QtrKLSEJun05-Final.xls by fanzhongqing

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									                      FURNIWEB INDUSTRIAL PRODUCTS BERHAD
                                   (Company No: 541706-V)
                     QUARTERLY REPORT ON CONSOLIDATED RESULTS
                                FOR THE SECOND QUARTER 2005

                          CONDENSED CONSOLIDATED BALANCE SHEET
                                       AS AT 30 JUNE 2005
                                                                                  AS AT
                                                          AS AT END            PRECEDING
                                                         OF CURRENT            FINANCIAL
                                                           QUARTER              YEAR END
                                                          30/6/2005            31/12/2004
                                                Note        RM'000               RM'000

Property, plant and equipment                                     35,597                  33,407
Other Investment                                 B6                   50                      50
Investment in a jointly controlled entity                          1,018                   1,118
Goodwill                                                             709                     729

Current Assets
Inventories                                                       20,513                  19,823
Trade Receivables                                                 16,723                  14,303
Other Receivables                                                  4,894                   3,789
Amount owing by a jointly controlled entity                          583                     340
Short term deposits with licensed banks                            1,714                   2,258
Cash and bank balances                                            13,698                  10,079
                                                                  58,125                  50,592
Current Liabilities
Trade Payables                                                     5,717                   4,374
Other Payables                                                     3,523                   4,394
Amount owing to Directors                                          3,085                   2,935
Short term borrowings                            B8                9,538                   8,352
Taxation                                                              80                     193
                                                                  21,943                  20,248

Net current assets                                                36,182                  30,344
                                                                  73,556                  65,648
Financed By:
Share capital                                                     45,000                  45,000
Share premium                                                        275                     278
Forex Fluctuation Reserve                                            618                     180
Unappropriated profit                                             15,091                  12,055
                                                                  60,984                  57,513

Minority interest                                                  3,763                   3,620
Long term borrowings                             B8                6,959                   2,594
Deferred taxation                                                  1,850                   1,921
Non current liabilities                                           12,572                   8,135
                                                                  73,556                  65,648

Net tangible assets per share (RM)                                    0.67                  0.63



The Condensed Consolidated Balance Sheet should be read in conjunction with the audited
financial statements for the financial year ended 31 December 2004.
                                 FURNIWEB INDUSTRIAL PRODUCTS BERHAD
                                               (Company No: 541706-V)
                             QUARTERLY REPORT ON CONSOLIDATED RESULTS
                                        FOR THE SECOND QUARTER 2005


                              CONDENSED CONSOLIDATED INCOME STATEMENT
                              FOR THE SECOND QUARTER ENDED 30 JUNE 2005

                                                    INDIVIDUAL QUARTER                   CUMMULATIVE QUARTER
                                                  CURRENT PRECEDING YEAR               CURRENT PRECEDING YEAR
                                                    YEAR    CORRESPONDING                 YEAR   CORRESPONDING
                                                  QUARTER      QUARTER                  TO DATE      PERIOD
                                                  30/6/2005    30/6/2004               30/6/2005    30/6/2004

                                                   RM '000          RM '000              RM '000          RM '000

                                        Note

Revenue                                   A8           19,575                18,493          36,654                33,960

Operating expense                                     (17,655)            (15,030)          (32,929)            (28,011)

Other operating income                                      224                101                333                263

Profit from operations                                  2,144                 3,564           4,058                 6,212

Finance costs                                            (276)                (235)            (484)                (487)
Finance income                                             27                   24               49                   65

Share of profit of associated company                        (9)               116                104                194

Profit before taxation                    A8            1,886                 3,469           3,727                 5,984

Taxation                                  B4             (226)                (691)            (535)               (1,054)

Profit after taxation                                   1,660                 2,778           3,192                 4,930

Minority interest                                           (17)              (236)            (156)                (351)

                                                        1,643                 2,542           3,036                 4,579


Earnings per share                                    sen              sen                  sen              sen
Basic                                    B11             1.83                  3.18            3.37                  5.72
Diluted                                  B11             1.71                  3.18            3.17                  5.72




The Condensed Consolidated Income Statement should be read in conjunction with the audited financial statements for the
financial year ended 31 December 2004.
PRECEDING YEAR
CORRESPONDING
                                           FURNIWEB INDUSTRIAL PRODUCTS BERHAD
                                                         (Company No: 541706-V)


                       QUARTERLY REPORT ON CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
                                                  FOR THE SECOND QUARTER 2005

                              CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
                                          FOR THE SECOND QUARTER ENDED 30 JUNE 2005


                                                                                   --- Non distributable ---     Distributable
                                                                      Share             Share      Forex             Retained          Total
                                                                     capital         premium Fluctuation                profits
                                                                                                  Reserve
                                                                    RM'000            RM'000         RM'000            RM'000         RM'000

At 1 January 2004                                                    40,000             5,330             157            4,831         50,318

Share Issue Expenses                                                    -                   28             -                -              28

Forex Loss Not Recognised In Income Statement                           -                  -              752               -             752

Net Profit For The Period                                               -                  -               -             4,579          4,579

At 30 June 2004                                                      40,000             5,358             909            9,410         55,677

At 1 January 2005                                                    45,000               278             180           12,055         57,513

Share Issue Expenses                                                    -                      (3)         -                -              (3)

Forex Loss Not Recognised In Income Statement                           -                  -              438               -             438

Net Profit For The Period                                               -                  -               -             3,036          3,036

At 30 June 2005                                                      45,000               275             618           15,091         60,984




The Condensed Statement of Changes in Equity should be read in conjunction with the audited financial statements for the financial year ended
31 December 2004.
                        FURNIWEB INDUSTRIAL PRODUCTS BERHAD
                               (Company No: 541706-V)

           QUARTERLY REPORT ON CONSOLIDATED CASH FLOW STATEMENT
                        FOR THE SECONG QUARTER 2005

                   CONDENSED CONSOLIDATED CASH FLOW STATEMENT
                         FOR THE YEAR ENDED 30 JUNE 2005

                                                                                        30/6/2005          30/6/2004
                                                                                         RM'000             RM'000

Net cash generated from / (used in) operating activities                                         812               (167)

Net cash (used in) / generated from investing activities                                       (3,726)              108

Net cash generated / (outflow) from financing activities                                       5,551             (3,248)

Foreign translation differences                                                                  438               (122)

Net increased / (decreased) in cash and cash equivalents                                       3,075             (3,429)

Cash and cash equivalents at beginning of period                                              12,100             14,140

Cash and cash equivalents at end of period                                                    15,175             10,711

Cash and cash equivalents
     Cash and cash balances                                                                   13,698              4,446
     Deposit placed with licenced banks                                                        1,714              6,725
                                                                                              15,412             11,171
      Less : Deposit pledged                                                                    (237)              (460)
                                                                                              15,175             10,711


The Condensed Consolidated Cash Flow Statement should be read in conjunction with the audited financial statements for
the financial year ended 31 December 2004.

								
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