Tthe Company ) is pleased to announce the following Unaudited Condensed Consolidated Financial Statements for PDB Group for the second quarter ended 30 June 2021 which should be read in conjunction with the accompanying explanatory notes on pages 6 to 19.
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS
AND OTHER COMPREHENSIVE INCOME
Individual quarter ended
Cumulative quarter ended
30 June
30 June
In RM'000
Note
2021
2020
2021
2020
Revenue
B2
5,143,990
2,931,750
10,247,308
9,485,661
Operating profit
92,373
5,667
380,188
(8,613)
Finance cost
(2,442)
(3,952)
(5,102)
(8,524)
Share of profit/(loss) after tax of equity
accounted associates and joint
ventures
34
(549)
335
(124)
Profit/(Loss) before taxation
B2
89,965
1,166
375,421
(17,261)
Taxation
B5
(7,600)
505
(101,892)
(8,766)
PROFIT/(LOSS) FOR THE PERIOD
B12
82,365
1,671
273,529
(26,027)
Other comprehensive (expense)/ income
Items that may be reclassified subsequently to profit or loss
Exchange differences arising from translation of financial statements of foreign operations
TOTAL COMPREHENSIVE INCOME/(EXPENSE) FOR THE PERIOD
(320)
(110)
1,562
2,628
82,045
1,561
275,091
(23,399)
Profit/(loss) attributable to:
Shareholders of the Company
82,141
3,510
273,254
(25,911)
Non-controlling interests
224
(1,839)
275
(116)
PROFIT/(LOSS) FOR THE PERIOD
82,365
1,671
273,529
(26,027)
Total comprehensive income/(expense)
attributable to:
Shareholders of the Company
81,821
3,400
274,816
(23,283)
Non-controlling interests
224
(1,839)
275
(116)
TOTAL COMPREHENSIVE INCOME/
(EXPENSE) FOR THE PERIOD
82,045
1,561
275,091
(23,399)
Earnings/(Loss) per ordinary share
B10
8.3
0.4
27.5
(2.6)
- basic (sen)
The Unaudited Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income should be read in conjunction with the accompanying explanatory notes attached to these Condensed Consolidated Financial Statements.
1
PETRONAS DAGANGAN BERHAD198201008499(88222-D)
QUARTERLY REPORT
FOR SECOND QUARTER ENDED 30 JUNE 2021
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As at
As at
30 June
31 December
In RM'000
Note
2021
2020
ASSETS
Property, plant and equipment
4,033,607
4,067,023
Investments in associates
1,882
1,665
Investments in joint ventures
19,566
19,449
TOTAL NON-CURRENT ASSETS
4,055,055
4,088,137
Trade and other inventories
355,689
410,229
Trade and other receivables
1,290,280
1,169,444
Fund investment
70,737
-
Cash and cash equivalents
2,601,678
2,691,820
Assets classified as held for sale
36,143
-
TOTAL CURRENT ASSETS
4,354,527
4,271,493
TOTAL ASSETS
B2
8,409,582
8,359,630
EQUITY
Share capital
993,454
993,454
Reserves
4,617,136
4,650,291
Total Equity Attributable to Shareholders
5,610,590
5,643,745
of the Company
Non-controlling interests
32,176
31,901
TOTAL EQUITY
B2
5,642,766
5,675,646
LIABILITIES
Borrowings
B7
87,443
96,778
Deferred tax liabilities
102,703
104,609
Other long term liabilities and provisions
29,495
30,328
TOTAL NON-CURRENT LIABILITIES
219,641
231,715
Trade and other payables
2,398,300
2,342,061
Borrowings
B7
50,916
81,392
Taxation
77,326
28,816
Liabilities classified as held for sale
20,633
-
TOTAL CURRENT LIABILITIES
2,547,175
2,452,269
TOTAL LIABILITIES
B2
2,766,816
2,683,984
TOTAL EQUITY AND LIABILITIES
8,409,582
8,359,630
Net assets per share attributable to ordinary
equity holders of the Parent (RM)
5.65
5.68
The Unaudited Condensed Consolidated Statement of Financial Position should be read in conjunction with the
accompanying explanatory notes attached to the Condensed Consolidated Financial Statements.
