Renata : Quarterly Report 2022-23 (First Quarter)

RENATA LIMITED

FINANCIAL STATEMENTS FOR THE PERIOD JULY TO SEPTEMBER 2022

RENATA LIMITED

Plot-1, Milk Vita Road, Section-7

Mirpur, Dhaka-1216

Dear Shareholders,

Subject: Financial Statements for the first quarter ended 30 September 2022

We are pleased to present the unaudited first quarter financial statements of Renata Limited containing the Statement of Financial Position as at 30 September 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 first quarter ended 30 September 2022. The details of the published first 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 30 September 2022

(Unaudited)

ASSETS	Notes	30 September 2022		30 June 2022
	Taka in 000's		Taka in 000's
Non-current assets
Property, plant and equipment (WDV)	1	14,714,940		14,725,402
Capital work-in-progress	2	12,899,791		11,784,754
Investment in subsidiaries	3	9.720		9.720
Total non-current assets		27,614,741		26,510,166
Current assets
Inventories	4	9,087,183		8,485,601
Trade receivables		3,540,545		3,254,335
Other receivables		555,538		610,977
Advances, deposits and prepayments	5	1,173,112		841,243
Investment in shares and FDR	6	523,293		1,534,717
Cash and cash equivalents	7	787,938		778,537
Total current assets		15,667,609		15,505,410
Total assets		43,282,350		42,015,576
EQUITY AND LIABILITIES
Shareholders' equity
Share capital	8	1,071,930		1,071,930
Revaluation surplus		152,746		152,868
Other reserves		219,338		219,338
Fair value reserve		23,938		26,568
Retained earnings		29,186,957		27,941,599
Total shareholders' equity		30,654,909		29,412,303
Non-current liabilities
Long term loan- net of current portion		284,937		-
Deferred tax liabilities	9	1,391,425		1,405,429
Total non-current liabilities		1,676,362		1,405,429
Current liabilities
Short term bank loan and overdrafts	10	8,263,850		8,896,466
Long term loan- current portion		82,638		-
Trade payables		381,237		494,645
Other payables		2,200,025		1,782,837
Unclaimed dividend account		23,329		23,896
Total current liabilities		10,951,079		11,197,844
Total equity and liabilities		43,282,350		42,015,576

Net asset value (NAV) per share		15	285.98	274.39
Number of shares used to compute NAV		Nos. in 000's	107,193	107,193
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 30 September 2022

(Unaudited)

	Notes	2022	2021
	(July-September)		(July-September)
		Taka in 000's		Taka in 000's
Turnover	11	8,370,646	7,567,924
Cost and expenses:
Cost of sales	12	4,417,506		3,959,235
Administrative, selling, marketing & distribution expenses		2,092,391		1,740,292
Total cost and expenses		6,509,897		5,699,527
Operating profit		1,860,749		1,868,397
Other income		19,077	26,815
Finance costs		286,059		53,089
Profit before contribution to workers' participation fund		1,593,767	1,842,123
Contribution to workers' participation fund		75,894		87,720
Profit before tax		1,517,873	1,754,403
Provision for income tax	14	272,674	392,198
Net profit after tax for the period		1,245,199		1,362,205
Other comprehensive income
Net profit after tax for the period		1,245,199	1,362,205
Items that will not be reclassified to profit or loss
Fair value adjustment on investment in shares, net of tax		(2,631)	14,126
Realised gain/ (loss) on disposal of shares		-	61
Total comprehensive income for the period		1,242,568		1,376,392
Basic earnings per share i.e. EPS (par value of Tk. 10)	16	11.62	12.71
Number of shares used to compute EPS	Nos. in 000's	107,193	107,193

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 30 September 2022

(Unaudited)

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

1. Cash flows from operating activities:

	Collection from customers and other income		9,651,213		8,945,425
	Payment for cost and expenses		(8,349,147)		(7,116,841)
	Income tax paid	17	(274,549)		(285,275)
	Net cash generated from operating activities	1,027,517		1,543,309
B.	Cash flows from investing activities:
	Acquisition of fixed assets
		(1,424,868)		(1,593,764)
	Investment in shares and FDR		1,046,690		(428,595)
	Advance payment to subsidiaries		(190,000)		35,187
	Sale proceeds of property, plant and equipment		2,187		465
	Net cash used in investing activities		(565,991)		(1,986,707)

1. Cash flows from financing activities:

	Loans received/ (repaid) (net)	(482,521)		432,628
	Dividend paid	(567)		(18,288)
	Net cash used in financing activities	(483,088)		414,340
D.	Effect of exchange rate changes on cash and cash equivalents	30,963	2,115
E.	Net increase/ (decrease) in cash & cash equivalents (A+B+C+D)	9,401	(26,943)
F.	Opening cash and cash equivalents	778,537	1,356,085
G.	Closing cash and cash equivalents (E+F)
787,938		1,329,142

Net operating cash flow per share	18	9.59	14.40
Number of shares used to compute net operating cash
flow per share	Nos. in 000's	107,193	107,193

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 30 September 2022

(Unaudited)

ASSETS	Notes	30 September 2022		30 June 2022
	Taka in 000's		Taka in 000's
Non-current assets
Property, plant and equipment (WDV)	1(a)	14,714,940		14,725,402
Capital work-in-progress	2(a)	12,899,791		11,784,754
Total non-current assets		27,614,731		26,510,156
Current assets
Inventories	4	9,087,183		8,485,601
Trade receivables		3,540,545		3,254,335
Other receivables		555,369		610,807
Advances, deposits and prepayments	5(a)	983,112		841,243
Investment in shares and FDR	6	523,293		1,534,717
Cash and cash equivalents	7(a)	977,959		778,574
Total current assets		15,667,461		15,505,277
Total assets		43,282,192		42,015,433
EQUITY AND LIABILITIES
Equity attributable to equity holders of Renata Limited
Share capital	8	1,071,930		1,071,930
Revaluation surplus		152,746		152,868
Other reserves		219,338		219,338
Fair value reserve		23,938		26,568
Retained earnings		29,186,804		27,941,463
Total equity		30,654,756		29,412,167
Non-current liabilities
Long term loan- net of current portion		284,937		-
Deferred tax liabilities	9(a)	1,391,425		1,405,429
Total non-current liabilities		1,676,362		1,405,429
Current liabilities
Short term bank loan and overdrafts	10	8,263,850		8,896,466
Long term loan- current portion		82,638		-
Trade payables		381,237		494,645
Other payables		2,200,020		1,782,830
Unclaimed dividend account		23,329		23,896
Total current liabilities		10,951,074		11,197,837
Total equity and liabilities		43,282,192		42,015,433

Net asset value (NAV) per share		15(a)	285.98	274.39
Number of shares used to compute NAV		Nos. in 000's	107,193	107,193
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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