1058531-W

STATEMENTS OF
7-Eleven Malaysia Holdings Berhad

COMPREHENSIVE INCOME
(Incorporated in Malaysia)

FOR THE of
Statements FINANCIAL YEAR
comprehensive ENDED 31 DECEMBER 2018
income
For the financial year ended 31 December 2018

Group Company
2018 2017 2018 2017
Note RM'000 RM'000 RM'000 RM'000

Revenue 4 2,217,049 2,187,102 61,099 58,094

Cost of sales (1,400,333) (1,495,772) - -
Gross profit 816,716 691,330 61,099 58,094
Other operating income 4,568 137,199 - -
Selling and distribution expenses (642,803) (651,243) - -
Administrative and other
operating expenses (94,714) (97,558) (1,022) (1,569)
Profit from operations 5 83,767 79,728 60,077 56,525
Finance costs 7 (9,908) (9,232) (4,436) (4,632)
Profit before tax 73,859 70,496 55,641 51,893
Income tax expense 8 (22,529) (20,389) (24) (58)
Profit after tax 51,330 50,107 55,617 51,835

Other comprehensive income

not to be reclassified to profit
or loss in subsequent year:
Revaluation of land and buildings 9 2,513 44,996 - -
Taxation 26 (2,145) (4,212) - -
Total other comprehensive
income (net of taxation) 368 40,784 - -

Total comprehensive income

for the financial year 51,698 90,891 55,617 51,835

Profit after tax attributable to:

Equity holders of the Company 51,307 50,107 55,617 51,835
Non-controlling interest 23 -

51,330 50,107 55,617 51,835

Total comprehensive
income attributable to:
Equity holders of the Company 51,675 90,891 55,617 51,835
Non-controlling interest 23 -

51,698 90,891 55,617 51,835

Basic/diluted earnings per
share (sen) 37 4.57 4.51

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

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1058531-W

7-Eleven Malaysia Holdings Berhad

1058531-W
(Incorporated in Malaysia) STATEMENTS OF
7-Eleven Malaysia
Statements Holdings
of financial Berhad
position FINANCIAL
as at 31 December 2018 POSITION
(Incorporated in Malaysia) AS AT 31 DECEMBER
Group 2018
Note 2018 2017
Statements of financial position as at 31 December 2018 RM'000 RM'000
Assets Group
Non-current assets Note 2018 2017
Property, plant and equipment 9 RM'000
323,982 RM'000
350,404
Assets
Investment property 10 400 400
Non-current
Intangible assets
assets 11 34,289 35,298
Property, plant
Other investmentand equipment 9
13 323,982
1 350,404
1
Investment property 10 400
358,672 400
386,103
Intangible assets 11 34,289 35,298
Other investment
Current assets 13 1 1
Inventories 14 358,672
224,682 386,103
221,957
Sundry receivables 15 93,465 113,526
Current
Tax assets
recoverable - 3,748
Inventories
Cash and bank balances 14
16 224,682
72,548 221,957
69,634
Sundry receivables 15 93,465
390,695 113,526
408,865
Tax recoverable
Total assets 749,367- 3,748
794,968
Cash and bank balances 16 72,548 69,634
Equity and liabilities 390,695 408,865
Total
Equityassets
attributable to equity 749,367 794,968
holders of the Company
Equity and liabilities
Share capital 17 1,485,138 1,485,138
Equitypremium
Share attributable to equity 18 - -
holders of the Company
Treasury shares 19 (161,941) (190,625)
Share capital
Capital reorganisation deficit 17
20 1,485,138
(1,343,248) 1,485,138
(1,343,248)
Share premium
Assets revaluation reserve 18
21 41,152- 40,784-
Treasury shares
Retained profits 19
22 (161,941)
71,208 (190,625)
81,985
Capital reorganisation deficit 20 (1,343,248)
92,309 (1,343,248)
74,034
Assets revaluation
Non-controlling reserve
interest 21 41,152
169 40,784-
Retained
Total profits
equity 22 71,208
92,478 81,985
74,034
92,309 74,034
Non-controlling interest
Non-current liabilities 169 -
Total equity
Provisions 23 92,478
7,742 74,034
7,400
Borrowings 24 44,611 42,400
Non-current liabilities
Contract liabilities 28 1,520 -
Provisionstax liabilities
Deferred 23
26 7,742
18,850 7,400
19,436
Borrowings 24 44,611
72,723 42,400
69,236
Contract liabilities 28 1,520 -
Deferred tax liabilities 26 18,850 19,436
72,723 69,236

