49 ANNUAL INTEGRATED REPORT 2021 ADDITIONAL INFORMATION HOW WE ARE GOVERNED REINFORCING SUSTAINABILITY Plantation >100% 2021 RM1,602 million 2020: RM402 million Sugar >100% 2021 RM86 million 2020: (RM35 million) Logistics & Others 79% 2021 RM90 million 2020: RM50 million GROUP FINANCIAL POSITION The Group’s total assets in FY2021 increased by 5% to RM17.96 billion from RM17.18 billion registered in FY2020. This was attributed to the rise in inventories by 61% due to higher price and volume, and improvement in cash by 18%. Total liabilities reduced by 3% due to decrease in LLA liabilities and borrowings by 10% and 7% respectively, but was partially offset by the increase in payables by 35%. Total equity for the Group in 2021 stood at RM7.19 billion, an increase by 18% from RM6.10 billion registered in the previous year. CASH FLOW The Group’s total cash balance as at 31 December 2021 grew by 18% to RM2.03 billion from RM1.73 billion recorded in FY2020 following the improvement in net cash from operation. OTHER KEY INDICATORS In FY2021, the gearing ratio improved to 0.56 times from 0.70 times in FY2020 due to lower borrowings and improved total equity, as a result of higher profit. Meanwhile, the liquidity ratio improved to 1.22 in FY2021 from 1.07, recorded in FY2020. TheGroup recorded abetter net asset per shareof RM1.49 compared toRM1.17 in FY2020. Earnings per share also increased significantly to 32 sen from 4 sen in the previous year, in tandem with the improvement in the Group’s results. DIVIDENDS DECLARED In light of the good results in FY2021, the Board has agreed to declare a final dividend of 8 sen per ordinary share that amounted to RM291.85 million and was paid on 31 March 2022. Key Financial Highlights FY2021 FY2020 Changes (%) Cash and Cash Equivalents (RM million) 2,032 1,729 +18% Total Borrowings (RM million) 3,998 4,293 -7% Liquidity Ratio (times) 1.22 1.07 +14% Gearing Ratio (times) 0.56 0.70 -20% Earnings Per Share (sen) 32.0 4.0 >100% Dividend (sen) 8.0 3.0 >100% Profit/(Loss) Before Zakat and Tax by Sector
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