Hikkaduwa Beach Resort PLC
Interim Financial Statements
For the Quarter ended 31st December 2024
Hikkaduwa Beach Resort PLC and Its Subsidiary
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Group | ||||||||
Quarter ended 31st December | Nine months ended 31st December | Year Ended | ||||||
2024 | 2023 | Increase / | 2024 | 2023 | Increase / | 31st March 2024 | ||
Unaudited | Unaudited | (Decrease) % | Unaudited | Unaudited | (Decrease) % | Audited | ||
Rs. | Rs. | Rs. | Rs. | Rs. | ||||
Revenue from contracts with customers | 495,857,916 | 455,323,960 | 9% | 1,187,729,789 | 1,031,067,800 | 15% | 1,654,360,236 | |
Cost of Sales | (166,277,012) | (173,740,897) | -4% | (431,557,888) | (421,594,836) | 2% | (590,278,899) | |
Gross Profit | 329,580,904 | 281,583,063 | 17% | 756,171,901 | 609,472,964 | 24% | 1,064,081,337 | |
Other Income and Gains | 1,595,975 | 2,367,124 | -33% | 40,890,678 | 6,869,100 | 495% | 8,530,521 | |
Administrative Expenses | (146,970,762) | (131,539,867) | 12% | (381,387,628) | (351,130,264) | 9% | (492,020,323) | |
Other Operating Expenses | (122,985,101) | (138,431,657) | -11% | (366,197,555) | (389,216,588) | -6% | (536,721,353) | |
Selling and Marketing Expenses | (17,202,679) | (13,018,989) | 32% | (51,422,305) | (33,835,273) | 52% | (49,353,062) | |
Operating profit/ (Loss) | 44,018,337 | 959,674 | -4487% | (1,944,909) | (157,840,060) | -99% | (5,482,880) | |
Finance Income | 5,882,606 | 1,548,205 | 280% | 8,478,061 | 6,851,129 | 24% | 7,071,565 | |
Finance Costs | (93,939,974) | (150,158,719) | -37% | (307,651,109) | (469,016,845) | -34% | (623,688,644) | |
Share of Loss of Investment in Associate | - | - | 0% | (5,778,352) | (14,614,363) | -60% | 72,312,263 | |
(44,039,031) | (147,650,839) | -70% | (306,896,309) | (634,620,139) | -52% | (549,787,696) | ||
Loss Before Tax | ||||||||
Income Tax Expenses | 5,688,732 | (336,534) | -1790% | (182,441) | (979,149) | -81% | (112,961,609) | |
(38,350,299) | (147,987,374) | -74% | (307,078,750) | (635,599,288) | -52% | (662,749,305) | ||
Loss for the period/ year | ||||||||
Loss Attributable to; | ||||||||
Equity Holders of the Parent | 22,406,189 | (129,620,345) | -117% | (213,540,894) | (567,332,259) | -62% | (592,663,938) | |
Non-Controlling Interest | (60,756,489) | (18,367,030) | 231% | (93,537,857) | (68,267,029) | 37% | (70,085,367) | |
(38,350,299) | (147,987,375) | (307,078,750) | (635,599,288) | (662,749,305) | ||||
Other Comprehensive Income/ (Loss) | ||||||||
Other comprehensive income not to be | ||||||||
reclassified to profit or loss in subsequent | ||||||||
periods | ||||||||
Revaluation of land and building | - | - | - | - | 888,687,171 | |||
Income tax effect on revaluation of land and | ||||||||
buildings | - | - | - | - | (607,529,125) | |||
Acturial gain/ (loss) on defined benefit plan | - | - | - | - | (405,010) | |||
Income tax effect on defined benefit plan | - | - | - | - | 121,503 | |||
Share of other comprehensive income of associate | - | - | - | - | 335,174 | |||
Total Other Comprehensive Income/ (Loss) for | - | - | - | - | 281,209,713 | |||
the period/ year, net of tax | ||||||||
Total Comprehensive Loss for the period/ year, | ||||||||
net of tax | (38,350,299) | (147,987,374) | -74% | (307,078,750) | (635,599,288) | -52% | (381,539,592) | |
Total Comprehensive Loss Attributable to; | ||||||||
Equity Holders of the Parent | 22,406,189 | (129,620,345) | -117% | (213,540,894) | (567,332,259) | -62% | (334,765,366) | |
Non-Controlling Interest | (60,756,489) | (18,367,030) | 231% | (93,537,857) | (68,267,029) | 37% | (46,774,227) | |
(38,350,299) | (147,987,375) | (307,078,750) | (635,599,288) | (381,539,592) | ||||
Loss per share - Basic (Rs.) | 0.08 | (0.45) | (0.75) | (1.99) | (2.08) | |||
*Only the published numbers of share of associate profit/(loss) as at date has been considered.
