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CALCULATION

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HORIZONTAL ANALYSIS FOR FINANCIAL POSITION

2015 2014 INCREASE (DECREASE)
(RM’million) (RM’million) AMOUNT PERCEN
(RM’million) T (%)
ASSETS
Non-current assets
Property, plant & equipment 73,114.4 71,002.6 2,111.8 2.97
Subsidiaries 5,152.4 4,033.7 1,118.7 27.73
Associates 70.3 181.6 (111.3) (61.29)
Investment in unquoted debt
security 24.3 163.1 (138.8) (85.10)
Tax recoverable 1,693.2 1,693.2 - -
Long term receivables 1,236.0 1,144.4 91.6 8
Prepaid operating leases 4,848.1 4,484.3 (0.2)
Available for sale financial
assets 38 38 - -
86,176.7 82,740.9 3,435.8 4.15
Current assets
Inventories 254.7 194.1 60.6 31.22
Receivables,deposits &
prepayments 5,432.1 4,948.3 493.8 9.78
Tax recoverable 0 14.7 (14.7) (100)
Prepaid operating leases 130.9 70.5 60.4 85.67
Amounts due from subsidiaries 2,534.1 1,564.3 969.8 62
Amounts due from associates 58.9 74.6 (15.7) (21.05)
Financial assets at fair value
through profit/loss 3,640.2 1,501.7 2,138.5 142.41
Deposits, bank and cash
balances 551.8 3,445.6 (2,893.8) (84)
12,602.7 11,813.8 788.9 6.68

Total assets 98,779.4 94,554.7 4,224.7 4.47

LIABILITIES
Current liabilities
Payables 6,898.6 5,209.2 1,689.4 32.43
Finance lease payables 1,378.5 1,305.9 72.6 5.56
Deferred income 1,143.9 1,043.1 100.8 9.67
Amounts due from subsidiaries 752.2 1,996.9 (1,244.7) (62.33)
Amounts due from associates 531.4 566.5 (35.1) (6.20)
Current tax liabilities 44.3 27.5 16.8 61.10
Employee benefits 702.8 556.4 146.4 26.31
Short term borrowings 1,327 448.7 878.3 195.74

12,778.7 11,154.2 1,624.5 14.56

430.643.2 12.734.4 38.24 Finance lease payables 13.266.889.1 3.2 5.289.6 335.715.8 14.2 4.3 10.643.4 (1.889.1 3.3 32.9 (4.554.845.Non-current liabilities Borrowings 9.9) (100) Other liabilities 624.47 .074 356.150.6 5.6 0 - Share premium 5.407 (256.734.8 567.59) 43.7 3.4 57.8 401.8) (92.889.1 7.94) Retained profits 36.7 4.982.141.382.520.709.5 333.4 0.782.21 CAPITAL & RESERVES ATTRIBUTABLE TO OWNERS OF THE COMPANY 42.2 9.01 Total equity & liabilites 98.4 94.49) Deffered income 1.779.5 (59) (0.4 38.3 10.01 Total equity 42.5 9.602.1 3.224.3 (1.845.7 4.117 8.5 (9.045 55.734.60 Consumer deposits 3.24) Amounts due to subsidiaries 0 738 (738) (100) Deritative financial instruments 0 4.6) (18.12 Deferred tax liabilities 5.382.1 3.378.938.3 44.845.6 Total net assets 42.584.875.7) (4.01 EQUITY Share capital 5.4 1.02 Employee benefits 9.1 5.863.922.89) Total liabilities 56.2 0 - Other reserves (4.1) (2.4 38.605.4 10.9) (1.3 10.555.

