INTERIM CONDENSED FINANCIAL STATEMENTS
THREE MONTHS ENDED 30TH SEPTEMBER 2022
Raigam Wayamba Salterns PLC & Subsidiary Company
STATEMENT OF FINANCIAL POSITION
Rs. | Group | Company | |||||
As at | 30.09.2022 | 31.03.2022 | 30.09.2022 | 31.03.2022 | |||
ASSETS | (Un Audited) | (Audited) | (Un Audited) | (Audited) | |||
Non-Current Assets | |||||||
Property, Plant and Equipment | 631,575,544 | 637,841,227 | 522,150,466 | 529,487,582 | |||
Intangible Assets | 4,542,572 | 5,059,215 | 4,542,572 | 3,212,425 | |||
Right of Use Assets | 16,947,417 | 17,293,300 | 5,557,185 | 5,875,795 | |||
Investments in Subsidiaries | - | - | 85,140,226 | 85,140,226 | |||
653,065,534 | 660,193,742 | 617,390,449 | 623,716,028 | ||||
Current Assets | |||||||
Inventories | 468,643,333 | 241,849,349 | 149,784,065 | 135,308,434 | |||
Trade and other Receivables | 562,327,227 | 432,434,686 | 825,038,225 | 471,906,231 | |||
Held to Maturity Financial Assets | 574,915,620 | 514,634,975 | 574,915,620 | 514,634,975 | |||
Cash and Cash Equivalents | 113,012,512 | 108,378,280 | 53,283,989 | 52,065,016 | |||
1,718,898,691 | 1,297,297,290 | 1,603,021,899 | 1,173,914,656 | ||||
Total Assets | 2,371,964,225 | 1,957,491,032 | 2,220,412,348 | 1,797,630,684 | |||
EQUITY AND LIABILITIES | |||||||
Stated Capital | 604,414,640 | 604,414,640 | 604,414,640 | 604,414,640 | |||
Revaluation Reserve | 124,319,085 | 124,319,086 | 98,607,740 | 98,607,740 | |||
Retained Earnings | 1,055,320,716 | 890,581,758 | 851,631,373 | 727,295,097 | |||
1,784,054,441 | 1,619,315,484 | 1,554,653,753 | 1,430,317,477 | ||||
Non-Current Liabilities | |||||||
Defined Benefit Obligation | |||||||
24,755,573 | 23,848,374 | 21,446,648 | 20,835,336 | ||||
Deferred Tax Liability | 32,141,602 | 32,080,418 | 24,823,403 | 24,823,403 | |||
Interest Bearing Loans and Borrowings | 12,965,255 | 13,616,827 | 1,524,644 | 2,127,516 | |||
69,862,429 | 69,545,619 | 47,794,695 | 47,786,255 | ||||
Current Liabilities | |||||||
Trade and Other Payables | 479,409,770 | 230,317,547 | 582,128,544 | 288,340,621 | |||
Income Tax Payable | 37,072,276 | 26,758,820 | 34,270,048 | 22,788,853 | |||
Interest Bearing Loans and Borrowings | 1,565,309 | 2,249,470 | 1,565,309 | 1,888,248 | |||
Bank Overdraft | - | 9,304,092 | - | 6,509,230 | |||
518,047,355 | 268,629,929 | 617,963,901 | 319,526,952 | ||||
Total Equity and Liabilities | 2,371,964,225 | 1,957,491,032 | 2,220,412,348 | 1,797,630,684 | |||
Net Assets per Share | 6.32 | 5.74 | 5.51 | 5.07 | |||
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 resposible 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 |
14-Nov-22 Colombo
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Raigam Wayamba Salterns PLC & Subsidiary Company
INCOME STATEMENT
Rs.000 | |||||||||
Group | Company | ||||||||
September | September | Quarter ended 30th September | September | ||||||
2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | ||
(Un Audited) | (Un Audited) | (Un Audited) | (Un Audited) | (Un Audited) | (Un Audited) | (Un Audited) | (Un Audited) | ||
Revenue | 528,546,567 | 227,150,923 | 892,130,460 | 500,760,858 | 480,388,589 | 216,479,822 | 800,339,844 | 473,814,131 | |
Cost of Sales | (321,328,510) | (117,246,262) | (548,697,660) | (261,586,965) | (313,426,350) | (144,497,419) | (519,145,221) | (304,852,630) | |
Gross Profit | 207,218,056 | 109,904,661 | 343,432,799 | 239,173,893 | 166,962,240 | 71,982,403 | 281,194,624 | 168,961,501 | |
Administrative Expenses | (31,564,513) | (22,247,787) | (53,774,434) | (43,319,909) | (22,434,816) | (16,819,853) | (40,700,806) | (32,696,878) | |
