Maxis Bhd
Buy, Hold or Sell?

Should you buy, hold or sell Maxis Bhd?

I guess you are interested in Maxis Bhd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

Let's analyse Maxis Bhd

Let's start. I'm going to help you getting a better view of Maxis Bhd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Company's Financial Health
A deep dive into the books. How are the numbers doing? Is Maxis 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 Maxis Bhd is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Maxis Bhd. The closing price on 2023-03-24 was RM3.98 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.

Summary

1. Valuation of Maxis Bhd

Current price per share

RM3.98

Book Value per Share

RM0.83

2. Growth of Maxis Bhd

Is Maxis Bhd growing?

	Current year	Previous year	Grow	Grow %
How rich?	$1.4b	$1.5b	-$77.9m	-5.2%

How much money is Maxis Bhd making?

	Current year	Previous year	Grow	Grow %
Making money	$69.5m	$75.5m	-$6m	-8.7%
Net Profit Margin	12.8%	14.8%	-	-

How much money comes from the company's main activities?

3. Financial Health of Maxis Bhd

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 less efficient in making profit.
Using its investors money, the company is inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating efficient.
The company is efficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is able to pay all its debts by selling its assets.
The company is just not able to pay all its debts with equity.

1.1. Profitability of Maxis Bhd.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare Maxis Bhd to the Telecommunications Services industry mean.
A Net Profit Margin of 13.2% means that RM0.13 for each RM1 in revenue is generated as profit.

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

The MRQ is 13.2%. The company is making a huge profit. +2
The TTM is 12.8%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	13.2%	TTM	12.8%	+0.4%
TTM	12.8%	YOY	14.8%	-2.1%
TTM	12.8%	5Y	16.2%	-3.5%
5Y	16.2%	10Y	18.7%	-2.5%

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

Revenue is the amount of profit Maxis 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 Maxis 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 Maxis Bhd to the Telecommunications Services industry mean.
Can be used to compare companies within the Telecommunications Services industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Maxis Bhd. If profit margins remain low (compared to the Telecommunications Services 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 Maxis Bhd is 0.13. This means that Maxis Bhd earned RM0.13 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 Telecommunications Services industry is .
What is the trend?
The trend is important because it shows you how Maxis Bhd is performing over time. The most recent quarter might be important if Maxis 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 Maxis 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 Maxis Bhd with other companies in the same industry (Telecommunications Services).
Net profit margin should rise over the years.
Can be influenced when Maxis Bhd sells assets (profit will increase while costs remain the same).
It won’t show what part of Maxis 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 Maxis 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 Maxis Bhd = 315,000
Total revenue MRQ Maxis Bhd = 2,391,000
RM315,000 / RM2,391,000 = 0.13 or 13.2%

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 Maxis Bhd is using its assets to generate profit.

Above 5% is considered healthy but always compare Maxis Bhd to the Telecommunications Services industry mean.
1.4% Return on Assets means that Maxis Bhd generated RM0.01 profit for each $1 in assets.

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

The MRQ is 1.4%. Using its assets, the company is less efficient in making profit.
The TTM is 1.4%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	1.4%	TTM	1.4%	0.0%
TTM	1.4%	YOY	1.5%	-0.2%
TTM	1.4%	5Y	1.8%	-0.4%
5Y	1.8%	10Y	2.2%	-0.4%

Shows how efficient Maxis 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 Maxis Bhd to the Telecommunications Services 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 Maxis Bhd is using its resources to generate profit. If the return on assets (1.4%) from Maxis Bhd are higher than the Telecommunications Services mean () that means Maxis 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 Maxis Bhd is 1.4%. This means the company generated RM0.01 for each RM1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Telecommunications Services industry is .
What is the trend?
The trend is important because it shows you how Maxis Bhd is performing over time. The most recent quarter might be important if Maxis 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 Maxis 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 Maxis Bhd

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

Income statement
Balance sheet

Net income MRQ (income statement) from Maxis Bhd = 315,000
Total assets MRQ (balance sheet) from Maxis Bhd = 23,084,000
315,000 / 23,084,000 = 0.01 or 1.4%

ROA is an important ratio as it will tell you how effectively Maxis 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 Maxis Bhd is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Maxis Bhd to the Telecommunications Services industry mean.
4.8% Return on Equity means Maxis Bhd generated RM0.05 for each RM1 the owners (shareholders) invested.

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

The MRQ is 4.8%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 4.7%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	4.8%	TTM	4.7%	+0.2%
TTM	4.7%	YOY	4.8%	-0.2%
TTM	4.7%	5Y	5.3%	-0.7%
5Y	5.3%	10Y	7.2%	-1.8%

Shows how efficient Maxis 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 Maxis Bhd to the Telecommunications Services 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 Telecommunications Services 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 Maxis Bhd is 4.8%. This means Maxis Bhd generated RM0.05 for each RM1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Telecommunications Services industry is .
What is the trend?
The trend is important because it shows you how Maxis Bhd is performing over time. The most recent quarter might be important if Maxis 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 Maxis Bhd up to 10 years back (depending if Maxis Bhd 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 Maxis Bhd

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Maxis Bhd = 315,000
Shareholders equity (balance sheet) MRQ Maxis Bhd = 6,517,000
315,000 / 6,517,000 = 0.05 or 4.8%

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 Maxis Bhd.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Maxis Bhd is operating .

Measures how much profit Maxis 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 Maxis Bhd to the Telecommunications Services industry mean.
An Operating Margin of 24.4% means the company generated RM0.24 for each RM1 in revenue (before taxes).

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

The MRQ is 24.4%. The company is operating efficient. +1
The TTM is 22.8%. The company is operating efficient. +1

Trends

Current period		Compared to		+/-
MRQ	24.4%	TTM	22.8%	+1.6%
TTM	22.8%	YOY	25.4%	-2.6%
TTM	22.8%	5Y	26.7%	-3.9%
5Y	26.7%	10Y	19.8%	+6.9%

Measures how efficient Maxis 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 Maxis Bhd to the Telecommunications Services 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 Maxis 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 Maxis Bhd is 24.4%. This means that Maxis Bhd earned RM0.24 for each RM1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Telecommunications Services industry is .
What is the trend?
The trend is important because it shows you how Maxis Bhd is performing over time. The most recent quarter might be important if Maxis 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 Maxis 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 Maxis Bhd

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Maxis Bhd = 587,000
Total revenue MRQ Maxis Bhd = 2,391,000
RM587,000 / RM2,391,000 = 0.24 or 24.4%

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 Maxis Bhd is keeping operating costs low.

Below 1 is considered healthy (always compare to Telecommunications Services industry mean).
An Operation Ratio of 0.75 means that the operating costs are RM0.75 for each RM1 in net sales.

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

The MRQ is 0.754. The company is efficient in keeping operating costs low. +1
The TTM is 0.771. The company is efficient in keeping operating costs low. +1

Trends

Current period		Compared to		+/-
MRQ	0.754	TTM	0.771	-0.016
TTM	0.771	YOY	0.750	+0.021
TTM	0.771	5Y	0.726	+0.045
5Y	0.726	10Y	0.694	+0.033

Measures how efficient Maxis 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 Maxis Bhd to the Telecommunications Services 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 Maxis Bhd is 75.4%. This means that Maxis Bhd earned RM0.75 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 Telecommunications Services industry is .
What is the trend?
The trend is important because it shows you how Maxis Bhd is performing over time. The most recent quarter might be important if Maxis 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 Maxis 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 Maxis 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
(1,083,000 +721,000) \ 2,391,000 = 0.75

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 Maxis Bhd.

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to Telecommunications Services industry mean).
A Current Ratio of 0.67 means the company has RM0.67 in assets for each RM1 in short-term debts.

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

The MRQ is 0.671. The company is unable to pay all its short-term debts. -2
The TTM is 0.538. The company is unable to pay all its short-term debts. -2

Trends

Current period		Compared to		+/-
MRQ	0.671	TTM	0.538	+0.133
TTM	0.538	YOY	0.570	-0.031
TTM	0.538	5Y	0.579	-0.041
5Y	0.579	10Y	0.589	-0.010

Measures if Maxis 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 Telecommunications Services 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 Maxis 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 Maxis Bhd is 0.67. This means Maxis Bhd has RM0.67 in assets for each RM1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Telecommunications Services industry is .
What is the trend?
The trend is important because it shows you how Maxis Bhd is performing over time. The most recent quarter might be important if Maxis 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 Maxis 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 Maxis Bhd

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
3,147,000 \ 4,691,000) = 0.67

The current ratio measures if Maxis 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 Maxis 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 Maxis 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 Maxis 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 Maxis Bhd is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Maxis Bhd to the Telecommunications Services industry mean.
A Quick Ratio of 0.50 means the company can pay off RM0.50 for each RM1 in debt (using most liquid assets).

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

The MRQ is 0.500. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.403. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.500	TTM	0.403	+0.097
TTM	0.403	YOY	0.569	-0.166
TTM	0.403	5Y	0.394	+0.009
5Y	0.394	10Y	0.349	+0.044

Measures if Maxis 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 Maxis Bhd to the Telecommunications Services 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 Maxis Bhd can pay off its short term debts. This shows if Maxis 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 Maxis Bhd is 0.50. This means that Maxis Bhd can pay off RM0.50 for each RM1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Telecommunications Services industry is .
What is the trend?
The trend is important because it shows you how Maxis Bhd is performing over time. The most recent quarter might be important if Maxis 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 Maxis 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 Maxis 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 Maxis Bhd: (1,142,000 + +1,203,000) / 4,691,000 = 0.50

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 Maxis Bhd.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

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

Below 1 (100%) is considered healthy but always compare Maxis Bhd to Telecommunications Services industry mean.
A Debt to Asset Ratio of 0.72 means that Maxis Bhd assets are financed with 71.8% credit (debt) and the remaining percentage (100% - 71.8%) is financed by its owners/shareholders.

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

The MRQ is 0.718. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.706. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.718	TTM	0.706	+0.011
TTM	0.706	YOY	0.683	+0.024
TTM	0.706	5Y	0.668	+0.038
5Y	0.668	10Y	0.688	-0.019

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

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Maxis Bhd to Telecommunications Services industry mean.
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 Maxis Bhd is 0.72. This means means that Maxis Bhd is financed with 71.8% 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 Telecommunications Services industry is .
What is the trend?
The trend is important because it shows you how Maxis Bhd is performing over time. The most recent quarter might be important if Maxis 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 Maxis 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 Maxis Bhd has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Maxis Bhd

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

Balance sheet
Debt to asset ratio = total debt \ total assets
16,564,000 \ 23,084,000 = 71.8% or 0.72.

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 Maxis Bhd is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Maxis Bhd to the Telecommunications Services industry mean.
A Debt to Equity ratio of 254.2% means that company has RM2.54 debt for each RM1 in shareholders equity.

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

The MRQ is 2.542. The company is unable to pay all its debts with equity. -1
The TTM is 2.407. The company is just not able to pay all its debts with equity.

Trends

Current period		Compared to		+/-
MRQ	2.542	TTM	2.407	+0.135
TTM	2.407	YOY	2.151	+0.256
TTM	2.407	5Y	2.036	+0.371
5Y	2.036	10Y	2.301	-0.265

Measures if Maxis 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 Maxis 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 Maxis Bhd is 2.54. This means that Maxis Bhd can pay off RM2.54 for each RM1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Telecommunications Services industry is .
What is the trend?
The trend is important because it shows you how Maxis Bhd is performing over time. The most recent quarter might be important if Maxis 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 Maxis 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 Maxis Bhd

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
16,564,000 \ 6,517,000 = 2.54 or 254.2%

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 Maxis Bhd

2. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every RM1 in earnings Maxis Bhd generates.

Above 15 is considered overpriced but always compare Maxis Bhd to the Telecommunications Services industry mean.
A PE ratio of 87.29 means the investor is paying RM87.29 for every RM1 in earnings.

