GALLE FACE CAPITAL PARTNERS PLC GALLE FACE CAPITAL PARTNERS PLC
INTERIM FINANCIAL STATEMENTS - FOR THE YEAR ENDED
31ST MARCH 2022
CONTENT:
Statement of Profit or Loss and Other Comprehensive Income -1
Statement of Financial Position -2
Statement of Changes in Equity -3
Statement of Cash Flows -4
Notes to the Financial Statements -5-6
Top 20 Major Shareholders -7
Corporate Information -8
GALLE FACE CAPITAL PARTNERS PLC
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
For the year ended 31st March | ||||
Rs.'000 | Rs.'000 | |||
QUARTER ENDED | YEAR ENDED | |||
31.03.2022 | 31.03.2021 | 31.03.2022 | 31.03.2021 | |
UNAUDIT ED | UNAUDIT ED | UNAUDIT ED | AUDIT ED | |
Revenue | 882 | 22,937 | 2,885 | 81,562 |
Administrative and other Operating Expenses | (242) | (3,051) | (516) | (4,394) |
Share of Profit/(Loss) of Investment in Equity -Accounted Investees | (642) | - | (642) | - |
Loss on Fair Value of Investments Measured at Fair Value Through Profit or Loss | (117,812) | (16,439) | (104,042) | - |
Profit/(Loss) from Operation | (117,814) | 3,447 | (102,315) | 77,168 |
Finance Income | 5,280 | - | 23,043 | 19,470 |
Finance Cost | (5) | - | (7) | - |
Profit/(Loss) before Taxation | (112,539) | 3,447 | (79,279) | 96,638 |
Taxation | (1,260) | (1,326) | (5,525) | (4,970) |
Profit/(Loss) for the year | (113,799) | 2,121 | (84,804) | 91,668 |
Other Comprehensive Income | - | - | - | - |
Total Comprehensive Income/(Expense) for the year | (113,799) | 2,121 | (84,804) | 91,668 |
Earnings/(Loss) Per Share (Rs.) | (4.41) | 0.08 | (3.28) | 3.55 |
Dividend Per Share (Rs.) | - | - | - | - |
- The above figures are provisional and subject to audit.
- Figures in brackets indicate deductions.
Page 1 of 8 | INTERIM FINANCIAL STATEMENTS |
GALLE FACE CAPITAL PARTNERS PLC
STATEMENT OF FINANCIAL POSITION
AS AT | 31.03.2022 | 31.03.2021 |
Rs.'000 | Rs.'000 | |
UNAUDITED | AUDITED | |
Assets | ||
Non Current Assets | ||
Investments - Measured at Fair Value Through Profit or Loss | 337,221 | - |
Investment in Equity - Accounted Investees | 143,187 | - |
Total Non Current Assets | 480,408 | - |
Current Assets | ||
Trade & Other Receivables | 26,401 | - |
Cash and Cash Equivalents | 194,926 | 787,938 |
Total Current Assets | 221,327 | 787,938 |
Total Assets | 701,735 | 787,938 |
Equity and Liabilities | ||
Equity | ||
Stated Capital | 513,656 | 513,656 |
Revenue Reserves | 186,366 | 271,170 |
Total Equity | 700,022 | 784,826 |
Current Liabilities | ||
Other payables | 394 | 2,428 |
Income Tax Payable | 1,282 | 684 |
Bank Overdraft | 37 | - |
Total Current Liabilities | 1,713 | 3,112 |
Total Equity & Liabilities | 701,735 | 787,938 |
Net Assets per share (Rs.) | 27.10 | 30.38 |
The Above figures are provisional and subject to audit.
I certify that the Interim Financial Statements have been prepared in compliance with the requirements of the Companies Act No.7 of 2007.
T.M . Dilum Nanayakkara
Chief Financial Officer
The Board of Directors is responsible for the preparation and presentation of these Financial Statements. These Financial Statements were approved and signed for and on behalf of the Board of Directors of Galle Face Capital Partners PLC.
P. Gunatilake | S . V. Rajiyah |
Director | Director |
30th May 2022 |
Page 2 of 8 | INTERIM FINANCIAL STATEMENTS |
GALLE FACE CAPITAL PARTNERS PLC
STATEMENT OF CHANGES IN EQUITY
For the year Ended | Stated | Revenue Reserves | Total | |
Capital | General Reserve | Retained Earnings | ||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | |
Balance as at 1st April 2020 | 513,656 | 619 | 178,067 | 692,342 |
Profit for the year | - | - | 91,668 | 91,668 |
Forfeiture of unclaimed dividends | - | - | 816 | 816 |
Balance as at 31st March 2021 | 513,656 | 619 | 270,551 | 784,826 |
Balance as at 1st April 2021 | 513,656 | 619 | 270,551 | 784,826 |
Loss for the year | - | - | (84,804) | (84,804) |
Balance as at 31st March 2022 | 513,656 | 619 | 185,747 | 700,022 |
- The above figures are provisional and subject to audit.
- Figures in brackets indicate deductions.
Page 3 of 8 | INTERIM FINANCIAL STATEMENTS |
GALLE FACE CAPITAL PARTNERS PLC
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31ST MARCH
Cash Flow from Operating Activities
Profit/(Loss) Before Tax
Adjustments:
Finance Income
Finance Cost
Gain on Disposal of Quoted Shares
Loss on Investments - Measured at Fair value Through Profit or Loss
Share of Profit/(Loss) of Investmnet in Equity -Accounted Investees
Operating Cash Flows before Working Capital changes
Changes in Working Capital
(Increase)/Decrease in Other Current Assets (Increase)/Decrease in investments Increase/(Decrease) in Trade and Other Payables
Cash Flows Generated from Operations
Acquisition of Equity Accounted Investees
Income Tax Paid
Proceeds from Disposal of Shares
Investment in Shares
Net Cash Flows generated from Operating Activities
Cash Flows from Investing Activities
Interest Received
Finance Cost
Net Cash Flows generated from Investing Activities
Net Increase/(Decrease) in Cash and Cash Equivalents
Cash and Cash Equivalents at the beginning of the period
Cash and Cash Equivalents at the end of the period
2022 | 2021 |
Rs.'000 | Rs.'000 |
UNAUDITED | AU DITED |
(79,279) | 96,638 |
(23,043) | - |
7 | - |
(1,482) | - |
104,042 | - |
642 | - |
887 | 96,638 |
(26,401)81
- 440,022
(2,034)(1,700)
(27,548) 535,041
(143,829) | - |
(4,927) | (5,039) |
162,040 | - |
(601,821) | - |
(616,085) | 530,002 |
23,043 | - |
(7) | |
23,036 | - |
(593,049) | 530,002 |
787,938 | 257,936 |
194,889 | 787,938 |
- The above figures are provisional and subject to audit.
- Figures in brackets indicate deductions.
Page 4 of 8 | INTERIM FINANCIAL STATEMENTS |
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Guardian Capital Partners plc published this content on 31 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2022 10:19:03 UTC.
