SOFTLOGIC CAPITAL PLC
(PB 779 PQ)
Interim Financial Statements
Period ended 31st March 2024
SOFTLOGIC CAPITAL PLC
INCOME STATEMENT
Group | ||||||||
Three months ended March | Year ended 31st March | |||||||
2024 | 2023 | Change % | 2024 | 2023 | Change % | |||
Audited | ||||||||
Rs. | Rs. | Rs. | Rs. | |||||
Revenue | ||||||||
Interest income | 2,463,669,402 | 2,942,427,632 | -16% | 10,300,348,729 | 10,132,540,025 | 2% | ||
Net Earned Premium | 6,527,186,989 | 5,345,005,932 | 22% | 25,032,613,563 | 20,458,557,682 | 22% | ||
Fee and trading income | (2,655,700) | 43,072,654 | -106% | 226,666,639 | 325,488,669 | -30% | ||
Other income and gains | 103,694,776 | (257,053,652) | -140% | 327,591,098 | 1,171,485,176 | -72% | ||
Realised gains | 581,699,880 | 38,178 | 1523552% | 809,052,570 | 196,743,422 | 311% | ||
Fair value gains and losses | (427,083,450) | 207,611,807 | -306% | 99,126,743 | 283,819,758 | -65% | ||
Dividend income | 179,520 | - | 179,520 | 118,597,711 | -100% | |||
Total revenue | 9,246,691,417 | 8,281,102,551 | 12% | 36,795,578,862 | 32,687,232,443 | 13% | ||
Direct expenses | ||||||||
Interest expenses | (976,040,242) | (1,918,688,986) | -49% | (5,464,769,747) | (6,264,902,431) | -13% | ||
Net claims and net acquisition cost | (4,915,853,645) | (4,520,396,136) | 9% | (18,725,004,182) | (14,788,416,408) | 27% | ||
Other direct expenses | (35,216,754) | (21,783,482) | 62% | (150,737,539) | (125,286,146) | 20% | ||
Credit loss expense on financial assets and other | ||||||||
loans | (42,050,653) | (1,507,035,978) | -97% | (1,449,912,355) | (3,423,987,181) | -58% | ||
Operating profit | 3,277,530,123 | 313,197,969 | 946% | 11,005,155,039 | 8,084,640,277 | 36% | ||
Administrative expenses | (1,462,459,417) | (1,562,502,029) | -6% | (5,764,011,943) | (5,492,160,111) | 5% | ||
Distribution cost | (241,663,990) | (269,450,782) | -10% | (898,286,689) | (863,611,574) | 4% | ||
Change in insurance contract liabilities | (557,262,432) | 73,208,114 | -861% | (3,458,552,455) | (1,948,266,096) | 78% | ||
Other operating expenses | (252,958,511) | (83,798,576) | 202% | (453,343,572) | (406,634,748) | 11% | ||
Profit / (loss) before income tax | 763,185,773 | (1,529,345,304) | 150% | 430,960,380 | (626,032,252) | 169% | ||
Income tax expense | (456,012,813) | (635,496,199) | -28% | (496,713,532) | (1,764,598,716) | -72% | ||
Profit / (loss) for the Period | 307,172,960 | (2,164,841,503) | -114% | (65,753,152) | (2,390,630,968) | -97% | ||
Profit / (loss) for the period attributable to; | ||||||||
Owners of the parent | (82,928,511) | (2,290,761,981) | (1,448,703,603) | (3,443,125,870) | ||||
Non-controlling interests | 390,101,471 | 125,920,478 | 1,382,950,451 | 1,052,494,902 | ||||
307,172,960 | (2,164,841,503) | (65,753,152) | (2,390,630,968) | |||||
Basic (Loss) per share (Rs.) | (0.08) | (2.34) | (1.48) | (3.52) |
