LANKA TILES PLC

Provisional Financial Statements

For the Three months ended 30th June 2022

LANKA TILES PLC

PROVISIONAL FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED 30TH JUNE 2022

STATEMENT OF FINANCIAL POSITION

As at

ASSETS

Non-current assets

Property, plant and equipment

Capital work-in-progress

Right of use assets

Intangible assets

Investment properties

Investment in subsidiary

Investment in associates

Current assets

Inventories

Receivables & prepayments

Amounts due from related companies

Cash & cash equivalents

Total assets

EQUITY AND LIABILITIES

Capital and reserves

Stated capital (Note 3)

Reserves

Shareholders' funds

Non controlling interest

Total Equity

Non-current liabilities

Lease liabilities

Interest bearing liabilities

Deferred tax liabilities

Retirement benefit obligations

Current liabilities

Lease liabilities

Trade & other payables

Contract liability

Amounts due to related companies

Current tax liabilities

Interest bearing liabilities

Bank overdrafts

Total liabilities

Total equity and liabilities

Net asset value per share (Rs.)

Group

Company

30.06.2022

31.03.2022

30.06.2022

31.03.2022

Unaudited

Adjusted

Unaudited

Adjusted

Rs.'000

Rs.'000

Rs.'000

Rs.'000

6,033,240

6,147,169

6,033,240

6,147,169

390,672

324,010

390,672

324,010

52,799

65,378

52,799

65,378

8,598

8,970

8,598

8,970

483,091

483,091

-

-

-

-

270,242

270,242

1,485,799

1,563,428

1,424,025

1,501,249

8,454,199

8,592,046

8,179,576

8,317,018

3,446,307

2,473,794

3,446,307

2,473,794

2,174,041

910,523

2,163,720

910,523

560,164

14,109

501,954

65,168

3,639,068

4,936,501

3,626,375

4,919,853

9,819,580

8,334,927

9,738,356

8,369,338

18,273,779

16,926,973

17,917,932

16,686,356

900,968

900,968

900,968

900,968

11,369,253

10,714,433

11,190,315

10,539,132

12,270,221

11,615,401

12,091,283

11,440,100

11,230

8,095

-

-

12,281,451

11,623,496

12,091,283

11,440,100

29,125

38,753

29,125

38,753

604,167

666,667

604,167

666,667

922,513

907,441

868,869

853,796

167,999

158,999

167,999

158,999

1,723,804

1,771,860

1,670,160

1,718,215

35,916

36,753

35,916

36,753

2,122,186

1,548,896

2,115,712

1,548,770

200,571

90,233

200,571

90,233

604,710

232,352

499,376

228,902

796,512

897,744

796,285

897,744

250,000

250,000

250,000

250,000

258,629

475,639

258,629

475,639

4,268,524

3,531,617

4,156,489

3,528,041

5,992,328

5,303,477

5,826,649

5,246,256

18,273,779

16,926,973

17,917,932

16,686,356

46.26

43.79

45.58

43.13

The notes to the financial statements on page 05 form an integral part of the financial statements.

The figures in brackets indicate deductions

It is certified that the interim financial statements have been prepared in compliance with the requirements of the Companies Act No. 07 of 2007

Sgd.

General Manager (Finance)

The Board of Directors is responsible for the preparation and presentation of these financial statements.

Signed for and on behalf of the board by

Sgd.

Sgd.

Director

Director

9th August 2022

1

LANKA TILES PLC

PROVISIONAL FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED 30TH JUNE 2022

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

Group

Company

30.06.2022

30.06.2021

30.06.2022

30.06.2021

Period ended

Quarter

Quarter

Variance

Quarter

Quarter

Variance

Rs.'000

Rs.'000

%

Rs.'000

Rs.'000

%

Export sales

155,315

184,226

(16)

155,315

184,226

(16)

Local sales

4,357,355

2,703,408

61

4,357,355

2,703,408

61

Gross sales (inclusive of tax)

4,512,670

2,887,634

56

4,512,670

2,887,634

56

Sales (net of tax)

4,120,322

2,687,767

53

4,120,322

2,687,767

53

Cost of sales

(2,033,684)

(1,522,604)

34

(2,033,684)

(1,522,604)

