ANNUAL REPORT
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group / restated comparison | Source |
|---|---|---|---|
| Group profit or loss and comprehensive income | |||
| RevenueSingapore dollars thousands | 28,245 | 39,931 | PDF p. 50 |
| Other incomeSingapore dollars thousands | 2,374 | 1,392 | PDF p. 50 |
| Purchases of finished goodsSingapore dollars thousands | (15,382) | (21,551) | PDF p. 50 |
| Changes in inventories of finished goodsSingapore dollars thousands | (60) | (148) | PDF p. 50 |
| Employee benefits expenseSingapore dollars thousands | (8,722) | (12,771) | PDF p. 50 |
| Amortisation of intangible assetsSingapore dollars thousands | (126) | (125) | PDF p. 50 |
| Depreciation of property, plant and equipmentSingapore dollars thousands | (1,188) | (1,878) | PDF p. 50 |
| Depreciation of right-of-use assetsSingapore dollars thousands | (1,656) | (2,087) | PDF p. 50 |
| Bad debts written offSingapore dollars thousands | (19) | (331) | PDF p. 50 |
| Impairment loss on trade and other receivablesSingapore dollars thousands | – | (64) | PDF p. 50 |
| Fair value change of the call and put option liabilitySingapore dollars thousands | – | (724) | PDF p. 50 |
| Prepayment written offSingapore dollars thousands | – | (770) | PDF p. 50 |
| Plant and equipment written offSingapore dollars thousands | – | (37) | PDF p. 50 |
| Impairment loss on intangible assetsSingapore dollars thousands | (2,431) | (5,998) | PDF p. 50 |
| Intangible assets written offSingapore dollars thousands | – | (762) | PDF p. 50 |
| Loss on disposal of subsidiariesSingapore dollars thousands | (4,319) | – | PDF p. 50 |
| Loss on financial guaranteeSingapore dollars thousands | – | (37,247) | PDF p. 50 |
| Other operating expensesSingapore dollars thousands | (3,435) | (2,831) | PDF p. 50 |
| Finance costsSingapore dollars thousands | (899) | (998) | PDF p. 50 |
| Loss before taxSingapore dollars thousands | (7,618) | (46,999) | PDF p. 50 |
| Tax expenseSingapore dollars thousands | (379) | (418) | PDF p. 50 |
| Loss for the financial yearSingapore dollars thousands | (7,997) | (47,417) | PDF p. 50 |
| Other comprehensive income/(loss), net of tax: Item that are or may be reclassified subsequently to profit or loss Currency translation differences arising from consolidationSingapore dollars thousands | 418 | (534) | PDF p. 50 |
| Other comprehensive income/(loss) for the financial year, net of taxSingapore dollars thousands | 418 | (534) | PDF p. 50 |
| Total comprehensive loss for the financial yearSingapore dollars thousands | (7,579) | (47,951) | PDF p. 50 |
| (Loss)/profit for the financial year attributable to: Owners of the CompanySingapore dollars thousands | (7,907) | (47,664) | PDF p. 50 |
| Non-controlling interestsSingapore dollars thousands | (90) | 247 | PDF p. 50 |
| SubtotalSingapore dollars thousands | (7,997) | (47,417) | PDF p. 50 |
| Total comprehensive (loss)/profit for the financial year attributable to: Owners of the CompanySingapore dollars thousands | (7,551) | (48,145) | PDF p. 50 |
| Non-controlling interestsSingapore dollars thousands | (28) | 194 | PDF p. 50 |
| SubtotalSingapore dollars thousands | (7,579) | (47,951) | PDF p. 50 |
| Loss per share attributable to owners of the Company (cent) - Basic and dilutedSingapore cents per share | (3.79) | (22.86) | PDF p. 50 |
Original report: PDF p. 50 ↗
FY2023 annual report and FY2022 restated comparisons use Singapore dollars thousands; FY2021/FY2020 comparative primary statements use US dollars thousands; FY2019 comparisons from FY2020 original use full US dollars. No currency conversion or rescaling is performed. Do not compare different currencies/units as a single consistent series.
FY2023 balance-sheet columns explicitly include 1 July2021 restated opening positions, distinct from FY2021 year-end financial positions in the older USD original. FY2020 income is the FY2021 source restated continuing/discontinued presentation. Original historical Group/Company primary scopes are retained.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group / restated comparison | 2021Group / 1 July2021 restated opening | 2023Company | 2022Company / restated comparison | 2021Company / 1 July2021 restated opening | Source |
|---|---|---|---|---|---|---|---|
| Non-current assets | |||||||
| Property, plant and equipmentSingapore dollars thousands | 178 | 2,074 | 4,233 | 173 | 5 | 12 | PDF p. 51 |
| Intangible assetsSingapore dollars thousands | – | 7,809 | 25,705 | – | – | 284 | PDF p. 51 |
| Right-of-use assetsSingapore dollars thousands | 307 | 1,998 | 5,140 | 307 | – | 567 | PDF p. 51 |
| SubsidiariesSingapore dollars thousands | – | – | – | 14,609 | 24,256 | 27,839 | PDF p. 51 |
| PrepaymentsSingapore dollars thousands | – | 347 | 992 | – | – | 992 | PDF p. 51 |
| Long-term receivablesSingapore dollars thousands | – | – | 467 | – | – | – | PDF p. 51 |
| Deferred tax assetsSingapore dollars thousands | – | – | 49 | – | – | – | PDF p. 51 |
| Total non-current assetsSingapore dollars thousands | 485 | 12,228 | 36,586 | 15,089 | 24,261 | 29,694 | PDF p. 51 |
| Current assets | |||||||
| InventoriesSingapore dollars thousands | 36 | 1,759 | 3,212 | – | – | – | PDF p. 51 |
| Trade and other receivablesSingapore dollars thousands | 2,963 | 6,169 | 8,892 | 385 | 281 | 544 | PDF p. 51 |
| PrepaymentsSingapore dollars thousands | 125 | 981 | 542 | 42 | – | 304 | PDF p. 51 |
| Cash and bank balancesSingapore dollars thousands | 3,220 | 2,098 | 8,742 | 162 | – | 95 | PDF p. 51 |
| Fixed depositsSingapore dollars thousands | 32 | 53 | 550 | – | – | – | PDF p. 51 |
| Financial asset at fair value through profit or lossSingapore dollars thousands | – | – | – | – | – | – | PDF p. 51 |
| SubtotalSingapore dollars thousands | 6,376 | 11,060 | 21,938 | 589 | 281 | 943 | PDF p. 51 |
| Disposal group classified as held for saleSingapore dollars thousands | 21,396 | 19,410 | – | – | – | – | PDF p. 51 |
| Total current assetsSingapore dollars thousands | 27,772 | 30,470 | 21,938 | 589 | 281 | 943 | PDF p. 51 |
| Total assetsSingapore dollars thousands | 28,257 | 42,698 | 58,524 | 15,678 | 24,542 | 30,637 | PDF p. 51 |
| EQUITY | |||||||
| Share capitalSingapore dollars thousands | 120,784 | 120,784 | 120,784 | 120,784 | 120,784 | 120,784 | PDF p. 51 |
| Treasury sharesSingapore dollars thousands | (1,182) | (1,182) | (1,182) | (1,182) | (1,182) | (1,182) | PDF p. 51 |
| Other reservesSingapore dollars thousands | 234 | 861 | (3,583) | 62 | 62 | 62 | PDF p. 51 |
| Reserve of disposal group classified as held for saleSingapore dollars thousands | 1,016 | (4,925) | – | – | – | – | PDF p. 51 |
| Accumulated lossesSingapore dollars thousands | (152,819) | (144,912) | (97,248) | (153,146) | (142,256) | (98,229) | PDF p. 51 |
| Equity attributable to owners of the CompanySingapore dollars thousands | (31,967) | (29,374) | 18,771 | (33,482) | (22,592) | 21,435 | PDF p. 51 |
| Non-controlling interestsSingapore dollars thousands | (1,513) | 429 | 1,427 | – | – | – | PDF p. 51 |
| Total equitySingapore dollars thousands | (33,480) | (28,945) | 20,198 | (33,482) | (22,592) | 21,435 | PDF p. 51 |
| Non-current liabilities | |||||||
| BorrowingsSingapore dollars thousands | – | 511 | 2,037 | – | – | – | PDF p. 52 |
| Lease liabilitiesSingapore dollars thousands | 194 | – | 1,775 | 194 | – | 366 | PDF p. 52 |
| Deferred tax liabilitiesSingapore dollars thousands | – | 37 | 200 | – | – | – | PDF p. 52 |
| Other payablesSingapore dollars thousands | – | – | 7,586 | – | – | – | PDF p. 52 |
| Total non-current liabilitiesSingapore dollars thousands | 194 | 548 | 11,598 | 194 | – | 366 | PDF p. 52 |
| Current liabilities | |||||||
| Trade and other payablesSingapore dollars thousands | 52,733 | 6,992 | 10,338 | 48,832 | 9,555 | 8,620 | PDF p. 52 |
| Contract liabilitiesSingapore dollars thousands | – | – | 202 | – | – | – | PDF p. 52 |
| BorrowingsSingapore dollars thousands | 2,058 | 9,525 | 14,595 | – | – | – | PDF p. 52 |
| Financial guarantee liabilitiesSingapore dollars thousands | – | 37,579 | – | – | 37,579 | – | PDF p. 52 |
| Lease liabilitiesSingapore dollars thousands | 134 | – | 1,114 | 134 | – | 216 | PDF p. 52 |
| Current income tax payableSingapore dollars thousands | 13 | – | 479 | – | – | – | PDF p. 52 |
| SubtotalSingapore dollars thousands | 54,938 | 54,096 | 26,728 | 48,966 | 47,134 | 8,836 | PDF p. 52 |
| Liabilities directly associated with disposal group classified as held for saleSingapore dollars thousands | 6,605 | 16,999 | – | – | – | – | PDF p. 52 |
| Total current liabilitiesSingapore dollars thousands | 61,543 | 71,095 | 26,728 | 48,966 | 47,134 | 8,836 | PDF p. 52 |
| Total liabilitiesSingapore dollars thousands | 61,737 | 71,643 | 38,326 | 49,160 | 47,134 | 9,202 | PDF p. 52 |
| Total equity and liabilitiesSingapore dollars thousands | 28,257 | 42,698 | 58,524 | 15,678 | 24,542 | 30,637 | PDF p. 52 |
Original report: PDF p. 51 ↗ PDF p. 52 ↗
FY2023 annual report and FY2022 restated comparisons use Singapore dollars thousands; FY2021/FY2020 comparative primary statements use US dollars thousands; FY2019 comparisons from FY2020 original use full US dollars. No currency conversion or rescaling is performed. Do not compare different currencies/units as a single consistent series.
