FAJARBARU BUILDER GROUP BHD (281645-U)

UNAUDITED CONDENSED CONSOLIDATED INCOME STATEMENT

For the 1st Quarter Ended 30 September 2016
Individual Quarter Cumulative Quarter
CURRENT PRECEDING YEAR CURRENT PRECEDING YEAR
YEAR CORRESPONDING YEAR CORRESPONDING
QUARTER QUARTER TO DATE PERIOD
30/09/2016 30/09/2015 30/09/2016 30/09/2015

RM'000 RM'000 RM'000 RM'000

Revenue 63,063 109,397 63,063 109,397

Cost of Sales (47,240) (93,325) (47,240) (93,325)

Gross Profit 15,823 16,072 15,823 16,072

Other Income 28 344 28 344

Interest Income 425 295 425 295
Operating Expenses (5,234) (4,797) (5,234) (4,797)
Finance Costs (208) (81) (208) (81)
Share of results of associates (20) - (20) -

Profit Before Tax 10,814 11,833 10,814 11,833

Tax Expenses (2,885) (3,965) (2,885) (3,965)

Profit for the period 7,929 7,868 7,929 7,868

Profit attributable to :
Owners of the Company 4,389 2,776 4,389 2,776
Non-controlling interest 3,540 5,092 3,540 5,092
7,929 7,868 7,929 7,868

Weighted average no. of shares ('000) 361,668 328,875 361,668 328,875

Nominal value of share (RM) 0.50 0.50 0.50 0.50
Earnings per share attibutable to
owners of the Company ( sen )
- Basic 1.21 0.84 1.21 0.84
- Diluted 1.21 0.84 1.21 0.84

(The unaudited Condensed Consolidated Income Statement should be read in conjunction with the Audited Financial Statements
for the year 30 June 2016 and the accompanying explanatory notes attached to the interim financial statements)
FAJARBARU BUILDER GROUP BHD (281645-U)

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

For the 1st Quarter Ended 30 September 2016
Individual Quarter Cumulative Quarter
CURRENT PRECEDING YEAR CURRENT PRECEDING YEAR
YEAR CORRESPONDING YEAR CORRESPONDING
QUARTER QUARTER TO DATE PERIOD
30/09/2016 30/09/2015 30/09/2016 30/09/2015

RM'000 RM'000 RM'000 RM'000

Profit for the period 7,929 7,868 7,929 7,868

Other comprehensive income :
Net gain on other investment
- Gain/(loss) on fair value changes (1,577) (394) (1,577) (394)
Foreign currency translation (324) (167) (324) (167)
Total Comprehensive income 6,028 7,307 6,028 7,307

Total comprehensive income attributable to :

Owners of the Company 2,646 2,297 2,646 2,297
Non-controlling interest 3,382 5,010 3,382 5,010
6,028 7,307 6,028 7,307

(The unaudited Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the Audited Financial Statements
for the year 30 June 2016 and the accompanying explanatory notes attached to the interim financial statements)
FAJARBARU BUILDER GROUP BHD (281645-U)

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 2016

(Unaudited) (Audited)
AS AT AS AT
END OF FINANCIAL
CURRENT YEAR
QUARTER ENDED
30/09/2016 30/06/2016

RM'000 RM'000

ASSETS
Non-current assets
Property, plant & equipment 10,781 10,289
Investment properties 44,081 44,081
Investment securities 5,125 6,702
Investment in associates - -
Intangible assets 208 208
Trade receivables 10,087 10,087
Other receivables & prepayments 30,897 33,200
Goodwill 7 7
Deferred tax assets 2,614 2,614
103,800 107,188
Current assets
Inventories 262,234 212,617
Trade receivables 86,975 74,648
Other receivables 35,044 29,229
Amount owing by contract customers 17,703 20,592
Tax recoverable 89 88
Amount due from associates 4,000 -
Short-term investments 13,528 28,988
Fixed deposits with licensed banks 20,020 18,585
Cash and bank balances 27,870 41,937
467,463 426,684

TOTAL ASSETS 571,263 533,872

EQUITY AND LIABILITIES

Equity attributable to owners of the Company
Share capital 181,366 181,366
Share premium 5,280 5,280
Treasury shares (1,138) (1,138)
Warrant reserves 7,674 7,674
Other reserves 1,110 1,110
Fair value reserves (2,782) (1,205)
Foreign currency translation reserves (213) (47)
Retained profits 41,458 37,069
Equity attributable to owners of the Company 232,755 230,109
Non-Controlling interests 29,084 25,702
TOTAL EQUITY 261,839 255,811

Non-current liabilities
Trade payables 1,404 1,404
Deferred tax liabilities 7,393 7,393
Loans and borrowings 12,366 56,408
21,163 65,205

