Panasian Power Ltd.CSELK: PAP.N0000

Interim Financial Statements 30th June 2024

Aug 7, 2024 at 11:21 AM UTC · Issued by Panasian Power Ltd.

PANASIAN POWER PLC

INTERIM CONDENSED FINANCIAL STATEMENTS

FIRST QUARTER ENDING 30TH JUNE 2024

PANASIAN POWER PLC

INTERIM CONDENSED FINANCIAL STATEMENTS - QUARTER ENDED 30 JUNE 2024

PROVISIONAL FINANCIAL STATEMENTS

STATEMENT OF COMPREHENSIVE INCOME

	Group		Company
	First quarter ended 30 June	First quarter ended 30 June
	2024		2023	2024	2023
	Unaudited		Unaudited	Unaudited	Unaudited
	Rs		Rs	Rs	Rs
Revenue from contracts with customers	451,806,219		220,561,083	29,677,799	29,095,159
Billing under the standardized power purchase agreement	115,487,318		-	34,986,267	-
Cost of sales	(281,209,165)		(91,648,815)	(12,227,206)	(9,460,166)
Gross profit
286,084,372		128,912,269	52,436,860	19,634,992
Other operating income	2,457,453		221,538	1,125,148	-
Administrative expenses	(55,539,573)		(43,782,958)	(22,583,622)	(14,718,203)
Selling and distribution expenses	(5,122,957)		-	-	-
Reversal of impairment loss on trade receivable	10,002,767		10,183,852	-	2,544,689

Operating profit	237,882,062		95,534,701	30,978,386	7,461,479
Finance income	9,468,105		4,119,341	14,161,561	12,154,748
Finance expenses	(50,548,980)		(127,757,712)	(9,072,599)	(28,291,003)

Net finance income/ (expenses)	(41,080,875)		(123,638,372)	5,088,962	(16,136,255)
Share of profit of equity accounted investees, net of tax	401,137		586,569	-	-

Profit/( loss) before taxation	197,202,324		(27,517,102)	36,067,348	(8,674,775)
Income tax expense	(47,229,751)		(12,249,224)	(6,337,422)	-

Total comprehensive income for the year	149,972,573		(39,766,326)	29,729,926	(8,674,775)
Total comprehensive income Attributable to:

Owners of the parent	144,333,066		(40,438,659)	29,729,926	(8,674,775)
Non-controlling interest	5,639,507		672,333	-	-
	149,972,573		(39,766,326)	29,729,926	(8,674,775)
Basic Earnings / (Loss) Per Share	0.23		(0.06)	0.05	(0.01)

PANASIAN POWER PLC

INTERIM CONDENSED FINANCIAL STATEMENTS - QUARTER ENDED 30 JUNE 2024.

PROVISIONAL FINANCIAL STATEMENTS
STATEMENT OF CHANGES IN EQUITY
	Stated	Revaluation	Retained	Non-Controlling	Total
	capital	reserve	earnings	Interest	equity
Group	Rs.	Rs.	Rs.	Rs.	Rs.

Balance as at 01st April 2023	1,030,000,000	1,002,913,989	(90,811,481)	180,791,495	2,122,894,003
Total comprehensive income for the year
- Profit/(loss) for the year	-	-	72,027,968	27,631,776	99,659,744
- Other comprehensive income/(loss)	-	350,166,043	(1,576,785)	(65,359)	348,523,899
Distributions
- Dividend	-	-	(125,000,000)	(15,300,000)	(140,300,000)

Balance as at 31st March 2024	1,030,000,000	1,353,080,032	(145,360,298)	193,057,912	2,430,777,646


Balance as at 01st April 2024	1,030,000,000	1,353,080,032	(145,360,298)	193,057,912	2,430,777,646
Total comprehensive income for the period
- Profit for the Period	-	-	144,333,066	5,639,507	149,972,573

Balance as at 30th June 2024	1,030,000,000	1,353,080,032	(1,027,232)	198,697,419	2,580,750,219


.	1,030,000,000	1,002,913,989			162,131,600
	-	-			-
		Stated	Revaluation	Retained	Total
		capital	reserve	earnings	Equity
Company		Rs.	Rs.	Rs.	Rs.

