Financial Performance - The Group's revenue for the Relevant Period was $8.7 million, representing an increase of $1.1 million or 14.5% compared to $7.6 million in the Previous Period[9]. - The Group's profit for the Relevant Period was $363,000, compared to a profit of $81,000 in the Previous Period[9]. - Gross profit for the Group was $1.99 million for the Relevant Period[15]. - The Group's profit from operations was $460,000 for the Relevant Period[15]. - Basic and diluted earnings per share were 0.05 cents for the Relevant Period[15]. - The Group's total comprehensive income for the period was $363,000[15]. - Total revenue for Q2 2020 was $8,650,000, an increase of 14.5% from $7,557,000 in Q2 2019[69][87]. - The group reported a consolidated profit before taxation of $453,000, compared to $177,000 in Q2 2019, marking a significant increase of 155.4%[94][100]. - The Group's basic earnings per share for Q2 2020 was 0.05 cents, compared to 0.01 cents in Q2 2019, reflecting a significant increase[126]. Expenses and Costs - Selling and distribution expenses were $863,000 for the Relevant Period[15]. - Administrative expenses amounted to $843,000 for the Relevant Period[15]. - Cost of inventories increased to $6,274,000 in Q2 2020 from $5,537,000 in Q2 2019, reflecting a rise of 13.3%[101]. - Staff costs rose to $1,117,000 in Q2 2020, compared to $919,000 in Q2 2019, indicating an increase of 21.5%[101]. - The Group incurred progressive costs of $1.6 million for the extension of the existing factory building in Q2 2020, up from $0.6 million in Q2 2019[130]. Assets and Liabilities - As of March 31, 2020, total assets increased to $19,326,000 from $19,256,000 as of September 30, 2019, reflecting a growth of approximately 0.36%[17]. - Current assets decreased to $8,657,000 from $10,699,000, a decline of about 19.1%, primarily due to a reduction in cash and cash equivalents[17]. - Total equity attributable to owners of the Company rose to $15,513,000, up from $15,150,000, indicating an increase of approximately 2.4%[17]. - Total liabilities decreased to $3,813,000 from $4,106,000, a reduction of about 7.1%[17]. - Borrowings increased from $217,000 to $456,000 in non-current liabilities, reflecting a rise of approximately 109%[17]. - Trade and other receivables increased to $3,452,000 from $3,012,000, representing a growth of about 14.6%[17]. - The Company’s cash and cash equivalents at the end of the period were $4,224,000, down from $7,028,000, a decrease of approximately 40%[28]. - Trade receivables as of March 31, 2020, amounted to $3.051 million, an increase from $2.571 million as of September 30, 2019[139]. - Trade payables as of March 31, 2020, were $1.647 million, compared to $1.536 million as of September 30, 2019[189]. - Total receivables as of March 31, 2020, reached $1,647,000, representing a 7% increase from $1,536,000 as of September 30, 2019[191]. Cash Flow - The Company reported a net cash decrease of $2,804,000 in cash and cash equivalents for the second quarter of 2020, compared to a decrease of $813,000 in the same period of 2019[28]. - Net cash used in operating activities was $(771,000) for the second quarter of 2020, compared to $(12,000) in the same quarter of 2019[28]. - As of March 31, 2020, total receivables within 30 days amounted to $932,000, a decrease of 28% from $1,294,000 as of September 30, 2019[191]. - Receivables between 31 and 60 days increased to $479,000, up 98% from $242,000 in the previous period[191]. - Receivables between 61 and 90 days were recorded at $236,000, with no prior amount reported[191]. Dividends and Reserves - The Board has resolved not to declare the payment of dividend for the Relevant Period[9]. - The Group did not declare any dividends for Q2 2020, consistent with Q2 2019[129]. - The Company’s reserves increased to $14,175,000 from $13,812,000, marking an increase of approximately 2.6%[17]. - Retained earnings increased to $2.220 million as of March 31, 2020, from $1.857 million as of September 30, 2019[176]. Other Information - Other income for the Group was $242,000 for the Relevant Period[15]. - Other income for Q2 2020 was $174,000, up from $80,000 in Q2 2019, showing a growth of 117.5%[94]. - The group operates solely in Singapore, with all non-current assets located in the same region[95]. - The company did not disclose segment assets and liabilities, as it was deemed impractical and not meaningful[43]. - The group expects the application of new accounting standards will not have a significant impact on the financial statements[35]. - The corporate income tax for the Singapore subsidiary was provided at a statutory rate of 17% on estimated chargeable income[96]. - The carrying amount of leasehold buildings was $6.7 million as of March 31, 2020, down from $7.1 million as of September 30, 2019[130]. - The Group's issued and fully paid shares remained at 800 million as of March 31, 2020, with a share capital of $1.338 million[155]. - The merger reserve stood at $580,000 as of March 31, 2020, unchanged from the previous period[171]. - Capital commitments for property, plant, and equipment stood at $3,066,000, an increase from $2,564,000[197]. - The Group has non-cancellable operating lease commitments, indicating ongoing financial obligations[199].
日光控股(08451) - 2020 - 中期财报