JAT : Interim Financial Statements as at 30-06-2022

JAT HOLDINGS PLC

INTERIM CONDENSED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30TH JUNE 2022

(UNAUDITED)

JAT HOLDINGS PLC

STATEMENT OF FINANCIAL POSITION

As at	30.06.2022	31.03.2022	30.06.2022	31.03.2022
(Unaudited)	(Audited)	(Unaudited)	(Audited)
	Rs.	Rs.	Rs.	Rs.
ASSETS
Non-current assets
Property, plant and equipment	1,697,530,667	1,667,971,362	1,682,347,168	1,663,832,775
Right-of-use assets	11,923,764	15,142,330	11,923,764	15,142,330
Intangible assets	17,349,519	17,627,288	9,493,565	9,688,032
Investments in subsidiaries	-	-	333,818,740	333,818,740
Consumable biological assets	68,854,548	68,577,048	68,854,548	68,577,048
Advance paid for investment properties	142,421,669	142,421,669	142,421,669	142,421,669
	1,938,080,167	1,911,739,697	2,248,859,454	2,233,480,594
Current assets
Inventories	3,830,595,170	2,253,759,798	3,090,247,022	2,146,186,902
Income tax recoverable	-	-	-	6,212,097
Trade and other receivables	3,354,943,051	4,784,543,338	1,918,748,455	3,145,299,054
Advances and prepayments	1,089,575,321	787,270,868	973,781,697	744,554,705
Amounts due from related parties	50,983,596	61,400,571	625,147,914	367,231,598
Short term financial assets	1,368,950,644	1,056,499,610	1,099,638,104	868,684,706
Cash and cash equivalents	483,887,978	688,829,851	177,759,833	547,892,271
	10,178,935,760	9,632,304,036	7,885,323,025	7,826,061,333
Total assets	12,117,015,927	11,544,043,733	10,134,182,479	10,059,541,927
EQUITY AND LIABILITIES
Capital and reserves
Stated capital	2,395,221,320	2,395,221,320	2,395,221,320	2,395,221,320
Retained earnings	5,238,433,239	5,263,420,779	4,865,495,736	4,966,747,147
Foreign currency translation reserve	152,102,896	96,297,224	-	-
Equity attributable to equity holders of the parent	7,785,757,455	7,754,939,323	7,260,717,056	7,361,968,467
Non-controlling interest	(9,217,963)	(8,337,725)	-	-
Total equity	7,776,539,492	7,746,601,598	7,260,717,056	7,361,968,467
Non-current liabilities
Interest bearing loans and borrowings	8,348,876	13,588,091	1,432,276	2,265,966
Retirement benefit obligation	65,238,999	63,888,296	64,263,963	62,913,258
Deferred tax liability	16,834,396	14,334,396	16,834,393	14,334,396
	90,422,271	91,810,783	82,530,632	79,513,620
Current liabilities
Trade and other payables	2,613,427,272	2,413,243,197	1,442,693,569	1,401,216,873
Amounts due to related parties	30,779,932	4,607,375	-	-
Interest bearing loans and borrowings	1,568,732,162	1,275,445,841	1,338,955,064	1,216,842,967
Income tax payable	37,114,798	12,334,939	9,286,158	-
	4,250,054,164	3,705,631,352	2,790,934,791	2,618,059,840
Total equity and liabilities	12,117,015,927	11,544,043,733	10,134,182,479	10,059,541,927
Net asset value per share (Rs.)	15.25	15.19	14.23	14.42
These financial statements are in compliance with the requirements of the Companies Act No. 07 of 2007.	0

[SIGNED] Rizna Dilshard Finance Director

The Board of Directors is responsible for these Financial Statements. Signed for and on behalf of the Board by:

[SIGNED]	[SIGNED]
Dr. Sivakumar Selliah	Aelian Gunawardene
Chairman	Managing Director

The Accounting Policies and Notes on pages 06 to 09 form an integral part of these financial statements.

