Boldtek 5VI

SGD 0.035 +0.00% +0.00 Updated 10 Nov 2026, 17:16 SGT

Financials

Annual Report 2022

Open annual report

Explore the statements

7 tables

Statements of Financial Position – The Group and The Company (30 June 2022 and 2021)

38 metrics

Units appear below each metric. Scroll to compare years

Statements of Financial Position – The Group and The Company (30 June 2022 and 2021) from Annual Report 2022
Metric / unit 2022The Group, 30 June 20222021The Group, 30 June 20212022The Company, 30 June 20222021The Company, 30 June 2021 Source
Non-Current Assets
Investments in subsidiaries$'000 –––16,972 PDF p. 51
Investment in a joint venture company$'000 301496500500 PDF p. 51
Property, plant and equipment$'000 7,8118,657-1 PDF p. 51
Investment properties$'000 14,21517,541-- PDF p. 51
Deferred tax assets$'000 -132-- PDF p. 51
Subtotal$'000 22,32726,82650017,473 PDF p. 51
Current Assets
Inventories$'000 535-- PDF p. 51
Contract assets$'000 59,33457,279-- PDF p. 51
Completed properties for sale$'000 5,2065,702-- PDF p. 51
Trade and other receivables$'000 8,73712,5164,9175,321 PDF p. 51
Other current assets$'000 940808143 PDF p. 51
Grant receivables$'000 -71-- PDF p. 51
Cash and bank balances$'000 7748981025 PDF p. 51
Subtotal$'000 74,99677,3094,9415,349 PDF p. 51
Assets
Total Assets$'000 97,323104,1355,44122,822 PDF p. 51
Capital and Reserves
Share capital$'000 26,51817,67626,51817,676 PDF p. 51
(Accumulated losses)/retained profits$'000 3,2649,806(24,945)(467) PDF p. 51
Currency translation reserve$'000 (11)(59)–– PDF p. 51
Merger reserve$'000 (2,014)(2,014)–– PDF p. 51
Capital reserve$'000 (876)(876)–– PDF p. 51
Property revaluation reserve$'000 424424–– PDF p. 51
Share option reserve$'000 396396396396 PDF p. 51
Equity attributable to owners of the Company$'000 27,70125,3531,96917,605 PDF p. 51
Non-controlling interests$'000 (211)(79)-- PDF p. 51
Total Equity$'000 27,49025,2741,96917,605 PDF p. 51
Non-Current Liabilities
Borrowings$'000 5,93010,666–– PDF p. 51
Lease liabilities$'000 1,7791,954–– PDF p. 51
Deferred tax liabilities$'000 –721–– PDF p. 51
Subtotal$'000 7,70913,341–– PDF p. 51
Current Liabilities
Trade and other payables$'000 38,22842,2792,3723,917 PDF p. 51
Contract liabilities$'000 3811,265–– PDF p. 51
Current tax payable$'000 –78–– PDF p. 51
Deferred grants$'000 –210–– PDF p. 51
Borrowings$'000 23,34121,4631,1001,300 PDF p. 51
Lease liabilities$'000 174225-- PDF p. 51
Subtotal$'000 62,12465,5203,4725,217 PDF p. 51
Liabilities
Total Liabilities$'000 69,83378,8613,4725,217 PDF p. 51
Equity and Liabilities
Total Equity and liabilities$'000 97,323104,1355,44122,822 PDF p. 51
Definitions & sources

The annexed notes form an integral part of and should be read in conjunction with these financial statements.

Dash symbols printed as '–' or '-' preserved as shown.

Consolidated Statement of Profit or Loss and Other Comprehensive Income (Group, year ended 30 June 2022)

