Quarterly rpt on consolidated results for the financial period ended 30 Sep 2021
IHH HEALTHCARE BERHAD
Financial Year End | 31 Dec 2021 |
Quarter | 3 Qtr |
Quarterly report for the financial | 30 Sep 2021 |
period ended | |
The figures | have not been audited |
Attachments
IHH_Q3 2021 Quarterly Report.pdf
460.3 kB
IHH Q3 2021 Press Release 29.11.2021.PDF
747.1 kB
Default Currency Other Currency
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2021
INDIVIDUAL PERIOD | CUMULATIVE PERIOD | ||||
CURRENT | PRECEDING YEAR | CURRENT | PRECEDING | ||
YEAR | CORRESPONDING | YEAR TO | YEAR | ||
QUARTER | QUARTER | DATE | CORRESPONDING | ||
PERIOD | |||||
30 Sep 2021 | 30 Sep 2020 | 30 Sep 2021 | 30 Sep 2020 | ||
$$'000 | $$'000 | $$'000 | $$'000 | ||
1 | Revenue | 4,444,996 | 3,518,331 | 12,661,047 | 9,638,617 |
2 | Profit/(loss) before | 616,618 | 395,969 | 1,871,578 | -93,420 |
tax | |||||
3 | Profit/(loss) for the | 675,658 | 309,186 | 1,654,629 | -289,620 |
period | |||||
4 | Profit/(loss) | 550,000 | 309,952 | 1,408,927 | -130,476 |
attributable to | |||||
ordinary equity | |||||
holders of the | |||||
parent | |||||
5 | Basic | 6.01 | 3.28 | 15.30 | -2.26 |
earnings/(loss) per | |||||
share (Subunit) | |||||
6 | Proposed/Declared | 0.00 | 0.00 | 0.00 | 0.00 |
dividend per share | |||||
(Subunit) | |||||
AS AT END OF CURRENT | AS AT PRECEDING FINANCIAL | |
QUARTER | YEAR END | |
7 Net assets per | 2.5700 | 2.4800 |
share attributable | ||
to ordinary equity | ||
holders of the | ||
parent ($$) | ||
Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit. Example for the subunit as follows:
Country | Base Unit | Subunit |
Malaysia | Ringgit | Sen |
United States | Dollar | Cent |
United Kingdom | Pound | Pence |
Announcement Info
Company Name | IHH HEALTHCARE BERHAD |
Stock Name | IHH |
Date Announced | 29 Nov 2021 |
Category | Financial Results |
Reference Number | FRA-29112021-00086 |
IHH HEALTHCARE BERHAD
Registration No. 201001018208 (901914-V)
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
30 SEPTEMBER 2021
IHH HEALTHCARE BERHAD
Registration No. 201001018208 (901914-V)
(Incorporated in Malaysia)
UNAUDITED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE FINANCIAL PERIOD ENDED 30 SEPTEMBER 2021
3rd quarter ended | Financial period ended | ||||
Note 30 Sep 2021 | 30 Sep 2020 | Variance | 30 Sep 2021 | 30 Sep 2020 | Variance |
RM'000 | RM'000 | % | RM'000 | RM'000 | % |
Revenue | 1 |
Other operating income | 2 |
Inventories and consumables | |
Purchased and contracted services | |
Staff costs | 3 |
Depreciation and impairment of property, plant and equipment | 4 |
Depreciation and impairment of right-of-use ("ROU") assets | 5 |
Amortisation and impairment of intangible assets | |
Operating lease expenses | |
Other operating expenses | 6 |
Finance income | 7 |
Finance costs | 7 |
Share of profits/(losses) of associates (net of tax) | 8 |
Share of profits of joint ventures (net of tax) | 9 |
Profit/(Loss) before tax | |
Income tax expense | 10 |
Profit/(Loss) for the period | |
Other comprehensive income, net of tax | |
Items that are or may be reclassified subsequently | |
to profit or loss | |
Foreign currency translation differences from | |
foreign operations | 11 |
Realisation of FCTR1 upon disposal of a joint venture | |
/substantive liquidation of a subsidiary and a joint venture | |
