LPI CAPITAL BHD
1 Revenue
2 Profit before tax
3 Profit for the period
4 Profit attributable to ordinary equity holders of the parent
5 Basic earnings per share (sen)
6 Proposed/ declared dividend per share (sen)
SUMMARY OF THE KEY FINANCIAL INFORMATION FOR THE FINANCIAL PERIOD ENDED 31 MARCH 2022
(the figures have not been audited)
INDIVIDUAL PERIOD CURRENT PRECEDING YEARCUMULATIVE PERIOD CURRENT PRECEDING YEAR
YEAR CORRESPONDING
YEAR
CORRESPONDING
QUARTER QUARTER
TO DATE
PERIOD
ENDED ENDED
ENDED
ENDED
31/03/2022 31/03/2021
31/03/2022
31/03/2021
RM'000 RM'000
RM'000
RM'000
397,739
440,786
75,768
98,148
61,528
82,310
61,528
82,310
15.44
20.66
0.00
0.00
397,739 440,786
75,768 98,148
61,528 82,310
61,528 82,310
15.44 20.66
0.00 0.00
7 Net assets per share attributable to ordinary equity holders of the parent (RM)
AS AT END OF CURRENT | AS AT PRECEDING |
QUARTER | FINANCIAL YEAR END |
5.3402 | 5.3532 |
1
LPI CAPITAL BHD
Condensed Consolidated Statement of Profit or Loss for the Quarter Ended 31 March 2022 - Unaudited
Current | Preceding Year | |||
Year | Corresponding | Year | Corresponding | |
Quarter | Quarter | To Date | Period | |
Ended | Ended | Ended | Ended | |
31.03.2022 | 31.03.2021 | 31.03.2022 | 31.03.2021 | |
RM'000 | RM'000 | RM'000 | RM'000 | |
Operating revenue | 397,739 | 440,786 | 397,739 | 440,786 |
Gross written premiums | 476,582 | 470,711 | 476,582 | 470,711 |
Change in unearned premiums provision | (107,557) | (73,209) | (107,557) | (73,209) |
Gross earned premiums | 369,025 | 397,502 | 369,025 | 397,502 |
Gross written premiums ceded to reinsurers | (204,962) | (175,289) | (204,962) | (175,289) |
Change in unearned premiums provision | 53,132 | 30,278 | 53,132 | 30,278 |
Premiums ceded to reinsurers | (151,830) | (145,011) | (151,830) | (145,011) |
Net earned premiums | 217,195 | 252,491 | 217,195 | 252,491 |
Investment income | 28,714 | 43,284 | 28,714 | 43,284 |
Realised gains | 5 | - | 5 | - |
Fair value gains | 393 | 679 | 393 | 679 |
Commission income | 30,343 | 30,210 | 30,343 | 30,210 |
Other operating income | 722 | 754 | 722 | 754 |
Other income | 60,177 | 74,927 | 60,177 | 74,927 |
Gross claims paid | (132,268) | (159,286) | (132,268) | (159,286) |
Claims ceded to reinsurers | 54,870 | 63,563 | 54,870 | 63,563 |
Gross change in claims liabilities | (190,797) | (115,014) | (190,797) | (115,014) |
Change in claims liabilities ceded to reinsurers | 166,367 | 112,277 | 166,367 | 112,277 |
Net claims incurred | (101,828) | (98,460) | (101,828) | (98,460) |
Fair value losses | (4,373) | (38,134) | (4,373) | (38,134) |
Commission expense | (37,432) | (42,243) | (37,432) | (42,243) |
Management expenses | (56,736) | (50,048) | (56,736) | (50,048) |
Net impairment loss on insurance receivables | (890) | (1,204) | (890) | (1,204) |
Other operating expense | (203) | - | (203) | - |
Other expenses | (99,634) | (131,629) | (99,634) | (131,629) |
Operating profit | 75,910 | 97,329 | 75,910 | 97,329 |
Finance cost | (326) | (431) | (326) | (431) |
Share of profit after tax of equity accounted | ||||
associated company | 184 | 1,250 | 184 | 1,250 |
Profit before tax | 75,768 | 98,148 | 75,768 | 98,148 |
Tax expense | (14,240) | (15,838) | (14,240) | (15,838) |
Profit for the period | 61,528 | 82,310 | 61,528 | 82,310 |
Profit attributable to: | ||||
Owners of the Company | 61,528 | 82,310 | 61,528 | 82,310 |
Earnings per ordinary share (sen) | ||||
- Basic | 15.44 | 20.66 | 15.44 | 20.66 |
- Diluted | N/A | N/A | N/A | N/A |
Cumulative Period Current Preceding Year
N/A -
Not Applicable.
