FINANCIAL STATEMENTS
FOR THE QUARTER ENDED
30th June 2022
SINGHE HOSPITALS PLC
(PB 70371 PQ)
Singhe Hospitals PLC
INCOME STATEMENT & STATEMENT OF OTHER COMPREHENSIVE INCOME
Period Ended 30th June 2022
30-Jun-2022 | 30-Jun-2021 | Variance | Variance | |||
Rs. | Rs. | Rs. | % | |||
Not Audited | Not Audited | |||||
Revenue | 220,848,011 | 249,213,418 | (28,365,407) | (11. 4 %) | ||
Cost of Services | (82,529,010) | (128,082,494) | (45,553,484) | (35. 6 %) | ||
Gross Profit | 17,188,077 | 14. | 2 % | |||
138,319,001 | 121,130,924 | |||||
Other Income and Gains | 552,386 | 7,632 | 544,754 | 7137. | 8 % | |
Administrative Expenses | (121,215,478) | (104,187,405) | 17,028,073 | 16. | 3 % | |
Other Operating Expenses | (11,108,493) | (9,560,380) | 1,548,113 | 16. | 2 % | |
Finance Cost | (12,358,854) | (7,269,732) | 5,089,122 | 70. | 0 % | |
Profit Before Tax | (5,932,478) | (4901. 3 %) | ||||
(5,811,439) | 121,039 | |||||
Income Tax | (142,786) | - | 142,786 | |||
Profit for the Year | (6,075,263) | (5019. 3 %) | ||||
(5,954,224) | 121,039 | |||||
Total Comprehensive Income/ (Loss) for the Year | ||||||
(5,954,224) | 121,039 | |||||
Earnings Per Share - Basic | (0.01) | 0.00 | ||||
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Singhe Hospitals PLC
STATEMENT OF FINANCIAL POSITION
As at 30th June 2022
30-Jun-2022 | 30-Jun-2021 | ||
ASSETS | Rs. | Rs. | |
Not Audited | Not Audited | ||
Non-Current Assets | |||
Property, Plant and Equipment | 738,894,938 | 727,992,495 | |
Right of Use Assets | 60,356,047 | 50,632,720 | |
Intangible Assets | 6,754,116 | 7,758,997 | |
806,005,101 | 786,384,212 | ||
Current Assets | |||
Inventories | 83,404,226 | 66,054,625 | |
Trade and Other Receivables | 40,813,759 | 49,535,611 | |
Financial Investments | 20,720 | 18,405 | |
Income Tax Recoverable | 1,220,639 | 3,554,985 | |
Cash and Bank Balances | 16,547,996 | 26,653,749 | |
142,007,340 | 145,817,375 | ||
Total Assets | 948,012,441 | 932,201,588 | |
EQUITY AND LIABILITIES | |||
Capital and Reserves | |||
Stated Capital | 375,000,000 | 375,000,000 | |
Capital Reserves | 109,774,781 | 108,332,429 | |
Retained Earnings | 3,637,085 | (6,700,438) | |
Total Equity | 488,411,866 | 476,631,991 | |
Non-Current Liabilities | |||
Interest Bearing Loans and Borrowings | 202,127,925 | 161,804,543 | |
Lease Liability | 30,422,483 | 26,499,966 | |
Deferred Tax Liabilities | 71,250,071 | 75,476,229 | |
Retirement Benefit Obligations | 9,615,140 | 10,694,668 | |
313,415,619 | 274,475,406 | ||
Current Liabilities | |||
Trade and Other Payables | 22,019,142 | 24,938,402 | |
Interest Bearing Loans and Borrowings | 53,192,234 | 69,470,738 | |
Amounts Due to Related Parties | 672,111 | 1,672,102 | |
Lease Liability | 14,829,944 | 19,011,496 | |
Bank Overdrafts | 55,471,525 | 66,001,454 | |
146,184,956 | 181,094,191 | ||
Total Equity and Liabilities | 948,012,441 | 932,201,588 | |
Net Assets Per Share | 1.13 | 1.11 |
The above figures are provisional & subject to audit.
It is certified that the Financial Statements have been prepared in accordance with the requirements of the Companies Act No.7 of 2007.
Asanka De Silva
Finance Manager
The Board of Directors are responsible for the preparation and presentation of these Financial Statements. Approved & Signed on behalf of the Board.
