GALLE FACE CAPITAL PARTNERS PLC GALLE FACE CAPITAL PARTNERS PLC
INTERIM FINANCIAL STATEMENTS - FOR THE PERIOD ENDED
30TH SEPTEMBER 2022
CONTENT:
Statement of Profit or Loss and Other Comprehensive Income -1
Statement of Financial Position -2
Statement of Changes in Equity -3
Statement of Cash Flows -4
Notes to the Financial Statements -5-6
Top 20 Major Shareholders -7
Corporate Information -8
GALLE FACE CAPITAL PARTNERS PLC | ||||
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME | ||||
For the period ended 30th September | ||||
Rs.'000 | Rs.'000 | |||
QUARTER ENDED | PERIOD ENDED | |||
30.09.2022 | 30.09.2021 | 30.09.2022 | 30.09.2021 | |
UNAUDITED | UNAUDITED | UNAUDITED | UNAUDITED | |
Revenue | 24,888 | 5,999 | 30,836 | 12,338 |
Administrative and other Operating Expenses | (1,066) | 663 | (1,928) | 290 |
Profit on Fair Value of Investments Measured at Fair Value T hrough Profit or Loss | 119,451 | - | 61,749 | - |
Profit from Operation | 143,273 | 6,662 | 90,657 | 12,628 |
Finance Income | 18,851 | - | 27,608 | - |
Finance Cost | (1) | - | (3) | - |
Profit before Taxation | 162,123 | 6,662 | 118,262 | 12,628 |
T axation | (4,400) | (1,599) | (6,480) | (3,031) |
Profit for the Period | 157,723 | 5,063 | 111,782 | 9,597 |
Other Comprehensive Income | - | - | - | - |
Total Comprehensive Income for the Period | 157,723 | 5,063 | 111,782 | 9,597 |
Earnings Per Share (Rs.) | 6.11 | 0.20 | 4.33 | 0.37 |
Dividend Per Share (Rs.) | - | - | - | - |
- The above figures are provisional and subject to audit.
- Figures in brackets indicate deductions.
Page 1 of 8 | INTERIM FINANCIAL STATEMENTS |
GALLE FACE CAPITAL PARTNERS PLC
STATEMENT OF FINANCIAL POSITION
AS AT | 30.09.2022 | 31.03.2022 |
Rs.'000 | Rs.'000 | |
UNAUDITED | AUDITED | |
Assets | ||
Non Current Assets | ||
Investments - Measured at Fair Value T hrough Profit or Loss | 395,830 | 337,221 |
Total Non Current Assets | 395,830 | 337,221 |
Current Assets | ||
Short T erm Investment | 345,490 | - |
Assets held for sale | - | 143,829 |
T rade & Other Receivables | 1,012 | 26,402 |
Cash and Cash Equivalents | 76,686 | 194,925 |
Total Current Assets | 423,188 | 365,156 |
Total Assets | 819,018 | 702,377 |
Equity and Liabilities | ||
Equity | ||
Stated Capital | 513,656 | 513,656 |
Revenue Reserves | 298,574 | 186,792 |
Total Equity | 812,230 | 700,448 |
Current Liabilities | ||
Other payables | 334 | 609 |
Income T ax Payable | 6,455 | 1,282 |
Bank Overdraft | - | 38 |
Total Current Liabilities | 6,789 | 1,929 |
Total Equity & Liabilities | 819,018 | 702,377 |
Net Assets per share (Rs.) | 31.44 | 30.38 |
The Above figures are provisional and subject to audit.
I certify that the Interim Financial Statements have been prepared in compliance with the requirements of the Companies Act No.7 of 2007.
Sgd.
Dilshan Perera
Chief Financial Officer
The Board of Directors is responsible for the preparation and presentation of these Financial Statements.
These Financial Statements were approved and signed for and on behalf of the Board of Directors of Galle Face Capital Partners PLC.
Sgd. | Sgd. |
S. V. Rajiyah | B.V.Selvanayagam |
Director | Director |
14 November 2022 |
Page 2 of 8 | INTERIM FINANCIAL STATEMENTS |
GALLE FACE CAPITAL PARTNERS PLC | ||||
STATEMENT OF CHANGES IN EQUITY | ||||
For the Period Ended | Stated | General | Revenue Reserves | Total |
Capital | reserve | Retained Earnings | ||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | |
Balance as at 1st April 2021 | 513,656 | 619 | 270,551 | 784,826 |
Profit for the period | - | - | 9,597 | 9,597 |
Balance as at 30th September 2021 | 513,656 | 619 | 280,148 | 794,423 |
Balance as at 1st April 2022 | 513,656 | 619 | 186,173 | 700,448 |
Profit for the period | - | - | 111,782 | 111,782 |
Balance as at 30th September 2022 | 513,656 | 619 | 297,955 | 812,230 |
- The above figures are provisional and subject to audit.
- Figures in brackets indicate deductions.
Page 3 of 8 | INTERIM FINANCIAL STATEMENTS |
GALLE FACE CAPITAL PARTNERS PLC | ||
STATEMENT OF CASH FLOWS | ||
FOR THE PERIOD ENDED 30TH SEPTEMBER | 2022 | 2021 |
Rs.'000 | Rs.'000 | |
UNAUDITED | UNAUDIT ED | |
Cash Flow from Operating Activities | ||
Profit Before T ax | 118,262 | 12,628 |
Adjustments: | ||
Finance Income | (27,608) | - |
Finance Cost | 3 | - |
Gain on Disposal of Shares | (21,387) | |
Loss/Gain on Investments - Measured at Fair value T hrough Profit or Loss | (61,749) | - |
Operating Cash Flows before Working Capital changes | 7,521 | 12,628 |
Changes in Working Capital | ||
(Increase)/Decrease in Other Current Assets | 26,390 | - |
(Increase)/Decrease in investments | (345,490) | - |
Increase/(Decrease) in T rade and Other Payables | (275) | (528) |
Cash Flows Generated from Operations | (311,855) | 12,100 |
Acquisition of Equity Accounted Investees | - | (684) |
Income T ax Paid | (2,307) | - |
Investment in Shares | (41,236) | - |
Disposal of Shares | 65,763 | |
Disposal of Equity Accounted Investees | 143,829 | - |
Net Cash Flows generated from Operating Activities | (145,806) | 11,416 |
Cash Flows from Investing Activities | ||
Interest Received | 27,608 | - |
Finance Cost | (3) | |
Net Cash Flows generated from Investing Activities | 27,605 | - |
Net Increase/(Decrease) in Cash and Cash Equivalents | (118,201) | 11,416 |
Cash and Cash Equivalents at the beginning of the period | 194,887 | 787,938 |
Cash and Cash Equivalents at the end of the period | 76,686 | 799,354 |
Page 4 of 8 | INTERIM FINANCIAL STATEMENTS |
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Guardian Capital Partners plc published this content on 15 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 November 2022 10:50:10 UTC.
