Interim Statements
for the year ended 31st March 2024
CONSOLIDATED INCOME STATEMENTS
Quarter ended | Year ended | |||||||
31st March | 31st March | |||||||
2024 | 2023 | 2024 | 2023 | |||||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | |||||
Revenue | 31,064,941 | 30,299,949 | 97,486,253 | 98,104,323 | ||||
Revenue taxes | (339,784) | (357,551) | (1,237,416) | (1,115,329) | ||||
Net revenue | 30,725,157 | 29,942,398 | 96,248,837 | 96,988,994 | ||||
Other operating income | (2,022,041) | (3,545,465) | (2,306,742) | 2,022,132 | ||||
Changes in inventories of finished goods and work-in-progress | (83,690) | (149,653) | (507,640) | 333,119 | ||||
Raw materials and consumables used | (1,037,428) | (1,427,464) | (3,850,351) | (8,060,012) | ||||
Employee benefits expense | (4,017,154) | (4,286,930) | (15,263,948) | (15,132,571) | ||||
Depreciation and amortisation | (1,835,459) | (1,768,219) | (7,071,137) | (7,182,160) | ||||
Other operating expenses-direct | (10,842,029) | (10,341,222) | (37,548,423) | (34,505,431) | ||||
Other operating expenses-indirect | (4,836,820) | (4,916,584) | (16,474,387) | (15,480,232) | ||||
Profit from operations | 6,050,536 | 3,506,861 | 13,226,209 | 18,983,839 | ||||
Finance income | 608,386 | 773,886 | 2,908,844 | 2,884,357 | ||||
Finance expenses | (2,187,371) | (3,431,093) | (10,728,441) | (11,736,887) | ||||
Net finance expense | (1,578,985) | (2,657,207) | (7,819,597) | (8,852,530) | ||||
Share of profit of equity-accounted investees (net of tax) | 344,480 | 91,339 | 1,317,988 | 1,070,137 | ||||
Profit before tax | 4,816,031 | 940,993 | 6,724,600 | 11,201,446 | ||||
Income tax expense | (563,786) | (179,083) | (2,272,850) | (3,125,077) | ||||
Profit for the period | 4,252,245 | 761,910 | 4,451,750 | 8,076,369 | ||||
Attributable to: | ||||||||
Equity holders of the company | 2,536,592 | (518,761) | 2,928,185 | 6,644,027 | ||||
Non-controlling interests | 1,715,653 | 1,280,671 | 1,523,565 | 1,432,342 | ||||
Profit for the period | 4,252,245 | 761,910 | 4,451,750 | 8,076,369 | ||||
Earnings / (loss) per share | ||||||||
Basic/Diluted (Rs.) | 6.25 | (1.28) | 7.21 | 16.36 |
The above figures are subject to audit.
- 1 -
CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
Quarter ended | Year ended | ||||||
31st March | 31st March | ||||||
2024 | 2023 | 2024 | 2023 | ||||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | ||||
Profit for the period | 4,252,245 | 761,910 | 4,451,750 | 8,076,369 | |||
Other comprehensive income / (loss) | |||||||
Items that will not be reclassified to profit or loss | |||||||
Revaluation of property, plant and equipment | 4,761 | 3,566,785 | 4,761 | 3,566,785 | |||
Acturial losses on defined benefit obligations | (196,399) | (51,294) | (196,399) | (51,294) | |||
Equity investments at FVOCI - net change in fair value | (3,004) | 848 | (4,406) | (1,179) | |||
Share of other comprehensive income of equity-accounted investees | |||||||
(net of tax) | (47,506) | 52,301 | (47,506) | 52,301 | |||
Income tax on other comprehensive income | 59,476 | (1,859,207) | 39,302 | (1,859,207) | |||
(182,672) | 1,709,433 | (204,248) | 1,707,406 | ||||
Items that are or may be reclassified to profit or loss | |||||||
Exchange differences on translation of foreign operations | (2,573,161) | (3,479,944) | (3,056,207) | 2,770,806 | |||
Net movement on cash flow hedges | 1,113,616 | 1,103,867 | 1,501,550 | (417,788) | |||
Share of other comprehensive income of equity-accounted investees | (410,458) | (505,310) | |||||
(net of tax) | (405,304) | 168,399 | |||||
(1,870,003) | (2,781,381) | (2,059,967) | 2,521,417 | ||||
Other comprehensive income / (loss) for the period, | |||||||
(net of tax) | (2,052,675) | (1,071,948) | (2,264,215) | 4,228,823 | |||
Total comprehensive income / (loss) for the period | 2,199,570 | (310,038) | 2,187,535 | 12,305,192 | |||
Attributable to: | |||||||
Equity holders of the company | 707,514 | (1,109,981) | 823,152 | 10,249,996 | |||
Non-controlling interests | 1,492,056 | 799,943 | 1,364,383 | 2,055,196 | |||
Total comprehensive income / (loss) for the period | 2,199,570 | (310,038) | 2,187,535 | 12,305,192 | |||
The above figures are subject to audit.
