Hayleys Leisure : Interim Financial Statements as at 30-06-2022

HAYLEYS LEISURE PLC

Interim Financial Statements

For the Quarter Ended

30th June 2022

HAYLEYS LEISURE PLC

PROVISIONAL FINANCIAL STATEMENTS FOR THE QUARTER ENDED 30TH JUNE 2022

STATEMENT OF FINANCIAL POSITION AS AT

GROUP		COMPANY		GROUP		COMPANY
Audited		Audited
Year ended		Year ended		Un Audited		Un Audited		Un Audited		Un Audited
31.03.2022	31.03.2022		30.06.2022	30.06.2021	30.06.2022	30.06.2021
Rs' 000		Rs' 000		Rs' 000		Rs' 000		Rs' 000		Rs' 000
			ASSETS
			NON-CURRENT ASSETS
4,684,024	35,173	Property, Plant & Equipment	4,650,497	4,478,191	32,815	30,673
46,435	-	Right of Use Assets	43,906	26,671	-	-
-	1,269,541	Investments in Subsidiaries	-	-	1,269,541	1,360,953
-	-	Intangible Assets	-	137,864	-	-
265,877		265,877	Other Non-Current Financial Assets	265,877		450,002		265,877		450,002
4,996,336	1,570,591		4,960,280	5,092,728	1,568,233	1,841,628
			CURRENT ASSETS
72,876	-	Inventories	91,532	41,009	-	-
254,349	146,976	Trade and Other Receivables	205,646	84,829	170,546	61,109
82,839	12,741	Advance and Prepayment	117,722	73,915	18,944	13,502
1,135	1,135	Other Current Financial Assets	1,043	894	1,043	894
4,410	265	Tax Recoverable	4,231	7,227	265	2,017
1,727	1,727	Short Term Deposits	1,761	1,631	1,761	1,631
245,793	61,751	Cash & Cash Equivalents	245,343	158,588	59,501	48,763
663,129		224,595		667,278		368,094		252,060		127,917
5,659,465	1,795,186	TOTAL ASSETS	5,627,558	5,460,822	1,820,293	1,969,545
			EQUITY AND LIABILITIES
			CAPITAL AND RESERVES
909,371	909,371	Stated Capital	909,371	909,371	909,371	909,371
-	-	Fair value reserve of Financial assets at FVOCI	-	122,055	-	122,055
462,907	-	Revaluation Reserves	462,907	423,794	-	-
825,883	245,438	Retained Earnings	614,634	1,305,906	230,665	(107,533)
2,198,161		1,154,809		1,986,912		2,761,126		1,140,036		923,893
(52,790)	-	Non-Controlling Interest	(82,278)	8,546	-	-
2,145,371	1,154,809	Total Equity	1,904,634	2,769,672	1,140,036	923,893
			NON-CURRENT LIABILITIES
1,039,018	8,440	Interest Bearing Borrowings	1,025,621	944,107	3,571	10,101
209,323	-	Deferred Tax Liabilities	209,323	139,454	-	-
35,410	2,947	Retirement Benefit Obligations	37,087	38,912	3,419	3,853
1,283,751	11,387		1,272,031	1,122,473	6,990	13,954
			CURRENT LIABILITIES
1,736,859	307,096	Interest Bearing Borrowings	1,882,855	1,213,666	326,462	250,800
405,645	268,940	Trade and Other Payables	471,806	287,491	292,542	734,346
-	-	Income Tax Payable	38	417	-	-
87,839	52,954	Other Current Non-Financial Liabilities	96,194	67,103	54,263	46,552
2,230,343		628,990		2,450,893		1,568,677		673,267		1,031,698
5,659,465		1,795,186	TOTAL EQUITY AND LIABILITIES	5,627,558		5,460,822		1,820,293		1,969,545
			Net Assets Value per Share (Rs.)
20.36	10.69	18.40	25.57	10.56	8.56
These Financial Statements are in compliance with the requirements of the Companies Act No. 7 of 2007
0	0		(0)	(0)	0	0
Ravindra Dissanayake
Head of Finance

Approved and signed for and on behalf of the Board of Directors.

A.M. Pandithage	R. J Karunarajah
Chairman	Managing Director
04th August 2022
Colombo

HAYLEYS LEISURE PLC

PROVISIONAL FINANCIAL STATEMENTS FOR THE QUARTER ENDED 30TH JUNE 2022

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND COMPREHENSIVE INCOME

		Quarter ended
Audited		30th June
Year ended		Un Audited		Un Audited
31.03.2022		2022	2021	Change
Rs' 000		Rs '000		Rs '000	%
777,262	Revenue From Contract With Customers	302,537	79,359	>100
(479,522)	Cost of Sales	(152,661)	(63,600)	(>100)
297,740	GROSS PROFIT	149,876	15,759	>100
35,255	Other Income	4,989	14,811	(66)
(11,207)	Selling and Marketing Expenses	(5,137)	(3,537)	(45)
(944,511)	Administrative Expenses	(239,086)	(176,984)	(36)
(356,587)	Finance Cost	(204,287)	(27,857)	(>100)
86,593	Finance Income	53,125	4,281	>100
(892,717)	LOSS BEFORE TAX	(240,520)	(173,527)	(39)
(5,823)	Tax Expenses	(216)	(579)	63
(898,540)	LOSS FOR THE PERIOD	(240,736)	(174,106)	(38)
	OTHER COMPREHENSIVE INCOME/(EXPENSE)

