Lanka Hospitals : Quarterly financial report as at 30-09-2022

PROVISIONAL CONSOLIDATED FINANCIAL

STATEMENTS

FOR THE QUARTER ENDED

30th September 2022

The Lanka Hospitals

C O R P O R A T I O N PLC (PQ 180)

THE LANKA HOSPITALS CORPORATION PLC

Provisional Consolidated Financial Statements

For the Quarter ended

30th September 2022

Board of Directors

Dr.Bandula WIJESIRIWARDENA - Chairman

Mr. Ashish BHATIA

Ms. Richa Singh DEBGUPTA

Ms.Roshini CABRAAL

Dr.Ravindra RUBERU

Ms.Lakshmi SANGAKKARA

Mr. Mayura FERNANDO

Mr. Kushan De ALWIS PC

Mr. Nadun FERNANDO

Dr. Kanishka KARUNARATNE

Mr. Kasun RAJAPAKSA

Mr.Ronald C PERERA PC ( Appointed on 14th October 2022 ) Mr. Anurag KALRA - ( Alternate Director to Mr. Ashish BHATIA ) Mr. Rajiv PURI (Alternate Director to Ms. Richa Singh DEBGUPTA )

Principal Place of Business & Registered Office

No. 578, Elvitigala Mawatha, Narahenpita, Colombo 05

Tel: [phone] Fax: [phone]

E-mail: [e-mail]

Web: www.lankahospitals.com

THE LANKA HOSPITALS CORPORATION PLC

Provisional Consolidated Financial Statements for the Quarter ended 30th September 2022

Statement of Financial Position	Group
As at,	30th Sep 2022		31st Dec 2021
			Adjusted
	Rs.		Rs.
ASSETS
Non Current Assets
Property, Plant & Equipment	4,735,190,255		4,718,257,761
Right of Use Assets	529,101,673		533,477,044
Intangible Assets	50,718,836		55,276,003
Investment Property	-		-
Investment in Subsidiary	-		-
Total Non Current Assets	5,315,010,764		5,307,010,807
Current Assets
Inventories	1,145,947,724		455,449,496
Trade & Other Receivables	875,191,790		1,031,704,735
Amounts due from Related Parties	7,741,393		1,834,188
Other Financial Assets	6,576,383,265		4,749,971,153
Cash and Cash Equivalents	532,816,672		453,897,597
Total Current Assets	9,138,080,845		6,692,857,170
Total Assets	14,453,091,609		11,999,867,977
EQUITY AND LIABILITIES
Equity
Stated Capital	2,671,543,090		2,671,543,090
Revaluation Reserve	1,330,581,534		1,330,581,534
Retained Earnings	7,821,844,684		5,274,950,194
Total Equity	11,823,969,308		9,277,074,818
Non Current Liabilities
Employee Benefit Obligations	307,578,742		277,775,607
Deferred Tax Liabilities	546,583,931		509,403,686
Lease Liability	160,382,240		159,299,028
Total Non Current Liabilities	1,014,544,913		946,478,321
Current Liabilities
Trade & Other Payables	814,670,855		897,956,622
Lease Liability	87,537,829		88,743,012
Income Tax Payable	170,883,028		307,230,385
Bank Overdraft	541,485,676		482,384,819
Total Current Liabilities	1,614,577,388		1,776,314,838
Total Liabilities	2,629,122,302		2,722,793,159
Total Equity & Liabilities	14,453,091,609		11,999,867,977

Company

30th Sep 2022	31st Dec 2021
	Adjusted
Rs.	Rs.

4,327,549,197 4,301,558,172

417,572,273 429,779,632

40,786,187 44,027,531

146,700,000 146,700,000

414,000,020 414,000,020

5,346,607,678 5,336,065,355

832,002,467 302,956,360

673,605,195 741,534,986

132,340,437 111,739,308

5,376,383,264 3,865,026,810

474,520,763 344,671,757

7,488,852,126 5,365,929,222

12,835,459,804 10,701,994,577

2,671,543,090 2,671,543,090

1,240,031,685 1,240,031,685

6,036,523,101 4,028,861,195

9,948,097,876 7,940,435,970

268,801,740 242,422,163

503,144,831 467,144,831

76,949,597 72,911,716

848,896,168 782,478,710

1,411,056,723 1,347,711,015

50,182,803 60,541,838

115,779,942 209,660,055

461,446,291 361,166,990

2,038,465,759 1,979,079,897

2,887,361,928 2,761,558,607

12,835,459,804 10,701,994,577

The figures as at 30th September 2022 are provisional and subject to audit.

