First Capital Holdings PLC
PROVISIONAL FINANCIAL STATEMENTS
Quarter ended 30 June 2024
REVIEW OF OPERATIONS
First Capital Holdings PLC (the Group) recorded a Profit after Tax of Rs. 582Mn for the quarter ended 30 June 2024 compared to Rs. 2.8Bn in the corresponding period of the previous year. Fixed income securities market was not conducive during the period under review amidst the delay in the IMF Board approval for 3rd tranche coupled with the delay in the debt restructuring negotiations. On the contrary, we experienced a considerable decline in interest rates in the corresponding period of the previous year (2023/24) in response to substantial easing of monetary policy rates by the Central Bank of Sri Lanka.
The Primary Dealer division reported a Profit after Tax of Rs. 464Mn for the quarter ended 30 June 2024 (2023/24 - Profit after Tax of Rs. 2.73Bn).
The Results include a trading gain on sale of government securities portfolio amounting to Rs. 1.19Bn and net interest income of Rs. 387Mn (2023/24 - trading gain on sale of government securities portfolio of Rs. 2.1Bn and net interest income of Rs. 1.1Bn were included).
The Corporate Finance Advisory and Corporate Dealing Securities division reported a Profit after Tax of Rs. 73Mn for the quarter ended 30 June 2024 (2023/24 - Profit after Tax of Rs. 77Mn).
The Wealth Management division reported a Profit after Tax of Rs. 29Mn for the quarter ended 30 June 2024 (2023/24 - Loss after Tax of Rs. 0.8Mn). The assets under management of the division stood at Rs. 100Bn as of 30 June 2024 (31 March 2024 - Rs. 94Bn).
The Stock Brokering division recorded a Profit after Tax of Rs. 15Mn for the quarter ended 30 June 2024 (2023/24 - Profit after tax of Rs. 2Mn).
(Sgd.)
Dilshan Wirasekara
Managing Director/ CEO
Provisional Financial Statements | FIRST CAPITAL HOLDINGS PLC |
Quarter ended 30 June 2024 | 1 |
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
Group | Company | |||||||
For the period | Notes | April ~ June | April ~ June | |||||
2024 | 2023 | 2024 | 2023 | |||||
(Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | |||||
Income | 3,760,327 | 6,183,724 | 279,371 | 777,887 | ||||
Direct income | 3,752,139 | 6,183,079 | 279,328 | 777,887 | ||||
Direct expenses | (1,835,149) | (2,718,085) | (267,997) | (641,498) | ||||
Net trading income | 1,916,990 | 3,464,994 | 11,331 | 136,389 | ||||
Other income | 8,188 | 645 | 43 | - | ||||
Gain/ (Loss) on fair valuation of financial assets recognised through profit or | (789,551) | 1,515,607 | (5,503) | 29,161 | ||||
loss measured at fair value | ||||||||
1,135,627 | 4,981,246 | 5,871 | 165,550 | |||||
Operating expenses | ||||||||
Administrative expenses | (282,566) | (659,631) | (41,932) | (37,975) | ||||
Sales and distribution expenses | (1,204) | (14,338) | 5,796 | (1,223) | ||||
Other operating expenses | (45,711) | (212,662) | (1,085) | (23,514) | ||||
Reversal for impairment of financial assets at amortised cost | 21,842 | 13,277 | 8,302 | 23,113 | ||||
(307,639) | (873,354) | (28,919) | (39,599) | |||||
Operating profit/ (loss) | 827,988 | 4,107,892 | (23,048) | 125,951 | ||||
Share of profit from equity accounted investee (net of tax) | - | - | 553,646 | 2,438,919 | ||||
Profit before tax | 827,988 | 4,107,892 | 530,598 | 2,564,870 | ||||
Income tax (expense) / reversal | 1 | (246,135) | (1,299,673) | 1,501 | (47,345) | |||
Profit for the period | 581,853 | 2,808,219 | 532,099 | 2,517,525 | ||||
