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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Singhe Hospital plc published this content on 10 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 February 2022 08:09:04 UTC.