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 half year ended 30 September 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 ............................................................ | 23 |
Asiatic Group (Holdings) Limited and its Subsidiaries
Condensed interim consolidated statement of profit or loss
Period Ended 30 September 2021
The Group | The Group | |||||||
6 | ||||||||
3 months | 3 months | 6 months | months | |||||
ended | ended | ended | ended | |||||
Note | 30 Sep 2021 30 Sep 2020 | Change | 30 Sep 2021 30 Sep 2020 | Change | ||||
S$'000 | S$'000 | % | S$'000 | S$'000 | % | |||
Revenue | ||||||||
Sale of goods | 5.2 | 4,915 | 2,934 | 67.5 | 8,694 | 5,771 | 50.7 | |
Sale of services | 5.2 | 4,774 | 6,958 | -31.4 | 9,101 | 15,130 | -39.9 | |
9,689 | 9,892 | -2.1 | 17,795 | 20,901 | -14.9 | |||
Other income | 171 | 344 | -50.3 | 348 | 970 | -64.1 | ||
Costs and expenses | ||||||||
Cost of sales | (6,737) | (6,603) | 2.0 | (12,307) | (14,162) | -13.1 | ||
Foreign exchange loss | (507) | 124 | N.M. | (544) | (461) | 18.0 | ||
Staff costs | (1,461) | (1,517) | -3.7 | (2,857) | (3,017) | -5.3 | ||
Depreciation of property, plant | ||||||||
and equipment | (498) | (660) | -24.6 | (1,120) | (1,258) | -11.0 | ||
Depreciation of right-of-use | ||||||||
assets | (76) | (97) | -21.7 | (158) | (174) | -9.2 | ||
Write back of /(impairment of) | ||||||||
financial assets | 164 | (902) | N.M. | (313) | (1,298) | -75.9 | ||
Other operating expenses | (555) | (1,134) | -51.0 | (1,078) | (1,601) | -32.6 | ||
Profit/(loss) from operating | ||||||||
activities | 190 | (553) | N.M. | (234) | (100) | 135.0 | ||
Finance costs | (224) | (137) | 63.5 | (427) | (314) | 36.0 | ||
Loss before tax | 7.1 | (34) | (690) | -94.9 | (661) | (414) | 59.9 | |
Income tax expense | 8 | (243) | (60) | 305.0 | (306) | (117) | 161.5 | |
Loss for the period | (277) | (750) | -62.9 | (967) | (531) | 82.3 | ||
Attributable to: | ||||||||
Equity holder of the Company | (270) | (903) | -70.1 | (940) | (833) | 12.9 | ||
Non controlling interest | (7) | 153 | N.M. | (27) | 302 | N.M. | ||
(277) | (750) | -62.9 | (967) | (531) | 82.3 | |||
Loss per share (cent per | ||||||||
share) | ||||||||
Basic and diluted | (0.02) | (0.06) | (0.06) | (0.05) |
N.M. : Not meaningful
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Asiatic Group (Holdings) Limited and its Subsidiaries
Condensed interim consolidated statement of other comprehensive income Period Ended 30 September 2021
The Group | The Group | ||||||
3 months | 3 months | 6 months | 6 months | ||||
ended | ended | ended | ended | ||||
Note | 30 Sep 2021 30 Sep 2020 | Change | 30 Sep 2021 30 Sep 2020 | Change | |||
S$'000 | S$'000 | % | S$'000 | S$'000 | % | ||
Loss for the period | (277) | (750) | (967) | (531) | |||
Other comprehensive | |||||||
income | |||||||
Items that may be reclassified | |||||||
subsequently to profit or | |||||||
loss: | |||||||
Foreign currency translation | 986 | (582) | N.M. | 995 | (784) | N.M. | |
Other comprehensive | |||||||
income for the period, net | |||||||
of tax | 986 | (582) | N.M. | 995 | (784) | N.M. | |
Total comprehensive | |||||||
income for the period | 709 | (1,332) | N.M. | 28 | (1,315) | N.M. | |
Attributable to: | |||||||
Equity holder of the Company | 712 | (1,628) | N.M. | 51 | (1,636) | N.M. | |
Non controlling interest | (3) | 296 | N.M. | (23) | 321 | N.M. | |
709 | (1,332) | N.M. | 28 | (1,315) | N.M. |
N.M. : Not meaningful
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Asiatic Group (Holdings) Limited and its Subsidiaries
Condensed interim statements of financial position
As at 30 September 2021
The Group | The Company | ||||||
30 Sep | 31 Mar | 30 Sep | 31 Mar | ||||
Note | 2021 | 2021 | 2021 | 2021 | |||
S$'000 | S$'000 | S$'000 | S$'000 | ||||
Non-current assets | |||||||
Property, plant and equipment | 11 | 50,972 | 51,370 | 4 | 5 | ||
Investments in subsidiaries | - | - | 32,336 | 32,182 | |||
Right-of-use assets | 2,186 | 2,180 | - | - | |||
Goodwill | 10 | 175 | 175 | - | - | ||
Other investments | 161 | 161 | - | - | |||
53,494 | 53,886 | 32,341 | 32,187 | ||||
Current assets | |||||||
Assets held for sale | - * | - * | - | - | |||
Inventories | 4,386 | 3,753 | - | - | |||
Trade receivables | 7,497 | 5,844 | - | - | |||
Other receivables | 1,268 | 3,178 | - | - | |||
Prepayments | 1,172 | 396 | 38 | 29 | |||
Amounts due from subsidiaries | - | - | - | - | |||
Cash and short-term deposits | 1,299 | 1,633 | 25 | 23 | |||
15,622 | 14,804 | 63 | 52 | ||||
Current liabilities | |||||||
Trade payables | 6,118 | 6,591 | - | - | |||
Provision for demobilisation cost | 54 | 269 | - | - | |||
Provision for restructuring cost | 93 | 226 | - | - | |||
Other payables and accruals | 4,431 | 4,640 | 547 | 509 | |||
Amounts due to subsidiaries | - | - | 9,335 | 9,371 | |||
Loans and borrowings | 12 | 17,620 | 15,636 | - | 6 | ||
Lease and hire purchase liabilities | 414 | 400 | - | - | |||
Provision for taxation | 630 | 500 | - | - | |||
29,360 | 28,262 | 9,882 | 9,886 | ||||
Net current liabilities | (13,738) | (13,458) | (9,820) | (9,834) | |||
Non-current liabilities | |||||||
Loans and borrowings | 12 | 3,636 | 4,096 | - | - | ||
Amount due to non-controlling | |||||||
interests | 1,724 | 1,926 | - | - | |||
Lease and hire purchase liabilities | 1,672 | 1,795 | - | - | |||
Deferred tax liabilities | 1,402 | 1,316 | - | - | |||
Net assets | 31,322 | 31,295 | 22,521 | 22,353 | |||
* | Amount is less than S$1,000. | ||||||
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