Khmer
Annual Report 2023 (Unofficial Translation)
In FY 2022, Phnom Penh Water Supply Authority (PPWSA) generated revenues amounting to KHR346,178,156,000 decreased by KHR22,967,101,000 or 6.22% year on year and profit for the financial period amounting to KHR108,185,865,000 decreased by KHR21,088,052,000 or 16.31% year on year. As at 31 December 2022, PPWSA has total assets of KHR2,684,135,875,000 increased by KHR377,329,701,000 or 16.36% and total equity of KHR1,272,213,047,000 increased by KHR 105,584,834,000 or 9.05%.
The significant financial ratios in FY 2022:
| 1. Liquidity ratios: | |
| 1.1 Current ratio: | 2.60 times |
| 1.2 Quick ratio: | 1.51 times |
| 2. Profitability ratios: | |
| 2.1 Return on assets: | 4.33 % |
| 2.2 Return on equity: | 9.50 % |
| 2.3 Gross profit margin: | 38.33 % |
| 2.4 Profit margin: | 32.29 % |
| 2.5 Earnings per share: | KHR 1,455.73 |
| 3. Interest coverage ratio: | 42.59 times |
In the fiscal year 2024, PPWSA plans to produce 311,224,300m3 of clean water, expand 488,450m of additional distribution network, and generate total revenues of KHR470,600,692,000 with total expenses of KHR284,634,638,000 as approved by the Board and the 2 parent ministries.
PPWSA please refer to below justification for the reclassification in presentation that change in the FY 2022 as follow:
In the current year (2023), the unrealised foreign exchange gain and unrealised foreign exchange loss on borrowings have been excluded from finance income and finance cost, respectively, and presented as "Foreign exchange gain/loss - net" in the Statement of Profit or loss, which is different from the presentation in 2022 report wherein those unrealised foreign exchange gain and loss was included in the Finance income and Finance cost, respectively. Thus, for the comparative purpose, the unrealised foreign exchange gain/loss was amended to be presented in net amount in the foreign exchange gain/loss to conform to the current year presentation.
The change in the presentation is to comply with the appropriate accounting standard CIAS 23: Borrowing cost, which resulted in the change in the comparative figures previously presented, as disclosed in Note 30 to the financial statements. The 2022 report will not be reissued since the amount was deemed to be immaterial.
In the current year (2023), balances with national treasury have been reclassified from cash and cash equivalents to trade and other receivables instead to reflect its nature based on CIAS 7: Statement of cash flow. The reason is that the management do not use/collect cash from national treasury for daily usage/operation. In this case, those balances with national treasury do not fall under the definition of cash and cash equivalents as per CIAS 7. The 2022 report will not be reissued since the amount was deemed to be immaterial.
PPWSA_Annual Report 2023 (Khmer Version)
PPWSA_Annual Report 2023 (English Version)
