UOS.AX
UNITED OVERSEAS AUSTRALIA LTD
ACN 009 245 890
Suite B1, 661 Newcastle Street, LEEDERVILLE WA 6007 '
P.O. Box 51, Leederville, W.A. 6902
Tel: (+618) 9217 9800 • Fax: (+618) 9217 9899
ASX Announcement
30 August 2021
RELEASE OF UNREVIEWED HALF YEAR RESULTS
AND INTERIM DIVIDEND ADVICE
Release of Unreviewed Half Year Results
The Board of United Overseas Australia Ltd (ASX:UOS, "Company") has considered the impact of COVID-19 on preparation of the half year results due to various control measures that have been in place in Kuala Lumpur, Malaysia, where the Group's financial reports are maintained and collated.
The Company advises it will be relying on the Amended ASIC Relief and Class Waiver Decision of ASX giving effect to the Relief to present the Group's reviewed half-year accounts once the review of the financial reports have been completed after 31 August 2021.
The Company attaches the information required by Appendix 4D together with the unreviewed half-year accounts as required by the Class Waiver Decision, and undertakes to advise the market immediately if it becomes aware of any material differences between the unreviewed financial statements and the reviewed financial statements.
Interim Dividend
The Board has considered the trading results of the Group for the half year noting the impact and continued uncertainty of the COVID-19 pandemic on the Group, particularly its hospitality business operations, together with the cash requirements of the Group to continue its projects in Vietnam and Malaysia.
The Board has determined it would be prudent to continue to conserve its cash reserves for use within the Group's operations. Although the direction that the pandemic will take remains unpredictable, the Board continues to believe the Group has the financial resources to withstand the impact for the foreseeable future.
The Directors thank the Company's members for their understanding and continued support at this time.
For further enquiries, please contact:
Mr Stuart Third
Company Secretary
[email protected] +61 (0)8 9217 9800
+61 413 946 935
MALAYSIAN OFFICE:
UOA Corporate Tower
Lobby A, Avenue 10, The Vertical, Bangsar South City
No. 8, Jalan Kerinchi, 59200 KUALA LUMPUR
Tel: (+603) 2245 9188 • Fax: (+603) 2245 9128
UNITED OVERSEAS AUSTRALIA LTD Half-Year Report - 30 June 2021
1
APPENDIX 4D
Name of entity
ACN or equivalent company reference Current reporting period
Previous reporting period
UNITED OVERSEAS AUSTRALIA LTD 009 245 890
Half year ended 30 June 2021 Half year ended 30 June 2020
Results for announcement to the market
$'000
Revenue from ordinary activities
Down
37.42%
to
116,438
Profit from ordinary activities after tax attributable to members
Down
31.34%
to
16,686
Net profit for the year attributable to members
Down
31.34%
to
16,686
Dividends
Amount
Franked amount
per security
per security
Current period
Final dividend for the year ended 31 December 2020
2.0¢
0¢
- paid on 4 June 2021
Previous corresponding period
Final dividend for the year ended 31 December 2019
2.0¢
0¢
- paid on 6 June 2020
Brief explanation of the figures reported above
Please refer to the Review and Results of Operations section of the Directors' Report for further comment.
The information in the Half Year Report should be read in conjunction with the details and explanations provided herewith, along with the most recent Annual Report.
Net tangible assets per share
Current
Previous corresponding
period
period
Net tangible assets per share
100.68 ¢
103.22 ¢
UNITED OVERSEAS AUSTRALIA LTD Half-Year Report - 30 June 2021
2
Dividends
Franked
amount per
Amount per
Amount
security at %
security of foreign
per security
tax
source dividend
Final dividend for the year ended 31 December 2020
2.0¢
Nil
Nil
Interim dividend for the year ending 31 December 2021
Nil
Nil
Nil
Record date for determining entitlements to the dividend
15 October 2019
Payment date for interim dividend
6 November 2019
Dividend reinvestment plans
The Company's dividend reinvestment plans are in operation.
The last date for the receipt of an election notice for dividend reinvestment plans.
22 October 2019
Control gained or lost over entities having material effect
On 17 May 2021, the Group acquired a 51% equity interest in Tong Xin Tang Healthcare International Sdn Bhd ("TXT") for a consideration of $99,843. TXT is in the business of operating a Chinese medical, acupuncture and physiotherapy care centre and a dealer in Chinese medicine.
Details of Associates and Joint Venture Entities
Name of entities
Percentage of holding %
Profit/(loss) contribution
$'000
30 June 2021
30 June 2020
30 June 2021
30 June 2020
Advanced Informatics & Management
30
30
-
-
Centre Sdn Bhd
Asli Security Services Sdn Bhd
30
30
(7)
3
Dats Management Sdn Bhd
49
49
101
62
Audit review
This report is based on the financial statements which have not yet been reviewed by the auditor as the Group is relying on the extended time period permitted by ASIC and ASX for the lodgement of the reviewed reports. The Group does not expect any material changes during completion of the audit review to the information contained in this report, but will immediately inform the market of any such changes should they occur.
UNITED OVERSEAS AUSTRALIA LTD Half-Year Report - 30 June 2021
3
UNITED OVERSEAS AUSTRALIA LTD
A.C.N. 009 245 890
HALF-YEAR REPORT
30 June 2021
(SUBJECT TO AUDIT REVIEW)
UNITED OVERSEAS AUSTRALIA LTD Half-Year Report - 30 June 2021
4
CONTENTS
CORPORATE INFORMATION
DIRECTORS' REPORT
FINANCIAL REPORT
DIRECTOR'S DECLARATION
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
STATEMENT OF FINANCIAL POSITION
STATEMENT OF CASH FLOWS
STATEMENT OF CHANGES IN EQUITY
NOTES TO AND FORMING PART OF THE FINANCIAL REPORT
INDEPENDENT AUDIT REVIEW REPORT
This is an excerpt of the original content. To continue reading it, access the original document here.
Disclaimer
UOA - United Overseas Australia Limited published this content on 30 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2021 09:51:09 UTC.