Lanka iOC
LANKA IOC PLC
FINANCIAL STATEMENTS - 30 JUNE 2025
CONTENTS
svavEuEuv or rianncm. osivioa
STATEMENT OF COMPREHEHSIUE INCOME
STATEMENTOFCHANGESINEQUITY CASHFLOWSTATEMENT
NOTES TO THE FINAJSCIAL STATEMENTS
Lanka IOC PLC
Ststennent of Financial Position{sEamoun Ms L*»k RupeesoDo
2fote
As at
31st Mar 2025
Non Current Assets | ||||
Property, Plant and Equipment | 5,256,106 | 5, 162,848 | ||
Long term Investment -CPSTL | 6,043,000 | 6,043,000 | ||
Long term Investment -TPTL | 137,200 | 137,200 | ||
Intangible Assets | 673,876 | 673,876 | ||
Right to Use-Lease Assets | 565,139 | 579,624 | ||
Other Receivables | 165,367 | 165,367 | ||
Long term Investment | 24,426,077 | 15,403,055 | ||
37,266,765 | 28, 164,970 | |||
Curreztt AsseM | ||||
Inventories | 31,499,521 | 43,737,259 | ||
Trade and Other Receivables | 13,003, 162 | 15,433,878 | ||
Short Term Investments | 25,020,348 | 29,519,567 | ||
Cash and Bank Balances | 1,951,274 | 1,923,740 | ||
71,474,305 | 90,614443 | |||
Total Assets | 108,741,070 | 118,779,413 | ||
EQUITY AND LIABILITIES | ||||
Capital and Reserves | ||||
Stated Capital | 7,576,574 | 7,576,574 | ||
Other Reserve | 1,649,000 | 1,649,000 | ||
Retained Earnings | 73, 126,745 | 73,466,048 | ||
Total Equity | 82,352,319 | 82,691,622 | ||
Non Current Liabilities | ||||
Defined Benefit Obligation (Net) | 3,432 | 10,914 | ||
Right to Use-Lease Liability | 471,845 | 490,964 | ||
Deferred Tax Liability (Net) | 52,872 | 36,688 | ||
528,149 | 558,566 | |||
Current Liabilities | ||||
Interest Bearing Borrowings | 3,946,786 | 7,444,789 | ||
Income Tax Payable | S4l,l51 | 720,239 | ||
Trade and Other Payables | 21,293,060 | 27,303,080 | ||
Right to Use-Lease Liability | 79,605 | 81, 117 | ||
20,860,602 | 35,549,225 | |||
Total Equity and Liabilities | 108,7•t1,070 | 118,'Z79,413 | ||
{The above figures are unaudited} | ||||
I certify that these financial statements | have | been prepared in compliance with | requirement of the | |
Companies Act, No. 7 of 2007 | ||||
Sr Vice President (Finance)
The Board of Directors is responsible for these financial statements. The Financial Statements were authorised for issue by the Board of Directors on 15th July 2025
Dipak Das Managing Director Date : 15th July 2025
H M A.Jayasinghe Director
Date : l5th July 2025
1anka IOC PIC
Statement of Comprehensive Income
(aM amounta in Sri Lanka Rupeea OOO's)
'I'bree Mozztbs Ezzded
Apr-June 2024-25
Revenue | 02,538,420 | 73,210,011 | ||
Cost of Sues | (57,741,939) | (66,952,450) | ||
Qross Profzt | 4,796,481 | 6,257,561 | ||
Other Operating Income | 101,655 | 46,606 | ||
Selling and Distribution Expenses | (2,320,908) | (2, 182,635) | ||
Administrative Expenses | (710,023) | (685,942) | ||
Operating Profit/(LossJ | 1,867,205 | S,4S5,59O | ||
Finance Income | 1, 147,603 | 1,365,345 | ||
Finance Expenses | (109,531) | (238,043) | ||
Profit/(Loss} Before To | 2,905,277 | 4,562,892 | ||
Income Tax | (582,252) | (786,979) | ||
Profit/{Loss) for the period | 2,323,025 | 5,775,915 | ||
Other Comprehensive Income | / JLoss} | |||
Items that will not be reclassified to profit or loss: | ||||
Other Comprehensive Income /(Loss) | ||||
Income tax on other Comprehensive income/ (loss) | ||||
Total Comprehensive Income /(Loss}, Net | of Tax | 2,323,025 | 3,775,913 | |
Earnings Per Share | 4.36 | 7. 09 | ||
JThe above figures are unaudited} | ||||
Lanka IOC PLC
Statement of changes in equity
{all amounts in Sri Lanka Rupees in '0OO'sJ
Balance at 1st April 2024
Dividends Paid Profit / (Loss) for the Period | 3,775,913 | 3,775,913 | ||
Balance at 30th June 2024 | 7,576,574 | 912,000 | 68,757,496 | 77,246,070 |
Balance at 1st April 2025 | 7,576,574 | 1,649,000 | 73,466,048 | 82,691,622 |
Dividends | (2,662,328) | (2,662,328) | ||
