Softlogic Capital : Quaterly Financial Report for the period ended 31st December 2021

SOFTLOGIC CAPITAL PLC

(PB 779 PQ)

Interim Financial Statements

Period ended 31st December 2021

SOFTLOGIC CAPITAL PLC

	2021	2020	Change %	2021	2020	Change %
	Rs.	Rs.		Rs.	Rs.
Revenue
Interest income	1,449,790,548	1,090,831,756	33%	3,833,891,065	3,047,166,504	26%
Fee and trading income	5,475,988,525	4,418,454,521	24%	14,402,248,621	11,062,144,991	30%
Other income and gains	121,869	11,160,328	-99%	104,200,283	27,540,316	278%
Realised gains	122,883,256	667,289	18315%	309,094,222	163,447,739	89%
Fair value gains and losses	18,066,484	35,568,165	-49%	20,028,199	315,579,154	-94%
Dividend income	20,510,136	19,214,354	7%	28,462,970	30,250,646	-6%
Total revenue	7,087,360,818	5,575,896,413	27%	18,697,925,360	14,646,129,350	28%
Direct expenses
Interest expenses	(608,750,183)	(584,460,748)	4%	(1,726,350,485)	(1,906,215,777)	-9%
Other direct expenses	(2,879,401,404)	(1,934,407,377)	49%	(7,823,290,693)	(5,408,977,982)	45%
Impairment charge for loans and other losses	(34,206,411)	(76,156,048)	-55%	(154,296,234)	(414,545,457)	-63%
Operating profit / (loss)	3,565,002,820	2,980,872,240	20%	8,993,987,948	6,916,390,134	30%
Administrative expenses	(1,316,352,399)	(1,047,494,924)	26%	(3,363,081,559)	(2,909,560,981)	16%
Distribution cost	(175,030,256)	(237,231,403)	-26%	(521,704,705)	(588,303,324)	-11%
Change in insurance contract liabilities	(1,097,778,082)	(593,345,312)	85%	(3,018,251,442)	(2,985,885,136)	1%
Other operating expenses	(56,234,947)	(56,991,786)	-1%	(205,267,540)	(241,508,481)	-15%
Profit / (loss) before income tax	919,607,136	1,045,808,815	-12%	1,885,682,702	191,132,212	887%
Income tax expense	(217,823,924)	(372,951,232)	-42%	(494,450,346)	(332,604,310)	49%
Profit / (loss) for the Period	701,783,212	672,857,583	4%	1,391,232,356	(141,472,098)	1083%
Profit / (loss) for the period attributable to;
Owners of the parent	369,792,426	237,503,892		622,796,548	(419,486,729)
Non-controlling interests	331,990,786	435,353,691		768,435,808	278,014,631
	701,783,212	672,857,583		1,391,232,356	(141,472,098)
Basic Earnings per share (Rs.)	0.38	0.31		0.64	(0.59)

The above figures are subject to audit unless stated otherwise. 10th February 2022

1

SOFTLOGIC CAPITAL PLC

STATEMENT OF COMPREHENSIVE INCOME

	Three months ended 31st December	Nine months ended 31st December
	2021	2020	2021	2020
	Rs.	Rs.	Rs.	Rs.
Profit / (loss) for the Period	701,783,212	672,857,583	1,391,232,356	(141,472,098)
Other comprehensive income that may be reclassified
to income statement in subsequent periods
Net gain/(loss) on financial instruments at fair value
through other comprehensive income	(129,603,185)	(23,667,439)	(328,789,459)	220,617,845
Net Other comprehensive income that may be
reclassified to income statement in subsequent periods	(129,603,185)	(23,667,439)	(328,789,459)	220,617,845
Other comprehensive income that will not be
reclassified to income statement in subsequent periods
Net gain / (loss) on equity instruments at fair value
through other comprehensive income	(129,570,732)	118,532,221	(106,509,603)	(117,839,708)
Gains on revaluation of land and buildings	37,024,563	-	37,024,563	-
(Gain)/loss arising from changes in assumptions	(10,102,818)	4,648,112	(10,102,818)	4,648,112
Net other comprehensive income that will not be
reclassified to income statement in subsequent periods	(102,648,987)	123,180,333	(79,587,858)	(113,191,596)
Tax on other comprehensive income	-	-	-	-
Other Comprehensive Income for the period, net of	(232,252,172)	99,512,894	(408,377,317)	107,426,249
tax
Total comprehensive income for the period	469,531,040	772,370,477	982,855,039	(34,045,849)
Attributable to:
Owners of the parent	307,626,277	381,369,297	560,291,737	(384,161,186)
Non controlling interest	161,904,763	391,001,180	422,563,302	350,115,337
Total Comprehensive income for the period	469,531,040	772,370,477	982,855,039	(34,045,849)

