Renuka Hotels : Quarterly Financial Report as of 31-12-2022

2022

2021

Change

2022

2021

Change

31.03.2022

Rs.000

Rs.000

%

Rs.000

Rs.000

%

Rs.000

80,706

69,436

193,713

98,216

Revenue

16

97

214,148

Cost of Sales

(38,362)

(30,870)

24

(97,354)

(50,737)

92

(89,463)

Gross Profit

42,344

38,566

10

96,359

47,479

103

124,685

Other Income

29,559

47,008

(37)

644,970

187,645

244

248,797

Marketing Expenses

(5,959)

(595)

901

(28,944)

(1,781)

1,525

(8,665)

Administration Expenses

(47,246)

(36,740)

29

(233,923)

(99,145)

136

(174,333)

Operating Expenses

(11,648)

(13,472)

(14)

(33,621)

(36,757)

(9)

(48,939)

Profit from operation

7,050

34,768

(80)

444,840

97,442

357

141,545

Finance Income

307,632

88,352

248

2,287,874

275,924

729

2,379,100

Profit Before Taxation

314,681

123,119

156

2,732,714

373,365

632

2,520,645

Income Tax Expense

(6,500)

(3,600)

81

(15,000)

(3,600)

317

(46,126)

Profit for the Period

308,181

119,519

158

2,717,714

369,765

635

2,474,520

Other Comprehensive Income

Item that will never be Classified into Profit or Loss

Remeasurement of Defined benefit obligation

-

-

-

-

9,318

Related Tax on Remeasurement of Defined Benefit Obligations

-

-

-

-

(1,305)

Net gain/(loss) on equity instruments at FVTOCI

(823,548)

201,355

(509)

(336,725)

483,632

(170)

(411,163)

Item that are or may be Re - Classified to Profit or Loss

Realized Fair Value Gain/(Loss) on Financial Assets at Fair

-

-

(67,957)

-

(5,545)

Value Through OCI (FVTOCI)

Total Other Comprehensive Income for the Period

(823,548)

201,355

(509)

(404,682)

483,632

(184)

(408,695)

Total Comprehensive Income for the Period

(515,366)

320,874

(261)

2,313,032

853,397

171

2,065,824

Profit Attributable to

Equity Holders of the Company

244,939

92,441

165

2,079,667

296,831

601

1,759,205

Non-Controlling Interests

63,242

27,085

133

638,047

72,933

775

715,315

Profit for the Period

308,181

119,526

158

2,717,714

369,764

635

2,474,520

Total Comprehensive Income Attributable to

Equity Holders of the Company

(356,891)

222,205

(261)

1,731,861

741,576

134

1,401,484

Non-Controlling Interests

(158,475)

98,669

(261)

581,171

111,821

420

664,340

Total Comprehensive Income for the Period

(515,366)

320,874

(261)

2,313,032

853,397

171

2,065,825

Earnings per Share

Basic (Rupees Per Share)

6.08

2.29

51.61

7.37

43.66

2022

2021

Change

2022

2021

Change

31.03.2022

%

%

Rs.000

Rs.000

Rs.000

Rs.000

Rs.000

Revenue

45,247

38,085

19

102,764

52,380

96

118,975

Cost of Sales

(26,467)

(21,695)

22

(65,683)

(32,075)

105

(56,147)

Gross Profit

18,780

16,390

15

37,081

20,305

83

62,829

Other Income

26,055

34,622

(25)

615,583

145,489

323

171,590

Marketing Expenses

(5,721)

(472)

1,111

(12,159)

(902)

1,247

(3,515)

Administration Expenses

(19,547)

(20,876)

(6)

(153,391)

(54,341)

182

(100,012)

Operating Expenses

(6,560)

(7,625)

(14)

(19,217)

(22,729)

(15)

(30,131)

Profit from operation

13,006

22,038

(41)

467,896

87,821

433

100,761

Finance Income

96,010

12,422

673

199,563

47,762

318

85,991

Profit Before Taxation

109,016

34,460

216

667,459

135,584

392

186,752

Income Tax Expense

(6,500)

(3,000)

-

(15,000)

(3,000)

400

(38,461)

Profit for the Period

102,516

31,460

226

652,459

132,584

392

148,291

Other Comprehensive Income

Item that will never be Classified to Profit or Loss

Remesurement of Defined benefit obligations

-

-

-

-

7,046

Related Tax on Remesurement of Defined Benift Obligations

-

-

-

-

(987)

Net gain/(loss) on equity instruments at FVTOCI

(218,017)

60,917

(458)

(151,761)

357,169

(142)

(243,437)

Item that are or may be Re - Classified to Profit or Loss

Realized Fair Value Gain/(Loss) on Financial Assets at fair

-

-

-

(67,957)

-

-

(5,545)

value through OCI (FVOCI)

Total Other Comprehensive Income for the Period

(218,017)

60,917

(458)

(219,718)

357,169

(162)

(242,922)

Total Comprehensive Income for the Period

(115,501)

92,377

(225)

432,741

489,753

(12)

(94,631)

Earnings per Share

Basic (Rupees Per Share)