34

Gross profit

2,086,638

1,165,163

79

2,086,638

1,165,163

79

Other operating income

7,504

5,388

39

6,915

4,917

41

Distribution costs

(483,908)

(297,212)

63

(483,908)

(297,212)

63

Administrative expenses

(175,559)

(136,245)

29

(174,800)

(136,097)

28

Operating profit / (loss)

1,434,675

737,094

95

1,434,845

736,771

95

Net finance income / (cost)

104,306

(645)

(16271)

104,306

(645)

(16271)

Share of results of equity-accounted investees

(17,746)

31,824

(156)

(18,341)

31,731

(158)

Profit / (Loss) before taxation

1,521,235

768,273

98

1,520,810

767,857

98

Taxation

(365,649)

(151,229)

142

(365,649)

(151,229)

142

Profit / (Loss) after tax

1,155,586

617,044

87

1,155,161

616,628

87

Other comprehensive income

ExchangeDeferred taxgaincomponent/ (loss) arising- gainsonontranslationrevaluationof offoreignland and

operations

6,347

472

1245

-

-

-

Total comprehensive income for the year

1,161,933

617,516

88

1,155,161

616,628

87

Profit attributable to:

Equity holders of the parent

1,155,561

616,961

87

1,155,161

616,628

87

Non Controlling Interest

25

84

(70)

-

-

Profit for the year

1,155,586

617,045

87

1,155,161

616,628

87

Total comprehensive income attributable to:

Equity holders of the parent

1,158,798

617,202

88

1,155,161

616,628

87

Non Controlling Interest

3,135

315

895

-

-

Total comprehensive income

1,161,933

617,517

88

1,155,161

616,628

87

Earnings per ordinary share-basic (Rs)

4.36

2.33

87

4.35

2.32

87

The notes to the financial statements on page 05 form an integral part of the financial statements.

The figures in brackets indicate deductions

2

LANKA TILES PLC

PROVISIONAL FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED 30TH JUNE 2022

STATEMENT OF CHANGES IN EQUITY

Group

Balance at 01st April 2021

Charge relating to Surcharge Tax (Note 8)

Balance at 01st April 2021 (Adjusted)

Net profit / (loss) for the period

Other comprehensive income Dividend for 2020/2021 (Interim 3)

Balance as at 30th June 2021 (Adjusted)

Balance at 01st April 2022 (Adjusted)

Net profit /(loss) for the period Other comprehensive income Dividend for 2020/2021 (Interim 3)

Balance as at 30th June 2022

Company

Balance at 01st April 2021

Charge relating to Surcharge Tax (Note 8)

Balance at 01st April 2021 (Adjusted)

Net profit / (loss) for the period

Dividend for 2020/2021 (Interim 3)

Balance as at 30th June 2022 (Adjusted)

Balance at 01st April 2022 (Adjusted)

Net profit / (loss) for the period

Dividend for 2021/2022 (Interim 3)

Balance as at 30th June 2022

Stated Capital

Amalgamation

Revaluation

Exchange

Retained

Total

Non Controlling

Shareholders'

Reserve

Reserve

Reserve

Earnings

Reserves

Interest

funds

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

900,968

460,151

1,122,372

385

7,443,205

9,026,113

6,192

9,933,273

-

-

-

-

(603,922)

(603,922)

-

(603,922)

900,968

460,151

1,122,372

385

6,839,283

8,422,191

6,192

9,329,351

-

-

-

-

616,961

616,961

84

617,045

-

-

-

241

-

241

231

472

-

-

-

-

(583,554)

(583,554)

-

(583,554)

900,968

460,151

1,122,372

626

6,872,690

8,455,839

6,507

9,363,314

900,968

460,151

1,115,159

2,183

9,136,940

10,714,433

8,095

11,623,496

-

-

-

-

1,155,561

1,155,561

25

1,155,586

-

-

-

3,237

-

3,237

3,110

6,347

-

-

-

-

(503,978)

(503,978)

-

(503,978)

900,968

460,151

1,115,159

5,420

9,788,523

11,369,253

11,230

12,281,451

Stated Capital

Amalgamation

Revaluation

Exchange

Retained

Total

Non Controlling

Shareholders'

Reserve

Reserve

Reserve

Earnings

Reserves

Interest

funds

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

900,968

460,151

1,122,372

-

7,262,289

8,844,813

-

9,745,781

-

-

-

-

(603,922)

