PETRONAS DAGANGAN PETRONAS DAGANGAN
BERHAD
QUARTERLY REPORT
FOR FOURTH QUARTER AND YEAR ENDED 31 DECEMBER 2022
PETRONAS DAGANGAN BERHAD 198201008499 (88222-D)
QUARTERLY REPORT
FOR FOURTH QUARTER AND YEAR ENDED 31 DECEMBER 2022
The Board of Directors of PETRONAS Dagangan Berhad ("PDB" or the "Company") is pleased to announce the following Unaudited Condensed Consolidated Financial Statements for PDB Group for the fourth quarter and year ended 31 December 2022 which should be read in conjunction with the accompanying explanatory notes on pages 7 to 20.
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS
Individual quarter ended | Year ended | |||||||
Note | 31 December | 31 December | ||||||
In RM'000 | 2022 | 2021 | 2022 | 2021 | ||||
Revenue | B1 | 9,498,779 | 7,111,809 | 36,748,896 | 22,674,049 | |||
Operating profit | 248,013 | 203,446 | 1,148,905 | 751,187 | ||||
Finance costs | (10,478) | (4,242) | (25,203) | (11,640) | ||||
Share of profit after tax of equity accounted | ||||||||
associates and joint ventures | 4,151 | 603 | 11,333 | 1,221 | ||||
Profit before taxation | B1 | 241,686 | 199,807 | 1,135,035 | 740,768 | |||
Taxation | B4 | (93,044) | (61,722) | (347,197) | (209,537) | |||
PROFIT FOR THE PERIOD/YEAR | 148,642 | 138,085 | 787,838 | 531,231 | ||||
Profit attributable to: | ||||||||
Shareholders of the Company | 144,457 | 137,191 | 776,595 | 529,754 | ||||
Non-controlling interests | 4,185 | 894 | 11,243 | 1,477 | ||||
PROFIT FOR THE PERIOD/YEAR | 148,642 | 138,085 | 787,838 | 531,231 | ||||
Earnings per ordinary share - basic (sen) | B11 | 14.5 | 13.8 | 78.2 | 53.3 |
The Unaudited Condensed Consolidated Statement of Profit or Loss should be read in conjunction with the accompanying
explanatory notes attached to these Condensed Consolidated Financial Statements.
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PETRONAS DAGANGAN BERHAD 198201008499 (88222-D)
QUARTERLY REPORT
FOR FOURTH QUARTER AND YEAR ENDED 31 DECEMBER 2022
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME
Individual quarter ended | Year ended | ||||||
Note | 31 December | 31 December | |||||
In RM'000 | 2022 | 2021 | 2022 | 2021 | |||
PROFIT FOR THE PERIOD/YEAR | 148,642 | 138,085 | 787,838 | 531,231 | |||
Other comprehensive income | |||||||
Items that will not be reclassified | |||||||
subsequently to profit or loss | |||||||
Exchange differences arising from | |||||||
translation of financial statements of | |||||||
foreign operations | (23) | 5,187 | 19 | 5,802 | |||
Reclassification of foreign currency | |||||||
translation differences to profit or loss on | |||||||
disposal of subsidiary | - | 8,779 | - | 8,779 | |||
Total other comprehensive (loss)/income | |||||||
for the period/year | (23) | 13,966 | 19 | 14,581 | |||
TOTAL COMPREHENSIVE INCOME FOR | |||||||
THE PERIOD/YEAR | 148,619 | 152,051 | 787,857 | 545,812 | |||
Profit attributable to: | |||||||
Shareholders of the Company | 144,434 | 151,157 | 776,614 | 544,335 | |||
Non-controlling interests | 4,185 | 894 | 11,243 | 1,477 | |||
TOTAL COMPREHENSIVE INCOME FOR | |||||||
THE PERIOD/YEAR | 148,619 | 152,051 | 787,857 | 545,812 |
The Unaudited Condensed Consolidated Statement of Other Comprehensive Income should be read in conjunction with
the accompanying explanatory notes attached to these Condensed Consolidated Financial Statements.
