My question is : Can this biological asset made any impact on the the company's financial performance ? Will this play a vital role in the selection of investing target ?
bahai4453 My question is : Can this biological asset made any impact on the the company's financial performance ? Will this play a vital role in the selection of investing target ? 27/07/2021 12:54 AM
This is a very good question indeed
1) Yes, biological assets continue to grow and increase in value year after year
See an example
THPLANT
See last qtr result under Note 17
Biological assets
Year ended 31.12.2020...Rm41.6 millions
Year 31. 3. 2021........Rm55.9 millions
So THPLANT assets are stated as below At 1 January Change in fair value recognised to profit or loss...Rm14.278 Millions
SO IN JUST 3 MONTHS THPLANT BIOLOGICAL ASSETS INCREASED BY RM14.2 MILLIONS IN VALUE
What kind of Biological Assets THPLANT GOT?
Receorded in AR of THPLANT Under Property are Palm Oil Estates, Timber & Teak Wood Estates
TEAKWOOD?
YES! THPLANT HAS 3,000 ACRES OF PLANTED TEAKWOOD (All of highest value)
For TSH it has both Palm Oil & Timber Concession lands planted with Solid hardwood
These hardwood trees are used for Wood Flooring and sold by its subsidiary Ekowood
A land value will increase many times if Good Biological Assets are planted there
See how people who got Mau Sang Wang durian planted on their lands ask for exorbitant prices?
Thanks for this post. Biological Assets are something I had not given much thought to previously. Must now look out for this when reading companies' reports.
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calvintaneng
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See TSH CORPORATE VIDEO https://www.youtube.com/watch?v=N2561n37Ig8