TAKA JEWELLERY HOLDINGS LIMITED TLV HOLDINGS LIMITED
Company Registration No. 201526542C
Unaudited Financial Statement and Dividend Announcement
For the Financial Period Ended 30 June 2020
This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.
The contact person for the Sponsor is Mr Joseph Au, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, sponsorship@ppcf.com.sg.
CHANGE OF FINANCIAL YEAR END
On 13 February 2020, TLV Holdings Limited (the "Company") announced a change of financial year end from 31 March to 30 June. The financial statements prepared for the unaudited results announcement will cover a 15 month financial period from 1 April 2019 to 30 June 2020 ("FP2020') versus a 12 month financial year from 1 April 2018 to 31 March 2019 ("FY2019").
TLV HOLDINGS LIMITED
Company Registration No. 201526542C
Unaudited Financial Statement and Dividend Announcement
For the Financial Period Ended 30 June 2020
PART I - INFORMATION REQUIRED FOR ANNOUNCEMENTS OF QUARTERLY (Q1, Q2 & Q3), HALF- YEAR AND FULL YEAR RESULTS
1(a)(i) An income statement and statement of comprehensive income, or a statement of comprehensive income (for the group) together with a comparative statement for the corresponding period of the immediately preceding financial year
Revenue
Cost of sales
Gross profit
Other operating income Distribution costs Administrative expenses Other operating expenses
Share of profit of associated companies Finance costs
(Loss)/ Profit before tax Income tax credit /(expense)
(Loss)/ Profit after tax
Other comprehensive income
Items that may be reclassified subsequently to profit or loss
Foreign currency translation
Share of foreign currency translation of associates Total comprehensive income
Attributable to :
Owners of the Company
Non-controlling interests
Total comprehensive income attributable to : Owners of the Company
Non-controlling interests
Group | |||||
FP2020 | FY2019 | Increase/ | |||
(Unaudited) | (Audited) | (Decrease) | |||
S$'000 | S$'000 | % | |||
114,121 | 119,036 | (4) | |||
(84,286) | (89,479) | (6) | |||
29,835 | 29,557 | 1 | |||
2,215 | 225 | 884 | |||
(20,918) | (18,717) | 12 | |||
(6,411) | (5,395) | 19 | |||
(3,556) | (1,484) | 140 | |||
134 | 231 | (42) | |||
(1,885) | (584) | 223 | |||
(586) | 3,833 | (115) | |||
193 | (367) | (153) | |||
(393) | 3,466 | (111) | |||
35 | 9 | Nm | |||
282 | 107 | 164 | |||
(76) | 3,582 | (102) | |||
(476) | 3,503 | (114) | |||
83 | (37) | Nm | |||
(393) | 3,466 | (111) | |||
(159) | 3,619 | (104) | |||
83 | (37) | Nm | |||
(76) | 3,582 | (102) | |||
Nm - not meaningful
2
TLV HOLDINGS LIMITED
Company Registration No. 201526542C
Unaudited Financial Statement and Dividend Announcement
For the Financial Period Ended 30 June 2020
1(a)(ii) Notes to Consolidated Statement of profit or loss and other comprehensive Income
(Loss)/ Profit before income tax is arrived after (charging)/crediting the following:
Group | |||||
FP2020 | FY2019 | Increase/ | |||
(Unaudited) | (Audited) | (Decrease) | |||
S$'000 | S$'000 | % | |||
Interest income from financial services | 3,099 | 1,801 | 72 | ||
Net allowances for impairment of trade | |||||
receivables | (2,860) | (1,247) | 129 | ||
Net fair value loss on bullion loans designated | |||||
as financial liabilities at fair value through profit | |||||
or loss | |||||
(2,961) | (58) | NM | |||
Net foreign currency (loss)/gain | 525 | (6) | NM | ||
Loss on disposal of property, plant and | |||||
equipment | _ | (23) | (100) | ||
Interest expense on bank borrowings | (1,498) | (584) | 157 | ||
Depreciation of right - of -use assets | (4,919) | _ | NM | ||
Depreciation of property, plant and equipment | (1,209) | (897) | 35 | ||
Amortisation of trademark | (176) | (141) | 25 | ||
3
TLV HOLDINGS LIMITED
Company Registration No. 201526542C
Unaudited Financial Statement and Dividend Announcement
For the Financial Period Ended 30 June 2020
1(b)(i) A statement of financial position (for the issuer and group), together with a comparative statement as at the end of the immediately preceding financial year
ASSETS
Non-current assets
Group | Company | |||
30.06.2020 | 31.03.2019 | 30.06.2020 | 31.03.2019 | |
Unaudited | Audited | Unaudited | Audited | |
S$'000 | S$'000 | S$'000 | S$'000 | |
Investment in subsidiaries Investment in associates Right of use assets Property, plant and equipment Trademarks
Other receivables Deferred tax assets
Current assets
Inventories
Trade and other receivables Prepayments
Cash and bank balances
Total assets
LIABILITIES
Current liabilities
Bank borrowings Bullion loans
Trade and other payables Lease liabilities
Income tax payable
NET CURRENT ASSETS
Non-current liabilities
Bank borrowings
Lease liabilities
Deferred tax liabilities
Provision
Total Liabilities
NET ASSETS
--
6,537 6,407
8,620-
10,324 10,967
528 704
- 719
- 459
27,762 19,256
91,053 86,637
53,148 55,999
132 145
13,681 11,529
158,014 154,310
185,776 173,566
27,053 17,382
3,055 6,836
30,420 34,754
4,375-
274 661
65,177 59,633
92,837 94,677
14,230 10,196
3,849-
- -
257 175
18,338 10,371
83,515 70,004
102,261 103,562
82,076 | 82,076 |
- | - |
- | - |
- | - |
- | - |
- | - |
- | - |
82,076 | 82,076 |
--
13,052 14,500
-
17
1,428 2,419
14,483 16,936
96,559 99,012
- | - |
- | - |
- 995
- -
- -
- 995
14,472 15,941
- | - |
- | - |
- | - |
- | - |
- | - |
11 995
96,548 98,017
4
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TLV Holdings Ltd. published this content on 28 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 September 2020 09:29:05 UTC