2 1.18) Other operating income 565.800.86) Profit attributable to :- -owners of the company 5.580.4 1.5 0.14 zakat Taxation & zakat (961.1) (309.6 451.6) (602.968.7) (211.7 (1.337.9 5.7 6.58 Foreign exchange (loss)/gain (931.9 111.064.618.449.13 Operating expenses (32.38 Finance cost (1.5 6.7 (349.2) (3.3) (1.9 5.178.1) (4.2 54.3) (59.7 (349.8 109.618.73) Operating profit 8.1) (33.3 7.4) 444.8) (5.893.8) (967.65) Profit for the financial year 5.380.8 593.252 39.487.1) (21.9 (28.86) .8) (5.571 9.618.968.7 (349.HORIZONTAL ANALYSIS FOR COMPREHENSIVE INCOME 2015 2014 INCREASE (DECREASE) (RM’million (RM’million) AMOUNT PERCENT ) (RM’million) (%) Revenue 40.52 Finance income 310 200.376.501.5 21.9 5.81) Profit before taxation & 6.437.44) Profit before finance cost 7.8) (5.86) -non-controlling interest 0 0 0 0 Profit for the financial year 5.3) (359.968.4 1.

4 100 94.640.9 0.1 2.305.7 1.26 194.378.144.57 1.996.693.033.501.6 0.4 5.7 0.152.22 4.848.740.6 3.5 0. 14.76 1.4 0.72 556.143.3 0.91 4.9 1.114.3 5.1 0.65 Amounts due from associates 58.21 Receivables.602.209.5 1.554.07 181.3 5.327 1.51 Current assets Inventories 254.21 Prepaid operating leases 4.9 87.98 5.80 .8 0.3 0.10 Amounts due from subsidiaries 752.7 4.3 0.71 1.25 1.8 12. bank and cash balances 551.7 100 LIABILITIES Current liabilities Payables 6.1 1.002.4 0.59 Short term borrowings 1.2 0.69 1.38 Deferred income 1.27 Associates 70.0 1.61 Current tax liabilities 44.7 0.432.7 12.13 Available for sale financial assets 38 0.1 0.3 1.23 Tax recoverable 0 . plant & equipment 73.56 3.779.2 3.1 4.693.40 1.02 71.7 12.7 0.41 Long term receivables 1.154.04 86.6 75.778.6 0.8 0.76 11.534.02 Prepaid operating leases 130.47 12.03 Employee benefits 702.19 Investment in unquoted debt security 24.9 2.34 448.2 1.04 38 0.16 1.813.24 82.VERTICAL ANALYSIS FOR FINANCIAL POSITION 2015 2014 Amount Percent Amount Percent (RM’million) (%) (RM’million) (%) ASSETS Non-current assets Property.948.7 87.51 Finance lease payables 1.17 Tax recoverable 1.2 1.04 27.13 70.07 Amounts due from subsidiaries 2.1 5.deposits & prepayments 5.5 0.54 566.6 6.4 74.484.02 163.08 Financial assets at fair value through profit/loss 3.2 5.49 4.59 Deposits.043.64 12.11 Amounts due from associates 531.09 Subsidiaries 5.06 74.94 11.445.5 0.898.49 Total assets 98.4 1.564.9 0.176.236.9 1.2 11.

06) Retained profits 36.845.782.4 47.1 41.382.04 32.6 5.555.226.Non-current liabilities Borrowings 9.430.584.150.8 9.863.60 Deferred tax liabilities 5.48 CAPITAL & RESERVES ATTRIBUTABLE TO OWNERS OF THE COMPANY 42.643.26 38.2 5.63 567.5 3.78 Deritative financial instruments 0 .4 43.08 EQUITY Share capital 5.8 13.92 Total net assets 42.141.71 5.4 1.922.36 Deffered income 1.8 44.7 100 .407 1.7) (4.23 8.643.1 41.938.22 Consumer deposits 3.08 Total equity & liabilites 98.605.6 58.48 43.1 34.734.12 Total liabilities 56.9 0.779.30 14.6 5.99 3.734.26 38.01 Other liabilities 624.554.845.97 Share premium 5.08 Total equity 42.520.1 41.49 Amounts due to subsidiaries 0 .7 3.382.602.4 43.94) (4.74 55.50 5.875.715.734.8 0.3 43.709.2 5.045 56.3 37.5 10.81 Finance lease payables 13.45 5.1 5.8) (5.4 100 94. 4.3 15. 738 0.5 9.074 5.69 Other reserves (4.95 9.26 38.845.4 0.4 43.37 Employee benefits 9.16 1.117 9.

