Q & M Dental Singapore : Financial Statement (828 KB)

Q & M Dental Group (Singapore) Limited

(Incorporated in the Republic of Singapore)

(Company Registration No: 200800507R)

Condensed Financial Statement And Dividend Announcement For The Year Ended 31 December 2021

1(a) Condensed Interim Consolidated Statement of Profit or Loss and Other Comprehensive Income

	Note
Revenue
Dental and Medical Clinics
Medical Laboratory and Dental Equipment & Supplies
Total Revenue	3
Other Items of Income
Interest Income
Other Items of Expense
Consumables and Supplies Used in Dental & Medical
Clinics
Cost of Sales - Medical Laboratory and Dental
Equipment & Supplies
Employee Benefits Expense
Depreciation and Amortisation Expense
Depreciation of Right-Of-Use Assets
Other Expenses
Finance Costs	5
Other (Losses) Gains - Net	4
Share of (Loss) Profit from Equity-Accounted Associates
Profit Before Tax from Continuing Operations
Income Tax Expense	6

Profit From Continuing Operations, Net of Tax

Other Comprehensive Income:

Exchange Differences on Translating Foreign

Operations, Net of Tax

Other Comprehensive Income for the Period/Year, Net of Tax

Total Comprehensive Income for the Period/Year

Profit Attributable to:

Owners of the Parent, Net of Tax

Non-Controlling Interests, Net of Tax

Profit, Net of Tax

Total Comprehensive Income Attributable to:

Owners of the Parent

Non-Controlling Interests

Total Comprehensive Income

EBITDA

NM: Not Meaningful

Group

Fourth Quarter		Year-To-Date
Q4 2021	Q4 2020	Change	31/12/2021	31/12/2020	Change
$'000	$'000	%	$'000	$'000	%
43,595	40,801		7	160,211	126,378	27
9,699	3,021		221	45,388	11,242	304
53,294	43,822		22	205,599	137,620	49
6	27		(78)	11	278	(96)
(3,606)	(3,695)		(2)	(14,197)	(10,778)	32
(4,655)	(1,540)		202	(16,680)	(6,117)	173
(30,208)	(24,762)		22	(102,989)	(75,915)	36
(1,109)	(893)		24	(4,134)	(3,458)	20
(1,630)	(2,689)		(39)	(9,456)	(8,067)	17
(3,861)	(2,473)		56	(11,703)	(7,546)	55
(772)	(860)		(10)	(3,021)	(4,058)	(26)
(220)	414		NM	3,689	253	NM
(357)	39		NM	(465)	159	NM
6,882	7,390		(7)	46,654	22,371	109
(2,939)	(1,481)		98	(7,296)	(2,533)	188
3,943	5,909		(33)	39,358	19,838	98
212	147		44	960	1,048	(8)
212	147		44	960	1,048	(8)
4,155	6,056		(31)	40,318	20,886	93
3,165	5,928		(47)	30,471	19,701	55
778	(19)		NM	8,887	137	NM
3,943	5,909		(33)	39,358	19,838	98
3,380	6,061		(44)	31,443	20,660	52
775	(5)		NM	8,875	226	NM
4,155	6,056		(31)	40,318	20,886	93
10,387	11,805		(12)	63,254	37,676	68

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Q & M Dental Group (Singapore) Limited

(Incorporated in the Republic of Singapore)

(Company Registration No: 200800507R)

					Group
		Fourth Quarter		Year-To-Date
		Q4 2021	Q4 2020	31/12/2021	31/12/2020
	Note	$'000	$'000		$'000	$'000
Earnings Per Share
Based on the Weighted Average Number of Ordinary(a)
Shares on Issue - Cents	0.34	0.63		3.23	2.09
Fully Diluted Basis - Cents	0.34	0.63		3.23	2.09

1. The basic EPS for the period ended 31 December 2021 and 31 December 2020 are based on the profit attributable to equity holders of parent, net of tax and weighted average number of ordinary shares of 943,738,292 and 944,384,654 shares respectively.

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Q & M Dental Group (Singapore) Limited

(Incorporated in the Republic of Singapore)

(Company Registration No: 200800507R)

1(b) Condensed Interim Statements of Financial Position

		Group	Company
		As at	As at
		31/12/2021	31/12/2020	31/12/2021	31/12/2020
			(Restated)
	Note	$'000	$'000	$'000	$'000
ASSETS
Non-Current Assets
Property, Plant and Equipment	8	32,604	28,884	918	930
Right-Of-Use Assets		51,716	49,521	1,295	633
Investment in Subsidiaries		-	-	61,943	65,273
Investment in Associates	9	27,044	43,743	33,383	32,964
Goodwill	10	56,597	53,791	-	-
Other Intangible Assets	11	3,580	2,814	-	-
Other Receivables		2,401	1,199	2,068	822
Other Assets		7,080	8,568	3,777	3,939
Total Non-Current Assets
	181,022	188,520	103,384	104,561
Current Assets
Inventories		15,892	16,092	-	-
Trade and Other Receivables		27,823	18,190	89,739	95,688
Other Assets		3,833	3,226	1,494	1,703
Cash and Cash Equivalents		47,611	48,772	2,661	5,123
Total Current Assets
	95,159	86,280	93,894	102,514
Total Assets		276,181	274,800	197,278	207,075
EQUITY AND LIABILITIES
Equity Attributable to Owners of the Parent
Share Capital	12	86,758	86,758	86,758	86,758
Treasury Shares	12	(13,950)	(10,897)	(13,950)	(10,897)
Retained Earnings		27,252	47,156	11,961	28,523
Other Reserves, Total		(2,211)	(1,937)	-	-
Equity Attributable to Owners of the Parent,		97,849	121,080	84,769	104,384
Total
Non-Controlling Interests		5,397	3,615	-	-
Total Equity		103,246	124,695	84,769	104,384
Non-Current Liabilities
Provisions		776	850	-	-
Deferred Tax Liabilities		2,393	1,160	-	-
Lease Liabilities Arising from Right-Of-Use Assets		44,296	42,143	1,131	509
Other Financial Liabilities	13	80,176	75,456	78,408	71,788
Total Non-Current Liabilities
	127,641	119,609	79,539	72,297
Current Liabilities
Income Tax Payable		5,595	2,633	-	-
Trade and Other Payables		26,239	16,791	29,536	29,014
Lease Liabilities Arising from Right-Of-Use Assets		9,908	9,131	189	134
Other Financial Liabilities	13	3,552	1,941	3,245	1,246
Total Current Liabilities
	45,294	30,496	32,970	30,394
Total Liabilities		172,935	150,105	112,509	102,691
Total Equity and Liabilities		276,181	274,800	197,278	207,075
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Q & M Dental Group (Singapore) Limited

