WONG'S INTERNATIONAL HOLDINGS LIMITED
王 氏 國 際 集 團 有 限 公 司
(Incorporated in Bermuda with limited liability)
INTERIM REPORT FOR 2021
This interim report is printed on environmentally friendly paper
UNAUDITED INTERIM RESULTS
The board of directors (the "Board" or "Directors") of Wong's International Holdings Limited (the "Company") is pleased to present the unaudited condensed consolidated interim financial information of the Company and its subsidiaries (the "Group") for the six months ended 30 June 2021 as follows:
CONDENSED CONSOLIDATED INTERIM INCOME STATEMENT
FOR THE SIX MONTHS ENDED 30 JUNE 2021
2021 | Unaudited | |||||||||
2020 | ||||||||||
Note | HK$'000 | HK$'000 | ||||||||
Revenue | 6 | 1,556,820 | 1,438,904 | |||||||
Other income | 7,795 | 9,212 | ||||||||
Changes in inventories of finished | (60,562) | |||||||||
goods and work in progress | (41,920) | |||||||||
Raw materials and consumables used | (1,089,386) | (1,011,007) | ||||||||
Employee benefit expenses | (228,839) | (208,722) | ||||||||
Depreciation | 7 | (38,918) | (35,118) | |||||||
Other operating expenses | 7 | (83,355) | (77,322) | |||||||
Change in fair value of investment properties | 13 | (11,700) | (353,220) | |||||||
Other gains - net | 8 | 5,076 | 10,372 | |||||||
Provision of impairment losses on | (1,104) | |||||||||
trade receivables | 7,15 | (920) | ||||||||
Operating profit/(loss) | 55,827 | (269,741) | ||||||||
Finance income | 9 | 8,202 | 10,854 | |||||||
Finance costs | 9 | (22,553) | (31,137) | |||||||
Share of profit/(loss) of an associate | 297 | (891) | ||||||||
Share of profits/(losses) of | 4,306 | |||||||||
joint ventures | 14 | (303,881) | ||||||||
Profit/(loss) before income tax | 46,079 | (594,796) | ||||||||
Income tax expense | 10 | (18,267) | (18,370) | |||||||
Profit/(loss) after income tax | 27,812 | (613,166) | ||||||||
Profit/(loss) attributable to | ||||||||||
owners of the Company | 27,812 | (613,166) | ||||||||
Non-controlling interests | - | - | ||||||||
27,812 | (613,166) | |||||||||
Dividends | 11 | 7,177 | 9,570 | |||||||
Earnings/(loss) per share | ||||||||||
attributable to owners of the | ||||||||||
Company during the period | ||||||||||
Basic | 12 | HK$0.06 | (HK$1.28) | |||||||
Diluted | 12 | HK$0.06 | (HK$1.28) | |||||||
The notes on pages 7 to 29 are an integral part of this condensed consolidated interim financial information.
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CONDENSED CONSOLIDATED INTERIM STATEMENT OF COMPREHENSIVE INCOME
FOR THE SIX MONTHS ENDED 30 JUNE 2021
Unaudited
20212020
HK$'000 HK$'000
Profit/(loss) for the period | 27,812 | (613,166) |
Other comprehensive income:
Items that may be reclassified to
- consolidated income statement:
- Cash flow hedge - fair value gains/(losses)
for the period | 8,016 | (23,084) | ||
Cash flow hedge - deferred income tax recognised | (1,323) | 3,809 | ||
Currency translation differences | ||||
- Group | 16,075 | (30,476) | ||
- Associates | 323 | (53) |
Item that will not be reclassified subsequently to
- consolidated income statement:
- Changes in fair value of financial assets at
fair value through other comprehensive income | 964 | 25 | |||
Other comprehensive income/(loss) | |||||
for the period, net of tax | 24,055 | (49,779) | |||
Total comprehensive income/(loss) for the period | 51,867 | (662,945) | |||
Attributable to: | |||||
Owners of the Company | 51,867 | (662,945) | |||
Non-controlling interests | - | - | |||
Total comprehensive income/(loss) for the period | 51,867 | (662,945) | |||
The notes on pages 7 to 29 are an integral part of this condensed consolidated interim financial information.
2
CONDENSED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2021
Unaudited | Audited | |||||
As at | As at | |||||
30 June | 31 December | |||||
2021 | 2020 | |||||
Note | HK$'000 | HK$'000 | ||||
ASSETS | ||||||
Non-current assets | ||||||
Property, plant and equipment | 13 | 229,802 | 249,956 | |||
Investment properties | 13 | 2,041,057 | 2,052,585 | |||
Right-of-use assets | 142,104 | 110,176 | ||||
Investments in associates | 26,339 | 25,719 | ||||
Interests in joint ventures | 14 | 2,138,677 | 2,148,651 | |||
Financial assets at fair value through | ||||||
other comprehensive income | 8,400 | 7,454 | ||||
Deferred income tax assets | 26,821 | 27,301 | ||||
Deposits and other receivables | 12,338 | 12,107 | ||||
Restricted cash | 3,002 | 2,981 | ||||
4,628,540 | 4,636,930 | |||||
Current assets | ||||||
Inventories | 384,473 | 313,566 | ||||
Stock of completed properties | 213,410 | 213,410 | ||||
Trade receivables | 15 | 904,602 | 912,141 | |||
Prepayments, deposits and other receivables | 72,606 | 89,366 | ||||
Financial assets at fair value through | ||||||
other comprehensive income | 46 | 28 | ||||
Current income tax recoverable | 1,108 | 1,372 | ||||
Restricted cash | 130,887 | - | ||||
Short-term bank deposits | 834,770 | 738,916 | ||||
Cash and cash equivalents | 532,783 | 680,202 | ||||
3,074,685 | 2,949,001 | |||||
Total assets | 7,703,225 | 7,585,931 | ||||
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Wong's International (Holdings) Ltd. published this content on 16 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 September 2021 08:51:09 UTC.