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0N*ALLY HOLDINGS PLC
Interim Financial Statement
31st March 2025
ONA'LLY HOLDINGS PLC Interim Financial Statements Contents PageStatement of Comprehensive Income 1
Statement of Financial Position 2
Statement of cash flow & Statement of Changes in Equity 3
Notes to the Interim Financial Statements 4-5
ON'ALLY HOLDINGS PLC
Statement of Comprehensive Income
(all amounts in Sri Lanka Rupees)
Jan-Mar | Jan-Mar |
2025 | 2024 |
Un-audited | audited |
(Rs'000) | (Rs'000) |
90,914 | 78,255 |
3,491 | 3,335 |
(41,131) | (43,529) |
53,274 | 38,061 |
5,316 | 10,732 |
487,432 | 524,214 |
546,022 | 573,007 |
(161,579) | (171,902) |
384,443 | 401,105 |
1,261 | (327) |
4,677 | 35,874 |
(1,782) | (10,664) |
4,156 | 24,883 |
388,599 | 425,988 |
4.13 | 4.31 |
Apr- Mar | Apr- Mar |
2025 | 2024 |
Un-audited | audited |
(Rs'000) | (Rs'000) |
339,985 | 286,314 |
13,522 | 12,016 |
(157,765) | (149,830) |
195,742 | 148,500 |
22,435 | 59,480 |
487,432 | 524,214 |
705,609 | 732,194 |
(162,775) | (161,801) |
542,834 | 570,393 |
(2,662) | (5,230) |
4,677 | 35,874 |
(605) | (9,193) |
1,411 | 21,451 |
544,245 | 591,844 |
5.84 | 6.13 |
3 months ended 31 March 12 months ended 31 March
Turnover
Other operating income
Administrative expenses Operating profit
Finance income
Fair value gain on investment property Profit before tax
Tax
Profit for the period
Other comprehensive income
Actuarial gain/loss on measurements of post employment benefit obligations
(Loss)/ gain on revaluation of building
Tax Effect on other comprehensive income Total other comprehensive income-net of tax Total comprehensive income
Earnings per share
ON'ALLY HOLDINGS PLC
Statement of Financial Position
as at 31/03/2025 (Rs'000) Un-audited 112,910 4,528 4,770,200 |
4,887,638 |
1,320 29,354 77,389 20,476 155,362 |
283,901 |
5,171,539 |
279,493 84,115 3,224,041 |
3,587,649 |
60,106 23,151 1,331,374 |
1,414,631 |
112,457 29,909 26,893 |
169,259 |
1,583,890 |
5,171,539 |
38.58 |
as at 31/03/2024 (Rs'000) Audited 116,011 6,876 4,240,000 |
4,362,887 |
3,123 21,933 57,094 20,493 310,437 |
413,080 |
4,775,967 |
279,493 83,463 3,015,259 |
3,378,215 |
109,488 16,749 1,186,047 |
1,312,284 |
44,909 31,718 8,841 |
85,468 |
1,397,752 |
4,775,967 |
36.32 |
(all amounts in Sri Lanka Rupees)
ASSETS
Non - current assets Property, plant and equipment Intangible assets
Investment property
Current Assets
Inventory
Trade receivables
Advances and other receivables Short term investments
Cash and cash equivalents
Total assets
EQUITY AND LIABILITIES
Capital and reserves Stated capital Revaluation reserve Retained earnings
Non- current liabilities
Rental deposits
Retirement benefit obligations Deferred Income tax liability
Current liabilities
Rental deposits
Trade and other payables Income tax payable
Total liabilities
Total equity and liabilities Net asset value per share
I certify that these financial statements have been prepared in compliance with the requirements of the Companies Act , No. 07 of 2007.
