Asiri Surgical Hospital : Interim Financial Statment for the period ended 30th June 2022

ASIRI HOSPITAL HOLDINGS PLC

PROVISIONAL ACCOUNTS FOR THE PERIOD ENDED 30TH JUNE 2022

Asiri Hospital Holdings PLC and Its Subsidiaries

STATEMENT OF PROFIT OR LOSS

For the Period Ended 30 June

	Group				Company
	30-Jun-22	30-Jun-21		30-Jun-22	30-Jun-21
	Rs.	Rs.		Rs.	Rs.
	Un-audited	Un-audited		Un-audited	Un-audited
Revenue	5,424,691,078	4,774,648,433		2,241,173,527	1,875,371,036
Cost of Services	(3,068,584,552) (2,720,567,810)			(1,160,999,853)	(1,006,871,412)
Gross Profit	2,356,106,526	2,054,080,623		1,080,173,674	868,499,624
Other Income	78,891,333	40,263,675		38,057,513	21,718,985
Administrative Expenses	(1,192,863,803)	(997,481,865)		(510,924,235)	(424,882,156)
Selling and Distribution Expenses	(166,545,089)	(130,969,969)		(80,202,067)	(63,787,959)
Finance Costs	(761,207,953)	(271,196,558)		(654,088,482)	(263,498,090)
Finance Income	276,343,244	33,760,401			34,936,924	9,552,014
Profit/(Loss) Before Tax	590,724,258	728,456,307		(92,046,673)	147,602,418
Income Tax Expense	(178,492,260)	(109,795,395)			(23,436,249)	(7,549,863)
Profit/(Loss) for the Period	412,231,998	618,660,912		(115,482,922)	140,052,555
Attributable to:
Equity Holders of the Parent Company	369,413,561	568,685,140
Non-Controlling Interest	42,818,437	49,975,772
	412,231,998	618,660,912
Earnings Per Share- Basic	0.32	0.50		(0.10)	0.12
Dividend Per Share- Ordinary Shares	0.00	0.00		0.00	0.00

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Asiri Hospital Holdings PLC and Its Subsidiaries

STATEMENT OF COMPREHENSIVE INCOME

For the Period Ended 30 June

	Group			Company
	30-Jun-22	30-Jun-21		30-Jun-22	30-Jun-21
	Rs.	Rs.		Rs.	Rs.
	Un-audited	Un-audited		Un-audited	Un-audited
Profit/(Loss) for the Period	412,231,998	618,660,912	(115,482,922)	140,052,555
Other Comprehensive Income not to be reclassified to Statement of Profit or
Loss in subsequent periods (net of tax):
Net (Loss)/Gain on Equity Instrument Designated at FVOCI	(130,063,018)	5,069,227	(9,293,048)	(1,511,425)
Net Other Comprehensive Income not to be reclassified to Statement of Profit or
Loss in subsequent periods (net of tax):	(130,063,018)	5,069,227	(9,293,048)	(1,511,425)
Net Other Comprehensive Loss to be reclassified to Statement of Profit or Loss
in subsequent periods (net of tax):	-	-	-	-
Other Comprehensive Income/(Loss) for the Period, Net of Tax
(130,063,018)	5,069,227	(9,293,048)	(1,511,425)
Total Comprehensive Income/(Loss) for the Period, Net of Tax
282,168,980	623,730,139	(124,775,970)	138,541,130
Total Comprehensive Income Attributable to:
Equity Holders of the Parent Company	262,677,828	572,490,712
Non-Controlling Interest	19,491,152	51,239,427
	282,168,980	623,730,139

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Asiri Hospital Holdings PLC and Its Subsidiaries

