Ellipsiz Ltd
(Co. Reg. No. 199408329R)
and its subsidiaries
Condensed Interim Consolidated Financial Statements and Dividend Announcement
For the six months ended 31 December 2021
The following definitions apply throughout this announcement:
- 1H - First half year from 1 July to 31 December of the respective financial years.
- FY - Financial year ended or ending 30 June, as the case may be.
- NM - Not meaningful.
- SFRS(I) - Singapore Financial Reporting Standards (International).
A. Condensed interim consolidated statement of comprehensive income
Group | ||||
Note 1HFY2022 1HFY2021 | + / (-) | |||
$'000 | $'000 | % | ||
Revenue | E5 | 28,735 | 27,441 | 5 |
Cost of revenue | (22,467) | (21,498) | 5 | |
Gross Profit | 6,268 | 5,943 | 5 | |
Other income | E6 | 355 | 693 | (49) |
Fair value gain on investment property | 1,678 | - | NM | |
Distribution expenses | (1,965) | (1,760) | 12 | |
Administrative expenses | (3,851) | (3,547) | 9 | |
Other expenses | (64) | (845) | (92) | |
Results from operating activities | E6 | 2,421 | 484 | >300 |
Finance costs | (13) | (18) | (28) | |
Finance income | E7 | 50 | 77 | (35) |
Share of results of an associate (net of tax) | E8 | - | 3,848 | (100) |
Share of results of joint ventures (net of tax) | 110 | (21) | NM | |
Profit before tax | 2,568 | 4,370 | (41) | |
Tax expense | E9 | (422) | (242) | 74 |
Profit for the period | 2,146 | 4,128 | (48) | |
Other comprehensive income | ||||
Item that is or may be reclassified subsequently to | ||||
profit or loss (net of tax) | ||||
Exchange differences arising from translation of | ||||
financial statements of foreign operations | 668 | (526) | NM | |
Item that will not be reclassified to | ||||
profit or loss (net of tax) | ||||
Net change in fair value of financial assets at fair value | ||||
through other comprehensive income | 423 | 365 | 16 | |
Total other comprehensive income for the period, | ||||
net of tax | 1,091 | (161) | NM | |
Total comprehensive income for the period | 3,237 | 3,967 | (18) |
1
- Condensed interim consolidated statement of comprehensive income (cont'd)
Group | |||
1HFY2022 1HFY2021 | + / (-) | ||
$'000 | $'000 | % | |
Profit/(Loss) attributable to: | |||
Owners of the Company | 1,594 | 4,197 | (62) |
Non-controlling interests | 552 | (69) | NM |
Profit for the period | 2,146 | 4,128 | (48) |
Total comprehensive income attributable to: | |||
Owners of the Company | 2,559 | 4,205 | (39) |
Non-controlling interests | 678 | (238) | NM |
Total comprehensive income for the period | 3,237 | 3,967 | (18) |
Earnings per share | |||
- Basic (cents) | 0.96 | 2.52 | (62) |
- Diluted (cents) | 0.96 | 2.52 | (62) |
2
- Condensed interim statements of financial position
Group | Company | |||||
Note | 31.12.2021 | 30.06.2021 | 31.12.2021 | 30.06.2021 | ||
$'000 | $'000 | $'000 | $'000 | |||
Non-current assets | ||||||
Plant and equipment | 1,641 | 1,596 | 5 | 5 | ||
Investment property | E10 | 24,246 | 20,632 | - | - | |
Intangible assets and goodwill | E11 | 18,378 | 18,339 | 102 | 29 | |
Right-of-use assets | 633 | 853 | - | - | ||
Subsidiaries | - | - | 31,385 | 31,385 | ||
Joint venture | 118 | 8 | - | - | ||
Financial assets | E12 | 15,236 | 13,243 | 11,781 | 11,311 | |
Amounts due from related parties | - | - | 10,248 | 7,704 | ||
Deferred tax assets | 28 | 67 | - | - | ||
60,280 | 54,738 | 53,521 | 50,434 | |||
Current assets | ||||||
Trade and other receivables | 13,251 | 14,368 | 531 | 30 | ||
Inventories | 4,543 | 3,947 | - | - | ||
Amounts due from related parties | 348 | 316 | 995 | 1,950 | ||
Cash and cash equivalents | E14 | 58,687 | 64,404 | 48,090 | 54,292 | |
