INTERIM CONDENSED FINANCIAL STATEMENTS
THREE MONTHS ENDED 30TH JUNE 2024
WINDFORCE PLC, 334, T. B. JAYAH MAWATHA, COLOMBO 10, SRI LANKA
+94 112 697 151
WINDFORCE PLC | INTERIM CONDENSED FINANCIAL STATEMENT NINE MONTHS ENDED 31ST DECEMBER 2021
MANAGING DIRECTOR'S MESSAGE
Dear Shareholders,
We are pleased to present the Interim Report for WindForce PLC for the year ended June 30, 2024, highlighting our company's performance and progress.
Operational Highlights:
- During the quarter, WindForce recognised an income of LKR 634 million as billing under the standard power purchase agreement by the Ceylon Electricity Board (CEB). This significant amount has positively
impacted our financial standing for this period.
- We are thrilled to announce our remarkable success at the Presidential Environment Awards 2024, where WindForce PLC proudly secured the Gold Award for Solar and the Bronze Award for Hydro, recognizing our contributions to renewable energy and environmental conservation.
Financial Overview: The Group recorded a consolidated revenue of LKR 1.56 billion for the quarter ended June 30, 2024, reflecting a 28% growth compared to LKR 1.22 billion for the same period in 2023. The Group EBITDA recorded a remarkable growth of 83% compared to the previous year's same quarter. Further our bottom line for this quarter was LKR 652 million, representing a 27% year- on-year growth from LKR 514 million in the previous year. This growth is primarily attributed to the commissioning of the Hiruras 15 MW wind power plant in June/July 2023 and the income recognised as billing under the standard power purchase agreement from the CEB.
Sector-wise Performance:
Wind Sector: The wind sector saw a revenue increase of 37%, mainly due to the addition of the Hiruras wind plant in June/July 2023. However, other wind plants experienced a decline in electricity revenue due to delays in the wind season and a few reported breakdowns and failures during the period.
Solar Sector: The solar sector recorded an 6% decrease in revenue, primarily due to the Tororo Ugandan plants generation drop during the quarter (-9%), which is due to lower irradiation compared to the same quarter in previous year.
Hydro Sector: The hydro sector's electricity generation revenue increased by 67% compared to the same period last year. This growth is mainly due to the addition of Mahoma's revenue (74Mn), which is now considered a subsidiary of the group after gaining management control. Plants HPD, Energy Reclamation, and Melanka also performed well, with respective growths of 31%, 27%, and 19%, owing to higher rainfall in catchment areas.
WINDFORCE PLC | INTERIM CONDENSED FINANCIAL STATEMENT WINDFORCE PLC | INTERIM CONDENSED FINANCIAL STATEMENT
THREE MONTHS ENDED 30TH JUNE 2024
NINE MONTHS ENDED 31ST DECEMBER 2021
New Projects:
Kebitigollewa 10 MW Solar Power Project:
- The Kebitigollewa 10 MW Solar Power Project was commissioned as planned on July 19, 2024, with the opening ceremony to be held on August 7, 2024.
Rividhanavi 100 MW Solar Power Project: | |||||
• The | Rividhanavi | 100 | MW Solar Power | Project | |
in Siyambalanduwa is progressing well, with the | |||||
transmission | facility | foundation | construction, | ||
solar | park | facility | design, | and | engineering |
work | in | progress. | Discussions | with | finance |
providers | have | also | made | significant progress. |
Awards and Accolades
Presidential Environment Awards 2024
- Solar Universe (Pvt) Ltd 10MW won the
Gold trophy | for | renewable energy | generation in |
the Solar Power | project category for its excellent | ||
contribution | towards environmental | conservation. |
- The Bulathwatte mini hydropower plant was awarded the Bronze trophy of commendation in renewable energy generation in the mini hydropower project category for its excellent contribution towards environmental conservation.
In conclusion, we are proud of our achievements and remain committed to advancing our renewable energy initiatives. We thank our shareholders, employees, and stakeholders for their unwavering support.
