GENTING MALAYSIA FIRST QUARTERLY REPORT
Quarterly report on consolidated results for the three months ended 31 March 2022. The figures have not been audited.
CONDENSED CONSOLIDATED INCOME STATEMENT
FOR THE THREE MONTHS ENDED 31 MARCH 2022
UNAUDITED INDIVIDUAL | UNAUDITED CUMULATIVE | ||||
QUARTER | PERIOD | ||||
First quarter ended | Three months ended | ||||
31 March | 31 March | ||||
2022 | 2021 | 2022 | 2021 | ||
RM'000 | RM'000 | RM'000 | RM'000 | ||
Revenue | 1,721,299 | 623,350 | 1,721,299 | 623,350 | |
Cost of sales | (1,393,536) | (812,937) | (1,393,536) | (812,937) | |
Gross profit/(loss) | 327,763 | (189,587) | 327,763 | (189,587) | |
Other income | 77,796 | 44,378 | 77,796 | 44,378 | |
Other expenses | (286,602) | (265,344) | (286,602) | (265,344) | |
Other losses | (16,240) | (14,484) | (16,240) | (14,484) | |
Profit/(loss) from operations before | |||||
102,717 | (425,037) | 102,717 | (425,037) | ||
impairment losses | |||||
Impairment losses | - | (7,285) | - | (7,285) | |
Profit/(loss) from operations | 102,717 | (432,322) | 102,717 | (432,322) | |
Finance costs | (169,538) | (81,991) | (169,538) | (81,991) | |
Share of results in an associate | (49,251) | (45,363) | (49,251) | (45,363) | |
Loss before taxation | (116,072) | (559,676) | (116,072) | (559,676) | |
Taxation | (31,791) | 58,361 | (31,791) | 58,361 | |
Loss for the financial period | (147,863) | (501,315) | (147,863) | (501,315) | |
Loss attributable to: | |||||
Equity holders of the Company | (126,527) | (483,591) | (126,527) | (483,591) | |
Non-controlling interests | (21,336) | (17,724) | (21,336) | (17,724) | |
(147,863) | (501,315) | (147,863) | (501,315) | ||
Loss per share attributable | |||||
to equity holders of the Company: | |||||
Basic loss per share (sen) | (2.24) | (8.55) | (2.24) | (8.55) | |
Diluted loss per share (sen) | (2.24) | (8.55) | (2.24) | (8.55) | |
(The Condensed Consolidated Income Statement should be read in conjunction with the audited Financial Statements for the financial year ended 31 December 2021.)
1
GENTING MALAYSIA BERHAD
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE THREE MONTHS ENDED 31 MARCH 2022
UNAUDITED INDIVIDUAL | UNAUDITED CUMULATIVE | ||||
QUARTER | PERIOD | ||||
First quarter ended | Three months ended | ||||
31 March | 31 March | ||||
2022 | 2021 | 2022 | 2021 | ||
RM'000 | RM'000 | RM'000 | RM'000 | ||
Loss for the financial period | (147,863) | (501,315) | (147,863) | (501,315) | |
Other comprehensive income/(loss) |
Items that may be reclassified subsequently to profit or loss:
Cash flow hedges
- Fair value gain
Foreign currency exchange differences
- Exchange differences on translation of foreign operations
Other comprehensive (loss)/income, net of tax
Total comprehensive loss for the financial period
Total comprehensive loss attributable to:
Equity holders of the Company
Non-controlling interests
851585
(30,539) 303,471
(29,688) 304,056
(177,551) (197,259)
(151,040) (166,248)
(26,511) (31,011)
(177,551) (197,259)
851585
(30,539) 303,471
(29,688) 304,056
(177,551) (197,259)
(151,040) (166,248)
(26,511) (31,011)
(177,551) (197,259)
(The Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the audited Financial Statements for the financial year ended 31 December 2021.)
