Autodrome : INTERIM FINANCIAL STATEMENTS FOR THE QUARTER ENDED 30.09.2022

THE AUTODROME PLC

INTERIM FINANCIAL STATEMENTS

FOR THE QUARTER

ENDED 30.09.2022

The Autodrome PLC

304 Union Place,

Colombo 02. Sri Lanka

www.autodrome.lk/financial

The Autodrome PLC	1
Interim Financial Statements for the Quarter Ended 30 September 2022

Share & Corporate Information

MARKET VALUE OF SHARES

The Market value of an ordinary share of The Autodrome PLC was as follows :

	Quarter ended			Year ended
	30.09.2022	30.09.2021	31.03.2022
	Rs.		Rs.			Rs.
Closing price	116.00	90.90	115.00
Highest price for the period	135.00	95.00	220.00
Lowest price for the period	75.00	70.00	65.00
No. of shares	12,000,000	12,000,000	12,000,000
Market Capitalization	1,392,000,000	1,090,800,000	1,380,000,000
Float Adjusted Market Capitalization	293,600,640	243,717,444	291,097,200
RATIOS
Net Assets per Share	164.41	149.42	151.22
Annualised Earning per Share	2.13	2.58	4.24
Annualised Price Earning Ratio (times)	54.58	35.17	27.12

CORPORATE INFORMATION

Company Registration Number: PQ‐84 | Symbol: AUTO.N0000 | GICS Industry Group: Retailing | ISIN: LK0015N00004

Board of Directors Ms. Bernadette Aloysius BA‐ Chairperson

Mr. Jeremy Aloysius MBA (USA) ‐ Jt. Managing Director

Mr. Rajeev Aloysius FCMA, FCMA(UK), CGMA, MBA(Sri.J)

‐ Jt. Managing Director

Mrs. Joanne Aloysius Rajiyah BSc (Lon.), MBA(Sri.J) ‐ Marketing Director

Prof. John Aloysius BSc, PhD (USA)

Ms. Julie A. Aloysius BA (USA)

Mr. Raviraj Ratnasabapathy FCMA(UK), CGMA, MBA(Sri.J)

Mr. Brihadisvara Ponnambalam

Mr. Ranil De Silva FCMA (UK), ACA, CIM (UK)

Company Secretaries Accounting Systems and Secretarial Services (Pvt) Ltd.

Registered Office 304, Union Place, Colombo 2

Lawyers M/s. D.L. & F. de Saram, Attorneys‐at‐Law

Auditors Ernst & Young, Chartered Accountants (from 2019/20)

Bankers Commercial Bank of Ceylon PLC., City Office.

Hatton National Bank PLC, Head Office Branch.

StandardChartered Bank, Main Office.

People's Bank, Union Place.

Sampath Bank PLC, Colombo Super Branch

The Autodrome PLC	2
Interim Financial Statements for the Quarter Ended 30 September 2022

Statement of Financial Position

Company Group

Audited	Audited
31.03.2022	31.03.2022
		Assets
		Non‐current assets
2,042,125	2,042,125	Property, Plant & Equipment
14	14	Intangible Assets
‐	‐	Capital Work‐in ‐Progress
500	‐	Investments
73,406	80,506	Other Financial Assets
2,116,045	2,122,645
		Current Assets
65,702	65,702	Inventories
27,895	28,407	Trade Receivables & Other Receivables
398,837	402,832	Other Financial Assets
28,308	31,312	Cash and Cash Equivalents
520,742	528,253
		Total Assets
2,636,787	2,650,898
		Equity and Liabilities
		Capital and Reserves
12,440	12,440	Stated Capital
1,430,816	1,430,816	Revaluation Reserve
528,180	540,019	Revenue Reserves
		Shareholdersʹ Funds
1,971,436	1,983,275

