aeon co. (m) bhd. - ir. ?· amendments to mfrs 123 borrowing costs ... amortised cost, ... mfrs 9...

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  • Unaudited results of the Company for the first quarter ended 31 March 2018.

    Condensed statement of profit or loss

    For the three months ended 31 March 2018

    2018 2017 2018 2017

    RM'000 RM'000 RM'000 RM'000

    Restated Restated

    Revenue 1,114,285 1,076,859 1,114,285 1,076,859

    Total operating expenses (1,055,404) (1,026,895) (1,055,404) (1,026,895)

    Other operating income 1,548 2,119 1,548 2,119

    Profit from operations 60,429 52,083 60,429 52,083

    Interest expense (8,715) (9,487) (8,715) (9,487)

    Interest income 342 251 342 251

    Share of results of associates (2,278) 11 (2,278) 11

    Profit before tax 49,778 42,858 49,778 42,858

    Tax expense (21,837) (16,656) (21,837) (16,656)

    Profit for the period 27,941 26,202 27,941 26,202

    Basic earnings per ordinary share (sen) 1.99 1.87 1.99 1.87

    (Note B11)

    The Condensed statement of profit or loss and other comprehensive income should be read in conjunction with the

    audited financial statements for the financial year ended 31 December 2017 and the accompanying explanatory

    notes attached to the interim financial statements.

    AEON CO. (M) BHD.( Company No. 126926 - H )

    ( Incorporated in Malaysia )

    3 months ended 3 months ended

    31 March31 March

    1

  • Unaudited results of the Company for the first quarter ended 31 March 2018.

    Condensed statement of other comprehensive income

    For the three months ended 31 March 2018

    2018 2017 2018 2017

    RM'000 RM'000 RM'000 RM'000

    Restated Restated

    Profit for the period 27,941 26,202 27,941 26,202

    Other comprehensive income:

    (Loss)/Gain on fair value of

    other investments (5,108) 5,077 (5,108) 5,077

    Comprehensive income for the period 22,833 31,279 22,833 31,279

    The Condensed statement of profit or loss and other comprehensive income should be read in conjunction with the audited

    financial statements for the financial year ended 31 December 2017 and the accompanying explanatory notes attached to the

    interim financial statements.

    AEON CO. (M) BHD.( Company No. 126926 - H )

    ( Incorporated in Malaysia )

    3 months ended 3 months ended

    31 March 31 March

    2

  • Condensed statement of financial positionAs at 31 March 2018

    31 March 2018 31 December 2017

    RM'000 RM'000

    ASSETS

    Non-current assets

    Property, plant and equipment 3,515,640 3,504,045

    Intangible assets 16,073 17,228

    Investment in associates 27,906 30,182

    Other investments 57,400 62,508

    Other assets 17,570 17,427

    3,634,589 3,631,390

    Current assets

    Inventories 585,458 610,731

    Receivables, deposits and prepayments 83,609 88,849

    Cash and cash equivalents 46,691 78,594

    715,758 778,174

    TOTAL ASSETS 4,350,347 4,409,564

    EQUITY AND LIABILITIES

    Share capital 702,000 702,000

    Reserves 1,283,700 1,260,867

    TOTAL EQUITY 1,985,700 1,962,867

    LIABILITIES

    Non-current liabilities

    Borrowings 131,637 155,323

    Other liabilities 14,213 14,213

    Deferred tax liabilities 11,267 11,316

    157,117 180,852

    Current liabilities

    Borrowings 774,097 782,347

    Payables and accruals 1,409,290 1,463,191

    Current tax liability 24,143 20,307

    2,207,530 2,265,845

    TOTAL LIABILITIES 2,364,647 2,446,697

    TOTAL EQUITY AND LIABILITIES 4,350,347 4,409,564

    AEON CO. (M) BHD.( Company No. 126926 - H )

    ( Incorporated in Malaysia )

    The Condensed statement of financial position should be read in conjunction with the audited financial

    statements for the financial year ended 31 December 2017 and the accompanying explanatory notes

    attached to the interim financial statements.

