Malaysia Stainless Steel Manufacturer -K.Seng Seng Corporation Bhd 
   
 
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Financial Data


 
    2016 2015 As at 1.1.2017
  Note RM RM RM
 
 
Revenue
4  
 102,176,423
96,962,680
 
Cost of sales
 
 (82,722,436)
(81,430,431)
 
Gross profit  
 19,453,987
15,532,249
 
 Other income  
535,613
749,251
 
   
Selling and distribution costs  
 (2,566,244)
(2,423,943)
 
Administrative costs  
 (8,373,390)
(7,455,070)
 
Other costs  
 (2,704,792)
(2,527,406)
 
   
 (13,644,426)
(12,406,419)
 
   
Profit from operations  
 6,345,174
3,875,081
 
Finance costs  
 (1,301,497)
(1,264,849)
 
Share of result of an associate  
348,972
275,607
 
Profit before tax
5,392,649
2,885,839
 
Income tax expense
(1,352,844)
(711,870)
 
Profit net of tax, representing total  
 
 
 
   comprehensive income for the financial year  
 4,039,805
2,173,969
 
   
Total comprehensive income attributable to:  
3,807,394
1,886,546
 
Owners of the parent  
 232,411
287,423
 
Non-controlling interest  
4,039,805
2,173,969
 
   
 
 
 
   
Earnings per share attributable to  
 
 
 
   owners of the parent (sen per share)  
 
   
Basic
 3.97
1.97
 
Diluted
 3.97
1.97
 
   
The annexed notes form an integral part of, and should be read in conjunction with, these financial
statements.
 
   
Group
Company
   
2016
2015
2016
2015
 
Note  
RM
RM
RM
RM
 
 
ASSETS
Non-current assets  
 
 
 
 
Property, plant and equipment
 11,564,411
12,199,169
 6,581,242
6,702,631
Investment in subsidiaries
10 
-
-
 32,975,004
32,975,004
Investment in an associate
11 
  3,954,749
2,981,581
820,000
820,000
Goodwill
 
 -
-
-
-
Deferred tax assets
13 
 402,600
721,950
-
-
   
 15,921,760
16,526,896
 40,376,246
40,497,635
   
Current assets
Inventories
14 
50,721,028
43,206,298
 -
-
Trade receivables
15 
 44,652,696
39,943,833
-
-
Other receivables, deposits and prepayments
16 
1,866,667
1,581,479
  166,313
178,633
 Amount due from subsidiaries
17 
-
-
 26,666,153
23,051,611
Tax recoverable  
1,517,197
933,773
181,529
-
Cash and bank balances
18 
  12,430,417
5,045,999
  4,233,114
 1,016,845
   
   
 111,188,005
90,711,382
31,247,109
24,247,119
TOTAL ASSETS  
 127,109,765
     107,328,278  71,623,355
64,744,754
   
 
   
Group
Company
   
2016
2015
2016
2015
 
Note  
RM
RM
RM
RM
 
 
EQUITY AND LIABILITIES
Share capital
19 
48,000,000
48,000,000
48,000,000
48,000,000
Share premium
20 
514,639
514,639
514,639
514,639
Retained earnings
21 
 27,751,070
24,711,636
  1,417,535
1,894,718
Equity attributable to owners of the parent
  
 76,265,709
73,226,315
49,932,174
50,409,357
Non-controlling interest
  
 1,732,147
 1,499,736
-
-
Total equity  
 77,997,856
74,726,051
 49,932,174
50,409,357
 
Liabilities
Non-current liabilities
Bank borrowings
22 
  1,499,001
1,393,789
-
-
Deferred tax liabilities
13 
145,865
189,647
121,840
120,827
 
  
  1,644,866
1,583,436
121,840
120,827
 
  
 
 
 
 
Trade payables
24 
 9,939,640
6,120,012
-
-
Other payables and accruals
25 
 6,498,090
4,010,383
 890,022
857,378
Downpayment from customers         7,598,299          2,057,270                     -                     -
Bank borrowings
22 
 23,342,842
18,741,126
-
-
Amount due to subsidiaries
17 
-
-
 20,412,452
13,011,438
Tax payable
  
 88,172
-
-
91,313
 
 
 47,467,043
30,928,791
 21,569,341
14,214,570
Total liabilities
 
 49,111,909
32,512,227
 21,691,181
14,335,397
TOTAL EQUITY AND LIABILITIES  
127,109,765
107,238,278
 71,623,355
64,744,754