YOMA STRATEGIC HOLDINGS LTD. Yoma Strategic Holdings Ltd (Company Registration No.: 196200185E)
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Yoma Strategic Holdings Ltd
(Incorporated in the Republic of Singapore)
(Company Registration No.: 196200185E)
(The "Company")
UNAUDITED FINANCIAL STATEMENTS FOR SIX MONTHS ENDED 30 SEPTEMBER 2020, TWELVE MONTHS ENDED 30 SEPTEMBER 2020 AND EIGHTEEN MONTHS ENDED 30 SEPTEMBER 2020
Change of Financial Year End
On 14 February 2020, the Company announced a change of financial year end from 31 March to 30 September. The unaudited financial statements of the Company and its subsidiaries (the "Group") presented in this announcement cover a 6-month period from 1 April 2020 to 30 September 2020 ("6M-Sept2020") and an 18-month period from 1 April 2019 to 30 September 2020 ("18M-Sept2020") for compliance and statutory purposes.
For the purposes of providing a more meaningful comparison and better understanding of the financial results of the Group, the Company also included the unaudited financial statements for a 12-month period from 1 October 2019 to 30 September 2020 ("12M-Sept2020") and a 12-month period from 1 October 2018 to 30 September 2019 ("12M- Sept2019") as comparative figures.
Yoma Strategic Holdings Ltd (Company Registration No.: 196200185E)
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1(a)(i) An income statement (for the group), together with a comparative statement for the corresponding period of the immediately preceding financial year.
The Group | |||||||||
US$'000 | % | US$'000 | % | ||||||
6-month period ended | Increase/ | 12-month period ended | Increase/ | ||||||
30.09.2020 | 30.09.2019 | (Decrease) | 30.09.2020 | 30.09.2019 | (Decrease) | ||||
Revenue | 51,180 | 40,834 | 25.3 | 103,358 | 91,015 | 13.6 | |||
Cost of sales | (34,626) | (25,609) | 35.2 | (70,300) | (45,726) | 53.7 | |||
Gross profit | 16,554 | 15,225 | 8.7 | 33,058 | 45,289 | (27.0) | |||
Gross profit margin | 32.3% | 37.3% | 32.0% | 49.8% | |||||
Other losses or gains | (16,463) | (23,579) | (30.2) | (11,619) | 8,959 | NM | |||
Expenses | |||||||||
- Administrative | (24,420) | (27,940) | (12.6) | (55,124) | (50,256) | 9.7 | |||
- Finance | (12,929) | (18,513) | (30.2) | (21,599) | (29,604) | (27.0) | |||
Share of (losses)/profits of joint ventures | (1,239) | 167 | NM | (1,806) | (901) | 100.4 | |||
Share of losses of associated companies | (6,705) | (1,850) | NM | (5,476) | (8,198) | (33.2) | |||
Loss before income tax | (45,202) | (56,490) | (20.0) | (62,566) | (34,711) | 80.2 | |||
Income tax expense | (2,751) | (1,214) | 126.6 | (3,172) | (2,443) | 29.8 | |||
Net loss | (47,953) | (57,704) | (16.9) | (65,738) | (37,154) | 76.9 | |||
Other comprehensive income/(loss): | |||||||||
Items that may be reclassified subsequently | |||||||||
to profit or loss: | |||||||||
- Currency translation gains/(losses) arising | |||||||||
from consolidation | 20,607 | (8,776) | NM | 46,386 | (1,093) | NM | |||
- Currency translation losses arising from | |||||||||
deemed disposal of joint venture | (142) | (439) | (67.7) | (142) | (439) | (67.7) | |||
- Share of other comprehensive income of | |||||||||
joint ventures | 199 | 293 | (32.1) | 579 | 131 | NM | |||
- Share of other comprehensive | |||||||||
income/(loss) of associated companies | 578 | (86) | NM | 1,151 | (101) | NM | |||
Other comprehensive income/(loss), net of | |||||||||
tax | 21,242 | (9,008) | NM | 47,974 | (1,502) | NM | |||
Items that will not be reclassified | |||||||||
subsequently to profit or loss: | |||||||||
- Currency translation gains/(losses) arising | |||||||||
from consolidation | 3,643 | (727) | NM | 10,621 | 376 | NM | |||
Total comprehensive (loss)/income for the | |||||||||
financial period | (23,068) | (67,439) | (65.8) | (7,143) | (38,280) | NM | |||
Net (loss)/profit attributable to: | |||||||||
Equity holders of the Company | (44,590) | (57,481) | (22.4) | (60,532) | (36,850) | 64.3 | |||
Non-controlling interests | (3,363) | (223) | NM | (5,206) | (304) | NM | |||
(47,953) | (57,704) | (16.9) | (65,738) | (37,154) | 76.9 | ||||
Total comprehensive (loss)/income | |||||||||
attributable to: | |||||||||
Equity holders of the Company | (23,348) | (66,489) | (64.9) | (12,558) | (38,352) | (67.3) | |||
Non-controlling interests | 280 | (950) | NM | 5,415 | 72 | NM | |||
(23,068) | (67,439) | (65.8) | (7,143) | (38,280) | NM |
NM - Not meaningful
1
Yoma Strategic Holdings Ltd (Company Registration No.: 196200185E)
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Revenue
Cost of sales
Gross profit
Gross profit margin
Other losses or gains
Expenses
- Administrative
- Finance
