VITROX CORPORATION BERHAD
(Incorporated in Malaysia)
Company No: 200401011463 (649966-K)
INTERIM FINANCIAL REPORT
FOR THE FIRST QUARTER
ENDED 31 MARCH 2023
VITROX CORPORATION BERHAD
(Incorporated in Malaysia)
Company No: 200401011463 (649966-K)
CONTENTS
Page | |
Condensed Consolidated Statement of Comprehensive Income………………….. | 1 |
Condensed Consolidated Statement of Financial Position……..………………….. | 2 |
Condensed Consolidated Statement of Changes in Equity...……………………… | 3-4 |
Condensed Consolidated Statement of Cash Flows…..……………………………. | 5-6 |
Notes to the Interim Financial Report…………………………………………………. | 7-13 |
VITROX CORPORATION BERHAD
(Incorporated in Malaysia)
Company No: 200401011463 (649966-K)
QUARTERLY REPORT ON RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2023
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
(The figures have not been audited) | |||||||||
INDIVIDUAL QUARTER | CUMULATIVE QUARTER | ||||||||
Corresponding | |||||||||
Corresponding | Current | preceding | |||||||
Current quarter | preceding quarter | period-to-date | period-to-date | ||||||
ended | ended | ended | ended | ||||||
31-Mar-23 | 31-Mar-22 | 31-Mar-23 | 31-Mar-22 | ||||||
Note | RM'000 | RM'000 | RM'000 | RM'000 | |||||
Revenue | 133,331 | 185,277 | 133,331 | 185,277 | |||||
Other operating income | 4,899 | 2,222 | 4,899 | 2,222 | |||||
Operating expenses | (103,323) | (138,719) | (103,323) | (138,719) | |||||
Finance costs | (950) | (143) | (950) | (143) | |||||
Share of associate's profit/(loss) | 1,051 | (214) | 1,051 | (214) | |||||
Profit before tax | B12 | 35,008 | 48,423 | 35,008 | 48,423 | ||||
Tax (expense)/income | B5 | (2,151) | 1,447 | (2,151) | 1,447 | ||||
Profit for the financial period | 32,857 | 49,870 | 32,857 | 49,870 |
Other comprehensive income for the financial period:-
- Currency translation differences for the foreign operations
(representing item that may be | ||||||||
reclassified subsequently to profit | ||||||||
or loss) | 279 | 183 | 279 | 183 | ||||
Comprehensive income | ||||||||
for the financial period | 33,136 | 50,053 | 33,136 | 50,053 | ||||
Profit/(loss) for the financial period | ||||||||
attributable to:- | ||||||||
- Owners of the Company | 32,995 | 50,024 | 32,995 | 50,024 | ||||
- Non-controlling interests | (138) | (154) | (138) | (154) | ||||
32,857 | 49,870 | 32,857 | 49,870 | |||||
Comprehensive income for the financial | ||||||||
period attributable to:- | ||||||||
- Owners of the Company | 33,274 | 50,207 | 33,274 | 50,207 | ||||
- Non-controlling interests | (138) | (154) | (138) | (154) | ||||
33,136 | 50,053 | 33,136 | 50,053 | |||||
Earnings per share attributable | ||||||||
to owners of the Company (sen) | B10 | |||||||
- Basic | 3.49 | 5.30 | 3.49 | 5.30 | ||||
- Diluted | 3.18 | 5.29 | 3.18 | 5.29 |
The Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the accompanying explanatory notes and audited financial statements for the financial year ended 31 December 2022.
