Serendib Hotels PLC
06 Months ended 30th September 2022
Contents | Page No. |
Financial Statements | |
Statement of Financial Position | 2 |
Statement of Profit or Loss | 3 |
Statement of Comprehensive Income | 4 |
Statement of Changes in Equity | 5-6 |
Statement of Cash Flows | 7 |
Notes to the Financial Statements | 8 |
Investor Information | 9-11 |
Serendib Hotels PLC
STATEMENT OF FINANCIAL POSITION
Group | Company | |||||
As at | 30.09.2022 | 30.09.2021 | 31.03.2022 | 30.09.2022 | 30.09.2021 | 31.03.2022 |
Rs.'000 | Unaudited | Unaudited | Audited | Unaudited | Unaudited | Audited |
Non-Current Assets | ||||||
Property, Plant & Equipment | 5,917,145 | 3,810,357 | 5,917,740 | 1,253,230 | 656,403 | 1,207,986 |
Intangible Assets | 123,027 | 126,725 | 124,439 | 2,352 | 3,075 | 2,714 |
Right-of-Use Assets | 271,036 | 293,399 | 282,217 | 196,661 | 201,807 | 199,234 |
Investments in Subsidiaries | - | - | - | 1,676,207 | 983,267 | 983,267 |
Loans due from related parties | - | - | - | - | - | |
Other Financial Assets | 127,754 | 127,347 | 127,754 | 124,010 | 123,874 | 124,010 |
6,438,962 | 4,357,828 | 6,452,150 | 3,252,460 | 1,968,426 | 2,517,211 | |
Current Assets | ||||||
Inventories | 63,797 | 31,601 | 37,153 | 18,079 | 7,007 | 10,036 |
Trade and Other Receivables | 321,571 | 134,252 | 394,236 | 157,200 | 57,631 | 178,484 |
Taxation Receivables | 11,585 | 13,301 | 11,585 | 1,445 | 1,676 | 1,445 |
Other Financial Assets | - | - | - | 117,321 | 137,321 | 137,321 |
Cash and Short Term Deposits | 1,114,858 | 236,317 | 327,109 | 87,820 | 37,642 | 125,355 |
1,511,811 | 415,471 | 770,083 | 381,865 | 241,277 | 452,641 | |
Total Assets | 7,950,773 | 4,773,299 | 7,222,233 | 3,634,325 | 2,209,703 | 2,969,852 |
EQUITY AND LIABILITIES | ||||||
Capital and Reserves | ||||||
Stated Capital | 913,122 | 913,122 | 913,122 | 913,122 | 913,122 | 913,122 |
Other Capital Reserves | 1,854,100 | 720,493 | 1,854,100 | 415,953 | 50,544 | 415,953 |
Retained Earnings | (241,861) | 362,711 | (5,083) | (850,526) | (268,123) | (635,798) |
Equity Attributable to Owners of the Parent | 2,525,361 | 1,996,326 | 2,762,139 | 478,549 | 695,543 | 693,277 |
Non Controlling Interest | 1,297,413 | 871,854 | 1,175,240 | - | - | - |
Total Equity | 3,822,774 | 2,868,180 | 3,937,379 | 478,549 | 695,543 | 693,277 |
Non-Current Liabilities | ||||||
Interest Bearing Loans & Borrowings | 1,060,681 | 720,850 | 1,061,049 | 81,519 | 77,678 | 78,893 |
Deferred Tax Liabilities | 549,781 | 315,258 | 549,781 | 112,798 | 41,396 | 112,798 |
Employee Benefit Liabilities | 76,949 | 71,527 | 76,718 | 17,429 | 17,840 | 17,183 |
1,687,411 | 1,107,635 | 1,687,548 | 211,746 | 136,914 | 208,874 | |
Current Liabilities | ||||||
Trade and Other Payables | 1,100,520 | 370,264 | 987,786 | 435,726 | 175,408 | 293,674 |
Income Tax Liabilities | 4,979 | 7,597 | 8,452 | - | - | - |
Interest Bearing Loans and Borrowings | 1,214,154 | 345,358 | 464,586 | 2,502,551 | 1,185,880 | 1,751,103 |
Bank Overdraft | 120,935 | 74,265 | 136,482 | 5,753 | 15,958 | 22,924 |
2,440,588 | 797,484 | 1,597,306 | 2,944,030 | 1,377,246 | 2,067,701 | |
Total Equity and Liabilities | 7,950,773 | 4,773,299 | 7,222,233 | 3,634,325 | 2,209,703 | 2,969,852 |
Net Assets Per Share (Rs.) | 22.64 | 17.90 | 24.77 | 4.29 | 6.24 | 6.22 |
These Financial Statements have been prepared and presented in compliance with the requirements of the Companies Act No 07 of 2007.
Sgd.
Mrs. S.S Kokatakadeniya
Chief Financial Officer - LOLC Group
The Board of Directors is responsible for the preparation and presentation of these Financial Statements.
