Oriental : Quarterly Report for Q3FY22

ORIENTAL HOLDINGS BERHAD

(Registration No. 196301000446 (5286-U))

(Incorporated in Malaysia)

FINANCIAL REPORT

30 SEPTEMBER 2022

ORIENTAL HOLDINGS BERHAD

(Registration No. 196301000446 (5286-U))

(Incorporated in Malaysia)

INTERIM FINANCIAL REPORT

30 SEPTEMBER 2022

	Page No.
Condensed Consolidated Statement of Financial Position	1
Condensed Consolidated Statement of Comprehensive Income	2 - 3
Condensed Consolidated Statement of Changes in Equity	4
Condensed Consolidated Statement of Cash Flows	5 - 6
Notes to the Interim Financial Report	7 - 21

ORIENTAL HOLDINGS BERHAD

(Registration No. 196301000446 (5286-U))

(Incorporated in Malaysia)

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 2022

	As at End of		As at Preceding
	Current Quarter		Financial Year End
	30 Sept 2022		31 Dec 2021
	RM'000		RM'000	Changes
	(Unaudited)		(Audited)	%
Assets
Property, plant and equipment	1,960,206	1,919,410	2.1
Right-of-use assets	333,052	328,170	1.5
Investment properties	1,086,966	1,095,528	-0.8
Intangible assets	23,729	23,059	2.9
Investments in associates	620,559	624,502	-0.6
Other investments	597,012	679,934	-12.2
Deferred tax assets	57,407	57,451	-0.1
Inventories	35,888	35,941	-0.1
Other receivables	35,098		31,141	12.7
Total non-current assets	4,749,917		4,795,136	-0.9
Inventories	324,211	239,028	35.6
Biological assets	16,178	15,615	3.6
Trade and other receivables	425,061	357,770	18.8
Current tax assets	10,079	13,982	-27.9
Other investments	1,498,596	1,426,929	5.0
Cash and cash equivalents	3,664,120	3,526,066	3.9
Assets classified as held for sale	-	16,018	-100.0
Deferred tax assets	-		58,655	-100.0
Total current assets	5,938,245		5,654,063	5.0
Total assets	10,688,162	10,449,199	2.3
Equity
Share capital	620,462	620,462	0.0
Reserves	1,336,091	1,275,796	4.7
Retained earnings	5,068,627	4,881,515	3.8
Treasury stocks	(249)		(249)	0.0
Total equity attributable to stockholders of the Company	7,024,931	6,777,524	3.7
Non-controlling interests	1,175,471		980,160	19.9
Total Equity	8,200,402	7,757,684	5.7
Liabilities
Borrowings	117,660	147,829	-20.4
Lease liabilities	22,670	22,250	1.9
Contract liabilities	76,050	47,816	59.0
Retirement benefits	28,103	26,235	7.1
Deferred tax liabilities	41,593		41,516	0.2
Total non-current liabilities	286,076		285,646	0.2
Borrowings	1,701,393	1,866,950	-8.9
Lease liabilities	853	6,031	-85.9
Current tax liabilities	45,257	116,009	-61.0
Trade and other payables	327,802	327,572	0.1
Contract liabilities	2,307	27,271	-91.5
Dividends payable	124,072		62,036	100.0
Total current liabilities	2,201,684		2,405,869	-8.5
Total liabilities	2,487,760		2,691,515	-7.6
Total equity and liabilities	10,688,162	10,449,199	2.3
Net assets per stock (sen)	1132.34	1092.46	3.7

The selected explanatory notes form an integral part of, and, should be read in conjunction with, this interim financial report.

