| A | B | C | D | E | F | G | |
|---|---|---|---|---|---|---|---|
1 | |||||||
2 | GROUP | COMPANY | |||||
3 | Notes | 2021 | 2020 | 2021 | 2020 | ||
4 | Restated * | Restated * | |||||
5 | Operating activities | Rs'000 | Rs'000 | Rs'000 | Rs'000 | ||
6 | Profit before tax | 1,049,118 | 490,619 | 330,967 | 195,811 | ||
7 | Share of (profit)/loss in joint venture | (31,991) | 4,775 | - | - | ||
8 | Change in fair value of investment property | (536,757) | (109,809) | (164,775) | 145,723 | ||
9 | Straight lining adjustment | (18,014) | (28,890) | (1,752) | (20,410) | ||
10 | Letting commission | (3,800) | 9,850 | (3,573) | 3,926 | ||
11 | Net impairment losses on financial assets | 126,111 | 207,750 | 45,786 | 84,887 | ||
12 | Depreciation | 10,518 | 9,315 | 3,395 | 3,033 | ||
13 | Interest income | (17,720) | (20,408) | (11,745) | (8,870) | ||
14 | Dividend income | - | - | - | (221,750) | ||
15 | Interest expense | 223,872 | 255,793 | 117,152 | 116,511 | ||
16 | 801,337 | 818,995 | 315,455 | 298,861 | |||
17 | Changes in working capital: | ||||||
18 | - Trade receivables | (88,294) | (262,094) | (38,985) | (99,907) | ||
19 | - Trade and other payables | (14,168) | (19,750) | (28,232) | (2,227) | ||
20 | - Other assets | (58,270) | (21,002) | (37,615) | (19,239) | ||
21 | - Amount payable to related companies | (12,973) | (6,200) | 4,122 | (36,943) | ||
22 | Cash generated from operations | 627,632 | 509,949 | 214,745 | 140,545 | ||
23 | Tax refunded/(paid) | 622 | (29,427) | 4,980 | (1,057) | ||
24 | Net cash generated from/(used in) operating activities | 628,254 | 480,522 | 219,725 | 139,488 | ||
25 | |||||||
26 | Investing activities | ||||||
27 | Expenditure on investment property | (527,129) | (251,402) | (132,724) | (158,612) | ||
28 | Purchase of equipment | (5,614) | (8,202) | (3,448) | (5,872) | ||
29 | Investment in financial assets at amortised cost | (279,728) | (100,000) | (580,221) | (100,000) | ||
30 | Sale/redemption of financial assets at amortised cost | 20,000 | 490,734 | 100,000 | 227,313 | ||
31 | Interest received | 10,296 | 20,408 | 8,721 | 8,870 | ||
32 | Dividend received | - | - | 80,000 | 281,750 | ||
33 | Net cash (used in)/generated from investing activities | (782,175) | 151,538 | (527,672) | 253,449 | ||
34 | |||||||
35 | Financing activities | ||||||
36 | Repayment of borrowings | (36,203) | (6,007) | (687) | (649) | ||
37 | Redemption of debentures | (21,068) | - | (21,068) | - | ||
38 | Proceeds from bonds | 1,500,000 | - | 1,500,000 | - | ||
39 | Interest paid | (223,705) | (255,793) | (116,985) | (116,511) | ||
40 | Dividends paid | (160,814) | (405,932) | (160,814) | (405,932) | ||
41 | Net cash generated from/(used in) financing activities | 1,058,210 | (667,732) | 1,200,446 | (523,092) | ||
42 | |||||||
43 | Net cash flows from discontinued operations | 26(c) | 1,491 | 100,735 | 1,491 | 100,735 | |
44 | |||||||
45 | Net increase/(decrease) in cash and cash equivalents | 905,780 | 65,063 | 893,990 | (29,420) | ||
46 | |||||||
47 | Cash and cash equivalents - opening | 166,136 | 101,073 | 31,692 | 61,112 | ||
48 | |||||||
49 | Cash and cash equivalents - closing | 25** | 1,071,916 | 166,136 | 925,682 | 31,692 | |
50 | 1,071,916 | 166,136 | 925,682 | 31,692 |