Aitken Spence : Interim Financial Statements for the Year Ended 31st March 2024

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

1. 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

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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 -