TEA SMALLHOLDER FACTORIES PLC 1
TEA SMALLHOLDER FACTORIES PLC
No. 04, Leyden Bastian Road, Colombo 01.
21-Jul-2022
INCOME STATEMENT | |
Note | |
Continuing Operations | |
Revenue from Contracts with Customers | |
Cost of Sales | |
Gross Profit | |
Other Operating Income | |
Administrative Expenses | |
Management Fees | |
Results From Operating Activities | |
Finance Cost | |
Finance Income | |
Net Finance Income | 5 |
Profit Before Tax | |
Tax Expense | 6 |
Profit for the Period
Earnings per share - Basic
Earnings per share - Diluted
Dividend per Share
Note : All values are in Rupees '000s, unless otherwise stated. Figures in brackets indicate deductions.
The above figures are not audited.
For the three months ended 30th June
2022 | 2021 | Change |
% | ||
932,186 | 501,999 | 86 |
(709,001) | (499,709) | 42 |
223,185 | 2,290 | 9,646 |
31,176 | 15,364 | 103 |
(18,274) | (14,181) | 29 |
(27,718) | (3,739) | 641 |
208,369 | (266) | 78,434 |
(223) | (14) | 1,493 |
5,584 | 1,293 | 332 |
5,361 | 1,279 | 319 |
213,730 | 1,013 | 20,999 |
(30,506) | (550) | 5,447 |
183,224 | 463 | 39,473 |
Rs. Rs.
6.11 0.02
6.11 0.02
--
Tea Smallholder Factories PLC - Interim Financial Statements
2
TEA SMALLHOLDER FACTORIES PLC
No. 04, Leyden Bastian Road, Colombo 01.
STATEMENT OF COMPREHENSIVE INCOME
For the three months ended 30th June
Profit for the Period
Other Comprehensive Income
Other comprehensive income not to be reclassified to income statement in subsequent periods
2022 | 2021 | Change |
% | ||
183,224 | 463 | 39,473 |
--
--
Total Other Comprehensive Income for the period, net of tax | - | - | - |
Total Comprehensive Income for the period, net of tax | 183,224 | 463 | 39,473 |
Note : All values are in Rupees '000s, unless otherwise stated.
Figures in brackets indicate deductions.
The above figures are not audited.
Tea Smallholder Factories PLC - Interim Financial Statements
3 | |||
TEA SMALLHOLDER FACTORIES PLC | |||
No. 04, Leyden Bastian Road, Colombo 01. | |||
STATEMENT OF FINANCIAL POSITION | 21-Jul-2022 | ||
As at | |||
As at 30th June | 2022 | 2021 | 31st March 2022 |
ASSETS | |||
Non-Current Assets | |||
Property, Plant and Equipment | 763,109 | 805,294 | 739,470 |
Right of Use Assets | 2,198 | 2,287 | 2,220 |
Investment Property | 582,798 | 424,605 | 582,798 |
Intangible Assets | 8,303 | 8,703 | 8,403 |
Non-Current Financial Assets | 4,417 | 2,810 | 4,680 |
Other Non-Current Assets | 497 | 447 | 535 |
Current Assets | 1,361,322 | 1,244,146 | 1,338,106 |
Inventories | 411,321 | 312,240 | 241,285 |
Trade and Other Receivables | 96,775 | 61,990 | 80,947 |
Other Current Assets | 9,101 | 17,776 | 2,894 |
Short Term Investments | 249,671 | 104,433 | 216,128 |
Cash in Hand and at Bank | 6,364 | 7,475 | 4,249 |
773,232 | 503,914 | 545,503 | |
Total Assets | 2,134,554 | 1,748,060 | 1,883,609 |
EQUITY AND LIABILITIES | |||
Capital and Reserves | |||
Stated Capital | 150,000 | 150,000 | 150,000 |
Revaluation Reserve | 610,627 | 529,015 | 610,627 |
Retained Earnings | 938,268 | 769,172 | 755,044 |
Total Equity | 1,698,895 | 1,448,187 | 1,515,671 |
Non-Current Liabilities | |||
Deferred Tax Liabilities | 109,223 | 97,817 | 110,149 |
Employee Benefit Liabilities | 38,946 | 45,154 | 38,533 |
Deferred Grants and Subsidies | 442 | 462 | 447 |
148,611 | 143,433 | 149,129 | |
Current Liabilities | |||
Trade and Other Payables | 229,704 | 135,915 | 200,007 |
Amounts due to Related Parties | 5,338 | 2,887 | 2,965 |
Income Tax Payable | 32,045 | 4,701 | 613 |
Other Current Liabilities | 12,080 | 12,937 | 13,141 |
Bank Overdraft | 7,881 | - | 2,083 |
287,048 | 156,440 | 218,809 | |
Total Equity and Liabilities | 2,134,554 | 1,748,060 | 1,883,609 |
Rs. | |||
Net Assets Per Share (Rs.) | 56.63 | 48.27 | 50.52 |
Note : All values are in Rupees '000s, unless otherwise stated.
