UEM SUNRISE BERHAD
Registration No. 200801028815 (830144-W)
Incorporated In Malaysia
QUARTERLY REPORT ON CONSOLIDATED RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2023
THE FIGURES HAVE NOT BEEN AUDITED
I(A). CONDENSED CONSOLIDATED INCOME STATEMENT
INDIVIDUAL QUARTER | CUMULATIVE QUARTER | ||||||||
Preceding year | Three | Three | |||||||
Current year | corresponding | months | months | ||||||
quarter | quarter | to | to | ||||||
Note | 31/03/2023 | 31/03/2022 | 31/03/2023 | 31/03/2022 | |||||
RM'000 | RM'000 | RM'000 | RM'000 | ||||||
1. (a) | Revenue | 240,778 | 416,451 | 240,778 | 416,451 | ||||
(b) | Cost of sales | (134,662) | (317,587) | (134,662) | (317,587) | ||||
(c) | Gross profit | 106,116 | 98,864 | 106,116 | 98,864 | ||||
(d) | Other income | 13,041 | 13,410 | 13,041 | 13,410 | ||||
(e) | Expenses | (55,699) | (59,652) | (55,699) | (59,652) | ||||
(f) | Finance costs | (34,036) | (34,936) | (34,036) | (34,936) | ||||
(g) | Foreign exchange gain | 3,169 | 6,662 | 3,169 | 6,662 | ||||
(h) | Share of net results of associates | (693) | 1,169 | (693) | 1,169 | ||||
(i) | Share of net results of joint ventures | (4,281) | 10,262 | (4,281) | 10,262 | ||||
(j) | Profit before income tax | 27,617 | 35,779 | 27,617 | 35,779 | ||||
(k) | Income tax expense | 14 | (11,845) | (16,575) | (11,845) | (16,575) | |||
(l) | Profit for the period | 15,772 | 19,204 | 15,772 | 19,204 | ||||
Attributable to: | |||||||||
(m) Owners of the Parent | 15,354 | 19,020 | 15,354 | 19,020 | |||||
(n) | Non-controlling Interests | 418 | 184 | 418 | 184 | ||||
Profit for the period | 15,772 | 19,204 | 15,772 | 19,204 | |||||
2. Earning per share based on | |||||||||
1(m) above | 21 | 0.30 sen | 0.38 sen | 0.30 sen | 0.38 sen |
The condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the Annual Audited Financial Statements for the year ended 31 December 2022 and the accompanying explanatory notes attached to this quarterly announcement.
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UEM SUNRISE BERHAD
Registration No. 200801028815 (830144-W)
Incorporated In Malaysia
I(B). CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Profit for the period
Other comprehensive (expense)/income to be reclassified to profit
or loss in subsequent period:
INDIVIDUAL QUARTER | CUMULATIVE QUARTER | ||
Preceding year | Three | Three | |
Current year | corresponding | months | months |
quarter | quarter | to | to |
31/03/2023 | 31/03/2022 | 31/03/2023 | 31/03/2022 |
RM'000 | RM'000 | RM'000 | RM'000 |
15,772 | 19,204 | 15,772 | 19,204 |
Foreign currency translation differences for foreign operations
Total other comprehensive (expense)/ income for the period, net of tax
Total comprehensive (expense)/ income for the period
Attributable to:
Owners of the Parent
Non-controlling Interests
Total comprehensive (expense)/ income for the period
(17,256) | 20,029 | |||
(17,256) | 20,029 | |||
(1,484) | 39,233 | |||
(1,942) | 39,073 | |||
458 | 160 | |||
(1,484) | 39,233 | |||
(17,256) | 20,029 | |
(17,256) | 20,029 | |
(1,484) | 39,233 | |
(1,942) | 39,073 | |
458 | 160 | |
(1,484) | 39,233 | |
The condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the Annual Audited Financial Statements for the year ended 31 December 2022 and the accompanying explanatory notes attached to this quarterly announcement.
