RENUKA HOLDINGS PLC RENUKA HOLDINGS PLC
INTERIM FINANCIAL STATEMENTS FOR THE PERIOD ENDED
30th JUNE 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 Flows-6
Segment Analysis-7
Notes to the Financial Statements-8-9
Top 20 Major Shareholders- 10
Corporate Information-11
Operational Review
Interim Financial Statements for the Period Ended 30th June 2022
Analysis on Statement of Financial Position
Total Assets
Total Assets of the Group have increased by Rs. 265 Mn from Rs. 17,843 Mn as at 31st March 2022 to Rs. 18,108 Mn as at 30th June 2022. Total Non Current Assets were Rs. 9,947 Mn and Total Current Assets were Rs. 8,161 Mn as at 30th June 2022.
Equity Attributable to Owners of the Company
Equity attributable to owners of the Company increased by Rs. 282 Mn from Rs. 8,709 Mn as at 31st March 2022 to Rs. 8,991 Mn as at 30th June 2022.
Net Asset Value Per Share (NAVPS)
The NAVPS increased to Rs. 50.42 as at 30th June 2022 compared with Rs. 48.84 per share recorded as at 31st March 2022.
Analysis on Statement of Profit or Loss and Other Comprehensive Income
Revenue | Expenses |Profit After Tax
Group revenue increased by 134% to Rs. 4,349 Mn for the quarter ended 30th June 2022 compared with Rs. 1,860 Mn in the corresponding quarter of the previous year. The composition of the Group Revenue for the quarter is 48% from export revenue and 52% from local revenue.
Total direct and other operational expenses have increased by 101% to Rs. 3,771 Mn for the quarter ended 30th June 2022 compared with Rs.1,871 Mn in the comparable period in the previous year.
Profit / (Loss) After Tax
The Group reported a profit for the period amounting to Rs. 702 Mn for the 30th June 2022 quarter compared with the profit of Rs. 17 Mn reported in the corresponding quarter of the previous year.
Earnings / (Loss) Per Share
Earnings per share was Rs. 1.58 for the quarter ended 30th June 2022 compared with earnings per share of Rs. 0.06 in the corresponding quarter of the previous year.
Page 2 of 11 | INTERIM FINANCIAL STATEMENTS |
RENUKA HOLDINGS PLC
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
For the period ended 30th June | GROUP | COMPANY | |||||||||
Rs.'000' | Rs.'000' | Rs.'000' | Rs.'000' | ||||||||
QUARTER ENDED | PERIOD ENDED | QUARTER ENDED | PERIOD ENDED | ||||||||
30.06.2022 | 30.06.2021 | 30.06.2022 | 30.06.2021 | 30.06.2022 | 30.06.2021 | 30.06.2022 | 30.06.2021 | ||||
UNAUDIT ED | UNAUDIT ED | UNAUDIT ED | UNAUDIT ED | UNAUDIT ED | UNAUDIT ED | UNAUDIT ED | UNAUDIT ED | ||||
