Renata : Financial Statements for the second quarter ended December 31, 2022

RENATA LIMITED

FINANCIAL STATEMENTS FOR THE PERIOD JULY TO DECEMBER 2022

RENATA LIMITED

Plot-1, Milk Vita Road, Section-7

Mirpur, Dhaka-1216

Dear Shareholders,

Subject: Financial Statements for the second quarter ended 31 December 2022

We are pleased to present the unaudited second quarter financial statements of Renata Limited containing the Statement of Financial Position as at 31 December 2022, the Statement of Profit or Loss and Other Comprehensive Income, the Statement of Cash Flows and the Statement of Changes in Equity for the second quarter ended 31 December 2022. The details of the published second quarter financial statements are available in the website of the Company. The address of the website is www.renata- ltd.com

Yours Sincerely

for RENATA LIMITED

Syed S. Kaiser Kabir

CEO and Managing Director

Renata Limited

Statement of Financial Position as at 31 December 2022

(Unaudited)

ASSETS	Notes	31 December 2022	30 June 2022
	Taka in 000's	Taka in 000's
Non-current assets
Property, plant and equipment (WDV)	1	14,568,399	14,725,402
Capital work-in-progress	2	14,148,563	11,784,754
Investment in subsidiaries	3	190,010	9.720
Total non-current assets		28,906,972	26,510,166
Current assets
Inventories	4	10,956,889	8,485,601
Trade receivables		3,299,905	3,254,335
Other receivables		810,393	610,977
Advances, deposits and prepayments	5	1,665,106	841,243
Investment in shares and FDR	6	532,001	1,534,717
Cash and cash equivalents	7	989,969	778,537
Total current assets		18,254,263	15,505,410
Total assets		47,161,235	42,015,576
EQUITY AND LIABILITIES
Shareholders' equity
Share capital	8	1,146,965	1,071,930
Revaluation surplus		152,622	152,868
Other reserves		219,338	219,338
Fair value reserve		23,935	26,568
Retained earnings		28,464,981	27,941,599
Total shareholders' equity		30,007,841	29,412,303
Non-current liabilities
Long term loan- net of current portion		1,207,572	-
Deferred tax liabilities	9	1,378,426	1,405,429
Total non-current liabilities		2,585,998	1,405,429
Current liabilities
Short term bank loan and overdrafts	10	10,130,292	8,896,466
Long term loan- current portion		355,433	-
Trade payables		626,802	494,645
Other payables		1,930,865	1,782,837
Unclaimed dividend account		1,524,004	23,896
Total current liabilities		14,567,396	11,197,844
Total equity and liabilities		47,161,235	42,015,576
Net asset value (NAV) per share	15	261.63	256.44
Number of shares used to compute NAV	Nos. in 000's	114,696	114,696

Dr. Sarwar Ali	Syed S. Kaiser Kabir	Nehal Ahmed	Md. Jubayer Alam	Khokan Chandra Das
Chairman	CEO and Managing Director	Independent Director	Company Secretary	Head of Finance

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Renata Limited

Statement of Profit or Loss and Other Comprehensive Income for the period from 01 July to 31 December 2022

(Unaudited)

		2022	2021	2022	2021
	Notes	(July-December)	(July-December)	(October-December)	(October-December)
		Taka in 000's	Taka in 000's	Taka in 000's	Taka in 000's
Turnover	11	15,946,828	15,041,770	7,576,182	7,473,847
Cost and expenses:
Cost of sales	12	9,254,731	7,869,177	4,837,224	3,909,942
Administrative, selling, marketing & distribution expenses		3,513,103	3,346,450	1,420,713	1,606,158
Total cost and expenses		12,767,834	11,215,627	6,257,937	5,516,100
Operating profit		3,178,994	3,826,143	1,318,245	1,957,747
Other income		43,204	81,473	24,127	54,657
Finance costs		567,643	114,076	281,585	60,987
Profit before contribution to workers' participation fund		2,654,555	3,793,540	1,060,787	1,951,417
Contribution to workers' participation fund		126,408	180,645	50,514	92,925
Profit before tax		2,528,147	3,612,895	1,010,273	1,858,492
Provision for income tax	14	429,346	909,161	156,672	516,963
Net profit after tax for the period		2,098,801	2,703,734	853,601	1,341,529
Other comprehensive income
Net profit after tax for the period		2,098,801	2,703,734	853,601	1,341,529
Items that will not be reclassified to profit or loss
Fair value adjustment on investment in shares, net of tax		(2,634)	5,814	(3)	(8,312)
Realised gain/ (loss) on disposal of shares		-	61	-	-
Total comprehensive income for the period		2,096,167	2,709,609	853,598	1,333,217
Basic earnings per share i.e. EPS (par value of Tk. 10)	16	18.30	23.57	7.44	11.70
Number of shares used to compute EPS	Nos. in 000's	114,696	114,696	114,696	114,696

