CEYLON PRINTERS PLC
Statement of Profit or Loss and Other Comprehensive Income
Group | Three | Three | |||
months ended | months ended | ||||
30th June 2022 | 30th June 2021 | Variance | |||
Rs. | Rs. | % | |||
Revenue | 46,048,985 | 37,679,560 | 22.21 | ||
Cost of Sales | (27,641,197) | (37,060,527) | (25.42) | ||
Gross Profit /(Loss) | 18,407,788 | 619,033 | 2,873.64 | ||
Other Income | 202,795 | 360,720 | (43.78) | ||
Selling and Distribution Cost | (16,800) | (139,111) | (87.92) | ||
Administration Expenses | (20,153,156) | (3,869,620) | 420.80 | ||
Results from Operating activities | (1,559,373) | (3,028,978) | (48.52) | ||
Finance Cost | (1,029,088) | (752,248) | 36.80 | ||
Finance Income | 6,184 | 19,828 | (68.81) | ||
Net Finance (Cost/Income) | (1,022,904) | (732,420) | 39.66 | ||
Profit/(Loss) before Income Taxation | (2,582,277) | (3,761,398) | (31.35) | ||
Income Tax Expenses | 0 | (258,884) | (100.00) | ||
Profit /(Loss) After Income Taxation | (2,582,277) | (4,020,282) | (35.77) | ||
Other Comprehensive Income | |||||
Net charge in fair value of available-for-sale financial assets | (9,744) | (7,574) | |||
Deficit/(Surplus) Change on Employee Retirement | |||||
Benefit Obligation | (215,641) | 416,753 | |||
Other Comprehensive Income /(Expense) for the period | (225,385) | 409,179 | (155.08) | ||
Total Comprehensive Income /(Expense) for the period | (2,807,662) | (3,611,103) | (22.25) | ||
Profit/Loss attributable to: | (35.52) | ||||
Equity holders of the parent | (2,585,634) | (4,010,285) | |||
Non controlling Interest | 3,357 | (9,997) | (133.58) | ||
Profit/(Loss) for the period | (2,582,277) | (4,020,282) | (35.77) | ||
Total Comprehensive expense attributable to | (21.88) | ||||
Equity holders of the parent | (2,811,127) | (3,598,581) | |||
Non controlling Interest | 3,465 | (12,522) | (127.67) | ||
Total Comprehensive Income /(Expense) for the period | (2,807,662) | (3,611,103) | (22.25) | ||
Earnings Per Share | (4.31) | (6.68) | |||
Segmental Analysis | |||||
Printing | 46,023,389 | 33,928,309 | |||
ATM Cards | 0 | 3,712,500 | |||
Service | 25,596 | 38,751 | |||
46,048,985 | 37,679,560 |
NOTES TO THE ACCOUNTS
- The figures are provisional and subject to audit.
- The condensed interim financial statements have been prepared in accordance with Sri Lanka Accounting Standards-LKAS 34 Interim Financial Reporting, and has applied the same accounting policies and methods of computation which have been adopted in the previous year.
- Comparative figures have been re-classified to conform with the current year's presentation.
- There are no other material events, which have occurred subsequent to the period where adjustments are necessary.
- There are no changes in contingent liabilities of material nature since the last annual balance sheet date.
Stated Capital
Stated Capital is represented by number of shares in issue as given below.
