LAUGFS GAS PLC
CONSOLIDATED STATEMENT OF PROFIT OR LOSS
For the Quarter ended 31 December 2021
Quarter ended 31 December | Nine Months ended 31 December | Year ended 31 | ||||||||||
March | ||||||||||||
Unaudited | Unaudited | Audited | ||||||||||
2021 | 2020 | Change | 2021 | 2020 | Change | 2021 | ||||||
Rs.'000 | Rs.'000 | % | Rs.'000 | Rs.'000 | % | Rs.'000 | ||||||
Revenue | 7,907,695 | 10,541,439 | (25) | 28,680,988 | 25,149,168 | 14 | 35,533,768 | |||||
Cost of Sales | (7,800,830) | (9,301,119) | (16) | (28,607,247) | (21,206,483) | 35 | (31,799,186) | |||||
Gross Profit | 106,865 | 1,240,321 | (91) | 73,742 | 3,942,685 | (98) | 3,734,582 | |||||
Other Operating Income | 117,395 | 246,035 | (52) | 413,954 | 524,670 | (21) | 703,048 | |||||
Selling and Distribution Expenses | (453,460) | (510,333) | (11) | (1,300,458) | (1,711,148) | (24) | (2,209,579) | |||||
Administrative Expenses | (266,800) | (248,826) | 7 | (759,493) | (753,857) | 1 | (1,065,445) | |||||
Foreign Currency Exchange Gain/(Loss) | (17,886) | 13,932 | (228) | (46,434) | 49,687 | (193) | 33,371 | |||||
Operating Profit | (513,886) | 741,129 | (169) | (1,618,690) | 2,052,037 | (179) | 1,195,977 | |||||
Finance Cost | (584,791) | (573,502) | 2 | (1,595,857) | (1,841,150) | (13) | (2,234,921) | |||||
Fair Value Gain on Investment Properties | - | - | - | - | - | - | 117,444 | |||||
Finance Income | 756 | 6,223 | 88 | 3,156 | 72,914 | (96) | 6,773 | |||||
Profit /(Loss) Before Tax | (1,097,921) | 173,850 | (732) | (3,211,391) | 283,801 | (1,232) | (914,726) | |||||
Income Tax Expense | 119,279 | (19,791) | 703 | 380,216 | 12,871 | 2,854 | 256,440 | |||||
Profit/(Loss) for the Period | (735) | |||||||||||
(978,642) | 154,059 | (2,831,174) | 296,672 | (1,054) | (658,286) | |||||||
Attributable to: | ||||||||||||
Equity Holders of the Parent | (980,694) | 151,508 | (747) | (2,837,177) | 285,700 | (1,093) | (685,533) | |||||
Non-Controlling Interests | 2,052 | 2,551 | (20) | 6,003 | 10,973 | (45) | 27,246 | |||||
(735) | ||||||||||||
(978,642) | 154,059 | (2,831,174) | 296,672 | (1,054) | (658,286) | |||||||
Earnings Per Share : | ||||||||||||
(2.53) | 0.39 | (747) | (7.33) | 0.74 | (1,093) | (1.77) | ||||||
Basic/Diluted (Rs.) | ||||||||||||
attributable to Ordinary Equity Holders of the Parent |
Note : Change % column represents the percentage change in current period's results compared to previous period
The above figures are subject to audit.
Figures in brackets indicates deductions.
The accounting policies and notes on pages 12 to 16 form an integral part of these financial statements.