- 2 -
STATEMENTS OF FINANCIAL POSITION
As at | Group | Company | |||||||
31.03.2024 | 31.03.2023 | 31.03.2024 | 31.03.2023 | ||||||
ASSETS | Rs. '000 | Rs. '000 | Rs. '000 | Rs. '000 | |||||
Non-current assets | 101,028,695 | 84,109 | |||||||
Property, plant & equipment | 105,499,126 | 83,927 | |||||||
Investment properties | 1,631,258 | 1,631,581 | 3,415,573 | 3,417,456 | |||||
Intangible assets | 1,640,049 | 1,739,817 | 46,323 | 58,941 | |||||
Biological assets | 64,455 | 71,334 | - | - | |||||
Right-of-use assets | 16,364,381 | 19,136,841 | - | - | |||||
Investments in subsidiaries | - | - | 14,206,073 | 14,147,512 | |||||
Investments in equity-accounted investees | 9,946,837 | 9,238,093 | 2,657,955 | 2,659,955 | |||||
Deferred tax assets | 1,974,566 | 1,619,314 | 643,565 | 640,002 | |||||
Other financial assets | 1,018,979 | 1,028,075 | 25,344 | 11,879 | |||||
Current assets | 133,669,220 | 139,964,181 | 21,078,942 | 21,019,672 | |||||
4,159,673 | 7,781 | ||||||||
Inventories | 5,274,192 | 6,828 | |||||||
Trade and other receivables | 19,854,130 | 21,243,529 | 6,384,623 | 5,756,124 | |||||
Current tax receivable | 226,379 | 132,307 | 154,483 | 67,015 | |||||
Deposits and prepayments | 5,670,574 | 4,265,451 | 165,388 | 44,034 | |||||
Other current assets | 25,374,849 | 27,073,092 | 18,238,376 | 20,546,443 | |||||
Cash and short-term deposits | 12,132,534 | 16,215,515 | 3,023,392 | 3,028,386 | |||||
Assets classified as held for sale | 67,418,139 | 74,204,086 | 27,974,043 | 29,448,830 | |||||
169,423 | 169,423 | 72,237 | 72,237 | ||||||
Total Assets | 201,256,782 | 214,337,690 | 49,125,222 | 50,540,739 | |||||
EQUITY AND LIABILITIES | |||||||||
Equity | 2,135,140 | 2,135,140 | |||||||
Stated capital | 2,135,140 | 2,135,140 | |||||||
Reserves | 38,957,795 | 42,525,804 | 17,445,084 | 19,069,591 | |||||
Retained earnings | 32,743,186 | 29,743,417 | 6,761,375 | 6,826,177 | |||||
Total equity attributable to equity holders of the company | 73,836,121 | 74,404,361 | 26,341,599 | 28,030,908 | |||||
Non-controlling interests | 11,883,848 | 11,811,656 | - | - | |||||
Total Equity | 85,719,969 | 86,216,017 | 26,341,599 | 28,030,908 | |||||
Non-current liabilities | 38,464,247 | 1,200,773 | |||||||
Interest-bearing loans and borrowings | 46,948,858 | 2,613,456 | |||||||
Lease liabilities | 12,846,666 | 15,713,625 | - | - | |||||
Deferred tax liabilities | 5,701,185 | 5,581,239 | - | - | |||||
Employee benefits | 1,668,797 | 1,306,358 | 164,243 | 106,567 | |||||
Other liabilities | 277,865 | 418,493 | - | - | |||||
Current liabilities | 58,958,760 | 69,968,573 | 1,365,016 | 2,720,023 | |||||
9,196,934 | 1,244,161 | ||||||||
Interest-bearing loans and borrowings | 9,618,620 | 1,373,604 | |||||||
Lease liabilities | 1,780,313 | 1,831,047 | - | - | |||||
Trade and other payables | 25,261,523 | 22,768,646 | 11,611,482 | 8,009,291 | |||||
Current tax payable | 950,542 | 1,143,535 | - | - | |||||
Bank overdrafts and other short-term borrowings | 19,388,741 | 22,791,252 | 8,562,964 | 10,406,913 | |||||
Total Equity and Liabilities | 56,578,053 | 58,153,100 | 21,418,607 | 19,789,808 | |||||
201,256,782 | 214,337,690 | 49,125,222 | 50,540,739 | ||||||
Net assets per share (Rs.) | 181.86 | ||||||||
