Softlogic Capital : Interim Financial Statements - For the period ended 31 March 2024

SOFTLOGIC CAPITAL PLC

(PB 779 PQ)

Interim Financial Statements

Period ended 31st March 2024

SOFTLOGIC CAPITAL PLC

INCOME STATEMENT

				Group
	Three months ended March			Year ended 31st March
	2024	2023		Change %		2024	2023	Change %
							Audited
	Rs.	Rs.				Rs.	Rs.
Revenue
Interest income	2,463,669,402	2,942,427,632		-16%		10,300,348,729	10,132,540,025	2%
Net Earned Premium	6,527,186,989	5,345,005,932		22%		25,032,613,563	20,458,557,682	22%
Fee and trading income	(2,655,700)	43,072,654		-106%		226,666,639	325,488,669	-30%
Other income and gains	103,694,776	(257,053,652)		-140%		327,591,098	1,171,485,176	-72%
Realised gains	581,699,880	38,178		1523552%		809,052,570	196,743,422	311%
Fair value gains and losses	(427,083,450)	207,611,807		-306%		99,126,743	283,819,758	-65%
Dividend income	179,520	-				179,520	118,597,711	-100%
Total revenue	9,246,691,417	8,281,102,551		12%		36,795,578,862	32,687,232,443	13%
Direct expenses
Interest expenses	(976,040,242)	(1,918,688,986)		-49%		(5,464,769,747)	(6,264,902,431)	-13%
Net claims and net acquisition cost	(4,915,853,645)	(4,520,396,136)		9%		(18,725,004,182)	(14,788,416,408)	27%
Other direct expenses	(35,216,754)	(21,783,482)		62%		(150,737,539)	(125,286,146)	20%
Credit loss expense on financial assets and other
loans	(42,050,653)	(1,507,035,978)		-97%		(1,449,912,355)	(3,423,987,181)	-58%
Operating profit	3,277,530,123	313,197,969		946%		11,005,155,039	8,084,640,277	36%
Administrative expenses	(1,462,459,417)	(1,562,502,029)		-6%		(5,764,011,943)	(5,492,160,111)	5%
Distribution cost	(241,663,990)	(269,450,782)		-10%		(898,286,689)	(863,611,574)	4%
Change in insurance contract liabilities	(557,262,432)	73,208,114		-861%		(3,458,552,455)	(1,948,266,096)	78%
Other operating expenses	(252,958,511)	(83,798,576)		202%		(453,343,572)	(406,634,748)	11%
Profit / (loss) before income tax	763,185,773	(1,529,345,304)		150%		430,960,380	(626,032,252)	169%
Income tax expense	(456,012,813)	(635,496,199)		-28%		(496,713,532)	(1,764,598,716)	-72%
Profit / (loss) for the Period	307,172,960	(2,164,841,503)		-114%		(65,753,152)	(2,390,630,968)	-97%
Profit / (loss) for the period attributable to;
Owners of the parent	(82,928,511)	(2,290,761,981)				(1,448,703,603)	(3,443,125,870)
Non-controlling interests	390,101,471	125,920,478				1,382,950,451	1,052,494,902
	307,172,960	(2,164,841,503)				(65,753,152)	(2,390,630,968)
Basic (Loss) per share (Rs.)	(0.08)	(2.34)				(1.48)	(3.52)

