GENTING MALAYSIA FOURTH QUARTERLY REPORT
Quarterly report on consolidated results for the financial year ended 31 December 2021. The figures for the cumulative period for the financial year ended 31 December 2021 have been audited.
CONDENSED CONSOLIDATED INCOME STATEMENT
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021
UNAUDITED INDIVIDUAL | CUMULATIVE | ||||
QUARTER | PERIOD | ||||
Fourth quarter ended | Financial year ended | ||||
31 December | 31 December | ||||
2021 | 2020 | 2021 | 2020 | ||
RM'000 | RM'000 | RM'000 | RM'000 | ||
Revenue | 1,889,177 | 1,041,079 | 4,156,664 | 4,528,780 | |
Cost of sales | (1,435,772) | (995,791) | (4,001,263) | (4,629,851) | |
Gross profit/(loss) | 453,405 | 45,288 | 155,401 | (101,071) | |
Other income | 319,233 | 36,028 | 524,038 | 185,447 | |
Other expenses | (241,647) | (226,992) | (1,008,160) | (1,027,412) | |
Other gains/(losses) | 1,305 | 15,146 | (12,840) | 13,188 | |
Profit/(loss) from operations before | |||||
532,296 | (130,530) | (341,561) | (929,848) | ||
impairment losses | |||||
Impairment losses | (209,360) | (49,553) | (240,512) | (590,653) | |
Profit/(loss) from operations | 322,936 | (180,083) | (582,073) | (1,520,501) | |
Finance costs | (103,871) | (60,574) | (381,861) | (331,852) | |
Share of results in a joint venture | 118 | - | 118 | - | |
Share of results in an associate | (56,908) | (44,432) | (183,835) | (285,159) | |
Profit/(loss) before taxation | 162,275 | (285,089) | (1,147,651) | (2,137,512) | |
Taxation | (38,195) | 26,902 | 96,653 | (224,014) | |
Profit/(loss) for the financial period/year | 124,080 | (258,187) | (1,050,998) | (2,361,526) | |
Profit/(loss) attributable to: | |||||
Equity holders of the Company | 174,119 | (240,848) | (946,832) | (2,263,862) | |
Non-controlling interests | (50,039) | (17,339) | (104,166) | (97,664) | |
124,080 | (258,187) | (1,050,998) | (2,361,526) | ||
Earnings/(loss) per share attributable | |||||
to equity holders of the Company: | |||||
Basic earnings/(loss) per share (sen) | 3.08 | (4.26) | (16.75) | (40.05) | |
Diluted earnings/(loss) per share (sen) | 3.07 | (4.26) | (16.75) | (40.05) | |
(The Condensed Consolidated Income Statement should be read in conjunction with the audited Financial Statements for the financial year ended 31 December 2020.)
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GENTING MALAYSIA BERHAD
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021
UNAUDITED INDIVIDUAL | CUMULATIVE | ||||
QUARTER | PERIOD | ||||
Fourth quarter ended | Financial year ended | ||||
31 December | 31 December | ||||
2021 | 2020 | 2021 | 2020 | ||
RM'000 | RM'000 | RM'000 | RM'000 | ||
Profit/(loss) for the financial period/year | 124,080 | (258,187) | (1,050,998) | (2,361,526) | |
Other comprehensive income/(loss) | |||||
Items that will not be reclassified | |||||
subsequently to profit or loss: | |||||
Actuarial gain/(loss) on retirement benefit | 18,252 | (9,899) | 18,252 | (9,899) | |
liability | |||||
Changes in the fair value of equity | |||||
investments at fair value through other | |||||
comprehensive income | - | - | - | (53,165) | |
18,252 | (9,899) | 18,252 | (63,064) | ||
Items that may be reclassified | |||||
subsequently to profit or loss: | |||||
Cash flow hedges | |||||
- Fair value gain/(loss) | 2,667 | 1,861 | 6,020 | (1,767) | |
Foreign currency exchange differences | |||||
- Exchange differences on translation of | |||||
foreign operations | (22,359) | (165,904) | 295,904 | (116,111) | |
- Reclassification to profit or loss upon | |||||
disposal of subsidiaries | 82 | - | (29,205) | - | |
(22,277) | (165,904) | 266,699 | (116,111) | ||
(19,610) | (164,043) | 272,719 | (117,878) | ||
Other comprehensive income/(loss), net | |||||
(1,358) | (173,942) | 290,971 | (180,942) | ||
of tax | |||||
Total comprehensive income/(loss) for | 122,722 | (432,129) | (760,027) | (2,542,468) | |
the financial period/year | |||||
Total comprehensive income/(loss) | |||||
attributable to: | |||||
Equity holders of the Company | 170,405 | (429,693) | (640,091) | (2,458,895) | |
Non-controlling interests | (47,683) | (2,436) | (119,936) | (83,573) | |
122,722 | (432,129) | (760,027) | (2,542,468) | ||
(The Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the audited Financial Statements for the financial year ended 31 December 2020.)
