C T HOLDINGS PLC C T HOLDINGS PLC
CONDENSED INTERIM FINANCIAL STATEMENTS
FOR THE THREE MONTHS ENDED
30 JUNE 2022
Contents
Statement of profit or loss and other comprehensive income - Group & Company | 01 |
Statement of financial position | 02 |
Statement of changes in equity | 03 |
Statement of cash flows | 04 |
Segment Information | 05 |
Explanatory notes | 07 |
Corporate information | IBC |
01
Statement of Profit or Loss and
Other Comprehensive Income
Group | Company | |||||
For the three months ended | For the three months ended | |||||
30-Jun | 30-Jun | Var. | 30-Jun | 30-Jun | Var. | |
In thousands of rupees | 2022 | 2021 | % | 2022 | 2021 | % |
Revenue | 48,126,564 | 29,503,087 | 63.00 | - | - | - |
Cost of sales | (42,816,445) | (26,552,813) | (61.00) | - | - | - |
Gross profit | 5,310,119 | 2,950,274 | 80.00 | - | - | - |
Other income | 551,454 | 490,754 | 12.00 | 377 | 738,287 | (100.00) |
Distribution expenses | (1,349,601) | (749,777) | (80.00) | - | - | - |
Administrative expenses | (1,520,132) | (1,130,703) | (34.00) | (17,664) | (15,272) | (16.00) |
Results from operating activities | 2,991,840 | 1,560,548 | 92.00 | (17,287) | 723,015 | (102.00) |
Finance income | 278,756 | 45,224 | 516.00 | 76 | 1,904 | (96.00) |
Finance expenses | (1,211,476) | (694,400) | (74.00) | (13,767) | (9) | - |
Net finance costs | (932,720) | (649,176) | (44.00) | (13,691) | 1,895 | (822.00) |
Share of profit/(loss) of associates, net of tax | (36,794) | (78,700) | 53.00 | - | - | - |
Profit / (loss) before taxation | 2,022,326 | 832,672 | 143.00 | (30,978) | 724,910 | (104.00) |
Tax on profit for the period | (530,938) | (208,027) | (155.00) | - | - | - |
Profit/ (loss) after tax on profit | 1,491,388 | 624,645 | 139.00 | (30,978) | 724,910 | (104.00) |
Tax effect of dividends paid to equity holders | - | (176,437) | (100.00) | - | - | - |
Profit / (loss) for the period | 1,491,388 | 448,208 | 233.00 | (30,978) | 724,910 | (104.00) |
Other comprehensive income - net of tax | ||||||
Items that will not be re-classified subsequently to profit or loss: | ||||||
Net change in fair value of investments at | ||||||
fair value through other comprehensive income (FVOCI) | 23,775 | (17,936) | 233.00 | 13,387 | (18,336) | 173.00 |
Profit from sale of investments | - | 4,709 | (100.00) | - | 4,709 | (100.00) |
Share of other comprehensive income of associates | (35,212) | (21,723) | (62.00) | - | - | - |
Total other comprehensive income - net of tax | (11,437) | (34,950) | 67.00 | 13,387 | (13,627) | 198.00 |
Total comprehensive income | 1,479,951 | 413,258 | 258.00 | (17,591) | 711,283 | (102.00) |
Condensed Interim Financial Statements 30 June 2022
C T HOLDINGS PLC
Profit for the period attributable to | ||||||
Owners of the parent | 937,746 | 279,573 | 235.00 | (30,978) | 724,910 | (104.00) |
Non-controlling Interest | 553,642 | 168,635 | 228.00 | - | - | - |
Profit for the period | 1,491,388 | 448,208 | 233.00 | (30,978) | 724,910 | (104.00) |
Total comprehensive income attributable to | ||||||
Owners of the parent | 923,312 | 244,503 | 278.00 | (17,591) | 711,283 | (102.00) |
Non-controlling Interest | 556,639 | 168,755 | 230.00 | - | - | - |
Total comprehensive income | 1,479,951 | 413,258 | 258.00 | (17,591) | 711,283 | (102.00) |
Earnings per share (Rs.) | 4.66 | 1.39 | 235.00 | (0.15) | 3.60 | (104.00) |
Dividends per share (Rs.) | - | 2.90 | - | 2.90 |
02
Statement of Financial Position
Group | Company | |||
As at | 30-Jun | 31-Mar | 30-Jun | 31-Mar |
In thousands of rupees | 2022 | 2022 | 2022 | 2022 |
(Audited) | (Audited) | |||
Assets | ||||