24 metrics

Units appear below each metric. Scroll to compare years

Consolidated Statement of Profit or Loss and Other Comprehensive Income (Group, year ended 30 June 2022) from Annual Report 2022
Metric / unit 2022Group, year ended 30 June 20222021Group, year ended 30 June 2021 Source
Profit or loss
Revenue$'000 52,65160,255 PDF p. 52
Cost of works$'000 (49,398)(55,469) PDF p. 52
Gross profit$'000 3,2534,786 PDF p. 52
Other income$'000 1,8293,913 PDF p. 52
Other expenses$'000 (3,292)(337) PDF p. 52
Distribution and marketing costs$'000 (75)(128) PDF p. 52
Administrative expenses$'000 (7,804)(7,044) PDF p. 52
Reversal impairment of financial assets and contract assets$'000 95454 PDF p. 52
Bad debts written off$'000 (210)– PDF p. 52
Finance costs$'000 (942)(995) PDF p. 52
Share of result of a joint venture company$'000 (195)(4) PDF p. 52
(Loss)/profit before taxation$'000 (7,341)645 PDF p. 52
Taxation$'000 667(32) PDF p. 52
Total (loss)/profit for the financial year$'000 (6,674)613 PDF p. 52
Other comprehensive (loss)/income after tax: Items that may be reclassified subsequently to profit or loss
Exchange differences on translation of foreign operations$'000 481 PDF p. 52
Other comprehensive (loss)/income after tax
Other comprehensive income for the financial year, net of nil tax$'000 481 PDF p. 52
Total comprehensive (loss)/income for the financial year$'000 (6,626)614 PDF p. 52
(Loss)/profit attributable to
Owners of the parent$'000 (6,542)629 PDF p. 52
Non-controlling interests$'000 (132)(16) PDF p. 52
Subtotal$'000 (6,674)613 PDF p. 52
Total comprehensive (loss)/income attributable to
Owners of the parent$'000 (6,494)630 PDF p. 52
Non-controlling interests$'000 (132)(16) PDF p. 52
Subtotal$'000 (6,626)614 PDF p. 52
(Losses)/earnings per share attributable to owner of the parent (cents)
- Basic and dilutedcents per share (2.08)0.29 PDF p. 52
Definitions & sources

The annexed notes form an integral part of and should be read in conjunction with these financial statements.

The Company's own statement of profit or loss is not presented; only consolidated statement is printed.

Consolidated Statement of Profit or Loss and Other Comprehensive Income

8 metrics

Units appear below each metric. Scroll to compare years

Consolidated Statement of Profit or Loss and Other Comprehensive Income from Annual Report 2022
Metric / unit 2022Group, year ended 30 June 20222021Group, year ended 30 June 2021 Source
Profit
Total (loss)/profit for the financial year$'000 (6,674)613 PDF p. 52
Other comprehensive income
Exchange differences on translation of foreign operations$'000 481 PDF p. 52
Other comprehensive income for the financial year, net of nil tax$'000 481 PDF p. 52
Total comprehensive income
Total comprehensive (loss)/income for the financial year$'000 (6,626)614 PDF p. 52
(Loss)/profit attributable to
Owners of the parent$'000 (6,542)629 PDF p. 52
Non-controlling interests$'000 (132)(16) PDF p. 52
Total comprehensive (loss)/income attributable to
Owners of the parent$'000 (6,494)630 PDF p. 52
Non-controlling interests$'000 (132)(16) PDF p. 52
Definitions & sources

Amounts in $’000. Only Group statement presented. The annexed notes form an integral part of and should be read in conjunction with these financial statements.

Consolidated Statement of Changes in Equity (FY ended 30 June 2022, with FY2021 movements)

11 metrics

Units appear below each metric. Scroll to compare years

Consolidated Statement of Changes in Equity (FY ended 30 June 2022, with FY2021 movements) from Annual Report 2022
Metric / unit 2022Group, Share capital2022Group, Retained profits/(losses)2022Group, Currency translation reserve2022Group, Merger reserve2022Group, Capital reserve2022Group, Property revaluation reserve2022Group, Share option reserve2022Group, Equity attributable to owners of the Company2022Group, Non-controlling interests2022Group, Total equity Source
Opening FY2021 movements (as printed)
Balance at 1 July 2021$'000 17,6769,177(60)(2,014)(876)42428224,609(63)24,546 PDF p. 53
FY2021 movements
Profit for the financial year$'000 –629–––––629(16)613 PDF p. 53
Other comprehensive income$'000 –-1––––1-1 PDF p. 53
FY2021 movements (Total comprehensive income for the financial year)
financial year$'000 –6291––––630(16)614 PDF p. 53
FY2021 movements (Recognition of share-based payments)
transactions with owners, recognised directly in equity$'000 ––––––114114–114 PDF p. 53
Closing balance
Balance at 30 June 2021$'000 17,6769,806(59)(2,014)(876)42439625,353(79)25,274 PDF p. 53
FY2022 movements
Loss for the financial year$'000 –(6,542)–––––(6,542)(132)(6,674) PDF p. 53
Other comprehensive income$'000 ––48––––48–48 PDF p. 53
FY2022 movements (Total comprehensive loss for the financial year)
financial year$'000 –(6,542)48––––(6,494)(132)(6,626) PDF p. 53
FY2022 movements (Issue of shares, net of share issue costs)
costs$'000 8,842––––––8,842–8,842 PDF p. 53
Closing balance
Balance at 30 June 2022$'000 26,5183,264(11)(2,014)(876)42439627,701(211)27,490 PDF p. 53
Definitions & sources

