Interim Financial Statements
For the period ended 31st December 2021
ACL PLASTICS PLC (PQ 87)
ACL PLASTICS PLC
CONSOLIDATED INCOME STATEMENT
Quarter Ended | Nine Months Ended | ||||||||
for the period ended | 31.12.2021 | 31.12.2020 | Change | 31.12.2021 | 31.12.2020 | Change | |||
Rs'000 | Rs'000 | % | Rs'000 | Rs'000 | % | ||||
Revenue | 718,579 | 531,165 | 35% | 2,177,324 | 1,315,703 | 65% | |||
Cost of sales | (534,393) | (451,761) | 18% | (1,725,058) | (1,095,940) | 57.4% | |||
Gross profit | 184,186 | 79,403 | 132% | 452,265 | 219,763 | 106% | |||
Other operating income | 389 | - | 100% | 2,199 | 644 | 241% | |||
184,575 | 79,403 | 132% | 454,464 | 220,407 | 106% | ||||
Administration cost | (2,168) | (1,560) | 39% | (4,464) | (4,564) | -2% | |||
Distribution Cost | - | (297) | 100% | - | (297) | 100% | |||
Operating profit | 182,407 | 77,547 | 135% | 450,000 | 215,546 | 109% | |||
Net finance (cost) / income | (1,246) | 302 | -513% | (10,601) | (7,779) | 36% | |||
Profit before tax | 181,161 | 77,849 | 133% | 439,399 | 207,766 | 111% | |||
Taxation | (20,615) | (9,915) | 108% | (66,660) | (41,284) | 61% | |||
Profit after tax | 160,546 | 67,934 | 136% | 372,739 | 166,483 | 124% | |||
Earnings per share (Rs) | 38.11 | 16.13 | 88.48 | 39.52 |
Above figures are provisional and subject to audit.
It is certified that these financial statements have been prepared in compliance with the requirements of Companies Act No 7 of 2007.
ACL PLASTICS PLC
COMPANY INCOME STATEMENT
Quarter Ended | Nine Months Ended | ||||||||
for the period ended | 31.12.2021 | 31.12.2020 | Change | 31.12.2021 | 31.12.2020 | Change | |||
Rs'000 | Rs'000 | % | Rs'000 | Rs'000 | % | ||||
Revenue | 718,579 | 531,165 | 35.3% | 2,177,324 | 1,315,703 | 65.5% | |||
Cost of sales | (534,393) | (451,761) | 18.3% | (1,725,058) | (1,095,940) | 57.4% | |||
Gross profit | 184,186 | 79,403 | 132.0% | 452,265 | 219,763 | 105.8% | |||
Other operating income | 389 | - | 100.0% | 2,199 | 644 | 241.5% | |||
184,575 | 79,403 | 132.5% | 454,464 | 220,407 | 106.2% | ||||
Administration cost | (2,168) | (1,558) | 39.2% | (4,366) | (4,453) | -1.9% | |||
Distribution Cost | - | (297) | 100% | - | (297) | 100% | |||
Operating profit | 182,407 | 77,548 | 135% | 450,098 | 215,657 | 109% | |||
Net finance (cost) / income | (1,246) | (492) | 153.3% | (13,133) | (11,591) | 13.3% | |||
Profit/(loss) before tax | 181,161 | 77,056 | 135.1% | 436,965 | 204,065 | 114.1% | |||
Taxation | (20,615) | (9,915) | (66,660) | (41,284) | 61.5% | ||||
Profit/(loss) after tax | 160,546 | 67,141 | 139.1% | 370,305 | 162,782 | 127.5% | |||
Earnings/(loss) per share (Rs) | 38.11 | 15.94 | 87.91 | 38.64 |
Above figures are provisional and subject to audit.
It is certified that these financial statements have been prepared in compliance with the requirements of Companies Act No 7 of 2007.
