Zhongmin Baihui 5SR

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Financials

Annual Report

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7 tables

Statements of financial position — Group

38 metrics

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Statements of financial position — Group from Annual Report
Metric / unit 2026Group2025Group Source
ASSETS — Non-Current Assets
Property, plant and equipmentRMB 91,446,54695,718,103 PDF p. 111
Right-of-use assetsRMB 175,934,199262,268,818 PDF p. 111
Intangible assetsRMB 3,809,5533,809,553 PDF p. 111
Investment in subsidiariesRMB –– PDF p. 111
Investment in joint venturesRMB 31,238,7235,488,532 PDF p. 111
Investment in associatesRMB 101,841,69073,233,383 PDF p. 111
Deferred tax assetsRMB 12,624,01610,151,799 PDF p. 111
Other receivablesRMB 10,002,8539,865,873 PDF p. 111
Other assetsRMB –324,108 PDF p. 111
SubtotalRMB 426,897,580460,860,169 PDF p. 111
ASSETS — Current Assets
InventoriesRMB 158,332,698215,439,994 PDF p. 111
PrepaymentsRMB 5,842,0175,301,246 PDF p. 111
Trade and other receivablesRMB 22,327,70427,287,442 PDF p. 111
Amount due from a subsidiaryRMB –– PDF p. 111
Amount due from associatesRMB 52,500,00052,500,000 PDF p. 111
Amount due from a joint ventureRMB 207,522,724214,522,724 PDF p. 111
Amount due from related partiesRMB 6,209,4165,374,285 PDF p. 111
Cash on hand, bank balances and fixed depositsRMB 83,690,63990,660,651 PDF p. 111
Restricted fixed depositsRMB 50,000,000100,000,000 PDF p. 111
SubtotalRMB 586,425,198711,086,342 PDF p. 111
ASSETS
Total assetsRMB 1,013,322,7781,171,946,511 PDF p. 111
EQUITY AND LIABILITIES — Capital and Reserves
Share capitalRMB 67,147,92667,147,926 PDF p. 111
Treasury sharesRMB (25,511,692)(25,503,907) PDF p. 111
ReservesRMB 221,424,746182,130,015 PDF p. 111
Total equityRMB 263,060,980223,774,034 PDF p. 111
EQUITY AND LIABILITIES — Non-Current Liabilities
Lease liabilitiesRMB 143,078,518216,550,469 PDF p. 111
Deferred tax liabilitiesRMB 11,372,48615,850,788 PDF p. 111
Other liabilitiesRMB 507,984507,984 PDF p. 111
SubtotalRMB 154,958,988232,909,241 PDF p. 111
EQUITY AND LIABILITIES — Current Liabilities
Amount due to related partiesRMB 3,591,8633,388,802 PDF p. 111
Loans and borrowingsRMB 97,150,000221,187,382 PDF p. 111
Trade and other payablesRMB 426,372,977393,363,974 PDF p. 111
Lease liabilitiesRMB 45,142,28157,535,091 PDF p. 111
Other liabilitiesRMB 16,931,08636,152,973 PDF p. 111
Income tax payableRMB 6,114,6033,635,014 PDF p. 111
SubtotalRMB 595,302,810715,263,236 PDF p. 111
EQUITY AND LIABILITIES
Total liabilitiesRMB 750,261,798948,172,477 PDF p. 111
Total equity and liabilitiesRMB 1,013,322,7781,171,946,511 PDF p. 111
Definitions & sources

