FGV HOLDINGS FGV HOLDINGS BERHAD
200701042133 (800165-P)
QUARTERLY REPORT
Condensed Consolidated Financial Statements For The Financial Period Ended 31 March 2023
1
FGV HOLDINGS BERHAD
Unaudited Condensed Consolidated Statement of Comprehensive Income for the Quarter ended 31 March 2023
Year to date ended
31 March
Note | |
Revenue | |
Cost of sales | |
Gross profit | |
Other operating income | |
Selling and distribution costs | |
Administrative expenses | |
Impairment loss of financial assets (net) | |
Other operating expenses | |
Commodity gains - net | |
Operating profit | |
Fair value changes in Land Lease Agreement ("LLA") | |
liability | |
Operating profit after LLA | 15 |
Finance income | |
Finance costs | |
Share of results from associates | |
Share of results from joint ventures | |
Profit before zakat and taxation | |
Zakat | |
Taxation | 16 |
Profit for the financial period
Profit/(loss) attributable to: - Owners of the Company
- Non-controlling interests
Other comprehensive income/(loss) Actuarial gains on defined benefit plan
Fair value changes of financial assets at fair value through other comprehensive income ("FVOCI")
Share of other comprehensive (loss)/income of joint ventures
Currency translation differences
Realisation of forex exchange reserve upon liquidation of a subsidiary
Cash flow hedges
Other comprehensive income for the financial period, net of tax
Total comprehensive (loss)/income for the financial period Total comprehensive (loss)/income attributable to:
- Owners of the Company
- Non-controllinginterests
Total comprehensive (loss)/income for the financial period
2023
RM'000
4,592,595
(4,288,402)
304,193
42,580
(37,376)
(204,037)
(375)
(4,045)
7,818
108,758
(32,155)
76,603
5,301
(28,996)
(393)
7,347
59,862
(511)
(51,308)
8,043
12,092
(4,049)
8,043
105
3,191
(167)
(18,090)
970
25
(13,966)
(5,923)
4,186
(10,109)
(5,923)
2022 | % | |
RM'000 | +/(-) | |
5,853,761 | (21.5) | |
(5,015,040) | ||
838,721 | (63.7) | |
29,915 | ||
(37,171) | ||
(186,572) | ||
(7,989) | ||
(2,425) | ||
33,853 | ||
668,332 | (83.7) | |
(159,140) | ||
509,192 | (85.0) | |
4,186 | ||
(35,682) | ||
474 | ||
22,893 | ||
501,063 | (88.1) | |
(1,157) | ||
(133,326) | ||
366,580 | (97.8) | |
369,236 | (96.7) | |
(2,656) | ||
366,580 | (97.8) | |
57 | ||
6,084 | ||
1,395 | ||
1,559 | ||
- | ||
391 | ||
9,486 | ||
376,066 | <100 | |
380,774 | (98.9) | |
(4,708) | ||
376,066 | <100 |
Earnings per share for profit attributable to the Owners | |
of the Company: | |
Basic (sen) | 20 |
0.310.1
The unaudited Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the accompanying explanatory notes attached to this quarterly report and the audited financial statements for the financial year ended 31 December 2022.
