twelve months ended 30 June 2013
2. Significant Accounting Policies (continued)

b) Reconciliation of statement of comprehensive income As at 30.6.2012 Effect of transition to MFRs RM'000 RM'000 185,172 (131,140) 54,032 12,436 86 (3,276) (14,397) 8,985 (2) 48,793 (12,967) 35,826 FRSs

MFRs

Revenue Cost of sales Gross profit Other operating income Administrative expenses Other operating expenses Finance cost Share of results of an associate company Profit before taxation Taxation Net profit for the year Other comprehensive income: Net changes in fair value of available-for-sale investments Total comprehensive income for the year

RM'000 185,172 (131,140) 54,032 12,522 (3,276) (5,412) (2) 57,864 (12,967) 44,897

35,826

(9,071)

(9,071) 35,826

c) There are no material differences between the statement of cash flows presented under MFRSs and the statement of cash flows presented under FRSs. 3. Auditors' Report on Preceding Annual Financial Statements The audit report of the Group's most recent annual audited financial statements for the financial year ended 30 June 2012 was not qualified. 4. Seasonal or Cyclical Factors The business operations of the Group are not materially affected by any seasonal or cyclical factors. 5. Unusual Items There were no unusual items affecting assets, liabilities, equity, net income or cash flows of the Group during the financial year ended 30 June 2013. 6. Changes in Estimates There were no changes in estimates of amounts reported in prior financial years that have a material effect in the current quarter. 7. Changes in Debt and Equity Securities There were no issuance and repayment of debt and equity securities, share buy-backs, share cancellations, shares held as treasury shares and resale of treasury shares during the financial year ended 30 June 2013.

PINTARAS JAYA BERHAD (189900-H)


(Incorporated in Malaysia)

Interim financial statements for the twelve months ended 30 June 2013 8. Dividend Paid An interim single-tier dividend of 7.5 sen per share amounting to RM6,004,800 in respect of the financial year ended 30 June 2012 was declared on 18 May 2012 and paid on 10 July 2012. The final single-tier dividend of 12.5 sen per share amounting to RM10,008,000 in respect of the financial year ended 30 June 2012 was approved by the shareholders during the Annual General Meeting on 18 October 2012 and paid on 15 January 2013. A first interim single-tier dividend of 10.0 sen per share amounting to RM8,006,400 in respect of the financial year ended 30 June 2013 was declared on 17 May 2013 and paid on 10 July 2013. 9. Segmental Information Piling, civil Manufacturing Eliminations engineering and construction works RM'000 12 months ended 30 June 2013 Revenue External revenue Inter-segment revenue Total revenue Results Segment results Unallocated income Unallocated costs Finance cost Share of results of an associate company Profit before taxation Taxation Profit for the financial year RM'000 RM'000 Group

RM'000

138,009
-

34,836
-

138,009

34,836

172,845 172,845

49,153

6,614

55,767 12,168 (783)


-

67,152 (14,835) 52,317 Piling, civil Manufacturing Eliminations engineering and construction works RM'000 RM'000 RM'000 Group

RM'000

12 months ended 30 June 2012 Revenue External revenue Inter-segment revenue Total revenue Results Segment results Unallocated income Unallocated costs Finance cost Share of results of an associate company Profit before taxation Taxation Profit for the financial year

146,151
-

39,021
-

146,151 42,182

39,021 8,883

185,172 185,172 51,065 9,290 (2,489)


-

(2) 57,864 (12,967) 44,897

Segmental reporting by geographical area is not presented as the Group's activities are all carried out in Malaysia.

PINTARAS JAYA BERHAD (189900-H)


(Incorporated in Malaysia)

Interim financial statements for the twelve months ended 30 June 2013 10. Valuation of Property, Plant and Equipment Property, plant and equipment are stated at cost less accumulated depreciation and impairment losses, if any. 11. Material Events Subsequent to the End of Financial Period There were no material events subsequent to the end of the current financial year ended 30 June 2013 up to the date of this report other than as disclosed in note 20. 12. Changes in Composition of the Group On 1 August 2012, the Company acquired 2 ordinary shares of RM1 each representing the entire issued and paid-up share capital of Primapac Sdn. Bhd. (formerly known as Incabest Trading Sdn. Bhd.) for a total cash consideration of RM2.

