ALLIANCE FINANCE : QUARTERLY FINANCIAL 31/12/2022

Financial Statements

for the Nine Months Ended

31st December 2022

The first financial institution in South Asia to receive the SSCI Certification,the world's first measurable and certifiable standard for value driven financial institutions with holistic

sustainability integration to the business.

Alliance Finance Company PLC

Statement of Profit or Loss - Company

	For the Quarter ended		For the Nine months ended
For the period ended 31st December	2022	2021		2022	2021
	(unaudited)		(unaudited)	Variance	(unaudited)		(unaudited)	Variance
	Rs.		Rs.	%	Rs.		Rs.	%
Gross Income	3,251,173,097	2,242,700,073	45	9,153,397,685	5,957,857,559	54
Interest income	3,161,285,187	2,047,032,081	54	8,774,521,564	5,488,727,928	60
Interest expenses	(2,133,716,638)		(674,047,494)	(217)	(5,209,283,095)		(1,864,821,532)	(179)
Net Interest Income	1,027,568,549	1,372,984,587	(25)	3,565,238,469	3,623,906,396	(2)
Fee and commission income	27,888,642	70,392,916	(60)	127,513,445	171,242,516	(26)
Fee and commission expenses	(55,274,763)		(62,637,355)	12	(190,768,131)		(174,001,161)	(10)
Net Fee and Commission Income	(27,386,121)	7,755,561	(453)	(63,254,686)	(2,758,645)	(2,193)
Net gain/(loss) from trading	1,250,430	1,301,765	(4)	29,796,303	2,843,902	948
Other operating income (net)	60,748,838		123,973,311	(51)	221,566,373		295,043,213	(25)
Total Operating Income	1,062,181,696	1,506,015,224	(29)	3,753,346,459	3,919,034,866	(4)
Impairment (charges) / reversal for loans and	(86,172,637)	285,156,505	(130)	(515,451,610)	(85,760,607)	(501)
other losses
Net Operating Income	976,009,059	1,791,171,729	(46)	3,237,894,849	3,833,274,259	(16)
Operating Expenses
Personnel expenses	(279,530,190)	(326,279,890)	14	(877,863,718)	(814,944,826)	(8)
Other operating expenses	(471,372,799)	(547,172,960)	14	(1,405,666,772)	(1,313,140,020)	(7)
Depreciation and amortization	(40,930,471)		(31,998,136)	(28)	(120,260,448)		(92,298,127)	(30)
Total operating expenses	(791,833,460)	(905,450,986)	13	(2,403,790,938)	(2,220,382,973)	(8)
Operating Profit before Taxes on Financial
Services	184,175,599	885,720,743	(79)	834,103,911	1,612,891,286	(48)
Taxes on financial services	(66,120,662)	(141,689,168)	53	(290,239,275)	(298,394,947)	3
Operating Profit after Taxes on Financial
Services	118,054,937	744,031,575	(84)	543,864,636	1,314,496,339	(59)
Share of profit/(loss) from associates	8,182,833		3,758,307	118	29,918,700		3,885,262	670
Profit before Taxation from Operations	126,237,770	747,789,882	(83)	573,783,336	1,318,381,601	(56)
Provision for income taxation	(78,692,730)		(263,793,917)	70	(321,595,501)		(483,521,795)	33
Profit for the Period	47,545,040		483,995,965	(90)	252,187,835		834,859,806	(70)
Basic/ Diluted earnings per share (Annualised)	5.64	57.45		9.98	33.03
Dividend Per Share paid (Rs./Cts.)					8.00	5.50

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Alliance Finance Company PLC

