2016 2015 2014

in millions in millions in millions

RM RM RM

BALANCE SHEET

Assets
Cash 7,990 4,884 7,448
Accounts Receivable 12,411 12,252 13,459
Inventories 8,401 8,153 9,172
Other Current Assets 3,240 4,145 3,882
Fixed Assets 99,859 94,558 99,489
Total Assets 131,901 123,992 133,450

Liabilities
Current Liabilities 37,517 40,501 60,108
Long-term liabilities 28,403 26,685 28,671
Total Liabilities 65,920 67,186 88,779

Equity
Capital 311 319 322
Retained earnings 56,806 44,671 34,060
Net Income 8,864 11,816 10,289

Total Equity 65,981 56,806 44,671

Total Liabilities and Equity 131,901 123,992 133,450

INCOME STATEMENT
Net Sales 89,469 88,785 91,612
Cost of goods sold 75,479 72,564 77,049
Gross Profit 13,990 16,221 14,563
Operating expenses 713 1,100 907
Operating Income 13,277 15,121 13,656
Interest expenses 758 725 772
Income taxes 4,413 3,305 3,367
Net Income 8,864 11,816 10,289
Liquidity Ratios Liquidity Ratios

Working Capital: -34,277.00 Working Capital: -11,067.00

Quick Ratio: 0.54 Quick Ratio: 0.42

Acid Test Ratio: 0.21 Acid Test Ratio: 0.12

Cash Ratio: 0.21 Cash Ratio: 0.12

Current Ratio: 0.09 Current Ratio: 0.73

Profitability Ratios Profitability Ratios

Gross Profit Margin: 18.27
Gross Profit Margin: 15.64 % %

Operating Margin: 14.84 % Operating Margin: 17.03 %

Net Profit Margin: 9.91 % Net Profit Margin: 13.31 %

Return on Assets: 6.72 % Return on Assets: 9.53 %

Return on Working
Return on Working Capital: -25.86 % Capital: -106.77 %

Return on Equity: 13.43 % Return on Equity: 20.80 %

Return on Invested Capital: 2,850.16 Return on Invested

% Capital: 3,704.08 %

Return on Investment
Return on Investment Ratio: 9.39 % Ratio: 14.15 %
Leverage Ratios Leverage Ratios

Debt to Assets (Debt

Debt to Assets (Debt Ratio): 0.50 Ratio): 0.54

Debt to Equity (Financial Leverage Debt to Equity (Financial

Ratio): 1.00 Leverage Ratio): 1.18
Capitalization Ratio: 0.30 Capitalization Ratio: 0.32

Interest coverage ratio

Interest coverage ratio (Times interest (Times interest
earned): 12.69 earned): 17.30

Long-term debt to Working Capital: - Long-term debt to Working

0.83 Capital: -2.41
Efficiency Ratios Efficiency Ratios

Sales per
Sales per Employee: Inf,ini.ty Employee: Inf,ini.ty

Cash Turnover Ratio: 11.20 Cash Turnover Ratio: 18.18

Sales to Working Capital: -

Sales to Working Capital: -2.61 8.02

Sales to Fixed Assets: 0.90 Sales to Fixed Assets: 0.94

Sales to Total Assets: 0.68 Sales to Total Assets: 0.72

Other Ratios Other Ratios

Current Liabilities to Total Current Liabilities to Total

Liabilities: 0.57 Liabilities: 0.60

Current Liabilities to Current Current Liabilities to Current

Assets: 11.58 Assets: 1.38

Long-term Debt to Current Long-term Debt to Current

Liabilities: 0.76 Liabilities: 0.66

Debt to Income Ratio: 7.44 Debt to Income Ratio: 5.69

Cash to Current
Cash to Current Liabilities: 0.21 Liabilities: 0.12
Liquidity Ratios

Working Capital: -
26,147.00

Quick Ratio: 0.35

Acid Test Ratio: 0.12

Cash Ratio: 0.12

Current Ratio: 0.56

Profitability Ratios
Gross Profit Margin: 15.90
%

Operating Margin: 14.91 %

Net Profit Margin: 11.23 %

Return on Assets: 7.71 %

Return on Working
Capital: -39.35 %

Return on Equity: 23.03 %

Return on Invested
Capital: 3,195.34 %

Return on Investment
Ratio: 14.03 %
Leverage Ratios

Debt to Assets (Debt

Ratio): 0.67

Debt to Equity (Financial

Leverage Ratio): 1.99
Capitalization Ratio: 0.39

Interest coverage ratio

(Times interest
earned): 14.33

Long-term debt to Working

Capital: -1.10
Efficiency Ratios

Sales per
Employee: Inf,ini.ty

Cash Turnover Ratio: 12.30

Sales to Working Capital: -

3.50

Sales to Fixed Assets: 0.92

Sales to Total Assets: 0.69

Other Ratios

Current Liabilities to Total

Liabilities: 0.68

Current Liabilities to
Current Assets: 1.77

Long-term Debt to Current

Liabilities: 0.48

Debt to Income Ratio: 8.63

Cash to Current
Liabilities: 0.12
 2016 2015 2014
in millions in millions in millions
RM RM RM