183.26 | 64.88 | 69.04 |
The above figures are subject to audit.
The Chief Financial Officer certifies that the financial statements have been prepared in compliance with the requirements of the Companies Act No. 7 of 2007.
sgd.
Ms. N. Sivapragasam
Chief Financial Officer
For and on behalf of the Board:
sgd. | sgd. | sgd. |
Deshamanya D.H.S. Jayawardena | Ms. D.S.T. Jayawardena | Dr. M. P. Dissanayake |
Chairman | Joint Deputy Chairperson/ | Deputy Chairman/ |
Joint Managing Director | Managing Director | |
Colombo, | ||
27th May 2024 |
- 3 -
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
For the year ended 31st March 2024 | |||||||||||||||||||||
..................................... | Attributable to equity holders of the company | ............................ | |||||||||||||||||||
Stated | Other | General | Revaluation Exchange Fair value Cash flow | Retained | Total | Non | Total equity | ||||||||||||||
capital | capital | reserves | reserve | fluctuation | reserve | hedge | earnings | controlling | |||||||||||||
reserves | reserve | reserve | interests | ||||||||||||||||||
Rs '000 | Rs '000 | Rs '000 | Rs '000 | Rs '000 | Rs '000 | Rs '000 | Rs '000 | Rs '000 | Rs '000 | Rs '000 | |||||||||||
Balance as at 01st April 2023 | 2,135,140 | 148,440 | 19,126,103 | 11,547,699 | 14,033,122 | (13,546) | (2,316,014) | 29,743,417 | 74,404,361 | 11,811,656 | 86,216,017 | ||||||||||
Profit for the period | - | - | - | - | - | - | - | 2,928,185 | 2,928,185 | 1,523,565 | 4,451,750 | ||||||||||
Other comprehensive income / (loss) for the | |||||||||||||||||||||
period | - | - | - | (16,405) | (2,597,976) | (747) | 671,103 | (161,008) | (2,105,033) | (159,182) | (2,264,215) | ||||||||||
Total comprehensive income / (loss) for | |||||||||||||||||||||
the period | - | - | - | (16,405) | (2,597,976) | (747) | 671,103 | 2,767,177 | 823,152 | 1,364,383 | 2,187,535 | ||||||||||
Share of net assets of equity-accounted investees | - | - | - | - | - | - | - | 232,592 | 232,592 | - | 232,592 | ||||||||||
Transfer from reserves | - | - | (1,623,984) | - | - | - | - | 1,623,984 | - | - | - | ||||||||||
Final dividends for 2022/2023 | - | - | - | - | - | - | - | (1,623,984) | (1,623,984) | - | (1,623,984) | ||||||||||
Dividends paid to non-controlling interests | - | - | - | - | - | - | - | - | - | (1,292,191) | (1,292,191) | ||||||||||
Total contributions and distributions, | |||||||||||||||||||||
recognised directly in equity | - | - | (1,623,984) | - | - | - | - | 232,592 | (1,391,392) | (1,292,191) | (2,683,583) | ||||||||||
Balance as at 31st March 2024 | 2,135,140 | 148,440 | 17,502,119 | 11,531,294 | 11,435,146 | (14,293) | (1,644,911) | 32,743,186 | 73,836,121 | 11,883,848 | 85,719,969 | ||||||||||
For the year ended 31st March 2023
..................................... | Attributable to equity holders of the company | ............................ | ||||||||
Stated | Other | General | Revaluation Exchange Fair value Cash flow | Retained | Total | Non | Total equity | |||
capital | capital | reserves | reserve | fluctuation | reserve | hedge | earnings | controlling | ||
reserves | reserve | reserve | interests | |||||||
Rs '000 | Rs '000 | Rs '000 | Rs '000 | Rs '000 | Rs '000 | Rs '000 | Rs '000 | Rs '000 | Rs '000 | Rs '000 |
