HUNAS HOLDINGS PLC
Company Registration Number PQ 72
Interim Report - 4th Quarter
Period Ended 31st March 2022
Hunas Holdings PLC and its subsidiaries
STATEMENT OF FINANCIAL POSITION
As at 31 March (Unaudited) | As at 31 March | ||
(Audited) | |||
2022 | 2022 | 2021 | |
Rs. | Rs. | Rs. | |
ASSETS | Group | Company | Company |
Non current assets | |||
Property, plant and equipment | 4,197,123,533 | 343,197,112 | 357,306,864 |
Right of use Assets | 81,587,115 | - | - |
Bearer biological assets | 1,418,758,177 | - | - |
Consumable biological assets | 450,270,000 | - | - |
Investment property | 3,036,622 | - | - |
Investment in subsidiary | - | 3,829,411,000 | |
Investment in associates | 329,184,982 | 424,662,000 | |
Amount due from related parties | 115,946,448 | 115,946,448 | 115,946,448 |
Investment in fixed deposits | 29,680,369 | - | - |
Investment In equity shares | 90,759,000 | - | - |
Goodwill | 293,578,546 | - | - |
7,009,924,793 | 4,713,216,560 | 473,253,312 | |
Current assets | |||
Inventories | 102,872,973 | 5,177,248 | 3,036,933 |
Advances & Deposits | 13,288,039 | 2,323,118 | 1,442,063 |
Trade and other receivables | 15,795,373 | 3,398,578 | 1,439,006 |
Short term investment - Fixed deposits | 13,500,000 | - | |
Amount due from related parties | 45,619,512 | 40,000,000 | 40,000,000 |
Tax recoverable | 853,649 | 708,075 | 708,075 |
Cash and cash equivalents | 19,517,771 | 6,255,827 | 3,371,960 |
211,447,317 | 57,862,845 | 49,998,037 | |
Total assets | 7,221,372,109 | 4,771,079,405 | 523,251,349 |
EQUITY AND LIABILITIES | |||
Capital and reserves | |||
Stated capital | 4,336,573,000 | 4,336,573,000 | 82,500,000 |
Revaluation reserve | 95,874,248 | 95,874,248 | 95,874,248 |
Retained earnings | 66,606,771 | 76,001,617 | 129,666,843 |
Non controlling interest | 150,514,860 | - | - |
Total equity | |||
4,649,568,880 | 4,508,448,865 | 308,041,091 | |
Non current liabilities | |||
Deferred tax liability | 36,995,721 | 36,969,401 | 36,969,401 |
Interest bearing loans and borrowings | 1,025,076,979 | 115,946,448 | 129,879,409 |
Retentions | 12,019,858 | - | |
Retirement benefit obligations | 52,202,825 | 6,641,564 | 7,484,258 |
1,126,295,383 | 159,557,414 | 174,333,068 | |
Current liabilities | |||
Trade and other payables | 117,148,465 | 35,269,975 | 11,409,968 |
Amounts due to related parties | 1,249,085,783 | 52,378,302 | 25,450,279 |
Contract liabilities | 8,147,487 | 8,147,487 | 4,016,943 |
Bank overdraft | 71,126,112 | 7,277,363 | |
1,445,507,847 | 103,073,126 | 40,877,190 | |
Total equity and liabilities | 7,221,372,109 | 4,771,079,405 | 523,251,349 |
The Statement of Financial Position as at 31 March 2022 and The Statement of Profit or Loss & Other Comprehensive Income, Statement of Changes in Equity and Cash flow Statement for the quarter then ended are drawn up from the unaudited Financial Statements of the company and they provide the information required by the Colombo Stock Exchange.
Head of Finance
The Board of Directors is responsible for the preparation and presentation of these Financial Statements.
