Revenue Performance - The company's unaudited revenue decreased by approximately 54.6%, from SGD 4.1 million in the previous period to SGD 1.9 million in the current period[11] - Revenue for the six months ended June 30, 2021, was SGD 1,855,000, down 54.6% from SGD 4,090,000 in the same period of 2020[18] - Total revenue for the six months ended June 30, 2021, was SGD 1,855,000, a decrease of 54.5% compared to SGD 4,090,000 for the same period in 2020[76] - Revenue from external customers in Singapore was SGD 1,688,000, a significant decrease from SGD 3,668,000 in the prior year, indicating a decline of approximately 54.0%[69] - The property management and leasing management segment generated revenue of SGD 19,000, while the financial advisory segment reported a loss of SGD 597,000[58] - The company’s investment management segment reported revenue of SGD 765,000, while the fund management segment generated SGD 543,000[58] Loss and Financial Performance - The net loss for the current period was approximately SGD 1.2 million, an improvement of about SGD 6.7 million or 85.4% compared to a net loss of SGD 7.9 million in the previous period[11] - Basic and diluted loss per share for the current period was approximately 0.06 Singapore cents, compared to a loss of 0.40 Singapore cents in the previous period[11] - The company reported a loss attributable to owners of SGD 1,162,000 for the six months ended June 30, 2021, compared to a loss of SGD 7,939,000 in the same period of 2020, representing a significant improvement[17] - The pre-tax loss for the period was SGD 1,162,000, a decrease of 85.3% from SGD 7,932,000 in the prior year[18] - Total comprehensive loss attributable to owners was SGD 1,609,000, down from SGD 8,520,000, indicating an 81.1% improvement[21] - The group reported a pre-tax loss of SGD 1,162,000 for the six months ended June 30, 2021, compared to a loss of SGD 7,939,000 in the same period of 2020[84] Employee Costs - Total employee costs reduced from approximately SGD 3.8 million in the previous period to about SGD 2.3 million, a decrease of approximately SGD 1.5 million or 40.6%[11] - The company incurred employee costs of SGD 2,286,000, a reduction of 40.5% compared to SGD 3,847,000 in the previous year[18] - The company experienced a reduction in employee costs by approximately SGD 1.5 million during the review period[196] Assets and Liabilities - Non-current assets totaled SGD 3,241,000 as of June 30, 2021, compared to SGD 2,103,000 at the end of 2020, reflecting a growth of 54.1%[24] - Current assets decreased to SGD 16,424,000 from SGD 19,497,000, a decline of 15.9%[24] - The company's total equity as of June 30, 2021, was SGD 14,982,000, down from SGD 16,591,000 at the end of 2020, representing a decrease of 9.7%[27] - The company reported a significant reduction in total liabilities, with non-current liabilities decreasing to SGD 2,468,000 from SGD 2,854,000, a decline of 13.5%[27] - Total assets as of June 30, 2021, amounted to SGD 19,665,000, with total liabilities of SGD 4,683,000[58] Cash Flow and Investments - Operating cash flow before changes in working capital was negative SGD 879,000, an improvement from negative SGD 1,518,000 in the previous year[35] - The net cash used in investing activities was SGD 6,474,000, slightly higher than SGD 6,252,000 in the prior period, reflecting ongoing investment commitments[38] - The company experienced a net decrease in cash and cash equivalents of SGD 7,679,000, compared to a decrease of SGD 5,211,000 in the same period last year[38] - The total cash and cash equivalents at the end of the period stood at SGD 4,980,000, down from SGD 13,093,000 at the end of June 2020[38] Financial Guarantees and Loans - The company provided a financial guarantee amounting to SGD 28,985,400 to support the Mandai Development project, representing 60.0% of the total liabilities under the financing agreement[145] - A financial guarantee of SGD 150,744,796 was established for the Landmark Development project, accounting for 39.2% of the total liabilities under the financing agreement[146] - The company issued a guarantee of SGD 38,015,040 for the BBW6 Development project, which corresponds to 12.0% of the total liabilities under the financing agreement[148] - A refinancing loan of SGD 125,000,000 was granted for the BBW6 Development project, with SGD 55,000,000 allocated to refinance existing loans and SGD 70,000,000 for shareholder loans[149] Investment Management and Services - The company operates through several business units, including investment management and fund management, focusing on real estate projects[46] - The company provides investment management services through special purpose entities, allowing investors to participate in real estate development projects[47] - The company is responsible for creating investment funds and managing fund portfolios, actively seeking real estate transactions to maximize internal rates of return[49] - The total investment management income for the six months ended June 30, 2021, was SGD 548,000, compared to SGD 410,000 for the same period in 2020, reflecting a year-on-year increase[135] Trade Receivables and Impairments - As of June 30, 2021, trade receivables amounted to SGD 8.827 million, with a provision for impairment of SGD 3.969 million[94] - The aging analysis of trade receivables shows SGD 3.167 million overdue for more than three months as of June 30, 2021[99] - The provision for impairment increased from SGD 3.867 million as of December 31, 2020, to SGD 3.969 million as of June 30, 2021[94] - The company confirmed a provision for impairment losses of approximately SGD 134,000 related to receivables from financial advisory fees during the review period[196] Dividends - The company did not recommend any dividend payment for the current period, consistent with the previous period[11] - No dividends were declared or recommended for the six months ended June 30, 2021, consistent with the previous year[85]
杰地集团(08313) - 2021 - 中期财报