1773 ＹＴＬ 2020-02-21 15:00:00
2020年６月期第２四半期（2019年10月～2019年12月）決算短信 [pdf]
2020 年２月 21 日
2020 年６月期第２四半期（2019 年 10 月～2019 年 12 月）決算短信
会 社 名 ワイ・ティー・エル・コーポレーション・バーハッド
株式銘柄コード (1773)
本 店 所 在 地 マレーシア 55100 クアラルンプール、ジャラン・ブギット・
ビンタン 55、ヨー・ティオン・レイ・プラザ 11 階
所 属 部 東証１部（外国）
決 算 期 本決算：年１回（６月） 中間決算：四半期ごと
問 い 合 せ 先 東京都千代田区大手町一丁目１－１
大手町パークビルディング
アンダーソン・毛利・友常法律事務所
弁護士 森下 国彦
弁護士 日髙 英太朗
弁護士 川端 彩華
弁護士 古波藏 惇
電話 (03)6775-1000
四半期報告書
2020 年３月 27 日
提 出 予 定 日
1. 本国における決算発表日 2020 年２月 20 日（木曜日）
2. 業績
第２四半期（10 月から 12 月までの３ヶ月）（連結）
当期（未監査） 前期（未監査） 増減率
売上高または営業収入 5,543,805 千リンギット 4,554,615 千リンギット 21.72％
純 利 益 （ 税 引 後 ） 95,990 千リンギット 157,495 千リンギット -39.05％
一 株 当 り 利 益 0.17 セン 0.42 セン -59.52％
今期累積額（７月から 12 月までの６ヶ月）（連結）
当期（未監査） 前期（未監査） 増減率
売上高または営業収入 10,828,469 千リンギット 8,643,138 千リンギット 25.28％
純 利 益 （ 税 引 後 ） 196,283 千リンギット 421,930 千リンギット -53.48％
一 株 当 り 利 益 0.31 セン 1.61 セン -80.75％
配当金の推移
当期 前期 備 考
第１四半期 ０セン ０セン
第２四半期 ０セン ０セン
第３四半期 ０セン
第４四半期 4.0 セン
合 計 ０セン 4.0 セン
3. 概況・特記事項・その他
(1) 純利益（税引後）は法人税考慮後・少数株式持分損益考慮前利益に基づき算出されている。
(2) 上記１株当り利益は基本的利益である。希薄化後１株当り利益は、当期が 0.17 セン、前期が 0.42 センであった。
今期累積額については、当期が 0.31 セン、前期が 1.61 センであった。これらの１株当り利益は法人税考慮後・
少数株主持分考慮後利益に基づき算出している。
(3) 売上高または営業収入および純利益（税引後）の数値は百の位を四捨五入している。
YTL CORPORATION BERHAD
Company No. 198201012898 (92647-H)
Incorporated in Malaysia
Interim Financial Report
31 December 2019
YTL CORPORATION BERHAD
Company No. 198201012898 (92647-H)
Incorporated in Malaysia
Interim Financial Report
31 December 2019
Page No.
Condensed Consolidated Income Statement 1
Condensed Consolidated Statement of Comprehensive Income 2
Condensed Consolidated Statement of Financial Position 3-4
Condensed Consolidated Statement of Changes in Equity 5-6
Condensed Consolidated Statement of Cash Flows 7-9
Notes to the Interim Financial Report 10 - 30
YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
Interim financial report on consolidated results for the financial period ended 31 December 2019.
The figures have not been audited.
CONDENSED CONSOLIDATED INCOME STATEMENT
Individual Quarter Cumulative Quarter
Current Preceding Year
Year Corresponding
Quarter Quarter 6 Months Ended
31.12.2019 31.12.2018 31.12.2019 31.12.2018
RM'000 RM'000 RM'000 RM'000
Revenue 5,543,805 4,554,615 10,828,469 8,643,138
Cost of sales (4,397,800) (3,526,255) (8,636,324) (6,580,423)
Gross profit 1,146,005 1,028,360 2,192,145 2,062,715
Other operating income 66,705 51,214 215,837 113,101
Other operating expenses (656,374) (543,938) (1,268,361) (961,267)
Profit from operations 556,336 535,636 1,139,621 1,214,549
Finance costs (485,082) (431,584) (976,561) (860,316)
Share of results of associated
companies and joint ventures 115,563 120,182 207,855 211,946
Profit before taxation 186,817 224,234 370,915 566,179
Taxation (90,827) (66,739) (174,632) (144,249)
Profit for the period 95,990 157,495 196,283 421,930
Attributable to:-
Owners of the parent 17,540 44,820 32,847 170,610
Non-controlling interests 78,450 112,675 163,436 251,320
Profit for the period 95,990 157,495 196,283 421,930
Earnings per share
Basic (Sen) 0.17 0.42 0.31 1.61
Diluted (Sen) 0.17 0.42 0.31 1.61
The Condensed Consolidated Income Statement should be read in conjunction with the audited annual financial statements for
the year ended 30 June 2019 and the accompanying explanatory notes attached to the interim financial statements.
1
YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Individual Quarter Cumulative Quarter
Current Preceding Year
Year Corresponding
Quarter Quarter 6 Months Ended
31.12.2019 31.12.2018 31.12.2019 31.12.2018
RM'000 RM'000 RM'000 RM'000
Profit for the period 95,990 157,495 196,283 421,930
Other comprehensive
income/(loss) :-
Items that may be reclassified
subsequently to income statement:-
Financial assets at fair value through
other comprehensive income/(loss) 1,007 (1,306) (225) (2,055)
Cash flow hedges 162,239 (598,362) (170,621) (567,720)
Foreign currency translation 173,830 (187,310) (110,595) 248,434
Other comprehensive
income/(loss) for the
period, net of tax 337,076 (786,978) (281,441) (321,341)
Total comprehensive income/
(loss) for the period 433,066 (629,483) (85,158) 100,589
Attributable to :-
Owner of the parent 212,314 (371,446) (106,949) (4,639)
Non-controlling interests 220,752 (258,037) 21,791 105,228
Total comprehensive income/
(loss) for the period 433,066 (629,483) (85,158) 100,589
The Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the audited annual financial
statements for the year ended 30 June 2019 and the accompanying explanatory notes attached to the interim financial statement.
