Richard Pieris Exports PLC
Interim Financial Statements
Nine Months ended 31st December 2022
Consolidated Statement of Financial Position
ASSETS
Non-current Assets
Property, Plant & Equipment
Investment in Associate
Investment Property
Right of use asset
Advance Payment for Investment
Deferred Tax Asset
Discontinued Operations
Assets of Arpico Natural Latex Foams (Pvt ) Ltd
Current Assets
Inventories
Trade & Other Receivables
Tax Receivable
Short Term Investment
Amounts Due from Related Parties
Cash and Bank Balances
Total Assets
EQUITY AND LIABILITIES Stated Capital Revenue Reserves Foreign Currency Translation
Equity Attributable to Equity Holders of the Parent Non Controlling Interest
Total Equity
Non-Current Liabilities
Interest Bearning Loans and Borrowings
W```
Retirement Benefit Obligation
Lease Instalments Payable After One Year
Discontinued Operations
Liabilities of Arpico Natural Latex Foams (Pvt ) Ltd
Current Liabilities
Trade and Other Payables Income Tax Payable Amounts Due to Related Parties
Lease Instalments Payable In the Ensuing Year Interest Bearing Loans & Borrowings
Total Liabilities
Total Equity and Liabilities
The above figures are subject to audit
As at 31st December | As at 31st March | |
2022 | 2022 | |
Rs. 000 | Rs. 000 | |
2,218,857 | 1,705,284 | |
421,951 | 346,132 | |
352,599 | 352,599 | |
131,015 | 133,719 | |
57,363 | 57,363 | |
- | 2,240 | |
3,181,784 | 2,597,337 | |
- | - | |
1,340,761 | 752,757 | |
1,875,830 | 2,126,232 | |
- | - | |
472,856 | 448,788 | |
232,227 | 58,327 | |
2,255,692 | 1,761,802 | |
6,177,366 | 5,147,906 | |
9,359,150 | 7,745,243 | |
220,262 | 220,262 | |
3,770,636 | 2,899,207 | |
347,533 | 255,338 | |
4,338,431 | 3,374,807 | |
1,626,682 | 1,529,830 | |
5,965,113 | 4,904,637 | |
75,000 | 150,000 | |
86,575 | 88,134 | |
117,556 | 115,260 | |
139,557 | 135,057 | |
418,688 | 488,451 | |
226,990 | 226,944 | |
354,996 | 775,946 | |
132,576 | 88,366 | |
950,135 | 330,767 | |
14,449 | 14,448 | |
1,296,203 | 915,684 | |
2,748,359 | 2,125,211 | |
3,394,037 | 2,840,606 | |
9,359,150 | 7,745,243 | |
I certify that the above Financial Statements have been prepared in compliance with the requirments of the Companies Act No. 07 of 2007.
…………………………………………..
Palika Chandrajeewa
Chief Finance Officer -Exports Sector
The Board of Directors is responsible for the preparation and presentation of these Financial Statements.
Approved and Signed for and on behalf of the Board on 14th February 2023 in Colombo.
W.R.Abeysirigunawardena | W.J. Viville P. Perera | ||
Director | Director | ||
Company Statement of Financial Position
As at 31st December | As at 31st March | |
2022 | 2022 | |
Rs. 000 | Rs. 000 | |
ASSETS | ||
Non-current Assets | ||
Property, Plant & Equipment | 162,169 | 103,140 |
Long Term Investments | 463,023 | 463,023 |
Deferred Tax Asset | - | 2,240 |
Current Assets | 625,192 | 568,403 |
Inventories | 455,523 | 249,386 |
Trade & Other Receivables | 732,671 | 969,282 |
Other Current Financial Assets | 466,007 | 441,824 |
Amounts Due from Related Parties | 73,013 | 3,475 |
Cash and Bank Balances | 1,408,684 | 993,948 |
Total Assets | 3,135,898 | 2,657,915 |
3,761,090 | 3,226,318 | |
EQUITY AND LIABILITIES | ||
Stated Capital | 220,262 | 220,262 |
Revenue Reserves | 3,140,970 | 2,327,789 |
Total Equity | 3,361,232 | 2,548,051 |
Non-Current Liabilities | ||
Retirement Benefit Obligation | 81,748 | 77,798 |
Deferred Tax Liability | 1,027 | |
Current Liabilities | 82,775 | 77,798 |
Trade and Other Payables | 126,286 | 232,508 |
Income Tax Payable | 123,237 | 78,035 |
Amounts Due to Related Parties | 67,560 | 289,926 |
Total Liabilities | 317,083 | 600,469 |
399,858 | 678,267 | |
Total Equity and Liabilities | 3,761,090 | 3,226,318 |
The above figures are subject to audit
I certify that the above Financial Statements have been prepared in compliance with the requirments of the Companies Act No. 07 of 2007.
…………………………………………..
Palika Chandrajeewa
Chief Finance Officer -Exports Sector
The Board of Directors is responsible for the preparation and presentation of these Financial Statements.
Approved and Signed for and on behalf of the Board on 14th Febraury 2023 in Colombo.