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

The accompanying accounting policies and explanatory notes form an integral part of the
financial statements. 14

7-Eleven Malaysia Holdings Berhad (1058531-W)

14 Annual Report 2018 75
1058531-W

7-Eleven Malaysia Holdings Berhad

STATEMENTS OF FINANCIAL POSITION
(Incorporated in Malaysia)
AS AT 31 DECEMBER 2018
Statements of financial position as at 31 December 2018

Group
2018 2017
Note RM'000 RM'000

Current liabilities
Provisions 23 249 277
Borrowings 24 127,303 143,619
Trade payables 27 345,735 392,617
Other payables 28 107,114 115,184
Contract liabilities 28 1,699 -
Taxation 2,066 1
584,166 651,698
Total liabilities 656,889 720,934
Total equity and liabilities 749,367 794,968

Company
2018 2017
Note RM'000 RM'000

Assets
Non-current asset
Investments in subsidiary
companies, representing total
non-current asset 12 1,402,539 1,378,248

Current assets
Sundry receivables 15 61,060 58,090
Tax recoverable 1,268 1,235
Cash and bank balances 16 1,284 1,503
63,612 60,828
Total assets 1,466,151 1,439,076

Equity and liability

Equity attributable to equity
holders of the Company
Share capital 17 1,485,138 1,485,138
Treasury shares 19 (161,941) (190,625)
Retained profits 22 57,951 60,998
Total equity 1,381,148 1,355,511

Current liability
Other payables, representing
total current liability 28 85,003 83,565
Total equity and liability 1,466,151 1,439,076

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

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7-Eleven Malaysia Holdings Berhad

STATEMENTS OF CASH FLOWS

(Incorporated in Malaysia)

Statements of cash flows

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018
For the financial year ended 31 December 2018

Group Company
2018 2017 2018 2017
RM'000 RM'000 RM'000 RM'000

Cash flows from operating activities

Cash receipts from customers
and other receivables 2,290,403 2,352,114 30 10
Cash paid to suppliers and employees (2,178,621) (2,282,307) (1,000) (1,789)
Cash generated from/(used in)
operations 111,782 69,807 (970) (1,779)
Interest paid (9,908) (9,232) (4,436) (4,632)
Tax paid (19,447) (11,527) (57) (505)
Net cash generated from/(used in)
operating activities 82,427 49,048 (5,463) (6,916)

Cash flows from investing activities

Purchase of property, plant and
equipment (35,452) (44,560) - -
Purchase of intangible assets - (3,613) - -
Proceeds from disposal of
property, plant and equipment 350 282 - -
Acquisition of subsidiary companies
(Note 12) (754) - (24,291) -
Movement in intercompany balances - - 1,416 (1,285)
Dividend income received - - 58,000 52,000
Interest received 1,008 888 99 94
Net cash (used in)/generated
from investing activities (34,848) (47,003) 35,224 50,809

Cash flows from financing activities

Dividends paid on ordinary shares (29,980) (52,188) (29,980) (52,188)
Proceeds from banker's acceptances 280,200 330,820 - -
Repayment of banker's acceptances (301,000) (324,533) - -
Proceeds from revolving credit - 40,000 - -
Proceeds from term loan 18,000 32,000 - -
Repayment of term loans (11,800) (7,800) - -
Repayment of hire purchase and
finance lease liabilities (85) (160) - -
Net cash (used in)/generated
from financing activities (44,665) 18,139 (29,980) (52,188)

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80 7-Eleven Malaysia Holdings Berhad (1058531-W) Annual Report 2018

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7-Eleven Malaysia Holdings Berhad

(Incorporated in Malaysia)
STATEMENTS OF CASH FLOWS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018
Statements of cash flows
For the financial year ended 31 December 2018 (cont'd.)

Group Company
2018 2017 2018 2017
RM'000 RM'000 RM'000 RM'000

Net increase/(decrease) in cash

and cash equivalents 2,914 20,184 (219) (8,295)
Cash and cash equivalents at
1 January 69,634 49,450 1,503 9,798
Cash and cash equivalents at
31 December (Note 16) 72,548 69,634 1,284 1,503

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

20

7-Eleven Malaysia Holdings Berhad (1058531-W) Annual Report 2018 81