Softlogic Capital PlcCSELK: SCAP.N0000

Interim Financial Statements as of 31st December 2024

Feb 13, 2025 at 9:36 AM UTC · Issued by Softlogic Capital Plc

SOFTLOGIC CAPITAL PLC

(PB 779 PQ)

Interim Financial Statements

Period ended 31st December 2024

SOFTLOGIC CAPITAL PLC

INCOME STATEMENT

			Group
	Three months ended 31st December	Nine months ended 31st December
	2024	2023	Change %	2024	2023	Change %
	Rs.	Rs.			Rs.	Rs.
Revenue
Interest income	2,314,878,949	2,449,827,329	-6%		6,478,385,507	7,836,679,327	-17%
Net Earned Premium	9,043,262,881	7,181,319,360	26%		22,536,582,375	18,505,426,574	22%
Fee and trading income	131,496,837	90,983,541	45%		262,351,815	229,322,339	14%
Other income and gains	291,767,436	93,231,629	213%		410,959,293	223,896,322	84%
Realised gains	(134,484,919)	124,418,512	-208%		2,356,564,001	227,352,690	937%
Fair value gains and losses	4,336,766	13,485,563	-68%		72,126,546	526,210,193	-86%
Dividend income	22,663,881	-			22,682,381	-	100%
Total revenue	11,673,921,831	9,953,265,934	17%		32,139,651,918	27,548,887,445	17%
Direct expenses
Interest expenses	(936,733,795)	(1,238,008,210)	-24%		(2,832,675,125)	(4,488,729,505)	-37%
Net claims and net acquisition cost	(5,153,453,688)	(4,715,087,943)	9%		(15,124,248,245)	(13,809,150,537)	10%
Other direct expenses	(68,520,126)	(37,909,910)	81%		(182,434,502)	(115,520,785)	58%
Credit loss expense on financial assets and other
loans	(159,327,779)	(1,244,785,935)	-87%		(499,946,662)	(1,407,861,702)	-64%
Operating profit	5,355,886,443	2,717,473,936	97%		13,500,347,384	7,727,624,916	75%
Administrative expenses	(918,579,566)	(1,381,562,522)	-34%		(4,036,106,833)	(4,301,552,526)	-6%
Distribution cost	(214,664,354)	(151,657,402)	42%		(627,931,375)	(656,622,699)	-4%
Change in insurance contract liabilities	(2,159,439,844)	(1,457,536,914)	48%		(4,713,478,066)	(2,901,290,023)	62%
Other operating expenses	(169,574,607)	(43,907,087)	286%		(356,495,729)	(200,385,061)	78%
Profit / (loss) before income tax	1,893,628,072	(317,189,989)	-697%		3,766,335,381	(332,225,393)	-1234%
Income tax expense	(737,113,783)	415,635,484	-277%		(2,046,049,994)	(40,700,719)	4927%

Profit / (loss) for the Period	1,156,514,289	98,445,495	1075%		1,720,285,387	(372,926,112)	-561%
Profit / (loss) for the period attributable to;
Owners of the parent	343,640,951	(407,252,715)			(26,300,907)	(1,365,775,092)
Non-controlling interests	812,873,338	505,698,210			1,746,586,294	992,848,980
	1,156,514,289	98,445,495			1,720,285,387	(372,926,112)

Basic Loss per share (Rs.)

0.35

(0.42)

(0.03)

(1.40)

The above figures are subject to audit unless stated otherwise.