111,559

(447)

(66,570)

105,664

150,206

(748,334)

(826,368)

(72,172)

(898,540)

(676,053)

(72,281)

(748,334)

Gain/(Loss) on Equity Instruments Designated at FV through OCI	-	50,074	(>100)
Actuarial Gain/(loss) on defined benefit plan	-	-
Deferred Tax impact on Acturial Gain/Loss	-	-
Effect of Revaluation of Land
Other Comprehensive Income/(Expense) for the period, Net of Tax	-	50,074	(>100)
Total Comprehensive Income/(Expense) for the period, Net of Tax	(240,736)	(124,032)	(94)
Loss for the Period Attributable to:
Equity holders of the Parent	(211,249)	(163,161)	(29)
Non-Controlling Interest	(29,487)	(10,945)	(>100)
	(240,736)	(174,106)	(38)
Total Comprehensive income/(expense) Attributable to:
Equity holders of the Parent	(211,249)	(113,087)	(87)
Non-Controlling Interest	(29,487)	(10,945)	(>100)
	(240,736)		(124,032)	(94)

(7.65)

Profit/(Loss) per Share (Rs.)

(1.96)

(1.51)

HAYLEYS LEISURE PLC

PROVISIONAL FINANCIAL STATEMENTS FOR THE QUARTER ENDED 30TH JUNE 2022

COMPANY STATEMENT OF PROFIT OR LOSS AND COMPREHENSIVE INCOME

		Quarter ended
Audited		30th June
Year ended		Un Audited	Un Audited
31.03.2022		2022			2021	Change
Rs' 000		Rs '000	Rs '000	%
125,099	Revenue From Contract With Customers	45,597			7,251	>100
-	Cost of Sales	-			-
125,099	GROSS PROFIT	45,597			7,251	>100
302,397	Other Income	120			8,755	(99)
(91,412)	Impairment of Investment in Subsidiary	-			-	-
(2,632)	Selling and Marketing Expenses	-			(2,711)	(>100)
(210,522)	Administrative Expenses	(63,252)			(47,840)	(32)
(22,404)	Finance Cost	(14,039)			(3,542)	(>100)
36,027	Finance Income	16,801			3,926	>100
136,553	LOSS BEFORE TAX	(14,773)			(34,161)	57
(1,327)	Tax Expenses	-			-	-
135,226	LOSS FOR THE PERIOD	(14,773)			(34,161)	57
	OTHER COMPREHENSIVE INCOME/(EXPENSE)
111,559	Gain/(Loss) on equity Instruments Designated at FV through OCI	-			50,074	>100
44	Actuarial Gain/(loss) on defined benefit plan	-			-
111,603	Other Comprehensive Income/(Expense) for the period, Net of Tax	-			50,074	>100
246,829	Total Comprehensive Expense for the period, Net of Tax	(14,773)			15,913	(>100)
1.25	Profit/(Loss) per Share (Rs.)	(0.14)			(0.32)

HAYLEYS LEISURE PLC

PROVISIONAL FINANCIAL STATEMENTS FOR THE QUARTER ENDED 30TH JUNE 2022

STATEMENT OF CHANGES IN EQUITY

CONSOLIDATED
	Stated		Fair value		Revaluation		Retained		Total		Non-Controlling		Total
	Capital		reserve of		Reserve		Earnings					Interest		Equity
			Financial assets
			at FVOCI
	Rs.'000		Rs.'000		Rs.'000		Rs.'000		Rs.'000		Rs.'000		Rs.'000
Balance as at 01 April 2021	909,371	71,981	423,794	1,469,067	2,874,213		25,491	2,899,704
Loss for the Period	-	-	-	(163,161)	(163,161)		(10,945)	(174,106)
Profit on fair value through OCI Financial Assets	-	50,074	-	-	50,074		-	50,074
Disposal of Subsidiary Company	-	-	-	-	-		(6,000)	(6,000)
Balance as at 30th June 2021	909,371		122,055		423,794		1,305,906		2,761,126			8,546		2,769,672
Balance as at 01 April 2022	909,371	-	462,907	825,883	2,198,161		(52,790)	2,145,371
Loss for the Period	-	-	-	(211,249)	(211,249)		(29,487)	(240,736)
Balance as at 30th June 2022	909,371	-	462,907	614,634	1,986,912		(82,278)	1,904,634
COMPANY
	Stated		Fair value		Revaluation		Retained		Total
	Capital		reserve of		Reserve		Earnings
			Financial assets
			at FVOCI
	Rs.'000		Rs.'000		Rs.'000		Rs.'000		Rs.'000
Balance as at 01 April 2021	909,371	71,981	-	(73,372)	907,980
Loss for the Period	-	-	-	(34,161)	(34,161)
Profit on fair value through OCI Financial Assets	-	50,074	-	-	50,074
Balance as at 30th June 2021	909,371		122,055		-		(107,533)		923,893
Balance as at 01 April 2022	909,371	-	-	245,438	1,154,809
Loss for the Period	-	-	-	(14,773)	(14,773)
Balance as at 30th June 2022	909,371		-		-		230,665		1,140,036