HUNAS HOLDINGS PLC

Company Registration Number PQ 72

Interim Report - 2nd Quarter

Period Ended 30th September 2022

Hunas Holdings PLC and its subsidiaries

STATEMENT OF FINANCIAL POSITION

As at 30 September (Unaudited)

As at 31 March

(Unaudited)

2022

2022

2021

2022

2022

Rs. '000

Rs. '000

Rs. '000

Rs. '000

Rs. '000

ASSETS

Group

Company

Company

Group

Company

Non current assets

Property, plant and equipment

4,162,187

335,728

348,961

4,197,124

343,197

Right of use Assets

79,887

-

81,587

-

Bearer biological assets

1,423,316

-

1,418,758

-

Consumable biological assets

450,270

-

450,270

-

Investment property

2,815

-

3,037

-

Investment in subsidiary

-

3,829,411

-

3,829,411

Investment in associates

329,997

424,662

329,185

424,662

Amount due from related parties

115,946

115,994

115,946

115,946

115,946

Investment in fixed deposits

30,600

-

29,680

-

Investment In equity shares

90,759

-

90,759

-

Goodwill

293,579

-

293,579

-

6,979,355

4,705,795

464,908

7,009,925

4,713,217

Current assets

Inventories

99,895

3,063

2,267

102,873

5,177

Advances & Deposits

9,043

727

458

13,288

2,323

Trade and other receivables

45,190

1,943

41,036

15,795

3,399

Short term investment - Fixed deposits

16,879

-

13,500

-

Amount due from related parties

53,687

40,000

45,620

40,000

Tax recoverable

708

708

708

854

708

Cash and cash equivalents

9,921

4,108

3,298

19,518

6,256

235,323

50,549

47,768

211,447

57,863

Total assets

7,214,679

4,756,344

512,675

7,221,372

4,771,079

EQUITY AND LIABILITIES

Capital and reserves

Stated capital

4,336,573

4,336,573

82,500

4,336,573

4,336,573

Revaluation reserve

95,874

95,874

95,874

95,874

95,874

Retained earnings

(73,537)

46,112

98,445

66,607

76,002

Non controlling interest

141,672

-

150,515

-

Total equity

4,500,583

4,478,559

276,819

4,649,569

4,508,449

Non current liabilities

Deferred tax liability

38,384

36,969

36,969

36,996

36,969

Interest bearing loans and borrowings

1,023,386

115,946

115,946

1,025,077

115,946

Retentions

3,594

-

12,020

-

Retirement benefit obligations

54,551

6,399

6,243

52,203

6,642

1,119,914

159,315

159,158

1,126,295

159,557

Current liabilities

Trade and other payables

260,365

43,877

76,698

117,148

35,270

Amounts due to related parties

1,233,245

62,793

-

1,249,086

52,378

Contract liabilities

2,994

2,994

-

8,147

8,147

Bank overdraft

97,577

8,805

-

71,126

7,277

Interest bearing Loans and Borrowings

1,594,181

118,470

76,698

1,445,508

103,073

Total equity and liabilities

7,214,679

4,756,344

512,675

7,221,372

4,771,079

The Statement of Financial Position as at 30 June 2022 and The Statement of Profit or Loss & Other Comprehensive Income, Statement of Changes in Equity and Cash flow Statement for the quarter then ended are drawn up from the unaudited Financial Statements of the company and they provide the information required by the Colombo Stock Exchange.

Head of Finance

The Board of Directors is responsible for the preparation and presentation of these Financial Statements.

Signed for and on behalf of the Board by ;

Director

Director

17th November 2022

Colombo

Hunas Holdings PLC and its subsidiaries

STATEMENT OF PROFIT OR LOSS

Quarter ended 30 September

Year ended 31

(Unaudited)

March(Unaudited)

2022

2022

2021

2022

2022

Rs. '000

Rs. '000

Rs. '000

Rs. '000

Rs. '000

Group

Company

Company

Group

Company

Revenue

318,959

21,434

372

225,426

59,525

Cost of sale

(310,342)

(13,674)

(2,405)

(180,801)

(30,096)

Gross profit

8,617

7,761

(2,033)

44,625

29,430

Administrative expenses

(76,892)

(21,570)

(16,438)

(98,791)

(80,313)

Selling and distribution expenses

(2,026)