13. Contingent Liabilities or Contingent Assets There were no contingent liabilities or contingent assets since the last audited financial statements of the Group. 14. Capital Commitments Authorised capital commitments not recognised in the financial statements as at 30 June 2013 are as follows: Approved and contracted for RM'000 12,645

15. Review of Performance of the Company and its Principal Subsidiaries (a) Current Year 4th Quarter (4Q2013) versus Preceding Year 4th Quarter (4Q2012) For the financial quarter ended 30 June 2013, the Group's revenue increased by 3% to RM50.7 million from RM49.1 million in the preceding year, while profit before taxation rose by 31% to RM20.0 million as compared to the previous corresponding period of RM15.3 million. The improvement is mainly attributable to higher profits realised from quoted investments. Contributions from both the construction and manufacturing divisions were lower. Revenue from construction division increased by 5% to RM41.5 million in 4Q2013 from RM39.4 million in 4Q2012. However, profit before taxation was 16% lower at RM12.5 million, compared to RM14.8 million in last year's corresponding quarter. The growth in revenue was mainly due to the increase in the implementation of projects, whilst the decrease in profit before taxation was substantially attributable to lower profits realised from completed projects in the current financial quarter. The manufacturing division recorded a revenue and profit before taxation of RM9.2 million and RM1.8 million in 4Q2013, representing a decrease of 5% and 31% respectively compared to the same quarter last year. The decline in the current financial quarter results compared to 4Q2012 was mainly due to lower sales and higher operating expenditure.
(b) Current Year-to-date versus Preceding Year Corresponding Period

For the twelve months ended 30 June 2013, the Group's revenue dropped to RM172.8 million from RM185.2 million in the preceding year. Despite the 7% decrease in revenue, the Group recorded a higher profit before taxation of RM67.2 million as compared to the previous corresponding period of RM57.9 million. This was primarily due to the strong performance achieved by the construction division and higher profits realised from quoted investments. Contribution from the manufacturing division, however, was lower. Revenue from the construction division slipped by about 6% to RM138.0 million from RM146.2 million as compared to last year. Nevertheless, profit before taxation rose by 17% to RM49.2 million as compared to RM42.2 million in the previous year, primarily due to higher profits realised from completed projects. The manufacturing division recorded a revenue and profit before taxation of RM34.8 million and RM6.6 million, representing a decrease of 11% and 26% respectively compared to last year. The decline was mainly due to lower sales and a downward revision of selling prices.

PINTARAS JAYA BERHAD (189900-H)


(Incorporated in Malaysia)

Interim financial statements for the twelve months ended 30 June 2013 16. Material Changes in the Quarterly Results compared to the results of the Immediate Preceding Quarter 4th quarter ended 30.06.2013 RM'000 50,706 20,015 3rd quarter ended 31.03.2013 RM'000 42,434 17,645

Revenue Profit before taxation

Variance % 19% 13%

For the 4th financial quarter under review, the Group recorded a higher revenue and profit before taxation of RM50.7 million and RM20.0 million, representing an increase of 19% and 13% respectively compared to the immediate preceding quarter. The increase was attributable mainly to higher profits realised from quoted investments and better performance from the manufacturing division. Contribution from the construction division was lower. 17. Prospects for the Next Financial Year ending 30 June 2014 Based on the current strong order book and tender book, the Board expects the construction business to perform well in FY 2014. The construction industry remains robust with the progressive roll-out of various infrastructure and property projects both from the public and private sectors. However, the Board expects the shortage of skilled labour, staffing issues and escalation of material prices to pose serious challenges. Many new players have emerged and rates will be capped by the competition they provide. Nevertheless, we are expanding our capacity to enable us to grow our order book. On the manufacturing front, the Board expects the metal container operations to remain difficult. We foresee competition to be keen and downward price pressures to be amplified. We will continue to focus and expand our range of products as well as upgrade our metal printing and container production lines in order to enhance quality and productivity. Overall, the Board expects the Group's financial performance for financial year 2014 to be good. 18. Variance of Actual Profit from Forecast Profit/Profit Guarantee There were no profit forecast/profit guarantee issued by the Group. 19. Taxation Taxation comprises the following: Current quarter Cumulative quarter ended ended 30.06.2013 30.06.2013 RM'000 RM'000 3,947 13,649 (85) 1,186 3,862 14,835

