The Place Hldg E27
Financials
Annual Report 2024
Explore the statements
4 tables5 Years Financial Highlights — Consolidated Profit & Loss
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Consolidated, year ended 31 December | 2023Consolidated, year ended 31 December | 2022Consolidated, year ended 31 December | 2021Consolidated, year ended 31 December | 2020Consolidated, year ended 31 December | Source |
|---|---|---|---|---|---|---|
| Consolidated Profit & Loss | ||||||
| RevenueS$’M | – | 2.2 | 0.8 | 1.1 | 1.1 | PDF p. 14 |
| Gross ProfitS$’M | – | 2.1 | 0.7 | 1.1 | 1.1 | PDF p. 14 |
| (Loss)/Profit before taxS$’M | (2.3) | (0.7) | (14.0) | (2.5) | 0.7 | PDF p. 14 |
| (Loss)/Profit attributable to shareholdersS$’M | (2.4) | 3.0 | (12.5) | (2.9) | 0.7 | PDF p. 14 |
Definitions & sources
Original report: PDF p. 14 ↗
Printed section definition: “(for the year ended 31 December)”.
A dash is retained as printed.
5 Years Financial Highlights — Consolidated Financial Position
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Consolidated, as at 31 December | 2023Consolidated, as at 31 December | 2022Consolidated, as at 31 December | 2021Consolidated, as at 31 December | 2020Consolidated, as at 31 December | Source |
|---|---|---|---|---|---|---|
| Consolidated Financial Position | ||||||
| Plant and equipmentS$’M | 0.4 | 0.7 | 0.3 | 0.4 | 0.4 | PDF p. 14 |
| Right-of-use assetsS$’M | 1.1 | 1.8 | 0.4 | 0.5 | 1.0 | PDF p. 14 |
| Cash and cash equivalentsS$’M | 13.0 | 16.9 | 6.4 | 22.2 | 73.0 | PDF p. 14 |
| Other assets*S$’M | 81.3 | 79.6 | 240.2 | 236.7 | 52.9 | PDF p. 14 |
| TOTAL ASSETSS$’M | 95.8 | 99.0 | 247.3 | 259.8 | 127.3 | PDF p. 14 |
Definitions & sources
Original report: PDF p. 14 ↗
Printed section definition: “(As at 31 December)”.
* Includes assets of Disposal Group classified as held-for-sale.
5 Years Financial Highlights — Financial Ratios
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group | 2023Group | 2022Group | 2021Group | 2020Group | Source |
|---|---|---|---|---|---|---|
| Financial Ratios | ||||||
| Return on shareholders’ equity (%)% | (3.1) | 3.8 | (16.0) | (3.1) | 0.7 | PDF p. 14 |
| Return on assets (%)% | (2.5) | 3.0 | (5.1) | (1.1) | 0.5 | PDF p. 14 |
| Gearing ratio (%)% | 8.8 | 9.8 | 195.3 | 158.7 | 26.3 | PDF p. 14 |
| Working capital ratio | 10.7 | 10.8 | 1.5 | 26.0 | 5.1 | PDF p. 14 |
Definitions & sources
Original report: PDF p. 14 ↗
5 Years Financial Highlights — Per Share Data
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group | 2023Group | 2022Group | 2021Group | 2020Group | Source |
|---|---|---|---|---|---|---|
| Per Share Data | ||||||
| (Loss)/Earnings after taxcents | 0.04 | 0.05 | (0.21) | (0.05) | 0.01 | PDF p. 14 |
| Net assetscents | 1.5 | 1.6 | 1.6 | 1.9 | 1.5 | PDF p. 14 |
Definitions & sources
Original report: PDF p. 14 ↗
Where the money comes from
Segment information
By business
Business segments 2024 - revenue, results, assets, liabilities and other items 16 lines
| Item / unit | 2024Media and event management, $'000 | 2024Property development, $'000 | 2024Unallocated, $'000 | 2024Total, $'000 | Source |
|---|---|---|---|---|---|
| Revenue and results | |||||
| Segment revenue$'000 | - | - | - | - | PDF p. 81 |
| Segment profit / (loss), representing profit / (loss) from operation$'000 | - | - | (2) | (2) | PDF p. 81 |
| Other income$'000 | - | 1,164 | 400 | 1,564 | PDF p. 81 |
| Finance cost (1)$'000 | - | - | (74) | (75) | PDF p. 81 |
| Unallocated corporate expenses and losses$'000 | - | - | (3,772) | (3,772) | PDF p. 81 |
| Assets and liabilities | |||||
| Segment assets$'000 | 9,015 | 71,718 | 1,929 | 82,662 | PDF p. 81 |
| Cash and cash equivalents$'000 | 3,805 | 4 | 9,217 | 13,026 | PDF p. 81 |
| Unallocated corporate assets$'000 | - | - | 66 | 66 | PDF p. 81 |
| Segment liabilities$'000 | 571 | 3,520 | - | 4,091 | PDF p. 81 |
| Unallocated corporate liabilities$'000 | - | - | 2,921 | 2,921 | PDF p. 81 |
| Other segment items | |||||
| Equity-accounted investment$'000 | - | 1,766 | - | 1,766 | PDF p. 81 |
| Additions to plant and equipment$'000 | - | - | 23 | 23 | PDF p. 81 |
| Additions to right-of-use assets$'000 | - | - | 302 | 302 | PDF p. 81 |
| Depreciation of plant and equipment$'000 | - | - | 255 | 255 | PDF p. 81 |
| Depreciation of right-of-use assets$'000 | 35 | - | 959 | 994 | PDF p. 81 |
| Interest expense$'000 | 1 | - | 74 | 75 | PDF p. 81 |
Notes
Revenue was generated solely from media and event management services; no revenue in 2024. Finance cost row total printed as (75) while unallocated column is (74).
