Posted by Sslee > 2022-03-30 17:31 | Report Abuse

You can check our trade financing and the cost of money.

Are you sure your CFO is not sleeping on the job for the past 9 months when he allowed trade receivables to grow to RM 146.1 million with revenue of RM 164.8 million.
And meanwhile net drawdown bank borrowings RM 55.45 million and incur interest payment of RM 1.192 million.

Posted by Genetec RM4.80 > 2022-03-30 17:45 | Report Abuse

Mr Yun-fat, Chow

It's our Customer CCC management and we need to use the product to fund the project.

Please read my reply to you on
https://klse1.i3investor.com/blogs/genetec_rm400/2022-03-28-story-h1620504193-My_fellow_GENETEC_shareholders_We_are_making_the_future_better_We_are_n.jsp

and https://klse1.i3investor.com/servlets/forum/600703528.jsp?ftp=1

Posted by Sslee > 2022-03-30 18:02 | Report Abuse

Sometime I suspect you cut and paste without understand what you paste:

50% payment on 10 to 12 weeks
30% payment on 13 to 24 weeks
20% payment on 25 to 36 weeks

So please do your calculation why the figure:
9 months end 31-12-2021.
Revenue: RM 164.8 million (Q1 40.3: Q2 59.3 and Q3 65.3)
Trade receivables: RM 146.1 million
The trade receivables is 146.1/164.8 = 88.7% of total revenue.

Posted by Sslee > 2022-03-30 18:18 | Report Abuse

And by the way I am shocked your company did not demand a downpayment before you shipped out the equipments to customer site for installation.

Posted by Genetec RM4.80 > 2022-03-30 18:37 | Report Abuse

Mr Yun-fat, Chow

As I reply to you earlier, please refer to point [2] https://klse1.i3investor.com/blogs/genetec_rm400/2022-01-30-story-h1598246626-GENETEC_I_have_no_worry_on_the_cash_flow_Customer_T_is_world_class_EV_p.jsp

Posted by Genetec RM4.80 > 2022-03-30 18:51 | Report Abuse

For knowledge sharing - Everything you need to know about electric car batteries https://klse1.i3investor.com/blogs/genetec_rm400/2022-03-30-story-h1620559123-For_knowledge_sharing_Everything_you_need_to_know_about_electric_car_ba.jsp

Posted by Genetec RM4.80 > 2022-03-30 18:53 | Report Abuse

For knowledge sharing - Batteries are a key part of the energy transition. Here’s why https://klse1.i3investor.com/blogs/genetec_rm400/2022-03-30-story-h1620559124-For_knowledge_sharing_Batteries_are_a_key_part_of_the_energy_transition.jsp

Posted by Genetec RM4.80 > 2022-03-30 18:56 | Report Abuse

For knowledge sharing - The Economics of Tesla’s Batteries Business https://klse1.i3investor.com/blogs/genetec_rm400/2022-03-30-story-h1620559125-For_knowledge_sharing_The_Economics_of_Tesla_s_Batteries_Business.jsp

Posted by Sslee > 2022-03-30 19:42 | Report Abuse

Please allow me to do the math.
You should already collected 80% of Q1 revenue 50% of Q2 revenue and none of Q3 revenue.
So your trade receivables should be (0.2X40.3 + 0.5X59.3 + 65.3) = RM 103 million.

So why the trade receivables is RM 146.1 million.

May I know why customers do not pay any downpayment during contract signing or LC against shipping document?

Posted by csan > 2022-04-06 11:46 | Report Abuse

from the increase in receivables, one can tell easily that the so-called 50% payment after 12 weeks did not come in.