76,829 | 83,035 | 49,616 | 56,272 | |||
Total assets | 137,109 | 137,773 | 103,137 | 106,706 | ||
Equity attributable to Owners | ||||||
of the Company | ||||||
Share capital | E15 | 89,566 | 89,566 | 89,566 | 89,566 | |
Treasury shares | E15 | (126) | (126) | (126) | (126) | |
Reserves | (11,268) | (11,962) | 158 | 29 | ||
Retained earnings | 34,769 | 36,237 | 11,203 | 14,683 | ||
112,941 | 113,715 | 100,801 | 104,152 | |||
Non-controlling interests | 8,067 | 7,045 | - | - | ||
Total equity | 121,008 | 120,760 | 100,801 | 104,152 | ||
Non-current liabilities | ||||||
Lease liabilities | 181 | 336 | - | - | ||
Provisions | 176 | 176 | - | - | ||
Deferred tax liabilities | 788 | 711 | - | - | ||
1,145 | 1,223 | - | - | |||
Current liabilities | ||||||
Trade and other payables | 13,868 | 14,279 | 1,173 | 1,391 | ||
Amounts due to related parties | 72 | 575 | 1,163 | 1,163 | ||
Lease liabilities | 495 | 572 | - | - | ||
Provisions | 47 | 38 | - | - | ||
Income tax payable | 474 | 326 | - | - | ||
14,956 | 15,790 | 2,336 | 2,554 | |||
Total liabilities | 16,101 | 17,013 | 2,336 | 2,554 | ||
Total equity and liabilities | 137,109 | 137,773 | 103,137 | 106,706 | ||
3 |
- Condensed interim statements of changes in equity
Foreign | Total | |||||||||
currency | attributable | Non- | ||||||||
Share | Treasury | Capital | Fair value | translation | Retained to Owners of | controlling | Total | |||
Group | capital | shares | reserve | reserve | reserve | earnings | the Company | interests | equity | |
$'000 | $'000 | $'000 | $'000 | $'000 | $'000 | $'000 | $'000 | $'000 | ||
Balance as at 1 July 2021 | 89,566 | (126) | (11,648) | 105 | (419) | 36,237 | 113,715 | 7,045 | 120,760 | |
Total comprehensive income for the period | ||||||||||
Profit for the period | - | - | - | - | - | 1,594 | 1,594 | 552 | 2,146 | |
Other comprehensive income | ||||||||||
Exchange differences arising from translation of | ||||||||||
financial statements of foreign operations | - | - | - | - | 542 | - | 542 | 126 | 668 | |
Net change in fair value of financial assets at fair | ||||||||||
value through other comprehensive income | - | - | - | 423 | - | - | 423 | - | 423 | |
Transfer of gain on disposal of financial assets at | ||||||||||
fair value through other comprehensive income to | ||||||||||
retained earnings | - | - | - | (271) | - | 271 | - | - | - | |
Total other comprehensive income, net of tax | - | - | - | 152 | 542 | 271 | 965 | 126 | 1,091 | |
Total comprehensive income for the period | - | - | - | 152 | 542 | 1,865 | 2,559 | 678 | 3,237 | |
Transactions with Owners, recorded directly | ||||||||||
in equity | ||||||||||
Contributions by and distributions to Owners | ||||||||||
Final dividend of 2.00 cents per share | ||||||||||
in respect of 2021 | - | - | - | - | - | (3,333) | (3,333) | - | (3,333) | |
Total contributions by and distributions to Owners | - | - | - | - | - | (3,333) | (3,333) | - | (3,333) | |
Changes in ownership interest in a subsidiary | ||||||||||
Capital injection by non-controlling interest | - | - | - | - | - | - | - | 344 | 344 | |
Total changes in ownership interest in a subsidiary | - | - | - | - | - | - | - | 344 | 344 | |
Total transactions with Owners | - | - | - | - | - | (3,333) | (3,333) | 344 | (2,989) | |
Balance as at 31 December 2021 | 89,566 | (126) | (11,648) | 257 | 123 | 34,769 | 112,941 | 8,067 | 121,008 | |
4 |
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Ellipsiz Ltd. published this content on 10 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 February 2022 11:27:03 UTC.