CARSON CUMBERBATCH PLC
Condensed Interim Financial Statements For the period ended 30th June 2022
Company Statement of Income
Unaudited Financial Statements for the period ended 30th June 2022 (Amounts expressed in Sri Lankan Rs. '000)
3M 2022 | 3M 2021 | Change | |
% | |||
Revenue | 709,843 | 7,050 | 9,969 |
Direct operating expenses | - | - | |
709,843 | 7,050 | 9,969 | |
Items of income | |||
Change in fair value of fair value through profit or loss | |||
financial assets | (2,020) | 3,096 | (165) |
Items of expenses | |||
Administrative expenses | (24,736) | (15,133) | 63 |
Foreign exchange losses | (30,486) | (3,624) | 741 |
Profit / (loss) before net finance costs | 652,601 | (8,611) | (7,679) |
Net finance costs | (88,725) | (42,400) | 109 |
Profit / (loss) before tax | 563,876 | (51,011) | (1,205) |
Income tax expenses | |||
Current taxation | - | - | - |
Profit / (loss) for the period | 563,876 | (51,011) | (1,205) |
Other Comprehensive Income | |||
Equity investments at FVOCI - net change in fair value | (430,835) | (137,978) | 212 |
Other comprehensive expenses for the period, (net of tax) | (430,835) | (137,978) | 212 |
Total comprehensive income / (expenses) for the period, | |||
(net of tax) | 133,041 | (188,989) | (170) |
Basic earnings/(loss) per share (Rs.) | 2.87 | (0.26) | (1,205) |
Dividend per ordinary share (Rs.) | 1.50 | - | - |
Figures in brackets indicate deductions.
The notes on pages 10 to 21 form an integral part of these financial statements. 10th August 2022
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Carson Cumberbatch PLC | Condensed Interim Financial Statements - For the period ended 30th June 2022
Company Statement of Financial Position
Unaudited Financial Statements for the period ended 30th June 2022 (Amounts expressed in Sri Lankan Rs. '000)
As at | As at | |
30.06.2022 | 31.03.2022 | |
(Unaudited) | (Audited) | |
ASSETS | ||
Non - Current Assets | ||
Investments in subsidiaries | 9,346,217 | 9,346,217 |
Investment in equity securities | 4,928,496 | 5,359,331 |
Total non - current assets | 14,274,713 | 14,705,548 |
Current Assets | ||
Trade receivables | 355,577 | 216,890 |
Other non financial receivables | 22,570 | 7,323 |
Current tax recoverable | 945 | 945 |
Investment in equity securities | 89,901 | 91,920 |
Cash and cash equivalents | 1,079,342 | 539,134 |
Total current assets | 1,548,335 | 856,212 |
Total assets | 15,823,048 | 15,561,760 |
EQUITY AND LIABILITIES | ||
EQUITY | ||
Stated capital | 1,114,652 | 1,114,652 |
Capital reserves | 287,552 | 287,552 |
Revenue reserves | 11,292,444 | 11,453,983 |
Total equity | 12,694,648 | 12,856,187 |
LIABILITIES | ||
Non - Current Liabilities | ||
Loans and borrowings | 504,167 | 560,417 |
Total non - current liabilities | 504,167 | 560,417 |
Current Liabilities | ||
Other financial payables | 328,548 | 295,900 |
Proposed dividend | 294,580 | - |
Loans and borrowings | 2,001,105 | 1,849,256 |
Total current liabilities | 2,624,233 | 2,145,156 |
Total liabilities | 3,128,400 | 2,705,573 |
Total equity and liabilities | 15,823,048 | 15,561,760 |
Net assets per ordinary share (Rs.) | 64.64 | 65.46 |
I certify that these financial statements are in compliance with the requirements of Companies Act No. 7 of 2007.
Sgd.
A. P. Weeratunge
Director
Carsons Management Services (Pvt) Ltd.
The Board of Directors is responsible for the preparation and presentation of these financial statements. These financial statements were approved by the Board on 10th August 2022.
Sgd | Sgd. |
M. Selvanathan | D. C. R. Gunawardena |
Director | Director |
The Notes from pages 10 to 21 form an integral part of these financial statements
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Company Statement of Changes in Equity
Unaudited Financial Statements for the period ended 30th June 2022 (Amounts expressed in Sri Lankan Rs. '000)
Stated | Capital | Revenue | Total | |
Capital | Reserve | Reserve | Equity | |
Balance as at 31st March 2022(Audited) | 1,114,652 | 287,552 | 11,453,983 | 12,856,187 |
Profit for the period | - | - | 563,876 | 563,876 |
Other comprehensive expenses for the period | - | - | (430,835) | (430,835) |
Total Comprehensive income for the period | - | - | 133,041 | 133,041 |
- | - | |||
Ordinary dividend paid | - | - | (294,580) | (294,580) |
Total Contributions by and distributions to owners | - | - | (294,580) | (294,580) |
Balance as at 30th June 2022 (Unaudited) | 1,114,652 | 287,552 | 11,292,444 | 12,694,648 |
Balance as at 31st March 2021 (Audited) | 1,114,652 | 287,552 | 11,279,531 | 12,681,735 |
Loss for the period | - | - | (51,011) | (51,011) |
Other comprehensive expenses for the period | - | - | (137,978) | (137,978) |
Total Comprehensive expenses for the period | - | - | (188,989) | (188,989) |
Total Contributions by and distributions to owners | - | - | - | - |
Balance as at 30th June 2021 (Unaudited) | 1,114,652 | 287,552 | 11,090,542 | 12,492,746 |
The Notes from pages 10 to 21 form an integral part of these financial statements
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Carson Cumberbatch plc published this content on 15 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2022 11:32:10 UTC.