GENTING Quarterly report on consolidated results for the financial year ended 31 December 2016. The figures for the cumulative period for the year ended 31 December 2016 have been audited.
CONDENSED CONSOLIDATED INCOME STATEMENT FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016UNAUDITED INDIVIDUAL QUARTER | CUMULATIVE PERIOD | ||||
Fourth quarter ended 31 December | Financial year ended 31 December | ||||
2016 | 2015 | 2016 | 2015 | ||
RM '000 | RM'0 00 | RM '000 | RM'0 00 | ||
Revenue | 2,282,941 | 2,291,879 | 8,931,617 | 8,395,906 | |
Cost of sales | (1,689,716) | (1,718,979) | (6,449,017) | (6,353,534) | |
Gross profit | 593,225 | 572,900 | 2,482,600 | 2,042,372 | |
Other income | 1,434,045 | 117,229 | 1,792,088 | 655,215 | |
Other expenses | (208,143) | (292,219) | (1,152,221) | (1,128,760) | |
Profit from operations before impairment losses | 1,819,127 | 397,910 | 3,122,467 | 1,568,827 | |
Reversal of previously recognised impairment losses | - | - | 49,181 | 24,304 | |
Impairment losses | (4,982) | (27,258) | (10,591) | (27,258) | |
Profit from operations | 1,814,145 | 370,652 | 3,161,057 | 1,565,873 | |
Finance costs | (17,378) | (12,806) | (70,465) | (35,906) | |
Profit before taxation | 1,796,767 | 357,846 | 3,090,592 | 1,529,967 | |
Taxation | (137,621) | (11,840) | (289,895) | (286,968) | |
Profit for the financial period/year | 1,659,146 | 346,006 | 2,800,697 | 1,242,999 | |
Profit attributable to: | |||||
Equity holders of the Company | 1,686,334 | 338,558 | 2,880,078 | 1,257,877 | |
Non-controlling interests | (27,188) | 7,448 | (79,381) | (14,878) | |
1,659,146 | 346,006 | 2,800,697 | 1,242,999 | ||
Earnings per share attributable to equity holders of the Company: | |||||
Basic earnings per share (sen) | 29.81 | 5.99 | 50.91 | 22.21 | |
Diluted earnings per share (sen) | 29.73 | 5.98 | 50.78 | 22.17 | |
(The Condensed Consolidated Income Statement should be read in conjunction with the audited Financial Statements for the financial year ended 31 December 2015.)
GENTING MALAYSIA BERHAD CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 | |||||
UNAUDITED INDIVIDUAL QUARTER | CUMULATIVE PERIOD | ||||
Fourth quarter ended 31 December | Financial year ended 31 December | ||||
2016 | 2015 | 2016 | 2015 | ||
RM '000 | RM'0 00 | RM '000 | RM'0 00 | ||
Profit for the financial period/year | 1,659,146 | 346,006 | 2,800,697 | 1,242,999 | |
Other comprehensive (loss)/income | |||||
Item that will not be reclassified subsequently to profit or loss: | |||||
Actuarial (loss)/gain on retirement benefit liability | (13,088) | 4,724 | (13,088) | 4,724 | |
Items that will be reclassified subsequently to profit or loss: | |||||
Available-for-sale financial assets | |||||
- Fair value loss | - | (28,351) | (265,222) | (179,375) | |
- Reclassification to profit or loss upon disposal | (812,512) | - | (812,512) | (3,732) | |
Cash flow hedges | |||||
- Fair value gain | 3,414 | 950 | 3,267 | 1,281 | |
Foreign currency exchange differences | 341,488 | (316,574) | (649,289) | 2,116,375 | |
Other comprehensive (loss)/income, net of tax | (480,698) | (339,251) | (1,736,844) | 1,939,273 | |
Total comprehensive income for the financial period/year | 1,178,448 | 6,755 | 1,063,853 | 3,182,272 | |
Total comprehensive income attributable to: | |||||
Equity holders of the Company | 1,211,109 | (1,996) | 1,153,466 | 3,195,173 | |
Non-controlling interests | (32,661) | 8,751 | (89,613) | (12,901) | |
1,178,448 | 6,755 | 1,063,853 | 3,182,272 | ||
(The Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the audited Financial Statements for the financial year ended 31 December 2015.)
