COLOMBO DOCKYARD PLC Colombo Dockyard PLC
"…An Odyssey of Excellence…"
Interim Financial Report
For the Nine Months Period Ended 30 September 2022
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CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Quarter ended 30 September | Nine months ended 30 September | |||||
2022 | 2021 | Variance % | 2022 | 2021 | Variance % | |
Rs,'000 | Rs,'000 | Rs,'000 | Rs,'000 | |||
Revenue | 8,147,113 | 4,591,064 | 77.46% | 18,825,144 | 11,597,435 | 62.32% |
Cost of Sales | (7,585,555) | (3,977,995) | -90.69% | (17,126,518) | (9,914,872) | -72.74% |
Gross Profit | 561,558 | 613,069 | -8.40% | 1,698,626 | 1,682,563 | 0.95% |
Other Income | 639,899 | 56,277 | 1037.05% | 2,719,301 | 238,604 | 1039.67% |
Distribution Expenses | (14,162) | (3,607) | -292.63% | (47,426) | (11,268) | -320.89% |
Administrative Expenses | (739,511) | (649,602) | -13.84% | (2,251,583) | (1,928,088) | -16.78% |
Other Operating Expenses | (64,051) | 6,382 | -1103.62% | (1,201,972) | 5,685 | - |
Net Finance Income / (Expenses) | (262,314) | (31,981) | -720.22% | (439,971) | 13,961 | -3251.43% |
Profit / (Loss) before Tax | 121,419 | (9,462) | 1383.23% | 476,975 | 1,457 | 32636.79% |
Income Tax Expense | (34,914) | (23,453) | -48.87% | (79,379) | (79,922) | 0.68% |
Profit / (Loss) for the period | 86,505 | (32,915) | 362.81% | 397,596 | (78,465) | 606.72% |
Other Comprehensive Income
Cash Flow Hedge - Effective portion of changes in fair value Foreign Currency Translation Differences - Foreign Operations Other Comprehensive Income For The Period - Net of Taxes
Total Comprehensive Income for The Period
Profits Attributable to :
- | 5,320 | - | 5,320 |
(11,135) | (3,157) | 158,459 | 14,229 |
(11,135) | 2,163 | 158,459 | 19,549 |
75,370 | (30,752) | 556,055 | (58,916) |
Owners of The Company | 86,278 | (40,747) | 388,573 | (88,744) |
Non - Controlling Interest | 227 | 7,832 | 9,023 | 10,279 |
Profit for the period | 86,505 | (32,915) | 397,596 | (78,465) |
Total Comprehensive Income Attributable to : | ||||
Equity holders of the parent | 84,852 | (37,080) | 473,070 | (75,937) |
Non - Controlling Interest | (9,482) | 6,328 | 82,985 | 17,021 |
Total Comprehensive Income for The Period | 75,370 | (30,752) | 556,055 | (58,916) |
Earnings per share (Rs) | 1.20 | (0.57) | 5.41 | (1.23) |
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 September | 2022 | 2021 | As at 31.12.2021 |
Rs,'000 | Rs,'000 | Rs,'000 | |
ASSETS | |||
Non-Current Assets | 5,441,464 | ||
Property, Plant and Equipment | 5,489,955 | 5,407,695 | |
Intangible Assets | 35,332 | 50,336 | 46,106 |
Right - of Use asset | 209,138 | 184,394 | 203,049 |
Investments Classified as Fair Value through OCI | 17,463 | 17,964 | 17,463 |
Differed Tax Assets | 10,531 | 146,275 | 46,036 |
Other Financial Assets Including Derivatives | 392,648 | 509,961 | 453,536 |
Total Non-Current Assets | 6,106,576 | 6,398,885 | 6,173,885 |
Current Assets | 4,931,311 | ||
Inventories | 1,920,925 | 2,262,469 | |
Trade and Other Receivables | 18,632,097 | 10,645,894 | 11,208,763 |
Other Financial Assets Including Derivatives | 137,957 | 162,473 | 454,346 |
Investments classified as Fair value Through Profit or Loss | - | 56,535 | - |
Cash and Cash Equivalents | 15,109,851 | 5,835,174 | 7,089,797 |
Total Current Assets | 38,811,216 | 18,621,001 | 21,015,375 |
Total Assets | 44,917,792 | 25,019,886 | 27,189,260 |
EQUITY AND LIABILITIES | 714,396 | ||
Stated Capital | 714,396 | 714,396 | |
Exchange Equalisation Reserve | 116,060 | 32,732 | 31,563 |
Fair Value through OCI Reserve | 17,353 | 17,854 | 17,353 |
Cash flow Hedge Reserve | - | (118,170) | - |
Retained Earnings | 6,849,158 | 6,195,633 | 6,532,445 |
Equity Attributable to Equity Holders of the Parent | 7,696,967 | 6,842,445 | 7,295,757 |
Non Controlling Interest | 186,331 | 101,417 | 103,346 |
Total Equity | 7,883,298 | 6,943,862 | 7,399,103 |
Non-Current Liabilities | 170,043 | ||
Lease Liability | 168,774 | 158,391 | |
Employee Benefits | 1,034,718 | 1,046,397 | 955,584 |
Total Non-Current Liabilities | 1,204,761 | 1,215,171 | 1,113,975 |
Current Liabilities | 21,776,039 | ||
Interest Bearing Borrowings | 10,453,765 | 11,025,150 | |
Trade and Other Payables | 12,187,537 | 6,050,947 | 7,386,704 |
Other Financial Liabilities Including Derivatives | - | 193,984 | - |
Lease liability | 39,424 | 25,589 | 35,249 |
Income Tax Payable | - | 60,177 | 35,587 |
Dividends Payable | 45,041 | 10,991 | 9,869 |
Bank Overdrafts | 1,781,692 | 65,400 | 183,623 |
Total current Liabilities | 35,829,733 | 16,860,853 | 18,676,182 |
Total Equity and Liabilities | 44,917,792 | 25,019,886 | 27,189,260 |
Net Assets per share (Rs) | 107.11 | 95.22 | 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 |
November 14, 2022 Colombo |
02. Colombo Dockyard PLC
STATEMENT OF CHANGES IN EQUITY - GROUP
For the nine months ended 30th September | 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 for the Period | - | 388,573 | - | - | - | 388,573 | 9,023 | 397,596 |
Other Comprehensive Income | - | - | - | 84,497 | - | 84,497 | 73,962 | 158,459 |
Dividend Paid | - | (71,860) | - | - | - | (71,860) | - | (71,860) |
As at 30 September 2022 | 714,396 | 6,849,158 | 17,353 | 116,060 | - | 7,696,967 | 186,331 | 7,883,298 |
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 | - | (88,744) | - | - | - | (88,744) | 10,279 | (78,465) |
Other Comprehensive Income | - | - | - | 7,487 | 5,320 | 12,807 | 6,742 | 19,549 |
Dividends Paid | - | - | - | - | - | - | - | - |
As at 30 September 2021 | 714,396 | 6,195,633 | 17,854 | 32,732 | (118,170) | 6,842,445 | 101,417 | 6,943,862 |
03. Colombo Dockyard PLC
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Colombo Dockyard plc published this content on 18 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2022 15:28:09 UTC.
