Padini

Padini



Latest Balance SheetBalance Sheet as at 30 June 2010

*All figures in MYR'000 *Re-statement Excluded

Reclassified & normalised data for comparative use.

CURRENT ASSET   Cash & Securities 154,940 Stocks 76,554 Debtors/Receivable 32,831 Others 0     TOTAL CURRENT ASSET 264,325     NET CURRENT ASSETS 152,974 LAND & BUILDING 30,893 PLANT & MACHINERY 51,730 INVESTMENTS & OTHERS 2,643 INTANGIBLE ASSETS 6,991                         TOTAL NET ASSETS 245,231

CURRENT LIABILITES   Short-term Loans 26,128 Creditors/Payables 78,358 Taxation 6,865 Dividends 0 others 0 TOTAL CURRENT LIABILITIES 111,351     LONG-TERM LIABILITIES 10,899 MINORITY INTEREST 0 SHAREHOLDER'S FUND preferred Stock 0 Common Stock 65,791 Treasury Stock 0 Share Premium 3,772 Accumulated Earnings 165,875 Reserves 1,106 TOTAL SHAREHOLDERS' FUND 234,332     TOTAL L/T LIAB + MI + NET WORTH 245,231

Latest PROFIT & LOSSPROFIT & LOSS as at 30 June 2010

*All figures in MYR'000 *Re-statement Excluded

Reclassified & normalised data for comparative use.

TURNOVER	520,880
Other Revenue	5,789
OPERATING PROFIT	87,374
Share of Associated Co P&L	0
Exceptional Items	0
Taxation	25,306
PROFIT AFTER TAX	0
Extraordinary Items	0
Minority Interest	0
NET PROFIT	60,974

Latest CASH FLOWCASH FLOW as at 30 June 2010

*All figures in MYR'000 *Re-statement Excluded

Reclassified & normalised data for comparative use.

Operating Activities	93,396
Investing Activities	26,351
Financial Activities	3,084
Effect of Exchange Rate	0
Net Cash	70,129
Cash b/f	64,896
Cash & Bank Balance	135,025
Deposits	0
Overdraft	0
Cash c/f	135,025

Latest Rolling 4 Quarter/Segment# Results

Quarterly Results

SELECT YEAR   20112010200920082007200620052004200320022001

Q2 Q3 Q4 Q1 Q2 Rolling 4 Qtrs/ Segment 12-2009 03-2010 06-2010 09-2010 12-2010 CURRENCY MYR MYR MYR MYR MYR MYR Turnover ('000)* 128,395 139,433 114,389 136,641 141,814 532,277 Profit before Tax ('000)* 16,612 23,820 18,653 25,651 20,264 88,388 Net Profit ('000)* 11,520 17,266 11,807 18,349 14,484 61,906 EPS (cent/sen)** 8.750 13.120 8.970 13.950 11.010 9.409*** DIVIDEND CURRENCY MYR MYR MYR MYR MYR MYR DPS (cent/sen) 7.500 7.500 0.000 2.000 0.000 9.500 Special DPS (cent/sen) 0.000 0.000 0.000 0.000 0.000 0.000

IMPORTANT NOTE ON QUARTERLY RESULTS

Historical Rolling 4 Quarter Results

Historical Quarterly EPS VS Audited EPS

Year Q1 Q2 Q3 Q4 12Month Audited EPS 2001 2.420 14.160 0.990 7.000 24.57 22.5000 2002 -0.120 18.670 4.830 -4.560 18.82 15.2000 2003 6.090 14.450 10.920 -7.960 23.5 23.4000 2004 4.350 14.330 4.350 -3.720 19.31 10.4000 2005 2.150 12.400 11.960 3.850 30.36 29.1000 2006 9.890 19.320 10.120 4.810 44.14 44.1000 2007 5.850 17.980 15.320 9.760 48.91 24.2400 2008 8.780 11.150 10.500 2.010 32.44 31.7100 2009 13.760 11.220 8.380 4.270 37.63 37.6400 2010 15.310 8.750 13.120 8.970 46.15 46.3400 2011 13.950 11.010 - - 24.96 -

10-YR BALANCE SHEET10-YR BALANCE SHEET

*All figures in '000 *Re-statement Excluded

Reclassified & normalised data for comparative use.

