Kori : UNAUDITED HALF YEAR FINANCIAL STATEMENT YR2023

KORI Holdings Limited and its Subsidiaries Registration Number: 201212407R

Condensed Interim Financial Statements For the six months ended 30 June 2023

KORI HOLDINGS LIMITED

Table of Contents

1. Condensed Interim Consolidated Statement of Profit or Loss and Other Comprehensive
   Income …………………………………………………………………………. ……………….. Page 1
2. Condensed Interim Statements of Financial Position …………………….......................... Page 2
3. Condensed Interim Consolidated Statement of Cash Flows …………….......................... Page 4

D.	Condensed Interim Statements of Changes in Equity ………………………………………	Page 5
E. Notes to Condensed Interim Financial Statements ……………….…………………….	Page 6
F.	Other Information required under Appendix 7C of Catalist Rules ………………………….	Page 17

kKORI HOLDINGS LIMITED

1. Condensed Interim Consolidated Statement of Profit or Loss and Other Comprehensive Income Period ended 30 June 2023

Revenue

Cost of works

Gross profit

Other income

Expenses:

Administrative expenses Other expenses

Loss allowance on contract assets Loss allowance on trade and retention receivables

Finance expenses

Profit before taxation

Income tax expense

Profit for the financial period, net of tax

Other comprehensive income:

Items that may be reclassified to profit or loss subsequently

Currency translation differences on consolidation of foreign entity (net)

Total comprehensive income for the period

Earnings per share

Basic (Cents)

Diluted (Cents)

Based on weighted average number of shares

N.M. - Not meaningful

Note	Group
	HY2023	HY2022	Increase /
	(Unaudited)	(Unaudited)	(Decrease)
E4	S$'000	S$'000	%
11,343	9,467	20
	(6,820)	(7,372)	(7)
E5	4,523	2,095	116
101	547	-82
	(1,028)	(1,218)	(16)
	(7)	-	N.M.
	(29)	(5)	480
	(704)	(92)	665
E5	(143)	(146)	(2)
2,713	1,181	130
E6	(488)	(280)	74
	2,225	901	147
	6	(31)	(119)
	2,231	870	156
E15	2.24	0.91	146
E15
1.96	0.91	115

Page 1

kKORI HOLDINGS LIMITED

1. Condensed Interim Statements of Financial Position

ASSETS

Current assets

Cash and bank balances Fixed deposits pledged Trade and other receivables Contract assets Capitalised contract costs Prepayments

Income tax recoverable Total current assets

Non-current assets Property, plant and equipment Total non-currentassets

Total assets

LIABILITIES Current liabilities Trade and other payables Contract liabilities Lease liabilities

Bank borrowings

Current income tax payable Total current liabilities

Non-current liabilities

Lease liabilities

Bank borrowings Deferred tax liabilities Provision for reinstatement cost Convertible bond

Total non-current liabilities

Total liabilities

NET ASSETS

EQUITY

Share capital Retained earnings Merger reserve Capital reserve

Foreign currency translation reserve

Total equity

Note	Group
	30 Jun 2023	31 Dec 2022
	(Unaudited)	(Audited)
	S$'000	S$'000
E10	591	691
E10	2,080	2,572
E7	35,721	33,381
E8	5,056	4,546
E8	209	266
	124	238
	643	643
	44,424	42,337
E9	32,655	32,705
	32,655	32,705
	77,079	75,042
E11
7,687	8,483
E8	5,786	5,242
E12	171	203
E12	1,757	1,750
	-	6
	15,401	15,684
E12	122	158
E12	773	1,153
	1,489	1,001
E12	50	50
2,829	2,812
	5,263	5,174
	20,664	20,858
	56,415	54,184
E13
32,291	32,291
	49,720	47,495
	(25,628)	(25,628)
	39	39
	(7)	(13)
	56,415	54,184

Page 2

kKORI HOLDINGS LIMITED

B. Condensed Interim Statements of Financial Position (continued)

ASSETS

Current assets

Cash and bank balances Trade and other receivables Prepayment

Total current assets

Non-current assets Investment in subsidiaries Total non-currentassets

Total assets

LIABILITIES

Current liabilities

Trade and other payables Income tax payable

Total liabilities

Non-Current liabilities

Deferred tax liabilities

Convertible bond

Total non-current liabilities Total liabilities

NET ASSETS

EQUITY

Share capital

Accumulated losses

Capital reserve

Total equity

*Amount less than S$1,000

Company

30 Jun 2023	31 Dec 2022
(Unaudited)	(Audited)
S$'000	S$'000
19	39
4,263	4,146
-*	1
4,282	4,186
25,825	25,825
25,825	25,825
30,107	30,011
423	266
-	6
423	272
29	31
2,828	2,812
2,857	2,843
3,280	3,115
26,827	26,896
32,291	32,291
(5,503)	(5,434)
39	39
26,827	26,896

Page 3