Ramboda Falls PlcCSELK: RFL.N0000

Interim Financial Statements for the quarter ended 31st December 2024

Jun 26, 2025 at 10:00 PM UTC · Issued by Ramboda Falls PLC

RAMBODA FALLS PLC

INTERIM FINANCIAL STATEMENTS -03rd QUARTER Nine (09) MONTHS ENDED 31st DECEMBER 2024 RAMBODA FALLS PLC

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For the Nine Months ended 31st December

Three Months Ended 31st Nine Months Ended 31st December December 2024 2023 Variance 2024 2023 Variance

Rs. Rs. % Rs. Rs. % (Un-audited) (Audited) (Un-audited) (Audited)

Revenue 65,341,899 55,987,676 17151,248,632 122,578,141 23

Direct Cost (30,472,105) (27,409,973) 11 (76,820,377) (63,200,439) 22

Gross Profit 34,869,794 28,577,703 74,428,255 59,377,702

Other Operating Income	1,592,923	826,645
Administration & Other Expenses	(20,465,726)	(17,275,349)
Marketing & Selling Expenses	(2,518,903)	(1,910,842)

3,665,488	2,301,482
(58,502,079)	(50,072,840)
(7,363,403)	(5,166,333)

93 59

18 17

32 43

Profit / (Loss) From Operations 13,478,088 10,218,157 12,228,261 6,440,011

Finance Income	314,086	492,020
Finance Expenses	-	(12,622)

(36)1,973,805 1,930,886 2

(100) - (66,846) (100)

Net Finance Income/(Cost) 314,086 479,398 (34) 1,973,805 1,864,040 (6)

Income Tax Expences	(2,576,269)	(142,310)		(7,728,807) (542,751)
Profit / (Loss) for the Period	11,215,905	10,555,246	6	6,473,259 7,761,300
Other comprehensive income Items that are or may be reclassified
subsequently to profit ot loss
Remeasurement of Defined Benefit Obligation
Related tax on Remeasurement of Define Benef	-	-		- -
Revaluation Surplus	-	-		- -
Related Tax on Revaluation Surplus	-	- - -
Other Comphehencive Income for the year	-	- - -

Profit / (Loss) Before Taxation 13,792,174 10,697,555 29 14,202,066 8,304,051 71

(17)

Total Comprehensive Income/(loss) for the Period	11,215,905	10,555,246	6	6,473,259	7,761,300	(17)
Profit / (Loss) Per Share	0.56	0.53		0.32	0.39

RAMBODA FALLS PLC

STATEMENT OF FINANCIAL POSITION

As at 31st December ASSETS	2024 Rs.	2023 Rs.
Non-Current Assets Property, Plant & Equipment	641,929,414	656,300,365
Intangible Asset	-	-
Total Non Current Assets	641,929,414	656,300,365
Current Assets
Inventories	6,159,184	6,621,736
Trade & Other Receivables	11,815,493	9,699,189
Financial Assests Measured at Amortised Cost	13,138,671	-
Cash & Cash Equivalents	46,990,920	40,707,621
Total Current Assets	78,104,268	57,028,546
TOTAL ASSETS	720,033,682	713,328,911
EQUITY AND LIABILITIES
Equity Stated Capital	100,000,020	100,000,020
Revaluation Reserve	320,920,574	320,920,574
Retained Earnings	87,360,385	82,425,367
Total Equity	508,280,979	503,345,960
Non-Current Liabilities Retirement Benefit Obligation	3,273,596	3,350,447
Interest Bearings Loans & Borrowings	-	1,040,699
Deferred Tax Liability	171,538,444	173,165,521
Total Non-Current Liabilities	174,812,040	177,556,668
Current Liabilities Trade & Other Payables	32,135,831	28,521,967
Interest Bearings Loans & Borrowings	699,026	1,523,156
Income Tax Payable	3,248,154	860,188
Dividend Payable	791,522	652,627
Bank Overdrafts	66,129	868,345
Total Current Liabilities	36,940,662	32,426,283
Total Liabilities	211,752,703	209,982,951
TOTAL EQUITY & LIABILITIES	720,033,682	713,328,911
Net assets per share	25.41	25.17

I certify that the financial statements comply with the requirements of the Companies Act No. 7 of 2007.

Kasun Wickramage

Accountant

………………..

The Board of Directors is responsible for the preparation and presentation of these financial statements approved and signed for and on behalf of the Board.

………………..

