Hartalega Berhad : Q1 - Quarterly Report for FPE 30 Jun 2022

HARTALEGA HOLDINGS BERHAD

Registration No. 200601022130 (741883-X)

Unaudited Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income For the first quarter ended 30 June 2022

	Current	Corresponding	Current	Corresponding
	Quarter Ended	Quarter Ended	Year-To-Date	Year-To-Date
	30 Jun 2022	30 Jun 2021	30 Jun 2022	30 Jun 2021
	RM'000	RM'000	RM'000	RM'000
Revenue	845,673	3,902,834	845,673	3,902,834
Operating expenses	(693,073)	(1,051,690)	(693,073)	(1,051,690)
Operating Profit	152,600	2,851,144	152,600	2,851,144
Other operating (expenses)/income	(17,309)	29,324	(17,309)	29,324
Profit before interest and tax	135,291	2,880,468	135,291	2,880,468
Finance costs	(1,153)	(1,375)	(1,153)	(1,375)
Profit before tax	134,138	2,879,093	134,138	2,879,093
Taxation	(43,253)	(616,828)	(43,253)	(616,828)
Net profit for the period	90,885	2,262,265	90,885	2,262,265
Other comprehensive income/(loss)
Items that may be reclassified subsequently to
profit or loss:
Foreign currency translation difference for
foreign operations	3,100	(1,388)	3,100	(1,388)
Total comprehensive income for the period	93,985	2,260,877	93,985	2,260,877
Profit attributable to:
Owners of the Company	88,280	2,259,536	88,280	2,259,536
Non-controlling interest	2,605	2,729	2,605	2,729
	90,885	2,262,265	90,885	2,262,265
Total comprehensive income attributable to:
Owners of the Company	84,124	2,258,382	84,124	2,258,382
Non-controlling interest	9,861	2,495	9,861	2,495
	93,985	2,260,877	93,985	2,260,877
Earnings per share (sen)	2.58	66.08	2.58	66.08
EPS - Diluted ( sen )	2.58	66.08	2.58	66.08

(The Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income should be read in conjunction with the audited financial statements of the Company for the financial year ended 31 March 2022 and the accompanying notes attached to this interim financial report.)

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HARTALEGA HOLDINGS BERHAD

Registration No. 200601022130 (741883-X)

Condensed Consolidated Statement of Financial Position as at 30 June 2022

	Unaudited	Audited
	At 30 Jun 2022	At 31 Mar 2022
	RM'000	RM'000
ASSETS
Non current assets
Property, Plant & Equipment	2,333,936	2,367,032
Capital work in progress	820,541	743,728
Intangible assets	34,176	30,801
Right-of-use assets	4,406	4,923
Deferred tax assets	3,423	3,566
	3,196,482	3,150,050
Current assets
Inventories	356,677	396,947
Trade receivables	303,134	338,737
Other receivables, deposits and prepayments	119,149	79,870
Tax assets	2,118	2,090
Derivatives	1,326	1,576
Cash and cash equivalents	2,039,293	2,378,127
	2,821,697	3,197,347
TOTAL ASSETS	6,018,179	6,347,397
EQUITY AND LIABILITIES
Share capital	1,692,061	1,692,061
Reserves	3,393,759	3,429,246
Equity attributable to owners of the Company	5,085,820	5,121,307
Non-controlling interests	25,250	23,567
Total Equity	5,111,070	5,144,874
Non current liabilities
Loans and borrowings	119,433	136,658
Lease liabilities	2,816	3,190
Deferred tax liabilities	264,741	245,839
	386,990	385,687
Current liabilities
Trade payables	91,109	117,910
Other payables and accruals	226,856	260,273
Loans and borrowings	107,687	102,110
Lease liabilities	1,690	1,829
Derivatives	16,021	160
Tax payables	76,756	334,554
	520,119	816,836
Total Liabilities	907,109	1,202,523
TOTAL EQUITY AND LIABILITIES	6,018,179	6,347,397
Net assets per share attributable to the owners of the
Company (RM)	1.49	1.50

(The Condensed Consolidated Statement of Financial Position should be read in conjunction with the audited financial statements of the Company for the financial year ended 31 March 2022 and the accompanying notes attached to this interim financial report.)