Balance as at 01st April 2022 | 2,135,140 | 148,440 | 16,882,827 | 9,828,214 | 11,934,302 | (15,393) | (2,129,288) | 27,164,516 | 65,948,758 | ||||||||
Adjustment on Surcharge tax levied under | - | - | - | - | - | - | - | (364,951) | (364,951) | ||||||||
Surcharge Act | |||||||||||||||||
Balance as at 01st April 2022 (Adjusted) | |||||||||||||||||
2,135,140 | 148,440 | 16,882,827 | 9,828,214 | 11,934,302 | (15,393) | (2,129,288) | 26,799,565 | 65,583,807 | |||||||||
Profit for the period | - | - | - | - | - | - | - | 6,644,027 | 6,644,027 | ||||||||
Other comprehensive income / (loss) for the | - | - | - | 1,719,485 | 2,098,820 | 1,847 | (186,726) | (27,457) | 3,605,969 | ||||||||
period | |||||||||||||||||
Total comprehensive income / (loss) for | |||||||||||||||||
the period | - | - | - | 1,719,485 | 2,098,820 | 1,847 | (186,726) | 6,616,570 | 10,249,996 | ||||||||
Share of net assets of equity-accounted investees | - | - | - | - | - | - | - | 194,542 | 194,542 | ||||||||
Transfer to reserves | - | - | 2,243,276 | - | - | - | - | (2,243,276) | - | ||||||||
Interim dividends for 2021/2022 | - | - | - | - | - | - | - | (1,623,984) | (1,623,984) | ||||||||
Dividends paid to non-controlling interests | - | - | - | - | - | - | - | - | - | ||||||||
Total contributions and distributions, | |||||||||||||||||
recognised directly in equity | - | - | 2,243,276 | - | - | - | - | (3,672,718) | (1,429,442) | ||||||||
Balance as at 31st March 2023 | 2,135,140 | 148,440 | 19,126,103 | 11,547,699 | 14,033,122 | (13,546) | (2,316,014) | 29,743,417 | 74,404,361 | ||||||||
11,496,921 77,445,679
(66,820) (431,771)
11,430,101 77,013,908
1,432,342 8,076,369
622,854 4,228,823
2,055,196 12,305,192
- 194,449
- -
-
(1,623,984)
(1,673,548) (1,673,548)
(1,673,641) (3,103,083)
11,811,656 86,216,017
- 4 -
COMPANY INCOME STATEMENTS
Quarter ended | Year ended | |||||||
31st March | 31st March | |||||||
2024 | 2023 | 2024 | 2023 | |||||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | |||||
Revenue | 299,694 | 310,894 | 1,265,626 | 1,142,281 | ||||
Revenue tax | (6,122) | (6,634) | (22,624) | (11,814) | ||||
Net revenue | 293,572 | 304,260 | 1,243,002 | 1,130,467 | ||||
Other operating income | 2,164 | (1,541,235) | 1,052,168 | 5,548,437 | ||||
Employee benefits expense | (336,828) | (292,641) | (1,099,598) | (931,770) | ||||
Depreciation and amortisation | (15,072) | (31,192) | (57,555) | (67,964) | ||||
Other operating expenses-indirect | (187,847) | (494,042) | (780,885) | (1,003,455) | ||||
Profit / (loss) from operations | (244,011) | (2,054,850) | 357,132 | 4,675,715 | ||||
Finance income | 638,292 | 868,338 | 3,216,860 | 3,105,440 | ||||
Finance expenses | (640,673) | (1,162,124) | (3,590,296) | (4,187,752) | ||||
Net finance expense | (2,381) | (293,786) | (373,436) | (1,082,312) | ||||
Profit / (loss) before tax | (246,392) | (2,348,636) | (16,304) | 3,593,403 | ||||
Income tax expenses | (13,161) | (267,140) | (27,566) | (4,494) | ||||
Profit / (loss) for the period | (259,553) | (2,615,776) | (43,870) | 3,588,909 | ||||
Earnings / (loss) per share | ||||||||
Basic/Diluted (Rs.) | (0.64) | (6.44) | (0.11) | 8.84 |
The above figures are subject to audit.
