Asiri Surgical Hospital : Interim Financial Statment for the period ended 30th June 2022

ASIRI SURGICAL HOSPITAL PLC

PROVISIONAL ACCOUNTS FOR THE PERIOD ENDED

30 JUNE 2022

Asiri Surgical Hospital PLC

STATEMENT OF PROFIT OR LOSS

	For the Three Months Period Ended 30 June
						Group							Company
				2022	2021		Variance	Variance		2022	2021		Variance	Variance
				Rs.		Rs.	Rs.	%			Rs.		Rs.	Rs.	%
				Un-audited		Un-audited					Un-audited		Un-audited
	Revenue			1,216,588,669	1,261,285,804		(44,697,135)	(3.	5 %)		1,092,068,797	1,174,172,867		(82,104,071)	(7.	0 %)
	Cost of Services			(783,469,098)		(761,695,824)		(21,773,274)	(2.	9 %)		(720,669,850)		(719,343,442)		(1,326,407)	(0.	2 %)
	Gross Profit			433,119,571	499,589,980		(66,470,408)	(13.	3 %)		371,398,947	454,829,425		(83,430,478)	(18.	3 %)
	Other Income			23,546,835	9,858,391		13,688,444	138. 9 %		47,962,652	19,829,341		28,133,311	141. 9 %
	Administrative Expenses			(262,183,775)	(215,021,877)		(47,161,898)	(21.	9 %)		(247,110,396)	(205,133,054)		(41,977,342)	(20.	5 %)
	Selling and Distribution Costs			(34,384,447)	(39,515,656)		5,131,208	13. 0 %		(28,123,931)	(34,297,385)		6,173,454	18. 0 %
	Finance Cost			(166,014,210)	(49,522,754)		(116,491,456)	(235.	2 %)		(168,668,835)	(45,592,891)		(123,075,944)	(269.	9 %)
	Finance Income			216,731,678		47,735,960		168,995,718	354. 0 %		215,425,128		46,843,705		168,581,423	359. 9 %
	Profit Before Tax			210,815,652	253,124,045		(42,308,393)	(16.	7 %)		190,883,566	236,479,142		(45,595,577)	(19.	3 %)
	Income Tax Expense			(47,638,941)	(41,563,202)		(6,075,738)	(14.	6 %)		(57,949,851)	(40,900,389)		(17,049,462)	(41.	7 %)
	Profit for the Period			163,176,711	211,560,843		(48,384,133)	(22.	9 %)		132,933,715	195,578,753		(62,645,038)	(32.	0 %)
	Attributable to:
	Equity holders of the parent			144,656,224	203,108,170
	Non-controlling interest			18,520,487	8,452,673
	Earnings Per Share - Basic			0.27	0.38						0.25	0.37
	Dividend Per Share			0.00	0.00						0.00	0.00

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Asiri Surgical Hospital PLC

STATEMENT OF COMPREHENSIVE INCOME

For the Three Months Period Ended 30 June

			Group			Company
			2022			2021		2022	2021
			Rs.	Rs.		Rs.		Rs.
			Un-audited	Un-audited		Un-audited		Un-audited
	Profit for the Period		163,176,711			211,560,843		132,933,715	195,578,753
	Other Comprehensive Income/(Loss)
	Other Comprehensive Income/(Loss) not to be reclassified to profit or loss
	in subsequent periods (net of tax) :
	Loss on valuation of Financial Assets - FVOCI		(116,197,476)			6,201,185		(116,197,476)	6,201,185
			(116,197,476)			6,201,185		(116,197,476)	6,201,185
	Net Other Comprehensive Income/(Loss) not to be reclassified to profit or
	loss in subsequent periods (net of tax)		(116,197,476)			6,201,185		(116,197,476)	6,201,185
	Other Comprehensive Income/(Loss) for the period, net of tax		(116,197,476)			6,201,185		(116,197,476)	6,201,185
	Total Comprehensive Income/(Loss) for the period, net of tax		46,979,235			217,762,028		16,736,239	201,779,938
	Attributable to:
	Equity holders of the parent		28,458,748			209,770,983
	Non-controlling interest		18,520,487			7,991,045

