Datapulse Technology Limited
(Company Registration No. 198002677D)
Condensed Interim Financial Statements For The Six Months Ended 31 January 2024
Datapulse Technology Limited
Condensed Interim Financial Statements For The Six Months Ended 31 January 2024
Table of Contents
Page | ||
A. Condensed interim consolidated statement of profit or loss and | ||
other comprehensive income | 3 | |
B. Condensed interim statements of financial position | 4 | |
C. Condensed interim statements of changes in equity | 5 | - 6 |
D. Condensed interim consolidated statement of cash flows | 7 | |
E. Notes to the condensed interim consolidated financial statements | 8 - 19 | |
F. Other information required by Listing Rule Appendix 7.2 | 20 | - 23 |
Datapulse Technology Limited
Condensed Interim Financial Statements For The Six Months Ended 31 January 2024
A. Condensed interim consolidated statement of profit or loss and other comprehensive income
Group | ||||
6 Months Ended | ||||
Consolidated Statement of Profit or Loss | Note | 31/1/2024 | 31/1/2023 | Change |
$'000 | $'000 | % | ||
(Unaudited) | (Unaudited) | |||
Revenue | 3 | 3,138 | 1,655 | 89.6 |
Other income | 4 | 222 | 143 | 55.2 |
3,360 | 1,798 | 86.9 | ||
Loss on disposal of investments | - | (39) | N.M. | |
Staff costs | (865) | (737) | 17.4 | |
Depreciation | (307) | (473) | (35.1) | |
Finance costs | 5 | (20) | (27) | (25.9) |
Hotel operating expenses | (1,257) | (778) | 61.6 | |
Other operating expenses | (610) | (437) | 39.6 | |
Profit/(Loss) before taxation | 6 | 301 | (693) | (143.4) |
Taxation | - | - | N.M. | |
Profit/(Loss) for the period attributable to owners of | ||||
the Company | 301 | (693) | (143.4) | |
Profit/(Loss) per share attributable to owners of | ||||
the Company | ||||
Basic profit/(loss) per share (cents) (1) | 0.13 | (0.32) | ||
Diluted profit/(loss) per share (cents) (2) | 0.09 | (0.21) | ||
Consolidated Statement of Comprehensive Income | ||||
Profit/(Loss) for the period | 301 | (693) | (143.4) | |
Other comprehensive (loss)/income: | ||||
Items that will be reclassified to profit or loss | ||||
Foreign currency translation differences relating to | ||||
foreign subsidiaries | (1,117) | 192 | (681.8) | |
Other comprehensive (loss)/income for the period | (1,117) | 192 | (681.8) | |
Total comprehensive loss for the period | ||||
attributable to owners of the Company | (816) | (501) | 62.9 | |
- The basic profit/(loss) per share is computed based on weighted average number of ordinary shares (excluding treasury shares) of 239,627,912 shares (31 January 2023: 219,087,771 shares).
- The diluted profit/(loss) per share is computed based on total of weighted average number of ordinary shares (excluding treasury shares) and warrants outstanding (assuming the warrants exercised at the beginning of the period) of 328,612,266 shares (31 January 2023: 328,573,625 shares).