All amounts $’000. Rows cover both FY2021 (balance at 1 July 2021 label as printed is the opening of FY2021 movements, ending Balance at 30 June 2021) and FY2022 movements. Only a consolidated statement is presented; no separate Company statement of changes in equity found on pages 50-54.

Consolidated Statement of Cash Flows

43 metrics

Units appear below each metric. Scroll to compare years

Consolidated Statement of Cash Flows from Annual Report 2022
Metric / unit 2022Group, year ended 30 June 20222021Group, year ended 30 June 2021 Source
Operating activities
(Loss)/profit before taxation$'000 (7,341)645 PDF p. 54
Depreciation of property, plant and equipment$'000 987892 PDF p. 54
Gain on disposal of property, plant and equipment$'000 (23)– PDF p. 54
Impairment allowance on completed properties for sale$'000 364– PDF p. 54
Interest expense$'000 942995 PDF p. 54
Changes in fair value of investment properties$'000 2,439204 PDF p. 54
Share-based payment expense$'000 –114 PDF p. 54
Reversal of impairment loss on financial assets and contract assets$'000 (95)(454) PDF p. 54
Share of results of a joint venture company$'000 1954 PDF p. 54
Bad debts written off$'000 210– PDF p. 54
Government grants$'000 (1,168)(3,147) PDF p. 54
Unrealised currency translation differences$'000 452136 PDF p. 54
Operating loss before working capital changes$'000 (3,038)(611) PDF p. 54
Inventories$'000 3090 PDF p. 54
Trade and other receivables$'000 4,006(2,624) PDF p. 54
Contract assets$'000 (1,789)(15,414) PDF p. 54
Other current assets$'000 (132)39 PDF p. 54
Trade and other payables$'000 (4,526)8,543 PDF p. 54
Contract liabilities$'000 (884)(162) PDF p. 54
Cash used in operations$'000 (6,333)(10,139) PDF p. 54
Government grants received$'000 1,0293,292 PDF p. 54
Income taxes paid$'000 –(201) PDF p. 54
Net cash used in operating activities$'000 (5,304)(7,048) PDF p. 54
Investing activities
Acquisition of property, plant and equipment (Note a)$'000 (51)(486) PDF p. 54
Investment in a joint venture company$'000 –(500) PDF p. 54
Advances for working capital to joint venture company$'000 (621)(2,658) PDF p. 54
Proceeds from disposal of investment properties$'000 520– PDF p. 54
Proceeds from disposal of property, plant and equipment$'000 23– PDF p. 54
Net cash used in investing activities$'000 (129)(3,644) PDF p. 54
Financing activities
Advances from directors$'000 7,6448,790 PDF p. 54
Repayment to directors$'000 (3,498)– PDF p. 54
Proceeds from rights issue$'000 1,964– PDF p. 54
Proceeds from issuance of ordinary shares$'000 3,400– PDF p. 54
Payment of share issue expenses$'000 (127)– PDF p. 54
Repayment of lease liabilities$'000 (324)(241) PDF p. 54
Proceeds from borrowings$'000 43,09323,773 PDF p. 54
Repayment of borrowings$'000 (46,429)(23,566) PDF p. 54
Interest paid$'000 (942)(995) PDF p. 54
Net cash generated from financing activities$'000 4,7817,761 PDF p. 54
Net change in cash
Net decrease in cash and bank balances$'000 (652)(2,931) PDF p. 54
Cash and bank balances at beginning of the financial year$'000 4043,336 PDF p. 54
Exchange differences on translation of cash and bank balances$'000 (9)(1) PDF p. 54
Cash and bank balances at end of the financial year$'000 (257)404 PDF p. 54
Definitions & sources

Note a: For the financial year ended 30 June 2022, the Group acquired property, plant and equipment (“PPE”) with an aggregate cost of $85,000 (2021 – $690,000) of which $51,000 (2021 – $486,000) was paid in cash and the remaining amount of $34,000 (2021 – $204,000) was acquired as leases (right-of-use assets).

Amounts in $’000. Only Group statement presented.

