Convenience Foods Lanka : Interim Financial Statements as of 06/30/2022

CONVENIENCE FOODS

(LANKA) PLC

INTERIM REPORT

FOR THE 1ST QUARTER ENDED,

30th JUNE 2022

Interim Report | Convenience Foods (Lanka) PLC

CORPORATE INFORMATION

NAME OF THE COMPANY		SECRETARIES & REGISTRARS
Convenience Foods (Lanka) PLC - PQ 164	P W Corporate Secretarial (Pvt) Ltd.
		No.3/17, Kynsey Road,
		Colombo 08.
LEGAL FORM & LISTING
A Public Limited Company listed on the
Colombo Stock Exchange		BANKERS
		Bank of Ceylon
		Commercial Bank of Ceylon PLC
DATE OF INCORPORATION	Hatton National Bank PLC
27th March 1991		Peoples' Bank
		Standard Chartered Bank
		State Bank of India
REGISTERED OFFICE
Ceylon Biscuits Ltd,
No. 555, High Level Road,		INVESTOR RELATIONS OFFICER
Makumbura, Pannipitiya,		Daminda Sampath
Sri Lanka.		Manager - Financial Reporting
		Convenience Foods (Lanka) PLC
		[e-mail]
BUSINESS ACTIVITY
Manufacture and Marketing of Textured
Vegetable Protein (TVP), Culinary and other
Food Products.
DIRECTORS OF THE COMPANY
Mr. R.S. Wickramasingha	- Chairman
Mr. E.T. De Zoysa - Managing Director
Ms. D.S. Wickramasingha	- Director
Ms. N.K. Wickramasingha	- Director

Mr. L.J.M. De Silva - Director

Mr. M.U.S.G. Thilakawardana - Director

Dr. D.M.A. Kulasooriya - Director

Mr. M.S. Nanayakkara - Director

AUDITORS

KPMG Sri Lanka

Chartered Accountants,

32A, Sir Mohomad Macan Markar Mawatha,

Colombo 3, Sri Lanka.

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Interim Report | Convenience Foods (Lanka) PLC

CONVENIENCE FOODS (LANKA) PLC

STATEMENT OF COMPREHENSIVE INCOME

FOR THE PERIOD ENDED 30TH JUNE 2022

	Group			Company
For the 3 Months Ended 30th June	2022	2021	Change	2022	2021	Change
	Rs.	Rs.	%	Rs.	Rs.	%
Revenue	1,666,383,944	785,666,659	112.1	1,666,383,944	785,666,659	112.1
Cost of Sales	(1,299,633,246)	(564,432,988)	130.3	(1,299,633,246)	(564,432,988)	130.3
Gross Profit	366,750,698	221,233,671	65.8	366,750,698	221,233,671	65.8
Other Operating Income	8,269,416	10,800,359	-23.4	8,269,416	10,800,359	-23.4
Distribution Expenses	(166,581,865)	(109,717,526)	51.8	(166,581,865)	(109,717,526)	51.8
Administrative Expenses	(59,500,335)	(41,185,513)	44.5	(59,500,335)	(41,185,513)	44.5
Results from Operating Activities	148,937,914	81,130,991	83.6	148,937,914	81,130,991	83.6
Finance Income	6,498,292	12,928,138	-49.7	6,498,292	12,928,138	-49.7
Finance Expenses	(12,739,546)	(1,815,949)	601.5	(12,739,546)	(1,815,949)	601.5
Net Finance Income	(6,241,254)	11,112,190	-156.2	(6,241,254)	11,112,190	-156.2
Profit Before Tax	142,696,659	92,243,180	54.7	142,696,659	92,243,180	54.7
Income Tax Expenses	(25,117,858)	(16,764,636)	49.8	(25,117,858)	(16,764,636)	49.8
Profit for the Period	117,578,801	75,478,544	55.8	117,578,801	75,478,544	55.8

Other Comprehensive Income

Other Comprehensive Income for the Period	-	-	0.0	-	-	0.0
Total Comprehensive Income for the Period	117,578,801	75,478,544	55.8	117,578,801	75,478,544	55.8
Profit for the Period Attributable to:
Owners of the Company	117,578,801	75,478,544	55.8	117,578,801	75,478,544	55.8
Non-Controlling Interest	-	-	0.0	-	-	0.0
Total Profit for the Period	117,578,801	75,478,544	55.8	117,578,801	75,478,544	55.8
Total Comprehensive Income for the Period
Attributable to:
Owners of the Company	117,578,801	75,478,544	55.8	117,578,801	75,478,544	55.8
Non-Controlling Interest	-	-	0.0	-	-	0.0
Total Comprehensive Income for the Period	117,578,801	75,478,544	55.8	117,578,801	75,478,544	55.8
Basic and Diluted Earnings Per Share	42.76	27.45		42.76	27.45

Figures in brackets indicate deductions.

The above figures are not audited.

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Interim Report | Convenience Foods (Lanka) PLC

CONVENIENCE FOODS (LANKA) PLC

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 30TH JUNE 2022

Group	Stated	Other	Retained	Total
	Capital	Reserves	Earnings	Equity
	Rs.	Rs.	Rs.	Rs.
Balance as at 1st April 2021	52,521,178	41,613,945	1,619,437,686	1,713,572,809
Profit for the period	-	-	75,478,544	75,478,544
Balance as at 30th June 2021	52,521,178	41,613,945	1,694,916,230	1,789,051,353
Balance as at 1st April 2022	52,521,178	41,613,945	1,982,289,597	2,076,424,720
Profit for the period	-	-	117,578,801	117,578,801
Other Comprehensive Income for the year	-	-	-	-
Surcharge Tax paid for the year 2020/21	-	-	(78,993,130)	(78,993,130)
Balance as at 30th June 2022	52,521,178	41,613,945	2,020,875,268	2,115,010,391

Company	Stated	Other	Retained	Total
	Capital	Reserves	Earnings	Equity
	Rs.	Rs.	Rs.	Rs.
Balance as at 1st April 2021	52,521,178	41,613,945	1,620,021,346	1,714,156,469
Profit for the period	-	-	75,478,544	75,478,544
Balance as at 30th June 2021	52,521,178	41,613,945	1,695,499,890	1,789,635,013
Balance as at 1st April 2022	52,521,178	41,613,945	1,982,289,617	2,076,424,740
Profit for the period	-	-	117,578,801	117,578,801
Other Comprehensive Income for the year	-	-	-	-
Surcharge Tax paid for the year 2020/21	-	-	(78,993,130)	(78,993,130)
Balance as at 30th June 2022	52,521,178	41,613,945	2,020,875,288	2,115,010,411

The above figures are not audited.

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