Posted by Philip ( buy what you understand) > 3 weeks ago | Report Abuse

Next kids will complain why yinson give out dividends.

>>>>>
jjohnchew

Hoho why Yinson keep SBB le ?

Posted by Philip ( buy what you understand) > 3 weeks ago | Report Abuse

Lucky more first oil no more repeating first oil nonsense

Posted by jjohnchew > 3 weeks ago | Report Abuse

Hoho FPSO Atlanta First Oil is Delayed from May 2024 to end December 2024 …. How much is Revenue Loss !😱😱😱


Let’s do an illustration if Delayed A Day :

"In July 2023, Yinson Production exercised its option to purchase FPSO Atlanta, which includes a 15-year firm plus a five-year option contract for the supply, operations and maintenance with a total contract value of up to US$1.981 billion (US$1=RM4. 71),” it said in a joint statement.


USD 1.981 billion x 4.30 = RM 8.52 billion/ 15 years x 365 days

1st oil if delayed of 1 Day Shl incurred Revenue Loss = RM 1.56 million/ day

Another risk : Currency exchange rate USD to RM is dropped to 4.46 from 4.71 .

Posted by jjohnchew > 3 weeks ago | Report Abuse

Hoho No worries.. Jaks started give out Dividend after 10 years .. is DY 3.7 % .

Yinson : DY
2020 : 1.18 %

2021 : 1.11 %

2022 : 1.34 %

2023 : 0.83 %

2024 : 1.22 %


—

Posted by Philip ( buy what you understand) > 2 hours ago | Report Abuse

Next kids will complain why yinson give out dividends.

Posted by jjohnchew > 3 weeks ago | Report Abuse

Hoho the old kidd Serba Story Teller Buy What U not Understand why no facts n figures le .. only nonsense 🐍n 🐉story .

Like promoted Harta at Rm 5.80 on early 2022 … blowing knew the Product cost after visited the Plant wow , what a Nonsense le … I am debated against him that ASP shl be Bottoming after March 2022 …


Old Kidd no facts n figures to support Yinson ke …

Posted by Philip ( buy what you understand) > 3 hours ago | Report Abuse

Lucky more first oil no more repeating first oil nonsense

Posted by jjohnchew > 3 weeks ago | Report Abuse

Hoho Kidd no worries le … Since Insiders’ shares are in Pledge Accounts, shl keep SBB le … if Not will be Margin Call le …

Like yr case in Serba n the subsidiaries ke ??

As yr earlier Top 4 Screenshot total is ard 100 million… then u posted 59 million, increase from 27 million to 59 million.., yr reply is due to Margin …..

Posted by Vdhawan > 3 weeks ago | Report Abuse

Yinson Production, the offshore business arm of Yinson Holdings Bhd, has secured an 18-month extension for the bareboat charter contract of its floating production storage and offloading (FPSO) unit operating in offshore Vietnam.

Posted by jjohnchew > 3 weeks ago | Report Abuse

Hoho this one ke as posted earlier:

Yinson Production is pleased to announce the extension of the charter contract for FPSO PTSC Lam Son. In continuation of the existing bareboat charter, the contract has been extended for a firm period of 18 months starting from 1 January 2025 to 30 June 2026, with an automatic extension for an additional six months until 31 December 2026, subject to certain conditions. The value of the extension of the bareboat charter contract (including the extension period) is approximately USD 36.2 million, of which approximately USD 17.7 million is attributable to Yinson Production.

FPSO PTSC Lam Son is jointly owned by Yinson Production (49%) and PetroVietnam Technical Services Corporation (51%), through the joint venture PTSC Asia Pacific Pte. Ltd. The FPSO has been operating for PetroVietnam in Block 1-2/97 offshore Vietnam since 2014.

Posted by jjohnchew > 3 weeks ago | Report Abuse

The value of the extension of the bareboat charter contract (including the extension period) is approximately USD 36.2 million, of which approximately USD 17.7 million is attributable to Yinson Production.

Posted by jjohnchew > 3 weeks ago | Report Abuse

Hoho Kidd Serba Story Teller shl be getting madd n childish like in Jtiasa ke …if Yinson price is dropped below 2.68 …


Phillip .. Top 4 list screenshot ard March 2021

Yinson 5.35 After Bonus issue became 2.68

Note : April 2022 Bonus Issue 1 to 1 ….

