LPI CAPITAL LPI CAPITAL BHD | |||||
SUMMARY OF THE KEY FINANCIAL INFORMATION | |||||
FOR THE FINANCIAL PERIOD ENDED 31 DECEMBER 2022 | |||||
(the figures have been audited) | |||||
INDIVIDUAL PERIOD | CUMULATIVE PERIOD | ||||
CURRENT PRECEDING YEAR | CURRENT | PRECEDING YEAR | |||
YEAR | CORRESPONDING | YEAR | CORRESPONDING | ||
QUARTER | QUARTER | TO DATE | PERIOD | ||
ENDED | ENDED | ENDED | ENDED | ||
31/12/2022 | 31/12/2021 | 31/12/2022 | 31/12/2021 | ||
RM'000 | RM'000 | RM'000 | RM'000 | ||
1 | Revenue | 433,165 | 429,041 | 1,657,590 | 1,717,734 |
2 | Profit before tax | 120,931 | 97,932 | 373,461 | 437,316 |
3 | Profit for the period | 83,566 | 73,067 | 276,607 | 344,679 |
4 | Profit attributable | ||||
to ordinary equity | |||||
holders of the | |||||
parent | 83,566 | 73,067 | 276,607 | 344,679 | |
5 | Basic earnings per | ||||
share (sen) | 20.97 | 18.34 | 69.43 | 86.52 | |
6 | Proposed/ declared | ||||
dividend per | |||||
share (sen) | 35.00 | 45.00 | 60.00 | 74.00 | |
AS AT END OF CURRENT | AS AT PRECEDING | ||||
QUARTER | FINANCIAL YEAR END |
7 Net assets per share attributable to
ordinary equity | ||
holders of the | ||
parent (RM) | 5.4656 | 5.3532 |
1
LPI CAPITAL BHD
Condensed Consolidated Statement of Profit or Loss for the Quarter Ended 31 December 2022 - Audited
Individual Period | Cumulative Period | |||
Current | Preceding Year | Current | Preceding Year | |
Year | Corresponding | Year | Corresponding | |
Quarter | Quarter | To Date | Period | |
Ended | Ended | Ended | Ended | |
31.12.2022 | 31.12.2021 | 31.12.2022 | 31.12.2021 | |
RM'000 | RM'000 | RM'000 | RM'000 | |
Operating revenue | 433,165 | 429,041 | 1,657,590 | 1,717,734 |
Gross written premiums | 371,093 | 362,988 | 1,628,844 | 1,561,037 |
Change in unearned premiums provision | 33,686 | 51,376 | (71,697) | 51,005 |
Gross earned premiums | 404,779 | 414,364 | 1,557,147 | 1,612,042 |
Gross written premiums ceded to reinsurers Change in unearned premiums provision Premiums ceded to reinsurers
Net earned premiums
Investment income Realised gains Fair value gains Commission income
Net reversal of impairment loss on insurance receivables Other operating income
Other income
Gross claims paid
Claims ceded to reinsurers Gross change in claims liabilities
Change in claims liabilities ceded to reinsurers
Net claims incurred
Fair value losses Commission expense Management expenses
Net impairment loss on insurance receivables Net impairment loss on investments carried at
amortised cost Other operating expense
Other expenses
(108,221) | (124,205) | (584,163) | (551,648) |
(28,341) | (33,862) | 15,902 | (48,512) |
(136,562) | (158,067) | (568,261) | (600,160) |
268,217 | 256,297 | 988,886 | 1,011,882 |
28,386 | 14,677 | 100,443 | 105,692 |
1 | - | 17 | 3 |
2,539 | 7 | 1,304 | 418 |
28,932 | 27,632 | 118,750 | 112,876 |
282 | 527 | 841 | - |
913 | 847 | 3,774 | 2,703 |
61,053 | 43,690 | 225,129 | 221,692 |
(187,893) | (135,127) | (688,126) | (540,991) |
88,583 | 44,938 | 313,172 | 200,473 |
(44,982) | (254,919) | (125,154) | (328,984) |
35,667 | 248,406 | 64,618 | 299,833 |
(108,625) | (96,702) | (435,490) | (369,669) |
(13) | (11,416) | (9,600) | (46,504) |
(49,310) | (44,949) | (177,666) | (174,684) |
(49,900) | (48,946) | (216,924) | (206,453) |
- | - | - | (92) |
(1) | (1) | - | (1) |
- | - | (429) | (32) |
(99,224) | (105,312) | (404,619) | (427,766) |
Operating profit | 121,421 | 97,973 | 373,906 | 436,139 |
Finance cost | (310) | (343) | (1,253) | (1,572) |
Share of profit after tax of equity accounted | ||||
associated company | (180) | 302 | 808 | 2,749 |
Profit before tax | 120,931 | 97,932 | 373,461 | 437,316 |
Tax expense | (37,365) | (24,865) | (96,854) | (92,637) |
Profit for the year | 83,566 | 73,067 | 276,607 | 344,679 |
Profit attributable to: | ||||
Owners of the Company | 83,566 | 73,067 | 276,607 | 344,679 |
Earnings per ordinary share (sen) | ||||
- Basic | 20.97 | 18.34 | 69.43 | 86.52 |
- Diluted | N/A | N/A | N/A | N/A |
N/A - Not Applicable.
