Ceylon Hospitals : Quarterly Financial Statements as of 30 June 2022

Financial Statements

Ceylon Hospitals PLC

For the 1st Quarter ended 30th June 2022

	Financial Statements for the Quarter ended 30th June 2022
Consolidated Statement of Profit or Loss and Other Comprehensive Income
	Group	Company
	03 Months	03 Months	03 Months	03 Months
	Ended	Ended	Ended	Ended
	30/06/2022	30/06/2021	30/06/2022	30/06/2021
	Rs. '000	Rs. '000	Rs. '000	Rs. '000
Revenue	1,644,483	1,880,131	906,217	1,259,665
Cost of Sales	(620,676)	(734,546)	(342,590)	(516,694)
Gross Profit	1,023,808	1,145,586	563,627	742,972
Other Operating Income	(13,168)	8,614	8,806	4,692
Overheads
Administrative Expenses	(621,428)	(699,633)	(397,893)	(501,476)
Other Operating Expenses	(196,650)	(162,320)	(120,496)	(109,944)
Finance Cost	(15,583)	(23,872)	(12,678)	(22,767)
Finance Income	65,340	19,642	213,155	152,507
	(768,321)	(866,183)	(317,912)	(481,681)
Gain on Bargain Purchase	-	12,002	-	-
Share of Profit of an Equity Accounted Investee	-	13,263	-	-
Profit Before Taxation	242,319	313,282	254,521	265,983
Taxation	(35,314)	(83,542)	(15,145)	(41,766)
Net Profit after Taxation	207,006	229,740	239,376	224,217
Other Comprehensive Income
Items will not be reclassified to profit or loss
Net Change in Fair Value on Equity Investments at FVOCI	(1,880)	56	1,660	56
Other Comprehensive Income for the Year	(1,880)	56	1,660	56
Total Comprehensive Income for the Year	205,125	229,796	241,036	224,273

Profit Attributable to: Equity Holders of the Parent Non-Controlling Interest

184,299	193,691	241,036	224,217
22,706	36,049	-	-
207,006	229,740	241,036	224,217

Total Comprehensive Income Attributable to: Equity Holders of the Parent Non-Controlling Interest

Earnings per Share - Basic

183,086	193,747	239,376	224,273
22,039	36,049	-	-
205,125	229,796	239,376	224,273
5.44	5.72	7.12	6.62

The above figures are provisional and subject to audit.

Ceylon Hospitals PLC

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Financial Statements for the Quarter ended 30th June 2022

Consolidated Statement of Financial Position
GROUP	COMPANY		GROUP	COMPANY
Audited	Audited		Unaudited	Audited	Unaudited	Audited
As at	As at		As at	As at	As at	As at
31/03/2022	31/03/2022		30/06/2022	30/06/2021	30/06/2022	30/06/2021
Rs. '000	Rs. '000		Rs. '000	Rs. '000	Rs. '000	Rs. '000
		ASSETS
		Non-Current Assets
8,481,203	5,592,128	Property, Plant and Equipment	8,637,893	7,796,767	5,748,239	5,166,959
288,954	288,954	Right of Use Assets	273,264	206,644	273,264	206,644
-	1,457,821	Investments in Subsidiary	-	-	1,457,821	1,457,821
-	-	Investment in Equity Accounted Investee	-	-	-	-
272,923	71,416	Other Financial Assets	304,186	216,607	82,847	67,350
890	-	Prepaid Rent	1,760	853	-	-
9,043,970	7,410,319		9,217,103	8,220,870	7,562,170	6,898,773
		Current Assets
835,149	693,571	Inventories	996,593	632,693	806,117	505,034
306,454	214,955	Trade and Other Receivables	407,511	368,957	199,307	209,465
252,441	195,053	Prepayments	479,569	204,290	286,667	167,610
1,934	75,921	Amount Due from Related Parties	4,399	370	34,377	82,717
1,451,388	659,287	Other Financial Assets	1,551,226	824,417	771,808	130,407
13,278	13,259	Tax Refund Due	13,260	-	13,260	-
898,189	129,295	Cash and Cash Equivalents	361,135	811,655	124,725	303,714
3,758,833	1,981,341		3,813,693	2,842,382	2,236,259	1,398,946
12,802,803	9,391,660	Total Assets	13,030,797	11,063,252	9,798,430	8,297,720
		EQUITY AND LIABILITIES
		Equity Attributable to Equity holders of the parent
916,366	916,366	Stated Capital	916,366	916,366	916,366	916,366
2,691,662	2,134,544	Revaluation Reserve	2,691,662	2,691,662	2,134,544	2,134,544
65,868	600	Fair Value Reserve	64,655	68,492	2,260	184
3,873,950	2,695,436	Revenue Reserves	3,888,885	3,036,737	2,765,448	2,102,224
7,547,846	5,746,946		7,561,568	6,713,258	5,818,618	5,153,318
734,254	-	Non-Controlling Interests	714,061	727,986	-	-
8,282,100	5,746,946	Total Equity	8,275,629	7,441,244	5,818,618	5,153,318
		Non-Current Liabilities
1,701,501	1,606,247	Interest Bearing Loans and Borrowings	1,921,961	879,217	1,834,353	818,299
-	31,470	Deferred Revenue	-	-	30,129	32,925
177,998	156,790	Retirement Benefit Obligations	180,747	243,703	158,385	218,148
707,793	452,599	Deferred Tax Liabilities	711,252	646,650	452,599	440,809
2,587,292	2,247,106		2,813,959	1,769,569	2,475,466	1,510,181
		Current Liabilities
246,765	94,527	Bank Overdraft	256,995	304,588	84,960	246,890
306,060	248,830	Interest Bearing Loans and Borrowings	318,314	562,734	268,043	525,141
1,247,893	862,449	Trade and Other Payables	1,268,600	918,472	774,714	583,099
127,894	73,281	Taxation Payable	83,976	54,795	40,278	35,567
4,799	118,521	Amount Due to Related Parties	13,322	11,850	336,351	243,523
1,933,411	1,397,608		1,941,208	1,852,439	1,504,346	1,634,221
12,802,803	9,391,660	Total Equity and Liabilities	13,030,797	11,063,252	9,798,430	8,297,720

