AMBEON CAPITAL PLC Interim Financial Statements
Period Ended 31 December 2021
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 | - '+94 11 5328100 | |||
Fax | - '+94 11 5328109 | |||
: info@ambeongroup.com | ||||
Website | : www.ambeoncapital.com |
1
AMBEON CAPITAL PLC AND ITS SUBSIDIARIES
STATEMENT OF PROFIT OR LOSS
GROUP | COMPANY | |||||||
For the Quater Ended 31st December, | 2021 | 2020 | % Change | 2021 | 2020 | % Change | ||
Un-Audited | Un-Audited | Un-Audited | Un-Audited | |||||
Continuing Operations | Rs 000 | Rs 000 | Rs 000 | Rs 000 | ||||
Revenue | 4,290,910 | 2,565,489 | 67% | 2,976 | 60,338 | -95% | ||
Direct Cost | (3,079,276) | (1,733,522) | 78% | - | - | - | ||
Gross Profit | 46% | -95% | ||||||
1,211,634 | 831,966 | 2,976 | 60,338 | |||||
Other Income | 146,298 | 422 | - | 20,921 | 86 | - | ||
Selling and Distribution Expenses | (161,832) | (133,492) | 21% | - | - | - | ||
Administrative Expenses | (456,317) | (476,834) | -4% | (13,537) | (13,624) | -1% | ||
Change in Fair Value of Financial Assets measured at fair value though | ||||||||
Profit or loss | (9,375) | (10,089) | -7% | 65,823 | (10,907) | -703% | ||
Operating Profit/(Loss) | 245% | 112% | ||||||
730,408 | 211,973 | 76,183 | 35,893 | |||||
Finance Income | 91,293 | 24,846 | 267% | - | - | - | ||
Finance Cost | (112,134) | (166,110) | -32% | (73,054) | (103,180) | -29% | ||
Profit /(Loss) Before Tax from Continuing Operations | 904% | -105% | ||||||
709,568 | 70,709 | 3,129 | (67,286) | |||||
Income Tax Expense | (70,336) | (53,978) | 30% | - | - | - | ||
Profit/(Loss) for the Period from Continuing Operations | 3721% | -105% | ||||||
639,231 | 16,730 | 3,129 | (67,286) | |||||
Discontinued Operations | ||||||||
Loss after tax for the period from discontinued operations (Note 10) | - | (570,962) | - | - | - | - | ||
Profit/(Loss) for the period | ||||||||
639,231 | (554,231) | 3,129 | (67,286) | |||||
Profit/(Loss) Attributable to: | ||||||||
Equity Holders of the Company | 470,398 | (495,230) | 3,129 | (67,286) | ||||
Non - Controlling Interests | 168,834 | (59,001) | - | - | ||||
639,231 | (554,231) | 3,129 | (67,286) | - | ||||
Earnings/(Loss) per share | ||||||||
Basic | 0.47 | (0.49) | 0.00 | (0.07) | ||||
Diluted | 0.47 | (0.49) | 0.00 | (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 Quarter Ended 31st December, | 2021 | 2020 | 2021 | 2020 | ||||
Un-Audited | Un-Audited | Un-Audited | Un-Audited | |||||
Rs 000 | Rs 000 | Rs 000 | Rs 000 | |||||
Profit/ (Loss) for the Period | 639,231 | (554,231) | 3,129 | (67,286) | ||||
Other Comprehensive Income | ||||||||
Other Comprehensive Income to be Reclassified to Profit or Loss in | ||||||||
Subsequent Year | ||||||||
Functional/ Foreign Currency Translation Difference | - | 60,456 | - | - | ||||
Effect of Cashflow Hedge Accounting | 11,845 | (2,190) | - | - | ||||
Tax on Cashflow Hedge Accounting | 1,456 | - | - | - | ||||
Other Comprehensive Income to be Reclassified Not to Profit or | 13,300 | 58,266 | - | - | ||||
Loss in Subsequent Year | ||||||||