51) Profit for financial year 5.571 16.7 15 .44 Finance income 310 0.12 Profit before finance cost 7.17) Other operating income 565.49 Operating profit 8.9 18.8) (2.8 0.800. 0 - Profit for the financial year 5.51 Taxation & zakat (961.96 5.893.178.501.968.3) (84.7 15 Profit attributable to :- -owners of the company 5.580.43) Profit before taxation & zakat 6.6 100 Operating expenses (32.3) (1.968.337.7 20.96 5.7) (2.9 13.618.449.1) (80.VERTICAL ANALYSIS FOR COMPREHENSIVE INCOME 2015 2014 Amount Percent Amount Percent (RM’million) (%) (RM’million) (%) Revenue 40.7 1.35 6.968.51 7.82 6.437.3 18.618.5 16.96 5.93) (967.4) (2.7 15 -non-controlling interest 0 .9 1.39 (602.2 17.77 200.380.9 13.9 13.6) 2.8 1.32 Foreign exchange (loss)/gain (931.618.252 100 39.41 593.59) (33.31) 444.50 Finance cost (1.

09 Employee benefits 747. - Amounts due from subsidiaries 1.907.605.916.1 36.9 2.7 5.1 141.432.473.114.62 Prepaid operating leases 4.6 1.4 1.693.4 2. - 90.236.deposits & prepayments 5.174.8 2.46 Current tax liabilities 47 44.2 1.152.3 3.7 2.84 Amounts due from associates 549.20) Amounts due from associates 18.801.3 27.82 LIABILITIES Current liabilities Payables 8.8 6.9 130.143.02 14.693.305.2 .1 (537.6) (7.053.513.HORIZONTAL ANALYSIS FOR FINANCIAL POSITION 2016 2015 INCREASE (DECREASE) (RM’million) (RM’million) AMOUNT PERCEN (RM’million) T (%) ASSETS Non-current assets Property.5 0 3.256 1.8 1.428.4 0 0.9) (36.327 (1.1 443.779.9 6.9 (40.4 18.29 Total assets 105.10) Amounts due from subsidiaries 1.2 18.93 Available for sale financial assets 38 38 .7 6. plant & equipment 74.7 (18.378.890.029.401. - Investment in unquoted debt security 15.40 Finance lease payables 1.2 1.76) 13.8 531.30) Receivables.2 5.5 - Deposits.3 2.3 70.9 6.778.81 Deritative financial instruments 0.693.62) Tax recoverable 1.875.640.5) (68.786.953. bank and cash balances 1.534.16 Prepaid operating leases 130.5 38.085) (81.848.14 Current assets Inventories 236.76) Financial assets at fair value through profit/loss 4.626.953.7 4.3 (8.4 6.3 .9 2.773.417.9 1. - Long term receivables 1.4 58.46 Subsidiaries 7.8 44.4 9.990 4.176.5 551.8 48.01 Associates 70.3 752.898.132.4 3.2 277.93 Deritative financial statements 3.1 254.7 254.7 1.7 2.3 8.3 98.4 86.3 73.4 24.9 .1 28.04 - Deferred income 1.996.3) (21.602.6 702.4 5.9 12.9 (11) (0.2 1.0 20 1.20 .1 12.37 Short term borrowings 242 1.

