Sample Financial

Sample of Good Assignment

FACULTY OF BUSINESS AND MANAGEMENT

JANUARI 2012

BBPW 3103

FINANCIAL MANAGEMENT 1

SAMPLE

MATRICULATION NO :

IDENTITY CARD NO. :

TELEPHONE NO. :

E-MAIL :

LEARNING CENTRE :


Table of Contents

1.0 Introduction ..................................................................................................................3

1.1 Company Background ................................................................................................3

1.1.1 Hup Seng Industries Bhd ............................................................................................3

1.1.2 Ahmad Zaki Resources Bhd .......................................................................................5

2.0 The Liquidity and Leverage Ratio Calculations .......................................................7

Hup Seng Industries Bhd .....................................................................................................9

Ahmad Zaki Resources Bhd ..............................................................................................11

3.0 The Analysis of Companies Financial Position .......................................................13

3.1 Detail Analysis of HSIB Liquidity and Leverage Ratio ..............................................15

3.2 Detail Analysis of AZRB Liquidity and Leverage Ratio .............................................20

4.0 The Differences of Companies Financial Position ..................................................25

5.0 Conclusion ..................................................................................................................27

APPENDIX .......................................................................................................................29

6.0 References ...................................................................................................................35


1.0 Introduction

One way to evaluating company financial position or performance is by calculating financial

ratios. Ratios are simply relationships between two financial balances or financial calculations.

These relationships establish for company references to manage and performing appropriately.

Since the purpose of this assignment is to evaluate and analyze the liquidity and leverage

position of Bursa Malaysia listed companies, I’ve choose a company which involves in consumer

product and construction sector. The names of the companies are Hup Seng Industries Bhd. and

Ahmad Zaki Resources Bhd. The background and details are as explain below;

1.1 Company Background

1.1.1 Hup Seng Industries Bhd.

The Hup Seng Industries Bhd. (HSIB) was incorporated on 04 October 1991 under Company

Act 1965(Company No: 226098-P). The principal activities are manufacture and sales of biscuits

and coffee mix, and dealers in biscuits, confectionery, and other foodstuff. HSIB are leading

manufacture in consumer sector have been honour with numerous awards such as MS ISO 9002

Quality System Certification, MS ISO 9001:2000 Quality System Certification, HACCP (Hazard

Analysis Critical Control Points) and BRC (British Retail Consortium) Certification.

Furthermore, the summary of company important information as stated in as stated in Table 1.0.

Elements Details

Company Legal

Address

Suite 6.1a Level 6, Menara Pelangi, Jalan Kuning,

Taman Pelangi, Johor Bahru

80400 JOHOR DARUL TAKZIM

Type Public Limited Company

Incorporation Date 4 October 1991

Manufacture and

Sales

Cream Crackers, Crackers, Marie Biscuits, Sandwiches, Cookies and

Assorted Biscuits

Financial Auditors Ernst & Young (2011)


Financial

Information

Turnover, Profit After Tax And Net Earnings Per Share (Sen.) For The Year

2005 Until 2009.

Vision To establish an integrity and profitable business for our

customers, shareholders and suppliers.

Mission Create products that signify good quality, service, & management

for the benefits & pleasures of our customers.

To build a range of products known for its competitive pricing.

Build a brand one product at a time based on ISO 9002.

Products Some of the product manufacture by HSIB:


1.1.2 Ahmad Zaki Resources Bhd.

The Ahmad Zaki Resources Bhd. (AZRB) was incorporated on 26 May 1997 under Company

Act 1965(Company No: 432768-X). The principal activities are contractors of civil and

structural contract. At beginning, AZRB contracting job was landscaping works for a housing

project owned by Terengganu State Economic Development Corporation in Kemaman,

Terengganu. AZRB obtained licensing a Class 'A' contractor and now approximately 2 (two)

Billion Ringgit worth of projects, consisting of various types of buildings and civil engineering

works successfully completed. AZRB also have 3 overseas projects need complete in year 2015

such as in Chennai, India and two in Riyadh, Saudi Arabia. Furthermore, the summary of

company important information as stated in as stated in Table 1.1.


Elements Details

Company Legal

Address

6 Jalan Bangsar Utama 9,

Bangsar Utama, Kuala Lumpur,

59000 WILAYAH PERSEKUTUAN

Type Non-Liability Limited Company

Incorporation Date 26 May 1997

Manufacture and

Sales

Contractors Of Civil And Structural Contract

Financial Auditors Moore Stephens AC (2010)

Financial

Information

Revenue,Shareholder Funds, Profit/(Loss) before Taxation and Net Tangible

Assets Per Share for The Year 2005 Until 2009.