The above figures are subject to audit unless stated otherwise. 31st May 2024

1

SOFTLOGIC CAPITAL PLC

STATEMENT OF COMPREHENSIVE INCOME

		Group
	Three months ended 31st March		Year ended 31st March
	2024	2023		2024	2023
					Audited
	Rs.	Rs.		Rs.	Rs.
Profit / (loss) for the Period	307,172,960	(2,164,841,503)		(65,753,152)	(2,390,630,968)
Other comprehensive income that may be reclassified
to income statement in subsequent periods
Net gain/(loss) on financial instruments at fair value
through other comprehensive income	59,773,871	17,780,554		303,731,084	(256,180,333)
Net Other comprehensive income / (loss) that may be
reclassified to income statement in subsequent periods	59,773,871	17,780,554		303,731,084	(256,180,333)
Other comprehensive income that will not be
reclassified to income statement in subsequent periods
Net gain / (loss) on equity instruments at fair value through
other comprehensive income	(77,422,562)	220,960,025		470,692,904	(411,567,176)
Gains on revaluation of land and buildings	-	18,065,000		43,784,002	18,065,000
(Gain)/loss arising from changes in assumptions	(580,056)	9,551,602		(21,425,148)	35,766,925
Net other comprehensive income / (loss) that will not
be reclassified to income statement in subsequent
periods	(78,002,618)	248,576,627		493,051,758	(357,735,251)
Tax on other comprehensive income	174,017	(8,293,818)		174,017	(8,293,818)
Other Comprehensive Income / (loss) for the period,
(18,054,730)	258,063,363		796,956,859	(622,209,402)
net of tax
Total comprehensive income / (loss) for the period
289,118,230	(1,906,778,140)		731,203,707	(3,012,840,370)
Attributable to:
Owners of the parent	80,044,876	(2,564,656,083)		(995,306,142)	(3,750,284,048)
Non controlling interest	209,073,354	657,877,943		1,726,509,849	737,443,678
Total Comprehensive income / (loss) for the period	289,118,230	(1,906,778,140)		731,203,707	(3,012,840,370)

The above figures are subject to audit unless stated otherwise. 31st May 2024

SOFTLOGIC CAPITAL PLC

INCOME STATEMENT

			Company
	Three months ended 31st March	Year ended 31st March
	2024	2023	Change %	2024	2023	Change %
	Rs.	Rs.		Rs.	Rs.
Revenue
Interest income	234,008,586	278,832,616	-16%	1,098,621,901	763,784,349	44%
Fee and trading income	50,631,468	32,823,771	54%	196,968,176	129,485,084	52%
Other income and gains	1,210,458,851	1,957,577	61735%	1,229,418,522	10,929,981	11148%
Dividend income	618,202,110	583,028,821	0%	618,202,110	584,983,902	-
Total revenue	2,113,301,015	896,642,785	136%	3,143,210,709	1,489,183,316	111%
Direct expenses
Interest expenses	(501,487,861)	(668,321,280)	-25%	(2,381,484,304)	(2,147,379,739)	11%
Other direct expenses	(12,462,046)	(4,842,375)	157%	(33,888,791)	(18,010,466)	88%
Operating profit / (loss)	1,599,351,108	223,479,130	616%	727,837,614	(676,206,889)	-208%
Administrative expenses	(10,061,205)	(66,970,071)	-85%	(172,699,628)	(208,365,294)	-17%
Distribution cost	(4,039,265)	(5,965,930)	-32%	(12,665,331)	(13,870,941)	-9%
Other operating expenses	(7,123,702)	(4,672,414)	52%	(7,507,299)	(753,875)	896%
Profit / (loss) before income tax	1,578,126,936	145,870,715	982%	534,965,356	(899,196,999)	-159%
Income tax expense	-	-	0%	-	(219,204,751)	0%
Profit / (loss) for the Period
1,578,126,936	145,870,715	982%	534,965,356	(1,118,401,750)	-148%
Basic earnings / (loss) per share (Rs.)	1.61	(0.43)		0.55	(0.99)

The above figures are subject to audit unless stated otherwise. 31st May 2024

2

SOFTLOGIC CAPITAL PLC

STATEMENT OF COMPREHENSIVE INCOME

		Company
	Three months ended 31st March		Year ended 31st March
	2024	2023		2024	2023
	Rs.	Rs.		Rs.	Rs.
Profit / (loss) for the Period	1,578,126,936	145,870,715		534,965,356	(1,118,401,750)
Other comprehensive income that will not be
reclassified to income statement in subsequent periods
Net gain / (loss) on equity instruments at fair value through
other comprehensive income	(3,619,845)	(21,618,771)		56,248,934	(46,629,591)
Net other comprehensive income / (loss) that will not
be reclassified to income statement in subsequent
periods	(3,619,845)	(21,618,771)		56,248,934	(46,629,591)
Other Comprehensive Income / (loss) for the period,
(3,619,845)	(21,618,771)		56,248,934	(46,629,591)
net of tax
Total comprehensive income / (loss) for the period
1,574,507,091	124,251,944		591,214,290	(1,165,031,342)

