Carson Cumberbatch : Interim Financial Report as of 30th June 2022

CARSON CUMBERBATCH PLC

Condensed Interim Financial Statements For the period ended 30th June 2022

Company Statement of Income

Unaudited Financial Statements for the period ended 30th June 2022 (Amounts expressed in Sri Lankan Rs. '000)

	3M 2022	3M 2021	Change
			%
Revenue	709,843	7,050	9,969
Direct operating expenses	-	-
	709,843	7,050	9,969
Items of income
Change in fair value of fair value through profit or loss
financial assets	(2,020)	3,096	(165)
Items of expenses
Administrative expenses	(24,736)	(15,133)	63
Foreign exchange losses	(30,486)	(3,624)	741
Profit / (loss) before net finance costs	652,601	(8,611)	(7,679)
Net finance costs	(88,725)	(42,400)	109
Profit / (loss) before tax	563,876	(51,011)	(1,205)
Income tax expenses
Current taxation	-	-	-
Profit / (loss) for the period	563,876	(51,011)	(1,205)
Other Comprehensive Income
Equity investments at FVOCI - net change in fair value	(430,835)	(137,978)	212
Other comprehensive expenses for the period, (net of tax)	(430,835)	(137,978)	212
Total comprehensive income / (expenses) for the period,
(net of tax)	133,041	(188,989)	(170)
Basic earnings/(loss) per share (Rs.)	2.87	(0.26)	(1,205)
Dividend per ordinary share (Rs.)	1.50	-	-

Figures in brackets indicate deductions.

The notes on pages 10 to 21 form an integral part of these financial statements. 10th August 2022

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Carson Cumberbatch PLC | Condensed Interim Financial Statements - For the period ended 30th June 2022

Company Statement of Financial Position

Unaudited Financial Statements for the period ended 30th June 2022 (Amounts expressed in Sri Lankan Rs. '000)

	As at	As at
	30.06.2022	31.03.2022
	(Unaudited)	(Audited)
ASSETS
Non - Current Assets
Investments in subsidiaries	9,346,217	9,346,217
Investment in equity securities	4,928,496	5,359,331
Total non - current assets	14,274,713	14,705,548
Current Assets
Trade receivables	355,577	216,890
Other non financial receivables	22,570	7,323
Current tax recoverable	945	945
Investment in equity securities	89,901	91,920
Cash and cash equivalents	1,079,342	539,134
Total current assets	1,548,335	856,212
Total assets	15,823,048	15,561,760
EQUITY AND LIABILITIES
EQUITY
Stated capital	1,114,652	1,114,652
Capital reserves	287,552	287,552
Revenue reserves	11,292,444	11,453,983
Total equity	12,694,648	12,856,187
LIABILITIES
Non - Current Liabilities
Loans and borrowings	504,167	560,417
Total non - current liabilities	504,167	560,417
Current Liabilities
Other financial payables	328,548	295,900
Proposed dividend	294,580	-
Loans and borrowings	2,001,105	1,849,256
Total current liabilities	2,624,233	2,145,156
Total liabilities	3,128,400	2,705,573
Total equity and liabilities	15,823,048	15,561,760
Net assets per ordinary share (Rs.)	64.64	65.46

I certify that these financial statements are in compliance with the requirements of Companies Act No. 7 of 2007.

Sgd.

A. P. Weeratunge

Director

Carsons Management Services (Pvt) Ltd.

The Board of Directors is responsible for the preparation and presentation of these financial statements. These financial statements were approved by the Board on 10th August 2022.

Sgd	Sgd.
M. Selvanathan	D. C. R. Gunawardena
Director	Director

The Notes from pages 10 to 21 form an integral part of these financial statements

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Company Statement of Changes in Equity

Unaudited Financial Statements for the period ended 30th June 2022 (Amounts expressed in Sri Lankan Rs. '000)

	Stated	Capital	Revenue	Total
	Capital	Reserve	Reserve	Equity
Balance as at 31st March 2022(Audited)	1,114,652	287,552	11,453,983	12,856,187
Profit for the period	-	-	563,876	563,876
Other comprehensive expenses for the period	-	-	(430,835)	(430,835)
Total Comprehensive income for the period	-	-	133,041	133,041
			-	-
Ordinary dividend paid	-	-	(294,580)	(294,580)
Total Contributions by and distributions to owners	-	-	(294,580)	(294,580)
Balance as at 30th June 2022 (Unaudited)	1,114,652	287,552	11,292,444	12,694,648
Balance as at 31st March 2021 (Audited)	1,114,652	287,552	11,279,531	12,681,735
Loss for the period	-	-	(51,011)	(51,011)
Other comprehensive expenses for the period	-	-	(137,978)	(137,978)
Total Comprehensive expenses for the period	-	-	(188,989)	(188,989)
Total Contributions by and distributions to owners	-	-	-	-
Balance as at 30th June 2021 (Unaudited)	1,114,652	287,552	11,090,542	12,492,746

The Notes from pages 10 to 21 form an integral part of these financial statements

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