FIRST RESOURCES LIMITED
Company Registration No. 200415931M (Incorporated in the Republic of Singapore)
Condensed Interim Financial Statements
For the six months and full year ended 31 December 2021
First Resources Limited and its Subsidiaries
Table of contents
Page | |
Consolidated Income Statement | 1 |
Consolidated Statement of Comprehensive Income | 2 |
Balance Sheets | 3 |
Statements of Changes in Equity | 5 |
Consolidated Cash Flow Statement | 8 |
Notes to the Condensed Interim Financial Statements | 10 |
Other information required under Appendix 7.2 of the SGX-ST Listing Rules | 30 |
First Resources Limited and its Subsidiaries
Consolidated Income Statement
Sales
Cost of sales
Gross profit
Gain arising from changes in fair value of biological assets
Selling and distribution costs
General and administrative expenses
Other operating income
Profit from operations
Gain/(loss) on foreign exchange
Gain/(loss) on derivative financial instruments
Loss arising from changes in fair value of unquoted investment
Net financial expenses Other non-operating
income/(expenses)
Profit before tax
Tax expense
Profit for the year/period
Profit attributable to:
Owners of the Company Non-controlling interests
n.m. - not meaningful
(Restated) | ||||||
Note | FY 2021 | FY 2020 | Change | 2H 2021 | 2H 2020 | Change |
US$'000 | US$'000 | (%) | US$'000 | US$'000 | (%) | |
5 | 1,032,277 | 660,425 | 56.3% | 619,370 | 382,213 | 62.0% |
(570,708) | (368,027) | 55.1% | (331,116) | (203,898) | 62.4% | |
461,569 | 292,398 | 57.9% | 288,254 | 178,315 | 61.7% | |
15 | 15,959 | 3,870 | 312.4% | 12,870 | 7,741 | 66.3% |
6 | (208,954) | (82,939) | 151.9% | (103,017) | (52,011) | 98.1% |
(31,910) | (26,818) | 19.0% | (18,739) | (14,622) | 28.2% | |
8,323 | 3,495 | 138.1% | 9,572 | 4,711 | 103.2% | |
244,987 | 190,006 | 28.9% | 188,940 | 124,134 | 52.2% | |
266 | (4,599) | n.m. | (6,181) | (5,254) | 17.6% | |
10,622 | (10,806) | n.m. | 5,974 | (10,552) | n.m. | |
- | (1,371) | (100.0%) | - | (1,371) | (100.0%) | |
7 | (13,285) | (16,070) | (17.3%) | (6,061) | (7,494) | (19.1%) |
3,398 | (321) | n.m. | 1,332 | (429) | n.m. | |
245,988 | 156,839 | 56.8% | 184,004 | 99,034 | 85.8% | |
8 | (69,547) | (49,450) | 40.6% | (46,348) | (32,969) | 40.6% |
176,441 | 107,389 | 64.3% | 137,656 | 66,065 | 108.4% | |
161,108 | 99,673 | 61.6% | 128,558 | 60,598 | 112.1% |
15,333 | 7,716 | 98.7% | 9,098 | 5,467 | 66.4% |
176,441 | 107,389 | 64.3% | 137,656 | 66,065 | 108.4% |
.
1
First Resources Limited and its Subsidiaries
Consolidated Statement of Comprehensive Income
Profit for the year/period
Other comprehensive income:
Items that will not be reclassified subsequently to profit or loss Remeasurement
gain/(loss) on defined benefits plan
Items that may be reclassified subsequently to profit or loss
Fair value loss on cash flow hedges
Fair value loss on cash flow hedges transferred to the income statement
Foreign currency translation
Other comprehensive income for the year/period, net of tax
Total comprehensive income for the year/period
Total comprehensive income attributable to:
Owners of the Company Non-controlling interests
(Restated) | |||||
FY 2021 | FY 2020 | Change | 2H 2021 | 2H 2020 | Change |
US$'000 | US$'000 | (%) | US$'000 | US$'000 | (%) |
176,441 | 107,389 | 64.3% | 137,656 | 66,065 | 108.4% |
3,900 | (454) | n.m. | 3,900 | (454) | n.m. |
3,900 | (454) | n.m. | 3,900 | (454) | n.m. |
(52,536) | (55,403) | (5.2%) | (29,612) | (36,451) | (18.8%) |
76,047 | 26,215 | 190.1% | 45,269 | 15,116 | 199.5% |
(16,258) | (14,854) | 9.5% | 28,756 | 24,320 | 18.2% |
7,253 | (44,042) | n.m. | 44,413 | 2,985 | n.m. |
11,153 | (44,496) | n.m. | 48,313 | 2,531 | n.m. |
187,594 | 62,893 | 198.3% | 185,969 | 68,596 | 171.1% |
173,185 | 56,084 | 208.8% | 174,919 | 62,532 | 179.7% |
14,409 | 6,809 | 111.6% | 11,050 | 6,064 | 82.2% |
187,594 | 62,893 | 198.3% | 185,969 | 68,596 | 171.1% |
2
First Resources Limited and its Subsidiaries
Balance Sheets
Group | Company | ||||
Note | 31 Dec 2021 | 31 Dec 2020 | 31 Dec 2021 | 31 Dec 2020 | |
US$'000 | US$'000 | US$'000 | US$'000 | ||
Non-current assets | |||||
Bearer plants | 12 | 518,478 | 559,232 | - | - |
Plasma receivables | 32,863 | 59,047 | - | - | |
Property, plant and equipment | 13 | 415,301 | 433,473 | 1,551 | 2,273 |
Land use rights | 42,474 | 46,763 | - | - | |
Investment in subsidiaries | - | - | 1,036,081 | 876,081 | |
Goodwill | 14 | 82,216 | 83,172 | - | - |
Other intangible assets | 28,986 | 29,216 | - | - | |
Derivative financial assets | 2,127 | - | 2,127 | - | |
Tax recoverable | 68,687 | 77,787 | - | - | |
Deferred tax assets | 42,716 | 44,998 | 3 | - | |
Other non-current assets | 479 | 484 | - | - | |
Total non-current assets | 1,234,327 | 1,334,172 | 1,039,762 | 878,354 | |
Current assets | |||||
Biological assets | 15 | 45,243 | 29,576 | - | - |
Plasma receivables | 8,330 | 543 | - | - | |
Inventories | 100,106 | 102,825 | - | - | |
Trade receivables | 62,247 | 78,038 | - | - | |
Other receivables | 1,985 | 3,089 | 255 | 229 | |
Derivative financial assets | 635 | 4,209 | - | - | |
Advances for purchase of property, | 5,621 | 2,465 | - | - | |
plant and equipment | |||||
Other advances and prepayments | 8,164 | 4,149 | 68 | 82 | |
Prepaid taxes | 25,426 | 31,746 | - | - | |
Restricted cash balances | 16 | 57 | 4,065 | 9 | 9 |
Cash and cash equivalents | 16 | 381,461 | 191,040 | 9,061 | 18,649 |
Total current assets | 639,275 | 451,745 | 9,393 | 18,969 | |
Total assets | 1,873,602 | 1,785,917 | 1,049,155 | 897,323 | |
3
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