ANILANA HOTELS AND PROPERTIES PLC ANILANA HOTELS AND PROPERTIES PLC
INTERIM FINANCIAL STATEMENTS (UNAUDITED)
FOR THE PERIOD ENDED
31ST DECEMBER 2022
Page 2 | ||||||||
ANILANA HOTELS AND PROPERTIES LIMITED | ||||||||
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME - (UNAUDITED) | (Expressed in Sri Lankan Rupees) | (Expressed in Sri Lankan Rupees) | ||||||
Group | Company | |||||||
FOR THE PERIOD ENDED 31 DECEMBER | For The Quarter Ended | For The Nine Months Ended | For The Quarter Ended | For The Nine Months Ended | ||||
2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | |
Revenue | 2,097,610 | 6,970,913 | 28,576,569 | 24,221,662 | - | 117 | 12,329,958 | 8,400,070 |
Cost of Sales | (1,113,832) | (2,821,635) | (17,892,803) | (9,109,010) | - | 56,194 | (8,506,577) | (2,258,537) |
Gross Profit | 983,778 | 4,149,278 | 10,683,766 | 15,112,652 | - | 56,311 | 3,823,381 | 6,141,533 |
Other Income | - | 3,755,440 | (49,000) | 3,755,440 | - | - | - | - |
Administrative Expenses | (36,187,658) | (42,139,600) | (144,097,821) | (129,559,020) | (16,725,486) | (25,847,366) | (82,144,175) | (78,091,837) |
Business Promotion Expenses | - | (58,576) | (112,500) | (187,696) | - | (13,200) | (45,000) | (95,144) |
Profit / (Loss) from Operation | (35,203,880) | (34,293,458) | (133,575,554) | (110,878,624) | (16,725,486) | (25,804,255) | (78,365,794) | (72,045,448) |
Net Gain / (Loss) from Disposal of Subsidiary | - | - | (414,277,597) | - | - | - | - | - |
Net Finance (Cost) / Income | (30,342,362) | (57,298,303) | (96,015,952) | (104,667,229) | (21,195,400) | (19,000,265) | (68,519,767) | (66,365,888) |
Profit / (Loss) Before Taxation | (65,546,242) | (91,591,760) | (643,869,103) | (215,545,853) | (37,920,886) | (44,804,520) | (146,885,561) | (138,411,336) |
Income Tax Expense | - | - | - | - | - | - | - | - |
Profit / (Loss) for the Year | (65,546,242) | (91,591,760) | (643,869,103) | (215,545,853) | (37,920,886) | (44,804,520) | (146,885,561) | (138,411,336) |
Attributable to - Equityholders of the Parent | (65,546,242) | (91,591,750) | (643,869,102) | (215,545,833) | (37,920,886) | (44,804,520) | (146,885,561) | (138,411,336) |
Attributable to - Non-Controlling Interest | - | (10) | (1) | (21) | - | - | - | - |
(65,546,242) | (91,591,760) | (643,869,103) | (215,545,853) | (37,920,886) | (44,804,520) | (146,885,561) | (138,411,336) | |
Basic Earnings / (Loss) Per Share (Rs.) | (0.05) | (0.07) | (0.50) | (0.17) | (0.03) | (0.03) | (0.11) | (0.11) |
Profit / (Loss) for the Year | (65,546,242) | (91,591,760) | (643,869,103) | (215,545,853) | (37,920,886) | (44,804,520) | (146,885,561) | (138,411,336) |
Other Comprehensive Income / (Expenses) | - | - | - | - | - | - | ||
Total Comprehensive Income / (Expense) for the Year | (65,546,242) | (91,591,760) | (643,869,103) | (215,545,853) | (37,920,886) | (44,804,520) | (146,885,561) | (138,411,336) |
Attributable to - Equityholders of the Parent | (65,546,241) | (91,591,739) | (643,869,102) | (215,545,833) | (37,920,886) | (44,804,520) | (146,885,561) | (138,411,336) |
Attributable to - Non-Controlling Interest | (1) | (21) | (1) | (21) | - | - | - | - |
(65,546,242) | (91,591,760) | (643,869,103) | (215,545,853) | (37,920,886) | (44,804,520) | (146,885,561) | (138,411,336) |
Figures in brackets indicate deductions
Notes to the Financial Statements on Pages 6 to 9 form an integral part of these Financial Statements.
