Singhe Hospitals : Interim Financial Statements as of 31-12-2021

FINANCIAL STATEMENTS

FOR THE QUARTER ENDED

31st December 2021

SINGHE HOSPITALS PLC

(PB 70371 PQ)

Singhe Hospitals PLC

INCOME STATEMENT & STATEMENT OF OTHER COMPREHENSIVE INCOME

Period Ended 31st December 2021

	31-Dec-2021		31-Dec-2020	Variance	Variance
	Rs.		Rs.	Rs.	%
	Not Audited		Not Audited
Revenue	763,810,643	495,435,801	268,374,842	54.	2 %
Cost of Services	(359,145,482)	(197,915,585)	161,229,897	81.	5 %
Gross Profit				107,144,945	36.	0 %
404,665,161		297,520,216
Other Income and Gains	125,399	421,716	(296,317)	(70. 3 %)
Administrative Expenses	(329,576,157)	(251,715,767)	77,860,390	30.	9 %
Other Operating Expenses	(35,931,403)	(21,758,833)	(14,172,570)	65.	1 %
Finance Cost	(26,024,054)	(24,940,619)	1,083,435	4.	3 %
Profit Before Tax				13,732,233	2901.	5 %
13,258,946		(473,287)
Income Tax	(3,000,000)	(1,500,000)	1,500,000	100.	0 %
Profit for the Year				12,232,233	619.	9 %
10,258,946	(1,973,287)
Total Comprehensive Income/ (Loss) for the Year
10,258,946	(1,973,287)
Earnings Per Share - Basic	0.02	(0.00)

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Singhe Hospitals PLC

INCOME STATEMENT & STATEMENT OF OTHER COMPREHENSIVE INCOME

Three Months Ended 31st December 2021

	31-Dec-2021		31-Dec-2020	Variance	Variance
	Rs.		Rs.	Rs.	%
	Not Audited		Not Audited
Revenue	246,410,563	182,366,693	64,043,870	35.	1 %
Cost of Services	(103,592,365)	(73,944,792)	29,647,573	40.	1 %
Gross Profit				34,396,297	31.	7 %
142,818,198		108,421,901
Other Income and Gains	115,676	139,282	(23,606)	(16. 9 %)
Administrative Expenses	(114,520,598)	(91,773,760)	22,746,838	24.	8 %
Other Operating Expenses	(13,227,324)	(8,939,723)	4,287,601	48.	0 %
Finance Cost	(10,057,590)	(10,595,863)	(538,273)	(5. 1 %)
Profit Before Tax				7,876,525	286.	6 %
5,128,362		(2,748,163)
Income Tax	(2,400,000)	(750,000)	1,650,000	220.	0 %
Profit for the Period				6,226,525	178.	0 %
2,728,362	(3,498,163)
Other Comprehensive Income/ (Expenses)
-		-
Total Comprehensive Income/ (Expenses)
2,728,362	(3,498,163)
Earnings Per Share - Basic	0.01	(0.01)

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Singhe Hospitals PLC

STATEMENT OF FINANCIAL POSITION

As at 31st December 2021

	31-Dec-2021		31-Dec-2020
ASSETS	Rs.		Rs.
	Non Audited		Not Audited
Non-Current Assets
Property, Plant and Equipment	742,115,569	726,039,469
Right of Use Assets	49,091,838	53,140,874
Intangible Assets	7,488,110	8,030,939
	798,695,517		787,211,282
Current Assets
Inventories	69,581,804	54,205,707
Trade and Other Receivables	63,766,233	67,865,983
Financial Investments	18,405	13,350
Income Tax Recoverable	3,554,985	7,741,515
Cash and Bank Balances	29,108,967	13,244,156
	166,030,395		143,070,711
Total Assets	964,725,912		930,281,993
EQUITY AND LIABILITIES
Capital and Reserves
Stated Capital	375,000,000	375,000,000
Capital Reserves	108,332,429	106,966,316
Retained Earnings	3,437,469	(11,093,884)
Total Equity	486,769,898		470,872,432
Non-Current Liabilities
Interest Bearing Loans and Borrowings	188,370,716	211,576,127
Lease Liability	20,889,417	25,710,895
Deferred Tax Liabilities	78,476,229	66,084,239
Retirement Benefit Obligations	10,506,713	8,975,746
	298,243,075		312,347,007
Current Liabilities
Trade and Other Payables	35,492,530	20,570,775
Interest Bearing Loans and Borrowings	57,375,496	34,859,078
Amounts Due to Related Parties	672,102	2,504,714
Lease Liability	18,576,464	18,056,430
Bank Overdrafts	67,596,347	71,071,557
	179,712,939		147,062,554
Total Equity and Liabilities	964,725,912		930,281,993
Net Assets Per Share	1.13	1.09

The above figures are provisional & subject to audit.

It is certified that the Financial Statements have been prepared in accordance with the requirements of the Companies Act No.7 of 2007.

Asanka De Silva

Finance Manager

The Board of Directors are responsible for the preparation and presentation of these Financial Statements. Approved & Signed on behalf of the Board.

Navinda Weerasinghe	Lakshika Weerasinghe
Managing Director	Director
08.02.2022
Rathnapura

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Singhe Hospitals PLC

STATEMENT OF CHANGES IN EQUITY

Period Ended 31st December 2021

	Stated		Revaluation		Gain / ( Loss) on		Retained
	Capital		Reserves		Defined Benefit Plan		Earnings		Total
	Rs.		Rs.		Rs.		Rs.		Rs.
Balance as at 01st April, 2020	375,000,000	105,176,755	1,789,561	(9,120,597)	472,845,719
Profit for the Period	-	-	-	(1,973,287)	(1,973,287)
Balance as at 31st December, 2020	375,000,000		105,176,755		1,789,561		(11,093,884)		470,872,432
Other Comprehensive Income	-	9,436,533	348,822	-	9,785,355
Deferred Tax Impact on Actuarial Gain/(Loss)				(48,835)			(48,835)
Deferred Tax on Revaluation		(1,321,115)					(1,321,115)
Deferred Tax Charge on Revaluation Due to		(7,049,292)					(7,049,292)
Changes in Income Tax Rate
Profit for the Period						4,272,407	4,272,407
Balance as at 31st March, 2021
375,000,000	106,242,881	2,089,548	(6,821,477)	476,510,952
Balance as at 01st April, 2021	375,000,000	106,242,881	2,089,548	(6,821,477)	476,510,952
Profit/(loss) for the Period	-	-	-	10,258,947	10,258,947
Balance as at 31st December, 2021
375,000,000	106,242,881	2,089,548	3,437,469	486,769,898

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