The above figures are subject to audit unless stated otherwise. 31st May 2024
1
SOFTLOGIC CAPITAL PLC
STATEMENT OF COMPREHENSIVE INCOME
Group | ||||||
Three months ended 31st March | Year ended 31st March | |||||
2024 | 2023 | 2024 | 2023 | |||
Audited | ||||||
Rs. | Rs. | Rs. | Rs. | |||
Profit / (loss) for the Period | 307,172,960 | (2,164,841,503) | (65,753,152) | (2,390,630,968) | ||
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 | 59,773,871 | 17,780,554 | 303,731,084 | (256,180,333) | ||
Net Other comprehensive income / (loss) that may be | ||||||
reclassified to income statement in subsequent periods | 59,773,871 | 17,780,554 | 303,731,084 | (256,180,333) | ||
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 | (77,422,562) | 220,960,025 | 470,692,904 | (411,567,176) | ||
Gains on revaluation of land and buildings | - | 18,065,000 | 43,784,002 | 18,065,000 | ||
(Gain)/loss arising from changes in assumptions | (580,056) | 9,551,602 | (21,425,148) | 35,766,925 | ||
Net other comprehensive income / (loss) that will not | ||||||
be reclassified to income statement in subsequent | ||||||
periods | (78,002,618) | 248,576,627 | 493,051,758 | (357,735,251) | ||
Tax on other comprehensive income | 174,017 | (8,293,818) | 174,017 | (8,293,818) | ||
Other Comprehensive Income / (loss) for the period, | ||||||
(18,054,730) | 258,063,363 | 796,956,859 | (622,209,402) | |||
net of tax | ||||||
Total comprehensive income / (loss) for the period | ||||||
289,118,230 | (1,906,778,140) | 731,203,707 | (3,012,840,370) | |||
Attributable to: | ||||||
Owners of the parent | 80,044,876 | (2,564,656,083) | (995,306,142) | (3,750,284,048) | ||
Non controlling interest | 209,073,354 | 657,877,943 | 1,726,509,849 | 737,443,678 | ||
Total Comprehensive income / (loss) for the period | 289,118,230 | (1,906,778,140) | 731,203,707 | (3,012,840,370) | ||
The above figures are subject to audit unless stated otherwise. 31st May 2024
SOFTLOGIC CAPITAL PLC
INCOME STATEMENT
Company | ||||||
Three months ended 31st March | Year ended 31st March | |||||
2024 | 2023 | Change % | 2024 | 2023 | Change % | |
Rs. | Rs. | Rs. | Rs. | |||
Revenue | ||||||
Interest income | 234,008,586 | 278,832,616 | -16% | 1,098,621,901 | 763,784,349 | 44% |
Fee and trading income | 50,631,468 | 32,823,771 | 54% | 196,968,176 | 129,485,084 | 52% |
Other income and gains | 1,210,458,851 | 1,957,577 | 61735% | 1,229,418,522 | 10,929,981 | 11148% |
Dividend income | 618,202,110 | 583,028,821 | 0% | 618,202,110 | 584,983,902 | - |
Total revenue | 2,113,301,015 | 896,642,785 | 136% | 3,143,210,709 | 1,489,183,316 | 111% |
Direct expenses | ||||||
Interest expenses | (501,487,861) | (668,321,280) | -25% | (2,381,484,304) | (2,147,379,739) | 11% |
Other direct expenses | (12,462,046) | (4,842,375) | 157% | (33,888,791) | (18,010,466) | 88% |
Operating profit / (loss) | 1,599,351,108 | 223,479,130 | 616% | 727,837,614 | (676,206,889) | -208% |
