K One Technology Berhad : 3rd Quarter 2021

K-One Technology Berhad

[Registration No. 200101004001 (539757-K)]

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THIRD QUARTER ENDED 30 SEPTEMBER 2021

K-One Technology Berhad

[Registration No. 200101004001 (539757-K)]

Condensed Consolidated Statements of Comprehensive Income

For The Third Quarter Ended 30 September 2021

	3 months ended	9 months ended
Figures in RM'000
	30.9.2021	30.9.2020	30.9.2021	30.9.2020
	Unaudited	Unaudited	Unaudited	Unaudited
Operating revenue	23,812	23,850	89,869	59,855
Cost of sales	(21,725)	(19,537)	(77,521)	(49,085)
Gross profit	2,087	4,313	12,348	10,770
Other income	98	174	896	665
Interest income	159	203	539	743
Operating expenses	(4,310)	(4,233)	(12,762)	(12,829)
Fair value movement on put	-	-	-	(927)
option liability
(Loss)/Profit before tax	(1,966)	457	1,021	(1,578)
Income tax (expense)/credit	(439)	66	(857)	(236)
(Loss)/Profit for the period	(2,405)	523	164	(1,814)
(Loss)/Profit attributable to:
Owners of the Parent	(2,405)	523	164	(2,225)
Non-controlling interests	-	-	-	411
	(2,405)	523	164	(1,814)
(Loss)/Earnings per share
(LPS)/EPS attributable to
owners of the Parent (sen):
Basic (LPS)/EPS	(0.29)	0.07	0.02	(0.29)
Diluted (LPS)/EPS	(0.29)	0.07	0.02	(0.29)

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K-One Technology Berhad

[Registration No. 200101004001 (539757-K)]

Condensed Consolidated Statements of Comprehensive Income

For The Third Quarter Ended 30 September 2021 (Cont'd)

3 months ended

9 months ended

Figures in RM'000

30.9.2021 30.9.2020 30.9.2021 30.9.2020

Unaudited Unaudited Unaudited Unaudited

(Loss)/Profit for the period	(2,405)	523	164	(1,814)
Items that may be subsequently
reclassified to loss:
Foreign currency translation	(21)	(6)	(15)	(6)
Total comprehensive (loss)/	(2,426)	517	149	(1,808)
income
Total comprehensive (loss)/
income attributable to:
Owners of the Parent	(2,426)	517	149	(2,219)
Non-controlling interests	-	-	-	411
	(2,426)	517	149	(1,808)

The above condensed consolidated statements of comprehensive income should be read in conjunction with the audited financial statements for the year ended 31 December 2020 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 September 2021

	Unaudited	Audited
Figures in RM'000	30.9.2021	31.12.2020
ASSETS
Non-Current Assets
Property, plant and equipment	16,790	17,747
Prepaid land lease	861	889
Intangible assets	11	13
Goodwill on consolidation	18,561	18,561
Deferred tax assets	868	99
Other investment	115	115
Total Non-Current Assets	37,206	37,424
Current Assets
Inventories	26,826	19,134
Trade receivables	20,000	23,189
Other receivables	11,170	11,633
Tax recoverable	2,331	2,038
Short term cash investments	16,530	18,651
Cash and bank balances	34,337	37,204
Total Current Assets	111,194	111,849
TOTAL ASSETS	148,400	149,273
EQUITY AND LIABILITIES
Equity
Share capital	119,786	119,786
Reserves	1,723	1,661
Retained earnings	(6,340)	(6,504)
Total Equity	115,169	114,943

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K-One Technology Berhad

[Registration No. 200101004001 (539757-K)]

Condensed Consolidated Statements of Financial Position

As At 30 September 2021 (Cont'd)

	Unaudited	Audited
Figures in RM'000	30.9.2021	31.12.2020
EQUITY AND LIABILITIES (Cont'd)
Non-Current Liabilities
Deferred tax liabilities	400	241
Total Non-Current Liabilities	400	241
Current Liabilities
Trade payables	20,694	23,768
Other payables and accruals	4,862	4,237
Contract liabilities	6,822	6,035
Tax payable	453	49
Total Current Liabilities	32,831	34,089
Total Liabilities	33,231	34,330
TOTAL EQUITY AND LIABILITIES	148,400	149,273
Net assets per share attributable to Owners of the	14.12	14.09
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 2020 and the accompanying explanatory notes attached to the interim financial statements.

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