EML Consultants PLC
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31.03.2025
No:6/10,
Rajamahavihara Road, Pitakotte
EML CONSULTANTS PLC
FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31.03.2025
Contents
Comprehensive Income Statement
Statement of Financial Position
Statement of Changes in Equity
Statement of Cash Flows
Notes to the Financial Statements
Page
1
2
3
4
5 & 6
EML CONSULTANTS PLC
STATEMENT OF COMPREHENSIVE INCOME
'age 01
Q ar e ended 3 March
01.01.2025 to 31.03.2025 | 01.01.2024 to 31.03.2024 | |
Revenue | 27,283,566 | 21,311,648 |
Direct Cost | (16,385,592) | (16,497,598) |
Gross Profit | 10,897,974 | 4,814,050 |
Other Loss | (63,820) | (1,068,211) |
Administrative Expenses | (13,316,565) | (11,671,644) |
Operating Loss | (2,482,411) | (7,925,805) |
Finance Income | 1,338,604 | 1,654,716 |
Finance Income - net | 1,338,604 | 1,654,716 |
Loss Before Tax | (1,143,807) | (6,271,089) |
Income Tax | ||
Loss For The Year | (1,143,807) | (6,271,089) |
Basic Loss per Share | (0.01) | (0.07) |
EML CONSULTANTS PLC
STATEMENT OF FINANCIAL POSITION
Unaudited As at
Page 02
Unaudited As at
31.Q3.2025 31.12.2024
Assets
Non-Current Assets
Rs.
Rs.
Property, Plant anal Equipment
102,294,099 102,803,677
Total Non-Current Assets
Current Assets
Trade and Other Receivables Income Tax Recoverable Financial Assets
Amount due from Related Party
102,294,099
12,984,172
2,051,146
117,173,078
15,245,688
102,803,677
39,737,653
2,030,820
I 17,173,078
14,999,101
Cash and Cash Equivalents Total Current Assets
25,192,797 6,893,355
172,646,881 180,834,007
Total Assets
EQUITY AND LIABILITIES
Capital and Reserves Stated Capital Revaluation Reserve
274,940,980
90,900,000
41,208,327
283,637,684
90,900,000
41,208,327
Retained Earnings 61,574,145 62,717,952
Total Shareholder's Funds
Non-Current Liabilities Loans and Borrowings Retirement Benefit Obligations
193,682,472
400,692
9,269,212
194,826,279
417,033
9,269,212
Deferred Income Tax Liabilities 21,041,114 21,041,114
Total Non-Current LiabilitiesCurrent Liabilities Loans and Borrowings
Trade and Other Payables
30,711,018
10,783,396
37,866,742
30,727,359
20,870,921
35,296,189
Amount due to Related Party Total Current Liabilities
Total Liabilities
1,897,352 1,916,936
50,547,490 58,084,046
81,258,508 88,811,405
Total Equity and Liabilities Net Assets per Share - In LKR
274,940,980
2.13
283,637,684
2.14
The Financial Statements are in compliance with the requirements of the Companies Act No. 07 of 2007.
Head of -inance
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.
Director
Date : 07.05.2025
EML CONSULTANTS PLC STATEMENT OF CHANGES IN EQUITY | Page 03 | ||||||
Stated Capital | Revaluation Reserve | Retained Earnings | Total | ||||
Rs. | Rs. | Rs. | Rs. | ||||
Balance as at 1 January 2024 | 90,900,000 | 58,869,038 | 70,547,774 | 220,316,812 | |||
Total Comprehensive Income For The Period (Three Months) | (6,271,089) | (6,271,089) | |||||
Unaudited Balance as at 31 March 2024 | 90,900,000 | 58,869,038 | 64,276,685 | 214,045,723 | |||
Unaudited Balance as at 1 January 2025 | 90,900,000 | 41,20B,327 | 62,717,952 | 194,826,279 | |||
Total Comprehensive Loss For The Period (Three Months) | (1,143,807) | (1,143,807) |
EML CONSULTANTS PLC STATEMENT OF CASHFLOW | Page 04 | |
01.01.2025 to | 01.01.2024 to | |
31.03.2025 | 31.03.2024 | |
Cash Flows From Operating Activities | ||
Loss before tax | (1,143,807) | (6,271,089) |
Adjustments for: | ||
Depreciation | 1,308,556 | 2,093,822 |
Interest income | (1,451,439) | (1,863,821) |
Interest expense | 101,920 | 257,682 |
Provision for Retirement Benefit Obligation | ||
Operating Loss Before Working Capital Changes | (1,184,770) | (5,783,406) |
Changes in working capital: | ||
- (Increase) / Decrease in Trade and Other Receivable | 26,753,481 | 6,919,746 |
- (Increase) / Decrease in Amounts Due From Related Party | 246,587 | (2,114,240) |
- Increase / (Decrease) in Trade and Other Payables | 2,570,553 | 597,011 |
- Increase / (Decrease) in Amounts Due To Related Party | (19,584) | 3,125,973 |
Cash Generated From / (Used In) Operations | 28,366,267 | 2,745,084 |
Interest Paid | (101,920} | (257,682) |
Income Tax Paid | (20,326) | (220,539) |
Net Generated From / (Used In) Operating Activities | 28,244,021 | 2,266,863 |
Cash Flows From Investing Activities | ||
Interest Received | 1,451,439 | 1,863,821 |
Purchase of Property, Plant and Equipment | (798,978) | |
Proceed from Financial Assets | (3,424,715) | (6,859,180) |
Net Cash (Used In) / Generated From Investing Activities | (2,772,254) | (4,995,3591 |
Cash Flows From Financing Activities | ||
Proceeds from Loans and Borrowings | 738,t37 | (539,925) |
Net Cash Used In Financing Activities | 738,137 | (539,925) |
Net (Decrease) / Increase in Cash and Cash Equivalents | 26,209,904 | (3,268,421) |
Cash and Cash Equivalents at the Beginning of the Year | (11,800,503) | (126,822) |
Cash and Cash Equivalents at the End of the Year | 14,409,401 | (3,395,243) |
Cash and ash e ui ale ts | ||
Fee ourahle Cesh Cash Eqiiirnfent Balances | ||
Foreign Saving Accounts | 8,S49,981 | 4,598,445 |
Local Saving Accounts | 15,988,816 | 2,084,946 |
Local Current Accounts | 29,000 | 30,000 |
Petty Cash | 225,000 | 179,964 |
Total Favourable Cash & Cash Equivalent | 25,192,797 | 6,893,355 |
Lfnfavourable Cash Cesh Equivalent Be Iances | ||
Local Current Accounts | 10,783,396 | 10,288,598 |
Total Unfavourable Cash & Cash Equivalent | 10,783,396 | 10,288,598 |
Total Cash anJ Cash Eqttirafent /or the Purpose of !Statement of Cash Flows | 14,409,401 | (3,395,243) |
EML CONSULTANTS PLC
NOTES TO THE FINANCIAL STATEMENTS
Unless otherwise stated specifically, figures in these financial statements are not audited.
