IN TERMS OF RULE 7.4 OF THE COLOMBO STOCK EXCHANGE
" NIPPON CEMENT "
TOKYO CEMENT COMPANY (LANKA) PLC
INTERIM FINANCIAL STATEMENTS (Unaudited)
1st QUARTER
FOR THE QUARTER ENDED30th JUNE2022
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CORPORATE INFORMATION | Page 1 of 11 | |||||||||
NAME | OF THE | COMPANY | : | Tokyo Cement Company | (Lanka) PLC | |||||
COMPANY REGISTRATION NO | : | PQ 115 | ||||||||
LEGAL | FORM | : | A public Quoted Company with Limited Liability, Incorporated in | |||||||
Sri Lanka in 1982 and | Listed on 1st | January 1984 | ||||||||
BOARD | OF DIRECTORS | : | ||||||||
Dr Harsha | Cabral PC | Chairman and Non Executive Independent Director | ||||||||
Mr S. R. Gnanam | Managing | Director | ||||||||
Mr A.S.G. | Gnanam | Non Executive Director | ||||||||
Mr E. J. Gnanam | Non Executive Director | |||||||||
Mr R Seevaratnam | Non Executive Independent Director | |||||||||
Mr Ravi Dias | Non Executive Independent Director | |||||||||
Mr W .C Fernando | Director | |||||||||
Mr Asite Talwatte | Non Executive Independent Director | |||||||||
Mr Yaoki | Hashimoto | Non Executive Director | ||||||||
Dr Indrajit | Coomaraswamy | Non Executive Independent Director | ||||||||
COMPANY SECRETARIES | : | Seccom (Private) Limited, (Company | Secretaries) | |||||||
1E - 2/1, De Fonseka Place, Colombo | 5 | |||||||||
T Phone +9411 2590 176 | Fax +9411 2 581618 | |||||||||
E_Mail | kmaahamed@hotmail.com | |||||||||
HEAD | OFFICE | : | 469 - 1/1 Galle Road, | Colombo 3 | ||||||
T Phone +9411 2 558 | 100 | Fax +9411 2 500 897 | ||||||||
Web Site | www.tokyocement.lk | |||||||||
SUBSIDIARY | COMPANIES | : | Tokyo Cement Power | (Lanka) (Private) Limited | ||||||
: | Tokyo Eastern Cement | Company | (Private) Limited | |||||||
: | Tokyo Super | Aggregate | (Private) Limited | |||||||
: | Tokyo Supermix (Private) | Limited | ||||||||
: | Tokyo Cement Industrial Park (Pvt) Ltd | |||||||||
AUDITORS | : | BDO Partners, (Chartered | Accountants) | |||||||
Chittampalam | A Gardiner | Mawatha, | Colombo 2 | |||||||
COMMITTEE MEMBERS | Audit | Remuneration | Related Party | Nomination | ||||||
Committee | Committee | Committee | Committee | |||||||
Dr Harsha | Cabral PC | _/ | _/ | |||||||
Mr R Seevaratnam | _/ | _/ | _/ | _/ | ||||||
Mr Ravi Dias | _/ | _/ | _/ | _/ | ||||||
Mr Asite | Talwatte | _/ | _/ | |||||||
Mr S R Gnanam | _/ |
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TOKYO CEMENT COMPANY (LANKA) PLC | Page 2 of 11 | ||||||||||
STATEMENT OF | PROFIT OR LOSS AND | OTHER COMPREHENSIVE | INCOME | ||||||||
- FOR | THE THREE MONTHS PERIOD ENDED 30TH JUNE 2022 - | COMPANY | |||||||||
COMPANY | |||||||||||
Three Mo | nths Ended 30th | June | |||||||||
2022 | 2021 | % Change | |||||||||
Conti | nuing Ope | rations | Rs ' 000 | Rs ' 000 | +/ (-) | ||||||
11,442,262 | 6,503,025 | 76% | |||||||||
Revenue from Contracts with Customers | |||||||||||
Cost of Sales | (8,143,455) | (5,646,395) | 44% | ||||||||
-------------------- | |||||||||||
------------------- | |||||||||||
Gross | Profit | 3,298,807 | 856,630 | 285% | |||||||
Other | Income | 107,492 | 2,680 | 3911% | |||||||
-------------------- | |||||||||||
------------------- | |||||||||||