Non-current assets | ||||
Property, plant & equipment | 43,203,552 | 41,767,767 | 2,011 | 2,033 |
Right of use assets | 18,554,399 | 16,889,657 | 112 | 117 |
Investment property | 9,579,553 | 9,579,553 | 709,700 | 709,700 |
Intangible assets | 1,712,895 | 1,641,799 | 688,467 | 688,467 |
Investments in subsidiaries | - | - | 1,604,677 | 1,604,677 |
Investments in equity accounted investees | 5,583,450 | 5,655,456 | 5,605,948 | 5,605,950 |
Prepayment on leasehold land and building | 200,912 | 200,912 | - | - |
Other financial assets | 1,690,030 | 1,692,801 | 49,426 | 65,163 |
Deferred tax assets | 9,071 | 8,598 | - | - |
Total non-current assets | 80,533,862 | 77,436,543 | 8,660,341 | 8,676,107 |
Current assets | ||||
Inventories | 18,861,187 | 14,809,637 | - | - |
Trade and other receivables | 9,186,831 | 7,557,348 | 47,588 | 47,586 |
Amounts due from subsidiaries | - | - | 24,805 | 1,768 |
Amounts due from other related parties | 281,184 | 277,213 | 3,408 | 26,489 |
Other financial assets | 252,760 | 1,016,556 | - | - |
Cash and cash equivalents | 5,297,323 | 3,554,218 | 5,301 | 8,944 |
Total current assets | 33,879,285 | 27,214,972 | 81,102 | 84,787 |
Total assets | 114,413,147 | 104,651,515 | 8,741,443 | 8,760,894 |
Equity and liabilities | ||||
Equity attributable to owners of the parent | ||||
Stated capital | 6,489,758 | 6,489,758 | 6,489,758 | 6,489,758 |
Reserves | 3,160,303 | 3,136,528 | 59,134 | 45,747 |
Retained earnings | 13,979,376 | 14,161,037 | 1,128,374 | 1,159,351 |
Total equity attributable to equity holders of the parent | 23,629,437 | 23,787,323 | 7,677,266 | 7,694,856 |
Non-controlling interest | 10,112,329 | 9,555,690 | - | - |
Total equity | 33,741,766 | 33,343,013 | 7,677,266 | 7,694,856 |
Liabilities | ||||
Non-current liabilities | ||||
Interest bearing loans and borrowings | 28,265,688 | 27,101,528 | 752,418 | 800,780 |
Employee benefits | 1,750,596 | 1,638,653 | 37,405 | 36,893 |
Capital grants | 13,104 | 15,975 | - | - |
Trade and other payables | 198,778 | 181,187 | - | - |
Deferred tax liabilities | 802,280 | 911,084 | - | - |
Total non-current liabilities | 31,030,446 | 29,848,427 | 789,823 | 837,673 |
Current liabilities | ||||
Trade and other payables | 23,536,702 | 23,331,543 | 14,621 | 16,642 |
Current tax liabilities | 5,160,813 | 4,198,294 | - | - |
Amounts due to subsidiaries | - | - | 22,314 | 18,868 |
Amounts due to other related parties | 374 | 2,928 | - | - |
Dividends payable | 167,236 | 167,236 | 167,236 | 167,236 |
Interest bearing loans and borrowings | 20,775,810 | 13,760,074 | 70,183 | 25,619 |
Total current liabilities | 49,640,935 | 41,460,075 | 274,354 | 228,365 |
Total liabilities | 80,671,381 | 71,308,502 | 1,064,177 | 1,066,038 |
Total equity & liabilities | 114,413,147 | 104,651,515 | 8,741,443 | 8,760,894 |
Net Asset Value per Share (Rs.) | 117.32 | 118.11 | 38.12 | 38.21 |
The Board of Directors is responsible for the preparation and presentation | I certify that these Financial Statements have been |
prepared in accordance with the requirements of | |
of these Financial Statements. The Financial Statements have been | |
the Companies Act No 7 of 2007. | |
approved by the Board of Directors on 09th August 2022 | |
(Signed.) | (Signed.) | (Signed.) |
V R Page | A T P Edirisinghe | S C Niles |
Deputy Chairman / Managing Director | Director | Executive Director |
PLC | Financial Statements 30 June 2022 |
C T HOLDINGS | Condensed Interim |
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C T Holdings plc published this content on 10 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2022 11:39:13 UTC.