These condensed financial statements comply with Sri Lanka Accounting Standard 34 (LKAS 34).
There have been no changes to the accounting {policies adopted compared to the unaudited financial statements of 31 December 2024.
Page 05
There are no material contingent liabilities as at 31 March 2025, other than disclosed below;
A case has been filed at the Anuradhapura Labour Tribunal against EML by a consultant that was retained on fee basis for a specific project, however claiming for EPF/ETF (Case No 27/Anu/2546/2020). The case is only partly heard and pending for further hearing where the dates have not been fixed vet. In the event the case is decided against the Company.
No material events have taken place subsequent to the date of the balance sheet that require disclose or and adjustments to financial statements.
Share Information
Market prices recorded during the quarter ended 31.03.2025
Rs.
Highest Market price per Share | 4.50 | |
Lowest Market price per Share | 3.50 | |
Last Traded Market price per Share | 3.70 | |
6.2 | Directors Shareholdings as at 31.03.2025 | |
Name of the Shareholders | No.of Shares | |
Mr.K.A.K.Jayatilake | 46,360,738 | |
Mr.Thi1ak Hewawasam | 944,445 |
EML CONSULTANTS PLC
NOTES TO THE FINANCIAL STATEMENTS
Top 20 major Share Holder List as at 31.03.2025
6 Share Information (Cont'd. ..)
Page 06
6.3 Total No of Shares
As at 31 March 2025 90,900,000
6.4 | Top 20 Major Share Holder List as at 31.03.2025 | |||
Serial | Name of Shareholder | No of Shares | % | |
MR. KALUACHCHIGAMAGE AVANTHI KUMARA JAYATILAKE | 46,360,738 | 51.00% | ||
2 | MR. KANDE GAMARALALAGE CHANDRAJITH SHALIKA KULATHISSA | 1,761,303 | 1.94% | |
3 | SAMPATH BANK PLC/MR. LLEWELLYN ALPHONSUS JOSEPH FIEDELIS MORAIS | 1,572,435 | 1.73% | |
4 | MR. WICKRAMA ARACHCHI APPUHAMILAGE THAMASH MADUSHAN JAYAWICKRAMA | 1,412,813 | 1.55% | |
5 | MR. MOHAMED THASEEN RAJAB KHAN | 1,060,042 | 1.17% | |
6 | MERCHANT BANK OF SRI LANKA & FINANCE PLC 01 | 975,000 | 1.07% | |
7 | Mr. TILAK HEWAWASAM | 944,445 | 1.04% | |
8 | SENKADAGALA FINANCE PLC/S.GOBINATH | 800,000 | 0.88% | |
9 | MW. DARANAKUMBURALAGE SHALIKA RANGAJITH DARANAKUMBURA | 566,187 | 0.62% | |
10 | MS. MADANASINGHE IMANDIE THANUDARA | 549,136 | 0.60% | |
11 | MR. MUTUTHANTRIGE ISURU VISHWANATHA FERNANDO | 535,500 | 0.59% | |
12 | MERCHANT BANK OF SRI LANKA & FINANCE PLC/P. PRIYANTHA | 520,000 | 0.57% | |
13 | MR. ABEYSIRI HEMAPALA MUNASINGHE | 455,000 | 0.50% | |
14 | DFCC BANK PLC/K. G. GEEKIYAYANA | 401,022 | 0.44% | |
15 | MR. ANGODAGE UPUL SAMAN PRIYANTHA PERERA | 400,000 | 0.44% | |
16 | MR. SENAWIRATHNA EPARALALAGE CHATHURANGA PRABHATH SENAWIRATHNA | 390,000 | 0.43% | |
17 | MRS. RAJAPAKSHA ARACHCHILAGE CHAMALI IROSHIKA | 363,850 | 0.40% | |
18 | MR. VASANTHARUBAN KUGATHARSAN | 350,000 | 0.39% | |
19 | MR. KANDE GAMARALALAGE GAMINI KULATHISSA | 335,516 | 0.37% | |
20 MR. ELABODA KANKANAMGE NIMAL PREMARATNE / MRS. T.A.L. PERERA 331,733 0.36% | ||||
60,084,720 | 66.09% | |||