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

The EOD is 98.982. Neutral. Compare to industry.
The MRQ is 87.293. Neutral. Compare to industry.
The TTM is 100.114. Seems overpriced? -1

Trends

Current period		Compared to		+/-
EOD	98.982	MRQ	87.293	+11.689
MRQ	87.293	TTM	100.114	-12.821
TTM	100.114	YOY	109.842	-9.728
TTM	100.114	5Y	102.932	-2.818
5Y	102.932	10Y	106.309	-3.377

Measures how much money you pay for each share for every RM1 in earnings Maxis 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 Maxis Bhd to the Telecommunications Services 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. Result: huge market crash.

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 Maxis Bhd is 87.29. This means the investor is paying RM87.29 for every RM1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Telecommunications Services industry is .
What is the trend?
The trend is important because it shows you how Maxis Bhd is performing over time. The most recent quarter might be important if Maxis 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 Maxis 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 Maxis 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
315,000 \ 7,834,000 = EPS
PE ratio MRQ = 87.29

* 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 Maxis Bhd.

Lower is better.
A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

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

The MRQ is 91.266. Seems overpriced? -1
The TTM is 102.561. Seems overpriced? -1

Trends

Current period		Compared to		+/-
MRQ	91.266	TTM	102.561	-11.295
TTM	102.561	YOY	114.602	-12.041
TTM	102.561	5Y	128.846	-26.284
5Y	128.846	10Y	121.580	+7.266

PEG Ratio	Meaning
0.5	You can buy the stock cheap based on future growth
1	You pay a fair price based on future growth
2	The stock is overpriced based on future growth

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Telecommunications Services industry mean).
A PB ratio of 4.22 means the investor is paying RM4.22 for each RM1 in book value.

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

The EOD is 4.782. Neutral. Compare to industry.
The MRQ is 4.217. Neutral. Compare to industry.
The TTM is 4.604. Neutral. Compare to industry.

Trends

Current period		Compared to		+/-
EOD	4.782	MRQ	4.217	+0.565
MRQ	4.217	TTM	4.604	-0.387
TTM	4.604	YOY	5.242	-0.638
TTM	4.604	5Y	5.603	-0.999
5Y	5.603	10Y	7.557	-1.955

2. Total Gains per Share

2.4. Latest News of Maxis Bhd

Does Maxis Bhd still have the same value as the quarterly reports suggest? Recent changes may be an indication that the value of the company is changing. Read the news from Maxis Bhd to keep up to date. Note: the news is often already included in the price.

Date	Title	Read
2023-02-27 08:33	Maxis Berhad Just Missed EPS By 7.3%: Here's What Analysts Think Will Happen Next	Read
2023-02-24 23:58	Maxis Berhad Full Year 2022 Earnings: EPS: RM0.15 (vs RM0.17 in FY 2021)	Read

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Maxis 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 Change Per Share	-	-	-0.010	-0.007	-30%	-0.012	+18%	-0.002	-77%	-0.003	-67%
Book Value Growth	-	-	0.989	0.992	0%	0.987	+0%	0.998	-1%	1.000	-1%
Book Value Per Share	-	-	0.832	0.845	-2%	0.890	-6%	0.892	-7%	0.801	+4%
Book Value Per Share Growth	-	-	0.988	0.992	0%	0.987	+0%	0.997	-1%	0.998	-1%
Current Ratio	-	-	0.671	0.538	+25%	0.570	+18%	0.579	+16%	0.589	+14%
Debt To Asset Ratio	-	-	0.718	0.706	+2%	0.683	+5%	0.668	+7%	0.688	+4%
Debt To Equity Ratio	-	-	2.542	2.407	+6%	2.151	+18%	2.036	+25%	2.301	+10%
Dividend Per Share	-	-	0.050	0.047	+5%	0.042	+18%	0.047	+7%	0.056	-11%
Dividend Per Share Growth	-	-	1.002	1.063	-6%	1.012	-1%	0.934	+7%	0.938	+7%
Eps	-	-	0.040	0.039	+2%	0.043	-6%	0.055	-27%	0.058	-31%
Eps Growth	-	-	0.956	0.995	-4%	0.976	-2%	1.111	-14%	1.070	-11%
Free Cash Flow Per Share	-	-	0.019	0.051	-64%	0.081	-77%	0.065	-71%	0.068	-73%
Free Cash Flow Per Share Growth	-	-	0.178	1.430	-88%	1.173	-85%	1.432	-88%	1.284	-86%
Free Cash Flow To Equity Per Share	-	-	-0.003	-0.011	+216%	0.019	-118%	0.001	-422%	-0.001	-70%
Free Cash Flow To Equity Per Share Growth	-	-	-0.104	-5.028	+4746%	1.870	-106%	-0.009	-92%	-1.341	+1193%
Gross Profit Margin	-	-	0.848	0.850	0%	0.882	-4%	0.877	-3%	0.933	-9%
Intrinsic Value_10Y_max	-	-	1.159	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-7.361	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	0.251	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	0.045	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	0.650	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-0.541	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	0.927	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-1.865	-	-	-	-	-	-	-	-
Net Profit Margin	-	-	0.132	0.128	+3%	0.148	-11%	0.162	-19%	0.187	-30%
Operating Margin	-	-	0.244	0.228	+7%	0.254	-4%	0.267	-9%	0.198	+23%
Operating Ratio	-	-	0.754	0.771	-2%	0.750	+1%	0.726	+4%	0.694	+9%
Pb Ratio	4.782	+12%	4.217	4.604	-8%	5.242	-20%	5.603	-25%	7.557	-44%
Pe Ratio	98.982	+12%	87.293	100.114	-13%	109.842	-21%	102.932	-15%	106.309	-18%
Peg Ratio	-	-	91.266	102.561	-11%	114.602	-20%	128.846	-29%	121.580	-25%
Price Per Share	3.980	+12%	3.510	3.898	-10%	4.663	-25%	5.015	-30%	5.768	-39%
Price To Total Gains Ratio	99.850	+12%	88.059	97.493	-10%	-553.497	+729%	-95.809	+209%	-56.204	+164%
Profit Growth	-	-	0.957	0.995	-4%	0.975	-2%	0.988	-3%	1.010	-5%
Quick Ratio	-	-	0.500	0.403	+24%	0.569	-12%	0.394	+27%	0.349	+43%
Return On Assets	-	-	0.014	0.014	0%	0.015	-10%	0.018	-24%	0.022	-37%
Return On Equity	-	-	0.048	0.047	+4%	0.048	+1%	0.053	-9%	0.072	-32%
Revenue Growth	-	-	0.993	1.015	-2%	1.006	-1%	1.005	-1%	1.003	-1%
Total Gains Per Share	-	-	0.040	0.040	-1%	0.031	+31%	0.045	-11%	0.053	-24%
Total Gains Per Share Growth	-	-	0.898	6.485	-86%	0.775	+16%	3.154	-72%	2.752	-67%
Usd Book Value	-	-	1472868000.000	1495345050.000	-2%	1573280550.000	-6%	1577263641.390	-7%	1391391206.888	+6%
Usd Book Value Change Per Share	-	-	-0.002	-0.002	-30%	-0.003	+18%	-0.001	-77%	-0.001	-67%
Usd Book Value Per Share	-	-	0.188	0.191	-2%	0.201	-6%	0.202	-7%	0.181	+4%
Usd Dividend Per Share	-	-	0.011	0.011	+5%	0.010	+18%	0.011	+7%	0.013	-11%
Usd Eps	-	-	0.009	0.009	+2%	0.010	-6%	0.012	-27%	0.013	-31%
Usd Free Cash Flow	-	-	32981400.000	90755325.000	-64%	142429950.000	-77%	114838083.495	-71%	118113949.755	-72%
Usd Free Cash Flow Per Share	-	-	0.004	0.012	-64%	0.018	-77%	0.015	-71%	0.015	-73%
Usd Free Cash Flow To Equity Per Share	-	-	-0.001	-0.002	+216%	0.004	-118%	0.000	-422%	0.000	-70%
Usd Price Per Share	0.899	+12%	0.793	0.880	-10%	1.053	-25%	1.133	-30%	1.303	-39%
Usd Profit	-	-	71158500.000	69520725.000	+2%	75563550.000	-6%	84407535.000	-16%	94422337.110	-25%
Usd Revenue	-	-	540126900.000	544531950.000	-1%	509178600.000	+6%	522325980.000	+3%	507039050.273	+7%
Usd Total Gains Per Share	-	-	0.009	0.009	-1%	0.007	+31%	0.010	-11%	0.012	-24%
	EOD	+2 -3	MRQ	TTM	+18 -25	YOY	+17 -26	5Y	+11 -32	10Y	+14 -29

3.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	98.982
Price to Book Ratio (EOD)	Between	0-1	4.782
Net Profit Margin (MRQ)	Greater than	0	0.132
Operating Margin (MRQ)	Greater than	0	0.244
Quick Ratio (MRQ)	Greater than	1	0.500
Current Ratio (MRQ)	Greater than	1	0.671
Debt to Asset Ratio (MRQ)	Less than	1	0.718
Debt to Equity Ratio (MRQ)	Less than	1	2.542
Return on Equity (MRQ)	Greater than	0.15	0.048
Return on Assets (MRQ)	Greater than	0.05	0.014
Total			3/10 (30.0%)

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 Maxis Bhd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	53.619
Ma 20	Greater than	Ma 50	3.919
Ma 50	Greater than	Ma 100	3.933
Ma 100	Greater than	Ma 200	3.849
Open	Greater than	Close	3.970
Total			3/5 (60.0%)

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 2022-09-30. Currency in MYR. All numbers in thousands.

Summary

Total Assets	23,084,000
Total Liabilities	16,564,000
Total Stockholder Equity	6,517,000

	As reported
Total Liabilities	16,564,000
Total Stockholder Equity	+ 6,517,000
Total Assets	= 23,084,000

Assets

Total Assets	23,084,000
Total Current Assets	3,147,000
Long-term Assets	3,147,000

Total Current Assets

Total Current Assets (as reported)	3,147,000
Cash And Cash Equivalents	1,142,000
Net Receivables	1,203,000
Inventory	6,000
Total Current Assets (calculated)	2,351,000
+/-	796,000

Long-term Assets

Long-term Assets (as reported)	19,937,000
Property Plant Equipment	7,189,000
Intangible Assets	11,586,000
Long-term Assets Other	1,161,000
Long-term Assets (calculated)	19,936,000
+/-	1,000

Liabilities & Shareholders' Equity

Total Current Liabilities	4,691,000
Long-term Liabilities	11,873,000
Total Stockholder Equity	6,517,000

Total Current Liabilities

Total Current Liabilities (as reported)	4,691,000
Short-term Debt	768,000
Short Long Term Debt	500,000
Accounts payable	3,413,000
Other Current Liabilities	134,000
Total Current Liabilities (calculated)	4,815,000
+/-	124,000

Long-term Liabilities

Long-term Liabilities (as reported)	11,873,000
Long term Debt Total	9,516,000
Capital Lease Obligations	1,960,000
Long-term Liabilities (calculated)	11,476,000
+/-	397,000

Total Stockholder Equity

Total Stockholder Equity (as reported)	6,517,000
Common Stock	2,585,000
Other Stockholders Equity	3,932,000
Total Stockholder Equity (calculated)	6,517,000
+/-	0

Other

Capital Stock	2,585,000
Cash And Equivalents	1,142,000
Cash and Short Term Investments	1,142,000
Common Stock Shares Outstanding	7,834,000
Liabilities and Stockholders Equity	23,081,000
Net Debt	9,142,000
Net Invested Capital	14,841,000
Net Working Capital	-1,544,000
Short Long Term Debt Total	10,284,000

Balance Sheet

Currency in MYR. All numbers in thousands.