Dr. Sarwar Ali	Syed S. Kaiser Kabir	Nehal Ahmed	Md. Jubayer Alam	Khokan Chandra Das
Chairman	CEO and Managing Director	Independent Director	Company Secretary	Head of Finance

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Renata Limited

Statement of Cash Flows for the period from 01 July to 31 December 2022

(Unaudited)

Notes	2022	2021
(July-December)	(July-December)
	Taka in 000's	Taka in 000's

1. Cash flows from operating activities:

	Collection from customers and other income		18,799,844	17,123,598
	Payment for cost and expenses		(18,540,973)	(14,995,499)
	Income tax paid		(542,601)	(527,947)
	Net cash generated from operating activities	17	(283,730)	1,600,152
B.	Cash flows from investing activities:
	Acquisition of fixed assets		(2,860,426)	(3,618,170)
	Investment in shares and FDR		1,043,265	462,106
	Advance payment to subsidiaries		-	36,920
	Investment in subsidiaries		(190,000)	-
	Sale proceeds of property, plant and equipment		10,181	3,600
	Net cash used in investing activities		(1,996,980)	(3,115,544)

1. Cash flows from financing activities:

	Loans received/ (repaid) (net)	2,460,399	831,140
	Dividend paid	(593)	(18,939)
	Net cash used in financing activities	2,459,806	812,201
D.	Effect of exchange rate changes on cash and cash equivalents	32,336	2,967
E.	Net increase/ (decrease) in cash & cash equivalents (A+B+C+D)	211,432	(700,224)
F.	Opening cash and cash equivalents	778,537	1,356,085
G.	Closing cash and cash equivalents (E+F)	989,969	655,861

Net operating cash flow per share	18	(2.47)	13.95
Number of shares used to compute net operating cash
flow per share	Nos. in 000's	114,696	114,696

Dr. Sarwar Ali	Syed S. Kaiser Kabir	Nehal Ahmed	Md. Jubayer Alam	Khokan Chandra Das
Chairman	CEO and Managing Director	Independent Director	Company Secretary	Head of Finance

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Renata Limited and its subsidiaries

Consolidated Statement of Financial Position as at 31 December 2022

(Unaudited)

ASSETS	Notes	31 December 2022	30 June 2022
	Taka in 000's	Taka in 000's
Non-current assets
Property, plant and equipment (WDV)	1(a)	14,568,399	14,725,402
Capital work-in-progress	2(a)	14,148,563	11,784,754
Total non-current assets		28,716,962	26,510,156
Current assets
Inventories	4	10,956,889	8,485,601
Trade receivables		3,299,905	3,254,335
Other receivables		810,224	610,807
Advances, deposits and prepayments	5	1,665,106	841,243
Investment in shares and FDR	6	532,001	1,534,717
Cash and cash equivalents	7(a)	1,205,191	778,574
Total current assets		18,469,316	15,505,277
Total assets		47,186,278	42,015,433
EQUITY AND LIABILITIES
Equity attributable to equity holders of Renata Limited
Share capital	8	1,146,965	1,071,930
Revaluation surplus		152,622	152,868
Other reserves		219,338	219,338
Fair value reserve		23,935	26,568
Retained earnings		28,490,029	27,941,463
Total equity		30,032,889	29,412,167
Non-current liabilities
Long term loan- net of current portion		1,207,572	-
Deferred tax liabilities	9(a)	1,378,426	1,405,429
Total non-current liabilities		2,585,998	1,405,429
Current liabilities
Short term bank loan and overdrafts	10	10,130,292	8,896,466
Long term loan- current portion		355,433	-
Trade payables		626,802	494,645
Other payables		1,930,860	1,782,830
Unclaimed dividend account		1,524,004	23,896
Total current liabilities		14,567,391	11,197,837
Total equity and liabilities		47,186,278	42,015,433
Net asset value (NAV) per share	15(a)	261.85	256.43
Number of shares used to compute NAV	Nos. in 000's	114,696	114,696

Dr. Sarwar Ali	Syed S. Kaiser Kabir	Nehal Ahmed	Md. Jubayer Alam	Khokan Chandra Das
Chairman	CEO and Managing Director	Independent Director	Company Secretary	Head of Finance

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