11th February 2025

SOFTLOGIC CAPITAL PLC

STATEMENT OF COMPREHENSIVE INCOME

		Group
	Three months ended 31st December		Nine months ended 31st December
	2024	2023		2024	2023
	Rs.	Rs.		Rs.	Rs.
Profit / (loss) for the Period	1,156,514,289	98,445,495		1,720,285,387	(372,926,112)
Other comprehensive income that may be reclassified
to income statement in subsequent periods
Net gain/(loss) on financial instruments at fair value
through other comprehensive income	(248,275,375)	(230,686,103)		(119,541,288)	243,957,213
Net Other comprehensive income that may be
reclassified to income statement in subsequent periods	(248,275,375)	(230,686,103)		(119,541,288)	243,957,213
Other comprehensive income that will not be
reclassified to income statement in subsequent periods
Net gain / (loss) on equity instruments at fair value
through other comprehensive income	1,155,105,275	(93,857,264)		1,515,542,940	548,115,466
Gains on revaluation of land and buildings	-	43,784,002		-	43,784,002
Re-measurement gain / (loss) on defined benefit plans	(51,140,905)	-		(51,140,905)	-
(Gain)/loss arising from changes in assumptions	-	(20,845,092)		-	(20,845,092)
Net other comprehensive income that will not be
reclassified to income statement in subsequent periods	1,103,964,370	(70,918,354)		1,464,402,035	571,054,376
Other Comprehensive Income for the period, net of
855,688,995	(301,604,457)		1,344,860,747	815,011,589
tax
Total comprehensive income/(loss) for the period
2,012,203,284	(203,158,962)		3,065,146,134	442,085,477
Attributable to:
Owners of the parent	752,927,367	(719,939,985)		644,737,883	(1,075,351,019)
Non controlling interest	1,259,275,917	516,781,023		2,420,408,251	1,517,436,496
Total Comprehensive income / (loss) for the period	2,012,203,284	(203,158,962)		3,065,146,134	442,085,477

The above figures are subject to audit unless stated otherwise.

11th February 2025

SOFTLOGIC CAPITAL PLC

INCOME STATEMENT

			Company
	Three months ended 31st December	Nine months ended 31st December
	2024	2023	Change %	2024	2023	Change %
	Rs.	Rs.		Rs.	Rs.
Revenue
Interest income	167,145,187	262,489,770	-36%	463,840,560	864,613,314	-46%
Fee and trading income	63,133,213	54,531,468	16%	166,891,492	146,336,708	14%
Other income and gains	2,163,663	7,053,443	-69%	22,183,217	18,959,670	17%
Dividend income	635,883,748		100%	3,273,546,084	-	100%
Total revenue	868,325,811	324,074,681	168%	3,926,461,352	1,029,909,692	281%
Direct expenses
Interest expenses	(565,104,580)	(569,826,303)	-1%	(1,620,347,531)	(1,879,996,443)	-14%
Other direct expenses	(8,674,350)	(10,239,714)	-15%	(44,862,289)	(21,426,746)	109%
Operating profit / (loss)	294,546,880	(255,991,336)	215%	2,261,251,532	(871,513,496)	359%
Administrative expenses	(69,783,861)	(67,061,267)	4%	(148,075,390)	(162,638,423)	-9%
Distribution cost	(2,420,072)	-	100%	(13,567,588)	(8,626,066)	57%
Other operating expenses	(6,553,078)	(267,272)	2352%	(11,401,682)	(383,597)	2872%
Profit / (loss) before tax	215,789,868	(323,319,875)	167%	2,088,206,872	(1,043,161,582)	300%
Income tax expense	-	-	-	-	-	-
Profit / (Loss) for the Period
215,789,868	(323,319,875)	167%	2,088,206,872	(1,043,161,582)	300%
Basic Earning / (Loss) per share (Rs.)	0.22	(0.33)		2.14	(1.07)

The above figures are subject to audit unless stated otherwise. 11th February 2025

SOFTLOGIC CAPITAL PLC

STATEMENT OF COMPREHENSIVE INCOME

		Company
	Three months ended 31st December	Nine months ended 31st December
	2024	2023	2024	2023
	Rs.	Rs.	Rs.	Rs.
Profit / (loss) for the Period	215,789,868	(323,319,875)	2,088,206,872	(1,043,161,582)
Other comprehensive income that will not be
reclassified to income statement in subsequent periods
Net gain on equity instruments at fair value through other
comprehensive income	4,480,390	12,366,400	4,480,390	59,868,779
Net other comprehensive income that will not be
reclassified to income statement in subsequent periods	4,480,390	12,366,400	4,480,390	59,868,779
Other Comprehensive Income for the period, net of
4,480,390	12,366,400	4,480,390	59,868,779
tax
Total comprehensive income / (loss) for the period
220,270,258	(310,953,475)	2,092,687,262	(983,292,803)

