[MNRB] YoY Annualized Quarter Result on 31-Dec-2003 [#3]

Announcement Date
26-Feb-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Mar-2004
Quarter
31-Dec-2003 [#3]
Profit Trend
QoQ- 6.52%
YoY- 59.51%
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Annualized Quarter Result
31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 31/12/00 CAGR
Revenue 832,070 770,416 719,798 697,902 865,322 732,517 673,769 3.57%
PBT 127,441 118,528 113,737 119,961 80,653 83,473 -9,213 -
Tax -32,686 -29,778 -30,137 -31,506 -25,200 -17,960 9,213 -
NP 94,754 88,749 83,600 88,454 55,453 65,513 0 -
-
NP to SH 94,754 88,749 83,600 88,454 55,453 65,513 -16,090 -
-
Tax Rate 25.65% 25.12% 26.50% 26.26% 31.24% 21.52% - -
Total Cost 737,316 681,666 636,198 609,448 809,869 667,004 673,769 1.51%
-
Net Worth 785,005 693,062 645,239 603,100 388,483 497,176 430,031 10.54%
Dividend
31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 31/12/00 CAGR
Div 58,310 53,415 52,299 51,879 25,898 - - -
Div Payout % 61.54% 60.19% 62.56% 58.65% 46.70% - - -
Equity
31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 31/12/00 CAGR
Net Worth 785,005 693,062 645,239 603,100 388,483 497,176 430,031 10.54%
NOSH 218,664 200,306 196,121 194,548 194,241 194,209 193,707 2.03%
Ratio Analysis
31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 31/12/00 CAGR
NP Margin 11.39% 11.52% 11.61% 12.67% 6.41% 8.94% 0.00% -
ROE 12.07% 12.81% 12.96% 14.67% 14.27% 13.18% -3.74% -
Per Share
31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 31/12/00 CAGR
RPS 380.52 384.62 367.02 358.73 445.49 377.18 347.83 1.50%
EPS 43.33 44.31 42.63 45.47 28.53 33.73 -8.31 -
DPS 26.67 26.67 26.67 26.67 13.33 0.00 0.00 -
NAPS 3.59 3.46 3.29 3.10 2.00 2.56 2.22 8.33%
Adjusted Per Share Value based on latest NOSH - 194,330
31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 31/12/00 CAGR
RPS 106.26 98.38 91.92 89.12 110.50 93.54 86.04 3.57%
EPS 12.10 11.33 10.68 11.30 7.08 8.37 -2.05 -
DPS 7.45 6.82 6.68 6.63 3.31 0.00 0.00 -
NAPS 1.0025 0.885 0.824 0.7702 0.4961 0.6349 0.5491 10.54%
Price Multiplier on Financial Quarter End Date
31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 31/12/00 CAGR
Date 29/12/06 30/12/05 31/12/04 31/12/03 31/12/02 31/12/01 26/12/00 -
Price 4.28 3.86 3.58 3.30 2.48 2.61 4.90 -
P/RPS 1.12 1.00 0.98 0.92 0.56 0.69 1.41 -3.76%
P/EPS 9.88 8.71 8.40 7.26 8.69 7.74 -58.99 -
EY 10.12 11.48 11.91 13.78 11.51 12.92 -1.70 -
DY 6.23 6.91 7.45 8.08 5.38 0.00 0.00 -
P/NAPS 1.19 1.12 1.09 1.06 1.24 1.02 2.21 -9.79%
Price Multiplier on Announcement Date
31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 31/12/00 CAGR
Date 12/02/07 20/02/06 22/02/05 26/02/04 27/02/03 07/02/02 15/02/01 -
Price 4.52 3.74 3.48 3.56 2.36 2.75 3.68 -
P/RPS 1.19 0.97 0.95 0.99 0.53 0.73 1.06 1.94%
P/EPS 10.43 8.44 8.16 7.83 8.27 8.15 -44.30 -
EY 9.59 11.85 12.25 12.77 12.10 12.27 -2.26 -
DY 5.90 7.13 7.66 7.49 5.65 0.00 0.00 -
P/NAPS 1.26 1.08 1.06 1.15 1.18 1.07 1.66 -4.48%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

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