Posted by somchik > 2016-05-30 23:55 | Report Abuse

Celakak lousy result..

Posted by AK1882 > 2016-05-31 09:13 | Report Abuse

Lousy and useless company due to Lousy MD.......

Posted by zumzum > 2016-05-31 09:45 | Report Abuse

cheaper than dnex now

Posted by caven101 > 2016-05-31 10:18 | Report Abuse

time to buy...cheaper than DNEX

Posted by cutie > 2016-05-31 10:24 | Report Abuse

loss due to impairment write down....next quarter will be profit again.

Posted by jacklintan > 2016-05-31 11:13 | Report Abuse

Cutie: how do u mean impairment? Pls explain

Posted by nelayan > 2016-05-31 13:22 | Report Abuse

Cutie, they impair wat? asset, debtor??

Posted by Taugeh > 2016-06-02 16:17 | Report Abuse

The technical definition of impairment loss is a decrease in net carrying value, the acquisition cost minus depreciation, of an asset that is greater than the future undisclosed cash flow of the same asset

Posted by Taugeh > 2016-06-02 16:25 | Report Abuse

What is Impairment?
Assets are said to be impaired when their net carrying value, (acquisition cost - accumulated depreciation), is greater than the future undiscounted cash flow that these assets can provide and be disposed for.

Under U.S. GAAP impaired assets must be recognized once there is evidence of a lack of recoverability of the net carrying amount. Once impairment has been recognized it cannot be restored. Analysts must know that some foreign countries and the IASB allow companies to recognize increases in previously impaired assets.

Asset impairment occurs when there are:

Changes in regulation and business climate
Declines in usage rate
Technology changes
Forecasts of a significant decline in the long-term profitability of the asset
Once a company has determined that an asset is impaired, it can write down the asset or classify it as an asset for sale. Assets will be written down if the company keeps on using this asset. Write-downs are sometimes included as part of a restructuring cost. It is important to be able to distinguish asset write-downs, which are non-cash expenses, from cash expenses like severance packages.

Write-downs affect past reported income. The loss should be reported on the income statement before tax as a component of continuing operations. Generally impairment recognized for financial reporting is not deductible for tax purposes until the affected assets are disposed of. That said, in most cases recognition of an impairment leads to a deferred tax asset.

Impaired assets held for sale are assets that are no longer in use and are expected to be disposed of or abandoned. The disposition decision differs from a write-down because once a company classifies impaired assets as assets for sale or abandonment, it is actually severing these assets from assets of continuing operations as they are no longer expected to contribute to ongoing operations. This is the accounting impact: assets held for sales must be written down to fair value less the cost of selling them. These assets can no longer be depreciated.

Assets Impairment - Effects on Financial Statements and Ratios

Past income statements are not restated. The current income statement will include an impairment loss in income before tax from continuing operations. Net income will also be lower.
On the balance sheet, long-term assets are reduced by the impairment. A deferred-tax asset is created (if there was a deferred tax liability it is reduced). Stockholders' equity is reduced as a result of the impairment loss included in the income statement.
Current and future fixed-asset turnover will increase (lower fixed assets).
Since stockholders' equity will be lower, debt-to-equity will be lower.
Debt-to-assets will be higher.
Cash flow based ratios will remain unaffected (no cash implications).
Future net income will be higher as there will be lower asset value, and thus a smaller depreciation expense.
Future ROA and ROE will increase.
Past ratios that evaluated fixed assets and depreciation policy are distorted by impairment write-downs.


Read more: Asset Impairment - CFA Level 1 | Investopedia http://www.investopedia.com/exam-guide/cfa-level-1/assets/asset-impairment.asp#ixzz4APNp2GNX
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Posted by Taugeh > 2016-06-02 16:47 | Report Abuse

When Impairment Might Be Necessary?

The accounting rules suggest reviewing your company's fixed asset carrying values -- an asset's total cost minus accumulated depreciation -- for impairment whenever there's a change in circumstances that may impact the asset's useful life, current market value or salvage value. For example, suppose you spend $50,000 on a piece of manufacturing equipment that you expect to use for four years before selling it for $10,000. If the equipment becomes obsolete in the third year because of new technology or suffers damage that reduces its useful life, these issues indicate that reporting an impairment loss for the asset might be necessary.

Testing for Recoverability

You can only report an impairment loss on your financial statements when an asset's carrying value isn't recoverable. Carrying value isn't recoverable when it is more than the total amount of cash the asset will provide your business over the course of its useful life, such as the revenue you attribute to inventory that you can't manufacture without the equipment and its salvage value. Salvage value is the price you can sell an asset for at the end of its useful life.

Related Reading: How to Capitalize Sales Tax in a Journal Entry


How Much to Impair?

The impairment loss you report on company financial statements is calculated a bit differently than when you test for recoverability. Instead of subtracting future cash flows from the asset's carrying value, subtract its fair value to arrive at the impairment loss. Fair value is essentially the market price for the asset today, not at the end of its useful life. Therefore, if at the time of assessing your business assets for impairment, the carrying value of the equipment is $30,000 -- $50,000 minus $20,000 of accumulated depreciation taken -- but you could only sell it for $10,000, the result is a $20,000 impairment loss.

