Unaudited Financial Statements for the Year Ended 31 December 2019
PART 1 - INFORMATION REQUIRED FOR ANNOUNCEMENTS OF QUARTERLY (Q1, Q2, Q3),
HALF-YEAR AND FULL YEAR RESULTS
1(a)(i) Statement of profit or loss and other comprehensive income (for the group), together with a comparative statement for the corresponding period of the immediately preceding financial year.
Group Group
Note | |
Revenue | |
Cost of sales | |
Gross profit | |
Other operating income | |
Distribution costs | |
Administration expenses | |
Other operating expenses | |
Loss from operations | |
Finance costs | |
Loss before income tax | |
Income tax benefit/(expense) | |
Net loss for the period and total comprehensive loss attributable to equity | |
holders of company | A |
Other comprehensive income : | |
Items that will not be reclassified subsequently to profit or loss | |
Remeasurement of defined benefit obligation | |
Other comprehensive profit | |
for the period, net of tax | |
Total comprehensive loss attributable to equity holders of the Company | |
Loss per share attributable to equity | |
holders of the Company (US cent) | |
- Basic | |
- Diluted | |
1-Oct-19 to | 1-Oct-18 to | (1) | 1-Jan-19 to | 1-Jan-18 to | (1) | |
31-Dec-19 | 31-Dec-18 | Change | 31-Dec-19 | 31-Dec-18 | Change | |
US$'000 | US$'000 | % | US$'000 | US$'000 | % | |
5,599 | 6,022 | (7.0) | 22,372 | 22,759 | (1.7) | |
(5,376) | (5,762) | (6.7) | (21,458) | (21,663) | (0.9) | |
223 | 260 | (14.2) | 914 | 1,096 | (16.6) | |
9 | 86 | (89.5) | 197 | 253 | (22.1) | |
(207) | (196) | 5.6 | (758) | (728) | 4.1 | |
(557) | (610) | (8.7) | (2,232) | (2,989) | (25.3) | |
(387) | (307) | 26.1 | (1,316) | (1,226) | 7.3 | |
(919) | (767) | 19.8 | (3,195) | (3,594) | (11.1) | |
(55) | (78) | (29.5) | (263) | (122) | 115.6 | |
(974) | (845) | 15.3 | (3,458) | (3,716) | (6.9) | |
(4) | (106) | (96.2) | 150 | (1,273) | NM | |
(978) | (951) | 2.8 | (3,308) | (4,989) | (33.7) | |
7 | 47 | (85.1) | 7 | 47 | (85.1) | |
7 | 47 | (85.1) | 7 | 47 | (85.1) | |
(971) | (904) | 7.4 | (3,301) | (4,942) | (33.2) | |
(2.78) | (2.70) | 3.0 | (9.40) | (14.17) | (33.7) | |
(2.78) | (2.70) | 3.0 | (9.40) | (14.17) | (33.7) | |
A. | Net loss is arrived at after charging | |||||
(crediting) : | ||||||
- Directors' remuneration | 137 | 157 | (12.7) | 497 | 540 | (8.0) |
- Interest on borrowings | 55 | 78 | (29.5) | 263 | 122 | 115.6 |
- Depreciation expense | 2,119 | 2,066 | 2.6 | 8,902 | 8,436 | 5.5 |
- Gain on disposal of property, plant and equipment | - | - | NM | (145) | (151) | (4.0) |
- Foreign currency exchange loss | 139 | 28 | NM | 131 | 93 | 40.9 |
- Interest income | (5) | (6) | (16.6) | (15) | (12) | 25.0 |
- Loss/(Gain) on financial asset at fair value | 3 | (53) | NM | 33 | (62) | NM |
- Allowance for doubtful debts | 42 | 54 | (22.2) | 168 | 72 | 133.3 |
- Impairment of property, plant and equipment | - | - | NM | 262 | - | NM |
NM - Not meaningful
1(b)(i) Statement of financial position (for the issuer and group), together with a comparative statement as at the end of the immediately preceding financial year.
