Revenue and Income - The group's revenue increased by approximately 7.2%, from SGD 1.9 million in the previous period to SGD 2.0 million in the current period[10] - Other income and gains rose from SGD 399,000 to SGD 596,000, an increase of approximately 49.4%[10] - Revenue for the six months ended June 30, 2022, was SGD 1,988 million, an increase from SGD 1,855 million in the same period of 2021, representing a growth of approximately 7.2%[4] - Total revenue for the six months ended June 30, 2022, was SGD 1,988,000, representing an increase from SGD 1,855,000 in the same period of 2021[86] - Investment management fees contributed SGD 1,247 million, while property management and leasing fees accounted for SGD 19 million, indicating a strong performance in investment management[86] - Other income and gains totaled SGD 596 million, up from SGD 399 million year-over-year, reflecting a growth of approximately 49.5%[86] Financial Performance - The group recorded a net loss of approximately SGD 533,000, an improvement of approximately 54.1% compared to a net loss of SGD 1.2 million in the previous period[10] - Basic and diluted loss per share was approximately SGD 0.03, compared to SGD 0.06 in the previous period[10] - The company reported a loss of SGD 533 million for the period, an improvement compared to a loss of SGD 1,162 million in the prior year, indicating a reduction in losses by about 54.1%[4] - Total comprehensive loss attributable to owners for the period was SGD 542 million, down from SGD 1,609 million in the previous year, reflecting a decrease of approximately 66.3%[4] - The group reported a pre-tax loss of SGD 533 million for the six months ended June 30, 2022, compared to a loss of SGD 1,162 million in the same period of 2021, showing an improvement in financial performance[93] Assets and Liabilities - Trade receivables increased significantly to SGD 4,249 million from SGD 3,246 million, marking a rise of about 30.9%[4] - Cash and cash equivalents stood at SGD 11,269 million, up from SGD 7,647 million, indicating a substantial increase of approximately 47.5%[4] - Non-current assets decreased slightly to SGD 2,481 million from SGD 2,501 million, a decline of about 0.8%[4] - The company's equity totalled SGD 23,188 million, down from SGD 23,730 million, representing a decrease of approximately 2.3%[4] - Total assets as of June 30, 2022, amounted to SGD 19,665,000, with total liabilities of SGD 4,683,000[69] Cash Flow - Operating cash flow before changes in working capital was a negative SGD 560,000, an improvement from negative SGD 879,000 year-over-year[38] - The net cash used in operating activities was SGD 1,567,000, compared to SGD 963,000 in the previous period, reflecting increased operational expenditures[38] - Cash flow from investing activities showed a net inflow of SGD 3,814,000, a significant recovery from a net outflow of SGD 6,474,000 in the prior period[41] - The net increase in cash and cash equivalents was SGD 1,762,000, with a closing balance of SGD 7,647,000 compared to SGD 4,980,000 in the previous period[41] Trade Receivables and Impairments - Trade receivables, net of impairment, increased to SGD 4,249 million as of June 30, 2022, compared to SGD 3,246 million as of December 31, 2021[102] - The impairment provision for trade receivables rose to SGD 508 million as of June 30, 2022, from SGD 331 million at the end of the previous year, indicating increased caution in receivables management[105] - The aging analysis of trade receivables shows that overdue amounts over three months were SGD 2,663,000, a decrease of 4.7% from SGD 2,795,000 in the previous period[108] - The company believes that no impairment provision is necessary for overdue trade receivables due to the good credit quality of its customers[111] Capital Expenditure and Investments - The company’s capital expenditure for the period was SGD 48,000, reflecting investments in property and equipment[74] - The company provided a transitional loan of SGD 5,000,000 to ZACD Mount Emily Residential Development Fund, with a 6% annual interest rate[130] - The company entered into a transitional loan agreement of SGD 18 million with ZACD LV Development Fund on February 1, 2022, also at an interest rate of 6% per annum[138] Related Party Transactions and Guarantees - The group reported significant related party transactions, including acquisition and project management fees of SGD 1,207,000 for Mandai 7 JV Pte. Ltd. and ZACD LV Development Pte. Ltd.[172] - The group provided a financial guarantee totaling SGD 129,086,250 to support the La Ville Development project, representing 75.0% of the total liabilities under the financing agreement[182] - A guarantee of SGD 150,744,796 was provided for the Landmark Development project, which is 39.2% of the total liabilities under the financing agreement[188] Strategic Initiatives - The company continues to provide investment management services through special purpose entities, focusing on real estate projects[50] - The company is actively involved in fund management, aiming to maximize internal rates of return for its investors[53] - The company plans to continue expanding its property management and leasing services to enhance revenue streams[60] - The company is actively involved in the redevelopment of residential projects in Singapore, including the La Ville project[137]
杰地集团(08313) - 2022 - 中期财报