COMPANY STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
Quarter ended | Year ended | ||||||
31st March | 31st March | ||||||
2024 | 2023 | 2024 | 2023 | ||||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | ||||
Profit / (loss) for the period | (259,553) | (2,615,776) | (43,870) | 3,588,909 | |||
Other comprehensive income / (loss) | |||||||
Items that will not be reclassified to profit or loss | |||||||
Acturial losses on defined benefit obligations | (29,903) | (1,943) | (29,903) | (1,943) | |||
Equity investments at FVOCI - net change in fair value | (3,594) | (999) | (4,086) | (2,357) | |||
Income tax on other comprehensive income | 12,534 | 4,095 | 12,534 | 4,095 | |||
Other comprehensive income / (loss) for the period, | |||||||
(net of tax) | (20,963) | 1,153 | (21,455) | (205) | |||
Total comprehensive income / (loss) for the period | (280,516) | (2,614,623) | (65,325) | 3,588,704 | |||
The above figures are subject to audit.
- 5 -
COMPANY STATEMENT OF CHANGES IN EQUITY
For the year ended 31st March 2024
Stated capital | |
Rs.'000 | |
Balance as at 01st April 2023 | 2,135,140 |
Loss for the period | - |
Other comprehensive loss for the period | - |
Total comprehensive loss for the period | |
- | |
Transfer from general reserve | - |
Final dividends for 2022/2023 | - |
Balance as at 31st March 2024 | 2,135,140 |
For the year ended 31st March 2023
Stated capital | |
Rs.'000 | |
Balance as at 01st April 2022 | 2,135,140 |
Profit for the period | - |
Other comprehensive profit /( loss) for the period | - |
Total comprehensive profit for the period | |
- | |
Transfer to reserve | - |
Interim dividends for 2021/2022 | - |
Balance as at 31st March 2023 | 2,135,140 |
General
reserve
Rs.'000
19,096,439
-
-
-
(1,623,984)
-
17,472,455
General
reserve
Rs.'000
16,853,163
-
-
-
2,243,276
-
19,096,439
Fair value reserve
Rs.'000
(26,848)
-
(523)
(523)
-
-
(27,371)
Fair value reserve
Rs.'000
(28,003)
-
1,155
1,155
-
-
(26,848)
Retained
earnings
Rs.'000
6,826,177
(43,870)
(20,932)
(64,802)
1,623,984
(1,623,984)
6,761,375
Retained
earnings
Rs.'000
7,105,888
3,588,909
(1,360)
3,587,549
(2,243,276)
(1,623,984)
6,826,177
Total
Rs.'000
28,030,908
(43,870)
(21,455)
(65,325)
-
(1,623,984)
26,341,599
Total
Rs.'000
26,066,188
3,588,909
(205)
3,588,704
-
(1,623,984)
28,030,908
- 6 -
STATEMENTS OF CASH FLOWS
Group | Company | ||||||||
For the year ended 31st March | 2024 | 2023 | 2024 | 2023 | |||||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | ||||||
Cash flow from operating activities | |||||||||
Profit / (loss) before taxation | 6,724,600 | 11,201,446 | (16,304) | 3,593,403 | |||||
Adjustments for | |||||||||
Depreciation and amortisation | 6,966,858 | 7,175,187 | 55,582 | 49,936 | |||||
Impairment of biological assets | 10,261 | - | - | - | |||||
Interest expense | 10,323,468 | 11,393,106 | 3,584,769 | 4,183,762 | |||||
(Gain) / loss on disposal of property plant and equipment | (26,468) | 10,709 | (409) | (30) | |||||
Gain on derecognition of right-of-use assets and liabilities | (1,066) | (10,511) | - | - | |||||
Loss on retirement of assets held for sale | - | 72,269 | - | - | |||||
Interest income | (2,908,844) | (2,884,357) | (3,216,860) | (3,105,440) | |||||
Share of profit of equity-accounted investees (net of tax) | (1,317,988) | (1,070,137) | - | - | |||||