Five-year financial highlights (Group)

9 metrics

Units appear below each metric. Scroll to compare years

Five-year financial highlights (Group) from Annual Report 2022
Metric / unit 2018Group FY20182019Group FY20192020Group FY20202021Group FY20212022Group FY2022 Source
Financial highlights
RevenueS$'000 94,93178,77852,92060,25552,651 PDF p. 11
Gross profitS$'000 5,5139,9514,8184,7863,253 PDF p. 11
(Loss) / Profit before taxationS$'000 1,424982(4,034)645(7,341) PDF p. 11
(Loss) / Profit after taxationS$'000 447784(4,014)613(6,674) PDF p. 11
(Loss) / Profit attributable to owner of the parentS$'000 592817(3,948)629(6,542) PDF p. 11
(Loss) / Earnings per share (Singapore cents)Singapore cents 0.330.44(2.13)0.29(2.08) PDF p. 11
Total assetsS$'000 81,50286,33586,016104,13597,323 PDF p. 11
Equity attributable to owner of the parentS$'000 27,55128,41524,60925,35327,701 PDF p. 11
Net asset value per share (Singapore cents)Singapore cents 14.8615.3113.2613.667.77 PDF p. 11
Definitions & sources

1 The (losses) / earnings per share was computed based on the (loss) / profit attributable to owner of the parent divided by the weighted average number of shares in issued during the financial year.

2 The net asset value per ordinary share for FY2018 to FY2021 and FY2022 is computed based on the share capital of the Company of 185,625,000 and 353,666,000 shares respectively.

Note 31 Basic and diluted (losses)/earnings per share (Group)

3 metrics

Units appear below each metric. Scroll to compare years

Note 31 Basic and diluted (losses)/earnings per share (Group) from Annual Report 2022
Metric / unit 2022Group2021Group (Restated) Source
Note 31
(Loss)/profit attributable to owners of the Company ($’000)$'000 (6,542)629 PDF p. 103
Weighted average number of shares in issue (‘000)'000 shares 314,813220,190 PDF p. 103
Basic and diluted (losses)/earnings per share (cents)cents (2.08)0.29 PDF p. 103
Definitions & sources

The weighted average number of ordinary shares for the prior financial year have been adjusted for the bonus element arising from the rights issue on 27 August 2021.

As at 30 June 2021, the employee share options were excluded from the calculation of the diluted weighted average number of ordinary shares in issue as the average market price of the Company’s ordinary shares for the year then ended does not exceed the exercise price.

As at 30 June 2022, the basic and diluted losses per share are the same as the outstanding options are anti-dilutive.

Where the money comes from

Segment information

By business

Operating segments - business segments, 30 June 2021 9 lines
Operating segments - business segments, 30 June 2021
Item / unit 2021General building2021Precast manufacturing2021Properties development and investment2021Soil investigation and treatment2021Unallocated segments2021Elimination2021Total Source
Revenue
External$'000 60,037218––––60,255 PDF p. 109
Inter-segment$'000 –168–––(168)– PDF p. 109
Results
Gross profit$'000 4,812(26)––––4,786 PDF p. 109
Total profit for the financial year includes
Depreciation of property, plant and equipment$'000 729162––1–892 PDF p. 109
Reversal of impairment loss on financial assets and contract assets$'000 (454)–––––(454) PDF p. 109
Changes in fair value of investment properties$'000 (120)–324–––204 PDF p. 109
Assets
Segment assets$'000 75,40354723,04465,135-104,135 PDF p. 109
Total assets includes: Additions to
Property, plant and equipment and right-of-use assets$'000 309381––––690 PDF p. 109
Liabilities
Segment liabilities$'000 60,0165643,942414,335–78,861 PDF p. 109
Notes

Blank cells in the printed table are given as empty strings. Printed 2021 table has no Fire door manufacturing column.

Segment assets 2021 text extraction shows the soil column as 6 and the elimination as '-'.

Reconciliation of reportable segment assets to total assets 10 lines
Reconciliation of reportable segment assets to total assets — Group
Item / unit 202230 June 2022202130 June 2021 Source
Assets reconciliation
Segment assets for reportable segments$'000 91,89399,000 PDF p. 110
Unallocated
Cash and bank balances$'000 774898 PDF p. 110
Other current assets$'000 940808 PDF p. 110
Other receivables$'000 136142 PDF p. 110
Deferred tax assets$'000 –132 PDF p. 110
Investment in a joint venture company$'000 301496 PDF p. 110
The Company’s amounts due from a joint venture company$'000 3,2792,658 PDF p. 110
The Company’s property, plant and equipment$'000 –1 PDF p. 110
Total unallocated$'000 5,4305,135 PDF p. 110
Assets reconciliation
Total assets$'000 97,323104,135 PDF p. 110
Notes

Segment assets and liabilities are allocated based on operations of the segments and presented net of inter-segment balances.