Current Assets | |
Cash | 5,038 |
Trade receivables | 5,467 |
Other receivables and prepayments | 691 |
Total current assets | 11,196 |
Non-current Assets | |
Investment in subsidiaries | - |
Property, plant and equipment | 32,442 |
Financial asset at fair value through profit or loss | 633 |
Other receivables and prepayments | 403 |
Deferred tax assets | 29 |
Total non-current assets | 33,507 |
Total Assets | 44,703 |
Current Liabilities | |
Trade payables | 1,145 |
Other payables | 6,049 |
Lease liabilities | 1,209 |
Income tax payable | 183 |
Total current liabilities | 8,586 |
Non-current Liabilities | |
Lease liabilities | 1,555 |
Deferred tax liabilities | - |
Total non-current liabilities | 1,555 |
Capital and Reserves | |
Share capital | 36,201 |
Legal reserve | 1,194 |
Merger reserve | (764) |
Contributed surplus | - |
Accumulated losses | (2,069) |
Net shareholders' equity | 34,562 |
Total Liabilities and Shareholders' Equity | 44,703 |
31-Dec-19
NoteUS$'000
27,888
28,806 37,291
33,644
28,704 37,291
(5,370)
3,580 4,502 403 8,485
5,742
1,325 -
8,030
1,194
(764)
493
425 -963
553 4 557
Group | ||
31-Dec-18 | 31-Dec-19 | 31-Dec-18 |
US$'000 | US$'000 | US$'000 |
451 | 254 | |
- | - | |
36 | 38 | |
487 | 292 | |
29,132 | 35,423 | |
- | - | |
493 | 633 | |
- | - | |
- | - | |
29,625 | 36,056 | |
30,112 | 36,348 | |
- | - | |
3,860 | 3,117 | |
- | - | |
- | - | |
3,860 | 3,117 | |
- | - | |
- | - | |
- | - | |
33,644 | 36,201 | |
- | - | |
- | - | |
2,295 | 2,295 | |
(9,687) | (5,265) | |
26,252 | 33,231 | |
30,112 | 36,348 |
Company
-
-
1 (b) (ii) Aggregate amount of group's borrowing and debt securities
Group 31-Dec-19 US$'000
Group 31-Dec-18 US$'000
Lease liabilities - secured | ||
Amount repayable in one year or less, or on demand | 1,325 | 1,209 |
Amount repayable after one year | 553 | 1,555 |
1,878 | 2,764 | |
Details of loans, borrowings and collateral |
The Group obtained rights of use for certain plant and equipment under lease arrangements. The average lease term is 2.6 years and all leases are on a fixed repayment basis and some with purchase options.
The carrying amount of rights of use assets as at 31 December 2019 amounted to US$2,371,000 and are included in the line item of Property, plant and equipment.
Outstanding capital commitment as at 31 December 2019 is US$1,290,000.
The Group entered into a five-year syndication loan facility agreement for NT$900 million from a consortium of banks in June 2015. As at 31 December 2019, the Group has available credit facility of US$30,020,000 (31 Dec 2018: US$29,297,000) with the consortium of banks. The facility is secured against certain property, plant and equipment. As at 31 December 2019, there was no loan outstanding.
1 (c) A cash flow statement (for the group), together with a comparative statement for the corresponding period of the immediately preceding financial year.
