5/26/23, 5:33 PM | Financial Statements and Related Announcement::Full Yearly Results |
FINANCIAL STATEMENTS AND RELATED ANNOUNCEMENT::FULL YEARLY RESULTS
Issuer & Securities
Issuer/ Manager
CSC HOLDINGS LIMITED
Securities
CSC HOLDINGS LTD - SG1F84861094 - C06
Stapled Security
No
Announcement Details
Announcement Title
Financial Statements and Related Announcement
Date &Time of Broadcast
26-May-2023 17:32:33
Status
New
Announcement Sub Title
Full Yearly Results
Announcement Reference
SG230526OTHRAMOD
Submitted By (Co./ Ind. Name)
See Yen Tarn
Designation
Executive Director & Group Chief Executive Offcer
Description (Please provide a detailed description of the event in the box below - Refer to the Online help for the format)
Financial Statements Announcement for the 6 months and 12 months ended 31 March 2023.
Additional Details
For Financial Period Ended
31/03/2023
Attachments
2HFY23.pdf
Total size =1221K MB
CSC HOLDINGS LIMITED
(Company Registration Number: 199707845E)
Condensed Interim Financial Statements
For the 6 Months and 12 Months Ended
31 March 2023
Table of Contents | ||
Page | ||
CONDENSED INTERIM CONSOLIDATED STATEMENT OF PROFIT OR LOSS | 3 | |
CONDENSED INTERIM CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME | 4 | |
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION | 5 | |
CONDENSED INTERIM STATEMENTS OF CHANGES IN EQUITY | 7 | |
CONDENSED INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS | 10 | |
NOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS | 12 | |
1. | CORPORATE INFORMATION | 12 |
2. | BASIS OF PREPARATION | 12 |
3. | SEASONAL OPERATIONS | 15 |
4. | REVENUE AND SEGMENT INFORMATION | 16 |
5. | (LOSS)/PROFIT BEFORE TAX | 20 |
6. | TAX (CREDIT)/EXPENSE | 21 |
7. | (LOSS)/EARNINGS PER SHARE | 21 |
8. | PROPERTY, PLANT AND EQUIPMENT | 22 |
9. | RIGHT-OF-USEASSETS AND LEASE LIABILITIES | 22 |
10. | INVESTMENT PROPERTY | 23 |
11. | INVESTMENT IN ASSOCIATES | 23 |
12. | INVENTORIES | 23 |
13. | SHARE CAPITAL | 24 |
14. | LOANS AND BORROWINGS | 24 |
15. | DIVIDENDS | 25 |
16. | NET ASSET VALUE | 25 |
17. | COMMITMENTS | 26 |
18. | RELATED PARTIES | 26 |
19. | ACQUISITION OF NON-CONTROLLINGINTERESTS OF A SUBSIDIARY | 27 |
20. | FAIR VALUE OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES | 28 |
OTHER INFORMATION REQUIRED BY LISTING RULE APPENDIX 7.2 | 31 | |
1. | REVIEW OF THE PERFORMANCE OF THE GROUP | 31 |
2. | OUTLOOK | 38 |
3. | INTERESTED PERSON TRANSACTIONS | 39 |
4. | AUDIT / REVIEW | 39 |
5. | VARIANCE FROM PROSPECT STATEMENT | 39 |
6. | DIVIDEND | 39 |
7. | BREAKDOWN OF SALES | 40 |
8. | CONFIRMATION | 40 |
Page 2
Condensed Interim Consolidated Statement of Profit or Loss
For the 6 Months and 12 Months ended 31 March 2023
Group | Group | |||||||||
Note | 6 months ended | Change | 12 months ended | Change | ||||||
31-Mar-23 | 31-Mar-22 | 31-Mar-23 | 31-Mar-22 | |||||||
Restated * | Restated * | |||||||||
$'000 | $'000 | % | $'000 | $'000 | % | |||||
Revenue | 4a | 146,586 | 145,651 | 0.6 | 264,599 | 268,740 | (1.5) | |||
Cost of sales | 5a | (139,768) | (132,009) | 5.9 | (258,304) | (241,024) | 7.2 | |||
Gross profit | 6,818 | 13,642 | (50.0) | 6,295 | 27,716 | (77.3) | ||||
Other income | 5b | 694 | 1,261 | (45.0) | 1,741 | 1,746 | (0.3) | |||
