WELLCALL HOLDINGS BERHAD
Registration No.: 200501025213 (707346-W)
Incorporated in Malaysia
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE FINAL QUARTER ENDED 30 SEPTEMBER 2021
(The figures have not been audited)
Individual Quarter | Cumulative Quarter | ||||
3-Months Ended | 12-Months Ended | ||||
30 Sep 2021 | 30 Sep 2020 | 30 Sep 2021 | 30 Sep 2020 | ||
Note | RM'000 | RM'000 | RM'000 | RM'000 | |
Revenue | 47,502 | 37,274 | 157,016 | 134,920 | |
Cost of sales | (28,860) | (21,855) | (95,197) | (83,680) | |
Gross profit | 18,642 | 15,419 | 61,819 | 51,240 | |
Selling & distribution costs | (2,166) | (971) | (6,180) | (3,256) | |
Administrative expenses | (3,095) | (2,254) | (11,466) | (11,032) | |
Other operating income | 662 | (273) | 2,200 | 1,305 | |
Profit from operations | 14,043 | 11,921 | 46,373 | 38,257 | |
Finance costs | (39) | (45) | (186) | (195) | |
Interest income | 145 | 175 | 534 | 1,038 | |
Share of loss of equity accounted associate, | (253) | (110) | (663) | (285) | |
net of tax | |||||
Profit before taxation | 13,896 | 11,941 | 46,058 | 38,815 | |
Tax expense | (3,851) | (2,942) | (11,903) | (9,454) | |
Profit for the period/Total comprehensive income | |||||
for the period | 10,045 | 8,999 | 34,155 | 29,361 | |
Attributable to: | |||||
Equity holders of the Company | 10,045 | 8,999 | 34,155 | 29,361 | |
Earnings per share (sen): | |||||
Basic | B11(a) | 2.02 | 1.81 | 6.86 | 5.90 |
Diluted | B11(b) | N/A | N/A | N/A | N/A |
Single tier dividend per share (sen) | B9 | 2.80 | 1.40 | 7.00 | 4.95 |
N/A - Not Applicable |
The Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income should be read in conjunction with the Audited Financial Statements for the year ended 30 September 2020 and the accompanying notes to the Interim Financial Report.
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WELLCALL HOLDINGS BERHAD
Registration No.: 200501025213 (707346-W)
Incorporated in Malaysia
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2021
(The figures have not been audited)
Audited | ||
As At | As At | |
30 Sep 2021 | 30 Sep 2020 | |
RM'000 | RM'000 | |
ASSETS | ||
Non-current assets | ||
Property, plant and equipment | 51,729 | 56,894 |
Investment property | 4,418 | 3,485 |
Capital work-in-progress | - | 335 |
Investment in associate | 3,470 | 4,134 |
Other investment | 10 | 10 |
59,627 | 64,858 | |
Current assets | ||
Inventories | 20,142 | 13,793 |
Trade receivables | 6,487 | 5,577 |
Other receivables, deposits & prepayments | 109 | 81 |
Tax recoverable | 12 | 6 |
Deposits with licensed banks | 15,650 | 15,970 |
Cash and bank balances | 45,940 | 40,109 |
88,340 | 75,536 | |
TOTAL ASSETS | 147,967 | 140,394 |
EQUITY AND LIABILITIES | ||
Capital and reserves | ||
Share capital | 68,836 | 68,836 |
Retained profits | 58,298 | 52,028 |
TOTAL EQUITY | 127,134 | 120,864 |
Non-current liability | ||
Deferred taxation | 4,954 | 5,174 |
4,954 | 5,174 | |
Current liabilities | ||
Trade payables | 5,101 | 5,326 |
Other payables & accruals | 9,228 | 7,729 |
Tax payable | 1,550 | 1,301 |
15,879 | 14,356 | |
TOTAL LIABILITIES | 20,833 | 19,530 |
TOTAL EQUITY AND LIABILITIES | 147,967 | 140,394 |
Net assets per share attributable to equity holders | ||
of the Company (RM) | 0.255 | 0.243 |
The Condensed Consolidated Statement of Financial Position should be read in conjunction with the Audited Financial Statements for the year ended 30 September 2020 and the accompanying notes to the Interim Financial Report.
