UNITED FOOD HOLDINGS LIMITED
(Incorporated in Bermuda as an exempted company limited by shares) (Company Registration No: 28925)
CONDENSED INTERIM FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED 30 JUNE 2021
TABLE OF CONTENTS
SN | Description | Page |
1 | CONDENSED INTERIM CONSOLIDATED STATEMENT OF | 2 |
COMPREHENSIVE INCOME | ||
2 | CONDENSED INTERIM STATEMENTS OF FINANCIAL POSITION | 4 |
3 | CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY | 5 |
4 | CONDENSED INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS | 7 |
5 | NOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS | 8 |
6 | OTHER INFORMATION REQUIRED BY LISTING RULE APPENDIX 7.2 | 15 |
1
UNITED FOOD HOLDINGS LIMITED
CONDENSED INTERIM CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED 30 JUNE 2021
Group | |||||||||
3 months ended | |||||||||
30 June 2021 | 30 June 2020 | Change | |||||||
Note | RMB'000 | RMB'000 | % | ||||||
CONTINUING OPERATIONS | |||||||||
Revenue | (A) | 512 | 142 | 260.6 | |||||
Cost of sales | (194) | (97) | 100.0 | ||||||
Gross profit | (B) | 318 | 45 | 606.7 | |||||
Other income, net | (C) | 5 | 18 | (72.2) | |||||
Selling and distribution costs | (298) | (209) | 42.6 | ||||||
Administrative expenses | (D) | (1,912) | (1,871) | 2.2 | |||||
Finance expenses | (278) | (443) | (37.2) | ||||||
Other expenses, net | - | (15) | N/M | ||||||
Profit/(loss) before tax | (2,165) | (2,475) | (12.5) | ||||||
Income tax expenses | - | - | N/M | ||||||
Profit/(loss) for the period | (2,165) | (2,475) | (12.5) | ||||||
Attributable to : | |||||||||
Owners of the Company | (1,987) | (2,096) | (5.2) | ||||||
Non-controlling interest | (178) | (379) | (53.0) | ||||||
Note: | For Notes (A) - (D), please refer to Item 8. |
Note: N/A - Not applicable
N/M - Not meaningful
2
UNITED FOOD HOLDINGS LIMITED
Group | ||||||||
3 months ended | ||||||||
30 June 2021 | 30 June 2020 | Change | ||||||
RMB'000 | RMB'000 | % | ||||||
Profit/(loss) for the period | (2,165) | (2,475) | (12.5) | |||||
Other comprehensive income/(loss) | ||||||||
Exchange differences on | ||||||||
translation of financial | ||||||||
statements of foreign operation | (637) | (11) | N/M | |||||
Total comprehensive profit/(loss) for the period | (2,802) | (2,486) | 12.7 | |||||
Attributable to : | ||||||||
Owners of the Company | (2,617) | (2,136) | 22.5 | |||||
Non-controlling interest | (185) | (350) | (47.1) | |||||
The Group's profit before tax is arrived at after charging: | ||||||||
Group | ||||||||
3 months ended | ||||||||
30 June 2021 | 30 June 2020 | Change | ||||||
RMB'000 | RMB'000 | % | ||||||
Depreciation of plant and equipment | 225 | 553 | (59.3) | |||||
Depreciation of right of use asset | 286 | - | N/M | |||||
Amortisation of intangible assets | 44 | 79 | (44.3) | |||||
Finance cost | 278 | 443 | (37.2) | |||||
3
UNITED FOOD HOLDINGS LIMITED
CONDENSED INTERIM STATEMENTS OF FINANCIAL POSITION
FOR THE THREE MONTHS AS AT 30 JUNE 2021
Group | Company | ||||||||||
30/6/2021 | 31/3/2021 | 30/6/2021 | 31/3/2021 | ||||||||
Note | RMB'000 | RMB'000 | RMB'000 | RMB'000 | |||||||
ASSETS | |||||||||||
Non-current assets | |||||||||||
Investment in subsidiary | - | - | 9 | 9 | |||||||
Property, plant and equipment | (E) | 1,587 | 1,812 | - | - | ||||||
Right-of-use assets | (E) | 7,232 | 7,518 | - | - | ||||||
Intangible asset - patents | (E) | 64,339 | 64,383 | - | - | ||||||
Goodwill | (F) | 12,742 | 12,742 | - | - | ||||||
85,900 | 86,455 | 9 | 9 | ||||||||
Current assets | |||||||||||
Inventories | 2,925 | 3,098 | - | - | |||||||
Trade and other receivables | (G) | 126,114 | 135,626 | 722 | 15,734 | ||||||
Amount due from subsidiaries | - | - | 112,988 | 99,389 | |||||||
Cash and cash equivalents | 36,833 | 20,621 | 501 | 786 | |||||||
165,872 | 159,345 | 114,211 | 115,909 | ||||||||
