DUTCH LADY MILK INDUSTRIES DUTCH LADY MILK INDUSTRIES BERHAD (5063-V)
(Incorporated in Malaysia)
CONDENSED STATEMENT OF COMPREHENSIVE INCOME
For the financial quarter ended 30 June 2021
INDIVIDUAL QUARTER | CUMULATIVE QUARTER | ||||||
CURRENT | COMPARATIVE | 6 months | 6 months | ||||
QUARTER | QUARTER | TO DATE | TO DATE | ||||
30/06/21 | 30/06/20 | 30/06/21 | 30/06/20 | ||||
(Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | ||||
RM'000 | RM'000 | RM'000 | RM'000 | ||||
Revenue | 284,038 | 273,524 | 542,674 | 524,694 | |||
Cost of Sales | (181,478) | (185,488) | (353,156) | (348,970) | |||
Gross Profit | 102,560 | 88,036 | 189,518 | 175,724 | |||
Other Income | 1,797 | 1,341 | 2,983 | 6,516 | |||
Distribution Expenses | (40,330) | (34,578) | (76,744) | (71,238) | |||
Administrative Expenses | (8,330) | (7,453) | (14,949) | (16,118) | |||
Other Operating Expenses | (19,778) | (18,674) | (41,895) | (35,490) | |||
Results from Operating Activities | 35,919 | 28,672 | 58,913 | 59,394 | |||
Interest Income | 329 | 162 | 420 | 335 | |||
Finance Costs | (793) | (809) | (1,561) | (1,598) | |||
Profit Before Taxation | 35,455 | 28,025 | 57,772 | 58,131 | |||
Income Tax Expenses | (8,170) | (6,793) | (13,611) | (14,165) | |||
Profit After Taxation | 27,285 | 21,232 | 44,161 | 43,966 | |||
Profit for the period/Total comprehensive | |||||||
income for the period | 27,285 | 21,232 | 44,161 | 43,966 | |||
Profit Attributable to: | |||||||
Equity holders of the Company | 27,285 | 21,232 | 44,161 | 43,966 | |||
Non-controlling interest | - | - | - | - | |||
27,285 | 21,232 | 44,161 | 43,966 | ||||
EARNINGS PER SHARE | |||||||
- Basic earnings per share (sen) | 42.60 | 33.20 | 69.00 | 68.70 | |||
(Based on 64,000,000 ordinary shares) | |||||||
(The Condensed Statement of Comprehensive Income should be read in conjunction with the Audited Financial Statements for the year ended 31 December 2020)
Page 1
DUTCH LADY MILK INDUSTRIES BERHAD (5063-V)
(Incorporated in Malaysia)
CONDENSED STATEMENT OF FINANCIAL POSITION
For the financial quarter ended 30 June 2021
AS AT | AS AT | |||
30/06/21 | 31/12/20 | |||
RM'000 | RM'000 | |||
(Unaudited) | (Audited) | |||
ASSETS | ||||
A01. Pr | Property, plant and equipment | |||
175,185 | 199,721 | |||
A01. Ri | Right-of-use assets | 8,195 | 9,732 | |
A02. In | Intangible assets | 867 | 957 | |
TOTAL NON-CURRENT ASSETS | ||||
184,247 | 210,410 | |||
A03. In | Inventories | |||
164,762 | 151,016 | |||
A04. Tr | Trade and other receivables | 74,781 | 81,501 | |
A05. Pr | Prepayments | 1,640 | 311 | |
A07. Ca | Cash and cash equivalents | 90,672 | 55,605 | |
A06. De | Derivatives financial assets | 1,321 | 2 | |
CURRENT ASSETS | ||||
333,176 | 288,435 | |||
A08. A Assets classified as held for sale | 18,784 | - | ||
TOTAL CURRENT ASSETS | ||||
351,960 | 288,435 | |||
TOTAL ASSETS | 536,207 | 498,845 | ||
EQUITY | ||||
E01. Sh | Share capital | |||
64,000 | 64,000 | |||
E02. Re | Retained profits | 130,741 | 102,580 | |
Attributable to equity holders of the Company | ||||
194,741 | 166,580 | |||
TOTAL EQUITY | ||||
194,741 | 166,580 | |||
LIABILITIES | ||||
L07. No | Lease Liabilities | |||
2,192 | 3,590 | |||
L01. De | Deferred tax liabilities | 1,409 | 4,494 | |
TOTAL NON-CURRENT LIABILITIES | ||||
3,601 | 8,084 | |||
L02. Tr | Trade and other payables | |||
322,136 | 295,492 | |||
L03. Pr | Provision | 81 | 228 | |
L05. Cu | Current tax liabilities | 12,774 | 6,723 | |
L06. Ba | Bank overdraft | - | 16,705 | |
L08. Cu | Lease Liabilities | 2,874 | 2,893 | |
L04. De | Derivatives financial liabilities | - | 2,140 | |
CURRENT LIABILITIES | ||||
337,865 | 324,181 | |||
TOTAL LIABILITIES | 341,466 | 332,265 | ||
TOTAL EQUITY AND LIABILITIES | 536,207 | 498,845 | ||
Net assets per share attributable to ordinary | 3.04 | 2.60 | ||
equity holders of the Company (RM) | ||||
(The Condensed Statement of Financial Position should be read in conjunction with the Audited Financial Statements for the year ended 31 December 2020)
Page 2
DUTCH LADY MILK INDUSTRIES BERHAD (5063-V)
(Incorporated in Malaysia)
CONDENSED STATEMENT OF CHANGES IN EQUITY
For the financial quarter ended 30 June 2021
(The figures have not been audited)
Attributable | |||||||||
Distributable | to equity | Non- | |||||||
Share | Retained | holders of | Controlling | ||||||
Capital | profits | the Company | Interest | Total | |||||
RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | |||||
6 months | |||||||||
ended 30 June 2021 | |||||||||
Balance at | |||||||||
beginning of period | 64,000 | 102,580 | 166,580 | - | 166,580 | ||||
Movements | |||||||||
during the period | - | 44,161 | 44,161 | - | 44,161 | ||||
Dividend payable | - | - | - | - | - | ||||
Dividends paid | - | (16,000) | (16,000) | - | (16,000) | ||||