Other comprehensive income | ||||||||
Items that will never be reclassified to profit or loss | ||||||||
Gain on financial assets fair value through other comprehensive income | 6,597 | - | - | - | ||||
Share of other comprehensive income from equity accounted investee | - | - | 6,597 | - | ||||
Other comprehensive income for the period | 6,597 | - | 6,597 | - | ||||
Total comprehensive income for the period | 588,450 | 2,808,219 | 538,696 | 2,517,525 | ||||
Profit attributable to: | ||||||||
Equity holders of the parent | 532,099 | 2,517,525 | 532,099 | 2,517,525 | ||||
Non - controlling interest | 49,754 | 290,694 | - | - | ||||
581,853 | 2,808,219 | 532,099 | 2,517,525 | |||||
Total comprehensive income attributable to: | ||||||||
Equity holders of the parent | 538,696 | 2,517,525 | 538,696 | 2,517,525 | ||||
Non - controlling interest | 49,754 | 290,694 | - | - | ||||
588,450 | 2,808,219 | 538,696 | 2,517,525 | |||||
Basic earnings per share (Rs.) | 2 | 1.31 | 6.22 | 1.31 | 6.22 | |||
Figures in bracket indicate deductions. | ||||||||
Note: All values are in Rupees '000 unless otherwise stated. | ||||||||
Provisional Financial Statements | FIRST CAPITAL HOLDINGS PLC | |||||||
Quarter ended 30 June 2024 | 2 1 |
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
Group | Company | ||||
As at | 30 June | 31 March | 30 June | 31 March | |
2024 | 2024 | 2024 | 2024 | ||
(Unaudited) | (Audited) | (Unaudited) | (Audited) | ||
ASSETS | |||||
Cash at banks and in hand | 132,789 | 178,382 | 58,424 | 76,453 | |
Derivative financial instruments | 111,718 | 51,933 | - | - | |
Financial assets recognised through profit or loss -measured at fair value | 70,496,014 | 62,529,964 | 2,826,271 | 4,199,601 | |
Financial assets - fair value through other comprehensive income | 65,233 | 83,350 | 7,500 | 5,000 | |
Financial assets at amortised cost | 18,867,897 | 11,170,905 | 6,435,457 | 6,658,126 | |
Amounts due from related companies | 15,057 | - | 18,848 | 49,896 | |
Trade and other receivables | 1,007,616 | 3,686,573 | 23,036 | 2,045,044 | |
Non - current assets held for sale | 42,416 | 42,416 | - | - | |
Taxes receivable | 161,203 | 133,206 | 57,146 | 46,029 | |
Investment in subsidiary | - | - | 7,559,069 | 6,998,827 | |
Deferred tax asset | 133,847 | 151,457 | 10,717 | 9,216 | |
Property, plant and equipment and right of use assets | 511,946 | 518,957 | 25,056 | 27,151 | |
Intangible assets | 123,769 | 123,441 | 3,776 | 4,228 | |
TOTAL ASSETS | 91,669,505 | 78,670,584 | 17,025,300 | 20,119,571 | |
LIABILITIES | |||||
Bank overdrafts | 1,124,755 | 1,533,643 | 783,163 | 1,280,713 | |
Derivative financial instruments | 25,167 | 71,742 | - | - | |
Securities sold under re-purchase agreements | 69,881,622 | 50,051,368 | - | - | |
Short term borrowings | 4,962,603 | 5,488,529 | 4,968,561 | 5,646,043 | |
Amounts due to related companies | 20,110 | 2,375 | 18,162 | 13,579 | |
Trade and other payables | 1,015,688 | 6,069,759 | 95,567 | 2,410,319 | |
Deferred tax liability | 13,723 | 17,503 | - | - | |
Taxes payable | 1,756,724 | 3,033,571 | - | - | |
Long term borrowings | 1,401,206 | 1,602,001 | 1,401,206 | 1,602,001 | |
Retirement benefit obligations | 88,917 | 84,466 | 20,284 | 19,365 | |
Borrowings on debentures | 2,850,061 | 2,775,148 | 2,080,663 | 2,028,553 | |
TOTAL LIABILITIES | 83,140,576 | 70,730,105 | 9,367,606 | 13,000,573 | |
EQUITY | |||||
Stated capital | 227,500 | 227,500 | 227,500 | 227,500 | |