(Incorporated in the Republic of Singapore)

(Company Registration No: 200800507R)

1(c)	Condensed Interim Consolidated Statement of Cash Flows
				Group
		Fourth Quarter		Year-To-Date
		Q4 2021	Q4 2020	31/12/2021	31/12/2020
		$'000	$'000		$'000	$'000
Cash Flows From (Used in) Operating Activities
Profit Before Tax	6,882	7,390	46,654	22,371
Adjustments for:
Interest Income	(6)	(27)	(11)	(278)
Interest Expense	772	860	3,021	4,058
Loss (Gain) on Disposal of Plant and Equipment	1	-	(9)	43
Plant and Equipment Written Off	110	73	216	108
Share of Loss (Profit) from Equity - Associated Associates	357	(39)	465	(159)
Gain on Disposal of interest in Associates	-	-	(4,373)	-
Impairment of Plant and Equipment	-	-	(17)	6
Depreciation of Property, Plant and Equipment and Amortisation	1,109	893	4,134	3,458
Depreciation of Right-Of-Use Assets	1,630	2,689	9,456	8,067
Foreign Currency Translation Reserve	(85)	(135)	52	7
Provision	-	25	(74)	253
Operating Cash Flows Before Changes in Working Capital	10,770	11,729	59,514	37,934
Inventories	1,644	(21)	199	(9,057)
Trade and Other Receivables	7,768	1,331	(9,848)	(1,920)
Other non-financial assets	283	1,183	(170)	92
Trade and Other Payables	(1,378)	(691)	4,220	(2,136)
Net Cash Flows From Operating Activities Before Interest and Tax	19,087	13,531	53,915	24,913
Income Taxes Refunded (Paid)	191	(215)	(3,112)	(1,162)
Net Cash Flows From Operating Activities	19,278	13,316	50,803	23,751
Cash Flows (Used in) From Investing Activities
Purchase of Plant and Equipment	(2,888)	(2,120)	(7,874)	(6,390)
Purchase of Intangible Assets	28	(199)	(1,061)	(873)
Disposal of Plant and Equipment	149	81	293	268
Other non-financial assets	145	555	(805)	928
Trade and Other Receivables	-	1,109	375	608
Increase in Investment in Associate	-	(316)	(420)	(496)
Proceeds from Partial Disposal of Associate	-	-	17,002	47,515
Dividend Received from Associate	-	-	-	1,282
Acquisition of subsidiary	(2,850)	(400)	(2,850)	(400)
Other Receivables, Non-Current	(1,285)	(987)	(1,202)	(967)
Interest Received	6	27	11	278
Net Cash Flows (Used in) From Investing Activities	(6,695)	(2,250)	3,469	41,753
Cash Flows Used in Financing Activities
Lease Liabilities - Principal Portion Paid	(1,283)	(2,235)	(8,787)	(6,985)
Lease Liabilities - Interest Paid	(422)	(443)	(1,599)	(1,837)
Finance Lease Repayment	(5)	(3)	(20)	(10)
Proceeds from Finance Lease	-	-	75	-
Repayment of Bank Loans	(96)	(8,023)	(1,465)	(9,374)
Share Buy Back	(3,053)	-	(3,053)	(1,529)
Proceeds from Term Loan	-	-	10,000	-
Bill Payables	78	562	(402)	193
Interest Paid	(350)	(417)	(1,422)	(2,221)
Dividends Paid to Equity Owners	(9,395)	-	(48,760)	(22,222)
Net Cash Flows Used In Financing Activities	(14,526)	(10,559)		(55,433)	(43,985)
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Q & M Dental Group (Singapore) Limited

(Incorporated in the Republic of Singapore)

(Company Registration No: 200800507R)

			Group
	Fourth Quarter		Year-To-Date
	Q4 2021	Q4 2020	31/12/2021	31/12/2020
	$'000	$'000		$'000	$'000
Net (Decrease) Increase in Cash and Cash Equivalents	(1,943)	507	(1,161)	21,519
Cash and Cash Equivalents, Statement of Cash Flows, Beginning
Balance of the Period/Year	49,554	48,265	48,772	27,253
Cash and Cash Equivalents, Statement of Cash Flows, Ending
Balance of the Period/Year	47,611	48,772	47,611	48,772
Cash and Cash Equivalents at End of Period/Year includes the
following:
Cash and Bank Balances	47,611	48,772	47,611	48,772
Cash and Cash Equivalents at End of Period/Year	47,611	48,772	47,611	48,772

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