THE AUTODROME PLC
INTERIM FINANCIAL STATEMENTS
FOR THE NINE MONTHS
ENDED 31.12.2022
The Autodrome PLC 304 Union Place, Colombo 02. Sri Lanka www.autodrome.lk/financial
The Autodrome PLC | 1 |
Interim Report 31 December 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 | |||||
31.12.2022 | 31.12.2021 | 31.03.2022 | ||||
Rs. | Rs. | Rs. | ||||
Closing price | 111.50 | 109.50 | 115.00 | |||
Highest price for the period | 125.00 | 117.00 | 220.00 | |||
Lowest price for the period | 75.10 | 80.00 | 65.00 | |||
No. of shares | 12,000,000 | 12,000,000 | 12,000,000 | |||
Market Capitalization | 1,338,000,000 | 1,314,000,000 | 1,380,000,000 | |||
Float Adjusted Market Capitalization | 282,210,960 | 278,278,920 | 291,097,200 | |||
RATIOS | ||||||
Net Assets per Share | 165.12 | 150.18 | 151.22 | |||
Annualised Earnings per Share | 0.94 | 1.82 | 4.24 | |||
Annualised Price Earning Ratio (times | 118.31 | 60.16 | 27.12 |
Corporate Information
Company Registration Number PQ‐84 Stock Exchange: AUTO.N0000
Board of Directors Mrs.. Bernadette Aloysius BA‐ Chairperson
Mr. Jeremy Aloysius MBA (USA) ‐ Jt. Managing Director
Mr. Rajeev Aloysius FCMA, FCMA(UK), CGMA, MBA ‐ Jt. Managing Director Mrs. Joanne Aloysius Rajiyah BSc (Lon.), MBA ‐ Marketing Director
Prof. John Aloysius BSc, PhD (USA) Ms. Julie Aloysius BA (USA)
Mr. Raviraj Ratnasabapathy FCMA(UK), CGMA, MBA Mr. Brihadisvara Ponnambalam
Mr. Ranil de Silva ACA, FCMA(UK), MCIM
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
Bankers Standard Chartered Bank, Main Office.
Hatton National Bank PLC, Head Office Branch.
Commercial Bank of Ceylon PLC, City Office. People's Bank, Union Place.
Sampath Bank, Colombo Super Branch
The Autodrome PLC | 2 |
Interim Report 31 December 2022 | |
Statement of Financial Position
Company | Group | ||||||||
Company | Group | Unaudited | Unaudited | Unaudited | Unaudited | ||||
Audited | Audited | as at | as at | as at | as at | ||||
31.03.2022 | 31.03.2022 | 31.12.2022 | 31.12.2021 | 31.12.2022 | 30.12.2021 | ||||
Rs.ʹ000 | Rs.ʹ000 | Rs.ʹ000 | Rs.ʹ000 | ||||||
Assets | |||||||||
Non‐current assets | |||||||||
2,042,125 | 2,042,125 | Property, Plant & Equipment | 2,030,954 | 1,825,156 | 2,030,954 | 1,825,156 | |||
14 | 14 | Intangible Assets | 8 | 29 | 8 | 29 | |||
500 | ‐ | Investments | 500 | 500 | ‐ | ‐ | |||
73,406 | 80,506 | Other Financial Assets | 148,154 | 128,064 | 155,254 | 135,164 | |||
2,116,045 | 2,122,645 | 2,179,617 | 1,953,749 | 2,186,217 | 1,960,349 | ||||
Current Assets | |||||||||
65,702 | 65,702 | Inventories | 48,336 | 50,232 | 48,336 | 50,232 | |||
27,895 | 28,407 | Trade Receivables & Other Receivables | 6,714 | 48,966 | 6,300 | 49,744 | |||
398,837 | 402,832 | Other Financial Assets | 290,560 | 273,799 | 296,912 | 277,830 | |||
28,308 | 31,312 | Cash and Cash Equivalents | 1,089 | 28,484 | 4,159 | 29,416 | |||
520,742 | 528,253 | 346,699 | 401,481 | 355,707 | 407,222 | ||||
Total Assets | |||||||||
2,636,787 | 2,650,898 | 2,526,316 | 2,355,229 | 2,541,924 | 2,367,571 | ||||
Equity and Liabilities | |||||||||
Capital and Reserves | |||||||||
12,440 | 12,440 | Stated Capital | 12,440 | 12,440 | 12,440 | 12,440 | |||
1,430,816 | 1,430,816 | Revaluation Reserve | 1,427,982 | 1,263,577 | 1,427,982 | 1,263,577 | |||
528,180 | 540,019 | Revenue Reserves | 540,986 | 526,195 | 554,259 | 537,734 | |||
Shareholdersʹ Funds | |||||||||
1,971,436 | 1,983,275 | 1,981,409 | 1,802,212 | 1,994,681 | 1,813,751 | ||||
Non‐current Liabilities | |||||||||
