MANAGING DIRECTOR'S MESSAGE
Dear stakeholders,
We are pleased to present the Interim Report for the period ended 31st December 2024, highlighting WindForce PLC's strong financial performance, sectoral growth, and key milestones.
Financial Performance:
WindForce PLC recorded consolidated revenue of LKR 5.37 billion, reflecting a 16% year-on-year increase from LKR 4.62 billion in 2023. EBITDA grew by 37% to LKR 5.07 billion, up from LKR 3.69 billion in the previous year. Net profit surged to LKR 2.05 billion, marking a 22% increase, driven by the commissioning of the Hiruras 15MW Wind Power Plant (June/July 2023) and the Kebitigollewa 10MW Solar Plant (July 2024). Additionally, income from CEB's Standard Power Purchase Agreement contributed LKR 708 million.
Sectoral Performance:
- Wind Sector: Revenue grew by 7%, primarily due to the Hiruras wind plant addition. However, some wind plants saw a decline in electricity revenue due to lower wind speeds and operational issues.
- Solar Sector: The solar segment posted a 15% revenue growth, supported by the Kebitigollewa Solar Plant and the acquisition of Solar Universe in August 2024.
- Hydro Sector: The hydro sector demonstrated remarkable 44% revenue growth, driven by the Mahoma acquisition (January 2024), adding LKR 269 million in revenue. Terraqua Kokawita also saw a 35% increase in power generation due to higher rainfall. However, revenue for Terraqua International and Peak Power declined as they entered the next operational tariff phase.
New Project Developments:
1. Rividhanavi 100MW Solar Project - Siyambalanduwa
• Engineering and design work in progress.
• Transmission line foundations 60% and Tower erection 20% completed.
• Project financing finalized.
• minor delays in land lease agreements.
2. Sooryashakthi 10MW Solar Project
- Over 50% of module structures completed.
- Delivery of key equipment underway, ensuring on- schedule progress.
Awards & Recognitions:
WindForce PLC's commitment to excellence and sustainability was recognized with multiple industry accolades:
-
CMA Excellence in Integrated Reporting Awards 2024
- First Runner-Up in the Power/Electricity Sector and Certificate of Compliance. - TAGS Awards 2024 - Certificate of Recognition for Sustainability Reporting and Certificate of Compliance in the Power & Energy Sector.
Conclusion:
This quarter marks strong financial growth, strategic sectoral expansion, and continued leadership in renewable energy. WindForce PLC remains dedicated to sustainable energy solutions, enhancing shareholder value, and driving long-term industry growth.
Sincerely,
Manjula Perera
Managing Director
14th of February 2025
WINDFORCE PLC | INTERIM CONDENSED FINANCIAL STATEMENT | 01 |
NINE MONTHS ENDED 31ST DECEMBER 2024 |
CONSOLIDATED INCOME STATEMENT
Three Months Ended 31st December | Nine Months Ended 31st December |
2024 | |
(Unaudited) | |
Revenue | 1,419,931,670 |
Billing under the Standardized Power Purchase Agreement | - |
Direct Cost | (750,942,873) |
Gross Profit | 668,988,797 |
Other Operating Income | 22,098,734 |
Administration Expenses | (322,759,289) |
Goodwill Impairment | - |
Selling and Distribution Expenses | (1,916,254) |
Profit from Operating Activities | 366,411,988 |
Finance Income | 109,855,482 |
Finance Costs | (277,674,448) |
Profit from Ordinary Activities before taxation | 198,593,022 |
Share of results of equity accounted investee | 3,876,016 |
Profit before Taxation | 202,469,038 |
Income Tax Expenses | (2,812,464) |
Dividend Tax | (11,184,196) |
Profit after Taxation | 188,472,379 |
Attributable to : | |
Non-controlling interests | 108,196,453 |
Equity holders of the parent | 80,275,926 |
188,472,379 | |
Other Comprehensive Income for the Period | |
Net exchange diffrences on translation of foreign operations | 13,650,975 |
Net gain/(loss) on cash flow hedges | 6,440,240 |
208,563,594 | |
Attributable to : | |
Non-controlling interests | 108,196,453 |
Equity holders of the parent | 100,367,141 |
208,563,594 | |
LKR | |
Earning per share | 0.06 |
Notes:
The above figures are in LKR, unless otherwise stated.
The figures in brackets indicate deductions.
The above figures are not audited.
