YTL Berhad : Quarterly Report Q3 FY 2022

YTL CORPORATION BERHAD

Company No. 198201012898 (92647-H)

Incorporated in Malaysia

Interim Financial Report

31 March 2022

YTL CORPORATION BERHAD

Company No. 198201012898 (92647-H)

Incorporated in Malaysia

Interim Financial Report

31 March 2022

	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	- 32

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 March 2022.

The figures have not been audited.

CONDENSED CONSOLIDATED INCOME STATEMENT

		Individual Quarter			Cumulative Quarter
		Current		Preceding Year
		Year		Corresponding
		Quarter		Quarter			9 Months Ended
		31.03.2022	31.03.2021	31.03.2022	31.03.2021
		RM'000		RM'000			RM'000		RM'000
Revenue	6,170,650	4,219,794	18,086,920	12,990,321
Cost of sales	(5,411,428)		(3,331,206)		(15,524,773)		(10,392,414)
Gross profit	759,222	888,588	2,562,147	2,597,907
Other operating income	1,403,376	78,177	1,553,710	258,669
Other operating expenses	(931,321)		(503,660)		(1,876,074)		(1,458,968)
Profit from operations	1,231,277	463,105	2,239,783	1,397,608
Finance costs	(396,996)	(386,643)	(1,162,134)	(1,163,953)
Share of results of associated
companies and joint ventures		83,338		118,202		307,294		294,707
Profit before taxation	917,619	194,664	1,384,943	528,362
Taxation		(88,949)		(101,204)		(314,992)		(300,754)
Profit for the period	828,670	93,460	1,069,951	227,608
Attributable to:-
Owners of the parent	414,611	22,430	521,870	39,817
Non-controlling interests		414,059		71,030		548,081		187,791
Profit for the period	828,670	93,460	1,069,951	227,608
Earnings per share
Basic (Sen)	3.78		0.21		4.76		0.37
Diluted (Sen)	3.77	0.21	4.74	0.37

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
			Quarter		Quarter		9 Months Ended
			31.03.2022	31.03.2021	31.03.2022	31.03.2021
			RM'000		RM'000		RM'000		RM'000
Profit for the period		828,670		93,460		1,069,951		227,608
Other comprehensive income/(loss) :-
Items that will not be reclassified
subsequently to income statement:-
- financial assets at fair value through
other comprehensive income	(14,959)	(46,958)	(36,996)	(90,437)
- foreign currency translation	(5,909)	203,359	(78,332)	225,061
Items that may be reclassified
subsequently to income statement:-
- cash flow hedges	541,925	145,733	297,156	347,321
- share of other comprehensive income/
(loss) of associated company	8,810	(3,208)	(698)	16,416
- foreign currency translation		56,591		294,378		(20,114)		370,802
Other comprehensive income
for the period, net of tax		586,458		593,304		161,016		869,163
Total comprehensive income
for the period		1,415,128		686,764		1,230,967		1,096,771
Attributable to :-
Owners of the parent	767,833	346,251	625,779	531,111
Non-controlling interests		647,295		340,513		605,188		565,660
Total comprehensive income
for the period	1,415,128	686,764	1,230,967	1,096,771

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
	31.03.2022	30.06.2021
ASSETS	RM'000				RM'000
Non-current Assets
Property, plant and equipment	31,515,138	32,120,318
Right of use assets	1,622,247	1,712,517
Investment properties	2,737,786	1,976,498
Investment in associated companies and joint ventures	3,745,396	4,405,122
Investments	360,788	305,718
Development expenditure	1,019,474	1,067,428
Intangible assets	8,483,095	8,500,075
Trade, other receivables and contract assets	2,063,719	1,812,182
Derivative financial instruments	33,487	26,461
	51,581,130			51,926,319
Current Assets
Inventories	1,121,453	1,136,927
Property development costs	277,120	232,249
Trade, other receivables and contract assets	4,741,394	3,924,362
Derivative financial instruments	543,814	263,719
Income tax assets	191,944	134,979
Investments	1,422,247	2,473,454
Amount due from related parties	93,122	92,910
Fixed deposits	10,665,312	11,522,776
Cash and bank balances	2,104,772	2,155,871
	21,161,178			21,937,247
TOTAL ASSETS
72,742,308	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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