ORIENTAL HOLDINGS BERHAD
(Registration No. 196301000446 (5286-U))
(Incorporated in Malaysia)
FINANCIAL REPORT
31 MARCH 2022
ORIENTAL HOLDINGS BERHAD
(Registration No. 196301000446 (5286-U))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
31 MARCH 2022
Page No. | |
Condensed Consolidated Statement of Financial Position | 1 |
Condensed Consolidated Statement of Comprehensive Income | 2 - 3 |
Condensed Consolidated Statement of Changes in Equity | 4 |
Condensed Consolidated Statement of Cash Flows | 5 - 6 |
Notes to the Interim Financial Report | 7 - 20 |
ORIENTAL HOLDINGS BERHAD
(Registration No. 196301000446 (5286-U))
(Incorporated in Malaysia)
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2022
As at End of | As at Preceding | |||
Current Quarter | Financial Year End | |||
31 Mar 2022 | 31 Dec 2021 | |||
RM'000 | RM'000 | Changes | ||
(Unaudited) | (Audited) | % | ||
Assets | ||||
Property, plant and equipment | 1,927,759 | 1,919,410 | 0.4 | |
Right-of-use assets | 326,264 | 328,170 | -0.6 | |
Investment properties | 1,108,691 | 1,095,528 | 1.2 | |
Intangible assets | 23,020 | 23,059 | -0.2 | |
Investments in associates | 638,984 | 624,502 | 2.3 | |
Other investments | 671,553 | 679,934 | -1.2 | |
Deferred tax assets | 58,335 | 57,451 | 1.5 | |
Inventories | 35,887 | 35,941 | -0.2 | |
Other receivables | 31,156 | 31,141 | 0.0 | |
Total non-current assets | 4,821,649 | 4,795,136 | 0.6 | |
Inventories | 268,585 | 239,028 | 12.4 | |
Biological assets | 15,662 | 15,615 | 0.3 | |
Trade and other receivables | 399,208 | 357,770 | 11.6 | |
Current tax assets | 13,127 | 13,982 | -6.1 | |
Other investments | 1,806,240 | 1,426,929 | 26.6 | |
Cash and cash equivalents | 3,299,750 | 3,526,066 | -6.4 | |
Assets classified as held for sale | - | 16,018 | -100.0 | |
Deferred tax assets | - | 58,655 | -100.0 | |
Total current assets | 5,802,572 | 5,654,063 | 2.6 | |
Total assets | 10,624,221 | 10,449,199 | 1.7 | |
Equity | ||||
Share capital | 620,462 | 620,462 | 0.0 | |
Reserves | 1,334,188 | 1,275,796 | 4.6 | |
Retained earnings | 5,025,286 | 4,881,515 | 2.9 | |
Treasury stocks | (249) | (249) | 0.0 | |
Total equity attributable to stockholders of the Company | 6,979,687 | 6,777,524 | 3.0 | |
Non-controlling interests | 1,062,297 | 980,160 | 8.4 | |
Total Equity | 8,041,984 | 7,757,684 | 3.7 | |
Liabilities | ||||
Borrowings | 149,162 | 147,829 | 0.9 | |
Lease liabilities | 21,549 | 22,250 | -3.2 | |
Contract liabilities | 72,546 | 47,816 | 51.7 | |
Retirement benefits | 25,816 | 26,235 | -1.6 | |
Deferred tax liabilities | 46,864 | 41,516 | 12.9 | |
Total non-current liabilities | 315,937 | 285,646 | 10.6 | |
Borrowings | 1,804,720 | 1,866,950 | -3.3 | |
Lease liabilities | 4,644 | 6,031 | -23.0 | |
Current tax liabilities | 137,701 | 116,009 | 18.7 | |
Trade and other payables | 316,876 | 327,572 | -3.3 | |
Contract liabilities | 2,359 | 27,271 | -91.3 | |
Dividends payable | - | 62,036 | -100.0 | |
Total current liabilities | 2,266,300 | 2,405,869 | -5.8 | |
Total liabilities | 2,582,237 | 2,691,515 | -4.1 | |
Total equity and liabilities | 10,624,221 | 10,449,199 | 1.7 | |
Net assets per stock (sen) | 1125.04 | 1092.46 | 3.0 |
The selected explanatory notes form an integral part of, and, should be read in conjunction with, this interim financial report.