As at | 30th June 2022 | 30th June 2021 |
Ordinary shares | 600,170 | 600,170 |
Market price per share | 2022 | 2021 |
For the quarter ended 30th June | ||
Rs. | Rs. | |
Highest price | No Trading | No Trading |
Lowest price | No Trading | No Trading |
Closing price as at 30th June | No Trading | No Trading |
L.I.Ratnasabapathy | ||
Director | ||
A.M.De Alwis | ||
Director | ||
Date 22nd August 2022 |
CEYLON PRINTERS PLC
Statement of Profit or Loss and Other Comprehensive Income
Company | Three | Three | ||
months ended | months ended | Variance | ||
30th June 2022 | 30th June 2021 | |||
Rs. | Rs. | % | ||
Revenue | 46,023,389 | 37,640,809 | 22.27 | |
Cost of Sales | (28,030,048) | (38,355,913) | (26.92) | |
Gross Profit /(Loss) | 17,993,341 | (715,104) | (2,616.19) | |
Other Income | 202,795 | 360,720 | (43.78) | |
Selling and Distribution Cost | (16,800) | (139,111) | (87.92) | |
Administration Expenses | (9,754,439) | (3,378,459) | 188.72 | |
Results from Operating activities | 8,424,897 | (3,871,954) | (317.59) | |
Finance Cost | (939,340) | (712,915) | 31.76 | |
Finance Income | 0 | 3,627 | (100.00) | |
Net Finance (Cost/Income) | (939,340) | (709,288) | 32.43 | |
Profit/(Loss) before Income Taxation | 7,485,557 | (4,581,242) | (263.40) | |
Income Tax Expenses | 0 | 0 | #DIV/0! | |
Profit/(Loss) After Income Taxation | 7,485,557 | (4,581,242) | (263.40) | |
Other Comprehensive Income | #DIV/0! | |||
Net charge in fair value of available-for-sale financial assets | 0 | 0 | ||
Deficit/(Surplus) Change on Employee Retirement | ||||
Benefit Obligation | (254,230) | 302,105 | ||
Other Comprehensive Income /(Expense) for the period | (254,230) | 302,105 | (184.15) | |
Total Comprehensive Income /(Expense) for the period | 7,231,327 | (4,279,137) | (268.99) | |
Earnings Per Share | 12.47 | (7.63) |
The above figures are Provisional and unaudited
L.I.Ratnasabapathy
Director
A.M.De Alwis
Director
Date 22nd August 2022
CEYLON PRINTERS PLC
Statement of Financial Position
Group | Company | |||||
As at | 30th June 2022 6 | 30th June 2021 | 31st March 2022 | 30th June 2022 | 30th June 2021 | 31st March 2022 |
ASSETS | Rs. | Rs. | Rs. | Rs. | Rs. | Rs. |
Non-Current Assets | ||||||
Property,Plant and Equipment | 39,446,476 | 42,913,108 | 41,606,006 | 32,190,856 | 34,129,988 | 33,968,510 |
Investment in Subsidiaries | 0 | 0 | 0 | 9,300,000 | 9,300,000 | 9,300,000 |
Non Current Financial Assets | 653,477 | 668,635 | 663,221 | 383,880 | 383,880 | 383,880 |
Total Non Current Assets | 40,099,953 | 43,581,743 | 42,269,227 | 41,874,736 | 43,813,868 | 43,652,390 |
Current Assets | ||||||
Inventories | 24,443,665 | 20,700,251 | 31,871,362 | 24,443,665 | 20,700,251 | 31,871,362 |
Trade and Other Receivables | 27,376,008 | 31,452,736 | 16,478,887 | 27,180,642 | 22,645,037 | 16,299,522 |
Related Company Balances | 0 | 50,047 | 0 | 0 | 0 | 0 |
Other Financial Assets | 14,558,926 | 15,309,215 | 14,614,070 | 3,412,249 | 3,667,538 | 3,446,784 |
Income Tax Refund | 48,524 | 88,274 | 48,523 | 17,360 | 17,360 | 17,360 |
Income Tax receivable | 36,260 | 95,446 | 36,260 | 36,260 | 36,260 | 36,260 |
Cash and Cash Equivalents | 7,316,762 | 1,075,940 | 2,316,051 | 2,100,917 | 916,002 | 1,800,917 |
Total Current Assets | 73,780,145 | 68,771,909 | 65,365,153 | 57,191,093 | 47,982,448 | 53,472,205 |
TOTAL ASSETS | 113,880,098 | 112,353,652 | 107,634,380 | 99,065,829 | 91,796,316 | 97,124,595 |
EQUITY AND LIABILITIES | ||||||
Capital and Reserves | ||||||
