Sui Southern Gas Company Limited

Balance Sheet
For the year ended As at June 30, 2022
2022 2021
ASSETS
Non-current assets
Property, plant and equipment 175,263,737 135,987,526
Intangible assets 226,209 110,920
Right of use assets 85,051 148,634
Deferred tax asset 2,823,415 2,592,082
Long term investments 1,401,745 1,458,681
Net investment in finance lease 73,321
Long term loans and advances 1,425,381 1,697,525
Long term deposits 18,632 18,733
Total non-current assets 181,244,170 142,087,422

Current Assets
Stores, spares and loose tools 3,645,946 3,454,702
Stock in trade 2,304,295 1,575,623
Current portion of net investment in finance lease 73,321 57,814
Customers' installation work-in-progress 244,305 249,578
Trade debts 109,085,866 92,133,807
Loans and advances 564,780 508,152
Advances, deposits, and short term prepayments 975,841 1,130,748
Interest accrued 16,692,130 15,153,952
Other receivables 461,821,871 359,967,952
Taxation - net 16,079,192 17,609,468
Cash and bank balances 3,078,230 573,696
Total current assets 614,565,777 492,415,492
TOTAL ASSETS 795,809,947 634,502,914

Liabilities
Non-current Assets
Long term financing 17,015,705 21,235,549
Long term deposits 24,506,273 22,871,737
Employee benefits 7,724,066 5,603,105
Payable against transfer of pipeline 684,981 755,645
Deferred credit 4,304,590 4,592,823
Contract liabilities 9,517,256 7,786,074
Lease liability 19,029 42,894
Long term advances 3,971,110 3,155,496
Total Non-current Assets 67,743,010 66,043,323

Current liabilities
Current portion of long term financing 6,664,669 8,080,662
Short term borrowings 23,878,298 23,750,594
Trade and other payables 682,927,371 540,548,044
Current portion of payable against transfer of pipeline 70,664 64,610
Current portion of deferred credit 443,575 442,114
Current portion of contract liabilities 262,881 232,352
Current portion lease liability 55,475 84,384
Unclaimed dividend 285,373 285,426
Interest accrued 17,957,484 17,142,960
Total current liabilities 732,545,790 590,631,146
Total liabilities 800,288,800 656,674,469

Equity
Share Capital and Reserves
Share Capital 8,809,163 8,809,163
Reserves 4,907,401 4,907,401
Surplus on re-measurement of FVTOCI securities 115,836 172,772
Surplus on revaluation of property, plant and equipment 54,107,435 24,347,314
Accumulated loss -72,418,688 -60,408,205
TOTAL EQUITY AND LIABILITIES 795,809,947 634,502,914

1000000000
Trend Analysis 800000000

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Trend Analysis 2022 Linear (Trend Analysis 2022)
2021
Trend Analysis Forecasting
2022 2021 2023 2024

129% 100% 155625631.5 165444684.25

204% 100% 168564.5 197386.75
57% 100% 116842.5 100946.75
109% 100% 2707748.5 2765581.75
96% 100% 1430213 1415979
0% 100% 36660.5 18330.25
84% 100% 1561453 1493417
99% 100% 18682.5 18657.25
128% 100% 161665796 171454983

106% 100% 3550324 3598135

146% 100% 1939959 2122127
127% 100% 65567.5 69444.25
98% 100% 246941.5 245623.25
118% 100% 100609836.5 104847851.25
111% 100% 536466 550623
86% 100% 1053294.5 1014567.75
110% 100% 15923041 16307585.5
128% 100% 410894911.5 436358391.25
91% 100% 16844330 16461761
537% 100% 1825963 2452096.5
125% 100% 553490634.5 584028205.75
125% 100% 715156430.5 755483188.75

80% 100% 19125627 18070666

107% 100% 23689005 24097639
138% 100% 6663585.5 7193825.75
91% 100% 720313 702647
94% 100% 4448706.5 4376648.25
122% 100% 8651665 9084460.5
44% 100% 30961.5 24995.25
126% 100% 3563303 3767206.5
103% 100% 66893166.5 67318088.25

