COMPANY ANNOUNCEMENT UNAUDITED CONDENSED CONSOLIDATED .
ADVANCE SYNERGY BERHAD(Company No: 192001000024 (1225-D))COMPANY ANNOUNCEMENTUNAUDITED INTERIM FINANCIAL REPORT FOR THE QUARTER AND YEAR ENDED 31 DECEMBER 2020The Board of Directors of Advance Synergy Berhad wishes to announce the unaudited financial results of the Group for the quarterand year ended 31 December 2020.This interim report is prepared in accordance with Malaysian Financial Reporting Standard (“MFRS”) 134 “Interim FinancialReporting” and paragraph 9.22 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, and should be readin conjunction with the Group’s audited financial statements for the year ended 31 December 2019.UNAUDITED CONDENSED CONSOLIDATED INCOME STATEMENT3 months M'000RevenueYear-to-date12 months 00030,82485,642117,240275,517Cost of sales(18,251)(62,098)(72,294)(189,187)Gross profit12,57323,54444,94686,330Other operating g expensesProfit/(Loss) from operationsFinance costs(2,191)Share of results of associates and joint ventureProfit/(Loss) before taxIncome tax expenseNet profit/(loss) for the financial 29(1,786)1,88498142(9,498)2098Attributable to:Owners of the parentNon-controlling interests(1,646)404(Loss)/Earnings per share attributable to owners ofthe parent:Basis (sen)(0.19)9.48(3.69)8.07Diluted (sen)(0.19)9.48(3.69)8.071
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME3 months M'000Net profit/(loss) for the financial period/year98Year-to-date12 months 00092,386(33,172)81,329Other comprehensive income/(expenses):Items that may be reclassified subsequently toprofit or loss:Foreign currency translation differences forforeign operations2,971(10,122)5,013(1,028)Total items that may be reclassified subsequentlyto profit or loss2,971(10,122)5,013(1,028)Items that will not be reclassified subsequentlyto profit or loss:Fair value through other comprehensive incomefinancial assetsRevaluation of property, plant and Total items that will not be reclassifiedsubsequently to profit or loss1,678(3,518)(1,136)(4,000)Other comprehensive income/(loss) for thefinancial period/year4,649(13,640)3,877(5,028)Total comprehensive income/(loss) for thefinancial period/year4,74778,746(29,295)76,301Attributable to:Owners of the parentNon-controlling 0Total comprehensive income/(loss) for thefinancial period/year4,74778,746(29,295)76,3012
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITIONUnauditedas at31.12.2020RM'000ASSETSNon-current assetsProperty, plant and equipmentRight-of-use assetsInvestment propertiesInvestment in associates and joint ventureInvestment securitiesGoodwillIntangible assetsDeferred tax assetsAuditedas 1,923104,283Total 8710,1638,0905,54597,985202,268TOTAL EQUITY AND LIABILITIES704,875753,036Current assetsInventoriesReceivables, prepayments and contract assetsTax recoverableInvestment securitiesFinancial assets held for tradingShort term depositsCash and bank balancesTOTAL ASSETSEQUITY AND LIABILITIESEquity attributable to owners of the parentShare capitalReservesNon-controlling interestsTotal equityNon-current liabilitiesBorrowingsLease liabilitiesPayablesDeferred tax liabilitiesProvision for retirement benefit obligationsCurrent liabilitiesPayables and contract liabilitiesBorrowingsLease liabilitiesTax payable3
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITYFOR THE YEAR ENDED 31 DECEMBER 2020ShareCapitalRM'000Balance as at 1 January 2020Net profit/(loss) for the financial yearFair value of financial assets through othercomprehensive incomeRevaluation of propertiesForeign currency translation differences forforeign operationsTotal comprehensive income/(loss) thefinancial yearTransactions with ownersDividend paidDividend paid to non-controlling interestsof a subsidiaryBalance as at 31 December tionReserveRM'000Fair 7449,07467,659516,7334
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITYFOR THE YEAR ENDED 31 DECEMBER 2020 (Continued)ShareCapitalRM'000Balance as at 1 January 2019, aspreviously reportedEffects of adoption of MFRS 16Balance as at 1 January 2019, as restatedNet profit/(loss) for the financial yearFair value of financial assets through othercomprehensive incomeRevaluation of propertiesForeign currency translation differences forforeign operationsTotal comprehensive income/(loss) thefinancial yearTransactions with ownersDividend paidDividend paid to non-controlling interestsof a subsidiaryBalance as at 31 December tionReserveRM'000Fair (1,334)80,378481,69669,072550,7685
