Renata : Financial Statements for the third quarter ended March 31, 2023

RENATA LIMITED

FINANCIAL STATEMENTS FOR THE PERIOD JULY 2022 TO MARCH 2023

RENATA LIMITED

Plot-1, Milk Vita Road, Section-7

Mirpur, Dhaka-1216

Dear Shareholders,

Subject: Financial statements for the third quarter ended 31 March 2023

We are pleased to present the unaudited third quarter financial statements of Renata Limited containing the Statement of Financial Position as at 31 March 2023, the Statement of Profit or Loss and Other Comprehensive Income, the Statement of Cash Flows and the Statement of Changes in Equity for the third quarter ended 31 March 2023. The details of the published third quarter financial statements are available in the website of the Company. The address of the website is www.renata-ltd.com

Yours Sincerely

for RENATA LIMITED

Syed S. Kaiser Kabir

CEO and Managing Director

Renata Limited

Statement of Financial Position as at 31 March 2023

(Unaudited)

ASSETS	Notes	31 March 2023	30 June 2022
	Taka in 000's	Taka in 000's
Non-current assets
Property, plant and equipment (WDV)	1	14,356,072	14,725,402
Capital work-in-progress	2	15,356,211	11,784,754
Investment in subsidiaries	3	190,010	9.720
Total non-current assets		29,902,293	26,510,166
Current assets
Inventories	4	11,384,048	8,485,601
Trade receivables		3,732,781	3,254,335
Other receivables		733,035	610,977
Advances, deposits and prepayments	5	1,436,438	841,243
Investment in shares and FDR	6	544,336	1,534,717
Cash and cash equivalents	7	852,698	778,537
Total current assets		18,683,336	15,505,410
Total assets		48,585,629	42,015,576
EQUITY AND LIABILITIES
Shareholders' equity
Share capital	8	1,146,965	1,071,930
Revaluation surplus		152,498	152,868
Other reserves		219,338	219,338
Fair value reserve		23,934	26,568
Retained earnings		29,058,739	27,941,599
Total shareholders' equity		30,601,474	29,412,303
Non-current liabilities
Long term loan- net of current portion		1,449,958	-
Deferred tax liabilities	9	1,368,493	1,405,429
Total non-current liabilities		2,818,451	1,405,429
Current liabilities
Short term bank loan and overdrafts	10	11,548,626	8,896,466
Long term loan- current portion		960,637	-
Trade payables		729,460	494,645
Other payables		1,894,439	1,782,837
Unclaimed dividend account		32,542	23,896
Total current liabilities		15,165,704	11,197,844
Total equity and liabilities		48,585,629	42,015,576
Net asset value (NAV) per share	15	266.80	256.44
Number of shares used to compute NAV	Nos. in 000's	114,696	114,696

Dr. Sarwar Ali	Syed S. Kaiser Kabir	Nehal Ahmed	Md. Jubayer Alam	Mustafa Alim Aolad
Chairman	CEO and Managing Director	Independent Director	Company Secretary	Chief Financial Officer

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Renata Limited

Statement of Profit or Loss and Other Comprehensive Income for the period from 01 July 2022 to 31 March 2023

(Unaudited)

	Notes	2022-2023	2021-2022	2023	2022
	(July-March)	(July-March)	(January-March)	(January-March)
		Taka in 000's	Taka in 000's	Taka in 000's	Taka in 000's
Turnover	11	24,392,795	22,431,301	8,445,967	7,389,531
Cost and expenses:
Cost of sales	12	13,059,788	11,735,137	4,539,707	3,865,960
Administrative, selling, marketing & distribution expenses		7,295,545	5,319,411	3,047,792	1,972,961
Total cost and expenses		20,355,333	17,054,548	7,587,499	5,838,921
Operating profit		4,037,462	5,376,753	858,468	1,550,610
Other income		195,090	215,918	151,886	134,445
Finance costs		839,125	194,293	271,482	80,217
Profit before contribution to workers' participation fund		3,393,427	5,398,378	738,872	1,604,838
Contribution to workers' participation fund		161,592	257,066	35,184	76,421
Profit before tax		3,231,835	5,141,312	703,688	1,528,417
Provision for income tax	14	539,435	1,086,635	110,089	177,473
Net profit after tax for the period		2,692,400	4,054,677	593,599	1,350,944
Other comprehensive income
Net profit after tax for the period		2,692,400	4,054,677	593,599	1,350,944
Items that will not be reclassified to profit or loss
Fair value adjustment on investment in shares, net of tax		(2,634)	4,569	-	(1,245)
Realised gain/ (loss) on disposal of shares		-	61	-	-
Total comprehensive income for the period		2,689,766	4,059,307	593,599	1,349,699
Basic earnings per share i.e. EPS (par value of Tk. 10)	16	23.47	35.35	5.18	11.78
Number of shares used to compute EPS	Nos. in 000's	114,696	114,696	114,696	114,696

