UEM EDGENTA BERHAD
Company No. 196301000166 (5067-M)
Incorporated in Malaysia
QUARTERLY REPORT ON CONSOLIDATED RESULTS FOR THE SECOND QUARTER ENDED 30 JUNE 2021. THE FIGURES HAVE NOT BEEN AUDITED.
I(A). CONDENSED CONSOLIDATED INCOME STATEMENT
INDIVIDUAL QUARTER | CUMULATIVE QUARTER | |||||||
Preceding year | ||||||||
Current year | corresponding | Six | Six | |||||
quarter | quarter | months to | months to | |||||
30/6/2021 | 30/6/2020 | 30/6/2021 | 30/6/2020 | |||||
RM'000 | RM'000 | RM'000 | RM'000 | |||||
1 (a) | Revenue | 538,600 | 448,469 | 1,022,152 | 950,341 | |||
(b) | Cost of sales | (461,494) | (405,210) | (878,469) | (837,014) | |||
(c) | Gross profit | 77,106 | 43,259 | 143,683 | 113,327 | |||
(d) | Other income | 8,509 | 31,869 | 16,414 | 41,108 | |||
(e) | Expenses | (72,178) | (89,155) | (130,768) | (145,967) | |||
(f) | Finance costs | (5,408) | (6,355) | (10,730) | (12,358) | |||
(g) | Share of results of associates | 5,639 | 4,059 | 10,983 | 7,875 | |||
(h) | ||||||||
Profit/(loss) before tax | 13,668 | (16,323) | 29,582 | 3,985 | ||||
(i) | Income tax | (7,377) | (10,993) | (15,181) | (19,165) | |||
(j) | Profit/(loss) for the period | |||||||
6,291 | (27,316) | 14,401 | (15,180) | |||||
Attributable to: | ||||||||
(k) | Ow ners of the parent | 6,133 | (26,914) | 12,827 | (15,758) | |||
(l) | Non-controlling interests | 158 | (402) | 1,574 | 578 | |||
Profit/(loss) for the period | 6,291 | (27,316) | 14,401 | (15,180) |
- Earnings per share based on 1(k) above (Note 26):
Basic | 0.74 sen | (3.24) sen | 1.54 sen | (1.89) sen |
The condensed Consolidated Income Statement should be read in conjunction with the Annual Audited Financial Statements for the year ended 31 December 2020.
1
UEM EDGENTA BERHAD
Company No. 196301000166 (5067-M)
Incorporated in Malaysia
I(B). CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
INDIVIDUAL QUARTER | CUMULATIVE QUARTER | ||||||
Preceding year | |||||||
Current year | corresponding | Six | Six | ||||
quarter | quarter | months to | months to | ||||
30/6/2021 | 30/6/2020 | 30/6/2021 | 30/6/2020 | ||||
RM'000 | RM'000 | RM'000 | RM'000 | ||||
Profit/(loss) for the period | 6,291 | (27,316) | 14,401 | (15,180) | |||
Other comprehensive income to be | |||||||
reclassified to profit or loss in | |||||||
subsequent periods: | |||||||
Exchange differences on translation | |||||||
of foreign operations, representing | |||||||
total other comprehensive income | 4,093 | 4,670 | 9,378 | 10,662 | |||
Exchange differences reclassified | |||||||
to profit or loss | - | (19,254) | - | (19,254) | |||
Total other comprehensive (loss)/income | |||||||
for the period, net of tax | 4,093 | (14,584) | 9,378 | (8,592) | |||
Total comprehensive (loss)/income | |||||||
for the period | 10,384 | (41,900) | 23,779 | (23,772) | |||
Attributable to: | |||||||
Ow ners of the parent | 10,161 | (41,239) | 22,118 | (24,719) | |||
Non-controlling interests | 223 | (661) | 1,661 | 947 | |||
10,384 | (41,900) | 23,779 | (23,772) |
The condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the Annual Audited Financial Statements for the year ended 31 December 2020.
