RENUKA HOLDINGS PLC RENUKA HOLDINGS PLC
INTERIM FINANCIAL STATEMENTS FOR THE PERIOD ENDED
30th SEPTEMBER 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 September 2022
Analysis on Statement of Financial Position
Total Assets
Total Assets of the Group have increased by Rs. 1,569 Mn from Rs. 17,843 Mn as at 31st March 2022 to Rs. 19,412 Mn as at 30th September 2022. Total Non Current Assets were Rs. 10,735 Mn and Total Current Assets were Rs. 8,678 Mn as at 30th September 2022.
Equity Attributable to Owners of the Company
Equity attributable to owners of the Company increased by Rs. 396 Mn from Rs. 8,709 Mn as at 31st March 2022 to Rs. 9,105 Mn as at 30th September 2022.
Net Asset Value Per Share (NAVPS)
The NAVPS increased to Rs. 49.24 as at 30th September 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 89% to Rs. 4,604 Mn for the quarter ended 30th September 2022 compared with Rs. 2,436 Mn in the corresponding quarter of the previous year. The composition of the Group Revenue for the quarter is 38% from export revenue and 62% from local revenue.
Total direct and other operational expenses have increased by 89% to Rs. 4,180 Mn for the quarter ended 30th September 2022 compared with Rs.2,210 Mn in the comparable period in the previous year.
Earnings Before Interest, Tax and Depreciation
The Group reported Earnings Before Interest, Tax and Depreciation for the period amounting to Rs. 722 Mn for the quarter ended 30th September 2022 compared with the Rs. 584 Mn reported in the corresponding quarter of the previous year
Profit / (Loss) After Tax
The Group reported a profit for the period amounting to Rs. 397 Mn for the 30th September 2022 quarter compared with the profit of Rs. 358 Mn reported in the corresponding quarter of the previous year.
Earnings / (Loss) Per Share
Earnings per share was Rs. 0.62 for the quarter ended 30th September 2022 compared with earnings per share of Rs. 0.84 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 September
Revenue
Cost of Sales
Gross Profit
Other Operating Income
Administrative Expenses
Distribution Expenses
Other Operating Expenses
Profit from Operations
Finance Income
Finance Cost
Net Finance Income / (Cost)
Fair Value Gain / (Loss) on Investments - Measured at Fair through Proft or Loss Share of Profit / (Loss) of Equity Accounted Investee
Profit before Taxation
Taxation
Profit for the Period
Other Comprehensive Income / (Expense)
Total Comprehensive Income / (Expense) for the Period
Profit Attributable to :
Equity Holder of the Parent
Non Controlling Interest
Profit for the Period
Total Comprehensive Income / (Expense) attributable to : Equity Holder of the Parent
Non Controlling Interest
Total Comprehensive Income / (Expense) for the Period
Earnings Per Share (Rs.)
Dividend Per Share (Rs.)
