BOGALA GRAPHITE LANKA PLC Bogala Graphite Lanka PLC
Interim Financial Statements
For the Period ended 31st December 2021
BOGALA GRAPHITE LANKA PLC
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
Quarter ended | Year ended | ||||||
For the | 31st December | 31st December | Change | ||||
2021 | 2020 | 2021 | 2020 | % | |||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | ||||
Revenue | 285,402 | 228,164 | 1,126,263 | 669,543 | 68 | ||
Cost of Sales | (155,980) | (104,643) | (589,934) | (456,725) | (29) | ||
Gross Profit | 129,422 | 123,521 | 536,329 | 212,818 | > 100 | ||
Other Income | 1,146 | 619 | 3,727 | 7,303 | (49) | ||
Net Exchange Gain/(Loss) | (4,453) | 4,588 | 5,463 | 7,510 | (27) | ||
Administrative Expenses | (22,256) | (15,294) | (98,139) | (79,994) | (23) | ||
Selling and Distribution Expenses | (49,966) | (32,737) | (171,265) | (90,147) | (90) | ||
Profit from Operation | 53,893 | 80,697 | 276,115 | 57,490 | > 100 | ||
12 | |||||||
Finance Income | 1,524 | 1,055 | 5,287 | 4,727 | |||
Finance Expenses | (236) | (708) | (1,596) | (3,644) | 56 | ||
Profit Before Tax | 55,181 | 81,044 | 279,806 | 58,573 | > 100 | ||
Income Tax Expenses | (8,379) | (12,852) | (40,410) | (11,551) | > 100 | ||
Profit for the period | 46,802 | 68,192 | 239,396 | 47,022 | > 100 | ||
Other Comprehensive Income | |||||||
Re-measurement of defined benefit liability | (2,687) | 235 | (2,687) | 235 | - | ||
- Related tax | 376 | (33) | 376 | (33) | - | ||
Other comprehensive income net of tax | (2,311) | (2,311) | 202 | - | |||
202 | |||||||
Total Comprehensive Income | 44,491 | 68,395 | 237,085 | 47,224 | > 100 | ||
Basic earnings per share (Rs.) | 0.49 | 0.72 | 2.53 | 0.50 | > 100 | ||
The above figures are subject to audit.
Bogala Graphite Lanka PLC| Interim Financial Statements for Quarter ended 31st December 2021 | 1 |
BOGALA GRAPHITE LANKA PLC
STATEMENT OF FINANCIAL POSITION
As at | 31St December | 31St December |
2021 | 2020 (Audited) | |
Rs.'000 | Rs.000's | |
ASSETS | ||
Property, Plant and Equipment | 280,022 | 306,311 |
Intangible assets | 97,957 | 70,983 |
Consumable biological assets | 6,639 | - |
Other Financial Assets | 3,999 | 8,650 |
Non-Current Assets | 388,617 | 385,944 |
Inventories | 117,229 | 105,022 |
Trade and Other Receivables | 163,763 | 153,094 |
Advances and Prepayments | 6,955 | 6,267 |
Other Financial Assets | 5,768 | 7,999 |
Cash and Cash Equivalents | 390,532 | 158,369 |
Current Assets | 684,247 | 430,751 |
Total Assets | 1,072,864 | 816,695 |
EQUITY | ||
Stated Capital | 102,074 | 102,074 |
Reserves | 10,231 | 10,231 |
Retained Earnings | 750,386 | 513,301 |
Total Equity | 862,691 | 625,606 |
Liabilities | ||
Loans and Borrowings | 4,293 | 12,543 |
Provision for restoration | 1,266 | 1,144 |
Employee Benefits | 74,255 | 70,384 |
Deferred Tax Liabilities | 7,694 | 10,599 |
Non-Current Liabilities | 87,508 | 94,670 |
Trade and Other Payables | 86,860 | 45,486 |
Current Tax Liabilities | 27,581 | 13,343 |
Loans and Borrowings | 8,224 | 37,590 |
Current Liabilities | 122,665 | 96,419 |
Total Liabilities | 210,173 | 191,089 |
Total Equity and Liabilities | 1,072,864 | 816,695 |
Net Assets Per Share (Rs.) | 9.12 | 6.61 |
These financial statements have been prepared in compliance with the requirements of the Companies Act No 07 of 2007.
Sgd.
Sugath Amarasinghe | 1 |
Finance Director |
The Board of Directors is responsible for the preparation and presentation of these financial statements. Approved for and on behalf of the Board of Directors.
Sgd. | Sgd. |
Director | Director |
10th February 2022 |
The above figures are subject to audit.