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Asiri Surgical Hospital PLC

STATEMENT OF FINANCIAL POSITION

		Group	Company				Group			Company
		As at	As at				As at	As at		As at		As at
		31-Mar-22	31-Mar-22				30-Jun-22	30-Jun-21		30-Jun-22		30-Jun-21
		Rs.	Rs.				Rs.	Rs.		Rs.		Rs.
		Audited	Audited				Un-audited	Un-audited		Un-audited		Un-audited
					ASSETS
					Non-current Assets
4,616,830,197	4,112,761,975		Property, Plant and	Equipment	4,619,402,847			3,982,361,294	4,130,605,660	3,486,926,738
22,524,524	22,524,524		Right-of-use Asset		22,450,431			22,746,806	22,450,430	22,746,806
-	258,300,000		Investment property		-			-	258,300,000	214,700,000
-	33,800,104		Investment in Subsidiary	-			-	33,800,105	33,800,105
2,090,928,818	2,090,928,818		Financial Assets - FVOCI	1,997,516,435			2,007,980,990	1,997,516,435	2,007,980,990
	25,982,000	25,982,000		Non Current Assets		25,982,000			25,982,000		25,982,000		25,982,000
6,756,265,539	6,544,297,421				6,665,351,713			6,039,071,090	6,468,654,630	5,792,136,639
					Current Assets
303,517,063	301,720,469		Inventories	360,079,739			189,705,829	357,241,104	185,904,363
814,435,857	809,023,181		Trade and Other Receivables	670,290,724			716,158,274	655,868,770	712,359,961
223,259,631	220,891,318		Other Current Assets	237,166,431			211,610,265	236,915,386	211,359,222
2,213,146,804	2,213,146,804		Loans Granted to Related Parties	2,910,488,594			1,409,414,004	2,910,488,594	1,409,414,004
	315,653,331	93,490,665		Cash and Cash Equivalents	224,699,311			299,752,764		173,697,185		160,797,911
	3,870,012,686	3,638,272,437				4,402,724,799			2,826,641,136		4,334,211,039		2,679,835,461
10,626,278,225	10,182,569,858		Total Assets	11,068,076,512			8,865,712,226	10,802,865,669	8,471,972,100
					EQUITY AND LIABILITIES
					Capital and Reserves
1,393,327,565	1,393,327,565		Stated Capital	1,393,327,565			1,393,327,565	1,393,327,565	1,393,327,565
1,784,253,033	1,740,880,907		Other Components of Equity	1,668,055,558			1,318,887,740	1,624,683,430	1,316,195,097
	1,968,625,832	1,954,296,481		Retained Earnings	2,113,282,056			2,091,435,119		2,087,230,196		2,047,654,837
	5,146,206,430	5,088,504,952		Share Holders' Fund	5,174,665,178			4,803,650,424		5,105,241,191		4,757,177,499
	134,118,156	-		Non-Controlling Interests	152,638,643			81,188,261		-		-
5,280,324,586	5,088,504,952		Total Equity	5,327,303,822			4,884,838,685	5,105,241,191	4,757,177,499
					Non-current Liabilities
5,720,650	5,720,650		Lease Liability	5,720,650			9,433,233	5,720,650	9,433,233
1,539,586,363	1,462,086,364		Interest Bearing Loans and Borrowings	1,408,838,729			1,955,067,152	1,346,338,729	1,832,567,152
147,442,314	145,001,634		Employee Benefit Liability	149,594,226			150,771,170	146,751,063	149,060,591
	405,516,966	393,752,281		Deferred Tax Liability	393,351,623			315,371,283		391,820,503		309,691,332
2,098,266,293	2,006,560,929				1,957,505,228			2,430,642,838	1,890,630,945	2,300,752,308
					Current Liabilities
755,380,866	656,298,136		Trade and Other Payables	803,806,763			784,943,916	681,763,053	709,602,461
481,853,921	481,853,921		Dividend Payable	6,181,632			4,632,368	6,181,632	4,632,368
3,712,584	3,712,584		Lease Liability	4,042,746			3,700,799	4,042,746	3,700,799
1,834,028,796	1,772,928,156		Interest Bearing Loans and Borrowings	2,201,519,133			696,365,286	2,347,288,914	635,267,286
116,952,138	116,952,138		Tax Payable	139,287,358			60,588,334	139,287,358	60,839,379
	55,759,041	55,759,041		Bank Overdraft	628,429,831			-		628,429,831		-
	3,247,687,346	3,087,503,976				3,783,267,462			1,550,230,703		3,806,993,533		1,414,042,293
	10,626,278,225	10,182,569,858		Total Equity and Liabilities	11,068,076,512			8,865,712,226		10,802,865,669		8,471,972,100
9.74	9.63		Net Assets Per Share	10.08			9.24	9.66	9.00
					Sgd
					Mr. Ajith Karunarathne
					Director Finance
					Sgd		Sgd
					Mr. Ashok Pathirage	Dr. Manjula Karunaratne
					Chairman / Managing Director	Director / Chief Executive Officer

