Page 198 - flipbook-ubp-IR

INTRODUCTION ABOUT US MANAGEMENT APPROACH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2022
21. TRADE AND OTHER PAYABLES
Trade payables
Payables to subsidiaries Payables to associates Other payables and accruals
Trade payables are non-interest bearing and are normally settled on 60-day terms.
Other payables are non-interest bearing and have an average term of 6 months.
For terms and conditions relating to payables to related parties, refer to note 29.
Other payables comprise mainly of accruals, deferred income and deposits from customers amongst others. The carrying amounts of trade and other payables approximate their fair values.
2021 Rs’000 65,923 2,615 2 98,546 167,086
THE GROUP
2022
2021
THE COMPANY
2022
Rs’000
350,538
15,758
220,699
-
Rs’000 276,640 - 492 177,732
Rs’000
59,330
35,384
139,610
-
As at June 30, 2022, the estimated liability for unredeemed points was Rs 4.4 m (2021: Rs 3.4 m) and is included in other payables and accruals for the Group.
22. OTHER PAYABLES
2021 Rs’000 Advance from customers -
Advance from customers are included in note 21 under other payables and accruals.
23. REVENUE
(a)
2021 Rs’000 Sale of goods 1,724,096 Rendering of services 84,526 1,808,622
Disaggregation of revenue
Set out below is the disaggregation of the Group’s and the Company’s revenue:
2021 Rs’000 Sale of building materials 1,724,096 Sale of goods (interior finishes and garden accessories) -
THE GROUP
2022
3,993,473
3,934,271
59,202
2021
3,262,108
3,108,118 153,990
THE COMPANY
2022
Rs’000
2,523,218
1,141,732
123,790
145,531
59,202
Rs’000 2,181,407 829,836 41,715 55,160 153,990
Rs’000
1,807,111
145,531
1,952,642
1,952,642
-
-
-
3,993,473
1,952,642
-
3,262,108
Sale of agricultural goods Rendering of services Project revenue
Timing of revenue recognition
At a point in time Over time
- 84,526 - 1,808,622
1,808,622 - 1,808,622
196
UBP INTEGRATED REPORT 2022
586,995
THE GROUP
2022
10,797
454,864
2021
234,324
THE COMPANY
2022
Rs’000
Rs’000 8,388
Rs’000
-
THE GROUP
2022
204,733
3,993,473
2021
THE COMPANY
2022
Rs’000
3,788,740
Rs’000 3,052,958 209,150
Rs’000
1,807,111
145,531
3,262,108
1,952,642