GALLE FACE CAPITAL PARTNERS PLC
INTERIM FINANCIAL STATEMENTS - FOR THE PERIOD ENDED
31ST DECEMBER 2022
CONTENT:
Statement of Profit or Loss and Other Comprehensive Income -1
Statement of Financial Position -2
Statement of Changes in Equity -3
Statement of Cash Flows -4
Notes to the Financial Statements -5-6
Top 20 Major Shareholders -7
Corporate Information -8
GALLE FACE CAPITAL PARTNERS PLC | ||||
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME | ||||
FOR THE PERIOD ENDED 31ST DECEMBER | ||||
Rs.'000 | Rs.'000 | |||
QUARTER ENDED | PERIOD ENDED | |||
31.12.2022 | 31.12.2021 | 31.12.2022 | 31.12.2021 | |
UNAUDITED | UNAUDITED | UNAUDITED | UNAUDITED | |
Revenue | 1,231 | 2,003 | 32,067 | 2,003 |
Administrative and other Operating Expenses | (253) | (564) | (2,181) | (274) |
Profit/(Loss) on Fair Value of Investments Measured at Fair Value T hrough Profit or Loss | (29,305) | 13,770 | 32,444 | 13,770 |
Profit from Operation | (28,327) | 15,209 | 62,330 | 15,499 |
Finance Income | 29,878 | 5,425 | 57,486 | 17,763 |
Finance Cost | (5) | (2) | (8) | (2) |
Profit before Taxation | 1,546 | 20,632 | 119,808 | 33,260 |
T axation | (6,600) | (1,234) | (13,080) | (4,265) |
Profit for the Period | (5,054) | 19,398 | 106,728 | 28,995 |
Other Comprehensive Income | - | - | - | - |
Total Comprehensive Income for the Period | (5,054) | 19,398 | 106,728 | 28,995 |
Earnings Per Share (Rs.) | (0.20) | 0.75 | 4.13 | 1.12 |
Dividend Per Share (Rs.) | - | - | - | - |
- The above figures are provisional and subject to audit.
- Figures in brackets indicate deductions.
Page 1 of 9 | INTERIM FINANCIAL STATEMENTS |
GALLE FACE CAPITAL PARTNERS PLC
STATEMENT OF FINANCIAL POSITION
AS AT | 31.12.2022 | 31.03.2022 | |
Rs.'000 | Rs.'000 | ||
UNAUDITED | AUDITED | ||
Assets | |||
Non Current Assets | |||
Investments - Measured at Fair Value T hrough Profit or Loss | 373,283 | 337,221 | |
Investment -T B | 373,282 | - | |
Total Non Current Assets | 746,565 | 337,221 | |
Current Assets | |||
Assets held for sale | - | 143,829 | |
T rade & Other Receivables | 1,013 | 26,402 | |
Cash and Cash Equivalents | 74,036 | 194,925 | |
Total Current Assets | 75,049 | 365,156 | |
Total Assets | 821,614 | 702,377 | |
Equity and Liabilities | |||
Equity | |||
Stated Capital | 513,656 | 513,656 | |
Revenue Reserves | 293,520 | 186,792 | |
Total Equity | 807,176 | 700,448 | |
Current Liabilities | |||
Other payables | 333 | 609 | |
Income T ax Payable | 13,055 | 1,282 | |
Bank Overdraft | - | 38 | |
Total Current Liabilities | 13,387 | 1,929 | |
Total Equity & Liabilities | 820,563 | 702,377 | |
Net Assets per share (Rs.) | 31.24 | 30.38 |
T he Above figures are provisional and subject to audit.
I certify that the Interim Financial Statements have been prepared in compliance with the requirements of the Companies Act No.7 of 2007.
Sgd.
Dilshan Perera
Chief Financial Officer
T he Board of Directors is responsible for the preparation and presentation of these Financial Statements.
T hese Financial Statements were approved and signed for and on behalf of the Board of Directors of Galle Face Capital Partners PLC.
Sgd. | Sgd. |
S. V. Rajiyah | B.V.Selvanayagam |
Director | Director |
03rd February 2023 |
- The above figures are provisional and subject to audit.
- Figures in brackets indicate deductions.
Page 2 of 9 | INTERIM FINANCIAL STATEMENTS |
GALLE FACE CAPITAL PARTNERS PLC | ||||
STATEMENT OF CHANGES IN EQUITY | ||||
FOR THE PERIOD ENDED 31ST DECEMBER | Stated | General | Revenue Reserves | Total |
Capital | reserve | Retained Earnings | ||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | |
Balance as at 1st April 2021 | 513,656 | 619 | 270,551 | 784,826 |
Profit for the period | - | - | 28,995 | 28,995 |
Balance as at 31st December 2021 | 513,656 | 619 | 299,546 | 813,821 |
Balance as at 1st April 2022 | 513,656 | 619 | 186,173 | 700,448 |
Profit for the period | - | - | 106,728 | 106,728 |
Balance as at 31st December 2022 | 513,656 | 619 | 292,901 | 807,176 |
- The above figures are provisional and subject to audit.
- Figures in brackets indicate deductions.
Page 3 of 9 | INTERIM FINANCIAL STATEMENTS |
GALLE FACE CAPITAL PARTNERS PLC | ||
STATEMENT OF CASH FLOWS | ||
FOR THE PERIOD ENDED 31ST DECEMBER | 2022 | 2021 |
Rs.'000 | Rs.'000 | |
UNAUDITED | UNAUDITED | |
Cash Flow from Operating Activities | ||
Profit Before Tax | 119,808 | 33,260 |
Adjustments: | ||
Finance Income | (57,486) | (17,763) |
Finance Cost | 8 | 2 |
Gain on Disposal of Shares | (21,387) | (2,003) |
Loss/Gain on Investments - Measured at Fair value Through Profit or Loss | (32,444) | (13,770) |
Operating Cash Flows before Working Capital changes | 8,499 | (274) |
Changes in Working Capital | ||
(Increase)/Decrease in Other Current Assets | 26,389 | - |
(Increase)/Decrease in investments | (372,231) | - |
Increase/(Decrease) in Trade and Other Payables | (276) | (2,094) |
Cash Flows Generated from Operations | (337,620) | (2,368) |
Income Tax Paid | (2,307) | (3,927) |
Investment in Shares | (47,995) | (455,741) |
Disposal of Shares | 65,763 | - |
Disposal of Equity Accounted Investees | 143,829 | - |
Net Cash Flows generated from Operating Activities | (178,330) | (462,036) |
Cash Flows from Investing Activities | ||
Interest Received | 57,486 | 17,763 |
Finance Cost | (8) | (2) |
Net Cash Flows generated from Investing Activities | 57,478 | 17,761 |
Cash Flows from Financing Activities | ||
Dividend Paid | - | - |
Net Cash Flows used in Financing Activities | - | - |
Net Increase/(Decrease) in Cash and Cash Equivalents | (120,851) | (444,275) |
Cash and Cash Equivalents at the beginning of the period | 194,887 | 787,938 |
Cash and Cash Equivalents at the end of the period | 74,036 | 343,663 |
- The above figures are provisional and subject to audit.
- Figures in brackets indicate deductions.
Page 4 of 9 | INTERIM FINANCIAL STATEMENTS |
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