Original report: PDF p. 111 ↗

Statements of financial position — Company

38 metrics

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Statements of financial position — Company from Annual Report
Metric / unit 2026Company2025Company Source
ASSETS — Non-Current Assets
Property, plant and equipmentRMB 308,168432,109 PDF p. 111
Right-of-use assetsRMB 4,594,8835,043,259 PDF p. 111
Intangible assetsRMB –– PDF p. 111
Investment in subsidiariesRMB 67,964,32958,988,269 PDF p. 111
Investment in joint venturesRMB –– PDF p. 111
Investment in associatesRMB –– PDF p. 111
Deferred tax assetsRMB –– PDF p. 111
Other receivablesRMB –– PDF p. 111
Other assetsRMB –– PDF p. 111
SubtotalRMB 72,867,38064,463,637 PDF p. 111
ASSETS — Current Assets
InventoriesRMB –– PDF p. 111
PrepaymentsRMB 167,78366,491 PDF p. 111
Trade and other receivablesRMB 1,57420,484 PDF p. 111
Amount due from a subsidiaryRMB 8,090,89630,418,574 PDF p. 111
Amount due from associatesRMB –– PDF p. 111
Amount due from a joint ventureRMB –– PDF p. 111
Amount due from related partiesRMB –– PDF p. 111
Cash on hand, bank balances and fixed depositsRMB 3,159,1547,292,202 PDF p. 111
Restricted fixed depositsRMB –– PDF p. 111
SubtotalRMB 11,419,40737,797,751 PDF p. 111
ASSETS
Total assetsRMB 84,286,787102,261,388 PDF p. 111
EQUITY AND LIABILITIES — Capital and Reserves
Share capitalRMB 67,147,92667,147,926 PDF p. 111
Treasury sharesRMB (25,511,692)(25,503,907) PDF p. 111
ReservesRMB 33,746,224(1,816,136) PDF p. 111
Total equityRMB 75,382,45839,827,883 PDF p. 111
EQUITY AND LIABILITIES — Non-Current Liabilities
Lease liabilitiesRMB –– PDF p. 111
Deferred tax liabilitiesRMB 5,675,0609,921,969 PDF p. 111
Other liabilitiesRMB –– PDF p. 111
SubtotalRMB 5,675,0609,921,969 PDF p. 111
EQUITY AND LIABILITIES — Current Liabilities
Amount due to related partiesRMB –– PDF p. 111
Loans and borrowingsRMB –45,270,382 PDF p. 111
Trade and other payablesRMB –3,857,124 PDF p. 111
Lease liabilitiesRMB –– PDF p. 111
Other liabilitiesRMB 3,229,2693,384,030 PDF p. 111
Income tax payableRMB –– PDF p. 111
SubtotalRMB 3,229,26952,511,536 PDF p. 111
EQUITY AND LIABILITIES
Total liabilitiesRMB 8,904,32962,433,505 PDF p. 111
Total equity and liabilitiesRMB 84,286,787102,261,388 PDF p. 111
Definitions & sources

Original report: PDF p. 111 ↗

Consolidated statement of profit or loss and other comprehensive income — Group

18 metrics

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Consolidated statement of profit or loss and other comprehensive income — Group from Annual Report
Metric / unit 2026Group2025Group Source
Profit or loss
RevenueRMB 919,745,132951,261,464 PDF p. 112
Cost of salesRMB (722,970,265)(730,471,561) PDF p. 112
Gross profitRMB 196,774,867220,789,903 PDF p. 112
Other incomeRMB 93,295,649101,166,441 PDF p. 112
Interest incomeRMB 2,892,1603,759,657 PDF p. 112
Selling and distribution expensesRMB (188,332,084)(188,825,042) PDF p. 112
Administrative expensesRMB (93,855,124)(101,046,146) PDF p. 112
Finance costsRMB (14,858,735)(18,976,525) PDF p. 112
(Loss)/profit before taxation and share of results of joint ventures and associatesRMB (4,083,267)16,868,288 PDF p. 112
Share of results of joint venturesRMB 20,650,1914,004,402 PDF p. 112
Share of results of associatesRMB 33,962,93829,699,412 PDF p. 112
Profit before taxationRMB 50,529,86250,572,102 PDF p. 112
TaxationRMB (633,513)(7,816,462) PDF p. 112
Profit for the yearRMB 49,896,34942,755,640 PDF p. 112
Other comprehensive loss after tax — Items that may be reclassified subsequently to profit or loss
Loss on foreign currency translationRMB (127,749)(1,021,540) PDF p. 112
Other comprehensive loss after tax
Other comprehensive loss for the year, net of taxRMB (127,749)(1,021,540) PDF p. 112
Comprehensive income
Total comprehensive income for the yearRMB 49,768,60041,734,100 PDF p. 112
Earnings per share (cents)
- Basic and dilutedcents per share 26.0422.31 PDF p. 112
Definitions & sources

