OTS HOLDINGS LIMITED OTS Holdings Limited
Condensed Unaudited Financial Statements For the Second Half Year ("2H2021") and Full Year ("FY2021") Ended 30 June 2021
_________________________________________________________________________
This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Ms. Charmian Lim (Tel: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.
Contents | Page |
Condensed consolidated statement of profit or loss and other comprehensive income | ...................... 1 |
Condensed statements of financial position ...................................................................................... | 2 |
Condensed statements of changes in equity..................................................................................... | 3 |
Condensed consolidated statement of cash flows............................................................................. | 4 |
Notes to the condensed consolidated financial statements............................................................... | 5 |
Other information required by Catalist Rule Appendix 7C ................................................................. | 14 |
Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income For the Second Half Year ("2H2021") and Full Year ("FY2021") Ended 30 June 2021
Group | Group | |||||||
Note | 2H2021 | 2H2020 | Changes | FY2021 | FY2020 | Changes | ||
$'000 | $'000 | (%) | $'000 | $'000 | (%) | |||
Revenue | 3 | 17,388 | 19,894 | (12.6) | 38,506 | 34,535 | 11.5 | |
Cost of sales | (12,254) | (13,796) | (11.2) | (26,719) | (24,287) | 10.0 | ||
Gross profit | 5,134 | 6,098 | (15.8) | 11,787 | 10,248 | 15.0 | ||
Other income and gains | 313 | 707 | (55.7) | 944 | 824 | 14.6 | ||
Marketing and distribution costs | (1,019) | (1,154) | (11.7) | (2,128) | (2,074) | 2.6 | ||
Administrative expenses | (2,786) | (2,191) | 27.2 | (5,117) | (4,194) | 22.0 | ||
Finance cost | (133) | (126) | 5.6 | (281) | (261) | 7.7 | ||
Other losses | (1,108) | (53) | 1,990.6 | (1,212) | (80) | 1,415.0 | ||
Share of loss from joint venture | (51) | (51) | - | (115) | (73) | 57.5 | ||
Profit before income tax | 350 | 3,230 | (89.2) | 3,878 | 4,390 | (11.7) | ||
Income tax expense | (238) | (474) | (49.8) | (889) | (839) | 6.0 | ||
Profit for the period | 112 | 2,756 | (95.9) | 2,989 | 3,551 | (15.8) | ||
Other comprehensive income
(loss):
Items that may be reclassified subsequently to profit or loss:
Exchange differences on translating foreign operations, net of tax
Other comprehensive loss for the period, net of tax
(35) | (9) | 288.9 | (27) | (12) | 125.0 |
(35) | (9) | 288.9 | (27) | (12) | 125.0 |
Total comprehensive income | 77 | 2,747 | (97.2) | 2,962 | 3,539 | (16.3) | |
Other information | |||||||
IPO expenses included in other | |||||||
losses | 900 | - | NM | 1,056 | - | NM | |
Profit for the period | |||||||
excluding IPO expenses | 1,012 | 2,756 | (63.3) | 4,045 | 3,551 | 13.9 |
NM: Not Meaningful
IPO: Initial Public Offering
1
Condensed Statements of Financial Position
For the Second Half Year ("2H2021") and Full Year ("FY2021") Ended 30 June 2021
Group | Company | ||||
Notes | FY2021 | FY2020 | FY2021 | FY2020 | |
$'000 | $'000 | $'000 | $'000 | ||
ASSETS | |||||
Non-current assets | |||||
Property, plant and equipment | 10,897 | 11,100 | 140 | 215 | |
Right-of-use assets | 3,317 | 3,395 | - | - | |
Intangible assets | -* | -* | - | - | |
Investments in subsidiaries | - | - | 14,771 | 14,771 | |
Investment in joint venture | 760 | 425 | 950 | 500 | |
Other non-financial assets | - | 51 | - | - | |
Total non-current assets | 14,974 | 14,971 | 15,861 | 15,486 | |
Current assets | |||||
Inventories | 7,815 | 9,954 | - | - | |
Trade and other receivables | 5,982 | 6,041 | 338 | 244 | |
