C M : Quarterly Financial Statements as at 31.12.2022

C M HOLDINGS PLC

CONSOLIDATED FINANCIAL STATEMENTS

For The Period Ended

31st December 2022

C M HOLDINGS PLC

Provisional Financial Statements for the Period ended 31.12.2022

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

C M Holdings PLC

Provisional Financial Statements for the Period ended 31.12.2022

STATEMENT OF COMPREHENSIVE INCOME

	Group				Group
	Unaudited	Unaudited			Unaudited		Unaudited
	Quarter	Quarter		Nine months	Nine months
	ended	ended			ended		ended
	31.12.2022	31.12.2021	Variance	31.12.2022	31.12.2021	Variance
	Rs.'000	Rs.'000	%		Rs. ' 000			Rs. ' 000		%
Revenue	80,532	84,483	-5%	210,874	209,075	1%
Cost of sales	(30,728)	(38,443)	20%	(79,209)	(93,761)	16%
Gross profit	49,803	46,041	8%	131,665	115,315	14%
Other Operating Income /(Expense)	5,690	40,990	-86%	54,723	55,111	-1%
Other gains/(losses)	(215,865)	364,065	-159%	(36,097)	618,199	-106%
Administrative Expenses	(40,457)	(37,876)	-7%	(111,401)	(111,354)	0%
Distribution Cost	(244)	(797)	69%	(419)	(1,668)	75%
Operating profit /(loss)	(201,074)	412,424	-149%	38,471	675,603	-94%
Financial income/ (cost)	(20,402)	1,677	-1317%	(4,992)	(43,105)	88%
Profit/(Loss) before Tax	(221,476)	414,101	-153%	33,479	632,498	-95%
Tax	(5,451)	(5,757)	5%	(21,164)	(17,337)	-22%
Net profit / (loss)	(226,927)	408,344	-156%	12,315	615,161	-98%
Other comprehensive income
Change in value of Financial Assets at FVOCI	(171,430)	203,165	-184%	257,190	24,400	954%
Total comprehensive income for the year	(398,357)	611,508	-165%	269,505	639,560	-58%
Profit Attributable to ;
Equity holders of the company	(226,927)	408,347	-156%	12,311	615,156	-98%
Non controlling interest	0	(3)	108%	4	5	-15%
	(226,927)	408,344	-156%	12,315	615,161	-98%
Total Comprehensive Income Attributable to
Equity holders of the company	(397,676)	610,798	-165%	267,875	638,912	-58%
Non controlling interest	(682)	710	-196%	1,629	648	151%
	(398,357)	611,508	-165%	269,505	639,560	-58%
Basic earning/(deficit) per share (Rs.)	(14.93)	26.86		0.81	40.47

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C M Holdings PLC

Provisional Financial Statements for the period ended 31.12.2022

STATEMENT OF COMPREHENSIVE INCOME-COMPANY

	Company		Company
	unaudited	unaudited		unaudited	unaudited
	Quarter	Quarter		Nine months	Nine months
	ended	ended		ended	ended
	31.12.2022	31.12.2021	Variance	31.12.2022	31.12.2021	Variance
	Rs. ' 000	Rs. ' 000	%	Rs. ' 000	Rs. ' 000	%
Income	15,902	14,598	9%	45,665	42,947	6%
Other Operating Income /(Expense)	1,174	11,172	-89%	13,016	12,259	6%
Other gains/(losses)	(16,694)	29,648	-156%	(3,835)	46,544	-108%
Administrative Expenses	(10,248)	(9,251)	-11%	(28,204)	(26,184)	-8%
Operating profit /(loss)	(9,864)	46,168	-121%	26,643	75,566	-65%
Financial income/ (cost)	34,979	10,663	228%	84,765	30,114	181%
Profit/(Loss) before Tax	25,115	56,831	-56%	111,408	105,680	5%
Tax	(4,551)	(4,529)	0%	(18,465)	(13,653)	-35%
Net profit / (loss)	20,563	52,302	-61%	92,943	92,027	1%
Other comprehensive income
Change in value of Financial Assets at FVOCI	(58,648)	62,045	-195%	69,970	(14,915)	569%
Total comprehensive income for the period	(38,085)	114,347	-133%	162,913	77,112	111%
Basic earning per share (Rs.)	1.35	3.44		6.11	6.05

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			C M Holdings PLC
			Provisional Financial Statements for the Period ended 31.12.2022
			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
31.03.2022	31.03.2022	Assets	31.12.2022		31.12.2021	31.12.2022	31.12.2021
Rs. '000		Rs. '000	Non-current assets	Rs.'000	Rs.'000		Rs.'000		Rs.'000
403,441	1,466	Property, plant and equipment	397,137		339,014	1,859	1,572
1,061,377	1,061,377	Investment property	1,059,618		1,063,232	1,059,618	1,063,232
68,285			Right of use assets	56,467		72,225
-	-	Deferred income tax assets	-		17,393	-	-
4,871	-	Intangible assets	4,871		4,871	-	-
-	14,000	Investment in subsidiaries	-		-	14,000	14,000
943,561		406,734	Financial assets at FVOCI	1,200,755		1,243,735		476,704		505,254
2,481,535	1,483,577		2,718,848		2,740,469		1,552,182		1,584,058
			Current assets
185,468	-	Inventories	159,374		195,405	-	-
557,036	511,184	Trade and other receivables	593,500		577,247	570,984	573,865
939,592	73,642	Financial assets at fair value through profit or loss	944,015		1,461,827	105,219	111,484
1,861	750	Income tax receivable	543		223	-	-
71,285		40,150	Cash and cash equivalents	57,080		75,287		35,291		39,941
1,755,241	625,726		1,754,512		2,309,989		711,493		725,290
4,236,777		2,109,304	Total Assets	4,473,360		5,050,458		2,263,675		2,309,348
			Equity
288,387	288,387	Stated capital	288,387		288,387	288,387	288,387
2,908,873		1,754,982	Retained earnings & reserves	3,176,749		3,761,891		1,917,895		1,964,566
3,197,260	2,043,369		3,465,136		4,050,278		2,206,282		2,252,953
1,296		-	Non controlling interest	2,925		1,901		-		-
3,198,556	2,043,369	Total Equity	3,468,062		4,052,179		2,206,282	2,252,953
			Liabilities
			Non - current liabilities
9,931	9,855	Deferred income tax liabilities	9,931		10,357	9,855	10,357
21,645	21,645	Rent in advance	10,803		13,599	10,803	13,599
7,292	-	Defined benefit obligations	6,529		6,461	-	-
41,374			Lease liability	33,372		52,886	-	-
104,575			Borrowings	472,457		462,677				-
184,817	31,500		533,093		545,980		20,658		23,956
			Current liabilities
119,741	34,435	Trade and other payables	90,406		94,815	32,790	30,904
4,486	-	Income tax liability	3,944		2,846	3,944	1,536
729,176		-	Borrowings & leases	377,856		354,639		-		-
853,404		34,435		472,205		452,299		36,734		32,440
4,236,777	2,109,304	Total Equity & Liabilities	4,473,360		5,050,458	2,263,675	2,309,348

210134

Net asset value per share (Rs.)

228

266

145

148

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)
S.D.R.Arudpragasam	Anushman Rajaratnam
(Chairman)	(Director)
Date: 08th of February, 2023

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