CAPITAL ALLIANCE PLC
INTERIM FINANCIAL STATEMENTS
FOR THE QUARTER ENDED 30TH JUNE 2022
CAPITAL ALLIANCE PLC
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
FOR THE | QUARTER ENDED | |||
30-Jun-22 | 30-Jun-21 | |||
Note | Rs. | Rs. | ||
(Unaudited) | (Unaudited) | |||
Interest Income | 2 | 441,204,570 | 126,098,218 | |
Interest Expenses | 3 | (307,974,980) | (74,079,914) | |
Net Interest Income | 133,229,590 | 52,018,304 | ||
Net Gain from Trading | 4.1 | 112,763,838 | 6,343,385 | |
Direct Expenses | (1,223,995) | (1,872,155) | ||
Other Income | 23,683 | 4,658,997 | ||
Net Gain/(Loss) from remeasurement of Financial Assets | ||||
at FVTPL | 4.2 | 291,496,866 | (354,265) | |
Net Operating Income | 536,289,982 | 60,794,266 | ||
Operating Expenses | ||||
Personnel Expenses | (21,276,388) | (27,049,526) | ||
Depreciation and Amortisation | (1,631,653) | (2,082,803) | ||
Other Expenses | 5 | (217,577,074) | (17,951,891) | |
Profit Before Tax | 295,804,867 | 13,710,046 | ||
Income Tax Expenses | 6 | (70,350,408) | (1,326,010) | |
Profit for the period | 225,454,459 | 12,384,036 | ||
Other Comprehensive Income | ||||
Other Comprehensive Income for the period | - | - | ||
Total Comprehensive Income for the period | 225,454,459 | 12,384,036 | ||
Basic/Diluted Earnings per Share (Rs.) | 7 | 0.68 | 0.04 |
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CAPITAL ALLIANCE PLC
STATEMENT OF FINANCIAL POSITION
AS AT | 30-Jun-22 | 31-Mar-22 | |
Rs. | Rs. | ||
(Unaudited) | (Audited) | ||
ASSETS | |||
Cash and Cash Equivalents | 72,124,803 | 14,265,035 | |
Financial Assets measured at Amortised Cost | 44,925,028 | 40,167,893 | |
Financial Assets measured at FVTPL | 11,709,635,996 | 8,075,894,287 | |
Amount due from Related Companies | 43,318,605 | 886,146 | |
Other Receivables | 7,284,419 | 23,966,904 | |
Deferred Tax Asset | 5,509,875 | 43,977,351 | |
Intangible Assets | 1,499,446 | 932,103 | |
Right-of-use Asset | 10,186,638 | 11,205,302 | |
Equipment | 3,442,432 | 3,595,286 | |
Total Assets | 11,897,927,242 | 8,214,890,307 | |
LIABILITIES AND EQUITY | |||
Liabilities | |||
Financial Liabilities at Amortised Cost | 8,842,870,412 | 5,465,983,373 | |
Amounts due to Related Companies | 15,324,774 | 7,046,054 | |
Other Payables | 65,229,377 | 9,592,308 | |
Lease Liability | 10,853,525 | 11,772,683 | |
Retirement Benefit Obligation | 38,556,527 | 38,506,345 | |
Income Tax Payable | 31,882,932 | 14,234,307 | |
Total Liabilities | 9,004,717,546 | 5,547,135,070 | |
EQUITY | |||
Stated Capital | 723,348,421 | 723,348,421 | |
Special Risk Reserve | 667,344,463 | 644,799,017 | |
Retained Earnings | 1,502,516,812 | 1,299,607,799 | |
Total Equity | 2,893,209,696 | 2,667,755,237 | |
Total Liabilities and Equity | 11,897,927,242 | 8,214,890,307 | |
NAPS (Rs.) | 8.78 | 8.10 |
These financial statements are in compliance with the requirements of the Companies Act No. 07 of 2007.
Sgd.
…................................
Mr. Yasantha Kumara
Financial Controller
The Board of Directors is responsible for the preparation and presentation of these financial statements.