Posted by Philip ( buy what you understand) > 3 weeks ago | Report Abuse

What revenue loss? The contract only starts after first oil. How to lose money if the contract only starts when oil is found

Posted by Philip ( buy what you understand) > 3 weeks ago | Report Abuse

So storyteller, tell me when your Jaks will pay out the dividend, which date will it do it and how it will actually pay the dividend ya?
Do you have any date for their dividend? Don't have? Why don't have? Running a scam to push dividend to next next year maybe so they can push share price up. Or transfer money to alp.

>>>>>
jjohnchew

Hoho No worries.. Jaks started give out Dividend after 10 years .. is DY

Only kids with no proficiency in investing actually look good at Jaks even after losing so much money

Posted by Philip ( buy what you understand) > 3 weeks ago | Report Abuse

Please tell more stories and make up more things. But do you dare take this bet?
Next quarter yinson earnings from maria quitera and Atlanta will be much much more than this quarter and more quarters to come. Do you dare take this bet?

If you lose please stay out of yinson thread forever. If you win I will apologize profusely to you and say you are hero investor.

Do you dare?

Posted by Huangbk72 > 3 weeks ago | Report Abuse

That useless Miketikus will not take up your bets

Many have been challenging him for years now and he prefer to bark from afar 😂

Unless, maybe perhaps he grow some balls in 2025 🤣

Posted by jjohnchew > 3 weeks ago | Report Abuse

Hoho kesian le old Kidd like getting madd n childish in Jtiasa … said did not hold any Jtiasa share wow …🤣

If FPSO Atlanta First oil on Time as initially is scheduled on May 2024 … No Delay to 31 st December 2024 .. Revenue is generated since May 2024 lo … kesian Betul ni ini old Kidd ….

Posted by Philip ( buy what you understand) > 25 minutes ago | Report Abuse

What revenue loss? The contract only starts after first oil. How to lose money if the contract only starts when oil is found

Posted by jjohnchew > 3 weeks ago | Report Abuse

Hoho Jaks :

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES

JAKS RESOURCES BERHAD (“JAKS” OR THE “COMPANY”) DIVIDEND REINVESTMENT PLAN APPLICABLE TO THE FIRST SINGLE-TIER INTERIM DIVIDEND OF 0.5 SEN PER SHARE FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2024 (“FIRST INTERIM DIVIDEND”) (“1st DRP”)
2025-01-02 - 5:27 pm

OTHERS

JAKS RESOURCES BERHAD (“JAKS” OR THE “COMPANY”) FIRST SINGLE-TIER INTERIM DIVIDEND FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2024
2024-12-30 -

Posted by JediMaster1 > 3 weeks ago | Report Abuse

Miketikus aka John is just a rat crossing the street that everyone wants to kill ! why wasted time challenge with the cross street rat 😂😂😂

Posted by JediMaster1 > 3 weeks ago | Report Abuse

Trash stock Jaks where got money to pay dividends they only have 3 mil at account ! Even pay salary they also headache to find money 😂😂

Posted by Holdom2040 > 3 weeks ago | Report Abuse

John, are u currently shorting Yinson? or u holding Yinson?

Posted by JediMaster1 > 3 weeks ago | Report Abuse

Miketikus aka John didn’t holding any single of Yinson share he only holding junk stock Jaks and bought at 0.32 he is here coz too free he like to find enemy every way 😂😂😂

Posted by Holdom2040 > 3 weeks ago | Report Abuse

Yeah, it is a rhetorical question.

Posted by jjohnchew > 3 weeks ago | Report Abuse

Hoho Recap on illustration case study :

QR October 2024 :

Non current contract asset : RM 4,754 m

Current contract asset : RM 634 m


👉Total Contract asset = RM 5,388 m

Total Loans n Borrowings = RM 19,373 m


👉The 3 units FPSO illustrated Debt Financing =. RM 12,400 million.


Non current Finance lease receivable = RM 14,520 million

Current Finance lease receivable = RM 240 million

👉> Total Finance lease receivable = RM 14,760 million 🤔 ( Assumption with Charter Contract 15 years + 5 years) .


Summary illustration:

👉Total Loans n Borrowings - Total Contract asset = RM 13,985 m

👉👉 Total Loans n Borrowings - Total Contract asset - Total Finance lease receivables = - 775 million ( ie : Profit RM 775 million over Charter Contract 15 years + 5 years , with assumption that at the End of the Charter Contract, Total Contract asset = RM 5,388 m , the reality is it shl be reducing over years ) .