Non‐current Liabilities

Company	Group
Unaudited		Unaudited	Unaudited	Unaudited
as at		as at	as at	as at
30.09.2022	30.09.2021	30.09.2022			30.09.2021
Rs.ʹ000		Rs.ʹ000	Rs.ʹ000	Rs.ʹ000
2,034,674	1,829,825	2,034,674			1,829,825
9	25	9			25
‐		‐	‐	‐
500	500	‐	‐
147,855	107,148	154,955			114,248
2,183,038	1,937,498	2,189,638			1,944,098
34,788	83,720	34,788			83,720
(3,757)	118,668	(2,990)			119,197
268,993	193,754	275,128			197,781
7,954	1,957	7,964			2,653
307,977		398,099	314,889			403,351
2,491,015	2,335,597	2,504,527			2,347,449
12,440	12,440	12,440			12,440
1,428,927	1,264,615	1,428,927			1,264,615
531,534	516,000	544,753			527,519
1,972,902		1,793,055	1,986,121			1,804,574

467,648	467,648
21,907	21,907
489,555	489,555
163,324	165,846
12,472	12,222
‐	‐
‐	‐
175,796	178,068

Deferred Taxation

Retirement Benefit Obligations

Current Liabilities

Trade and Other Payables Current Tax Liability Amount Due to related party Bank Overdraft

466,756	419,236	466,756	419,236
22,624	27,325	22,624	27,325
489,381	446,561	489,381	446,561
27,169	63,470	26,958	63,600
1,009	8,558	1,317	8,761
‐		‐	‐	‐
553	23,954	751	23,954
28,732		95,981	29,026	96,314

665,351 667,623 Total Liabilities

2,636,787 2,650,898 Total Equity and Liabilities

518,113	542,542	518,407	542,875
2,491,015	2,335,597	2,504,527	2,347,449

The Statement of Financial Position as at 30th September 2022 and the Statement of Comprehensive Income, Statement of Changes in Equity

• Cash Flow Statement for the quarter then ended, are drawn up from the unaudited financial statements of the Company and provide the information required by the Colombo Stock Exchange.

Rajeev Aloysius	Jeremy Aloysius
Jt. Managing Director	Jt. Managing Director
26 October 2022

The Autodrome PLC	3
Interim Financial Statements for the Quarter Ended 30 September 2022

Company Statement of Profit or Loss and Other Comprehensive Income

Y/E 31 March 2022		Quarter ended 30 September	Six Months ended 30 September
(Audited)			2022	2021		2022	2021
LKR 000			LKR 000		LKR 000	Change	LKR 000		LKR 000	Change
651,374	Turnover		37,352	168,720	(77.9%)	130,108	314,788	(58.7%)
(482,111)	Cost of Sales		(24,616)	(127,085)	(80.6%)	(87,490)	(234,569)	(62.7%)
	Gross Profit					(69.4%)				(46.9%)
169,263		12,737	41,635	42,619	80,219
26,621	Other Income and Gains		7,027	7,217	(2.6%)	13,648	14,869	(8.2%)
195,884			19,764		48,852	(59.5%)	56,267		95,088	(40.8%)
	Less :Expenses
(112,522)	Administrative Expenses		(28,562)	(26,073)	9.5%	(58,413)	(53,769)	8.6%
(6,802)	Marketing Expenses		(204)	(424)	(51.9%)	(837)	(430)	94.7%
						8.6%				9.3%
(119,324)			(28,765)	(26,497)	(59,249)	(54,199)
76,559	Operating Profit		(9,002)		22,355	(140.3%)	(2,983)		40,889	(107.3%)
32,153	Finance Income	7	22,415	6,910	224.4%	40,504	14,143	186.4%
(40,632)	Finance Cost	8	(248)	(7,324)	(96.6%)	(35,671)	(8,517)	318.8%
	Profit before taxation					(40.0%)				(96.0%)
68,080		13,166	21,941	1,851	46,515
(19,281)	Taxation		(413)	(6,432)	(93.6%)	(440)	(13,037)	(96.6%)
	Profit after taxation					(17.8%)				(95.8%)
48,800		12,753	15,509	1,411	33,478