82% 100% 7372665.5 7018667.25

 101% 100% 23814446 23846372
126% 100% 611737707.5 647332539.25
109% 100% 67637 69150.5
100% 100% 442844.5 443209.75
113% 100% 247616.5 255248.75
66% 100% 69929.5 62702.25
100% 100% 285399.5 285386.25
105% 100% 17550222 17753853
124% 100% 661588468 697067129
122% 100% 728481634.5 764385217.25

100% 100% 8809163 8809163

100% 100% 4907401 4907401
67% 100% 144304 130070
222% 100% 39227374.5 46667404.75
120% 100% -66413446.5 -69416067.25
125% 100% 715156430.5 755483188.75

Trend Analysis
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Column B Column C Column D Column E Column F Column G Column H

asting
2025

160535157.875
182975.625
108894.625
2736665.125
1423096
27495.375
1527435
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67505.875
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Column H
Income statement
For the year ended June 30, 2022
2022 2021
Revenue from contracts with customers - Gas sales 299,628,511 271,486,670
Tariff adjustments 75,930,537 24,642,231
375,559,048 296,128,901
Cost of sales -367,840,505 -301,878,844
Gross profit / (loss) 7,718,543 -5,749,943
Administrative and selling expenses -5,084,613 -4,446,333
Other operating expenses -20,337,874 -463,520
Allowance for expected credit loss -2,121,563 -2,229,028
-27,544,050 -7,138,881
-19,825,507 -12,888,824
Other income 17,280,257 18,643,222
(Loss) / profit before interest and taxation -2,545,250 5,754,398
Finance cost -5,190,235 -4,619,329
(Loss) / profit before taxation -7,735,485 1,135,069
Taxation -3,708,630 820,445
(Loss) / profit for the year -11,444,115 1,955,514

Trend Analysis
5000% 500,000,000

400,000,000
4000%
300,000,000

3000% 200,000,000

100,000,000

2000%
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-500,000,000
Trend Analysis 2022 Linear (Trend Analysis 2022)
2021
 ue -400,000,000
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-1000%
-500,000,000
Trend Analysis 2022 Linear (Trend Analysis 2022)
2021
 Trend Analysis Forecasting
2022 2021 2023 2024
110% 100% 285557590.5 292593050.75
308% 100% 50286384 63108460.5
127% 100% 335843974.5 355701511.25
122% 100% -334859674.5 -351350089.75
-134% 100% 984300 4351421.5
114% 100% -4765473 -4925043
4388% 100% -10400697 -15369285.5
95% 100% -2175295.5 -2148429.25
386% 100% -17341465.5 -22442757.75
154% 100% -16357165.5 -18091336.25
93% 100% 17961739.5 17620998.25
-44% 100% 1604574 -470338
112% 100% -4904782 -5047508.5
-681% 100% -3300208 -5517846.5
-452% 100% -1444092.5 -2576361.25
-585% 100% -4744300.5 -8094207.75

Trend Analysis
500,000,000

400,000,000

300,000,000

200,000,000

100,000,000

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2022 2021 Trend Analysis 2022 2021

 ue -400,000,000
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2022 2021 Trend Analysis 2022 2021

sting
2025
289075320.625
56697422.25
345772742.875
-343104882.125
2667860.75
-4845258
-12884991.25
-2161862.375
-19892111.625
-17224250.875
17791368.875
567118
-4976145.25
-4409027.25
-2010226.875
-6419254.125

120%

100%

80%

60%
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20%

0%

2021
 0%

2021
Financial Ratios
Sui Southern Gas Company Limited

Ratios 2022 2021

Operating Ratios
Gross margin 2.06% -1.94%
Pre tax margin -2.06% 0.38%
Net margin -3.05% 0.66%

Performance
Asset turnover ratio 0.53 0.48
Fixed assets turnover ratio 2.41 2.19
Inventory turnover 2.52 2.39

Valuation and other Ratios

Earnings per share -12.99 2.22
Price earnings ratio -0.7 5.99
Current ratio 0.84 0.83