Lorenzo Intl 5IE
Financials
Annual Report 2020
Explore the statements
8 tablesStatements of financial position – The Company, as at 31 March 2020 and 2019
15 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2020The Company, 31 March 2020 | 2019The Company, 31 March 2019 | Source |
|---|---|---|---|
| Non-Current Assets | |||
| Property, plant and equipment$ | 10,589 | 15,830 | PDF p. 69 |
| Investment properties$ | - | - | PDF p. 69 |
| Subsidiaries$ | - | - | PDF p. 69 |
| Subtotal$ | 10,589 | 15,830 | PDF p. 69 |
| Current Assets | |||
| Trade and other receivables$ | 870,927 | 1,096,573 | PDF p. 69 |
| Cash and bank balances$ | 1,871 | 4,687 | PDF p. 69 |
| Assets | |||
| Total assets$ | 883,387 | 1,117,090 | PDF p. 69 |
| Capital and Reserves | |||
| Share capital$ | 39,948,675 | 39,948,675 | PDF p. 69 |
| Reserves$ | (44,006,098) | (42,097,251) | PDF p. 69 |
| Total equity$ | (4,057,423) | (2,148,576) | PDF p. 69 |
| Current Liabilities | |||
| Trade and other payables$ | 4,872,558 | 3,193,670 | PDF p. 69 |
| Amounts due to directors$ | 68,252 | 71,996 | PDF p. 69 |
| Subtotal$ | 4,940,810 | 3,265,666 | PDF p. 69 |
| Liabilities | |||
| Total liabilities$ | 4,940,810 | 3,265,666 | PDF p. 69 |
| Total | |||
| Total equity and liabilities$ | 883,387 | 1,117,090 | PDF p. 69 |
Definitions & sources
Original report: PDF p. 69 ↗
Company current assets subtotal 872,798 / 1,101,260 also printed. Dash entries preserved as printed.
Statements of financial position – The Group, as at 31 March 2020 and 2019
29 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2020The Group, 31 March 2020 | 2019The Group, 31 March 2019 | Source |
|---|---|---|---|
| Non-Current Assets | |||
| Property, plant and equipment$ | 465,995 | 4,466,175 | PDF p. 69 |
| Investment properties$ | 5,970,685 | 8,113,103 | PDF p. 69 |
| Right of use assets$ | 8,183,050 | - | PDF p. 69 |
| Land use rights$ | - | 869,276 | PDF p. 69 |
| Deferred tax assets$ | 12,525 | 14,035 | PDF p. 69 |
| Subtotal$ | 14,632,255 | 13,462,589 | PDF p. 69 |
| Current Assets | |||
| Inventories$ | 7,631,141 | 8,506,869 | PDF p. 69 |
| Trade and other receivables$ | 3,740,690 | 4,110,956 | PDF p. 69 |
| Cash and bank balances$ | 1,291,517 | 923,582 | PDF p. 69 |
| Subtotal$ | 12,663,348 | 13,565,422 | PDF p. 69 |
| Assets held for sale$ | 1,997,000 | - | PDF p. 69 |
| Assets | |||
| Total assets$ | 29,292,603 | 27,028,011 | PDF p. 69 |
| Capital and Reserves | |||
| Share capital$ | 39,948,675 | 39,948,675 | PDF p. 69 |
| Reserves$ | (50,641,516) | (47,278,762) | PDF p. 69 |
| Total equity$ | (10,692,841) | (7,330,087) | PDF p. 69 |
| Non-Current Liabilities | |||
| Borrowings$ | 98,863 | 27,133 | PDF p. 69 |
| Contract liabilities$ | - | 469,418 | PDF p. 69 |
| Lease liabilities$ | 2,246,786 | - | PDF p. 69 |
| Deferred tax liabilities$ | 95,727 | 95,727 | PDF p. 69 |
| Subtotal$ | 2,441,376 | 592,278 | PDF p. 69 |
| Current Liabilities | |||
| Trade and other payables$ | 13,988,290 | 10,783,496 | PDF p. 69 |
| Contract liabilities$ | 2,814,876 | 3,908,754 | PDF p. 69 |
| Lease liabilities$ | 1,880,984 | - | PDF p. 69 |
| Borrowings$ | 18,696,498 | 18,924,171 | PDF p. 69 |
| Amounts due to directors$ | 68,252 | 71,996 | PDF p. 69 |
| Current tax payable$ | 95,168 | 77,403 | PDF p. 69 |
| Subtotal$ | 37,544,068 | 33,765,820 | PDF p. 69 |
| Liabilities | |||
| Total liabilities$ | 39,985,444 | 34,358,098 | PDF p. 69 |
| Total | |||
| Total equity and liabilities$ | 29,292,603 | 27,028,011 | PDF p. 69 |
Definitions & sources
Original report: PDF p. 69 ↗
Subtotal for current assets before assets held for sale only; a later subtotal 14,660,348 / 13,565,422 (including assets held for sale) is also printed. Group Current Lease liabilities row has no Note-column spacing, as printed.
