AFFIN Holdings Bhd
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Let's analyse AFFIN Holdings Bhd

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Company's Financial Health
A deep dive into the books. How are the numbers doing? Is AFFIN Holdings Bhd even making a profit? Is the company skyrocketing? Or is it sinking like the Titanic. The trend is your friend.
Market Valuation
Finally, you now have an insight of how AFFIN Holdings Bhd is doing in the market. If the company is worth buying. The latest step is to find out how other investors value AFFIN Holdings Bhd. The closing price on 2022-10-04 was RM2.03 per share. Is the company over- or underpriced?
Key Performance Indicators
A total overlook on how the company is doing. Based on the (trends in) the key performance indicators.

AFFIN Holdings Bhd Daily Candlestick Chart

Summary

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a huge profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry

Liquidity Details

	Compared to previous year	Compared to industry

Solvency Details

	Compared to previous year	Compared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

1.1. Profitability of AFFIN Holdings Bhd.

1.1. Profitability

An important factor of a company's health is the profitability.

1.1.1. Net Profit Margin

Measures how much net profit AFFIN Holdings Bhd earns for each RM1 of revenue.

Above 10% is considered healthy but always compare AFFIN Holdings Bhd to the Banks industry mean.
A Net Profit Margin of 29.0% means that RM[indicator name=netProfitMargin&period=MRQ&percentage=1 for each RM1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of AFFIN Holdings Bhd:

The MRQ is 29.0%. The company is making a huge profit. +2
The TTM is 28.6%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	29.0%	TTM	28.6%	+0.4%
TTM	28.6%	YOY	9.9%	+18.7%
TTM	28.6%	5Y	16.1%	+12.5%
5Y	16.1%	10Y	18.3%	-2.2%

Compared to industry (Banks)

Period	Company	Industry (mean)	+/-
MRQ	29.0%	23.8%	+5.2%
TTM	28.6%	23.8%	+4.8%
YOY	9.9%	21.4%	-11.5%
5Y	16.1%	23.7%	-7.6%
10Y	18.3%	23.2%	-4.9%

Measures how much net profit AFFIN Holdings Bhd earns for each RM1 of revenue.

Revenue is the amount of profit AFFIN Holdings Bhd generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you RM3. The company does not earn RM3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is RM1.5.

The RM3 you pay for a cup of coffee is called revenue.
The RM1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit AFFIN Holdings Bhd earns for each RM1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare AFFIN Holdings Bhd to the Banks industry mean.
Can be used to compare companies within the Banks industry.

You typically want a high profit margin. This means that for each RM1 in sales, AFFIN Holdings Bhd makes more profit. This shows the investor how efficiently AFFIN Holdings Bhd is operating in general and compared to other companies in the same industry. AFFIN Holdings Bhd operates in the Banks industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of AFFIN Holdings Bhd. If profit margins remain low (compared to the Banks industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of AFFIN Holdings Bhd is 0.29. This means that AFFIN Holdings Bhd earned RM0.29 for each RM1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Banks industry is 23.8%.
What is the trend?
The trend is important because it shows you how AFFIN Holdings Bhd is performing over time. The most recent quarter might be important if AFFIN Holdings Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for AFFIN Holdings Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare AFFIN Holdings Bhd with other companies in the same industry (Banks).
Net profit margin should rise over the years.
Can be influenced when AFFIN Holdings Bhd sells assets (profit will increase while costs remain the same).
It won’t show what part of AFFIN Holdings Bhd is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of AFFIN Holdings Bhd

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ AFFIN Holdings Bhd = 146,908
Total revenue MRQ AFFIN Holdings Bhd = 506,243
RM146,908 / RM506,243 = 0.29 or 29.0%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient AFFIN Holdings Bhd is using its assets to generate profit.

Above 5% is considered healthy but always compare AFFIN Holdings Bhd to the Banks industry mean.
0.2% Return on Assets means that AFFIN Holdings Bhd generated RM0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of AFFIN Holdings Bhd:

The MRQ is 0.2%. Using its assets, the company is inefficient in making profit. -1
The TTM is 0.2%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	0.2%	TTM	0.2%	0.0%
TTM	0.2%	YOY	0.1%	+0.1%
TTM	0.2%	5Y	0.1%	+0.0%
5Y	0.1%	10Y	0.2%	0.0%

Compared to industry (Banks)

Period	Company	Industry (mean)	+/-
MRQ	0.2%	0.2%	0.0%
TTM	0.2%	0.2%	0.0%
YOY	0.1%	0.2%	-0.1%
5Y	0.1%	0.3%	-0.2%
10Y	0.2%	0.3%	-0.1%

Shows how efficient AFFIN Holdings Bhd is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better
Above 5% is considered healthy but always compare AFFIN Holdings Bhd to the Banks industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use return on assets in their analysis

Shows the investor how effectively AFFIN Holdings Bhd is using its resources to generate profit. If the return on assets (0.2%) from AFFIN Holdings Bhd are higher than the Banks mean (0.2%) that means AFFIN Holdings Bhd is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of AFFIN Holdings Bhd is 0.2%. This means the company generated RM0.00 for each RM1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Banks industry is 0.2%.
What is the trend?
The trend is important because it shows you how AFFIN Holdings Bhd is performing over time. The most recent quarter might be important if AFFIN Holdings Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for AFFIN Holdings Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example AFFIN Holdings Bhd

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from AFFIN Holdings Bhd = 146,908
Total assets MRQ (balance sheet) from AFFIN Holdings Bhd = 86,676,875
146,908 / 86,676,875 = 0.00 or 0.2%

ROA is an important ratio as it will tell you how effectively AFFIN Holdings Bhd is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient AFFIN Holdings Bhd is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare AFFIN Holdings Bhd to the Banks industry mean.
1.5% Return on Equity means AFFIN Holdings Bhd generated RM0.01 for each RM1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of AFFIN Holdings Bhd:

The MRQ is 1.5%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 1.6%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	1.5%	TTM	1.6%	-0.1%
TTM	1.6%	YOY	0.6%	+1.0%
TTM	1.6%	5Y	1.2%	+0.4%
5Y	1.2%	10Y	0.9%	+0.3%

Compared to industry (Banks)

Period	Company	Industry (mean)	+/-
MRQ	1.5%	2.7%	-1.2%
TTM	1.6%	2.6%	-1.0%
YOY	0.6%	2.8%	-2.2%
5Y	1.2%	2.7%	-1.5%
10Y	0.9%	2.7%	-1.8%

Shows how efficient AFFIN Holdings Bhd is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare AFFIN Holdings Bhd to the Banks industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Banks industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of AFFIN Holdings Bhd is 1.5%. This means AFFIN Holdings Bhd generated RM0.01 for each RM1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Banks industry is 2.7%.
What is the trend?
The trend is important because it shows you how AFFIN Holdings Bhd is performing over time. The most recent quarter might be important if AFFIN Holdings Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for AFFIN Holdings Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of AFFIN Holdings Bhd

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) AFFIN Holdings Bhd = 146,908
Shareholders equity (balance sheet) MRQ AFFIN Holdings Bhd = 10,097,833
146,908 / 10,097,833 = 0.01 or 1.5%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of AFFIN Holdings Bhd.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient AFFIN Holdings Bhd is operating .