Original report: PDF p. 112 ↗

Consolidated statement of profit or loss and other comprehensive income

18 metrics

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Consolidated statement of profit or loss and other comprehensive income from Annual Report
Metric / unit 2026Group2025Group Source
Profit or loss
RevenueRMB 919,745,132951,261,464 PDF p. 112
Cost of salesRMB (722,970,265)(730,471,561) PDF p. 112
Gross profitRMB 196,774,867220,789,903 PDF p. 112
Other incomeRMB 93,295,649101,166,441 PDF p. 112
Interest incomeRMB 2,892,1603,759,657 PDF p. 112
Selling and distribution expensesRMB (188,332,084)(188,825,042) PDF p. 112
Administrative expensesRMB (93,855,124)(101,046,146) PDF p. 112
Finance costsRMB (14,858,735)(18,976,525) PDF p. 112
(Loss)/profit before taxation and share of results of joint ventures and associatesRMB (4,083,267)16,868,288 PDF p. 112
Share of results of joint venturesRMB 20,650,1914,004,402 PDF p. 112
Share of results of associatesRMB 33,962,93829,699,412 PDF p. 112
Profit before taxationRMB 50,529,86250,572,102 PDF p. 112
TaxationRMB (633,513)(7,816,462) PDF p. 112
Profit for the yearRMB 49,896,34942,755,640 PDF p. 112
Other comprehensive loss after tax; items that may be reclassified subsequently to profit or loss
Loss on foreign currency translationRMB (127,749)(1,021,540) PDF p. 112
Other comprehensive loss after tax
Other comprehensive loss for the year, net of taxRMB (127,749)(1,021,540) PDF p. 112
Total comprehensive income
Total comprehensive income for the yearRMB 49,768,60041,734,100 PDF p. 112
Earnings per share
Basic and diluted earnings per sharecents 26.0422.31 PDF p. 112
Definitions & sources

Original report: PDF p. 112 ↗

Consolidated statement of cash flows

50 metrics

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Consolidated statement of cash flows from Annual Report
Metric / unit 2026Group2025Group Source
Cash Flows from Operating Activities
Profit before taxationRMB 50,529,86250,572,102 PDF p. 115
Cash Flows from Operating Activities; Adjustments for
Depreciation of property, plant and equipmentRMB 12,213,24713,325,874 PDF p. 115
Depreciation of right-of-use assetsRMB 55,074,40456,369,220 PDF p. 115
Impairment loss on other receivablesRMB 4,000,000– PDF p. 115
Net loss on disposal of property, plant and equipmentRMB –4,630,509 PDF p. 115
Net gain on de-recognition of right-of-use assets and lease liabilitiesRMB –(19,687,595) PDF p. 115
Net gain on leases modificationRMB (13,832,406)– PDF p. 115
Amortisation/(addition) of step rental incomeRMB 324,108(324,108) PDF p. 115
Inventories written offRMB 574,602223,327 PDF p. 115
Property, plant and equipment written offRMB –2,117,908 PDF p. 115
Interest incomeRMB (2,892,160)(3,759,657) PDF p. 115
Finance costsRMB 14,858,73518,976,525 PDF p. 115
Share of results of joint venturesRMB (20,650,191)(4,004,402) PDF p. 115
Share of results of associatesRMB (33,962,938)(29,699,412) PDF p. 115
Cash Flows from Operating Activities
Operating profit before working capital changesRMB 66,237,26388,740,291 PDF p. 115
Cash Flows from Operating Activities; Changes in working capital
Change in inventoriesRMB 56,532,694(21,059,608) PDF p. 115
Change in prepaymentsRMB (540,771)2,260,656 PDF p. 115
Change in trade and other receivablesRMB (1,519,481)6,891,514 PDF p. 115
Change in trade and other payablesRMB 14,739,782(25,841,406) PDF p. 115
Cash Flows from Operating Activities
Cash generated from operationsRMB 135,449,48750,991,447 PDF p. 115
Interest receivedRMB 4,915,158655,962 PDF p. 115
Taxes paidRMB (5,104,442)(5,687,682) PDF p. 115
Net cash generated from operating activitiesRMB 135,260,20345,959,727 PDF p. 115
Cash Flows from Investing Activities
Dividend receivedRMB 5,354,63142,000,466 PDF p. 115
Purchase of property, plant and equipmentRMB (7,970,682)(1,354,220) PDF p. 115
Additions to rights-of-use assetsRMB –(5,139,887) PDF p. 115
Capital injection into a joint ventureRMB (5,100,000)– PDF p. 115
Repayment of advances by a joint ventureRMB 7,000,0002,000,000 PDF p. 115
Advances to associatesRMB –(600,000) PDF p. 115
Advances to related parties (non-trade)RMB (515,890)(1,988,714) PDF p. 115
Proceeds from disposal of property, plant and equipmentRMB –70,000 PDF p. 115
Maturity/(placement) of fixed depositsRMB 3,673,201(7,138,956) PDF p. 115
Net cash generated from investing activitiesRMB 2,441,26027,848,689 PDF p. 115
Cash flow carry forward
Balance carried forwardRMB 137,701,46373,808,416 PDF p. 115
Balance brought forwardRMB 137,701,46373,808,416 PDF p. 116
Cash Flows from Financing Activities
Dividends paidRMB (10,473,869)(10,318,655) PDF p. 116
Interest paid on lease liabilitiesRMB (8,236,485)(9,688,314) PDF p. 116
Interest paid on loans and bondsRMB (8,553,702)(5,603,847) PDF p. 116
Purchase of treasury sharesRMB (7,785)(109,315) PDF p. 116
Proceeds from loans and borrowingsRMB 193,033,000195,029,000 PDF p. 116
Redemption of bondRMB (41,979,440)- PDF p. 116
Repayment of bank loansRMB (272,376,851)(194,541,255) PDF p. 116
Repayment of lease liabilitiesRMB (41,999,288)(56,632,956) PDF p. 116
Advance from related parties/(repayment of advance from related parties)RMB 10,850(1,154,455) PDF p. 116
Decrease in restricted cash at bank and bank deposit pledgedRMB 50,000,000100,000 PDF p. 116
Net cash used in financing activitiesRMB (140,583,570)(82,919,797) PDF p. 116
Cash flow reconciliation
Net decrease in cash and cash equivalentsRMB (2,882,107)(9,111,381) PDF p. 116
Cash and cash equivalents at beginning of yearRMB 83,521,69591,878,173 PDF p. 116
Effect of exchange rate changes on cash and cash equivalentsRMB (148,949)754,903 PDF p. 116
Cash and cash equivalents at end of yearRMB 80,490,63983,521,695 PDF p. 116
Definitions & sources