Consolidated statement of profit or loss and other comprehensive income – The Group, FY ended 31 March 2020 and 2019
18 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2020The Group, financial year ended 31 March 2020 | 2019The Group, financial year ended 31 March 2019 | Source |
|---|---|---|---|
| Profit or loss | |||
| Revenue$ | 26,900,129 | 29,065,297 | PDF p. 70 |
| Cost of sales$ | (13,981,097) | (15,267,053) | PDF p. 70 |
| Gross profit$ | 12,919,032 | 13,798,244 | PDF p. 70 |
| Other income$ | 1,995,002 | 4,161,717 | PDF p. 70 |
| Distribution costs$ | (2,531,952) | (3,041,302) | PDF p. 70 |
| Administrative expenses$ | (10,524,316) | (14,258,000) | PDF p. 70 |
| Other operating expenses$ | (3,304,246) | (2,933,502) | PDF p. 70 |
| Finance costs$ | (1,748,318) | (1,294,173) | PDF p. 70 |
| Impairment loss on trade and other receivables$ | (183,329) | (1,867,534) | PDF p. 70 |
| Loss before taxation$ | (3,378,127) | (5,434,550) | PDF p. 70 |
| Tax expense$ | (115,287) | (393,054) | PDF p. 70 |
| Loss after taxation$ | (3,493,414) | (5,827,604) | PDF p. 70 |
| Loss for the year attributable to owners of the Company$ | (3,493,414) | (5,827,604) | PDF p. 70 |
| Other comprehensive income | |||
| Foreign currency translation differences – foreign operations, at nil tax$ | 130,660 | 46,422 | PDF p. 70 |
| Other comprehensive income for the year, net of nil tax$ | 130,660 | 46,422 | PDF p. 70 |
| Total comprehensive income | |||
| Total comprehensive loss for the year attributable to owners of the Company$ | (3,362,754) | (5,781,182) | PDF p. 70 |
| Loss per share (cents) | |||
| - basiccents per share | (0.80) | (1.33) | PDF p. 70 |
| - dilutedcents per share | (0.80) | (1.33) | PDF p. 70 |
Definitions & sources
Original report: PDF p. 70 ↗
Only a consolidated (Group) income statement is printed; no separate Company income statement was found on the inspected pages. Some labels wrap across lines in the source; original_label is the full printed label and quote is the contiguous final line(s).