2
FGV HOLDINGS BERHAD
Unaudited Condensed Consolidated Statement of Financial Position as at 31 March 2023
Non-current assets
Property, plant and equipment Right-of-use assets Investment properties Intangible assets
Interests in associates Interests in joint ventures Deposit and other receivables Deferred tax assets
Financial assets at fair value through profit or loss Financial assets through other comprehensive income
Biological assets
Current assets
Inventories
Receivables Biological assets
Amount due from ultimate holding company Amounts due from joint ventures
Amount due from an associate Amounts due from related companies Tax recoverable
Financial assets at fair value through profit or loss Derivative financial assets
Contract assets
Deposits, cash and bank balances
Assets held for sale
Total assets
Equity
Share capital
Reserves
Equity attributable to owners of the Company
Non-controlling interests
Total equity
Note
19
19
19
18
Unaudited As at
31 March 2023
RM'000
7,766,158
2,135,691
71,866
938,450
63,238
575,665
122,970
171,426
5,140
165,983
934
12,017,521
1,951,461
1,283,521
79,945
46,254
126,839
38
312,245
14,123
65,739
10,955
43,347
1,535,865
5,470,332
19,080
5,489,412
17,506,933
7,029,889
(1,195,343)
5,834,546
1,641,858
7,476,404
Audited
As at
31 December 2022
RM'000
7,727,964
2,150,803
73,779
939,983
63,631
567,412
123,557
231,316
6,588
162,670
1,491
12,049,194
2,361,423
1,615,069
86,698
25,654
146,887
4,300
260,895
10,129
74,767
3,165
47,298
1,397,106
6,033,391
28,041
6,061,432
18,110,626
7,029,889
(798,232)
6,231,657
1,653,028
7,884,685
3
FGV HOLDINGS BERHAD
Unaudited Condensed Consolidated Statement of Financial Position as at 31 March 2023 (continued)
Note | |
Non-current liabilities | |
Borrowings | 17 |
LLA liability | |
Derivative financial liabilities | 18 |
Provision for asset retirement | |
Provision for defined benefit plan | |
Lease liability | |
Deferred tax liabilities | |
Current liabilities | |
Payables | |
Loans due to ultimate holding company | 17 |
Amount due to ultimate holding company | |
Amounts due to joint ventures | |
Amounts due to associates | |
Amounts due to related companies | |
Borrowings | 17 |
Derivative financial liabilities | 18 |
Provision for asset retirement |
Lease liability
LLA liability
Contract liabilities
Current tax liabilities
Dividend payable
Total liabilities
Total equity and liabilities
Net assets per share attributable to owners of the Company
Unaudited
As at
31 March
2023
RM'000
819,949
3,112,084
138
32,263
48,080
285,551
545,120
4,843,185
1,427,294
337,496
167,777
127
694
5,370
2,109,707
10,489
707
34,186
489,916
151,936
50,348
401,297
5,187,344
10,030,529
17,506,933
1.60
Audited
As at
31 December
2022
RM'000
844,066
3,264,463
193
32,119
47,981
293,738
577,718
5,060,278
1,941,029
333,316
239,203
42
331
24,350
1,881,578
17,742
702
37,621
415,891
109,359
164,499
-
5,165,663
10,225,941
18,110,626
1.71
The unaudited Condensed Consolidated Statement of Financial Position should be read in conjunction with the accompanying explanatory notes attached to this quarterly report and the audited financial statements for the financial year ended 31 December 2022.
4
FGV HOLDINGS BERHAD
Unaudited Condensed Consolidated Statement of Changes in Equity
Year to date ended 31 March 2023
At 1 January 2023
Foreign | Re- | Non- | |||||
Share | exchange | organisation | Other | Retained | controlling | Total | |
capital | Reserve | reserve | Reserves | Earnings | Total | interests | Equity |
RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 |
7,029,889 | 68,156 | (3,089,497) | 29,495 | 2,193,614 | 6,231,657 | 1,653,028 | 7,884,685 |
Profit/(loss) for the financial period | - | - | - | - | 12,092 | 12,092 | (4,049) | 8,043 |
Other comprehensive income/(loss) for the financial period, net of tax:
Items that will not be reclassified to profit or loss
- actuarial gain on defined benefit plan
-
fair value changes in financial assets at
FVOCI
- | - | - | - | 105 | 105 | - | 105 |
- | - | - | 3,248 | - | 3,248 | (57) | 3,191 |
Items that will be subsequently reclassified to profit or loss
- currency translation differences
- share of other comprehensive loss of joint ventures
- realisation of forex exchange reserve upon liquidation of a subsidiary
- cash flow hedge reserves
Total other comprehensive (loss)/income for the financial period
Transactions with owners
Dividend payable for the financial year ended 31 December 2022 (final)
Liquidation of subsidiary
Total transactions with owners
At 31 March 2023
- | (12,075) | - | - | - | (12,075) | (6,015) | (18,090) |
- | (167) | - | - | - | (167) | - | (167) |
- | 970 | - | - | - | 970 | - | 970 |
- | - | - | 13 | - | 13 | 12 | 25 |
- | (11,272) | - | 13 | - | (11,259) | (6,003) | (17,262) |
- | (11,272) | - | 3,261 | 12,127 | 4,186 | (10,109) | (5,923) |
- | - | - | - | (401,297) | (401,297) | - | (401,297) |
- | - | - | - | - | - | (1,061) | (1,061) |
- | - | - | - | (401,297) | (401,297) | (1,061) | (402,358) |
7,029,889 | 56,884 | (3,089,497) | 32,756 | 1,804,514 | 5,834,546 | 1,641,858 | 7,476,404 |
5
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Disclaimer
FGV Holdings Bhd published this content on 30 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 May 2023 18:20:23 UTC.
