K One Technology : 2nd Quarter 2023

K-One Technology Berhad

[Registration No. 200101004001 (539757-K)]

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE SECOND QUARTER ENDED 30 JUNE 2023

K-One Technology Berhad

[Registration No. 200101004001 (539757-K)]

Condensed Consolidated Statements of Comprehensive Income

For The Second Quarter Ended 30 June 2023

	3 months ended	6 months ended
Figures in RM'000
	30.6.2023	30.6.2022	30.6.2023	30.6.2022
	Unaudited	Unaudited	Unaudited	Unaudited
Operating revenue	43,214	35,229	84,161	73,340
Cost of sales	(38,562)	(33,930)	(74,345)	(66,595)
Gross profit	4,652	1,299	9,816	6,745
Other income	1,079	745	1,687	956
Interest income	196	99	361	200
Operating expense	(5,561)	(4,817)	(11,726)	(9,449)
Profit/(Loss) before tax	366	(2,674)	138	(1,548)
Income tax expense	(348)	(151)	(545)	(574)
Profit/(Loss) for the period	18	(2,825)	(407)	(2,122)
Profit/(Loss) attributable to:
Owners of the Parent	18	(2,825)	(407)	(2,122)
Non-controlling interests	-	-	-	-
	18	(2,825)	(407)	(2,122)
Earnings/(Loss) per share
EPS/(LPS) attributable to
owners of the Parent (sen):
Basic EPS/(LPS)	0.00	(0.34)	(0.05)	(0.26)
Diluted EPS/(LPS)	0.00	(0.34)	(0.05)	(0.26)

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K-One Technology Berhad

[Registration No. 200101004001 (539757-K)]

Condensed Consolidated Statements of Comprehensive Income

For The Second Quarter Ended 30 June 2023 (Cont'd)

	3 months ended	6 months ended
Figures in RM'000
	30.6.2023	30.6.2022	30.6.2023	30.6.2022
	Unaudited	Unaudited	Unaudited	Unaudited
Profit/(Loss) for the period	18	(2,825)	(407)	(2,122)
Items that may be subsequently
reclassified to profit:
Foreign currency translation	80	(44)	125	(42)

Total comprehensive income/(loss)

98 (2,869)

1. (2,164)

Total comprehensive income/(loss) attributable to:

Owners of the Parent	98	(2,869)	(282)	(2,164)
Non-controlling interests	-	-	-	-
	98	(2,869)	(282)	(2,164)

The above condensed consolidated statements of comprehensive income should be read in conjunction with the audited financial statements for the year ended 31 December 2022 and the accompanying explanatory notes attached to the interim financial statements.

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K-One Technology Berhad

[Registration No. 200101004001 (539757-K)]

Condensed Consolidated Statements of Financial Position

As At 30 June 2023

	Unaudited	Audited
Figures in RM'000	30.6.2023	31.12.2022
ASSETS
Non-Current Assets
Property, plant and equipment	16,521	16,134
Prepaid land lease	811	825
Intangible assets	58	66
Goodwill on consolidation	22,669	18,561
Investment property	4,584	4,632
Deferred tax assets	2,226	2,226
Other investment	-	115
Total Non-Current Assets	46,869	42,559
Current Assets
Inventories	37,509	33,532
Trade receivables	40,569	34,588
Other receivables	5,452	4,056
Contract cost	3,849	3,931
Tax recoverable	2,666	1,589
Short term cash investments	7,104	5,075
Cash and bank balances	36,242	37,376
Total Current Assets	133,391	120,147

TOTAL ASSETS

180,260

162,706

EQUITY AND LIABILITIES
Equity
Share capital	123,644	123,644
Reserves	85	(40)
Non-controlling interests	901	-
Retained earnings	(9,402)	(8,995)
Total Equity	115,228	114,609

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K-One Technology Berhad

[Registration No. 200101004001 (539757-K)]

Condensed Consolidated Statements of Financial Position

As At 30 June 2023 (Cont'd)

	Unaudited	Audited
Figures in RM'000	30.6.2023	31.12.2022
EQUITY AND LIABILITIES (Cont'd)
Non-Current Liabilities
Deferred tax liabilities	567	567
Total Non-Current Liabilities	567	567
Current Liabilities
Trade payables	39,943	29,885
Other payables and accruals	7,121	7,902
Contract liabilities	16,271	9,585
Tax payable	1,130	158
Total Current Liabilities	64,465	47,530
Total Liabilities	65,032	48,097
TOTAL EQUITY AND LIABILITIES	180,260	162,706
Net assets per share attributable to Owners of the	13.85	13.78
Parent (sen)

The above condensed consolidated statements of financial position should be read in conjunction with the audited financial statements for the year ended 31 December 2022 and the accompanying explanatory notes attached to the interim financial statements.

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