KOSMO-AnnuaReport2006 (1.9MB).pdf - Bursa Malaysia

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Group Company 1.1.2006 30.6.2005 to to Note 31.12.2006 31.12.2005 2006 2005 RM RM RM RM Revenue 20 96,404,687 85,137,520 - - Cost of sales 20 (71,832,886) (62,060,405) - - Gross profit 24,571,801 23,077,115 - - Other income 2,320,646 1,456,804 3,637,185 - Selling and distribution expenses (1,203,283) (565,258) - (53,104) Administrative expenses (7,601,437) (3,011,478) (446,828) (288,230) Other expenses (131,588) (852,037) - - Profit/(Loss) from operations 17,956,139 20,105,146 3,190,357 (341,334) Finance costs (2,596,831) (2,649,526) (3,645,066) (1,867,323) Share of loss in associate company (1,232,386) - - - Profit/(Loss) before taxation 21 14,126,922 17,455,620 (454,709) (2,208,657) Taxation 22 (3,867,600) (5,228,874) - - Profit/(Loss) after taxation 10,259,322 12,226,746 (454,709) (2,208,657) Pre-acquisition profit - (7,395,607) - Profit/(loss) for the financial year 10,259,322 4,831,139 (454,709) (2,208,657) Attributable to: Equity holder of the Company Earnings per share attributable to equity holders of the Company (sen) 10,259,322 4,831,139 (454,709) (2,208,657) -Basic 23 8.44 7.93 -Diluted 23 7.98 7.42 The accompanying notes form an integral part of the financial statements. <strong>KOSMO</strong> TECHNOLOGY INDUSTRIAL BERHAD 49 INCOME STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2006
50 <strong>KOSMO</strong> TECHNOLOGY INDUSTRIAL BERHAD STATEMENT OF CHANGES IN EQUITY FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2006 Attributable to equity holders of the Company Non-distributable Distributable Unappropriated profit/ Share (Accumulated Total capital ICULS loss) Equity Group RM RM RM RM Balance as at 1 January 2005 2 - (1,000) (998) Issued pursuant to the Restructuring Scheme (Note 2) 120,899,900 - - 120,899,900 Goodwill written-off arising from acquisition of subsidiary companies - - (71,776,606) (71,776,606) Settlement of scheme creditors by way of issuance of ICULS - 7,947,735 (8,396,618) (448,883) Shares issued for exchange of Nauticalink Berhad’s shares - - (1,999,900) (1,999,900) Restructuring expenses written-off - - (2,398,388) (2,398,388) Interest expenses - ICULS - (79,258) - (79,258) Profit for the financial year - - 4,831,139 4,831,139 Balance as at 31 December 2005 120,899,902 7,868,477 (79,741,373) 49,027,006 Conversion of ICULS 1,600,049 (1,520,047) - 80,002 Interest expenses - ICULS - (143,937) - (143,937) Profit for the financial year - - 10,259,322 10,259,322 Balance as at 31 December 2006 122,499,951 6,204,493 (69,482,051) 59,222,393 Company Balance as at 1 January 2005 2 - (1,000) (998) Issued pursuant to the Restructuring Scheme (Note 2) 120,899,900 - - 120,899,900 Settlement of scheme creditors by way issuance of ICULS - 7,947,735 (8,396,618) (448,883) Shares issued for exchange of Nauticalink Berhad’s shares - - (1,999,900) (1,999,900) Restructuring expenses written-off - - (2,398,388) (2,398,388) Interest expenses - ICULS - (79,258) - (79,258) Loss for the financial year - - (2,208,657) (2,208,657) Balance as at 31 December 2005 120,899,902 7,868,477 (15,004,563) 113,763,816 Conversion of ICULS 1,600,049 (1,520,047) - 80,002 Interest expenses - ICULS (143,937) - (143,937) Loss for the financial year - - (454,709) (454,709) Balance as at 31 December 2006 122,499,951 6,204,493 (15,459,272) 113,245,172 The accompanying notes form an integral part of the financial statements.
Page 1 and 2: KOSMO TECHNOLOGY INDUSTRIAL BERHAD
Page 3 and 4: CONTENTS 2 3 4 6 8 12 18 25 28 30 3
Page 5 and 6: KOSMO TECHNOLOGY INDUSTRIAL BERHAD
Page 7 and 8: 6 ANNUAL REPORT 2006 PROFILE OF DIR
Page 9 and 10: 8 ANNUAL REPORT 2006 CHAIRMAN’S S
Page 11 and 12: 10 ANNUAL REPORT 2006 CHAIRMAN’S
Page 13 and 14: 12 ANNUAL REPORT 2006 GROUP MANAGIN
Page 19 and 20: 18 ANNUAL REPORT 2006 STATEMENT ON
Page 25 and 26: 24 ANNUAL REPORT 2006 AUDIT COMMITT
Page 27 and 28: 26 ANNUAL REPORT 2006 AUDIT COMMITT
Page 33 and 34: 32 ANNUAL REPORT 2006 ADDITIONAL DI
Page 35 and 36: 34 ANNUAL REPORT 2006 IN THE NEWS
Page 37 and 38: 36 ANNUAL REPORT 2006 CALENDAR OF E
Page 39 and 40: 38 ANNUAL REPORT 2006 CALENDAR OF E
Page 41 and 42: 40 ANNUAL REPORT 2006
Page 43 and 44: 42 KOSMO TECHNOLOGY INDUSTRIAL BERH
Page 49: 48 KOSMO TECHNOLOGY INDUSTRIAL BERH
Page 93 and 94: 92 ANNUAL REPORT 2006 NOTICE OF THE
Page 95 and 96: 94 ANNUAL REPORT 2006 STATEMENT ACC
Page 97 and 98: Company Secretary Kosmo Technology

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