KUALA LUMPUR KEPONG KUALA LUMPUR KEPONG BERHAD
197301001526 (15043-V)
Interim Financial Report
For the first quarter ended 31 December 2022
KUALA LUMPUR KEPONG BERHAD
197301001526 (15043-V)
The Directors are pleased to announce the unaudited financial results of the Group for the first quarter ended 31 December 2022.
Condensed Consolidated Statement of Profit or Loss
For the first quarter ended 31 December 2022
(The figures have not been audited.)
Individual Quarter | Cumulative Quarter | |||||||
3 months ended | 3 months ended | |||||||
31 December | 31 December | |||||||
2022 | 2021 | +/(-) | 2022 | 2021 | +/(-) | |||
RM'000 | RM'000 | % | RM'000 | RM'000 | % | |||
Revenue | 6,707,722 | 6,828,868 | (1.8) | 6,707,722 | 6,828,868 | (1.8) | ||
Operating expenses | (6,305,875) | (5,959,873) | 5.8 | (6,305,875) | (5,959,873) | 5.8 | ||
Other operating income | 287,799 | 139,205 | 106.7 | 287,799 | 139,205 | 106.7 | ||
Finance costs | (99,752) | (75,034) | 32.9 | (99,752) | (75,034) | 32.9 | ||
Net (impairment losses)/reversals | ||||||||
of impairment on financial assets | (484) | 5,728 | N/M | (484) | 5,728 | N/M | ||
Share of results of associates | 1,261 | 3,438 | (63.3) | 1,261 | 3,438 | (63.3) | ||
Share of results of joint ventures | 4,707 | 12,770 | (63.1) | 4,707 | 12,770 | (63.1) | ||
Profit before taxation | 595,378 | 955,102 | (37.7) | 595,378 | 955,102 | (37.7) | ||
Taxation | (112,559) | (277,549) | (59.4) | (112,559) | (277,549) | (59.4) | ||
Net profit for the period | 482,819 | 677,553 | (28.7) | 482,819 | 677,553 | (28.7) | ||
Attributable to: | ||||||||
Equity holders of the Company | 443,039 | 599,324 | (26.1) | 443,039 | 599,324 | (26.1) | ||
Non-controlling interests | 39,780 | 78,229 | (49.1) | 39,780 | 78,229 | (49.1) | ||
482,819 | 677,553 | (28.7) | 482,819 | 677,553 | (28.7) | |||
Sen | Sen | Sen | Sen | |||||
Earnings per share - basic | 41.1 | 55.6 | 41.1 | 55.6 | ||||
Earnings per share - diluted | N/A | N/A | N/A | N/A | ||||
N/M | - | Not meaningful | ||||||
N/A | - | Not applicable |
The Condensed Consolidated Statement of Profit or Loss should be read in conjunction with the Annual Financial Report for the year ended 30 September 2022.
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KUALA LUMPUR KEPONG BERHAD
197301001526 (15043-V)
Condensed Consolidated Statement of Other Comprehensive Income
For the first quarter ended 31 December 2022
(The figures have not been audited.)
Individual Quarter
3 months ended
31 December
2022 2021
RM'000 RM'000
Cumulative Quarter
3 months ended
31 December
2022 2021
RM'000 RM'000
Net profit for the period | 482,819 | 677,553 | 482,819 | 677,553 | |||
Other comprehensive loss that | |||||||
will be reclassified subsequently to | |||||||
profit or loss | |||||||
Currency translation differences | (282,136) | (16,895) | (282,136) | (16,895) | |||
Other comprehensive (loss)/income that | |||||||
will not be reclassified subsequently to | |||||||
profit or loss | |||||||
Net change in fair value of equity | |||||||
instruments | (8,592) | 23,740 | (8,592) | 23,740 | |||
Total other comprehensive (loss)/income | |||||||
for the period | (290,728) | 6,845 | (290,728) | 6,845 | |||
Total comprehensive income for the period | 192,091 | 684,398 | 192,091 | 684,398 | |||
Attributable to: | |||||||
Equity holders of the Company | 189,871 | 616,447 | 189,871 | 616,447 | |||
Non-controlling interests | 2,220 | 67,951 | 2,220 | 67,951 | |||
192,091 | 684,398 | 192,091 | 684,398 | ||||
The Condensed Consolidated Statement of Other Comprehensive Income should be read in conjunction with the Annual Financial Report for the year ended 30 September 2022.
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KUALA LUMPUR KEPONG BERHAD
197301001526 (15043-V)
Condensed Consolidated Statement of Financial Position
As at 31 December 2022
(The figures have not been audited.)
