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									                              PEMBINAAN LIMBONGAN SETIA BHD
                                          (Company No : 160032-K)
                                         (Incorporated in Malaysia)


CONDENSED CONSOLIDATED INCOME STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2009
(These figures have not been audited)

                                                   Current                               Cumulative
                                               3 months ended                          12 months ended
                                        31.03.2009       31.03.2008             31.03.2009       31.03.2008
                                         RM'000            RM'000                RM'000           RM'000

Revenue                                         1,505             11,444             19,748             35,103
Cost of sales                                  (3,185)            (9,547)           (17,971)           (29,738)
Gross (loss) / profit                          (1,680)             1,897              1,777              5,365

Interest income                                   191                    295            658                533
Other income                                      162                    214          1,146              1,076
Administrative expenses                        (1,856)                (2,607)        (6,750)            (8,993)
Finance cost                                     (345)                  (338)        (1,327)            (1,348)

(Loss) / Profit before taxation                (3,528)                 (539)         (4,496)            (3,367)
Taxation                                          989                   773             872                706
(Loss) / Profit after taxation                 (2,539)                  234          (3,625)            (2,661)

Attributable to:
 Equity holders of the parent                  (2,026)                 (102)         (3,127)            (3,094)
 Minority interest                               (513)                  336            (497)               433
(Loss) / Profit for the period                 (2,539)                  234          (3,625)            (2,661)

Loss per share
 Basic (Sen)                                    (0.62)                 (0.03)         (0.96)             (0.95)
 Diluted (Sen)                                   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 31 March 2008.




                                                   -1-
                               PEMBINAAN LIMBONGAN SETIA BHD
                                               (Company No : 160032-K)
                                               (Incorporated in Malaysia)


CONDENSED CONSOLIDATED BALANCE SHEET AT 31 MARCH 2009
(These figures have not been audited)

                                                                               (Unaudited)       (Audited)
                                                                            31 March 2009    31 March 2008
                                                                                  RM'000           RM'000
ASSETS
Non-current assets
   Property, plant and equipment                                                   55,189          37,883
   Prepaid lease payments                                                           9,326           9,932
   Investment properties                                                              518             531
   Forest plantation project                                                       30,766          31,109
   Deferred interests                                                              11,675          12,894
   Goodwill on Consolidation                                                        1,223           1,223
                                                                                  108,697          93,572
Current assets
   Amount due from contract customers                                                 368             606
   Inventories                                                                      5,986           2,469
   Assets classified as held for sale                                                 -             6,152
   Trade, other receivables and prepayment                                         12,843          13,592
   Tax recoverable                                                                    277             -
   Fixed deposits with licensed banks                                              18,815           7,435
   Cash and cash equivalents                                                       14,642          22,409
                                                                                   52,932          52,663

TOTAL ASSETS                                                                      161,629         146,235

EQUITY AND LIABILITIES
Equity attributable to equity holders of the parent
   Share capital                                                                   65,340          65,340
   Share premium                                                                    4,621           4,621
   Retained earnings                                                                  158           3,285
Shareholders' equity                                                               70,119          73,246
   Minority interests                                                               3,472           3,969
Total Equity                                                                       73,591          77,215

Non-current liabilities
   Borrowings                                                                       2,227             783
   Bank term loan                                                                  16,800             -
   Deferred tax liabilities                                                           347           1,047
   Amount due to Johor State Government                                            46,060          48,254
                                                                                   65,434          50,084
Current liabilities
   Trade and other payables                                                        19,148          15,819
   Amount due to Johor State Government                                             2,193           2,193
   Borrowings                                                                       1,262             911
   Taxation                                                                           -                13
                                                                                   22,604          18,936

Total liabilities                                                                  88,038          69,020
TOTAL EQUITY AND LIABILITIES                                                      161,629         146,235

Net assets per share attibutable to ordinary
equity holders of the parent (RM)                                                  0.2146          0.2242

The Condensed Consolidated Balance Sheets should be read in conjunction with the Annual Financial
Report for the Year Ended 31 March 2008.




