Pursuant to Rule 705(2C) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist, Asiatic Group (Holdings) Limited is required by SGX-ST to announce its quarterly financial statements.

Asiatic Group (Holdings) Limited and its Subsidiaries

Registration Number : 200209290R

Condensed Interim Financial Statements

For the half year ended 30 September 2021

Asiatic Group (Holdings) Limited and its Subsidiaries

Table of Contents

A.

Condensed interim consolidated statement of profit or loss ...........................................................

1

B.

Condensed interim consolidated statement of other comprehensive income ................................

2

C.

Condensed interim statements of financial position........................................................................

3

D.

Condensed interim statements of changes in equity ......................................................................

5

E.

Condensed interim consolidated statement of cash flows ..............................................................

6

F.

Notes to the condensed interim consolidated financial statements ................................................

8

G.

Other Information Required by Listing Rule Appendix 7C ............................................................

23

Asiatic Group (Holdings) Limited and its Subsidiaries

Condensed interim consolidated statement of profit or loss

Period Ended 30 September 2021

The Group

The Group

6

3 months

3 months

6 months

months

ended

ended

ended

ended

Note

30 Sep 2021 30 Sep 2020

Change

30 Sep 2021 30 Sep 2020

Change

S$'000

S$'000

%

S$'000

S$'000

%

Revenue

Sale of goods

5.2

4,915

2,934

67.5

8,694

5,771

50.7

Sale of services

5.2

4,774

6,958

-31.4

9,101

15,130

-39.9

9,689

9,892

-2.1

17,795

20,901

-14.9

Other income

171

344

-50.3

348

970

-64.1

Costs and expenses

Cost of sales

(6,737)

(6,603)

2.0

(12,307)

(14,162)

-13.1

Foreign exchange loss

(507)

124

N.M.

(544)

(461)

18.0

Staff costs

(1,461)

(1,517)

-3.7

(2,857)

(3,017)

-5.3

Depreciation of property, plant

and equipment

(498)

(660)

-24.6

(1,120)

(1,258)

-11.0

Depreciation of right-of-use

assets

(76)

(97)

-21.7

(158)

(174)

-9.2

Write back of /(impairment of)

financial assets

164

(902)

N.M.

(313)

(1,298)

-75.9

Other operating expenses

(555)

(1,134)

-51.0

(1,078)

(1,601)

-32.6

Profit/(loss) from operating

activities

190

(553)

N.M.

(234)

(100)

135.0

Finance costs

(224)

(137)

63.5

(427)

(314)

36.0

Loss before tax

7.1

(34)

(690)

-94.9

(661)

(414)

59.9

Income tax expense

8

(243)

(60)

305.0

(306)

(117)

161.5

Loss for the period

(277)

(750)

-62.9

(967)

(531)

82.3

Attributable to:

Equity holder of the Company

(270)

(903)

-70.1

(940)

(833)

12.9

Non controlling interest

(7)

153

N.M.

(27)

302

N.M.

(277)

(750)

-62.9

(967)

(531)

82.3

Loss per share (cent per

share)

Basic and diluted

(0.02)

(0.06)

(0.06)

(0.05)

N.M. : Not meaningful

Page 1

Asiatic Group (Holdings) Limited and its Subsidiaries

Condensed interim consolidated statement of other comprehensive income Period Ended 30 September 2021

The Group

The Group

3 months

3 months

6 months

6 months

ended

ended

ended

ended

Note

30 Sep 2021 30 Sep 2020

Change

30 Sep 2021 30 Sep 2020

Change

S$'000

S$'000

%

S$'000

S$'000

%

Loss for the period

(277)

(750)

(967)

(531)

Other comprehensive

income

Items that may be reclassified

subsequently to profit or

loss:

Foreign currency translation

986

(582)

N.M.

995

(784)

N.M.

Other comprehensive

income for the period, net

of tax

986

(582)

N.M.

995

(784)

N.M.

Total comprehensive

income for the period

709

(1,332)

N.M.

28

(1,315)

N.M.

Attributable to:

Equity holder of the Company

712

(1,628)

N.M.

51

(1,636)

N.M.

Non controlling interest

(3)

296

N.M.

(23)

321

N.M.

709

(1,332)

N.M.

28

(1,315)

N.M.

N.M. : Not meaningful

Page 2

Asiatic Group (Holdings) Limited and its Subsidiaries

Condensed interim statements of financial position

As at 30 September 2021

The Group

The Company

30 Sep

31 Mar

30 Sep

31 Mar

Note

2021

2021

2021

2021

S$'000

S$'000

S$'000

S$'000

Non-current assets

Property, plant and equipment

11

50,972

51,370

4

5

Investments in subsidiaries

-

-

32,336

32,182

Right-of-use assets

2,186

2,180

-

-

Goodwill

10

175

175

-

-

Other investments

161

161

-

-

53,494

53,886

32,341

32,187

Current assets

Assets held for sale

- *

- *

-

-

Inventories

4,386

3,753

-

-

Trade receivables

7,497

5,844

-

-

Other receivables

1,268

3,178

-

-

Prepayments

1,172

396

38

29

Amounts due from subsidiaries

-

-

-

-

Cash and short-term deposits

1,299

1,633

25

23

15,622

14,804

63

52

Current liabilities

Trade payables

6,118

6,591

-

-

Provision for demobilisation cost

54

269

-

-

Provision for restructuring cost

93

226

-

-

Other payables and accruals

4,431

4,640

547

509

Amounts due to subsidiaries

-

-

9,335

9,371

Loans and borrowings

12

17,620

15,636

-

6

Lease and hire purchase liabilities

414

400

-

-

Provision for taxation

630

500

-

-

29,360

28,262

9,882

9,886

Net current liabilities

(13,738)

(13,458)

(9,820)

(9,834)

Non-current liabilities

Loans and borrowings

12

3,636

4,096

-

-

Amount due to non-controlling

interests

1,724

1,926

-

-

Lease and hire purchase liabilities

1,672

1,795

-

-

Deferred tax liabilities

1,402

1,316

-

-

Net assets

31,322

31,295

22,521

22,353

*

Amount is less than S$1,000.

Page 3

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Asiatic Group (Holdings) Limited published this content on 11 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2021 12:26:01 UTC.