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					                            GUNUNG CAPITAL BERHAD (Company no. 330171-P)


        UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET AS AT 30TH JUNE 2009
                                                                    As at                                 As at
                                                                30 JUNE 2009                       31 DECEMBER 2008
                                                               (UNAUDITED)                             (AUDITED)
                                                                   RM'000                                RM'000
ASSETS
Non-current assets
    Property, plant & equipment                                             1,948                             2,012
    Prepaid Lease Payments                                                  8,215                             8,304
    Investment property                                                     3,903                             3,903
    Other investments                                                         278                               278
    Goodwill                                                                  657                               657
Total Non-current assets                                                   15,001                            15,154
Current Assets
    Inventories                                                               614                               594
    Trade receivables                                                      12,343                            10,300
    Other receivables, deposits & prepayments                                 927                             1,951
    Cash and bank balances                                                    119                               175
Total current assets                                                       14,003                            13,020

TOTAL ASSETS                                                               29,004                            28,174

EQUITY AND LIABILITIES
Capital and reserves
    Share Capital                                                          50,354                            50,354
    Reserve                                                               (30,564)                          (30,529)
Total equity                                                               19,790                            19,825
Non-current liabilities
    Deferred taxation                                                         134                              134
Current liabilities
    Trade payables                                                          2,922                               367
    Other payables and accruals                                               161                             1,217
    Bank borrowings                                                         5,997                             6,631
Total current liabilities                                                   9,080                             8,215
Total liabilities                                                           9,214                             8,349

TOTAL EQUITY AND LIABILITIES                                               29,004                            28,174


Net Assets per Ordinary Share of RM1.00 each (RM)                           0.393                             0.394

(The Condensed Consolidated Balance Sheet should be read in conjunction with the Annual Financial Report
for the year ended 31st December 2008)
                               GUNUNG CAPITAL BERHAD (Company no. 330171-P)


UNAUDITED CONDENSED CONSOLIDATED INCOME STATEMENTS FOR THE SIX MONTH
                        PERIOD ENDED 30TH JUNE 2009

                                                   INDIVIDUAL QUARTER                    CUMULATIVE QUARTER
                                                 Current      Preceding Year            Current   Preceding Year
                                                   Year       Corresponding               Year    Corresponding
                                                 Quarter         Quarter                To-Date       Period
                                                30/06/2009      30/06/2008             30/06/2009   30/06/2008

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

Revenue                                               9,403               13,626           17,269              27,920
Other income                                              8                    5               16                  11


Profit from Operations                                   63                  147               75                   312

Finance Cost                                            (59)                (111)            (110)               (215)


Profit/(loss) before income tax                             4                  36             (35)                   97

Income tax                                              -                     -               -                     -

Profit/(loss) for the period                                4                  36             (35)                   97

Earnings per share (sen)
- Basic                                                0.01                  0.07           (0.07)               0.19
- Diluted                                              N/A                   N/A             N/A                 N/A



(The Condensed Consolidated Income Statements should be read in conjunction with the Annual Financial Report
for the year ended 31st December 2008)
                                    GUNUNG CAPITAL BERHAD (Company no. 330171-P)


UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE
SIX MONTH PERIOD ENDED 30TH JUNE 2009

                                                Share                Share               Accumulated
                                                Capital             Premium                 Losses         Total

Balance as at 1 January 2009                        50,354                  100                (30,629)      19,825

Net loss for the quarter                                  -                 -                      (35)            (35)

Balance as at 30 June 2009                          50,354                  100                (30,664)      19,790       (30,564.00)




                                                Share                Share               Accumulated
                                                Capital             Premium                 Losses         Total

Balance as at 1 January 2008                        50,354                  100                (30,776)      19,678

Net Profit for the year                                   -                 -                      147             147

Balance as at 31 December 2008                      50,354                  100                (30,629)      19,825


(The Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the Annual
Financial Report for the year ended 31st December 2008)
                                   GUNUNG CAPITAL BERHAD (Company no. 330171-P)