31 December | 30 September | ||
2022 | 2022 | ||
RM'000 | RM'000 | ||
Assets | |||
Property, plant and equipment | 11,952,091 | 12,123,317 | |
Right-of-use assets | 1,307,585 | 1,338,533 | |
Inventories | 1,992,459 | 1,991,597 | |
Goodwill on consolidation | 335,995 | 336,241 | |
Intangible assets | 17,044 | 17,142 | |
Investments in associates | 2,427,410 | 2,366,997 | |
Investments in joint ventures | 149,132 | 215,962 | |
Other investments | 598,874 | 595,711 | |
Other receivables | 404,155 | 425,925 | |
Deferred tax assets | 303,861 | 322,289 | |
Total non-current assets | 19,488,606 | 19,733,714 | |
Inventories | 3,700,410 | 4,024,163 | |
Biological assets | 152,102 | 209,344 | |
Trade and other receivables | 3,100,227 | 2,750,026 | |
Contract assets | 98,946 | 83,186 | |
Tax recoverable | 79,715 | 41,253 | |
Derivative financial assets | 152,423 | 545,266 | |
Short term funds | 48,911 | 66,375 | |
Cash and cash equivalents | 3,222,456 | 2,785,198 | |
Total current assets | 10,555,190 | 10,504,811 | |
Total assets | 30,043,796 | 30,238,525 | |
Equity | |||
Share capital | 1,379,249 | 1,379,249 | |
Reserves | 12,259,643 | 12,932,297 | |
13,638,892 | 14,311,546 | ||
Less: Cost of treasury shares | (24,504) | (24,504) | |
Total equity attributable to equity holders of the Company | 13,614,388 | 14,287,042 | |
Non-controlling interests | 1,763,428 | 1,764,780 | |
Total equity | 15,377,816 | 16,051,822 | |
Liabilities | |||
Deferred tax liabilities | 1,098,380 | 1,098,679 | |
Lease liabilities | 152,181 | 158,322 | |
Deferred income | 88,045 | 90,149 | |
Provision for retirement benefits | 477,002 | 482,598 | |
Borrowings | 7,138,234 | 7,208,861 | |
Total non-current liabilities | 8,953,842 | 9,038,609 | |
Trade and other payables | 1,910,405 | 2,106,407 | |
Contract liabilities | 157,828 | 138,121 | |
Deferred income | 8,639 | 8,628 | |
Lease liabilities | 21,271 | 22,514 | |
Borrowings | 2,541,389 | 2,173,427 | |
Tax payable | 134,257 | 154,681 | |
Derivative financial liabilities | 75,824 | 544,316 | |
Dividend payable | 862,525 | - | |
Total current liabilities | 5,712,138 | 5,148,094 | |
Total liabilities | 14,665,980 | 14,186,703 | |
Total equity and liabilities | 30,043,796 | 30,238,525 | |
Net assets per share attributable to equity holders | |||
of the Company (RM) | 12.63 | 13.25 |
The Condensed Consolidated Statement of Financial Position should be read in conjunction with the Annual Financial Report for the year ended 30 September 2022.
3
KUALA LUMPUR KEPONG BERHAD
197301001526 (15043-V)
Condensed Consolidated Statement of Changes in Equity
For the first quarter ended 31 December 2022
(The figures have not been audited.)
Attributable to the equity holders of the Company | |||||||||
Exchange | Fair | Non- | |||||||
Share | Capital | fluctuation | value | Retained | Treasury | controlling | Total | ||
capital | reserve | reserve | reserve | earnings | shares | Total | interests | Equity | |
RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | |
At 1 October 2022 | 1,379,249 | 1,654,341 | 412,913 | 750,923 | 10,114,120 | (24,504) | 14,287,042 | 1,764,780 | 16,051,822 |
Net change in fair value of equity instruments | - | - | - | (8,592) | - | - | (8,592) | - | (8,592) |
Transfer of reserves | - | 10,341 | - | - | (10,341) | - | - | - | - |
Currency translation differences | - | (4,825) | (239,751) | - | - | - | (244,576) | (37,560) | (282,136) |
Total other comprehensive income/(loss) for the period | - | 5,516 | (239,751) | (8,592) | (10,341) | - | (253,168) | (37,560) | (290,728) |
Profit for the period | - | - | - | - | 443,039 | - | 443,039 | 39,780 | 482,819 |
Total comprehensive income/(loss) for the period | - | 5,516 | (239,751) | (8,592) | 432,698 | - | 189,871 | 2,220 | 192,091 |
Purchase of shares from non-controlling interests | - | - | - | - | - | - | - | (51) | (51) |
Dividend payable | - | - | - | - | (862,525) | - | (862,525) | - | (862,525) |
Dividends paid to non-controlling interests | - | - | - | - | - | - | - | (3,521) | (3,521) |
Total transactions with owners of the Company | - | - | - | - | (862,525) | - | (862,525) | (3,572) | (866,097) |
At 31 December 2022 | 1,379,249 | 1,659,857 | 173,162 | 742,331 | 9,684,293 | (24,504) | 13,614,388 | 1,763,428 | 15,377,816 |
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KLK - Kuala Lumpur Kepong Bhd published this content on 20 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 February 2023 10:16:10 UTC.
