Statement of comprehensive income
EXTERMINATORS PLC | |||||
Consolidated Statement of Comprehensive Income | |||||
For the Period ended 30 September 2024 | |||||
Group | |||||
2024 | 2023 | 2024 | 2023 | ||
Three Months Ended | Six Months Ended | ||||
Jul-Sep | Jul-Sep | Apr-Sep | Apr-Sep | ||
Rs. | Rs. | Rs. | Rs. | ||
Revenue from contracts | 42,238,616 | - | 77,945,024 | - | |
Cost of sales | (12,219,104) | - | (25,404,164) | - | |
Gross profit | 30,019,512 | - | 52,540,860 | - | |
Other income | - | - | - | - | |
Profit before operating expenses | 30,019,512 | - | 52,540,860 | - | |
Administrative expenses | (17,637,070) | - | (32,384,463) | - | |
Distribution expenses | (11,483,672) | - | (20,567,598) | - | |
Other operating expenses | - | - | - | - | |
Profit / (loss) after operating expenses | 898,770 | - | (20,567,598) | - | |
Finance income | 625,427 | - | 1,221,170 | - | |
Finance expenses | (966,795) | - | (1,086,665) | - | |
Profit /(loss) before tax | 557,402 | - | (276,696) | - | |
Tax expenses | - | - | - | - | |
Net profit / (loss) for the year | 557,402 | - | (276,696) | - | |
Other comprehensive income | - | - | - | ||
Total comprehensive income for the year | 557,402 | - | (276,696) | - | |
Earnings per share based on profit / (loss) | 0.01 | - | (0.01) | - |
All figures are provisional and subject to audit, unless otherwise stated
Statement of comprehensive income
EXTERMINATORS PLC | ||||
Statement of Comprehensive Income | ||||
For the Period ended 30 September 2024 | ||||
Company | ||||
2024 | 2023 | 2024 | 2023 | |
Three Months Ended | Six Months Ended | |||
Jul-Sep | Jul-Sep | Apr-Sep | Apr-Sep | |
Rs. | Rs. | Rs. | Rs. | |
Revenue from contracts | 28,183,938 | 38,543,489 | 63,890,346 | 71,174,414 |
Cost of sales | (5,518,969) | (6,226,424) | (18,704,029) | (15,914,018) |
Gross profit | 22,664,969 | 32,317,065 | 45,186,317 | 55,260,396 |
Other income | - | - | - | - |
Profit before operating expenses | 22,664,969 | 32,317,065 | 45,186,317 | 55,260,396 |
Administrative expenses | (12,187,315) | (19,872,604) | (26,934,708) | (31,106,902) |
Distribution expenses | (8,404,170) | (11,514,065) | (17,488,096) | (19,122,422) |
Other operating expenses | - | - | - | - |
Profit / (loss) after operating expenses | 2,073,485 | 930,396 | 763,514 | 5,031,073 |
Finance income | 625,427 | 2,505,390 | 1,221,170 | 3,783,926 |
Finance expenses | (966,795) | (142,040) | (1,086,665) | (291,500) |
Profit /(loss) before tax | 1,732,116 | 3,293,746 | 898,019 | 8,523,499 |
Tax expenses | - | (2,478,492) | - | (2,862,053) |
Net profit / (loss) for the year | 1,732,116 | 815,254 | 898,019 | 5,661,446 |
Other comprehensive income | - | - | - | - |
Total comprehensive income for the year | 1,732,116 | 815,254 | 898,019 | 5,661,446 |
Earnings per share based on profit / (loss) | 0.03 | 0.02 | 0.02 | 0.11 |
All figures are provisional and subject to audit, unless otherwise stated
Statement of financial position
EXTERMINATORS PLC
Statement of Financial Position
As at 30 September 2024 | |||||||
Group | Company | ||||||
30 Sep 2024 | 31 March 2024 | 30 Sep 2024 | 31 March 2024 | ||||
Rs. | Rs. | Rs. | Rs. | ||||
Assets | |||||||
Non - current assets | |||||||
Property, plant & equipment | 6,323,543 | - | 6,323,543 | 7,508,128 | |||
Right-of-use assets | 22,730,083 | - | 22,730,083 | 17,425,426 | |||
Intangible assets | 569,099 | - | 569,099 | 646,364 | |||
Investment in Subsidiaries | - | - | 100,000 | - | |||
Total | 29,622,725 | - | 29,722,725 | 25,579,919 | |||