Impairment losses of investments in subsidiaries and equity-accounted | - | - | 2,000 | 18,004 | |||||
investees | |||||||||
Impairment losses / (reversals) of inventories | 94,017 | 6,973 | (28) | 24 | |||||
Impairment losses / (reversals) and write offs of trade & other receivables | 465,733 | 407,680 | 11,910 | 292,317 | |||||
Movement in assets held for sale | - | (5,298) | - | - | |||||
Net foreign exchange (gain) / loss | 2,058,987 | 1,515,911 | 1,904,541 | 719,738 | |||||
Provision for retirement benefit obligations | 351,604 | 242,385 | 33,935 | 23,394 | |||||
16,016,562 | 16,853,917 | 2,375,440 | 2,181,705 | ||||||
Operating profit before working capital changes | |||||||||
22,741,162 | 28,055,363 | 2,359,136 | 5,775,108 | ||||||
(Increase)/decrease in trade and other receivables | 923,666 | (914,489) | (640,409) | (1,433,078) | |||||
(Increase)/decrease in inventories | 1,020,502 | (1,422,471) | (925) | 103 | |||||
(Increase)/ decrease in deposits & prepayments | (1,405,123) | (2,178,574) | (121,354) | 60,926 | |||||
Increase/(decrease) in trade and other payables | 2,483,059 | (6,863,538) | 3,592,373 | (5,324,876) | |||||
Increase/(decrease) in other liabilities | (140,628) | (62,959) | - | - | |||||
2,881,476 | (11,442,031) | 2,829,685 | (6,696,925) | ||||||
Cash generated from / (used in) operations | 25,622,638 | 16,613,332 | 5,188,821 | (921,817) | |||||
Interest paid | (10,767,291) | (10,235,334) | (3,594,768) | (4,151,544) | |||||
Income tax paid | (2,785,337) | (2,376,819) | (106,063) | (20,607) | |||||
Surcharge tax paid | - | (431,771) | - | - | |||||
Retirement benefit obligations paid | (153,598) | (108,815) | (6,162) | (6,399) | |||||
(13,706,226) | (13,152,739) | (3,706,993) | (4,178,550) | ||||||
Net cash flow from operating activities | 11,916,412 | 3,460,593 | 1,481,828 | (5,100,367) | |||||
Cash flow from investing activities | |||||||||
Interest received from deposits | 2,897,114 | 2,872,699 | 3,205,468 | 3,104,434 | |||||
Investment in subsidiaries | - | (1,499,440) | (58,561) | (1,625,000) | |||||
Investment in equity-accounted investees | (162,819) | (17,500) | - | - | |||||
Investment in equity and debt securities | (110,191) | (1,044) | (110,191) | (1,044) | |||||
Purchase of property, plant and equipment | (5,465,665) | (2,965,293) | (35,772) | (22,493) | |||||
Purchase of intangible assets | (19,618) | (9,053) | (5,491) | - | |||||
Purchase of biological assets | (4,257) | (2,539) | - | - | |||||
Operating leases pre-paid | (103,128) | - | - | - | |||||
Proceeds from disposal of property, plant and equipment | 79,096 | 20,435 | 409 | 30 | |||||
Proceeds from sale of equity and debt securities | 111,642 | 2,007 | 53,308 | 2,007 | |||||
Proceeds / (purchase) of other financial assets and liabilities (net) | (430,536) | (1,546,181) | 325,516 | (655,375) | |||||
Proceeds on retirement of assets held for sale | - | 1,878,448 | - | - | |||||
Dividends paid to non-controlling interests | (1,292,191) | (1,673,548) | - | - | |||||
Dividends received from equity-accounted investees | 451,839 | 828,794 | - | - | |||||
Net cash flow from investing activities | (4,048,714) | (2,112,215) | 3,374,686 | 802,559 | |||||
- 7 -
STATEMENTS OF CASH FLOWS - CONTD.
