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Asia Media Group Berhad
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Annual Report 2015
Notes to the Financial Statements
(continued)
pg.
119
26. Capital management
The primary objective of the Group’s and the Company’s capital management is to ensure that
they maintain a strong credit rating and healthy capital ratios in order to support their business
and maximise shareholders’ value.
The Group and Company manage their capital structure and make adjustments to it, in light
of changes in economic conditions. To maintain or adjust the capital structure, the Group and
Company may adjust the dividend payment to shareholders, return capital to shareholders or
issue new shares. No changes were made in the objectives, policies or processes during the
years ended 31 December 2015 and 31 December 2014.
The Group and the Company are not subject to any externally imposed capital requirements.
The Group and the Company monitor capital using the net gearing ratio, which is net debt (or
net cash) divided by equity attributable to owners of the parent. The Group’s and Company’s
policy is to keep the Group and Company’s net gearing ratio at a level deemed appropriate
considering business, economic and investment conditions.
Group
2015
2014
Note
RM
RM
Short term borrowings
15 1,500,000 1,500,000
Less: Deposits, cash and bank balances
11 (13,431,852) (16,444,140)
Net cash
(11,931,852) (14,944,140)
Equity attributable to owners of the Company
32,942,564 138,526,109
Net cash
Net cash Net cash