THE FORTRESS RESORTS PLC THE FORTRESS RESORTS PLC
INTERIM FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 ST DECEMBER 2022
THE FORTRESS RESORTS PLC
INTERIM FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 ST DCEMBER 2022
CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 ST DECEMBER | ||||
As.At | As.At | Change | ||
31.12.2022 | 31.03.2022 | % | ||
Audited | ||||
ASSETS | Rs. '000' | Rs. '000' | ||
Non-Current Assets | ||||
Property, Plant & Equipment | 1,173,039 | 1,206,227 | (3) | |
Right to use of Assets | 41,834 | 43,268 | (3) | |
Intangible Assets | 1,598 | 1,695 | (6) | |
Current Assets | 1,216,471 | 1,251,190 | (3) | |
Inventories | 22,800 | 19,806 | 15 | |
Trade and Other Receivables | 26,056 | 47,471 | (45) | |
Advances and Prepayments | 36,100 | 30,163 | 20 | |
Short Term Deposits | 472,862 | 525,768 | (10) | |
Cash and Cash equivalants | 10,623 | 44,869 | (76) | |
Total Assets | 568,441 | 668,077 | (15) | |
1,784,912 | 1,919,267 | (7) | ||
EQUITY AND LIABILITIES | ||||
Capital and Reserves | ||||
Stated Capital | 1,108,867 | 1,108,867 | - | |
Accumulated Profits | 472,801 | 519,797 | 9 | |
Equity attributable to Equity Holders of the Parent | 1,581,668 | 1,628,664 | 3 | |
Non Controlling Interest | 1 | 1 | - | |
Total Equity | 1,581,669 | 1,628,665 | 3 | |
Non-Current Liabilities | ||||
Interest Bearing Loans and Borrowings | 56,747 | 93,164 | 39 | |
Retirement Benefit Obligation | 19,089 | 19,108 | - | |
Deferred Tax Liability | 8,821 | 8,821 | - | |
Current Liabilities | 84,657 | 121,093 | 30 | |
Trade and Other Payables | 66,532 | 58,755 | (13) | |
Contract Liabilities | 37,945 | 59,508 | 36 | |
Interest Bearing Loans and Borrowings | 8,570 | 47,797 | 82 | |
Income Tax Payables | 5,539 | 3,449 | (61) | |
118,586 | 169,509 | 30 | ||
Total Equity and Liabilities | 7 | |||
1,784,912 | 1,919,267 | |||
Net Asset Value per Share (Rs.) | 14.26 | 14.69 |
I certify that these financial statements are in complience with the requirements of the Companies Act No.7 of 2007
Sgd
Chief Financial Officer
The Board of Directors is responsible for the preperation and presentaion of these Financial statements. Signed for and on behalf of the Board by,
Sgd | Sgd |
Director | Director |
Colombo
1 st February 2023
Note :The above figures for the interim period are not audited
THE FORTRESS RESORTS PLC
INTERIM FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 ST DECEMBER 2022
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE PERIOD ENDED 31 ST DECEMBER
FOR 3 MONTHS ENDED | Change | YEAR TO DATE | Change | |||||
31.12.2022 | 31.12.2021 | % | 31.12.2022 | 31.12.2021 | % | |||
Rs. '000' | Rs. '000' | Rs. '000' | Rs. '000' | |||||
Revenue | 96,188 | 97,653 | (2) | 250,936 | 131,995 | 90 | ||
Cost of Sales | (45,883) | (31,492) | (46) | (107,814) | (58,838) | (83) | ||
Gross Profit | (24) | 96 | ||||||
50,305 | 66,161 | 143,122 | 73,157 | |||||
Other | Income and Gains | 909 | - | - | 17,111 | - | - | |
Selling | and Marketing Expenses | (7,244) | (1,471) | (392) | (16,133) | (7,082) | (128) | |
Administrative Expenses | (87,437) | (68,070) | (28) | (228,479) | (181,212) | (26) | ||
Finance Cost | (1,757) | (3,000) | 41 | (6,032) | (9,970) | 39 | ||
Finance Income | 21,888 | 6,690 | 227 | 57,122 | 23,648 | 142 | ||
Profit/(Loss) before Tax | (7,627) | 67 | ||||||
(23,336) | 310 | (33,289) | (101,459) | |||||
Income (Tax Expenses)/ Reversal | (6,002) | 2,144 | (380) | (13,707) | 9,279 | (248) | ||
Profit/(Loss) for the period | (1,296) | 49 | ||||||
(29,338) | 2,454 | (46,996) | (92,180) | |||||
Other Comprehensive Income | - | - | ||||||
Actuarial gain/(loss) on Defined Benefit Plan | - | - | - | - | ||||
Income tax effect | - | - | - | - | ||||
Net other comprehensive income not to be reclassified to profit | - | |||||||
