ALLIANCE FINANCE COMPANY PLC Financial Statements
for the Six Months Ended
30th September 2022
The first financial institution in South Asia to receive the SSCI Certification,the world's first measurable and certifiable standard for value driven financial institutions with holistic sustainability integration to the business.
Alliance Finance Company PLC
Statement of Profit or Loss - Company
For the Quarter ended | For the Six months ended | |||||||
For the period ended 30th September | 2022 | 2021 | 2022 | 2021 | ||||
(unaudited) | (unaudited) | Variance | (unaudited) | (unaudited) | Variance | |||
Rs. | Rs. | % | Rs. | Rs. | % | |||
Gross Income | 3,180,734,073 | 1,949,138,703 | 63 | 5,902,224,588 | 3,715,157,486 | 59 | ||
Interest income | 3,055,498,652 | 1,782,931,742 | 71 | 5,613,236,377 | 3,441,695,847 | 63 | ||
Interest expenses | (1,832,797,264) | (590,225,038) | (211) | (3,075,566,457) | (1,190,774,038) | (158) | ||
Net Interest Income | 1,222,701,388 | 1,192,706,704 | 3 | 2,537,669,920 | 2,250,921,809 | 13 | ||
Fee and commission income | 53,172,257 | 66,021,290 | (19) | 99,624,803 | 100,849,600 | (1) | ||
Fee and commission expenses | (66,644,124) | (58,158,086) | (15) | (135,493,368) | (111,363,806) | (22) | ||
Net Fee and Commission Income | (13,471,867) | 7,863,204 | (271) | (35,868,565) | (10,514,206) | (241) | ||
Net gain/(loss) from trading | 6,064,441 | 2,619,430 | 132 | 28,545,873 | 1,542,137 | 1,751 | ||
Other operating income (net) | 65,998,723 | 97,566,241 | (32) | 160,817,535 | 171,069,902 | (6) | ||
Total Operating Income | 1,281,292,685 | 1,300,755,579 | (1) | 2,691,164,763 | 2,413,019,642 | 12 | ||
Impairment (charges) / reversal for loans and | (150,443,106) | 109,894,728 | (237) | (429,278,973) | (370,917,111) | (16) | ||
other losses | ||||||||
Net Operating Income | 1,130,849,579 | 1,410,650,307 | (20) | 2,261,885,790 | 2,042,102,531 | 11 | ||
Operating Expenses | ||||||||
Personnel expenses | (296,271,482) | (284,337,645) | (4) | (598,333,528) | (488,664,936) | (22) | ||
Other operating expenses | (473,086,999) | (467,983,379) | (1) | (934,293,973) | (765,967,060) | (22) | ||
Depreciation and amortization | (40,940,716) | (30,507,659) | (34) | (79,329,977) | (60,299,991) | (32) | ||
Total operating expenses | (810,299,197) | (782,828,683) | (4) | (1,611,957,478) | (1,314,931,987) | (23) | ||
Operating Profit before Taxes on Financial | ||||||||
Services | 320,550,382 | 627,821,624 | (49) | 649,928,312 | 727,170,544 | (11) | ||
Taxes on financial services | (97,289,306) | (112,515,462) | 14 | (224,118,613) | (156,705,779) | (43) | ||
Operating Profit after Taxes on Financial | ||||||||
Services | 223,261,076 | 515,306,162 | (57) | 425,809,699 | 570,464,765 | (25) | ||
Share of profit/(loss) from associates | 11,934,497 | 1,065,349 | 1,020 | 21,735,867 | 126,955 | 17,021 | ||
Profit before Taxation from Operations | 235,195,573 | 516,371,511 | (54) | 447,545,566 | 570,591,720 | (22) | ||
Provision for income taxation | (87,328,336) | (193,250,805) | 55 | (242,902,771) | (219,727,878) | (11) | ||
Profit for the Period | 147,867,237 | 323,120,706 | (54) | 204,642,795 | 350,863,842 | (42) | ||
Basic/ Diluted earnings per share (Annualised) | 17.55 | 38.36 | 12.15 | 20.83 | ||||
Dividend Per Share paid (Rs./Cts.) | 8.00 | 5.50 | 8.00 | 5.50 |
1
Alliance Finance Company PLC
Statement of Profit or Loss - Group
For the Quarter ended | For the Six months ended | |||||||
For the period ended 30th September | 2022 | 2021 | 2022 | 2021 | ||||
(unaudited) | (unaudited) | Variance | (unaudited) | (unaudited) | Variance | |||
Rs. | Rs. | % | Rs. | Rs. | % | |||
Gross Income | 3,207,458,076 | 1,969,096,089 | 63 | 5,959,524,148 | 3,752,137,724 | 59 | ||
Interest income | 3,057,289,288 | 1,784,058,370 | 71 | 5,616,889,384 | 3,443,628,755 | 63 | ||
Interest expenses | (1,826,653,445) | (590,225,038) | (209) | (3,069,422,638) | (1,190,774,038) | (158) | ||
Net Interest Income | 1,230,635,843 | 1,193,833,332 | 3 | 2,547,466,746 | 2,252,854,717 | 13 | ||
Fee and commission income | 72,105,799 | 84,435,923 | (15) | 143,393,062 | 135,480,805 | 6 | ||
Fee and commission expenses | (66,644,124) | (58,158,086) | (15) | (135,493,368) | (111,363,800) | (22) | ||
Net Fee and Commission Income | 5,461,675 | 26,277,837 | (79) | 7,899,694 | 24,117,005 | (67) | ||
Net gain/(loss) from trading | 6,212,491 | 2,619,430 | 137 | 30,409,668 | 1,542,137 | 1,872 | ||
Other operating income (net) | 71,850,498 | 97,982,366 | (27) | 168,832,034 | 171,486,027 | (2) | ||