                                                                  -2-
                                PEMBINAAN LIMBONGAN SETIA BHD
                                            (Company No : 160032-K)
                                            (Incorporated in Malaysia)



CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2009
(These figures have not been audited)


                                                                                           Minority    Total
                              Attributable to Equity Holders of the Parent                 Interest    Equity
                                Non-Distributable          Distributable
                               Share           Share         Retained
                               Capital       Premium         Earnings           Total
                              RM'000          RM'000         RM'000            RM'000      RM'000      RM'000

At 1 April 2007                    65,340         4,621             6,379       76,340         3,536     79,876

Net loss for the period                                            (3,094)       (3,094)        433      (2,661)


At 31 March 2008                   65,340         4,621             3,285       73,246         3,969     77,215



At 1 April 2008                    65,340         4,621             3,285       73,246         3,969     77,216

Net loss for the period                                            (3,127)       (3,127)       (497)     (3,625)


At 31 March 2009                   65,340         4,621                  158    70,119         3,472     73,591



   The Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the Annual
   Financial Report for the Year Ended 31 March 2008.




                                                          -3-
                           PEMBINAAN LIMBONGAN SETIA BHD
                                         (Company No : 160032-K)
                                         (Incorporated in Malaysia)



CONDENSED CONSOLIDATED CASH FLOW STATEMENT
FOR THE PERIOD ENDED 31 MARCH 2009
(These figures have not been audited)


                                                                          Cumulative Quarter
                                                                          Current      Preceding Year
                                                                             Year      Corresponding
                                                                          To Date               Period
                                                                      31 Mar 2009         31 Mar 2008
                                                                          RM'000               RM'000

Net cash inflow/(outflow) from operating activities                         (412)              14,306

Net cash inflow/(outflow) from investing activities                       (11,739)            (10,534)

Net cash inflow/(outflow) from financing activities                       16,795               (1,416)

Net increase/(decrease) in cash and cash equivalents                       4,644                2,356

Cash and cash equivalents at beginning of period                          28,813               26,457


Cash and cash equivalents at end of period                                33,457               28,813



Cash and cash equivalents included in the cash flow statement comprise the following balance
sheet amounts:
     Cash & bank balances                                                  14,642            16,409
     Short term deposits                                                       -              6,000
     Fixed deposits with licence banks                                     18,815             7,435
     Less: Deposits pledged                                                    -             (1,031)
                                                                           33,457            28,813
The Condensed Consolidated Cash Flow Statements should be read in conjunction with the Annual
Financial Report for the Year Ended 31 March 2008.




                                                  -4-
                       PEMBINAAN LIMBONGAN SETIA BHD
                                         (Company No : 160032-K)
                                         (Incorporated in Malaysia)




NOTES TO THE INTERIM FINANCIAL REPORT
FOR THE PERIOD ENDED 31 MARCH 2009
(These figures have not been audited)
1.   Basis of preparation
     The interim financial report is unaudited and has been prepared in accordance with the requirements of
     Financial Reporting Standars ("FRS")1342004 - "Interim Financial Reporting" and paragraph 9.22 of the
     Listing Requirements of Bursa Malaysia Securities Bhd. It should be read in conjunction with the
     audited financial statements of the Group for the financial year ended 31 March 2008.
     For the current financial year, the Group has adopted all the new and revised Financial Reporting
     Standards ("FRS") issued by Malaysian Accounting Standards Board which are relevant to its
     operations and effective for the financial periods beginning on or after 1 April 2008.

     The significant accounting policies and methods of computation adopted are consistent with those of
     the most recent audited financial statements for the year ended 31 March 2008 except for the adoption
     of FRS 139 - Financial Instruments:Recognition and Measurement which has been deferred and has not
     been adopted by the Group.