The above figures are subject to audit unless stated otherwise. 11th February 2025

SOFTLOGIC CAPITAL PLC

STATEMENT OF FINANCIAL POSITION

	Group
As at 31st December 2024	31.12.2024	31.03.2024
	Rs.	Rs.
ASSETS
Cash and cash equivalents	2,431,320,273	1,889,298,666
Amounts due from related companies	233,175,574	23,716,724
Other assets	8,076,017,360	3,013,600,792
Income tax receivable	-	257,061,756
Financial assets recognized through profit or loss	5,255,195,669	5,720,620,686
Financial assets measured at fair value through other
comprehensive income	10,081,723,967	5,695,523,136
Other financial assets at amortised cost	30,743,633,917	37,078,798,424
Loans and advances	3,636,234,983	3,840,154,976
Lease and hirepurchase receivables	1,967,486,091	3,998,539,625
Investment in subsidiaries	-	-
Deferred tax asset	977,528,540	1,348,202,904
Right of use assets	1,447,839,324	655,423,448
Investment Property	103,237,000	103,237,000
Property, plant and equipment	731,287,353	762,311,176
Intangible assets	1,289,174,329	1,395,869,850
TOTAL ASSETS	66,973,854,380	65,782,359,163
EQUITY AND LIABILITIES

Capital and reserves
Stated capital	3,891,595,200	3,891,595,200
Reserve fund	262,345,578	260,448,732
Fair Value Reserve	(616,705,739)	(1,374,558,535)
Other Fair Value Reserve on investment in subsidiary	-	-
Revaluation reserve	87,989,463	87,989,463
Restricted Regulatory Reserve	798,004,000	798,004,000
Non-Distributable Regulatory Loss Allowance Reserve	811,553,804	1,736,237,951
Retained earnings	(7,154,109,511)	(8,044,183,368)
Shareholders' funds	(1,919,327,205)	(2,644,466,557)
Non-controlling interest	5,352,804,163	6,421,096,628
Total equity	3,433,476,958	3,776,630,071
Liabilities
Bank overdraft	801,586,487	721,807,728
Trade and other payables	3,536,137,234	4,507,359,963
Amounts due to related companies	9,705,522	89,155,348
Other liabilities	1,917,853,426	415,567,185
Income tax liability	988,373,321	1,053,917,557
Interest bearing borrowings	18,218,601,139	19,636,174,393
Public deposits	4,341,410,584	7,481,717,550
Insurance provision	33,290,277,797	27,759,130,484
Employee benefit liabilities	434,940,310	339,407,280
Deferred tax liabilities	1,491,602	1,491,604
Total Liability	63,540,377,422	62,005,729,092
TOTAL EQUITY AND LIABILITIES	66,973,854,380	65,782,359,163

Contingent Liabilities and Commitments	135,421,761	243,005,216

Company

31.12.2024	31.03.2024
Rs.	Rs.
7,281,111	61,801,769
236,514,345	67,995,615
904,275,036	299,470,088
-	-
-	-
-	59,994,820
1,494,457,112	8,901,351
-	-
-	-
19,200,391,611	19,423,911,060
-	-
12,778,002	77,778,000
-	-
783,983	1,742,428
514,383	5,214,383
21,856,995,583	20,006,809,515

3,891,595,200	3,891,595,200
-	-
-	(40,153,489)
7,229,936,934	7,284,972,867
-	-
-	-
(3,505,970,257)	(5,558,504,031)
7,615,561,877	5,577,910,547
-	-
7,615,561,877	5,577,910,547
329,420,579	328,600,752
55,220,711	20,622,331
35,464,568	88,000,000
-	-
-	-
13,657,809,754	13,828,157,793
-	-
-	-
221,925	221,924
163,296,168	163,296,168
14,241,433,706	14,428,898,968
21,856,995,583	20,006,809,515

75,000,000	150,000,000

Net Assets Value per Share

(1.96)

(2.71)

7.79

5.71

The financial Statements are in compliance with the requirements of Companies Act No. 07 of 2007.

