BRITISH AMERICAN TOBACCO (MALAYSIA) BRITISH AMERICAN TOBACCO (MALAYSIA) BERHAD
UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE QUARTER ENDED 30 JUNE 2022
BRITISH AMERICAN TOBACCO (MALAYSIA) BERHAD
Registration No. 196101000326 (4372-M)
British American Tobacco (Malaysia) Berhad
Registration No. 196101000326 (4372-M)
UNAUDITED CONDENSED CONSOLIDATED INCOME STATEMENT
FOR THE QUARTER AND PERIOD ENDED 30 JUNE 2022
Individual period | Cumulative period | ||||
3 months ended | 6 months ended | ||||
Note | 30.6.2022 | 30.6.2021 | 30.6.2022 | 30.6.2021 | |
RM'000 | RM'000 | RM'000 | RM'000 | ||
Revenue | 637,457 | 595,798 | 1,159,016 | 1,162,350 | |
Cost of sales | (469,493) | (446,003) | (861,463) | (870,064) | |
Gross profit | 167,964 | 149,795 | 297,553 | 292,286 | |
Other operating income | 1,231 | 91 | 1,848 | 374 | |
Operating expenses | (60,581) | (43,291) | (108,732) | (99,308) | |
Profit from operations | 108,614 | 106,595 | 190,669 | 193,352 | |
Finance costs | (5,388) | (3,972) | (10,367) | (7,670) | |
Profit before tax | B2 | 103,226 | 102,623 | 180,302 | 185,682 |
Tax expense | B3 | (29,977) | (31,005) | (54,765) | (50,951) |
Profit after tax | 73,249 | 71,618 | 125,537 | 134,731 | |
Profit attributable to the | |||||
shareholders of the Company | 73,249 | 71,618 | 125,537 | 134,731 | |
Effective tax rate | 29.0% | 30.2% | 30.4% | 27.4% | |
EPS | B10 | 25.7 | 25.1 | 44.0 | 47.2 |
Dividends | |||||
- Interim 1 | - | - | 17 | 21 | |
- Interim 2 | 25 | 24 | 25 | 24 | |
25 | 24 | 42 | 45 |
The unaudited Condensed Consolidated Income Statement should be read in conjunction with the Annual Audited Financial Statements of the Group for the year ended 31 December 2021.
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British American Tobacco (Malaysia) Berhad
Registration No. 196101000326 (4372-M)
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE QUARTER AND PERIOD ENDED 30 JUNE 2022
Individual period | Cumulative period | |||
3 months ended | 6 months ended | |||
30.6.2022 | 30.6.2021 | 30.6.2022 | 30.6.2021 | |
RM'000 | RM'000 | RM'000 | RM'000 | |
Profit after tax | 73,249 | 71,618 | 125,537 | 134,731 |
Other comprehensive income, | ||||
net of tax | ||||
Items that may be subsequently | ||||
reclassified to income statement | ||||
- changes in fair value of | ||||
cash flow hedges | 5,860 | 547 | 5,937 | 6,525 |
- deferred tax on fair value changes | ||||
of cash flow hedges | (1,406) | (132) | (1,424) | (1,566) |
Total other comprehensive | ||||
income, net of tax | 4,454 | 415 | 4,513 | 4,959 |
Total comprehensive income | 77,703 | 72,033 | 130,050 | 139,690 |
Profit attributable to: | ||||
Shareholders of the Company | 73,249 | 71,618 | 125,537 | 134,731 |
Total comprehensive income | ||||
attributable to: | ||||
Shareholders of the Company | 77,703 | 72,033 | 130,050 | 139,690 |
The unaudited Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the Annual Audited Financial Statements of the Group for the year ended 31 December 2021.
