Financial highlight - DHI

Financial Highlight


It is well known that the pandemic has hit the economies worldwide and the livelihood of the people to the core, Bhutan being no exception. While efforts have been made to adapt in the face of truly unprecedented crisis, nevertheless, the group suffered financially.

The Group’s revenue declined by 12.51% to Nu. 34,676.51 million, expenditures by 3.45% and profit after tax by 45.48%. The key financial highlights of the Group and DHI’s standalone accounts for the FY2020 is summarized in the table below. 

Financial Highlight of 2020
In FY2020, the Group’s total assets increased by 10.10% (Nu. 20,531.38 M) and the net worth decreased marginally by 0.18% (Nu. 171.15 M). The increase in assets was mainly on account of increase in ‘short term deposits’ (by 161.25% or Nu. 18,007.72 M), ‘capital works in progress’ (by 14.09% or Nu. 1,923.54 M), ‘property plant and equipment’ (by 1.09% or Nu. 1,042.88 M), and ‘advance to Ministry of Finance’ (by 35.28% or Nu. 1,182.00 M).
Financial Highlight of 2019
In FY2019, the Group’s total assets increased by 13.06% (Nu. 23,469.24 M) and the net worth by 5.91% (Nu. 5,359.28 M) respectively. The increase in assets was mainly on account of increase in ‘capital works in progress’ (by 18.36% or Nu. 2,117.51 M), ‘investments’ (by 27.48% or Nu. 1,411.45 M), ‘long term financial assets’ (by 151.55% or Nu. 3,287.95 M), and ‘banking loans and advances’ (by 32.29% or Nu. 11,359.83 M).


Particulars

Group

(million Nu.)

%

DHI standalone

(million Nu.)

%


2020

2019

Variance

2020

2019

Variance

Total Assets

223,738.70

203,207.32

10.10%

66,150.82

66,819.11

2.05%

Net Worth

95,893.61

96,064.76

-0.18%

63,681.35

62,372.90

2.10%

Income

34,676.51

39,632.93

-12.51%

7,443.52

7,224.17

3.04%

Expenditure

25,462.79

26,374.03

-3.46%

701.07

127.23

451.03%

PBT

9,213.72

13,258.90

-30.51%

6,742.45

7,096.94

-4.99%

Tax

5,557.60

6,552.93

-15.19%

2,089.84

2,132.38

-1.99%

PAT

3,656.12

6,705.97

-45.48%

4,652.61

4,964.56

-6.28%

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Druk Holding & Investments Limited.