The above figures are subject to audit unless stated otherwise. 31st May 2024

SOFTLOGIC CAPITAL PLC

STATEMENT OF CHANGES IN EQUITY

	Group			Attributable to equity holders of the parent
						Restricted	Non-			Minority Interest	Total Equity
					Revaluation	Regulatory	Distributable	Retained
		Stated Capital	Reserve Fund	Fair Value Reserve	Reserve	Reserve	Regulatory Loss	Earnings	Total
		Rs.	Rs.	Rs.	Rs.	Rs.	Rs.	Rs.	Rs.	Rs.	Rs.
	As at 01st April 2023	3,891,595,200	260,448,732	(1,806,203,820)	216,993,842	798,004,000	1,748,974,244	(2,729,795,739)	2,380,016,459	5,158,825,112	7,538,841,571
	(Loss) for the Period	-	-	-				(1,448,703,603)	(1,448,703,603)	1,382,950,451	(65,753,152)
	Other comprehensive income / (loss) for the period	-	-	441,842,777	43,784,002	-	-	(32,310,120)	453,316,659	343,640,201	796,956,860
	Total Comprehensive Income / (loss)
	-	-	441,842,777	43,784,002	-	-	(1,481,013,723)	(995,386,944)	1,726,590,652	731,203,708
	Dividend paid to non-controlling interest	-	-	-	-	-	-	-	-	(679,422,150)	(679,422,150)
	Equity Investments in FVOCI-reclassified to retained earnings	-	-	(25,878,669)	-	-	-	25,878,669	-	-	-
	Total transactions with owners, recognised directly in equity	-	-	-	-	-	-	133,909,149	133,909,149	216,201,165	350,110,313
	Transfer to Retained Eranings	-	-	-	(172,788,381)	-	-	172,788,381	-		-
	Share Issue Expenses							(28,324,834)	(28,324,834)		(28,324,834)
	As at 31st March 2024	3,891,595,200	260,448,732	(1,390,239,712)	87,989,463	798,004,000	1,748,974,244	(3,906,558,097)	1,490,213,830	6,422,194,779	7,912,408,608
		-	-	(0)	0	-		(0)	0	(1)	(0)
	Group			Attributable to equity holders of the parent
						Restricted	Non-			Minority Interest	Total Equity
					Revaluation	Regulatory	Distributable	Retained
		Stated Capital	Reserve Fund	Fair Value Reserve	Reserve	Reserve	Regulatory Loss	Earnings	Total
		Rs.	Rs.	Rs.	Rs.	Rs.	Rs.	Rs.	Rs.	Rs.	Rs.
	As at 01st April 2022	3,891,595,200	260,448,732	(1,467,228,125)	205,090,245	798,004,000	-	2,448,984,388	6,136,894,440	5,048,701,414	11,185,595,854
	Profit for the Period	-	-	-	-	-	-	(3,443,125,870)	(3,443,125,870)	1,052,494,902	(2,390,630,968)
	Other comprehensive income for the period	-	-	(338,975,695)	11,903,597	-	-	19,913,920	(307,158,178)	(315,051,224)	(622,209,402)
	Total Comprehensive Income	-	-	(338,975,695)	-	-	-	(3,423,211,950)	(3,750,284,048)	737,443,678	(3,012,840,370)
	Dividend paid to non-controlling interest	-	-	-	-	-	-	-	-	(633,689,840)	(633,689,840)
	Transfer to Non-Distributable Regulatory Loss Allowance Reserve	-	-	-	-	-	1,748,974,244	(1,748,974,244)	-	-	-
	Equity Investments in FVOCI-reclassified to retained earnings	-	-	-	-	-	-	-	-	-	-
	Total transactions with owners, recognised directly in equity	-	-	-	-	-		(3,995,857)	(3,995,857)	6,369,860	2,374,003
	Share Issue Expenses	-	-	-	-	-	-	(2,598,076)	(2,598,076)	-	(2,598,076)
	As at 31st March 2023	3,891,595,200	260,448,732	(1,806,203,820)	205,090,245	798,004,000	1,748,974,244	(2,729,795,739)	2,380,016,459	5,158,825,112	7,538,841,571

