2nd Qtr Result - 2010 by wanghonghx

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									MENTIGA CORPORATION BERHAD
(Company No. 10289-K)

Condensed Consolidated Statement Of Comprehensive Income
For the financial period ended 30 June 2010
(These figures have not been audited)

                                                 INDIVIDUAL QUARTER                          CUMULATIVE QUARTER
                                              Current         Comparative                 Current         Comparative
                                            quarter ended     quarter ended              year to date      year to date
                                            30 June 2010      30 June 2009              30 June 2010      30 June 2009
                                              RM'000            RM'000                     RM'000            RM'000

  (a) Revenue                                        1,029                 4,260                   2,384                   12,907

  (b) Cost of sales                                 (1,168)                (1,126)                (1,926)                  (2,044)

  (c) Gross profit/(loss)                             (139)                3,134                    458                    10,863

  (d) Other income                                    386                     34                    563                       74

  (e) Administrative expenses                       (1,671)                (1,872)                (3,678)                  (4,067)

  (f) Finance costs                                   (147)                 (141)                   (295)                    (282)

  (g) Profit/(loss) before Tax                      (1,571)                1,155                  (2,952)                   6,588

  (h) Income tax expenses                              -                    (139)                    -                       (208)

  (i) Profit/(loss) for the period                  (1,571)                1,016                  (2,952)                   6,380

  (j) Other comprehensive income/(loss)                -                      -                      -                        -
       net of tax

  (k) Total comprehensive income / (loss)
       for the period                               (1,571)                1,016                  (2,952)                   6,380

  (l) Attributable to:

          Equity holders of the parent              (1,568)                1,016                  (2,948)                   6,380

          Minority interest                             (3)                  -                        (4)                     -
                                                    (1,571)                1,016                  (2,952)                   6,380

 (m) Basic earning per share (based on               (2.62)                  1.69                  (4.92)                   10.63
     weighted average 60,000,000
     ordinary shares) (sen)

  (n) Fully diluted                                  (1.83)                  1.48                  (3.41)                    8.54
 (The Condensed Consolidated Statement Of Comprehensive Income should be read in conjunction with the Audited Financial
 Statements for the year ended 31 December 2009 and the accompanying explanatory notes attached to the Interim Financial
 Statements)
MENTIGA CORPORATION BERHAD
(Company No. 10289-K)

Condensed Consolidated Statement Of Financial Condition (unaudited)
As at 30 June 2010
                                                          UNAUDITED                        AUDITED
                                                         AS AT END OF                 AS AT PRECEDING
                                                     CURRENT QUARTER                FINANCIAL YEAR END
                                                          30 JUNE 2010                31 DECEMBER 2009
                                                             RM'000                         RM'000

   ASSETS
 1 Non-current assets
      Property, plant and equipment                                    43,820                           41,101
      Prepaid lease payments                                           48,626                           48,950
                                                                       92,446                           90,051

 2 Current assets
      Inventories                                                         201                             631
      Trade and other receivables                                       3,401                          11,650
      Cash and bank balances                                            7,196                           8,206
                                                                       10,798                          20,487
        Non current assets held for sale                                  926                             926
                                                                       11,724                          21,413
 3 Total assets                                                       104,170                         111,464

   EQUITY
 4 Capital and reserves attributable to equity holders
    of the Company
       Share Capital                                                    60,000                          60,000
       Revaluation and other reserves                                   46,946                          46,946
       Retained loss                                                   (59,076)                        (56,128)
       Equity attributable to equity holders of the parent              47,870                          50,818
       Minority interest                                                   173                             177
   Total equity                                                         48,043                          50,995

   LIABILITIES
 5 Non current liabilities
      Deferred tax liabilities                                         15,884                           15,884
      Retirement benefits                                               3,069                            2,791
      Borrowings (interest bearing)                                     8,806                            8,806
      Redeemable Convertible Preference Shares                         10,000                           10,000
                                                                       37,759                           37,481

 6 Current liabilities
      Trade and other payables                                         17,726                           21,887
      Retirement benefits                                                 642                            1,101
      Borrowings (interest bearing)                                       -                                -
                                                                       18,368                           22,988
 7 Total liabilities                                                   56,127                           60,469

