Chasen : FY2022 Results – SGX Report & Press Release

CHASEN HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Company registration number: 199906814G

CHASEN HOLDINGS LIMITED

AND ITS SUBSIDIARIES

CONDENSED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2022

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CHASEN HOLDINGS LIMITED
(Incorporated in the Republic of Singapore)
Company registration number: 199906814G
Table of Contents
A.	Condensed interim consolidated statement of profit or loss and other comprehensive income	............. 3
B.	Condensed interim statements of financial position.................................................................................	5
C.	Condensed interim statements of changes in equity ...............................................................................	7
D.	Condensed interim consolidated statement of cash flows .....................................................................	10
E.	Notes to the condensed interim consolidated financial statements .......................................................	12
F.	Other information required by Listing Rule Appendix 7.2 ......................................................................	24

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CHASEN HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Company registration number: 199906814G

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

	Group		Group
	Second half year ended		Financial year ended
	31-Mar-22	31-Mar-21	Change	31-Mar-22	31-Mar-21	Change
	S$'000	S$'000	%	S$'000	S$'000	%
Revenue	81,227	72,356	12%	165,194	130,723	26%
Cost of sales	(67,299)	(59,711)	-13%	(136,102)	(106,464)	-28%
Gross profit	13,928	12,645	10%	29,092	24,259	20%
Other operating income	2,170	2,020	7%	4,830	5,444	-11%
Distribution and selling expenses	(2,961)	(3,249)	9%	(6,435)	(6,745)	5%
Administrative expenses	(7,013)	(7,635)	8%	(15,373)	(14,460)	-6%
Other operating expenses	(1,849)	(755)	-145%	(2,950)	(1,769)	-67%
Finance expenses	(1,535)	(1,017)	-51%	(2,681)	(2,099)	-28%
Profit before income tax	2,740	2,009	36%	6,483	4,630	40%
Income tax expense	(1,246)	(607)	-105%	(2,231)	(1,188)	-88%
Net profit for the financial period	1,494	1,402	7%	4,252	3,442	24%
Profit attributable to:
Equity holders of the Company	1,459	664	120%	3,106	1,737	79%
Non-controlling interests	35	738	-95%	1,146	1,705	-33%
Net profit for the financial period	1,494	1,402	7%	4,252	3,442	24%

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CHASEN HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Company registration number: 199906814G

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

	Group		Group
	Second half year ended		Financial year ended
	31-Mar-22	31-Mar-21	Change	31-Mar-22	31-Mar-21	Change
	S$'000	S$'000	%	S$'000	S$'000	%
Net profit for the financial period	1,494	1,402	7%	4,252	3,442	24%
Other comprehensive (loss)/income:
Net loss on fair value changes of other
investments	(4,632)	(523)	N.M.	(4,632)	(523)	N.M.
Exchange differences on translating foreign
operations	230	49	N.M.	480	(122)	N.M.
Realisation of reserve upon deregistration of
subsidiaries	-	(20)	100%	-	(20)	100%
Revaluation gains on property, plant and
equipment	4,830	6,101	-21%	4,830	6,101	-21%
Other comprehensive income for the
financial period, net of tax	428	5,607	-92%	678	5,436	-88%
Total comprehensive income for the
financial period	1,922	7,009	-73%	4,930	8,878	-44%
Total comprehensive income attributable
to:
Owners of the Company	1,675	6,273	-73%	3,574	7,196	-50%
Non-controlling interests	247	736	-66%	1,356	1,682	-19%
Total comprehensive income for the
financial period	1,922	7,009	-73%	4,930	8,878	-44%

Note:

N.M. - Not meaningful

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