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GENTING MALAYSIA BERHAD
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021
As at | As at | ||
31.12.2021 | 31.12.2020 | ||
RM'000 | RM'000 | ||
ASSETS | |||
Non-current assets | |||
Property, plant and equipment | 16,007,899 | 16,052,434 | |
Land held for property development | 180,518 | 184,596 | |
Investment properties | 1,835,592 | 1,729,677 | |
Intangible assets | 4,183,372 | 4,247,655 | |
Right-of-use assets | 670,421 | 741,623 | |
Associate | 1,685,494 | 1,052,174 | |
Joint venture | 42,958 | - | |
Financial assets at fair value through other comprehensive income | 64,572 | 62,320 | |
Financial assets at fair value through profit or loss | 130,384 | 118,072 | |
Other non-current assets | 49,161 | 102,250 | |
Deferred tax assets | 34,145 | 31,664 | |
24,884,516 | 24,322,465 | ||
Current assets | |||
Inventories | 126,565 | 121,393 | |
Trade and other receivables | 717,317 | 563,501 | |
Amounts due from related companies | 3,506 | 28,345 | |
Amounts due from an associate | 36,883 | - | |
Financial assets at fair value through profit or loss | - | 362,585 | |
Restricted cash | 379 | 29,163 | |
Cash and cash equivalents | 4,641,026 | 2,452,905 | |
5,525,676 | 3,557,892 | ||
Assets classified as held for sale | - | 406,750 | |
5,525,676 | 3,964,642 | ||
TOTAL ASSETS | 30,410,192 | 28,287,107 | |
EQUITY AND LIABILITIES | |||
Equity attributable to equity holders of the Company | |||
Share capital | 1,764,424 | 1,764,424 | |
Reserves | 13,005,122 | 14,135,312 | |
Treasury shares | (985,868) | (987,934) | |
13,783,678 | 14,911,802 | ||
Non-controlling interests | (531,116) | (411,180) | |
TOTAL EQUITY | 13,252,562 | 14,500,622 | |
Non-current liabilities | |||
Other long-term liabilities | 193,919 | 312,112 | |
Long-term borrowings | 12,650,177 | 9,069,908 | |
Amount due to a related company | 9,272 | 11,577 | |
Lease liabilities | 646,511 | 705,115 | |
Deferred tax liabilities | 611,811 | 707,208 | |
Derivative financial instruments | - | 2,849 | |
14,111,690 | 10,808,769 | ||
Current liabilities | |||
Trade and other payables | 2,482,983 | 2,437,230 | |
Amount due to holding company | 6,831 | 12,919 | |
Amounts due to related companies | 46,736 | 22,015 | |
Amount due to an associate | - | 16,733 | |
Short term borrowings | 385,566 | 319,296 | |
Lease liabilities | 104,118 | 144,098 | |
Derivative financial instruments | 1,259 | 4,248 | |
Taxation | 18,447 | 20,000 | |
3,045,940 | 2,976,539 | ||
Liabilities classified as held for sale | - | 1,177 | |
3,045,940 | 2,977,716 | ||
TOTAL LIABILITIES | 17,157,630 | 13,786,485 | |
TOTAL EQUITY AND LIABILITIES | 30,410,192 | 28,287,107 | |
NET ASSETS PER SHARE (RM) | 2.44 | 2.64 |
(The Condensed Consolidated Statement of Financial Position should be read in conjunction with the audited Financial Statements for the financial year ended 31 December 2020.)