1
LAUGFS GAS PLC
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
For the Quarter ended 31 December 2021
Quarter ended 31 December | Nine Months ended 31 December | Year ended 31 | ||||||||||
March | ||||||||||||
Unaudited | Unaudited | Audited | ||||||||||
2021 | 2020 | Change | 2021 | 2020 | Change | 2021 | ||||||
Rs.'000 | Rs.'000 | % | Rs.'000 | Rs.'000 | % | Rs.'000 | ||||||
Profit/(Loss) for the Period | (978,642) | 154,059 | (735) | (2,831,174) | 296,672 | (1,054) | (658,286) | |||||
Other Comprehensive Income | ||||||||||||
Other Comprehensive Income to be Reclassified to Profit or | ||||||||||||
Loss in Subsequent Periods (Net of Tax) : | ||||||||||||
Exchange Differences in Translation of Foreign Operations | 22,856 | 179,271 | (87) | 6,547 | (24,114) | 127 | 315,071 | |||||
Net Other Comprehensive Income to be Reclassified to Profit | (87) | 127 | ||||||||||
22,856 | 179,271 | 6,547 | (24,114) | 315,071 | ||||||||
or Loss in Subsequent Periods | ||||||||||||
Other Comprehensive Income not to be Reclassified to Profit or | ||||||||||||
Loss in Subsequent Periods (Net of Tax) : | ||||||||||||
Gains/(Losses) on Financial Assets at FVTOCI | 19 | 92,721 | (100) | (1,341) | 59,373 | (102) | 76,239 | |||||
Actuarial Gains/(Losses) on Defined Benefit Plans | - | - | - | - | - | - | (21,697) | |||||
Income Tax Effect | - | - | - | - | - | - | 46,158 | |||||
Net Other Comprehensive Income not to be Reclassified to | (100) | (102) | ||||||||||
19 | 92,721 | (1,341) | 59,373 | 100,700 | ||||||||
Profit or Loss in Subsequent Periods | ||||||||||||
Other Comprehensive Income for the Period Net of Tax | (92) | (85) | ||||||||||
22,876 | 271,992 | 5,205 | 35,259 | 415,772 | ||||||||
Total Comprehensive Income for the Period Net of Tax | (324) | (951) | ||||||||||
(955,767) | 426,051 | (2,825,969) | 331,931 | (242,515) | ||||||||
Attributable to: | ||||||||||||
Equity Holders of the Parent | (957,818) | 423,500 | (326) | (2,831,972) | 320,958 | (982) | (269,754) | |||||
Non-Controlling Interests | 2,052 | 2,551 | (20) | 6,003 | 10,973 | (45) | 27,240 | |||||
(324) | (951) | |||||||||||
(955,767) | 426,051 | (2,825,969) | 331,931 | (242,515) | ||||||||
The accounting policies and notes on pages 12 to 16 form an integral part of these financial statements.
2
LAUGFS GAS PLC | 0.07 | (0.01) | 0.00 | ||
CONSOLIDATED STATEMENT OF FINANCIAL POSITION | |||||
As at 31 December 2021 | |||||
Unaudited | Unaudited | Audited | |||
As at | As at | As at | |||
31.12.2021 | 31.12.2020 | 31.03.2021 | |||
ASSETS | Rs.'000 | Rs.'000 | Rs.'000 | ||
Non-Current Assets | |||||
Property, Plant and Equipment | 25,956,867 | 26,134,296 | 27,110,241 | ||
Right-of-use assets | 914,259 | 533,841 | 983,770 | ||
Investment Properties | 2,877,707 | 2,759,607 | 2,877,707 | ||
Intangible Assets | 2,863,153 | 2,799,182 | 2,888,471 | ||
Non-Current Financial Assets | 21,050 | 119,159 | 10,458 | ||
Deferred Tax Assets | 111,404 | - | - | ||
32,744,440 | 32,346,085 | 33,870,646 | |||
Current Assets | |||||
Inventories | 1,913,796 | 3,620,304 | 2,956,237 | ||
Trade and Other Receivables | 3,422,627 | 6,001,107 | 4,482,353 | ||
Prepayments | 79,393 | 131,552 | 95,652 | ||
Income Tax Recoverable | 184,530 | 197,689 | 188,766 | ||
Other Current Financial Assets | 61,028 | 43,878 | 140,357 | ||
Cash and Short-Term Deposits | 515,383 | 497,257 | 312,137 | ||
6,176,757 | 10,491,787 | 8,175,502 | |||
Total Assets | 38,921,197 | 42,837,872 | 42,046,148 | ||
EQUITY AND LIABILITIES | |||||
Capital and Reserves | |||||
Stated Capital | 1,000,000 | 1,000,000 | 1,000,000 | ||
Fair value Reserve of financial assets at FVTOCI | (23,153) | (34,964) | (22,730) | ||
Foreign Currency Translation Reserve | 1,483,686 | 1,137,953 | 1,477,139 | ||
Revaluation Reserve | 711,968 | 778,268 | 804,479 | ||
Accumulated Losses | (5,937,534) | (2,223,607) | (3,191,949) | ||
Equity attributable to Equity Holders of the Parent | (2,765,033) | 657,651 | 66,939 | ||
Non-Controlling Interests | 484,702 | 462,432 | 478,699 | ||
Total Equity | (2,280,332) | 1,120,083 | 545,637 | ||
Non-Current Liabilities | |||||
Interest Bearing Loans and Borrowings | 14,839,964 | 13,522,526 | 14,614,054 | ||
Employee Benefit Liability | 191,229 | 153,525 | 172,868 | ||
Refundable Deposits | 2,422,363 | 2,732,669 | 2,682,570 | ||
Deferred Tax Liability | - | 505,177 | 205,710 | ||
17,453,556 | 16,913,897 | 17,675,202 | |||
Current Liabilities | |||||
Trade and Other Payables | 3,883,494 | 8,407,929 | 6,018,163 | ||
Interest Bearing Loans and Borrowings | 19,227,359 | 15,601,892 | 16,947,556 | ||
Refundable Deposits | 245,478 | 280,399 | 274,888 | ||
Income Tax Payable | 391,643 | 513,672 | 584,702 | ||
23,747,973 | 24,803,892 | 23,825,309 | |||
Total Equity and Liabilities | 38,921,197 | 42,837,872 | 42,046,148 | ||
Net Assets Per Share (Rs.) | (7.14) | 1.70 | 0.17 | ||
Note: The above figures are subject to audit. |
I certify that these financial statements are in compliance with the requirements of the Companies Act No :07 of 2007.
