Trimetys Group - Annual Report 2020

Financial review

Financial highlights

REVENUE RS' 000

OPERATING PROFIT RS' 000

500,000

48,800

50,000

400,000

5,244

-

300,000

(1,401)

(50,000)

200,000

(60,527)

(100,000)

100,000

(114,542)

(150,000)

Revenue

Operating profit

2020

2019 2018 2017 2016

2020

2019 2018 2017 2016

TOTAL ASSETS RS M

GEARING %

5,000

60%

4,368

54.72%

4,000

44.35%

3,538

3,890

3,276

2,918

2,999

40%

3,000

36.90%

28.75%

2,000

20%

1,000

14.50%

13.99%

0

Total assets

Gearing

2020*

2019 2018

2017 2016

2020*

2019 2018

2017 2016

*The landbankof CapTamarinwas revalued from Rs 1.4bn to Rs 1.9bn in 2020. Being accounted as inventory, this revaluation is not reflected in the asset base in the accounts of 2020, which would stand at Rs 4.4bn.

*In line with the unrecognised revalution of the land bank, the gearing is impacted by the correspondingunrecognised equity revaluation gain in 2020 which would result in a gearing of 44.35% instead.

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