COLOMBO CITY HOLDINGS PLC Interim Financial Statements
Period ended 31 December 2022
Corporate Information
Domicile & Legal Form Colombo City Holdings PLC is a Public Limited Liability Company incorporated and domiciled in Sri Lanka. The registered office of the Company is located at No. 10, 5th Floor, Gothami Road, Colombo 08.
Quoted on the Colombo Stock Exchange on the 01 January 1949 and incorporated in Sri Lanka in 1913 and Re- registered under the Companies Act No. 07 of 2007 on 13 August 2007.
Principal Activity & Nature | Real Estate Company | ||
of the Company | |||
Company Reg. No. | PQ 71 | ||
Board of Directors | Mr. D. R. Abeysuriya | - | Chairman |
Mr. A. W. Atukorala | - | Non-Executive Director | |
Mr. C. S. Devasurendra | - | Non-Executive Director | |
Dr. K. S. Narangoda | - | Executive Director | |
Mr. Y. Kanagasabai | - | Non-Executive Director | |
Secretaries | NEXIA CORPORATE CONSULTANTS (PRIVATE) LIMITED |
No.181, 1st Floor, Nawala Road, Narahenpita, Colombo 05.
Registrars | S S P CORPORATE SERVICES (PRIVATE) LIMITED | |
101, Inner Flower Road, Colombo 3 | ||
Auditors | ERNST & YOUNG | |
Chartered Accountants, No. 201, De Saram Place, Colombo 10. | ||
Bankers | Pan Asia Banking Corporation PLC | |
Nations Trust Bank PLC | ||
National Savings Bank | ||
Seylan Bank PLC | ||
National Development Bank PLC | ||
Standard Chartered Bank | ||
Contact Details | Registered Office | |
No. 10, 5th Floor, Gothami Road, Colombo 08. | ||
Telephone | - +94 11 5960000 | |
Fax | - +94 11 2680225 |
1
COLOMBO CITY HOLDINGS PLC
STATEMENT OF PROFIT OR LOSS
GROUP |
COMPANY
For the Quarter Ended 31st December | 2022 | 2021 | % Change | |
Un-Audited | Un-Audited | |||
Rs 000 | Rs 000 | |||
Revenue | 25,877 | 9,254 | 180% | |
Direct Cost | (801) | (715) | 12% | |
Gross Profit | 194% | |||
25,076 | 8,539 | |||
Other Expenses | (18,016) | - | 100% | |
Other Income | 508 | 11,243 | -100% | |
Administrative Expenses | (8,256) | (8,103) | 2% | |
Change in Fair Value of Financial Assets measured at Fair | ||||
Value Through Profit or Loss | (15,243) | 17,502 | -187% | |
Operating Profit/(Loss) | (15,931) | 29,181 | -155% | |
Finance Income | 48,752 | 24,345 | 100% | |
Finance Cost | (6,138) | (995) | 517% | |
Taxes on Financial Services | (3,083) | (531) | 481% | |
Profit Before Tax | -55% | |||
23,599 | 52,000 | |||
Income Tax Expense | (16,095) | (5,524) | 191% | |
Profit for the Period | -84% | |||
7,504 | 46,476 | |||
Earnings Per Share | ||||
2022
Un-Audited
Rs 000
-
-
-
(18,016)
463
(7,134)
(15,246)
(39,933)
45,837
(1,901)
-
4,003
(8,865)
(4,862)
2021 % Change
Un-Audited
Rs 000
- 0%
- 0%
- 0%
-
100%
11,242 -96%
(7,254) -2%
17,502 -187%
21,490 -286%
24,086 90%
- 105%
- 0%
44,648 -91%
(3,885) 128%
40,763 -112%
Basic (Rs.) | 5.90 | 36.51 |
The Notes form an integral part of these Financial Statements
Figures in bracket indicate deductions
(3.82) | 32.02 |
2
COLOMBO CITY HOLDINGS PLC
STATEMENT OF OTHER COMPREHENSIVE INCOME
GROUP
COMPANY
For the Quarter Ended 31st December
Profit for the Period
Other Comprehensive Income
Other Comprehensive Income to be Reclassified to Profit or Loss in Subsequent Year
Other Comprehensive Income to be Reclassified Not to Profit or Loss in Subsequent Year
Actuarial Gain /(Loss) on Defined Benefit Plans
Income Tax effect on Other Comprehensive Income
Total Other Comprehensive Income for the Period, Net of Tax
Total Comprehensive Income for the Period
2022
Un-Audited
Rs 000
7,504
-
-
-
-
-
7,504
2021
Un-Audited
Rs 000
46,476
-
-
-
-
-
46,476
2022
Un-Audited
Rs 000
(4,862)
-
-
-
-
-
(4,862)
2021
Un-Audited
Rs 000
40,763
-
-
-
-
-
40,763
4
COLOMBO CITY HOLDINGS PLC
STATEMENT OF PROFIT OR LOSS
For the Period Ended 31st December
Revenue
Direct Cost
Gross Profit
Other Income
Other Expenses
Administrative Expenses
Change in Fair Value of Financial Assets measured at Fair Value Through Profit or Loss
Operating Profit
Finance Income
Finance Cost
Taxes on Financial Services
Profit Before Tax
Income Tax Expense
Profit for the Period
Earnings Per Share
Basic (Rs.)
The Notes form an integral part of these Financial Statements Figures in bracket indicate deductions
GROUP | |||
2022 | 2021 | % Change | |
Un-Audited | Un-Audited | ||
Rs 000 | Rs 000 | ||
62,543 | 602,600 | -90% | |
(2,587) | (577,178) | -100% | |
136% | |||
59,956 | 25,422 | ||
7,819 | 11,243 | -30% | |
(45,255) | - | 100% | |
(24,254) | (21,564) | 12% | |
(48,634) | 28,980 | -268% | |
(50,368) | 44,081 | -214% | |
161,113 | 58,710 | 174% | |
(8,982) | (1,850) | 386% | |
(6,587) | (1,538) | 328% | |
-4% | |||
95,176 | 99,403 | ||
(47,942) | (13,722) | 249% | |
-45% | |||
47,234 | 85,681 | ||
37.11 | 67.31 | ||
COMPANY | ||
2022 | 2021 | % Change |
Un-Audited | Un-Audited | |
Rs 000 | Rs 000 | |
- | 577,256 | -100% |
- | (575,546) | -100% |
-100% | ||
- | 1,710 | |
7,731 | 11,242 | -31% |
(45,255) | - | 100% |
(19,745) | (19,495) | 1% |
(48,612) | 28,969 | -268% |
(105,880) | 22,426 | -572% |
155,102 | 58,443 | 165% |
(2,080) | (1,661) | 25% |
- | - | 0% |
-40% | ||
47,142 | 79,208 | |
(32,658) | (9,444) | 246% |
-79% | ||
14,484 | 69,764 | |
11.38 | 54.81 | |
3
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Colombo City Holdings plc published this content on 02 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 February 2023 03:08:10 UTC.
