|
|
Balance Sheet as at 31 March, 2008
|
CURRENT ASSETS |
Notes |
31 March
2008 |
31 Dec
2007 |
Cash and bank balances |
|
1,245,661 |
1,017,179 |
Short-term deposits |
|
4,994,619 |
3,895,004 |
Receivables |
|
989,789 |
947,414 |
Inventories |
|
49,270 |
62,777 |
Prepayments and other receivables |
|
125,614 |
174,962 |
TOTAL CURRENT ASSETS |
|
7,404,953 |
6,097,336 |
NON-CURRENT ASSETS |
|
|
|
Available-for-sale investments |
|
4,808,427 |
4,289,056 |
Investment in associate company |
|
2,178,646 |
2,262,312 |
Investment property |
|
1,320,617 |
1,320,073 |
Property and equipment |
|
12,063,604 |
12,112,142 |
TOTAL ASSETS |
|
27,776,247 |
26,080,919 |
CURRENT LIABILITIES |
|
|
|
Trade payables |
|
343,067 |
355,833 |
Dividends payable |
|
1,329,300 |
-- |
Accrued expenses |
|
1,217,093 |
1,066,880 |
Unclaimed dividends for prior years |
|
221,304 |
231,757 |
TOTAL CURRENT LIABILITIES |
|
3,110,764 |
1,654,470 |
NON-CURRENT LIABILITIES |
|
|
|
Provision for employees’ benefits |
|
190,388 |
172,274 |
| TOTAL LIABILITIES |
|
3,301,152 |
1,826,744 |
TOTAL NET ASSETS |
|
24,475,095 |
24,254,175 |
EQUITY |
|
|
|
Share capital |
|
7,200,000 |
7,200,000 |
| Treasury shares |
|
(704,756) |
(704,756) |
Reserves and retained earnings |
|
17,979,851 |
17,758,931 |
TOTAL EQUITY |
|
24,475,095 |
24,254,175 |
|
|
|
|
|
| |
|
31 March |
31 March |
|
Notes |
2008 |
2007 |
| HOTEL OPERATIONS |
|
|
|
Sales |
|
2,367,784 |
2,058,039 |
Operating costs |
|
(1,237,935) |
(1,138,077) |
|
PROFIT BEFORE DEPRECIATION |
|
1,129,849 |
919,962 |
Depreciation of hotel and conference center |
|
(280,598) |
(269,836) |
NET INCOME FROM HOTEL OPERATIONS |
|
849,251 |
650,126 |
INVESTMENT ACTIVITIES |
|
|
|
Dividend income |
|
134,542 |
128,592 |
| Gain on sale of investments |
|
11,360 |
|
| Share of profit of associate |
|
216,334 |
187,082 |
| Interest on short-term deposits |
|
39,916 |
27,429 |
| Property income |
|
59,950 |
56,984 |
| Property expenses |
|
(6,101) |
(3,656) |
| Depreciation of investment property |
|
(12,381) |
(14,379) |
| Foreign exchange translation adjustments |
|
(3,496) |
1,545 |
| Other income |
|
10,546 |
11,429 |
|
|
|
|
| NET INVESTMENT INCOME |
|
450,670 |
395,026 |
General and administrative expenses |
|
(126,343) |
(98,514) |
|
|
(126,343) |
(98,514) |
|
|
|
|
|
|
|
|
NET PROFIT FOR THE PERIOD |
|
1,173,578 |
946,638 |
| Earnings per 100 fils share |
|
17.7Â fils |
14.2 fils |
|
| |
|
|
|