2023 | Change % | 2024 | 2023 | Change % |
(Unaudited) | (Unaudited) | (Unaudited) | ||
1,270,044,065 | 12% | 5,372,650,059 | 4,621,082,661 | 16% |
- | - | 708,478,303 | - | 100% |
(705,047,775) | 7% | (2,432,284,165) | (1,909,484,292) | 27% |
564,996,290 | 18% | 3,648,844,197 | 2,711,598,369 | 35% |
11,997,894 | 84% | 522,759,393 | 39,309,647 | 1230% |
(271,125,418) | 19% | (934,258,231) | (724,047,632) | 29% |
- | (390,000,000) | - | 100% | |
(4,391,599) | -56% | (3,537,681) | (7,302,384) | -52% |
301,477,166 | 22% | 2,843,807,678 | 2,019,558,000 | 41% |
51,754,394 | 112% | 311,447,946 | 378,345,160 | -18% |
(294,318,372) | -6% | (776,564,808) | (1,024,373,301) | -24% |
58,913,189 | 237% | 2,378,690,816 | 1,373,529,859 | 73% |
165,203,049 | -98% | 480,278,849 | 568,112,963 | -15% |
224,116,238 | -10% | 2,858,969,664 | 1,941,642,823 | 47% |
(125,403,586) | -98% | (649,917,745) | (260,849,559) | 149% |
- | 100% | (162,748,014) | - | 100% |
98,712,652 | 91% | 2,046,303,905 | 1,680,793,264 | 22% |
(7,797,168) | 1488% | 410,400,302 | 142,329,689 | 188% |
106,509,820 | -25% | 1,635,903,603 | 1,538,463,574 | 6% |
98,712,652 | 91% | 2,046,303,905 | 1,680,793,264 | 22% |
95,040,683 | -86% | (50,715,585) | 263,253,019 | -119% |
(3,381,317) | 290% | 11,558,623 | 43,228,698 | -73% |
190,372,018 | 10% | 2,007,146,943 | 1,987,274,981 | 1% |
(7,797,168) | 1488% | 410,400,302 | 142,329,689 | 188% |
198,169,186 | -49% | 1,596,746,641 | 1,844,945,292 | -13% |
190,372,018 | 10% | 2,007,146,943 | 1,987,274,981 | 1% |
LKR | LKR | LKR | ||
0.08 | 1.21 | 1.14 |
WINDFORCE PLC | INTERIM CONDENSED FINANCIAL STATEMENT | 02 |
NINE MONTHS ENDED 31ST DECEMBER 2024 |
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
ASSETS
Non-Current Assets
Property, Plant and Equipment
Right of use Assets
Investments in Equity Accounted Investees
Non Current Financial Assets
Intangible Assets
Total Non-Current Assets
Current Assets
Inventory
Other Non Financial Assets
Trade and Other Receivables
Inter company loan receivables
Amounts Due from Related Parties
Income Tax Receivable
Short Term Financial Assets
Cash and Cash Equivalents
Total Current Assets
Total Assets
EQUITY AND LIABILITIES
Capital and Reserves
Stated Capital
Retained earnings
Cash flow hedge reserve
Foreign exchange reserve
Equity attributable to equity holders of the company
Non Controlling Interest
Total Equity
Non Current Liabilities
Interest Bearing Loans & Borrowings
Retirement benefit obligations
Deferred tax liabilities
Lease Liabilities
Total Non-Current Liabilities
Current Liabilities
Interest Bearing Loans & Borrowings
Lease Liabilities
Trade and Other Payables
Amounts Due to Related Parties
Bank Overdraft
Total Current Liabilities
Total Equity and Liabilities
Net assets per share (LKR)
Notes:
The above figures are in LKR, unless otherwise stated.
The figures in brackets indicate deductions.
