BANSEI ROYAL RESORTS HIKKADUWA PLC |
Company Registration Number - PV 20150 PQ |
INTERIM REPORT |
1st QUARTER |
THREE MONTHS ENDED 30TH JUNE 2025 |
BANSEI ROYAL RESORTS HIKKADUWA PLC | ||
CORPORATE INFORMATION | ||
NAME OF COMPANY | Bansei Royal Resorts Hikkaduwa PLC | |
Company Number PV 20150 PQ | ||
LEGAL FORM | A Limited Liability Company incorporated in Sri Lanka under | |
the Companies Ordinance as a Private Company on 22nd February | ||
1976 and re-registered under Companies Act No 07 of 2007 on 29th | ||
December 2010. The Company changed its status to a Public Limited | ||
Company with effect from 6th March 2014. In March 2014, its shares | ||
were listed on the Dirisavi Board of the Colombo Stock Exchange. | ||
BOARD OF DIRECTORS | Mr. A Y M Warnakulasooriya | ( Chairman ) |
Mr. T Murakami | ( Deputy Chairman ) | |
Mr. Hiroyuki Ota ( Chief Executive Officer ) | ||
Mr. R D R Perera | ||
Mr.Nobuhito Hobo | ||
Mr. C L Godamanna | ||
Mr. R S V Dharmapala | ||
SECRETARIES | Corporate Aracade Ltd | |
No .9/4, Edmonton Road | ||
Kirulapona | ||
Colombo 06. | ||
AUDITORS | M/s. Ernst & Young | |
Chartered Accountants | ||
Rotunda Towers,No. 109 | ||
Galle Road | ||
Colombo 03. | ||
REGISTERED OFFICE | 4th Floor, West Tower, World Trade Centre | |
Colombo 01. | ||
Phone - +9411 2339135 | ||
Fax - +9411 2339138 | ||
Page 01 | ||
Page 01 | ||
BANSEI ROYAL RESORTS HIKKADUWA PLC INVESTOR INFORMATION | |||
1 | Shares Information | 30.06.2025 (Rs.) | 30.06.2024 (Rs.) |
Closing price on | 22.30 | 13.60 | |
Highest price recorded for the three months ending | 23.00 | 14.70 | |
Lowest price recorded for the three months ending | 16.60 | 12.10 | |
Float adjusted Market Capitalization | 119,813,440 | 73,070,080 | |
The float adjusted market capitalisation as at 30th June was 119,813,440/- The percentage of shares held by the public as at 30th June is 10% and the number of public share holders as at 30th June 2025 was 708.
The company is compliant with rule 7.13.1(b)& Appendix 7B(a) of the Listing Rule of The Colombo Stock Exchange on minimum public share holding with option 2 under Dirisavi Bord.
-
Ratios
Net assets per share 5.53 5.61
5 Share trading for the three months ended
Number of transactions
571
552
Number of shares traded
173,343
132,125
Value of shares traded (Rs.)
3,408,155
1,734,419
6 Twenty Largest Shareholders as at 30th June 2025
(Rs.5.57 as at 31.03.2025)
Name of Shareholder
No of Shares as at
%
30.06.2025
BANSEI SECURITIES COMPANY LIMITED
20,953,677
39.00%
HIKKADUWA HOTEL HOLDINGS (PVT) LTD
16,655,923
31.00%
VERITAS HOLDINGS (PVT) LTD
5,372,800
10.00%
BANSEI HOLDINGS CO. LTD
5,372,800
10.00%
MRS.C.V PERERA
1,009,542
1.88%
MR.D.S.K KARUNARATNE
895,400
1.67%
MR.S.M.D.C.W SENARATHNE
748,965
1.39%
MR.J.V.W.MALAWANA
662,031
1.23%
MR.T.G.S.WICKRAMA
624,845
1.16%
MR.S.M.THENABADU
110,925
0.21%
MR.G.V.SANJAYA
100,507
0.19%
MR.M.T.M PEIRIS
90,000
0.17%
MERCHANT BANK OF SRI LANKA & FINANCE PLC/Y R P DE SILVA MR.
