Alumex PLC
Interim Report
Third Quarter
Nine Months Ended 31 st December, 2021
ALUMEX PLC | Page 1
Income Statements
For the period ended 31st December, 2021
Consolidated | Consolidated | Consolidated | ||||||||||||||||
Audited | Unaudited | Unaudited | Unaudited | Unaudited | ||||||||||||||
year ended | 9 months to | 9 months to | 3 months to | 3 months to | ||||||||||||||
31.03.21 | 31.12.21 | 31.12.20 | Change | 31.12.21 | 31.12.20 | Change | ||||||||||||
Rs.'000 | Rs.'000 | Rs.'000 | % | Rs.'000 | Rs.'000 | % | ||||||||||||
6,021,532 | Revenue | 6,338,586 | 3,893,104 | 63 | 2,411,096 | 1,531,042 | 57 | |||||||||||
(4,311,900) | Cost of sales | (4,867,300) | (2,883,606) | 69 | (1,826,764) | (1,107,878) | 65 | |||||||||||
Gross profit | 46 | 38 | ||||||||||||||||
1,709,632 | 1,471,286 | 1,009,498 | 584,333 | 423,164 | ||||||||||||||
43,708 | Other income | 20,289 | 20,762 | (2) | 6,723 | 3,968 | 69 | |||||||||||
(191,273) | Distribution expenses | (168,484) | (122,249) | 38 | (58,996) | (34,239) | 72 | |||||||||||
(329,412) | Administrative expenses | (413,579) | (218,572) | 89 | (149,925) | (61,781) | >100 | |||||||||||
1,232,655 | Results from operating activities | 909,512 | 689,439 | 32 | 382,136 | 331,111 | 15 | |||||||||||
44,801 | Finance Income | 13,494 | 18,094 | (25) | 2,090 | 6,579 | (68) | |||||||||||
(255,158) | Finance Costs | (170,347) | (193,482) | (12) | (55,205) | (41,500) | 33 | |||||||||||
(210,357) | Net finance costs | (156,853) | (175,388) | (11) | (53,115) | (34,921) | 52 | |||||||||||
1,022,298 | Profit before tax | 752,659 | 514,051 | 46 | 329,021 | 296,191 | 11 | |||||||||||
(181,287) | Tax (expense)/Reversal | (131,260) | (162,761) | (19) | (58,104) | (95,801) | (39) | |||||||||||
841,011 | Profit for the period | 621,399 | 351,290 | 77 | 270,917 | 200,389 | 35 | |||||||||||
Attributable to: | ||||||||||||||||||
841,011 | Owners of the Company | 621,399 | 351,290 | 77 | 270,917 | 200,389 | 35 | |||||||||||
Earnings per share | ||||||||||||||||||
1.40 | Basic earnings per share (Rs.) | 1.04 | 0.59 | 0.45 | 0.33 | |||||||||||||
Statements of Comprehensive Income | ||||||||||||||||||
Consolidated | Consolidated | Consolidated | ||||||||||||||||
Audited | Unaudited | Unaudited | Unaudited | Unaudited | ||||||||||||||
year ended | 9 months to | 9 months to | 3 months to | 3 months to | ||||||||||||||
31.03.21 | 31.12.21 | 31.12.20 | Change | 31.12.21 | 31.12.20 | Change | ||||||||||||
Rs.'000 | Rs.'000 | Rs.'000 | % | Rs.'000 | Rs.'000 | % | ||||||||||||
841,011 | Profit for the Period | 621,399 | 351,290 | 77 | 270,917 | 200,389 | 35 | |||||||||||
Other Comprehensive income | ||||||||||||||||||
5,106 | Actuarial gains /(losses) on defined benefit plans | - | - | - | - | - | ||||||||||||
(906) | Income tax effect on actuarial gains /(losses) | - | - | - | - | - | ||||||||||||
- | Revaluation of land | - | - | - | - | - | ||||||||||||
60,860 | Income tax effect on revaluation surplus | - | ||||||||||||||||
65,060 | Other comprehensive income for the period, net of ta | - | - | - | - | - | ||||||||||||
906,071 | Total comprehensive income for the period, net of ta | 621,399 | 351,290 | 77 | 270,917 | 200,389 | 35 | |||||||||||
Attributable to | ||||||||||||||||||
906,071 | Owners of the parent | 621,399 | 351,290 | 270,917 | 200,389 | |||||||||||||
ALUMEX PLC | Page 2
Income Statements
For the period ended 31st December, 2021
Company | Company | Company | |||||||||||||||||