Profit /(Loss) for the Period | 2,323,025 | 2,323,025 | ||
Balance at 3Oth June 2025 | 7,576,574 | 1,649,OOO | 73,126,745 | 82,352,519 |
{ The above figures are unaudited) |
Caah Flow Statement
(all azoounta izz 9zi lazdza Rupeea in 'OOO's)
Cash Flows From / lUsed in) Operating Activities
Finance Income | (1,147,603) | (1,365,345) |
Finance Expenses | 109,53 1 | 238,043 |
Dividend Income (Profit)/ Loss on Sale of Property Plant and Equipment Defined Benefit Plan Cost | (50,000) (4S) 1,134 | (326) |
Depreciation | 146,102 | 131,813 |
Amotisation Right to use Assets | 14,486 | 11,266 |
Lease Interest - Right of - use Assets | 3,232 | 3,723 |
Operating Profit/{Loss} before Working Capital Changes | 1,982,114 | 3,582,066 |
Changes in Working Capital | ||
(Increase)/ Decrease in Inventories | 12,237,737 | (3,515,086) |
(Increase) /Decrease in Trade and Other Receivables | 2,430,715 | (1,055,319) |
Increase/ (Decrease) in Trade and Other Payables | (6,021,534) | 121,096 |
Cash Generated Prom/{Used inJ Operations | 10,629,032 | (867,243) |
Income Tax | (748,606) | (963,464) |
Finance Expenses | (10953 | (238,043) |
Finance Income | ,147,603 | 1,365,345 |
Defined Benefit Paid (8,22 1) | ||
2fet Cash Flows Prom Operating Activities | 10,918,• 98 | (711,626) |
Cash Flows from Investing Activities | ||
Dividend Income | 50,000 | |
Acquisition of Property, Plant and Equipment | (239,361) | (228,532) |
Proceeds on disposal of Property, Plant and Equipment | 46 | |
Withdrawal/(Investment) in long Term Investments | (9,023,021) | |
Net {Investment}/Withdrawa1 in Gratuity Fund | 6,348 | (20,062) |
Net Cash Flows Prom/(Used in) Investing Activities | (9,205,988) | |
Cash P•lows From Financing Activities | ||
Proceed from Interest bearing borrowings | 7,284,380 | 26,547,985 |
Repayments of Interest bearing borrowings | (10,782,382) | (22,893,015) |
Dividend Paid | (2,662,329) | |
Payment to Lease Creditor | (23,863) | (12,888) |
Net Cash Flows Prom /(Used in) £'inancing Activities | 3,642,082 | |
Set Increase / (Decrease) in Cash and Cash Equivalents | (4,471,684) | 2,681,862 |
Cash and Cash Equivalents at the Beginning of the Year | 31,443,306 | 45,206,384 |
Cash and Cash Equivalents at the End of the Period | 26,971,622 | 47,888,246 |
Analysis of Cash and Cash Equivalents | ||
Cash in hand & at Bank | 1,951,274 | 3,710,911 |
Short Term Investments | 25,020,348 | 44,177,335 |
Total cash and cash equivalents | 26,971,622 | 47,888,246 |
{The above figures are unaudited) | ||
Profit /(Loss)before Income Tax Expense Adjustments for
2,905,277
2024-25
4,562,892
Lanka IOC PLC
Notes to the Financial Statement
1 - General Information
The Company' commenced commercial operations of importing, selling and distribution of Petroleum products on 14th February 2003. The Compan) is a public limited liabilit)' company incorporated and domiciled in 8ri Lanka. The address of its registered office is Level 20, West Tower, World Trade Centre, Colombo.
The Company has its primary listing on the Colombo Stock Exchange.
These financial statements have been approved for issue b3 the Board of Directors on 15th July 2025.
These condensed interim rmancial statements of Lanka IOC PLC are for the period ended 3Oth June 2025. The3 have been prepared in accordance LKAS 34, Interim Financial Reporting, These interim financial statements have been prepared in accordance u ith those SLFRS standards and ISRI C interpretation issued and effective as at the time of preparing these statements. The condensed interim financial statements do not include all of the information required for full annual rmancial statements. The condensed Interim Financial Statements should be read in conjunction u'ith the annual financial statements for the 3'ear ended 31st March 202S.
