Page 218 - UBP - IR2020

FINANCIAL STATEMENTS
Notes to the financial statements
For the year ended June 30 2020
14 CONSUMABLE BIOLOGICAL ASSETS (CONTINUED)
(b) Description of significant inputs to valuation (continued):
Plants
Vegetables
15 INVENTORIES
Valuation technique
Discounted cash flows
Discounted cash flows
Significant unobservable inputs Average price of plants :
:
Rs Rs 206 (2019: Rs Rs 176)
Mortality rate: 3% (2019: 5%)
WACC: 20% 20% (2019: 20%)
Discount factor: 8 8 8 8 8% 8% (2019: 8 8 8%)
Price of vegetables: Rs Rs 15 000 000 000 - Rs Rs Rs 19 19 19 000 000 000 (2019: Rs Rs 19 19 000 000 000 - 21 800)
Sensitivity of the input to value:
5% increase/(decrease) increase/(decrease) in in in in in price of plants would result in in in in in increase/(decrease) increase/(decrease) in in in in in fair value by Rs Rs 2 2 073 093 (2019: Rs 1 1 1 1 981 147)
5% increase/(decrease) in in in in in mortality rate would result in in in in in (decrease)/increase in in in in in fair value by Rs Rs 2 2 2 2 073 093 (2019: Rs 2 2 2 088 023)
1% increase/(decrease) in in in in in WACC would result in in in in in (decrease)/increase in in in in in fair value by Rs Rs 266 438 (2019: Rs 292 989)
1% increase/(decrease) in in in in in discount factor would result in in in in in (decrease)/increase in in in in in fair value by Rs Rs 33 715 (2019: Rs 3 256)
5% increase/(decrease) increase/(decrease) in in in in in the price of vegetables would result in in in in in increase/(decrease) increase/(decrease) in in in in in fair value by 955 845 (2019: Rs 1 1 022 386)
THE THE GROUP THE THE COMPANY
2019 2019 2019 2019 Rs’000 Rs’000 Rs’000 Rs’000 Rs’000 Rs’000 334 466 243 699 38 029 37 030 398 624 51 630 51 436 7 614 822 555 339 973
2020
Rs’000 411 349
28 853
400 859
26 994
868 055
2020
Rs’000 310 796
25 232
41 631
4 4 154
381 813
Raw materials and spares (at cost)
Work in progress (at cost)
Finished goods (at lower of cost and net realisable value) Goods in transit
16 TRADE AND OTHER RECEIVABLES
Trade receivables Loan receivable from subsidiary
Receivables from subsidiaries
Receivables from associates
Other receivables Prepayments 32
769
470 572
Trade receivables are are non-interest bearing and are are generally on on 30 days’ terms Other receivables comprise of advances made to suppliers amounts due from related entities amongst others Other receivables are non-interest bearing and having an an average term of 6 months For terms and conditions relating to to receivables from related parties refer to to note 30 218 - UBP INTEGRATED REPORT 2020
THE GROUP THE COMPANY
2019 Rs’000 162 096 149 143 88 591 24 573 46 401 10 919 481 723
The amount of of of of write down of of of of inventories inventories recognised as as an an an expense in in in fin in cost of of of of sales was Rs Rs Rs Rs Rs Rs 33 4m (2019: (2019: (2019: Rs Rs Rs Rs Rs Rs 13 1m) for for the the Group and Rs Rs Rs Rs Rs Rs 6m (2019: (2019: (2019: Rs Rs Rs Rs Rs Rs 7 9m) for for for for the the the the Company Company Included in in in fin in finished goods are inventories inventories carried at net realisable value of of of of Rs Rs Rs Rs Rs Rs 9m 9m (2019: (2019: (2019: Rs Rs Rs Rs Rs Rs nil) for for for the the the Group and for for for the the the Company Company 2020
Rs’000 253 091
- - 31 991
99 455
43 747
428 284
2020
Rs’000 147 947
203 143 113 565
27 648
24 022 27 736
544 061
2019 Rs’000 322 182 - - 26 246 89 375