Oct 31, 2017 - Profit for the quarter relates to an exchange gain of Rs11.7M on revaluation of its EUR26M loan from its
COMPAGNIE DES VILLAGES DE VACANCES DE L'ISLE DE FRANCE LIMITEE ABRIDGED UNAUDITED FINANCIAL STATEMENTS - QUARTER ENDED 30 APRIL 2017 ABRIDGED STATEMENT OF FINANCIAL POSITION UNAUDITED 30 APRIL 2017 RS
ABRIDGED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME AUDITED 31 OCTOBER 2016 RS
ASSETS Non-current assets Investment properties Equipment
TOTAL ASSETS
UNAUDITED 6 MONTHS ENDED 30 APRIL 2017 2016 RS RS 74,407,497 73,571,742
ADMINISTRATIVE EXPENSES
(5,291,500)
(5,449,199)
(10,269,476)
(10,110,071)
2,045,750,000 12,511,813
2,045,750,000 20,872,805
FINANCE (COSTS)/INCOME
(5,026,415)
(47,539,620)
1,182,253
(54,147,769)
2,058,261,813
2,066,622,805
PROFIT/(LOSS) BEFORE TAXATION
26,778,203
(16,142,488)
65,320,274
9,313,902
TAXATION
(2,609,557)
(1,794,252)
(4,921,744)
(3,741,774)
24,168,646
(17,936,740)
60,398,530
5,572,128
Current assets Trade and other receivables Cash at bank
INCOME
UNAUDITED QUARTER ENDED 30 APRIL 2017 2016 RS RS 37,096,118 36,846,331
394,434,371 180,773
329,631,720 286,912
PROFIT/(LOSS) FOR THE PERIOD
394,615,144
329,918,632
OTHER COMPREHENSIVE INCOME
2,452,876,957
2,396,541,437
1,092,984,247
1,032,585,717
982,020,000 138,742,861 203,439,985
1,018,680,000 138,742,861 198,518,243
1,324,202,846
1,355,941,104
2,484,780 33,205,084
5,064,427 2,950,189
-
-
-
-
TOTAL COMPREHENSIVE INCOME/(LOSS) FOR THE PERIOD
24,168,646
(17,936,740)
60,398,530
5,572,128
DATA PER SHARE: EARNINGS/(LOSS) PER SHARE NET ASSETS PER SHARE NUMBER OF ORDINARY SHARES
0.43 19.31 56,610,000
(0.32) 17.91 56,610,000
1.07 19.31 56,610,000
0.10 17.91 56,610,000
EQUITY AND LIABILITIES Capital and reserves Non-current liabilities Loan from holding company Other payables Deferred tax
ABRIDGED STATEMENT OF CASH FLOWS UNAUDITED 6 MONTHS ENDED 30 APRIL 2017 2016
Current liabilities Loan from fellow subsidiary Other payables
TOTAL EQUITY AND LIABILITIES
35,689,864
8,014,616
2,452,876,957
2,396,541,437
ABRIDGED STATEMENT OF CHANGES IN EQUITY STATED CAPITAL RS Balance at 1 November 2015 Total comprehensive profit for the period Balance at 30 April 2016 Balance at 1 November 2016 Total comprehensive income for the period Balance at 30 April 2017
566,100,000
RETAINED EARNINGS RS
985,991,062 5,572,128
566,100,000
425,463,190
991,563,190
566,100,000
466,485,717
1,032,585,717
60,398,530
60,398,530
526,884,247
1,092,984,247
566,100,000
NET DECREASE IN CASH AND CASH EQUIVALENTS
RS (93,376)
-
-
(106,139)
(93,376)
AT BEGINNING OF THE PERIOD
286,912
1,811,966
AT END OF THE PERIOD
180,773
1,718,590
TOTAL RS
5,572,128
-
NET CASH USED IN INVESTING ACTIVITIES NET CASH USED IN FINANCING ACTIVITIES
RS (106,139)
By Order of the Board
419,891,062
-
NET CASH USED IN OPERATING ACTIVITIES
Financial Consulting Associates Ltd Company Secretary 13 June 2017 -
The abridged financial statements of COMPAGNIE DES VILLAGES DE VACANCES DE L'ISLE DE FRANCE LTEE (COVIFRA) for the quarter ended 30 April 2017 are unaudited and have been prepared using the same accounting policies as the audited financial statements for the year ended 31 October 2016.
-
The unaudited abridged financial statements are issued pursuant to DEM Rule 17 and Securities Act.
- The Board of Directors of COVIFRA accepts full responsibility for the accuracy of the information contained in this communiqué. - Profit for the quarter relates to an exchange gain of Rs11.7M on revaluation of its EUR26M loan from its holding company compared to a loss of Rs27.8M for the quarter ended 30 April 2016. - Copies of the quarterly financial statements as well as the statement of direct and indirect interests of Insiders pursuant to Section 8(2)(m) of the Securities (Disclosure obligations of reporting issuers) Rules 2007, are available free of charge to the public at the registered office of COVIFRA, C/o Club Méditerranée, Pointe aux Canonniers.