Reporting Impairments on Financial Statements
Two financial statements are impacted when taking an asset impairment loss. The loss is reported on the income statement in the same section where you report other operating income and expenses. An impairment loss ultimately reduces the profit your business reports for the period, but it has no immediate impact on the company's cash balance. You also write down the asset's carrying value that is reported on the balance sheet to the fair value you calculated. In other words, reduce the current carrying value by the impairment loss. Going forward, you'll adjust the amount of depreciation you take each year because prior depreciation was based on the asset's old carrying value.

Posted by nelayan > 2016-06-02 17:26 | Report Abuse

Taugeh..thank for your information..im just wan knw they impair wat??

Posted by whkwoon > 2016-06-02 18:34 | Report Abuse

Something not right impairment loss on trade receivable , questionable?

Posted by Taugeh > 2016-06-03 09:42 | Report Abuse

We should write to them and ask for details?

Posted by Taugeh > 2016-06-03 10:12 | Report Abuse

From aquisition perhaps

Posted by nelayan > 2016-06-03 10:14 | Report Abuse

1st year acquire already impair? they dint do due diligence ???

Posted by Taugeh > 2016-06-03 10:24 | Report Abuse

Looks like they take 'depreciation'as impairment loss?

Posted by nelayan > 2016-06-03 10:40 | Report Abuse

Deprecation stated at pages 3 of the QR report stated RM7.6M..

Posted by nelayan > 2016-06-03 10:42 | Report Abuse

if the finance head dunno what is call depreciation or impairment, he or she should be sack...

Posted by Taugeh > 2016-06-03 11:03 | Report Abuse

So, nelayan, could you please make the enquiry to find out what is the impairment about, I made some complaints the other days. They actually reply, of course, with several tries.

Posted by Taugeh > 2016-06-03 11:04 | Report Abuse

At least they replied

Posted by Taugeh > 2016-06-03 11:07 | Report Abuse

If you like, I can forward the letter to you, pls provide your email. Register a new one just for our correspondence of course

Posted by nelayan > 2016-06-03 12:11 | Report Abuse

thank....after register new email will post here..

Posted by jacklintan > 2016-06-08 19:17 | Report Abuse

Depreciation IS depreciation of asset value or as such. Impairment is more of LOSS incurred and required recovery. Any more news on this counter????

Posted by Beautiful Cloud > 2016-06-20 15:28 | Report Abuse

in fact depreciation and impairment not a real cash flow from company. should I buying at tis low price?

Posted by Taugeh > 2016-06-20 22:28 | Report Abuse

chance of a life time to earn 25 to 50 % in about. xx months

Posted by persie > 2016-06-21 10:43 | Report Abuse

All time low, Chance to grab at this low price.

Posted by kny123 > 2016-06-29 09:41 | Report Abuse

Still got money to subscribe dnexs right ?

Posted by lyk204 > 2016-06-30 00:55 | Report Abuse

Boey Tak Kong acquired censoft at 0.215cents in june2016...Whats' about ?

Posted by Brahims > 2016-07-09 10:36 | Report Abuse

Hmmm. lowest price in 52wks!!

Posted by jl88 > 2016-07-11 11:35 | Report Abuse

price lower than dnex even censof is holding dnex share

Posted by jl88 > 2016-07-12 16:22 | Report Abuse

low volume

Posted by 陈冠江 > 2016-07-14 12:14 | Report Abuse

i think is one day show only!

Posted by kny123 > 2016-07-14 12:46 | Report Abuse

I say few days show :p

Posted by jl88 > 2016-07-14 13:34 | Report Abuse

let's see

Posted by Beautiful Cloud > 2016-07-14 16:00 | Report Abuse

any news?

Posted by kny123 > 2016-07-14 19:39 | Report Abuse

Tmrow doji, vryone exit lol

Posted by tinyinvestor > 2016-07-14 23:26 | Report Abuse

come on move up faster....kasi goreng kuat2...

Posted by jl88 > 2016-07-15 12:19 | Report Abuse

powerful

Posted by jl88 > 2016-07-18 11:30 | Report Abuse

WB traded at higher volume

Posted by faralenz77 > 2016-07-19 18:48 | Report Abuse

Wb mati liao

Posted by Haha > 2016-07-20 10:18 | Report Abuse

why wb sell so huge...from yesterday...

Posted by hiccups > 2016-07-20 16:51 | Report Abuse

wb volume unusually high...doesn't look good

Posted by jacklintan > 2016-07-21 22:34 | Report Abuse

Can somebody explain what is going on with the wb please?

Posted by jacklintan > 2016-07-21 23:04 | Report Abuse

Mr. Boey Tak Kong was appointed as our Independent Non-Executive Director on 28 December 2010. He is the Chairman of the Remuneration and Nomination Committee and a member of the Audit Committee. He is a Fellow member of the Association of Chartered Certified Accountants, United Kingdom, Associate member of the Institute of Chartered Secretaries & Administrators, United Kingdom, Chartered Accountant of the Malaysian Institute of Accountants, Member of the Malaysian Institute of Management and Associate member of the Institute of Marketing Malaysia.