Hedge of net investments in foreign operations | 11 |
Cash flow hedge | |
Cost of hedging reserve |
Items that will not be reclassified subsequently to profit or loss
Remeasurement of defined benefit liabilities
Total comprehensive income for the period
Profit/(Loss) attributable to:
Owners of the Company
Non-controlling interests
Profit/(Loss) for the period
Total comprehensive income attributable to:
Owners of the Company
Non-controlling interests
Total comprehensive income for the period
Earnings per share (sen)
Basic
Diluted
NM: Not meaningful
Note:
1. Foreign currency translation reserve
4,444,996 | 3,518,331 | 26% | 12,661,047 | 9,638,617 | 31% | |
135,111 | 295,814 | -54% | 536,312 | 559,901 | -4% | |
(930,141) | (730,464) | -27% | (2,669,383) | (2,007,597) | -33% | |
(412,660) | (311,626) | -32% | (1,133,011) | (945,689) | -20% | |
(1,643,585) | (1,324,740) | -24% | (4,587,812) | (3,933,541) | -17% | |
(268,021) | (236,302) | -13% | (887,522) | (710,288) | -25% | |
(83,024) | (118,629) | 30% | (238,177) | (294,192) | 19% | |
(11,493) | (14,032) | 18% | (35,660) | (45,318) | 21% | |
(20,577) | (17,934) | -15% | (58,169) | (49,351) | -18% | |
(494,112) | (407,400) | -21% | (1,414,562) | (1,671,916) | 15% | |
(18,973) | 112,899 | -117% | 169,976 | 243,815 | -30% | |
(86,768) | (375,581) | 77% | (503,702) | (881,571) | 43% | |
5,409 | (241) | NM | 23,740 | 1,750 | NM | |
456 | 5,874 | -92% | 8,501 | 1,960 | NM | |
616,618 | 395,969 | 56% | 1,871,578 | (93,420) | NM | |
59,040 | (86,783) | 168% | (216,949) | (196,200) | -11% | |
675,658 | 309,186 | 119% | 1,654,629 | (289,620) | NM |
25,430 | (306,521) | 108% | 3,626 | (398,103) | 101% |
- | (193,403) | 100% | 22,148 | (132,984) | 117% |
58,030 | 19,290 | NM | 97,300 | (65,741) | NM |
376 | 494 | -24% | 8,802 | (8,614) | NM |
(406) | 301 | NM | (36) | 226 | -116% |
83,430 | (479,839) | 117% | 131,840 | (605,216) | 122% |
(310) | 3,704 | -108% | 849 | (869) | 198% |
NM | NM | ||||
758,778 | (166,949) | 1,787,318 | (895,705) | ||
550,000 | 309,952 | 77% | 1,408,927 | (130,476) | NM |
125,658 | (766) | NM | 245,702 | (159,144) | NM |
675,658 | 309,186 | 119% | 1,654,629 | (289,620) | NM |
619,891 | (169,888) | NM | 1,524,659 | (659,591) | NM |
138,887 | 2,939 | NM | 262,659 | (236,114) | NM |
758,778 | (166,949) | NM | 1,787,318 | (895,705) | NM |
6.01 | 3.28 | 83% | 15.30 | (2.26) | NM |
6.01 | 3.28 | 83% | 15.30 | (2.26) | NM |
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IHH HEALTHCARE BERHAD
Registration No. 201001018208 (901914-V)
(Incorporated in Malaysia)
UNAUDITED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE FINANCIAL PERIOD ENDED 30 SEPTEMBER 2021
SUPPLEMENTARY INFORMATION
Note | 3rd quarter ended | Financial period ended | ||||||
30 Sep 2021 | 30 Sep 2020 | Variance | 30 Sep 2021 | 30 Sep 2020 | Variance | |||
Profit attributable to owners of the Company, | RM'000 | RM'000 | % | RM'000 | RM'000 | % | ||
excluding EIxi | 354,592 | 238,361 | 49% | 1,154,002 | 343,557 | NM | ||
Add back/(Less): Exceptional items ("EI") | ||||||||
Remeasurement to fair value of interest in a joint venturei | 409 | - | 86,177 | - | ||||
Impairment loss on goodwillii | 5 | - | 2,089 | - | (397,064) | |||
Gain on disposal of a subsidiaryiii | - | - | - | 13,188 | ||||
Gain/(Loss) on disposal of joint venturesiv | - | (407) | 139,053 | (407) | ||||
Realisation of FCTR upon substantive liquidation of | ||||||||
