VALLIBEL ONE PLC
INTERIM FINANCIAL STATEMENTS
FOR THE NINE MONTHS PERIOD ENDED 31ST DECEMBER 2021
VALLIBEL ONE PLC
STATEMENT OF FINANCIAL POSITION
Company | Group | ||||||
As at | 31.12.2021 | 31.03.2021 | 31.12.2021 | 31.03.2021 | |||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | ||||
ASSETS | |||||||
Cash and cash equivalent | 258,917 | 88,931 | 25,612,506 | 11,517,402 | |||
Financial assets measured at fair value through profit or loss | 74,589 | 87,998 | 135,498 | 137,049 | |||
Loans and Receivable | - | - | 82,497,548 | 67,466,580 | |||
Lease rentals receivables and stock out on hire | - | - | 42,285,442 | 47,359,635 | |||
Equity instruments measured at fair value through OCI | 8,915,200 | 9,206,099 | 8,949,032 | 9,231,268 | |||
Other financial assets | - | 75,000 | 7,107,542 | 11,187,198 | |||
Trade and other debtors and deposits | 305,798 | 663,567 | 8,812,558 | 8,257,681 | |||
Contract asset | - | - | 40,343 | 52,561 | |||
Other non-financial assets | 4,096 | 2,749 | 1,834,396 | 1,114,376 | |||
Investments in subsidiaries | 20,230,723 | 20,230,723 | - | - | |||
Investment in associate | 413,068 | 413,068 | 570,363 | 591,144 | |||
Deferred tax assets | 3,954 | 3,954 | 64,630 | 37,510 | |||
Income tax recoverable | - | - | 60,502 | 64,894 | |||
Inventories | - | - | 14,512,151 | 12,318,317 | |||
Leasehold rights over mining lands | - | - | 1,619 | 1,619 | |||
Right of Use Lease Assets | 31,291 | 59,452 | 3,322,343 | 2,724,270 | |||
Intangible assets | - | - | 12,735,548 | 12,798,873 | |||
Consumable biological assets | - | - | 592,893 | 630,578 | |||
Investment property | - | - | 1,996,010 | 1,980,307 | |||
Property, plant and equipment | 28,333 | 32,484 | 53,580,383 | 52,594,706 | |||
Assets held for sale | - | - | 58,613 | 65,602 | |||
Total Assets | 30,265,969 | 30,864,025 | 264,769,920 | 240,131,570 | |||
LIABILITIES | |||||||
Due to banks | 2,257 | 106 | 23,020,253 | 17,904,126 | |||
Due to customers | - | - | 87,672,862 | 85,940,213 | |||
Interest-bearing loans and borrowings | 39,734 | 68,162 | 24,615,465 | 19,386,131 | |||
Trade and other payables | 42,865 | 20,863 | 11,612,911 | 9,150,750 | |||
Other non-financial liabilities | - | - | 940,408 | 729,673 | |||
Contract liabilities | - | - | 4,338,969 | 1,832,902 | |||
Dividend payable | 34,086 | 13,821 | 172,369 | 92,161 | |||
Employee benefit liabilities | 17,280 | 14,689 | 2,230,496 | 2,093,302 | |||
Income tax liabilities | 157,016 | 212,739 | 2,709,306 | 3,141,752 | |||
Deferred tax liabilities | - | - | 5,487,660 | 5,501,377 | |||
Liabilities directly associated with the assets classified as held for | |||||||
sale | - | - | 142,235 | 169,243 | |||
Total Liabilities | 293,238 | 330,380 | 162,942,934 | 145,941,630 | |||
Shareholders' Funds | |||||||
Equity Attributable to Equity Holders of the Parent | |||||||
Stated capital | 29,337,103 | 29,337,103 | 29,337,103 | 29,337,103 | |||
Reserves | 3,033,344 | 3,303,359 | 24,252,914 | 21,151,234 | |||
Other components of equity | (2,397,716) | (2,106,817) | 12,946,912 | 12,068,011 | |||
29,972,731 | 30,533,645 | 66,536,929 | 62,556,348 | ||||
Non Controlling Interest | - | - | 35,290,057 | 31,633,592 | |||
Total Equity | 29,972,731 | 30,533,645 | 101,826,986 | 94,189,940 | |||
Total Equity and Liabilities | 30,265,969 | 30,864,025 | 264,769,920 | 240,131,570 | |||
Net Asset Per Share (Rs.) | 26.32 | 26.81 | 58.42 | 54.93 |
These Financial Statements are in Compliance with the requirements of Companies Act No. 07 of 2007.