Accountant
Approved and signed on behalf of the Board
Director Director
Date : 26 May 2025
ON'ALLY HOLDINGS PLC
Statement of Cash Flow
(all amounts in Sri Lanka Rupees)
Net cash generated from operating activities Net cash (used) in investing activities
Net cash generated in financing activities Increase / (Decrease) in cash and cash equivalents Movements in cash and cash equivalents
At start of the period Increase /(decrease)
At end of the period
Twelve months ended 31 March
2025 Un-Audited (Rs'000) 222,682 (42,946) (334,811) |
(155,075) |
310,437 (155,075) |
155,362 |
2024 Audited (Rs'000) 940,368 (489,573) (213,907) |
236,888 |
73,549 236,888 |
310,437 |
ON'ALLY HOLDINGS PLC
Statement of Changes in Equity
(all amounts in Sri Lanka Rupees)
Stated Capital
Revaluation Reserve
Retained
Earnings Total
Balance at 01 April 2023
Profit for the period
audited (Rs'000) (Rs'000) (Rs'000) (Rs'000)
279,493 | 60,051 | 2,660,734 | 3,000,278 |
- | - | 570,393 | 570,393 |
- | 25,112 | (3,661) | 21,451 |
25,112 | 566,732 | 591,844 | |
- | (1,700) | 1,700 | - |
- | - | (213,907) | (213,907) |
- | - | (213,907) | (213,907) |
279,493 | 83,463 | 3,015,259 | 3,378,215 |
Other comprehensive income for the period Total comprehensive income for the period Depreciation Transfer
Dividend Paid 2024
Total transactions with owners, recognised directly in equity
Balance at 31 March 2024
Un-audited
Balance at 01 April 2024 | 279,493 | 83,463 | 3,015,259 | 3,378,215 |
Profit for the year | - | - | 542,834 | 542,834 |
Other comprehensive income for the year | - | 3,274 | (1,863) | 1,411 |
Total comprehensive income for the period | - | 3,274 | 540,971 | 544,245 |
Depreciation transfer | (2,622) | 2,622 | - | |
Dividend Paid 2025 | - | - | (334,811) | (334,811) |
Total transactions with owners, recognised directly in equity | - | (2,622) | (332,189) | (334,811) |
Balance at 31 March 2025 | 279,493 | 84,115 | 3,224,041 | 3,587,649 |
Corporate Information
On'ally Holdings PLC is a public limited liability Company which was listed on the Colombo Stock Exchange on 25thApril 1991 and re-registered as per the Companies Act, No 07 of 2007 on 13thDecember 2007 under the new Number PQ 107. The Registered office of the company is situated at 4th Floor, Unity Plaza Building, Colombo 04.
Basis of Preperation and Accounting Policies
The interim financial statements of the Company have been prepared in accordance with Sri Lanka Accounting Standard -LKAS 34 - Interim Financial Reporting. This Interim Financial Statement should be read in conjunction with the Annual Financial Statements for the year ended 31 March 2024 including the changes to accounting policies as a result of adapting Sri Lanka Financial Reporting Standards, (SLFRS/LKAS).
The Company has followed the accounting policies and methods of computation as disclosed in the Annual Financial Statements for the year ended 31 March 2024 in the preparation of the interim accounts for the quarter.
Disclosures
(3.1) The figures are provisional and subject to audit.
(3.2)
There have been no material events since the Balance Sheet date which require separate disclosure in the provisional financial statements.
(3.3)
(3.4)
(3.5)
(3.6)
(3.7)
Provisions have been made for all possible expenses as at 31 March 2025.
Renting of investment property is considered as one operating segment and accordingly this Interim Financial report do not provide information by segment.
Final Dividend for the year 2023/24 was Rs.2 per share and the directors have approved an interim dividend of Rs. 1.6 per share for the year ended 31st March 2025 & paid on 18th February 2025
There are no significant changes in the nature of the contingent liabilities disclosed in the Audited Financial Statements for the year ended 31st March 2024.
The investment Property and owner occupied property were revalued by an independent external valuer as at 31st March 2025. Consequently to the said revaluation;
The present value of the investment property was increased to Rs.4,770,200,000 and fair value gain on investment property of Rs. 487,431,568.61 was recorded in the statement of comprehensive income, in accordance with LKAS 40.
The present value of the owner occupied property was increased to Rs.109,800,000 and revaluation gain Rs.4,677,122.08 was recorded in the statement of comprehensive income as part of other comprehensive income.
ON'ALLY HOLDINGS PLC
NOTES TO THE FINANCIAL STATEMENTS (Contd…)
3 months ended 31 March
12 months ended 31 March
Jan-Mar 2025
Jan-Mar 2024
April -Mar 2025
April -Mar 2024
Market Price per share
Rs.
Date
Market Price per share
Rs.
Date
Market Price per share
Rs.
Date
Market Price per share
Rs.