I certify that the consolidated financial statements comply with the requirements of the Companies Act No. 07 of 2007.

Group Chief Financial Officer

The Board of the Directors is responsible for the preparation and presentation of these consolidated financial statements. Approved and signed for and on behalf of the Board.

Chairman

Director

Date. 11th November 2022 Colombo

(Amounts in brackets indicate deductions)

THE LANKA HOSPITALS CORPORATION PLC

Provisional Consolidated Financial Statements for the Quarter ended 30th September 2022

Statement of Comprehensive Income

	Group		Company
For the 3 months ended,	30th Sep 2022	30th Sep 2021		30th Sep 2022	30th Sep 2021
	Rs.	Rs.		Rs.	Rs.
Revenue from contract with customers	2,645,638,470	2,765,665,117		2,080,450,900	1,827,100,794
Cost of services	(1,533,362,937)	(1,426,577,846)		(1,281,564,707)	(1,012,663,260)
Gross profit	1,112,275,533	1,339,087,271		798,886,193	814,437,534
Other operating income	19,450,589	14,905,657		21,427,124	274,065,574
Administrative expenses	(699,047,853)	(608,749,265)		(501,931,548)	(432,944,272)
Other operating expenses	(236,796,028)	(172,090,095)		(217,589,090)	(155,207,334)
Profit from operations	195,882,241	573,153,569		100,792,678	500,351,502
Finance income	351,232,036	79,985,244		277,021,480	73,013,709
Finance Cost	(7,957,224)	(8,334,833)		(3,985,474)	(4,639,936)
Profit before tax	539,157,052	644,803,980		373,828,685	568,725,275
Income tax expense	(88,543,407)	(147,699,030)		(50,691,023)	(99,146,900)
Profit for the period	450,613,645	497,104,950		323,137,661	469,578,375
Other comprehensive Income	-	-		-	-
Other comprehensive income net of tax	-	-		-	-
Total comprehensive income for the period	450,613,645	497,104,950		323,137,661	469,578,375
Basic earnings per share	2.01	2.22	1.44	2.10
Dividend per share	2.00	1.00	2.00	1.00
(Amounts in brackets indicate deductions)

THE LANKA HOSPITALS CORPORATION PLC

Provisional Consolidated Financial Statements for the Quarter ended 30th September 2022

Statement of Comprehensive Income

	Group		Company
For the 9 months ended,	30th Sep 2022	30th Sep 2021		30th Sep 2022	30th Sep 2021
	Rs.	Rs.		Rs.	Rs.
Revenue from contract with customers	7,897,144,050	7,372,933,428		5,773,540,898	4,938,686,450
Cost of services	(4,336,697,281)	(3,817,956,031)		(3,397,058,320)	(2,803,186,280)
Gross profit	3,560,446,769	3,554,977,397		2,376,482,578	2,135,500,170
Other operating income	44,470,257	45,960,724		50,038,005	306,688,094
Administrative expenses	(1,973,184,046)	(1,667,071,903)		(1,403,644,088)	(1,201,943,047)
Other operating expenses	(634,474,941)	(544,127,574)		(568,632,869)	(495,926,398)
Profit from operations	997,258,038	1,389,738,644		454,243,626	744,318,819
Finance income	2,529,460,544	330,103,031		2,409,135,360	312,714,512
Finance Cost	(22,831,343)	(24,925,138)		(12,753,184)	(14,124,763)
Profit before tax	3,503,887,240	1,694,916,536		2,850,625,801	1,042,908,568
Income tax expense	(285,796,243)	(304,945,857)		(171,767,388)	(212,266,555)
Effect on deferred tax due to income tax rate change	-	260,178,317		-	243,713,859
Profit for the period	3,218,090,997	1,650,148,996		2,678,858,413	1,074,355,872
Other comprehensive Income	-	-		-	-
Effect on deferred tax due to income tax rate change	-	280,240,962		-	271,856,362
Other comprehensive income net of tax	-	280,240,962		-	271,856,362
Total comprehensive income for the period	3,218,090,997	1,930,389,958		2,678,858,413	1,346,212,234
Basic earnings per share	14.38	7.38	11.97	4.80
Dividend per share	3.00	1.75	3.00	1.75
(Amounts in brackets indicate deductions)