 8 Total equity and liabilities                                       104,170                         111,464

 9 Net assets per share (RM)                                              0.80                            0.85

    (The Condensed Consolidated Statement Of Financial Position should be read in conjunction with the Audited
    Financial Statements for the year ended 31 December 2009 and the accompanying explanatory notes attached
    to the Interim Financial Statements)
MENTIGA CORPORATION BERHAD
(Company No. 10289-K)

Condensed Consolidated Statement Of Changes In Equity (unaudited)
As at 30 June 2010

                                   CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY


                                                             Attributable to equity holders of the parent

Group
                                                    Share    Share options   Revaluation    Accumulated                  Minority        Total
                                                   Capital     Reserves       Reserves          Loss           Total     Interests      Equity
                                                   RM'000      RM'000         RM'000          RM'000          RM'000     RM'000         RM'000

Balance as at 31 December 2008 (Restated)           60,000          5,293         40,824          (61,733)    44,384         185        44,569

Transfer from deferred tax liability                   -              -              829               -         829          -            829

Dividend paid for the year ended
    31 December 2008                                   -              -               -              (900)      (900)         -           (900)

Total comprehensive income/(loss) for the period       -              -               -             6,505      6,505              (8)    6,497

Balance as at 31 December 2009                      60,000          5,293         41,653          (56,128)    50,818         177        50,995

At 31 December 2009                                 60,000          5,293         41,653          (56,128)    50,818         177        50,995

Transfer from deferred tax liability                   -              -               -                -         -            -            -

Total Comprehensive loss for the period                -              -               -             (2,948)    (2,948)            (4)    (2,952)

Balance as at 30 June 2010                          60,000          5,293         41,653          (59,076)    47,870         173        48,043


(The Condensed Consolidated Statements Of Changes In Equity should be read in conjunction with the Audited Financial Statements
for the year ended 31 December 2009 and the accompanying explanatory notes attached to the Interim Financial Statements)
MENTIGA CORPORATION BERHAD
(Company No. 10289-K)

Condensed Consolidated Statement Of Cash Flows
For the financial period ended 30 June 2010
(These figures have not been audited)
                                                                    Current year         Comparative year
                                                                       to date                to date
                                                                    30 June 2010           30 June 2009
                                                                      RM'000                 RM'000
CASH FLOWS FROM OPERATING ACTIVITIES
Net profit/(loss) before tax                                                  (2,952)                 6,380

Adjustments for :

    Prepaid lease rental amortised                                              324                    324
    Property, plant and equipment
    - depreciation                                                               888                    980
    Interest expense                                                             295                    282
    Minority interests                                                           -                      -
    Provision for retirement benefit                                             223                    277
                                                                              (1,222)                 8,243
   Changes in working capital
   -inventories                                                                  430                   (304)
   -receivables, deposits and prepayment                                       8,249                 (5,421)
   -payables                                                                  (4,456)                (1,370)
Cash flow from operations                                                      3,001                  1,148
   Retirement benefits paid                                                     (404)                  (318)
   Net cash flow (used in) / from operating activities                         2,597                    830

CASH FLOWS FROM INVESTING ACTIVITIES
  Property, plant and equipment
  - additions                                                                 (3,607)                (3,312)
  Net cash flow (used in) / from investing activities                         (3,607)                (3,312)

CASH FLOWS FROM FINANCING ACTIVITIES
  Proceed from borrowings                                                          -                  5,416
  Repayment of borrowings                                                          -                     (5)
  Net cash flow (used in) / from financing activities                              -                  5,411

Net (decrease)/increase in Cash & Cash Equivalents                            (1,010)                 2,929
Cash & Cash Equivalents as at 1 January                                        8,206                  2,529
Cash & Cash Equivalents at end of period                                       7,196                  5,458

(The Condensed Consolidated Statement Of Cash Flows should be read in conjunction with the Audited Financial
Statements for the year ended 31 December 2009 and the accompanying explanatory notes attached to the
Interim Financial Statements)

								
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