IN TERMS OF RULE 7.4 OF THE COLOMBO STOCK EXCHANGE
" NIPPON CEMENT "
TOKYO CEMENT COMPANY (LANKA) PLC
INTERIM FINANCIAL STATEMENTS(Unaudited)
3rd QUARTER
FOR THE NINE MONTHS PERIOD ENDED 31st DECEMBER 2021
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CORPORATE INFORMATION | ||||||||||||||
Page 1 of 12 | ||||||||||||||
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 & Nominee | Director of Ube | Singapore Holdings | Pte. Ltd - | |||||||||
Appointed on 1st April 2021 | ||||||||||||||
Dr Indrajit | Coomaraswamy | Non Executive Independent Director | ||||||||||||
COMPANY SECRETARIES | : | Seccom (Private) Limited, (Company | Secretaries) | |||||||||||
1E - 2/1, De Fonseka Place, Colombo | 5 | |||||||||||||
T Phone 2590 176 | Fax | 2 581618 | ||||||||||||
E_Mail | kmaahamed@hotmail.com | |||||||||||||
HEAD | OFFICE | : | 469 - 1/1 Galle Road, | Colombo 3 | ||||||||||
T Phone 2587 619 | Fax | 2500 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 | ||||||||||||
AUDITORS | : | BDO Partners, (Chartered | Accountants) | |||||||||||
Chittambalam | 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 12 |
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME - FOR THE NINE MONTHS PERIOD ENDED 31st DECEMBER2021 - COMPANY
COMPANY | COMPANY | |||||
For the Nine Months Ended 31st December | For the Quarter Ended 31st December | |||||
2021 | 2020 | % Change | 2021 | 2020 | % Change | |
+/ (-) | +/ (-) | |||||
Continuing Operations | Rs ' 000 | Rs ' 000 | Rs ' 000 | Rs ' 000 | ||
Revenue from Contracts with Customers | 21,918,219 | 15,255,544 | 44% | 8,340,187 | 6,067,353 | 37% |
Cost of Sales | (18,471,403) | (11,807,500) | 56% | (6,462,802) | (4,831,595) | 34% |
------------------ | ------------------ | ---------------- | ---------------- | |||
Gross Profit | 3,446,816 | 3,448,044 | -0% | 1,877,385 | 1,235,758 | 52% |
Other Income | 12,838 | 7,942 | 62% | 8,030 | 1,372 | 485% |
------------------ | ------------------ | ---------------- | ---------------- | |||
3,459,654 | 3,455,986 | 0% | 1,885,415 | 1,237,130 | 52% | |
Distribution Expenses | (2,444,479) | (1,734,926) | 41% | (639,650) | (753,987) | -15% |
Administrative Expenses | (738,590) | (693,898) | 6% | (251,131) | (258,029) | -3% |
------------------ | ------------------ | ---------------- | ---------------- | |||
Profits from Operations | 276,585 | 1,027,162 | -73% | 994,634 | 225,114 | 342% |
Profit on Disposal of Vessel | 473,020 | - | 100 % | - | - | |
Dividend Income | 1,505,000 | 900,000 | 67% | 503,000 | 300,000 | 68% |
------------------ | ------------------ | ---------------- | ---------------- | |||
Profit before Interest and Taxation | 2,254,605 | 1,927,162 | 17% | 1,497,634 | 525,114 | 185% |
Finance Income | 19,756 | 12,681 | 56% | 11,657 | 4,453 | 162% |
Finance Expenses | (408,511) | (784,217) | -48% | (157,835) | (174,173) | -9% |
------------------ | ------------------ | ---------------- | ---------------- | |||
Profit before Taxation | 1,865,850 | 1,155,626 | 61% | 1,351,456 | 355,394 | 280% |
Income Tax Expenses | (395,549) | (105,500) | 275% | (303,314) | (6,500) | 4566% |
------------------ | ------------------ | ---------------- | ---------------- | |||
Profit for the Period | 1,470,301 | 1,050,126 | 40% | 1,048,142 | 348,894 | 200% |
Other Comprehensive Income | - | - | - | - | ||
Total Comprehensive Income for the Period | ------------------ | ------------------ | ---------------- | ---------------- | ||
1,470,301 | 1,050,126 | 40% | 1,048,142 | 348,894 | 200% | |
========= | ========= | ========= | ========= | |||
Basic Earnings Per Share ( Rs) | 3.67 | 2.62 | 2.61 | 0.87 | ||
The above figures are provisional and subject to Audit |
Sgd | ||
8th February 2022 | Mr H M Ajith Kumara | |
COLOMBO | General Manager | - Finance |
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TOKYO CEMENT COMPANY (LANKA) PLC | Page 3 of 12 |
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
- FOR THE NINE MONTHS ENDED 31st DECEMBER 2021 - GROUP
GROUP | GROUP | ||||||
For the Nine Months Ended 31stDecember | For the Quarter Ended 31st December | ||||||
2021 | 2020 | % Change | 2021 | 2020 | % Change | ||
+/ (-) | +/ (-) | ||||||
Continuing Operations | Rs ' 000 | Rs ' 000 | Rs ' 000 | Rs ' 000 | |||
