KELANI CABLES PLC KELANI CABLES PLC
Company Reg. No. PQ 117
INTERIM FINANCIAL STATEMENTS
FOR THE 09 MONTHS PERIOD ENDED DECEMBER 31, 2022
KELANI CABLES PLC
INTERIM FINANCIAL STATEMENTS - 31 DECEMBER 2022
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
COMPANY AND INVESTEE | COMPANY | ||||
For the quarter ended 31 December | 2022 | 2021 | 2022 | 2021 | |
Rs.000 | Rs.000 | Rs.000 | Rs.000 | ||
Revenue | 2,691,511 | 4,329,626 | 2,691,511 | 4,329,626 | |
Cost of sales | (1,936,246) | (3,193,478) | (1,936,246) | (3,193,478) | |
Gross profit | 755,265 | 1,136,148 | 755,265 | 1,136,148 | |
Other income | 16,791 | 3,813 | 16,791 | 3,813 | |
Distribution expenses | (166,030) | (140,455) | (166,030) | (140,455) | |
Administrative expenses | (94,990) | (84,279) | (94,990) | (84,279) | |
Profit from operations | 511,036 | 915,228 | 511,036 | 915,228 | |
Finance income | 121,528 | 17,102 | 121,528 | 17,102 | |
Finance expenses | (5,911) | (30,167) | (5,911) | (30,167) | |
Net finance income/(expenses) | 115,617 | (13,065) | 115,617 | (13,065) | |
Share of (loss)/profit on equity accounted | |||||
investee, net of tax | (629) | (606) | - | - | |
Profit before tax | 626,023 | 901,558 | 626,653 | 902,164 | |
Income tax expense | (187,996) | (162,389) | (187,996) | (162,389) | |
Profit for the quarter | 438,028 | 739,168 | 438,657 | 739,774 | |
Other comprehensive income | |||||
Items that will not be reclassified to profit or loss | - | - | - | - | |
Other comprehensive income , net of tax | - | - | - | - | |
Total comprehensive income for the quarter | 438,028 | 739,168 | 438,657 | 739,774 | |
Earnings per share -Rs. | 20.09 | 33.91 | 20.12 | 33.93 | |
Market value per share | |||||
Highest price-Rs. | 436.00 | 550.00 | |||
Lowest price-Rs. | 235.00 | 129.00 | |||
Last traded price-Rs. | 259.75 | 489.75 | |||
Number of shares representing the stated capital | 21,800,000 | 21,800,000 |
KELANI CABLES PLC
INTERIM FINANCIAL STATEMENTS - 31 DECEMBER 2022
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
COMPANY AND INVESTEE | COMPANY | ||||
For the period ended 31 December | 2022 | 2021 | 2022 | 2021 | |
Rs.000 | Rs.000 | Rs.000 | Rs.000 | ||
Revenue | 8,729,998 | 10,989,681 | 8,729,998 | 10,989,681 | |
Cost of sales | (5,982,959) | (8,752,586) | (5,982,959) | (8,752,586) | |
Gross profit | 2,747,040 | 2,237,095 | 2,747,040 | 2,237,095 | |
Other income | 35,918 | 14,973 | 35,918 | 14,973 | |
Distribution expenses | (448,919) | (369,224) | (448,919) | (369,224) | |
Administrative expenses | (292,124) | (283,318) | (292,124) | (283,318) | |
Profit from operations | 2,041,915 | 1,599,526 | 2,041,915 | 1,599,526 | |
Finance income | 657,649 | 41,330 | 657,649 | 41,330 | |
Finance expenses | (24,983) | (146,059) | (24,983) | (146,059) | |
Net finance income/(expenses) | 632,667 | (104,729) | 632,667 | (104,729) | |
Share of loss on equity accounted | |||||
investee, net of tax | (1,829) | (1,826) | - | - | |
Profit before tax | 2,672,752 | 1,492,972 | 2,674,582 | 1,494,797 | |
Income tax expense | (556,623) | (269,058) | (556,623) | (269,058) | |