Y R P DE SILVA
77,080
0.14%
15,276
0.03%
SENKADAGALA FINANCE PLC/N.M.AMARAWICKRAMA
82,524
0.15%
DR. G.S. PERERA
60,000
0.11%
MR. A.P.GAMAGE
50,181
0.09%
MR. S S MIRANDA
48,319
0.09%
MR.R.E.RAMBUKWELLE
43,500
0.08%
HATTON NATIONAL BANK PLC/MR.R.E.RAMBUKWELLE
35,000
0.07%
LOLC FINANCE PLC/S.Y.E.FERNANDO
40,802
0.08%
MR.J.A.N.S.JAYAKODY
40,028
0.07%
TOTAL
53,090,125
98.81%
There were no non voting shares as at 30th June 2025
The percentage of shares held by public as per Colombo Stock Exchange Rules as at 30th June 2025 was 10% Number of Public shareholders - 708
Directors' shareholding.
Directors
Name
Directors' Direct Share holding as at 30th June'2025
No of Shares
%
MR.A.Y.M.WARNAKULASOORIYA
-
-
MR.T.MURAKAMI
-
-
MR.HIROYUKI OTA
-
-
MR.R.D.R.PERERA
-
-
MR.NOBUHITO HOBO
-
-
MR.C.L.GODAMANNA
-
-
MR.R.S.V.DHAMAPALA
-
-
Page 02
BANSEI ROYAL RESORTS HIKKADUWA PLC INCOME STATEMENTBANSEI ROYAL RESORTS HIKKADUWA PLC
STATEMENT OF FINANCIAL POSITION
Audited
Unaudited
Unaudited
as at
as at
as at
31.03.2025
30.06.2025
30.06.2024
Rs.'000
Rs.'000
Rs.'000
ASSETS
Non - Current Assets
198,718
Property, Plant and Equipment
195,789
185,081
198,718
195,789
185,081
Current Assets
3,196
Inventories
3,087
3,022
7,309
Trade and Other Receivables
6,484
3,789
4,818
Advances, Deposits and Prepayments
5,516
7,208
135,635
Other Financial Assets
120,848
126,289
2,578
Cash at Bank and in Hand
8,066
13,586
153,536
144,002
153,894
352,255
Total Assets
339,791
338,975
EQUITY AND LIABILITIES
Capital and Reserves
272,280
Stated Capital
272,280
272,280
27,035
Retained Earnings
24,919
29,089
299,315
Total Equity
297,199
301,369
Non-Current Liabilities
4,036
Post-Employment Benefit Liability
4,044
3,393
29,653
Deferred Tax Liability
28,518
20,421
33,689
32,562
23,813
Current Liabilities
18,287
Trade and Other Payables
9,067
12,994
963
Dividend Payable
963
798
19,250
10,030
13,792
52,939
Total Liabilities
42,592
37,605
352,255
Total Equity and Liabilities
339,791
338,975
The Statement of Financial Position as at 30th June 2025, the Income Statement, Statement of
Comprehensive Income, Statement of Changes in Equity and Cash Flow Statement for the three
months then ended are drawn up from the unaudited financial statements of the Company and they
provide the information required by the Colombo Stock Exchange.
It is certified that the financial statements have been prepared in compliance with the requirements of
the Companies Act No. 7 of 2007.
sgd.
Finance Officer
The Board of Directors is responsible for the preparation and presentation of these financial statements.
Signed for and on behalf of the Board by.
sgd.
sgd.
Director
Director
23 July 2025
Colombo
Page 03
Audited as at
Unaudited 03 months
Unaudited 03 months
Variance Favorable
31.03.2025
ended 30.06.2025
ended 30.06.2024
(Unfavorable)
Rs.'000
Rs.'000
Rs.'000
139,550
Revenue
18,924
27,926
-32%
(28,696)
Cost of Sales
(3,815)
(5,621)
32%
110,855
Gross Profit
15,109
22,305
-32%
(45)
Other Income
1
154
-99%
(3,615)
Marketing & Promotional Expenses
(491)
(608)
19%
(87,156)
Administrative Expenses
(20,739)
(18,479)
-12%
-
Finance Cost
-
-
0%
10,434
Finance income
2,868
3,514
-18%
30,473
Profit/(Loss) Before Tax
(3,252)
6,887
-147%
(9,028)
Tax (Charge)/Reversal Expenses
1,135
-
-
21,445
Profit/(Loss) for the Period
(2,117)
6,887
-131%
0.40
Earnings/(Loss) per share for the period (Basic)-Rs.
