ORIENTAL HOLDINGS BERHAD
(Registration No. 196301000446 (5286-U))
(Incorporated in Malaysia)
FINANCIAL REPORT
31 MARCH 2023
ORIENTAL HOLDINGS BERHAD
(Registration No. 196301000446 (5286-U))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
31 MARCH 2023
Page No. | |
Condensed Consolidated Statement of Financial Position | 1 |
Condensed Consolidated Statement of Comprehensive Income | 2 - 3 |
Condensed Consolidated Statement of Changes in Equity | 4 |
Condensed Consolidated Statement of Cash Flows | 5 - 6 |
Notes to the Interim Financial Report | 7 - 21 |
ORIENTAL HOLDINGS BERHAD
(Registration No. 196301000446 (5286-U))
(Incorporated in Malaysia)
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023
As at End of | As at Preceding | |||
Current Quarter | Financial Year End | |||
31 Mar 2023 | 31 Dec 2022 | |||
RM'000 | RM'000 | Changes | ||
(Unaudited) | (Audited) | % | ||
Assets | ||||
Property, plant and equipment | 1,928,116 | 1,866,845 | 3.3 | |
Right-of-use assets | 350,378 | 342,952 | 2.2 | |
Investment properties | 1,069,218 | 1,073,793 | -0.4 | |
Intangible assets | 21,879 | 23,254 | -5.9 | |
Investments in associates | 653,965 | 631,616 | 3.5 | |
Other investments | 387,080 | 396,084 | -2.3 | |
Deferred tax assets | 53,085 | 53,558 | -0.9 | |
Inventories | 35,891 | 35,889 | 0.0 | |
Other receivables | 28,458 | 33,768 | -15.7 | |
Total non-current assets | 4,528,070 | 4,457,759 | 1.6 | |
Inventories | 325,541 | 288,888 | 12.7 | |
Biological assets | 12,614 | 12,125 | 4.0 | |
Trade and other receivables | 473,308 | 431,896 | 9.6 | |
Current tax assets | 16,147 | 12,781 | 26.3 | |
Other investments | 1,830,185 | 2,069,327 | -11.6 | |
Cash and cash equivalents | 3,341,773 | 3,100,642 | 7.8 | |
Assets classified as held for sale | 29,268 | 29,572 | -1.0 | |
Total current assets | 6,028,836 | 5,945,231 | 1.4 | |
Total assets | 10,556,906 | 10,402,990 | 1.5 | |
Equity | ||||
Share capital | 620,462 | 620,462 | 0.0 | |
Reserves | 1,337,834 | 1,274,822 | 4.9 | |
Retained earnings | 5,156,541 | 5,062,305 | 1.9 | |
Treasury stocks | (249) | (249) | 0.0 | |
Total equity attributable to stockholders of the Company | 7,114,588 | 6,957,340 | 2.3 | |
Non-controlling interests | 1,107,190 | 1,050,197 | 5.4 | |
Total Equity | 8,221,778 | 8,007,537 | 2.7 | |
Liabilities | ||||
Borrowings | 218,644 | 176,119 | 24.1 | |
Lease liabilities | 22,290 | 22,743 | -2.0 | |
Contract liabilities | 64,447 | 48,202 | 33.7 | |
Retirement benefits | 25,248 | 23,790 | 6.1 | |
Deferred tax liabilities | 56,707 | 57,226 | -0.9 | |
Total non-current liabilities | 387,336 | 328,080 | 18.1 | |
Borrowings | 1,568,802 | 1,678,796 | -6.6 | |
Lease liabilities | 3,740 | 4,624 | -19.1 | |
Current tax liabilities | 30,547 | 30,969 | -1.4 | |
Trade and other payables | 342,627 | 334,138 | 2.5 | |
Contract liabilities | 2,076 | 18,846 | -89.0 | |
Total current liabilities | 1,947,792 | 2,067,373 | -5.8 | |
Total liabilities | 2,335,128 | 2,395,453 | -2.5 | |
Total equity and liabilities | 10,556,906 | 10,402,990 | 1.5 | |
Net assets per stock (sen) | 1146.79 | 1121.44 | 2.3 |
The selected explanatory notes form an integral part of, and, should be read in conjunction with, this interim financial report.