GROUP | ||||
Rs.'000' | Rs.'000' | |||
QUARTER ENDED | PERIOD ENDED | |||
30.09.2022 | 30.09.2021 | 30.09.2022 | 30.09.2021 | |
UNAUDIT ED | UNAUDITED | UNAUDIT ED | UNAUDIT ED | |
4,603,911 | 2,436,174 | 8,952,968 | 4,296,496 | |
(3,701,361) | (1,907,878) | (7,012,787) | (3,466,308) | |
902,550 | 528,296 | 1,940,181 | 830,188 | |
16,570 | 48,003 | 34,331 | 74,256 | |
(153,701) | (132,994) | (344,215) | (277,414) | |
(325,100) | (169,235) | (594,328) | (337,934) | |
- | - | - | - | |
440,319 | 274,070 | 1,035,969 | 289,096 | |
494,087 | 17,268 | 933,769 | 24,893 | |
(575,799) | (26,981) | (677,326) | (58,506) | |
(81,712) | (9,713) | 256,443 | (33,613) | |
119,527 | 152,910 | 61,416 | 185,329 | |
204 | 12 | 204 | 16 | |
478,338 | 417,279 | 1,354,032 | 440,828 | |
(81,108) | (59,769) | (254,949) | (65,831) | |
397,230 | 357,510 | 1,099,083 | 374,997 | |
- | - | - | - | |
397,230 | 357,510 | 1,099,083 | 374,997 | |
114,312 | 151,881 | 395,976 | 163,242 | |
282,918 | 205,629 | 703,107 | 211,755 | |
397,230 | 357,510 | 1,099,083 | 374,997 | |
114,312 | 151,881 | 395,976 | 163,242 | |
282,918 | 205,629 | 703,107 | 211,755 | |
397,230 | 357,510 | 1,099,083 | 374,997 | |
0.62 | 0.84 | 2.14 | 0.90 | |
0.40 | - | 0.40 | - | |
COMPANY | |||
Rs.'000' | Rs.'000' | ||
QUARTER ENDED | PERIOD ENDED | ||
30.09.2022 | 30.09.2021 | 30.09.2022 | 30.09.2021 |
UNAUDIT ED | UNAUDITED | UNAUDITED | UNAUDIT ED |
8,391 | 22,680 | 8,391 | 22,680 |
- | - | - | - |
8,391 | 22,680 | 8,391 | 22,680 |
- | - | - | - |
(4,163) | (3,277) | (4,868) | (3,467) |
- | - | - | - |
- | - | - | - |
4,228 | 19,403 | 3,523 | 19,213 |
3 | 22 | 3 | 28 |
(130) | (52) | (242) | (61) |
(127) | (30) | (239) | (33) |
- | - | - | - |
- | - | - | - |
4,101 | 19,373 | 3,284 | 19,180 |
(462) | - | (462) | - |
3,639 | 19,373 | 2,822 | 19,180 |
- | - | - | - |
3,639 | 19,373 | 2,822 | 19,180 |
3,639 | 19,373 | 2,822 | 19,180 |
- | - | - | - |
3,639 | 19,373 | 2,822 | 19,180 |
3,639 | 19,373 | 2,822 | 19,180 |
- | - | - | - |
3,639 | 19,373 | 2,822 | 19,180 |
0.02 | 0.11 | 0.02 | 0.11 |
0.40 | - | 0.40 | - |
1 The above figures are provisional and subject to audit.
2 Figures in brackets indicate deductions.
3 The Notes set out on page 08 to 09 form an integral part of these Financial Statements.
Page 3 of 11 | INTERIM FINANCIAL STATEMENTS |
RENUKA HOLDINGS PLC
STATEMENT OF FINANCIAL POSITION
GROUP | COMPANY | |||||||
AS AT | 30.09.2022 | 31.03.2022 | 30.09.2022 | 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 | 4,587,616 | 4,648,015 | - | - | ||||
Intangible Assets | 189,774 | 192,463 | - | - | ||||
Inv estments Property | 4,930,231 | 4,478,442 | - | - | ||||
Right to U se Assets | 323,567 | 323,567 | - | - | ||||
Biological Assets | 126,810 | 120,940 | - | - | ||||
Inv estment In Subsidiaries | - | - | 2,631,079 | 2,631,079 | ||||
Inv estment in Equity Accounted Inv estees | 573,133 | - | - | - | ||||
Deferred Tax Asset | 3,677 | 3,677 | - | - | ||||
T otal Non-Current Assets | 10,734,808 | 9,767,104 | 2,631,079 | 2,631,079 | ||||
Current Assets | ||||||||
Inv entories | 3,824,077 | 1,916,102 | - | - | ||||
Trade and Other Receiv ables | 1,786,958 | 1,900,426 | 12 | 12 | ||||
Other Current Assets | 354,759 | 125,029 | - | - | ||||
Income Tax Refund Due | 8,141 | 8,128 | - | - | ||||
Inv estment - Measured at Fair Value through Profit or Loss | 1,126,074 | 743,804 | - | - | ||||
C ash at Bank and C ash in Hand | 1,572,957 | 3,234,324 | 3,316 | 3,255 | ||||
Assets H eld for Sale | 4,698 | 148,528 | - | - | ||||
T otal Current Assets | 8,677,664 | 8,076,341 | 3,328 | 3,267 | ||||
T otal Assets | 19,412,472 | 17,843,445 | 2,634,407 | 2,634,346 | ||||
Equity and Liabilities | ||||||||
Equity | ||||||||
Stated C apital | 2,283,303 | 2,223,194 | 2,283,303 | 2,223,194 | ||||
Rev aluation Reserv e | 427,561 | 427,561 | - | - | ||||
C apital Reserv e | 313,874 | 313,874 | - | - | ||||
Retained Earnings | 6,080,725 | 5,744,858 | 346,121 | 403,408 | ||||
Equity attributable to owners of the Company | 9,105,463 | 8,709,487 | 2,629,424 | 2,626,602 | ||||
N on C ontrolling Interest | 4,449,641 | 3,849,950 | - | - | ||||
T otal Equity | 13,555,104 | 12,559,437 | 2,629,424 | 2,626,602 | ||||
Non Current Liabilities | ||||||||
Deferred Tax Liability | 715,968 | 715,968 | - | - | ||||
Interest Bearing Borrow ings Due After One Year | 449,059 | 449,059 | - | - | ||||
N on C urrent Portion of Lease Obligation | 139,097 | 139,097 | - | - | ||||
Retirement Benefit Obligations | 126,826 | 116,278 | - | - | ||||
