INTERIM CONDENSED FINANCIAL STATEMENTS
THREE MONTHS ENDED 30TH JUNE 2022
Raigam Wayamba Salterns PLC & Subsidiary Companies
STATEMENT OF FINANCIAL POSITION
Rs. | Group | Company | ||||
As at | 30.Jun.2022 | 31.Mar.2022 | 30.Jun.2022 | 31.Mar.2022 | ||
ASSETS | (Un Audited) | (Un Audited) | (Un Audited) | (Un Audited) | ||
Non-Current Assets | ||||||
Property, Plant and Equipment | 643,121,656 | 640,171,784 | 536,682,158 | 532,164,644 | ||
Intangible Assets | 6,069,895 | 1,846,790 | 4,315,444 | - | ||
Investments in Subsidiaries | - | - | 85,140,226 | 85,140,226 | ||
Right of Use Assets | 11,786,851 | 11,800,487 | - | - | ||
660,978,402 | 653,819,061 | 626,137,828 | 617,304,869 | |||
Current Assets | ||||||
Inventories | 226,080,287 | 241,510,062 | 125,152,374 | 146,444,948 | ||
Trade and other Receivables | 653,350,923 | 523,893,837 | 443,340,043 | 493,562,842 | ||
Held to Maturity Financial Assets | 524,915,620 | 514,634,975 | 524,915,620 | 514,634,975 | ||
Cash and Cash Equivalents | 189,370,128 | 234,703,180 | 156,216,442 | 102,720,228 | ||
1,593,716,958 | 1,514,742,054 | 1,249,624,479 | 1,257,362,993 | |||
Total Assets | 2,254,695,360 | 2,168,561,116 | 1,875,762,307 | 1,874,667,863 | ||
EQUITY AND LIABILITIES | ||||||
Stated Capital | 604,414,640 | 604,414,640 | 604,414,640 | 604,414,640 | ||
Revaluation Reserve | 124,319,084 | 124,319,084 | 98,607,739 | 98,607,739 | ||
Retained Earnings | 997,203,635 | 919,557,994 | 787,001,454 | 724,636,295 | ||
1,725,937,359 | 1,648,291,718 | 1,490,023,833 | 1,427,658,674 | |||
Non-Current Liabilities | ||||||
Defined Benefit Obligation | 27,231,471 | 27,658,093 | 25,222,103 | 25,222,103 | ||
Deferred Tax Liability | 31,276,406 | 32,491,855 | 23,590,437 | 24,805,886 | ||
Interest Bearing Loans and Borrowings | 13,937,995 | 14,910,396 | 2,448,684 | 3,421,084 | ||
72,445,872 | 75,060,344 | 51,261,224 | 53,449,074 | |||
Current Liabilities | ||||||
Trade and Other Payables | 352,409,717 | 393,140,325 | 225,455,005 | 339,257,275 | ||
Income Tax Payable | 11,870,923 | 21,856,919 | 19,163,156 | 12,241,302 | ||
Interest Bearing Loans and Borrowings | 1,686,794 | 2,213,194 | 1,325,572 | 1,851,972 | ||
Bank Overdraft | 90,344,696 | 27,998,615 | 88,533,517 | 40,209,566 | ||
456,312,130 | 445,209,053 | 334,477,250 | 393,560,115 | |||
Total Equity and Liabilities | 2,254,695,360 | 2,168,561,116 | 1,875,762,307 | 1,874,667,863 | ||
6.12 | 5.84 | 5.28 | 5.06 | |||
Net Assets per Share |
These financial statements are in compliance with the requirements of the Companies Act No :07 of 2007.
