Client : AMOOL MILK SDN BHD (A001)

YE / PE : 30 Sep 2016
Subject : Preliminary Analytical Review - Accounts fluctuation
Materiality level = RM39,800
Client's bal (TY) Audited bal (LY) ~ Change % of change
Balance Sheet Items
Fixed assets
Property, plant and equipment 85,954 * 80,319 5,635 7%
85,954 80,319 5,635 7%
Other non-current assets
Intangible assets 1,759 1,557 202 13%
1,759 1,557 202 13%
Current assets
Inventories 541,060 * 290,065 250,995 * 87%
Trade receivables 2,382,000 * 2,299,480 82,520 * 4%
Other receivables 4,583 4,524 59 1%
Cash and bank balances 168,750 * 189,391 (20,641) (11%)
3,096,393 2,783,460 312,933 11%
Current liabilities
Trade payables 139,489 * 179,089 (39,600) (22%)
Loans 27,007 27,696 (689) (2%)
Tax payables 15,020 15,702 (682) (4%)
181,516 222,487 (40,971) (18%)
Shareholders' equity
Share capital 64,000 * 64,000 - -
Accumulated profits/losses 2,578,849 * 1,483,654 1,095,195 * 74%
2,642,849 1,547,654 1,095,195 71%
Profit to be added to shareholders' 359,741 1,095,195

* signifies the amount is greater than or equal to upper/lower limited of material Page 1
AXP Solutions & Co
Client : AMOOL MILK SDN BHD (A001)
YE / PE : 30 Sep 2016
Subject : Preliminary Analytical Review - Accounts fluctuation
Materiality level = RM39,800
Client's bal (TY) Audited bal (LY) ~ Change % of change
Profit & Loss Items
Trading income
Revenue 1,260,861 * 2,012,164 (751,303) * (37%)
1,260,861 2,012,164 (751,303) (37%)
Cost of sales
Cost of sales 671,677 * 602,556 69,121 * 11%
671,677 602,556 69,121 11%
Non-trading income
Other income 7,193 765 6,428 840%
7,193 765 6,428 840%
Expenses
Administrative expenses 180,000 * 225,428 (45,428) * (20%)
Finance cost 3,550 33,316 (29,766) (89%)
Insurance 7,571 - 7,571 ~
Other operating expenses 6,933 8,024 (1,091) (14%)
Income tax expense 38,582 48,410 (9,828) (20%)
236,636 315,178 (78,542) (25%)
Profit for the year/period 359,741 1,095,195

Profit Margin and Ratios:

Gross profit/(loss) 589,184 1,409,608 (820,424) (58%)
Net profit/(loss) 359,741 1,095,195 (735,454) (67%)
Gross profit margin (%) 47 % 70 % (23) % (33%)
Net profit margin (%) 29 % 54 % (25) % (46%)
Current ratio 17.06 12.51 4.55 36%
Quick ratio 14.08 11.21 2.87 26%
Debtors' turnover (days) 690 days 417 days 273 days 65%
Gearing (borrowings/total assets) 0.01 0.01 0.00 -
Gearing (borrowings/net assets) 0 0 0 ~

* signifies the amount is greater than or equal to upper/lower limited of material Page 2
AXP Solutions & Co