RAMBODA FALLS PLC
INTERIM FINANCIAL STATEMENTS -04th QUARTER TWELVE (12) MONTHS ENDED 31st MARCH 2025 RAMBODA FALLS PLCSTATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
For the Twelve Months ended 31st March
Three Months Ended 31st Twelve Months Ended 31st March March 2025 2024 Variance 2025 2024 VarianceRs. Rs. % Rs. Rs. % (Un-audited) (Audited) (Un-audited) (Audited)
Revenue 91,017,991 76,509,963 19242,266,623 198,984,153 22
Direct Cost (58,079,997) (38,080,978) 53 (134,900,374) (119,091,579) 13
Gross Profit | 32,937,994 | 38,428,985 |
Other Operating Income | 2,554,715 | 2,236,231 |
Administration & Other Expenses | (9,443,656) | (20,715,264) |
Marketing & Selling Expenses | 4,010,649 | (1,875,208) |
Profit / (Loss) From Operations | 30,059,702 | 18,074,744 |
Finance Income | 1,945,355 | (162,624) |
Finance Expenses | (918,478) | (3,213) |
107,366,249 | 79,892,574 |
6,220,203 | 4,752,469 |
(67,945,735) | (58,344,415) |
(3,352,754) | (2,490,462) |
42,287,963 | 23,810,166 |
3,919,160 | 2,732,636 |
14 31
(54) 16
(314) 35
(1296) 43
28488 (918,478) (671,874) 37
Net Finance Income/(Cost) 1,026,877 (165,836) (719) 3,000,682 2,060,762 (46)Income Tax Expences | (12,481,528) (2,500,000) (20,210,335) (9,221,709) |
Profit / (Loss) for the Period | 18,605,051 15,408,908 21 25,078,311 16,649,219 |
Other comprehensive income Items that are or may be reclassified subsequently to | |
profit ot loss | |
Remeasurement of Defined Benefit Obligation | (203,074) (608,798) |
Related tax on Remeasurement of Define Benefit Obligation | - - 182,639 |
Revaluation Surplus | - - - - |
Related Tax on Revaluation Surplus | - - - - |
Other Comphehencive Income for the year , net of tax | - - (203,074) (426,159) |
51
Total Comprehensive Income/(loss) for the Period 18,605,051 15,408,90821
24,875,237 16,223,060 53Profit / (Loss) Per Share 0.93 0.77 1.25 0.83
RAMBODA FALLS PLC
STATEMENT OF FINANCIAL POSITION
As at 31st March ASSETS | 2025 Rs. | 2024 Rs. | |
Non-Current Assets Property, Plant & Equipment | 638,640,699 | 651,719,487 | |
Total Non Current Assets | 638,640,698 | 651,719,487 | |
Current Assets Inventories | 7,460,802 | 7,784,821 | |
Trade & Other Receivables | 26,555,738 | 19,270,753 | |
Financial Assets Measured at Amortised Cost | 17,485,912 | 7,529,500 | |
Cash & Cash Equivalents | 66,559,034 | 44,711,018 | |
Total Current Assets | 118,061,487 | 79,296,092 | |
TOTAL ASSETS | 756,702,185 | 731,015,579 | |
EQUITY AND LIABILITIES Equity Stated Capital | 100,000,020 | 100,000,020 | |
Revaluation Reserve | 320,920,574 | 320,920,574 | |
Retained Earnings | 105,762,363 | 90,887,126 | |
Total Equity | 526,682,957 | 511,807,720 | |
Non-Current Liabilities Retirement Benefit Obligation | 4,778,574 | 4,873,597 | |
Interest Bearings Loans & Borrowings | - | 583,696 | |
Deferred Tax Liability | 173,387,497 | 171,538,445 | |
Total Non-Current Liabilities | 178,166,071 | 176,995,738 | |
Current Liabilities Trade & Other Payables | 39,760,270 | 29,840,363 | |
Interest Bearings Loans & Borrowings | - | 858,400 | |
Income Tax Payable | 11,304,360 | 10,848,400 | |
Dividend Payable | 788,527 | 652,627 | |
Bank Overdrafts | - | 12,331 | |
Total Current Liabilities | 51,853,157 | 42,212,121 | |
Total Liabilities | 230,019,228 | 219,207,859 | |
TOTAL EQUITY & LIABILITIES | 756,702,185 | 731,015,579 | |
Net assets per share | 26.33 | 25.59 |
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
29/05/2025
RAMBODA FALLS PLC
STATEMENT OF CHANGES IN EQUITY
For the Twelve Months ended 31st March 2025 | 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 | - | - | 25,078,311 | 25,078,311 |
Other comprehensive income | - | - | (203,074) | (203,074) |
Total comprehensive income for the period | - | - | 24,875,237 | 24,875,237 |
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 March 2025 | 100,000,020 | 320,920,574 | 105,762,363 | 526,682,957 |
Figures in brackets indicate deductions. |
RAMBODA FALLS PLC
STATEMENT OF CASH FLOW
For the Twelve Months ended 31st March | 2025 | 2024 |
Rs. | Rs. | |
Cash Flows from Operating Activities | ||
Profit before taxation | 45,288,646 | 25,870,928 |