2
YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
Unaudited Audited
As at As at
31.12.2019 30.06.2019
RM'000 RM'000
ASSETS
Non-current Assets
Property, plant and equipment 31,432,980 30,759,493
Right of use assets 480,297 -
Investment properties 10,234,932 10,217,573
Investment in associated companies
and joint ventures 2,381,350 2,845,349
Investments 439,388 409,971
Development expenditure 1,180,043 1,127,238
Intangible assets 8,228,288 8,023,200
Trade, other receivables and contract assets 1,289,122 1,164,736
Derivative financial instruments 1,395 18,722
55,667,795 54,566,282
Current Assets
Inventories 2,146,481 2,783,723
Property development costs 603,681 561,937
Trade, other receivables and contract assets 4,454,400 4,438,257
Derivative financial instruments 26,743 65,022
Income tax assets 99,171 121,292
Investments 2,450,795 2,352,947
Amount due from related parties 58,825 31,131
Fixed deposits 10,560,252 10,635,496
Cash and bank balances 1,287,997 1,171,006
21,688,345 22,160,811
TOTAL ASSETS 77,356,140 76,727,093
The Condensed Consolidated Statement of Financial Position should be read in conjunction with the audited annual financial
statements for the year ended 30 June 2019 and the accompanying explanatory notes attached to the interim financial statements.
3
YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION – continued
Unaudited Audited
As at As at
31.12.2019 30.06.2019
RM'000 RM'000
EQUITY
Share capital 3,454,734 3,340,111
Other reserves 768,638 907,066
Retained profits 9,412,362 9,488,302
Less : Treasury shares, at cost (495,653) (472,793)
Equity Attributable to Owners of the Parent 13,140,081 13,262,686
Non-Controlling Interests 7,034,469 7,631,855
TOTAL EQUITY 20,174,550 20,894,541
LIABILITIES
Non-current liabilities
Long term payables and other contract liabilities 1,345,796 1,257,683
Bonds & borrowings 38,672,706 30,722,521
Lease liabilities 522,218 -
Grants and contributions 599,045 560,828
Deferred tax liabilities 2,082,184 2,073,144
Post-employment benefit obligations 791,652 759,646
Derivative financial instruments 57,020 54,116
44,070,621 35,427,938
Current Liabilities
Trade, other payables and other contract liabilities 4,474,772 4,681,472
Derivative financial instruments 133,893 63,491
Amount due to related parties 21,684 16,006
Bonds & borrowings 8,148,630 15,357,267
Lease liabilities 12,793 -
Income tax liabilities 166,187 133,891
Provision for liabilities and charges 153,010 152,487
13,110,969 20,404,614
TOTAL LIABILITIES 57,181,590 55,832,552
TOTAL EQUITY AND LIABILITIES 77,356,140 76,727,093
Net Assets per share (RM) 1.24 1.25
The Condensed Consolidated Statement of Financial Position should be read in conjunction with the audited annual financial
statements for the year ended 30 June 2019 and the accompanying explanatory notes attached to the interim financial statements.
4
YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE FINANCIAL PERIOD ENDED 31 DECEMBER 2019
Attributable to Owners of the Parent Non-
Share Retained Treasury Other Controlling Total
capital profits shares reserves Total interests equity
Group RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
At 1 July 2019, as previously reported 3,340,111 9,488,302 (472,793) 907,066 13,262,686 7,631,855 20,894,541
Effects of adopting of MFRS 16 - (2,532) - - (2,532) (7,276) (9,808)
At 1 July 2019, as restated 3,340,111 9,485,770 (472,793) 907,066 13,260,154 7,624,579 20,884,733
Profit for the period - 32,847 - - 32,847 163,436 196,283
Other comprehensive loss - - - (139,796) (139,796) (141,645) (281,441)
Total comprehensive income/(loss)
for the period - 32,847 - (139,796) (106,949) 21,791 (85,158)
Changes in composition of the Group - 320,348 - - 320,348 (312,864) 7,484
Dividend paid - (426,770) - - (426,770) (299,037) (725,807)
Issue of share capital 114,623 - - - 114,623 - 114,623
Purchase of treasury shares - - (22,860) - (22,860) - (22,860)
Share option expenses - - - 1,460 1,460 - 1,460
Share option lapsed by subsidiary - 167 - (92) 75 - 75
At 31 December 2019 3,454,734 9,412,362 (495,653) 768,638 13,140,081 7,034,469 20,174,550
The Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the audited annual financial statements for the year ended 30 June 2019 and the accompanying explanatory
notes attached to the interim financial statements.
5
YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE FINANCIAL PERIOD ENDED 31 DECEMBER 2018
Attributable to Owners of the Parent Non-
Share Retained Treasury Other Controlling Total
capital profits shares reserves Total interests equity
Group RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
At 30 June 2018, as previously reported 3,340,111 10,123,292 (337,142) 1,009,646 14,135,907 7,540,331 21,676,238
Effects of adopting of MFRS 15 - 1,144 - - 1,144 (80) 1,064
At 1 July 2018, as restated 3,340,111 10,124,436 (337,142) 1,009,646 14,137,051 7,540,251 21,677,302
Profit for the period - 170,610 - - 170,610 251,320 421,930
Other comprehensive loss - - - (175,249) (175,249) (146,092) (321,341)
Total comprehensive income/(loss)
for the period - 170,610 - (175,249) (4,639) 105,228 100,589
Changes in composition of the Group - (109,496) - - (109,496) (87,871) (197,367)
Dividend paid - (422,748) - . (422,748) (331,187) (753,935)
Purchase of treasury shares - - (135,650) - (135,650) - (135,650)
Share options expenses 2,731 2,731 2,731
Share option lapsed by subsidiary - 174 - (1,415) (1,241) - (1,241)
At 31 December 2018 3,340,111 9,762,976 (472,792) 835,713 13,466,008 7,226,421 20,692,429
The Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the audited annual financial statements for the year ended 30 June 2019 and the accompanying explanatory
notes attached to the interim financial statements.