Sincerely,
Manjula Perera
Managing Director
15th of August 2024
01
CONSOLIDATED INCOME STATEMENT
Three Months Ended 30th June | |||
2024 | 2023 | Change % | |
(Unaudited) | (Unaudited) | ||
Revenue | 1,567,338,299 | 1,226,496,918 | 28% |
Billing under the Standardized Power Purchase Agreement | 634,240,950 | - | 100% |
Direct Cost | (733,734,494) | (531,322,155) | 38% |
Gross Profit | 1,467,844,756 | 695,174,763 | 111% |
Other Operating Income | 7,872,749 | 16,452,793 | -52% |
Administration Expenses | (275,689,039) | (202,469,589) | 36% |
Goodwill Impairment (Note 01) | (390,000,000) | - | 100% |
Selling and Distribution Expenses | (702,593) | (1,437,546) | -51% |
Profit from Operating Activities | 809,325,873 | 507,720,422 | 59% |
Finance Income | 96,458,710 | 196,223,897 | -51% |
Finance Costs | (232,581,761) | (343,891,104) | -32% |
Profit from Ordinary Activities before taxation | 673,202,822 | 360,053,215 | 87% |
Share of results of equity accounted investee | 330,746,598 | 204,929,651 | 61% |
Profit before Taxation | 1,003,949,420 | 564,982,867 | 78% |
Income Tax Expenses | (221,576,729) | (50,719,371) | 337% |
Dividend Tax | (130,298,460) | - | 100% |
Profit after Taxation | 652,074,231 | 514,263,496 | 27% |
Attributable to: | |||
Non-controlling interests | 181,061,444 | 61,423,597 | 195% |
Equity holders of the parent | 471,012,788 | 452,839,899 | 4% |
652,074,231 | 514,263,496 | 27% | |
Other Comprehensive Income for the Period | |||
Net exchange diffrences on translation of foreign operations | 17,346,894 | (43,530,795) | -140% |
Net gain/(loss) on cash flow hedges | (6,211,069) | (33,319,903) | - 81% |
663,210,057 | 437,412,798 | 52% | |
Attributable to: | |||
Non-controlling interests | 181,061,444 | 61,423,597 | 195% |
Equity holders of the parent | 482,148,613 | 375,989,201 | 28% |
663,210,057 | 437,412,798 | 52% | |
LKR | LKR | ||
Earning per share | 0.35 | 0.34 | |
Note 01 Goodwill Impairment
During the financial year, the company conducted an impairment test on the goodwill that arose from a previous business combination. Based on the results of cash flow forecast, it was determined that the carrying amount of the goodwill exceeded its recoverable amount. Consequently, an impairment loss of Rs 390Mn has been recognized in the income statement under "Goodwill Impairment." This adjustment ensures that the goodwill is stated at its recoverable amount, reflecting the current economic conditions and the company's future outlook.
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 | |
WINDFORCE PLC | INTERIM CONDENSED FINANCIAL STATEMENT | |
THREE MONTHS ENDED 30TH JUNE 2024 | 02 |
NINE MONTHS ENDED 31ST DECEMBER 2021 |
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
Note:
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 : 15th of August, 2024
WINDFORCEPLC | INTERIMERIMCONDENSEDFINANCIAL STATEMENT
WINDFORCEPLC | INTERIM CONDENSED FINANCIALFINANCIALSTATEMEN EMENT
NINE MONTHS ENDED31ST DECEMBER2022
THREENINEMONTHSENDED30TH JUN 2024 2021
As at 30.06.2024 | As at 31.03.2024 |
Unaudited | Audited |
23,121,305,32323,017,694,969
119,730,087120,012,224
4,943,100,9054,800,283,018
223,660,000223,660,000
2,236,101,4612,618,865,381
30,643,897,77630,780,515,592
