Financial Statements and Related Announcement::Second Quarter and/ or Half Yearly ... Page 1 of 1
Issuer/ Manager | AMARA | HOLDINGS | LIMITED | |
Securities | AMARA | HOLDINGS | LTD - SG1F08854688 | - A34 |
Stapled Security | No |
Financial Statements and Related Announcement:: Second or Yearly Results Issuer & Securities
Annomicemimt Details
Announcement Title | Financial Statements and Related Announcement |
Date & Time of Broadcast | 14-Aug-2017 19:15:40 |
Status | New |
Announcement Sub Title | Second Quarter and/ or Half Yearly Results |
Announcement Reference | SG1708140THRREl3 |
Submitted By (Co./ Ind. Name) | Ms Susan Teo Geok Tin I Ms Foo Soon Soo |
Designation | Company Secretaries |
Description (Please provide a detailed description of the event in the box below - Refer to the Online help for the format) | Please see attachment |
Additional Details
For Financial Period Ended 30/06/2017 AttachmentsIIAmara 202017.pdf Total size =170K
http://infopub.sgx.com/ Apps?A=COW_CorpAnnouncement_ Content&B=Announceme... 14/08/17
A1'1ARA HO L D I N G S L U.U TE D
Co. Regn. No. 197000732N
Unaudited Second Quarter Financial Statement And Dividend Announcement for the Period Ended 30 June 2017
PART I· INFORMATION REQUIRED FOR ANNOUNCEMENTS OF QUARTERLY (Q1, Q2 & Q3), HALF-YEAR AND FULL YEAR RESULTS
1 (a) Consolidated Statement of Comprehensive Income
Group | |||||
Second Quarter | Six Months | ||||
30/6/2017 | 30/6/2016 | Change | 30/6/2017 | 30/6/2016 | Change |
$'000 | $'000 | % | $'000 | $'000 | % |
19,817 | 18,208 | 9 | 39,840 | 38,652 | 3 |
126 | 32 | 294 | 367 | 443 | (17) |
25 | 22 | 14 | (26) | (33) | (21) |
(1,516) | (1,625) | (7) | (2,676) | (3,201) | (16) |
(6,360) | (5,305) | 20 | (13,009) | (11,156) | 17 |
(1,404) | (1,393) | 1 | (2,888) | (2,761) | 5 |
(1,733) | (1,311) | 32 | (3,397) | (3,313) | 3 |
(6,166) | (6,533) | (6) | (13,272) | (15,056) | (12) |
67 | 2,196 | (97) | 85 | 29,933 | (100) |
2,856 | 4,291 | (33) | 5,024 | 33,508 | (85) |
(1,245) | (799) | 56 | (1,945) | (1,552) | 25 |
1,611 | 3,492 | (54) | 3,079 | 31,956 | (90) |
89 | (2,148) | NM | (2,516) | (5,812) | (57) |
. | NM | . | - | NM | |
13 | 4 | 225 | 152 | - | NM |
102 | (2,144) | NM | (2,364) | (5,812) | (59) |
1,713 | 1,348 | 27 | 715 | 26,144 | (97) |
1,611 | 3,492 | (54) | 3,079 | 31,973 | (90) |
.* | -* | NM | .* | (17) | NM |
1,611 | 3,492 | (54) | 3,079 | 31,956 | (90) |
1,713 | 1,348 | 27 | 715 | 26,161 | (97) |
.* | -* | NM | .* | (17) | NM |
1,713 | 1,348 | 27 | 715 | 26,144 | (97) |
Revenue Other income
Changes in inventories of finished goods Cost of properties sold/consumables used Staff costs
Depreciation Finance costs Other expenses
Share of results of a jointly-controlled entity, net of tax
Profit before tax Income tax expense
Profit for the period
Other comprehensive income/(loss), after tax :
Currency translation differences on translation of financial statements of foreign subsidiaries
Fair value loss on available-for-sale financial assets reclassified to profit or loss
Fair value gain on available-for-sale financial assets, net Other comprehensive income/(loss) for the period, net of tax Total comprehensive income for the period
Profit attributable to :
Equity holders of the Company Non-controlling interests
Total comprehensive income attributable to : Equity holders of the Company
Non-controlling interests
Group | |||||
Second Quarter | Six Months | ||||
30/6/2017 | 30/6/2016 | Change | 30/6/2017 | 30/6/2016 | Change |
$'000 | $'000 | % | $'000 | $'000 | % |
(28) | (28) | - | (56) | (56) | - |
(47) | - | NM | (47) | - | NM |
. | 13 | (100) | 16 | 13 | 23 |
(153) | (5) | NM | (178) | (7) | NM |
. | 130 | (100) | 22 | 130 | (83) |
9 | 13 | (31) | 12 | 18 | (33) |
6 | 72 | (92) | 10 | 144 | (93) |
88 | (984) | NM | (1,213) | (3,036) | (60) |
(168) | NM | (168) | NM |
Notes to Consolidated Statement of Comprehensive Income :
Profit before tax is arrived at after (charging)/crediting: Amortisation of other assets
Loss on disposal of a subsidiary
Gain on disposal of available-for-sale financial assets Property, plant and equipment written off
Gain on disposal of property, plant and equipment Income from available-for-sale financial assets Interest income