Individual Period
Note :
The Condensed Consolidated Statement of Profit or Loss should be read in conjunction with the Annual Financial Report for the year ended 31 December 2021.
2
LPI CAPITAL BHD
Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income for the Quarter Ended 31 March 2022 - Unaudited
Individual Period
Cumulative Period
Current | Preceding Year | Current | Preceding Year | |
Year | Corresponding | Year | Corresponding | |
Quarter | Quarter | To Date | Period | |
Ended | Ended | Ended | Ended | |
31.03.2022 | 31.03.2021 | 31.03.2022 | 31.03.2021 | |
RM'000 | RM'000 | RM'000 | RM'000 | |
Profit for the period | 61,528 | 82,310 | 61,528 | 82,310 |
Other comprehensive income | ||||
Items that are or may be reclassified subsequently | ||||
to profit or loss | ||||
Foreign currency translation differences for foreign operation | 603 | 1,089 | 603 | 1,089 |
Items that will not be reclassified to profit or loss | ||||
Net gains on investments in equity instruments designated at | ||||
fair value through other comprehensive income | 112,338 | 17,612 | 112,338 | 17,612 |
Income tax relating to these items | (696) | (102) | (696) | (102) |
Total other comprehensive income for the period, net of tax | 112,245 | 18,599 | 112,245 | 18,599 |
Total comprehensive income for the period attributable to | ||||
owners of the Company | 173,773 | 100,909 | 173,773 | 100,909 |
Note : The Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the Annual Financial
Report for the year ended 31 December 2021.
3
LPI CAPITAL BHD
Condensed Consolidated Statement of Financial Position As At 31 March 2022 - Unaudited
As At | As At | |
31.03.2022 | 31.12.2021 | |
RM'000 | RM'000 | |
Assets | ||
Plant and equipment | 5,570 | 4,717 |
Right-of-use assets | 46,384 | 47,821 |
Investment properties | 27,404 | 27,316 |
Intangible assets | 8,086 | 8,401 |
Investment in an associated company | 39,823 | 39,446 |
Other investments | 2,191,541 | 2,169,029 |
Fair value through other comprehensive income | 1,028,775 | 916,424 |
Fair value through profit or loss | 1,032,974 | 1,137,794 |
Amortised cost | 129,792 | 114,811 |
Deferred tax assets | - | 7,061 |
Reinsurance assets | 1,491,583 | 1,271,952 |
Loans and receivables, excluding | ||
insurance receivables | 958,847 | 1,007,396 |
Insurance receivables | 250,522 | 178,160 |
Deferred acquisition costs | 46,875 | 45,605 |
Cash and cash equivalents | 132,037 | 87,900 |
Total assets | 5,198,672 | 4,894,804 |
Equity | ||
Share capital | 398,383 | 398,383 |
Reserves | 1,737,140 | 1,742,639 |
Total equity | 2,135,523 | 2,141,022 |
Liabilities | ||
Insurance contract liabilities | 2,746,903 | 2,448,068 |
Deferred tax liabilities | 908 | - |
Lease liabilities | 48,234 | 49,630 |
Insurance payables | 150,597 | 120,630 |
Other payables | 108,465 | 110,573 |
Current tax payables | 8,042 | 24,881 |
Total liabilities | 3,063,149 | 2,753,782 |
Total equity and liabilities | 5,198,672 | 4,894,804 |
Note : The Condensed Consolidated Statement of Financial Position should be read in conjunction with the Annual Financial Report for the year ended 31 December 2021.
4
LPI CAPITAL BHD
Condensed Consolidated Statement of Changes in Equity for the Period Ended 31 March 2022 - Unaudited
Non-distributableShare capital RM'000
Foreign currency translation reserve RM'000
DistributableFair value reserve RM'000
Retained earnings RM'000
Total RM'000
3 Months Period Ended 31 March 2022
At 1 January 2022
Foreign currency translation differences for foreign operation Net gains on investments in equity instruments designated at fair value through other comprehensive income Total other comprehensive income for the period Profit for the period
Total comprehensive income for the period Distributions to owners of the Company Dividends to owners of the Company
Total transaction with owners of the Company At 31 March 2022
- - - - - - 398,383
- - 26,312
- - 868,623
(179,272) (179,272)
(179,272) (179,272)
842,205
2,135,523
5
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LPI Capital Bhd published this content on 14 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 April 2022 08:54:09 UTC.