Page 3 of 23
Datapulse Technology Limited
Condensed Interim Financial Statements For The Six Months Ended 31 January 2024
B. Condensed interim statements of financial position
Note | |
ASSETS | |
Non-current assets | |
Property, plant and equipment | 7 |
Right-of-use assets | 8 |
Investment securities | 9 |
Long-term receivables | 10 |
Subsidiaries | |
Deferred tax assets | |
Current assets | |
Trade and other receivables | 10 |
Prepayment | |
Investment securities | 9 |
Cash and bank balances | |
TOTAL ASSETS | |
LIABILITIES AND EQUITY | |
Non-current liabilities | |
Loans and borrowings | 11 |
Lease liabilities | 8 |
Current liabilities | |
Trade and other payables | 12 |
Current tax payable | |
Loans and borrowings | 11 |
Lease liabilities | 8 |
Total liabilities | |
Net assets | |
Equity attributable to owners of the | |
Company | |
Share capital | 13 |
Reserves |
Total equity
TOTAL LIABILITIES AND EQUITY
Group | Company | ||
31.1.2024 | 31.7.2023 | 31.1.2024 | 31.7.2023 |
$'000 | $'000 | $'000 | $'000 |
(Unaudited) | (Audited) | (Unaudited) | (Audited) |
36,546 | 37,885 | 14 | 15 |
15 | 45 | 15 | 45 |
4,208 | 4,208 | - | - |
6,305 | 6,305 | - | - |
- | - | 49,693 | 49,646 |
147 | 151 | - | - |
47,221 | 48,594 | 49,722 | 49,706 |
241 | 323 | 92 | 118 |
96 | 62 | 54 | 47 |
571 | 498 | 571 | 498 |
13,418 | 13,397 | 10,737 | 11,579 |
14,326 | 14,280 | 11,454 | 12,242 |
61,547 | 62,874 | 61,176 | 61,948 |
776 | 1,020 | 776 | 1,020 |
- | 1 | - | 1 |
776 | 1,021 | 776 | 1,021 |
577 | 813 | 140 | 313 |
555 | 555 | 520 | 520 |
500 | 500 | 500 | 500 |
17 | 47 | 17 | 47 |
1,649 | 1,915 | 1,177 | 1,380 |
2,425 | 2,936 | 1,953 | 2,401 |
59,122 | 59,938 | 59,223 | 59,547 |
35,016 | 35,016 | 35,016 | 35,016 |
24,106 | 24,922 | 24,207 | 24,531 |
59,122 | 59,938 | 59,223 | 59,547 |
61,547 | 62,874 | 61,176 | 61,948 |
Page 4 of 23
Datapulse Technology Limited
Condensed Interim Financial Statements For The Six Months Ended 31 January 2024
C. Condensed interim statements of changes in equity
Group | ||||||||||||||||
Attributable to owners of the Company | ||||||||||||||||
Foreign | ||||||||||||||||
Fair value | currency | |||||||||||||||
Share | Treasury | adjustment | translation | Warrant | Retained | Total | ||||||||||
capital | shares | reserve | reserve | reserve | earnings | equity | ||||||||||
$'000 | $'000 | $'000 | $'000 | $'000 | $'000 | $'000 | ||||||||||
At 1 August 2023 | 35,016 | (187) | (1,047) | (5,912) | 752 | 31,316 | 59,938 | |||||||||
Total comprehensive (loss)/income | ||||||||||||||||
Profit for the period | - | - | - | - | - | 301 | 301 | |||||||||
Other comprehensive loss: | ||||||||||||||||
Foreign currency translation differences relating to foreign subsidiaries | - | - | - | (1,117) | - | - | (1,117) | |||||||||
Total other comprehensive loss for the period | - | - | - | (1,117) | - | - | (1,117) | |||||||||
Total comprehensive (loss)/income for the period | - | - | - | (1,117) | - | 301 | (816) | |||||||||
At 31 January 2024 | 35,016 | (187) | (1,047) | (7,029) | 752 | 31,617 | 59,122 | |||||||||
At 1 August 2022
Total comprehensive (loss)/income
Loss for the period
Other comprehensive income for the period:
Foreign currency translation differences relating to foreign subsidiaries Total other comprehensive income for the period
32,992 | (187) | (2,507) | (4,774) | - | 32,500 | 58,024 |
- | - | - | - | - | (693) | (693) |
- | - | - | 192 | - | - | 192 |
- | - | - | 192 | - | - | 192 |
Total comprehensive (loss)/income for the period
Transactions with owners, recognised directly in equityIssuance of warrants, net of transaction costs Exercise of warrants
At 31 January 2023
- | - | - | 192 | - | (693) | (501) |
- | - | - | - | 926 | - | 926 |
5 | - | - | - | - | - | 5 |
5 | - | - | - | 926 | - | 931 |
32,997 | (187) | (2,507) | (4,582) | 926 | 31,807 | 58,454 |
Page 5 of 23
Datapulse Technology Limited
Condensed Interim Financial Statements For The Six Months Ended 31 January 2024
C. Condensed interim statements of changes in equity
At 1 August 2023
Loss for the period, representing total comprehensive loss for the period
At 31 January 2024
At 1 August 2022
Loss for the period, representing total comprehensive loss for the period
