Interim Condensed Financial Statements
ASIAN HOTELS AND PROPERTIES PLC
CONSOLIDATED INCOME STATEMENT
For the quarter ended 31st December | For the period ended 31st December | ||||||
2021 | 2020 | % | 2021 | 2020 | % | ||
Rs'000 | Rs'000 | Change | Rs'000 | Rs'000 | Change | ||
Revenue from contracts with customers | 1,430,386 | 384,840 | 272 | 2,373,189 | 1,165,119 | 104 | |
Cost of Sales | (852,608) | (436,459) | 95 | (1,687,992) | (1,249,646) | 35 | |
Gross Profit / (Loss) | 577,778 | (51,619) | (1,219) | 685,197 | (84,527) | (911) | |
Other Operating Income | 1,007 | 3,410 | (70) | 63,054 | 21,838 | 189 | |
Distribution Expenses | (51,134) | (39,768) | 29 | (145,247) | (107,572) | 35 | |
Administrative Expenses | (392,878) | (431,238) | (9) | (1,054,459) | (1,213,155) | (13) | |
Other Operating Expenses | (118,725) | (81,627) | 45 | (282,241) | (216,146) | 31 | |
Results from Operating Activities | 16,048 | (600,842) | (103) | (733,696) | (1,599,562) | (54) | |
Finance Cost | (30,377) | (4,964) | 512 | (71,429) | (10,502) | 580 | |
Finance Income | 1,915 | 6,060 | (68) | 5,925 | 29,297 | (80) | |
Net Finance Income | (28,462) | 1,096 | (2,697) | (65,504) | 18,795 | (449) | |
Loss Before Tax | (12,414) | (599,746) | (98) | (799,200) | (1,580,767) | (49) | |
Tax Expense | (7,715) | 24,919 | (131) | (650) | 59,079 | (101) | |
Loss for the Period | (20,129) | (574,827) | (96) | (799,850) | (1,521,688) | (47) | |
Attributable to: | |||||||
Equity Holders of the Parent | (38,987) | (467,913) | (92) | (678,977) | (1,237,375) | (45) | |
Non-controlling Interests | 18,858 | (106,914) | (118) | (120,873) | (284,313) | (57) | |
(20,129) | (574,827) | (96) | (799,850) | (1,521,688) | (47) | ||
Loss Per Share (Rs.) | (0.09) | (1.06) | (1.53) | (2.79) | |||
Dividend per Share ( Rs.) | - | - | - | - |
Figures in brackets indicate deductions
The above figures are not audited.
Asian Hotels and Properties PLC
Interim Condensed Financial Statements
ASIAN HOTELS AND PROPERTIES PLC
COMPANY INCOME STATEMENT
For the quarter ended 31st December | For the period ended 31st December | ||||||
2021 | 2020 | % | 2021 | 2020 | % | ||
Rs'000 | Rs'000 | Change | Rs'000 | Rs'000 | Change | ||
Revenue from contracts with customers | 801,992 | 197,532 | 306 | 1,310,201 | 613,065 | 114 | |
Cost of Sales | (497,244) | (272,196) | 83 | (1,010,098) | (777,150) | 30 | |
Gross Profit / (Loss) | 304,748 | (74,664) | (508) | 300,103 | (164,085) | (283) | |
Other Operating Income | 643 | 2,781 | (77) | 61,008 | 18,850 | 224 | |
Distribution Expenses | (21,984) | (28,136) | (22) | (69,155) | (69,435) | (0) | |
Administrative Expenses | (239,825) | (237,296) | 1 | (662,645) | (688,062) | (4) | |
Other Operating Expenses | (64,481) | (46,501) | 39 | (151,334) | (122,971) | 23 | |
Results from Operating Activities | (20,899) | (383,816) | (95) | (522,023) | (1,025,703) | (49) | |
Finance Cost | (17,941) | (1,587) | 1030.498 | (40,216) | (1,587) | 2434.089 | |
Finance Income | 1,439 | 5,413 | (73) | 4,486 | 26,388 | (83) | |
Net Finance Income | (16,502) | 3,826 | (531) | (35,730) | 24,801 | (244) | |
Loss Before Tax | (37,401) | (379,990) | (90) | (557,753) | (1,000,902) | (44) | |
Tax Expense | (16,051) | (18,378) | (13) | (28,502) | (18,378) | 55 | |
Loss for the Period | (53,452) | (398,368) | (87) | (586,255) | (1,019,280) | (42) | |
Loss Per Share (Rs.) | (0.12) | (0.90) | (1.32) | (2.30) | |||
Dividend per Share ( Rs.) | - | - | - | - | |||
Figures in brackets indicate deductions
The above figures are not audited.