Navinda Weerasinghe | Lakshika Weerasinghe |
Managing Director | Director |
09.08.2022 | |
Rathnapura |
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Singhe Hospitals PLC
STATEMENT OF CHANGES IN EQUITY
Period Ended 30th June 2022
Stated | Revaluation | Gain / ( Loss) on | Retained | ||||||
Capital | Reserves | Defined Benefit Plan | Earnings | Total | |||||
Rs. | Rs. | Rs. | Rs. | Rs. | |||||
Balance as at 01st April, 2021 | 375,000,000 | 106,242,881 | 2,089,548 | (6,821,476) | 476,510,953 | ||||
Profit for the Period | - | - | - | 121,039 | 121,039 | ||||
Balance as at 30th June, 2021 | |||||||||
375,000,000 | 106,242,881 | 2,089,548 | (6,700,437) | 476,631,992 | |||||
Profit for the Period | 16,291,744 | 16,291,744 | |||||||
Other Comprehensive Income | - | 1,677,154 | - | 1,677,154 | |||||
Deferred Tax Impact on Actuarial Gain/(Loss) | (234,802) | (234,802) | |||||||
Deferred Tax on Revaluation | - | ||||||||
Deferred Tax Charge on Revaluation Due to | - | ||||||||
Changes in Income Tax Rate | |||||||||
Balance as at 31st March, 2022 | 375,000,000 | 106,242,881 | 3,531,900 | 9,591,307 | 494,366,088 | ||||
Profit for the Period | (5,954,222) | (5,954,222) | |||||||
Balance as at 30th June, 2022 | |||||||||
375,000,000 | 106,242,881 | 3,531,900 | 3,637,085 | 488,411,866 | |||||
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Singhe Hospitals PLC
CASH FLOW STATEMENT
Year Ended 30th June 2022
30-Jun-2022 | 30-Jun-2021 | ||
Cash Flows From Operating Activities | Rs. | Rs. | |
Profit Before Income Tax Expense | (5,811,439) | 121,039 | |
Adjustments for | |||
Depreciation & Amortization | 20,464,425 | 19,485,408 | |
Provision for Retirement Gratuity | 578,560 | 450,000 | |
Finance Expense | 13,674,150 | 7,269,732 | |
Interest Income | (5,930) | (1,710) | |
Operating Profit Before Working Capital Changes | |||
28,899,766 | 27,324,469 | ||
Changes in Working Capital | |||
(Increase)/Decrease in Inventories | 1,545,759 | 1,831,649 | |
(Increase)/Decrease in Trade and Other Receivables | (2,190,104) | (75,224) | |
Increase/(Decrease) in Trade and Other Payables | (16,037,124) | 473,506 | |
Cash Generated From Operations | 12,218,297 | 29,554,400 | |
Finance Costs Paid | (13,674,150) | (6,059,205) | |
Defined Benefit Plan Costs Paid | (1,018,688) | (166,100) | |
Net Cash From Operating Activities | (2,474,540) | 23,329,095 | |
Cash Flows From/(Used in) Investing Activities | |||
Acquisition of Property, Plant and Equipment | (10,160,759) | (2,037,419) | |
Acquisition of Capital Work in Progress | (889,740) | (253,013) | |
Acquisition of Intangible Assets | - | (275,000) | |
Income From Investments - Interest Received | 5,930 | 1,710 | |
Net Cash Flows From/(Used in) Investing Activities | (11,044,569) | (2,563,722) | |
Cash Flows from /(Used in) Financing Activities | |||
Proceeds from Interest Bearing Borrowings | 44,264,822 | - | |
Repayments from Interest Bearing Borrowings | (23,971,767) | (10,489,650) | |
Proceeds from Leases | 1,315,296 | - | |
Repayments of Leases Liability | (8,672,126) | (6,673,552) | |
Net Cash Flows from/(Used in) Financing Activities | 12,936,226 | (17,163,202) | |
Net Increase/(Decrease) in Cash and Cash Equivalents | (582,884) | 3,602,171 | |
Cash and Cash Equivalents at the Beginning of the Year | (38,340,663) | (42,949,875) | |
Cash and Cash Equivalents at the End of the Year | (38,923,547) | (39,347,706) | |
Cash & Cash Equivalents | |||
Cash at Bank | 3,311,938 | 1,012,389 | |
Bank Overdrafts | (55,471,525) | (66,001,454) | |
Cash in Hand | 13,236,058 | 25,641,360 | |
Cash and Cash Equivalents at the End of the Year | (38,923,547) | (39,347,706) | |
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Singhe Hospital plc published this content on 10 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2022 10:07:41 UTC.