Kingsbury : Interim Financial Statements as of 31/12/2022

Company Registration PQ 203

No:48, Janadhipathi Mawatha

Colombo-01

Interim Financial Statements

For the Nine months ended 31st December 2022

THE KINGSBURY PLC

Statement of Profit or Loss

			##	(741,278)
(All amounts in Sri Lanka Rupees thousands)
	Unaudited	Unaudited		Unaudited	Unaudited		Audited
	9 Months ended	9 Months ended	Change	Quarter ended	Quarter ended	Change	Year ended
	31.12.2022	31.12.2021	%	31.12.2022	31.12.2021	%	31.03.2022
Turnover	2,604,824	1,200,183	<100	1,189,096	711,791	67	2,021,666
Cost of sales	(1,760,337)	(963,703)	(83)	(737,340)	(473,825)	(56)	(1,544,454)
Gross profit	844,487	236,480	<100	451,756	237,966	<100	477,212
Other income	7,302	12,704	(43)	2,011	1,038	94	25,406
Administrative expenses	(940,848)	(629,388)	(49)	(372,736)	(237,212)	(57)	(801,228)
Marketing expenses	(40,073)	(30,093)	(33)	(14,216)	(11,376)	(25)	(47,812)
		.
Results from operating activities	(129,132)	(410,297)	<100	66,815	(9,584)	<100	(346,421)
Finance income	22,771	1,033	<100	1,696	151	<100	25,633
Finance expenses	(285,810)	(93,181)	<(100)	(110,546)	(39,691)	<(100)	(135,750)
Loss before tax	(392,171)	(502,445)	22	(42,035)	(49,124)	14	(456,538)
					-
Taxation	22,812	(24,656)	<100	7,604	(8,219)	<100	29,702
Loss for the period	(369,359)	(527,101)	30	(34,431)	(57,343)	40	(426,836)
Basic Earnings per share (Rs.)	(0.76)	(1.09)		(0.07)	(0.12)		(0.88)

The notes on page 6 forms an integral part of these Financial Statements.

Figures in brackets indicate deductions or losses.

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(All amounts in Sri Lanka Rupees thousands)

Loss for the period

Other Comprehensive Income not to be reclassified to profit or loss in subsequent periods

Revaluation of buildings and building integrals Deferred tax effect on building and building integrals

Re-measurement loss on defined benefit plans

Deferred tax effect on defined benefit plans

Other Comprehensive Income for the period, net of tax

Total Comprehensive Income/(loss) for the year, net of tax

THE KINGSBURY PLC

Statement of Comprehensive Income

Unaudited	Unaudited		Unaudited	Unaudited		Audited
9 Months ended	9 Months ended	Change	Quarter ended	Quarter ended hange	Year ended
31.12.2022	31.12.2021	%	31.12.2022	31.12.2021	%	31.03.2022
(369,359)	(527,101)	30	(34,431)	(57,343)	40	(426,836)
-	-		-	-		82,116
-	-		-	-		(11,496)
-	-		-	-		(5,103)
-	-		-	-		714
-	-		-	-		66,231
(369,359)	(527,101)	30	(34,431)	(57,342)	40	(360,605)

The notes on page 6 forms an integral part of these Financial Statements.

Figures in brackets indicate deductions or losses.

2

THE KINGSBURY PLC

Statement of Financial Position

( All amounts in Sri Lanka Rupees thousands)
	Unaudited	Unaudited	Audited
	As at 31.12.2022	As at 31.12.2021	As at 31.03.2022
ASSETS
Non-current assets
Property Plant and Equipment	3,628,133	3,706,757	3,751,326
Capital Work in Progress	21,466	-	-
Intangible assets	5,434	6,251	5,952
Right-of-use asset	11,488	11,735	11,674
Total non-current assets	3,666,521	3,724,743	3,768,952
Current assets
Inventories	221,785	149,956	114,117
Trade and other receivables	320,624	274,820	178,357
Other current assets	106,231	181,896	122,202
Tax recoverable	8,431	8,431	8,431
Cash and cash equivalents	254,156	44,048	112,265
Total current assets
911,227	659,151	535,372
Total Assets
4,577,748	4,383,894	4,304,324
EQUITY AND LIABILITIES
Capital and reserves
Stated capital	836,000	836,000	836,000
Reserves	870,444	816,874	870,444
Retained earnings	(948,701)	(695,044)	(579,342)
Total Equity	757,743	957,830	1,127,102
Non- current liabilities
Interest-bearing borrowings	1,077,563	1,194,609	1,036,859
Post employment benefit obligation	70,488	64,440	67,659
Deferred tax liability	60,407	129,570	83,219
Lease liability	19,038	19,045	19,044
Other liabilities	600	800	1,820
Total non-current liabilities	1,228,096	1,408,464	1,208,601
Current Liabilities
Trade and other payables	1,288,874	1,023,473	881,306
Interest-bearing borrowings	852,997	446,449	597,535
Other current liabilities	182,030	112,688	112,291
Bank Overdraft	268,008	434,990	377,489
Total current liabilities
2,591,909	2,017,600	1,968,621
Total equity and liabilities
4,577,748	4,383,894	4,304,324

I certify that these Financial Statements have been prepared in compliance with the requirements of the Companies Act No 7 of 2007.

Sgd.

Ravindra Dissanayake

Head of Finance

Signed for and on behalf of the Board

Sgd.	Sgd.
A M Pandithage	R.J.Karunarajah
Executive Chairman	Managing Director

The notes on page 6 forms an integral part of these Financial Statements.

Figures in brackets indicate deductions or losses

31st January 2023

Colombo

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THE KINGSBURY PLC

Statement of Changes in Equity

(All amounts in Sri Lanka Rupees thousands)
	Stated Capital	Revaluation	Retained	Total
	Reserve	Earnings
Balance as at 01.04.2021	836,000	816,874	(167,943)	1,484,931
Loss for the nine months	-	-	(527,101)	(527,101)
Balance as at 31.12.2021	836,000	816,874	(695,044)	957,830
Balance as at 01.04.2022	836,000	870,444	(579,342)	1,127,102
Loss for the nine months	-	-	(369,359)	(369,359)
Balance as at 31.12.2022	836,000	870,444	(948,701)	757,743

The notes on page 6 forms an integral part of these Financial Statements.

Figures in brackets indicate deductions or losses.

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