6
YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE FINANCIAL PERIOD ENDED 31 DECEMBER 2019
6 Months Ended
31.12.2019 31.12.2018
RM'000 RM'000
Cash flows from operating activities
Profit before tax 370,915 566,179
Adjustment for :-
Adjustment on fair value of investment properties - (12,035)
Amortisation of contract costs 4,554 7,549
Amortisation of deferred income - (719)
Amortisation of grants and contributions (9,754) (10,875)
Amortisation of other intangible assets 11,363 3,534
Depreciation of property, plant and equipment 881,934 824,517
Depreciation of right of use assets 75,115 -
Dividend income (5,489) (24,122)
Fair value changes of derivatives (311) 11,374
Fair value changes of investments (39,194) (25,709)
Gain on disposal of property, plant and equipment (7,568) (4,567)
Impairment losses 35,047 101,366
Interest expense 976,561 860,316
Interest income (154,073) (154,177)
Property, plant and equipment written off 6,759 3,422
Provision for post-employment benefit 27,167 25,620
Provision for liabilities and charges 1,481 906
Share option expenses 2,645 2,731
Share of results of associated companies and
joint ventures (207,855) (211,946)
Unrealised gain on foreign exchange (18,533) (34,404)
Other non cash items (6,385) (1,292)
Operating profit before changes in working capital 1,944,379 1,927,668
The Condensed Consolidated Statement of Cash Flows should be read in conjunction with the audited annual financial statements
for the year ended 30 June 2019 and the accompanying explanatory notes attached to the interim financial statements.
7
YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE FINANCIAL PERIOD ENDED 31 DECEMBER 2019 - continued
6 Months Ended
31.12.2019 31.12.2018
RM'000 RM'000
Changes in working capital:-
Inventories 663,664 43,219
Property development costs (40,196) (51,879)
Receivables, deposits and prepayments (47,969) 186,220
Payables and accrued expenses (232,872) (277,016)
Related parties balances (9,993) 10,897
Cash generated from operations 2,277,013 1,839,109
Dividend received 199,920 208,252
Interest paid (990,481) (855,788)
Interest received 162,601 158,043
Payment to a retirement benefits scheme (24,843) (25,064)
Income tax paid (142,010) (147,736)
Net cash from operating activities 1,482,200 1,176,816
Cash flows from investing activities
Acquisition of subsidiaries (116,000) (16)
Acqusition of associated companies - (371,410)
Development expenditure incurred (62,568) (27,535)
Grants received in respect of infrastructure assets 37,033 31,407
Maturities of income funds - 1,125,382
Proceeds from disposal of investment properties - 13,891
Proceeds from disposal of property, plant & equipment 21,366 208,508
Purchase of investment properties (74,873) (228,978)
Purchase of property, plant & equipment (829,005) (898,956)
Purchase of intangible assets (69,760) (141)
Purchase of investments (101,290) (193,238)
Shareholder loans (46,880) (18,576)
Net cash used in investing activities (1,241,977) (359,662)
The Condensed Consolidated Statement of Cash Flows should be read in conjunction with the audited annual financial statements
for the year ended 30 June 2019 and the accompanying explanatory notes attached to the interim financial statements.
8
YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE FINANCIAL PERIOD ENDED 31 DECEMBER 2019 - continued
6 Months Ended
31.12.2019 31.12.2018
RM'000 RM'000
Cash flows from financing activities
Dividend paid (426,770) (422,748)
Dividend paid to non-controlling interests
by subsidiaries (299,037) (331,187)
Repurchase of own shares by the company (at net) (22,860) (135,650)
Repurchase of subsidiaries' shares by subsidiaries (1) (198,625)
Proceeds from borrowings 1,877,611 2,678,843
Proceeds from issue of shares 114,623 -
Proceeds from issue of shares in subsidiaries to
non-controlling interests 1,605 -
Repayment of bonds (10,000) -
Repayment of borrowings (1,297,521) (3,146,933)
Repayment of lease liabilities (181,094) -
Net cash used in financing activities (243,444) (1,556,300)
Net changes in cash and cash equivalents (3,221) (739,146)
Effects of exchange rate changes 42,214 129,676
Cash and cash equivalents
at beginning of the financial year 11,763,827 11,601,643
Cash and cash equivalents at end of the financial period 11,802,820 10,992,173
Cash and cash equivalent comprise :-
Fixed deposit with licensed bank 10,560,252 10,055,074
Cash and bank balances 1,287,997 961,861
Bank overdraft (45,429) (24,762)
11,802,820 10,992,173
The Condensed Consolidated Statement of Cash Flows should be read in conjunction with the audited annual financial statements
for the year ended 30 June 2019 and the accompanying explanatory notes attached to the interim financial statements.
9
YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
Notes:-
Disclosure requirements pursuant to FRS 134 – paragraph 16
The Condensed consolidated interim financial statements should be read in conjunction with the audited
financial statements of the Group for the year ended 30 June 2019.
A1. Accounting Policies and Methods of Computation
The interim financial report is unaudited and has been prepared in accordance with Malaysian
Financial Reporting Standard (“MFRS”) 134: “Interim Financial Reporting” and Chapter 9, part K
paragraph 9.22 of the Main Market Listing Requirements of the Bursa Malaysia Securities Berhad
(“Bursa Securities”).
The explanatory notes contained herein provide an explanation of the events and transactions that
are significant to the understanding of the changes in the financial position and performance of the
Group since the financial year ended 30 June 2019.
The accounting policies and methods of computations adopted by the Group in this interim
financial report are consistent with those adopted in the annual audited financial statements for the
financial year ended 30 June 2019, except for changes arising from the adoption of MFRS 16
“Leases” as described below:
MFRS 16 “Leases” (“MFRS 16”)
MFRS 16 supersedes MFRS 117 “Leases” (“MFRS 117”) and the related interpretations. Under
MFRS 16, a lease is a contract (or part of contract) that conveys the right to control the use of an
identified asset for a period of time in exchange for consideration.
