AMBEON HOLDINGS PLC Interim Financial Statements
Period ended 30 September 2022
Corporate Information
Domicile & Legal Form | Ambeon Holdings PLC is a Public Limited Liability Company incorporated and domiciled in Sri Lanka. The | |||
registered office of the Company is located at No. 10, 5th Floor, Gothami Road, Colombo 08. | ||||
Quoted on the Colombo Stock Exchange on the 01st January 1970 and Incorporated in Sri Lanka | ||||
on 29th December 1910. | ||||
Principal Activity & Nature | Investment Holding and Managing Company | |||
of the Company | ||||
Company Reg. No. | PQ 26 | |||
Board of Directors | Mr. S. E. Gardiner | - | Chairman | |
Mr. A. L. Devasurendra | - | Deputy Chairman | ||
Mr. A. G. Weerasinghe | - | Non-Executive Director | ||
Mr. E. M. M. Boyagoda | - | Non-Executive Director | ||
Mr. R. P. Pathirana | - | Non-Executive Director | ||
Dr. K. S. Narangoda | - | Executive Director | ||
Mr. R. T. Devasurendra | - | Alternate Director for Mr. A. L. Devasurendra | ||
Secretaries | P W CORPORATE SECRETARIAL (PRIVATE) LIMITED | |||
3/17, Kynsey Road, Colombo 08. | ||||
Registrars | S S P CORPORATE SERVICES (PRIVATE) LIMITED | |||
101, Inner Flower Road, | Colombo 3 | |||
Auditors | ERNST & YOUNG | |||
Chartered Accountants, No. 201, De Saram | Place, Colombo 10. | |||
Bankers | Pan Asia Banking Corporation PLC | |||
Nations Trust Bank PLC | ||||
Seylan Bank PLC | ||||
National Savings Bank | ||||
National Development Bank PLC | ||||
Peoples Bank | ||||
Standard Chartered Bank | ||||
Sampath Bank | ||||
Contact Details | Registered Office | |||
No. 10, 5th Floor, Gothami Road, Colombo 08. | ||||
Telephone | - '+94 11 5700700 | |||
Fax | - '+94 11 2680225 | |||
:info@ambeongroup.com | ||||
Website | :ambeonholdings.com | |||
1
AMBEON HOLDINGS PLC AND ITS SUBSIDIARIES
STATEMENT OF PROFIT OR LOSS
GROUP | COMPANY | |||||||
For the Quarter 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 | 4,350,699 | 3,606,004 | 21% | 242,107 | 84,550 | 186% | ||
Direct Cost | (2,760,494) | (2,777,882) | -1% | - | - | 0% | ||
Gross Profit | 92% | 186% | ||||||
1,590,206 | 828,122 | 242,107 | 84,550 | |||||
Other Income | 83,662 | 27,387 | 205% | - | - | 0% | ||
Selling and Distribution Expenses | (166,853) | (109,120) | 53% | - | - | 0% | ||
Administrative Expenses | (412,293) | (225,044) | 83% | (34,979) | (196,726) | -82% | ||
Change in Fair Value of Financial Assets measured at fair value through Profit or | ||||||||
Loss | 100,704 | 306,604 | -67% | 105,555 | 295,126 | -64% | ||
Gain/(Loss) From Disposal of subsidiaries | - | (267,153) | 100% | - | (255,476) | 100% | ||
Operating Profit/(Loss) | 113% | 531% | ||||||
1,195,426 | 560,796 | 312,683 | (72,524) | |||||
Finance Income | 60,144 | 20,949 | 187% | - | - | 0% | ||
Finance Cost | (266,929) | (60,121) | 344% | (52,891) | (27,810) | 90% | ||
Profit/(Loss) Before Tax from Continuing Operations | 90% | 359% | ||||||
988,640 | 521,624 | 259,791 | (100,334) | |||||
Income Tax Expense/(Reversal) | (134,586) | (99,527) | 35% | - | - | 0% | ||
Profit/(Loss) for the period | 854,054 | 422,097 | 102% | 259,791 | (100,334) | 359% | ||
Profit/(Loss)Attributable to: | ||||||||
Equity Holders of the Company | 724,074 | 301,084 | 259,791 | (100,334) | ||||
Non - Controlling Interests | 129,980 | 121,013 | - | - | ||||
854,054 | 422,097 | 259,791 | (100,334) | |||||
Earnings/(Loss) per share | ||||||||
Basic | 2.03 | 0.84 | 0.73 | (0.28) | ||||
Diluted | 2.03 | 0.84 | 0.73 | (0.28) | ||||
Earnings/(Loss) per share from Continuing Operations | ||||||||
Basic | 2.03 | 0.84 | ||||||
Diluted | 2.03 | 0.84 |