Measures how much profit AFFIN Holdings Bhd makes for each RM1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare AFFIN Holdings Bhd to the Banks industry mean.
An Operating Margin of 0.0% means the company generated RM0.00 for each RM1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of AFFIN Holdings Bhd:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.0%
TTM	-	YOY	-	0.0%
TTM	-	5Y	-	0.0%
5Y	-	10Y	-	0.0%

Compared to industry (Banks)

Period	Company	Industry (mean)	+/-
MRQ	-	106.0%	-106.0%
TTM	-	73.6%	-73.6%
YOY	-	36.5%	-36.5%
5Y	-	30.5%	-30.5%
10Y	-	28.2%	-28.2%

Measures how efficient AFFIN Holdings Bhd is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare AFFIN Holdings Bhd to the Banks industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit AFFIN Holdings Bhd is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of AFFIN Holdings Bhd is 0.0%. This means that AFFIN Holdings Bhd earned RM0.00 for each RM1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Banks industry is 106.0%.
What is the trend?
The trend is important because it shows you how AFFIN Holdings Bhd is performing over time. The most recent quarter might be important if AFFIN Holdings Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for AFFIN Holdings Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of AFFIN Holdings Bhd

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ AFFIN Holdings Bhd =
Total revenue MRQ AFFIN Holdings Bhd = 506,243
RM / RM506,243 = 0.00 or 0.0%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient AFFIN Holdings Bhd is keeping operating costs low.

Below 1 is considered healthy (always compare to Banks industry mean).
An Operation Ratio of 0.00 means that the operating costs are RM0.00 for each RM1 in net sales.

Let's take a look of the Operating Ratio trends of AFFIN Holdings Bhd:

The MRQ is 0.000. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.000
TTM	-	YOY	-	0.000
TTM	-	5Y	-	0.000
5Y	-	10Y	0.151	-0.151

Compared to industry (Banks)

Period	Company	Industry (mean)	+/-
MRQ	-	0.408	-0.408
TTM	-	0.490	-0.490
YOY	-	0.375	-0.375
5Y	-	0.215	-0.215
10Y	0.151	0.190	-0.039

Measures how efficient AFFIN Holdings Bhd is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare AFFIN Holdings Bhd to the Banks industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of AFFIN Holdings Bhd is 0.0%. This means that AFFIN Holdings Bhd earned RM0.00 for each RM1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Banks industry is 0.41.
What is the trend?
The trend is important because it shows you how AFFIN Holdings Bhd is performing over time. The most recent quarter might be important if AFFIN Holdings Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for AFFIN Holdings Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example AFFIN Holdings Bhd

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
( +) \ 506,243 = 0.00

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of AFFIN Holdings Bhd.

1.3. Liquidity

1.3.1. Current Ratio

Measures if AFFIN Holdings Bhd is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Banks industry mean).
A Current Ratio of 0.00 means the company has RM0.00 in assets for each RM1 in short-term debts.

Let's take a look of the Current Ratio trends of AFFIN Holdings Bhd:

The MRQ is 0.000. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.000
TTM	-	YOY	-	0.000
TTM	-	5Y	-	0.000
5Y	-	10Y	0.037	-0.037

Compared to industry (Banks)

Period	Company	Industry (mean)	+/-
MRQ	-	0.602	-0.602
TTM	-	0.198	-0.198
YOY	-	0.119	-0.119
5Y	-	0.061	-0.061
10Y	0.037	0.061	-0.024

Measures if AFFIN Holdings Bhd is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Banks industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for AFFIN Holdings Bhd if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of AFFIN Holdings Bhd is 0.00. This means AFFIN Holdings Bhd has RM0.00 in assets for each RM1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks industry is 0.60.
What is the trend?
The trend is important because it shows you how AFFIN Holdings Bhd is performing over time. The most recent quarter might be important if AFFIN Holdings Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for AFFIN Holdings Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example AFFIN Holdings Bhd

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
\ ) = 0.00

The current ratio measures if AFFIN Holdings Bhd is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if AFFIN Holdings Bhd is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then AFFIN Holdings Bhd does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate AFFIN Holdings Bhd is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if AFFIN Holdings Bhd is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare AFFIN Holdings Bhd to the Banks industry mean.
A Quick Ratio of 0.00 means the company can pay off RM0.00 for each RM1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of AFFIN Holdings Bhd:

The MRQ is 0.000. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.000
TTM	-	YOY	-	0.000
TTM	-	5Y	-	0.000
5Y	-	10Y	0.005	-0.005

Compared to industry (Banks)

Period	Company	Industry (mean)	+/-
MRQ	-	5.691	-5.691
TTM	-	14.755	-14.755
YOY	-	0.044	-0.044
5Y	-	0.015	-0.015
10Y	0.005	0.014	-0.009

Measures if AFFIN Holdings Bhd is able to pay off Short-term Debt but only using the most liquid assets.

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare AFFIN Holdings Bhd to the Banks industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast AFFIN Holdings Bhd can pay off its short term debts. This shows if AFFIN Holdings Bhd can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of AFFIN Holdings Bhd is 0.00. This means that AFFIN Holdings Bhd can pay off RM0.00 for each RM1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks industry is 5.69.
What is the trend?
The trend is important because it shows you how AFFIN Holdings Bhd is performing over time. The most recent quarter might be important if AFFIN Holdings Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for AFFIN Holdings Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example AFFIN Holdings Bhd

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio AFFIN Holdings Bhd: ( + +) / = 0.00

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of AFFIN Holdings Bhd.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of AFFIN Holdings Bhd assets are financed with debt.

Below 1 (100%) is considered healthy (always compare to Banks industry mean).
A Debt to Asset Ratio of 0.88 means that AFFIN Holdings Bhd assets are financed with 88.3% credit (debt) and the remaining percentage (100% - 88.3%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of AFFIN Holdings Bhd:

The MRQ is 0.883. The company is just able to pay all its debts by selling its assets.
The TTM is 0.878. The company is just able to pay all its debts by selling its assets.