Profit for the period | 2,116,129 | 1,223,913 | 2,117,959 | 1,225,739 | |
Other comprehensive income | |||||
Items that will not be reclassified to profit or loss | - | - | - | - | |
Other comprehensive income, net of tax | - | - | - | - | |
Total comprehensive income for the period | 2,116,129 | 1,223,913 | 2,117,959 | 1,225,739 | |
Earnings per share -Rs. | 97.07 | 56.14 | 97.15 | 56.23 | |
Market value per share | |||||
Highest price-Rs. | 458.00 | 550.00 | |||
Lowest price-Rs. | 98.10 | 110.25 | |||
Last traded price-Rs. | 259.75 | 489.75 | |||
Number of shares representing the stated capital | 21,800,000 | 21,800,000 |
KELANI CABLES PLC
INTERIM FINANCIAL STATEMENTS - 31 DECEMBER 2022
STATEMENT OF FINANCIAL POSITION
COMPANY & INVESTEE | COMPANY | |||||
As at 31 December | As at 31 March | As at 31 December | As at 31 March | |||
2022 | 2022 | 2022 | 2022 | |||
Rs.000 | Rs.000 | Rs.000 | Rs.000 | |||
ASSETS | ||||||
NON CURRENT ASSETS | ||||||
Property, plant and equipment | 1,138,371 | 1,155,168 | 1,138,371 | 1,155,168 | ||
Investment property | 690,000 | 690,000 | 690,000 | 690,000 | ||
Right-of-use assets | 2,456 | 3,125 | 2,456 | 3,125 | ||
Investment in equity accounted investee | 73,303 | 75,133 | 51,200 | 51,200 | ||
1,904,130 | 1,923,426 | 1,882,026 | 1,899,493 | |||
CURRENT ASSETS | ||||||
Inventories | 2,685,428 | 2,340,192 | 2,685,428 | 2,340,192 | ||
Trade and other receivables | 1,715,163 | 2,057,136 | 1,715,163 | 2,057,136 | ||
Amount due from related companies | 604,273 | 547,202 | 604,273 | 547,202 | ||
Value added tax recoverable | 784,639 | 747,211 | 784,639 | 747,211 | ||
Deposits and prepayments | 19,112 | 23,078 | 19,112 | 23,078 | ||
Investment in fixed deposits | 1,777,485 | 1,336,800 | 1,777,485 | 1,336,800 | ||
Cash and cash equivalents | 1,406,462 | 2,529,130 | 1,406,462 | 2,529,130 | ||
8,992,560 | 9,580,750 | 8,992,560 | 9,580,750 | |||
TOTAL ASSETS | 10,896,690 | 11,504,176 | 10,874,587 | 11,480,243 | ||
EQUITY AND LIABILITIES | ||||||
EQUITY | ||||||
Stated capital | 218,000 | 218,000 | 218,000 | 218,000 | ||
Capital reserves | 592,491 | 592,491 | 522,620 | 522,620 | ||
General reserves | 431,136 | 431,136 | 431,136 | 431,136 | ||
Retained earnings | 7,453,456 | 5,479,027 | 7,501,223 | 5,524,965 | ||
8,695,083 | 6,720,654 | 8,672,980 | 6,696,721 | |||
NON-CURRENT LIABILITIES | ||||||
Employee benefits | 139,654 | 122,807 | 139,654 | 122,807 | ||
Deferred taxation | 45,834 | 45,834 | 45,834 | 45,834 | ||
Interest bearing borrowings | 122,694 | 239,275 | 122,694 | 239,275 | ||
308,182 | 407,916 | 308,182 | 407,916 | |||
CURRENT LIABILITIES | ||||||
Trade and other payables | 332,875 | 3,005,972 | 332,875 | 3,005,972 | ||
Amount due to related companies | 363,597 | 511,344 | 363,597 | 511,344 | ||
Current tax payables | 1,019,395 | 660,744 | 1,019,395 | 660,744 | ||
Unclaimed dividends | 16,192 | 12,301 | 16,192 | 12,301 | ||
Interest bearing borrowings | 155,826 | 157,983 | 155,826 | 157,983 | ||
Bank overdrafts | 5,541 | 27,261 | 5,541 | 27,261 | ||
1,893,425 | 4,375,606 | 1,893,425 | 4,375,606 | |||
TOTAL LIABILITIES | 2,201,607 | 4,783,522 | 2,201,607 | 4,783,522 | ||
