MULLER & PHIPPS (CEYLON) PLC INTERIM RESULTS
FOR THE PERIOD ENDED
31ST DECEMBER 2022
MULLER & PHIPPS ( CEYLON) PLC 98,SRI SANGARAJA MAWATHA COLOMBO-10
COMPANY NO .PQ177
MULLER & PHIPPS (CEYLON) PLC
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME - GROUP
For the Period Ended 31st December 2022 | Quarter Ended | Nine Months Ended | ||||
2022 | 2021 | Variance | 2022 | 2021 | Variance | |
Rs,000 | Rs,000 | Rs,000 | Rs,000 | |||
Revenue | 50,020 | 383,609 | -87% | 427,431 | 885,074 | -52% |
Cost of Sales | (35,790) | (330,171) | 89% | (326,005) | (719,608) | 55% |
Gross Profit | ||||||
14,230 | 53,438 | -73% | 101,426 | 165,466 | -39% | |
Other Operating Income | 3,683 | 470 | 684% | 8,902 | 10,551 | -16% |
Administrative Expenses | (26,451) | (28,285) | 6% | (81,026) | (79,347) | -2% |
Distribution Expenses | (7,257) | (4,205) | -73% | (18,484) | (11,820) | -56% |
Profit/(Loss) from Operations | ||||||
(15,795) | 21,417 | -174% | 10,818 | 84,850 | -87% | |
Finance Income | 9,629 | 19,520 | -51% | 8,715 | 7,585 | 15% |
Finance Expenses | (24,032) | (4,202) | -472% | (87,293) | (10,928) | -699% |
Net Financing Income/ (Expenses) | ||||||
(14,403) | 15,318 | -194% | (78,578) | (3,343) | -2251% | |
Profit/(Loss) Before Income Tax Expense | ||||||
(30,198) | 36,736 | -182% | (67,760) | 81,506 | -183% | |
Income Tax (Expense)/ Reversal | - | - | 0% | - | - | 0% |
Profit/(Loss) for the Period | -182% | -183% | ||||
(30,198) | 36,736 | (67,760) | 81,506 | |||
Other Comprehensive Income | ||||||
Net Change in Fair Value of Available for Sale - Financial Assets | (1,152) | 428 | -369% | 1,652 | (2,636) | 163% |
Total Comprehensive Income for the Period | -184% | -184% | ||||
(31,350) | 37,163 | (66,108) | 78,870 | |||
Earnings per share (Rs.) | (0.11) | 0.13 | (0.24) | 0.29 |
Figures in brackets indicate deductions.
Above figures are provisional and subject to audit.
MULLER & PHIPPS (CEYLON) PLC
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME - COMPANY
For the Period Ended 31st December 2022 | Quarter Ended | Nine Months Ended | ||||
2022 | 2021 | Variance | 2022 | 2021 | Variance | |
Rs,'000 | Rs,'000 | Rs,'000 | Rs,'000 | |||
Revenue | 500 | 500 | 0% | 1,500 | 1,500 | 0% |
Cost of Sales | - | - | - | - | ||
Gross Profit | 500 | 500 | 0% | 1,500 | 1,500 | 0% |
Other Operating Income | 64 | 468 | -86% | 378 | 1,638 | -77% |
Administrative Expenses | (1,199) | (1,386) | 14% | (3,642) | (3,344) | -9% |
Profit/(Loss) from Operations | (634) | (419) | -51% | (1,763) | (206) | -756% |
Net Financing Income / (Expenses) | 7,647 | 2,879 | 166% | 16,743 | 7,661 | 119% |
Profit Before Income Tax Expense | 7,013 | 2,460 | 185% | 14,979 | 7,454 | 101% |
Income Tax Expense | - | - | 0% | - | - | 0% |
Profit for the Period | ||||||
7,013 | 2,460 | 185% | 14,979 | 7,454 | 101% | |
Other Comprehensive Income | ||||||
Net Change in Fair Value of Available for Sale - Financial Assets | (1,143) | 419 | -373% | 1,643 | (2,657) | 162% |
Total Comprehensive Income for the Period | ||||||
5,869 | 2,879 | 104% | 16,622 | 4,797 | 247% | |
Earnings per share (Rs.) | 0.02 | 0.01 | 0.05 | 0.03 |
Figures in brackets indicate deductions.
Above figures are provisional and subject to audit.