Group | Company | ||||||
For the year ended 31st March | 2024 | 2023 | 2024 | 2023 | |||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | ||||
Cash flow from financing activities | |||||||
Proceeds from interest-bearing loans and borrowings | 2,405,744 | 321,921 | - | - | |||
Repayment of interest-bearing loans and borrowings | (7,480,527) | (9,457,668) | (1,259,900) | (1,914,753) | |||
Payment of lease liabilities | (1,799,005) | (1,887,444) | - | - | |||
Dividends paid to equity holders of the parent | (1,614,166) | (1,613,307) | (1,614,166) | (1,613,307) | |||
Net cash flow from financing activities | (8,487,954) | (12,636,498) | (2,874,066) | (3,528,060) | |||
Net increase/(decrease) in cash and cash equivalents | (620,256) | (11,288,120) | 1,982,448 | (7,825,868) | |||
Cash and cash equivalents at the beginning of the period (Note A) | (6,635,951) | 4,712,383 | (7,522,020) | 447,341 | |||
Cash and cash equivalents at the end of the period | (7,256,207) | (6,575,737) | (5,539,572) | (7,378,527) | |||
Cash and cash equivalents at the end of the period | |||||||
Cash at bank and in hand & deposits | 12,132,534 | 16,215,515 | 3,023,392 | 3,028,386 | |||
Short-term bank borrowings | (19,388,741) | (22,791,252) | (8,562,964) | (10,406,913) | |||
Cash and cash equivalent at the end of the period | (7,256,207) | (6,575,737) | (5,539,572) | (7,378,527) | |||
Note A | |||||||
Cash and cash equivalents at the beginning of the period | |||||||
Cash at bank and in hand & deposits | 16,215,515 | 15,343,546 | 3,028,386 | 3,730,842 | |||
Short-term bank borrowings | (22,791,252) | (9,617,003) | (10,406,913) | (2,881,302) | |||
Cash and cash equivalent as previously reported | (6,575,737) | 5,726,543 | (7,378,527) | 849,540 | |||
Effect of exchange rate changes | (60,214) | (1,014,160) | (143,493) | (402,199) | |||
Cash and cash equivalent as restated | (6,635,951) | 4,712,383 | (7,522,020) | 447,341 | |||
- 8 -
NOTES TO THE FINANCIAL STATEMENTS
1. Segment analysis | |||||||||||||||||||
1.1 Segment analysis of Group revenue and profit | |||||||||||||||||||
Tourism sector | Maritime & logistics | Strategic investments | Services sector | Total | |||||||||||||||
sector | |||||||||||||||||||
Fortheyearended31stMarch | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | |||||||||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | ||||||||||
Totalrevenuegenerated | 72,475,909 | 60,465,501 | 24,358,510 | 30,180,487 | 18,261,978 | 22,796,025 | 2,246,653 | 2,352,959 | 117,343,050 | 115,794,972 | |||||||||
Less:Inter-segmentalrevenue | 54,122 | 45,244 | 197,086 | 432,744 | 807,464 | 701,445 | 306,211 | 218,805 | 1,364,883 | 1,398,238 | |||||||||
Less:Intra-segmentalrevenue | 5,065,726 | 4,320,621 | 710,088 | 1,208,534 | 1,104,235 | 1,286,943 | 80,352 | 82,637 | 6,960,401 | 6,898,735 | |||||||||
Totalrevenuewithequity- | |||||||||||||||||||
