Raigam Wayamba Salterns : Quarterly Financial Report 30.09.2022

INTERIM CONDENSED FINANCIAL STATEMENTS

THREE MONTHS ENDED 30TH SEPTEMBER 2022

Raigam Wayamba Salterns PLC & Subsidiary Company

STATEMENT OF FINANCIAL POSITION

Rs.	Group			Company
As at	30.09.2022		31.03.2022		30.09.2022		31.03.2022
ASSETS	(Un Audited)		(Audited)		(Un Audited)		(Audited)
Non-Current Assets
Property, Plant and Equipment	631,575,544		637,841,227		522,150,466		529,487,582
Intangible Assets	4,542,572		5,059,215		4,542,572		3,212,425
Right of Use Assets	16,947,417		17,293,300		5,557,185		5,875,795
Investments in Subsidiaries	-		-		85,140,226		85,140,226
	653,065,534		660,193,742		617,390,449		623,716,028
Current Assets
Inventories	468,643,333		241,849,349		149,784,065		135,308,434
Trade and other Receivables	562,327,227		432,434,686		825,038,225		471,906,231
Held to Maturity Financial Assets	574,915,620		514,634,975		574,915,620		514,634,975
Cash and Cash Equivalents	113,012,512		108,378,280		53,283,989		52,065,016
	1,718,898,691		1,297,297,290		1,603,021,899		1,173,914,656
Total Assets	2,371,964,225		1,957,491,032		2,220,412,348		1,797,630,684
EQUITY AND LIABILITIES
Stated Capital	604,414,640		604,414,640		604,414,640		604,414,640
Revaluation Reserve	124,319,085		124,319,086		98,607,740		98,607,740
Retained Earnings	1,055,320,716		890,581,758		851,631,373		727,295,097
	1,784,054,441		1,619,315,484		1,554,653,753		1,430,317,477
Non-Current Liabilities
Defined Benefit Obligation
24,755,573		23,848,374		21,446,648		20,835,336
Deferred Tax Liability	32,141,602		32,080,418		24,823,403		24,823,403
Interest Bearing Loans and Borrowings	12,965,255		13,616,827		1,524,644		2,127,516
	69,862,429		69,545,619		47,794,695		47,786,255
Current Liabilities
Trade and Other Payables	479,409,770		230,317,547		582,128,544		288,340,621
Income Tax Payable	37,072,276		26,758,820		34,270,048		22,788,853
Interest Bearing Loans and Borrowings	1,565,309		2,249,470		1,565,309		1,888,248
Bank Overdraft	-		9,304,092		-		6,509,230
	518,047,355		268,629,929		617,963,901		319,526,952
Total Equity and Liabilities	2,371,964,225		1,957,491,032		2,220,412,348		1,797,630,684
Net Assets per Share	6.32		5.74		5.51		5.07

These financial statements are in compliance with the requirements of the Companies Act No :07 of 2007.

N Jayasuriya - Director Finance

The Board of Directors is resposible for the preparation and presentation of these financial statements. Signed for and on behalf of the Board by:

G V P G Amarasinghe - Director

K R Theadore - Director

14-Nov-22 Colombo

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Raigam Wayamba Salterns PLC & Subsidiary Company