797,257,621681,734,713
14,605,77714,605,777
2,424,995,1902,489,759,541
124,839,180104,545,715
84,057,14162,228,820
63,508,66563,280,431
2,252,080,7152,087,181,530
2,166,421,2071,758,008,479
7,927,765,4967,261,345,006
38,571,663,27238,041,860,597
18,226,455,90418,226,455,904
4,649,513,2624,178,500,475
(14,523,605)(8,312,536)
614,886,979597,540,085
23,476,332,54122,994,183,928
2,580,159,5132,465,349,887
26,056,492,05425,459,533,816
6,323,373,1447,542,629,214
89,938,86385,231,461
2,018,441,9991,930,248,533
91,709,46495,766,227
8,523,463,4719,653,875,436
3,394,321,1732,418,039,792
4,720,5728,428,368
520,523,330444,270,036
11,607,3236,716,864
60,535,34250,996,286
3,991,707,7472,928,451,345
38,571,663,27238,041,860,597
17.38 | 17.02 |
03
CONSOLIDATED STATEMENT OF CASH FLOWS
As at 30.06.2024 | As at 30.06.2023 | |
Unaudited | Unaudited | |
Cash Flow from/(used) in Operating Activities | ||
Net Profit before Taxation | 1,003,949,420 | 564,982,867 |
Adjustments for | ||
Profit accuring to the group net of dividend | (330,746,598) | (204,929,651) |
Depreciation & Amortization | 413,789,880 | 286,309,028 |
Amortization of Right of use Asset | 3,229,254 | 2,698,456 |
Goodwill Impairment | 390,000,000 | - |
Foreign Exchange Gain Loss | (33,509,093) | 37,858,447 |
Interest Cost | 232,581,761 | 343,891,104 |
Gratuity Provision | 4,707,402 | 2,645,662 |
Dividend Income | (16,932,664) | (5,737,500) |
Interest Income | (96,458,710) | (169,429,709) |
Operating Profit before Working Capital Charges | 1,570,610,652 | 858,288,703 |
(Increase)/Decrease in Trade & Other Receivables | 44,470,886 | 937,184,615 |
(Increase)/Decrease in Inventories | (115,522,908) | (82,915,043) |
(Increase)/Decrease in Amounts due from Related Parties | (21,828,321) | (19,490,078) |
Increase/(Decrease) in Amounts due to Related Parties | 4,890,460 | - |
Increase/(Decrease) in Trade & Other Payables | 76,253,295 | (574,816,791) |
Cash Generated from/(used in) Operations | 1,558,874,062 | 1,118,251,406 |
Interest Paid | (232,581,761) | (314,022,657) |
WHT Paid | (1,226,741) | (4,147,850) |
Dividend Tax Paid | (130,298,460) | - |
Gratiuty Paid | - | (181,418) |
Income Tax Paid | (126,247,023) | (24,456,724) |
(490,353,985) | (342,808,649) | |
Net Cash from/(used in) Operating Activities | 1,068,520,077 | 775,442,757 |
Cash Flows from/(used in) Investing Activities | ||
Interest Income | 82,384,785 | 118,256,453 |
Dividend Income | 16,932,664 | 8,000,000 |
Acquisition of Property, Plant & Equipment | (353,386,469) | (623,079,064) |
Disposal of Property, Plant & Equipment | 61,050 | - |
Short Term Investments - Fixed Deposit | (164,899,185) | 135,452,402 |
Net Cash Flow from/(Used in) Investing Activities | (418,907,154) | (361,370,209) |
Cash Flows from/(used in) Financing Activities | ||
Net Proceeds/Repayments from Interest Bearing Borrowings | (250,739,248) | 395,457,041 |
Net Cash Flow from/ (Used in) Financing Activities | (250,739,248) | 395,457,041 |
Net Increase/(Decrease) in Cash and Cash Equivalents | 398,873,676 | 809,529,589 |
Cash and Cash Equivalents at the Beginning of the Period | 1,707,012,189 | (1,104,916,783) |
Cash and Cash Equivalents at the End of the Period | 2,105,885,865 | (295,387,194) |
