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INTRODUCTION ABOUT US MANAGEMENT APPROACH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2022
37.
DISCONTINUING OPERATION AND ASSETS CLASSIFIED AS HELD FOR SALE (CONTINUED)
The major classes of assets and liabilities comprising the discontinued operations and assets classified as held for sale are as follows:
2021 Rs’000 Investment in subsidiaries (a) 22,428 Property, plant and equipment (b) - Right of use assets - Inventories - Trade and other receivables - Cash and bank balances - Total assets classified as held for sale 22,428 Trade and other payables - Lease liabilities - Bank overdraft - Employee benefit liabilities - Total liabilities associated with assets classified as held for sale - Net assets 22,428
(a) Investment in subsidiaries
Investment in subsidiaries is net of impairment of Rs 13.4m, where Rs 3.3m and Rs 10.4m relate to investment in United Granite Products (Private) Limited and UBP Madagascar respectively.
(b) Property, plant and equipment
During the year, capital work in progress in relation to United Granite Products (Private) Limited’s property, plant and equipment has been impaired by Rs 7.4m, as the asset was not in good physical condition.
THE GROUP
2022
24,326
9,718
11,013
2021
THE COMPANY
2022
Rs’000
50,655
5,211
-
Rs’000 - 45,440 - 11,188 12,571 8,479
Rs’000
22,428
-
-
-
-
-
100,923
77,678
22,428
30,068
3,129
1,106
965
35,268
9,150 - - 1,411
-
-
-
-
10,561
-
65,655
67,117
22,428
206
UBP INTEGRATED REPORT 2022