question archive  TOP GLOVE CORPORATION BHD

 TOP GLOVE CORPORATION BHD

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 TOP GLOVE CORPORATION BHD. Company No.199801018294 (474423-X) (Incorporated in Malaysia) CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 AUGUST 2020 Unaudited as at 31/Aug/2020 Audited as at 31/Aug/2019 Restated RM'000 RM 000 ASSETS Non current assets Property, plant and equipment Land use rights Right of use assets Investment property Investment in an associate Deferred tax assets Biological assets Investment securities Intangible assets 3,034,794 0 180,674 163,900 10,425 8,832 28 392 1,012,320 4,411,365 2,480,026 178,495 0 163.900 11,853 58,472 0 392 1,015,970 3,909,108 Current assets Inventories Trade and other receivables Other current assets Investment securities Cash and bank balances 525,645 803,059 47,924 1,674,545 1,210,388 4,261,561 629,896 592.217 303,917 87,285 165,782 1,779,097 Total assets 8,672,926 5,688,205 EQUITY AND LIABILITIES Current liabilities Trade and other payables Contract liabilities Loans and borrowings Lease liabilities Income tax payables Derivative financial instruments 670,671 864,630 323,319 1,714 117,594 871 1,978,799 2,282,762 492,414 55,610 1,041,325 0 789 1,653 1,591.791 187,306 Net current assets Non current liabilities Loans and borrowings Lease liabilities Deferred tax liabilities Provisions 217,431 3,015 160,622 3,384 384,452 2,363,251 6,309,675 1,379,369 0 159,714 3,190 1,542,273 3,134,064 2,554,141 Total liabilities Net assets 788,326 Equity attributable to owners of the parent Share capital Treasury shares Retained earnings Other reserves (1,781) 1,675,704 (1,519) 3,246,308 68,362 4,988,855 1,295,262 25,558 6,309,675 8,672,926 Perpetual Sukuk Non controlling interests 1,751,963 (1,553) 2,536,955 0 o 17,186 2,554,141 5,688,205 Total equity Total equity and liabilities Net assets per share attributable to ordinary equity holders of the parent, RM 0.61 0.33* STATEMENTS OF FINANCIAL POSITION AS AT 31 MARCH 2020 Group Company 2020 RM Note 2019 RM 2020 RM 2019 RM ASSETS Non-Current Assets - 8 2,002,196,979 1,896,232,090 9 9 188,910,261 173,993,364 10 28,835,933 22,899,208 Property, plant and equipment Capital work-in-progress Intangible assets Right-of-use assets - Investments in subsidiaries Deferred tax assets 11 4,488.371 12 663,016,631 647,118,243 13 970,891 1,528,907 Amount owing by subsidiaries 24 787433,806 787,447185 Total Non-Current Assets 2,225,402,435 2,094,653,569 1,450,450,437 1,434,565,428 Current Assets Inventories 14 273,908,980 275,527,359 Trade and other receivables 15 458,263,408 222.571 222,571 502,054,816 7,396,694 Tax assets 16 13,259,729 Amount owing by subsidiaries 24 25,365 910,670 Cash, bank balances and short-term investments 18 305,160,943 150,391,288 121,397,875 35,153,778 Total Current Assets 1,088,521,433 897,441,784 121,645,811 36,287,019 TOTAL ASSETS 3,313,923,868 2,992,095,353 1,572,096,248 1,470,852,447 EQUITY AND LIABILITIES Equity Attributable to Owners of the Company Share capital 19 1,509,591,323 1,400,985,898 1,509,591,323 1,400,985,898 Reserves 20 1,030,207,467 61,907,846 855,435,574 2,256,421,472 68,780,819 1,469,766,717 2,539,798,790 1,571,499,169 Non-controlling interests 3,324,430 2,808,589 Total Equity 2,543,123 220 2,259,230,061 1,571,499,169 1,469,766,717 (Forward) 85 Hartalega Holdings Berhad Annual Report 2020 Group Company 2020 RM 2019 RM 2020 RM 2019 RM Note Non-Current Liabilities - Loans and borrowings 21 188,571,921 195,361,599 Lease liabilities 22 2,714,101 Deferred tax liabilities 13 172,475,444 125,614,922 Total Non-Current Liabilities 363,761,466 320,976,521 Current Liabilities 23 273,874,382 259,526,314 83,214 79,837 21 85,415,497 148,577,371 Trade and other payables Loans and borrowings Lease liabilities Derivatives financial liabilities Tax liabilities 22 1,830,478 17 39,007,767 1,788.000 16 6,911,058 1,997,086 513,865 1,005,893 Total Current Liabilities 407,039,182 411,888,771 597,079 1,085,730 Total Liabilities 770,800,648 732,865,292 597,079 