GENTING MALAYSIA Quarterly report on consolidated results for the nine months ended 30 September 2015. The figures have not been audited.
UNAUDITED INDIVIDUAL QUARTER | UNAUDITED CUMULATIVE PERIOD | ||||
Third quarter ended 30 September | Nine months ended 30 September | ||||
2015 | 2014 | 2015 | 2014 | ||
RM '000 | RM '000 | RM '000 | RM '000 | ||
Revenue | 2,027,686 | 2,234,548 | 6,104,027 | 6,171,465 | |
Cost of sales | (1,570,642) | (1,583,005) | (4,634,555) | (4,315,422) | |
Gross profit | 457,044 | 651,543 | 1,469,472 | 1,856,043 | |
Other income | 355,120 | 49,879 | 537,986 | 149,106 | |
Other expenses | (403,193) | (301,770) | (836,541) | (802,342) | |
Profit from operations before impairment losses | 408,971 | 399,652 | 1,170,917 | 1,202,807 | |
Reversal of previously recognised impairment losses | 24,304 | 22,555 | 24,304 | 22,555 | |
Impairment losses | - | (37,334) | - | (37,334) | |
Profit from operations | 433,275 | 384,873 | 1,195,221 | 1,188,028 | |
Finance costs | (7,585) | (10,757) | (23,100) | (31,948) | |
Profit before taxation | 425,690 | 374,116 | 1,172,121 | 1,156,080 | |
Taxation | (110,250) | (120,203) | (275,128) | (309,621) | |
Profit for the financial period | 315,440 | 253,913 | 896,993 | 846,459 | |
Profit attributable to: | |||||
Equity holders of the Company | 326,297 | 266,116 | 919,319 | 878,838 | |
Non-controlling interests | (10,857) | (12,203) | (22,326) | (32,379) | |
315,440 | 253,913 | 896,993 | 846,459 | ||
Earnings per share attributable to equity holders of the Company: | |||||
Basic and diluted earnings per share (sen) | 5.76 | 4.69 | 16.22 | 15.50 | |
(The Condensed Consolidated Income Statement should be read in conjunction with the audited Financial Statements for the financial year ended 31 December 2014.)
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GENTING MALAYSIA BERHAD CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2015 | |||||
UNAUDITED INDIVIDUAL QUARTER | UNAUDITED CUMULATIVE PERIOD | ||||
Third quarter ended 30 September | Nine months ended 30 September | ||||
2015 | 2014 | 2015 | 2014 | ||
RM '000 | RM '000 | RM '000 | RM '000 | ||
Profit for the financial period | 315,440 | 253,913 | 896,993 | 846,459 | |
Other comprehensive income | |||||
Items that will be reclassified subsequently to profit or loss: | |||||
Available-for-sale financial assets | |||||
- Fair value loss | (126,342) | (53,402) | (151,024) | (221,013) | |
- Reclassification to profit or loss upon disposal | - | - | (3,732) | - | |
Cash flow hedges | |||||
- Fair value (loss)/gain | (2,406) | (2,135) | 331 | (1,713) | |
Foreign currency exchange differences | 1,585,843 | (90,847) | 2,432,949 | (152,480) | |
Other comprehensive income/(loss), net of tax | 1,457,095 | (146,384) | 2,278,524 | (375,206) | |
Total comprehensive income for the financial period | 1,772,535 | 107,529 | 3,175,517 | 471,253 | |
Total comprehensive income/(loss) attributable to: | |||||
Equity holders of the Company | 1,780,360 | 119,854 | 3,197,169 | 503,884 | |
Non-controlling interests | (7,825) | (12,325) | (21,652) | (32,631) | |
1,772,535 | 107,529 | 3,175,517 | 471,253 | ||
(The Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the audited Financial Statements for the financial year ended 31 December 2014.)