Consolidated statement of profit or loss and other comprehensive income
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2020Group, year ended 31 March 2020, $ | 2019Group, year ended 31 March 2019, $ | Source |
|---|---|---|---|
| Profit or loss | |||
| Loss after taxation$ | (3,493,414) | (5,827,604) | PDF p. 70 |
| Attribution | |||
| Loss for the year attributable to owners of the Company$ | (3,493,414) | (5,827,604) | PDF p. 70 |
| Other comprehensive income | |||
| Foreign currency translation differences – foreign operations, at nil tax$ | 130,660 | 46,422 | PDF p. 70 |
| Other comprehensive income for the year, net of nil tax$ | 130,660 | 46,422 | PDF p. 70 |
| Total comprehensive loss | |||
| year attributable to owners of the Company$ | (3,362,754) | (5,781,182) | PDF p. 70 |
Definitions & sources
Original report: PDF p. 70 ↗
Total comprehensive loss label spans two lines: 'Total comprehensive loss for the year attributable to owners of the Company'. No Company-level comprehensive income statement presented. Loss per share basic and diluted (0.80) cents (2020), (1.33) cents (2019).
Consolidated statement of changes in equity – year ended 31 March 2019
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2019Group, Share capital ($) | 2019Group, Translation reserve ($) | 2019Group, Merger reserve ($) | 2019Group, Capital reserve ($) | 2019Group, Accumulated losses ($) | 2019Group, Total equity ($) | Source |
|---|---|---|---|---|---|---|---|
| Movements | |||||||
| At 1 April 2018$ | 39,948,675 | (5,207,365) | (3,282,141) | 838,050 | (33,846,124) | (1,548,905) | PDF p. 71 |
| Total comprehensive loss for the year | |||||||
| Loss for the year$ | - | - | - | - | (5,827,604) | (5,827,604) | PDF p. 71 |
| Other comprehensive income$ | - | 46,422 | - | - | - | 46,422 | PDF p. 71 |
| Total comprehensive loss for the year$ | - | 46,422 | - | - | (5,827,604) | (5,781,182) | PDF p. 71 |
| Movements | |||||||
| At 31 March 2019$ | 39,948,675 | (5,160,943) | (3,282,141) | 838,050 | (39,673,728) | (7,330,087) | PDF p. 71 |
Definitions & sources
Original report: PDF p. 71 ↗
Consolidated statement of changes in equity – year ended 31 March 2020
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2020Group, Share capital ($) | 2020Group, Translation reserve ($) | 2020Group, Merger reserve ($) | 2020Group, Capital reserve ($) | 2020Group, Accumulated losses ($) | 2020Group, Total equity ($) | Source |
|---|---|---|---|---|---|---|---|
| Movements | |||||||
| At 1 April 2019$ | 39,948,675 | (5,160,943) | (3,282,141) | 838,050 | (39,673,728) | (7,330,087) | PDF p. 71 |
| Total comprehensive loss for the year | |||||||
| Loss for the year$ | - | - | - | - | (3,493,414) | (3,493,414) | PDF p. 71 |
| Other comprehensive income$ | - | 130,660 | - | - | - | 130,660 | PDF p. 71 |
| Total comprehensive loss for the year$ | - | 130,660 | - | - | (3,493,414) | (3,362,754) | PDF p. 71 |
| Movements | |||||||
| At 31 March 2020$ | 39,948,675 | (5,030,283) | (3,282,141) | 838,050 | (43,167,142) | (10,692,841) | PDF p. 71 |
Definitions & sources
Original report: PDF p. 71 ↗
No non-controlling interests shown; no Company statement of changes in equity found in the pages read.