1

ORIENTAL HOLDINGS BERHAD

(Registration No. 196301000446 (5286-U))

(Incorporated in Malaysia)

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE PERIOD ENDED 30 SEPTEMBER 2022

Individual Quarter		Cumulative Quarters
Current	Preceding		Current Year	Preceding Year
Year	Year		To Date	To Date
Quarter	Quarter		(Three quarters	(Three quarters
30 Sept 2022	30 Sept 2021		to 30 Sept 2022)	to 30 Sept 2021)
RM'000	RM'000	Changes	RM'000	RM'000
(Unaudited)	(Unaudited)	%	(Unaudited)	(Unaudited)

Changes

%

Revenue

Results from operating activities

Finance costs

Share of profits after tax of equity accounted associates

Profit before taxation

Tax expense

Profit from continuing operations

Other comprehensive income, net of tax

Foreign currency translation differences for foreign operations :

- gain/(loss) during the period

Fair value (loss)/ profit of equity instruments designated at fair value through other comprehensive income

Share of other comprehensive (expense)/ income of equity accounted associates

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

960,252

173,331

(5,181)

23,389

191,539

(34,308)

157,231

62,525

(42,559)

(12)

19,954

708,089

139,471

(3,558)

5,060

140,973

(26,499)

114,474

(22,556)

6,125

(3)

(16,434)

35.6

24.3

(45.6)

362.2

35.9

(29.5)

37.4

377.2

(794.8)

(300.0)

221.4

2,839,396

820,959

(11,741)

62,883

872,101

(144,027)

728,074

116,841

(58,565)

445

58,721

2,361,483

417,673

(10,162)

28,257

435,768

(74,769)

360,999

17,922

(2,079)

3,221

19,064

20.2

96.6

(15.5)

122.5

100.1

(92.6)

101.7

551.9

(2,717.2)

(86.2)

208.0

Total comprehensive income for the period

177,185

98,040

80.7

786,795

380,063

Profit attributable to:

107.0

Stockholders of the Company	102,348	68,656	49.1	506,999	225,631	124.7
Non-controlling interests	54,883	45,818	19.8	221,075	135,368	63.3
Profit for the period	157,231	114,474	37.4	728,074	360,999	101.7
Total comprehensive income attributable to:
Stockholders of the Company	111,953	47,169	137.3	557,588	238,972	133.3
Non-controlling interests	65,232	50,871	28.2	229,207	141,091	62.5
Total comprehensive income for the period	177,185		98,040	80.7	786,795		380,063	107.0
Weighted average number of stocks in issue ('000)	620,362	620,362		620,362	620,362
Basic earnings per stock (sen)
(based on the weighted average number of stocks)	16.50	11.07	49.1	81.73	36.37	124.7

The selected explanatory notes form an integral part of, and, should be read in conjunction with, this interim financial report.

2

ORIENTAL HOLDINGS BERHAD

(Registration No. 196301000446 (5286-U))

(Incorporated in Malaysia)

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

FOR THE PERIOD ENDED 30 SEPTEMBER 2022

Individual Quarter	Cumulative Quarters
Current	Preceding	Current Year	Preceding Year
Year	Year	To Date	To Date
Quarter	Quarter	(Three quarters	(Three quarters
30 Sept 2022	30 Sept 2021	to 30 Sept 2022)	to 30 Sept 2021)
RM'000	RM'000	RM'000	RM'000
(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)

Included in the Total Comprehensive Expense/Income for the period are the followings :

Interest income	(21,278)	(12,295)	(47,527)	(37,627)
Other income including investment income	(4,010)	(19,959)	(17,740)	(24,600)
Interest expense	5,181	3,558	11,741	10,162
Depreciation and amortisation	39,576	36,916	118,432	112,214
Bad debts written off/ (recovered)	49	(59)	54	(221)
Write down of inventories	1,005	987	1,337	1,064
Property, plant and equipment write off	11	146	101	222
(Gain)/ Loss on disposal of investments	(622)	(83)	(612)	318
Gain on disposal of property, plant and equipment	(1,027)	(287)	(213,910)	(2,410)
Reversal of impairment loss on assets	(301)	(421)	(333)	(122)
Unrealised foreign exchange loss/ (gain)	70,624	(26,930)	(109,854)	(107,629)
Realised foreign exchange (gain)/ loss	(109,490)	522	(132,137)	(5,068)

The selected explanatory notes form an integral part of, and, should be read in conjunction with, this interim financial report.

3