201301028701 (1058531-W)

7-Eleven Malaysia Holdings Berhad STATEMENTS OF

COMPREHENSIVE INCOME
(Incorporated in Malaysia)

FOR THE FINANCIAL

Statements of comprehensive income YEAR ENDED 31 DECEMBER 2019
For the financial year ended 31 December 2019

Group Company
2019 2018 2019 2018
Note RM'000 RM'000 RM'000 RM'000

Revenue 4 2,361,058 2,217,049 10,047 61,099

Cost of sales (1,620,671) (1,518,432) - -
Gross profit 740,387 698,617 10,047 61,099
Other operating income 143,059 122,667 - -
Selling and distribution expenses (645,850) (642,803) - -
Administrative and other
operating expenses (117,333) (94,714) (1,288) (1,022)
Profit from operations 5 120,263 83,767 8,759 60,077
Finance costs 7 (43,610) (9,908) (3,642) (4,436)
Profit before tax 76,653 73,859 5,117 55,641
Income tax (expense)/credit 8 (22,569) (22,529) 10 (24)
Profit after tax 54,084 51,330 5,127 55,617

Other comprehensive income

not to be reclassified to profit
or loss in subsequent year:
Revaluation of land and buildings 9, 10 1,010 2,513 - -
Taxation 26 (193) (2,145) - -
Total other comprehensive
income (net of taxation) 817 368 - -

Total comprehensive income

for the financial year 54,901 51,698 5,127 55,617

Profit after tax attributable to:

Equity holders of the Company 54,058 51,307 5,127 55,617
Non-controlling interest 26 23 - -

54,084 51,330 5,127 55,617

Total comprehensive
income attributable to:
Equity holders of the Company 54,875 51,675 5,127 55,617
Non-controlling interest 26 23 - -

54,901 51,698 5,127 55,617

Basic/diluted earnings per
share (sen) 37 4.74 4.57

The accompanying accounting policies and explanatory notes form an integral part of the
financial statements.

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201301028701 (1058531-W)

STATEMENTS OF
7-Eleven Malaysia Holdings Berhad

FINANCIAL POSITION
(Incorporated in Malaysia)

AS AT 31 of
Statements DECEMBER 2019
financial position
As at 31 December 2019

Group
Note 2019 2018
RM'000 RM'000

Assets
Non-current assets
Property, plant and equipment 9 338,129 323,982
Right-of-use assets 10(a) 608,530 -
Investment property 11 - 400
Intangible assets 12 29,390 34,289
Other investment 14 28,000 1
Sundry receivables 15 14,533 33,695
1,018,582 392,367

Current assets
Inventories 16 231,330 224,682
Sundry receivables 15 75,900 59,770
Cash and bank balances 17 96,207 72,548
403,437 357,000
Total assets 1,422,019 749,367

Equity and liabilities

Equity attributable to equity
holders of the Company
Share capital 18 1,485,138 1,485,138
Treasury shares 19 (128,928) (161,941)
Capital reorganisation deficit 20 (1,343,248) (1,343,248)
Assets revaluation reserve 21 41,969 41,152
Retained profits 22 46,985 71,208
101,916 92,309
Non-controlling interest 195 169
Total equity 102,111 92,478

Non-current liabilities
Provisions 23 9,804 7,742
Borrowings 24 25,200 44,611
Lease liabilities 10(b) 530,520 -
Contract liabilities 28 4,549 1,520
Deferred tax liabilities 26 9,872 18,850
579,945 72,723

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90 7-Eleven Malaysia Holdings Berhad 201301028701 (1058531-W) • Annual Report 2019

201301028701 (1058531-W)

7-Eleven Malaysia Holdings Berhad STATEMENTS OF FINANCIAL POSITION

AS AT 31 DECEMBER 2019
(Incorporated in Malaysia)

Statements of financial position

As at 31 December 2019 (cont'd.)