Balance as at 01st April 2023		1,030,000,000	406,091,374	212,632,157	1,648,723,531
Total comprehensive income for the year
- Profit/(Loss) for the year		-	-	165,590,866	165,590,866
- Other Comprehensive Income/(Loss)		-	33,917,321	(1,344,779)	32,572,542
Transaction with owners in their capacity as
owners
Distributions
- Dividend		-	-	(125,000,000)	(125,000,000)

Balance as at 31st March 2024		1,030,000,000	440,008,695	251,878,244	1,721,886,939

Balance as at 01st April 2024		1,030,000,000	440,008,695	251,878,244	1,721,886,939
Total comprehensive income for the period
- Profit/(loss) for the period		-	-	29,729,926	29,729,926

Balance as at 30th June 2024		1,030,000,000	440,008,695	281,608,170	1,751,616,865

PANASIAN POWER PLC

INTERIM CONDENSED FINANCIAL STATEMENTS - QUARTER ENDED 30 JUNE 2024 PROVISIONAL FINANCIAL STATEMENTS

STATEMENT OF CASHFLOWS	Group
For the period ended 30 June	2024		2023
Unaudited		Unaudited

	Rs		Rs
Cash flows from operating activities
Profit/(Loss) before taxation	197,202,324		(27,517,102)
Adjustments for:
Depreciation of property, plant and equipment	50,627,251		45,813,381
Amortization of right of use asset	2,186,110		1,572,273
Amortization of intangible asset	1,450,723		1,333,220
Provision for retirement benefit obligation	301,395		297,422
Reversal of debtor impairment	(10,002,767)		(10,183,852)
Reversal of accrued provision	(7,749,390)		-
Accretion of lease interest	2,308,973		-
Dividend income	(83,078)		(221,538)
Share of Profit of Equity Accounted Investees - Joint Venture	(401,137)		(586,569)
Interest income	(9,468,105)		(4,119,341)
Interest expense	50,548,980		127,757,712
Cash flow from operating activities before working capital changes	276,921,279		134,145,606
(Increase) / Decrease in Inventory	56,675,974		(5,790,660)
(Increase) / Decrease in trade and other receivables	14,938,871		68,886,546
(Increase) / Decrease in amounts due from related parties	(14,425,096)		(778,787)
Increase / (Decrease) in other payables	95,802,973		26,873,861
Increase / (Decrease) in amounts due to related parties	-		2,359,009
Cash flow generated from (used in) / operating activities	429,914,000		225,695,575
Interest paid	(50,141,009)		(126,901,409)
Income tax	(32,996,150)		(1,725,931)
Retirement benefit obligations paid	(935,097)		-
Net cash flow from operating activities	345,841,745		97,068,235
Cash flows used investing activities
Acquisition of property, plant and equipment	(105,859,771)		-
Investments in unit trusts	(75,000,000)		-
Withdrawal from unit trust	30,000,000		-
Investment in capital work in progress	(58,460,083)		(5,441,485)
Investment in Non Financial Assets	-		(500,000)
Investments in intangible assets	(620,000)		-
Dividend received	83,078		221,538
Interest received	9,468,105		4,119,341
Net cash flows (used in) / generated from investing activities	(200,388,670)		(1,600,606)
Cash flows from financing activities
Proceeds from loans and borrowings	14,000,000		90,970,763
Repayment of borrowings	(245,427,973)		(160,605,970)
Related party loan obtain/(repayments)	325,352,229		-
Dividends paid	(125,000,000)		-
Payment of finance lease liabilities	(1,879,200)		(1,879,200)
Net cash flows from financing activities	(32,954,944)		(71,514,408)
Net increase / (Decrease) in cash and cash equivalents	112,498,131		23,953,222
Cash and cash equivalents at the beginning of the year	435,846,368		(39,970,436)
Cash and cash equivalents at the end of the period	548,344,499		(16,017,214)
Analysis of cash and cash equivalents
Cash in hand and cash at bank	548,344,499		(16,017,214)

Company

2024	2023
Unaudited	Unaudited
Rs	Rs
36,067,348	(8,674,775)
7,251,948	6,626,839
1,549,314	1,549,314
358,225	240,722
244,983	226,152
-	(2,544,689)
-	-
760,255	-
-	-
-	-
(14,161,561)	(12,154,748)
9,072,599	28,291,003
41,143,110	13,559,816
220,828	(792,230)
(15,996,931)	8,921,453
15,614,903	(4,847,094)
1,526,320	(6,476,873)
110,242,120	34,533,908
152,750,351	44,898,980
(9,072,599)	(27,434,700)
-	-
(935,097)	-
142,742,655	17,464,280
(708,648)	-
-	-
-	-
(23,391)	(3,283,906)
-	(500,000)
(620,000)	-
-	-
14,161,561	12,154,748
12,809,522	8,370,843
-	17,593,597
(18,472,850)	(34,659,824)
-	-
(125,000,000)	-
(1,879,200)	(1,879,200)
(145,352,050)	(18,945,427)
10,200,127	6,889,695
83,484,452	(91,748,625)
93,684,579	(84,858,930)

