तेह्रथुम पावर कम्पनीको अपरिष्कृत वित्तीय विवरणTerhathum Power Company: Unaudited Financial Results

UNAUDITED FINANCIAL RESULTS

Statement Of Financial Position
Figure in NPR
Particulars This Quarter Ending 31 2080 30	2079	31	2079
Assets
Non current Assets
Property Plant and Equipment	1,737,381	1,941,254	2,294,923
Intangible Assets	1,040,699,466	1,051,716,427	1,084,767,302
Intangible Assets Under Development	-	-	-
Investment	34,750,000	24,750,000	4,750,000
Other Non Current Assets	-	-	-
Total Non Current Assets	1,077,186,847	1,078,407,680	1,091,812,225
Current Assets
Trade & Other Receivables	41,680,444	10,761,855	28,568,496
Cash and Cash Equivalent	13,199,351	60,817,108	11,013,976
Other Current Assets	43,937,710	48,526,635	52,497,663
Total Current Assets	98,817,506	120,105,598	92,080,136
Total Assets	1,176,004,354	1,198,513,278	1,183,892,362
Equity and Liability
Equity
Share Capital	800,000,000	800,000,000	400,000,000
Reserve and Surplus	29,094,414	3,596,634	(154,110,479)
Total Equity	829,094,414	803,596,634	245,889,521
Liability
Non Current Liabilities
Loans and Borrowings (Long Terms)	292,910,798	344,120,399	882,865,356
Total Non Current Liabilities	292,910,798	344,120,399	882,865,356
Current Portion of Long Terms Borrowing	42,322,853	42,221,410	42,286,851
Short Term Loan & Borrowing	-	-	-
Trade and other Payables	11,676,290	8,574,835	12,850,634
Other Current Liabilities	-	-	-
Total Current Liabilities	53,999,143	50,796,245	55,137,485
Total Liability	346,909,941	394,916,644	938,002,841
Total Equity and Liability	1,176,004,354	1,198,513,278	1,183,892,362
Statement of Profit or Loss
Particulars Upto this Quarter Ending Upto previous Quarter Ending Upto Corresponding Previous Quarter Ending
Revenue from operation	182,612,260	130,443,860	154,946,065
Cost of Sales	58,008,102	41,066,283	54,608,936
Gross Profit	124,604,158	89,377,576	100,337,130
Other Income	-	-	340,000
Administrative Expenses	7,091,212	3,635,614	4,498,982
Depreciation and Amortization Expenses	642,487	470,375	682,114
Profit From Operations	116,870,459	85,271,588	95,496,034
Finance Cost	27,531,315	22,323,615	72,493,034
Profit Before Tax	89,339,144	62,947,973	23,002,999
Income Tax Expenses	-	-	-
Profit from Continuous Operations	89,339,144	62,947,973	23,002,999
Profit/(Loss) on Discontinue Operation	-	-	-

(Netof Tax)

Net Profit for the Period	89,339,144	62,947,973	23,002,999
Earning Per Share Annualized	11.17	10.49	5.75
Market Value Per Share	349	390	386
Price Earning Ratio	31.25	37.17	67.10
Current Ratio	1.83	2.36	1.67
Net Worth Per Share	103.64	100.45	61.47

Notes:

1. The above mentioned figures are subject to change during statutory audit of the books of accounts.

2. Previous period figures have been reclassified/adjusted wherever considered necessary.

Fourth quarter disclosure as of 32 Ashadh 2080 As per Securities Registration and Issue Regulations, 2073

1. Financial Statements

The unaudited financial statements for the Fourth quarter and the financial ratios have been published along with this report.

2. Management Analysis

- The company successfully commenced the commercial operation of 7.5 MW Upper Khorunga Khola Small Hydropower Project on 17 Falgun 2076 and has been selling electricity to the Nepal Electricity Aurthority (NEA) under a Take and Pay arrangemnet. Upon fulfillment of the conditions specified by the NEA, the company will become eligible to sell electricity under a Take or Pay arrangement.

- Till quarter end no other incident or situation has been seen adversely affecting the financial affairs of the company.

- During the financial year, the company completed a rights issue in the ratio of 1:1. The unsubscribed shares were sold through an auction at a premium, generating premium amount of Rs. 97.63 million. The significant reduction in the negative accumulated reserve compared to corresponding previous quarter ending was primarily due to the share premium and the profit earned upto the quarter ending.

- The proceeds from the rights issue were utilized to repay long-term borrowings from the bank, resulting in a significant decrease under the head of long-term loans and borrowings.

- The company established a subsidiary, K. T. K. Hydropower Pvt. Ltd., to develop the Khorunga Tangmaya 2 MW Cascade Project. All project development costs incurred by the company up to the date of the subsidiary's formation were transferred to the subsidiary.

3. Legal Proceedings

- Case filed or filed against the company during the quarter, if any- None

- Case filed or filed against the company or its promoter or director for violation of prevailing law or commission of criminal offence, if any- None

- Case relating to commission of financial crime against any director or promoter- None

4. Analysis of Share Transactions

- Shares of the company were actively traded during the quarter.

- Major highlights of share transaction during the quarter are as follows:

Maximum Price Minimum Price Closing Price Transactions Days No of Transactions Total Traded Volume Total Turnover

Rs 402 Rs 341 Rs 349 64 7,229 1,495,754 555,919,100

5. Problems and Challenges

Internal Risk

- Managing operational efficiency

- Regular or post operation maintenace due to geographical location.

External Risk

- Fluctuation of financing cost.

- Delay on statutory approvals for the new project.

- Insufficient rainfall and prolonged dry periods can reduce river levels, directly impacting power generation.

6. Corporate Governance

Board of Directors and Team management are committed to strengthen the corporate govrnance within the company.

7. Declaration

I the managing Director of the Company, hereby individually accept responsibility for the accuracy of the information and details contained in this report. Also hereby declare that to the best of my knowledge and belief, the information contained in this report is true, accurate and complete and there are no other matters concealed the ommission of which shall adversely affect the informed investment decision by the investors.