👉👉👉 Hoho TinKosongLeader Kon ss leee if illustration taking D&A 4% per year …..Total Contract Asset after 15 years + 5 years =. RM 1,078 m …. That means a critical hidden risk on :

😱 A.) Total Finance lease receivables unable to cover Total Loans n Borrowings as the illustration is with assumptions:

> did not include Interest Rate per year

> Total contract asset is No D&A .

B ) Total Finance lease receivables did not include Fpso Agogo charter contract USD 5.4 billion ( First Oil by early 2026 ) .

> Taking gross profit 40 % , ie … Shl be continue …..

Posted by jjohnchew > 3 weeks ago | Report Abuse

Hoho no worries.. as said EPF n KWAP Fund Managers are Rotating yummy yummy either Price Up or Down with Yinson keep SBB …

Posted by jjohnchew > 3 weeks ago | Report Abuse

Hoho JeDiMaster id :

1.) Lambo is delisted on October 2024 : use Alibaba/ YongKimFool / JeDi1985 as Promoter …

2.) Netx : used Scenery as Negative commentator…..

Posted by jjohnchew > 3 weeks ago | Report Abuse

Hoho they have their Fund Managers on Price Up and Price Down.. both way also yummy yummy ..

Posted by jjohnchew > 16 minutes ago | Report Abuse

Hoho no worries.. as said EPF n KWAP Fund Managers are Rotating yummy yummy either Price Up or Down with Yinson keep SBB …

Posted by jjohnchew > 3 weeks ago | Report Abuse

Hoho Repost :

Hoho Yinson working Capital is only Last for 7 months … need to Refinancing ke like sold FPSO Anna Nery 11.8 % equity :

Where as Jaks working Capital is always can Last for 12 months : Current Ratio 1.04


>>>

Yinson :

Price : RM 2.64
NTA : RM 1.77

EPS 27.58 sen
Trailing PE (Sector Median: 9.7) 9.5
Current Ratio 0.64
Debt-Equity (DE) Ratio 2.27
FCF Yield -10.58 %
Revenue QoQ -13.49 %
Revenue YoY -34.13%
Profit QoQ -1.48 %
Profit YoY -19.35 %


Jaks :

Price : RM 0.135
NTA : RM 0.60

EPS 0.71 sen
Trailing PE (Sector Median: 21.5) 18.2
Current Ratio 1.04
Debt-Equity (DE) Ratio 0.64
FCF Yield 0.81 %
Revenue QoQ 7.74 %
Revenue YoY 41.26%
Profit QoQ 167.57 %
Profit YoY 215.31 %

—-

Posted by JediMaster1 > 2 hours ago | Report Abuse

Miketikus aka John didn’t holding any single of Yinson share he only holding junk stock Jaks and bought at 0.32 he is here coz too free he like to find enemy every way 😂😂😂

Posted by jjohnchew > 3 weeks ago | Report Abuse

Hoho so fast ke oredi deleted her post …🤣

👉👉👉Hoho KonFoxy aka Demusang aka 123theman aka Musang King aka stockgal, Loss Naked in Fintec …Best in Twisting without facts n figures …will delete own posts….beware ..


Hoho no wander lo .. FoxyLadyy


MrFox
MrFox | Joined since 2019-02-13

musangfoxking
musangfoxking | Joined since 2014-09-10

stockgal
fatfat | Joined since 2012-10-16


Hoho KonFoxy loss naked in Fintec
>>> Netx — Fintec( mother ) — Adamas HK stock / Nasdaq ( Grandma , Loss in HK Well known restaurant bond n a China mines company bond ).


“ Words of Wisdom “ 🤥🤣🤣🤣

Fintec >>>

2017 : share consolidation 3 into 1

2017 : RI

Nov 2020 : RI at RM 0.08

Apr 2024 : share consolidation 30 into 1


—-

Posted by jjohnchew > 3 weeks ago | Report Abuse

Hoho chamloh … Finance Costs :

QR October 2024 RM 443 million

QR October 2023 RM 244 million..


Total Finance lease receivables Cukup bayar tak ???😱🤔

Posted by jjohnchew > 3 weeks ago | Report Abuse

Hoho ss lee yr predictions on Jaks may be happen on Yinson le :

1.) Insider kena Margin Call ?

2.) bankruptcy ??

Posted by Sslee > 3 weeks ago | Report Abuse

The total assets in the financial BS as at Dec 2024 will generate the below revenue and that revenue will be used for working capital, loan repayment, interest payment, SBB, dividend payment and etc)
Can you understand donkey!

