COLOMBO DOCKYARD PLC Colombo Dockyard PLC
"…An Odyssey of Excellence…"
Interim Financial Report
For the Twelve Months Period Ended 31 December 2021
This page kept blank Intentionally
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Quarter ended 31 December | Year Ended 31 st December | |||||
2021 | 2020 | Variance % | 2021 | 2020 | Variance % | |
Rs,'000 | Rs,'000 | Rs,'000 | Rs,'000 | |||
Revenue | 5,434,291 | 2,640,165 | 105.83% | 17,031,726 | 9,674,445 | 76.05% |
Cost of Sales | (4,695,140) | (2,349,519) | -99.83% | (14,610,012) | (8,657,320) | -68.76% |
Gross Profit | 739,151 | 290,646 | 154.31% | 2,421,714 | 1,017,125 | 138.09% |
Other Income | 131,010 | 35,742 | 266.54% | 369,614 | 168,697 | 119.10% |
Distribution Expenses | (5,458) | 9,237 | 159.09% | (16,726) | (15,196) | -10.07% |
Administrative Expenses | (707,683) | (470,123) | -50.53% | (2,635,771) | (2,044,407) | -28.93% |
Other Operating Expenses | (30,913) | 7,624 | -505.47% | (25,228) | 7,624 | -430.90% |
Net Finance Income / (Expenses) | 273,852 | (263,437) | 203.95% | 287,813 | (140,356) | 305.06% |
Profit / (Loss) before Tax | 399,959 | (390,311) | 202.47% | 401,416 | (1,006,513) | 139.88% |
Income Tax Expense | (55,911) | (45,867) | -21.90% | (135,833) | (154,623) | 12.15% |
Profit / (Loss) for the period | 344,048 | (436,178) | -178.88% | 265,583 | (1,161,136) | 122.87% |
Other Comprehensive Income | ||||||
Cash Flow Hedge - Effective portion of changes in fair value | 118,170 | (104,143) | 123,490 | (104,143) | ||
Fair Value Change of instruments valued at FVOCI | (501) | (57) | (501) | (57) | ||
Foreign Currency Translation Differences - Foreign Operations | (2,582) | (2,173) | 11,647 | 5,153 | ||
Defined benefit plan actuarial gains / (losses) | (27,529) | (177,620) | (27,529) | (177,620) | ||
Tax on other comprehensive income | 3,469 | 24,675 | 3,469 | 24,675 | ||
Other Comprehensive Income For The Period - Net of Taxes | 91,027 | (259,318) | 110,576 | (251,992) | ||
Total Comprehensive Income for The Period | 435,075 | (695,496) | 376,159 | (1,413,128) | ||
Profits Attributable to : | ||||||
Owners of The Company | 341,421 | (434,579) | 252,677 | (1,161,871) | ||
Non - Controlling Interest | 2,627 | (1,599) | 12,906 | 735 | ||
Profit for the period | 344,048 | (436,178) | 265,583 | (1,161,136) | ||
Total Comprehensive Income Attributable to : | ||||||
Equity holders of the parent | 433,957 | (694,378) | 358,020 | (1,416,388) | ||
Non - Controlling Interest | 1,118 | (1,118) | 18,139 | 3,260 | ||
Total Comprehensive Income for The Period | 435,075 | (695,496) | 376,159 | (1,413,128) | ||
Earnings per share (Rs) | 4.75 | (6.05) | 3.52 | (16.17) | ||
Note : Figures in brackets indicate deductions | ||||||
The above figures are subject to audit |
01. Colombo Dockyard PLC
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As at 31st December | 2021 | 2020 |
Rs,'000 | Rs,'000 | |
ASSETS | ||
Non-Current Assets | 5,407,690 | |
Property, Plant and Equipment | 5,407,003 | |
Intangible Assets | 46,106 | 2,302 |
Right - of - Use asset | 175,116 | 243,362 |
Investments Classified as Fair Value through OCI | 17,463 | 17,964 |
Differed Tax Assets | 64,423 | 154,854 |
Other Financial Assets Including Derivatives | 453,778 | 502,681 |
Total Non-Current Assets | 6,164,576 | 6,328,166 |
Current Assets | 2,262,469 | |
Inventories | 1,144,194 | |
Trade and Other Receivables | 11,123,517 | 5,576,996 |
Other Financial Assets Including Derivatives | 366,252 | 354,961 |
Investments classified as Fair value Through Profit or Loss | 100,000 | 112,250 |
Cash and Cash Equivalents | 7,083,997 | 4,539,504 |
Total Current Assets | 20,936,235 | 11,727,905 |
Total Assets | 27,100,811 | 18,056,071 |
EQUITY AND LIABILITIES | 714,396 | |
Stated Capital | 714,396 | |
Exchange Equalisation Reserve | 31,659 | 25,245 |
Fair Value through OCI Reserve | 17,353 | 17,854 |
Cash flow Hedge Reserve | - | (123,490) |
Retained Earnings | 6,512,994 | 6,284,377 |
Equity Attributable to Equity Holders of the Parent | 7,276,402 | 6,918,382 |
Non Controlling Interest | 102,535 | 84,396 |
Total Equity | 7,378,937 | 7,002,778 |
Non-Current Liabilities | 156,812 | |
Lease liability | 186,266 | |
Employee Benefits | 998,225 | 1,040,610 |
Total Non-Current Liabilities | 1,155,037 | 1,226,876 |
Current Liabilities | ||
Interest Bearing Borrowings | 11,025,150 | 6,441,816 |
Trade and Other Payables | 7,286,232 | 3,050,159 |
Other Financial Liabilities Including Derivatives | - | 199,141 |
Lease liability | 29,454 | 26,696 |
Income Tax Payable | 37,216 | 71,537 |
Dividends Payable | 9,869 | 10,991 |
Bank Overdrafts | 178,916 | 26,077 |
Total current Liabilities | 18,566,837 | 9,826,417 |
Total Equity and Liabilities | 27,100,811 | 18,056,071 |
Net Assets per share (Rs) | 101.26 | 96.28 |
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 |
March 07, 2022 Colombo |
02. Colombo Dockyard PLC
STATEMENT OF CHANGES IN EQUITY - GROUP
For the year 31st December | 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 2021 | 714,396 | 6,284,377 | 17,854 | 25,245 | (123,490) | 6,918,382 | 84,396 | 7,002,778 |
Net Profit for the Period | - | 252,677 | - | - | - | 252,677 | 12,906 | 265,583 |
Other Comprehensive Income | - | (24,060) | (501) | 6,414 | 123,490 | 105,343 | 5,233 | 110,576 |
As at 31 December 2021 | 714,396 | 6,512,994 | 17,353 | 31,659 | - | 7,276,402 | 102,535 | 7,378,937 |
As at 1 January 2020 | 714,396 | 7,599,193 | 17,911 | 22,617 | (19,347) | 8,334,770 | 81,136 | 8,415,906 |
Net Profit / (Loss) for the Period | - | (1,161,871) | - | - | - | (1,161,871) | 735 | (1,161,136) |
Other Comprehensive Income | - | (152,945) | (57) | 2,628 | (104,143) | (254,517) | 2,525 | (251,992) |
As at 31December 2020 | 714,396 | 6,284,377 | 17,854 | 25,245 | (123,490) | 6,918,382 | 84,396 | 7,002,778 |
03. Colombo Dockyard PLC
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Colombo Dockyard plc published this content on 07 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 March 2022 11:09:06 UTC.
