Resus Energy PLC
Interim Report
01st Quarter 2022-2023
RESUS ENERGY PLC
Interim Report 01st Quarter 2022-2023
Provisional Financial Statements
STATEMENT OF FINANCIAL POSITION - GROUP
30.06.2022 | Unaudited | ||
31.03.2022 | |||
ASSETS | Rs. | Rs. | |
Non-current assets | |||
Property, plant and equipment | 4,089,616,613 | 4,250,444,706 | |
Right of use asset | 35,990,615 | 36,949,994 | |
Intangible assets | 181,139,888 | 181,139,889 | |
Deferred tax assets | 94,263,650 | 94,263,707 | |
Current assets | 4,401,010,766 | 4,562,798,296 | |
Inventories | 17,106,497 | 15,458,368 | |
Trade and other receivables | 801,202,912 | 577,767,761 | |
Income tax recoverable | 1,891,520 | 1,891,520 | |
Cash and cash equivalents | 114,768,172 | 195,430,281 | |
Total Assets | 934,969,101 | 790,547,930 | |
5,335,979,867 | 5,353,346,226 | ||
EQUITY AND LIABILITIES | |||
Equity | |||
Stated capital | 773,891,366 | 773,891,366 | |
Other components of equity | 6,949,461 | 6,949,461 | |
Retained earnings | 998,125,572 | 927,525,961 | |
Equity attributable to equity holders of the parent | 1,778,966,399 | 1,708,366,788 | |
Non-controlling interest | - | - | |
Total Equity | 1,778,966,399 | 1,708,366,788 | |
Non-current liabilities | |||
Interest bearing loans and borrowings | 2,652,657,969 | 2,623,681,680 | |
Lease liability | 31,282,060 | 31,829,231 | |
Retirement benefit obligations | 26,431,347 | 25,617,322 | |
Deferred tax liabilities | 53,719,457 | 53,719,457 | |
2,764,090,833 | 2,734,847,690 | ||
Current liabilities | |||
Trade and other payables | 75,982,081 | 250,892,617 | |
Lease liability | 9,473,637 | 8,022,841 | |
Income tax liabilities | 3,522,772 | 3,522,772 | |
Interest bearing loans and borrowings | 382,711,483 | 466,762,346 | |
Bank overdrafts | 321,232,662 | 180,931,173 | |
Total Equity and Liabilities | 792,922,635 | 910,131,749 | |
5,335,979,867 | 5,353,346,227 | ||
Net assets per share | 22.51 | 21.62 |
The above figures are provisional and subject to audit.
These Financial Statements are in compliance with the requirements of the Companies Act No. 07 of 2007.
……………………………
R M S Tillakawardana Chief Financial Officer
The Board of Directors is responsible for the preparation and presentation of these Financial Statements. Signed for and on behalf of the Board by,
…………………………………… | ………………………………. |
G.A.K. Nanayakkara | H A S Madanayake |
Managing Director | Chairman |
18th August 2022 |
RESUS ENERGY PLC
Interim Report 01st Quarter 2022-2023
Provisional Financial Statements
STATEMENT OF FINANCIAL POSITION - COMPANY
30.06.2022 | Unaudited | ||
31.03.2022 | |||
ASSETS | Rs. | Rs. | |
Non-current assets | |||
Property, plant and equipment | 1,151,249,891 | 1,160,595,892 | |
Right of use asset | 10,006,660 | 10,657,152 | |
Intangible assets | 125,407,510 | 125,407,510 | |
Investments in subsidiaries | 736,644,125 | 736,644,125 | |
Deferred tax assets | - | - | |
Current assets | 2,023,308,186 | 2,033,304,679 | |
Inventories | 11,189,815 | 10,955,870 | |
Trade and other receivables | 688,319,139 | 512,384,176 | |
Income tax recoverable | 790,027 | 790,027 | |
Cash and cash equivalents | 98,862,521 | 190,695,163 | |
Total Assets | 799,161,502 | 714,825,236 | |
2,822,469,688 | 2,748,129,915 | ||
EQUITY AND LIABILITIES | |||
Equity | |||
Stated capital | 773,891,366 | 773,891,366 | |
Other components of equity | 5,194,210 | 5,194,210 | |
Retained earnings | 427,963,670 | 399,308,708 | |
Equity attributable to equity holders of the parent | 1,207,049,246 | 1,178,394,284 | |
Non-controlling interest | - | - | |
Total Equity | 1,207,049,246 | 1,178,394,284 | |
Non-current liabilities | |||
Interest bearing loans and borrowings | 962,282,084 | 1,010,683,570 | |
Lease liability | 4,101,860 | 3,790,822 | |
Retirement benefit obligations | 25,908,780 | 25,103,523 | |
Deferred tax liabilities | 17,984,057 | 17,984,057 | |
1,010,276,781 | 1,057,561,972 | ||
Current liabilities | |||
Trade and other payables | 116,858,562 | 159,595,598 | |
Lease liability | 4,242,827 | 4,332,571 | |
Interest bearing loans and borrowings | 221,192,895 | 253,187,698 | |
Bank overdrafts | 262,849,377 | 95,057,792 | |
Total Equity and Liabilities | 605,143,661 | 512,173,659 | |
2,822,469,688 | 2,748,129,915 | ||
Net assets per share | 15.27 | 14.91 |
The above figures are provisional and subject to audit.