FY2023 balance-sheet columns explicitly include 1 July2021 restated opening positions, distinct from FY2021 year-end financial positions in the older USD original. FY2020 income is the FY2021 source restated continuing/discontinued presentation. Original historical Group/Company primary scopes are retained.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / Share capital | 2023Group / Treasury shares | 2023Group / Foreign currency translation reserve | 2023Group / Capital reserve | 2023Group / Other reserves | 2023Group / Reserve of disposal group classified as held for sale | 2023Group / Accumulated losses | 2023Group / Owners subtotal | 2023Group / Non-controlling interests | 2023Group / Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity — ending 2023 | |||||||||||
| Balance at 1 July 2022Singapore dollars thousands | 120,784 | (1,182) | 799 | 62 | – | (4,925) | (144,912) | (29,374) | 429 | (28,945) | PDF p. 53 |
| Loss for the financial periodSingapore dollars thousands | – | – | – | – | – | – | (7,907) | (7,907) | (90) | (7,997) | PDF p. 53 |
| Other comprehensive income - Foreign currency translation differencesSingapore dollars thousands | – | – | 356 | – | – | – | – | 356 | 62 | 418 | PDF p. 53 |
| Total comprehensive income/(loss) for the financial periodSingapore dollars thousands | – | – | 356 | – | – | – | (7,907) | (7,551) | (28) | (7,579) | PDF p. 53 |
| Contributions by and distributions to owners - DividendsSingapore dollars thousands | – | – | – | – | – | – | – | – | (658) | (658) | PDF p. 53 |
| Transactions with owners in their own capacity as ownersSingapore dollars thousands | – | – | – | – | – | – | – | – | (658) | (658) | PDF p. 53 |
| Reserve attributable to disposal group classified as held for saleSingapore dollars thousands | – | – | (954) | (62) | – | 1,016 | – | – | – | – | PDF p. 53 |
| Disposal of a subsidiarySingapore dollars thousands | – | – | – | – | 33 | 4,925 | – | 4,958 | (1,256) | 3,702 | PDF p. 53 |
| Balance at 30 June 2023Singapore dollars thousands | 120,784 | (1,182) | 201 | – | 33 | 1,016 | (152,819) | (31,967) | (1,513) | (33,480) | PDF p. 53 |
Original report: PDF p. 53 ↗
FY2023 annual report and FY2022 restated comparisons use Singapore dollars thousands; FY2021/FY2020 comparative primary statements use US dollars thousands; FY2019 comparisons from FY2020 original use full US dollars. No currency conversion or rescaling is performed. Do not compare different currencies/units as a single consistent series.
FY2023 balance-sheet columns explicitly include 1 July2021 restated opening positions, distinct from FY2021 year-end financial positions in the older USD original. FY2020 income is the FY2021 source restated continuing/discontinued presentation. Original historical Group/Company primary scopes are retained.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / Share capital | 2022Group / Treasury shares | 2022Group / Foreign currency translation reserve | 2022Group / Capital reserve | 2022Group / Other reserves | 2022Group / Reserve of disposal group classified as held for sale | 2022Group / Accumulated losses | 2022Group / Owners subtotal | 2022Group / Non-controlling interests | 2022Group / Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity — ending 2022 | |||||||||||
| Balance at 1 July 2021, as restatedSingapore dollars thousands | 120,784 | (1,182) | 1,280 | 62 | (4,925) | – | (97,248) | 18,771 | 1,427 | 20,198 | PDF p. 54 |
| (Loss)/profit for the financial periodSingapore dollars thousands | – | – | – | – | – | – | (47,664) | (47,664) | 247 | (47,417) | PDF p. 54 |
| Other comprehensive loss: - Foreign currency translation differencesSingapore dollars thousands | – | – | (481) | – | – | – | – | (481) | (53) | (534) | PDF p. 54 |
| Total comprehensive (loss)/income for the financial periodSingapore dollars thousands | – | – | (481) | – | – | – | (47,664) | (48,145) | 194 | (47,951) | PDF p. 54 |
| Contributions by and distributions to owners - DividendsSingapore dollars thousands | – | – | – | – | – | – | – | – | (1,192) | (1,192) | PDF p. 54 |
| Transactions with owners in their own capacity as ownersSingapore dollars thousands | – | – | – | – | – | – | – | – | (1,192) | (1,192) | PDF p. 54 |
| Reserve attributable to disposal group classified as held for saleSingapore dollars thousands | – | – | – | – | 4,925 | (4,925) | – | – | – | – | PDF p. 54 |
| Balance at 30 June 2022, as restatedSingapore dollars thousands | 120,784 | (1,182) | 799 | 62 | – | (4,925) | (144,912) | (29,374) | 429 | (28,945) | PDF p. 54 |
Original report: PDF p. 54 ↗
FY2023 annual report and FY2022 restated comparisons use Singapore dollars thousands; FY2021/FY2020 comparative primary statements use US dollars thousands; FY2019 comparisons from FY2020 original use full US dollars. No currency conversion or rescaling is performed. Do not compare different currencies/units as a single consistent series.
FY2023 balance-sheet columns explicitly include 1 July2021 restated opening positions, distinct from FY2021 year-end financial positions in the older USD original. FY2020 income is the FY2021 source restated continuing/discontinued presentation. Original historical Group/Company primary scopes are retained.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Company / Share capital | 2023Company / Treasury shares | 2023Company / Capital reserve | 2023Company / Accumulated losses | 2023Company / Total equity | Source |
|---|---|---|---|---|---|---|
| Company changes in equity | ||||||
| Balance at 30 June 2022Singapore dollars thousands | 120,784 | (1,182) | 62 | (142,256) | (22,592) | PDF p. 55 |
| Loss for the year, representing total comprehensive loss for the financial periodSingapore dollars thousands | – | – | – | (10,890) | (10,890) | PDF p. 55 |
| Balance as at 30 June 2023Singapore dollars thousands | 120,784 | (1,182) | 62 | (153,146) | (33,482) | PDF p. 55 |
Original report: PDF p. 55 ↗
FY2023 annual report and FY2022 restated comparisons use Singapore dollars thousands; FY2021/FY2020 comparative primary statements use US dollars thousands; FY2019 comparisons from FY2020 original use full US dollars. No currency conversion or rescaling is performed. Do not compare different currencies/units as a single consistent series.
FY2023 balance-sheet columns explicitly include 1 July2021 restated opening positions, distinct from FY2021 year-end financial positions in the older USD original. FY2020 income is the FY2021 source restated continuing/discontinued presentation. Original historical Group/Company primary scopes are retained.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Company / Share capital | 2022Company / Treasury shares | 2022Company / Capital reserve | 2022Company / Accumulated losses | 2022Company / Total equity | Source |
|---|---|---|---|---|---|---|
| Company changes in equity | ||||||
| Balance at 1 July 2021, as restatedSingapore dollars thousands | 120,784 | (1,182) | 62 | (98,229) | 21,435 | PDF p. 55 |
| Loss for the year, representing total comprehensive loss for the financial periodSingapore dollars thousands | – | – | – | (44,027) | (44,027) | PDF p. 55 |
| Balance at 30 June 2022Singapore dollars thousands | 120,784 | (1,182) | 62 | (142,256) | (22,592) | PDF p. 55 |
Original report: PDF p. 55 ↗
FY2023 annual report and FY2022 restated comparisons use Singapore dollars thousands; FY2021/FY2020 comparative primary statements use US dollars thousands; FY2019 comparisons from FY2020 original use full US dollars. No currency conversion or rescaling is performed. Do not compare different currencies/units as a single consistent series.