GENTING MALAYSIA BERHAD CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2016 | |||
As at 31.12.2016 | As at 31.12.2015 | ||
RM'000 | RM'000 | ||
ASSETS Non-current assets | |||
Property, plant and equipment | 12,158,625 | 10,475,088 | |
Land held for property development | 184,672 | 184,672 | |
Investment properties | 2,317,873 | 2,293,363 | |
Intangible assets | 5,036,343 | 5,367,250 | |
Available-for-sale financial assets | 102,892 | 99,150 | |
Other non-current assets | 1,842,383 | 322,182 | |
Deferred tax assets | 122,415 | 237,784 | |
21,765,203 | 18,979,489 | ||
Current assets | |||
Inventories | 98,221 | 119,791 | |
Trade and other receivables | 566,850 | 1,242,809 | |
Amounts due from other related companies | 9,493 | 24,910 | |
Financial asset at fair value through profit or loss | 10,799 | 8,068 | |
Available-for-sale financial assets | 550,000 | 550,000 | |
Derivative financial instruments | 3,064 | - | |
Restricted cash | 35,053 | 80,701 | |
Cash and cash equivalents | 4,855,700 | 4,518,966 | |
6,129,180 | 6,545,245 | ||
Assets classified as held for sale | - | 1,995,996 | |
6,129,180 | 8,541,241 | ||
TOTAL ASSETS | 27,894,383 | 27,520,730 | |
EQUITY AND LIABILITIES | |||
Equity attributable to equity holders of the Company | |||
Share capital | 593,804 | 593,804 | |
Reserves | 20,228,241 | 19,450,580 | |
Treasury shares | (911,258) | (906,707) | |
Shares held for employee share scheme | (45,769) | (57,267) | |
19,865,018 | 19,080,410 | ||
Non-controlling interests | (119,653) | 25,944 | |
TOTAL EQUITY | 19,745,365 | 19,106,354 | |
Non-current liabilities | |||
Other long term liabilities | 220,337 | 198,896 | |
Long term borrowings | 3,223,146 | 3,840,862 | |
Deferred tax liabilities | 673,771 | 706,477 | |
Derivative financial instruments | - | 1,461 | |
4,117,254 | 4,747,696 | ||
Current liabilities | |||
Trade and other payables | 2,738,495 | 2,647,741 | |
Amount due to holding company | 19,886 | 21,844 | |
Amounts due to other related companies | 162,031 | 158,166 | |
Short term borrowings | 1,103,426 | 783,967 | |
Derivative financial instruments | 4,006 | 3,444 | |
Taxation | 3,920 | 51,518 | |
4,031,764 | 3,666,680 | ||
TOTAL LIABILITIES | 8,149,018 | 8,414,376 | |
TOTAL EQUITY AND LIABILITIES | 27,894,383 | 27,520,730 | |
NET ASSETS PER SHARE (RM) | 3.51 | 3.37 | |
(The Condensed Consolidated Statement of Financial Position should be read in conjunction with the audited Financial Statements for the financial year ended 31 December 2015.) | |||
Share Capital | Share Premium | Available-for-sale Financial Assets Reserve | Cash Flow Hedges Reserve | Other Reserves | Treasury Shares | Shares held for Employee Share Scheme | Retained Earnings | Total | Non- controlling Interests | Total Equity |
RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 |
593,804 | 1,170,620 | 1,077,734 | (4,006) | 2,857,714 | (906,707) | (57,267) | 14,348,518 | 19,080,410 | 25,944 | 19,106,354 |
- | - | - | - | - | - | - | 2,880,078 | 2,880,078 | (79,381) | 2,800,697 |
- | - | (1,077,734) | 3,267 | (639,057) | - | - | (13,088) | (1,726,612) | (10,232) | (1,736,844) |
- | - | (1,077,734) | 3,267 | (639,057) | - | - | 2,866,990 | 1,153,466 | (89,613) | 1,063,853 |
At 1 January 2016
Profit/(Loss) for the financial year Other comprehensive (loss)/income
Total comprehensive (loss)/income for the
financial year Transactions with owners:
- - - - - | - | - | 5,551 | 5,551 | (55,984) | (50,433) |
- - - - - | (4,551) | - | - | (4,551) | - | (4,551) |
- - - - 43,154 | - | - | - | 43,154 | - | 43,154 |
- - - - (11,498) | - | 11,498 | - | - | - | - |
Changes in ownership interest in a subsidiary upon finalisation of purchase price allocation Buy-back of shares
Performance-based employee share scheme Employee share scheme shares vested to employees
Appropriation:
Final single-tier dividend declared for the year
ended 31 December 2015 - - - - - - - (243,281) (243,281) - (243,281)
- | - | - - | - | - | - | (169,731) | (169,731) | - | (169,731) |
- | - | - - | 31,656 | (4,551) | 11,498 | (407,461) | (368,858) | (55,984) | (424,842) |
593,804 | 1,170,620 | - (739) | 2,250,313 | (911,258) | (45,769) | 16,808,047 | 19,865,018 | (119,653) | 19,745,365 |
Interim single-tier dividend declared for the year ended 31 December 2016
Total transactions with owners At 31 December 2016
(The Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the audited Financial Statements for the financial year ended 31 December 2015.)
4
Genting Berhad published this content on 23 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 February 2017 08:28:05 UTC.
Original documenthttp://www.genting.com/press/2017/GENM_23022017_d.pdf
Public permalinkhttp://www.publicnow.com/view/427D889FC7CDD4F2EAFBCB5F9DFF4C7EEF6EF2A0