MFRS 16 eliminates the classification of leases by the lessee as either finance leases (on balance
sheet) or operating leases (off balance sheet). MFRS 16 requires lessee to recognise “right-of-use”
of the underlying asset and a lease liability reflecting future lease payments for leases. The right-
of-use asset is depreciated in accordance with the principle in MFRS 116 ‘Property, Plant and
Equipment’ and the lease liability is accreted over time with interest expense recognised in the
Income Statement.
The Group applies MFRS 16 using the modified retrospective approach, therefore the comparative
information was not restated and continues to be reported under MFRS 117 and IC Interpretation
4 “Determining Whether an Arrangement Contain a Lease” (“IC 4”). The retrospective impact of
applying MFRS 16 for the leasing contracts assessed to be relevant to MFRS 16 as at 1 July 2019
is adjusted to the Group’s retained earnings as at 1 July 2019.
The purchases and sales of rights to access and rights to use licenses of intellectual property are
excluded from the scope of MFRS 16.
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10
YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
Notes: - continued
The lease liability is initially measured at the present value of the lease payments that are not paid
at the commencement date, discounted using the interest rate implicit in the lease or, if that rate
cannot be readily determined, the Group’s incremental borrowing rate. Generally, the Group uses
its incremental borrowing rate as the discount rate. Subsequently, the lease liability is measured at
amortised cost using the effective interest rate method, re-measured when there is a change in the
Group’s estimates of future lease payments arising from changes in circumstances relating to the
contractor if the Group changes its assessment of whether it will exercise a purchase, extension or
termination options.
For leases previously classified as finance leases the Group recognised the carrying amount of the
lease asset and lease liability immediately before transition as the carrying amount of the right of
use asset and the lease liability at the date of initial application.
In such re-measurements, a corresponding adjustment is made to the carrying amount of the right-
to-use asset, or is recorded in Income Statement if the carrying value of the right-of-use asset has
been reduced to zero.
The Group has elected to not recognise right-of-use assets and lease liabilities for short-term
leases that have a lease term of 12 months or less at inception or at initial application of MFRS 16
and low-value assets. The Group recognises the lease payments associated with these leases as an
expense on a straight-line basis over the lease term.
The adoption of MFRS 16 impacts the Group’s performance in the current financial period as
below:
(a) On the Income Statement, expenses which previously included leasing expenses within
Earnings before Interest, Tax, Depreciation and Amortisation (“EBITDA”) were replaced
by interest expense on lease liabilities and depreciation of the right-of-use assets.
(b) On the Statements of Cash Flows, operating lease rental outflows previously recorded
within “net cash flows from operating activities” were reclassified as “net cash flows used
in financing activities” for repayment of principal and interest of lease liabilities.
For lessors, MFRS 16 retains most of the requirements in MFRS 117. Lessors continue to classify
all leases as either operating leases or finance leases and account for them differently.
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11
YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
Notes: - continued
The table below shows the impact of changes to the condensed consolidated statement of
financial position of the Group resulting from the adoption of MFRS 16 as at 1 July 2019:
As Effects of
previously adoption of
reported MFRS 16 As restated
30.06.2019 01.07.2019
RM’000 RM’000 RM’000
Non-current assets
Right-of-use assets - 439,902 439,902
Trade, other receivables and contract assets - 15,162 15,162
Current assets
Trade, other receivables and contract assets - 6,408 6,408
Equity
Retained earnings 9,488,302 (2,532) 9,485,770
Non-controlling interests 7,631,855 (7,276) 7,624,579
Non-current liabilities
Lease liabilities - 333,322 333,322
Deferred tax - (37) (37)
Current liabilities
Lease liabilities - 137,995 137,995
The adoption of MFRSs, amendments to MFRSs and IC interpretation which were effective for
financial year beginning on or after 1 July 2019 do not have significant financial impact to the
Group other than explained above.
A2. Seasonality or Cyclicality of Operations
The business operations of the Group are not materially affected by any seasonal or cyclical
factors.
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12
YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
Notes: - continued
A3. Disaggregation of revenue
Individual Quarter Cumulative Quarter
Current Preceding Year
Year Corresponding
Quarter Quarter 6 Months Ended
31.12.2019 31.12.2018 31.12.2019 31.12.2018
RM'000 RM'000 RM'000 RM'000
Utilities
Sale of electricity 1,601,727 1,637,249 3,282,188 3,215,680
Sale of clean water, treatment
and disposal of waste water 890,125 876,032 1,745,943 1,723,315
Sale of steam 38,124 57,273 92,633 109,768
Broadband and
telecommunications revenue 96,032 208,892 191,350 401,304
Others 75,058 52,133 240,937 99,785
2,701,066 2,831,579 5,553,051 5,549,852
Cement manufacturing & trading
Sale of cement and related products 1,391,075 659,336 2,546,777 1,315,653
Others 4,127 5,849 9,671 11,265
1,395,202 665,185 2,556,448 1,326,918
Construction
Construction contracts revenue 570,190 387,332 1,011,140 493,933
Hotel operations
Hotel room and food and beverages 429,529 296,772 745,342 583,690
Others 5,612 10,332 10,646 12,311
435,141 307,104 755,988 596,001
Property
Property development projects 169,627 71,568 387,115 97,510
Sale of land held for
property development - 930 - 9,050
Others 4,495 4,897 9,352 9,844
174,122 77,395 396,467 116,404
Information technology &
e-commerce related business
Media and advertising services 1,036 1,516 2,143 2,576
Others - 8 32 36
1,036 1,524 2,175 2,612
Management services & others
Operation and maintenance services 18,952 21,834 63,738 60,111
Food and beverages operations 5,598 6,008 11,190 11,672
Others 32,957 30,898 54,210 30,898
57,507 58,740 129,138 102,681
13
YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
Notes: - continued
A3. Disaggregation of revenue
Individual Quarter Cumulative Quarter
Current Preceding Year
Year Corresponding
Quarter Quarter 6 Months Ended
31.12.2019 31.12.2018 31.12.2019 31.12.2018
RM'000 RM'000 RM'000 RM'000
Other sources
Rental income 155,222 156,339 312,250 316,702
Interest income 50,058 59,413 106,505 113,917
Dividend income 4,261 10,004 5,307 24,118
209,541 225,756 424,062 454,737
Total revenue 5,543,805 4,554,615 10,828,469 8,643,138
A4. Exceptional or Unusual Items
During the current financial quarter, there was no item of an exceptional or unusual nature that
affects the assets, liabilities, equity, net income or cash flows of the Group.