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UEM SUNRISE BERHAD
Registration No. 200801028815 (830144-W)
Incorporated In Malaysia
I(C). REMARKS TO CONDENSED CONSOLIDATED INCOME STATEMENT
INDIVIDUAL QUARTER | CUMULATIVE QUARTER | ||||
Preceding year | Three | Three | |||
Current year | corresponding | months | months | ||
quarter | quarter | to | to | ||
Note | 31/03/2023 | 31/03/2022 | 31/03/2023 | 31/03/2022 | |
RM'000 | RM'000 | RM'000 | RM'000 | ||
Profit before income tax is arrived | |||||
at after charging/(crediting): | |||||
Finance costs | 34,036 | 34,936 | 34,036 | 34,936 | |
Depreciation | 12,752 | 13,563 | 12,752 | 13,563 | |
Interest income | (8,392) | (4,857) | (8,392) | (4,857) | |
(Gain)/loss on foreign exchange: | |||||
- unrealised | (3,171) | (6,613) | (3,171) | (6,613) | |
- realised | 2 | (49) | 2 | (49) | |
Dividend income from investment | |||||
at fair value through profit or loss | 34 | (25) | 34 | (25) | |
Write back of impairment | |||||
of receivables | - | (556) | - | (556) | |
Net allowance for doubtful debts | 307 | (15) | 307 | (15) | |
Loss on disposal of subsidiaries | (a) | - | 479 | - | 479 |
Other than the above, there was no write-off of inventories, write-back of impairment of assets, exceptional items and reversal of provisions for the costs of restructuring.
- On 18 March 2022, Sunrise Berhad, a wholly-owned subsidiary of the Company, completed the Share Sale and Purchase Agreement ("SSPA") with SCM Property Management Sdn Bhd ("Purchaser") for the disposal of 100% equity in SCM Property Services Sdn Bhd ("SCM") for a total sale consideration of RM1.7 million. Consequently, SCM ceased to be an indirect subsidiary of the Company ("SCM disposal").
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UEM SUNRISE BERHAD
Registration No. 200801028815 (830144-W)
Incorporated In Malaysia
II. CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION | |
Unaudited | Audited |
As at current | As at preceding |
financial year end financial year end
ASSETS
1. Non-current assets
Property, plant and equipment Investment properties Right-of-use assets
Land held for property development Interests in associates
Interests in joint ventures Amounts due from joint ventures Goodwill
Deferred tax assets Long term receivables
2. Current assets
Property development costs Inventories held for sale Inventories under contract of sale Receivables
Contract assets
Amounts due from associates Amounts due from joint ventures Short term investments
Cash, bank balances and deposits
Assets classified as held for sale
31/03/2023
RM'000
401,740
776,445
20,755
5,149,506
833,304
886,242
156,982
621,409
274,221
362,316
9,482,920
991,088
175,650
97,068
634,051
319,125
10,211
104,320
157,015
1,100,671
3,589,199
22,473
31/12/2022
RM'000
407,260
780,014
21,831
5,158,456
844,980
891,191
156,982
621,409
283,003
360,295
9,525,421
978,702
203,005
102,096
672,969
374,672
612
103,473
45,005
1,025,551
3,506,085
22,397
Total assets | 13,094,592 | 13,053,903 |
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UEM SUNRISE BERHAD
Registration No. 200801028815 (830144-W)
Incorporated In Malaysia
II. CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONT'D)
Note | |
EQUITY AND LIABILITIES | |
3. Equity attributable to Owners of the Parent | |
Share capital | |
Reserves | |
Merger relief reserve | |
Other reserves | |
Retained profits | |
4. Non-controlling Interests | |
Total equity | |
5. Non-current liabilities | |
Borrowings | 16 |
Lease liabilities | |
Payables | |
Contract liabilities | |
Deferred income | |
Provisions | |
Deferred tax liabilities | |
6. Current liabilities | |
Provisions | |
Payables | |
Contract liabilities | |
Borrowings | 16 |
Lease liabilities | |
Tax payable |
Total liabilities
Total equity and liabilities
7. Net assets per share attributable to Owners of the Parent
Unaudited | Audited |
As at current | As at preceding |
financial year end financial year end
31/03/2023 | 31/12/2022 | |
RM'000 | RM'000 | |
4,960,276 | 4,960,276 | |
34,330 | 34,330 | |
61,044 | 78,340 | |
1,686,317 | 1,696,255 | |
6,741,967 | 6,769,201 | |
104,925 | 104,467 | |
6,846,892 | 6,873,668 | |
2,233,818 | 2,360,637 | |
17,510 | 18,414 | |
46,562 | 45,976 | |
233,712 | 239,678 | |
178,154 | 162,839 | |
29,884 | 68,317 | |
155,933 | 163,395 | |
2,895,573 | 3,059,256 | |
118,641 | 104,003 | |
988,585 | 937,938 | |
67,783 | 105,041 | |
2,165,168 | 1,954,611 | |
3,644 | 3,617 | |
8,306 | 15,769 | |
3,352,127 | 3,120,979 | |
6,247,700 | 6,180,235 | |
13,094,592 | 13,053,903 | |
RM 1.33 | RM 1.34 |
The condensed Consolidated Statement of Financial Position should be read in conjunction with the Annual Audited Financial Statements for the year ended 31 December 2022 and the accompanying explanatory notes attached to this quarterly announcement.
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UEM Sunrise Berhad published this content on 19 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 May 2023 07:29:10 UTC.