N Jayasuriya - Director 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:
G V P G Amarasinghe - Director | K R Theadore - Director |
August 15, 2022
Colombo
-02-
Raigam Wayamba Salterns PLC & Subsidiary Companies
INCOME STATEMENT
Group | Company | |||
Rs. | Quarter ended 30th June | Quarter ended 30th June | ||
2022 | 2021 | 2022 | 2021 | |
(Un Audited) | (Un Audited) | (Un Audited) | (Un Audited) | |
Revenue | 363,583,893 | 273,609,936 | 319,951,255 | 257,334,309 |
Cost of Sales | (227,369,150) | (144,340,703) | (205,718,871) | (160,355,211) |
Gross Profit | 136,214,743 | 129,269,232 | 114,232,384 | 96,979,099 |
Other Income | - | - | - | |
Administrative Expenses | (22,209,921) | (21,072,122) | (18,265,990) | (15,877,025) |
Selling and Distribution Costs | (24,791,081) | (24,170,380) | (24,503,528) | (21,668,781) |
Results From Operating Activities | 89,213,741 | 84,026,730 | 71,462,866 | 59,433,293 |
Finance Cost | (120,844) | (365,120) | (119,044) | (20,854) |
Finance Income | 5,681,122 | 4,112,385 | 5,083,191 | 4,063,514 |
Net Finance (Cost) / Income | 5,560,278 | 3,747,265 | 4,964,147 | 4,042,660 |
Profit Before Tax | 94,774,019 | 87,773,995 | 76,427,013 | 63,475,953 |
Income Tax Expense | (17,364,315) | (16,043,130) | (14,061,854) | (11,669,482) |
Profit for the Period | 77,409,704 | 71,730,865 | 62,365,159 | 51,806,470 |
Earnings Per Share | ||||
- Basic Earnings Per Share | 0.27 | 0.25 | 0.22 | 0.18 |
-03-
Raigam Wayamba Salterns PLC & Subsidiary Companies
STATEMENT OF OTHER COMPREHENSIVE INCOME
Group | Company | |||||
Rs. | Quarter ended 30th June | Quarter ended 30th June | ||||
2022 | 2021 | 2022 | 2021 | |||
(Un Audited) | (Un Audited) | (Un Audited) | (Un Audited) | |||
Profit for the Period | 77,409,704 | 71,730,865 | 62,365,159 | 51,806,470 | ||
Actuarial (Loss)/Gain on post Retirement Benefit Liability | - | - | - | - | ||
Revaluation Gain | - | - | - | - | ||
Income Tax on Other Comprehensive Income | - | - | - | - | ||
Total Comprehensive Income, Net of Tax | 77,409,704 | 71,730,865 | 62,365,159 | 51,806,470 |
-04-
Raigam Wayamba Salterns PLC & Subsidiary Companies
STATEMENT OF CHANGES IN EQUITY
Group | Stated | Revaluation | Retained | Total |
Capital | Reserve | Earnings | ||
Rs. | ||||
Balance as at 31st March 2021 (Audited) | 604,414,640 | 124,319,086 | 699,983,644 | 1,428,717,370 |
Profit for the Period | - | - | 247,795,082 | 247,795,082 |
Final Dividend for 2020/2021 | - | - | (28,220,732) | (28,220,732) |
Balance as at 31st March 2022 (Un Audited) | 604,414,640 | 124,319,086 | 919,557,994 | 1,648,291,720 |
Profit for the Period | - | - | 77,409,704 | 77,409,704 |
Balance as at 30 June 2022 (Un Audited) | 604,414,640 | 124,319,086 | 996,967,698 | 1,725,701,424 |
Company | Stated | Revaluation | Retained | Total |
Capital | Reserve | Earnings | ||
Rs. | ||||
Balance as at 31st March 2021 (Audited) | 604,414,640 | 98,607,739 | 580,402,051 | 1,283,424,430 |
Profit for the Period | - | - | 172,454,976 | 172,454,976 |
Final Dividend for 2020/2021 | - | - | (28,220,732) | (28,220,732) |
Balance as at 31st March 2022 (Un Audited) | 604,414,640 | 98,607,739 | 724,636,295 | 1,427,658,674 |
Profit for the Period | - | - | 62,365,159 | 62,365,159 |
Balance as at 30 June 2022 (Un Audited) | 604,414,640 | 98,607,739 | 787,001,454 | 1,490,023,833 |
-05-
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