467,648 | 467,648 | Deferred Taxation | 466,756 | 419,236 | 466,756 | 419,236 | |||
21,907 | 21,907 | Retirement Benefit Obligations | 22,886 | 28,060 | 22,886 | 28,060 | |||
489,555 | 489,555 | Current Liabilities | 489,643 | 447,296 | 489,643 | 447,296 | |||
163,324 | 165,846 | Trade and Other Payables | 30,271 | 89,473 | 32,141 | 90,016 | |||
12,472 | 12,222 | Current Tax Liability | 4,470 | 10,846 | 4,935 | 11,106 | |||
‐ | ‐ | Bank Overdraft | 20,524 | 5,402 | 20,524 | 5,402 | |||
175,796 | 178,068 | 55,264 | 105,721 | 57,599 | 106,524 | ||||
665,351 | 667,623 | Total Liabilities | 544,907 | 553,017 | 547,242 | 553,820 | |||
Total Equity and Liabilities | 2,526,316 | 2,355,229 | 2,541,923 | 2,367,571 | |||||
2,636,787 | 2,650,898 | ||||||||
The Statement of Financial Position as at 31st December 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 Companies Act No.7 of 2007.
Rajeev Aloysius | Jeremy Aloysius |
Jt. Managing Director / CFO | Jt. Managing Director |
24 January 2023 |
The Autodrome PLC | 3 |
Interim Report 31 December 2022 | |
Company Statement of Proft or Loss & Other Comprehensive Income
Y/E 31.03.2022 | Quarter ended 31 December | Nine Months ended 31 December | ||||||||||
Audited | Notes | 2022 (Unaudited) 2021 (Unaudited) | Change | 2022 (Unaudited) | 2021 (Unaudited) | Change | ||||||
651,374 | Turnover | 38,200 | 158,655 | (75.9%) | 168,308 | 473,443 | (64.5%) | |||||
(482,111) | Cost of Sales | (21,873) | (114,410) | (80.9%) | (109,363) | (348,979) | (68.7%) | |||||
Gross Profit | (63.1%) | (52.6%) | ||||||||||
169,263 | 16,327 | 44,245 | 58,945 | 124,464 | ||||||||
26,621 | Other Operating Income | 7,324 | 6,521 | 12.3% | 20,972 | 21,390 | (2.0%) | |||||
195,884 | 23,651 | 50,766 | (53.4%) | 79,917 | 145,854 | (45.2%) | ||||||
Less :Expenses | ||||||||||||
(112,522) | Administrative Expenses | (35,691) | (30,750) | 16.1% | (94,104) | (84,519) | 11.3% | |||||
(6,802) | Marketing Expenses | (542) | (5,084) | (89.3%) | (1,379) | (5,514) | (75.0%) | |||||
1.1% | 6.1% | |||||||||||
(119,324) | (36,233) | (35,834) | (95,483) | (90,033) | ||||||||
76,560 | Operating Profit | (12,582) | 14,932 | (184.3%) | (15,566) | 55,821 | (127.9%) | |||||
32,153 | Finance Income | 7 | 25,185 | 7,675 | 228.1% | 65,689 | 21,818 | 201.1% | ||||
(40,632) | Finance Cost | 8 | (535) | (61) | 776.8% | (36,206) | (8,578) | 322.1% | ||||
Profit before taxation | (46.5%) | (79.8%) | ||||||||||
68,081 | 12,069 | 22,546 | 13,918 | 69,061 | ||||||||
(19,281) | Taxation | (3,587) | (6,190) | (42.1%) | (4,027) | (19,227) | (79.1%) | |||||
Profit after taxation | (48.1%) | (80.2%) | ||||||||||
48,800 | 8,482 | 16,356 | 9,891 | 49,834 | ||||||||
Other Comprehensive Income | ||||||||||||
219,912 | Revaluation of Property,Plant & Equipment | ‐ | ‐ | ‐ | ‐ | |||||||
(52,779) | Deferred Tax on Property Revaluation | ‐ | ‐ | ‐ | ‐ | |||||||
Reversal of Deferred tax on Revalued Assets | ‐ | ‐ | ||||||||||
4,576 | Defined Benefit Plan actuarial gain/ (losses) | 72 | ‐ | 108 | 464 | (76.8%) | ||||||
Deferred tax on Defined Benefit Plan | ||||||||||||
(1,098) | actuarial gain/(losses) | (9) | ‐ | (26) | (111) | (76.8%) | ||||||
170,611 | Other comprehensive income net of tax | (76.8%) | ||||||||||
63 | ‐ | 82 | 353 | |||||||||
219,411 | Total Comprehensive Income | 8,545 | 16,356 | 9,973 | 50,187 | |||||||
4.07 | Earnings Per Share (Rs.) | 0.71 | 1.36 | (48.1%) | 0.82 | 4.15 | (80.2%) |
Note: All values are in Rupees ʹ000s, unless otherwise stated.The above figures are subject to audit.
