United Plantations Berhad

Balance Sheet
RM'000

RM'000

RM'000

RM'000

RM'000

2006

2007

2008

2009

2010

Property, plant and equipment

Biological Assets
Leasehold land use rights
Investment properties
Other investments
Deferred tax assets

728,201
184,723
3,247
11
0
0

364,946
196,499
385,073
17
26,898
0

388,414
241,345
380,866
48
28,253
0

494,718
321,821
382,835
48
10,603
0

874,153
355,266
30,794
50
9,550
0

Total non current assets

916,182

973,433

1,038,926

1,210,025

1,269,813

Inventories
Trade receivables
Other receivables, deposits and prepayments
Tax recoverable
Cash and cash equivalents

84,011
45,843
13,668
482
162,794

118,034
46,296
52,729
546
171,465

139,465
60,433
33,487
487
372,285

135,168
22,719
34,238
475
428,224

140,220
39,451
51,568
361
504,747

Total current assets

306,798

389,070

606,157

620,824

736,347

1,222,980

1,362,503

1,645,083

1,830,849

2,006,160

208,134
863,967
304

208,134
988,347
672

208,134
1,224,853
619

208,134
1,430,011
125

208,134
1,563,935
505

1,072,405

1,197,153

1,433,606

1,638,270

1,772,574

Retirement benefits obligations

Deferred tax liabilities

3,323
64,626

2,958
60,714

7,129
59,094

6,704
62,286

7,433
68,535

Total non current liabilities

67,949

63,672

66,223

68,990

75,968

Trade payables
Other payables and accruals
Current tax liabilities
Retirement benefits obligations
Dividens payable
Bank borrowing

13,694
32,934
12,810
381
22,791
16

19,071
32,753
18,183
635
30,804
232

19,193
56,278
37,120
1,424
31,220
19

12,006
45,973
33,089
1,178
31,220
123

22,679
52,510
23,901
2,406
54,635
1,487

Total current liabilities

82,626

101,678

145,254

123,589

157,618

Total liabilities

150,575

165,350

211,477

192,579

233,586

1,222,980

1,362,503

1,645,083

1,830,849

2,006,160

Statement
ASSETS

Non Current Assets

Current Assets

TOTAL ASSETS
EQUITY AND LIABILITIES
Shareholders' Equity

Equity attributable to equity holders of the

Company
Share capital
Reserves
Minority Interest

Total equity
Non Current Liabilities

Current Liabilities

TOTAL EQUITY AND LIABILITIES

United Plantations Berhad

Income statement
2006

2007

2008

2009

2010

RM'000

RM'000

RM'000

RM'000

RM'000

597,463

674,193

1,030,925

816,674

969,163

GROSS PROFIT

597,463

674,193

1,030,925

816,674

969,163

OTHER INCOME

13,377

41,956

34,576

37,662

41,089

(411,271)

(483,164)

(667,683)

(481,539)

(660,792)

REVENUE
COST OF SALES

ADMINISTRATIVE EXPENSES
SELLING AND DISTRIBUTION EXPENSES
OTHER OPERATING EXPENSES
PROFIT BEFORE TAX

199,569

232,985

397,818

372,797

349,460

INCOME TAX EXPENSE

(49,561)

(53,597)

(98,259)

(91,913)

(84,753)

NET PROFIT FOR THE YEAR

150,008

179,388

299,559

280,884

264,707

EARNINGS PER SHARE (Sen)

72.00

86.00

144.00

135.00

127.00

Total Asset

1,222,980

1,362,503

1,645,083

1,830,849

2,006,160

199,569

232,985

397,818

372,797

349,460

EBIT
BEP =

EBIT/Total Asset

16.32%

17.10%

24.18%

20.36%

17.42%

United Plantations Berhad

Table 1: Liquidity
Liquidity Ratio
Quick Ratio
Current Ratio
Acid Test Ratio
Average Collection Period

Liquidity Ratio
Quick Ratio:
Total Assets
Total Liabilities

Current Ratio:
Total Current Asset
Total Current Liabilities

Acid Test Ratio (Notes):

Total Current Asset
Inventory
Total Current Liabilities

Average Collection Period:

Accounts Receivable
Credits Sales
Day per Year
Daily Credits Sales

Formula
Total Assets / Total Liabilities
Total Current Assets / Total Current Liabilities
(Total Current Assets - Inventory) / Total Current Liabilit
Accounts Receivable / Daily Credits Sales

2006

2007

1,222,980
150,575
8.12

1,362,503
165,350
8.24

306,798
82,626
3.71

389,070
101,678
3.83

306,798
84,011
82,626
2.70

389,070
118,034
101,678
2.67

13,668
597,463
365
1,637
8.35

52,729
674,193
366
1,842
28.63

Total Current Liabilities

Inventory) / Total Current Liabilities
Daily Credits Sales

2008

2009

2010

1,645,083
211,477
7.78

1,830,849
192,579
9.51

2,006,160
233,586
8.59

606,157
145,254
4.17

620,824
123,589
5.02

736,347
157,618
4.67

606,157
139,465
145,254
3.21

620,824
135,168
123,589
3.93

736,347
140,220
157,618
3.78

33,487
1,030,925
365
2,824
11.86

34,238
816,674
365
2,237
15.30

51,568
969,163
365
2,655
19.42

United Plantations Berhad

Table 2: Operating Efficiency Ratio
Operating Income Return On Investment
Operating Profits Margin
Net Profit Margin
Total Assets Turnover
Fixed Assets Turnover
Cash Turnover
Accounts Receivable Turnover
Inventory Turnover

