Unisyst Engineering : Quarter financial statement as of 30th June 2022

INTERIM REPORT

FIRST QUARTER ENDED

30TH JUNE 2022

UNISYST ENGINEERING PLC

STATEMENT OF FINANCIAL POSITION

As at	30th June	30th June	31st March
	2022	2021	2022
	Rs. 000	Rs. 000	Rs. 000
	Un Audited	Un Audited	Audited
ASSETS
Non-Current Assets
Property, Plant & Equipment	149,204	129,479	150,523
Intangible Assets	1,775	2,990	1,837
Deferred Tax Assets	43,410	45,870	43,409
	194,389	178,339	195,769
Current Assets
Inventories	93,930	67,721	52,483
Construction Work in Progress	57,565	60,663	14,876
Trade and Other Receivables	131,727	125,010	174,683
Amounts Due from Related Companies	9,698	5,978	31,276
Contract Assets	81,201	63,458	77,351
Cash and Bank Balances	5,920	3,365	623
	380,042	326,195	351,292
Total Assets	574,431	504,534	547,061
EQUITY AND LIABILITIES
Capital and Reserves
Stated Capital	446,673	446,673	446,673
Revaluation Reserves	89,806	68,011	89,806
Retained Earnings	(514,006)	(371,421)	(487,442)
Total Equity	22,472	143,263	49,037
Non-Current Liabilities
Interest Bearing Loans and Borrowings	25,000	25,000	25,000
Employee Benefit Obligations	7,869	5,897	7,276
	32,869	30,897	32,276
Current Liabilities
Interest Bearing Loans and Borrowings	253,548	19,243	248,115
Trade and Other Payables	57,878	90,387	63,647
Contract Liabilities	102,523	105,564	99,933
Amounts Due to Related Companies	61,973	107,632	45,720
Bank Overdrafts	43,166	7,548	8,333
	519,088	330,374	465,748
Total Liabilities	551,957	361,271	498,024
Total Equity and Liabilities	574,431	504,534	547,061
Net Assets per share (Rs.)	0.51	6.49	1.11

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

28th July 2022

Figures in brackets indicate deductions

UNISYST ENGINEERING PLC
STATEMENT OF PROFIT OR LOSS
For the period of	Three Months ended
	30th June	30th June
	2022	2021	Change
	Rs. 000	Rs. 000	%
	Un Audited	Un Audited
Revenue	90,586	92,602	-2%
Cost of Sales	(86,157)	(76,223)	13%
Gross Profit	4,428	16,379	-73%
Other Operating Income	4,053	1,668	>100%
Distribution Expenses	3,155	(1,338)	>-100%
Administrative Expenses	(25,406)	(27,927)	-9%
Results from Operating Activities	(13,769)	(11,218)	23%
Finance Income	469	37	>100%
Finance Cost	(13,264)	(3,071)	>100%
Net Finance Expense	(12,794)	(3,034)	>100%
Profit /(Loss) Before Tax	(26,563)	(14,252)	86%
Tax (Expense)/Reversal	-	(180)	-100%
Profit /(Loss) for the Period	(26,563)	(14,432)	84%
Earnings /(Loss) Per Share (Rs. )	(0.60)	(0.65)
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
	30th June	30th June
	2022	2021	Change
	Rs. 000	Rs. 000	%
	Un Audited	Un Audited
Loss for the period	(26,563)	(14,432)	84%
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	(26,563)	(14,432)	84%
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 2021	446,673	68,011	(356,989)	157,695
Rights Issue	-	-	-	-
Loss for the Period	-	-	(14,432)	(14,432)
Other comprehensive Income
Income tax on other comprehensive Income	-	-	-	-
Acturial gains/(losses) on Employee Benefit Obligation	-	-	-	-
Total Other Comprehensive Income	-	-	-	-
Total Comprehensive Income	-	-	(14,432)	(14,432)
Balance as at 30th June 2021	446,673	68,011	(371,421)	143,263
Balance as at 01 st April 2022	446,673	89,806	(487,443)	49,036
Loss for the period	-	-	(26,563)	(26,563)
Other comprehensive Income	-	-	-	-
Income tax on other comprehensive Income	-	-	-	-
Acturial gains/(losses) on Employee Benefit Obligation	-	-	-	-
Total Other Comprehensive Income	-	-	-	-
Total Comprehensive Income			(26,563)	(26,563)
Balance as at 30th June 2022	446,673	89,806	(514,006)	22,472
The above figures are provisional and unaudited.
Figures in brackets indicate deductions