The Financial Statements are in compliance with the requirements of the Companies Act No. 07 of 2007
Chief Financial Officer
Rusiri Cooray
The Board of Directors is responsible for the preparation and presentation of these Financial Statements. Signed for and on behalf of the Board by:
Director | Director |
Asgi Akbarally | Manjula Perera |
Date of approval by the Board : 14th February 2025 |
WINDFORCE PLC | INTERIM CONDENSED FINANCIAL STATEMENT
NINE MONTHS ENDED 31ST DECEMBER 2024
As at 31.12.2024 | As at 31.03.2024 |
Unaudited | Audited |
24,329,152,070 | 23,017,694,969 |
152,476,492 | 120,012,224 |
4,309,770,465 | 4,800,283,018 |
223,660,000 | 223,660,000 |
2,300,333,567 | 2,618,865,381 |
31,315,392,594 | 30,780,515,592 |
939,917,033 | 681,734,713 |
14,605,777 | 14,605,777 |
2,456,033,020 | 2,489,759,541 |
- | 104,545,715 |
63,634,939 | 62,228,820 |
5,209,327 | 63,280,431 |
4,648,269,623 | 2,087,181,530 |
1,555,972,149 | 1,758,008,479 |
9,683,641,868 | 7,261,345,006 |
40,999,034,462 | 38,041,860,597 |
18,226,455,904 | 18,226,455,904 |
5,814,404,078 | 4,178,500,475 |
3,246,087 | (8,312,536) |
546,824,500 | 597,540,085 |
24,590,930,569 | 22,994,183,928 |
3,261,209,642 | 2,465,349,887 |
27,852,140,211 | 25,459,533,816 |
7,362,147,523 | 7,542,629,214 |
100,513,852 | 85,231,461 |
2,180,179,926 | 1,930,248,533 |
109,943,010 | 95,766,227 |
9,752,784,311 | 9,653,875,436 |
2,802,445,203 | 2,418,039,792 |
27,295,224 | 8,428,368 |
547,682,510 | 444,270,036 |
5,629,698 | 6,716,864 |
11,057,301 | 50,996,286 |
3,394,109,939 | 2,928,451,345 |
40,999,034,462 | 38,041,860,597 |
18.21 | 17.02 |
03
CONSOLIDATED STATEMENT OF CASH FLOWS
As at 31.12.2024 | |
(Unaudited) | |
Cash Flow from/(used) in Operating Activities | |
Net Profit before Taxation | 2,858,969,664 |
Adjustments for | |
Profit accruing to the Group net of Dividend | (480,278,849) |
Depreciation & Amortization | 1,339,150,464 |
Amortization of Right of use Asset | 16,562,633 |
Goodwill Impairment | 390,000,000 |
Loss/ (Gain) on Fixed Asset Disposal | (485,419,470) |
Foreign Exchange Gain / Loss | (172,020,132) |
Interest Cost | 776,564,808 |
Gratuity Provision | 15,534,430 |
Dividend Income | (55,400,094) |
Profit on other project | - |
Interest Income | (256,047,852) |
Operating Profit before Working Capital Charges | 3,947,615,604 |
(Increase)/Decrease in Trade & Other Receivables | 38,526,879 |
(Increase)/Decrease in Inventories | (258,182,319) |
(Increase)/Decrease in Amounts due from Related Parties | 103,139,596 |
Increase/(Decrease) in Amounts due to Related Parties | (1,087,166) |
Increase/(Decrease) in Trade & Other Payables | 103,412,475 |
Cash Generated from/(used in) Operations | 3,933,425,068 |
Interest Paid | (776,564,808) |
WHT Paid | (4,800,359) |
Dividend Tax Paid | (162,748,014) |
Gratuity Paid | (252,039) |
Income Tax Paid | (435,534,974) |
(1,379,900,195) | |
Net Cash from/(used in) Operating Activities | 2,553,524,873 |
Cash Flows from/(used in) Investing Activities | |
Interest Income | 241,930,471 |
Dividend Income | 55,400,094 |
Acquisition Subsidiaries, Net of Cash | (90,590,494) |
Acquisition of Property, Plant & Equipment | (1,543,291,195) |
Disposal of Property, Plant & Equipment | 1,491,177,412 |
Acquisition Subsidiaries, Net of Cash | 1,117,317,736 |
Investment in associates | - |
Short Term Investments - Fixed Deposit | (2,561,088,093) |
Net Cash Flow from/(Used in) Investing Activities | (1,289,144,069) |
Cash Flows from/(used in) Financing Activities | |
Dividend paid for equity holders of parent | - |
Dividend paid for non controlling interest | (239,008,753) |
Net Proceeds/Repayments from Interest Bearing Borrowings | (1,187,469,397) |
Cash on other project | - |
Net Cash Flow from/ (Used in) Financing Activities | (1,426,478,150) |
Net Increase/(Decrease) in Cash and Cash Equivalents | (162,097,347) |
Cash and Cash Equivalents at the Beginning of the Period | 1,707,012,193 |
Cash and Cash Equivalents at the End of the Period | 1,544,914,847 |
Analysis of Cash and Cash Equivalents | |
Cash at Bank - Favorable | 1,555,972,149 |
Bank Overdrafts | (11,057,301) |
1, 544,914,847 |
Notes:
The above figures are in LKR, unless otherwise stated.
