DUTY FREE INTERNATIONAL LIMITED DUTY FREE INTERNATIONAL LIMITED
(Company Registration No. 200102393E)
(Incorporated in the Republic of Singapore)
UNAUDITED FINANCIAL STATEMENTS FOR THE FOURTH
QUARTER AND FULL YEAR ENDED
29 FEBRUARY 2020
1
DUTY FREE INTERNATIONAL LIMITED
(Company Registration No. 200102393E)
(Incorporated in the Republic of Singapore)
Part 1 - INFORMATION REQUIRED FOR ANNOUNCEMENTS OF QUARTERLY (Q1,Q2 & Q3), HALF-YEAR AND FULL YEAR RESULTS
1 (a)(i) An income statement and statement of comprehensive income, or a statement of comprehensive income, (for the group) together with a comparative statement for the corresponding period of the immediately preceding financial year
Consolidated Income Statement
Increase/ | |||||||
(Decrease) | |||||||
Note | % | ||||||
Revenue | 169,710 | 167,481 | 1.3% | 617,238 | 556,326 | 10.9% | |
Changes in inventories | (9,593) | (5,235) | 83.2% | (28,477) | 37,954 | -175.0% | |
Inventories purchased and material consumed | (120,871) | (113,545) | 6.5% | (435,531) | (418,457) | 4.1% | |
Other operating income | 1(a)(ii) | 4,712 | 4,592 | 2.6% | 18,368 | 17,542 | 4.7% |
Employee benefits expenses | (6,726) | (9,367) | -28.2% | (36,250) | (36,720) | -1.3% | |
Rental of premises | (7,139) | (12,447) | -42.6% | (31,546) | (47,818) | -34.0% | |
Utilities and maintenance expenses | (1,082) | (1,314) | -17.7% | (5,208) | (5,361) | -2.9% | |
Depreciation and amortisation | (4,009) | (1,552) | 158.4% | (15,107) | (6,070) | 148.9% | |
Commission expenses | (424) | (661) | -35.9% | (1,816) | (2,661) | -31.8% | |
Professional fees | (510) | (942) | -45.9% | (3,330) | (2,981) | 11.7% | |
Promotional expenses | (380) | (555) | -31.5% | (1,435) | (1,865) | -23.1% | |
Finance costs | (1,728) | (195) | 786.2% | (6,822) | (552) | 1135.9% | |
Gain arising from changes in fair value of option | - | - | 0.0% | - | 1,017 | -100.0% | |
Impairment of property, plant and equipment | |||||||
(3,743) | (162) | 2210.5% | (3,743) | (162) | 2210.5% | ||
and right-of-use assets | |||||||
Impairment of goodwill | (11,524) | - | n.m | (11,524) | - | n.m | |
Realised foreign exchange gain | 1,135 | 633 | 79.3% | 1,372 | 1,076 | 27.5% | |
Unrealised foreign exchange gain/(loss) | 96 | (2,123) | -104.4% | 2,838 | 4,229 | -32.9% | |
Other operating expenses | 1(a)(iii) | (15,955) | (9,007) | 77.1% | (35,016) | (28,045) | 24.9% |
(Loss)/profit before income tax | (8,031) | 15,601 | -151.5% | 24,011 | 67,452 | -64.4% | |
Income tax expenses | 1(a)(iv) | (3,581) | (3,709) | -3.5% | (12,902) | (14,877) | -13.3% |
(Loss)/profit for the period | (11,612) | 11,892 | -197.6% | 11,109 | 52,575 | -78.9% | |
(Loss)/profit attributable to: | |||||||
Owners of the Company | (9,132) | 9,964 | -191.6% | 10,880 | 46,517 | -76.6% | |
Non-controlling interests | (2,480) | 1,928 | -228.6% | 229 | 6,058 | -96.2% | |
(11,612) | 11,892 | -197.6% | 11,109 | 52,575 | -78.9% | ||
n.m - denotes not meaningful | |||||||
2 |
RM '000 RM '000
Group Fourth quarter ended
29/28 February 2020 2019 (Unaudited) (Unaudited)
Increase/ (Decrease)Group Full year ended 29/28 February 2020 2019 (Unaudited) (Audited)
%
RM '000 RM '000
DUTY FREE INTERNATIONAL LIMITED
(Company Registration No. 200102393E)
(Incorporated in the Republic of Singapore)
1 (a)(i) An income statement and statement of comprehensive income, or a statement of comprehensive income, (for the group) together with a comparative statement for the corresponding period of the immediately preceding financial year (cont'd)
Consolidated Statement of Comprehensive Income
29/28 February 2020 2019 (Unaudited) (Unaudited)Group Fourth quarter ended
RM '000 RM '000
Increase/ (Decrease)Group Full year ended 29/28 February 2020 2019 (Unaudited) (Audited)