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PETRONAS DAGANGAN BERHAD 198201008499 (88222-D)
QUARTERLY REPORT
FOR FOURTH QUARTER AND YEAR ENDED 31 DECEMBER 2022
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As at | As at | |||
31 December | 31 December | |||
In RM'000 | Note | 2022 | 2021 | |
ASSETS | ||||
Property, plant and equipment | 4,115,346 | 4,017,549 | ||
Intangible asset | 484 | 806 | ||
Investments in associates | 1,954 | 2,008 | ||
Investments in joint ventures | 83,163 | 20,327 | ||
TOTAL NON-CURRENT ASSETS | 4,200,947 | 4,040,690 | ||
Trade and other inventories | 139,539 | 158,866 | ||
Trade and other receivables | 4,027,890 | 3,490,185 | ||
Cash and cash equivalents | 2,889,161 | 1,911,062 | ||
TOTAL CURRENT ASSETS | 7,056,590 | 5,560,113 | ||
TOTAL ASSETS | B1 | 11,257,537 | 9,600,803 | |
EQUITY | ||||
Share capital | 993,454 | 993,454 | ||
Reserves | 4,749,291 | 4,588,619 | ||
Total Equity Attributable to Shareholders of the Company | 5,742,745 | 5,582,073 | ||
Non-controlling interests | 44,621 | 33,378 | ||
TOTAL EQUITY | B1 | 5,787,366 | 5,615,451 | |
LIABILITIES | ||||
Borrowings | B6 | 134,947 | 92,166 | |
Deferred tax liabilities | 93,317 | 102,723 | ||
Other long-term liabilities and provisions | 36,074 | 31,272 | ||
TOTAL NON-CURRENT LIABILITIES | 264,338 | 226,161 | ||
Trade and other payables | 5,016,696 | 3,645,060 | ||
Borrowings | B6 | 49,366 | 24,266 | |
Taxation | 139,771 | 89,865 | ||
TOTAL CURRENT LIABILITIES | 5,205,833 | 3,759,191 | ||
TOTAL LIABILITIES | B1 | 5,470,171 | 3,985,352 | |
TOTAL EQUITY AND LIABILITIES | 11,257,537 | 9,600,803 | ||
Net assets per share attributable to ordinary equity holders of the | ||||
Parent (RM) | 5.78 | 5.62 |
The Unaudited Condensed Consolidated Statement of Financial Position should be read in conjunction with the
accompanying explanatory notes attached to the Condensed Consolidated Financial Statements.
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PETRONAS DAGANGAN BERHAD 198201008499 (88222-D)
QUARTERLY REPORT
FOR FOURTH QUARTER AND YEAR ENDED 31 DECEMBER 2022
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Attributable to shareholders of the Company
Non-distributableDistributable
Foreign | |||||||
Currency | Non- | ||||||
Share | Translation | Capital | Retained | controlling | Total | ||
In RM'000 | Capital | Reserve | Reserves | Profits | Total | interests | Equity |
At 1 January 2022 | 993,454 | (6,510) | (305) | 4,595,434 | 5,582,073 | 33,378 | 5,615,451 |
Exchange difference | |||||||
arising from translation | |||||||
of financial statements | |||||||
of foreign operations | - | 19 | - | - | 19 | - | 19 |
Total other comprehensive | |||||||
income for the year | - | 19 | - | - | 19 | - | 19 |
Profit for the year | - | - | - | 776,595 | 776,595 | 11,243 | 787,838 |
Total comprehensive | |||||||
income for the year | - | 19 | - | 776,595 | 776,614 | 11,243 | 787,857 |
Dividends paid | - | - | - | (615,942) | (615,942) | - | (615,942) |
At 31 December 2022 | 993,454 | (6,491) | (305) | 4,756,087 | 5,742,745 | 44,621 | 5,787,366 |
At 1 January 2021 | 993,454 | (21,091) | (18,732) | 4,690,114 | 5,643,745 | 31,901 | 5,675,646 |
Exchange difference | |||||||
arising from translation | |||||||
of financial statements | |||||||
of foreign operations | - | 5,802 | - | - | 5,802 | - | 5,802 |
Disposal of subsidiary | |||||||
acquired under common | |||||||
control | - | 8,779 | 18,427 | (18,427) | 8,779 | - | 8,779 |
Total other comprehensive | |||||||
income/(loss) for the | |||||||
year | - | 14,581 | 18,427 | (18,427) | 14,581 | - | 14,581 |
Profit for the year | - | - | - | 529,754 | 529,754 | 1,477 | 531,231 |
Total comprehensive | |||||||
income for the year | - | 14,581 | 18,427 | 511,327 | 544,335 | 1,477 | 545,812 |
Dividends paid | - | - | - | (606,007) | (606,007) | - | (606,007) |
At 31 December 2021 | 993,454 | (6,510) | (305) | 4,595,434 | 5,582,073 | 33,378 | 5,615,451 |
The Unaudited Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the
accompanying explanatory notes attached to these Condensed Consolidated Financial Statements.
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Petronas Dagangan Bhd published this content on 23 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 February 2023 13:14:18 UTC.