Change in Fair Value of Financial Assets Measured at Fair Value through OCI | 7,106 | (39,538) | - | - | ||||
Related Tax | - | (8,464) | ||||||
7,106 | (48,001) | - | - | |||||
Total Other Comprehensive Income for the Period, Net of Tax | ||||||||
20,406 | 10,264 | - | - | |||||
Total Comprehensive Income for the Period | ||||||||
659,637 | (543,967) | 3,129 | (67,286) | |||||
Total Comprehensive Income Attributable to: | ||||||||
Equity Holders of the Company | 484,046 | (584,289) | 3,129 | (67,286) | ||||
Non - Controlling Interests | 175,591 | 40,322 | - | - | ||||
659,637 | (543,967) | 3,129 | (67,286) | |||||
3
AMBEON CAPITAL PLC AND ITS SUBSIDIARIES
STATEMENT OF PROFIT OR LOSS
GROUP | COMPANY | |||||||
For the Period Ended 31st December, | 2021 | 2020 | % Change | 2021 | 2020 | % Change | ||
Un-Audited | Un-Audited | Un-Audited | Un-Audited | |||||
Continuing Operations | Rs 000 | Rs 000 | Rs 000 | Rs 000 | ||||
Revenue | 10,375,951 | 6,888,630 | 51% | 17,775 | 360,330 | -95% | ||
Direct Cost | (7,630,077) | (4,500,763) | 70% | - | - | - | ||
Gross Profit | 15% | -95% | ||||||
2,745,874 | 2,387,867 | 17,775 | 360,330 | |||||
Other Income | 182,015 | 10,901 | 1570% | 21,071 | 239 | 8700% | ||
Selling and Distribution Expenses | (378,383) | (345,371) | 10% | - | - | - | ||
Administrative Expenses | (1,183,628) | (1,249,073) | -5% | (46,980) | (40,300) | 17% | ||
Change in Fair Value of Financial Assets measured at fair value though Profit | ||||||||
or loss | 302,210 | (3,451) | -8856% | 65,823 | 1,929 | 3313% | ||
Gain From Disposal of subsidiaries ( Note 9) | 1,772,027 | - | - | - | - | - | ||
Operating Profit/(Loss) | 330% | -82% | ||||||
3,440,116 | 800,873 | 57,690 | 322,198 | |||||
Finance Income | 120,094 | 89,082 | 35% | - | - | |||
Finance Cost | (314,433) | (628,608) | -50% | (214,051) | (378,063) | -43% | ||
Profit /(Loss) Before Tax from Continuing Operations | 1142% | - | ||||||
3,245,777 | 261,347 | (156,361) | (55,865) | |||||
Income Tax Expense | (198,874) | (151,648) | 31% | - | - | - | ||
Profit/(Loss) for the Period from Continuing Operations | 2678% | - | ||||||
3,046,903 | 109,699 | (156,361) | (55,865) | |||||
Discontinued Operations | ||||||||
Loss after tax for the period from discontinued operations (Note 10) | - | (417,416) | - | - | - | - | ||
Profit/(Loss) for the period | ||||||||
3,046,903 | (307,717) | (156,361) | (55,865) | |||||
Profit Attributable to: | ||||||||
Equity Holders of the Company | 2,290,801 | (390,219) | (156,361) | (55,865) | ||||
Non - Controlling Interests | 756,102 | 82,502 | - | - | ||||
3,046,903 | (307,717) | (156,361) | (55,865) | - | ||||
Earnings/(Loss) per share | ||||||||
Basic | 2.28 | (0.39) | (0.16) | (0.06) | ||||
Diluted | 2.28 | (0.39) | (0.16) | (0.06) |
The Notes form an integral part of these Financial Statements
Figures in bracket indicate deductions
4
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Ambeon Capital plc published this content on 15 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2022 09:36:04 UTC.
