Aitken Spence Hotel : Interim Financial Statements as at 30.09.2022

Aitken Spence Hotel Holdings PLC

Interim Financial Statement - 2nd Quarter

( For the Six months ended 30th September 2022 )

Aitken Spence Hotel Holdings PLC

Consolidated Income Statement

	Quarter ended	Six months ended
	30th September	30th September
	2022	2021	2022	2021
	Rs.' 000	Rs.' 000	Rs.' 000	Rs.' 000
Revenue	9,839,346	4,413,553	18,689,214	7,355,670
Revenue taxes	(242,687)	(140,361)	(435,436)	(229,897)
Net revenue	9,596,659	4,273,192	18,253,778	7,125,773
Other operating income	100,945	77,527	295,344	51,901
Staff costs	(1,977,587)	(959,132)	(3,855,492)	(1,885,751)
Depreciation	(990,437)	(636,239)	(1,950,182)	(1,268,220)
Amortisation and impairment	(379,417)	(211,711)	(744,875)	(422,702)
Other operating expenses - direct	(2,637,143)	(1,335,331)	(4,891,215)	(2,234,001)
Other operating expenses - indirect	(3,528,337)	(1,254,972)	(6,566,270)	(2,465,033)
Profit/(loss) from operations	184,683	(46,666)	541,088	(1,098,033)
Finance income	147,786	35,028	252,777	68,958
Finance expense	(1,399,588)	(588,204)	(2,535,888)	(1,133,128)
Net finance expense	(1,251,802)	(553,176)	(2,283,111)	(1,064,170)
Share of loss of equity accounted investees (net of tax)	(101,627)	(82,362)	(106,029)	(170,757)
Loss before tax	(1,168,746)	(682,204)	(1,848,052)	(2,332,960)
Income tax (expense)/refund	(316,349)	(113,622)	(512,602)	(162,746)
Loss for the period	(1,485,095)	(795,826)	(2,360,654)	(2,495,706)
Attributable to:
Equity holders of the parent company	(1,022,189)	(562,936)	(1,483,036)	(1,673,726)
Non -controlling interests	(462,906)	(232,890)	(877,618)	(821,980)
Loss for the period	(1,485,095)	(795,826)	(2,360,654)	(2,495,706)
Loss per share for the period - Rs.	(3.04)	(1.67)	(4.41)	(4.98)
(Basic / Diluted)

The above figures are provisional and subject to audit.

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Aitken Spence Hotel Holdings PLC

Company Income Statement

	Quarter ended	Six months ended
	30th September	30th September
	2022	2021	2022	2021
	Rs.' 000	Rs.' 000	Rs.' 000	Rs.' 000
Revenue	99,076	30,264	209,028	113,000
Revenue taxes	-	-	-	-
Net revenue	99,076	30,264	209,028	113,000
Other operating income	455,914	43,692	647,002	40,452
Staff costs	(48,348)	(34,723)	(98,530)	(67,822)
Depreciation	(14,552)	(13,902)	(31,949)	(28,288)
Amortisation and impairment	-	(401)	(179)	(837)
Other operating expenses - direct	(41,960)	(9,962)	(73,974)	(23,410)
Other operating expenses - indirect	(90,963)	(25,293)	(159,507)	(78,165)
Profit/(loss) from operations	359,167	(10,325)	491,891	(45,070)
Finance income	16,002	13,486	25,652	26,377
Finance expense	(84,974)	(18,074)	(121,542)	(34,513)
Net finance expense	(68,972)	(4,588)	(95,890)	(8,136)
Profit/(loss) before tax	290,195	(14,913)	396,001	(53,206)
Income tax (expense)/refund	769	(5,791)	2,598	(6,027)
Profit/(loss) for the period	290,964	(20,704)	398,599	(59,233)
Earnings/(loss) per share for the period - Rs.	0.87	(0.06)	1.19	(0.18)
(Basic / Diluted)

The above figures are provisional and subject to audit.

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Aitken Spence Hotel Holdings PLC

Consolidated Statement of Profit or Loss and Other Comprehensive Income

	Quarter ended	Six months ended
	30th September	30th September
	2022	2021	2022	2021
	Rs.' 000	Rs.' 000	Rs.' 000	Rs.' 000
Loss for the period	(1,485,095)	(795,826)	(2,360,654)	(2,495,706)
Other comprehensive income/(loss)
Items that will never be reclassified to profit or loss
Share of other comprehensive income of equity accounted investees	-	(90)	366	5,240
(net of tax)
Actuarial gains/(losses) on defined benefit obligations	-	-	-	-
Income tax on other comprehensive income	-	-	-	-
	-	(90)	366	5,240
Items that are or may be reclassified to profit or loss
Foreign currency translation differences of foreign operations	80,191	103,773	5,818,357	70,031
Net movement on cash flow hedging	697,157	153,141	(675,726)	53,334
	777,348	256,914	5,142,631	123,365
Other comprehensive income for the period (net of tax)	777,348	256,824	5,142,997	128,605
Total comprehensive income/(loss) for the period (net of tax)	(707,747)	(539,002)	2,782,343	(2,367,101)
Attributable to:
Equity holders of the parent company	(543,258)	(408,126)	1,800,959	(1,592,886)
Non -controlling interests	(164,489)	(130,876)	981,384	(774,215)
Total comprehensive income/(loss) for the period (net of tax)	(707,747)	(539,002)	2,782,343	(2,367,101)

The above figures are provisional and subject to audit.

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Aitken Spence Hotel Holdings PLC

Statement of Profit or Loss and Other Comprehensive Income - Company

	Quarter ended	Six months ended
	30th September	30th September
	2022	2021	2022	2021
	Rs.' 000	Rs.' 000	Rs.' 000	Rs.' 000
Profit/(loss) for the period	290,964	(20,704)	398,599	(59,233)
Other comprehensive income/(loss)
Items that will never be reclassified to profit or loss
Share of other comprehensive income of equity accounted investees	-	-	-	-
(net of tax)
Actuarial gains/(losses) on defined benefit obligations	-	-	-	-
Income tax on other comprehensive income	-	-	-	-
	-	-	-	-
Items that are or may be reclassified to profit or loss
Foreign currency translation differences of foreign operations	-	-	-	-
Net movement on cash flow hedging	-	-	-	-
	-	-	-	-
Other comprehensive income/(loss) for the period (net of tax)	-	-	-	-
Total comprehensive income/(loss) for the period (net of tax)	290,964	(20,704)	398,599	(59,233)

The above figures are provisional and subject to audit.

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