Group | Group | ||||
1-Jan-19 to | 1-Jan-18 to | ||||
31-Dec-19 | 31-Dec-18 | ||||
Note | US$'000 | US$'000 | |||
Operating activities | |||||
Loss before income tax | (974) | (845) | (3,458) | (3,716) | |
Adjustments for: | |||||
Depreciation expense | 2,119 | 2,066 | 8,902 | 8,436 | |
Impairment of property, plant and equipment | - | - | 262 | - | |
Interest income | (5) | (6) | (15) | (12) | |
Interest expense | 55 | 78 | 263 | 122 | |
Gain on disposal of property, plant and equipment | - | - | (145) | (151) | |
Net loss/(gain) on financial asset at fair value through profit or loss | 3 | (53) | 33 | (62) | |
Operating profit before working capital changes | 1,198 | 1,240 | 5,842 | 4,617 | |
Trade receivables | 625 | 158 | 965 | 1,273 | |
Other receivables and prepayments | 20 | (169) | 273 | (154) | |
Trade payables | 360 | 678 | (182) | 652 | |
Other payables | 294 | 163 | (188) | 170 | |
Cash generated from operations | 2,497 | 2,070 | 6,710 | 6,558 | |
Income tax paid | - | - | - | (596) | |
Interest received | 5 | 6 | 15 | 12 | |
Net cash generated from operating activities | 2,502 | 2,076 | 6,725 | 5,974 | |
Investing activities | |||||
Proceeds from disposal of | |||||
- | 9 | 145 | 170 | ||
property, plant and equipment | |||||
Capital distribution from financial asset at fair value through profit or loss | - | - | 107 | - | |
Purchase of property, plant and equipment | A | (1,482) | (1,101) | (3,568) | (2,410) |
Net cash used in investing activities | (1,482) | (1,092) | (3,316) | (2,240) | |
Financing activities | |||||
Proceeds from bank loans | - | - | - | 983 | |
Repayment of bank loans | - | (983) | - | (983) | |
Repayment of lease liabilities | (490) | (91) | (2,047) | (241) | |
Interest paid | (55) | (78) | (263) | (122) | |
Cash distribution from capital reduction | - | 3 | (2,557) | (2,852) | |
Dividend Paid | - | - | - | (2,336) | |
Net cash used in financing activities | (545) | (1,149) | (4,867) | (5,551) | |
Net increase/(decrease) in cash | 475 | (165) | (1,458) | (1,817) | |
Cash at the beginning of the period | 3,105 | 5,203 | 5,038 | 6,855 | |
Cash at the end of the period | 3,580 | 5,038 | 3,580 | 5,038 |
Group 1-Oct-19 to 31-Dec-19 US$'000
Group 1-Oct-18 to 31-Dec-18 US$'000
Note
A. Property, plant and equipment
During the period, the information relating to the Group's acquisition of property, plant and equipment is as follows:
1-Oct-19 to | 1-Oct-18 to | 1-Jan-19 to | 1-Jan-18 to | |
31-Dec-19 | 31-Dec-18 | 31-Dec-19 | 31-Dec-18 | |
US$'000 | US$'000 | US$'000 | US$'000 | |
Total acquisition of property, plant and equipment | ||||
1,877 | 1,058 | 3,449 | 2,600 | |
Add: Other payables at beginning of period | ||||
338 | 895 | 852 | 662 | |
Less: Other payables at end of period | ||||
(733) | (852) | (733) | (852) | |
Cash paid | 1,482 | 1,101 | 3,568 | 2,410 |
1(d)(i)A statement (for the issuer and group) showing either (i) all changes in equity or (ii) changes in equity other than those arising from capitalisation issues and distributions to shareholders, together with a comparative statement for the corresponding period of the immediately preceding financial year.
