CORE FACTS 002 Group Five-Year Financial Highlights 006 Corporate Information 007 Corporate Structure 008 Awards & Recognition 014 Directors’ Profile Icon Residence, Mont Kiara Journey of 1 Excellence
s a key player in the property development industry, quality remains at Athe forefront of everything that we do. WHAT’SINSIDE Our efforts to improve quality are always ongoing and we have outlined several key initiatives to enhance our quality in customer service, our developments and also in our MESSAGES people. Our focus on quality and excellence 024 Chairman’s Statement plus the accolades awarded to us is a 034 Group Managing Director’s Report testament to our continued journey of quality 040 Review of Operations in all aspects of our operations. 054 Media Highlights
As a premier lifestyle developer, we are always looking for new ways to raise the bar higher and to push the envelope further. Our ultimate aim is to ensure full customer satisfaction through the consistent delivery of high quality 2 projects and services. We are confident that with our proven strategies, a well-established brand name and the right portfolio of products, we will continue to distinguish ACTIVITIES ourselves in the property market. 058 Sustainability Report 094 Calendar of Events
Cover photo Icon Residence, Mont Kiara 3 GOVERNANCE 100 Corporate Governance Statement 110 Audit Committee Report 113 Statement on Risk Management and Internal Control
Aspen@Garden Residence 4MAH SING GROUP BERHAD WHATT’SINSIDE FINANCIALS 118 Directors’ Report 126 Independent Auditors’ Report 128 Statements of Profit or Loss 129 Statements of Profit or Loss and Other Comprehensive Income 130 Consolidated Statement of Financial Position 132 Company Statement of Financial Position ADDITIONAL 133 Consolidated Statement of INFORMATION Changes in Equity 238 Properties Owned by the Group 135 Company Statement of Changes 243 Statistics of Shareholdings in Equity 246 Statistics of Warrant B Holdings 137 Statements of Cash Flows 249 Statistics of Warrant C Holdings 5140 Notes to the Financial Statements 235 Supplementary Information 236 Statement by Directors NOTICES 237 Declaration by the Officer 252 Notice of Twenty-Fourth Annual primarily responsible for the General Meeting Financial Management of the 257 Statement Accompanying Notice Company of Annual General Meeting 258 Notice of Dividend Entitlement and Payment 259 Form of Proxy 6Go online to our website at: WWW.MAHSING.COM.MY MAH SING Group Berhad Annual Report Twenty Fifteen Journey of Excellence
GROUP FIVE-YEAR FINANCIAL HIGHLIGHTS FINANCIAL YEAR ENDED 31 DECEMBER
2011 2012 2013 2014 2015 RM’000 RM’000 RM’000 RM’000 RM’000
Revenue 1,570,696 1,775,260 2,005,596 2,904,723 3,108,506 Profit before tax 240,762# 317,503# 371,116# 471,631# 503,693 Profit after tax 170,238# 233,376# 279,010# 354,910# 384,634 Net profit attributable to equity holders 170,157# 232,225# 280,365# 356,496# 386,677
Total assets 2,852,219# 3,598,377# 4,587,094# 5,326,350# 6,615,678 Total borrowings 977,617 910,297 1,129,845 1,459,240 1,500,255 Equity attributable to ordinary equity holders 1,074,752# 1,248,106# 1,955,249# 2,288,833# 3,135,622 Total equity 1,090,090# 1,258,210# 1,966,236# 2,298,515# 3,684,095
Return on equity 16% 19% 14% 16% 12% Return on total assets 6% 6% 6% 7% 6% Net gearing ratio 0.29 0.25 0.16 0.36 0.04 Basic earnings per share (sen) 12.03* 16.36* 17.16* 18.35* 15.73 Fully diluted earnings per share (sen) 11.84* 16.19* 16.08* 17.60* 15.35 Net assets per share (RM) 1.29 1.49 1.38 1.55 1.30 Net dividend per share 16.5% 15.0% 16.0% 13.0% 13.0% Dividend payout ratio 40.6% 44.8% 42.1% 43.9% 40.5%@ Price earning ratio 8.2 6.2 8.9 8.6 9.2 Share price as at the financial year end (RM) 0.99^ 1.02^ 1.53^ 1.58^ 1.45
# The comparative figures have been restated due to the effect of early adoption of MFRS 15 in the financial year 2015. * The comparative figures for basic and diluted earnings per share have been restated to reflect the adjustments arising from the Rights and Bonus Issues completed during the financial year 2015. @ The dividend payout for 2015 is estimated based on number of shares as at 31 March 2016. ^ Share price is after adjustment on the effects of Rights and Bonus Issues completed during the financial year 2015.
Revenue Net Profit Attributable Equity Attributable (in RM’000) to Equity Holders to Ordinary Equity Holders (in RM’000) (in RM’000) 6 6 6 6