Unisyst Engineering : Quarter financial report as at 31st December 2021

INTERIM REPORT

THIRD QUARTER ENDED

31ST DECEMBER 2021

UNISYST ENGINEERING PLC

STATEMENT OF FINANCIAL POSITION

As at	31st December		31st December		31st March
	2021		2020		2021
	Rs. 000		Rs. 000		Rs. 000
	Un Audited		Un Audited		Audited
ASSETS
Non-Current Assets
Property, Plant & Equipment	125,220		136,334		131,543
Intangible Assets	1,898		-		2,365
Deferred Tax Assets	46,199		35,867		46,050
	173,317		172,201		179,958
Current Assets
Inventories	100,129		66,055		73,218
Construction Work in Progress	85,692		60,390		62,788
Trade and Other Receivables	188,034		127,198		120,571
Amounts Due from Related Companies	5,219				10,557
Contract Assets	70,369		54,984		58,105
Cash and Bank Balances	21,646		89,280		3,345
	471,089		397,907		328,584
Total Assets	644,406		570,108		508,542
EQUITY AND LIABILITIES
Capital and Reserves
Stated Capital	446,673		446,673		446,673
Revaluation Reserves	68,011		60,093		68,011
Retained Earnings	(381,681)		(340,863)		(356,989)
Total Equity	133,003		165,903		157,695
Non-Current Liabilities
Interest Bearing Loans and Borrowings	25,000		-		25,000
Employee Benefit Obligations	6,837		6,147		5,920
	31,837		6,147		30,920
Current Liabilities
Interest Bearing Loans and Borrowings	165,467		75,278		116,762
Trade and Other Payables	99,939		103,379		66,443
Contract Liabilities	110,877		54,544		76,018
Amounts Due to Related Companies	80,912		130,038		49,199
Bank Overdrafts	22,370		34,820		11,504
	479,565		398,059		319,926
Total Liabilities	511,402		404,206		350,847
Total Equity and Liabilities	644,406		570,108		508,542
Net Assets per share (Rs.)	3.01		7.52		3.57

The above figures are provisional and unaudited.

The Financial Statements are in compliance with the requirements of the Companies Act No. 7 of 2007 sgd

1. Perera
   Asst. Finance Manager

The Board of Directors is responsible for the preparation and presentation of these financial statements. Signed for and on behalf of the board by,

sgd	sgd
	…
A.M Pandithage	L.R.V. Waidyaratne
Chairman	Deputy Chairman

Colombo

27th Jan 2022

Figures in brackets indicate deductions

UNISYST ENGINEERING PLC

STATEMENT OF PROFIT OR LOSS

For the period of	Three Months ended		Nine Months ended
	31st Dec	31st Dec			31st Dec	31st Dec
	2021	2020	Change		2021	2020		Change
	Rs. 000	Rs. 000	%		Rs. 000	Rs. 000		%
	Un Audited	Un Audited			Un Audited	Un Audited
Revenue	124,742	96,137	30%		380,742	352,392		8%
Cost of Sales	(110,724)	(69,261)	60%		(313,510)	(346,112)		-9%
Gross Profit	14,018	26,876	>-100%		67,232	6,280		>100%
Other Operating Income	3,549	350	>100%		6,653	5,204		28%
Distribution Expenses	4,348	(3,540)	>-100%		3,371	(29,467)		>100%
Administrative Expenses	(33,792)	(21,285)	59%		(93,102)	(67,503)		38%
Results from Operating Activities	(11,877)	2,402	>-100%		(15,846)	(85,487)		-81%
Finance Income	1846	1,338	38%		2,768	5,856		-53%
Finance Cost	(5,349)	(4,456)	20%		(11,763)	(15,972)		-26%
Net Finance Expense	(3,503)	(3,118)	12%		(8,995)	(10,116)		-11%
Profit /(Loss) Before Tax	(15,380)	(716)	>-100%		(24,841)	(95,603)		-74%
Tax (Expense)/Reversal	329	-	>100%		149	33,303		>-100%
Profit /(Loss) for the Period	(15,051)	(716)	>-100%		(24,692)	(62,300)		-60%
Earnings /(Loss) Per Share (Rs. )	(0.34)	(0.03)			(0.56)	(2.82)
The above figures are provisional and unaudited.
Figures in brackets indicate deductions

UNISYST ENGINEERING PLC

STATEMENT OF COMPREHENSIVE INCOME

For the period of	Three months ended			Nine Months ended
	31st Dec	31st Dec			31st Dec	31st Dec
	2021	2020	Change		2021	2020	Change %
	Rs. 000	Rs. 000	%		Rs. 000	Rs. 000
	Un Audited	Un Audited			Un Audited	Audited
Loss for the period	(15,051)	(716)	>-100%		(24,692)	(62,300)	-60%
Other Comprehensive income
Revaluation of land & building	-	-	-		-	-	-
Defined Benefits Plan Actuarial Gains / (Losses)	-	-	-		-	-	-
Income Tax on Other Comprehensive Income	-	-	-		-	-	-
Other Comprehensive income for the period, net of tax	-	-			-	-	-
Total Comprehensive income for the period, net of tax	(15,051)	(716)	>-100%		(24,692)	(62,300)	-60%
The above figures are provisional and unaudited.
Figures in brackets indicate deductions

UNISYST ENGINEERING PLC

STATEMENT OF CHANGES IN EQUITY

For the period ended	Stated		Revaluation		Retained	Total
	Capital		Reserve		Earnings
	Rs. 000		Rs. 000		Rs. 000	Rs. 000
Balance as at 01st April 2020	446,673		60,093		(278,564)	228,202
Rights Issue	-		-		-	-
Loss for the Period	-		-		(62,300)	(62,300)
Other comprehensive Income
Income tax on other comprehensive Income	-		-		-	-
Acturial gains/(losses) on Employee Benefit Obligation	-		-		-	-
Total Other Comprehensive Income	-		-		-	-
Total Comprehensive Income	-		-		(62,300)	(62,300)
Balance as at 31st Dec 2020	446,673		60,093		(340,864)	165,902
Balance as at 01 st April 2021	446,673		68,011		(356,989)	157,695
Loss for the period	-		-		(24,692)	(24,692)
Other comprehensive Income	-		-		-	-
Income tax on other comprehensive Income	-		-		-	-
Acturial gains/(losses) on Employee Benefit Obligation						-
Total Other Comprehensive Income	-		-		-	-
Total Comprehensive Income					(24,692)	(24,692)
Balance as at 31st Dec 2021	446,673		68,011		(381,681)	133,003

The above figures are provisional and unaudited.

Figures in brackets indicate deductions