31 March 2018 - ENL

Visit our website: www.enl.mu/investors/enl-land. Contact us on [email protected]mu. Mar 31,. 2018. June 30,. 2017. Rs'000. Rs'000. ASSETS. Non-current assets.
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UNAUDITED INTERIM FINANCIAL STATEMENTS FOR THE THIRD QUARTER AND NINE MONTHS ENDED 31 MARCH 2018

NAV PER SHARE

Rs 87.36

TURNOVER FROM CONTINUING OPERATIONS

PROFIT AFTER TAXATION FROM CONTINUING OPERATIONS

(2017: Rs 7,687M)

(2017: Rs 400M)

Rs 8,521M Rs 254M

(June 2017: Rs 90.06) 1. CONDENSED STATEMENTS OF FINANCIAL POSITION Mar 31, 2018

June 30, 2017

Rs’000

Rs’000

ASSETS

Continuing operations Turnover

Non-current assets Property, plant and equipment

20,427,554

20,207,350

Operating profit

Investment properties

20,396,118

20,222,424

(Loss)/profit on sale of land and investments

9,200,152

8,618,076

Loss on disposal of subsidiary company

Other non-current assets

2,792,645

3,079,655

Fair value adjustment on held for trading securities

52,816,469

52,127,505

Current assets Assets classified as held for sale Total assets

6,104,278

5,603,023

376,260

76,204

59,297,007

57,806,732

EQUITY AND LIABILITIES

Rs’000

2,573,947 2,274,137

Share of profits less losses of associated companies and jointly controlled entities Finance costs

COMMENTS ON THE FINANCIAL STATEMENTS Nine months ended Mar 31, 2017 Rs’000

8,521,432

7,687,173

168,480

192,417

660,392

917,957

(538)

3,845

13,213

18,091

31,790

124,095

31,790

124,095

(39,428)

-

(39,428)

-

3,983

2,203

1,832

3,726

-

-

(14,437)

-

167,729

108,824

416,384

115,131 (631,217)

Goodwill impaired

(227,055)

(204,446)

(675,564)

Profit before taxation

104,961

226,938

394,182

547,783

Income tax expense

(75,230)

(44,957)

(140,220)

(148,276)

29,731

181,981

253,962

399,507

(30,818)

(11,555)

(101,969)

(20,783)

(1,087)

170,426

151,993

378,724

(89,288)

5,651

(89,288)

5,651

22,191

65,066

30,788

90,393

-

-

6,100

-

2,540

(12,856)

(334,674)

(190,290)

Profit after taxation from continuing operations Discontinuing operations

Equity and reserves 25,980,189

Equity holders' interests

26,779,079

Post tax loss from discontinuing operations (Loss)/profit after taxation

Non-controlling interests

10,823,772

10,692,249

Total equity and reserves

36,803,961

37,471,328

Non-current liabilities

15,969,726

12,233,679

6,234,056

8,101,725

Current liabilities

Other comprehensive income Release to income on disposal of investments Fair value movement on available for sale financial assets Surplus on revaluation of land and buildings

Liabilities associated with assets classified as held for sale

Share of comprehensive income of ass