Consolidated statement of cash flows
35 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2020Group, year ended 31 March 2020, $ | 2019Group, year ended 31 March 2019, $ | Source |
|---|---|---|---|
| Operating activities | |||
| Loss before taxation$ | (3,378,127) | (5,434,550) | PDF p. 72 |
| Operating activities - Adjustments | |||
| Impairment loss on trade and other receivables, net$ | 183,329 | 1,867,534 | PDF p. 72 |
| Depreciation of property, plant and equipment$ | 272,879 | 598,399 | PDF p. 72 |
| Depreciation of right-of-use assets$ | 1,658,242 | - | PDF p. 72 |
| Depreciation of investment properties$ | 568,859 | 573,446 | PDF p. 72 |
| Amortisation of land-use-rights$ | - | 24,110 | PDF p. 72 |
| Impairment loss on property, plant and equipment$ | - | 517,892 | PDF p. 72 |
| Gain on disposal of property, plant and equipment$ | (31,292) | (11,111) | PDF p. 72 |
| Inventories written off$ | - | 20,311 | PDF p. 72 |
| Allowance for inventory obsolescence$ | 251,947 | - | PDF p. 72 |
| Reversal of allowance for inventory obsolescence$ | (10,616) | (228,815) | PDF p. 72 |
| Waiver of loans from directors of a subsidiary$ | - | (374,358) | PDF p. 72 |
| Interest income$ | (3,791) | (4,086) | PDF p. 72 |
| Interest expense$ | 1,744,115 | 1,267,937 | PDF p. 72 |
| Operating activities | |||
| Operating profit/(loss) before working capital changes$ | 1,255,545 | (1,183,291) | PDF p. 72 |
| Change in inventories$ | 753,635 | (1,251,588) | PDF p. 72 |
| Change in trade and other receivables$ | (130,919) | 1,080,643 | PDF p. 72 |
| Change in trade and other payables$ | 2,778,380 | (2,948,149) | PDF p. 72 |
| Change in contract liabilities$ | (1,609,453) | (841,593) | PDF p. 72 |
| Cash generated from/(used in) from operations$ | 3,047,188 | (5,143,978) | PDF p. 72 |
| Income tax refund$ | 445,606 | 108,584 | PDF p. 72 |
| Income tax paid$ | (102,937) | (454,226) | PDF p. 72 |
| Net cash generated from/(used in) operating activities$ | 3,389,857 | (5,489,620) | PDF p. 72 |
| Investing activities | |||
| Acquisition of property, plant and equipment$ | (129,452) | (490,006) | PDF p. 72 |
| Acquisition of investment properties$ | - | (185,488) | PDF p. 72 |
| Interest received$ | 3,791 | 4,086 | PDF p. 72 |
| Net cash used in investing activities$ | (94,369) | (598,573) | PDF p. 72 |
| Financing activities | |||
| Repayment of finance lease liabilities$ | - | (39,073) | PDF p. 72 |
| Principal element of lease payments$ | (1,517,008) | - | PDF p. 72 |
| (Repayment of)/proceeds from bank loans$ | (392,583) | 5,841,724 | PDF p. 72 |
| (Repayment of)/advances from directors$ | (3,744) | 71,996 | PDF p. 72 |
| Interest paid$ | (1,372,965) | (960,482) | PDF p. 72 |
| Net cash (used in)/generated from financing activities$ | (3,568,988) | 5,637,160 | PDF p. 72 |
| Closing cash | |||
| Net changes in cash and cash equivalents$ | (273,500) | (451,033) | PDF p. 72 |
| Deficit in cash and cash equivalents at end of year$ | (5,030,190) | (4,796,015) | PDF p. 72 |
Definitions & sources
Original report: PDF p. 72 ↗
Multi-line rows not fully captured: 'Proceeds from disposal of property, plant and equipment' 31,292 / 72,835; '(Repayment of)/proceeds from trust receipts and bills payables' (282,688) / 722,995; 'Deficit in cash and cash equivalents at beginning of year' (4,796,015) / (4,330,873); 'Exchange differences on translation of cash and cash equivalents' 39,325 / (14,109). Note A/B/C liability reconciliations on pages 73-75 not extracted. No Company cash flow statement presented.
