LB FINANCE PLC F O R T H E P E R I O D E N D E D D E C E M B E R 3 1 , 2 0 2 2
LB FINANCE PLC
STATEMENT OF COMPREHENSIVE INCOME
Period ended 31 December 2022
Income
Interest Income
Less : Interest Expenses
Net Interest Income
Fee and Commission Income
Net Trading Income
Other Operating Income
Total Operating Income
Less : Impairment Charges and Other Losses
Net Operating Income
Less : Operating Expenses
Personnel Expenses
Depreciation of Property, Plant and Equipment
Amortisation of Intangible Assets
Other Operating Expenses
Total Operating Expenses
Operating Profit before Tax on Financial Services
Less : Tax on Financial Services
Profit before Taxation
Less : Income Tax Expense
Profit for the Period
Basic Earnings per Share (Rs.)
Other Comprehensive Income
Other Comprehensive Income that will never be Reclassified to Income Statement
Net Gains/(Losses) on Investment in Equity Instruments - Fair Value Through Other Comprehensive Income
Net Other Comprehensive Income that will never be Reclassified to Income Statement
Other Comprehensive Income for the Period, Net of Tax
Total Comprehensive Income for the Period, Net of Tax
COMPANY
FOR THE 3 MONTHS ENDED | FOR THE 9 MONTHS ENDED | |||||
31.12.2022 | 31.12.2021 | Change | 31.12.2022 | 31.12.2021 | Change | |
Rs.('000) | Rs.('000) | % | Rs.('000) | Rs.('000) | % | |
11,496,971 | 8,387,950 | 37 | 30,408,809 | 22,022,273 | 38 | |
10,805,229 | 7,674,622 | 41 | 28,083,297 | 20,292,523 | 38 | |
6,107,231 | 2,169,073 | >100 | 14,236,646 | 6,445,926 | >100 | |
4,697,998 | 5,505,549 | (15) | 13,846,651 | 13,846,597 | 0 | |
672,177 | 673,975 | (0) | 2,175,206 | 1,617,900 | 34 | |
(5,285) | 14,326 | (>100) | (2,741) | 11,743 | (>100) | |
24,850 | 25,027 | (1) | 153,047 | 100,108 | 53 | |
5,389,740 | 6,218,877 | (13) | 16,172,163 | 15,576,348 | 4 | |
88,543 | (160,711) | >100 | 527,257 | 599,739 | (12) | |
5,301,197 | 6,379,588 | (17) | 15,644,906 | 14,976,609 | 4 | |
867,700 | 862,105 | 1 | 2,617,141 | 2,409,700 | 9 | |
204,049 | 205,953 | (1) | 611,292 | 586,935 | 4 | |
1,639 | 2,459 | (33) | 5,932 | 8,882 | (33) | |
751,406 | 609,231 | 23 | 2,012,586 | 1,612,048 | 25 | |
1,824,794 | 1,679,748 | 9 | 5,246,951 | 4,617,565 | 14 | |
3,476,403 | 4,699,840 | (26) | 10,397,955 | 10,359,044 | 0 | |
692,881 | 667,228 | 4 | 1,905,254 | 1,538,864 | 24 | |
2,783,522 | 4,032,612 | (31) | 8,492,701 | 8,820,180 | (4) | |
1,038,205 | 1,150,470 | (10) | 2,710,147 | 2,525,249 | 7 | |
1,745,317 | 2,882,142 | (39) | 5,782,554 | 6,294,931 | (8) | |
3.15 | 5.20 | (39) | 10.44 | 11.36 | (8) | |
(9,971) | 38,047 | (>100) | 13,943 | 33,824 | (59) |
(9,971) | 38,047 | (>100) | 13,943 | 33,824 | (59) |
(9,971) | 38,047 | (>100) | 13,943 | 33,824 | (59) |
1,735,346 | 2,920,189 | (41) | 5,796,497 | 6,328,755 | (8) |
LB FINANCE PLC
STATEMENT OF COMPREHENSIVE INCOME
Period ended 31 December 2022
Income
Interest Income
Less : Interest Expenses
Net Interest Income
Fee and Commission Income
Net Trading Income
Other Operating Income
Total Operating Income
Less : Impairment Charges and Other Losses
Net Operating Income
Less : Operating Expenses
Personnel Expenses
Depreciation of Property, Plant and Equipment
Amortisation of Intangible Assets
Other Operating Expenses
Total Operating Expenses
Operating Profit before Tax on Financial Services
Less : Tax on Financial Services
Profit before Taxation
Less : Income Tax Expense
Profit for the Period
Profit Attributable to:
Equity Holders of the Company
Non-Controlling Interest
Profit for the Period
Basic Earnings per Share (Rs.)