Page 4
ANILANA HOTELS AND PROPERTIES PLC
STATEMENT OF CHANGES IN EQUITY - (UNAUDITED)(Expressed in Sri Lankan Rupees)
FOR THE PERIOD ENDED 31 DECEMBER
Group | Stated | Fair Value | Revaluation | Retained | Non | |
Capital | through OCI | Reserve | Earnings | Controlling | Total | |
Reserve | (at debit) | Interest | ||||
Balance as at 01 April 2022 | 5,079,875,760 | (7,348,094) | 1,481,099,610 | (3,484,440,223) | 1,410 | 3,069,188,464 |
Elimintaion of Non-Controlling Interest at | (1,487) | |||||
Disposal of Subsidiary | (1,487) | |||||
Total Comprehensive Income / (Expense) | ||||||
for the Period | - | - | - | (643,869,102) | (1) | (643,869,103) |
Balance as at 31 December 2022 | 5,079,875,760 | (7,348,094) | 1,481,099,610 | (4,128,309,325) | (78) | 2,425,317,874 |
Balance as at 01 April 2021 | 5,079,875,760 | (7,348,094) | 1,481,099,610 | (3,191,665,576) | 1,433 | 3,361,963,133 |
Profit / (Loss) for the Year | - | - | - | (215,545,833) | (21) | (215,545,854) |
Balance as at 31 December 2021 | 5,079,875,760 | (7,348,094) | 1,481,099,610 | (3,407,211,409) | 1,412 | 3,146,417,280 |
Company | Stated | Fair Value | Revaluation | Retained | Total | |
Capital | through OCI | Earnings | ||||
Reserve | (at debit) | |||||
Balance as at 01 April 2022 | 5,079,875,760 | (7,348,094) | 632,236,853 | (3,789,393,136) | 1,915,371,383 | |
Total Comprehensive Income / (Expense) for the Period | - | - | - | (146,885,561) | (146,885,561) | |
Balance as at 31 | December 2022 | 5,079,875,760 | (7,348,094) | 632,236,853 | (3,936,278,697) | 1,768,485,822 |
Balance as at 01 | April 2021 | 5,079,875,760 | (7,348,094) | 632,236,853 | (3,586,489,879) | 2,118,274,639 |
Profit / (Loss) for the Year | - | - | - | (138,411,336) | (138,411,336) | |
Balance as at 31 | December 2021 | 5,079,875,760 | (7,348,094) | 632,236,853 | (3,724,901,215) | 1,979,863,303 |
Figures in brackets indicate deductions
Notes to the Financial Statements on Pages 6 to 9 form an integral part of these Financial Statements.
Page 5 | ||||
ANILANA HOTELS AND PROPERTIES PLC | ||||
STATEMENT OF CASH FLOWS - (UNAUDITED) | (Expressed in Sri Lankan Rupees) | |||
Group | Company | |||
FOR THE PERIOD ENDED 31 DECEMBER | 2022 | 2021 | 2022 | 2021 |
Cash Flows from Operating Activities | ||||
Loss Before Taxation | (643,869,103) | (215,545,853) | (146,885,561) | (138,411,336) |
Adjustments for; | ||||
Depreciation | 79,129,421 | 78,751,909 | 40,374,404 | 40,374,403 |
Gratuity Charge for the Year | 45,000 | 173,331 | 56,000 | 106,000 |
Net Gain / (Loss) from Disposal of Subsidiary | 414,277,597 | |||
Interest Expenses | 96,015,952 | 104,667,229 | 68,519,767 | 66,365,888 |
Interest Income | - | - | - | - |
Operating Profit / (Loss) Before Working Capital Changes | (54,401,134) | (31,953,384) | (37,935,391) | (31,565,045) |
Changes in Working Capital | ||||
Inventories | (2,344,568) | (7,596,318) | 9,145 | (1,961,830) |
Trade and Other Receivables | (1,040,455) | (19,143,242) | (229,457) | |
Amounts Due from Related Parties | 5,633,199 | 1,491,475 | 171,433,784 | 130,109 |
Other Non-Financial Assets | (2,522,130) | 81,922 | - | 441,494 |
Amounts Due to Related Parties | 5,909,253 | 17,096,217 | - | (7,723,847) |
Other Non-Financial Liabilities | (2,029,674) | 6,139,073 | (2,293,894) | 5,021,592 |
Trade and Other Payables | (12,957,083) | 26,476,435 | (11,802,539) | 37,432,843 |
Cash Generated from Operations | (63,752,592) | (7,407,822) | 119,411,105 | 1,545,859 |
Gratuity Paid | 30,000 | (32,000) | (56,000) | (18,008) |
Interest Paid | (96,015,952) | (104,667,229) | (68,519,767) | (66,365,888) |
Net Cash Flow from / (used in) Operating Activities | (159,738,544) | (112,107,051) | 50,835,338 | (64,838,037) |
Cash Flows from Investing Activities | ||||
Acquisition of Property, Plant and Equipment / Intangible Assets and WIP | 590,240,926 | (1,260,561) | (4,816,870) | (472,313) |
Net Proceeds from Disposals of / Investment in Shares | - | - | - | |
Net Proceeds from Disposals of Subsidiary | (414,279,084) | |||
Interest Received | - | - | - | - |
Net Cash Flow from / (used in) Investing Activities | 175,961,843 | (1,260,561) | (4,816,869) | (472,313) |
Cash Flows from Financing Activities | ||||
Net Proceeds from Loans | (13,149,176) | 104,085,852 | (46,870,328) | 65,866,667 |
Net Cash Flow from / (used in) Financing Activities | (13,149,176) | 104,085,852 | (46,870,328) | 65,866,667 |
Net Changes in Cash and Cash Equivalents During the Period | 3,074,126 | (9,281,759) | (851,860) | 556,317 |
Cash and Cash Equivalents at Beginning of the Period | (16,806,623) | 287,791 | (1,588,980) | (1,080,071) |
Cash and Cash Equivalents at End of the Period | (13,732,497) | (8,993,968) | (2,440,840) | (523,754) |
Figures in brackets indicate deductions
Notes to the Financial Statements on Pages 6 to 9 form an integral part of these Financial Statements.
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Anilana Hotels & Properties plc published this content on 09 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 March 2023 04:01:14 UTC.