Share | Treasury | Legal | Merger | Fair value | Accumulated | |||
Group | Note | capital | shares | reserve | reserve | reserve | profits/(losses) | Net |
US$'000 | US$'000 | US$'000 | US$'000 | US$'000 | US$'000 | US$'000 | ||
Balance at 1 Jan 2018, previously reported | 39,181 | (125) | 973 | (764) | 344 | 5,086 | 44,695 | |
Effect of application of SFRS(I) 9 | - | - | - | - | (344) | 344 | - | |
Balance at 1 Jan 2018, restated | 39,181 | (125) | 973 | (764) | - | 5,430 | 44,695 | |
Loss for the period, representing total | ||||||||
comprehensive loss for the period | - | - | - | - | - | (4,038) | (4,038) | |
Transactions with owners, recognised directly in equity | ||||||||
Capital Reduction | (2,855) | - | - | - | - | - | (2,855) | |
Dividend Paid | - | - | - | - | - | (2,336) | (2,336) | |
Appropriation to legal reserve | - | - | 221 | - | - | (221) | - | |
Cancellation of shares | (125) | 125 | - | - | - | - | - | |
Balance at 30 Sep 2018 | 36,201 | - | 1,194 | (764) | - | (1,165) | 35,466 | |
Balance at 1 Oct 2018 | 36,201 | - | 1,194 | (764) | - | (1,165) | 35,466 | |
Total comprehensive loss for the period | ||||||||
Loss for the period | - | - | - | - | - | (951) | (951) | |
Other comprehensive income for the period | - | - | - | - | - | 47 | 47 | |
Balance at 31 Dec 2018 | 36,201 | - | 1,194 | (764) | - | (2,069) | 34,562 | |
Balance at 1 Jan 2019 | 36,201 | - | 1,194 | (764) | - | (2,069) | 34,562 | |
Loss for the period, representing total | ||||||||
comprehensive loss for the period | - | - | - | - | - | (2,330) | (2,330) | |
Transactions with owners, recognised directly in equity | ||||||||
Capital Reduction | (2,557) | - | - | - | - | - | (2,557) | |
Balance at 30 Sep 2019 | 33,644 | - | 1,194 | (764) | - | (4,399) | 29,675 | |
Balance at 1 Oct 2019 | 33,644 | - | 1,194 | (764) | - | (4,399) | 29,675 | |
Loss for the period | - | - | - | - | - | (978) | (978) | |
Other comprehensive income for the period | - | - | - | - | - | 7 | 7 | |
Balance at 31 Dec 2019 | 33,644 | - | 1,194 | (764) | - | (5,370) | 28,704 |
Treasury | Contributed | ||
capital | shares | surplus | |
US$'000 | US$'000 | US$'000 | |
39,181 | (125) | 2,295 | |
- | - | - | |
39,181 | (125) | 2,295 | |
- | - | - | |
Transactions with owners, recognised directly in equity | |||
Capital Reduction | (2,855) | - | - |
Cancellation of shares | (125) | 125 | - |
Dividend Paid | - | - | - |
Balance at 30 Sep 2018 | 36,201 | - | 2,295 |
Balance at 1 Oct 2018 | 36,201 | - | 2,295 |
Loss for the period, representing total | |||
comprehensive loss for the period | - | - | - |
Balance at 31 Dec 2018 | 36,201 | - | 2,295 |
Balance at 1 Jan 2019 | 36,201 | - | 2,295 |
Loss for the period, representing total | |||
comprehensive loss for the period | - | - | - |
Transactions with owners, recognised directly in equity | |||
Capital Reduction | (2,557) | - | |
Balance at 30 Sep 2019 | 33,644 | - | |
Balance at 1 Oct 2019 | 33,644 | - | |
Loss for the period, representing total | |||
comprehensive loss for the period | - | - | |
Balance at 31 Dec 2019 | 33,644 | - |
Share
CompanyBalance at 1 Jan 2018, previously reported Effect of application of SFRS(I) 9
Balance at 1 Jan 2018, restated
Loss for the period, representing total comprehensive loss for the period
Note
Fair value | Accumulated | ||
reserve | profits/(losses) | Net | |
US$'000 | US$'000 | US$'000 | |
(20) | 4,771 | 46,102 | |
20 | (20) | - | |
- | 4,751 | 46,102 | |
- | (7,169) | (7,169) | |
- | - | (2,855) | |
- | - | - | |
- | (2,336) | (2,336) | |
- | (4,754) | 33,742 | |
- | (4,754) | 33,742 | |
- | (511) | (511) | |
- | (5,265) | 33,231 | |
- | (5,265) | 33,231 | |
- | (3,962) | (3,962) | |
- | - | - | (2,557) |
2,295 | - | (9,227) | 26,712 |
2,295 | - | (9,227) | 26,712 |
- | - | (460) | (460) |
2,295 | - | (9,687) | 26,252 |
1(d)(ii) Details of any changes in the company's share capital arising from rights issue, bonus issue, subdivision, consolidation, share buy-backs, exercise of share options or warrants, conversion of other issues of equity securities, issue of shares for cash or as consideration for acquisition or for any other purpose since the end of the previous period reported on. State the number of shares that may be issued on conversion of all the outstanding convertibles, if any, against the total number of issued shares excluding treasury shares and subsidiary holdings of the issuer, as at the end of the current financial period reported on and as at the end of the corresponding period of the immediately preceding financial year. State also the number of shares held as treasury shares and the number of subsidiary holdings, if any, and the percentage of the aggregate number of treasury shares and subsidiary holdings held against the total number of shares outstanding in a class that is listed as at the end of the current financial period reported on and as at the end of the corresponding period of the immediately preceding financial year.
