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    5RC   SG2B91959363

ES GROUP (HOLDINGS) LIMITED

(5RC)
  Report
Delayed Singapore Stock Exchange  -  04:37 2022-09-06 am EDT
0.0530 SGD   -10.17%
08/12Es : Half Yearly Results
PU
08/12ES Group Limited Reports Earnings Results for the Half Year Ended June 30, 2022
CI
06/30Es : Change Of Company Secretary
PU
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ES : Half Yearly Results

08/13/2021 | 06:32am EDT

ES GROUP (HOLDINGS) LIMITED

(Company Registration No. 200410497Z)

(Incorporated in the Republic of Singapore)

ES GROUP (HOLDINGS) LIMITED

CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED 30 JUNE 2021

This announcement has been prepared by ES Group (Holdings) Limited (the "Company") and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("SGX- ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms. Goh Mei Xian, Associate Director, ZICO Capital Pte. Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.

Page 1 of 27

ES GROUP (HOLDINGS) LIMITED

(Company Registration No. 200410497Z)

(Incorporated in the Republic of Singapore)

ES GROUP (HOLDINGS) LIMITED

CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

TABLE OF CONTENTS

Section

Page

A

Condensed interim consolidated statement of profit or loss and other

3

comprehensive income

B

Condensed interim statements of financial position

4

C

Condensed interim statements of changes in equity

5-6

D

Condensed interim consolidated statement of cash flows

7

E

Notes to the condensed interim consolidated financial statements

8-20

F

Other information required pursuant to Appendix 7C of the Singapore

21-27

Exchange Securities Trading Limited Listing Manual Section B: Rules

of Catalist ("Catalist Rules")

Page 2 of 27

ES GROUP (HOLDINGS) LIMITED

(Company Registration No. 200410497Z)

(Incorporated in the Republic of Singapore)

  1. CONDENSED INTERIM CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

Note

Revenue

4

Cost of services

Gross profit

Other operating income

17

Administrative expenses

Other operating expenses

Finance costs

(Loss)/Profit

before share

of

6

results of a joint venture

Share of results of a joint venture

(Loss)/Profit before income tax

Income tax expense

18

(Loss)/Profit for the period

Other comprehensive income:

Items that may be reclassified

subsequently to profit or loss

Exchange

differences

on

translation of foreign operation

Total comprehensive (loss)/ income for the period

(Loss)/Profit attributable to:

Owners of the Company

Non-controlling interests

Total comprehensive (loss)/ income attributable to:

Owners of the Company

Non-controlling interests

(Loss)/Earnings per share 1 attributable to owners of the Company during the period:

Basic2 (SGD in cent)

Diluted2 (SGD in cent)

Group

Unaudited

Unaudited

Increase/

HY2021

HY2020

(Decrease)

S$'000

S$'000

%

8,414

8,878

(5.2)

(8,207)

(7,459)

10.0

207

1,419

(85.4)

1,164

2,825

(58.8)

(3,081)

(3,103)

(0.7)

(916)

(636)

44.0

(81)

(91)

(11.0)

(2,707)

414

n/m

15

-

n/m

(2,692)

414

n/m

15

-

n/m

(2,677)

414

n/m

(28)

(9)

n/m

(2,705)405n/m

(2,427)

774

n/m

(250)

(360)

(30.6)

(2,677)

414

n/m

(2,435)

769

n/m

(270)

(364)

(25.8)

(2,705)

405

n/m

(1.72)0.55

(1.72)0.55

n/m: not meaningful

  1. Computed based on (loss)/profit attributable to owners of the Company for the respective financial periods divided by the weighted average number of ordinary shares in issue during the respective financial periods.
  2. As there are no dilutive potential ordinary shares that were outstanding during the respective financial periods, the diluted (loss)/earnings per share is the same as the basic (loss)/earnings per share.

Page 3 of 27

ES GROUP (HOLDINGS) LIMITED

(Company Registration No. 200410497Z)

(Incorporated in the Republic of Singapore)