Revenue from Contracts with Customers | 36,319,474 | 30,589,850 | 19% | 13,771,151 | 11,456,233 | 20% | |
Cost of Sales | (28,745,089) | (21,106,693) | 36% | (10,294,507) | (8,057,086) | 28% | |
------------------ | ------------------ | ------------------ | ------------------ | ||||
Gross Profit | 7,574,385 | 9,483,157 | -20% | 3,476,644 | 3,399,147 | 2% | |
Other Income | 17,896 | 11,180 | 60% | 9,993 | 3,106 | 222% | |
------------------ | ------------------ | ------------------ | ------------------ | ||||
7,592,281 | 9,494,337 | -20% | 3,486,637 | 3,402,253 | 2% | ||
Distribution Expenses | (4,159,939) | (3,203,694) | 30% | (1,086,415) | (1,427,305) | -24% | |
Administrative Expenses | (951,768) | (894,245) | 6% | (307,060) | (335,630) | -9% | |
------------------ | ------------------ | ------------------ | ------------------ | ||||
Profits from Operations | 2,480,574 | 5,396,398 | -54% | 2,093,162 | 1,639,318 | 28% | |
Profit on Disposalof Vessel | 473,020 | - | 100 % | - | - | ||
------------------ | -------------------- | -------------------- | ------------------- | ||||
2,953,594 | 5,396,398 | -45% | 2,093,162 | 1,639,318 | 28% | ||
Finance Income | 40,620 | 22,916 | 77% | 21,735 | 10,357 | 110% | |
Finance Expenses | (427,034) | (944,866) | -55% | (129,041) | (207,951) | -38% | |
------------------ | ------------------ | ------------------ | ------------------ | ||||
Profit | before Taxation | 2,567,180 | 4,474,448 | -43% | 1,985,856 | 1,441,724 | 38% |
Income Tax Expenses | (489,210) | (385,914) | 27% | (337,236) | (138,517) | 143% | |
------------------ | ------------------ | ------------------ | ------------------ | ||||
Profit for the Period | 2,077,970 | 4,088,534 | -49% | 1,648,620 | 1,303,207 | 27% | |
Other ComprehensiveIncome | - | - | - | - | |||
Total Comprehensive Income for the Period | 2,077,970 | 4,088,534 | -49% | 1,648,620 | 1,303,207 | 27% | |
Attributable to Equity of the Parent | 2,063,676 | 4,109,311 | -50% | 1,639,898 | 1,310,701 | 25% | |
Non Controlling Interest | 14,294 | (20,777) | 8,722 | (7,494) |
Basic Earning PerShare ( Rs) | 5.15 | 10.25 | 4.09 | 3.27 |
The above figuresare provisional and subject toAudit | ||||
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TOKYO CEMENT COMPANY (LANKA) PLC | |
CONSOLIDATED STATEMENT OF FINANCIAL POSITION | Page 4 of 12 |
AS AT 31st DECEMBER 2021 | ||||
Group | Company | |||
As at | As at | As at | As at | |
31st Dec | 31 st Mar | 31st Dec | 31 st Mar | |
2021 | 2021 | 2021 | 2021 | |
ASSETS | Rs ' 000 | Rs ' 000 | Rs ' 000 | Rs ' 000 |
Non Current Assets | ||||
Property, Plant and Equipment | 28,448,299 | 28,248,734 | 13,646,773 | 13,389,934 |
Right of Use Assets | 1,437,217 | 1,518,305 | 1,211,073 | 1,249,101 |
Intangible Assets | 69,776 | 75,515 | 30,222 | 34,125 |
Investments in Subsidiaries | - | - | 12,237,177 | 12,237,177 |
--------------- | ---------------- | --------------- | ---------------- | |
Total Non Current Assets | 29,955,292 | 29,842,554 | 27,125,245 | 26,910,337 |
--------------- | ---------------- | --------------- | ---------------- | |
Current Assets | ||||
Inventories | 4,260,580 | 3,239,785 | 1,657,562 | 2,245,256 |
Trade and Other Receivables | 4,769,335 | 4,554,454 | 2,865,425 | 2,905,861 |
Amount Due from Related Parties | - | - | 558,815 | 589,094 |
Financial Assets at Amortized Cost | 8,269 | 7,988 | - | - |
Cash and Cash Equivalents | 3,356,363 | 1,489,031 | 1,639,885 | 240,976 |
--------------- | ---------------- | --------------- | ---------------- | |
Total Current Assets | 12,394,547 | 9,291,258 | 6,721,687 | 5,981,187 |
--------------- | ---------------- | --------------- | ---------------- | |
TOTAL ASSETS | 42,349,839 | 39,133,812 | 33,846,932 | 32,891,524 |
======== | ======== | ======== | ======== |
Figures in brackets indicate deductions
Statement of Financial Position of the Company as at 31st December 2021 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 February 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 S R Gnanam Sgd Mr W C Fernando
8th February | 2022 | Man | aging Director | Director |
COLOMBO
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Tokyo Cement Company (Lanka) plc published this content on 09 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 February 2022 10:28:04 UTC.