Renata : Financial Statements for the second quarter ended December 31, 2021

RENATA LIMITED

FINANCIAL STATEMENTS FOR THE PERIOD JULY TO DECEMBER 2021

RENATA LIMITED

Plot-1, Milk Vita Road, Section-7

Mirpur, Dhaka-1216

Dear Shareholders,

Subject: Financial Statements for the second quarter ended 31 December 2021

We are pleased to present the unaudited second quarter financial statements of Renata Limited containing the Statement of Financial Position as at 31 December 2021, the Statement of Profit or Loss and Other Comprehensive Income, the Statement of Cash Flows and the Statement of Changes in Equity for the second quarter ended 31 December 2021. The details of the published second quarter financial statements are available in the website of the Company. The address of the website is www.renata-ltd.com

Yours Sincerely

for RENATA LIMITED

Syed S. Kaiser Kabir

CEO and Managing Director

Renata Limited

Statement of Financial Position as at 31 December 2021

( Unaudited)

ASSETS	Notes	31 December 2021		30 June 2021
	Taka in 000's		Taka in 000's
Non-current assets
Property, plant and equipment (WDV)	1	13,192,503		13,217,220
Capital work-in-progress	2	6,893,779		3,803,866
Investment in subsidiaries	3	63,080		63,080
Total non-current assets		20,149,362		17,084,166
Current assets
Inventories	4	7,227,120		5,929,260
Trade and other receivables	5	4,674,564		3,958,646
Advances, deposits and prepayments	6	790,889		590,573
Investment in shares and FDR	7	5,014,476		5,463,937
Cash and cash equivalents	8	655,861		1,356,085
Total current assets		18,362,910		17,298,501
Total assets		38,512,272		34,382,667
EQUITY AND LIABILITIES
Shareholders' equity
Share capital	9	1,071,930		974,482
Revaluation surplus		153,115		153,361
Other reserves		(43,065)		(43,065)
Fair value reserve		30,589		24,775
Retained earnings		25,533,922		24,340,255
Total shareholders' equity		26,746,491		25,449,808
Non-current liabilities
Deferred tax liabilities	10	1,355,115		1,368,214
Total non-current liabilities		1,355,115		1,368,214
Current liabilities
Short term bank loan and overdrafts	11	5,646,626		4,801,510
Trade and other payables	12	4,764,040		2,763,135
Total current liabilities		10,410,666		7,564,645
Total equity and liabilities		38,512,272		34,382,667
Net asset value (NAV) per share	17	249.52	237.42
Number of shares used to compute NAV	Nos. in 000's	107,193	107,193

Dr. Sarwar Ali	Syed S. Kaiser Kabir	Nehal Ahmed	Md. Jubayer Alam	Khokan Chandra Das
Chairman	CEO and Managing Director	Independent Director	Company Secretary	Head of Finance

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Renata Limited

Statement of Profit or Loss and Other Comprehensive Income for the period from 01 July to 31 December 2021

(Unaudited)

	Notes	2021	2020	2021	2020
	(July-December)		(July-December)		(October-December)(October-December)
		Taka in 000's		Taka in 000's		Taka in 000's		Taka in 000's
Turnover and other income	13	15,123,243	14,191,389	7,528,504	7,019,028
Cost and expenses:
Cost of sales	14	7,869,177		7,150,454		3,909,942		3,415,442
Administrative, selling, marketing & distribution expenses		3,346,450		3,421,192		1,606,158		1,767,920
Finance costs		114,076		97,176		60,987		52,266
Total cost and expenses		11,329,703		10,668,822		5,577,087		5,235,628
Profit before contribution to workers' participation fund		3,793,540	3,522,567	1,951,417	1,783,400
Contribution to workers' participation fund		180,645		167,741		92,925		84,924
Profit before tax		3,612,895	3,354,826	1,858,492	1,698,476
Provision for income tax	16	909,161	937,399	516,963	519,080
Net profit after tax for the period		2,703,734		2,417,427		1,341,529		1,179,396
Other comprehensive income
Net profit after tax for the period		2,703,734	2,417,427	1,341,529	1,179,396
Items that will not be reclassified to profit or loss
Fair value adjustment on investment in shares, net of tax		5,814	22,716	(8,312)	6,402
Realised gain/ (loss) on disposal of shares		61	341	-	-
Total comprehensive income for the period		2,709,609		2,440,484		1,333,217		1,185,798
Basic earnings per share i.e. EPS (par value of Tk. 10)	18	25.22	22.55	12.52	11.00
Number of shares used to compute EPS	Nos. in 000's	107,193	107,193	107,193	107,193