Total Operating Income | 1,314,160,507 | 1,320,712,965 | (0) | 2,754,608,142 | 2,449,999,886 | 12 | ||
Impairment (charges) / reversal for loans and | (150,443,105) | 109,894,687 | (237) | (429,278,973) | (370,917,152) | (16) | ||
other losses | ||||||||
Net Operating Income | 1,163,717,402 | 1,430,607,652 | (19) | 2,325,329,169 | 2,079,082,734 | 12 | ||
Operating Expenses | ||||||||
Personnel expenses | (353,163,286) | (287,212,121) | (23) | (658,234,054) | (494,368,470) | (33) | ||
Other operating expenses | (421,996,814) | (469,521,620) | 10 | (885,260,095) | (769,120,194) | (15) | ||
Depreciation and amortization | (41,111,403) | (30,556,133) | (35) | (79,671,350) | (60,393,363) | (32) | ||
Total operating expenses | (816,271,503) | (787,289,874) | (4) | (1,623,165,499) | (1,323,882,027) | (23) | ||
Operating Profit before Taxes on Financial | ||||||||
Services | 347,445,899 | 643,317,778 | (46) | 702,163,670 | 755,200,707 | (7) | ||
Taxes on financial services | (97,289,306) | (112,515,462) | 14 | (224,118,613) | (156,705,779) | (43) | ||
Operating Profit after Taxes on Financial | ||||||||
Services | 250,156,593 | 530,802,316 | (53) | 478,045,057 | 598,494,928 | (20) | ||
Share of profit/(loss) from associates | 11,934,497 | 1,065,349 | 1,020 | 21,735,867 | 126,955 | 17,021 | ||
Profit before Taxation from Operations | 262,091,090 | 531,867,665 | (51) | 499,780,924 | 598,621,883 | (17) | ||
Provision for income taxation | (93,844,536) | (197,042,997) | 52 | (258,971,226) | (226,590,850) | (14) | ||
Profit for the Period | 168,246,554 | 334,824,668 | (50) | 240,809,698 | 372,031,033 | (35) | ||
Profit attributable to : | ||||||||
Equity holders of the Company | 160,897,772 | 330,557,203 | (51) | 226,539,944 | 364,351,130 | (38) | ||
Non controlling interest | 7,348,782 | 4,267,465 | 72 | 14,269,754 | 7,679,903 | 86 | ||
Profit for the Period | 168,246,554 | 334,824,668 | (50) | 240,809,698 | 372,031,033 | (35) | ||
Basic/ Diluted earnings per share (Annualised) | 19.97 | 39.75 | 13.45 | 21.63 | ||||
Dividend Per Share paid (Rs./Cts.) | 8.00 | 5.50 | 8.00 | 5.50 |
2
Alliance Finance Company PLC
Statement of Comprehensive Income - Company
For the Quarter ended | For the Six months ended | |||||||
For the period ended 30th September | 2022 | 2021 | 2022 | 2021 | ||||
(unaudited) | (unaudited) | Variance | (unaudited) | (unaudited) | Variance | |||
Rs. | Rs. | % | Rs. | Rs. | % | |||
Profit for the period | 147,867,237 | 323,120,706 | (54) | 204,642,795 | 350,863,842 | (42) | ||
Other Comprehensive Income | ||||||||
Other Comprehensive Income not to be | ||||||||
Reclassified to Profit or Loss | ||||||||
Equity investments at FVOCI -net change in | ||||||||
fair value & realized profit/ (loss) to retained | 68,826,213 | 13,368,189 | 415 | 24,560,351 | 1,540,072 | 1,495 | ||
earnings | ||||||||
Net Other Comprehensive Income not be | 68,826,213 | 13,368,189 | 415 | 24,560,351 | 1,540,072 | 1,495 | ||
Classified to Profit or Loss | ||||||||
Total Comprehensive Income for the period | 216,693,450 | 336,488,895 | (36) | 229,203,146 | 352,403,914 | (35) | ||
3
Alliance Finance Company PLC
Statement of Comprehensive Income - Group
For the Quarter ended | For the Six months ended | |||||||
For the period ended 30th September | 2022 | 2021 | 2022 | 2021 | ||||
(unaudited) | (unaudited) | Variance | (unaudited) | (unaudited) | Variance | |||
Rs. | Rs. | % | Rs. | Rs. | % | |||
Profit for the period | 168,246,554 | 334,824,668 | (50) | 240,809,698 | 372,031,033 | (35) | ||
Other Comprehensive Income | ||||||||
Equity investments at FVOCI -net change in fair | ||||||||
value & realized profit/ (loss) to retained | 68,826,213 | 13,368,189 | 415 | 24,560,351 | 1,540,072 | 1,495 | ||
earnings | ||||||||
Net Other Comprehensive Income not be | ||||||||
Classified to Profit or Loss | 68,826,213 | 13,368,189 | 415 | 24,560,351 | 1,540,072 | 1,495 | ||
Total Comprehensive Income for the period | 237,072,767 | 348,192,857 | (32) | 265,370,049 | 373,571,105 | (29) | ||
Attributable to: | ||||||||
Equity holders of the company | 229,723,984 | 343,925,392 | (33) | 251,100,295 | 365,891,202 | (31) | ||
Non controlling interest | 7,348,783 | 4,267,465 | 72 | 14,269,754 | 7,679,903 | 86 | ||
Total Comprehensive Income for the period | 237,072,767 | 348,192,857 | (32) | 265,370,049 | 373,571,105 | (29) | ||
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Alliance Finance Company 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 11:10:47 UTC.
