SunMoon Food Company Limited
(Company Registration No. 198304656K)
(Incorporated in Singapore)
UNAUDITED CONDENSED INTERIM FINANCIAL STATEMENTS
FOR THE FIRST QUARTER ENDED 30 JUNE 2021
TABLE OF CONTENTS | Page No. | |
A | CONDENSED INTERIM CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME | 1 |
B | CONDENSED INTERIM STATEMENTS OF FINANCIAL POSITION | 2 |
C | CONDENSED INTERIM STATEMENTS OF CHANGES IN EQUITY | 3 |
D | CONDENSED INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS | 4 |
E | NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS | 5-15 |
F | OTHER INFORMATION REQUIRED BY LISTING RULE APPENDIX 7.2 | 16-20 |
Page 1
A. CONDENSED INTERIM CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
n.m - "not meaningful" | ||||
$- SGD | ||||
Group | ||||
Note | First Quarter Ended | |||
30-Jun-21 | 30-Jun-20 Change | |||
$ '000 | $ '000 | % | ||
Revenue | 4 | 7,380 | 8,500 | -13% |
Cost of sales | (7,297) | (8,135) | -10% | |
Gross profit | 83 | 365 | -77% | |
Other income | 5 | 4 | 59 | -93% |
Selling & Distribution expenses | (137) | (317) | -57% | |
Administrative expenses | (244) | (193) | 25% | |
Other expenses | 6 | - | (34) | -100% |
Finance costs | 6 | (9) | (2) | 500% |
Loss for the period before income tax | 6 | (303) | (122) | 148% |
Income tax expense | 7 | - | - | |
Loss for the period, net of income tax | (303) | (122) | 148% | |
Other comprehensive income/(loss): | ||||
Items that may be reclassified subsequently to profit | ||||
or loss: | ||||
Exchange difference arising from translation of foreign | ||||
operations | 90 | (361) | n.m | |
Other comprehensive income/(loss) for the period, net | ||||
of income tax: | 90 | (361) | n.m | |
Total comprehensive loss for the period | (213) | (483) | -56% | |
Loss per share attributable to equity holders of | ||||
the Company (Cents per share) | ||||
Basic and diluted loss per share | (0.04) | (0.02) | -100% | |
B. CONDENSED INTERIM STATEMENTS OF FINANCIAL POSITION
Page 2 |
Note | |
ASSETS | |
Non-current assets | |
Investment in subsidiaries | 9 |
Investment in an associate | 10 |
Investment in a joint venture | 11 |
Financial assets, at fair value through profit | 12 |
or loss("FVPL") | |
Plant and equipment | 8 |
Total non-current assets | |
Current assets | |
Cash and cash equivalents | 13 |
Trade and other receivables | 14 |
Inventories | 15 |
Total current assets |
Total assets
Equity attributable to equity holders of the Company
Share capital | 18 |
Other reserves | 19 |
Accumulated losses | |
Total equity | |
Non-current liability | |
Borrowings | 16 |
Total non-current liability | |
Current liabilities | |
Borrowings | 16 |
Trade and other payables | 17 |
Total current liabilities |
Total liabilities
Total liabilities and equity
Group
As at As at 30-Jun-2131-Mar-21
$'000 $'000
- | - |
- | - |
- | - |
- | - |
- 188
- 188
1,806 | 1,153 |
11,635 | 13,697 |
1,492 | 1,949 |
14,933 | 16,799 |
15,093 | 16,987 |
141,887 | 141,887 |
16,530 | 16,440 |
(149,908) | (149,605) |
8,509 | 8,722 |
49 | 101 |
49 | 101 |
729692
5,806 7,472
6,535 8,164
6,584 8,265
15,093 16,987
Company | |
As at | As at |
30-Jun-21 | 31-Mar-21 |
$'000 | $'000 |
9,242 | 9,360 |
- | - |
- | - |
- | - |
- | - |
9,242 | 9,360 |
72 | 33 |
9 | 23 |
- | - |
81 | 56 |
9,323 | 9,416 |
141,887 | 141,887 |
18,085 | 18,085 |
(151,220) | (151,084) |
8,752 | 8,888 |
- | - |
- | - |
- | - |
571 | 528 |
571 | 528 |
571 | 528 |
9,323 | 9,416 |
Page 3
C. CONDENSED INTERIM STATEMENTS OF CHANGES IN EQUITY
Capital | Foreign | Reserve for | Other | |||||
Share | Treasury | currency | contingent | Accumulated | ||||
reduction | reserves | Total equity | ||||||
capital | reserve | shares | translation | issuance of | total | losses | ||
reserve | shares | |||||||
$ '000 | $ '000 | $ '000 | $ '000 | $ '000 | $ '000 | $ '000 | $ '000 | |
GROUP | ||||||||
Bal at 01/04/2021 | ||||||||
141,887 | 18,384 | (299) | (1,645) | - | 16,440 | (149,605) | 8,722 | |
Loss for the period | - | - | - | - | - | - | (303) | (303) |
Other comprehensive loss for the period | ||||||||
Exchange differences arising from translation of | ||||||||
foreign operations | - | - | - | 90 | - | 90 | - | 90 |
Total comprehensive loss for the period | - | - | - | 90 | - | 90 | (303) | (213) |
Bal at 30/06/2021 | 141,887 | 18,384 | (299) | (1,555) | - | 16,530 | (149,908) | 8,509 |
GROUP | ||||||||
Bal at 01/04/2020 | ||||||||
141,887 | 18,384 | (299) | (1,725) | - | 16,360 | (150,511) | 7,736 | |
Loss for the period | - | - | - | - | - | - | (122) | (122) |
Other comprehensive loss | ||||||||
Exchange differences arising from translation of | ||||||||
foreign operations | - | - | - | (361) | - | (361) | - | (361) |
Total comprehensive loss for the period | - | - | - | (361) | - | (361) | (122) | (483) |
Bal at 30/06/2020 | 141,887 | 18,384 | (299) | (2,086) | - | 15,999 | (150,633) | 7,253 |
Page 4
D. CONDENSED INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS
Group
First Quarter Ended
30-Jun-2130-Jun-20
$'000 $'000
Operating activities Loss before income tax Adjustments for:
Interest expense Interest income
Depreciation of plant and equipment Other income
Loss on disposal of plant and equipment Foreign exchange differences
Operating loss before working capital changes
Working capital changes:
Trade and other receivables
Inventories
Trade and other payables
Net cash provided by /(used in) operating activities
Investing activities
Proceeds from disposal of plant and equipment
Net cash provided by investing activities
Financing activities
Interest paid
Proceeds from bank loan
Repayment of lease liabilities
Net cash (used in)/provided by financing activities
Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at beginning of the period Exchange difference on cash and cash equivalents
Cash and cash equivalents at end of the period
- (122)
9 | 2 |
(1) | - |
29 | 4 |
- (53)
-2
92 (360)
- (527)
2,062 (2,430)
457 2,263
(1,666) (311)
677 (1,005)
- | 1 |
- | 1 |
- (2)
- 592
- (1)
- 589
642 (415)
1,153 1,539
1053
1,806 1,177
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Sunmoon Food Company Limited published this content on 13 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 October 2021 12:01:05 UTC.