     The adoption of this new and revised FRS does not have any material effects on the financial
     statements of the Group and of the Company.

2.   Qualification of audit report of the preceding annual financial statements
     There was no qualification in the audited financial statements for the year ended 31 March 2008.

3.   Seasonal or cyclical factors
     The business operations of the Group are not affected by any significant seasonal or cyclical factors.
4.   Nature and amount of items affecting assets, liabilities, equity, net income, or cash flows that are
     unusual because of their nature, size or incidence
     There were no items affecting assets, liabilities, equity, net income or cash flows that are unusual
     because of their nature, size, or incidence.

5.   Changes in estimates of amounts reported in prior interim periods of the current financial year
     or in prior financial years
     There were no estimates reported in the prior interim periods of the current financial year or in prior
     financial years.
6.   Issuances, cancellations, repurchases, resale and repayments of debt and equity securities

     There were no issuance, cancellations, repurchases, resale and repayments of debt and equity securities
     for the Group during the current quarter and financial year-to-date.
7.   Dividend paid
     There was no dividend declared or paid for the current quarter ended 31 March 2009.



                                                    -5-
NOTES TO THE INTERIM FINANCIAL REPORT
FOR THE PERIOD ENDED 31 MARCH 2009
(These figures have not been audited)
8.   Segment information
                                                                                    12 months ended 31
                                                  3 months ended 31 March                       March
                                                          2009       2008            2009         2008
                                                      RM'000      RM'000           RM'000      RM'000
     Segment Revenue
        Construction                                              -       297                -     1,157
        Forest plantation                                 1,505       11,012        19,659       33,436
        Management service                                    -          135            90          510
                                                          1,505       11,444        19,749       35,103
        Elimination of inter-segment revenue                  -             -            -             -
        Total                                             1,505       11,444        19,749       35,103

     Segment Results - Profit before tax
        Construction                                     (1,115)        (796)       (2,136)      (3,948)
        Forest plantation                                (2,412)         255        (2,357)         577
        Management service                                   (1)           2            (4)           4
                                                         (3,528)        (539)       (4,497)      (3,367)
        Elimination                                           -            -             -            -
        Total                                            (3,528)        (539)       (4,497)      (3,367)

9.   Valuation of property, plant and equipment
     The valuations of land and buildings have been brought forward, without amendment from the
     previous annual report.

10. Material Events not reflected in the Financial Statements
     No transaction or event of a material or unusual nature had occurred between 31 March 2009 and the
     date of this announcement.

11. Changes in the Composition of the Company
     There were no changes in the composition of the Group during the current quarter.




                                                  -6-
NOTES TO THE INTERIM FINANCIAL REPORT
FOR THE PERIOD ENDED 31 MARCH 2009
(These figures have not been audited)
12. Changes in contingent liabilities
    Contingent liabilities of the Group as at 31 March 2009 comprise of:

                                                                                  Company    Group
                                                                                  RM’000     RM’000
        Performance bond to third party in respect of a project of a subsidiary       374        374

        Corporate guarantee to subsidiary in respect of purchasing machinery         2,385      2,385
        Corporate guarantee to subsidiary in respect of purchasing motor
                                                                                      699        699
        vehicle
        Corporate guarantee to subsidiary in respect of a term loan                 16,800     16,800
        Corporate guarantee for subsidiary in respect of repayment to State
                                                                                    48,253     48,253
        Government of Johor
                                                                                    68,511     68,511

13. Capital commitments
    There were no capital commitments for the Group during the current quarter.




                                                   -7-
                                   PEMBINAAN LIMBONGAN SETIA BHD
                                                  (Company No : 160032-K)
                                                  (Incorporated in Malaysia)