J.A.D. Viraj Rasanga Mathews George

Director Director

13/02/2025

RAMBODA FALLS PLC

STATEMENT OF CHANGES IN EQUITY

For the Nine Months ended 31st December 2024	Stated Capital Rs.	Revaluation Reserve Rs.	Retained Earnings Rs.	Total Equity Rs.
As at 01st April, 2023	100,000,020	320,920,574	74,664,066	495,584,660
Total comprehensive income for the period
Profit for the year	-	-	16,649,219	16,649,219
Other comprehensive income	-		(426,159)	(426,159)
Realization on Revalued assets diposal		-	-
Total comprehensive income for the period	-	-	16,223,060	16,223,060
Transactions with owners - Contributions & Distributions
Dividend Paid	-	-	-	-
Total transactions with owners	-	-	-	-

As at 31st March, 2024 100,000,020 320,920,574 90,887,126 511,807,720

As at 01stApril, 2024	100,000,020	320,920,574	90,887,126	511,807,720
Total comprehensive income for the period
Profit for the period	-	-	6,473,259	6,473,259
Other comprehensive income	-	-	-	-
Total comprehensive income for the period	-	-	6,473,259	6,473,259
Transactions with owners - Contributions & Distributions
Dividend Paid	-	-	(10,000,000)	(10,000,000)
Total transactions with owners	-	-	(10,000,000)	(10,000,000)

As at 31st December 2024	100,000,020	320,920,574	87,360,385	508,280,979
Figures in brackets indicate deductions.

RAMBODA FALLS PLC

STATEMENT OF CASH FLOW

For the Nine Months ended 31st December	2024	2023
	Rs.	Rs.
Cash Flows from Operating Activities
Profit before taxation	14,202,066	8,304,051
Adjustments for:
Depreciation on property, Plant & Equipment	16,893,441	16,111,225
Amortisation of Intangible Asset	-	27,722
Finance Cost	-	66,846
Interest Income	(2,334,356)	(1,879,951)
Profit on Sales of Property Plant & Equipment	-	(233,333)
Operating Profit before Working Capital Changes	28,761,151	22,396,559
(Increase)/decrease in Inventories	1,625,637	(583,064)
(Increase)/decrease in Trade & other Receivables	7,455,260	963,940
Increase/(decrease) in Trade & other Creditors	2,295,468	8,352,169
Cash generated from/ (used in) operation Less:	40,137,517	31,129,604
Interest Paid	-	(66,846)
Income tax paid	(15,329,054)	(466,384)
Gratuity Paid	(1,600,000)	0
Net cash generated from operating activities	23,208,464	30,596,375
Cash flows from/ (used in) investing activities
Purchase and Construction of Property, Plant & Equipment	(7,103,368)	(22,750,106)
Sales of Property Plant & Equipment	-	4,400,001
Interest received	2,334,356	1,879,951
Investment In Fixed Deposit	(5,609,171)
Net cash used in investing activities	(10,378,182)	(16,470,154)
Cash flows from financing activities
Divident Paid	(9,861,106)	-
Repayment of Interest Bearing Borrowings	-	(2,400,300)
Principal Payment under Finance Lease Liabilities	(743,071)	(743,067)
Net cash flows (used in) from financing activities	(10,604,177)	(3,143,367)
Net Increase/(Decrease) in Cash & Cash Equivalents	2,226,104	10,982,854
Cash & Cash Equivalents at the Beginning of the Period	44,698,687	28,856,423
Cash & Cash Equivalents at the End of the Period	46,924,791	39,839,277
Analysis of cash and cash equivalents
Cash at bank	44,231,517	32,071,527
Cash in hand	2,759,403	8,636,095
Bank Overdraft	(66,129)	(868,345)

46,924,791 39,839,277

Corporate Information

Name of the Company	Ramboda Falls PLC
Status &Legal Form	A quoted Public Company with limited liability incorporated in Sri Lanka
Company Registration No.	PV/PB 8234 PQ
VAT Registration No.	114173339-7000
Registered Office	No.76, Rock Fall Estate, Nuwara-Eliya Road, Ramboda, Sri Lanka. Web: https://www.rambodafalls.com Email: rambodafall@gmail.com
Board of Directors	Mr. K.L. Yeoh - Executive Chairman Mr. J. A.D.Viraj Rasanga - Executive Director Mr. M. George - Executive Director Ms. Y.S. Lee - Non-Executive Director Mr. M.M.M.Amsath- Independent Non-Executive Director Mr. B.A.N.N.K. Perera - Independent Non-Executive Director Mr. J.T.D. David- Non-Executive Director Mr. S.J. Chandrasena- Senior Independent Non-Executive Director
Secretaries & Registrars	SSP Corporate Services (Pvt) Limited, No. 101, Inner Flower Road, Colombo 03.
External Auditor	KPMG, Chartered Accountants, 32A, Sir Mahamed Macan Markar Mawatha, P O Box 186, Colombo 03.
Internal Auditor	Wannigama Associates Chartered Accountants No. 41/25/111, Sampathpura, Watareka, Meegoda.
Bankers	Hatton National Bank PLC Sampath Bank PLC PEOPLE'S BANK

Share Holders Information

Share Price Movements during the period Price Rs.

