Resus Energy PLC
Interim Report
03rd Quarter 2022-2023
RESUS ENERGY PLC
Interim Report 03rd Quarter 2022-2023
Provisional Financial Statements
STATEMENT OF FINANCIAL POSITION - GROUP
31.12.2022 | Audited | ||
31.03.2022 | |||
ASSETS | Rs. | Rs. | |
Non-current assets | |||
Property, plant and equipment | 4,218,008,709 | 4,250,444,706 | |
Right of use asset | 33,947,341 | 36,949,994 | |
Intangible assets | 181,139,888 | 181,139,888 | |
Deferred tax assets | 94,263,707 | 94,263,705 | |
Current assets | 4,527,359,645 | 4,562,798,293 | |
Inventories | 17,418,564 | 15,458,368 | |
Trade and other receivables | 1,046,414,844 | 577,767,762 | |
Income tax recoverable | 1,891,520 | 1,891,520 | |
Cash and cash equivalents | 82,275,203 | 195,430,281 | |
Total Assets | 1,148,000,131 | 790,547,931 | |
5,675,359,776 | 5,353,346,224 | ||
EQUITY AND LIABILITIES | |||
Equity | |||
Stated capital | 967,483,260 | 773,891,366 | |
Other components of equity | 6,949,461 | 6,949,461 | |
Retained earnings | 915,067,022 | 928,104,578 | |
Equity attributable to equity holders of the parent | 1,889,499,743 | 1,708,945,405 | |
Non-controlling interest | - | - | |
Total Equity | 1,889,499,743 | 1,708,945,405 | |
Non-current liabilities | |||
Interest bearing loans and borrowings | 2,658,236,420 | 2,623,681,680 | |
Lease liability | 34,774,461 | 31,829,231 | |
Retirement benefit obligations | 27,570,483 | 25,617,321 | |
Deferred tax liabilities | 53,140,836 | 53,140,837 | |
2,773,722,200 | 2,734,269,069 | ||
Current liabilities | |||
Trade and other payables | 31,218,891 | 250,892,617 | |
Lease liability | 8,022,842 | 8,022,841 | |
Income tax liabilities | 3,522,772 | 3,522,772 | |
Interest bearing loans and borrowings | 569,680,686 | 466,762,346 | |
Bank overdrafts | 399,692,642 | 180,931,173 | |
Total Equity and Liabilities | 1,012,137,833 | 910,131,750 | |
5,675,359,776 | 5,353,346,224 | ||
Net assets per share | 21.92 | 21.62 |
The above figures are provisional and subject to audit.
These Financial Statements are in compliance with the requirements of the Companies Act No. 07 of 2007.
……………………………
R M S Tillakawardana 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,
…………………………………… | ………………………………. |
G.A.K. Nanayakkara | D C Abeywardena |
Managing Director | Director |
01st February 2023 |
RESUS ENERGY PLC
Interim Report 03rd Quarter 2022-2023
Provisional Financial Statements
STATEMENT OF FINANCIAL POSITION - COMPANY
31.12.2022 | Audited | ||
31.03.2022 | |||
ASSETS | Rs. | Rs. | |
Non-current assets | |||
Property, plant and equipment | 1,132,301,761 | 1,160,595,892 | |
Right of use asset | 8,705,676 | 10,657,152 | |
Intangible assets | 125,407,510 | 125,407,510 | |
Investments in subsidiaries | 736,644,125 | 736,644,125 | |
Current assets | 2,003,059,072 | 2,033,304,679 | |
Inventories | 11,501,881 | 10,955,870 | |
Trade and other receivables | 862,354,702 | 512,384,176 | |
Income tax recoverable | 790,026 | 790,027 | |
Cash and cash equivalents | 69,088,812 | 190,695,163 | |
Total Assets | 943,735,421 | 714,825,236 | |
2,946,794,493 | 2,748,129,915 | ||
EQUITY AND LIABILITIES | |||
Equity | |||
Stated capital | 967,483,260 | 773,891,366 | |
Other components of equity | 5,194,210 | 5,194,210 | |
Retained earnings | 253,252,561 | 399,308,708 | |
Equity attributable to equity holders of the parent | 1,225,930,031 | 1,178,394,284 | |
Non-controlling interest | - | - | |
Total Equity | 1,225,930,031 | 1,178,394,284 | |
Non-current liabilities | |||
Interest bearing loans and borrowings | 936,153,069 | 1,010,683,570 | |
Lease liability | 4,562,696 | 3,790,822 | |
Retirement benefit obligations | 27,047,916 | 25,103,523 | |
Deferred tax liabilities | 17,984,057 | 17,984,057 | |
985,747,738 | 1,057,561,972 | ||
Current liabilities | |||
Trade and other payables | 161,099,879 | 159,595,598 | |
Lease liability | 4,242,827 | 4,332,571 | |
Interest bearing loans and borrowings | 259,141,004 | 253,187,698 | |
Bank overdrafts | 310,633,014 | 95,057,792 | |
Total Equity and Liabilities | 735,116,724 | 512,173,659 | |
2,946,794,493 | 2,748,129,915 | ||
Net assets per share | 14.22 | 14.91 |
The above figures are provisional and subject to audit.