Page 1 of 9
Hikkaduwa Beach Resort PLC and Its Subsidiary
STATEMENT OF COMPREHENSIVE INCOME
Company | ||||||||
Quarter Ended 31st December | Nine months ended 31st December | Year Ended | ||||||
2024 | 2023 | 2024 | 2023 | Increase / | 31st March 2024 | |||
Unaudited | Unaudited | Increase / | Unaudited | Unaudited | Audited | |||
(Decrease) % | ||||||||
Rs. | Rs. | (Decrease) % | Rs. | Rs. | Rs. | |||
Revenue from contracts with customers | 157,972,470 | 152,456,950 | 4% | 381,284,835 | 358,292,621 | 6% | 563,225,991 | |
Cost of Sales | (50,521,374) | (50,763,722) | 0% | (134,667,962) | (131,726,521) | 2% | (179,869,502) | |
Gross Profit | 107,451,096 | 101,693,228 | 6% | 246,616,873 | 226,566,100 | 9% | 383,356,489 | |
Other Income and Gains | 49,351,002 | 1,673,327 | 2849% | 76,888,696 | 4,791,880 | 1505% | 5,827,527 | |
Administrative Expenses | (57,200,145) | (43,533,601) | 31% | (137,688,001) | (115,380,908) | 19% | (167,032,979) | |
Other Operating Expenses | (36,558,583) | (39,235,378) | -7% | (102,089,350) | (117,848,151) | -13% | (149,487,624) | |
Selling and Marketing Expenses | (8,136,446) | (7,054,844) | 15% | (21,597,169) | (18,079,283) | 19% | (27,238,796) | |
Operating Profit/ (Loss) | 54,906,923 | 13,542,732 | 305% | 62,131,050 | (19,950,361) | -411% | 45,424,617 | |
Finance Income | 13,898,326 | 8,806,350 | 58% | 31,842,543 | 24,367,120 | 31% | 38,881,471 | |
Finance Costs | (43,562,190) | (64,719,307) | -33% | (147,721,526) | (231,878,026) | -36% | (304,531,553) | |
Share of profit/ (Loss) of Investment in Associate * | - | - | (5,778,352) | (14,614,363) | -60% | 72,312,263 | ||
Profit/ (Loss) Before Tax | 25,243,059 | (42,370,226) | -160% | (59,526,285) | (242,075,629) | -75% | (147,913,202) | |
Income Tax Reversal / (Expenses) | 5,688,732 | - | - | - | (112,067,054) | |||
Profit/ (Loss) for the period/ year | 30,931,791 | (42,370,226) | -173% | (59,526,285) | (242,075,629) | -75% | (259,980,256) | |
Other Comprehensive Income/ (loss) | ||||||||
Other comprehensive income not to be reclassified to profit | ||||||||
or loss in subsequent periods | ||||||||
Revaluation Gain on Land and Building | - | - | - | - | 206,532,767 | |||
Income Tax effect on Revaluation of Land and Building | - | - | - | - | (61,959,830) | |||
Actuarial Gain on Defined Benefit Plan | - | - | - | - | 783,628 | |||
Income Tax effort on defined benefit plan | - | - | - | - | (235,088) | |||
- | - | |||||||
Share of other comprehensive income of associate | - | - | - | - | 335,174 | |||
Total Other Comprehensive Income for the period/ year, | - | - | - | - | 145,456,652 | |||
net of tax | ||||||||
Total Comprehensive Income/ (Loss) for the period/ year, | ||||||||
net of tax | 30,931,791 | (42,370,226) | -173% | (59,526,285) | (242,075,629) | -75% | (114,523,605) | |
Loss per share - Basic (Rs.) | 0.11 | (0.15) | (0.21) | (0.85) | (0.91) | |||
*Only the published numbers of share of associate profit/(loss) as at date has been considered.