a subsidiary and a joint venturev | 5 | - | 193,403 | - | 132,984 | |||
Provision for loan taken by a joint venturevi | (2,564) | (866) | (2,564) | (3,307) | ||||
Impairment of assetsvii | (51,284) | - | (241,282) | - | ||||
Deferred tax assets previously not recognisedviii | 248,196 | - | 248,196 | - | ||||
Change in fair value of cross currency swapsix | 6 | (29,790) | 91,093 | 125,193 | 187,309 | |||
Exchange gain/(loss) on net borrowingsx | 6 | 31,600 | (265,911) | (126,328) | (494,563) | |||
196,567 | 19,401 | 228,445 | (561,860) | |||||
Less: Tax effects on EI | (2,153) | 38,565 | 284 | 64,912 | ||||
Less: Non-controlling interests' share of EI | 994 | 13,625 | 26,196 | 22,915 | ||||
195,408 | 71,591 | 254,925 | (474,033) | |||||
Profit/(Loss) attributable to owners of the Company | 77% | NM | ||||||
550,000 | 309,952 | 1,408,927 | (130,476) | |||||
Earnings per share, excluding EIxi (sen) | ||||||||
Basic | 3.78 | 2.46 | 54% | 12.40 | 3.15 | NM | ||
Diluted | 3.78 | 2.46 | 54% | 12.39 | 3.14 | NM |
NM: Not meaningful
Note:
"Acibadem Holdings" as referred to throughout this financial report includes the wholly-owned Integrated Healthcare Turkey Yatirimlari Limited Group, which owns approximately 90% interest in Acıbadem Sağlık Yatırımları Holding A.Ş. Group.
- Remeasurement to fair value of interests in DDRC SRL Diagnostics Private Limited ("DDRC SRL"), upon acquisition of controlling interest in DDRC SRL
- Impairment of goodwill over Ravindranath GE Medical Associates Pte Ltd (also known as "Global Hospitals")
- Disposal of 70% interest in Famicord Acibadem Kordon Kani Saglik Hizmetleri Anonim Sirketi
- Disposal of joint ventures - Apollo Gleneagles Hospital Ltd, net of realisation of FCTR of RM22.1 million loss (2020: Shanghai Hui Xing Hospital Management Co., Ltd. and Shanghai Hui Xing Jinpu Co., Ltd. ("Shanghai Hui Xing Group"))
- Realisation of FCTR upon substantive liquidation of IHH (Bharat) Limited (a subsidiary) and Khubchandani Hospital (a joint venture)
- Provision for proportionate share of amounts owed by Khubchandani Hospitals on its loans, that is unlikely to be repaid
- Impairment of assets of Gleneagles Chengdu Hospital (the Group's hospital that was operational in late 2019 whose ramp up was longer than expected and was hampered by the COVID-19 pandemic) and Andaman Alliance Healthcare Limited ("AAHL") (the Group's greenfield hospital project in Myanmar which has stalled)
- Deferred tax assets previously not recognised by Acibadem Holdings
- Fair value changes of cross-currency swaps which were entered to hedge a portion of Acibadem Holdings' foreign currency denominated borrowings
- Exchange differences arising from foreign currency denominated borrowings/payables net of foreign currency denominated cash/receivables, recognised by Acibadem Holdings (As at 30 September 2021, Euro/TL=10.3135)
- Exceptional items, net of tax and non-controlling interests
The unaudited Consolidated Statement of Profit or Loss and Other Comprehensive Income should be read in conjunction with the 2020 Audited Financial Statements and the accompanying explanatory notes attached to this financial report.
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IHH Healthcare Berhad published this content on 29 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 November 2021 10:49:02 UTC.