Financial Statements and Related Announcement::First Quarter Results

Company Registration No. 199804461D

Hai Leck Holdings Limited And Subsidiary Companies

Condensed Interim Financial Statements

For the First Quarter ended 30 September 2021

Hai Leck Holdings Limited and Subsidiary Companies

Condensed interim consolidated income statement

			Group
		3 months	3 months
		ended	ended
		30 September 30 September
	Note	2021	2020	Change
		$'000	$'000	%
Revenue	4	16,589	30,795	(46.1)
Cost of sales		(7,102)	(19,967)	(64.4)
Gross profit		9,487	10,828	(12.4)
Other income	5	2,732	3,149	(13.2)
Distribution and selling expenses		(65)	(71)	(8.5)
Administrative expenses		(7,396)	(7,844)	(5.7)
Other expenses		(1,731)	(1,529)	13.2
Interest expense		(54)	(61)	(11.5)
Share of results of joint venture		(370)	336	n.m.
Profit before taxation
6	2,603	4,808	(45.9)
Taxation	7	(544)	(948)	(42.6)
Profit for the year
	2,059	3,860	(46.7)
Attributable to:
Equity holders of the Company		2,059	3,860	(46.7)
Earnings per share
Basic (cents)	8	0.9	1.7(1)
Fully diluted (cents)	8	0.9	1.7(1)

n.m. denotes not meaningful.

1. Restated for the effect of bonus issue undertaken in June 2021.

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Hai Leck Holdings Limited and Subsidiary Companies

Condensed interim consolidated statement of comprehensive income

		Group
		3 months	3 months
		ended	ended
		30 September 30 September
		2021	2020
		$'000	$'000
Profit net of tax	2,059	3,860
Other comprehensive income, net of tax:
Items that may be reclassified to profit and loss
Foreign currency translation	2	23
Total comprehensive income for the year
2,061	3,883
Total comprehensive income attributable to:
2,061	3,883
Equity holders of the Company

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Hai Leck Holdings Limited and Subsidiary Companies

Condensed interim balance sheets

		Group	Company
		30	30	30	30
	Note	September	June	September	June
	2021	2021	2021	2021
		$'000	$'000	$'000	$'000
Non-current assets
Property, plant and equipment	9	35,903	36,761	136	150
Right-of-use assets		6,119	6,346	-	-
Investments in subsidiary
companies	15	-	-	39,350	37,350
Investment in joint venture	16	7,502	7,868	-	-
Intangible assets		434	528	-	-
Other receivables and deposits		141	141	-	-
Deferred tax assets		174	174	-	-
		50,273	51,818	39,486	37,500
Current assets
Inventories		1,597	1,610	-	-
Trade receivables		19,337	16,143	-	-
Other receivables and deposits		1,050	511	12	9,019
Prepayments		1,040	997	93	136
Customer retention monies		2,772	1,712	-	-
Amount due from a subsidiary
company (trade)		-	-	961	809
Contract assets		1,326	3,016	-	-
Fixed deposits pledged		1,136	1,134	-	-
Cash and cash equivalents		91,340	88,966	55,270	48,120
		119,598	114,089	56,336	58,084

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Hai Leck Holdings Limited and Subsidiary Companies

Condensed interim balance sheets

		Group		Company
		30	30	30	30
	Note	September	June	September	June
	2021	2021	2021	2021
		$'000	$'000	$'000	$'000
Current liabilities
Trade and other payables		17,622	18,001	1,224	1,048
Amounts due to subsidiary
companies (trade)		-	-	30	14
Amount due to a subsidiary
company (non-trade)		-	-	15,506	15,506
Contract liabilities		4,876	2,970	-	-
Provisions, current		1,866	1,866	-	-
Lease liabilities, current		1,129	1,006	-	-
Income tax payable		2,949	2,407	83	72
		28,442	26,250	16,843	16,640
Net current assets
	91,156	87,839	39,493	41,444
Non-current liabilities
Provisions, non-current		2,334	2,334	-	-
Lease liabilities, non-current		5,518	5,807	-	-
Deferred tax liabilities		547	547	3	3
		8,399	8,688	3	3
Net assets
	133,030	130,969	78,976	78,941
Equity attributable to equity
holders of the Company
Share capital	10(a)	65,403	65,403	65,403	65,403
Treasury shares	10(b)	(160)	(160)	(160)	(160)
Accumulated profits		67,715	65,656	13,733	13,698
Foreign currency translation
reserve		72	70	-	-
Total equity
	133,030	130,969	78,976	78,941

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