ACL CABLES PLC INTERIM FINANCIAL STATEMENTS
FOR THE NINE MONTHS ENDED 31 DECEMBER 2022
UNAUDITED
ACL CABLES PLC (PQ 102)
ACL CABLES PLC
STATEMENT OF PROFIT OR LOSS - GROUP
Unaudited
(all amounts in Sri Lanka Rupees thousands)
For the period ended
Revenue from contracts with customers
Cost of Sales
Gross Profit
Other income
Distribution costs
Administrative costs
Operating Profit
Finance costs - net
Share of (loss)/profit of investments accounted for using the equity method
Profit Before Income Tax
Income tax expenses
Profit for the Period
Profit attributable to :
- Owners of the parent
- Non-controllinginterests
Earnings per share (Rs.)
Quarter ended | Period ended | ||
31 December | 31 December | ||
2022 | 2021 | 2022 | 2021 |
6,540,558 | 9,371,116 | 23,468,124 | 25,198,380 |
(4,243,979) | (6,896,345) | (14,057,794) | (19,683,564) |
2,296,579 | 2,474,771 | 9,410,330 | 5,514,816 |
117,096 | 3,608 | 148,978 | 40,575 |
(440,794) | (369,453) | (1,206,641) | (978,097) |
(233,216) | (170,461) | (726,396) | (622,756) |
1,739,665 | 1,938,465 | 7,626,271 | 3,954,538 |
(62,469) | (116,796) | 376,047 | (502,814) |
28,112 | 60,237 | 72,852 | 135,829 |
1,705,308 | 1,881,907 | 8,075,170 | 3,587,554 |
(460,486) | (331,081) | (1,684,311) | (645,857) |
1,244,822 | 1,550,826 | 6,390,859 | 2,941,697 |
1,054,601 | 1,316,541 | 5,543,767 | 2,471,146 |
190,221 | 234,286 | 847,092 | 470,551 |
1,244,822 | 1,550,826 | 6,390,859 | 2,941,697 |
4.40 | 5.50 | 23.14 | 10.31 |
Page 1
ACL CABLES PLC
STATEMENT OF PROFIT OR LOSS -COMPANY
Unaudited
(all amounts in Sri Lanka Rupees thousands)
For the period ended
Revenue from contracts with customers Cost of Sales
Gross Profit
Other income
Distribution costs
Administrative costs
Operating Profit
Finance costs - net
Profit Before Income Tax
Income tax expenses
Profit for the Period
Quarter ended | Period ended | ||
31 December | 31 December | ||
2022 | 2021 | 2022 | 2021 |
3,276,589 | 4,954,467 | 12,661,717 | 13,953,231 |
(2,404,895) | (4,031,660) | (8,732,534) | (11,813,443) |
871,694 | 922,807 | 3,929,183 | 2,139,788 |
87,650 | 29,883 | 210,325 | 155,931 |
(253,203) | (215,836) | (697,366) | (579,069) |
(53,110) | (63,141) | (151,624) | (161,220) |
653,031 | 673,713 | 3,290,518 | 1,555,430 |
(176,956) | (77,416) | (448,549) | (296,779) |
476,075 | 596,297 | 2,841,969 | 1,258,651 |
(106,263) | (109,363) | (569,328) | (226,289) |
369,812 | 486,934 | 2,272,641 | 1,032,362 |
Earnings per share (Rs.) | 1.54 | 2.03 | 9.49 | 4.31 |
Page 2
ACL CABLES PLC
STATEMENT OF COMPREHENSIVE INCOME
Unaudited | ||||||
(all amounts in Sri Lanka Rupees thousands) | ||||||
(A) | Group | |||||
Quarter ended | Period ended | |||||
31 December | 31 December | |||||
For the period ended | 2022 | 2021 | 2022 | 2021 | ||
- | ||||||
Profit for the period | 1,244,822 | 1,550,826 | 6,390,859 | 2,941,697 | ||
Other comprehensive income/(expenses) | ||||||
Fair value adjustment for FA at fair value through | ||||||
OCI | (13,451) | 11,956 | (10,195) | 32,602 | ||
Currency translation difference | (58,496) | - | 14,211 | - | ||
Other comprehensive income, | ||||||
net of tax | (71,947) | 11,956 | 4,016 | 32,602 | ||
Total comprehensive income, net of tax | ||||||
1,172,875 | 1,562,784 | 6,394,875 | 2,974,300 | |||
Total comprehensive income attributable to: | ||||||
- Owners of the parent | 987,263 | 1,324,896 | 5,550,877 | 2,493,574 | ||
- Non-controlling interests | 185,612 | 237,888 | 843,998 | 480,726 | ||
Total comprehensive income, net of tax | 1,172,875 | 1,562,784 | 6,394,875 | 2,974,300 | ||
(B) | COMPANY |
For the period ended
Profit for the Period
Other comprehensive income/(expenses) Fair value adjustment for FA at fair value through
OCI
Other comprehensive income, net of tax
Total comprehensive income, net of tax
