For personal use only

FOURTH QUARTER ENDED 31 DECEMBER 2021

For personal use only

FOURTH QUARTER ENDED 31 DECEMBER 2021

(Cover) The Clubhouse, one of the recreational offerings that complements the harmonious living concept of The Goodwood Residence - a nature-inspiredmulti-generational residential development in Bangsar South.

UOA DEVELOPMENT BHD Interim Financial Report - 31 December 2021

For personal use only

CONTENTS

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

EXPLANATORY NOTES TO THE INTERIM FINANCIAL REPORT

1

2

3

4

5 - 15

UOA DEVELOPMENT BHD Interim Financial Report - 31 December 2021

1

UOA DEVELOPMENT BHD 200401015520 (654023-V)

(Incorporated in Malaysia)

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2021

For personal use only

As At

As At

31 December 2021

31 December 2020

RM'000

RM'000

ASSETS

(Unaudited)

(Audited)

Non-current assets

Property, plant and equipment

Note 1

351,108

420,013

Investment properties

1,608,236

1,346,419

Inventories

591,433

629,526

Equity investments

92,942

88,387

Deferred tax assets

35,145

60,093

Other receivables

4,359

-

2,683,223

2,544,438

Current assets

Inventories

1,315,994

1,333,950

Contract assets

124,022

185,445

Trade and other receivables

444,101

302,555

Amount owing by holding company

2

-

Amount owing by related companies

1,571

189

Current tax assets

46,206

45,136

Short term investments

834,724

109,002

Fixed deposits with licensed banks

390,347

931,621

Cash and bank balances

569,228

719,974

3,726,195

3,627,872

TOTAL ASSETS

6,409,418

6,172,310

EQUITY AND LIABILITIES

Equity

Share capital

2,821,766

2,519,752

Merger reserve

2,252

2,252

Fair value reserve

13,224

8,669

Retained earnings

2,793,867

2,889,633

Less : Treasury shares

(2,119)

(2,119)

Equity attributable to owners of the Company

5,628,990

5,418,187

Non-controlling interests

175,804

177,070

Total equity

5,804,794

5,595,257

Non-current liabilities

Amount owing to non-controlling shareholders of subsidiary companies

258

1,884

Lease liabilities

368

822

Long term borrowings

256

-

Deferred tax liabilities

42,811

39,844

43,693

42,550

Current liabilities

Trade and other payables

511,045

455,360

Amount owing to holding company

195

325

Amount owing to related companies

247

12,016

Amount owing to non-controlling shareholders of subsidiary company

47,248

45,500

Lease liabilities

631

875

Short term borrowings

43

-

Current tax liabilities

1,522

20,427

560,931

534,503

TOTAL LIABILITIES

604,624

577,053

TOTAL EQUITY AND LIABILITIES

6,409,418

6,172,310

Net Asset Per Share (RM)

2.42

2.55

Based on number of shares net of treasury shares

2,326,465,500

2,123,771,300

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

RM209,973,000 (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.

For personal use only

UOA DEVELOPMENT BHD Interim Financial Report - 31 December 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 YEAR ENDED 31 DECEMBER 2021

Individual Quarter Ended

Cumulative Quarter Ended

31 December

31 December

31 December

31 December

2021

2020

2021

2020

RM'000

RM'000

RM'000

RM'000

(Unaudited)

(Unaudited)

(Unaudited)

(Audited)

Revenue

136,445

194,108

547,484

844,597

Cost of sales

(55,179)

(123,542)

(298,917)

(485,011)

Gross profit

81,266

70,566

248,567

359,586

Fair value adjustment on investment properties

92,373

(5,235)

92,373

108,765

Other income

46,924

47,269

164,085

190,826

Impairment losses of financial assets

(1,375)

(637)

(6,144)

(739)

Impairment losses of non-financial assets

(59,534)

(4,085)

(59,534)

(4,085)

Administrative and general expenses

(21,785)

(40,225)

(109,619)

(143,998)

Other expenses

(11,198)

(12,154)

(43,925)

(50,528)

Finance income

9,798

3,885

31,364

21,166

Finance costs

(341)

(51)

(475)

(1,037)

Profit before tax

136,128

59,333

316,692

479,956

Tax expense

(35,695)

(24,464)

(88,348)

(80,223)

Profit for the financial year

100,433

34,869

228,344

399,733

Other comprehensive income, net of tax

Items that will not be reclassified to profit or loss

Fair value gain on remeasuring of

financial assets

5,734

3,731

4,555

3,781

Total comprehensive income for the financial year

106,167

38,600

232,899

403,514

Profit attributable to:

Owners of the Company

98,857

34,962

222,447

391,288

Non-controlling interests

1,576

(93)

5,897

8,445

100,433

34,869

228,344

399,733

Total comprehensive income attributable to:

Owners of the Company

104,591

38,693

227,002

395,069

Non-controlling interests

1,576

(93)

5,897

8,445

106,167

38,600

232,899

403,514

Earnings per share (Sen)

- Basic earnings per share

4.25

1.65

10.05

19.34

- 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 25 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 February 2022 01:21:02 UTC.