Central Industries : Interim Financial Statements as at 30th September 2022

CENTRAL INDUSTRIES PLC

(Company Reg.No. PQ 121)

INTERIM CONDENSED FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED

30TH SEPTEMBER 2022

(UNAUDITED)

CENTRAL INDUSTRIES PLC

INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

			Group					Company
FOR THE SIX MONTHS ENDED	30/09/22	30/09/21	Change	30/09/22	30/09/21	Change
	Rs.'000		Rs.'000	%		Rs.'000		Rs.'000	%
Revenue	2,122,516		3,075,049		(31)	2,122,516		3,075,049		(31)
Cost of Sales	(1,192,733)	(2,554,478)	(53)	(1,192,733)	(2,554,478)	(53)
Gross Profit	929,783		520,571		79		929,783		520,571		79
Other Income	3,138		810		287	3,138		810		287
Selling and Distribution Expenses	(178,353)	(113,654)	57	(178,353)	(113,654)	57
Administrative Expenses	(64,443)	(59,011)	9	(64,326)	(58,941)	9
Operating Profit	690,125			348,716		98		690,242			348,786		98
Finance Income	62,312		36,050		73	62,312		36,080		73
Finance Cost	(428,022)	(28,920)	1,380	(428,127)	(29,081)	1,372
Net Finance Income/ (Cost)	(365,710)	7,130		(5,229)	(365,815)	6,999		(5,327)
Profit Before Taxation	324,415			355,846		(9)		324,427			355,785		(9)
Income Tax Expenses	(17,157)	(66,041)	(74)	(17,157)	(66,021)	(74)
Profit for the period	307,258			289,805		6		307,270			289,764		6
Profit attributable to
Owners of the Company	307,258		289,805			307,270		289,764
Non-Controlling Interests	-		-			-		-
Total Comprehensive Income attributable to
Owners of the Company	307,258		289,805			307,270		289,764
Non Controlling Interests	-		-			-		-
Basic Earnings per Share (Rs.)	13.09		12.35			13.09		12.35

CENTRAL INDUSTRIES PLC

INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

			Group					Company
FOR THE THREE MONTHS ENDED	30/09/22	30/09/21	Change	30/09/22	30/09/21	Change
	Rs.'000	Rs.'000	%		Rs.'000		Rs.'000	%
Revenue	1,088,540		1,830,638		(41)	1,088,540		1,830,638		(41)
Cost of Sales	(627,622)	(1,515,005)	(59)	(627,622)	(1,515,005)	(59)
Gross Profit	460,918		315,633		46		460,918		315,633		46
Other Income	2,887		694		316	2,887		694		316
Selling and Distribution Expenses	(168,946)	(58,044)	191	(168,946)	(58,044)	191
Administrative Expenses	(32,813)	(32,180)	2	(32,696)	(32,110)	2
Operating Profit	262,046		226,103		16		262,163			226,173		16
Finance Income	35,957		27,077		33	35,957		27,098		33
Finance Cost	(43,187)	(15,059)	187	(43,210)	(15,137)	185
Net Finance Income/ (Cost)	(7,230)	12,018		(160)	(7,253)	11,961		(161)
Profit Before Taxation	254,816		238,121		7		254,910			238,134		7
Income Tax Expenses	19,000		(44,338)	143	18,983		(44,332)	143
Profit for the Period	273,816		193,783		41		273,893			193,802		41
Profit attributable to
Owners of the Company	273,816		193,783			273,893		193,802
Non-Controlling Interests	-		-			-		-
Total Comprehensive Income attributable to
Owners of the Company	273,816		193,783			273,893		193,802
Non Controlling Interests	-		-			-		-
Basic Earnings per Share (Rs.)	11.67		8.26			11.67		8.26

CENTRAL INDUSTRIES PLC

INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 30TH SEPTEMBER 2022

GROUP

	Stated	Revaluation	General	Retained	Total
	Capital	Reserve	Reserve	Earnings	Equity
	Rs.000	Rs.000	Rs.000	Rs.000	Rs.000
Balance as at 1st April 2021	160,831		401,883		100,814		1,518,462		2,181,990
Comprehensive Income for the Period
Profit for the Period	-		-		-		289,805		289,805
Total Comprehensive Income for the Period							289,805		289,805
Depreciation on Revaluation Surplus	-		(1,313)	-		1,313		-
Deferred Tax on Revaluation Surplus	-		329		-		(329)	-
Final Dividend 2020/21 - Paid	124,081		-		-		(165,585)	(41,504)
Unclaimed Dividend forfeited	-		-		-		523		523
Balance as at 30th September 2021	284,912		400,899		100,814		1,644,189		2,430,814
Balance as at 1st April 2022	284,912		399,914		100,814		1,864,868		2,650,508
Comprehensive Income for the Period
Profit for the Period	-		-		-		307,258		307,258
Total Comprehensive Income for the Period	-		-		-		307,258		307,258
Depreciation on Revaluation Surplus	-		(1,313)	-		1,313		-
Deferred Tax on Revaluation Surplus	-		329		-		(329)	-
Final Dividend 2021/22 - Paid	108,873		-		-		(108,944)	(71)
Unclaimed Dividend forfeited	-		-		-		769		769
Balance as at 30th September 2022	393,785		398,930		100,814		2,064,935		2,958,464