HAYLEYS LEISURE PLC
Interim Financial Statements
For the Quarter Ended
31st December 2022
HAYLEYS LEISURE PLC
PROVISIONAL FINANCIAL STATEMENTS
STATEMENT OF FINANCIAL POSITION
GROUP | COMPANY | GROUP | COMPANY | |||||||
Audited | Audited | Un Audited | Un Audited | Un Audited | Un Audited | |||||
31-03-2022 | 31-03-2022 | AS AT | 31-12-2022 | 31-12-2021 | 31-12-2022 | 31-12-2021 | ||||
Rs' 000 | Rs' 000 | Rs' 000 | Rs' 000 | Rs' 000 | Rs' 000 | |||||
ASSETS | ||||||||||
NON-CURRENT ASSETS | ||||||||||
4,684,024 | 35,173 | Property, Plant & Equipment | 4,585,716 | 4,575,324 | 27,585 | 27,550 | ||||
46,435 | - | Right of Use Assets | 39,534 | 24,654 | - | - | ||||
- | 1,269,541 | Investments in Subsidiaries | - | - | 1,269,541 | 1,360,953 | ||||
- | - | Intangible Assets | - | 137,864 | - | - | ||||
265,877 | 265,877 | Other Non-Current Financial Assets | 265,877 | 265,877 | 265,877 | 265,877 | ||||
4,996,336 | 1,570,591 | 4,891,127 | 5,003,719 | 1,563,003 | 1,654,380 | |||||
CURRENT ASSETS | ||||||||||
72,876 | - | Inventories | 108,720 | 65,423 | - | - | ||||
254,349 | 146,976 | Trade and Other Receivables | 308,772 | 246,202 | 353,635 | 120,176 | ||||
82,839 | 12,741 | Advance and Prepayment | 105,787 | 110,234 | 30,665 | 20,499 | ||||
1,135 | 1,135 | Other Current Financial Assets | 1,706 | 1,218 | 1,706 | 1,218 | ||||
4,410 | 265 | Tax Recoverable | 4,535 | 7,002 | 265 | 2,017 | ||||
1,727 | 1,727 | Short Term Deposits | 1,938 | 1,698 | 1,938 | 1,698 | ||||
245,793 | 61,751 | Cash & Cash Equivalents | 151,791 | 186,625 | 14,348 | 40,162 | ||||
663,129 | 224,595 | 683,249 | 618,402 | 402,557 | 185,770 | |||||
5,659,465 | 1,795,186 | TOTAL ASSETS | 5,574,376 | 5,622,121 | 1,965,560 | 1,840,150 | ||||
EQUITY AND LIABILITIES | ||||||||||
CAPITAL AND RESERVES | ||||||||||
909,371 | 909,371 | Stated Capital | 909,371 | 909,371 | 909,371 | 909,371 | ||||
- | - | Fair value reserve of Financial assets at FVOCI | - | - | - | |||||
462,906 | - | Revaluation Reserves | 462,906 | 423,794 | - | - | ||||
825,883 | 245,438 | Retained Earnings | 249,501 | 1,196,183 | 195,225 | 49,045 | ||||
2,198,161 | 1,154,809 | 1,621,778 | 2,529,348 | 1,104,596 | 958,416 | |||||
(52,790) | - | Non-Controlling Interest | (121,433) | (14,934) | - | - | ||||
2,145,371 | 1,154,809 | Total Equity | 1,500,345 | 2,514,414 | 1,104,596 | 958,416 | ||||
NON-CURRENT LIABILITIES | ||||||||||
1,039,018 | 8,440 | Interest Bearing Borrowings | 1,245,160 | 1,087,290 | 3,571 | 10,870 | ||||
209,323 | - | Deferred Tax Liabilities | 209,323 | 139,454 | - | - | ||||
35,410 | 2,947 | Retirement Benefit Obligations | 37,462 | 39,423 | 3,633 | 4,153 | ||||
1,283,751 | 11,387 | 1,491,945 | 1,266,167 | 7,204 | 15,023 | |||||
CURRENT LIABILITIES | ||||||||||
1,194,572 | 26,585 | Interest Bearing Borrowings | 1,134,800 | 901,835 | 23,991 | 28,321 | ||||
405,645 | 268,940 | Trade and Other Payables | 744,425 | 418,614 | 494,082 | 567,182 | ||||
- | - | Income Tax Payable | - | 509 | - | - | ||||
87,839 | 52,954 | Other Current Non-Financial Liabilities | 118,702 | 127,654 | 31,411 | 95,045 | ||||
542,287 | 280,511 | Bank Overdraft | 584,159 | 392,928 | 304,277 | 176,163 | ||||
2,230,343 | 628,990 | 2,582,086 | 1,841,540 | 853,761 | 866,711 | |||||
5,659,465 | 1,795,186 | TOTAL EQUITY AND LIABILITIES | 5,574,376 | 5,622,121 | 1,965,560 | 1,840,150 | ||||
Net Assets Value per Share (Rs.) | ||||||||||
20.36 | 10.69 | 15.02 | 23.42 | 10.23 | 8.88 |
These Financial Statements are in compliance with the requirements of the Companies Act No. 7 of 2007
signed.
