XMH HOLDINGS LTD.
(Incorporated in the Republic of Singapore)
(Company Registration No: 201010562M)
UNAUDITED SECOND HALF YEAR ("2HFY2021") AND FULL YEAR (FY2021)
FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE PERIOD/YEAR ENDED 30 APRIL 2021
1(a)(i) A consolidated statement of comprehensive income (for the Group), together with a comparative statement for the corresponding period of the immediately preceding financial year.
Group | |||||||
(In S$'000) | Actual | Actual | Change | Actual | Actual | Change | |
Description | 2HFY2021 | 2HFY2020 | % | FY2021 | FY2020 | % | |
Continuing operations | |||||||
Revenue | 35,500 | 24,616 | 44.2 | 64,197 | 53,964 | 19.0 | |
Cost of sales | (26,187) | (18,770) | 39.5 | (48,393) | (41,509) | 16.6 | |
Gross profit | 9,313 | 5,846 | 59.3 | 15,804 | 12,455 | 26.9 | |
Other income | 1,524 | 1,447 | 5.3 | 3,780 | 2,532 | 49.3 | |
Distribution expenses | (1,983) | (2,009) | (1.3) | (3,503) | (4,331) | (19.1) | |
Administrative expenses | (7,445) | (9,309) | (20.0) | (13,404) | (15,931) | (15.9) | |
Net impairment losses on financial | |||||||
assets | (546) | (31) | NM | (778) | (168) | NM | |
Results from operating activities | 863 | (4,056) | NM | 1,899 | (5,443) | NM | |
Finance income | 366 | 15 | NM | 463 | 98 | NM | |
Finance costs | (471) | (1,507) | (68.7) | (926) | (2,954) | (68.7) | |
Net finance costs | (105) | (1,492) | (93.0) | (463) | (2,856) | (83.8) | |
Profit/(loss) before tax from | 758 | (5,548) | NM | 1,436 | (8,299) | NM | |
continuing operations | |||||||
Income tax (expense)/credit | (1,091) | 10 | NM | (1,165) | (32) | NM | |
(Loss)/profit from continuing | |||||||
(333) | (5,538) | (94.0) | 271 | (8,331) | NM | ||
operations, net of tax | |||||||
Discontinued Operation(1) | |||||||
Loss from disposal of a subsidiary | |||||||
corporation, net of tax | - | - | NM | - | (2,219) | NM | |
Loss from discontinued operation, net | |||||||
of tax | - | - | NM | - | (1,125) | NM | |
Results from discontinued operation, | - | - | NM | - | (3,344) | NM | |
net of tax | |||||||
(Loss)/profit for the period, net of tax | (333) | (5,538) | (94.0) | 271 | (11,675) | NM | |
Items that may be reclassified | |||||||
subsequently to profit or loss | |||||||
Exchange differences arising from | |||||||
translation of the financial statements | |||||||
of the subsidiary corporations | (1,724) | 1,381 | NM | (1,996) | 2,048 | NM | |
Other comprehensive | |||||||
(expenses)/income for the period, net | NM | ||||||
of tax | (1,724) | 1,381 | NM | (1,996) | 2,048 | ||
Total comprehensive expenses for | (2,057) | (4,157) | (50.5) | (1,725) | (9,627) | (82.1) | |
the period | |||||||
Note:
- Discontinued operation related to Z-Power Automation Pte. Ltd. (disposed on 8 October 2019).
Page 1 of 27
XMH HOLDINGS LTD.
(Company Registration No.: 201010562M)
UNAUDITED SECOND HALF YEAR AND FULL YEAR FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE PERIOD/YEAR ENDED 30 APRIL 2021
Group | |||||||
(In S$'000) | Actual | Actual | Change | Actual | Actual | Change | |
Description | 2HFY2021 | 2HFY2020 | % | FY2021 | FY2020 | % | |
Profit/(loss) attributable to: | |||||||
Owners of the Company | |||||||
Profit/(loss) from continuing | |||||||
operations | 225 | (5,408) | NM | 944 | (8,161) | NM | |
Loss from discontinued operation | - | - | NM | - | (2,774) | NM | |
225 | (5,408) | NM | 944 | (10,935) | NM | ||
Non-controlling interests | |||||||
Loss from continuing operations | (558) | (130) | NM | (673) | (170) | NM | |
Loss from discontinued operation | - | - | NM | - | (570) | NM | |
(558) | (130) | NM | (673) | (740) | (9.1) | ||
(333) | (5,538) | (94.0) | 271 | (11,675) | NM | ||
Total comprehensive expenses | |||||||
attributable to: | |||||||
Owners of the Company | |||||||
Loss from continuing operations | (1,520) | (4,047) | (62.4) | (1,077) | (6,135) | (82.4) | |
Loss from discontinued operation | - | - | NM | - | (2,774) | NM | |
(1,520) | (4,047) | (62.4) | (1,077) | (8,909) | (87.9) | ||
Non-controlling interests | |||||||
Loss from continuing operations | (537) | (110) | NM | (648) | (148) | NM | |
Loss from discontinued operation | - | - | NM | - | (570) | NM | |
(537) | (110) | NM | (648) | (718) | (9.7) | ||
(2,057) | (4,157) | (50.5) | (1,725) | (9,627) | (82.1) | ||
Note:
NM denotes not meaningful where there is no comparative or the fluctuation is more than 100%
Page 2 of 27
XMH HOLDINGS LTD.