Signed for and on behalf of the Board by ;
Director | Director |
01st September 2022
Colombo
- BS -
Hunas Holdings PLC and its subsidiaries
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
Quarter ended 31 March (Unaudited) | Year ended 31 | Year ended 31 | ||||
March(Unaudited) | March(Audited) | |||||
2022 | 2022 | 2021 | 2022 | 2022 | 2021 | |
Rs. | Rs. | Rs. | Rs. | Rs. | Rs. | |
Group | Company | Company | Group | Company | Company | |
Revenue | 192,175,083 | 26,274,389 | 13,975,695 | 225,426,083 | 59,525,389 | 24,704,695 |
Cost of sale | (162,094,349) | (11,388,752) | (5,946,378) | (180,801,349) | (30,095,752) | (15,909,026) |
Gross profit | 30,080,734 | 14,885,637 | 8,029,317 | 44,624,734 | 29,429,637 | 8,795,669 |
Administrative expenses | (43,544,771) | (25,066,769) | (19,134,169) | (98,790,771) | (80,312,769) | (62,030,521) |
Selling and distribution expenses | (2,952,900) | (1,777,678) | (1,045,132) | (4,283,900) | (3,108,678) | (2,948,132) |
Other income | 420,098 | 327,343 | 62,348 | 720,098 | 627,343 | 159,348 |
Share of loss from associates | (4,718,018) | (4,718,018) | - | - | ||
Excess on transfer | 8,824,680 | 8,824,680 | ||||
Loss from operating activities | (11,890,177) | (11,631,466) | (12,087,636) | (53,623,177) | (53,364,466) | (56,023,636) |
Finance cost | (9,125,596) | (35,240) | (98,027) | (9,433,596) | (343,240) | (625,027) |
Finance income | 58,499 | 31,481 | 118,982 | 69,499 | 42,481 | 150,982 |
Loss before tax | (20,957,274) | (11,635,226) | (12,066,681) | (62,987,274) | (53,665,226) | (56,497,681) |
Income tax expense | - | 6,996,629 | - | - | 6,996,629 | |
Loss for the year | (20,957,274) | (11,635,226) | (5,070,052) | (62,987,274) | (53,665,226) | (49,501,052) |
Other Comprehensive Income |
Actuarial Gain/(Loss) on Defined Benefits Obligation
Income Tax Effect
Total Other Comprehensive Income Total Other Comprehensive Income
Loss attributable to:
Equity Holders of the owners of the parent Non-Controlling Interest
162,497 | 162,497 | ||||
(22,750) | (22,750) | ||||
139,747 | 139,747 | ||||
(20,957,274) | (11,495,479) | (5,070,052) | (62,987,274) | (53,665,226) | (49,361,305) |
(21,030,072) | (63,060,072) | ||||
72,798 | 72,798 | ||||
(20,957,274) | (62,987,274) |
- PL -
Hunas Holdings PLC and its subsidiaries
STATEMENT OF CHANGES IN EQUITY
Year ended 31 March 2022
Revaluation | Retained | Non | ||||
Stated capital | controlling | Total | ||||
reserve | earnings | |||||
Group | interest | |||||
Rs. | Rs. | Rs. | Rs. | |||
Balance as at 01 April 2021 | 82,500,000 | 95,874,248 | 129,666,843 | - | 308,041,091 | |
Share Capital top up by Investment | 4,254,073,000 | 4,254,073,000 | ||||
Transfer of subsidiaries | - | - | - | 150,442,062 | 150,442,062 | |
Loss for the period | - | - | (63,060,072) | 72,798 | (62,987,274) | |
Balance as at 31 March 2022 | ||||||
4,336,573,000 | 95,874,248 | 66,606,771 | 150,514,860 | 4,649,568,880 | ||
Stated capital | Revaluation | Retained | Total | |||
Company | reserve | earnings | ||||
Rs. | Rs. | Rs. | ||||
Balance as at 01 April 2021 | 82,500,000 | 95,874,248 | 129,666,843 | 308,041,091 | ||
Share Capital top up by Investment | 4,254,073,000 | - | - | 4,254,073,000 | ||
Loss for the period | - | - | (53,665,226) | (53,665,226) | ||
Balance as at 31 March 2022 | 4,336,573,000 | 95,874,248 | 76,001,617 | 4,508,448,865 |
- ES -
Hunas Holdings PLC and its subsidiaries
STATEMENT OF CASH FLOWS
Year ended 31 March 2022
2022 | 2022 | |
Rs. | Rs. | |
Cash flows from / (used in) operating activities | Group | Company |
Net loss before income tax expense
Adjustments for:
Depreciation of property, plant and equipment Share of loss from associates
Excess on transfer Finance cost
Provision for retirement benefit liability Finance income
Operating profit before working capital changes
Working capital changes (Increase)/decrease in inventories (Increase/decrease in Advances & Deposits (Increase/decrease in trade and other receivables (Increase)/decrease in amounts due from related parties Increase/(decrease) in amounts due to related parties Increase/(decrease) in contract liabilities Increase/(decrease) in trade and other payables
Cash generated from operations
Gratuity paid
Tax paid
Finance cost paid
Net cash flows from operating activities
Cash flows from /(used in) investing activities
Purchase and construction of property, plant and equipment Cost incurred on bearer biological assets
Withdrawals from fixed deposits Transfer of subsidiaries Interest income received
Net cash flows from/(used in) investing activities
Net cash flows from / (used in) financing activities Proceeds from interest bearing loans and borrowings Repayment of interest bearing loans and borrowings Net cash flows from / (used in) financing activities
Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year
(62,987,274) (53,665,226)
21,138,717 16,414,455
4,718,018-
(8,824,680)-
9,936,787343,240
1,981,660 1,322,107
(39,275)(42,481)
(34,076,049) (35,627,905)
15,170,158 (2,140,315)
1,402,449 (511,277)
(10,072,494) (2,329,350)
(5,011,004)-
26,933,900 26,928,022
1,608,888 4,130,546
21,925,112 23,860,007
17,880,961 14,309,728
(2,164,800) (2,164,800)
70,819-
(9,936,787) (343,240)
5,850,194 11,801,688
(28,279,976) (2,304,704)
(151,647)-
387,600-
(41,255,590)-
39,27542,481
(69,260,338) (2,262,223)
23,330,687-
(967,884)-
22,362,804-
(41,047,341) 9,539,465
(10,561,000) (10,561,000)
(51,608,341) (1,021,536)
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Hunas Falls Hotels plc published this content on 05 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 September 2022 09:39:01 UTC.