Total assets | 251,772 | 245,800 | 114,220 | 115,918 | |||||||
EQUITY AND LIABILITIES | |||||||||||
Capital and Reserves | |||||||||||
Issued capital | 18,685 | 18,685 | 18,685 | 18,685 | |||||||
Reserves | 157,230 | 159,847 | 82,630 | 84,140 | |||||||
Equity attributable to owners | |||||||||||
of the company | 175,915 | 178,532 | 101,315 | 102,825 | |||||||
Non-controlling interest | (H) | 6,805 | 6,990 | - | - | ||||||
182,720 | 185,522 | 101,315 | 102,825 | ||||||||
LIABILITIES | |||||||||||
Current liabilities | |||||||||||
Trade and other payables | (I) | 55,745 | 46,987 | 422 | 414 | ||||||
Amounts due to subsidiaries | - | - | 12,483 | 12,679 | |||||||
Current tax payable | 334 | 318 | - | - | |||||||
Contingent considerations | (J) | 688 | 688 | - | - | ||||||
56,767 | 47,993 | 12,905 | 13,093 | ||||||||
Non-current liabilities | |||||||||||
Borrowings | 9,990 | 9,990 | - | - | |||||||
Deferred tax liabilities | 2,295 | 2,295 | - | - | |||||||
12,285 | 12,285 | - | - | ||||||||
Total equity and liabilities | 251,772 | 245,800 | 114,220 | 115,918 | |||||||
4
UNITED FOOD HOLDINGS LIMITED
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY
FOR THE THREE MONTHS ENDED 30 JUNE 2021
Group | |||||||||
Exchange | Capital | Non- | |||||||
Issued | Share | Contributed | Accumulated | translation | redemption | controlling | |||
capital | premium | surplus | losses | reserve | reserve | interest | Total | ||
RMB'000 | RMB'000 | RMB'000 | RMB'000 | RMB'000 | RMB'000 | RMB'000 | RMB'000 | ||
Balance at 1 April 2021 | 18,685 | 58,276 | 397,141 | (295,285) | (3,267) | 2,982 | 6,990 | 185,522 | |
Transactions with the owners recognised | |||||||||
directly in equity | |||||||||
Issue of new shares | - | - | - | - | - | - | - | ||
Acquisitions of subsidiaries | - | - | - | - | - | - | - | ||
Total transactions with the owners recognised | |||||||||
directly in equity | - | - | - | - | - | - | - | - | |
Total comprehensive income | |||||||||
for the period | |||||||||
Profit/(loss) for the period | - | - | - | (1,987) | - | - | (178) | (2,165) | |
Exchange differences on | |||||||||
translation of financial | |||||||||
statements of foreign operation | - | - | - | - | (630) | - | (7) | (637) | |
Total comprehensive profit/(loss) | |||||||||
for the period | - | - | - | (1,987) | (630) | - | (185) | (2,802) | |
Balance at 30 June 2021 | 18,685 | 58,276 | 397,141 | (297,272) | (3,897) | 2,982 | 6,805 | 182,720 | |
Group | |||||||||
Exchange | Capital | Non- | |||||||
Issued | Share | Contributed | Accumulated | translation | redemption | contrilling | |||
capital | premium | surplus | losses | reserve | reserve | interest | Total | ||
RMB'000 | RMB'000 | RMB'000 | RMB'000 | RMB'000 | RMB'000 | RMB'000 | RMB'000 | ||
Balance at 1 April 2020 | 18,685 | 58,276 | 397,141 | (223,930) | 2,456 | 2,982 | 29,777 | 285,387 | |
Transactions with the owners recognised | |||||||||
directly in equity | |||||||||
Issue of new shares | - | - | - | - | - | - | - | - | |
Acquisitions of subsidiaries | - | - | - | - | - | - | - | - | |
Total transactions with the owners recognised | |||||||||
directly in equity | - | - | - | - | - | - | - | - | |
Total comprehensive income | |||||||||
for the period | |||||||||
Profit/(Loss) for the period | - | - | - | (2,096) | - | - | (379) | (2,475) | |
Exchange differences on | |||||||||
translation of financial | |||||||||
statements of foreign operation | - | - | - | - | (40) | - | 29 | (11) | |
Total comprehensive loss | |||||||||
for the period | - | - | - | (2,096) | (40) | - | (350) | (2,486) | |
Balance at 30 June 2020 | 18,685 | 58,276 | 397,141 | (226,026) | 2,416 | 2,982 | 29,427 | 282,901 | |
5
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United Food Holdings Limited published this content on 16 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2021 09:11:11 UTC.