The Autodrome PLC | 4 |
Interim Report 31 December 2022 | |
Group Statement of Profit or Loss & Other Comprehensive Income
Y/E 31.03.2022 | Quarter ended 31 December | Nine Months ended 31 December | ||||||||||
Audited | Notes | 2022 (Unaudited) 2021 (Unaudited) | Change | 2022 (Unaudited) | 2021 (Unaudited) | Change | ||||||
652,237 | Turnover | 38,619 | 158,974 | (75.7%) | 170,137 | 474,064 | (64.1%) | |||||
(482,111) | Cost of Sales | (21,873) | (114,410) | (80.9%) | (109,363) | (348,979) | (68.7%) | |||||
Gross Profit | (62.4%) | (51.4%) | ||||||||||
170,126 | 16,746 | 44,564 | 60,774 | 125,085 | ||||||||
26,286 | Other Operating Income | 7,224 | 6,386 | 13.1% | 20,671 | 21,255 | (2.7%) | |||||
(53.0%) | (44.3%) | |||||||||||
23,970 | 50,950 | 81,445 | 146,340 | |||||||||
Less :Expenses | ||||||||||||
(112,784) | Administrative Expenses | (35,842) | (30,668) | 16.9% | (94,456) | (84,319) | 12.0% | |||||
(6,802) | Marketing Expenses | (542) | (5,084) | (89.3%) | (1,379) | (5,514) | (75.0%) | |||||
1.8% | 6.7% | |||||||||||
(119,586) | (36,384) | (35,752) | (95,835) | (89,833) | ||||||||
76,826 | Operating Profit | (12,414) | 15,198 | (181.7%) | (14,390) | 56,507 | (125.5%) | |||||
33,334 | Finance Income | 7 | 25,746 | 7,952 | 223.8% | 67,059 | 22,633 | 196.3% | ||||
(40,632) | Finance Cost | 8 | (535) | (61) | 776.8% | (36,206) | (8,578) | 322.1% | ||||
Profit before taxation | (44.6%) | (76.7%) | ||||||||||
69,528 | 12,797 | 23,089 | 16,463 | 70,562 | ||||||||
(19,640) | Taxation | (3,762) | (6,312) | (40.4%) | (4,638) | (19,523) | (76.2%) | |||||
Profit after taxation | (46.1%) | (76.8%) | ||||||||||
49,888 | 9,035 | 16,777 | 11,825 | 51,039 | ||||||||
Other Comprehensive Income | ||||||||||||
219,912 | Revaluation of Property,Plant & Equipment | ‐ | ‐ | ‐ | ‐ | |||||||
(52,779) | Deferred Tax on Property Revaluation | ‐ | ‐ | ‐ | ‐ | |||||||
‐ | Reversal of Deferred tax on Revalued Assets | ‐ | ‐ | ‐ | ‐ | |||||||
4,576 | Acturial Gain/(Loss) on Defined Benefit Plan | 72 | ‐ | 108 | 464 | (76.8%) | ||||||
(1,098) | Income tax effect | (9) | ‐ | (26) | (111) | (76.8%) | ||||||
170,611 | Other comprehensive income net of tax | 63 | ‐ | 82 | 353 | (76.8%) | ||||||
Total Comprehensive Income | ||||||||||||
220,499 | 9,098 | 16,777 | 11,907 | 51,392 | ||||||||
Earnings Per Share (Rs.) | (46.1%) | (76.8%) | ||||||||||
4.16 | 0.75 | 1.40 | 0.99 | 4.25 |
Note: All values are in Rupees ʹ000s, unless otherwise stated. The above figures are subject to audit.
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Autodrome plc published this content on 24 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 January 2023 09:26:02 UTC.