Financial Statements and Related Announcement::Second Quarter and/ or Half Yearly ... Page 1 of 1

Issuer/ Manager

AMARA

HOLDINGS

LIMITED

Securities

AMARA

HOLDINGS

LTD - SG1F08854688

- A34

Stapled Security

No

Financial Statements and Related Announcement:: Second or Yearly Results Issuer & Securities

Annomicemimt Details

Announcement Title

Financial Statements and Related Announcement

Date & Time of Broadcast

14-Aug-2017 19:15:40

Status

New

Announcement Sub Title

Second Quarter and/ or Half Yearly Results

Announcement Reference

SG1708140THRREl3

Submitted By (Co./ Ind. Name)

Ms Susan Teo Geok Tin I Ms Foo Soon Soo

Designation

Company Secretaries

Description (Please provide a detailed description of the event in the box below - Refer to the Online help for the format)

Please see attachment

Additional Details

For Financial Period Ended 30/06/2017 Attachments

IIAmara 202017.pdf Total size =170K

http://infopub.sgx.com/ Apps?A=COW_CorpAnnouncement_ Content&B=Announceme... 14/08/17

A1'1ARA HO L D I N G S L U.U TE D

Co. Regn. No. 197000732N

Unaudited Second Quarter Financial Statement And Dividend Announcement for the Period Ended 30 June 2017

PART I· INFORMATION REQUIRED FOR ANNOUNCEMENTS OF QUARTERLY (Q1, Q2 & Q3), HALF-YEAR AND FULL YEAR RESULTS

1 (a) Consolidated Statement of Comprehensive Income

Group

Second Quarter

Six Months

30/6/2017

30/6/2016

Change

30/6/2017

30/6/2016

Change

$'000

$'000

%

$'000

$'000

%

19,817

18,208

9

39,840

38,652

3

126

32

294

367

443

(17)

25

22

14

(26)

(33)

(21)

(1,516)

(1,625)

(7)

(2,676)

(3,201)

(16)

(6,360)

(5,305)

20

(13,009)

(11,156)

17

(1,404)

(1,393)

1

(2,888)

(2,761)

5

(1,733)

(1,311)

32

(3,397)

(3,313)

3

(6,166)

(6,533)

(6)

(13,272)

(15,056)

(12)

67

2,196

(97)

85

29,933

(100)

2,856

4,291

(33)

5,024

33,508

(85)

(1,245)

(799)

56

(1,945)

(1,552)

25

1,611

3,492

(54)

3,079

31,956

(90)

89

(2,148)

NM

(2,516)

(5,812)

(57)

.

NM

.

-

NM

13

4

225

152

-

NM

102

(2,144)

NM

(2,364)

(5,812)

(59)

1,713

1,348

27

715

26,144

(97)

1,611

3,492

(54)

3,079

31,973

(90)

.*

-*

NM

.*

(17)

NM

1,611

3,492

(54)

3,079

31,956

(90)

1,713

1,348

27

715

26,161

(97)

.*

-*

NM

.*

(17)

NM

1,713

1,348

27

715

26,144

(97)

Revenue Other income

Changes in inventories of finished goods Cost of properties sold/consumables used Staff costs

Depreciation Finance costs Other expenses

Share of results of a jointly-controlled entity, net of tax

Profit before tax Income tax expense

Profit for the period

Other comprehensive income/(loss), after tax :

Currency translation differences on translation of financial statements of foreign subsidiaries

Fair value loss on available-for-sale financial assets reclassified to profit or loss

Fair value gain on available-for-sale financial assets, net Other comprehensive income/(loss) for the period, net of tax Total comprehensive income for the period

Profit attributable to :

Equity holders of the Company Non-controlling interests

Total comprehensive income attributable to : Equity holders of the Company

Non-controlling interests

Group

Second Quarter

Six Months

30/6/2017

30/6/2016

Change

30/6/2017

30/6/2016

Change

$'000

$'000

%

$'000

$'000

%

(28)

(28)

-

(56)

(56)

-

(47)

-

NM

(47)

-

NM

.

13

(100)

16

13

23

(153)

(5)

NM

(178)

(7)

NM

.