1
VITROX CORPORATION BERHAD
(Incorporated in Malaysia)
Company No: 200401011463 (649966-K)
QUARTERLY REPORT ON RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2023
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As at | As at | ||
31-Mar-23 | 31-Dec-22 | ||
RM'000 | RM'000 | ||
(Unaudited) | (Audited) | ||
ASSETS | |||
Non-current assets | |||
Property, plant and equipment | 168,280 | 144,654 | |
Investment properties | 44,600 | 44,600 | |
Right-of-use assets | 81,056 | 81,256 | |
Investment in associate | 21,090 | 25,539 | |
Investments in club memberships, at cost | 91 | 91 | |
Deferred tax assets | 702 | 702 | |
315,819 | 296,842 | ||
Current assets | |||
Inventories | 207,350 | 202,706 | |
Receivables | 196,060 | 252,953 | |
Derivatives | 0 | 282 | |
Prepayments | 12,885 | 13,178 | |
Current tax assets | 1,826 | 1,789 | |
Cash and cash equivalents | 415,643 | 370,402 | |
833,764 | 841,310 | ||
TOTAL ASSETS | 1,149,583 | 1,138,152 | |
EQUITY AND LIABILITIES | |||
Equity | |||
Share capital | 56,079 | 55,946 | |
Reserves | 853,568 | 818,389 | |
Equity attributable to owners of the Company | 909,647 | 874,335 | |
Non-controlling interests | (895) | (757) | |
Total equity | 908,752 | 873,578 | |
Non-current liabilities | |||
Deferred tax liabilities | 3,498 | 3,498 | |
Loans and borrowings | 56,436 | 59,638 | |
Lease liabilities | 148 | 174 | |
Deferred income on government grants | 549 | 561 | |
Total non-current liabilities | 60,631 | 63,871 | |
Current liabilities | |||
Derivatives | 964 | 0 | |
Payables | 141,704 | 153,357 | |
Dividend payable | 0 | 11,808 | |
Loans and borrowings | 12,944 | 12,936 | |
Lease liabilities | 105 | 125 | |
Contract liabilities | 22,008 | 19,993 | |
Current tax liabilities | 2,475 | 2,484 | |
Total current liabilities | 180,200 | 200,703 | |
Total liabilities | 240,831 | 264,574 | |
TOTAL EQUITY AND LIABILITIES | 1,149,583 | 1,138,152 | |
Net assets per ordinary share attributable to | |||
owners of the Company (sen) | 96.29 | 92.56 |
The Condensed Consolidated Statement of Financial Position should be read in conjunction with the accompanying explanatory notes and audited financial statements for the financial year ended 31 December 2022.
2
VITROX CORPORATION BERHAD
(Incorporated in Malaysia)
Company No: 200401011463 (649966-K)
QUARTERLY REPORT ON RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2023
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
(The figures have not been audited)
Non-distributable | Distributable | |||||||||
Equity | ||||||||||
Share | Share | Currency | attributable | Non- | ||||||
Share | Revaluation | Capital | option | grant | translation | Retained | to owners of | controlling | Total | |
capital | reserve | reserve* | reserve | reserve | reserve | profits | the Company | interests | equity | |
RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | |
Period ended 31 March 2023 | ||||||||||
Balance at 1 January 2023 | 55,946 | 14,160 | 520 | 2,305 | 4,636 | 445 | 796,323 | 874,335 | (757) | 873,578 |
Share-based payments
Issue of shares pursuant to Employees' Share Option Scheme
Total transactions with owners
0 | 0 | 0 | 117 | 1,822 | 0 | 0 | 1,939 | 0 | 1,939 |
133 | 0 | 0 | (34) | 0 | 0 | 0 | 99 | 0 | 99 |
133 | 0 | 0 | 83 | 1,822 | 0 | 0 | 2,038 | 0 | 2,038 |
Profit/(loss) for the financial period Currency translation differences for foreign
operations (representing other comprehensive income for the financial period)
Comprehensive income for the financial period
Balance at 31 March 2023
0 | 0 | 0 | 0 | 0 | 0 | 32,995 | 32,995 | (138) | 32,857 |
0 | 0 | 0 | 0 | 0 | 279 | 0 | 279 | 0 | 279 |
0 | 0 | 0 | 0 | 0 | 279 | 32,995 | 33,274 | (138) | 33,136 |
56,079 | 14,160 | 520 | 2,388 | 6,458 | 724 | 829,318 | 909,647 | (895) | 908,752 |
* This represents the cumulative amount transferred from the retained profits of a subsidiary under the statutory requirements of the People's Republic of China.
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Vitrox Corporation Bhd published this content on 20 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2023 09:37:03 UTC.