Quarterly rpt on consolidated results for the financial period ended 31 Dec 2021
TOWER REAL ESTATE INVESTMENT TRUST
Financial Year End | 30 Jun 2022 |
Quarter | 2 Qtr |
Quarterly report for the financial | 31 Dec 2021 |
period ended | |
The figures | have not been audited |
Attachments
Tower REIT Q2 Results (31.12.2021).pdf
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Default Currency Other Currency
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2021
INDIVIDUAL PERIOD | CUMULATIVE PERIOD | ||||
CURRENT | PRECEDING YEAR | CURRENT | PRECEDING | ||
YEAR | CORRESPONDING | YEAR TO | YEAR | ||
QUARTER | QUARTER | DATE | CORRESPONDING | ||
PERIOD | |||||
31 Dec 2021 | 31 Dec 2020 | 31 Dec 2021 | 31 Dec 2020 | ||
$$'000 | $$'000 | $$'000 | $$'000 | ||
1 | Revenue | 8,150 | 8,587 | 16,362 | 15,098 |
2 | Profit/(loss) before | 1,527 | 1,447 | 3,659 | 3,014 |
tax | |||||
3 | Profit/(loss) for the | 1,527 | 1,447 | 3,659 | 3,014 |
period | |||||
4 | Profit/(loss) | 1,527 | 1,447 | 3,659 | 3,014 |
attributable to | |||||
ordinary equity | |||||
holders of the | |||||
parent | |||||
5 | Basic | 0.54 | 0.52 | 1.30 | 1.07 |
earnings/(loss) per | |||||
share (Subunit) | |||||
6 | Proposed/Declared | 1.20 | 1.05 | 1.20 | 1.05 |
dividend per share | |||||
(Subunit) | |||||
AS AT END OF CURRENT | AS AT PRECEDING FINANCIAL | ||||
QUARTER | YEAR END | ||||
7 | Net assets per | 1.8628 | 1.8613 | ||
share attributable | |||||
to ordinary equity | |||||
holders of the | |||||
parent ($$) |
Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit. Example for the subunit as follows:
Country | Base Unit | Subunit |
Malaysia | Ringgit | Sen |
United States | Dollar | Cent |
United Kingdom | Pound | Pence |
Announcement Info
Company Name | TOWER REAL ESTATE INVESTMENT TRUST |
Stock Name | TWRREIT |
Date Announced | 21 Jan 2022 |
Category | Financial Results |
Reference Number | FRA-21012022-00003 |
TOWER REAL ESTATE INVESTMENT TRUST
CONDENSED FINANCIAL STATEMENTS
FOR THE SECOND QUARTER ENDED 31 DECEMBER 2021
Contents | Page |
Condensed Statement of Comprehensive Income | 1 |
Condensed Statement of Financial Position | 2 |
Condensed Statement of Changes In Net Asset Value | 3 |
Condensed Statement of Cash Flow | 4 |
Notes to the Financial Statements | 5 - 12 |
TOWER REAL ESTATE INVESTMENT TRUST
CONDENSED STATEMENT OF COMPREHENSIVE INCOME
FOR THE SECOND QUARTER ENDED 31 DECEMBER 2021
The figures have not been audited. | Individual Quarter | Cumulative Quarter | |||||
Preceding Year | Preceding | ||||||
Current Year | Corresponding | Current Year | Year | ||||
Quarter Ended | Quarter Ended | To Date | To Date | ||||
31.12.2021 | 31.12.2020 | 31.12.2021 | 31.12.2020 | ||||
RM'000 | RM'000 | RM'000 | RM'000 | ||||
Income | |||||||
Gross revenue | 8,150 | 8,587 | 16,362 | 15,098 | |||
Property operating expenses | (3,453) | (3,759) | (6,474) | (6,842) | |||
Net property income | 4,697 | 4,828 | 9,888 | 8,256 | |||
Interest income | 14 | 11 | 24 | 21 | |||
Other income | 16 | - | 18 | 28 | |||
4,727 | 4,839 | 9,930 | 8,305 | ||||
Expenses | |||||||
