BRITISH AMERICAN TOBACCO (MALAYSIA) BERHAD
UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE QUARTER ENDED 30 JUNE 2022
BRITISH AMERICAN TOBACCO (MALAYSIA) BERHAD
Registration No. 196101000326 (4372-M)
British American Tobacco (Malaysia) Berhad
Registration No. 196101000326 (4372-M)
UNAUDITED CONDENSED CONSOLIDATED INCOME STATEMENT
FOR THE QUARTER AND PERIOD ENDED 30 JUNE 2022
Individual period | Cumulative period | ||||
3 months ended | 6 months ended | ||||
Note | 30.6.2022 | 30.6.2021 | 30.6.2022 | 30.6.2021 | |
RM'000 | RM'000 | RM'000 | RM'000 | ||
Revenue | 637,457 | 595,798 | 1,159,016 | 1,162,350 | |
Cost of sales | (469,493) | (446,003) | (861,463) | (870,064) | |
Gross profit | 167,964 | 149,795 | 297,553 | 292,286 | |
Other operating income | 1,231 | 91 | 1,848 | 374 | |
Operating expenses | (60,581) | (43,291) | (108,732) | (99,308) | |
Profit from operations | 108,614 | 106,595 | 190,669 | 193,352 | |
Finance costs | (5,388) | (3,972) | (10,367) | (7,670) | |
Profit before tax | B2 | 103,226 | 102,623 | 180,302 | 185,682 |
Tax expense | B3 | (29,977) | (31,005) | (54,765) | (50,951) |
Profit after tax | 73,249 | 71,618 | 125,537 | 134,731 | |
Profit attributable to the | |||||
shareholders of the Company | 73,249 | 71,618 | 125,537 | 134,731 | |
Effective tax rate | 29.0% | 30.2% | 30.4% | 27.4% | |
EPS | B10 | 25.7 | 25.1 | 44.0 | 47.2 |
Dividends | |||||
- Interim 1 | - | - | 17 | 21 | |
- Interim 2 | 25 | 24 | 25 | 24 | |
25 | 24 | 42 | 45 |
The unaudited Condensed Consolidated Income Statement should be read in conjunction with the Annual Audited Financial Statements of the Group for the year ended 31 December 2021.
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British American Tobacco (Malaysia) Berhad
Registration No. 196101000326 (4372-M)
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE QUARTER AND PERIOD ENDED 30 JUNE 2022
Individual period | Cumulative period | |||
3 months ended | 6 months ended | |||
30.6.2022 | 30.6.2021 | 30.6.2022 | 30.6.2021 | |
RM'000 | RM'000 | RM'000 | RM'000 | |
Profit after tax | 73,249 | 71,618 | 125,537 | 134,731 |
Other comprehensive income, | ||||
net of tax | ||||
Items that may be subsequently | ||||
reclassified to income statement | ||||
- changes in fair value of | ||||
cash flow hedges | 5,860 | 547 | 5,937 | 6,525 |
- deferred tax on fair value changes | ||||
of cash flow hedges | (1,406) | (132) | (1,424) | (1,566) |
Total other comprehensive | ||||
income, net of tax | 4,454 | 415 | 4,513 | 4,959 |
Total comprehensive income | 77,703 | 72,033 | 130,050 | 139,690 |
Profit attributable to: | ||||
Shareholders of the Company | 73,249 | 71,618 | 125,537 | 134,731 |
Total comprehensive income | ||||
attributable to: | ||||
Shareholders of the Company | 77,703 | 72,033 | 130,050 | 139,690 |
The unaudited Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the Annual Audited Financial Statements of the Group for the year ended 31 December 2021.
