Capital Alliance : Interim Financial Statements for the period ended 31st Dec-22

CAPITAL ALLIANCE PLC

INTERIM FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31st DECEMBER 2022

CAPITAL ALLIANCE PLC

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

FOR THE		QUARTER ENDED		NINE MONTHS ENDED
		31-Dec-22		31-Dec-21		31-Dec-22		31-Dec-21
	Note	Rs.		Rs.		Rs.		Rs.
		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
Interest Income	2	1,261,457,490	159,937,408	2,524,036,551	381,409,698
Interest Expenses	3	(818,238,511)		(86,557,003)		(1,657,383,097)		(220,335,761)
Net Interest Income		443,218,979	73,380,405	866,653,454	161,073,937
Gains/ (Losses) arise from Financial Assets
Measured at FVTPL	4	1,081,705,463	(181,240,748)	1,493,955,381	(189,663,500)
Direct Expenses		(1,636,253)	(1,890,969)	(5,286,063)	(5,040,918)
Other Income		1,230	1,009,159	26,496	7,414,574
Net Operating Income		1,523,289,419	(108,742,153)	2,355,349,268	(26,215,908)
Operating Expenses
Personnel Expenses		(31,603,083)	(31,601,906)	(83,197,144)	(82,313,485)
Depreciation and Amortisation		(1,670,293)	(1,865,039)	(4,975,482)	(6,060,341)
Other Expenses	5	(90,848,758)	(30,473,423)	(385,022,389)	(70,669,447)
Profit Before Tax		1,399,167,285	(172,682,521)	1,882,154,253	(185,259,182)
Income Tax Expenses	6	(197,924,333)	27,317,790	(301,886,495)	31,095,271
Profit for the period		1,201,242,952	(145,364,731)	1,580,267,758	(154,163,911)
Other Comprehensive Income
Other Comprehensive Income for the period		-		-		-		-
Total Comprehensive Income for the period		1,201,242,952		(145,364,731)		1,580,267,758		(154,163,911)
Basic/Diluted Earnings/ (Loss) per Share (Rs.)	7	3.65	(0.49)	4.80	(0.53)

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CAPITAL ALLIANCE PLC

STATEMENT OF FINANCIAL POSITION

AS AT	31-Dec-22		31-Mar-22
	Rs.		Rs.
	(Unaudited)		(Audited)
ASSETS
Cash and Cash Equivalents	33,521,779	14,265,035
Financial Assets measured at Amortised Cost	105,433,266	40,167,893
Financial Assets measured at FVTPL	26,828,320,731	8,075,894,286
Amount due from Related Companies	2,454,985	886,146
Other Receivables	17,986,071	23,966,904
Deferred Tax Asset	12,581,894	43,977,351
Intangible Assets	1,382,931	932,103
Right-of-use Asset	8,149,308	11,205,302
Equipment	3,779,366	3,595,286
Total Assets	27,013,610,332	8,214,890,307
LIABILITIES AND EQUITY
Liabilities
Financial Liabilities at Amortised Cost	22,287,504,569	5,465,983,373
Amounts due to Related Companies	4,144,220	7,046,054
Other Payables	139,728,898	9,592,308
Lease Liability	8,954,720	11,772,683
Retirement Benefit Obligation	40,529,586	38,506,345
Income Tax Payable	284,725,344		14,234,307
Total Liabilities	22,765,587,337	5,547,135,070
EQUITY
Stated Capital	723,348,421	723,348,421
Special Risk Reserve	802,825,793	644,799,017
Retained Earnings	2,721,848,781		1,299,607,799
Total Equity	4,248,022,995	2,667,755,237
Total Liabilities and Equity	27,013,610,332	8,214,890,307
NAPS (Rs.)	12.90		8.10

These financial statements are in compliance with the requirements of the Companies Act No. 07 of 2007.

Sgd.

…................................

