GENTING MALAYSIA THIRD QUARTERLY REPORT
Quarterly report on consolidated results for the nine months ended 30 September 2021. The figures have not been audited.
CONDENSED CONSOLIDATED INCOME STATEMENT
FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2021
UNAUDITED INDIVIDUAL | UNAUDITED CUMULATIVE | ||||
QUARTER | PERIOD | ||||
Three quarter ended | Nine months ended | ||||
30 September | 30 September | ||||
2021 | 2020 | 2021 | 2020 | ||
RM'000 | RM'000 | RM'000 | RM'000 | ||
Revenue | 826,269 | 1,416,923 | 2,267,487 | 3,487,701 | |
Cost of sales | (891,853) | (1,207,267) | (2,565,491) | (3,634,060) | |
Gross (loss)/profit | (65,584) | 209,656 | (298,004) | (146,359) | |
Other income | 63,731 | 28,696 | 204,805 | 149,419 | |
Other expenses | (243,360) | (300,282) | (766,513) | (800,420) | |
Other (losses)/gains | (7,474) | 10,020 | (14,145) | (1,958) | |
Loss from operations before impairment | |||||
(252,687) | (51,910) | (873,857) | (799,318) | ||
losses | |||||
Impairment losses | (93) | (179,969) | (31,152) | (541,100) | |
Loss from operations | (252,780) | (231,879) | (905,009) | (1,340,418) | |
Finance costs | (95,489) | (67,406) | (277,990) | (271,278) | |
Share of results in an associate | (30,946) | (61,998) | (126,927) | (240,727) | |
Loss before taxation | (379,215) | (361,283) | (1,309,926) | (1,852,423) | |
Taxation | 72,168 | (364,962) | 134,848 | (250,916) | |
Loss for the financial period | (307,047) | (726,245) | (1,175,078) | (2,103,339) | |
Loss attributable to: | |||||
Equity holders of the Company | (289,247) | (704,636) | (1,120,951) | (2,023,014) | |
Non-controlling interests | (17,800) | (21,609) | (54,127) | (80,325) | |
(307,047) | (726,245) | (1,175,078) | (2,103,339) | ||
Loss per share attributable | |||||
to equity holders of the Company: | |||||
Basic loss per share (sen) | (5.12) | (12.46) | (19.83) | (35.79) | |
Diluted loss per share (sen) | (5.12) | (12.46) | (19.83) | (35.79) | |
(The Condensed Consolidated Income Statement should be read in conjunction with the audited Financial Statements for the financial year ended 31 December 2020.)
1
GENTING MALAYSIA BERHAD
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2021
UNAUDITED INDIVIDUAL | UNAUDITED CUMULATIVE | ||||
QUARTER | PERIOD | ||||
Third quarter ended | Nine months ended | ||||
30 September | 30 September | ||||
2021 | 2020 | 2021 | 2020 | ||
RM'000 | RM'000 | RM'000 | RM'000 | ||
Loss for the financial period | (307,047) | (726,245) | (1,175,078) | (2,103,339) | |
Other comprehensive (loss)/income | |||||
Item that will not be reclassified | |||||
subsequently to profit or loss: | |||||
Changes in the fair value of equity | |||||
investments at fair value through other | |||||
comprehensive income | - | - | - | (53,165) | |
Items that may be reclassified | |||||
subsequently to profit or loss: | |||||
Cash flow hedges | |||||
- Fair value gain/(loss) | 383 | (400) | 3,353 | (3,628) | |
Foreign currency exchange differences | |||||
- Exchange differences on translation of | |||||
foreign operations | (39,551) | (150,245) | 318,263 | 49,793 | |
- Reclassification to profit or loss upon | |||||
disposal of a subsidiary | - | - | (29,287) | - | |
(39,551) | (150,245) | 288,976 | 49,793 | ||
Other comprehensive (loss)/income, net | |||||
(39,168) | (150,645) | 292,329 | (7,000) | ||
of tax | |||||
Total comprehensive loss for the | (346,215) | (876,890) | (882,749) | (2,110,339) | |
financial period | |||||
Total comprehensive loss | |||||
attributable to: | |||||
Equity holders of the Company | (325,029) | (866,150) | (810,496) | (2,029,202) | |
Non-controlling interests | (21,186) | (10,740) | (72,253) | (81,137) | |
(346,215) | (876,890) | (882,749) | (2,110,339) | ||
(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 30 SEPTEMBER 2021
UNAUDITED | |||
As at | As at | ||
30.09.2021 | 31.12.2020 | ||
RM'000 | RM'000 | ||
ASSETS | |||
Non-current assets | |||
Property, plant and equipment | 16,222,064 | 16,052,434 | |
Land held for property development | 180,518 | 184,596 | |
Investment properties | 1,828,041 | 1,729,677 | |
Intangible assets | 4,231,492 | 4,247,655 | |
Right-of-use assets | 697,611 | 741,623 | |
Associate | 1,122,995 | 1,052,174 | |
Joint venture | 40 | - | |
Financial assets at fair value through other comprehensive income | 64,889 | 62,320 | |
Financial assets at fair value through profit or loss | 128,905 | 118,072 | |
Other non-current assets | 50,288 | 102,250 | |
Deferred tax assets | 33,135 | 31,664 | |
24,559,978 | 24,322,465 | ||
Current assets | |||
Inventories | 128,878 | 121,393 | |
Trade and other receivables | 660,523 | 563,501 | |
Amounts due from related companies | 9,654 | 28,345 | |