Sgd. | Sgd. |
…................................ | …................................ |
Mr. W A T Fernando | Mr. C S R S Anthony |
Director | Director |
26th July 2022 | |
Colombo |
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CAPITAL ALLIANCE PLC
STATEMENT OF CHANGES IN EQUITY | |||||||||||
FOR THE QUARTER ENDED 30TH JUNE 2022 | |||||||||||
Stated Capital | Special Risk | Retained | Total | ||||||||
Reserve | Earnings | ||||||||||
Rs. | Rs. | Rs. | Rs. | ||||||||
Balance as at 01st April 2021 | 311,576,061 | 644,799,017 | 1,767,072,220 | 2,723,447,298 | |||||||
Profit for the Period | - | - | 12,384,036 | 12,384,036 | |||||||
Other Comprehensive Income for the Period | - | - | - | - | |||||||
Total Comprehensive Income | - | - | 12,384,036 | 12,384,036 | |||||||
Dividend Paid | - | - | (300,250,678) | (300,250,678) | |||||||
Transferred To the Special Risk Reserve | - | 1,349,577 | (1,349,577) | - | |||||||
Balance as at 30th June 2021 | 311,576,061 | 646,148,594 | 1,477,856,001 | 2,435,580,656 | |||||||
Balance as at 01st April 2022 | |||||||||||
723,348,421 | 644,799,017 | 1,299,607,799 | 2,667,755,237 | ||||||||
Profit for the Period | - | - | 225,454,459 | 225,454,459 | |||||||
Other Comprehensive Income for the Period | - | - | - | - | |||||||
Total Comprehensive Income | - | - | 225,454,459 | 225,454,459 | |||||||
Transferred To the Special Risk Reserve | - | 22,545,446 | (22,545,446) | - | |||||||
Balance as at 30th June 2022 | 723,348,421 | 667,344,463 | 1,502,516,812 | 2,893,209,696 | |||||||
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CAPITAL ALLIANCE PLC
STATEMENT OF CASH FLOWS
FOR THE QUARTER ENDED | 30-Jun-22 | 30-Jun-21 | |
Rs. | Rs. | ||
(Unaudited) | (Unaudited) | ||
Cash flows from Operating Activities | |||
Interest Receipts | 252,501,267 | 126,098,218 | |
Interest Payments | (246,326,776) | (74,079,914) | |
Payment of Direct Expenses | (1,223,995) | (1,872,155) | |
Other Receipts | 23,683 | 4,658,997 | |
Cash payments to Employees and Other payments | (237,630,321) | (44,424,468) | |
Operating profit/ (Loss) before changes in Operating Assets and | |||
Liabilities | (232,656,142) | 10,380,679 | |
(Increase)/Decrease in Financial Assets measured at Amortised Cost | (4,737,648) | (761,308,012) | |
(Increase)/Decrease in Financial Assets measured at FVTPL | (3,040,797,190) | 3,944,789,703 | |
(Increase)/Decrease in Other Receivables | 16,682,483 | 919,898 | |
(Increase)/Decrease in Amount due from Related Companies | (42,432,458) | 3,414,410 | |
Increase/(Decrease) in Financial Liabilities at Amortised Cost | 3,315,238,835 | (2,714,527,578) | |
Increase/(Decrease) in Amount due to Related Companies | 8,278,720 | (84,494,529) | |
Increase/(Decrease) in Other Payable | 41,402,762 | (852,871) | |
Net cash from Operating Activities | 60,979,362 | 398,321,699 | |
Gratuity Paid | (925,000) | - | |
Income Taxes Paid | - | (50,940,489) | |
Net cash from / (used in) Operating Activities | 60,054,362 | 347,381,210 | |
Cash flows from Investing Activities | |||
Purchase of Equipment | (330,000) | (2,112,971) | |
Purchase of Intangible Assets | (697,480) | (205,500) | |
Net cash from / (used in) Investing Activities | (1,027,480) | (2,318,471) | |
Cash flows from Financing Activities | |||
Dividend Paid | - | (300,250,675) | |
Lease Payments | (1,167,115) | (1,061,014) | |
Net cash from / (used in) Financing Activities | (1,167,115) | (301,311,689) | |
Net increase in cash and cash equivalents | 57,859,768 | 43,751,050 | |
Cash and cash equivalents at the beginning of the period | 14,265,035 | 10,472,382 | |
Cash and cash equivalents at the end of the period | 72,124,803 | 54,223,432 | |
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Capital Alliance Ltd. published this content on 27 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2022 03:01:00 UTC.