RENUKA FOODS PLC RENUKA FOODS PLC
INTERIM FINANCIAL STATEMENTS - FOR THE PERIOD ENDED
31st DECEMBER 2022
CONTENT: Operational Review-2 Statement of Profit or Loss and Other Comprehensive Income-3
Statement of Financial Position -4
Statement of Changes in Equity-5 Statement of Cash Flow-6 Segment Analysis-7
Notes to the Financial Statements-8-9 20 Top Shareholders- 10 Corporate Information-11
Operational Review
Interim Financial Statements for the Period Ended 31st December 2022
Analysis on Statement of Financial Position
Total Assets
Total Assets of the Group have increased by Rs. 3,075 Mn from Rs. 10,858 Mn as at 31st March 2022 to Rs. 13,933 Mn as at 31st December 2022. Total Non Current Assets were Rs. 6,538 Mn and Total Current Assets were Rs. 7,394 Mn as at 31st December 2022.
Equity Attributable to Parent Company's Shareholders
Equity attributable to Parent Company's Shareholders increased by Rs. 606 Mn from Rs. 4,595 Mn as at 31st March 2022 to Rs. 5,201 Mn as at 31st December 2022.
Net Asset Value Per Share (NAVPS)
The NAVPS increased to Rs. 42.38 as at 31st December 2022 compared with Rs. 37.44 per share recorded as at 31st March 2022.
Analysis on Statement of Profit or Loss and Other Comprehensive Income
Revenue | Expenses |Profit / (Loss) After Tax
Group revenue increased by 37% to Rs. 4,393 Mn for the quarter ended 31st December 2022 compared with Rs. 3,199 Mn in the corresponding quarter of the previous year. The composition of the Group Revenue for the quarter is 30% from export revenue and 70% from local revenue.
Total direct and other operational expenses have increased by 42% to Rs. 4,102 Mn for the quarter ended 31st December 2022 compared with Rs. 2,883 Mn in the comparable period in the previous year.
Earnings Before Interest, Tax and Depreciation
The Group reported Earnings Before Interest, Tax and Depreciation for the period amounting to Rs. 477 Mn for the quarter ended 31st December 2022 compared with the Rs. 474 Mn reported in the corresponding quarter of the previous year.
Profit / (Loss) After Tax
The Group reported a losses for the period amounting to Rs. 15 Mn for the quarter ended 31st December 2022 compared with the profit of Rs. 306 Mn reported in the corresponding quarter of the previous year.
Earnings / (Loss) Per Share
Loss per Share was Rs. 0.17 for the quarter ended 31st December 2022, compared with earnings per Share of Rs. 1.96 in the corresponding quarter of the previous year.
Page 2 of 11 | INTERIM FINANCIAL STATEMENTS |
RENUKA FOODS PLC
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 31ST DECEMBER
Revenue
Cost of Sales
Gross Profit
Other Income
Administrativ e Expenses
Selling & Distribution Ex penses
Operating Profit / (Loss)
Finance Income
Finance Costs
Net Finance Income / (Cost)
Profit / (Loss) before Tax
Tax ation
Profit / (Loss) for the period
Other Comprehensive Income / (Expense)
Total Comprehensive Income / (Expense) for the period
Profit / (Loss) Attributable to :
Owners of the Company
Non Controlling Interest
Profit / (Loss) for the period
Total Comprehensive Income / (Expense) attributable to : Owners of the Company
Non Controlling Interest
Total Comprehensive Income / (Expense) for the period
Earnings / (Loss) Per Share (Rs.)
Dividend Per Share (Rs.)
1 The above figures are prov isional and subject to audit. 2 Figures in brackets indicate deductions
GROUP | |||
Rs.'000' | Rs.'000' | ||
QUARTER ENDED | PERIOD ENDED | ||
31.12.2022 | 31.12.2021 | 31.12.2022 | 31.12.2021 |
UNAUDIT ED | UNAUDITED | UNAUDITED | UNAUDITED |
4,393,113 | 3,198,583 | 13,314,935 | 7,473,558 |
(3,515,115) | (2,526,809) | (10,527,902) | (5,994,516) |
877,998 | 671,774 | 2,787,033 | 1,479,042 |
18,698 | 78,372 | 44,565 | 119,089 |
(198,428) | (140,053) | (505,234) | (393,200) |
(388,666) | (216,108) | (982,865) | (551,222) |
309,602 | 393,985 | 1,343,499 | 653,709 |
20,052 | 134 | 734,150 | 1,637 |
(332,079) | (46,628) | (1,005,217) | (100,433) |
