YORK ARCADE HOLDINGS PLC
PQ 181
INTERIM FINANCIAL STATEMENTS
For The Year Ended
31st March, 2022
YORK ARCADE HOLDINGS PLC
PQ 181
Statement of Financial Position
Un audited | Audited | ||
As at | As at | ||
31.03.2022 | 31.03.2021 | ||
Rs.'000 | Rs.'000 | ||
ASSETS | |||
Non-Current Assets | |||
Other Financial Assets - Non Current | 23,011 | 23,229 | |
Deferred Tax Asset | 897 | 897 | |
23,908 | 24,126 | ||
Current Assets | |||
Trade and other Receivables | 7,800 | 7,917 | |
Amounts due from Related Companies | 84,880 | 83,092 | |
Short Term Investment | 53,343 | 50,908 | |
Cash & Cash Equivalents | 2,366 | 4,520 | |
148,389 | 146,437 | ||
Total Assets | 172,297 | 170,563 | |
EQUITY & LIABILITIES | |||
Equity | |||
Stated Capital | 14,400 | 14,400 | |
General Reserve | 10,000 | 10,000 | |
Retained Earnings | 123,648 | 119,477 | |
Fair Value Reserve | 9,323 | 9,494 | |
Total Equity | 157,371 | 153,371 | |
Non-Current Liabilities | |||
Deferred Tax Liability | 503 | 503 | |
503 | 503 | ||
Current Liabilities | |||
Trade and Other Payables | 763 | 1,454 | |
Income Tax Payable | 13,320 | 14,414 | |
Bank Overdraft | 340 | 821 | |
Total Current Liabilities | 14,423 | 16,689 | |
Total Liabilities | 14,926 | 17,192 | |
Total Equity and Liabilities | 172,297 | 170,563 | |
Net Assets per Share | 209.83 | 204.49 |
The Board of Directors is responsible for Preparation and Presentation of these Financial Statements.
(Sgd.) | (Sgd.) |
S.D.R. Arudpragasam | S. Shanmugalingam |
Director | Director |
26.05.2022
YORK ARCADE HOLDINGS PLC
PQ 181
Statement Of Comprehensive Income
Un audited | Un audited | Un audited | Audited | |||||||
Quarter | Quarter | Variance | Year | Year | Variance | |||||
ended | ended | ( + / - ) | % | ended | ended | ( + / - ) | % | |||
31.03.2022 | 31.03.2021 | 31.03.2022 | 31.03.2021 | |||||||
Rs. '000 | Rs. '000 | Rs. '000 | Rs. '000 | |||||||
Revenue | - | - | - | - | - | - | - | - | ||
Direct Cost | - | - | - | - | - | - | - | - | ||
Gross Profit | - | - | - | - | - | - | - | - | ||
Other Income | 370 | 2,558 | - | 86 | 420 | 2,589 | - | 84 | ||
Administration Expenses | (695) | (1,351) | + | 49 | (3,197) | (4,488) | + | 29 | ||
Net Finance Income / (Cost) | 1,966 | 4,008 | - | 51 | 8,199 | 10,811 | - | 24 | ||
Profit before Income Tax | 1,641 | 5,215 | - | 69 | 5,422 | 8,912 | - | 39 | ||
Income Tax | (332) | (740) | + | 55 | (1,251) | (1,627) | + | 23 | ||
Profit for the period | 1,309 | 4,475 | - | 71 | 4,171 | 7,285 | - | 43 | ||
Fair Value Gain (Loss) From | ||||||||||
Available for sale Financial Assets | (5,380) | 307 | - | 1,852 | (171) | 3,099 | - | 106 | ||
Tax on other Comprehensive Income Available for | - | - | - | |||||||
sale financial asset-reclassified to profit & Loss | ||||||||||
- | (1) | - | ||||||||
Total Comprehensive Income For the Period | (4,071) | 4,782 | - | 185 | 4,000 | 10,383 | - | 61 | ||
Earnings / (Deficit) per share (Rs.) | ||||||||||
1.75 | 5.97 | 5.56 | 9.71 | |||||||
STATEMENT OF CHANGES IN EQUITY | ||||||||||
Stated | General | Retained | Fair Value | Total | ||||||
Capital | Reserve | Earnings | Reserve | |||||||
Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | Rs.'000 | ||||||
Balance as at 01st April 2020 | 14,400 | 10,000 | 112,192 | 6,395 | 142,987 | |||||
Net Profit / (Loss) for the period | - | - | 7,285 | - | 7,285 | |||||
Other Comprehensive Income | - | - | - | 3,099 | 3,099 | |||||
Balance as at 31st March, 2021 | 14,400 | 10,000 | 119,477 | 9,494 | 153,371 | |||||
Balance as at 01st April 2021 | 14,400 | 10,000 | 119,477 | 9,494 | 153,371 | |||||
