But if GKHL a subsidiary thn cash tu sama jer under JAKS control

Oh mungkin juga Sarifah tot 30% JV not consolidated

Lagi ada GKHL? Sarifah take a clsoer look

Lagi satu since ada hard cash paid bu bank bank China more bukti EPC profit is real hard cash real

But it is not without big risk and consequences abuse if JAKS cannot pay CPECC on time

Whn under real pressure u may want ro support JAKS abuse sikit HaHa

But JAKS enjoy d comfort of having duit cash byk dibank

mkmk

Thn the scope for abuse is not that big

JAKS is going to hv a very long 25 yr relationship with CPECC Sarifah don't think JAKS nak screw up that so early

DK66 advance payments tu not in JV account but in JAKS account



DK66 Sarifah, I don't understand your point 
----------------------- 
SarifahSelinder DK66 taksiran u ni not supported by the Annual Report

22/12/2018 15:21

mkmk

Sarifah don't think bank bank China dah bayar 100% of the EPC contract value one lump sum upfront dah


Taksiran Sarifah gap timeline dgn physical at most 10-20% jer


Bank bank China generous tapi x stupid to pay 100% sekali gus



mkmk Sarifah, u should note that they receive it in advance and used it too coz total cash lower than the advance... u should note that the 270m++ might be equivalent to the future profit to be recognised from epc as well... it is good that to have the profit in future reporting, but dont think it is a good thing if the cash from future profit was being used as of now...

22/12/2018 00:17

DK66 taksiran u ni not supported by the Annual Report


Posted by DK66 > Dec 22, 2018 09:31 AM | Report Abuse 


Jaks do not have control over the cash flow of JHDP. Thus, couldn't be able to "misappropriate" the funds for its domestic operations. 
22/12/2018 10:30

Amount tu juga bertambah year after year jadi besar kemungkinan all d way for d whole duration of d EPC project

YES

IT IS 99.99% CONFIRMED TAKSIRAN SARIFAH ON THE DOT


ANNUAL REPORT STATED JAKS INDEED RECEIVED ACTUAL ADVANCE PAYMENTS from JPP JV 


Note 14

Advances received from customer 
(included in other payables) 276,926,850 101,944,350 


Note 44

.... advances received from joint ventures


Tally la ni dgn taksiran Sarifah ni..


Besar kemungkinan RECEIVED ACTUAL ADVANCE PAYMENTS from JPP JV 




Posted by SarifahSelinder > Dec 18, 2018 10:09 PM | Report Abuse X

DK66 


Apa ni advances? 


Advances received from customer 
(included in other payables) 276,926,850 101,944,350 


Page 98



Posted by SarifahSelinder > Dec 19, 2018 06:02 PM | Report Abuse X

Taksiran Sarifah 



Advances received from customer  


Received makna received payment dah 


Customer no s mean ONE customer 



Besar kemungkinan RECEIVED ACTUAL ADVANCE PAYMENTS from JPP JV 


Apa mcm? 


Cara China




Posted by SarifahSelinder > Dec 19, 2018 06:06 PM | Report Abuse X

Cara China 

Mcm HRS 

Paid ikut timeline not progress of contract 

Mcm mana?
 



 Posted by SarifahSelinder > Dec 19, 2018 06:08 PM | Report Abuse X

Klau betul ni cara China NO cashflow problem

mkmk note 44 x ada why? Wait ha Sarifah go n read now

Anyway Advance payments can only be a positive

Anymore advance payments lagi pd masa akan datang??



SarifahSelinder Klau betul ni cara China NO cashflow problem
19/12/2018 18:08



SarifahSelinder Cara China

Mcm HRS

Paid ikut timeline not progress of contract

Mcm mana?
19/12/2018 18:06



SarifahSelinder Taksiran Sarifah



Advances received from customer


Received makna received payment dah


Customer no s mean ONE customer



Besar kemungkinan RECEIVED ACTUAL ADVANCE PAYMENTS from JPP JV


Apa mcm?


