Aitken Spence Hotel Holdings PLC

Interim Financial Statement - 3rd Quarter

( For the Nine months ended 31st December 2021 )

Aitken Spence Hotel Holdings PLC

Consolidated Income Statement

Quarter ended

Nine months ended

31st December

31st December

2021

2020

2021

2020

Rs.' 000

Rs.' 000

Rs.' 000

Rs.' 000

Revenue

7,637,839

1,381,948

14,993,509

1,914,248

Revenue taxes

(156,868)

(35,401)

(386,765)

(37,528)

Net revenue

7,480,971

1,346,547

14,606,744

1,876,720

Other operating income/(expenses)

33,794

(30,448)

85,695

(72,267)

Staff costs

(1,072,590)

(526,475)

(2,958,341)

(1,639,249)

Depreciation

(598,891)

(623,086)

(1,867,111)

(1,890,588)

Amortisation and impairment

(211,351)

(194,998)

(634,053)

(597,887)

Other operating expenses - direct

(1,843,664)

(407,777)

(4,077,665)

(573,987)

Other operating expenses - indirect

(1,575,919)

(771,951)

(4,040,952)

(2,067,257)

Profit/(loss) from operations

2,212,350

(1,208,188)

1,114,317

(4,964,515)

Finance income

40,511

28,728

109,469

106,442

Finance expense

(549,989)

(519,580)

(1,683,117)

(1,665,655)

Net finance expense

(509,478)

(490,852)

(1,573,648)

(1,559,213)

Share of loss of equity accounted investees (net of tax)

(65,000)

(93,304)

(235,757)

(297,051)

Profit/(loss) before tax

1,637,872

(1,792,344)

(695,088)

(6,820,779)

Income tax (expense)/refund

(271,594)

58,746

(434,340)

186,004

Profit/(loss) for the period

1,366,278

(1,733,598)

(1,129,428)

(6,634,775)

Attributable to:

Equity holders of the parent company

781,832

(1,136,149)

(891,894)

(4,296,900)

Non -controlling interests

584,446

(597,449)

(237,534)

(2,337,875)

Profit/(loss) for the period

1,366,278

(1,733,598)

(1,129,428)

(6,634,775)

Earnings/(loss) per share for the period - Rs.

2.32

(3.39)

(2.65)

(12.81)

(Basic / Diluted)

The above figures are provisional and subject to audit.

1

Aitken Spence Hotel Holdings PLC

Company Income Statement

Quarter ended

Nine months ended

31st December

31st December

2021

2020

2021

2020

Rs.' 000

Rs.' 000

Rs.' 000

Rs.' 000

Revenue

146,214

23,893

259,214

39,923

Revenue taxes

-

-

-

-

Net revenue

146,214

23,893

259,214

39,923

Other operating income/(expenses)

651

768

41,103

(9,152)

Staff costs

(38,043)

(30,113)

(105,865)

(69,298)

Depreciation

(13,852)

(15,806)

(42,140)

(47,693)

Amortisation and impairment

(199)

(436)

(1,036)

(1,430)

Other operating expenses - direct

(35,540)

(15,485)

(58,950)

(23,857)

Other operating expenses - indirect

(64,295)

(49,376)

(142,460)

(122,668)

Loss from operations

(5,064)

(86,555)

(50,134)

(234,175)

Finance income

18,508

14,516

44,885

51,115

Finance expense

(21,092)

(19,664)

(55,605)

(68,508)

Net finance expense

(2,584)

(5,148)

(10,720)

(17,393)

Loss before tax

(7,648)

(91,703)

(60,854)

(251,568)

Income tax (expense)/refund

(3,879)

197

(9,906)

(970)

Loss for the period

(11,527)

(91,506)

(70,760)

(252,538)

Loss per share for the period - Rs.

(0.03)

(0.28)

(0.21)

(0.78)

(Basic / Diluted)

The above figures are provisional and subject to audit.

2

Aitken Spence Hotel Holdings PLC

Consolidated Statement of Comprehensive Income

Quarter ended

Nine months ended

31st December

31st December

2021

2020

2021

2020

Rs.' 000

Rs.' 000

Rs.' 000

Rs.' 000

Profit/(loss) for the period

1,366,278

(1,733,598)

(1,129,428)

(6,634,775)

Other comprehensive income/(loss)

Items that will never be reclassified to profit or loss

Share of other comprehensive income of equity accounted investees

-

-

5,240

-

Actuarial gains/(losses) on defined benefit obligations

-

-

-

-

Income tax on other comprehensive income

-

-

-

-

-

-

5,240

-

Items that are or may be reclassified to profit or loss

Foreign currency translation differences of foreign operations

(24,528)

66,138

45,503

(155,527)

Net movement on cash flow hedges

147,316

(346,496)

200,650

(586,224)

122,788

(280,358)

246,153

(741,751)

Other comprehensive income/(loss) for the period (net of tax)

122,788

(280,358)

251,393

(741,751)

Total comprehensive income/(loss) for the period (net of tax)

1,489,066

(2,013,956)

(878,035)

(7,376,526)

Attributable to:

Equity holders of the parent company

856,637

(1,301,052)

(736,249)

(4,741,761)

Non -controlling interests

632,429

(712,904)

(141,786)

(2,634,765)

Total comprehensive income/(loss) for the period (net of tax)

1,489,066

(2,013,956)

(878,035)

(7,376,526)

The above figures are provisional and subject to audit.

3

Aitken Spence Hotel Holdings PLC

Statement of Comprehensive Income - Company

Quarter ended

Nine months ended

31st December

31st December

2021

2020

2021

2020

Rs.' 000

Rs.' 000

Rs.' 000

Rs.' 000

Loss for the period

(11,527)

(91,506)

(70,760)

(252,538)

Other comprehensive income/(loss)

Items that will never be reclassified to profit or loss

Share of other comprehensive income of equity accounted investees

-

-

-

-

Actuarial gains/(losses) on defined benefit obligations

-

-

-

-

Income tax on other comprehensive income

-

-

-

-

-

-

-

-

Items that are or may be reclassified to profit or loss

Foreign currency translation differences of foreign operations

-

-

-

-

Net movement on cash flow hedges

-

-

-

-

-

-

-

-

Other comprehensive income/(loss) for the period (net of tax)

-

-

-

-

Total comprehensive loss for the period (net of tax)

(11,527)

(91,506)

(70,760)

(252,538)

The above figures are provisional and subject to audit.

4

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Aitken Spence Hotel Holdings plc published this content on 14 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 February 2022 09:32:02 UTC.