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWSFOR THE YEAR ENDED 31 DECEMBER 202012 months ended31.12.2020UnauditedRM'00012 months ended31.12.2019AuditedRM'000Cash flows from operating activities(Loss)/Profit before tax(28,814)95,61414,5423,327(86,755)6,554Operating (loss)/profit before working capital changes(10,945)15,413Changes in working capitalInventoriesReceivablesFinancial assets held for ts for:Non-cash itemsOther investing and financing itemsNet cash generated from operationsRetirement benefits paidNet tax paidNet cash generated from operating activities882Cash flows from investing activitiesAcquisition of a subsidiary, net of cash acquiredAcquisition of held for trading investmentsAcquisition of unquoted investment securitiesAddition of intangible assetsAddition of investment propertiesInterest receivedNet proceeds from disposal of an associateProceeds from disposal of investment securitiesProceeds from disposal of property, plant and equipmentPurchase of property, plant and equipmentWithdrawal/(Placement) of pledged depositsNet cash (used in)/generated from investing 387
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWSFOR THE YEAR ENDED 31 DECEMBER 2020 (Continued)12 months ended31.12.2020UnauditedRM'000Cash flows from financing activitiesDividend paidDividend paid to non-controlling interests of a subsidiaryDrawdown of borrowingsInterest paidRepayment of borrowingsRepayment of lease liabilities12 months ,348)(9,384)(181)(94,744)Effect of exchange rate changes(2,406)(760)Net decrease in cash and cash equivalents(3,740)(4,051)Cash and cash equivalents as at beginning of the financial yearAs previously reportedEffect of exchange rate 3,15758,271(354)79,89847,922(2,815)Net cash used in financing activitiesAs restatedCash and cash equivalents as at end of the financial year ## Cash and cash equivalents at the end of the financial yearcomprising the following:Short term depositsCash and bank balancesBank overdraftsLess: Deposits placed with lease payables as security depositfor lease paymentsCash held under Housing Development AccountsDeposits pledged to licensed 643)(20,689)(33,647)(34,386)87,42790,619
NOTES TO THE INTERIM FINANCIAL REPORT1.Basis of preparationThe unaudited interim financial report has been prepared in compliance with MFRS 134 – “Interim Financial Reporting”and paragraph 9.22 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”).The unaudited interim financial report should be read in conjunction with the audited financial statements of the Group forthe financial year ended 31 December 2019.2.Significant accounting policiesThe accounting policies and methods of computation adopted by the Group in this interim financial report are consistentwith those adopted in the audited financial statements for the financial year ended 31 December 2019, except for theadoption of the following new Malaysian Financial Reporting Standard (“MFRS”), amendments/improvements to MFRSsand IC Interpretation (“IC Int”):Amendments/ Improvements to MFRSsMFRS 3Business CombinationsMFRS 7Financial Instruments: DisclosuresMFRS 9Financial InstrumentsMFRS 16LeasesMFRS 101Presentation of Financial StatementsMFRS 108Accounting Policies, Changes in Accounting Estimates and ErrorsMFRS 139Financial Instruments: Recognition and MeasurementThe adoption of the above new MFRS, amendments/improvements to MFRSs and new IC Int will have no significantimpact on the financial statements of the Group upon their initial application.New MFRS and IC Int and Amendments/Improvements to MFRSs and IC Int issued but not yet effectiveThe following new MFRS and Amendments/Improvements to MFRSs and IC Int that are issued but are not yet effective,have yet to be adopted by the Group:Effective forfinancial periodsbeginning on orafterNew MFRSMFRS 17Insurance Contracts1 January 2023Amendments/Improvements to MFRSsMFRS 1First-time Adoption of Malaysian Financial Reporting StandardsMFRS 3Business CombinationsMFRS 4Insurance ContractsMFRS 5MFRS 7Non-current Assets Held for Sale and Discontinued OperationsFinancial Instruments: DisclosuresMFRS 9Financial InstrumentsMFRS 10MFRS 15MFRS 16Consolidated Financial StatementsRevenue from Contracts with CustomersLeases81 January 2022 /1 January 2023#1 January 2022/1 January 2023#1 January 2021/1 January 20231 January 2023#1 January 2021/1 January 2023#1 January 2021/1 January 2022 /1 January 2023#Deferred1 January 2023#1 January 2021
