KERJAVA PROSPEK GROUP BERHAD (122592-U) ‘ANNUAL REPORT 2018 Statements of Financial Position a at 31° December 2018 Group Company Note 2018, 2017 2017 RM RM RM ASSETS Non-current assets Properly plant and equipment 4 160,617,955 145,324,938 26,100 29,700 Investment properties 5 2.592815 5.142.200 - - Investment in subsidiaries 6 - = 462,864,493 462,864,493 Other investments 7 8,200,906 13,068,990 - - Intangible assets 8 353,155,328 353,186,448 - - TWade and other receivables 10 166,278,121 136,357,643 - - 690,845,125 452.080.219 462,890,593 462,894,193 Current assets Inventories 11 104,366,408 71,804,992 - - Tode and other receivables ‘10 -241,791,753 238,516,260 187,852,273 119,678,688 Contract assets 12 39,157,800 33,848,307 - - Tox recoverable 1,715,572 2.988.987 177,485 136.471 Cash and bank balances 15 252,635,237 185,475,523 62,883,045 78,381,955 639,666,770 532,574,029 280,612,773 198,197,114 TOTAL ASSETS 1,330,511,895 1,184,654,248 713,503,366 661,091,307 EQUITY AND LIABILITIES Equity attributable to equity holders of the Company share capital 16 642,658,306 642,658,306 642,658,306 642,658,306 Treasury shares 17 (8,056,108) = 8,056,108) - Reserves 18 "675,709 726,227 - - Retained proft 341,474,802 234,367,330 72,826,097 14,973,113 976,752,709 877,749,863 707,428,295 687,631,419 Non-controlling interests 2,001,856 1,861,779 - - TOTAL EQUITY 978,754,565 879,611,642 707,428,295 657,631,419 Non-current liabilities Deferred tox kabilties 9 7,010,068 8,046,160 - - Trade and other payables 19 89,506,826 49,017,495 = - 66,516,894 57,063,655 - -KERJAVA PROSPEK GROUP BERHAD (122597 ) ‘ANNUAL REPORT 2018 Statements of Financial Position (Cont'd) Group Company Note 2018 2017 2018 2017 mM RM RM mM Curent Habits Trede and otherpayables —«19-—*183,159.406 145,944.01 6075071 —3,459.888 Contact kabities 12 ‘3396879 91.894421 ~ - Income tax payette 2.760981 10.140.469 = = Short term borrowing 20 60,128,470 - = = 285,240,436 247,978.91 6075071__3,409.888, TOTAL LABILTIES 351,757,330 305.042.6056075071 3,409,888, TOTAL EQUITY AND LIABILITIES _1,330,511,895 | 1.184.654.248 778,603,366 _661,091.307KERJAVA PROSPEK GROUP BERHAD (122592-U) ‘ANNUAL REPORT 2018 Statements of Profit or Loss and Other Comprehensive Income forthe year ended 31° December 2018 Group Company Note 2018 2017 201 2017 RM RM RM, RM Revenue 21 1,068,761,700 955,669,306 80,000,000 51,500,000 Cost of sales 22 (862,352,946) (770,468,154) - - Gross profi 206,408,754 185,201,162 80,000,000 51,500,000 Other operating income 23 18,373,105 19,881,003 3,734,373 3.237.385 224,781,859 205,082,165 83,734,373 84,737,385 ‘Administrative expenses (81,767,022) (27,907,541) (1.016.344) (669,286) Other operating expenses 6.602.385) (116.512) (83.455) - Proft ftom operations 187,412,452 177,058,102 82,684,574 $4,068,099 Finance costs 24 (7.742.683) (8.486.745) - (114.580) Proft before tention 25 179,669,769 168,571,357 82,684,574 93,953,519 Taxation 28 (41,330,699) (42.502.081) - (24.297) Proft after tention 138,339,070 126,069,276 82,684,574 53,829,222 Other comprehensive expenses: ltem that is or may be reclassified subsequently to proft or loss ~ Foreign currency translation 18 (48,518) 399.955 - - Total comprehensive income for the yoor 138,290,552 126.469.2381 82,684,574 $3,829,202 Proft for the year attributable to: ‘Owners of the Company 138,198,993 124,740,059 Non-controling interest 140,077 1,329,217 138,339,070 126,069,276 Total comprehensive income attributable to: Owners of the Company 198,150,475 125,140,014 Non-controling interest 140,077 1,329,217 138,290,552 126.469,231 Eamings per shore ottributable to Owners of the Company (sen) 2 1.13 23.37 Diluted eamings per share (sen) 29 10.01 23.87 The annexed notes form an integral part of these fnancil statements.KERJAVA PROSPEK GROUP BERHAD (122592-U) ‘ANNUAL REPORT 2018 for the year ended 31°" December 2018 Statements of Changes in Equity S9S'PSL'8L6 9S8'L00'% —-ZOR'PLY'IyE 60L'S29 (B01'9S0'8)_ 908’8s9°%79 210 Iequiscad ISLE I (oes'tee'va) - (oos'iee'72) = - - - of pid puaping, (gov9so'a) - - - - (or9so's) - se10ys Aunsoey, Jo esoyoindey, ess'oec'ee | L20'0PL = e686I'REL- @iser) = - apek ou 10} ‘ewoou! 