EML Consultants PLC
FINANCIAL STATEMENTS
FORTHE PERIOD ENDED 30.09.2024
Rajamahavihara Road,
Pitakotte
--!
EML CONSULTANTS PLC
FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30,09.2024
Contents | Page | ||
L | Comprehensive Income Statement | 1 | |
2 | Statement of Financial Position | z | |
3 | Statement of Changes in Equity | 3 | |
{ | 4 | Statement of Cash Flows | 4 |
l | |||
5 | Notes to the Financial Statements | 5&6 |
EML CONSULTANTS PLC
STATEMENT OF COMPREHENSIVE INCOME
Quarter ended 30 September
01..07.2024 to | 0'1,.07.2023to | |
30.09.2024 30.09.2023 | ||
Revenue | 21,825,895 | 1,6,230,783 |
Direct Cost | (13,369,413) | (9,617,283) |
Gross Profit | 9,456,492 | 6,619,500 |
Other (Loss) / Income | (1,,865,298) | 7,355,782 |
Administrative Expenses | (70,268,773) | (71,940,047) |
Operating (Loss) / Profit | (3,677,529) | 2,035,235 |
Finance Income | 1,695,968 | 2,290,238 |
Finance Income - net | L,695,96g | 2,290,239 |
(Loss) / Profit Before Tax | (1,981,561) | 4,325,473 |
Income Tax |
Page 01
Nine Months ended 30
ember
0L.01..2024 to 01.01.2023 to
30.09.2024 30.09.2023
'72;447,60460,279,?-93
(47,694,781) (36,616,529)
24,752,823 23,662,764
(L,677,093) (72,731,129)
(33,096,920) (32,600,821)
(10,02L,190) (21,669,186)
5,L07,681. 9,779,585
5,'107,68'1. 9,773,595
{4,913,509) (11,995,601)
(Loss) lProfit For The Year | (1,981,561) | 4,325,473 | (4,913,509) (11,995,601) | |
Basic (Loss) / Earnings per Share | (0.02) | 0.0s | (0.0s) | (0.13) |
EML CONSULTANTS PLC
STATEMENT OF FINANCIAL POSITION
Assets
Non-Current Assets
Property, Plant and Equipment
Total Non-Current Assets
Current Assets
Trade and Other l{eceivables
Income Tax llecoverable
Financial Assets
Amount due from Related Party
Cash ar-rd Cash Lquivaler-rts
Total Current Assets
Total Assets
EQUITY AND LtABIt t iltS
Capital and Reserves
Stated Capital
Ilevaluation Reserve
Retair-red Earnings
Total Shareholder'sFunds
N on-Current Liabilities
Loans and Borrowings
Retirement Bet-Letit Obligations
[)eielred lnconrc Tar Lirhilities
Total Non-Current Liabilities
Current Liabilities l"oans and Borrorvings T'r-adearrd Other 1'at,ables Ar.noturt due to Related Partr,,
Total Current Liabilities
Total Liabilities
Total Equity and Liabilities
Net Assets per Share - In LKR
Page 02
Unaudited Audited
As at | As at |
3L.12.2023
Rs.
rc9,421,437
L09,42L,43.1
1.7,977,741
7,E79,116
7 t8,177 ,t) L5
16,367,79t)
10,044,310 -164,383,981
273,805,412
90,900,000
s8,869,038
70,547,774
220,316,812
3,152,6572,497,657
8,L1.L,291.8,11.1,265
962,9EE
11.,565,910
13,570,21.8 | 1 3,,163,032 |
27,243,848 26,156,659
? ln) !lc)c)
41,922,690
s3,488,600
273,805,412
The Irinancial Statemer-rts are in compliance with the .requirements of the Companies Act No. 07 oi 2007.
