TELEKOM MALAYSIA TELEKOM MALAYSIA BERHAD
Reg. No.: 198401016183 (128740-P)
(Incorporated in Malaysia)
The Board of Directors of Telekom Malaysia Berhad is pleased to announce the following unaudited results of the Group for the 2nd quarter ended 30 June 2023.
UNAUDITED CONSOLIDATED INCOME STATEMENT
2ND QUARTER ENDED
30/06/2023 | 30/06/2022 |
RM Million | RM Million |
FINANCIAL PERIOD ENDED
30/06/2023 | 30/06/2022 |
RM Million | RM Million |
OPERATING REVENUE
OPERATING COSTS
- depreciation, impairment and amortisation
- net impairment (loss)/reversal on financial and contract assets
- other operating costs
OTHER OPERATING INCOME (net)
OTHER GAINS/(LOSSES) (net)
OPERATING PROFIT BEFORE FINANCE COST
FINANCE INCOME
FINANCE COST
FOREIGN EXCHANGE LOSS ON
BORROWINGS
NET FINANCE COST
ASSOCIATE
-
share of results (net of tax)
PROFIT BEFORE TAX AND ZAKAT TAX AND ZAKAT (part B, note 5)
PROFIT FOR THE FINANCIAL PERIOD
ATTRIBUTABLE TO:
- equity holders of the Company
- non-controllinginterests
PROFIT FOR THE FINANCIAL PERIOD
EARNINGS PER SHARE (sen) (part B, note 11)
- basic
- diluted
3,098.5
(652.5)
(20.0)
(1,832.5)
36.5
0.7
630.7
22.4
(105.9)
(61.4)
(144.9)
3.0
488.8
82.6
571.4
568.7
2.7
571.4
14.9
14.8
3,089.3
(621.7)
(13.6)
(1,763.5)
12.2
(4.9)
697.8
16.5
(103.2)
(70.0)
(156.7)
3.9
545.0
(165.7)
379.3
378.0
1.3
379.3
10.0
9.9
6,050.0 | 5,981.7 | |
(1,428.5) | (1,225.2) | |
(22.9) | 3.9 | |
(3,548.1) | (3,528.8) | |
52.8 | 31.5 | |
1.3 | (11.8) | |
1,104.6 | 1,251.3 | |
42.7 | 33.7 | |
(184.9) | (198.8) | |
(58.4) | (81.4) | |
(200.6) | (246.5) |
5.87.4
909.81,012.2
(7.0) | (293.2) | |
902.8 | 719.0 | |
898.8 | 717.9 | |
4.0 | 1.1 | |
902.8 | 719.0 | |
23.5 | 19.0 | |
23.4 | 18.9 |
(The above unaudited consolidated income statement should be read in conjunction with the audited financial statements for the financial year ended 31 December 2022)
UNAUDITED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME | |||||||||
2ND QUARTER ENDED | FINANCIAL PERIOD ENDED | ||||||||
30/06/2023 | 30/06/2022 | 30/06/2023 | 30/06/2022 | ||||||
RM Million | RM Million | RM Million | RM Million | ||||||
PROFIT FOR THE FINANCIAL PERIOD | 571.4 | 379.3 | 902.8 | 719.0 | |||||
OTHER COMPREHENSIVE INCOME | |||||||||
Items that will not be reclassified | |||||||||
subsequently to income statement: | |||||||||
- decrease in fair value of equity | |||||||||
investments at fair value through other | |||||||||
comprehensive income (FVOCI) | (8.0) | - | (8.0) | - | |||||
Items that may be reclassified | |||||||||
subsequently to income statement: | |||||||||
- increase/(decrease) in fair value of investments | |||||||||
at fair value through other comprehensive | |||||||||
income (FVOCI) | 0.4 | (1.5) | 1.2 | (4.4) | |||||
- reclassification adjustments relating to FVOCI | |||||||||
investments disposed | # | 0.2 | # | 0.1 | |||||
- (decrease)/increase in fair value of receivables | |||||||||
at FVOCI | (1.7) | (0.9) | 2.5 | 1.0 | |||||
- cash flow hedge: | |||||||||
- increase in fair value of cash flow | |||||||||
hedge | 20.1 | 23.4 | 23.5 | 15.1 | |||||
- change in fair value of currency basis | 1.3 | (5.3) | (3.3) | (4.2) | |||||