Trends

Current period		Compared to		+/-
MRQ	0.883	TTM	0.878	+0.005
TTM	0.878	YOY	0.867	+0.011
TTM	0.878	5Y	0.871	+0.007
5Y	0.871	10Y	0.872	-0.001

Compared to industry (Banks)

Period	Company	Industry (mean)	+/-
MRQ	0.883	0.920	-0.037
TTM	0.878	0.916	-0.038
YOY	0.867	0.913	-0.046
5Y	0.871	0.914	-0.043
10Y	0.872	0.909	-0.037

Measures how much % of AFFIN Holdings Bhd assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake AFFIN Holdings Bhd than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of AFFIN Holdings Bhd is 0.88. This means means that AFFIN Holdings Bhd is financed with 88.3% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks industry is 60.2%.
What is the trend?
The trend is important because it shows you how AFFIN Holdings Bhd is performing over time. The most recent quarter might be important if AFFIN Holdings Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for AFFIN Holdings Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why AFFIN Holdings Bhd has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example AFFIN Holdings Bhd

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
76,532,166 \ 86,676,875 = 88.3% or 0.88.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if AFFIN Holdings Bhd is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare AFFIN Holdings Bhd to the Banks industry mean.
A Debt to Equity ratio of 757.9% means that company has RM7.58 debt for each RM1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of AFFIN Holdings Bhd:

The MRQ is 7.579. The company is unable to pay all its debts with equity. -1
The TTM is 7.204. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	7.579	TTM	7.204	+0.375
TTM	7.204	YOY	6.511	+0.693
TTM	7.204	5Y	6.792	+0.412
5Y	6.792	10Y	5.283	+1.509

Compared to industry (Banks)

Period	Company	Industry (mean)	+/-
MRQ	7.579	11.450	-3.871
TTM	7.204	10.963	-3.759
YOY	6.511	10.590	-4.079
5Y	6.792	10.849	-4.057
10Y	5.283	9.744	-4.461

Measures if AFFIN Holdings Bhd is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of AFFIN Holdings Bhd is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of AFFIN Holdings Bhd is 7.58. This means that AFFIN Holdings Bhd can pay off RM7.58 for each RM1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks industry is 11.45.
What is the trend?
The trend is important because it shows you how AFFIN Holdings Bhd is performing over time. The most recent quarter might be important if AFFIN Holdings Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for AFFIN Holdings Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example AFFIN Holdings Bhd

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
76,532,166 \ 10,097,833 = 7.58 or 757.9%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of AFFIN Holdings Bhd

2. Earnings

2.1. Price to Earnings Ratio

Measures how much money you pays for each share for every $1 in earnings AFFIN Holdings Bhd generates.

Above 15 is considered overpriced but always compare AFFIN Holdings Bhd to the Banks industry mean.
A PE ratio of 6.24 means the investor is paying RM6.24 for every RM1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of AFFIN Holdings Bhd:

The EOD is 6.734. Very good. +2
The MRQ is 6.236. Very good. +2
The TTM is 7.942. Good. +1

Trends

Current period		Compared to		+/-
EOD	6.734	MRQ	6.236	+0.498
MRQ	6.236	TTM	7.942	-1.706
TTM	7.942	YOY	15.025	-7.083
TTM	7.942	5Y	9.969	-2.027
5Y	9.969	10Y	8.309	+1.660

Compared to industry (Banks)

Period	Company	Industry (mean)	+/-
EOD	6.734	9.822	-3.088
MRQ	6.236	11.304	-5.068
TTM	7.942	9.367	-1.425
YOY	15.025	9.009	+6.016
5Y	9.969	9.599	+0.370
10Y	8.309	8.231	+0.078

Measures how much money the investor pays for each share for every $1 in earnings AFFIN Holdings Bhd generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare AFFIN Holdings Bhd to the Banks industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of AFFIN Holdings Bhd is 6.24. This means the investor is paying RM6.24 for every RM1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks industry is 11.30.
What is the trend?
The trend is important because it shows you how AFFIN Holdings Bhd is performing over time. The most recent quarter might be important if AFFIN Holdings Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for AFFIN Holdings Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example AFFIN Holdings Bhd

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
\ 2,212,330 = 6.24

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of AFFIN Holdings Bhd.

Lower is better
A PEG ratio of 1 means the investor is paying a fair price for the stock

Let's take a look of the Price Earnings to Growth Ratio trends of AFFIN Holdings Bhd:

The MRQ is 0.035. Very good. +2
The TTM is -0.121. Very Bad. -2

Trends

Current period		Compared to		+/-
MRQ	0.035	TTM	-0.121	+0.156
TTM	-0.121	YOY	-0.319	+0.198
TTM	-0.121	5Y	0.120	-0.241
5Y	0.120	10Y	0.120	0.000

Compared to industry (Banks)

Period	Company	Industry (mean)	+/-
MRQ	0.035	0.015	+0.020
TTM	-0.121	0.004	-0.125
YOY	-0.319	-0.041	-0.278
5Y	0.120	0.007	+0.113
10Y	0.120	0.013	+0.107

PEG Ratio	Meaning
0.5	You can buy the stock cheap
1	You pay a fair price
2.5	The stock is overpriced

2. Books

2.3. Price to Book Ratio

Measures if the stock price of AFFIN Holdings Bhd is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Banks industry mean).
A PB ratio of 0.41 means the investor is paying RM0.41 for each RM1 in book value.

Let's take a look of the Price to Book Ratio trends of AFFIN Holdings Bhd:

The EOD is 0.443. Very good. +2
The MRQ is 0.410. Very good. +2
The TTM is 0.396. Very good. +2

Trends

Current period		Compared to		+/-
EOD	0.443	MRQ	0.410	+0.033
MRQ	0.410	TTM	0.396	+0.014
TTM	0.396	YOY	0.371	+0.024
TTM	0.396	5Y	0.390	+0.005
5Y	0.390	10Y	0.430	-0.040

Compared to industry (Banks)

Period	Company	Industry (mean)	+/-
EOD	0.443	0.808	-0.365
MRQ	0.410	0.844	-0.434
TTM	0.396	0.814	-0.418
YOY	0.371	0.712	-0.341
5Y	0.390	0.805	-0.415
10Y	0.430	0.791	-0.361

Measures if the stock price of AFFIN Holdings Bhd is to cheap or to expensive compared to its [abbr name=book value&text=What the company is worth when you subtract total liabilities from total assets).

The book value of a company is what remains when you subtract total liabilities from total assets. This can also become negative which means the company has more debts than assets.

The price to book ratio shows the investor if the stock is under or overvalued. A high price to book ratio means that the investor is paying more for a share than the company has in total assets.

How to use PB ratio

A PB ratio of 3 means the investor is paying $3 for each $1 in book value.

Lower is better
At or below 1 is considered healthy
Can be very different between industries
Can be used to compare companies

Why do investors use PB ratio in their analysis

Helps investors to determine if the current stock price is under or overvalued. A low PB ratio means the company’s stock is trading for less than the leftover of total assets - total liabilities. PB ratios can also turn negative which means the company might be in serious financial trouble. In other words, the company has more liabilities than assets.

Things to be aware of

Only compare with other companies in the same industry
Negative PB ratio means that the company might be in serious financial trouble
A higher PB ratio than 1 also means that you are last in line (shareholders get paid last when a company defaults) when the company goes bankrupt for whatever reason.