1
ORIENTAL HOLDINGS BERHAD
(Registration No. 196301000446 (5286-U))
(Incorporated in Malaysia)
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE PERIOD ENDED 31 MARCH 2023
Individual Quarter | Cumulative Quarters | ||||
Current | Preceding | Current Year | Preceding Year | ||
Year | Year | To Date | To Date | ||
Quarter | Quarter | (One quarter | (One quarter | ||
31 Mar 2023 | 31 Mar 2022 | to 31 Mar 2023) | to 31 Mar 2022) | ||
RM'000 | RM'000 | Changes | RM'000 | RM'000 | Changes |
(Unaudited) | (Unaudited) | % | (Unaudited) | (Unaudited) | % |
Revenue
Results from operating activities
Finance costs
Share of profits after tax of equity accounted associates
Profit before taxation
Tax expense
Profit from continuing operations
Other comprehensive income, net of tax
Foreign currency translation differences for foreign operations :
- gain during the period
-reclassification to profit or loss on liquidation of a subsidiary
Fair value gain of equity instruments designated at fair value through other comprehensive income
Other comprehensive income for the period, net of tax
Total comprehensive income for the period
Profit attributable to:
964,409
144,366
(10,093)
18,402
152,675
(21,206)
131,469
84,499
2,409
1,374
88,282
219,751
939,961
425,959
(3,012)
18,016
440,963
(94,225)
346,738
47,610
-
14,024
61,634
408,372
2.6
(66.1)
235.1
2.1
(65.4)
(77.5)
(62.1)
77.5
100.0
(90.2)
43.2
(46.2)
964,409
144,366
(10,093)
18,402
152,675
(21,206)
131,469
84,499
2,409
1,374
88,282
219,751
939,961
425,959
(3,012)
18,016
440,963
(94,225)
346,738
47,610
-
14,024
61,634
408,372
2.6
(66.1)
235.1
2.1
(65.4)
(77.5)
(62.1)
77.5
100.0
(90.2)
43.2
(46.2)
Stockholders of the Company | 94,236 | 267,843 | (64.8) | 94,236 | 267,843 | (64.8) | ||
Non-controlling interests | 37,233 | 78,895 | (52.8) | 37,233 | 78,895 | (52.8) | ||
Profit for the period | 131,469 | 346,738 | (62.1) | 131,469 | 346,738 | (62.1) | ||
Total comprehensive income attributable to: | ||||||||
Stockholders of the Company | 157,248 | 326,235 | (51.8) | 157,248 | 326,235 | (51.8) | ||
Non-controlling interests | 62,503 | 82,137 | (23.9) | 62,503 | 82,137 | (23.9) | ||
Total comprehensive income for the period | 219,751 | 408,372 | (46.2) | 219,751 | 408,372 | (46.2) | ||
Weighted average number of stocks in issue ('000) | 620,362 | 620,362 | 620,362 | 620,362 | ||||
Basic earnings per stock (sen) | ||||||||
(based on the weighted average number of stocks) | 15.19 | 43.18 | (64.8) | 15.19 | 43.18 | (64.8) | ||
The selected explanatory notes form an integral part of, and, should be read in conjunction with, this interim financial report.
2
ORIENTAL HOLDINGS BERHAD
(Registration No. 196301000446 (5286-U))
(Incorporated in Malaysia)
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 31 MARCH 2023
Individual Quarter | Cumulative Quarters | ||
Current | Preceding | Current Year | Preceding Year |
Year | Year | To Date | To Date |
Quarter | Quarter | (One quarter | (One quarter |
31 Mar 2023 | 31 Mar 2022 | to 31 Mar 2023) | to 31 Mar 2022) |
RM'000 | RM'000 | RM'000 | RM'000 |
(Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
Included in the Total Comprehensive Income for the period are the followings :
Interest income | (35,484) | (12,856) | (35,484) | (12,856) |
Other income including investment income | (695) | (612) | (695) | (612) |
Interest expense | 10,093 | 3,012 | 10,093 | 3,012 |
Depreciation and amortisation | 37,830 | 39,278 | 37,830 | 39,278 |
Bad debts written off | 15 | - | 15 | - |
Write down of inventories | 511 | 189 | 511 | 189 |
Property, plant and equipment write off | 2,310 | 84 | 2,310 | 84 |
Loss on disposal of investments | 181 | 120 | 181 | 120 |
Gain on liquidation of a subsidiary | (3,097) | - | (3,097) | - |
Gain on disposal of property, plant and equipment | (2,710) | (211,162) | (2,710) | (211,162) |
Provision/ (Reversal) of impairment loss on assets | 1,248 | (139) | 1,248 | (139) |
Unrealised foreign exchange gain | (25,533) | (90,960) | (25,533) | (90,960) |
Realised foreign exchange loss | 534 | 445 | 534 | 445 |
The selected explanatory notes form an integral part of, and, should be read in conjunction with, this interim financial report.
3
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Oriental Holdings Bhd published this content on 31 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2023 01:22:35 UTC.