Page 198 - S P Setia Annual Report 2016

 

 

 

 

 

Page 198 - S P Setia Annual Report 2016
P. 198

196   S P Setia Berhad Group
                Annual Report 2016




          Notes To The Financial Statements

          For The Financial Year Ended 31 December 2016

          42.   CAPITAL MANAGEMENT (CONT’D.)

                                                                        Group                      Company
                                                                      2016          2015          2016          2015
                                                                   RM’000         RM’000        RM’000        RM’000
               Debt:
                 Long term borrowings                             3,798,538     3,414,000     1,247,767       469,705
                 Redeemable cumulative preference shares            53,513         53,770            -             -
                 Short term borrowings                            1,973,771     1,782,898       736,072       646,271
               Total debt                                         5,825,822     5,250,668     1,983,839      1,115,976

               Short-term deposits, cash and bank balances:
                 Short-term deposits                              2,704,840     2,019,912     1,582,554       613,316
                 Cash and bank balances                           1,465,287      1,732,218       15,512        32,760
                                                                  4,170,127     3,752,130     1,598,066       646,076

               Net debt                                          (1,655,695)    (1,498,538)    (385,773)     (469,900)
               Total Equity                                      10,243,081     8,392,439     7,446,559      5,667,456

               Gross gearing ratio                                    0.57          0.63           0.27          0.20

               Net gearing ratio                                      0.16          0.18          0.05           0.08



         43.   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 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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