YNH Property Bhd : Quarterly Report For The Financial Period Ended 31 Decemeber 2021

YNH PROPERTY BHD

(561986-V)

(Incorporated in Malaysia)

Interim Financial Statements

31 December 2021

YNH PROPERTY BHD

(Incorporated in Malaysia)

Condensed Consolidated Profit or Loss and Other Comprehensive Income

For the Twelve Months Period Ended 31 December 2021

		3 months ended		12 months ended
		31.12.2021	31.12.2020	31.12.2021	31.12.2020
	Note	RM			RM		RM		RM
Revenue		117,483,142	128,896,566	262,664,051	179,901,348
Cost of sales		(70,969,981)		(97,528,798)		(142,171,651)	(107,575,914)
Gross profit		46,513,161	31,367,768	120,492,400	72,325,434
Other income		1,673,173	11,436,203	17,124,451	53,539,824
Administrative expenses		(14,134,515)		(18,367,559)		(46,218,951)		(60,383,271)
Selling and marketing expenses		(3,491,037)		(3,182,265)		(11,291,057)		(5,696,614)
Other operating expenses		(2,636,676)		(3,537,210)		(9,532,710)		(4,806,635)
		(20,262,228)		(25,087,034)		(67,042,718)	(70,886,520)
Profit from operations		27,924,106	17,716,937	70,574,133	54,978,738
Finance costs	17	(10,222,070)	(10,195,532)	(34,926,273)	(38,036,576)
Profit before tax		17,702,036	7,521,405	35,647,860	16,942,162
Income tax expense	18	(7,699,531)	(5,567,803)	(14,893,247)	(10,136,830)
Profit for the period		10,002,505	1,953,602	20,754,613	6,805,332
Other comprehensive income
-Foreign currency translation		(12,459)	99,256	(102,693)	(692,800)
difference
Total comprehensive income
for the period		9,990,046	2,052,858	20,651,920	6,112,532
Loss per share (sen)
Basic	25 (a)	(0.34)	(1.33)	(0.63)	(2.13)
Diluted	25 (b)	(0.34)		(1.33)		(0.63)		(2.13)

The condensed consolidated statement of comprehensive income should be read in conjunction with the audited financial statements for the year ended 31 December 2020 and the accompanying explanatory notes attached to the financial statements.

YNH PROPERTY BHD

(Incorporated in Malaysia)

Condensed Consolidated Statement of Financial Position
As at 31 December 2021
		As at		As at
	Note	31.12.2021	31.12.2020
		RM		RM
NON-CURRENT ASSETS
Property, plant and equipment	8	103,152,395	106,547,095
Right of use		55,497,960	57,303,111
Deferred tax assets		95,736,727	91,390,263
Investment properties		290,303,871	301,678,132
Goodwill on consolidation		17,626,036	17,626,036
Inventories		1,378,529,363	1,315,179,348
		1,940,846,352	1,889,723,985
CURRENT ASSETS
Inventories		324,511,908	391,332,644
Trade and other receivables	9(a)	99,098,314	121,107,092
Other current assets		5,156,941	9,608,783
Contract assets		3,189,930	15,850,600
Tax recoverable		1,241,051	1,224,390
Cash and bank balances		47,706,368		50,817,484
		480,904,512	589,940,993
TOTAL ASSETS		2,421,750,864		2,479,664,978

Condensed Consolidated Statement of Financial Position as at 31 December 2021
(Contd.)
		As at	As at
	Note	31.12.2021			31.12.2020
		RM	RM
EQUITY AND LIABILITIES
Equity attributable to equity holders
of the Company
Share capital		528,999,579			528,999,579
Perpetual securities	6 (c)	345,915,827			345,915,827
Treasury shares		(970,157)			(970,157)
Other reserves		31,119,379			31,222,072
Retained earnings		324,496,941			327,816,043
Total equity		1,229,561,569			1,232,983,364
Non-Current Liabilities
Deferred tax liabilities		25,705,125			31,766,643
Lease liabilities		-			4,638,166
Long term liabilities	20	280,343,605			318,691,980
		306,048,730			355,096,789
CURRENT LIABILITIES
Trade and other payables		253,507,143			301,024,634
Contract liabilities		34,505,829			140,662,141
Provisions	22	402,459			479,390
Borrowings	20	533,346,450			395,854,391
Lease liabilities		8,651,698			20,041,188
Income tax payable		55,726,986			33,523,081
		886,140,565			891,584,825
TOTAL LIABILITIES		1,192,189,295			1,246,681,614
TOTAL EQUITY AND LIABILITIES		2,421,750,864			2,479,664,978
NTA per share (RM)		2.29			2.30
Net asset per share (RM)		2.32			2.33

The condensed consolidated statement of financial position should be read in conjunction with the audited financial statements for the year ended 31 December 2020 and the accompanying explanatory notes attached to the financial statements.

YNH PROPERTY BHD

(Incorporated in Malaysia)

Condensed Consolidated Statement of Changes in Equity

For the Twelve Months Period Ended 31 December 2021

			Attributable to Equity Holders of the Company
				Non-distributable					Distributable
	Share	Perpetual capital	Share Option	Share	Translation	Capital	Treasury	Retained
	capital	securities	Reserve	Premium	Reserve	Reserve	Shares	profits	Total
	RM	RM	RM	RM	RM	RM	RM	RM	RM
Opening balance at 1 January 2020	528,999,579	260,420,981.00	-	-	5,336,818			26,578,054	(970,157)	352,287,763	1,172,653,038
Comprehensive income
Profit for the year	-	-	-	-	-			-	-	6,805,332	6,805,332
Issued during the year		85,494,846									85,494,846
Other comprehensive income
-Foreign currency translation difference	-		-	-	(692,800)			-	-	-	(692,800)
-Coupon payment										(31,277,052)	(31,277,052)
Closing balance at 31 December 2020	528,999,579	345,915,827	-	-	4,644,018			26,578,054	(970,157)	327,816,043	1,232,983,364
Opening balance at 1 January 2021	528,999,579	345,915,827.00	-	-	4,644,018			26,578,054	(970,157)	327,816,043	1,232,983,364
Comprehensive income
Profit for the year	-		-	-	-			-	-	20,754,613	20,754,613
Other comprehensive income
Foreign currency translation difference	-	-	-	-	(102,693)			-	-	-	(102,693)
Coupon payment	-	-	-	-	-			-	-	(24,073,715)	(24,073,715)
Closing balance at 31 December 2021	528,999,579	345,915,827	-	-	4,541,325			26,578,054	(970,157)	324,496,941	1,229,561,569

The condensed consolidated statement of changes in equity should be read in conjunction with the audited financial statements for the year ended 31 December 2020 and the accompanying explanatory notes attached to the financial statements.