The Notes form an integral part of these Financial Statements
Figures in bracket indicate deductions
2
AMBEON HOLDINGS PLC AND ITS SUBSIDIARIES
STATEMENT OF OTHER COMPREHENSIVE INCOME
GROUP | COMPANY | |||||||
For the Quarter Ended 30 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 | 854,054 | 422,097 | 259,791 | (100,334) | ||||
Other Comprehensive Income | ||||||||
Other Comprehensive Income to be Reclassified to Profit or Loss in | ||||||||
Subsequent Year | ||||||||
Functional/Foreign Currency Translation Difference | 308 | 3 | - | - | ||||
Tax on Functional/Foreign Currency Translation Difference | - | - | - | |||||
Effect of Cashflow Hedge Accounting | 4,900 | - | - | |||||
Tax on Cashflow Hedge Accounting | (2,342) | - | - | |||||
Other Comprehensive Income to be Reclassified Not to Profit or | 308 | 2,561 | - | - | ||||
Loss in Subsequent Year | ||||||||
Revaluation gain/Loss of land and building | - | - | ||||||
Tax on revaluation gain | - | - | ||||||
Change in Fair Value of Financial Assets measured at fair value through OCI | 72,664 | (37,935) | 72,664 | (37,935) | ||||
Retirement Benefit Obligations Actuarial Gain / (Loss) | - | |||||||
Tax on Actuarial Gain /(Loss) on Retirement Benefit Plan | - | |||||||
72,664 | (37,935) | 72,664 | (37,935) | |||||
Total Other Comprehensive Income for the Period, Net of Tax | ||||||||
72,972 | (35,374) | 72,664 | (37,935) | |||||
Total Comprehensive Income for the Period | ||||||||
927,026 | 386,723 | 332,456 | (138,269) | |||||
Total Comprehensive Income Attributable to: | ||||||||
796,922 | 265,407 | |||||||
Equity Holders of the Company | ||||||||
Non - Controlling Interests | 130,104 | 121,316 | ||||||
927,026 | 386,723 | |||||||
3
AMBEON HOLDINGS 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 | 8,155,019 | 6,138,993 | 33% | 484,438 | 148,144 | 227% | ||||
Cost of Sales | (5,431,375) | (4,550,785) | 19% | - | - | - | ||||
Gross Profit | 71% | 227% | ||||||||
2,723,644 | 1,588,208 | 484,438 | 148,144 | |||||||
Other Income | 85,089 | 50,293 | 69% | - | - | - | ||||
Selling and Distribution Expenses | (417,974) | (216,551) | 93% | - | - | - | ||||
Administrative Expenses | (819,368) | (709,153) | 16% | (61,967) | (257,494) | -76% | ||||
Change in Fair Value of Financial Assets measured at fair value through Profit | ||||||||||
or Loss | 3,202 | 311,585 | -99% | 36,544 | 300,106 | -88% | ||||
Gain/(Loss) From Disposal of subsidiaries | - | 1,675,785 | -100% | - | (373,045) | -100% | ||||
Operating Profit/(Loss) | -42% | -352% | ||||||||
1,574,593 | 2,700,167 | 459,015 | (182,288) | |||||||
Finance Income | 149,017 | 37,247 | 300% | - | - | - | ||||
Finance Cost | (433,262) | (133,878) | 224% | (98,683) | (78,373) | 26% | ||||
Profit/(Loss) Before Tax | -50% | -238% | ||||||||
1,290,348 | 2,603,536 | 360,332 | (260,661) | |||||||
Income Tax Expense | (244,651) | (128,537) | 90% | - | - | - | ||||
Profit/(Loss) for the period | -58% | -238% | ||||||||
1,045,698 | 2,474,999 | 360,332 | (260,661) | |||||||
Profit/(Loss) Attributable to: | ||||||||||
Equity Holders of the Company | 835,724 | 2,318,225 | ||||||||
Non - Controlling Interests | 209,974 | 156,774 | ||||||||
1,045,698 | 2,474,999 | |||||||||
Earnings/(Loss) per share | ||||||||||
Basic | 2.34 | 6.50 | 1.01 | (0.73) | ||||||
Diluted | 2.34 | 6.50 | 1.01 | (0.73) |
The Notes form an integral part of these Financial Statements
Figures in bracket indicate deductions
4
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Ambeon Holdings plc published this content on 14 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 November 2022 03:21:03 UTC.
