Asiri Surgical Hospital : Interim Financial Statment for the period ended 31st December 2022

ASIRI SURGICAL HOSPITAL PLC

PROVISIONAL ACCOUNTS FOR THE PERIOD ENDED

31 December 2022

Asiri Surgical Hospital PLC

STATEMENT OF PROFIT OR LOSS

	For the Nine Months Period Ended 31 December
				Group							Company
		2022	2021		Variance	Variance		2022	2021		Variance	Variance
		Rs.		Rs.	Rs.	%			Rs.		Rs.	Rs.	%
		Un-audited		Un-audited					Un-audited		Un-audited
	Revenue	4,087,895,982	4,339,957,525		(252,061,543)	(5.	8 %)		3,677,794,237	4,059,552,868		(381,758,631)	(9.	4 %)
	Cost of Services	(2,528,176,464)	(2,496,991,370)		(31,185,094)	(1.	2 %)		(2,314,326,303)	(2,365,151,081)		50,824,778	2. 1 %
	Gross Profit	1,559,719,519	1,842,966,155		(283,246,636)	(15.	4 %)		1,363,467,934	1,694,401,787		(330,933,853)	(19.	5 %)
	Other Income	35,652,640	37,053,480		(1,400,840)	(3.	8 %)		81,639,830	66,705,948		14,933,882	22. 4 %
	Administrative Expenses	(817,056,406)	(670,265,701)		(146,790,705)	(21.	9 %)		(783,516,318)	(643,405,369)		(140,110,949)	(21.	8 %)
	Selling and Distribution Costs	(113,296,185)	(112,901,574)		(394,611)	(0.	3 %)		(95,299,858)	(96,678,169)		1,378,311	1. 4 %
	Finance Cost	(707,794,585)	(170,257,027)		(537,537,558)	(315.	7 %)		(726,702,431)	(160,042,691)		(566,659,740)	(354.	1 %)
	Finance Income	913,614,046		168,518,479		745,095,567	442. 1 %		910,444,772		163,074,405		747,370,367	458. 3 %
	Profit Before Tax	870,839,029	1,095,113,812		(224,274,783)	(20.	5 %)		750,033,927	1,024,055,911		(274,021,984)	(26.	8 %)
	Income Tax Expense	(298,546,791)	(186,569,737)		(111,977,054)	(60.	0 %)		(300,421,794)	(184,121,913)		(116,299,881)	(63.	2 %)
	Profit for the Period	572,292,237	908,544,075		(336,251,838)	(37.	0 %)		449,612,133	839,933,998		(390,321,865)	(46.	5 %)
	Attributable to:
	Equity holders of the parent	512,865,484	874,239,036
	Non-controlling interest	59,426,754	34,305,039
	Earnings Per Share - Basic	0.97	1.65						0.85	1.59
	Dividend Per Share	0.00	1.20						0.00	1.20

- 1 -

Asiri Surgical Hospital PLC

STATEMENT OF COMPREHENSIVE INCOME

For the Nine Months Period Ended 31 December

			Group			Company
			2022			2021		2022	2021
			Rs.	Rs.		Rs.		Rs.
			Un-audited	Un-audited		Un-audited		Un-audited
	Profit for the Period		572,292,237			908,544,075		449,612,133	839,933,998
	Other Comprehensive Income/(Loss)
	Other Comprehensive Income/(Loss) not to be reclassified to profit or loss
	in subsequent periods (net of tax) :
	Loss on valuation of Financial Assets - FVOCI		(110,657,314)			(51,014,716)		(110,657,314)	(51,014,716)
			(110,657,314)			(51,014,716)		(110,657,314)	(51,014,716)
	Deferred Tax Reversal on Other Comprehensive Income		(334,930,522)			-		(334,930,522)	-
	Net Other Comprehensive Income/(Loss) not to be reclassified to profit or
	loss in subsequent periods (net of tax)		(445,587,835)			(51,014,716)		(445,587,835)	(51,014,716)
	Other Comprehensive Income/(Loss) for the period, net of tax		(445,587,835)			(51,014,716)		(445,587,835)	(51,014,716)
	Total Comprehensive Income/(Loss) for the period, net of tax		126,704,402			857,529,359		4,024,298	788,919,282
	Attributable to:
	Equity holders of the parent		67,277,648			823,224,320
	Non-controlling interest		59,426,754			34,305,039