The above figures are provisional and subject to audit.

Signed

R K Thusitha

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,

Signed	Signed
A E Tudawe	U D Tudawe
Chairman	Director
10th August 2022
Ceylon Hospitals PLC	- 2 -

STATEMENT OF CHANGES IN EQUITY

Group

Balance as at 31st March 2021

Net Profit for the Period

Other Comprehensive Income Deferred Tax Effect on Revaluation Gain Actuarial Gain/ (Loss) on Gratuity Valuation

Deferred Tax effect on actuarial Loss on Gratuity Valuation Prior Year Adjustments - Inventory Written off

Net Change in Fair Value on Equity Investments at FVOCI

Total Comprehensive Income for the Period

Transactions with Owners in their capacity as Owners Non Controlling Interest on Acquisition of Subsidiary Share Buy-back

Dividend Paid - Ordinary Shares

Balance as at 31st March 2022

Net Profit for the Period

Other Comprehensive Income

Net Change in Fair Value on Equity Investments at FVOCI

Total Comprehensive Income for the Period

Transactions with Owners in their capacity as Owners Non-ControllingInterest on Acquisition of Subsidiary Dividend Paid - Ordinary Shares

Balance as at 30th June 2022

Company

Balance as at 31st March 2021

Net Profit for the Period

Other Comprehensive Income

Actuarial Gain/ (Loss) on Gratuity Valuation Deferred Tax Effect on Gratuity Valuation

Net Change in Fair Value on Equity Investments at FVOCI

Total Comprehensive Income for the Period

Transactions with Owners in their capacity as Owners Dividend Paid - Ordinary Shares

Balance as at 31st March 2022

Net Profit/(Loss) for the period

Other Comprehensive Income

Net Change in Fair Value on Equity Investments at FVOCI

Total Comprehensive Income for the Period

Transactions with Owners in their capacity as Owners Dividend Paid - Ordinary Shares

Balance as at 30th June 2022

Financial Statements for the Quarter ended 30th June 2022

Stated	Revaluation	Fair Value	Accumulated	Total	Non-Controlling	Total
Capital	Reserve	Reserve	Profits		Interest
Rs. '000	Rs. '000	Rs. '000	Rs. '000	Rs. '000	Rs. '000	Rs. '000
916,366	2,691,662	68,436	2,951,439	6,627,903	592,626	7,220,530
-	-	-	982,324	982,324	127,202	1,109,526
-	-	-	-	-	-	-
-	-	-	55,965	55,965	300	56,265
-	-	-	(6,342)	(6,342)	332	(6,010)
-	-	-	(989)	(989)	(230)	(1,219)
-	-	(2,568)	-	(2,568)	217	(2,351)
-	-	(2,568)	1,030,958	1,028,390	127,821	1,156,211
-	-	-	-	-	127,301	127,301
-	-	-	(54)	(54)	-	(54)
-	-	-	(108,393)	(108,393)	(113,495)	(221,888)
-	-	-	(108,447)	(108,447)	13,806	(94,641)
916,366	2,691,662	65,868	3,873,950	7,547,846	734,253	8,282,100
-	-	-	184,299	184,299	22,706	207,006
-	-	(1,213)	-	(1,213)	(667)	(1,880)
-	-	(1,213)	184,299	183,086	22,039	205,125
-	-	-	-	-	-	-
-	-	-	(169,364)	(169,364)	(42,231)	(211,595)
-	-	-	(169,364)	(169,364)	(42,231)	(211,595)
916,366	2,691,662	64,655	3,888,885	7,561,568	714,061	8,275,629
Stated	Revaluation	Fair Value	Accumulated	Total
Capital	Reserve	Reserve	Profits
Rs. '000	Rs. '000	Rs. '000	Rs. '000	Rs. '000
916,366	2,134,544	128	1,986,400	5,037,438
-	-	-	770,550	770,550
-	-	-	54,510	54,510
-	-	-	(7,631)	(7,631)
-	-	472	-	472
-	-	472	817,429	817,901
-	-	-	(108,393)	(108,393)
-	-	-	(108,393)	(108,393)
916,366	2,134,544	600	2,695,436	5,746,946
-	-	-	239,376	239,376
-	-	1,660	-	1,660
-	-	1,660	239,376	241,036
-	-	-	(169,364)	(169,364)
-	-	-	(169,364)	(169,364)
916,366	2,134,544	2,260	2,765,448	5,818,618

