MINING COMPANY

NURUL AININA AZIRA BINTI HASNOL 2016259302

FAKHIRA FARHANAH BINTI RODZI 2016263188
SHASHA AMIRA BT MOHAMAD NAJEB 2016279358
NUR AMIRA BINTI SHAHARUDDIN 2016263222
LIONGOLD CORP LTD
 LIONGOLD CORP LTD
Corporate Profile

LionGold Corp Ltd (“LionGold” or the “Group”) is a Singapore-

listed gold producer with a wholly owned gold mine located in Ballarat,
Australia. In accordance with the Joint Ore Reserves Committee
Code 2012, LionGold’s estimated net attributable ounces as at 31
March 2016 stand at 110,600 ounces of gold resources, with an
annual production target of 40,000 ounces of gold. The Group’s
wholly owned subsidiary, Castlemaine Goldfields Pty Ltd
(“Castlemaine Goldfields”), produced approximately 41,000 ounces
of gold for the financial year ended 31 March 2016 (“FY2016”),
contributing to S$67 million in revenue.
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES
DEPRECIATION
EMPLOYEE BENEFITS
EMPLOYEE BENEFITS
KUCHAI DEVELOPMENT BHD
 KUCHAI DEVELOPMENT BHD
• About Kuchai Development Bhd

Incorporated on 28 December 1967 and listed on the Main Market of Bursa

Malaysia Securities Berhad, Kuchai Development is a public limited company,
incorporated and domiciled in Malaysia as a mining industry.

The principal activities of the company consist of investment holdings and rental
of property. Properties of the company include 8 acres of land in Mukim Ulu
Semenyih, District Ulu Langat, Selangor and a shop-house at Emerald Hill Road,
Singapore.

The Group's investment holdings consist of holdings in domestic and foreign

listed equity securities, investment funds and selected physical commodities.
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES
EMPLOYEE BENEFITS
Statement of Profit or Loss and
Other Comprehensive Income
KUCHAI DEVELOPMENT BHD
LIONGOLD CORP LTD
COMPARISON OF SOPLOCI
KUCHAI
LIONGOLD CORP
ASPECT DEVELOPMENT BHD
(RM)
(RM)

21,793,181.82 REVENUE 7,265,928

21,805,519.48 COST OF SALES 123,861

PROFIT BEFORE
(6,230,194.81) (22,521,175)
TAXATION
PROFIT AFTER
(9,148,376.62) (22,626,240)
TAXATION

RM1= S$3.08
Statement of Financial
Position
KUCHAI DEVELOPMENT BHD
LIONGOLD CORP LTD
 COMPARISON OF SOFP
KUCHAI
LIONGOLD CORP
ASPECT DEVELOPMENT BHD
(RM)
(RM)

24,831,493.51 TOTAL ASSETS 315,433,016

21,157,792.21 TOTAL LIABILITIES 1,170,487

3,673,701.30 T0TAL EQUITY 314,262,529

RM1= S$3.08
Statement of Cash Flow
KUCHAI DEVELOPMENT BHD
LIONGOLD CORP LTD
 COMPARISON OF CF
KUCHAI
LIONGOLD CORP
ASPECT DEVELOPMENT BHD
(RM)
(RM)
NET CASH GENERATED
1,223,051.95 FROM/(USED IN) (337,445)
OPERATING ACTIVITIES
NET CASH GENERATED
(1,41,558.44) FROM/(USED IN) 6,191,277
INVESTING ACTIVITIES
NET CASH GENERATED
(1,620,454.55) FROM/(USED IN) (1,061,852)
FINANCING ACTIVITIES
NET
INCREASE/(DECREASE) IN
(1,813,961.04) CASH AND CASH
4,801,980
EQUIVALENT

RM1= S$3.08
 COMPARISON
ASPECT KUCHAI LIONGOLD

Depreciation of PPE Straight line method Straight line methd base

based on estimates useful on useful ife
life
Impairment od non- Determined based on the Determined based on the
current assets higher of fair value less higher of fair value less
cost to sell and value in cost to sell and vaue in
use use
Employee's benefits Provide EPF and pension Provide EPF and pays
scheme fixed contribution
Recognised as an Recognised as an
expenses expenses
Employee's leave Only Annual leave and Annual leave, sick leave
entitlements sick leave are recognised and long service are
recognised
 Ratios
KUCHAI
LIONGOLD CORP
COMPARATIVE DEVELOPMENT BHD
(RM)
(RM)
= 13,798,701.30/ Liquidity ratio : =53,365,763 / 917,620
12,309,415.58 current ratio = current =58 times
=1.12 times asset/current liability

=(13,798,701.30 - Quick ratio = (current asset =(53,365,763 - 0 )

1,534,090.91) -inventory) /current / 917,620
/12,309,415.58 liability =58 times
=0.996 @ 1 times

=( 9,148,376.62) / Profitability ratio : =(22,626,240)/ 7,266,928

21,793,181.82 Net profit margin = =311.36%
=41.98% net profit/ sales x 100

=739,123,000/ Leverage ratio : =1,170,487/

2,411,296,000 Debt ratio = total 315,433,016
=30.65% liability/total asset x 100 =0.37%