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annual report | 2012 Gunung Capital Berhad (330171-P)
84
NOTES TO THE FINANCIAL STATEMENTS (cont’d)
31 DECEMBER 2012
30 DISCONTINUED OPERATIONS
In the previous financial years, the Board of Directors has decided to discontinue with the trading of latex concentrate,
which was the main operations of one of the subsidiaries, Gunung Resources Sdn, Bhd., due to the high costs of latex
concentrate with no prospect of costs decrease. However, the Board has no intention to dispose the equity interest in
Gunung Resources Sdn. Bhd. and as such the subsidiary was not treated as a disposal group.
The results of the discontinued operations are as follows:
2012
RM
Group
Revenue - -
Finance costs - (38,431)
Loss before tax from discontinued operations - (38,431)
Tax expense - -
Loss from discontinued operations for the financial year - (38,431)
Net cash flows attributable to discontinued operations are as follows :
2012
RM
Group
Operating activities - 12,292,920
Investing activities - -
Financing activities - (6,784,001)
31 EARNINGS PER ORDINARY SHARE
(a) Basic Earnings per Ordinary Share
2011
RM
2011
RM
- 5,508,919
The basic earnings per ordinary share for the financial year has been calculated based on the Group’s net profits
attributable to shareholders of the Company divided by the weighted average number of ordinary shares of the
Company in issue during the financial year.
2012
RM
Group
Earnings attributable to shareholders
- Continuing operations 13,698,866 9,609,733
- Discontinued operations - (38,431)
2011
RM
13,698,866 9,571,302
Weighted average number of ordinary shares in issue 109,884,113 100,867,072
Basic earnings per ordinary share (Sen)
- Continuing operations 12.47 9.53
- Discontinued operations - (0.04)
12.47 9.49