COLOMBO DOCKYARD PLC Colombo Dockyard PLC
"…An Odyssey of Excellence…"
Interim Financial Report
For the Twelve Months Period Ended 31 December 2022
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CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Quarter ended 31 December | Year Ended 31 st December | |||||
2022 | 2021 | Variance % | 2022 | 2021 | Variance % | |
Rs,'000 | Rs,'000 | Rs,'000 | Rs,'000 | |||
Revenue | 8,407,349 | 5,634,693 | 49.21% | 27,232,493 | 17,232,128 | 58.03% |
Cost of Sales | (7,794,398) | (4,973,656) | -56.71% | (24,920,916) | (14,888,528) | -67.38% |
Gross Profit | 612,951 | 661,037 | -7.27% | 2,311,577 | 2,343,600 | -1.37% |
Other Income | 1,706,987 | 129,352 | 1219.64% | 4,426,288 | 367,956 | 1102.94% |
Distribution Expenses | (27,425) | (5,458) | -402.47% | (74,851) | (16,726) | -347.51% |
Administrative Expenses | (1,040,631) | (640,277) | -62.53% | (3,292,214) | (2,568,365) | -28.18% |
Other Operating Expenses | (358,720) | (30,912) | -1060.46% | (1,560,692) | (25,227) | -6086.59% |
Net Finance Income / (Expenses) | (543,538) | 295,764 | -283.77% | (983,509) | 309,725 | -417.54% |
Profit / (Loss) before Tax | 349,624 | 409,506 | -14.62% | 826,599 | 410,963 | 101.14% |
Income Tax Expense | (17,508) | (68,933) | 74.60% | (96,887) | (148,855) | 34.91% |
Profit / (Loss) for the period | 332,116 | 340,573 | -2.48% | 729,712 | 262,108 | 178.40% |
Other Comprehensive Income | ||||||
Cash Flow Hedge - Effective portion of changes in fair value | - | 118,170 | - | 123,490 | ||
Fair Value Change of instruments valued at FVOCI | 4,794 | (501) | 4,794 | (501) | ||
Foreign Currency Translation Differences - Foreign Operations | 15,172 | (1,840) | 173,631 | 12,389 | ||
Defined benefit plan actuarial gains / (losses) | (114,437) | (902) | (114,437) | (902) | ||
Tax on other comprehensive income | 16,258 | (259) | 16,258 | (259) | ||
Other Comprehensive Income For The Period - Net of Taxes | (78,213) | 114,668 | 80,246 | 134,217 | ||
Total Comprehensive Income for The Period | 253,903 | 455,241 | 809,958 | 396,325 | ||
Profits Attributable to : | ||||||
Owners of The Company | 326,925 | 337,973 | 715,498 | 249,229 | ||
Non - Controlling Interest | 5,191 | 2,600 | 14,214 | 12,879 | ||
Profit for the period | 332,116 | 340,573 | 729,712 | 262,108 | ||
Total Comprehensive Income Attributable to : | ||||||
Equity holders of the parent | 237,085 | 453,312 | 710,155 | 377,375 | ||
Non - Controlling Interest | 16,818 | 1,929 | 99,803 | 18,950 | ||
Total Comprehensive Income for The Period | 253,903 | 455,241 | 809,958 | 396,325 | ||
Earnings per share (Rs) | 4.55 | 4.70 | 9.96 | 3.47 | ||
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 | 2022 | 2021 |
ASSETS | Rs,'000 | Rs,'000 |
Non-Current Assets | 5,351,513 | |
Property, Plant and Equipment | 5,407,695 | |
Intangible Assets | 31,284 | 46,106 |
Right - of - Use asset | 204,009 | 203,049 |
Investments Classified as Fair Value through OCI | 22,257 | 17,463 |
Differed Tax Assets | 19,502 | 46,036 |
Other Financial Assets Including Derivatives | 354,815 | 453,536 |
Total Non-Current Assets | 5,983,380 | 6,173,885 |
Current Assets | 5,541,455 | |
Inventories | 2,262,469 | |
Trade and Other Receivables | 21,350,198 | 11,208,763 |
Other Financial Assets Including Derivatives | 244,580 | 454,346 |
Cash and Cash Equivalents | 18,333,101 | 7,089,797 |
Total Current Assets | 45,469,334 | 21,015,375 |
Total Assets | 51,452,714 | 27,189,260 |
EQUITY AND LIABILITIES | 714,396 | |
Stated Capital | 714,396 | |
Exchange Equalisation Reserve | 119,605 | 31,563 |
Fair Value through OCI Reserve | 22,147 | 17,353 |
Retained Earnings | 7,077,906 | 6,532,445 |
Equity Attributable to Equity Holders of the Parent | 7,934,054 | 7,295,757 |
Non Controlling Interest | 203,149 | 103,346 |
Total Equity | 8,137,203 | 7,399,103 |
Non-Current Liabilities | 200,624 | |
Lease liability | 158,391 | |
Employee Benefits | 1,234,650 | 955,584 |
Total Non-Current Liabilities | 1,435,274 | 1,113,975 |
Current Liabilities | ||
Interest Bearing Borrowings | 26,685,898 | 11,025,150 |
Trade and Other Payables | 12,846,667 | 7,386,704 |
Lease liability | 34,660 | 35,249 |
Income Tax Payable | 2,323 | 35,587 |
Dividends Payable | 10,515 | 9,869 |
Bank Overdrafts | 2,300,174 | 183,623 |
Total current Liabilities | 41,880,237 | 18,676,182 |
Total Equity and Liabilities | 51,452,714 | 27,189,260 |
Net Assets per share (Rs) | 110.41 | 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 |
March 03, 2023 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 2022 | 714,396 | 6,532,445 | 17,353 | 31,563 | - | 7,295,757 | 103,346 | 7,399,103 |
Net Profit for the Period | - | 715,498 | - | - | - | 715,498 | 14,214 | 729,712 |
Other Comprehensive Income | - | (98,179) | 4,794 | 88,042 | - | (5,343) | 85,589 | 80,246 |
Dividend Paid | - | (71,858) | - | - | - | (71,858) | - | (71,858) |
As at 31 December 2022 | 714,396 | 7,077,906 | 22,147 | 119,605 | - | 7,934,054 | 203,149 | 8,137,203 |
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 | - | 249,229 | - | - | - | 249,229 | 12,879 | 262,108 |
Other Comprehensive Income | - | (1,161) | (501) | 6,318 | 123,490 | 128,146 | 6,071 | 134,217 |
Dividends Paid | - | - | - | - | - | - | - | - |
As at 31December 2021 | 714,396 | 6,532,445 | 17,353 | 31,563 | - | 7,295,757 | 103,346 | 7,399,103 |
03. Colombo Dockyard PLC
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Colombo Dockyard plc published this content on 07 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 March 2023 04:12:03 UTC.