Page 2 of 9
Hikkaduwa Beach Resort PLC and Its Subsidiary
STATEMENT OF FINANCIAL POSITION
As at | Group | Company | ||
31.12.2024 | 31.03.2024 | 31.12.2024 | 31.03.2024 | |
Unaudited | Audited | Unaudited | Audited | |
ASSETS | Rs. | Rs. | Rs. | Rs. |
Non Current Assets | ||||
Property, Plant & Equipment | 7,015,587,202 | 7,148,998,711 | 1,596,160,041 | 1,639,017,318 |
Investment Properties | 639,266,966 | 639,266,966 | 639,266,966 | 639,266,966 |
Right-of-use Assets | 172,717,377 | 174,236,883 | 172,717,377 | 174,236,883 |
Investment In Associate | 2,237,892,859 | 2,243,671,211 | 2,237,892,859 | 2,243,671,211 |
Investment in Subsidiary | - | - | 1,990,739,435 | 1,881,851,775 |
Other receivables - related parties | - | - | 379,186,983 | 473,599,178 |
10,065,464,404 | 10,206,173,771 | 7,015,963,662 | 7,051,643,331 | |
Current Assets | ||||
Inventories | 58,178,598 | 52,709,644 | 17,916,682 | 12,459,063 |
Trade and Other Receivables | 287,139,077 | 253,660,966 | 148,685,192 | 68,235,981 |
Other Current Financial Assets | 12,005,820 | 8,394,420 | 12,005,820 | 8,394,420 |
Tax Receivables | 5,431,530 | 5,431,530 | 5,245,356 | 5,245,356 |
Advances and Prepayments | 16,159,598 | 16,719,843 | 9,896,491 | 8,100,461 |
Cash and Bank Balances | 457,248,008 | 60,592,385 | 395,278,294 | 12,115,199 |
836,162,630 | 397,508,789 | 589,027,835 | 114,550,480 | |
TOTAL ASSETS | 10,901,627,034 | 10,603,682,562 | 7,604,991,497 | 7,166,193,813 |
EQUITY AND LIABILITIES | ||||
Capital and Reserves | ||||
Stated Capital | 5,526,201,689 | 4,624,023,566 | 5,526,201,689 | 4,624,023,566 |
Revaluation Reserve | 1,662,343,249 | 2,208,273,419 | 646,902,677 | 646,902,677 |
Merger Reserve | 332,134,791 | 332,134,791 | 332,134,791 | 332,134,791 |
Accumilated Losses | (3,271,601,023) | (3,536,381,151) | (1,499,991,062) | (1,440,464,902) |
Equity attributable to equity holders of the parent | 4,249,078,706 | 3,628,050,625 | 5,005,248,095 | 4,162,596,131 |
Non-controlling Interest | 858,028,868 | 266,490,557 | - | - |
Total Equity | 5,107,107,574 | 3,894,541,181 | 5,005,248,095 | 4,162,596,131 |
Non-Current Liabilities | ||||
Interest Bearing Loans and Borrowings | 2,576,439,787 | 2,469,992,929 | 1,040,055,717 | 452,698,356 |
Retirement Benefit obligation | 30,845,039 | 30,597,868 | 20,465,310 | 20,375,080 |
Deferred Tax Liability | 1,375,824,544 | 1,375,824,543 | 506,396,557 | 506,396,556 |
Other Payables - Related Parties | 525,430,109 | 694,632,020 | 525,430,109 | 694,632,020 |
4,508,539,478 | 4,571,047,361 | 2,092,347,692 | 1,674,102,011 | |
Current Liabilities | ||||
Trade and Other Payables | 492,636,709 | 869,641,768 | 176,024,063 | 384,741,394 |
Interest Bearing Loans and Borrowings | 555,370,568 | 1,249,660,411 | 221,559,116 | 942,077,275 |
Contract Liabilities | 237,972,706 | 18,791,841 | 109,812,532 | 2,677,001 |
1,285,979,983 | 2,138,094,020 | 507,395,710 | 1,329,495,670 | |
TOTAL EQUITY & LIABILITIES | 10,901,627,034 | 10,603,682,562 | 7,604,991,497 | 7,166,193,813 |
These Financial Statements are in compliance with the requirements of the Companies Act No. 07 of 2007.
………..………………
Senarath B. Herath
General Manager - Group Finance
The Board of Directors is responsible for the preparation and presentation of these Financial Statements.