3
GENTING MALAYSIA BERHAD
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021
Attributable to equity holders of the Company | ||||||||||
Fair | Cash Flow | Non- | ||||||||
Share | Value | Hedges | Other | Treasury | Retained | controlling | ||||
Capital | Reserve | Reserve | Reserves | Shares | Earnings | Total | Interests | Total Equity | ||
RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | ||
Balance at 1 January 2021 | 1,764,424 | (83,898) | (6,939) | 1,413,025 | (987,934) | 12,813,124 | 14,911,802 | (411,180) | 14,500,622 | |
Loss for the financial year | - | - | - | - | - | (946,832) | (946,832) | (104,166) | (1,050,998) | |
Other comprehensive income/(loss) | - | - | 6,020 | 282,469 | - | 18,252 | 306,741 | (15,770) | 290,971 | |
Total comprehensive income/(loss) for the | ||||||||||
financial year | - | - | 6,020 | 282,469 | - | (928,580) | (640,091) | (119,936) | (760,027) | |
Transactions with owners: | ||||||||||
Buy-back of shares | - | - | - | - | (21,257) | - | (21,257) | - | (21,257) | |
Performance-based employee share scheme | - | - | - | 13,579 | - | - | 13,579 | - | 13,579 | |
Employee share scheme shares vested to | ||||||||||
employees | - | - | - | (23,323) | 23,323 | - | - | - | - | |
Transfer of employee share scheme shares | ||||||||||
purchase price difference on shares vested | - | - | - | (2,737) | - | 2,737 | - | - | - | |
Appropriation: | ||||||||||
Special single-tier dividend declared for the | ||||||||||
financial year ended 31 December 2020 | - | - | - | - | - | (480,355) | (480,355) | - | (480,355) | |
Total transactions with owners | - | - | - | (12,481) | 2,066 | (477,618) | (488,033) | - | (488,033) | |
Balance at 31 December 2021 | 1,764,424 | (83,898) | (919) | 1,683,013 | (985,868) | 11,406,926 | 13,783,678 | (531,116) | 13,252,562 | |
(The Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the audited Financial Statements for the financial year ended 31 December 2020.)
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GENTING MALAYSIA BERHAD
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020
Attributable to equity holders of the Company | ||||||||||
Fair | Non- | |||||||||
Share | Value | Cash Flow | Other | Treasury | Retained | controlling | ||||
Capital | Reserve | Hedges Reserve | Reserves | Shares | Earnings | Total | Interests | Total Equity | ||
RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | ||
Balance at 1 January 2020 | 1,764,424 | (30,733) | (5,172) | 1,560,855 | (998,094) | 16,206,357 | 18,497,637 | (327,607) | 18,170,030 | |
(Loss) for the financial year | - | - | - | - | - | (2,263,862) | (2,263,862) | (97,664) | (2,361,526) | |
Other comprehensive (loss)/income | - | (53,165) | (1,767) | (130,202) | - | (9,899) | (195,033) | 14,091 | (180,942) | |
Total comprehensive (loss)/income for the | ||||||||||
financial year | - | (53,165) | (1,767) | (130,202) | - | (2,273,761) | (2,458,895) | (83,573) | (2,542,468) | |
Transactions with owners: | ||||||||||
Buy-back of shares | - | - | - | - | (30,145) | - | (30,145) | - | (30,145) | |
Performance-based employee share scheme | - | - | - | 33,169 | - | - | 33,169 | - | 33,169 | |
Employee share scheme shares vested to | ||||||||||
employees | - | - | - | (40,305) | 40,305 | - | - | - | - | |
Transfer of employee share scheme shares | ||||||||||
purchase price difference on shares vested | - | - | - | (10,492) | - | 10,492 | - | - | - | |
Appropriation: | ||||||||||
Special single-tier dividend declared for the | ||||||||||
financial year ended 31 December 2019 | - | - | - | - | - | (508,108) | (508,108) | - | (508,108) | |
Final single-tier dividend declared for the financial | ||||||||||
year ended 31 December 2019 | - | - | - | - | - | (282,662) | (282,662) | - | (282,662) | |
Interim single-tier dividend declared for the year | ||||||||||
ended 31 December 2020 | - | - | - | - | - | (339,194) | (339,194) | - | (339,194) | |
Total transactions with owners | - | - | - | (17,628) | 10,160 | (1,119,472) | (1,126,940) | - | (1,126,940) | |
At 31 December 2020 | 1,764,424 | (83,898) | (6,939) | 1,413,025 | (987,934) | 12,813,124 | 14,911,802 | (411,180) | 14,500,622 | |
(The Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the audited Financial Statements for the financial year ended 31 December 2020.)
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Genting Malaysia Bhd published this content on 24 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 February 2022 04:01:01 UTC.