Dr. Sarwar Ali	Syed S. Kaiser Kabir	Nehal Ahmed	Md. Jubayer Alam	Mustafa Alim Aolad
Chairman	CEO and Managing Director	Independent Director	Company Secretary	Chief Financial Officer

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Renata Limited

Statement of Cash Flows for the period from 01 July 2022 to 31 March 2023

(Unaudited)

Notes	2022-2023	2021-2022
(July-March)	(July-March)
	Taka in 000's	Taka in 000's

1. Cash flows from operating activities:

	Collection from customers and other income		28,359,355	25,800,296
	Payment for cost and expenses		(27,534,442)	(22,959,745)
	Income tax paid		(755,593)	(913,997)
	Net cash generated from operating activities	17	69,320	1,926,554
B.	Cash flows from investing activities:
	Acquisition of fixed assets		(4,203,008)	(6,516,369)
	Investment in shares and FDR		1,043,265	3,510,362
	Advance payment to subsidiaries		(4,144)	29,235
	Investment in subsidiaries		(190,000)	-
	Sale proceeds of property, plant and equipment		168,264	13,832
	Net cash used in investing activities		(3,185,623)	(2,962,940)

1. Cash flows from financing activities:

	Loans received/ (repaid) (net)	4,636,622	2,214,329
	Dividend paid	(1,492,056)	(1,427,949)
	Net cash used in financing activities	3,144,566	786,380
D.	Effect of exchange rate changes on cash and cash equivalents	45,898	4,257
E.	Net increase/ (decrease) in cash & cash equivalents (A+B+C+D)	74,161	(245,749)
F.	Opening cash and cash equivalents	778,537	1,356,085
G.	Closing cash and cash equivalents (E+F)	852,698	1,110,336

Net operating cash flow per share	18	0.60	16.80
Number of shares used to compute net operating cash
flow per share	Nos. in 000's	114,696	114,696

Dr. Sarwar Ali	Syed S. Kaiser Kabir	Nehal Ahmed	Md. Jubayer Alam	Mustafa Alim Aolad
Chairman	CEO and Managing Director	Independent Director	Company Secretary	Chief Financial Officer

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Renata Limited and its subsidiaries

Consolidated Statement of Financial Position as at 31 March 2023

(Unaudited)

ASSETS	Notes	31 March 2023	30 June 2022
	Taka in 000's	Taka in 000's
Non-current assets
Property, plant and equipment (WDV)	1(a)	14,356,072	14,725,402
Capital work-in-progress	2(a)	15,356,211	11,784,754
Total non-current assets		29,712,283	26,510,156
Current assets
Inventories	4	11,384,048	8,485,601
Trade receivables		3,732,781	3,254,335
Other receivables		728,682	610,807
Advances, deposits and prepayments	5(a)	1,436,606	841,243
Investment in shares and FDR	6	544,336	1,534,717
Cash and cash equivalents	7(a)	1,065,781	778,574
Total current assets		18,892,234	15,505,277
Total assets		48,604,517	42,015,433
EQUITY AND LIABILITIES
Equity attributable to equity holders of Renata Limited
Share capital	8	1,146,965	1,071,930
Revaluation surplus		152,498	152,868
Other reserves		219,338	219,338
Fair value reserve		23,934	26,568
Translation reserve		31,532	-
Retained earnings		29,043,339	27,941,463
Total equity		30,617,606	29,412,167
Non-current liabilities
Long term loan- net of current portion		1,449,958	-
Deferred tax liabilities	9(a)	1,368,493	1,405,429
Total non-current liabilities		2,818,451	1,405,429
Current liabilities
Short term bank loan and overdrafts	10	11,548,626	8,896,466
Long term loan- current portion		960,637	-
Trade payables		729,460	494,645
Other payables		1,897,195	1,782,830
Unclaimed dividend account		32,542	23,896
Total current liabilities		15,168,460	11,197,837
Total equity and liabilities		48,604,517	42,015,433
Net asset value (NAV) per share	15(a)	266.94	256.43
Number of shares used to compute NAV	Nos. in 000's	114,696	114,696

Dr. Sarwar Ali	Syed S. Kaiser Kabir	Nehal Ahmed	Md. Jubayer Alam	Mustafa Alim Aolad
Chairman	CEO and Managing Director	Independent Director	Company Secretary	Chief Financial Officer

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