- reclassification of foreign exchange loss | |||||||||
on borrowings | (25.3) | (18.6) | (25.4) | (21.9) | |||||
- currency translation differences | |||||||||
- subsidiaries | 16.3 | 8.2 | 4.4 | 9.8 | |||||
- associate | 0.2 | 0.1 | 0.1 | 0.1 | |||||
Other comprehensive income/(loss) for the financial | |||||||||
period | 3.3 | 5.6 | (5.0) | (4.4) | |||||
TOTAL COMPREHENSIVE INCOME | |||||||||
FOR THE FINANCIAL PERIOD | 574.7 | 384.9 | 897.8 | 714.6 | |||||
ATTRIBUTABLE TO: | |||||||||
- equity holders of the Company | 572.0 | 383.6 | 893.8 | 713.5 | |||||
- non-controlling interests | 2.7 | 1.3 | 4.0 | 1.1 | |||||
TOTAL COMPREHENSIVE INCOME | |||||||||
FOR THE FINANCIAL PERIOD | 574.7 | 384.9 | 897.8 | 714.6 |
# Amount less than RM0.1 million
(The above unaudited consolidated statement of comprehensive income should be read in conjunction with the audited financial statements for the financial year ended 31 December 2022)
UNAUDITED CONSOLIDATED STATEMENT OF FINANCIAL POSITION | ||
AS AT | AS AT | |
30/06/2023 | 31/12/2022 | |
RM Million | RM Million | |
SHARE CAPITAL | 3,991.5 | 3,986.5 |
OTHER RESERVES | 221.3 | 220.0 |
RETAINED PROFITS | 4,342.2 | 3,730.0 |
TOTAL CAPITAL AND RESERVES ATTRIBUTABLE TO | ||
EQUITY HOLDERS OF THE COMPANY | 8,555.0 | 7,936.5 |
NON-CONTROLLING INTERESTS | 149.1 | 152.6 |
TOTAL EQUITY | 8,704.1 | 8,089.1 |
Borrowings | 4,165.9 | 4,959.6 |
Lease liabilities | 1,621.7 | 1,544.2 |
Deferred tax liabilities | 1,376.8 | 1,425.8 |
Deferred income | 1,543.3 | 1,630.7 |
Trade and other payables | 24.4 | 24.6 |
NON-CURRENT LIABILITIES | 8,732.1 | 9,584.9 |
17,436.2 | 17,674.0 | |
Property, plant and equipment | 13,306.4 | 13,547.0 |
Intangible assets | 904.9 | 745.8 |
Right-of-use assets | 1,272.2 | 1,153.7 |
Associate | 92.7 | 94.3 |
Equity investments at fair value through other comprehensive income (FVOCI) | 141.1 | 149.1 |
Investments at fair value through profit or loss (FVTPL) | 176.2 | 164.6 |
Receivables at FVOCI | 47.7 | 147.0 |
Other non-current receivables | 352.5 | 574.3 |
Derivative financial instruments | 152.2 | 132.0 |
Deferred tax assets | 22.6 | 24.1 |
NON-CURRENT ASSETS | 16,468.5 | 16,731.9 |
Inventories | 231.2 | 305.4 |
Trade and other receivables | 3,015.1 | 2,312.3 |
Contract assets | 809.2 | 702.4 |
Contract cost assets | 398.2 | 420.7 |
Receivables at FVOCI | 2.7 | 8.4 |
Investments at fair value through other comprehensive income (FVOCI) | 68.3 | 66.5 |
Investments at fair value through profit or loss (FVTPL) | 2.5 | 2.1 |
Financial assets at fair value through profit or loss (FVTPL) | 2.2 | 2.2 |
Cash and bank balances | 2,168.8 | 2,579.4 |
CURRENT ASSETS | 6,698.2 | 6,399.4 |
Trade and other payables | 3,062.6 | 3,718.0 |
Contract liabilities | 1,352.5 | 839.0 |
Customer deposits | 162.3 | 182.6 |
Borrowings | 931.4 | 309.7 |
Lease liabilities | 201.1 | 230.3 |
Tax and zakat | 18.2 | 177.7 |
Dividends payable | 2.4 | - |
CURRENT LIABILITIES | 5,730.5 | 5,457.3 |
NET CURRENT ASSETS | 967.7 | 942.1 |
17,436.2 | 17,674.0 | |
NET ASSETS PER SHARE ATTRIBUTABLE TO ORDINARY | ||
EQUITY HOLDERS OF THE COMPANY (sen) | 223.8 | 207.7 |