Vision Trusted industry leader in delivering commitment with excellence

and value.


Mission Smart partnership with customers, employees and stakeholders.

Institutionalize the virtues of honesty and trust.

Setting and maintaining high standards; striving for superior

performance in all undertakings.

Being pro-active through continuous research and development in

meeting challenges.

Products Some of the completed projects of AZRB:

Indoor Stadium, Mosque,

Kuala Terengganu Jalan Duta

2.0 The Liquidity and Leverage Ratio Calculations

The calculation of liquidity and leverage financial ratio for Hup Seng Industries Bhd. (consumer)

and Ahmad Zaki Resources Bhd. (construction) computed based on values taken from statement

of Financial Position and statement of Comprehensive Income. The summary of HSIB and

AZRB companies financial statement and income statement year 2005 until 2009 stated in

Appendix 1.0. The detail workings and performance indicator result shows in Table 1.2 Hup

Seng Industries Bhd. (consumer) and Table 1.3 Ahmad Zaki Resources Bhd. (construction). To

measure companies liquidity and leverage level, calculated a few ratios as stated Chart 1.0 and

Chart 1.1.


Leverage

Debt Ratio

Equity Multiplier Debt to Equity

Ratio

Interest Coverage Ratio

LiquidityNet Working

Capital

Average Collection

Period

Account Receivables Turnover

Quick Ratio

Current Ratio

Inventory Turnover

Chart 1.0

Chart 1.1


Table 1.2

The Calculation of Liquidity and Leverage Ratio for Company

Hup Seng Industries Bhd.



Table 1.3

The Calculation of Liquidity and Leverage Ratio for Company

Ahmad Zaki Resources Bhd.



3.0 The Analysis of Companies Financial Position

In order to measure those companies financial position, liquidity and leverage ratios are applied. Liquidity ratio determines ability

companies to repay short-term creditors out of its total cash. The liquidity ratio is the result of dividing the total cash by short-term

borrowings. It shows the number of times short-term liabilities are covered by cash. Apart from this, leverage ratio allows companies

to increase the potential gains or losses on a position or investment beyond what would be possible through a direct investment of its

own funds. The compliance summary liquidity and leverage ratio analysis for Hup Seng Industries Bhd. and Ahmad Zaki Resources

Berhad. as stated in Table 1.4 and Table 1.5.



3.1 Detail Analysis of Hup Seng Industries Bhd. Liquidity and Leverage Ratios

Graph 1.0

Net Working Capital Trend

Graph above showing Net Working Capital and average RM42.74 million indicate HSIB higher

than industry average (RM42, 700) for the year 2005 until 2009. The company able to settle its

short-term debts and maintained or expand day-to-day operation.

2005 2006 2007 2008 2009

Net Working Capital 35.52 37.97 32.97 43.47 63.76

0

10

20

30

40

50

60

70

RM

(M

il)


Graph 1.1

The Trend of Current, Quick, Account Receivables Turnover and Inventory Ratio

Based on the graph, HSIB decrease the current ratio for the past 5 years but still compliance with

industry average. This shows that company short term assets have managed to meet their

short term creditors and obligations. Besides, they also managed to achieve a good current

ratio flow after year of 2008. In overall the company maintained a good liquidity

performance for current ratio with an average ratio of 2.25 achieved for the last 5 years

from year 2005-2009.

Quick Ratio for HSIB was at highest in the year 2009 (at a ratio of 4.94) and they were

at lowest in the year 2006 (at a ratio of 1.54). The company achieved a best positioning

in the current year of 2009 as they were able to meet their short term obligations with

their most liquid assets. In overall, the company maintained a good quick ratio with an

average ratio of 1.49 from year 2005-2009 (industry average 1.43).

2005 2006 2007 2008 2009

Current Ratio 2.73 2.31 1.98 1.99 2.25

Quick Ratio 1.96 1.54 1.19 1.32 1.42

Account Receivables Turnover 6.82 6.94 6.36 7.39 7.1

Inventory Turnover 5.92 7.92 6.95 6.3 7.01

0

1

2

3

4

5

6

7

8

9

Tim

es

Year

Current Ratio Quick Ratio Account Receivables Turnover Inventory Turnover


Account Receivables Turnover for HSIB is unsatisfactory level compared the industry average

which is less than 8.24 times. This may shows the company unable to manage credit collection in

order to collect all the revenues. In overall, the company maintained a business inefficiency

with an average ratio of 6.92 times from year 2005-2009.