Stated Capital (600,170) | 30,358,500 | 30,358,500 | 30,358,500 | 30,358,500 | 30,358,500 | 30,358,500 |
Other Components of Equity | 468,225 | 463,445 | 477,969 | 343,754 | 343,754 | 343,754 |
Revaluation Reserves | 21,265,425 | 16,565,427 | 21,265,425 | 14,747,625 | 10,047,628 | 14,747,625 |
Retained Earnings | -60,193,669 | -56,018,908 | -57,395,751 | -51,076,130 | -56,078,142 | -58,307,457 |
Total Equity Attributable to Owners of the Compan | -8,101,519 | -8,631,536 | -5,293,857 | -5,626,251 | -15,328,260 | -12,857,578 |
Non Controlling Interest | 2,013,271 | 2,074,195 | 2,006,449 | 0 | 0 | |
Total Equity | -6,088,248 | -6,557,341 | -3,287,408 | -5,626,251 | -15,328,260 | -12,857,578 |
Non Current Liabilities | ||||||
Loans and Borrowings | 28,450,000 | 29,850,000 | 29,555,000 | 28,450,000 | 29,850,000 | 29,555,000 |
Retirement Benefit Obligation | 7,664,672 | 8,726,590 | 7,123,985 | 3,124,591 | 4,736,367 | 2,722,153 |
Total Non Current Liabilities | 36,114,672 | 38,576,590 | 36,678,985 | 31,574,591 | 34,586,367 | 32,277,153 |
Current Liabilities | ||||||
Trade and Other Payables | 26,763,261 | 31,331,267 | 17,996,470 | 25,888,641 | 31,931,198 | 27,055,208 |
Related Company Balances | 24,584,552 | 17,198,738 | 21,205,788 | 15,375,432 | 11,286,101 | 18,234,561 |
Bank Overdraft | 18,351,922 | 16,463,147 | 12,703,563 | 18,293,911 | 14,238,543 | 10,672,703 |
Income tax liabilities | 594,434 | 258,884 | 594,434 | 0 | 0 | |
Loans and Borrowings | 13,559,505 | 15,082,367 | 21,742,548 | 13,559,505 | 15,082,367 | 21,742,548 |
Total Current liabilities | 83,853,674 | 80,334,403 | 74,242,803 | 73,117,489 | 72,538,209 | 77,705,020 |
TOTAL EQUITY AND LIABILITIES | 113,880,098 | 112,353,652 | 107,634,380 | 99,065,829 | 91,796,316 | 97,124,595 |
Net Asset Value Per Share | (13.50) | (14.38) | (8.82) | (9.37) | (25.54) | (21.42) |
- | - | - | - | - | - |
L.I.Ratnasabapathy
Director
A.M.De Alwis
Director
Date 22nd August 2022
CEYLON PRINTERS PLC
Statement of Changes in Equity
For Three Months Ended 30th June 2022
Group | Stated Revaluation | Retained | Available for Non Controlling | Total | ||
Capital | Reserve | Earnings | sale Reserve | Interest | ||
Rs. | Rs. | Rs. | Rs. | Rs. | Rs. | |
Balance as at 01/04/2021 | 30,358,500 | 16,565,427 | (52,415,379) | 471,019 | 2,096,714 | (2,923,719) |
Profit/(Loss) for the period | 0 | 0 | (4,020,282) | 0 | (9,997) | (4,030,279) |
Other Comprehensive Income /(Expense) for the year | 0 | 0 | 416,753 | (7,574) | (12,522) | 396,657 |
Total Other Comprehensive Income /(Expense) for the year | 0 | 0 | (3,603,529) | (7,574) | (22,519) | (3,633,622) |
Balance as at 30/06/2021 | 30,358,500 | 16,565,427 | (56,018,908) | 463,445 | 2,074,195 | (6,557,341) |
Balance as at 01/04/2022 | 30,358,500 | 21,265,425 | (57,395,751) | 477,969 | 2,006,449 | (3,287,408) |
Profit/(Loss) for the period | 0 | (2,582,277) | 0 | 3,357 | (2,578,920) | |
Other Comprehensive Income /(Expense) for the year | 0 | (215,641) | (9,744) | 3,465 | (221,920) | |
Reserves-FA Replacement Reserve | 0 | 0 | ||||
Total Other Comprehensive Income /(Expense) for the year | 0 | (2,797,918) | (9,744) | 6,822 | (2,800,840) | |
Balance as at 30/06/2022 | 30,358,500 | 21,265,425 | (60,193,669) | 468,225 | 2,013,271 | (6,088,248) |
Company | Stated Revaluation | Retained | Available for | Total | ||
Capital | Reserve | Earnings | sale Reserve | |||
Rs. | Rs. | Rs. | Rs. | Rs. | ||
Balance as at 01/04/2021 | 30,358,500 | 10,047,628 | (51,799,005) | 343,754 | (11,049,123) | |
Profit/(Loss) for the period | 0 | (4,581,242) | 0 | (4,581,242) | ||