A5. Changes in estimates of amounts reported
There was no significant change in estimates of amounts reported in prior interim periods or
prior financial years.
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14
YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
Notes: - continued
A6. Changes in Debt and Equity Securities
There was no issuance, cancellation, repurchase, resale and repayment of debts and equity
securities except for the following:-
During the current financial period to date, 100,546,311 and 8,337,023 ordinary shares were
issued in exchange for YTL Land & Development Berhad’s ordinary shares and ICULS at an
issue price of RM1.14 and RM1.10 per share, respectively pursuant to the conditional share
exchange offer by the Company.
During the current financial quarter and period to date, the Company repurchased 24,741,900
ordinary shares of its issued share capital from the open market, at an average of RM0.92 per
share. The total consideration paid for the share buy-back, including transaction costs
amounted to RM22,859,751 and was financed by internally generated funds. The shares
purchased are held as treasury shares in accordance with Section 127(6) of the Companies Act
2016.
As at 31 December 2019, the number of treasury shares held was 366,604,318 ordinary shares.
A7. Dividend paid
The following dividend payment was made during the financial period ended 31 December
2019:
RM’000
In respect of the financial year ended 30 June 2019:-
An interim single tier dividend of 4 sen per ordinary share
paid on 13 November 2019 426,770
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15
YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
Notes: - continued
A8. Segment Information
Inter-segment pricing is determined based on a negotiated basis.
The Group’s segmental result for the financial period ended 31 December 2019 is as follows:-
Information
technology Cement Property Management
& e-commerce Manufacturing investment & services &
Construction related business & trading development others Hotels Utilities Elimination Total
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
External revenue 1,011,140 2,175 2,557,881 723,409 224,698 756,115 5,553,051 - 10,828,469
Inter-segment revenue 11,165 2,868 10,782 106,977 157,313 7,862 8,134 (305,101) -
Total revenue 1,022,305 5,043 2,568,663 830,386 382,011 763,977 5,561,185 (305,101) 10,828,469
Segment results
Profit from operations 117,401 2,389 164,502 180,507 328,872 60,639 285,311 - 1,139,621
Finance costs (976,561)
163,060
Share of profit of associated companies & joint ventures 207,855
Profit before taxation 370,915
16
YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
Notes: - continued
A8. Segment Information - continued
Inter-segment pricing is determined based on a negotiated basis.
The Group’s segmental result for the financial period ended 31 December 2018 is as follows:-
Information
technology Cement Property Management
& e-commerce Manufacturing investment & services &
Construction related business & trading development others Hotels Utilities Elimination Total
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
External revenue 493,933 2,612 1,326,918 433,262 240,489 596,072 5,549,852 - 8,643,138
Inter-segment revenue 82,557 40,401 1,815 121,001 136,150 8,274 7,313 (397,511) -
Total revenue 576,490 43,013 1,328,733 554,263 376,639 604,346 5,557,165 (397,511) 8,643,138
Segment results
Profit from operations 18,359 2,862 110,601 286,690 313,245 19,085 463,707 - 1,214,549
Finance costs (860,316)
354,233
Share of profit of associated companies & joint ventures 211,946
Profit before taxation 566,179
17
YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
Notes: - continued
A9. Changes in the Composition of the Group
There were no significant changes in the composition of the Group for the current financial period
ended 31 December 2019, including business combinations, acquisition or disposal of subsidiaries
and long-term investments, restructurings and discontinuing operations except for the following-
• On 12 July 2019, YTL Jordan Services Sdn Bhd (now known as YTL Power Resources Sdn
Bhd) (“YTLPR”) acquired 1 ordinary share, representing the total number of issued shares
in Equinox Solar Farm Sdn Bhd (“ESF”) for RM1.00. As a result, ESF has become a
wholly-owned subsidiary of YTLPR and an indirect owned subsidiary of the Company.
• The following companies, all indirect subsidiaries of YTL Power International Berhad
(“YTL Power”), have been struck-off from the register of UK Companies House and ceased
to be indirect subsidiaries of YTL Power and the Company:
Struck off on 30 July 2019:
(a) Wessex Electricity Utilities Limited
(b) Wessex Promotions Limited
(c) Wessex Property Services Limited
(d) Wessex Spring Water Limited
(e) Wessex Logistics Limited
(f) Wessex Water Commercial Limited
Struck off on 6 August 2019:
(a) Sword Bidco (Holdings) Limited
(b) Sword Bidco Limited
(c) Sword Midco Limited
• On 22 November 2019, Elite Dining Sdn Bhd (“Elite Dining”) was incorporated as a
wholly-owned subsidiary of Autodome Sdn Bhd, an indirect wholly-owned subsidiary of
the Company, with an issued share capital of RM1.00 comprising 1 ordinary share. Elite
Dining will be principally involved in food and beverage operator:
A10. Changes in Contingent Liabilities or Contingent Assets
There were no significant changes in the contingent liabilities of the Group since the last financial
year ended 30 June 2019.
A11. Subsequent Events
There were no items, transactions or events of a material or unusual in nature during the period
from the end of the quarter under review to the date of this report.
