Guoco : Overseas Regulatory Announcement - GuocoLand Limited - Unaudited Financial Results for the First Quarter Ended 30 September 2019

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

OVERSEAS REGULATORY ANNOUNCEMENT

(This overseas regulatory announcement is issued pursuant to Rule 13.10(B) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.)

Please refer to the attached announcement on the next page.

As at the date of this announcement, the board of directors of Guoco Group Limited comprises Mr. Kwek Leng Hai as Executive Chairman; Mr. Tang Hong Cheong as President & CEO; Mr. Kwek Leng San as Non-executive Director and Mr. Volker Stoeckel, Mr. Roderic N. A. Sage and Mr. David Michael Norman as Independent Non-executive Directors.

Financial Statements and Related Announcement::First Quarter Results

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FINANCIAL STATEMENTS AND RELATED ANNOUNCEMENT::FIRST QUARTER RESULTS

Issuer & Securities

Issuer/ Manager

GUOCOLAND LIMITED

Securities

GUOCOLAND LIMITED - SG1R95002270 - F17

Stapled Security

No

Announcement Details

Announcement Title

Financial Statements and Related Announcement

Date &Time of Broadcast

24-Oct-2019 20:11:37

Status

New

Announcement Sub Title

First Quarter Results

Announcement Reference

SG191024OTHRRLGP

Submitted By (Co./ Ind. Name)

Mary Goh Swon Ping

Designation

Group Company Secretary

Description (Please provide a detailed description of the event in the box below - Refer to the Online help for the format)

Please refer to the attachment.

Additional Details

For Financial Period Ended

30/09/2019

Attachments

SGX-Sep2019.pdf

Total size =401K MB

https://links.sgx.com/1.0.0/corporate-announcements/6WDMEOYJ4AC6W9WI/b6eac09f72796e7e... 24/10/2019

UNAUDITED FIRST QUARTER FINANCIAL STATEMENT ANNOUNCEMENT FOR THE PERIOD ENDED 30 SEPTEMBER 2019

1(a)	An income statement (for the Group) together with a comparative statement for the
	corresponding period of the immediately preceding financial year.
			Group
			First Quarter Ended	Increase/
			30/09/2019	30/09/2018	(Decrease)
			S$'000	S$'000	%
	Revenue	272,515	168,010	62
	Cost of sales	(183,573)	(117,723)	56
	Gross profit
	88,942	50,287	77
	Other income	7,173	11,750	(39)
	Administrative expenses	(20,716)	(18,274)	13
	Other expenses	(2,273)	(4,522)	(50)
	Finance costs	(25,056)	(19,259)	30
	Share of profit of associates and joint ventures (net of tax)	6,041	13,496	(55)
	Profit before tax
	54,111	33,478	62
	Tax expense	(11,062)	(3,967)	179
	Profit for the period
	43,049	29,511	46
	Profit attributable to:
	Equity holders of the Company	42,098	26,160	61
	Non-controlling interests	951	3,351	(72)
			43,049	29,511	46

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1(a)(i) Breakdown and explanatory notes to the income statement:-
	Group
	First Quarter Ended	Increase/
	30/09/2019	30/09/2018	(Decrease)
	S$'000	S$'000	%
Interest income	4,944	2,789	77
Depreciation of property, plant and equipment	(4,334)	(3,412)	27
Net fair value loss on derivative financial instruments	(1,194)	(21)	N/M
Net foreign exchange (loss)/gain	(515)	6,112	N/M

N/M : Not meaningful.

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1(b)(i) A statements of financial position (for the issuer and Group), together with a comparative statements as at the end of the immediately preceding financial year.

		Group	Company
		As At	As At
		30/09/2019	30/06/2019	30/09/2019	30/06/2019
		S$'000	S$'000	S$'000	S$'000
Non-current assets
Property, plant and equipment	588,610	592,263	-	-
Investment properties	4,896,134	4,877,319	-	-
Subsidiaries	-	-	2,215,767	2,215,738
Associates and joint ventures	548,043	543,969	-	-
Other receivables, including derivatives	2,971	891	-	-
Deferred tax assets	29,214	29,795	-	-
		6,064,972	6,044,237	2,215,767	2,215,738
Current assets
Inventories	3,059,951	2,982,227	-	-
Deposits for land	71,543	-	-	-
Contract assets	28,752	35,113	-	-
Trade and other receivables, including
derivatives	142,780	146,154	29	3
Cash and cash equivalents	802,080	823,718	204	214
		4,105,106	3,987,212	233	217
Total assets	10,170,078	10,031,449	2,216,000	2,215,955
Equity
Share capital	1,926,053	1,926,053	1,926,053	1,926,053
Reserves	1,927,688	1,899,645	258,585	258,598
Equity attributable to ordinary equity
holders of the Company	3,853,741	3,825,698	2,184,638	2,184,651
Perpetual securities	401,588	405,949	-	-
		4,255,329	4,231,647	2,184,638	2,184,651
Non-controlling interests	410,660	410,866	-	-
Total equity
4,665,989	4,642,513	2,184,638	2,184,651
Non-current liabilities
Other payables, including derivatives	643,972	610,771	30,352	30,352
Loans and borrowings	4,264,961	4,204,356	-	-
Deferred tax liabilities	30,064	22,874	-	-
		4,938,997	4,838,001	30,352	30,352
Current liabilities
Trade and other payables, including
derivatives	205,018	204,033	961	903
Contract liabilities	18,227	21,171	-	-
Loans and borrowings	299,873	285,440	-	-
Current tax liabilities	41,974	40,291	49	49
		565,092	550,935	1,010	952
Total liabilities	5,504,089	5,388,936	31,362	31,304
Total equity and liabilities		10,170,078	10,031,449	2,216,000	2,215,955

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