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WELLCALL HOLDINGS BERHAD
Registration No.: 200501025213 (707346-W)
Incorporated in Malaysia
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE FINAL QUARTER ENDED 30 SEPTEMBER 2021
(The figures have not been audited)
Non-Distributable | Distributable | ||
Share | Retained | Total | |
Capital | Profits | Equity | |
RM'000 | RM'000 | RM'000 | |
At 1 October 2020 | 68,836 | 52,028 | 120,864 |
Total comprehensive income for the period | - | 34,155 | 34,155 |
Dividends | - | (27,885) | (27,885) |
At 30 September 2021 | 68,836 | 58,298 | 127,134 |
At 1 October 2019 | 68,836 | 47,563 | 116,399 |
Total comprehensive income for the period | - | 29,363 | 29,363 |
Dividends | - | (24,898) | (24,898) |
At 30 September 2020 | 68,836 | 52,028 | 120,864 |
Note 1:
With the Companies Act 2016 ("CA 2016") that had taken effect on 31 January 2017, the credit standing in the share premium account of RM2.443 million had been transferred to the share capital account. Pursuant to sub-section 618(3) and 618(4) of the CA 2016, the Group may exercise its right to use the credit amounts being transferred from share premium account within twenty four (24) months after the commencement of the CA 2016. The Board of Directors had approved to transfer the share premium account of RM2.443 million to the share capital account.
The Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the Audited Financial Statements for the year ended 30 September 2020 and the accompanying notes to the Interim Financial Report.
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WELLCALL HOLDINGS BERHAD
Registration No.: 200501025213 (707346-W)
Incorporated in Malaysia
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE FINAL QUARTER ENDED 30 SEPTEMBER 2021 (The figures have not been audited)
12-Months Ended | ||
30 Sep 2021 | 30 Sep 2020 | |
RM'000 | RM'000 | |
Cash Flows from Operating Activities | ||
Profit before taxation | 46,058 | 38,817 |
Adjustments for: | ||
Depreciation of investment property | 106 | 76 |
Depreciation of property, plant and equipment | 5,275 | 5,505 |
Unrealised (gain) / loss on foreign exchange | (403) | 385 |
Gain on disposal of property, plant and equipment | (3) | (134) |
Dividend income | (1) | - |
Interest income | (534) | (1,038) |
Share of loss of equity accounted associates, net of tax | 663 | 285 |
Operating profit before working capital changes | 51,161 | 43,896 |
Net change in inventories | (6,349) | 1,606 |
Net change in receivables | (877) | 3,012 |
Net change in payables | 440 | (1,907) |
Cash generated from operations | 44,375 | 46,607 |
Tax paid | (11,027) | (9,677) |
Interest received | 534 | 1,038 |
Net cash generated from operating activities | 33,882 | 37,968 |
Cash Flows from Investing Activities | ||
Proceeds from disposal of property, plant and equipment | - | 197 |
Dividend received | 1 | - |
Investment In Associate Company | - | (4,420) |
Capital work-in-progress | 335 | (335) |
Purchase of investment property | (1,038) | (3,561) |
Purchase of property, plant and equipment | (111) | (1,334) |
Net cash used in investing activities | (813) | (9,453) |
Cash Flows from Financing Activities | ||
Dividends paid | (27,885) | (24,898) |
Net cash used in financing activities | (27,885) | (24,898) |
Net Increase in Cash and Cash Equivalents | 5,184 | 3,617 |
Effect of Exchange Rate Changes | 327 | (360) |
Cash and Cash Equivalents at beginning of the year | 56,079 | 52,822 |
Cash and Cash Equivalents at end of the period | 61,590 | 56,079 |
The Condensed Consolidated Statement of Cash Flows should be read in conjunction with the Audited Financial Statements for the year ended 30 September 2020 and the accompanying notes to the Interim Financial Report.
