KUALA LUMPUR KEPONG KUALA LUMPUR KEPONG BERHAD
197301001526 (15043-V)
Interim Financial Report
For the third quarter ended 30 June 2023
KUALA LUMPUR KEPONG BERHAD
197301001526 (15043-V)
The Directors are pleased to announce the unaudited financial results of the Group for the third quarter ended 30 June 2023.
Condensed Consolidated Statement of Profit or Loss
For the third quarter ended 30 June 2023
(The figures have not been audited.)
Individual Quarter | Cumulative Quarter | |||||||
3 months ended | 9 months ended | |||||||
30 June | 30 June | |||||||
2023 | 2022 | +/(-) | 2023 | 2022 | +/(-) | |||
RM'000 | RM'000 | % | RM'000 | RM'000 | % | |||
Revenue | 5,114,139 | 6,961,351 | (26.5) | 17,870,276 | 20,172,770 | (11.4) | ||
Operating expenses | (5,012,866) | (6,188,423) | (19.0) | (16,952,415) | (17,818,101) | (4.9) | ||
Other operating income | 82,178 | 76,195 | 7.9 | 530,015 | 330,637 | 60.3 | ||
Finance costs | (102,721) | (97,613) | 5.2 | (302,118) | (252,312) | 19.7 | ||
Net (impairment losses)/reversals of | ||||||||
impairment on financial assets | (426) | 678 | N/M | 92 | 23,586 | (99.6) | ||
Share of results of associates | 1,072 | 1,620 | (33.8) | (159,989) | 30,185 | N/M | ||
Share of results of joint ventures | (6,842) | (143) | * | (16,453) | 5,323 | N/M | ||
Profit before taxation | 74,534 | 753,665 | (90.1) | 969,408 | 2,492,088 | (61.1) | ||
Taxation | 33,043 | (143,239) | N/M | (147,490) | (591,828) | (75.1) | ||
Net profit for the period | 107,577 | 610,426 | (82.4) | 821,918 | 1,900,260 | (56.7) | ||
Attributable to: | ||||||||
Equity holders of the Company | 84,103 | 558,266 | (84.9) | 717,951 | 1,704,160 | (57.9) | ||
Non-controlling interests | 23,474 | 52,160 | (55.0) | 103,967 | 196,100 | (47.0) | ||
107,577 | 610,426 | (82.4) | 821,918 | 1,900,260 | (56.7) | |||
Sen | Sen | Sen | Sen | |||||
Earnings per share - basic | 7.8 | 51.8 | 66.6 | 158.1 | ||||
Earnings per share - diluted | N/A | N/A | N/A | N/A | ||||
* More than 100% | ||||||||
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 third quarter ended 30 June 2023
(The figures have not been audited.)
Individual Quarter
3 months ended
30 June
2023 2022
RM'000 RM'000
Cumulative Quarter
9 months ended
30 June
2023 2022
RM'000 RM'000
Net profit for the period | 107,577 | 610,426 | 821,918 | 1,900,260 | |||||
Other comprehensive income/(loss) that | |||||||||
will be reclassified subsequently to | |||||||||
profit or loss | |||||||||
Currency translation differences | 619,173 | 40,560 | 582,680 | 14,444 | |||||
Share of other comprehensive (loss)/ | |||||||||
income in associates | (25) | (654) | 42,382 | 22,485 | |||||
619,148 | 39,906 | 625,062 | 36,929 | ||||||
Other comprehensive (loss)/income that | |||||||||
will not be reclassified subsequently to | |||||||||
profit or loss | |||||||||
Net change in fair value of equity | |||||||||
instruments | (131,208) | (118,587) | (84,877) | 53,774 | |||||
Share of other comprehensive (loss)/income | |||||||||
in associates | - | - | (21,153) | 19,544 | |||||
Share of other comprehensive loss in | |||||||||
joint venture | (18) | - | (18) | - | |||||
(131,226) | (118,587) | (106,048) | 73,318 | ||||||
Total other comprehensive income/(loss) | |||||||||
for the period | 487,922 | (78,681) | 519,014 | 110,247 | |||||
Total comprehensive income for the period | 595,499 | 531,745 | 1,340,932 | 2,010,507 | |||||
Attributable to: | |||||||||
Equity holders of the Company | 553,507 | 485,722 | 1,240,488 | 1,820,700 | |||||
Non-controlling interests | 41,992 | 46,023 | 100,444 | 189,807 | |||||
595,499 | 531,745 | 1,340,932 | 2,010,507 | ||||||
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 30 June 2023
(The figures have not been audited.)