N/ ,/
t"
Head ol Finturce
T1-re [Joald of Directors is responsible for the preparation and
Approved and,Wsigned for and on behalf oi thr. Board
Dlector
Date :07.11,2024
presentation of these Finar-rcial Statei]1ents.
r[
- Director
I
EML CONSULTANTS PLC
STATEMENT OF CHANGES IN EQUITY
Balance as at 1 January 2023
Total Comprehensive Loss For The Perlod (Nine Months)
Unaudited Balance as at 30 September 2023
Audited Balance as at 1 |anuary 2024
'lota1Comprehensive Loss For The Period (Nine Months)
Unaudited Balance as at 30 September 2024
Stated | Revaluation | Retained |
Capital | Reserve | Earnings |
Rs. | Rs. | Rs. |
90,900,000 | 79,875,932 | |
(11,895,601) | ||
90,900,000 | 67,980,33'1, | |
90,900,000 | 58,869,038 | 70,547,774 |
(4,913,s09) |
90,900^000 58f69^038 6r6gL265
Page 03
'l'otal
I(s.
170,775,932
(11,89s,601 )
158,880,331
220,376,812
(4,9 l.l.5il!r I
215,403,303
EML CONSULTANTS PLC
STA'TEMENT OF CASHFLOW
Cash Flows From Operating Activities
Loss before tax
Adjustments for:
Depreciation
Interest income
Interest expense
Operating Loss Before Working Capital Changes
Changes in working capital:
- (lncrease) / Decrease in Trade and Other Receivable
- (lncrease) / Decrease in Amounts Due From Related Party
- lncrease / (Decrease) in Trade and Other Payabies
- lncrcase / (Decrease) in Amor-rnts Dure. To Related partv Cash Generated From / (Used In) Operations
Interest Paid
Cratr-ritv Paicl
Tnc( rnt, I rr, Pa jd
Net Generated From / (Used In) Operating Activities
Cash F'lowsIrrom Investing Activities
lnterest received
Plrrchase of Ploperty, Plant & Equipn-rents
(lnr.estment) / uplift in short term investment
Net Cash (Used In) / Generated From Investing Activities
Cash llows From Financing Activities
M) (,ntcnt in boil owing
Net Cash Used In Financing Activities
Net (Decrease) / Increase in Cash and Cash Equivalents
Cash and Cash Equivalents at the Beginning of the year
Cash and Cash Equivalents at the End of the year
eaeh ata saqhssuryalealt
Ftoorsnble Crch €t Cash Equiztalett Balances
Folcigrr S.rving Accounts
Local Saving Accounts
Local Current Accounts
Petty Cash
T'otalFavourable Cash & Cash Equivalent
Urrfttttourable Cash tt Cash Equiailent Bnlances
Local Current Accor,tnts
'I'otal
Unfavourable Cash & Cash Equivalent
T'otolCnsh arul Cash Equiaalent for the pwyose o.f statement of Cash Flotos
Page 04
01..01,.2024 to 01.01.2023 to
30.09.2024 30.09.2023
(4,913,509) (1 1,895,60i )
4,1,78,244 4,975,734
(5,841,987) (70,824,292)
734,306
(5,842,946)
(7,331.,675) 12,292,650
10,387,988 9,477,274
3,580,1 1 6 | 1,697,857 |
(69,871) (2,324,473)
723,612 4,402,313
(734,306) (490,571)
(380,000)
(141,386) 3,531,742
5,811,987 70,665,319
(e,598,430) (380,000)
(6,805,664) 4,872,424
718,186 (3,047,519)
719,196 (3,047,519)
(9,985,307) 5,957,118
(1.26,822) (10,208,615)
1,643,892 | 2,742,789 |
91.6,1,58 | 3,891,.147 |
52,200 | i7 (lc)4 |
795,839 | 871,109 |
3,408,089 | 7,559,039 |
13,520,218 11,809,536
13,520,219 11,909,536
(10,712,129) (4,251,,497)
I