Revenue | 4,349,057 | 1,860,322 | 4,349,057 | 1,860,322 | - | - | - | - | |||
Cost of Sales | (3,311,426) | (1,558,430) | (3,311,426) | (1,558,430) | - | - | - | - | |||
Gross Profit | 1,037,631 | 301,892 | 1,037,631 | 301,892 | - | - | - | - | |||
Other Operating Income | 17,761 | 26,253 | 17,761 | 26,253 | - | - | - | - | |||
Administrative Ex penses | (190,514) | (144,420) | (190,514) | (144,420) | (705) | (190) | (705) | (190) | |||
Distribution Ex penses | (269,228) | (168,699) | (269,228) | (168,699) | - | - | - | - | |||
Other Operating Expenses | - | - | - | - | - | - | - | - | |||
Profit / (Loss) from Operations | 595,650 | 15,026 | 595,650 | 15,026 | (705) | (190) | (705) | (190) | |||
Finance Income | 439,682 | 12,625 | 439,682 | 12,625 | - | 6 | - | 6 | |||
Finance Cost | (101,527) | (36,564) | (101,527) | (36,564) | (112) | (9) | (112) | (9) | |||
Other Financial Items | - | 39 | - | 39 | - | - | - | - | |||
Net Finance Cost | 338,154 | (23,900) | 338,154 | (23,900) | (112) | (3) | (112) | (3) | |||
Fair Value Gain / (Loss) on Inv estments - Measured at Fair through Proft or Loss | (58,111) | 32,419 | (58,111) | 32,419 | - | - | - | - | |||
Share of Profit / (Loss) of Equity Accounted Investee | - | 4 | - | 4 | - | - | - | - | |||
Profit / (Loss) before Taxation | |||||||||||
875,693 | 23,549 | 875,693 | 23,549 | (817) | (193) | (817) | (193) | ||||
Tax ation | (173,840) | (6,062) | (173,840) | (6,062) | - | - | - | - | |||
Profit / (Loss) for the Period | |||||||||||
701,853 | 17,487 | 701,853 | 17,487 | (817) | (193) | (817) | (193) | ||||
Other Comprehensive Income / (Expense) | |||||||||||
- | - | - | - | - | - | - | - | ||||
Total Comprehensive Income / (Expense) for the Period | |||||||||||
701,853 | 17,487 | 701,853 | 17,487 | (817) | (193) | (817) | (193) | ||||
Profit / (Loss) Attributable to : | |||||||||||
Equity Holder of the Parent | 281,664 | 11,361 | 281,664 | 11,361 | (817) | (193) | (817) | (193) | |||
Non Controlling Interest | 420,189 | 6,126 | 420,189 | 6,126 | - | - | - | - | |||
Profit / (Loss) for the period | |||||||||||
701,853 | 17,487 | 701,853 | 17,487 | (817) | (193) | (817) | (193) | ||||
Total Comprehensive Income / (Expense) attributable to : | |||||||||||
Equity Holder of the Parent | 281,664 | 11,361 | 281,664 | 11,361 | (817) | (193) | (817) | (193) | |||
Non Controlling Interest | 420,189 | 6,126 | 420,189 | 6,126 | - | - | - | - | |||
Total Comprehensive Income / (Expense) for the period | 701,853 | 17,487 | 701,853 | 17,487 | (817) | (193) | (817) | (193) | |||
