Page 235 - UBP - IR2020

FINANCIAL STATEMENTS
Notes to the financial statements
For the year ended June 30 2020
34 OPERATING LEASE COMMITMENTS
Future minimum rentals payable under operating leases are as as follows:
Within one year After one year year and before two years After two years years and before five years years 35 HOLDING COMPANY
THE GROUP
THE COMPANY
2019 Rs’000 511 - - 511 2020
Rs’000 - - - - 2020
Rs’000 - - - - 2019 Rs’000 3 195 3 179 10 146 16 520
The Directors regard IBL IBL Ltd incorporated in in in Mauritius as the holding company Its registered address is is is 4th Floor IBL IBL House Caudan Waterfront Port Louis 36 EVENTS AFTER REPORTING DATE
37 There have been no other material events after the the the the reporting date which require disclosure or or or adjustment to the the the the financial statements
for the the year ended June 30 2020
SEGMENTAL INFORMATION
Operating segment information
The Building materials materials segment is is involved in in in in in in in the manufacture and and and sale of of building building materials materials which which consists principally of of aggregates rocksand hollow concrete concrete blocks and and and various concrete concrete building building components which which constitutes our core business The retail business under the the Building materials segment consist of of of of the the sale of of of of roof tiles tiles imported floor and and and wall tiles tiles sanitary ware and and a a a a a a a a a a complete range of of home building products and and garden accessories The Agriculture segment is involved in in in the cultivation of sugar cane vegetables plants and and landscaping services Management monitors the the operating operating results of of o its its business units separately for for for the the purpose of of o making decisions about resource allocation and and performance performance assessment Segment performance performance is is is is evaluated based on on on on on on operating operating operating profit profit or or or or or or loss loss and and is is is is measured consistently with operating profit or or or loss in in fin the consolidated financial statements
Transfer prices between operating segments are on on an an an an arm’s length basis in in a a a a a a a a a a a a manner similar to transactions with third parties 2020
THE GROUP
Agriculture Rs’000 118 633 (31 381)
UBP INTEGRATED REPORT 2020
- 235
Retail Rs’000 Revenue 862 626
Core business Rs’000 2 2 115 321 35 364 (6 250)
(29 114) (24 933) 4 181 (3 947) 234 Operating profit/(loss)
Net finance costs
Share of of results of of associates (Loss)/profit before taxation
Income tax expense
(Loss)/profit after taxation
Non-controlling interests
(Loss)/profit for the the year attributable to the the parent
3 018 (12 899) - (9 881) (910) (10 791) - (10 791) (8 826) --
Building materials Consolidation adjustments
Rs’000 (217 375) 73 566
(12 669) 7 7 780 68 677 - 68 677 - 68 677 Total
Rs’000 2 2 879 205 80
567 (40 644) 7 7 780 47 703 (25 843) 21 860 (3 947) 17 913
(40 207) - (40 207) - (40 207) FINANCIAL CAPITAL CORPORATE MANAGEMENT STATEMENTS
REPORTS GOVERNANCE APPROACH
ABOUT US INTRODUCTION