18
YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
Notes: - continued
Disclosure requirements per Part A of Appendix 9B of the Bursa Securities Main Market Listing
Requirements
B1. Review of Performance
Individual Quarter Variance Cumulative Quarter Variance
31.12.2019 31.12.2018 % 31.12.2019 31.12.2018 %
RM'000 RM'000 +/- RM'000 RM'000 +/-
Revenue
Construction 570,190 387,332 47% 1,011,140 493,933 105%
Information technology &
e-commerce related business 1,036 1,524 -32% 2,175 2,612 -17%
Cement Manufacturing & trading 1,396,435 665,185 110% 2,557,881 1,326,918 93%
Property investment & development 335,251 235,089 43% 723,409 433,262 67%
Management services & others 104,611 126,763 -17% 224,698 240,489 -7%
Hotels 435,216 307,143 42% 756,115 596,072 27%
Utilities 2,701,066 2,831,579 -5% 5,553,051 5,549,852 0%
5,543,805 4,554,615 10,828,469 8,643,138
Profit/(loss) before taxation
Construction 49,645 17,747 180% 116,427 18,346 535%
Information technology &
e-commerce related business 762 1,579 -52% 2,389 2,862 -17%
Cement Manufacturing & trading 49,542 46,189 7% 40,022 89,688 -55%
Property investment & development 7,700 60,320 -87% 35,683 146,278 -76%
Management services & others 15,393 (7,024) 319% 5,739 (12,621) 145%
Hotels 32,235 1,974 1533% 51,979 9,056 474%
Utilities 31,540 103,449 -70% 118,676 312,570 -62%
186,817 224,234 370,915 566,179
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19
YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
Notes – continued
For the current financial quarter under review, the Group revenue was RM5,543.8 million as
compared to RM4,554.6 million, recorded in the preceding year corresponding quarter. The Group
recorded a profit before tax of RM186.8 million for the current financial quarter. This represents a
decrease of RM37.4 million or 16.7% as compared to a profit of RM224.2 million recorded in the
preceding year corresponding quarter.
For the six months under review, the Group revenue was at RM10,828.5 million as compared to
RM8,643.1 million, recorded in the preceding financial year ended 31 December 2018. The Group
recorded a profit before taxation of RM370.9 million for the current financial period. This
represents a decrease of RM195.3 million or 34.5% as compared to a profit of RM566.2 million
recorded in the preceding year corresponding period.
Performance of the respective operating business segments for the financial quarter/period ended
31 December 2019 as compared to the preceding year corresponding quarter/period are analysed
as follows:
Construction
The increase in revenue and profit before tax was principally due to the significant increase in
construction works.
Information technology & e-commerce related business
The decrease in revenue and profit before tax was mainly due to lower revenue recorded by
Content and digital media division and higher administration expenses incurred.
Cement Manufacturing & trading
For the current quarter under review, the increase in revenue was mainly attributable to increase in
sales volume and the consolidation of Malayan Cement Berhad (“MSB”) (formerly known as
Lafarge Malaysia Berhad) and increase in profit before tax was due to increase in selling price
from all divisions.
For the six months under review, the increase in revenue was mainly due to the consolidation of
MCB and increase in sales volume and selling price from all other divisions. However, the
decrease in profit before tax was mainly due to higher finance costs related to the acquisition of
MCB.
Property investment & development
The increase in revenue was mainly contributed by sale of completed properties of the 3 Orchard
By-The-Park and The Fennel projects undertaken by YTL Westwood Properties Pte Ltd ("YTL
Westwood") and Sentul Raya Sdn Bhd ("SRSB"), respectively. However, the decline in profit
before tax was mainly attributable to the recognition of losses on sale of completed units and
qualifying certificate extension fee incurred by YTL Westwood for 3 Orchard By-The-Park
project.
Management services & others
Decrease in revenue was mainly due to lower distribution income received from investment in a
fund by a foreign subsidiary. However, the significant improvements in profit before tax was
principally attributable to the accrued technical service income related to the Jordan power project,
lower operating costs, fair value gain on investments recorded by YTL Power International
Berhad.
20
YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
Notes – continued
Hotels
The increase in revenue and profit before tax was mainly contributed by The Westin Perth hotel in
Australia and the sales and profit recognition of the Hinode Hills project undertaken by Niseko
Village K.K..
Utilities
Revenue and profit before tax for the current quarter under review, decreased principally
attributable to absence of project revenue recorded by Telecommunication business division and
was partially offset by the absence of a one-off charge for impairment of receivable following a
court decision recorded by Multi utilities business (Merchant) .
For the six months under review, the marginal increase in revenue was mainly due to higher sales
of fuel oil contributed by Multi utilities business (Merchant). Despite the higher revenue, lower
profit before taxation was principally attributable to the loss recorded in the Telecommunications
business division.
The utilities segment contributes to 51.3% and 32.0% of the Group revenue and profit before
taxation, respectively.
B2. Comparison with Preceding Quarter
Current Preceding
Quarter Quarter Variance
31.12.2019 30.09.2019 %
RM'000 RM'000 +/-
Revenue 5,543,805 5,284,664 5%
Profit before taxation 186,817 184,098 1%
Profit attributable to owners of the parent 17,540 15,307 15%
Revenue and profit before tax increased marginally by 5% and 1%, respectively in the current
quarter compared to the preceding quarter. However, profit attributable to owners of the parent
increased substantially by 15% following the better performance by Cement manufacturing &
trading and hotel segments.
B3. Audit Report of the preceding financial year ended 30 June 2019
The Auditors’ Report on the financial statements of the financial year ended 30 June 2019 did not
contain any qualification.
B4. Prospects
The prospects of the respective business segments of the Group for the financial year ending 30
June 2020 are set out below:
Construction
The construction segment is expected to achieve satisfactory performance based on its current
outstanding order book.
21
YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
Notes – continued
Information technology & e-commerce related business
The outlook for the segment’s is expected to remain satisfactory performance.
Cement manufacturing & trading
The outlook for the cement industry remains challenging and the segment is expected to achieve
satisfactory performance.
Property investment & development
Notwithstanding the challenging property market conditions both in Malaysia and Singapore, the
Group will continue to embark on marketing efforts and initiatives to unlock sales as well as
undertake project launches.
Management services & others/Hotels
Considering the current market condition, the performance of these two segments is expected to
remain satisfactory.
Utilities
The YTL Power Group has an 80% equity interest in PT Tanjung Jati Power Company (“TJPC”),
an independent power producer which is undertaking the development of Tanjung Jati A, a 2 x
660 megawatt coal-fired power project in Java, Indonesia. TJPC has a 30-year power purchase
agreement with PT PLN (Persero), Indonesia’s state-owned electric utility company, amended and
restated in December 2015 and March 2018. TJPC has recently obtained the Business Viability
Guarantee Letter from the Ministry of Finance of the Republic of Indonesia. Progress is underway
towards achieving financial close.