These Financial Statements are in compliance with the requirements of the Companies Act No. 07 of 2007.
……………………………
R M S Tillakawardana 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,
…………………………………… | ………………………………. |
G.A.K. Nanayakkara | D C Abeywardena |
Managing Director | Director |
01st February 2023 |
RESUS ENERGY PLC
Interim Report 03rd Quarter 2022-2023
Provisional Financial Statements
STATEMENT OF PROFIT OR LOSS - GROUP
Three Months Ended 31st December | 09 Months ended 31st December | ||||||||
2022 | 2021 | Change % | 2022 | 2021 | Change % | ||||
Rs. | Rs. | Rs. | Rs. | ||||||
Revenue from contracts with customers | 289,878,827 | 297,204,759 | (2) | 780,799,198 | 730,565,967 | 7 | |||
Direct costs | (47,695,834) | (40,775,375) | (17) | (136,434,746) | (112,737,132) | (21) | |||
Gross profit | 242,182,992 | 256,429,384 | (6) | 644,364,452 | 617,828,835 | 4 | |||
Other operating income | 934,798 | - | 100 | 15,214,422 | 339 | 4,487,930 | |||
Administrative expenses | (48,995) | (20,740,957) | 100 | (47,663,783) | (56,337,625) | 15 | |||
Results from operating activities | 243,068,795 | 235,688,427 | 3 | 611,915,091 | 561,491,549 | 9 | |||
Finance income | 188,162 | 91,105 | 107 | 646,557 | 179,001 | 261 | |||
Finance cost | (156,811,340) | (50,546,021) | (210) | (388,540,450) | (137,159,585) | (183) | |||
Profit/(loss) before tax | 86,445,617 | 185,233,511 | (53) | 224,021,198 | 424,510,965 | (47) | |||
Tax expense | - | - | - | (6,831,234) | (100) | ||||
Profit/(loss) for the period | 86,445,617 | 185,233,511 | (53) | 224,021,198 | 417,679,731 | (46) | |||
Attributable to: | |||||||||
Equity holders of the parent | 86,445,617 | 185,233,511 | (53) | 224,021,198 | 417,679,731 | (46) | |||
Non-controlling interest | - | - | - | - | - | - | |||
86,445,617 | 185,233,511 | (53) | 224,021,198 | 417,679,731 | (46) | ||||
Earnings/(loss) per share - basic/diluted | 1.00 | 2.34 | 2.60 | 5.29 | |||||
Dividend per share | - | - | - | - | |||||
STATEMENT OF COMPREHENSIVE INCOME - GROUP | Three Months Ended 31st December | 09 Months ended 31st December | |||||||
2022 | 2021 | Change % | 2022 | 2021 | Change % | ||||
Rs. | Rs. | Rs. | Rs. | ||||||
Profit/(loss) for the period | 86,445,617 | 185,233,511 | (53) | 224,021,198 | 417,679,731 | (46) | |||
Other comprehensive income not to be reclassified | |||||||||
to profit or loss in subsequent periods | |||||||||
Remeasurement gain/(loss) on Defined Benefit Plans | - | - | - | - | - | - | |||
Deferred tax effect on Actuarial gain/loss | - | - | - | - | - | - | |||
Other comprensive income for the period. Net of tax | - | - | - | - | - | - | |||
Total comprehensive income for the period, net of tax | 86,445,617 | 185,233,511 | (53) | 224,021,198 | 417,679,731 | (46) | |||
Attributable to: | |||||||||
Equity holders of the parent | 86,445,617 | 185,233,511 | (53) | 224,021,198 | 417,679,731 | (46) | |||
Non-controlling interest | - | - | - | - | - | - | |||
86,445,617 | 185,233,511 | (53) | 224,021,198 | 417,679,731 | (46) |
Figures in brackets indicate deductions.
