INDUSTRIAL ASPHALTS (CEYLON) PLC QUARTERLY ACCOUNTS
Q1 - 2022/2023
INDUSTRIAL ASPHALTS (CEYLON) PLC
QUARTERLY ACCOUNTS
Q1 2022/2023
3 IAC - QUARTERLY ACCOUNTS - Q1 - 2022/2023
INDUSTRIAL ASPHALTS (CEYLON) PLC
STATEMENT OF COMPREHENSIVE INCOME
For the three months ended | For the | quarter ended | ||||||
30.06.22 | 30.06.21 | 30.06.22 | 30.06.21 | |||||
Notes | (unaudited) (unaudited) Change % | (unaudited) | (unaudited) Change % | |||||
Notes | Rs'000 | Rs'000 | Rs'000 | Rs'000 | ||||
Continuing Operations | ||||||||
Revenue | 4 | 14,974 | 10,340 | 45% | 14,974 | 10,340 | 45% | |
Cost of Sales | - | - | 0% | - | - | 0% | ||
Gross Profit | 14,974 | 10,340 | 45% | 14,974 | 10,340 | 45% | ||
Other Operating Income | - | - | 0% | - | - | 0% | ||
Administrative Expenses | 5 | (4,515) | (1,623) | -178% | (4,515) | (1,623) | -178% | |
Gain/ (Loss) on Revaluation of Investment Property | - | - | 0% | - | - | 0% | ||
Profit/ (Loss) from Operating Activities | 10,459 | 8,717 | 20% | 10,459 | 8,717 | 20% | ||
Net Finance Income/ (Charges) | (13) | (12) | -7% | (13) | (12) | -7% | ||
Profit/ (Loss) before Tax from Continuing | 10,447 | 8,706 | 20% | 10,447 | 8,706 | 20% | ||
Operations | ||||||||
Tax (Expense)/ Reversal | 1,123 | (293) | 483% | 1,123 | (293) | 483% | ||
Profit/ (Loss) for the period from Continuing | 11,569 | 8,412 | 38% | 11,569 | 8,412 | 38% | ||
Operations | ||||||||
Discontinued Operations | ||||||||
Profit/ (Loss) from Discontinued Operations | 11.1 | - | (6,325) | 100% | - | (6,325) | 100% | |
Profit/ (Loss) for the period | 11,569 | 2,087 | 454% | 11,569 | 2,087 | 454% | ||
Other Comprehensive Income/ (Expenses) for | ||||||||
the period | ||||||||
Other Comprehensive Income for the period | ||||||||
(net of tax) | - | - | 0% | - | - | 0% | ||
Total Comprehensive Income/ (Expenses) for the | 11,569 | 2,087 | 454% | 11,569 | 2,087 | 454% | ||
period net of tax | ||||||||
Profit/ (Loss) attributable to: | ||||||||
Equity Holders of the Company | 11,569 | 2,087 | 454% | 11,569 | 2,087 | 454% | ||
Earnings per share (Rs.): | ||||||||
Diluted and Basic Earnings/ (Loss) per Ordinary | ||||||||
Share | 0.003 | 0.001 | 0.003 | 0.001 | ||||
Figures in brackets indicate deductions. |
The above figures are provisional and subject to audit.
4 IAC - QUARTERLY ACCOUNTS - Q1 - 2022/2023
INDUSTRIAL ASPHALTS (CEYLON) PLC
STATEMENT OF FINANCIAL POSITION
As at | Notes |
ASSETS
Property, Plant and Equipment
Other Fixed Assets
Investment Property
Non-current Assets
Trade and Other Receivables
Other Financial Assets6
Income Tax Overpaid
Cash & Cash Equivalents
Current Assets
TOTAL ASSETS
EQUITY & LIABILITIES
Capital & Reserves
Stated Capital
General Reserve
Retained Earnings
Total Equity
Liabilities
Deferred Tax Liability
Retirement Benefit Obligation
Non-current Liabilities
Trade and Other Payables
Rent Deposit Received
Income Tax Payable
Unclaimed Dividends
Bank Overdraft
Current Liabilities
Total Liabilities
TOTAL EQUITY & LIABILITIES
Net Assets Value per Ordinary Share (Rs.)
