Financial Year Ended 31 December 2019 2018 2017 2016
  12 months
(Audited)
12 months
(Audited)
12 months
(Audited)
12 months
(Audited)
Key Financials
Revenue (RM'000) 80,031 45,091 20,874 9,578
Gross Profit/Loss (GP/GL) (RM'000) 20,674 10,932 4,918 (348)
Profit/Loss Before Taxation (PBT/LBT )(1) (RM'000) 11,283 5,157 594 (4,114)
Profit/Loss After Taxation (PAT/LAT) From Continuing Operations (1) (RM'000) 9,713 3,858 316 (4,355)
PAT/LAT Attributable to Owners of The Group (PATMI/LATMI) - From Continuing Operations (1) (RM'000) 9,678 4,011 316 (4,183)
PAT/LAT Attributable to Owners of The Group (PATMI/LATMI) - From Discontinued Operations (RM'000) - (756) 700 509
Total Assets (RM'000) 80,303 37,644 29,277 27,707
Total Equity (RM'000) 30,773 21,061 17,916 16,840
 
Key Ratios
GP/GL Margin (%) 25.83 24.24 23.56 (3.63)
PBT/LBT Margin (%) 14.10 11.44 2.85 (42.95)
PATMI/LATMI Margin - Continuing Operations (2) (%) 12.09 8.90 1.51 (43.67)
PATMI/LATMI Margin - Discontinued Operations (3) (%) - (1.68) 3.35 5.31
Gross EPS/LPS (4) (sen) 4.95 2.26 0.26 (1.81)
Net EPS/LPS - Continuing Operations (5) (sen) 4.25 1.76 0.14 (1.84)
Net EPS/LPS - Discontinued Operations (6) (sen) - (0.33) 0.31 0.22
Diluted Net EPS/LPS - Continuing Operations (7) (sen) 3.40 1.41 0.11 (1.47)
Diluted Net EPS/LPS - Discontinued Operations (8) (sen) - (0.27) 0.25 0.18
Net Assets Per Share (9) (RM) 0.14 0.09 0.08 0.07
Average Trade Receivables Turnover (10) (days) 75 80 106 323
Average Trade Payables Turnover (11) (days) 54 58 68 275
Average Inventory Turnover (12) (days) 149 141 154 153
Current Ratio (13) (times) 1.24 2.13 2.56 2.70
Gearing Ratio (14) (times) 0.37 0.29 0.36 0.38

Notes:

(1) Our losses recorded for the Financial Year Ended (FYE) 2016 were mainly attributed to Amsito Oilwell Services (Malaysia) Sdn Bhd (Amsito). The revenue generated by Amsito was insufficient to support its direct operational expenses mainly comprised depreciation of wireline equipment, direct labour costs and rental of equipment during the FYE 2016. In addition, our overall Group revenue for the FYE 2016 was adversely affected by the decline in global crude oil prices during the year, which resulted in lower Oil & Gas industry activities in the upstream sector.
(2) The PATMI/LATMI margin from continuing operations is calculated based on PAT/LAT attributable to the owners of our Company from continuing operations divided by the revenue.
(3) The PATMI/LATMI margin from discontinued operations is calculated based on PAT/LAT attributable to the owners of our Company from discontinued operations divided by the revenue.
(4) The gross EPS is calculated based on PBT of our Company divided by the issued share capital of 227,874,000 Shares after the Subdivision, Acquisitions and Transfer.
(5) The net EPS/LPS from continuing operations is calculated based on PAT/LAT attributable to the owners of our Company from continuing operations divided by the issued share capital of 227,874,000 Shares after the Subdivision, Acquisitions and Transfer.
(6) The net EPS/LPS from discontinued operations is calculated based on PAT/LAT attributable to the owners of our Company from discontinued operations divided by the issued share capital of 227,874,000 Shares after the Subdivision, Acquisitions and Transfer.
(7) The diluted net EPS/LPS from continuing operations is calculated based on PAT/LAT attributable to the owners of our Company from continuing operations divided by the enlarged issued share capital of 285,000,000 Shares after the Public Issue.
(8) The diluted net EPS/LPS from discontinued operations is calculated based on PAT/LAT attributable to the owners of our Company from discontinued operations divided by the enlarged issued share capital of 285,000,000 Shares after the Public Issue.
(9) Based on net assets divided by the issued share capital of 227,874,000 Shares after the Subdivision, Acquisitions and Transfer.
(10) Based on dividing the average closing balance of trade receivables after deducting impairment for doubtful debt, amount written off and charged as expenses (net trade receivables) by the revenue of the respective financial years. Average closing balance of net trade receivables for a particular financial year is calculated by adding the value of that financial year’s closing balance of net trade receivables with that of the previous financial year and dividing the total by two (2).
(11) Based on dividing the average closing balance of trade payables by the cost of sales of the respective financial years. Average closing balance of trade payables for a particular financial year is calculated by adding the value of that financial year’s closing balance of trade payables with that of the previous financial year and dividing the total by two (2).
(12) Based on dividing the average closing balance of inventories for well perforating services, which comprised solely of perforating explosives and hardware for well perforating services, by the cost of sales for well perforating services of the respective financial years. Average closing balance of inventories for a particular financial year is calculated by adding the value of that financial year’s closing balance of inventories with that of the previous financial year and dividing the total by two (2).
(13) Based on current asset divided by current liabilities.
(14) Based on total borrowings divided by total equity.

Please read this section in conjunction with Reservoir Link Energy Bhd’s Prospectus dated 25 June 2020.