K One Technology Berhad : 4th Quarter 2021

K-One Technology Berhad

[Registration No. 200101004001 (539757-K)]

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE FOURTH QUARTER ENDED 31 DECEMBER 2021

K-One Technology Berhad

[Registration No. 200101004001 (539757-K)]

Condensed Consolidated Statements of Comprehensive Income

For The Fourth Quarter Ended 31 December 2021

	3 months ended	12 months ended
Figures in RM'000
	31.12.2021	31.12.2020	31.12.2021	31.12.2020
	Unaudited	Unaudited	Unaudited	Audited
Operating revenue	35,675	31,348	125,544	91,203
Cost of sales	(32,779)	(27,348)	(110,300)	(76,437)
Gross profit	2,896	4,000	15,244	14,766
Other income	64	17	960	841
Interest income	185	184	724	972
Operating expenses	(5,880)	(9,556)	(18,697)	(22,583)
Fair value movement on put	-	-	-	(927)
option liability
Loss before tax	(2,735)	(5,355)	(1,769)	(6,931)
Income tax expense	(75)	(1,233)	(932)	(1,442)
Loss for the period	(2,810)	(6,588)	(2,701)	(8,373)
(Loss)/ Profit attributable to:
Owners of the Parent	(2,810)	(6,588)	(2,701)	(8,784)
Non-controlling interests	-	-	-	411
	(2,810)	(6,588)	(2,701)	(8,373)
Loss per share (LPS)
attributable to
owners of the Parent (sen):
Basic LPS	(0.34)	(0.84)	(0.33)	(1.16)
Diluted LPS	(0.34)	(0.84)	(0.33)	(1.16)

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K-One Technology Berhad

[Registration No. 200101004001 (539757-K)]

Condensed Consolidated Statements of Comprehensive Income

For The Fourth Quarter Ended 31 December 2021 (Cont'd)

3 months ended

12 months ended

Figures in RM'000

31.12.2021 31.12.2020 31.12.2021 12.12.2020

Unaudited Unaudited Unaudited Unaudited

Loss for the period	(2,810)	(6,588)	(2,701)	(8,373)
Items that may be subsequently
reclassified to profit/(loss):
Foreign currency translation	20	2	5	(4)
Total comprehensive loss	(2,790)	(6,586)	(2,696)	(8,377)

Total comprehensive (loss)/ income attributable to:

Owners of the Parent	(2,790)	(6,586)	(2,696)	(8,788)
Non-controlling interests	-	-	-	411
	(2,790)	(6,586)	(2,696)	(8,377)

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 31 December 2021

	Unaudited	Audited
Figures in RM'000	31.12.2021	31.12.2020
ASSETS
Non-Current Assets
Property, plant and equipment	16,732	17,747
Prepaid land lease	854	889
Intangible assets	29	13
Goodwill on consolidation	18,561	18,561
Investment property	4,800	-
Deferred tax assets	1,939	99
Other investment	115	115
Total Non-Current Assets	43,030	37,424
Current Assets
Inventories	27,668	19,134
Trade receivables	27,008	23,189
Other receivables	5,669	11,633
Tax recoverable	2,474	2,038
Short term cash investments	16,538	18,651
Cash and bank balances	29,879	37,204
Total Current Assets	109,236	111,849
TOTAL ASSETS	152,266	149,273
EQUITY AND LIABILITIES
Equity
Share capital	122,087	119,786
Reserves	1,835	1,661
Retained earnings	(9,205)	(6,504)
Total Equity	114,717	114,943

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K-One Technology Berhad

[Registration No. 200101004001 (539757-K)]

Condensed Consolidated Statements of Financial Position

As At 31 December 2021 (Cont'd)

	Unaudited	Audited
Figures in RM'000	31.12.2021	31.12.2020
EQUITY AND LIABILITIES (Cont'd)
Non-Current Liabilities
Deferred tax liabilities	396	241
Total Non-Current Liabilities	396	241
Current Liabilities
Trade payables	25,203	23,768
Other payables and accruals	4,269	4,237
Contract liabilities	7,363	6,035
Tax payable	318	49
Total Current Liabilities	37,153	34,089
Total Liabilities	37,549	34,330
TOTAL EQUITY AND LIABILITIES	152,266	149,273
Net assets per share attributable to Owners of the	13.79	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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