GENTING MALAYSIA BERHAD CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2015 | |||
UNAUDITED | |||
As at 30.09.2015 | As at 31.12.2014 | ||
RM'000 | RM'000 | ||
ASSETS Non-current assets | |||
Property, plant and equipment | 9,704,034 | 7,426,480 | |
Land held for property development | 184,672 | 184,672 | |
Investment properties | 2,348,700 | 1,958,810 | |
Intangible assets | 5,511,743 | 4,482,221 | |
Available-for-sale financial assets | 101,068 | 1,239,176 | |
Long term receivables | 325,078 | 324,714 | |
Deferred tax assets | 191,609 | 200,581 | |
18,366,904 | 15,816,654 | ||
Current assets | |||
Inventories | 116,930 | 100,325 | |
Trade and other receivables | 890,903 | 787,984 | |
Amounts due from other related companies | 30,567 | 29,606 | |
Financial asset at fair value through profit or loss | 10,057 | 7,171 | |
Available-for-sale financial assets | 500,000 | 1,266,125 | |
Restricted cash | 72,897 | 19,087 | |
Cash and cash equivalents | 5,012,336 | 2,770,256 | |
6,633,690 | 4,980,554 | ||
Assets classified as held for sale | 2,066,464 | - | |
8,700,154 | 4,980,554 | ||
TOTAL ASSETS | 27,067,058 | 20,797,208 | |
EQUITY AND LIABILITIES | |||
Equity attributable to equity holders of the Company | |||
Share capital | 593,804 | 593,804 | |
Reserves | 19,440,519 | 16,612,906 | |
Treasury shares | (904,535) | (902,412) | |
Shares held for employee share scheme | (52,106) | - | |
19,077,682 | 16,304,298 | ||
Non-controlling interests | 17,193 | (30,662) | |
TOTAL EQUITY | 19,094,875 | 16,273,636 | |
Non-current liabilities | |||
Other long term liabilities | 201,665 | 199,170 | |
Long term borrowings | 4,030,569 | 1,411,079 | |
Deferred tax liabilities | 753,609 | 658,594 | |
Derivative financial instruments | 2,328 | 2,009 | |
4,988,171 | 2,270,852 | ||
Current liabilities | |||
Trade and other payables | 2,272,728 | 1,851,996 | |
Amount due to holding company | 18,101 | 15,552 | |
Amounts due to other related companies | 136,991 | 93,912 | |
Amount due to a joint venture | - | 28,533 | |
Short term borrowings | 307,157 | 207,144 | |
Derivative financial instruments | 3,794 | 3,257 | |
Taxation | 86,840 | 52,326 | |
Dividend payable | 158,401 | - | |
2,984,012 | 2,252,720 | ||
TOTAL LIABILITIES | 7,972,183 | 4,523,572 | |
TOTAL EQUITY AND LIABILITIES | 27,067,058 | 20,797,208 | |
NET ASSETS PER SHARE (RM) | 3.37 | 2.88 | |
(The Condensed Consolidated Statement of Financial Position should be read in conjunction with the audited Financial Statements for the financial year ended 31 December 2014.) | |||
Attributable to equity holders of the Company
Share Capital
Share Premium
Available-for-sale Financial Assets Reserve
Cash Flow Hedges Reserve
Other Reserves
Treasury Shares
Shares held for Employee Share Scheme
Retained
Earnings Total
Non- controlling
Interests Total Equity
RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000
At 1 January 2015 593,804 1,170,620 1,260,841 (5,287) 721,384 (902,412) - 13,465,348 16,304,298 (30,662) 16,273,636
Total comprehensive income/(loss) for the
period - - (154,756) 331 2,432,275 - - 919,319 3,197,169 (21,652) 3,175,517
Transactions with owners:
- - - - - | - | - | (22,686) | (22,686) | 69,507 | 46,821 |
- - - - - | (2,123) | - | - | (2,123) | - | (2,123) |
- - - - - | - | (52,106) | - | (52,106) | - | (52,106) |
- - - - 9,875 | - | - | - | 9,875 | - | 9,875 |
Changes in ownership interest in a subsidiary that do not result in a loss of control
Buy-back of shares
Purchase of shares pursuant to employee share scheme
Performance-based employee share scheme Appropriation:
Final single-tier dividend declared for the year
ended 31 December 2014 - - - - - - - (198,344) (198,344) - (198,344)
Interim single-tier dividend declared for the
year ending 31 December 2015 - - - - - - - (158,401) (158,401) - (158,401)
Total transactions with owners | - | - | - | - | 9,875 | (2,123) | (52,106) | (379,431) | (423,785) | 69,507 | (354,278) |
At 30 September 2015 | 593,804 | 1,170,620 | 1,106,085 | (4,956) | 3,163,534 | (904,535) | (52,106) | 14,005,236 | 19,077,682 | 17,193 | 19,094,875 |
(The Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the audited Financial Statements for the financial year ended 31 December 2014.)
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