FY2023 balance-sheet columns explicitly include 1 July2021 restated opening positions, distinct from FY2021 year-end financial positions in the older USD original. FY2020 income is the FY2021 source restated continuing/discontinued presentation. Original historical Group/Company primary scopes are retained.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group / restated comparison | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Loss before taxation:Singapore dollars thousands | (7,618) | (46,999) | PDF p. 56 |
| Adjustments for: | |||
| Amortisation of intangible assetsSingapore dollars thousands | 126 | 125 | PDF p. 56 |
| Impairment loss on intangible assetsSingapore dollars thousands | 2,431 | 5,998 | PDF p. 56 |
| Depreciation of property, plant and equipmentSingapore dollars thousands | 1,188 | 1,878 | PDF p. 56 |
| Depreciation of right-of-use assetsSingapore dollars thousands | 1,656 | 2,087 | PDF p. 56 |
| Interest expenseSingapore dollars thousands | 899 | 998 | PDF p. 56 |
| Loss o n financial guaranteeSingapore dollars thousands | – | 37,247 | PDF p. 56 |
| Fair value change of call and put option liabilitySingapore dollars thousands | – | 724 | PDF p. 56 |
| Bad debts written-offSingapore dollars thousands | 19 | 331 | PDF p. 56 |
| Impairment losses recognised on trade and other receivablesSingapore dollars thousands | – | 64 | PDF p. 56 |
| Prepayment written-offSingapore dollars thousands | – | 770 | PDF p. 56 |
| Plant and equipment written offSingapore dollars thousands | – | 37 | PDF p. 56 |
| Intangible assets written-offSingapore dollars thousands | – | 762 | PDF p. 56 |
| Loss on disposal of subsidiariesSingapore dollars thousands | 4,319 | – | PDF p. 56 |
| Gain on disposal of businessSingapore dollars thousands | (1,014) | – | PDF p. 56 |
| Waiver of put optionsSingapore dollars thousands | 1,093 | – | PDF p. 56 |
| Unrealised foreign exchange differencesSingapore dollars thousands | (728) | (811) | PDF p. 56 |
| Operating cash flows before working capital changes:Singapore dollars thousands | 2,371 | 3,211 | PDF p. 56 |
| Changes in inventoriesSingapore dollars thousands | 914 | 1,073 | PDF p. 56 |
| Changes in trade and other receivablesSingapore dollars thousands | (4,628) | 1,116 | PDF p. 56 |
| Changes in prepaymentsSingapore dollars thousands | (334) | 259 | PDF p. 56 |
| Changes in trade and other payablesSingapore dollars thousands | 2,707 | 930 | PDF p. 56 |
| Changes in contract liabilitiesSingapore dollars thousands | – | (208) | PDF p. 56 |
| Cash generated from operationsSingapore dollars thousands | 1,030 | 6,381 | PDF p. 56 |
| Income tax paidSingapore dollars thousands | (574) | (415) | PDF p. 56 |
| Net cash generated from operating activitiesSingapore dollars thousands | 456 | 5,966 | PDF p. 56 |
| Cash flows from investing activities | |||
| Acquisition of intangible assetsSingapore dollars thousands | – | (470) | PDF p. 57 |
| Purchase of property, plant and equipmentSingapore dollars thousands | (621) | (238) | PDF p. 57 |
| Proceed from disposal of plant and equipmentSingapore dollars thousands | 41 | – | PDF p. 57 |
| Net cash inflow from the disposal of subsidiaries (Note 9)Singapore dollars thousands | 1,043 | – | PDF p. 57 |
| Proceed from disposal of business (Note 5)Singapore dollars thousands | 592 | – | PDF p. 57 |
| Advance receipt from disposal of subsidiarySingapore dollars thousands | 5,079 | – | PDF p. 57 |
| Net cash outflow from acquisition of subsidiary (Note 15)Singapore dollars thousands | (62) | – | PDF p. 57 |
| Net cash generated from/(used in) investing activitiesSingapore dollars thousands | 6,072 | (708) | PDF p. 57 |
| Cash flows from financing activities | |||
| Dividends paid to the non-controlling interests of the subsidiariesSingapore dollars thousands | (658) | (1,192) | PDF p. 57 |
| Interest paidSingapore dollars thousands | (665) | (778) | PDF p. 57 |
| Proceeds from loansSingapore dollars thousands | 2,392 | 232 | PDF p. 57 |
| Restricted cash and cash balancesSingapore dollars thousands | – | 602 | PDF p. 57 |
| Repayment of loansSingapore dollars thousands | (8,172) | (2,119) | PDF p. 57 |
| Repayment of lease liabilitiesSingapore dollars thousands | (882) | (1,280) | PDF p. 57 |
| Repayment of profit guaranteeSingapore dollars thousands | – | (4,074) | PDF p. 57 |
| Advances from a creditorSingapore dollars thousands | 922 | 498 | PDF p. 57 |
| Net cash used in financing activitiesSingapore dollars thousands | (7,063) | (8,111) | PDF p. 57 |
| Net decrease in cash and cash equivalentsSingapore dollars thousands | (535) | (2,853) | PDF p. 57 |
| Cash and cash equivalents at beginning of financial yearSingapore dollars thousands | 5,679 | 8,881 | PDF p. 57 |
| Exchange differences on translation of cash and cash equivalentsSingapore dollars thousands | (677) | (349) | PDF p. 57 |
| Cash and cash equivalents at end of financial yearSingapore dollars thousands | 4,467 | 5,679 | PDF p. 57 |
Original report: PDF p. 56 ↗ PDF p. 57 ↗
FY2023 annual report and FY2022 restated comparisons use Singapore dollars thousands; FY2021/FY2020 comparative primary statements use US dollars thousands; FY2019 comparisons from FY2020 original use full US dollars. No currency conversion or rescaling is performed. Do not compare different currencies/units as a single consistent series.
FY2023 balance-sheet columns explicitly include 1 July2021 restated opening positions, distinct from FY2021 year-end financial positions in the older USD original. FY2020 income is the FY2021 source restated continuing/discontinued presentation. Original historical Group/Company primary scopes are retained.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group / original S$ chart | 2022Group / original S$ chart | 2023Group / original S$ chart | Source |
|---|---|---|---|---|
| Financial highlights — original dated reporting years | ||||
| REVENUE FROM CONTINUING OPERATIONS AND DISCONTINUING OPERATIONSingapore dollars thousands | 81,250 | 39,931 | 28,245 | PDF p. 11 |
Original report: PDF p. 11 ↗
The report supplies three years of highlights. FY2021chart is Singapore-dollar data; older FY2021primary original is US-dollar data. Revenue chart includes continuing and discontinued operation. No independent currency conversion is performed.
OriginalFY2021NAV9.53cents is retained.18771thousandSGDowners equity divided by208464669shares would give9.00cents; source does not state a bridge to9.53. FY2022andFY2023NAVmatch their original owners equity and issued voting shares.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group / original S$ chart | 2022Group / original S$ chart | 2023Group / original S$ chart | Source |
|---|---|---|---|---|
| Financial highlights — original dated reporting years | ||||
| SHAREHOLDERS’ EQUITYSingapore dollars thousands | 18,771 | (29,374) | (31,967) | PDF p. 11 |
Original report: PDF p. 11 ↗
The report supplies three years of highlights. FY2021chart is Singapore-dollar data; older FY2021primary original is US-dollar data. Revenue chart includes continuing and discontinued operation. No independent currency conversion is performed.
OriginalFY2021NAV9.53cents is retained.18771thousandSGDowners equity divided by208464669shares would give9.00cents; source does not state a bridge to9.53. FY2022andFY2023NAVmatch their original owners equity and issued voting shares.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group / original S$ chart | 2022Group / original S$ chart | 2023Group / original S$ chart | Source |
|---|---|---|---|---|
| Financial highlights — original dated reporting years | ||||
| (LOSS) AFTER TAXSingapore dollars thousands | (24,332) | (47,417) | (7,997) | PDF p. 11 |
Original report: PDF p. 11 ↗
The report supplies three years of highlights. FY2021chart is Singapore-dollar data; older FY2021primary original is US-dollar data. Revenue chart includes continuing and discontinued operation. No independent currency conversion is performed.
OriginalFY2021NAV9.53cents is retained.18771thousandSGDowners equity divided by208464669shares would give9.00cents; source does not state a bridge to9.53. FY2022andFY2023NAVmatch their original owners equity and issued voting shares.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group / original S$ chart | 2022Group / original S$ chart | 2023Group / original S$ chart | Source |
|---|---|---|---|---|
| Financial highlights — original dated reporting years | ||||
| NET ASSET VALUE PER ORDINARY SHARESingapore cents per share | 9.53 | (14.09) | (15.33) | PDF p. 11 |
Original report: PDF p. 11 ↗
The report supplies three years of highlights. FY2021chart is Singapore-dollar data; older FY2021primary original is US-dollar data. Revenue chart includes continuing and discontinued operation. No independent currency conversion is performed.
OriginalFY2021NAV9.53cents is retained.18771thousandSGDowners equity divided by208464669shares would give9.00cents; source does not state a bridge to9.53. FY2022andFY2023NAVmatch their original owners equity and issued voting shares.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / Lease liabilities | 2023Group / Borrowings | 2023Group / Advances from a creditor | Source |
|---|---|---|---|---|
| Group | ||||
| Balance at 1 July 2022Singapore dollars thousands | – | 10,036 | 498 | PDF p. 58 |
| Changes from financing cash flow: Advances fromSingapore dollars thousands | – | – | 922 | PDF p. 58 |
| Interest paidSingapore dollars thousands | (91) | (574) | – | PDF p. 58 |
| Proceeds from loansSingapore dollars thousands | – | 2,392 | – | PDF p. 58 |
| Repayment of lease liabilitiesSingapore dollars thousands | (882) | – | – | PDF p. 58 |
| Repayment of loansSingapore dollars thousands | – | (8,172) | – | PDF p. 58 |
| Total changes from financing cash flowsSingapore dollars thousands | (973) | (6,354) | 922 | PDF p. 58 |
| Effect of changes in foreign exchange ratesSingapore dollars thousands | – | (793) | – | PDF p. 58 |
| Other changes: New lease liabilitiesSingapore dollars thousands | 668 | – | – | PDF p. 58 |
