YNH Property : Quarterly Report For The Financial Period Ended 30 June 2023

YNH PROPERTY BHD

(561986-V)

(Incorporated in Malaysia)

Interim Financial Statements

30 June 2023

YNH PROPERTY BHD

(Incorporated in Malaysia)

Condensed Consolidated Profit or Loss and Other Comprehensive Income For the Eighteen Months Period Ended 30 June 2023

	Note
Revenue
Cost of sales
Gross profit
Other income
Administrative expenses
Selling and marketing expenses
Other operating expenses
Profit from operations
Finance costs	17
(Loss)/Profit before tax
Income tax expense	18
(Loss)/Profit for the period
Other comprehensive income
-Foreign currency translation
difference
Total comprehensive income
for the period
Loss per share (sen)
Basic	25 (a)
Diluted	25 (b)

3 months ended

30.06.2023	30.06.2022
RM		RM
66,046,353		N/A
(41,452,082)		N/A
24,594,271		N/A
12,551,124		N/A
(24,752,949)		N/A
(2,504,227)		N/A
(5,146,381)		N/A
(32,403,557)		N/A
4,741,838		N/A
(12,327,853)		N/A
(7,586,015)		N/A
62,105		N/A
(7,523,910)		N/A
(104,277)		N/A
(7,628,187)		N/A
(2.55)		N/A
(2.55)		N/A

18 months ended

30.06.2023	30.06.2022
RM		RM
311,008,115		N/A
(167,625,475)		N/A
143,382,640		N/A
91,881,580		N/A
(77,466,741)		N/A
(9,630,815)		N/A
(49,225,319)		N/A
(136,322,875)		N/A
98,941,345		N/A
(76,915,135)		N/A
22,026,210		N/A
(18,022,543)		N/A
4,003,667		N/A
(172,922)		N/A
3,830,745		N/A
(7.80)		N/A
(7.80)		N/A

The financial year of the Company has been changed from 31 December 2022 to 30 June 2023, and thereafter to the last day of June each year, and accordingly, there are no comparative figures to be presented.

The condensed consolidated statement of comprehensive income should be read in conjunction with the audited financial statements for the year ended 31 December 2021 and the accompanying explanatory notes attached to the financial statements.

YNH PROPERTY BHD

(Incorporated in Malaysia)

Condensed Consolidated Statement of Financial Position
As at 30 June 2023
		As at		As at
	Note	30.06.2023	31.12.2021
		RM		RM
NON-CURRENT ASSETS
Property, plant and equipment	8	92,397,489	109,376,353
Right of use		42,018,317	48,888,231
Deferred tax assets		108,944,574	99,094,902
Investment properties		145,467,151	295,711,195
Goodwill on consolidation		17,626,036	17,626,036
Inventories		1,275,822,979	1,167,812,133
		1,682,276,546	1,738,508,850
CURRENT ASSETS
Inventories		518,528,023	591,368,008
Trade and other receivables	9(a)	59,134,667	96,331,420
Other current assets		56,447,644	4,945,986
Assets held for sales		130,785,669	-
Contract assets		-	1,381,934
Tax recoverable		2,012,452	-
Cash and bank balances		31,666,958		34,149,859
		798,575,413	728,177,207
TOTAL ASSETS		2,480,851,959		2,466,686,057

Condensed Consolidated Statement of Financial Position as at 30 June 2023
(Contd.)
		As at		As at
	Note	30.06.2023	31.12.2021
		RM		RM
EQUITY AND LIABILITIES
Equity attributable to equity holders
of the Company
Share capital		528,999,579	528,999,579
Perpetual securities		345,915,827	345,915,827
Treasury shares		(970,157)	(970,157)
Other reserves		30,948,971	31,121,893
Retained earnings		293,034,830		324,993,475
Total equity		1,197,929,050	1,230,060,617
Non-Current Liabilities
Deferred tax liabilities		24,273,254	28,593,064
Lease liabilities		-	2,207,981
Medium term notes	6(b)	323,000,000	-
Long term liabilities	20	266,583,761		265,689,785
		613,857,015	296,490,830
CURRENT LIABILITIES
Trade and other payables		220,923,604	249,956,619
Contract liabilities		41,308,313	95,794,126
Provisions	22	135,379	277,887
Borrowings	20	320,038,637	536,707,160
Lease liabilities		12,387,855	2,530,627
Income tax payable		74,272,106		54,868,191
		669,065,894	940,134,610
TOTAL LIABILITIES		1,282,922,909	1,236,625,440
TOTAL EQUITY AND LIABILITIES		2,480,851,959		2,466,686,057
NTA per share (RM)		2.23		2.29
Net asset per share (RM)		2.26		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 2021 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 financial Period Ended 30 June 2023

		Attributable to Equity Holders of the Company
						Distributable
	Share	Perpetual capital	Translation		Capital	Treasury	Retained
	capital	securities	Reserve		Reserve	Shares	profits	Total
	RM	RM	RM		RM	RM	RM	RM
Opening balance at 1 January 2021	528,999,579	345,915,827	4,644,018	26,578,054	(970,157)	327,816,043	1,232,983,364
Comprehensive income
Profit for the year	-	-	-	-	-	21,251,147	21,251,147
Issued during the year	-	-	-	-	-	-	-
Other comprehensive income
-Foreign currency translation difference	-		(100,179)	-	-	-	(100,179)
-Coupon payment							(24,073,715)	(24,073,715)
Closing balance at 31 December 2021	528,999,579	345,915,827	4,543,839	26,578,054	(970,157)	324,993,475	1,230,060,617
Opening balance at 1 January 2022	528,999,579	345,915,827	4,543,839	26,578,054	(970,157)	324,993,475	1,230,060,617
Comprehensive income
Profit for the year	-		-	-	-	4,003,667	4,003,667
Other comprehensive income
Foreign currency translation difference	-	-	(172,922)	-	-	-	(172,922)
Coupon payment	-	-	-	-	-	(35,962,312)	(35,962,312)
Closing balance at 30 June 2023	528,999,579	345,915,827	4,370,917	26,578,054	(970,157)	293,034,830	1,197,929,050

The condensed consolidated statement of changes in equity should be read in conjunction with the audited financial statements for the year ended 31 December 2021 and the accompanying explanatory notes attached to the financial statements.