TOP GLOVE CORPORATION BHD.
Company No.199801018294 [474423-X]
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The World's Largest Manufacturer of Gloves
Website : www.topglove.com E-mail : invest@topglove.com.my
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS
FOR THE FIRST QUARTER ENDED 30 NOVEMBER 2021
Current | Corresponding | Current | Corresponding | ||||
Quarter Ended | Quarter Ended | Year To Date | Year To Date | ||||
30 Nov 2021 | 30 Nov 2020 | 30 Nov 2021 | 30 Nov 2020 | ||||
RM'000 | RM'000 | RM'000 | RM'000 | ||||
Revenue | 1,584,120 | 4,758,333 | 1,584,120 | 4,758,333 | |||
Operating expenses | (1,367,064) | (1,712,230) | (1,367,064) | (1,712,230) | |||
Other operating income | 43,496 | 38,734 | 43,496 | 38,734 | |||
Profit from operations | 260,552 | 3,084,837 | 260,552 | 3,084,837 | |||
Finance costs | (1,077) | (936) | (1,077) | (936) | |||
Share of results of an associate | (630) | 763 | (630) | 763 | |||
Profit before tax | 258,845 | 3,084,664 | 258,845 | 3,084,664 | |||
Taxation | (56,472) | (697,408) | (56,472) | (697,408) | |||
Profit net of tax | 202,373 | 2,387,256 | 202,373 | 2,387,256 | |||
Profit attributable to: | |||||||
Owners of the parent | 185,718 | 2,357,785 | 185,718 | 2,357,785 | |||
Holders of Perpetual Sukuk | 12,802 | 12,873 | 12,802 | 12,873 | |||
Non controlling interests | 3,853 | 16,598 | 3,853 | 16,598 | |||
202,373 | 2,387,256 | 202,373 | 2,387,256 | ||||
Earnings per share attributable to owners | |||||||
of the parent, sen: | |||||||
Basic | 2.32 | 29.02 | 2.32 | 29.02 | |||
Diluted | 2.32 | 28.97 | 2.32 | 28.97 | |||
The Condensed Consolidated Statement of Profit or Loss should be read in conjunction with the
Annual Financial Report for the financial year ended 31 August 2021.
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TOP GLOVE CORPORATION BHD.
Company No.199801018294 [474423-X]
(Incorporated in Malaysia)
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE FIRST QUARTER ENDED 30 NOVEMBER 2021
Current | Corresponding | Current | Corresponding | ||||
Quarter Ended | Quarter Ended | Year To Date | Year To Date | ||||
30 Nov 2021 | 30 Nov 2020 | 30 Nov 2021 | 30 Nov 2020 | ||||
RM'000 | RM'000 | RM'000 | RM'000 | ||||
Profit net of tax | 202,373 | 2,387,256 | 202,373 | 2,387,256 | |||
Other comprehensive (loss)/income : | |||||||
Items that may be reclassified subsequently to | |||||||
profit or loss: | |||||||
Net movement on debt securities at fair value | |||||||
through other comprehensive income | (1,709) | 182 | (1,709) | 182 | |||
Foreign currency translation differences of | |||||||
foreign operations | (15,478) | 2,804 | (15,478) | 2,804 | |||
Cash flow hedge | 0 | 2,690 | 0 | 2,690 | |||
Other comprehensive (loss)/income, net of tax | |||||||
(17,187) | 5,676 | (17,187) | 5,676 | ||||
Total comprehensive income | |||||||
185,186 | 2,392,932 | 185,186 | 2,392,932 | ||||
Total comprehensive income attributable to: | |||||||
Owners of the parent | 169,372 | 2,363,283 | 169,372 | 2,363,283 | |||
Holders of Perpetual Sukuk | 12,802 | 12,873 | 12,802 | 12,873 | |||
Non controlling interests | 3,012 | 16,776 | 3,012 | 16,776 | |||
185,186 | 2,392,932 | 185,186 | 2,392,932 | ||||
The Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the
Annual Financial Report for the financial year ended 31 August 2021.
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TOP GLOVE CORPORATION BHD.
Company No.199801018294 [474423-X]
(Incorporated in Malaysia)
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2021
Unaudited as at | Audited as at | ||
30 Nov 2021 | 31 Aug 2021 | ||
ASSETS | RM'000 | RM'000 | |
Non current assets | |||
Property, plant and equipment | 4,090,377 | 3,958,715 | |
Right-of-use assets | 208,582 | 210,649 | |
Investment property | 227,400 | 227,400 | |
Investment in an associate | 12,439 | 13,069 | |
Deferred tax assets | 15,788 | 17,073 | |
Biological assets | 684 | 574 | |
Investment securities: Unquoted investments | 392 | 392 | |
Intangible assets | 1,007,907 | 1,008,795 | |
Current assets | 5,563,569 | 5,436,667 | |
Inventories | 997,032 | 1,144,705 | |
Trade and other receivables | 344,660 | 566,299 | |
Other current assets | 122,885 | 118,174 | |
Current tax asset | 172,263 | 5,803 | |
Derivative financial instruments | 0 | 2,411 | |
Investment securities: Money market funds | 605,848 | 1,323,297 | |
Investment securities: Debt securities | 316,282 | 306,622 | |
Cash and bank balances | 894,949 | 878,446 | |
Total assets | 3,453,919 | 4,345,757 | |
9,017,488 | 9,782,424 | ||
EQUITY AND LIABILITIES | |||
Current liabilities | |||
Trade and other payables | 755,018 | 692,361 | |
Contract liabilities | 505,203 | 737,627 | |
Loans and borrowings | 305,551 | 312,704 | |
Lease liabilities | 5,562 | 5,542 | |
Income tax payable | 130,640 | 450,023 | |
Derivative financial instruments | 869 | 230 | |
Net current assets | 1,702,843 | 2,198,487 | |
1,751,076 | 2,147,270 | ||
Non current liabilities | |||
Loans and borrowings | 133,501 | 146,002 | |
Lease liabilities | 16,349 | 18,127 | |
Deferred tax liabilities | 202,327 | 191,200 | |
Provisions | 7,265 | 8,448 | |
Total liabilities | 359,442 | 363,777 | |
2,062,285 | 2,562,264 | ||
Net assets | 6,955,203 | 7,220,160 | |
Equity attributable to owners of the parent | |||
Share capital | 1,842,021 | 1,841,654 | |
Treasury shares | (1,413,274) | (1,413,274) | |
Retained earnings | 5,094,964 | 5,342,360 | |
Other reserves | 85,948 | 101,663 | |
5,609,659 | 5,872,403 | ||
Perpetual Sukuk | 1,295,262 | 1,295,262 | |
Non controlling interests | 50,282 | 52,495 | |
Total equity | 6,955,203 | 7,220,160 | |
Total equity and liabilities | 9,017,488 | 9,782,424 | |
Net assets per share attributable to ordinary equity holders | |||
of the parent, RM | 0.70 | 0.73 |
The Condensed Consolidated Statement of Financial Position should be read in conjunction with the
Annual Financial Report for the financial year ended 31 August 2021.
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