284 3.472.10 Total equity 47.2 .513.77 Finance lease payables 11.1 56.8 11.6 624.3 98.141.584.476.26 44.8 (43.89 Total liabilities 58.520.724.4 4.1 3.8 11.117 1.734.124.4 4.Non-current liabilities Borrowings 10.643.6 5.7 345.9 6.7 1.10 EQUITY Share capital 5.91) Deferred tax liabilities 5.55 Total net assets 47.8 (1.3 14 CAPITAL & RESERVES ATTRIBUTABLE TO OWNERS OF THE COMPANY 47.643.2 42.741.7) (19.78) Deffered income 920.258.3 5.7) (382.779.10 Total equity & liabilites 105.3 5.9 9.3 7.9 15.741.8 9.084 43.5 716.2 5.82 .4 6.938.40 Consumer deposits 4.734.3 817.226. - Other reserves (5.1) (10.4 4.2 42.992.7 13.382.97) Other liabilities 581.1 42.863.579.78 Employee benefits 10.733.6 36.403.6 .476.708.2 0.734.430.875.382.1 1.150.2) (4.5) (7. - Share premium 5.2 42.476.045 1.741.8 11.85) Retained profits 41.3 8.417.4 (229.037.2) (6.

57) Other operating income 704.142.3 924.020.1 310 (108.9 13.0 5.4 6.4) (1.0 5.91) Profit before taxation & zakat 7.3 565.142.4) (626.761.4) (961.4 12.761.41 Finance income 201.297.5) (32.2 3. - Profit for the financial year 6.178.8 138.6) (245.761.9 1.272.9 8.1 20.1) (860.33 .63 Taxation & zakat (716.1 20.50) Profit for the financial year 6.5 896.0 5.7 7.2) (931.142.23) Profit before finance cost 8.48 Operating profit 8.1 40.580.449.373.618.33 Profit attributable to :- -owners of the company 6.1 20.9 1.HORIZONTAL ANALYSIS FOR COMPREHENSIVE INCOME 2016 2015 INCREASE (DECREASE) (RM’million (RM’million) AMOUNT PERCENT ) (RM’million) (%) Revenue 41.1 2.437.097.13) Finance cost (1.53 Operating expenses (33.678.8) (81.2) (67.4) (2.7 298.2) (25.4) (6.380.9) (35.252 1.9 1.477.33 -non-controlling interest 0 0 .56 Foreign exchange (loss)/gain (305.5 24.618.618.

432.3 0.3 0.9 1.60 1.3 0.13 12.3 4.132.605.25 Prepaid operating leases 4.71 702.9 0.953.626.02 Tax recoverable 1.deposits & prepayments 5.693.4 74.114.779.24 Current assets Inventories 236.16 Amounts due from subsidiaries 1.69 Deritative financial statements 3.8 1.6 6.778.1 5.57 Amounts due from associates 18.7 12.256 1.23 1.2 1.2 0.898.7 12.5 1.VERTICAL ANALYSIS FOR FINANCIAL POSITION 2016 2015 Amount Percent Amount Percent (RM’million) (%) (RM’million) (%) ASSETS Non-current assets Property.4 85.953.85 551.23 5.04 38 0.02 Subsidiaries 7.3 0.87 86.12 130.907.26 Receivables.4 100 LIABILITIES Current liabilities Payables 8.143.4 0.45 3. bank and cash balances 1.602.4 0.54 Current tax liabilities 47 0.8 0.2 1.152.07 Investment in unquoted debt security 15.534.33 6.19 1.13 Amounts due from subsidiaries 1.693.98 Finance lease payables 1.5 1.40 Deritative financial instruments 0.52 531.378.875. plant & equipment 74.0 1.49 Prepaid operating leases 130.57 5.990 4.1 2.417.4 5.72 Short term borrowings 242 0.9 0.996.916.5 1.04 44.90 0 - Deposits.02 58.76 Amounts due from associates 549.2 3.89 2.4 5.9 0.9 8.22 Associates 70.73 4.2 7.07 70.1 0.01 24.4 0.76 Total assets 105.7 0.6 0.34 1.1 13.693.2 1.176.9 14.513.236.8 0.3 71 73.029.327 1.3 0.06 Financial assets at fair value through profit/loss 4.001 0 - Deferred income 1.71 Long term receivables 1.8 0.22 254.22 12.7 87.848.04 90.1 4.07 1.56 14.640.9 1.94 .4 0.91 Available for sale financial assets 38 0.98 752.786.04 Employee benefits 747.34 13.3 100 98.