93,684,579	(84,858,930)

PANASIAN POWER PLC

INTERIM CONDENSED FINANCIAL STATEMENTS - AS AT 30 JUNE 2024

PROVISIONAL FINANCIAL STATEMENTS

SEGMENTAL INFORMATION

Information based on the primary segments (Business Segments)

					Quarter ended 30th June

	Hydro Power	Solar Power		EPC / Services	Group
	2024	2023	2024		2023	2024	2023	2024	2023
Revenue	Rs	Rs	Rs		Rs	Rs	Rs	Rs	Rs

Revenue from contracts with customers	101,155,355	88,272,545	91,652,654		94,688,074	258,998,210	37,600,465	451,806,219	220,561,083
Billing under the standardized power purchase agreement	103,179,309	-	12,308,010		-	-	-	115,487,318	-
Total Revenue	204,334,664	88,272,545	103,960,664		94,688,074	258,998,210	37,600,465	567,293,537	220,561,083

Results
EBITDA	165,378,162	64,339,172	90,190,619		75,774,806	34,258,471	2,649,025	289,827,251	142,763,003
Depreciation and amortization	(23,816,506)	(19,946,475)	(27,652,450)		(27,193,988)	(476,234)	(87,839)	(51,945,189)	(47,228,303)
Net Operating profit	141,561,656	44,392,697	62,538,169		48,580,818	33,782,237	2,561,186	237,882,062	95,534,700
Net finance income/ (expenses)	17,488,581	(12,749,082)	(57,483,537)		(112,806,981)	(1,085,919)	1,917,691	(41,080,875)	(123,638,372)
Share of profit of equity accounted investees	-	-	401,137		586,569	-	-	401,137	586,569
Profit before taxation	159,050,237	31,643,615	5,455,769		(63,639,594)	32,696,318	4,478,877	197,202,324	(27,517,102)

Income tax expense	(28,060,685)	(10,367,056)	(14,465,143)		-	(4,703,924)	(1,882,168)	(47,229,751)	(12,249,224)
Profit for the period	130,989,552	21,276,559	(9,009,374)		(63,639,594)	27,992,395	2,596,709	149,972,573	(39,766,326)

Profit Attributable to:
Owners of the parent	125,350,045	20,604,226	(9,009,374)		(63,639,594)	27,992,395	2,596,709	144,333,066	(40,438,659)
Non-controlling interest	5,639,507	672,333	-		-	-	-	5,639,507	672,333
	130,989,552	21,276,559	(9,009,374)		(63,639,594)	27,992,395	2,596,709	149,972,573	(39,766,326)


		As at 30 June 2024			As at 31 March 2024

Assets and Liabilities	Hydro Power	Solar Power	EPC / Services		Group	Hydro Power	Solar Power	EPC / Services	Group

Segment Non - Current Assets	2,413,283,449	2,119,715,890	25,102,397		4,558,101,736	2,436,073,703	1,986,841,172	24,107,748	4,447,022,622
Segment Current Assets	400,403,347	417,062,601	293,784,579		1,111,250,527	345,929,490	349,318,533	316,200,411	1,011,448,434
Segment Total Assets	2,795,386,432	2,373,565,665	340,411,400		5,669,352,263	2,782,003,192	2,336,159,705	340,308,159	5,458,471,056


Segment Non-Current Liabilities	621,494,536	1,858,665,059	461,569		2,480,621,165	627,599,910	1,522,276,177	444,367	2,150,320,455
Segment Current Liabilities	271,125,399	135,137,170	201,718,311		607,980,879	486,816,847	168,829,724	221,726,384	877,372,955
Segment Total Liabilities	1,127,799,996	1,728,511,863	222,273,992		3,088,602,044	1,114,416,756	1,691,105,901	222,170,751	3,027,693,410

The Group identified Hydro Power, Solar Power and Engineering, procurement and construction (EPC) as business segments whereas the Company does not have identifiable segments. Therefore no Company segmental information is presented.