Adjustments for: | ||
Depreciation on property, Plant & Equipment | 22,556,396 | 21,704,425 |
Amortisation of Intangible Asset | - | 27,722 |
Provision for Employee Benefits | 1,489,904 | 914,351 |
Finance Cost | 115,174 | 302,910 |
Interest Income | (3,247,284) | (2,732,636) |
Profit on Sales of Property Plant & Equipment | - | (233,333) |
Provision For Bad Debts | - | 59,287 |
Unrealized Exchange Loss | - | 580,000 |
Operating Profit before Working Capital Changes | 66,202,836 | 46,493,654 |
(Increase)/decrease in Inventories | 324,019 | (1,746,149) |
(Increase)/decrease in Trade & other Receivables | (7,284,985) | (8,413,175) |
Increase/(decrease) in Trade & other Creditors | 9,919,907 | 9,670,563 |
Cash generated from/ (used in) operation Less: | 69,161,778 | 46,004,893 |
Interest Paid | (115,174) | (302,910) |
Income tax paid | (17,905,324) | (601,566) |
Gratuity Paid | (1,788,000) | 0 |
Net cash generated from operating activities | 49,353,280 | 45,100,417 |
Cash flows from/ (used in) investing activities | ||
Purchase and Construction of Property, Plant & Equipment | (9,477,607) | (9,928,445) |
Sales of Property Plant & Equipment | - | 4,400,000 |
Purchase of Capital Work In Progress | - | (13,833,981) |
Interest received | 3,247,284 | 2,478,899 |
Investment In Fixed Deposit | (9,956,412) | (8,109,500) |
Net cash used in investing activities | (16,186,735) | (24,993,027) |
Cash flows from financing activities | ||
Divident Paid | (9,864,101) | - |
Repayment of Interest Bearing Borrowings | - | (2,932,700) |
Principal Payment under Finance Lease Liabilities | (1,442,096) | (1,332,426) |
Net cash flows (used in) from financing activities | (11,306,197) | (4,265,126) |
Net Increase/(Decrease) in Cash & Cash Equivalents | 21,860,348 | 15,842,264 |
Cash & Cash Equivalents at the Beginning of the Period | 44,698,687 | 28,856,423 |
Cash & Cash Equivalents at the End of the Period | 66,559,034 | 44,698,687 |
Analysis of cash and cash equivalents | ||
Cash at bank | 65,162,092 | 42,060,392 |
Cash in hand | 1,396,942 | 2,650,626 |
Bank Overdraft | - | (12,331) |
66,559,034 | 44,698,687 |
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 |
|
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 38.00
Lowest 27.20
Closing 28.00
20 Major shareholders of the Company as at 31st March 2025
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 | 292,502.00 | 1.46 |
8 | Ms. S H Karunarathne | 276,824.00 | 1.38 |
9 | Mrs.H P Gin | 190,130.00 | 0.95 |
10 | Mr.T Igarashi | 100,000.00 | 0.5 |
11 | Mr. U D M Fernando | 48,714.00 | 0.24 |
12 | Mr. R T S Fernando | 34,994.00 | 0.17 |
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.V N D Wickramasinghe | 20,000.00 | 0.1 |
19,597,085.00 | 97.96 | ||
Others | 402,915.00 | 2.04 | |
Total | 20,000,000.00 | 100 |
Share Holding as at 31st March 2025
Public Holding % | 25.90% | |
Directors shareholding | 64.69% | |
Holding of 5% or More | 9.41% | |
Total | 100.00% | |
Float adjusted market capitalization | Rs. | 145,066,012.00 |
Total No. of Shareholders representing the public Holding | 641 |
The float adjusted market capitalization as at 31stMarch 2025 is Rs. 145 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 March 2025
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
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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.
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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.
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Stated Capital
The Number of Shares representing the Stated Capital 20,000,000 Ordinary Shares.
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Seasonality or Cyclicality of Operation
There was no Seasonality / Cyclicality impact on the operations of the company which need to be disclosed.
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Segment Information
There was no Segment information in accordance with the SLFRS 8 (Operating Segments) Standard.
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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