Page 199 - flipbook-ubp-IR

OUR CORPORATE PERFORMANCE GOVERNANCE
24. OPERATING PROFIT
Operating profit is arrived at after:
(a) Crediting:
- Rental income
- Other operating income
- Profit on disposal of property, plant and equipment
(b) Charging:
- Cost of sales
- Administrative expenses
- Fair value loss on financial assets at fair value through profit or loss (11 (b))
- Selling and distribution costs
Depreciation of property, plant and equipment Depreciation of investment properties Amortisation of right of use assets
Property, plant and equipment written off Intangible assets written off
Right of use assets written off
Cost of inventories recognised as expenses
Fair value movement on land conversion rights Amortisation of intangible assets
Staff costs (note (f))
(c) Impairment of assets
- Impairment in interest in subsidiaries
- Impairment of goodwill from acquisition of subsidiary - Impairment of plant and machinery
(d) Allowance for expected credit losses on financial assets
- Trade receivables - Other receivables
(e) Gain on deemed disposal of associate
2021 Rs’000
44,907 107,936 3,981
1,121,661 568,462
- 7,929
164,887 19,415 7,174 - 1,578 - 591,869 - 4,573 420,185
52,255 - - 52,255
3,765 2,304 6,069
-
THE GROUP
2022
80,630
5,064
2,764,467
1,028,843
331
86,931
1,644
2,337
1,980,409
1,576
22,028
766,999
340,686
21,487
1,793
23,280
2021
2,101,108 892,692
29 54,343
(5,215) 2,304
(2,911)
THE COMPANY
2022
Rs’000
17,101
Rs’000
17,097 73,483 4,080
Rs’000
45,510
74,917
6,629
1,311,105
646,299
748,160
4,862
457,452
211,437
10,451
1,793
-
3,735
44,552
65
244,632 3,011 29,979 (1,493) 1,858 - 1,698,463 3,685 17,489 690,227
8,948
249,931
170,663
19,075
13,662
-
-
-
-
340,686
-
-
-
- 4,982
211,437
-
-
4,982
-
12,244
158,236
-
Following the acquisition of Pre-Mixed Concrete Limited as a subsidiary on October 27, 2021, the Group derecognised its existing 49% shareholding as investment in associate and recognised a gain on deemed disposal.
UBP INTEGRATED REPORT 2022 197
FINANCIAL STATEMENTS