(603,922)

-

(603,922)

900,968

460,151

1,122,372

-

6,658,367

8,240,891

-

9,141,859

-

-

-

-

616,628

616,628

-

616,628

-

-

-

-

(583,554)

(583,554)

-

(583,554)

900,968

460,151

1,122,372

-

6,691,441

8,273,965

-

9,174,933

900,968

460,151

1,115,159

-

8,963,822

10,539,132

-

11,440,100

-

-

-

-

1,155,161

1,155,161

-

1,155,161

(503,978)

(503,978)

(503,978)

900,968

460,151

1,115,159

-

9,615,005

11,190,315

-

12,091,283

The notes to the financial statements on page 05 form an integral part of the financial statements.

The figures in brackets indicate deductions

3

LANKA TILES PLC

PROVISIONAL FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED 30TH JUNE 2022

CASH FLOW STATEMENT

Period ended

CASH FLOWS FROM/(USED IN) OPERATING ACTIVITIES

Profit before income tax

Adjustments for:

Depreciation on tangible fixed assets

Depreciation on lease assets

Net Finance (income) / cost

Provision for retirement benefit obligations

Exchange (Gain) / loss

Interest Expense on lease liability

Share of results of associate

Operating profit (loss) before working capital changes

Changes in working capital

(Increase)/Decrease in inventories (Increase)/Decrease in trade and other receivables (Increase)/Decrease in due from related parties Increase/(Decrease) in trade & other payables Increase/(Decrease) in due to related parties

Cash generated from operations

Finance income received / (cost paid)

Retirement benefit costs paid

Income tax / Surcharge Tax paid

Net cash flows from/(used in) operating activities

CASH FLOWS FROM/(USED IN) INVESTING ACTIVITIES

Acquisition of property,plant,equipment

Dividend received

Net cash flows from /(used in) investing activities

CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES

Dividend paid

Proceeds from borrowings

Repayment of borrowings

Payments of Lease rentals

Net cash flows from /(used in) financing activities

Net Increase/(Decrease) in cash and cash equivalents

Movement in cash and cash equivalents

Net foreign exchange difference arising on translation of foreign operations Cash and cash equivalents at the beginning of the period

Cash and cash equivalents at the end of the period

Group

Company

30.06.2022

30.06.2021

30.06.2022

30.06.2021

Unaudited

Unaudited

Unaudited

Unaudited

Rs.'000

Rs.'000

Rs.'000

Rs.'000

1,521,235

768,274

1,520,810

767,857

114,346

110,622

114,346

110,622

12,579

4,164

12,579

4,164

(87,534)

(6,147)

(87,534)

(6,147)

10,087

8,999

10,087

8,999

(16,772)

6,792

(16,772)

6,792

5,485

2,025

5,485

2,025

17,746

(31,824)

18,341

(31,731)

1,577,172

862,905

1,577,342

862,581

(972,513)

(20,119)

(972,513)

(20,119)

(1,263,518)

33,661

(1,253,197)

33,666

(546,055)

36,245

(436,786)

34,715

701,554

(394,693)

693,980

(233,325)

372,358

130,291

270,474

(29,398)

(131,002)

648,290

(120,700)

648,119

87,534

6,147

87,534

6,147

(1,087)

(5,540)

(1,087)

(5,540)

(451,961)

(130,201)

(451,961)

(130,201)

(496,516)

518,696

(486,214)

518,525

(66,708)

(94,834)

(66,708)

(94,834)

58,883

68,697

58,883

68,697

(7,825)

(26,137)

(7,825)

(26,137)

(503,978)

(583,554)

(503,978)

(583,554)

-

-

-

-

(62,500)

(62,500)

(62,500)

(62,500)

(15,950)

(5,063)

(15,950)

(5,063)

(582,428)

(651,117)

(582,428)

(651,117)

(1,086,769)

(158,558)

(1,076,467)

(158,729)

6,347

472

-

-

4,460,862

2,271,874

4,444,213

2,259,217

3,380,439

2,113,788

3,367,746

2,100,489

The notes to the financial statements on page 05 form an integral part of the financial statements. The figures in brackets indicate deductions

4

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Lanka Tiles 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 12:04:10 UTC.