Total assets 8,547,489 9,609,584 6,822,941 7,817,028

Transcription

1 STATEMENT OF FINANCIAL POSITION Group Company Unaudited Audited Unaudited Audited As at As at As at As at Rs.000' Rs.000' Rs.000' Rs.000' ASSETS Non - current assets Property,Plant and Equipment 141, ,238 6,282 9,644 Investment Property 8,273,853 8,383,300 4,283,100 4,303,600 Investment in Subsidiaries , ,588 Investment in Associates - - 8, ,415,120 8,530,538 5,105,971 5,129,832 Current assets Inventories Trade and Other Receivables 74,438 85,084 1,617,674 1,624,613 Investment in Preference Shares - Loans and Receivables ,555 71,970 Available - For Sale Financial Assets Cash and Cash Equivalents 57, ,671 28, , ,369 1,079,046 1,716,970 2,687,196 Total assets 8,547,489 9,609,584 6,822,941 7,817,028 EQUITY AND LIABILITIES Equity Stated Capital 341, , , ,602 Revaluation Reserves 48,613 48, Retained Earnings 4,177,581 4,192,852 3,555,900 3,536,149 Equity Attributable to Equity Holders of the Parent 4,567,796 4,583,067 3,897,502 3,877,751 Non-Controlling Interests (913) (913) - - Total equity 4,566,883 4,582,154 3,897,502 3,877,751 Non-current liabilities Interest Bearing Loans and Borrowings 1,660,100 1,636,400 1,660,100 1,636,400 Deferred Tax Liabilities 1,922,650 1,922,650 1,169,326 1,169,326 Retirement Benefit Liability 4,101 5,832 3,654 5,299 3,586,851 3,564,883 2,833,080 2,811,025 Current liabilities Trade and Other Payables 129, ,021 26,118 40,242 Income Tax Liabilities 13,270 10,188 12,850 5,272 Interest Bearing Loans and Borrowings 37,952 1,055,162 9,680 1,037,333 Tenant Deposits 212, ,176 43,711 45, ,755 1,462,547 92,359 1,128,252 Total liabilities 3,980,606 5,027,430 2,925,439 3,939,277 Total equity and liabilities 8,547,489 9,609,584 6,822,941 7,817, Net Asset per Share (Rs.) The notes form an integral part of these Financial Statements. The figures are provisional and subject to Audit. Sgn Finance Manager Signed for and on behalf of the Board of Directors of Colombo Land & Development Company PLC Sgn Director 10th November 2017 Sgn Director

2 STATEMENT OF COMPREHENSIVE INCOME Group Company Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited 9 Months to 9 Months to Quarter Ended Quarter Ended 9 Months to 9 Months to Quarter Ended Quarter Ended Sep'17 Sep'16 Sep'17 Sep'16 Sep'17 Sep'16 Sep'17 Sep'16 Rs.000' Rs.000' Rs.000' Rs.000' Rs.000' Rs.000' Rs.000' Rs.000' Revenue 332, , , ,929 97,917 99,142 32,827 33,417 Direct expenses (93,703) (83,599) (33,705) (27,971) (33,117) (28,494) (12,174) (9,150) Net Rental income 238, ,537 76,235 78,958 64,800 70,648 20,653 24,267 Other Income and Gains 12,699 6, ,404 9, , ,141 Selling and Distribution Costs (1,764) (928) (194) 106 (568) (718) (74) 167 Administrative Expenses (62,994) (74,565) (21,897) (21,696) (46,777) (53,856) (16,169) (15,875) Finance Cost (193,504) (130,392) (60,613) (54,119) (76) (36,601) (9) (12,516) Finance Income ,439-1,565 Profit / (loss) before tax (7,139) 33,068 (5,541) 8,653 27, ,487 5,310 3,749 Income Tax- Note 7 (8,131) 645,546 (7,831) (150) (7,681) 406,548 (7,681) - Profit / (loss) for the year (15,270) 678,614 (13,372) 8,503 19,752 1,127,035 (2,371) 3,749 Other Comprehensive Income Net (Loss)Gain on Available For Sale Financial Assets Actuarial Loss on Defined Benefit Plans Total of Other Comprehensive Income Total Comprehensive income for the year,net of tax (15,270) 678,614 (13,372) 8,503 19,752 1,127,035 (2,371) 3,749 Attributable to: Equity Holders of the Parent (15,270) 678,614 (13,372) 8,503 19,752 1,127,035 (2,371) 3,749 Non-Controlling interests Earnings/(Loss) Per Share- Basic (0.08) 3.40 (0.07) (0.01) 0.02 The notes form an integral part of these financial statements. The figures are provisional and subject to Audit

