Autodrome : Interim Accounts for the Quarter Ending 31st March 2022

THE AUTODROME PLC

INTERIM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31.03.2022

The Autodrome PLC

Share & Corporate Information

MARKET VALUE OF SHARES

The Market value of an ordinary share of The Autodrome PLC was as follows :

Quarter ended

1

Year endedYear ended

31.03.2022

31.03.2022

31.03.2021

Rs.

Rs.

Rs.

Closing price	115.00	115.00	70.10
Highest price for the period	220.00	220.00	92.00
Lowest price for the period	90.00	65.80	53.30
No. of shares	12,000,000	12,000,000	12,000,000
Market Capitalization	1,380,000,000	1,380,000,000	841,200,000
Float Adjusted Market Capitalization	291,097,200	291,097,200	178,082,040
RATIOS
Net Assets per Share	151.22	151.22	146.91
Annualised Earning per Share	4.24	4.24	5.11
Annualised Price Earning Ratio (times)	27.12	27.12	13.73
Corporate Information

Company Registration Number PQ‐84 Stock Exchange: AUTO.N0000

Board of Directors Mrs. Bernadette Aloysius BA‐ Chairperson

Mr. Jeremy Aloysius MBA (USA) ‐ Jt. Managing Director

Mr. Rajeev Aloysius FCMA, FCMA(UK), CGMA, MBA (Sri.J) ‐ Jt. Managing Director Mrs. Joanne Aloysius Rajiyah BSc (Lon.), MBA(Sri.J) ‐ Marketing Director

Prof. John Aloysius BSc, PhD (USA)

Ms. Julie A. Aloysius BA (USA)

Mr. Raviraj Ratnasabapathy FCMA(UK), CGMA, MBA (Sri.J.) Mr. Brihadisvara Ponnambalam

Mr. Ranil de Silva ACA, FCMA(UK), MCIM

Company Secretaries Accounting Systems and Secretarial Services (Pvt) Ltd.

Registered Office 304, Union Place, Colombo 2

Lawyers M/s. D.L. & F. de Saram, Attorneys‐at‐law Auditors Ernst & Young, Chartered Accountants Bankers Standard Chartered Bank , Main Office

Hatton National Bank, Head Office Branch Commercial Bank of Ceylon Ltd., City Office People's Bank, Union Place

Sampath Bank, Colombo Super Branch

The Autodrome PLC

Statement of Financial Position

Company	Group
Unaudited	Audited	Unaudited	Audited
31.03.2022	31.03.2021	31.03.2022	31.03.2021
Rs.ʹ000	Rs.ʹ000	Rs.ʹ000	Rs.ʹ000
Assets
Non‐current assets
Property, Plant & Equipment	1,822,206	1,838,495	1,822,206	1,838,495
Intangible Assets	21	81	21	81
Investments	500	500	‐	‐
Other Financial Assets	128,530	81,434	135,630	88,534
1,951,256	1,920,510	1,957,856	1,927,110
Current Assets
Inventories	65,702	147,899	65,702	147,899
Trade Receivables & Other Receivables	26,820	70,640	27,332	70,991
Other Financial Assets	343,719	264,359	347,714	267,615
Cash and Cash Equivalents	28,308	736	31,312	1,676
464,548	483,634	472,060	488,181
Total Assets	2,415,804	2,404,144	2,429,916	2,415,291
Equity and Liabilities
Capital and Reserves
Stated Capital	12,440	12,440	12,440	12,440
Revaluation Reserve	1,262,539	1,266,690	1,262,539	1,266,690
Revenue Reserves	528,277	480,095	539,623	490,846
Shareholdersʹ Funds	1,803,256	1,759,225	1,814,602	1,769,976
Non‐current Liabilities
Deferred Taxation	414,019	418,927	414,019	418,927
Retirement Benefit Obligations	28,795	25,943	28,795	25,943
442,814	444,870	442,814	444,870
Current Liabilities
Trade and Other Payables	163,548	179,381	166,033	180,053
Current Tax Liability	6,185	17,725	6,466	17,449
Amount Due to related party	‐	‐	‐	‐
Bank Overdraft	‐	2,943	‐	2,943
169,733	200,049	172,499	200,445
Total Liabilities	612,547	644,919	615,313	645,315
Total Equity and Liabilities	2,415,804	2,404,144	2,429,916	2,415,291

2

The Statement of Financial Position as at 31st March 2022 and the Statement of Comprehensive Income, Statement of Changes in Equity & Cash Flow Statement for the quarter then ended, are drawn up from the unaudited financial statements of the Company and provide the information required by the Colombo Stock Exchange.

Rajeev Aloysius

Jt. Managing Director 27 April 2022

Jeremy Aloysius

Jt. Managing Director

The Autodrome PLC

Interim Financial Statements for Y/E 31 March 2022

Company Statement of Profit or Loss & Other Comprehensive Income

Quarter ended 31 March 2022

Note

Turnover Cost of Sales Gross Profit

Other Operating Income

Less :Expenses Administrative Expenses Marketing Expenses

Operating Profit Finance Income Finance Cost

Profit before taxation Taxation

Profit after taxation

Other Comprehensive Income

Other Comprehensive income not to be reclassified to profit or loss in subsequent Acturial Gain/(Loss) on Define Benefit Plan Income Tax Effect

Revaluation Land Revaluation of Building Income Tax

Reversal of deferred tax on revaluation of Assets due to the change in Income tax

Other comprehensive for the year net of taxes

Total Comprehensive Income for the year net of taxes Earnings Per Share (Rs.)