Business segments 2023 - revenue, results, assets, liabilities and other items 24 lines
| Item / unit | 2023Media and event management, $'000 | 2023Property development, $'000 | 2023Unallocated, $'000 | 2023Total, $'000 | Source |
|---|---|---|---|---|---|
| Revenue and results | |||||
| Segment revenue$'000 | 2,211 | - | - | 2,211 | PDF p. 82 |
| Segment profit / (loss), representing profit / (loss) from operation$'000 | 2,103 | (577) | - | 1,526 | PDF p. 82 |
| Other income$'000 | 34 | 6,827 | 335 | 7,196 | PDF p. 82 |
| Reversal of impairment on financial asset (Net)$'000 | - | - | 1,888 | 1,888 | PDF p. 82 |
| Finance cost (1)$'000 | (1) | (7,267) | (290) | (7,558) | PDF p. 82 |
| Unallocated corporate expenses and losses$'000 | - | - | (3,776) | (3,776) | PDF p. 82 |
| Share of results of associates$'000 | - | (19) | - | (19) | PDF p. 82 |
| Loss for the year$'000 | - | - | - | (1,455) | PDF p. 82 |
| Assets and liabilities | |||||
| Segment assets$'000 | 3,000 | 71,933 | 1,929 | 76,862 | PDF p. 82 |
| Cash and cash equivalents$'000 | 402 | 4 | 16,525 | 16,931 | PDF p. 82 |
| Unallocated corporate assets$'000 | - | - | 5,191 | 5,191 | PDF p. 82 |
| Consolidated total assets$'000 | - | - | - | 98,984 | PDF p. 82 |
| Segment liabilities$'000 | 756 | 3,500 | - | 4,256 | PDF p. 82 |
| Unallocated corporate liabilities$'000 | - | - | 3,577 | 3,577 | PDF p. 82 |
| Consolidated total liabilities$'000 | - | - | - | 7,833 | PDF p. 82 |
| Other segment items | |||||
| Equity-accounted investment$'000 | - | 1,766 | - | 1,766 | PDF p. 82 |
| Additions to plant and equipment$'000 | - | - | 602 | 602 | PDF p. 82 |
| Additions to right-of-use assets$'000 | 57 | - | 2,345 | 2,402 | PDF p. 82 |
| Depreciation of plant and equipment$'000 | - | - | 219 | 219 | PDF p. 82 |
| Depreciation of right-of-use assets$'000 | 53 | - | 1,003 | 1,056 | PDF p. 82 |
| Gain on deconsolidation$'000 | - | (5,892) | - | (5,892) | PDF p. 82 |
| Reversal of impairment on financial asset (Net)$'000 | - | - | (1,888) | (1,888) | PDF p. 82 |
| Interest income$'000 | (34) | (935) | (146) | (1,115) | PDF p. 82 |
| Interest expense$'000 | 1 | 7,267 | 290 | 7,558 | PDF p. 82 |
Notes
OCR text lost column delimiters; rows with fewer than four values (loss before tax etc.) show only the total as printed. Finance cost row printed as three values: (1), (7,267), (290), (7,558) with the (1) likely a footnote marker reading; values listed as printed after the label.