Trend

2022-09-30

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

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

> Total Assets

18,759,000
17,858,000
17,759,000
17,802,179
17,620,000
17,302,000
17,759,000
17,329,585
17,276,000
17,384,000
17,576,000
18,109,608
17,937,000
18,381,000
18,661,000
18,984,945
18,075,000
18,509,000
18,303,000
19,643,079
19,418,000
20,734,000
19,130,000
19,249,224
19,110,000
19,219,000
19,292,000
19,806,561
20,622,000
20,805,000
21,155,000
21,437,000
21,864,000
21,344,000
21,171,000
21,932,000
21,926,000
22,055,000
21,848,000
22,443,000
22,124,000
22,524,000
23,084,000

23,084,000

22,524,000

22,124,000

22,443,000

21,848,000

22,055,000

21,926,000

21,932,000

21,171,000

21,344,000

21,864,000

21,437,000

21,155,000

20,805,000

20,622,000

19,806,561

19,292,000

19,219,000

19,110,000

19,249,224

19,130,000

20,734,000

19,418,000

19,643,079

18,303,000

18,509,000

18,075,000

18,984,945

18,661,000

18,381,000

17,937,000

18,109,608

17,576,000

17,384,000

17,276,000

17,329,585

17,759,000

17,302,000

17,620,000

17,802,179

17,759,000

17,858,000

18,759,000

> Total Current Assets

2,773,000
2,044,000
2,027,000
2,042,042
1,974,000
1,696,000
2,226,000
1,852,158
1,995,000
2,244,000
2,377,000
2,578,129
2,440,000
2,851,000
2,793,000
2,818,397
2,264,000
2,499,000
2,277,000
2,457,878
2,375,000
3,717,000
2,356,000
2,242,075
2,419,000
2,454,000
2,526,000
2,667,655
2,558,000
2,716,000
3,119,000
2,986,000
3,499,000
3,118,000
2,998,000
2,822,000
2,969,000
3,228,000
2,960,000
3,003,000
2,376,000
2,765,000
3,147,000

3,147,000

2,765,000

2,376,000

3,003,000

2,960,000

3,228,000

2,969,000

2,822,000

2,998,000

3,118,000

3,499,000

2,986,000

3,119,000

2,716,000

2,558,000

2,667,655

2,526,000

2,454,000

2,419,000

2,242,075

2,356,000

3,717,000

2,375,000

2,457,878

2,277,000

2,499,000

2,264,000

2,818,397

2,793,000

2,851,000

2,440,000

2,578,129

2,377,000

2,244,000

1,995,000

1,852,158

2,226,000

1,696,000

1,974,000

2,042,042

2,027,000

2,044,000

2,773,000

Cash And Cash Equivalents

1,816,000
1,063,000
1,149,000
967,498
787,000
534,000
1,177,000
807,946
991,000
1,353,000
1,477,000
1,530,519
1,335,000
1,557,000
1,303,000
1,296,448
786,000
973,000
696,000
682,346
559,000
475,000
731,000
602,127
376,000
524,000
734,000
560,457
434,000
600,000
844,000
582,000
948,000
693,000
637,000
735,000
952,000
1,369,000
1,214,000
1,191,000
531,000
853,000
1,142,000

1,142,000

853,000

531,000

1,191,000

1,214,000

1,369,000

952,000

735,000

637,000

693,000

948,000

582,000

844,000

600,000

434,000

560,457

734,000

524,000

376,000

602,127

731,000

475,000

559,000

682,346

696,000

973,000

786,000

1,296,448

1,303,000

1,557,000

1,335,000

1,530,519

1,477,000

1,353,000

991,000

807,946

1,177,000

534,000

787,000

967,498

1,149,000

1,063,000

1,816,000

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
97,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

97,000

Net Receivables

0
0
0
0
0
0
0
0
0
0
0
0
0
1,216,000
1,249,000
1,037,000
1,345,000
0
0
0
0
0
0
0
0
0
0
0
873,000
950,000
1,035,000
2,400,000
2,534,000
2,422,000
2,359,000
2,084,000
2,009,000
1,853,000
1,740,000
1,807,000
915,000
954,000
1,203,000

1,203,000

954,000

915,000

1,807,000

1,740,000

1,853,000

2,009,000

2,084,000

2,359,000

2,422,000

2,534,000

2,400,000

1,035,000

950,000

873,000

1,345,000

1,037,000

1,249,000

1,216,000

Inventory

84,000
65,000
45,000
117,830
143,000
75,000
56,000
70,433
15,000
15,000
17,000
12,440
11,000
12,000
10,000
13,247
9,000
14,000
6,000
5,942
17,000
32,000
16,000
4,494
5,000
3,000
6,000
15,919
32,000
7,000
4,000
3,000
8,000
1,000
2,000
3,000
5,000
5,000
5,000
5,000
4,000
6,000
6,000

6,000

4,000

5,000

3,000

2,000

1,000

8,000

3,000

4,000

7,000

32,000

15,919

6,000

3,000

5,000

4,494

16,000

32,000

17,000

5,942

6,000

14,000

9,000

13,247

10,000

12,000

11,000

12,440

17,000

15,000

70,433

56,000

75,000

143,000

117,830

45,000

65,000

84,000

Other Current Assets

873,000
916,000
833,000
956,714
1,044,000
1,087,000
993,000
973,779
989,000
876,000
883,000
1,035,170
1,094,000
1,282,000
1,480,000
1,508,702
1,469,000
1,512,000
1,575,000
1,769,590
1,799,000
3,210,000
1,609,000
1,635,454
2,038,000
1,927,000
1,786,000
2,091,279
2,092,000
2,109,000
2,271,000
2,401,000
2,543,000
2,424,000
2,359,000
2,084,000
2,012,000
1,854,000
1,741,000
1,807,000
1,841,000
1,906,000
1,999,000

1,999,000

1,906,000

1,841,000

1,807,000

1,741,000

1,854,000

2,012,000

2,084,000

2,359,000

2,424,000

2,543,000

2,401,000

2,271,000

2,109,000

2,092,000

2,091,279

1,786,000

1,927,000

2,038,000

1,635,454

1,609,000

3,210,000

1,799,000

1,769,590

1,575,000

1,512,000

1,469,000

1,508,702

1,480,000

1,282,000

1,094,000

1,035,170

883,000

876,000

989,000

973,779

993,000

1,087,000

1,044,000

956,714

833,000

916,000

873,000

> Long-term Assets

15,986,000
15,814,000
15,732,000
15,760,137
15,646,000
15,606,000
15,533,000
15,477,427
15,281,000
15,140,000
15,199,000
15,531,479
15,497,000
15,530,000
15,868,000
16,166,548
15,811,000
16,010,000
16,026,000
17,185,201
17,043,000
17,017,000
16,774,000
17,007,149
16,691,000
16,765,000
16,766,000
17,138,906
18,064,000
18,089,000
18,036,000
18,451,000
18,365,000
18,226,000
18,173,000
19,110,000
18,957,000
18,827,000
18,888,000
19,440,000
19,748,000
19,759,000
19,937,000

19,937,000

19,759,000

19,748,000

19,440,000

18,888,000

18,827,000

18,957,000

19,110,000

18,173,000

18,226,000

18,365,000

18,451,000

18,036,000

18,089,000

18,064,000

17,138,906

16,766,000

16,765,000

16,691,000

17,007,149

16,774,000

17,017,000

17,043,000

17,185,201

16,026,000

16,010,000

15,811,000

16,166,548

15,868,000

15,530,000

15,497,000

15,531,479

15,199,000

15,140,000

15,281,000

15,477,427

15,533,000

15,606,000

15,646,000

15,760,137

15,732,000

15,814,000

15,986,000

Property Plant Equipment

4,790,000
4,586,000
4,450,000
4,458,886
4,350,000
4,271,000
4,139,000
4,038,431
3,893,000
3,753,000
3,822,000
4,008,811
3,855,000
3,816,000
3,902,000
4,227,252
4,124,000
4,260,000
4,262,000
4,502,020
4,503,000
4,551,000
4,627,000
4,841,261
4,890,000
4,877,000
4,885,000
5,189,390
6,085,000
5,804,000
5,724,000
5,954,000
5,869,000
5,776,000
5,744,000
6,698,000
6,582,000
6,479,000
6,605,000
7,049,000
7,070,000
7,078,000
7,189,000

7,189,000

7,078,000

7,070,000

7,049,000

6,605,000

6,479,000

6,582,000

6,698,000

5,744,000

5,776,000

5,869,000

5,954,000

5,724,000

5,804,000

6,085,000

5,189,390

4,885,000

4,877,000

4,890,000

4,841,261

4,627,000

4,551,000

4,503,000

4,502,020

4,262,000

4,260,000

4,124,000

4,227,252

3,902,000

3,816,000

3,855,000

4,008,811

3,822,000

3,753,000

3,893,000

4,038,431

4,139,000

4,271,000

4,350,000

4,458,886

4,450,000

4,586,000

4,790,000

Goodwill

0
0
0
219,087
0
0
0
219,087
0
0
0
219,087
0
219,000
219,000
219,087
219,000
0
0
219,087
0
0
0
219,087
0
0
0
219,087
0
0
0
219,000
0
249,000
249,000
254,000
0
0
0
9,581,000
0
9,695,000
0

9,695,000

9,581,000

254,000

249,000

219,000

219,087

219,000

219,087

219,000

219,087

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
380,000
618,000
567,000
292,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

292,000

567,000

618,000

380,000

Intangible Assets

0
0
0
10,932,915
0
0
0
10,947,491
0
0
0
10,957,034
0
0
0
11,048,040
0
0
0
11,077,540
0
0
0
11,135,089
0
0
0
10,707,381
10,926,000
11,212,000
11,214,000
11,091,000
11,322,000
11,126,000
11,176,000
11,207,000
11,450,000
11,456,000
11,436,000
1,893,000
11,546,000
1,832,000
11,586,000

11,586,000

1,832,000

11,546,000

1,893,000

11,436,000

11,456,000

11,450,000

11,207,000

11,176,000

11,126,000

11,322,000

11,091,000

11,214,000

11,212,000

10,926,000

10,707,381

11,135,089

11,077,540

11,048,040

10,957,034

10,947,491

10,932,915

Other Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,000
0
0
0
0
0
0
0
0
0
0
0
123,000
132,000
135,000

135,000

132,000

123,000

1,000

> Total Liabilities

10,641,000
10,531,000
10,513,000
10,744,874
10,671,000
11,016,000
11,505,000
11,312,769
11,380,000
12,236,000
12,591,000
13,371,841
13,391,000
14,343,000
14,544,000
14,764,429
13,735,000
14,071,000
13,719,000
14,922,180
14,576,000
14,045,000
12,265,000
12,207,313
12,051,000
12,072,000
12,019,000
12,656,830
13,499,000
13,670,000
14,051,000
14,367,000
14,830,000
14,284,000
14,061,000
14,882,000
14,917,000
14,995,000
15,109,000
15,718,000
15,484,000
15,931,000
16,564,000

16,564,000

15,931,000

15,484,000

15,718,000

15,109,000

14,995,000

14,917,000

14,882,000

14,061,000

14,284,000

14,830,000

14,367,000

14,051,000

13,670,000

13,499,000

12,656,830

12,019,000

12,072,000

12,051,000

12,207,313

12,265,000

14,045,000

14,576,000

14,922,180

13,719,000

14,071,000

13,735,000

14,764,429

14,544,000

14,343,000

13,391,000

13,371,841

12,591,000

12,236,000

11,380,000

11,312,769

11,505,000

11,016,000

10,671,000

10,744,874

10,513,000

10,531,000

10,641,000

> Total Current Liabilities

2,788,000
2,550,000
2,662,000
2,768,153
2,701,000
2,945,000
3,894,000
3,660,444
4,143,000
3,806,000
3,579,000
4,183,248
4,204,000
4,303,000
4,689,000
4,893,535
4,665,000
4,965,000
4,539,000
4,996,606
4,367,000
3,997,000
3,732,000
3,932,684
3,759,000
3,856,000
3,873,000
4,542,011
4,450,000
4,631,000
5,032,000
5,657,000
6,098,000
5,300,000
5,049,000
4,461,000
6,226,000
5,357,000
5,218,000
6,274,000
4,883,000
5,345,000
4,691,000