The above figures are provisional and subject to audit.
RESUS ENERGY PLC
Interim Report 03rd Quarter 2022-2023
Provisional Financial Statements
STATEMENT OF PROFIT OR LOSS - COMPANY
Three Months Ended 31st December | 09 Months ended 31st December | ||||||||
2022 | 2021 | Change % | 2022 | 2021 | Change % | ||||
Rs. | Rs. | Rs. | Rs. | ||||||
Revenue from contracts with customers | 123,342,953 | 153,397,560 | (20) | 368,727,253 | 325,013,478 | 13 | |||
Direct costs | (25,976,025) | (23,860,582) | (9) | (71,928,490) | (60,527,873) | (19) | |||
Gross profit | 97,366,928 | 129,536,978 | (25) | 296,798,763 | 264,485,605 | 12 | |||
Other operating income | 934,798 | - | 100 | 15,214,422 | (66,114) | (23,112) | |||
Administrative expenses | 3,717,854 | (16,820,400) | 122 | (38,413,230) | (46,943,350) | 18 | |||
Results from operating activities | 102,019,580 | 112,716,578 | (9) | 273,599,955 | 217,476,141 | 26 | |||
Finance income | 187,637 | 85,037 | 121 | 644,485 | 281,728 | 129 | |||
Finance cost | (62,723,333) | (24,499,820) | (156) | (183,241,833) | (60,042,057) | (205) | |||
Profit/(loss) before tax | 39,483,884 | 88,301,795 | (55) | 91,002,607 | 157,715,812 | (42) | |||
Tax expense | - | - | - | - | |||||
Profit/(loss) for the period | 39,483,884 | 88,301,795 | (55) | 91,002,607 | 157,715,812 | (42) | |||
Attributable to: | |||||||||
Equity holders of the parent | 39,483,884 | 88,301,795 | (55) | 91,002,607 | 157,715,812 | (42) | |||
Non-controlling interest | - | - | - | - | - | - | |||
39,483,884 | 88,301,795 | (55) | 91,002,607 | 157,715,812 | (42) | ||||
Earnings/(loss) per share - basic/diluted | 0.46 | 0.85 | 1.06 | 2.00 | |||||
Dividend per share | - | - | - | - | |||||
STATEMENT OF COMPREHENSIVE INCOME - COMPANY | Three Months Ended 31st December | 09 Months ended 31st December | |||||||
2022 | 2021 | Change % | 2022 | 2021 | Change % | ||||
Rs. | Rs. | Rs. | Rs. | ||||||
Profit/(loss) for the period | 39,483,884 | 88,301,795 | (55) | 91,002,607 | 157,715,812 | (42) | |||
Other comprehensive income not to be reclassified | |||||||||
to profit or loss in subsequent periods | |||||||||
Remeasurement gain/(loss) on Defined Benefit Plans | - | - | - | - | - | ||||
Deferred tax effect on Actuarial gain/loss | - | - | - | - | - | ||||
Other comprensive income for the period. Net of tax | - | - | - | - | - | - | |||
Total comprehensive income for the period, net of tax | 39,483,884 | 88,301,795 | (55) | 91,002,607 | 157,715,812 | (42) | |||
Attributable to: | |||||||||
Equity holders of the parent | 39,483,884 | 88,301,795 | (55) | 91,002,607 | 157,715,812 | (42) | |||
Non-controlling interest | - | - | - | - | - | - | |||
39,483,884 | 88,301,795 | (55) | 91,002,607 | 157,715,812 | (42) |
Figures in brackets indicate deductions.
The above figures are provisional and subject to audit.
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Resus Energy plc published this content on 02 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 February 2023 10:29:07 UTC.