BALANCE SHEET	@ 2010-06-30	@ 2009-06-30	@ 2008-06-30	@ 2007-06-30	@ 2006-06-30	@ 2005-06-30	@ 2004-06-30	@ 2003-06-30	@ 2002-06-30	@ 2001-06-30
CURRENCY	MYR	MYR	MYR	MYR	MYR	MYR	MYR	MYR	MYR	MYR
CURRENT ASSETS
Cash & Securities	154,940	84,566	41,664	52,098	44,464	33,340	21,594	19,746	13,723	11,531
Stocks	76,554	91,878	116,113	64,041	51,397	41,901	34,935	36,670	31,966	39,877
Debtors/Receivables	32,831	33,064	30,377	25,982	22,260	21,616	17,873	18,802	19,925	18,948
Others	0	0	1,716	0	0	0	0	0	0	0
TOTAL CURRENT ASSETS	264,325	209,508	189,870	142,121	118,121	96,857	74,402	75,218	65,614	70,356
CURRENT LIABILITIES
Short-term Loans	26,128	28,636	25,002	3,847	2,057	2,298	3,515	5,599	7,356	9,448
Creditors / Payables	78,358	45,897	61,824	40,118	27,090	23,989	15,439	12,887	10,204	13,242
Taxation	6,865	8,740	4,796	4,753	2,909	2,593	678	1,190	2,135	3,707
Dividends	0	0	0	0	0	0	0	0	0	0
Others	0	0	0	0	0	0	0	0	0	0
TOTAL CURRENT LIABILITIES	111,351	83,273	91,622	48,718	32,056	28,880	19,632	19,676	19,695	26,397
NET CURRENT ASSETS	152,974	126,235	98,248	93,403	86,065	67,977	54,770	55,542	45,919	43,959
TOTAL LONG-TERM ASSETS
Land & Building	30,893	31,326	30,571	30,117	24,357	14,549	16,416	11,978	12,854	13,056
Plant & Machinery	51,730	47,155	42,703	21,940	11,591	14,470	14,574	13,509	16,087	14,250
Investments	2,643	2,731	1,170	1,556	697	2,232	744	769	796	188
Intangible Assets	6,991	0	0	0	1,834	2,484	1,006	121	152	60
LONG-TERM ASSETS	92,257	81,212	74,444	53,613	38,479	33,735	32,740	26,377	29,889	27,554
SHARE HOLDERS' FUND
Paid Up Capital	65,791	65,791	65,791	65,591	63,585	62,415	61,812	40,002	40,000	30,000
Share Premium	3,772	3,772	3,772	3,348	1,195	802	749	1	0	4,179
Accumulated Earnings	165,875	134,507	100,764	73,752	54,166	37,796	24,134	41,372	35,098	35,935
Other Reserves	-1,106	-27	-849	-350	-101	213	0	0	0	0
TOTAL SHAREHOLDERS' FUND	234,332	204,043	169,478	142,341	118,845	101,226	86,695	81,375	75,098	70,114
MINORITY INTEREST	0	0	0	326	305	276	230	223	211	206
LONG-TERM LIABILITIES	10,899	3,404	3,214	4,349	5,394	210	585	321	499	1,193

10-YR PROFIT & LOSS

10-YR PROFIT & LOSS

*All figures in '000 *Re-statement Excluded Reclassified & normalised data for comparative use. PROFIT & LOSS @ 2010-06-30 @ 2009-06-30 @ 2008-06-30 @ 2007-06-30 @ 2006-06-30 @ 2005-06-30 @ 2004-06-30 @ 2003-06-30 @ 2002-06-30 @ 2001-06-30 CURRENCY MYR MYR MYR MYR MYR MYR MYR MYR MYR MYR TURNOVER 520,880 475,477 383,306 316,866 286,107 243,263 207,712 187,774 173,341 165,712 OPERATING PROFIT 87,374 69,135 58,428 44,346 39,796 25,911 11,931 15,351 11,590 9,851 PROFIT/LOSS BEFORE TAX 86,280 67,610 57,659 44,007 39,561 25,573 11,573 15,366 11,620 9,851 NET PROFIT/LOSS TO SHAREHOLDERS 60,974 49,533 41,715 31,442 27,732 18,079 6,341 9,363 6,065 6,741 ( Inclusive of ) Depreciation (21,736) (19,667) (12,477) (8,081) (7,624) (8,510) (8,584) (6,955) (6,537) (5,097) Interest (1,094) (1,525) (769) (339) (172) (310) (358) (623) (1,090) (1,178) Taxation (25,306) (18,077) (15,909) (12,565) (11,779) (7,389) (5,210) (5,979) (5,534) (3,093) *All figures in '000 BASIC EPS (CENT/SEN) 46.34 37.64 31.71 24.24 44.10 29.10 10.40 23.40 15.20 22.50 DIVIDEND CURRENCY MYR MYR MYR MYR MYR MYR MYR MYR MYR MYR GROSS DIVIDEND 0.15 0.14 0.18 0.25 0.13 0.15 0.10 0.10 0.05 0.05

10-YR Cash Flow10-YR Cash Flow

*All figures in '000 *Re-statement Excluded

Reclassified & normalised data for comparative use.