(312,028) | (46,494) | (271,067) | (98,796) |
(2,425) | 347,491 | 1,072,432 | 554,913 |
(12,670) | (41,142) | (214,265) | (98,277) |
(15,095) | 306,349 | 858,167 | 456,636 |
- | - | - | - |
(15,095) | 306,349 | 858,167 | 456,636 |
(21,141) | 240,876 | 656,178 | 339,907 |
6,046 | 65,473 | 201,989 | 116,729 |
(15,095) | 306,349 | 858,167 | 456,636 |
(21,141) | 240,876 | 656,178 | 339,907 |
6,046 | 65,473 | 201,989 | 116,729 |
(15,095) | 306,349 | 858,167 | 456,636 |
(0.17) | 1.96 | 5.35 | 2.77 |
- | - | 0.41 | - |
COMPANY | ||||
Rs.'000' | Rs.'000' | |||
QUARTER ENDED | PERIOD ENDED | |||
31.12.2022 | 31.12.2021 | 31.12.2022 | 31.12.2021 | |
UNAUDIT ED | UNAUDIT ED | UNAUDITED | UNAUDITED | |
- | 30 | 73,160 | 129,783 | |
- | - | - | - | |
- | 30 | 73,160 | 129,783 | |
- | - | - | - | |
(1,127) | (1,326) | (5,355) | (5,264) | |
- | - | - | - | |
(1,127) | (1,296) | 67,805 | 124,519 | |
104 | 68 | 113 | 200 | |
(632) | (1,792) | (1,393) | (5,629) | |
(528) | (1,724) | (1,280) | (5,429) | |
(1,655) | (3,020) | 66,525 | 119,090 | |
- | - | (10,137) | (19,346) | |
(1,655) | (3,020) | 56,388 | 99,744 | |
- | - | - | - | |
(1,655) | (3,020) | 56,388 | 99,744 | |
(1,655) | (3,020) | 56,388 | 99,744 | |
- | - | - | - | |
(1,655) | (3,020) | 56,388 | 99,744 | |
(1,655) | (3,020) | 56,388 | 99,744 | |
- | - | - | - | |
(1,655) | (3,020) | 56,388 | 99,744 | |
(0.01) | (0.02) | 0.46 | 0.81 | |
- | - | 0.41 | - | |
Page 3 of 11 | INTERIM FINANCIAL STATEMENTS |
RENUKA FOODS PLC
ST AT EMENT OF FINANCIAL POSIT ION
GROUP | COMPANY | |||||
AS AT | 31.12.2022 | 31.03.2022 | 31.12.2022 | 31.03.2022 | ||
Rs.'000' | Rs.'000' | Rs.'000' | Rs.'000' | |||
Unaudited | Audited | Unaudited | Audited | |||
Assets | ||||||
Non-Current Assets | ||||||
Property , Plant and Equipment | 4,607,136 | 4,672,435 | - | - | ||
Right of U se Assets | 124,533 | 124,533 | - | - | ||
Inv estment Property | 320,758 | 320,758 | - | - | ||
Biological Assets | 132,455 | 120,940 | - | - | ||
Inv estment in Subsidiaries | - | - | 3,293,149 | 3,293,149 | ||
Inv estment in FVTOC I | 1,140,675 | 1,140,675 | - | - | ||
Intangible Assets and Goodw ill | 212,529 | 216,108 | - | - | ||
T otal Non-Current Assets | 6,538,086 | 6,595,449 | 3,293,149 | 3,293,149 | ||
Current Assets | ||||||
Inv entories | 3,654,302 | 1,912,174 | - | - | ||
Trade and Other Receiv ables | 2,589,011 | 1,855,027 | 250 | 332 | ||
Current Tax Assets | 6,653 | 4,086 | - | - | ||
Amounts Due from Related C ompanies | 30,271 | 10,397 | - | - | ||
Cash and C ash Equiv alents | 1,114,215 | 476,256 | 22,338 | 6,024 | ||
Assets Held for Sale | - | 4,699 | - | - | ||
T otal Current Assets | 7,394,452 | 4,262,639 | 22,588 | 6,356 | ||
T otal Assets | 13,932,538 | 10,858,088 | 3,315,737 | 3,299,505 | ||
Equity and Liabilities | ||||||
Equity | ||||||
Stated C apital | 2,241,842 | 2,241,842 | 2,241,842 | 2,241,842 | ||
Rev aluation Reserv e | 737,310 | 737,310 | - | - | ||
Retained Earnings | 2,222,093 | 1,616,235 | 1,050,087 | 1,044,019 | ||
Equity attributable to Ow ners of the C ompany | 5,201,245 | 4,595,387 | 3,291,929 | 3,285,861 | ||
Non C ontrolling Interest | 1,472,260 | 1,309,461 | - | - | ||
T otal Equity | 6,673,505 | 5,904,848 | 3,291,929 | 3,285,861 | ||
Non-Current Liabilities | ||||||
Deferred Tax Liability | 461,598 | 470,301 | - | - | ||
Interest Bearing Borrowings | 457,392 | 457,392 | - | - | ||
Lease Liabilities | 139,097 | 139,097 | - | - | ||
Retirement Benefit Obligation | 112,652 | 101,919 | - | - | ||
T otal Non-Current Liabilities | 1,170,739 | 1,168,709 | - | - | ||
Current Liabilities | ||||||
Trade and Other Pay ables | 1,860,909 | 1,432,457 | 1,968 | 2,326 | ||
Amounts Due to Related C ompanies | 1,504,385 | 37 | 10,356 | - | ||
Div idend Pay able | 11,473 | 12,109 | 5,337 | 5,088 | ||
Current Portion of Interest Bearing Borrow ings | 2,386,228 | 2,079,486 | - | - | ||
Lease Liabilities | 23,109 | 23,109 | - | - | ||
Current Tax Pay able | 220,057 | 87,677 | 6,147 | 6,145 | ||
