Brahim Berhad : Quarterly rpt on consolidated results for the financial period ended 30 Sep 2021

Brahim's Holdings Berhad

(Company No. 198201002985 [82731-A])

(Incorporated in Malaysia)

Interim Financial Report

30 September 2021

Brahim's Holdings Berhad

(Company No. 198201002985 [82731-A])

(Incorporated in Malaysia)

Unaudited Condensed Consolidated Statement Of Comprehensive Income For The Quarter Ended 30 September 2021

	Individual Quarter			Cumulative Quarters
	3 months ended				9 months ended
	30-Sep				30-Sep
	2021	2020	Changes	2021	2020	Changes
	RM'000		RM'000	%			RM'000		RM'000	%
Continuing Operations
Revenue	7,270	8,484	-14.31%	20,958	74,530	-71.88%
Cost of Sales	(3,010)	(4,157)		(9,330)	(33,409)
Gross Profit	4,260	4,327		11,628	41,121
Other income	24	169		93	900
Administrative expenses	(16,555)	(41,878)		(51,127)	(108,939)
Other expenses	(506)	(7,577)		(1,653)	(11,132)
(Loss)/Profit from operations	(12,777)	(44,959)	-71.58%	(41,059)	(78,050)	-47.39%
Finance costs	(2,285)	(1,513)		(4,989)	(4,675)
Share of results of jointly
controlled entities	-		-			-		-
(Loss)/Profit before taxation	(15,062)	(46,472)	-67.59%	(46,048)	(82,725)	44.34%
Income tax expense	(45)	(49)		(45)	(170)
Zakat	-		-			-		-
(Loss)/Profit after taxation	(15,107)	(46,521)	67.53%	(46,093)	(82,895)	44.40%
(Loss)/Profit attributable to:
- Owners of the Company	673	(17,792)	103.78%	(12,790)	(32,675)	60.86%
- Non Controlling Interests	(15,780)		(28,729)	-45.07%		(33,303)		(50,220)	-33.69%
	(15,107)	(46,521)	67.53%	(46,093)	(82,895)	44.40%
Total comprehensive (loss)/income attributable to:-
- Owners of the Company	673	(17,792)		(12,790)	(32,675)
- Non Controlling Interest	(15,780)		(28,729)			(33,303)		(50,220)
	(15,107)	(46,521)		(46,093)	(82,895)
Loss per share (RM) attributable to the owners of the Company
Basic	0.25	(6.63)		(4.77)	(12.18)
Diluted	N/A		N/A				N/A		N/A

The Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the Annual Financial Report for the year ended 31 December 2020.

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Brahim's Holdings Berhad

(Company No. 198201002985 [82731-A])

(Incorporated in Malaysia)

Condensed Consolidated Statement Of Financial Position As At 30 September 2021

	As At	As At
	30.09.2021	31.12.2020
	RM'000	RM'000
	(Unaudited)	(Audited)
ASSETS
Non Current Assets
Property, plant and equipment	58,650	37,620
Goodwill on consolidation	84	84
Deferred tax assets	-	-
	58,734	37,704
Current Assets
Inventories	2,228	3,304
Trade receivables	5,613	8,519
Other receivables, deposits and prepayments	3,248	3,057
Tax recoverable	887	857
Amount owing by related parties	20	26
Fixed deposits with a licensed bank	3,319	3,319
Cash and bank balances	4,180	8,117
	19,495	27,199
TOTAL ASSETS	78,229	64,903
EQUITY & LIABILITIES
Equity attributable to equity holders
Share capital	279,607	268,266
Accumulated losses	(367,700)	(354,910)
Shareholders' Equity	(88,093)	(86,644)
Non Controlling Interest	(73,721)	(40,418)
Total Equity	(161,814)	(127,062)
Non-Current Liabilities
Other payables	2,050	2,050
Long-term borrowings	1,558	2,972
Deferred tax liabilities	9,601	9,601
	13,209	14,623
Current Liabilities
Trade payables	42,864	40,787
Other payables and accruals	52,503	37,202
Short-term borrowings	113,590	81,154
Amount due to related parties	3,899	3,793
Advances from a Director	6,461	6,889
Tax liabilities	55	55
Provision for zakat	562	562
Provision for Contigent Liabilities	6,900	6,900
	226,834	177,342
Total Liabilities	240,043	191,965
TOTAL EQUITY AND LIABILITIES	78,229	64,903
Net assets per share attribulate to ordinary
equity holders of the Company (RM)	(0.32)	(0.32)