High 39.00

Lowest 26.10

Closing 34.80

20 Major shareholders of the Company as at 31st December 2024

No	Name of the Shareholder	No. of Shares	Shareholding (%)
1	Mr. K L Yeoh	12,938,371.00	64.69
2	Mr. I J A Karunarathna	1,880,700.00	9.4
3	Mr. P D Panagoda	1,382,675.00	6.91
4	Mr. L S Sigera	751,427.00	3.76
5	Mrs. L D H Sigera	751,425.00	3.76
6	Ms. L D N Sigera	751,425.00	3.76
7	Mr. P T Karunarathne	296,928.00	1.48
8	Ms. S H Karunarathne	293,753.00	1.47
9	Mrs. P Gin	190,130.00	0.95
10	Mr. Igarashi	100,000.00	0.5
11	Mr. U D M Fernando	48,714.00	0.24
12	Mr. R T S Fernando	36,394.00	0.18
13	Ms. R M I P Ranasinghe	30,692.00	0.15
14	Mr. G C Goonetileke	30,500.00	0.15
15	Mr. N A Withana	26,200.00	0.13
16	Mr. P N C Gomes	25,000.00	0.13
17	Mr. S Ishizuka	24,679.00	0.12
18	Mrs. S C R Thambimuttu	20,827.00	0.1
19	Mr. P Sarathchandra	20,000.00	0.1
20	Mr. N D Wickramasinghe	20,000.00	0.1
		19,619,840.00	98.08
	Others	380,160.00	1.92
	Total	20,000,000.00	100

Share Holding as at 31st December 2024

Public Holding %		25.90%
Directors shareholding		64.69%
Holding of 5% or More		9.41%
Total		100.00%
Float adjusted market capitalization	Rs.	180,296,329.00
Total No. of Shareholders representing the public Holding		628

The float adjusted market capitalization as at 31stDecember 2024 is Rs. 180 million and minimum public holding requirement is compliant with option-2 as per Sec 7.13.1 (b) of the Listing Rule of CSE.

Directors Shareholding as at 31st December 2024

Name of the Director	No. of Shares	Shareholding (%)
Mr. K L Yeoh	12,938,371.00	64.69
Mr. J A D Viraj Rasanga	-	0
Ms. Y S Lee	-	0
Mr.M George	-	0
Mr. M M M Amsath	-	0
Mr. B A N N K Perera	-	0
Mr. J T D David	-	0
Mr. S J Chandrasena	-	0
Total	12,938,371.00	64.69

RAMBODA FALLS PLC

NOTES TO THE FINANCIAL STATEMENTS

Reporting Entity
Ramboda Falls PLC, ("the Company") is a Company domiciled in Sri Lanka. The shares of the
Company have a primary listing on the Colombo Stock Exchange.
The address of the registered office and the principal place of the business is situated No. 76, Rock Fall Estate, Nuwaraeliya Road, Ramboda.
The Principle activity of the Company is hoteliering and leisure related activities.
Basis of Preparation
The interim financial statements of the Company have been prepared in accordance with the same accounting policies and methods of computations as in the most recent audited financial statements and are in compliance with the Sri Lanka Accounting Standard (LKAS- 34) Interim Financial Reporting.
Stated Capital
The Number of Shares representing the Stated Capital 20,000,000 Ordinary Shares.
Seasonality or Cyclicality of Operation
There was no Seasonality / Cyclicality impact on the operations of the company which need to be disclosed.
Segment Information
There was no Segment information in accordance with the SLFRS 8 (Operating Segments) Standard.
Events Occurring After the End of the Reporting Period
To the date of financial position, no circumstances have arisen which would require adjustment to or disclosure in the financial statements.
Capital Commitments and Contingencies

There have been no Contingent Liabilities and Capital Commitments outstanding as at the end of the reporting period.

https://www.rambodafalls.com

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