The Total unallocated and Total assets rows have no printed label.

Reconciliation of reportable segment liabilities to total liabilities 9 lines
Reconciliation of reportable segment liabilities to total liabilities — Group
Item / unit 202230 June 2022202130 June 2021 Source
Liabilities reconciliation
Segment liabilities for reportable segments$'000 55,66164,526 PDF p. 110
Unallocated
Other payables (excluding accrued operating expenses)$'000 12,43811,871 PDF p. 110
Current tax payable$'000 –78 PDF p. 110
Deferred tax liabilities$'000 –721 PDF p. 110
The Company’s borrowings$'000 1,1001,300 PDF p. 110
The Company’s deferred grants$'000 –– PDF p. 110
The Company’s trade payables, GST payables and accrued operating expenses$'000 634365 PDF p. 110
Total unallocated$'000 14,17214,335 PDF p. 110
Liabilities reconciliation
Total liabilities$'000 69,83378,861 PDF p. 110
Notes

The Total unallocated and Total liabilities rows have no printed label.

Major customers (Group, general building activities in Singapore) 3 lines
Major customers (Group, general building activities in Singapore)
Item / unit 2022Group2021Group Source
Major customers
State-owned entity A$'000 22,52431,658 PDF p. 111
State-owned entity B$'000 7,119N.A. PDF p. 111
Other company$'000 7,2418,069 PDF p. 111
Notes

The Group has three (2021 - two) major customers from Singapore’s general building activities that each contributed greater than 10% of the Group’s total revenue.

By geography

Geographical segments 6 lines
Geographical segments
Item / unit 2022Group2021Group Source
Revenue
- Singapore$'000 52,39159,890 PDF p. 111
- Malaysia$'000 260365 PDF p. 111
Total revenue$'000 52,65160,255 PDF p. 111
Non-current assets
Singapore$'000 7,8179,481 PDF p. 111
Malaysia$'000 14,51017,345 PDF p. 111
Total non-current assets$'000 22,32726,826 PDF p. 111
Notes

Total rows have no printed label.

Debt

Borrowings

Liquidity risk maturity profile, Group, at 30 June 2022 (undiscounted)

Liquidity risk maturity profile, Group, at 30 June 2022 (undiscounted) — Group
Item / unit 2022on demand or within one year2022between two and five years2022more than five years2022adjustments2022total Source
At 30 June 2022
Borrowings$ (header prints $; Note 36.4 figures consistent with $’000 elsewhere) 23,6046,162–(495)29,271 PDF p. 116
Lease liabilities$ (header prints $) 2507161,617(630)1,953 PDF p. 116
Notes

Table prints unit as $ in header; amounts match $’000 carrying values in Note 21/22. Based on undiscounted cash flows including interest and principal.

Liquidity risk maturity profile, Group, at 30 June 2021 (undiscounted)

Liquidity risk maturity profile, Group, at 30 June 2021 (undiscounted) — Group
Item / unit 2021on demand or within one year2021between two and five years2021more than five years2021adjustments2021total Source
At 30 June 2021
Borrowings$ (header prints $) 21,79810,546454(669)32,129 PDF p. 116
Lease liabilities$ (header prints $) 3048281,754(707)2,179 PDF p. 116
Notes

The Company's financial liabilities are due within one year from the end of the reporting date.

Borrowing notes 3 tables

Borrowings

Borrowings
Item / unit 2022Group, 30 June 20222021Group, 30 June 20212022Company, 30 June 20222021Company, 30 June 2021 Source
Current
Bank overdrafts$’000 1,031494–– PDF p. 94
Bank borrowings$’000 22,31020,9691,1001,300 PDF p. 94
Current total$’000 23,34121,4631,1001,300 PDF p. 94
Non-current
Bank borrowings$’000 5,93010,666–– PDF p. 94
Non-current total$’000 5,93010,666–– PDF p. 94
Total
Total borrowings$’000 29,27132,1291,1001,300 PDF p. 94
Notes

Note 21.1 (p.95): interest rates on borrowings of the Group and the Company ranged from 1.51% to 7% (2021 - 1.73% to 7%); and 2.69% to 3.41% (2021 - 2.57% to 2.7%), respectively.