How to calculate price to book ratio

Calculate the book value: total assets - total liabilities
Calculate book value per share: book value / total outstanding shares
Price to book ratio = share price / book value per share

Real life example

You need the following data to determine Price to book ratio:

Balance sheet
Current stock price
Key performance indicators

1. Calculate the book value: total assets - total liabilities:

Book value = $68,513,000 - $30,855,000 = $37,658,000

2. Calculate book value per share:

Book value per share = $37,658,000 / total outstanding shares (can be found in the latest balance sheet):

Book value per share = $37,658,000 / 3,465,000 = $10.868

3. Price to book ratio = share price / $10.868:

MRQ (most recent quarter) PB ratio = $673.420 / $10.868 = $61,96

The price to book ratio is another way to determine if a stock is under or overvalued. The PB ratio is used to compare the current stock price to its book value. In other words, the PB ratio is used to compare all the assets minus liabilities in relation to the stock price.

If the PB ratio is greater than 1 that means the stock is trading for a higher price than the intrinsic value of the company. Meaning, you pay more than what the company is worth. Although future growth is hard to measure. A higher PB ratio than 1 also means that you are last in line (shareholders get paid last when a company defaults) when the company goes bankrupt for whatever reason.

Book value is limited for companies that offer services because there are not many tangible assets on the balance sheet compared to large manufacturing companies. It also does not take brand names, patents and other things in consideration.

3. Summary

3.1. Key Performance Indicators

The key performance indicators of AFFIN Holdings Bhd compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Per Share	-	-	4.586	4.612	-1%	4.530	+1%	4.617	-1%	4.542	+1%
Book Value Per Share Growth	-	-	-0.123	0.030	-516%	-0.074	-40%	0.014	-955%	0.255	-148%
Current Ratio	-	-	-	-	0%	-	0%	-	0%	0.037	-100%
Debt To Asset Ratio	-	-	0.883	0.878	+1%	0.867	+2%	0.871	+1%	0.872	+1%
Debt To Equity Ratio	-	-	7.579	7.204	+5%	6.511	+16%	6.792	+12%	5.283	+43%
Dividend Per Share	-	-	-	0.017	-100%	0.042	-100%	0.017	-100%	0.013	-100%
Eps	-	-	0.074	0.075	-2%	0.027	+176%	0.054	+38%	0.055	+36%
Eps Growth	-	-	180.182	126.574	+42%	-46.938	+126%	27.471	+556%	27.471	+556%
Gains Per Share	-	-	-0.123	0.047	-363%	-0.032	-74%	0.032	-489%	0.268	-146%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Net Profit Margin	-	-	0.290	0.286	+1%	0.099	+193%	0.161	+80%	0.183	+58%
Operating Margin	-	-	-	-	0%	-	0%	-	0%	-	0%
Operating Ratio	-	-	-	-	0%	-	0%	-	0%	0.151	-100%
Pb Ratio	0.443	+7%	0.410	0.396	+4%	0.371	+10%	0.390	+5%	0.430	-5%
Pe Ratio	6.734	+7%	6.236	7.942	-21%	15.025	-58%	9.969	-37%	8.309	-25%
Peg Ratio	-	-	0.035	-0.121	+450%	-0.319	+1023%	0.120	-71%	0.120	-71%
Price Per Share	2.030	+7%	1.880	1.825	+3%	1.680	+12%	1.803	+4%	1.942	-3%
Quick Ratio	-	-	-	-	0%	-	0%	-	0%	0.005	-100%
Return On Assets	-	-	0.002	0.002	-13%	0.001	+117%	0.001	+16%	0.002	+12%
Return On Equity	-	-	0.015	0.016	-9%	0.006	+143%	0.012	+26%	0.009	+62%
	EOD	+0 -3	MRQ	TTM	+3 -12	YOY	+7 -8	5Y	+7 -8	10Y	+11 -7

3.2. Fundamental Score

Let's check the fundamental score of AFFIN Holdings Bhd based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	6.734
Price to Book Ratio (EOD)	Between	0-1	0.443
Net Profit Margin (MRQ)	Greater than	0	0.290
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	0.000
Current Ratio (MRQ)	Greater than	1	0.000
Debt to Asset Ratio (MRQ)	Less than	1	0.883
Debt to Equity Ratio (MRQ)	Less than	1	7.579
Return on Equity (MRQ)	Greater than	0.15	0.015
Return on Assets (MRQ)	Greater than	0.05	0.002
Total			4/10 (40.0%)

Create your own Stock Scanner

Investing is personal. The best investors buy stocks based on their own analysis. Create your personal Stock Scanner with the key performance indicators that are important to you.
Create your own Stock Scanner

3.3. Technical Score

Let's check the technical score of AFFIN Holdings Bhd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	42.402
Ma 20	Greater than	Ma 50	2.072
Ma 50	Greater than	Ma 100	2.093
Ma 100	Greater than	Ma 200	2.051
Open	Greater than	Close	2.010
Total			2/5 (40.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
Create your own Symbol Scanner

Latest Balance Sheet

Balance Sheet of 2022-06-30. Currency in MYR. All numbers in thousands.

Summary

Total Assets	86,676,875
Total Liabilities	76,532,166
Total Stockholder Equity	10,097,833

	As reported
Total Liabilities	76,532,166
Total Stockholder Equity	+ 10,097,833
Total Assets	= 86,676,875

Assets

Total Assets	86,676,875
Total Current Assets	-
Long-term Assets	-

Total Current Assets

Total Current Assets (as reported)	0
Cash And Cash Equivalents	4,663,415
Total Current Assets (calculated)	4,663,415
+/-	4,663,415

Long-term Assets

Long-term Assets (as reported)	0
Long Term Investments	23,794,524
Long-term Assets (calculated)	23,794,524
+/-	23,794,524

Liabilities & Shareholders' Equity

Total Current Liabilities	-
Long-term Liabilities	-
Total Stockholder Equity	10,097,833

Total Current Liabilities

Total Current Liabilities (as reported)	0
Accounts payable	376,898
Total Current Liabilities (calculated)	376,898
+/-	376,898

Long-term Liabilities

Long-term Liabilities (as reported)	0
Long-term Liabilities (calculated)	0
+/-	0

Total Stockholder Equity

Total Stockholder Equity (as reported)	10,097,833
Retained Earnings	4,588,789
Total Stockholder Equity (calculated)	4,588,789
+/-	5,509,044

Other

Capital Stock	4,969,150
Common Stock Shares Outstanding	2,212,330
Net Invested Capital	12,380,934

Balance Sheet

Currency in MYR. All numbers in thousands.

