Financial Statements and Related Announcement::Full Yearly Results

Memories Group Limited

(Company Registration No. 201201631D)

___________________________________________________________

Condensed Interim Financial Statements

For the six-month and full year ended 30 September 2021

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Memories Group Limited

Financial Results Announcement

Table of Contents	Page
A. Condensed interim consolidated statement of profit or loss and other comprehensive income	3
B. Condensed interim statements of financial position	4
C. Condensed interim statements of changes in equity	5
D. Condensed interim consolidated statement of cash flows	6
E. Notes to the condensed interim consolidated financial statements	7
F. Other information required by Listing Rule Appendix 7c	25

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Memories Group Limited

Financial Results Announcement

Unaudited Financial Statements and Dividend Announcement

For six-month and full year ended 30 September 2021

A. Condensed interim consolidated statement of profit or loss and other comprehensive income

			The Group
		6 month ended 30	6 month ended 30	12 month ended 30	18 month ended 30
		September 2021	September 2020	September 2021	September 2020
		Unaudited	Unaudited	Unaudited	Audited
	Note	$'000	$'000	$'000	$'000
Revenue	4	721	766	2,095	10,523
Cost of sales		(483)	(879)	(1,395)	(6,559)
Gross profit		238	(113)	700	3,964
Other losses-net		(2,587)	(15,144)	(2,886)	(14,888)
Loss Allownace on Trade receivable-net		(117)	(145)	(117)	(145)
Distribution and Marketing expenses		(6)	(110)	(51)	(506)
General and administrative expenses		(2,614)	(4,303)	(6,617)	(15,242)
Finance expenses		5,931	(3,553)	6,210	(9,154)
Profit/(Loss) before taxation	6	845	(23,368)	(2,762)	(35,971)
Income tax credit/(expense)	7	23	(30)	40	4
Net profit/(loss),representing total
comprehensive income attributable		868	(23,398)	(2,722)	(35,967)
to equity holders of the Company
Earnings/(loss) per share
attributable to equity holders of the
Company
Basic/Diluted EPS (USD In cent)		0.17	(4.68)	(0.54)	(7.16)

The diluted EPS computations have not taken into consideration the effects of the shares to be issued and convertible bonds as at 30 September 2021, as they were anti-dilutive pursuant to para 41 of SFRS(I) 33 Earnings per Share.

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Memories Group Limited

Financial Results Announcement

B. Condensed interim statements of financial position

	The Group	The Company
	30 September	30 September	30 September	30 September
	2021	2020	2021	2020
	Unaudited	Audited	Unaudited	Audited
Note	U$'000	U$'000	U$'000	U$'000
ASSETS
Current assets
Cash and bank balances	130	406	36	91
Trade and other receivables	1,956	2,469	13,462	13,117
Inventories	237	220	-	-
Total current assets	2,323	3,095	13,498	13,208

Non-current assets

Investment in subsidiary corporations Investment properties

Property, plant and equipment Intangible assets

Financial assets, at fair value through profit or loss ("FVPL") Other receivable

	-	-	67,482	67,482
12	16,100	17,350	-	-
11	47,286	49,814	-	-
10	2,045	3,941	-	-
9	2,271	2,414	-	-
	540	763	-	-

Total non-current assets	68,242	74,282	67,482	67,482
Total assets	70,565	77,377	80,980	80,690
LIABILITIES
Current liabilities
Trade and other payables	14,213	13,403	15,830	15,242
Convertible bonds	3,534	3,374	3,534	3,374
Borrowings	4,943	3,051	-	-
Current income tax liabilities	385	394	-	-
Total current liabilities	23,075	20,222	19,364	18,616
Non-current liabilities
Borrowings	23,018	29,927	-	-
Deferred income tax liabilities	2,178	2,225	-	-
Provisions	105	92	-	-
	25,301	32,244	-	-
Total liabilities	48,376	52,466	19,364	18,616
NET ASSETS	22,189	24,911	61,616	62,074
EQUITY
Capital and reserves attributable to equity holders of the Company
Share capital	84,544	84,544	84,839	84,839
Accumulated losses	(42,797)	(40,075)	(23,808)	(23,350)
Other reserves	(19,558)	(19,558)	585	585
Total equity	22,189	24,911	61,616	62,074

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Memories Group Limited

Financial Results Announcement

C. Condensed interim statements of changes in equity

The Group						Equity
	Share	Capital	Merger	Translation	Performance	component of	Accumulated	Total
	capital	reserve	reserve	reserve	share reserve	convertible bonds	losses	equity
Note	$'000	$'000	$'000	$'000	$'000	$'000	$'000	$'000
FY 2021 (Unaudited)
Balance at 1 October 2020	84,544	566	(20,190)	-	-	66	(40,075)	24,911
Total comprehensive loss for the financial year	-	-	-	-	-	-	(2,722)	(2,722)
Balance at 30 September 2021	84,544	566	(20,190)	-	-	66	(42,797)	22,189
FY 2020 (Audited)
Balance at 1 April 2019	84,472	566	(20,190)	(2,498)	72	-	(1,610)	60,812
Issue of share capital	72	-	-	-	(72)	-	-	-
Effect of change in functional
currency of subsidiary corporation	-	-	-	2,498	-	-	(2,498)	-
Equity component of convertible bonds	-	-	-	-	-	66	-	66
Total comprehensive loss for the
financial period	-	-	-	-	-	-	(35,967)	(35,967)
Balance at 30 September 2020	84,544	566	(20,190)	-	-	66	(40,075)	24,911

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