Statements Of Comprehensive Income

For The Year Ended 31 December 2017

Group Company

2017 2016 Changes 2017 2016 Changes

Note RM’000 RM’000 (%) RM’000 RM’000 (%)

Revenue 4 1,474,323 1,228,384 20.0 591,914 468,755 26.3

Other income 37,577 70,923 (47.0) 9,317 20,673 (54.9)

1,511,900 1,299,307 16.4 601,231 489,428 22.8

Changes in finished goods (17,904) 72,284 (124.8) (9,199) 13,609 (167.6)

Raw materials and
consumables used (628,238) (620,659) 1.2 (5,015) (11,385) (56.0)
Amortisation of biological assets (29,692) (27,841) 6.6 (21,539) (19,717) 9.2
Depreciation of property,
plant and equipment (54,422) (44,819) 21.4 (33,578) (23,905) 40.5
Amortisation of land use rights (688) (720) (4.4) - - -
Staff costs 5 (166,286) (149,293) 11.4 (120,652) (110,394) 9.3
Other expenses (139,815) (137,195) 1.9 (73,387) (70,942) 3.4

Profit from operations 5 474,855 391,064 21.4 337,861 266,694 26.7

Finance costs 6 (22) (22) - (19) (20) (5.0)
Investment and interest income 7 26,112 26,893 (2.9) 20,047 21,490 (6.7)
Share of results of joint venture 13 (101) - - - - -

Profit before taxation 500,844 417,935 19.8 357,889 288,164 24.2

Taxation 8 (108,555) (87,128) 24.6 (72,106) (61,954) 16.4

Net profit for the year 392,289 330,807 18.6 285,783 226,210 26.3

Attributable to:
Equity owners of the parent 390,522 329,488 18.5 285,783 226,210 26.3
Non-controlling interests 1,767 1,319 34.0 - - -

392,289 330,807 18.6 285,783 226,210 26.3

Earnings per share (sen) 9 189 159 18.9

Statements Of Financial Position

Company
 2017 2016

Note RM’000 RM’000

Assets
Non-Current Assets
Biological assets 10 (a) 348,827 333,574
Property, plant and equipment 10 (b) 853,605 762,848
Subsidiary companies 11 379,865 404,826
Associated company 12 50 50
Joint venture 13 30,000 -*
1,612,347 1,501,298
Current Assets
Inventories 14 33,232 42,821
Trade and other receivables 15 78,456 168,743
Prepayments 399 86
Cash and bank balances 16 (a) 371,285 152,566
Short term funds 16 (b) 136,224 273,194
619,596 637,410

Total Assets 2,231,943 2,138,708

Equity and Liabilities
Equity attributable to owners of the parent
Share capital 17 (a) 390,054 208,134
Treasury shares 17 (b) (8,635) (8,635)
Reserves 18 1,627,516 1,762,613

Total Equity 2,008,935 1,962,112

Non-Current Liabilities
Deferred tax liabilities 19 122,951 109,759
Retirement benefit obligations 20 5,672 6,910
128,623 116,669
Current Liabilities
Trade and other payables Tax payable 21 86,460 46,631
7,276 12,703
Retirement benefit obligations 20 649 593
94,385 59,927

Total Liabilities 223,008 176,596

Total Equity and Liabilities 2,231,943 2,138,708

Statements Of Comprehensive Income

For The Year Ended 31 December 2018

Group Company
 2018 2017 Changes 2018 2017 Changes
Note RM’000 RM’000 (%) RM’000 RM’000 (%)

Revenue Other 4 1,305,591 1,474,323 (11.4) 575,318 591,914 (2.8)

income 38,571 38,857 (0.7) 5,310 12,342 (57.0)

1,344,162 1,513,180 (11.2) 580,628 604,256 (3.9)

Changes in finished goods (21,709) (17,904) 21.3 10,497 (9,199) 214.1

Raw materials and consumables used (466,475) (628,238) (25.7) - (5,015) (100.0)
Depreciation of property,
plant and equipment (84,861) (84,114) 0.9 (56,961) (55,117) 3.3
Amortisation of land use rights (1,091) (688) 58.6 - - -
Staff costs 5 (176,757) (164,440) 7.5 (131,951) (118,806) 11.1
Other expenses (128,700) (139,815) (7.9) (70,975) (73,387) (3.3)

Profit from operations 5 464,569 477,981 (2.8) 331,238 342,732 (3.4)

Finance costs 6 (25) (22) 13.6 (20) (19) 5.3
Investment and interest income 7 30,239 26,112 15.8 26,022 20,047 29.8
Share of results of joint venture 14 (3,911) (101) 3,772.3 - - -

Profit before taxation 490,872 503,970 (2.6) 357,240 362,760 (1.5)

Taxation 8 (116,772) (109,288) 6.8 (83,668) (73,275) 14.2

Net profit for the year 374,100 394,682 (5.2) 273,572 289,485 (5.5)

Attributable to:
Equity owners of the parent 372,417 392,980 (5.2) 273,572 289,485 (5.5)
Non-controlling interests 1,683 1,702 (1.1) - - -

374,100 394,682 (5.2) 273,572 289,485 (5.5)

