HARTALEGA HOLDINGS HARTALEGA HOLDINGS BERHAD
Registration No. 200601022130 (741883-X)
Unaudited Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income For the first quarter ended 30 June 2023
Current | Corresponding | Current | Corresponding | |
Quarter Ended | Quarter Ended | Year-To-Date | Year-To-Date | |
30 Jun 2023 | 30 Jun 2022 | 30 Jun 2023 | 30 Jun 2022 | |
RM'000 | RM'000 | RM'000 | RM'000 | |
Revenue | 440,038 | 845,673 | 440,038 | 845,673 |
Operating expenses | (459,336) | (693,073) | (459,336) | (693,073) |
Operating (loss)/profit | (19,298) | 152,600 | (19,298) | 152,600 |
Other operating expenses | (23,246) | (17,309) | (23,246) | (17,309) |
(Loss)/Profit before interest and tax | (42,544) | 135,291 | (42,544) | 135,291 |
Finance costs | (2,193) | (1,153) | (2,193) | (1,153) |
(Loss)/Profit before tax | (44,737) | 134,138 | (44,737) | 134,138 |
Taxation | (6,433) | (43,253) | (6,433) | (43,253) |
Net (loss)/profit for the period | (51,170) | 90,885 | (51,170) | 90,885 |
Other comprehensive (loss)/income | ||||
Items that may be reclassified subsequently to | ||||
profit or loss: | ||||
Foreign currency translation difference for | ||||
foreign operations | 6,232 | (5,078) | 6,232 | (5,078) |
Total comprehensive (loss)/income for the period | (44,938) | 85,807 | (44,938) | 85,807 |
(Loss)/Profit attributable to: | ||||
Owners of the Company | (52,469) | 88,280 | (52,469) | 88,280 |
Non-controlling interest | 1,299 | 2,605 | 1,299 | 2,605 |
(51,170) | 90,885 | (51,170) | 90,885 | |
Total comprehensive (loss)/income attributable to: | ||||
Owners of the Company | (47,342) | 84,124 | (47,342) | 84,124 |
Non-controlling interest | 2,404 | 1,683 | 2,404 | 1,683 |
(44,938) | 85,807 | (44,938) | 85,807 | |
(Loss)/Earnings per share (sen) | (1.54) | 2.58 | (1.54) | 2.58 |
EPS - Diluted ( sen ) | (1.54) | 2.58 | (1.54) | 2.58 |
(The Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income should be read in conjunction with the audited financial statements of the Company for the financial year ended 31 March 2023 and the accompanying notes attached to this interim financial report.)
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HARTALEGA HOLDINGS BERHAD
Registration No. 200601022130 (741883-X)
Condensed Consolidated Statement of Financial Position as at 30 June 2023
Unaudited | Audited | |
At 30 Jun 2023 | At 31 Mar 2023 | |
RM'000 | RM'000 | |
ASSETS | ||
Non current assets | ||
Property, Plant & Equipment | 1,924,302 | 1,943,114 |
Capital work in progress | 987,644 | 951,864 |
Intangible assets | 40,943 | 42,614 |
Right-of-use assets | 3,996 | 4,681 |
Deferred tax assets | 2,352 | 2,251 |
2,959,237 | 2,944,524 | |
Current assets | ||
Inventories | 246,922 | 232,390 |
Trade receivables | 184,704 | 200,156 |
Other receivables, deposits and prepayments | 98,576 | 123,309 |
Tax assets | 78,916 | 80,070 |
Cash and cash equivalents | 1,665,070 | 1,724,468 |
2,274,188 | 2,360,393 | |
TOTAL ASSETS | 5,233,425 | 5,304,917 |
EQUITY AND LIABILITIES | ||
Share capital | 1,692,061 | 1,692,061 |
Reserves | 2,900,658 | 2,948,000 |
Equity attributable to owners of the Company | 4,592,719 | 4,640,061 |
Non-controlling interests | 20,706 | 18,302 |
Total Equity | 4,613,425 | 4,658,363 |
Non current liabilities | ||
Loans and borrowings | 41,358 | 62,302 |
Lease liabilities | 1,462 | 1,979 |
Deferred tax liabilities | 228,315 | 228,152 |
271,135 | 292,433 | |
Current liabilities | ||
Trade payables | 49,633 | 88,645 |
Other payables and accruals | 194,327 | 164,104 |
Loans and borrowings | 93,569 | 87,269 |
Lease liabilities | 2,725 | 2,848 |
Derivatives financial liabilities | 2,667 | 80 |
Tax liabilities | 5,944 | 11,175 |
348,865 | 354,121 | |
Total Liabilities | 620,000 | 646,554 |
TOTAL EQUITY AND LIABILITIES | 5,233,425 | 5,304,917 |
Net assets per share attributable to the owners of the | ||
Company (RM) | 1.34 | 1.36 |
(The Condensed Consolidated Statement of Financial Position should be read in conjunction with the audited financial statements of the Company for the financial year ended 31 March 2023 and the accompanying notes attached to this interim financial report.)