(Sgd.)

Dilan Christostom

Director - Finance

The Board of Directors is responsible for the preparation & presentation of these Financial statements. Signed for and on behalf of Board by;

(Sgd.)	(Sgd.)
Ashok Pathirage	H K Kaimal
Chairman	Director

The above figures are subject to audit unless stated otherwise. 11th February 2025

SOFTLOGIC CAPITAL PLC

STATEMENT OF CHANGES IN EQUITY

Group				Attributable to equity holders of the parent
As at 31st December 2024						Non-
					Distributable
								Minority Interest	Total Equity
					Restricted	Regulatory Loss

			Fair Value	Revaluation	Regulatory	Allowance	Retained
	Stated Capital	Reserve Fund	Reserve	Reserve	Reserve	Reserve	Earnings	Total
	Rs.	Rs.	Rs.	Rs.	Rs.	Rs.	Rs.	Rs.	Rs.	Rs.
As at 01st April 2024	3,891,595,200	260,448,732	(1,374,558,535)	87,989,463	798,004,000	1,736,237,951	(8,044,183,368)	(2,644,466,557)	6,421,096,628	3,776,630,071
Profit / (Loss) for the Period	-	-	-	-	-	-	(26,300,907)	(26,300,907)	1,746,586,294	1,720,285,387
Transfer to Reserve Fund	-	1,896,845	-	-	-	-	(1,896,845)	-	-	-
Transfer to Non-Distributable Regulatory Loss Allowance Reserve	-	-	-	-	-	(924,684,147)	924,684,147	-	-	-
Other comprehensive income for the period	-	-	722,179,695	-	-	-	(51,140,902)	671,038,793	673,821,957	1,344,860,750
Total Comprehensive Income	-	1,896,845	722,179,695	-	-	(924,684,147)	845,345,493	644,737,886	2,420,408,251	3,065,146,137
Equity Investments in FVOCI-reclassified to retained earnings	-	-	35,673,099	-	-	-	(35,673,099)	-	-	-
Re-purchase of shares	-	-	-	-	-	-	-	-	(2,898,867,831)	(2,898,867,831)
Dividend paid to non-controlling interest	-	-	-	-	-	-	-	-	(687,914,927)	(687,914,927)
Total transactions with owners, recognised directly in equity	-	-	-	-	-	-	80,401,470	80,401,470	98,082,046	178,483,515

As at 31st December 2024	3,891,595,200	262,345,578	(616,705,739)	87,989,463	798,004,000	811,553,804	(7,154,109,511)	(1,919,327,208)	5,352,804,163	3,433,476,958

	-	0	(0)	-	-			3	0	0

Group				Attributable to equity holders of the parent
As at 31st December 2023						Non-
						Distributable			Minority Interest	Total Equity
					Restricted	Regulatory Loss

			Fair Value	Revaluation	Regulatory	Allowance	Retained
	Stated Capital	Reserve Fund	Reserve	Reserve	Reserve	Reserve	Earnings	Total
	Rs.	Rs.	Rs.	Rs.	Rs.	Rs.	Rs.	Rs.	Rs.	Rs.
As at 01st April 2023	3,891,595,200	260,448,732	(1,806,203,820)	216,993,842	798,004,000	1,748,974,244	(2,729,795,739)	2,380,016,459	5,158,825,112	7,538,841,571
Profit for the Period	-	-	-	-	-	-	(1,365,775,092)	(1,365,775,092)	992,848,980	(372,926,112)
Equity Investments in FVOCI-reclassified to retained earnings	-	-	-	-	-	-	-	-	-	-
Other comprehensive income for the period	-	-	278,567,975	43,784,002	-	-	(31,927,903)	290,424,074	524,587,515	815,011,589
Total Comprehensive Income	-	-	278,567,975	43,784,002	-	-	(1,397,702,995)	(1,075,351,018)	1,517,436,495	442,085,477
Equity Investments in FVOCI-reclassified to retained earnings	-	-	(26,114,699)	-	-	-	26,114,699	-	-	-
Transfer to Retained Eranings	-	-	-	-	-	-	-	-	-	-
Share Issue Expenses	-	-	-	-	-	-	-	-	-	-
Total transactions with owners, recognised directly in equity	-	-	-	-	-	-	210,210,670	210,210,670	139,797,034	350,007,704