%
RM '000 RM '000
Increase/ (Decrease)
%
(Loss)/profit for the period
(11,612)
11,892
-197.6%
11,109
52,575 -78.9%
Other comprehensive income: Foreign currency translation
Total comprehensive income for the period
(10,690)
922
11,257
(635)
-245.2%
-195.0%
12,188
1,079
(168) -742.3% 52,407 -76.7%
Total comprehensive income attributable to: Owners of the Company
Non-controlling interests
(8,308) (2,382) (10,690)
9,488 1,769 11,257
-187.6% 11,856
46,365 -74.4%
-234.7% -195.0%
332 6,042 -94.5%
12,188
52,407 -76.7%
DUTY FREE INTERNATIONAL LIMITED
(Company Registration No. 200102393E)
(Incorporated in the Republic of Singapore)
1(a)(ii) Other operating income
Other operating income includes:-
Group | Group |
Fourth quarter ended | Full year ended |
29/28 February | 29/28 February |
2020 2019 Increase/ 2020 (Unaudited) (Unaudited) (Decrease) (Unaudited)
RM '000 RM '000 % RM '000
2019 (Audited) RM '000
Increase/ (Decrease)
%
Rental income from: - advertisement space
- property, plant and equipment Commission income
Incentive income Interest income
Gain on disposal of property, plant and equipment Promotion income
Sundry income
1(a)(iii) Other operating expenses
725
125
124
49
2,390 -
445
158
Other operating expenses is arrived at after charging/(crediting) the following:-
710
130
132
67
3,035 -
334
109
Group
Fourth quarter ended
29/28 February
2.1%
3,005
3,017 -0.4%
-3.8%
500
-6.1%
521 -4.0%
161
-26.9%
187 -13.9%
174
-21.3%
298 -41.6%
10,762
11,546 -6.8%
0.0%
32
33.2%
29 10.3%
1,623
1,085 49.6%
45.0%
1,077
Group Full year ended 29/28 February
526 104.8%
2020 2019 Increase/ 2020 2019 (Unaudited) (Unaudited) (Decrease) (Unaudited) (Audited)
RM '000 RM '000 % RM '000 RM '000
Assessment and quit rent Impairment loss on receivables Auditors' remuneration
Bad debts written off Bank charges Donations Insurance
Inventory written down Inventory written off
Loss/(gain) arising from changes in fair value of biological assets
Management fee Packing materials
Property, plant and equipment written off Transportation costs
Travelling expenses
n.m - denotes not meaningful
298
284 -
4.9% n.m
1,056 1,013
2,179
Increase/ (Decrease)
%
4.2%
2,179
-
269
422 -
-36.3% n.m
1,205 1,162
143
n.m
3.7%
143
-
n.m
457
405
12.8%
1,695
1,764 -3.9%
14
15
-6.7%
1,110
3,072 -63.9%
400
316
26.6%
1,532
1,346 13.8%
6,466
1,404
360.5%
7,022
2,469 184.4%
419
64
554.7%
1,063
124 757.3%
71
(45)
-257.8%
77
49 57.1%
1,081
1,180
-8.4%
3,188
3,341 -4.6%
248 -
450
-44.9%
814
1,091 -25.4%
1,028
-100.0%
809
1,092 -25.9%
524
1,370
-61.8%
2,556
2,698 -5.3%
340
364
-6.6%
1,569
1,362 15.2%
DUTY FREE INTERNATIONAL LIMITED
(Company Registration No. 200102393E)
(Incorporated in the Republic of Singapore)
1(a)(iv) Income tax expenses
Current income tax attributable to continuing operations - current income tax
- over provision in respect of previous years
Deferred income tax attributable to continuing operations Real property gain tax
Income tax expense recognised in profit or loss
n.m - denotes not meaningful
Group | Group |
Fourth quarter ended | Full year ended |
29/28 February | 29/28 February |
2020 2019 Increase/ 2020 | 2019 | Increase/ |
(Unaudited) (Unaudited) (Decrease) (Unaudited) | (Audited) | (Decrease) |
RM '000 RM '000 % RM '000 | RM '000 | % |
16,881 | -15.1% | |
(784) | 126.5% | |
16,097 | -22.0% | |
(1,220) | -57.5% | |
- | n.m | |
14,877 | -13.3% |
5,732
5,212
10.0% 14,337
(45) 5,687
(4)
1025.0% (1,776)
5,208 9.2% 12,561
(2,106)
(1,499) 40.5% (519)
- 3,581
- 3,709
0.0% 860
-3.5%
12,902
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Duty Free International Limited published this content on 24 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 June 2020 11:51:02 UTC
