Ellipsiz : 1HFY22 Results (09 Feb 2023)

Ellipsiz Ltd

(Co. Reg. No. 199408329R)

and its subsidiaries

Condensed Interim Consolidated Financial Statements

and Dividend Announcement

For the six months ended 31 December 2022

The following definitions apply throughout this announcement:

• 1H - First half year from 1 July to 31 December of the respective financial years.
• FY - Financial year ended or ending 30 June, as the case may be.
• NM - Not meaningful.
• SFRS(I) - Singapore Financial Reporting Standards (International).

A. Condensed interim consolidated statement of comprehensive income

			Group
	Note		1HFY2023	1HFY2022	+ / (-)
		$'000	$'000	%
Revenue	E5	28,355	28,735	(1)
Cost of revenue		(22,654)	(22,467)	1
Gross profit		5,701	6,268	(9)
Other income	E6	535	355	51
Fair value gain on investment property		103	1,678	(94)
Distribution expenses		(1,800)	(1,965)	(8)
Administrative expenses		(4,467)	(3,851)	16
Other expenses	E6	-	(64)	(100)
Results from operating activities		72	2,421	(97)
Finance costs		(17)	(13)	31
Finance income	E7	457	50	>300
Share of results of joint venture (net of tax)		(14)	110			NM
Profit before tax			498	2,568		(81)
Tax expense	E8	(311)	(422)	(26)
Profit for the period			187	2,146		(91)
Other comprehensive income
Item that is or may be reclassified subsequently to
profit or loss (net of tax)
Exchange differences arising from translation of
financial statements of foreign operations		(2,539)	668			NM
Item that will not be reclassified to
profit or loss (net of tax)
Net change in fair value of financial assets at fair value
through other comprehensive income		(610)	423			NM
Total other comprehensive income for the period,
net of tax			(3,149)	1,091			NM
Total comprehensive income for the period			(2,962)	3,237			NM

1

1. Condensed interim consolidated statement of comprehensive income (cont'd)

		Group
	Note 1HFY2023	1HFY2022	+ / (-)
	$'000	$'000	%
Profit/(Loss) attributable to:
Owners of the Company	1,306	1,594	(18)
Non-controlling interests	(1,119)	552	NM
Profit for the period		187	2,146	(91)
Total comprehensive income attributable to:
Owners of the Company	(1,354)	2,559	NM
Non-controlling interests	(1,608)	678	NM
Total comprehensive income for the period		(2,962)	3,237	NM
Earnings per share	E17
- Basic (cents)	0.78	0.96	(19)
- Diluted (cents)		0.78	0.96	(19)

2

1. Condensed interim statements of financial position

		Group		Company
	Note	31.12.2022	30.06.2022	31.12.2022	30.06.2022
		$'000	$'000	$'000	$'000
Non-current assets
Plant and equipment		2,120	1,978	2	4
Investment property	E9	22,407	24,202	-	-
Intangible assets and goodwill	E10	22,245	22,375	82	101
Right-of-use assets	E11	6,793	993	-	-
Subsidiaries		-	-	31,385	31,385
Joint venture		104	121	-	-
Financial assets	E12	11,039	12,896	8,097	9,704
Amounts due from related parties		-	-	23,061	14,296
Deferred tax assets		8	13	-	-
		64,716	62,578		62,627	55,490
Current assets
Trade and other receivables		14,151	14,919	118	52
Inventories		8,211	4,540	-	-
Amounts due from related parties		326	334	4,596	631
Cash and cash equivalents	E14	58,604	61,681	34,321	47,900
		81,292	81,474		39,035	48,583
Total assets		146,008	144,052	101,662	104,073
Equity attributable to owners
of the Company
Share capital	E15	89,566	89,566	89,566	89,566
Treasury shares	E15	(126)	(126)	(126)	(126)
Reserves		(15,042)	(12,165)	(470)	107
Retained earnings		36,221	36,365	10,525	11,849
		110,619	113,640		99,495	101,396
Non-controlling interests		11,960	8,142		-	-
Total equity		122,579	121,782	99,495	101,396
Non-current liabilities
Lease liabilities		593	525	-	-
Provisions		174	176	-	-
Deferred tax liabilities		715	804	-	-
Current liabilities		1,482	1,505		-	-
Trade and other payables		19,169	18,150	878	1,486
Amounts due to related parties		1,568	1,539	1,289	1,191
Lease liabilities		369	480	-	-
Provisions		242	119	-	-
Income tax payable		599	477	-	-
		21,947	20,765		2,167	2,677
Total liabilities		23,429	22,270		2,167	2,677
Total equity and liabilities		146,008	144,052	101,662	104,073
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1. Condensed interim statements of changes in equity

					Foreign		Total
					currency		attributable	Non-
	Share	Treasury	Capital	Fair value	translation	Retained	to owners of	controlling	Total
Group	capital	shares	reserve	reserve	reserve	earnings	the Company	interests	equity
	$'000	$'000	$'000	$'000	$'000	$'000	$'000	$'000	$'000
Balance as at 1 July 2022	89,566	(126)	(11,648)	(57)	(460)	36,365	113,640	8,142	121,782
Total comprehensive income for the period	-	-	-	-	-	1,306	1,306	(1,119)	187
Profit/(Loss) for the period
Other comprehensive income
Exchange differences arising from translation of		-	-	-	(2,050)	-	(2,050)	(489)	(2,539)
financial statements of foreign operations	-
Net change in fair value of financial assets at fair
value through other comprehensive income	-	-	-	(610)	-	-	(610)	-	(610)
Transfer of gain on disposal of financial assets at
fair value through other comprehensive income
to retained earnings	-	-	-	(217)	-	217	-	-	-
Total other comprehensive income, net of tax	-	-	-	(827)	(2,050)	217	(2,660)	(489)	(3,149)
Total comprehensive income for the period	-	-	-	(827)	(2,050)	1,523	(1,354)	(1,608)	(2,962)

Transactions with owners, recorded directly in equity

Contributions by and distributions to owners

Final dividend of 1.00 cent per share in respect of 2022

Total contributions by and distributions to owners

-	-	-	-	-	(1,667)	(1,667)	-	(1,667)
-	-	-	-	-	(1,667)	(1,667)	-	(1,667)

Changes in ownership interests in subsidiaries
Capital injections by non-controlling interests	-	-	-	-	-	-	-	5,426	5,426
Total changes in ownership interests in subsidiaries	-	-	-	-	-	-	-	5,426	5,426
Total transactions with owners	-	-	-	-	-	(1,667)	(1,667)	5,426	3,759
Balance as at 31 December 2022	89,566	(126)	(11,648)	(884)	(2,510)	36,221	110,619	11,960	122,579
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