Share of losses of joint ventures
Share of losses of associated companies
(Loss)/profit before income tax Income tax expense
Net (loss)/profit
Other comprehensive income/(loss):
Items that may be reclassified subsequently to profit or loss:
- Currency translation gains/(losses) arising from consolidation
- Currency translation losses arising from deemed disposal of joint venture
- Share of other comprehensive income/(loss) of joint ventures
- Share of other comprehensive income/(loss) of associated companies Other comprehensive income/(loss), net of tax
Items that will not be reclassified subsequently to profit or loss:
- Currency translation gains/(losses) arising from consolidation Total comprehensive loss for the financial year
Net (loss)/profit attributable to:
Equity holders of the Company
Non-controlling interests
Total comprehensive (loss)/income attributable to:
Equity holders of the Company
Non-controlling interests
The Group
US$'000 | % | |
18-month | 12-month | |
period ended | period ended | Increase/ |
(Restated*) | ||
30.09.2020 | 31.03.2019 | (Decrease) |
144,192 | 100,698 | 43.2 |
(95,909) | (52,859) | 81.4 |
48,283 | 47,839 | 0.9 |
33.5% | 47.5% | |
(35,198) | 76,682 | NM |
(83,063) | (45,958) | 80.7 |
(40,113) | (22,793) | 76.0 |
(1,639) | (2,883) | (43.1) |
(7,326) | (9,485) | (22.8) |
(119,056) | 43,402 | NM |
(4,386) | (1,732) | 153.2 |
(123,442) | 41,670 | NM |
37,593 | (41,624) | NM |
(581) | - | NM |
872 | (170) | NM |
1,065 | (2,283) | NM |
38,949 | (44,077) | NM |
9,894 | (2,401) | NM |
(74,599) | (4,808) | NM |
(118,013) | 33,842 | NM |
(5,429) | 7,828 | NM |
(123,442) | 41,670 | NM |
(79,064) | (10,235) | NM |
4,465 | 5,427 | (17.7) |
(74,599) | (4,808) | NM |
2
Yoma Strategic Holdings Ltd (Company Registration No.: 196200185E)
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1(a)(ii) The following items (with appropriate breakdowns and explanations), if significant, must either be included in the income statement or in the notes to the income statement for the current financial period reported on and the corresponding period of the immediately preceding financial year:
The Group | ||||||
US$'000 | % | US$'000 | % | |||
6-month period ended | Increase/ | 12-month period ended | Increase/ | |||
30.09.2020 | 30.09.2019 | (Decrease) | 30.09.2020 | 30.09.2019 | (Decrease) | |
Expenses/(Income) | ||||||
Amortisation of intangible assets | 500 | 502 | (0.4) | 998 | 1,008 | (1.0) |
Depreciation of property, plant and | ||||||
equipment | 8,313 | 7,666 | 8.4 | 16,948 | 12,617 | 34.3 |
Write-off of property, plant and | ||||||
equipment | 381 | 17 | NM | 928 | 172 | 439.5 |
Employee share option expenses | 48 | 73 | (34.2) | 108 | 168 | (35.7) |
Employee share award expenses | 110 | 418 | (73.7) | 537 | 1,219 | (55.9) |
Fair value gain on financial assets at fair | ||||||
value through profit or loss | (830) | (3,856) | (78.5) | (1,378) | (9,407) | (85.4) |
Fair value (gain)/loss on financial | ||||||
liabilities at fair value through profit | ||||||
or loss | (107) | - | NM | (107) | 1,616 | NM |
Gain on disposal of property, plant and | ||||||
equipment | (140) | (183) | (23.5) | (226) | (307) | (26.4) |
Gain on disposal of financial asset at fair | ||||||
value through profit or loss | (3,638) | - | NM | (3,638) | - | NM |
Net fair value losses/(gains) on | ||||||
investment properties | 12,109 | - | NM | 12,109 | (26,318) | NM |
Fair value losses on assets of disposal | ||||||
group classified as held-for-sale | 669 | 31,574 | (97.9) | 669 | 31,574 | (97.9) |
Impairment loss of prepayment - crop | ||||||
and supply agreement | 4,310 | - | NM | 4,310 | - | NM |
Impairment loss of agriculture | ||||||
operating rights | 1,316 | - | NM | 1,316 | - | NM |
Gain on divestment of investment of | ||||||
associate company | - | (306) | NM | (53) | (306) | (82.7) |
Gain on measurement of previously | ||||||
held interest in joint venture as a | ||||||
result of change in control | (241) | - | NM | (241) | - | NM |
Interest expense on borrowings | 8,635 | 11,971 | (27.9) | 19,890 | 22,046 | (9.8) |
Interest expense on leases liabilities | ||||||
and deferred trade payables | 1,943 | 2,130 | (8.8) | 4,164 | 2,514 | 65.6 |
Interest income | (1,452) | (155) | NM | (1,671) | (547) | NM |
Currency translation losses/(gains) on | ||||||
borrowings, net | 1,170 | 3,040 | (61.5) | (4,969) | 2,837 | NM |
Currency translation losses/(gains), net | 154 | (3,320) | NM | 46 | (5,559) | NM |
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Yoma Strategic Holdings Ltd. published this content on 28 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 November 2020 20:12:07 UTC