Amounts due from an associate | 27,811 | - | |
Amounts due from a joint venture | 42,800 | - | |
Financial assets at fair value through profit or loss | - | 362,585 | |
Restricted cash | 382 | 29,163 | |
Cash and cash equivalents | 4,589,689 | 2,452,905 | |
5,459,737 | 3,557,892 | ||
Assets classified as held for sale | 127,678 | 406,750 | |
5,587,415 | 3,964,642 | ||
TOTAL ASSETS | 30,147,393 | 28,287,107 | |
EQUITY AND LIABILITIES | |||
Equity attributable to equity holders of the Company | |||
Share capital | 1,764,424 | 1,764,424 | |
Reserves | 12,831,888 | 14,135,312 | |
Treasury shares | (985,868) | (987,934) | |
13,610,444 | 14,911,802 | ||
Non-controlling interests | (483,433) | (411,180) | |
TOTAL EQUITY | 13,127,011 | 14,500,622 | |
Non-current liabilities | |||
Other long term liabilities | 238,939 | 312,112 | |
Long term borrowings | 12,905,979 | 9,069,908 | |
Amount due to a related company | 12,067 | 11,577 | |
Lease liabilities | 652,917 | 705,115 | |
Deferred tax liabilities | 600,952 | 707,208 | |
Derivative financial instruments | 869 | 2,849 | |
14,411,723 | 10,808,769 | ||
Current liabilities | |||
Trade and other payables | 2,229,879 | 2,437,230 | |
Amount due to holding company | 5,721 | 12,919 | |
Amounts due to related companies | 17,475 | 22,015 | |
Amount due to an associate | - | 16,733 | |
Short term borrowings | 203,803 | 319,296 | |
Lease liabilities | 110,978 | 144,098 | |
Derivative financial instruments | 3,051 | 4,248 | |
Taxation | 30,328 | 20,000 | |
2,601,235 | 2,976,539 | ||
Liabilities classified as held for sale | 7,424 | 1,177 | |
2,608,659 | 2,977,716 | ||
TOTAL LIABILITIES | 17,020,382 | 13,786,485 | |
TOTAL EQUITY AND LIABILITIES | 30,147,393 | 28,287,107 | |
NET ASSETS PER SHARE (RM) | 2.41 | 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 NINE MONTHS ENDED 30 SEPTEMBER 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 period | - | - | - | - | - | (1,120,951) | (1,120,951) | (54,127) | (1,175,078) | |
Other comprehensive income/(loss) | - | - | 3,353 | 307,102 | - | - | 310,455 | (18,126) | 292,329 | |
Total comprehensive income/(loss) for the | ||||||||||
financial period | - | - | 3,353 | 307,102 | - | (1,120,951) | (810,496) | (72,253) | (882,749) | |
Transactions with owners: | ||||||||||
Buy-back of shares | - | - | - | - | (21,257) | - | (21,257) | - | (21,257) | |
Performance-based employee share scheme | - | - | - | 10,750 | - | - | 10,750 | - | 10,750 | |
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 | - | - | - | (15,310) | 2,066 | (477,618) | (490,862) | - | (490,862) | |
At 30 September 2021 | 1,764,424 | (83,898) | (3,586) | 1,704,817 | (985,868) | 11,214,555 | 13,610,444 | (483,433) | 13,127,011 | |
(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.)
4
GENTING MALAYSIA BERHAD
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (CONT'D)
FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2020
Attributable to equity holders of the Company | |||||||||
Non- | |||||||||
Fair | Cash Flow | Other | Treasury | Retained | controlling | ||||
Share Capital | Value 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 period | - | - | - | - | - | (2,023,014) | (2,023,014) | (80,325) | (2,103,339) |
Other comprehensive (loss)/income | - | (53,165) | (3,628) | 50,605 | - | - | (6,188) | (812) | (7,000) |
Total comprehensive (loss)/income for the | |||||||||
financial period | - | (53,165) | (3,628) | 50,605 | - | (2,023,014) | (2,029,202) | (81,137) | (2,110,339) |
Transactions with owners:
Buy-back of shares
Performance-based employee share scheme
Employee share scheme shares vested to employees
Transfer of employee share scheme shares purchase price difference on shares vested
Appropriation:
Special single-tier dividend declared for the financial year ended 31 December 2019
Final single-tier dividend declared for the financial year ended 31 December 2019
Final single-tier dividend declared for the financial year ended 31 December 2019
Total transactions with owners
At 30 September 2020
- | - | - | - | (30,145) | - | (30,145) | - | (30,145) |
- | - | - | 28,272 | - | - | 28,272 | - | 28,272 |
- | - | - | (40,305) | 40,305 | - | - | - | - |
- | - | - | (10,492) | - | 10,492 | - | - | - |
- | - | - | - | - | (508,108) | (508,108) | - | (508,108) |
- | - | - | - | - | (282,662) | (282,662) | - | (282,662) |
- | - | - | - | - | (339,194) | (339,194) | - | (339,194) |
- | - | - | (22,525) | 10,160 | (1,119,472) | (1,131,837) | - | (1,131,837) |
1,764,424 | (83,898) | (8,800) | 1,588,935 | (987,934) | 13,063,871 | 15,336,598 | (408,744) | 14,927,854 |
(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 25 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 November 2021 07:29:01 UTC.