Trend

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2016-03-31

2015-12-31

2015-09-30

2015-06-30

> Total Assets

64,969,000
64,184,000
67,402,000
69,326,000
76,207,271
76,283,920
72,744,377
68,341,262
67,208,856
67,175,010
69,696,234
69,535,161
70,877,665
74,385,024
76,024,935
78,429,065
83,484,655
86,676,875

86,676,875

83,484,655

78,429,065

76,024,935

74,385,024

70,877,665

69,535,161

69,696,234

67,175,010

67,208,856

68,341,262

72,744,377

76,283,920

76,207,271

69,326,000

67,402,000

64,184,000

64,969,000

> Total Current Assets

9,597,000
8,142,000
8,961,000
10,927,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0

10,927,000

8,961,000

8,142,000

9,597,000

Cash And Cash Equivalents

4,983,000
3,181,000
4,393,000
6,268,000
0
0
12,057,753
6,182,787
6,316,059
8,238,287
8,541,222
5,620,916
6,117,034
8,015,033
7,815,708
7,653,216
6,153,666
4,663,415

4,663,415

6,153,666

7,653,216

7,815,708

8,015,033

6,117,034

5,620,916

8,541,222

8,238,287

6,316,059

6,182,787

12,057,753

6,268,000

4,393,000

3,181,000

4,983,000

Short-term Investments

431,000
465,000
497,000
412,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0

412,000

497,000

465,000

431,000

Net Receivables

807,000
945,000
802,000
1,210,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0

1,210,000

802,000

945,000

807,000

Inventory

8,000
5,000
5,000
5,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0

5,000

8,000

Other Current Assets

2,949,000
3,002,000
2,848,000
2,582,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0

2,582,000

2,848,000

3,002,000

2,949,000

> Long-term Assets

Property Plant Equipment

0
0
0
0
615,073
630,205
677,751
699,576
767,296
798,842
825,750
914,251
973,824
1,032,823
1,047,383
1,112,213
1,193,867
0

1,193,867

1,112,213

1,047,383

1,032,823

973,824

914,251

825,750

798,842

767,296

699,576

677,751

630,205

615,073

Goodwill

0
0
1,518,000
0
0
0
0
826,944
0
0
0
826,944
0
0
0
826,944
0
0

826,944

1,518,000

Long Term Investments

12,912,000
13,274,000
13,944,000
13,401,000
0
0
12,227,858
14,300,352
13,550,857
11,755,329
12,820,804
15,159,764
14,971,588
15,622,200
16,708,255
16,990,538
21,376,921
23,794,524

23,794,524

21,376,921

16,990,538

16,708,255

15,622,200

14,971,588

15,159,764

12,820,804

11,755,329

13,550,857

14,300,352

12,227,858

13,401,000

13,944,000

13,274,000

12,912,000

Intangible Assets

0
0
0
0
902,106
906,024
909,884
914,693
905,940
898,719
908,811
903,750
897,269
889,299
891,745
895,850
890,453
0

890,453

895,850

891,745

889,299

897,269

903,750

908,811

898,719

905,940

914,693

909,884

906,024

902,106

Earning Assets

0
0
0
0
16,138,943
13,226,249
11,457,689
13,364,233
12,490,674
10,732,926
12,129,237
13,921,314
13,858,469
14,508,681
15,594,874
15,957,989
0
0

15,957,989

15,594,874

14,508,681

13,858,469

13,921,314

12,129,237

10,732,926

12,490,674

13,364,233

11,457,689

13,226,249

16,138,943

Other Assets

0
0
0
0
52,038
42,271
12,106
22,520
97,000
62,370
87,801
112,158
240,824
221,625
257,220
223,344
209,380
0

209,380

223,344

257,220

221,625

240,824

112,158

87,801

62,370

97,000

22,520

12,106

42,271

52,038

> Total Liabilities

56,793,000
56,050,000
59,075,000
60,778,000
67,163,943
67,051,253
63,324,287
59,004,092
58,033,037
57,716,235
60,113,477
59,968,650
61,630,037
64,895,810
66,472,327
68,540,095
73,484,082
76,532,166

76,532,166

73,484,082

68,540,095

66,472,327

64,895,810

61,630,037

59,968,650

60,113,477

57,716,235

58,033,037

59,004,092

63,324,287

67,051,253

67,163,943

60,778,000

59,075,000

56,050,000

56,793,000

> Total Current Liabilities

55,235,000
54,690,000
57,272,000
59,317,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0

59,317,000

57,272,000

54,690,000

55,235,000

Short-term Debt

2,388,000
3,417,000
3,603,000
2,841,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0

2,841,000

3,603,000

3,417,000

2,388,000

Short Long Term Debt

2,388,000
3,417,000
3,603,000
2,841,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0

2,841,000

3,603,000

3,417,000

2,388,000

Accounts payable

53,591,000
51,780,000
54,577,000
57,097,000
0
0
656,549
825,417
642,146
840,764
1,378,503
1,071,697
1,416,314
1,082,535
946,889
1,077,788
948,792
376,898

376,898

948,792

1,077,788

946,889

1,082,535

1,416,314

1,071,697

1,378,503

840,764

642,146

825,417

656,549

57,097,000

54,577,000

51,780,000

53,591,000

Other Current Liabilities

118,000
93,000
92,000
80,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0

80,000

92,000

93,000

118,000

> Long-term Liabilities

Long term Debt Total

0
0
0
0
3,703,857
3,718,031
3,711,169
3,665,793
3,644,738
0
3,639,432
3,446,017
3,408,638
3,425,124
3,363,028
4,009,159
3,434,639
0

3,434,639

4,009,159

3,363,028

3,425,124

3,408,638

3,446,017

3,639,432

3,644,738

3,665,793

3,711,169

3,718,031

3,703,857

> Total Stockholder Equity

0
0
0
0
9,043,328
9,232,667
9,318,357
9,337,170
9,175,819
9,458,775
9,582,757
9,566,511
9,247,628
9,489,214
9,552,608
9,888,970
10,000,573
10,097,833

10,097,833

10,000,573

9,888,970

9,552,608

9,489,214

9,247,628

9,566,511

9,582,757

9,458,775

9,175,819

9,337,170

9,318,357

9,232,667

9,043,328

Retained Earnings

3,947,000
4,050,000
4,089,000
4,205,000
4,025,702
4,179,281
3,303,194
4,311,602
4,435,171
4,502,570
4,412,267
4,398,004
4,466,941
4,512,087
4,645,289
4,829,308
4,971,817
4,588,789

4,588,789

4,971,817

4,829,308

4,645,289

4,512,087

4,466,941

4,398,004

4,412,267

4,502,570

4,435,171

4,311,602

3,303,194

4,179,281

4,025,702

4,205,000

4,089,000

4,050,000

3,947,000

Accumulated Other Comprehensive Income

Capital Surplus

Treasury Stock

Balance Sheet

Currency in MYR. All numbers in thousands.