3 STATEMENT OF CASH FLOWS FOR THE QUARTER ENDED 30TH SEPTEMBER 2017 Group Company Unaudited Unaudited Unaudited Unaudited 9 months to 9 months to 9 months to 9 months to Sep 17 Sep 16 Sep 17 Sep 16 Rs.000' Rs.000' Rs.000' Rs.000' Cash Flows From / (Used in) Operating Activities Net(Loss)/Profit before Tax from continuing operations (15,270) 678,614 19,752 1,127,035 Adjustments for Depreciation 7,127 10,759 3,683 7,176 Income from Investments (613,390) Rev.of Provision for Liabilities and charges - (645,996) - (406,548) (Profit)/Loss on disposal of Investment properties (10,700) - (5,500) - Profit/(Loss) on disposal of Property,Plant & Equipment 18 (4,853) 18 (4,853) Dividend received - - (2,504) (2,618) Finance Costs 193, , ,601 Defined Benefit Plan Costs Paid (2,632) - (2,546) Provision for Defined Benefit Plans Operating Profit/(Loss) before Working Capital Changes 172, ,816 13, ,303 (Increase)/Decrease in Inventories (99) (123) - - Decrease(Increase) in Trade and Other Receivables (6,885) (23,768) 6,940 (155,882) (Increase)/Decrease in Tenant Deposits (7,519) 10,592 (1,694) 1,309 (Increase)/Decrease in Trade and Other Payables (74,212) 48,119 (74,443) 27,845 Cash Generated from Operations 84, ,636 (55,318) 17,575 Finance Cost Paid (193,504) (130,392) (76) (36,601) Income Tax Paid (5,049) (141) (100) (141) Net Cash From/(Used in) Operating Activities (114,321) 74,103 (55,494) (19,167) Cash Flows from/(used in) Investing activities Proceeds from sale of investment Properties 124,000-26,000 - Subsequent expenditure on investment property - (97,499) - (1,472) Proceeds from Sale of Property,Plant,& Equipment 21 28, ,520 Purchase of investment Properties (3,853) Purchase of property, plant & equipment (1,195) (16,150) (363) (276) Dividend received - - 2,504 2,618 Net Cash Flows from/(used in) Investing Activities 118,973 (85,104) 28,162 17,390 Cash Flows from (Used in) Financing Activities Proceeds from Interest Bearing Loans & Borrowings - 84,533-84,533 Proceeds From Redemption of Preference Shares - - 1,415 - Repayment of Interest Bearing Loans & Borrowings (931,370) (94,870) (931,370) (94,870) Net Cash Flows from/(used in) Financing Activities (931,370) (10,337) (929,955) (10,337) Net Increase / (Decrease) in Cash and Cash Equivalents (926,718) (21,338) (957,288) (12,114) Cash and cash equivalents at the beginning of the year 974,579 5, , Increase/(decrease) (926,718) (21,338) (957,288) (12,114) Cash and cash Equivalents at end of Year 47,862 (15,882) 19,022 (11,814) The notes form an integral part of these Financial Statements. The figures are provisional and subject to Audit

4 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE QUARTER ENDED 30TH SEPTEMBER 2017 Stated Revaluation Retained Non controlling Total Capital Reserve Earnings interests Rs. Rs. Rs. Rs. Rs. Group 000' 000' 000' 000' 000' Balance as at 01st January ,602 47,080 3,881,198 (808) 4,269,072 Net Profit/(Loss) for the Year , ,614 Balance as at 30th September ,602 47,080 4,559,812 (808) 4,947,686 Balance as at 01st January ,602 48,613 4,192,852 (913) 4,582,154 Net Profit/(Loss) for the Year - - (15,270) - (15,270) Balance as at 30th September ,602 48,613 4,177,582 (913) 4,566,883 Company Balance as at 01st January ,602-2,600,670-2,942,272 Net Profit/(Loss) for the Year - - 1,127,035-1,127,035 Balance as at 30th September ,602-3,727,705-4,069,307 Balance as at 01st January ,602-3,536,149-3,877,751 Net Profit/(Loss) for the Year ,752-19,752 Balance as at 30th September ,602-3,555,900-3,897,503 The notes form an integral part of these financial statements. The figures are provisional and subject to Audit

