THE LANKA HOSPITALS CORPORATION PLC PROVISIONAL CONSOLIDATED FINANCIAL
STATEMENTS
FOR THE QUARTER ENDED
30th June 2022
The Lanka Hospitals
C O R P O R A T I O N PLC (PQ 180)
THE LANKA HOSPITALS CORPORATION PLC
Provisional Consolidated Financial Statements
For the Quarter ended
30th June 2022
Board of Directors
Dr.Bandula WIJESIRIWARDENA - Chairman
Mr. Ashish BHATIA
Ms. Richa Singh DEBGUPTA
Ms.Roshini CABRAAL
Dr.Ravindra RUBERU
Ms.Lakshmi SANGAKKARA
Mr. Mayura FERNANDO
Mr. Kushan De ALWIS PC
Mr. Nadun FERNANDO
Dr. Kanishka KARUNARATNE
Mr. Kasun RAJAPAKSA
Mr. Anurag KALRA - ( Alternate Director to Mr. Ashish BHATIA ) Mr. Rajiv PURI (Alternate Director to Ms. Richa Singh DEBGUPTA )
Principal Place of Business & Registered Office
No. 578, Elvitigala Mawatha, Narahenpita, Colombo 05
Tel: +94 11 5430000 Fax: +94 11 4511199
E-mail: info@lankahospitals.com
Web: www.lankahospitals.com
THE LANKA HOSPITALS CORPORATION PLC
Provisional Consolidated Financial Statements for the Quarter ended 30th June 2022
Statement of Financial Position | Group | |||
As at, | 30th June 2022 | 31st Dec 2021 | ||
Adjusted | ||||
Rs. | Rs. | |||
ASSETS | ||||
Non Current Assets | ||||
Property, Plant & Equipment | 4,686,590,616 | 4,718,257,761 | ||
Right of Use Assets | 535,182,118 | 533,477,044 | ||
Intangible Assets | 48,751,741 | 55,276,003 | ||
Investment Property | - | - | ||
Investment in Subsidiary | - | - | ||
Total Non Current Assets | 5,270,524,475 | 5,307,010,807 | ||
Current Assets | ||||
Inventories | 972,622,366 | 455,449,496 | ||
Trade & Other Receivables | 935,434,318 | 1,031,704,735 | ||
Amounts due from Related Parties | 1,471,685 | 1,834,188 | ||
Other Financial Assets | 6,825,290,022 | 4,749,971,153 | ||
Cash and Cash Equivalents | 771,393,136 | 453,897,597 | ||
Total Current Assets | 9,506,211,528 | 6,692,857,170 | ||
Total Assets | 14,776,736,004 | 11,999,867,977 | ||
EQUITY AND LIABILITIES | ||||
Equity | ||||
Stated Capital | 2,671,543,090 | 2,671,543,090 | ||
Revaluation Reserve | 1,330,581,534 | 1,330,581,534 | ||
Retained Earnings | 7,818,695,375 | 5,274,950,194 | ||
Total Equity | 11,820,819,999 | 9,277,074,818 | ||
Non Current Liabilities | ||||
Employee Benefit Obligations | 297,355,474 | 277,775,607 | ||
Deferred Tax Liabilities | 531,930,157 | 509,403,686 | ||
Lease Liability | 167,750,245 | 159,299,028 | ||
Total Non Current Liabilities | 997,035,877 | 946,478,321 | ||
Current Liabilities | ||||
Trade & Other Payables | 924,996,779 | 897,956,622 | ||
Lease Liability | 92,389,342 | 88,743,012 | ||
Income Tax Payable | 410,901,604 | 307,230,385 | ||
Bank Overdraft | 530,592,403 | 482,384,819 | ||
Total Current Liabilities | 1,958,880,128 | 1,776,314,838 | ||
Total Liabilities | 2,955,916,005 | 2,722,793,159 | ||
Total Equity & Liabilities | 14,776,736,004 | 11,999,867,977 |
Company
30th June 2022 | 31st Dec 2021 |
Adjusted | |
Rs. | Rs. |
4,282,355,550 4,301,558,172
430,686,107 429,779,632
37,822,949 44,027,531
146,700,000 146,700,000
414,000,020 414,000,020
5,311,564,626 5,336,065,355
735,268,861 302,956,360
652,925,841 741,534,986
160,488,341 111,739,308
5,815,290,022 3,865,026,810
681,788,811 344,671,757
8,045,761,875 5,365,929,222
13,357,326,501 10,701,994,577
2,671,543,090 2,671,543,090
1,240,031,685 1,240,031,685
6,160,849,778 4,028,861,195
10,072,424,553 7,940,435,970
259,286,638 242,422,163
491,144,831 467,144,831
85,892,418 72,911,716
836,323,887 782,478,710
1,619,862,385 1,347,711,015
58,320,182 60,541,838
280,718,592 209,660,055
489,676,902 361,166,990
2,448,578,062 1,979,079,897
3,284,901,949 2,761,558,607
13,357,326,501 10,701,994,577
The figures as at 30th June 2022 are provisional and subject to audit.
