Pursuant to Rule 705(2C) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist, Asiatic Group (Holdings) Limited is required by SGX-ST to announce its quarterly financial statements.
Asiatic Group (Holdings) Limited and its Subsidiaries
Registration Number : 200209290R
Condensed Interim Financial Statements
For the quarter ended 30 June 2021
Asiatic Group (Holdings) Limited and its Subsidiaries
Table of Contents | ||
A. | Condensed interim consolidated statement of profit or loss ........................................................... | 1 |
B. | Condensed interim consolidated statement of other comprehensive income ................................ | 2 |
C. | Condensed interim statements of financial position ........................................................................ | 3 |
D. | Condensed interim statements of changes in equity ...................................................................... | 5 |
E. | Condensed interim consolidated statement of cash flows .............................................................. | 6 |
F. | Notes to the condensed interim consolidated financial statements ................................................ | 8 |
G. | Other Information Required by Listing Rule Appendix 7C ............................................................ | 22 |
Asiatic Group (Holdings) Limited and its Subsidiaries
Condensed interim consolidated statement of profit or loss
Period Ended 30 June 2021
The Group | ||||
3 months | 3 months | |||
ended | ended | |||
Note | 30 June 2021 | 30 June 2020 | Change | |
S$'000 | S$'000 | % | ||
Revenue | ||||
Sale of goods | 5.2 | 3,779 | 2,837 | 33.20 |
Sale of services | 5.2 | 4,327 | 8,172 | -47.05 |
8,106 | 11,009 | -26.37 | ||
Other income | 177 | 626 | -71.73 | |
Costs and expenses | ||||
Cost of sales | (5,570) | (7,559) | -26.31 | |
Foreign exchange loss | (37) | (585) | -93.68 | |
Staff costs | (1,396) | (1,500) | -6.93 | |
Depreciation of property, plant and equipment | (622) | (598) | 4.01 | |
Depreciation of right-of-use assets | (82) | (77) | 6.49 | |
Impairment of financial assets | (477) | (396) | 20.45 | |
Other operating expenses | (523) | (467) | 11.99 | |
(Loss)/profit from operating activities | (424) | 453 | N.M. | |
Finance costs | (203) | (177) | 14.69 | |
(Loss)/profit before tax | 7.1 | (627) | 276 | N.M. |
Income tax expense | 8 | (63) | (57) | 10.53 |
(Loss)/profit for the period | (690) | 219 | N.M. | |
Attributable to: | ||||
Equity holder of the Company | (670) | 70 | N.M. | |
Non-controlling interest | (20) | 149 | N.M. | |
(690) | 219 | N.M. | ||
(Loss)/profit per share (cent per share) | ||||
Basic and diluted | (0.04) | 0.00 | ||
N.M. : Not meaningful
Page 1
Asiatic Group (Holdings) Limited and its Subsidiaries
Condensed interim consolidated statement of other comprehensive income Period Ended 30 June 2021
The Group | ||||
3 months | 3 months | |||
ended | ended | |||
Note | 30 June 2021 | 30 June 2020 | Change | |
S$'000 | S$'000 | % | ||
(Loss)/profit for the period | (690) | 219 | ||
Other comprehensive income | ||||
Items that may be reclassified subsequently to profit | ||||
or loss: | ||||
Foreign currency translation | 9 | (202) | N.M. | |
Other comprehensive income for the period, net | ||||
of tax | 9 | (202) | N.M. | |
Total comprehensive income for the period | (681) | 17 | N.M. | |
Attributable to: | ||||
Equity holder of the Company | (661) | (8) | N.M. | |
Non-controlling interest | (20) | 25 | N.M. | |
(681) | 17 | N.M. | ||
N.M. : Not meaningful
Page 2
Asiatic Group (Holdings) Limited and its Subsidiaries
Condensed interim statements of financial position
As at 30 June 2021
The Group | The Company | ||||
30 June | 31 March | 30 June | 31 March | ||
Note | 2021 | 2021 | 2021 | 2021 | |
S$'000 | S$'000 | S$'000 | S$'000 | ||
Non-current assets
Property, plant and equipment | 11 | 50,783 | 51,370 |
Investments in subsidiaries | - | - | |
Right-of-use assets | 2,190 | 2,180 | |
Goodwill | 10 | 175 | 175 |
Other investments | 161 | 161 | |
53,309 | 53,886 | ||
Current assets | |||
Assets held for sale | - * | - * | |
Inventories | 3,756 | 3,753 | |
Trade receivables | 5,495 | 5,844 | |
Other receivables | 2,425 | 3,178 | |
Prepayments | 1,146 | 396 | |
Amounts due from subsidiaries | - | - | |
Cash and short-term deposits | 1,516 | 1,633 | |
14,338 | 14,804 | ||
Current liabilities | |||
Trade payables | 6,168 | 6,591 | |
Provision for demobilisation cost | 229 | 269 | |
Provision for restructuring cost | 119 | 226 | |
Other payables and accruals | 4,479 | 4,640 | |
Amounts due to subsidiaries | - | - | |
Loans and borrowings | 12 | 16,465 | 15,636 |
Lease and hire purchase liabilities | 440 | 400 | |
Provision for taxation | 526 | 500 | |
28,426 | 28,262 | ||
Net current liabilities | (14,088) | (13,458) | |
Non-current liabilities | |||
Loans and borrowings | 12 | 3,726 | 4,096 |
Amount due to non-controlling | |||
interests | 1,812 | 1,926 | |
Lease and hire purchase liabilities | 1,720 | 1,795 | |
Deferred tax liabilities | 1,349 | 1,316 | |
Net assets | 30,614 | 31,295 | |
5 | 5 |
32,367 | 32,182 |
- | - |
- | - |
- | - |
32,371 | 32,187 |
- | - |
- | - |
- | - |
- | - |
36 | 29 |
- | - |
23 | 23 |
59 | 52 |
- | - |
- | - |
- | - |
549 | 509 |
9,381 | 9,371 |
33 | 6 |
- | - |
- | - |
9,963 | 9,886 |
(9,904) | (9,834) |
- | - |
- | - |
- | - |
- | - |
22,468 | 22,353 |
- Amount is less than S$1,000.
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