Approved and signed on behalf of the Board,
Sgd. | Sgd. |
Director | Director |
Colombo | |
14 November 2022 |
2
Serendib Hotels PLC
STATEMENT OF PROFIT OR LOSS
Group | Company | |||||||||||
3 Months | 3 Months | % Variance | 6 Months | 6 Months | % Variance | 3 Months | 3 Months | % Variance | 6 Months | 6 Months | % Variance | |
Ended | Ended | Ended | Ended | Ended | Ended | Ended | Ended | |||||
30.09.2022 | 30.09.2021 | 30.09.2022 | 30.09.2021 | 30.09.2022 | 30.09.2021 | 30.09.2022 | 30.09.2021 | |||||
Rs.'000 | Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | ||||
Revenue | 206,742 | 99,206 | > 100% | 517,244 | 268,765 | 92% | 44,471 | 11,320 | > 100% | 132,250 | 35,110 | > 100% |
Cost of Sales | (90,374) | (26,850) | > 100% | (179,274) | (72,547) | > 100% | (19,789) | (4,076) | > 100% | (43,412) | (11,984) | > 100% |
Gross Profit | 116,367 | 72,356 | 61% | 337,970 | 196,218 | 72% | 24,682 | 7,244 | > 100% | 88,838 | 23,126 | > 100% |
Other Operating Income and Gains | (14,705) | (2,449) | > 100% | 35,167 | 4,662 | > 100% | (1,475) | 1,397 | > 100% | 21,138 | 2,663 | > 100% |
Personnel costs | (111,938) | (88,316) | 27% | (212,716) | (185,391) | 15% | (30,809) | (21,795) | 41% | (58,668) | (44,235) | 33% |
Depreciation and amortization | (67,423) | (47,820) | 41% | (122,258) | (97,431) | 25% | (11,945) | (12,503) | -4% | (23,198) | (25,821) | 10% |
Other operating expenses | 103,741 | (56,474) | > 100% | (208,745) | (119,850) | 74% | (29,040) | (15,321) | 90% | (57,814) | (34,918) | -66% |
Results from Operating Activities | 26,043 | (122,703) | > 100% | (170,582) | (201,792) | 15% | (48,587) | (40,978) | -19% | (29,703) | (79,185) | 62% |
Net Finance Cost | (52,296) | 11,374 | > 100% | (235,052) | (15,854) | > 100% | (20,329) | 9,388 | > 100% | (185,026) | (20,672) | > 100% |
Profit /(Loss) Before Tax | (26,254) | (111,329) | 76% | (405,634) | (217,646) | -86% | (68,916) | (31,590) | > 100% | (214,729) | (99,857) | > 100% |
Income Tax Expense | - | - | - | - | - | - | - | - | - | - | - | - |
Profit/(Loss) for the Period | (26,254) | (111,329) | 76% | (405,634) | (217,646) | -86% | (68,916) | (31,590) | > 100% | (214,729) | (99,857) | > 100% |
Attributable to : | ||||||||||||
Equity Holders of the Parent | 13,375 | (93,911) | > 100% | (359,925) | (196,304) | -83% | ||||||
Non-Controlling Interest | (39,629) | (17,418) | > 100% | (45,709) | (21,342) | > 100% | ||||||
(26,254) | (111,329) | 76% | (405,634) | (217,646) | 86% | |||||||
Loss Per Share (Rs.) | 0.12 | (0.84) | (3.23) | (1.76) | (0.62) | (0.28) | (1.93) | (0.90) |
3
Serendib Hotels PLC
STATEMENT OF COMPREHENSIVE INCOME
Group | Company | ||||||||||||
3 Months | 3 Months | % Variance | 6 Months | 6 Months | % Variance | 3 Months | 3 Months | % Variance | 6 Months | 6 Months | % Variance | ||
Ended | Ended | Ended | Ended | Ended | Ended | Ended | Ended | ||||||
Rs.'000 | 30.09.2022 | 30.09.2021 | 30.09.2022 | 30.09.2021 | 30.09.2022 | 30.09.2021 | 30.09.2021 | 30.09.2020 | |||||
Rs. | Rs. | ||||||||||||
Profit/(Loss) for the Period | (26,254) | (111,329) | 76% | (405,634) | (217,646) | -86% | (68,916) | (31,590) | > 100% | (214,729) | (99,857) | > 100% | |
Other Comprehensive Income | - | - | - | - | - | - | - | - | |||||
Other Comprehensive Income/(Expense) for the Period | |||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | ||
Total Comprehensive Income/(Expense) for the Period | |||||||||||||
(26,254) | (111,329) | 76% | (405,634) | (217,646) | -86% | (68,916) | (31,590) | > 100% | (214,729) | (99,857) | > 100% | ||
Attributable to: | |||||||||||||
Equity Holders of the Parent | 13,375 | (93,911) | > 100% | (359,925) | (196,304) | -83% | |||||||
Non Controlling Interest | (39,629) | (17,418) | > 100% | (45,709) | (21,342) | > 100% | |||||||
(26,254) | (111,329) | 76% | (405,634) | (217,646) | -86% | ||||||||
4
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Serendib Hotels plc published this content on 14 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 November 2022 12:03:03 UTC.