| Interest expenseSingapore dollars thousands | 91 | 574 | – | PDF p. 58 |
| DisposalSingapore dollars thousands | (1,373) | – | – | PDF p. 58 |
| Reclassified from disposal groupSingapore dollars thousands | 1,915 | – | – | PDF p. 58 |
| Reclassified to disposal group held for sale (Note 22)Singapore dollars thousands | – | (1,405) | – | PDF p. 58 |
| SubtotalSingapore dollars thousands | 1,301 | (831) | – | PDF p. 58 |
| Balance at 30 June 2023Singapore dollars thousands | 328 | 2,058 | 1,420 | PDF p. 58 |
Original report: PDF p. 58 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / Lease liabilities | 2022Group / Borrowings | 2022Group / Advance receipt of profit guarantee | 2022Group / Advances from a creditor | Source |
|---|---|---|---|---|---|
| Group | |||||
| Balance at 1 July 2021Singapore dollars thousands | 2,889 | 16,632 | 4,000 | – | PDF p. 59 |
| Changes from financing cash flow: Advances fromSingapore dollars thousands | – | – | – | 498 | PDF p. 59 |
| Interest paidSingapore dollars thousands | (162) | (616) | – | – | PDF p. 59 |
| Proceeds from loansSingapore dollars thousands | – | 232 | – | – | PDF p. 59 |
| Repayment of lease liabilitiesSingapore dollars thousands | (1,280) | – | – | – | PDF p. 59 |
| Repayment of loansSingapore dollars thousands | – | (2,119) | – | – | PDF p. 59 |
| Repayment of profit guaranteeSingapore dollars thousands | – | – | (4,074) | – | PDF p. 59 |
| Total changes from financing cash flowsSingapore dollars thousands | (1,442) | (2,503) | (4,074) | 498 | PDF p. 59 |
| Effect of changes in foreign exchange ratesSingapore dollars thousands | 21 | (93) | (151) | – | PDF p. 59 |
| Other changes: New lease liabilitiesSingapore dollars thousands | 718 | – | – | – | PDF p. 59 |
| Interest expenseSingapore dollars thousands | 162 | 616 | – | – | PDF p. 59 |
| Reclassified to disposal group held for sale (Note 22)Singapore dollars thousands | (1,915) | (4,616) | – | – | PDF p. 59 |
| OthersSingapore dollars thousands | (433) | – | 225 | – | PDF p. 59 |
| SubtotalSingapore dollars thousands | (1,468) | (4,000) | 225 | – | PDF p. 59 |
| Balance at 30 June 2022Singapore dollars thousands | – | 10,036 | – | 498 | PDF p. 59 |
Original report: PDF p. 59 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Cash and cash equivalents reconciliation | |||
| Cash and bank balances and fixed depositsSingapore dollars thousands | 3,252 | 2,151 | PDF p. 101 |
| Less: Cash restricted in useSingapore dollars thousands | (1) | (1) | PDF p. 101 |
| Less: Fixed deposits pledgedSingapore dollars thousands | (32) | (53) | PDF p. 101 |
| Add: Disposal groups classified as held for sale (Note 22)Singapore dollars thousands | 1,248 | 3,582 | PDF p. 101 |
| SubtotalSingapore dollars thousands | 4,467 | 5,679 | PDF p. 101 |
Original report: PDF p. 101 ↗
Includes disposal-group cash, deducts restricted cash and pledged deposits; not identical to cash and bank balances in the balance sheet.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Loss per share / original inputs | |||
| Net loss attributable to equity holders of the CompanySingapore dollars thousands | (7,907) | (47,664) | PDF p. 80 |
| Weighted average number of ordinary shares outstanding for basic and diluted earnings per shareShares thousands | 208,465 | 208,465 | PDF p. 80 |
| Basic and diluted earnings per shareSingapore cents per share | (3.79) | (22.86) | PDF p. 80 |
Original report: PDF p. 80 ↗
Basic and diluted use owners-only loss and weighted average ordinary shares; share counts are thousands, separate from S$ monetary inputs. No parent Company income statement is inferred.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group / Share capital | 2021Group / Treasury shares | 2021Group / Foreign currency translation reserve | 2021Group / Capital reserve | 2021Group / Fair value reserve | 2021Group / Other reserves | 2021Group / Accumulated losses | 2021Group / Owners subtotal | 2021Group / Non-controlling interests | 2021Group / Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | |||||||||||
| Balance at 1 July 2020US dollars thousands | 88,183 | (863) | (500) | 45 | (5,468) | (3,595) | (45,831) | 31,971 | 1,099 | 33,070 | PDF p. 31 |
| Loss for the financial yearUS dollars thousands | – | – | – | – | – | – | (19,186) | (19,186) | 1,087 | (18,099) | PDF p. 31 |
| Other comprehensive income - Foreign currency translation differencesUS dollars thousands | – | – | 1,437 | – | – | – | – | 1,437 | 185 | 1,622 | PDF p. 31 |
| Total comprehensive income/(loss) for the financial yearUS dollars thousands | – | – | 1,437 | – | – | – | (19,186) | (17,749) | 1,272 | (16,477) | PDF p. 31 |
| Contributions by and distributions to owners - Capital reductionUS dollars thousands | – | – | – | – | – | – | – | – | (62) | (62) | PDF p. 31 |
| - DividendsUS dollars thousands | – | – | – | – | – | – | – | – | (1,261) | (1,261) | PDF p. 31 |
| Transactions with owners in their own capacity as ownersUS dollars thousands | – | – | – | – | – | – | – | – | (1,323) | (1,323) | PDF p. 31 |
| Loss of control over subsidiariesUS dollars thousands | – | – | – | – | 5,468 | – | (5,468) | – | – | – | PDF p. 31 |
| Balance at 30 June 2021US dollars thousands | 88,183 | (863) | 937 | 45 | – | (3,595) | (70,485) | 14,222 | 1,048 | 15,270 | PDF p. 31 |
Original report: PDF p. 31 ↗
FY2023 annual report and FY2022 restated comparisons use Singapore dollars thousands; FY2021/FY2020 comparative primary statements use US dollars thousands; FY2019 comparisons from FY2020 original use full US dollars. No currency conversion or rescaling is performed. Do not compare different currencies/units as a single consistent series.
FY2023 balance-sheet columns explicitly include 1 July2021 restated opening positions, distinct from FY2021 year-end financial positions in the older USD original. FY2020 income is the FY2021 source restated continuing/discontinued presentation. Original historical Group/Company primary scopes are retained.
Newer FY2022 comparative source selected: the original FY2021 report physical55 prints a positive total1323 for owner transactions although its NCI column and components are negative1323. FY2022 physical31right/printed61 prints negative1323 consistently. Neither original is modified.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group / restated comparison | Source |
|---|---|---|---|
| Continuing operations | |||
| RevenueUS dollars thousands | 42,039 | 49,529 | PDF p. 53 |
| Other incomeUS dollars thousands | 1,823 | 1,626 | PDF p. 53 |
| Purchases of finished goodsUS dollars thousands | (25,244) | (28,312) | PDF p. 53 |
| Changes in inventories of finished goodsUS dollars thousands | 69 | 228 | PDF p. 53 |
| Employee benefits expenseUS dollars thousands | (8,290) | (8,608) | PDF p. 53 |
| Amortisation of intangible assetsUS dollars thousands | (106) | (274) | PDF p. 53 |
| Depreciation of property, plant and equipmentUS dollars thousands | (392) | (102) | PDF p. 53 |
| Depreciation of right-of-use assetsUS dollars thousands | (1,390) | (1,176) | PDF p. 53 |
| Impairment loss on trade and other receivablesUS dollars thousands | (537) | (1,192) | PDF p. 53 |
| Other operating expensesUS dollars thousands | (6,602) | (13,026) | PDF p. 53 |
| Finance costsUS dollars thousands | (913) | (833) | PDF p. 53 |
| Share of results of an associate, net of taxUS dollars thousands | – | (7) | PDF p. 53 |
| Profit/(loss) before taxationUS dollars thousands | 457 | (2,147) | PDF p. 53 |
| TaxationUS dollars thousands | (399) | (457) | PDF p. 53 |
| Profit/(loss) from continuing operations for the yearUS dollars thousands | 58 | (2,604) | PDF p. 53 |
| Discontinued operation | |||
| Loss from discontinued operation, net of taxUS dollars thousands | (18,157) | (5,590) | PDF p. 53 |
| Loss for the yearUS dollars thousands | (18,099) | (8,194) | PDF p. 53 |
| Other comprehensive income/(loss): Item that will not be reclassified subsequently to profit or loss Fair value loss on equity investments at fair value through other comprehensive incomeUS dollars thousands | – | (2,545) | PDF p. 53 |
| Item that are or may be reclassified subsequently to profit or loss Foreign currency translation gain/(loss) on consolidationUS dollars thousands | 1,622 | (406) | PDF p. 53 |
| Other comprehensive income/(loss) for the financial year, net of taxUS dollars thousands | 1,622 | (2,951) | PDF p. 53 |
| Total comprehensive loss for the financial yearUS dollars thousands | (16,477) | (11,145) | PDF p. 53 |
| Loss for the year attributable to: Owners of the Company - Loss from continuing operations, net of taxUS dollars thousands | (1,029) | (3,409) | PDF p. 53 |
| - Loss from discontinued operation, net of taxUS dollars thousands | (18,157) | (5,590) | PDF p. 53 |
| SubtotalUS dollars thousands | (19,186) | (8,999) | PDF p. 53 |
| - Non-controlling interestsUS dollars thousands | 1,087 | 805 | PDF p. 53 |
| SubtotalUS dollars thousands | (18,099) | (8,194) | PDF p. 53 |
| Total comprehensive loss for the year attributable to: Owners of the Company - Profit/(loss) from continuing operations, net of taxUS dollars thousands | 408 | (3,761) | PDF p. 53 |
| - Loss from discontinued operation, net of taxUS dollars thousands | (18,157) | (8,135) | PDF p. 53 |
| SubtotalUS dollars thousands | (17,749) | (11,896) | PDF p. 53 |
| - Non-controlling interestsUS dollars thousands | 1,272 | 751 | PDF p. 53 |
| SubtotalUS dollars thousands | (16,477) | (11,145) | PDF p. 53 |
| Loss per share attributable to owners of the Company from continuing operations (US cent) - Basic and dilutedUS cents per share | (0.49) | (1.64) | PDF p. 53 |
Original report: PDF p. 53 ↗
FY2023 annual report and FY2022 restated comparisons use Singapore dollars thousands; FY2021/FY2020 comparative primary statements use US dollars thousands; FY2019 comparisons from FY2020 original use full US dollars. No currency conversion or rescaling is performed. Do not compare different currencies/units as a single consistent series.