CASH FLOW	@ 2010-06-30	@ 2009-06-30	@ 2008-06-30	@ 2007-06-30	@ 2006-06-30	@ 2005-06-30	@ 2004-06-30	@ 2003-06-30	@ 2002-06-30	@ 2001-06-30
CURRENCY	MYR	MYR	MYR	MYR	MYR	MYR	MYR	MYR	MYR	MYR
Operating Activities	93,396	63,202	5,073	26,999	17,802	21,220	16,467	11,615	16,128	3,366
Investing Activities	-26,351	-19,442	-34,710	-23,502	-12,126	-8,296	-13,830	-3,237	-8,831	-7,277
Financial Activities	3,084	-290	19,555	4,273	5,566	-1,179	195	3,516	-3,756	-718
Net Cash	70,129	43,470	-10,082	7,770	11,206	11,745	2,832	11,894	3,541	-4,629
Cash b/f	64,896	22,151	51,746	44,600	33,257	21,595	18,762	6,869	3,328	7,937
Cash & Bank Balance	135,025	65,621	41,664	30,232	30,901	15,322	21,594	0	13,723	9,033
Deposits	0	0	0	21,866	13,563	18,018	0	19,746	0	0
Overdraft	0	0	0	0	0	0	0	-984	-6,854	-5,726
Cash c/f	135,025	65,621	41,664	52,098	44,464	33,340	21,594	18,762	6,869	3,307
*All figures in '000

EONCap chairman: RM311.9m dividend secured after much negotiations with HL Bank

Written by Joseph Chin of theedgemalaysia.com
Friday, 29 April 2011 20:14


KUALA LUMPUR: EON CAPITAL BHD [] said the board of directors had secured the additional payment of RM311.9 million after much negotiations with HONG LEONG BANK BHD [] (HL Bank).

EONCap chairman Gooi Hoe Soon said on Friday, April 29 the directors intended to manage this transaction fairly and equitably to all parties concerned, especially enhancing shareholders value for all shareholders.

“The additional interim dividend payment is in addition to the offer price of RM5.06 billion and was secured after much negotiation with Hong Leong Bank, and we’re pleased with the result,” he said.

EONCap announced on Friday that EON Bank Bhd has proposed a dividend of RM311.94 million, translating into 44.9 sen per share, but to be paid to its parent, EONCap.

The proposed interim dividend was a surprise when EONCap announced to Bursa Malaysia early Friday it had accepted HL Bank’s offer of RM5.06 billion or RM7.30 per share.

EONCap also said HL Bank confirmed it had no objection to EON Bank Bhd declaring and paying the interim net dividend upon receipt of the approval from Bank Negara Malaysia.

EONCap announced on Friday it had accepted HL Bank’s offer to acquire the entire assets and liabilities of EONCap for RM5.06 billion following a High Court decision on Thursday which dismissed a petition filed by Primus (Malaysia) Sdn Bhd which had opposed the takeover.

The transaction, when completed, which will result in Hong Leong Bank becoming the fourth largest banking group in Malaysia, had earlier been approved by a majority of EONCap shareholders who had passed a resolution in favour of the move at EONCap’s EGM in September 2010.

Shareholders’ approval had been subject to a final decision being made by the High Court which has now dismissed the petition by Primus with costs.

In the latest development, Primus had on Friday served on EONCap’s solicitors a notice of appeal to the Court of Appeal. The move was to appeal against the decision of the High Court handed down on Thursday.

On the interim net dividend of RM311.9 million subject to the approval from Bank Negara Malaysia, Gooi said HL Bank had agreed to the interim dividend payment not being deducted from its offer price.

“The directors intend to manage this transaction in a manner that is fair and equitable to all parties concerned, especially enhancing shareholders value for all shareholders,” he said.
Gooi said EONCap believed all stakeholders would be well-served by this move which would see the enlarged entity not only become a larger banking group with total assets in excess of RM140 billion “but it shall also be a stronger force in the regional banking arena.”

Gooi said that this move was also in line with the ongoing consolidation of the banking industry in the country and the boards of both banks will collaborate to achieve a successful transition.
“EONCap’s solid foundation has been built on developing close relationships with our employees and customers, coupled with in-depth knowledge of the local market and core business segments. It goes without saying that our performance particularly in recent years has been due to the integrated effort of a strong team of people who have done good work for the Bank.”

“We are also making every effort to ensure that the transition will have minimum impact on our employees and customers by making it as smooth as possible,” he said.