Other Comprehensive Income /(Expense) for the year | 0 | 302,105 | 0 | 302,105 | ||
0 | (4,279,137) | 0 | (4,279,137) | |||
Balance as at 30/06/2021 | 30,358,500 | 10,047,628 | (56,078,142) | 343,754 | (15,328,260) | |
Balance as at 01/04/2022 | 30,358,500 | 14,747,625 | (58,307,457) | 343,754 | (12,857,578) | |
Profit/(Loss) for the period | 0 | 7,485,557 | 0 | 7,485,557 | ||
Other Comprehensive Income /(Expense) for the year | 0 | (254,230) | 0 | (254,230) | ||
Reserves-FA Replacement Reserve | 0 | 0 | ||||
Total Other Comprehensive Income /(Expense) for the year | 0 | 7,231,327 | 0 | 7,231,327 | ||
Balance as at 30/06/2022 | 30,358,500 | 14,747,625 | (51,076,130) | 343,754 | (5,626,251) |
CEYLON PRINTERS PLC
Cash Flow Statements
Group | Company | ||||
Three | Three | Three e | Three | ||
months ended | months ended | months ended | months ended | ||
30th June 2022 | 30th June 2021 | 30th June 2022 | 30th June 2021 | ||
Cash Flow From Operating Activities | Rs. | Rs. | Rs. | Rs. | |
Net Profit/(Loss) Before Taxation And Extraordinary Items | (2,582,277) | (3,761,398) | 7,485,557 | (4,581,242) | |
Adjustment for | |||||
Depreciation | 2,159,530 | 1,904,706 | 1,777,654 | 1,522,830 | |
Interest Cost | 1,029,088 | 752,248 | 939,340 | 712,915 | |
Provision For Gratuity | 325,045 | 467,806 | 148,207 | 277,069 | |
Operating Profit/(Loss) Before Working Capital Changes | 931,386 | (636,638) | 10,350,758 | (2,068,428) | |
Working Capital Adjustment | |||||
Increase /( Decrease) in Inventories | 7,427,697 | (2,767,595) | 7,427,697 | (2,767,595) | |
Increase / (Decrease) in Trade and Other Receivables | (10,841,978) | (2,739,605) | (10,846,586) | (441,365) | |
Increase /( Decrease) in Trade and Other Payables | 8,773,613 | 9,802,446 | (1,166,565) | 9,725,955 | |
Increase / (Decrease) Change in Other Accounts Payable | 3,378,764 | 3,411,760 | (2,859,129) | 3,012,906 | |
Cash Generated From Operations | 9,669,482 | 7,070,368 | 2,906,175 | 7,461,473 | |
Gratuity Paid | 0 | (389,950) | 0 | (389,950) | |
Net Cash Flows From Operating Activities | 9,669,482 | 6,680,418 | 2,906,175 | 7,071,523 | |
Cash Flow From Investing Activities | |||||
Purchase of Property, Plant And Equipment | 0 | (154,775) | 0 | (154,775) | |
Fixed Deposit Investment During the Year | 0 | (4,239) | 0 | 0 | |
Net Cash Flow from Investing Activities | 0 | (159,014) | 0 | (154,775) | |
Cash Flow From Financing Activities | |||||
Other Loans | (9,288,043) | (8,005,591) | (9,288,043) | (8,005,591) | |
Interest Cost | (1,029,088) | (752,248) | (939,340) | (712,915) | |
Net Cash Flows From Financing Activities | (10,317,131) | (8,757,839) | (10,227,383) | (8,718,506) | |
Net Increase/(Decrease) In Cash and Cash Equivalents | (647,649) | (2,236,435) | (7,321,208) | (1,801,758) | |
Cash and Cash Equivalents at the Beginning of the Year | (10,387,511) | (13,150,772) | (8,871,786) | (11,520,783) | |
Cash and Cash Equivalents at the End of the Year (Note A) | (11,035,160) | (15,387,207) | (16,192,994) | (13,322,541) | |
Note A - Cash and Cash Equivalents | |||||
Favourable Balances | 7,316,762 | 1,075,940 | 2,100,917 | 916,002 | |
Cash in hand and at Bank | |||||
Unfavourable Balances | |||||
Bank Overdraft | (18,351,922) | (16,463,147) | (18,293,911) | (14,238,543) | |
(11,035,160) | (15,387,207) | (16,192,994) | (13,322,541) |
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Ceylon Printers plc published this content on 23 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 August 2022 14:37:02 UTC.