ADDITIONAL INFORMATION AS REQUIRED BY APPENDIX 9B OF BURSA MALAYSIA'S
LISTING REQUIREMENTS
FOR THE PERIOD ENDED 31 MARCH 2009
(These figures have not been audited)
1.   Review of performance
     For the current period ended 31 March 2009, the Group reported a revenue of RM19.7 million and loss before tax of
     RM4.5 million as compared with the revenue of RM35.1 million and loss before tax of RM3.4 million in the previous
     corresponding period. The forest plantation division recorded a decrease in revenue of RM13.8 million and loss before
     tax of RM2.9 million as compared with the preceding year period due to lower sales for the woodchip and timber
     products during the period. The construction division continues to maintain its lower operation and administration
     costs by recording a lower loss before tax of RM1.8 million against the preceding year period.


2.   Comparison with preceding quarter results
     For the current quarter ended 31 March 2009, the Group registered a lower revenue of RM1.5 million as compared
     with RM4.8 million in the previous quarter. The Group recorded a loss before tax of RM3.5 million for the current
     quarter as compared to RM0.6 million in the preceding quarter. This is in tandem with the decrease in the revenue due
     to slower sales of timber for the forest plantation division and lack of new project secured under construction division.


3.   Current year prospects
     Barring any unforseen circumstances, the Board anticipates that the Group's performance to remain challenging for
     the forthcoming financial year in view of the softer global market for the timber and timber-related product. The
     Group will continue its effort in expanding the oil palm plantation and diversifying into the business of manufacturing
     particle board for the forthcoming period. As for the construction division, the company will continue to seek for
     potential projects under the implementation of Government's stimulus packages and the Ninth Malaysia Plan.


     Todate, the company has planted approximately 1,822 hectares of oil palm. On the Acacia Mangium plantation,
     approximately 4,827 hectares have also been replanted in different phases as at 30 April 2009.


4.   Profit forecast
     Not applicable as no profit forecast was published.

5.   Tax expense

                                                                 3 months ended 31 March 12 months ended 31 March
                                                                        2009        2008      2009           2008
                                                                     RM'000      RM'000     RM'000        RM'000
     The tax expense comprises the following:
     Current tax expenses
       - current year provision                                          (817)          (777)         (700)             (710)
       - under/(over) provision of tax in prior years                    (172)              4         (172)                 4

                                                                         (989)          (773)         (872)             (706)
     The effective tax rate for the Group in the current quarter is higher than the statutory tax rate mainly due to certain
     expenses being disallowed for taxation purposes.

6.   Unquoted investments and properties
     There were no disposal of unquoted investment and/or properties during the current quarter.
7.   Quoted investments
     There were no purchases or disposals of quoted securities by the Group.




                                                                 8
ADDITIONAL INFORMATION AS REQUIRED BY APPENDIX 9B OF BURSA MALAYSIA'S
LISTING REQUIREMENTS
FOR THE PERIOD ENDED 31 MARCH 2009
(These figures have not been audited)
8.   Status of corporate proposal announced
a) CORPORATE PROPOSAL

    The Group has not announced any corporate proposals which have not been completed as at the date of this report.
 b) STATUS OF UTILISATION OF PROCEEDS RAISED FROM RIGHTS ISSUE (RI)_

     The status of the utilisation of the proceeds as at the date of this announcement from the Rights Issue is as follows:
                                                                                   Proposed
                                                                                  Utilisation
                                                                                   from the     Utilised to
                                                                                   proceed         date           Balance
                                                                                   RM '000       RM '000          RM '000
         Construction of Akademi Audit Negara                                           5,500         5,500                 0
         Working Capital                                                               37,169        26,039            11,130
         Expenses relating to Rights Issue *                                              891           891                 0
                                                                                   43,560       32,430                 11,130
     *   Unutilised expenses relating to Right Issue of RM409,000 has been reclassified to Working Capital
         The utilisation of Rights Issues proceeds has been further extented from 13 February 2009 to 13 February 2010 as
         per our announcement on 12 February 2009.