Other non-financial assets | 545 | 285 | 26 | 6 | |
Cash and cash equivalents | 15,867 | 5,044 | 9,030 | 168 | |
Total current assets | 30,209 | 21,324 | 9,394 | 418 | |
Total assets | 45,183 | 36,295 | 25,255 | 15,904 | |
EQUITY AND LIABILITIES | |||||
Equity | |||||
Share capital | 9 | 22,469 | 14,771 | 22,469 | 14,771 |
Retained earnings | 7,211 | 5,226 | 941 | 524 | |
Foreign currency reserve | (40) | (13) | - | - | |
Total equity | 29,640 | 19,984 | 23,410 | 15,295 | |
Non-current liabilities | |||||
Deferred tax liabilities | 435 | 241 | - | - | |
Provision | 588 | 588 | - | - | |
Loans and borrowings | 10 | 3,238 | 3,904 | - | - |
Lease liabilities | 3,175 | 3,278 | - | - | |
Other non-financial liabilities | 105 | 218 | 6 | 15 | |
Total non-current liabilities | 7,541 | 8,229 | 6 | 15 | |
Current liabilities | |||||
Income tax payable | 508 | 139 | - | - | |
Trade and other payables | 5,979 | 5,962 | 1,831 | 581 | |
Loans and borrowings | 10 | 1,084 | 1,352 | - | - |
Lease liabilities | 317 | 267 | - | - | |
Other non-financial liabilities | 114 | 362 | 8 | 13 | |
Total current liabilities | 8,002 | 8,082 | 1,839 | 594 | |
Total liabilities | 15,543 | 16,311 | 1,845 | 609 | |
Total equity and liabilities | 45,183 | 36,295 | 25,255 | 15,904 |
* Below $1,000
2
Condensed Statements of Changes in Equity
For the Second Half Year ("2H2021") and Full Year ("FY2021") Ended 30 June 2021
Foreign | ||||
currency | ||||
Total | Share | Retained | translation | |
Group | equity | capital | earnings | reserve |
$'000 | $'000 | $'000 | $'000 | |
Current year | ||||
Opening balance at 1 July 2020 | 19,984 | 14,771 | 5,226 | (13) |
Changes in equity | ||||
Total comprehensive income for the period | 2,885 | - | 2,877 | 8 |
Closing balance at 31 December 2020 | 22,869 | 14,771 | 8,103 | (5) |
Total comprehensive income (loss) for the | ||||
period | 77 | - | 112 | (35) |
Issue of new shares pursuant to listing | 8,130 | 8,130 | - | - |
Capitalisation of listing expenses | (432) | (432) | - | - |
Dividend payable | (1,004) | - | (1,004) | - |
Closing balance at 30 June 2021 | 29,640 | 22,469 | 7,211 | (40) |
Previous year | ||||
Opening balance at 1 July 2019 | 16,962 | 14,771 | 2,192 | (1) |
Changes in equity | ||||
Total comprehensive income (loss) for the | ||||
year | 792 | - | 795 | (3) |
Closing balance at 31 December 2019 | 17,754 | 14,771 | 2,987 | (4) |
Total comprehensive income (loss) for the | ||||
period | 2,747 | - | 2,756 | (9) |
Dividend payable | (517) | - | (517) | - |
Closing balance at 30 June 2020 | 19,984 | 14,771 | 5,226 | (13) |
Company | ||||
Current year | ||||
Opening balance at 1 July 2020 | 15,295 | 14,771 | 524 | - |
Changes in equity | ||||
Total comprehensive income for the period | 1,024 | - | 1,024 | - |
Closing balance at 31 December 2020 | 14,771 | 1,548 | - | |
Total comprehensive income for the period | 397 | - | 397 | - |
Issue of new share pursuant to listing | 8,130 | 8,130 | - | - |
Capitalisation of listing expenses | (432) | (432) | - | - |
Dividend payable | (1,004) | - | (1,004) | - |
Closing balance at 30 June 2021 | 23,410 | 22,469 | 941 | - |
Previous year | ||||
Opening balance at 1 July 2019 | 15,241 | 14,771 | 470 | - |
Changes in equity | ||||
Total comprehensive income for the period | 10 | - | 10 | - |
Closing balance at 31 December 2019 | 15,251 | 14,771 | 480 | - |
Total comprehensive income for the period | 561 | - | 561 | - |
Dividend payable | (517) | - | (517) | - |
Closing balance at 30 June 2020 | 15,295 | 14,771 | 524 | - |
3
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OTS Holdings Ltd. published this content on 29 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2021 09:01:09 UTC.