Inventory Turnover for HSIB maintained much better with average 6.82times (industry average

6.6 times) from year 2005-2009 which means company does not keep any surplus of inventory.

Graph 1.2

The Trend of Average Collection Turnover

Average collection turnover for HSIB is unsatisfactory with average 52.13 days (industry

average 44.3 days) which means company takes longer time to collect debts from their

customers.

2005 2006 2007 2008 2009

Average Collection Period 50.7 48.71 56.6 51.87 52.79

44

46

48

50

52

54

56

58

Day

s


Graph 1.3

The Trend of Equity Multiplier and Interest Coverage Ratio

Average Equity Multiplier for HSIB is satisfactory with average 1.36 times (industry average

less than1.67) from year 2005-2009. This shows that company assets via equity is higher

compared other constructions companies.

Interest coverage ratio for HSIB is satisfactory with average 13,823.64 times (industry average

more than 4.3 times) from year 2005-2009. This shows company has higher ability to make

interest payment regularly by using operation income.

2005 2006 2007 2008 2009

Equity Multiplier 1.33 1.44 1.37 1.34 1.32

Interest Coverage Ratio 63.21 7972.44 997.45 2987.04 57098.07

0

10000

20000

30000

40000

50000

60000Ti

me

s

Year

Equity Multiplier Interest Coverage Ratio


Graph 1.4

The Trend of Debt Ratio and Debt to Equity Ratio

Debt Ratio for HSIB is satisfactory with average 26.25 % (industry average less than 40%) from

year 2005-2009. This means company able to settle off interest and principal loans.

Debt to Equity Ratio for HSIB is satisfactory with average 7.77 % (industry average less than

50%) from year 2005-2009. This means companies not rely on long-term creditor supplied fund

than owner supplied funds.

2005 2006 2007 2008 2009

Debt Ratio 25.62% 29.10% 27.02% 25.21% 24.30%

Debt to Equity Ratio 8.77% 8.57% 8.08% 7.28% 6.15%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%P

erc

en

tage

(%

)

Year

Debt Ratio Debt to Equity Ratio


3.2 Detail Analysis of Ahmad Zaki Resources Berhad. Liquidity and Leverage Ratios

Graph 1.5

Net Working Capital Trend

Graph above showing Net Working Capital and average RM140.88 million indicate AZRB

higher than industry average (RM42, 700) for the year 2005 until 2009. The company able to

settle its short-term debts and maintained or expand day-to-day operation.

2005 2006 2007 2008 2009

Net Working Capital 136.1 130.57 153.22 176.1 108.39

0

20

40

60

80

100

120

140

160

180

200

RM

(M

il)


Graph 1.6

The Trend of Current, Quick, Account Receivables Turnover and Inventory Ratio

Based on the graph, AZRB decrease the current ratio for the past 5 years and shows company not

compliance with industry average (2.05> times). This shows that company short term assets

not able to meet their short term creditors and obligations. In overall the company

maintained a bad liquidity performance for current ratio with an average ratio of 1.48

times for the last 5 years from year 2005-2009.

Quick Ratio for AZRB was at highest in the year 2005 (at a ratio of 1.62) and they were

at lowest in the year 2009 (at a ratio of 1.23). The company not positioning good in the

current year of 2009 as they were not able to meet their short term obligations with their

most liquid assets. In overall, the company maintained a bad quick ratio with an average

ratio of 1.41 from year 2005-2009 (industry average 1.43).

2005 2006 2007 2008 2009

Current Ratio 1.7 1.48 1.42 1.52 1.28

Quick Ratio 1.62 1.4 1.37 1.46 1.23

Account Receivables Turnover 7.1 1.8 1.82 2.16 1.44

Inventory Turnover 12.86 36 36.54 45.43 32.61

0

5

10

15

20

25

30

35

40

45

50

Tim

es

Year

Current Ratio Quick Ratio Account Receivables Turnover Inventory Turnover


Account Receivables Turnover for AZRB is unsatisfactory level compared the industry average

which is less than 8.24 times. This may shows the company unable to manage credit collection in

order to collect all the revenues. In overall, the company maintained a business inefficiency

with an average ratio of 2.86 times from year 2005-2009.

