COLOMBO DOCKYARD PLC Colombo Dockyard PLC
"…An Odyssey of Excellence…"
Interim Financial Report
For the Six Months Period Ended 30 June 2022
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CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Quarter ended 30 June | Six months ended 30 June | |||||
2022 | 2021 | Variance % | 2022 | 2021 | Variance % | |
Rs,'000 | Rs,'000 | Rs,'000 | Rs,'000 | |||
Revenue | 5,106,879 | 3,728,018 | 36.99% | 10,678,031 | 7,006,371 | 52.40% |
Cost of Sales | (4,746,529) | (3,107,256) | -52.76% | (9,540,963) | (5,936,877) | -60.71% |
Gross Profit | 360,350 | 620,762 | -41.95% | 1,137,068 | 1,069,494 | 6.32% |
Other Income | 1,890,504 | 146,045 | 1194.47% | 2,079,402 | 182,327 | 1040.48% |
Distribution Expenses | (21,624) | (3,611) | -498.84% | (33,264) | (7,661) | -334.20% |
Administrative Expenses | (801,236) | (652,200) | -22.85% | (1,512,072) | (1,278,486) | -18.27% |
Other Operating Expenses | (1,137,774) | 691 | - | (1,137,921) | (697) | - |
Net Finance Income / (Expenses) | (79,537) | 29,161 | -372.75% | (177,657) | 45,942 | -486.70% |
Profit / (Loss) before Tax | 210,683 | 140,848 | 49.58% | 355,556 | 10,919 | 3156.31% |
Income Tax Expense | (17,937) | (25,306) | 29.12% | (44,465) | (56,469) | 21.26% |
Profit / (Loss) for the period | 192,746 | 115,542 | 66.82% | 311,091 | (45,550) | 782.97% |
Other Comprehensive Income
Cash Flow Hedge - Effective portion of changes in fair value Fair Value Change of Available-for-sale Financial Assets Foreign Currency Translation Differences - Foreign Operations Other Comprehensive Income For The Period - Net of Taxes
Total Comprehensive Income for The Period
- | - | - | - |
- | - | - | - |
176,338 | 5,211 | 169,594 | 17,386 |
176,338 | 5,211 | 169,594 | 17,386 |
369,084 | 120,753 | 480,685 | (28,164) |
Profits Attributable to : | ||||
Owners of The Company | 187,636 | 110,380 | 302,296 | (47,997) |
Non - Controlling Interest | 5,111 | 5,162 | 8,796 | 2,447 |
Profit for the period | 192,746 | 115,542 | 311,091 | (45,550) |
Total Comprehensive Income Attributable to : | ||||
Owners of The Company | 277,383 | 113,311 | 388,219 | (38,857) |
Non - Controlling Interest | 91,702 | 7,442 | 92,467 | 10,693 |
Total Comprehensive Income for The Period | 369,084 | 120,753 | 480,685 | (28,164) |
Earnings per share (Rs) | 2.61 | 1.54 | 4.21 | (0.67) |
Note : Figures in brackets indicate deductions | ||||
The above figures are subject to audit |
01. Colombo Dockyard PLC
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As at 30th June | 2022 | 2021 | As at 31.12.2021 |
Rs,'000 | Rs,'000 | Rs,'000 | |
ASSETS | |||
Non-Current Assets | 5,502,697 | ||
Property, Plant and Equipment | 5,520,340 | 5,407,695 | |
Intangible Assets | 39,681 | 1,737 | 46,106 |
Right - of -Use assets | 175,632 | 194,744 | 203,049 |
Investments Classified as Fair Value through OCI | 17,463 | 17,964 | 17,463 |
Deffered Tax Assets | 11,472 | 148,275 | 46,036 |
Other Financial Assets Including Derivatives | 410,125 | 531,323 | 453,536 |
Total Non-Current Assets | 6,157,070 | 6,414,383 | 6,173,885 |
Current Assets | 6,130,519 | ||
Inventories | 1,126,889 | 2,262,469 | |
Trade and Other Receivables | 17,652,097 | 9,711,381 | 11,208,763 |
Other Financial Assets Including Derivatives | 143,930 | 244,359 | 454,346 |
