FINANCIAL EFFECTS OF THE JOINT VENTURE. The Joint Venture will not have any effect on the share capital and substantial shareholders’ shareholdings of Mah Sing. It is also not expected to have any material effect on the net assets per share, earnings per share and gearing of Mah Sing for the financial year ending 31 December 2024. The Joint Venture is expected to contribute positively to the future profitability of the Group.
FINANCIAL EFFECTS OF THE JOINT VENTURE. The Joint Venture will not have any material effects on the earnings, net assets per share and gearing of the Company for the financial year ending 31 December 2017. The Joint Venture is expected to contribute positively to the future earnings of the Thriven group of companies.
FINANCIAL EFFECTS OF THE JOINT VENTURE. 5.1 Share capital and Substantial shareholders’ shareholding
5.2 Net assets per share and Gearing
5.3 Earnings and Earnings per share
FINANCIAL EFFECTS OF THE JOINT VENTURE. 5.1. The pro forma financial effects of the Joint Venture on the Group as set out below are presented strictly for illustrative purposes and may not necessarily indicate or reflect the actual future financial position and results of the Group after the completion of the Joint Venture.
5.2. The pro forma financial effects of the Joint Venture have been computed based on the audited consolidated financial statements of the Group for FY2019, and based on the following assumptions:
(a) the financial effect on the consolidated net tangible assets (“NTA”) per Share is computed based on the assumption that the Joint Venture was completed on 31 December 2019;
(b) the financial effect on the consolidated earnings per Share (“EPS”) is computed based on the assumption that the Joint Venture was completed on 1 January 2019;
(c) the Company’s cash investment in the Joint Venture is only the Equity Portion, which amounts to US$816,000;
(d) the exchange rate of US$1.00 : RM4.30 was used for the foreign exchange translation; and
(e) the expenses to be incurred in respect of the Joint Venture are disregarded for the purposes of calculating the financial effects.
5.3. NTA per Share
FINANCIAL EFFECTS OF THE JOINT VENTURE. Magnus SEA’s funding obligations in the joint venture, if required, will be funded through the Group’s internal resources, and at present, is not expected to have any material impact on the net tangible asset value and earnings per share of the Company for the current financial year as the initial investment in the joint venture is negligible.
FINANCIAL EFFECTS OF THE JOINT VENTURE. The Company’s investment in the Joint Venture will be funded through internal resources. It is not expected to have any material impact on the net tangible assets per share and earnings per share of the Group for the current financial year ending 31 December 2020.
FINANCIAL EFFECTS OF THE JOINT VENTURE. The Joint Venture is not expected to have any material impact on the Group’s earnings per share and/or net tangible assets per share for the financial year ending 30 September 2013.
FINANCIAL EFFECTS OF THE JOINT VENTURE. The subscription of shares in the EDPL by V2YPL will be funded by the Group’s internal resources and the joint venture is not expected to have any material impact on the consolidated net tangible assets per share and consolidated earnings per share of the Company and the Group for the current financial year ending 31 December 2024.