Administrative expenses | (10,061,205) | (66,970,071) | -85% | (172,699,628) | (208,365,294) | -17% |
Distribution cost | (4,039,265) | (5,965,930) | -32% | (12,665,331) | (13,870,941) | -9% |
Other operating expenses | (7,123,702) | (4,672,414) | 52% | (7,507,299) | (753,875) | 896% |
Profit / (loss) before income tax | 1,578,126,936 | 145,870,715 | 982% | 534,965,356 | (899,196,999) | -159% |
Income tax expense | - | - | 0% | - | (219,204,751) | 0% |
Profit / (loss) for the Period | ||||||
1,578,126,936 | 145,870,715 | 982% | 534,965,356 | (1,118,401,750) | -148% | |
Basic earnings / (loss) per share (Rs.) | 1.61 | (0.43) | 0.55 | (0.99) |
The above figures are subject to audit unless stated otherwise. 31st May 2024
2
SOFTLOGIC CAPITAL PLC
STATEMENT OF COMPREHENSIVE INCOME
Company | |||||
Three months ended 31st March | Year ended 31st March | ||||
2024 | 2023 | 2024 | 2023 | ||
Rs. | Rs. | Rs. | Rs. | ||
Profit / (loss) for the Period | 1,578,126,936 | 145,870,715 | 534,965,356 | (1,118,401,750) | |
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 | (3,619,845) | (21,618,771) | 56,248,934 | (46,629,591) | |
Net other comprehensive income / (loss) that will not | |||||
be reclassified to income statement in subsequent | |||||
periods | (3,619,845) | (21,618,771) | 56,248,934 | (46,629,591) | |
Other Comprehensive Income / (loss) for the period, | |||||
(3,619,845) | (21,618,771) | 56,248,934 | (46,629,591) | ||
net of tax | |||||
Total comprehensive income / (loss) for the period | |||||
1,574,507,091 | 124,251,944 | 591,214,290 | (1,165,031,342) | ||
The above figures are subject to audit unless stated otherwise. 31st May 2024
SOFTLOGIC CAPITAL PLC
STATEMENT OF CHANGES IN EQUITY
Group | Attributable to equity holders of the parent | ||||||||||
Restricted | Non- | Minority Interest | Total Equity | ||||||||
Revaluation | Regulatory | Distributable | Retained | ||||||||
Stated Capital | Reserve Fund | Fair Value Reserve | Reserve | Reserve | Regulatory Loss | 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 | |
(Loss) for the Period | - | - | - | (1,448,703,603) | (1,448,703,603) | 1,382,950,451 | (65,753,152) | ||||
Other comprehensive income / (loss) for the period | - | - | 441,842,777 | 43,784,002 | - | - | (32,310,120) | 453,316,659 | 343,640,201 | 796,956,860 | |
Total Comprehensive Income / (loss) | |||||||||||
- | - | 441,842,777 | 43,784,002 | - | - | (1,481,013,723) | (995,386,944) | 1,726,590,652 | 731,203,708 | ||
Dividend paid to non-controlling interest | - | - | - | - | - | - | - | - | (679,422,150) | (679,422,150) | |
Equity Investments in FVOCI-reclassified to retained earnings | - | - | (25,878,669) | - | - | - | 25,878,669 | - | - | - | |
Total transactions with owners, recognised directly in equity | - | - | - | - | - | - | 133,909,149 | 133,909,149 | 216,201,165 | 350,110,313 | |
