Financial Performance - Revenue for the three months ended September 30, 2022, was SGD 2,719,272, a decrease of 22.1% compared to SGD 3,492,545 for the same period in 2021[9] - The company reported a loss before tax of SGD 571,552, compared to a profit of SGD 135,970 in the same quarter of the previous year[9] - Total comprehensive loss for the period was SGD 563,293, contrasting with a profit of SGD 135,970 in the prior year[11] - Basic and diluted loss per share was SGD (0.21), compared to earnings of SGD 0.06 per share in the previous year[11] - For the three months ended September 30, 2022, the company reported a net loss attributable to owners of approximately SGD 0.51 million, compared to a net profit of SGD 0.14 million for the same period in 2021[30] - Total revenue for the three months ended September 30, 2022, was SGD 2.72 million, a decrease of 22.1% from SGD 3.49 million in the same period of 2021[22] - Revenue from external customers in Singapore was SGD 2.47 million, down 28.5% from SGD 3.45 million in the previous year[23] - The bakery segment generated revenue of 1.61 million Singapore dollars, accounting for 59.2% of total revenue, down from 2.53 million Singapore dollars or 72.5% in the previous year[35] - The net loss attributable to the company's owners for the period was approximately 0.5 million Singapore dollars, compared to a profit of 0.1 million Singapore dollars in the same period last year[47] Income and Expenses - Other income increased to SGD 110,726 from SGD 42,747, representing a growth of 158.5% year-over-year[9] - Other income increased by approximately 159.0% to 110,726 Singapore dollars, driven by additional government support measures[36] - The cost of materials and consumables used decreased to SGD (826,017) from SGD (896,474), a reduction of 7.8%[9] - The cost of materials and consumables decreased by about 7.9% to approximately 0.8 million Singapore dollars, consistent with the decline in revenue[37] - Employee benefits expenses slightly decreased to SGD (1,029,915) from SGD (1,043,684), a decline of 1.3%[9] - Operating lease costs totaled 834,477 Singapore dollars, showing no significant change compared to 808,249 Singapore dollars in the previous year[40] - Depreciation of right-of-use assets was SGD (663,415), down from SGD (874,881), indicating a decrease of 24.1%[9] - Depreciation expense for the period increased to 213,349 Singapore dollars, up from 110,339 Singapore dollars in the same period last year[42] Equity and Shareholder Information - The total equity attributable to owners of the company decreased to SGD 2,462,191 from SGD 2,325,151, reflecting a decline of 5.9%[13] - The total equity attributable to owners as of September 30, 2022, was SGD 55,255, a decrease from SGD 618,548 as of July 1, 2022[5] - The company has not declared or paid any dividends during the period[27] - The company did not recommend any dividend payments for the period, consistent with the previous year[48] - As of September 30, 2022, AA Food holds 153,000,000 shares, representing 63.75% of the company's issued share capital[57] - Dunman Capital Global Limited holds 23,632,500 shares, representing 9.85% of the company's shares[57] - The total consideration for the sale of 153,000,000 shares was HKD 47,812,500, equivalent to HKD 0.3125 per share[66] - Aris Goh and Anita Chia each own 50% of AA Food, which is the beneficial owner of 153,000,000 shares[57] Operational Insights - The company operated 13 bakeries and 9 casual dining restaurants in Singapore as of September 30, 2022, with additional locations in Shanghai, China[32] - The bakery segment's customer traffic decreased significantly due to reliance on local consumption and COVID-19 restrictions in Shanghai affecting operations[47] - The company retained most employees from closed restaurants, resulting in no significant change in employee benefit costs[38] Governance and Compliance - The audit committee consists of three independent non-executive directors, ensuring compliance with financial reporting standards[64] - The company has maintained compliance with the corporate governance code throughout the reporting period[61] - The company emphasizes the importance of corporate governance and transparency to maintain stakeholder trust[61] - A mandatory unconditional offer commenced on November 4, 2022, following the sale of shares[66] - No significant events occurred after the reporting period up to the date of the report[67] Future Outlook - The company is actively seeking opportunities to expand its customer base and market share to enhance shareholder value[31] - The management remains confident in future growth due to ongoing operational efficiency improvements and market expansion efforts[31] - The company has adopted a share option scheme since April 24, 2020, but no options have been granted under this scheme[63] - The company recorded a foreign exchange gain of SGD 6,440 for the period, contributing to other comprehensive income[22] - The company experienced a foreign exchange loss of SGD 8,259 related to its overseas operations[9]
环球友饮智能(08496) - 2023 Q1 - 季度财报