The Condensed Consolidated Statement of Financial Position should be read in conjunction with the Annual Financial Report for the year ended 31 December 2020.

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Brahim's Holdings Berhad

(Company No. 198201002985 [82731-A])

(Incorporated in Malaysia)

Unaudited Condensed Consolidated Statement Of Changes In Equity For The Year Ended 30 September 2021

		Accumulated		Non-Controlling
	Share Capital	losses	Total	Interest	Total
	RM'000	RM'000	RM'000	RM'000	RM'000
At 1 January 2021	268,266	(354,910)	(86,644)	(40,418)	(127,062)
Issuance of share capital	11,341	-	11,341	-	11,341
Total comprehensive loss	-	(12,790)	(12,790)	(33,303)	(46,093)
At 30 September 2021	279,607	(367,700)	(88,093)	(73,721)	(161,814)
At 1 January 2020	268,266	(247,881)	20,385	90,830	111,215
Total comprehensive loss	-	(107,029)	(107,029)	(131,248)	(238,277)
At 31 December 2020	268,266	(354,910)	(86,644)	(40,418)	(127,062)

The Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the Annual Financial Report for the year ended 31 December 2020.

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Brahim's Holdings Berhad

(Company No. 198201002985 [82731-A])

(Incorporated in Malaysia)

Unaudited Condensed Consolidated Statement Of Cash Flows For The Financial Year Ended 30 September 2021

	9 months ended
	As at	As at
	30.09.2021	30.09.2020
	(Unaudited)	(Unaudited)
	RM'000	RM'000
Operating activities
Profit/(Loss) before tax	(46,093)	(82,725)
Adjustment for:-
Impairment losses on:
- goodwill	-	-
Amortisation and depreciation	15,736	20,554
Interest expense	4,989	3,304
Interest income	(16)	(183)
Tax Expense	45	170
Share of results in joint ventures	-	-
Operating profit before working capital changes	(25,339)	(58,880)
(Increase)/Decrease in inventories	1,076	3,120
(Increase)/Decrease in receivables	2,715	39,644
Increase/(Decrease) in related parties balances	112	1
Increase/(Decrease) in payables	17,378	1,778
Cash generated from/(used in) operations	(4,058)	(14,337)
Interest paid	(28)	579
Tax refund/(paid)	(75)	1,982
Net cash generated from/(used to) operating activities	(4,161)	(11,776)
Investing activities
Interest income	16	183
Dividends from JV	-	-
Withdrawal/(Placement) of deposits pledged with licensed banks	88	88
Purchase of plant and equipment/ Recognise ROU Asset	(41,294)	(10,729)
Net cash used in investing activities	(41,190)	(10,458)
Financing activities
Repayment of term loans	(1,200)	(3,500)
Proceeds/ (Repayment) of lease and hire-purchase	31,789	(5,325)
Repayment of Advance from Director	(428)	-
Proceeds of issuance of share capital	11,341	-
Net cash (used to)/generated from financing activities	41,502	(8,825)
Net increase in cash and cash equivalents	(3,849)	(31,059)
Cash and cash equivalents at the beginning of financial year	8,358	37,019
Cash and cash equivalents at the end of financial period	4,509	5,960
Cash, bank balances and fixed deposits with licensed banks	7,499	13,578
Bank overdrafts	-	-
Deposits pledged to licensed banks	(2,990)	(7,618)
	4,509	5,960

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