United Overseas Australia : Profit Result (3rd Qtr 2021) UOA Development Bhd

For personal use only

For personal use only

UOA DEVELOPMENT BHD Interim Financial Report - 30 September 2021

For personal use only

CONTENTS

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

EXPLANATORY NOTES TO THE INTERIM FINANCIAL REPORT

1

2

3

4

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

only			As At
	30 September 2021
			RM'000
	ASSETS		(Unaudited)
	Non-current assets
	Property, plant and equipment	Note 1	409,195
	Investment properties		1,435,046
	Inventories		586,980
	Equity investments		87,208
	Deferred tax assets		50,330
			2,568,759
	Current assets
	Inventories		1,352,614
	Contract assets		94,473
	Trade and other receivables		311,356
	Amount owing by holding company		2
	Amount owing by related companies		3,334
	Current tax assets		45,296
	Short term investments		1,048,356
	Fixed deposits with licensed banks		243,541
useCash and bank balances		647,158
personal			3,746,130
TOTAL ASSETS		6,314,889
	EQUITY AND LIABILITIES
	Equity
	Share capital		2,821,766
	Merger reserve		2,252
	Fair value reserve		7,490
	Retained earnings		2,695,010
	Less : Treasury shares		(2,119)
	Equity attributable to owners of the Company		5,524,399
	Non-controlling interests		177,282
	Total equity		5,701,681
	Non-current liabilities
	Amount owing to non-controlling shareholders of subsidiary companies	1,955
	Lease liabilities		527
	Long term borrowings		300
	Deferred tax liabilities		40,111
			42,893
	Current liabilities
	Contract liabilities		99
For	Trade and other payables		513,689
Amount owing to holding company		530
Amount owing to related companies		843
	Amount owing to non-controlling shareholders of subsidiary company	45,500
	Lease liabilities		658
	Current tax liabilities		8,996
			570,315
	TOTAL LIABILITIES		613,208
	TOTAL EQUITY AND LIABILITIES		6,314,889
	Net Asset Per Share (RM)		2.37
	Based on number of shares net of treasury shares		2,326,465,500

As At

31 December 2020

RM'000

(Audited)

420,013

1,346,419

629,526

88,387

60,093

2,544,438

1,333,950

185,445

302,555

-

189

45,136

109,002

931,621

719,974

3,627,872

6,172,310

2,519,752

2,252

8,669

2,889,633

(2,119)

5,418,187

177,070

5,595,257

1,884

822

-

39,844

42,550

-

455,360

325

12,016

45,500

875

20,427

534,503

577,053

6,172,310

2.55

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.

For personal use only

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.