ANNUAL REPORT 2008 - KNM Steel Sdn Bhd

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BALANCE SHEETS AT 31 DECEMBER 2008 (CONT’D) Group Company Note 2008 2007 2008 2007 RM’000 RM’000 RM’000 RM’000 Liabilities Loans and borrowings 15 296,722 45,007 – – Long term payables 16 30,672 33,345 – – Long service leave liability 2,514 2,832 – – Deferred tax liabilities 9 429,361 53,855 – – Total non-current liabilities 759,269 135,039 – – Payables and accruals 17 702,611 310,379 3,131 1,062 Loans and borrowings 15 1,133,667 220,907 – – Current tax liabilities 33,399 27,714 765 241 Total current liabilities 1,869,677 559,000 3,896 1,303 Total liabilities 2,628,946 694,039 3,896 1,303 Total equity and liabilities 4,449,063 1,249,708 1,353,429 286,785 The notes on pages 60 to 117 are an integral part of these financial statements. KNM GROUP BERHAD 52 ANNUAL REPORT 2008
INCOME STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2008 Group Company Note 2008 2007 2008 2007 RM’000 RM’000 RM’000 RM’000 Revenue Contract revenue 2,515,412 1,230,116 – – Sales of goods and services 13,338 – – – Management fees – – 10,194 8,013 Dividend income – – 67,000 96,817 2,528,750 1,230,116 77,194 104,830 Cost of sales Contract costs recognised as an expense (1,810,588) (911,727) – – Cost of goods sold and services (11,772) – – – (1,822,360) (911,727) – – Gross profit 706,390 318,389 77,194 104,830 Other income 85,987 19,080 – – Administration expenses (194,317) (83,190) (7,624) (3,671) Other operating expenses (86,528) (29,298) – – Results from operating activities 19 511,532 224,981 69,570 101,159 Goodwill written off – (1,050) – – Financing costs 20 (64,643) (9,875) (3) (542) Interest income 6,832 1,302 1,403 545 Profit before tax 453,721 215,358 70,970 101,162 Tax expense 21 (117,489) (28,882) (1,376) (18,639) Profit for the year 336,232 186,476 69,594 82,523 Attributable to: Equity holders of the Company 336,383 188,133 69,594 82,523 Minority interest (151) (1,657) – – Profit for the year 336,232 186,476 69,594 82,523 Basic earnings per ordinary share (sen) 22 8.80 5.12 Diluted earnings per ordinary share (sen) 22 8.71 5.05 Dividend per ordinary share (sen) - net 23 2.96 5.00 2.96 5.00 The notes on pages 60 to 117 are an integral part of these financial statements. KNM GROUP BERHAD 53 ANNUAL REPORT 2008
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KNM GROUP BERHAD (521348-H) World C
Page 3 and 4: CONTENTS 2 Corporate Information 3
Page 5 and 6: CORPORATE STRUCTURE AS AT 18 MAY 20
Page 7 and 8: Malaysia China Canada USA Brazil Au
Page 9 and 10: CHAIRMAN'S MESSAGE (CONT’D) FINAN
Page 11 and 12: CHAIRMAN'S MESSAGE (CONT’D) GLOBA
Page 13 and 14: 5-YEAR GROUP FINANCIAL HIGHLIGHTS K
Page 15 and 16: PROFILE OF DIRECTORS DATO’ MOHAMA
Page 17 and 18: PROFILE OF DIRECTORS (CONT’D) LEE
Page 19 and 20: CORPORATE GOVERNANCE STATEMENT The
Page 21 and 22: CORPORATE GOVERNANCE STATEMENT (CON
Page 35 and 36: AUDIT COMMITTEE REPORT (CONT’D) 2
Page 37 and 38: AUDIT COMMITTEE REPORT (CONT’D) (
Page 39 and 40: STATEMENT ON INTERNAL CONTROL The B
Page 41 and 42: ANALYSIS OF SHAREHOLDINGS as at 18
Page 43 and 44: ANALYSIS OF SHAREHOLDINGS as at 18
Page 45 and 46: LIST OF MAJOR PROPERTIES OWNED BY T
Page 47 and 48: DIRECTORS’ REPORT for year ended
Page 49 and 50: DIRECTORS’ REPORT (CONT’D) Dire
Page 51 and 52: DIRECTORS’ REPORT (CONT’D) Opti
Page 53: BALANCE SHEETS AT 31 DECEMBER 2008
Page 57 and 58: CONSOLIDATED STATEMENT OF CHANGES I
Page 59 and 60: CASH FLOW STATEMENTS FOR THE YEAR E
Page 61 and 62: CASH FLOW STATEMENTS FOR THE YEAR E
Page 63 and 64: NOTES TO THE FINANCIAL STATEMENTS (
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NOTES TO THE FINANCIAL STATEMENTS (
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INDEPENDENT AUDITORS’ REPORT TO T
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NOTICE OF ANNUAL GENERAL MEETING NO
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NOTICE OF ANNUAL GENERAL MEETING (C
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KNM GROUP BERHAD (Company No. 52134
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(521348-H)
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