Sgd.
Chief Financial Officer
The Board of Directors is responsible for the preparation and presentation of these Financial Statements. Signed for and on behalf of the board by,
Sgd. | Sgd. |
Director | Director |
11/02/2022 |
VALLIBEL ONE PLC
STATEMENT OF INCOME
Company | Group | |||||||||
For the Period ended 31st December | 2021 | 2020 | 2021 | 2020 | Variance | 2021 | 2020 | 2021 | 2020 | Variance |
Quarter | Quarter | Cumulative | Cumulative | % | Quarter | Quarter | Cumulative | Cumulative | % | |
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | |||
Revenue | ||||||||||
Revenue from contract with customers | - | - | - | - | - | 18,868,545 | 15,571,061 | 47,420,302 | 34,885,837 | 36 |
Interest income | - | - | - | - | - | 8,372,767 | 7,470,136 | 21,960,938 | 21,717,094 | 1 |
Total revenue | - | - | - | - | - | 27,241,312 | 23,041,197 | 69,381,240 | 56,602,931 | 23 |
Cost of sales | - | - | - | - | - | (13,724,735) | (12,407,022) | (36,078,725) | (32,056,782) | (13) |
Gross profit | - | - | - | - | - | 13,516,577 | 10,634,175 | 33,302,515 | 24,546,149 | 36 |
Dividend income | 930,039 | - | 2,820,989 | 856,216 | 229 | 2,183 | 3,279 | 2,442 | 673,886 | (100) |
Other operating income | 120,451 | 90,417 | 268,578 | 273,399 | (2) | 78,949 | 143,843 | 315,420 | 354,742 | (11) |
Administrative expenses | (104,964) | (54,273) | (245,190) | (174,496) | (41) | (2,451,761) | (2,044,450) | (6,709,346) | (5,623,578) | (19) |
Distribution expenses | - | - | - | - | - | (2,061,347) | (1,906,667) | (5,244,110) | (4,400,236) | (19) |
Other operating expenses | (25,143) | - | (13,409) | - | (100) | 83,646 | (491,649) | (655,486) | (1,999,271) | 67 |
Result from operating activities | 920,383 | 36,144 | 2,830,968 | 955,119 | 196 | 9,168,247 | 6,338,531 | 21,011,435 | 13,551,692 | 55 |
Finance cost | (1,446) | (19,879) | (6,854) | (85,141) | 92 | (249,777) | (349,807) | (833,299) | (1,588,091) | 48 |
Finance income | 8,381 | - | 25,612 | - | 100 | 165,042 | 6,523 | 376,425 | 64,530 | 483 |
Net finance cost | 6,935 | (19,879) | 18,758 | (85,141) | 122 | (84,735) | (343,284) | (456,874) | (1,523,561) | 70 |
Share of results of equity accounted investees | - | - | - | - | - | 553 | (9,847) | (20,781) | (31,948) | 35 |
Profit before tax on financial services | 927,318 | 16,265 | 2,849,726 | 869,978 | 228 | 9,084,065 | 5,985,400 | 20,533,780 | 11,996,183 | 71 |
Tax on financial services | - | - | - | - | - | (667,228) | (450,132) | (1,538,864) | (1,090,338) | (41) |
Profit before tax | 927,318 | 16,265 | 2,849,726 | 869,978 | 228 | 8,416,837 | 5,535,268 | 18,994,916 | 10,905,845 | 74 |
Income tax expense | (49,435) | 1,285 | (272,450) | (91,371) | (198) | (2,143,903) | (1,452,993) | (5,027,612) | (2,996,189) | (68) |
Profit for the period from continuing operation | 877,883 | 17,550 | 2,577,276 | 778,607 | 231 | 6,272,934 | 4,082,275 | 13,967,304 | 7,909,656 | 77 |
Discontinued Operation | ||||||||||
Profit/(Loss)After tax for the year from discontinued operations | - | - | - | - | 4,658 | (3,419) | 12,133 | (18,764) | 165 | |
Net profit for the period | 877,883 | 17,550 | 2,577,276 | 778,607 | 231 | 6,277,592 | 4,078,856 | 13,979,437 | 7,890,892 | 77 |
Attributable to : | ||||||||||
Equity holders of the parent | 877,883 | 17,550 | 2,577,276 | 778,607 | 231 | 3,160,232 | 2,033,933 | 7,205,541 | 4,477,644 | 61 |
