INTERIM REPORT
FIRST QUARTER ENDED
30TH JUNE 2022
UNISYST ENGINEERING PLC
STATEMENT OF FINANCIAL POSITION
As at | 30th June | 30th June | 31st March |
2022 | 2021 | 2022 | |
Rs. 000 | Rs. 000 | Rs. 000 | |
Un Audited | Un Audited | Audited | |
ASSETS | |||
Non-Current Assets | |||
Property, Plant & Equipment | 149,204 | 129,479 | 150,523 |
Intangible Assets | 1,775 | 2,990 | 1,837 |
Deferred Tax Assets | 43,410 | 45,870 | 43,409 |
194,389 | 178,339 | 195,769 | |
Current Assets | |||
Inventories | 93,930 | 67,721 | 52,483 |
Construction Work in Progress | 57,565 | 60,663 | 14,876 |
Trade and Other Receivables | 131,727 | 125,010 | 174,683 |
Amounts Due from Related Companies | 9,698 | 5,978 | 31,276 |
Contract Assets | 81,201 | 63,458 | 77,351 |
Cash and Bank Balances | 5,920 | 3,365 | 623 |
380,042 | 326,195 | 351,292 | |
Total Assets | 574,431 | 504,534 | 547,061 |
EQUITY AND LIABILITIES | |||
Capital and Reserves | |||
Stated Capital | 446,673 | 446,673 | 446,673 |
Revaluation Reserves | 89,806 | 68,011 | 89,806 |
Retained Earnings | (514,006) | (371,421) | (487,442) |
Total Equity | 22,472 | 143,263 | 49,037 |
Non-Current Liabilities | |||
Interest Bearing Loans and Borrowings | 25,000 | 25,000 | 25,000 |
Employee Benefit Obligations | 7,869 | 5,897 | 7,276 |
32,869 | 30,897 | 32,276 | |
Current Liabilities | |||
Interest Bearing Loans and Borrowings | 253,548 | 19,243 | 248,115 |
Trade and Other Payables | 57,878 | 90,387 | 63,647 |
Contract Liabilities | 102,523 | 105,564 | 99,933 |
Amounts Due to Related Companies | 61,973 | 107,632 | 45,720 |
Bank Overdrafts | 43,166 | 7,548 | 8,333 |
519,088 | 330,374 | 465,748 | |
Total Liabilities | 551,957 | 361,271 | 498,024 |
Total Equity and Liabilities | 574,431 | 504,534 | 547,061 |
Net Assets per share (Rs.) | 0.51 | 6.49 | 1.11 |
The above figures are provisional and unaudited.
The Financial Statements are in compliance with the requirements of the Companies Act No. 7 of 2007
sgd
......……………………………
-
Perera
Asst. Finance Manager
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 |
… | |
A.M Pandithage | L.R.V. Waidyaratne |
Chairman | Deputy Chairman |
Colombo
28th July 2022
Figures in brackets indicate deductions
UNISYST ENGINEERING PLC | |||
STATEMENT OF PROFIT OR LOSS | |||
For the period of | Three Months ended | ||
30th June | 30th June | ||
2022 | 2021 | Change | |
Rs. 000 | Rs. 000 | % | |
Un Audited | Un Audited | ||
Revenue | 90,586 | 92,602 | -2% |
Cost of Sales | (86,157) | (76,223) | 13% |
Gross Profit | 4,428 | 16,379 | -73% |
Other Operating Income | 4,053 | 1,668 | >100% |
Distribution Expenses | 3,155 | (1,338) | >-100% |
Administrative Expenses | (25,406) | (27,927) | -9% |
Results from Operating Activities | (13,769) | (11,218) | 23% |
Finance Income | 469 | 37 | >100% |
Finance Cost | (13,264) | (3,071) | >100% |
Net Finance Expense | (12,794) | (3,034) | >100% |
Profit /(Loss) Before Tax | (26,563) | (14,252) | 86% |
Tax (Expense)/Reversal | - | (180) | -100% |
Profit /(Loss) for the Period | (26,563) | (14,432) | 84% |
Earnings /(Loss) Per Share (Rs. ) | (0.60) | (0.65) | |
The above figures are provisional and unaudited. | |||
Figures in brackets indicate deductions |
UNISYST ENGINEERING PLC
STATEMENT OF COMPREHENSIVE INCOME
For the period of | Three months ended | ||
30th June | 30th June | ||
2022 | 2021 | Change | |
Rs. 000 | Rs. 000 | % | |
Un Audited | Un Audited | ||
Loss for the period | (26,563) | (14,432) | 84% |
Other Comprehensive income | |||
Revaluation of land & building | - | - | - |
Defined Benefits Plan Actuarial Gains / (Losses) | - | - | - |
Income Tax on Other Comprehensive Income | - | - | - |
Other Comprehensive income for the period, net of tax | - | - | - |
Total Comprehensive income for the period, net of tax | (26,563) | (14,432) | 84% |
The above figures are provisional and unaudited. | |||
Figures in brackets indicate deductions |
UNISYST ENGINEERING PLC
STATEMENT OF CHANGES IN EQUITY
For the period ended | Stated | Revaluation | Retained | Total |
Capital | Reserve | Earnings | ||
Rs. 000 | Rs. 000 | Rs. 000 | Rs. 000 | |
Balance as at 01st April 2021 | 446,673 | 68,011 | (356,989) | 157,695 |
Rights Issue | - | - | - | - |
Loss for the Period | - | - | (14,432) | (14,432) |
Other comprehensive Income | ||||
Income tax on other comprehensive Income | - | - | - | - |
Acturial gains/(losses) on Employee Benefit Obligation | - | - | - | - |
Total Other Comprehensive Income | - | - | - | - |
Total Comprehensive Income | - | - | (14,432) | (14,432) |
Balance as at 30th June 2021 | 446,673 | 68,011 | (371,421) | 143,263 |
Balance as at 01 st April 2022 | 446,673 | 89,806 | (487,443) | 49,036 |
Loss for the period | - | - | (26,563) | (26,563) |
Other comprehensive Income | - | - | - | - |
Income tax on other comprehensive Income | - | - | - | - |
Acturial gains/(losses) on Employee Benefit Obligation | - | - | - | - |
Total Other Comprehensive Income | - | - | - | - |
Total Comprehensive Income | (26,563) | (26,563) | ||
Balance as at 30th June 2022 | 446,673 | 89,806 | (514,006) | 22,472 |
The above figures are provisional and unaudited. | ||||
Figures in brackets indicate deductions |
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Unisyst Engineering plc published this content on 29 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2022 03:13:05 UTC.