    3

  • Condensed statement of changes in equityFor the three months ended 31 March 2018

    Distributable

    Share Fair value Retained Total

    capital reserve earnings equity

    RM'000 RM'000 RM'000 RM'000

    At 1 January 2018 702,000 61,478 1,199,389 1,962,867

    Total comprehensive income

    for the period - (5,108) 27,941 22,833

    At 31 March 2018 702,000 56,370 1,227,330 1,985,700

    Restated at 1 January 2017 702,000 43,429 1,136,502 1,881,931

    Total comprehensive income

    for the period (restated) - 5,077 26,202 31,279

    At 31 March 2017 702,000 48,506 1,162,704 1,913,210

    Non-distributable

    AEON CO. (M) BHD.( Company No. 126926 - H )

    ( Incorporated in Malaysia )

    The Condensed statement of changes in equity should be read in conjunction with the audited

    financial statements for the financial year ended 31 December 2017 and the accompanying

    explanatory notes attached to the interim financial statements.

    4

  • Condensed statement of cash flowsFor the three months ended 31 March 2018

    31 March 2018 31 March 2017

    RM'000 RM'000

    Restated

    CASH FLOWS FROM OPERATING ACTIVITIES

    Profit before tax 49,778 42,858

    Adjustments for:

    Non-cash items 76,250 73,869

    Non-operating items 8,373 9,236

    Operating profit before changes in working capital 134,401 125,963

    Changes in working capital:

    Net change in current assets 30,369 80,906

    Net change in current liabilities (53,901) (256,370)

    Cash generated from operations 110,869 (49,501)

    Tax paid (18,050) (19,584)

    Net cash generated from operating activities 92,819 (69,085)

    CASH FLOWS FROM INVESTING ACTIVITIES

    Acquisition of property, plant and equipment and intangible assets (84,413) (56,744)

    Proceeds from disposal of property, plant and equipment

    and intangible assets - 127

    Interest received 342 251

    Net cash used in investing activities (84,071) (56,366)

    CASH FLOWS FROM FINANCING ACTIVITIES

    Net borrowings (31,936) 96,166

    Interest paid (8,715) (9,487)

    Net cash (used in)/ generated from financing activities (40,651) 86,679

    Net change in cash and cash equivalents (31,903) (38,772)

    Cash and cash equivalents at 1 January 78,594 81,488

    Cash and cash equivalents at 31 March 46,691 42,716

    The Condensed statement of cash flows should be read in conjunction with the audited financial statements for

    the financial year ended 31 December 2017 and the accompanying explanatory notes attached to the interim

    financial statements.

    AEON CO. (M) BHD.( Company No. 126926 - H )

    ( Incorporated in Malaysia )

    5

  • 6

    AEON CO. (M) BHD. (Company No. 126926-H)

    (Incorporated in Malaysia)

    Notes to the interim financial statements for the year ended 31 March 2018

    A EXPLANATORY NOTES PURSUANT TO MFRS 134

    1 Basis of Preparation

    The interim financial statements are unaudited and have been prepared in accordance with MFRS 134: Interim

    Financial Reporting issued by the Malaysian Accounting Standards Board (MASB) and Paragraph 9.22 of the

    Main Market Listing Requirements of Bursa Malaysia Securities Berhad. They do not include all of the

    information required for full annual financial statements, and should be read in conjunction with the audited

    financial statements for the year ended 31 December 2017.

    2 Significant Accounting Policies

    The accounting policies applied by the Company in these interim financial statements are consistent with those

    applied by the Company in its annual financial statements for the year ended 31 December 2017 except for the

    adoption of the following Amendments to Standards during the current financial period:

    MFRS 9 Financial Instruments (2014)

    MFRS 15 Revenue from Contracts with Customers

    Clarifications to MFRS15 Revenue from Contracts with Customers

    IC Interpretation 22 Foreign Currency Transactions and Advance Consideration

    Amendments to MFRS 1 First-time Adoption of Malaysian Financial Reporting Standards (Annual

    Improvements to MFRS Standards 2014-2016 Cycle)

    Amendments to MFRS 2 Share-based Payment Classification and Measurement of Share-Based

    Payment Transactions