LAKE HOUSE PRINTERS AND PUBLISHERS PLC LAKE HOUSE PRINTERS & PUBLISHERS PLC
INTERIM ACCOUNTS
FOR THE 03 MONTHS ENDED 30TH JUNE 2022
LAKE HOUSE PRINTERS & PUBLISHERS PLC
CORPORATE INFORMATION
Legal Status
A Quoted Public Company
Registered Number - PQ 175
Board of Directors
R.S.Wijewardene (Chairman)
P.S.Wijewardene
R.C.Samarasinghe
Prof.L.R.Watawala (Independent)
D.F.R.Jayamaha (Independent)
D.R.Wijewardene
Secretary
D.P.A.N.Kumara
Auditors
KPMG
Chartered Accountants
Bankers
Bank of Ceylon,Corporate Branch.
Sampath Bank PLC,Headquarters Branch.
NDB Bank PLC,Headquarters Branch.
Commercial Bank PLC,Dharmapala Mawatha Branch.
Commercial Bank PLC,W.A.D.Ramanayake Mawatha Branch.
DFCC Bank PLC,Head Office Branch.
Registered Office
No.41,W.A.D.Ramanayake MW,Colombo, 02.
Fax
011-2449504
E - Mail lhpp@sltnet.lk
Http://www.lhppl.com
Telephone 0112433272-3
112332271
LAKE HOUSE PRINTERS & PUBLISHERS PLC
INCOME STATEMENT FOR THE 03 MONTHS ENDED 30 TH JUNE 2022
In conformity with the Colombo Stock Exchange Regulations, we give below a summary of our performance for the 3 Months ended 30th June
GROUP | Company | |||||
3 Months | 3 Months | 3 Months | 3 Months | |||
Ended | Variance | Ended | Ended | Variance | Ended | |
30.06.2022 | % | 30.06.2021 | 30.06.2022 | % | 30.06.2021 | |
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | |||
Revenue | 198,668 | 45.4 | 136,597 | 198,616 | 45.5 | 136,545 |
Cost of Sales | (145,593) | 52.1 | (95,725) | (145,593) | 52.1 | (95,725) |
Gross Profit | 53,075 | 29.9 | 40,872 | 53,022 | 29.9 | 40,820 |
Other Income | 6,071 | 10.0 | 5,518 | 5,934 | 7.5 | 5,518 |
Administration Expenses | (35,715) | 21.1 | (29,489) | (35,429) | 20.7 | (29,352) |
Distribution Expenses | (12,723) | 75.0 | (7,270) | (12,723) | 75.0 | (7,270) |
Other Operating Expenses | - | - | - | - | - | - |
Results from Operating Activities | 10,708 | 11.2 | 9,631 | 10,805 | 11.2 | 9,716 |
Finance Income | 3,673 | 111.6 | 1,736 | 1,000 | 135.3 | 425 |
Finance Expenses | (1,240) | 191.8 | (425) | (1,240) | 165.8 | (466) |
Share of Profit of Associate (Net of Tax) | - | - | - | - | ||
Profit before Taxation | 13,141 | 20.1 | 10,942 | 10,566 | 9.2 | 9,674 |
Income Tax Expenses | (2,520) | 12.6 | (2,239) | (1,902) | 1.7 | (1,935) |
Profit for the Period | 10,621 | 22.0 | 8,703 | 8,664 | 11.9 | 7,739 |
Other Comprehensive Income | ||||||
Net change in Fair Value of Available for Sale Investment | - | - | - | - | - | - |
Profit for the Period | 10,621 | 22.0 | 8,703 | 8,664 | 11.9 | 7,739 |
Basic Earnings Per Ordinary Share (Rs.) | 3.62 | 2.96 | 2.95 | 2.64 |
THE ABOVE FIGURES ARE PROVISIONAL AND SUBJECT TO AUDIT.
