AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

ACBT Annual Report 2017

Apr 18, 2018

52387_rns_2018-04-18_dec78c90-f29a-4717-b1ed-08e36b592b6e.pdf

Annual Report

Open in viewer

Opens in your device viewer

Stock Code : 4148

All Cosmos Bio-Tech Holding Corporation

w w w . a l l c o s m o s . c o m

Disclaimer

These presentations and discussions contain certain forward-looking statements with respects to the results of operation, financial condition and current expectation about future events. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future.

We undertake no obligation to publicly update or revise any forward looking statements whether as a result of new information, future events or otherwise. The actual result could differ materially from those anticipated in these forward looking statements.

全宇生技

ALL COSMOS BIO-TECH

Holding Corporation AgriCultural Innovation

Outline

Item	2017	%	2016		Increase/(Decrease)
	(NT\$ million)		(NT\$ million)	%	Amount	%
Net Sales	2,264	100	2,065	100	199	9.6
COGS	(1,512)	(67)	(1,410)	(68)	102	7.2
Gross Profit	752	33	655	32	97	14.8
Operating Expenses	(345)	(15)	(331)	(16)	14	4.2
Operating Income	407	18	324	16	83	25.6
Other Income/Expenses	0.2	-	6	-	(6)	(96.7)
Profit Before Tax	407	18	330	16	77	23.3
Taxation	(11)	(1)	(38)	(2)	(27)	(71.1)
Non Controlling Interest	(74)	(3)	(49)	(2)	25	51.0
Profit After Tax	322	14	243	12	79	32.5
EPS (NT\$)	5.31		4.30

Item	2017.12.31 (NT\$ million)	2016.12.31 (NT\$ million)	YoY (\$)
Cash & Financial asset	1,017	717	300
Accounts Receivable	549	382	167
Inventory	248	235	13
Accounts Payable	40	44	(4)
Short-term loan	83	309	(226)
Long-term Loan	45	66	(21)
Liabilities	343	556	(213)
Total Assets	2,688	2,113	575
Equity	2,345	1,557	788
Days of AR Turnover	72.4	85.3	(13)
Days of Inventory Turnover	56.7	62.1	(5)
Days of AP outstanding	9.9	15.9	(6)
Cash Conversion Cycle(day)	119.2	131.5	(12)
Debt Ratio	12.7%	26.3%	(14%)
ROE	24.2%	21.7%	3%
Book Value/Share	38.6	27.6	11

Item	2017 (NT\$ million)	2016 (NT\$ million)	YoY(\$)
From Operating Activities	176	507	(331)
Profit Before Tax	407	330	77
Deprecation	40	53	(13)
Costs for Employee Stock Options	6	-	6
Other Income/Expenses	(16)	11	(27)
Net Changes in Operating assets and liabilities	(231)	136	(367)
Finance Costs and Taxation Paid	(30)	(23)	(7)
From Investing Activities	13	38	(25)
Net changes in Capital Expenditures-PPE & Software	(29)	(9)	(20)
Net changes in Other Financial Assets	41	60	(19)
Net changes in Refundable Deposits & Others	1	(13)	14
From Financing Activities	83	(369)	452
Net Changes in Debt	(236)	(313)	77
Cash Dividends	(121)	(56)	(65)
New Issue Capital	440	-	440
Exchange Rate Influence	29	(46)	75
Net Changes in Cash	301	130	171
Opening Cash Balance	693	563	130
Closing Cash Balance	994	693	301

Oil Palm Planted Area	Year 2011	Year 2012	Year 2013	Year 2014
MALAYSIA	6,887,784	6,956,821	7,092,940	7,284,631
INDONESIA	5,000,109	5,076,929	5,229,739	5,392,235

Company	Production (metric tonnes)	Oil palm planted area (hectares)
Felda Global Ventures	3,091,262	730,557
Sime Darby Plantation	2,442,418	603,254
Golden Agri Resources Ltd	2,380,047	971,212
PT Astra Agro Lestari Tbk	1,539,000	138,942
Wilmar Group	1,517,472	240,956
Kuala Lumpur Kepong Bhd	1,060,442	211,574
IndoAgri Resources	1,002,000	246,359
PT Smart Agri Business and Food	740,197	278,610
IOI Group	697,334	179,271
First Resources	687,248	207,575
Musim Mas Group	619,000	12,128
PT Perkebunan Nusantara IV (PERSERO)	476,646	145,000
London Sumatra	475,708	114,107
Cargill	399,866	50,972