The above figures are subject to audit unless stated otherwise. 31st May 2024

4

SOFTLOGIC CAPITAL PLC

STATEMENT OF FINANCIAL POSITION

		Group
	As at	31.03.2024		31.03.2023
		Rs.		Rs.
				Audited
	ASSETS
	Cash and cash equivalents	1,923,636,096		1,534,034,946
	Amounts due from related companies	1,287,074		6,588,308
	Other assets	3,433,218,862		2,714,211,207
	Income tax receivable	2,478,875		258,190,765
	Financial assets recognized through profit or loss	5,341,367,895		4,057,009,201
	Financial assets measured at fair value through other
	comprehensive income	5,721,896,147		2,324,850,123
	Other financial assets at amortised cost	41,495,346,509		42,753,554,869
	Loans and advances	3,878,852,530		8,842,788,482
	Lease and hirepurchase receivables	3,961,796,148		7,816,461,877
	Investment in subsidiaries	-		-
	Deferred tax asset	1,267,781,471		428,669,722
	Right of use assets	696,867,303		653,070,434
	Investment Property	103,237,000		103,237,000
	Property, plant and equipment	763,165,984		1,044,529,703
	Intangible assets	1,395,883,671		1,537,028,984
	TOTAL ASSETS	69,986,815,565		74,074,225,621
	EQUITY AND LIABILITIES
	Capital and reserves
	Stated capital	3,891,595,200		3,891,595,200
	Reserve fund	260,448,732		260,448,732
	Fair Value Reserve	(1,390,239,712)		(1,806,203,820)
	Revaluation reserve	87,989,463		216,993,842
	Restricted Regulatory Reserve	798,004,000		798,004,000
	Non-Distributable Regulatory Loss Allowance Reserve	1,748,974,244		1,748,974,244
	Retained earnings	(3,906,558,097)		(2,729,795,739)
	Shareholders' funds	1,490,213,830		2,380,016,459
	Non-controlling interest	6,422,194,778		5,158,825,112
	Total equity	7,912,408,608		7,538,841,571
	Liabilities
	Bank overdraft	716,092,386		793,848,377
	Trade and other payables	4,503,751,790		5,643,944,500
	Amounts due to related companies	88,259,802		48,082,982
	Other liabilities	433,743,793		257,402,128
	Income tax liability	1,054,338,606		935,265,514
	Interest bearing borrowings	19,703,582,489		21,685,942,810
	Public deposits	7,481,875,598		12,430,946,956
	Insurance provision	27,759,130,484		24,462,093,046
	Employee benefit liabilities	331,525,551		276,146,368
	Deferred tax liabilities	2,106,459		1,711,369
	Total Liability	62,074,406,957		66,535,384,050
	TOTAL EQUITY AND LIABILITIES	69,986,815,565		74,074,225,621
	Contingent Liabilities and Commitments	1,874,007,425		3,169,743,660

Company

31.03.2024	31.03.2023
Rs.	Rs.
	Audited
89,674,148	80,616
70,108,763	23,574,854
358,525,173	58,725,627
-	-
-	-
89,536,037	171,603,171
3,945,918,738	3,345,220,361
-
-	-
13,172,212,502	9,605,552,869
-	-
119,221,857	191,490,632
-
2,599,982	3,234,830
5,214,383	3,920,084
17,853,011,583	13,403,403,044
3,891,595,200	3,891,595,200
-	-
(52,697,061)	(83,067,326)
-	-
-	-
-
(243,220,680)	(804,064,701)
3,595,677,459	3,004,463,173
-	-
3,595,677,459	3,004,463,173
322,885,410	322,060,550
49,831,797	36,603,790
88,000,000	58,215,949
-	3,747,955
-	-
13,796,450,093	9,978,144,804
-	-
-	-
166,824	166,823
-	-
14,257,334,124	10,398,939,871
17,853,011,583	13,403,403,044
1,781,002,210	2,781,002,210

Net Assets Value per Share

1.53

2.44

3.68

3.07

The financial Statements are in compliance with the requirements of Companies Act No. 07 of 2007.