Ravindra Dissanayake
Head of Finance
The Directors are responsible for the preparation and presentation of these Financial Statements.
Signed for and on behalf of the Board.
signed. | signed. |
A.M. Pandithage | R. J. Karunarajah |
Chairman | Managing Director |
31st January 2023 | |
Colombo |
HAYLEYS LEISURE PLC
PROVISIONAL FINANCIAL STATEMENTS
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND COMPREHENSIVE INCOME
Year Ended | Quarter ended | Nine Months ended | |||||||
31st March | 31st December | 31st December | |||||||
Audited | Un Audited | Un Audited | Un Audited | Un Audited | |||||
2022 | 2022 | 2021 | 2022 | 2021 | Change | ||||
Rs' 000 | Rs '000 | Rs '000 | Rs '000 | Rs '000 | % | ||||
777,262 | Revenue From Contract With Customers | 372,098 | 300,481 | 986,359 | 409,921 | >100 | |||
- | |||||||||
(479,522) | Cost of Sales | (186,052) | (163,487) | (497,230) | (292,551) | 70 | |||
297,740 | GROSS PROFIT | 186,046 | 136,994 | 489,129 | 117,370 | >100 | |||
35,255 | Other Income | 6,170 | 4,008 | 18,020 | 33,272 | (46) | |||
(11,207) | Selling and Marketing Expenses | (8,733) | (1,588) | (21,811) | (4,905) | >100 | |||
(944,511) | Administrative Expenses | (265,253) | (207,443) | (747,610) | (547,535) | 37 | |||
(356,587) | Finance Cost | (145,139) | (28,037) | (456,171) | (105,347) | >100 | |||
86,593 | Finance Income | 9,333 | 6,839 | 74,311 | 17,856 | >100 | |||
(892,717) | LOSS BEFORE TAX | (217,576) | (89,227) | (644,132) | (489,289) | 32 | |||
(5,823) | Tax Expenses | (492) | (111) | (892) | (1,560) | (43) | |||
(898,540) | LOSS FOR THE PERIOD | (218,068) | (89,338) | (645,024) | (490,849) | 31 | |||
OTHER COMPREHENSIVE INCOME/(EXPENSE) | |||||||||
111,559 | Gain/(Loss) on Equity Instruments Designated at FV through OCI | - | 7,761 | - | 111,559 | (100) | |||
(447) | Actuarial Gain/(loss) on defined benefit plan | - | - | - | - | ||||
(66,570) | Deferred Tax impact on Actuarial Gain/Loss | - | - | - | - | ||||
105,664 | Effect of Revaluation of Land | - | - | - | - | ||||
150,206 | Other Comprehensive Income/(Expense) for the period, Net of Tax | - | 7,761 | - | 111,559 | (100) | |||
(748,334) | Total Comprehensive Income/(Expense) for the period, Net of Tax | (218,068) | (81,577) | (645,024) | (379,290) | 70 | |||
Loss for the Period Attributable to: | |||||||||
(826,368) | Equity holders of the Parent | (193,266) | (81,350) | (576,382) | (456,423) | 26 | |||
(72,172) | Non-Controlling Interest | (24,802) | (7,989) | (68,642) | (34,426) | 99 | |||
(898,540) | (218,068) | (89,339) | (645,024) | (490,849) | 31 | ||||
Total Comprehensive income/(expense) Attributable to: | |||||||||
(676,053) | Equity holders of the Parent | (193,266) | (73,587) | (576,382) | (344,863) | 67 | |||
- | |||||||||
(72,281) | Non-Controlling Interest | (24,802) | (7,990) | (68,642) | (34,427) | 99 | |||
- | |||||||||
(748,334) | (218,068) | (81,577) | (645,024) | (379,290) | 70 | ||||
(7.65) | Profit/(Loss) per Share (Rs.) | (1.79) | (0.75) | (5.34) | (4.23) |
HAYLEYS LEISURE PLC
PROVISIONAL FINANCIAL STATEMENTS
COMPANY STATEMENT OF PROFIT OR LOSS AND COMPREHENSIVE INCOME
Year Ended | Quarter Ended | Nine Months Ended | |||||||
31st March | 31st December | 31st December | |||||||
Audited | Un Audited | Un Audited | Un Audited | Un Audited | |||||
2022 | 2022 | 2021 | 2022 | 2021 | Change | ||||
Rs' 000 | Rs '000 | Rs '000 | Rs '000 | Rs '000 | % | ||||
125,099 | Revenue From Contract With Customers | 76,347 | 47,839 | 170,600 | 65,770 | >100 | |||
