TENAGA NASIONAL BERHAD FINANCIAL ANALYSIS 1998-2007
i) PROFITABILITY RATIOS AND SALES REVENUE 5 ii) LEVERAGE MANAGEMENT 9 iii) EARNINGS PER SHARE 11 iv) LIQUIDITY RATIOS 12
v) FIXED ASSET TURNOVER 15
EXECUTIVE SUMMARY 17
REFERENCE 18
APPENDIX 1: RAW DATA
APPENDIX 2: ANNUAL REPORT 1998-2007
INTRODUCTION OF CORPORATION PROFILE
Tenaga Nasional Berhad (TNB) is the largest utility company in Malaysia. It is also the largest power company in Southest Asia with RM65 billion worth of assets serving over six million customers throughout Peninsular Malaysia and the eastern state of Sabah. Its core activities are generation, transmission and distribution of electricity. TNB is the only Malaysian energy company to rank among the top 50 energy companies in Asia in 2006 (based on the Platts’s survey of the top 250 Global Energy Companies) while internationally it is ranked as 168th.
TNB was formed in 1990 by the Electricity Supply Successor Company Act 1990, as the successor of the National Electricity Board of the States of Malaya (Lembaga Letrik Negara Tanah Melayu). It was listed on the Bursa Saham Securities Berhad in the year 1990.
TNB Group currently has a complete power supply system generating capacity of about 11,200 MW. In Peninsular Malaysia, TNB contributes to 55 percent of the total industry capacity through six thermal stations and three major hydroelectric schemes. It also manages the transmission network i.e. National Grid which links TNB power stations and IPPs to the distribution network. The National Grid is linked via 132kV HVAC and 300 kV HVDC interconnection to Thailand and
230kV cables to Singapore. TNB’s distribution network is managed through a comprehensive distribution system; customer service centres and calls management centres.
Through its subsidiaries, TNB is also involves in the manufacturing of