Kuala Lumpur Kepong : Fourth Quarter 2022Ended 30 September 2022

Individual Quarter

Cumulative Quarter

3 months ended

12 months ended

30 September

30 September

2022

2021

+/(-)

2022

2021

+/(-)

RM'000

RM'000

%

RM'000

RM'000

%

Revenue

6,976,704

5,934,533

17.6

27,149,474

19,915,796

36.3

Operating expenses

(6,418,203)

(5,315,324)

20.7

(24,236,304)

(17,836,499)

35.9

Other operating income

138,206

46,988

194.1

468,843

814,216

(42.4)

Finance costs

(105,818)

(63,283)

67.2

(358,130)

(237,707)

50.7

Net (impairment losses)/reversals

of impairment on financial assets

(11,624)

3,287

N/M

11,962

1,184

N/M

Share of results of associates

112,432

256,483

(56.2)

142,617

287,301

(50.4)

Share of results of joint ventures

35,693

17,270

106.7

41,016

32,134

27.6

Profit before taxation

727,390

879,954

(17.3)

3,219,478

2,976,425

8.2

Taxation

(189,293)

(184,311)

2.7

(781,121)

(524,373)

49.0

Net profit for the period

538,097

695,643

(22.6)

2,438,357

2,452,052

(0.6)

Attributable to:

Equity holders of the Company

462,130

625,800

(26.2)

2,166,290

2,257,584

(4.0)

Non-controlling interests

75,967

69,843

8.8

272,067

194,468

39.9

538,097

695,643

(22.6)

2,438,357

2,452,052

(0.6)

Sen

Sen

Sen

Sen

Earnings per share - basic

42.9

58.0

200.9

209.3

Earnings per share - diluted

N/A

N/A

N/A

N/A

N/M

-

Not meaningful

N/A

-

Not applicable

30 September

30 September

2022

2021

RM'000

RM'000

Assets

Property, plant and equipment

12,123,317

11,014,851

Right-of-use assets

1,338,533

1,316,628

Inventories

1,991,597

2,035,257

Goodwill on consolidation

336,241

327,417

Intangible assets

17,142

20,907

Investments in associates

2,366,997

1,777,894

Investments in joint ventures

215,962

179,649

Other investments

595,711

598,959

Other receivables

425,925

444,389

Deferred tax assets

322,289

338,660

Total non-current assets

19,733,714

18,054,611

Inventories

4,024,163

2,991,026

Biological assets

209,344

210,218

Trade and other receivables

2,750,026

3,167,272

Contract assets

83,186

7,448

Tax recoverable

41,253

25,021

Derivative financial assets

545,266

162,459

Short term funds

66,375

253,405

Cash and cash equivalents

2,785,198

3,205,971

Total current assets

10,504,811

10,022,820

Total assets

30,238,525

28,077,431

Equity

Share capital

1,379,249

1,375,695

Reserves

12,932,297

10,510,376

14,311,546

11,886,071

Less: Cost of treasury shares

(24,504)

(26,809)

Total equity attributable to equity holders of the Company

14,287,042

11,859,262

Non-controlling interests

1,764,780

2,347,778

Total equity

16,051,822

14,207,040

Liabilities

Deferred tax liabilities

1,098,679

965,959

Lease liabilities

158,322

133,457

Deferred income

90,149

98,465

Provision for retirement benefits

482,598

559,576

Borrowings

7,208,861

5,612,880

Total non-current liabilities

9,038,609

7,370,337

Trade and other payables

2,106,407

2,734,106

Contract liabilities

138,121

120,584

Deferred income

8,628

8,598

Lease liabilities

22,514

24,975

Borrowings

2,173,427

3,152,482

Tax payable

154,681

221,142

Derivative financial liabilities

544,316

238,167

Total current liabilities

5,148,094

6,500,054

Total liabilities

14,186,703

13,870,391

Total equity and liabilities

30,238,525

28,077,431

Net assets per share attributable to equity holders

of the Company (RM)

13.25

11.00

KUALA LUMPUR KEPONG BERHAD

197301001526 (15043-V)

Condensed Consolidated Statement of Changes in Equity

For the year ended 30 September 2022

(The figures have not been audited.)

Attributable to the equity holders of the Company

Exchange

Fair

Non-

Share

Capital

fluctuation

value

Retained

Other

Treasury

controlling

Total

capital

reserve

reserve

reserve

earnings

reserve

shares

Total

interests

Equity

RM'000

RM'000

RM'000

RM'000

RM'000

RM'000

RM'000

RM'000

RM'000

RM'000

At 1 October 2021

1,375,695

1,568,336

113,371

743,755

9,019,962

(935,048)

(26,809)

11,859,262

2,347,778

14,207,040

Net change in fair value of equity instruments

-

-

-

7,330

-

-

-

7,330

-

7,330

Realisation on fair value of equity instruments

-

-

-

(162)

162

-

-

-

-

-

Transfer of reserves

-

84,515

-

-

(84,515)

-

-

-

-

-

Share of comprehensive income in associates

-

-

112,610

-

63,420

-

-

176,030

-

176,030

Remeasurement of defined benefit plans

-

-

-

-

70,083

-

-

70,083

674

70,757

Currency translation differences

-

1,490

187,200

-

-

-

-

188,690

(5,977)

182,713

Total other comprehensive income/(loss) for the year

-

86,005

299,810

7,168

49,150

-

-

442,133

(5,303)

436,830

Profit for the year

-

-

-

-

2,166,290

-

-

2,166,290

272,067

2,438,357

Total comprehensive income for the year

-

86,005

299,810

7,168

2,215,440

-

-

2,608,423

266,764

2,875,187

Acquisition through business combination

-

-

-

-

-

-

-

-

213,189

213,189

Expiry of unconditional mandatory general offer on

acquisition of a subsidiary

-

-

-

-

-

125,590

-

125,590

-

125,590

Purchase of shares from non-controlling interests

-

-

(1,431)

-

(27,371)

809,458

-

780,656

(893,647)

(112,991)

Issuance of shares to non-controlling interests

-

-

-

-

-

-

-

-

10

10

Redemption of redeemable preference shares

in a subsidiary

-

-

-

-

-

-

-

-

(6,400)

(6,400)

Employees' share grant scheme

3,554

-

-

-

-

-

2,305

5,859

-

5,859

Effect of changes in shareholdings in subsidiaries

-

-

1,163

-

(15,755)

-

-

(14,592)

11,083

(3,509)

Dividend paid - FY2021 final

-

-

-

-

(862,525)

-

-

(862,525)

-

(862,525)

- FY2022 interim

-

-

-

-

(215,631)

-

-

(215,631)

-

(215,631)

Dividends paid to non-controlling interests

-

-

-

-

-

-

-

-

(173,997)

(173,997)

Total transactions with owners of the Company

3,554

-

(268)

-

(1,121,282)

935,048

2,305

(180,643)

(849,762)

(1,030,405)

At 30 September 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