(Company Registration No.: 201010562M)
UNAUDITED SECOND HALF YEAR AND FULL YEAR FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE PERIOD/YEAR ENDED 30 APRIL 2021
1(a)(ii) The statement of comprehensive income is arrived after crediting /(charging) the following:
Group | ||||||||
(In S$'000) | Actual | Actual | Change | Actual | Actual | Change | ||
Description | 2HFY2021 | 2HFY2020 | % | FY2021 | FY2020 | % | ||
(Loss)/gain on disposal of | ||||||||
property, plant and equipment | ||||||||
- | Continuing operations | (2) | 3 | NM | (2) | 3 | NM | |
Property, plant and equipment | ||||||||
written-off | ||||||||
- | Continuing operations | (92) | - | NM | (92) | - | NM | |
Government grants | ||||||||
- | Continuing operations | 361 | 324 | 11.4 | 1,514 | 358 | NM | |
- | Discontinued operation | - | - | NM | - | 40 | NM | |
Other miscellaneous income | ||||||||
- | Continuing operations | 161 | 107 | 50.5 | 261 | 376 | (30.6) | |
Write-back of allowance for trade | ||||||||
and other receivables | ||||||||
- | Continuing operations | 59 | 57 | 3.5 | 119 | 40 | NM | |
- | Discontinued operation | - | - | NM | - | 38 | NM | |
Interest income | ||||||||
- | Continuing operations | 16 | 15 | 6.7 | 32 | 98 | (67.3) | |
Interest expense | ||||||||
- | Continuing operations | (471) | (857) | (45.0) | (926) | (1,731) | (46.5) | |
- | Discontinued operation | - | - | NM | - | (33) | NM | |
Net foreign exchange gain/(loss) | ||||||||
- | Continuing operations | 351 | (650) | NM | 432 | (1,223) | NM | |
- | Discontinued operation | - | - | NM | - | (2) | NM | |
Depreciation of property, plant and | ||||||||
equipment | ||||||||
- | Continuing operations | (1,804) | (1,651) | 9.3 | (3,466) | (3,493) | (0.8) | |
- | Discontinued operation | - | - | NM | - | (52) | NM | |
Amortisation of intangible assets | ||||||||
- | Continuing operations | (17) | (52) | (67.3) | (41) | (99) | (58.6) | |
- | Discontinued operation | - | - | NM | - | (335) | NM | |
Depreciation of right-of-use assets | ||||||||
- | Continuing operations | (218) | (488) | (55.3) | (539) | (545) | (1.1) | |
- | Discontinued operation | - | - | NM | - | (4) | NM | |
Fair value gain/(losses) on quoted | ||||||||
equity securities | ||||||||
- | Continuing operations | 110 | (217) | NM | 140 | (237) | NM | |
Share-based payment expenses | ||||||||
- | Continuing operations | - | - | NM | - | (24) | NM | |
Rental income | ||||||||
- | Continuing operations | 857 | 1,008 | (15.0) | 1,830 | 1,776 | 3.0 | |
Dividend income | ||||||||
- | Continuing operations | - | 5 | NM | - | 20 | NM | |
Impairment loss on receivables | ||||||||
and contract assets | ||||||||
- | Continuing operations | (607) | - | NM | (897) | (120) | NM |
Note:
NM denotes not meaningful where there is no comparative or the fluctuation is more than 100%
Page 3 of 27
XMH HOLDINGS LTD.
