MERCURIUS CAPITAL INVESTMENT LIMITED
(Company Registration No.: 198200473E)
(Incorporated in the Republic of Singapore)
CONDENSED INTERIM FINANCIAL STATEMENTS
FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2021
Mercurius Capital Investment Limited (the "Company") wishes to inform the shareholders of the Company that pursuant to Rule 705(2)(d) and 705(2C) of the Singapore Exchange Securities Trading Limited Listing Manual Section B: Rules of Catalist, the Company is required to announce its quarterly financial statements in view of the disclaimer of opinion issued by the Company's independent auditor for the financial year ended 31 December 2020.
This announcement has been prepared by the Company and reviewed by the Company's sponsor, Novus Corporate Finance Pte. Ltd. (the "Sponsor"), in compliance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.
This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Mr. Pong Chen Yih, Chief Operating Officer, 7 Temasek Boulevard, #18-03B Suntec Tower 1, Singapore 038987, telephone (65) 6950 2188.
MERCURIUS CAPITAL INVESTMENT LIMITED
AND ITS SUBSIDIARY CORPORATIONS
TABLE OF CONTENTS | |
CONDENSED INTERIM CONSOLIDATED STATEMENT OF PROFIT OR LOSS | |
AND OTHER COMPREHENSIVE INCOME | 1 |
CONDENSED INTERIM STATEMENTS OF FINANCIAL POSITION | 3 |
CONDENSED INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS | 4 |
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY | 5 |
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS | 8 |
OTHER INFORMATION REQUIRED PURSUANT TO APPENDIX 7C OF THE CATALIST | |
RULES | 20 |
MERCURIUS CAPITAL INVESTMENT LIMITED
AND ITS SUBSIDIARY CORPORATIONS
CONDENSED INTERIM CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE PERIOD ENDED 30 SEPTEMBER 2021
3 Months Ended | 9 Months Ended | ||||||
30/9/2021 | 30/9/2020 | Change | 30/9/2021 | 30/9/2020 | Change | ||
S$'000 | S$'000 | % | S$'000 | S$'000 | % | ||
Note | Unaudited | Unaudited | Unaudited | Unaudited | |||
Revenue | - | - | - | - | |||
Cost of sales | - | - | - | - | |||
Gross profit | - | - | - | - | |||
Other income/(losses), net | 8 | - | NM | (8) | 14 | NM | |
Expenses | 40 | ||||||
- Administrative | (259) | (83) | 212 | (494) | (352) | ||
- Finance | (119) | (163) | (27) | (308) | (467) | (34) | |
Share of loss of joint venture | - | - | - | - | - | - | |
Loss before income tax | 7 | (370) | (246) | 50 | (810) | (804) | 1 |
Income tax expense | - | - | - | - | - | - | |
Net loss | (370) | (246) | 50 | (810) | (804) | 1 | |
Other comprehensive loss, | |||||||
net of tax: | |||||||
Items that may be reclassified | |||||||
subsequently to profit or loss: | |||||||
- Currency translation | |||||||
gains/(losses) arising from | |||||||
consolidation | (8) | (20) | (60) | 15 | 2 | 650 | |
Total comprehensive loss | (378) | (266) | 42 | (795) | (802) | (1) | |
Net loss attributable to: | |||||||
Equity holders of the Company | (370) | (245) | 51 | (809) | (803) | 1 | |
Non-controlling interests | * | (1) | NM | (1) | (1) | - | |
(370) | (246) | 50 | (810) | (804) | 1 | ||
Total comprehensive loss | |||||||
attributable to: | |||||||
Equity holders of the Company | (378) | (265) | (43) | (794) | (801) | (1) | |
Non-controlling interests | * | (1) | NM | (1) | (1) | - | |
(378) | (266) | (42) | (795) | (802) | (1) |
NM = Not meaningful
* Amount less than S$1,000.
Explanatory Notes to the Condensed Interim Consolidated Statement of Profit or Loss and Other Comprehensive Income
- Other income, net increased due to more favourable exchange rates during the current period.
- Administrative expenses increased due to professional fees incurred in relation to the Proposed Acquisition (as defined herein) and payment of director's fees.
- Finance costs relate to the interest expense on convertible loans. The decrease was due to extension of the maturity of the remaining convertible loans by a year and the repayment of a portion of the convertible loans which resulted in lower effective interest rate and interest expense during the current period.
- Currency translation losses decreased due to more stable Singapore dollar against Malaysian Ringgit exchange rates during the current period.
