42 DATASONIC GROUP BERHAD PERSPECTIVE 03 Capital Structure and Capital Resources Amid the uncertainties and challenges arising from the lingering effects of the pandemic as well as the global economic landscape, Datasonic’s robust balance sheet enabled us to navigate the difficult terrain with strength and resilience. As at 31 March 2023, Datasonic’s total assets rose RM64.6 million to RM465.4 million versus RM400.8 million last year. This was predominantly owing to higher trade receivables in line with the increase in revenue. Meanwhile, total cash holdings increased by RM36.8 million to RM157.6 million. Total liabilities, on the other hand, stood at RM105 million as at end-FY2023. This was a rise of RM46.7 million from RM58.3 million in the previous year, stemming from increase in trade payables and short-term borrowings primarily to fund the working capital requirement. As at the end of the financial year under review, total equity amounted to RM360.4 million as compared to RM342.5 million at end-FY2022. Net Gearing, Cash Per Share & Net Operating Cash Flow (“NOCF”) The rise in the total cash holdings along with lower total borrowings enhanced Datasonic’s net cash position as of end-FY2023 with cash per share of 5.3 sen. We have been in a net cash position in the past two (2) financial years. Separately, Datasonic generated a positive NOCF of RM73.3 million in the financial year under review. MANAGEMENT DISCUSSION & ANALYSIS DIVIDENDS For FY2023, we upheld the trend of consistently rewarding our shareholders with dividend every year since our listing in 2012. Datasonic is committed to providing our shareholders with a stable and reliable stream of dividends, which we believe is a crucial way to express our gratitude for their steadfast support. At the same time, we recognise the importance of preserving adequate reserves to fuel our future growth, and thus we carefully balance these priorities in all of our financial decision-making. Datasonic declared and paid four interim dividends totalling to 2.0 sen per ordinary share, which amounted to RM56.7 million. This was higher than the 0.6 sen per share declared last year in line with the strong improvement in our financial performance in the financial year under review. Dividend payout ratio for FY2023 works out to 74.2% based on RM76.4 net profit. Dividend Payout Every Year since Our Listing in 2012 74.2% Dividend Payout of FY2023 Net Profit
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