YTL Berhad : Quarterly Report Q2 FY 2022

YTL CORPORATION BERHAD

Company No. 198201012898 (92647-H)

Incorporated in Malaysia

Interim Financial Report

31 December 2021

YTL CORPORATION BERHAD

Company No. 198201012898 (92647-H)

Incorporated in Malaysia

Interim Financial Report

31 December 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	- 30

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 31 December 2021.

The figures have not been audited.

CONDENSED CONSOLIDATED INCOME STATEMENT

	Individual Quarter		Cumulative Quarter
	Current		Preceding Year
	Year		Corresponding		6 Months Ended
	Quarter		Quarter
	31.12.2021	31.12.2020	31.12.2021	31.12.2020
	RM'000		RM'000		RM'000		RM'000
Revenue	6,851,673	4,591,699	11,916,270	8,770,527
Cost of sales	(6,061,379)		(3,694,628)		(10,113,345)		(7,061,208)
Gross profit	790,294	897,071	1,802,925	1,709,319
Other operating income	73,915	113,772	150,334	180,492
Other operating expenses	(442,869)		(513,685)		(944,753)		(955,308)
Profit from operations	421,340	497,158	1,008,506	934,503
Finance costs	(385,828)	(398,163)	(765,138)	(777,310)
Share of results of associated
companies and joint ventures	106,388		97,857		223,956		176,505
Profit before taxation	141,900	196,852	467,324	333,698
Taxation	(78,624)		(111,404)		(226,043)		(199,550)
Profit for the period	63,276	85,448	241,281	134,148
Attributable to:-
Owners of the parent	2,037	16,094	107,259	17,387
Non-controlling interests	61,239		69,354		134,022		116,761
Profit for the period	63,276	85,448	241,281	134,148
Earnings per share
Basic (Sen)	0.02	0.15	0.98	0.16

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		6 Months Ended
			Quarter		Quarter
			31.12.2021	31.12.2020	31.12.2021	31.12.2020
			RM'000		RM'000		RM'000		RM'000
Profit for the period		63,276		85,448		241,281		134,148
Other comprehensive income/(loss) :-
Items that will not be reclassified
subsequently to income statement:-
- financial assets at fair value through		73	(22,037)	(43,479)
other comprehensive income	(17,010)
- foreign currency translation	7,902	57,876	(72,423)	21,702
Items that may be reclassified
subsequently to income statement:-
- cash flow hedges	(231,815)	166,754	(244,769)	201,588
- share of other comprehensive (loss)/
income of associated company	(1,332)	11,055	(9,508)	19,624
- foreign currency translation		44,689		117,598		(76,705)		76,424
Other comprehensive (loss)/income
for the period, net of tax		(197,566)		353,356		(425,442)		275,859
Total comprehensive (loss)/income
for the period		(134,290)		438,804		(184,161)		410,007
Attributable to :-
Owners of the parent	(101,617)	232,454	(142,054)	184,860
Non-controlling interests		(32,673)		206,350		(42,107)		225,147
Total comprehensive (loss)/income
for the period	(134,290)	438,804	(184,161)	410,007

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
		31.12.2021	30.06.2021
ASSETS	RM'000			RM'000
Non-current Assets
Property, plant and equipment	31,807,639	32,120,318
Right of use assets	1,741,028	1,712,517
Investment properties	1,990,206	1,976,498
Investment in associated companies and joint ventures	4,415,350	4,405,122
Investments	362,804	305,718
Development expenditure	1,086,615	1,067,428
Intangible assets	8,596,429	8,500,075
Trade, other receivables and contract assets	2,048,842	1,812,182
Derivative financial instruments	14,556	26,461
		52,063,469			51,926,319
Current Assets
Inventories	1,124,611	1,136,927
Property development costs	253,790	232,249
Trade, other receivables and contract assets	4,557,452	3,924,362
Derivative financial instruments	241,485	263,719
Income tax assets	172,074	134,979
Investments	2,152,254	2,473,454
Amount due from related parties	96,113	92,910
Fixed deposits	8,578,796	11,522,776
Cash and bank balances	2,815,413	2,155,871
		19,991,988		21,937,247
TOTAL ASSETS
	72,055,457	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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