1
MERCURIUS CAPITAL INVESTMENT LIMITED
AND ITS SUBSIDIARY CORPORATIONS
CONDENSED INTERIM CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE PERIOD ENDED 30 SEPTEMBER 2021 (CONT'D)
Earnings per ordinary share of the Group for the current financial period reported on and the corresponding period of the immediately preceding financial year, after deducting any provision for preference dividends.
3 Months Ended | 9 Months Ended | ||||
30/9/2021 | 30/9/2020 | 30/9/2021 | 30/9/2020 | ||
Losses per share attributable to | |||||
equity holders of the Company | |||||
(cents per share) | |||||
Weighted average number of ordinary shares | |||||
for basic earnings per share | 1,324,104,503 | 1,283,053,378 | 1,306,375,412 | 1,280,938,891 | |
Weighted average number of ordinary shares | |||||
for diluted earnings per share | 1,367,934,011 | 1,329,448,173 | 1,355,136,887 | 1,317,691,257 | |
Net loss attributable to the equity holders of | |||||
the Company for the financial period | |||||
(S$'000) | (370) | (245) | (809) | (803) | |
Less: Interest on convertible loans (S$'000) | (117) | (159) | (301) | (456) | |
Adjusted net loss for the financial period | |||||
(S$'000) | (253) | (86) | (508) | (347) | |
Basic earnings/(loss) per share (cents) | (0.019) | (0.007) | (0.039) | (0.027) | |
Diluted earnings/(loss) per share (cents) | (0.018) | (0.006) | (0.037) | (0.026) |
2
MERCURIUS CAPITAL INVESTMENT LIMITED
AND ITS SUBSIDIARY CORPORATIONS
CONDENSED INTERIM STATEMENTS OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2021
Group | Company | ||||||
30/9/2021 | 31/12/2020 | 30/9/2021 | 31/12/2020 | ||||
S$'000 | S$'000 | S$'000 | S$'000 | ||||
Note | Unaudited | Audited | Unaudited | Audited | |||
ASSETS | |||||||
Current assets | |||||||
Cash and cash equivalents | 1,006 | 247 | 998 | 240 | |||
Trade and other receivables | 102 | 57 | 166 | 107 | |||
Income tax recoverable | 1 | 1 | - | - | |||
1,109 | 305 | 1,164 | 347 | ||||
Non-current assets | |||||||
Investments in subsidiary | |||||||
corporations | 11 | - | - | * | * | ||
Investment in joint venture | 8,219 | 8,219 | 9,260 | 9,260 | |||
Property, plant and equipment | 12 | 24 | 35 | 24 | 35 | ||
Right-of-use assets | 123 | 234 | 123 | 234 | |||
8,366 | 8,488 | 9,407 | 9,529 | ||||
TOTAL ASSETS | 9,475 | 8,793 | 10,571 | 9,876 | |||
LIABILITIES | |||||||
Current liabilities | |||||||
Trade and other payables | 528 | 525 | 485 | 481 | |||
Lease liabilities | 13 | 128 | 163 | 128 | 163 | ||
Convertible loans | 3,825 | 3,813 | 3,825 | 3,813 | |||
4,481 | 4,501 | 4,438 | 4,457 | ||||
Non-current liabilities | |||||||
Lease liabilities | 13 | 91 | 13 | 91 | |||
TOTAL LIABILITIES | 4,494 | 4,592 | 4,451 | 4,548 | |||
NET ASSETS | 4,981 | 4,201 | 6,120 | 5,328 | |||
EQUITY | |||||||
Capital and reserves attributable | |||||||
to equity holders of the | |||||||
Company | 14 | ||||||
Share capital | 142,852 | 141,277 | 142,852 | 141,277 | |||
Other reserves | (1,507) | (1,522) | 805 | 805 | |||
Accumulated losses | (136,368) | (135,559) | (137,537) | (136,754) | |||
4,977 | 4,196 | 6,120 | 5,328 | ||||
Non-controlling interests | 4 | 5 | - | - | |||
TOTAL EQUITY | 4,981 | 4,201 | 6,120 | 5,328 |
* Amount less than $1,000.
Explanatory Notes to the Consolidated Interim Statements of Financial Position
- Cash and cash equivalents increased mainly due to the payment received for share subscription.
- Right-of-useassets decreased due to depreciation.
- Trade and other receivables increased mainly due to deposits placed.
- Lease liabilities decreased due to lease payments made during the period.
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Mercurius Capital Investment Ltd. published this content on 08 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 November 2021 11:07:18 UTC.