Note 26 Loss per share – The Group
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2020Group, FY ended 31 March 2020 | 2019Group, FY ended 31 March 2019 | Source |
|---|---|---|---|
| Loss per share | |||
| Loss attributable to owners of the Company$ | (3,493,414) | (5,827,604) | PDF p. 133 |
| Weighted average number of ordinary shares issued during the yearnumber of shares | 439,400,466 | 439,400,466 | PDF p. 133 |
| Loss per share (cents) | |||
| - basiccents | (0.80) | (1.33) | PDF p. 133 |
| - dilutedcents | (0.80) | (1.33) | PDF p. 133 |
Definitions & sources
Original report: PDF p. 133 ↗
Basic earnings per share is calculated by dividing the net loss attributable to owners of the Company by the weighted average number of ordinary shares outstanding during the financial year.
As at 31 March 2020, the basic and diluted losses per ordinary share were the same since the Group did not have any stock options or potential dilutive ordinary shares.
Where the money comes from
Segment information
By business
Operating segments - by business segment 19 lines
| Item / unit | 2020Furniture business | 2019Furniture business | 2020Building materials | 2019Building materials | 2020Unallocated | 2019Unallocated | 2020Total | 2019Total | Source |
|---|---|---|---|---|---|---|---|---|---|
| Segment income statement | |||||||||
| Revenue$'000 | 25,952 | 28,156 | 948 | 909 | - | - | 26,900 | 29,065 | PDF p. 135 |
| Gross profit$'000 | 13,677 | 13,432 | (758) | 366 | - | - | 12,919 | 13,798 | PDF p. 135 |
| Segment results$'000 | (1,431) | 2,169 | 184 | (1,582) | (383) | (4,728) | (1,630) | (4,141) | PDF p. 135 |
| Finance costs$'000 | (1,519) | (1,102) | (229) | (192) | - | - | (1,748) | (1,294) | PDF p. 135 |
| Loss before taxation$'000 | (2,950) | 1,067 | (45) | (1,774) | (383) | (4,728) | (3,378) | (5,435) | PDF p. 135 |
| Other information | |||||||||
| Segment assets$'000 | 28,811 | 25,932 | 343 | 527 | 68 | 59 | 29,222 | 26,518 | PDF p. 135 |
| Segment liabilities$'000 | 31,306 | 27,006 | 5,136 | 4,907 | 3,352 | 2,271 | 39,794 | 34,184 | PDF p. 135 |
| Additions of property, plant and equipment$'000 | 129 | 477 | - | - | - | 13 | 129 | 490 | PDF p. 135 |
| Additions of investment property$'000 | - | 185 | - | - | - | - | - | 185 | PDF p. 135 |
| Additions of right-of-use assets$'000 | 3,208 | - | - | - | - | - | 3,208 | - | PDF p. 135 |
| Depreciation of property, plant and equipment$'000 | 273 | 598 | - | - | - | - | 273 | 598 | PDF p. 135 |
| Depreciation of investment properties$'000 | 568 | 573 | - | - | - | - | 568 | 573 | PDF p. 135 |
| Depreciation of right-of-use assets$'000 | 1,658 | - | - | - | - | - | 1,658 | - | PDF p. 135 |
| Amortisation of land use rights$'000 | - | 24 | - | - | - | - | - | 24 | PDF p. 135 |
| Reversal of allowance for inventory obsolescence$'000 | (11) | (229) | - | - | - | - | (11) | (229) | PDF p. 135 |
| Allowance for inventory obsolescence$'000 | 252 | - | - | - | - | - | 252 | - | PDF p. 135 |
| Inventory written off$'000 | - | 20 | - | - | - | - | - | 20 | PDF p. 135 |
| Interest income$'000 | (4) | (4) | - | - | - | - | (4) | (4) | PDF p. 135 |
| Interest expense$'000 | 1,519 | 1,102 | 229 | 192 | - | - | 1,748 | 1,294 | PDF p. 135 |
Notes
Segments: Furniture business and Building materials; corporate expenses and income taxes are managed on a group basis and not allocated. Further rows (gain on disposal of PPE, impairment losses, waiver of directors' loans) wrap across lines and are omitted. Printed header 'Building materials' also called 'Building Material' in text.