Asian Hotels and Properties PLC
Interim Condensed Financial Statements
ASIAN HOTELS AND PROPERTIES PLC
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
For the quarter ended 31st | For the period ended 31st | ||||
December | December | ||||
2020 | |||||
In Rs.'000s | 2021 | 2020 | 2021 | ||
Loss for the period | (20,129) | (574,827) | (799,850) | (1,521,688) | |
Other comprehensive income | |||||
Net other comprehensive income not to be reclassified to Income | |||||
Statement in subsequent periods | - | - | - | - | |
Total comprehensive income for the period, net of tax | (20,129) | (574,827) | (799,850) | (1,521,688) | |
Attributable to : | |||||
Equity holders of the parent | (38,986) | (474,969) | (678,977) | (1,237,375) | |
Non-controlling interests | 18,857 | (99,858) | (120,873) | (284,313) | |
(20,129) | (574,827) | (799,850) | (1,521,688) |
ASIAN HOTELS AND PROPERTIES PLC
COMPANY STATEMENT OF COMPREHENSIVE INCOME
For the quarter ended 31st | For the period ended 31st | ||||
December | December | ||||
In Rs.'000s | 2021 | 2020 | 2021 | 2020 | |
(1,019,280) | |||||
Loss for the period | (53,452) | (398,368) | (586,255) | ||
Other comprehensive income | |||||
Net other comprehensive income not to be reclassified to Income | |||||
Statement in subsequent periods | - | - | - | - | |
Total comprehensive income for the period, net of tax | (53,452) | (398,368) | (586,255) | (1,019,280) | |
Figures in brackets indicate deductions.
The above figures are not audited.
Asian Hotels and Properties PLC
Interim Condensed Financial Statements
ASIAN HOTELS AND PROPERTIES PLC
CONSOLIDATED STATEMENT OF FINANCIAL POSITION | ||
AHP/42/2019 | ||
Unaudited | Audited | |
As at | 31st December 2021 | 31st March 2021 |
Rs '000 | Rs '000 | |
ASSETS | ||
Non Current Assets | ||
Property, Plant and Equipment | 33,896,927 | 34,198,342 |
Right of use Asset | 722,533 | 731,836 |
Investment Property | 5,005,270 | 5,005,270 |
Intangible Assets | 1,146 | 1,680 |
Investment Property - Work in Progress | 432,189 | 113,015 |
Non Current Financial Assets | 21,649 | 27,722 |
Other Non Current Assets | 13,341 | 3,009 |
Total Non Current Assets | 40,093,055 | 40,080,874 |
Current Assets | ||
Inventories | 174,639 | 107,085 |
Trade and Other Receivables | 382,309 | 162,606 |
Amounts Due from Related Parties | 45,865 | 33,490 |
Other Current Assets | 146,038 | 135,957 |
Short Term Investments | - | 198,535 |
Cash in Hand and at Bank | 119,587 | 150,385 |
Total Current Assets | 868,438 | 788,058 |
Total Assets | 40,961,493 | 40,868,932 |
EQUITY & LIABILITIES | ||
Equity | ||
Stated Capital | 3,345,117 | 3,345,117 |
Revenue Reserves | 5,002,745 | 5,673,539 |
Other Components of Equity | 22,278,933 | 22,287,036 |
Equity attributable to owners of the company | 30,626,795 | 31,305,692 |
Non-controlling Interest | 3,186,728 | 3,307,203 |
Total Equity | 33,813,523 | 34,612,895 |
Non Current Liabilities | ||
Interest Bearing Borrowings | 404,293 | 59,436 |
Deferred Tax Liabilities | 3,698,617 | 3,736,792 |
Employee Benefit Liabilities | 359,360 | 378,361 |
Total Non Current Liabilities | 4,462,270 | 4,174,589 |
Current Liabilities | ||
Trade and Other Payables | 1,026,904 | 726,277 |
Amounts Due to Related Parties | 74,536 | 69,364 |
Income Tax Liabilities | 31,403 | 37,192 |
Interest Bearing Borrowings | 432,750 | 208,797 |
Other Current Liabilities | 220,924 | 267,982 |
Bank Overdrafts | 899,183 | 771,836 |
Total Current Liabilities | 2,685,700 | 2,081,448 |
Total Liabilities | 7,147,970 | 6,256,037 |
Total Equity and Liabilities | 40,961,493 | 40,868,932 |
Net Assets Per Share (Rs.) | 69.17 | 70.70 |
The above figures are not audited. |
I certify that the Financial Statements have been prepared in compliance with the requirements of the Companies Act No. 7 of 2007.