Transfer to Retained Eranings | - | - | - | (172,788,381) | - | - | 172,788,381 | - | - | ||
Share Issue Expenses | (28,324,834) | (28,324,834) | (28,324,834) | ||||||||
As at 31st March 2024 | 3,891,595,200 | 260,448,732 | (1,390,239,712) | 87,989,463 | 798,004,000 | 1,748,974,244 | (3,906,558,097) | 1,490,213,830 | 6,422,194,779 | 7,912,408,608 | |
- | - | (0) | 0 | - | (0) | 0 | (1) | (0) | |||
Group | Attributable to equity holders of the parent | ||||||||||
Restricted | Non- | Minority Interest | Total Equity | ||||||||
Revaluation | Regulatory | Distributable | Retained | ||||||||
Stated Capital | Reserve Fund | Fair Value Reserve | Reserve | Reserve | Regulatory Loss | Earnings | Total | ||||
Rs. | Rs. | Rs. | Rs. | Rs. | Rs. | Rs. | Rs. | Rs. | Rs. | ||
As at 01st April 2022 | 3,891,595,200 | 260,448,732 | (1,467,228,125) | 205,090,245 | 798,004,000 | - | 2,448,984,388 | 6,136,894,440 | 5,048,701,414 | 11,185,595,854 | |
Profit for the Period | - | - | - | - | - | - | (3,443,125,870) | (3,443,125,870) | 1,052,494,902 | (2,390,630,968) | |
Other comprehensive income for the period | - | - | (338,975,695) | 11,903,597 | - | - | 19,913,920 | (307,158,178) | (315,051,224) | (622,209,402) | |
Total Comprehensive Income | - | - | (338,975,695) | - | - | - | (3,423,211,950) | (3,750,284,048) | 737,443,678 | (3,012,840,370) | |
Dividend paid to non-controlling interest | - | - | - | - | - | - | - | - | (633,689,840) | (633,689,840) | |
Transfer to Non-Distributable Regulatory Loss Allowance Reserve | - | - | - | - | - | 1,748,974,244 | (1,748,974,244) | - | - | - | |
Equity Investments in FVOCI-reclassified to retained earnings | - | - | - | - | - | - | - | - | - | - | |
Total transactions with owners, recognised directly in equity | - | - | - | - | - | (3,995,857) | (3,995,857) | 6,369,860 | 2,374,003 | ||
Share Issue Expenses | - | - | - | - | - | - | (2,598,076) | (2,598,076) | - | (2,598,076) | |
As at 31st March 2023 | 3,891,595,200 | 260,448,732 | (1,806,203,820) | 205,090,245 | 798,004,000 | 1,748,974,244 | (2,729,795,739) | 2,380,016,459 | 5,158,825,112 | 7,538,841,571 |
The above figures are subject to audit unless stated otherwise. 31st May 2024
4
SOFTLOGIC CAPITAL PLC
STATEMENT OF FINANCIAL POSITION
Group | ||||
As at | 31.03.2024 | 31.03.2023 | ||
Rs. | Rs. | |||
Audited | ||||
ASSETS | ||||
Cash and cash equivalents | 1,923,636,096 | 1,534,034,946 | ||
Amounts due from related companies | 1,287,074 | 6,588,308 | ||
Other assets | 3,433,218,862 | 2,714,211,207 | ||
Income tax receivable | 2,478,875 | 258,190,765 | ||
Financial assets recognized through profit or loss | 5,341,367,895 | 4,057,009,201 | ||
Financial assets measured at fair value through other | ||||
comprehensive income | 5,721,896,147 | 2,324,850,123 | ||
Other financial assets at amortised cost | 41,495,346,509 | 42,753,554,869 | ||
Loans and advances | 3,878,852,530 | 8,842,788,482 | ||