Audited | Unaudited | Unaudited | Unaudited | Unaudited | |||||||||||||||
year ended | 9 months to | 9 months to | 3 months to | 3 months to | |||||||||||||||
31.03.21 | 31.12.21 | 31.12.20 | Change | 31.12.21 | 31.12.20 | Change | |||||||||||||
Rs.'000 | Rs.'000 | Rs.'000 | % | Rs.'000 | Rs.'000 | % | |||||||||||||
5,562,394 | Revenue | 5,928,777 | 3,616,068 | 64 | 2,216,954 | 1,415,803 | 57 | ||||||||||||
(4,100,334) | Cost of sales | (4,594,245) | (2,736,207) | 68 | (1,671,287) | (1,047,534) | 60 | ||||||||||||
Gross profit | 52 | 48 | |||||||||||||||||
1,462,060 | 1,334,533 | 879,861 | 545,667 | 368,269 | |||||||||||||||
225,083 | Other income | 19,883 | 202,869 | (90) | 6,317 | 183,968 | (97) | ||||||||||||
(185,072) | Distribution expenses | (159,604) | (118,257) | 35 | (52,923) | (32,581) | 62 | ||||||||||||
(326,741) | Administrative expenses | (400,250) | (216,787) | 85 | (147,227) | (62,649) | 135 | ||||||||||||
1,175,330 | Results from operating activities | 794,562 | 747,686 | 6 | 351,834 | 457,007 | (23) | ||||||||||||
43,449 | Finance Income | 13,426 | 17,720 | (24) | 2,067 | 6,343 | (67) | ||||||||||||
(264,901) | Finance Costs | (165,244) | (205,468) | (20) | (54,481) | (43,657) | 25 | ||||||||||||
(221,452) | Net finance costs | (151,818) | (187,748) | (19) | (52,414) | (37,314) | 40 | ||||||||||||
953,878 | Profit before tax | 642,744 | 559,939 | 15 | 299,420 | 419,693 | (29) | ||||||||||||
(137,266) | Tax (expense)/Reversal | (113,911) | (133,324) | (15) | (52,186) | (82,927) | (37) | ||||||||||||
816,612 | Profit for the period | 528,833 | 426,615 | 24 | 247,234 | 336,765 | (27) | ||||||||||||
Attributable to: | |||||||||||||||||||
Owners of the Company | 528,833 | 426,615 | 24 | 247,234 | 336,765 | (27) | |||||||||||||
Earnings per share | |||||||||||||||||||
1.36 | Basic earnings per share (Rs.) | 0.88 | 0.71 | 0.41 | 0.56 | ||||||||||||||
Statements of Comprehensive Income | |||||||||||||||||||
Company | Company | Company | |||||||||||||||||
Audited | Unaudited | Unaudited | Unaudited | Unaudited | |||||||||||||||
year ended | 9 months to | 9 months to | 3 months to | 3 months to | |||||||||||||||
31.03.21 | 31.12.21 | 31.12.20 | Change | 31.12.21 | 31.12.20 | Change | |||||||||||||
Rs.'000 | Rs.'000 | Rs.'000 | % | Rs.'000 | Rs.'000 | % | |||||||||||||
816,612 | Profit for the Period | 528,833 | 426,615 | 24 | 247,234 | 336,765 | (27) | ||||||||||||
Other Comprehensive income | |||||||||||||||||||
1,364 | Actuarial gains /(losses) on defined benefit plans | - | - | - | - | - | |||||||||||||
(242) | Income tax effect on actuarial gains /(losses) | - | - | - | - | - | |||||||||||||
- | Revaluation of land | - | - | - | - | - | |||||||||||||
60,623 | Income tax effect on revaluation surplus | - | |||||||||||||||||
61,745 | Other comprehensive income for the period, net of ta | - | - | - | - | - | |||||||||||||
878,357 | Total comprehensive income for the period, net of ta | 528,833 | 426,615 | 24 | 247,234 | 336,765 | (27) | ||||||||||||
Attributable to | |||||||||||||||||||
Owners of the parent | 528,833 | 426,615 | 247,234 | 336,765 | |||||||||||||||
ALUMEX PLC | Page 3
Statements of Financial Position
Consolidated | Company | Consolidated | Company | |||||||||||||
Audited | Audited | Unaudited | Unaudited | Unaudited | Unaudited | |||||||||||
as at | as at | as at | as at | as at | as at | |||||||||||