Number of shares ('000)
Quarter
Year-to-dateShare Capital
Q4 2019
Balance at beginning of period Cancellation during the period Balance at end of period
35,204
-
35,204
Q4 2018
31-Dec-19 | 31-Dec-18 | |
35,204 | 35,204 | 35,358 |
- | - | (154) |
35,204 | 35,204 | 35,204 |
Number of shares ('000)Quarter
Year-to-dateTreasury Shares
Balance at beginning of period Cancellation during the period Balance at end of period
Q4 2019
31-Dec-18 | |||
- | - | - | 154 |
- | - | - | (154) |
- | - | - | - |
Q4 2018
31-Dec-19
The Company undertook a capital reduction and cash distribution pursuant to Section 78C of the Companies Act and the shareholders' approval at the annual general meeting held on 30 April 2019.
The Company made payment to the shareholders of S$0.1 per share for the cash distribution pursuant to the capital reduction. The sum of US$2,556,545 (S$3,520,363) was distributed to shareholders on 30 June 2019.
The capital reduction reduced the issued and paid-up share capital of the Company by US$2,556,545 (S$3,520,363) from US$36,325,634 (S$42,611,838) to US$33,769,089 (S$39,091,475).
The Company purchased a total of 154,400 shares through market purchase in 2017. The total amount paid to acquire shares was US$125,000 and the 154,400 treasury shares has been cancelled on 18 May 2018.
1(d)(iii)To show the total number of issued shares excluding treasury shares as at the end of the current financial period and as at the end of the immediately preceding year.
Total number of issued shares excluding treasury shares as at the end of the current financial period is 35,203,627 (31 December 2018:35,203,627) shares.
1(d)(iv)A statement showing all sales, transfers, cancellation and/or use of treasury shares as at the end of the current financial period reported on.
There were no sales, transfers, disposal, cancellation and/or use of treasury shares during the current financial period.
1(d)(v) A statement showing all sales, transfers, cancellation and/or use of subsidiary holdings as at the end of the current financial period reported on.
Not Applicable.
2 Whether the figures have been audited or reviewed and in accordance with which auditing standard or practice.
The figures have neither been audited nor reviewed by our auditors.
3 Where the figures have been audited or reviewed, the auditors' report (including any qualification or emphasis of a matter).
Not applicable.
4 Whether the same accounting policies and methods of computation as in the issuer's most recently audited annual financial statements have been applied.
The accounting policies and methods of computation applied by the Group and the Company are consistent with those used in its most recently audited financial statements for the year ended 31 December 2018 and the first interim financial report for the three months period ended 31 March 2019.
5 If there are any changes in the accounting policies and methods of computation, including any required by an accounting standard, what has changed, as well as the reasons for, and the effect of the change.
Please refer to Section 5 of the first interim financial report for the three months period ended 31
March 2019.
6 Loss / earnings per ordinary share of the group for the current financial period reported on and the corresponding period of the immediately preceding financial period, after deducting any provision for preference dividends.
Group
1- Jan-19 to
1- Jan-18 to
31-De c-19
31-De c-18
On a basic and fully diluted basis (US cents per share)
(9.40)
(14.17)
- Weighted average number of shares ('000)
35,204
35,204
The diluted loss per share is the same as basic (loss)/earning per share as there is no potential dilutive ordinary shares.
7 Net asset value (for the issuer and group) per ordinary share based on issued share capital of the issuer at the end of (a) the current financial period reported on and (b) immediately preceding financial year.