TOTAL EQUITY AND LIABILITIES | 10,896,690 | 11,504,176 | 10,874,587 | 11,480,243 | ||
Net asset per share (Rs.) | ||||||
398.86 | 308.29 | 397.84 | 307.19 |
(Sgd. )
Ms. Hemamala Karunasekara
Chief Financial Officer
(Sgd. ) | (Sgd. ) |
Mahinda Saranapala | U. G. Madanayake |
Director/Chief Executive Officer | Chairman |
February 13, 2023 | |
Colombo |
KELANI CABLES PLC
INTERIM FINANCIAL STATEMENTS - 31 DECEMBER 2022
STATEMENT OF CHANGES IN EQUITY
COMPANY AND INVESTEE
Stated | Capital | General | Retained | Total | ||||||
Capital | Reserves | Reserves | Earnings | |||||||
Rs.000 | Rs.000 | Rs.000 | Rs.000 | Rs.000 | ||||||
Balance as at 1 April 2021 | 218,000 | 592,491 | 431,136 | 3,408,196 | 4,649,823 | |||||
Comprehensive income for the period | ||||||||||
Profit for the period | 1,223,913 | 1,223,913 | ||||||||
Other comprehensive income | - | - | - | - | - | |||||
Total comprehensive income | - | - | - | 1,223,913 | 1,223,913 | |||||
Transactions with owners of the Company | ||||||||||
Interim dividend | - | - | - | (98,100) | (98,100) | |||||
Balance as at 31 December 2021 | 218,000 | 592,491 | 431,136 | 4,534,009 | 5,775,636 | |||||
- | Balance as at 1 April 2022 | 218,000 | 592,491 | 431,136 | 5,479,027 | 6,720,654 | ||||
Comprehensive income for the period | ||||||||||
Profit for the period | - | - | - | 2,116,129 | 2,116,129 | |||||
Other comprehensive income | - | - | - | - | - | |||||
Total comprehensive income | - | - | - | 2,116,129 | 2,116,129 | |||||
Transactions with owners of the Company | ||||||||||
Interim Dividend | - | - | - | (141,700) | (141,700) | |||||
- | Balance as at 31 December 2022 | 218,000 | 592,491 | 431,136 | 7,453,456 | 8,695,083 | ||||
COMPANY
Stated | Capital | General | Retained | Total | |||||
Capital | Reserves | Reserves | Earnings | ||||||
Rs.000 | Rs.000 | Rs.000 | Rs.000 | Rs.000 | |||||
Balance as at 1 April 2021 | 218,000 | 522,620 | 431,136 | 3,455,812 | 4,627,568 | ||||
Comprehensive income for the period | |||||||||
Profit for the period | 1,225,739 | 1,225,739 | |||||||
Other comprehensive income | - | - | - | - | - | ||||
Total comprehensive income | - | - | - | 1,225,739 | 1,225,739 | ||||
Transactions with owners of the Company | |||||||||
Interim dividend | - | - | - | (98,100) | (98,100) | ||||
Balance as at 31 December 2021 | 218,000 | 522,620 | 431,136 | 4,583,451 | 5,755,207 | ||||
Balance as at 1 April 2022 | 218,000 | 522,620 | 431,136 | 5,524,965 | 6,696,721 | ||||
Comprehensive income for the period | |||||||||
Profit for the period | - | - | - | 2,117,959 | 2,117,959 | ||||
Other comprehensive income | - | - | - | - | - | ||||
Total comprehensive income | - | - | - | 2,117,959 | 2,117,959 | ||||
Transactions with owners of the Company | |||||||||
Interim dividend | - | - | - | (141,700) | (141,700) | ||||
Balance as at 31 December 2022 | 218,000 | 522,620 | 431,136 | 7,501,223 | 8,672,980 | ||||
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Kelani Cables plc published this content on 14 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 February 2023 11:41:10 UTC.