(1,010)

(167)

(4,284)

(3,109)

Other income

2,126

224

58

720

627

Share of loss from associates

(8,426)

-

-

(4,718)

-

Gain on bargain purchase

-

8,825

-

Loss from operating activities

(76,601)

(14,595)

(18,580)

(53,623)

(53,364)

Finance cost

(36,189)

(93)

(143)

(9,434)

(343)

Finance income

43

43

12

69

42

Loss before tax

(112,747)

(14,645)

(18,711)

(62,987)

(53,665)

Income tax expense

(1,007)

-

-

-

-

Loss for the Period

(113,754)

(14,645)

(12,510)

(62,987)

(53,665)

Other Comprehensive Income

Actuarial Gain/(Loss) on Defined Benefits

Obligation

Income Tax Effect

Total Other Comprehensive Income

Total Other Comprehensive Income

(113,754)

(14,645)

(12,510)

(62,987)

(53,665)

Loss attributable to:

Equity Holders of the owners of the parent

(105,710)

(63,060)

Non-Controlling Interest

(8,044)

73

(113,754)

(62,987)

Hunas Holdings PLC and its subsidiaries

STATEMENT OF CHANGES IN EQUITY

Quarter ended 30 September 2022

Revaluation

Retained

Non

Group

Stated capital

controlling

Total

reserve

earnings

interest

Rs. '000

Rs. '000

Rs. '000

Rs. '000

Rs. '000

Balance as at 01 July 2022

4,336,573

95,874

32,173

149,206

4,613,223

Loss for the period

-

-

(105,710)

(8,044)

(113,754)

Previous year adjustment

Balance as at 30 September 2022

4,336,573

95,874

(73,537)

141,162

4,499,470

Company

Stated capital

Revaluation

Retained

Total

reserve

earnings

Rs. '000

Rs. '000

Rs. '000

Rs. '000

Balance as at 01 July 2022

4,336,573

95,874

60,757

4,493,204

Profit for the period

-

-

(14,645)

(14,645)

Balance as at 30 September 2022

4,336,573

95,874

46,112

4,478,559

Hunas Holdings PLC and its subsidiaries

STATEMENT OF CASH FLOWS

Quarter ended 30 September 2022

Cash flows from / (used in) operating activities

Net loss before income tax expense

Adjustments for:

Depreciation of property, plant and equipment

Depreciation of right of use asset

Share of profit from associates

Negative goodwill

Finance cost

Provision for retirement benefit liability

Finance income

Operating profit/(loss) before working capital changes

Working capital changes (Increase)/decrease in inventories (Increase/decrease in Advances & Deposits (Increase/decrease in trade and other receivables (Increase)/decrease in amounts due from related parties Increase/(decrease) in amounts due to related parties Increase/(decrease) in contract liabilities Increase/(decrease) in trade and other payables Decrease in retention payable

Cash generated from/ (used in) operations

Gratuity paid

Tax paid

Finance cost paid

Net cash flows from/ (used in) operating activities

Cash flows from /(used in) investing activities

Purchase and construction of property, plant and equipment Cost incurred on bearer biological assets

Investments in fixed deposits Acquisition of subsidiaries Investment in Subsidiary Disposal of investment property proceeds from issu of shares Interest income received

Net cash flows from/(used in) investing activities

Net cash flows from / (used in) financing activities Proceeds from interest bearing loans and borrowings Proceeds from interest bearing loans and borrowings Net cash flows from / (used in) financing activities

Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the quarter Cash and cash equivalents at the end of the quarter

2022

2022

Rs. '000

Rs. '000

Group

Company

(112,747)

(14,645)

23,839

3,914

850

-

8,426

-

-

-

36,189

93

2,209

81

  1. (43)
    (41,278) (10,600)

59,815786

1,603861

(23,155) 1,382

2,217(48)

(37,668) 7,444

(1,689) (1,700)

68,240 2,416

(8,426)-

19,660541

  • (123)
  • -
    (36,189)(93)
    (16,528) 325

(10,597)

-

(4,303)

-

(1,278)

-

-

-

-

-

222

-

-

-

43

43

(15,913)

43

--

  1. -
  1. -

(32,118)368

(55,539) (5,066)

(87,656) (4,698)

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Hunas Falls Hotels plc published this content on 18 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2022 14:38:04 UTC.