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:

  1. 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.