Operating Income Return On Investment:

Operating Income
Total Assets

Operating Profits Margin:

Operating Income
Credits Sales

Net Profit Margin:

Net Income
Credits Sales

Total Assets Turnover:

Credits Sales
Total Assets

Fixed Assets Turnover:

Credits Sales
Property, plant and equipment
Leasehold land use rights
Investment properties

Cash Turnover:
Credits Sales
Total Cash and Cash Equivalent

Operating Income / Total Assets

Operating Income / Sales
Net Profit / Sales
Credits Sales / Total Assets
Credits Sales / Total Fixed Assets
Credits Sales / Total Cash and Cash Equivalent
Credits Sales / Accounts Receivable
Cost of Goods Sold / Inventory

2006

2007

199,569
1,222,980
16.32%

232,985
1,362,503
17.10%

199,569
597,463
33.40%

232,985
674,193
34.56%

150,008
597,463
25.11%

179,388
674,193
26.61%

597,463
1,222,980
0.49

674,193
1,362,503
0.49

597,463
728,201
3,247
11
0.82

674,193
364,946
385,073
17
0.90

597,463
162,794
3.67

674,193
171,465
3.93

Accounts Receivable Turnover:

Credits Sales
Accounts Receivable

Inventory Turnover:
Cost of Sales
Inventory

597,463
13,668
43.71

674,193
52,729
12.79

0
84,011
0.00

0
118,034
0.00

ash and Cash Equivalent

ts Receivable

2008

2009

2010

397,818
1,645,083
24.18%

372,797
1,830,849
20.36%

349,460
2,006,160
17.42%

397,818
1,030,925
38.59%

372,797
816,674
45.65%

349,460
969,163
36.06%

299,559
1,030,925
29.06%

280,884
816,674
34.39%

264,707
969,163
27.31%

1,030,925
1,645,083
0.63

816,674
1,830,849
0.45

969,163
2,006,160
0.48

1,030,925
388,414
380,866
48
1.34

816,674
494,718
382,835
48
0.93

969,163
874,153
30,794
50
1.07

1,030,925
372,285
2.77

816,674
428,224
1.91

969,163
504,747
1.92

1,030,925
33,487
30.79

816,674
34,238
23.85

969,163
51,568
18.79

0
139,465
0.00

0
135,168
0.00

0
140,220
0.00

United Plantations Berhad

Table 3: Leverage Work
Debt Ratio
Debt to Common Equity
Times Interest Earned

Debt Ratio:
Total Liabilities
Total Assets

Debt to Common Equity:

Total Liabilities
Shareholders' Equity

Times Interest Earned:

Operating Income
Interest Expense (Interest Income?)

Total Liabilities / Total Assets

Total Liabilities / Total Common's Equity
Operating Income / Interest Expense

2006

2007

150,575
1,222,980
12.31%

165,350
1,362,503
12.14%

150,575
1,072,405
14.04%

165,350
1,197,153
13.81%

199,569

232,985

#DIV/0!

#DIV/0!

Common's Equity
terest Expense

2008

2009

2010

211,477
1,645,083
12.86%

192,579
1,830,849
10.52%

233,586
2,006,160
11.64%

211,477
1,433,606
14.75%

192,579
1,638,270
11.76%

233,586
1,772,574
13.18%

397,818

372,797

349,460

#DIV/0!

#DIV/0!

#DIV/0!

United Plantations Berhad

Table 4: Return on Equity
Return on Assets
Return on Common Equity
Return on Sales
Leverage

Return on Assets:
Net Income
Total Assets

Return on Common Equity:

Net Income
Shareholders' Equity

Return on Sales:
Net Income
Revenue

Leverage:
Total Assets
Shareholders' Equity

Net Income / Total Assets

Net Income / Common Equity
Net Income / Revenue
Total Assets / Total Equity

2006

2007

150,008
1,222,980
12.27%

179,388
1,362,503
13.17%

150,008
1,072,405
13.99%

179,388
1,197,153
14.98%

150,008
597,463
25.11%

179,388
674,193
26.61%

1,222,980
1,072,405
1.14

1,362,503
1,197,153
1.14

2008

2009

2010

299,559
1,645,083
18.21%

280,884
1,830,849
15.34%

264,707
2,006,160
13.19%

299,559
1,433,606
20.90%

280,884
1,638,270
17.15%

264,707
1,772,574
14.93%

299,559
1,030,925
29.06%

280,884
816,674
34.39%

264,707
969,163
27.31%

1,645,083
1,433,606
1.15

1,830,849
1,638,270
1.12

2,006,160
1,772,574
1.13