Lease and hirepurchase receivables | 3,961,796,148 | 7,816,461,877 | ||
Investment in subsidiaries | - | - | ||
Deferred tax asset | 1,267,781,471 | 428,669,722 | ||
Right of use assets | 696,867,303 | 653,070,434 | ||
Investment Property | 103,237,000 | 103,237,000 | ||
Property, plant and equipment | 763,165,984 | 1,044,529,703 | ||
Intangible assets | 1,395,883,671 | 1,537,028,984 | ||
TOTAL ASSETS | 69,986,815,565 | 74,074,225,621 | ||
EQUITY AND LIABILITIES | ||||
Capital and reserves | ||||
Stated capital | 3,891,595,200 | 3,891,595,200 | ||
Reserve fund | 260,448,732 | 260,448,732 | ||
Fair Value Reserve | (1,390,239,712) | (1,806,203,820) | ||
Revaluation reserve | 87,989,463 | 216,993,842 | ||
Restricted Regulatory Reserve | 798,004,000 | 798,004,000 | ||
Non-Distributable Regulatory Loss Allowance Reserve | 1,748,974,244 | 1,748,974,244 | ||
Retained earnings | (3,906,558,097) | (2,729,795,739) | ||
Shareholders' funds | 1,490,213,830 | 2,380,016,459 | ||
Non-controlling interest | 6,422,194,778 | 5,158,825,112 | ||
Total equity | 7,912,408,608 | 7,538,841,571 | ||
Liabilities | ||||
Bank overdraft | 716,092,386 | 793,848,377 | ||
Trade and other payables | 4,503,751,790 | 5,643,944,500 | ||
Amounts due to related companies | 88,259,802 | 48,082,982 | ||
Other liabilities | 433,743,793 | 257,402,128 | ||
Income tax liability | 1,054,338,606 | 935,265,514 | ||
Interest bearing borrowings | 19,703,582,489 | 21,685,942,810 | ||
Public deposits | 7,481,875,598 | 12,430,946,956 | ||
Insurance provision | 27,759,130,484 | 24,462,093,046 | ||
Employee benefit liabilities | 331,525,551 | 276,146,368 | ||
Deferred tax liabilities | 2,106,459 | 1,711,369 | ||
Total Liability | 62,074,406,957 | 66,535,384,050 | ||
TOTAL EQUITY AND LIABILITIES | 69,986,815,565 | 74,074,225,621 | ||
Contingent Liabilities and Commitments | 1,874,007,425 | 3,169,743,660 |
Company
31.03.2024 | 31.03.2023 |
Rs. | Rs. |
Audited | |
89,674,148 | 80,616 |
70,108,763 | 23,574,854 |
358,525,173 | 58,725,627 |
- | - |
- | - |
89,536,037 | 171,603,171 |
3,945,918,738 | 3,345,220,361 |
- | |
- | - |
13,172,212,502 | 9,605,552,869 |
- | - |
119,221,857 | 191,490,632 |
- | |
2,599,982 | 3,234,830 |
5,214,383 | 3,920,084 |
17,853,011,583 | 13,403,403,044 |
3,891,595,200 | 3,891,595,200 |
- | - |
(52,697,061) | (83,067,326) |
- | - |
- | - |
- | |
(243,220,680) | (804,064,701) |
3,595,677,459 | 3,004,463,173 |
- | - |
3,595,677,459 | 3,004,463,173 |
322,885,410 | 322,060,550 |
49,831,797 | 36,603,790 |
88,000,000 | 58,215,949 |
- | 3,747,955 |
- | - |
13,796,450,093 | 9,978,144,804 |
- | - |
- | - |
166,824 | 166,823 |
- | - |
14,257,334,124 | 10,398,939,871 |
17,853,011,583 | 13,403,403,044 |
1,781,002,210 | 2,781,002,210 |
Net Assets Value per Share
1.53
2.44
3.68
3.07
The financial Statements are in compliance with the requirements of Companies Act No. 07 of 2007.
Sgd.