Statement of Profit or Loss - Group

	For the Quarter ended		For the Nine months ended
For the period ended 31st December	2022	2021		2022	2021
	(unaudited)		(unaudited)	Variance	(unaudited)		(unaudited)	Variance
	Rs.		Rs.	%	Rs.		Rs.	%
Gross Income	3,260,477,223	2,265,099,773	44	9,220,001,371	6,017,237,497	53
Interest income	3,164,587,452	2,048,151,963	55	8,781,476,836	5,491,780,718	60
Interest expenses	(2,129,456,226)		(674,047,494)	(216)	(5,198,878,864)		(1,864,821,532)	(179)
Net Interest Income	1,035,131,226	1,374,104,469	(25)	3,582,597,972	3,626,959,186	(1)
Fee and commission income	47,261,668	89,473,450	(47)	190,654,730	224,954,255	(15)
Fee and commission expenses	(55,274,763)		(62,637,355)	12	(190,768,131)		(174,001,155)	(10)
Net Fee and Commission Income	(8,013,095)	26,836,095	(130)	(113,401)	50,953,100	(100)
Net gain/(loss) from trading	1,299,119	1,301,765	(0)	31,708,787	2,843,902	1,015
Other operating income (net)	47,328,984		126,172,595	(62)	216,161,018		297,658,622	(27)
Total Operating Income	1,075,746,234	1,528,414,924	(30)	3,830,354,376	3,978,414,810	(4)
Impairment (charges) / reversal for loans and	(86,172,637)	285,156,505	(130)	(515,451,610)	(85,760,647)	(501)
other losses
Net Operating Income	989,573,597	1,813,571,429	(45)	3,314,902,766	3,892,654,163	(15)
Operating Expenses
Personnel expenses	(228,841,440)	(330,484,544)	31	(887,075,494)	(824,853,014)	(8)
Other operating expenses	(529,128,650)	(548,994,295)	4	(1,414,388,745)	(1,318,114,489)	(7)
Depreciation and amortization	(41,101,155)		(32,237,369)	(27)	(120,772,505)		(92,630,732)	(30)
Total operating expenses	(799,071,245)	(911,716,208)	12	(2,422,236,744)	(2,235,598,235)	(8)
Operating Profit before Taxes on Financial
Services	190,502,352	901,855,221	(79)	892,666,022	1,657,055,928	(46)
Taxes on financial services	(66,120,662)	(141,689,168)	53	(290,239,275)	(298,394,947)	3
Operating Profit after Taxes on Financial
Services	124,381,690	760,166,053	(84)	602,426,747	1,358,660,981	(56)
Share of profit/(loss) from associates	8,182,833		3,758,307	118	29,918,700		3,885,262	670
Profit before Taxation from Operations	132,564,523	763,924,360	(83)	632,345,447	1,362,546,243	(54)
Provision for income taxation	(84,057,046)		(267,787,175)	69	(343,028,272)		(494,378,026)	31
Profit for the Period	48,507,477	496,137,185	(90)	289,317,175	868,168,217	(67)
Profit attributable to :
Equity holders of the Company	42,396,736	491,806,062	(91)	268,936,680	856,157,192	(69)
Non controlling interest	6,110,741		4,331,123	41	20,380,495		12,011,025	70
Profit for the Period	48,507,477		496,137,185	(90)	289,317,175		868,168,217	(67)
Basic/ Diluted earnings per share (Annualised)	5.76	58.90		11.45	33.88
Dividend Per Share paid (Rs./Cts.)	-	-		-	5.50

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Alliance Finance Company PLC

Statement of Comprehensive Income - Company

	For the Quarter ended		For the Nine months ended
For the period ended 31st December	2022	2021		2022	2021
	(unaudited)		(unaudited)	Variance	(unaudited)		(unaudited)	Variance
	Rs.		Rs.	%	Rs.		Rs.	%
Profit for the period	47,545,040	483,995,965	(90)	252,187,835	834,859,806	(70)
Other Comprehensive Income

Other Comprehensive Income not to be Reclassified to Profit or Loss

Actuarial gains /( losses ) on defined benefit

Deferred tax effect on above

Equity investments at FVOCI -net change in fair value & realized profit/ (loss) to retained earnings

Net Other Comprehensive Income not be Classified to Profit or Loss

Total Comprehensive Income for the period

-	(108,739,004)	(100)	-	(108,739,004)
-	26,097,361	(100)	-	26,097,361
(46,461,099)	(27,058,058)	72	(21,900,749)	(25,517,986)	(14)
(46,461,099)	(109,699,701)	(58)	(21,900,749)	(108,159,629)	(80)
1,083,940	374,296,264	(100)	230,287,086	726,700,178	(68)

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Alliance Finance Company PLC

Statement of Comprehensive Income - Group

	For the Quarter ended		For the Nine months ended
For the period ended 31st December	2022	2021		2022	2021
	(unaudited)		(unaudited)	Variance	(unaudited)		(unaudited)	Variance
	Rs.		Rs.	%	Rs.		Rs.	%
Profit for the period	48,507,477	496,137,185	(90)	289,317,175	868,168,217	(67)
Other Comprehensive Income
Other Comprehensive Income not to be
Reclassified to Profit or Loss
Actuarial gains /( losses ) on defined benefit		(108,739,004)			(108,739,004)
plans	-		-
Deferred tax effect on above	-	26,097,361		-	26,097,361
Equity investments at FVOCI -net change in fair
value & realized profit/ (loss) to retained	(46,461,099)	(27,058,058)	72	(21,900,749)	(25,517,986)	(14)
earnings
Net Other Comprehensive Income not be
Classified to Profit or Loss	(46,461,099)		(109,699,701)	(58)	(21,900,749)		(108,159,629)	(80)
Total Comprehensive Income for the period	2,046,378	386,437,484	(99)	267,416,426	760,008,588	(65)
Attributable to:
Equity holders of the company	(63,955,892)	382,106,360	(117)	187,144,402	747,997,562	(75)
Non controlling interest	66,002,270		4,331,124	1,424	80,272,024		12,011,025	568
Total Comprehensive Income for the period	2,046,378	386,437,484	(99)	267,416,426	760,008,588	(65)

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