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

::

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

_/

::

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

::

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.