SHENG SIONG GROUP LTD
Condensed Interim Financial Statements
For the 6 Months and Full Year Ended 31 December 2021
Contents | |
A. Interim Consolidated Statement of Profit or Loss and Other Comprehensive | |
Income | 2 |
B. Interim Statements of Financial Position | 4 |
C. Interim Statements of Changes in Equity | 5 |
D. Interim Consolidated Statement of Cash Flows | 7 |
E. Notes to the Condensed Interim Financial Statements | 8 |
F. Other Information Required by Listing Rule Appendix 7.2 | 20 |
1
SHENG SIONG GROUP LTD
Condensed Interim Financial Statements
For the 6 Months and Full Year Ended 31 December 2021
- Interim Consolidated Statement of Profit or Loss and Other Comprehensive Income
The Group | |||||||
6 months ended | 12 months ended | ||||||
31 Dec | 31 Dec | 31 Dec | 31 Dec | ||||
2021 | 2020 | Change | 2021 | 2020 | Change | ||
Note | S$'000 | S$'000 | +/ (-) | S$'000 | S$'000 | +/ (-) | |
Revenue | 5 | 688,085 | 646,598 | 6.4% | 1,369,760 | 1,393,998 | (1.7%) |
Cost of sales | (487,309) | (471,079) | 3.4% | (976,468) | (1,012,140) | (3.5%) | |
Gross profit | 200,776 | 175,519 | 14.4% | 393,292 | 381,858 | 3.0% | |
Other income | 6 | 4,564 | 21,298 | (78.6%) | 12,110 | 41,243 | (70.6%) |
Selling and | |||||||
distribution | |||||||
expenses | (4,016) | (2,451) | 63.9% | (7,576) | (7,222) | 4.9% | |
Administrative | |||||||
expenses | (116,883) | (115,939) | 0.8% | (230,237) | (245,159) | (6.1%) | |
Other expenses | (2,636) | (2,429) | 8.5% | (5,358) | (4,580) | 17.0% | |
Results from | |||||||
operating | |||||||
activities | 81,805 | 75,998 | 7.6% | 162,231 | 166,140 | (2.4%) | |
Finance income | 6 | 631 | 416 | 51.7% | 1,115 | 984 | 13.3% |
Finance expenses | 6 | (1,286) | (958) | 34.2% | (2,364) | (2,016) | 17.3% |
Profit before tax | 6 | 81,150 | 75,456 | 7.5% | 160,982 | 165,108 | (2.5%) |
Tax expense | 7 | (14,133) | (11,547) | 22.4% | (27,874) | (25,975) | 7.3% |
Profit for the year | 67,017 | 63,909 | 4.9% | 133,108 | 139,133 | (4.3%) | |
Profit attributable | |||||||
to: | |||||||
Owners of the | |||||||
company | 66,899 | 63,834 | 4.8% | 132,833 | 138,650 | (4.2%) | |
Non-controlling | |||||||
interest | 118 | 75 | 57.3% | 275 | 483 | (43.1%) | |
Profit after tax | 67,017 | 63,909 | 4.9% | 133,108 | 139,133 | (4.3%) |
2
SHENG SIONG GROUP LTD
Condensed Interim Financial Statements
For the 6 Months and Full Year Ended 31 December 2021
The Group
Note
Other comprehensive income
Item that is or may be reclassified subsequently to profit or loss:
Foreign currency translation differences - foreign entities
Total comprehensive income for the period / year Total
comprehensive income attributable to:
Owners of the company Non-controlling
interest
Total comprehensive income for the
period / year
Earnings per share
Basic and diluted
(cents)8
6 months ended | 12 months ended | ||||
31 Dec | 31 Dec | 31 Dec | 31 Dec | ||
2021 | 2020 | Change | 2021 | 2020 | Change |
S$'000 | S$'000 | +/ (-) | S$'000 | S$'000 | +/ (-) |
22 | 198 | n.m | (169) | 293 | n.m |
67,039 | 64,107 | 4.6% | 132,939 | 139,426 | (4.7%) |
66,912 | 63,953 | 4.6% | 132,732 | 138,826 | (4.4%) |
127 | 154 | (17.5%) | 207 | 600 | (65.5%) |
67,039 | 64,107 | 4.6% | 132,939 | 139,426 | (4.7%) |
4.45 | 4.25 | 8.83 | 9.22 |
n.m denotes not meaningful
3
SHENG SIONG GROUP LTD
Condensed Interim Financial Statements
For the 6 Months and Full Year Ended 31 December 2021
- Interim Statements of Financial Position
The Group | The Company | |||||
31 Dec | 31 Dec | 31 Dec | 31 Dec | |||
2021 | 2020 | 2021 | 2020 | |||
Note | S$'000 | S$'000 | S$'000 | S$'000 | ||
Assets | ||||||
Property, plant and | ||||||
equipment | 12 | 302,883 | 291,588 | - | - | |
Right-of-use assets | 12 | 79,505 | 48,711 | - | - | |
Investment in subsidiaries | - | - | 82,261 | 82,261 | ||
Non-current assets | 382,388 | 340,299 | 82,261 | 82,261 | ||