CEYLON HOSPITALS PLC

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Financial Statements for the Quarter ended 30th June 2021

Statement of Changes in Equity

For the period ended 30th June 2021

Group

Balance as at 31st March 2020

Net Profit for the Period

Other Comprehensive Income Deferred Tax Effect on Revaluation Gain Actuarial Gain/ (Loss) on Gratuity Valuation

Deferred Tax Charge on actuarial Loss on Gratuity Valuation Net Change in Fair Value on Equity Investments at FVOCI

Total Comprehensive Income for the Period

Transactions with Owners in their capacity as Owners Share of additional capital attributable to NCI Dividend Paid - Ordinary Shares

Balance as at 31st March 2021

Net Profit for the Period

Other Comprehensive Income

Net Change in Fair Value on Equity Investments at FVOCI

Total Comprehensive Income for the Period

Transactions with Owners in their capacity as Owners Non-ControllingInterest on Acquisition of Subsidiary Dividend Paid - Ordinary Shares

Balance as at 30th June 2021

Company

Balance as at 31st March 2020

Net Profit for the Period

Other Comprehensive Income Deferred Tax Effect on Revaluation Gain Actuarial Gain/ (Loss) on Gratuity Valuation Deferred Tax Effect on Gratuity Valuation

Net Change in Fair Value on Equity Investments at FVOCI

Total Comprehensive Income for the Period

Transactions with Owners in their capacity as Owners Dividend Paid - Ordinary Shares

Balance as at 31st March 2021

Net Profit/(Loss) for the period

Other Comprehensive Income

Net Change in Fair Value on Equity Investments at FVOCI

Total Comprehensive Income for the Period

Transactions with Owners in their capacity as Owners Dividend Paid - Ordinary Shares

Balance as at 30th June 2021

Stated	Revaluation	Fair Value	Accumulated	Total	Non-Controlling	Total
Capital	Reserve	Reserve	Profits		Interest
Rs. '000	Rs. '000	Rs. '000	Rs. '000	Rs. '000	Rs. '000	Rs. '000
916,366	2,483,785	65,922	2,439,753	5,905,826	587,760	6,493,586
-	-	-	560,349	560,349	39,910	600,259
-	207,877	-	-	207,877	752	208,629
-	-	-	32,865	32,865	370	33,235
-	-	-	(7,007)	(7,007)	(610)	(7,618)
-	-	2,514	-	2,514	554	3,068
-	207,877	2,514	586,206	796,597	40,975	837,572
-	-	-	-	-	1,750	1,750
-	-	-	(74,520)	(74,520)	(37,859)	(112,379)
-	-	-	(74,520)	(74,520)	(36,109)	(110,629)
916,366	2,691,662	68,436	2,951,439	6,627,903	592,626	7,220,530
-	-	-	193,691	193,691	36,049	229,740
-	-	56	-	56	-	56
-	-	56	193,691	193,747	36,049	229,796
-	-	-	-	-	126,444	126,444
-	-	-	(108,393)	(108,393)	(27,133)	(135,526)
-	-	-	(108,393)	(108,393)	99,311	(9,082)
916,366	2,691,662	68,492	3,036,737	6,713,258	727,986	7,441,244

Stated	Revaluation	Fair Value	Accumulated	Total
Capital	Reserve	Reserve	Profits
Rs. '000	Rs. '000	Rs. '000	Rs. '000	Rs. '000
916,366	1,931,063	-	1,588,064	4,435,493
-	-	-	446,118	446,118
-	203,481	-	-	203,481
-	-	-	31,090	31,090
-	-	-	(4,353)	(4,353)
-	-	128	-	128
-	203,481	128	472,855	676,464
-	-	-	(74,520)	(74,520)
-	-	-	(74,520)	(74,520)
916,366	2,134,544	128	1,986,400	5,037,438
-	-	-	224,217	224,217
-	-	56	-	56
-	-	56	224,217	224,273
-	-	-	(108,393)	(108,393)
-	-	-	(108,393)	(108,393)
916,366	2,134,544	184	2,102,224	5,153,318

Ceylon Hospitals PLC

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