Financial Statements and Related Announcement::Full Yearly Results

Item No.

Description

Page No.

A

Condensed Consolidated Statement of Profit or Loss and Other Comprehensive

2

Income

B

Condensed Statements of Financial Position

3

C

Condensed Consolidated Statement of Changes in Equity

4

D

Condensed Consolidated Statement of Cash Flows

5

E

Notes to the Condensed Consolidated Financial Statements

6 - 11

F

Other Information Required by Listing Rule Appendix 7.2

12 - 15

Group

30-09-21

30-09-20

+ / (-)

$'000

$'000

%

Revenue

64,644

85,844

(24.7)

Cost of sales

(52,317)

(65,937)

(20.7)

Gross profit

12,327

19,907

(38.1)

Other operating income

1,016

1,489

(31.8)

Distribution costs

(1,979)

(2,335)

(15.2)

Administrative expenses

(9,953)

(10,438)

(4.6)

Other operating expenses

(724)

(624)

16.0

Share of results of associate

55

61

(9.8)

Finance costs

(65)

(42)

54.8

Profit for the year

677

8,018

(91.6)

Income tax expense

(1,456)

(1,824)

(20.2)

(Loss) Profit for the year

(779)

6,194

n.m.

Other comprehensive income:

Items that will not be reclassified subsequently to profit or loss:

Net fair value loss on financial assets at FVTOCI

(330)

(568)

(41.9)

Items that may be reclassified subsequently to profit or loss:

Exchange difference arising on translation of foreign

operations

496

(201)

n.m.

Other comprehensive income for the year, net of tax

166

(769)

n.m.

Total comprehensive income for the year

(613)

5,425

n.m.

Earnings per share (cents)

Basic and diluted

(0.9)

7.4

n.m.

Group

Company

Note

30-09-21

30-09-20

30-09-21

30-09-20

$'000

$'000

$'000

$'000

ASSETS

Current assets

Cash and bank balances

38,740

43,184

22,895

24,915

Trade receivables

20,629

33,137

-

-

Other receivables

1,584

1,134

537

555

Inventories

23,122

17,325

-

-

Total current assets

84,075

94,780

23,432

25,470

Non-current assets

Property, plant and equipment

9

5,321

5,597

-

-

Right-of-use assets

4,710

1,718

-

-

Investments in subsidiaries

-

-

19,514

19,514

Investment in associate

570

525

-

-

Financial assets at fair value through

other comprehensive income

10

127

454

119

84

Deferred tax assets

442

397

-

-

Total non-current assets

11,170

8,691

19,633

19,598

Total assets

95,245

103,471

43,065

45,068

LIABILITIES AND EQUITY

Current liabilities

Trade payables

13,329

16,525

58

22

Other payables

2,436

3,082

532

642

Lease liabilities

778

593

-

-

Income tax payable

661

1,727

9

55

Total current liabilities

17,204

21,927

599

719

Non-current liabilities

Lease liabilities

2,992

8

-

-

Deferred tax liabilities

36

36

-

-

Total non-current liabilities

3,028

44

-

-

Capital and reserves

Share capital

12

36,991

36,991

36,991

36,991

Currency translation reserve

660

164

-

-

Capital reserve

938

642

-

-

Investment revaluation reserve

(944)

(614)

27

(5)

Accumulated profits

37,368

44,317

5,448

7,363

Equity attributable to equity holders of

the Company, representing total equity

75,013

81,500

42,466

44,349

Total liabilities and equity

95,245

103,471

43,065

45,068

PNE Industries Ltd and its subsidiaries

Condensed Financial Statements

For financial year ended 30 September 2021

C. CONDENSED STATEMENTS OF CHANGES IN EQUITY

Total

attributable

to equity

Currency

Investment

holders of

Share

translation

Capital

revaluation

Accumulated

the

capital

reserve

reserve

reserve

profits

Company

$'000

$'000

$'000

$'000

$'000

$'000

GROUP

Balance at October 1, 2019

36,991

365

501

(171)

45,942

83,628

Total comprehensive income for the year

Profit for the year

-

-

-

-

6,194

6,194

Other comprehensive income for the year

-

(201)

-

(568)

-

(769)

Total

-

(201)

-

(568)

6,194

5,425

Transaction with owners, recognised directly in

equity

Dividends

-

-

-

-

(7,553)

(7,553)

Transfer to reserve fund

-

-

141

-

(141)

-

Total

-

-

141

-

(7,694)

(7,553)

Transfer of investment revaluation reserve of equity

instrument at FVTOCI upon disposal

-

-

-

125

(125)

-

Balance at September 30, 2020

36,991

164

642

(614)

44,317

81,500

Total comprehensive income for the year

Loss for the year

-

-

-

-

(779)

(779)

Other comprehensive income for the year

-

496

-

(330)

-

166

Total

-

496

-

(330)

(779)

(613)

Transaction with owners, recognised directly in

equity

Dividends

-

-

-

-

(5,874)

(5,874)

Transfer to reserve fund

-

-

296

-

(296)

-

Total

-

-

296

-

(6,170)

(5,874)

Balance at September 30, 2021

36,991

660

938

(944)

37,368

75,013

Investment

Share

revaluation

Accumulated

capital

reserve

profits

Total

$'000

$'000

$'000

$'000

COMPANY

Balance at October 1, 2019

36,991

(179)

10,100

46,912

Total comprehensive income for the year

Profit for the year

-

-

4,941

4,941

Other comprehensive income for the year

-

49

-

49

Total

-

49

4,941

4,990

Dividends, representing transaction with owners,

recognised directly in equity

-

-

(7,553)

(7,553)

Transfer of investment revaluation reserve of equity

instrument at FVTOCI upon disposal

-

125

(125)

-

Balance at September 30, 2020

36,991

(5)

7,363

44,349

Total comprehensive income for the year

Profit for the year

-

-

3,959

3,959

Other comprehensive income for the year

-

32

-

32

Total

-

32

3,959

3,991

Dividends, representing transaction with owners,

recognised directly in equity

-

-

(5,874)

(5,874)

Balance at September 30, 2021

36,991

27

5,448

42,466