Balance at | |||||||||
end of period | 64,000 | 130,741 | 194,741 | - | 194,741 | ||||
FALSE | |||||||||
6 months | |||||||||
ended 30 June 2020 | |||||||||
Balance at | |||||||||
beginning of period | 64,000 | 80,417 | 144,417 | - | 144,417 | ||||
Movements | |||||||||
during the period | - | 43,966 | 43,966 | - | 43,966 | ||||
Dividend payable | - | - | - | - | - | ||||
Dividends paid | - | - | - | - | - | ||||
Balance at | |||||||||
end of period | 64,000 | 124,383 | 188,383 | - | 188,383 | ||||
(The Condensed Statement of Changes in Equity should be read in conjunction with the Audited Financial Statements for the year ended 31 December 2020)
Page 3
DUTCH LADY MILK INDUSTRIES BERHAD (5063-V)
(Incorporated in Malaysia)
CONDENSED STATEMENT OF CASH FLOW
For the financial quarter ended 30 June 2021
6 months | 6 months | ||
TO DATE | TO DATE | ||
30/06/21 | 30/06/20 | ||
(Unaudited) | (Audited) | ||
RM'000 | RM'000 | ||
CASH FLOWS FROM OPERATING ACTIVITIES | |||
Cash receipts from customers and other receivables | 549,732 | 546,159 | |
Cash paid to suppliers and employees | (458,026) | (498,683) | |
Cash generated from operations | 91,706 | 47,476 | |
Income tax paid | (10,645) | (11,157) | |
Net cash generated from operating activities | 81,061 | 36,319 | |
CASH FLOWS FROM INVESTING ACTIVITIES | |||
Additions of property, plant and equipment | (10,654) | (17,660) | |
Additions of intangible assets | (24) | (244) | |
Proceeds from disposal of property, plant and equipment | - | (37) | |
Interest received | 420 | 335 | |
Net cash (used in)/generated from investing activities | (10,258) | (17,606) | |
CASH FLOWS FROM FINANCING ACTIVITIES | |||
Interest paid | (1,486) | (1,475) | |
Dividends paid | (16,000) | - | |
Payment of principal portion of lease liabilities | (1,545) | (1,237) | |
Net cash used in financing activities | (19,031) | (2,712) | |
Net increase/(decrease) in cash and cash equivalents | 51,772 | 16,001 | |
Cash and cash equivalents brought forward | 38,900 | 44,808 | |
Cash and cash equivalents carried forward | 90,672 | 60,809 | |
Cash and cash equivalents consist of: | |||
Cash and bank balances | 90,672 | 78,404 | |
Bank overdraft | - | (17,595) | |
90,672 | 60,809 | ||
(The Condensed Statement of Cash Flows should be read in conjunction with the Audited Financial Statements for the year ended 31 December 2020)
Page 4
DUTCH LADY MILK INDUSTRIES BERHAD (5063-V)
(Incorporated in Malaysia)
NOTES
-
Basis of Preparation
The interim financial report is unaudited and has been prepared in accordance with the applicable disclosure provisions of the Listing Requirements of the Bursa Malaysia Securities Berhad and MFRS 134, 'Interim Financial Reporting' in Malaysia and with IAS 34 'Interim Financial Reporting'. They do not include all of the information required for full annual financial statements and should be read in conjunction with the most recent audited financial statements of the Company as at and for the year ended 31 December 2020.
The accounting policies and methods of computation are consistent with those adopted in the most recent audited financial statements for the year ended 31 December 2020. - Auditors' Report of Preceding Annual Financial Statements
The auditors' report of the Company in respect of the annual audited financial statements for the year ended 31 December 2020 was not subject to any audit qualification. - Seasonal and Cyclical Factors
The dairy and dairy related business can be influenced by the weather and major festivals. - Unusual Items
There were no unusual items affecting assets, liabilities, equity, net income or cash flows during the financial period under review. - Changes in Estimates
Pursuant to the Company's announced investment in our future manufacturing activities,
DLMI has identified assets in its Petaling Jaya factory that will not be transitioned to the new site. In light of this, DLMI has started to perform accelerated depreciation for the mentioned assets at the start of the financial year.
Pursuant to the company's circular dated 9 June 2021 with respect to the proposed disposal of lands held together with the buildings erected thereon, the said land and buildings are reclassified from Property, Plant and Equipment within Fixed Assets to Assets Held For sale within Current Assets.
Other than the afore-mentioned, there were no other changes in estimates of amounts reported in the current quarter or changes in estimates of amounts reported in prior financial years that have a material effect in the current quarter.
Notes to the Financial Statements - Pg. 5
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Dutch Lady Milk Industries Bhd published this content on 26 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 August 2021 11:50:03 UTC.
