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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

08/12/2022 | 06:55am 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 2022

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, Director, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, 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

Group

Unaudited

Unaudited

Increase/

HY2022

HY2021

(Decrease)

Note

S$'000

S$'000

%

Revenue

4

16,200

8,414

92.5

Cost of services

(14,121)

(8,207)

72.1

Gross profit

2,079

207

>100

Other operating income

1,075

1,164

(7.6)

Administrative expenses

(2,837)

(3,081)

(7.9)

Other operating expenses

(924)

(916)

0.9

Finance costs

(74)

(81)

(8.6)

Loss before share of results of

6

(681)

(2,707)

(74.8)

a joint venture

Share of results of a joint venture

134

15

>100

Loss before income tax

(547)

(2,692)

(79.7)

Income tax (expense)/credit

17

(6)

15

n/m

Loss for the period

(553)

(2,677)

(79.3)

Other comprehensive income:

Items that may be reclassified

subsequently to profit or loss

Exchange

differences

on

translation of foreign operation

4

(28)

n/m

Total

comprehensive

loss

for

the period

(549)

(2,705)

(79.7)

Loss attributable to:

Owners of the Company

(467)

(2,427)

n/m

Non-controlling interests

(86)

(250)

(65.6)

(553)

(2,677)

(79.3)

Total

comprehensive

loss

attributable to:

Owners of the Company

(464)

(2,435)

n/m

Non-controlling interests

(85)

(270)

(68.5)

(549)

(2,705)

(79.7)

Loss per share1 attributable to

owners of

the

Company

during the period:

Basic2 (SGD in cent)

(0.33)

(1.72)

Diluted2 (SGD in cent)

(0.33)

(1.72)

n/m: not meaningful

  1. Computed based on loss 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 per share is the same as the basic loss 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

30/6/2022

31/12/2021

30/6/2022

31/12/2021

Note

S$'000

S$'000

S$'000

S$'000

ASSETS

Current assets

Cash and cash equivalents

4,889

8,496

94

39

Fixed deposit pledged

362

351

-

-

Trade receivables

12

8,068

6,375

-

-

Contract assets

2,585

3,137

-

-

Other receivables

947

670

40

48

Amount due from subsidiaries

-

-

12,735

12,769

Inventories

469

617

-

-

Total current assets

17,320

19,646

12,869

12,856

Non-current assets

Deposits

97

97

-

-

Investments in subsidiaries

-

-

18,842

19,283

Investment in a joint venture

15

353

219

-

-

Club membership

50

50

-

-

Property, plant and equipment

9

18,906

18,598

-

-

Total non-current assets

19,406

18,964

18,842

19,283

Total assets

36,726

38,610

31,711

32,139

LIABILITIES AND EQUITY

Current liabilities

Bank loans

10

1,632

1,901

-

-

Trade payables

13

1,777

1,958

-

-

Contract liabilities

43

43

-

-

Other payables

3,239

3,286

126

45

Amount due to subsidiaries

-

-

12,172

12,248

Lease liabilities

16

163

170

-

-

Income tax payable

2

38

-

19

Total current liabilities

6,856

7,396

12,298

12,312

Non-current liabilities

Bank loans

10

4,293

5,000

-

-

Lease liabilities

16

574

662

-

-

Deposits

40

40

-

-

Total non-current liabilities

4,907

5,702

-

-

Capital, reserves and non-

controlling interests

Share capital

11

23,698

23,698

23,698

23,698

Retained earnings

19,798

20,265

(4,285)

(3,871)

Statutory surplus reserve

442

442

-

-

Currency translation reserve

(236)

(239)

-

-

Merger reserve

(18,570)

(18,570)

-

-

Equity attributable to owners of

the Company

25,132

25,596

19,413

19,827

Non-controlling interests

(169)

(84)

-

-

Total equity

24,963

25,512

19,413

19,827

Total liabilities and equity

36,726

38,610

31,711

32,139

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 2022 (audited)

23,698

442

20,265

(239)

(18,570)

25,596

(84)

25,512

Total comprehensive income for the period:

- Loss for the period

-

-

(467)

-

-

(467)

(86)

(553)

- Other comprehensive income for the

-

-

-

3

-

3

1

4

period

Total

-

-

(467)

3

-

(464)

(85)

(549)

Balance at 30 June 2022 (unaudited)

23,698

442

19,798

(236)

(18,570)

25,132

(169)

24,963

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

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 12 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2022 10:54:05 UTC.


© Publicnow 2022
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Financials
Sales 2021 20,9 M 14,6 M 14,6 M
Net income 2021 -6,02 M -4,19 M -4,19 M
Net cash 2021 1,07 M 0,75 M 0,75 M
P/E ratio 2021 -1,48x
Yield 2021 -
Capitalization 7,48 M 5,22 M 5,22 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