Capital Alliance : INTERIM FINANCIAL STATEMENTS FOR THE QUARTER ENDED 30TH JUNE 2022

CAPITAL ALLIANCE PLC

INTERIM FINANCIAL STATEMENTS

FOR THE QUARTER ENDED 30TH JUNE 2022

CAPITAL ALLIANCE PLC

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

FOR THE		QUARTER ENDED
		30-Jun-22		30-Jun-21
	Note	Rs.		Rs.
		(Unaudited)		(Unaudited)
Interest Income	2	441,204,570	126,098,218
Interest Expenses	3	(307,974,980)		(74,079,914)
Net Interest Income		133,229,590	52,018,304
Net Gain from Trading	4.1	112,763,838	6,343,385
Direct Expenses		(1,223,995)	(1,872,155)
Other Income		23,683	4,658,997
Net Gain/(Loss) from remeasurement of Financial Assets
at FVTPL	4.2	291,496,866	(354,265)
Net Operating Income		536,289,982	60,794,266
Operating Expenses
Personnel Expenses		(21,276,388)	(27,049,526)
Depreciation and Amortisation		(1,631,653)	(2,082,803)
Other Expenses	5	(217,577,074)	(17,951,891)
Profit Before Tax		295,804,867	13,710,046
Income Tax Expenses	6	(70,350,408)	(1,326,010)
Profit for the period		225,454,459	12,384,036
Other Comprehensive Income
Other Comprehensive Income for the period		-	-
Total Comprehensive Income for the period		225,454,459	12,384,036
Basic/Diluted Earnings per Share (Rs.)	7	0.68	0.04

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CAPITAL ALLIANCE PLC

STATEMENT OF FINANCIAL POSITION

AS AT	30-Jun-22		31-Mar-22
	Rs.		Rs.
	(Unaudited)		(Audited)
ASSETS
Cash and Cash Equivalents	72,124,803	14,265,035
Financial Assets measured at Amortised Cost	44,925,028	40,167,893
Financial Assets measured at FVTPL	11,709,635,996	8,075,894,287
Amount due from Related Companies	43,318,605	886,146
Other Receivables	7,284,419	23,966,904
Deferred Tax Asset	5,509,875	43,977,351
Intangible Assets	1,499,446	932,103
Right-of-use Asset	10,186,638	11,205,302
Equipment	3,442,432	3,595,286
Total Assets	11,897,927,242	8,214,890,307
LIABILITIES AND EQUITY
Liabilities
Financial Liabilities at Amortised Cost	8,842,870,412	5,465,983,373
Amounts due to Related Companies	15,324,774	7,046,054
Other Payables	65,229,377	9,592,308
Lease Liability	10,853,525	11,772,683
Retirement Benefit Obligation	38,556,527	38,506,345
Income Tax Payable	31,882,932		14,234,307
Total Liabilities	9,004,717,546	5,547,135,070
EQUITY
Stated Capital	723,348,421	723,348,421
Special Risk Reserve	667,344,463	644,799,017
Retained Earnings	1,502,516,812		1,299,607,799
Total Equity	2,893,209,696	2,667,755,237
Total Liabilities and Equity	11,897,927,242	8,214,890,307
NAPS (Rs.)	8.78	8.10

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

Sgd.

…................................

Mr. Yasantha Kumara

Financial Controller

The Board of Directors is responsible for the preparation and presentation of these financial statements.

Sgd.	Sgd.
…................................	…................................
Mr. W A T Fernando	Mr. C S R S Anthony
Director	Director
26th July 2022
Colombo

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CAPITAL ALLIANCE PLC

STATEMENT OF CHANGES IN EQUITY
FOR THE QUARTER ENDED 30TH JUNE 2022
	Stated Capital				Special Risk				Retained		Total
					Reserve				Earnings
	Rs.				Rs.				Rs.		Rs.
Balance as at 01st April 2021	311,576,061	644,799,017	1,767,072,220	2,723,447,298
Profit for the Period	-			-			12,384,036		12,384,036
Other Comprehensive Income for the Period	-			-			-		-
Total Comprehensive Income	-	-	12,384,036	12,384,036
Dividend Paid	-	-	(300,250,678)	(300,250,678)
Transferred To the Special Risk Reserve	-	1,349,577	(1,349,577)	-
Balance as at 30th June 2021	311,576,061		646,148,594		1,477,856,001		2,435,580,656
Balance as at 01st April 2022
723,348,421	644,799,017	1,299,607,799	2,667,755,237
Profit for the Period	-			-			225,454,459		225,454,459
Other Comprehensive Income for the Period	-			-			-		-
Total Comprehensive Income	-	-	225,454,459	225,454,459
Transferred To the Special Risk Reserve	-	22,545,446	(22,545,446)	-
Balance as at 30th June 2022	723,348,421	667,344,463	1,502,516,812	2,893,209,696

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CAPITAL ALLIANCE PLC

STATEMENT OF CASH FLOWS

FOR THE QUARTER ENDED	30-Jun-22		30-Jun-21
	Rs.		Rs.
	(Unaudited)		(Unaudited)
Cash flows from Operating Activities
Interest Receipts	252,501,267	126,098,218
Interest Payments	(246,326,776)	(74,079,914)
Payment of Direct Expenses	(1,223,995)	(1,872,155)
Other Receipts	23,683	4,658,997
Cash payments to Employees and Other payments	(237,630,321)	(44,424,468)
Operating profit/ (Loss) before changes in Operating Assets and
Liabilities	(232,656,142)	10,380,679
(Increase)/Decrease in Financial Assets measured at Amortised Cost	(4,737,648)	(761,308,012)
(Increase)/Decrease in Financial Assets measured at FVTPL	(3,040,797,190)	3,944,789,703
(Increase)/Decrease in Other Receivables	16,682,483	919,898
(Increase)/Decrease in Amount due from Related Companies	(42,432,458)	3,414,410
Increase/(Decrease) in Financial Liabilities at Amortised Cost	3,315,238,835	(2,714,527,578)
Increase/(Decrease) in Amount due to Related Companies	8,278,720	(84,494,529)
Increase/(Decrease) in Other Payable	41,402,762		(852,871)
Net cash from Operating Activities	60,979,362		398,321,699
Gratuity Paid	(925,000)	-
Income Taxes Paid	-		(50,940,489)
Net cash from / (used in) Operating Activities	60,054,362	347,381,210
Cash flows from Investing Activities
Purchase of Equipment	(330,000)	(2,112,971)
Purchase of Intangible Assets	(697,480)		(205,500)
Net cash from / (used in) Investing Activities	(1,027,480)	(2,318,471)
Cash flows from Financing Activities
Dividend Paid	-	(300,250,675)
Lease Payments	(1,167,115)		(1,061,014)
Net cash from / (used in) Financing Activities	(1,167,115)		(301,311,689)
Net increase in cash and cash equivalents	57,859,768	43,751,050
Cash and cash equivalents at the beginning of the period	14,265,035	10,472,382
Cash and cash equivalents at the end of the period	72,124,803		54,223,432

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