Current assets | |||||||
Financial asset at fair value through profit or loss | 21,300 | - | 21,300 | 21,300 | |||
Inventories | 18,355,635 | - | 18,355,635 | 24,963,182 | |||
Receivables, deposits & prepayments | 71,323,891 | - | 73,015,202 | 56,842,604 | |||
Amounts due from related parties | 29,685,488 | - | 29,685,488 | 31,079,162 | |||
Cash & cash equivalents | 3,926,409 | - | 3,309,812 | 7,457,216 | |||
Total | 123,312,723 | - | 124,387,437 | 120,363,464 | |||
Total Assets | 152,935,447 | - | 154,110,162 | 145,943,382 | |||
Equity & Liabilities | |||||||
Capital & reserves | |||||||
Stated capital | 100,000,000 | - | 100,000,000 | 100,000,000 | |||
Retained earnings | 2,053,339 | - | 3,228,053 | 2,330,034 | |||
Revaluation reserve | 23,783,840 | - | 23,783,840 | 23,783,840 | |||
Total equity | 125,837,179 | - | 127,011,893 | 126,113,874 | |||
Non - current liabilities | |||||||
Retirement benefit obligation | 3,084,332 | - | 3,084,332 | 3,483,282 | |||
Lease creditors repayable after one year | 9,590,124 | - | 9,590,124 | 1,569,953 | |||
Deferred tax liabilities | (407,501) | - | (407,501) | (407,501) | |||
Total | 12,266,955 | - | 12,266,955 | 4,645,735 | |||
Current liabilities | |||||||
Lease creditors repayable within one year | 2,585,868 | - | 2,585,868 | 6,799,790 | |||
Trade & other payables | 9,575,804 | - | 9,575,804 | 8,022,723 | |||
Commissioner General of Inland Revenue | 2,669,642 | - | 2,669,642 | 361,260 | |||
Total | 14,831,314 | - | 14,831,314 | 15,183,773 | |||
Total Equity & Liabilities | 152,935,447 | - | 154,110,162 | 145,943,382 | |||
Net assets per share | 2.38 | - | 2.40 | 2.39 |
I certify that these Financial Statements are in compliance with the requirements of the Companies Act No. 7 of 2007.
Mr.Marlon Ferreira | Mr. Don Nihal Attygalle |
Managing Director | Director |
All figures are provisional and subject to audit, unless otherwise stated
Statement of changes of equity
EXTERMINATORS PLC | ||||||
Statement of Changes in Equity | ||||||
For the Period ended 30 September 2024 | ||||||
Group | Stated capital | Revaluation Reserve | Retained Earnings | Total Equity | ||
Balance as at 01 | st | April 2023 | - | - | - | - |
Net loss for the year | - | - | - | - | ||
Dividends paid | - | - | - | - | ||
Other comprehensive income | - | - | - | - | ||
Reversal of revaluation reserve | - | - | - | - | ||
Balance as at 30th September 2023 | - | - | - | - | ||
Balance as at 01st April 2024 | 100,000,000 | 23,783,840 | 2,330,034 | 126,113,874 | ||
Net profit for the year | - | - | (276,696) | (276,696) | ||
Share Issue | - | - | - | - | ||
Balance as at 30th September 2024 | 100,000,000 | 23,783,840 | 2,053,339 | 125,837,179 | ||
Company | Stated capital | Revaluation Reserve | Retained Earnings | Total Equity | ||
Balance as at 01 | st | April 2023 | 100,000,000 | 23,783,840 | 33,624,557 | 157,408,397 |
Net loss for the year | - | - | 5,661,446 | 5,661,446 | ||
Dividends paid | - | - | (21,140,984) | (21,140,984) | ||
Other comprehensive income | - | - | - | - | ||
Prior Year Adjustment | - | - | - | - | ||
Balance as at 30th September 2023 | 100,000,000 | 23,783,840 | 17,885,019 | 141,928,859 | ||
Balance as at 01st April 2024 | 100,000,000 | 23,783,840 | 2,330,035 | 126,113,875 | ||
Net profit for the year | - | - | 898,019 | 898,019 | ||
Dividends | - | - | - | - | ||
Balance as at 30th September 2024 | 100,000,000 | 23,783,840 | 3,228,054 | 127,011,894 |
All figures are provisional and subject to audit, unless otherwise stated.