- 2 -

Asiri Surgical Hospital PLC

STATEMENT OF PROFIT OR LOSS

For the Three Months Ended 31 December

				Group						Company
			2022	2021		Variance	Variance		2022	2021	Variance
			Rs.	Rs.	Rs.	%		Rs.	Rs.	Rs.
			Un-audited	Audited					Un-audited	Audited
	Revenue		1,481,125,718	1,669,634,346		(188,508,628)	(11.	3 %)		1,337,096,832	1,567,352,514	(230,255,682)
	Cost of Services		(873,619,070)	(896,945,871)		23,326,801	2. 6 %		(798,351,403)	(850,970,945)	52,619,542
	Gross Profit		607,506,648	772,688,475		(165,181,827)	(21.	4 %)		538,745,429	716,381,569	(177,636,140)
	Net Trading Income/(Loss)		-	-		-	0. 0 %		-	-	-
			-	-						-	-
	Other Income		7,264,622	14,032,025		(6,767,403)	(48.	2 %)		18,194,270	23,674,228	(5,479,958)
	Administrative Expenses		(284,207,169)	(235,013,023)		(49,194,146)	(20.	9 %)		(273,793,584)	(225,966,158)	(47,827,426)
	Selling and Distribution Costs		(42,310,766)	(37,565,750)		(4,745,016)	(12.	6 %)		(36,987,775)	(31,822,649)	(5,165,126)
	Finance Cost		(292,232,720)	(69,921,945)		(222,310,775)	(317.	9 %)		(301,354,378)	(66,851,732)	(234,502,646)
	Finance Income		384,598,340	70,623,985		313,974,355	444. 6 %		383,437,997	67,871,508	315,566,489
	Profit Before Tax		380,618,956	514,843,767		(134,224,811)	(26.	1 %)		328,241,959	483,286,766	(155,044,807)
	Income Tax Expense		(166,106,806)	(89,656,279)		(76,450,527)	(85.	3 %)		(160,529,722)	(88,498,079)	(72,031,643)
	Profit for the Period		214,512,150	425,187,488		(210,675,338)	(49.	5 %)		167,712,237	394,788,687	(227,076,450)
	Attributable to:
	Equity holders of the parent		193,005,687	409,988,087
	Non-controlling interest		21,506,463	15,199,401
	Earnings Per Share - Basic		0.37	0.78						0.32	0.75
	Dividend Per Share		0.00	1.20						0.00	1.20

- 3 -

Asiri Surgical Hospital PLC

STATEMENT OF COMPREHENSIVE INCOME

For the Three Months Ended 31 December

Profit for the Period

Other Comprehensive Income/(Loss)

Other Comprehensive Income/(Loss) not to be reclassified to profit or loss in subsequent periods (net of tax) :

Revaluation surplus on building

Actuarial gain/(loss) on retirement benefit liability (Loss)/Gain on valuation of Financial Assets - FVOCI

Deferred Tax Reversal on Other Comprehensive Income

Net Other Comprehensive Income not to be reclassified to profit or loss in subsequent periods (net of tax)

Other Comprehensive Income/(Loss) for the period, net of tax

Total Comprehensive Income for the period, net of tax

Attributable to:

Equity holders of the parent

Non-controlling interest

- 4 -

Group

20222021

Rs.Rs.

Un-auditedUn-audited

214,512,150 425,187,488

-	-
-	-
(37,572,166)	(37,975,155)
(37,572,166)	(37,975,155)
(334,930,522)	-
(372,502,688)	(37,975,155)
(372,502,688)	(37,975,155)
(157,990,538)		387,212,333
(179,497,001)	372,012,932
21,506,463	15,199,401

Company

20222021

Rs.Rs.

Un-auditedUn-audited

167,712,237 394,788,687

-	-
-	-
(37,572,166)	(37,975,155)
(37,572,166)	(37,975,155)
(334,930,522)	-
(372,502,688)	(37,975,155)
(372,502,688)	(37,975,155)
(204,790,451)	356,813,532