I certify that the consolidated financial statements comply with the requirements of the Companies Act No. 07 of 2007.
Group Chief Financial Officer
The Board of the Directors is responsible for the preparation and presentation of these consolidated financial statements. Approved and signed for and on behalf of the Board.
Chairman | Director |
Date. 10th August 2022 Colombo
(Amounts in brackets indicate deductions)
THE LANKA HOSPITALS CORPORATION PLC
Provisional Consolidated Financial Statements for the Quarter ended 30th June 2022
Statement of Comprehensive Income
Group | Company | ||||
For the 3 months ended, | 30th June 2022 | 30th June 2021 | 30th June 2022 | 30th June 2021 | |
Rs. | Rs. | Rs. | Rs. | ||
Revenue from contract with customers | 2,446,923,925 | 2,401,563,474 | 1,854,192,145 | 1,618,879,447 | |
Cost of services | (1,328,031,452) | (1,231,236,706) | (1,071,758,680) | (898,680,484) | |
Gross profit | 1,118,892,473 | 1,170,326,768 | 782,433,465 | 720,198,963 | |
Other operating income | 10,530,386 | 13,818,500 | 12,145,064 | 13,596,600 | |
Administrative expenses | (679,223,208) | (536,300,594) | (475,963,562) | (392,029,389) | |
Other operating expenses | (198,836,638) | (193,344,203) | (171,985,651) | (177,278,387) | |
Profit from operations | 251,363,013 | 454,500,471 | 146,629,315 | 164,487,787 | |
Finance income | 1,031,980,927 | 57,534,575 | 1,006,414,738 | 51,849,232 | |
Finance Cost | (7,979,216) | (8,420,563) | (4,240,071) | (4,744,732) | |
Profit before tax | 1,275,364,724 | 503,614,484 | 1,148,803,983 | 211,592,287 | |
Income tax expense | (90,687,360) | (97,651,954) | (67,350,262) | (54,936,847) | |
Profit for the period | 1,184,677,364 | 405,962,529 | 1,081,453,721 | 156,655,440 | |
Other comprehensive Income | - | - | - | - | |
Other comprehensive income net of tax | - | - | - | - | |
Total comprehensive income for the period | 1,184,677,364 | 405,962,529 | 1,081,453,721 | 156,655,440 | |
Basic earnings per share | 5.30 | 1.81 | 4.83 | 0.70 | |
Dividend per share | - | - | - | - | |
(Amounts in brackets indicate deductions) |
THE LANKA HOSPITALS CORPORATION PLC
Provisional Consolidated Financial Statements for the Quarter ended 30th June 2022
Statement of Comprehensive Income
Group | Company | ||||
For the 6 months ended, | 30th June 2022 | 30th June 2021 | 30th June 2022 | 30th June 2021 | |
Rs. | Rs. | Rs. | Rs. | ||
Revenue from contract with customers | 5,251,505,580 | 4,607,268,311 | 3,693,089,998 | 3,111,585,656 | |
Cost of services | (2,803,334,345) | (2,391,378,185) | (2,115,493,613) | (1,790,523,019) | |
Gross profit | 2,448,171,235 | 2,215,890,126 | 1,577,596,385 | 1,321,062,637 | |
Other operating income | 25,019,668 | 31,055,067 | 28,610,881 | 32,622,519 | |
Administrative expenses | (1,274,136,193) | (1,058,322,639) | (901,712,540) | (768,998,775) | |
Other operating expenses | (397,678,914) | (372,037,479) | (351,043,779) | (340,719,064) | |
Profit from operations | 801,375,796 | 816,585,074 | 353,450,947 | 243,967,317 | |
Finance income | 2,178,228,509 | 250,117,786 | 2,132,113,880 | 239,700,803 | |
Finance Cost | (14,874,119) | (16,590,305) | (8,767,711) | (9,484,827) | |
Profit before tax | 2,964,730,186 | 1,050,112,555 | 2,476,797,116 | 474,183,293 | |
Income tax expense | (197,252,836) | (157,246,827) | (121,076,364) | (113,119,655) | |
Effect on deferred tax due to income tax rate change | - | 260,178,317 | - | 243,713,859 | |
Profit for the period | 2,767,477,350 | 1,153,044,045 | 2,355,720,752 | 604,777,497 | |
Other comprehensive Income | |||||
Effect on deferred tax due to income tax rate change | - | 280,240,962 | - | 271,856,362 | |
Other comprehensive income net of tax | - | 280,240,962 | - | 271,856,362 | |
Total comprehensive income for the period | 2,767,477,350 | 1,433,285,007 | 2,355,720,752 | 876,633,859 | |
Basic earnings per share | 12.37 | 5.15 | 10.53 | 2.70 | |
Dividend per share | 1.00 | 0.75 | 1.00 | 0.75 | |
(Amounts in brackets indicate deductions) |
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Lanka Hospitals Corporation plc published this content on 10 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2022 11:49:04 UTC.