FY2023 balance-sheet columns explicitly include 1 July2021 restated opening positions, distinct from FY2021 year-end financial positions in the older USD original. FY2020 income is the FY2021 source restated continuing/discontinued presentation. Original historical Group/Company primary scopes are retained.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | 2021Company | 2020Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Property, plant and equipmentUS dollars thousands | 3,200 | 8,739 | 9 | 7 | PDF p. 54 |
| Intangible assetsUS dollars thousands | 19,433 | 18,524 | 215 | – | PDF p. 54 |
| Right-of-use assetsUS dollars thousands | 3,886 | 3,010 | 429 | – | PDF p. 54 |
| SubsidiariesUS dollars thousands | – | – | 21,046 | 46,436 | PDF p. 54 |
| Financial asset at fair value through other comprehensive incomeUS dollars thousands | – | 17,192 | – | – | PDF p. 54 |
| PrepaymentsUS dollars thousands | 750 | – | 750 | – | PDF p. 54 |
| Long-term receivablesUS dollars thousands | 353 | 1,751 | – | – | PDF p. 54 |
| Deferred tax assetsUS dollars thousands | 37 | 183 | – | – | PDF p. 54 |
| Total non-current assetsUS dollars thousands | 27,659 | 49,399 | 22,449 | 46,443 | PDF p. 54 |
| Current assets | |||||
| InventoriesUS dollars thousands | 2,428 | 1,913 | – | – | PDF p. 54 |
| Trade and other receivablesUS dollars thousands | 6,722 | 16,993 | 411 | 3,687 | PDF p. 54 |
| Contract assetsUS dollars thousands | – | 3,933 | – | – | PDF p. 54 |
| PrepaymentsUS dollars thousands | 410 | 596 | 230 | 15 | PDF p. 54 |
| Derivative financial instrumentsUS dollars thousands | – | 1,495 | – | – | PDF p. 54 |
| Cash and bank balancesUS dollars thousands | 6,609 | 19,323 | 72 | 432 | PDF p. 54 |
| Fixed depositsUS dollars thousands | 416 | 391 | – | – | PDF p. 54 |
| Financial asset at fair value through profit and lossUS dollars thousands | – | – | – | – | PDF p. 54 |
| Total current assetsUS dollars thousands | 16,585 | 44,644 | 713 | 4,134 | PDF p. 54 |
| Total assetsUS dollars thousands | 44,244 | 94,043 | 23,162 | 50,577 | PDF p. 54 |
| Equity | |||||
| Share capitalUS dollars thousands | 88,183 | 88,183 | 88,183 | 88,183 | PDF p. 54 |
| Treasury sharesUS dollars thousands | (863) | (863) | (863) | (863) | PDF p. 54 |
| Other reservesUS dollars thousands | (2,613) | (9,518) | 45 | 45 | PDF p. 54 |
| Accumulated lossesUS dollars thousands | (70,485) | (45,831) | (71,160) | (43,283) | PDF p. 54 |
| Equity attributable to equity holder of the CompanyUS dollars thousands | 14,222 | 31,971 | 16,205 | 44,082 | PDF p. 54 |
| Non-controlling interestsUS dollars thousands | 1,048 | 1,099 | – | – | PDF p. 54 |
| Total equityUS dollars thousands | 15,270 | 33,070 | 16,205 | 44,082 | PDF p. 54 |
| Non-current liabilities | |||||
| BorrowingsUS dollars thousands | 1,540 | 14,906 | – | – | PDF p. 54 |
| Lease liabilitiesUS dollars thousands | 1,342 | 348 | 277 | – | PDF p. 54 |
| Deferred tax liabilitiesUS dollars thousands | 151 | 387 | – | – | PDF p. 54 |
| Other payablesUS dollars thousands | 5,735 | 4,877 | – | – | PDF p. 54 |
| Total non-current liabilitiesUS dollars thousands | 8,768 | 20,518 | 277 | – | PDF p. 54 |
| Current liabilities | |||||
| Trade and other payablesUS dollars thousands | 7,815 | 26,025 | 6,517 | 6,495 | PDF p. 54 |
| Contract liabilitiesUS dollars thousands | 153 | 157 | – | – | PDF p. 54 |
| BorrowingsUS dollars thousands | 11,034 | 12,455 | – | – | PDF p. 54 |
| Lease liabilitiesUS dollars thousands | 842 | 728 | 163 | – | PDF p. 54 |
| Derivative financial instrumentsUS dollars thousands | – | 350 | – | – | PDF p. 54 |
| Current income tax payableUS dollars thousands | 362 | 740 | – | – | PDF p. 54 |
| Total current liabilitiesUS dollars thousands | 20,206 | 40,455 | 6,680 | 6,495 | PDF p. 54 |
| Total liabilitiesUS dollars thousands | 28,974 | 60,973 | 6,957 | 6,495 | PDF p. 54 |
| Total equity and liabilitiesUS dollars thousands | 44,244 | 94,043 | 23,162 | 50,577 | PDF p. 54 |
Original report: PDF p. 54 ↗
FY2023 annual report and FY2022 restated comparisons use Singapore dollars thousands; FY2021/FY2020 comparative primary statements use US dollars thousands; FY2019 comparisons from FY2020 original use full US dollars. No currency conversion or rescaling is performed. Do not compare different currencies/units as a single consistent series.
FY2023 balance-sheet columns explicitly include 1 July2021 restated opening positions, distinct from FY2021 year-end financial positions in the older USD original. FY2020 income is the FY2021 source restated continuing/discontinued presentation. Original historical Group/Company primary scopes are retained.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2020Group / Share capital | 2020Group / Treasury shares | 2020Group / Foreign currency translation reserve | 2020Group / Capital reserve | 2020Group / Fair value reserve | 2020Group / Other reserves | 2020Group / Accumulated losses | 2020Group / Owners subtotal | 2020Group / Non-controlling interests | 2020Group / Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | |||||||||||
| Balance at 1 July 2019US dollars thousands | 88,183 | (863) | (148) | 45 | (2,923) | (3,596) | (36,864) | 43,834 | 1,338 | 45,172 | PDF p. 56 |
| Loss for the financial yearUS dollars thousands | – | – | – | – | – | – | (8,999) | (8,999) | 805 | (8,194) | PDF p. 56 |
| Other comprehensive loss: - Changes in the fair value of equity investments at fair value through other comprehensive incomeUS dollars thousands | – | – | – | – | (2,545) | – | – | (2,545) | – | (2,545) | PDF p. 56 |
| - Foreign currency translation differencesUS dollars thousands | – | – | (352) | – | – | – | – | (352) | (54) | (406) | PDF p. 56 |
| Total comprehensive loss for the financial yearUS dollars thousands | – | – | (352) | – | (2,545) | – | (8,999) | (11,896) | 751 | (11,145) | PDF p. 56 |
| Contributions by and distributions to owners - Effects of acquiring of non-controlling interest in a subsidiaryUS dollars thousands | – | – | – | – | – | – | 32 | 32 | (132) | (100) | PDF p. 56 |
| - Deregistration/disposal of subsidiariesUS dollars thousands | – | – | – | – | – | 1 | – | 1 | – | 1 | PDF p. 56 |
| - DividendsUS dollars thousands | – | – | – | – | – | – | – | – | (858) | (858) | PDF p. 56 |
| Transactions with owners in their own capacity as ownersUS dollars thousands | – | – | – | – | – | 1 | 32 | 33 | (990) | (957) | PDF p. 56 |
| Balance at 30 June 2020US dollars thousands | 88,183 | (863) | (500) | 45 | (5,468) | (3,595) | (45,831) | 31,971 | 1,099 | 33,070 | PDF p. 56 |
Original report: PDF p. 56 ↗
FY2023 annual report and FY2022 restated comparisons use Singapore dollars thousands; FY2021/FY2020 comparative primary statements use US dollars thousands; FY2019 comparisons from FY2020 original use full US dollars. No currency conversion or rescaling is performed. Do not compare different currencies/units as a single consistent series.
FY2023 balance-sheet columns explicitly include 1 July2021 restated opening positions, distinct from FY2021 year-end financial positions in the older USD original. FY2020 income is the FY2021 source restated continuing/discontinued presentation. Original historical Group/Company primary scopes are retained.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Company / Share capital | 2021Company / Treasury shares | 2021Company / Capital reserve | 2021Company / Accumulated losses | 2021Company / Total equity | Source |
|---|---|---|---|---|---|---|
| Company | ||||||
| Balance at 30 June 2020US dollars thousands | 88,183 | (863) | 45 | (43,283) | 44,082 | PDF p. 57 |
| Loss for the year, representing total comprehensive loss for the financial yearUS dollars thousands | – | – | – | (27,877) | (27,877) | PDF p. 57 |
| Balance at 30 June 2021US dollars thousands | 88,183 | (863) | 45 | (71,160) | 16,205 | PDF p. 57 |
Original report: PDF p. 57 ↗
FY2023 annual report and FY2022 restated comparisons use Singapore dollars thousands; FY2021/FY2020 comparative primary statements use US dollars thousands; FY2019 comparisons from FY2020 original use full US dollars. No currency conversion or rescaling is performed. Do not compare different currencies/units as a single consistent series.
FY2023 balance-sheet columns explicitly include 1 July2021 restated opening positions, distinct from FY2021 year-end financial positions in the older USD original. FY2020 income is the FY2021 source restated continuing/discontinued presentation. Original historical Group/Company primary scopes are retained.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2020Company / Share capital | 2020Company / Treasury shares | 2020Company / Capital reserve | 2020Company / Accumulated losses | 2020Company / Total equity | Source |
|---|---|---|---|---|---|---|
| Company | ||||||
| Balance at 1 July 2019US dollars thousands | 88,183 | (863) | 45 | (39,310) | 48,055 | PDF p. 57 |
| Loss for the year, representing total comprehensive loss for the financial yearUS dollars thousands | – | – | – | (3,973) | (3,973) | PDF p. 57 |
| Balance at 30 June 2020US dollars thousands | 88,183 | (863) | 45 | (43,283) | 44,082 | PDF p. 57 |
Original report: PDF p. 57 ↗
FY2023 annual report and FY2022 restated comparisons use Singapore dollars thousands; FY2021/FY2020 comparative primary statements use US dollars thousands; FY2019 comparisons from FY2020 original use full US dollars. No currency conversion or rescaling is performed. Do not compare different currencies/units as a single consistent series.