You can even work out the yearly revenue from Yinson Dec 24 corporate presentation

Repost:

From Yinson Dec 24 corporate presentation
FSPO contract backlog of USD 21.9 billion until 2048

Solar power plant forecasted revenue of USD 1 billion until 2054(1) underpinned by long-term PPAs

Posted by Sslee > 3 weeks ago | Report Abuse

Repost:
Just a simple summary:
EBITDA is expected to reach about USD 1 billion annually from 2026.

Free cash flow after repaying debt and interest to reach USD 200 – USD 300 million annually from 2026 onwards, based on today’s interest rates

And if interest rate drop then FCF will be more.

Posted by jjohnchew > 3 weeks ago | Report Abuse

Hoho TinKosongLeader Konsslee why give yr gang so many names le :

1.) donkey
2.) Dumbasxxx
3.) low iq le …..

Posted by jjohnchew > 3 weeks ago | Report Abuse

Summary illustration:

👉Total Loans n Borrowings - Total Contract asset = RM 13,985 m

👉👉 Total Loans n Borrowings - Total Contract asset - Total Finance lease receivables = - 775 million ( ie : Profit RM 775 million over Charter Contract 15 years + 5 years , with assumption that at the End of the Charter Contract, Total Contract asset = RM 5,388 m , the reality is it shl be reducing over years ) .

👉👉👉 Hoho TinKosongLeader Kon ss leee if illustration taking D&A 4% per year …..Total Contract Asset after 15 years + 5 years =. RM 1,078 m …. That means a critical hidden risk on :

😱 A.) Total Finance lease receivables unable to cover Total Loans n Borrowings as the illustration is with assumptions:

> did not include Interest Rate per year

> Total contract asset is No D&A .

B ) Total Finance lease receivables did not include Fpso Agogo charter contract USD 5.4 billion ( First Oil by early 2026 ) .

> Taking gross profit 40 % , ie … Shl be continue …..

Continue…

> Gross profit 40 % =. RM 9.7 billion - 4.3 billion =RM 5.4 billion …

👉Assumption: Taking interest rate 9 % , ( FY2024 Annual Report , USD Loans interest rate is 12 % and 13.88 % )

Total Loans n Borrowings = RM 19,373 m x 0.09 = RM 1.74 billion

Compared to QR October 2024 , Finance Cost = RM 0.443 billion x 4 = RM 1.77 billion .

Posted by jjohnchew > 3 weeks ago | Report Abuse

Hoho as posted earlier Solar RE electricity projects like LSS5 2000MW EPCC RM 7.2 billion… IRR is getting Low n Lower with single low digit … Shl tied up investment Capital for Yearssss…unless is 100 % Financing…

See Jaks , Solarvest, Sunview and Gading Kencana are Not shortlisted on current LSS5 ….These 4 companies r the LSS4 n CGPP Solar RE Winners ….
Solarvest play as EPC role as well in LSS4 , not only EPCC … taken EPC construction contract …

—-

Posted by Sslee > 45 minutes ago | Report Abuse

The total assets in the financial BS as at Dec 2024 will generate the below revenue and that revenue will be used for working capital, loan repayment, interest payment, SBB, dividend payment and etc)
Can you understand donkey!

You can even work out the yearly revenue from Yinson Dec 24 corporate presentation

Repost:

From Yinson Dec 24 corporate presentation
FSPO contract backlog of USD 21.9 billion until 2048

Solar power plant forecasted revenue of USD 1 billion until 2054(1) underpinned by long-term PPAs

Posted by jjohnchew > 3 weeks ago | Report Abuse

Jaks LSS4 50MW RE Solar in Penang :
which is the asset owner of the solar farm .. is COD on August 2023 with TNB 25 years PPA …. CAPEX is RM 200 million:


>QR ended March 2024 :

👉Revenue: 5.3 Million , Profit RM 0.96 Million … 18.11 %


>QR ended June 2024 :

👉 Revenue : 4.8 million, Profit RM 0.4 million.. 8.33 %


>QR ended September 2024 :

👉 Revenue : 4.7 million, Profit RM 0.3 million.. 6.38 %


👉👉 Average Profit % for 9 months of 2024 is 10.94 %

-

👉👉 Average Profit % for Half year 2024 is 13.22 % … compared to Yinson Half year ( February to July 2024 ) FY2025 is 13.85 % ( RE in India )

Posted by Sslee > 3 weeks ago | Report Abuse

A donkey will still be a donkey no matter how you want to teach him some very basic finance.