Dr. Sarwar Ali	Syed S. Kaiser Kabir	Nehal Ahmed	Md. Jubayer Alam	Khokan Chandra Das
Chairman	CEO and Managing Director	Independent Director	Company Secretary	Head of Finance

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Renata Limited

Statement of Cash Flows for the period from 01 July to 31 December 2021

(Unaudited)

Notes	2021	2020
(July-December)	(July-December)
	Taka in 000's	Taka in 000's

1. Cash flows from operating activities:

	Collection from customers and other income		17,123,598		16,374,438
	Payment for cost and expenses		(14,995,499)		(13,446,721)
	Income tax paid	19	(527,947)		(710,738)
	Net cash generated from operating activities	1,600,152		2,216,979
B.	Cash flows from investing activities:
	Acquisition of fixed assets
		(3,618,170)		(1,420,231)
	Investment in shares and FDR		462,106		(1,050,512)
	Advance payment to subsidiaries		36,920		(14,560)
	Sale proceeds of property, plant and equipment		3,600		8,834
	Net cash used in investing activities		(3,115,544)		(2,476,469)

1. Cash flows from financing activities:

	Loans received/ (repaid) (net)	831,140		256,809
	Dividend paid	(18,939)		(1,141)
	Net cash used in financing activities	812,201		255,668
D.	Effect of exchange rate changes on cash and cash equivalents	2,967	(302)
E.	Net increase/ (decrease) in cash & cash equivalents (A+B+C+D)	(700,224)	(4,124)
F.	Opening cash and cash equivalents	1,356,085	1,372,996
G.	Closing cash and cash equivalents (E+F)
655,861		1,368,872

Net operating cash flow per share	20	14.93	20.68
Number of shares used to compute net operating cash
flow per share	Nos. in 000's	107,193	107,193

Dr. Sarwar Ali	Syed S. Kaiser Kabir	Nehal Ahmed	Md. Jubayer Alam	Khokan Chandra Das
Chairman	CEO and Managing Director	Independent Director	Company Secretary	Head of Finance

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Renata Limited and its subsidiaries

Consolidated Statement of Financial Position as at 31 December 2021

• Unaudited)

ASSETS	Notes	31 December 2021		30 June 2021
	Taka in 000's		Taka in 000's
Non-current assets
Property, plant and equipment (WDV)	1(a)	13,648,254		13,690,411
Capital work-in-progress	2(a)	6,979,411		3,889,100
Total non-current assets		20,627,665		17,579,511
Current assets
Inventories	4(a)	7,342,334		6,020,650
Trade & other receivables	5(a)	4,409,140		3,683,401
Advances, deposits and prepayments	6(a)	833,575		619,853
Investment in shares and FDR	7(a)	5,014,476		5,463,937
Cash and cash equivalents	8(a)	733,488		1,405,953
Total current assets		18,333,013		17,193,794
Total assets		38,960,678		34,773,305
EQUITY AND LIABILITIES
Equity attributable to equity holders of Renata Limited
Share capital	9	1,071,930		974,482
Revaluation surplus		153,115		153,361
Other reserves		(43,065)		(43,065)
Fair value reserve		30,589		24,775
Retained earnings		25,838,181		24,601,847
Total equity attributable to equity holders of Renata Limited		27,050,750		25,711,400
Non-controlling interests		56	53
Total equity		27,050,806		25,711,453
Non-current liabilities
Deferred tax liabilities	10(a)	1,356,727		1,369,275
Total non-current liabilities		1,356,727		1,369,275
Current liabilities
Short term bank loan and overdrafts	11(a)	5,646,626		4,801,510
Trade and other payables	12(a)	4,906,519		2,891,067
Total current liabilities		10,553,145		7,692,577
Total equity and liabilities		38,960,678		34,773,305

Net asset value (NAV) per share		17(a)	252.36	239.86
Number of shares used to compute NAV		Nos. in 000's	107,193	107,193
Dr. Sarwar Ali	Syed S. Kaiser Kabir	Nehal Ahmed	Md. Jubayer Alam	Khokan Chandra Das
Chairman	CEO and Managing Director	Independent Director	Company Secretary	Head of Finance

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