Group
2019 2018
Note RM'000 RM'000

Current liabilities
Provisions 23 529 249
Borrowings 24 124,200 127,303
Lease liabilities 10(b) 76,592 -
Trade payables 27 403,259 345,735
Other payables 28 129,449 107,114
Contract liabilities 28 2,510 1,699
Taxation 3,424 2,066
739,963 584,166
Total liabilities 1,319,908 656,889
Total equity and liabilities 1,422,019 749,367

The accompanying accounting policies and explanatory notes form an integral part of the
financial statements.

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7-Eleven Malaysia Holdings Berhad 201301028701 (1058531-W) • Annual Report 2019 91

201301028701 (1058531-W) DRAFT
5/18/2020
7-Eleven Malaysia Holdings Berhad

STATEMENTS OF CASH FLOWS

(Incorporated in Malaysia)

FOR THE of
Statements FINANCIAL
cash flows YEAR ENDED 31 DECEMBER 2019
For the financial year ended 31 December 2019

Group Company
2019 2018 2019 2018
RM'000 RM'000 RM'000 RM'000

Cash flows from operating activities

Cash receipts from customers
and other receivables 2,528,621 2,290,403 17 30
Cash paid to suppliers and employees (2,186,318) (2,178,621) (1,300) (1,000)
Cash generated from/(used in)
operations 342,303 111,782 (1,283) (970)
Interest paid (7,629) (9,908) (3,642) (4,436)
Tax paid (25,955) (19,447) (22) (57)
Tax refund 1,198 - 1,161 -
Net cash generated from/(used in)
operating activities 309,917 82,427 (3,786) (5,463)

Cash flows from investing activities

Purchase of property, plant and
equipment (93,774) (35,452) - -
Proceeds from disposal of
property, plant and equipment 146 350 - -
Purchase of quoted shares (27,177) - - -
Acquisition of subsidiary companies
(Note 13) - (754) - (24,291)
Movement in intercompany balances - - (40,271) 1,416
Dividend income received 124 - 71,000 58,000
Interest received 861 1,008 47 99
Net cash (used in)/generated
from investing activities (119,820) (34,848) 30,776 35,224

Cash flows from financing activities

Dividends paid on ordinary shares (27,093) (29,980) (27,093) (29,980)
Proceeds from banker's acceptances 205,000 280,200 - -
Repayment of banker's acceptances (211,145) (301,000) - -
Proceeds from term loan - 18,000 - -
Proceeds from revolving credit 20,000 - - -
Repayment of term loans (16,071) (11,800) - -
Repayment of revolving credit (20,000) - - -
Payment of principal portion of lease
liabilities (117,032) - - -
Repayment of hire purchase and
finance lease liabilities (97) (85) - -
Net cash used in financing activities
activities (166,438) (44,665) (27,093) (29,980)

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96 7-Eleven Malaysia Holdings Berhad 201301028701 (1058531-W) • Annual Report 2019

201301028701 (1058531-W)

7-Eleven Malaysia Holdings Berhad

(Incorporated in Malaysia)
STATEMENTS OF CASH FLOWS
Statements of cash flows FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019
For the financial year ended 31 December 2019 (cont'd.)

Group Company
2019 2018 2019 2018
RM'000 RM'000 RM'000 RM'000

Net increase/(decrease) in cash

and cash equivalents 23,659 2,914 (103) (219)
Cash and cash equivalents at
1 January 72,548 69,634 1,284 1,503
Cash and cash equivalents at
31 December (Note 17) 96,207 72,548 1,181 1,284

Note:
During the year, the dividend income received amounting to RM71,000,000 was offset against
amount due to a subsidiary company. As the transaction did not involve actual cash transfer, the
effect is not separately presented in the statements of cash flows.

The accompanying accounting policies and explanatory notes form an integral part of the
financial statements.

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7-Eleven Malaysia Holdings Berhad 201301028701 (1058531-W) • Annual Report 2019 97