130

(100)

22

130

(83)

9

13

(31)

12

18

(33)

6

72

(92)

10

144

(93)

88

(984)

NM

(1,213)

(3,036)

(60)

(168)

NM

(168)

NM

Notes to Consolidated Statement of Comprehensive Income :

Profit before tax is arrived at after (charging)/crediting: Amortisation of other assets

Loss on disposal of a subsidiary

Gain on disposal of available-for-sale financial assets Property, plant and equipment written off

Gain on disposal of property, plant and equipment Income from available-for-sale financial assets Interest income

Net foreign exchange loss

Under provision of prior years' tax

NM : Not meaningful

* Amount less than $1,000

AMARA HOLDINGS LIMITED

Unaudited Second Quarter Financial Statement And Dividend Announcement for the Period Ended 30 June 2017

1(b) (i) Statements of Financial Position

Group Company

Notes

30/6/2017

31/12/2016

30/6/2017

31/12/2016

$'000

$'000

$'000

$'000

Current assets

Cash and bank balances

15,039

16,024

72

20

Trade and other receivables

7,248

8,919

35,569

53,190

Inventories

403

429

Development properties

79,550

77,393

Other current assets

1,028

1,048

5

c 103,268 103,813 35,641 53,215

Non-current assets

Available-for-sale financial assets

1,192

1,063

142

126

Intangible assets

441

441

Investment in a jointly-controlled entity

A

26,757

29,872

Investment in subsidiaries

41,987

41,987

Investment properties

351,350

349,588

Property, plant and equipment

229,347

226,184

Land use rights

6,390

6,692

Goodwill

789

789

Other assets

6,408

6,464

Deferred income tax assets

196

233

Other non-current assets

225

131

623,095

621,457

42,129

42,113

Total assets

726,363

725,270

77,770

95,328

Current liabilities

Trade and other payables

B

18,292

26,054

156

365

Tax payable

2,841

3,275

Borrowings

96,088

60,953

Non-current liabilities

c

117,221

90,282

156

365

Trade and other payables

4,955

5,343

Borrowings

241,115

250,449

Deferred income tax liabilities

5,989

5,543

252,059

261,335

Total liabilities

369,280

351,617

156

365

Net assets

357,083

373,653

77,614

94,963

Capital and reserves attributable to equity holders of the Company

Share capital

125,646

125,646

125,646

125,646

Treasury shares

(996)

(913)

(996)

(913)

Reserves

232,797

249,331

(47,036)

(29,770)

357,447

374,064

77,614

94,963

Non-controlling interests

(364)

(411)

Total equity

357,083

373,653

77,614

94,963

Notes to Statements of Financial Position:

  1. Decrease was mainly due to dividend received during the financial period.

  2. Decrease was mainly due to payments of construction costs during the financial period.

  3. The negative working capital of approximately $14 million as at 30 June 2017 was attributed to the increase in revolving credit facilities. With adequate project financing facilities available to fund existing projects and based on current cash flow forecast, the Group is able to meet its short term obligations as and when they fall due.

AMARA HOLDINGS LIMITED

Unaudited Second Quarter Financial Statement And Dividend Announcement for the Period Ended 30 June 2017

  1. (ii) Aggregate amount of group's borrowings and debt securities.

    Amount repayable in one year or less, or on demand

    30/6/201

    7

    $'000

    Secured

    I

    Unsecured

    96,088

    I

    Nil

    31/12/2016

    $'000

    Secured

    I

    Unsecured

    60,953

    I

    Nil

    Amount repayable after one year

    30/6/201

    7

    $'000

    Secured

    I

    Unsecured

    241,115

    I

    Nil

    31/12/2016

    $'000

    Secured

    I

    Unsecured

    250,449

    I

    Nil

    Details of any collateral

    The borrowings are secured by the followings:

    1. first legal mortgages on certain subsidiaries' property, plant and equipment and investment and development property;

    2. an assignment in escrow of interest in a subsidiary's lease and rental proceeds from its investment properties; a fixed and floating charge over its assets;

    3. an assignment of certain subsidiaries' interest in sale and purchase agreements, tenancy agreements, insurance policies, building contracts, performance bonds and all monies standing to the credit in a subsidiary's project account in respect of development properties; and

    4. corporate guarantee given by the Company and debenture over certain subsidiaries' hotels.

    Amara Holdings Ltd. published this content on 14 August 2017 and is solely responsible for the information contained herein.
    Distributed by Public, unedited and unaltered, on 15 August 2017 01:01:05 UTC.

    Original documenthttp://ir.amaraholdings.com/releasedetail.cfm?ReleaseID=1037280

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