4,691,000

5,345,000

4,883,000

6,274,000

5,218,000

5,357,000

6,226,000

4,461,000

5,049,000

5,300,000

6,098,000

5,657,000

5,032,000

4,631,000

4,450,000

4,542,011

3,873,000

3,856,000

3,759,000

3,932,684

3,732,000

3,997,000

4,367,000

4,996,606

4,539,000

4,965,000

4,665,000

4,893,535

4,689,000

4,303,000

4,204,000

4,183,248

3,579,000

3,806,000

4,143,000

3,660,444

3,894,000

2,945,000

2,701,000

2,768,153

2,662,000

2,550,000

2,788,000

Short-term Debt

13,000
2,000
2,000
2,061
2,000
2,000
409,000
910,103
1,314,000
1,302,000
821,000
879,695
931,000
948,000
1,101,000
1,076,948
1,008,000
1,041,000
557,000
1,101,294
510,000
509,000
207,000
205,358
204,000
203,000
202,000
201,097
334,000
336,000
337,000
1,053,000
1,065,000
657,000
657,000
255,000
2,319,000
1,671,000
1,515,000
2,034,000
768,000
767,000
768,000

768,000

767,000

768,000

2,034,000

1,515,000

1,671,000

2,319,000

255,000

657,000

1,065,000

1,053,000

337,000

336,000

334,000

201,097

202,000

203,000

204,000

205,358

207,000

509,000

510,000

1,101,294

557,000

1,041,000

1,008,000

1,076,948

1,101,000

948,000

931,000

879,695

821,000

1,302,000

1,314,000

910,103

409,000

2,000

2,061

2,000

13,000

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
10,015,000
9,954,000
9,907,000
9,111,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
905,000
910,000
504,000
510,000
0
2,060,000
1,424,000
1,256,000
1,772,000
500,000
500,000
500,000

500,000

1,772,000

1,256,000

1,424,000

2,060,000

510,000

504,000

910,000

905,000

9,111,000

9,907,000

9,954,000

10,015,000

Accounts payable

2,656,000
2,446,000
2,505,000
830,843
2,528,000
2,661,000
2,659,000
564,470
1,864,000
1,988,000
2,274,000
1,137,332
2,920,000
2,875,000
3,161,000
1,664,791
3,297,000
3,508,000
3,602,000
1,813,530
3,552,000
3,016,000
3,024,000
1,617,368
3,169,000
3,168,000
3,267,000
2,183,937
3,796,000
3,870,000
4,186,000
2,537,000
4,419,000
4,242,000
3,940,000
2,538,000
3,777,000
3,502,000
3,447,000
2,550,000
3,927,000
4,180,000
3,413,000

3,413,000

4,180,000

3,927,000

2,550,000

3,447,000

3,502,000

3,777,000

2,538,000

3,940,000

4,242,000

4,419,000

2,537,000

4,186,000

3,870,000

3,796,000

2,183,937

3,267,000

3,168,000

3,169,000

1,617,368

3,024,000

3,016,000

3,552,000

1,813,530

3,602,000

3,508,000

3,297,000

1,664,791

3,161,000

2,875,000

2,920,000

1,137,332

2,274,000

1,988,000

1,864,000

564,470

2,659,000

2,661,000

2,528,000

830,843

2,505,000

2,446,000

2,656,000

Other Current Liabilities

119,000
102,000
155,000
1,935,249
171,000
282,000
826,000
2,185,871
965,000
516,000
484,000
2,166,221
353,000
480,000
427,000
2,151,796
360,000
416,000
380,000
2,081,782
305,000
472,000
501,000
2,109,958
386,000
485,000
404,000
2,156,977
320,000
425,000
509,000
2,067,000
614,000
401,000
452,000
1,668,000
130,000
184,000
123,000
1,671,000
78,000
111,000
134,000

134,000

111,000

78,000

1,671,000

123,000

184,000

130,000

1,668,000

452,000

401,000

614,000

2,067,000

509,000

425,000

320,000

2,156,977

404,000

485,000

386,000

2,109,958

501,000

472,000

305,000

2,081,782

380,000

416,000

360,000

2,151,796

427,000

480,000

353,000

2,166,221

484,000

516,000

965,000

2,185,871

826,000

282,000

171,000

1,935,249

155,000

102,000

119,000

> Long-term Liabilities

7,853,000
7,981,000
7,851,000
7,976,721
7,970,000
8,071,000
7,611,000
7,652,325
7,237,000
8,430,000
9,012,000
9,188,593
9,187,000
10,040,000
9,855,000
9,870,894
9,070,000
9,106,000
9,180,000
9,925,574
10,209,000
10,048,000
8,533,000
8,274,629
8,292,000
8,216,000
8,146,000
8,114,819
9,049,000
9,039,000
9,019,000
8,710,000
8,732,000
8,984,000
9,012,000
10,421,000
8,691,000
9,638,000
9,891,000
9,444,000
10,601,000
10,586,000
11,873,000

11,873,000

10,586,000

10,601,000

9,444,000

9,891,000

9,638,000

8,691,000

10,421,000

9,012,000

8,984,000

8,732,000

8,710,000

9,019,000

9,039,000

9,049,000

8,114,819

8,146,000

8,216,000

8,292,000

8,274,629

8,533,000

10,048,000

10,209,000

9,925,574

9,180,000

9,106,000

9,070,000

9,870,894

9,855,000

10,040,000

9,187,000

9,188,593

9,012,000

8,430,000

7,237,000

7,652,325

7,611,000

8,071,000

7,970,000

7,976,721

7,851,000

7,981,000

7,853,000

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,381,000
8,390,000
8,360,000
7,894,000
7,907,000
0
8,234,000
9,508,000
7,760,000
8,658,000
8,545,000
8,056,000
9,162,000
9,125,000
9,516,000

9,516,000

9,125,000

9,162,000

8,056,000

8,545,000

8,658,000

7,760,000

9,508,000

8,234,000

7,907,000

7,894,000

8,360,000

8,390,000

8,381,000

> Total Stockholder Equity

8,113,000
7,320,000
7,238,000
7,049,118
6,940,000
6,275,000
6,241,000
6,001,836
5,877,000
5,124,000
4,959,000
4,715,405
4,522,000
4,012,000
4,089,000
4,190,015
4,308,000
4,411,000
4,555,000
4,720,899
4,842,000
6,689,000
6,865,000
7,041,911
7,059,000
7,147,000
7,273,000
7,149,731
7,123,000
7,135,000
7,104,000
7,070,000
7,034,000
7,060,000
7,110,000
7,050,000
7,009,000
7,060,000
6,739,000
6,725,000
6,640,000
6,590,000
6,517,000

6,517,000

6,590,000

6,640,000

6,725,000

6,739,000

7,060,000

7,009,000

7,050,000

7,110,000

7,060,000

7,034,000

7,070,000

7,104,000

7,135,000

7,123,000

7,149,731

7,273,000

7,147,000

7,059,000

7,041,911

6,865,000

6,689,000

4,842,000

4,720,899

4,555,000

4,411,000

4,308,000

4,190,015

4,089,000

4,012,000

4,522,000

4,715,405

4,959,000

5,124,000

5,877,000

6,001,836

6,241,000

6,275,000

6,940,000

7,049,118

7,238,000

7,320,000

8,113,000

Common Stock

750,000
750,000
750,000
750,057
750,000
750,000
750,000
750,345
750,000
751,000
751,000
750,658
751,000
751,000
751,000
750,998
751,000
751,000
751,000
751,031
814,000
2,469,000
2,469,000
2,468,942
2,469,000
2,509,000
2,509,000
2,508,640
2,509,000
2,509,000
2,532,000
2,532,000
2,532,000
2,547,000
2,547,000
2,547,000
2,547,000
2,564,000
2,564,000
2,564,000
2,564,000
2,585,000
2,585,000

2,585,000

2,564,000

2,547,000

2,532,000

2,509,000

2,508,640

2,509,000

2,469,000

2,468,942

2,469,000

814,000

751,031

751,000

750,998

751,000

750,658

751,000

750,000

750,345

750,000

750,057

750,000

Retained Earnings Total Equity

Accumulated Other Comprehensive Income

Capital Surplus

Treasury Stock

Other Stockholders Equity

7,363,000
6,570,000
6,488,000
6,299,061
6,190,000
5,525,000
5,491,000
5,251,491
5,127,000
4,373,000
4,208,000
3,964,747
3,771,000
3,261,000
3,338,000
3,439,017
3,557,000
3,660,000
3,804,000
3,969,868
4,028,000
4,220,000
4,396,000
4,572,969
4,590,000
4,638,000
4,764,000
4,641,091
4,614,000
4,626,000
4,572,000
4,538,000
4,502,000
4,513,000
4,563,000
4,503,000
65,000
52,000
54,000
4,161,000
72,000
4,005,000
3,932,000