Current liabilities
Loans and borrowings 96,522 26,939
Trade payables 78,777 71,741
Other payables 74,980 70,838
Amount owing to contract customers 25,900 29,361
Provision of taxation 4,418 6,313
Provision 7,664 7,664
288,261 212,856
TOTAL LIABILITIES 309,424 278,061

TOTAL EQUITY AND LIABILITIES 571,263 533,872

Net assets per share attributable to owners 0.6436 0.6362

of the Company (RM)
No. of Shares issued (net of treasury shares) 361,667,864 361,667,864
Nominal value of each share ( RM) 0.50 0.50

(The unaudited Condensed Consolidated Statement of Financial Position should be read in conjunction
with the Audited Financial Statements for the year ended 30 June 2016 and the accompanying explanatory
notes attached to the interim financial statements)
FAJARBARU BUILDER GROUP BHD (281645-U)

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE 1ST QUARTER ENDED 30 SEPTEMBER 2016 END OF
END OF PRECEDING
CURRENT CORRESPONDING
QUARTER QUARTER

30/09/2016 30/09/2015

RM'000 RM'000
CASH FLOW FROM OPERATING ACTIVITIES
Profit before taxation 10,814 11,833
Adjustment for :
Depreciation on property, plant and equipment 319 308
Interest income (425) (294)
Finance costs 208 81
Share of results of associates 20 -
Operating profit before working capital changes 10,936 11,928

Change in working capital

(Increase)/Decrease in inventories (48,878) (6,641)
(Increase)/Decrease in receivables (12,899) (36,701)
Increase/(Decrease) in payables 7,594 22,427
Cash generated from / (used in) operations (43,247) (8,987)

Taxes paid (4,782) (281)

Interest paid (801) (429)
Net cash flow (used in)/ generated from operating activities (48,830) (9,697)

CASH FLOW FROM INVESTING ACTIVITIES

Interest received 375 250
Net cash outflow for acquisiton of associates (20) -
Purchase of property, plant and equipment (254) (296)
Advance to associates (4,000) -
Net cash generated from / (used in) investing activities (3,899) (46)

CASH FLOW FROM FINANCING ACTIVITIES

Finance cost paid (23) -
Dividends paid on ordinary shares - (4,111)
Repayment of loans and borrowings (13,451) (10,511)
Repayment of hire purchase (89) (31)
Drawdown of borrowings 38,525 17,763
Net cash generated from / (used in) financing activities 24,962 3,110

NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (27,767) (6,633)

Effect of exchange rate changes on cash and cash equivalents (324) (167)
CASH AND BANK BALANCES AS AT 1 JULY 89,509 56,032
CASH AND BANK BALANCES AS AT 30 SEPTEMBER 61,418 49,232

Less :Fixed deposit under lien (20,020) (15,547)

CASH AND CASH EQUIVALENTS AS AT 30 SEPTEMBER 41,398 33,685

(The unaudited Condensed Consolidated Statement of Cash Flows should be read in conjunction with the
Audited Financial Statements for the year ended 30 June 2016 and the accompanying explanatory
notes attached to the interim financial statements)
FAJARBARU BUILDER GROUP BHD (281645-U)

Unaudited Condensed Consolidated Statement of Changes in Equity

For the 1st Quarter Ended 30 September 2016

Attributable to owners of the Company

Non-distributable Distributable
Foreign exchange Attributable
Share Treasury Share Other Warrant Fair value translation Retained to owners of Non-controlling Total
Capital Shares Premium reserve reserve reserve reserve profit the Company Interest Equity
(RM'000) (RM'000) (RM'000) (RM'000) (RM'000) (RM'000) (RM'000) (RM'000) (RM'000) (RM'000) (RM'000)

As at 1 July 2016 181,366 (1,138) 5,280 1,110 7,674 (1,205) (47) 37,069 230,109 25,702 255,811

Total comprehensive income for the year - - - - - (1,577) (166) 4,389 2,646 3,382 6,028

As at 30 September 2016 181,366 (1,138) 5,280 1,110 7,674 (2,782) (213) 41,458 232,755 29,084 261,839

As at 1 July 2015 164,966 (1,134) 3,925 1,110 7,674 (2,782) (41) 30,438 204,156 4,889 209,045

Total comprehensive income for the year - - - - - (394) (85) 2,776 2,297 5,010 7,307

As at 30 September 2015 164,966 (1,134) 3,925 1,110 7,674 (3,176) (126) 33,214 206,453 9,899 216,352

(The unaudited Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the Audited Financial Statements
for the year ended 30 June 2016 and the accompaning explanatory notes attached to the interim financial statements)