(The above unaudited consolidated statement of financial position should be read in conjunction with the audited financial statements for the financial year ended 31 December 2022)
UNAUDITED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE FINANCIAL PERIOD ENDED 30 JUNE 2023
Attributable to equity holders of the Company | ||||||||||
Long Term | ||||||||||
Cost of | Incentive | Currency | Non- | |||||||
Share | FVOCI | Hedging | Hedging | Plan | Translation | Retained | controlling | Total | ||
Capital | Reserve | Reserve | Reserve | Reserve | Differences | Profits | Interests | Equity | ||
RM Million | RM Million | RM Million | RM Million | RM Million | RM Million | RM Million | RM Million | RM Million | ||
At 1 January 2023 | 3,986.5 | 99.1 | (13.2) | 16.8 | 81.9 | 35.4 | 3,730.0 | 152.6 | 8,089.1 | |
Profit for the financial period | - | - | - | - | - | - | 898.8 | 4.0 | 902.8 | |
Other comprehensive income | ||||||||||
Items that will not be reclassified subsequently to income statement: | ||||||||||
- decrease in fair value of equity investments at FVOCI | - | (8.0) | - | - | - | - | - | - | (8.0) | |
Items that may be reclassified subsequently to income statement: | ||||||||||
- increase in fair value of investments at fair value through other comprehensive | ||||||||||
income (FVOCI) | - | 1.2 | - | - | - | - | - | - | 1.2 | |
- reclassification adjustments relating to FVOCI investments disposed | - | # | - | - | - | - | - | - | # | |
- increase in fair value of receivables at FVOCI | - | 2.5 | - | - | - | - | - | - | 2.5 | |
- cash flow hedge: | ||||||||||
- increase in fair value of cash flow hedge | - | - | 23.5 | - | - | - | - | - | 23.5 | |
- change in fair value of currency basis | - | - | - | (3.3) | - | - | - | - | (3.3) | |
- reclassification of foreign exchange loss on borrowings | - | - | (25.4) | - | - | - | - | - | (25.4) | |
- currency translation differences | ||||||||||
- subsidiaries | - | - | - | - | - | 4.4 | - | - | 4.4 | |
- associate | - | - | - | - | - | 0.1 | - | - | 0.1 | |
Total comprehensive (loss)/income for the financial period | - | (4.3) | (1.9) | (3.3) | - | 4.5 | 898.8 | 4.0 | 897.8 | |
Transactions with owners: | ||||||||||
- final interim dividend paid for the financial year ended 31 December 2022 (part A, note 6) | - | - | - | - | - | - | (286.6) | - | (286.6) | |
- dividend declared to non-controlling interests | - | - | - | - | - | - | - | (7.5) | (7.5) | |
- Long Term Incentive Plan (LTIP): | ||||||||||
- ordinary shares granted* | - | - | - | - | 11.3 | - | - | - | 11.3 | |
- transfer from LTIP reserve upon issuance of shares on vesting (part A, note 5)^ | 5.0 | - | - | - | (5.0) | - | - | - | - | |
Total transactions with owners | ||||||||||
5.0 | - | - | - | 6.3 | - | (286.6) | (7.5) | (282.8) | ||
At 30 June 2023 | 3,991.5 | 94.8 | (15.1) | 13.5 | 88.2 | 39.9 | 4,342.2 | 149.1 | 8,704.1 |
# Amount less than RM0.1 million
- The apportionment over the vesting period of the fair value of the Group's granting of TM shares made to eligible employees of TM and its subsidiaries subject to fulfilment of relevant vesting conditions. ^ Issuance of shares pursuant to the Group's LTIP RS.