3,932,000

4,005,000

72,000

4,161,000

54,000

52,000

65,000

4,503,000

4,563,000

4,513,000

4,502,000

4,538,000

4,572,000

4,626,000

4,614,000

4,641,091

4,764,000

4,638,000

4,590,000

4,572,969

4,396,000

4,220,000

4,028,000

3,969,868

3,804,000

3,660,000

3,557,000

3,439,017

3,338,000

3,261,000

3,771,000

3,964,747

4,208,000

4,373,000

5,127,000

5,251,491

5,491,000

5,525,000

6,190,000

6,299,061

6,488,000

6,570,000

7,363,000

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	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Accounts Payable	2,550,000	2,538,000	2,537,000	2,183,937	1,617,368	1,813,530	1,664,791	1,137,332	564,470	830,843	2,851,715	3,149,623	2,553,779	2,267,336	2,308,819	2,172,367
Capital Lease Obligations	2,024,000	1,942,000	1,108,000	565	206,118	513,103	-	-	-	-	-	-	-	-	-	-
Capital Stock	2,564,000	2,547,000	2,532,000	2,508,640	-	-	-	-	-	-	-	-	-	-	-	-
Capital Surpluse	-	-	-	0	0	61,974	60,027	-	-	-	-	-	-	-	-	-
Cash	1,191,000	735,000	582,000	560,457	602,127	682,346	1,296,448	1,530,519	807,946	967,498	838,125	897,621	1,192,068	1,691,689	721,110	1,725,214
Cash And Short Term Investments	1,191,000	735,000	582,000	560,457	602,127	682,346	1,296,448	1,530,519	807,946	967,498	838,125	897,621	1,192,068	1,691,689	721,110	1,725,214
Common Stock	2,564,000	2,547,000	2,532,000	2,508,640	2,468,942	751,031	750,998	750,658	750,345	750,057	750,000	750,000	750,000	-	-	-
Common Stock Shares Outstanding	7,829,000	7,825,000	7,822,000	7,831,088	7,661,164	7,509,534	7,510,541	7,507,022	7,504,193	7,501,837	7,500,000	7,500,000	5,789,574	7,500,000	7,500,000	7,500,000
Good Will	9,581,000	254,000	219,000	219,087	219,087	219,087	219,087	219,087	219,087	219,087	-	-	-	-	-	-
Intangible Assets	1,893,000	11,207,000	11,091,000	10,707,381	11,135,089	11,077,540	11,048,040	10,957,034	10,947,491	10,932,915	11,059,649	11,019,419	11,018,865	-	-	-
Inventory	5,000	3,000	3,000	15,919	4,494	5,942	13,247	12,440	70,433	117,830	110,249	214,098	133,412	107,719	54,573	62,063
Liabilities And Stockholders Equity	22,443,000	21,932,000	21,437,000	19,806,561	19,249,224	19,643,079	18,954,444	18,087,246	17,314,605	17,793,992	17,986,552	18,225,210	17,798,107	8,438,192	6,827,909	8,327,711
Long Term Debt	6,294,000	7,821,000	6,934,000	7,439,121	7,439,176	8,760,884	8,793,000	8,107,000	6,664,000	7,203,000	-	-	-	-	-	-
Long Term Debt Total	8,056,000	9,508,000	7,894,000	7,439,121	7,439,936	8,762,728	8,800,704	-	-	-	-	-	-	-	-	-
Long Term Investments	-	-	-	-	-	-	567,000	245,000	145,000	28,000	-	-	-	-	-	-
Net Debt	8,899,000	9,028,000	8,365,000	7,079,761	7,043,167	9,181,676	8,581,204	7,467,565	6,744,204	5,844,570	5,070,611	4,209,452	3,874,618	-1,583,520	-612,507	-1,464,460
Net Invested Capital	14,791,000	14,871,000	14,909,000	14,789,384	14,481,087	-	-	-	-	-	-	-	-	-	-	-
Net Receivables	1,081,000	1,254,000	1,349,000	1,111,885	1,104,940	976,664	1,037,000	781,000	742,000	682,000	-	-	-	-	-	-
Net Working Capital	-3,271,000	-1,639,000	-2,671,000	-1,874,356	-1,690,609	-	-	-	-	-	-	-	-	-	-	-
Non Current Assets Total	19,440,000	19,110,000	18,451,000	17,138,906	17,007,149	17,185,201	16,166,548	15,531,479	15,477,427	15,760,137	16,154,844	16,122,371	15,666,237	4,830,125	5,083,951	4,794,074
Non Current Liabilities Total	9,444,000	10,421,000	8,710,000	8,114,819	8,274,629	9,925,574	9,870,894	9,188,593	7,652,325	7,976,721	5,516,270	6,235,383	5,542,074	591,139	671,197	553,786
Non Currrent Assets Other	917,000	951,000	1,187,000	1,023,047	804,087	1,341,325	616,783	244,502	144,800	28,246	3,251	-	6,571	173,500	-	-
Other Assets	0	-	-	1,377	10,190	515,274	622,613	-	-	-	-	-	-	-	-	-
Other Current Assets	1,807,000	2,084,000	2,401,000	2,091,279	1,635,454	1,769,590	1,508,702	1,035,170	973,779	956,714	887,301	991,120	806,390	1,808,659	968,275	1,746,360
Other Current Liab	1,671,000	1,611,000	1,941,000	1,958,059	2,109,958	2,081,782	2,151,796	2,166,221	2,185,871	1,935,249	70,200	160,304	703,609	1,292,853	1,242,669	2,066,220
Other Stockholder Equity	4,161,000	4,503,000	4,538,000	4,641,091	4,572,969	3,969,868	3,439,017	3,964,747	5,251,491	6,299,061	7,334,417	7,916,699	8,195,107	-	-	-
Property Plant And Equipment Net	7,049,000	6,698,000	5,954,000	5,189,390	4,841,261	4,502,020	4,227,252	4,008,811	4,038,431	4,458,886	4,971,074	5,007,046	4,555,204	4,465,717	4,843,992	4,590,876
Property Plant Equipment	7,047,000	6,698,000	6,840,000	5,189,390	4,841,261	4,502,020	4,227,252	-	-	-	-	-	-	-	-	-
Retained Earnings	4,169,000	4,523,000	4,478,000	4,641,091	4,477,071	3,907,894	2,962,000	1,223,000	81,000	85,000	-	-	-	-	-	-
Short Long Term Debt	1,772,000	-	905,000	200,532	0	590,035	9,907,000	9,043,000	7,669,000	7,210,000	-	-	-	-	-	-
Short Long Term Debt Total	10,090,000	9,763,000	8,947,000	7,640,218	7,645,294	9,864,022	9,877,652	8,998,084	7,552,150	6,812,068	5,908,736	5,107,073	5,066,686	108,169	108,603	260,754
Short Term Debt	2,034,000	255,000	1,053,000	201,097	205,358	1,101,294	1,076,948	879,695	910,103	2,061	1,463,950	13,201	53,538	2,694	2,312	154,013
Short Term Investments	1,074,000	547,000	445,000	370,273	439,369	485,242	97,000	81,000	86,000	88,000	-	-	-	-	-	-
Total Assets	22,443,000	21,932,000	21,437,000	19,806,561	19,249,224	19,643,079	18,984,945	18,109,608	17,329,585	17,802,179	17,990,519	18,225,210	17,798,107	8,438,192	6,827,909	8,327,711
Total Current Assets	3,003,000	2,822,000	2,986,000	2,667,655	2,242,075	2,457,878	2,818,397	2,578,129	1,852,158	2,042,042	1,835,675	2,102,839	2,131,870	3,608,067	1,743,958	3,533,637
Total Current Liabilities	6,274,000	4,461,000	5,657,000	4,542,011	3,932,684	4,996,606	4,893,535	4,183,248	3,660,444	2,768,153	4,385,865	3,323,128	3,310,926	3,562,883	3,553,800	4,392,600
Total Liab	15,718,000	14,882,000	14,367,000	12,656,830	12,207,313	14,922,180	14,764,429	13,371,841	11,312,769	10,744,874	9,902,135	9,558,511	8,853,000	4,154,022	4,224,997	4,946,386
Total Stockholder Equity	6,725,000	7,050,000	7,070,000	7,149,731	7,041,911	4,720,899	4,190,015	4,715,405	6,001,836	7,049,118	8,084,417	8,666,699	8,945,107	4,284,170	2,602,912	3,381,325

