Kingsbury : Interim Financial Statements as of 31/12/2021

THE KINGSBURY PLC

Company Registration PQ 203

No:48, Janadhipathi Mawatha

Colombo-01

Interim Financial Statements

For the nine months ended 31st December 2021

Corporate Information

NAME OF COMPANY

The Kingsbury PLC

(A public limited company, incorporated in Sri Lanka in 1969)

COMPANY REGISTRATION NUMBER

PQ 203

STOCK EXCHANGE LISTING

The ordinary shares of the Company are listed with the Colombo Stock Exchange of Sri Lanka

REGISTERED OFFICE

48, Janadhipathi Mawatha,

Colombo 01, Sri Lanka

DIRECTORS

Mr.A.M.Pandithage - Executive Chairman

Mr.K.D.Dammika Perera - Co- Chairman (Non-Executive)

Mr.R.J.Karunarajah - Managing Director

Mr.S.C.Ganegoda

Mr.S.J.Wijesinghe

Mr.N.J. De Silva Deva-Aditya

Mr.L.N. De Silva Wijeyeratne

Ms.R.N.Ponnambalam

Mr.J.P.Van Twest

Ms.I. Jamaldeen

Ms. A.A. K.Amarasinghe (Alternate Director to Mr. K.D.D.Perera)

AUDIT COMMITTEE

Mr.L.N. De Silva Wijeyeratne - Chairman

Ms.R.N.Ponnambalam

Mr.J.P.Van Twest

REMUNERATION COMMITTEE

Mr.L.N. De Silva Wijeyeratne - Chairman Ms.R.N.Ponnambalam

SECRETARIES

Hayleys Group Services (Private) Limited 400, Deans Road, Colombo 10, Sri Lanka Telephone: [phone] Facsimile: (94-11)2627645

E-mail: [e-mail]

Please direct any queries about the administration of shareholdings to the Company Secretaries

THE KINGSBURY PLC

Statement of Profit or Loss

				###	648,974
(All amounts in Sri Lanka Rupees thousands)
		Unaudited	Unaudited		Unaudited	Unaudited		Audited
		9 months ended	9 months ended	Change	Quarter ended	Quarter ended	Change	Year ended
	Notes	31.12.2021	31.12.2020	%	31.12.2021	31.12.2020	%	31.03.2021
Turnover		1,200,183	504,464	<100	711,790	163,058	<100	777,923
Cost of sales		(1,015,370)	(602,448)	(69)	(494,529)	(208,111)	<(100)	(862,849)
Gross profit		184,813	(97,984)	<100	217,261	(45,053)	<100	(84,926)
Other income	5	12,704	18,276	(30)	1,038	7,611	(86)	33,405
Administrative expenses		(575,084)	(518,502)	(11)	(215,649)	(172,137)	(25)	(702,414)
Marketing expenses		(32,730)	(32,171)	(2)	(12,234)	(9,417)	(30)	(45,343)
Results from operating activities		(410,297)	(630,381)	35	(9,584)	(218,996)	96	(799,278)
						-
Finance income		198	555	(64)	137	41	<100	601
Finance expenses		(92,346)	(59,795)	(54)	(39,678)	(23,173)	(71)	(82,717)
Loss before tax		(502,445)	(689,621)	27	(49,125)	(242,128)	80	(881,394)
						-
Taxation		(24,656)	48,094	<(100)	(8,219)	25,579	<(100)	123,200
Loss for the period		(527,101)	(641,527)	18	(57,344)	(216,549)	74	(758,194)
Basic Earnings per share (Rs.)		(1.09)	(1.33)		(0.12)	(0.45)		(1.57)

The notes on page 6 forms an integral part of these Financial Statements.

Figures in brackets indicate deductions or losses.

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THE KINGSBURY PLC

Statement of Comprehensive Income

(All amounts in Sri Lanka Rupees thousands)
	Unaudited	Unaudited		Unaudited	Unaudited		Audited
	9 months ended	9 months ended	Change	Quarter ended	Quarter ended	Change	Year ended
	31.12.2021	31.12.2020	%	31.12.2021	31.12.2020	%	31.03.2021
Loss for the period	(527,101)	(641,527)	18	(57,344)	(216,549)	74	(758,194)
Other Comprehensive Income not to be reclassified to
profit or loss in subsequent periods
Re-measurement loss on defined benefit plans	-	-		-	-		6,062
Deferred tax effect on defined benefit plans	-	-		-	-		(849)
Other Comprehensive Income for the period, net of tax	-	-		-	-		5,213
Total Comprehensive Income/(loss) for the year, net of
tax	(527,101)	(641,527)	18	(57,344)	(216,549)	74	(752,980)

11,743.00

(294,137)

236,793

The notes on page 6 forms an integral part of these Financial Statements.

Figures in brackets indicate deductions or losses.

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THE KINGSBURY PLC

Statement of Financial Position

( All amounts in Sri Lanka Rupees thousands)
	Unaudited	Unaudited	Audited
	As at 31.12.2021	As at 31.12.2020	As at 31.03.2021
ASSETS
Non-current assets
Property Plant and Equipment	3,706,757	3,914,532	3,856,101
Intangible assets	6,251	7,747	7,250
Right-of-use asset	11,735	11,983	11,921
Total non-current assets	3,724,743	3,934,262	3,875,272
Current assets
Inventories	149,956	76,220	71,931
Trade and other receivables	274,820	29,498	29,572
Other current assets	181,896	114,506	117,405
Tax recoverable	8,431	8,052	8,431
Cash and cash equivalents	44,048	10,156	13,571
Total current assets
659,151	238,432	240,910
Total Assets
4,383,894	4,172,694	4,116,182
EQUITY AND LIABILITIES
Capital and reserves
Stated capital	836,000	836,000	836,000
Reserves	816,874	833,924	816,874
Retained earnings	(695,044)	(76,316)	(167,943)
Total Equity	957,830	1,593,608	1,484,931
Non- current liabilities
Interest-bearing borrowings	1,194,609	886,626	1,049,209
Post employment benefit obligation	64,440	70,754	66,458
Deferred tax liability	129,570	181,567	104,915
Lease liability	19,045	16,490	19,050
Other Non -current liabilities	800	1,675	4,150
Total non-current liabilities	1,408,464	1,157,112	1,243,782
Current Liabilities
Trade and other payables	1,023,473	663,312	667,110
Interest-bearing borrowings	446,449	317,720	248,483
Other current liabilities	112,688	116,712	118,395
Bank Overdraft	434,990	324,230	353,481
Total current liabilities
2,017,600	1,421,974	1,387,469
Total equity and liabilities
4,383,894	4,172,694	4,116,182
	(1)	0.29	(0.62)

I certify that these Financial Statements have been prepared in compliance with the requirements of the Companies Act No 7 of 2007.

Sgd.

Ravindra Dissanayake

Head of Finance

Signed for and on behalf of the Board

Sgd.	Sgd.
A. M. Pandithage	R. J. Karunarajah
Executive Chairman	Managing Director

The notes on page 6 forms an integral part of these Financial Statements.

Figures in brackets indicate deductions or losses

3rd February 2022 Colombo

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