Ms. Shalini Goonesekera

Manager Finance

The Board of Directors is responsible for the preparation and presentation of these financial statements.

Sgd.	Sgd.
…	…
Mr. W A T Fernando	Mr. C S R S Anthony
Director	Director
23rd January 2023
Colombo

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CAPITAL ALLIANCE PLC

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 31ST DECEMBER 2022

Stated Capital		Special Risk		Retained		Total
		Reserve		Earnings
Rs.		Rs.		Rs.		Rs.

Balance as at 01st April 2021

Profit for the Period

Other Comprehensive Income for the Period Total Comprehensive Income

Dividend Paid

Transferred To the Special Risk Reserve Ordinary Share Capital Issued - IPO

Balance as at 31st December 2021

311,576,061

-

-

-

-

-

411,772,360

723,348,421

644,799,017

-

-

-

-

(15,419,391)

-

629,379,626

1,767,072,220

(154,163,911)

-

(154,163,911)

(300,250,675)

15,419,391

-

1,328,077,025

2,723,447,298

(154,163,911)

-

(154,163,911)

(300,250,675)

-

411,772,360

2,680,805,072

Balance as at 01st April 2022

Profit for the Period

Other Comprehensive Income for the Period Total Comprehensive Income Transferred To the Special Risk Reserve

Balance as at 31st December 2022

723,348,421

-

-

-

-

723,348,421

644,799,017

-

-

-

158,026,776

802,825,793

1,299,607,799

1,580,267,758

-

1,580,267,758

(158,026,776)

2,721,848,781

2,667,755,237

1,580,267,758

-

1,580,267,758

-

4,248,022,995

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CAPITAL ALLIANCE PLC

STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDED	31-Dec-22		31-Dec-21
	Rs.		Rs.
	(Unaudited)		(Unaudited)
Cash flows from Operating Activities
Interest Receipts	501,201,563	469,545,736
Interest Payments	(1,913,293,007)	(234,801,415)
Payment of Direct Expenses	(5,286,063)	(5,040,918)
Other Receipts	26,496	7,414,574
Cash payments to Employees and Other payments	(464,587,911)		(148,652,920)
Operating profit/ (Loss) before changes in Operating Assets and Liabilities	(1,881,938,923)	88,465,057
(Increase)/Decrease in Financial Assets measured at Amortised Cost	(65,055,215)	(2,044,172,775)
(Increase)/Decrease in Financial Assets measured at FVTPL	(15,235,846,234)	8,703,436,444
(Increase)/Decrease in Other Receivables	5,980,833	(2,729,414)
(Increase)/Decrease in Amount due from Related Companies	(1,568,839)	(2,452,324)
Increase/(Decrease) in Financial Liabilities at Amortised Cost	17,077,431,106	(6,567,791,261)
Increase/(Decrease) in Amount due to Related Companies	(2,901,834)	(76,365,161)
Increase/(Decrease) in Other Payable	130,136,590		19,177,757
Net cash from Operating Activities	26,237,485		117,568,323
Gratuity Paid	(925,003)	-
Income Taxes Paid	-		(146,411,408)
Net cash generated from / (used in) Operating Activities	25,312,482	(28,843,085)
Cash flows from Investing Activities
Purchase of Equipment	(1,669,677)	(2,112,971)
Purchase of Intangible Assets	(884,719)		(205,500)
Net cash used in Investing Activities	(2,554,396)	(2,318,471)
Cash flows from Financing Activities
Issue of Ordinary Shares - IPO	-	411,772,360
Dividend Paid	-	(300,250,675)
Lease Payments	(3,501,342)		(3,183,041)
Net cash from / (used in) Financing Activities	(3,501,342)		108,338,644
Net increase in cash and cash equivalents	19,256,744	77,177,088
Cash and cash equivalents at the beginning of the period	14,265,035	10,472,382
Cash and cash equivalents at the end of the period	33,521,779		87,649,470

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