MYLAND DEVELOPMENTS PLC
INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS PERIOD ENDED 30TH SEPTEMBER, 2022
CONTENTS
Statement of Comprehensive Income
Statement of Financial Position
Statement of Changes in Equity
Statement of Cash Flows
Notes to the Financial Statements
MYLAND DEVELOPMENTS PLC
STATEMENT OF COMPREHENSIVE INCOME | Page 01 | |||||||
INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS PERIOD ENDED 30TH SEPTEMBER, 2022 | ||||||||
For The Three Month Ended | For The Six Month Ended | |||||||
30.09.2022 | 30.09.2021 | 30.09.2022 | 30.09.2021 | Change | ||||
Unaudited | Unaudited | Unaudited | Unaudited | |||||
Rs. | Rs. | Rs. | Rs. | % | ||||
Revenue | 16,871,264 | 101,155,033 | 32,386,213 | 119,353,321 | -73% | |||
Cost of sales | (9,905,028) | (68,651,256) | (18,022,439) | (69,006,583) | -74% | |||
Gross profit | 6,966,236 | 32,503,777 | 14,363,774 | 50,346,738 | -71% | |||
Other operating income | 86,212 | 619,534 | 260,083 | 729,786 | -64% | |||
Other gain /(losses) | 2,959,262 | (1,386,691) | 5,080,726 | 5,989,652 | 100% | |||
Selling & marketing expenses | (1,694,763) | (3,617,627) | (3,823,671) | (4,756,564) | -20% | |||
Administrative expenses | (8,187,293) | (5,480,871) | (17,515,353) | (9,739,342) | 80% | |||
Result from operating activities | 129,654 | 22,638,122 | (1,634,441) | 42,570,271 | -104% | |||
Finance income | 396,103 | 761 | 1,021,416 | 1,534 | 66501% | |||
Finance cost | (919,683) | (2,587,973) | (2,073,745) | (3,967,242) | -48% | |||
Net finance expenses | (523,580) | (2,587,212) | (1,052,329) | (3,965,708) | -73% | |||
Profit /(Loss) before taxation | (393,924) | 20,050,910 | (2,686,770) | 38,604,562 | -107% | |||
Income tax expenses | - | (5,600,403) | - | (5,600,403) | 0% | |||
Profit/(Loss) for the period | (393,924) | 14,450,507 | (2,686,770) | 33,004,159 | -108% | |||
Other comprehensive income | - | - | ||||||
Items that will not be re-classified to profit or loss | - | |||||||
Remeasurement of defined benefits liability | (107,785) | - | (215,570) | - | - | |||
Related tax on remeasurement of defined benefits liability | (15,090) | - | (30,180) | - | - | |||
Total comprehensive income for the period | (516,799) | 14,450,507 | (2,932,520) | 33,004,159 | -109% | |||
Earnings per share | -0.01 | 0.40 | -0.07 | 0.91 |
The above figures are subject to audit
Figures in brackets indicate deductions.
MYLAND DEVELOPMENTS PLC
STATEMENT OF CHANGES IN EQUITY | Page 03 | |||
INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS PERIOD ENDED 30TH SEPTEMBER, 2022 | ||||
Stated Capital | Revaluation | Retained | Total | |
Reserve | Earnings | |||
Rs. | Rs. | Rs. | Rs. | |
Balance as at 1st April 2021 | 25,000,000 | - | 36,167,010 | 61,167,010 |
Revaluation reserve | - | 10,661,100 | - | 10,661,100 |
Capitalization of reserve | 50,000,000 | - | (50,000,000) | - |
Profit for the period | - | - | 33,004,159 | 33,004,159 |
Balance as at 30th September 2021 | 75,000,000 | 10,661,100 | 19,171,169 | 104,832,269 |
Balance as at 1st April 2022 | 150,000,000 | 10,661,000 | 30,186,998 | 190,847,998 |
Profit for the period | - | - | (2,686,770) | (2,686,770) |
Other comprehensive income | - | - | (245,750) | (245,749) |
Total comprehensive income | 150,000,000 | 10,661,000 | 27,254,478 | 187,915,478 |
Final dividends for 2021/2022 | - | - | (9,062,500) | (9,062,500) |
Balance as at 30th September 2022 | 150,000,000 | 10,661,000 | 18,191,978 | 178,852,978 |
The above figures are subject to audit |
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Myland Developments Ltd. published this content on 15 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 November 2022 04:10:06 UTC.