Statement of cash flows
EXTERMINATORS PLC | ||||
Statement of Cash Flow | ||||
For the Period ended 30 September 2024 | ||||
Group | Company | |||
30 Sep 2024 | 30 Sep 2023 | 30 Sep 2024 | 30 Sep 2023 | |
Rs. | Rs. | Rs. | Rs. | |
Cash Flows from operating activities | ||||
Net profit / (loss) before taxation | (276,696) | - | 898,019 | 5,661,446 |
Adjustments for: | ||||
Gratuity | - | - | - | 1,369,063 |
Depreciation | 1,776,442 | - | 1,776,442 | 2,050,770 |
Amortization | - | - | - | 21,437 |
Loan interest | 966,795 | - | 966,795 | 26,179 |
Lease interest | - | - | - | 255,487 |
Gain on disposal of vehicles | - | - | - | - |
Loss on disposal of motor vehicles | - | - | - | - |
Staff bike donations | - | - | - | - |
Fair value adjustments | - | - | - | (2,300) |
Operating profit before working capital changes | 2,466,542 | - | 3,641,256 | 6,589,435 |
Working capital changes | ||||
(Increase)/decrease in inventories | 6,607,546 | - | 6,607,546 | (5,511,674) |
Increase / (decrease) in receivables, deposits & prepayments | (14,404,022) | - | (16,195,334) | 11,566,675 |
(Increase) /decrease in amounts due from related parties | 1,393,674 | - | 1,393,674 | 11,339,655 |
Increase / (decrease) in trade & other payables | 3,861,463 | - | 3,861,463 | 2,399,705 |
Cash generated from / (used in) operations | (74,798) | - | (691,395) | 26,176,444 |
Income tax paid | - | - | - | (3,245,614) |
Gratuity paid | (398,950) | - | (398,950) | (3,134,917) |
Net cash flow from / (used in) operating activities | (473,748) | - | (1,090,345) | 22,795,913 |
Cash flows from / (used in) investing activities | ||||
Acquisition of property, plant & equipment | (5,896,514) | - | (5,896,514) | (3,605,496) |
Acquisition of intangible assets | - | - | - | - |
Proceeds from disposal of property, plant & equipment | - | - | - | - |
Net cash (used in)/generated from investing activities | (5,896,514) | - | (5,896,514) | (3,605,496) |
Cash flows from / (used in) financing activities | ||||
Lease Obtained | - | - | - | 1,406,895 |
Lease rentals paid | - | - | - | (1,782,897) |
Loan interest | (966,795) | - | (966,795) | (26,179) |
Loan Obtained | 3,806,249 | - | 3,806,249 | - |
Dividends paid | - | - | - | (21,140,984) |
Net cash generated from/(used in) financing activities | 2,839,454 | - | 2,839,454 | (21,543,165) |
Net increase / (decrease) in cash & cash equivalents | (3,530,808) | - | (4,147,405) | (2,352,748) |
Cash & cash equivalents at the beginning of the year | 7,457,217 | - | 7,457,217 | 24,759,763 |
Cash & cash equivalents at the end of the year | 3,926,409 | - | 3,309,812 | 22,407,015 |
All figures are provisional and subject to audit, unless otherwise stated.