Bank Ov erdraft | 82,133 | 149,656 | - | 85 | ||
T otal Current Liabilities | 6,088,294 | 3,784,531 | 23,808 | 13,644 | ||
T otal Liabilities | 7,259,033 | 4,953,240 | 23,808 | 13,644 | ||
T otal Equity & Liabilities | 13,932,538 | 10,858,088 | 3,315,737 | 3,299,505 | ||
Net Assets per share (Rs.) | 42.38 | 37.44 | 26.82 | 26.77 | ||
The abov e figures are prov isional and subject to audit. | ||||||
I certify that the Interim Financial Statements hav e been prepared in compliance with the requirements of the C ompanies Act N o.7 of 2007. | ||||||
Sgd. | ||||||
Dilshan Perera | ||||||
Chief Financial Officer | ||||||
The Board of Directors is responsible for the preparation and presentation of these Financial Statements. | ||||||
These Financial Statements w ere approv ed and signed for and on behalf of of the Board of Directors of Renuka Foods PLC . | ||||||
Sgd. | Sgd. | |||||
Dr S .R. Rajiyah | S .V. Rajiyah | |||||
Director | Director | |||||
08th February 2023 | ||||||
Page 4 of 11 | INTERIM FINANCIAL STATEMENTS |
RENUKA FOODS PLC
ST AT EMENT OF CHANGES IN EQUITY
FOR T HE PERIOD ENDED | Equity Attributable to Owners of the Company | Non Controlling | T otal | ||||
Stated | Revaluation | Retained | Total | Interest | Equity | ||
Capital | Reserve | Earnings | |||||
Rs.000 | Rs.000 | Rs.000 | Rs.000 | Rs.000 | Rs.000 | ||
COMPANY | |||||||
Balance as at 1st April 2021 | 2,241,842 | - | 943,710 | 3,185,552 | - | 3,185,552 | |
Profit for the period | - | - | 99,744 | 99,744 | - | 99,744 | |
Other C omprehensiv e Income, net of Tax | - | - | - | - | - | - | |
T otal Comprehensive Income for the period | - | - | 99,744 | 99,744 | - | 99,744 | |
Balance as at 31st December 2021 | 2,241,842 | - | 1,043,454 | 3,285,296 | - | 3,285,296 | |
Balance as at 1st April 2022 | 2,241,842 | - | 1,044,019 | 3,285,861 | - | 3,285,861 | |
Profit for the period | - | - | 56,388 | 56,388 | - | 56,388 | |
Other C omprehensiv e Income, net of Tax | - | - | - | - | - | - | |
T otal Comprehensive Income for the period | - | - | 56,388 | 56,388 | - | 56,388 | |
Div idend Paid | - | - | (50,320) | (50,320) | - | (50,320) | |
T otal T ransactions with the owners | - | - | (50,320) | (50,320) | - | (50,320) | |
Balance as at 31st December 2022 | 2,241,842 | - | 1,050,087 | 3,291,929 | - | 3,291,929 | |
GROUP | |||||||
Balance as at 1st April 2021 | 2,241,842 | 755,457 | 1,229,183 | 4,226,482 | 788,053 | 5,014,535 | |
Profit for the period | - | - | 339,907 | 339,907 | 116,729 | 456,636 | |
Other C omprehensiv e Income, net of Tax | - | - | - | - | - | - | |
T otal Comprehensive Income for the period | - | - | 339,907 | 339,907 | 116,729 | 456,636 | |
Disposal of Subsidiaries | - | (138,245) | 138,245 | - | 59,617 | 59,617 | |
Changes in ow nership interest that do not result in loss of control | - | (283,782) | (283,782) | 283,782 | - | ||
Balance as at 31st December 2021 | 2,241,842 | 617,212 | 1,423,553 | 4,282,607 | 1,248,181 | 5,530,788 | |
Balance as at 1st April 2022 | 2,241,842 | 737,310 | 1,616,235 | 4,595,387 | 1,309,461 | 5,904,848 | |
Profit for the period | - | - | 656,178 | 656,178 | 201,989 | 858,166 | |
Other C omprehensiv e Income, net of Tax | - | - | - | - | - | - | |
T otal Comprehensive Income for the period | - | - | 656,178 | 656,178 | 201,989 | 858,166 | |
T ransactions with the owners | |||||||
Div idend Paid | - | - | (50,320) | (50,320) | (39,190) | (89,510) | |
T otal T ransactions with the owners | - | - | (50,320) | (50,320) | (39,190) | (89,510) | |
Balance as at 31st December 2022 | 2,241,842 | 737,310 | 2,222,093 | 5,201,245 | 1,472,260 | 6,673,505 | |
1 The abov e figures are prov isional and subject to audit. | |||||||
2 Figures in brackets indicates deductions | |||||||
Page 5 of 11 | INTERIM FINANCIAL STATEMENTS |
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Renuka Foods plc published this content on 09 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 February 2023 11:05:50 UTC.