Original report: PDF p. 115 ↗ PDF p. 116 ↗

Note A: Major non-cash transactions: “During the financial years ended 30 June 2026 and 30 June 2025, the Group has no significant non-cash arrangement.”

Historical financial results and financial position

11 metrics

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Historical financial results and financial position from Annual Report
Metric / unit 2016FY20162017FY20172018FY20182019FY20192020FY20202022FY2022 (18 months)2023FY20232024FY20242025FY2025 (Restated)2026FY2026 Source
Financial Results
Gross sales proceeds 销售所得款项总额*RMB’000 1,381,6411,517,6871,498,0221,580,0351,671,5782,271,2991,351,9471,347,9851,279,8301,210,696 PDF p. 23
Revenue 收入RMB’000 872,400972,340966,9751,050,9351,230,2341,609,606967,565983,737951,261919,745 PDF p. 23
Profit/(loss) before taxation 税前利润/(亏损)RMB’000 149,09382,13265,16977,83277,924(268)18,18023,92350,57250,530 PDF p. 23
Profit/(loss) for the year 年内利润/(亏损)RMB’000 97,82354,20040,45852,18755,236(33,044)21,24923,80542,75649,896 PDF p. 23
Total comprehensive income/(loss) for the year attributable to equity holders of the Company 公司权益所有者应占全面收益/(亏损)总额RMB’000 97,20155,50040,92252,62254,704(33,861)18,37023,78641,73449,769 PDF p. 23
Financial Position
Non-current assets 非流动资产RMB’000 97,752212,814200,128491,932443,829607,170490,570581,413460,860426,898 PDF p. 23
Current assets 流动资产RMB’000 463,099361,203394,368457,013648,470669,635677,488696,239711,086586,425 PDF p. 23
Current liabilities 流动负债RMB’000 (339,278)(350,952)(363,435)(505,856)(622,989)(751,890)(687,585)(703,609)(715,263)(595,303) PDF p. 23
Net current assets/(liabilities) 净流动资产/(负债)RMB’000 123,82110,25130,933(48,843)25,481(82,255)(10,097)(7,370)(4,177)(8,878) PDF p. 23
Non-current liabilities 非流动负债RMB’000 (55,862)(50,772)(36,607)(260,409)(256,163)(364,037)(301,224)(381,575)(232,909)(154,959) PDF p. 23
Total equity 总权益RMB’000 165,711172,293194,454182,680213,147160,878179,248192,468223,774263,061 PDF p. 23
Definitions & sources

Original report: PDF p. 23 ↗

FY2022 is explicitly marked “(18 months)” and FY2025 is explicitly marked “(Restated)” in the column headings.

