Interim Financial Statements
For the period ended 31st December 2022
ACL PLASTICS PLC (PQ 87)
ACL PLASTICS PLC
CONSOLIDATED INCOME STATEMENT
Quarter Ended | Nine Months Ended | ||||||
for the period ended | 31.12.2022 | 31.12.2021 | 31.12.2022 | 31.12.2021 | |||
Rs'000 | Rs'000 | Rs'000 | Rs'000 | ||||
Revenue | 718,579 | 2,177,324 | |||||
603,255 | 1,902,988 | ||||||
Cost of sales | (410,127) | (534,393) | (1,296,070) | (1,725,058) | |||
Gross profit | 193,128 | 184,186 | 606,918 | 452,265 | |||
Other operating income | 586 | 389 | 3,125 | 2,199 | |||
193,713 | 184,575 | 610,043 | 454,464 | ||||
Administration cost | (1,062) | (2,168) | (7,520) | (4,464) | |||
Operating profit | 192,651 | 182,407 | 602,522 | 450,000 | |||
Net finance (cost) / income | 26,464 | (1,246) | 178,779 | (10,601) | |||
Profit before tax | 219,115 | 181,161 | 781,301 | 439,399 | |||
Taxation | (65,616) | (20,615) | (169,600) | (66,660) | |||
Profit after tax | 153,499 | 160,546 | 611,701 | 372,739 | |||
Earnings per share (Rs) | 36.44 | 38.11 | 145.21 | 88.48 |
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 | 31.12.2022 | 31.12.2021 | 31.12.2022 | 31.12.2021 | |||
Rs'000 | Rs'000 | Rs'000 | Rs'000 | ||||
Profit for the period | 153,499 | 160,546 | 611,701 | 372,739 | |||
Other comprehensive income/(expenses) | |||||||
Gains on revaluation of land and buildings | - | - | - | - | |||
Net change in fair value of available for sale financial assets | (13,246) | 10,343 | (8,890) | 29,229 | |||
Other comprehensive income for the period, net of tax | |||||||
(13,246) | 10,343 | (8,890) | 29,229 | ||||
Total comprehensive income for the period | 140,253 | 170,889 | 602,811 | 401,968 |
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 | 31.12.2022 | 31.12.2021 | 31.12.2022 | 31.12.2021 | |||
Rs'000 | Rs'000 | Rs'000 | Rs'000 | ||||
Revenue | 718,579 | 2,177,324 | |||||
603,255 | 1,902,988 | ||||||
Cost of sales | (410,127) | (534,393) | (1,296,070) | (1,725,058) | |||
Gross profit | 193,128 | 184,186 | 606,918 | 452,265 | |||
Other operating income | 586 | 389 | 3,125 | 2,199 | |||
193,713 | 184,575 | 610,043 | 454,464 | ||||
Administration cost | (825) | (2,168) | (6,677) | (4,366) | |||
Operating profit | 192,889 | 182,407 | 603,366 | 450,098 | |||
Net finance (cost) / income | 18,386 | (1,246) | 161,600 | (13,133) | |||
Profit/(loss) before tax | 211,274 | 181,161 | 764,965 | 436,965 | |||
Taxation | (65,616) | (20,615) | (169,600) | (66,660) | |||
Profit/(loss) after tax | 145,658 | 160,546 | 595,365 | 370,305 | |||
Earnings/(loss) per share (Rs) | 34.58 | 38.11 | 141.33 | 87.91 |
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 | 31.12.2022 | 31.12.2021 | 31.12.2022 | 31.12.2021 | |||
Rs'000 | Rs'000 | Rs'000 | Rs'000 | ||||
Profit for the period | 145,658 | 160,546 | 595,365 | 370,305 | |||
Other comprehensive income/(expenses) | |||||||
Gains on revaluation of land and buildings | - | - | - | - | |||
Net change in fair value of available for sale financial assets | (13,246) | 10,343 | (8,890) | 29,229 | |||
Other comprehensive income for the period, net of tax | |||||||
(13,246) | 10,343 | (8,890) | 29,229 | ||||
Total comprehensive income for the period | 132,412 | 170,889 | 586,475 | 399,534 |
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
as at
ASSETS
Non current assets
Property, plant & equipment Pre-paid lease rentals Investment in subsidiary company Financial assets at OCI
Current assets
Inventories
Trade & other receivables
Cash & cash equivalents
Total assets
EQUITY
Stated capital
Revaluation reserve
Revenue reserve
Other reserve
Retained profit
Shareholders' fund
LIABILITIES
Non current liabilities
Defined benefit obligations
Deferred tax liabilities
Current liabilities
Trade & other payables
Short-term import loans
Bank overdraft
Total liabilities
Total equity and liabilities
Net asset value per share (Rs)
Group | Company | |||||
Unaudited | Audited | Unaudited | Audited | |||
31.12.2022 | 31.03.2022 | 31.12.2022 | 31.03.2022 | |||
Rs'000 | Rs'000 | Rs'000 | Rs'000 | |||
332,884 | 347,903 | 332,884 | 347,903 | |||
1,560 | 1,576 | 1,560 | 1,576 | |||
- | - | 10,000 | 10,000 | |||
40,206 | 49,096 | 40,206 | 49,096 | |||
374,650 | 398,575 | 384,650 | 408,575 | |||
769,896 | 454,125 | 769,896 | 454,125 | |||
1,006,189 | 1,326,154 | 952,526 | 1,279,554 | |||
862,309 | 871,008 | 861,865 | 870,558 | |||
2,638,394 | 2,651,287 | 2,584,286 | 2,604,236 | |||
3,013,044 | 3,049,862 | 2,968,936 | 3,012,811 | |||
79,975 | 79,975 | 79,975 | 79,975 | |||
185,884 | 185,884 | 185,884 | 185,884 | |||
170,000 | 170,000 | 170,000 | 170,000 | |||
26,908 | 35,798 | 26,908 | 35,798 | |||
2,347,132 | 1,798,618 | 2,261,073 | 1,728,895 | |||
2,809,899 | 2,270,275 | 2,723,840 | 2,200,552 | |||
2,503 | 7,536 | 2,503 | 7,536 | |||
51,511 | 51,511 | 51,511 | 51,511 | |||
54,014 | 59,047 | 54,014 | 59,047 | |||
133,834 | 539,363 | 175,786 | 572,036 | |||
15,297 | 177,268 | 15,297 | 177,268 | |||
- | 3,908 | - | 3,908 | |||
149,131 | 720,539 | 191,083 | 753,212 | |||
203,145 | 779,586 | 245,097 | 812,259 | |||
3,013,044 | 3,049,862 | 2,968,936 | 3,012,811 | |||
667 | 539 | 647 | 522 |
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.
