Overseas Realty Ceylon : Quarterly Financial Statements as at 31st March 2022

Building on

Our Core Strength

Consolidated Statement of Financial Position

COMPANY	GROUP
31/03/2022 Rs. '000	31/12/2021 (Audited) Rs. '000	31/03/2022 Rs. '000	31/12/2021 (Audited) Rs. '000
ASSETS Non-Current Assets Investment Property Investment Property Under Development Property, Plant & Equipment Intangible Assets Investments in Subsidiaries Inventories Other Financial Assets	26,548,458 - 415,503 10,280 13,708,885 - 506,600	26,548,458 - 417,614 11,427 13,708,885 - 506,600	27,446,614 31,118,566 1,220,527 10,280 - 89,481 -	27,446,614 25,637,157 1,218,350 11,427 - 89,481 -
Total Non-Current Assets	41,189,725	41,192,984	59,885,468	54,403,029
Current Assets Inventories Trade and Other Receivables Other Financial Assets Income Tax Recoverable Short Term Investments Cash & Cash Equivalents	8,892 533,030 110,547 - 2,936,856 37,389	9,629 549,749 44,711 - 1,820,118 836,917	4,706,296 5,503,970 45,187 5,219 2,936,856 679,836	7,826,138 5,394,979 - 1,549 1,820,118 1,696,471
Total Current Assets	3,626,715	3,261,124	13,877,364	16,739,255
Total Assets	44,816,440	44,454,108	73,762,832	71,142,284
EQUITY & LIABILITIES Equity Attributable to Equity Holders of the Pa Stated Capital Revaluation Reserve Retained Earnings	rent 18,443,353 397,599 24,182,147	18,443,353 397,599 23,651,666	18,443,353 437,703 30,795,155	18,443,353 437,703 28,240,006
Total Equity	43,023,100	42,492,618	49,676,212	47,121,062
30,899 - 538,703	56,708 10,052,737 721,101
Non-Current Liabilities
Post Employment Benefit Liability Amounts due to Related Parties Differed Tax Liabilities	31,551	54,647
-	14,831,260
538,703	642,130
Total Non-Current Liabilities	570,255	569,602	15,528,036	10,830,546
Current Liabilities Trade & Other Payables Rental & Customer Deposits Interest Bearing Loans & Borrowings Income Tax Payable Dividend Payable	340,237 952,973 - 74,272 24,406	3,066,930 1,689,691 8,102,113 307,536 24,406
108,149	1,212,354
1,014,460	2,411,809
-	4,362,061
76,069	547,953
24,406	24,406
Total Current Liabilities	1,223,085	1,391,888	8,558,584	13,190,676
Total Liabilities	1,793,340	1,961,490	24,086,620	24,021,222
Total Equity & Liabilities	44,816,440	44,454,108	73,762,832	71,142,284

All figures are provisional and subject to audit, unless otherwise stated.

31/03/2022

31/12/2021

Net Asset Value Per Share (Rs)

39.96

37.91

A. M.De S. Jayaratne Director

Colombo

27th April 2022

T. K. Bandaranayake Director

Company - Statement of Profit or Loss

COMPANY
Three Months Ended	Three Months Ended	Variance
31/03/2022 Rs. '000	31/03/2021 Rs. '000	%
Rental Income Other Services	514,684 11,941	515,073 (2,637)	0% -553%
Total Revenue Direct Operating Expenses	526,625 (126,276)	512,436 (125,881)	3% 0%
Gross Profit Fair Value Gain / (Loss) on Investment Property Administration Expenses Exchange Gain / (Loss) Finance Cost Finance Income Dividend Income	400,349 - (49,966) 98,345 - 49,040 55,000	386,555 - (41,322) (375) - 38,094 -	4% 0% -21% High 0% 29% 100%
Profit Before Tax Income Tax Expense	552,768 (22,287)	382,952 (22,437)	44% 1%
Profit After Tax	530,481	360,515	47%

All figures are provisional and subject to audit, unless otherwise stated.

Colombo

27th April 2022

Consolidated - Statement of Profit or Loss

GROUP
Three Months Ended	Three Months Ended	Variance
31/03/2022 Rs. '000	31/03/2021 Rs. '000	%
Rental Income Sale of Apartments Other Services	535,667 6,426,832 88,346	535,852 761,255 88,197	0% 744% 0%
Total Revenue Direct Operating Expenses Cost of Sales of Apartments	7,050,846 (177,892) (3,958,673)	1,385,304 (173,520) (651,389)	409% -3% -508%
Gross Profit Fair Value Gain / (Loss) on Investment Property Administration Expenses Exchange Gain / (Loss) Marketing & Promotional Expenses Finance Cost Finance Income Other income	2,914,281 - (135,537) 153,675 (59,815) (543) 47,402 16,972	560,395 - (91,560) 8,956 (21,586) (3,854) 39,552 2,450	420% 0% -48% High -177% 86% 20% High
Profit Before Tax Income Tax Expense	2,936,436 (381,286)	494,353 (38,977)	494% -878%
Profit After Tax	2,555,150	455,376	461%

All figures are provisional and subject to audit, unless otherwise stated.

Accounting Ratios As At

Dividends Per Share (Rs) Interest Cover (Times) Debt/Equity Ratio (Times) Quick Asset Ratio (Times) Earnings Per Share

The Company or its subsidiaries do not have listed debt

Performance at the CSE during the Quarter Ended Last Traded Price

31/03/2022 Three Months

31/03/2021 Three Months

-

-

High

High

0.09 0.18

0.38 0.35

2.06 0.43

High

Low

(Rs)	(Rs)
31/03/2022	31/03/2021
15.60	15.50
25.40	16.40
15.00	14.60

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

COMPANY

GROUP

Three Months	Three Months	Three Months	Three Months
Ended	Ended	Ended	Ended
31/03/2022	31/03/2021	31/03/2022	31/03/2021
Rs. 000	Rs. 000	Rs. 000	Rs. 000
Profit For the Period	530,481	360,515	2,555,150	455,376
Revaluation of Land and Buildings	-	-	-	-
Differed Tax Effect	-	-	-	-
Accurial Gain/(Loss)	-	-	-	-
Differed Tax Effect	-
Other Comprehensive Income for the Period, Net of Tax	-	-	-	-
Total Comprehensive Income for the Period, Net of Tax	530,481	360,515	2,555,150	455,376
Attributable to:
Equity Holders of the Parent	2,555,150	455,376
Non-controlling Interest	-	-
2,555,150	455,376
27th April 2022
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