1
ORIENTAL HOLDINGS BERHAD
(Registration No. 196301000446 (5286-U))
(Incorporated in Malaysia)
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 31 MARCH 2022 | ||||||||||
Individual Quarter | Cumulative Quarters | |||||||||
Current | Preceding | Current Year | Preceding Year | |||||||
Year | Year | To Date | To Date | |||||||
Quarter | Quarter | (One quarter | (One quarter | |||||||
31 Mar 2022 | 31 Mar 2021 | to 31 Mar 2022) | to 31 March 2021) | |||||||
RM'000 | RM'000 | Changes | RM'000 | RM'000 | Changes | |||||
(Unaudited) | (Unaudited) | % | (Unaudited) | (Unaudited) | % | |||||
Revenue | 939,961 | 890,296 | 5.6 | 939,961 | 890,296 | 5.6 | ||||
Results from operating activities | 425,959 | 207,860 | 104.9 | 425,959 | 207,860 | 104.9 | ||||
Finance costs | (3,012) | (2,977) | (1.2) | (3,012) | (2,977) | (1.2) | ||||
Share of profits after tax of equity accounted associates | 18,016 | 23,082 | (21.9) | 18,016 | 23,082 | (21.9) | ||||
Profit before taxation | 440,963 | 227,965 | 93.4 | 440,963 | 227,965 | 93.4 | ||||
Tax expense | (94,225) | (35,398) | (166.2) | (94,225) | (35,398) | (166.2) | ||||
Profit from continuing operations | 346,738 | 192,567 | 80.1 | 346,738 | 192,567 | 80.1 | ||||
Other comprehensive income, net of tax | ||||||||||
Foreign currency translation differences for foreign operations : | ||||||||||
- gain during the period | 47,610 | 48,501 | (1.8) | 47,610 | 48,501 | (1.8) | ||||
Fair value gain of equity instruments designated at fair value | 14,024 | 10,495 | 33.6 | 14,024 | 10,495 | 33.6 | ||||
through other comprehensive income | ||||||||||
Share of other comprehensive income of equity accounted | - | 200 | (100.0) | - | 200 | (100.0) | ||||
associates | ||||||||||
Other comprehensive income for the period, net of tax | ||||||||||
61,634 | 59,196 | 4.1 | 61,634 | 59,196 | 4.1 | |||||
Total comprehensive income for the period | ||||||||||
408,372 | 251,763 | 62.2 | 408,372 | 251,763 | 62.2 | |||||
Profit attributable to: | ||||||||||
Stockholders of the Company | 267,843 | 122,047 | 119.5 | 267,843 | 122,047 | 119.5 | ||||
Non-controlling interests | 78,895 | 70,520 | 11.9 | 78,895 | 70,520 | 11.9 | ||||
Profit for the period | 346,738 | 192,567 | 80.1 | 346,738 | 192,567 | 80.1 | ||||
Total comprehensive income attributable to: | ||||||||||
Stockholders of the Company | 326,235 | 178,379 | 82.9 | 326,235 | 178,379 | 82.9 | ||||
Non-controlling interests | 82,137 | 73,384 | 11.9 | 82,137 | 73,384 | 11.9 | ||||
Total comprehensive income for the period | 408,372 | 251,763 | 62.2 | 408,372 | 251,763 | 62.2 | ||||
Weighted average number of stocks in issue ('000) | 620,362 | 620,362 | 620,362 | 620,362 | ||||||
Basic earnings per stock (sen) | ||||||||||
(based on the weighted average number of stocks) | 43.18 | 19.67 | 119.5 | 43.18 | 19.67 | 119.5 | ||||
The selected explanatory notes form an integral part of, and, should be read in conjunction with, this interim financial report.
2
ORIENTAL HOLDINGS BERHAD
(Registration No. 196301000446 (5286-U))
(Incorporated in Malaysia)
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 31 MARCH 2022
Individual Quarter | Cumulative Quarters | ||
Current | Preceding | Current Year | Preceding Year |
Year | Year | To Date | To Date |
Quarter | Quarter | (One quarter | (One quarter |
31 Mar 2022 | 31 Mar 2021 | to 31 Mar 2022) to 31 March 2021) | |
RM'000 | RM'000 | RM'000 | RM'000 |
(Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
Included in the Total Comprehensive Expense/Income for the period are the followings :
Interest income | (12,856) | (13,386) | (12,856) | (13,386) |
Other income including investment income | (612) | (971) | (612) | (971) |
Interest expense | 3,012 | 2,977 | 3,012 | 2,977 |
Depreciation and amortisation | 39,278 | 38,293 | 39,278 | 38,293 |
Bad debts recovered | - | (62) | - | (62) |
Write down/ (Reversal of write down) of inventories | 189 | (131) | 189 | (131) |
Property, plant and equipment write off | 84 | 49 | 84 | 49 |
Loss on disposal of investments | 120 | 401 | 120 | 401 |
Gain on disposal of property, plant and equipment | (211,162) | (1,364) | (211,162) | (1,364) |
(Reversal)/ Provision of impairment loss on assets | (139) | 300 | (139) | 300 |
Unrealised foreign exchange gain | (90,960) | (77,856) | (90,960) | (77,856) |
Realised foreign exchange loss/ (gain) | 445 | (5,133) | 445 | (5,133) |
The selected explanatory notes form an integral part of, and, should be read in conjunction with, this interim financial report.
3
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