By geography
Revenue by geographical location of customers 6 lines
| Item / unit | 2020The Group | 2019The Group | Source |
|---|---|---|---|
| Revenue | |||
| Singapore$'000 | 1,976 | 2,439 | PDF p. 136 |
| Malaysia$'000 | 12,553 | 13,072 | PDF p. 136 |
| Taiwan$'000 | 12,152 | 13,403 | PDF p. 136 |
| China$'000 | 219 | 151 | PDF p. 136 |
| Others$'000 | - | - | PDF p. 136 |
| Total revenue$'000 | 26,900 | 29,065 | PDF p. 136 |
Notes
Total row has no printed label.
Non-current assets by geographical location of assets 5 lines
| Item / unit | 2020The Group | 2019The Group | Source |
|---|---|---|---|
| Non-current assets | |||
| Singapore$'000 | 143 | 1,666 | PDF p. 136 |
| Malaysia$'000 | 6,296 | 4,049 | PDF p. 136 |
| Taiwan$'000 | 1,353 | 412 | PDF p. 136 |
| China$'000 | 6,840 | 7,336 | PDF p. 136 |
| Total non-current assets$'000 | 14,632 | 13,463 | PDF p. 136 |
Notes
Total row has no printed label.
Debt
Borrowings
Finance lease liabilities - maturity
| Item / unit | 2020$ | 2019$ | Source |
|---|---|---|---|
| Future minimum lease payments | |||
| Due not later than one year (future minimum lease payments)$ | - | 23,045 | PDF p. 123 |
| Due later than one year and not later than five years (future minimum lease payments)$ | - | 32,815 | PDF p. 123 |
| Future finance charges on finance leases$ | - | (8,052) | PDF p. 123 |
| Present value | |||
| Present value of minimum lease payments$ | - | 47,808 | PDF p. 123 |
| Present value of minimum lease payments | |||
| Due not later than one year (present value)$ | - | 20,675 | PDF p. 123 |
| Due later than one year and not later than five years (present value)$ | - | 27,133 | PDF p. 123 |
Notes
Future minimum lease payments and present value sections both printed; Due later than five years is dash.
Bank loans (secured) by loan, currency and year of maturity
| Item / unit | 2020$ | 2019$ | Source |
|---|---|---|---|
| Bank loans | |||
| (a)$ | 421,651 | 421,651 | PDF p. 124 |
| (b)$ | 3,000,000 | 3,000,000 | PDF p. 124 |
| (c)$ | 328,242 | 407,985 | PDF p. 124 |
| (d)$ | 5,387,826 | 5,726,000 | PDF p. 124 |
Notes
Interest: (a) LEFS lending rate 2.84% (2019 - 2.84%) p.a.; (b) 2.45% (2019 - 2.45%); (c) 3.75% to 5.17% (2019 - 4.50%); (d) 7.11% (2019 - 7.11%). (a)(b) borrowings expired 31 December 2016 (#). *2022: at 31 March 2019, $174,361 due after 12 months included in current due to repayment-on-demand clause. Secured by mortgages over investment properties/leasehold properties, land use rights and corporate guarantees. Total 9,137,719 (2020) / 9,555,636 (2019).
Borrowing notes 4 tables
Borrowings - Group (current and non-current, secured)
| Item / unit | 2020$ | 2019$ | Source |
|---|---|---|---|
| Non-current | |||
| Finance lease liabilities (non-current)$ | - | 27,133 | PDF p. 123 |
| Bank loans (secured) (non-current)$ | 98,863 | - | PDF p. 123 |
| Non-current subtotal$ | 98,863 | 27,133 | PDF p. 123 |
| Current | |||
| Finance lease liabilities (current)$ | - | 20,675 | PDF p. 123 |
| Bank loans (secured) (current)$ | 9,038,856 | 9,555,636 | PDF p. 123 |
| Other borrowings (secured)$ | 9,657,642 | 9,347,860 | PDF p. 123 |
| Current subtotal$ | 18,696,498 | 18,924,171 | PDF p. 123 |
| Total | |||
| Total$ | 18,795,361 | 18,951,304 | PDF p. 123 |
Notes
Note column refs: 16.1 finance lease liabilities, 16.2 bank loans, 16.3 other borrowings. Current bank loans (secured) row for 2020/2019 is split across a page-layout artefact; figures read as printed. Current subtotal 18,696,498 / 18,924,171; Total 18,795,361 / 18,951,304.