As at 31st December 2023	3,891,595,200	260,448,732	(1,553,750,544)	260,777,844	798,004,000	1,748,974,244	(3,891,173,365)	1,514,876,111	6,816,058,641	8,330,934,752

The above figures are subject to audit unless stated otherwise. 11th February 2025

SOFTLOGIC CAPITAL PLC

STATEMENT OF CHANGES IN EQUITY

Company	Stated	Fair value reserve	Fair Value	Retained	Total
As at 31st December 2024	Capital	on investment in	Reserve	Earnings
	Rs.	Subsidiary	Rs.	Rs.	Rs.
As at 01st April 2024	3,891,595,200	7,284,972,867	(40,153,489)	(5,558,504,031)	5,577,910,547
Profit for the period	-	-	-	2,088,206,872	2,088,206,872
Other comprehensive income	-	-	4,480,390	-	4,480,390
Total comprehensive income
3,891,595,200	7,284,972,867	(35,673,099)	(3,470,297,159)	7,670,597,809
Equity Investments in FVOCI-reclassified to retained earnings	-	-	35,673,099	(35,673,099)	-
Loss on share disposal	-	(55,035,932)	-	-	(55,035,932)

As at 31st December 2024	3,891,595,200	7,229,936,934	(0)	(3,505,970,257)	7,615,561,877

Company	Stated	Fair value reserve	Fair Value	Retained	Total
As at 31st December 2023	Capital	on investment in	Reserve	Earnings
	Rs.	Subsidiary	Rs.	Rs.	Rs.
As at 01st April 2023	3,891,595,200	-	(83,067,326)	(804,064,701)	3,004,463,173
Loss for the period	-	-	-	(1,043,161,582)	(1,043,161,582)
Other comprehensive income	-	-	59,868,779	-	59,868,779
					-
Total comprehensive income	-	-	59,868,779	(1,043,161,582)	(983,292,803)

Equity Investments in FVOCI-reclassified to retained earnin	-	-	(26,114,699)	26,114,699	-

As at 31st December 2023	3,891,595,200	-	(49,313,247)	(1,821,111,584)	2,021,170,370

The above figures are subject to Audit unless stated otherwise.

11th February 2025

SOFTLOGIC CAPITAL PLC

STATEMENT OF CASH FLOW

		Group		Company
For the Nine months ended 31st December	2024	2023	2024	2023

	Rs.	Rs.	Rs.	Rs.
CASH FLOWS FROM OPERATING ACTIVITIES

Profit/(loss) before tax

Adjustments for

Dividend Income

Profit on disposal of property, plant and equipment

Realized gain

Fair Value Gain/(loss)

Amortization of intangible assets

Impairemnt of financial assets at amortized cost

Unrealized exchange gain/loss

Interest expenses

Gratuity provision and related costs

Impairment of loans and receivable

Amortisation of right of use assets

Depreciation

Operating profit before working capital changes

Operating Assets:

(Increase)/decrease in amounts due form related companies (Increase)/decrease in other assets

Decrease/(increase) in Financial assets recognized through profit or loss (Increase)/decrease in Financial assets measured at fair value through other comprehensive income

Decrease/(increase) in financial assets at amortized cost Decrease/(increase) in Loans and Advances Decrease/(increase) in lease and hirepurchase receivables (Decrease)/increase in trade and other payables (Decrease)/increase in amount due to related companies Increase /(decrease) in other non financial liabilities Increase/(decrease) in insurance contract liabilities (Decrease)/increase in public deposits

Cash (used in) / generated from operations

Tax Paid

Interest Paid

Gratuity paid

Net cash (used in) / generated from operations

CASH FLOWS FROM INVESTING ACTIVITIES

Investment in subsidiaries

Proceeds from sale of investment securities Dividend received / (Paid)

Proceeds on disposal of property plant & equipment Proceeds from non controlling interest