UNAUDITED CONDENSED CONSOLIDATED CASH FLOW STATEMENT FOR THE SIX
MONTH PERIOD ENDED 30TH JUNE 2009

                                                                        Current Year                  Preceding Year
                                                                        30 JUNE 2009                  30 JUNE 2008

                                                                           RM'000                         RM'000
Cash flows from operating activities
    Profit / (Loss) before taxation                                                   (35)                          97

     Adjustments for non-cash flow:
         Depreciation                                                                153                           153
         Interest expense                                                            110                           215
     Operating profit before working capital changes                                 228                           465

     Changes in working capital:
         Net change in current assets                                              (1,039)                      4,476
         Net change in current liabilities                                          1,497                      (4,798)

     Cash generated from/ (used in) operations                                       687                           143

     Interest paid                                                                  (110)                          (215)
     Income tax paid                                                                 -                               (1)

     Net cash generated from/ (used in) used in operating activities                 577                            (73)

     Cash Flows from Investing Activities

     Proceeds from disposal of property, plant and equipment                         -                              -
     Purchase of property, plant & equipment                                         -                              -
     Repayment from Bankers Acceptance                                              (298)                          (170)

                                                                                     279                           (243)

     Cash Flows from financing activities

     Repayment of hire purchase installment                                           -                             -

Net increase/(decrease) in cash and cash equivalents                                 279                           (243)

Cash and cash equivalents at beginning of financial period                          (215)                          (161)
Cash and cash equivalents at end of period                                            64                           (404)

Cash and cash equivalents at the end of financial period comprise the following:

                                                                        Current Year                  Preceding Year
                                                                        30 JUNE 2009                  30 JUNE 2008

                                                                           RM'000                         RM'000

Cash and bank balances                                                               119                             41
Bank overdrafts                                                                      (55)                          (445)
                                                                                      64                           (404)

(The Condensed Consolidated Cash Flow Statement should be read in conjunction with the Annual Financial
Report for the year ended 31st December 2008)
                                        GUNUNG CAPITAL BERHAD (Company no. 330171-P)


INTERIM REPORT FOR THE FINANCIAL PERIOD ENDED 30 JUNE 2009

Part A - Explanatory Notes Pursuant to FRS 134

A1.    Accounting Policies
       This interim report is unaudited and has been prepared in accordance with Financial Reporting Standard (FRS) 134, Interim Financial
       Reporting, and paragraph 9.22 of the Listing Requirements of Bursa Malaysia Securities Bhd (“BMSB”) and should be read in conjunction
       with the Group's audited financial statements for the year ended 31 December 2008.

       The accounting policies and methods of computation adopted in the condensed financial statements are consistent with those adopted for the
       annual financial statements for the year ended 31 December 2008.

A2.    Change in accounting policies
       The significant accounting policies and methods of computation adopted by the Group in this interim financial report are consistent with
       those of the audited financial statements for the year ended 31 December 2008 except for the adoption of the following revised Financial
       Reporting Standards (FRSs) effective for accounting periods beginning on or after 1 January 2009:

       - FRS 107 : Cash Flow Statements
       - FRS 112 : Income Taxes
       - FRS 118 : Revenue
       - FRS 134 : Interim Financial Reporting
       - FRS 137 : Provisions, Contigent Liabilities and Contigent Assests

       The adoption of these revised standards does not result in significant changes in accounting policies of the Group.

A3.    Seasonal or Cyclical Factors
       The Group’s operations are generally not affected by any seasonal or cyclical factors.

A4.    Unusual Items Affecting Financial Statements
       There were no unusual items affecting the assets, liabilities, equity, net income or cash flows of the Group during the current financial
       quarter.

A5.    Change in Accounting Estimates
       There were no changes in estimates that have a material effect on the current quarter results.

A6.    Debt and Equity Securities
       There were no issuances, cancellations, repurchases, resales nor repayments of equity securities or debt securities, share buy back during the
       current financial quarter.