The YTL Power Group also has a 45% equity interest in Attarat Power Company (“APCO”),
which is developing a 554 megawatt (gross) oil shale fired power generation project in the
Hashemite Kingdom of Jordan. APCO has signed a 30-year power purchase agreement (including
construction period of 3.5 years) with the National Electric Power Company (“NEPCO”), Jordan’s
state-owned utility, for the entire electrical capacity and energy of the power plant, with an option
for NEPCO to extend the power purchase agreement to 40 years (from the commercial operation
date of the project’s second unit). Construction has commenced on the project, with operations
scheduled to commence in mid-2020.
YTL Power Generation Sdn. Bhd. (“YTLPG”) commenced its operation on 1 September 2017 for
the supply of 585MW of capacity from the existing facility in Paka for a term of 3 years 10
months, which will be expiring on 30 June 2021. YTLPG is expected to perform satisfactorily as it
operates under a Power Purchase Agreement (“PPA”).
The electricity market in Singapore will remain competitive, driven by volatilities across global
markets and generation capacity oversupply in the wholesale electricity market. Despite the
current challenges, this segment will continue to focus on customer service and diversification
beyond the core business into integrated multi-utilities supply.
As for Water & Sewerage division, The regulator has published Wessex Water’s final
determination covering the Price Review 2020-25 in December 2019. The Group remains
committed to delivering high quality, reliable and resilient services that are affordable to
everyone, and is confident it will continue to deliver outperformance of its regulatory targets.
22
YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
Notes – continued
With the existing network in place, Telecommunications business division will continue to expand
its telecommunications infrastructure business and is well positioned to grow its subscriber base
with innovative, competitive and affordable products and services.
B5. Profit Forecast
The Group did not issue any profit forecast or profit guarantee for the current financial quarter.
B6. Profit for the period
Current Period
Quarter To Date
31.12.2019 31.12.2019
RM’000 RM’000
Profit for the period is stated after charging/(crediting):
Allowance for impairment of receivables - net of reversal 17,695 35,047
Amortisation of contract costs 2,069 4,554
Amortisation of grants and contributions (5,020) (9,754)
Amortisation of other intangible assets 9,070 11,363
Depreciation of property, plant and equipment 460,820 881,934
Depreciation of right of use assets 36,415 75,115
Dividend income (4,612) (5,489)
Fair value changes of derivatives (21) (311)
Fair value changes of investments 1,656 (39,194)
Interest expense 485,082 976,561
Interest income (23,220) (47,568)
Gain on foreign exchange (30,128) (19,270)
Gain on disposal of property, plant and equipment (3,556) (7,568)
Property, plant and equipment written off 3,211 6,759
Provision for liabilities and charges 503 1,481
Other than the above items, there were no other investment income, write off of receivables,
gain or loss on disposal of properties, impairment of assets and exceptional items for the
current financial quarter and financial period to date.
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23
YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
Notes – continued
B7. Taxation
Taxation comprise the following:-
Current Period
Quarter To Date
31.12.2019 31.12.2019
RM’000 RM’000
In respect of current period
- Income tax 102,812 193,091
- Deferred tax (11,985) (18,459)
90,827 174,632
The higher effective tax rate of the Group as compared to the Malaysian statutory income tax rate
for the current financial quarter and financial period to date was mainly due to losses from certain
subsidiary companies, non-deductibility of certain expenses for tax purposes and partially offset
by income subjected to different tax jurisdictions.
B8. Corporate Developments
Corporate Proposals Announced and Pending Completion
As at the date of this report, being the latest practicable date, there are no corporate proposals
announced and pending completion.
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24
YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
Notes – continued
B9. Group Borrowings and Debt Securities
The Group’s borrowings and debts securities as at 31 December 2019 are as follows:-
Secured Unsecured Total
RM'000 RM'000 RM'000
Current
Bankers' acceptances - 27,868 27,868
Bank overdrafts - 45,429 45,429
Other borrowings 1,859 190 2,049
ICULS * - 14,820 14,820
Revolving credit 36,500 3,163,369 3,199,869
Term loans 1,111,127 3,347,468 4,458,595
Bonds - 400,000 400,000
1,149,486 6,999,144 8,148,630
Non-current
Other borrowings 1,762 - 1,762
Revolving credit 257,500 299,350 556,850
Term loans 1,446,819 16,052,318 17,499,137
Bonds 328,196 20,286,761 20,614,957
2,034,277 36,638,429 38,672,706
Total borrowings 3,183,763 43,637,573 46,821,336
* Irredeemable Convertible Unsecured Loan Stock ("ICULS")
Foreign currency borrowings included in the above are as follows :-
Foreign RM
Currency Equivalents
’000 ’000
US Dollar 867,872 3,551,766
Singapore Dollar 3,245,143 9,861,016
Sterling Pound 2,455,777 13,192,925
Japanese Yen 19,033,963 716,724
Thai Baht 2,003,317 274,108
Australia Dollar 693,747 1,988,279
29,584,818
Save for the borrowings of RM128.8 million, US Dollar 220.0 million, Sterling Pound 90.3
million, Yen 7.8 billion and Thai Baht 2.0 billion by subsidiary companies of which corporate
guarantees are provided by the Company, all other borrowings of subsidiary companies are on a
non-recourse basis to the Company.
25
YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
Notes – continued
B10. Derivatives Financial Instruments, Fair Value Changes of Financial Liabilities and Fair
Value hierarchy
(a) Derivatives Financial Instruments
As at 31 December 2019, the Group’s outstanding derivatives are as follows:
Type of Derivatives Contract/Notional Value Fair Value
RM’000 RM’000
Fuel oil swaps
- Less than 1 year 1,274,926 (89,706)
- 1 year to 3 years 170,079 (16,906)
- More than 3 years - -
Currency forwards
- Less than 1 year 1,273,046 (9,091)
- 1 year to 3 years 276,886 (2,067)
- More than 3 years - -
Currency options contracts
- Less than 1 year 818,500 (657)
- 1 year to 3 years - -
- More than 3 years - -
Interest rate swap contracts
- Less than 1 year 925,766 (7,710)
The Group entered into fuel oil swaps to hedge highly probable forecast physical fuel oil and
natural gas purchases that are expected to occur at various dates in the future. The fuel oil swaps
have maturity dates that match the expected occurrence of these transactions.
