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Financials
For The Third Quarter Ended 31 March 2008
Income Statements
Balance Sheet
*
Net tangible assets = shareholders' funds less intangible assets divided by number of shares in issue
**
Some of the Balance Sheet items have been reclassified in order to comply with the new requirement of FRS
Review Of Performance
The Group registered a turnover of RM429.4m and a loss after tax of RM31.7m for the quarter under review.
Because of the substantial increases in the cost of exploration in the oil and gas sector and the resultant effects on the future cash flow of the Group, Ranhill has determined to rationalize its presence in this sector by:
- Selling its interests in EEJW, a small gas producer in Java acquired in 2004 at loss of RM34m.
- Farming out of Ranhill interests in the remaining Indonesian assets with no gain or loss expected.
- Farming out of Ranhill interests in the remaining Philippines assets with no gain or loss expected.
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