08th August 2022

Colombo

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JAT HOLDINGS PLC

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME - GROUP

	Notes		Group			Company
For the three months ended 30 June	2022	2021	Change	2022	2021	Change
		Rs.	Rs.	%	Rs.	Rs.	%
Revenue from contracts with customers	4	1,935,037,374	1,395,745,883	39%	1,185,871,952	983,152,711	21%
Cost of sales		(1,409,456,109)	(1,013,137,446)	39%	(773,403,659)	(694,486,640)	11%
Gross profit		525,581,265	382,608,437	37%	412,468,293	288,666,071	43%
Other income		30,299,898	12,444,017	143%	29,899,701	14,364,017	108%
Selling and distribution expenses		(139,637,582)	(111,388,079)	25%	(135,304,011)	(100,662,075)	34%
Administrative expenses		(136,028,678)	(96,919,022)	40%	(93,925,283)	(87,441,190)	7%
Results from operating activities		280,214,903	186,745,354	50%	213,138,700	114,926,824	85%
Finance cost	5	(96,726,245)	(21,601,500)	348%	(117,176,474)	(19,460,803)	502%
Finance income	6	15,277,903	3,793,078	303%	14,739,568	1,393,278	958%
Profit before tax		198,766,561	168,936,932	18%	110,701,794	96,859,299	14%
Income tax expense		(30,890,812)	(7,287,020)	324%	(17,998,251)	(5,308,190)	239%
Profit for the period		167,875,749	161,649,912	4%	92,703,543	91,551,109	1%
Profit for the period attributable to:
Equity holders of the parent company		168,967,414	161,202,352	5%	92,703,543	91,551,109	1%
Non-controlling interests		(1,091,665)	447,560	-344%	-	-
		167,875,749	161,649,912		92,703,543	91,551,109
Other Comprehensive Income
Other comprehensive income to be reclassified to profit
or loss in subsequent periods
Currency translation of foreign operations		56,017,099	9,383,615		-	-
Other comprehensive income for the period, net of tax		56,017,099	9,383,615		-	-
Total comprehensive income for the period, net of tax		223,892,849	171,033,527		92,703,543	91,551,109
Total comprehensive Income attributable to:
Equity holders of the parent		224,773,087	170,451,247		92,703,543	91,551,109
Non-controlling interest		(880,238)	582,280		-	-
		223,892,849	171,033,527		92,703,543	91,551,110
Basic earnings/(loss) per share (Rs.)		0.33	0.35		0.18	0.20

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JAT HOLDINGS PLC

STATEMENT OF CHANGES IN EQUITY - GROUP

				Total	controlling	Total equity
	capital	earnings	translation
		interest
			reserve
	Rs.	Rs.	Rs.	Rs.	Rs.	Rs.
Balance as at 1 April 2021	918,770,013	4,451,031,491	(24,866,701)	5,344,934,803	(4,369,381)	5,340,565,422
Profit/(loss) for the period	-	161,202,352	-	161,202,352	447,560	161,649,912
Other comprehensive income, net of tax	-	-	9,248,895	9,248,895	134,720	9,383,615
Total comprehensive income
-	161,202,352	9,248,895	170,451,248	582,280	171,033,527
Dividends to equity holders	-	(113,648,268)	-	(113,648,268)	-	(113,648,268)
Balance as at 30 June 2021	918,770,013	4,498,585,575	(15,617,806)	5,401,737,783	(3,787,102)	5,397,950,681

	Attributable to equity holders of the parent		Non-	Total equity
			Foreign currency	Total
	Stated	Retained	controlling
	translation
	capital	earnings		interest
	reserve
	Rs.	Rs.	Rs.	Rs.	Rs.	Rs.
Balance as at 01 April 2022	2,395,221,320	5,263,420,779	96,297,224	7,754,939,323	(8,337,725)	7,746,601,598
Profit for the period	-	168,967,414	-	168,967,414	(1,091,665)	167,875,749
Other comprehensive income, net of tax	-	-	55,805,672	55,805,672	211,427	56,017,099
Total comprehensive income
-	168,967,414	55,805,672	224,773,087	(880,238)	223,892,849
Dividends to equity holders	-	(193,954,954)	-	(193,954,954)	-	(193,954,954)
Balance as at 30 June 2022	2,395,221,320	5,238,433,239	152,102,896	7,785,757,455	(9,217,963)	7,776,539,492

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JAT HOLDINGS PLC

STATEMENT OF CHANGES IN EQUITY - COMPANY

	Stated	Retained	Total Equity
	Capital	Earnings
	Rs.	Rs.	Rs.
Balance as at 01 April 2021	918,770,013	4,372,129,973	5,290,899,986
Profit for the period	-	91,551,109	91,551,109
Other Comprehensive Income, Net of Taxes	-	-	-
Total comprehensive income
-	91,551,109	91,551,109
Dividends to equity holders	-	(113,648,268)	(113,648,268)
Balance as at 30 June 2021	918,770,013	4,350,032,814	5,268,802,827

	Stated	Retained	Total equity
	capital	earnings
	Rs.	Rs.	Rs.
Balance as at 01 April 2022	2,395,221,320	4,966,747,147	7,361,968,467
Profit for the period	-	92,703,543	92,703,543
Other comprehensive income, net of tax	-	-	-
Total comprehensive income
-	92,703,543	92,703,543
Dividends to equity holders	-	(193,954,954)	(193,954,954)
Balance as at 30 June 2022	2,395,221,320	4,865,495,736	7,260,717,056

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