Asiri Surgical Hospital : Interim Financial Statment for the period ended 31st December 2022

ASIRI HOSPITAL HOLDINGS PLC

PROVISIONAL ACCOUNTS FOR THE PERIOD ENDED 31st DECEMBER 2022

Asiri Hospital Holdings PLC and Its Subsidiaries

STATEMENT OF PROFIT OR LOSS

For the Period Ended 31 December

	GROUP	COMPANY
	31-Dec-22	31-Dec-21	31-Dec-22	31-Dec-21
	Rs.	Rs.	Rs.	Rs.
	Un-audited	Un-audited	Un-audited	Un-audited
Revenue	18,149,237,735	16,621,175,380	7,643,590,017	6,518,872,469
Cost of Services	(9,688,516,924)	(8,883,842,310)	(3,767,993,884)	(3,214,480,978)
Gross Profit	8,460,720,811	7,737,333,070	3,875,596,133	3,304,391,491
Other Income	177,701,639	142,161,949	97,253,766	1,677,125,400
Administrative Expenses	(3,798,034,059)	(3,139,793,850)	(1,621,114,160)	(1,347,145,631)
Selling and Distribution Expenses	(632,611,213)	(458,506,958)	(257,060,698)	(210,118,624)
Finance Costs	(3,705,326,720)	(880,992,306)	(2,834,774,476)	(831,690,311)
Finance Income	1,693,633,473	143,187,888	115,602,366	35,295,777
Profit/(Loss) Before Tax	2,196,083,931	3,543,389,793	(624,497,069)	2,627,858,102
Income Tax Expense	(937,246,957)	(723,197,282)	(202,457,758)	(338,641,080)
Profit/(Loss) for the Period	1,258,836,974	2,820,192,511	(826,954,827)	2,289,217,022
Attributable to:
Equity Holders of the Parent Company	1,077,738,443	2,606,473,134
Non-Controlling Interest	181,098,531	213,719,377
	1,258,836,974	2,820,192,511
Earnings Per Share- Basic	0.95	2.29	(0.73)	2.01
Dividend Per Share- Ordinary Shares	0.00	1.30	0.00	1.30

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Asiri Hospital Holdings PLC and Its Subsidiaries

STATEMENT OF COMPREHENSIVE INCOME

For the Period Ended 31 December

	Group	Company
	31-Dec-22	31-Dec-21	31-Dec-22	31-Dec-21
	Rs.	Rs.	Rs.	Rs.
	Un-audited	Un-audited	Un-audited	Un-audited
Profit/(Loss) for the Period	1,258,836,974	2,820,192,511	(826,954,827)	2,289,217,022

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

Deferred Tax on Revaluation of Land and Buildings

Net Other Comprehensive Income not to be reclassified to Statement of Profit or Loss in subsequent periods (net of tax):

(117,456,725)	(64,838,027)	(1,590,726)	(11,911,427)
(1,139,787,688)	-	(725,995,766)	-
(1,257,244,413)	(64,838,027)	(727,586,492)	(11,911,427)

Other Comprehensive Income/(Loss) for the Period, Net of Tax	(1,257,244,413)	(64,838,027)	(727,586,492)	(11,911,427)
Total Comprehensive Income/(Loss) for the Period, Net of Tax	1,592,561	2,755,354,484	(1,554,541,319)	2,277,305,595
Total Comprehensive Income Attributable to:
Equity Holders of the Parent Company	(90,163,559)	2,551,964,165	-	-
Non-Controlling Interest	91,756,120	203,390,319	-	-
	1,592,561	2,755,354,484

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Asiri Hospital Holdings PLC and Its Subsidiaries

STATEMENT OF PROFIT OR LOSS

For the Three Months Ended 31 December

		GROUP		COMPANY
		31-Dec-22	31-Dec-21	31-Dec-22	30-Dec-21
		Rs.	Rs.	Rs.	Rs.
		Un-audited	Un-audited	Un-audited	Un-audited
Revenue		6,647,503,289	6,003,565,502	2,815,525,699	2,357,598,987
Cost of Services		(3,278,438,737)	(3,011,717,607)	(1,302,318,930)	(1,069,919,923)
Gross Profit		3,369,064,552	2,991,847,895	1,513,206,769	1,287,679,064
Other Income		53,202,891	54,092,522	31,036,575	1,629,769,585
Administrative Expenses	(1,292,620,862)	(1,093,612,804)	(566,468,679)	(467,501,499)
Selling and Distribution Expenses	(303,994,360)	(166,069,792)	(92,995,602)	(70,062,476)
Finance Costs		(1,598,370,753)	(343,650,044)	(1,174,725,563)	(306,422,720)
Finance Income		816,324,298	73,230,521	44,198,320	16,505,600
Profit Before Tax		1,043,605,766	1,515,838,298	(245,748,180)	2,089,967,554
Income Tax Expense		(534,684,095)	(424,262,914)	(152,771,044)	(289,798,675)
Profit for the Period		508,921,671	1,091,575,384	(398,519,224)	1,800,168,879
Attributable to:
Equity Holders of the Parent Company	431,793,068	992,286,553
Non-Controlling Interests	77,128,603	99,288,831
		508,921,671	1,091,575,384
Earnings Per Share	- Basic	0.38	0.87	(0.35)	1.58
Dividend Per Share	- Ordinary Shares	0.00	1.30	0.00	1.30

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Asiri Hospital Holdings PLC and Its Subsidiaries

STATEMENT OF COMPREHENSIVE INCOME

For the Three Months Ended 31 December

	Group		Company
	31-Dec-22	31-Dec-21	31-Dec-22	31-Dec-21
	Rs.	Rs.	Rs.	Rs.
	Un-audited	Un-audited	Un-audited	Un-audited
Profit for the Period	508,921,671	1,091,575,384	(398,519,224)	1,800,168,879
Other Comprehensive Income not to be reclassified to Statement of Profit or Loss in subsequent
periods (net of tax):
Net Gain on Equity Instrument Designated at FVOCI	(38,621,150)	(45,689,440)	1,283,720	(6,200,000)
Deferred Tax on Revaluation of Land and Buildings	(1,139,787,688)	-	(725,995,766)	-
Net Other Comprehensive Income not to be reclassified to Statement of Profit or Loss in
subsequent periods (net of tax):	(1,178,408,838)	(45,689,440)	(724,712,046)	(6,200,000)
Other Comprehensive Income/(Loss) for the Period, Net of Tax	(1,178,408,838)	(45,689,440)	(724,712,046)	(6,200,000)
Total Comprehensive Income/(Loss) for the Period, Net of Tax	(669,487,167)	1,045,885,944	(1,123,231,270)	1,793,968,879
Attributable to:
Equity Holders of the Parent Company	(671,945,607)	954,291,142
Non-Controlling Interests	2,458,440	91,594,802
	(669,487,167)	1,045,885,944

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