(0.04)
0.13
-131%
Notes
Operating profit/(loss) is after Charging following
8,975 Depreciation 3,049 1,920
Stated Capital Issued and fully paid
272,280 53,728,000 Ordinary Shares 272,280 272,280
These interim financial statements have been prepared in accordance with the accounting policies set out in the Annual Report for the year ended 31.03.2025
and are also in compliance with Sri Lanka Accounting Standard (LKAS) 34- Interim financial reporting.
There are no significant contingent liabilities as at 30th June 2025
Figures in brackets indicate deductions
There are no distinguishable components to be identified as segments for the Company.
No circumstances have arisen since the reporting date, which would require adjustments to or disclosure in the Financial Statements.
Two months of the period under review relates to the off-season of the tourism industry
in Sri Lanka
Page 04
BANSEI ROYAL RESORTS HIKKADUWA PLC | ||||
STATEMENT OF COMPREHENSIVE INCOME | ||||
Audited | Unaudited | Unaudited | ||
as at | 03 months | 03 months | ||
31.03.2025 | ended | ended | ||
30.06.2025 | 30.06.2024 | |||
Rs.'000 | Rs.'000 | Rs.'000 | ||
21,445 | Profit/(Loss) for the period | (2,117) | 6,887 | |
212 | Deferred Tax effect | - | - | |
(706) | Actuarial Gain on Post-Employment Benefit Liabilities | - | - | |
(495) | Other Comprehensive Income/(Loss) for the Period | - | - | |
20,951 | Total Comprehensive Income/(Loss) for the Period | (2,117) | 6,887 | |
Page 05 | ||||
BANSEI ROYAL RESORTS HIKKADUWA PLC | |||||||
STATEMENT OF CHANGES IN EQUITY | |||||||
Stated | Shareholders' | Retained | |||||
Capital | Funds | Earnings | Total | ||||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | ||||
Balance as at 01st April 2024 | 272,280 | - | 22,203 | 294,483 | |||
Loss for the Period | - | - | 6,887 | 6,887 | |||
Other Comprehensive Income | - | - | - | ||||
Total Comprehensive Income | - | - | 6,887 | 6,887 | |||
Balance as at 30th June'2024 | 272,280 | - | 29,089 | 301,369 | |||
Balance as at 01st April 2025 | 272,280 | - | 27,035 | 299,315 | |||
Loss for the Period | - | - | (2,117) | (2,117) | |||
Other Comprehensive Income | - | - | - | ||||
Total Comprehensive Income | - | - | 24,919 | 24,919 | |||
Balance as at 30th June 2025 | 272,280 | - | 24,919 | 297,199 | |||
Page 06 | |||||||
BANSEI ROYAL RESORTS HIKKADUWA PLC | ||||
CASH FLOW STATEMENTS | ||||
Audited | Unaudited | Unaudited | ||
as at | 03 months | 03 months | ||
31.03.2025 | ended | ended | ||
30.06.2025 | 30.06.2024 | |||
Rs.'000 | Rs.'000 | Rs.'000 | ||
Cash Flow from Operating Activities | ||||
30,473 | Profit/(Loss) before Tax for the period | (3,252) | 6,887 | |
Adjustment for | ||||
8,982 | Depreciation | 3,049 | 1,951 | |
(12,192) | (Income) from Investments-Interest Income | (2,868) | (3,514) | |
84 | (Profit)/Loss on Disposal of Property Plant & Equipment | - | - | |
1,070 | Provision for Defined Benefit Plans | 120 | 120 | |
(39) | Exchange (Gain)/Loss | (1) | 1 | |
1,758 | (Gain)/Loss on Insurance Proceeds | - | - | |
30,136 | Operating Profit before Working Capital Changes | (2,951) | 5,445 | |
399 | (Increase)/Decrease in Inventories | 109 | 569 | |
(2,409) | (Increase)/Decrease in Trade and Other Receivables | 824 | 1,099 | |
