Financial Report Analysis: Spackman Entertainment Group Limited
Company Overview
Spackman Entertainment Group Limited is a Singapore-based company listed on the Singapore Exchange Securities Trading Limited (SGX-ST). The company operates in the entertainment industry and provides various services.
Business Description
The company’s core business operations, business segments, and geographic footprint are not explicitly stated in the report. However, based on the information provided, it appears that Spackman Entertainment Group Limited is involved in the entertainment industry, with a presence in Singapore and possibly other countries.
Industry Position and Competitors
The report does not provide detailed information about the company’s position within the industry, its competitors, or market share. However, it mentions that the company has an associated company, Spackman Media Group Limited.
Revenue Streams, Customer Base, and Supply Chain
The report does not provide specific information about the company’s revenue streams, customer base, or supply chain.
Financial Statement Analysis
Income Statement
The company’s net impairment loss on financial assets decreased by 50.73% to $239,000 (from $485,000 to $485 – $239 = $ 485 – $ 239 ).
Other expenses increased by 11.67% to $3,069,000.
The share of results of associated companies increased by 16.70% to $551,000.
Balance Sheet
Non-current assets decreased by $651,000 (or 3.35%) to $18,763,000.
Current liabilities decreased by $650,000 (or 49.76%) to $656,000.
Equity decreased by $106,000 (or 353.29%) to -$76,000.
Cash Flow Statement
No information is provided about the company’s cash flow.
Key Findings and Recommendations
Based on the report, here are the key findings and recommendations:
Key Findings
The company’s unaudited financial statements have been adjusted, resulting in material variances.
The variances are mainly due to changes in non-current assets, current liabilities, and equity.
The company has a lower share of loss from its associated company, Spackman Media Group Limited.
Recommendations
For Current Investors:
Hold: The company’s financial performance has improved in certain areas, such as a decrease in net impairment loss on financial assets.
However, the decrease in non-current assets and equity, and the increase in other expenses, may be a cause for concern.
For Potential Investors:
Exercise Caution: The company’s financial performance has been impacted by material variances, which may indicate a higher level of risk.
The decrease in non-current assets and equity, and the increase in other expenses, may be a sign of instability.
Disclaimer: This recommendation is based solely on the information provided in the report and should not be considered as investment advice.
Date of Report: 15 April 2025
Financial Year: 2024
Dividend and Earnings: No dividend or earnings per share information is provided in the report.
Special Activity or Action: The company has taken certain actions to improve its profitability, such as recognizing an additional impairment loss of $58,929 on copyright and reclassifying allowance for doubtful debts.
Recommendation:
If you are currently holding this stock:
Monitor the situation closely: The material variances and changes in financial statements may indicate a higher level of risk.
Consider selling or reducing your position if you are not comfortable with the company’s financial performance.
If you are not currently holding this stock:
Exercise Caution: The company’s financial performance has been impacted by material variances, which may indicate a higher level of risk.
Do your own research and consider consulting with a financial advisor before making any investment decisions.
Report Details:
Date: 15 April 2025
Financial Year: 2024
Type of Report: Material variances between unaudited financial statements and audited financial statements.
HTML Summary:
Financial Report Analysis: Spackman Entertainment Group Limited
Company Overview
The company operates in the entertainment industry.
Industry Position and Competitors
The company’s position within the industry and its competitors are not explicitly stated.
Revenue Streams, Customer Base, and Supply Chain
No information is provided about the company’s revenue streams, customer base, or supply chain.
Financial Statement Analysis
Income Statement
* Net impairment loss on financial assets decreased by 50.73%. * Other expenses increased by 11.67%.
Balance Sheet
* Non-current assets decreased by \$651,000 (or 3.35%). * Current liabilities decreased by \$650,000 (or 49.76%).
Cash Flow Statement
No information is provided.
Key Findings and Recommendations
The company’s financial performance has improved in certain areas.
However, the material variances and changes in financial statements may indicate a higher level of risk.
Recommendation:
If you are currently holding this stock, monitor the situation closely and consider selling or reducing your position if you are not comfortable with the company’s financial performance.
If you are not currently holding this stock, exercise caution and do your own research before making any investment decisions.
This analysis is based solely on the information provided in the report and should not be considered as investment advice.
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