Boey’s broad-based experience and professional expertise spans over 23 years in senior management positions involving financial management, internal audit, corporate affairs and overseas business development with five (5) listed public companies with listing in Malaysia, Singapore, United Kingdom, New Zealand and Australia.

Presently, Boey is an approved trainer with Pembangunan Sumber Manusia Berhad and the Managing Director of Terus Mesra Sdn Bhd, a governance and leadership development training company.

Boey is also a Director of Dutch Lady Milk Industries Berhad, Green Packet Berhad, Gadang Holdings Berhad and Ho Hup Construction Company Berhad, all listed on Bursa Malaysia Securities Berhad.

Boey has not been convicted of any offence within the past ten years. Boey does not have any family relationship with any other Directors and/or major shareholders of the Company and has no conflict of interest with the company.

(The person who bought the recent shares are the company's Independant non-executive director of censof. )

Posted by jacklintan > 2016-07-21 23:05 | Report Abuse

If the internal person buying censof, what does it mean?

Posted by jacklintan > 2016-07-22 00:02 | Report Abuse

30 LARGEST SHAREHOLDERS AS AT 6 JULY 2015
No. SHAREHOLDER SHARES %
1 RHB NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR SAAS GLOBAL SDN BHD 173,000,000 35.55%
2 EXPEDIENT EQUITY VENTURES SDN BHD 10,000,188 2.05%
3 MAYBANK SECURITIES NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR MOHD IBRAHIM BIN MOHD ZAIN 8,749,032 1.80%
4 JF APEX NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR SATVINDER SINGH 7,000,000 1.44
5 HLIB NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR WONG FAI TAT 5,200,000 1.07%
6 TAN CHAI TAT 3,200,000 0.66%
7 PUBLIC NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR TEE KIM HEW 3,144,100 0.65%
8 JF APEX NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR KOH CHEE MENG 3,000,000 0.62%
9 AMBANK (M) BERHAD
PLEDGED SECURITIES ACCOUNT FOR WONG AH YONG 2,600,000 0.53%
10 CIMSEC NOMINEES (TEMPATAN) SDN BHD
CIMB BANK FOR WONG AH YONG 2,600,000 0.53%
11 ALLIANCEGROUP NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR TANG SZE CHEN 2,533,300 0.52%
12MAYBANK NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR SAAS GLOBAL SDN BHD FKA
CENSOF SDN BHD 2,500,000 0.51%
13 STELLA YAP YIAN CHIUN 1,950,000 0.40%
14 TAY KOO HUI 1,700,000 0.35%
15 MOHD IBRAHIM BIN MOHD ZAIN 1,600,000 0.33%
16 SJ SEC NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR SEO CHENG GAOK 1,220,000 0.25
17 NG KIM MOY 1,200,000 0.25%
18 CIMSEC NOMINEES (TEMPATAN) SDN BHD
CIMB BANK FOR TEOH EWE JIN 1,190,000 0.24%
19 PANG FOOK FOR 1,060,000 0.22%
20 PUBLIC NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR SIM LEONG THUN 1,020,000 0.21%
21 RHB CAPITAL NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR CHAN KAM FUT 1,000,000 0.21%
22 MAYBANK SECURITIES NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR ZULKIFLI BIN ISMAIL 1,000,000 0.21%
23 CIMSEC NOMINEES (TEMPATAN) SDN BHD
CIMB BANK FOR ERWIN SELVARAJAH A/L PETER SELVARAJAH
1,000,000 0.21%
24 KUANG KIM SOON 1,000,000 0.21%
25 CITIGROUP NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR RAMLEE BIN MOHD SHARIFF 969,432 0.20%
26 SINGAPORE ENTERPRISES PRIVATE LIMITED 962,900 0.20%
27 MALACCA EQUITY NOMINEES (TEMPATAN) SDN BHD
EXEMPT AN FOR PHILLIP CAPITAL MANAGEMENT SDN BHD 912,000 0.19%
28 CHEAH SEE HAN 910,000 0.19%
29 PUBLIC NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR SIEOW POH CHOO 890,000 0.18%
30 PUBLIC NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR SARAVANAN A/L RAMAN 807,000 0.17
TOTAL 243,917,952 50.12%
ANALYSIS OF SHAREHOLDINGS AS AT 6 JULY 2015

Posted by Haha > 2016-07-22 10:30 | Report Abuse

more volume more wave... 0.055 is a broken support level...

Posted by jl88 > 2016-07-26 16:29 | Report Abuse

mother share perform better now

Posted by Wong Yong Keong > 2016-07-26 17:25 | Report Abuse

tomorrow will in top 30 volume list

Posted by jacklintan > 2016-07-27 19:58 | Report Abuse

@Wong Yong Keong. By Friday only know what is going on.................(1000 miles it seems and feel)