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. | ||
B. | ||
C. | ||
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. | ||||||
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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.