INCOME STATEMENT

									Rs.000
		Group				Company
	September	September		Quarter ended 30th September	September
	2022	2021	2022	2021		2022	2021	2022	2021
	(Un Audited)	(Un Audited)	(Un Audited)	(Un Audited)		(Un Audited)	(Un Audited)	(Un Audited)	(Un Audited)
Revenue	528,546,567	227,150,923	892,130,460	500,760,858		480,388,589	216,479,822	800,339,844	473,814,131
Cost of Sales	(321,328,510)	(117,246,262)	(548,697,660)	(261,586,965)		(313,426,350)	(144,497,419)	(519,145,221)	(304,852,630)
Gross Profit	207,218,056	109,904,661	343,432,799	239,173,893		166,962,240	71,982,403	281,194,624	168,961,501
Administrative Expenses	(31,564,513)	(22,247,787)	(53,774,434)	(43,319,909)		(22,434,816)	(16,819,853)	(40,700,806)	(32,696,878)
Selling and Distribution Costs	(48,038,870)	(22,769,929)	(72,829,951)	(46,940,309)		(43,431,788)	(20,295,898)	(67,935,316)	(41,964,679)
Results From Operating	127,614,673	64,886,945	216,828,414	148,913,675		101,095,635	34,866,652	172,558,501	94,299,944
Activities
Finance Cost	(913,959)	(342,615)	(1,034,803)	(707,735)		(230,963)	-	(350,007)	(20,854)
Finance Income	33,082,076	5,215,636	38,763,198	9,328,021		28,412,084	4,533,067	33,495,275	8,596,581
Net Finance (Cost) / Income	32,168,117	4,873,021	37,728,395	8,620,286		28,181,120	4,533,067	33,145,267	8,575,727
Profit Before Tax	159,782,790	69,759,966	254,556,809	157,533,961		129,276,756	39,399,719	205,703,769	102,875,671
Income Tax Expense	(30,122,438)	(12,828,778)	(47,486,753)	(28,871,908)		(24,974,541)	(7,363,933)	(39,036,395)	(19,033,416)
Profit for the Period	129,660,352	56,931,188	207,070,056	128,662,053		104,302,215	32,035,786	166,667,374	83,842,255
Earnings Per Share
- Basic Earnings Per Share	0.46	0.20	0.73	0.46		0.37	0.11	0.59	0.30
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Raigam Wayamba Salterns PLC & Subsidiary Company

STATEMENT OF OTHER COMPREHENSIVE INCOME

		Group				Company
	Quarter ended 30th September	Six months ended 30th		Quarter ended 30th September	Six months ended 30th
	September		September
Rs.
	2022	2021	2022	2021		2022	2021	2022	2021
	(Un Audited)	(Un Audited)	(Un Audited)	(Un Audited)		(Un Audited)	(Un Audited)	(Un Audited)	(Un Audited)
Profit for the Period	129,660,352	56,931,188	207,070,056	128,662,053		104,302,215	32,035,786	166,667,374	83,842,255
Total Comprehensive Income, Net of Tax	129,660,352	56,931,188	207,070,056	128,662,053		104,302,215	32,035,786	166,667,374	83,842,255

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Raigam Wayamba Salterns PLC & Subsidiary Company

STATEMENT OF CHANGES IN EQUITY

Group	Stated	Revaluation	Retained	Total
Rs.	Capital	Reserve	Earnings
Balance as at 31st March 2021 (Audited)	604,414,640	124,319,086	699,983,644	1,428,717,370
Profit for the Period	-	-	215,590,447	215,590,447
Final Dividend for 2020/2021			(28,220,732)	(28,220,732)
Other Comprehensive Income			3,228,399	3,228,399
Balance as at 31st March 2022 (Audited)	604,414,640	124,319,086	890,581,758	1,619,315,484
Final Dividend for 2021/2022			(42,331,098)	(42,331,098)
Profit for the Period	-	-	207,070,056	207,070,056
Balance as at 30th September 2022 (Un Audited)	604,414,640	124,319,086	1,055,320,716	1,784,054,442
Company	Stated Capital	Revaluation	Retained	Total
Rs.	Reserve	Earnings
Balance as at 31st March 2021 (Audited)	604,414,640	98,607,740	580,402,051	1,283,424,431
Profit for the Period	-	-	171,557,412	171,557,412
Final Dividend for 2020/2021	-	-	(28,220,732)	(28,220,732)
Other Comprehensive Income	-	-	3,556,366	3,556,366
Balance as at 31st March 2022 (Audited)	604,414,640	98,607,740	727,295,097	1,430,317,477
Final Dividend for 2021/2022			(42,331,098)	(42,331,098)
Profit for the Period	-	-	166,667,374	166,667,374
Balance as at 30th September 2022 (Un Audited)	604,414,640	98,607,740	851,631,373	1,554,653,753

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