Notes to the interim financial statements
1. General
The Exterminators (Private) Limited ("Company") incorporated as a private limited liability company on 24 of May 2004, in terms of Companies Act No. 17 of 1982 and re-registration on 11 of June 2010, in terms of Companies Act No. 07 of 2007. The Company has changed its status to a Limited Liability Company on 23 of November 2021, in terms of Companies Act No. 07 of 2007 and changed the company name as Exterminators Limited. The Company resolved to change the status of the company from Limited to PLC with effect from 30 March 2022,
The registered office of the Company and principal place of business is located at No: 02, Ascot Avenue, Colombo 05.
The Company has carried out an Initial Public Offer (IPO) of 10,000,000 Ordinary voting Shares at an offer Price of LKR 6.00 per share, successfully raising LKR 60 million and listed in Colombo Stock Exchange on 30th March 2022.
2. Principal Activities and Nature of Operations
During the year, the principal activities of the Company were providing pest management, termite management, mosquito management, sanitation and disinfection services.The company is distributed locally manufactured products and international brands.
3. Basis of Preparation
These condensed Interim Financial Statements of Exterminators PLC and the group are for the period ended 30 September 2024. They have been prepared in accordance with LKAS 34, Interim Financial Reporting, these Interim Financial Statements have been prepared in accordance with these SLFRS and IFRIC interpretation issued and effective as at the time and Companies Act No.07 of 2007. Provides the information required by the Colombo Stock Exchange.
4. Accounting Policies
The accounting policies and methods of computation adopted are consistent with those of the previous financial year as reported in the annual financial statements for the three months period ended 30 September 2024.
5. Significant changes
The company has acquired the 100 number of shares of Exterminator International (Private) Limited on 01st July 2024. (Per share value was Rs.1,000.00)
Shareholders information
Directors' shareholding
Name of the Director | 30.09.2024 | % | 31.03.2024 | % | 31.03.2023 | % |
Marlon Ferreira | 36,277,850 | 68.64% | 36,277,850 | 68.64% | 36,200,000 | 68.49% |
Suhaniya Pelpola | 6,383,972 | 12.08% | 6,500,000 | 12.30% | 6,483,029 | 12.27% |
Nihal Attygalle | 8,610 | 0.02% | 8,610 | 0.02% | 8,626 | 0.02% |
Public shareholding
Issued share Capital as at 30th September 2024
Less :
Directors Shareholding
Spouses & Children under 18 of Directors
Public Holding
Public Holding as a % of Issued Share Capital
Float Adjusted Market Capitalization
Total No. of Shareholders representing the Public Holding as at 30.09.2024
52,852,459.00
42,670,432.00
10,182,027
19.27%
77,153,397.00
606
Names and the number of shares held by the largest 20 shareholders as of 30.09.2024
Name of the shareholders | No of shares | % | ||||||
1 | MR. D.M. FERREIRA | 36,277,850 | 68.64% | |||||
2 | MS. G.S. PELPOLA | 6,383,972 | 12.08% | |||||
3 | J.B. COCOSHELL (PVT) LTD | 2,476,568 | 4.69% | |||||
4 | MR. T.L.P. GUNAWARDENE | 1,302,281 | 2.46% | |||||
5 | DFCC BANK PLC/L.C.A. LANKESHWARA | 1,009,700 | 1.91% | |||||
6 | MR. T.W. FERREIRA | 806,259 | 1.53% | |||||
7 | MR. F.N. HERFT | 634,103 | 1.20% | |||||
8 | COLOMBO MACHINERY & EQUIPMENT (PVT) LIMITED | 567,993 | 1.07% | |||||
9 | BANK OF CEYLON A/C CEYBANK UNIT TRUST | 333,769 | 0.63% | |||||
10 | MR. W.U.I. DANANSURIYA | 298,456 | 0.56% | |||||
