MANAGEMENT DISCUSSION & ANALYSIS DIVIDENDS Consistent with its dividend commitment of returning at least 50% of PAT to shareholders, annually, Matrix in FY2023 shall pay out total dividends of 9.25 sen, after adjustment, amounting to total payout of RM103.2 million. The payout is equivalent to 50.9% of the Group’s FY2023 PAT, providing shareholders with a 5.7% 12-month trailing dividend yield in respect of the financial year. Matrix continues to be among the most consistent and lucrative dividend paying companies listed on Bursa Malaysia’s Main Board. ASSETS AND LIABILITIES In FY2023, Group assets stood at RM2.64 billion, 0.7% higher year-on-year. Matrix’s asset position remains healthy, far exceeding liabilities and is able to effectively discharge all financial commitments and meet its working capital requirements going forward. Off note, Matrix, on 24 August 2022, announced the proposed acquisition of 1,382 acres of landbank located within the Malaysia Vision Valley (“MVV”) corridor. The consideration for the said land was RM460 million and happens to be the biggest property land deal in Malaysia over the past five years in terms of acreage. The purchase is expected to enhance the sustainability of the Group’s property development activities beyond 2030, in addition to providing significant growth avenues for Matrix with its first product launch, anticipated in FY2026. Quarterly Net Profit (RM’mil) 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 32 52 60 61 47 51 54 55 Non-Current Assets FY2023 (RM’000) FY2022 (RM’000) Difference (%) Property, plant and equipment 210,693 219,181 (3.9) Right-of-use assets 2,743 2,863 (4.2) Investment properties 30 62 (51.6) Investment in joint venture company 143,174 140,402 (2.0) Inventories 773,536 802,960 (3.7) Other receivables, deposits and prepayments 36,331 38,734 (6.2) Deferred tax assets 36,976 22,580 63.8 Goodwill arising on consolidation * * - Total Non-Current Assets 1,203,483 1,226,782 (1.9) * Represents RM1.00 Location of MVV land as outlined under the proposed acquisition INTEGRATED ANNUAL REPORT 2023 MATRIX CONCEPTS HOLDINGS BERHAD 46 KEY MESSAGES
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