Purchase of property, plant & equipment and intangible assets

Net cash (used in) / generated from investing activities

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from long term borrowings

Repayment of long term borrowings

Payment of principal portion of lease liability

Proceed/(repayment) from short term borrowings

Subsidiary dividend paid to non-controlling interest

Subsidiary share buy back to non-controlling interest

Net cash (used in) / generated from financing activities

Net Increase/(Decrease) in Cash and Cash Equivalents

Cash & Cash Equivalents at the beginning of the period

Cash & Cash Equivalents at the end of the Period ( Note A)

NOTES TO THE CASH FLOW STATEMENT

A. Cash & Cash Equivalents

Cash & Bank Balances

Bank Overdrafts

3,766,335,381	(332,225,393)	2,088,206,872	(1,043,161,582)
(22,682,381)		(3,273,546,084)
(2,177,713)	(167,266)	-	-
(2,356,564,001)	(227,352,690)	-	-
(72,126,546)	(526,210,193)	-	-
417,809,865	80,611,759	4,700,000	3,587,721
649,574,077	-
(131,901,284)	(366,013,967)	-	-
2,832,675,125	4,488,729,505	1,620,347,531	1,879,996,443
79,219,148	34,352,821	-	-
499,946,662	1,407,861,702
397,733,195	286,977,498	100,648,957	106,173,636
118,422,646	117,705,962	958,445	634,847
6,176,264,175	4,964,269,738	541,315,721	947,231,065
(209,458,850)	(11,414,954)	(168,518,730)	(23,580,021)
(5,062,416,564)	(273,337,396)	(604,804,948)	(121,148,563)
537,551,563	(270,806,746)	-	-
(5,346,763,180)	(2,175,730,650)	59,994,820	(26,331,712)
9,096,946,713	138,651,980	(1,485,555,761)	(2,545,256,110)
203,919,993	3,992,445,056	-	-
2,031,053,534	2,720,288,600	-	-
(971,222,730)	(1,759,364,330)	34,598,380	3,822,136
(79,449,826)	39,917,018	(52,535,432)	29,784,051
1,502,286,241	66,194,683		(3,747,955)
5,531,147,313	2,739,775,006	-	-
(3,140,306,966)	(4,539,747,469)	-	-
10,269,551,415	5,631,140,536	(1,675,505,949)	(1,739,227,109)
(2,046,049,994)	(700,654,767)	-	-
(2,832,675,125)	(3,676,212,416)	(1,595,030,725)	(1,879,996,443)
(35,283,353)	(23,827,029)	-	-
5,355,542,943	1,230,446,324	(3,270,536,674)	(3,619,223,552)
-	-	(10,000,000)	(38,000,000)
		237,724,328
22,682,381	-	3,273,546,084
5,983,107	13,293,784	-	-
178,483,515	350,007,704	-	-
(96,093,077)	(171,591,232)	-	(6,872,780)
111,055,926	191,710,256	3,501,270,412	(44,872,780)
299,453,088	640,875,000	-	310,500,000
(3,792,770,101)	(1,811,283,042)	(2,168,642,425)	(829,123,678)
(346,952,004)	(195,145,602)	113,981,153	(39,016,735)
2,422,695,763	429,945,421	1,768,587,049	4,245,748,717
(687,914,927)	-	-	-
(2,898,867,840)	-	-	-
(5,004,356,022)	(935,608,223)	(286,074,222)	3,688,108,305

462,242,848	486,548,357	(55,340,486)	24,011,972
1,167,490,938	740,186,569	(266,798,983)	(321,979,934)
1,629,733,786	1,226,734,926	(322,139,469)	(297,967,962)

2024	2023	2024	2023
Rs.	Rs.	Rs.	Rs.
2,431,320,273	2,191,912,294	7,281,111	8,954,192
(801,586,487)	(965,177,368)	(329,420,579)	(306,922,154)
1,629,733,786	1,226,734,926	(322,139,469)	(297,967,962)

The above figures are subject to Audit unless stated otherwise.

