HUNAS HOLDINGS PLC
Company Registration Number PQ 72
Interim Report - 1st Quarter
Period Ended 30th June 2022
Hunas Holdings PLC and its subsidiaries
STATEMENT OF FINANCIAL POSITION
As at 30 June (Unaudited) | As at 31 March | ||||||||
(Unaudited) | |||||||||
2022 | 2022 | 2021 | 2022 | 2022 | |||||
Rs. '000 | Rs. '000 | Rs. '000 | Rs. '000 | Rs. '000 | |||||
ASSETS | Group | Company | Company | Group | Company | ||||
Non current assets | |||||||||
Property, plant and equipment | 4,173,934 | 339,641 | 353,150 | 4,197,124 | 343,197 | ||||
Right of use Assets | 80,737 | - | 81,587 | - | |||||
Bearer biological assets | 1,419,013 | - | 1,418,758 | - | |||||
Consumable biological assets | 450,270 | - | 450,270 | - | |||||
Investment property | 3,037 | - | 3,037 | - | |||||
Investment in subsidiary | - | 3,829,411 | - | 3,829,411 | |||||
Investment in associates | 338,423 | 424,662 | 329,185 | 424,662 | |||||
Amount due from related parties | 115,946 | 115,946 | 115,946 | 115,946 | 115,946 | ||||
Investment in fixed deposits | 30,600 | - | 29,680 | - | |||||
Investment In equity shares | 90,759 | - | 90,759 | - | |||||
Goodwill | 293,579 | - | 293,579 | - | |||||
6,996,297 | 4,709,661 | 469,096 | 7,009,925 | 4,713,217 | |||||
Current assets | |||||||||
Inventories | 159,710 | 3,850 | 2,479 | 102,873 | 5,177 | ||||
Advances & Deposits | 10,647 | 1,588 | 894 | 13,288 | 2,323 | ||||
Trade and other receivables | 22,035 | 3,326 | 41,130 | 15,795 | 3,399 | ||||
Short term investment - Fixed deposits | 15,601 | - | 13,500 | - | |||||
Amount due from related parties | 55,904 | 40,000 | 45,620 | 40,000 | |||||
Tax recoverable | 708 | 708 | 708 | 854 | 708 | ||||
Cash and cash equivalents | 12,720 | 3,228 | 3,264 | 19,518 | 6,256 | ||||
277,325 | 52,699 | 48,475 | 211,447 | 57,863 | |||||
Total assets | 7,273,622 | 4,762,360 | 517,571 | 7,221,372 | 4,771,079 | ||||
EQUITY AND LIABILITIES | |||||||||
Capital and reserves | |||||||||
Stated capital | 4,336,573 | 4,336,573 | 82,500 | 4,336,573 | 4,336,573 | ||||
Revaluation reserve | 95,874 | 95,874 | 95,874 | 95,874 | 95,874 | ||||
Retained earnings | 31,570 | 61,031 | 117,157 | 66,607 | 76,002 | ||||
Non controlling interest | 149,206 | - | 150,515 | - | |||||
Total equity | 4,613,223 | 4,493,478 | 295,531 | 4,649,569 | 4,508,449 | ||||
Non current liabilities | |||||||||
Deferred tax liability | 36,996 | 36,969 | 36,969 | 36,996 | 36,969 | ||||
Interest bearing loans and borrowings | 1,023,062 | 115,946 | 115,946 | 1,025,077 | 115,946 | ||||
Retentions | 12,020 | - | 12,020 | - | |||||
Retirement benefit obligations | 52,342 | 6,261 | 7,826 | 52,203 | 6,642 | ||||
1,124,420 | 159,177 | 160,742 | 1,126,295 | 159,557 | |||||
Current liabilities | |||||||||
Trade and other payables | 192,125 | 41,462 | 45,465 | 117,148 | 35,270 | ||||
Amounts due to related parties | 1,270,913 | 55,349 | 1,249,086 | 52,378 | |||||
Contract liabilities | 4,683 | 4,683 | 8,147 | 8,147 | |||||
Bank overdraft | 68,258 | 8,212 | 15,833 | 71,126 | 7,277 | ||||
1,535,979 | 109,705 | 61,298 | 1,445,508 | 103,073 | |||||
Total equity and liabilities | 7,273,622 | 4,762,360 | 517,571 | 7,221,372 | 4,771,079 | ||||
The Statement of Financial Position as at 30 June 2022 and The Statement of Profit or Loss & Other Comprehensive Income, Statement of Changes in Equity and Cash flow Statement for the quarter then ended are drawn up from the unaudited Financial Statements of the company and they provide the information required by the Colombo Stock Exchange.
Head of Finance
The Board of Directors is responsible for the preparation and presentation of these Financial Statements.