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HARTALEGA HOLDINGS BERHAD

Registration No. 200601022130 (741883-X)

Unaudited Condensed Consolidated Statement of Changes in Equity

For the first quarter ended 30 June 2022

		Attributable to Owners of the Company
	Share	Treasury	Translation	Retained		Non-controlling	Total
	Capital	Shares	Reserve	Profits	Sub Total	Interest	Equity
	RM'000	RM'000	RM'000	RM'000	RM'000	RM'000	RM'000
3 Months Ended 30 June 2022
Balance as at 1 April 2022	1,692,061	(97,474)	4,753	3,521,967	5,121,307	23,567	5,144,874
Comprehensive income
Profit for the financial year	-	-	-	88,280	88,280	2,605	90,885
Other comprehensive income
Foreign curreny translation	-	-	(4,156)	-	(4,156)	7,256	3,100
Total comprehensive income for the year	-	-	(4,156)	88,280	84,124	9,861	93,985
Transaction with owners
Dividends	-	-	-	(119,611)	(119,611)	(8,178)	(127,789)
Acquisition of treasury shares	0	0	0	0	0	0	0
Total transaction with owners	-	-	-	(119,611)	(119,611)	(8,178)	(127,789)
Balance as at 30 June 2022	1,692,061	(97,474)	597	3,490,636	5,085,820	25,250	5,111,070

(The Condensed Consolidated Statement of Changes In Equity should be read in conjunction with the audited financial statements of the Company for the financial year ended 31 March 2022 and the accompanying notes attached to this interim financial report.)

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HARTALEGA HOLDINGS BERHAD

Registration No. 200601022130 (741883-X)

Unaudited Condensed Consolidated Statement of Changes in Equity

For the first quarter ended 30 June 2022

		Attributable to Owners of the Company
	Share	Treasury	Translation	Retained		Non-controlling	Total
	Capital	Shares	Reserve	Profits	Sub Total	Interest	Equity
	RM'000	RM'000	RM'000	RM'000	RM'000	RM'000	RM'000
3 Months Ended 30 June 2021
Balance as at 1 April 2021	1,692,061	-	6,338	3,276,501	4,974,900	24,212	4,999,112
Comprehensive income
Profit for the financial year	-	-	-	2,259,536	2,259,536	2,729	2,262,265
Other comprehensive loss
Foreign curreny translation	-	-	(1,154)	-	(1,154)	(234)	(1,388)
Total comprehensive income for the year	-	-	(1,154)	2,259,536	2,258,382	2,495	2,260,877
Transaction with owners
Dividends	-	-	-	(605,308)	(605,308)	-	(605,308)
Acquisition of treasury shares	-	(97,474)	-	-	(97,474)	-	(97,474)
Total transaction with owners	-	(97,474)	-	(605,308)	(702,782)	-	(702,782)
Balance as at 30 June 2021	1,692,061	(97,474)	5,184	4,930,729	6,530,500	26,707	6,557,207

(The Condensed Consolidated Statement of Changes In Equity should be read in conjunction with the audited financial statements of the Company for the financial year ended 31 March 2022 and the accompanying notes attached to this interim financial report.)

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HARTALEGA HOLDINGS BERHAD

Registration No. 200601022130 (741883-X)

Unaudited Condensed Consolidated Statement of Cash Flows

For the first quarter ended 30 June 2022

	Current	Corresponding
	Year-To-Date	Year-To-Date
	30 Jun 2022	30 Jun 2021
	RM'000	RM'000
Cash Flows from Operating Activities
Profit before tax	134,138	2,879,093
Adjustments for:
Depreciation and amortisation	40,570	37,244
Income from fixed income fund	(502)	(6,473)
Interest received	(1,544)	(2,167)
Interest expense	1,153	1,375
Other adjustments	27,083	(44,049)
Operating profit before changes in working capital	200,898	2,865,023
Changes in working capital
Net change in inventories	40,270	(946)
Net change in receivables	(9,136)	(707,910)
Net change in payables	(54,828)	(213,207)
Cash generated from operations	177,204	1,942,960
Tax paid	(281,850)	(320,611)
Net cash (used in)/from operating activities	(104,646)	1,622,349
Cash Flows used in Investing Activities
Proceeds from disposal of property, plant and equipment	533	172
Addition to:
Property, plant and equipment	(1,509)	(11,325)
Capital work-in-progress	(85,916)	(161,161)
Intangible assets	-	(39)
Income received from fixed income fund	502	6,473
Interest received	1,544	2,167
Net cash used in investing activities	(84,846)	(163,713)
Cash Flows used in Financing Activities
Repayment of term loans	(22,813)	(21,645)
Repayment of lease liabilities	(549)	(529)
Interest paid	(1,117)	(1,344)
Acquisition of treasury shares	-	(97,474)
Dividend paid	(119,611)	(605,308)
Net cash used in financing activities	(144,090)	(726,300)
Net (decrease)/increase in cash and cash equivalents	(333,582)	732,336
Effect of exchange rate fluctuations on cash and cash equivalents	(5,252)	4,226
Cash and cash equivalents at beginning of period	2,378,127	2,668,741
Cash and cash equivalents at end of period	2,039,293	3,405,303
Cash and cash equivalents at end of period comprise:
Licensed Fund Management Companies-Fixed income fund	-	2,014,156
Cash in hand and at banks	2,039,293	1,391,147
	2,039,293	3,405,303

(The Condensed Consolidated Statement of Cash Flows should be read in conjunction with the audited financial statements of the Company for the financial year ended 31 March 2022 and the accompanying notes attached to this interim financial report.)

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