Annual report 2014
143
NOTES TO THE FINANCIAL STATEMENTS
31 December 2014 (continued)
35. FINANCIAL INSTRUMENTS (continued)
(a) Capital management
(continued)
Total capital managed at Group level, which comprises shareholders’ funds, cash and cash equivalents
and bank borrowings.
The gearing ratios are as follows:
Group
2014
2013
RM
RM
Total borrowings
40,465,796
974,224
Less: Cash and cash equivalents
(39,441,558) (13,997,422)
Net debt
1,024,238 (13,023,198)
Total equity
222,658,360 56,228,344
Gearing ratio
>0.01
N/A
Pursuant to the requirements of Practice Note No. 17/2005 of the Bursa Malaysia Securities, the Group
is required to maintain a consolidated shareholders’ equity equal to or not less than the twenty-five
percent (25%) of the issued and paid-up capital (excluding treasury shares) and such shareholders’
equity is not less than RM40 million. The Company has complied with this requirement for the financial
year ended 31 December 2014.
The Group is not subject to any other externally imposed capital requirements.
(b) Financial instruments
Loans and
receivables
Available-
for-sale
Total
Group
RM
RM
RM
31 December 2014
Financial assets
Available-for-sale investments
-
8,000,000 8,000,000
Trade and other receivables
38,932,707
-
38,932,707
Cash and bank balances
45,327,322
-
45,327,322
84,260,029 8,000,000 92,260,029
Other
financial
liabilities
RM
Financial liabilities
Borrowings
40,465,796
Trade and other payables
53,604,876
94,070,672