	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31
Accounts Payable	1,077,788	1,071,697	825,417	638,848	716,527	746,728	54,577,000	56,554,000	51,517,000	47,747,000
Capital Stock	4,969,150	4,902,300	4,774,772	4,684,752	-	-	-	-	-	-
Capital Surpluse	-	-	-	-	-	2,185,712	2,185,712	-	-	-
Cash	7,653,216	5,620,916	6,182,787	8,438,268	6,433,634	6,679,554	4,393,000	7,312,000	9,322,000	7,350,000
Common Stock	4,969,150	4,902,300	4,774,772	4,684,752	4,684,752	1,942,949	4,129,000	4,129,000	2,895,000	2,895,000
Common Stock Shares Outstanding	2,124,062	2,079,792	1,986,020	1,942,949	1,942,949	1,942,949	-	-	-	-
Earning Assets	15,957,989	13,921,314	13,364,233	16,262,992	14,932,725	14,515,610	13,544,924	-	-	-
Good Will	826,944	826,944	826,944	826,944	823,051	1,517,835	1,518,000	1,518,000	990,000	990,000
Intangible Assets	68,906	76,806	87,749	79,124	903,962	135,500	1,688,456	-	-	-
Inventory	-	-	-	-	-	-	5,000	9,000	16,000	27,000
Liabilities And Stockholders Equity	78,429,065	69,535,161	68,341,262	75,976,472	70,008,791	68,886,345	-	-	-	-
Long Term Debt	3,972,287	3,395,489	3,607,143	3,053,812	2,036,144	1,606,597	1,000,000	966,000	666,000	966,000
Long Term Debt Total	4,009,159	3,446,017	3,665,793	3,053,812	2,036,144	1,606,597	1,306,011	-	-	-
Long Term Investments	16,990,538	15,159,764	14,300,352	16,990,099	15,761,175	15,568,890	13,944,000	13,648,000	9,539,000	10,102,000
Net Invested Capital	13,192,045	12,978,976	12,977,216	11,758,080	10,349,082	-	-	-	-	-
Net Receivables	-	-	-	-	-	-	802,000	545,000	244,000	282,000
Other Assets	223,344	112,158	22,520	114,830	27,185	19,723	16,501	-	-	-
Other Current Assets	-	-	-	-	-	-	2,848,000	3,000,000	2,738,000	2,721,000
Other Current Liab	-	-	-	-	-	-	92,000	133,000	264,000	240,000
Other Stockholder Equity	39	-205	135	593	-	-	-	-	-	-
Property Plant Equipment	1,112,213	914,251	699,576	520,644	466,082	777,188	704,413	-	-	-
Retained Earnings	4,829,308	4,398,004	4,311,602	3,875,967	3,586,034	4,497,515	4,089,000	3,778,000	3,467,000	3,041,000
Short Long Term Debt	-	-	-	-	-	-	3,603,000	1,298,000	1,066,000	1,032,000
Short Long Term Debt Total	-	3,446,017	3,665,793	3,053,812	2,036,144	1,606,597	-	-	-	-
Short Term Debt	-	-	-	-	-	-	3,603,000	1,298,000	1,066,000	1,032,000
Short Term Investments	-	-	-	-	-	-	497,000	383,000	466,000	510,000
Total Assets	78,429,065	69,535,161	68,341,262	75,976,472	70,008,791	68,886,345	67,402,000	66,678,000	59,952,000	55,834,000
Total Current Assets	-	-	-	-	-	-	8,961,000	11,602,000	12,991,000	11,121,000
Total Current Liabilities	-	-	-	-	-	-	57,272,000	57,020,000	52,182,000	48,054,000
Total Liab	68,540,095	59,968,650	59,004,092	67,304,789	61,738,005	60,203,851	59,075,000	58,706,000	53,575,000	49,790,000
Total Stockholder Equity	9,888,970	9,566,511	9,337,170	8,671,683	8,270,786	8,682,494	8,282,439	-	-	-

	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2016-03-31	2015-12-31	2015-09-30	2015-06-30
Accounts Payable	376,898	948,792	1,077,788	946,889	1,082,535	1,416,314	1,071,697	1,378,503	840,764	642,146	825,417	656,549	-	-	57,097,000	54,577,000	51,780,000	53,591,000
Capital Stock	4,969,150	4,969,150	4,969,150	4,969,150	4,969,150	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash	4,663,415	6,153,666	7,653,216	7,815,708	8,015,033	6,117,034	5,620,916	8,541,222	8,238,287	6,316,059	6,182,787	12,057,753	-	-	6,268,000	4,393,000	3,181,000	4,983,000
Common Stock	-	4,969,150	4,969,150	4,969,150	4,969,150	4,902,300	4,902,300	4,902,300	4,774,772	4,774,772	4,774,772	4,774,772	4,774,772	4,774,772	4,129,000	4,129,000	4,129,000	4,129,000
Common Stock Shares Outstanding	2,212,330	2,124,062	2,124,062	2,124,062	2,124,062	2,079,791	2,079,791	2,079,791	1,986,020	1,986,020	1,986,020	1,983,534	1,980,089	1,974,547	1,949,580	1,936,128	1,935,484	1,938,633
Earning Assets	-	-	15,957,989	15,594,874	14,508,681	13,858,469	13,921,314	12,129,237	10,732,926	12,490,674	13,364,233	11,457,689	13,226,249	16,138,943	-	-	-	-
Good Will	-	-	826,944	-	-	-	826,944	-	-	-	826,944	-	-	-	-	1,518,000	-	-
Intangible Assets	-	890,453	895,850	891,745	889,299	897,269	903,750	908,811	898,719	905,940	914,693	909,884	906,024	902,106	-	-	-	-
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,000	5,000	5,000	8,000
Liabilities And Stockholders Equity	-	83,484,655	78,429,065	76,024,935	74,385,024	70,877,665	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	-	3,397,751	3,972,287	3,328,352	3,386,254	3,362,488	3,395,489	3,586,778	3,606,247	3,587,286	3,607,143	3,640,026	3,658,727	3,639,707	702,000	1,000,000	600,000	906,000
Long Term Debt Total	-	3,434,639	4,009,159	3,363,028	3,425,124	3,408,638	3,446,017	3,639,432	-	3,644,738	3,665,793	3,711,169	3,718,031	3,703,857	-	-	-	-
Long Term Investments	23,794,524	21,376,921	16,990,538	16,708,255	15,622,200	14,971,588	15,159,764	12,820,804	11,755,329	13,550,857	14,300,352	12,227,858	-	-	13,401,000	13,944,000	13,274,000	12,912,000
Net Invested Capital	12,380,934	12,272,829	13,192,045	12,867,092	12,863,954	12,594,441	12,978,976	13,203,502	13,093,979	12,790,232	-	-	-	-	-	-	-	-
Net Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,210,000	802,000	945,000	807,000
Other Assets	-	209,380	223,344	257,220	221,625	240,824	112,158	87,801	62,370	97,000	22,520	12,106	42,271	52,038	-	-	-	-
Other Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,582,000	2,848,000	3,002,000	2,949,000
Other Current Liab	-	-	-	-	-	-	-	-	-	-	-	-	-	-	80,000	92,000	93,000	118,000
Other Stockholder Equity	-	39	39	-205	-205	-205	-205	135	135	135	135	593	593	593	-	-	-	-
Property Plant Equipment	-	1,193,867	1,112,213	1,047,383	1,032,823	973,824	914,251	825,750	798,842	767,296	699,576	677,751	630,205	615,073	-	-	-	-
Retained Earnings	4,588,789	4,971,817	4,829,308	4,645,289	4,512,087	4,466,941	4,398,004	4,412,267	4,502,570	4,435,171	4,311,602	3,303,194	4,179,281	4,025,702	4,205,000	4,089,000	4,050,000	3,947,000
Short Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,841,000	3,603,000	3,417,000	2,388,000
Short Long Term Debt Total	-	-	-	3,363,028	3,425,124	3,408,638	3,446,017	3,639,432	3,658,193	3,644,738	3,665,793	-	-	-	-	-	-	-
Short Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,841,000	3,603,000	3,417,000	2,388,000
Short Term Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	412,000	497,000	465,000	431,000
Total Assets	86,676,875	83,484,655	78,429,065	76,024,935	74,385,024	70,877,665	69,535,161	69,696,234	67,175,010	67,208,856	68,341,262	72,744,377	76,283,920	76,207,271	69,326,000	67,402,000	64,184,000	64,969,000
Total Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,927,000	8,961,000	8,142,000	9,597,000
Total Current Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	59,317,000	57,272,000	54,690,000	55,235,000
Total Liab	76,532,166	73,484,082	68,540,095	66,472,327	64,895,810	61,630,037	59,968,650	60,113,477	57,716,235	58,033,037	59,004,092	63,324,287	67,051,253	67,163,943	60,778,000	59,075,000	56,050,000	56,793,000
Total Stockholder Equity	10,097,833	10,000,573	9,888,970	9,552,608	9,489,214	9,247,628	9,566,511	9,582,757	9,458,775	9,175,819	9,337,170	9,318,357	9,232,667	9,043,328	-	-	-	-

