Shalimar Malay : Interim Financial Statements as of 31st March 2022

Shalimar (Malay) PLC

Summarised Financial Report

for the year ended

31st March 2022

SHALIMAR (MALAY) PLC

Statement of Profit or Loss

	Quarter ended		Year ended
(All figures in Sri Lankan Rupees '000)	31st March	Change	31st March	Change
	2022	2021		2022	2021
			%			%
Dividend income	-	-	-	21,356	-	100%
Interest income	134	533	-75%	320	2,385	-87%
Other income	1	8	-88%	1	8	-88%
Administrative expenses	(609)	165	-469%	(2,033)	(1,325)	53%
Profit / (loss) before tax for the period	(474)	706	-167%	19,644	1,068	1739%
Income tax expense	-	-	-	-	-	-
Profit / (loss) for the period	(474)	706	-167%	19,644	1,068	1739%
Earnings Per Share (Rs.)	(0.09)	0.13		3.64	0.20
Statement of comprehensive income	Quarter ended		Year ended
	31st March	Change	31st March	Change
	2022	2021		2022	2021
			%			%
Profit for the period	(474)	706	-167%	19,644	1,068	1739%
Other comprehensive income
Other Comprehensive Income / (Expenses) not to
be reclassified to profit or loss in subsequent periods
Gain on Change in Fair Value of Financial Assets	3,590,300	1,328,082	170%	3,590,300	1,328,082	170%
classified under Fair Value through OCI (FVOCI)
Net Other Comprehensive Income not to be	3,590,300	1,328,082	170%	3,590,300	1,328,082	170%
reclassified to Profit or Loss in subsequent periods
Other Comprehensive Income for the period, net of	3,590,300	1,328,082	170%	3,590,300	1,328,082	170%
tax
Total Comprehensive Income for the period, net of	3,589,826	1,328,788	170%	3,609,944	1,329,150	172%
tax

Changes represent the percentage change in current period's results compared to corresponding period of last year.

Figures in brackets indicate deductions/negative changes.

The above figures are subject to audit.

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SHALIMAR (MALAY) PLC

Statement of financial position

(All figures in Sri Lankan Rupees '000)
		As at	As at
		31.03.2022	31.03.2021
ASSETS
Non-Current Assets
Property, Plant and Equipment		311	113
Non-current financial assets	(Note 3 )	10,486,435	6,896,135
Total Non- Current Assets		10,486,746	6,896,248
Current Assets
Advances and Prepayments		438	429
Income tax receivable		764	764
Short term investments		8,286	37,308
Cash and cash equivalents		3,000	2,558
Total Current Assets		12,488	41,059
Total Assets		10,499,234	6,937,307
EQUITY AND LIABILITIES
Equity
Stated capital	(Note 6)	69,401	69,401
Retained earnings		34,892	63,289
Other reserves		10,394,601	6,804,301
Total Shareholders' Funds		10,498,894	6,936,991
Current Liabilities
Provisions and Accrued Expenses		324	299
Unclaimed dividend		16	17
Total Current Liabilities		340	316
Total Liabilities		340	316
Total Equity and Liabilities		10,499,234	6,937,307
Net Asset per share (Rs.)		1,945.02	1,285.14

I certify that these financial statements are in compliance with the requirements of the Companies Act No. 7 of 2007.

(Sgd.)

Aneesh Dudeja

President / Chief Financial Officer

The Board of Directors is responsible for the preparation and presentation of these financial statements. Approved & signed for and on behalf of the Managers, Approved & signed for and on behalf of the Board,

(Sgd.)	(Sgd.)	(Sgd.)
Rushdi Azeez	H. Selvanathan	M. Selvanathan
Director	Chairman	Director
Agro Harapan Lestari (Pvt) Ltd
23rd May 2022
The above figures are subject to audit.

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SHALIMAR (MALAY) PLC Statement of Changes in Equity (All figures in Sri Lankan Rupees '000)

Balance as at 1st April 2020 Profit for the year

Other comprehensive income for the year Total comprehensive income for the year Balance as at 31st March 2021

	Fair Value	Retained	Total
Stated Capital	Shareholders'
Reserve	Earnings
	Funds
69,401	5,476,219	62,221	5,607,841
-	-	1,068	1,068
-	1,328,082	-	1,328,082
-	1,328,082	1,068	1,329,150
69,401	6,804,301	63,289	6,936,991
Stated	Fair Value	Retained	Total
Shareholders
Capital	Reserve	Earnings
' Funds

Balance as at 1st April 2021		69,401	6,804,301	63,289	6,936,991
Profit for the year		-	-	19,644	19,644
Other comprehensive income for the year		-	3,590,300	-	3,590,300
Total comprehensive income for the year		-	3,590,300	19,644	3,609,944
Interim Dividend -2021/22	(Note 8)	-	-	(48,041)	(48,041)
Balance as at 31st March 2022		69,401	10,394,601	34,892	10,498,894

Figures in brackets indicate deductions/negative changes

The above figures are subject to audit.

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SHALIMAR (MALAY) PLC

Cash Flow Statement

For the year ended 31st March

(All figures in Sri Lankan Rupees '000)

Net cash (outflows) /inflows from operating activities Net cash inflows / (Outflows) from investing activities Net cash outflows from financing activities Increase / (Decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the year

Cash and cash equivalents at the end of the year

Cash and cash equivalents:

Cash and bank balances

Short-term deposits

The above figures are subject to audit.

2022	2021
(1,844)	(961)
50,327	(905)
(48,041)	-

442(1,866)

2,558	4,424
3,000	2,558
1,233	887
1,767	1,671
3,000	2,558

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