The figures in brackets indicate deductions.
The above figures are not audited.
WINDFORCE PLC | INTERIM CONDENSED FINANCIAL STATEMENT
NINE MONTHS ENDED 31ST DECEMBER 2024
As at 31.12.2023
(Unaudited)
1,941,642,823
(568,112,963)
1,237,119,851
-
-
-
43,228,698
1,024,373,301
10,382,880
(59,291,024)
(205,500)
(319,054,136)
3,310,083,930
2,510,811,193
(18,141,695)
39,174,322
3,352,442
(579,877,262)
5,265,402,930
(980,460,646)
-
-
(1,839,916)
(314,942,225)
(1,297,242,787)
3,968,160,143
319,054,136
59,291,024
-
(924,331,378)
-
-
(150,000,000)
908,683,617
212,697,399
(1,242,304,482)
-
110,384,147
205,500
(1,131,714,835)
3,049,142,706
(1,104,916,779)
1,944,225,927
2,001,470,891
(57,244,964)
1,944,225,927
04
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Stated | Cash Flow | Foreign | Retained | Non- | Total | |
Capital | Hedge | Exchange | Earnings | Controlling | Equity | |
Reserve | Reserve | Interest | ||||
Balance as at 01st April, 2023 | 18,226,455,904 | (97,972,538) | 744,383,231 | 3,947,846,714 | 2,378,607,359 | 25,199,320,670 |
Net Gain/(loss) on cash flow hedges | - | 43,228,698 | - | - | - | 43,228,698 |
Exchange difference on Transaction of foreign operation | - | - | 263,253,019 | - | (14,303,891) | 248,949,128 |
Net Profit for the Period | - | - | - | 1,538,463,574 | 142,329,689 | 1,680,793,263 |
Dividends - Ordinary Shares | - | - | - | (1,242,304,482) | - | (1,242,304,482) |
Balance as at 31st December, 2023 | 18,226,455,904 | (54,743,840) | 1,007,636,250 | 4,244,005,807 | 2,506,633,157 | 25,929,987,277 |
Balance as at 01st April, 2024 | 18,226,455,904 | (8,312,536) | 597,540,085 | 4,178,500,475 | 2,465,349,887 | 25,459,533,816 |
Net Gain/(loss) on cash flow hedges | - | 11,558,623 | - | - | - | 11,558,623 |
Exchange difference on Transaction of foreign operation | - | - | (50,715,585) | - | 17,271,354 | (33,444,231) |
Acqusition of Non Controlling interest | - | - | - | - | 607,196,852 | 607,196,852 |
Net Profit for the Period | - | - | - | 1,635,903,603 | 410,400,302 | 2,046,303,905 |
Dividends - Ordinary Shares | - | - | - | - | (239,008,753) | (239,008,753) |
Balance as at 31st December, 2024 | 18,226,455,904 | 3,246,087 | 546,824,500 | 5,814,404,078 | 3,261,209,642 | 27,852,140,211 |
Notes:
The above figures are in LKR, unless otherwise stated.
The figures in brackets indicate deductions.
The above figures are not audited.
WINDFORCE PLC | INTERIM CONDENSED FINANCIAL STATEMENT | 05 |
NINE MONTHS ENDED 31ST DECEMBER 2024 |
COMPANY INCOME STATEMENT
Three Months Ended 31st December | Nine Months Ended 31st December | |||||
2024 | 2023 | Change % | 2024 | 2023 | Change % | |
(Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | |||
Revenue | 106,930,439 | 115,092,860 | -7% | 361,407,266 | 311,621,803 | 16% |
Direct Cost | (7,799,024) | (3,508,090) | 122% | (51,046,681) | (11,209,327) | 355% |
Gross Profit | 99,131,415 | 111,584,770 | -11% | 310,360,585 | 300,412,476 | 3% |
Other Operating Income | 905,763 | 300,000 | 202% | 1,602,678 | 10,032,560 | -84% |
Administration Expenses | (199,687,923) | (185,395,856) | 8% | (602,334,495) | (468,081,453) | 29% |
Profit from Operating Activities | (99,650,746) | (73,511,086) | 36% | (290,371,232) | (157,636,417) | 84% |
Finance Income | 326,083,429 | 589,524,251 | -45% | 1,564,974,641 | 1,627,299,531 | -4% |
Finance Costs | (39,342,222) | (40,741,002) | -3% | (84,096,756) | (318,771,156) | -74% |
Profit before taxation | 187,090,460 | 475,272,163 | -61% | 1,190,506,653 | 1,150,891,958 | 3% |
Income Tax Expenses | 2,218,690 | (60,128,453) | 104% | 7,140,046 | (79,552,420) | 109% |
Dividend Tax | (37,686,542) | - | 100% | (174,504,908) | 100% | |
Profit after Taxation | 151,622,609 | 415,143,710 | -63% | 1,023,141,791 | 1,071,339,539 | -4% |
Other comprehensive income for the period | ||||||
Net gain/(loss) on cash flow hedges | 6,440,240 | (3,381,317) | 290% | 11,558,623 | 43,228,698 | -73% |
Total comprehensive income for the period | 158,062,849 | - | -62% | 1,034,700,414 | - | -7% |
411,762,393 | 1,114,568,237 | |||||
LKR | LKR | LKR | LKR | |||
Earning per share | 0.11 | 0.31 | 0.76 | 0.79 | ||
Notes:
The above figures are in LKR, unless otherwise stated.