Date
Highest market price per share
34.00
31-01-2025
27.00
27-03-2024
34.00
31-01-2025
33.50
27-04-2023
Lowest market price per share
26.00
05-03-2025
21.50
05-03-2024
23.30
19-09-2024
21.00
25-05-2023
Last traded price per share
28.20
28-03-2025
25.00
28-03-2024
28.20
28-03-2025
25.00
28-03-2024
Closing market price per share
28.00
28-03-2025
25.00
28-03-2024
28.00
28-03-2025
25.00
28-03-2024
Investor Information (4.1) Market Value of Shares
(4.2) 25 Major Shareholders as at 31 March 2025
Name of the Shareholder | No of Shares | % |
1 LANKA REALTY INVESTMENTS PLC | 47,325,368 | 50.89 |
2 URBAN DEVELOPMENT AUTHORITY | 41,666,660 | 44.80 |
3 URBAN INVESTMENT AND DEVELOPMENT COMPANY PVT LTD | 489,445 | 0.53 |
4 MAJESTIC INVESTMENTS (PVT) LTD | 298,881 | 0.32 |
5 TRANZ DOMINIONL.L.C. | 200,000 | 0.22 |
6 NANAYAKKARA MANAGEMENT SERVICES(PRIVATE) LIMITED | 143,994 | 0.16 |
7 CITIZENS DEVELOPMENT BUSINESS FINANCE PLC/K.D.C. SOMALATHA AND K. NANDASIRI | 124,901 | 0.13 |
8 MR. G.C. GOONETILLEKE | 116,666 | 0.13 |
9 MRS L.A.J.S. STANISLAUS AND MR B.C.STANISLAUS | 111,104 | 0.12 |
10 MR. N.W.N. JAYASIRI | 109,137 | 0.12 |
11 MR. T.A. PEIRIS & MR. P.R.NICHOLAS | 100,000 | 0.11 |
12 LAUGFS GAS PLC | 84,996 | 0.09 |
13 MR. K.D.U.S. NANAYAKKARA | 68,742 | 0.07 |
14 MR. S. GOWRISANGAR | 60,000 | 0.07 |
15 MR. A.W. MOHAMMED NAJEEB | 55,147 | 0.06 |
16 MR. N.G. NICHOLAS & MR. P.R.NICHOLAS | 50,000 | 0.05 |
17 DIALOG FINANCE PLC/S.D.M. HEMAJITH & R.A.N. UDANI | 49,103 | 0.05 |
18 MR. M.U.M. AZMI | 44,375 | 0.05 |
19 MR. R.I.A. GOONETILLEKE & MRS. S.N.GOONETILLEKE | 41,105 | 0.04 |
20 MR. T. RAVEENTHIRAN | 32,208 | 0.04 |
21 MR. S.N.C.W.M.B.C. KANDEGEDARA | 32,205 | 0.04 |
22 DR G.L.S. PERERA | 31,250 | 0.03 |
23 EST.OF LAT G.H.F. WELIKALA | 31,250 | 0.03 |
24 MR. H.A.R. PIERIS | 30,000 | 0.03 |
25 MR. C.N. PAKIANATHAN 29,865 0.03 Sub Total 91,326,402 98.20 | ||
Others | 1,676,685 1.80 | |
Total | 93,003,087 100.00 | |
(4.3) | Directors' Shareholding | As at 31/03/2025 |
Mr A.J.B. Warman | Nil | |
Mr. Noel Joseph | Nil | |
Shares held in the following manner | ||
Mr. M.H. Jamaldeen | 4,340 | |
Seylan Bank PLC / Mr. M H Jamaldeen | 18,678 | |
Mrs. T. Sarveshwaran | 1,580 | |
Mr. S. Neelakandan | Nil | |
Mr. E.A.C Piyashantha | Nil | |
Mr. A.A. Marikar | Nil | |
Mr. H R S C Gunathilake | Nil | |
Eng. L B Kumudu Lal | Nil | |
Mr K D Chithrapala | Nil | |
Alternate Directors | ||
Mr J A Ratwatte - Alternate Director to Mr. A.J.B Warman (resigned w.e.f. 9th April 2025) | Nil | |
(4.4) Public Holding
The percentage of shares held by the public as at 31 March 2025 is 3.76% comprising of 1102 shareholders.
(4.5) The Float adjusted market capitalization as at 31 March 2025 is Rs. 97,916,448
(4.6) The Company is not in compliance with Rule 7.14.1 (b) of the Listing Rules of the Colombo Stock Exchange on minimum public holding, under Option 2 thereof.