Risk reserve | 2,534,358 | 2,492,889 | 2,534,358 | 2,492,889 | |
Retained earnings | 4,924,407 | 4,436,368 | 4,924,407 | 4,436,368 | |
Fair valuation reserve | (28,571) | (37,759) | (28,571) | (37,759) | |
Equity attributable to the equity holders of the parent | 7,657,694 | 7,118,998 | 7,657,694 | 7,118,998 | |
Non- controlling interest | 871,235 | 821,481 | - | - | |
TOTAL EQUITY | 8,528,929 | 7,940,479 | 7,657,694 | 7,118,998 | |
TOTAL EQUITY AND LIABILITIES | 91,669,505 | 78,670,584 | 17,025,300 | 20,119,571 | |
Net asset per share (Rs.) | 18.91 | 17.58 | 18.91 | 17.58 | |
Note: All values are in Rupees '000 unless otherwise stated. | |||||
These consolidated financial statements are in compliance with the requirements of the Companies Act No. 07 of 2007. | |||||
- | 0 | - | |||
Mangala Jayashantha | |||||
Chief Financial Officer | |||||
The Board of Directors is responsible for the preparation and presentation of these consolidated financial statements. | |||||
Dilshan Wirasekara | Manjula Mathews | ||||
Managing Director/CEO | Deputy Chairperson |
12 August 2024
Colombo.
Provisional Financial Statements | FIRST CAPITAL HOLDINGS PLC |
Quarter ended 30 June 2024 | 3 2 |
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
For the period ended 30 June 2024 | Attributable to equity holders of the parent | Non- | Total | ||||
Stated | Risk | Retained | Fair Valuation | Total | controlling | Equity | |
Capital | Reserve | Earnings | Reserve | Interest | |||
Group | |||||||
Balance as at 1 April 2023 (Audited) | 227,500 | 1,497,150 | 4,586,330 | (215,818) | 6,095,162 | 585,671 | 6,680,833 |
Total comprehensive income for the period | |||||||
Profit for the period | - | - | 2,517,525 | - | 2,517,525 | 290,694 | 2,808,219 |
Other comprehensive income | - | - | - | - | - | - | - |
Total comprehensive income | - | - | 2,517,525 | - | 2,517,525 | 290,694 | 2,808,219 |
Transactions with equity holders | - | - | - | - | - | - | - |
Dividend paid (Interim 2022/23) | (911,250) | (911,250) | - | (911,250) | |||
Total transactions with equity holders | - | - | (911,250) | - | (911,250) | - | (911,250) |
Transfers to risk reserve | - | 244,122 | (244,122) | - | - | - | - |
Balance as at 30 June 2023 (Unaudited) | 227,500 | 1,741,272 | 5,948,483 | (215,818) | 7,701,437 | 876,365 | 8,577,802 |
Balance as at 1 April 2024 (Audited) | 227,500 | 2,492,889 | 4,436,368 | (37,759) | 7,118,998 | 821,481 | 7,940,479 |
Total comprehensive income for the period | |||||||
Profit for the period | - | - | 532,099 | - | 532,099 | 49,754 | 581,853 |
Other comprehensive income | - | - | 6,597 | 6,597 | - | 6,597 | |
Total comprehensive income | - | - | 532,099 | 6,597 | 538,696 | 49,754 | 588,450 |
Transactions with equity holders | |||||||
Loss on Sale of Financial Assets FVTOCI | (2,591) | 2,591 | - | ||||
Total transactions with equity holders | - | - | (2,591) | 2,591 | - | - | - |
Transfers to risk reserve | - | 41,469 | (41,469) | - | - | - | - |
Balance as at 30 June 2024 (Unaudited) | 227,500 | 2,534,358 | 4,924,407 | (28,571) | 7,657,694 | 871,235 | 8,528,929 |
* Non controlling interest | |||||||
Fair | |||||||
For the period ended 30 June 2024 | Stated | Risk | Retained | Valuation | Total | ||
Capital | Reserve | Earnings | Reserve | Equity | |||
Company | |||||||
Balance as at 1 April 2023 (Audited) | 227,500 | 1,497,150 | 4,586,330 | (215,818) | 6,095,162 | ||
Total comprehensive income for the period | |||||||
