INTERIM CONDENSED FINANCIAL STATEMENTS
THREE MONTHS ENDED 30TH JUNE 2022
Raigam Wayamba Salterns PLC & Subsidiary Companies
STATEMENT OF FINANCIAL POSITION
Rs. | Group | Company | ||||
As at | 30.Jun.2022 | 31.Mar.2022 | 30.Jun.2022 | 31.Mar.2022 | ||
ASSETS | (Un Audited) | (Un Audited) | (Un Audited) | (Un Audited) | ||
Non-Current Assets | ||||||
Property, Plant and Equipment | 643,121,656 | 640,171,784 | 536,682,158 | 532,164,644 | ||
Intangible Assets | 6,069,895 | 1,846,790 | 4,315,444 | - | ||
Investments in Subsidiaries | - | - | 85,140,226 | 85,140,226 | ||
Right of Use Assets | 11,786,851 | 11,800,487 | - | - | ||
660,978,402 | 653,819,061 | 626,137,828 | 617,304,869 | |||
Current Assets | ||||||
Inventories | 226,080,287 | 241,510,062 | 125,152,374 | 146,444,948 | ||
Trade and other Receivables | 653,350,923 | 523,893,837 | 443,340,043 | 493,562,842 | ||
Held to Maturity Financial Assets | 524,915,620 | 514,634,975 | 524,915,620 | 514,634,975 | ||
Cash and Cash Equivalents | 189,370,128 | 234,703,180 | 156,216,442 | 102,720,228 | ||
1,593,716,958 | 1,514,742,054 | 1,249,624,479 | 1,257,362,993 | |||
Total Assets | 2,254,695,360 | 2,168,561,116 | 1,875,762,307 | 1,874,667,863 | ||
EQUITY AND LIABILITIES | ||||||
Stated Capital | 604,414,640 | 604,414,640 | 604,414,640 | 604,414,640 | ||
Revaluation Reserve | 124,319,084 | 124,319,084 | 98,607,739 | 98,607,739 | ||
Retained Earnings | 997,203,635 | 919,557,994 | 787,001,454 | 724,636,295 | ||
1,725,937,359 | 1,648,291,718 | 1,490,023,833 | 1,427,658,674 | |||
Non-Current Liabilities | ||||||
Defined Benefit Obligation | 27,231,471 | 27,658,093 | 25,222,103 | 25,222,103 | ||
Deferred Tax Liability | 31,276,406 | 32,491,855 | 23,590,437 | 24,805,886 | ||
Interest Bearing Loans and Borrowings | 13,937,995 | 14,910,396 | 2,448,684 | 3,421,084 | ||
72,445,872 | 75,060,344 | 51,261,224 | 53,449,074 | |||
Current Liabilities | ||||||
Trade and Other Payables | 352,409,717 | 393,140,325 | 225,455,005 | 339,257,275 | ||
Income Tax Payable | 11,870,923 | 21,856,919 | 19,163,156 | 12,241,302 | ||
Interest Bearing Loans and Borrowings | 1,686,794 | 2,213,194 | 1,325,572 | 1,851,972 | ||
Bank Overdraft | 90,344,696 | 27,998,615 | 88,533,517 | 40,209,566 | ||
456,312,130 | 445,209,053 | 334,477,250 | 393,560,115 | |||
Total Equity and Liabilities | 2,254,695,360 | 2,168,561,116 | 1,875,762,307 | 1,874,667,863 | ||
6.12 | 5.84 | 5.28 | 5.06 | |||
Net Assets per Share |
These financial statements are in compliance with the requirements of the Companies Act No :07 of 2007.