Other Comprehensive Income
Other Comprehensive Income that will be Reclassified to Income Statement
Net Gains/(Losses) from Translating the Financial Statements of the Foreign Operations
Net Other Comprehensive Income that will be Reclassified to Income Statement
Other Comprehensive Income that will never be Reclassified to Income Statement Net Gains/(Losses) on Investment in Equity Instruments - Fair Value Through Other Comprehensive Income
Net Other Comprehensive Income that will never be Reclassified to Income Statement
Other Comprehensive Income for the Period, Net of Tax
Total Comprehensive Income for the Period, Net of Tax
Attributable to:
Equity Holders of the Company
Non-Controlling Interest
Total Comprehensive Income for the Period, Net of Tax
GROUP
FOR THE 3 MONTHS ENDED | FOR THE 9 MONTHS ENDED | ||||
31.12.2022 | 31.12.2021 | Change | 31.12.2022 | 31.12.2021 | Change |
Rs.('000) | Rs.('000) | % | Rs.('000) | Rs.('000) | % |
11,594,361 | 8,384,970 | 38 | 30,676,351 | 22,055,030 | 39 |
10,889,053 | 7,669,319 | 42 | 28,322,075 | 20,327,572 | 39 |
6,118,286 | 2,172,743 | >100 | 14,273,691 | 6,457,885 | >100 |
4,770,767 | 5,496,576 | (13) | 14,048,384 | 13,869,687 | 1 |
679,688 | 676,455 | 0 | 2,195,659 | 1,621,623 | 35 |
(5,285) | 14,326 | (>100) | (2,741) | 11,743 | (>100) |
30,905 | 24,870 | 24 | 161,358 | 94,092 | 71 |
5,476,075 | 6,212,227 | (12) | 16,402,660 | 15,597,145 | 5 |
95,294 | (115,119) | >100 | 499,984 | 592,995 | (16) |
5,380,781 | 6,327,346 | (15) | 15,902,676 | 15,004,150 | 6 |
900,262 | 872,176 | 3 | 2,716,003 | 2,441,868 | 11 |
207,867 | 206,464 | 1 | 624,942 | 588,557 | 6 |
2,861 | 3,178 | (10) | 9,740 | 11,194 | (13) |
777,646 | 616,059 | 26 | 2,087,656 | 1,631,937 | 28 |
1,888,636 | 1,697,877 | 11 | 5,438,341 | 4,673,556 | 16 |
3,492,145 | 4,629,469 | (25) | 10,464,335 | 10,330,594 | 1 |
694,296 | 667,228 | 4 | 1,909,334 | 1,538,864 | 24 |
2,797,849 | 3,962,241 | (29) | 8,555,001 | 8,791,730 | (3) |
1,041,856 | 1,147,727 | (9) | 2,721,715 | 2,521,039 | 8 |
1,755,993 | 2,814,514 | (38) | 5,833,286 | 6,270,691 | (7) |
1,756,237 | 2,814,514 | (38) | 5,837,623 | 6,270,691 | (7) |
(244) | - | (100) | (4,337) | - | (100) |
1,755,993 | 2,814,514 | (38) | 5,833,286 | 6,270,691 | (7) |
3.17 | 5.08 | (38) | 10.54 | 11.32 | (7) |
1,076 | 35,726 | 97 | 17,158 | (148,634) | >100 |
1,076 | 35,726 | 97 | 17,158 | (148,634) | >100 |
(9,971) | 38,047 | (>100) | 13,943 | 33,824 | (59) |
(9,971) | 38,047 | (>100) | 13,943 | 33,824 | (59) |
(8,895) | 73,773 | (>100) | 31,101 | (114,810) | (>100) |
1,747,098 | 2,888,287 | (40) | 5,864,387 | 6,155,881 | (5) |
1,747,342 | 2,888,287 | (40) | 5,868,724 | 6,155,881 | (5) |
(244) | - | (100) | (4,337) | - | (100) |
1,747,098 | 2,888,287 | (40) | 5,864,387 | 6,155,881 | (5) |
LB FINANCE PLC
STATEMENT OF FINANCIAL POSITION
As at 31 December 2022 | Company | Group | |||
Audited | Audited | ||||
31.12.2022 | 31.03.2022 | 31.12.2022 | 31.03.2022 | ||
Rs.('000) | Rs.('000) | Rs.('000) | Rs.('000) | ||