Debt
Borrowings
Liquidity risk: contractual maturity of lease liabilities - Group
| Item / unit | 2024Group: On demand or not later than 1 year, $'000 | 2024Group: Later than 1 year and not later than 5 years, $'000 | 2024Group: Total (undiscounted), $'000 | 2024Group: Carrying amount, $'000 | Source |
|---|---|---|---|---|---|
| Non-derivative instruments, Group 2024 | |||||
| Lease liabilities$'000 | 934 | 275 | 1,209 | 1,134 | PDF p. 86 |
Notes
Undiscounted contractual cash flows including interest and principal. No maturity bucket after 5 years is presented. Group 2023 row (page 87): Lease liabilities 1,044 | 882 | 1,926 | 1,831.
Liquidity risk: contractual maturity of lease liabilities - Group 2023 and Company 2024/2023
| Item / unit | 2023Group or Company as labelled: On demand or not later than 1 year, $'000 | 2023Later than 1 year and not later than 5 years, $'000 | 2023Total, $'000 | 2023Carrying amount, $'000 | Source |
|---|---|---|---|---|---|
| Group 2023 | |||||
| Lease liabilities (Group 2023)$'000 | 1,044 | 882 | 1,926 | 1,831 | PDF p. 87 |
| Company 2024 | |||||
| Lease liabilities (Company 2024)$'000 | 934 | 275 | 1,209 | 1,134 | PDF p. 87 |
| Company 2023 | |||||
| Lease liabilities (Company 2023)$'000 | 980 | 819 | 1,799 | 1,795 | PDF p. 87 |
Notes
Row 1 is Group 2023; rows 2 and 3 are Company 2024 and Company 2023 respectively, so the column year applies only to row 1 (rows 2-3 carry their year in section). Undiscounted cash flows including interest and principal.
Borrowing notes 1 tables
Lease liabilities (current / non-current)
| Item / unit | 2024Group, $'000 | 2023Group, $'000 | 2024Company, $'000 | 2023Company, $'000 | Source |
|---|---|---|---|---|---|
| Lease liabilities | |||||
| Current$'000 | 864 | 1,016 | 864 | 980 | PDF p. 69 |
| Non-current$'000 | 270 | 815 | 270 | 815 | PDF p. 69 |
| Total lease liabilities (unlabelled total row)$'000 | 1,134 | 1,831 | 1,134 | 1,795 | PDF p. 69 |
Notes
Total row has no printed label. No bank borrowings are reported at 31 Dec 2024 or 2023; borrowings (NVH) were de-consolidated on 29 September 2023 (Note 5(b)).
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend Policy | The Group has no specific dividend policy at present. The form, frequency and amount of dividends declared each year will take into consideration the Group’s profit, cash position, positive cash flow generated from operations, projected capital requirements for business growth and other factors as the Board may deem appropriate. | Group | PDF p. 32 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend Policy | The Company is not declaring any dividend for FY2024 as the Group will be retaining its cash for expansion purpose. | FY2024 | PDF p. 32 |
Extracted from Annual Report 2024 and checked against the cited pages; see the original report for full context.
Auditor’s report
Audit & risk signals
Audit opinion
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | Acclime First Trust LLP | Group and Company, FY2024 | PDF p. 46 |
| Engagement partner | Lee Yan Huei | Group and Company, FY2024 | PDF p. 46 |
| Disclaimer of Opinion | We do not express an opinion on the accompanying financial statements of the Group and of the Company | Group and Company, FY2024 | PDF p. 39 |
| Brought forward and unresolved matters | All matters underpinning that disclaimer remain unresolved as at 31 December 2024. | Group and Company, FY2024 | PDF p. 39 |
| 1. Transactions with related parties | No prior approval from the Board of Directors and shareholders of the Company was obtained for such significant related party transactions | Group, FY2023 advances unresolved at FY2024 | PDF p. 39 |
Going concern
| Item | Value | Period / scope | Source |
|---|---|---|---|
| 3. Going concern basis | we were unable to satisfy ourselves as to the appropriateness of the going concern basis of accounting used in the preparation of these financial statements. | Group and Company, FY2024 | PDF p. 42 |
| 3. Going concern basis | there were operational and financial indicators as well as significant events and conditions indicating the existence of material uncertainties that may cast significant doubt on the Group’s and the Company’s ability to continue as going concerns. | Group and Company, FY2024 | PDF p. 41 |
| Management’s assertions | continuing financial support from the Chairman of the Company | Group | PDF p. 42 |
Extracted from Annual Report 2024 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 2024, 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.