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MERIDIAN

Consolidated results for the financial period ended 30 Jun 2020

Amended Announcements
Please refer to the earlier announcement reference number: FRA-25082020-00131

MERIDIAN BERHAD

Financial Year End 30 Jun 2020
Quarter Other
Quarterly report for the financial period ended 30 Jun 2020
The figures have not been audited

Remarks :
Amendments were made to the following. Save for these changes, all other information in the Financial Results announcement released on 27 August 2020 remain unchanged. The overall revenue and loss figures are unaffected and remain as announced earlier.

A. Unaudited condensed consolidated statement of profit and loss and comprehensive income have been adjusted for minimal changes to the figures due to the rounding up to the nearest (RM000) and to tally back to the sub-total balances, as follows:-
i) Gross profit for the current cumulative quarter;
ii) Operating profit for the current individual quarter;
iii) Finance cost for the current and preceding individual quarter; and
iv) Taxation for the current cumulative quarter.

B. Unaudited condensed consolidated statement of financial position as at 30/6/2020 has been adjusted for changes mainly due to the elimination of the inter-company transactions and balances, as follows:-
i) Property, plant and equipment should be read as 20,723 instead of 20,527;
ii) Investment properties should be read as 94,124 instead of 87,909;
iii) Trade receivables should be read as 7,981 instead of 7,989;
iv) Other receivables, deposits and prepayments should be read as 7,589 instead of 8,160;
v) Amount due from subsidiaries and amount due from an associate should be read as nil balances and its presentation has been removed from the statement;
vi) Other payables, accruals and deposits should be read as 29,608 instead of 29,476; and
vii) Amount due to subsidiaries should be read as nil balances and its presentation has been removed from the statement.

C. Unaudited condensed consolidated statement of cash flow has been adjusted for the cumulative current quarter as follows:-
i) Gain on disposal of a subsidiary should be read as (2,635);
ii) Operating cash flows before working capital changes sub-total should be read as 4,990 instead of 7,625;
iii) Changes in working capital for Receivables should be read as 2,654 instead of 2,263;
iv) Changes in working capital for Inventories should be read as (4,446) instead of (4,639);
v) Changes in working capital for Payables should be read as (822) instead of (1,139);
vi) Interest paid should be read as (13) instead of (14);
vii) Net operating cash flows total should be read as 4,307 instead of 6,041;
viii) Purchase of property, plant and equipment should be read as (228) instead of (32); and
ix) Net investing cash flows total should be read as (1,319) instead of (1,123).

D. Part B Explanatory Note 1 Review of Performance has been adjusted as follows: the profit/(loss) before interest and tax for the cumulative year to date should be read as 5634 instead of 5615.
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2020

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
Three Months
Three Months
Eighteen Months
Eighteen Months
01 Apr 2020
To
01 Apr 2019
To
01 Jan 2019
To
01 Jan 2018
To
30 Jun 2020
30 Jun 2019
30 Jun 2020
30 Jun 2019
$$'000
$$'000
$$'000
$$'000
1 Revenue
6,952
665
20,774
0
2 Profit/(loss) before tax
4,248
-381
970
0
3 Profit/(loss) for the period
4,248
-381
938
0
4 Profit/(loss) attributable to ordinary equity holders of the parent
4,248
-381
938
0
5 Basic earnings/(loss) per share (Subunit)
0.72
-0.08
0.16
0.00
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.2500
0.2400

Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

Country Base Unit Subunit
Malaysia Ringgit Sen
United States Dollar Cent
United Kingdom Pound Pence




Announcement Info

Company Name MERIDIAN BERHAD
Stock Name MERIDIAN
Date Announced 04 Sep 2020
Category Financial Results
Reference Number FRA-03092020-00002