31.03.21 | 31.03.21 | 31.12.21 | 31.12.20 | 31.12.21 | 31.12.20 | |||||||||||
Rs.'000 | Rs.'000 | Notes | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | ||||||||||
ASSETS | ||||||||||||||||
Non - current assets | ||||||||||||||||
3,746,042 | 3,540,963 | Property, plant & equipment | 4,061,333 | 3,645,019 | 3,857,011 | 3,424,581 | ||||||||||
198,325 | 198,325 | Right of use asset/Lease Asset | 226,482 | 29,700 | 226,482 | 29,700 | ||||||||||
101,490 | 101,490 | Intangible assets | 104,690 | 66,957 | 104,690 | 66,957 | ||||||||||
- | 30,000 | Investments in subsidiaries | - | 30,000 | 30,000 | |||||||||||
4,045,857 | 3,870,778 | Total non-current assets | 4,392,505 | 3,741,675 | 4,218,183 | 3,551,238 | ||||||||||
Current assets | ||||||||||||||||
1,898,202 | 1,670,701 | Inventories | 3,569,029 | 1,724,810 | 3,071,089 | 1,509,548 | ||||||||||
1,029,821 | 877,895 | Trade and other receivables | 609,112 | 904,945 | 479,999 | 683,494 | ||||||||||
173,549 | 166,702 | Advances and prepayments | 1,045,833 | 23,169 | 999,806 | 83,802 | ||||||||||
- | - | Income tax recoverable | 981 | 25,424 | - | 25,424 | ||||||||||
526,970 | 469,230 | Cash & cash equivalents | 725,864 | 341,471 | 713,518 | 327,146 | ||||||||||
3,628,542 | 3,184,528 | Total current assets | 5,950,819 | 3,019,819 | 5,264,412 | 2,629,414 | ||||||||||
7,674,399 | 7,055,306 | Total assets | 10,343,324 | 6,761,495 | 9,482,595 | 6,180,652 | ||||||||||
EQUITY AND LIABILITIES | ||||||||||||||||
283,735 | 283,735 | Stated capital | 4 | 283,735 | 283,735 | 283,735 | 283,735 | |||||||||
228,056 | 228,056 | Capital reserves | 228,056 | 228,056 | 228,056 | 228,056 | ||||||||||
634,539 | 601,889 | Other components of equity | 630,575 | 575,000 | 597,925 | 542,587 | ||||||||||
1,827,320 | 1,125,965 | Revenue reserves | 2,213,238 | 1,571,519 | 1,419,319 | 972,966 | ||||||||||
Total equity attributable to | ||||||||||||||||
2,973,650 | 2,239,645 | owners of the parent | 3,355,604 | 2,658,310 | 2,529,035 | 2,027,344 | ||||||||||
- | - | Non- controlling interest | - | - | - | - | ||||||||||
2,973,650 | 2,239,645 | Total Equity | 3,355,604 | 2,658,310 | 2,529,035 | 2,027,344 | ||||||||||
Non - current liabilities | ||||||||||||||||
823,025 | 823,025 | Interest bearing borrowings | 833,756 | 1,007,362 | 833,756 | 1,007,362 | ||||||||||
186,843 | 186,843 | Non Current Portion of Lease Liabilities | 232,794 | 27,587 | 232,794 | 27,587 | ||||||||||
140,332 | 128,639 | Employee benefit obligations | 155,964 | 137,129 | 142,239 | 122,633 | ||||||||||
244,214 | 241,633 | Deferred tax liability | 213,095 | 353,575 | 218,016 | 349,383 | ||||||||||
1,394,414 | 1,380,140 | Total non-current liabilities | 1,435,608 | 1,525,654 | 1,426,805 | 1,506,965 | ||||||||||
Current liabilities | ||||||||||||||||
1,619,538 | 1,785,924 | Trade and other payables | 2,302,814 | 1,459,174 | 2,452,536 | 1,546,284 | ||||||||||
736,650 | 736,650 | Current portion of long term interest bearing borrowings | 755,004 | 735,400 | 755,004 | 735,400 | ||||||||||
18,629 | 18,629 | Current Portion of Lease Liability | 17,301 | 14,376 | 17,301 | 14,376 | ||||||||||
869,962 | 855,249 | Short-term interest bearing borrowings | 2,325,029 | 339,591 | 2,167,169 | 337,951 | ||||||||||
- | - | Other current financial liabilities | - | 408 | - | 181 | ||||||||||
15,074 | 13,181 | Provisions | 18,266 | 14,013 | 16,207 | 12,151 | ||||||||||
46,482 | 25,888 | Income tax payable | 133,697 | 14,569 | 118,537 | - | ||||||||||
