York Arcade : Quarterly Financial Statements as at 31.12.2021

YORK ARCADE HOLDINGS PLC

PQ 181

INTERIM FINANCIAL STATEMENTS

For The Nine Months Ended

31st December, 2021

YORK ARCADE HOLDINGS PLC

PQ 181

Statement of Financial Position

Audited		Un audited		Un audited
As at		As at		As at
31.03.2021		31.12.2021	31.12.2020
Rs.'000		Rs.'000		Rs.'000
	ASSETS
	Non-Current Assets
23,229	Other Financial Assets - Non Current	28,494	26,798
897	Deferred Tax Asset	897		950
24,126		29,391	27,748
	Current Assets
7,917	Trade and other Receivables	7,746	496
83,092	Amounts due from Related Companies	83,714	83,018
50,908	Short Term Investment	52,817	48,999
4,520	Cash & Cash Equivalents	2,528	6,407
146,437		146,805		138,920
170,563	Total Assets	176,196	166,668
	EQUITY & LIABILITIES
	Equity
14,400	Stated Capital	14,400	14,400
10,000	General Reserve	10,000	10,000
119,477	Retained Earnings	122,339	115,002
9,494	Fair Value Reserve	14,704		9,188
153,371	Total Equity	161,443	148,590
	Non-Current Liabilities
503	Deferred Tax Liability	503		502
503		503	502
	Current Liabilities
1,454	Trade and Other Payables	1,063	1,152
14,414	Income Tax Payable	13,187	16,424
-	Amounts due to Related Companies	-	-
821	Bank Overdraft	-
16,689	Total Current Liabilities	14,250		17,576
17,192	Total Liabilities	14,753		18,078
170,563	Total Equity and Liabilities	176,196	166,668
204.49	Net Assets per Share	215.26		198.12

The Board of Directors is responsible for Preparation and Presentation of these Financial Statements. For and on behalf of the Board.

(Sgd.)	(Sgd.)
S.D.R. Arudpragasam	S. Shanmugalingam
Director	Director
11.02.2022

YORK ARCADE HOLDINGS PLC

PQ 181

Statement of Comprehensive Income

	Audited				Un audited	Un audited			Un audited	Un audited
	Year				Quarter	Quarter	Variance	Nine months	Nine months	Variance
	ended				ended	ended	ended	ended
					%		%
	31.03.2021				31.12.2021	31.12.2020		31.12.2021	31.12.2020
	Rs. '000				Rs. '000	Rs. '000			Rs. '000	Rs. '000
	-	Revenue		-	-	-	-	-	-	-	-
	-	Direct Cost		-	-	-	-	-	-	-	-
	-	Gross Profit		-	-	-	-	-	-	-	-
	2,589	Other Income		31	16	+	94	50	31	+	61
	(4,488)	Administration Expenses		(842)	(1,154)	+	27	(2,502)	(3,137)	+	20
	-	Other (Expenses)/Income		-	-	-	-	-	-	-	-
	10,811	Net Finance Income / (Cost)	2,759	1,245	+	122	6,233	6,803	-	8
	8,912	Profit before Income Tax		1,948	107	+	1,721	3,781	3,697	+	2
	(1,627)	Income Tax		(476)	(26)	-	1,731	(919)	(887)	-	4
	7,285	Profit for the period		1,472	81	+	1,717	2,862	2,810	+	2
		Fair Value Gain (Loss) From
	3,100	Available for sale Financial Assets	4,211	202	+	1,985	5,209	2,793	+	87
		Tax on other Comprehensive Income
		Available for sale financial asset-
	(1)	reclassified to profit & Loss	-	-		-	-	-		-
		Total Comprehensive Income For
	10,384	the Period		5,683	283	+	1,908	8,071	5,603	+	44
	9.71	Earnings / (Deficit) per share (Rs.)	1.96	0.11			3.82	3.75
			Statement of Changes in Equity
				Stated	General	Retained		Fair Value	Total
				Capital	Reserve	Earnings		Reserve
				Rs.'000	Rs.'000	Rs.'000		Rs.'000	Rs.'000
	Balance as at 01st April 2020	14,400	10,000	112,192		6,395	142,987
	Net Profit / (Loss) for the period	-	-	2,810		-	2,810
	Other Comprehensive Income	-	-	-		2,793	2,793
	Balance as at 31st December, 2020	14,400	10,000	115,002		9,188	148,590
	Balance as at 01st April 2021	14,400	10,000	119,477		9,495	153,372
	Net Profit / (Loss) for the period	-	-	2,862		-	2,862
	Other Comprehensive Income	-	-	-		5,209	5,209
	Balance as at 31st December, 2021	14,400	10,000	122,339		14,704	161,443

