Financial Statements and Related Announcement::Second Quarter and/ or Half Yearly Results

KTL Global Limited

(Incorporated in the Republic of Singapore)

(Company Registration No. 200704519M)

(The "Company")

Condensed interim financial statements

for the second quarter three months ended and

half year six months ended 30 June 2021

The Company is required, pursuant to the requirements of the Singapore Exchange Securities Trading Limited, to continue with quarterly reporting of its financial statements with effect from 7 February 2020, in view of the disclaimer opinion and material uncertainty relating to going concern highlighted by the auditors in its audited financial statements for the financial year ended 31 December 2020.

1

Table of contents	Page
1.	Condensed consolidated statement of profit or loss and other	3
	comprehensive income
2.	Condensed interim statement of financial position	4
3.	Condensed interim statements of changes in equity	6
4.	Condensed interim consolidated statement of cash flows	8
5.	Notes to the condensed interim financial statements	9
6.	Other information required by Listing Rule Appendix 7.2	16

2

Condensed consolidated statement of profit or loss and other comprehensive income

(Amount expressed in Singapore dollars)

		3 months ended 30 June		6 months ended 30 June
				Change			Change
	Note	2021	2020	%	2021	2020	%
		$'000	$'000		$'000	$'000
Revenue	5	-	527	NM	-	2,517	NM
Cost of sales		-	-	NM	-	-	NM
Gross profit		-	527	NM	-	2,517	NM
Administrative expenses		(279)	(371)	(25)	(614)	(1,151)	(47)
Finance costs		(1)	(2)	(50)	(2)	(5)	(60)
(Loss) / profit before tax	7	(280)	154	NM	(616)	1,361	NM
Income tax expenses	8	-	(30)	NM	-	(338)	NM
Total (loss) / profit		(280)	124	NM	(616)	1,023	NM
Total comprehensive
profit for the period		(280)	124	NM	(616)	1,023	NM
(Loss)/profit and total
comprehensive (loss)/
income attributable to:
Equity holders of the
Company		(10)	154	NM	(346)	97	NM
Non-controlling interests		(270)	(30)	NM	(270)	926	NM
		(280)	124	NM	(616)	1,023	NM

(Loss)/Profit per share
attributable to equity
holders of the Company
(cents per share)	10
Basic (loss)/profit per
share	(0.003)	0.05	(0.11)	0.03
Diluted (loss)/profit per
share		(0.003)	0.05		(0.11)	0.03

NM - not meaningful

3

Condensed interim statement of financial position as at 30 June 2021

(Amount expressed in Singapore dollars)

	Note	Group		Company
		As at		As at		As at		As at
		30 Jun 2021		31 Dec 2020		30 Jun 2021		31 Dec 2020
		$'000		$'000		$'000		$'000
ASSETS
Non-current assets
Property, plant and equipment	12	31	46	-	-
Goodwill from investments		27	-	-	-
Subsidiaries		-	-	210	-
		58	46	210	-
Current assets
Trade receivables		-		-		-		-
Other receivables, deposits and
prepayments		28		32		23		23
Cash and bank balances		291		986		23		6
		319		1,018		46		29
TOTAL ASSETS		377	1,064	256	29

4

Condensed interim statement of financial position as at 30 June 2021 (Cont'd)

(Amount expressed in Singapore dollars)

	Note	Group		Company
			As at		As at		As at		As at
			30 Jun 2021		31 Dec 2020		30 Jun 2021		31 Dec 2020
			$'000		$'000		$'000		$'000
LIABILITIES
Current liabilities
Trade payables			12		12		12		12
Contract liabilities			200		-		-		-
Amount due to subsidiaries			-		-		520		-
Other payables and accruals			82		156		78		94
Interest-bearing loans and	13		33		31		-		-
borrowings
Income tax payable			269		452		-		-
			597		651		610		106
Non-current liabilities
Interest-bearing loans and
borrowings	13		2	19	-	-
			2	19	-	-
TOTAL LIABILITIES			599	670	-	-
NET (LIABILITIES) / ASSETS			(222)	394	(354)	(77)
EQUITY
Capital and reserves attributable
to equity holders of the
Company
Share capital	14		36,776	36,776	36,776	36,776
Reserves			(35,799)	(35,453)	(37,130)	(36,853)
			977	1,323	(354)	(77)
Non-controlling interests			(1,199)	(929)	-	-
TOTAL (DEFICIT) / EQUITY			(222)	394	(354)	(77)

5