Sg.D
...............................................
Mahesh Amarasiri
Group Chief Financial Officer
Sg.D | Sg.D |
................................................ | .............................................. |
U G Madanayake | Suren Madanayake |
Chairman | Managing Director |
Colombo | |
13 February 2023 |
ACL PLASTICS PLC
STATEMENT OF CHANGES IN EQUITY
Stated | Revaluation | Revenue | Other | Retained | Total | ||||||
Capital | Reserve | Reserve | Reserve | Profit | |||||||
(a) Group | Rs'000 | Rs'000 | Rs'000 | Rs'000 | Rs'000 | Rs'000 | |||||
Balance at 01st April 2022 | 79,975 | 185,884 | 170,000 | 35,798 | 1,798,618 | 2,270,275 | |||||
Net profit for the period | - | - | - | - | 611,701 | 611,701 | |||||
Gains on revaluation of land and buildings | - | - | - | - | - | - | |||||
Net change in fair value of OCI financial assets | - | - | - | (8,891) | - | (8,891) | |||||
Transfers upon disposals of OCI investments | - | - | - | - | - | - | |||||
Total comprehensive income | - | - | - | (8,891) | 611,701 | 602,811 | |||||
Dividends paid | - | - | - | - | (63,188) | (63,188) | |||||
Balance at 31st December 2022 | 79,975 | 185,884 | 170,000 | 26,908 | 2,347,132 | 2,809,899 | |||||
Stated | Revaluation | Revenue | Other | Retained | Total | ||||||
Capital | Reserve | Reserve | Reserve | Profit | |||||||
(b) Company | Rs'000 | Rs'000 | Rs'000 | Rs'000 | Rs'000 | Rs'000 | |||||
Balance at 01st April 2022 | 79,975 | 185,884 | 170,000 | 35,798 | 1,728,895 | 2,200,553 | |||||
Net profit for the period | - | - | - | - | 595,365 | 595,365 | |||||
Gains on revaluation of land and buildings | - | - | - | - | - | - | |||||
Net change in fair value of OCI financial assets | - | - | - | (8,890) | - | (8,890) | |||||
Transfers upon disposals of OCI investments | - | - | - | - | - | - | |||||
Total comprehensive income | - | - | - | (8,890) | 595,365 | 586,475 | |||||
Dividends paid | - | - | - | - | (63,188) | (63,188) | |||||
Balance at 31st December 2022 | 79,975 | 185,884 | 170,000 | 26,908 | 2,261,073 | 2,723,840 | |||||
Stated | Revaluation | Revenue | Other | Retained | Total | ||||||
Capital | Reserve | Reserve | Reserve | Profit | |||||||
(a) Group | Rs'000 | Rs'000 | Rs'000 | Rs'000 | Rs'000 | Rs'000 | |||||
Balance at 01st April 2021 | 79,975 | 190,989 | 170,000 | 30,086 | 1,106,946 | 1,577,997 | |||||
Net profit for the period | - | - | - | - | 372,739 | 372,739 | |||||
Net change in fair value of OCI financial assets | - | - | - | - | - | - | |||||
Total comprehensive income | - | - | - | - | 372,739 | 372,739 | |||||
Dividends paid | - | - | - | - | (42,125) | (42,125) | |||||
Balance at 31st December 2021 | 79,975 | 190,989 | 170,000 | 30,086 | 1,437,560 | 1,908,611 | |||||
Balance at 01st January 2022 | 79,975 | 190,989 | 170,000 | 30,086 | 1,437,560 | 1,908,611 | |||||
Net profit for the period | - | - | - | - | 348,287 | 348,287 | |||||
Actuarial gain / (loss) on defined benefit obligatio | - | - | - | - | 9,350 | 9,350 | |||||
Deferred tax on actuarial gain / (loss) | - | - | - | - | (1,683) | (1,683) | |||||
Net change in fair value of OCI financial assets | - | - | - | 5,712 | - | 5,712 | |||||
Total comprehensive income for the period | - | - | - | 5,712 | 355,953 | 361,665 | |||||
Transfer from revaluation reserve | - | (6,225) | - | - | 6,225 | - | |||||
Deferred tax on transfer | - | 1,121 | - | - | (1,121) | - | |||||
Dividend Paid | - | - | - | - | - | - | |||||
Balance at 31st March 2022 | 79,975 | 185,884 | 170,000 | 35,798 | 1,798,618 | 2,270,275 | |||||
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ACL Plastics plc published this content on 14 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 February 2023 11:09:25 UTC.