Certain bank borrowings are secured by corporate guarantees given by the Company; borrowing for a leasehold building is secured over the leasehold building; the Company's bank borrowing is secured by corporate guarantee given by a subsidiary.

Bank overdrafts of $1,031,000 (2021 - $494,000) repayable on demand, interest at bank's prime rate, secured by corporate guarantee by the Company.

Company revolving credit $1,100,000 (2021 – $1,300,000), repayment until 1 December 2027, interest 2% per annum over bank's cost of funds.

Term loan (a) $3,755,000 (2021 – $4,250,000) until April 2024, 1.5% over cost of funds; (b) $1,492,000 (2021 - $2,646,000) until November 2023, fixed 3.80%; (c) revolving working capital loans $10,777,000 (2021 - $15,423,000), 2.5% to 6.75% (2021 - 2% to 3%) over cost of funds; (d) import invoice financing loans $11,116,000 (2021 - $8,016,000), 2% to 5% over cost of funds.

Covenant breach: bank loans of $5,259,000 can be called for repayment at any time and are classified within current liabilities.

Lease liabilities of the Group relating to motor vehicles are secured over the underlying leased assets.

Lease liabilities

Lease liabilities
Item / unit 2022Group2021Group Source
Undiscounted lease payments due
- Year 1$’000 250304 PDF p. 97
- Year 2$’000 228251 PDF p. 97
- Year 3$’000 190227 PDF p. 97
- Year 4$’000 161190 PDF p. 97
- Year 5$’000 137160 PDF p. 97
- Year 6 and onwards$’000 1,6171,754 PDF p. 97
Less: Future interest cost$’000 (630)(707) PDF p. 97
Presented as
Current$’000 174225 PDF p. 97
Non-current$’000 1,7791,954 PDF p. 97
Lease liabilities$’000 1,9532,179 PDF p. 97
Notes

Interest expense on lease liabilities of $81,000 (2021 - $80,000) is recognised within “finance costs” in profit or loss.

Lease liabilities of the Group relating to motor vehicles are secured over the underlying leased assets (Note 5).

Currency denomination of borrowings and lease liabilities, Group

Currency denomination of borrowings and lease liabilities, Group — Group
Item / unit 2022Singapore dollars2022Malaysian Ringgit2022Total2021Singapore dollars2021Malaysian Ringgit2021Total Source
Borrowings$’000 (27,779)(1,492)(29,271)(29,483)(2,646)(32,129) PDF p. 113
Lease liabilities$’000 (1,930)(23)(1,953)(2,087)(92)(2,179) PDF p. 113
Notes

Exposure table by currency of entities' functional currency.

Payout

Dividends & distributions

Dividend policy

ItemValuePeriod / scopeSource
Dividend policy The Company currently does not have a fixed dividend policy. Company PDF p. 34
Capital management - formal dividend policy The Company and the Group currently do not adopt any formal dividend policy. Company and Group PDF p. 117

Dividends declared and proposed

ItemValuePeriod / scopeSource
The Board is not recommending any dividend for FY2022 The Board is not recommending any dividend for FY2022 at the forthcoming AGM due to the cash requirements for the Group’s operations. FY2022 (year ended 30 June 2022) PDF p. 34

Extracted from Annual Report 2022 and checked against the cited pages; see the original report for full context.

Auditor’s report

Audit & risk signals

Audit opinion

ItemValuePeriod / scopeSource
Independent auditor Foo Kon Tan LLP Group PDF p. 50
Engagement partner Chan Ser Group PDF p. 50
Qualified Opinion In our opinion, except for the effects of the matters described in the Basis for Qualified Opinion section of our report Group and Company PDF p. 42
Basis for Qualified Opinion - unable to obtain evidence we were unable to obtain sufficient appropriate audit evidence to satisfy ourselves as to accuracy of the carrying amount of the Group’s contract assets as at 30 June 2022 and the Group’s revenue for the current and prior financial periods. Group PDF p. 43

Going concern

ItemValuePeriod / scopeSource
Material Uncertainty Related to Going Concern indicate the existence of a material uncertainty that may cast significant doubt on the Group’s ability to continue as a going concern Group PDF p. 44

Extracted from Annual Report 2022 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 2022, 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.