Financial Highlights
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Year / Quarter
The table below sets out a summary of our proforma consolidated income statements for the past 3 financial years up to FYE 31 December 2009, prepared on the assumption that our Group has been in existence throughout the financial years under review.
The proforma consolidated income statements were prepared for illustrative purposes only and should be read in conjunction with the accompanying notes and assumptions included in the proforma consolidated financial information set out in Section 8.7 of Kimlun Corporation Berhad’s Prospectus.
<-------------- Proforma --------------> <-------- Actual -------->
  (Audited) (Audited)
2007 2008 2009 2010 2011
RM'000 RM'000 RM'000 RM'000 RM'000
Revenue 366,276 413,255 435,413 527,593 652,134
Cost of sales (318,897) (366,428) (374,307) (463,463) (572,876)
Gross profit 47,379 46,827 61,106 64,130 79,257
Other operating income 1,164 1,139 1,430 3,907 4,672
Selling and administrative expenses (12,551) (15,921) (17,336) (17,176) (22,509)
35,992 32,045 45,200 50,861 61,421
Finance costs (2,150) (2,816) (2,354) (2,927) (3,130)
Profit Before Taxation (PBT) 33,842 29,229 42,846 47,934 58,291
Taxation (8,036) (7,029) (11,319) (11,375) (15,617)
Profit After Taxation (PAT) 25,806 22,200 31,527 36,559 42,674
Attributable to:
Owners of the Company 25,806 22,200 31,527 36,559 42,712
Non-controlling interests - - - - (37)
  25,806 22,200 31,527 36,559 42,674
Enlarged / Proforma Number of Shares Issued ('000) (1) 165,000 165,000 165,000 229,000 229,000
Earnings Before Interest, Tax, Depreciation & Amortisation (EBITDA) (RM'000) 39,601 36,066 49,088 55,943 68,017
Gross Profit Margin (%) 12.94 11.33 14.03 12.16 12.15
PBT Margin (%) 9.24 7.07 9.84 9.09 8.94
PAT Margin (%) 7.05 5.37 7.24 6.93 6.54
Earnings Per Share (sen) (2) 11.27 9.69 13.77 15.96 18.65
Gross Dividends Per Share (sen) N/A N/A N/A 4.80 5.10(3)
Notes:-
(1) For the financial year ended 2010, it is based on the enlarged issued and paid-up share capital of 229,000,000 Shares after the Company's listing on the Main Market of Bursa Malaysia Securities Berhad on 29 June 2010. For the financial years ended 31 December 2007 to 2009, the proforma enlarged issued and paid-up share capital of 165,000,000 Shares is assumed on the assumption that the Group has been in existence throughout the period.
(2) Calculated based on PAT attributable to equity holders of the Company for the respective financial years divided by the enlarged share capital of 229,000,000 Shares.
(3) The Gross Dividends Per Share is included 3.1 sen final dividend which is subject to shareholders' approval in 2012 AGM.
Basis of Preparation:-
  1. The proforma consolidated income statements for FYE 2007 to FYE 2009 have been prepared for illustrative purposes, based on the audited financial statements of Kimlun Corporation Berhad (KIMLUN) for the FPE 31 December 2009, audited financial statements of KLSB for the past 3 financial years, i.e. FYE 31 December 2007 to FYE 31 December 2009, time apportionment of audited financial statements of SPC Industries Sdn Bhd (SPC) for the past 3 financial years, i.e. FYE 31 March 2007 to FYE 31 March 2009 and 9-month FPE 31 December 2009, and audited financial statements of I-Buildtech Solutions Pte Ltd (IBT) for the FPE 31 December 2008 and FYE 31 December 2009.
  2. The consolidated income statements for FYE 2010 have been prepared based on the audited financial statements of KIMLUN, KLSB, SPC, IBT and Kimlun Land Sdn Bhd for FYE 2010.
  3. The proforma consolidated financial statements have been prepared based on the assumption that KIMLUN Group has existed through out the financial period/years. KIMLUN completed its restructuring only on 10 May 2010 on which the Group has only existed.
  4. For the purpose of preparation of proforma consolidated financial information, the financial statements of our subsidiaries were converted to comply with applicable FRS in Malaysia. The audited financial statements of KLSB for FYE 31 December 2007 to FYE 31 December 2008, and SPC for FYE 31 March 2007 to FYE 31 March 2009 were converted from PERS to applicable FRS in Malaysia and IBT for FPE 31 December 2008 and FYE 31 December 2009 were converted from Singapore FRS to applicable FRS in Malaysia, for the purpose of this report. The adoption of the applicable FRS in Malaysia did not have any material financial effect on the financial statements of our subsidiaries.
  5. The audited financial statements of KIMLUN, KLSB and SPC for the FYE/FPE 31 December 2009 and audited financial statements of KIMLUN, KLSB and SPC for FYE 2010 have been prepared in accordance with the applicable FRS in Malaysia. The audited financial statements of IBT for FYE 2010 were converted from Singapore FRS to applicable FRS in Malaysia.
  6. All figures in the financial statements of IBT stated in SGD have been converted to RM based on the exchange rate as at the end of the respective financial period/years.