C T HOLDINGS PLC
CONDENSED INTERIM FINANCIAL STATEMENTS
FOR THE NINE MONTHS ENDED
31 DECEMBER 2022
Contents
Statement of profit or loss and other comprehensive income - Group | 01 |
Statement of profit or loss and other comprehensive income - Company | 02 |
Statement of financial position | 03 |
Statement of changes in equity | 04 |
Statement of cash flows | 05 |
Segment information | 06 |
Explanatory notes | 08 |
Corporate information | IBC |
01
Statement of Profit or Loss and
Other Comprehensive Income
Group | |||||||||||
For the three months ended | For the nine months ended | ||||||||||
31-Dec | 31-Dec | Var. | 31-Dec | 31-Dec | Var. | ||||||
2022 | 2021 | % | 2022 | 2021 | % | ||||||
In thousands of rupees | |||||||||||
Revenue | 50,047,279 | 37,480,982 | 34.00 | 147,458,275 | 96,041,039 | 54.00 | |||||
Cost of sales | (43,900,243) | (32,716,843) | (34.00) | (130,349,711) | (85,139,466) | (53.00) | |||||
Gross profit | 6,147,036 | 4,764,139 | 29.00 | 17,108,564 | 10,901,573 | 57.00 | |||||
Other income | 611,233 | 550,555 | 11.00 | 1,816,798 | 1,597,399 | 14.00 | |||||
Distribution expenses | (1,503,373) | (1,163,355) | (29.00) | (4,446,476) | (2,840,653) | (57.00) | |||||
Administrative expenses | (1,453,013) | (1,538,563) | 6.00 | (4,185,754) | (3,940,018) | (6.00) | |||||
Results from operating activities | 3,801,883 | 2,612,776 | 46.00 | 10,293,132 | 5,718,301 | 80.00 | |||||
Finance income | 130,382 | 45,536 | 186.00 | 601,661 | 120,444 | 400.00 | |||||
Finance expenses | (2,143,455) | (811,461) | (164.00) | (5,140,706) | (2,244,390) | (129.00) | |||||
Net finance costs | (2,013,073) | (765,925) | (163.00) | (4,539,045) | (2,123,946) | (114.00) | |||||
Share of profit / (loss) of associates, net of tax | 159,700 | 26,198 | 510.00 | 51,851 | (70,142) | 174.00 | |||||
Profit before taxation | 1,948,510 | 1,873,049 | 4.00 | 5,805,938 | 3,524,213 | 65.00 | |||||
Tax on profit for the period | (1,106,509) | (487,221) | (127.00) | (2,149,281) | (896,443) | (140.00) | |||||
Profit after tax on profit | 842,001 | 1,385,828 | (39.00) | 3,656,657 | 2,627,770 | 39.00 | |||||
Tax effect of dividends paid to equity holders | (148,583) | (85,435) | (74.00) | (358,627) | (261,872) | (37.00) | |||||
Profit for the period | 693,418 | 1,300,393 | (47.00) | 3,298,030 | 2,365,898 | 39.00 | |||||
Other comprehensive income - net of tax | |||||||||||
Items that will not be re-classified subsequently to profit or loss: | |||||||||||
Net change in fair value of FVOCI financial assets | (48,906) | 29,968 | (263.00) | 111,102 | 24,002 | 363.00 | |||||
Profit from sale of investments | - | - | - | - | 4,709 | (100.00) | |||||
Share of other comprehensive income of associates | (43,990) | (26,131) | (68.00) | (76,776) | (52,693) | (46.00) | |||||
Tax on other comprehensive income | (259,489) | - | (100.00) | (259,489) | - | (100.00) | |||||
Total other comprehensive income - net of tax | (352,385) | 3,837 | (9,284.00) | (225,163) | (23,982) | (839.00) | |||||
Total comprehensive income | 341,033 | 1,304,230 | (74.00) | 3,072,867 | 2,341,916 | 31.00 | |||||
Profit for the period attributable to
Owners of the parent | 462,796 | 867,922 | (47.00) | 2,155,548 | 1,574,817 |
Non-controlling Interest | 230,622 | 432,471 | (47.00) | 1,142,482 | 791,081 |
Profit for the period | 693,418 | 1,300,393 | (47.00) | 3,298,030 | 2,365,898 |
Total comprehensive income attributable to | |||||
Owners of the parent | 190,757 | 868,808 | (78.00) | 1,991,114 | 1,545,612 |