Non - controlling interests | - | - | - | - | 3,117,360 | 2,044,923 | 6,773,896 | 3,413,248 | 98 | |
877,883 | 17,550 | 2,577,276 | 778,607 | 231 | 6,277,592 | 4,078,856 | 13,979,437 | 7,890,892 | 77 | |
Earnings Per Share (Rs.) | 0.81 | 0.02 | 2.37 | 0.72 | 2.90 | 1.87 | 6.62 | 4.12 |
VALLIBEL ONE PLC
STATEMENT OF COMREHENSIVE INCOME
Company | Group | |||||||||||
For the period ended 31st December | 2021 | 2020 | 2021 | 2020 | Variance | 2021 | 2020 | 2021 | 2020 | Variance | ||
Quarter | Quarter | Cumulative | Cumulative | % | Quarter | Quarter | Cumulative | Cumulative | % | |||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | |||||
Profit for the period | 877,883 | 203,557 | 2,577,276 | 778,607 | 231 | 6,277,592 | 4,078,856 | 13,979,437 | 7,890,892 | 77 | ||
Other comprehensive income | ||||||||||||
Other comprehensive income to be reclassified to income statement in | ||||||||||||
subsequent periods | ||||||||||||
Exchange difference on translation of foreign operations | - | - | - | - | - | 34,554 | (13,537) | (142,761) | 13,402 | (1165) | ||
Other comprehensive income not to be reclassified to income statement | ||||||||||||
in subsequent periods | ||||||||||||
Net gain/(loss) on equity instruments measured at fair value through OCI | 17,112 | 205,340 | (290,899) | (1,363,233) | 79 | 39,838 | 206,928 | (282,399) | (1,360,871) | 79 | ||
Revaluation of land and building - net of tax | - | - | - | - | - | 25 | - | 890 | - | 100 | ||
Acturial gain/(loss) on retirement benefit obligation - net of tax | - | - | - | - | - | - | (1,231) | - | (3,692) | 100 | ||
Other comprehensive income for the period, net of tax | 17,112 | 205,340 | (290,899) | (1,363,233) | 79 | 74,417 | 192,160 | (424,270) | (1,351,161) | 69 | ||
Total comprehensive income for the period, net of tax | 894,995 | 408,897 | 2,286,377 | (584,626) | 491 | 6,352,009 | 4,271,016 | 13,555,167 | 6,539,732 | 107 | ||
Total comprehensive income attributable to: | ||||||||||||
Equity holders of the parent | 894,995 | 408,897 | 2,286,377 | (584,626) | 491 | 3,215,481 | 2,231,052 | 6,825,456 | 3,123,613 | 119 | ||
Non-controlling interests | - | - | - | - | - | 3,136,528 | 2,039,964 | 6,729,711 | 3,416,119 | 97 | ||
894,995 | 408,897 | 2,286,377 | (584,626) | 491 | 6,352,009 | 4,271,016 | 13,555,167 | 6,539,732 | 107 | |||
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VALLIBEL ONE PLC
STATEMENT OF CHANGES IN EQUITY- COMPANY
For the period ended 31st December | Stated Capital | Fair value | Retained | Total | |||
Reserve | Earnings | ||||||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | ||||
Balance as at 01st April 2020 | 27,163,984 | (2,215,191) | 3,413,067 | 28,361,859 | |||
Profit for the period | - | - | 778,607 | 778,607 | |||
Other comprehensive income | - | (1,363,233) | - | (1,363,233) | |||
Balance as at 31st December 2020 | 27,163,984 | (3,578,424) | 4,191,673 | 27,777,233 | |||
Balance as at 01st April 2021 | 29,337,103 | (2,106,817) | 3,303,359 | 30,533,645 | |||
Profit for the period | - | - | 2,577,276 | 2,577,276 | |||
Other comprehensive income | - | (290,899) | - | (290,899) | |||
Dividend Paid | - | - | (2,847,289) | (2,847,289) | |||
Balance as at 31st December 2021 | 29,337,103 | (2,397,716) | 3,033,347 | 29,972,731 |
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Vallibel One plc published this content on 14 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 February 2022 03:41:03 UTC.