Kelani Cables : Errata to the Interim Financials Statements 31st Mar 2022

KELANI CABLES PLC

INTERIM FINANCIAL STATEMENTS - 31ST MARCH 2022

NOTES TO THE FINANCIAL STATEMENTS

1. Figures in the Interim Financial Statements are provisional and subject to audit.
2. The consolidated interim financial statements have been prepared in accordance with the accounting policies set out in the Annual Report for the year ended 31 March 2021 and are in compliance with Sri Lanka Accounting Standards - LKAS 34 -Interim Financial Reporting.
3. The previous period figures have been re-classified to confirm with the current year's presentation.
4. Finance income for the year ended 31 March 2022 include exchange gain on foreign currency translation of the period amounting to Rs.207,499,350/-.
5. The contingent liability as at March 31, 2022 on guarantees given to third parties amounted to Rs.183,384,363/-.
   The Board of Directors declared an Interim Dividend of Rs.4/50 per share for the year ended 31 March 2021 on 26 July 2021, amounting to Rs.98.1 Mn which was paid on 24 August 2021.
6. There have been no other material events subsequent to the interim period which require disclosure in the Financial Statements.
7. The number of shares held by the Board of Directors are as follows :

				As at 31 March 2022		As at 31 March 2021
				No. of Shares	% Holding		No. of Shares	% Holding
Mr. U. G. Madanayake
	- Chairman	56,200		56,200	0.26%
Mr. Suren Madanayake		- Deputy Chairman	61,000		61,000	0.28%
Mrs. N. C. Madanayake		- Director	-		-
Dr. Bandula Perera		- Director	-		-
Mr. Mahinda Saranapala		- Director/CEO	-		-
Mr. Deepal Sooriyaarachchi		- Director	-		-
8. Shares held by public
				No. of Shares	% Holding		No. of
					Shareholders
Shares held by public as at 31 March 2022	4,399,696	20.2%	1964
Float adjusted market capitalization	(Rs.)	1,279,211,612
Company complies the requirement of Listing Rules of 7.13.1 -Minimum Public Holding as a Continuous Listing
Requirement under the option No. 05 of 7.13.1 (a) as follows.
	OPTION		MINIMUM PUBLIC HOLDING REQUIREMENT
			Float adjusted Market	Public Holding	Number of Public
			Capitalization	Percentage	Shareholders
	Option -5		Less than Rs.2.5Bn	20%	500

9. 20 Largest Shareholders of the Company as at 31 March 2022 were as follows:

		No. of Shares	% Holding
1	Lanka Olex Cables (Private) Ltd	16,349,348	75.00%
2	ACL Cables PLC	933,756	4.28%
3	National Savings Bank	170,000	0.78%
4	Bank of Ceylon-No 2 A/C (BOC PTF)	117,918	0.54%
5	Employees Trust Fund Board	116,285	0.53%
6	Frontier Wealth (Pvt) Ltd	112,905	0.52%
7	Hatton National Bank PLC/Hennasy Geeth B.	110,000	0.50%
8	Thaha I. M.	103,500	0.47%
9	Hatton National Bank PLC-Astrue Alpha Fund	100,000	0.46%
10	DFCC Bank PLC A/C No. 02	87,450	0.40%
11	Ceylinco Shiram Capital Management Services	76,600	0.35%
12	Seylan Bank PLC/Gladstone Capital (Pvt) Ltd.	72,500	0.33%
13	Saraswathi V. and Vasudevan S.	63,944	0.29%
14	Seylan Bank PLC/Neyil Susnth Sugathadasa	63,278	0.29%
15	Goonesekera C. D. M. (Mrs.)	62,500	0.29%
16	Madanayake H. A. S.	61,000	0.28%
17	Ratnasabapathy M. R.	60,369	0.28%
18	Asantha D. N.	59,275	0.27%
19	Madanayake U. G.	56,200	0.26%
20	Mayakaduwage J. K.	54,000	0.25%