Cash Flow

Currency in MYR. All numbers in thousands.

	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31
Begin Period Cash Flow	5,445,631	4,557,874	6,324,663	4,298,314	4,364,490	-	-	-	-	-
Capital Expenditures	270,620	274,347	190,011	142,478	65,511	30,224	304,000	17,000	22,000	24,000
Change In Cash	1,976,459	887,757	-1,766,789	2,026,349	-66,176	293,780	-2,919,000	-2,009,000	1,971,000	-2,325,000
Change In Working Capital	3,271,711	977,438	-6,311,203	1,202,230	-2,126,074	118,713	-	-	-	-
Change To Operating Activities	-	-	-	-	-	-	-1,297,000	-3,519,000	-2,747,000	-4,316,000
Depreciation	73,977	67,724	62,554	24,578	17,677	14,724	35,000	30,000	19,000	20,000
Dividends Paid	-72,793	-139,021	-7,127	-	-121,800	-168,539	-66,031	-	-	-
End Period Cash Flow	7,422,090	5,445,631	4,557,874	6,324,663	4,298,314	4,364,490	-	-	-	-
Free Cash Flow	3,746,463	1,212,148	-5,976,358	1,269,286	-2,042,046	-	-	-	-	-
Investments	-2,271,279	-115,371	3,587,407	-257,074	1,327,735	-556,471	-	-	-	-
Issuance Of Capital Stock	66,850	128,018	134,794	-	-	-	-	-	-	-
Net Income	703,854	386,711	676,971	674,996	550,699	599,871	369,000	593,000	650,000	629,000
Other Cashflows From Financing Activities	-299,556	-226,947	-219,982	-119,800	-75,198	-46,469	271,000	-1,655,000	803,000	226,000
Other Cashflows From Investing Activities	-2,000,659	158,976	3,777,418	-211,706	1,393,246	373,885	175,370	-	-	-
Other Non Cash Items	-107,128	-29,581	-228,222	122,469	97,750	-	-	-	-	-
Sale Purchase Of Stock	66,850	128,018	134,794	-	-	-	-	-	-	-
Total Cash From Financing Activities	274,198	-475,725	420,424	880,200	503,002	84,992	-1,771,000	3,065,000	3,580,000	1,422,000
Total Cash From Operating Activities	4,017,083	1,486,495	-5,786,347	1,508,873	-1,976,535	408,623	-1,116,000	-3,102,000	-2,397,000	-3,954,000
Total Cashflows From Investing Activities	-2,271,279	-115,371	3,587,407	-354,184	1,327,735	343,661	-32,000	-1,973,000	789,000	207,000

	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2016-03-31	2015-12-31	2015-09-30	2015-06-30
Begin Period Cash Flow	6,007,402	7,422,090	7,627,770	7,832,082	5,970,692	5,511,423	7,825,132	8,113,049	5,510,795	4,605,357	10,231,181	-	-	-	-	-	-	-
Capital Expenditures	83,424	89,726	270,620	188,271	150,848	74,403	274,347	188,114	123,723	76,532	190,011	55,366	79,117	40,388	10,000	249,000	40,000	10,000
Change In Cash	-1,650,068	-1,414,688	1,976,459	2,116,347	2,320,659	459,269	887,757	3,219,775	3,507,693	905,438	-1,766,789	-548,556	4,454,518	444,689	1,875,000	1,212,000	-1,802,000	-1,661,000
Change In Working Capital	-1,572,661	2,904,064	3,158,201	4,274,509	3,145,925	73,556	1,024,696	1,916,173	1,077,788	381,563	-6,048,119	-	-	-	-	-	-	-
Change To Operating Activities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,176,000	3,455,000	-1,493,000	-1,466,000
Depreciation	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,000	3,000	11,000	14,000
Dividends Paid	-	-	-72,793	-72,793	-72,793	-	-139,021	-139,021	-	-	-7,127	-	-	-	-	-	-	-
End Period Cash Flow	4,401,230	6,007,402	7,422,090	7,627,770	7,832,082	5,970,692	5,445,631	7,825,132	8,113,049	5,510,795	4,557,874	10,231,181	-	-	-	-	-	-
Free Cash Flow	-1,547,553	2,967,378	-963,745	1,353,362	3,167,965	188,881	-477,553	716,138	561,268	412,295	-	-	-	-	-	-	-	-
Investments	-129,924	-3,868,469	174,236	-1,428,506	-1,330,985	313,976	-1,783,170	-844,032	1,972,012	539,819	-1,896,987	1,739,496	-	-	-	-	-	-
Issuance Of Capital Stock	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	146,908	200,159	703,854	469,049	282,239	108,161	386,711	363,248	267,927	174,289	676,971	72,399	400,016	184,976	116,000	97,000	102,000	139,000
Other Cashflows From Financing Activities	-	-70,235	-299,556	-263,813	-141,249	-94,668	-226,947	-135,823	-67,613	-65,139	-219,982	-132,361	-79,935	-47,097	814,000	-327,000	-440,000	-80,000
Other Cashflows From Investing Activities	-	-3,778,743	-2,000,659	-2,257,244	-866,161	388,379	158,976	1,728,385	2,635,554	616,351	3,777,418	5,618,877	3,824,015	859,278	-	-	-	-
Sale Purchase Of Stock	-	-	66,850	66,850	66,850	-	128,018	127,528	-	-	134,794	-	-	90,020	-	-	-	-
Total Cash From Financing Activities	-	-625,078	274,198	-297,260	-165,660	-103,793	-475,725	-175,665	-104,874	-102,400	420,424	449,446	520,065	642,923	-3,000	-1,705,000	-1,705,000	-66,000
Total Cash From Operating Activities	-1,464,129	3,057,104	4,017,083	4,898,479	3,507,694	263,284	1,486,495	1,877,815	1,097,286	488,827	-5,786,347	-2,217,433	183,898	-1,019,427	1,074,000	3,493,000	-1,323,000	-1,505,000
Total Cashflows From Investing Activities	-	-3,868,469	-2,271,279	-2,445,515	-1,017,009	313,976	-115,371	1,540,271	2,511,831	539,819	3,587,407	5,484,394	3,744,898	818,890	804,000	-576,000	-480,000	-90,000