Sgd.

Assistant Vice President - Finance

The Board of Directors is responsible for the preparation & presentation of these Signed for and on behalf of Board by;

Sgd.	Sgd.
Director	Director

The above figures are subject to audit unless stated otherwise. 31st May 2024

3

SOFTLOGIC CAPITAL PLC

STATEMENT OF CHANGES IN EQUITY

Company	Stated	Fair Value	Retained	Total
	Capital	Reserve	Earnings
	Rs.	Rs.	Rs.	Rs.
As at 01st April 2023	3,891,595,200	(83,067,326)	(804,064,701)	3,004,463,173
Profit for the period	-	-	534,965,356	534,965,356
Other comprehensive income	-	56,248,934	-	56,248,934
Total comprehensive income
-	56,248,934	534,965,356	591,214,290
Equity Investments in FVOCI-reclassified to retained earnings	-	(25,878,669)	25,878,669	-
As at 31st March 2024	3,891,595,200	(52,697,061)	(243,220,676)	3,595,677,463
Company	Stated	Fair Value	Retained	Total
	Capital	Reserve	Earnings
	Rs.	Rs.	Rs.	Rs.
As at 01st April 2022	3,891,595,200	(70,702,177)	314,366,509	4,135,259,532
Loss for the period	-	-	(964,751,852)	(545,621,183)
Other comprehensive income				(25,010,820)
	-	(46,629,591)	-
Total comprehensive income	-	(46,629,591)	(964,751,852)	(1,011,381,444)
As at 31st March 2023	3,891,595,200	(117,331,768)	(650,385,343)	3,123,878,088

The above figures are subject to Audit unless stated otherwise.