3,406,299 | 859,310 | 296% | |||||||||
Distribution Expenses | (880,468) | (969,672) | -9% | ||||||||
Administrative Expenses | (269,971) | (256,351) | 5% | ||||||||
-------------------- | |||||||||||
------------------- | |||||||||||
Profits | / (Loss) fr | om Operation | 2,255,860 | (366,713) | -715% | ||||||
Dividend | Income | - | 500,000 | -100% | |||||||
Profit | on Disposal | of Vessel | - | 473,020 | -100% | ||||||
-------------------- | |||||||||||
------------------- | |||||||||||
Profit | Before Inter | est and Taxation | 2,255,860 | 606,307 | 272% | ||||||
Finance | Income | 30,452 | 3,479 | 775% | |||||||
Finance | Expenses | (2,224,370) | (129,282) | 1621% | |||||||
-------------------- | |||||||||||
------------------- | |||||||||||
Profit | Before Taxa | tion | 61,942 | 480,504 | -87% | ||||||
Incom | e Tax Expe | nses | (95,356) | (86,491) | 10% | ||||||
-------------------- | |||||||||||
------------------- | |||||||||||
Profit / (LOSS) for | the Period | (33,414) | 394,013 | -108% | |||||||
Other | ComprehensiveIncome | - | - | ||||||||
-------------------- | |||||||||||
------------------- | |||||||||||
(33,414) | 394,013 | -108% | |||||||||
Total | Comprehensive | Income for the | |||||||||
Period | ========== | =========== | |||||||||
Basic Earnings Per Share ( Rs) | (0.08) | 0.98 | -108% | ||||||||
8th August | 2022 | Sgd | |||||||||
COLOMBO | Mr H M Ajith Kumara | ||||||||||
The above figures | are provisional and subject | to Audit | General Manager | - Finance | |||||||
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TOKYO CEMENT COMPANY (LANKA) PLC | Page 3 of 11 | ||||||||||||
STATEMENT OF | PROFIT OR LOSS AND | OTHER COMPREHENSIVE | INCOME | ||||||||||
- FOR | THE THREE | MONTHS PERIOD ENDED 30th JUNE 2022 | - GROUP | ||||||||||
GROUP | |||||||||||||
Three Mo | nths Ended 30th Ju | ne | |||||||||||
2022 | 2021 | % Change | |||||||||||
Conti | nuing Ope | rations | Rs ' 000 | Rs ' 000 | +/ (-) | ||||||||
Reven | ue from Co | ntracts with Customer | s | 16,307,249 | 10,663,557 | 53% | |||||||
Cost of Sales | (10,683,751) | (8,624,947) | 24% | ||||||||||
------------------------- | |||||||||||||
------------------------- | |||||||||||||
Gross | Profit | 5,623,498 | 2,038,610 | 176% | |||||||||
Other | Income | 111,184 | 3,895 | 2755% | |||||||||
------------------------- | |||||||||||||
------------------------- | |||||||||||||
5,734,682 | 2,042,505 | 181% | |||||||||||
Distrib | ution Expen | ses | (1,378,862) | (1,634,144) | -16% | ||||||||
Administrative Expenses | (348,109) | (333,593) | 4% | ||||||||||
------------------------- | |||||||||||||
------------------------- | |||||||||||||
Profits | from Oper | ations | 4,007,711 | 74,768 | 5260% | ||||||||
Profit | on Disposal | of Vessel | - | 473,020 | |||||||||
------------------------- | |||||||||||||
------------------------- | |||||||||||||
Profit | Before Inter | est and Taxation | 4,007,711 | 547,788 | 632% | ||||||||
Finance | Income | 77,094 | 10,229 | 654% | |||||||||
Finance | Expenses | (3,406,735) | (149,391) | 2180% | |||||||||
------------------------- | |||||||||||||
------------------------- | |||||||||||||