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British American Tobacco (Malaysia) Berhad
Registration No. 196101000326 (4372-M)
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET
AS AT 30 JUNE 2022
As at | As at | ||
30.6.2022 | 31.12.2021 | ||
Note | RM'000 | RM'000 | |
Assets | |||
Property, plant and equipment | 54,318 | 46,445 | |
Computer software | 3,137 | 3,271 | |
Goodwill | 411,618 | 411,618 | |
Deferred tax assets | - | 6,220 | |
Total non-current assets | 469,073 | 467,554 | |
Inventories | 214,185 | 177,641 | |
Tax recoverable | 1,525 | 1,540 | |
Trade and other receivables | 650,477 | 723,030 | |
Derivative financial instruments | 5,932 | 456 | |
Cash and bank balances | 56,283 | 21,827 | |
Total current assets | 928,402 | 924,494 | |
Total assets | 1,397,475 | 1,392,048 | |
Equity | |||
Share capital | 142,765 | 142,765 | |
Cash flow hedge reserve | 4,183 | (330) | |
Retained earnings | 239,991 | 240,087 | |
Total equity | 386,939 | 382,522 | |
Liabilities | |||
Lease liabilities | 22,959 | 14,638 | |
Deferred tax liabilities | 492 | - | |
Total non-current liabilities | 23,451 | 14,638 | |
Trade and other payables | 160,892 | 190,960 | |
Borrowings | B5 | 775,000 | 775,000 |
Derivative financial instruments | 248 | 842 | |
Current tax liabilities | 40,973 | 22,812 | |
Lease liabilities | 9,972 | 5,274 | |
Total current liabilities | 987,085 | 994,888 | |
Total liabilities | 1,010,536 | 1,009,526 | |
Total equity and liabilities | 1,397,475 | 1,392,048 | |
Net assets per share (RM) | 1.36 | 1.34 |
The unaudited Condensed Consolidated Balance Sheet should be read in conjunction with the Annual Audited Financial Statements of the Group for the year ended 31 December 2021.
3
British American Tobacco (Malaysia) Berhad
Registration No. 196101000326 (4372-M)
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 JUNE 2022
Non-distributable | Distributable | ||||
Cash flow | Share-based | ||||
Share | hedge | payment | Retained | Total | |
Capital | reserve | reserve | earnings | Equity | |
RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | |
At 1 January 2022 | 142,765 | (330) | - | 240,087 | 382,522 |
Profit after tax | - | - | - | 125,537 | 125,537 |
Other comprehensive income/(expense): | |||||
- changes in fair value of cash flow hedges | - | 5,937 | - | - | 5,937 |
- deferred tax on fair value changes on | |||||
cash flow hedges | - | (1,424) | - | - | (1,424) |
Total comprehensive income | - | 4,513 | - | 125,537 | 130,050 |
Transaction with shareholders: | |||||
Dividend for financial year | |||||
ended 31 December 2021 | |||||
- fourth interim | - | - | - | (77,093) | (77,093) |
Dividend for financial year | |||||
ended 31 December 2022 | |||||
- first interim | - | - | - | (48,540) | (48,540) |
Total transactions with shareholders | |||||
of the Company | - | - | - | (125,633) | (125,633) |
At 30 June 2022 | 142,765 | 4,183 | - | 239,991 | 386,939 |
At 1 January 2021 | 142,765 | (5,171) | - | 235,045 | 372,639 |
Profit after tax | - | - | - | 134,731 | 134,731 |
Other comprehensive income/(expense): | |||||
- changes in fair value of cash flow hedges | - | 6,525 | - | - | 6,525 |
- deferred tax on fair value changes on | |||||
cash flow hedges | - | (1,566) | - | - | (1,566) |
Total comprehensive income | - | 4,959 | - | 134,731 | 139,690 |
Transaction with shareholders: | |||||
Dividend for financial year | |||||
ended 31 December 2020 | |||||
- fourth interim | - | - | - | (77,093) | (77,093) |
Dividend for financial year | |||||
ended 31 December 2021 | |||||
- first interim | - | - | - | (59,961) | (59,961) |
Total transactions with shareholders | |||||
of the Company | - | - | - | (137,054) | (137,054) |
At 30 June 2021 | 142,765 | (212) | - | 232,722 | 375,275 |
The unaudited Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the Annual Audited Financial Statements of the Group for the year ended 31 December 2021.
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British American Tobacco (M) Bhd published this content on 22 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 July 2022 02:13:01 UTC.
