Tthe Company ) is pleased to announce the following Unaudited Condensed Consolidated Financial Statements for PDB Group for the first quarter ended 31 March 2021 which should be read in conjunction with the accompanying explanatory notes on pages 6 to 18.
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS
AND OTHER COMPREHENSIVE INCOME
Individual quarter ended
31 March
In RM'000
Note
2021
2020
Revenue
B2
5,103,318
6,553,910
Operating profit/(loss)
287,815
(14,280)
Finance cost
(2,660)
(4,573)
Share of profit after tax of equity
accounted associates and joint
ventures
301
425
Profit/(Loss) before taxation
B2
285,456
(18,428)
Tax expense
B5
(94,292)
(9,272)
PROFIT/(LOSS) FOR THE PERIOD
B12
191,164
(27,700)
Other comprehensive expense
Items that may be reclassified
subsequently to profit or loss
Exchange differences arising from
translation of financial statements
of foreign operations
1,882
2,738
TOTAL COMPREHENSIVE INCOME/(EXPENSE) FOR
THE PERIOD
193,046
(24,962)
Profit/(Loss) attributable to:
Shareholders of the Company
191,113
(29,423)
Non-controlling interests
51
1,723
PROFIT/(LOSS) FOR THE PERIOD
191,164
(27,700)
Total comprehensive income/(expense)
attributable to:
Shareholders of the Company
192,995
(26,685)
Non-controlling interests
51
1,723
TOTAL COMPREHENSIVE INCOME/(EXPENSE) FOR
THE PERIOD
193,046
(24,962)
Earnings/(Loss) per ordinary share- basic (sen)
B10
19.2
(3.0)
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.
Open
1
PETRONAS DAGANGAN BERHAD198201008499(88222-D)
QUARTERLY REPORT
FOR FIRST QUARTER ENDED 31 MARCH 2021
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As at
As at
31 March
31 December
In RM'000
Note
2021
2020
ASSETS
Property, plant and equipment
4,042,152
4,067,023
Investments in associates
1,715
1,665
Investments in joint ventures
19,699
19,449
TOTAL NON-CURRENT ASSETS
4,063,566
4,088,137
Trade and other inventories
401,563
410,229
Trade and other receivables
1,469,012
1,169,444
Cash and cash equivalents
3,019,020
2,691,820
TOTAL CURRENT ASSETS
4,889,595
4,271,493
TOTAL ASSETS
B2
8,953,161
8,359,630
EQUITY
Share capital
993,454
993,454
Reserves
4,674,399
4,650,291
Total Equity Attributable to Shareholders
5,667,853
5,643,745
of the Company
Non-controlling interests
31,952
31,901
TOTAL EQUITY
B2
5,699,805
5,675,646
LIABILITIES
Borrowings
B7
87,914
96,778
Deferred tax liabilities
101,005
104,609
Other long term liabilities and provisions
30,315
30,328
TOTAL NON-CURRENT LIABILITIES
219,234
231,715
Trade and other payables
2,868,271
2,342,061
Borrowings
B7
71,970
81,392
Taxation
93,881
28,816
TOTAL CURRENT LIABILITIES
3,034,122
2,452,269
TOTAL LIABILITIES
B2
3,253,356
2,683,984
TOTAL EQUITY AND LIABILITIES
8,953,161
8,359,630
Net assets per share attributable to ordinary
equity holders of the Parent (RM)
5.71
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.
Open
2
PETRONAS DAGANGAN BERHAD198201008499(88222-D)
QUARTERLY REPORT
FOR FIRST QUARTER ENDED 31 MARCH 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
-
1,882
-
-
1,882
-
1,882
Total other
comprehensive
income for the
period
-
1,882
-
-
1,882
-
1,882
Profit for the period
-
-
-
191,113
191,113
51
191,164
Total comprehensive
income for the period
-
1,882
-
191,113
192,995
51
193,046
Dividends paid
-
-
-
(168,887)
(168,887)
-
(168,887)
At 31 March 2021
993,454
(19,209)
(18,732)
4,712,340
5,667,853
31,952
5,699,805
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
-
2,738
-
-
2,738
-
2,738
Total other
comprehensive
income for the
period
-
2,738
-
-
2,738
-
2,738
(Loss)/profit for the
period
-
-
-
(29,423)
(29,423)
1,723
(27,700)
Total comprehensive
income/(expense) for
the period
-
2,738
-
(29,423)
(26,685)
1,723
(24,962)
Dividends paid
-
-
-
(397,382)
(397,382)
-
(397,382)
At 31 March 2020
993,454
(16,197)
(18,732)
4,593,352
5,551,877
37,174
5,589,051
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.
Open
3
PETRONAS DAGANGAN BERHAD198201008499(88222-D)
QUARTERLY REPORT
FOR FIRST QUARTER ENDED 31 MARCH 2021
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
Individual quarter ended
31 March
In RM'000
Note
2021
2020
CASH FLOWS FROM OPERATING ACTIVITIES
Profit/(Loss) before taxation
285,456
(18,428)
Adjustments for:
Depreciation and amortisation
114,726
128,841
Net impairment (write-back)/losses on receivables
(1,807)
5,776
Share of profit after tax of equity accounted associates
and joint ventures
(301)
(425)
Net (gain)/loss on disposal of property, plant and equipment
(2,443)
246
Inventories (written-back)/ written down at net realisable
(1,030)
36,254
value ("NRV")
Property, plant and equipment expensed off
179
-
Interest income
(12,673)
(26,092)
Finance cost
2,660
4,573
Other non-cash items
(1,584)
(1,397)
Operating profit before changes in working capital
383,183
129,348
Inventories
9,696
49,815
Trade and other receivables
(297,761)
198,264
Trade and other payables
527,918
(976,295)
Cash generated from/(used in) operations
623,036
(598,868)
Taxation paid
(32,826)
(56,567)
Net cash generated from/(used in) operating activities
B2
590,210
(655,435)
CASH FLOWS FROM INVESTING ACTIVITIES
Interest income
12,673
26,092
Net withdrawal of fund investment
-
51,004
Purchase of property, plant and equipment
(95,186)
(34,728)
Proceeds from disposal of property, plant and equipment
7,550
-
Net cash (used in)/generated from investing activities
B2
(74,963)
42,368
CASH FLOWS FROM FINANCING ACTIVITIES
Dividends paid
(168,887)
(397,382)
Net drawdown/(repayment) of revolving credits
B7
6,500
(5,304)
Repayment of Islamic financing facilities
B7
(5,101)
(4,844)
Repayment of lease liabilities
B7
(19,889)
(39,779)
Interest paid on revolving credits
B7
(79)
(20)
Profit margin paid for Islamic financing facilities
Petronas Dagangan Bhd published this content on 25 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 June 2021 15:54:02 UTC.
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