	2022-09-30	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	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31
Accounts Payable	3,413,000	4,180,000	3,927,000	2,550,000	3,447,000	3,502,000	3,777,000	2,538,000	3,940,000	4,242,000	4,419,000	2,537,000	4,186,000	3,870,000	3,796,000	2,183,937	3,267,000	3,168,000	3,169,000	1,617,368	3,024,000	3,016,000	3,552,000	1,813,530	3,602,000	3,508,000	3,297,000	1,664,791	3,161,000	2,875,000	2,920,000	1,137,332	2,274,000	1,988,000	1,864,000	564,470	2,659,000	2,661,000	2,528,000	830,843	2,505,000	2,446,000	2,656,000
Capital Lease Obligations	1,960,000	1,975,000	2,011,000	2,024,000	1,996,000	1,970,000	1,975,000	1,942,000	1,074,000	1,097,000	1,151,000	1,108,000	1,277,000	1,289,000	1,294,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Stock	2,585,000	2,585,000	2,564,000	2,564,000	2,564,000	2,564,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash	1,142,000	853,000	531,000	1,191,000	1,214,000	1,369,000	952,000	735,000	637,000	693,000	948,000	582,000	844,000	600,000	434,000	560,457	734,000	524,000	376,000	602,127	731,000	475,000	559,000	682,346	696,000	973,000	786,000	1,296,448	1,303,000	1,557,000	1,335,000	1,530,519	1,477,000	1,353,000	991,000	807,946	1,177,000	534,000	787,000	967,498	1,149,000	1,063,000	1,816,000
Cash And Equivalents	1,142,000	853,000	531,000	1,191,000	1,214,000	1,369,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash And Short Term Investments	1,142,000	853,000	531,000	1,191,000	1,214,000	1,369,000	952,000	735,000	637,000	693,000	948,000	582,000	844,000	600,000	434,000	560,457	734,000	524,000	376,000	602,127	731,000	475,000	559,000	682,346	696,000	973,000	786,000	1,296,448	1,303,000	1,557,000	1,335,000	1,530,519	1,477,000	1,353,000	991,000	807,946	1,177,000	534,000	787,000	967,498	1,149,000	1,063,000	1,816,000
Common Stock	2,585,000	2,585,000	2,564,000	2,564,000	2,564,000	2,564,000	2,547,000	2,547,000	2,547,000	2,547,000	2,532,000	2,532,000	2,532,000	2,509,000	2,509,000	2,508,640	2,509,000	2,509,000	2,469,000	2,468,942	2,469,000	2,469,000	814,000	751,031	751,000	751,000	751,000	750,998	751,000	751,000	751,000	750,658	751,000	751,000	750,000	750,345	750,000	750,000	750,000	750,057	750,000	750,000	750,000
Common Stock Shares Outstanding	7,834,000	7,826,000	7,830,000	7,830,000	7,830,000	7,823,000	7,826,000	7,826,000	7,826,000	7,821,000	7,820,000	7,823,000	7,821,000	7,817,000	7,832,000	7,833,000	7,814,000	7,812,000	7,809,000	7,829,000	7,809,000	7,512,000	7,509,000	7,509,000	7,509,000	7,509,000	7,510,000	7,508,000	7,509,000	7,510,000	7,509,000	7,505,000	7,506,000	7,507,000	7,508,000	7,502,000	7,506,000	7,504,000	7,502,000	7,500,000	7,501,000	7,501,000	7,501,000
Good Will	-	9,695,000	-	9,581,000	-	-	-	254,000	249,000	249,000	-	219,000	-	-	-	219,087	-	-	-	219,087	-	-	-	219,087	-	-	219,000	219,087	219,000	219,000	-	219,087	-	-	-	219,087	-	-	-	219,087	-	-	-
Intangible Assets	11,586,000	1,832,000	11,546,000	1,893,000	11,436,000	11,456,000	11,450,000	11,207,000	11,176,000	11,126,000	11,322,000	11,091,000	11,214,000	11,212,000	10,926,000	10,707,381	-	-	-	11,135,089	-	-	-	11,077,540	-	-	-	11,048,040	-	-	-	10,957,034	-	-	-	10,947,491	-	-	-	10,932,915	-	-	-
Inventory	6,000	6,000	4,000	5,000	5,000	5,000	5,000	3,000	2,000	1,000	8,000	3,000	4,000	7,000	32,000	15,919	6,000	3,000	5,000	4,494	16,000	32,000	17,000	5,942	6,000	14,000	9,000	13,247	10,000	12,000	11,000	12,440	17,000	15,000	15,000	70,433	56,000	75,000	143,000	117,830	45,000	65,000	84,000
Liabilities And Stockholders Equity	23,081,000	22,521,000	22,124,000	22,443,000	21,848,000	22,055,000	21,926,000	21,932,000	21,171,000	21,344,000	21,864,000	21,437,000	21,155,000	20,805,000	20,622,000	19,806,561	19,292,000	19,219,000	19,110,000	19,249,224	19,130,000	20,734,000	19,418,000	19,643,079	18,274,000	18,482,000	18,043,000	18,954,444	18,633,000	18,355,000	17,913,000	18,087,246	17,550,000	17,360,000	17,257,000	17,314,605	17,746,000	17,291,000	17,611,000	17,793,992	17,751,000	17,851,000	18,754,000
Long Term Debt	7,824,000	7,417,000	7,419,000	6,294,000	6,808,000	6,935,000	6,044,000	7,821,000	7,307,000	7,330,000	6,911,000	6,934,000	7,420,000	7,437,000	7,421,000	-	-	-	-	-	-	-	-	-	-	-	8,067,000	8,793,000	8,814,000	9,028,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt Total	9,516,000	9,125,000	9,162,000	8,056,000	8,545,000	8,658,000	7,760,000	9,508,000	8,234,000	-	7,907,000	7,894,000	8,360,000	8,390,000	8,381,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	292,000	567,000	618,000	380,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Debt	9,142,000	9,039,000	9,399,000	8,899,000	8,846,000	8,960,000	9,127,000	9,028,000	8,254,000	8,238,000	8,024,000	8,365,000	7,853,000	8,126,000	8,281,000	7,079,761	6,890,000	7,116,000	7,249,000	7,043,167	7,109,000	9,083,000	9,023,000	9,181,676	8,019,000	8,218,000	8,295,000	8,581,204	8,620,000	8,428,000	7,727,000	7,467,565	7,320,000	7,283,000	6,520,000	6,744,204	5,825,000	6,376,000	6,033,000	5,844,570	5,677,000	5,916,000	5,037,000
Net Invested Capital	14,841,000	14,507,000	14,559,000	14,791,000	14,803,000	15,419,000	15,113,000	14,871,000	14,927,000	14,894,000	14,855,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Receivables	1,203,000	954,000	915,000	1,807,000	1,740,000	1,853,000	2,009,000	2,084,000	2,359,000	2,422,000	2,534,000	2,400,000	1,035,000	950,000	873,000	-	-	-	-	-	-	-	-	-	-	-	1,345,000	1,037,000	1,249,000	1,216,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Working Capital	-1,544,000	-2,580,000	-2,507,000	-3,271,000	-2,258,000	-2,129,000	-3,257,000	-1,639,000	-2,051,000	-2,182,000	-2,599,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Assets Total	19,937,000	19,759,000	19,748,000	19,440,000	18,888,000	18,827,000	18,957,000	19,110,000	18,173,000	18,226,000	18,365,000	18,451,000	18,036,000	18,089,000	18,064,000	17,138,906	16,766,000	16,765,000	16,691,000	17,007,149	16,774,000	17,017,000	17,043,000	17,185,201	16,026,000	16,010,000	15,811,000	16,166,548	15,868,000	15,530,000	15,497,000	15,531,479	15,199,000	15,140,000	15,281,000	15,477,427	15,533,000	15,606,000	15,646,000	15,760,137	15,732,000	15,814,000	15,986,000
Non Current Liabilities Total	11,873,000	10,586,000	10,601,000	9,444,000	9,891,000	9,638,000	8,691,000	10,421,000	9,012,000	8,984,000	8,732,000	8,710,000	9,019,000	9,039,000	9,049,000	8,114,819	8,146,000	8,216,000	8,292,000	8,274,629	8,533,000	10,048,000	10,209,000	9,925,574	9,180,000	9,106,000	9,070,000	9,870,894	9,855,000	10,040,000	9,187,000	9,188,593	9,012,000	8,430,000	7,237,000	7,652,325	7,611,000	8,071,000	7,970,000	7,976,721	7,851,000	7,981,000	7,853,000
Non Currrent Assets Other	1,161,000	1,153,000	1,132,000	917,000	847,000	892,000	925,000	951,000	1,004,000	1,075,000	1,174,000	1,187,000	1,098,000	1,073,000	1,052,000	1,023,047	951,000	958,000	867,000	804,087	826,000	1,126,000	1,179,000	1,341,325	453,000	419,000	375,000	616,783	634,000	380,000	320,000	244,502	107,000	100,000	127,000	144,800	96,000	42,000	27,000	28,246	18,000	9,000	-
Other Assets	135,000	132,000	123,000	0	0	0	0	-	-	-	-	-	-	-	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Current Assets	1,999,000	1,906,000	1,841,000	1,807,000	1,741,000	1,854,000	2,012,000	2,084,000	2,359,000	2,424,000	2,543,000	2,401,000	2,271,000	2,109,000	2,092,000	2,091,279	1,786,000	1,927,000	2,038,000	1,635,454	1,609,000	3,210,000	1,799,000	1,769,590	1,575,000	1,512,000	1,469,000	1,508,702	1,480,000	1,282,000	1,094,000	1,035,170	883,000	876,000	989,000	973,779	993,000	1,087,000	1,044,000	956,714	833,000	916,000	873,000
Other Current Liab	134,000	111,000	78,000	1,671,000	123,000	184,000	130,000	1,668,000	452,000	401,000	614,000	2,067,000	509,000	425,000	320,000	2,156,977	404,000	485,000	386,000	2,109,958	501,000	472,000	305,000	2,081,782	380,000	416,000	360,000	2,151,796	427,000	480,000	353,000	2,166,221	484,000	516,000	965,000	2,185,871	826,000	282,000	171,000	1,935,249	155,000	102,000	119,000
Other Stockholder Equity	3,932,000	4,005,000	72,000	4,161,000	54,000	52,000	65,000	4,503,000	4,563,000	4,513,000	4,502,000	4,538,000	4,572,000	4,626,000	4,614,000	4,641,091	4,764,000	4,638,000	4,590,000	4,572,969	4,396,000	4,220,000	4,028,000	3,969,868	3,804,000	3,660,000	3,557,000	3,439,017	3,338,000	3,261,000	3,771,000	3,964,747	4,208,000	4,373,000	5,127,000	5,251,491	5,491,000	5,525,000	6,190,000	6,299,061	6,488,000	6,570,000	7,363,000
Property Plant And Equipment Net	7,189,000	7,078,000	7,070,000	7,049,000	6,605,000	6,479,000	6,582,000	6,698,000	5,744,000	5,776,000	5,869,000	5,954,000	5,724,000	5,804,000	6,085,000	5,189,390	4,885,000	4,877,000	4,890,000	4,841,261	4,627,000	4,551,000	4,503,000	4,502,020	4,262,000	4,260,000	4,124,000	4,227,252	3,902,000	3,816,000	3,855,000	4,008,811	3,822,000	3,753,000	3,893,000	4,038,431	4,139,000	4,271,000	4,350,000	4,458,886	4,450,000	4,586,000	4,790,000
Property Plant Equipment	7,189,000	7,078,000	7,070,000	7,047,000	6,605,000	6,479,000	6,582,000	6,698,000	5,744,000	5,776,000	5,869,000	6,840,000	5,724,000	5,804,000	6,085,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retained Earnings	3,932,000	4,005,000	4,004,000	4,161,000	4,121,000	4,444,000	4,397,000	4,503,000	4,563,000	4,513,000	4,502,000	4,469,000	4,572,000	4,626,000	4,614,000	-	-	-	-	-	-	-	-	-	-	-	3,380,000	2,962,000	2,495,000	2,075,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Long Term Debt	500,000	500,000	500,000	1,772,000	1,256,000	1,424,000	2,060,000	-	510,000	504,000	910,000	905,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	9,111,000	9,907,000	9,954,000	10,015,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Long Term Debt Total	10,284,000	9,892,000	9,930,000	10,090,000	10,060,000	10,329,000	10,079,000	9,763,000	8,891,000	8,931,000	8,972,000	8,947,000	8,697,000	8,726,000	8,715,000	7,640,218	7,624,000	7,640,000	7,625,000	7,645,294	7,840,000	9,558,000	9,582,000	9,864,022	8,715,000	9,191,000	9,081,000	9,877,652	9,923,000	9,985,000	9,062,000	8,998,084	8,797,000	8,636,000	7,511,000	7,552,150	7,002,000	6,910,000	6,820,000	6,812,068	6,826,000	6,979,000	6,853,000
Short Term Debt	768,000	767,000	768,000	2,034,000	1,515,000	1,671,000	2,319,000	255,000	657,000	657,000	1,065,000	1,053,000	337,000	336,000	334,000	201,097	202,000	203,000	204,000	205,358	207,000	509,000	510,000	1,101,294	557,000	1,041,000	1,008,000	1,076,948	1,101,000	948,000	931,000	879,695	821,000	1,302,000	1,314,000	910,103	409,000	2,000	2,000	2,061	2,000	2,000	13,000
Short Term Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	97,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Assets	23,084,000	22,524,000	22,124,000	22,443,000	21,848,000	22,055,000	21,926,000	21,932,000	21,171,000	21,344,000	21,864,000	21,437,000	21,155,000	20,805,000	20,622,000	19,806,561	19,292,000	19,219,000	19,110,000	19,249,224	19,130,000	20,734,000	19,418,000	19,643,079	18,303,000	18,509,000	18,075,000	18,984,945	18,661,000	18,381,000	17,937,000	18,109,608	17,576,000	17,384,000	17,276,000	17,329,585	17,759,000	17,302,000	17,620,000	17,802,179	17,759,000	17,858,000	18,759,000
Total Current Assets	3,147,000	2,765,000	2,376,000	3,003,000	2,960,000	3,228,000	2,969,000	2,822,000	2,998,000	3,118,000	3,499,000	2,986,000	3,119,000	2,716,000	2,558,000	2,667,655	2,526,000	2,454,000	2,419,000	2,242,075	2,356,000	3,717,000	2,375,000	2,457,878	2,277,000	2,499,000	2,264,000	2,818,397	2,793,000	2,851,000	2,440,000	2,578,129	2,377,000	2,244,000	1,995,000	1,852,158	2,226,000	1,696,000	1,974,000	2,042,042	2,027,000	2,044,000	2,773,000
Total Current Liabilities	4,691,000	5,345,000	4,883,000	6,274,000	5,218,000	5,357,000	6,226,000	4,461,000	5,049,000	5,300,000	6,098,000	5,657,000	5,032,000	4,631,000	4,450,000	4,542,011	3,873,000	3,856,000	3,759,000	3,932,684	3,732,000	3,997,000	4,367,000	4,996,606	4,539,000	4,965,000	4,665,000	4,893,535	4,689,000	4,303,000	4,204,000	4,183,248	3,579,000	3,806,000	4,143,000	3,660,444	3,894,000	2,945,000	2,701,000	2,768,153	2,662,000	2,550,000	2,788,000
Total Liab	16,564,000	15,931,000	15,484,000	15,718,000	15,109,000	14,995,000	14,917,000	14,882,000	14,061,000	14,284,000	14,830,000	14,367,000	14,051,000	13,670,000	13,499,000	12,656,830	12,019,000	12,072,000	12,051,000	12,207,313	12,265,000	14,045,000	14,576,000	14,922,180	13,719,000	14,071,000	13,735,000	14,764,429	14,544,000	14,343,000	13,391,000	13,371,841	12,591,000	12,236,000	11,380,000	11,312,769	11,505,000	11,016,000	10,671,000	10,744,874	10,513,000	10,531,000	10,641,000
Total Stockholder Equity	6,517,000	6,590,000	6,640,000	6,725,000	6,739,000	7,060,000	7,009,000	7,050,000	7,110,000	7,060,000	7,034,000	7,070,000	7,104,000	7,135,000	7,123,000	7,149,731	7,273,000	7,147,000	7,059,000	7,041,911	6,865,000	6,689,000	4,842,000	4,720,899	4,555,000	4,411,000	4,308,000	4,190,015	4,089,000	4,012,000	4,522,000	4,715,405	4,959,000	5,124,000	5,877,000	6,001,836	6,241,000	6,275,000	6,940,000	7,049,118	7,238,000	7,320,000	8,113,000