Assistant Vice President - Finance
The Board of Directors is responsible for the preparation & presentation of these Signed for and on behalf of Board by;
Sgd. | Sgd. |
Director | Director |
The above figures are subject to audit unless stated otherwise. 31st May 2024
3
SOFTLOGIC CAPITAL PLC
STATEMENT OF CHANGES IN EQUITY
Company | Stated | Fair Value | Retained | Total |
Capital | Reserve | Earnings | ||
Rs. | Rs. | Rs. | Rs. | |
As at 01st April 2023 | 3,891,595,200 | (83,067,326) | (804,064,701) | 3,004,463,173 |
Profit for the period | - | - | 534,965,356 | 534,965,356 |
Other comprehensive income | - | 56,248,934 | - | 56,248,934 |
Total comprehensive income | ||||
- | 56,248,934 | 534,965,356 | 591,214,290 | |
Equity Investments in FVOCI-reclassified to retained earnings | - | (25,878,669) | 25,878,669 | - |
As at 31st March 2024 | 3,891,595,200 | (52,697,061) | (243,220,676) | 3,595,677,463 |
Company | Stated | Fair Value | Retained | Total |
Capital | Reserve | Earnings | ||
Rs. | Rs. | Rs. | Rs. | |
As at 01st April 2022 | 3,891,595,200 | (70,702,177) | 314,366,509 | 4,135,259,532 |
Loss for the period | - | - | (964,751,852) | (545,621,183) |
Other comprehensive income | (25,010,820) | |||
- | (46,629,591) | - | ||
Total comprehensive income | - | (46,629,591) | (964,751,852) | (1,011,381,444) |
As at 31st March 2023 | 3,891,595,200 | (117,331,768) | (650,385,343) | 3,123,878,088 |
The above figures are subject to Audit unless stated otherwise.
31st May 2024
5
SOFTLOGIC CAPITAL PLC
STATEMENT OF CASH FLOW
Group | Company | |||
For the year ended 31st March | 2024 | 2,023 | 2024 | 2023 |
Rs. | Rs. | Rs. | Rs. | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||||
Profit/(loss) before tax | 430,960,380 | (626,032,252) | 534,965,356 | (899,196,999) |
Adjustments for | ||||
Dividend income | (179,520) | (118,597,711) | (618,202,110) | (584,983,902) |
Profit on disposal of property, plant and equipment | 19,322,807 | (29,313,802) | - | - |
Realized gain | (809,052,570) | (196,743,422) | - | - |
Fair Value Gain/(loss) | (99,126,743) | (283,819,758) | (1,196,570,484) | - |
Amortization of intangible assets | 147,270,609 | 157,685,691 | 5,578,480 | 138,899 |
Unrealized exchange gain/loss | 405,949,203 | (880,309,225) | - | - |
Interest expenses | 5,464,769,747 | 6,264,902,431 | 2,381,484,304 | 2,147,379,739 |
Gratuity provision and related costs | 106,466,239 | 70,377,315 | - | 89,227 |
Impairment of loans and receivable | 642,127,647 | |||
Impairemnt of financial assets at amortized cost | 807,784,709 | - | - | |
Credit loss expense on financial assets and other losses | 3,423,987,181 | - | - | |
Rent assistance income | - | - | ||
Amortisation of right of use assets | 386,747,558 | 349,331,615 | 150,089,622 | 117,542,312 |
Depreciation | 165,999,755 | 170,913,665 | 634,847 | 1,472,853 |
Operating profit before working capital changes | 7,669,039,821 | 8,302,381,728 | 1,257,980,015 | 782,442,129 |
Operating Assets: | ||||
(Increase)/decrease in amounts due form related companies | 5,301,234 | 2,589,176 | (46,533,909) | 23,354,989 |
(Increase)/decrease in other assets | (719,007,657) | (109,278,405) | (299,799,546) | (43,001,270) |
