FINANCIAL STATEMENTS AND RELATED ANNOUNCEMENT::FULL YEARLY RESULTS
Issuer & Securities
Issuer/ Manager
GOLDEN AGRI-RESOURCES LTD
Securities
GOLDEN AGRI-RESOURCES LTD - MU0117U00026 - E5H
Stapled Security
No
Announcement Details
Announcement Title
Financial Statements and Related Announcement
Date &Time of Broadcast 25-Feb-2021 17:19:36
Status
New
Announcement Sub Title
Full Yearly Results
Announcement Reference
SG210225OTHR5YT2
Submitted By (Co./ Ind. Name)
Kimberley Lye Chor Mei
Designation
Director, Corporate Secretarial
Description (Please provide a detailed description of the event in the box below - Refer to the Online help for the format)
Golden Agri-Resources Ltd has released its unaudited �nancial results for the fourth quarter and full year ended 31 December 2020. Please refer to the following attachments in relation thereto:
(1) Unaudited consolidated �nancial statements for the year ended 31 December 2020;
(2) Media Release; and
(3) Full Year 2020 Results Presentation.
Additional Details
For Financial Period Ended 31/12/2020
Attachments
GAR03-25-02-2021-Financial Results FY2020.pdf
GAR03-25-02-2021-Media Release FY2020.pdf
GAR03-25-02-2021-Results Presentation FY2020.pdf
Total size =1734K MB
GOLDEN AGRI-RESOURCES LTD
Full Year Financial Statement And Dividend Announcement
FINANCIAL HIGHLIGHTS
Revenue Gross Profit EBITDA1 Underlying profit 2 Underlying profit per share (USD cents) Net profit attributable to owners of the Company Total dividend per share (SGD cents) | Full Year 2020 US$'000 7,077,888 1,150,042 669,007 230,187 1.81 31,755 0.48 | Full Year 2019 US$'000 6,431,799 831,467 696,695 271,815 2.13 193,977 0.58 | Change % 10.0 38.3 (4.0) (15.3) (15.3) (83.6) (17.2) | 2nd Half 2020 US$'000 3,687,319 761,504 479,782 241,564 1.90 188,625 | 2nd Half 2019 US$'000 3,265,267 486,899 498,761 287,153 2.25 240,364 | Change % 12.9 56.4 (3.8) (15.9) (15.9) (21.5) |
Notes:
(1) Earnings before tax, non-controlling interests, interest on borrowings, depreciation and amortisation, net gain/(loss) from changes in fair value of biological assets, foreign exchange gain/(loss) and exceptional items.
(2) Net profit/(loss) attributable to owners of the Company excluding net effect of net gain or loss from changes in fair value of biological assets and depreciation of bearer plants, exceptional items and other non-operating items (foreign exchange gain or loss, net tax impact from tax-based asset revaluations, and other deferred tax income or expense).
(3) n.m. - not meaningful.
PART I - INFORMATION REQUIRED FOR QUARTERLY (Q1, Q2 & Q3), HALF-YEAR AND FULL YEAR
ANNOUNCEMENTS
1(a)An income statement and statement of comprehensive income for the group together with a comparative statement for the corresponding period of the immediately preceding financial year
UNAUDITED CONSOLIDATED INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020
Full Year | Full Year | 2nd Half | 2nd Half | |||
2020 | 2019 | Change | 2020 | 2019 | Change | |
US$'000 | US$'000 | % | US$'000 | US$'000 | % | |
Revenue | 7,077,888 | 6,431,799 | 10.0 | 3,687,319 | 3,265,267 | 12.9 |
Cost of sales | (5,927,846) | (5,600,332) | 5.8 | (2,925,815) | (2,778,368) | 5.3 |
Gross Profit | 1,150,042 | 831,467 | 38.3 | 761,504 | 486,899 | 56.4 |
Operating expenses | ||||||
Selling expenses | (548,864) | (354,650) | 54.8 | (309,933) | (181,410) | 70.8 |
General and administrative | ||||||
expenses | (295,266) | (341,115) | (13.4) | (157,356) | (190,912) | (17.6) |
Total operating expenses | (844,130) | (695,765) | 21.3 | (467,289) | (372,322) | 25.5 |
Operating profit | 305,912 | 135,702 | 125.4 | 294,215 | 114,577 | 156.8 |
Other income/(expenses) | ||||||
Financial income | 15,787 | 18,154 | (13.0) | 8,459 | 7,353 | 15.0 |
Financial expenses | (141,384) | (166,524) | (15.1) | (71,107) | (84,665) | (16.0) |
Share of results of associated | ||||||
companies, net of tax | 4,203 | 3,890 | 8.0 | 3,177 | 793 | 300.6 |
Share of results of joint ventures, | ||||||
net of tax | 619 | (13,010) | n.m. | 732 | (5,347) | n.m. |
Foreign exchange (loss)/gain | (32,099) | 37,263 | n.m. | 16,154 | 34,092 | (52.6) |
Other operating income | 31,820 | 242,628 | (86.9) | 35,802 | 227,611 | (84.3) |
(121,054) | 122,401 | n.m. | (6,783) | 179,837 | n.m. | |
Exceptional items | ||||||
(Loss)/Gain on disposal of | ||||||
subsidiaries | (265) | 12,871 | n.m. | (265) | 1,379 | n.m. |
Allowance for impairment loss on | ||||||
property, plant and equipment | (530) | (10,747) | (95.1) | (530) | (10,747) | (95.1) |
Impairment loss of investment in | ||||||
a joint venture | (5,372) | - | n.m. | - | - | - |
(6,167) | 2,124 | n.m. | (795) | (9,368) | (91.5) | |
Profit before tax | 178,691 | 260,227 | (31.3) | 286,637 | 285,046 | 0.6 |
Tax | (116,580) | (47,159) | 147.2 | (78,065) | (36,656) | 113.0 |
Profit for the year/period | 62,111 | 213,068 | (70.8) | 208,572 | 248,390 | (16.0) |
Attributable to: | ||||||
Owners of the Company | 31,755 | 193,977 | (83.6) | 188,625 | 240,364 | (21.5) |
Non-controlling interests | 30,356 | 19,091 | 59.0 | 19,947 | 8,026 | 148.5 |
62,111 | 213,068 | (70.8) | 208,572 | 248,390 | (16.0) | |
Note: | ||||||
(1) n.m. - not meaningful. |
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original document
- Permalink
Disclaimer
gar - Golden Agri-Resources Ltd. published this content on 25 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 February 2021 09:39:06 UTC.