FRENCKEN GROUP LIMITED
ANNUAL REPORT 2015
11
BUSINESS REVIEW
(CONT’D)
The Group reported net profit attributable to equity holders
(PATMI) of S$9.2 million in FY2015, a decrease of 18.8%
from S$11.4 million in FY2014. Excluding the exceptional
items of S$6.0 million in FY2015 and S$0.7 million in
FY2014, the Group’s PATMI would have increased to
S$15.2 million in FY2015 compared to S$12.1 million in
FY2014.
As at 31 December 2015, the Group had shareholders’
equity of S$203.6 million, equivalent to net asset value of
50.3 cents per share based on the total number of issued
shares of 404.7 million shares.
Total assets decreased to S$339.5million as at 31December
2015 from S$352.3 million as at 31 December 2014. This
was attributable mainly to decreases in property, plant
and equipment and cash and cash equivalents, offset
partially by an increase in inventories.
Property, plant and equipment as at 31 December 2015
decreased to S$97.7 million from S$106.4 million as at
31 December 2014 due principally to depreciation charges
and the foreign exchange translation losses. Cash and
cash equivalents decreased to S$14.7 million from S$18.8
million as at 31 December 2014. Inventories increased to
S$98.9 million from S$95.7 million at the end of FY2014
for fulfillment of orders to customers. Trade receivables
were stable at S$87.4 million compared to S$87.2 million
as at 31 December 2014.
Total liabilities as at 31 December 2015 declined to
S$133.9 million from S$143.8 million as at 31 December
2014, attributable mainly to lower trade and other
payables as well as borrowings. Trade payables declined
to S$45.0 million from S$49.1 million as at 31 December
2014 due to settlement of outstanding amounts and
lower purchases of materials during the last quarter of
FY2015. Total borrowings also decreased 6.2% to S$51.9
million from a year ago. As at 31 December 2015, the
Group’s net debt-to-equity ratio stood at 18.3%.
Revenue breakdown by business segment
Mechatronics
IMS
Analytical (19%)
Semiconductor (15%)
Office Automation (2%)
Others (1%)
Automotive (27%)
Industrial Automation (11%)
Medical (14%)
Tooling (3%)
Consumer & Industrial Electronics (5%)
Others (3%)