Did the donkey know what is jaks revenue? From that revenue can jaks pay bank interest, bank borrowing, working capital, dividend and etc?

Maybe everyone should tell that donkey jaks is a good buy so that he can/will buy more.

But then again who know maybe he also do not owned any jak shares. He just likes to kaki kong, kaki song.

Posted by jjohnchew > 3 weeks ago | Report Abuse

Yinson :

QR ended July 2024 :

Segment information : RM million

> For the 6 months period ended July 2024 :

1.) Renewable : Gross Revenue 66 million- Elimination 1 million = 65 million

Results : + 9 million.


2.) Green Technology: Gross Revenue 26 million- Elimination 19 million = 7 million

Results: - 22 million


3.) Other Operations : Gross Revenue 459 million- Elimination 458 million = 1 million

Results: - 47 million


👉4.) FPSO Operations: Gross Revenue 2904 million- Elimination 1521 million = 1303 million

Results: + 810 million

Posted by jjohnchew > 3 weeks ago | Report Abuse

Yinson :

QR ended July 2024 :

Segment information : RM million

> For the 6 months period ended July 2024 :

1.) Renewable : Gross Revenue 66 million- Elimination 1 million = 65 million

Results : + 9 million.

Posted by jjohnchew > 3 weeks ago | Report Abuse

Hoho wow became DonkeyyLee ke .. did not understand anymore on Subsidiary n Associate company contributions… still did not learn le ..

Jaks is followed IFRS where as Yinson did not follow….


—-

Posted by Sslee > 4 minutes ago | Report Abuse

A donkey will still be a donkey no matter how you want to teach him some very basic finance.

Did the donkey know what is jaks revenue? From that revenue can jaks pay bank interest, bank borrowing, working capital, dividend and etc?

Maybe everyone should tell that donkey jaks is a good buy so that he can/will buy more.

But then again who know maybe he also do not owned any jak shares. He just likes to kaki kong, kaki song.

Posted by jjohnchew > 3 weeks ago | Report Abuse

>>> This is so that Yinson’s investors can have a better understanding of how the accounts will look from a finance lease and operating lease perspective.

IFRS is still what Yinson is required to follow. Even though presenting the operating lease numbers is not in line with IFRS, it is something that Yinson will look at doing better to explain its numbers in the next financial year.

Posted by jjohnchew > 3 weeks ago | Report Abuse

Hoho DonkeyykonLee why so jealous liaw le .. u oredi jealous until told lies on yr First n Only Win on Insas WC RM 250,000 since investing from 2016 to 2023 … then told Lies again on yr Win on MMC RM 180,000 which u thanks me on highlighted MMC in Insas forum … what a donkeyy le ..🤣🤣🤣🤫

Posted by jjohnchew > 3 weeks ago | Report Abuse

Jaks Annual Revenue and Net Profit / ( Loss ) :


1.) FYE2020 : RM 259.4 million with Loss ( RM 80.5 Million. )


2.) FYE2021 : RM 109.7 million with Net Profit RM 51.9 million. ( Vietnam Joint Venture Power Plant 1200 MW with EPCC RM 8.7 billion is COD on January 2021 )


3.) FYE 2022 : RM 89.8 million with Net Profit RM 53.5 million.


4.) FYE 2023 : Rm 37.787 million with Net Profit RM 15.527 million..


5.) FYE 2024 :

>> 👉1QR : RM 14.2 million with Net Profit RM 12.4 million.

>> 👉2QR : RM 13.1 million with Net Profit RM 8.4 million.

>>👉3QR : RM 14.1 million with Net Profit RM 22.5 million.


( Note : Vietnam Power Plant Joint venture company is 30 % .. an associate company) .

Posted by jjohnchew > 3 weeks ago | Report Abuse

👉Hoho this is very very interesting le … FPSO Agogo charter contract Profit can Last for how many years???? :

Finance Cost :

FY2024 AR : RM 963 million

FY2023 AR : RM 577 million

👉Question: After deeply depends on FPSO Agogo First Oil by early 2026 … Shl be critically depends on Next FPSO First Oil for sustainability… 😱😱🤫

If Not … TinKosongLeader Kon ss lee Yinson going to be insolvency ke …😱🤫

Posted by jjohnchew > 3 weeks ago | Report Abuse

Hoho meaning only come back look at this counter on 2048 ke ….

