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)
- 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
- 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.
- 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)
- 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)
- 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 | |
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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.