YORK ARCADE HOLDINGS PLC

PQ 181

Statement of Cash Flow

Audited		Un audited		Un audited
Year		Nine Months		Nine Months
ended		ended		ended
31.03.2021		31.12.2021	31.12.2020
Rs. '000		Rs. '000		Rs. '000
	CASH FLOWS FROM OPERATING ACTIVITIES
8,912	Profit before Income Tax	3,781	3,697
	Adjustments for :
(10,860)	Interest Income	(6,233)	(6,852)
49	Interest Expense	-	49
(2,189)	Impairment reversal of financial assets measured at amortised cost	-	-
(399)	Dividend Income	(50)		(31)
(4,487) Profit before Working Capital Changes	(2,502)	(3,137)
112	(Increase) / Decrease in Trade and Other Receivables	171	(302)
180	(Increase) / Decrease in Amount due from related companies	2,319	154
(238)	Increase / (Decrease) in Trade and other payables	(391)	(540)
-	Increase / (Decrease) in Amount due to related companies	-		-
(4,433) Cash Generated from Operations	(403)	(3,825)
(49)	Interest paid	-	(49)
(13,385)	Income Tax paid	(2,145)		(10,690)
(17,868) Net Cash generated from / (used in) Operating Activities	(2,548)	(14,564)
	CASH FLOWS FROM INVESTING ACTIVITIES
15,159	Investment in Short Term Investments	-	20,369
399	Dividend Received	50	31
5,000	Debenture Redeemed	-	-
(7,834)	Loan granted	-	-
8,956	Interest Received	1,327	684
-	Proceeds from long term Investments	-		-
21,680	Net Cash generated from / (used in) Investing Activities	1,377	21,084
	CASH FLOWS FROM FINANCING ACTIVITIES
-	Re- Purchase of shares/Dividend Paid	-	-
-	Net Cash flow used in Financing Activities	-	-
3,812	Net Increase / (Decrease) in Cash & Cash Equivalents	(1,171)	6,520
(113)	Cash & Cash Equivalents at the beginning of the Year	3,699		(113)
3,699	Cash & Cash Equivalents at the end of the period	2,528	6,407
	Cash & Cash Equivalents at the end of the period
-	Fixed Deposits	-	-
4,520	Cash at Bank	2,528	6,407
-	Cash in Hand	-	-
(821)	Bank Overdraft	-		-
3,699		2,528	6,407

YORK ARCADE HOLDINGS PLC

PQ 181

NOTES TO THE INTERIM FINANCIAL STATEMENTS

For the Period Ended 31st December, 2021

1. The interim Financial Statements have been prepared in compliance with the requirements of the Sri Lanka Accounting Standard - LKAS 34 on Interim Financial Reporting. These Financial Statements should be read in conjunction with the Annual Financial Statements for the year ended 31st March, 2021.
2. The balances pertaining to the comparative period have been reclassified, where relevant, for better presentation and to be comparable with those of the current period.
3. No circumstances have arisen since the reporting period, that required adjustments to or disclosures in the financial statements.
4. The figures in the Financial Statements are provisional and subject to audit.
5. There has been no significant change in the nature of the contingent liabilities which were disclosed in the audited financial statements for the year ended 31st March 2021.
6. Directors direct shareholdings as at 31st December, 2021 as follows:

Name of Director	No. of Shares
Mr. S. Shanmugalingam	*195

*Aggregate of 179 fractional shares held in trust consequent to Consolidation of shares in 2018

Mr. Amrit Rajaratnam	30
7 The percentage of shares	held by the public as at 31st December, 2021 was 48.46%.

8 The Number of Public Shareholders as at 31.12.2021 were 1,267.