Transactions with owners, recognised directly in equity
Issuance of warrants, net of transaction costs
Exercise of warrants
At 31 January 2023
Company
Share | Treasury | Warrant | Retained | Total | ||||||
capital | shares | reserve | earnings | equity | ||||||
$'000 | $'000 | $'000 | $'000 | $'000 | ||||||
35,016 | (187) | 752 | 23,966 | 59,547 | ||||||
- | - | - | (324) | (324) | ||||||
35,016 | (187) | 752 | 23,642 | 59,223 | ||||||
32,992 | (187) | - | 29,846 | 62,651 | ||||||
- | - | - | (342) | (342) | ||||||
- | - | 926 | - | 926 | ||||||
5 | - | - | - | 5 | ||||||
5 | - | 926 | - | 931 | ||||||
32,997 | (187) | 926 | 29,504 | 63,240 | ||||||
Page 6 of 23
Datapulse Technology Limited
Condensed Interim Financial Statements For The Six Months Ended 31 January 2024
D. Condensed interim consolidated statement of cash flows
Group | |||
6 Months Ended | |||
Note | 31.1.2024 | 31.1.2023 | |
$'000 | $'000 | ||
(Unaudited) | (Unaudited) | ||
Operating activities | |||
Profit/(loss) before taxation | 301 | (693) | |
Adjustments for: | |||
Depreciation of property, plant and equipment and right-of-use assets | 307 | 473 | |
Fair value gain on short-term investment securities | - | (15) | |
Finance costs | 5 | 20 | 27 |
Interest income | 4 | (222) | (128) |
Operating cash flows before movements in working capital | 406 | (336) | |
Changes in working capital: | |||
Trade and other receivables | 41 | (22) | |
Prepayment | (34) | (51) | |
Short-term investment securities | (73) | 2,700 | |
Trade and other payables | (93) | (69) | |
Cash generated from operations | 247 | 2,222 | |
Tax refund/(paid) | - | - | |
Net cash generated from operating activities | 247 | 2,222 | |
Investing activities | |||
Interest received | 265 | 128 | |
Loans to investee companies | - | (90) | |
Purchase of property, plant and equipment | (5) | (10) | |
Net cash generated from investing activities | 260 | 28 | |
Financing activities | |||
Interest paid | (20) | (26) | |
Proceeds from issuance of warrants, net of transaction costs | - | 926 | |
Proceeds from exercise of warrants | - | 5 | |
Repayment of bank loan | (244) | (238) | |
Repayment of lease liabilities | (32) | (31) | |
Net cash (used in)/generated from financing activities | (296) | 636 | |
Net increase in cash and cash equivalents | 211 | 2,886 | |
Cash and cash equivalents at beginning of financial period | 13,397 | 8,274 | |
Effect of exchange rate changes on balances held in foreign currency | (190) | (3) | |
Cash and cash equivalents at end of financial period | 13,418 | 11,157 | |
Page 7 of 23
Datapulse Technology Limited
Condensed Interim Financial Statements For The Six Months Ended 31 January 2024
- Notes to the condensed interim consolidated financial statements
-
Corporate information
Datapulse Technology Limited (the "Company") is a limited liability company incorporated and domiciled in
Singapore and is listed on the Mainboard of the Singapore Exchange. The registered office and principal place of business of the Company is at 10 Anson Road, #13-10 International Plaza, Singapore 079903.
These condensed interim financial statements as at and for the six months ended 31 January 2024 comprise the Company and its subsidiaries (collectively, the "Group").
The Company's principal activities are investment holding and investment trading. The principal activities of the
Group are hotel operations, investment holding, investment trading and the provision of management services. - Basis of preparation
The condensed financial statements for the six months ended 31 January 2024 have been prepared in accordance with Singapore Financial Reporting Standards (International) ("SFRS(I)") 1-34Interim Financial Reporting issued by the Accounting Standards Council Singapore. The condensed financial statements do not include all the information required for a complete set of financial statements. However, selected explanatory notes are included to explain events and transactions that are significant to an understanding of the changes in the Group's financial position and the performance of the Group since the last annual financial statements for the year ended 31 July 2023.