Signed for and on behalf of the Board by,
………..……………… | ………..……………… |
P. C. B. Talwatte | P. L. P Withana |
Director/ Group CEO | Director |
14 February 2025 | |
Colombo |
Page 3 of 9
Hikkaduwa Beach Resort PLC and Its Subsidiary
STATEMENT OF CHANGES IN EQUITY
GROUP | Attributable to Equity holders of the Parent | Non-Controlling | |||||
Stated Capital | Revaluation | Retained | Merger | Total | Interest | Total | |
Reserve | Earnings | Reserve | |||||
Rs | Rs | Rs | Rs | Rs | Rs | Rs | |
Balance as at 01st April 2023 | 4,624,023,566 | 1,949,850,679 | (2,943,193,045) | 332,134,791 | 3,962,815,990 | 313,264,783 | 4,276,080,774 |
Total comprehensive Loss for the period, net of tax | - | - | (567,332,259) | - | (567,332,259) | (68,267,029) | (635,599,288) |
Balance as at 31st December 2023 | 4,624,023,566 | 1,949,850,679 | (3,510,525,304) | 332,134,791 | 3,395,483,733 | 244,997,754 | 3,640,481,486 |
Balance as at 01st April 2024 | 4,624,023,566 | 2,208,273,419 | (3,536,381,151) | 332,134,791 | 3,628,050,626 | 266,490,557 | 3,894,541,181 |
Issue of Ordinary Shares under Right Issue | 902,178,123 | - | - | - | 902,178,123 | - | 902,178,123 |
Adjustment on changes to non-controlling interest in subsidiaries | - | (545,930,170) | 478,321,022 | - | (67,609,148) | 685,076,168 | 617,467,020 |
Total comprehensive Loss for the period, net of tax | - | - | (213,540,894) | - | (213,540,894) | (93,537,857) | (307,078,750) |
Balance as at 31st December 2024 | 5,526,201,689 | 1,662,343,249 | (3,271,601,023) | 332,134,791 | 4,249,078,707 | 858,028,868 | 5,107,107,574 |
Stated | Revaluation | Merger | Retained | Total | |||
COMPANY | |||||||
Capital | Reserves | Reserve | Earnings | ||||
Rs. | Rs. | Rs. | Rs. | Rs. | |||
Balance as at 01st April 2023 | 4,624,023,566 | 501,611,028 | 332,134,791 | (1,180,649,648) | 4,277,119,738 | ||
Total comprehensive Loss for the period, net of tax | - | - | - | (242,075,630) | (242,075,630) | ||
Balance as at 31st December 2023 | 4,624,023,566 | 501,611,027 | 332,134,791 | (1,422,725,278) | 4,035,044,107 | ||
Balance as at 01st April 2024 | 4,624,023,566 | 646,902,677 | 332,134,791 | (1,440,464,902) | 4,162,596,131 | ||
Issue of Ordinary Shares under Right Issue | 902,178,123 | - | - | - | 902,178,123 | ||
Total comprehensive Loss for the period, net of tax | - | - | - | (59,526,285) | (59,526,159) | ||
Balance as at 31st December 2024 | 5,526,201,689 | 646,902,677 | 332,134,791 | (1,499,991,187) | 5,005,248,095 |
Note - The Above figures are not Audited
Page 4 of 9
Hikkaduwa Beach Resort PLC and Its Subsidiary
STATEMENT OF CASH FLOW
Group | Company | |||
Quarter Ended | Quarter Ended | Quarter Ended | Quarter Ended | |
31.12.2024 | 31.12.2023 | 31.12.2024 | 31.12.2023 | |
Unaudited | Unaudited | Unaudited | Unaudited | |
Rs. | Rs. | Rs. | Rs. | |
Cash flows from/(used in) operating activities | ||||
Loss before income tax expense | (306,896,309) | (634,620,139) | (59,526,285) | (242,075,630) |
Adjustments for : | ||||
Depreciation | 146,812,915 | 160,005,859 | 33,824,324 | 32,817,250 |
Amortization of intangible assets | - | 167,648 | - | 167,647 |
Provision for defined benefit plans | 4,754,014 | 4,753,989 | 2,700,000 | 2,700,000 |
Depreciation of right-of-use assets | 1,519,506 | 1,519,506 | 1,519,506 | 1,519,506 |
Finance income | (33,586,569) | (4,524,417) | (31,304,281) | (22,040,408) |
Finance costs | 332,759,617 | 469,016,845 | 147,721,526 | 231,878,026 |
Dividend Income | (538,262) | (307,913) | (538,262) | (307,913) |
Fair value (gain)/ loss on financial assets at fair value | - | (2,018,800) | - | (2,018,800) |
Impairment of trade receivables | - | 250,000 | - | 250,000 |
(Gain)/ Loss on disposal of subsidiary's shares | (48,066,175) | - | (48,066,175) | - |
(Gain)/ loss on disposal of property plant & equipment | (26,963,449) | 2,356,355 | (26,963,449) | 2,356,355 |
Share of (profits)/ loss from investment in associate | 5,778,352 | 14,614,363 | 5,778,352 | 14,614,363 |