N Jayasuriya - Director Finance
The Board of Directors is responsible for the preparation and presentation of these financial statements. Signed for and on behalf of the Board by:
G V P G Amarasinghe - Director | K R Theadore - Director |
August 15, 2022
Colombo
-02-
Raigam Wayamba Salterns PLC & Subsidiary Companies
INCOME STATEMENT
Group | Company | |||
Rs. | Quarter ended 30th June | Quarter ended 30th June | ||
2022 | 2021 | 2022 | 2021 | |
(Un Audited) | (Un Audited) | (Un Audited) | (Un Audited) | |
Revenue | 363,583,893 | 273,609,936 | 319,951,255 | 257,334,309 |
Cost of Sales | (227,369,150) | (144,340,703) | (205,718,871) | (160,355,211) |
Gross Profit | 136,214,743 | 129,269,232 | 114,232,384 | 96,979,099 |
Other Income | - | - | - | |
Administrative Expenses | (22,209,921) | (21,072,122) | (18,265,990) | (15,877,025) |
Selling and Distribution Costs | (24,791,081) | (24,170,380) | (24,503,528) | (21,668,781) |
Results From Operating Activities | 89,213,741 | 84,026,730 | 71,462,866 | 59,433,293 |
Finance Cost | (120,844) | (365,120) | (119,044) | (20,854) |
Finance Income | 5,681,122 | 4,112,385 | 5,083,191 | 4,063,514 |
Net Finance (Cost) / Income | 5,560,278 | 3,747,265 | 4,964,147 | 4,042,660 |
Profit Before Tax | 94,774,019 | 87,773,995 | 76,427,013 | 63,475,953 |
Income Tax Expense | (17,364,315) | (16,043,130) | (14,061,854) | (11,669,482) |
Profit for the Period | 77,409,704 | 71,730,865 | 62,365,159 | 51,806,470 |
Earnings Per Share | ||||
- Basic Earnings Per Share | 0.27 | 0.25 | 0.22 | 0.18 |
-03-
Raigam Wayamba Salterns PLC & Subsidiary Companies
STATEMENT OF OTHER COMPREHENSIVE INCOME
Group | Company | |||||
Rs. | Quarter ended 30th June | Quarter ended 30th June | ||||
2022 | 2021 | 2022 | 2021 | |||
(Un Audited) | (Un Audited) | (Un Audited) | (Un Audited) | |||
Profit for the Period | 77,409,704 | 71,730,865 | 62,365,159 | 51,806,470 | ||
Actuarial (Loss)/Gain on post Retirement Benefit Liability | - | - | - | - | ||
Revaluation Gain | - | - | - | - | ||
Income Tax on Other Comprehensive Income | - | - | - | - | ||
Total Comprehensive Income, Net of Tax | 77,409,704 | 71,730,865 | 62,365,159 | 51,806,470 |
-04-
Raigam Wayamba Salterns PLC & Subsidiary Companies
STATEMENT OF CHANGES IN EQUITY
Group | Stated | Revaluation | Retained | Total |
Capital | Reserve | Earnings | ||
Rs. | ||||
Balance as at 31st March 2021 (Audited) | 604,414,640 | 124,319,086 | 699,983,644 | 1,428,717,370 |
Profit for the Period | - | - | 247,795,082 | 247,795,082 |
Final Dividend for 2020/2021 | - | - | (28,220,732) | (28,220,732) |
Balance as at 31st March 2022 (Un Audited) | 604,414,640 | 124,319,086 | 919,557,994 | 1,648,291,720 |
Profit for the Period | - | - | 77,409,704 | 77,409,704 |
Balance as at 30 June 2022 (Un Audited) | 604,414,640 | 124,319,086 | 996,967,698 | 1,725,701,424 |
Company | Stated | Revaluation | Retained | Total |
Capital | Reserve | Earnings | ||
Rs. | ||||
Balance as at 31st March 2021 (Audited) | 604,414,640 | 98,607,739 | 580,402,051 | 1,283,424,430 |
Profit for the Period | - | - | 172,454,976 | 172,454,976 |
Final Dividend for 2020/2021 | - | - | (28,220,732) | (28,220,732) |
Balance as at 31st March 2022 (Un Audited) | 604,414,640 | 98,607,739 | 724,636,295 | 1,427,658,674 |
Profit for the Period | - | - | 62,365,159 | 62,365,159 |
Balance as at 30 June 2022 (Un Audited) | 604,414,640 | 98,607,739 | 787,001,454 | 1,490,023,833 |
-05-
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Raigam Wayamba Salterns plc published this content on 16 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2022 03:21:07 UTC.