Indo Malay : Interim Financial Statements as of 31st March 2022

Indo-Malay PLC

Summarised Financial Report

for the year ended

31st March 2022

INDO-MALAY PLC

Statement of Profit or Loss

(All figures in Sri Lankan Rupees '000)	Quarter ended			Year ended
	31st March		Change	31st March	Change
	2022	2021		2022		2021
				%				%
Dividend Income	-	-		-	22,419	-	100%
Interest income	416	558		-25%	1,343	2,222	-40%
Other income	624	4,865		-87%	624	4,865	-87%
Administrative expenses	(614)	221		-378%	(2,033)	(1,235)	65%
Profit before tax for the period	426	5,644		-92%	22,353	5,852	282%
Income tax expense	-	-		-	-	-	-
Profit for the period	426	5,644		-92%	22,353	5,852	282%
Earnings per ordinary share (expressed in Rs.)	0.09	1.17			4.65	1.22
	Quarter ended			Year ended
	31st March		Change	31st March	Change
Statement of comprehensive income	2022	2021		2022		2021
				%				%
Profit for the period	426	5,644		-92%	22,353	5,852	282%
Other Comprehensive Income
Other Comprehensive Income / (Expenses) not to be reclassified to Profit or
Loss in subsequent periods
Gain on Change in Fair Value of Financial Assets classified under Fair Value	3,601,737	1,328,082		171%	3,591,052	1,292,917	178%
Through Other Comprehensive Income (FVOCI)
Net Other Comprehensive Income not to be reclassified to Profit or Loss in	3,601,737	1,328,082		171%	3,591,052	1,292,917	178%
subsequent periods
Other Comprehensive Income for the period, net of tax	3,601,737	1,328,082		171%	3,591,052	1,292,917	178%
Total Comprehensive Income for the period,	3,602,163	1,333,726		170%	3,613,405	1,298,769	178%
Net of Tax

Changes represent the percentage change in current period's results compared to corresponding period of last year.

Figures in brackets indicate deductions/negative changes.

The above figures are subject to audit.

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INDO-MALAY PLC

Statement of financial position

(All figures in Sri Lankan Rupees '000)
		As at	As at
		31.03.2022	31.03.2021
ASSETS
Non-Current Assets
Property, Plant and Equipment		311	113
Non-current financial assets	(Note 3)	10,630,907	7,039,855
Total Non- Current Assets		10,631,218	7,039,968
Current Assets
Prepayments and other receivable		394	379
Income tax receivable		820	820
Short term investments		30,964	43,087
Cash and cash equivalents		3,433	2,274
Total Current Assets		35,611	46,560
Total Assets		10,666,829	7,086,528
EQUITY AND LIABILITIES
Equity
Stated capital	(Note 6)	70,033	70,033
Retained earnings		46,002	60,119
Other reserves		10,492,762	6,901,710
Total Shareholders' Funds		10,608,797	7,031,862
Current Liabilities
Provisions and Accrued Expenses		319	259
Unclaimed dividend		57,713	54,407
Total Current Liabilities		58,032	54,666
Total Liabilities		58,032	54,666
Total Equity and Liabilities		10,666,829	7,086,528
Net Asset per share (Rs.)		2,204.93	1,461.50

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

(Sgd.)
Aneesh Dudeja
President / Chief Financial Officer
The Board of Directors is responsible for the preparation and presentation of these financial statements.
Approved & signed for and on behalf of the Managers,	Approved & signed for and on behalf of the Board,
(Sgd.)	(Sgd.)	(Sgd.)
Rushdi Azeez	H. Selvanathan	M. Selvanathan
Director	Chairman	Director
Agro Harapan Lestari (Pvt) Ltd

23rd May 2022

The above figures are subject to audit.

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INDO-MALAY PLC

Statement of Changes in Equity

(All figures in Sri Lankan Rupees '000)

	Fair Value	Retained	Total
Stated Capital	Shareholders'
Reserve	Earnings
	Funds

Balance as at 1st April 2020 Profit for the year

Other comprehensive income for the year Total comprehensive income for the year

Balance as at 31st March 2021

70,033	5,608,793	54,267	5,733,093
-	-	5,852	5,852
-	1,292,917	-	1,292,917
-	1,292,917	5,852	1,298,769
70,033	6,901,710	60,119	7,031,862
	Fair Value	Retained	Total
Stated Capital	Shareholders
Reserve	Earnings
	' Funds

Balance as at 1st April 2021		70,033	6,901,710	60,119	7,031,862
Profit for the year		-	-	22,353	22,353
Other comprehensive income for the year		-	3,591,052	-	3,591,052
Total comprehensive income for the year		-	3,591,052	22,353	3,613,405
Interim Dividend -2021/22	(Note 8)	-	-	(36,470)	(36,470)
Balance as at 31st March 2022		70,033	10,492,762	46,002	10,608,797

The above figures are subject to audit.

Figures in brackets indicate deductions/negative changes.

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INDO-MALAY PLC

Cash Flow Statement

For the year ended 31st March

(All figures in Sri Lankan Rupees '000)

Net cash (outflows) / inflows from operating activities Net cash inflows / (outflows) from investing activities Net cash outflows from financing activities

Increase / (Decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the year

Cash and cash equivalents at the end of the year

Cash and cash equivalents:

Cash and bank balances

Short-term deposits

The above figures are subject to audit.

2022	2021
(1,816)	(1,122)
35,515	(16,290)
(32,540)	-
1,159	(17,412)
2,274	19,686
3,433	2,274
1,354	758
2,079	1,516
3,433	2,274

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