FY2023 balance-sheet columns explicitly include 1 July2021 restated opening positions, distinct from FY2021 year-end financial positions in the older USD original. FY2020 income is the FY2021 source restated continuing/discontinued presentation. Original historical Group/Company primary scopes are retained.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit/(loss) before taxation: - from continuing operationsUS dollars thousands | 457 | (2,147) | PDF p. 58 |
| - from discontinued operationUS dollars thousands | (18,169) | (5,626) | PDF p. 58 |
| SubtotalUS dollars thousands | (17,712) | (7,773) | PDF p. 58 |
| Adjustments for: | |||
| Amortisation of intangible assetsUS dollars thousands | 106 | 274 | PDF p. 58 |
| Depreciation of property, plant and equipmentUS dollars thousands | 1,904 | 1,300 | PDF p. 58 |
| Depreciation of right-of-use assetsUS dollars thousands | 1,475 | 1,346 | PDF p. 58 |
| Impairment loss on intangible assetsUS dollars thousands | – | 1,004 | PDF p. 58 |
| Interest expenseUS dollars thousands | 1,921 | 2,769 | PDF p. 58 |
| Interest incomeUS dollars thousands | (125) | (94) | PDF p. 58 |
| Net fair value (gain)/loss on derivative financial instrumentsUS dollars thousands | (2) | 233 | PDF p. 58 |
| Net present value change of the call and put option liabilityUS dollars thousands | 858 | 1,281 | PDF p. 58 |
| Reversal of allowance for inventories obsolescenceUS dollars thousands | – | (254) | PDF p. 58 |
| Impairment losses recognised on trade and other receivablesUS dollars thousands | 537 | 7,289 | PDF p. 58 |
| Loss arising from loss of control over subsidiariesUS dollars thousands | 15,611 | – | PDF p. 58 |
| Plant and equipment written offUS dollars thousands | 24 | – | PDF p. 58 |
| Share of results of associatesUS dollars thousands | – | 7 | PDF p. 58 |
| Unrealised foreign exchange differencesUS dollars thousands | 38 | (385) | PDF p. 58 |
| Operating cash flows before working capital changes:US dollars thousands | 4,635 | 6,997 | PDF p. 58 |
| Changes in inventoriesUS dollars thousands | (629) | (3) | PDF p. 58 |
| Changes in trade and other receivablesUS dollars thousands | 6,119 | 5,698 | PDF p. 58 |
| Changes in contract assetsUS dollars thousands | 3,933 | 14,355 | PDF p. 58 |
| Changes in prepaymentsUS dollars thousands | 256 | 230 | PDF p. 58 |
| Changes in trade and other payablesUS dollars thousands | (16,543) | (20,287) | PDF p. 58 |
| Changes in contract liabilitiesUS dollars thousands | (5) | 2 | PDF p. 58 |
| Cash (used in)/ generated from operationsUS dollars thousands | (2,234) | 6,992 | PDF p. 58 |
| Income tax paidUS dollars thousands | (661) | (400) | PDF p. 58 |
| Net cash (used in)/generated from operating activitiesUS dollars thousands | (2,895) | 6,592 | PDF p. 58 |
| Cash flows from investing activities | |||
| Acquisition of intangible assetsUS dollars thousands | (215) | – | PDF p. 59 |
| Interest receivedUS dollars thousands | 125 | 61 | PDF p. 59 |
| Purchase of property, plant and equipmentUS dollars thousands | (2,345) | (150) | PDF p. 59 |
| Net cash outflow on loss of control over subsidiariesUS dollars thousands | (1,000) | – | PDF p. 59 |
| Net cash used in investing activitiesUS dollars thousands | (3,435) | (89) | PDF p. 59 |
| Cash flows from financing activities | |||
| Acquisition of non-controlling interests in a subsidiaryUS dollars thousands | – | (101) | PDF p. 59 |
| Capital reduction paid to non-controlling interests of the subsidiariesUS dollars thousands | (62) | – | PDF p. 59 |
| Dividends paid to the non-controlling interests of the subsidiariesUS dollars thousands | (1,261) | (858) | PDF p. 59 |
| Fixed deposits pledgedUS dollars thousands | – | 49 | PDF p. 59 |
| Interest paidUS dollars thousands | (1,210) | (2,669) | PDF p. 59 |
| Proceeds from loansUS dollars thousands | 4,768 | 36,323 | PDF p. 59 |
| Proceeds from financing of vessel, net of transaction costsUS dollars thousands | – | 4,614 | PDF p. 59 |
| Restricted cash and bank balancesUS dollars thousands | 2,191 | 8,827 | PDF p. 59 |
| Repayment of loansUS dollars thousands | (8,973) | (41,299) | PDF p. 59 |
| Repayment of lease liabilitiesUS dollars thousands | (1,242) | (1,046) | PDF p. 59 |
| Net cash (used in)/generated from financing activitiesUS dollars thousands | (5,789) | 3,840 | PDF p. 59 |
| Net (decrease)/increase in cash and cash equivalentsUS dollars thousands | (12,119) | 10,343 | PDF p. 59 |
| Cash and cash equivalents at beginning of financial yearUS dollars thousands | 17,065 | 6,821 | PDF p. 59 |
| Exchange differences on translation of cash and cash equivalentsUS dollars thousands | 1,596 | (99) | PDF p. 59 |
| Cash and cash equivalents at end of financial yearUS dollars thousands | 6,542 | 17,065 | PDF p. 59 |
Original report: PDF p. 58 ↗ PDF p. 59 ↗
FY2023 annual report and FY2022 restated comparisons use Singapore dollars thousands; FY2021/FY2020 comparative primary statements use US dollars thousands; FY2019 comparisons from FY2020 original use full US dollars. No currency conversion or rescaling is performed. Do not compare different currencies/units as a single consistent series.
FY2023 balance-sheet columns explicitly include 1 July2021 restated opening positions, distinct from FY2021 year-end financial positions in the older USD original. FY2020 income is the FY2021 source restated continuing/discontinued presentation. Original historical Group/Company primary scopes are retained.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2019Group | Source |
|---|---|---|
| Group profit or loss and comprehensive income | ||
| RevenueUS dollars | 605,020,931 | PDF p. 53 |
| Other incomeUS dollars | 814,252 | PDF p. 53 |
| Purchases of finished goodsUS dollars | (574,875,092) | PDF p. 53 |
| Changes in inventories of finished goodsUS dollars | (14,362,415) | PDF p. 53 |
| Employee benefits expenseUS dollars | (9,208,910) | PDF p. 53 |
| Amortisation of intangible assetsUS dollars | (228,450) | PDF p. 53 |
| Depreciation of property, plant and equipmentUS dollars | (749,508) | PDF p. 53 |
| Depreciation of right-of-use assetsUS dollars | - | PDF p. 53 |
| Net fair value (loss)/gain on derivative financial instrumentsUS dollars | 1,286,002 | PDF p. 53 |
| Other operating expensesUS dollars | (4,549,353) | PDF p. 53 |
| Impairment loss (recognised)/reversed on trade and other receivablesUS dollars | 25,303 | PDF p. 53 |
| Impairment loss on intangible assetUS dollars | - | PDF p. 53 |
| Net present value change of the call and put option liabilityUS dollars | - | PDF p. 53 |
| Finance costsUS dollars | (2,815,875) | PDF p. 53 |
| Share of results of associates, net of taxUS dollars | - | PDF p. 53 |
| (Loss)/Profit before taxationUS dollars | 356,885 | PDF p. 53 |
| Income tax expenseUS dollars | (250,338) | PDF p. 53 |
| (Loss)/Profit for the yearUS dollars | 106,547 | PDF p. 53 |
| Other comprehensive loss after tax: Item that will not be reclassified subsequently to profit or loss Fair value loss on equity investments at fair value through other comprehensive incomeUS dollars | (1,936,016) | PDF p. 53 |
| Items that are or may be reclassified subsequently to profit or loss Foreign currency translation loss on consolidationUS dollars | (231,778) | PDF p. 53 |
| Other comprehensive loss for the year, net of taxUS dollars | (2,167,794) | PDF p. 53 |
| Total comprehensive loss for the yearUS dollars | (2,061,247) | PDF p. 53 |
| (Loss)/Profit attributable to - owners of the CompanyUS dollars | (684,625) | PDF p. 53 |
| - non-controlling interestsUS dollars | 791,172 | PDF p. 53 |
| SubtotalUS dollars | 106,547 | PDF p. 53 |
| Total comprehensive loss attributable to - owners of the CompanyUS dollars | (2,803,687) | PDF p. 53 |
| - non-controlling interestsUS dollars | 742,440 | PDF p. 53 |
| SubtotalUS dollars | (2,061,247) | PDF p. 53 |
| Loss per share attributable to owners of the Company (US cent) - basic and dilutedUS cents per share | (0.3732) | PDF p. 53 |
Original report: PDF p. 53 ↗
FY2023 annual report and FY2022 restated comparisons use Singapore dollars thousands; FY2021/FY2020 comparative primary statements use US dollars thousands; FY2019 comparisons from FY2020 original use full US dollars. No currency conversion or rescaling is performed. Do not compare different currencies/units as a single consistent series.
FY2023 balance-sheet columns explicitly include 1 July2021 restated opening positions, distinct from FY2021 year-end financial positions in the older USD original. FY2020 income is the FY2021 source restated continuing/discontinued presentation. Original historical Group/Company primary scopes are retained.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2019Group | 2019Company | Source |
|---|---|---|---|
| Current assets | |||
| Cash and bank balancesUS dollars | 17,905,311 | 215,001 | PDF p. 52 |
| Fixed depositsUS dollars | 451,239 | - | PDF p. 52 |
| Trade and other receivablesUS dollars | 30,370,013 | 6,205,099 | PDF p. 52 |
| Contract assetsUS dollars | 18,287,931 | - | PDF p. 52 |
| PrepaymentsUS dollars | 826,291 | 16,554 | PDF p. 52 |
| InventoriesUS dollars | 1,655,198 | - | PDF p. 52 |
| Derivative financial instrumentsUS dollars | - | - | PDF p. 52 |
| SubtotalUS dollars | 69,495,983 | 6,436,654 | PDF p. 52 |
| Non-current assets | |||
| Property, plant and equipmentUS dollars | 9,963,874 | 1,398 | PDF p. 52 |
| Intangible assetsUS dollars | 20,098,196 | - | PDF p. 52 |
| Right of use assetsUS dollars | - | - | PDF p. 52 |
| SubsidiariesUS dollars | - | 46,436,018 | PDF p. 52 |
| Financial asset at fair value through other comprehensive incomeUS dollars | 19,736,505 | - | PDF p. 52 |
| Long-term receivablesUS dollars | 3,414,519 | 900,000 | PDF p. 52 |
| Deferred tax assetsUS dollars | 199,176 | - | PDF p. 52 |
| SubtotalUS dollars | 53,412,270 | 47,337,416 | PDF p. 52 |
| Total assetsUS dollars | 122,908,253 | 53,774,070 | PDF p. 52 |
| Current liabilities | |||
| Trade and other payablesUS dollars | 44,795,006 | 642,449 | PDF p. 52 |
| Contract liabilitiesUS dollars | 154,614 | - | PDF p. 52 |
| BorrowingsUS dollars | 26,516,583 | 3,626,000 | PDF p. 52 |
| Derivative financial instrumentsUS dollars | 5,101 | - | PDF p. 52 |
| Lease liabilitiesUS dollars | - | - | PDF p. 52 |
| Current tax payableUS dollars | 454,714 | - | PDF p. 52 |
| SubtotalUS dollars | 71,926,018 | 4,268,449 | PDF p. 52 |
| Non-current liabilities | |||
| BorrowingsUS dollars | 96,602 | - | PDF p. 52 |
| Lease liabilitiesUS dollars | - | - | PDF p. 52 |
| Deferred tax liabilitiesUS dollars | 667,694 | - | PDF p. 52 |
| Other payablesUS dollars | 5,046,400 | 1,450,400 | PDF p. 52 |
| SubtotalUS dollars | 5,810,696 | 1,450,400 | PDF p. 52 |
| Total liabilitiesUS dollars | 77,736,714 | 5,718,849 | PDF p. 52 |
| Capital, reserves and non- controlling interests Share capitalUS dollars | 88,182,730 | 88,182,730 | PDF p. 52 |
| Treasury sharesUS dollars | (862,540) | (862,540) | PDF p. 52 |
| Other reservesUS dollars | (6,622,665) | 44,857 | PDF p. 52 |
| Accumulated lossesUS dollars | (36,863,960) | (39,309,826) | PDF p. 52 |
| Equity attributable to owners of the CompanyUS dollars | 43,833,565 | 48,055,221 | PDF p. 52 |
| Non-controlling interestsUS dollars | 1,337,974 | - | PDF p. 52 |
| Total equityUS dollars | 45,171,539 | 48,055,221 | PDF p. 52 |
| Total liabilities and equityUS dollars | 122,908,253 | 53,774,070 | PDF p. 52 |
Original report: PDF p. 52 ↗
FY2023 annual report and FY2022 restated comparisons use Singapore dollars thousands; FY2021/FY2020 comparative primary statements use US dollars thousands; FY2019 comparisons from FY2020 original use full US dollars. No currency conversion or rescaling is performed. Do not compare different currencies/units as a single consistent series.