Net Profit / (Loss) for the period | - | 4,171 | 4,171 | |||||||
Other Comprehensive Income | - | - | (171) | (171) | ||||||
Balance as at 31st March,2022 | ||||||||||
14,400 | 10,000 | 123,648 | 9,323 | 157,371 |
YORK ARCADE HOLDINGS PLC
PQ 181 | |||
Un audited | Audited | ||
Year | Year | ||
ended | ended | ||
31.03.2022 | 31.03.2021 | ||
CASH FLOWS FROM OPERATING ACTIVITIES | Rs. '000 | Rs. '000 | |
Profit before Income Tax | 5,422 | 8,912 | |
Adjustments for : | |||
Interest Income | (8,199) | (10,860) | |
Interest Expense | - | 49 | |
Impairment reversal of financial assets measured at amortised cost | - | (2,189) | |
Dividend Income | (420) | (399) | |
Profit before Working Capital Changes | (3,197) | (4,487) | |
(Increase) / Decrease in Trade and Other Receivables | 117 | 112 | |
(Increase) / Decrease in Amount due from related companies | 2,376 | 180 | |
Increase / (Decrease) in Trade and other payables | (691) | (238) | |
Cash Generated from Operations | (1,395) | (4,433) | |
Interest paid | - | (49) | |
Income Tax paid | (2,345) | (13,385) | |
Net Cash generated from / (used in) Operating Activities | (3,740) | (17,868) | |
CASH FLOWS FROM INVESTING ACTIVITIES | |||
Investment in Short Term Investments | (2,414) | 15,159 | |
Dividend Received | 420 | 399 | |
Debenture Redeemed | - | 5,000 | |
Acquisition of Investments | (12) | - | |
Loan granted | - | (7,834) | |
Interest Received | 4,073 | 8,956 | |
Net Cash generated from / (used in) Investing Activities | 2,067 | 21,680 | |
CASH FLOWS FROM FINANCING ACTIVITIES | |||
Re- Purchase of shares/Dividend Paid | - | - | |
Net Cash flow used in Financing Activities | - | - | |
Net Increase / (Decrease) in Cash & Cash Equivalents | (1,673) | 3,812 | |
Cash & Cash Equivalents at the beginning of the Year | 3,699 | (113) | |
Cash & Cash Equivalents at the end of the period | 2,026 | 3,699 | |
Cash & Cash Equivalents at the end of the period | |||
Cash at Bank | 2,366 | 4,520 | |
Cash in Hand | - | - | |
Bank Overdraft | (340) | (821) | |
2,026 | 3,699 |
YORK ARCADE HOLDINGS PLC
PQ 181
NOTES TO THE INTERIM FINANCIAL STATEMENTS
For the Period Ended 31st March, 2022
The interim Financial Statements have been prepared in compliance with the requirements of the Sri Lanka Accounting Standard - LKAS 34 on
- Interim Financial Reporting. These Interim Financial Statements should be read in conjunction with the Annual Financial Statements for the year ended 31st March 2021.
- The balances pertaining to the comparative period have been reclassified, where relevant, for better presentation and to be comparable with those of the current period.
- No circumstances have arisen since the reporting period, that required adjustments to or disclosures in the financial statements.
- The figures in the Financial Statements are provisional and subject to audit.
- There has been no significant change in the nature of the contingent liabilities which were disclosed in the audited
financial statements for the year ended 31st March 2021.
6 Directors direct shareholdings as at 31st March, 2022 as follows:
Name of Director | No. of Shares | |
Mr. S. Shanmugalingam | *195 | |
Mr. Amrit Rajaratnam | 30 | |
*Aggregate of 179 fractional shares held in trust consequent to Consolidation of shares in 2018 | ||
7 | The percentage of shares held | by the public as at 31st March, 2022 was 48.46% |
8 | The Number of Public Shareholders as at 31.03.2022 were 1,254 |
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York Arcade Holdings plc published this content on 27 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 May 2022 11:42:21 UTC.