Net foreign exchange loss
Under provision of prior years' tax
NM : Not meaningful
* Amount less than $1,000
AMARA HOLDINGS LIMITED
Unaudited Second Quarter Financial Statement And Dividend Announcement for the Period Ended 30 June 2017
1(b) (i) Statements of Financial Position
Group Company | ||||||
Notes | 30/6/2017 | 31/12/2016 | 30/6/2017 | 31/12/2016 | ||
$'000 | $'000 | $'000 | $'000 | |||
Current assets | ||||||
Cash and bank balances | 15,039 | 16,024 | 72 | 20 | ||
Trade and other receivables | 7,248 | 8,919 | 35,569 | 53,190 | ||
Inventories | 403 | 429 | ||||
Development properties | 79,550 | 77,393 | ||||
Other current assets | 1,028 | 1,048 | 5 | |||
c 103,268 103,813 35,641 53,215 | ||||||
Non-current assets | ||||||
Available-for-sale financial assets | 1,192 | 1,063 | 142 | 126 | ||
Intangible assets | 441 | 441 | ||||
Investment in a jointly-controlled entity | A | 26,757 | 29,872 | |||
Investment in subsidiaries | 41,987 | 41,987 | ||||
Investment properties | 351,350 | 349,588 | ||||
Property, plant and equipment | 229,347 | 226,184 | ||||
Land use rights | 6,390 | 6,692 | ||||
Goodwill | 789 | 789 | ||||
Other assets | 6,408 | 6,464 | ||||
Deferred income tax assets | 196 | 233 | ||||
Other non-current assets | 225 | 131 | ||||
623,095 | 621,457 | 42,129 | 42,113 | |||
Total assets | 726,363 | 725,270 | 77,770 | 95,328 | ||
Current liabilities | ||||||
Trade and other payables | B | 18,292 | 26,054 | 156 | 365 | |
Tax payable | 2,841 | 3,275 | ||||
Borrowings | 96,088 | 60,953 | ||||
Non-current liabilities | c | 117,221 | 90,282 | 156 | 365 | |
Trade and other payables | 4,955 | 5,343 | ||||
Borrowings | 241,115 | 250,449 | ||||
Deferred income tax liabilities | 5,989 | 5,543 | ||||
252,059 | 261,335 | |||||
Total liabilities | 369,280 | 351,617 | 156 | 365 | ||
Net assets | 357,083 | 373,653 | 77,614 | 94,963 | ||
Capital and reserves attributable to equity holders of the Company | ||||||
Share capital | 125,646 | 125,646 | 125,646 | 125,646 | ||
Treasury shares | (996) | (913) | (996) | (913) | ||
Reserves | 232,797 | 249,331 | (47,036) | (29,770) | ||
357,447 | 374,064 | 77,614 | 94,963 | |||
Non-controlling interests | (364) | (411) | ||||
Total equity | 357,083 | 373,653 | 77,614 | 94,963 |
Notes to Statements of Financial Position:
Decrease was mainly due to dividend received during the financial period.
Decrease was mainly due to payments of construction costs during the financial period.
The negative working capital of approximately $14 million as at 30 June 2017 was attributed to the increase in revolving credit facilities. With adequate project financing facilities available to fund existing projects and based on current cash flow forecast, the Group is able to meet its short term obligations as and when they fall due.
AMARA HOLDINGS LIMITED
Unaudited Second Quarter Financial Statement And Dividend Announcement for the Period Ended 30 June 2017
(ii) Aggregate amount of group's borrowings and debt securities.
Amount repayable in one year or less, or on demand
30/6/201
7
$'000
Secured
I
Unsecured
96,088
I
Nil
31/12/2016
$'000
Secured
I
Unsecured
60,953
I
Nil
Amount repayable after one year
30/6/201
7
$'000
Secured
I
Unsecured
241,115
I
Nil
31/12/2016
$'000
Secured
I
Unsecured
250,449
I
Nil
Details of any collateral
The borrowings are secured by the followings:
first legal mortgages on certain subsidiaries' property, plant and equipment and investment and development property;
an assignment in escrow of interest in a subsidiary's lease and rental proceeds from its investment properties; a fixed and floating charge over its assets;
an assignment of certain subsidiaries' interest in sale and purchase agreements, tenancy agreements, insurance policies, building contracts, performance bonds and all monies standing to the credit in a subsidiary's project account in respect of development properties; and
corporate guarantee given by the Company and debenture over certain subsidiaries' hotels.
Amara Holdings Ltd. published this content on 14 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 August 2017 01:01:05 UTC.
Original documenthttp://ir.amaraholdings.com/releasedetail.cfm?ReleaseID=1037280
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