These Financial Statements are in compliance with the requirements of the Companies Act No. 07 of 2007.
……………………………
R M S Tillakawardana Chief Financial Officer
The Board of Directors is responsible for the preparation and presentation of these Financial Statements. Signed for and on behalf of the Board by,
…………………………………… | ………………………………. |
G.A.K. Nanayakkara | H A S Madanayake |
Managing Director | Chairman |
18th August 2022 |
RESUS ENERGY PLC
Interim Report 01st Quarter 2022-2023
Provisional Financial Statements
STATEMENT OF PROFIT OR LOSS - GROUP
03 Months ended 30th June | ||||
2022 | 2021 | Change % | ||
Rs. | Rs. | |||
Revenue from contracts with customers | 226,485,361 | 207,769,648 | 9 | |
Direct costs | (47,848,879) | (33,922,649) | (41) | |
Gross profit | 178,636,482 | 173,846,998 | 3 | |
Other operating income | - | - | - | |
Administrative expenses | (23,041,803) | (21,176,843) | (9) | |
Results from operating activities | 155,594,679 | 152,670,155 | 2 | |
Finance income | 165,715 | 47,170 | 251 | |
Finance cost | (85,160,782) | (38,670,354) | (120) | |
Profit/(loss) before tax | 70,599,612 | 114,046,971 | (38) | |
Tax expense | - | - | - | |
Profit/(loss) for the period | 70,599,612 | 114,046,971 | (38) | |
Attributable to: | ||||
Equity holders of the parent | 70,599,612 | 114,046,971 | (38) | |
Non-controlling interest | - | - | - | |
70,599,612 | 114,046,971 | (38) | ||
Earnings/(loss) per share - basic/diluted | ||||
0.89 | 1.44 | |||
Dividend per share | - | - | ||
STATEMENT OF COMPREHENSIVE INCOME - GROUP | 03 Months ended 30th June | |||
2022 | 2021 | Change % | ||
Rs. | Rs. | |||
Profit/(loss) for the period | 70,599,612 | 114,046,971 | (38) | |
Other comprehensive income not to be reclassified | ||||
to profit or loss in subsequent periods | ||||
Remeasurement gain/(loss) on Defined Benefit Plans | - | - | - | |
Deferred tax effect on Actuarial gain/loss | - | - | - | |
Other comprensive income for the period. Net of tax | - | - | - | |
Total comprehensive income for the period, net of tax | 70,599,612 | 114,046,971 | (38) | |
Attributable to: | ||||
Equity holders of the parent | 70,599,612 | 114,046,971 | (38) | |
Non-controlling interest | - | - | - | |
70,599,612 | 114,046,971 | (38) | ||
Figures in brackets indicate deductions.
The above figures are provisional and subject to audit.
RESUS ENERGY PLC
Interim Report 01st Quarter 2022-2023
Provisional Financial Statements
STATEMENT OF PROFIT OR LOSS - COMPANY
03 Months ended 30th June | ||||
2022 | 2021 | Change % | ||
Rs. | Rs. | |||
Revenue from contracts with customers | 115,629,524 | 122,034,124 | (5) | |
Direct costs | (24,219,977) | (20,765,247) | (17) | |
Gross profit | 91,409,547 | 101,268,877 | (10) | |
Other operating income | - | - | - | |
Administrative expenses | (20,786,548) | (18,147,449) | (15) | |
Results from operating activities | 70,623,000 | 83,121,428 | (15) | |
Finance income | 165,076 | 46,667 | 254 | |
Finance cost | (42,133,114) | (23,597,450) | (79) | |
Profit/(loss) before tax | 28,654,962 | 59,570,645 | (52) | |
Tax expense | - | - | - | |
Profit/(loss) for the period | 28,654,962 | 59,570,645 | (52) | |
Attributable to: | ||||
Equity holders of the parent | 28,654,962 | 59,570,645 | (52) | |
Non-controlling interest | - | - | - | |
28,654,962 | 59,570,645 | (52) | ||
Earnings/(loss) per share - basic/diluted | ||||
0.36 | 0.75 | |||
Dividend per share | - | - | ||
STATEMENT OF COMPREHENSIVE INCOME - COMPANY | 03 Months ended 30th June | |||
2022 | 2021 | Change % | ||
Rs. | Rs. | |||
Profit/(loss) for the period | 28,654,962 | 59,570,645 | (52) | |
Other comprehensive income not to be reclassified | ||||
to profit or loss in subsequent periods | ||||
Remeasurement gain/(loss) on Defined Benefit Plans | - | - | - | |
Deferred tax effect on Actuarial gain/loss | - | - | - | |
Other comprensive income for the period. Net of tax | - | - | - | |
Total comprehensive income for the period, net of tax | 28,654,962 | 59,570,645 | (52) | |
Attributable to: | ||||
Equity holders of the parent | 28,654,962 | 59,570,645 | (52) | |
Non-controlling interest | - | - | - | |
28,654,962 | 59,570,645 | (52) | ||
Figures in brackets indicate deductions.
The above figures are provisional and subject to audit.
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