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.