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British American Tobacco (Malaysia) Berhad
Registration No. 196101000326 (4372-M)
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET
AS AT 30 JUNE 2022
As at | As at | ||
30.6.2022 | 31.12.2021 | ||
Note | RM'000 | RM'000 | |
Assets | |||
Property, plant and equipment | 54,318 | 46,445 | |
Computer software | 3,137 | 3,271 | |
Goodwill | 411,618 | 411,618 | |
Deferred tax assets | - | 6,220 | |
Total non-current assets | 469,073 | 467,554 | |
Inventories | 214,185 | 177,641 | |
Tax recoverable | 1,525 | 1,540 | |
Trade and other receivables | 650,477 | 723,030 | |
Derivative financial instruments | 5,932 | 456 | |
Cash and bank balances | 56,283 | 21,827 | |
Total current assets | 928,402 | 924,494 | |
Total assets | 1,397,475 | 1,392,048 | |
Equity | |||
Share capital | 142,765 | 142,765 | |
Cash flow hedge reserve | 4,183 | (330) | |
Retained earnings | 239,991 | 240,087 | |
Total equity | 386,939 | 382,522 | |
Liabilities | |||
Lease liabilities | 22,959 | 14,638 | |
Deferred tax liabilities | 492 | - | |
Total non-current liabilities | 23,451 | 14,638 | |
Trade and other payables | 160,892 | 190,960 | |
Borrowings | B5 | 775,000 | 775,000 |
Derivative financial instruments | 248 | 842 | |
Current tax liabilities | 40,973 | 22,812 | |
Lease liabilities | 9,972 | 5,274 | |
Total current liabilities | 987,085 | 994,888 | |
Total liabilities | 1,010,536 | 1,009,526 | |
Total equity and liabilities | 1,397,475 | 1,392,048 | |
Net assets per share (RM) | 1.36 | 1.34 |
The unaudited Condensed Consolidated Balance Sheet should be read in conjunction with the Annual Audited Financial Statements of the Group for the year ended 31 December 2021.
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British American Tobacco (Malaysia) Berhad
Registration No. 196101000326 (4372-M)
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 JUNE 2022
Non-distributable | Distributable | ||||
Cash flow | Share-based | ||||
Share | hedge | payment | Retained | Total | |
Capital | reserve | reserve | earnings | Equity | |
RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | |
At 1 January 2022 | 142,765 | (330) | - | 240,087 | 382,522 |
Profit after tax | - | - | - | 125,537 | 125,537 |
Other comprehensive income/(expense): | |||||
- changes in fair value of cash flow hedges | - | 5,937 | - | - | 5,937 |
- deferred tax on fair value changes on | |||||
cash flow hedges | - | (1,424) | - | - | (1,424) |
Total comprehensive income | - | 4,513 | - | 125,537 | 130,050 |
Transaction with shareholders: | |||||
Dividend for financial year | |||||
ended 31 December 2021 | |||||
- fourth interim | - | - | - | (77,093) | (77,093) |
Dividend for financial year | |||||
ended 31 December 2022 | |||||
- first interim | - | - | - | (48,540) | (48,540) |
Total transactions with shareholders | |||||
of the Company | - | - | - | (125,633) | (125,633) |
At 30 June 2022 | 142,765 | 4,183 | - | 239,991 | 386,939 |
At 1 January 2021 | 142,765 | (5,171) | - | 235,045 | 372,639 |
Profit after tax | - | - | - | 134,731 | 134,731 |
Other comprehensive income/(expense): | |||||
- changes in fair value of cash flow hedges | - | 6,525 | - | - | 6,525 |
- deferred tax on fair value changes on | |||||
cash flow hedges | - | (1,566) | - | - | (1,566) |
Total comprehensive income | - | 4,959 | - | 134,731 | 139,690 |
Transaction with shareholders: | |||||
Dividend for financial year | |||||
ended 31 December 2020 | |||||
- fourth interim | - | - | - | (77,093) | (77,093) |
Dividend for financial year | |||||
ended 31 December 2021 | |||||
- first interim | - | - | - | (59,961) | (59,961) |
Total transactions with shareholders | |||||
of the Company | - | - | - | (137,054) | (137,054) |
At 30 June 2021 | 142,765 | (212) | - | 232,722 | 375,275 |
The unaudited Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the Annual Audited Financial Statements of the Group for the year ended 31 December 2021.
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