(Increase)/decrease in Financial assets recognized through profit or loss | (1,994,284,522) | 42,823,841 | - | - |
(Increase)/decrease in Financial assets measured at fair value through other | (2,622,622,036) | 593,444,677 | (30,370,265) | |
comprehensive income | ||||
(Increase)/decrease in financial assets at amortized cost | 450,423,651 | (10,254,834,495) | (600,698,377) | (1,339,289,536) |
(Increase)/decrease in Loans and Advances | 4,963,935,952 | (1,328,737,042) | - | |
(Increase)/decrease in lease and hirepurchase receivables | 3,854,665,729 | 3,446,422,103 | - | |
Increase/(decrease) in trade and other payables | (1,140,192,712) | 971,377,590 | 13,228,006 | (1,763,636) |
Increase /(decrease) in amount due to related companies | 40,176,820 | 43,351,178 | 29,784,051 | 58,238,277 |
Increase /(decrease) in other non financial liabilities | 176,341,665 | 90,906,938 | (3,747,955) | 3,182,192 |
Increase/(decrease) in insurance contract liabilities | 3,297,037,438 | 1,902,969,734 | - | - |
Increase/(decrease) in public deposits | (4,949,071,358) | (3,151,367,143) | - | - |
Cash (used in) / generated from operations | 9,031,744,025 | 552,049,880 | 319,842,020 | (516,836,854) |
Tax Paid | (1,237,554,979) | (338,898,498) | - | - |
Interest Paid | (5,464,769,747) | (5,072,324,669) | (2,611,971,065) | (1,443,649,557) |
Gratuity paid | (49,642,111) | (21,889,428) | - | - |
Net cash (used in) / generated from operations | 2,279,777,187 | (4,881,062,715) | (2,292,129,045) | (1,960,486,412) |
CASH FLOWS FROM INVESTING ACTIVITIES | ||||
Dividend income | 179,520 | 118,597,711 | 511,420,860 | 584,983,902 |
Investment in subsidiaries | - | - | (229,740,945) | (849,123,314) |
Proceeds from non controlling interest | 350,110,314 | 2,374,003 | - | - |
Proceeds on disposal of property plant & equipment | 355,546,753 | 160,786,471 | - | - |
Purchase of property, plant & equipment and intangible assets | (230,106,604) | (164,876,889) | (6,872,780) | (4,448,983) |
Net cash (used in) / generated from investing activities | 475,729,983 | 116,881,296 | 274,807,135 | (268,588,395) |
CASH FLOWS FROM FINANCING ACTIVITIES
Subsidiary dividend paid to non-controlling interest Proceeds from right issue
Proceeds from long term borrowings Repayment of long term borrowings Payment of principal portion of lease liability Proceed/(repayment) from short term borrowings
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
(679,422,150) | (633,689,840) | - | - |
(28,324,834) | - | - | - |
801,500,000 | 3,589,604,404 | 378,500,000 | 2,730,725,304 |
(1,237,110,133) | (3,431,713,812) | (832,662,358) | (915,000,000) |
(483,522,719) | (406,932,544) | (61,541,874) | (161,561,673) |
(661,270,194) | 5,661,961,805 | 2,621,794,814 | 340,851,684 |
(2,288,150,030) | 4,779,230,013 | 2,106,090,582 | 1,995,015,314 |
467,357,141 | 15,048,594 | 88,768,672 | (234,059,491) |
740,186,569 | 725,137,973 | (321,979,934) | (87,920,443) |
1,207,543,710 | 740,186,567 | (233,211,262) | (321,979,934) |
2024 | 2,023 | 2,024 | 2023 |
Rs. | Rs. | Rs. | Rs. |
1,923,636,096 | 1,534,034,944 | 89,674,148 | 80,616 |
(716,092,386) | (793,848,377) | (322,885,410) | (322,060,550) |
1,207,543,710 | 740,186,567 | (233,211,262) | (321,979,934) |
The above figures are subject to Audit unless stated otherwise.