Non-controlling Interest | 150,276 | 435,422 | (65.00) | 1,081,753 | 796,304 |
Total comprehensive income | 341,033 | 1,304,230 | (74.00) | 3,072,867 | 2,341,916 |
Earnings per share (Rs.) | 2.30 | 4.31 | (47.00) | 10.70 | 7.82 |
Dividends per share (Rs.) | 2.45 | 1.55 | *5.45 | **4.45 |
- Final dividend for the year 2021/22 and interim dividend for the year 2022/23
- Final dividend for the year 2020/21 and interim dividend for the year 2021/22
37.00
44.00
39.00
29.00
36.00
31.00
37.00
PLC | Financial Statements 31 December 2022 |
C T HOLDINGS | Condensed Interim |
02
Statement of Profit or Loss and
Other Comprehensive Income
Company | |||||||||
For the three months ended | For the nine months ended | ||||||||
31-Dec | 31-Dec | Var. | 31-Dec | 31-Dec | Var. | ||||
2022 | 2021 | % | 2022 | 2021 | % | ||||
In thousands of rupees | |||||||||
Revenue | - | - | - | - | - | - | |||
Cost of sales | - | - | - | - | - | - | |||
Gross profit | - | - | - | - | - | - | |||
Other income | 643,670 | 375,879 | 71.00 | 1,561,746 | 1,120,749 | 39.00 | |||
Distribution expenses | - | - | - | - | - | - | |||
Administrative expenses | (33,512) | (25,796) | (30.00) | (85,516) | (76,752) | (11.00) | |||
Results from operating activities | 610,158 | 350,083 | 74.00 | 1,476,230 | 1,043,997 | 41.00 | |||
Finance income | 7,292 | 847 | 761.00 | 11,263 | 3,245 | 247.00 | |||
Finance expenses | (18,957) | (20,282) | 7.00 | (52,683) | (27,075) | (95.00) | |||
Net finance costs | (11,665) | (19,435) | 40.00 | (41,420) | (23,830) | (74.00) | |||
Profit before taxation | 598,493 | 330,648 | 81.00 | 1,434,810 | 1,020,167 | 41.00 | |||
Tax on profit for the period | (5) | - | - | (5) | - | - | |||
Profit for the period | 598,488 | 330,648 | 81.00 | 1,434,805 | 1,020,167 | 41.00 | |||
Other comprehensive income - net of tax | |||||||||
Items that will not be re-classified subsequently to profit or loss: | |||||||||
Net change in fair value of FVOCI financial assets | (29,788) | 19,693 | (251.00) | 62,161 | 5,881 | 957.00 | |||
Profit from sale of investments | - | - | - | - | 4,709 | 100.00 | |||
Total other comprehensive income - net of tax | (29,788) | 19,693 | (251.00) | 62,161 | 10,590 | 487.00 | |||
Total comprehensive income | 568,700 | 350,341 | 62.00 | 1,496,966 | 1,030,757 | 45.00 |
PLC | Financial Statements 31 December 2022 |
C T HOLDINGS | Condensed Interim |
Profit for the period attributable to | ||||||
Owners of the parent | 598,488 | 330,648 | 81.00 | 1,434,805 | 1,020,167 | 41.00 |
Non-controlling Interest | - | - | - | - | - | - |
Profit for the period | 598,488 | 330,648 | 81.00 | 1,434,805 | 1,020,167 | 41.00 |
Total comprehensive income attributable to | ||||||
Owners of the parent | 568,700 | 350,341 | 62.00 | 1,496,966 | 1,030,757 | 45.00 |
Non-controlling Interest | - | - | - | - | - | - |
Total comprehensive income | 568,700 | 350,341 | 62.00 | 1,496,966 | 1,030,757 | 45.00 |
Earnings per share (Rs.) | 2.97 | 1.64 | 81.00 | 7.12 | 5.07 | 40.00 |
Dividends per share (Rs.) | 2.45 | 1.55 | *5.45 | **4.45 | ||
- Final dividend for the year 2021/22 and interim dividend for the year 2022/23
- Final dividend for the year 2020/21 and interim dividend for the year 2021/22
03
Statement of Financial Position
Group | Company | |||
As at | 31-Dec | 31-Mar | 31-Dec | 31-Mar |
In thousands of rupees | 2022 | 2022 | 2022 | 2022 |
(Audited) | (Audited) | |||
Assets | ||||
Non-current assets | ||||
Property, plant & equipment | 45,520,608 | 41,767,767 | 2,354 | 2,033 |