The above figures are subject to audit unless stated otherwise. 10th February 2022

2

SOFTLOGIC CAPITAL PLC

	2021	2020	Change %	2021	2020	Change %
	Rs.	Rs.		Rs.	Rs.
Revenue
Interest income	32,102,674	9,084,949	253%	54,305,624	39,636,233	37%
Fee and trading income	21,669,366	45,990,526	-53%	57,637,464	131,714,698	-56%
Other income and gains	9,378,082	189,148	4858%	10,146,637	565,175	1695%
Dividend income	-	-	0%	-	63,908	-100%
Total revenue	63,150,122	55,264,623	14%	122,089,725	171,980,014	-29%
Direct expenses
Interest expenses	(173,152,728)	(123,779,659)	40%	(388,773,081)	(338,706,075)	15%
Other direct expenses	434,446	(6,725,713)	-106%	(7,179,333)	(23,061,959)	-69%
Operating profit / (loss)	(109,568,160)	(75,240,749)	46%	(273,862,689)	(189,788,020)	44%
Administrative expenses	(27,310,350)	(31,805,795)	-14%	(74,040,713)	(88,056,449)	-16%
Distribution cost	(6,013,390)	(2,764,949)	117%	(16,446,061)	(11,948,921)	38%
Other operating expenses	(744,008)	(5,817,303)	-87%	(22,089,135)	(21,777,433)	1%
Profit / (loss) before income tax	(143,635,908)	(115,628,796)	24%	(386,438,598)	(311,570,823)	24%
Income tax expense	-	-	100%	1,703,031	-	100%
Profit / (loss) for the Period	(143,635,908)	(115,628,796)	24%	(384,735,567)	(311,570,823)	23%
Basic Earnings per share (Rs.)	(0.15)	(0.10)		(0.39)	(0.44)

The above figures are subject to audit unless stated otherwise. 10th February 2022

1

SOFTLOGIC CAPITAL PLC

STATEMENT OF COMPREHENSIVE INCOME

	Three months ended 31st December	Nine months ended 31st December
	2021	2020	2021	2020
	Rs.	Rs.	Rs.	Rs.
Profit / (loss) for the Period	(143,635,908)	(115,628,796)	(384,735,567)	(311,570,823)
Other comprehensive income that may be reclassified
to income statement in subsequent periods
Net gain/(loss) on financial instruments at fair value
through other comprehensive income	-		-	-
Net Other comprehensive income that may be
reclassified to income statement in subsequent periods	-	-	-	-
Other comprehensive income that will not be
reclassified to income statement in subsequent periods
Net gain / (loss) on equity instruments at fair value
through other comprehensive income	(14,785,163)	554,744	(19,897,173)	(2,466,151)
Gains on revaluation of land and buildings	-	-	-	-
(Gain)/loss arising from changes in assumptions	-	-	-	-
Net other comprehensive income that will not be
reclassified to income statement in subsequent periods	(14,785,163)	554,744	(19,897,173)	(2,466,151)
Tax on other comprehensive income	-	-	-	-
Other Comprehensive Income for the period, net of	(14,785,163)	554,744	(19,897,173)	(2,466,151)
tax
Total comprehensive income for the period	(158,421,071)	(115,074,052)	(404,632,740)	(314,036,974)

The above figures are subject to audit unless stated otherwise.

10th February 2022

2