FY2023 balance-sheet columns explicitly include 1 July2021 restated opening positions, distinct from FY2021 year-end financial positions in the older USD original. FY2020 income is the FY2021 source restated continuing/discontinued presentation. Original historical Group/Company primary scopes are retained.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2019Group / Share capital | 2019Group / Treasury shares | 2019Group / Warrant reserve | 2019Group / Foreign currency translation reserve | 2019Group / Capital reserve | 2019Group / Fair value reserve | 2019Group / Other reserves | 2019Group / Accumulated losses | 2019Group / Owners subtotal | 2019Group / Non-controlling interests | 2019Group / Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity — ending 2019 | ||||||||||||
| Balance at 1 July 2018 - As previously reportedUS dollars | 78,076,108 | (862,540) | 665,481 | 508,045 | 44,857 | (987,476) | - | (35,852,364) | 41,592,111 | 784,193 | 42,376,304 | PDF p. 55 |
| - Effect of adoption of SFRS(I)sUS dollars | - | - | - | (473,029) | - | - | - | (326,971) | (800,000) | - | (800,000) | PDF p. 55 |
| As restatedUS dollars | 78,076,108 | (862,540) | 665,481 | 35,016 | 44,857 | (987,476) | - | (36,179,335) | 40,792,111 | 784,193 | 41,576,304 | PDF p. 55 |
| (Loss)/Profit for the yearUS dollars | - | - | - | - | - | - | - | (684,625) | (684,625) | 791,172 | 106,547 | PDF p. 55 |
| Other comprehensive loss for the year - Changes in the fair value of equity investments at fair value through other comprehensive incomeUS dollars | - | - | - | - | - | (1,936,016) | - | - | (1,936,016) | - | (1,936,016) | PDF p. 55 |
| - Foreign currency translation differencesUS dollars | - | - | - | (183,046) | - | - | - | - | (183,046) | (48,732) | (231,778) | PDF p. 55 |
| Total comprehensive (loss)/ income for the yearUS dollars | - | - | - | (183,046) | - | (1,936,016) | - | (684,625) | (2,803,687) | 742,440 | (2,061,247) | PDF p. 55 |
| Contributions by and distributions to owners - Issue of shares (Note 23)US dollars | 9,312,464 | - | - | - | - | - | - | - | 9,312,464 | - | 9,312,464 | PDF p. 55 |
| - Exercise of warrantsUS dollars | 153,835 | - | (25,158) | - | - | - | - | - | 128,677 | - | 128,677 | PDF p. 55 |
| - Expiry of warrantsUS dollars | 640,323 | - | (640,323) | - | - | - | - | - | - | - | - | PDF p. 55 |
| - Deregistration/disposal of subsidiariesUS dollars | - | - | - | - | - | - | - | - | - | 148,679 | 148,679 | PDF p. 55 |
| - DividendsUS dollars | - | - | - | - | - | - | - | - | - | (510,469) | (510,469) | PDF p. 55 |
| Changes in ownership interests in subsidiaries - Acquisition of subsidiaries (Note 5)US dollars | - | - | - | - | - | - | (3,596,000) | - | (3,596,000) | 173,131 | (3,422,869) | PDF p. 55 |
| Transactions with owners in their capacity as ownersUS dollars | 10,106,622 | - | (665,481) | - | - | - | (3,596,000) | - | 5,845,141 | (188,659) | 5,656,482 | PDF p. 55 |
| Balance at 30 June 2019US dollars | 88,182,730 | (862,540) | - | (148,030) | 44,857 | (2,923,492) | (3,596,000) | (36,863,960) | 43,833,565 | 1,337,974 | 45,171,539 | PDF p. 55 |
Original report: PDF p. 55 ↗
FY2023 annual report and FY2022 restated comparisons use Singapore dollars thousands; FY2021/FY2020 comparative primary statements use US dollars thousands; FY2019 comparisons from FY2020 original use full US dollars. No currency conversion or rescaling is performed. Do not compare different currencies/units as a single consistent series.
FY2023 balance-sheet columns explicitly include 1 July2021 restated opening positions, distinct from FY2021 year-end financial positions in the older USD original. FY2020 income is the FY2021 source restated continuing/discontinued presentation. Original historical Group/Company primary scopes are retained.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2019Company / Share capital | 2019Company / Treasury shares | 2019Company / Warrant reserve | 2019Company / Capital reserve | 2019Company / Accumulated losses | 2019Company / Total equity | Source |
|---|---|---|---|---|---|---|---|
| Company changes in equity | |||||||
| Balance at 1 July 2018US dollars | 78,076,108 | (862,540) | 665,481 | 44,857 | (37,328,684) | 40,595,222 | PDF p. 56 |
| equity | |||||||
| Issue of shares (Note 23)US dollars | 9,312,464 | - | - | - | - | 9,312,464 | PDF p. 56 |
| Exercise of warrantsUS dollars | 153,835 | - | (25,158) | - | - | 128,677 | PDF p. 56 |
| Expiry of warrantsUS dollars | 640,323 | - | (640,323) | - | - | - | PDF p. 56 |
| Loss for the year, representing total comprehensive loss for the yearUS dollars | - | - | - | - | (1,981,142) | (1,981,142) | PDF p. 56 |
| Balance at 30 June 2019US dollars | 88,182,730 | (862,540) | - | 44,857 | (39,309,826) | 48,055,221 | PDF p. 56 |
Original report: PDF p. 56 ↗
FY2023 annual report and FY2022 restated comparisons use Singapore dollars thousands; FY2021/FY2020 comparative primary statements use US dollars thousands; FY2019 comparisons from FY2020 original use full US dollars. No currency conversion or rescaling is performed. Do not compare different currencies/units as a single consistent series.
FY2023 balance-sheet columns explicitly include 1 July2021 restated opening positions, distinct from FY2021 year-end financial positions in the older USD original. FY2020 income is the FY2021 source restated continuing/discontinued presentation. Original historical Group/Company primary scopes are retained.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2019Group | Source |
|---|---|---|
| Cash Flows from Operating Activities | ||
| (Loss)/Profit before taxationUS dollars | 356,885 | PDF p. 57 |
| Adjustments for: | ||
| Amortisation of intangible assetsUS dollars | 228,450 | PDF p. 57 |
| Depreciation of property, plant and equipmentUS dollars | 817,625 | PDF p. 57 |
| Depreciation of right-of-use assetsUS dollars | - | PDF p. 57 |
| Impairment loss on intangible assetsUS dollars | - | PDF p. 57 |
| Interest expenseUS dollars | 2,815,875 | PDF p. 57 |
| Interest incomeUS dollars | (240,142) | PDF p. 57 |
| Loss on disposal of subsidiariesUS dollars | 293,877 | PDF p. 57 |
| Net fair value (gain)/loss on derivative financial instrumentsUS dollars | (1,286,002) | PDF p. 57 |
| Reversal of allowance for inventories obsolesenceUS dollars | - | PDF p. 57 |
| Impairment losses recognised/(reversed) on trade and other receivablesUS dollars | (25,303) | PDF p. 57 |
| Trade and other receivables written offUS dollars | 333 | PDF p. 57 |
| Plant and equipment written offUS dollars | 23,060 | PDF p. 57 |
| Net present value change of the call and put option liabilityUS dollars | - | PDF p. 57 |
| Share of results of associatesUS dollars | - | PDF p. 57 |
| Unrealised foreign exchange differencesUS dollars | (176,304) | PDF p. 57 |
| Operating profit before working capital changesUS dollars | 2,808,354 | PDF p. 57 |
| Changes in inventoriesUS dollars | 13,894,449 | PDF p. 57 |
| Changes in trade and other receivablesUS dollars | (6,181,621) | PDF p. 57 |
| Changes in contract assetsUS dollars | (18,153,091) | PDF p. 57 |
| Changes in prepaymentsUS dollars | 2,015,696 | PDF p. 57 |
| Changes in trade and other payablesUS dollars | 7,907,018 | PDF p. 57 |
| Changes in contract liabilitiesUS dollars | (7,595,790) | PDF p. 57 |
| Cash from/(used in) operating activitiesUS dollars | (5,304,985) | PDF p. 57 |
| Income taxes paidUS dollars | (209,528) | PDF p. 57 |
| Net cash from/(used in) operating activitiesUS dollars | (5,514,513) | PDF p. 57 |
| Cash Flows from Investing Activities | ||
| Acquisition of subsidiaries, net of cash acquiredUS dollars | (14,826,179) | PDF p. 57 |
| Disposal of subsidiaries, net of cash disposed of (Note A)US dollars | (145,197) | PDF p. 57 |
| Interest receivedUS dollars | 14,380 | PDF p. 57 |
| Proceeds from disposal of an associateUS dollars | - | PDF p. 57 |
| Purchase of property, plant and equipmentUS dollars | (223,726) | PDF p. 57 |
| Net cash used in investing activitiesUS dollars | (15,180,722) | PDF p. 57 |
| Cash Flows from Financing Activities | ||
| Cash restricted in useUS dollars | 9,425,225 | PDF p. 57 |
| Acquisition of non-controlling interests in a subsidiaryUS dollars | - | PDF p. 57 |
| Dividends paid to the non-controlling interests of the subsidiariesUS dollars | (510,469) | PDF p. 57 |
| Fixed deposits pledgedUS dollars | (337,778) | PDF p. 57 |
| Interest paidUS dollars | (2,870,497) | PDF p. 57 |
| Proceeds from issue of shares pursuant to exercise of warrantsUS dollars | 128,677 | PDF p. 57 |
| Proceeds from loansUS dollars | 32,173,607 | PDF p. 57 |
| Proceeds from placement of sharesUS dollars | 9,312,464 | PDF p. 57 |
| Proceeds from financing of vessel, net of transaction costsUS dollars | - | PDF p. 57 |
| Repayment of lease liabilitiesUS dollars | (9,795) | PDF p. 57 |
| Repayment of loansUS dollars | (31,737,928) | PDF p. 57 |
| Net cash from financing activitiesUS dollars | 15,573,506 | PDF p. 57 |
| Net increase/(decrease) in cash and cash equivalentsUS dollars | (5,121,729) | PDF p. 57 |
| Cash and cash equivalents at beginning of yearUS dollars | 11,973,094 | PDF p. 57 |
| Exchange differences on translation of cash and cash equivalentsUS dollars | (30,401) | PDF p. 57 |
| Cash and cash equivalents at end of yearUS dollars | 6,820,964 | PDF p. 57 |
Original report: PDF p. 57 ↗
FY2023 annual report and FY2022 restated comparisons use Singapore dollars thousands; FY2021/FY2020 comparative primary statements use US dollars thousands; FY2019 comparisons from FY2020 original use full US dollars. No currency conversion or rescaling is performed. Do not compare different currencies/units as a single consistent series.