Manager's fees | (573) | (577) | (1,161) | (1,101) | |||
Trustee's fee | (39) | (40) | (79) | (80) | |||
Administrative expenses | (205) | (488) | (273) | (1,032) | |||
Interest expenses | (2,383) | (2,287) | (4,758) | (3,078) | |||
(3,200) | (3,392) | (6,271) | (5,291) | ||||
Net Trust Income | 1,527 | 1,447 | 3,659 | 3,014 | |||
Change in fair value of investment properties | - | - | - | - | |||
Income before tax | 1,527 | 1,447 | 3,659 | 3,014 | |||
Taxation | - | - | - | - | |||
Income after tax | 1,527 | 1,447 | 3,659 | 3,014 | |||
Other comprehensive income | - | - | - | - | |||
Total comprehensive income for the period | 1,527 | 1,447 | 3,659 | 3,014 | |||
Total comprehensive income for the period | - | ||||||
is made up as follows: | |||||||
- Realised | 1,527 | 1,447 | 3,659 | 3,014 | |||
- Unrealised | - | - | - | - | |||
1,527 | 1,447 | 3,659 | 3,014 | ||||
BASIC EARNINGS PER UNIT (SEN) | |||||||
- Realised | 0.54 | 0.52 | 1.30 | 1.07 | |||
- Unrealised | - | - | - | - | |||
0.54 | 0.52 | 1.30 | 1.07 | ||||
The Condensed Statement of Comprehensive Income should be read in conjunction with the audited financial statements for the financial year ended 30 June 2021 and the accompanying explanatory notes attached.
1
TOWER REAL ESTATE INVESTMENT TRUST
CONDENSED STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021
Unaudited | Audited | ||
As At | As At | ||
31.12.2021 | 30.06.2021 | ||
RM'000 | RM'000 | ||
ASSETS | |||
Non-current assets | |||
Plant and equipment | 12,616 | 11,965 | |
Investment properties | 811,800 | 811,800 | |
824,416 | 823,765 | ||
Current Assets | |||
Trade receivables | 544 | 487 | |
Other receivables, deposits and prepayments | 305 | 327 | |
Cash and bank balances | 2,912 | 2,553 | |
3,761 | 3,367 | ||
TOTAL ASSETS | 828,177 | 827,132 | |
LIABILITIES | |||
Non-current liabilities | |||
Tenants' deposits | 5,636 | 6,248 | |
Borrowings | 259,965 | 259,856 | |
Deferred tax liability | 19,414 | 19,414 | |
285,015 | 285,518 | ||
Current liabilities | |||
Trade payables | 17 | 863 | |
Other payables and provisions | 5,111 | 5,291 | |
Tenants' deposits | 4,723 | 4,253 | |
Borrowings | 10,800 | 9,100 | |
20,651 | 19,507 | ||
TOTAL LIABILITIES | 305,666 | 305,025 | |
NET ASSET VALUE | 522,511 | 522,107 | |
REPRESENTED BY: | |||
Unitholders' capital | 285,345 | 285,345 | |
Undistributed income - unrealised | 174,846 | 174,846 | |
Undistributed income - realised | 62,320 | 61,916 | |
522,511 | 522,107 | ||
NUMBER OF UNITS IN CIRCULATION (UNITS) | 280,500,000 | 280,500,000 | |
NET ASSET VALUE PER UNIT (RM) | |||
- Before income distribution | 1.8628 | 1.8613 | |
- After income distribution | 1.8508 | 1.8497 |
The Condensed Statement of Financial Position should be read in conjunction with the audited financial statements for the financial year ended 30 June 2021 and the accompanying explanatory notes attached.
2
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GuocoLand Limited published this content on 22 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 January 2022 06:43:06 UTC.