Operating profit/ (loss) before working capital changes | 75,573,640 | 11,213,297 | 25,145,256 | 19,860,397 |
Increase in inventories | (5,468,955) | (18,215,998) | (5,457,620) | (1,158,091) |
(Increase)/ decrease in trade and other receivables | (25,538,311) | 92,236,576 | (54,059,881) | 105,397,550 |
(Increase)/ decrease in advances and prepayments | 560,246 | (1,422,936) | (1,796,029) | (17,672,783) |
Increase/ (decrease) in contract liabilities | 219,180,865 | (92,824,911) | 107,135,531 | (95,880,851) |
Increase/ (decrease) in trade and other payables | (219,843,341) | (237,324,782) | (108,717,331) | (21,279,606) |
Cash flow from/ (used) in operations | 44,464,143 | (246,338,753) | (37,750,074) | (10,733,384) |
Finance cost paid | (260,496,953) | (181,330,189) | (108,114,307) | (163,951,875) |
Tax paid | - | (1,176,175) | - | (940,463) |
Defined benefit plan cost paid | (4,506,843) | (6,569,178) | (2,609,770) | (2,754,820) |
Net cash flow from/ (used) in operating activities | (220,539,652) | (435,414,294) | (148,474,150) | (178,380,541) |
Cash flows from/(used in) investing activities | ||||
Acquisition of property, plant and equipment | (12,219,446) | (25,104,745) | (2,261,665) | (10,325,732) |
Dividend received | 538,262 | 307,913 | 538,262 | 307,913 |
Net proceed from disposal of subsidiary's shares | 500,993,211 | - | 500,993,211 | - |
Proceeds from sale of fixed assets | 42,150,000 | - | 42,150,000 | - |
Net financed to related parties | 94,412,195 | - | 94,412,195 | - |
Finance income received | 19,288,529 | 4,095,923 | 1,841,813 | 84,405 |
Net cash flow used in investing activities | 645,162,751 | (20,700,909) | 637,673,815 | (9,933,414) |
Cash flows from/(used in) financing activities | ||||
Proceeds from interest bearing loans and borrowings | 964,899,073 | - | 964,899,073 | - |
Repayment of interest bearing loans and borrowings | (1,351,286,462) | (89,360,561) | (901,331,458) | (72,841,361) |
Proceeds from issue of shares | 133,558,079 | - | 133,558,079 | - |
Proceeds from shares issue to non-controlling shareholders | 116,473,810 | - | - | - |
Net Finance from/ (to) related parties | 336,278,928 | 540,370,982 | (106,391,678) | 274,570,276 |
Net cash flows from/ (used in) financing activities | 199,923,428 | 451,010,420 | 90,734,016 | 201,728,915 |
Net increase / (decrease) in cash and cash equivalents | 624,546,526 | (5,104,784) | 579,933,681 | 13,414,959 |
Cash and cash equivalents at the beginning of the period | (329,929,512) | (329,929,512) | (207,084,929) | (218,418,664) |
Cash and cash equivalents at the end of the period (note A) | 294,617,014 | (335,034,296) | 372,848,752 | (205,003,705) |
Note A | ||||
Analysis of Cash and cash equivalents | ||||
Cash and Bank Balances | 426,423,697 | 71,473,781 | 395,278,294 | 15,832,087 |
Short term deposits with original maturity less than three months | 30,824,311 | 27,979,573 | - | - |
Bank Overdrafts | (162,630,994) | (434,487,650) | (22,429,542) | (220,835,793) |
Total cash and cash equivalents | 294,617,014 | (335,034,296) | 372,848,752 | (205,003,705) |
Page 5 of 9
Hikkaduwa Beach Resort PLC and Its Subsidiary
NOTES TO THE INTERIM FINANCIAL STATEMENTS
-
Corporate Information
Hikkaduwa Beach Resort PLC, is a public limited liability company incorporated and domiciled in Sri Lanka listed on the Colombo Stock Exchange. - Interim Condensed Financial Statements
The financial statements for the quarter ended 31st December 2024 includes "the Company" referring to Hikkaduwa Beach Resort PLC as the holding company and "the Group" referring to the companies whose accounts have been consolidated therein. - Approval of Financial Statements
The interim condensed financial statements of the Group and the Company for the quarter ended 31st December 2024 were authorised for issue by the Board of Directors on 14th February 2025. - Basis of preparation and Group's accounting policies
The interim condensed consolidated financial statements for the quarter ended 31st December 2024 have been prepared in accordance with LKAS 34 Interim Financial Reporting.