Government Authority	Collaboration Project
Rubber Industry Small Development Authority (RISDA)	▪ Collaborate with RISDA to convert Empty Fruit Bunches (EFB) into high quality compost and further value added with nutrient provision microbes and bio-control microbes in combating Ganoderma and white root disease.
Malaysian Palm Oil Board (MPOB)	▪ ACI and MPOB jointly developed 3 in 1 Biochemical Compound fertilizer MPOB F4, MPOB F4 Premium and GanoEF (Control and Prevent Ganoderma disease in oil palm)
Malaysian Agricultural Research and Development Institute (MARDI)	▪ Developing Disease Control Function Fertilizer to reduce usage of pesticide.
Malaysian Rubber Board	▪ Developing bio-agricultural product for Rubber
Universities (UPM, UTM, UiTM, Taiwan National Chung Hsing University)	▪ Long-term R&D Collaboration to Enhance and improve the quality of products. This Collaboration not only educates the next generation, but also bring benefits to the farmer, as well as contribute to the community.

Product	Completion year	Description
GANO EF	2012	➢ Jointly developed by ACI and Malaysian Palm Oil Board ➢ Hendersonia (endophytic fungus) able to control and prevent spreading of Ganoderma disease
Asacan	2013	➢ ACI product to target total soluble fertilizer market ➢ High NPK ratio product produced by low temperature granulation technique and formed without addition of binder
MPB 15-5-14	2014	➢ Compound fertilizer formulated for pepper plant in collaboration with Malaysian Pepper Board (MPB) ➢ Contains beneficial microorganism to provide necessary nutrients to pepper plant
MPOB F4 Premium	2014	➢ Jointly developed by ACI and Malaysian Palm Oil Board ➢ Specific fertilizer to increase oil palm yield in Sabah and Sarawak soil condition
Tricho Acti Plus	2015	➢ Contains endophytic Trichoderma which is effective in controlling fungal diseases ➢ Suitable for oil palm, rubber, banana and other cash crops
K-Neutralizer	2017	➢ German technology to developed soil conditional , effectively increase Soil pH, with supplement nutrient of K20 and TE. ➢ Suitable for oil palm, rubber, banana and other cash crops

R&D Project	Description
4 in 1 Phage Fertilizer	To control bacterial wilt disease on crops caused by Ralstonia bacteria, typically on chili, tomato, banana, ginger and potato.
N-fixer fertilizer for paddy and leafy vegetable	High N-fixing bacteria group able to promote growth of paddy and other short term crops, reduces N chemical fertilizers usage and help in oil palm seed growth in early stage.
4in1 white root disease control fertilizer	Incorporation of Trichoderma into fertilizer helps to control white root disease on rubber trees (Rigidoporus lignosus), and provide essential nutrients for plant growth.
Bio-Composting of Oil Palm by-products	Uses of microbes mixture to catalyst the composting process of Oil palm Empty fruit bunches (EFB) and other organic material, and convert the waste of palm oil extraction process into high quality organic fertilizer
Conversion of Cellulosic Biomass to Second Generation Sugar	Using Ionic Solution Hydrolysis Technology to convert Cellulosic Biomass, such as EPB to Glucose, Xylose and amino acids

AI assistant

ACBT — Annual Report 2017

52387_rns_2018-04-18_dec78c90-f29a-4717-b1ed-08e36b592b6e.pdf

Stock Code : 4148

All Cosmos Bio-Tech Holding Corporation

Disclaimer

全宇生技

ALL COSMOS BIO-TECH

Outline

1. 2017 Annual Report

Consolidated Income Statement

Consolidated Balance Sheet

Consolidated Cash Flows

2. Company Profile

Company Introduction

Group Structure

Principal Business Plant

Types of Fertilizers

Main Products

Bio Chemical Compound Fertilizer with Combination of Chemicals, Organic matter and Microorganisms

Operational Overview

Main Market:

Major Customer

4. Industry Overview

Oil Palm - The Most Productive Oil Crop

Oil Palm Fruit Introduction

Top 10 Palm Oil Producers by Country 2016

Major plantations in Malaysia and Indonesia 2017

Various Problems In Oil Palm

Ganoderma Disease

Ganoderma Disease Prevention

Sustainable Waste Management

Oil Palm Waste - Empty Fruit Bunch

Malaysia Oil Mill Map

Malaysia has a total of 438 Palm Oil Mill, all over the 12 states West Malaysia: 243 East Malaysia: 195

Palm Oil Mill Material Flowchart

Action Plan 2017 – 2019 : 7 mills

R&D Collaboration

R&D Outcome

R&D Plan

Short, Mid, Long-term Plan

Conclusion

2018

More from ACBT

ACBT Annual Report 2017