11th February 2025

SOFTLOGIC CAPITAL PLC

Segment Information - Business Segment


	Non-banking
For the Nine Months ended 31st December 2024	Financial				Adjustments and
	Institutions	Insurance	Others	Total Segments	Eliminations	Group Total
Total external revenue	1,259,171,958	29,996,089,225	884,390,734	32,139,651,918	-	32,139,651,918
Inter-Segment	-	-	3,591,071,449	3,591,071,449	(3,591,071,449)	-
Total revenue	1,259,171,958	29,996,089,225	4,475,462,183	35,730,723,367	(3,591,071,449)	32,139,651,918
Interest Income	960,399,185	5,003,759,813	533,263,053	6,497,422,051	(19,036,544)	6,478,385,507
Interest expense	(669,317,807)	(507,184,002)	(1,681,248,306)	(2,857,750,114)	25,074,989	(2,832,675,125)
Impairment of loans and receivables	149,627,415	(649,574,077)	-	(499,946,662)	-	(499,946,662)
Change in insurance contract liabilities	-	(4,713,478,066)	-	(4,713,478,066)	-	(4,713,478,066)
Depreciation	(10,451,514)	(103,789,712)	(4,181,421)	(118,422,646)	-	(118,422,646)
Amortization	(44,065,807)	(282,478,983)	(114,812,065)	(441,356,855)	43,623,661	(397,733,195)
Employee benefits expenses	(6,182,207)	(27,445,796)	(1,655,350)	(35,283,354)	-	(35,283,354)
Tax expense	-	(1,467,962,975)	(14,587,746)	(1,482,550,720)	(563,499,274)	(2,046,049,994)
Profit after tax for the period	42,177,381	3,668,183,692	1,950,911,429	5,661,272,502	(3,940,987,115)	1,720,285,387
Total Assets	7,930,957,194	53,594,150,379	24,900,036,997	86,425,144,570	(19,451,290,191)	66,973,854,380
Total Liabilities	5,099,880,800	43,239,596,800	16,630,435,015	64,969,912,616	(1,429,535,194)	63,540,377,422

	Non-banking
For the Nine Months ended 31st December 2023	Financial				Adjustments and
	Institutions	Insurance	Others	Total Segments	Eliminations	Group Total
Total external revenue	2,212,074,532	24,511,165,542	825,647,370	27,548,887,444	-	27,548,887,444
Inter-Segment	-	-	622,684,592	622,684,592	(622,684,592)	-
Total revenue	2,212,074,532	24,511,165,542	1,448,331,962	28,171,572,036	(622,684,592)	27,548,887,444
Interest Income	2,074,860,450	5,244,852,203	875,111,563	8,194,824,216	(358,144,889)	7,836,679,327
Interest expense	(2,411,687,636)	(540,240,713)	(1,926,137,779)	(4,878,066,128)	389,336,623	(4,488,729,505)
Impairment of loans and receivables	(482,198,637)	(925,663,065)	-	(1,407,861,702)	-	(1,407,861,702)
Change in insurance contract liabilities	-	(2,901,290,023)	-	(2,901,290,023)	-	(2,901,290,023)
Depreciation	(14,781,811)	(101,915,334)	(1,008,816)	(117,705,961)	-	(117,705,961)
Amortization	(14,234,607)	(552,033)	(4,845,541)	(19,632,181)	(60,979,577)	(80,611,758)
Employee benefits expenses	(8,997,000)	(23,686,387)	(1,669,435)	(34,352,822)	-	(34,352,822)
Tax expense	-	(39,643,648)	(1,057,071)	(40,700,719)	-	(40,700,719)
Profit after tax for the period	(1,557,847,495)	2,336,768,376	(1,038,437,751)	(259,516,870)	(113,409,242)	(372,926,112)
				-		-
Total Assets	13,092,372,958	51,339,420,866	17,303,816,239	81,735,610,063	(10,958,381,329)	70,777,228,734
				-		-
Total Liabilities	12,414,173,373	38,006,075,128	14,492,656,683	64,912,905,184	(2,466,611,201)	62,446,293,983

The above figures are subject to Audit unless stated otherwise. 11th February 2025

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