30.06.22 31.03.22
(unaudited) | (unaudited) | Change % |
Rs'000 | Rs'000 | |
13,652 | 13,721 | 0% |
11,653 | 11,533 | 1% |
1,048,761 | 1,048,761 | 0% |
1,074,066 | 1,074,015 | 0% |
1,122 | 1,367 | -18% |
178,906 | 168,697 | 6% |
- | 820 | -100% |
293 | 4 | 6722% |
180,321 | 170,889 | 6% |
1,254,387 | 1,244,904 | 1% |
156,642 | 156,642 | 0% |
15,141 | 15,141 | 0% |
1,054,546 | 1,042,976 | 1% |
1,226,329 | 1,214,760 | 1% |
(10,202) | (7,609) | 34% |
278 | 203 | -37% |
(9,923) | (7,406) | 34% |
247 | 465 | 47% |
35,400 | 35,400 | 0% |
650 | - | -100% |
1,685 | 1,685 | 0% |
- | - | 0% |
37,981 | 37,550 | -1% |
28,058 | 30,144 | 7% |
1,254,387 | 1,244,904 | 1% |
0.33 | 0.32 |
The Statement of Financial Position as at 30th June 2022 and related Statements of Comprehensive Income, Changes in Equity and Cash Flow for the period ended 30th June 2022 are drawn up from the unaudited Financial Statements of the Company, and they provide the information required by the Colombo Stock Exchange.
The Board of Directors is responsible for the preparation and presentation of these Financial Statements. The Financial Controller certifies that the Financial Statements have been prepared in compliance with the requirements of the Companies Act No. 7 of 2007.
-
Fernando
Financial Controller
Approved and signed for and on behalf of the Board of Directors
Director | Director |
10th August 2022
Colombo
5 IAC - QUARTERLY ACCOUNTS - Q1 - 2022/2023
INDUSTRIAL ASPHALTS (CEYLON) PLC
STATEMENT OF CHANGES IN EQUITY
For the three months ended 30th June 2022
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 2021 (audited) | 156,642 | 46,113 | 15,141 | 770,505 | 988,401 | |
Net Profit/ (Loss) for the three months - Continuing Operations | - | - | - | 8,412 | 8,412 | |
Net Profit/ (Loss) for the three months - Discontinued Operations | - | - | - | (6,325) | (6,325) | |
Other Comprehensive Income for the period | - | - | - | - | - | |
Total Comprehensive Income for the period | 156,642 | 46,113 | 15,141 | 772,592 | 990,489 | |
Net Profit/ (Loss) for the nine months - Continuing Operations | - | - | - | 223,653 | 223,653 | |
Net Profit/ (Loss) for the nine months - Discontinued Operations | - | - | - | - | - | |
Transferred from Revaluation Reserve | - | (46,113) | - | 46,113 | - | |
Other Comprehensive Income for the period | - | - | - | 619 | 619 | |
Total Comprehensive Income for the period | 156,642 | - | 15,141 | 1,042,976 | 1,214,760 | |
Transactions with equity holders | ||||||
Dividend paid | - | - | - | - | - | |
Balance as at 31st March 2022 (unaudited) | 156,642 | - | 15,141 | 1,042,976 | 1,214,760 | |
Balance as at 1st April 2022 (unaudited) | 156,642 | - | 15,141 | 1,042,976 | 1,214,760 | |
Net Profit/ (Loss) for the three months - Continuing Operations | - | - | - | 11,569 | 11,569 | |
Net Profit/ (Loss) for the three months - Discontinued Operations | - | - | - | - | - | |
Other Comprehensive Income for the period | - | - | - | - | - | |
Total Comprehensive Income for the period | 156,642 | - | 15,141 | 1,054,546 | 1,226,329 | |
Transactions with equity holders | ||||||
Dividend paid | - | - | - | - | - | |
Balance as at 30th June 2022 (unaudited) | 156,642 | - | 15,141 | 1,054,546 | 1,226,329 |
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Industrial Asphalts (Ceylon) plc published this content on 12 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2022 02:58:01 UTC.