Quarter ended | Period ended | ||
31 December | 31 December | ||
2022 | 2021 | 2022 | 2021 |
369,812 | 486,934 | 2,272,641 | 1,032,362 |
(1,434) | 372 | (1,305) | 3,362 |
(1,434) | 372 | (1,305) | 3,362 |
368,378 | 487,306 | 2,271,336 | 1,035,724 |
Page 3
ACL CABLES PLC
STATEMENT OF FINANCIAL POSITION
Unaudited | |||||
(all amounts in Sri Lanka Rupees thousands) | |||||
Group | Company | ||||
31 December | 31 March | 31 December | 31 March | ||
As at | 2022 | 2022 | 2022 | 2022 | |
ASSETS | |||||
Non-Current Assets | |||||
Property, plant and equipment | 5,268,027 | 5,483,037 | 1,945,793 | 2,026,750 | |
Capital Work in progress | 432,144 | 396,319 | 226,784 | 212,600 | |
Investment property | 1,229,400 | 1,229,400 | 539,400 | 539,400 | |
Intangible assets | 68,281 | 68,281 | - | - | |
Right- of- use assets | 27,805 | 28,754 | - | - | |
Investment in subsidiaries | - | - | 1,047,644 | 1,047,644 | |
Investments accounted for using the equity method | 618,325 | 555,749 | 345,093 | 345,093 | |
Financial assets at fair value through OCI | 536,759 | 546,954 | 12,380 | 13,685 | |
8,180,741 | 8,308,494 | 4,117,094 | 4,185,172 | ||
Current Assets | |||||
Inventories | 11,386,863 | 9,346,739 | 5,956,726 | 4,111,209 | |
Trade and other receivables | 7,666,795 | 8,366,612 | 4,396,397 | 5,294,273 | |
Cash and cash equivalents | 7,058,000 | 7,597,962 | 2,072,548 | 2,221,646 | |
26,111,658 | 25,311,313 | 12,425,671 | 11,627,128 | ||
TOTAL ASSETS | 34,292,399 | 33,619,808 | 16,542,765 | 15,812,301 | |
EQUITY AND LIABILITIES | |||||
Capital and Reserves | |||||
Stated capital | 299,488 | 299,488 | 299,488 | 299,488 | |
Capital reserve | 2,968,432 | 2,968,432 | 1,418,683 | 1,418,683 | |
General reserve | 1,123,825 | 1,123,825 | 680,266 | 680,266 | |
Fair value reserve of FA at FVOCI | 19,037 | 26,138 | 2,548 | 3,853 | |
Foreign currency translation reserve | (57,987) | (72,198) | - | - | |
Retained earnings | 18,375,335 | 13,071,145 | 7,591,237 | 5,558,172 | |
Equity attributable to owners of the parent | 22,728,130 | 17,416,830 | 9,992,222 | 7,960,462 | |
Non-controlling interests | 3,451,217 | 2,724,218 | - | - | |
Total equity | |||||
26,179,347 | 20,141,048 | 9,992,222 | 7,960,462 | ||
Non-Current Liabilities | |||||
Defined benefit obligations | 343,623 | 285,467 | 148,935 | 130,727 | |
Deferred tax liability | 440,480 | 409,981 | 195,633 | 195,633 | |
Lease liability | 25,263 | 26,613 | - | - | |
Borrowings | 910,293 | 1,507,284 | 511,383 | 956,854 | |
1,719,659 | 2,229,345 | 855,951 | 1,283,214 | ||
Current Liabilities | |||||
Trade and other payables | 3,279,941 | 6,384,719 | 3,259,288 | 3,223,321 | |
Borrowings | 2,698,616 | 4,504,006 | 2,309,754 | 3,200,192 | |
Lease Liability | 7,729 | 6,981 | - | - | |
Bank overdraft | 407,108 | 353,710 | 125,550 | 145,112 | |
6,393,394 | 11,249,416 | 5,694,592 | 6,568,625 | ||
Total Liabilities | 8,113,052 | 13,478,761 | 6,550,543 | 7,851,839 | |
Total Equity and Liabilities | 34,292,399 | 33,619,808 | 16,542,765 | 15,812,301 | |
Net asset value per share | 94.87 | 72.70 | 41.71 | 33.23 | |
Highest and Lowest Market Price recorded during the quarter; | |||||
Highest price (Rs.) | 115.00 | 130.00 | |||
Lowest price (Rs.) | 61.50 | 54.00 | |||
Last traded price (Rs.) | 70.10 | 57.00 |
It is certified that these financial statements have been prepared in compliance with the requirements of Companies Act, No. 07 of 2007.
Sg.d
Mahesh Amarasiri
Group Chief Financial Officer
Sg.d | Sg.d |
U. G. Madanayake | Suren Madanayake |
Chairman | Managing Director |
13 February 2023 | |
Colombo |
Page 4
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
ACL Cables plc published this content on 14 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 February 2023 11:09:26 UTC.