STATEMENT OF FINANCIAL POSITION

Group		Company		Group			Company
31-Mar-22		31-Mar-22		30-Jun-22	30-Jun-21		30-Jun-22		30-Jun-21
Rs.		Rs.		Rs.	Rs.		Rs.		Rs.
Audited		Audited	ASSETS	Un-audited	Un-audited		Un-audited		Un-audited
			Non-current Assets
29,612,478,928	14,107,013,151	Property, Plant and Equipment	29,785,193,174			25,108,825,719	14,087,189,327	12,132,592,790
1,280,844,185	956,155,474	Right of Use Assets	1,169,775,703			1,270,188,566	991,927,819	926,974,839
609,654,071	-	Goodwill	609,654,071			609,654,071	-	-
-	12,341,417,365	Investment in Subsidiaries	-			-	12,341,417,365	12,341,176,607
62,408,163	36,426,161	Other Non Current Assets	62,035,216			50,677,752	36,053,216	24,695,752
386,326,932		93,200,000	Other Non-Current Financial Assets	285,945,623			550,500,533		89,906,952		128,400,002
31,951,712,279	27,534,212,151		31,912,603,787			27,589,846,641	27,546,494,679	25,553,839,990
			Current Assets
1,000,220,190	299,553,034	Inventories	1,506,479,701			702,370,093	498,469,192	223,258,707
4,237,404,138	716,672,052	Loans Granted to Related Parties	7,446,784,410			1,699,368,111	594,431,113	-
-	744,959,212	Dividend Receivable	-			-	-	-
707,745,547	467,203,227	Trade and Other Receivables	816,610,078			521,843,416	527,725,128	619,447,397
507,544,251	147,488,562	Other Current Assets	575,590,371			473,771,561	169,776,702	116,999,705
838,746,156		394,360,827	Cash and Cash Equivalents	1,247,434,470			863,960,177		393,522,008		355,132,245
7,291,660,282		2,770,236,914		11,592,899,030			4,261,313,358		2,183,924,143		1,314,838,054
39,243,372,561	30,304,449,065	Total Assets	43,505,502,817			31,851,159,999	29,730,418,822	26,868,678,044
			EQUITY AND LIABILITIES
			Capital and Reserves
4,748,108,334	4,748,108,334	Stated Capital	4,748,108,334			4,748,108,334	4,748,108,334	4,748,108,334
6,915,288,031	4,075,642,662	Other Components of Equity	6,808,552,299			3,221,901,898	4,066,349,615	2,291,609,117
2,990,073,369		1,773,614,805	Retained Earnings	3,359,486,930			2,896,259,139		1,658,131,883		1,509,892,620
14,653,469,734		10,597,365,801	Share Holders' Fund	14,916,147,563			10,866,269,371		10,472,589,832		8,549,610,071
1,169,367,850		-	Non-Controlling Interests	1,188,859,002			1,054,718,860		-		-
15,822,837,584	10,597,365,801	Total Equity	16,105,006,565			11,920,988,231	10,472,589,832	8,549,610,071
			Non-current Liabilities
6,246,747,700	9,167,260,449	Interest Bearing Loans and Borrowings	5,773,302,260			7,669,839,809	6,861,946,540	9,661,014,106
2,042,325,097	923,941,783	Deferred Tax Liabilities	2,055,688,984			1,154,803,893	935,878,029	497,069,342
699,050,763		276,748,806	Employee Benefit Obligations	719,666,688			685,511,069		286,310,247		268,893,126
8,988,123,560	10,367,951,038		8,548,657,932			9,510,154,771	8,084,134,816	10,426,976,574
			Current Liabilities
7,590,045,963	4,263,102,675	Interest Bearing Loans and Borrowings	11,364,032,582			6,334,852,884	6,940,606,868	4,639,832,044
1,938,262,248	1,076,281,363	Trade and Other Payables	2,381,307,256			1,787,972,113	1,110,095,084	1,135,391,261
1,509,632,702	1,400,551,797	Dividend Payable	55,379,095			44,100,710	48,646,909	33,057,785
348,485,366	231,862,481	Income Tax Payable	254,748,161			104,437,798	43,362,481	22,977,629
3,045,985,138		2,367,333,910	Bank Overdraft	4,796,371,226			2,148,653,492		3,030,982,832		2,060,832,680
14,432,411,417		9,339,132,226		18,851,838,320			10,420,016,997		11,173,694,174		7,892,091,399
39,243,372,561		30,304,449,065	Total Equity and Liabilities	43,505,502,817			31,851,159,999		29,730,418,822		26,868,678,044
12.88	9.32	Net Assets Per Share	13.11			9.55	9.21	7.52
			The above figures are provisional & subject to audit.	1227088.5						222,873,021

It is certified that the Financial Statements have been prepared in accordance with the requirements of the Companies Act No.7 of 2007.

