Vallibel One : Interim Financial Statements for the nine months period ended 31.12.2022

VALLIBEL ONE PLC

INTERIM FINANCIAL STATEMENTS

FOR THE NINE MONTHS PERIOD ENDED 31ST DECEMBER 2022

	VALLIBEL ONE PLC
STATEMENT OF FINANCIAL POSITION
		Company
As at		31.12.2022		31.03.2022
		Rs.'000		Rs.'000
ASSETS
Cash and cash equivalent		22,153		904,727
Financial assets measured at fair value through profit or loss		50,285		48,608
Loans and Receivable		-		-
Lease rentals receivables and stock out on hire		-		-
Equity instruments measured at fair value through OCI		5,852,204		7,837,162
Other financial assets		-		-
Trade and other debtors and deposits		384,009		1,038,870
Contract asset		-		-
Other non-financial assets		5,697		5,562
Investments in subsidiaries		23,234,324		21,299,324
Investment in associate		413,068		413,068
Deferred tax assets		10,275		7,003
Income tax recoverable		-		-
Inventories		-		-
Leasehold rights over mining lands		-		-
Right of Use Lease Assets		112,988		21,903
Intangible assets		-		-
Consumable biological assets		-		-
Investment property		-		-
Property, plant and equipment		21,661		26,169
Assets held for sale		-		-
Total Assets		30,106,664		31,602,396
LIABILITIES
Due to banks		60		155
Due to customers		-		-
Interest-bearing loans and borrowings		118,465		29,259
Trade and other payables		58,335		53,528
Other non-financial liabilities		-		-
Contract liabilities		-		-
Dividend payable		11,114		13,372
Employee benefit liabilities		31,502		24,553
Income tax liabilities		62,031		375,094
Deferred tax liabilities		-		-
Liabilities directly associated with the assets classified as held for
sale		-		-
Total Liabilities		281,507		495,961
Shareholders' Funds
Equity Attributable to Equity Holders of the Parent
Stated capital		29,337,103		29,337,103
Reserves		5,948,766		5,245,086
Other components of equity		(5,460,711)		(3,475,754)
		29,825,157		31,106,435
Non Controlling Interest		-		-
Total Equity		29,825,157		31,106,435
Total Equity and Liabilities		30,106,664		31,602,396
Net Asset Per Share (Rs.)	26.19		27.31

These Financial Statements are in Compliance with the requirements of Companies Act No. 07 of 2007.

Sgd.

Chief Financial Officer

Group

31.12.2022	31.03.2022
Rs.'000	Rs.'000
11,154,793	32,068,507
108,728	94,039
113,336,990	93,897,204
35,494,047	41,640,198
5,879,712	7,860,693
14,069,862	5,691,763
9,979,078	10,048,943
36,625	46,462
6,148,567	2,967,995
-	-
587,739	598,333
73,879	70,607
120,879	31,847
28,419,338	15,033,590
-	-
2,658,918	2,626,495
12,875,807	12,820,049
592,226	595,643
2,051,541	2,116,203
60,805,455	56,939,413
50,430	62,502
304,444,614	285,210,486
28,858,609	29,518,650
107,893,320	89,478,506
24,262,617	26,528,792
11,450,338	12,252,647
1,470,269	771,895
4,128,708	6,474,167
205,504	145,153
2,050,517	1,944,313
2,739,903	3,862,564
7,669,852	5,566,274
221,938	214,476
190,951,575	176,757,437
29,337,103	29,337,103
30,859,933	28,346,306
10,096,419	12,282,036
70,293,455	69,965,445
43,199,584	38,487,604
113,493,039	108,453,049
304,444,614	285,210,486

61.7261.43

The Board of Directors is responsible for the preparation and presentation of these Financial Statements. Signed for and on behalf of the board by,

Sgd.	Sgd.
Director	Director
13/02/2023

			VALLIBEL ONE PLC
			STATEMENT OF INCOME
			Company
For the Period ended 31st December	2022	2021	2022	2021		Variance
	Quarter	Quarter	Cumulative	Cumulative		%
	Rs.'000	Rs.'000	Rs.'000	Rs.'000
Revenue
Revenue from contract with customers	-	-	-	-		-
Interest income	-	-	-	-		-
Total revenue	-	-	-	-		-
Cost of sales	-	-	-	-		-
Gross profit	-	-	-	-		-
Dividend income	-	930,039	1,038,479	2,820,989		(63)
Other operating income	89,870	108,717	319,674	268,578		19
Administrative expenses	(93,819)	(104,964)	(297,355)	(245,190)		(21)
Distribution expenses	-	-	-	-		-
Other operating expenses	-	(13,409)	-	(13,409)		100
Result from operating activities	(3,949)	920,383	1,060,798	2,830,968		(63)
Finance cost	(8,224)	(1,446)	(10,679)	(6,854)		(56)
Finance income	190	8,381	70,036	25,612		173
Net finance income/ (cost)	(8,034)	6,935	59,357	18,758		216
Share of results of equity accounted investees	-	-	-	-		-
Profit before tax on financial services	(11,983)	927,318	1,120,155	2,849,726		(61)
Tax on financial services	-	-	-	-		-
Profit before tax	(11,983)	927,318	1,120,155	2,849,726		(61)
Income tax expense	1,514	(49,435)	(127,839)	(272,450)		53
Profit for the period from continuing operation	(10,469)	877,883	992,316	2,577,276		(61)
Discontinued Operation
Profit/(Loss)After tax for the period from discontinued operations	-	-	-	-
Net profit for the period	(10,469)	877,883	992,316	2,577,276		(61)
Attributable to :
Equity holders of the parent	(10,469)	877,883	992,316	2,577,276		(61)
Non - controlling interests	-	-	-	-
	(10,469)	877,883	992,316	2,577,276		(61)
Earnings Per Share (Rs.)	(0.01)	0.77	0.91	2.37