- | Cost of Sales | - | - | - | - | ||||
125,099 | GROSS PROFIT | 76,347 | 47,839 | 170,600 | 65,770 | >100 | |||
302,397 | Other Income | 120 | - | 360 | 22,316 | (98) | |||
(91,412) | Impairment of Investment in Subsidiary | - | - | - | - | - | |||
(2,632) | Selling and Marketing Expenses | (607) | 53 | (901) | (2,566) | (65) | |||
(210,522) | Administrative Expenses | (72,812) | (52,323) | (197,993) | (146,151) | 35 | |||
(22,404) | Finance Cost | (22,498) | (4,586) | (55,940) | (14,171) | >100 | |||
36,027 | Finance Income | 7,370 | 5,402 | 33,661 | 14,338 | >100 | |||
136,553 | LOSS BEFORE TAX | (12,080) | (3,615) | (50,213) | (60,464) | (17) | |||
(1,327) | Tax Expenses | - | - | - | (659) | (100) | |||
135,226 | LOSS FOR THE PERIOD | (12,080) | (3,615) | (50,213) | (61,123) | (18) | |||
OTHER COMPREHENSIVE INCOME/(EXPENSE) | |||||||||
111,559 | Gain/(Loss) on equity Instruments Designated at FV through OCI | - | 7,761 | - | 111,559 | (100) | |||
44 | Actuarial Gain/(loss) on defined benefit plan | - | - | - | - | ||||
111,603 | Other Comprehensive Income/(Expense) for the period, Net of Tax | - | 7,761 | - | 111,559 | (100) | |||
246,829 | Total Comprehensive Expense for the period, Net of Tax | (12,080) | 4,146 | (50,213) | 50,436 | (>100) | |||
1.25 | Profit/(Loss) per Share (Rs.) | (0.11) | (0.03) | (0.46) | (0.57) |
HAYLEYS LEISURE PLC
PROVISIONAL FINANCIAL STATEMENTS
STATEMENT OF CHANGES IN EQUITY
CONSOLIDATED | |||||||||||||
Stated | Fair value | Revaluation | Retained | Total | Non-Controlling | Total | |||||||
Capital | reserve of | Reserve | Earnings | Interest | Equity | ||||||||
Financial assets | |||||||||||||
at FVOCI | |||||||||||||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | |||||||
Balance as at 01 April 2021 | 909,371 | 71,981 | 423,794 | 1,469,067 | 2,874,213 | 25,491 | 2,899,704 | ||||||
Loss for the Period | - | - | - | (456,424) | (456,424) | (34,425) | (490,849) | ||||||
Profit on fair value through OCI Financial Assets | - | 111,559 | - | - | 111,559 | - | 111,559 | ||||||
Disposal of Subsidiary Company | - | - | - | - | - | (6,000) | (6,000) | ||||||
Transfers | (183,540) | 183,540 | |||||||||||
Balance as at 31st December 2021 | 909,371 | - | 423,794 | 1,196,183 | 2,529,348 | (14,934) | 2,514,414 | ||||||
Balance as at 01 April 2022 | 909,371 | - | 462,906 | 825,883 | 2,198,160 | (52,790) | 2,145,370 | ||||||
Loss for the Period | - | - | - | (576,382) | (576,382) | (68,643) | (645,025) | ||||||
Balance as at 31st December 2022 | 909,371 | - | 462,906 | 249,501 | 1,621,778 | (121,433) | 1,500,345 | ||||||
COMPANY | |||||||||||||
Stated | Fair value | Revaluation | Retained | Total | |||||||||
Capital | reserve of | Reserve | Earnings | ||||||||||
Financial assets | |||||||||||||
at FVOCI | |||||||||||||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | |||||||||
Balance as at 01 April 2021 | 909,371 | 71,981 | - | (73,372) | 907,980 | ||||||||
Loss for the Period | - | - | - | (61,123) | (61,123) | ||||||||
Profit on fair value through OCI Financial Assets | - | 111,559 | - | - | 111,559 | ||||||||
Transfers | (183,540) | 183,540 | |||||||||||
Balance as at 31st December 2021 | 909,371 | - | - | 49,045 | 958,416 | ||||||||
Balance as at 01 April 2022 | 909,371 | - | - | 245,438 | 1,154,809 | ||||||||
Loss for the Period | - | - | - | (50,213) | (50,213) | ||||||||
Balance as at 31st December 2022 | 909,371 | - | - | 195,225 | 1,104,596 | ||||||||
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