The condensed interim financial statements have been prepared on the historical cost basis except as otherwise described in the notes below.
The condensed interim financial statements have been prepared on a going concern basis, since the directors have verified that there are no financial, operating or other types of indicators that might cast significant doubt upon the Group's ability to meet its obligations in the foreseeable future and particularly within the twelve months from the end of the reporting period.
The condensed interim financial statements are presented in Singapore Dollars ("$") and all values in the tables are rounded to the nearest thousand ("$'000"), except when otherwise indicated.
2.1 Use of estimates and judgements
The preparation of the condensed interim financial statements in conformity with SFRS(I) requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised and in any future periods affected.
Page 8 of 23
Datapulse Technology Limited
Condensed Interim Financial Statements For The Six Months Ended 31 January 2024
- Notes to the condensed interim consolidated financial statements
-
Changes in accounting policies
There were no changes in accounting policies and methods of computation adopted in the condensed interim financial statements for the current reporting period as compared to the most recent audited annual financial statements as at 31 July 2023, except for the adoption of the new standards and amendments which became effective for financial period beginning on or after 1 August 2023. The adoption of these amendments to standards and interpretations do not have a significant impact on the condensed interim financial statements.
A number of new standards, amendments to standards and interpretations that have been issued as of the balance sheet date but are not yet effective for the year ending 31 July 2023 have not been applied in preparing the condensed interim financial statements. The adoption of these new standards, amendments to standards and interpretations are not expected to have a significant impact on the Group's condensed interim financial statements. - Seasonal operations
The Group's businesses are not affected significantly by seasonal or cyclical factors during the financial period. - Segment Information
The Group is organised into the following main business segments: - Investment holding;
- Investments;
- Provision of asset management services; and
- Hotel operations
Management monitors the operating results of its business segments separately for the purpose of making decisions about resource allocation and performance assessment.
Page 9 of 23
Datapulse Technology Limited
Condensed Interim Financial Statements For The Six Months Ended 31 January 2024
- Notes to the condensed interim consolidated financial statements
3. Revenue
Group | ||||||||
6 Months Ended | ||||||||
Note | 31.1.2024 | 31.1.2023 | ||||||
$'000 | $'000 | |||||||
Revenue from contracts with customers | (a) | 3,129 | 1,613 | |||||
Dividend income from equity investments at | ||||||||
fair value through profit or loss ("FVPL") | - | 33 | ||||||
Interest income on bond investments at FVPL | 9 | 9 | ||||||
3,138 | 1,655 | |||||||
(a) Disaggregation of revenue: | ||||||||
Total revenue from | ||||||||
contracts with | ||||||||
Segments | Hotel | Asset management | customers | |||||
6 Months Ended | 31.1.2024 | 31.1.2023 | 31.1.2024 | 31.1.2023 | 31.1.2024 | 31.1.2023 | ||
$'000 | $'000 | $'000 | $'000 | $'000 | $'000 | |||
Primary geographical markets | ||||||||
Singapore | - | - | 180 | 100 | 180 | 100 | ||
Korea | 2,949 | 1,513 | - | - | 2,949 | 1,513 | ||
2,949 | 1,513 | 180 | 100 | 3,129 | 1,613 | |||
Major revenue streams | ||||||||
Hotel operations revenue | ||||||||
- Room | 2,862 | 1,456 | - | - | 2,862 | 1,456 | ||
- Food and beverage | 47 | 20 | - | - | 47 | 20 | ||
- Others | 40 | 37 | - | - | 40 | 37 | ||
Asset management fees | - | - | 180 | 100 | 180 | 100 | ||
2,949 | 1,513 | 180 | 100 | 3,129 | 1,613 | |||
4. | Other income | |||||||
Group | ||||||||
6 Months Ended | ||||||||
31.1.2024 | 31.1.2023 | |||||||
$'000 | $'000 | |||||||
Fair value gain on short-term investments at FVPL | - | 15 | ||||||
Interest income | 222 | 128 | ||||||
222 | 143 | |||||||
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Datapulse Technology Ltd. published this content on 07 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 March 2024 03:18:08 UTC.