Other borrowings
| Item / unit | 2020$ | 2019$ | Source |
|---|---|---|---|
| Other borrowings | |||
| # Trust receipts (secured)$ | 674,757 | 674,757 | PDF p. 125 |
| * Bills payable (secured)$ | 2,661,178 | 2,953,506 | PDF p. 125 |
| * Bank overdrafts (secured) (Note 13)$ | 6,321,707 | 5,719,597 | PDF p. 125 |
Notes
Secured by first legal mortgage of leasehold properties, debenture over subsidiary assets $3,608,990 (2019 - $3,620,980), and guarantees. Trust receipts $674,757 expired 31 Dec 2016; bills payable $1,860,083 and $455,925 expired 30 Sep 2016 and 31 Mar 2020. Unextended loans/borrowings $6,412,416.
Borrowings by currency
| Item / unit | 2020$ | 2019$ | Source |
|---|---|---|---|
| Currency | |||
| Singapore Dollar$ | 9,422,289 | 8,446,723 | PDF p. 125 |
| United States Dollar$ | - | 408,515 | PDF p. 125 |
| Euro$ | - | 102,229 | PDF p. 125 |
| Malaysian Ringgit$ | 3,985,246 | 4,267,836 | PDF p. 125 |
| Renminbi$ | 5,387,826 | 5,726,001 | PDF p. 125 |
| Total$ | 18,795,361 | 18,951,304 | PDF p. 125 |
Weighted average interest rates
| Item / unit | 2020% per annum | 2019% per annum | Source |
|---|---|---|---|
| Interest rates | |||
| Finance lease liabilities% per annum | - | 2.8 | PDF p. 125 |
| Bank loans (secured)% per annum | 4.5 | 6.3 | PDF p. 125 |
| Trust receipts (secured)% per annum | 2.8 | 2.8 | PDF p. 125 |
| Bills payable (secured)% per annum | 4.9 | 4.9 | PDF p. 125 |
| Bank overdrafts (secured)% per annum | 6.7 | 6.5 | PDF p. 125 |
Notes
Weighted average rates at reporting date.
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Capital management – dividend policy | The Group currently does not adopt any formal dividend policy. | Group | PDF p. 145 |
Extracted from Annual Report 2020 and checked against the cited pages; see the original report for full context.
Auditor’s report
Audit & risk signals
Audit opinion
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Engagement partner | Chan Ser | Group and Company, FY ended 31 March 2020 | PDF p. 68 |
| Disclaimer of Opinion | We do not express an opinion on the accompanying financial statements of the Group and the Company. | Group and Company, FY ended 31 March 2020 | PDF p. 61 |
| Basis for Disclaimer of Opinion | Because of the significance of the matters described in the Basis for Disclaimer of Opinion section of our report, we have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on these financial statements. | Group and Company, FY ended 31 March 2020 | PDF p. 61 |
Going concern
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Appropriateness of going concern assumption | indicate the existence of a material uncertainty which cast a significant doubt on the Group’s and the Company’s ability to continue as a going concern | Group and Company, 31 March 2020 | PDF p. 61 |
| Going concern basis | These factors indicate the existence of a material uncertainty which may cast significant doubt about the Group’s and the Company’s ability to continue as going concerns. | Group and Company, Note 2(a), FY ended 31 March 2020 | PDF p. 76 |
Extracted from Annual Report 2020 and checked against the cited pages; see the original report for full context.
How to read these figures
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow Annual Report 2020, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.