K One Technology Berhad : 1st Quarter 2022

K-One Technology Berhad

[Registration No. 200101004001 (539757-K)]

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE FIRST QUARTER ENDED 31 MARCH 2022

K-One Technology Berhad

[Registration No. 200101004001 (539757-K)]

Condensed Consolidated Statements of Comprehensive Income

For The First Quarter Ended 31 March 2022

	3 months ended	3 months ended
Figures in RM'000
	31.3.2022	31.3.2021	31.3.2022	31.3.2021
	Unaudited	Unaudited	Unaudited	Unaudited
Operating revenue	38,111	31,031	38,111	31,031
Cost of sales	(32,665)	(25,965)	(32,665)	(25,965)
Gross profit	5,446	5,066	5,446	5,066
Other income	211	292	211	292
Interest income	101	177	101	177
Operating expense	(4,632)	(4,280)	(4,632)	(4,280)
Profit before tax	1,126	1,254	1,126	1,254
Income tax expense	(423)	(101)	(423)	(101)
Profit for the period	703	1,153	703	1,153
Profit attributable to:
Owners of the Parent	703	1,153	703	1,153
Non-controlling interests	-	-	-	-
	703	1,153	703	1,153
Earnings per share (EPS)
attributable to
owners of the Parent (sen):
Basic EPS	0.08	0.14	0.08	0.14
Diluted EPS	0.08	0.14	0.08	0.14

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K-One Technology Berhad

[Registration No. 200101004001 (539757-K)]

Condensed Consolidated Statements of Comprehensive Income

For The First Quarter Ended 31 March 2022 (Cont'd)

3 months ended

3 months ended

Figures in RM'000

31.3.2022 31.3.2021 31.3.2022 31.3.2021

Unaudited Unaudited Unaudited Unaudited

	Profit for the period	703	1,153	703	1,153
	Items that may be subsequently
	reclassified to profit:
	Foreign currency translation	2	3	2	3
	Total comprehensive income	705	1,156	705	1,156

Total comprehensive income
attributable to:
Owners of the Parent	705	1,156	705	1,156
Non-controlling interests	-	-	-	-
	705	1,156	705	1,156

The above condensed consolidated statements of comprehensive income should be read in conjunction with the audited financial statements for the year ended 31 December 2021 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 31 March 2022

	Unaudited	Audited
Figures in RM'000	31.3.2022	31.12.2021
ASSETS
Non-Current Assets
Property, plant and equipment	16,297	16,732
Prepaid land lease	847	854
Intangible assets	29	29
Goodwill on consolidation	18,561	18,561
Investment property	4,800	4,800
Deferred tax assets	1,939	1,930
Other investment	115	115
Total Non-Current Assets	42,588	43,021
Current Assets
Inventories	27,400	27,668
Trade receivables	26,004	25,426
Other receivables	8,464	7,418
Tax recoverable	2,591	2,322
Short-term cash investments	9,538	16,538
Cash and cash equivalents	34,573	29,871
Total Current Assets	108,570	109,243
TOTAL ASSETS	151,158	152,264
EQUITY AND LIABILITIES
Equity
Share capital	123,644	123,644
Translation reserves	(76)	245
Retained earnings	(8,146)	(9,172)
Total Equity	115,422	114,717

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K-One Technology Berhad

[Registration No. 200101004001 (539757-K)]

Condensed Consolidated Statements of Financial Position

As At 31 March 2022 (Cont'd)

	Unaudited	Audited
Figures in RM'000	31.3.2022	31.12.2021
EQUITY AND LIABILITIES (Cont'd)
Non-Current Liabilities
Deferred tax liabilities	396	387
Total Non-Current Liabilities	396	387
Current Liabilities
Trade payables	24,586	26,401
Other payables and accruals	2,334	2,685
Contract liabilities	7,862	7,363
Tax payable	558	711
Total Current Liabilities	35,340	37,160
Total Liabilities	35,736	37,547
TOTAL EQUITY AND LIABILITIES	151,158	152,264
Net assets per share attributable to Owners of the	13.87	13.79
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 2021 and the accompanying explanatory notes attached to the interim financial statements.

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