Cara China
19/12/2018 18:02

BuahCiku Shut it!!!!!!!!

klau progress billing it wil show as trade receivables

No

qqq3 two components in the accounts...Amounts owing by customers and the Account Payables...The vietnam component and the local component....
19/12/2018 18:3

No klau progress billing it wil show trade receivables



qqq3 d by SarifahSelinder > Dec 19, 2018 06:25 PM | Report Abuse

Klau condominium buyers pun

Wil condominium buyers ni paid in advance again???
=========

they call it advance doesn't mean it is advance...buyers pay based on progressive billings.
19/12/2018 18:30

BuahCiku Shut it!!!!!!!!

Kepala butoh ah jon want to give it a shot?

BuahCiku Shut it!!!!!!!!

PNB even more unlikely thn bank China

Tis is improvement more like it


qqq3 They have a $ 500 million SUKE contract....don't tell me PNB so generous give them $ 280 million advance?
19/12/2018 18:24

BuahCiku Shut it!!!!!!!!

Klau condominium buyers pun

Wil condominium buyers ni paid in advance again???

Klau condominium buyers pun

Wil condominium buyers ni paid in advance again???

BuahCiku Shut it!!!!!!!!

But customer no s

No amt due to Star clearly stated in another account


qqq3 the only thing that can create $ 280 million advance payments received is the Star Pacific properties......all depends how u do the accounting.......
19/12/2018 18:15

Some one dah bayar

Wil it pay pre-payment again?

Advances normally refers to pre-payments



DK66 Yes, but Advances normally refers to pre-payments for works yet to be carried out. It is not really a "payment liability", and it will be "repaid" via future work done. For accounting purposes, it is park under liabilities initially and subsequently "transferred" to Revenues when the work is done and billed.

--------------------
SarifahSelinder DK66 memang info x cukup no t clear
19/12/2018 17:09
19/12/2018 17:28

Account x clear Sarifah memang agree but wat do u think it is?

Jgn cakap not true je wat is it?

i3lurker thats not true,

klau tidak wat is it?


i3lurker thats not true, never happen anywhere in the world or China. Ini cara orang Malaysia jual nasi lemak shj

Posted by SarifahSelinder > Dec 19, 2018 06:06 PM | Report Abuse
Cara China

Mcm HRS

Paid ikut timeline not progress of contract

Mcm mana?
19/12/2018 18:0

HRS

Paid ikut timeline not progress of contract

BuahCiku Shut it!!!!!!!!

Klau betul ni cara China NO cashflow problem

Cara China

Mcm HRS

Paid ikut timeline not progress of contract

Mcm mana?

Taksiran Sarifah



Advances received from customer 


Received makna received payment dah


Customer no s mean ONE customer



Besar kemungkinan RECEIVED ACTUAL ADVANCE PAYMENTS from JPP JV


Apa mcm?


Cara China

Lagi no

From contract la

dont't think so

qqq3 all these arises from the peculiar way of developers do their books under the IFRS...and on going projects, WIP.....
19/12/2018 17:46

haha betul finally kena tengok d accounts properly



i3lurker qqq3

sarifah saw the accounts already

ONE customer only

Advances received from customer


Customer no s makna ONE only



qqq3 the advances $200 million probably relates to Pacific Star buyers
19/12/2018 17:40

Yes cerita memang mcm tu



Come ur opinion je apa ni??


Apa ni advances?


Advances received from customer
(included in other payables) 276,926,850 101,944,350

Posted by SarifahSelinder > Dec 19, 2018 05:14 PM | Report Abuse X

qqq3 jz bystander je?;

No comment ke to prove u not fake accountant?

Explain elok elok or shutup


Posted by Jonathan Keung > Dec 19, 2018 05:18 PM | Report Abuse

creative accounting ( to buy time and to make the accounts look good )

qqq3 jz bystander je?;

No comment ke to prove u not fake accountant?

So now the JV owed Jaks the work done as "receivables" in Jaks account, and Jaks owes its subcon the "payable" for work done. 


Srory lebih kurang mcm ni


Tapi both receivable and payable ni dah masuk tu Due from customers for contract both dah dicontra ka sini





kcchongnz Most of those receivables and payables are related to the power plant project of the JV entity. 

It is more like Jaks did the work for the JV with Chinese partner as its total subcontractor in the power plant project. 

So now the JV owed Jaks the work done as "receivables" in Jaks account, and Jaks owes its subcon the "payable" for work done. 

Just an accounting exercise. 

Just guessing.

19/12/2018

DK66 memang info x cukup no t clear