12 August 2022

Colombo

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Asiri Surgical Hospital PLC

STATEMENT OF CHANGES IN EQUITY

For the Period Ended 30 June

Group
				Attributable to equity holders of parent					Non -
				FV Reserves of
												Controlling		Total Equity
		Stated		Financial Assets		Revaluation		Retained
									Interest
		Capital		at FVOCI		Reserves		Earnings		Total
		Rs.		Rs.		Rs.		Rs.		Rs.		Rs.		Rs.
Balance as at 01 April 2021	1,393,327,565	(172,842,703)	1,485,529,258	1,888,326,949	4,594,341,069		72,735,588	4,667,076,657
Profit for the Period	-	-	-	203,108,170	203,108,170		8,452,673	211,560,843
Other comprehensive Income				6,201,185		-		-		6,201,185			-		6,201,185
Total Comprehensive Income	-	6,201,185	-	203,108,170	209,309,355		8,452,673	217,762,028
Balance as at 30 June 2021		1,393,327,565		(166,641,518)		1,485,529,258		2,091,435,119		4,803,650,424			81,188,261		4,884,838,685
Balance as at 01 April 2022	1,393,327,565	(290,693,691)	2,074,946,724	1,968,625,832	5,146,206,430		134,118,156	5,280,324,586
Profit for the Period	-	-	-	144,656,224	144,656,224		18,520,487	163,176,712
Other comprehensive Income				(116,197,476)		-		-		(116,197,476)		-		(116,197,476)
Total Comprehensive Income	-	(116,197,476)	-	144,656,224	28,458,748		18,520,487	46,979,236
Interim Dividend Paid - Ordinary Shares	-	-	-	-	-		-	-
Balance as at 30 June 2022	1,393,327,565	(406,891,167)	2,074,946,724	2,113,282,056	5,174,665,178		152,638,643	5,327,303,822
								FV Reserves of
						Stated		Financial Assets		Revaluation		Retained		Total Equity
Company					Capital		at FVOCI		Reserves		Earnings
						Rs.		Rs.		Rs.		Rs.		Rs.
Balance as at 01 April 2021				1,393,327,565	(172,842,703)	1,482,836,615		1,852,076,084	4,555,397,561
Profit for the Period				-	-	-		195,578,753	195,578,753
Other comprehensive Income							6,201,185		-			-		6,201,185
Total Comprehensive Income				-	6,201,185	-		195,578,753	201,779,938
Interim Dividend Paid - Ordinary Shares
Balance as at 30 June 2021					1,393,327,565		(166,641,518)		1,482,836,615			2,047,654,837		4,757,177,499
Balance as at 01 April 2022				1,393,327,565	(290,693,691)	2,031,574,598		1,954,296,481	5,088,504,952
Profit for the Period				-	-	-		132,933,715	132,933,715
Other comprehensive Income							(116,197,476)		-			-		(116,197,476)
Total Comprehensive Income				-	(116,197,476)	-		132,933,715	16,736,239
Interim Dividend Paid - Ordinary Shares											-	-
Balance as at 30 June 2022				1,393,327,565	(406,891,167)	2,031,574,598		2,087,230,196	5,105,241,191

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