Financial Statements and Related Announcement::Half Yearly Results

2021Interim Report

Automating Asia's Future

Incorporated in Singapore with limited liability
Singapore Stock code : I07.SI
Interim Report 2021		i
Hong Kong Stock code : 1656

Table of Contents

Corporate Information

01 Condensed Consolidated Statement of Comprehensive Income

02 Condensed Consolidated Statement of Financial Position

03 Condensed Consolidated Statement of Changes in Equity

04 Condensed Consolidated Statement of Cash Flows

06 Notes to the Condensed Consolidated Financial Statements

23

32

Management Discussion and Analysis

Other Information

• In case of any discrepancies between the English version and the Chinese version, the English version shall prevail.

Corporate Information

COMPANY REGISTRATION	RISK MANAGEMENT
NUMBER	COMMITTEE
200416788Z	Lim Siang Kai (Chairman)
BOARD OF DIRECTORS	Soh Beng Keng
Tan Soon Liang
Lim Siang Kai (Chairman)	SINGAPORE PRINCIPAL SHARE
Teo Cher Koon
Kong Deyang	REGISTRAR
Soh Beng Keng	Boardroom Corporate &
Tan Soon Liang	Advisory Services Pte Ltd
Toh Hsiang-Wen Keith	50 Raffles Place
REGISTERED OFFICE	#32-01 Singapore Land Tower
Singapore 048623
101 Defu Lane 10	HONG KONG BRANCH SHARE
Singapore 539222
JOINT COMPANY SECRETARIES	REGISTRAR
Boardroom Share Registrars
Gn Jong Yuh Gwendolyn	(HK) Limited
LLB (Hons)	Room 2103B, 21/F
1 Robinson Road	148 Electric Road
#18-00 AIA Tower	North Point
Singapore 048542	Hong Kong
Tung Wing Yee Winnie	AUDITOR
(FCPA, CPA (Aust.))	Moore Stephens LLP
31/F., 148 Electric Road	10 Anson Road
North Point	#29-15, International Plaza
Hong Kong	Singapore 079903
AUDIT COMMITTEE
Lim Siang Kai (Chairman)
Soh Beng Keng
Tan Soon Liang
REMUNERATION COMMITTEE
Tan Soon Liang (Chairman)
Lim Siang Kai
Soh Beng Keng
NOMINATING COMMITTEE
Soh Beng Keng (Chairman)
Lim Siang Kai
Teo Cher Koon

Condensed Consolidated Statement of Comprehensive Income

FOR THE SIX MONTHS ENDED 30 JUNE 2021

The board (the "Board") of directors (the "Directors") of ISDN Holdings Limited (the "Company" or "ISDN") hereby announces the condensed consolidated interim results (the "Interim Results") of the Company and its subsidiaries (collectively referred to as the "Group") for the six months ended 30 June 2021 (the "1H2021") together with the relevant comparative audited or unaudited figures. The Group's Interim Results for 1H2021 are unaudited but have been reviewed by the audit committee of the Board (the "Audit Committee").

		Six months
		ended 30 June
	Notes	2021	2020
		S$'000	S$'000
		(unaudited)	(unaudited)
Revenue	4	217,158	167,185
Cost of sales		(158,965)	(125,850)
Gross profit
	58,193	41,335
Other operating income	5	2,928	2,483
Distribution costs		(14,695)	(11,534)
Administrative expenses		(18,734)	(15,328)
Net impairment (losses)/gain on financial assets		(775)	423
Other operating expenses		(532)	(245)
Finance costs	6	(684)	(972)
Share of profit of associates, net		365	471
Profit before income tax	7
26,066	16,633
Income tax	8	(6,678)	(3,751)
Profit for the period
	19,388	12,882
Other comprehensive income, net of tax:
Items that may be subsequently reclassified to profit or loss
- net fair value changes on cash flow hedge		-	31
- exchange differences on translation		1,763	2,012
Total comprehensive income for the period		21,151	14,925
Profit for the period attributable to:
Equity holders of the Company		12,167	9,572
Non-controlling interests		7,221	3,310
		19,388	12,882
Total comprehensive income for the period attributable to:
Equity holders of the Company		13,485	11,071
Non-controlling interests		7,666	3,854
		21,151	14,925
Earnings per share attributable to the holder of the Company:
Basic and diluted (Singapore cents)	9	2.79	2.23

Interim Report 2021
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