Financial Statements and Related Announcement::First Quarter Results

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

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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

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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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