MYLAND DEVELOPMENTS PLC MYLAND DEVELOPMENTS PLC
INTERIM FINANCIAL STATEMENTS FOR THE THREE MONTHS PERIOD ENDED 30TH JUNE, 2022
CONTENTS
Statement of Comprehensive Income
Statement of Financial Position
Statement of Changes in Equity
Statement of Cash Flows
Notes to the Financial Statements
MYLAND DEVELOPMENTS PLC
STATEMENT OF COMPREHENSIVE INCOME | Page 01 | ||||
INTERIM FINANCIAL STATEMENTS FOR THE THREE MONTHS PERIOD ENDED 30TH JUNE, 2022 | |||||
For The Three Month Ended | |||||
30.06.2022 | 30.06.2021 | Change | |||
Unaudited | Unaudited | ||||
Rs. | Rs. | % | |||
Revenue | 15,514,948 | 18,198,288 | -15% | ||
Cost of sales | (8,117,411) | (12,355,327) | -34% | ||
Gross profit | 7,397,537 | 5,842,961 | 27% | ||
Other operating income | 173,871 | 110,252 | 58% | ||
Other gain/ (losses) | 2,121,465 | 7,376,343 | -71% | ||
Sales & marketing expenses | (2,128,908) | (1,138,938) | 87% | ||
Administrative expenses | (9,328,058) | (4,258,471) | 119% | ||
Result from operating activities | (1,764,093) | 7,932,148 | -122% | ||
Finance income | 625,313 | 773 | 80794% | ||
Finance costs | (1,154,060) | (1,358,253) | -15% | ||
Net finance expenses | (528,747) | (1,357,480) | -61% | ||
Profit/(Loss) before taxation | (2,292,840) | 6,574,668 | -135% | ||
Income tax expenses | - | - | - | ||
Profit/(Loss) for the period | (2,292,840) | 6,574,668 | -135% | ||
Other comprehensive income | - | ||||
Items that will not be re- classified to profit or loss | - | ||||
Remeasurement of defined benefit liability | (107,785) | - | - | ||
Releted tax on remeasurement of defined benefit liability | (15,090) | - | - | ||
Total comprehensive Income/(Loss) for the period | (2,415,715) | 6,574,668 | -137% | ||
Earnings per share | (0.06) | 0.18 |
The above figures are subject to audit
Figures in brackets indicate deductions.
MYLAND DEVELOPMENTS PLC
STATEMENT OF CHANGES IN EQUITY | Page 03 | |||
INTERIM FINANCIAL STATEMENTS FOR THE THREE MONTHS PERIOD ENDED 30TH JUNE, 2022 | ||||
Stated capital | Revaluation | Retained | Total | |
reserve | earnings | |||
Rs. | Rs. | Rs. | Rs. | |
Balance as at 1st April 2021 | 25,000,000 | - | 36,167,010 | 61,167,010 |
Profit for the year | - | - | 6,574,668 | 6,574,668 |
Balance as at 30th June 2021 | 25,000,000 | - | 42,741,678 | 67,741,678 |
Balance as at 1st April 2022 | 150,000,000 | 10,661,000 | 30,186,998 | 190,847,998 |
Profit for the year | (2,292,840) | (2,292,840) | ||
Other comprehensive income | - | - | (122,875) | (122,875) |
Balance as at 30th June 2022 | 150,000,000 | 10,661,000 | 27,771,283 | 188,432,283 |
The above figures are subject to audit |
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Myland Developments Ltd. published this content on 15 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2022 04:42:08 UTC.
