C M : Quarterly Financial Report as of 31/12/2021

CM HOLDINGS PLC

CONSOLIDATED FINANCIAL STATEMENTS

For The Period Ended

31st December 2021

.

CM HOLDINGS PLC

Provisional Financial Statements for the Period ended 31.12.2021

Table of Contents

Statement of Comprehensive Income - Group	1
Statement of Comprehensive Income - Company	2
Statement of Financial Position	3
Statement of Changes in Equity	4
Statement of Cash Flows	5
Notes to the Financial Statements	6-7

1

CM Holdings PLC

Provisional Financial Statements for the Period ended 31.12.2021

STATEMENT OF COMPREHENSIVE INCOME

	Group				Group
	Unaudited	Unaudited			Unaudited		Unaudited
	Quarter	Quarter		Nine months	Nine months
	ended	ended			ended		ended
	31.12.2021	31.12.2020	Variance	31.12.2021	31.12.2020	Variance
	Rs.'000	Rs.'000	%		Rs. ' 000			Rs. ' 000		%
Revenue	84,483	83,104	2%	209,075	267,472	-22%
Cost of sales	(38,443)	(43,549)	12%	(93,761)	(151,328)	38%
Gross profit	46,041	39,555	16%	115,315	116,144	-1%
Other Operating Income /(Expense)	40,990	7,495	447%	55,111	42,331	30%
Fair value gains/(losses)	364,065	73,192	397%	618,199	281,958	119%
Administrative Expenses	(37,876)	(39,993)	5%	(111,354)	(130,064)	14%
Distribution Cost	(797)	(1,014)	21%	(1,668)	(3,347)	50%
Operating profit /(loss)	412,424	79,236	421%	675,603	307,022	120%
Financial income/ (cost)	1,677	(10,366)	116%	(43,105)	(8,907)	-384%
Profit/(Loss) before income tax	414,101	68,870	501%	632,498	298,115	112%
Income Tax	(5,757)	(2,040)	-182%	(17,337)	(10,882)	-59%
Net profit / (loss)	408,344	66,830	511%	615,161	287,234	114%
Other comprehensive income
Change in value of Financial Assets at FVOCI	203,165	538,537	-62%	24,400	672,340	-96%
Total comprehensive income for the year	611,508	605,367	1%	639,560	959,574	-33%
Profit Attributable to ;
Equity holders of the company	408,347	66,830	511%	615,156	287,251	114%
Non controlling interest	(3)	-	-	5	(17)	127%
	408,344	66,830	511%	615,161	287,234	114%
Total Comprehensive Income Attributable to
Equity holders of the company	610,798	605,322	1%	638,912	959,108	-33%
Non controlling interest	710	45	1477%	648	466	39%
	611,508	605,367	1%	639,560	959,574	-33%
Basic earning/(deficit) per share (Rs.)	26.86	4.40		40.47	18.90

2

CM Holdings PLC

Provisional Financial Statements for the period ended 31.12.2021

STATEMENT OF COMPREHENSIVE INCOME-COMPANY

	Company		Company
	unaudited	unaudited		unaudited	unaudited
	Quarter	Quarter		Nine months	Nine months
	ended	ended		ended	ended
	31.12.2021	31.12.2020	Variance	31.12.2021	31.12.2020	Variance
	Rs. ' 000	Rs. ' 000	%	Rs. ' 000	Rs. ' 000	%
Income	14,598	14,542	-	42,947	36,324	18%
Other Operating Income /(Expense)	11,172	751	1388%	12,259	2,449	401%
Fair value gains/(losses)	29,648	6,332	368%	46,544	21,786	114%
Administrative Expenses	(9,251)	(8,387)	-10%	(26,184)	(28,606)	8%
Operating profit /(loss)	46,168	13,238	249%	75,566	31,953	136%
Financial income/ (cost)	10,663	14,584	-27%	30,114	44,724	-33%
Profit/(Loss) before income tax	56,831	27,822	104%	105,680	76,677	38%
Income Tax	(4,529)	(2,040)	-122%	(13,653)	(10,882)	-25%
Net profit / (loss)	52,302	25,782	103%	92,027	65,795	40%
Other comprehensive income
Change in value of Financial Assets at FVOCI	62,045	196,127	-68%	(14,915)	241,401	-106%
Total comprehensive income for the period	114,347	221,908	-48%	77,112	307,196	-75%
Basic earning per share (Rs.)	3.44	1.70		6.05	4.33