804 | (Increase )/Decrease in Advance Deposits & Prepayments | (698) | (1,587) | |
3,369 | (Increase)/(Decrease) in Trade and Other Payables | (9,220) | (2,506) | |
32,300 | Cash Generated from Operations | (11,935) | 3,021 | |
(1,014) | Income Tax Paid | (112) | - | |
- | Defined Benefit Plan Costs Paid net of transfers | - | - | |
31,286 | Net Cash from Operating Activities | (12,047) | 3,021 | |
Cash Flows from/(Used in) Investing Activities | ||||
(7,488) | (Acquisition) / Withdrawal of short term Investments | 14,787 | 1,859 | |
(22,476) | Acquisition of Property, Plant & Equipment | (120) | (1,521) | |
191 | Proceeds from Sale of Property, Plant & Equipment | - | 5 | |
10,434 | Interest Income | 2,868 | 3,514 | |
(19,340) | Net Cash Flows from/(Used in) Investing Activities | 17,535 | 3,856 | |
Cash Flows from/(Used in) Financing Activities | ||||
(16,118) | Dividend Paid | - | - | |
(16,118) | Net Cash Flows/(Used in) Financing Activities | - | - | |
39 | Effect of Exchange Rate changes on cash and cash Equivalents | 1 | (1) | |
(4,132) | (Net Increase)/Decrease in Cash & Cash Equivalents | 5,488 | 6,876 | |
6,710 | Cash and Cash Equivalents at the beginning of the period | 2,578 | 6,710 | |
2,578 | Cash and Cash Equivalents at the end of the period | 8,066 | 13,586 | |
2,578 | Cash and Bank Balance | 8,066 | 13,586 | |
- | Bank Overdraft | - | - | |
2,578 | 8,066 | 13,586 | ||
Page 07 |
Audited
as at 31.03.2025 Rs.'000
ASSETS
BANSE1 ROYAL RESORTS HIKKADUWA PLC
STATEMENT OF FZNANCZAL POSITION
Unaudited ar at 30.06.2025 Rs.'000
Unaudited as at 30.06.2024 Rs.'000
Non - Current Assets
I 98,718 Property, Plant and EqLiT pment
185,081
.t98,718
Current Assets
3, f96 Inventories
7,309 Trade and Other Receivables
4,8 t8 Advances, Deposits and Prepayments 135, F35 Other Financial Assets
7, 578 Cash at Bank and in Hand
?3,536"
195,789
3087
6,484
5516
8,066
l44oo2 '" 339,791
185,08t
30223,789
7208
126,289
13,586
153,894
338,975
EQUITY AND L1ABGLZTIES | ||||
Capital and Reserves | ||||
272,280 27,035 299,315 | Staked Capital Retained Earnings Total Equity | 272,280 24919 297,199 | 272,280 29,089 301,369 | |
Non-Current Liabilities | ||||
1,036 | Post-Employment Benefit Liability | 3,393 | ||
29,653 | DeFerred Tax Liability | 20,421 | ||
33,689 | 32,562 | 23B13 | ||
18,287 | Current Liabilities Trade and Other Payables | 9,067 | 12,994 | |
963 | Dividend Payable | 963 | 798 | |
t9,250 | 13792 | |||
fi2,939 | Total Liabilities | 42,592 | 37,605 | |
ñb2,2!›ñ | Total Equity and Liabilities | 33g79l | 338,975 | |
I he Statement of financial l°osition as at 30tñ June 202 b, tfie Income Statement, Statement of Comprehensive Income, Statement of Changes in Equity and Cash Flow Statement for the three months then ended are drawn up from the unaudited financial statements of the Company and they provide the information required by the Colombo Stock Exchange.
I'm is certified that the financial statements have been prepared in compliance with the reouirements of
the Companies Act N 7 of 007.
ma fficer
The Board of Directors is responsible for the preparation and presentation of these financial statements. Signed for and on behalf of the Board by.
23JuIy 2025
CO10ITI bO
Page 03