Analysis of Cash and Cash Equivalents | ||
Cash at Bank - Favorable | 2,166,421,207 | 1,451,201,137 |
Bank Overdrafts | (60,535,342) | (1,746,588,330) |
2,105,885,865 | (295,387,194) | |
Note: | ||
The above figures are in LKR, unless otherwise stated. | ||
The figures in brackets indicate deductions. | ||
The above figures are not audited. |
WINDFORCE PLC | INTERIM | FINANCIAL STATEMENT | |
WINDFORCEWINDFORCEPLC || INTERIMRIMCONDECONDENSEDFINANCIALFINANCIALSTATEMENTSTATEMENT | ||
THREE MONTHS ENDED 30TH JUN | 2024 | 04 |
NINENINEMONTHSMONTHSENDEDENDED31ST DECEMBER20222021 |
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Stated | Cash Flow | Foreign | Ratained | Non- | Total | |
Hedge | Exchange | Controlling | ||||
Capital | Earnings | 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 | 64,652,635 | 64,652,635 | ||||
Foreign Currency Translation Reserve | - | - | (43,530,795) | - | (22,716,366) | (66,247,162) |
Net Profit for the Period | - | - | - | 452,839,899 | 61,423,597 | 514,263,496 |
Dividends - Ordinary Shares | - | - | - | - | - | |
Balance as at 30th June, 2023 | 18,226,455,904 | (33,319,903) | 700,852,436 | 4,400,686,613 | 2,417,314,584 | 25,711,989,634 |
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 | - | (6,211,069) | - | - | - | (6,211,069) |
Exchange difference on Transaction of foreign operation | - | - | 17,346,894 | - | 38,405,290 | 55,752,184 |
Share Allotment | 23,071,477 | 23,071,477 | ||||
Net Profit for the Period | - | - | - | 471,012,788 | 181,061,444 | 652,074,231 |
Dividends - Ordinary Shares | - | - | - | - | (127,728,585) | (127,728,585) |
Balance as at 30th June, 2024 | 18,226,455,904 | (14,523,605) | 614,886,979 | 4,649,513,262 | 2,580,159,513 | 26,056,492,054 |
Notes :
The above figures are in LKR, unless otherwise stated.
The figures in brackets indicate deductions.
The above figures are not audited.
PLC | INTERIM CONDENSED FINANCIAL STATEMENT | ||
WINDFORCE PLC||INTERIMCONDENSEDCONDENSEDFINANCIALANCIALSTATEMENTSTATEMENT | ||
THREE MONTHS | 30TH JUNE 2024 | 05 |
NINENINEMONTHSMONTHSENDED 31STDECEMBER20222021 |
COMPANY INCOME STATEMENT
Three Months Ended 30th June | |||
2024 | 2023 | Change % | |
(Unaudited) | (Unaudited) | ||
Revenue | 144,905,633 | 104,822,421 | 38% |
Direct Cost | (18,279,602) | (1,659,563) | 1001% |
Gross Profit | 126,626,031 | 103,162,858 | 23% |
Other Operating Income | 520,250 | 8,897,794 | -94% |
Administration Expenses | (188,994,363) | (121,742,382) | 55% |
Profit from Operating Activities | (61,848,082) | (9,681,730) | 539% |
Finance Income | 976,365,029 | 214,393,087 | 355% |
Finance Costs | (23,677,881) | (201,789,784) | -88% |
Profit before taxation | 890,839,064 | 2,921,572 | |
Income Tax Expenses | 2,397,744 | (10,948,085) | 122% |
Dividend Tax | (104,233,725) | - | 100% |
Profit after Taxation | 789,003,083 | (8,026,513) | |
Other comprehensive income for the period | |||
Net gain/(loss) on cash flow hedges | (6,211,069) | (33,319,903) | -81% |
Total comprehensive income for the period | 782,792,014 | (41,346,416) | |
Earning per share | 0.58 | (0.01) | |
Notes :
The above figures are in LKR, unless otherwise stated.
The figures in brackets indicate deductions.
The above figures are not audited.