Selling and Distribution Costs | (48,038,870) | (22,769,929) | (72,829,951) | (46,940,309) | (43,431,788) | (20,295,898) | (67,935,316) | (41,964,679) | |
Results From Operating | 127,614,673 | 64,886,945 | 216,828,414 | 148,913,675 | 101,095,635 | 34,866,652 | 172,558,501 | 94,299,944 | |
Activities | |||||||||
Finance Cost | (913,959) | (342,615) | (1,034,803) | (707,735) | (230,963) | - | (350,007) | (20,854) | |
Finance Income | 33,082,076 | 5,215,636 | 38,763,198 | 9,328,021 | 28,412,084 | 4,533,067 | 33,495,275 | 8,596,581 | |
Net Finance (Cost) / Income | 32,168,117 | 4,873,021 | 37,728,395 | 8,620,286 | 28,181,120 | 4,533,067 | 33,145,267 | 8,575,727 | |
Profit Before Tax | 159,782,790 | 69,759,966 | 254,556,809 | 157,533,961 | 129,276,756 | 39,399,719 | 205,703,769 | 102,875,671 | |
Income Tax Expense | (30,122,438) | (12,828,778) | (47,486,753) | (28,871,908) | (24,974,541) | (7,363,933) | (39,036,395) | (19,033,416) | |
Profit for the Period | 129,660,352 | 56,931,188 | 207,070,056 | 128,662,053 | 104,302,215 | 32,035,786 | 166,667,374 | 83,842,255 | |
Earnings Per Share | |||||||||
- Basic Earnings Per Share | 0.46 | 0.20 | 0.73 | 0.46 | 0.37 | 0.11 | 0.59 | 0.30 | |
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Raigam Wayamba Salterns PLC & Subsidiary Company
STATEMENT OF OTHER COMPREHENSIVE INCOME
Group | Company | ||||||||
Quarter ended 30th September | Six months ended 30th | Quarter ended 30th September | Six months ended 30th | ||||||
September | September | ||||||||
Rs. | |||||||||
2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | ||
(Un Audited) | (Un Audited) | (Un Audited) | (Un Audited) | (Un Audited) | (Un Audited) | (Un Audited) | (Un Audited) | ||
Profit for the Period | 129,660,352 | 56,931,188 | 207,070,056 | 128,662,053 | 104,302,215 | 32,035,786 | 166,667,374 | 83,842,255 | |
Total Comprehensive Income, Net of Tax | 129,660,352 | 56,931,188 | 207,070,056 | 128,662,053 | 104,302,215 | 32,035,786 | 166,667,374 | 83,842,255 | |
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Raigam Wayamba Salterns PLC & Subsidiary Company
STATEMENT OF CHANGES IN EQUITY
Group | Stated | Revaluation | Retained | Total |
Rs. | Capital | Reserve | Earnings | |
Balance as at 31st March 2021 (Audited) | 604,414,640 | 124,319,086 | 699,983,644 | 1,428,717,370 |
Profit for the Period | - | - | 215,590,447 | 215,590,447 |
Final Dividend for 2020/2021 | (28,220,732) | (28,220,732) | ||
Other Comprehensive Income | 3,228,399 | 3,228,399 | ||
Balance as at 31st March 2022 (Audited) | 604,414,640 | 124,319,086 | 890,581,758 | 1,619,315,484 |
Final Dividend for 2021/2022 | (42,331,098) | (42,331,098) | ||
Profit for the Period | - | - | 207,070,056 | 207,070,056 |
Balance as at 30th September 2022 (Un Audited) | 604,414,640 | 124,319,086 | 1,055,320,716 | 1,784,054,442 |
Company | Stated Capital | Revaluation | Retained | Total |
Rs. | Reserve | Earnings | ||
Balance as at 31st March 2021 (Audited) | 604,414,640 | 98,607,740 | 580,402,051 | 1,283,424,431 |
Profit for the Period | - | - | 171,557,412 | 171,557,412 |
Final Dividend for 2020/2021 | - | - | (28,220,732) | (28,220,732) |
Other Comprehensive Income | - | - | 3,556,366 | 3,556,366 |
Balance as at 31st March 2022 (Audited) | 604,414,640 | 98,607,740 | 727,295,097 | 1,430,317,477 |
Final Dividend for 2021/2022 | (42,331,098) | (42,331,098) | ||
Profit for the Period | - | - | 166,667,374 | 166,667,374 |
Balance as at 30th September 2022 (Un Audited) | 604,414,640 | 98,607,740 | 851,631,373 | 1,554,653,753 |
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