The figures in brackets indicate deductions.
The above figures are not audited.
WINDFORCE PLC | INTERIM CONDENSED FINANCIAL STATEMENT | 06 |
NINE MONTHS ENDED 31ST DECEMBER 2024 |
COMPANY STATEMENT OF FINANCIAL POSITION
As at 31.12.2024 | |
Unaudited | |
ASSETS | |
Non-Current Assets | |
Property, Plant and Equipment | 154,637,557 |
Right of use Assets | 17,852,500 |
Investments in Subsidiaries | 16,719,575,117 |
Investments in Equity Accounted Investees | 1,950,092,000 |
Non Current Financial Assets | 223,660,000 |
Intangible Assets | 974,006 |
Deferred Tax Assets | 23,983,933 |
Total Non-Current Assets | 19,090,775,113 |
Current Assets | |
Inventory | 51,326,656 |
Trade and Other Receivables | 509,226,235 |
Intercompany Loan Receivables | - |
Amounts Due from Related Parties | 150,264,683 |
Income Tax Receivables | 90,227,202 |
Short Term Financial Assets | 3,216,714,219 |
Cash and Cash Equivalents | 462,613,541 |
Total Current Assets | 4,480,372,537 |
Total Assets | 23,571,147,649 |
EQUITY AND LIABILITIES | |
Capital and Reserves | |
Stated Capital | 18,226,455,904 |
Retained Earnings | 3,158,269,000 |
Cash Flow Hedge Reserve | 3,246,087 |
Total Equity | 21,387,970,991 |
Non Current Liabilities | |
Interest Bearing Loans & Borrowings | 123,311,251 |
Lease Liabilities | 5,350,189 |
Retirement benefit obligations | 100,513,852 |
Total Non-Current Liabilities | 229,175,292 |
Current Liabilities | |
Interest Bearing Loans & Borrowings | 366,289,444 |
Lease Liabilities | 14,326,320 |
Trade and Other Payables | 68,777,794 |
Amounts Due to Related Parties | 1,494,176,772 |
Bank Overdraft | 10,431,036 |
Total Current Liabilities | 1,954,001,367 |
Total Equity and Liabilities | 23,571,147,649 |
Net assets per share (LKR) | 15.83 |
Notes:
The above figures are in LKR, unless otherwise stated.
The figures in brackets indicate deductions.