Profit | before Tax | ation | 678,070 | 408,626 | 66% | ||||||||
Incom | e Tax Expe | nses | (143,274) | (110,827) | 29% | ||||||||
------------------------- | |||||||||||||
------------------------- | |||||||||||||
Profit for the Peri | od | 534,796 | 297,799 | 80% | |||||||||
Other | ComprehensiveIncome | - | - | ||||||||||
Total | Comprehensive | Income for the Period | |||||||||||
534,796 | 297,799 | 80% | |||||||||||
Attribu | table to Eq | uity of the Parent | 534,192 | 296,733 | 80% | ||||||||
Non C | ontrolling In | terest | 604 | 1,066 | -43% | ||||||||
Basic | Earning Per | Share ( Rs) | |||||||||||
1.33 | 0.74 | ||||||||||||
The above figures | are provisional and | subject to Audit | |||||||||||
:: |
TOKYO CEMENT COMPANY (LANKA) PLC | |
CONSOLIDATED STATEMENT OF FINANCIAL POSITION | Page 4 of 11 |
AS AT 30th JUNE 2022 | ||||
Group | Company | |||
30th June | 31 st March | 30th June | 31 st March | |
2022 | 2022 | 2022 | 2022 | |
ASSETS | Rs ' 000 | Rs ' 000 | Rs ' 000 | Rs ' 000 |
Non Current Assets |
Property, Plant and Equipment | 28,727,028 | 28,555,262 | 13,912,850 | 13,596,876 | |||||||
Right of Use | Assets | 1,381,828 | 1,408,962 | 1,184,794 | 1,197,655 | ||||||
Intangible Assets | 57,879 | 64,254 | 19,843 | 25,345 | |||||||
Investments | in Subsidiaries | - | - | 12,237,177 | 12,237,177 | ||||||
----------------- | ------------------ | ----------------- | ------------------ | ||||||||
Total Non Current Assets | 30,166,735 | 30,028,478 | 27,354,664 | 27,057,053 | |||||||
----------------- | ------------------ | ----------------- | ------------------ | ||||||||
Current Assets | |||||||||||
Inventories | 2,900,404 | 5,459,541 | 984,268 | 3,866,426 | |||||||
Trade and Other Receivables | 6,213,443 | 5,363,851 | 3,537,410 | 3,186,707 | |||||||
Amount Due | from Subsidiaries | - | - | 559,124 | 547,442 | ||||||
Financial Assets at Amortized Cost | 8,606 | 8,386 | - | - | |||||||
Cash and Cash Equivalents | 3,446,066 | 6,349,580 | 1,608,287 | 4,072,997 | |||||||
----------------- | ------------------ | ----------------- | ------------------ | ||||||||
Total Current | Assets | 12,568,519 | 17,181,358 | 6,689,089 | 11,673,572 | ||||||
----------------- | ------------------ | ----------------- | ------------------ | ||||||||
TOTAL ASSETS | 42,735,254 | 47,209,836 | 34,043,753 | 38,730,625 | |||||||
========= | ========= | ========= | ========= | ||||||||
Figures in brackets indicate deductions
Statement of Financial Position of the Company as at 30th June 2022 and the Consolidated Statement of Comprehensive Income for the period then ended are drawn up from the unaudited accounts of the Company, and they provide the information required by the Colombo Stock Exchange
The Board of Directors at its meeting held on 8th August 2022, on the Recommendation of the Audit Committee, approved the accounts for circulation to the members of the Company in terms of Rule 7.4 of the Colombo Stock Exchange
Sgd Mr S R Gnanam Sgd Mr WC Fernando
8th August 2022Managing Director Director
COLOMBO ::
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Tokyo Cement Company (Lanka) plc published this content on 09 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2022 06:35:02 UTC.