Financial Statements and Related Announcement::Half Yearly Results

UOB-KAY HIAN HOLDINGS LIMITED

Condensed Interim Financial Statements

For The Six Months Ended 30 June 2021

Table of contents

	PAGE
Condensed interim consolidated statement of profit or loss and
other comprehensive income		1
Condensed interim statements of financial position	2 -	3
Condensed interim statements of changes in equity	4	-	6
Condensed interim consolidated statement of cash flows	7	-	8
Notes to the condensed interim consolidated financial statements	9	-	25
Other information required by Listing rule Appendix 7.2	26	-	28

UOB-KAY HIAN HOLDINGS LIMITED AND ITS SUBSIDIARIES

CONDENSED INTERIM CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

FOR THE SIX MONTHS ENDED 30 JUNE 2021

		The Group
		6 months	6 months
		ended 30 June	ended 30 June
	Note	2021	2020
		$'000	$'000
Revenue	17	339,695	269,475
Net foreign exchange gain		7,179	7,555
Commission expense		(70,847)	(48,375)
Staff costs	18	(92,123)	(72,977)
Finance expense	19	(26,826)	(26,447)
Other operating expenses	20	(51,224)	(42,079)
Profit before income tax		105,854	87,152
Income tax expense	21	(11,797)	(10,455)
Profit for the period		94,057	76,697
Other comprehensive income:
Items that may be reclassified subsequently to profit or loss
Exchange differences on translation of foreign operations		(2,525)	19,133
Other comprehensive income for the period, net of tax		(2,525)	19,133
Total comprehensive income for the period		91,532	95,830
Profit attributable to:
Owners of the Company		93,011	75,960
Non-controlling interests		1,046	737
		94,057	76,697
Total comprehensive income attributable to:
Owners of the Company		91,548	95,040
Non-controlling interests		(16)	790
		91,532	95,830
Earnings per share:
Basic and diluted	22	11.09 cents	9.24 cents

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UOB-KAY HIAN HOLDINGS LIMITED AND ITS SUBSIDIARIES

CONDENSED INTERIM STATEMENTS OF FINANCIAL POSITION 30 JUNE 2021

		The Group	The Company
		30 June	31 December	30 June	31 December
	Note	2021	2020	2021	2020
ASSETS		$'000	$'000	$'000	$'000
Current assets
Cash and cash equivalents	7	497,756	509,949	524	761
Outstanding contracts receivable		1,173,991	1,027,752	-	-
Trade and other receivables	8	3,234,595	2,524,049	-	-
Other financial assets, at fair
value through profit or loss	9	400,006	121,622	-	-
Other current assets	10	182,798	116,651	157,491	262,846
Derivative financial instruments	11	23,598	54,987	-	-
Total current assets		5,512,744	4,355,010	158,015	263,607
Non-current assets
Trade and other receivables	8	286,176	223,130	202	198
Goodwill		13,957	14,701	-	-
Other intangible assets		298	895	-	-
Subsidiaries		-	-	363,860	363,860
Right-of-use assets		12,290	14,158	-	-
Other financial assets, at fair
value through profit or loss	9	1,537	1,276	-	-
Trading rights in Exchanges		96	95	-	-
Memberships in Exchanges		224	236	-	-
Property, plant and equipment	12	27,794	31,889	-	-
Deferred tax assets		1,572	1,539	-	-
Total non-current assets		343,944	287,919	364,062	364,058
Total assets		5,856,688	4,642,929	522,077	627,665
LIABILITIES
Current liabilities
Outstanding contracts payable		1,145,958	964,432	-	-
Trade and other payables	13	687,853	415,026	70,275	133,547
Borrowings	14	1,957,897	1,170,402	10,125	14,600
Lease liabilities		4,369	5,458	-	-
Debts issued	15	273,552	314,041	-	-
Income tax payable		22,942	22,734	116	138
Derivative financial instruments	11	23,613	55,008	-	-
Total current liabilities		4,116,184	2,947,101	80,516	148,285
Non-current liabilities
Trade and other payables	13	22,469	28,012	-	-
Lease liabilities		8,642	9,425	-	-
Deferred tax liabilities		2,141	2,304	-	-
Total non-current liabilities		33,252	39,741	-	-
Total liabilities		4,149,436	2,986,842	80,516	148,285

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UOB-KAY HIAN HOLDINGS LIMITED AND ITS SUBSIDIARIES

CONDENSED INTERIM STATEMENTS OF FINANCIAL POSITION (cont'd) 30 JUNE 2021

		The Group	The Company
		30 June	31 December	30 June	31 December
	Note	2021	2020	2021	2020
EQUITY		$'000	$'000	$'000	$'000
Capital, reserves and
non-controlling interests
Share capital	16	257,415	217,887	257,415	217,887
Reserves		(26,901)	(25,584)	-	-
Retained earnings		1,457,027	1,443,531	184,146	261,493
Equity attributable to owners
of the Company		1,687,541	1,635,834	441,561	479,380
Non-controlling interests		19,711	20,253	-	-
Total equity		1,707,252	1,656,087	441,561	479,380
Total liabilities and equity		5,856,688	4,642,929	522,077	627,665
Net asset value per share
(cents)		201.63	195.45	52.76	57.28
Clients' trust/segregated
accounts
Bank balances:
- with related parties		2,559,300	2,183,113	-	-
- with non-related banks		2,062,435	2,248,784	-	-
Margin with clearing house		48,438	65,730	-	-
Investment in government debt
securities		94,447	6,402	-	-
Less: Amounts held in trust		(4,764,620)	(4,504,029)	-	-
		-	-	-	-

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