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HARTALEGA HOLDINGS BERHAD
Registration No. 200601022130 (741883-X)
Unaudited Condensed Consolidated Statement of Changes in Equity
For the first quarter ended 30 June 2023
Attributable to Owners of the Company | |||||||
Share | Treasury | Translation | Retained | Non-controlling | Total | ||
Capital | Shares | Reserve | Profits | Sub Total | Interest | Equity | |
RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | |
3 Months Ended 30 June 2023 | |||||||
Balance as at 1 April 2023 | 1,692,061 | (97,474) | (2,135) | 3,047,609 | 4,640,061 | 18,302 | 4,658,363 |
Comprehensive loss | |||||||
Loss for the financial period | - | - | - | (52,469) | (52,469) | 1,299 | (51,170) |
Other comprehensive loss | |||||||
Foreign curreny translation | - | - | 5,127 | - | 5,127 | 1,105 | 6,232 |
Total comprehensive loss for the period | - | - | 5,127 | (52,469) | (47,342) | 2,404 | (44,938) |
Transaction with owners | |||||||
Dividends | - | - | - | - | - | - | - |
Acquisition of treasury shares | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total transaction with owners | - | - | - | - | - | - | - |
Balance as at 30 June 2023 | 1,692,061 | (97,474) | 2,992 | 2,995,140 | 4,592,719 | 20,706 | 4,613,425 |
(The Condensed Consolidated Statement of Changes In Equity should be read in conjunction with the audited financial statements of the Company for the financial year ended 31 March 2023 and the accompanying notes attached to this interim financial report.)
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HARTALEGA HOLDINGS BERHAD
Registration No. 200601022130 (741883-X)
Unaudited Condensed Consolidated Statement of Changes in Equity
For the first quarter ended 30 June 2023
Attributable to Owners of the Company | |||||||
Share | Treasury | Translation | Retained | Non-controlling | Total | ||
Capital | Shares | Reserve | Profits | Sub Total | Interest | Equity | |
RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | |
3 Months Ended 30 June 2022 | |||||||
Balance as at 1 April 2022 | 1,692,061 | (97,474) | 4,753 | 3,521,967 | 5,121,307 | 23,567 | 5,144,874 |
Comprehensive income | |||||||
Profit for the financial period | - | - | - | 88,280 | 88,280 | 2,605 | 90,885 |
Other comprehensive loss | |||||||
Foreign curreny translation | - | - | (4,156) | - | (4,156) | (922) | (5,078) |
Total comprehensive income for the period | - | - | (4,156) | 88,280 | 84,124 | 1,683 | 85,807 |
Transaction with owners | |||||||
Dividends | - | - | - | (119,611) | (119,611) | - | (119,611) |
Total transaction with owners | - | - | - | (119,611) | (119,611) | - | (119,611) |
Balance as at 30 June 2022 | 1,692,061 | (97,474) | 597 | 3,490,636 | 5,085,820 | 25,250 | 5,111,070 |
(The Condensed Consolidated Statement of Changes In Equity should be read in conjunction with the audited financial statements of the Company for the financial year ended 31 March 2023 and the accompanying notes attached to this interim financial report.)
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HARTALEGA HOLDINGS BERHAD
Registration No. 200601022130 (741883-X)
Unaudited Condensed Consolidated Statement of Cash Flows
For the first quarter ended 30 June 2023
Current | Corresponding | |
Year-To-Date | Year-To-Date | |
30 Jun 2023 | 30 Jun 2022 | |
RM'000 | RM'000 | |
Cash Flows used in Operating Activities | ||
(Loss)/Profit before tax | (44,737) | 134,138 |
Adjustments for: | ||
Depreciation and amortisation | 32,575 | 40,570 |
Income from fixed income fund | - | (502) |
Interest received | (15,785) | (1,544) |
Interest expense | 2,193 | 1,153 |
Other adjustments | 7,012 | 27,083 |
Operating (loss)/profit before changes in working capital | (18,742) | 200,898 |
Changes in working capital | ||
Net change in inventories | (14,532) | 40,270 |
Net change in receivables | 43,654 | (9,136) |
Net change in payables | (8,790) | (54,828) |
Cash generated from operations | 1,590 | 177,204 |
Tax paid | (9,971) | (281,850) |
Net cash used in operating activities | (8,381) | (104,646) |
Cash Flows used in Investing Activities | ||
Proceeds from disposal of property, plant and equipment | 66 | 533 |
Addition to: | ||
Property, plant and equipment | (1,767) | (1,509) |
Capital work-in-progress | (45,750) | (85,916) |
Income received from fixed income fund | - | 502 |
Interest received | 15,785 | 1,544 |
Net cash used in investing activities | (31,666) | (84,846) |
Cash Flows used in Financing Activities | ||
Repayment of term loan | (22,240) | (22,813) |
Repayment of lease liabilities | (686) | (549) |
Interest paid | (2,162) | (1,117) |
Dividend paid | - | (119,611) |
Net cash used in financing activities | (25,088) | (144,090) |
Net decrease in cash and cash equivalents | (65,135) | (333,582) |
Effect of exchange rate fluctuations on cash and cash equivalents | 5,737 | (5,252) |
Cash and cash equivalents at beginning of period | 1,724,468 | 2,378,127 |
Cash and cash equivalents at end of period | 1,665,070 | 2,039,293 |
(The Condensed Consolidated Statement of Cash Flows should be read in conjunction with the audited financial statements of the Company for the financial year ended 31 March 2023 and the accompanying notes attached to this interim financial report.)
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Hartalega Holdings Bhd published this content on 09 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2023 06:06:07 UTC.
