RENATA LIMITED
FINANCIAL STATEMENTS FOR THE PERIOD JULY 2022 TO MARCH 2023
RENATA LIMITED
Plot-1, Milk Vita Road, Section-7
Mirpur, Dhaka-1216
Dear Shareholders,
Subject: Financial statements for the third quarter ended 31 March 2023
We are pleased to present the unaudited third quarter financial statements of Renata Limited containing the Statement of Financial Position as at 31 March 2023, the Statement of Profit or Loss and Other Comprehensive Income, the Statement of Cash Flows and the Statement of Changes in Equity for the third quarter ended 31 March 2023. The details of the published third 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 March 2023
(Unaudited)
ASSETS | Notes | 31 March 2023 | 30 June 2022 |
Taka in 000's | Taka in 000's | ||
Non-current assets | |||
Property, plant and equipment (WDV) | 1 | 14,356,072 | 14,725,402 |
Capital work-in-progress | 2 | 15,356,211 | 11,784,754 |
Investment in subsidiaries | 3 | 190,010 | 9.720 |
Total non-current assets | 29,902,293 | 26,510,166 | |
Current assets | |||
Inventories | 4 | 11,384,048 | 8,485,601 |
Trade receivables | 3,732,781 | 3,254,335 | |
Other receivables | 733,035 | 610,977 | |
Advances, deposits and prepayments | 5 | 1,436,438 | 841,243 |
Investment in shares and FDR | 6 | 544,336 | 1,534,717 |
Cash and cash equivalents | 7 | 852,698 | 778,537 |
Total current assets | 18,683,336 | 15,505,410 | |
Total assets | 48,585,629 | 42,015,576 | |
EQUITY AND LIABILITIES | |||
Shareholders' equity | |||
Share capital | 8 | 1,146,965 | 1,071,930 |
Revaluation surplus | 152,498 | 152,868 | |
Other reserves | 219,338 | 219,338 | |
Fair value reserve | 23,934 | 26,568 | |
Retained earnings | 29,058,739 | 27,941,599 | |
Total shareholders' equity | 30,601,474 | 29,412,303 | |
Non-current liabilities | |||
Long term loan- net of current portion | 1,449,958 | - | |
Deferred tax liabilities | 9 | 1,368,493 | 1,405,429 |
Total non-current liabilities | 2,818,451 | 1,405,429 | |
Current liabilities | |||
Short term bank loan and overdrafts | 10 | 11,548,626 | 8,896,466 |
Long term loan- current portion | 960,637 | - | |
Trade payables | 729,460 | 494,645 | |
Other payables | 1,894,439 | 1,782,837 | |
Unclaimed dividend account | 32,542 | 23,896 | |
Total current liabilities | 15,165,704 | 11,197,844 | |
Total equity and liabilities | 48,585,629 | 42,015,576 | |
Net asset value (NAV) per share | 15 | 266.80 | 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 | Mustafa Alim Aolad |
Chairman | CEO and Managing Director | Independent Director | Company Secretary | Chief Financial Officer |
Page 1
Renata Limited
Statement of Profit or Loss and Other Comprehensive Income for the period from 01 July 2022 to 31 March 2023
(Unaudited)
Notes | 2022-2023 | 2021-2022 | 2023 | 2022 | |
(July-March) | (July-March) | (January-March) | (January-March) | ||
Taka in 000's | Taka in 000's | Taka in 000's | Taka in 000's | ||
Turnover | 11 | 24,392,795 | 22,431,301 | 8,445,967 | 7,389,531 |
Cost and expenses: | |||||
Cost of sales | 12 | 13,059,788 | 11,735,137 | 4,539,707 | 3,865,960 |
Administrative, selling, marketing & distribution expenses | 7,295,545 | 5,319,411 | 3,047,792 | 1,972,961 | |
Total cost and expenses | 20,355,333 | 17,054,548 | 7,587,499 | 5,838,921 | |
Operating profit | 4,037,462 | 5,376,753 | 858,468 | 1,550,610 | |
Other income | 195,090 | 215,918 | 151,886 | 134,445 | |
Finance costs | 839,125 | 194,293 | 271,482 | 80,217 | |
Profit before contribution to workers' participation fund | 3,393,427 | 5,398,378 | 738,872 | 1,604,838 | |
Contribution to workers' participation fund | 161,592 | 257,066 | 35,184 | 76,421 | |
Profit before tax | 3,231,835 | 5,141,312 | 703,688 | 1,528,417 | |
Provision for income tax | 14 | 539,435 | 1,086,635 | 110,089 | 177,473 |
Net profit after tax for the period | 2,692,400 | 4,054,677 | 593,599 | 1,350,944 | |
Other comprehensive income | |||||
Net profit after tax for the period | 2,692,400 | 4,054,677 | 593,599 | 1,350,944 | |
Items that will not be reclassified to profit or loss | |||||
Fair value adjustment on investment in shares, net of tax | (2,634) | 4,569 | - | (1,245) | |