or loss in subsequent periods | - | - | - | - | ||||
Other comprehensive income for the year ,net of tax | ||||||||
- | - | - | - | |||||
Total Comprehensive Income/(loss) for the period net of Tax | (1,296) | 49 | ||||||
(29,338) | 2,454 | (46,996) | (92,180) | |||||
Profit and total comprehensive income attributable to | ||||||||
Entire profit and total comprehensive income is attributable to the equity holders of the parent | ||||||||
Basic Earnings/(Loss) Per Share | (0.26) | 0.02 | (1,296) | (0.42) | (0.83) | 49 | ||
Dividend per share | - | - | - | - |
Note :The above figures for the interim period are not audited : Figures in brackets indicate deductions
THE FORTRESS RESORTS PLC
INTERIM FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 ST DCEMBER 2022
COMPANY, STATEMENT OF FINANCIAL POSITION AS AT 31 ST DECEMBER | ||||
As.At | As.At | Change | ||
31.12.2022 | 31.03.2022 | % | ||
Audited | ||||
ASSETS | Rs. '000' | Rs. '000' | ||
Non-Current Assets | ||||
Investment In Subsidiary | 1,000,010 | 1,000,010 | - | |
1,000,010 | 1,000,010 | - | ||
Current Assets | ||||
Other Receivables | 93,475 | 97,019 | (4) | |
Cash and Cash Equivalents | 44 | 44 | - | |
Total Assets | 93,519 | 97,063 | (4) | |
1,093,529 | 1,097,073 | - | ||
EQUITY AND LIABILITIES | ||||
Capital and Reserves | ||||
Stated Capital | 1,108,867 | 1,108,867 | - | |
Accumilated Profits/(losses) | (17,121) | (13,677) | 25 | |
Total Equity | 1,091,746 | 1,095,190 | - | |
Non-Current Liabilities | ||||
Interest Bearing Loans and Borrowings | - | - | ||
Retirement Benefit Obligation | - | - | - | |
Current Liabilities | - | - | ||
Trade & Other Payables | 1,783 | 1,883 | 5 | |
Bank Overdraft | - | - | - | |
Total Equity and Liabilities | 1,783 | 1,883 | 5 | |
1,093,529 | 1,097,073 | - | ||
Net Asset value per share (Rs.) | 9.85 | 9.88 |
I certify that these financial statements are in complience with the requirements of the Companies Act No.7 of 2007
Sgd
Chief Financial Officer
The Board of Directors is responsible for the preperation and presentaion of these Financial statements. Signed for and on behalf of the Board by,
Sgd | Sgd |
Director | Director |
Colombo | |
1 st February | 2023 |
Note :The above figures for the interim period are not audited
THE FORTRESS RESORTS PLC
INTERIM FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 ST DCEMBER 2022
COMPANY, STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE PERIOD ENDED 31 ST DECEMBER
FOR 3 MONTHS ENDED | Change | YEAR TO DATE | Change | |||||
31.12.2022 | 31.12.2021 | % | 31.12.2022 | 31.12.2021 | % | |||
Revenue | Rs. '000' | Rs. '000' | Rs. '000' | Rs. '000' | ||||
- | - | - | - | - | ||||
Cost of Sales | - | - | - | - | - | |||
Gross Profit | - | |||||||
- | - | - | - | |||||
Other Income and Gains | - | - | - | - | - | - | ||
Selling and Marketing Expenses | - | - | - | - | ||||
Administrative Expenses | (815) | (766) | (6) | (3,444) | (3,064) | (12) | ||
Finance Cost | - | - | - | - | - | - | ||
Finance Income | - | - | - | - | - | |||
Profit/(Loss) before Tax | (815) | (766) | (6) | (3,444) | (3,064) | (12) | ||
Income Tax Expenses | - | - | - | - | - | |||
Profit /(Loss) for the period | (6) | (12) | ||||||
(815) | (766) | (3,444) | (3,064) | |||||
Other Comprehensive Income/(Loss) | - | |||||||
Total Comprehensive Income/(Loss) for the period | (6) | (12) | ||||||
(815) | (766) | (3,444) | (3,064) | |||||
Basic Earnings / (Loss) per share for the period | (0.01) | (0.01) | (6) | (0.03) | (0.03) | (12) | ||
Dividend per share | - | - | - | - | - |
Note :The above figures for the interim period are not audited : Figures in brackets indicate deductions
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Fortress Resorts plc published this content on 02 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 February 2023 10:29:08 UTC.