The interim condensed consolidated financial statements do not include all the information and disclosures required in the annual financial statements, and should be read in conjunction with the Group's annual consolidated financial statements as at 31 March 2024.
The presentation and classification of the financial statements of the previous period have been amended, where relevant, for better presentation and to be comparable with those of the current period. - Events Subsequent to the Reporting Date
There have been no events subsequent to the reporting date, which require disclosure in the interim condensed financial statements. - Contingencies
There has not been a significant change in the nature of the contingent liabilities, which were disclosed in the Annual Report for the year ended 31st March 2024. - Comparative Figures
Where necessary, comparative figures have been re-stated to conform with SLFRS/LKAS.
Page 6 of 9
Hikkaduwa Beach Resort PLC and Its Subsidiary
NOTES TO THE INTERIM FINANCIAL STATEMENTS
8 | Share information | ||||
8.1 Basic Profit / (Loss) Per Share (Rs.) | |||||
Quarter Ended | Quarter Ended | ||||
31.12.2024 | 31.12.2023 | ||||
Group | 0.08 | (0.45) | |||
Company | 0.11 | (0.15) | |||
As at | |||||
8.2 Net Assets Per Share (Rs.) | As at | ||||
31.12.2024 | 31.12.2023 | ||||
Group | 7.83 | 11.92 | |||
Company | 9.22 | 14.16 | |||
8.3 Market Price Per Share (Rs.) | Quarter Ended | ||||
Quarter Ended | |||||
31.12.2024 | 31.12.2023 | ||||
Date | Price (Rs.) | Date | Price (Rs.) | ||
Highest | 07.10.2024 | 4.30 | 10.10.2023 | 6.30 | |
Lowest | 25.10.2024 | 3.30 | 20.11.2023 | 4.70 | |
Last Traded | 31.12.2024 | 3.50 | 29.12.2023 | 5.20 |
8.4 Stated Capital
Stated capital is represented by the number of shares in issue as given below:
As at | 31.12.2024 | 31.03.2024 | ||||
Issued and fully-paid - ordinary shares | Number | Rs. | Number | Rs. | ||
As at beginning of the year | 284,898,354 | 4,624,023,566 | 284,898,354 | 4,624,023,566 | ||
Issue of shares | 257,765,177 | 902,178,123 | - | - | ||
As at end of the year/ period | 542,663,531 | 5,526,201,689 | 284,898,354 | 4,624,023,566 |
- The company has raised a sum of Rs.902,178,121/- by way of a Rights Issue of 257,765,177 Ordinary Voting Shares in the proportion of Nineteen (19) New Ordinary Shares for every Twenty One (21) Ordinary Shares held by the holders of Ordinary Voting Shares in the Company as at end of Trading on 4th April 2024 are, which concluded on 30th April 2024.
-
The percentage of the shares held by public as at 31st December 2024 was 24.562% (As at 31st December 2023 was 16.941%) and the number of public shareholders was 3,535 (As at 31st December 2023 was 2,364).
The Float Adjusted Market Capitalisation of the Company as at 31st December 2024 is Rs. 479,834,568 and the Company complies with the minimum public holding requirement under Option 2 of the Listing Rules 7.13.1 (i) (b).