3 - AccountiopPohcies
The Accounting policies adopted are consistent u ith those of the previous financial 3'ear as reported in the annual financial statements for the 3ear ended 31st March 2025.
q- Net assets per share have been computed based on number of shares in issues as at 3Oth June 2025
s. The presentation and classification of the Financial Statements of the previous 3'ear have been amended, u here relevant, for better presentation and to be comparable with those of the current year.
6- The company's status of Nation Building Tax as at 30. 06. 2025 remain the same as at 31.O3.2025.
No any events have occurred since the statement of financial position date svhich mould require adjustments to, or disclosure in, the financial statements.
8- Sharepncemovement | |||
Aprñ-June | |||
The market prices during | 2025-26 | 2024-25 | |
Highest prices LKR | 141.75 | 134.50 | |
Low est prices LKR | 121.00 | l 13.25 | |
Last trade price LKR | 130.50 | 12 7.25 | |
9- Net Asset Value per share (30th June 2025) - LKR | 154.66 | ||
Net Asset Value per share (3 I st March 2025) - LKR | 155.30 | ||
Net Asset Value per share (30th June 2024) - LKR | 145.07 | ||
JSotes to tbe £'iaaaciaJ Statezoeat Cor tbe quarter eaded 3OtIt Jtzae 2025
Stated Capital is represented b3 532,465,705 ordinary Shares.
Names and the Number of Shares held by the largest 20 shareholders as at 3Oth June 2025
Name | No.of Shares | Percentage | ||
Indian Oil Corporation Limited, India | 400,000,OOS | 75. I2 | ||
2 | Sri Lanka Insurance Corporation Ltd-Life fund | 7,975,875 | 1.50 | |
3 | J B Cocoshell {Pvt) Ltd | 6,478,332 | 1.22 | |
Mr. K.A.S.R. Nissanka | 4,450,519 | 0.84 | ||
5 | Bank of Ceylon A/ c Ce3'bank Unit Trust | 4,158,839 | 0.78 | |
6 | Hatton National Bank PLC-Senfin Growth Fund | 3,993,264 | 0.75 | |
7 | Peoples Leasing & Finance Plc/ Mr.D.M. P. Disana3 ake | 2,895,334 | 0.54 | |
8 | Deutsche bank AG as Trustee for JB Vantage Value Equip Fund | 2,486,170 | 0.47 | |
9 | Employees Provident Pund | 2,346,558 | 0.44 | |
10 | Odyssey Capital Partners (Private) Limited | 2,336,395 | 0.44 | |
11 | Emplo3 ees Trust Fund Board | 1,743,806 | 0.33 | |
12 | Mr. N. Samarasuri3 a & Mrs. C. Samarasuri3 a | 1,704,000 | 0.32 | |
13 | MR. D.G. Wijemanna | 1,500,000 | 0.28 | |
14 | Finco Holdings (Private) Limited | 1,4S4,198 | 0.27 | |
15 | AsseHine Finance Limited / British American Technologies Pvt Ltd | 1,451,796 | 0.27 | |
16 | HNB Investments Bank (Pvt) Limited / Mr. Ela3 athamb3 Thavagnanasooriyam / Mr. Elayathamb3 Thavagnanasundaram | 1,419,701 | 0.27 | |
17 | Mr. H. Yusoof | 1,390,169 | 0.26 | |
18 | Jafferjee Brothers Exports (Private)Limited | 1,337,180 | 0.25 | |
19 | National Savings Bank | 1,2'tI,9S9 | 0.23 | |
20 | Hatton National Bank PLC/ Elayathamb3 Thavagnanasundaram | 1,181,932 | 0.22 | |
Total | 451,546,032 | 84.8 I |
Compliant under Option -1 Float adjusted market capitalization (LKR Mn}
The Company complies with Minimum Public Holding Requirement under option 1 of the Listing Rules 7. 14. 1 (a) which is no minimum % requires in Public Holding and Number of Public Shareholders 500 .
24.BB%
14,524
17,286
13- Directors' Sha:reho1ding as on 3Oth June 2025
Mr.Satish Kumar Vaduguri -Chairman | ||
Mr Dipak Das | ||
Mr Rani Venkata Naga Vishweshu'ar | ||
Mr Nikhit Deep Mathur | ||
Mr H. Manil Anthony Jayasinghe | Nil | |
Mr.Sivakrishnarajah Renganathan | Nil |