A7.    Dividend Paid
       No dividend was paid in the current financial quarter.

A8.    Segmental Information
       No segmental reporting has been prepared as the Group is solely involved in trading and operates principally in Malaysia.

A9.    Valuations of Property, Plant and Equipment
       The valuations of property, plant and equipment have been brought forward without amendment from the latest annual audited financial
       statements.

A10. Events Subsequent to the Balance Sheet Date
     There were no material events subsequent to the end of the current quarter ended 31 December 2008 that have not been reflected in the
     interim financial statements.

A11. Changes in the Composition of the Group
     There were no changes in the composition of the group during the current financial quarter.

A12. Changes in Contingent Liabilities
     There were no changes in the contingent liabilities since 31 December 2008.

A13. Capital Commitments
      The Group does not have any capital commitments which are not provided for in the interim financial statements as at 31 December 2008.


A14. Significant Related Party Transactions
                                                                                                    6 months ended
                                                                                                        30.06.2009
                                                                                                           RM'000
      Sales of latex concentrate to related company
      - Latexx Manufacturing Sdn. Bhd.                                                                      17,269

      Mr Low Bok Tek is deemed to have substantial shareholding in Latexx Manufacturing Sdn. Bhd. Mr Low Bok Tek is a director of Latexx
      Manufacturing Sdn. Bhd.

      All the above transactions were carried out on terms and conditions not materially different from those obtainable in transactions with
      unrelated parties and in the ordinary course of business of the Group.
                                        GUNUNG CAPITAL BERHAD (Company no. 330171-P)


Part B - Explanatory Notes Pursuant to Appendix 9B of the Listing Requirements of Bursa Malaysia Securities Berhad

B1.   Review of the Performance of the Company and its Principal Subsidiaries
      For the quarter ended 30th June 2009, the Group posted revenue of RM 9.403 million and pre-tax profit of RM4,000.00.

      The group's year to date turnover was RM 17.269 million as compared to RM 27.92 million last year. The decrease in revenue is mainly due
      to the decline in the latex concentrate trading business. As of year to date the group recorded a pre-tax loss of RM 35,000.00 as compared to
      a pre-tax profit of RM 97,000.00 last year.

B2.   Material Changes in the Quarterly Results
      The Group’s total revenue for this quarter increased to RM9.403million compared to the preceding quarter of RM 7.866 million, mainly due
      to increase in volume sold. The Group recorded profit before tax of RM4,000.00 for this quarter as compared to a loss of RM39,000.00 in the
      preceding quarter.

B3.   Commentary on Prospects
      The board anticipates prospects for next year would be even more challenging as the effects of global economic downturn is likely to
      continue into 2010. The board will focus on its current business and explore other business opportunities to further enhance
      the profitability of the group.

B4.   Profit Forecast / Profit Guarantee
      The Group did not issue any profit forecast or profit guarantee.

B5.   Tax expense
                                                                                                           Current quarter                   Year to-date

                                                                                                               30.06.2009                     30.06.2009
                                                                                                                  RM'000                         RM'000
      Provision for taxation based on current year's results                                                          -                              -
                                                                                                                      -                              -

      The effective tax rate of the Group is less than the statutory income tax rate due to the availability of tax losses brought forward
      to offset against current profit of certain subsidiaries.

B6.   Profit/ (Loss) on the Sale of Unquoted Investments and/or Properties
      There were no sale of unquoted investment and/or properties for the current financial quarter.

B7.   Quoted Securities
      There were no sale of quoted investment for the current financial quarter.

B8.   Status of Corporate Proposals Announced But Not Completed
      There were no corporate proposals previously announced that were not completed as at the date of this announcement.

