UOA DEVELOPMENT BHD Interim Financial Report - 30 June 2021

CONTENTS

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

1

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE

2

INCOME

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

3

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

4

EXPLANATORY NOTES TO THE INTERIM FINANCIAL REPORT

5 - 14

UOA DEVELOPMENT BHD Interim Financial Report - 30 June 2021

1

UOA DEVELOPMENT BHD 200401015520 (654023-V)

(Incorporated in Malaysia)

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2021

As At

As At

30 June 2021

31 December 2020

RM'000

RM'000

ASSETS

(Unaudited)

(Audited)

Non-current assets

Property, plant and equipment

Note 1

413,134

420,013

Investment properties

1,395,447

1,346,419

Inventories

640,710

629,526

Equity investments

89,343

88,387

Deferred tax assets

48,507

60,093

Goodwill

178

-

2,587,319

2,544,438

Current assets

Inventories

1,307,065

1,333,950

Contract assets

100,930

185,445

Trade and other receivables

354,295

302,555

Amount owing by holding company

1

-

Amount owing by related companies

2,203

189

Current tax assets

45,725

45,136

Short term investments

996,106

109,002

Fixed deposits with licensed banks

281,031

931,621

Cash and bank balances

656,878

719,974

3,744,234

3,627,872

TOTAL ASSETS

6,331,553

6,172,310

EQUITY AND LIABILITIES

Equity

Share capital

2,519,752

2,519,752

Merger reserve

2,252

2,252

Fair value reserve

9,625

8,669

Retained earnings

2,661,863

2,889,633

Less : Treasury shares

(2,119)

(2,119)

Equity attributable to owners of the Company

5,191,373

5,418,187

Non-controlling interests

178,490

177,070

Total equity

5,369,863

5,595,257

Non-current liabilities

Amount owing to non-controlling shareholders of subsidiary companies

1,934

1,884

Lease liabilities

635

822

Long term borrowings

300

-

Deferred tax liabilities

40,582

39,844

43,451

42,550

Current liabilities

Contract liabilities

107

-

Trade and other payables

543,773

455,360

Amount owing to holding company

314

325

Amount owing to related companies

1,438

12,016

Amount owing to non-controlling shareholders of subsidiary company

45,500

45,500

Lease liabilities

734

875

Current tax liabilities

7,807

20,427

Dividend payable

318,566

-

918,239

534,503

TOTAL LIABILITIES

961,690

577,053

TOTAL EQUITY AND LIABILITIES

6,331,553

6,172,310

Net Asset Per Share (RM)

2.44

2.55

Based on number of shares net of treasury shares

2,123,771,300

2,123,771,300

Note 1 : Included in the net carrying amount of property, plant and equipment are right-of-use assets of

RM217,731,000 (2020: RM215,099,000).

The condensed consolidated statement of financial position should be read in conjunction with the audited financial statements for the financial year ended 31 December 2020 and the accompanying explanatory notes attached to the interim financial report.

UOA DEVELOPMENT BHD Interim Financial Report - 30 June 2021

2

UOA DEVELOPMENT BHD 200401015520 (654023-V)

(Incorporated in Malaysia)

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

FOR THE FINANCIAL PERIOD ENDED 30 JUNE 2021

Individual Quarter Ended

Cumulative Quarter Ended

30 June

30 June

30 June

30 June

2021

2020

2021

2020

RM'000

RM'000

RM'000

RM'000

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

Revenue

216,283

140,882

356,456

516,152

Cost of sales

(140,596)

(101,133)

(231,097)

(309,263)

Gross profit

75,687

39,749

125,359

206,889

Other income

38,998

37,277

77,620

96,046

Impairment losses of financial assets

(1,927)

2,743

(2,970)

83

Administrative and general expenses

(27,775)

(35,213)

(57,549)

(69,754)

Other expenses

(11,588)

(9,239)

(22,030)

(23,343)

Finance income

7,058

5,245

13,145

13,386

Finance costs

(50)

(467)

(95)

(764)

Profit before tax

80,403

40,095

133,480

222,543

Tax expense

(24,519)

(14,403)

(39,888)

(69,471)

Profit for the financial year

55,884

25,692

93,592

153,072

Other comprehensive income, net of tax

Items that will not be reclassified to profit or loss

Fair value gain/(loss) on remeasuring of

financial assets

3,929

4,942

956

(888)

Total comprehensive income for the financial year

59,813

30,634

94,548

152,184

Profit attributable to:

Owners of the Company

54,352

23,180

90,443

147,397

Non-controlling interests

1,532

2,512

3,149

5,675

55,884

25,692

93,592

153,072

Total comprehensive income attributable to:

Owners of the Company

58,281

28,122

91,399

146,509

Non-controlling interests

1,532

2,512

3,149

5,675

59,813

30,634

94,548

152,184

Earnings per share (Sen)

- Basic earnings per share

2.56

1.18

4.26

7.50

- Diluted earnings per share

N/A

N/A

N/A

N/A

The condensed consolidated statement of comprehensive income should be read in conjunction with the audited financial statements for the financial year ended 31 December 2020 and the accompanying explanatory notes attached to the interim financial report.

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UOA - United Overseas Australia Limited published this content on 27 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2021 07:51:14 UTC.