DirectorDirector
15/08/202215/08/2022
LAKE HOUSE PRINTERS & PUBLISHERS PLC
SUMMARISED BALANCE SHEET AS AT 30TH JUNE
AUDITED | GROUP | COMPANY | ||||
GROUP | COMPANY | 30.06.2022 | 30.06.2021 | 30.06.2022 | 30.06.2021 | |
31.3.2021 | 31.03.2021 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | |
Rs.'000 | Rs.'000 | ASSETS | ||||
Non Current Assets | ||||||
41,224 | 41,224 | Property, Plant and Equipment | 30,967 | 41,224 | 30,967 | 41,220 |
325,380 | 325,380 | Investment Property | 325,380 | 325,380 | 325,380 | 325,380 |
- | 2,983 | Investment in Subsidiary | - | - | 2,983 | 2,983 |
10,055 | 4,889 | Investment in Associate | 10,055 | 10,055 | 4,889 | 4,889 |
17,649 | 17,643 | Available for Sale Investments | 17,649 | 17,649 | 17,643 | 17,643 |
394,308 | 392,119 | Total Non Current Assets | 384,051 | 394,308 | 381,862 | 392,115 |
Current Assets | ||||||
73,553 | 73,553 | Inventories | 224,142 | 79,813 | 224,142 | 79,813 |
73,190 | 70,665 | Trade Debtors and Other Receivables | 63,558 | 80,471 | 60,685 | 80,396 |
24,192 | 24,175 | Amounts Due from Related Parties | 26,214 | 30,214 | 26,169 | 29,635 |
1,646 | - | Loans Given to Related Parties | - | 1,250 | - | - |
161 | - | Taxation Recoverable | - | 211 | - | - |
157,715 | 56,978 | Cash and Cash Equivalents | 150,656 | 148,145 | 41,900 | 43,151 |
330,457 | 225,371 | Total Current Assets | 464,570 | 340,104 | 352,896 | 232,995 |
724,765 | 617,490 | TOTAL ASSETS | 848,621 | 734,412 | 734,758 | 625,110 |
EQUITY AND LIABILITIES | ||||||
Capital and Reserves | ||||||
35,247 | 35,247 | Stated Capital | 35,247 | 35,247 | 35,247 | 35,247 |
6,197 | 6,197 | Capital Reserves | 6,197 | 6,197 | 6,197 | 6,197 |
220,536 | 220,536 | Revaluation Reserve | 220,536 | 220,536 | 220,536 | 220,536 |
14,038 | 14,032 | Available for Sale Reserve | 14,038 | 14,038 | 14,032 | 14,032 |
380,811 | 271,673 | Retained Earnings | 435,099 | 389,514 | 321,554 | 279,412 |
656,829 | 547,685 | Total Equity Attributable to Equity Holders of the Company | 711,117 | 665,532 | 597,566 | 555,424 |
656,829 | 547,685 | Total Equity | 711,117 | 665,532 | 597,566 | 555,424 |
Non - Current Liabilities | ||||||
10,031 | 10,030 | Deferred Taxation | 10,031 | 7624 | 10,030 | 7,623 |
13,988 | 13,988 | Retirement Benefit Obligations | 14,973 | 12,829 | 14,973 | 12,829 |
482 | 482 | Interest Bearing Borrowings | - | 323 | - | 323 |
- | - | Loans from Related Parties | - | - | - | - |
24,501 | 24,500 | Total Non Current Liabilities | 25,004 | 20,776 | 25,003 | 20,775 |
Current Liabilities | ||||||
655 | 655 | Interest Bearing Borrowings | 36,124 | 675 | 36,124 | 675 |
38,873 | 38,696 | Trade and Other Payables | 66,470 | 30,158 | 66,358 | 29,972 |
- | - | Amounts Due to Related Parties | - | - | - | - |
- | 2,047 | Loans from Related Parties | - | - | - | 993 |
233 | 233 | Current Taxation | 6,084 | 2,122 | 5,885 | 2,122 |
3,674 | 3,674 | Bank Overdrafts | 3,822 | 15,149 | 3,822 | 15,149 |
43,435 | 45,305 | Total Current Liabilities | 112,500 | 48,104 | 112,189 | 48,911 |
67,936 | 69,805 | TOTAL LIABILITIES | 137,504 | 68,880 | 137,192 | 69,686 |
724,765 | 617,490 | TOTAL EQUITY AND LIABILITIES | 848,621 | 734,412 | 734,758 | 625,110 |
223.64 | 186.48 | Net Assets Per Share (Rs.) | 242.12 | 226.60 | 203.46 | 189.11 |
Director | Director |
15/08/2022 | 15/08/2022 |
LAKE HOUSE PRINTERS & PUBLISHERS PLC
STATEMENT OF CHANGES IN EQUITY
FOR 3 MONTHS ENDED 30TH JUNE 2022
COMPANY | STATED | CAPITAL | REVALUATION | AVAILABLE FOR | RETAINED | TOTAL |