Operating expenses | ||||||||||
- Distribution expenses | (500) | (524) | (4.6) | (1,109) | (1,213) | (8.6) | ||||
- Administrative expenses | 5c | (14,428) | (12,522) | 15.2 | (29,172) | (24,126) | 20.9 | |||
- Other operating (expenses)/income | 5d | (509) | 62 | N.M. | (494) | (1,524) | (67.6) | |||
(15,437) | (12,984) | 18.9 | (30,775) | (26,863) | 14.6 | |||||
Results from operating activities | (7,925) | 1,919 | N.M. | (22,739) | 2,599 | N.M. | ||||
Net finance expenses | ||||||||||
- Finance income | 639 | 692 | (7.7) | 1,114 | 1,888 | (41.0) | ||||
- Finance expenses | (3,106) | (1,685) | 84.3 | (5,679) | (3,149) | 80.3 | ||||
(2,467) | (993) | >100.0 | (4,565) | (1,261) | >100.0 | |||||
Share of (loss)/profit of associates | ||||||||||
(net of tax) | (242) | 5,151 | N.M. | (84) | 5,122 | N.M. | ||||
(Loss)/Profit before tax | (10,634) | 6,077 | N.M. | (27,388) | 6,460 | N.M. | ||||
Tax credit/(expense) | 6 | 393 | (273) | N.M. | 284 | (616) | N.M. | |||
(Loss)/Profit for the period/year | (10,241) | 5,804 | N.M. | (27,104) | 5,844 | N.M. | ||||
Attributable to: | (9,960) | 5,967 | N.M. | (26,681) | 5,859 | N.M. | ||||
Owners of the Company | ||||||||||
Non-controlling interests | (281) | (163) | 72.4 | (423) | (15) | >100.0 | ||||
(Loss)/Profit for the period/year | (10,241) | 5,804 | N.M. | (27,104) | 5,844 | N.M. | ||||
* See note 2.1(a) | ||||||||||
Gross proift margin | 4.7% | 9.4% | 2.4% | 10.3% | ||||||
Net (loss)/profit margin | -7.0% | 4.0% | -10.2% | 2.2% |
Page 3
Condensed Interim Consolidated Statement of Comprehensive Income
For the 6 Months and 12 Months ended 31 March 2023
Group | Group | ||||||||
6 months ended | Change | 12 months ended | Change | ||||||
31-Mar-23 | 31-Mar-22 | 31-Mar-23 | 31-Mar-22 | ||||||
Restated * | Restated * | ||||||||
$'000 | $'000 | % | $'000 | $'000 | % | ||||
(Loss)/Profit for the period/year | (10,241) | 5,804 | N.M. | (27,104) | 5,844 | N.M. | |||
Other comprehensive income | |||||||||
Item that will not be reclassified to profit | |||||||||
or loss: | |||||||||
Revaluation surplus of property, plant | |||||||||
and equipment | 955 | 1,492 | (36.0) | 955 | 1,992 | (52.1) | |||
Change in fair value of other investments | - | (161) | N.M. | - | (161) | N.M. | |||
Item that are or may be reclassified | |||||||||
subsequently to profit or loss: | |||||||||
Foreign currency translation differences | |||||||||
- foreign operations | 108 | 95 | 13.7 | 24 | (491) | N.M. | |||
Other comprehensive income for the | |||||||||
period/year, net of tax | 1,063 | 1,426 | (25.5) | 979 | 1,340 | (26.9) | |||
Total comprehensive (expense)/income | |||||||||
for the period/year | (9,178) | 7,230 | N.M. | (26,125) | 7,184 | N.M. | |||
Attributable to: | (9,170) | 7,285 | N.M. | (25,875) | 6,579 | N.M. | |||
Owners of the Company | |||||||||
Non-controlling interests | (8) | (55) | (85.5) | (250) | 605 | N.M. | |||
Total comprehensive (expense)/income | |||||||||
for the period/year | (9,178) | 7,230 | N.M. | (26,125) | 7,184 | N.M. | |||
* See note 2.1(a)
Page 4
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Disclaimer
CSC Holdings Ltd. published this content on 26 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 May 2023 18:20:13 UTC.