Profit for the period | - | - | 2,517,525 | - | 2,517,525 | ||
Other comprehensive income | - | - | - | - | - | ||
Total comprehensive income for the period | - | - | 2,517,525 | - | 2,517,525 | ||
Transactions with equity holders | - | - | - | - | - | ||
Dividend paid (Interim 2022/23) | - | - | (911,250) | - | (911,250) | ||
Total distribution to equity holders | (911,250) | (911,250) | |||||
Transfer to risk reserve | - | 244,122 | (244,122) | - | - | ||
Balance as at 30 June 2023 (Unaudited) | 227,500 | 1,741,272 | 5,948,483 | (215,818) | 7,701,437 | ||
Balance as at 1 April 2024 (Audited) | 227,500 | 2,492,889 | 4,436,368 | (37,759) | 7,118,998 | ||
Total comprehensive income for the period | |||||||
Profit for the period | - | - | 532,099 | - | 532,099 | ||
Other comprehensive income | - | - | 6,597 | 6,597 | |||
Total comprehensive income | - | - | 532,099 | 6,597 | 538,696 | ||
Transactions with equity holders | - | - | - | - | - | ||
Loss on Sale of Financial Assets FVTOCI | - | - | (2,591) | 2,591 | - | ||
Total distribution to equity holders | - | - | (2,591) | 2,591 | - | ||
Transfer to risk reserve | - | 41,469 | (41,469) | - | - | ||
Balance as at 30 June 2024 (Unaudited) | 227,500 | 2,534,358 | 4,924,407 | (28,571) | 7,657,694 | ||
Figures in bracket indicate deductions.
Note: All values are in Rupees '000 unless otherwise stated.
Provisional Financial Statements | FIRST CAPITAL HOLDINGS PLC |
Quarter ended 30 June 2024 | 42 |
CONSOLIDATED STATEMENT OF CASH FLOWS
Group | Company | ||||
For the period | April ~ June | April ~ June | |||
2024 | 2023 | 2024 | 2023 | ||
Unaudited | Unaudited | Unaudited | Unaudited | ||
Cash flows from operating activities | |||||
Interest receipts and gains realised | 3,603,824 | 6,073,262 | 279,328 | 649,535 | |
Interest payments and other direct cost | (1,761,031) | (2,074,138) | (216,682) | (495,565) | |
Other receipts | 8,188 | 484 | 43 | - | |
Cash payments to employees and suppliers | (269,678) | (877,641) | (28,361) | (60,681) | |
Operating profit before changes in operating assets and liabilities | 1,581,303 | 3,121,967 | 34,328 | 93,289 | |
(Increase)/ Decrease in financial assets recognised through profit or loss -measured at | (8,861,961) | 12,181,744 | 1,367,827 | 1,101,249 | |
fair value | |||||
(Increase)/ Decrease in financial assets at amortised cost | (7,675,150) | 1,823,981 | 230,971 | (921,803) | |
(Increase)/ Decrease in Financial assets - fair value through other comprehensive income | 24,713 | - | (2,500) | - | |
(Increase)/ Decrease in trade and other receivables | 2,676,633 | (104,730) | (3,030) | 702,515 | |
(Increase)/ Decrease in group balances receivable | (15,057) | - | 31,048 | 14,293 | |
Increase/ (Decrease) in trade and other payables | (3,056,623) | 1,286,852 | (295,144) | 6,544 | |
Increase in group balances payable | 17,735 | 2,690 | 4,583 | 92,683 | |
Decrease in other short term borrowings | (525,926) | (1,840,551) | (677,482) | (1,113,319) | |
Increase /(Decrease) in borrowings against re-purchase agreements | 19,830,254 | (14,639,883) | - | - | |
Cash generated from/ (used in) operations | 3,995,921 | 1,832,070 | 690,601 | (24,549) | |
Tax paid | (1,538,699) | (248,051) | (11,117) | (65,388) | |
Gratuity paid | - | (3,068) | - | - | |
Net cash flow generated from/ (used in) operating activities | 2,457,222 | 1,580,951 | 679,484 | (89,937) | |
Cash flow from investing activities | |||||
Purchase of property, plant, equipment and intangible assets | (19,567) | (12,135) | - | (9,420) | |
