VERTICE UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
Quarter ended Year to date ended31-Mar-17 | 31-Mar-16 | 31-Mar-17 | 31-Mar-16 |
RM'000 | RM'000 | RM'000 | RM'000 |
Revenue | 48,284 | 45,192 | 48,284 | 45,192 |
Operating expenses | (46,176) | (42,786) | (46,176) | (42,786) |
Amortisation & depreciation | (1,285) | (1,421) | (1,285) | (1,421) |
Inventories written-off | (396) | (2) | (396) | (2) |
Inventories written down | (441) | (447) | (441) | (447) |
Foreign exchange (loss)/gain | (2) | (29) | (2) | (29) |
Other operating income | 53 | 72 | 53 | 72 |
Profit/(Loss) from operations | 37 | 579 | 37 | 579 |
Interest Expenses | (204) | (267) | (204) | (267) |
Interest Income | 13 | 0 | 13 | 0 |
Profit/(Loss) before taxation | (154) | 312 | (154) | 312 |
Income tax expense | (310) | (196) | (310) | (196) |
Profit/(Loss) for the period | (464) | 116 | (464) | 116 |
Other comprehensive income | 0 | 0 | 0 | 0 |
Total comprehensive income/(loss) | (464) | 116 | (464) | 116 |
Owners of the Company | (385) | 101 | (385) | 101 |
Non-controlling interests | (79) | 15 | (79) | 15 |
(464) | 116 | (464) | 116 |
Basic (sen) | (0.29) | 0.08 | (0.29) | 0.08 |
Diluted (sen) | (0.20) | N/A | (0.20) | N/A |
The unaudited condensed consolidated Statement of Profit or Loss and Other Comprehensive Income should be read in conjunction with the audited Financial Statements for the financial year ended 31 December 2016 and the accompanying explanatory notes attached to the interim consolidated Financial Statements.
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As at 31-Mar-17 RM'000 | As at 31-Dec-16 RM'000 | |||
(Unaudited) | (Audited) | |||
ASSETS Non-Current Assets Property, plant and equipment | 10,800 | 10,955 | ||
Investment properties | 2,372 | 2,387 | ||
Intangible assets | 412 | 431 | ||
Deferred tax assets | 674 | 601 | ||
Other investments | 17 | 17 | ||
14,275 | 14,391 | |||
Current Assets Inventories | 63,771 | 78,828 | ||
Trade receivables | 16,496 | 21,634 | ||
Other receivables | 12,516 | 14,367 | ||
Income tax assets | 200 | 200 | ||
Fixed deposits | 5,013 | 0 | ||
Cash and bank balances | 2,312 | 5,055 | ||
100,308 | 120,084 | |||
TOTAL ASSETS | 114,583 | 134,475 | ||
EQUITY AND LIABILITIES Equity attributable to owners of the Company Share capital | 66,000 | 66,000 | ||
Share premium | 102 | 102 | ||
Retained earnings | 23,051 | 23,436 | ||
89,153 | 89,538 | |||
Non-controlling interests | (57) | 22 | ||
Total Equity | 89,096 | 89,560 | ||
Non Current Liabilities Long term borrowings | 697 | 821 | ||
697 | 821 | |||
Current Liabilities Trade payables | 4,736 | 19,608 | ||
Other payables | 5,181 | 6,890 | ||
Short term borrowings | 13,927 | 16,996 | ||
Income tax liabilities | 946 | 600 | ||
24,790 | 44,094 | |||
Total Liabilities | 25,487 | 44,915 | ||
TOTAL LIABILITIES AND EQUITY | 114,583 | 134,475 | ||
Net Asset per share (in RM) | 0.68 | 0.68 |
The unaudited condensed consolidated Statement of Financial Position should be read in conjunction with the audited Financial Statements for the financial year ended 31 December 2016 and the accompanying explanatory notes attached to the interim consolidated Financial Statements.
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Attributable to owners of the CompanyNon-Distributable | Distributable | Non- | |||
Share Share | Retained | controlling | Total | ||
Capital Premium RM'000 RM'000 | Earnings RM'000 | Total RM'000 | Interests RM'000 | Equity RM'000 | |
As At 1 January 2017 | 66,000 102 | 23,436 | 89,538 | 22 | 89,560 |
Total comprehensive income | |||||
for the period | 0 0 | (385) | (385) | (79) | (464) |
As At 31 March 2017 | 66,000 102 | 23,051 | 89,153 | (57) | 89,096 |
As At 1 January 2016 Total comprehensive loss | 66,000 | 102 | 22,761 | 88,863 | 77 | 88,940 |
for the period | 0 | 0 | 101 | 101 | 15 | 116 |
As At 31 March 2016 | 66,000 | 102 | 22,862 | 88,964 | 92 | 89,056 |
The unaudited condensed consolidated Statement of Changes in Equity should be read in conjunction with the audited Financial Statements for the financial year ended 31 December 2016 and the accompanying explanatory notes attached to the interim consolidated Financial Statements.
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW
CASH FLOWS FROM OPERATING ACTIVITIES Year To Date Ended 31-Mar-17 31-Mar-16RM'000 RM'000
Profit/(Loss) before taxation (154) 312
Adjustments for:
Amortisation & depreciation 1,285 1,352
Interest expenses 204 262
Interest income (13) 0
Gain on disposal of property, plant & equipment (14) (58)
Property, plant & equipment written off 12 69
Inventories written-off 396 2
Inventories written down441 447 Operating profit before working capital changes 2,157 2,386
Changes in working capital:
Decrease in inventories 14,221 16,454
Increase in receivables 6,885 (796)
Decrease in payables(16,478) (15,508) Cash generated from operations 6,785 2,536
Interest paid (204) (262)
Interest received 13 0
Income tax expense paid(38) (25)
Proceeds from disposal of property, plant & equipment 17 | 83 | ||||
Purchase of property, plant & equipment | (1,110) | (30) | |||
Net cash generated from/(used in) investing activities | (1,093) | 53 | |||
Repayment of bank borrowings (3,305) | (7,283) | ||||
Net cash generated from/(used in) financing activities | (3,305) | (7,283) | |||
Net changes in cash and cash equivalents | 2,158 | (4,981) | |||
Cash and cash equivalents brought forward | 4,344 | 7,464 | |||
Cash and cash equivalents carried forward | 6,502 | 2,483 | |||
Net cash from/(to) operating activities6,556 2,249 CASH FLOWS FROM INVESTING ACTIVITIES
CASH FLOWS FROM FINANCING ACTIVITIESCash and cash equivalents at the end of the financial period comprise of the following:
Fixed deposits | 5,013 | 0 | ||
Cash and bank balances | 2,312 | 2,867 | ||
Bank overdrafts | (823) | (384) | ||
6,502 | 2,483 |
The unaudited condensed consolidated Statement of Cash Flow should be read in conjunction with the audited Financial Statements for the financial year ended 31 December 2016 and the accompanying explanatory notes attached to the interim consolidated Financial Statements.
VOIR Holdings Bhd published this content on 29 May 2017 and is solely responsible for the information contained herein.
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