Signed for and on behalf of the Board by ;
Director | Director |
05th October 2022
Colombo
Hunas Holdings PLC and its subsidiaries
STATEMENT OF CHANGES IN EQUITY
Quarter ended 30 June 2022
Revaluation | Retained | Non | ||||
Group | Stated capital | controlling | Total | |||
reserve | earnings | |||||
interest | ||||||
Rs. '000 | Rs. '000 | Rs. '000 | Rs. '000 | Rs. '000 | ||
Balance as at 01 April 2022 | 4,336,573 | 95,874 | 61,791 | 149,716 | 4,643,955 | |
Loss for the period | - | - | (30,221) | (510) | (30,731) | |
Previous year adjustment | ||||||
Balance as at 30 June 2022 | ||||||
4,336,573 | 95,874 | 31,570 | 149,206 | 4,613,223 | ||
Company | Stated capital | Revaluation | Retained | Total | ||
reserve | earnings | |||||
Rs. '000 | Rs. '000 | Rs. '000 | Rs. '000 | |||
Balance as at 01 April 2022 | 4,336,573 | 95,874 | 76,002 | 4,508,449 | ||
Profit for the period | - | - | (14,971) | (14,971) | ||
Balance as at 30 June 2022 | 4,336,573 | 95,874 | 61,031 | 4,493,478 |
Hunas Holdings PLC and its subsidiaries
STATEMENT OF PROFIT OR LOSS
Quarter ended 30 June (Unaudited) | Year ended 31 | |||||||
March(Unaudited) | ||||||||
2022 | 2022 | 2021 | 2022 | 2022 | ||||
Rs. '000 | Rs. '000 | Rs. '000 | Rs. '000 | Rs. '000 | ||||
Group | Company | Company | Group | Company | ||||
Revenue | 395,269 | 25,151 | 8,060 | 225,426 | 59,525 | |||
Cost of sale | (330,517) | (13,960) | (4,532) | (180,801) | (30,096) | |||
Gross profit | 64,752 | 11,191 | 3,527 | 44,625 | 29,430 | |||
Administrative expenses | (77,108) | (25,690) | (15,627) | (98,791) | (80,313) | |||
Selling and distribution expenses | (2,407) | (679) | (358) | (4,284) | (3,109) | |||
Other income | 448 | 310 | 40 | 720 | 627 | |||
Share of loss from associates | 9,238 | - | - | (4,718) | - | |||
Gain on bargain purchase | - | - | - | 8,825 | - | |||
Loss from operating activities | (5,076) | (14,869) | (12,418) | (53,623) | (53,364) | |||
Finance cost | (25,655) | (99) | (117) | (9,434) | (343) | |||
Finance income | - | (2) | 26 | 69 | 42 | |||
Loss before tax | (30,731) | (14,971) | (12,510) | (62,987) | (53,665) | |||
Income tax expense | - | - | - | - | - | |||
Loss for the year | ||||||||
(30,731) | (14,971) | (12,510) | (62,987) | (53,665) | ||||
Other Comprehensive Income | ||||||||
Actuarial Gain/(Loss) on Defined Benefits | ||||||||
Obligation | ||||||||
Income Tax Effect | ||||||||
Total Other Comprehensive Income | ||||||||
Total Other Comprehensive Income | ||||||||
(30,731) | (14,971) | (12,510) | (62,987) | (53,665) | ||||
Loss attributable to: | ||||||||
Equity Holders of the owners of the parent | (30,221) | (63,060) | ||||||
Non-Controlling Interest | (510) | 73 | ||||||
(30,731) | (62,987) | |||||||
Hunas Holdings PLC and its subsidiaries
STATEMENT OF CASH FLOWS
Quarter ended 30 June 2022
Cash flows from / (used in) operating activities
Net loss before income tax expense
Adjustments for:
Depreciation of property, plant and equipment Depreciation of right of use asset
Share of profit from associates Finance cost
Provision for retirement benefit liability Finance income
Operating profit before working capital changes
Working capital changes (Increase)/decrease in inventories (Increase/decrease in Advances & Deposits (Increase/decrease in trade and other receivables (Increase)/decrease in amounts due from related parties Increase/(decrease) in amounts due to related parties Increase/(decrease) in contract liabilities Increase/(decrease) in trade and other payables
Cash generated from operations
Gratuity paid
Tax paid
Finance cost paid
Net cash flows from operating activities
Cash flows from /(used in) investing activities
Purchase and construction of property, plant and equipment Cost incurred on bearer biological assets
Investments in fixed deposits Interest income received
Net cash flows from/(used in) investing activities
Net cash flows from / (used in) financing activities Repayment of interest bearing loans and borrowings Net cash flows from / (used in) financing activities
Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year
2022 | 2022 |
Rs. '000 | Rs. '000 |
Group | Company |
(30,731) | (14,971) |
- | - |
- | - |
27,290 | 3,955 |
850-
(9,238)-
25,655 | 99 |
590 | 69 |
- | 2 |
14,416 | (10,845) |
- | - |
- | - |
(56,837) | 1,328 |
2,641 | 365 |
(6,252) | 443 |
(10,038) | - |
13,586 | 2,970 |
(3,465) | - |
75,268 | 2,727 |
29,320 | (3,012) |
- | - |
- | - |
- (450)
146-
(25,655) | (99) |
3,360 | (3,561) |
- | - |
- | - |
(4,101) | (399) |
(255) | - |
(919) | - |
- | (2) |
(5,275) | (401) |
- | - |
- | - |
(2,015) | - |
(2,015) | - |
- | - |
(3,930) | (3,962) |
(51,608) | (1,022) |
(55,539) | (4,984) |
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Hunas Falls Hotels plc published this content on 19 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2022 04:12:00 UTC.