3

				CM Holdings PLC
				Provisional Financial Statements for the Period ended 31.12.2021
				STATEMENT OF FINANCIAL POSITION
Group		Company			Group			Company
Audited		Audited			Unaudited	Unaudited		Unaudited		Unaudited
As at		As at			As at	As at		As at		As at
31.03.2021	31.03.2021		Assets	31.12.2021		31.12.2020	31.12.2021	31.12.2020
Rs. '000		Rs. '000			Rs.'000	Rs.'000		Rs.'000		Rs.'000
				Non Current assets
346,820	1,571		Property, plant and equipment	339,014		351,103	1,572	1,676
1,067,880	1,067,880		Investment property	1,063,232		1,066,855	1,063,232	1,066,855
84,044	-		Right of use asset	72,225		89,396	-	-
17,393	-		Deferred income tax assets	17,393		27,330	-	-
4,871	-		Intangible assets and goodwill	4,871		4,885	-	-
-	14,000		Investment in subsidiaries	-		-	14,000	14,000
1,219,402		520,169		Financial assets at FVOCI	1,243,735		1,274,922		505,254		558,383
2,740,410	1,603,620			2,740,469		2,814,491		1,584,058		1,640,914
				Current assets
192,882	-		Inventories	195,405		205,788	-	-
583,605	568,024		Trade and other receivables	577,247		614,577	573,865	610,046
824,067	64,398		Financial assets at fair value through profit or loss	1,461,827		737,530	111,484	61,759
1,111	-		Income tax receivable	223		1,687	-	576
27,216		11,097		Cash and cash equivalents	75,287		58,130		39,941		11,165
1,628,880	643,519			2,309,989		1,617,711		725,290		683,547
4,369,290		2,247,139		Total Assets	5,050,458		4,432,202		2,309,348		2,324,460
				Equity and Liabilities
288,387	288,387		Stated capital	288,387		288,387	288,387	288,387
3,122,979		1,887,454		Retained earnings & other reserves	3,761,891		3,167,796		1,964,566		1,978,506
3,411,366	2,175,841			4,050,278		3,456,183		2,252,953		2,266,893
1,253		-		Non controlling interest	1,901		1,372		-		-
3,412,619	2,175,841		Total Equity	4,052,179		3,457,555		2,252,953	2,266,893
				Non current liabilities
10,357	10,357		Deferred income tax liabilities	10,357		12,870	10,357	12,870
26,244	26,244		Rent in advance	13,599		13,875	13,599	13,875
6,556	-		Defined benefit obligations	6,461		6,214	-	-
49,624	-		Lease liability	52,886		64,822	-	-
153,671		-		Borrowings	462,677		225,843		-		-
246,452	36,600			545,980		323,624		23,956		26,745
				Current liabilities
149,746	27,880		Trade and other payables	94,815		152,640	30,904	30,822
9,071	6,818		Income tax liability	2,846		-	1,536	-
551,400		-		Borrowings & leases	354,639		498,382		-		-
710,218		34,698			452,299		651,023		32,440		30,822
4,369,290		2,247,139		Total Equity & Liabilities	5,050,458		4,432,202		2,309,348		2,324,460
224	143		Net asset value per share (Rs.)	266		227	148	149

The Board of Directors are responsible for the preparation and presentation of these financial statements.

Approved and signed for and on behalf of the Board of Directors:

(Sgd)	(Sgd)
Anushman Rajaratnam	S.D.R.Arudpragasam
(Director)	(Deputy Chairman)
Date: 01st of February 2022