Proceeds on sale of property plant and equipment | - | 300 | - | - | |
Dividend receipts | 150,640 | 36,076 | 2,025,037 | - | |
Net cash flow generated from/ (used in) investing activities | 131,073 | 24,241 | 2,025,037 | (9,420) | |
Cash flow from financing activities | |||||
Dividend paid | (2,025,000) | (911,250) | (2,025,000) | (911,250) | |
Repayment of long term borrowings | (200,000) | (100,000) | (200,000) | (100,000) | |
Proceeds from long term borrowings | - | - | - | - | |
Net cash flow generated from /(used in) financing activities | (2,225,000) | (1,011,250) | (2,225,000) | (1,011,250) | |
Net cash inflow/ (outflow) for the period | 363,295 | 593,942 | 479,521 | (1,110,607) | |
Cash and cash equivalents at the beginning of the period | (1,355,261) | (337,822) | (1,204,260) | (174,306) | |
Cash and cash equivalents at the end of the period (Note A) | (991,966) | 256,120 | (724,739) | (1,284,913) | |
Note A | |||||
Cash at bank and hand | 132,789 | 1,822,421 | 58,424 | 24,308 | |
Bank overdraft | (1,124,755) | (1,566,301) | (783,163) | (1,309,221) | |
(991,966) | 256,120 | (724,739) | (1,284,913) | ||
Figures in bracket indicate deductions.
Note: All values are in Rupees '000 unless otherwise stated.
Provisional Financial Statements | FIRST CAPITAL HOLDINGS PLC |
Quarter ended 30 June 2024 | 5 4 |
NOTES TO THE FINANCIAL STATEMENTS
1 Income tax expenses
Current tax expenses
Deferred tax (expenses) / reversal
Group
April ~ June
2024 2023
Rs.'000 Rs.'000
(232,305) (1,297,735)
(13,830) (1,938)
(246,135) (1,299,673)
Company
April ~ June
2024 2023
Rs.'000 Rs.'000
-
(39,286)
1,501 (8,059)
1,501 (47,345)
- Basic earnings per share (EPS)
Earnings per share has been calculated by dividing the net profit attributable to equity holders of the Company by the weighted average number of ordinary shares in issue during the period.
- These Provisional Financial Statements for the quarter ended 30 June 2024 have been prepared in accordance with
Sri Lanka Accounting Standard (LKAS 34) "Interim Financial Reporting".
-
Financial instruments- Fair Value Measurement
The Company measures fair values using the following fair value hierarchy that reflects the significance of the inputs used in making the measurements in accordance with SLFRS 13.
Level - 1
Financial instruments that are measured in whole or in part by reference to published quotes in an active market. A financial instrument is regarded as quoted in an active market if quoted prices are readily and regularly available from an exchange and those prices represent actual and regularly occurring market transactions on an arm's length basis.
Level - 2
Financial instruments that are measured at fair value on a recurring basis. As market quotes generally are not readily available or accessible for these securities, their fair value measures are determined using relevant information generated by market transactions involving comparable securities.
Level - 3
Valuation techniques using significant unobservable inputs. This category includes all instruments where the valuation technique includes inputs not based on observable data and the unobservable inputs have a significant effect on the instrument's valuation. This category includes instruments that are valued based on quoted prices for similar instruments where significant unobservable adjustments or assumptions are required to reflect differences between the instruments.
