- Investor Relations (IR)
- 2022.06.21
Notification of Parent Company’s Financial Results
#Company Information・Management
#Investor Relations
#timely disclosure
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June 21, 2022
Company:Nippon Paint Holdings Co., Ltd. Representative:Yuichiro Wakatsuki
Director, Representative Executive Officer & Co-President
Wee Siew Kim
Director, Representative Executive Officer & Co-President
(Code No.: 4612; TSE Prime) Contact:Ryosuke Tanaka
General Manager, Investor Relations and Sustainability
(TEL +81-50-3131-7419)
Notification of Parent Company’s Financial Results
Nippon Paint Holdings Co., Ltd. (the “Company”) announces the FY2021 financial results of its Parent Company, Nipsea International Limited.
1. Corporate Overview
| (1) Company Name | Nipsea International Limited |
|---|---|
| (2) Address | Suites 3203 and 3204, 32nd Floor, Tower 2, Nina Tower, No.8 Yeung Uk Road, Tsuen Wan, New Territories, Hong Kong, China |
| (3) Representative | Director, Leung Ho Foon |
| (4) Main business | Investment Business |
| (5) Capital | HK $1,450 million |
2. Status of Shares of Nipsea International Limited
(1) Status, by Type of Holder
(As of December 31, 2021)
| Classification | Shares | Number of fractional shares (shares) | |||||||
Govern- ments / Local Governments | Financial institutions | Financial instruments operators | Other corporations | Foreign corporations, etc. | Individuals & Others | Total | |||
| Excl. individuals | Individuals | ||||||||
| Number of shareholders (persons) | - | - | - | - | 1 | - | - | 1 | - |
| Number of shares held (shares) | - | - | - | - | 1,450,000,000 | - | - | 1,450,000,000 | - |
| Percentage of shares held (%) | - | - | - | - | 100.00 | - | - | 100.00 | - |
(2) Major Shareholders
(As of December 31, 2021)
| Name or trade name | Address | Number of shares held (shares) | Percentage to total number of shares issued (%) |
| Nipsea Holdings International Limited | Suites 3203 and 3204, 32nd Floor, Tower 2, Nina Tower, No.8 Yeung Uk Road, Tsuen Wan, New Territories, Hong Kong, China | 1,450 million | 100.00 |
| Total | － | 1,450 million | 100.00 |
3. Board of Directors
(As of filing date)
| Responsi-bilities | Name | Date of birth | Brief profile | Number of shares held (shares) |
| Director | Leung Ho Foon | Oct. 9, 1949 |
| － |
| Director | Goh Hup Jin | Apr. 6, 1953 |
| － |
| Director | Lavoo Martin Yuen An | Feb. 12, 1987 |
| － |
| Director | Sim Gaik Heok | Aug. 22, 1967 |
| － |
| Director | Ng Kwok Kam Cecilia | Feb. 25, 1967 |
| － |
4. Financial Statements
(1) Balance Sheet
(Unit: one thousand HKD)
| Line item | FY2021 | FY2020 |
|
|
|
| 109,931,111 | 108,046,748 | |
|
|
|
| 489,175 | 267,256 | |
|
|
|
| 91,088,290 | 13,055,363 | |
| (90,599,115) | (12,788,106) |
| 19,331,996 | 95,258,641 |
|
|
|
| 19,331,996 | 95,258,641 |
Note: Amounts are rounded down.
(2) Statement of profit or loss and other comprehensive income
(Unit: one thousand HKD)
| FY2021 | FY2020 | |
| Revenue | 657,271 | 415,512 |
| Other income | 236 | 2,918 |
| Administrative expenses | (4,031) | (4,064) |
| Other operating expenses | (17,709) | (7,803) |
| Fair value (loss)/gain on investment in an associate | (19,330,095) | 56,622,541 |
| Impairment loss on investment in a subsidiary | (57,199,454) | - |
| (Loss)/profit before taxation | (75,893,781) | 57,029,104 |
| Income tax | (32,863) | (20,775) |
| (Loss)/profit and other comprehensive (loss)/income for the year | (75,926,645) | 57,008,328 |
Note: Amounts are rounded down.
(3) Statement of cash flows
(Unit: one thousand HKD)
| FY2021 | FY2020 | |
|
|
|
|
|
|
| Cash generated from operations | 78,667,730 | 177,232 |
| Withholding tax paid | (32,863) | (20,775) |
| Net cash generated from operating activities | 78,634,867 | 156,456 |
|
|
|
| Net cash (used in)/generated from investing activities | (78,413,731) | 2,267 |
| Net increase in cash and cash equivalents | 221,135 | 158,724 |
| Cash and cash equivalents at January 1 | 249,334 | 90,609 |
| Cash and cash equivalents at December 31 | 470,469 | 249,334 |
| ||
| Time deposit with banks with maturity within 3 months | 40,852 | 221,883 |
| Cash and bank balances | 429,616 | 27,450 |
| Cash and cash equivalents at December 31 | 470,469 | 249,334 |
Note: Amounts are rounded down.