(The above unaudited consolidated statement of changes in equity should be read in conjunction with the audited financial statements for the financial year ended 31 December 2022)
UNAUDITED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE FINANCIAL PERIOD ENDED 30 JUNE 2022
Attributable to equity holders of the Company | ||||||||||
Long Term | ||||||||||
Cost of | Incentive | Currency | Non- | |||||||
Share | FVOCI | Hedging | Hedging | Plan | Translation | Retained | controlling | Total | ||
Capital | Reserve | Reserve | Reserve | Reserve | Differences | Profits | Interests | Equity | ||
RM Million | RM Million | RM Million | RM Million | RM Million | RM Million | RM Million | RM Million | RM Million | ||
At 1 January 2022 | 3,729.0 | 94.0 | 13.5 | 22.7 | 127.9 | 25.1 | 3,490.3 | (174.6) | 7,327.9 | |
Profit for the financial period | - | - | - | - | - | - | 717.9 | 1.1 | 719.0 | |
Other comprehensive income | ||||||||||
Items that may be reclassified subsequently to income statement: | ||||||||||
- decrease in fair value of investments at fair value through other comprehensive | ||||||||||
income (FVOCI) | - | (4.4) | - | - | - | - | - | - | (4.4) | |
- reclassification adjustments relating to FVOCI investments disposed | - | 0.1 | - | - | - | - | - | - | 0.1 | |
- increase in fair value of receivables at FVOCI | - | 1.0 | - | - | - | - | - | - | 1.0 | |
- cash flow hedge: | ||||||||||
- increase in fair value of cash flow hedge | - | - | 15.1 | - | - | - | - | - | 15.1 | |
- change in fair value of currency basis | - | - | - | (4.2) | - | - | - | - | (4.2) | |
- reclassification of foreign exchange loss on borrowings | - | - | (21.9) | - | - | - | - | - | (21.9) | |
- currency translation differences | ||||||||||
- subsidiaries | - | - | - | - | - | 9.8 | - | - | 9.8 | |
- associate | - | - | - | - | - | 0.1 | - | - | 0.1 | |
Total comprehensive (loss)/income for the financial period | - | (3.3) | (6.8) | (4.2) | - | 9.9 | 717.9 | 1.1 | 714.6 | |
Transactions with owners: | ||||||||||
- final interim dividend paid for the financial year ended 31 December 2021 | - | - | - | - | - | - | (226.4) | - | (226.4) | |
- dividends paid to non-controlling interests | - | - | - | - | - | - | - | (6.3) | (6.3) | |
- Long Term Incentive Plan (LTIP): | ||||||||||
- ordinary shares granted* | - | - | - | - | 21.1 | - | - | - | 21.1 | |
Total transactions with owners | ||||||||||
- | - | - | - | 21.1 | - | (226.4) | (6.3) | (211.6) | ||
At 30 June 2022 | 3,729.0 | 90.7 | 6.7 | 18.5 | 149.0 | 35.0 | 3,981.8 | (179.8) | 7,830.9 |
* The apportionment over the vesting period of the fair value of the Group's granting of TM shares made to eligible employees of TM and its subsidiaries subject to fulfilment of relevant vesting conditions.
(The above unaudited consolidated statement of changes in equity should be read in conjunction with the audited financial statements for the financial year ended 31 December 2022)
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TM - Telekom Malaysia Berhad published this content on 25 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 August 2023 09:51:02 UTC.
