THE KINGSBURY PLC
Company Registration PQ 203
No:48, Janadhipathi Mawatha
Colombo-01
Interim Financial Statements
For the nine months ended 31st December 2021
Corporate Information
NAME OF COMPANY
The Kingsbury PLC
(A public limited company, incorporated in Sri Lanka in 1969)
COMPANY REGISTRATION NUMBER
PQ 203
STOCK EXCHANGE LISTING
The ordinary shares of the Company are listed with the Colombo Stock Exchange of Sri Lanka
REGISTERED OFFICE
48, Janadhipathi Mawatha,
Colombo 01, Sri Lanka
DIRECTORS
Mr.A.M.Pandithage - Executive Chairman
Mr.K.D.Dammika Perera - Co- Chairman (Non-Executive)
Mr.R.J.Karunarajah - Managing Director
Mr.S.C.Ganegoda
Mr.S.J.Wijesinghe
Mr.N.J. De Silva Deva-Aditya
Mr.L.N. De Silva Wijeyeratne
Ms.R.N.Ponnambalam
Mr.J.P.Van Twest
Ms.I. Jamaldeen
Ms. A.A. K.Amarasinghe (Alternate Director to Mr. K.D.D.Perera)
AUDIT COMMITTEE
Mr.L.N. De Silva Wijeyeratne - Chairman
Ms.R.N.Ponnambalam
Mr.J.P.Van Twest
REMUNERATION COMMITTEE
Mr.L.N. De Silva Wijeyeratne - Chairman Ms.R.N.Ponnambalam
SECRETARIES
Hayleys Group Services (Private) Limited 400, Deans Road, Colombo 10, Sri Lanka Telephone: (94-11)2627650 Facsimile: (94-11)2627645
E-mail: info.sec@hayleys.com
Please direct any queries about the administration of shareholdings to the Company Secretaries
THE KINGSBURY PLC
Statement of Profit or Loss
### | 648,974 | |||||||
(All amounts in Sri Lanka Rupees thousands) | ||||||||
Unaudited | Unaudited | Unaudited | Unaudited | Audited | ||||
9 months ended | 9 months ended | Change | Quarter ended | Quarter ended | Change | Year ended | ||
Notes | 31.12.2021 | 31.12.2020 | % | 31.12.2021 | 31.12.2020 | % | 31.03.2021 | |
Turnover | 1,200,183 | 504,464 | <100 | 711,790 | 163,058 | <100 | 777,923 | |
Cost of sales | (1,015,370) | (602,448) | (69) | (494,529) | (208,111) | <(100) | (862,849) | |
Gross profit | 184,813 | (97,984) | <100 | 217,261 | (45,053) | <100 | (84,926) | |
Other income | 5 | 12,704 | 18,276 | (30) | 1,038 | 7,611 | (86) | 33,405 |
Administrative expenses | (575,084) | (518,502) | (11) | (215,649) | (172,137) | (25) | (702,414) | |
Marketing expenses | (32,730) | (32,171) | (2) | (12,234) | (9,417) | (30) | (45,343) | |
Results from operating activities | (410,297) | (630,381) | 35 | (9,584) | (218,996) | 96 | (799,278) | |
- | ||||||||
Finance income | 198 | 555 | (64) | 137 | 41 | <100 | 601 | |
Finance expenses | (92,346) | (59,795) | (54) | (39,678) | (23,173) | (71) | (82,717) | |
Loss before tax | (502,445) | (689,621) | 27 | (49,125) | (242,128) | 80 | (881,394) | |
- | ||||||||
Taxation | (24,656) | 48,094 | <(100) | (8,219) | 25,579 | <(100) | 123,200 | |
Loss for the period | (527,101) | (641,527) | 18 | (57,344) | (216,549) | 74 | (758,194) | |
Basic Earnings per share (Rs.) | (1.09) | (1.33) | (0.12) | (0.45) | (1.57) |
The notes on page 6 forms an integral part of these Financial Statements.
Figures in brackets indicate deductions or losses.