Realised gain/ (loss) on disposal of shares | - | 61 | - | - | |
Total comprehensive income for the period | 2,689,766 | 4,059,307 | 593,599 | 1,349,699 | |
Basic earnings per share i.e. EPS (par value of Tk. 10) | 16 | 23.47 | 35.35 | 5.18 | 11.78 |
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 | Mustafa Alim Aolad |
Chairman | CEO and Managing Director | Independent Director | Company Secretary | Chief Financial Officer |
Page 2
Renata Limited
Statement of Cash Flows for the period from 01 July 2022 to 31 March 2023
(Unaudited)
Notes | 2022-2023 | 2021-2022 |
(July-March) | (July-March) | |
Taka in 000's | Taka in 000's |
- Cash flows from operating activities:
Collection from customers and other income | 28,359,355 | 25,800,296 | ||
Payment for cost and expenses | (27,534,442) | (22,959,745) | ||
Income tax paid | (755,593) | (913,997) | ||
Net cash generated from operating activities | 17 | 69,320 | 1,926,554 | |
B. | Cash flows from investing activities: | |||
Acquisition of fixed assets | (4,203,008) | (6,516,369) | ||
Investment in shares and FDR | 1,043,265 | 3,510,362 | ||
Advance payment to subsidiaries | (4,144) | 29,235 | ||
Investment in subsidiaries | (190,000) | - | ||
Sale proceeds of property, plant and equipment | 168,264 | 13,832 | ||
Net cash used in investing activities | (3,185,623) | (2,962,940) |
- Cash flows from financing activities:
Loans received/ (repaid) (net) | 4,636,622 | 2,214,329 | |
Dividend paid | (1,492,056) | (1,427,949) | |
Net cash used in financing activities | 3,144,566 | 786,380 | |
D. | Effect of exchange rate changes on cash and cash equivalents | 45,898 | 4,257 |
E. | Net increase/ (decrease) in cash & cash equivalents (A+B+C+D) | 74,161 | (245,749) |
F. | Opening cash and cash equivalents | 778,537 | 1,356,085 |
G. | Closing cash and cash equivalents (E+F) | 852,698 | 1,110,336 |
Net operating cash flow per share | 18 | 0.60 | 16.80 |
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 | Mustafa Alim Aolad |
Chairman | CEO and Managing Director | Independent Director | Company Secretary | Chief Financial Officer |
Page 3
Renata Limited and its subsidiaries
Consolidated Statement of Financial Position as at 31 March 2023
(Unaudited)
ASSETS | Notes | 31 March 2023 | 30 June 2022 |
Taka in 000's | Taka in 000's | ||
Non-current assets | |||
Property, plant and equipment (WDV) | 1(a) | 14,356,072 | 14,725,402 |
Capital work-in-progress | 2(a) | 15,356,211 | 11,784,754 |
Total non-current assets | 29,712,283 | 26,510,156 | |
Current assets | |||
Inventories | 4 | 11,384,048 | 8,485,601 |
Trade receivables | 3,732,781 | 3,254,335 | |
Other receivables | 728,682 | 610,807 | |
Advances, deposits and prepayments | 5(a) | 1,436,606 | 841,243 |
Investment in shares and FDR | 6 | 544,336 | 1,534,717 |
Cash and cash equivalents | 7(a) | 1,065,781 | 778,574 |
Total current assets | 18,892,234 | 15,505,277 | |
Total assets | 48,604,517 | 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 | 152,498 | 152,868 | |
Other reserves | 219,338 | 219,338 | |
Fair value reserve | 23,934 | 26,568 | |
Translation reserve | 31,532 | - | |
Retained earnings | 29,043,339 | 27,941,463 | |
Total equity | 30,617,606 | 29,412,167 | |
Non-current liabilities | |||
Long term loan- net of current portion | 1,449,958 | - | |
Deferred tax liabilities | 9(a) | 1,368,493 | 1,405,429 |
Total non-current liabilities | 2,818,451 | 1,405,429 | |
Current liabilities | |||
Short term bank loan and overdrafts | 10 | 11,548,626 | 8,896,466 |
Long term loan- current portion | 960,637 | - | |
Trade payables | 729,460 | 494,645 | |
Other payables | 1,897,195 | 1,782,830 | |
Unclaimed dividend account | 32,542 | 23,896 | |
Total current liabilities | 15,168,460 | 11,197,837 | |
Total equity and liabilities | 48,604,517 | 42,015,433 | |
Net asset value (NAV) per share | 15(a) | 266.94 | 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 | Mustafa Alim Aolad |
Chairman | CEO and Managing Director | Independent Director | Company Secretary | Chief Financial Officer |
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Renata Limited published this content on 29 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2023 09:17:09 UTC.