Right of use assets | 20,201,005 | 16,889,657 | 101 | 117 |
Investment property | 10,272,491 | 9,579,553 | 709,700 | 709,700 |
Intangible assets | 1,737,336 | 1,641,799 | 688,467 | 688,467 |
Investments in subsidiaries | - | - | 1,604,677 | 1,604,677 |
Investments in equity accounted investees | 5,630,530 | 5,655,456 | 5,605,950 | 5,605,950 |
Prepayment on leasehold land and building | 200,912 | 200,912 | - | - |
Other financial assets | 1,788,419 | 1,692,801 | 98,201 | 65,163 |
Deferred tax assets | 12,627 | 8,598 | - | - |
Total non-current assets | 85,363,928 | 77,436,543 | 8,709,450 | 8,676,107 |
Current assets | ||||
Inventories | 23,595,814 | 14,809,637 | - | - |
Trade and other receivables | 11,973,132 | 7,557,348 | 33,213 | 47,586 |
Amounts due from subsidiaries | - | - | 29,029 | 24,849 |
Amounts due from other related parties | 277,259 | 277,213 | 3,408 | 3,408 |
Other financial assets | 128,734 | 1,016,556 | - | - |
Cash and cash equivalents | 5,516,220 | 3,554,218 | 220,438 | 8,944 |
Total current assets | 41,491,159 | 27,214,972 | 286,088 | 84,787 |
Total assets | 126,855,087 | 104,651,515 | 8,995,538 | 8,760,894 |
Equity and liabilities | ||||
Equity attributable to owners of the parent | ||||
Stated capital | 6,489,758 | 6,489,758 | 6,489,758 | 6,489,758 |
Reserves | 3,048,871 | 3,136,528 | 107,908 | 45,747 |
Retained earnings | 14,396,793 | 14,161,037 | 1,496,488 | 1,159,351 |
Total equity attributable to equity holders of the parent | 23,935,422 | 23,787,323 | 8,094,154 | 7,694,856 |
Non-controlling interest | 9,694,190 | 9,555,690 | - | - |
Total equity | 33,629,612 | 33,343,013 | 8,094,154 | 7,694,856 |
Liabilities | ||||
Non-current liabilities | ||||
Interest bearing loans and borrowings | 27,755,541 | 27,101,528 | 665,239 | 800,780 |
Employee benefits | 1,862,590 | 1,638,653 | 38,087 | 36,893 |
Capital grants | 7,364 | 15,975 | - | - |
Trade and other payables | 196,789 | 181,187 | - | - |
Deferred tax liabilities | 1,321,353 | 911,084 | - | - |
Total non-current liabilities | 31,143,637 | 29,848,427 | 703,326 | 837,673 |
Current liabilities | ||||
Trade and other payables | 27,886,032 | 23,331,543 | 1,940 | 16,642 |
Current tax liabilities | 5,779,297 | 4,198,294 | - | - |
Amounts due to subsidiaries | - | - | 30,054 | 18,868 |
Amounts due to other related parties | 1,430 | 2,928 | - | - |
Dividends payable | 166,064 | 167,236 | 166,064 | 167,236 |
Interest bearing loans and borrowings | 28,249,015 | 13,760,074 | - | 25,619 |
Total current liabilities | 62,081,838 | 41,460,075 | 198,058 | 228,365 |
Total liabilities | 93,225,475 | 71,308,502 | 901,384 | 1,066,038 |
Total equity & liabilities | 126,855,087 | 104,651,515 | 8,995,538 | 8,760,894 |
Net Asset Value per Share (Rs.) | 118.84 | 118.11 | 40.19 | 38.21 |
The Board of Directors is responsible for the | preparation and presentation of these | I certify that these Financial Statements have been |
Financial Statements. The Financial Statements | have been approved by the Board of | prepared in accordance with the requirements of |
Directors on 13 February 2023 | the Companies Act No 7 of 2007. | |
V R Page | A T P Edirisinghe | S C Niles |
Deputy Chairman / Managing Director | Director | Executive Director |
PLC | Financial Statements 31 December 2022 |
C T HOLDINGS | Condensed Interim |
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
C T Holdings plc published this content on 13 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 February 2023 11:27:05 UTC.