Malaysia Airports Berhad : Quarterly Report For The Financial Period Ended 31 March 2022

MALAYSIA AIRPORTS HOLDINGS BERHAD 199901012192(487092-W) (Incorporated in Malaysia)

CONDENSED UNAUDITED CONSOLIDATED STATEMENT OF PROFIT OR LOSS

FOR THE PERIOD ENDED 31 MARCH 2022

		INDIVIDUAL QUARTER
			Preceding Year
		Current Year	Corresponding
		Quarter	Quarter
	Note	31.03.2022	31.03.2021
		RM'000	RM'000
Revenue		570,846	336,907
Cost of inventories sold		(9,617)	(10,501)
Other income		41,540	53,713
Employee benefits expenses		(165,836)	(170,202)
Depreciation and amortisation		(156,486)	(98,504)
Other expenses		(249,992)	(226,103)
Operating profit/(loss)		30,455	(114,690)
Finance costs		(182,534)	(163,607)
Share of results:
- associates		1,857	(782)
- joint ventures		(161)	(1,409)
Loss before tax and zakat	7	(150,383)	(280,488)
Taxation and zakat	22	45,625	59,191
Loss net of tax		(104,758)	(221,297)
Attributable to:
Owners of the Company		(104,758)	(221,297)
Loss per share attributable
to Owners of the Company (sen):	31	(7.17)	(14.19)

The condensed unaudited consolidated of profit or loss should be read in conjunction with the audited financial statement for the year ended 31 December 2021 and the accompanying explanatory notes attached to the interim financial statements.

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MALAYSIA AIRPORTS HOLDINGS BERHAD 199901012192(487092-W) (Incorporated in Malaysia)

CONDENSED UNAUDITED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE PERIOD ENDED 31 MARCH 2022

	INDIVIDUAL QUARTER
		Preceding Year
	Current Year	Corresponding
	Quarter	Quarter
	31.03.2022	31.03.2021
	RM'000	RM'000
Loss for the period, net of tax	(104,758)	(221,297)
Other comprehensive income:
- Foreign currency translation	(11,426)	(13,752)
- Unrealised gain on derivative financial instruments	16,462	513
- Actuarial (loss)/gain on retirement benefits	(667)	1,089
Other comprehensive income/(loss)
for the period, net of tax	4,369	(12,150)
Total comprehensive loss
for the period, net of tax	(100,389)	(233,447)
Attributable to:
Owners of the Company	(100,389)	(233,447)

The condensed unaudited consolidated of other comprehensive income should be read in conjunction with the audited financial statement for the year ended 31 December 2021 and the accompanying explanatory notes attached to the interim financial statements.

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MALAYSIA AIRPORTS HOLDINGS BERHAD 199901012192(487092-W) (Incorporated in Malaysia)

CONDENSED UNAUDITED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2022

	31.03.2022
	RM'000
Assets	Unaudited
Non-current assets
Property, plant and equipment	423,423
Right-of-use assets	56,523
Intangible assets	15,041,537
Investments in associates	126,976
Investments in joint ventures	96,714
Financial assets at fair value through profit or loss	342,713
Other receivables	363,194
Employee loans	17,079
Deferred tax assets	738,894
	17,207,053
Current assets
Inventories	105,237
Biological assets	5,309
Trade receivables	292,729
Other receivables	154,667
Tax recoverable	10,870
Financial assets at fair value through profit or loss	824,216
Cash and cash equivalents	1,438,691
	2,831,719
Total assets	20,038,772

31.12.2021

RM'000

Audited

432,456

61,781

15,215,413

125,119

96,874

339,632

367,613

17,866

691,205

17,347,959

116,254

3,427

275,127

119,692

11,264

705,619

1,583,220

2,814,603

20,162,562

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MALAYSIA AIRPORTS HOLDINGS BERHAD 199901012192(487092-W) (Incorporated in Malaysia)

CONDENSED UNAUDITED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2022

	31.03.2022
	RM'000
Equity and liabilities	Unaudited
Equity attributable to Owners of the Company
Share capital	5,114,341
Perpetual Sukuk	997,842
Retained earnings	1,002,023
Hedging reserve	(3,280)
Other reserves	7,477
Foreign exchange reserve	19,503
Total equity	7,137,906
Non-current liabilities
Borrowings	3,569,058
Derivative financial instruments	-
Lease liabilities	31,193
Deferred tax liabilities	604,145
Trade payables	4,529,505
Other payables	576,954
	9,310,855
Current liabilities
Borrowings	1,749,403
Derivative financial instruments	4,100
Lease liabilities	21,519
Trade payables	1,111,925
Other payables	687,749
Income tax payable	15,315
	3,590,011
Total liabilities	12,900,866
Total equity and liabilities	20,038,772

31.12.2021

RM'000

Audited

5,114,341

997,842

1,120,959

(19,742)

8,170

30,929

7,252,499

3,566,038

14,423

35,857

615,000

4,950,675

588,844

9,770,837

1,745,765

10,254

19,331

668,835

680,194

14,847

3,139,226

12,910,063

20,162,562

The condensed unaudited consolidated statement of financial position should be read in conjunction with the audited financial statement for the year ended 31 December 2021 and the accompanying explanatory notes attached to the interim financial statements.

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MALAYSIA AIRPORTS HOLDINGS BERHAD 199901012192(487092-W) (Incorporated in Malaysia)

CONDENSED UNAUDITED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 31 MARCH 2022

			Attributable to Owners of the Company
			Non-distributable			Distributable
			Foreign
	Share	Perpetual	exchange	Hedging	Other	Retained	Total
	capital	sukuk	reserve	reserve	reserve	earnings	equity
	RM'000	RM'000	RM'000	RM'000	RM'000	RM'000	RM'000
At 1 January 2021	5,114,341	997,842	74,387	(36,221)	4,098	1,944,898	8,099,345
Total comprehensive (loss)/income	-	-	(13,752)	513	1,089	(221,297)	(233,447)
Legal reserve	-	-	-	-	(58)	-	(58)
Distribution to Perpetual Sukuk holder	-	-	-	-	-	(14,178)	(14,178)
At 31 March 2021	5,114,341	997,842	60,635	(35,708)	5,129	1,709,423	7,851,662
At 1 January 2022	5,114,341	997,842	30,929	(19,742)	8,170	1,120,959	7,252,499
Total comprehensive (loss)/income	-	-	(11,426)	16,462	(667)	(104,758)	(100,389)
Legal reserve	-	-	-	-	(26)	-	(26)
Distribution to Perpetual Sukuk holder	-	-	-	-	-	(14,178)	(14,178)
At 31 March 2022	5,114,341	997,842	19,503	(3,280)	7,477	1,002,023	7,137,906

The condensed unaudited consolidated statement of changes in equity should be read in conjunction with the audited financial statement for the year ended 31 December 2021 and the accompanying explanatory notes attached to the interim financial statements.

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