1,085,730 TOTAL EQUITY AND LIABILITIES 3,313,923,868 2,992,095,353 1,572,096,248 1,470,852,447 The annexed notes form an integral part of, and should be read in conjunction with these financial statements. TOP GLOVE TOP GLOVE CORPORATION BHD. Company No.199801018294 (474423-X) The World's Largest Manufacturer of Gloves Website : www.topglove.com E-mail : invest@topglove.com.my TOP QUALITY, TOP EFFICIENCY CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE FOURTH QUARTER ENDED 31 AUGUST 2020 Current Quarter Ended 31/Aug/2020 RM'000 Corresponding Quarter Ended 31/Aug/2019 RM'000 Current Year To Date 31/Aug/2020 RM9000 Corresponding Year To Date 31/Aug/2019 RM1000 Revenue Operating expenses Other operating income Profit from operations 3,109,116 (1,500,112) 18,634 1,627,638 1,188,974 (1,100,017) 7,635 96,592 7,236,317 (4,932,440) 52,009 2,355,886 4,801,139 (4,339,573) 44,297 505,863 Finance costs Share of result of associate Profit before tax (2,990) (1,094) 1,623,554 (21,041) (1,551) 74,000 (53,058) (1,428) 2,301,400 (79,601) (2,674) 423,588 Taxation Profit net of tax (297,541) 1.326,013 10 74,010 (397,585) 1.903.815 (56,042) 367,546 Profit attributable to: Owners of the parent Holders of Perpetual Sukuk Non controlling interests 1,291,995 25,605 8,413 1,326,013 74,166 0 (156) 74,010 1,866,999 25,605 11,211 1.903.815 364,678 0 2.868 367.546 Earnings per share attributable to owners of the parent, sen: Basic Diluted 15.95 15.82 0.97* 0.95* 23.31 23.18 4.76* 4.74* * For comparative purpose, the earnings per share for the quarter and year to date ended 31 August 2019 had been adjusted to reflect the bonus issue of 2 for every I existing ordinary share which was completed on 7 September 2020. The Condensed Consolidated Statement of Profit or Loss should be read in conjunction with the Annual Financial Report for the financial year ended 31 August 2019. 1 TOP GLOVE CORPORATION BHD. Annual Report 2020 Hartalega Holdings Berhad STATEMENTS OF PROFIT OR LOSS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020 Group Company 2020 RM 2019 RM 2020 RM 2019 RM Note 4 2,924,313,603 2,827,218,410 236,189,092 229,929,371 Revenue Cost of sales (2,182,777,927) (2,119,015,652) Gross profit 741,535,676 708,202,758 236,189,092 229.929,371 Other income 12,034,746 13,654,404 23,415,777 21,981,221 Distribution expenses (28,077,961) Administrative expenses (119,665,040) (39,605,881) (3,818,324) (26,962,512) (112,497,050) (20,948,330) ( (2,907181) (3,328) Other operating expenses (187,348,882) (160,407,892) (3,818,324) (2,910,509) 566,221,540 561,449,270 255,786,545 249,000,083 Profit from operations Finance costs (10,791,232) (10,619,940) Profit before tax 5 550,829,330 249,000,083 555,430,308 (121,032,924) 255,786,545 (5,000,284) Tax expense 6 (95,891,018) (5,067,281) Profit for the financial year 434,397,384 454,938,312 250,786,261 243,932,802 Attributable to: Owners of the Company 433,618,638 455,177,921 250,786,261 243,932,802 Non-controlling interests 778,746 (239,609) 434,397,384 454,938,312 250,786,261 243,932,802 Earnings per ordinary share attributable to owners of the Company: Basic earnings per ordinary share (sen) Diluted earnings per ordinary share (sen) 7 12.88 13.69 7 12.81 13.50 Hartalega Holdings Berhad Annual Report 2020 STATEMENTS OF OTHER COMPREHENSIVE INCOME FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020 Group Company 2020 RM 2019 RM 2020 RM 2019 RM Note Profit for the financial year 434,397,384 454,938,312 250,786,261 243,932,802 Other comprehensive income (Items that may be reclassified subsequently to profit or loss) Foreign currency translation, representing other comprehensive loss for the financial year, net of tax (1,434,114) (581,263) Total comprehensive income for the financial year 432,963,270 454,357,049 250,786,261 243,932,802 Attributable to: Owners of the Company 432,447,429 454,711,821 250,786,261 243,932,802 Non-controlling interests 515,841 (354,772) 432,963,270 454,357049 250,786,261 243,932,802

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