XMH : Announcement - 1H2021 results

Group

(In S$'000)

Actual

Actual

Change

Description

1HFY2021

1HFY2020

%

Continuing operations

Revenue

28,697

29,348

(2.2)

Cost of sales

(22,206)

(22,739)

(2.3)

Gross profit

6,491

6,609

(1.8)

Other income

2,226

1,085

NM

Distribution expenses

(1,520)

(2,322)

(34.5)

Administrative expenses

(5,929)

(6,622)

(10.5)

Net impairment losses on financial assets

(232)

(137)

69.3

Results from operating activities

1,036

(1,387)

NM

Finance income

97

83

16.9

Finance costs

(455)

(1,447)

(68.6)

Net finance costs

(358)

(1,364)

(73.8)

Profit/(loss) before tax from continuing operations

678

(2,751)

NM

Income tax expense

(74)

(42)

76.2

Profit/(loss) from continuing operations, net of tax

604

(2,793)

NM

Discontinued Operation(1)

Loss from disposal of a subsidiary corporation, net of tax

-

(2,219)

NM

Loss from discontinued operation, net of tax

-

(1,125)

NM

Results from discontinued operation, net of tax

-

(3,344)

NM

Profit/(loss) for the period, net of tax

604

(6,137)

NM

Items that may be reclassified subsequently to profit or loss

Exchange differences arising from translation of the financial

(272)

667

NM

statements of the subsidiary corporations

Other comprehensive income/(expenses) for the period, net of tax

(272)

667

NM

Total comprehensive income/(expenses) for the period

332

(5,470)

NM

Group

(In S$'000)

Actual

Actual

Change

Description

1HFY2021

1HFY2020

%

Profit/(loss) attributable to:

Owners of the Company

Profit/(loss) from continuing operations

719

(2,753)

NM

Loss from discontinued operation

-

(2,774)

NM

719

(5,527)

NM

Non-controlling interests

Loss from continuing operations

(115)

(40)

NM

Loss from discontinued operation

-

(570)

NM

(115)

(610)

(81.1)

604

(6,137)

NM

Total comprehensive income/(expenses) attributable to:

Owners of the Company

Profit/(loss) from continuing operations

443

(2,088)

NM

Loss from discontinued operation

-

(2,774)

NM

443

(4,862)

NM

Non-controlling interests

Loss from continuing operations

(111)

(38)

NM

Loss from discontinued operation

-

(570)

NM

(111)

(608)

(81.7)

332

(5,470)

NM

Group

(In S$'000)

Actual

Actual

Change

Description

1HFY2021

1HFY2020

%

Other miscellaneous income

-

Continuing operations

1,253

303

NM

-

Discontinued operation

-

40

NM

Write-back of impairment loss on receivables and contract assets

-

Continuing operations

60

148

(59.5)

-

Discontinued operation

-

38

NM

Interest income

-

Continuing operations

16

83

(80.7)

Interest expense

-

Continuing operations

(455)

(874)

(47.9)

-

Discontinued operation

-

(33)

NM

Net foreign exchange gain/(loss)

-

Continuing operations

81

(573)

NM

N-

Discontinued operation

-

(2)

NM

Depreciation of property, plant and equipment

-

Continuing operations

(1,662)

(1,842)

(9.8)

-

Discontinued operation

-

(52)

NM

Amortisation of intangible assets

-

Continuing operations

(24)

(47)

(48.9)

-

Discontinued operation

-

(335)

NM

Depreciation of right-of-use assets

-

Continuing operations

(321)

(57)

NM

-

Discontinued operation

-

(4)

NM

Fair value gain/(losses) on quoted equity securities

-

Continuing operations

30

(20)

NM

Share-based payment expenses

-

Continuing operations

-

(24)

NM

Rental income

-

Continuing operations

973

768

26.7

Dividend income

-

Continuing operations

-

15

NM

Impairment loss on receivables and contract assets

-

Continuing operations

(290)

(285)

1.8

Bad debts written-off

-

Continuing operations

(2)

-

NM

Grant expenses

-

Continuing operations

(217)

-

NM

Adjustment for under provision of tax in respect of prior year

-

Continuing operations

-

(6)

NM

(In S$'000)

Group

Company

Description

31 Oct 2020

30 Apr 2020

31 Oct 2020

30 Apr 2020

ASSETS

Non-current assets

Property, plant and equipment

48,478

49,954

44,099

45,500

Intangible assets

8,591

8,615

-

-

Other financial assets

239

425

-

-

Investment in subsidiary corporations

-

-

11,297

11,297

Club memberships

186

188

-

-

Deferred tax assets

486

486

-

-

Right-of-use assets

7,210

7,527

6,050

6,184

Total non-current assets

65,190

67,195

61,446

62,981

Current assets

Inventories

28,430

29,651

-

-

Trade and other receivables

10,069

10,472

1,936

873

Prepayment

346

472

27

8

Contract assets

15,979

8,942

-

-

Cash and short-term deposits

8,346

14,162

668

1,006

Tax recoverable

83

55

-

-

Total current assets

63,253

63,754

2,631

1,887

TOTAL ASSETS

128,443

130,949

64,077

64,868

EQUITY AND LIABILITIES

Current liabilities

Trade and other payables

11,505

15,761

8,433

8,972

Deferred grant income

290

406

36

52

Contract liabilities

161

222

-

-

Loans and borrowings

17,068

20,151

1,686

2,027

Current tax payables

98

20

-

-

Total current liabilities

29,122

36,560

10,155

11,051

Non-current liabilities

Other payables

191

196

364

369

Loans and borrowings

49,838

45,243

35,442

35,102

Deferred tax liabilities

590

594

450

450

Total non-current liabilities

50,619

46,033

36,256

35,921

TOTAL LIABILITIES

79,741

82,593

46,411

46,972

NET ASSETS

48,702

48,356

17,666

17,896

EQUITY

Equity attributable to owners of the

Company

Share capital

39,780

39,780

39,780

39,780

Reserve for own shares

(3,292)

(3,292)

(3,292)

(3,292)

Other reserves

(5,135)

(4,859)

2,292

2,292

Accumulated profits/(losses)

17,281

16,562

(21,114)

(20,884)

48,634

48,191

17,666

17,896

Non-controlling interests

68

165

-

-

Total equity

48,702

48,356

17,666

17,896

TOTAL EQUITY AND LIABILITIES

128,443

130,949

64,077

64,868