Central Industries : Interim financial statements - as at 31st December 2021

CENTRAL INDUSTRIES PLC

(Company Reg.No. PQ 121)

INTERIM CONDENSED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED

31ST DECEMBER 2021

(UNAUDITED)

CENTRAL INDUSTRIES PLC

INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

			Group					Company
FOR THE NINE MONTH ENDED	31/12/21	31/12/20	Change	31/12/21	31/12/20	Change
	Rs.'000	Rs.'000	%		Rs.'000		Rs.'000	%
Revenue	4,934,287		2,872,245		72	4,934,287		2,872,245		72
Cost of Sales	(3,993,364)	(2,302,141)	73	(3,993,364)	(2,302,141)	73
Gross Profit	940,923		570,104		65	940,923		570,104		65
Other Income	1,578		6,574		(76)	1,578		6,460		(76)
Selling and Distribution Expenses	(199,181)	(161,883)	23	(199,181)	(161,883)	23
Administrative Expenses	(92,335)	(77,068)	20	(92,201)	(76,958)	20
Operating Profit	650,985		337,727		93		651,119			337,723		93
Finance Income	64,936		12,647		413	64,963		12,647		414
Finance Cost	(40,609)	(12,725)	219	(40,846)	(13,069)	213
Net Finance Income / (Cost)	24,327		(78)		24,117		(422)
Profit Before Taxation	675,312		337,649		100		675,236			337,301		100
Income Tax Expenses	(135,129)	(56,057)	141	(135,103)	(55,992)	141
Profit for the Period	540,183		281,592		92		540,133			281,309		92
Profit attributable to
Owners of the Company	540,183		281,592			540,133		281,309
Non-Controlling Interests	-		-			-		-
Total Comprehensive Income attributable to
Owners of the Company	540,183		281,592			540,133		281,309
Non Controlling Interests	-		-			-		-
Basic Earnings per Share (Rs.)	24.79		13.60			24.79		13.59

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	31/12/21	31/12/20	Change	31/12/21	31/12/20	Change
	Rs.'000	Rs.'000	%		Rs.'000		Rs.'000	%
Revenue	1,859,238		1,050,578		77	1,859,238		1,050,578		77
Cost of Sales	(1,438,886)	(822,953)	75	(1,438,886)	(822,953)	75
Gross Profit	420,352		227,625		85	420,352			227,625		85
Other Income	768		3,382		(77)	768		3,316		(77)
Selling and Distribution Expenses	(85,527)	(61,498)	39	(85,527)	(61,498)	39
Administrative Expenses	(33,324)	(26,930)	24	(33,260)	(26,930)	24
Operating Profit	302,269		142,579		112		302,333			142,513		112
Finance Income	28,886		7,090		307	28,883		7,090		307
Finance Cost	(11,689)	(4,045)	189	(11,765)	(4,147)	184
Net Finance Income	17,197		3,045		465		17,118			2,943		482
Profit Before Taxation	319,466		145,624		119	319,451		145,456		120
Income Tax Expenses	(69,088)	(24,722)	179	(69,082)	(24,698)	180
Profit for the period	250,378		120,902		107		250,369			120,758		107
Profit attributable to
Owners of the Company	250,378		120,902			250,369		120,758
Non-Controlling Interests	-		-			-		-
Total Comprehensive Income attributable to
Owners of the Company	250,378		120,902			250,369		120,758
Non Controlling Interests	-		-			-		-
Basic Earnings per Share (Rs.)	11.49		5.84			11.49		5.83

CENTRAL INDUSTRIES PLC

INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

STATEMENT OF CHANGES IN EQUITY

FOR THE NINE MONTH ENDED 31ST DECEMBER 2021

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 2020	121,320		356,619		100,814		1,196,356		1,775,109
Comprehensive Income for the Period
Profit for the Period	-		-		-		281,592		281,592
Total Comprehensive Income for the Period	-		-		-		281,592		281,592
Depreciation on Revaluation Surplus	-		(1,969)	-		1,969		-
Deferred Tax on Revaluation Surplus	-		493		-		(493)	-
Final Dividend 2019/20 - Paid	39,511		-		-		(79,074)	(39,563)
Unclaimed Dividend forfeited	-		-		-		235		235
Balance as at 31st December 2020	160,831		355,143		100,814		1,400,585		2,017,373
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	-		-		-		540,183		540,183
Total Comprehensive Income for the Period	-		-		-		540,183		540,183
Depreciation on Revaluation Surplus	-		(1,969)	-		1,969		-
Deferred Tax on Revaluation Surplus	-		493		-		(493)	-
Final Dividend 2020 / 21 - Paid	124,081		-		-		(165,585)	(41,504)
Unclaimed Dividend forfeited	-		-		-		523		523
Balance as at 31st December 2021	284,912		400,407		100,814		1,895,059		2,681,192

COMPANY

	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 2020	121,320		356,619		100,814					1,771,763
			1,193,010
Comprehensive Income for the Period
Profit for the Period	-		-		-			281,309		281,309
Total Comprehensive Income for the Period	-		-		-		281,309		281,309
Depreciation on Revaluation Surplus	-		(1,969)	-		1,969		-
Deferred Tax on Revaluation Surplus	-		493		-		(493)	-
Final Dividend 2019/20 - Paid	39,511		-		-		(79,074)	(39,563)
Unclaimed Dividend forfeited	-		-		-			235		235
Balance as at 31st December 2020	160,831		355,143		100,814		1,396,956		2,013,744
Balance as at 1st April 2021	160,831		401,883		100,814		1,515,040		2,178,568
Comprehensive Income for the Period
Profit for the Period	-		-		-			540,133		540,133
Total Comprehensive Income for the Period	-		-		-		540,133		540,133
Depreciation on Revaluation Surplus	-		(1,969)	-		1,969		-
Deferred Tax on Revaluation Surplus	-		493		-		(493)	-
Final Dividend 2020 / 21 - Paid	124,081		-		-		(165,585)	(41,504)
Unclaimed Dividend forfeited	-		-		-			523		523
Balance as at 31st December 2021	284,912		400,407		100,814		1,891,587		2,677,720