31st May 2024

5

SOFTLOGIC CAPITAL PLC

STATEMENT OF CASH FLOW

	Group		Company
For the year ended 31st March	2024	2,023	2024	2023
	Rs.	Rs.	Rs.	Rs.
CASH FLOWS FROM OPERATING ACTIVITIES
Profit/(loss) before tax	430,960,380	(626,032,252)	534,965,356	(899,196,999)
Adjustments for
Dividend income	(179,520)	(118,597,711)	(618,202,110)	(584,983,902)
Profit on disposal of property, plant and equipment	19,322,807	(29,313,802)	-	-
Realized gain	(809,052,570)	(196,743,422)	-	-
Fair Value Gain/(loss)	(99,126,743)	(283,819,758)	(1,196,570,484)	-
Amortization of intangible assets	147,270,609	157,685,691	5,578,480	138,899
Unrealized exchange gain/loss	405,949,203	(880,309,225)	-	-
Interest expenses	5,464,769,747	6,264,902,431	2,381,484,304	2,147,379,739
Gratuity provision and related costs	106,466,239	70,377,315	-	89,227
Impairment of loans and receivable	642,127,647
Impairemnt of financial assets at amortized cost	807,784,709		-	-
Credit loss expense on financial assets and other losses		3,423,987,181	-	-
Rent assistance income			-	-
Amortisation of right of use assets	386,747,558	349,331,615	150,089,622	117,542,312
Depreciation	165,999,755	170,913,665	634,847	1,472,853
Operating profit before working capital changes	7,669,039,821	8,302,381,728	1,257,980,015	782,442,129
Operating Assets:
(Increase)/decrease in amounts due form related companies	5,301,234	2,589,176	(46,533,909)	23,354,989
(Increase)/decrease in other assets	(719,007,657)	(109,278,405)	(299,799,546)	(43,001,270)
(Increase)/decrease in Financial assets recognized through profit or loss	(1,994,284,522)	42,823,841	-	-
(Increase)/decrease in Financial assets measured at fair value through other	(2,622,622,036)	593,444,677	(30,370,265)
comprehensive income
(Increase)/decrease in financial assets at amortized cost	450,423,651	(10,254,834,495)	(600,698,377)	(1,339,289,536)
(Increase)/decrease in Loans and Advances	4,963,935,952	(1,328,737,042)		-
(Increase)/decrease in lease and hirepurchase receivables	3,854,665,729	3,446,422,103	-
Increase/(decrease) in trade and other payables	(1,140,192,712)	971,377,590	13,228,006	(1,763,636)
Increase /(decrease) in amount due to related companies	40,176,820	43,351,178	29,784,051	58,238,277
Increase /(decrease) in other non financial liabilities	176,341,665	90,906,938	(3,747,955)	3,182,192
Increase/(decrease) in insurance contract liabilities	3,297,037,438	1,902,969,734	-	-
Increase/(decrease) in public deposits	(4,949,071,358)	(3,151,367,143)	-	-
Cash (used in) / generated from operations	9,031,744,025	552,049,880	319,842,020	(516,836,854)
Tax Paid	(1,237,554,979)	(338,898,498)	-	-
Interest Paid	(5,464,769,747)	(5,072,324,669)	(2,611,971,065)	(1,443,649,557)
Gratuity paid	(49,642,111)	(21,889,428)	-	-
Net cash (used in) / generated from operations	2,279,777,187	(4,881,062,715)	(2,292,129,045)	(1,960,486,412)
CASH FLOWS FROM INVESTING ACTIVITIES
Dividend income	179,520	118,597,711	511,420,860	584,983,902
Investment in subsidiaries	-	-	(229,740,945)	(849,123,314)
Proceeds from non controlling interest	350,110,314	2,374,003	-	-
Proceeds on disposal of property plant & equipment	355,546,753	160,786,471	-	-
Purchase of property, plant & equipment and intangible assets	(230,106,604)	(164,876,889)	(6,872,780)	(4,448,983)
Net cash (used in) / generated from investing activities	475,729,983	116,881,296	274,807,135	(268,588,395)

CASH FLOWS FROM FINANCING ACTIVITIES

Subsidiary dividend paid to non-controlling interest Proceeds from right issue

Proceeds from long term borrowings Repayment of long term borrowings Payment of principal portion of lease liability Proceed/(repayment) from short term borrowings

Net cash (used in) / generated from financing activities

Net Increase/(Decrease) in Cash and Cash Equivalents Cash & Cash Equivalents at the beginning of the period

Cash & Cash Equivalents at the end of the Period ( Note A)

NOTES TO THE CASH FLOW STATEMENT A. Cash & Cash Equivalents

Cash & Bank Balances

Bank Overdrafts

(679,422,150)	(633,689,840)	-	-
(28,324,834)	-	-	-
801,500,000	3,589,604,404	378,500,000	2,730,725,304
(1,237,110,133)	(3,431,713,812)	(832,662,358)	(915,000,000)
(483,522,719)	(406,932,544)	(61,541,874)	(161,561,673)
(661,270,194)	5,661,961,805	2,621,794,814	340,851,684
(2,288,150,030)	4,779,230,013	2,106,090,582	1,995,015,314
467,357,141	15,048,594	88,768,672	(234,059,491)
740,186,569	725,137,973	(321,979,934)	(87,920,443)
1,207,543,710	740,186,567	(233,211,262)	(321,979,934)
2024	2,023	2,024	2023
Rs.	Rs.	Rs.	Rs.
1,923,636,096	1,534,034,944	89,674,148	80,616
(716,092,386)	(793,848,377)	(322,885,410)	(322,060,550)
1,207,543,710	740,186,567	(233,211,262)	(321,979,934)

The above figures are subject to Audit unless stated otherwise.