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	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Begin Period Cash Flow	705,000	552,000	536,000	578,806	661,845	1,296,448	1,530,519	807,946	967,498	838,125	897,621	1,192,068	1,196,967	721,110	1,725,214	1,574,505
Capital Expenditures	1,633,000	1,396,000	1,371,000	1,412,515	1,947,701	1,858,033	1,880,546	1,236,330	807,532	989,744	988,685	1,381,060	589,997	803,992	1,123,815	991,606
Change In Cash	459,000	153,000	16,000	-43,081	-83,039	-634,603	-234,071	722,573	-159,552	129,373	-59,496	-294,447	-4,899	970,579	-1,004,104	150,709
Change In Working Capital	101,000	-207,000	-58,000	137,249	-315,809	-940,778	138,815	448,251	-277,624	-369,562	-266,144	309,316	-384,185	-496,527	264,472	-719,130
Change To Account Receivables	-	-	-	-	-	-	-326,000	-76,000	-90,000	-143,000	-	-	-	-	-	-
Change To Inventory	-2,000	-	13,000	-10,830	1,460	6,395	-451	66,227	18,795	-10,815	82,345	-86,284	-18,964	-57,844	6,805	415
Change To Operating Activities	-	-	-	-	-	-	-11,000	-5,000	-8,000	9,000	-	-	-	-	-	-
Depreciation	1,649,000	1,475,000	1,265,000	1,168,602	1,418,540	1,430,741	1,431,471	1,404,283	1,366,450	1,362,616	1,148,741	1,050,440	357,336	1,192,260	893,804	877,592
Dividends Paid	1,330,000	1,330,000	1,564,000	1,563,023	1,532,096	1,502,049	2,327,686	3,002,291	3,000,640	3,000,084	3,000,000	2,925,000	-	720,000	3,474,206	1,108,600
End Period Cash Flow	1,164,000	705,000	552,000	535,725	578,806	661,845	1,296,448	1,530,519	807,946	967,498	838,125	897,621	1,192,068	1,691,689	721,110	1,725,214
Free Cash Flow	2,273,000	2,243,000	2,008,000	1,917,072	1,875,089	1,242,060	2,192,841	2,870,042	2,669,386	2,430,888	2,722,811	2,709,496	654,979	2,417,545	2,244,470	1,525,963
Investments	-1,640,000	-1,413,000	-1,376,000	-1,415,391	-1,945,064	-1,850,488	-	-	-	-	-	-	-	-	-	-
Issuance Of Capital Stock	0	0	-	290	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	1,308,000	1,382,000	1,519,000	1,779,719	2,191,554	2,012,626	1,747,091	1,724,824	1,772,255	1,860,519	-	-	-	2,400,383	1,980,160	2,105,415
Other Cashflows From Financing Activities	1,580,000	469,000	-423,000	-390,987	333,562	7,281,960	721,830	1,757,174	152,912	2,145,380	1,395,024	4,987,355	-1,853,023	-733,527	231,317	-275,946
Other Cashflows From Investing Activities	-7,000	-17,000	-5,000	-2,876	2,637	7,545	1,586	-	-	-	-	-	-	-	-	-
Other Non Cash Items	821,000	969,000	635,000	225,655	486,838	559,129	731,725	525,648	611,484	569,696	2,828,231	2,730,800	1,218,751	328,935	507,699	218,442
Sale Purchase Of Stock	-7,000	-12,000	0	-3,557	-3,554	-5,831	-2,076	-4,791	-	-	-	-	-	-	-	-
Stock Based Compensation	27,000	20,000	18,000	18,362	-	-	-	-	-	-	-	-	-	-	-	-
Total Cash From Financing Activities	-1,807,000	-2,073,000	-1,987,000	-1,957,277	-1,960,765	-1,884,381	-2,428,981	-2,152,173	-2,835,285	-2,301,579	-2,604,976	-2,929,654	-1,853,023	-1,453,527	-3,242,889	-1,384,546
Total Cash From Operating Activities	3,906,000	3,639,000	3,379,000	3,329,587	3,822,790	3,100,093	4,073,387	4,106,372	3,476,918	3,420,632	3,711,496	4,090,556	1,244,976	3,221,537	3,368,285	2,517,569
Total Cashflows From Investing Activities	-1,640,000	-1,413,000	-1,376,000	-1,415,391	-1,489,801	-1,850,488	-1,879,000	-1,232,000	-801,000	-990,000	-	-	-	-	-	-

	2022-09-30	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	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31
Begin Period Cash Flow	826,000	504,000	1,164,000	1,183,000	1,338,000	921,000	705,000	606,000	662,000	918,000	552,000	814,000	573,000	409,000	536,000	710,000	501,000	353,000	579,000	708,000	454,000	539,000	662,000	696,000	973,000	786,000	1,296,000	1,303,000	1,557,000	1,335,000	1,531,000	1,477,000	1,353,000	991,000	808,000	1,177,000	534,000	787,000	967,000	1,149,000	-	-	838,000
Capital Expenditures	529,000	355,000	299,000	821,000	422,000	236,000	154,000	539,000	330,000	349,000	178,000	648,000	255,000	328,000	140,000	677,515	262,000	307,000	166,000	705,701	425,000	450,000	367,000	765,033	346,000	486,000	261,000	796,546	429,000	399,000	256,000	599,330	391,000	91,000	155,000	274,532	162,000	179,000	192,000	385,744	346,000	181,000	77,000
Change In Cash	289,000	322,000	-660,000	-19,000	-155,000	417,000	216,000	99,000	-56,000	-256,000	366,000	-262,000	241,000	164,000	-127,000	-174,275	209,000	148,000	-226,000	-129,194	254,000	-85,000	-123,000	-34,155	-277,000	187,000	-510,000	-6,552	-254,000	222,000	-196,000	53,519	124,000	362,000	183,000	-369,054	643,000	-253,000	-180,000	-181,502	-713,000	-1,255,000	322,000
Change In Working Capital	-361,000	43,000	-433,000	409,000	1,000	-177,000	-132,000	343,000	-287,000	-145,000	-118,000	37,000	113,000	81,000	-289,000	279,249	229,000	4,000	-375,000	289,191	-67,000	-293,000	-245,000	-843,778	9,000	176,000	-282,000	240,815	186,000	-177,000	-111,000	481,251	322,000	193,000	-548,000	-264,624	107,000	130,000	-250,000	-34,562	117,000	-265,000	-187,000
Change To Account Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-326,000	-326,000	-326,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Change To Operating Activities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-282,000	91,000	186,000	-177,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation	-	-	-	-	-	-	-	-	324,000	-	-	-	-	295,000	296,000	305,000	260,000	-	235,000	-	362,000	-	-	-	-	-	346,000	104,000	309,000	307,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends Paid	392,000	391,000	391,000	313,000	313,000	313,000	391,000	313,000	313,000	704,000	-	391,000	391,000	391,000	391,000	391,023	391,000	390,000	391,000	391,096	390,000	375,000	376,000	375,049	376,000	375,000	376,000	376,686	375,000	976,000	600,000	601,291	600,000	-	-	1,200,640	-	1,200,000	600,000	600,084	600,000	1,200,000	600,000
End Period Cash Flow	1,115,000	826,000	504,000	1,164,000	1,183,000	1,338,000	921,000	705,000	606,000	662,000	918,000	552,000	814,000	573,000	409,000	535,725	710,000	501,000	353,000	578,806	708,000	454,000	539,000	661,845	696,000	973,000	786,000	1,296,448	1,303,000	1,557,000	1,335,000	1,530,519	1,477,000	1,353,000	991,000	807,946	1,177,000	534,000	787,000	967,498	1,149,000	-	-
Free Cash Flow	146,000	819,000	185,000	457,000	645,000	658,000	513,000	706,000	415,000	587,000	535,000	79,000	811,000	693,000	425,000	304,072	714,000	624,000	275,000	576,089	552,000	391,000	356,000	-492,940	648,000	643,000	444,000	470,841	680,000	442,000	600,000	736,042	755,000	1,087,000	292,000	378,386	746,000	1,010,000	535,000	473,888	672,000	574,000	711,000
Investments	-213,000	-293,000	-406,000	-819,000	-431,000	-236,000	-154,000	-546,000	-329,000	-360,000	-178,000	-648,000	-257,000	-331,000	-140,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	315,000	329,000	298,000	289,000	325,000	360,000	334,000	319,000	365,000	343,000	358,000	353,000	358,000	397,000	409,000	266,000	513,000	478,000	523,000	541,000	554,000	574,000	505,000	504,161	503,000	488,000	518,000	467,952	420,000	441,000	410,000	338,442	449,000	446,000	484,000	290,462	472,000	528,000	475,000	378,299	442,000	464,000	572,000
Other Cashflows From Financing Activities	219,000	-168,000	903,000	-165,000	522,000	722,000	494,000	513,000	-159,000	-832,000	-169,000	50,000	-177,000	-135,000	-161,000	-84,987	-113,000	-87,000	-110,000	-102,438	-124,000	-101,000	661,000	3,310,960	711,000	3,418,000	-158,000	-102,170	-142,000	747,000	219,000	-86,826	886,000	-730,000	-118,000	443,912	-115,000	-60,000	-116,000	-61,495	-112,000	-53,000	2,375,000
Other Cashflows From Investing Activities	271,000	-45,000	-107,000	-7,000	-9,000	123,000	66,000	-17,000	-10,000	-11,000	-	-5,000	-5,000	-3,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Non Cash Items	721,000	802,000	619,000	580,000	741,000	711,000	465,000	583,000	343,000	738,000	473,000	337,000	595,000	248,000	149,000	131,338	-26,000	449,000	58,000	451,599	128,000	560,000	463,000	611,710	482,000	465,000	469,000	558,620	503,000	577,000	557,000	515,679	375,000	539,000	511,000	627,080	329,000	531,000	502,000	515,895	459,000	556,000	403,000
Sale Purchase Of Stock	-7,000	-	-	-7,000	-7,000	-	-	-12,000	-	-	-	0	-	-	-	443	-	-	-	-3,554	-	-	-	-3,831	-	-	-2,000	-2,076	-	-	-	209	-	-	-	-	-	-	-	-	-	-	-
Total Cash From Financing Activities	-173,000	-559,000	-738,000	-478,000	-791,000	-241,000	-297,000	-600,000	-472,000	-832,000	-169,000	-341,000	-568,000	-526,000	-552,000	-476,277	-504,000	-476,000	-501,000	-706,765	-298,000	-476,000	-480,000	453,619	-926,000	-456,000	-956,000	-477,981	-934,000	-221,000	-796,000	-685,173	-633,000	-725,000	-109,000	-753,285	-104,000	-1,263,000	-715,000	-655,579	-713,000	-1,255,000	322,000
Total Cash From Operating Activities	675,000	1,174,000	484,000	1,278,000	1,067,000	894,000	667,000	1,245,000	745,000	936,000	713,000	727,000	1,066,000	1,021,000	565,000	981,587	976,000	931,000	441,000	1,281,790	977,000	841,000	723,000	272,093	994,000	1,129,000	705,000	1,267,387	1,109,000	841,000	856,000	1,335,372	1,146,000	1,178,000	447,000	652,918	908,000	1,189,000	727,000	859,632	1,018,000	755,000	788,000
Total Cashflows From Investing Activities	-912,000	-699,000	-406,000	-1,640,000	-821,000	-390,000	-154,000	-1,413,000	-867,000	-538,000	-178,000	-1,376,000	-728,000	-471,000	-140,000	-	-	-	-	-	-	-	-	-	-	-	-259,000	-796,000	-429,000	-398,000	-	-	-	-	-	-	-	-	-	-	-	-	-

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	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cost Of Revenue	4,222,000	3,887,000	4,426,000	4,139,287	2,939,532	2,721,704	2,727,746	2,706,965	3,089,268	3,005,841	2,762,978	2,956,714	4,586,821	2,650,948	2,358,287	2,032,277
Depreciation And Amortization	1,649,000	1,475,000	1,265,000	1,168,602	1,418,540	1,430,741	1,431,471	1,404,283	1,366,450	1,362,616	1,148,741	1,050,440	357,336	1,192,260	893,804	877,592
Ebit	2,221,000	2,329,000	2,492,000	2,750,791	3,029,050	2,908,216	2,650,313	2,675,868	2,717,565	2,807,087	3,271,576	3,372,102	2,012,337	3,258,704	2,719,731	2,897,945
Ebitda	3,870,000	3,804,000	3,757,000	3,919,393	4,447,590	4,338,957	4,081,784	4,080,151	4,084,015	4,169,703	4,420,317	4,422,542	2,369,673	4,450,964	3,613,535	3,775,537
Gross Profit	4,981,000	5,079,000	4,887,000	5,053,149	5,756,906	5,890,092	5,872,827	5,681,537	5,995,184	5,960,987	6,036,943	5,912,159	3,024,292	5,798,828	5,331,317	4,924,859
Income Before Tax	1,762,000	1,852,000	2,036,000	2,368,722	2,893,932	2,736,838	2,460,590	2,436,024	2,496,475	2,576,560	3,004,076	3,132,502	1,938,997	3,227,661	2,687,704	2,873,528
Income Tax Expense	454,000	470,000	517,000	589,003	702,378	724,212	713,499	711,200	724,220	716,041	473,237	837,088	361,211	827,278	707,544	768,113
Interest Expense	459,000	477,000	456,000	382,069	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income	376,000	365,000	407,000	337,285	379,050	406,416	-	-	-	-	-	-	-	-	-	-
Minority Interest	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Net Income	1,308,000	1,382,000	1,519,000	1,779,719	2,191,554	2,013,161	1,738,952	1,717,442	1,765,462	1,856,299	2,530,839	2,295,414	1,577,786	2,400,383	1,980,160	2,105,415
Net Income Applicable To Common Shares	1,308,000	1,382,000	1,512,000	1,779,719	2,180,042	2,013,161	1,738,952	-	-	-	-	-	-	-	-	-
Net Income From Continuing Ops	1,308,000	1,382,000	1,519,000	1,779,719	2,191,554	2,012,626	-	-	-	-	-	-	-	-	-	-
Net Interest Income	-401,000	-394,000	-386,000	-337,300	-380,244	-418,915	-	-	-	-	-	-	-	-	-	-
Operating Income	2,180,000	2,514,000	2,542,000	2,825,523	3,366,532	3,143,254	2,864,186	2,806,669	2,818,547	2,866,412	3,231,703	3,343,344	2,266,445	3,209,795	2,696,291	2,865,414
Other Operating Expenses	7,023,000	6,452,000	6,771,000	6,366,913	5,329,906	5,468,542	5,736,387	5,581,833	6,265,905	6,100,416	5,568,218	5,525,529	5,344,668	5,239,981	4,993,313	4,091,722
Reconciled Depreciation	1,649,000	1,475,000	1,265,000	1,168,602	1,418,540	-	-	-	-	-	-	-	-	-	-	-
Selling And Marketing Expenses	180,000	142,000	173,000	211,468	160,419	-	-	-	-	-	-	-	-	-	-	-
Selling General Administrative	1,333,000	1,528,000	1,301,000	1,407,313	1,172,170	1,876,490	1,767,311	1,702,619	1,900,483	1,754,685	2,721,623	2,543,486	1,488,355	1,330,586	1,705,955	1,139,054
Tax Provision	454,000	470,000	515,000	589,003	698,378	724,212	713,499	-	-	-	-	-	-	-	-	-
Total Operating Expenses	2,801,000	2,565,000	2,345,000	2,227,626	2,390,374	2,746,838	3,008,641	2,874,868	3,176,637	3,094,575	2,805,240	2,568,815	757,847	2,589,033	2,635,026	2,059,445
Total Other Income Expense Net	-418,000	-662,000	-506,000	-456,801	-472,600	406,416	403,596	370,645	322,072	289,852	227,627	210,842	327,448	-17,866	8,587	-8,114
Total Revenue	9,203,000	8,966,000	9,313,000	9,192,436	8,696,438	8,611,796	8,600,573	8,388,502	9,084,452	8,966,828	8,799,921	8,868,873	7,611,113	8,449,776	7,689,604	6,957,136

