Page 176 - S P Setia Annual Report 2013
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174 | Financial Statements S P SETIA BERHAD GROUP Annual Report 2013





NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2013 (CONT’D)






47. caPital manaGement (cOnt’D)

Management reviews and manages the capital structure regularly and makes adjustments to address changes in the economic environment
and risk characteristics inherent in its business operations. These initiatives may include equity capital raising exercises and adjustments
to the amount of dividends distributed to shareholders. No changes were made in the objectives, policies and processes during the years
ended 31 October 2013 and 31 October 2012.
Group company
2013 2012 2013 2012
Rm’000 Rm’000 Rm’000 Rm’000


Debt:
Redeemable serial bonds - 249,584 - 249,584
Long term borrowings 3,915,084 2,361,745 700,000 -
Short term borrowings 553,554 1,166,404 240,000 850,000
Bank overdrafts 60,875 104,847 18,727 49,048
Total debt 4,529,513 3,882,580 958,727 1,148,632


Deposits, cash and bank balances:
Deposits 1,024,981 594,206 740,930 431,174
Cash and bank balances 1,218,237 949,357 4,191 31,306

2,243,218 1,543,563 745,121 462,480

net debt (2,286,295) (2,339,017) (213,606) (686,152)


equity attributable to owners of the company 5,525,543 4,043,874 4,297,344 2,913,199

Gross gearing ratio 0.82 0.96 0.22 0.39

net gearing ratio 0.41 0.58 0.05 0.24



48. SeGmental analYSiS

Primary reporting format - business segment

The operations of the Group are primarily organised in Malaysia into three main segments:

(i) Property development - Property development
(ii) Construction - Building and infrastructure construction
(iii) Others - Manufacturing, trading and investing

Transactions between segments were entered into in the normal course of business and were established on terms and conditions that
are not materially different from that obtainable in transactions with unrelated parties. The effects of such inter-segmental transactions are
eliminated on consolidation.
The operations of the Group are primarily carried out in Malaysia. Group income taxes are presented on a group basis and are not allocated
to operating segments.
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