Current taxation Deferred taxation

The average effective tax rate differs from the statutory income tax rate of Malaysia as follows: Current quarter Cumulative quarter ended ended % % 25 25 1 (7) (3) 19 22

Statutory income tax rate Expenses not deductible for tax purposes Income not subject to tax Average effective tax rate

PINTARAS JAYA BERHAD (189900-H)


(Incorporated in Malaysia)

Interim financial statements for the twelve months ended 30 June 2013 20. Status of Corporate Proposals On 30 July 2013, the Company announced the following corporate proposals: (i) proposed bonus issue of 80,064,000 ordinary shares of RM1.00 each in Pintaras on the basis of one (1) Bonus share for every one (1) existing Pintaras Share at a date to be determined and announced later ("Proposed Bonus Issue"); (ii) proposed establishment of a new employee share option scheme involving up to 15% of the issued and paid-up share capital of Pintaras to eligible directors and employees of Pintaras, and its subsidiaries ("Proposed ESOS"); and (iii) proposed share buy-back of its ordinary shares of RM1.00 each by Pintaras of up to 10% of its own issued and paid-up share capital. ("Proposed Share Buy-Back"). The above proposals are subject to approvals from the relevant authorities and shareholders of the Company. 21. Group borrowings and Debt Securities The Group does not have any borrowings or debt securities as at 30 June 2013. 22. Derivative Financial Instruments The Group has no derivative financial instruments for the current financial year ended 30 June 2013. 23. Fair Value Changes of Financial Liabilities There are no financial liabilities measured at fair value through profit or loss as at 30 June 2013. 24. Changes in Material Litigation There is no material litigation at the date of this report. 25. Dividend (a) (i) (ii) (iii) (iv) (v)

The Board of Directors has recommended a final dividend in respect of the financial year ended 30 June 2013. Amount per share : 15.0 sen single tier Previous corresponding period : 12.5 sen single tier Date payable : To be determined later In respect of deposited securities, entitlement to dividends will be determined on the basis of the record of depositors as at a date to be determined later.

The proposed final dividend is subject to shareholders' approval at the Annual General Meeting to be held on a date to be announced later. (b) Total dividend for the current financial year : 25.0 sen single tier

26. Earnings Per Share The basic earnings per share is calculated by dividing the net profit for the period by the weighted average number of shares in issue during the financial year. Current quarter Cumulative quarter ended ended 30.06.2013 30.06.2013 - Net profit for the year (RM'000) 16,153 52,317 - Weighted average number of ordinary shares in issue ('000) 80,064 80,064 - Basic earnings per share (sen) 20.10 65.30 The Group does not have in issue any financial instruments or other contracts that may entitle its holder to ordinary shares and therefore dilute its basic earnings per share.

PINTARAS JAYA BERHAD (189900-H)


(Incorporated in Malaysia)

Interim financial statements for the twelve months ended 30 June 2013 27. Realised and Unrealised Profits/Losses Disclosure As at 30.06.2013 'RM'000 Total retained profits of the Company and its subsidiaries: - Realised - Unrealised Add: Consolidation adjustments Total group retained profits as per consolidated accounts 28. Profit before Taxation Current quarter Cumulative quarter ended ended 30.06.2013 30.06.2013 RM'000 RM'000 Profit before taxation is arrived at after charging/(crediting):(a) Interest income (b) Other income including investment income - dividend income - gain on disposals of property, plant and equipment (c) Interest expenses (d) Depreciation of property, plant and equipment and investment properties (e) Provision for impairment of receivables (f) Inventories written off (g) Gain or loss on disposal of quoted or unquoted investments or properties - gain on disposals of available-for-sale investments - gain on disposal of investment property (h) Impairment of assets - property, plant and equipment - available-for-sale investments (i) Net (gain)/loss on foreign exchange (j) Gain or loss on derivatives (k) Exceptional items By order of the Board KHOO YOK KEE Executive Director Shah Alam 27 August 2013 (799) (295) (4) N/A 2,914 (247) 12 (5,097) 48 518 (3) N/A N/A (2,956) (1,098) (220) N/A 11,376 893 76 (8,032) (64) 48 518 167 N/A N/A As at 30.06.2012 RM'000 (Restated) 150,134 (8,517) 141,617 8,792 150,409

185,778 (9,906) 175,872 8,840 184,712