RCE Capital Berhad

Registration No: 195301000151 (2444-M)

Interim Financial Report

Incorporated in Malaysia

for 1st Quarter Ended 30 June 2023

SUMMARY OF KEY FINANCIAL INFORMATION FOR THE FINANCIAL PERIOD ENDED 30 JUNE 2023

INDIVIDUAL QUARTER

CUMULATIVE QUARTER

30.06.2023

30.06.2022

30.06.2023

30.06.2022

RM'000

RM'000

RM'000

RM'000

1.

Revenue

83,970

77,661

83,970

77,661

2.

Profit before tax

48,991

42,887

48,991

42,887

3.

Profit for the financial period

36,878

32,227

36,878

32,227

4.

Profit attributable to

ordinary equity holders

of the Company

36,878

32,227

36,878

32,227

5.

Basic earnings per

ordinary share (sen)

5.03

4.40

5.03

4.40

6.

Proposed/Declared dividend

per share (sen)

-

-

-

-

AS AT END OF

AS AT PRECEDING

CURRENT

FINANCIAL

QUARTER

YEAR END

7. Net assets per share attributable to ordinary equity holders of

the Company (RM)

1.07

1.10

INDIVIDUAL QUARTER

CUMULATIVE QUARTER

30.06.2023

30.06.2022

30.06.2023

30.06.2022

RM'000

RM'000

RM'000

RM'000

8.

Gross interest income

4

70

4

70

9.

Gross interest expense

53

57

53

57

RCE Capital Berhad

Registration No: 195301000151 (2444-M)

Interim Financial Report

Incorporated in Malaysia

for 1st Quarter Ended 30 June 2023

CONDENSED STATEMENT OF COMPREHENSIVE INCOME

INDIVIDUAL QUARTER

CUMULATIVE QUARTER

3 MONTHS ENDED

3 MONTHS ENDED

30.06.2023

30.06.2022

30.06.2023

30.06.2022

RM'000

RM'000

RM'000

RM'000

Profit income

71,083

69,227

71,083

69,227

Other revenue

12,887

8,434

12,887

8,434

Revenue

83,970

77,661

83,970

77,661

Other income

8,522

5,611

8,522

5,611

Profit expense applicable to revenue

(24,921)

(20,339)

(24,921)

(20,339)

Directors' remuneration and staff costs

(7,093)

(6,078)

(7,093)

(6,078)

Allowances for impairment loss on

receivables, net

(4,717)

(8,197)

(4,717)

(8,197)

Depreciation of plant and equipment and

right-of-use ("ROU") assets

(914)

(846)

(914)

(846)

Other expenses

(5,803)

(4,868)

(5,803)

(4,868)

Finance costs

(53)

(57)

(53)

(57)

Profit before tax

48,991

42,887

48,991

42,887

Income tax expense

(12,113)

(10,660)

(12,113)

(10,660)

Total comprehensive income

for the financial period

36,878

32,227

36,878

32,227

Attributable to:

Owners of the Company

36,878

32,227

36,878

32,227

Earnings per ordinary share (sen):

Basic

5.03

4.40

5.03

4.40

Diluted

5.02

4.39

5.02

4.39

The Condensed Statement of Comprehensive Income should be read in conjunction with the audited financial statements of the Company for the financial year ended 31 March 2023 and the accompanying explanatory notes attached to the interim financial report.

RCE Capital Berhad

Registration No: 195301000151 (2444-M)

Interim Financial Report

Incorporated in Malaysia

for 1st Quarter Ended 30 June 2023

AS AT

AS AT

30.06.2023

31.03.2023

RM'000

RM'000

ASSETS

Non-Current Assets

Plant and equipment

6,724

7,241

ROU assets

4,376

4,664

Goodwill on consolidation

47,333

47,333

Financing receivables

1,701,085

1,677,871

Deferred tax assets

36,319

38,575

Total Non-Current Assets

1,795,837

1,775,684

Current Assets

Financing receivables

224,427

221,541

Trade receivables

53,217

53,918

Other receivables, deposits and prepaid expenses

17,137

16,021

Deposits with licensed financial institutions

851,930

799,886

Cash and bank balances

83,615

79,781

Total Current Assets

1,230,326

1,171,147

TOTAL ASSETS

3,026,163

2,946,831

EQUITY AND LIABILITIES

Equity attributable to owners of the Company

Share capital

201,917

201,917

Treasury shares

(4,948)