31-Dec-19
31-Dec-18
Net asset value per share (US dollars)
-The Group
0.82
0.98
-The Company
0.75
0.94
Net asset value per ordinary share is calculated based on the share capital of 35,203,627 (31 December 2018:35,203,627) ordinary shares outstanding excluding treasury shares as at the end of the relevant financial period.
8 A review of the performance of the group, to the extent necessary for a reasonable understanding of the group's business. It must include a discussion of the following:
(a) any significant factors that affected the turnover, costs, and loss of the group for the current financial period reported on, including (where applicable) seasonal or cyclical factors; and
(b) any material factors that affected the cash flow, working capital, assets or liabilities of the group during the current financial period reported on.
Review of Operating Results
Administration expenses
Administration expenses for the year ended 31 December 2019 decreased by 25.3% to US$2.2 million, compared to US$3.0 million in the corresponding period of 2018, mainly due to lower personnel costs and reversed unused accrued expenses.
Other operating expenses
Other operating expenses for 4Q 2019 increased by 26.1% to US$0.4 million, compared to US$0.3 million in 4Q 2018. Other operating expenses for the year ended 31 December 2019 increased by 7.3% to US$1.3 million, compared to US$1.2 million in the corresponding period of 2018, mainly due to the impairment of property, plant and equipment recognised in 2019.
Finance costs
Finance costs for the year ended 31 December 2019 increased by 115.6% to US$0.3 million, compared to US$0.1 million in the corresponding period of 2018, mainly due to the increase of interest expense from the leases.
Income tax benefit / expense
Income tax benefit for the year ended 31 December 2019 amounted to US$0.2 million, compared to income tax expense amounted to US$1.3 million in the corresponding period of 2018. This is mainly due to overprovision of undistributed earning tax for 2017 reversed in current period, while the income tax expense in 2018 arose from adjustment on deferred tax assets due to reduced profitability.
Financial position of the Group Cash
Cash decreased by 28.9% to US$3.6 million as at 31 December 2019, compared to US$5.0 million as at 31 December 2018, mainly due to higher cash outflow for purchase of equipment.
Trade receivables
Trade receivables decreased by 17.7% to US$4.5 million as at 31 December 2019, compared to US$5.5 million as at 31 December 2018, reflecting the lower sales in 4Q 2019 compared to 4Q 2018.
Property, plant and equipment
Property, plant and equipment decreased by 14% to US$27.9 million as at 31 December 2019, compared to US$32.4 million as at 31 December 2018, mainly due to depreciation expense charged during the period which was partially offset by additions to property, plant and equipment during the period.
Financial asset at fair value through profit or loss
Financial asset at fair value through profit or loss decreased by 22.1% to US$0.5 million as at 31 December 2019, compared to US$0.6 million as at 31 December 2018, mainly due to the redemption of the investment in Greater China Growth fund.
Lease liabilities current and non-current
Lease liabilities current and non-current decreased by 32.1% to US$1.9 million as at 31 December 2019, compared to US$2.8 million as at 31 December 2018, mainly due to the repayment of finance leases during the period.
Share capital
Share capital decreased by 7.1% to US$33.6 million as at 31 December 2019, compared to US$36.2 million as at 31 December 2018, as a result of the capital reduction in 2Q 2019.
9 Where a forecast, or a prospect statement, has been previously disclosed to shareholders, any variance between it and the actual results.
Not applicable.
10 A commentary at the date of the announcement of the significant trends and competitive conditions of the industry in which the group operates and any known factors or events that may affect the group in the next reporting period and the next 12 months.
The International Monetary Fund has reduced global growth rate for 2020 in January from previous forecasts made last October. Sentiments have weakened due to the recent outbreak of the coronavirus, increasing the levels of uncertainty. The Chinese economy as well as global supply chains are expected to experience significant impacts from the coronavirus, downplaying the positive impact of the intermittent favourable news on the US-China trade negotiations.
The Group is focused on the testing of automotive applications and mixed signals, logic and contact image sensors.