	2022-09-30	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	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31
Cost Of Revenue	1,083,000	1,118,000	1,167,000	1,235,000	999,000	1,008,000	980,000	1,072,000	983,000	886,000	1,076,000	1,319,000	1,068,000	1,012,000	986,000	1,227,000	954,000	981,000	976,000	1,051,000	764,000	711,000	770,000	683,704	682,000	700,000	656,000	675,746	689,000	650,000	713,000	695,965	652,000	652,000	707,000	763,268	738,000	787,000	801,000	809,841	746,000	716,000	734,000
Depreciation And Amortization	427,000	412,000	417,000	435,000	435,000	393,000	386,000	381,000	324,000	343,000	334,000	358,000	346,000	295,000	296,000	305,000	260,000	268,000	235,000	282,000	362,000	336,000	337,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Ebit	584,000	604,000	531,000	481,000	553,000	609,000	578,000	550,000	597,000	570,000	587,000	608,000	596,000	654,000	658,000	459,000	780,000	729,000	790,000	781,000	847,000	902,000	786,000	-	-	-	840,000	774,000	676,000	736,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Ebitda	1,011,000	1,016,000	948,000	916,000	988,000	1,002,000	964,000	931,000	921,000	913,000	921,000	966,000	942,000	949,000	954,000	764,000	1,040,000	997,000	1,025,000	1,063,000	1,209,000	1,238,000	1,123,000	498,216	789,000	769,000	852,000	517,313	689,000	746,000	698,000	441,868	755,000	730,000	749,000	389,565	754,000	821,000	753,000	531,087	721,000	707,000	848,000
Gross Profit	1,308,000	1,291,000	1,227,000	1,213,000	1,264,000	1,256,000	1,248,000	1,189,000	1,230,000	1,265,000	1,265,000	1,271,000	1,217,000	1,194,000	1,246,000	1,218,000	1,310,000	1,265,000	1,261,000	1,325,000	1,453,000	1,461,000	1,387,000	1,530,092	1,474,000	1,402,000	1,484,000	1,499,827	1,477,000	1,460,000	1,436,000	1,426,537	1,413,000	1,430,000	1,412,000	1,461,184	1,501,000	1,507,000	1,526,000	1,495,987	1,470,000	1,500,000	1,495,000
Income Before Tax	470,000	500,000	432,000	384,000	441,000	484,000	453,000	431,000	492,000	458,000	475,000	469,000	481,000	539,000	544,000	364,000	677,000	635,000	693,000	687,000	727,000	780,000	677,000	674,838	680,000	648,000	734,000	673,590	566,000	631,000	590,000	502,024	643,000	634,000	657,000	428,475	667,000	735,000	666,000	547,560	632,000	630,000	767,000
Income Tax Expense	155,000	171,000	134,000	95,000	116,000	124,000	119,000	112,000	127,000	115,000	117,000	116,000	123,000	142,000	135,000	98,000	164,000	157,000	170,000	146,000	173,000	206,000	172,000	170,212	175,000	165,000	214,000	203,499	144,000	188,000	178,000	167,200	192,000	183,000	169,000	136,220	193,000	205,000	190,000	169,041	189,000	164,000	194,000
Interest Expense	114,000	104,000	99,000	97,000	112,000	125,000	125,000	119,000	105,000	112,000	112,000	139,000	115,000	115,000	114,000	95,000	103,000	94,000	97,000	94,000	120,000	122,000	109,000	176,157	111,000	116,000	120,000	154,138	125,000	117,000	110,000	63,774	114,000	101,000	96,000	37,117	89,000	88,000	88,000	16,253	90,000	79,000	82,000
Interest Income	106,000	5,000	8,000	95,000	99,000	110,000	109,000	142,000	85,000	89,000	89,000	452,000	20,000	15,000	15,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	315,000	329,000	298,000	289,000	325,000	360,000	334,000	319,000	365,000	343,000	358,000	353,000	358,000	397,000	409,000	266,000	513,000	478,000	523,000	541,000	554,000	574,000	505,000	504,161	503,000	488,000	518,000	467,952	420,000	441,000	410,000	338,442	449,000	446,000	484,000	290,462	472,000	528,000	475,000	378,299	442,000	464,000	572,000
Net Income Applicable To Common Shares	315,000	329,000	298,000	289,000	325,000	360,000	334,000	316,000	365,000	343,000	358,000	1,512,000	358,000	397,000	409,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income From Continuing Ops	315,000	329,000	298,000	289,000	325,000	360,000	334,000	319,000	365,000	343,000	358,000	355,000	358,000	397,000	409,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Interest Income	-106,000	-99,000	-91,000	-83,000	-99,000	-110,000	-109,000	-101,000	-85,000	-89,000	-89,000	-92,000	-95,000	-100,000	-99,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	587,000	610,000	545,000	465,000	540,000	600,000	575,000	535,000	625,000	665,000	663,000	617,000	606,000	667,000	676,000	485,000	791,000	749,000	808,000	798,000	827,000	887,000	772,000	775,254	778,000	750,000	840,000	766,186	676,000	736,000	686,000	590,669	744,000	725,000	747,000	508,547	749,000	816,000	745,000	626,412	708,000	694,000	838,000
Other Operating Expenses	1,804,000	1,799,000	1,849,000	1,983,000	1,723,000	1,664,000	1,653,000	1,726,000	1,588,000	1,486,000	1,678,000	1,973,000	1,679,000	1,539,000	1,556,000	1,960,000	1,473,000	1,497,000	1,429,000	1,578,000	1,390,000	1,285,000	1,385,000	1,438,542	1,378,000	1,352,000	1,300,000	1,409,387	1,490,000	1,374,000	1,463,000	1,531,833	1,321,000	1,357,000	1,372,000	1,715,905	1,490,000	1,478,000	1,582,000	1,679,416	1,508,000	1,522,000	1,391,000
Reconciled Depreciation	427,000	412,000	417,000	435,000	435,000	393,000	386,000	381,000	324,000	343,000	334,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling And Marketing Expenses	48,000	50,000	39,000	48,000	49,000	42,000	41,000	26,000	46,000	30,000	40,000	46,000	42,000	43,000	42,000	62,000	59,000	51,000	39,000	35,000	43,000	43,000	39,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling General Administrative	368,000	50,000	39,000	351,000	334,000	312,000	336,000	332,000	375,000	414,000	407,000	1,301,000	42,000	43,000	42,000	-	-	-	-	-	-	-	-	463,490	478,000	485,000	450,000	460,311	439,000	439,000	429,000	466,619	400,000	432,000	404,000	517,483	518,000	414,000	451,000	475,685	465,000	422,000	392,000
Tax Provision	155,000	171,000	134,000	95,000	116,000	124,000	119,000	111,000	127,000	115,000	117,000	515,000	123,000	142,000	135,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses	721,000	681,000	682,000	748,000	724,000	656,000	673,000	654,000	605,000	600,000	602,000	654,000	611,000	527,000	570,000	733,000	519,000	516,000	453,000	527,000	626,000	574,000	615,000	754,838	696,000	652,000	644,000	733,641	801,000	724,000	750,000	835,868	669,000	705,000	665,000	952,637	752,000	691,000	781,000	869,575	762,000	806,000	657,000
Total Other Income Expense Net	-117,000	-110,000	-113,000	-81,000	-99,000	-116,000	-122,000	-104,000	133,000	207,000	188,000	148,000	125,000	128,000	132,000	121,000	114,000	114,000	115,000	111,000	100,000	107,000	95,000	100,416	98,000	102,000	106,000	92,596	110,000	105,000	96,000	88,645	101,000	91,000	90,000	80,072	82,000	81,000	79,000	78,852	76,000	64,000	71,000
Total Revenue	2,391,000	2,409,000	2,394,000	2,448,000	2,263,000	2,264,000	2,228,000	2,261,000	2,213,000	2,151,000	2,341,000	2,590,000	2,285,000	2,206,000	2,232,000	2,445,000	2,264,000	2,246,000	2,237,000	2,376,000	2,217,000	2,172,000	2,157,000	2,213,796	2,156,000	2,102,000	2,140,000	2,175,573	2,166,000	2,110,000	2,149,000	2,122,502	2,065,000	2,082,000	2,119,000	2,224,452	2,239,000	2,294,000	2,327,000	2,305,828	2,216,000	2,216,000	2,229,000

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

Gross Profit (+$)
totalRevenue	9,203,000
Cost of Revenue	-4,222,000
Gross Profit	4,981,000	4,981,000

Operating Income (+$)
Gross Profit	4,981,000
Operating Expense	-2,801,000
Operating Income	2,180,000	2,180,000

Operating Expense (+$)
Research Development	-
Selling General Administrative	1,333,000
Selling And Marketing Expenses	180,000
Operating Expense	2,801,000	1,513,000

Net Interest Income (+$)
Interest Income	376,000
Interest Expense	-459,000
Net Interest Income	-401,000	-83,000

Pretax Income (+$)
Operating Income	2,180,000
Net Interest Income	-401,000
Other Non-Operating Income Expenses	-
Income Before Tax (EBT)	1,762,000	2,598,000 EBIT - interestExpense = 1,762,000 1,762,000 1,767,000
Interest Expense	459,000
Earnings Before Interest and Taxes (ebit)	2,221,000	2,221,000
Earnings Before Interest and Taxes (ebitda)	3,870,000

After tax Income (+$)
Income Before Tax	1,762,000
Tax Provision	-454,000
Net Income From Continuing Ops	1,308,000	1,308,000
Net Income	1,308,000
Net Income Applicable To Common Shares	1,308,000

Non-recurring Events
Discontinued Operations	-
Extraordinary Items	-
Effect of Accounting Charges	-
Other Items	-
Non Recurring	-
Other Operating Expenses	7,023,000
Total Other Income/Expenses Net	-418,000	401,000