31st May 2024
6
SOFTLOGIC CAPITAL PLC
Segment Information - Business Segment
For the year ended 31st March 2024
Non-banking | ||||||
Financial | Adjustments and | |||||
Institutions | Insurance | Others | Total Segments | Eliminations | Group Total | |
Total external revenue | 2,735,584,923 | 32,959,624,399 | 3,889,406,410 | 39,584,615,732 | - | 39,584,615,732 |
Inter-Segment | - | - | (1,394,518,434) | (1,394,518,434) | (1,394,518,434) | (2,789,036,869) |
Total revenue | 2,735,584,923 | 32,959,624,399 | 2,494,887,975 | 38,190,097,298 | (1,394,518,434) | 36,795,578,863 |
Interest Income | 2,591,559,219 | 7,009,562,693 | 1,111,547,338 | 10,712,669,250 | (412,320,521) | 10,300,348,729 |
Interest expense | (2,781,033,747) | (726,245,882) | (2,418,595,310) | (5,925,874,938) | 461,105,192 | (5,464,769,746) |
Impairment of loans and receivables | (642,127,647) | (807,784,709) | - | (1,449,912,355) | - | (1,449,912,355) |
Change in insurance contract liabilities | - | (3,458,552,455) | - | (3,458,552,455) | - | (3,458,552,455) |
Depreciation | (27,310,351) | (137,201,344) | (1,488,060) | (165,999,755) | - | (165,999,755) |
Amortization | (18,983,976) | (748,999) | (5,578,480) | (25,311,455) | (121,959,154) | (147,270,609) |
Employee benefits expenses | 14,244,790 | 91,223,083 | 998,366 | 106,466,238 | - | 106,466,238 |
Tax expense | - | (382,202,904) | (5,884,888) | (388,087,792) | (108,625,740) | (496,713,532) |
Profit after tax for the period | (1,758,019,611) | 3,190,381,530 | (642,377,296) | 789,984,623 | (855,737,774) | (65,753,152) |
Total Assets | 11,320,922,566 | 51,773,401,292 | 18,049,546,526 | 81,143,870,383 | (11,157,054,821) | 69,986,815,564 |
Total Liabilities | 8,513,305,929 | 39,006,721,246 | 14,859,946,359 | 62,379,973,534 | (305,566,578) | 62,074,406,955 |
For the year ended 31st March 2023 | ||||||
Non-banking | ||||||
Financial | Adjustments and | |||||
Institutions | Insurance | Others | Total Segments | Eliminations | Group Total | |
Total external revenue | 4,199,783,676 | 27,815,577,997 | 672,486,405 | 32,687,232,443 | 32,687,232,443 | |
Inter-Segment | - | 1,334,501,410 | 1,334,501,410 | (1,334,501,410) | - | |
Total revenue | 4,199,783,676 | 27,815,577,997 | 2,006,987,815 | 34,021,733,853 | (1,334,501,410) | 32,687,232,443 |
Interest Income | 3,925,424,279 | 5,870,008,013 | 807,956,560 | 10,603,388,852 | (470,848,827) | 10,132,540,025 |
Interest expense | (3,891,334,065) | (672,271,241) | (2,237,935,391) | (6,801,540,697) | 536,638,266 | (6,264,902,431) |
Impairment of loans and receivables | (1,809,774,887) | (1,614,212,294.00) | - | (3,423,987,181) | - | (3,423,987,181) |
Change in insurance contract liabilities | - | (1,948,266,096) | - | (1,948,266,096) | - | (1,948,266,096) |
Depreciation | (33,975,760) | (130,899,014) | (6,038,891) | (170,913,665) | - | (170,913,665) |
Amortization | (33,237,142) | (668,794) | (1,820,601) | (35,726,537) | (121,959,154) | (157,685,691) |
Employee benefits expenses | (13,710,058) | (52,497,217) | (4,170,040) | (70,377,315) | - | (70,377,315) |
Tax expense | - | (1,448,545,332) | (220,272,045) | (1,668,817,377) | (95,781,339.00) | (1,764,598,716) |
Profit/(Loss) after tax for the period | (2,995,203,435) | 2,682,744,983 | (1,113,237,648) | (1,425,696,100) | (964,934,866) | (2,390,630,966) |
Total Assets | 22,181,673,051 | 47,368,673,697 | 14,420,357,119 | 83,970,703,867 | (9,896,478,245) | 74,074,225,621 |
Total Liabilities | 19,945,625,968 | 37,097,431,889 | 11,018,636,285 | 68,061,694,142 | (1,526,310,093) | 66,535,384,050 |
The above figures are subject to Audit unless stated otherwise. 31st May 2024
7
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