ASSETS AND LIABILITIES Matrix’s asset position remains healthy, far exceeding liabilities and is able to effectively discharge all commitments and financial obligations going forward. In FY2024, Group assets stood at RM2.69 billion, 2.0% higher year-on-year compared to RM2.64 billion in FY2023. Non-current assets as at 31 March 2024 recorded RM1.13 billion, a decrease of 6.0%, mainly due to higher launches in FY2024, resulting in lower non-current inventory as land is transferred to current inventory once development commences. NON-CURRENT ASSETS FY2024 (RM’000) FY2023 (RM’000) Difference (%) Property, Plant and Equipment 203,810 210,693 (3.3) Right-of-use assets 4,769 2,743 73.9 Investment properties 15 30 (50) Investment in joint venture Company 143,991 143,174 0.6 Inventories 721,223 773,536 (6.8) Other receivables, deposits and prepayments 29,403 36,331 (19.1) Deferred tax assets 28,046 36,976 (24.2) Goodwill arising on consolidation * * - TOTAL NON-CURRENT ASSETS 1,131,257 1,203,483 (6.0) * Represents RM1.00 CURRENT ASSETS FY2024 (RM’000) FY2023 (RM’000) Difference (%) Inventories 464,089 397,614 16.7 Trade and other receivables 709,704 778,768 (8.9) Deposits, cash and bank balance 375,578 250,232 50.1 Current tax assets 9,301 8,321 11.8 Total current Assets 1,558,672 1,434,935 8.6 TOTAL ASSETS 2,689,929 2,638,418 2.0 NON-CURRENT LIABILITIES FY2024 (RM’000) FY2023 (RM’000) Difference (%) Borrowings 85,069 77,623 9.6 Lease liabilities 3,417 2,182 56.6 Other payables, deposits, accruals and provision 20,441 24,510 (16.6) Deferred tax liabilities 48 250 (80.8) TOTAL NON-CURRENT LIABILITIES 108,975 104,565 4.2 CURRENT LIABILITIES FY2024 (RM’000) FY2023 (RM’000) Difference (%) Trade and other payables 365,603 357,172 2.4 Borrowings 46,585 145,112 (67.9) Lease liabilities 1,619 784 106.5 Dividend payable 31,284 25,027 25.0 Bank overdrafts 13,716 17,903 (23.4) TOTAL CURRENT LIABILITIES 458,807 545,998 (16.0) TOTAL LIABILITIES 567,782 650,563 (12.7) MANAGEMENT DISCUSSION & ANALYSIS KEY MESSAGES MATRIX CONCEPTS HOLDINGS BERHAD 44
RkJQdWJsaXNoZXIy NDgzMzc=