Investments classified as Fair value Through Profit or Loss | 50,000 | 209,009 | - |
Cash and Cash Equivalents | 12,095,342 | 6,622,434 | 7,089,797 |
Total Current Assets | 36,071,888 | 17,914,072 | 21,015,375 |
Total Assets | 42,228,958 | 24,328,455 | 27,189,260 |
EQUITY AND LIABILITIES | 714,396 | ||
Stated Capital | 714,396 | 714,396 | |
Exchange Equalisation Reserve | 117,486 | 34,385 | 31,563 |
Fair Value through OCI Reserve | 17,353 | 17,854 | 17,353 |
Cash flow Hedge Reserve | - | (123,490) | - |
Retained Earnings | 6,762,881 | 6,236,380 | 6,532,445 |
Equity Attributable to Equity Holders of the Parent | 7,612,116 | 6,879,525 | 7,295,757 |
Non - Controlling Interest | 195,813 | 95,089 | 103,346 |
Total Equity | 7,807,929 | 6,974,614 | 7,399,103 |
Non-Current Liabilities | 146,387 | ||
Lease liability | 179,124 | 158,391 | |
Employee Benefits | 1,006,627 | 1,041,856 | 955,584 |
Total Non-Current Liabilities | 1,153,014 | 1,220,980 | 1,113,975 |
Current Liabilities | 20,704,128 | ||
Interest Bearing Borrowings | 9,663,830 | 11,025,150 | |
Trade and Other Payables | 10,773,635 | 6,157,890 | 7,386,704 |
Other Financial Liabilities Including Derivatives | - | 195,494 | - |
Lease liability | 23,285 | 25,589 | 35,249 |
Income Tax Payable | 2,111 | 79,068 | 35,587 |
Dividends Payable | 45,041 | 10,990 | 9,869 |
Bank Overdrafts | 1,719,815 | - | 183,623 |
Total current Liabilities | 33,268,015 | 16,132,861 | 18,676,182 |
Total Equity and Liabilities | 42,228,958 | 24,328,455 | 27,189,260 |
Net Assets per share (RS) | 105.93 | 95.74 | 101.53 |
Note :The above figures are subject to audit |
These Financial Statements have been prepared in compliance with the Companies Act No. 7 of 2007
(Sgd.) P D Gihan Ravinatha
General Manager (Finance)/CFO
(Sgd.) H Tanaka | (Sgd.) D V Abeysinghe |
Chairman | Managing Director / CEO |
August 15, 2022 Colombo |
02. Colombo Dockyard PLC
STATEMENT OF CHANGES IN EQUITY - GROUP
For the six months ended 30th June | Retained | Fair Value | Exchange | Cash Flow | Non | |||
Stated Capital | Through OCI | fluctuation | Hedge | Total | Controlling | Total Equity | ||
earnings | ||||||||
Reserves | Reserve | Reserve | Interest | |||||
Rs,'000 | Rs,'000 | Rs,'000 | Rs,'000 | Rs,'000 | Rs,'000 | Rs,'000 | Rs,'000 | |
As at 1 January 2022 | 714,396 | 6,532,445 | 17,353 | 31,563 | - | 7,295,757 | 103,346 | 7,399,103 |
Net Profit / (Loss) for the Period | - | 302,296 | - | - | - | 302,296 | 8,796 | 311,091 |
Other Comprehensive Income | - | - | 85,923 | - | 85,923 | 83,671 | 169,594 | |
Dividends Paid | - | (71,860) | - | - | - | (71,860) | - | (71,860) |
As at 30 June 2022 | 714,396 | 6,762,881 | 17,353 | 117,486 | - | 7,612,116 | 195,813 | 7,807,929 |
As at 1 January 2021 | 714,396 | 6,284,377 | 17,854 | 25,245 | (123,490) | 6,918,382 | 84,396 | 7,002,778 |
Net Profit / (Loss) for the Period | - | (47,997) | - | - | - | (47,997) | 2,447 | (45,550) |
Other Comprehensive Income | - | - | - | 9,140 | - | 9,140 | 8,246 | 17,386 |
Dividends Paid | - | - | - | - | - | - | - | - |
As at 30 June 2021 | 714,396 | 6,236,380 | 17,854 | 34,385 | (123,490) | 6,879,525 | 95,089 | 6,974,614 |
03. Colombo Dockyard PLC
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Colombo Dockyard plc published this content on 18 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2022 09:53:07 UTC.
