Resus Energy PLC

Interim Report

03rd Quarter 2022-2023

RESUS ENERGY PLC

Interim Report 03rd Quarter 2022-2023

Provisional Financial Statements

STATEMENT OF FINANCIAL POSITION - GROUP

31.12.2022

Audited

31.03.2022

ASSETS

Rs.

Rs.

Non-current assets

Property, plant and equipment

4,218,008,709

4,250,444,706

Right of use asset

33,947,341

36,949,994

Intangible assets

181,139,888

181,139,888

Deferred tax assets

94,263,707

94,263,705

Current assets

4,527,359,645

4,562,798,293

Inventories

17,418,564

15,458,368

Trade and other receivables

1,046,414,844

577,767,762

Income tax recoverable

1,891,520

1,891,520

Cash and cash equivalents

82,275,203

195,430,281

Total Assets

1,148,000,131

790,547,931

5,675,359,776

5,353,346,224

EQUITY AND LIABILITIES

Equity

Stated capital

967,483,260

773,891,366

Other components of equity

6,949,461

6,949,461

Retained earnings

915,067,022

928,104,578

Equity attributable to equity holders of the parent

1,889,499,743

1,708,945,405

Non-controlling interest

-

-

Total Equity

1,889,499,743

1,708,945,405

Non-current liabilities

Interest bearing loans and borrowings

2,658,236,420

2,623,681,680

Lease liability

34,774,461

31,829,231

Retirement benefit obligations

27,570,483

25,617,321

Deferred tax liabilities

53,140,836

53,140,837

2,773,722,200

2,734,269,069

Current liabilities

Trade and other payables

31,218,891

250,892,617

Lease liability

8,022,842

8,022,841

Income tax liabilities

3,522,772

3,522,772

Interest bearing loans and borrowings

569,680,686

466,762,346

Bank overdrafts

399,692,642

180,931,173

Total Equity and Liabilities

1,012,137,833

910,131,750

5,675,359,776

5,353,346,224

Net assets per share

21.92

21.62

The above figures are provisional and subject to audit.

These Financial Statements are in compliance with the requirements of the Companies Act No. 07 of 2007.

……………………………

R M S Tillakawardana Chief Financial Officer

The Board of Directors is responsible for the preparation and presentation of these Financial Statements. Signed for and on behalf of the Board by,

……………………………………

……………………………….

G.A.K. Nanayakkara

D C Abeywardena

Managing Director

Director

01st February 2023

RESUS ENERGY PLC

Interim Report 03rd Quarter 2022-2023

Provisional Financial Statements

STATEMENT OF FINANCIAL POSITION - COMPANY

31.12.2022

Audited

31.03.2022

ASSETS

Rs.

Rs.

Non-current assets

Property, plant and equipment

1,132,301,761

1,160,595,892

Right of use asset

8,705,676

10,657,152

Intangible assets

125,407,510

125,407,510

Investments in subsidiaries

736,644,125

736,644,125

Current assets

2,003,059,072

2,033,304,679

Inventories

11,501,881

10,955,870

Trade and other receivables

862,354,702

512,384,176

Income tax recoverable

790,026

790,027

Cash and cash equivalents

69,088,812

190,695,163

Total Assets

943,735,421

714,825,236

2,946,794,493

2,748,129,915

EQUITY AND LIABILITIES

Equity

Stated capital

967,483,260

773,891,366

Other components of equity

5,194,210

5,194,210

Retained earnings

253,252,561

399,308,708

Equity attributable to equity holders of the parent

1,225,930,031

1,178,394,284

Non-controlling interest

-

-

Total Equity

1,225,930,031

1,178,394,284

Non-current liabilities

Interest bearing loans and borrowings

936,153,069

1,010,683,570

Lease liability

4,562,696

3,790,822

Retirement benefit obligations

27,047,916

25,103,523

Deferred tax liabilities

17,984,057

17,984,057

985,747,738

1,057,561,972

Current liabilities

Trade and other payables

161,099,879

159,595,598

Lease liability

4,242,827

4,332,571

Interest bearing loans and borrowings

259,141,004

253,187,698

Bank overdrafts

310,633,014

95,057,792

Total Equity and Liabilities

735,116,724

512,173,659

2,946,794,493

2,748,129,915

Net assets per share

14.22

14.91

The above figures are provisional and subject to audit.

These Financial Statements are in compliance with the requirements of the Companies Act No. 07 of 2007.

……………………………

R M S Tillakawardana Chief Financial Officer

The Board of Directors is responsible for the preparation and presentation of these Financial Statements. Signed for and on behalf of the Board by,

……………………………………

……………………………….

G.A.K. Nanayakkara

D C Abeywardena

Managing Director

Director

01st February 2023

RESUS ENERGY PLC

Interim Report 03rd Quarter 2022-2023

Provisional Financial Statements

STATEMENT OF PROFIT OR LOSS - GROUP

Three Months Ended 31st December

09 Months ended 31st December

2022

2021

Change %

2022

2021

Change %

Rs.

Rs.

Rs.

Rs.

