Ellipsiz : 1HFY22 Results (10 Feb 2022)

Ellipsiz Ltd

(Co. Reg. No. 199408329R)

and its subsidiaries

Condensed Interim Consolidated Financial Statements and Dividend Announcement

For the six months ended 31 December 2021

The following definitions apply throughout this announcement:

• 1H - First half year from 1 July to 31 December of the respective financial years.
• FY - Financial year ended or ending 30 June, as the case may be.
• NM - Not meaningful.
• SFRS(I) - Singapore Financial Reporting Standards (International).

A. Condensed interim consolidated statement of comprehensive income

		Group
	Note 1HFY2022 1HFY2021	+ / (-)
		$'000	$'000	%
Revenue	E5	28,735	27,441	5
Cost of revenue		(22,467)	(21,498)	5
Gross Profit		6,268	5,943	5
Other income	E6	355	693	(49)
Fair value gain on investment property		1,678	-	NM
Distribution expenses		(1,965)	(1,760)	12
Administrative expenses		(3,851)	(3,547)	9
Other expenses		(64)	(845)	(92)
Results from operating activities	E6	2,421	484	>300
Finance costs		(13)	(18)	(28)
Finance income	E7	50	77	(35)
Share of results of an associate (net of tax)	E8	-	3,848	(100)
Share of results of joint ventures (net of tax)		110	(21)	NM
Profit before tax		2,568	4,370	(41)
Tax expense	E9	(422)	(242)	74
Profit for the period		2,146	4,128	(48)
Other comprehensive income
Item that is or may be reclassified subsequently to
profit or loss (net of tax)
Exchange differences arising from translation of
financial statements of foreign operations		668	(526)	NM
Item that will not be reclassified to
profit or loss (net of tax)
Net change in fair value of financial assets at fair value
through other comprehensive income		423	365	16
Total other comprehensive income for the period,
net of tax		1,091	(161)	NM
Total comprehensive income for the period		3,237	3,967	(18)

1

1. Condensed interim consolidated statement of comprehensive income (cont'd)

	Group
	1HFY2022 1HFY2021	+ / (-)
	$'000	$'000	%
Profit/(Loss) attributable to:
Owners of the Company	1,594	4,197	(62)
Non-controlling interests	552	(69)	NM
Profit for the period	2,146	4,128	(48)
Total comprehensive income attributable to:
Owners of the Company	2,559	4,205	(39)
Non-controlling interests	678	(238)	NM
Total comprehensive income for the period	3,237	3,967	(18)
Earnings per share
- Basic (cents)	0.96	2.52	(62)
- Diluted (cents)	0.96	2.52	(62)

2

1. Condensed interim statements of financial position

		Group		Company
	Note	31.12.2021	30.06.2021	31.12.2021	30.06.2021
		$'000	$'000	$'000	$'000
Non-current assets
Plant and equipment		1,641	1,596	5	5
Investment property	E10	24,246	20,632	-	-
Intangible assets and goodwill	E11	18,378	18,339	102	29
Right-of-use assets		633	853	-	-
Subsidiaries		-	-	31,385	31,385
Joint venture		118	8	-	-
Financial assets	E12	15,236	13,243	11,781	11,311
Amounts due from related parties		-	-	10,248	7,704
Deferred tax assets		28	67		-	-
		60,280	54,738	53,521	50,434
Current assets
Trade and other receivables		13,251	14,368	531	30
Inventories		4,543	3,947	-	-
Amounts due from related parties		348	316	995	1,950
Cash and cash equivalents	E14	58,687	64,404		48,090	54,292
		76,829	83,035		49,616	56,272
Total assets		137,109	137,773	103,137	106,706
Equity attributable to Owners
of the Company
Share capital	E15	89,566	89,566	89,566	89,566
Treasury shares	E15	(126)	(126)	(126)	(126)
Reserves		(11,268)	(11,962)	158	29
Retained earnings		34,769	36,237		11,203	14,683
		112,941	113,715	100,801	104,152
Non-controlling interests		8,067	7,045		-	-
Total equity		121,008	120,760	100,801	104,152
Non-current liabilities
Lease liabilities		181	336	-	-
Provisions		176	176	-	-
Deferred tax liabilities		788	711		-	-
		1,145	1,223	-	-
Current liabilities
Trade and other payables		13,868	14,279	1,173	1,391
Amounts due to related parties		72	575	1,163	1,163
Lease liabilities		495	572	-	-
Provisions		47	38	-	-
Income tax payable		474	326		-	-
		14,956	15,790		2,336	2,554
Total liabilities		16,101	17,013		2,336	2,554
Total equity and liabilities		137,109	137,773	103,137	106,706
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1. Condensed interim statements of changes in equity

						Foreign		Total
						currency		attributable	Non-
		Share	Treasury	Capital	Fair value	translation	Retained to Owners of	controlling	Total
Group	capital	shares	reserve	reserve	reserve	earnings	the Company	interests	equity
		$'000	$'000	$'000	$'000	$'000	$'000	$'000	$'000	$'000
Balance as at 1 July 2021	89,566	(126)	(11,648)	105	(419)	36,237	113,715	7,045	120,760
Total comprehensive income for the period
Profit for the period	-	-	-	-	-	1,594	1,594	552	2,146
Other comprehensive income
Exchange differences arising from translation of
financial statements of foreign operations	-	-	-	-	542	-	542	126	668
Net change in fair value of financial assets at fair
value through other comprehensive income	-	-	-	423	-	-	423	-	423
Transfer of gain on disposal of financial assets at
fair value through other comprehensive income to
retained earnings	-	-	-	(271)	-	271	-	-	-
Total other comprehensive income, net of tax		-	-	-	152	542	271	965	126	1,091
Total comprehensive income for the period		-	-	-	152	542	1,865	2,559	678	3,237
Transactions with Owners, recorded directly
in equity
Contributions by and distributions to Owners
Final dividend of 2.00 cents per share
in respect of 2021	-	-	-	-	-	(3,333)	(3,333)	-	(3,333)
Total contributions by and distributions to Owners	-	-	-	-	-	(3,333)	(3,333)	-	(3,333)
Changes in ownership interest in a subsidiary
Capital injection by non-controlling interest	-	-	-	-	-	-	-	344	344
Total changes in ownership interest in a subsidiary		-	-	-	-	-	-	-	344	344
Total transactions with Owners		-	-	-	-	-	(3,333)	(3,333)	344	(2,989)
Balance as at 31 December 2021	89,566	(126)	(11,648)	257	123	34,769	112,941	8,067	121,008
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