PANASIAN POWER PLC

INTERIM CONDENSED FINANCIAL STATEMENTS - FIRST QUARTER ENDED 30 JUNE 2024

PROVISIONAL FINANCIAL STATEMENTS

EXPLANATORY NOTES TO THE FINANCIAL STATEMENTS

The Interim Financial Statements of the Company and the Group have been prepared in accordance with Sri Lanka Accounting Standards. There were no changes to the Accounting Policies and methods of computation since the publication of the Annual Report for the financial year 2023/24. These Interim Financial Statements have been prepared in compliance with the requirements of Sri Lanka Accounting Standard 34 "Interim Financial Reporting".
The interim financial statements for the period ended 30 June 2024 includes "the Company" referring to Panasian Power PLC and "the Group" comprises the Company and its fully owned subsidiaries and Padiyapelella Hydropower Limited with an 83% stake, and Powergen One (Pvt) Ltd as a joint venture. Please refer corporate information for more details.
Comparative Information
The presentation and classification of the financial statement of the previous period have been adjusted where relevant for better presentation and to be comparable with period end reporting.
The Consolidated Financial Statements were authorized for issue by the Board of Directors on 07th August 2024
The number of shares representing the stated capital is 625,000,000 ordinary shares amounting to Rs 1,030,000,000.

6 Market value per share as at 30 June	2024	2023
		Rs	Rs
	Highest during the quarter	4.40	3.40
	Lowest during the quarter	3.80	2.80
	Closing	4.00	3.00
7 Public Holding Information as at 30 June	2024	2023
	Market capitalization (Rs '000)	2,500,000	1,875,000
	Float adjusted market capitalization (Rs '000)	625,000	486,374
	Public shareholding percentage	25.00%	25.94%
	Number of public shareholders	6,493	6,942
	Minimum public holding - under section 7.14.1(i)(a) - Option	5	5
8 Related Party Transactions
	Recurrent transaction with related parties:
	Transactions with subsidiary companies
		Three months ended 30 June	Three months ended 30 June
	Transaction type	2024	2023
		LKR'000	LKR'000
	Fund transfers	(168,329)	(55,799)
	Expense shared	35,893	21,396
	Interest	7,065	7,133
	Transactions between subsidiary companies
		Three months ended 30 June	Three months ended 30 June
	Transaction type	2024	2023
		LKR'000	LKR'000
	Fund transfers	77	28,708
	Expense shared/reimbursed	338	1,405
	Interest	(3,091)	37,510
	Transactions between ultimate Parent and Panasian Power PLC subsidiary companies

		Three months ended 30 June	Three months ended 30 June
	Transaction type	2024	2023
		LKR'000	LKR'000
	Working capital loan obtained and interest accrued	325,352	-

The transactions disclosed above are in aggregate and include recurrent related party transactions.

No non-recurrent transactions were taken place during the period which require immediate announcement to the exchange.

Events occurring after reporting date
There have been no material events occurring after the reporting period that require adjustments to or disclosure in the financial statements.
Contingent liabilities
There were no material contingent liabilities as at reporting date which require adjustments to or disclosure in the financial statements other than disclosures were made in annual report 2023/24.

PANASIAN POWER PLC

INTERIM CONDENSED FINANCIAL STATEMENTS - FIRST QUARTER ENDED 30 JUNE 2024

PROVISIONAL FINANCIAL STATEMENTS

EXPLANATORY NOTES TO THE FINANCIAL STATEMENTS (Contd)

12 The disaggregation of revenue
		Group	Company
		Three months ended 30th	Three months ended 30th	Three months ended 30th	Three months ended 30th
	Revenue	June 2024	June 2023	June 2024	June 2023
		LKR'000	LKR'000	LKR'000	LKR'000
	Supply of electricity	192,808	182,961	29,678	29,095
	Sale of solar Inverters	95,075	36,736	-	-
	Sale of Solar Panels	102,511	106	-	-
	EPC Turnover	60,643	758	-	-
	Service Income	769	-	-	-
	Billing under the standardized power purchase agreement	115,487	-	34,986	-
	Total	567,294	220,561	64,664	29,095

13 Fair value measurement and related fair value disclosures

The fair values of financial assets and liabilities, together with the carrying amounts in the Balance Sheet, are as follows:

		Group
	30-Jun-24		31-Mar-24
	LKR '000 Carrying amount	LKR '000 Fair value		LKR '000 Carrying amount	LKR '000 Fair value

		Level 1			Level 1
Financial assets at fair value through profit or loss (FVPL)
Investment in unit trusts	76,317	76,317		30,936	30,936

Financial assets at amortized cost
Trade receivables	242,034	-		252,760	-
Related party receivables	26,759	-		12,347	-
Investments in preference shares	4,154	-		4,154	-
Cash at bank	570,516	-		469,192	-
	843,463	-		738,453	-

Financial liabilities at amortized cost
Bank overdrafts	23,627	-		34,701	-
Trade and other payable	253,571	-		282,768	-
Finance lease liabilities	86,357	-		85,927	-
Interest Bearing Borrowings	1,411,493	-		1,649,697	-
Loan from Related parties	524,455	-		199,103	-
	2,299,503	-		2,252,196	-

		Company
	30-Jun-24		31-Mar-24
	LKR '000 Carrying amount	LKR '000 Fair value		LKR '000 Carrying amount	LKR '000 Fair value
		Level 1			Level 1
Financial assets at amortized cost
Trade receivables	22,125	-		8,275	-
Related party receivables	385,856	-		401,471	-
Investments in preference shares	23,000	-		23,000	-
Cash and cash equivalents	96,725	-		84,277	-
	527,706	-		517,023	-

Financial liabilities at amortized cost		-			-
Bank overdrafts	3,240	-		993	-
Trade and other payable	34,500	-		157,973	-
Finance lease liabilities	33,010	-		34,129	-
Interest Bearing Borrowings	142,370	-		160,843	-
	213,120	-		353,937	-

Fair Value Hierarchy

Fair value of financial instruments are based on a fair value hierarchy which is defined below.

Level 1

Inputs that are quoted market prices (unadjusted) in the active market for identical instruments. The Company measures the fair value of an instrument using active quoted prices or dealer price quotations without any deductions for transaction cost. Market is regarded as active if quoted prices are readily and regularly available and represent actual and regularly occurring market transactions at arm's length basis.

Parent
R I L Property PLC is the parent company of Panasian Power PLC, holding 75% of the ordinary voting shares of the Company.
Director's holding

	Director's holding	-
	Holding of 10% or more
	RIL Property PLC	468,750,000
	Total non-public share holding	468,750,000	75.00%
	Public holding	156,250,000	25.00%
	Stated Capital	625,000,000	100%
	There are no directors holding shares of the company as at 30 June 2024
16	Twenty major shareholders of the Company as at 30 June 2024
	Name	No of Shares	%
1	R I L Property PLC	468,750,000	75.00
2	Mr. Weerasinghe Amarakoon Mudiyanselage	11,300,000	1.81
3	DFCC Bank Plc/S.M.D.N.P. Banda	6,320,000	1.01
4	Mr. Kangasu Chelvadurai Vignarajah	4,877,248	0.78
5	Mr. Agampodi Ushan De Silva	3,725,596	0.60
6	LOLC Finance PLC/C.B.R. Fernando	2,800,000	0.45
7	Mr.Weeraratne Pattiyapawulage Don Raj Rohitha	2,800,000	0.45
8	Seylan Bank PLC/Jayantha Dewage	2,426,000	0.39
9	Dr.Ramanujam Prathap	2,350,000	0.38
10	People's Leasing and Finance PLC/K.A.P.Gunawardhana	2,270,443	0.36
11	Senkadagala Finance PLC/Mr.S. Gobinath	2,270,000	0.36
12	Cocoshell Activated Cargon Company Limited	2,090,000	0.33
13	Mr. Ananda Deepthi Edussuriya	2,000,000	0.32
14	Metrocorp (Pvt) Ltd	2,000,000	0.32
15	Mr.D.D.Gunaratne	1,650,000	0.26
16	Mr. Mohamed Shahid Osman	1,590,000	0.25
17	Mr. Aruna Sriyan Jayasinghe	1,578,130	0.25
18	Dr. Agampodi Sajini Nethma De Silva	1,497,500	0.24
19	Citizens Development Business Finance PLC/T.K. Fernando	1,480,000	0.24
20	Mr. Balaruwaduge Manukulasuriya Francis Indika Mendis	1,350,000	0.22
		525,124,917	84.02

PANASIAN POWER PLC

INTERIM CONDENSED FINANCIAL STATEMENTS - FIRST QUARTER ENDED 30 JUNE 2024 PROVISIONAL FINANCIAL STATEMENTS

Corporate Information

Name of the Company

Panasian Power PLC

Legal Form

A Public Quoted Company with limited liability incorporated under the Provision of the Companies Act No 07 of 2007. The Company has been registered under Section 17(2) of the BOI Law No 4 of 1978 on 26 November 2008.