Revenue from contracts with customers

289,878,827

297,204,759

(2)

780,799,198

730,565,967

7

Direct costs

(47,695,834)

(40,775,375)

(17)

(136,434,746)

(112,737,132)

(21)

Gross profit

242,182,992

256,429,384

(6)

644,364,452

617,828,835

4

Other operating income

934,798

-

100

15,214,422

339

4,487,930

Administrative expenses

(48,995)

(20,740,957)

100

(47,663,783)

(56,337,625)

15

Results from operating activities

243,068,795

235,688,427

3

611,915,091

561,491,549

9

Finance income

188,162

91,105

107

646,557

179,001

261

Finance cost

(156,811,340)

(50,546,021)

(210)

(388,540,450)

(137,159,585)

(183)

Profit/(loss) before tax

86,445,617

185,233,511

(53)

224,021,198

424,510,965

(47)

Tax expense

-

-

-

(6,831,234)

(100)

Profit/(loss) for the period

86,445,617

185,233,511

(53)

224,021,198

417,679,731

(46)

Attributable to:

Equity holders of the parent

86,445,617

185,233,511

(53)

224,021,198

417,679,731

(46)

Non-controlling interest

-

-

-

-

-

-

86,445,617

185,233,511

(53)

224,021,198

417,679,731

(46)

Earnings/(loss) per share - basic/diluted

1.00

2.34

2.60

5.29

Dividend per share

-

-

-

-

STATEMENT OF COMPREHENSIVE INCOME - GROUP

Three Months Ended 31st December

09 Months ended 31st December

2022

2021

Change %

2022

2021

Change %

Rs.

Rs.

Rs.

Rs.

Profit/(loss) for the period

86,445,617

185,233,511

(53)

224,021,198

417,679,731

(46)

Other comprehensive income not to be reclassified

to profit or loss in subsequent periods

Remeasurement gain/(loss) on Defined Benefit Plans

-

-

-

-

-

-

Deferred tax effect on Actuarial gain/loss

-

-

-

-

-

-

Other comprensive income for the period. Net of tax

-

-

-

-

-

-

Total comprehensive income for the period, net of tax

86,445,617

185,233,511

(53)

224,021,198

417,679,731

(46)

Attributable to:

Equity holders of the parent

86,445,617

185,233,511

(53)

224,021,198

417,679,731

(46)

Non-controlling interest

-

-

-

-

-

-

86,445,617

185,233,511

(53)

224,021,198

417,679,731

(46)

Figures in brackets indicate deductions.

The above figures are provisional and subject to audit.

RESUS ENERGY PLC

Interim Report 03rd Quarter 2022-2023

Provisional Financial Statements

STATEMENT OF PROFIT OR LOSS - COMPANY

Three Months Ended 31st December

09 Months ended 31st December

2022

2021

Change %

2022

2021

Change %

Rs.

Rs.

Rs.

Rs.

Revenue from contracts with customers

123,342,953

153,397,560

(20)

368,727,253

325,013,478

13

Direct costs

(25,976,025)

(23,860,582)

(9)

(71,928,490)

(60,527,873)

(19)

Gross profit

97,366,928

129,536,978

(25)

296,798,763

264,485,605

12

Other operating income

934,798

-

100

15,214,422

(66,114)

(23,112)

Administrative expenses

3,717,854

(16,820,400)

122

(38,413,230)

(46,943,350)

18

Results from operating activities

102,019,580

112,716,578

(9)

273,599,955

217,476,141

26

Finance income

187,637

85,037

121

644,485

281,728

129

Finance cost

(62,723,333)

(24,499,820)

(156)

(183,241,833)

(60,042,057)

(205)

Profit/(loss) before tax

39,483,884

88,301,795

(55)

91,002,607

157,715,812

(42)

Tax expense

-

-

-

-

Profit/(loss) for the period

39,483,884

88,301,795

(55)

91,002,607

157,715,812

(42)

Attributable to:

Equity holders of the parent

39,483,884

88,301,795

(55)

91,002,607

157,715,812

(42)

Non-controlling interest

-

-

-

-

-

-

39,483,884

88,301,795

(55)

91,002,607

157,715,812

(42)

Earnings/(loss) per share - basic/diluted

0.46

0.85

1.06

2.00

Dividend per share

-

-

-

-

STATEMENT OF COMPREHENSIVE INCOME - COMPANY

Three Months Ended 31st December

09 Months ended 31st December

2022

2021

Change %

2022

2021

Change %

Rs.

Rs.

Rs.

Rs.

Profit/(loss) for the period

39,483,884

88,301,795

(55)

91,002,607

157,715,812

(42)

Other comprehensive income not to be reclassified

to profit or loss in subsequent periods

Remeasurement gain/(loss) on Defined Benefit Plans

-

-

-

-

-

Deferred tax effect on Actuarial gain/loss

-

-

-

-

-

Other comprensive income for the period. Net of tax

-

-

-

-

-

-

Total comprehensive income for the period, net of tax

39,483,884

88,301,795

(55)

91,002,607

157,715,812

(42)

Attributable to:

Equity holders of the parent

39,483,884

88,301,795

(55)

91,002,607

157,715,812

(42)

Non-controlling interest

-

-

-

-

-

-

39,483,884

88,301,795

(55)

91,002,607

157,715,812

(42)

Figures in brackets indicate deductions.

The above figures are provisional and subject to audit.

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Resus Energy plc published this content on 02 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 February 2023 10:29:07 UTC.