WINDFORCEWINDFORCEPLCPLC| INTERIM| INTERIMCONDENSEDCONDENSEDFINANCIALFINANCIALSTATEMENTSTATEMENT
WINDFORCE PLC | INTERIM CONDENSED FINANCIAL STATEMENT
THREENINEMONTHSMONTHSENDEDENDED30TH31STJUNEDECEMBER2024 202206 NINE MONTHS ENDED 31ST DECEMBER 2021
COMPANY STATEMENT OF FINANCIAL POSITION
As at 30.06.2024 | As at 31.03.2024 | |
Unaudited | Audited | |
ASSETS | ||
Non-Current Assets | ||
Property, Plant and Equipment | 64,792,400 | 41,740,932 |
Right of use Assets | 3,721,666 | 5,117,287 |
Investments in Subsidiaries | 16,230,870,117 | 16,078,074,117 |
Investments in Equity Accounted Investees | 2,360,092,000 | 2,360,092,000 |
Non Current Financial Assets | 223,660,000 | 223,660,000 |
Intangible Assets | 1,329,006 | 1,491,666 |
Deferred Tax Assets | 18,936,709 | 16,538,965 |
Total Non-Current Assets | 18,903,401,898 | 18,726,714,967 |
Current Assets | ||
Inventory | 12,014,276 | 2,404,393 |
Trade and Other Receivables | 524,275,566 | 273,012,608 |
Intercompany Loan Receivables | 124,839,180 | 104,545,715 |
Amounts Due from Related Parties | 198,022,524 | 136,263,381 |
Income Tax Receivables | 90,228,924 | 80,414,447 |
Short Term Financial Assets | 2,187,305,643 | 2,022,506,601 |
Cash and Cash Equivalents | 414,375,643 | 347,725,473 |
Total Current Assets | 3,551,061,756 | 2,966,872,618 |
Total Assets | 22,454,463,654 | 21,693,587,581 |
EQUITY AND LIABILITIES | ||
Capital and Reserves | ||
Stated Capital | 18,226,455,904 | 18,226,455,904 |
Retained Earnings | 2,924,130,292 | 2,135,127,209 |
Cash Flow Hedge Reserve | (14,523,605) | (8,312,536) |
Total Equity | 21,136,062,591 | 20,353,270,577 |
Non Current Liabilities | ||
Interest Bearing Loans & Borrowings | 259,940,032 | 403,844,914 |
Retirement benefit obligations | 89,938,863 | 85,231,461 |
Total Non-Current Liabilities | 349,878,895 | 489,076,375 |
Current Liabilities | ||
Interest Bearing Loans & Borrowings | 502,075,743 | 496,126,837 |
Lease Liabilities | - | 3,707,796 |
Trade and Other Payables | 187,343,143 | 138,198,048 |
Amounts Due to Related Parties | 222,239,386 | 213,207,948 |
Bank Overdraft | 56,863,896 | - |
Total Current Liabilities | 968,522,168 | 851,240,628 |
Total Equity and Liabilities | 22,454,463,654 | 21,693,587,581 |
Net assets per share | 15.65 | 15.07 |
Notes : | ||
The above figures are in LKR, unless otherwise stated. | ||
The figures in brackets indicate deductions. |
PLC | INTERIM CONDENSED FINANCIAL STATEMEN | ||||
WINDFORCE PLC| INTERIM CONDENSED FINANCIAL STATEMENT | ||||
| INTERIM CONDENSED ANCIAL | EMENT | |||
THREE | 30TH JUN 2024 | 07 | ||
MONTHSENDED 31STDECEMBER | ||||
NINE | CEMBER 2021 | |||
NINE | 2022 |
COMPANY STATEMENT OF CASH FLOWS
As at 30.06.2024 | As at 30.06.2023 | |
Unaudited | Unaudited | |
Cash Flow from/( used) in Operating Activities | ||
Net Profit before Taxation | 890,839,064 | 2,921,572 |
Adjustments for | ||
Depreciation & Amortization | 5,887,326 | 5,356,952 |
Amortization of Right of use Asset | 1,395,621 | 1,178,566 |
Taxes Disallowed | 106,329 | - |
Unrealized Exchange (Gain)/ Loss | 4,579,684 | 34,659,247 |
Interest Cost | 23,677,881 | 201,789,784 |
Gratuity Provision | 4,707,402 | 2,645,662 |
Dividend Income | (929,927,715) | - |
Interest Income | (47,635,422) | (184,399,698) |
