LATITUDE TREE HOLDINGS BERHAD (302829-W)

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED)

FOR THE PERIOD ENDED 31 MARCH 2015
Individual quarter ended
Preceding year
Current year
corresponding
quarter
quarter
31.03.2015
31.03.2014
RM'000
RM'000
Revenue
Cost of sales
Gross profit
Other income
Selling and marketing expenses
Administrative expenses
Other expenses
Operating profit
Finance costs

Cumulative quarter ended

Preceding year
Current year
corresponding
quarter
quarter
31.03.2015
31.03.2014
RM'000
RM'000

165,630
(138,110)
27,520
16.62%
3,937
(3,745)
(4,818)
(832)

146,773
(122,973)
23,800
16.22%
2,631
(3,336)
(3,912)
(3,477)

530,451
(442,345)
88,106
16.61%
10,908
(12,034)
(12,155)
(3,470)

508,266
(418,701)
89,565
17.62%
3,992
(11,308)
(11,781)
(6,090)

22,062

15,706

71,355

64,378

(2,147)

(2,794)

(790)

(897)

Profit before taxation

21,272

14,809

69,208

61,584

Taxation

(1,591)

(1,236)

(5,230)

(5,882)

Profit for the period

19,681
11.88%

13,573
9.25%

63,978
12.06%

55,702
10.96%

19,512
169
19,681

12,752
821
13,573

63,558
420
63,978

46,327
9,375
55,702

Earnings per share (sen) :

(a) Basic

20.07

13.12

65.38

47.66

(b) Diluted

20.07

13.12

65.38

47.66

97,207.5

97,207.5

97,207.5

97,207.5

19,681

13,573

63,978

55,702

12,358
32,039

(7,362)
6,211

28,084
92,062

(1,264)
54,438

31,775
264
32,039

5,370
841
6,211

91,580
482
92,062

43,410
11,028
54,438

Attributable to :
Owners of the parent
Non-controlling interests
Profit for the period

Number of ordinary shares ('000)

Profit for the period

Other comprehensive income
Foreign currency translation
Total comprehensive income for the period

Total comprehensive income attributable to :

Owners of the parent
Non-controlling interest
Total comprehensive income for the period

The unaudited Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the accompanying
explanatory notes attached to these interim financial statements.

LATITUDE TREE HOLDINGS BERHAD (302829-W)

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (UNAUDITED)

AS AT 31 MARCH 2015

Unaudited
31.03.2015
RM'000

Audited
30.6.2014
RM'000

ASSETS
Non-current assets
Property, plant and equipment
Land use rights
Other investments
Deferred tax assets

Current assets
Inventories
Trade and other receivables
Tax recoverable
Term deposits
Cash and bank balances
Investment securities
Derivatives

TOTAL ASSETS

231,280
16,528
81
1,032
248,921

199,200
14,530
81
956
214,767

109,730
63,276
961
80,069
66,399
6,289
326,724

93,471
36,687
881
72,749
56,389
153
229
260,559

575,645

475,326

LATITUDE TREE HOLDINGS BERHAD (302829-W)

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2015 (CONT'D)

Unaudited
31.03.2015
RM'000

Audited
30.6.2014
RM'000

EQUITY AND LIABILITIES

Equity attributable to equity holders of the Company
Share capital
Share premium
Retained earnings
Foreign currency translation reserve
Non-controlling interest
Total equity

Non-current liabilities
Bank borrowings
Provision for severance allowance
Retirement benefit obligation

Current liabilities
Trade and other payables
Bank borrowings
Tax payable
Derivatives
Total liabilities
TOTAL EQUITY AND LIABILITIES
Net assets per share attributable to
equity holders of the Company (RM)

97,208
1,225
255,266
36,416
390,115
1,207
391,322

97,208
1,225
199,971
8,394
306,798
725
307,523

17,085
26
76
17,187

7,863
227
66
8,156

74,954
90,404
1,635
143
167,136
184,323

79,122
78,854
1,671
159,647
167,803

575,645

475,326

4.01

3.16

The unaudited Condensed Consolidated Statement of Financial Position should be read in conjunction
with the accompanying explanatory notes attached to these interim financial statements.

