SHENG SIONG GROUP LTD
Interim Financial Statements as At and For the Half Year ended 30 June 2021
Contents | ||||
A. Consolidated Statement of Profit or Loss and Other | ||||
Comprehensive Income | 2 | |||
B. Statements of Financial Position | 4 | |||
C. Statements of Changes in Equity | 5 | |||
D. Consolidated Statement of Cash Flows | 6 | |||
E. Notes to the Consolidated Financial Statements | 7 | |||
1 | ||||
Other Information Required by Listing Rule Appendix 7.2 | 3 | |||
1
SHENG SIONG GROUP LTD
Interim Financial Statements as At and For the Half Year ended 30 June 2021
- Consolidated Statement of Profit or Loss and Other Comprehensive Income
The Group | |||||
6 months ended 30 June | |||||
2021 | 2020 | ||||
Note | S$'000 | S$'000 | +/ (-) | ||
% | |||||
Revenue | 5 | 681,675 | 747,400 | (8.8%) | |
Cost of sales | (489,159) | (541,061) | (9.6%) | ||
Gross profit | 192,516 | 206,339 | (6.7%) | ||
Other income | 6 | 7,546 | 19,945 | (62.2%) | |
Distribution expenses | (3,560) | (4,771) | (25.4%) | ||
Administrative expenses | (113,354) | (129,220) | (12.3%) | ||
Other expenses | (2,722) | (2,151) | 26.5% | ||
Results from operating activities | 80,426 | 90,142 | (10.8%) | ||
Finance income | 484 | 568 | (14.8%) | ||
Finance expense | (1,078) | (1,058) | 1.9% | ||
Profit before tax | 6 | 79,832 | 89,652 | (11.0%) | |
Tax expense | 7 | (13,741) | (14,428) | (4.8%) | |
Profit for the period | 66,091 | 75,224 | (12.1%) | ||
Other comprehensive income | |||||
Item that may be reclassified | |||||
subsequently to profit or loss: | |||||
Foreign currency translation | |||||
differences arising on consolidation | |||||
of foreign entity | (191) | 95 | n.m | ||
Total comprehensive income for the | |||||
65,900 | 75,319 | (12.5%) | |||
period | |||||
2 |
SHENG SIONG GROUP LTD
Interim Financial Statements as At and For the Half Year ended 30 June 2021
Profit net of tax for the period attributable to:
Owners of the company | 65,934 | 74,816 | (11.9%) | ||
Non-controlling interest | 157 | 408 | (61.5%) | ||
66,091 | 75,224 | (12.1%) | |||
Total comprehensive income attributable to: | |||||
Owners of the company | 65,819 | 74,873 | (12.1%) | ||
Non-controlling interest | 81 | 446 | (81.8%) | ||
65,900 | 75,319 | (12.5%) | |||
Earnings per share | |||||
Basic and diluted (cents) | 8 | 4.39 | 4.98 | ||
n.m denotes not meaningful
- Statements of Financial Position
3
SHENG SIONG GROUP LTD
Interim Financial Statements as At and For the Half Year ended 30 June 2021
The Group | The Company | |||||
30 Jun | 31 Dec | 30 Jun | 31 Dec | |||
2021 | 2020 | 2021 | 2020 | |||
Note | S$'000 | S$'000 | S$'000 | S$'000 | ||
Non-current assets | ||||||
Property, plant and | ||||||
equipment | 11 | 340,923 | 340,299 | - | - | |
Investment in subsidiaries | - | - | 82,261 | 82,261 | ||
340,923 | 340,299 | 82,261 | 82,261 | |||
Current assets | ||||||
Inventories | 74,972 | 77,911 | - | - | ||
Trade and other receivables | 9,516 | 19,949 | 200,719 | 199,300 | ||
Cash and cash equivalents | 247,980 | 253,901 | 153 | 274 | ||
332,468 | 351,761 | 200,872 | 199,574 | |||
Total assets | 673,391 | 692,060 | 283,133 | 281,835 | ||
Equity | ||||||
Share capital | 13 | 235,373 | 235,373 | 235,373 | 235,373 | |
Merger reserve | (68,234) | (68,234) | - | - | ||
Foreign currency translation | ||||||
reserve | (112) | 3 | - | - | ||
Accumulated profits | 226,076 | 205,248 | 47,551 | 46,083 | ||
Equity attributable to | ||||||
393,103 | 372,390 | 282,924 | 281,456 | |||
owners of the Company | ||||||
Non-controlling interest | 2,790 | 2,709 | - | - | ||
Total equity | 395,893 | 375,099 | 282,924 | 281,456 | ||
Non-current liabilities | ||||||
Lease liabilities | 28,657 | 23,129 | - | - | ||
4 | ||||||
SHENG SIONG GROUP LTD
Interim Financial Statements as At and For the Half Year ended 30 June 2021
Term loan | 12 | 7,500 | 15,000 | - | - | |
Deferred tax liabilities | 4,161 | 3,615 | - | - | ||
40,318 | 41,744 | - | - | |||
Current liabilities | ||||||
Trade and other payables | 178,283 | 208,089 | 192 | 379 | ||
Current tax payable | 24,084 | 29,754 | 17 | - | ||
Term loan | 12 | 12,500 | 15,000 | - | - | |
Lease liabilities | 22,313 | 22,374 | - | - | ||
237,180 | 275,217 | 209 | 379 | |||
Total liabilities | 277,498 | 316,961 | 209 | 379 | ||
Total equity and liabilities | 673,391 | 692,060 | 283,133 | 281,835 | ||
- Statements of Changes in Equity
Attributable to owners of the Company | |||||||
Foreign | |||||||
currency | Non- | ||||||
The Group | Share | Merger | Accumulate | translatio | Controllin | Total | |
capital | reserve | d profits | n reserve | Total | g interest | equity | |
S$'000 | S$'000 | S$'000 | S$'000 | S$'000 | S$'000 | S$'000 | |
At 1 January 2021 | (68,234 | 372,39 | 375,09 | ||||
235,373 | ) | 205,248 | 3 | 0 | 2,709 | 9 | |
Total comprehensive | |||||||
income for the | |||||||
period | |||||||
Profit for the period | - | - | 65,934 | - | 65,934 | 157 | 66,091 |
Other comprehensive | |||||||
income | |||||||
Foreign currency | |||||||
translation | |||||||
differences for | |||||||
foreign entity | - | - | - | (115) | (115) | (76) | (191) |
Total comprehensive | |||||||
income for the | - | - | 65,934 | (115) | 65,819 | 81 | 65,900 |
period | |||||||
Transactions with | |||||||
owners, recorded | |||||||
directly in equity: | |||||||
5
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Sheng Siong Group Ltd. published this content on 02 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2021 02:51:04 UTC.