COLOMBO CITY HOLDINGS PLC Interim Financial Statements
Period ended 31 December 2021
Corporate Information
Domicile & Legal Form Colombo City Holdings PLC is a Public Limited Liability Company incorporated and domiciled in Sri Lanka. The registered office of the Company is located at No. 10, 5th Floor, Gothami Road, Colombo 08.
Quoted on the Colombo Stock Exchange on the 01 January 1949 and incorporated in Sri Lanka in 1913 and Re- registered under the Companies Act No. 07 of 2007 on 13 August 2007.
Principal Activity & Nature | Real Estate Company | ||
of the Company | |||
Company Reg. No. | PQ 71 | ||
Board of Directors | Mr. A. G. Weerasinghe (Chairman) | - | Chairman |
Mr. A. W. Atukorala | - | Non-Executive Director | |
Mr. C. S. Devasurendra | - | Non-Executive Director | |
Dr. K. S. Narangoda | - | Executive Director | |
Mr. Y. Kanagasabai | - | Non-Executive Director | |
Mr. D. R. Abeysuriya | - | Non-Executive Director | |
Secretaries | NEXIA CORPORATE CONSULTANTS (PRIVATE) LIMITED |
No. 181, 1st Floor, Nawala Road, Narahenpita, Colombo 05.
Registrars | S S P CORPORATE SERVICES (PRIVATE) LIMITED | |
101, Inner Flower Road, Colombo 3 | ||
Auditors | ERNST & YOUNG | |
Chartered Accountants, No. 201, De Saram Place, Colombo 10. | ||
Bankers | Pan Asia Banking Corporation PLC | |
Nations Trust Bank PLC | ||
Seylan Bank PLC | ||
National Development Bank PLC | ||
Standard Chartered Bank | ||
Contact Details | Registered Office | |
No. 10, 5th Floor, Gothami Road, Colombo 08. | ||
Telephone | - +94 11 5960000 | |
Fax | - +94 11 2680225 |
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COLOMBO CITY HOLDINGS PLC
STATEMENT OF PROFIT OR LOSS
GROUP | COMPANY | ||||||
For the Quater Ended 31st December | 2021 | 2020 | % Change | 2021 | 2020 | % Change | |
Un-Audited | Un-Audited | Un-Audited | Un-Audited | ||||
Rs 000 | Rs 000 | Rs 000 | Rs 000 | ||||
Revenue (Note 09) | 9,254 | 12,538 | -26% | - | 3,059 | -100% | |
Direct Cost | (715) | (1,014) | -29% | - | (316) | -100% | |
Gross Profit | -26% | -100% | |||||
8,539 | 11,524 | - | 2,743 | ||||
Other Income | 11,243 | - | 100% | 11,242 | - | 100% | |
Administrative Expenses | (8,103) | (5,963) | 36% | (7,254) | (5,433) | 34% | |
Change in Fair Value of Financial Assets measured | |||||||
at fair value through Profit or Loss | 17,502 | 7 | 244166% | 17,502 | - | 100% | |
Operating Profit | 29,181 | 5,569 | 424% | 21,490 | (2,690) | -899% | |
Finance Income | 24,345 | 22,608 | 8% | 24,086 | 22,608 | 7% | |
Finance Cost | (995) | (3,950) | -75% | (928) | (3,849) | -76% | |
Taxes on financial services | (531) | 188 | -383% | - | - | 0% | |
Profit Before Tax | 113% | 178% | |||||
52,000 | 24,414 | 44,648 | 16,069 | ||||
Income Tax Expense | (5,524) | (6,216) | -11% | (3,885) | (4,470) | -13% | |
Profit for the Period | 155% | 251% | |||||
46,476 | 18,198 | 40,763 | 11,599 | ||||
Earnings per share | |||||||
Basic (Rs.) | 36.51 | 14.30 | 32.02 | 9.11 | |||
The Notes form an integral part of these Financial Statements
Figures in bracket indicate deductions
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COLOMBO CITY HOLDINGS PLC
STATEMENT OF OTHER COMPREHENSIVE INCOME
GROUP | COMPANY | ||||||
For the Quarter Ended 31st December | 2021 | 2020 | 2021 | 2020 | |||
Un-Audited | Un-Audited | Un-Audited | Un-Audited | ||||
Rs 000 | Rs 000 | Rs 000 | Rs 000 | ||||
Profit for the Period | 46,476 | 18,198 | 40,763 | 11,599 | |||
Other Comprehensive Income | |||||||
Other Comprehensive Income to be Reclassified to Profit or | |||||||
Loss in Subsequent Year | - | - | - | - | |||
Other Comprehensive Income to be Reclassified Not to Profit | |||||||
or Loss in Subsequent Year | |||||||
Actuarial Gain /(Loss) on Defined Benefit Plans | - | - | - | - | |||
Income Tax effect on Other Comprehensive Income | - | - | - | - | |||
- | - | - | - | ||||
Total Other Comprehensive Income for the Period, Net of Tax | |||||||
- | - | - | - | ||||
Total Comprehensive Income for the Period | |||||||
46,476 | 18,198 | 40,763 | 11,599 | ||||
3
COLOMBO CITY HOLDINGS PLC
STATEMENT OF PROFIT OR LOSS
GROUP | COMPANY | ||||||
For the Period Ended 31st December | 2021 | 2020 | % Change | 2021 | 2020 | % Change | |
Un-Audited | Un-Audited | Un-Audited | Un-Audited | ||||
Rs 000 | Rs 000 | Rs 000 | Rs 000 | ||||
Revenue (Note 09) | 602,600 | 43,289 | 1292% | 577,256 | 8,572 | 6634% | |
Direct Cost | (577,178) | (2,967) | 19356% | (575,546) | (941) | 61080% | |
Gross Profit | -37% | -78% | |||||
25,422 | 40,322 | 1,710 | 7,631 | ||||
Other Income | 11,243 | - | 100% | 11,242 | - | 100% | |
Selling and Distribution Expenses | - | (8,822) | -100% | - | - | 0% | |
Administrative Expenses | (21,564) | (15,783) | 37% | (19,495) | (14,115) | 38% | |
Change in Fair Value of Financial Assets measured at fair value | |||||||
through Profit or Loss | 28,980 | 11 | 264389% | 28,969 | - | 100% | |
Operating Profit | 44,081 | 15,728 | 180% | 22,426 | (6,484) | -446% | |
Finance Income | 58,710 | 68,792 | -15% | 58,443 | 68,792 | -15% | |
Finance Cost | (1,850) | (6,954) | -73% | (1,661) | (6,592) | -75% | |
Taxes on financial services | (1,538) | (1,896) | -19% | - | - | 0% | |
Profit Before Tax | 31% | 42% | |||||
99,403 | 75,670 | 79,208 | 55,716 | ||||
Income Tax Expense | (13,722) | (17,653) | -22% | (9,444) | (13,285) | -29% | |
Profit for the period | 48% | 64% | |||||
85,681 | 58,017 | 69,764 | 42,431 | ||||
Earnings per share | |||||||
Basic (Rs.) | 67.31 | 45.58 | 54.81 | 33.34 | |||
The Notes form an integral part of these Financial Statements
Figures in bracket indicate deductions
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Colombo City Holdings plc published this content on 28 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 January 2022 11:52:35 UTC.