ACL PLASTICS PLC
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Quarter Ended | Nine Months Ended | ||||||||
for the period ended | 31.12.2021 | 31.12.2020 | Change | 31.12.2021 | 31.12.2020 | Change | |||
Rs'000 | Rs'000 | % | Rs'000 | Rs'000 | % | ||||
Profit for the period | 160,546 | 67,934 | 136% | 372,739 | 166,483 | 124% | |||
Other comprehensive income/(expenses) | |||||||||
Net change in fair value of available for sale financial assets | 10,343 | 7,200 | 44% | 29,229 | 17,983 | 63% | |||
Other comprehensive income for the period, net of tax | 10,343 | 7,200 | 44% | 29,229 | 17,983 | 63% | |||
Total comprehensive income for the period | 170,889 | 75,134 | 127% | 401,968 | 184,466 | 118% | |||
Above figures are provisional and subject to audit. | |||||||||
It is certified that these financial statements have been prepared in compliance with the requirements of Companies Act No 7 of 2007. | |||||||||
ACL PLASTICS PLC | |||||||||
COMPANY STATEMENT OF COMPREHENSIVE INCOME | |||||||||
Quarter Ended | Nine Months Ended | ||||||||
for the period ended | 31.12.2021 | 31.12.2020 | Change | 31.12.2021 | 31.12.2020 | Change | |||
Rs'000 | Rs'000 | % | Rs'000 | Rs'000 | % | ||||
Profit for the period | 160,546 | 67,141 | 139% | 370,305 | 162,782 | 127% | |||
Other comprehensive income/(expenses) | |||||||||
Net change in fair value of available for sale financial assets | 10,343 | 7,200 | 44% | 29,229 | 17,983 | 63% | |||
Other comprehensive income for the period, net of tax | 10,343 | 7,200 | 44% | 29,229 | 17,983 | 63% | |||
Total comprehensive income for the period | 170,889 | 74,341 | 130% | 399,534 | 180,765 | 121% |
Above figures are provisional and subject to audit.
It is certified that these financial statements have been prepared in compliance with the requirements of Companies Act No 7 of 2007.
ACL PLASTICS PLC | |||||||
STATEMENT OF FINANCIAL POSITION | |||||||
Group | Company | ||||||
as at | 31.12.2021 | 31.03.2021 | 31.12.2021 | 31.03.2021 | |||
Rs'000 | Rs'000 | Rs'000 | Rs'000 | ||||
ASSETS | |||||||
Non current assets | |||||||
Property, plant & equipment | 352,597 | 329,862 | 352,597 | 329,862 | |||
Pre-paid lease rentals | 1,582 | 1,598 | 1,582 | 1,598 | |||
Investment in subsidiary company | - | - | 10,000 | 10,000 | |||
Financial assets at FVTPL | 72,613 | 43,384 | 72,613 | 43,384 | |||
426,792 | 374,844 | 436,792 | 384,844 | ||||
Current assets | |||||||
Inventories | 260,734 | 308,408 | 260,734 | 308,408 | |||
Trade & other receivables | 1,214,107 | 927,521 | 1,171,817 | 883,566 | |||
Cash & cash equivalents | 567,007 | 446,312 | 563,784 | 443,081 | |||
2,041,849 | 1,682,241 | 1,996,335 | 1,635,056 | ||||
Total assets | 2,468,641 | 2,057,085 | 2,433,127 | 2,019,900 | |||
EQUITY | |||||||
Stated capital | 79,975 | 79,975 | 79,975 | 79,975 | |||
Revaluation reserve | 190,989 | 190,989 | 190,989 | 190,989 | |||
Revenue reserve | 170,000 | 170,000 | 170,000 | 170,000 | |||
Other reserve | 59,315 | 30,086 | 59,315 | 30,086 | |||
Retained profit | 1,437,559 | 1,106,946 | 1,369,990 | 1,041,810 | |||
Shareholders' fund | 1,937,839 | 1,577,996 | 1,870,269 | 1,512,860 | |||
LIABILITIES | |||||||
Non current liabilities | |||||||
Defined benefit obligations | 17,827 | 17,433 | 17,827 | 17,433 | |||
Deferred tax liabilities | 51,944 | 51,944 | 51,944 | 51,944 | |||
69,771 | 69,377 | 69,771 | 69,377 | ||||
Current liabilities | |||||||
Trade & other payables | 397,801 | 327,520 | 457,060 | 384,294 | |||
Income tax payable | 63,230 | 43,016 | 36,028 | 14,193 | |||
Bank overdraft | - | 39,176 | - | 39,176 | |||
461,031 | 409,713 | 493,087 | 437,664 | ||||
Total liabilities | 530,802 | 479,089 | 562,859 | 507,041 | |||
Total equity and liabilities | 2,468,641 | 2,057,085 | 2,433,127 | 2,019,900 | |||
Net asset value per share (Rs) | 460.02 | 374.60 | 443.98 | 359.14 | |||
Above figures are provisional and subject to audit. | |||||||
It is certified that these financial statements have been prepared in compliance with the requirements of Companies Act No 7 of 2007. | |||||||
sgd. | |||||||
Mahesh Amarasiri | |||||||
Group Chief Financial Officer | |||||||
sgd. | sgd. | ||||||
U G Madanayake | Suren Madanayake | ||||||
Chairman | Managing Director |
Colombo
2nd February 2022
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ACL Plastics plc published this content on 08 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 February 2022 11:01:09 UTC.