30 June | 30 September | ||
2023 | 2022 | ||
RM'000 | RM'000 | ||
Assets | |||
Property, plant and equipment | 12,825,235 | 12,123,317 | |
Right-of-use assets | 1,335,322 | 1,338,533 | |
Inventories | 2,012,250 | 1,991,597 | |
Goodwill on consolidation | 379,520 | 336,241 | |
Intangible assets | 17,652 | 17,142 | |
Investments in associates | 2,415,406 | 2,366,997 | |
Investments in joint ventures | 91,735 | 215,962 | |
Other investments | 622,366 | 595,711 | |
Other receivables | 460,434 | 425,925 | |
Deferred tax assets | 374,612 | 322,289 | |
Derivative financial assets | 1,565 | - | |
Total non-current assets | 20,536,097 | 19,733,714 | |
Inventories | 3,185,534 | 4,024,163 | |
Biological assets | 179,132 | 209,344 | |
Trade and other receivables | 2,923,421 | 2,750,026 | |
Contract assets | 113,278 | 83,186 | |
Tax recoverable | 232,902 | 41,253 | |
Derivative financial assets | 77,975 | 545,266 | |
Short term funds | 21,736 | 66,375 | |
Cash and cash equivalents | 2,775,113 | 2,785,198 | |
Total current assets | 9,509,091 | 10,504,811 | |
Total assets | 30,045,188 | 30,238,525 | |
Equity | |||
Share capital | 1,382,683 | 1,379,249 | |
Reserves | 13,096,310 | 12,932,297 | |
14,478,993 | 14,311,546 | ||
Less: Cost of treasury shares | (22,108) | (24,504) | |
Total equity attributable to equity holders of the Company | 14,456,885 | 14,287,042 | |
Non-controlling interests | 1,792,957 | 1,764,780 | |
Total equity | 16,249,842 | 16,051,822 | |
Liabilities | |||
Deferred tax liabilities | 1,054,998 | 1,098,679 | |
Lease liabilities | 154,190 | 158,322 | |
Deferred income | 83,833 | 90,149 | |
Provision for retirement benefits | 535,300 | 482,598 | |
Borrowings | 7,129,650 | 7,208,861 | |
Total non-current liabilities | 8,957,971 | 9,038,609 | |
Trade and other payables | 1,988,010 | 2,106,407 | |
Contract liabilities | 182,231 | 138,121 | |
Deferred income | 8,664 | 8,628 | |
Lease liabilities | 22,566 | 22,514 | |
Borrowings | 2,237,832 | 2,173,427 | |
Tax payable | 57,694 | 154,681 | |
Derivative financial liabilities | 124,691 | 544,316 | |
Dividend payable | 215,687 | - | |
Total current liabilities | 4,837,375 | 5,148,094 | |
Total liabilities | 13,795,346 | 14,186,703 | |
Total equity and liabilities | 30,045,188 | 30,238,525 | |
Net assets per share attributable to equity holders | |||
of the Company (RM) | 13.41 | 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.
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KUALA LUMPUR KEPONG BERHAD | |||||||||||||||||||
197301001526 (15043-V) | |||||||||||||||||||
Condensed Consolidated Statement of Changes in Equity | |||||||||||||||||||
For the third quarter ended 30 June 2023 | |||||||||||||||||||
(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 | - | - | - | (84,877) | - | - | (84,877) | - | (84,877) | ||||||||||
Transfer of reserves | - | 11,416 | - | - | (11,416) | - | - | - | - | ||||||||||
Share of comprehensive income/(loss) in associates | - | - | 42,382 | - | (21,153) | - | 21,229 | - | 21,229 | ||||||||||
Share of comprehensive loss in joint venture | - | - | - | - | (18) | - | (18) | - | (18) | ||||||||||
Currency translation differences | - | 3,568 | 582,635 | - | - | - | 586,203 | (3,523) | 582,680 | ||||||||||
Total other comprehensive income/(loss) for the period | - | 14,984 | 625,017 | (84,877) | (32,587) | - | 522,537 | (3,523) | 519,014 | ||||||||||
Profit for the period | - | - | - | - | 717,951 | - | 717,951 | 103,967 | 821,918 | ||||||||||
Total comprehensive income/(loss) for the period | - | 14,984 | 625,017 | (84,877) | 685,364 | - | 1,240,488 | 100,444 | 1,340,932 | ||||||||||
Acquisition through business combination | - | - | - | - | - | - | - | 13,179 | 13,179 | ||||||||||
Employees' share grant scheme | 3,434 | - | - | - | - | 2,396 | 5,830 | - | 5,830 | ||||||||||
Effect of changes in shareholdings in subsidiaries | - | - | - | - | 1,961 | - | 1,961 | (13,022) | (11,061) | ||||||||||
Dividend paid - FY2022 final | - | - | - | - | (862,749) | - | (862,749) | - | (862,749) | ||||||||||
Dividend payable - FY2023 interim | - | - | - | - | (215,687) | - | (215,687) | - | (215,687) | ||||||||||
Dividends paid to non-controlling interests | - | - | - | - | - | - | - | (72,424) | (72,424) | ||||||||||
Total transactions with owners of the Company | 3,434 | - | - | - | (1,076,475) | 2,396 | (1,070,645) | (72,267) | (1,142,912) | ||||||||||
At 30 June 2023 | 1,382,683 | 1,669,325 | 1,037,930 | 666,046 | 9,723,009 | (22,108) | 14,456,885 | 1,792,957 | 16,249,842 | ||||||||||
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KLK - Kuala Lumpur Kepong Bhd published this content on 24 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 August 2023 10:22:04 UTC.
