Income Statement of Mahaweli

For the year ended 31st March 2020

Revenue 398,333,377
Cost of sales -250,954,629
Gross profit 147,378,748
Other operating income 48,047,085
Administration expenses -233,733,943
Marketing and promotional expenses -28,797,167
Laundry and maintenance expenses -73,940,809
Profit / (loss) before operation -141,046,086
Financial Income 506,231
Financial Cost -15,045,524
Profit / (loan) before income taxation -155,585,379
Income tax credits / (expenses) 8,331,098
Profit/ (loss) for this year -147,254,281
Other Comprehensive Income
Other comprehensive income not to be reclassified to profit or loss
Re-measurement of retirement benefit obligation 10,489,534
Deferred tax impact on re-,easurement of retirement benefit obligation -1,468,535
9,020,999
Revaluation gain on lands 149,134,249
Revaluation gain on buildings 278,688,067
Deferred tax impact on revaluation buildings -39,016,329
388,805,987

Other comprehensive income / expenses for the year, net of tax 397,826,986

Total comprehensive income / (expense) for the year 250,572,704

Basic earning / (loss) per share (Rs. Cts.) -3.13

me Statement of Mahaweli Reach Hotel

2019 % change
598,408,777 -33.43457
-293,974,899 -14.63399
304,433,878 -51.58924
55,901,661 -14.0507
-254,586,089 -8.190607
-34,835,805 -17.33457
-8,133,613 809.07705
10,419,968 -1453.613
3,226 15592.219
-31,224,322 -51.81473
-41,641,064 273.63449
385,399 2061.6813
-41,255,665 256.93106

5,095,165 105.87231
-713,323 105.87237
4,381,842 105.8723

4,381,842 8978.9897

-36,873,823 -779.5409

-0.88 255.68182
 Balance Sheet of Mahaweli Reach H

As at 31st March 2020 2019 % Change

Assets
Non-current Assets
Property, Plant and Equipment 1,722,814,575 1,322,293,904 30.2898372
Deferred Tax Assets
1,722,814.58 1,322,293,904 -99.86971
Current Assets
Inventories 22,828,018 22,350,001 2.13877843
Trade and other receiveable 72,623,614 97,407,786 -25.443728
Income tax refund 7,698,217 8,503,184 -9.4666539
Cash and cash equivalents 19,389,022 7,365,427 163.243692
122,538,871 135,626,398 -9.64969
Total assets 1,845,353,446 1,457,920,302 26.5743706
Equity and liabilities
Equity
Stated Capital 585,445,870 585,445,870 0
Revaluation reserve 919,678,605 530,872,618 73.2390358
Retained earning -176,519,032 -38,385,750 359.855629
1,328,605,443 1,078,032,738
Non-Current Liabilities
Defferes tax liabilities 92,610,966 62,983,440 47.0401839
Retirement benefit obligation 49,989,957 55,128,625 -9.3212338
Borrowings 137,864,728 69,380,164 98.7091411
280,465,651 187,492,229 49.5878803
Current Liabilities
Trade and other payables 82,401,471 77,290,651 6.61246856
Due to related parties 6,625,849 942,529 602.986221
Borrowing 147,255,032 114,162,155 28.9876071
236,282,352 192,395,335 22.810853
Total Equity and Liabilities 1,845,353,446 1,457,920,302 26.5743706
Mahaweli Reach Hotel
 Ratio Analysis of Mahaweli Reach Hotel

Ratio 2020 2019

Current Ratio 0.555093 0.704936
Net Profit Margin 62.90527 -6.161979
Return on Assets (ROA) -0.079797 -0.028298
Return on Equity (ROE) -0.110834 -0.038269
Debt to Equity 0 0.35239
Total Assests Turnover 0.215857 0
Earning Per Share (EPS)
eli Reach Hotel