734.6 39.643.037.5 9.8 10.430.584.284 4.6 0.06 3.95 44.258.382.45 Other reserves (5.3 43.734.69 13.472.78 43.045 56.579.53 36.7 0.8 0.7 10.6 5.4 1.3 100 98.26 Total equity 47.50 Employee benefits 10.04 CAPITAL & RESERVES ATTRIBUTABLE TO OWNERS OF THE COMPANY 47.1 55 56.520.76 Total liabilities 58.30 Deffered income 920.43 9.10 5.26 Total equity & liabilites 105.63 Deferred tax liabilities 5.35 5.4 43.26 EQUITY Share capital 5.19 5.117 9.Non-current liabilities Borrowings 10.2 45 42.99 Finance lease payables 11.643.4 43.7 3.476.2 5.084 41.734.8 13.513.266.9 9.779.875.141.2 45 42.938.2 5.98) (4.87 1.150.476.3 5.4 43.4 100 .382.476.6 5.94) Retained profits 41.57 624.2 45 42.3 37.7) (4.2) (4.16 Other liabilities 581.74 Total net assets 47.1 5.23 Consumer deposits 4.71 Share premium 5.863.724.97 9.708.

678.96 -non-controlling interest 0 .3 18.96 Profit attributable to :- -owners of the company 6.39 Profit for financial year 6.38 5.380.7 20.51 Finance income 201.9 13.580.252 100 Operating expenses (33.1) (80.59) Other operating income 704.272.12 6.477.5 16.66) (1.96 5.29 7.7 20.8 1.618.178.74) (931.097.77 Finance cost (1. 0 - Profit for the financial year 6.82 Operating profit Foreign exchange (loss)/gain (931.38 5.35 Taxation & zakat (716.93) Profit before taxation & zakat 7.96 .5) (80.6) 2.4 18.41 8.49 310 0.761 13.4) (0.4) (1.618.9 21.9 13.437.373.8) (2.VERTICAL ANALYSIS FOR COMPREHENSIVE INCOME 2016 2015 Amount Percent Amount Percent (RM’million) (%) (RM’million) (%) Revenue 41.3 1.74) (961.297.1 0.761 16.449.68) (32.9 13.71 565.4) (2.761 16.4) (2.03 8.1 100 40.31) Profit before finance cost 8.618.

6 Rm'MILLION 42734.000.00 0.00 60.1 40.000.000.000.00 2015 2014 .00 56045 55709.00 98779.4 100.000.7 80.00 20.4 38845.000.Bar chart : Horizontal Analysis of TNB Berhad on 2015 & 2014 Financial Position : Horizontal Analysis on 2015 & 2014 Assets Liabilites Equity 120.00 94554.

Pie chart : Vertical Analysis of TNB Berhad on 2015 & 2014 13% 87% Non-current assets Current assets 43% 57% Liabilities Equity .

00 20.00 0.000.00 2016 2015 .000.00 80.2 43266.000.Bar chart : Horizontal Analysis of TNB Berhad on 2016 & 2015 Financial Position : Horizontal Analysis on 2016 & 2015 Assets Liabilities Equity 120.00 105513.4 100.4 40.3 98779.00 Rm'MILLION 60.000.3 42734.000.00 4408447476.000.

Pie chart : Vertical Analysis of TNB Berhad on 2016 & 2015 14% 86% Non-current assets Current assets 48% 52% Liabilities Equity .