Earnings per share (sen) 9 179 189 (5.3)

Statements Of Financial Position

As At 31 December 2018

Company
 As at 1 January
2018 2017 2017
Note RM’000 RM’000 RM’000

Assets
Non-Current Assets
Property, plant and equipment 10 (a) 1,233,833 1,202,432 1,096,422
Subsidiary companies 12 355,540 379,865 404,826
Associated company 13 50 50 50
Joint venture 14 30,000 30,000 -*

1,619,423 1,612,347 1,501,298

Current Assets
Biological assets 11 24,910 26,614 21,743
Inventories 15 40,956 33,232 42,821
Trade and other receivables 16 118,170 78,456 168,743
Prepayments 402 399 86
Cash and bank balances 17 (a) 85,209 371,285 152,566
Short term funds 17 (b) 337,652 136,224 273,194

607,299 646,210 659,153

Total Assets 2,226,722 2,258,557 2,160,451

Equity and Liabilities

Equity attributable to owners of the parent
Share capital 18 (a) 390,054 390,054 208,134
Treasury shares 18 (b) (8,635) (8,635) (8,635)
Reserves 19 1,609,628 1,647,743 1,779,138

Total Equity 1,991,047 2,029,162 1,978,637

Non-Current Liabilities
Deferred tax liabilities 20 139,095 129,338 114,977
Retirement benefit obligations 21 5,773 5,672 6,910

144,868 135,010 121,887

Current Liabilities
Trade and other payables 22 69,997 86,460 46,631
Tax payable 19,898 7,276 12,703
Retirement benefit obligations 21 912 649 593

90,807 94,385 59,927

Total Liabilities 235,675 229,395 181,814

Total Equity and Liabilities 2,226,722 2,258,557 2,160,451

Statements Of Comprehensive Income

For The Financial Year Ended 31 December 2019

Group Company
 2019 2018 Changes 2019 2018 Changes
Note RM’000 RM’000 (%) RM’000 RM’000 (%)

Revenue 4 1,173,101 1,305,591 (10.1) 563,335 575,318 (2.1)

Other income 22,396 38,571 (41.9) 10,569 5,310 99.0

1,195,497 1,344,162 (11.1) 573,904 580,628 (1.2)

Changes in finished goods (15,456) (21,709) (28.8) (13,400) 10,497 (227.7)

Raw materials and consumables used (393,289) (466,475) (15.7) - - -
Depreciation of property,
plant and equipment (87,419) (84,861) 3.0 (57,515) (56,961) 1.0
Amortisation of land use rights - (1,091) (100.0) - - -
Amortisation of right-of-use assets (8,045) - - (6,925) - -
Staff costs 5 (182,956) (176,757) 3.5 (140,586) (131,951) 6.5
Other expenses (180,898) (128,700) 40.6 (107,858) (70,975) 52.0

Profit from operations 5 327,434 464,569 (29.5) 247,620 331,238 (25.2)

Finance costs 6 (29) (25) 16.0 (20) (20) 0.0
Investment and interest income 7 27,675 30,239 (8.5) 32,273 26,022 24.0
Share of results of joint venture 14 2,880 (3,911) 173.6 - - -

Profit before taxation 357,960 490,872 (27.1) 279,873 357,240 (21.7)

Taxation 8 (73,634) (116,772) (36.9) (62,286) (83,668) (25.6)

Net profit for the financial year 284,326 374,100 (24.0) 217,587 273,572 (20.5)

Attributable to:
Equity owners of the parent 283,286 372,417 (23.9) 217,587 273,572 (20.5)
Non-controlling interests 1,040 1,683 (38.2) - - -

284,326 374,100 (24.0) 217,587 273,572 (20.5)

Earnings per share (sen) 9 136 179 (24.0)

Statements Of Financial Position

Company
 2019 2018
Note RM’000 RM’000

Assets
Non-Current Assets
Property, plant and equipment 10 (a) 943,515 1,233,833
Right-of-use assets 10 (c) 353,005 -
Subsidiary companies 12 121,147 355,540
Associated company 13 50 50
Joint venture 14 30,000 30,000
Goodwill 15 356,856 -

1,804,573 1,619,423
Current Assets
Biological assets 11 27,478 24,910
Inventories 16 29,153 40,956
Trade and other receivables 17 74,929 118,170
Prepayments 1,139 402
Cash and bank balances 18 (a) 48,346 85,209
Short term funds 18 (b) 152,346 337,652

333,391 607,299

Total Assets 2,137,964 2,226,722

Equity and Liabilities
Equity attributable to owners of the parent
Share capital 19 (a) 390,054 390,054
Treasury shares 19 (b) (18,668) (8,635)
Reserves 20 1,536,426 1,609,628

Total Equity 1,907,812 1,991,047

Non-Current Liabilities
Deferred tax liabilities 21 158,148 139,095
Retirement benefit obligations 22 5,950 5,773

164,098 144,868
Current Liabilities
Trade and other payables 23 53,506 69,997
Tax payable 11,224 19,898
Retirement benefit obligations 22 1,324 912

66,054 90,807

Total Liabilities 230,152 235,675

Total Equity and Liabilities 2,137,964 2,226,722