UOA DEVELOPMENT BHD Interim Financial Report - 30 September 2021

CONTENTS

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

1

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE

2

INCOME

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

3

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

4

EXPLANATORY NOTES TO THE INTERIM FINANCIAL REPORT

5 - 16

UOA DEVELOPMENT BHD Interim Financial Report - 30 September 2021

1

UOA DEVELOPMENT BHD 200401015520 (654023-V)

(Incorporated in Malaysia)

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 2021

As At

As At

30 September 2021

31 December 2020

RM'000

RM'000

ASSETS

(Unaudited)

(Audited)

Non-current assets

Property, plant and equipment

Note 1

409,195

420,013

Investment properties

1,435,046

1,346,419

Inventories

586,980

629,526

Equity investments

87,208

88,387

Deferred tax assets

50,330

60,093

2,568,759

2,544,438

Current assets

Inventories

1,352,614

1,333,950

Contract assets

94,473

185,445

Trade and other receivables

311,356

302,555

Amount owing by holding company

2

-

Amount owing by related companies

3,334

189

Current tax assets

45,296

45,136

Short term investments

1,048,356

109,002

Fixed deposits with licensed banks

243,541

931,621

Cash and bank balances

647,158

719,974

3,746,130

3,627,872

TOTAL ASSETS

6,314,889

6,172,310

EQUITY AND LIABILITIES

Equity

Share capital

2,821,766

2,519,752

Merger reserve

2,252

2,252

Fair value reserve

7,490

8,669

Retained earnings

2,695,010

2,889,633

Less : Treasury shares

(2,119)

(2,119)

Equity attributable to owners of the Company

5,524,399

5,418,187

Non-controlling interests

177,282

177,070

Total equity

5,701,681

5,595,257

Non-current liabilities

Amount owing to non-controlling shareholders of subsidiary companies

1,955

1,884

Lease liabilities

527

822

Long term borrowings

300

-

Deferred tax liabilities

40,111

39,844

42,893

42,550

Current liabilities

Contract liabilities

99

-

Trade and other payables

513,689

455,360

Amount owing to holding company

530

325

Amount owing to related companies

843

12,016

Amount owing to non-controlling shareholders of subsidiary company

45,500

45,500

Lease liabilities

658

875

Current tax liabilities

8,996

20,427

570,315

534,503

TOTAL LIABILITIES

613,208

577,053

TOTAL EQUITY AND LIABILITIES

6,314,889

6,172,310

Net Asset Per Share (RM)

2.37

2.55

Based on number of shares net of treasury shares

2,326,465,500

2,123,771,300

Note 1 : Included in the net carrying amount of property, plant and equipment are right-of-use assets of

RM215,599,000 (2020: RM215,099,000).

The condensed consolidated statement of financial position should be read in conjunction with the audited financial statements for the financial year ended 31 December 2020 and the accompanying explanatory notes attached to the interim financial report.

UOA DEVELOPMENT BHD Interim Financial Report - 30 September 2021

2

UOA DEVELOPMENT BHD 200401015520 (654023-V)

(Incorporated in Malaysia)

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

FOR THE FINANCIAL PERIOD ENDED 30 SEPTEMBER 2021

Individual Quarter Ended

Cumulative Quarter Ended

30 September

30 September

30 September

30 September

2021

2020

2021

2020

RM'000

RM'000

RM'000

RM'000

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

Revenue

54,583

134,337

411,039

650,489

Cost of sales

(12,641)

(52,206)

(243,738)

(361,469)

Gross profit

41,942

82,131

167,301

289,020

Fair value adjustment on investment properties

-

114,000

-

114,000

Other income

39,541

47,511

117,161

143,557

Impairment losses of financial assets

(1,799)

(185)

(4,769)

(102)

Administrative and general expenses

(30,285)

(34,019)

(87,834)

(103,773)

Other expenses

(10,697)

(15,031)

(32,727)

(38,374)

Finance income

8,421

3,895

21,566

17,281

Finance costs

(39)

(222)

(134)

(986)

Profit before tax

47,084

198,080

180,564

420,623

Tax expense

(12,765)

13,712

(52,653)

(55,759)

Profit for the financial year

34,319

211,792

127,911

364,864

Other comprehensive income, net of tax

Items that will not be reclassified to profit or loss

Fair value (loss)/gain on remeasuring of

financial assets

(2,135)

938

(1,179)

50

Total comprehensive income for the financial year

32,184

212,730

126,732

364,914

Profit attributable to:

Owners of the Company

33,147

208,929

123,590

356,326

Non-controlling interests

1,172

2,863

4,321

8,538

34,319

211,792

127,911

364,864

Total comprehensive income attributable to:

Owners of the Company

31,012

209,867

122,411

356,376

Non-controlling interests

1,172

2,863

4,321

8,538

32,184

212,730

126,732

364,914

Earnings per share (Sen)

- Basic earnings per share

1.45

10.26

5.68

17.91

- Diluted earnings per share

N/A

N/A

N/A

N/A

The condensed consolidated statement of comprehensive income should be read in conjunction with the audited financial statements for the financial year ended 31 December 2020 and the accompanying explanatory notes attached to the interim financial report.

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UOA - United Overseas Australia Limited published this content on 30 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2021 04:30:03 UTC.