Date of incorporation

22 April, 2002

Date of listing of shares on the Colombo Stock Exchange 7 January, 2011

Company Registration Number

PV 9959 PB/PQ

Accounting Year End

31, March

Registered Office and Head Office

Level 4, BTL Shipping House, No. 45/2, Braybrooke Street, Colombo 02.

Subsidiary Companies

Manelwala Hydropower (Pvt) Limited

Panasian Investments (Pvt) Limited

Solar Power Generation Matara (Pvt) Ltd

Panthree Solaro Energy (Pvt) Ltd

PAP Solar One (Pvt) Ltd

Padiyapelella Hydropower Limited

Rajarata Sustainable Development (Pvt) Ltd

Finergreen Rajarata (Pvt) Ltd

Panasian Power Zambia Limited

Lower Kotmale Oya Power Two (Pvt) Ltd

Eco Green Solar Solutions (Pvt) Ltd

Finergreen Ridiyagama (Pvt) Ltd

Finergreen Gonnoruwa (Pvt) Ltd

Finergreen Mattala (Pvt) Ltd

Panasian Solar (Pvt) Ltd

PAP SPGM Solar (Pvt) Ltd

PAP EGSS Solar (Pvt) Ltd

PAP MHPL Solar (Pvt) Ltd

PAP PTS Solar (Pvt) Ltd

R-E-D Capital Asia (Pvt) Ltd

Solar One Asia (Pvt) Ltd

Joint Ventures

Powergen One (Pvt) Ltd

Nature of business

To engage in and undertake to establish, operate and manage any form of renewable energy power plant, and engage in any business related with the renewable energy sector.

Directors

Mr. L.H.A.L.Silva (Chairman)

Mr. D. Sooriyaarachchi

Mr. P.K. Pathmanatha (CEO/ Executive Director)

Ms. L.K.A.H.Fernando

Mr. K. Kamburadeniya

Ms. C. Pietersz

Board Secretary

Ms. R.Weudagedara

List of Sub Committees

Board Audit and Risk Committee

Ms. C. Pietersz (Chairperson)

Mr. L.H.A.L.Silva

Mr. K. Kamburadeniya

Ms. L.K.A.H.Fernando

Board Nominations and Governance Committee

Mr. K. Kamburadeniya (Chairman)

Mr. D. Sooriyaarachchi

Mr. L.H.A.L.Silva

Ms. L.K.A.H.Fernando

Ms. C. Pietersz

Board Remuneration Committee

Mr. K. Kamburadeniya (Chairman)

Mr. D. Sooriyaarachchi

Ms. L.K.A.H.Fernando

Mr. L.H.A.L.Silva

Ms. C. Pietersz

Board Related Party Transactions Review Committee

Ms. C. Pietersz (Chairperson)

Mr. L.H.A.L.Silva

Mr. D. Sooriyaarachchi

Ms. L.K.A.H.Fernando

Registrars

S S P Corporate Services (Pvt) Limited

No 101, Inner Flower Road

Colombo 3

Tel: +94112573894

Auditors

M/s Ernst & Young

Chartered Accountants

Rotunda Towers,

No. 109, Galle Road,

Tel : +94 11 246 3500

Bankers	Bankers
Sampath Bank PLC	Commercial Bank PLC
110, Sir James Peiris Mawatha	Foreign Branch
Colombo 2	Commercial House
Tel: +94112303050	21, Sir Razik Fareed Mawatha
	Colombo 01
National Development Bank PLC	Tel: +94112486028
40,Mawam Mawatha
Colombo 2	Hatton National Bank PLC
Tel: +94112448888	Level 14, 479, T B Jaya Mawatha
	Colombo 10
Seylan Bank PLC	Tel: +94112660660
90, Galle Road
Colombo 03	Union Bank Of Colombo PLC,
Tel: +94112456135	64 Galle Road, Colombo 03.
	Tel: 94112374100

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Panasian Power: Annual Report for 2023/24Jun 5, 2024

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