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POS MALAYSIA BERHAD
UNAUDITED CONDENSED CONSOLIDATED INCOME STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2008
3 MONTHS ENDED YEAR TO DATE
30/9/2008 30/09/2007 30/9/2008 30/09/2007
RM'000 RM'000 RM'000 RM'000
Revenue 231,249 214,656 698,785 648,516
Operating expenses (205,216) (192,580) (607,118) (558,152)
Profit from operations 26,033 22,076 91,667 90,364
Other operating income 7,875 16,019 26,534 51,121
(Allowance) / reversal for diminution
in value of investment (206) (4,797) (9,131) 374
Finance cost (276) - (435) -
Share of results after tax of equity
accounted associate (201) (410) (604) (951)
Profit before tax 33,225 32,888 108,031 140,908
Taxation (7,357) (7,419) (26,648) (37,043)
Net profit for the period 25,868 25,469 81,383 103,865
Attributable to:
Equity holders of the Company 25,725 25,469 77,320 103,865
Minority shareholders 143 - 4,063 -
Net profit for the period 25,868 25,469 81,383 103,865
EPS - Basic (sen) 4.79 4.78 14.40 19.83
Comparative figures disclosed is after the completion of capital restructuring exercise on 28 August 2007.
(The Unaudited Condensed Consolidated Income Statements should be read in conjunction with Pos Malaysia
Berhad's Audited Financial Statements for the year ended 31 December 2007)
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POS MALAYSIA BERHAD
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET
AS AT 30 SEPTEMBER 2008
AS AT AS AT
30/9/2008 30/09/2007
RM'000 RM'000
ASSETS
Property, plant and equipment 216,829 218,146
Prepaid lease payments 274,749 217,133
Investment properties 15,071 15,071
Other investments 306,845 490,486
Investments in associates 438 1,271
Deferred tax assets 700 -
Total non-current assets 814,632 942,107
Other investments 52,085 37,273
Receivables, deposits and prepayments 180,054 180,250
Inventories 9,158 4,361
Current tax assets 1,384 61
Deposits, cash and bank balances* 625,269 192,878
Total current assets 867,950 414,823
TOTAL ASSETS 1,682,582 1,356,930
EQUITY
Share capital 268,513 268,369
Share premium 385 -
Reserves 608,754 728,548
Total equity attributable to equity holders of the Company 877,652 996,917
Minority Interests 4,063 -
881,715 996,917
LIABILITIES
Hire purchase creditors 23,123 -
Deferred tax liabilities 7,660 6,172
Total non-current liabilities 30,783 6,172
Payables and accruals 757,474 343,420
Current tax liabilities 6,991 10,421
Hire purchase creditors 5,619 -
Total current liabilities 770,084 353,841
Total liabilities 800,867 360,013
TOTAL EQUITY AND LIABILITIES 1,682,582 1,356,930
Net assets per share (RM) 1.63 1.86
*Deposits, cash and bank balances included in the unaudited condensed consolidated cash flow statements
comprise the following amounts:
AS AT AS AT
30/9/2008 30/09/2007
RM'000 RM'000
Cash and bank balances 95,112 85,139
Deposits 530,157 107,739
Total deposits, bank and cash balances 625,269 192,878
Less:
Cash held for the purpose of distribution of fuel rebate** (399,670) -
Collections held on behalf of agencies** (111,052) (110,866)
Total cash and cash equivalents 114,547 82,012
** This amount is included under "payables and accruals" balances.
(The Unaudited Condensed Consolidated Balance Sheet should be read in conjunction with Pos Malaysia
Berhad's Audited Financial Statements for the year ended 31 December 2007)
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POS MALAYSIA BERHAD
UNAUDITED CONDENSED CONSOLIDATED CASH FLOW STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2008
30/9/2008 30/09/2007
RM'000 RM'000
Net profit before tax 108,031 140,908
Adjustments for non-cash flow:-
Non-cash items 32,714 31,410
Non-operating items (10,307) (40,125)
Operating profit before changes in working capital 130,438 132,193
Changes in working capital
Net change in current assets (31,840) (9,171)
Net change in current liabilities (4,790) (18,088)
93,808 104,934
Tax paid (31,504) (43,071)
Net cash flows generated from operating activities 62,304 61,863
Investing activities
- Effect of capital restructuring, net of cash acquired - (482,591)
- Net acquisition of property, plant and equipment (48,930) (116,701)
- Proceeds from disposal of investments 21,841 44,248
- Investment income received 829 1,159
- Interest income received 14,377 31,722
(11,883) (522,163)
Financing activities
- Proceeds from issue of share capital 529 -
- Dividend paid (59,589) -
- Repayment of hire purchase creditors (1,763) -
- Interest expense (435) -
(61,258) -
Net change in cash & cash equivalents (10,837) (460,300)
Cash & cash equivalents at beginning of period 125,384 542,312
Cash & cash equivalents at end of period* 114,547 82,012
* Cash and cash equivalents included in the unaudited condensed consolidated cash flow statements comprise the
following balance sheet amounts:
30/9/2008 30/09/2007
RM'000 RM'000
Cash and bank balances 95,112 85,139
Deposits 530,157 107,739
Total deposits, cash and bank balances 625,269 192,878
Less:
Cash held for the purpose of distribution of fuel rebate (399,670) -
Collections held on behalf of agencies (111,052) (110,866)
Total cash and cash equivalents 114,547 82,012
(The Unaudited Condensed Consolidated Cashflow Statements should be read in conjunction with Pos Malaysia
Berhad's Audited Financial Statements for the year ended 31 December 2007)
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POS MALAYSIA BERHAD
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 SEPTEMBER 2008
Attributable to equity holders of the Company
Share Share Retained Minority
Capital Premium Profits Interests Total
RM'000 RM'000 RM'000 RM'000 RM'000
PERIOD ENDED 30/9/2008
Balance at beginning of period 268,369 - 591,023 - 859,392
Issue of shares 144 385 - - 529
Dividend - - (59,589) - (59,589)
Net profit for the period - - 77,320 4,063 81,383
Balance at end of period 268,513 385 608,754 4,063 881,715
PERIOD ENDED 30/9/2007
Balance at beginning of period 98,232 - 839,777 938,009
Reserves arising from capital
restructuring exercise - - (44,957) (44,957)
Bonus issue 170,137 - (170,137) - -
Net profit for the period - - 103,865 103,865
Balance at end of period 268,369 - 728,548 - 996,917
(The Unaudited Condensed Consolidated Statements of Changes in Equity should be read in conjunction with Pos
Malaysia Berhad's Audited Financial Statementst for the year ended 31 December 2007)
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