Assets | |||||
Cash and Cash Equivalents | 5,843,040 | 14,458,986 | 5,928,558 | 14,634,136 | |
Financial Assets Recognised Through Profit or Loss - Measured at Fair | |||||
Value | 10,467 | 13,208 | 10,467 | 13,208 | |
Financial Assets at Amortised Cost - Loans and Receivables | 112,140,521 | 92,837,601 | 113,336,990 | 93,897,204 | |
Financial Assets at Amortised Cost - Lease Rentals Receivable and Stock | |||||
out on Hire | 35,441,300 | 41,558,002 | 35,494,047 | 41,640,197 | |
Financial Assets Measured at Fair Value Through Other Comprehensive | |||||
Income | 99,968 | 86,102 | 99,971 | 86,104 | |
Other Financial Assets | 13,057,631 | 5,598,624 | 13,169,079 | 5,655,767 | |
Other Non Financial Assets | 587,502 | 454,711 | 637,967 | 500,581 | |
Investment in Subsidiary | 921,998 | 921,162 | - | - | |
Property, Plant and Equipment and Right-of-Use Assets | 8,590,201 | 8,421,741 | 8,628,095 | 8,448,930 | |
Investment Properties | - | - | 4,150 | 71,150 | |
Intangible Assets | 17,581 | 14,875 | 130,873 | 131,000 | |
Total Assets | 176,710,209 | 164,365,012 | 177,440,197 | 165,078,277 | |
Liabilities | |||||
Due to Banks | 23,700,712 | 26,858,737 | 23,704,427 | 26,861,944 | |
Financial Liabilities at Amortised Cost - Due to Depositors | 107,635,568 | 89,143,982 | 107,893,320 | 89,478,506 | |
Debt Instruments Issued and Other Borrowed Funds | 3,968,260 | 8,564,617 | 3,968,260 | 8,564,617 | |
Other Financial Liabilities | 3,224,748 | 3,305,112 | 3,268,235 | 3,343,419 | |
Other Non Financial Liabilities | 1,022,903 | 1,134,771 | 1,082,877 | 1,182,279 | |
Current Tax Liabilities | 1,289,975 | 1,882,242 | 1,296,272 | 1,875,082 | |
Deferred Tax Liabilities | 111,486 | 111,486 | 111,486 | 111,486 | |
Post Employment Benefit Liability | 341,292 | 316,973 | 342,537 | 323,833 | |
Total Liabilities | 141,294,944 | 131,317,920 | 141,667,414 | 131,741,166 | |
Equity | |||||
Stated Capital | 838,282 | 838,282 | 838,282 | 838,282 | |
Reserves | 8,341,729 | 8,038,658 | 8,627,525 | 8,307,296 | |
Retained Earnings | 26,235,254 | 24,170,152 | 26,206,015 | 24,085,844 | |
Total Equity Attributable to Equity Holders of the Company | 35,415,265 | 33,047,092 | 35,671,822 | 33,231,422 | |
Non Controlling Interest | - | - | 100,961 | 105,689 | |
Total Equity | 35,415,265 | 33,047,092 | 35,772,783 | 33,337,111 | |
Total Liabilities and Equity | 176,710,209 | 164,365,012 | 177,440,197 | 165,078,277 | |
Net Asset Value per Share (Rs.) | 63.92 | 59.65 | 64.38 | 59.98 | |
Commitments and Contingencies | 2,379,453 | 1,694,463 | 2,379,507 | 1,694,463 |
The information contained in these statements have been extracted from the unaudited Financial Statements unless indicated as "Audited".
CERTIFICATION:
These Financial Statements are in compliance with the requirements of the Companies Act No. 07 of 2007.
(Sgd.)
Malith Hewage
Chief Financial Officer
The Board of Directors is responsible for the preparation and presentation of these Financial Statements.
