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    1H4   SG1EB7000009

MEMORIES GROUP LIMITED

(1H4)
Delayed Singapore Stock Exchange  -  05/09 09:08:20 pm EDT
0.0200 SGD    0.00%
03/15Memories Group Extends Maturity Date of Convertible Bonds Issued to Oakfame Investment
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03/04Memories Group Limited Announces Change of Financial Year End from 30 September to 31 March
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01/11Memories Group Limited Reports Earnings Results for the Full Year Ended September 30, 2021
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Financial Statements and Related Announcement::Full Yearly Results

11/28/2021 | 06:00am EDT

Memories Group Limited

(Company Registration No. 201201631D)

___________________________________________________________

Condensed Interim Financial Statements

For the six-month and full year ended 30 September 2021

Page 1 of 31

Memories Group Limited

Financial Results Announcement

Table of Contents

Page

A. Condensed interim consolidated statement of profit or loss and other comprehensive income

3

B. Condensed interim statements of financial position

4

C. Condensed interim statements of changes in equity

5

D. Condensed interim consolidated statement of cash flows

6

E. Notes to the condensed interim consolidated financial statements

7

F. Other information required by Listing Rule Appendix 7c

25

Page 2 of 31

Memories Group Limited

Financial Results Announcement

Unaudited Financial Statements and Dividend Announcement

For six-month and full year ended 30 September 2021

A. Condensed interim consolidated statement of profit or loss and other comprehensive income

The Group

6 month ended 30

6 month ended 30

12 month ended 30

18 month ended 30

September 2021

September 2020

September 2021

September 2020

Unaudited

Unaudited

Unaudited

Audited

Note

$'000

$'000

$'000

$'000

Revenue

4

721

766

2,095

10,523

Cost of sales

(483)

(879)

(1,395)

(6,559)

Gross profit

238

(113)

700

3,964

Other losses-net

(2,587)

(15,144)

(2,886)

(14,888)

Loss Allownace on Trade receivable-net

(117)

(145)

(117)

(145)

Distribution and Marketing expenses

(6)

(110)

(51)

(506)

General and administrative expenses

(2,614)

(4,303)

(6,617)

(15,242)

Finance expenses

5,931

(3,553)

6,210

(9,154)

Profit/(Loss) before taxation

6

845

(23,368)

(2,762)

(35,971)

Income tax credit/(expense)

7

23

(30)

40

4

Net profit/(loss),representing total

comprehensive income attributable

868

(23,398)

(2,722)

(35,967)

to equity holders of the Company

Earnings/(loss) per share

attributable to equity holders of the

Company

Basic/Diluted EPS (USD In cent)

0.17

(4.68)

(0.54)

(7.16)

The diluted EPS computations have not taken into consideration the effects of the shares to be issued and convertible bonds as at 30 September 2021, as they were anti-dilutive pursuant to para 41 of SFRS(I) 33 Earnings per Share.

Page 3 of 31

Memories Group Limited

Financial Results Announcement

B. Condensed interim statements of financial position

The Group

The Company

30 September

30 September

30 September

30 September

2021

2020

2021

2020

Unaudited

Audited

Unaudited

Audited

Note

U$'000

U$'000

U$'000

U$'000

ASSETS

Current assets

Cash and bank balances

130

406

36

91

Trade and other receivables

1,956

2,469

13,462

13,117

Inventories

237

220

-

-

Total current assets

2,323

3,095

13,498

13,208

Non-current assets

Investment in subsidiary corporations Investment properties

Property, plant and equipment Intangible assets

Financial assets, at fair value through profit or loss ("FVPL") Other receivable

-

-

67,482

67,482

12

16,100

17,350

-

-

11

47,286

49,814

-

-

10

2,045

3,941

-

-

9

2,271

2,414

-

-

540

763

-

-

Total non-current assets

68,242

74,282

67,482

67,482

Total assets

70,565

77,377

80,980

80,690

LIABILITIES

Current liabilities

Trade and other payables

14,213

13,403

15,830

15,242

Convertible bonds

3,534

3,374

3,534

3,374

Borrowings

4,943

3,051

-

-

Current income tax liabilities

385

394

-

-

Total current liabilities

23,075

20,222

19,364

18,616

Non-current liabilities

Borrowings

23,018

29,927

-

-

Deferred income tax liabilities

2,178

2,225

-

-

Provisions

105

92

-

-

25,301

32,244

-

-

Total liabilities

48,376

52,466

19,364

18,616

NET ASSETS

22,189

24,911

61,616

62,074

EQUITY

Capital and reserves attributable to equity holders of the Company

Share capital

84,544

84,544

84,839

84,839

Accumulated losses

(42,797)

(40,075)

(23,808)

(23,350)

Other reserves

(19,558)

(19,558)

585

585

Total equity

22,189

24,911

61,616

62,074

Page 4 of 31

Memories Group Limited

Financial Results Announcement

C. Condensed interim statements of changes in equity

The Group

Equity

Share

Capital

Merger

Translation

Performance

component of

Accumulated

Total

capital

reserve

reserve

reserve

share reserve

convertible bonds

losses

equity

Note

$'000

$'000

$'000

$'000

$'000

$'000

$'000

$'000

FY 2021 (Unaudited)

Balance at 1 October 2020

84,544

566

(20,190)

-

-

66

(40,075)

24,911

Total comprehensive loss for the financial year

-

-

-

-

-

-

(2,722)

(2,722)

Balance at 30 September 2021

84,544

566

(20,190)

-

-

66

(42,797)

22,189

FY 2020 (Audited)

Balance at 1 April 2019

84,472

566

(20,190)

(2,498)

72

-

(1,610)

60,812

Issue of share capital

72

-

-

-

(72)

-

-

-

Effect of change in functional

currency of subsidiary corporation

-

-

-

2,498

-

-

(2,498)

-

Equity component of convertible bonds

-

-

-

-

-

66

-

66

Total comprehensive loss for the

financial period

-

-

-

-

-

-

(35,967)

(35,967)

Balance at 30 September 2020

84,544

566

(20,190)

-

-

66

(40,075)

24,911

Page 5 of 31

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Memories Group Limited published this content on 28 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 November 2021 10:59:05 UTC.


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Financials (USD)
Sales 2021 2,10 M - -
Net income 2021 -2,75 M - -
Net Debt 2021 30,9 M - -
P/E ratio 2021 -4,36x
Yield 2021 -
Capitalization 7,22 M 7,24 M -
EV / Sales 2020 4,45x
EV / Sales 2021 19,0x
Nbr of Employees -
Free-Float 12,3%
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Income Statement Evolution
Managers and Directors
Chi Yam Cyrus Pun Chief Executive Officer & Executive Director
Serge Pun Executive Chairman
Basil Chan Lead Independent Non-Executive Director
Chye Beng Lee Independent Non-Executive Director
Tun Tun Non-Independent Non-Executive Director
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