9.   Borrowing and debt securities
     Total group borrowings are as follows:                                                                             As at
                                                                                                                   31.03.2009
                                                                                                                     RM'000
     (a) Short term borrowings
         Amount repayable within one year
         Portion of hire purchase - unsecured                                                                           1,262
                                                                                                                        1,262
     (b) Long term borrowings
         Amount repayable after one year
         Portion of hire purchase - unsecured                                                                           2,227
         Bank term loan - secured                                                                                      16,800
                                                                                                                       19,027
         Total borrowings                                                                                              20,289
         The above borrowings are denominated in Ringgit Malaysia .

10. Long Term Creditor
    The Long Term Creditor represents the privatisation consideration payable to the State Government of Johor Darul
    Ta'zim in accordance with payment schedule stated in the Privatisation Agreement over a period of eighteen (18) years
    from 1 October 2001. The Privatisation Agreement is for the management, operation and maintenance of the Ladang
    Hutan Ulu Sedili in Johor Darul Ta'zim by the State Government of Johor Darul Ta'zim through Aramijaya Sdn Bhd,
    a 70% owned subsidiary.
11. Off balance sheet financial instruments
    During the financial year todate, the Group did not enter into any contracts involving off balance sheet financial
    instruments.




                                                                 9
ADDITIONAL INFORMATION AS REQUIRED BY APPENDIX 9B OF BURSA MALAYSIA'S
LISTING REQUIREMENTS
FOR THE PERIOD ENDED 31 MARCH 2009
(These figures have not been audited)
12. Changes in material litigation
    There are no changes with regards to the material litigation since the last annual report except for :
    The Company vs. Crystal Realty Sdn Bhd (“Crystal Realty”)

    On 25 October 2001, the Company commenced legal proceedings against Crystal Realty for breach of contract in
    connection with a sub-contract for works known as “Construction and Completion of the Proposed Kayan Bridge
    along Kuching/Lundu Road at Lundu Kuching Division Sarawak”, whereby the Company is claiming damages
    amounting to RM9,680,138.01 (excluding legal fees) and the value of material, alleged taken by the Crystal Realty of
    which the Company had documented to be RM1,774,777.66 and damages for trespass alleged committed by the
    Crystal Realty will be included in the Statement of Claim by amendment to the suit. Crystal Realty is counter-claiming
    a sum of RM701,910.00 (being the retention sum) and damages alleged incurred to be RM985,867.83.
    The Court has pronounced its judgment on 25 May 2009 and ruled that both the Company and Crystal Realty have
    failed to prove their case and counter claims hence dismissed both with no order as to costs.
13. Dividend recommended by Directors
    There was no dividend proposed for the quarter ended 31 March 2009.
14. Basic earnings per share
                                                                   Current        Preceeding     Current       Preceeding
                                                                     Year            Year          Year           Year
                                                                   Quarter         Quarter       To Date        To Date
                                                                  31.03.2009      31.03.2008    31.03.2009     31.03.2008
                                                                      RM'000         RM'000        RM'000          RM'000
    a)   Basic earnings per share
         Net loss for the period                                        (2,026)         (102)        (3,127)        (3,094)

         Weighted average number of ordinary shares in                '000           '000          '000           '000
         issue
         Ordinary shares issued at 1 April                             65,340         65,340        65,340          65,340

         Ordinary shares issued at 31 March                           326,700        326,700       326,700         326,700


         Basic loss per share (sen)                                      (0.62)        (0.03)         (0.96)         (0.95)
    b)   Diluted earnings per share
         Diluted earnings per share (sen)                             N/A            N/A           N/A            N/A

15. Authorisation for issue
    The interim financial statements were authorised for issue by the Board of Directors in accordance with the resolution
    of the director on 28th May 2009.
    PEMBINAAN LIMBONGAN SETIA BERHAD
    BY ORDER OF THE BOARD
    Date : 28th May 2009




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