1
THE KINGSBURY PLC
Statement of Comprehensive Income
(All amounts in Sri Lanka Rupees thousands) | |||||||
Unaudited | Unaudited | Unaudited | Unaudited | Audited | |||
9 months ended | 9 months ended | Change | Quarter ended | Quarter ended | Change | Year ended | |
31.12.2021 | 31.12.2020 | % | 31.12.2021 | 31.12.2020 | % | 31.03.2021 | |
Loss for the period | (527,101) | (641,527) | 18 | (57,344) | (216,549) | 74 | (758,194) |
Other Comprehensive Income not to be reclassified to | |||||||
profit or loss in subsequent periods | |||||||
Re-measurement loss on defined benefit plans | - | - | - | - | 6,062 | ||
Deferred tax effect on defined benefit plans | - | - | - | - | (849) | ||
Other Comprehensive Income for the period, net of tax | - | - | - | - | 5,213 | ||
Total Comprehensive Income/(loss) for the year, net of | |||||||
tax | (527,101) | (641,527) | 18 | (57,344) | (216,549) | 74 | (752,980) |
11,743.00
(294,137)
236,793
The notes on page 6 forms an integral part of these Financial Statements.
Figures in brackets indicate deductions or losses.
2
THE KINGSBURY PLC
Statement of Financial Position
( All amounts in Sri Lanka Rupees thousands) | |||
Unaudited | Unaudited | Audited | |
As at 31.12.2021 | As at 31.12.2020 | As at 31.03.2021 | |
ASSETS | |||
Non-current assets | |||
Property Plant and Equipment | 3,706,757 | 3,914,532 | 3,856,101 |
Intangible assets | 6,251 | 7,747 | 7,250 |
Right-of-use asset | 11,735 | 11,983 | 11,921 |
Total non-current assets | 3,724,743 | 3,934,262 | 3,875,272 |
Current assets | |||
Inventories | 149,956 | 76,220 | 71,931 |
Trade and other receivables | 274,820 | 29,498 | 29,572 |
Other current assets | 181,896 | 114,506 | 117,405 |
Tax recoverable | 8,431 | 8,052 | 8,431 |
Cash and cash equivalents | 44,048 | 10,156 | 13,571 |
Total current assets | |||
659,151 | 238,432 | 240,910 | |
Total Assets | |||
4,383,894 | 4,172,694 | 4,116,182 | |
EQUITY AND LIABILITIES | |||
Capital and reserves | |||
Stated capital | 836,000 | 836,000 | 836,000 |
Reserves | 816,874 | 833,924 | 816,874 |
Retained earnings | (695,044) | (76,316) | (167,943) |
Total Equity | 957,830 | 1,593,608 | 1,484,931 |
Non- current liabilities | |||
Interest-bearing borrowings | 1,194,609 | 886,626 | 1,049,209 |
Post employment benefit obligation | 64,440 | 70,754 | 66,458 |
Deferred tax liability | 129,570 | 181,567 | 104,915 |
Lease liability | 19,045 | 16,490 | 19,050 |
Other Non -current liabilities | 800 | 1,675 | 4,150 |
Total non-current liabilities | 1,408,464 | 1,157,112 | 1,243,782 |
Current Liabilities | |||
Trade and other payables | 1,023,473 | 663,312 | 667,110 |
Interest-bearing borrowings | 446,449 | 317,720 | 248,483 |
Other current liabilities | 112,688 | 116,712 | 118,395 |
Bank Overdraft | 434,990 | 324,230 | 353,481 |
Total current liabilities | |||
2,017,600 | 1,421,974 | 1,387,469 | |
Total equity and liabilities | |||
4,383,894 | 4,172,694 | 4,116,182 | |
(1) | 0.29 | (0.62) |
I certify that these Financial Statements have been prepared in compliance with the requirements of the Companies Act No 7 of 2007.
Sgd.
Ravindra Dissanayake
Head of Finance
Signed for and on behalf of the Board
Sgd. | Sgd. |
A. M. Pandithage | R. J. Karunarajah |
Executive Chairman | Managing Director |
The notes on page 6 forms an integral part of these Financial Statements.
Figures in brackets indicate deductions or losses
3rd February 2022 Colombo
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Kingsbury plc published this content on 07 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 February 2022 04:17:11 UTC.