As at 31.03.2024
Audited
41,740,932
5,117,287
16,078,074,117
2,360,092,000
223,660,000
1,491,666
16,538,965
18,726,714,968
2,404,393
273,012,608
104,545,715
136,263,381
80,414,447
2,022,506,601
347,725,473
2,966,872,618
21,693,587,581
18,226,455,904
2,135,127,209
(8,312,536)
20,353,270,577
403,844,914
-
85,231,461
489,076,375
496,126,837
3,707,796
138,198,048
213,207,948
-
851,240,628
21,693,587,581
15.07
WINDFORCE PLC | INTERIM CONDENSED FINANCIAL STATEMENT | 07 |
NINE MONTHS ENDED 31ST DECEMBER 2024 |
COMPANY STATEMENT OF CASH FLOWS
As at 31.12.2024 | As at 31.12.2023 | |
(Unaudited) | (Unaudited) | |
Cash Flow from/( used) in Operating Activities | ||
Net Profit before Taxation | 1,190,506,653 | 1,150,891,958 |
Adjustments for | ||
Depreciation & Amortization | 24,777,257 | 20,334,198 |
Amortization of Right of use Asset | 10,342,076 | - |
Unrealized Exchange (Gain)/ Loss | (12,635,497) | 43,228,698 |
Interest Cost | 84,096,756 | 318,771,156 |
Gratuity Provision | 15,534,430 | 10,382,880 |
Dividend Income | (1,417,635,984) | (1,263,811,878) |
Interest Income | (152,058,884) | (356,137,931) |
Operating Profit before Working Capital Charges | (257,073,193) | (76,340,919) |
(Increase)/Decrease in Inventory | (48,922,263) | - |
(Increase)/Decrease in Trade & Other Receivables | (232,434,016) | 340,400,399 |
(Increase)/Decrease in Amounts due from Related Parties | 90,544,413 | 549,244,365 |
Increase/(Decrease) in Amounts due to Related Parties | 1,280,968,825 | (17,539,482) |
Increase/(Decrease) in Trade & Other Payables | (69,420,253) | 9,751,113 |
763,663,512 | 805,515,476 | |
Cash Generated from/(used in) Operations | ||
Interest Paid | (84,096,756) | (318,771,156) |
Income Tax Paid | (304,922) | (114,582,704) |
WHT Paid | (3,779,610) | - |
Dividend Tax Paid | (174,504,908) | - |
Gratuity Paid | (252,039) | (1,839,916) |
(262,938,236) | (435,193,777) | |
Net Cash from/(used in) Operating Activities | 500,725,276 | (370,321,699) |
Cash Flows from/(used in) Investing Activities | ||
Interest Income | 152,058,884 | 356,137,931 |
Dividend Income | 1,417,635,984 | 1,263,811,878 |
Investment in Subsidaries | (231,501,000) | (984,563,787) |
Investment in Associates | - | (150,000,000) |
Acquisition of Property, Plant & Equipment | (160,233,510) | (55,100,988) |
Short Term Investments - Fixed Deposit | (1,194,207,619) | 1,031,973,243 |
Net Cash Flow from/(Used in) Investing Activities | (16,247,260) | 1,462,258,277 |
Cash Flows from/(used in) Financing Activities | ||
Net Proceeds/Repayments from Interest Bearing Borrowings | (380,020,985) | (190,050,409) |
Net Cash Flow from/ (Used in) Financing Activities | (380,020,985) | (190,050,409) |
Net Increase/(Decrease) in Cash and Cash Equivalents | 104,457,031 | 1,642,529,567 |
Cash and Cash Equivalents at the Beginning of the Period | 347,725,473 | (1,462,942,211) |
Cash and Cash Equivalents at the End of the Period | 452,182,505 | 179,587,356 |
Analysis of Cash and Cash Equivalants | ||
Cash at Bank - Favorable | 462,613,541 | 179,757,557 |
Bank Overdrafts | (10,431,036) | (170,201) |
452,182,505 | 179,587,356 |
Notes:
The above figures are in LKR, unless otherwise stated.
The figures in brackets indicate deductions.
The above figures are not audited.
WINDFORCE PLC | INTERIM CONDENSED FINANCIAL STATEMENT | 08 |
NINE MONTHS ENDED 31ST DECEMBER 2024 |
COMPANY STATEMENT OF CHANGES IN EQUITY
Stated Capital | Cash Flow Hedge | Retained Earnings | Total Equity | |
Reserve | ||||
Balance as at 01st April, 2023 | 18,226,455,904 | (97,972,538) | 1,011,104,014 | 19,139,587,380 |
Net Gain/(Loss) on cash flow hedges | - | 43,228,698 | - | 43,228,698 |
Net Profit for the Period | - | - | 1,071,339,539 | 1,071,339,539 |
Balance as at 31st December, 2023 | 18,226,455,904 | (54,743,840) | 2,082,443,557 | 20,254,155,621 |
Balance as at 01st April, 2024 | 18,226,455,904 | (8,312,536) | 2,135,127,209 | 20,353,270,577 |
Net loss on cash flow hedges | - | 11,558,623 | - | 11,558,623 |
Net Profit for the Period | - | - | 1,023,141,791 | 1,023,141,791 |
Balance as at 31st December, 2024 | 18,226,455,904 | 3,246,087 | 3,158,269,000 | 21,387,970,991 |
Notes:
The above figures are in LKR, unless otherwise stated.
The figures in brackets indicate deductions.
The above figures are not audited.
WINDFORCE PLC | INTERIM CONDENSED FINANCIAL STATEMENT | 09 |
NINE MONTHS ENDED 31ST DECEMBER 2024 |
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