NOTES TO THE INTERIM FINANCIAL REPORT (Continued)2.Significant accounting policies (Continued)New MFRS and IC Int and Amendments/Improvements to MFRSs and IC Int issued but not yet effective(Continued)Effective forfinancial periodsbeginning on orafterAmendments/Improvements to MFRSs (Continued)MFRS 101Presentation of Financial Statements1 January 2023#MFRS 107Statement of Cash Flows1 January 2023#MFRS 116Property, Plant and Equipment1 January 2022/1 January 2023#MFRS 119Employee Benefits1 January 2023#MFRS 128Investments in Associates and Joint VenturesDeferred/1 January 2023#MFRS 132Financial Instruments: Presentation1 January 2023#MFRS 136Impairment of Assets1 January 2023#MFRS 137Provisions, Contingent Liabilities and Contingent Assets1 January 2022/1 January 2023#MFRS 138Intangible Assets1 January 2023#MFRS 139Financial Instruments: Recognition and Measurement1 January 2021MFRS 140Investment Property1 January 2023#MFRS 141Agriculture1 January 2022 The Annual Improvements to MFRS Standards 2018-2020#Amendments as to the consequence of MFRS 17 Insurance Contracts3.Audit ReportThe auditors’ report on the financial statements for the year ended 31 December 2019 was not subject to any qualification.4.Seasonal or cyclical factorsThe operations of the Group for the quarter ended 31 December 2020 were not materially affected by any seasonal orcyclical factors.5.Unusual itemsThere were no unusual significant items during the quarter under review.6.Changes in estimatesThere were no changes in estimates of amounts reported in prior financial years that have a material effect in the quarterunder review.7.Debt and equity securitiesThere were no issuances, cancellations, repurchases, resale and/or repayments of debt and equity securities during thefinancial year ended 31 December 2020.8.Dividends paidA single tier dividend of 0.35 sen per ordinary share in respect of the financial year ended 31 December 2019 was paid on18 August 2020 after obtaining approval from the shareholders of the Company at the Annual General Meeting held on 23July 2020.9
NOTES TO THE INTERIM FINANCIAL REPORT (Continued)9.Segmental InformationFor the financial year ended 31 December 2020InvestmentHoldingHotels &ResortsRM'000RM'000Information &PropertyCommunications DevelopmentTechnology& InvestmentRM'000RM'000Travel 4-(13,758)117,240-Total 8)117,240ResultsSegment e of results of associatesand joint ventureProfit/(Loss) before taxIncome tax expense(4,358)Net profit/(loss) for thefinancial year(33,172)Non-controlling interests(1,127)Net profit/(loss) for the financialyear attributable to owners ofthe parent(34,299)10
NOTES TO THE INTERIM FINANCIAL REPORT (Continued)9.Segmental Information (Continued)For the financial year ended 31 December 2020 (Continued)InvestmentHoldingRM'000Information &PropertyCommunications DevelopmentTechnology& InvestmentRM'000RM'000Hotels &ResortsRM'000Travel minationsRM'000TotalRM'000Other informationSegment 1-684,876Investment in associates andjoint venture12,640117------12,757Unallocated corporate assets--------7,242Total assetsSegment liabilitiesUnallocated corporate 38,269-179,110--------9,032Total liabilitiesCapital expenditure:- Property, plant & equipment- Software development 1,928-189--16,7351,113
NOTES TO THE INTERIM FINANCIAL REPORT (Continued)9.Segmental Information (Continued)For the financial year ended 31 December 2019InvestmentHoldingHotels &ResortsRM'000RM'000Information &PropertyCommunications DevelopmentTechnology& InvestmentRM'000RM'000Travel ,455-(17,957)275,517-Total 57)275,517ResultsSegment ,2104134-87,9915,76310,803Share of results of associatesand joint ventureProfit/(Loss) before taxIncome tax ,614(14,285)Net profit/(loss) for thefinancial year81,329Non-controlling interests(6,385)Net profit/(loss) for the financialyear attributable to owners ofthe parent74,94412
NOTES TO THE INTERIM FINANCIAL REPORT (Continued)9.Segmental Information (Continued)For the financial year ended 31 December 2019 (Continued)InvestmentHoldingRM'000Information &PropertyCommunications DevelopmentTechnology& InvestmentRM'000RM'000Hotels &ResortsRM'000Travel minationsRM'000TotalRM'000Other informationSegment -730,480Investment in associates andjoint venture12,504112--355---12,971Unallocated corporate assets--------9,585Total assetsSegment liabilitiesUnallocated corporate 0655,928-191,577--------10,691Total liabilitiesCapital expenditure:- Property, plant & equipment- Software development --9,377926
NOTES TO THE INTERIM FINANCIAL REPORT (Continued)10.Property, plant and equipmentThe valuation of land and buildings had been brought forward without amendment from the financial statements for the yearended 31 December 2019 except for hotel property held by Cherating Holiday Villa Berhad which was revalued in currentfinancial year based on the valuation carried out by Suleiman & Co, an independent firm of professional valuer.11.Significant events after the reporting periodThere are no significant events after the reporting period.12.Changes in the composition of the Group(a)On 23 January 2020, the Board of Directors of the Company resolved to restructure the current group structure by reorganising four existing inactive wholly-owned subsidiaries to be 70% owned by Advance Synergy Realty Sdn Bhd(“ASR”), a wholly-owned subsidiary of the Company, and 30% owned by Kibar Konsep Sdn Bhd (“KK”), to operatethe new serviced office business and food & beverage (“F&B”) business at two buildings