Financial Performance - For the six months ended December 31, 2021, ISP Global Limited reported total revenue of SGD 12,010,945, a significant increase of 162% compared to SGD 4,581,675 for the same period in 2020[5] - The gross profit for the six months ended December 31, 2021, was SGD 3,236,174, representing a 128% increase from SGD 1,418,331 in the previous year[5] - The company incurred a loss before tax of SGD 846,704 for the six months ended December 31, 2021, compared to a loss of SGD 32,972 for the same period in 2020[5] - The total comprehensive loss for the six months ended December 31, 2021, was SGD 838,761, compared to a profit of SGD 17,762 in the same period of 2020[8] - The company reported a basic and diluted loss per share of SGD (0.09) for the six months ended December 31, 2021, compared to SGD (0.01) for the same period in 2020[21] - The company recognized other income of SGD 63,911 for the six months ended December 31, 2021, a decrease from SGD 248,436 in the same period of 2020[5] - The company reported a pre-tax loss from operating activities of SGD (846,704) for the six months ended December 31, 2021, compared to a loss of SGD (35,383) in the previous period[126] - The company reported a net cash outflow from operating activities of SGD (3,658,682) for the six months ended December 31, 2021[126] Assets and Liabilities - As of December 31, 2021, total assets amounted to SGD 31,695,152, an increase from SGD 26,295,493 as of June 30, 2021[24] - As of December 31, 2021, total liabilities and equity amounted to SGD 31,695,152, an increase from SGD 26,295,493 as of June 30, 2021, representing a growth of approximately 20.5%[27] - Current liabilities decreased to SGD 6,346,576 from SGD 8,995,318, a reduction of about 29.3%[27] - Non-current liabilities totaled SGD 2,315,773, down from SGD 2,733,455, indicating a decrease of approximately 15.3%[27] - Total equity increased significantly to SGD 23,032,803 from SGD 14,566,720, reflecting a growth of around 58.3%[27] - Total liabilities decreased to SGD 8,662,349 as of December 31, 2021, from SGD 11,728,773 as of June 30, 2021, indicating a reduction of about 26.5%[166] Cash Flow and Investments - The company’s cash and cash equivalents stood at SGD 11,931,540 as of December 31, 2021, compared to SGD 11,176,664 on June 30, 2021[24] - The net cash used in investing activities was SGD 12,612 for the six months ended December 31, 2021, compared to SGD 236,912 in the same period of 2020, indicating a significant reduction in investment outflows[129] - The net cash generated from financing activities was SGD 4,581,410 for the six months ended December 31, 2021, compared to a cash outflow of SGD 94,080 in the same period of 2020, reflecting a strong financing position[129] - The total cash and cash equivalents increased by SGD 910,116, reaching SGD 11,931,540 at the end of the reporting period, compared to SGD 9,843,971 at the end of 2020[129] Operational Costs - The administrative expenses for the six months ended December 31, 2021, were SGD 3,824,858, up from SGD 1,450,612 in the previous year, indicating increased operational costs[5] - The total employee costs for the six months ended December 31, 2021, reached SGD 2,993,907, compared to SGD 1,389,589 in the same period of 2020, reflecting a growth of 115.5%[188] - For the three months ended December 31, 2021, the total employee costs (including directors' remuneration) amounted to SGD 1,615,167, a significant increase from SGD 766,400 in the same period of 2020, representing a growth of 110.5%[188] - The cost of materials recognized as cost of sales/services was SGD 4,835,985 for the three months ended December 31, 2021, compared to SGD 2,150,627 in the same period of 2020, reflecting an increase of 124.8%[188] - The total cost of sales/services for the six months ended December 31, 2021, was SGD 7,773,347, compared to SGD 2,279,495 in the same period of 2020, indicating a substantial increase of 240.5%[188] Market and Business Segments - The company operates two main business segments: Network and Communication Systems Sales and Services, and Consumer Goods Sales, focusing on different market risks and returns[145] - The company aims to expand its market presence and enhance product offerings, focusing on new technologies and services in the network and communication sectors[153] - The sales from the network and communication systems amounted to SGD 4,255,678 for the three months ended December 31, 2021, compared to zero in the same period of 2020, showing a strong market entry[153] - The company reported a significant contribution from major customers, with Customer I contributing SGD 2,532,353 and Customer II contributing SGD 1,560,672 for the six months ended December 31, 2021[158] Taxation - The income tax expense for Singapore corporate tax was SGD 106,253 for the three months ended December 31, 2021, compared to SGD 21,714 in the same period of 2020, which is an increase of 388.5%[194] - The current tax expense for China corporate tax was SGD 974 for the six months ended December 31, 2021, compared to SGD 5,836 in the same period of 2020, indicating a decrease of 83.3%[194] - The deferred tax for the six months ended December 31, 2021, was a recovery of SGD 785, compared to a recovery of SGD 27,829 in the same period of 2020[194] Currency and Financial Reporting - The impact of foreign currency exchange on cash balances was a decrease of SGD 155,240, reflecting currency volatility[129] - The company reported no significant changes in the application of International Financial Reporting Standards that would materially impact the financial statements upon adoption[139] - The company has not applied any new or revised International Financial Reporting Standards that are not yet effective, indicating a stable accounting framework[139] - The company’s operational headquarters is located in Hong Kong, with significant business activities in Singapore and China, indicating a strategic geographical presence[132]
ISP GLOBAL(08487) - 2022 - 中期财报