Financial Statements and Related Announcement::Half Yearly Results

JACKSPEED CORPORATION LIMITED

(Incorporated in Singapore)

Registration No. 199300300W

CONDENSED INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 31 AUGUST 2021

Table of Contents	Page
A. Condensed Interim Statement of Profit or Loss and Other Comprehensive Income	.............................................. 2
B. Condensed Interim Statement of Financial Position ..............................................................................................	3
C. Condensed Interim Statement of Changes in Equity ..............................................................................................	4
D. Condensed Interim Statement of Cash Flows.........................................................................................................	5
E. Notes to the Condensed Interim Financial Statements ...........................................................................................	6
F. Other information required by Listing Rule Appendix 7.2 ........................................................................................	11

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JACKSPEED CORPORATION LIMITED

(Incorporated in Singapore)

Registration No. 199300300W

Condensed Interim Statement of Profit or Loss and Other Comprehensive Income

Period ended 31 August 2021

		Company
		1HY2022		1HY2021	Change
	Notes	$'000		$'000	%
Revenue		-		-	n.m.
Cost of sales		-		-	n.m.
Gross profit		-		-	n.m.
Other income and gains	5	10	40	(75.0)
Administrative expenses		(275)	(280)	(1.8)
Other expenses	5	-		-	n.m.
Loss before tax from continuing operations		(265)	(240)	10.4
Income tax expense		-		-	n.m.
Loss from continuing operations		(265)	(240)	10.4
Discontinued operations
Loss after tax from discontinued operations	6	-		(14)	(100.0)
Loss and total comprehensive loss for the period		(265)	(254)	4.3
Total comprehensive loss
From continuing operations		(265)	(240)	10.4
From discontinued operations		-		(14)	(100.0)
		(265)	(254)	4.3
Loss per share
Loss per share currency unit		Cents		Cents
Basic and diluted
Continuing operations		(0.09)	(0.08)	12.5
Discontinued operations		-		-	n.m.
Total		(0.09)		(0.08)	12.5

n.m. = not meaningful

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JACKSPEED CORPORATION LIMITED

(Incorporated in Singapore)

Registration No. 199300300W

Condensed Interim Statement of Financial Position

As at 31 August 2021

		Company
		31 Aug 2021		28 Feb 2021
ASSETS	Note	$'000	$'000
Current assets
Trade and other receivables		5	622
Other assets		22	14
Cash and cash equivalents		83		74
Total current assets		110		710
Total assets		110	710
EQUITY AND LIABILITIES
Equity
Share capital	14	293	293
Treasury shares	14	(50)	(50)
Accumulated losses		(809)		(544)
Total equity (adverse balance)		(566)	(301)
Current liabilities
Other non-financial liabilities		-	2
Trade and other payables		676		1,009
Total current liabilities		676		1,011
Total liabilities		676		1,011
Total equity and liabilities		110		710

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JACKSPEED CORPORATION LIMITED

(Incorporated in Singapore)

Registration No. 199300300W

Condensed Interim Statement of Changes in Equity

Period ended 31 August 2021

	1
Total	2	Share	Treasury	Accumulated
equity	3	capital	shares	losses
$'000	4	$'000	$'000	$'000

Current year:
Opening balance at 1 March 2021	(301)	293	(50)	(544)
Changes in equity:
Total comprehensive loss for the period	(265)		-		-	(265)
Closing balance at 31 August 2021	(566)	293	(50)	(809)
Previous year:
Opening balance at 1 March 2020	209	293	(50)	(34)
Changes in equity:
Total comprehensive income for the period	(254)		-		-	(254)
Closing balance at 31 August 2020	(45)	293	(50)	(288)

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JACKSPEED CORPORATION LIMITED

(Incorporated in Singapore)

Registration No. 199300300W

Condensed Interim Statement of Cash Flows

Period ended 31 August 2021

		Company
		31 Aug 2021		31 Aug 2020
		$'000		$'000
Cash flows from operating activities
Loss before tax:
Continuing operations	(265)	(240)
Discontinued operations	-		(14)
		(265)	(254)
Adjustments for:
Interest expense	-		15
Operating cash flows before changes in working capital	(265)	(239)
Trade and other receivables	617	791
Other assets	(8)	4
Trade and other payables	156	37
Other non-financial liabilities	(2)		-
Net cash flows from operations before tax	498	593
Income taxes paid	-		-
Net cash flows from operating activities	498	593
Cash flows from financing activities
Net movements in amounts due to related parties	(489)	1,147
Decrease in other financial liabilities	-	(1,942)
Interest paid	-		(17)
Net cash flows used in financing activities	(489)		(812)
Net increase / (decrease) in cash and cash equivalents	9	(219)
Cash and cash equivalents, statement of cash flows, beginning balance	74		275
Cash and cash equivalents, statement of cash flows, ending balance		83		56

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