Central Industries : Financial statements as at 31st March 2022

CENTRAL INDUSTRIES PLC

(Company Reg.No. PQ 121)

INTERIM CONDENSED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2022

(UNAUDITED)

CENTRAL INDUSTRIES PLC

INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

			Group					Company
FOR THE YEAR ENDED	31/03/22	31/03/21	Change	31/03/22	31/03/21	Change
	Rs.'000	Rs.'000	%		Rs.'000		Rs.'000	%
Revenue	6,731,883		4,122,942		63	6,731,883		4,122,942		63
Cost of Sales	(5,324,800)	(3,326,602)	60	(5,324,800)	(3,326,602)	60
Gross Profit	1,407,083		796,340		77	1,407,083		796,340		77
Other Income	2,239		8,601		(74)	2,239		8,601		(74)
Selling and Distribution Expenses	(245,390)	(224,826)	9	(245,390)	(224,826)	9
Administrative Expenses	(127,874)	(113,780)	12	(127,732)	(113,378)	13
Operating Profit	1,036,058		466,335		122		1,036,200			466,737		122
Finance Income	41,549		21,188		96	41,572		21,117		97
Finance Cost	(401,969)	(18,225)	2,106	(402,283)	(18,664)	2,055
Net Finance Income / (Cost)	(360,420)	2,963			(360,711)	2,453
Profit Before Taxation	675,638		469,298		44		675,489			469,190		44
Income Tax Expenses	(173,544)	(66,185)	162	(173,497)	(66,153)	162
Profit for the Year	502,094		403,113		25		501,992			403,037		25
Other Comprehensive Income
Acturial Gain / (Loss) on Defined Benefit Obligations	9,030		(5,045)		9,030		(5,045)
Deferred Tax on Acturial Gain / (Loss) Defined Benefit Obligations	(1,625)	908			(1,625)	908
Deferred Tax Reversal on Revaluation of Land and Building	-		47,233				-			47,233
Other Comprehensive Income for the Year	7,405		43,096				7,405			43,096
Total Comprehensive Income for the Year	509,499		446,209			509,397		446,133
Profit attributable to
Owners of the Company	502,094		403,113			501,992		403,037
Non-Controlling Interests	-		-			-		-
Total Comprehensive Income attributable to
Owners of the Company	509,499		446,209			509,397		446,133
Non Controlling Interests	-		-			-		-
Basic Earnings per Share (Rs.)	23.04		19.48			23.04		19.47

CENTRAL INDUSTRIES PLC

INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

			Group					Company
FOR THE THREE MONTHS ENDED	31/03/22	31/03/21	Change	31/03/22	31/03/21	Change
	Rs.'000		Rs.'000	%		Rs.'000		Rs.'000	%
Revenue	1,797,596		1,250,697		44	1,797,596		1,250,697		44
Cost of Sales	(1,331,436)	(1,024,461)	30	(1,331,436)	(1,024,461)	30
Gross Profit	466,160		226,236		106		466,160		226,236		106
Other Income	661		2,027		(67)	661		2,141		(69)
Selling and Distribution Expenses	(46,209)	(62,943)	-27	(46,209)	(62,943)	(27)
Administrative Expenses	(35,539)	(36,712)	-3	(35,531)	(36,420)	(2)
Operating Profit	385,073			128,608		199		385,081			129,014		198
Finance Income	(23,387)	8,541		-374	(23,391)	8,470		(376)
Finance Cost	(361,360)	(5,500)	6,470	(361,437)	(5,595)	6,360
Net Finance Income/ (Cost)	(384,747)	3,041		-12,752	(384,828)	2,875		(13,485)
Profit Before Taxation	326			131,649		-100		253			131,889		(100)
Income Tax Expenses	(38,415)	(10,128)	279	(38,394)	(10,161)	278
Profit/ (Loss) for the period	(38,089)	121,521		-131	(38,141)	121,728		(131)
Other Comprehensive Income
Acturial Gain / (Loss) on Defined Benefit Obligations	9,030		(5,045)		9,030		(5,045)
Deferred Tax on Acturial Gain / ( Loss) Defined Benefit Obligations	(1,625)	908			(1,625)	908
Deferred Tax Reversal on Revaluation of Land & Building	-		47,233				-		47,233
Other Comprehensive Income for the Period	7,405		43,096				7,405		43,096
Total Comprehensive Income/ (Expense) for the Period	(30,684)	164,617			(30,736)	164,824
Profit attributable to
Owners of the Company	(38,089)	121,521			(38,141)	121,728
Non-Controlling Interests	-		-			-		-
Total Comprehensive Income attributable to
Owners of the Company	(30,684)	164,617			(30,736)	164,824
Non Controlling Interests	-		-			-		-
Basic Earnings per Share (Rs.)	(1.75)	5.87			(1.75)	5.88

CENTRAL INDUSTRIES PLC

INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31ST MARCH 2022

GROUP

	Stated	Revaluation	General	Retained	Total
	Capital	Reserve	Reserve	Earnings	Equity
	Rs.000	Rs.000	Rs.000	Rs.000	Rs.000
Balance as at 1st April 2020	121,320		356,619		100,814		1,196,356		1,775,109
Comprehensive Income for the Year
Profit for the year	-		-		-		403,113		403,113
Other Comprehensive Income for the Year
Defered Tax Liability on Revaluation Surplus	-		47,233		-		-		47,233
Acturial Loss on Defined Benefit Obligations	-		-		-		(5,045)	(5,045)
Deferred Tax on other Comprehensive Income	-		-		-		908		908
Total Comprehensive Income for theYear	-		47,233		-		398,976		446,209
Depreciation on Revaluation Surplus	-		(2,626)	-		2,626		-
Deferred Tax on Revaluation Surplus	-		657		-		(657)	-
Final Dividend 2019/20 - Paid	39,511		-		-		(79,074)	(39,563)
Unclaimed Dividend forfeited	-		-		-		235		235
Balance as at 31st March 2021	160,831		401,883		100,814		1,518,462		2,181,990
Balance as at 1st April 2021	160,831		401,883		100,814		1,518,462		2,181,990
Comprehensive Income for the Year
Profit for the year	-		-		-		502,094		502,094
Other Comprehensive Income for the Year
Acturial Gain on Defined Benefit Obligations	-		-		-		9,030		9,030
Deferred Tax on other Comprehensive Income	-		-		-		(1,625)	(1,625)
Total Comprehensive Income for the Year	-		-		-		509,499		509,499
Depreciation on Revaluation Surplus	-		(2,626)	-		2,626		-
Deferred Tax on Revaluation Surplus	-		657		-		(657)	-
Final Dividend 2020 / 21 - Paid	124,081		-		-		(165,585)	(41,504)
Unclaimed Dividend forfeited	-		-		-		523		523
Balance as at 31 st March 2022	284,912		399,914		100,814		1,864,868		2,650,508