Vallibel One : Interim Financial Statements 30.06.2022

Company

Group

As at

30.06.2022

31.03.2021

30.06.2022

31.03.2021

Rs.'000

Rs.'000

Rs.'000

Rs.'000

ASSETS

Cash and cash equivalent

17,319

904,727

20,279,551

32,068,507

Financial assets measured at fair value through profit or loss

33,523

48,608

71,457

94,039

Loans and Receivable

-

-

101,148,840

93,897,204

Lease rentals receivables and stock out on hire

-

-

38,756,241

41,640,198

Equity instruments measured at fair value through OCI

5,167,736

7,837,162

5,185,376

7,860,693

Other financial assets

1,545,000

-

10,916,269

5,691,763

Trade and other debtors and deposits

898,627

1,038,870

10,606,619

10,048,943

Contract asset

-

-

36,152

46,462

Other non-financial assets

6,558

5,562

6,689,675

2,967,995

Investments in subsidiaries

21,299,324

21,299,324

-

-

Investment in associate

413,063

413,068

607,491

598,333

Deferred tax assets

7,003

7,003

70,607

70,607

Income tax recoverable

-

-

136,743

31,847

Inventories

-

-

22,293,345

15,033,590

Leasehold rights over mining lands

-

-

-

-

Right of Use Lease Assets

12,516

21,903

2,606,798

2,626,495

Intangible assets

-

-

12,801,161

12,820,049

Consumable biological assets

-

-

596,569

595,643

Investment property

-

-

2,117,381

2,116,203

Property, plant and equipment

23,751

26,169

57,078,153

56,939,413

Assets held for sale

-

-

62,996

62,502

Total Assets

29,424,420

31,602,396

292,061,424

285,210,486

LIABILITIES

Due to banks

7,079

155

27,110,407

29,518,650

Due to customers

-

-

94,406,265

89,478,506

Interest-bearing loans and borrowings

18,425

29,259

28,618,568

26,528,792

Trade and other payables

29,978

53,528

15,351,780

12,252,647

Other non-financial liabilities

-

-

1,662,207

771,895

Contract liabilities

-

-

6,883,101

6,474,167

Dividend payable

12,106

13,372

330,526

145,153

Employee benefit liabilities

27,019

24,553

1,987,391

1,944,313

Income tax liabilities

255,259

375,094

4,227,489

3,862,564

Deferred tax liabilities

-

-

5,570,707

5,566,274

Liabilities directly associated with the assets classified as held for

sale

-

-

232,261

214,476

Total Liabilities

349,866

495,961

186,380,702

176,757,437

Shareholders' Funds

Equity Attributable to Equity Holders of the Parent

Stated capital

29,337,103

29,337,103

29,337,103

29,337,103

Reserves

5,882,631

5,245,086

26,799,401

28,346,306

Other components of equity

(6,145,180)

(3,475,754)

9,788,179

12,282,036

29,074,554

31,106,435

65,924,683

69,965,445

Non Controlling Interest

-

-

39,756,039

38,487,604

Total Equity

29,074,554

31,106,435

105,680,722

108,453,049

Total Equity and Liabilities

29,424,420

31,602,396

292,061,424

285,210,486

Net Asset Per Share (Rs.)

25.53

27.31

57.88

61.43

Sgd.

Sgd.

Director

Director

12/08/2022

Company

Group

For the Period ended 30th June

2022

2021

Variance

2022

2021

Variance

Quarter

Quarter

%

Quarter

Quarter

%

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Revenue

Revenue from contract with customers

-

-

-

16,947,875

12,199,987

39

Interest income

-

-

-

8,567,961

6,497,974

32

Total revenue

-

-

-

25,515,836

18,697,961

36

Cost of sales

-

-

-

(13,311,613)

(10,094,941)

(32)

Gross profit

-

-

-

12,204,223

8,603,020

42

Dividend income

1,038,479

744,031

40

978

34

2776

Other operating income

118,250

79,133

49

750,869

113,250

563

Administrative expenses

(112,738)

(71,151)

(58)

(2,586,857)

(2,092,725)

(24)

Distribution expenses

-

-

-

(1,963,206)

(1,459,813)

(34)

Other operating expenses

(15,085)

(16,762)

10

(747,777)

(611,292)

(22)

Result from operating activities

1,028,906

735,251

40

7,658,230

4,552,474

68

Finance cost

(1,544)

(3,465)

55

(721,451)

(291,866)

(147)

Finance income

5,712

3,483

(64)

374,115

86,419

333

Net finance income/ (cost)

4,168

18

23056

(347,336)

(205,447)

(69)

Share of results of equity accounted investees

-

-

-

9,158

(8,898)

203

Profit before tax on financial services

1,033,074

735,269

41

7,320,052

4,338,129

69

Tax on financial services

-

-

-

(615,399)

(367,975)

(67)

Profit before tax

1,033,074

735,269

41

6,704,653

3,970,154

69

Income tax expense

(106,893)

(56,207)

(90)

(1,778,432)

(1,152,832)

(54)

Profit for the period from continuing operation

926,181

679,062

36

4,926,221

2,817,322

75

Discontinued Operation

Profit/(Loss)After tax for the period from discontinued operations

-

-

(2,345)

274

(956)

Net profit for the period

926,181

679,062

36

4,923,875

2,817,596

75

Attributable to :

Equity holders of the parent

926,181

679,062

36

2,301,990

1,390,534

66

Non - controlling interests

-

-

2,621,885

1,427,062

84

926,181

679,062

36

4,923,875

2,817,596

75

Earnings Per Share (Rs.)

0.81

0.60

2.02

1.22

For the period ended 30th June

Stated Capital

Fair value

Retained

Total

Reserve

Earnings

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Balance as at 01st April 2021

29,337,103

(2,106,817)

3,303,360

30,533,645

Profit for the period

-

-

679,062

679,062

Other comprehensive income

-

(205,341)

-

(205,341)

Dividend Paid

-

-

(1,138,916)

(1,138,916)

Balance as at 30th June 2021

29,337,103

(2,312,158)

2,843,506

29,868,450

Balance as at 01st April 2022

29,337,103

(3,475,754)

5,245,086

31,106,435

Surchage tax

(288,636)

(288,636)

Balance After Surchage Tax

29,337,103

(3,475,754)

4,956,450

30,817,799

Profit for the period

-

-

926,181

926,181

Other comprehensive income

-

(2,669,427)

-

(2,669,427)

Balance as at 30th June 2022

29,337,103

(6,145,180)

5,882,631

29,074,554