Printcare : Quarterly Finance Report 30.06.2022

Corporate Information

Printcare PLC was incorporated as a Private Limited Liability Company on 3rd September 1979

Under the Companies' Ordinance NO. 51 of 1938.

It was converted to a Public Limited Liability Company on 21st October 1994.

Company Registration No : PQ 75

Tax payer Identification No : 104059317

BOARD OF DIRECTORS

Merrill J Fernando

Abbas Esufally

K R Ravindran

Ejaz Chatoor

Dayasiri Warnakulasooriya

Ms. Anushya Coomaraswamy

Vajira Kulatilaka

Krishna Ravindran

Steven Mark Enderby

REGISTERED OFFICE

77, Nungamugoda Road, Kelaniya.

STOCK EXCHANGE LISTING

Colombo Stock Exchange

AUDITORS

Messrs. Ernst & Young

Chartered Accountants

201, De Saram Place, Colombo 10.

LAWYERS

D.L. & F De Saram

Attorneys-at-Law and Notaries Public

47,Alexandra Place, Colombo 07.

SECRETARIES

Managers & Secretaries (Pvt) Limited

8, Tickell Road, Colombo 08.

BANKERS

National Development Bank PLC

Commercial Bank of Ceylon PLC

Standard Chartered Bank

People's Bank

Nations Trust Bank PLC

Bank of Ceylon

Hatton National Bank PLC

Union Bank of Colombo PLC

Seylan Bank PLC

DFCC Bank PLC

Printcare PLC

Consolidated Income Statement
Group
		Quarter	Quarter		Year
	Note	ended	ended	Variance	ended
		30.06.2022	30.06.2021		31.03.2022
		Rs.'000	Rs.'000	Rs.'000	Rs. '000
Revenue		3,081,040	1,633,412	1,447,628	7,626,233
Cost of Sales		(1,969,314)	(1,248,534)	(720,780)	(5,767,247)
Gross Profit		1,111,726	384,879	726,848	1,858,986
		36.1%	23.6%		24.4%
Other Operating Income		21,632	14,715	6,917	59,470
Finance Income		19,034	1,039	17,995	1,015,865
Distribution Costs		(98,247)	(50,680)	(47,567)	(205,433)
Administrative Expenses	11	261,720	(184,683)	446,403	(194,661)
Finance Costs		(131,702)	(46,129)	(85,573)	(260,848)
Share of Associate Profit / (Loss)	14	-	20,410	(20,410)	62,786
Profit/ (Loss) Before Tax		1,184,164	139,551	1,044,612	2,336,166
Income Tax (Expense)/Reversal		(133,513)	(32,078)	(101,436)	(71,210)
Profit/ (Loss) for the Period		1,050,650	107,474	943,177	2,264,956

Profit/ (Loss) Attributable to: Equity Holders of the Parent

Minority Interests

1,024,487	110,629	913,858	2,236,812
26,164	(3,155)	29,319	28,144
1,050,650	107,474	943,177	2,264,956

Earnings Per Share - Basic	10	11.92	1.29	26.02
Dividends Per Share		-	1.00	5.00
The above figures are provisional and subject to audit.

Printcare PLC

Consolidated Statement of Comprehensive Income
Group
	Quarter	Quarter	Year
Note	ended	ended	Ended
	30.06.2022	30.06.2021	31.03.2022
	Rs.'000	Rs.'000	Rs. '000
Profit/ (Loss) for the Period	1,050,650	107,474	2,264,956
Other Comprehensive Income
Gains on Fair Value through Other Comprehensive Income Investments	(257)	(27)	(989)
Currency Translation of Foreign Operations	7,851	(385)	17,035
Actuarial Gains/(Losses)	-	-	(1,540)
Deferred Tax Effect on actuarial gain	-	-	252
Other Comprehensive Income for the Year Net of Tax	1,058,244	107,062	2,279,714
Total Comprehensive Income Attributable to:
Equity Holders of the Parent	1,032,080	110,217	2,251,942
Minority Interests	26,164	(3,155)	27,772
	1,058,244	107,062	2,279,714
The above figures are provisional and subject to audit.

Printcare PLC

Statement Of Financial Position

As at 31 June 2022

Group

	Note	30.06.2022	31.03.2022
		Rs.'000	Rs.'000
ASSETS
Non-Current Assets
Property, Plant and Equipment		3,725,999	3,764,777
Intangible Assets		68,634	66,838
Right of use Asset		88,636	93,727
Fair value through Other Comprehensive Income Investments		1,807	2,065
Deferred Tax Assets		41,733	46,521
		3,926,810	3,973,927
Current Assets
Inventories		3,284,704	2,603,912
Trade and Other Receivables		3,007,560	2,700,356
Prepayments		53,081	49,172
Income Tax Recoverable		-	1,224
Other Taxes Recoverable		224,297	192,221
Other Short Term Investments		397,587	503,466
Cash and Bank Balances		1,777,661	1,565,456
		8,744,888	7,615,807
Total Assets		12,671,698	11,589,734
EQUITY AND LIABILITIES
Equity
Stated Capital	12	271,893	271,893
Reserves		1,020,721	1,012,870
Retained Earnings		4,579,115	3,554,628
Fair value through Other Comprehensive Income Reserves		752	1,009
		5,872,480	4,840,400
Non Controlling Interests		240,357	214,193
Total Equity		6,112,837	5,054,593
Non-Current Liabilities
Interest Bearing Loans and Borrowings		1,900,129	1,923,712
Leased Liability		63,539	68,353
Deferred Tax Liabilities		241,444	211,206
Employee Benefit Liability		235,241	228,766
		2,440,353	2,432,036
Current Liabilities
Trade and Other Payables		888,877	1,429,743
Income Tax Payable		198,306	100,132
Other Taxes Payable		78,671	62,872
Interest Bearing Loans and Borrowings		2,934,059	2,492,195
Leased Liability		18,594	18,163
		4,118,506	4,103,105
Total Equity and Liabilities		12,671,698	11,589,734
Net Asset Value Per Share (Rs.)		68.31	56.31
The above figures are provisional and subject to audit.
These Financial Statements are in compliance with the Companies Act No. 07 of 2007.
…………...…………………….…
R. Kishore Ignatius
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 by,
…………...………………………….		…………...………………………….
K.R.Ravindran		A. Coomaraswamy
Director		Director
Printcare PLC		Printcare PLC

8-Aug-22