Assignment 2 Gamuda

Topics: Balance sheet, Generally Accepted Accounting Principles, Infrastructure Pages: 5 (579 words) Published: December 2, 2014
1.0 INTRODUCTION
Gamuda Berhad (Gamuda) was listed on the Main Board of Bursa Malaysia, is the leading infrastructure and property developer with operations in Asia and the Middle East Regions. The core business of Gamuda is in Engineering and Construction, Infrastructure Concessions and Property Development. Gamuda has delivered and completed numerous large-scale civil infrastructure projects to-date such as operate and maintain 230km of highways that serve more than two million road users each day, provide water supply to more than two million Klang Valley residents daily and built more than 14,000 homes in our integrated lifestyle townships. Besides constantly challenging the status quo to go beyond our boundaries in the developments we construct, Gamuda endeavours to enrich the communities by positively changing the way people live and contribute to nation building through continuous education and training. We have transformed communities with mega developments such as the internationally-acclaimed Stormwater Management and Road Tunnel (SMART) in Malaysia; the Kaohsiung Metropolitan Mass Rapid Transit (KMRT) in Taiwan; Sitra Causeway Bridges in Bahrain; Dukhan Highway and New Doha International Airport (NDIA) in Qatar; Durgapur and Panagarh-Palsit Expressways in India, as well as Gamuda City and Celadon City in Vietnam. Paving the way for a new chapter in Malaysia’s transportation history, we are the Project Delivery Partner (PDP) for the MRT, Mass Rapid Transit project (Sungai Buloh – Kajang Line) (SBK Line), the nation’s largest public infrastructure project. The new 51km MRT line comprising 31 stations will form the backbone of an efficient and sustainable mass rail transportation system for residents in the Klang Valley. We are also the appointed main contractor for the 9.5km underground tunnelling portion of MRT’s SBK Line by the Government. Our scope of engineering expertise covers highways and expressways, bridges, tunnels, dams and hydropower generation, hydraulic engineering and water treatment, railways and mass-rapid transit systems, marine works and ports, and buildings, delivered through general contracting, design and build, turnkey, as well as the B.O.T approach. Our emphasis on differentiation, value-creation and operational excellence has enabled the Group to consistently deliver distinctive infrastructure and homes bearing Gamuda’s hallmark of innovation, superior quality, outstanding value and on-time completion.

1.1VISION
We deliver innovative world-class infrastructure and homes for our customers through our core businesses in infrastructure development and construction, operation and maintenance of public infrastructure concessions, and large-scale urban property development. We value:

Innovation
in our concepts, products, services and delivery mechanism to provide the most viable solutions for our clients and stakeholders; Responsible conduct
towards our stakeholders, including customers, employees, shareholders, the overall community and the environment in which we operate; Constant improvement
on our efficiency and relevance amidst the changing needs of our clients and global markets; and Taking the long view
in our business policies and decisions to ensure that we build a sustainable future. 1.2 Shareholders and Directors

2.0 FINANCIAL HIGHLIGHT FOR YEAR 2010 TO 2012
Statement of Profit and Loss account FYE 2010 to 2012
 
2012
2011
2010
 
RM'000
RM'000
RM'000
Sales
3,087,003
2,673,208
2,455,143
Gross Profit
672,659
511,338
380,789
Profit Before Tax
728,210
544,524
412,260
Income Tax
-162,219
-111,579
-80,547
Net Profit
565,991
432,945
331,713
EPS
 
 
 
Basic
26.42
20.74
16.00
Diluted
25.56
19.80
15.67

Balance Sheet Statement as at 31 December 2010, 2011 and 2012

2012
2011
2010

RM'000
RM'000
RM'000
Non-current Asset
3,269,745
3,005,666
2,705,344
Current Asset
5,229,183
4,545,632
4,028,217
Total Asset
8,498,928...
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