The Group entered into currency forwards to hedge highly probable forecast transactions
denominated in foreign currency expected to occur in the future. The currency forwards have
maturity dates that match the expected occurrence of these transactions.
The Group entered into interest rate swap contracts to manage its interest rate risk arising
primarily from interest-bearing borrowings. Borrowings at floating rate expose the Group to fair
value interest rates and the derivative financial instruments minimise the fluctuation of cash flow
due to changes in the market interest rates.
The derivative financial instruments are stated at fair value based on banks’ quotes. The fair value
changes on the effective portion of the derivatives that are designated and qualify as cash flow
hedges are recognised in other comprehensive income. The gain or loss relating to the ineffective
portion is recognised immediately in profit or loss.
All derivative financial instruments are executed with creditworthy counter parties with a view to
limit the credit risk exposure of the Group.
26
YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
Notes – continued
(b) Fair Value Changes of Financial Liabilities
The gains arising from fair value changes of financial liabilities for the current financial period
ended 31 December 2019 are as follows:
Fair value (loss)/gain
Type of Basis of
financial fair value Current Period
liabilities measurement Reason for the gains quarter to date
31.12.2019 31.12.2019
RM’000 RM’000
Forward Foreign Foreign exchange rates (4,187) (1,154)
foreign exchange differential between the
currency differential contracted rate and the
exchange between the market forward rate
contracts contracted rate which have moved in
and the market favour of the Group
forward rate
Fuel oil swap Fuel oil price Fuel oil price differential 15,703 21,112
differential between the contracted
between the price and the market
contracted forward price which have
price and the moved in favour of the
market forward Group
price
Currency Spot rate and Change in time value was (263) 2,687
options interest rate greater due to shorter
contract curve, remaining tenor and spot
volatility and rate has moved in favour
time to of the Group
maturity
Total 11,253 22,645
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27
YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
Notes: - continued
(c) Fair Value Hierarchy
The table below analyses financial instruments carried at fair value, by valuation method. The
different levels have been defined as follows:
(a) Level 1 : Quoted prices (unadjusted) in active markets for identical assets or liabilities.
(b) Level 2 : Inputs other than quoted prices included within Level 1 that are observable
for the asset or liability, either directly (i.e. prices) or indirectly (i.e. derived from
prices).
(c) Level 3: Inputs for the asset or liability that are not based on observable market data
(unobservable inputs).
At the reporting date, the Group and the Company held the following financial instruments
carried at fair value on the statement of financial position:-
Level 1 Level 2 Level 3 Total
RM'000 RM'000 RM'000 RM'000
31 December 2019
Assets
Financial assets at fair value
through profit and loss
- Trading derivatives - 14,014 - 14,014
- Income/equity funds - 2,475,260 337,439 2,812,699
- Equity investments 10,503 3,725 - 14,228
- Receivables from a joint venture - - 959,395 959,395
Derivative used for hedging - 14,124 - 14,124
Financial assets at fair value through
other comprehensive income 41,767 396 21,093 63,256
Total assets 52,270 2,507,519 1,317,927 3,877,716
Liabilities
Financial liabilities at fair value
through profit and loss
- Trading derivatives - 5,323 - 5,323
- Currency options contract 657 - - 657
Derivative used for hedging - 184,933 - 184,933
Total liabilities 657 190,256 - 190,913
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28
YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
Notes: - continued
B11. Material litigation
There was no material litigation pending as at the date of this report.
B12. Dividend
No dividend has been declared for the current financial quarter.
B13. Earnings Per Share
i) Basic earnings per share
The basic earnings per share of the Group has been computed by dividing the net profit
attributable to owners of the parent for the financial quarter/period by the weighted average
number of ordinary shares in issue during the financial quarter/period as set out below:-
Individual Quarter Cumulative Quarter
Current Preceding Year
Year Corresponding
Quarter Quarter 6 Months Ended
31.12.2019 31.12.2018 31.12.2019 31.12.2018
Profit attributable to owners
of the parent (RM’000) 17,540 44,820 32,847 170,610
Weighted average number
of ordinary shares (‘000)
Weighted average number
of ordinary shares (‘000) 10,910,559 10,910,559 10,983,734 10,910,559
Less: Shares repurchased (350,110) (232,832) (345,986) (339,344)
10,560,449 10,677,727 10,637,748 10,571,215
Basic earnings
per share (sen) 0.17 0.42 0.31 1.61
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29
YTL CORPORATION BERHAD (Company No. 198201012898 (92647-H))
(Incorporated in Malaysia)
INTERIM FINANCIAL REPORT
Notes: - continued
B13. Earnings Per Share
ii) Diluted earnings per share
The diluted earnings per share of the Group has been computed by dividing the net profit
attributable to owners of the parent for the financial quarter/period by the weighted average
number of ordinary shares in issue during the financial quarter/period as set out below:-
Individual Quarter Cumulative Quarter
Current Preceding Year
Year Corresponding
Quarter Quarter 6 Months Ended
31.12.2019 31.12.2018 31.12.2019 31.12.2018
Profit attributable to owners
of the parent (RM’000) 17,540 44,820 32,847 170,610
Weighted average
number of ordinary
shares - diluted (‘000)
Weighted average number 10,560,450 10,677,728 10,637,748 10,571,215
of ordinary shares-basic
Effect of unexercised
share option scheme - - - -
10,560,450 10,677,728 10,637,748 10,571,215
Diluted earnings
per share (sen) 0.17 0.42 0.31 1.61
Total cash expected to be received in the event of an exercise of all outstanding ESOS options
is RM525.312 million (2019: RM542.103 million). Accordingly, the Net Asset (“NA”) on a
proforma basis will increase by RM525.312 million (2019: RM542.103 million) resulting in
an increase in NA per share of RM0.05 (2019: RM0.05). In arriving at the diluted earnings
per share, NA and NA per share, no income has been accrued for the cash proceeds.
By Order of the Board
HO SAY KENG
Secretary
Kuala Lumpur
Dated: 20 February 2020
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