accountedinvestees | 67,356,061 | 56,099,636 | 23,451,336 | 28,539,209 | 16,350,279 | 20,807,637 | 1,860,090 | 2,051,517 | 109,017,766 | 107,497,999 | |||||||||
Shareofequity-accounted | |||||||||||||||||||
investeesrevenue | (534,084) | (270,421) | (8,086,870) | (5,871,524) | (2,908,559) | (3,251,731) | (2,000) | - | (11,531,513) | (9,393,676) | |||||||||
Revenuefromexternal | |||||||||||||||||||
customers | 66,821,977 | 55,829,215 | 15,364,466 | 22,667,685 | 13,441,720 | 17,555,906 | 1,858,090 | 2,051,517 | 97,486,253 | 98,104,323 | |||||||||
Profit/(loss)fromoperations | 9,202,393 |
Financeincome | 1,151,544 |
Financeexpenses | (6,592,417) |
Shareofprofit/(loss)ofequity- | |
accountedinvestees(net | |
oftax) | (19,960) |
Profit/(loss)beforetax | 3,741,560 |
Incometaxexpense | (1,488,146) |
Profit/(loss)fortheperiod | 2,253,414 |
7,874,909
1,277,850
(6,452,213)
(374,028)
2,326,518
(1,591,146)
735,372
3,666,416
516,537
(239,951)
977,660
4,920,662
(764,052)
4,156,610
6,080,458
1,042,397
(301,277)
996,034
7,817,612
(1,562,772)
6,254,840
(258,268)
1,147,769
(3,717,481)
367,558
(2,460,422)
201,914
(2,258,508)
4,453,309
491,830
(4,851,419)
449,769
543,489
113,293
656,782
615,668
92,994
(178,592)
(7,270)
522,800
(222,566)
300,234
575,163 13,226,209
72,280 2,908,844
(131,978) (10,728,441)
(1,638) 1,317,988
513,827 6,724,600
(84,452) (2,272,850)
429,375 4,451,750
18,983,839
2,884,357
(11,736,887)
1,070,137
11,201,446
(3,125,077)
8,076,369
1.2 Segment analysis of Group assets | |||||||||||||||||||
Tourism sector | Maritime & logistics | Strategic investments | Services sector | Total | |||||||||||||||
sector | |||||||||||||||||||
Asat | 31.03.2024 31.03.2023 31.03.2024 31.03.2023 31.03.2024 31.03.2023 31.03.2024 31.03.2023 | 31.03.2024 31.03.2023 | |||||||||||||||||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | ||||||||||
Segmentassets | 110,951,753 | 116,903,639 | 22,587,993 | 23,241,765 | 60,951,875 | 66,287,330 | 6,885,187 | 5,746,153 | 201,376,808 | 212,178,887 | |||||||||
Investmentsinequity-accounted | |||||||||||||||||||
investees | - | 19,960 | 7,398,234 | 7,072,741 | 2,522,428 | 2,111,946 | 26,175 | 33,446 | 9,946,837 | 9,238,093 | |||||||||
Goodwillonconsolidation | - | - | - | - | - | - | - | - | 1,562,355 | 1,630,105 | |||||||||
Assetsclassifiedasheldforsale | - | - | - | - | - | - | - | - | 169,423 | 169,423 | |||||||||
Eliminations/adjustments | - | - | - | - | - | - | - | - | (11,798,641) | (8,878,818) | |||||||||
Totalassets | 110,951,753 | 116,923,599 | 29,986,227 | 30,314,506 | 63,474,303 | 68,399,276 | 6,911,362 | 5,779,599 | 201,256,782 | 214,337,690 | |||||||||
- 9 -
Attention: This is an excerpt of the original content. To continue reading it, access the original document here. |
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Aitken Spence plc published this content on 28 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 May 2024 11:18:04 UTC.