Operating Profit before Working Capital Charges | (46,369,829) | 64,152,086 |
(Increase)/Decrease in Inventory | (9,609,882) | - |
(Increase)/Decrease in Trade & Other Receivables | (250,334,571) | (135,742,276) |
(Increase)/Decrease in Amounts due from Related Parties | (82,052,608) | 404,296,202 |
Increase/(Decrease) in Amounts due to Related Parties | 9,031,438 | 26,244,102 |
Increase/(Decrease) in Trade & Other Payables | 49,145,095 | 31,006,721 |
(330,190,357) | 389,956,835 | |
Cash Generated from/(used in) Operations | ||
Interest Paid | (18,231,247) | (144,796,034) |
WHT Paid | (928,387) | (4,032,432) |
Dividend Tax Paid | (104,233,725) | - |
Gratiuty Paid | - | (181,418) |
(123,393,359) | (148,828,467) | |
Net Cash from/(used in) Operating Activities | (453,583,717) | 241,128,369 |
Cash Flows from/(used in) Investing Activities | ||
Interest Income | 32,624,879 | 92,969,466 |
Dividend Income | 929,927,715 | 17,721,925 |
Investment in subsidaries | (152,796,000) | (460,590,845) |
Acquisition of Property, Plant & Equipment | (28,776,133) | (9,293,378) |
Short Term Investments - Fixed Deposit | (164,799,043) | 139,234,184 |
Net Cash Flow from/(Used in) Investing Activities | 616,181,419 | (219,958,648) |
Cash Flows from/(used in) Financing Activities | ||
Foreign Exchange (Gain) / Loss | - | - |
Net Proceeds/Repayments from Interest Bearing Borrowings | (152,811,429) | (98,507,815) |
Net Cash Flow from/ (Used in) Financing Activities | (152,811,429) | (98,507,815) |
Net Increase/(Decrease) in Cash and Cash Equivalents | 9,786,273 | (77,338,095) |
Cash and Cash Equivalents at the Beginning of the Period | 347,725,474 | (1,462,942,210) |
Cash and Cash Equivalents at the End of the Period | 357,511,747 | (1,540,280,305) |
Analysis of Cash and Cash Equivalents | ||
Cash at Bank - Favorable | 414,375,643 | 235,494,039 |
Bank Overdrafts | (56,863,896) | (1,775,774,344) |
357,511,747 | (1,540,280,305) | |
Note: | ||
The above figures are in LKR, unless otherwise stated. | ||
The figures in brackets indicate deductions. | ||
The above figures are not audited. |
PLC | INTERIM CONDENSED | ||
WINDFORCEPLCPLC| INTERIM| INTERIMCONDENSEDFINANFINANCIALSTATEMSTATEMENT | 08 | |
NINE | ED 31ST DECEMBER 021 | |
THREENINEMONTHSENDED30TH31STJUNEDECEMBER2024 2022 |
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 | 64,652,635 | 64,652,635 | ||
Net Profit for the Period | - | (8,026,513) | (8,026,513) | |
Balance as at 30th June, 2023 | 18,226,455,904 | (33,319,903) | 1,003,077,505 | 19,196,213,506 |
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 | - | (6,211,069) | (6,211,069) | |
Net Profit for the Period | - | - | 789,003,083 | 789,003,083 |
Balance as at 30th June, 2024 | 18,226,455,904 | (14,523,605) | 2,924,130,292 | 21,136,062,591 |
Notes : | ||||
The above figures are in LKR, unless otherwise stated. | ||||
The figures in brackets indicate deductions. | ||||
The above figures are not audited. |
WINDFORCEWINDFORCEPLCPLC| INTERIM| INTERIMCONDENSEDFINANANCIALSTATEMEMENT WINDFORCE PLC | INTERIM CONDENSED FINANCIAL STATEMENT
THREENINEMONTHSENDED30TH31STJUNEDECEMBER2024 202209 NINE MONTHS ENDED 31ST DECEMBER 2021
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