Financial Statements and Related Announcement::Full Yearly Results

LION ASIAPAC LIMITED

(Registration No: 196800586R)

Unaudited Condensed Interim Financial Statements

For the fourth quarter and full year ended 30 June 2021

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LION ASIAPAC LIMITED

Unaudited Condensed Interim Financial Statements

For the fourth quarter and full year ended 30 June 2021

Table of Contents

1. Condensed interim consolidated statement of comprehensive statement of profit or loss

and other comprehensive income.......................................................................................................	1
B.	Condensed interim statements of financial position ................................................................	3
C.	Condensed interim statements of changes in equity ...............................................................	4
D.	Condensed interim consolidated statements of cash flows ....................................................	6
E.	Notes to the condensed interim consolidated financial statements .......................................	7
F.	Other information required by Listing Rule Appendix 7.2......................................................	18
1. Review of the performance of the group ..............................................................................	18

2. Where a forecast, or a prospectus statement, has been previously disclosed to

shareholders, any variances between it and the actual results .................................................

18

3. A commentary at the date of the announcement of the significant trends and competitive conditions of the industry in which the Group operates and any known factors or events that

may affect the Group in the next operating period and the next 12 months ............................	19
4.	Dividend ...................................................................................................................................	19
5.	If no dividend has been declared/recommended, a statement to that effect....................	19
6.	Interested person transactions..............................................................................................	20
7.	Use of proceeds ......................................................................................................................	20
8.	Confirmation by Directors Pursuant to Rule 705(5) of the SGX Listing Manual ..............	20
9.	Confirmation pursuant to rule 720(1) of the Listing Manual...............................................	21

LION ASIAPAC LIMITED

Unaudited Condensed Interim Financial Statements

For the fourth quarter and full year ended 30 June 2021

1. Condensed interim consolidated statement of profit or loss and other comprehensive income

			The Group
		Fourth Quarter Ended	Full Year Ended
	Note
	30.6.2021	30.6.2020	+/-	30.6.2021	30.6.2020	+/-
		S$'000	S$'000	%	S$'000	S$'000	%
Revenue	7	6,222	3,488	78	19,326	16,826	15
Other income	8	294	376	(22)	1,271	1,326	(4)
Other gains(losses) - net	9	275	(281)	n.m	1,075	1,087	(1)
Expenses:
Purchases of inventories		(4,713)	(1,900)	148	(12,478)	(10,082)	24
Depreciation		(235)	(208)	13	(918)	(854)	7
Employee compensation		(600)	(477)	26	(2,160)	(2,129)	1
Finance costs		(26)	(31)	(16)	(103)	(103)	-
Other expenses	10	(1,214)	(1,360)	(11)	(5,074)	(5,340)	(5)
Changes in inventories		128	(164)	n.m	137	(51)	n.m
Total expenses		(6,660)	(4,140)	61	(20,596)	(18,559)	11
Profit/(loss) before income tax		131	(557)	n.m	1,076	680	58
Income tax expense	11	(35)	(50)	(30)	(139)	(139)	-
				n.m			73
Total profit/(loss)		96	(607)	937	541
Profit/(loss) attributable to:
Equity holders of the Company		96	(607)	n.m	937	541	73
				n.m			73
		96	(607)	937	541

n.m - denotes not meaningful

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LION ASIAPAC LIMITED

Unaudited Condensed Interim Financial Statements

For the fourth quarter and full year ended 30 June 2021

1. Condensed interim consolidated statement of profit or loss and other comprehensive income (Cont'd)

			The Group
		Fourth Quarter Ended	Full Year Ended
	Note
	30.6.2021	30.6.2020	+/-	30.6.2021	30.6.2020	+/-
		S$'000	S$'000	%	S$'000	S$'000	%
Other comprehensive income:
Items that may be reclassified
to profit or loss:
Currency translation differences		404	--	n.m	1,391	(49)	n.m
arising from consolidation
Items that will not be
reclassified to profit or loss:
Fair value changes on equity
instruments at fair value through	15	2,265	--	n.m	2,265	--	n.m
other comprehensive income
Other comprehensive		2,669	--	n.m	3,656	(49)	n.m
income/(loss), net of tax
Total comprehensive		2,765	(607)	n.m	4,593	492	834
income/(loss)
Total comprehensive income/(loss)
attributable to:
Equity holders of the Company		2,765	(607)	n.m	4,593	492	834
		2,765	(607)	n.m	4,593	492	834
Earnings/(losses) per share
Basic and diluted earnings/(losses)	12
per share (cents)	0.12	(0.75)		1.16	0.67

n.m - denotes not meaningful

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LION ASIAPAC LIMITED

Unaudited Condensed Interim Financial Statements

For the fourth quarter and full year ended 30 June 2021

1. Condensed interim statements of financial position

		The Group	The Company
	Note	30.6.2021	30.6.2020	30.6.2021	30.6.2020
		S$'000	S$'000	S$'000	S$'000
ASSETS
Current assets
Cash and cash equivalents	17	64,206	65,052	10,044	10,318
Trade and other receivables	16	6,212	4,588	23	81
Inventories		4,702	3,326	--	--
Other non-financial assets		356	352	1	3
		75,476	73,318	10,068	10,402
Non-current assets
Financial assets at fair value through	15	2,265	--	--	--
other comprehensive income
Investments in subsidiaries		--	--	63,497	61,115
Property, plant and equipment	14	2,393	2,289	--	--
Rights-of-use assets		1,277	1,222	--	--
		5,935	3,511	63,497	61,115
Total assets		81,411	76,829	73,565	71,517
LIABILITIES
Current liabilities
Trade and other payables		2,267	2,372	1,246	1,252
Income tax payables		73	68	--	--
Lease liabilities		169	71	--	--
Provision		413	415	--	--
		2,922	2,926	1,246	1,252
Non-current liabilities
Deferred tax liabilities		224	224	224	224
Lease liabilities		1,181	1,188	--	--
		1,405	1,412	224	224
Total liabilities		4,327	4,338	1,470	1,476
NET ASSETS		77,084	72,491	72,095	70,041
EQUITY
Capital and reserves attributable to
equity holders of the Company
Share capital	18	47,494	47,494	47,494	47,494
Other reserves		(4,464)	(8,120)	--	--
Retained earnings		34,054	33,117	24,601	22,547
Total equity		77,084	72,491	72,095	70,041

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