Blue Diamonds Jewellery Worldwide : Interim Financial Statements for twelve month ended 31st March 2022

INTERIM FINANCIAL STATEMENTS

For The Twelve Months Ended 31st March 2022

The information contained in these statements have been extracted from the unaudited financial statements of the Company unless indicated as audited.

Blue Diamonds Jewellery Worldwide PLC

STATEMENT OF PROFIT OR LOSS/COMPREHENSIVE INCOME

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FOR THE PERIOD ENDED 31ST MARCH 2022
	For the Three Months Ended		For the Twelve Months
	31st March		Ended 31st March
(In Rs .000)	2022			2021		2022		2021
	Rs. '000			Rs. '000		Rs. '000		Rs. '000
Revenue	7,555			87,876	27,635	148,441
Cost of Sales	(8,880)			(75,864)	(41,669)	(125,985)
Gross Profit/Loss
(1,325)			12,012	(14,034)	22,456
Other Operating Income	3,250			6,887	5,355	8,279
Selling and Distribution Expenses	(2)			(6,520)	(112)	(6,462)
Administrative Expenses	(19,168)			(9,311)	(36,126)	(23,652)
Finance Costs	(351)			(1,077)	(1,830)	(2,024)
Finance Income	-			4	1	16
Profit /Loss before Tax
(17,596)			1,995	(46,746)	(1,386)
Income Tax (Expense) / Reversal	-			-	-	(410)
Profit / Loss for the Period
(17,596)			1,995	(46,746)	(1,795)
OTHER COMPREHENSIVE INCOME
Other Comprehensive Income/(Loss) not to be
reclassified to Profit or Loss in Subsequent Period
Fair Value Change in Investment in Quoted shares	-			-	-	-
Actuarial Gain on Defined Benefit Plans	1,938			(2,917)	1,938	(2,917)
Tax on Actuarial Gain on Defined Benefit Plans	-			-		-		410
Other Comprehensive Income/Loss for the Period	1,938 -	2,917	1,938	(2,507)
Total Comprehensive Income/Loss for the Period
(15,658)			(922)		(44,808)		(4,303)
Earnings/(Loss) per share	(0.04)			0.005	(0.12)	(0.004)

All values in are Sri Lankan Rupees

Figures in the brackets indicate deductions

The information contained in these statements have been extracted from the un-audited financial statements of the Company unless indicated as audited.

Blue Diamonds Jewellery Worldwide PLC STATEMENT OF FINANCIAL POSITION

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AS AT 31ST MARCH 2022
(In Rs .000)
	31st March		31st March
ASSETS		2022 (Un-audited)		2021 (Audited)
	Rs. '000		Rs. '000
Non-Current Assets		52,767	54,832
Property, Plant and Equipment
Right of Use Asset	2,289	2,323
Intangible Assets	-	-
Financial Assets- Fair Value Through OCI	-	-
Other Investments	-	-
Loan Receivables	-	169
	55,056		57,324
Current Assets
Inventories	99,929	112,836
Trade and Other Receivables	3,004	1,391
Other Receivables	1,268	1,437
Cash and Cash Equivalents	18,673	34,171
Total Assets	122,874		149,835
177,930		207,159
EQUITY AND LIABILITIES
Capital and Reserves
Stated Capital	101,261	373,641
Reserves	41,378	41,378
Retained Loss	(49,111)	(276,683)
Total Equity	93,528		138,336
Non-Current Liabilities
Interest Bearing Loans and Borrowings	29,175	20,026
Employee Benefit Liability	5,012	6,171
Deferred Tax Liability	-	-
Current Liabilities	34,187		26,197
Trade and Other Payables	34,661	31,300
Income Tax Payable	1,065	1,065
Interest Bearing Loans and Borrowings	14,489	10,261
Total Equity and Liabilities	50,215		42,626
177,930		207,159

These financial statements are in compliance with the requirements of the Companies Act No. 07 of 2007.

……………………………

Finance Officer

The Board of Directors is responsible for these financial statements. Signed for and on behalf of the Board by:

……………………………..	……………………………..
Chairman	CEO / Managing Director

06 June 2022

Katunayake

Blue Diamonds Jewellery Worldwide PLC STATEMENT OF CHANGES IN EQUITY

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FOR THE PERIOD ENDED 31ST MARCH 2022
				Fair
	Stated	Revaluation	General	Value	Retained	Tota
	Through
	Capital	Reserves	Reserve	Losses	Equity
	OCI
				Reserve
	Rs.'000	Rs.'000	Rs.'000	Rs.'000	Rs.'000	Rs.'000
Balance as at 01 April 2020	373,641	41,378	-	-	(272,380)	142,639
Loss for the period	-	-	-	-	(1,795)	(1,795)
Other Comprehensive Loss	-	-	-	-	(2,507)	(2,507)
Total Comprehensive Loss	-	-	-	-	(4,303)	(4,303)
Balance as at 31 March 2021(Audited)
373,641	41,378	-	-	(276,683)	138,336
As at 01 April 2021(Audited)	373,641	41,378	-	-	(276,683)	138,336
Loss for the period	-	-	-	-	(46,746)	(46,746)
Reduction of Capital	(272,380)				272,380
Other Comprehensive Loss	-	-	-	-	1,938	1,938
Total Comprehensive Loss	(272,380)	-	-	-	227,572	(44,808)
Balance as at 31 March 2022
101,261	41,378	-	-	(49,111)	93,528