Provisional Financial Statements | FIRST CAPITAL HOLDINGS PLC |
Quarter ended 30 June 2024 | 5 |
6 |
NOTES TO THE FINANCIAL STATEMENTS
4.1 Fair values versus the Carrying amounts
The fair values of financial assets and liabilities, together with the carrying amounts shown in the Statement of Financial Position are as follows;
Group
Financial assets measured at fair value
Derivative financial instruments
Financial assets recognised through profit or loss - measured at fair value
Financial assets - fair value through other comprehensive income
Financial assets not measured at fair value
Cash at banks and in hand
Financial assets at amortised cost
Amounts due from related companies
Trade receivables
Total financial assets
Financial liabilities measured at fair value
Derivative financial instruments
Financial liabilities not measured at fair value Bank overdrafts
Amounts due to related companies
Trade and other payables
Securities sold under re-purchase agreements
Short term borrowings
Long term borrowings
Borrowings on debentures
Total financial liabilities
As at 30.06.2024 | As at 31.03.2024 | ||
Carrying | Fair Value | Carrying | Fair Value |
Amount | Amount | ||
Rs. '000 | Rs. '000 | Rs. '000 | Rs. '000 |
111,718 | 111,718 | 51,933 | 51,933 |
70,496,014 | 70,496,014 | 62,529,964 | 62,529,964 |
65,233 | 65,233 | 83,350 | 83,350 |
70,672,965 | 70,672,965 | 62,665,247 | 62,665,247 |
132,789 | 132,789 | 178,382 | 178,382 |
18,867,897 | 18,867,897 | 11,170,905 | 11,170,905 |
15,057 | 15,057 | - | - |
280,728 | 280,728 | 537,457 | 537,457 |
19,296,471 | 19,296,471 | 11,886,744 | 11,886,744 |
89,969,436 | 89,969,436 | 74,551,991 | 74,551,991 |
25,167 | 25,167 | 71,742 | 71,742 |
25,167 | 25,167 | 71,742 | 71,742 |
1,124,755 | 1,124,755 | 1,533,643 | 1,533,643 |
20,110 | 20,110 | 2,375 | 2,375 |
1,015,688 | 1,015,688 | 5,728,347 | 5,728,347 |
69,881,622 | 69,985,775 | 50,051,368 | 50,260,785 |
4,962,603 | 4,962,603 | 5,488,529 | 5,488,529 |
1,401,206 | 1,401,206 | 1,602,001 | 1,602,001 |
2,850,061 | 2,774,562 | 2,775,148 | 2,689,061 |
81,256,045 | 81,284,699 | 67,181,411 | 67,304,741 |
81,281,212 | 81,309,866 | 67,253,153 | 67,376,483 |
Provisional Financial Statements | FIRST CAPITAL HOLDINGS PLC |
Quarter ended 30 June 2024 | 7 |
NOTES TO THE FINANCIAL STATEMENTS
4.1 Fair values versus the Carrying amounts (Contd.) Company
Financial assets measured at fair value
Financial assets recognised through profit or loss - measured at fair value
Financial assets - fair value through other comprehensive income
Financial assets not measured at fair value Cash at banks and in hand
Amounts due from related companies Financial assets at amortised cost
Total financial assets
Financial liabilities measured at fair value
Financial liabilities not measured at fair value Bank overdrafts
Amounts due to related companies Trade and other payables
Short term borrowings Long term borrowings Borrowings on debentures
Total financial liabilities
As at 30.06.2024 | As at 31.03.2024 | ||
Carrying | Fair Value | Carrying | Fair Value |
Amount | Amount | ||
Rs. '000 | Rs. '000 | Rs. '000 | Rs. '000 |
2,826,271 | 2,826,271 | 4,199,601 | 4,199,601 |
7,500 | 7,500 | 5,000 | 5,000 |
2,833,771 | 2,833,771 | 4,204,601 | 4,204,601 |
58,424 | 58,424 | 76,453 | 76,453 |
18,848 | 18,848 | 49,896 | 49,896 |
6,435,457 | 6,435,457 | 6,658,126 | 6,658,126 |
6,512,729 | 6,512,729 | 6,784,475 | 6,784,475 |
9,346,500 | 9,346,500 | 10,989,076 | 10,989,076 |
- | - | - | - |
783,163 | 783,163 | 1,280,713 | 1,280,713 |
18,162 | 18,162 | 13,579 | 13,579 |
95,567 | 95,567 | 2,454,479 | 2,454,479 |
4,968,561 | 4,968,561 | 5,646,043 | 5,646,043 |
1,401,206 | 1,401,206 | 1,602,001 | 1,602,001 |
2,080,663 | 2,009,079 | 2,028,553 | 1,951,871 |
9,347,322 | 9,275,738 | 13,025,368 | 12,948,686 |
9,347,322 | 9,275,738 | 13,025,368 | 12,948,686 |
Provisional Financial Statements | FIRST CAPITAL HOLDINGS PLC |
Quarter ended 30 June 2024 | 87 |
NOTES TO THE FINANCIAL STATEMENTS
4.2 Financial instruments- Fair Value
The following tables show an analysis of financial instruments at fair value and by level of fair value hierarchy.
