JACKSPEED CORPORATION LIMITED
(Incorporated in Singapore)
Registration No. 199300300W
CONDENSED INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 31 AUGUST 2021
Table of Contents | Page |
A. Condensed Interim Statement of Profit or Loss and Other Comprehensive Income | .............................................. 2 |
B. Condensed Interim Statement of Financial Position .............................................................................................. | 3 |
C. Condensed Interim Statement of Changes in Equity .............................................................................................. | 4 |
D. Condensed Interim Statement of Cash Flows......................................................................................................... | 5 |
E. Notes to the Condensed Interim Financial Statements ........................................................................................... | 6 |
F. Other information required by Listing Rule Appendix 7.2 ........................................................................................ | 11 |
1
JACKSPEED CORPORATION LIMITED
(Incorporated in Singapore)
Registration No. 199300300W
Condensed Interim Statement of Profit or Loss and Other Comprehensive Income
Period ended 31 August 2021
Company | |||||
1HY2022 | 1HY2021 | Change | |||
Notes | $'000 | $'000 | % | ||
Revenue | - | - | n.m. | ||
Cost of sales | - | - | n.m. | ||
Gross profit | - | - | n.m. | ||
Other income and gains | 5 | 10 | 40 | (75.0) | |
Administrative expenses | (275) | (280) | (1.8) | ||
Other expenses | 5 | - | - | n.m. | |
Loss before tax from continuing operations | (265) | (240) | 10.4 | ||
Income tax expense | - | - | n.m. | ||
Loss from continuing operations | (265) | (240) | 10.4 | ||
Discontinued operations | |||||
Loss after tax from discontinued operations | 6 | - | (14) | (100.0) | |
Loss and total comprehensive loss for the period | (265) | (254) | 4.3 | ||
Total comprehensive loss | |||||
From continuing operations | (265) | (240) | 10.4 | ||
From discontinued operations | - | (14) | (100.0) | ||
(265) | (254) | 4.3 | |||
Loss per share | |||||
Loss per share currency unit | Cents | Cents | |||
Basic and diluted | |||||
Continuing operations | (0.09) | (0.08) | 12.5 | ||
Discontinued operations | - | - | n.m. | ||
Total | (0.09) | (0.08) | 12.5 |
n.m. = not meaningful
2
JACKSPEED CORPORATION LIMITED
(Incorporated in Singapore)
Registration No. 199300300W
Condensed Interim Statement of Financial Position
As at 31 August 2021
Company | ||||
31 Aug 2021 | 28 Feb 2021 | |||
ASSETS | Note | $'000 | $'000 | |
Current assets | ||||
Trade and other receivables | 5 | 622 | ||
Other assets | 22 | 14 | ||
Cash and cash equivalents | 83 | 74 | ||
Total current assets | 110 | 710 | ||
Total assets | 110 | 710 | ||
EQUITY AND LIABILITIES | ||||
Equity | ||||
Share capital | 14 | 293 | 293 | |
Treasury shares | 14 | (50) | (50) | |
Accumulated losses | (809) | (544) | ||
Total equity (adverse balance) | (566) | (301) | ||
Current liabilities | ||||
Other non-financial liabilities | - | 2 | ||
Trade and other payables | 676 | 1,009 | ||
Total current liabilities | 676 | 1,011 | ||
Total liabilities | 676 | 1,011 | ||
Total equity and liabilities | 110 | 710 |
3
JACKSPEED CORPORATION LIMITED
(Incorporated in Singapore)
Registration No. 199300300W
Condensed Interim Statement of Changes in Equity
Period ended 31 August 2021
1 | ||||
Total | 2 | Share | Treasury | Accumulated |
equity | 3 | capital | shares | losses |
$'000 | 4 | $'000 | $'000 | $'000 |
Current year: | |||||||
Opening balance at 1 March 2021 | (301) | 293 | (50) | (544) | |||
Changes in equity: | |||||||
Total comprehensive loss for the period | (265) | - | - | (265) | |||
Closing balance at 31 August 2021 | (566) | 293 | (50) | (809) | |||
Previous year: | |||||||
Opening balance at 1 March 2020 | 209 | 293 | (50) | (34) | |||
Changes in equity: | |||||||
Total comprehensive income for the period | (254) | - | - | (254) | |||
Closing balance at 31 August 2020 | (45) | 293 | (50) | (288) | |||
4
JACKSPEED CORPORATION LIMITED
(Incorporated in Singapore)
Registration No. 199300300W
Condensed Interim Statement of Cash Flows
Period ended 31 August 2021
Company | ||||
31 Aug 2021 | 31 Aug 2020 | |||
$'000 | $'000 | |||
Cash flows from operating activities | ||||
Loss before tax: | ||||
Continuing operations | (265) | (240) | ||
Discontinued operations | - | (14) | ||
(265) | (254) | |||
Adjustments for: | ||||
Interest expense | - | 15 | ||
Operating cash flows before changes in working capital | (265) | (239) | ||
Trade and other receivables | 617 | 791 | ||
Other assets | (8) | 4 | ||
Trade and other payables | 156 | 37 | ||
Other non-financial liabilities | (2) | - | ||
Net cash flows from operations before tax | 498 | 593 | ||
Income taxes paid | - | - | ||
Net cash flows from operating activities | 498 | 593 | ||
Cash flows from financing activities | ||||
Net movements in amounts due to related parties | (489) | 1,147 | ||
Decrease in other financial liabilities | - | (1,942) | ||
Interest paid | - | (17) | ||
Net cash flows used in financing activities | (489) | (812) | ||
Net increase / (decrease) in cash and cash equivalents | 9 | (219) | ||
Cash and cash equivalents, statement of cash flows, beginning balance | 74 | 275 | ||
Cash and cash equivalents, statement of cash flows, ending balance | 83 | 56 |
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Jackspeed Corporation Limited published this content on 08 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 October 2021 10:31:06 UTC.