Interim Condensed Financial Statements Three Months Ended 30th June 2022
The Kandy Hotels Company (1938) PLC
A Member of the Galle Face Group
The Kandy Hotels Company (1938) PLC
CORPORATE INFORMATION
Stock Exchange Listing
The Ordinary Shares of the Company are listed on the
Colombo Stock Exchange of Sri Lanka
Directors
Sanjeev Gardiner - Chairman
Charitha Ratwatte
Lakshman Samarasinghe
Priyantha Maddumage
Ranjith Gunatilleke
Nahil Wijesuriya
Chandra Mohotti
Nilanga Dela
Shalike Karunasena (Alternate Director to Mr. Priyantha Maddumage)
Secretaries
Accounting Systems Secretarial Services (Pvt) Ltd
Level 03, No 11, Castle Lane, Colombo 04
Auditors
Ernst & Young
Chartered Accountants
839/2, Peradeniya Road, Kandy
Registered Office
The Kandy Hotels Company (1938) PLC
No. 327, Union Place, Colombo 02
Company Registration No. PQ 201
Hotel Reservations
Ceylon Hotels Corporation PLC
Regency Wing - Galle Face Hotel
No. 02, Galle Road, Colombo 03
Tel: 011 5585858 Fax : 011 5345882
Email : sales@ceylonhotels.net
Website : www.queenshotel.lk/www.hotelsuisse.lk
THE KANDY HOTELS COMPANY (1938) PLC | |||||
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME | |||||
Group | Company | ||||
Three Months Ended 30th | Three Months Ended 30th | Variance | |||
June | June | ||||
2022 | 2021 | 2022 | 2021 | Group | |
Rs. '000' | Rs. '000' | Rs. '000' | Rs. '000' | % | |
Revenue | 61,306 | 29,135 | 61,306 | 29,135 | 110% |
Cost of sales | (32,305) | (15,584) | (32,305) | (15,584) | 107% |
Gross profit | 29,002 | 13,551 | 29,002 | 13,551 | 114% |
Administrative expenses | (50,157) | (34,329) | (50,081) | (34,199) | 46% |
Selling & distribution expenses | (2,839) | (515) | (2,839) | (515) | 451% |
Results from operating activities | (23,994) | (21,293) | (23,918) | (21,163) | 13% |
Finance expenses | (24,731) | (13,280) | (24,731) | (13,280) | 86% |
Finance income | 27,239 | 18,085 | 27,239 | 18,085 | 51% |
Net finance income | 2,508 | 4,805 | 2,508 | 4,805 | -48% |
Share of loss of Joint venture | - | (17,801) | - | - | 0% | |||
Loss before taxation | ||||||||
(21,486) | (34,289) | (21,411) | (16,358) | -78% | ||||
Income tax | (6,536) | 3,219 | (6,536) | 3,219 | -303% | |||
Loss for the period | ||||||||
(28,023) | (31,070) | (27,947) | (13,139) | -23% | ||||
Other comprehensive income | ||||||||
- | - | - | - | - | ||||
Total other comprehensive income | - | - | - | - | - | |||
Total comprehensive income for the period, net | ||||||||
of tax | (28,023) | (31,070) | (27,947) | (13,139) | -23% | |||
Losses per share for the period (Rs.) | ||||||||
(0.05) | (0.05) | (0.05) | (0.02) |
(28,023) (31,070)
Entire profit and total comprehensive income is attributable to equity holders of the parent.
Note : The above figures for the twelve months ended 30th June 2022 are provisional and subject to Audit. Figures in brackets indicate deductions.
All values are in Rupees Thousands unless otherwise stated.
-01-
THE KANDY HOTELS COMPANY (1938) PLC
STATEMENT OF CHANGES IN EQUITY
Period ended 30th June 2022
Group | Stated | FVOCI | Revaluation | Retained | Total | ||||
Capital | Reserve | Reserves | Earnings | Equity | |||||
Rs. '000' | Rs. '000' | Rs. '000' | Rs. '000' | Rs. '000' | |||||
Balance as at 01st April 2020 | 16,750 | (75,000) | 6,954,430 | 1,013,870 | 7,910,050 | ||||
Loss for the period | - | - | - | (167,524) | (167,524) | ||||
Other comprehensive income | |||||||||
Actuarial gain/(loss) on retirement benefit obligation net of tax | - | - | - | (606) | (606) | ||||
Share of other comprehensive income attributable to joint venture | - | - | - | 88 | 88 | ||||
Total comprehensive income/(loss) for the period | - | - | - | (168,042) | (168,042) | ||||
Transaction with owners of the company | |||||||||
Dividends-(15% Cumulative preference shares) | - | - | - | (8) | (8) | ||||
Total transaction with owners of the company | - | - | - | (8) | (8) | ||||
Balance as at 31st March 2021 | 16,750 | (75,000) | 6,954,430 | 845,820 | 7,742,000 | ||||
Loss for the period | - | - | - | (31,070) | (31,070) | ||||
Total comprehensive loss for the period | - | - | - | (31,070) | (31,070) | ||||
Transfer to retained earnings | - | - | (9,375) | 9,375 | - | ||||
Balance as at 30th June 2021 | 16,750 | (75,000) | 6,945,055 | 824,125 | 7,710,930 | ||||
Balance as at 01st April 2021 | 16,750 | (75,000) | 6,890,579 | 909,469 | 7,741,798 | ||||
Loss for the period | - | - | - | (154,280) | (154,280) | ||||
Other comprehensive income | |||||||||
Revaluation of property , plant and equipment (net of tax) | - | - | 1,007,575 | - | 1,007,575 | ||||
Actuarial loss on defined benefit plans (net of tax) | - | - | - | (963) | (963) | ||||
Changes in equity instruments designated at FVTOCI | - | 75,000 | - | - | 75,000 | ||||
Total comprehensive loss for the period | - | 75,000 | 1,007,575 | (155,243) | 927,332 | ||||
Transaction with owners of the company | |||||||||
Transfer to retained earnings | - | - | (63,851) | 63,851 | - | ||||
Dividends-(15% Cumulative preference shares) | - | - | - | (38) | (38) | ||||
Total transaction with owners of the company | - | - | (63,851) | 63,813 | (38) | ||||
Balance as at 31st March 2022 | 16,750 | - | 7,834,303 | 818,039 | 8,669,093 | ||||
Loss for the period | (28,023) | (28,023) | |||||||
Total comprehensive loss for the period | - | - | - | (28,023) | (28,023) | ||||
Transaction with owners of the company | |||||||||
Transfer to retained earnings | - | - | (21,821) | 21,821 | - | ||||
Dividends-(15% Cumulative preference shares) | - | - | - | (9) | (9) | ||||
Total transaction with owners of the company | - | - | (21,821) | 21,811 | (9) | ||||
Balance as at 30th June 2022 | 16,750 | - | 7,812,483 | 811,828 | 8,641,061 | ||||
- 03 - |
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Kandy Hotels Company (1938) plc published this content on 15 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2022 11:02:10 UTC.