BALANCE SHEETS AS AT 31 DECEMBER 2009 NON-CURRENT ASSETS 67 <strong>TANJUNG</strong> <strong>OFFSHORE</strong> <strong>BERHAD</strong> (662315-U) ANNUAL REPORT 2009 GROUP COMPANY NOTE 2009 2008 2009 2008 RM RM RM RM Property, plant and equipment 5 765,020,390 588,797,158 - - Intangible assets 6 10,741,672 7,092,484 - - Subsidiary companies 7 - - 48,961,560 31,590,308 Amount owing by subsidiary companies 7 - - 152,721,989 267,084,833 Associate companies 8 3,565,139 1,337,921 1,419,334 1,419,334 Deferred tax assets 9 8,170,175 6,607,227 - - CURRENT ASSETS Inventories 10 9,351,170 18,246,340 - - Trade receivables 11 215,819,589 238,446,962 - - Other receivables, deposits and prepayments 12 37,670,112 26,656,729 3,778,271 3,792,036 Amount owing by subsidiary companies 7 - - 191,722,140 73,956,692 Cash and cash equivalents 13 38,269,363 76,692,918 26,521,210 59,943,757 CURRENT LIABILITIES 301,110,234 360,042,949 222,021,621 137,692,485 Trade payables 14 126,829,282 148,830,872 - - Other payables and accruals 15 32,068,677 28,635,850 10,430,116 7,723,506 Short term borrowings 16 104,396,265 87,000,630 20,000,000 20,000,000 Provision for taxation 807,564 2,009,639 4,000 125,885 264,101,788 266,476,991 30,434,116 27,849,391 NET CURRENT ASSETS 37,008,446 93,565,958 191,587,505 109,843,094 EQUITY ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT 824,505,822 697,400,748 394,690,388 409,937,569 Share capital 17 125,650,347 123,294,789 125,650,347 123,294,789 Treasury shares 18 (4,395,831) (4,350,641) (4,395,831) (4,350,641) Reserves 19 195,588,996 203,005,930 47,809,539 45,367,088 316,843,512 321,950,078 169,064,055 164,311,236 Minority interest 5,239,940 314,973 - - TOTAL EQUITY 322,083,452 322,265,051 169,064,055 164,311,236 NON-CURRENT LIABILITIES Deferred tax liabilities 9 86,435 - - - Long term borrowings 20 396,738,435 249,538,197 120,028,833 120,028,833 Serial fi xed rate bond 21 105,597,500 125,597,500 105,597,500 125,597,500 See accompanying notes to the fi nancial statements. 502,422,370 375,135,697 225,626,333 245,626,333 824,505,822 697,400,748 394,690,388 409,937,569
<strong>TANJUNG</strong> <strong>OFFSHORE</strong> <strong>BERHAD</strong> (662315-U) ANNUAL REPORT 2009 INCOME STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2009 GROUP COMPANY NOTE 2009 2008 2009 2008 RM RM RM RM Revenue 3(n) 649,656,702 574,273,012 14,105,791 6,479,640 Cost of sales (533,358,085) (461,246,689) - - Gross profi t 116,298,617 113,026,323 14,105,791 6,479,640 Other income 2,172,174 1,576,183 - - Operating expenses (96,960,386) (67,164,773) (1,203,274) (1,088,445) Profi t from operations 22 21,510,405 47,437,733 12,902,517 5,391,195 Finance costs 23 (19,433,768) (12,883,431) (201,942) (201,942) Share of profi t/(loss) of associate 2,697,947 (328,860) - - Profi t before taxation 4,774,584 34,225,442 12,700,575 5,189,253 Taxation 24 (1,158,170) (2,777,014) (145,923) (300,000) Net profi t for the year 3,616,414 31,448,428 12,554,652 4,889,253 Attributable to: Equity holders of the parent 3,075,694 31,378,546 12,554,652 4,889,253 Minority interest 540,720 69,882 - - Earning per share - Basic 25(a) 1.25 14.63 - Diluted 25(b) 1.23 13.36 See accompanying notes to the fi nancial statements. 3,616,414 31,448,428 12,554,652 4,889,253 68
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