(Incorporated In Malaysia)

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Oct 30, 2013 (3 years and 10 months ago)

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LEONG HUP HOLDINGS BERHAD
(51316
-
D)

(Incorporated In Malaysia)


1

NOTES


1.

There has been no changes in the accounting policies and methods of computation employed in the
preparation of this quarterly financial statement as compared with the most recent annual financial
statements.


2.

The exceptional items reflected in this q
uarter was in relation to the amortisation of unrealised foreign
exchange loss pertaining to long
-
term loans of a foreign subsidiary company.


3.

There were no extraordinary items in the quarterly financial statement under review.


4.

The tax figures

do not contain any deferred tax and under or over
-
provision in respect of prior years.


5.

There were no pre
-
acquisition profits or losses for the current financial year to date.


6.

There were no profits or losses on any sale of investments and/or
properties for the current financial year to
date.


7.


a)

Total purchases or disposals of quoted securities for the current financial year to date :
-



Total Purchase
Cost

RM’000

Total aisposal
Cost

RM’000

pales Proceed


RM’000

ProfitLELoss)
On aisposals

RM’000

nuoted phares

1,469

1,MTR

1,M48

E2T)


b)

Investment in quoted shares as at end of the reporting period :
-




RM’000

Ei)

Total investments at cost

1,R49

Eii)

Total investments at carrying value L book value

㔴R

Eiii)

Total investments at market value

㔰R


8.

There were no changes in the composition of the company for the current financial year to date including
business combination, acquisition or disposal of subsidiaries and long term investments, restructur
ing and
discontinuing operations.



9.

There were no corporate proposals announced at the latest practical date which shall not be earlier than 7
days from the date of issue of the quarterly report.


10.
The Group’
s business operations are not significantly affected by any seasonal and cyclical factors.


11.
There were no issuance and repayment of debt and equity securities, share buy
-
backs, share cancellations,
shares held as treasury shares and resale of treasu
ry shares for the current financial year to date.


LEONG HUP HOLDINGS BERHAD
(51316
-
D)

(Incorporated In Malaysia)


2

12.
Details of Group borrowings and debt securities as at the end of the reporting period :
-



Secured

Unsecured


RM’000

RM’000

phort term borrowings



Denominated in Ringgit Malaysia



Denominated in Singapore Dollar (SGD2,839,000)



Denominated in US Dollar (USD2,500,000)



Denominated in Rupiah (IDR457,976,000)


99,677

6,179

9,604

-


62,665

133

-

210

Long term borrowings



Denominated in Ringgit Malaysia



Denominated in Singapore Dollar (SGD2,895,000)



Denominated in US Dollar (USD15,631,000)



Denominated in Rupiah


91,494

6,436

60,047

-


5,405

-

-

-

Total

273,437

68,413


Note : The foreign currency borrowings were converted into Ringgit Malaysia at the exchange rate
prevailing as at 30 September 1999.


13.
There were no material contingent liabilities except the credit facilities of RM365.7 million guaranteed by the
com
pany at the end of the reporting period.


14.
There were no financial instruments with off balance sheet risk as at the reporting date.


15.
There were no pending material litigation taken against or by the group at the date of this quarterly report.


16.
Segmental turnover, profit before taxation and total assets employed for the current financial year to date
were as follows :
-


Segmental Analysis

-

By activities


Turnover

Profit/(loss)
before
taxation

Assets
employed


RM’000

RM’000

RM’000

i)

Manufacturing & trading of food
products.

ii)

Poultry farming & breeding,
processing & marketing of chickens &
related products.

iii)

Plantation owner, housing
development, oil palm cultivation &
property development.


15,061



269,045



877


777



14,614



542


32,525



524,205



161,496

Total

284,983

15,933

718,226


17.
No explanatory comments on the material change in the profit before taxation for the quarter as no results for
the preceding quarter available for comparison purposes.


LEONG HUP HOLDINGS BERHAD
(51316
-
D)

(Incorporated In Malaysia)


3

18.
Review of the performance of the company and its principal subsidiaries


The Group achieved a profit before taxation of RM15.9 million for the 6 months period ended 30 September
1999, representing a significant improvement of 214.4% as compared with the

loss before taxation of RM13.9
million for the preceding year corresponding period ended 30 September 1998. It was in line with an
improvement of 27.7% in turnover from RM223.1 million in that previous corresponding period to RM285.0
million for the 6 mon
ths period under review.


The positive financial results achieved by our Indonesian operations for the 6 months period ended 30
September 1999 also partly contributed to the favorable performance of the Group. Whereas, the Group
recorded a turnover of RM14
2.2 million and profit before taxation of RM4.6 million for the second quarter
ended 30 September 1999.


The positive performance of the Group was associated with the improvement in the selling price of broiler
chicken, day
-
old chicks & eggs, a decrease in

feed price as a result of the decrease in raw material price
worldwide and lower interest rate in the country.


19.
Current year prospects


Based on the lower interest rate, currency exchange rate stability in the country and improving in the selling
price of broiler chicken, day
-
old chicken & eggs and barring unforeseen circumstances, the Group expects
the result of the third quarter ended 31 December 1999 will be sustained.


20.
There is no profit forecast for the period.


21.
The Board does not recommend the payment of interim dividend for the quarter ended 30 September 1999.


22.
Year 2000 Compliance


Majority of the conversion cost is for upgrading of IBM Mini Computer Operating System and Informix
Database Management soft
ware. All business application programs used by respective subsidiaries are
in
-
house developed and is Year 2000 Compliant. All the necessary Year 2000 Compliant computer
components had been completely installed by 31 July 1999. These systems are currently
being tested and
expected to be Year 2000 Ready before next Millennium.



By Order of the Board





Dato’ Lau Eng Guang

DSDK

Executive Director