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I understand a little bit about taxation based on my own investment properties. If I am not wrong, rental income can be recognised based on receipt basis to avoid impairments and overpaid taxes.
yes, cash bass or accrual basis, but mostly accrual basis, more easier, just follow the contract period. but now this company cash dint increase, so confirmed accrual basis. And the receivable not just because of all tenant delay payment, maybe some of the tenants end contract earlier, then kena penalties. The fact have to waiting future report to see edy
Daniel, a lot pre-terminated the contract, i think so la. Pre-terminated can cost a lot charges, is possible to charge half of the year rental. But why a lot terminated/delay payment, then your guys have to walk there to do survey edy
Why recognise revenue when it is already pre-terminated ? Forfeit on deposits if not recoverable ? Agree that physical observation and survey will be good but I am not Perak.
I can confirm this stock within 6 months stock price will drop below 20c , let’s c. Now they are doing buy 500 and sell 1000 trying to make as much as they can within this period. If u are experienced trader u follow the wave but can’t be greedy coz this stock cannot hold. They ady doing soft landing. And til now no 1 mention who has the capability to trigger the margin call? Why the stock price maintain 70c range there for more than a year? If u hv fren work in investment bank, u can ask what’s the bank procedures owner mortgage their shares for cash. Get a full picture then u know. And lastly for the rental this is the easiest part. A>B>A , everything owned by same person. Profit margin and earning decided by me, I can show u any figures I want to u c.
When the deposit already forfeited only can recognised into other income not revenue, and it wont doubt any cash or bank yet received cause deposit is the thing cash or bank you have received many years ago
early termination charges is the income la and receivable (after offset deposit), net will go trade receivable, the company will go ask for third party debt collector, ptrans for sure have credit control, they will follow upp the debt, such as legal action and so on, until 100% cant collect, then go to bad debt.
In any case, I am basing it on no reduction in revenue, high receivables in current QR and if there are actually pre-terminated rental or difficulty in collecting rent. Matter of accounting recognition & guesses I supposed without the exact details.
walao eh, u teaching accounting ah, i just combine all to revenue la for better understanding here la,, u need to do classification here? then you want to do revaluation?
i just want to highlight the reason increase trade receivable in rental nature companies , just 3 reasons = delay payment/ pre termination/ damage teminal, - repair cost. don argue so deatils accounting term la. aduh.. but revenue / income dint increase so much, highly likely most of the client delay payment. Just my opinion. Bye
No argument but merely frank discussions :-) Love Pets reasoning are correct. As a retiree, but I still do understand accounting concepts well. (if memory still good :-|). All still assumptions based without the exact details.
I am not good at accounting, thanks love pets for points and valid concerns to worry about. just a little thought here that if tenants can happen to suddenly all together dont pay rental, we might as well becareful and try to avoid other reits counter, especialy like sentral which is similat business and also high debt, who knows someday business suddenly go down and tenants all dont pay rental or terminate account.despite both sentral anf ptrans survived covid years
Just a sample of my company did before. (High rental revenue -> High receivable - High borrowing - High interest cost -> Maintain Rental Rate --> Low profit -> Net loss). Its the cycle, unless u told me its pavilion bukit bintang la., Ptrans look like lower bargaining power. But guys don worry, its happen either gradual improvement / gradually deterioration. Still can play short term. XD
IPTT as a Key Growth Level
Increased rental income and sharing from terminal tenants suggests that the terminal business is maturing and contributing more recurring revenue
Management claim: “Revenue is primarily contributed by IPTT + Bus operations, and performance is improving due to IPTT operations (e.g., Bidor Sentral ramp-up)
Quarterly report Q3 A9 segmentation Information
2025 Q3
Integrated public transportation 33,803m
Bus operation 6,650m
Petrol Station 8,634m
2024 Q3
Integrated public transportation 35,118m
Bus operation 6,554m
Petrol Station 9,591m
But the 2 main segment business IPTT + bus operation revenue performance is decline
Trade receivable increase from RM37.97m to RM66.4m, total increase RM28.4m
Trade receivables increased by approximately 74.9% from Q2 FY2025 to Q3 FY2025.
combined revenue from IPTT (Integrated Public Transportation Terminal) and bus operations for Q3 FY2025 is RM 41.67 million,
Revenue from IPTT + Bus operations (Q3 FY2025): RM 41.67 million
Percentage not collected (accounts receivable): 68.1%
So, this quarter Q3 2025 about RM 28.37 million of IPTT + Bus revenue has not yet been collected
Risk: If the revenue decline continues, PTRANS might struggle to maintain its profit margins, especially if G&A cost savings don’t repeat or if tenant contributions / rental weaken.