CAPITAL | RESERVES | RESERVE | SALE RESERVE | EARNINGS | ||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | |
Balance as at 1st April, 2021 | 35,247 | 6,197 | 220,536 | 14,032 | 271,673 | 547,685 |
Net Profit for the Period | - | - | - | - | 7,739 | 7,739 |
Gain on Revaluation of Property Plant and Equipment | - | - | - | - | - | - |
transferred to Investment Property | - | - | - | - | - | - |
Deferred Tax Liability on Revaluation Reserve | - | - | - | - | - | - |
Other Comprehensive Income | - | - | - | - | - | - |
Gain on Fair Valuation of Available for Sale Investment | - | - | - | - | - | - |
Transaction with Equity Holders | - | - | - | - | - | - |
Contribution by and Distribution to Equity Holders | - | - | - | - | - | - |
Dividend Paid | - | - | - | - | - | - |
Balance as at 30th June 2021 | 35,247 | 6,197 | 220,536 | 14,032 | 279,412 | 555,424 |
Balance as at 1st April, 2022 | ||||||
Net Profit for the Period | 35,247 | 6,197 | 220,536 | 14,032 | 312,890 | 588,902 |
Other Comprehensive Income | - | - | - | - | 8,664 | 8,664 |
Transaction with Equity Holders | - | - | - | - | - | - |
Contribution by and Distribution to Equity Holders | - | - | - | - | - | - |
Dividend Paid | - | - | - | - | - | - |
Balance as at 30th June 2022 | 35,247 | 6,197 | 220,536 | 14,032 | 321,554 | 597,566 |
GROUP | STATED | CAPITAL | REVALUATION | AVAILABLE FOR | RETAINED | TOTAL |
CAPITAL | RESERVES | RESERVE | SALE RESERVE | EARNINGS | ||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | |
Balance as at 1st April, 2021 | 35,247 | 6,197 | 220,536 | 14,038 | 380,811 | 656,829 |
Net Profit for the Period | - | - | - | - | 8,703 | 8,703 |
Gain on Revaluation of Property Plant and Equipment | - | - | - | - | - | - |
transferred to Investment Property | - | - | - | - | - | - |
Deferred Tax Liability on Revaluation Reserve | - | - | - | - | - | - |
Other Comprehensive Income | - | - | - | - | - | - |
Gain on Fair Valuation of Available for Sale Investment | - | - | - | - | - | - |
Transaction with Equity Holders | - | - | - | - | - | - |
Contribution by and Distribution to Equity Holders | - | - | - | - | - | - |
Dividend Paid | - | - | - | - | - | - |
Balance as at 30th June 2021 | 35,247 | 6,197 | 220,536 | 14,038 | 389,514 | 665,532 |
Balance as at 1st April, 2022 | 35,247 | 6,197 | 220,536 | 14,038 | 424,478 | 700,496 |
Net Profit for the Period | - | - | - | - | 10,621 | 10,621 |
Gain on Revaluation of Property Plant and Equipment | - | - | - | - | - | - |
transferred to Investment Property | - | - | - | - | - | - |
Deferred tax liability on Revaluation Reserve | - | - | - | - | - | - |
Other Comprehensive Income | - | - | - | - | - | - |
Gain on Fair Valuation of Available for Sale Investment | - | - | - | - | - | - |
Transaction with Equity Holders | - | - | - | - | - | - |
Contribution by and Distribution to Equity Holders | - | - | - | - | - | - |
Dividend Paid | - | - | - | - | - | - |
Balance as at 30th June 2022 | 35,247 | 6,197 | 220,536 | 14,038 | 435,099 | 711,117 |
STATED CAPITAL | ||||||
GROUP | COMPANY | |||||
30.06.2022 | 30.06.2021 | 30.06.2022 | 30.06.2021 | |||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 |
2,937,245 Ordinary Shares | 35,247 | 35,247 | 35,247 | 35,247 |
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Lake House Printers and Publishers plc published this content on 15 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2022 11:02:10 UTC.