owned jointly by ASR andKK. ASR has 70% interest in each of the buildings with the remaining interest of 30% held by KK. The twobuildings are located at No.17, Jalan Yap Ah Shak, 50300 Kuala Lumpur and No.9, Jalan Kajibumi U1/70, TemasyaGlenmarie, 40150 Shah Alam, Selangor.The aforesaid four existing inactive subsidiaries are Yap Ah Shak House Sdn Bhd and Temasya House Sdn Bhdwhich will be the operating companies for the serviced offices, while Osteria Gamberoni Sdn Bhd and PrimoEspresso Sdn Bhd will operate the F&B business.The aforesaid restructuring which involved the transfers of the total issued share capital in each company for anominal value of RM10.00 to ASR and KK in the proportion of their shareholding of 70% and 30% respectively hasbeen completed.13.(b)On 3 March 2020, Holiday Villas International Limited (“HVIL”), an indirect wholly-owned subsidiary of theCompany, acquired 5 ordinary shares of USD1.00 each, representing the remaining 5% equity interest in HolidayVilla China International Limited (“HVCIL”), an indirect subsidiary held through HVIL, from Mr Chee Chong Fattfor a total cash consideration of USD5,000.00. On the same date, HVCIL became a wholly-owned indirectsubsidiary company of ASB.(c)On 14 September 2020, Alangka-Suka Hotels & Resorts Sdn Bhd, a wholly-owned subsidiary of the Company,disposed of its entire 40% equity interest comprising 4 ordinary shares at RM1.00 each in Holiday Villa Hotels &Resorts Sdn Bhd, a dormant company, for a cash consideration of RM4.00.Changes in contingent liabilitiesThere are no changes in contingent liabilities since the last annual statements of financial position as at 31 December 2019.14
NOTES TO THE INTERIM FINANCIAL REPORT (Continued)14.Review of performanceYear-to-date12 months /(Loss) from operationsProfit/(Loss) before taxNet profit/(loss) for the financial yearNet profit/(loss) for the financial yearattributable to the Owners of the ,428)(114,501)-57.4%-122.7%-130.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION Unaudited Audited as at as at 31.12.2020 31.12.2019 RM'000 RM'000 ASSETS Non-current assets Property, plant and equipment 199,938 179,132 Right-of-use assets 47,324 47,329 Investment properties 44,935 54,572
07 Condensed consolidated statement of financial position 08 Condensed consolidated statement of changes in equity 09 Condensed consolidated statement of cash flows . MultiChoice Group / Condensed consolidated interim financial statements for the period ended 30 September 2020 / 01. slightly more than the prior year due to higher
Condensed consolidated statement of cash flows . 16 Notes to the condensed consolidated interim financial statements . 17 Independent auditor’s review report on the condensed . Prosus condensed consolidated interim financial statements for the six months ended 30 September 2020 1 Commentary
UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2020 OF AFRISTRAT AND ITS SUBSIDIARIES The Board of directors of Afristrat (“the Board”) presents the condensed consolidated interim financial statements of the Group for the six-month period ending 30 September 2020.
These condensed interim financial statements were approved for issue on 29 August 2020. The financial statements have been reviewed, not audited. Condensed consolidated statement of profit or loss 5 Condensed consolidated statement of comprehensive income 6 Condensed consolidated balance sheet 7
The accompanying notes are part of the interim condensed consolidated financial statements Interim condensed consolidated financial statements CMA CGM / 6 Three-month period ended March 31, 2021 Interim Condensed Consolidated Statement of Financial Position - Liabilities & Equity (in USD million) Note As at March 31, 2021 As at December 31, 2020
These condensed consolidated interim financial statements were approved by the Board of Directors on November 5, 2020 . (b) Basis of measurement . The condensed consolidated interim financial statements have been prepared on the historical cost basis except for the following material items in the statement of financial position:
CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS For the 3 months ended 30 September 2020 _ 4 UNAUDITED CONDENSED CONSOLIDATED INCOME STATEMENT 3 months to 30 Sept 2020 3 months to 30 Sept 2019 Year to 30 June 2020 Pre Notes -exceptional items ’m Exceptional items(4) ’m Total ’m Pre exceptional items .
Samy T. (Purdue) Rough Paths 1 Aarhus 2016 12 / 16. Study of equations driven by fBm Basicproperties: 1 Momentsofthesolution 2 Continuityw.r.tinitialcondition,noise Moreadvancednaturalproblems: 1 Densityestimates, Hu-Nualart Lotsofpeople 2 Numericalschemes, Neuenkirch-T,Friz-Riedel 3 Invariantmeasures,ergodicity, Hairer-Pillai,Deya-Panloup-T 4 Statisticalestimation(H,coeff. V j .