Inventory Turnover for AZRB maintained much better with average 32.69 times (industry

average 6.6 times) from year 2005-2009 which means company does not keep any surplus of

inventory.

Graph 1.7

The Trend of Average Collection Turnover

Average collection turnover for AZRB is unsatisfactory with average 172.94 days (industry

average 44.3 days) which means company takes longer time to collect debts from their

customers.

2005 2006 2007 2008 2009

Average Collection Period 50.7 200 198 166 250

0

50

100

150

200

250

300

Day

s


Graph 1.8

The Trend of Equity Multiplier and Interest Coverage Ratio

Average Equity Multiplier for AZRB is unsatisfactory with average 2.41 times (industry average

less than1.67) from year 2005-2009. This shows that company assets via equity is lower

compared other constructions companies.

Interest coverage ratio for AZRB is satisfactory with average 5.84 times (industry average more

than 4.3 times) from year 2005-2009. This shows company has higher ability to make interest

payment regularly by using operation income.

2005 2006 2007 2008 2009

Equity Multiplier 2.01 2.37 3.24 2.34 2.1

Interest Coverage Ratio 10.35 8.7 5.4 2.48 2.25

0

2

4

6

8

10

12Ti

me

s

Year

Equity Multiplier Interest Coverage Ratio


Graph 1.9

The Trend of Debt Ratio and Debt to Equity Ratio

Debt Ratio for AZRB is satisfactory with average 70.26 % (industry average less than 40%) from

year 2005-2009. This means company has difficulties to settle off interest and principal loans.

Debt to Equity Ratio for AZRB is satisfactory with average 62.16 % (industry average less than

50%) from year 2005-2009. This means companies rely on long-term creditor supplied fund than

owner supplied funds.

2005 2006 2007 2008 2009

Debt Ratio 66.83% 70.33% 76.44% 70.00% 67.76%

Debt to Equity Ratio 44.19% 40.49% 77.15% 102.51% 46.45%

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

120.00%P

erc

en

tage

(%

)

Year

Debt Ratio Debt to Equity Ratio


4.0 The Differences of Companies Financial Position Based on Liquidity and Leverage

Ratio Analysis Stated in Table 1.6.

Comparison

Elements

Hup Seng Industries Berhad

(Consumer)

Ahmad Zaki Resources Berhad.

(Construction)

Net Working

Capital

Comparison from 2005 until 2009 on Net

Working Capital shows significant

increase around 44% throughout the year.

This happen when total current liabilities

decrease and increased current assets.

Comparison from 2005 until 2009 on Net

Working Capital shows significant decreased

around 25% throughout the year. This happen

when total current liabilities keep on increased

and total current assets remain the same.

Conclusion:

Consumer industries are stronger in cable of liquid assets that are available to sustain and

build business by measuring your company’s efficiency and short-term financial health.

Current Ratio

There are 0.48 times increased on current

ratio throughout year 2005 until 2009

because the total current assets of company

dramatically increased and makes total

liabilities drop.

There are 0.42 times decreased on current ratio

throughout year 2005 until 2009 because the

total current assets of company drop and total

liabilities dramatically increased.

Conclusion:

Consumer industries are positioning in ideal number of cash to be converted from current

assets in order to pay debts that come due during every year.

Quick Ratio There are 0.55 times increased on current

ratio throughout year 2005 until 2009

because the total current assets of

company.

There are 0.39 times decreased on current ratio

throughout year 2005 until 2009 because the

total liabilities dramatically increased.

Conclusion:

Consumer industries and construction sector are in good positioning but the trend

construction sector decreasing and afraid in future the firm would not be able to meet its

current obligations.


Account

Receivables

Turnover/

Average

Collection

Period

There are 0.28 times and 2.09 days

increased on Account Receivables

Turnover Ratio and Average Collection

Period throughout the year 2005 until

2009.

There are 5.66 times and 199.30 days increased

on Account Receivables Turnover Ratio and

Average Collection Period throughout the year

2005 until 2009.

Conclusion:

Both companies indicate having trouble collecting on sales it provided customers on credit.

Construction sector have extremely have higher risk on revenue collection because the

completion projects takes longer time to recognized actual sales.

Inventory

Turnover

Inventory turnover drops 1.09 times from

year 2005 until 2009.