Group

2022	2021	2022	2021	Variance
Quarter	Quarter	Cumulative	Cumulative	%
Rs.'000	Rs.'000	Rs.'000	Rs.'000
19,588,999	18,868,545	57,923,470	47,420,302	22
11,563,817	8,372,767	30,514,994	21,960,938	39
31,152,816	27,241,312	88,438,464	69,381,240	27
(18,386,323)	(13,724,735)	(49,948,733)	(36,078,725)	(38)
12,766,493	13,516,577	38,489,731	33,302,515	16
2,513	2,183	3,986	2,442	63
93,481	78,949	1,155,713	315,420	266
(2,939,958)	(2,451,761)	(8,157,728)	(6,709,346)	(22)
(2,439,748)	(2,061,347)	(6,821,383)	(5,244,110)	(30)
(124,523)	83,646	(1,100,617)	(655,486)	(68)
7,358,258	9,168,247	23,569,702	21,011,435	12
(1,300,714)	(249,777)	(3,235,371)	(833,299)	(288)
320,021	165,042	1,177,674	376,425	213
(980,693)	(84,735)	(2,057,697)	(456,874)	(350)
(6,614)	553	(10,594)	(20,781)	49
6,370,951	9,084,065	21,501,411	20,533,780	5
(694,296)	(667,228)	(1,909,334)	(1,538,864)	(24)
5,676,655	8,416,837	19,592,077	18,994,916	3
(3,106,246)	(2,143,903)	(6,547,277)	(5,027,612)	(30)
2,570,409	6,272,934	13,044,800	13,967,304	(7)
(2,367)	4,658	(7,680)	12,133	(163)
2,568,042	6,277,592	13,037,120	13,979,437	(7)
1,574,495	3,160,232	6,548,153	7,205,541	(9)
993,547	3,117,360	6,488,967	6,773,896	(4)
2,568,042	6,277,592	13,037,120	13,979,437	(7)
1.38	2.77	6.01	6.63

VALLIBEL ONE PLC

STATEMENT OF COMREHENSIVE INCOME

			Company						Group
For the period ended 31st December	2022	2021	2022	2021	Variance		2022	2021	2022	2020	Variance
	Quarter	Quarter	Cumulative	Cumulative	%		Quarter	Quarter	Cumulative	Cumulative	%
	Rs.'000	Rs.'000	Rs.'000	Rs.'000			Rs.'000	Rs.'000	Rs.'000	Rs.'000
Profit for the period	(10,469)	877,883	992,316	2,577,276	(61)		2,568,042	6,277,592	13,037,120	13,979,437	(7)
Other comprehensive income
Other comprehensive income to be reclassified to income statement in
subsequent periods
Exchange difference on translation of foreign operations	-	-	-	-	-		(8,317)	34,554	4,448	(142,761)	103
Other comprehensive income not to be reclassified to income statement
in subsequent periods
Net gain/(loss) on equity instruments measured at fair value through OCI	(1,249,155)	17,112	(1,984,958)	(290,899)	(582)		(1,247,700)	39,838	(1,980,905)	(282,399)	(601)
Revaluation of land and building - net of tax	-	-	-	-	-		(887,432)	25	(887,432)	890	(99811)
Acturial gain/(loss) on retirement benefit obligation - net of tax	-	-	-	-	-		(153)	-	(153)	-	(100)
Other comprehensive income for the period, net of tax	(1,249,155)	17,112	(1,984,958)	(290,899)	(582)		(2,143,602)	74,417	(2,864,042)	(424,270)	(575)
Total comprehensive income for the period, net of tax	(1,259,624)	894,995	(992,642)	2,286,377	(143)		424,440	6,352,009	10,173,078	13,555,167	(25)
Total comprehensive income attributable to:
Equity holders of the parent	(1,259,624)	894,995	(992,642)	2,286,377	(143)		(175,069)	3,215,481	4,073,322	6,825,456	(40)
Non-controlling interests	-	-	-	-	-		599,509	3,136,528	6,099,756	6,729,711	(9)
	(1,259,624)	894,995	(992,642)	2,286,377	(143)		424,440	6,352,009	10,173,078	13,555,167	(25)

VALLIBEL ONE PLC

STATEMENT OF CHANGES IN EQUITY- COMPANY

For the period ended 31st December	Stated Capital		Fair value		Retained	Total
			Reserve		Earnings
	Rs.'000		Rs.'000		Rs.'000	Rs.'000
Balance as at 01st April 2021	29,337,103	(2,106,817)	3,303,360		30,533,645
Profit for the period	-	-	2,577,276		2,577,276
Other comprehensive income	-	(290,899)	-		(290,899)
Dividend Paid	-	-	(2,847,289)		(2,847,289)
Balance as at 31st December 2021	29,337,103		(2,397,716)		3,033,347		29,972,733
Balance as at 01st April 2022	29,337,103	(3,475,754)	5,245,086		31,106,435
Surchage tax				(288,636)		(288,636)
Balance After Surchage Tax	29,337,103	(3,475,754)	4,956,450		30,817,799
Profit for the period	-	-	992,316		992,316
Other comprehensive income	-	(1,984,958)	-		(1,984,958)
Balance as at 31st December 2022	29,337,103		(5,460,711)		5,948,766		29,825,157