MULLER & PHIPPS (CEYLON) PLC | |||||
STATEMENT OF FINANCIAL POSITION | |||||
Group | Company | ||||
Unaudited | Audited | Unaudited | Audited | ||
As at | 31-12-2022 | 31-03-2022 | 31-12-202231-03-2022 | ||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | ||
ASSETS | |||||
Non-Current Assets | |||||
Property, Plant & Equipment | 5,544 | 6,390 | - | - | |
Intangible Assets | 325 | 563 | - | - | |
Right of use the Asset | 416 | 1,663 | - | - | |
Investments in Subsidiaries | - | - | 53,897 | 53,897 | |
Financial Assets Available for Sale | |||||
-Investment in Shares | 22,419 | 20,768 | 9,083 | 7,441 | |
-Investment in Debentures | 14,713 | 14,713 | 14,713 | 14,713 | |
Deferred Tax Assets | 58,048 | 58,048 | 619 | 619 | |
Total Non Current Assets | 101,465 | 102,145 | 78,312 | 76,670 | |
Current Assets | |||||
Inventories | 80,770 | 136,452 | - | - | |
Trade and Other Receivables | 222,993 | 459,826 | 20 | 20 | |
Amounts due from Related Companies | 52,388 | 46,095 | 120,079 | 105,312 | |
Investment in Fixed Deposit | - | 29,083 | - | - | |
Income Tax Recoverable | 607 | 607 | 607 | 607 | |
Cash and Cash Equivalent | 55,046 | 24,965 | 3,615 | 3,754 | |
Total Current Assets | 411,804 | 697,028 | 124,321 | 109,693 | |
TOTAL ASSETS | 513,269 | 799,173 | 202,633 | 186,363 | |
EQUITY AND LIABILITIES | |||||
Equity | |||||
Stated Capital | 83,000 | 83,000 | 83,000 | 83,000 | |
Reserves | (110,605) | (44,496) | 116,929 | 100,307 | |
Equity Attributable to Equity Holders of the | |||||
Company | (27,605) | 38,504 | 199,929 | 183,307 | |
Non-Current Liabilities | |||||
Retirement Benefit Obligations | 11,384 | 8,192 | - | - | |
Total Non Current Liabilities | 11,384 | 8,192 | - | - | |
Current Liabilities | |||||
Trade and Other Payables | 66,230 | 558,433 | 2,704 | 3,056 | |
Interest Bearing Borrowings | 332,538 | 135,216 | - | - | |
Lease Obligation | 185 | 970 | - | - | |
Income Tax payable | 6,263 | 6,263 | - | - | |
Amounts due to Related Companies | 112,969 | 21,026 | - | - | |
Bank Overdraft | 11,305 | 30,569 | - | - | |
Total Current Liabilities | 529,490 | 752,477 | 2,704 | 3,056 | |
TOTAL EQUITY & LIABILITIES | |||||
513,269 | 799,173 | 202,633 | 186,363 | ||
Net asset value per share | (0.10) | 0.14 | 0.71 | 0.65 |
I certify that the Financial Statements of the Company have been prepared in compliance with the requirements of the Companies Act No. 07 of 2007.
(sgd)
- Rathnasekara Director/Chief Financial Officer
The Board of Directors is responsible for the preparation and presentation of these Financial Statements.
Approved and signed for and on behalf of the Board of Muller & Phipps (Ceylon) PLC.
(sgd) | (sgd) |
R.C.A. Welikala | S.W.Gunawardena |
Director | Director |
Colombo | |
Date: 13.02.2023 | |
Muller & Phipps (Ceylon) PLC |
MULLER & PHIPPS (CEYLON) PLC
STATEMENT OF CHANGES IN EQUITY
Group | ||||||
Stated Capital | General Reserve | Capital Reserve | AFS Reserves | Retained Earnings | Total | |
Rs,'000 | Rs,'000 | Rs,'000 | Rs,'000 | Rs,'000 | Rs,'000 | |
Balance as at 1st April 2021 | 83,000 | 5,000 | 401 | 9,350 | (13,350) | 84,401 |
Profit for the period | - | - | - | - | 81,506 | 81,506 |
Other comprehensive income for the period | - | - | - | (2,636) | - | (2,636) |
Balance as at 31st December 2021 | 83,000 | 5,000 | 401 | 6,714 | 68,156 | 163,270 |
Balance as at 1st April 2022 | 83,000 | 5,000 | 401 | (2,697) | (47,200) | 38,504 |
Profit for the period | - | - | - | - | (67,760) | (67,760) |
Other comprehensive income for the period | - | - | - | 1,652 | - | 1,652 |
Balance as at 31st December 2022 | 83,000 | 5,000 | 401 | (1,045) | (114,960) | (27,605) |
Company | ||||||
Stated Capital | General Reserve | Capital Reserve | AFS Reserves | Retained Earnings | Total | |
Rs,'000 | Rs,'000 | Rs,'000 | Rs,'000 | Rs,'000 | Rs,'000 | |
Balance as at 1st April 2021 | 83,000 | 5,000 | 401 | 10,731 | 86,999 | 186,131 |
Profit for the period | - | - | - | - | 7,454 | 7,454 |
Other comprehensive income for the period | - | - | - | (2,657) | - | (2,657) |
Balance as at 31st December 2021 | 83,000 | 5,000 | 401 | 8,074 | 94,453 | 190,928 |
Balance as at 1st April 2022 | 83,000 | 5,000 | 401 | (707) | 95,613 | 183,307 |
Profit for the period | - | - | - | - | 14,979 | 14,979 |
- | ||||||
Other comprehensive income for the period | - | - | - | 1,643 | - | 1,643 |
Balance as at 31st December 2022 | 83,000 | 5,000 | 401 | 936 | 110,592 | 199,929 |
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Muller & Phipps (Ceylon) plc published this content on 15 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2023 11:36:10 UTC.
