Hotel Sigiriya PLC
09 Months ended 31 December 2022
Contents | Page No. |
Financial Statements | |
Statement of Financial Position | 2 |
Statement of Profit or Loss | 3 |
Statement of Changes in Equity | 4 |
Statement of Cash Flows | 5 |
Notes to the Financial Statements | 6-7 |
Investor Information | 8-9 |
0.05 | |||
STATEMENT OF FINANCIAL POSITION | 0.94 | ||
As at | 31.12.2022 | 31.12.2021 | 31.03.2022 |
(Unaudited) | (Unaudited) | (Audited) | |
Rs. | Rs. | Rs. | |
ASSETS | |||
Non-current assets | |||
Property, plant and equipment | 630,120,175 | 369,570,249 | 633,622,615 |
Right-of-Use Assets | 49,344,802 | 53,634,448 | 52,562,036 |
Intangible assets | 1,780,213 | 4,543,819 | 2,592,917 |
Other financial assets | 1,872,297 | 1,736,604 | 1,872,297 |
683,117,487 | 429,485,120 | 690,649,865 | |
Current assets | |||
Inventories | 11,057,093 | 6,038,823 | 7,917,215 |
Trade and other receivables | 49,781,690 | 85,196,957 | 45,519,616 |
Taxation recoverable | - | 562,185 | - |
Other financial assets | - | 56,994,784 | 56,994,784 |
Cash and cash equivalents | 312,722,893 | 37,076,410 | 51,678,465 |
373,561,676 | 185,869,159 | 162,110,080 | |
Total Assets | 1,056,679,163 | 615,354,279 | 852,759,945 |
EQUITY AND LIABILITIES | |||
Equity | |||
Stated capital | 449,190,000 | 97,650,000 | 97,650,000 |
Other capital reserves | 379,010,961 | 215,607,411 | 379,010,961 |
Retained earnings | 6,071,282 | 50,671,665 | 52,665,481 |
Total equity | 834,272,243 | 363,929,076 | 529,326,443 |
Non-current liabilities | |||
Interest Bearing loans & borrowings | 20,381,798 | 14,936,772 | 20,211,027 |
Deferred tax liabilities | 50,149,108 | 32,817,144 | 50,149,108 |
Employee benefit obligations | 22,107,453 | 12,059,060 | 21,319,110 |
92,638,359 | 59,812,976 | 91,679,245 | |
Current liabilities | |||
Trade and other payables | 122,865,516 | 169,541,764 | 213,432,861 |
Income tax liability | 314,700 | - | 649,915 |
Interest bearing loans and borrowings | 2,640,726 | 17,265,248 | 5,140,716 |
Bank overdraft | 3,947,619 | 4,805,215 | 12,530,765 |
129,768,561 | 191,612,227 | 231,754,257 | |
Total Equity and Liabilities | 1,056,679,163 | 615,354,279 | 852,759,945 |
Net Assets Per Share (Rs.) | 47.46 | 62.11 | 90.34 |
These Financial Statements are in compliance with the requirements of the Companies Act No.07 of 2007.
Sgd.
Mrs. S.S Kotakadeniya
Chief Financial Officer - LOLC Group
The Board of Directors is responsible for these financial statements.
Signed for and on behalf of the board by,
Sgd. | Sgd. |
Director | Director |
Colombo
14 February 2022
2
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
03 Months | 03 Months | 09 Months | 09 Months | |||||||||
Ended | Ended | Variance | Ended | Ended | Variance | |||||||
31.12.2022 | 31.12.2021 | % | 31.12.2022 | 31.12.2021 | % | |||||||
Unaudited | Unaudited | Unaudited | Unaudited | |||||||||
Rs. | Rs. | Rs. | Rs. | |||||||||
Revenue | 59,473,480 | 11,801,647 | >100 | 164,611,181 | 40,115,442 | >100 | ||||||
Cost of sales | (19,826,974) | (3,515,096) | ->100 | (51,138,692) | (10,519,440) | ->100 | ||||||
Gross profit | 39,646,506 | 8,286,551 | >100 | 113,472,489 | 29,596,002 | >100 | ||||||
Other Operating Income | 53,000 | 17,198 | >100 | 873,000 | 207,144 | >100 | ||||||
Personnel Costs | (19,797,015) | (14,695,879) | (35) | (67,281,855) | (46,938,069) | (43) | ||||||
Depreciation and Amortization | (10,415,498) | (6,058,082) | (72) | (30,521,458) | (18,997,008) | (61) | ||||||
Other Operating Expenses | (23,037,880) | (11,367,743) | ->100 | (65,203,206) | (33,550,342) | 94 | ||||||
Operating Loss | (13,550,887) | (23,817,955) | 43 | (48,661,030) | (69,682,273) | 30 | ||||||
Net Finance Income / (Expense) | 16,200,754 | (1,080,367) | >100 | 2,066,831 | (560,991) | >100 | ||||||
Profit / (Loss) before tax | 2,649,867 | (24,898,322) | >100 | (46,594,199) | (70,243,264) | 34 | ||||||
Income Tax Expense | - | - | - | - | - | - | ||||||
Profit / (Loss) for the period | 2,649,867 | (24,898,322) | >100 | (46,594,199) | (70,243,264) | 34 | ||||||
Other Comprehensive Income | ||||||||||||
Other Comprehensive Income / (Expense) for the Period, Net of Tax | - | - | - | - | - | - | ||||||
Total Comprehensive Income / (Expense) for the Period, Net of Tax | 2,649,867 | (24,898,322) | >100 | (46,594,199) | (70,243,264) | 34 | ||||||
Loss per share (Rs.) | 0.15 | (1.40) | (4.76) | (7.18) | ||||||||
3
STATEMENT OF CHANGES IN EQUITY
Stated Capital | Revaluation Reserve | Fair Value | Retained Earnings | Total | |
Reserve | |||||
Rs. | Rs. | Rs. | Rs. | Rs. | |
Balance as at April 01, 2021 | 97,650,000 | 217,870,807 | (2,263,396) | 120,914,929 | 434,172,340 |
Net loss for the period | - | - | (70,243,264) | (70,243,264) | |
Other comprehensive income | - | - | - | - | - |
Total comprehensive income for the period | - | - | - | (70,243,264) | (70,243,264) |
Balance as at December 31, 2021 | 97,650,000 | 217,870,807 | (2,263,396) | 50,671,665 | 363,929,076 |
Balance as at April 1, 2022 | 97,650,000 | 381,138,664 | (2,127,703) | 52,665,481 | 529,326,442 |
Net loss for the period | - | - | - | (46,594,199) | (46,594,199) |
Other comprehensive income | - | - | - | - | - |
Total comprehensive income for the period | - | - | - | (46,594,199) | (46,594,199) |
Issue of Shares | 351,540,000 | - | - | - | 351,540,000 |
Balance as at Decmber 31, 2022 | 449,190,000 | 381,138,664 | (2,127,703) | 6,071,282 | 834,272,243 |
5
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Hotel Sigiriya plc published this content on 15 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2023 11:36:12 UTC.