Sgd

Ajith Karunarathne

Director Finance

The Board of Directors is responsible for the preparation and presentation of these Financial Statements.

Signed for and on behalf of the Board.

Sgd	Sgd
Ashok Pathirage	Dr. Manjula Karunaratne
Chairman / Managing Director	Director/Chief Executive Officer
12th August 2022
Colombo

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Asiri Hospital Holdings PLC and Its Subsidiaries

STATEMENT OF CHANGES IN EQUITY

For the Period Ended 30 June

Group			Equity Attributable to Equity Holders of the Parent
			Revaluation		Reserve on		Retained		Fair Value Reserve		Foreign Currency	Minority
	Stated Capital					of Financial Assets			Total
		Reserve		Consolidation		Earnings			Translation Reserve	Interest
						at FVOCI
	Rs.		Rs.		Rs.		Rs.		Rs.		Rs.	Rs.		Rs.
Balance as at 01 April 2021	4,748,108,334	4,185,577,785	(920,570,832)	2,327,573,999	(46,240,071)	(670,556)		1,003,479,433	11,297,258,091
Profit for the Period	-	-	-	568,685,140	-	-		49,975,772	618,660,912
Other Comprehensive Income	-		-		-		-		3,805,572		-		1,263,655		5,069,227
Total Comprehensive Income	-		-		-		568,685,140		3,805,572		-		51,239,427		623,730,139
Balance as at 30 June 2021	4,748,108,334	4,185,577,785	(920,570,832)	2,896,259,139	(42,434,499)	(670,556)		1,054,718,860		11,920,988,231
Balance as at 01 April 2022	4,748,108,334	8,022,444,831	(920,572,167)	2,990,073,369	(183,580,613)	(3,004,019)		1,169,367,850	15,822,837,584
Profit for the Period	-	-	-	369,413,561	-	-		42,818,437	412,231,998
Other Comprehensive Income	-		-		-		-		(106,735,733)		-		(23,327,285)		(130,063,018)
Total Comprehensive Income	-		-		-		369,413,561		(106,735,733)		-		19,491,152		282,168,980
Balance as at 30 June 2022	4,748,108,334	8,022,444,831	(920,572,167)	3,359,486,930	(290,316,346)	(3,004,019)		1,188,859,002	16,105,006,565
Company
									Revaluation		Fair Value Reserve	Retained
							Stated Capital			of Financial Assets		Total
								Reserve		Earnings
										at FVOCI
							Rs.		Rs.		Rs.	Rs.		Rs.
Balance as at 01 April 2021						4,748,108,334	2,293,120,542	-		1,369,840,065	8,411,068,941
Profit for the Period						-	-	-		140,052,555	140,052,555
Other Comprehensive Income							-		-		(1,511,425)		-		(1,511,425)
Total Comprehensive Income						-	-	(1,511,425)		140,052,555	138,541,130
Balance as at 30 June 2021						4,748,108,334	2,293,120,542	(1,511,425)		1,509,892,620		8,549,610,071
Balance as at 01 April 2022						4,748,108,334	4,112,354,091	(36,711,427)		1,773,614,805	10,597,365,801
Loss for the Period						-	-	-		(115,482,922)	(115,482,922)
Other Comprehensive Income							-		-		(9,293,048)		-		(9,293,048)
Total Comprehensive Income						-	-	(9,293,048)		(115,482,922)	(124,775,970)
Balance as at 30 June 2022							4,748,108,334		4,112,354,091		(46,004,475)		1,658,131,883		10,472,589,832

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