Posted by Sslee > 8 hours ago | Report Abuse

The total assets in the financial BS as at Dec 2024 will generate the below revenue and that revenue will be used for working capital, loan repayment, interest payment, SBB, dividend payment and etc)
Can you understand donkey!

You can even work out the yearly revenue from Yinson Dec 24 corporate presentation

Repost:

From Yinson Dec 24 corporate presentation
FSPO contract backlog of USD 21.9 billion until 2048

Solar power plant forecasted revenue of USD 1 billion until 2054(1) underpinned by long-term PPAs

Posted by jjohnchew > 3 weeks ago | Report Abuse

Hoho TinKosonggang Je-DieMaster no facts n figures ke .. promoted Lambo with many aka id since 2020 until is Delisted on October 2024 .. kesian le ..


Repost :

Hoho Yinson working Capital is only Last for 7 months … need to Refinancing ke like sold FPSO Anna Nery 11.8 % equity :

Where as Jaks working Capital is always can Last for 12 months : Current Ratio 1.04


>>>

Yinson :

Price : RM 2.64
NTA : RM 1.77

EPS 27.58 sen
Trailing PE (Sector Median: 9.7) 9.5
Current Ratio 0.64
Debt-Equity (DE) Ratio 2.27
FCF Yield -10.58 %
Revenue QoQ -13.49 %
Revenue YoY -34.13%
Profit QoQ -1.48 %
Profit YoY -19.35 %


Jaks :

Price : RM 0.135
NTA : RM 0.60

EPS 0.71 sen
Trailing PE (Sector Median: 21.5) 18.2
Current Ratio 1.04
Debt-Equity (DE) Ratio 0.64
FCF Yield 0.81 %
Revenue QoQ 7.74 %
Revenue YoY 41.26%
Profit QoQ 167.57 %
Profit YoY 215.31 %

Posted by jjohnchew > 3 weeks ago | Report Abuse

Hoho see those posts on Current Ratio earlier …TinKosongLeader Kon ss lee even did not understand le ..🤣🤣🤣🤫

Posted by jjohnchew > 3 weeks ago | Report Abuse

Hoho why is TinKosongGang le … oh figures in Million converted to Billion is Wrong … even cannot learn after few posts …🤣🤣🤣🤫

—
Posted by JediMaster1 > 4 hours ago | Report Abuse

The person claimed that have 13 id in i3 and 4 is suspended !!!

Posted by Holdom2040 > 3 weeks ago | Report Abuse

The pace of (contract assets + financial lease receivable) (current and non-current) are currently increasing at the same rate as increasing of total loan/borrowing.

The management has been saying multiple times "The strong focus on deliveries will also mean giving big investments a break until these deliverables are met and the start of the cash flows are seen."

in the near future when total contract asset convert to financial lease receivable convert to finance lease payment. Plus, the slow down of loan borrowing and finance lease payment >>> finance cost paid. this will be the start of free cash flow

Posted by Holdom2040 > 3 weeks ago | Report Abuse

the finance payment received has been steadily rising at the same time as finance cost

04/2022: finance lease payment 107mil vs finance cost 111mil
07/2022: 134mil vs 133mil
10/2022: 101m vs 161m
01/2023: 151m vs 172m
04/2023: 95m vs 201m (Anna Nery first oil May)
07/2023: 218m vs 202m
10/2023: 318m vs 244m
01/2024: 295m vs 316m
04/2024: 355m vs 372m
07/2024: 319m vs 445m
10/2023: 316m vs 443m (Maria Q first oil early Oct)

Posted by Holdom2040 > 3 weeks ago | Report Abuse

A = noncurrent (finance lease receivable+contract assets) + current (finance lease receivable+trade,other receivable+current contract)
B (debt) = noncurrent loan & borrowing + current loan & borrowing + current trade n payable

Quarter of year = A vs B
Q42022 (ending Jan2023): 11240m vs 10874m
Q12023: 13003m vs 12591m
Q22023: 14859m vs 13756m
Q32023: 17194m vs 17550m
Q42023: 18992m vs 19228m
Q12024: 20291m vs 19063m
Q22024: 21082m vs 21726m
Q32024: 20978m vs 21007m

Can see that the total (current/non current financial lease receiveable + contract asset) is increasing as the same pace as the total (current & non-current liability)


The cost to build is incurred first. the amount loan n borrowing should peak first before the payment catch up, and eventually outrun.

Waiting for the financial lease payment to outrun the finance cost in the future when FPSO Atlanta contribute + FPSO Agogo contribution. and decreasing loan & borrowing