5 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER Market Value per Share The Highest, Lowest and the Last Traded prices recorded during the quarter is as follows Rs. Rs. The Highest Market Price The Lowest Market Price The Last Traded Price Accounting Policies These financial statements have been prepared in accordance with the accounting policies set out in the annual report for the year ended 31st December 2016 and are in compliance with Sri Lanka Accounting Standard (LKAS) 34, Interim Financial Reporting. 3 Event Occurring After the Balance Sheet Date No circumstances have arisen since the balance sheet date which would require adjustment to or disclosure in the interim Financial Statements, Other than those disclosures in the Annual Report for the year ended 31st December (If any) 4 Contingent Liabilities There has been no change to the contingent liabilities as disclosed in the Financial Statements for the year ended 31st December 2016.(If any) 5 Comparative Figures Comparative figures have been re-stated wherever necessary to conform to the current period's presentation. 6 Stated Capital The number of shares represented by stated capital as at 30th September 2017 is 199,881,008 7 Income Tax Expense As per the 2017 budget deferred tax calculation rate reinstated from 17.5% to 28%.

6 OPERATING SEGMENT INFORMATION GROUP FOR THE QUARTER ENDED 30TH SEPTEMBER 2017 Group Total Property Development Plantation Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited 9 Months to 9 Months to 9 Months to 9 Months to 9 Months to 9 Months to Sep'17 Sep '16 Sep'17 Sep '16 Sep '17 Sep '16 Rs.000' Rs.000' Rs.000' Rs.000' Rs.000' Rs.000' External Revenue 332, , , , Inter Segment Revenue Segment Revenue 332, , , , Elimination of Inter Segment Revenue Net Revenue 332, , , , Segment Operating Profit /(Loss) 186, , , ,145 (1,507) (1,685) Finance Income Finance Cost (193,504) (130,392) (193,504) (130,392) - - Profit / (Loss) Before Tax (7,139) 33,068 (5,632) 34,753 (1,507) (1,685)

7 LIST OF 20 MAJOR SHAREHOLDERS BASED ON THEIR SHAREHOLDING AS AT 30TH SEPTEMBER 2017 No. Name No. of Shares % 1 Mr.Ng Eng Ghee / Mrs.Ng Siew Luan. 46,900, Kalpitiya Beach Resort Limited 40,413, Urban Development Authority of Sri Lanka. 34,872, Bank of Ceylon A/C Ceybank Unit Trust 16,906, Mr.Ng Yew Tong 6,006, Mr.Ng Eng Soon. 4,945, Mr.Ng Yew Chuan 4,715, Hatton National Bank Plc/Capital Trust Holdings Limited 3,388, Mr.Nalaka Harshajeeva Godahewa 2,342, Capital Trust Holdings Ltd 2,286, Mr.Kang Poay Hong(Deceased) 2,251, Mr.Ng Yew Hui 1,920, Pan Asia Banking Corporation PLC/Harshada Holdings (Pvt) Ltd. 1,889, Mr.Ng Yew Khim Dennis 1,605, Mr.K.V.Hewavitarne 1,602, Allnatt Investments (Private) Limited 1,524, Mr.W.Baptista 1,392, Mr.Thoradeniya Tharana Gangul 1,254, Mr.Teruaki Ono 895, Mr.Ng Eng Ghee 700, ,814, Others 22,066, Total 199,881, Directors' and Chief Executive Officer's holding in shares as at 30th September 2017 Name No. of Shares % Prof.C.K.Deheragosa Nil Nil Mr.D.S.Jayaweera 2, % Mr.M.D.S.Goonatilleke Nil Nil Mr.Ng Yao Xing Eugene Nil Nil Mr.W.M.C.S. Welegama Nil Nil Mr.P.V.S.Premawardhana Nil Nil Mr.Ng Heng Chye Clement Nil Nil (Alternate Director to Mr.Ng.Yao Xing.Eugene) Mr.S.A.Ameresekere Nil Nil (Alternate Director to Mr.M.D.S.Goonatilleke) Public Holding Public Holding percentage as at 30th September Number of shareholders who hold the public holding - 2,913