T otal Non Current Liabilities | 1,430,950 | 1,420,402 | - | - | ||||
Current Liabilities | ||||||||
Trade and Other Pay ables | 1,414,892 | 1,223,871 | 2,960 | 4,054 | ||||
Other Current Liabilities | 215,015 | 233,334 | - | - | ||||
Interest Bearing Borrow ings Due Within One Year | 2,373,793 | 2,087,819 | - | - | ||||
C urrent Portion of Lease Obligation | 23,109 | 23,109 | - | - | ||||
Income Tax Pay able | 227,808 | 107,892 | - | 10 | ||||
Bank Ov erdraft | 171,802 | 187,581 | 2,023 | 3,680 | ||||
T otal Current Liabilities | 4,426,418 | 3,863,606 | 4,983 | 7,744 | ||||
T otal Liabilities | 5,857,368 | 5,284,008 | 4,983 | 7,744 | ||||
T otal Equity & Liabilities | 19,412,472 | 17,843,445 | 2,634,407 | 2,634,346 | ||||
Net Assets per Share (Rs.) | 49.24 | 48.84 | 14.22 | 14.73 | ||||
The above figures are provisional and subject to audit. | ||||||||
The Notes set out on page 08 to 09 form an integral part of these Financial Statements. | ||||||||
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. | ||||||||
Dilshan Perera | ||||||||
Chief Financial Officer | ||||||||
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. | ||||||||
Sgd. | Sgd. | |||||||
S .V. Rajiyah | M.S . Dominic | |||||||
Director | Director | |||||||
14th November 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 | T otal | ||||||
Stated | Revaluation | Capital | Retained | T otal | Interest | Equity | |||
Capital | Reserve | Reserve | Earnings | ||||||
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 | - | - | - | 19,180 | 19,180 | - | 19,180 | ||
Other C omprehensiv e Income, net of Tax | - | - | - | - | - | - | - | ||
T otal Comprehensive Income for the period | - | - | - | 19,180 | 19,180 | - | 19,180 | ||
Balance as at 30th September 2021 | 2,223,194 | - | - | 423,880 | 2,647,074 | - | 2,647,074 | ||
Balance as at 1st April 2022 | 2,223,194 | - | - | 403,408 | 2,626,602 | - | 2,626,602 | ||
Profit for the period | - | - | - | 2,822 | 2,822 | - | 2,822 | ||
Other C omprehensiv e Income, net of Tax | - | - | - | - | - | - | - | ||
T otal Comprehensive Income for the period | - | - | - | 2,822 | 2,822 | - | 2,822 | ||
T ransactions with the owners | |||||||||
Scrip Div idend | 60,109 | - | - | (60,109) | - | - | - | ||
T otal T ransactions with the owners | 60,109 | - | - | (60,109) | - | - | - | ||
Balance as at 30th September 2022 | 2,283,303 | - | - | 346,121 | 2,629,424 | - | 2,629,424 | ||
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 | - | - | - | 163,242 | 163,242 | 211,755 | 374,997 | ||
Other C omprehensiv e Income, net of Tax | - | - | - | - | - | - | - | ||
T otal Comprehensive Income for the period | - | - | - | 163,242 | 163,242 | 211,755 | 374,997 | ||
T ransactions with the owners | |||||||||
Acquisition / Disposal of Subsidiary | - | (138,245) | - | 138,245 | - | (85,360) | (85,360) | ||
Div idend Paid | - | - | - | - | - | (16,880) | (16,880) | ||
Adjustments due to changes in Shareholdings of Subsidiaries | - | - | - | (257,339) | (257,339) | 257,339 | - | ||
T otal T ransactions with the owners | - | (138,245) | - | (119,094) | (257,339) | 155,099 | (102,240) | ||
Balance as at 30th September 2021 | 2,223,194 | 298,000 | 313,875 | 4,850,879 | 7,685,948 | 3,668,225 | 11,354,173 | ||
Balance as at 1st April 2022 | 2,223,194 | 427,561 | 313,874 | 5,744,858 | 8,709,487 | 3,849,950 | 12,559,437 | ||
Profit for the period | - | - | - | 395,976 | 395,976 | 703,107 | 1,099,083 | ||
Other C omprehensiv e Income, net of Tax | - | - | - | - | - | - | - | ||
T otal Comprehensive Income for the period | - | - | - | 395,976 | 395,976 | 703,107 | 1,099,083 | ||
Acquisition / Disposal of Subsidiary | - | - | - | - | - | (38,426) | (38,426) | ||
T ransactions with the owners | |||||||||
Div idend Paid | - | - | - | - | - | (64,990) | (64,990) | ||
Scrip Div idend | 60,109 | (60,109) | - | - | - | ||||
T otal T ransactions with the owners | 60,109 | - | - | (60,109) | - | (64,990) | (64,990) | ||
Balance as at 30th September 2022 | 2,283,303 | 427,561 | 313,874 | 6,080,725 | 9,105,463 | 4,449,641 | 13,555,104 | ||
1 The abov e figures are prov isional and subject to audit. | |||||||||
2 Figures in brackets indicate deductions |
3 The N otes set out on page 08 to 09 form an integral part of these Financial Statements.
Page 5 of 11 | INTERIM FINANCIAL STATEMENTS |
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Renuka Holdings plc published this content on 15 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 November 2022 10:50:09 UTC.