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GENTING MALAYSIA BERHAD
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2022
UNAUDITED | |||
As at | As at | ||
31.03.2022 | 31.12.2021 | ||
RM'000 | RM'000 | ||
ASSETS | |||
Non-current assets | |||
Property, plant and equipment | 15,893,942 | 16,007,899 | |
Land held for property development | 180,518 | 180,518 | |
Investment properties | 1,897,719 | 1,835,592 | |
Intangible assets | 4,135,404 | 4,183,372 | |
Right-of-use assets | 640,288 | 670,421 | |
Associate | 1,652,252 | 1,685,494 | |
Joint venture | 42,958 | 42,958 | |
Financial assets at fair value through other comprehensive income | 65,177 | 64,572 | |
Financial assets at fair value through profit or loss | 127,608 | 130,384 | |
Other non-current assets | 49,169 | 49,161 | |
Deferred tax assets | 38,339 | 34,145 | |
24,723,374 | 24,884,516 | ||
Current assets | |||
Inventories | 126,767 | 126,565 | |
Trade and other receivables | 757,260 | 717,317 | |
Amounts due from related companies | 14,162 | 3,506 | |
Amounts due from an associate | 40,339 | 36,883 | |
Restricted cash | 379 | 379 | |
Cash and cash equivalents | 2,611,926 | 4,641,026 | |
3,550,833 | 5,525,676 | ||
TOTAL ASSETS | 28,274,207 | 30,410,192 | |
EQUITY AND LIABILITIES | |||
Equity attributable to equity holders of the Company | |||
Share capital | 1,764,424 | 1,764,424 | |
Reserves | 12,305,155 | 13,005,122 | |
Treasury shares | (944,409) | (985,868) | |
13,125,170 | 13,783,678 | ||
Non-controlling interests | (557,627) | (531,116) | |
TOTAL EQUITY | 12,567,543 | 13,252,562 | |
Non-current liabilities | |||
Other long-term liabilities | 188,344 | 193,919 | |
Long term borrowings | 11,325,558 | 12,650,177 | |
Amount due to a related company | 9,361 | 9,272 | |
Lease liabilities | 617,018 | 646,511 | |
Deferred tax liabilities | 628,553 | 611,811 | |
12,768,834 | 14,111,690 | ||
Current liabilities | |||
Trade and other payables | 2,454,571 | 2,482,983 | |
Amount due to holding company | 10,226 | 6,831 | |
Amounts due to related companies | 42,497 | 46,736 | |
Short term borrowings | 326,327 | 385,566 | |
Lease liabilities | 85,816 | 104,118 | |
Derivative financial instruments | 383 | 1,259 | |
Taxation | 18,010 | 18,447 | |
2,937,830 | 3,045,940 | ||
TOTAL LIABILITIES | 15,706,664 | 17,157,630 | |
TOTAL EQUITY AND LIABILITIES | 28,274,207 | 30,410,192 | |
NET ASSETS PER SHARE (RM) | 2.32 | 2.44 |
(The Condensed Consolidated Statement of Financial Position should be read in conjunction with the audited Financial Statements for the financial year ended 31 December 2021.)
3
GENTING MALAYSIA BERHAD
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE THREE MONTHS ENDED 31 MARCH 2022
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 2022 | 1,764,424 | (83,898) | (919) | 1,683,013 | (985,868) | 11,406,926 | 13,783,678 | (531,116) | 13,252,562 | |
Loss for the financial period | - | - | - | - | - | (126,527) | (126,527) | (21,336) | (147,863) | |
Other comprehensive income/(loss) | - | - | 851 | (25,364) | - | - | (24,513) | (5,175) | (29,688) | |
Total comprehensive income/(loss) for the | ||||||||||
financial period | - | - | 851 | (25,364) | - | (126,527) | (151,040) | (26,511) | (177,551) | |
Transactions with owners: | ||||||||||
Performance-based employee share scheme | - | - | - | 1,319 | - | - | 1,319 | - | 1,319 | |
Employee share scheme shares vested to | ||||||||||
employees | - | - | - | (41,459) | 41,459 | - | - | - | - | |
Transfer of employee share scheme shares | ||||||||||
purchase price difference on shares vested | - | - | - | 1,280 | - | (1,280) | - | - | - | |
Appropriation: | ||||||||||
Special single-tier dividend declared for the | ||||||||||
financial year ended 31 December 2021 | - | - | - | - | - | (508,787) | (508,787) | - | (508,787) | |
Total transactions with owners | - | - | - | (38,860) | 41,459 | (510,067) | (507,468) | - | (507,468) | |
At 31 March 2022 | 1,764,424 | (83,898) | (68) | 1,618,789 | (944,409) | 10,770,332 | 13,125,170 | (557,627) | 12,567,543 | |
(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 2021.)
4
GENTING MALAYSIA BERHAD
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (CONT'D)
FOR THE THREE MONTHS ENDED 31 MARCH 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 | - | - | - | - | - | (483,591) | (483,591) | (17,724) | (501,315) |
Other comprehensive income/(loss) | - | - | 585 | 316,758 | - | - | 317,343 | (13,287) | 304,056 |
Total comprehensive income/(loss) for the | |||||||||
financial period | - | - | 585 | 316,758 | - | (483,591) | (166,248) | (31,011) | (197,259) |
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 2020
Total transactions with owners
At 31 March 2021
- | - | - | - | (21,257) | - | (21,257) | - | (21,257) |
- | - | - | 5,243 | - | - | 5,243 | - | 5,243 |
- | - | - | (23,323) | 23,323 | - | - | - | - |
- | - | - | (2,737) | - | 2,737 | - | - | - |
- | - | - | - | - | (480,355) | (480,355) | - | (480,355) |
- | - | - | (20,817) | 2,066 | (477,618) | (496,369) | - | (496,369) |
1,764,424 | (83,898) | (6,354) | 1,708,966 | (985,868) | 11,851,915 | 14,249,185 | (442,191) | 13,806,994 |
(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 2021.)
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Genting Malaysia Bhd published this content on 26 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 May 2022 10:41:59 UTC.