(Sgd).
Channa Gunasekera Director - Group 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:
(Sgd). | (Sgd). |
W. K. H. Wegapitiya (Sgd) | U. K. Thilak De Silva (Sgd) |
Director | Director |
14th February 2022 | |
Colombo | |
The accounting policies and notes on pages 12 to 16 form an integral part of these financial statements. |
3
LAUGFS GAS PLC
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
For the Nine Months ended 31 December 2021
Attributable to Equity Holders of the Parent
Stated Capital | Accumulated Losses | Fair value Reserve | Revaluation | Foreign | Total | Non-Controlling | Total Equity | ||||||||
of financial assets at | Reserve | Currency | Interests | ||||||||||||
FVTOCI | Translation | ||||||||||||||
Reserve | |||||||||||||||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | ||||||||
Balance as at 01 April 2021 | 1,000,000 | (3,191,949) | (22,730) | 804,479 | 1,477,139 | 66,939 | 478,699 | 545,637 | |||||||
Profit/(Loss) for the period | - | (2,837,177) | - | - | - | (2,837,177) | 6,003 | (2,831,174) | |||||||
Other Comprehensive Income for the period | - | - | (1,341) | - | 6,547 | 5,205 | - | 5,205 | |||||||
Total Comprehensive Income for the period | - | (2,837,177) | (1,341) | - | 6,547 | (2,831,972) | 6,003 | (2,825,969) | |||||||
Transfer of depreciation on revaluation of property, plant & equipment | - | 92,511 | - | (92,511) | - | - | - | - | |||||||
- | - | ||||||||||||||
Disposal of financial assets at FVTOCI | - | (918) | 918 | - | - | - | - | - | |||||||
- | |||||||||||||||
Balance as at 31 December 2021 | 1,000,000 | (5,937,534) | (23,153) | 711,968 | 1,483,686 | (2,765,033) | 484,702 | (2,280,332) | |||||||
Balance as at 01 April 2020 | 1,000,000 | (2,335,606) | (353,245) | 863,476 | 1,162,068 | 336,693 | 451,459 | 788,152 | |||||||
Profit/(Loss) for the period | - | 285,700 | - | - | - | 285,700 | 10,973 | 296,672 | |||||||
Other Comprehensive Income for the period | - | - | 59,373 | - | (24,114) | 35,259 | - | 35,259 | |||||||
Total Comprehensive Income for the period | - | 285,700 | 59,373 | - | (24,114) | 320,958 | 10,973 | 331,931 | |||||||
Transfer of depreciation on revaluation of property, plant & equipment | - | 85,207 | - | (85,207) | - | - | - | - | |||||||
Disposal of Financial Asset as at FVTOCI | - | (258,908) | 258,908 | - | - | - | - | - | |||||||
Balance as at 31 December 2020 | 1,000,000 | (2,223,607) | (34,964) | 778,268 | 1,137,953 | 657,651 | 462,432 | 1,120,083 |
Note : The above figures are subject to audit.
Figures in brackets indicates deductions.
The accounting policies and notes on pages 12 to 16 form an integral part of these financial statements.
4
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LAUGFS Gas plc published this content on 14 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 February 2022 13:32:05 UTC.