LATITUDE TREE HOLDINGS BERHAD

(302829-W)

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED)

FOR THE PERIOD ENDED 31 MARCH 2015
Attributable to Equity Holders of the Company
Non-distributable
Foreign
currency Distributable
translation
Retained
reserve
earnings
RM'000
RM'000

Noncontrolling
Total
interest
RM'000
RM'000

Share
capital
RM'000

Share
premium
RM'000

Total
equity
RM'000

At 1 July 2013
Total comprehensive income for the period
Effects from group restructuring
Dividends paid
At 31 March 2014

97,208
97,208

1,225
1,225

5,293
(2,917)
2,376

128,335
46,327
27,473
(6,124)
196,011

232,061
43,410
27,473
(6,124)
296,820

44,297
11,028
(55,945)
(620)

276,358
54,438
(28,472)
(6,124)
296,200

At 1 July 2014
Total comprehensive income for the period
Dividends paid
At 31 March 2015

97,208

1,225

97,208

1,225

8,394
28,022
36,416

199,971
63,558
(8,263)
255,266

306,798
91,580
(8,263)
390,115

725
482
1,207

307,523
92,062
(8,263)
391,322

The unaudited Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the accompanying explanatory
notes attached to these interim financial statements.

LATITUDE TREE HOLDINGS BERHAD (302829-W)

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED)

FOR THE PERIOD ENDED 31 MARCH 2015
31.03.2015
LATITUDE TEE HOLDINGS BERHAD
RM'000

31.03.2014
RM'000

CASH FLOWS FROM OPERATING ACTIVITIES

Profit before taxation
Adjustments for:
Depreciation and amortisation
Property, plant and equipment written off
Loss/(gain) on derivatives
Unrealised foreign exchange (gain)/loss
Loss/(gain) on disposal of property, plant and equipment
Non cash items
Net financing costs

69,208

61,584

13,973
4
372
(8,198)
76
4
1,477

13,088
47
(278)
574
(146)
(266)
2,109

Operating profit before working capital changes

76,916

76,712

(42,848)
(4,168)
(5,598)
(1,477)
22,825

(15,678)
4,144
(7,555)
(2,109)
55,514

(28,671)
18
(6,136)
(34,789)

(7,851)
201
(33,974)
(26)
(41,650)

12,219
(8,263)
(340)
3,616

183
(6,124)
169
(5,772)

7,359

3,439

Changes in working capital

Net change in current assets
Net change in current liabilities
Net income taxes paid
Net financing costs paid
Net cash generated from operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment
Proceeds from disposal of property, plant and equipment
Net cash outflow on group restructuring
Purchase of investment securities
Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
Net drawdown of borrowings
Dividends paid
Deposits (placed)/uplifted as security for bank borrowings
Net cash generated from/(used in) financing activities
Exchange difference in translation of financial statements of
foreign subsidiaries
NET CHANGE IN CASH AND CASH EQUIVALENTS
CASH & CASH EQUIVALENTS AT BEGINNING OF PERIOD
EFFECT OF FOREIGN EXCHANGE RATE CHANGES ON CASH
AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS AT END OF PERIOD
Cash and cash equivalents included in the Consolidated
Statement of Cash Flows comprise the following
balance sheet amounts :
Cash and bank balances
Term deposits
Bank overdrafts
Less: Term deposits not available for use

(989)

11,531

123,096

96,091

19,971

1,390

142,078

109,012

66,399
80,069
(75)
146,393
(4,315)
142,078

56,435
58,507
(1,928)
113,014
(4,002)
109,012

The unaudited Condensed Consolidated Statement of Cash Flows should be read in conjunction with
the accompanying explanatory notes attached to these interim financial statements.