Earnings / (Loss) Per Share (Rs.) | |||||||||||
1.58 | 0.06 | 1.58 | 0.06 | (0.00) | - | (0.00) | - | ||||
Dividend Per Share (Rs.) | - | - | - | - | - | - | - | - | |||
1 The above figures are prov isional and subject to audit. 2 Figures in brackets indicate deductions.
Page 3 of 11 | INTERIM FINANCIAL STATEMENTS |
RENUKA HOLDINGS PLC | |||||||||
STATEMENT OF FINANCIAL POSITION | |||||||||
GROUP | COMPANY | ||||||||
AS AT | 30.06.2022 | 31.03.2022 | 30.06.2022 | 31.03.2022 | |||||
Rs.'000' | Rs.'000' | Rs.'000' | Rs.'000' | ||||||
UNAUDIT ED | AUDIT ED | UNAUDIT ED | AUDIT ED | ||||||
Assets | |||||||||
Non-Current Assets | |||||||||
Property , Plant and Equipment | 4,611,025 | 4,648,015 | - | - | |||||
Intangible Assets | 190,663 | 192,463 | - | - | |||||
Inv estments Property | 4,695,880 | 4,478,442 | - | - | |||||
Right to Use Assets | 323,567 | 323,567 | - | - | |||||
Biological Assets | 122,680 | 120,940 | - | - | |||||
Inv estment In Subsidiaries | - | - | 2,631,079 | 2,631,079 | |||||
Deferred Tax Asset | 3,677 | 3,677 | - | - | |||||
T otal Non-Current Assets | 9,947,492 | 9,767,104 | 2,631,079 | 2,631,079 | |||||
Current Assets | |||||||||
Inv entories | 2,473,317 | 1,916,102 | - | - | |||||
Trade and Other Receiv ables | 2,089,428 | 1,900,426 | 118 | 12 | |||||
Other Current Assets | 537,744 | 125,029 | - | - | |||||
Income Tax Refund Due | 7,789 | 8,128 | - | - | |||||
Inv estment - M easured at Fair Value through Profit or Loss | 1,220,351 | 743,804 | - | - | |||||
Assets H eld for Sale | 4,698 | 148,528 | - | - | |||||
Cash at Bank and Cash in Hand | 1,827,859 | 3,234,324 | 2,965 | 3,255 | |||||
T otal Current Assets | 8,161,186 | 8,076,341 | 3,083 | 3,267 | |||||
T otal Assets | 18,108,678 | 17,843,445 | 2,634,162 | 2,634,346 | |||||
Equity and Liabilities | |||||||||
Equity | |||||||||
Stated C apital | 2,223,194 | 2,223,194 | 2,223,194 | 2,223,194 | |||||
Rev aluation Reserv e | 427,561 | 427,561 | - | - | |||||
Capital Reserv e | 313,874 | 313,874 | - | - | |||||
General Reserv e | (105) | (105) | - | - | |||||
Retained Earnings | 6,026,627 | 5,744,963 | 402,591 | 403,408 | |||||
Equity attributable to owners of the Company | 8,991,151 | 8,709,487 | 2,625,785 | 2,626,602 | |||||
Non Controlling Interest | 4,270,139 | 3,849,950 | - | - | |||||
T otal Equity | 13,261,290 | 12,559,437 | 2,625,785 | 2,626,602 | |||||
Non Current Liabilities | |||||||||
Deferred Tax Liability | 715,968 | 715,968 | - | - | |||||
Interest Bearing Borrowings Due After One Year | 455,925 | 449,059 | - | - | |||||
Non Current Portion of Lease Obligation | 139,097 | 139,097 | - | - | |||||
Retirement Benefit Obligations | 129,313 | 116,278 | - | - | |||||
T otal Non Current Liabilities | 1,440,303 | 1,420,402 | - | - | |||||
Current Liabilities | |||||||||
Trade and Other Pay ables | 1,768,889 | 1,223,871 | 4,602 | 4,054 | |||||
Other Current Liabilities | 165,679 | 233,334 | - | - | |||||
Interest Bearing Borrowings Due Within One Year | 1,143,181 | 2,087,819 | - | - | |||||
Current Portion of Lease Obligation | 23,109 | 23,109 | - | - | |||||
Income Tax Pay able | 249,434 | 107,892 | 10 | 10 | |||||
Bank Ov erdraft | 56,793 | 187,581 | 3,765 | 3,680 | |||||
T otal Current Liabilities | 3,407,085 | 3,863,606 | 8,377 | 7,744 | |||||
T otal Liabilities | 4,847,388 | 5,284,008 | 8,377 | 7,744 | |||||
T otal Equity & Liabilities | 18,108,678 | 17,843,445 | 2,634,162 | 2,634,346 | |||||
Net Assets per Share (Rs.) | 50.42 | 48.84 | 14.73 | 14.73 | |||||
The above figures are provisional and subject to audit. | |||||||||