31st May 2024

6

SOFTLOGIC CAPITAL PLC

Segment Information - Business Segment

For the year ended 31st March 2024

	Non-banking
	Financial				Adjustments and
	Institutions	Insurance	Others	Total Segments	Eliminations	Group Total
Total external revenue	2,735,584,923	32,959,624,399	3,889,406,410	39,584,615,732	-	39,584,615,732
Inter-Segment	-	-	(1,394,518,434)	(1,394,518,434)	(1,394,518,434)	(2,789,036,869)
Total revenue	2,735,584,923	32,959,624,399	2,494,887,975	38,190,097,298	(1,394,518,434)	36,795,578,863
Interest Income	2,591,559,219	7,009,562,693	1,111,547,338	10,712,669,250	(412,320,521)	10,300,348,729
Interest expense	(2,781,033,747)	(726,245,882)	(2,418,595,310)	(5,925,874,938)	461,105,192	(5,464,769,746)
Impairment of loans and receivables	(642,127,647)	(807,784,709)	-	(1,449,912,355)	-	(1,449,912,355)
Change in insurance contract liabilities	-	(3,458,552,455)	-	(3,458,552,455)	-	(3,458,552,455)
Depreciation	(27,310,351)	(137,201,344)	(1,488,060)	(165,999,755)	-	(165,999,755)
Amortization	(18,983,976)	(748,999)	(5,578,480)	(25,311,455)	(121,959,154)	(147,270,609)
Employee benefits expenses	14,244,790	91,223,083	998,366	106,466,238	-	106,466,238
Tax expense	-	(382,202,904)	(5,884,888)	(388,087,792)	(108,625,740)	(496,713,532)
Profit after tax for the period	(1,758,019,611)	3,190,381,530	(642,377,296)	789,984,623	(855,737,774)	(65,753,152)
Total Assets	11,320,922,566	51,773,401,292	18,049,546,526	81,143,870,383	(11,157,054,821)	69,986,815,564
Total Liabilities	8,513,305,929	39,006,721,246	14,859,946,359	62,379,973,534	(305,566,578)	62,074,406,955
For the year ended 31st March 2023
	Non-banking
	Financial				Adjustments and
	Institutions	Insurance	Others	Total Segments	Eliminations	Group Total
Total external revenue	4,199,783,676	27,815,577,997	672,486,405	32,687,232,443		32,687,232,443
Inter-Segment	-		1,334,501,410	1,334,501,410	(1,334,501,410)	-
Total revenue	4,199,783,676	27,815,577,997	2,006,987,815	34,021,733,853	(1,334,501,410)	32,687,232,443
Interest Income	3,925,424,279	5,870,008,013	807,956,560	10,603,388,852	(470,848,827)	10,132,540,025
Interest expense	(3,891,334,065)	(672,271,241)	(2,237,935,391)	(6,801,540,697)	536,638,266	(6,264,902,431)
Impairment of loans and receivables	(1,809,774,887)	(1,614,212,294.00)	-	(3,423,987,181)	-	(3,423,987,181)
Change in insurance contract liabilities	-	(1,948,266,096)	-	(1,948,266,096)	-	(1,948,266,096)
Depreciation	(33,975,760)	(130,899,014)	(6,038,891)	(170,913,665)	-	(170,913,665)
Amortization	(33,237,142)	(668,794)	(1,820,601)	(35,726,537)	(121,959,154)	(157,685,691)
Employee benefits expenses	(13,710,058)	(52,497,217)	(4,170,040)	(70,377,315)	-	(70,377,315)
Tax expense	-	(1,448,545,332)	(220,272,045)	(1,668,817,377)	(95,781,339.00)	(1,764,598,716)
Profit/(Loss) after tax for the period	(2,995,203,435)	2,682,744,983	(1,113,237,648)	(1,425,696,100)	(964,934,866)	(2,390,630,966)
Total Assets	22,181,673,051	47,368,673,697	14,420,357,119	83,970,703,867	(9,896,478,245)	74,074,225,621
Total Liabilities	19,945,625,968	37,097,431,889	11,018,636,285	68,061,694,142	(1,526,310,093)	66,535,384,050

The above figures are subject to Audit unless stated otherwise. 31st May 2024

7