Bogala Graphite Lanka PLC| Interim Financial Statements for Quarter ended 31st December 2021 | 2 |
BOGALA GRAPHITE LANKA PLC
STATEMENT OF CHANGES IN EQUITY
Stated | Revaluation | Retained | Total Equity | ||||||||||||
For the period ended 31st Decemberr 2021 | Capital | Reserve | Earnings | ||||||||||||
Rs.'000 | |||||||||||||||
Rs.'000 | Rs.'000 | Rs.'000 | |||||||||||||
Balance as at 1st January 2020 | 102,074 | 10,231 | 466,077 | 578,382 | |||||||||||
Profit for the period | - | - | 47,022 | 47,022 | |||||||||||
Other comprehensive income, net of income tax | - | - | 202 | 202 | |||||||||||
Total comprehensive income for the period | - | - | 47,224 | 47,224 | |||||||||||
Transactions with owners of the Company | |||||||||||||||
Contributions and Distributions | - | - | - | - | |||||||||||
Total transactions with owners of the Company | - | - | - | - | |||||||||||
Balance as at 31st December 2020 | 102,074 | 10,231 | 513,301 | 625,606 | |||||||||||
Balance as at 1st January 2021 | 102,074 | 10,231 | 513,301 | 625,606 | |||||||||||
Profit for the period | - | - | 239,396 | 239,396 | |||||||||||
Other comprehensive income, net of income tax | - | - | (2,311) | (2,311) | |||||||||||
Total comprehensive income for the period | - | - | 237,085 | 237,085 | |||||||||||
Transactions with owners of the Company | |||||||||||||||
Contributions and Distributions | - | - | - | - | |||||||||||
Total transactions with owners of the Company | - | - | - | - | |||||||||||
Balance as at 31st December 2021 | 102,074 | 10,231 | 750,386 | 862,691 | |||||||||||
The above figures are subject to audit.
Bogala Graphite Lanka PLC| Interim Financial Statements for Quarter ended 31st December 2021 | 3 |
BOGALA GRAPHITE LANKA PLC
STATEMENT OF CASH FLOW
Period Ended 31st December | 2021 | 2020 | |||
RS.'000 | Rs.'000 | ||||
Cash Flows Operating Activities | |||||
Profit Before Taxation | 279,806 | 58,573 | |||
Adjustments for | |||||
Depreciation on Property Plant & Equipments | 41,318 | 43,354 | |||
Amortization of Intangible Assets | 77 | 133 | |||
Effect on exchange gain / loss on borrowings | 644 | 6,371 | |||
Gain on Sales of Property Plant & Equipments | (481) | (5,002) | |||
Interest Income | (5,287) | (4,728) | |||
Interest expenses | 1,596 | 3,644 | |||
Property ,Plant and Equipment Written Off | - | 223 | |||
Provision for Employee Benefits | 3,262 | 11,205 | |||
Provision/(Reversal) of slow moving inventories & Impairment | 2,696 | 15,066 | |||
Provision for restoration cost | 8 | - | |||
Operating Profit before Working Capital Changes | 323,639 | 128,838 | |||
Change in Working Capital | |||||
Inventories | (14,902) | 36,179 | |||
Trade and Other Receivables | (10,668) | (23,322) | |||
Advance and prepayments | (688) | 938 | |||
Other Financial Assets | 6,882 | 20,412 | |||
Trade and Other Payables | 41,374 | (18,562) | |||
Cash Generated from Operating Activities | 345,637 | 144,484 | |||
Current Tax Paid | (28,701) | (15,720) | |||
Interest Paid | (570) | (2,467) | |||
Gratuity Paid | (2,079) | (2,768) | |||
Net Cash Generated From Operating Activities | 314,287 | 123,528 | |||
Cash Flows From Investing Activities | |||||
Interest Received | 5,287 | 4,728 | |||
Proceeds from sale of Property Plant & Equipments | 481 | 5,631 | |||
Acquisition of Property, Plant and Equipment | (26,842) | (41,773) | |||
Acquisition of Intangible Assets | (21,346) | (32,360) | |||
Net Cash Used In Investing Activities | (42,420) | (63,774) | |||
Cash Flows From Financing Activities | |||||
Repayment of Borrowings | (30,535) | (36,603) | |||
Repayment of Lease Liabilities | (9,169) | (10,109) | |||
Net Cash Used in Financing Activities | (39,704) | (46,712) | |||
Net Increase/(Decrease) in Cash and Cash Equivalents | 232,163 | ||||
13,042 | |||||
Cash and Cash Equivalents at 1st January | 158,369 | 145,327 | |||
Cash and Cash Equivalents at 31st December | 390,532 | 158,369 | |||
The above figures are subject to audit.
Bogala Graphite Lanka PLC| Interim Financial Statements for Quarter ended 31st December 2021 | 4 |
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Bogala Graphite Lanka 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 11:46:08 UTC.