11 | MR. W.W.D.D.S. PERERA | 234,005 | 0.44% | |||||
12 | BANK OF CEYLON A/C CEYBANK CENTURY GROWTH FUND | 166,884 | 0.32% | |||||
13 | COCOSHELL ACTIVATED CARBON COMPANY (PRIVATE) LIMITED | 116,275 | 0.22% | |||||
14 | T R L HOLDINGS (PVT) LIMITED | 110,500 | 0.21% | |||||
15 | MR. M.M. MUHAMED MUFARRATH | 100,000 | 0.19% | |||||
16 | MISS. M.C.N.H. DE SILVA | 76,619 | 0.14% | |||||
17 | MRS. G. SOYSA | 70,203 | 0.13% | |||||
18 | MR. A.W.M.T.C. SOORIYAMPOLA | 56,398 | 0.11% | |||||
19 | MR. K.M.L.C. BANDARA | 56,268 | 0.11% | |||||
20 | MR. E.A.S. BANDU KUMARA | 56,110 | 0.11% | |||||
Total -Top 20 | 51,134,213 | 96.75% | ||||||
Other shareholders | 1,718,246 | 3.25% | ||||||
Total | 52,852,459 | 100.00% |
Stated capital
30.09.2024 . | 31.03.2024 | 31.03.2023 | |
(No of shares) | (LKR) | (No of shares) | |
Ordinary Shares | 52,852,459 | 100,000,000 | 52,852,459 |
Total | 52,852,459 | 100,000,000 | 52,852,459 |
Earnings per share
Earnings per share has been calculated, for all periods, based on the number of shares in issue as of 30.09.2024
30.09.2024 | |||||
Net profit attributable to shareholders | 1,732,116 | ||||
Weighted average number of Shares | 52,852,459 | ||||
Earnings per share | 0.03 | ||||
31.03.2024
7,099,394
52,852,459
0.17
The calculation of the earnings per share is based on the profit for the three-month period ended 30th September 2024 attributable to ordinary shareholders divided by the weighted average number of ordinary shares outstanding during the three- month period ended 30th September 2024 as given above, as per the requirements of the Sri Lanka Accounting Standard (LKAS
- - "Earnings per Share"
Market price per share | |||
30 September 2024 | Change | 30 September 2023 | |
Highest price | 7.00 | -17% | 8.40 |
Lowest price | 7.00 | -11% | 7.90 |
Last traded | 7.00 | -17% | 8.40 |
EVENTS OCCURRING AFTER THE REPORTING DATE
There were no significant events after the reporting period that require adjustments to or disclosures in the financial statements.
Contingent Liabilities
There were no material contingent liabilities as of 30.09.2024
Capital Expenditure Commitments
There were no material capital expenditure commitments as of 30.09.2024
Corporate Information
Company Name | Exterminators PLC | ||||
Legal Form | A Public Limited Liability Company, listed on the Colombo Stock Exchange on | ||||
30th March 2022. | |||||
Company registration | PB 00248739 | ||||
02, Ascot Avenue, Colombo-05. | |||||
Head office | Tel 0117 760 760/1, 0115 760 760, 0767 760 760 | ||||
hello@exterminators.lk | |||||
www.pestcontrol.lkwww.exterminators.lk | |||||
Kandy | 20, Mulgampola Road, Kandy | ||||
Tel 0817 760 760/1 kandy@exterminators.lk | |||||
Dambulla | 289/2, Trincomalee Road, Dambulla | ||||
Tel 0667 760 760/1 dambulla@exterminators.lk | |||||
Galle | Rilamba, Galle Road, Rathgama, Galle | ||||
Tel 0917 760 760galle@exterminators.lk | |||||
Malabe | 29/D/10, Pittugala, Malabe | ||||
Chairman | |||||
Dr. Kishu Gomes | |||||
Managing Director | |||||
Board of Directors | Denham Marlon Ferreira | ||||
Directors | |||||
Dr. Nihal Arttygalle | |||||
Ajith Kumara | |||||
Jacob Laubscher | |||||
G S Pelpola | |||||
R & J Corporate Secretaries (Private) Limited | |||||
Company Secretary | 109/10 A, Gothami Road, Colombo 08. | ||||
Tel: 0114 335 938 | |||||
Jayasingha & Company | |||||
Auditors | Chartered Accountants | ||||
94/12, 2nd Lane, | |||||
Kirulapone Avenue, Colombo-05 | |||||
Commercial Bank of Ceylon PLC | |||||
Bankers | Hatton National Bank PLC | ||||
Seylan Bank PLC |