[S&FCAP] YoY Annualized Quarter Result on 31-Dec-2003 [#4]

Announcement Date
11-Mar-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2003
Quarter
31-Dec-2003 [#4]
Profit Trend
QoQ--%
YoY--%
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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 131,891 128,533 119,285 94,400 0 0 9,302 55.54%
PBT 26,242 26,592 25,803 21,877 0 -42,780 -43,199 -
Tax -4,503 -6,430 -6,901 -20,001 0 0 43,199 -
NP 21,739 20,162 18,902 1,876 0 -42,780 0 -
-
NP to SH 21,739 20,162 18,902 15,412 0 -42,780 -42,993 -
-
Tax Rate 17.16% 24.18% 26.74% 91.42% - - - -
Total Cost 110,152 108,371 100,383 92,524 0 42,780 9,302 50.94%
-
Net Worth 183,068 168,079 151,916 140,531 0 -324,619 -177,765 -
Dividend
31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 31/12/00 CAGR
Div 8,635 8,058 6,905 - - - - -
Div Payout % 39.72% 39.97% 36.53% - - - - -
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 183,068 168,079 151,916 140,531 0 -324,619 -177,765 -
NOSH 115,137 115,122 115,088 116,141 65,836 65,845 65,839 9.75%
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 16.48% 15.69% 15.85% 1.99% 0.00% 0.00% 0.00% -
ROE 11.87% 12.00% 12.44% 10.97% 0.00% 0.00% 0.00% -
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 114.55 111.65 103.65 81.28 0.00 0.00 14.13 41.71%
EPS 18.88 17.51 16.42 13.27 0.00 -64.97 -65.30 -
DPS 7.50 7.00 6.00 0.00 0.00 0.00 0.00 -
NAPS 1.59 1.46 1.32 1.21 0.00 -4.93 -2.70 -
Adjusted Per Share Value based on latest NOSH - 114,307
31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 31/12/00 CAGR
RPS 21.79 21.23 19.70 15.59 0.00 0.00 1.54 55.48%
EPS 3.59 3.33 3.12 2.55 0.00 -7.07 -7.10 -
DPS 1.43 1.33 1.14 0.00 0.00 0.00 0.00 -
NAPS 0.3024 0.2776 0.2509 0.2321 0.00 -0.5362 -0.2936 -
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 - - - -
Price 0.85 0.69 0.78 0.64 0.00 0.00 0.00 -
P/RPS 0.74 0.62 0.75 0.79 0.00 0.00 0.00 -
P/EPS 4.50 3.94 4.75 4.82 0.00 0.00 0.00 -
EY 22.21 25.38 21.06 20.73 0.00 0.00 0.00 -
DY 8.82 10.14 7.69 0.00 0.00 0.00 0.00 -
P/NAPS 0.53 0.47 0.59 0.53 0.00 0.00 0.00 -
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 28/02/07 27/02/06 28/02/05 11/03/04 28/02/03 03/04/02 28/02/01 -
Price 0.88 0.70 0.80 0.92 0.00 0.00 0.00 -
P/RPS 0.77 0.63 0.77 1.13 0.00 0.00 0.00 -
P/EPS 4.66 4.00 4.87 6.93 0.00 0.00 0.00 -
EY 21.46 25.02 20.53 14.42 0.00 0.00 0.00 -
DY 8.52 10.00 7.50 0.00 0.00 0.00 0.00 -
P/NAPS 0.55 0.48 0.61 0.76 0.00 0.00 0.00 -

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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