(Company Registration No.: 201010562M)
UNAUDITED SECOND HALF YEAR AND FULL YEAR FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE PERIOD/YEAR ENDED 30 APRIL 2021
Group | ||||||||
(In S$'000) | Actual | Actual | Change | Actual | Actual | Change | ||
Description | 2HFY2021 | 2HFY2020 | % | FY2021 | FY2020 | % | ||
Bad debts written-off | ||||||||
- | Continuing operations | (5) | (88) | (94.3) | (7) | (88) | (92.0) | |
Recovery of bad debt | ||||||||
- | Continuing operations | 7 | - | NM | 7 | - | NM | |
Inventories written-down | ||||||||
- | Continuing operations | (168) | (882) | (81.0) | (168) | (882) | (81.0) | |
Provision for onerous contract | ||||||||
- | Continuing operations | - | (1,200) | NM | - | (1,200) | NM | |
Provision for stocks obsolescence | ||||||||
- | Continuing operations | (689) | (58) | NM | (689) | (58) | NM | |
Reversal/(Impairment) loss on club | ||||||||
membership | ||||||||
- | Continuing operations | 36 | (36) | NM | 36 | (36) | NM | |
Impairment loss on goodwill | ||||||||
- | Continuing operations | - | (887) | NM | - | (887) | NM | |
Impairment loss on intangible | ||||||||
asset | ||||||||
- | Continuing operations | (41) | (132) | (68.9) | (41) | (132) | (68.9) | |
Intangible asset written-off | ||||||||
- | Continuing operations | (23) | - | NM | (23) | - | NM | |
Grant expenses | ||||||||
- | Continuing operations | - | (18) | NM | (217) | (18) | NM | |
Adjustment for under provision of | ||||||||
tax in respect of prior period/year | ||||||||
- | Continuing operations | (678) | - | NM | (668) | (6) | NM | |
Note:
NM denotes not meaningful where there is no comparative or the fluctuation is more than 100%
Page 4 of 27
XMH HOLDINGS LTD.
(Company Registration No.: 201010562M)
UNAUDITED SECOND HALF YEAR AND FULL YEAR FINANCIAL STATEMENTS ANNOUNCEMENT FOR THE PERIOD/YEAR ENDED 30 APRIL 2021
1(b) A statement of financial position (for the issuer and group), together with a comparative statement as at the end of the immediately preceding financial year.
(In S$'000) | Group | Company | ||
Description | 30 Apr 2021 | 30 Apr 2020 | 30 Apr 2021 | 30 Apr 2020 |
ASSETS | ||||
Non-current assets | ||||
Property, plant and equipment | 46,616 | 49,954 | 42,684 | 45,500 |
Intangible assets | 8,506 | 8,615 | - | - |
Other financial assets | 350 | 425 | - | - |
Investment in subsidiary corporations | - | - | 11,297 | 11,297 |
Club memberships | 207 | 188 | - | - |
Deferred tax assets | 491 | 486 | - | - |
Right-of-use assets | 6,031 | 7,527 | 5,915 | 6,184 |
Total non-current assets | ||||
62,201 | 67,195 | 59,896 | 62,981 | |
Current assets | ||||
Inventories | 22,179 | 29,651 | - | - |
Trade and other receivables | 19,903 | 10,472 | 1,972 | 873 |
Prepayment | 183 | 472 | 13 | 8 |
Contract assets | 13,193 | 8,942 | - | - |
Cash and short-term deposits | 7,661 | 14,162 | 589 | 1,006 |
Tax recoverable | 10 | 55 | - | - |
Total current assets | 63,129 | 63,754 | 2,574 | 1,887 |
TOTAL ASSETS | 125,330 | 130,949 | 62,470 | 64,868 |
EQUITY AND LIABILITIES | ||||
Current liabilities | ||||
Trade and other payables | 13,165 | 15,761 | 8,292 | 8,972 |
Deferred grant income | 115 | 406 | 5 | 52 |
Contract liabilities | 457 | 222 | - | - |
Loans and borrowings | 16,389 | 20,151 | 2,228 | 2,027 |
Current tax payables | 1,533 | 20 | 1,459 | - |
Total current liabilities | 31,659 | 36,560 | 11,984 | 11,051 |
Non-current liabilities | ||||
Other payables | 14 | 196 | 204 | 369 |
Loans and borrowings | 46,816 | 45,243 | 34,158 | 35,102 |
Deferred tax liabilities | 143 | 594 | - | 450 |
Total non-current liabilities | 46,973 | 46,033 | 34,362 | 35,921 |
TOTAL LIABILITIES | 78,632 | 82,593 | 46,346 | 46,972 |
NET ASSETS | 46,698 | 48,356 | 16,124 | 17,896 |
EQUITY | ||||
Equity attributable to owners of the | ||||
Company | ||||
Share capital | 39,780 | 39,780 | 39,780 | 39,780 |
Reserve for own shares | (3,292) | (3,292) | (3,292) | (3,292) |
Other reserves | (6,880) | (4,859) | 2,292 | 2,292 |
Accumulated profits/(losses) | 17,506 | 16,562 | (22,656) | (20,884) |
47,114 | 48,191 | 16,124 | 17,896 | |
Non-controlling interests | (416) | 165 | - | - |
Total equity | 46,698 | 48,356 | 16,124 | 17,896 |
TOTAL EQUITY AND LIABILITIES | 125,330 | 130,949 | 62,470 | 64,868 |
Page 5 of 27
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XMH Holdings Ltd. published this content on 25 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 June 2021 04:34:10 UTC.