Note : The Condensed Consolidated Statement of Profit or Loss should be read in conjunction with the Annual Financial Report for the year ended 31 December 2021.
2
LPI CAPITAL BHD
Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income for the Quarter Ended 31 December 2022 - Audited
Individual Period | Cumulative Period | |||
Current | Preceding Year | Current | Preceding Year | |
Year | Corresponding | Year | Corresponding | |
Quarter | Quarter | To Date | Period | |
Ended | Ended | Ended | Ended | |
31.12.2022 | 31.12.2021 | 31.12.2022 | 31.12.2021 | |
RM'000 | RM'000 | RM'000 | RM'000 | |
Profit for the year | 83,566 | 73,067 | 276,607 | 344,679 |
Other comprehensive income | ||||
Items that are or may be reclassified subsequently | ||||
to profit or loss | ||||
Foreign currency translation differences for foreign operation | 11 | (235) | 9,145 | 2,956 |
Items that will not be reclassified to profit or loss | ||||
Net gains on investments in equity instruments designated at | ||||
fair value through other comprehensive income | 19,789 | 19,838 | 35,036 | 8,762 |
Income tax relating to these items | (99) | (133) | (81) | (23) |
Total other comprehensive income for the year, net of tax | 19,701 | 19,470 | 44,100 | 11,695 |
Total comprehensive income for the year attributable to | ||||
owners of the Company | 103,267 | 92,537 | 320,707 | 356,374 |
Note : The Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the Annual Financial Report for the year ended 31 December 2021.
3
LPI CAPITAL BHD
Condensed Consolidated Statement of Financial Position As At 31 December 2022 - Audited
Assets
Plant and equipment Right-of-use assets Investment properties Intangible assets
Investment in an associated company Other investments
Fair value through other comprehensive income Fair value through profit or loss
Amortised cost
Deferred tax assets Reinsurance assets
Loans and receivables, excluding insurance receivables
Insurance receivables Deferred acquisition costs Cash and cash equivalents
Total assets
Equity
Share capital
Reserves
Total equity
Liabilities
Insurance contract liabilities
Deferred tax liabilities
Lease liabilities
Insurance payables
Other payables
Current tax payables
Total liabilities
Total equity and liabilities
As At
31.12.2022
RM'000
6,736
43,372
29,862
5,440
42,387
2,282,813
951,672
1,140,334
190,807
-
1,354,724
398,289
189,806
55,444
724,911
5,133,784
398,383
1,784,478
2,182,861
2,653,096
917
45,384
102,111
129,518
19,897
2,950,923
5,133,784
As At
31.12.2021
RM'000
4,717
47,821
27,316
8,401
39,446
2,169,029
916,424
1,137,794
114,811
7,061
1,271,952
1,007,396
178,160
45,605
87,900
4,894,804
398,383
1,742,639
2,141,022
2,448,068
-
49,630
120,630
110,573
24,881
2,753,782
4,894,804
Note : The Condensed Consolidated Statement of Financial Position should be read in conjunction with the Annual Financial Report for the year ended 31 December 2021.
4
LPI CAPITAL BHD
Condensed Consolidated Statement of Changes in Equity for the Year Ended 31 December 2022 - Audited
Non-distributable | Distributable | ||||
Foreign | |||||
currency | Fair | ||||
Share | translation | value | Retained | ||
capital | reserve | reserve | earnings | Total | |
RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | |
12 Months Year Ended 31 December 2022 | |||||
At 1 January 2022 | 398,383 | 25,709 | 756,981 | 959,949 | 2,141,022 |
Foreign currency translation differences for foreign operation | - | 9,145 | - | - | 9,145 |
Net gains on investments in equity instruments designated | |||||
at fair value through other comprehensive income | - | - | 34,955 | - | 34,955 |
Total other comprehensive income for the year | - | 9,145 | 34,955 | - | 44,100 |
Profit for the year | - | - | - | 276,607 | 276,607 |
Total comprehensive income for the year | - | 9,145 | 34,955 | 276,607 | 320,707 |
Distributions to owners of the Company | |||||
Dividends to owners of the Company | - | - | - | (278,868) | (278,868) |
Total transaction with owners of the Company | - | - | - | (278,868) | (278,868) |
At 31 December 2022 | 398,383 | 34,854 | 791,936 | 957,688 | 2,182,861 |
5
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LPI Capital Bhd published this content on 15 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2023 07:44:12 UTC.