C.L.P. Gunawardane
Chief Financial Officer / Director
The Board of Directors is responsible for the preparation and presentation of these Financial Statements. Signed for and on behalf of the Board by ,
K.N.J. Balendra | J.G.A. Cooray |
Chairman | Director |
24th January 2022 |
Asian Hotels and Properties PLC
Interim Condensed Financial Statements
ASIAN HOTELS AND PROPERTIES PLC | ||
COMPANY STATEMENT OF FINANCIAL POSITION | ||
AHP/42/2019 | ||
Unaudited | Audited | |
As at | 31st December 2021 | 31st March 2021 |
Rs '000 | Rs '000 | |
ASSETS | ||
Non Current Assets | ||
Property, Plant and Equipment | 30,536,413 | 30,773,023 |
Investment Property | 2,239,764 | 2,239,764 |
Intangible Assets | 667 | 991 |
Investments in Subsidiary | 660,045 | 660,045 |
Investment Property - Work in Progress | 432,189 | 113,015 |
Non Current Financial Assets | 8,548 | 15,174 |
Other Non Current Assets | 11,785 | 985 |
Total Non Current Assets | 33,889,411 | 33,802,997 |
Current Assets | ||
Inventories | 116,715 | 70,550 |
Trade and Other Receivables | 208,121 | 98,979 |
Amounts Due from Related Parties | 33,647 | 20,463 |
Other Current Assets | 88,841 | 87,436 |
Short Term Investments | - | 198,535 |
Cash in Hand and at Bank | 101,488 | 79,582 |
Total Current Assets | 548,812 | 555,545 |
Total Assets | 34,438,223 | 34,358,542 |
EQUITY & LIABILITIES | ||
Equity attributable to Equity Holders of the Parent | ||
Stated Capital | 3,345,117 | 3,345,117 |
Revenue Reserves | 3,649,739 | 4,235,994 |
Other Components of Equity | 21,847,526 | 21,847,751 |
Total Equity | 28,842,382 | 29,428,862 |
Non Current Liabilities | ||
Interest Bearing Borrowings | 250,000 | 19,420 |
Deferred Tax Liabilities | 3,489,290 | 3,489,290 |
Employee Benefit Liabilities | 225,367 | 232,324 |
Total Non Current Liabilities | 3,964,657 | 3,741,034 |
Current Liabilities | ||
Trade and Other Payables | 637,356 | 415,749 |
Amounts Due to Related Parties | 51,485 | 56,372 |
Income Tax Liabilities | 8,057 | 6,507 |
Interest Bearing Borrowings | 432,750 | 31,286 |
Other Current Liabilities | 130,069 | 169,020 |
Bank Overdrafts | 371,467 | 509,712 |
Total Current Liabilities | 1,631,184 | 1,188,646 |
Total Liabilities | 5,595,841 | 4,929,680 |
Total Equity and Liabilities | 34,438,223 | 34,358,542 |
Net Assets Per Share (Rs.) | 65.14 | 66.46 |
The above figures are not audited. |
I certify that the Financial Statements have been prepared in compliance with the requirements of the Companies Act No. 7 of 2007.
C.L.P. Gunawardane
Chief Financial Officer / Director
The Board of Directors is responsible for the preparation and presentation of these Financial Statements. Signed for and on behalf of the Board by ,
K.N.J. Balendra | J.G.A. Cooray |
Chairman | Director |
24th January 2022 |
Asian Hotels and Properties PLC
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Asian Hotels and Properties plc published this content on 24 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 January 2022 10:33:04 UTC.