11. Dividend
(a) Current financial period reported on
Any dividend declared for the current financial period reported on? None.
(b) Corresponding period of the immediately preceding financial year
Any dividend declared for the corresponding period of the immediately preceding financial year?
None.
(c) Date payable Not applicable.
(d) Books closure date Not applicable.
12. If no dividend has been declared/recommended, a statement to that effect and the reason(s) for the decision.
No dividend has been declared due to the Company's net loss position.
13. If the group has obtained a general mandate from shareholders for Interested Person Transactions ("IPT"), the aggregate value of such transactions as required under Rule 920(1)(a)(ii). If no IPT mandate has been obtained, a statement to that effect.
No IPT mandate has been obtained from shareholders. The Company and its subsidiary did not
enter into any IPT during the financial period ended 31 December 2019.
14. Confirmation Pursuant to Rule 720(1) of the Listing Manual
The Company has procured undertaking from all its directors and executive officers as set out in Appendix 7.7 under Rule 720(1) of the Listing Manual.
15. Segmental revenue and results for business or geographical segments (of the group) in the form presented in the issuer's most recently audited annual financial statements, with comparative information for the immediately preceding year.
Products and services from which reportable segments derive their revenues
Information is reported to the Group's chief operating decision maker for the purposes of resource allocation and assessment of segment performance. The Group's sole operating segment is the provision of testing services to customers in the semi-conductor industry.
As there is only one principal operating segment, the information regarding its revenues and results, assets and other information is represented by the financial statements as a whole.
Geographical information
The Group's operations and its assets are located mainly in Taiwan, Republic of China. Its key customers are located mainly in Taiwan, Republic of China, the United States of America and Singapore. The Group's revenue from external customers and information about its non-current assets by geographical location are detailed below:
Revenue by geographical region based on customers
Asia
North America Others
1 Jan 2019 to 31 Dec 2019
1 Jan 2018 to 31 Dec 2018
US$'000 | |
16,304 | 72.8 |
6,032 | 27.0 |
36 | 0.2 |
22,372 | 100.0 |
% | US$'000 |
14,369 | 63.1 |
8,388 | 36.9 |
2 | - |
22,759 | 100.0 |
%
1 Oct 2019 to 31 Dec 2019
US$'000
16.
Asia
North America Others
Non-current assets by geographical location
T aiwan
A breakdown of sales
Sales reported for first half year
4,343 77.5
1,241 22.2
15 0.3
5,599
Operating loss after tax before deducting non-controlling interests reported for first half year
Sales reported for second half year
11,262 3.8
(1,534) (46.8)
11,110 (6.7)
1 Oct 2018 to 31 Dec 2018
Operating loss after tax before deducting non-controlling interests reported for second half year
% | US$'000 |
3,774 | 62.7 |
2,246 | 37.3 |
2 | - |
6,022 | 100.0 |
31-De c-19 | 31-Dec-18 |
US$'000 | US$'000 |
27,952 | 32,504 |
1-Jan-18 to | |
31-Dec-18 | Change |
US$'000 | % |
10,852 | |
(2,882) | |
11,907 | |
(2,107) |
1-Jan-19 to 31-Dec-19 US$'000
100.0
%
(1,774) (15.8)
17. A breakdown of the total annual dividend (in dollar value) for the issuer's latest full year and its previous full year
Not applicable
18. Disclosure of person occupying a managerial position in the issuer or any of its principal subsidiaries who is a relative of a director or chief executive officer or substantial shareholder of the issuer pursuant to Rule 704(13). If there are no such persons, the issuer must make an appropriate negative statement.
The Company confirms that there is no person occupying a managerial position in the Company or any of its principal subsidiaries who is a relative of a Director or chief executive officer or substantial shareholder of the Company pursuant to Rule 704(13) of the SGX Listing Manual.
BY ORDER OF THE BOARD
Chen Tie-Min
Senior Executive Director 24 February 2020
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Global Testing Corporation Ltd. published this content on 23 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 March 2021 11:24:05 UTC.