United Plantations Bhd Ord Shs : Interim Report 2016

Interim Report 2016

UNITED PLANTATIONS BERHAD

(Company no. 240-A)

Jendarata Estate • 36009 Teluk Intan • Darul Ridzuan • Malaysia

Condensed Consolidated Statement Of Comprehensive Income for the Six Months Ended 30 June 2016

(The figures have not been audited)

Individual Quarter Cumulative Quarter

3 months ended 6 months ended

(RM '000)	2016	2015	2016	2015
Revenue	277,734	255,692	537,314	489,608
Operating expenses Other operating income	(213,435)	(175,323) 3,587	(428,375)	(344,839) 16,768
Finance costs Interest income	15,831 (7)	(7) 6,740	48,188 (12)	(15) 13,548
Share of results of jointly controlled entity	6,852 -	(609)	13,995 -	(3,302)
Profit before taxation	86,975	90,080	171,110	171,768
Income tax expense	(14,412)	(19,853)	(38,693)	(40,228)
Profit after taxation	72,563	70,227	132,417	131,540
Profit for the period	72,563	70,227	132,417	131,540

30 June 30 June

Net profit attributable to: Equity holders of the parent Non-controlling interests

Earnings per share

1. Basic - based on an average 207,792,492 (2015:207,792,492) ordinary shares (sen)

2. Fully diluted (not applicable)

72,352

211

72,563

34.82

-

69,685

542

70,227

33.54

-

132,107

310

132,417

63.58

-

130,835

704

131,539

62.96

-

The Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the Annual Audited Financial Statements for the year ended 31 December 2015.

Condensed Consolidated Statement of Comprehensive Income for the Six Months ended 30 June 2016

(The figures have not been audited)

Individual Quarter Cumulative Quarter

3 months ended 6 months ended

30 June 30 June

(RM '000)

Profit for the period

Currency translation differences arising from consolidation

Total Comprehensive income

Total comprehensive income attributable to: Equity holders of the parent

Non-controlling interests

2016

72,563

1,824

74,387

73,605

782

74,387

2015

70,227

66

70,293

69,751

542

70,293

2016

132,417

(2,170)

130,247

129,625

622

130,247

2015

131,539

239

131,778

131,074

704

131,778

The Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the Annual Audited Financial Statements for the year ended 31 December 2015.

United Plantations Berhad • Interim Report 2016 • 3/15

Condensed Consolidated Statement of Financial Position as at 30 June 2016

(The figures have not been audited)

(RM '000)

30 June

2016

31 December

2015

Assets

Non-Current Assets Biological assets

Property, plant and equipment Land Use Rights

Associated company

Available for sale financial assets Derivatives

Total non-current assets

432,089

941,691

35,157

50

- 10,961

424,747

936,861

33,890

50

6,446

-

1,401,994

1,419,948

Current Assets

Inventories

Trade & other receivables Prepayments

Tax recoverable Derivatives

Cash and bank balances Short term funds

Total current assets

115,386

199,061

3,894

15,682

1,760

227,228

477,788

110,987

206,910

1,616

985

1,239

400,005

352,843

1,074,585

1,040,799

2,476,579

Total assets 2,460,747

Equity and liabilities

Equity attributable to equity holders of the parent Share capital

Share premium Treasury shares Other reserves Retained profits

Non-controlling interests Total Equity

208,134

181,920

(8,635)

23,376

1,814,773

2,219,568

3,780

208,134

181,920

(8,635)

25,858

1,828,121

2,235,398

3,158

2,238,556

2,223,348

Non-Current Liabilities

Retirement benefit obligations Provision for deferred taxation Derivatives

Total non-current liabilities

12,089

121,982

-

10,728

107,417

2,154

120,299

134,071

Current Liabilities

Trade & other payables Tax Payable

Retirement benefit obligations Derivatives

Bank borrowings Total current liabilities

93,499

8,797

1,024

- 8

71,881

11,526

1,126

33,179

12

117,724

103,328

Total liabilities

238,023

237, 399

2,476,579

Total equity and liabilities 2,460,747

Net assets per share (RM)

10.68

10.76

The Condensed Consolidated Statement of Financial Position should be read in conjunction with the Annual Audited Financial Statements for the year ended 31 December 2015.