Group - As at 30 June 2024
Financial assets measured at fair value
Derivative financial instruments
Forward purchase contracts
Forward sale contracts
Financial assets recognised through profit or loss - measured at fair value
Investment in government securities
Investment in debentures
Investment in unit trust
Investment in listed shares
Financial assets - fair value through other comprehensive income
Financial assets not measured at fair value
Cash at banks and in hand
Financial assets at amortised cost
Amounts due from related companies
Trade receivables
Total financial assets
Financial liabilities measured at fair value
Derivative financial instruments
Forward purchase contracts
Forward sale contracts
Financial liabilities not measured at fair value
Bank overdrafts
Amounts due to related companies
Trade and other payables
Securities sold under re-purchase agreements
Short term borrowings
Long term borrowings
Borrowings on debentures
Total financial liabilities
Total Carrying | Total Fair | |||
Value | Level 1 | Level 2 | Level 3 | Value |
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 |
3,494 | 3,494 | - | - | 3,494 |
108,224 | 108,224 | - | - | 108,224 |
111,718 | 111,718 | - | - | 111,718 |
66,786,662 | 66,786,662 | - | - | 66,786,662 |
1,107,830 | 314,722 | 793,108 | - | 1,107,830 |
78,965 | - | 78,965 | - | 78,965 |
2,522,557 | 2,522,557 | - | - | 2,522,557 |
70,496,014 | 69,623,941 | 872,073 | - | 70,496,014 |
65,233 | 57,733 | - | 7,500 | 65,233 |
70,672,965 | 69,793,392 | 872,073 | 7,500 | 70,672,965 |
132,789 | - | - | 132,789 | 132,789 |
18,867,897 | - | - | 18,867,897 | 18,867,897 |
15,057 | - | - | 15,057 | 15,057 |
280,728 | - | - | 280,728 | 280,728 |
19,296,471 | - | - | 19,296,471 | 19,296,471 |
89,969,436 | 69,793,392 | 872,073 | 19,303,971 | 89,969,436 |
18,603 | 18,603 | - | - | 18,603 |
6,564 | 6,564 | - | - | 6,564 |
25,167 | 25,167 | - | - | 25,167 |
1,124,755 | - | - | 1,124,755 | 1,124,755 |
20,110 | - | - | 20,110 | 20,110 |
1,015,688 | - | - | 1,015,688 | 1,015,688 |
69,881,622 | - | - | 69,985,775 | 69,985,775 |
4,962,603 | - | - | 4,962,603 | 4,962,603 |
1,401,206 | - | - | 1,401,206 | 1,401,206 |
2,850,061 | - | 2,774,562 | - | 2,774,562 |
81,256,045 | - | 2,774,562 | 78,510,137 | 81,284,699 |
81,281,212 | 25,167 | 2,774,562 | 78,510,137 | 81,309,866 |
Provisional Financial Statements | FIRST CAPITAL HOLDINGS PLC |
Quarter ended 30 June 2024 | 9 |
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