YTL Berhad : Quarterly Report Q1 FY 2022

YTL CORPORATION BERHAD

Company No. 198201012898 (92647-H)

Incorporated in Malaysia

Interim Financial Report

30 September 2021

YTL CORPORATION BERHAD

Company No. 198201012898 (92647-H)

Incorporated in Malaysia

Interim Financial Report

30 September 2021

	Page No.
Condensed Consolidated Income Statement		1
Condensed Consolidated Statement of Comprehensive Income		2
Condensed Consolidated Statement of Financial Position	3	- 4
Condensed Consolidated Statement of Changes in Equity	5	- 6
Condensed Consolidated Statement of Cash Flows	7	- 9
Notes to the Interim Financial Report	10	- 28

YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H)) (Incorporated in Malaysia)

INTERIM FINANCIAL REPORT

Interim financial report on consolidated results for the financial period ended 30 September 2021.

The figures have not been audited.

CONDENSED CONSOLIDATED INCOME STATEMENT

	Individual Quarter			Cumulative Quarter
	Current			Preceding Year
	Year			Corresponding
	Quarter			Quarter			3 Months Ended
	30.09.2021	30.09.2020	30.09.2021	30.09.2020
	RM'000			RM'000			RM'000		RM'000
Revenue	5,064,597	4,178,828	5,064,597	4,178,828
Cost of sales	(4,051,966)		(3,366,580)		(4,051,966)		(3,366,580)
Gross profit	1,012,631	812,248	1,012,631	812,248
Other operating income	76,419	66,720	76,419	66,720
Other operating expenses	(501,884)		(441,623)		(501,884)		(441,623)
Profit from operations	587,166	437,345	587,166	437,345
Finance costs	(379,310)	(379,147)	(379,310)	(379,147)
Share of results of associated
companies and joint ventures	117,568		78,648		117,568		78,648
Profit before taxation	325,424	136,846	325,424	136,846
Taxation	(147,419)		(88,146)		(147,419)		(88,146)
Profit for the period	178,005	48,700	178,005	48,700
Attributable to:-
Owners of the parent	105,222	1,293	105,222	1,293
Non-controlling interests	72,783		47,407		72,783		47,407
Profit for the period	178,005	48,700	178,005	48,700
Earnings per share
Basic (Sen)	0.96	0.01	0.96	0.01

The Condensed Consolidated Income Statement should be read in conjunction with the audited annual financial statements for the year ended 30 June 2021 and the accompanying explanatory notes attached to the interim financial statements.

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YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H)) (Incorporated in Malaysia)

INTERIM FINANCIAL REPORT

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

		Individual Quarter		Cumulative Quarter
		Current		Preceding Year
		Year		Corresponding		3 Months Ended
		Quarter		Quarter
		30.09.2021	30.09.2020	30.09.2021	30.09.2020
		RM'000		RM'000		RM'000		RM'000
Profit for the period		178,005		48,700		178,005		48,700
Other comprehensive income/(loss) :-
Items that will not be reclassified
subsequently to income statement:-
- financial assets at fair value through
other comprehensive income	(5,027)	(43,552)	(5,027)	(43,552)
- foreign currency translation	(80,325)	(36,174)	(80,325)	(36,174)
Items that may be reclassified
subsequently to income statement:-
- cash flow hedges	(12,954)	34,834	(12,954)	34,834
- share of other comprehensive (loss)/
income of associated company	(8,176)	8,569	(8,176)	8,569
- foreign currency translation		(121,394)		(41,174)		(121,394)		(41,174)
Other comprehensive loss
for the period, net of tax		(227,876)		(77,497)		(227,876)		(77,497)
Total comprehensive loss
for the period		(49,871)		(28,797)		(49,871)		(28,797)
Attributable to :-
Owners of the parent	(40,437)	(47,594)	(40,437)	(47,594)
Non-controlling interests		(9,434)		18,797		(9,434)		18,797
Total comprehensive loss
for the period	(49,871)	(28,797)	(49,871)	(28,797)

The Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the audited annual financial statements for the year ended 30 June 2021 and the accompanying explanatory notes attached to the interim financial statement.

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YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H)) (Incorporated in Malaysia)

INTERIM FINANCIAL REPORT

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

	Unaudited		Audited
	As at		As at
	30.09.2021	30.06.2021
ASSETS	RM'000		RM'000
Non-current Assets
Property, plant and equipment	31,550,068	32,120,318
Right of use assets	1,668,481	1,712,517
Investment properties	1,963,288	1,976,498
Investment in associated companies and joint ventures	4,382,266	4,405,122
Investments	303,788	305,718
Development expenditure	1,077,802	1,067,428
Intangible assets	8,575,311	8,500,075
Trade, other receivables and contract assets	1,983,334	1,812,182
Derivative financial instruments	28,971	26,461
	51,533,309		51,926,319
Current Assets
Inventories	1,062,931	1,136,927
Property development costs	239,229	232,249
Trade, other receivables and contract assets	4,019,022	3,924,362
Derivative financial instruments	273,341	263,719
Income tax assets	176,336	134,979
Investments	2,502,635	2,473,454
Amount due from related parties	87,878	92,910
Fixed deposits	10,125,922	11,522,776
Cash and bank balances	2,133,354	2,155,871
	20,620,648		21,937,247
TOTAL ASSETS
72,153,957	73,863,566

The Condensed Consolidated Statement of Financial Position should be read in conjunction with the audited annual financial statements for the year ended 30 June 2021 and the accompanying explanatory notes attached to the interim financial statements.

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