I certify that the Interim Financial Statements hav e been prepared in compliance with the requirements of the Companies Act No.7 of 2007. | |||||||||
S gd. | |||||||||
Palitha Gunathilaka | |||||||||
Chief Executive Officer / Group Director S hared Services | |||||||||
The Board of Directors is responsible for the preparation and presentation of these Financial Statements. | |||||||||
These Financial Statements were approved and signed for and on behalf of of the Board of Directors of Renuka Holdings PLC. | |||||||||
S gd. | Sgd. | ||||||||
Dr. S . R. Rajiyah | S . V. Rajiyah | ||||||||
Director | Director | ||||||||
12th August 2022 | |||||||||
Page 4 of 11 | INTERIM FINANCIAL STATEMENTS |
RENUKA HOLDINGS PLC
STATEMENT OF CHANGES IN EQUITY
For the period Ended | Equity Attributable to Owners of the Company | Non Controlling | Total | ||||||
Stated | Revaluation | Capital | General | Retained | Total | Interest | Equity | ||
Capital | Reserve | Reserve | Reserve | Earnings | |||||
Rs.000 | Rs.000 | Rs.000 | Rs.000 | Rs.000 | Rs.000 | Rs.000 | Rs.000 | ||
COMPANY | |||||||||
Balance as at 1st April 2021 | 2,223,194 | - | - | - | 404,700 | 2,627,894 | - | 2,627,894 | |
Profit for the y eat | - | - | - | - | (193) | (193) | - | (193) | |
Other Comprehensiv e Income, net of Tax | - | - | - | - | - | - | - | - | |
T otal Comprehensive Income for the period | - | - | - | - | (193) | (193) | - | (193) | |
Balance as at 30th June 2021 | 2,223,194 | - | - | - | 404,507 | 2,627,701 | - | 2,627,701 | |
Balance as at 1st April 2022 | 2,223,194 | - | - | - | 403,408 | 2,626,602 | - | 2,626,602 | |
Profit for the period | - | - | - | - | (817) | (817) | - | (817) | |
Other Comprehensiv e Income, net of Tax | - | - | - | - | - | - | - | - | |
T otal Comprehensive Income for the period | - | - | - | - | (817) | (817) | - | (817) | |
T ransactions with the owners | |||||||||
Balance as at 30th June 2022 | 2,223,194 | - | - | - | 402,591 | 2,625,785 | - | 2,625,785 | |
GROUP | |||||||||
Restated balance as at 1st April 2021 | 2,223,194 | 436,245 | 313,875 | - | 4,806,731 | 7,780,045 | 3,301,371 | 11,081,416 | |
Profit for the period | - | - | - | - | 11,361 | 11,361 | 6,126 | 17,487 | |
Other Comprehensiv e Income, net of Tax | - | - | - | - | - | - | - | - | |
T otal Comprehensive Income for the period | - | - | - | - | 11,361 | 11,361 | 6,126 | 17,487 | |
T ransactions with the owners | |||||||||
Adjustments due to changes in Shareholdings of Subsidiaries | 14,533 | 14,533 | (14,533) | - | |||||
T otal Transactions with the owners | - | - | - | - | 14,533 | 14,533 | (14,533) | - | |
Balance as at 30th June 2021 | 2,223,194 | 436,245 | 313,875 | - | 4,832,624 | 7,805,938 | 3,292,965 | 11,098,903 | |
Balance as at 1st April 2022 | 2,223,194 | 427,561 | 313,874 | (105) | 5,744,963 | 8,709,487 | 3,849,950 | 12,559,437 | |
Profit for the period | - | - | - | - | 281,664 | 281,664 | 420,189 | 701,853 | |
Other Comprehensiv e Income, net of Tax | - | - | - | - | - | - | - | - | |
T otal Comprehensive Income for the period | - | - | - | - | 281,664 | 281,664 | 420,189 | 701,853 | |
Balance as at 30th June 2022 | 2,223,194 | 427,561 | 313,874 | (105) | 6,026,627 | 8,991,151 | 4,270,139 | 13,261,290 | |
1 The above figures are prov isional and subject to audit. | |||||||||
2 Figures in brackets indicate deductions | |||||||||
Page 5 of 11 | INTERIM FINANCIAL STATEMENTS |
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Renuka Holdings plc published this content on 17 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 August 2022 11:23:00 UTC.