2
PETRONAS DAGANGAN BERHAD198201008499(88222-D)
QUARTERLY REPORT
FOR SECOND QUARTER ENDED 30 JUNE 2021
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Attributable to Shareholders of the Company
Non- DistributableDistributable
Foreign
Currency
Non-
Share
Translation
Capital
Retained
Controlling
Total
Capital
Reserves
Reserves
Profits
Total
Interests
Equity
At 1 January 2021
993,454
(21,091)
(18,732)
4,690,114
5,643,745
31,901
5,675,646
Exchange difference
arising from
translation of
financial statements
of foreign operations
-
1,562
-
-
1,562
-
1,562
Total other
comprehensive
income for the
period
-
1,562
-
-
1,562
-
1,562
Profit for the period
-
-
-
273,254
273,254
275
273,529
Total comprehensive
income for the period
-
1,562
-
273,254
274,816
275
275,091
Dividends paid
-
-
-
(307,971)
(307,971)
-
(307,971)
At 30 June 2021
993,454
(19,529)
(18,732)
4,655,397
5,610,590
32,176
5,642,766
At 1 January 2020
993,454
(18,935)
(18,732)
5,020,157
5,975,944
35,451
6,011,395
Exchange difference
arising from
translation of
financial statements
of foreign operations
-
2,628
-
-
2,628
-
2,628
Total other
comprehensive
income for the
period
-
2,628
-
-
2,628
-
2,628
Loss for the period
-
-
-
(25,911)
(25,911)
(116)
(26,027)
Total comprehensive
income/(expense) for
the period
-
2,628
-
(25,911)
(23,283)
(116)
(23,399)
Dividends paid
-
-
-
(447,054)
(447,054)
-
(447,054)
At 30 June 2020
993,454
(16,307)
(18,732)
4,547,192
5,505,607
35,335
5,540,942
The Unaudited Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the
accompanying explanatory notes attached to these Condensed Consolidated Financial Statements.
3
PETRONAS DAGANGAN BERHAD198201008499(88222-D)
QUARTERLY REPORT
FOR SECOND QUARTER ENDED 30 JUNE 2021
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
Cumulative quarter ended
30 June
In RM'000
Note
2021
2020
CASH FLOWS FROM OPERATING ACTIVITIES
Profit/(Loss) before taxation
375,421
(17,261)
Adjustments for:
Depreciation and amortisation
230,959
255,393
Net impairment (write-back)/losses on receivables
(1,407)
6,309
Share of (profit)/loss after tax of equity accounted associates
and joint ventures
(335)
124
Net (gain)/loss on disposal of property, plant and equipment
(2,107)
300
Inventories written-back to net realisable value ("NRV")
(4,088)
-
Net inventories written-back
(110)
(638)
Property, plant and equipment expensed off
916
-
Interest income
(27,064)
(37,797)
Finance cost
5,102
8,524
Other non-cash items
(562)
(2,079)
1Operating profit before changes in working capital
576,725
212,875
Inventories
51,795
283,427
Trade and other receivables
(139,005)
424,774
Trade and other payables
76,405
(1,323,085)
Cash generated from/(used in) operations
565,920
(402,009)
Taxation paid
(55,299)
(56,592)
Net cash generated from/(used in) operating activities
B2
510,621
(458,601)
CASH FLOWS FROM INVESTING ACTIVITIES
Interest income
27,064
37,797
Net (placement)/withdrawal of fund investment
(70,737)
51,004
Purchase of property, plant and equipment
(206,674)
(113,694)
Proceeds from disposal of property, plant and equipment
7,550
-
Net cash used in investing activities
B2
(242,797)
(24,893)
CASH FLOWS FROM FINANCING ACTIVITIES
Dividends paid
(307,971)
(447,054)
Net drawdown/(repayment) of revolving credits
B7
6,500
(5,549)
Repayment of Islamic financing facilities
B7
(9,176)
(9,795)
Repayment of lease liabilities
B7
(37,163)
(79,974)
Interest paid on revolving credits
B7
(192)
(27)
Profit margin paid for Islamic financing facilities
Petronas Dagangan Bhd published this content on 23 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 August 2021 08:40:09 UTC.
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