2.54

0.78

16.19

3.29

3.68

RENUKA HOTELS PLC - Interim Financial Statements

STATEMENT OF FINANCIAL POSITION

Group

Company

As at

As at

Audited

As at

As at

Audited

ASSETS

31.12.2022

31.12.2021

31.03.2022

31.12.2022

31.12.2021

31.03.2022

Non-Current Assets

Rs.000

Rs.000

Rs.000

Rs.000

Rs.000

Rs.000

449,870

491,820

482,094

158,437

181,985

176,925

Property, plant and equipment

Investments in Subsidiary

-

-

-

160,642

160,642

160,642

Financial Assets

7,624,191

4,369,912

5,891,431

300,000

320,670

-

Investments in financial assets at amortised cost

Investments in equity securities at fair value through

2,399,019

3,643,802

2,951,523

1,715,916

2,524,662

2,106,384

OCI

Total Non-Current Assets

10,473,080

8,505,534

9,325,048

2,334,995

3,187,959

2,443,951

Current Assets

4,693

6,711

4,107

2,582

6,149

3,682

Inventories

Amounts due from related parties

730

7,470

1,012

5,363

7,470

17,996

Trade and other receivables

39,255

35,627

20,970

38,460

29,570

14,984

Income tax receivable

2,442

16,507

-

2,442

16,507

-

Investment in financial finacial assets at amortised cost

48,223

-

163,257

-

-

72,446

Cash and Cash Equivalents

2,407,471

906,018

1,199,185

1,275,626

596,980

719,997

Total Current Assets

2,502,813

972,333

1,388,530

1,324,473

656,676

829,105

Total Assets

12,975,894

9,477,867

10,713,578

3,659,467

3,844,635

3,273,056

EQUITY AND LIABILITIES

Capital and Reserve

112,509

112,509

112,509

112,509

112,509

112,509

Stated capital

Revenue reserve

5,738,354

5,738,354

5,738,354

2,453,491

2,453,491

2,453,491

Retained earnings

4,847,037

1,317,733

2,787,519

1,558,514

904,435

926,204

Fair value reserve

(734,931)

422,747

(387,128)

(517,743)

308,127

(298,025)

Total Equity attributable to equity holders of the

9,962,969

7,591,343

8,251,253

3,606,771

3,778,562

3,194,179

company

2,895,722

1,766,337

2,318,856

-

-

-

Non-Controlling Interests

Total equity

12,858,691

9,357,680

10,570,109

3,606,771

3,778,562

3,194,179

Non-Current Liabilities

31,417

38,399

32,694

18,760

24,544

19,605

Retirement benefit obligations

Deferred Tax Liability

45,631

34,994

45,631

13,279

12,874

13,279

Total Non-Current Liabilities

77,048

73,393

78,325

32,039

37,418

32,885

Current Liabilities

38,542

30,245

33,399

20,223

21,138

19,635

Trade and other payables

Interest bearing loans & borrowings

-

6,018

3,432

-

-

-

Amounts due to related parties

-

991

1,000

-

2,241

1,000

Income tax payable

-

3,638

20,353

-

-

19,535

Bank overdraft

1,613

5,902

6,960

434

5,276

5,822

Total Current Liabilities

40,155

46,794

65,144

20,657

28,655

45,992

Total Liabilities

117,203

120,187

143,469

52,696

66,073

78,877

Total Equity and Liabilities

12,975,894

9,477,867

10,713,578

3,659,467

3,844,635

3,273,056

Net assets per share

247.24

188.38

204.76

89.50

93.77

79.26

Sgd.

Sgd.

……………………………………………..

……………………………………………..

Ms. S.R. Thambiayah

Mrs. M.A.Jayawardena

Chairperson /Jt.Managing Director

Director

15th February 2023

Non

Stated

Revenue

Retained

Fair value

Controlling

Capital

Reserves

Earnings

Reserve

Total

Interests

Total

Rs.000

Rs.000

Rs.000

Rs.000

Rs.000

Rs.000

Rs.000

Balance as at 31st March, 2021

112,509

5,738,354

1,020,901

(21,995)

6,849,769

1,654,516

8,504,285

Net Profit for the Period

-

-

296,831

-

296,831

72,941

369,772

Net change in fair value of equity investments

-

-

-

444,742

444,742

38,887

483,629

at FVTOCI

Balance as at 31st December, 2022

112,509

5,738,354

1,317,732

422,747

7,591,342

1,766,343

9,357,685

Balance as at 31st March, 2022

112,509

5,738,354

2,787,519

(387,128)

8,251,253

2,318,856

10,570,109

Net Profit for the Period

-

-

2,079,667

-

2,079,667

638,047

2,717,714

Dividend paid

-

-

(20,149)

-

(20,149)

-

(20,149)

Dividend Paid by Subsidiary

-

-

-

-

-

(4,305)

(4,305)

Net change in fair value of equity investments

-

-

-

(279,845)

(279,845)

(56,876)

(336,722)

at FVTOCI

Realized fair value gain on equity investments

-

-

-

(67,957)

(67,957)

-

(67,957)

at FVOCI

Balance as at 31st December, 2022

112,509

5,738,354

4,847,037

(734,931)

9,962,969

2,895,722

12,858,691

STATEMENT OF CHANGES IN EQUITY - COMPANY

Stated

Revenue

Retained

Fair Value

Capital

Reserves

Earnings

Reserve

Total

Rs.000

Rs.000

Rs.000

Rs.000

Rs.000

Balance as at 31st March, 2021

112,509

2,453,491

771,853

(49,043)

3,288,810

Net Profit for the Period

-

-

132,583

-

132,583

Net change in fair value of equity investments at FVTOCI

-

-

-

364,744

364,744

Realized fair value gain on equity investments at FVOCI

-

-

-

(7,575)

(7,575)

Balance as at 31st December, 2022

112,509

2,453,491

904,436

308,126

3,778,562

Balance as at 31st March, 2022

112,509

2,453,491

926,204

(298,025)

3,194,179

Net Profit for the Period

-

-

652,459

652,459

Net change in fair value of equity investments at FVTOCI

-

-

-

(151,761)

(151,761)

Dividend paid

(20,149)

(20,149)

Realized fair value gain on equity investments at FVOCI

(67,957)

(67,957)

Balance as at 31st December, 2022

112,509

2,453,491

1,558,514

(517,743)

3,606,771