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Hikkaduwa Beach Resort PLC and Its Subsidiary
NOTES TO THE INTERIM FINANCIAL STATEMENTS
8.6 The number of shares held by the Board of Directors and CEO are as follows,
Director Name | As at | As at | ||
31.12.2024 | 31.12.2023 | |||
Mr. S. A. Ameresekere | - | - | ||
Seylan Bank PLC/ Mr. R. Seneviratne | 212,749 | 212,749 | ||
Mr. P. V. S. Premawardhana | - | - | ||
Mr. S. M. A. D. S Sugathapala | 464,394 | - | ||
Mr. P. L. P Withana | - | - | ||
Mr. P. N Mahawatte | - | - | ||
Mr. S. P. S. Ranatunge | - | - | ||
Director/ Group Chief Executive Officer | ||||
Mr. P.C.B. Talwatte | 9,523 | 5,000 |
8.7 Twenty Largest Ordinary Shareholders of the Company as follows;
Serial | Shareholder | As at 31st December 2024 | ||
No. | No of Shares | % | ||
1 | Citrus Leisure PLC | 408,664,134 | 75.31% | |
2 | Mr. K V Hewavitarne | 5,000,000 | 0.92% | |
3 | Hatton National Bank PLC/ Ravindra Erle Rambukwelle | 4,366,500 | 0.80% | |
4 | Mr. T G Thoradeniya | 4,080,156 | 0.75% | |
5 | Mr. K D D Perera | 4,000,000 | 0.74% | |
6 | Mrs. K M Goonewardene | 3,647,054 | 0.67% | |
7 | Mr. R E Rambukwelle | 2,171,558 | 0.40% | |
8 | Mr. M T Rajab Khan | 2,100,000 | 0.39% | |
9 | People's Leasing & Finance PLC/ R L Perera | 2,000,000 | 0.37% | |
10 | Seylan Bank PLC/ A C Senanka | 1,969,894 | 0.36% | |
11 | Emarketingeye (Pvt) Ltd | 1,767,381 | 0.33% | |
12 | Mr. C Yatawara | 1,622,464 | 0.30% | |
13 | Seylan Bank PLC/ Phantom Investments (Pvt) Ltd | 1,458,493 | 0.27% | |
14 | Mr. B S M Abeysekara | 1,334,600 | 0.25% | |
15 | Dr. A A M Dharmadasa | 1,259,989 | 0.23% | |
16 | Mr. K M V J Senarathne | 1,205,497 | 0.22% | |
17 | Mr. T A D G Siriwardane | 1,200,411 | 0.22% | |
18 | Mr. S K Peiris | 1,200,050 | 0.22% | |
19 | Dr. C Alwishewa | 1,200,000 | 0.22% | |
20 | Mr. K S D Senaweera | 1,145,200 | 0.21% | |
21 | Mr. K S M Rodrigo | 300,000 | 0.06% | |
Sub Total | 451,693,381 | 83.24% | ||
Others | 90,970,150 | 16.76% | ||
Total | 542,663,531 | 100.00% | ||
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CORPORATE INFORMATION
Name of Company | : Hikkaduwa Beach Resort PLC | |
Legal Form | : Public Quoted Company with limited liability Incorporated in Sri Lanka. | |
Stock Exchange Listing | : The issued ordinary shares of the Company are listed on Colombo Stock Exchange | |
of Sri Lanka. | ||
Company Registration No. | : PB 4520 PQ | |
Registered Office | : No: 56/1, Kynsey Road, Colombo 08 | |
Telephone : 0115 755055 | ||
Fax | : 0115 470000 | |
: direct@citrusleisure.com | ||
Website | : www.citrusleisure.com | |
Board of Directors | : Mr. S. P. S. Ranatunge (Chairman) | |
Mr. S.A. Ameresekere | ||
Mr. P. L. P Withana | ||
Mr. P. V. S. Premawardhana | ||
Mr. R. Seneviratne | ||
Mr. S. M. A. D. S Sugathapala | ||
Mr. P. N Mahawatte | ||
Directtor / CEO | : Mr. P. C. B. Talwatte | |
Company Secretaries | : P W Corporate Secretarial (Pvt) Ltd. | |
No.3/17, Kynsey Road, | ||
Colombo 08. | ||
Auditors | : Ernst & Young | |
Chartered Accountants | ||
Rotunda Towers | ||
No. 109, Galle Road | ||
Colombo 03. | ||
Bankers | : Sampath Bank PLC | |
Commercial Bank of Ceylon PLC | ||
Pan Asia Banking Corporation PLC | ||
Nations Trust Bank PLC | ||
Hatton National Bank PLC | ||
People's Bank | ||
National Development Bank PLC | ||
Subsidiary | : Waskaduwa Beach Resort PLC (PB 4242 PQ ) |
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