FY2023 balance-sheet columns explicitly include 1 July2021 restated opening positions, distinct from FY2021 year-end financial positions in the older USD original. FY2020 income is the FY2021 source restated continuing/discontinued presentation. Original historical Group/Company primary scopes are retained.
Where the money comes from
| Item / unit | 2023Healthcare | 2023Others | 2023Per consolidated financial statements | 2022Healthcare | 2022Others | 2022Per consolidated financial statements | Source |
|---|---|---|---|---|---|---|---|
| Segment revenue | |||||||
| - Sales to external customersS$'000 | 28,241 | 4 | 28,245 | 39,931 | – | 39,931 | PDF p. 120PDF p. 121 |
| Segment results | |||||||
| - Other incomeS$'000 | 1,194 | 1,180 | 2,374 | 1,272 | 120 | 1,392 | PDF p. 120PDF p. 121 |
| - Amortisation of intangible assetsS$'000 | (126) | – | (126) | (125) | – | (125) | PDF p. 120PDF p. 121 |
| - Depreciation of rights-of-use assetsS$'000 | (1,550) | (106) | (1,656) | (1,912) | (175) | (2,087) | PDF p. 120PDF p. 121 |
| - Other non-cash itemsS$'000 | (6,750) | – | (6,750) | (6,722) | (38,779) | (45,501) | PDF p. 120PDF p. 121 |
| - Finance costsS$'000 | (635) | (264) | (899) | (957) | (41) | (998) | PDF p. 120PDF p. 121 |
| - Impairment loss on intangible assetsS$'000 | (2,431) | – | (2,431) | (5,998) | – | (5,998) | PDF p. 120PDF p. 121 |
| Segment lossS$'000 | (6,748) | (1,249) | (7,997) | (2,867) | (44,550) | (47,417) | PDF p. 120PDF p. 121 |
| Segment assets and liabilities | |||||||
| - Segment assetsS$'000 | 24,312 | 3,945 | 28,257 | 41,283 | 1,415 | 42,698 | PDF p. 120PDF p. 121 |
| - Segment liabilitiesS$'000 | 9,180 | 52,557 | 61,737 | (31,943) | (39,700) | (71,643) | PDF p. 120PDF p. 121 |
| - Capital expenditureS$'000 | 621 | – | 621 | (2,044) | – | (2,044) | PDF p. 120PDF p. 121 |
Depreciation of property, plant and equipment row wraps over two lines: Healthcare (1,179), Others (9), Total (1,188); omitted as a row because the label wraps.
Performance is measured based on segment profit/(loss) before taxation.
* Comprises depreciation of property, plant and equipment included in changes in inventories of finished goods (applies to the wrapped depreciation of PPE row: Healthcare (1,872), Others (6), Total (1,878)); that row omitted because label wraps.
Segment liabilities and capital expenditure are printed in parentheses for 2022 as shown.
| Item / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Revenue | |||
| AustraliaS$'000 | – | 104 | PDF p. 122 |
| ChinaS$'000 | 15,189 | 22,266 | PDF p. 122 |
| SingaporeS$'000 | 13,056 | 17,561 | PDF p. 122 |
| Total revenueS$'000 | 28,245 | 39,931 | PDF p. 122 |
| Non-current assets | |||
| ChinaS$'000 | – | 4,028 | PDF p. 122 |
| SingaporeS$'000 | 485 | 9,293 | PDF p. 122 |
Non-current assets relate to plant and equipment, intangible assets, and exclude prepayments, deferred tax assets and long-term receivables.
Unlabelled total of non-current assets printed as 485 (2023) and 13,321 (2022).
No major customers for the financial years ended 30 June 2023 and 30 June 2022.
Debt
| Item / unit | 2023S$'000 | 2022S$'000 | Source |
|---|---|---|---|
| Loans from financial institutions | |||
| Non-currentS$'000 | – | 511 | PDF p. 106 |
| CurrentS$'000 | 2,058 | 9,525 | PDF p. 106 |
| Total loans from financial institutionsS$'000 | 2,058 | 10,036 | PDF p. 106 |
Total row has no printed label. Loans are secured (see terms table); defaulted loans with UOB (carrying S$635,000; 2022: S$758,000) and CIMB (S$499,000; 2022: S$1,366,000); HSI and HSID placed into creditors' voluntary liquidation.
| Item / unit | 2023Group, S$'000 | 2022Group, S$'000 | 2023Group and Company, S$'000 | 2022Group and Company, S$'000 | Source |
|---|---|---|---|---|---|
| Lease liabilities | |||||
| CurrentS$'000 | 134 | – | 134 | – | PDF p. 107 |
| Non-currentS$'000 | 194 | – | 194 | – | PDF p. 107 |
Total 328 in 2023 for both Group and Company; leases of office premises.
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend policy | The Group does not have a formal dividend policy. The form, frequency and amount of any proposed dividend will take into consideration the Group’s operating results, financial position, working capital requirements and any other relevant considerations the Board deem appropriate. Notwithstanding the foregoing, any pay-out of dividends would be clearly communicated to shareholders via announcements released on SGXNET. | Group | PDF p. 28 |
Extracted from ANNUAL REPORT and checked against the cited pages; see the original report for full context.
Auditor’s report
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | Baker Tilly TFW LLP | Group and Company, FY ended 30 June 2023 | PDF p. 49 |
| Engagement partner | Khor Boon Hong | Group and Company | PDF p. 49 |
| Disclaimer of Opinion | We do not express an opinion on the accompanying financial statements. | Group and Company, FY ended 30 June 2023 | PDF p. 44 |
| Going concern assumptions | We were unable to obtain sufficient appropriate audit evidence to conclude on the appropriateness of the use of the going concern assumption in the preparation of the accompanying financial statements | Group and Company | PDF p. 44 |
| Opening balances and comparative information | we were unable to determine whether the opening balances as at 1 July 2021, the corresponding figures and its related disclosures for the financial year ended 30 June 2022 were fairly stated and appropriately disclosed. | Group and Company | PDF p. 45 |
| Independent review report and Notice of Compliance issued by Singapore Exchange Regulation (“SGX RegCo”) | we were unable to determine the potential financial impact, if any, arising from the findings of the KPMG. | Group | PDF p. 45 |
| Disposal group classified as held for sale and discontinued operation | We were unable to get access to the books and records of Shanghai Fengwei | Group | PDF p. 46 |
| Disposals of subsidiaries | We were unable to obtain the underlying accounting records and supporting documents of the significant components | Group | PDF p. 47 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Going concern assumptions | These factors indicate the existence of material uncertainties which may cast significant doubt about the ability of the Group and the Company to continue as going concerns. | Group and Company, as at 30 June 2023 | PDF p. 44 |
| Going concern assumptions | the Group’s and the Company’s current liabilities exceeded their current assets by S$33,771,000 and S$48,377,000 respectively | Group and Company, as at 30 June 2023 | PDF p. 44 |
Extracted from ANNUAL REPORT and checked against the cited pages; see the original report for full context.
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.
FY2023 annual report and FY2022 restated comparisons use Singapore dollars thousands; FY2021/FY2020 comparative primary statements use US dollars thousands; FY2019 comparisons from FY2020 original use full US dollars. No currency conversion or rescaling is performed. Do not compare different currencies/units as a single consistent series.
FY2023 balance-sheet columns explicitly include 1 July2021 restated opening positions, distinct from FY2021 year-end financial positions in the older USD original. FY2020 income is the FY2021 source restated continuing/discontinued presentation. Original historical Group/Company primary scopes are retained.
FY2023 and FY2022 auditor disclaimers of opinion and their full bases must accompany publication. These reconstructed original figures are not a new audit opinion. Native source, column, arithmetic and visible-original checks passed; the original audit opinion and source qualifications remain as printed.
Four original three-year financial-highlight charts retained in correct own-chart year order; generic PDF reading order is not chart year order. No formal dividend policy is stated onphysical28; no undisclosed DPS is inserted as zero. Financing liabilities, cash and EPS source notes are supplied. FY2021chartNAV9.53does not independently reconcile to printed owners equity/voting share count9.00; retain and qualify the source difference.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.