Bukit Darah : Quarterly Report as of 31st March 2022

BUKIT DARAH PLC

Condensed Interim Financial Statements for the Year ended 31 March 2022

Company Income Statement

(Amounts expressed in Sri Lankan Rs. '000)

	4Q 2022	4Q 2021	Change	12M 2022	12M 2021	Change
	Rs'000	Rs'000	%	Rs'000	Rs'000	%
Revenue	428	323	33	159,401	79,204	101
Direct operating expenses	-	-	-	-	-	-
	428	323	33	159,401	79,204	101
Items of expenses
Administrative expenses	(9,191)	(9,531)	(4)	(30,578)	(28,062)	9
Profit/(loss) from operations	(8,763)	(9,208)	(5)	128,823	51,142	152
Income tax expenses
Current taxation	(597)	67	(991)	(3,133)	(1,343)	133
Profit/(loss) for the period	(9,360)	(9,141)	2	125,690	49,799	152
Other Comprehensive Income (OCI)
Equity investments at FVOCI - net change in	(32,500)	(20,800)	56	(57,200)	63,700	(190)
fair value
Total other comprehensive income/(expenses)	(32,500)	(20,800)	56	(57,200)	63,700	(190)
Total Comprehensive Income /(expenses) for	(41,860)	(29,941)	40	68,490	113,499	(40)
the period
Basic earnings/(loss) per share (Rs.)	(0.09)	(0.09)	2	1.09	0.40	171
Dividend per ordinary share (Rs.)	-	-	-	1.00	0.60	67

Figures in brackets indicate deductions.

The notes on pages 10 to 21 form an integral part of these financial statements.

27th May 2022

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Bukit Darah PLC | Unaudited financial statements for the period ended 31st March 2022

Company Statement of Financial Position

(Amounts expressed in Sri Lankan Rs. '000)

	As at	As at
	31.03.2022	31.03.2021
	(Unaudited)	(Audited)
ASSETS
Non - Current Assets
Investments in subsidiaries	7,026,770	7,026,770
Investment in equity securities	682,500	739,700
Total non - current assets	7,709,270	7,766,470
Current Assets
Other non financial receivables	4,288	5,798
Current tax recoverable	158	442
Cash and cash equivalents	26,345	11,534
Total current assets	30,791	17,774
Total assets	7,740,061	7,784,244
EQUITY AND LIABILITIES
EQUITY
Stated capital	412,635	412,635
Capital reserves	40,000	40,000
Revenue reserves	7,204,623	7,251,014
Total equity	7,657,258	7,703,649
Current Liabilities
Other financial payables	82,803	80,595
Total current liabilities	82,803	80,595
Total liabilities	82,803	80,595
Total equity and liabilities	7,740,061	7,784,244
Net assets per ordinary share (Rs.)	74.67	75.13

I certify that these financial statements are in compliance with the requirements of Companies Act No. 7 of 2007.

Sgd.

A. P. Weeratunge

Director

Carsons Management Services (Private) Limited

The Board of Directors is responsible for the preparation and presentation of these financial statements. These financial statements were approved by the Board on 27th May 2022.

Sgd	Sgd.
M. Selvanathan	D. C. R. Gunawarden
Director	Director

The notes on pages 10 to 21 form an integral part of these financial statements.

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Company Statement of Changes in Equity

(Amounts expressed in Sri Lankan Rs. '000)

	Stated	Capital	Revenue	Total
	Capital	Reserve	Reserve	Equity
Balance as at 31st March 2021 (Audited)	412,635	40,000	7,251,014	7,703,649
Profit for the year	-	-	125,690	125,690
Other comprehensive expenses for the year	-	-	(57,200)	(57,200)
Total Comprehensive Income for the year	-	-	68,490	68,490
Transaction with owners of the Company, recognised directly in equity
Dividend paid - Ordinary Shares	-	-	(102,000)	(102,000)
Dividend paid - Participating Cumulative Preference Shares	-	-	(14,768)	(14,768)
Forfeiture of unclaimed dividends	-	-	1,887	1,887
Balance as at 31st March 2022 (Unaudited)	412,635	40,000	7,204,623	7,657,258
Balance As at 31st March' 2020 (Audited)	412,635	40,000	7,201,715	7,654,350
Profit for the year	-	-	49,799	49,799
Other comprehensive income for the year	-	-	63,700	63,700
Total Comprehensive Income for the year	-	-	113,499	113,499
Transaction with owners of the Company, recognised directly in equity
Dividend paid - Ordinary Shares	-	-	(61,200)	(61,200)
Dividend paid - Participating Cumulative Preference Shares	-	-	(8,882)	(8,882)
Forfeiture of unclaimed dividends	-	-	5,882	5,882
Balance as at 31st March 2021 (Audited)	412,635	40,000	7,251,014	7,703,649

The notes on pages 10 to 21 form an integral part of these financial statements.

Figures in brackets indicate deductions.

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