Genting Group Financial Management

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A coursework completed as part of the requirement for

SUBJECT NAME: FINANCIAL MANAGEMENT

SUBJECT CODE: BB212

LECTURER:  Asst. Prof. Dr. Chue Wen Yeen

Submitted on

DATE OF SUBMISSION: 1-7-2016

Produced by

STUDENT NAME & ID: FASIH ASIF (1001335681)

1.      Introduction (6 marks)

Genting Berhad is holding organization of the Genting Group and one of Asia's driving and best-overseen multinational organizations. The Genting Group is driven by Tan Sri Lim Kok Thay, a visionary business person who has set up Resorts World marked properties in numerous nations, for example, Malaysia, Singapore, USA, UK, Philippines, and South Korea. Moreover, leading worldwide interest in oil palm ranches, power era, oil and gas, property advancement, voyage, biotechnology and different businesses.

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Resorts World Sdn Bhd, a privately owned business restricted by shares (Co. number 58019-U), was consolidated on 7 May 1980 under the Companies Act 1965. Upon transformation into an open organization in 1989, its name was changed to Resorts World Bhd (1989 - 2009), and accordingly Genting Malaysia Berhad ("Genting Malaysia").

In 1989, Genting Berhad and Genting Malaysia experienced a rebuilding activity, which brought about Genting Malaysia getting from Genting Berhad its whole gaming, inn and resort-related operations, comprehensive of goodwill and other pertinent resources. GENM's shares have been exchanged on the Main Market of Bursa Malaysia since its posting on 22 December 1989.

Genting Malaysia has been basically included in the recreation and cordiality business covering amusement parks, gaming, inns, shoreline resorts and excitement for more than 45 years. Its Genting Rewards Card unwaveringness program in Malaysia needs to-date accumulated a taking after of 3.6 million individuals. Resorts World Genting, a head incorporated family relaxation and excitement resort sited at the crest of Genting Highlands, invites roughly 20 million appearances every year and is a noteworthy traveler destination of decision in Malaysia.

2: Financial and non-financial Performance

INCOME STATEMENTS For the Financial Year Ended 31 December 2012,2013 and 2014

Currency in Millions of Malaysian Ringgits

Group Company Note(s)                                                       2014                    2013                    2012

Revenue                                                                                          8,229.4                8,327.5                7,892.9

Cost of sales                                                                                    (5,823.4)               (5,527.2)             (5,203.9)