Other Comprehensive Income

219,912 Revaluation of Property,Plant & Eq

Reversal of Deferred tax on

(52,779) Revalued Assets

Deferred Tax on Property

• Revaluation

4,576 Defined Benefit Plan actuarial gain/ Deferred tax on Defined Benefit

(1,098) Plan actuarial gain/(losses) Financial assets ‐ change in fair

• value

170,611 Other comprehensive income net o

219,411 Total Comprehensive Income

1.40 Earnings Per Share (Rs.)

‐		‐		‐		‐
‐		‐		‐		‐
‐		‐		‐		‐
36		‐		72	464	84.5%
(8)		‐		(17)	(111)	84.5%
‐		‐		‐		‐	#DIV/0!
28	‐		55	352
12,780		15,509		1,465		33,830
		426.3%				(95.1%)
1.06		0.20	0.12		2.40

Note: All values are in Rupees ʹ000s, unless otherwise stated.The above figures are subject to audit.

The Autodrome PLC	4
Interim Financial Statements for the Quarter Ended 30 September 2022

Group Statement of Profit or Loss and Other Comprehensive Income

Y/E 31 March 2022 (Audited)

LKR 000		Note
652,237	Turnover
(482,111)	Cost of Sales
	Gross Profit
170,126
26,286	Other Income and Gains
	Less :Expenses
(112,784)	Administrative Expenses
(6,802)	Marketing Expenses
(119,586)
76,826	Operating Profit
33,334	Finance Income	7
(40,632)	Finance Cost	8
	Profit before taxation
69,528
(19,640)	Taxation
	Profit after taxation
49,888
	Other Comprehensive Income
	Revaluation of Property,Plant &
219,912	Equipment
	Reversal of Deferred tax on
(52,779)	Revalued Assets
	Deferred Tax on Property

• Revaluation
  4,576 gain/ (losses)

Deferred tax on Defined Benefit

(1,098) Plan actuarial gain/(losses) Financial assets ‐ change in fair

• value

170,611 Other Comprehensive Income net o

220,499 Total Comprehensive Income

4.16 Earnings Per Share (Rs.)

Quarter ended 30 September	Six Months ended 30 September
2022	2021		2022		2021
LKR 000		LKR 000	Change	LKR 000		LKR 000	Change
38,396		168,937	(77.3%)	131,518	#	315,090	(58.3%)
(24,616)	(127,085)	(80.6%)	(87,490)	#	(234,569)	(62.7%)
	#		(67.1%)		#		(45.3%)
13,781	41,851	44,029	80,520
6,826		7,217	(5.4%)	13,447		14,869	(9.6%)
			(58.0%)				(39.7%)
20,607		49,068	57,476		95,389
(28,659)	(26,011)	10.2%	(58,614)		(53,651)	9.3%
(204)	(424)	(51.9%)	(837)		(430)	94.7%
			9.2%				9.9%
(28,863)	(26,435)	(59,451)		(54,081)
(8,256)		22,634	(136.5%)	(1,975)		41,309	(104.8%)
22,850		7,214	216.7%	41,313		14,681	181.4%
(248)	(7,324)	(96.6%)	(35,671)		(8,517)	318.8%
			(36.3%)				(92.3%)
14,346		22,524	3,667		47,473
(696)	(6,568)	(89.4%)	(876)		(13,227)	(93.4%)
			(14.5%)				(91.8%)
13,650		15,956	2,791		34,246
‐		‐		‐		‐
‐		‐		‐		‐
‐		‐		‐		‐
36		‐		72		464	84.5%
(8)	‐		(17)		(111)	(84.5%)
‐		‐		‐		‐
28		‐		55		352
			(14.3%)
13,678		15,956	2,846		34,598
			(3.1%)				(90.3%)
1.14		1.17	0.23		2.41

Note: All values are in LKR ʹ000s, unless otherwise stated. The above figures are subject to audit.