K One Technology : 1st Quarter 2023

K-One Technology Berhad

[Registration No. 200101004001 (539757-K)]

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE FIRST QUARTER ENDED 31 MARCH 2023

K-One Technology Berhad

[Registration No. 200101004001 (539757-K)]

Condensed Consolidated Statements of Comprehensive Income

For The First Quarter Ended 31 March 2023

	3 months ended	3 months ended
Figures in RM'000
	31.3.2023	31.3.2022	31.3.2023	31.3.2022
	Unaudited	Unaudited	Unaudited	Unaudited
Operating revenue	40,947	38,111	40,947	38,111
Cost of sales	(35,783)	(32,665)	(35,783)	(32,665)
Gross profit	5,164	5,446	5,164	5,446
Other income	608	211	608	211
Interest income	165	101	165	101
Operating expense	(6,165)	(4,632)	(6,165)	(4,632)
(Loss)/Profit before tax	(228)	1,126	(228)	1,126
Income tax expense	(197)	(423)	(197)	(423)
(Loss)/Profit for the period	(425)	703	(425)	703
(Loss)/Profit attributable to:
Owners of the Parent	(425)	703	(425)	703
Non-controlling interests	-	-	-	-
	(425)	703	(425)	703
(Loss)/Earnings per share
(LPS)/EPS attributable to
owners of the Parent (sen):
Basic (LPS)/EPS	(0.05)	0.08	(0.05)	0.08
Diluted (LPS)/EPS	(0.05)	0.08	(0.05)	0.08

2

K-One Technology Berhad

[Registration No. 200101004001 (539757-K)]

Condensed Consolidated Statements of Comprehensive Income

For The First Quarter Ended 31 March 2023 (Cont'd)

	3 months ended	3 months ended
Figures in RM'000
	31.3.2023	31.3.2022	31.3.2023	31.3.2022
	Unaudited	Unaudited	Unaudited	Unaudited
(Loss)/Profit for the period	(425)	703	(425)	703
Items that may be subsequently
reclassified to profit:
Foreign currency translation	45	2	45	2

Total comprehensive (loss)/ income

1. 705

1. 705

Total comprehensive (loss)/ income attributable to:

Owners of the Parent	(380)	705	(380)	705
Non-controlling interests	-	-	-	-
	(380)	705	(380)	705

The above condensed consolidated statements of comprehensive income should be read in conjunction with the audited financial statements for the year ended 31 December 2022 and the accompanying explanatory notes attached to the interim financial statements.

3

K-One Technology Berhad

[Registration No. 200101004001 (539757-K)]

Condensed Consolidated Statements of Financial Position

As At 31 March 2023

	Unaudited	Audited
Figures in RM'000	31.3.2023	31.12.2022
ASSETS
Non-Current Assets
Property, plant and equipment	16,269	16,134
Prepaid land lease	818	825
Intangible assets	62	66
Goodwill on consolidation	18,561	18,561
Investment property	4,608	4,632
Deferred tax assets	2,226	2,226
Other investment	115	115
Total Non-Current Assets	42,659	42,559
Current Assets
Inventories	34,306	33,532
Trade receivables	33,621	34,588
Other receivables	3,647	4,056
Contract cost	4,042	3,931
Tax recoverable	1,959	1,589
Short term cash investments	8,089	5,075
Cash and bank balances	36,712	37,376
Total Current Assets	122,376	120,147

TOTAL ASSETS

165,035

162,706

EQUITY AND LIABILITIES
Equity
Share capital	123,644	123,644
Reserves	5	(40)
Retained earnings	(9,420)	(8,995)
Total Equity	114,229	114,609

4

K-One Technology Berhad

[Registration No. 200101004001 (539757-K)]

Condensed Consolidated Statements of Financial Position

As At 31 March 2023 (Cont'd)

	Unaudited	Audited
Figures in RM'000	31.3.2023	31.12.2022
EQUITY AND LIABILITIES (Cont'd)
Non-Current Liabilities
Deferred tax liabilities	567	567
Total Non-Current Liabilities	567	567
Current Liabilities
Trade payables	31,676	29,885
Other payables and accruals	6,816	7,902
Contract liabilities	11,244	9,585
Tax payable	503	158
Total Current Liabilities	50,239	47,530
Total Liabilities	50,806	48,097
TOTAL EQUITY AND LIABILITIES	165,035	162,706
Net assets per share attributable to Owners of the	13.73	13.78
Parent (sen)

The above condensed consolidated statements of financial position should be read in conjunction with the audited financial statements for the year ended 31 December 2022 and the accompanying explanatory notes attached to the interim financial statements.

5