Malaysia Stainless Steel Manufacturer -K.Seng Seng Corporation Bhd 
   
 
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Financial Data


 
    2014 2013 As at 1.1.2011
  Note RM RM RM
 
 
Revenue
4  
 98,574,793
92,833,662
 
Cost of sales
5  
 (79,828,059
(79,447,062)
 
Gross profit  
 18,746,734
13,386,600
 
 Other income  
 541,432
11,574,056
 
   
Selling and distribution costs  
 (2,322,226)
(2,023,423)
 
Administrative costs  
 (6,757,200)
(5,896,693)
 
Other costs  
 (2,627,857)
(1,971,666)
 
   
 (11,707,283)
(9,891,782)
 
   
Profit from operations  
 7,580,883
15,068,874
 
Finance costs  
 (1,529,103)
(1,325,933)
 
Share of result of an associate  
348,589
300,899
 
Profit before tax
6  
6,400,369
14,043,840
 
Income tax expense
8  
(1,504,386)
(777,259)
 
Profit net of tax, representing total  
 
 
 
   comprehensive income for the financial year  
 4,895,983
13,266,581
 
   
Total comprehensive income attributable to:  
 4,399,273
13,167,215
 
Owners of the parent  
 496,710
99,366
 
Non-controlling interest  
 4,895,983
13,266,581
 
   
 
 
 
   
Earnings per share attributable to  
 
 
 
   owners of the parent (sen per share)  
 
   
Basic
9  
 4.58
13.72
 
Diluted
9  
 4.58
13.72
 
   
The annexed notes form an integral part of, and should be read in conjunction with, these financial
statements.
 
   
Group
Company
   
2014
2013
2014
2013
 
Note  
RM
RM
RM
RM
 
 
ASSETS
Non-current assets  
 
 
 
 
Property, plant and equipment
10  
 13,121,057
13,484,009
 6,834,077
6,965,671
Investment in subsidiaries
11  
-
-
 32,975,004
32,975,004
Investment in an associate
12  
 3,330,170
2,981,581
820,000
820,000
Goodwill
13  
 140,455
140,455
-
-
Deferred tax assets
14  
528,595
701,797
-
-
   
 17,120,277
17,307,842
 40,629,081
40,760,675
   
Current assets
Inventories
15  
 44,686,688
39,545,463
 -
-
Trade receivables
16  
 35,832,607
38,847,294
1,500
-
Other receivables, deposits and prepayments
17  
873,121
1,042,230
  173,013
126,112
 
18  
-
-
 25,234,952
9,544,301
Tax recoverable  
 352,001
318,720
-
-
Cash and bank balances
19  
 10,804,941
22,790,232
 4,632,143
 11,745,430
   
   
 92,549,358
102,543,939
30,041,608
21,415,843
TOTAL ASSETS  
 109,669,635
119,851,781
 70,670,689
62,176,518
   
 
   
Group
Company
   
2014
2013
2014
2013
 
Note  
RM
RM
RM
RM
 
 
EQUITY AND LIABILITIES
Share capital
20  
48,000,000
48,000,000
48,000,000
48,000,000
Share premium
21  
514,639
514,639
514,639
514,639
Retained earnings
22  
 24,745,130
24,137,857
 1,950,145
1,808,331
Equity attributable to owners of the parent
  
 73,259,769
72,652,496
50,464,784
50,322,970
Non-controlling interest
  
 1,212,313
 715,603
-
-
Total equity  
74,472,082
73,368,099
 50,464,784
50,322,970
 
Liabilities
Non-current liabilities
Bank borrowings
23  
 1,909,626
1,699,470
-
-
Deferred tax liabilities
14  
 195,861
109,820
115,349
109,820
 
  
 2,105,487
1,809,290
115,349
109,820
 
  
 
 
 
 
Trade payables
25  
 5,380,297
6,834,568
-
-
Other payables and accruals
26  
 6,612,532
9,733,586
 890,022
857,378
Bank borrowings
23  
 20,722,061
28,067,974
-
-
Amount due to subsidiaries
18  
-
-
 19,108,397
10,766,743
Tax payable
  
 377,176
38,264
92,137
119,607
 
 
 33,092,066
44,674,392
 20,090,556
11,743,728
Total liabilities
 
 35,197,553
46,483,682
 20,205,905
11,853,548
TOTAL EQUITY AND LIABILITIES  
109,669,635
119,851,781
 70,670,689
62,176,518