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WELLCALL HOLDINGS BERHAD
Registration No.: 200501025213 (707346-W)
Incorporated in Malaysia
NOTES TO THE INTERIM FINANCIAL REPORT
- Explanatory Notes Pursuant to MFRS 134
A1. Basis of Preparation
The Interim Financial Report is unaudited and has been prepared in accordance with the reporting requirements outlined in the Malaysian Financial Reporting Standard ("MFRS") No. 134: Interim Financial Reporting issued by the Malaysian Accounting Standards Board ("MASB") and paragraph 9.22 of the Main Market Listing Requirements of the Bursa Malaysia Securities Berhad ("BMSB").
The Interim Financial Report should be read in conjunction with the audited financial statements of the Group for the financial year ended 30 September 2020. These explanatory notes attached provide an explanation of events and transactions that are significant for an understanding of the changes in the financial position and performance of the Group since the financial year ended 30 September 2020.
Changes in accounting policies
The significant accounting policies adopted are consistent with those of the audited financial statements for the year ended 30 September 2020 except for the adoption of the following new, revised MFRSs, amendments to MFRS and Issues Committee ("IC") Interpretations:
Standards and Amendments Issued But Not Yet Effective
- Amendments to MFRS 101: Presentation of Financial Statements
- Amendments to MFRS 108: Accounting Policies, Changes in Accounting Estimates and Errors
- Amendments to IC Interpretation 22: Foreign Currency Transactions and Advance Consideration
- Amendments to MFRS 101: Presentation of Financial Statements - Definition of Materials
- Amendments to MFRS 7, MFRS 9 and MFRS 139: Interest Rate Benchmark Reform
- Amendments to MFRS 3: Business Combinations - Definition of Business
- MFRS 17 Insurance Contracts
- Amendments to MFRS 10: Consolidated Financail Statements and MFRS 128: Sale or Contribution of Assets between an Investor and its Associate or Joint Venture
The adoption of above standards and amendments to MFRS and IC Interpretations do not have material financial impact on the results and the financial position of the Group.
A2. Auditors' Report on Preceding Annual Financial Statements
The preceding audited financial statements for the financial year ended 30 September 2020 was not subject to any qualification.
A3. Seasonal or Cyclical Factors
The Group's operations are not materially affected by seasonal or cyclical changes during the current quarter under review.
A4. Unusual Items
There were no material items of an unusual nature and amount affecting the results of current quarter and cumulative period-to-date.
A5. Changes in Estimates
There were no changes in estimates of amounts which have a material effect in the current quarter under review.
A6. Changes in Debt and Equity Securities
Please refer to Part B Note B7.
A7. Dividend Paid
A third single tier dividend of 1.40 sen per share on 497,947,555 ordinary shares in respect of the financial year ended 30 September 2021 amounting to approximately RM6,971,266 was paid on 24 September 2021.
A8. Segmental Information
Segmental information for the Group by geographical and business segment is presented as follows:
12-Months Ended | ||
Geographical Segments | 30 Sep 2021 | 30 Sep 2020 |
Revenue | RM'000 | RM'000 |
Export Market | ||
USA/Canada | 37,297 | 32,864 |
Asia | 33,323 | 23,958 |
Middle East | 12,872 | 13,801 |
Europe | 23,495 | 23,563 |
Australia/New Zealand | 18,677 | 14,879 |
South America | 15,233 | 8,326 |
Africa | 3,910 | 4,113 |
144,807 | 121,504 | |
Local Market | 12,209 | 13,416 |
157,016 | 134,920 | |
Results | ||
Export Market | 42,477 | 34,955 |
Local Market | 3,581 | 3,860 |
Profit before taxation | 46,058 | 38,815 |
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WellCall Holdings Bhd published this content on 30 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2021 01:40:05 UTC.