B9.   Borrowings and Debt Securities
      The Group’s borrowings as at 30 June 2009, all of which were denominated in Ringgit Malaysia are as follows:

      Short Term                        RM'000

      - Banker Acceptance                 5,942
      - Bank Overdraft                       55

                                          5,997

      All the bank borrowings are short term and secured by the following:-
      -       Legal charge over the subsidiary company’s leasehold property; and
      -       Corporate guarantee of the Company
                                         GUNUNG CAPITAL BERHAD (Company no. 330171-P)


B10. Off Balance Sheet Financial Instruments
     There were no material off balance sheet financial instruments for the period under review.


B11. Material Litigation
     Save as disclosed below, the Group is not involved in any other material litigation.

       Seal Polymer Industries Berhad (“Plaintiff”) vs. Gunung Resources Sdn Bhd ("Defendant")

       (i) Gunung Resources Sdn Bhd (“GRSB”), a wholly owned subsidiary of the Company, was served with a Summons
       and Statement of Claim on 19 September 2006 by Seal Polymer Industries Berhad (“Plaintiff”) for allegedly failing to refund
       a sum of deposits of RM928,000 paid by Plaintiff to GRSB together with interest pursuant to the Sales & Purchase
       Agreements dated 17 August 2004 for an intended purchase of one of GRSB's leasehold property that has lapsed.

       On 25 October 2007, the High Court in Taiping allowed the Plaintiff's application for summary judgement for the refund of
       10% deposit paid by Plaintiff to the Defendant together with interest/damages/costs.The Company's solicitors had filed
       an appeal to the Court of Appeal against the decision and application for stay of execution of the summary judgement
       on ground that there appears to have many triable issues.

       GRSB had on 16 November 2007 received a notice pursuant to Section 218 of the Companies Act, 1965 ("the Notice") from
       Plaintiff's solicitors. The Company's solicitors had obtained an interim stay of execution of the Court Order dated 25 October
       2007 given against GRSB as ordered by the Judge in Taiping High Court on 6 December 2007 until the hearing of the stay of
       execution application which was fixed on 21 January 2008.

       On 21 January 2008, the Company's solicitors have obtained a stay of all proceedings or execution by the Plaintiff against
       GRSB on the summary judgement dated 25 October 2007 until the decision of GRSB's appeal at the Court of Appeal.
       GRSB has instructed its solicitors to apply to court to strike out the Notice for abuse of process as it is highly improper,
       irregular, void of merits and oppressive in nature and seek damages and losses suffered by GRSB from the Plaintiff in relation
       to the issuance of the notice.

       On 23 June 2008, the Plaintiff has applied to the High Court Judge for the Order for Stay of Execution granted on 21 January
       2008 to be set aside. On 11 December 2008 GRSB's application for stay for execution against summary judgement order dated
       25 October 2007 was dismissed by high court judge. As the appeal in the court of appeal is still pending, GRSB has instructed their
       solicitors to apply to the court of appeal for stay of execution by way of Notice of Motion. On 21 January 2009 , the Court of Appeal
       has ordered that any winding-up proceedings by Seal Polymer Industries Berhad pursuant to the Taiping High Court Order dated
       25/10/2007 will be stayed with immediate effect and until the disposal of the Appeal before the Court of Appeal.

       The Honourable Court of Appeal has also ordered that sum of RM928,000.00 to be deposited into a joint account with the
       Respondents' Solicitors until the outcome of the Appeal before the Court of Appeal.

B12. Dividend
     No dividend has been recommended.

B13. Earnings Per Share
  (a) Basic Earnings Per Share are calculated by dividing the net profit for the period by the weighted average number of ordinary
      shares in issue during the period.

                                                     Quarter
                                                      ended              YTD ended
                                                    30/06/2009           30/06/2009
                                                     RM’000               RM’000
       Net Profit/(Loss) attributable to equity               4                       (35)
       holders of the parent.

       Weighted average no. of ordinary shares           50,354                    50,354


       Basic Earnings Per Share (sen)                      0.01                     (0.07)

   (b) Diluted Earnings Per Share
       The diluted earnings per share are not disclosed as their effects on the basic earnings per share are anti-dilutive.
.

				
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