BALANCE SHEET
Assets
Cash 25,318 23,613 16,391
Accounts Receivable 2,345 3,752 4,084
Inventories 583 481 420
Other Current Assets 4,000 4,570 6,417
Fixed Assets 60,300 57,017 55,605

Total Assets 92,546 89,433 82,917

Liabilities
Current Liabilities 7,968 6,971 7,445
Long-term liabilities 18,825 21,615 17,596
Total Liabilities 26,793 28,586 25,041

Equity
Capital 375 374 374
Retained earnings 60,847 57,876 54,356
Net Income 4,531 2,597 3,146
Total Equity 65,753 60,847 57,876

Total Liabilities and

Equity 92,546 89,433 82,917

INCOME STATEMENT

Net Sales 21,368 20,477 19,588

Cost of goods sold 12,463 12,999 11,906

Gross Profit 8,905 7,478 7,682

Operating expenses 3,382 4,033 3,427

Operating Income 5,522 3,445 4,255
Income taxes 991 848 1,109

Net Income 4,531 2,597 3,146

Liquidity Ratios Liquidity Ratios

Working
Working Capital: 24,278.00 Capital: 25,445.00

Quick Ratio: 3.47 Quick Ratio: 3.93

Acid Test Ratio: 3.18 Acid Test Ratio: 3.39

Cash Ratio: 3.18 Cash Ratio: 3.39

Current Ratio: 4.05 Current Ratio: 4.65

Profitability Ratios Profitability Ratios

Gross Profit
Gross Profit Margin: 41.67 % Margin: 36.52 %

Operating Margin: 16.82

Operating Margin: 25.84 % %

Net Profit Margin: 12.68

Net Profit Margin: 21.20 % %

Return on Assets: 2.90

Return on Assets: 4.90 % %
Return on Working Capital: 18.66 Return on Working
% Capital: 10.21 %

Return on Equity: 4.27

Return on Equity: 6.89 % %

Return on Invested Return on Invested

Capital: 1,208.27 % Capital: 694.39 %

Return on Investment Ratio: 5.36 Return on Investment

% Ratio: 3.15 %

Leverage Ratios Leverage Ratios

Debt to Assets (Debt

Debt to Assets (Debt Ratio): 0.29 Ratio): 0.32

Debt to Equity (Financial Leverage Debt to Equity (Financial

Ratio): 0.41 Leverage Ratio): 0.47

Capitalization
Capitalization Ratio: 0.22 Ratio: 0.26
 Interest coverage ratio
Interest coverage ratio (Times (Times interest
interest earned): Inf,ini.ty earned): Inf,ini.ty

Long-term debt to Working Long-term debt to

Capital: 0.78 Working Capital: 0.85

Efficiency Ratios Efficiency Ratios

Sales per
Sales per Employee: Inf,ini.ty Employee: Inf,ini.ty

Cash Turnover
Cash Turnover Ratio: 0.84 Ratio: 0.87

Sales to Working
Sales to Working Capital: 0.88 Capital: 0.80

Sales to Fixed
Sales to Fixed Assets: 0.35 Assets: 0.36

Sales to Total
Sales to Total Assets: 0.23 Assets: 0.23
Other Ratios Other Ratios

Current Liabilities to Total Current Liabilities to

Liabilities: 0.30 Total Liabilities: 0.24

Current Liabilities to Current Current Liabilities to

Assets: 0.25 Current Assets: 0.22

Long-term Debt to Current Long-term Debt to

Liabilities: 2.36 Current Liabilities: 3.10

Debt to Income
Debt to Income Ratio: 5.91 Ratio: 11.01

Cash to Current
Cash to Current Liabilities: 3.18 Liabilities: 3.39
Liquidity Ratios

Working Capital: 19,867.00

Quick Ratio: 2.75

Acid Test Ratio: 2.20

Cash Ratio: 2.20

Current Ratio: 3.67

Profitability Ratios

Gross Profit Margin: 39.22 %

Operating Margin: 21.72 %

Net Profit Margin: 16.06 %

Return on Assets: 3.79 %

Return on Working
Capital: 15.84 %

Return on Equity: 5.44 %

Return on Invested
Capital: 841.18 %

Return on Investment
Ratio: 4.17 %

Leverage Ratios

Debt to Assets (Debt

Ratio): 0.30

Debt to Equity (Financial

Leverage Ratio): 0.43

Capitalization Ratio: 0.23

Interest coverage ratio
(Times interest
earned): Inf,ini.ty

Long-term debt to Working

Capital: 0.89

Efficiency Ratios

Sales per Employee: Inf,ini.ty

Cash Turnover Ratio: 1.20

Sales to Working
Capital: 0.99

Sales to Fixed Assets: 0.35

Sales to Total Assets: 0.24

Other Ratios

Current Liabilities to Total

Liabilities: 0.30

Current Liabilities to Current

Assets: 0.27

Long-term Debt to Current

Liabilities: 2.36

Debt to Income Ratio: 7.96

Cash to Current
Liabilities: 2.20