2
UEM EDGENTA BERHAD
Company No. 196301000166 (5067-M)
Incorporated in Malaysia
Remarks to Condensed Consolidated Income Statement: | ||||
INDIVIDUAL QUARTER | CUMULATIVE QUARTER | |||
Preceding year | ||||
Current year | corresponding | Six | Six | |
quarter | quarter | months to | months to | |
30/6/2021 | 30/6/2020 | 30/6/2021 | 30/6/2020 | |
RM'000 | RM'000 | RM'000 | RM'000 | |
Profit before tax is arrived at after (crediting)/charging: | ||||
Interest income | (1,227) | (648) | (2,195) | (2,218) |
Accretion of interest on concession receivable | (4,745) | (4,841) | (9,465) | (9,390) |
Dividend from short term investment | (127) | (197) | (340) | (811) |
(Gain)/loss on disposal of property, plant and equipment | - | (3) | 7 | 734 |
Net foreign exchange (gain)/loss | (270) | (19,248) | 176 | (19,509) |
Net impairment on trade receivables | 26 | 14,947 | 14 | 14,941 |
Interest expense | 4,884 | 6,093 | 9,960 | 11,538 |
Depreciation and amortisation | 21,965 | 22,149 | 40,487 | 38,960 |
Staff rationalisation cost | 2,265 | - | 2,265 | - |
Impairment on completed property inventories | - | 50,000 | - | 50,000 |
Other than the above, there were no other impairment/(write back of impairment) of assets, (gain)/loss on investments, write down of inventories and/or reversal of write down, reversal of provision for costs of restructuring or exceptional items.
3
UEM EDGENTA BERHAD
Company No. 196301000166 (5067-M)
Incorporated in Malaysia
- CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As at end of | As at preceding |
current quarter | financial year end |
30/6/2021 | 31/12/2020 |
RM'000 | RM'000 |
ASSETS
- Non-currentassets
Property, plant and equipment | 182,571 | 193,678 | ||
Right-of-use assets | 41,583 | 40,827 | ||
Land held for property development | 477 | 477 | ||
Intangible assets | 712,703 | 718,349 | ||
Investment in associates | 93,273 | 85,203 | ||
Other investments | 232 | 232 | ||
Trade and other receivables | 119,926 | 119,992 | ||
Contract related assets | 54,975 | 67,751 | ||
Deferred tax assets | 9,763 | 8,960 | ||
1,215,503 | 1,235,469 | |||
2 | Current assets | |||
Inventories | 72,047 | 77,865 | ||
Trade and other receivables | 589,172 | 460,013 | ||
Contract related assets | 268,951 | 293,351 | ||
Tax recoverable | 50,227 | 50,854 | ||
Short term investments | 42,012 | 11,799 | ||
Cash, bank balances and deposits | 540,977 | 678,002 | ||
1,563,386 | 1,571,884 | |||
Total assets | ||||
2,778,889 | 2,807,353 | |||
4
UEM EDGENTA BERHAD
Company No. 196301000166 (5067-M)
Incorporated in Malaysia
- CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONT'D)
As at end of | As at preceding |
current quarter | financial year end |
30/6/2021 | 31/12/2020 |
RM'000 | RM'000 |
EQUITY AND LIABILITIES
- Equity attributable to Ow ners of the Parent
Share capital | 268,074 | 268,074 | ||
Capital reserve | 313,856 | 313,856 | ||
Other reserves | (7,049) | (16,340) | ||
Retained earnings | 947,909 | 935,082 | ||
1,522,790 | 1,500,672 | |||
4 | Non-controlling interests | 8,855 | 8,590 | |
Total equity | 1,531,645 | 1,509,262 | ||
5 | Non-current liabilities | |||
Retirement benefit obligations | 2,518 | 2,518 | ||
Defined benefit pension plan | 967 | 937 | ||
Provisions | 3,206 | 2,891 | ||
Borrow ings | 313,369 | 318,704 | ||
Lease liabilities | 28,286 | 27,768 | ||
Trade and other payables | 1,443 | 1,659 | ||
Deferred tax liabilities | 46,643 | 44,126 | ||
396,432 | 398,603 | |||
6 | Current liabilities | |||
Retirement benefit obligations | 877 | 877 | ||
Provisions | 1,620 | 1,620 | ||
Borrow ings | 151,229 | 164,450 | ||
Lease liabilities | 9,513 | 9,807 | ||
Trade and other payables | 643,243 | 668,935 | ||
Contract liabilities | 32,449 | 30,663 | ||
Income tax payable | 11,881 | 23,136 | ||
850,812 | 899,488 | |||
Total liabilities | 1,247,244 | 1,298,091 | ||
Total equity and liabilities | 2,778,889 | 2,807,353 |
- Net assets per ordinary share attributable to
Owners of the Parent (RM) | 1.83 | 1.80 |
The condensed Consolidated Statement of Financial Position should be read in conjunction with the Annual Audited Financial Statements for the year ended 31 December 2020.
-
Cash, bank balances and deposits
Included in the cash, bank balances and deposits of the Group is an amount of RM20,996,474 (2020: RM9,070,741) held pursuant to Section 7A of the Housing Development (Control and Licensing) Act 1966 and Section 8A of the Housing Development Account (Control and Licensing) Sabah Act, 1978.
5
Attachments
- Original document
- Permalink
Disclaimer
UEM Edgenta Bhd published this content on 26 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 August 2021 11:10:02 UTC.