  1. CONDENSED INTERIM STATEMENTS OF FINANCIAL POSITION

Group

Company

Unaudited

Audited

Unaudited

Audited

30/6/2021

31/12/2020

30/6/2021

31/12/2020

ASSETS

Note

S$'000

S$'000

S$'000

S$'000

Current assets

Cash and cash equivalents

10,453

19,807

121

115

Fixed deposit pledged

314

344

-

-

Trade receivables

12

5,831

5,879

-

-

Contract assets

2,725

2,630

-

-

Other receivables

1,190

838

61

73

Amount due from subsidiaries

-

-

18,088

19,607

Inventories

566

457

-

-

Total current assets

21,079

29,955

18,270

19,795

Non-current assets

Deposits

6

5

-

-

Investments in subsidiaries

-

-

18,708

19,154

Investment in a joint venture

15

248

233

-

-

Club membership

50

50

-

-

Property, plant and equipment

9

18,500

13,173

-

-

Total non-current assets

18,804

13,461

18,708

19,154

Total assets

39,883

43,416

36,978

38,949

LIABILITIES AND EQUITY

Current liabilities

Bank loans

10

1,234

757

-

-

Trade payables

13

1,103

936

-

-

Contract liabilities

46

77

-

-

Other payables

3,875

3,847

69

61

Amount due to subsidiaries

-

-

12,866

12,312

Lease liabilities

16

187

158

-

-

Income tax payable

21

360

-

-

Total current liabilities

6,466

6,135

12,935

12,373

Non-current liabilities

Bank loans

10

3,466

4,243

-

-

Lease liabilities

16

737

766

-

-

Total non-current liabilities

4,203

5,009

-

-

Capital, reserves and non-

controlling interests

Share capital

11

23,698

23,698

23,698

23,698

Retained earnings

23,857

26,637

345

2,878

Statutory surplus reserve

442

442

-

-

Currency translation reserve

(207)

(199)

-

-

Merger reserve

(18,570)

(18,570)

-

-

Equity attributable to owners of

the Company

29,220

32,008

24,043

26,576

Non-controlling interests

(6)

264

-

-

Total equity

29,214

32,272

24,043

26,576

Total liabilities and equity

39,883

43,416

36,978

38,949

Page 4 of 27

ES GROUP (HOLDINGS) LIMITED

(Company Registration No. 200410497Z)

(Incorporated in the Republic of Singapore)

  1. CONDENSED INTERIM STATEMENTS OF CHANGES IN EQUITY

Share

Statutory

Retained

Currency

Merger

Attributable

Non-

Total

capital

surplus

earnings

translation

reserve

to owners of

controlling

reserve

reserve

the Company

interests

Note

S$'000

S$'000

S$'000

S$'000

S$'000

S$'000

S$'000

S$'000

Group

Balance at 1 January 2021 (audited)

23,698

442

26,637

(199)

(18,570)

32,008

264

32,272

Total comprehensive income for the

period

- Loss for the period

-

-

(2,427)

-

-

(2,427)

(250)

(2,677)

- Other comprehensive loss for the period

-

-

-

(8)

-

(8)

(20)

(28)

Total

-

-

(2,427)

(8)

-

(2,435)

(270)

(2,705)

Transactions with owners, recognised

directly in equity:

- Dividends

14

-

-

(353)

-

-

(353)

-

(353)

Balance at 30 June 2021 (unaudited)

23,698

442

23,857

(207)

(18,570)

29,220

(6)

29,214

Balance at 1 January 2020 (audited)

23,698

451

26,282

(204)

(18,570)

31,657

(423)

31,234

Total comprehensive income for the

period

- Profit/(Loss) for the period

-

-

774

-

-

774

(360)

414

- Other comprehensive income for the

-

-

(5)

-

(5)

(4)

(9)

period

-

Total

-

-

774

(5)

-

769

(364)

405

Transactions with owners, recognised

directly in equity:

- Dividends

14

-

-

(635)

-

-

(635)

-

(635)

Balance at 30 June 2020 (unaudited)

23,698

451

26,421

(209)

(18,570)

31,791

(787)

31,004

Page 5 of 27

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

ES Group (Holdings) Limited published this content on 13 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 August 2021 10:31:05 UTC.


© Publicnow 2021
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Financials
Sales 2021 20,9 M 14,6 M 14,6 M
Net income 2021 -6,02 M -4,18 M -4,18 M
Net cash 2021 1,07 M 0,74 M 0,74 M
P/E ratio 2021 -1,48x
Yield 2021 -
Capitalization 7,48 M 5,20 M 5,20 M
EV / Sales 2020 -0,24x
EV / Sales 2021 0,37x
Nbr of Employees 426
Free-Float 14,4%
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Managers and Directors
Chee Wee Low Chief Executive Officer, COO & Executive Director
Sook Teng Tan Finance Manager
Beng Chye Ong Non-Executive Chairman
Su Nee Khoo Independent Non-Executive Director
Chiang Swee Neo Executive Director & Director-Development