Inventory turnover increased 19.75 times from


Conclusion:

Construction sector indicates favorable and fastest inventory can be sold in a year comparing

consumer industries. This situation happen because cost of goods sold higher than inventory

in a company.

Debt Ratio Debt Ratio drops 1.32% from year 2005

until 2009.

Debt Ratio increased 0.93% from year 2005

until 2009.

Conclusion:

Consumer industries most likely facing less debt because amount of liabilities are less

compare construction sector debt ratio reach until 67.76 %( Industry Average 40%) and

indicate higher risks.

Debt To

Equity Ratio

Debt to equity Ratio drops 2.62% from


Debt Ratio increased 2.26% from year 2005

until 2009.

Conclusion:

Consumer industries consider less satisfactory level because does not take efforts to expand

Its sales and earnings even though company meets the requirement every year (2009 -6.19%

industry average 50%). Construction satisfactory result because maintain debt on 46.45% and

take a lot of efforts to expand their business.


Equity

Multiplier

Equity Multiplier Ratio drops 0.01% from


Equity Multiplier Ratio increased 0.09% from


Conclusion:

Construction sector relies more on debt to finance its assets and higher than the industry

average compare consumer industries ideal figure throughout the year.

Interest

Coverage

Ratio

Interest coverage ratio increased to

57,034.86 times from year 2005 until

2009.

Interest coverage ratio decreased to 8.1 times

from year 2005 until 2009.

Conclusion:

Consumer industries shows excellent result compared construction sector on ability to pay

the interest charges on its debt. This happen when interest paying buy consumer industries

lesser than construction sector.

5.0 Conclusion

Based on the evaluation of consumer industry (Hup Seng Industries Bhd.) and construction

sector (Ahmad Zaki Resources Bhd.) financial position, tells the actual condition of the company

financial management. The analysis of liquidity and leverage ratio on two separate groups of

companies indentify the satisfactory or unsatisfactory result in total performance. In order to

measure the total performance of both companies for the year 2005 until 2009, percentage of

marks scale used such as 0-50% (insufficient), 51-63% (sufficient), 64-79% (satisfactory), 80-

89% (Good), 90-100% (excellent). The calculation stated below:

Hup Seng

Industries

Bhd.

(HSIB)

Liquidity Ratio Measurement

Leverage Ratio Measurement

6

4 +

Total

Year 2005 -2009

Total Analysis Done

Total Performance Based on Satisfactory Result Average Industry

(34/50 × 100%)

10 ×

5

50

68%


Ahmad

Zaki

Resources

Bhd.

(AZRB)

Liquidity Ratio Measurement

Leverage Ratio Measurement

6

4 +

Total

Year 2005 -2009

Total Analysis Done

Total Performance Based on Satisfactory Result Average Industry

(18/50 × 100%)

10 ×

5

50

36%

As a summary of total performance report, clearly shown HSIB satisfactory (68%) result and

AZRB insufficient (36%) result. The percentage able to visualize the future, initiates changes

and achieves the purpose of companies under highly dynamic conditions. HSIB has potential to

grow much better to reach excellent status but AZRB must lessen the liability or borrowings and

make collection period faster to reach excellent level.

(2768 words)

Thank You Dear Sir/Madam for Allocate your Precious Time to Marking My Assignment


Appendix

SUMMARY

HUP SENG INDUSTRIES BHD.

The Statement of Financial Position

For The Year 2005 until 2009

2009

(RM)

2008

(RM)

2007

(RM)

2006

(RM)

2005

(RM)

Non-Current Assets

Property, Plant and Equipment

Investment Properties

Prepaid Payments

Goodwill

Deferred Tax Assets

66,074,493

1,865,671

4,959,874

13,227,508

483,543

70,653,265

1,882,526

5,085,565

13,227,508

610,170

70,283,151

1,899,726

4,651,831

13,227,508

1,050,966

69,163,153

1,915,808

3,803,261

13,227,508

1,433,633

65,487,549

1,935,186

3,910,102

13,227,508

983,068

86,611,089 91,459,034 91,113,182 89,543,363 85,549,413

Current Assets

Inventories

Trade and Other Receivables

Tax Recoverable

Cash and Bank Balances

Total Assets

23,418,474

32,727,914

2,153,919

42,219,598

20,282,491

33,504,972

1,688,218

21,224,792

21,438,292

26,970,184

1,342,882

15,634,694

22,004,531

31,972,951

1,157,978

21,222,356

20,013,925

28,411,531

549,268

14,950,315

100,519,905

187,130,994

76,700,473

168,159,507

65,386,052

156,499,234

76,357,816

165,901,179

63,925,039

149,474,452

Equity Attribute to Owners

of Company:

Share Capital

Share Premium

Other Reserves

Retain Earnings

Total Equity

60,000,000

14,333,133

2,621,865

64,706,562

141,661,560

60,000,000

14,333,133

741,468

50,691,989

125,766,590

60,000,000

14,333,133

796,374

39,076,700

114,206,207

60,000,000

14,333,133

42,983

40,889,315

115,265,431

60,000,000

14,333,133

42,983

38,402,464

112,778,580


Non-Current Liabilities

Deferred Tax Liabilities

8,712,248

9,159,479

9,235,245

9,874,549

9,894,476

Current Liabilities

Trade and Other Payables

Tax Payable

Borrowings

Total Liabilities

Total Equity and Liabilities

33,423,934

3,333,252

-

36,757,186

31,376,270

1,857,168

-

33,233,438

32,794,782

263,000

-

33,057,782

36,219,272

2,164,321

-

38,383,593

27,878,114

165,367

361,521

28,405,002

45,469,434

187,130,994

42,392,917

168,159,507

42,293,027

156,499,234

48,258,142

163,910,573

38,299,478

151,465,058


SUMMARY

HUP SENG INDUSTRIES BHD.

The Statement of Comprehensive Income


2009

(RM)

2008

(RM)

2007

(RM)

2006

(RM)

2005

(RM)

Revenue

Cost of Sales

Gross Profit

Other Operating Income

Selling and Marketing

Expenses

Administrative Expenses

Operating Profit

Finance Cost

Profit before Tax

Tax Expenses

Profit for the Year

213,405,132

(138,730,913)

74,674,219

1,866,323

(23,619,444)

(17,120,606)

35,800,492

(627)

35,799,865

(8,919,368)

220,329,264

(160,833,820)

59,495,444

1,883,155

(24,504,253)

(15,526,004)

21,348,342

(7,147)

21,341,195

(5,270,394)

193,115,141

(149,053,165)

44,061,976

1,572,200

(24,019,666)

(15,483,201)

6,131,309

(6,147)

6,125,162

(1,367,152)

188,338,321

(138,721,967)

49,616,354

1,384,413

(24,518,974)

(16,516,238)

9,965,555

(1,250)

9,964,305

(3,157,454)

180,967,603

(140,249,078)

40,718,525

1,650,768

(21,673,834)

(13,092,073)

7,603,386

(120,293)

7,483,093

(2,385,295)

26,880,497

16,070,801

4,758,010

6,806,851

5,097,798

Turnover

213,405,000 220,329,000 193,115,000 188,338,000 180,968,000


SUMMARY

AHMAD ZAKI RESOURCES BERHAD

The Statement of Financial Position


2009

(RM)

2008

(RM)

2007

(RM)

2006

(RM)

2005

(RM)

Non-Current Assets

Property, Plant and Equipment

Prepaid Land Lease Payment

Investment Properties

Investment in Associated Company

Investment in Joint Venture

New Planting Expenditures

Other Investment

Deferred Tax Assets

Goodwill

49,932,707

7,902,103

19,500,000

95,679,500

(28,637,206)

82,011,852

2,615,500

-

3,744,605

48,408,426

8,242,056

19,500,000

89,784,333

(28,698,666)

62,956,106

2,615,500

-

3,744,605

41,644,699

8,582,009

25,000,000

84,762,385

(28,873,164)

31,954,480

8,615,500

-

3,744,605

37,748,620

10,017,557

24,550,000

59,875

(28,601,943)

12,862,724

4,615,500

-

3,744,605

35,418,056

-

24,200,000

63,120

(28,407,817)

2,293,598

4,615,500

30,827

3,744,605

232,749,061 206,552,360 175,430,514 64,996,938 41,957,889

Current Assets

Inventories

Property Development Cost

Trade Receivables

Tax Assets

Cash and Bank Balances

Total Assets

12,045,447

1,459,535

319,274,486

4,268,175

152,619,459

12,927,339

5,831,594

306,258,522

3,931,817

185,642,625

12,142,953

2,531,332

289,351,747

2,514,749

207,990,592

10,521,722

1,784,567

246,063,818

737,035

145,004,720

15,513,481

1,642,492

156,200,474

2,850,925

154,096,042

489,667,102

722,416,163

514,591,897

721,144,257

514,531,373

689,961,887

404,111,862

469,108,800

330,303,414

372,261,303


Equity Attribute to Owners of

Company:

Share Capital

Reserves

Treasury Shares

Minority Shares

Total Equity

138,317,965

90,497,764

(1,004,622)

5,119,654

232,930,761

138,265,800

74,073,128

(1,004,622)

4,661,599

215,995,905

69,132,900

89,819,619

-

3,603,457

162,555,976

66,710,400

69,710,468

-

2,760,664

139,181,532

66,710,400

54,249,887

-

2,524,354

123,484,641

Non-Current Liabilities

Other Borrowings

Deferred Tax Liabilities

103,931,069

4,274,357

108,205,426

161,476,632

5,153,614

166,630,246

161,001,406

5,091,419

166,092,825

51,350,526

5,039,510

56,390,036

50,582,645

3,981,991

54,564,636

Current Liabilities

Trade Payables

Other Borrowings

Bank Overdrafts

Tax Liabilities

Total Liabilities

Total Equity and Liabilities

279,892,669

83,895,648

16,696,378

795,281

288,922,481

37,723,565

9,865,602

2,006,458

300,207,725

53,039,168

3,497,348

4,568,845

254,826,555

12,640,669

3,687,933

2,382,075

185,382,323

2,916,026

5,361,355

552,322

489,485,402

722,416,163

505,148,352

721,144,257

527,405,911

689,961,887

329,927,268

469,108,800

248,776,662

372,261,303


SUMMARY

AHMAD ZAKI RESOURCES BERHAD

The Statement of Comprehensive Income


2009

(RM)

2008

(RM)

2007

(RM)

2006

(RM)

2005

(RM)

Operating Revenue

Direct Operating Cost

Gross Profit

Other Operating Revenue

Administrative Cost

Other Operating Cost

Profit from Operation

Finance Cost

Share of Joint Venture

Share of Associated Company

Profit before Tax

Taxation

Profit for the Year

459,400,393

(392,745,708)

66,654,685

7,919,874

(30,702,170)

(4,216,374)

39,656,010

(17,599,297)

1,481,090

8,952,617

32,490,420

(10,892,791)

662,676,939

(587,320,101)

75,356,838

7,427,952

(34,142,268)

(9,299,426)

39,343,096

(15,833,047)

865,580

4,667,242

29,042,871

(12,596,576)

525,770,666

(443,688,570)

82,082,096

5,770,502

(32,183,205)

(5,690,637)

49,978,756

(9,248,152)

(271,221)

1,699,879

42,129,262

(14,991,475)

442,600,300

(378,671,527)

63,928,773

5,018,843

(22,609,156)

(5,022,555)

41,315,905

(4,751,830)

(194,126)

(3,245)

36,366,704

(11,975,443)

249,124,615

(199,522,413)

49,602,202

4,012,515

(19,391,174)

(2,471,975)

31,751,568

(3,067,938)

(561,846)

(3,899)

28,117,885

(9,249,362)

21,597,629

16,446,295

27,137,787

24,391,261

18,868,523


6.0 References

1. Paramasivan, C. S. (2009). Financial Management. India: New Age International.

2. Ramagopal, C. (2008). Financial Management. India: New Age International.

3. Satyaprasad, B.G. Raghu, G.A. (2010). Advanced Financial Management. India: Global

Media

4. Helfert, E. (2001). Financial Analysis Tools and Techniques. United States of America:

McGraw-Hill Professional Publishing.

5. Jewell, J., & Mankin, J. (2009). Standardizing financial statement analysis across the

business curriculum: An interdisciplinary approach. Allied Academies International

Conference. Academy of Educational Leadership. Proceedings, 14(2), 15-19. Retrieved from

http://search.proquest.com/docview/192405168?accountid=48462

6. Hup Seng Industries Bhd. (2012). The Company Annual Report. [ONLINE]. Available:

http://announcements.bursamalaysia.com/HUPSENG-AnnualReport2010.pdf






7. Ahmad Zaki Resources Bhd. (2012). The Company Annual Report. [ONLINE].

Available:

http://announcements.bursamalaysia.com /AZRB-AnnualReport2010.pdf






http://search.proquest.com/docview/192405168?accountid=48462







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