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The Group recorded
ROE
of 2.6%
based on shareholders’ equity
of RM1,038.67 million (FYE2019:
RM1,056.96 million) compared to
8.1% recorded in the previous year
consistent with the decrease in PAT.
Capital employed is the total amount
of capital utilised to generate profits.
ROCE during FYE2020 decreased to
5.0% from 10.5% registered in the
previous year.
Liquidity and Capital Resources
The Group’s financial position
remained sound with
Cash and Bank
Balances
and
Short-Term Cash
Investments
totalling RM295.92 million
(FYE2019: RM290.32 million), 1.9%
higher than the previous year.
During the year,
Total Liabilities
increased to RM214.84 million
from RM176.94 million while total
equity reduced to RM1.04 billion
from RM1.06 billion, resulting in an
increase in the group’s gearing ratio
to 0.21 times.
The Group’s Retained
Earnings FYE2020 stood
at RM437.36 million
against RM433.56 million
in the previous financial
year due to the variance
between the dividend
payments of RM25.30
million (FYE2019:
RM25.35 million) against
the profit attributable to
the equity holders of the
Company of RM29.21
million (FYE2019:
RM59.84 million).
Group CAPEX
(Rm million)
40.47
32.60
FYE2019
FYE2020
CAPEX Breakdown by Division
(Rm million)
FYE2019
FYE2020
0.46
2.38
7.64
5.05
4.12
3.41
0.18
1.07
28.56
20.20
Manufacturing
Plantation
Bulking
Food
Other
The Group continue to generate
strong cash flow in FYE2020 despite
the reduction in revenue.
Net Cash
Flow Generated from Operating
Activities
provided net cash flow
surplus of RM82.20 million compared
to RM52.78 million in prior year.
Capital Expenditure (“CAPEX”)
The Group’s CAPEX of RM32.60 million
(FYE2019: RM40.47 million) was incurred
to meet ongoing CAPEX commitments
during the year. Notably, Plantation
division accounted for 61.5% of the
Group’s total CAPEX spend which
was largely utilised towards plantation
development works, new planting,
construction of workers quarters and
purchase/replacements of fixed assets.
Sources of funds for CAPEX during the
year were generated internally.
kumpulan Fima Berhad
(197201000167)(11817-V)
Annual Report 2020
31