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o10uS zavestz - Giveeso) = - coo'oe'ee sd0¥ jo olsanuoo - vivoqv'6l = - - 8Se'Loy - 9LL'SOO'6L L£L0Z/ £002 {UOUIOM Jo asjqexg - (| jubniind sospu Jo 2ounnsy| ouu'seoreis - (eo'st0's) aie'ezs'9e evt'600%0re - za'eesse Zoe Aonwer LIV Auodwieg (@L20N) (LION) wa wa wa was wa rere [euedwoo fenerey —Seioys—foudoo ton Aunbo: Ainspai, albus. saa <— arapinguysig —> 216 )nquysip-uon >KERJAVA PROSPEK GROUP BERHAD (122592-U) ‘ANNUAL REPORT 2018 Statements of Cash Flows for the year ended 31°" December 2018 Group ‘Company Note 2018 2017 2018 2017 RM RM RM RM CASH FLOWS FROM OPERATING ACTIVITIES Profit before taxation 179,669,769 168,571,357 82,684,574 53,953,519 Adjustments for ‘Amortisation of intangible asset 31,120 34,073 - - Allowance for impaitment losses on = trade and other receivables 4,665,919 116512 - + cash ond bank balances 121,846 . : - Bad debt written off 10,504 10,000 - - Depreciation of property, plant and equipment 32,810,285 23,782,967 3,600 3.600 Dividend income - = (80,000,000) (51,500,000) Interest income (6,398,041) (4,650,087) (2.807.399) (1.437.385) Interest expenses 217,681 90,699 - - Gain on disposal of property plant and equipment ‘and investment properties (Nef) (765,925) (2,438,000) - Net fair value agjustments 2,708,240 4,151,795 - Allowance for diminution of investment 4.819.762 1.983.899 - - Reversal of allowance for doubtful debs - - (697,317) (1,800,000) Property. plant and ‘equipment writen off 54,036 - - - Realise gain on foreign exchange ® - - - Operating profi/ (Joss) before working capital changes 218,942,188 191,623,215 (716,542) (780,266) (Increase) /decrease in inventories: - property under development (45,136,330) 4,500,918 - - -others 359.499 (620,800) - - = investment propertios (83,495,704) (6,338,060) - - (Increase) /decrease in trade and other receivables (45,254,172) (26,004,339) (67,276,268) 10,859,450, Decrease/ (increase) in contract assets 21,086,563 (14,098,316) ~ = Increase/(decrease) in trade and other payables 46,511,812 10,147,516 2,615,183 2,485,534 (Decrease) increase in contract liabililies (43,784,549) 3,699,218 - - Cash generated from/(used in) operations 119,229,307 164,009,352 (65,377,627) 12,564,718 Interest received 5,398,041 4,650,087 2,807,399 1,437,385 interest paid (217,681) 90.699) - - Income taxes refund - 376,963 - : Income taxes paid (43,984,040) (38,895,124) (40,984) (103,792) Not cash generated from/(used in) operating activities 80,425,627 130,050.579 (62,611,212) 13,898,311KERJAVA PROSPEK GROUP BERHAD (122592-U) ‘ANNUAL REPORT 2018 Statements of Cash Flows (Cont'd) Group Note 2018 2017 RM RM (CASH FLOWS FROM INVESTING ACTIVITIES Purchase of property, plant and equipment (60,135,299) (53,288,316) Purchase of other investment = 4979.89) Acquistion of subsidiary companies - Proceed from disposal of property, plant and equipment 9,693,811 7,011,360 Dividend received, net - - Company 02) 80,000,000 51,500,000 Net cash (used in)/generated trom investing octivities (40,441,488) (61,256,845) 80,000,000 51,499,988 ‘CASH FLOWS FROM FINANCING ACTIVITIES Dividend paid (24,831,590) (30,817,017) Purchase of lreasury shares (8,056,108) - Payment of shore issuance expenses - 80.118) Proceeds from issuance of share capital = 19,005.116 Proceeds from issuance of share capital to NCI - 3 Proceeds from exercise of warrant - 461,358 (24,831,590) (30,817,017) 3,056,108) (30,118) = 19,005,116 : 461,358 Net cash used in (2,887,698) (11,380,661) financing activities (82,887,698) (11,380,658) Net increase in cash and cosh equivalents 7,096,441 §7.413.076 Effect of foreign exchange rate changes aga) 399,955, Cash and cash equivalents at beginning of year 185,415,523 127,602,492 (15.498,910) 94,017,638 78,381,955 24,364,317 Cash and cash equivalents at end of year A 192,511,767 185,415,523 62,883,045 78,381,955 NOTE A. CASH AND CASH EQUIVALENTS Cosh and cash equivalents included in the statements of cash flows comprise the following statements of financial position amounts: Group 2018, 2017 RM RM Cash and bonk balances 252,787,083 185,415,523 Less: Aliowanes for ECL (121,846) - Short term borrowing —__(60.123.470) - Company 2018 2017 RM RM 62,884,321 78,381,955 (1.276) - 192,511,767 185,415,523 62,883,045 78,381,955