(Unaudited)

177,931

(133,131)

44,800

6

• 37,152 20.6%

  4,370

  49,170

  (31,097) (1,289) (32,385)

  7 8

• 45,916 7.1%

(29,673) 4.8%

(29,810) 8.6%

16,784 10,413 (32,131) (4,934)

• 20,649 (123.9%)

• 5,988 (746) (902.7%)

1,054

‐ ‐ ‐ ‐ ‐ ‐

‐ ‐

1,054

19,903 (94.7%)

19,903 (94.7%)

0.09

Note: All values are in Rupees ʹ000s, unless otherwise stated.The above figures are subject to audit.

2021

(Unaudited)

125,453 41.8%

(88,301) 50.8%

• 8,764 (50.1%)

  (137) 840.5%

  • 16,106 4.2%

  • 7,702 35.2%

  • (3,159) 917.1%

    1.66

    ‐ ‐ ‐ ‐ ‐ ‐

    Year Ended 31 March

    2022 (Unaudited)

    651,374

    (482,110)

    169,264

    25,760

    195,024

    (115,616)

    (6,803) (122,418)

    72,605

    32,231

    (40,709)

    64,127

    (13,239)

    50,888

    ‐ 464 (111)

    ‐ ‐ ‐

    ‐ ‐

    ‐ 352 51,241

    2021 (Audited)

    3

    509,242 27.9%

    (370,287) 30.2%

    • 138,955 21.8%

    • 47,280 (45.5%)

    186,235 4.7%

    • (114,291) 1.2%

    • (2,952) 130.4%

    • (117,243) 4.4%

    • 68,991 5.2%

    • 26,547 21.4%

    (5,885) 591.7%

    89,682 (28.5%)

    (28,422) (53.4%)

    61,260 (16.9%)

    ‐

    (2,493) (118.6%)

    598 (118.6%) ‐ ‐ ‐

    68,096

    66,201 (99.5%)

    127,461 (59.8%)

    (94.7%) Note 8

    4.24

    5.11 (16.9%)

The Autodrome PLC

Interim Financial Statements for Y/E 31 March 2022

Group Statement of Profit or Loss & Other Comprehensive Income

2022 (Unaudited)

Turnover Cost of Sales

Gross Profit

Other Operating Income

Less: Expenses Administrative Expenses Marketing Expenses

Operating Profit

Finance Income Finance Cost

Profit before taxation Taxation

Profit after taxation

Other Comprehensive Income

Other Comprehensive income not to be reclassified to profit or loss in subsequent Acturial Gain/(Loss) on Define Benefit Plan Income Tax Effect of Actuarial Gain Revaluation of Land

Revaluation of Building Income Tax

Reversal of deferred tax on revaluation of Assets due to the change in Income tax

Other comprehensive for the year net of taxes

6

7 8

Total Comprehensive Income for the year net of taxes Earnings Per Share (Rs.)

178,174

(133,131)

45,042

4,370

49,412

(31,759) (1,289)

(33,047)

2021 (Unaudited)

125,615 41.8%

(88,301) 50.8%

• 37,314 20.7%

• 8,764 (50.1%)

• 46,078 7.2%

(29,886) 6.3%

(30,023) 10.1%

16,364 10,693 (32,131) (5,074)

• 20,859 (124.3%)

• 5,925 (797) (843.4%)

851

‐ ‐ ‐ ‐ ‐

‐ ‐

5,925

20,062 (95.8%)

20,062 (70.5%)

0.07

Note: All values are in Rupees ʹ000s, unless otherwise stated. The above figures are subject to audit.

(137) 840.5%

• 16,055 1.9%

• 7,963 34.3%

• (3,159) 917.1%

  1.67

  ‐ ‐ ‐ ‐ ‐

  Year Ended 31 March

  2022 (Unaudited)

  652,238

  (482,110)

  170,127

  25,625

  195,752

  (116,078)

  (6,803)

  (122,880)

  72,871

  33,326

  (40,709)

  65,488

  (13,598)

  51,890

  ‐

  464 (111)

  ‐ ‐ ‐

  ‐ ‐

  ‐ 352

  52,243

  2021 (Audited)

  4

  509,364 28.0%

  (370,287) 30.2%

  • 139,077 22.3%

  • 46,942 (45.4%)

  186,019 5.2%

  • (114,683) 1.2%

  • (2,952) 130.4%

  • (117,635) 4.5%

  • 68,383 6.6%

  • 27,737 20.1%

  (5,885) 591.7%

  90,264 (27.4%)

  (28,594) (52.4%)

  61,670 (15.9%)

  ‐

  (2,493) (118.6%)

  598 (118.6%) ‐ ‐ ‐

  68,096

  66,201 99.5%

  127,871 59.1%

  (95.8%) Note 8

  4.32

  5.14

  (15.9%)