SUNSHINE HOLDINGS PLC

Annual Report 2019/20

Financial Reports

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

Group Company
For the year ended 31 March Note 2020
Rs.
2019
Rs.
2020
Rs.
2019
Rs.
Revenue 10 20,830,888,266 22,641,987,898 497,330,868 514,907,500
Cost of sales (14,696,653,353) (16,942,697,288)
Gross profit 6,134,234,913 5,699,290,610 497,330,868 514,907,500
Other income 11 452,594,645 322,242,226 314,317,165 273,005,752
Selling and distribution expenses (2,001,552,253) (1,733,958,817)
Administrative expenses (2,016,956,500) (2,069,243,200) (427,259,581) (396,210,061)
Impairment of investment in subsidiary/ equity-accounted investee 24/25 (7,648,541) (87,766,423)
Gain on disposal of a subsidiary 24.4 340,726,887
Operating profit 12 2,909,047,692 2,218,330,819 376,739,911 303,936,768
Finance income 13 264,490,489 228,475,383 120,047,566 114,918,099
Finance costs 13 (608,747,322) (560,068,282) (183,975,056) (178,218,809)
Net finance costs (344,256,833) (331,592,899) (63,927,490) (63,300,710)
Share of loss of equity-accounted investees, net of tax (1,413,934) (5,161,319)
Profit before tax 2,563,376,925 1,881,576,601 312,812,421 240,636,058
Income tax expenses 14 (730,739,358) (735,942,442) 7,725,317 19,250,174
Profit for the year 1,832,637,567 1,145,634,159 320,537,738 259,886,232
Other comprehensive income
Items that will not be reclassified to profit or loss
Remeasurement of retirement benefit liability (7,926,899) (291,058,626) 2,266,758 (2,351,050)
Equity investments at FVOCI – net change in fair value (40,343,415) 28,108,968 (40,343,415) 22,418,968
Related tax 11,731,077 35,238,729 10,661,464 (5,619,017)
(36,539,237) (227,710,929) (27,415,193) 14,448,901
Items that are or may be reclassified subsequently to profit or loss
Foreign operations – foreign currency translation differences 1,183,969 2,884,093
1,183,969 2,884,093
Other comprehensive income for the year, net of tax (35,355,268) (224,826,836) (27,415,193) 14,448,901
Total comprehensive income for the year 1,797,282,299 920,807,323 293,122,545 274,335,133
Profit attributable to:
Owners of the company 1,147,045,944 646,984,059 320,537,738 259,886,232
Non-controlling interests 685,591,623 498,650,100
1,832,637,567 1,145,634,159 320,537,738 259,886,232
Total comprehensive income attributable to:
Owners of the company 1,114,929,101 553,211,192 293,122,545 274,335,133
Non-controlling interest 682,353,198 367,596,131
Total comprehensive income for the year 1,797,282,299 920,807,323 293,122,545 274,335,133
Earnings per share
Basic earnings per share (Rs.) 16 7.67 4.43 2.14 1.78
Diluted earnings per share (Rs.) 16 7.67 4.43 2.14 1.78

Figures in brackets indicate deductions.

The Group initially applied SLFRS 16 at 1 April 2019, using the modified retrospective approach. Under this approach, comparative information is not restated.

The Notes to the Financial Statements on pages 57 to 159 are integral part of these Consolidated Financial Statements.

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