The above figures are not audited.
I certify that the financial statements comply with the requirements of the Companies Act No.7 of 2007.
K. D. Weerasinghe
Chief Financial Officer
The Board of Directors is responsible for these financial statements.
K. N. J. Balendra | J. G. A. Cooray |
Director | Director |
Tea Smallholder Factories PLC - Interim Financial Statements
4
TEA SMALLHOLDER FACTORIES PLC | ||||
CASH FLOW STATEMENT | ||||
For the three months ended 30th June | 2022 | 2021 | ||
CASH FLOWS FROM OPERATING ACTIVITIES | ||||
Profit / (Loss) Before Tax | 213,730 | 1,013 | ||
Profit / (Loss) Before Tax | 213,730 | 1,013 | ||
ADJUSTMENTS FOR : | ||||
Finance Income | (5,584) | (1,293) | ||
Depreciation of Property, Plant and Equipment | 14,644 | 16,868 | ||
Amortisation of Right of Use Assets | 21 | 21 | ||
Amortisation of Intangible Assets | 100 | 100 | ||
Gratuity Charge and Related Cost | 1,376 | 1,719 | ||
Amortisation of Grants | (5) | (5) | ||
Finance Cost | 223 | 14 | ||
Operating Profit before Working Capital changes | 224,505 | 18,437 | ||
(Increase) / Decrease in Inventories | (170,037) | (58,635) | ||
(Increase) / Decrease in Trade and Other Receivables | (15,421) | (3,381) | ||
(Increase) / Decrease in Other Current Assets | (3,911) | (4,271) | ||
Increase / (Decrease) in Trade and Other Payables | 29,698 | (23,530) | ||
Increase / (Decrease) in Amount due to Related Parties | 2,373 | 15 | ||
Increase / (Decrease) in Other Current Liabilities | (1,061) | (346) | ||
Cash Generated from Operations | 66,146 | (71,711) | ||
Finance Income Received | 3,184 | 1,223 | ||
Finance Cost Paid | (223) | (14) | ||
Gratuity Paid | (964) | (2,117) | ||
Net Cash Flow from Operating Activities | 68,143 | (72,619) | ||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||
Purchase of Property, Plant and Equipment | (38,282) | (7,027) | ||
Net Cash Flow from / (used) in Investing Activities | (38,282) | (7,027) | ||
Net Increase / (Decrease) in Cash and Cash Equivalents | 29,861 | (79,646) | ||
Cash and Cash Equivalents at the beginning | Note A | 218,293 | 191,554 | |
Cash and Cash Equivalents at the end | Note B | 248,154 | 111,908 | |
NOTES | ||||
A. Cash and Cash Equivalents at the beginning | ||||
Cash in Hand and at Bank | 4,248 | 4,291 | ||
Short Term Investments (less than three months) | 216,128 | 187,265 | ||
Bank Overdraft | (2,083) | (2) | ||
218,293 | 191,554 | |||
B. Cash and Cash Equivalents at the end | ||||
Cash in Hand and at Bank | 6,364 | 7,475 | ||
Short Term Investments (less than three months) | 249,671 | 104,433 | ||
Bank Overdraft | (7,881) | - | ||
248,154 | 111,908 | |||
STATEMENT OF CHANGES IN EQUITY | ||||
Stated | Revaluation | Retained | Total | |
Capital | Reserve | Earnings | ||
As at 1st April 2021 | 150,000 | 529,015 | 768,709 | 1,447,724 |
Profit for the period | - | - | 463 | 463 |
Other comprehensive income | - | - | - | - |
Total comprehensive income | - | - | 463 | 463 |
As at 30th June 2021 | 150,000 | 529,015 | 769,172 | 1,448,187 |
As at 1st April 2022 | 150,000 | 610,627 | 755,044 | 1,515,671 |
Profit for the period | - | - | 183,224 | 183,224 |
Other comprehensive income | - | - | - | - |
Total comprehensive income | - | - | 183,224 | 183,224 |
As at 30th June 2022 | 150,000 | 610,627 | 938,268 | 1,698,895 |
Note : All values are in Rupees '000s, unless otherwise stated. |
Figures in brackets indicate deductions.
The above figures are not audited.
Tea Smallholder Factories PLC - Interim Financial Statements
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Tea Smallholder Factories plc published this content on 21 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 July 2022 14:43:03 UTC.