EML CONSULTANTS PLC+A1:I18 | page 05 | |
NOTES TO THE FINANCIAL STATEMENTS | ||
1 | Uniess othertvise stated specifically, figures in these financial | statements are not auditecl. |
2 | These condensed financlal statements comply with Sri Lanka Accor-rnting Starrclard 34 (LKAS 34). | |
3 Thele have been no changes to the accounting policies adopted compared to the audited financial | ||
statements of 31 December 2023. | ||
4 | There are no materiai contil-rgent liabilities as at 30 September | 2024, other than disclosed below; |
A case has been filed at the Anuladhapr,rra Labour Tribunal against EML by a consultant that was retained | ||
on fee basis fol a specific proiect, however clalming for EPF/ETF (Case No 271Anu1251612020). The case is | ||
only paltly heard and pending for fulther hearing whele the dates have not been fixed yet. In the event | ||
the case is decided against the Companv. |
5 No material events have taken place subsequent to the date of the balance sheet that t'equiredisclose or and acljustments to financial statements
6 Share Information
6.L Market prices recorded during the quarter ended 30.09.2024
l{igl-rest Market price per Shale | Rs. |
3.70 | |
Lorvest Market price per Share | 2.90 |
Last Tladed Market price pel Shale | 3.30 |
6.2 Directors Shareholdings as at 30.09.2024
Name of the Shareholders No.of Shares
Mr.I(^A.K.Jayatilake | 46,360,738 |
Mr.Thilak Hewawasam | 944,445 |
EML CONSULTANTS PLC | Page 06 |
NOTES TO THE FINANCIAL STATEMENTS | |
Top 20 Major Share Holder List as at 30,09,2024 | |
6 Share Information (Cont'd,.,) | |
6.3 Total No of Shares | |
As at 30 September 2024 | 90,900,000 |
6.4 Top 20 Major Share Holder List as at 30.09.2024
Serial Name of Shareholder
1 MR. KALUACHCHIGAMACE AVANTHI KUN,IARA JAYATILAKE
2 MR. KANDE CAMARALALAGE CHANDRAJITH SHALIKA KULATHISSA
3 SAN,{PATH BANK PLC/]VIR. LLEWELLYN ALPHONSUS JOSEPH FIEDELIS MORAIS
4 MR. WICKRAMA ARACHCHI APPUHAN,IILAGE THAMASH MADUSHAN JAYAWICK
5 N,{R. MOHA]4ED THASEEN RAJAB KHAN
6 Mr. TILAK HEWAWASAN4
7 N,{ERCHANT BANK OF SRI LANKA & FINANCE PLC 01 8 N,IR. RENUKA CHAMINDA RAJAPAKSA
9 N4S. MADANASINGHE INIANDIE THANUDARA
10 MERCHANT BANK OF SRI LANKA & FINANCE PLC/P. PRIYANTHA
1'IN{R. SENAWIRATHNA EPARALALAGE CHATHURANGA PRABHATH SENAWIRATH 12 MR. ABEYSIRI HEMAPALA MUNASINGHE
- DICC BANK PLC/K.G. GEEKIYAYANA
- ]VIRS. RA,IAPAKSHA ARACHCHILAGE CHAN4ALI IROSHIKA
- SENKADAGALAFINANCEPLC/S.GOBINATH
- MRS. ACHINi KAVISHA GUNAWARDHANA RATHNAYAKA MUDIYANSELAGE
- 1{R. KALANA GAYAN GEEKIYANA
T8 MR. NANAYAKKARA HIGURUDUWE KANKANANGE CHANDIKA KUN,TARA
19 '{R.KAHAWALAGE SAMAN SANJEEWA KUMARA
20 ,IRS. CNEI SHAHIRA DEEN
No of Shares | o/ |
/o |
46,360,738 51.00q.
7,767303 t.94" o
1,390,835 1.53qo
1,260,298 1.39qo
7,060,042 1.170 0
944,445 1.0490
695,991 0.770,o
601.065 0.660.o
549,736 0.60,'r
5,15,000 0.60qo
490,000 0.54uo
455,000 0.50qo
401,022 0.44'ru
363,851.) 0.40uu
344,339 0.389,
327,557 0.360,o
325,808 0.36eu
320,000 0.35qi,
313,704 0.35uu
310,001 0.34qu
58,820,128 54.720ro