3,306,335 | 3,435,521 | Total current liabilities | 5,552,111 | 2,577,531 | 5,526,754 | 2,646,343 | ||||||||||
Total liabilities | ||||||||||||||||
4,700,749 | 4,815,661 | 6,987,719 | 4,103,185 | 6,953,559 | 4,153,308 | |||||||||||
Total equity and liabilities | ||||||||||||||||
7,674,399 | 7,055,306 | 10,343,324 | 6,761,495 | 9,482,595 | 6,180,652 |
The Financial Position as at 31st December, 2021 and Income Statements ,Statements of Comprehensive Income, Changes in Equity and Cash Flow for the three months then ended are drawn up from the unaudited financial statements of the Company, its Subsidiaries and they provide the information required by the Colombo Stock Exchange.
It is certified that the Financial Statements have been prepared in compliance with the requirements of the Companies Act no 7 of 2007 .
Sgd
R P P K Rajapaksha
Director / Chief Financial Officer
Signed for and on behalf of the Board
Sgd | Sgd |
A M Pandithage | D W P N Dediwela |
Chairman | Managing Director |
3rd February 2022 |
ALUMEX PLC | Page 4
Statements of Changes in Equity
For the period ended 31st December, 2021
Consolidated
Attributable to owners of the parent | ||||||
Stated | Capital | Revaluation | Retained | Shareholders' | Total | |
capital | reserve | reserve | earnings | Funds | Equity | |
Rs. '000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | |
Balance as at 1st at April, 2021 | 283,735 | 228,056 | 634,539 | 1,827,318 | 2,973,648 | 2,973,648 |
Profit for the period | - | - | - | 621,399 | 621,399 | 621,399 |
Other Comprehensive income | ||||||
Actuarial gains / (losses) on defined benefit plans | - | - | - | - | - | - |
Income tax effect on actuarial gains / (losses) | - | - | - | - | - | - |
Revaluation of land | - | - | - | - | - | - |
Total other comprehensive income | - | - | - | - | - | - |
Total Comprehensive income for the period | - | - | - | 621,399 | 621,399 | 621,399 |
Transactions with owners, recorded directly in equity | ||||||
Dividends to equity holders | - | - | - | (239,442) | (239,442) | (239,442) |
Transfers | (3,964) | 3,964 | - | - | ||
Total contributions by and distributions to owners | - | - | (3,964) | (235,478) | (239,442) | (239,442) |
Balance as at 31st December 2021 | 283,735 | 228,056 | 630,575 | 2,213,238 | 3,355,604 | 3,355,604 |
Balance as at 1st at April, 2020 | 283,735 | 228,056 | 578,964 | 1,291,091 | 2,381,846 | 2,381,846 |
Profit for the period | - | - | - | 351,290 | 351,290 | 351,290 |
Other Comprehensive income | ||||||
Actuarial gains / (losses) on defined benefit plans | - | - | - | - | - | |
Income tax effect on actuarial gains / (losses) | - | - | - | - | - | |
Total other comprehensive income | - | - | - | - | - | - |
Total Comprehensive income for the period | - | - | - | 351,290 | 351,290 | 351,290 |
- | - | |||||
Transactions with owners, recorded directly in equity | ||||||
Dividends to equity holders | - | - | - | (74,826) | (74,826) | (74,826) |
Recovery for the period | - | - | - | - | - | - |
Transfers | - | (3,964) | 3,964 | - | - | |
Total contributions by and distributions to owners | - | - | (3,964) | (70,862) | (74,826) | (74,826) |
Balance as at 31st December 2020 | 283,735 | 228,056 | 575,000 | 1,571,519 | 2,658,310 | 2,658,310 |
ALUMEX PLC | Page 5
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Alumex plc published this content on 07 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 February 2022 02:27:07 UTC.