[TM] YoY TTM Result on 31-Dec-2003 [#4]

Announcement Date
26-Feb-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2003
Quarter
31-Dec-2003 [#4]
Profit Trend
QoQ- 39.98%
YoY- 64.69%
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TTM Result
31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 31/12/00 CAGR
Revenue 16,399,158 13,942,370 13,250,900 11,796,350 9,834,138 9,673,213 8,815,673 10.89%
PBT 3,133,231 1,584,303 3,172,839 1,810,452 1,530,334 2,443,640 1,250,759 16.53%
Tax -830,917 -679,612 -559,379 -420,038 -686,058 -631,720 -545,588 7.25%
NP 2,302,314 904,691 2,613,460 1,390,414 844,276 1,811,920 705,171 21.78%
-
NP to SH 2,068,775 875,237 2,613,460 1,390,414 844,276 1,811,920 705,171 19.63%
-
Tax Rate 26.52% 42.90% 17.63% 23.20% 44.83% 25.85% 43.62% -
Total Cost 14,096,844 13,037,679 10,637,440 10,405,936 8,989,862 7,861,293 8,110,502 9.64%
-
Net Worth 16,977,768 20,016,149 15,359,846 12,606,204 12,594,768 14,851,771 13,254,139 4.21%
Dividend
31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 31/12/00 CAGR
Div 1,559,545 1,185,152 1,009,661 644,851 314,869 - - -
Div Payout % 75.38% 135.41% 38.63% 46.38% 37.29% - - -
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 16,977,768 20,016,149 15,359,846 12,606,204 12,594,768 14,851,771 13,254,139 4.21%
NOSH 3,395,553 3,387,801 3,377,868 3,224,258 3,148,692 3,109,341 3,048,540 1.81%
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 14.04% 6.49% 19.72% 11.79% 8.59% 18.73% 8.00% -
ROE 12.19% 4.37% 17.01% 11.03% 6.70% 12.20% 5.32% -
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 482.96 411.55 392.29 365.86 312.32 311.10 289.18 8.91%
EPS 60.93 25.83 77.37 43.12 26.81 58.27 23.13 17.51%
DPS 46.00 35.00 29.89 20.00 10.00 0.00 0.00 -
NAPS 5.00 5.9083 4.5472 3.9098 4.00 4.7765 4.3477 2.35%
Adjusted Per Share Value based on latest NOSH - 3,224,258
31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 31/12/00 CAGR
RPS 427.32 363.30 345.28 307.38 256.25 252.06 229.71 10.89%
EPS 53.91 22.81 68.10 36.23 22.00 47.21 18.37 19.64%
DPS 40.64 30.88 26.31 16.80 8.20 0.00 0.00 -
NAPS 4.4239 5.2157 4.0024 3.2848 3.2818 3.87 3.4537 4.21%
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 4.88 4.78 5.80 4.20 3.95 5.15 5.65 -
P/RPS 1.01 1.16 1.48 1.15 1.26 1.66 1.95 -10.38%
P/EPS 8.01 18.50 7.50 9.74 14.73 8.84 24.43 -16.95%
EY 12.48 5.40 13.34 10.27 6.79 11.32 4.09 20.42%
DY 9.43 7.32 5.15 4.76 2.53 0.00 0.00 -
P/NAPS 0.98 0.81 1.28 1.07 0.99 1.08 1.30 -4.59%
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 23/02/07 28/02/06 24/02/05 26/02/04 27/02/03 26/02/02 19/03/01 -
Price 5.45 4.95 5.30 5.25 3.95 4.62 5.80 -
P/RPS 1.13 1.20 1.35 1.43 1.26 1.49 2.01 -9.14%
P/EPS 8.95 19.16 6.85 12.17 14.73 7.93 25.07 -15.76%
EY 11.18 5.22 14.60 8.21 6.79 12.61 3.99 18.72%
DY 8.44 7.07 5.64 3.81 2.53 0.00 0.00 -
P/NAPS 1.09 0.84 1.17 1.34 0.99 0.97 1.33 -3.26%

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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