12thJune 2025
Mr Renuke Wijewardhana, Chief Operating Officer. Colombo Stock Exchange
Level 4 West Tower World Trade Centre, Echelon Square Colombo 1
Dear Sir,
Tess Agro PLC - Interim Report for the year ended 31st March 2025 Further to the submission of our Interim Report for the year ended 31stMarch 2025, we found that there were a few errors in page 2 of the balance sheet submitted to you.
Previous | Amended | |
Un-Audited | Un-Audited | |
Period Ended | Period Ended | |
31stMar. 2025 | 31stMar. 2025 | |
Rs. | Rs. | |
CURRENT ASSETS | ||
Cash & Cash Equivalents | 259,647,285 | 255,630,532 |
Total Current Assets | 393,398,171 | 389,381,418 |
TOTAL ASSETS | 1,002,023,128 | 998,006,376 |
NON CURRENT LIABILITIES | ||
Interest Bearing Loans & Borrowings | 225,098,400 | |
Total Non Current Liabilities | 54,407,010 | 279,505,410 |
CURRENT LIABILIITES | ||
Current Portion of Borrowings | 220,300,281 | 88,401,414 |
Amount Due To Related Parties | 290,050,000 | 290,012,010 |
Total Current Liabilities | 554,913,981 | 378,413,424 |
TOTAL EQUITY & LIABILITIES | 904,844,832 | 998,006,376 |
Please find attached herewith an Errata for your kind reference Thankyou
Yours Faithfully TESS AGRO PLC
Dilshan Fernando Director/CEO
Balance Sheet
Previous | Amendment | |
Un-Audited | Un-Audited | |
Period Ended | Period Ended | |
31stMar. 2025 | 31stMar. 2025 | |
Rs. | Rs. | |
ASSETS | ||
NON CURRENT ASSETS | ||
Property , Plant & Equipment | 390,445,550 | 390,445,550 |
Investment Property | 90,763,619 | 90,763,619 |
Intangible Assets | 24,398 | 24,398 |
Differed Tax Assets | 20,129 | 20,129 |
Biological Assets | 2,194,289 | 2,194,289 |
Right of Use Assets | 124,719,950 | 124,719,950 |
Other Non Current Financial Assets | 457,023 | 457,023 |
CURRENT ASSETS | 608,624,958 | 608,624,958 |
Inventories | 55,119,475 | 55,119,475 |
Trade and Other Receivables Net | 42,548,585 | 42,548,585 |
Other Current Assets | 36,082,827 | 36,082,827 |
Cash & Cash Equivalents | 259,647,285 | 255,630,532 |
393,398,172 | 389,381,418 | |
TOTAL ASSETS | 1,002,023,130 | 998,006,376 |
EQUITY & LIABILITIES | ||
Equity | ||
Stated Capital | 670,517,907 | 670,517,907 |
Retained Earnings | (423,156,219) | (423,156,219) |
Reserves | 49,549,154 | 49,549,154 |
Deffered Revenue Expenditure | (1,387,001) | (1,387,001) |
Total Equity | 295,523,841 | 295,523,841 |
NON CURRENT LIABILITIES | ||
Interest Bearing Loans & Borrowings | 225,098,400 | |
Deferred Tax Liability | 46,449,434 | 46,449,434 |
Deposit-Rent | 7,576,150 | 7,576,150 |
Retirement Benefit Obligations | 381,426 | 381,426 |
CURRENT LIABILIITES | 54,407,010 | 279,505,410 |
Trade and Other Payables | 12,699,508 | 12,699,508 |
Current Portion of Borrowings | 220,300,281 | 88,401,414 |
Amount Due To Related Parties | 290,050,000 | 290,012,010 |
Short Term Borrowings | 30,930,602 | 30,930,602 |
Other Current Liabilities | - | - |
Bank Overdrafts | 933,590 | 933,590 |
554,913,981 | 422,977,124 | |
TOTAL EQUITY & LIABILITIES | 904,844,832 | 998,006,376 |
-
-
No of Ordinary Shares | 743,729,716 | 743,729,716 | |
Net assets value per share | 0.40 | 0.40 | |
Market value per share Voting - Qtr. | - Highest | 1.10 | 1.10 |
- Lowest | 0.90 | 0.90 | |
- Closing | 1.00 | 1.00 | |
Market value per share Non Voting - Qtr. | - Highest | 0.70 | 0.70 |
- Lowest | 0.50 | 0.50 | |
- Closing | 0.60 | 0.60 |
The above figures are provisional and subject to audit
D.Fernando Ms. S.D. Fernando
Chairman/CEO Director
Date 21.05.2025
Figures in the brackets indicate deductions.