Ambeon Capital : Interim Financial Statements as at 30-09-2022

Interim Financial Statements

Period Ended 30 September 2022

Corporate Information

Domicile & Legal FormAmbeon Capital PLC is a Public Limited Liability Company incorporated and domiciled in Sri Lanka. The registered office of the Company is located at No. 10, Gothami Road, Colombo 08.

Quoted on the Colombo Stock Exchange on the 17th May 2012 and Incorporated in Sri Lanka on 20th

September 2006

Principal Activity & Nature Investment Holding and Managing Company

of the Company

Company Reg. No.	PB 1090 PQ
Board of Directors	Mr. S E Gardiner	-	Chairman
	Mr. A L Devasurendra	-	Deputy Chairman
	Mr. P D J Fernando	-	Independent Non- Executive Director
	Mr. S H Amarasekera	- Non Independent Non- Executive Director
	Mr. R P Pathirana		Non Independent Non - Executive Director
	Mr. Y Kanagasabai	-	Independent Non- Executive Director
	Mr. R T Devasurendra	- Alternate Director to Mr. A L Devasurendra
Secretaries	MANAGERS & SECRETARIES (PVT) LTD
	No. 08, Tickell Road ,Colombo 08.
Auditors	ERNST & YOUNG
	Chartered Accountants, No. 201, De Saram	Place, Colombo 10.
Bankers	Seylan Bank PLC - Millennium Branch
	Pan Asia Banking Corporation PLC - Head Office
	National Development Bank PLC - Head Office
Contact Details	Registered Office
	No. 10, Gothami Road, Colombo 08.
	Telephone	- '[phone]
	Fax	- '[phone]
	Email	: [e-mail]
	Website	: www.ambeoncapital.com

1

AMBEON CAPITAL PLC AND ITS SUBSIDIARIES

STATEMENT OF PROFIT OR LOSS

	GROUP			COMPANY
For the Quater Ended 30th September,	2022			2021	% Change	2022	2021	% Change
	Un-Audited		Un-Audited		Un-Audited	Un-Audited
Continuing Operations	Rs 000		Rs 000		Rs 000	Rs 000
Revenue	4,287,481			3,571,801	20%	38,223	731	5128%
Direct Cost	(2,760,512)			(2,777,898)	-1%	-	-	-
Gross Profit					92%			5128%
1,526,969			793,903	38,223	731
Other Income	244,071			48,862	400%	10,397	76	13641%
Selling and Distribution Expenses	(167,473)			(109,120)	53%	-	-	-
Administrative Expenses	(424,193)			(235,817)	80%	(11,186)	(12,293)	-9%
Change in Fair Value of Financial Assets measured at fair value through
Profit or loss	174,719			306,604	-43%	18,663	-	-
Finance Cost	(529,547)			(92,665)	471%	(239,404)	(62,608)	282%
Profit /(Loss) Before Tax from Continuing Operations					-			-
824,546			711,768	(183,307)	(74,094)
Income Tax Expense	(135,049)			(99,527)	36%	-	-	-
Profit/(Loss) for the Period from Continuing Operations					-			-
689,497			612,241	(183,307)	(74,094)
Discontinued Operations
Loss after tax for the period from discontinued operations	-			(302,762)	-	-	-	-
Profit/(Loss) for the period
689,497			309,479		(183,307)	(74,094)
Profit/(Loss) Attributable to:
Equity Holders of the Company	417,328			82,944		(183,307)	(74,094)
Non - Controlling Interests	272,170			226,535		-	-
	689,497			309,479		(183,307)	(74,094)	-
Earnings/(Loss) per share
Basic	0.42			0.08		(0.18)	(0.07)
Diluted	0.42			0.08		(0.18)	(0.07)

The Notes form an integral part of these Financial Statements

Figures in brackets indicate deductions

2

AMBEON CAPITAL PLC AND ITS SUBSIDIARIES

STATEMENT OF OTHER COMPREHENSIVE INCOME

	GROUP			COMPANY
For the Quater Ended 30th September,	2022			2021		2022	2021
	Un-Audited		Un-Audited		Un-Audited		Un-Audited
	Rs 000		Rs 000		Rs 000		Rs 000
Profit/ (Loss) for the Period	689,497			309,479		(183,307)	(74,094)
Other Comprehensive Income
Other Comprehensive Income to be Reclassified to Profit or Loss in
Subsequent Year
Functional/ Foreign Currency Translation Difference	310			3		-	-
Reclassification adjustment made to foreign currency revaluation reserve due
to the disposal of subsidiary	-			93,038		-	-
Effect of Cashflow Hedge Accounting	-			4,900		-	-
Tax on Cashflow Hedge Accounting	-			(2,342)		-	-
Tax on Cashflow Hedge Accounting
Other Comprehensive Income to be Reclassified Not to Profit or	310			95,598		-		-
Loss in Subsequent Year
Change in Fair Value of Financial Assets Measured at FVOCI	72,664			(37,935)		-	-
	72,664			(37,848)		-		-
Total Other Comprehensive Income for the Period, Net of Tax
72,975			57,750		-		-
Total Comprehensive Income for the Period
762,472			367,230	(183,307)	(74,094)
Total Comprehensive Income Attributable to:
Equity Holders of the Company	476,650			111,390		(183,307)	(74,094)
Non - Controlling Interests	285,822			255,840		-	-
	762,472			367,230		(183,307)		(74,094)

3

AMBEON CAPITAL PLC AND ITS SUBSIDIARIES

STATEMENT OF PROFIT OR LOSS

	GROUP			COMPANY
For the Period Ended 30th September,	2022			2021	% Change	2022	2021	% Change
	Un-Audited		Un Audited		Un-Audited	Un Audited
Continuing Operations	Rs 000		Rs 000		Rs 000	Rs 000
Revenue	8,060,128			6,085,041	32%	61,730	14,799	317%
Direct Cost	(5,431,426)			(4,550,801)	19%	-	-	-
Gross Profit					71%			317%
2,628,702			1,534,240	61,730	14,799
Other Income	216,358			64,517	235%	852,559	151	-
Selling and Distribution Expenses	(418,954)			(216,551)	93%	-	-	-
Administrative Expenses	(841,619)			(727,310)	16%	(21,624)	(33,443)	-35%
Change in Fair Value of Financial Assets measured at fair value through
Profit or loss	19,096			311,585	-94%	11,749	-	-
Finance Cost	(703,147)			(202,299)	248%	(400,084)	(140,997)	184%
Profit /(Loss) Before Tax from Continuing Operations					18%			-
900,436			764,181	504,330	(159,490)
Income Tax Expense	(245,113)			(128,537)	91%	-	-	-
Profit/(Loss) for the Period from Continuing Operations					3%			-
655,323			635,644	504,330	(159,490)
Discontinued Operations
Loss after tax for the period from discontinued operations	-			1,398,347	-	-	-	-
Profit/(Loss) for the period
655,323			2,033,991		504,330	(159,490)
Profit Attributable to:
Equity Holders of the Company	297,332			1,757,916		504,330	(159,490)
Non - Controlling Interests	357,991			276,075		-	-
	655,323			2,033,991		504,330	(159,490)	-
Earnings/(Loss) per share
Basic	0.30			1.75		0.50	(0.16)
Diluted	0.30			1.75		0.50	(0.16)

The Notes form an integral part of these Financial Statements

Figures in bracket indicate deductions

4