Signed for and on behalf of the Board of Directors by,
(Sgd.) | (Sgd.) |
J A S Sumith Adhihetty | Mrs. Yogadinusha Bhaskaran |
Managing Director | Director |
18 January 2023 | |
Colombo |
LB FINANCE PLC
STATEMENT OF CHANGES IN EQUITY - COMPANY
Stated Capital | Retained | Statutory | Fair Value | Total Equity |
Earnings | Reserve | Reserve | ||
Rs.('000) | Rs.('000) | Rs.('000) | Rs.('000) | Rs.('000) |
Balance as at 01 April 2021 (Audited) | 838,282 | 19,754,900 | 7,683,689 | (87,583) | 28,189,288 | ||||
Net Profit for the Period | - | 6,294,931 | - | - | 6,294,931 | ||||
Other Comprehensive Income, Net of Tax | - | - | - | 33,824 | 33,824 | ||||
Transfers During the Period | - | (1,258,986) | 1,258,986 | - | - | ||||
Final Dividend for 2020/21 | - | (2,216,229) | - | - | (2,216,229) | ||||
Balance as at 31 December 2021 | 838,282 | 22,574,616 | 8,942,675 | (53,759) | 32,301,814 | ||||
Balance as at 01 April 2022 (Audited) | 838,282 | 24,170,152 | 8,116,782 | (78,124) | 33,047,092 | ||||
Surcharge Tax | - | (2,320,210) | - | - | (2,320,210) | ||||
Balance After Surcharge Tax | 838,282 | 21,849,942 | 8,116,782 | (78,124) | 30,726,882 | ||||
Net Profit for the Period | - | 5,782,554 | - | - | 5,782,554 | ||||
Other Comprehensive Income, Net of Tax | - | - | - | 13,943 | 13,943 | ||||
Transfers During the Period | - | (289,128) | 289,128 | - | - | ||||
Final Dividend for 2021/22 | - | (1,108,114) | - | - | (1,108,114) | ||||
Balance as at 31 December 2022 | 838,282 | 26,235,254 | 8,405,910 | (64,181) | 35,415,265 | ||||
STATEMENT OF CHANGES IN EQUITY - GROUP | |||||||||
Stated Capital | Retained | Statutory | Foreign | Fair Value | Total Equity | Non-Controlling | Total Equity | ||
Earnings | Reserve | Currency | Reserve | Attributable to | Interest | ||||
Translation | Equity Holders | ||||||||
Reserve | of the Company | ||||||||
Rs.('000) | Rs.('000) | Rs.('000) | Rs.('000) | Rs.('000) | Rs.('000) | Rs.('000) | Rs.('000) | ||
Balance as at 01 April 2021 (Audited) | 838,282 | 19,801,953 | 7,683,689 | 150,901 | (87,583) | 28,387,242 | - | 28,387,242 | |
Net Profit for the Period | - | 6,270,691 | - | - | - | 6,270,691 | - | 6,270,691 | |
Other Comprehensive Income, Net of Tax | - | - | - | (148,634) | 33,824 | (114,810) | - | (114,810) | |
Transfers During the Period | - | (1,258,986) | 1,258,986 | - | - | - | - | - | |
Final Dividend for 2020/21 | - | (2,216,229) | - | - | - | (2,216,229) | - | (2,216,229) | |
Balance as at 31 December 2021 | 838,282 | 22,597,429 | 8,942,675 | 2,267 | (53,759) | 32,326,894 | - | 32,326,894 | |
Balance as at 01 April 2022 (Audited) | 838,282 | 24,085,844 | 8,116,782 | 268,638 | (78,124) | 33,231,422 | 105,689 | 33,337,111 | # |
Surcharge Tax | - | (2,320,210) | - | - | - | (2,320,210) | - | (2,320,210) | |
Balance After Surcharge Tax | 838,282 | 21,765,634 | 8,116,782 | 268,638 | (78,124) | 30,911,212 | 105,689 | 31,016,901 | |
Net Profit for the Period | - | 5,837,623 | - | - | - | 5,837,623 | (4,337) | 5,833,286 | |
Other Comprehensive Income, Net of Tax | - | - | - | 17,158 | 13,943 | 31,101 | - | 31,101 | |
Transfers During the Period | - | (289,128) | 289,128 | - | - | - | - | - | |
Disposal of Shares | - | - | - | - | - | - | (391) | (391) | |
Final Dividend for 2021/22 | - | (1,108,114) | - | - | - | (1,108,114) | - | (1,108,114) | |
Balance as at 31 December 2022 | 838,282 | 26,206,015 | 8,405,910 | 285,796 | (64,181) | 35,671,822 | 100,961 | 35,772,783 | # |
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L B Finance plc published this content on 18 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 January 2023 10:39:02 UTC.