Full printed footnote: “Gross sales proceeds represents the aggregate sum of net amount received and receivable for goods sold by direct sales, gross amount of concessionaire sales, rental income and income from managed rental.” The report also prints the Chinese footnote: “销售所得款项总额指来自自营及联营的销售所得款项，出租及承包的租金收入。”

Historical financial ratios

2 metrics

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Historical financial ratios from Annual Report
Metric / unit 2016FY20162017FY20172018FY20182019FY20192020FY20202022FY2022 (18 months)2023FY20232024FY20242025FY2025 (Restated)2026FY2026 Source
Financial Ratios
Earning/(loss) per share 每股盈利/(亏损） - Basic and diluted - 基本和稀释RMB cents 49.8928.1621.0927.2128.80(17.23)11.0812.4222.3126.04 PDF p. 23
Net asset value per share 每股净资产值RMB cents 82.3789.81101.3795.23111.1583.9193.48100.42116.77137.28 PDF p. 23
Definitions & sources

Original report: PDF p. 23 ↗

FY2022 is explicitly marked “(18 months)” and FY2025 is explicitly marked “(Restated)” in the column headings.

The printed headings define the financial ratios unit as “RMB cents” and “人民币-分”. No bank- or REIT-specific ratios were identified in the financial highlights pages read.

Debt

Borrowings

Note 32(b) Group contractual undiscounted maturities - debt and lease items

Note 32(b) Group contractual undiscounted maturities - debt and lease items — Group
Item / unit 2026At 30 June 2026, Less than 1 year, RMB2026At 30 June 2026, More than 1 year, RMB2026At 30 June 2026, Total, RMB Source
Financial liabilities
Lease liabilitiesRMB 51,518,397154,891,161206,409,558 PDF p. 182
Bank loansRMB 97,297,248–97,297,248 PDF p. 182
Notes

Contractual undiscounted repayment obligations.

Note 32(b) Group contractual undiscounted maturities - 2025

Note 32(b) Group contractual undiscounted maturities - 2025 — Group
Item / unit 2025At 30 June 2025, Less than 1 year, RMB2025At 30 June 2025, More than 1 year, RMB2025At 30 June 2025, Total, RMB Source
Financial liabilities
Lease liabilitiesRMB 66,297,022247,341,021313,638,043 PDF p. 183
Bank loanRMB 171,516,978–171,516,978 PDF p. 183
Non-convertible bondsRMB 47,432,028–47,432,028 PDF p. 183
Notes

Contractual undiscounted repayment obligations.

Note 32(b) Company contractual undiscounted maturities - 2025 debt items

Note 32(b) Company contractual undiscounted maturities - 2025 debt items — Company
Item / unit 2025At 30 June 2025, Less than 1 year, RMB2025At 30 June 2025, More than 1 year, RMB2025At 30 June 2025, Total, RMB Source
Financial liabilities
Bank loanRMB 590,536–590,536 PDF p. 184
Non-convertible bondsRMB 47,432,028–47,432,028 PDF p. 184
Notes

The Company has no debt items listed at 30 June 2026.

Borrowing notes 3 tables

Loans and borrowings (current)

Loans and borrowings (current) — Group
Item / unit 2026RMB (amount)2025RMB (amount) Source
Current interest-bearing loans and borrowings
Lease liabilities [Note 6(b)]RMB 45,142,28157,535,091 PDF p. 168
S$ 8,000,000 non-convertible bond (1)RMB –44,651,796 PDF p. 168
Bank loan (2), (3)RMB 97,150,000176,535,586 PDF p. 168
Total current interest-bearing loans and borrowingsRMB 142,292,281278,722,473 PDF p. 168
Notes

Interest rates: lease liabilities 3% - 5%; bond 3.8% (2025 - March 2026 maturity); bank loan 2.5% -2.9%. Maturity: lease liabilities December 2038 (2025 - June 2039); bank loan September 2026 to June 2027 (2025 - July 2025 to June 2026).