(4,948)

Reserves

590,152

608,690

Total Equity

787,121

805,659

Non-Current Liabilities

Payables and accrued expenses

780

780

Hire-purchase payables

1,073

1,160

Financing liabilities

1,302,247

1,308,538

Lease liabilities

1,789

2,025

Deferred tax liabilities

1,212

1,111

Total Non-Current Liabilities

1,307,101

1,313,614

Current Liabilities

Payables and accrued expenses

29,214

35,470

Hire-purchase payables

357

379

Financing liabilities

894,717

783,006

Lease liabilities

927

915

Tax liabilities

6,726

7,788

Total Current Liabilities

931,941

827,558

Total Liabilities

2,239,042

2,141,172

TOTAL EQUITY AND LIABILITIES

3,026,163

2,946,831

NET ASSETS PER SHARE (RM)

1.07

1.10

The Condensed Statement of Financial Position should be read in conjunction with the audited financial statements of the Company for the financial year ended 31 March 2023 and the accompanying explanatory notes attached to the interim financial report.

RCE Capital Berhad

Registration No: 195301000151 (2444-M)

Interim Financial Report

Incorporated in Malaysia

for 1st Quarter Ended 30 June 2023

CONDENSED STATEMENT OF CHANGES IN EQUITY

Reserves

Employees'

Share

Share

Treasury

Scheme

Retained

Total

Capital

Shares

("ESS")

Earnings

Reserves

Total

RM'000

RM'000

RM'000

RM'000

RM'000

RM'000

As at 1 April 2022

200,697

(4,948)

3,467

672,852

676,319

872,068

Total comprehensive income

-

-

-

32,227

32,227

32,227

Transactions with owners

Dividends

-

-

-

(29,287)

(29,287)

(29,287)

Options under ESS exercised

-

-

(464)

27

(437)

(437)

Issuance of shares pursuant to

options exercised

454

-

-

-

-

454

Cancellation of options

-

-

(5)

5

-

-

Total transactions with owners

454

-

(469)

(29,255)

(29,724)

(29,270)

As at 30 June 2022

201,151

(4,948)

2,998

675,824

678,822

875,025

As at 1 April 2023

201,917

(4,948)

1,187

607,503

608,690

805,659

Total comprehensive income

-

-

-

36,878

36,878

36,878

Transactions with owners

Dividends

-

-

-

(51,300)

(51,300)

(51,300)

Options under ESS exercised

-

-

(1,113)

(3,003)

(4,116)

(4,116)

Total transactions with owners

-

-

(1,113)

(54,303)

(55,416)

(55,416)

As at 30 June 2023

201,917

(4,948)

74

590,078

590,152

787,121

The Condensed Statement of Changes in Equity should be read in conjunction with the audited financial statements of the Company for the financial year ended 31 March 2023 and the accompanying explanatory notes attached to the interim financial report.

RCE Capital Berhad

Registration No: 195301000151 (2444-M)

Interim Financial Report

Incorporated in Malaysia

for 1st Quarter Ended 30 June 2023

CONDENSED STATEMENT OF CASH FLOWS

CUMULATIVE

CUMULATIVE

QUARTER

QUARTER

30.06.2023

30.06.2022

RM'000

RM'000

CASH FLOWS FROM OPERATING ACTIVITIES

Profit before tax

48,991

42,887

Adjustments for:

Allowances for impairment loss on receivables, net

4,717

8,197

Depreciation of plant and equipment and ROU assets

914

846

Finance costs

53

57

Profit and interest income from deposits with licensed

financial institutions

(6,681)

(3,550)

Operating profit before working capital changes

47,994

48,437

(Increase)/Decrease in working capital:

Financing receivables

(30,837)

(30,553)

Trade receivables

721

53

Other receivables, deposits and prepaid expenses

206

76

Increase in working capital:

Payables and accrued expenses

73

7,924

Cash generated from operations

18,157

25,937

Taxes paid

(10,260)

(9,673)

Net cash generated from operating activities

7,897

16,264

CASH FLOWS FROM INVESTING ACTIVITIES

Profit and interest income from deposits with licensed

financial institutions received

6,681

3,550

Additions to plant and equipment

(115)

(579)

Net cash generated from investing activities

6,566

2,971

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RCE Capital Bhd published this content on 14 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 August 2023 11:02:02 UTC.