Inventories | 98,383 | 77,911 | - | - | ||
Trade and other receivables | 11,604 | 19,949 | 200,721 | 199,300 | ||
Cash and cash equivalents | 246,642 | 253,901 | 308 | 274 | ||
Current assets | 356,629 | 351,761 | 201,029 | 199,574 | ||
Total assets | 739,017 | 692,060 | 283,290 | 281,835 | ||
Equity | ||||||
Share capital | 10 | 235,373 | 235,373 | 235,373 | 235,373 | |
Merger reserve | (68,234) | (68,234) | - | - | ||
Foreign currency translation | ||||||
reserve | (98) | 3 | - | - | ||
Accumulated profits | 246,365 | 205,248 | 47,551 | 46,083 | ||
Equity attributable to owners of the | 413,406 | 372,390 | 282,924 | 281,456 | ||
Company | ||||||
Non-controlling interest | 2,916 | 2,709 | - | - | ||
Total equity | 416,322 | 375,099 | 282,924 | 281,456 | ||
Liabilities | ||||||
Deferred tax liabilities | 3,229 | 3,615 | - | - | ||
Term loan | 14 | - | 15,000 | - | - | |
Lease liabilities | 15 | 48,945 | 23,129 | - | - | |
Non-current liabilities | 52,174 | 41,744 | - | - | ||
Trade and other payables | 212,391 | 208,089 | 361 | 379 | ||
Current tax payable | 25,381 | 29,754 | 5 | - | ||
Term loan | 14 | 5,000 | 15,000 | - | - | |
Lease liabilities | 15 | 27,749 | 22,374 | - | - | |
Current liabilities | 270,521 | 275,217 | 366 | 379 | ||
Total liabilities | 322,695 | 316,961 | 366 | 379 | ||
Total equity and liabilities | 739,017 | 692,060 | 283,290 | 281,835 | ||
4
SHENG SIONG GROUP LTD
Condensed Interim Financial Statements
For the 6 Months and Full Year Ended 31 December 2021
- Interim Statements of Changes in Equity
Attributable to owners of the Company | ||||||||
Foreign | ||||||||
currency | Non- | |||||||
Share | Merger | translation | Accumulated | Controlling | Total | |||
Group | capital | reserve | reserve | profits | Total | interest | equity | |
S$'000 | S$'000 | S$'000 | S$'000 | S$'000 | S$'000 | S$'000 | ||
At 1 January 2021 | 235,373 | (68,234) | 3 | 205,248 | 372,390 | 2,709 | 375,099 | |
Total comprehensive | ||||||||
income for the year | ||||||||
Profit for the year | - | - | - | 132,833 | 132,833 | 275 | 133,108 | |
Other comprehensive | ||||||||
Income | ||||||||
Foreign currency | ||||||||
translation differences | - | - | (101) | - | (101) | (68) | (169) | |
Total comprehensive | ||||||||
income for the year | - | - | (101) | 132,833 | 132,732 | 207 | 132,939 | |
Transaction with | ||||||||
owners, recognised | ||||||||
directly in equity | ||||||||
Distribution to owners | ||||||||
of the Company | ||||||||
Dividends paid (Note 9) | - | - | - | (91,716) | (91,716) | - | (91,716) | |
Total transaction with | ||||||||
Owners | - | - | - | (91,716) | (91,716) | - | (91,716) | |
At 31 December 2021 | 235,373 | (68,234) | (98) | 246,365 | 413,406 | 2,916 | 416,322 | |
At 1 January 2020 | 235,373 | (68,234) | (173) | 146,285 | 313,251 | 2,109 | 315,360 | |
Total comprehensive | ||||||||
income for the year | ||||||||
Profit for the year | - | - | - | 138,650 | 138,650 | 483 | 139,133 | |
Other comprehensive | ||||||||
Income | ||||||||
Foreign currency | ||||||||
translation differences | - | - | 176 | - | 176 | 117 | 293 | |
Total comprehensive | ||||||||
income for the year | - | - | 176 | 138,650 | 138,826 | 600 | 139,426 | |
Transaction with | ||||||||
owners, recognised | ||||||||
directly in equity | ||||||||
Distribution to owners | ||||||||
of the Company | ||||||||
Dividends paid (Note 9) | - | - | - | (79,687) | (79,687) | - | (79,687) | |
Total transaction with | ||||||||
Owners | - | - | - | (79,687) | (79,687) | - | (79,687) | |
At 31 December 2020 | 235,373 | (68,234) | 3 | 205,248 | 372,390 | 2,709 | 375,099 |
5
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Sheng Siong Group Ltd. published this content on 24 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 February 2022 01:11:06 UTC.