……………………………. | |||
W.R.Abeysirigunawardena | W.J. Viville P. Perera | ||
Director | Director | ||
Consolidated Income Statements
3 months ended 31st December | 9 months ended 31st December | ||||||||
2022 | 2021 | Change | 2022 | 2021 | Change | ||||
Continuing Operations | Rs. '000 | Rs. '000 | % | Rs. '000 | Rs. '000 | % | |||
Revenue | 1,909,048 | 1,778,416 | 7 | 7,338,076 | 4,932,795 | 49 | |||
Cost of Sales | (1,487,153) | (1,202,429) | 24 | (5,202,121) | (3,313,847) | 57 | |||
Gross Profit | 421,895 | 575,987 | (27) | 2,135,955 | 1,618,948 | 32 | |||
Other Operating Income | 7,125 | 6,878 | 4 | 19,696 | 18,067 | 9 | |||
Distribution Costs | (308,958) | (299,925) | 3 | (1,135,901) | (729,362) | 56 | |||
Administrative Expenses | (108,560) | (76,958) | 41 | (331,982) | (212,326) | 56 | |||
Other Operating Expenses | - | - | - | - | - | ||||
Profit from Operations | |||||||||
11,502 | 205,982 | (94) | 687,768 | 695,327 | (1) | ||||
Finance Income | 14,272 | 14,012 | 2 | 142,845 | 31,452 | 354 | |||
Finance Cost | 45,655 | (15,432) | (396) | (713) | (28,129) | (97) | |||
Other Financial Items | 12,743 | 5,483 | 132 | 724,360 | 24,770 | 2,824 | |||
Share of Profit/ (Loss) of Associate | (5,576) | 3,493 | (260) | (19,063) | 514 | (3,809) | |||
Profit Before Tax | 78,596 | 213,538 | (63) | 1,535,197 | 723,934 | 112 | |||
Taxation | (26,038) | (31,643) | (18) | (240,731) | (99,261) | 143 | |||
Profit for the Period from Continuing Operations | 52,558 | 181,895 | (71) | 1,294,466 | 624,673 | 107 | |||
Discontinued Operations | |||||||||
Loss after tax for the period from discontinued operations | (15) | (15) | - | (45) | (45) | - | |||
Profit for the period | 52,543 | 181,880 | (71) | 1,294,421 | 624,628 | 107 | |||
Attributable to: | - | - | - | - | |||||
Equity Holders of the Parent | 61,266 | 148,154 | (59) | 1,197,569 | 461,310 | 160 | |||
Non Controlling Interest | (8,723) | 33,725 | (126) | 96,852 | 163,318 | (41) | |||
52,543 | 181,879 | (71) | 1,294,421 | 624,628 | 107 | ||||
Rs. | Rs. | Rs. | Rs. | ||||||
Earnings Per Share | 5.49 | 13.27 | 107.27 | 41.32 | |||||
Earnings Per Share from Continuing Operations | 5.49 | 13.27 | 107.27 | 41.32 | |||||
Dividend per Share | - | - | - | - | |||||
Figures in brackets indicate deductions. | |||||||||
The above figures are subject to audit. | |||||||||
Company Income Statements
3 months ended 31st December | 9 months ended 31st December | |||||||
2022 | 2021 | Change | 2022 | 2021 | Change | |||
Rs. '000 | Rs. '000 | % | Rs. '000 | Rs. '000 | % | |||
Revenue | 522,708 | 608,294 | (14) | 2,624,773 | 1,676,079 | 57 | ||
Cost of Sales | (413,390) | (372,274) | 11 | (1,676,749) | (1,082,590) | 55 | ||
Gross Profit | 109,318 | 236,020 | (54) | 948,024 | 593,489 | 60 | ||
Other Operating Income | 207 | 1,521 | (86) | 1,390 | 2,014 | (31) | ||
Distribution Costs | (50,592) | (81,810) | (38) | (286,156) | (146,333) | 96 | ||
Administrative Expenses | (32,326) | (26,317) | 23 | (101,949) | (78,218) | 30 | ||
Profit from Operations | 26,607 | 129,414 | (79) | 561,309 | 370,952 | 51 | ||
Finance Income | 64,096 | 8,911 | 619 | 138,993 | 23,049 | 503 | ||
Finance Cost | (1,754) | (2,954) | (41) | (4,349) | (4,989) | (13) | ||
Other Financial Items | 10,491 | 3,949 | 166 | 384,286 | 1,523 | 25,132 | ||
Profit before Tax | 99,440 | 139,320 | (29) | 1,080,239 | 390,535 | 177 | ||
Taxation | (27,250) | (19,664) | 39 | (162,406) | (53,304) | 205 | ||
Profit Attributable to Ordinary Shareholders | 72,190 | 119,656 | (40) | 917,833 | 337,231 | 172 | ||
Rs. | Rs. | Rs. | Rs. | |||||
Earnings Per Share | 6.47 | 10.72 | 82.22 | 30.21 | ||||
Dividend Per Share | - | - | - | - | ||||
Figures in brackets indicate deductions.
The above figures are subject to audit.
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Richard Pieris Exports plc published this content on 15 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2023 11:04:07 UTC.