Loans and borrowings (non-current and total)

Loans and borrowings (non-current and total) — Group
Item / unit 2026RMB2025RMB Source
Non-current interest-bearing loans and borrowings
Lease liabilities [Note 6(b)]RMB 143,078,518216,550,469 PDF p. 169
Total non-current interest-bearing loans and borrowingsRMB 143,078,518216,550,469 PDF p. 169
Total
Total interest-bearing loans and borrowingsRMB 285,370,799495,272,942 PDF p. 169
Notes

Lease liabilities rate 3% - 5%, maturity June 2039 (2025 - June 2039). Bank loan RMB 97,150,000 (2025 - RMB 175,917,000): RMB 2,350,000 (2025 - RMB 6,917,000) unsecured and RMB 94,800,000 (2025 - RMB 169,000,000) secured over a building and a right-of-use asset, restricted cash and a director's personal guarantee; rate 2.5% to 2.9% (2025 - 2.8% to 3.25%) fixed.

Loans and borrowings - The Company

Loans and borrowings - The Company — Company
Item / unit 2026RMB2025RMB Source
Current interest-bearing loans and borrowings
S$ 8,000,000 non-convertible bond (1)RMB –44,651,796 PDF p. 169
S$ 5,000,000 bank loan (2)RMB –618,586 PDF p. 169
Total current interest-bearing loans and borrowingsRMB –45,270,382 PDF p. 169
Notes

S$5,000,000 UOB bank loan is unsecured, 2.5% p.a., fully repaid. Bond S$8,000,000 3.8% p.a. fully paid 25 March 2026.

Payout

Dividends & distributions

Dividend policy

ItemValuePeriod / scopeSource
Dividend policy The Company does not have a fixed dividend policy. The form, frequency and amount of dividends will depend on the Company’s earnings, general financial condition, results of operations, capital requirements, cash flow, general business condition, development plans and other factors as the Directors may deem appropriate. Notwithstanding the above, any declaration of dividends is clearly communicated to the shareholders via SGXNet. Company PDF p. 45

Dividends declared and proposed

ItemValuePeriod / scopeSource
Final exempt (one-tier) dividend for 2026 1.0 cents per share FY2026 (year ended 30 June 2026), proposed, subject to shareholders’ approval at the AGM; Group and Company PDF p. 186
Final exempt (one-tier) dividend for 2026 1.0 cents per share FY2025 (year ended 30 June 2025) comparative, proposed at that year-end; Group and Company PDF p. 186
Final exempt (one-tier) dividend for 30 June 2025 1.0 cents per share Declared and paid during FY2026, for FY2025; comparative paid in FY2025 for 30 June 2024 also SGD 1.0 cent PDF p. 186
Resolution 2 first and final tax-exempt (one-tier) dividend of 1.0 Singapore cent per ordinary share FY ended 30 June 2026, AGM 29 October 2026 PDF p. 190

Extracted from Annual Report and checked against the cited pages; see the original report for full context.

Auditor’s report

Audit & risk signals

Audit opinion

ItemValuePeriod / scopeSource
Audit firm Foo Kon Tan LLP Group PDF p. 110
Engagement partner Ong Soo Ann Group PDF p. 110
Opinion properly drawn up in accordance with the provisions of the Singapore Companies Act 1967 (“the Act”) and Singapore Financial Reporting Standards (International) (“SFRS(I)s”) so as to give a true and fair view Group and Company PDF p. 106

Key audit matters

ItemValuePeriod / scopeSource
Gold inventory As such we determined this to be a key audit matter. Group PDF p. 106
Impairment of investment in associates, property, plant and equipment and right-of-use assets Due to the material balance of the investment in associate, property, plant and equipment and right-of-use assets and the judgements and estimates involved in the impairment assessment, we considered this as a key audit matter. Group PDF p. 107
Recoverability of amounts due from associates and a joint venture The amounts due from the associates and joint venture are subject to the expected credit loss (“ECL”) requirements of SFRS(I) 9 Financial Instruments. Group PDF p. 107

Going concern

ItemValuePeriod / scopeSource
Basis of preparation (Note 2.1) The financial statements have been prepared on a going concern basis Group PDF p. 118

Extracted from Annual Report 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, 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.