Income Statement

Currency in MYR. All numbers in thousands.

	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31
Cost Of Revenue	-	-	-	-	-	-	43,000	38,000	30,000	35,000
Ebit	-	-	-	-	-	-	0	0	0	0
Gross Profit	-	-	-	-	-	-	1,594,000	1,797,000	1,564,000	1,505,000
Income Before Tax	710,272	394,180	682,501	679,109	554,070	741,824	519,262	-	-	-
Income Tax Expense	-	-	-	-	-	-	137,000	208,000	214,000	205,000
Interest Expense	787,891	1,038,031	1,488,719	1,574,277	0	0	0	0	0	0
Interest Income	1,708,511	1,828,929	2,258,948	2,454,781	2,367,624	2,553,358	2,534,695	-	-	-
Minority Interest	-53,389	-42,526	-28,325	-24,334	-6,583	-	-	-	-	-
Net Income	526,934	230,322	487,766	503,086	417,855	564,005	369,000	593,000	650,000	629,000
Net Income Applicable To Common Shares	526,934	230,322	487,766	503,086	417,855	564,005	369,269	-	-	-
Net Income From Continuing Ops	580,323	272,848	516,091	527,420	424,438	579,810	-	-	-	-
Net Interest Income	898,794	772,143	743,117	845,400	855,253	970,542	947,827	-	-	-
Operating Income	-	-	-	-	-	-	511,000	777,000	831,000	803,000
Reconciled Depreciation	101,927	105,830	95,256	52,239	32,391	-	-	-	-	-
Selling General Administrative	193,665	215,070	184,204	198,566	145,731	312,724	-	-	-	-
Tax Provision	129,949	121,332	166,410	151,689	129,632	162,014	137,089	-	-	-
Total Operating Expenses	-	-	-	-	-	-	1,126,000	1,059,000	763,000	738,000
Total Revenue	2,191,243	2,283,536	1,924,003	1,887,226	1,551,340	1,935,615	1,638,000	1,836,000	1,594,000	1,540,000

	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2016-03-31	2015-12-31	2015-09-30	2015-06-30
Cost Of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,000	11,000	10,000	11,000
Ebit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	416,000	433,000	420,000	428,000
Income Before Tax	174,194	200,468	237,023	189,148	174,775	109,326	24,169	98,919	94,600	176,492	166,440	111,735	218,903	185,423	-	-	-	-
Income Tax Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35,000	42,000	45,000	35,000
Interest Expense	231,262	212,421	197,270	196,820	196,386	197,415	209,534	236,564	279,884	312,049	338,444	360,397	-	-	-	-	-	-
Interest Income	498,078	448,497	451,052	434,789	428,832	393,838	461,980	434,163	441,050	491,736	531,988	546,471	574,255	591,620	-	-	-	-
Minority Interest	-10,797	-9,894	-15,551	-9,651	-15,516	-12,671	-19,339	-8,797	-	-	-	-	-	-	-	-	-	-
Net Income	146,908	142,686	206,847	133,202	117,948	68,937	-9,364	48,718	67,399	123,569	122,105	72,399	156,031	137,231	116,000	97,000	102,000	139,000
Net Income Applicable To Common Shares	-	142,686	206,847	133,202	117,948	68,937	-9,364	48,718	67,399	123,569	122,105	72,399	156,031	137,231	-	-	-	-
Net Income From Continuing Ops	129,046	152,580	222,398	142,853	133,464	81,608	9,975	57,515	76,253	129,105	131,717	77,551	-	-	-	-	-	-
Net Interest Income	266,816	236,076	248,231	232,445	225,507	192,611	248,632	192,831	157,248	173,432	187,115	186,074	186,985	188,383	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	143,000	153,000	146,000	167,000
Reconciled Depreciation	21,752	22,737	24,722	24,729	26,818	25,658	27,319	26,687	26,213	25,611	-	-	-	-	-	-	-	-
Selling General Administrative	55,326	54,883	55,489	43,813	45,680	48,683	58,563	49,823	51,411	55,273	40,337	44,386	-	-	-	-	-	-
Tax Provision	45,148	47,888	14,625	46,295	41,311	27,718	14,194	41,404	18,347	47,387	34,723	34,184	55,825	41,678	-	-	-	-
Total Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	286,000	291,000	285,000	272,000
Total Revenue	506,243	548,405	588,122	550,489	555,925	494,858	372,688	692,779	583,196	626,226	487,076	470,945	-	-	428,000	444,000	430,000	439,000

Latest Income Statement (annual, 2021-12-31)

Gross Profit (+$)
totalRevenue	2,191,243
Cost of Revenue	--
Gross Profit	-	2,191,243

Operating Income (+$)
Gross Profit	-
Operating Expense	--
Operating Income	-	0

Operating Expense (+$)
Research Development	-
Selling General Administrative	193,665
Selling And Marketing Expenses	-
Operating Expense	-	193,665

Net Interest Income (+$)
Interest Income	1,708,511
Interest Expense	-787,891
Net Interest Income	898,794	920,620

Pretax Income (+$)
Operating Income	-
Net Interest Income	898,794
Other Non-Operating Income Expenses	-
Income Before Tax (EBT)	710,272	0 EBIT - interestExpense = -787,891 526,934 1,314,825
Interest Expense	787,891
Earnings Before Interest and Taxes (ebit)	-	1,498,163
Earnings Before Interest and Taxes (ebitda)	-

After tax Income (+$)
Income Before Tax	710,272
Tax Provision	-129,949
Net Income From Continuing Ops	580,323	580,323
Net Income	526,934
Net Income Applicable To Common Shares	526,934

Non-recurring Events
Discontinued Operations	-
Extraordinary Items	-
Effect of Accounting Charges	-
Other Items	-
Non Recurring	-
Other Operating Expenses	-
Total Other Income/Expenses Net	-	-898,794