laugfs power plc
TRANSCRIPT
LAUGFS POWER PLC INTERIM FINANCIAL REPORT FOR THE QUARTER ENDED 30TH SEPTEMBER 2021
1
LAUGFS POWER PLC
CONSOLIDATED STATEMENT OF PROFIT OR LOSSFor the Quarter ended 30th September 2021
2021 2020 Change 2021 2020 Change 2021
Rs. Rs. % Rs. Rs. % Rs.
Revenue 263,880,653 244,634,391 8% 528,747,587 484,806,403 9% 982,880,136
Cost of Sales (79,735,178) (78,970,862) 1% (159,423,786) (155,457,296) 3% (316,280,264)
Gross Profit 184,145,475 165,663,529 11% 369,323,800 329,349,107 12% 666,599,872
Other Operating Income - - 0% - - 100% -
Selling and Distribution Costs - - 0% - 0% -
Administrative Expenses (34,234,321) (34,492,684) -1% (68,700,274) (66,469,636) 3% (135,593,376)
Operating Profit 149,911,154 131,170,845 14% 300,623,526 262,879,471 0% 531,006,496
Finance Cost (49,869,241) (81,361,631) -39% (103,506,019) (162,533,498) -36% (268,860,807)
Finance Income 164,700 1,209,141 -86% 300,361 1,563,089 -81% 3,056,398
Profit Before Tax from Continuing Operations 100,206,613 51,018,355 96% 197,417,868 101,909,062 94% 265,202,087
Income Tax Expense (2,181,431) (4,983,128) (3,866,107) (25,652,691) -85% (30,458,573)
Profit for the Period 98,025,182 46,035,227 113% 193,551,762 76,256,371 154% 234,743,514
Attributable to:
Equity Holders of the Parent 98,025,182 46,035,227 113% 193,551,762 76,256,371 154% 234,743,514
Non-Controlling Interests - - - - -
98,025,182 46,035,227 193,551,762 76,256,371 234,743,514
Basic/Diluted Earnings Per Share 0.25 0.12 0.50 0.20 0.61
Note : Change % column represents the percentage change in current period's results compared to previous period
The above figures are subject to audit.
Figures in brackets indicates deductions.
Audited
Quarter ended 30th September Six Months ended 30th SeptemberYear ended 31
March
Unaudited Unaudited
2
LAUGFS POWER PLC
CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOMEFor the Quarter ended 30th September 2021
2021 2020 Change 2021 2020 Change 2021
Rs. Rs. % Rs. Rs. % Rs.
Profit for the Period 98,025,182 46,035,227 113% 193,551,762 76,256,371 154% 234,743,514
Other Comprehensive Income
Actuarial Gains/(Losses) on Defined Benefit Liability - 0% - 0% 2,144,259
Tax Effect - 0% - 0% (502,426)
Other Comprehensive Income for the Period Net of Tax - - 0% - - 0% 1,641,833
Total Comprehensive Income for the Period Net of Tax 98,025,182 46,035,227 113% 193,551,762 76,256,371 154% 236,385,347
Attributable to:
Equity Holders of the Parent 98,025,182 46,035,227 113% 193,551,762 76,256,371 154% 236,385,347
Non-Controlling Interests - - 0% - - 0% -
98,025,182 46,035,227 113% 193,551,762 76,256,371 154% 236,385,347
Quarter ended 30th September Six Months ended 30th SeptemberYear ended 31
March
Unaudited Unaudited Audited
3
LAUGFS POWER PLC
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY For the Quarter ended 30th September 2021
Stated Retained Available for Total
Capital Earnings Sale Reserve
Rs. Rs. Rs. Rs.
Balance as at 01 April 2021 1,880,000,000 1,065,480,889 - 2,945,480,889
Profit for the Six Months - 193,551,762 - 193,551,762
Other Comprehensive Income - - - -
Total Comprehensive Income - 193,551,762 - 193,551,762
Dividend Paid - - - -
Balance as at 30th September 2021 1,880,000,000 1,259,032,651 - 3,139,032,651
Balance as at 01 April 2020 1,880,000,000 829,095,541 - 2,709,095,541
Profit for the Six Months - 76,256,371 - 76,256,371
Other Comprehensive Income - - - -
Total Comprehensive Income - 76,256,371 - 76,256,370.70
Dividend Paid - - - -
Balance as at 30th September 2020 1,880,000,000 905,351,913 - 2,785,351,913
Note : The above figures are subject to audit.
Figures in brackets indicates deductions.
4
LAUGFS POWER PLC 0.28 (0.08) (0.49)
CONSOLIDATED STATEMENT OF FINANCIAL POSITIONAs at 30th September 2021
Unaudited Unaudited AuditedAs at As at As at
30.09.2021 30.09.2020 31.03.2021Rs. Rs. Rs.
ASSETSNon-Current Assets
Property, Plant & Equipment 4,587,668,451 4,812,345,115 4,709,768,667
Right-to-use asset 94,539,680 96,997,989 98,258,758
Intangible Assets 638,959,675 639,035,252 638,997,463
5,321,167,806 5,548,378,356 5,447,024,888
Current Assets
Trade and Other Receivables 485,533,421 391,391,912 477,600,647
Income Tax Recoverable 4,812,027 6,290,850 3,872,315
Cash and Cash Equivalents 51,723,683 136,249,178 10,304,799
542,069,131 533,931,940 491,777,761
Total Assets 5,863,236,937 6,082,310,295 5,938,802,649
EQUITY AND LIABILITIES
Capital and Reserves
Stated Capital 1,880,000,000 1,880,000,000 1,880,000,000
Retained Earnings 1,259,032,651 905,351,913 1,065,480,889
Equity attributable to Equity Holders of the Parent 3,139,032,651 2,785,351,913 2,945,480,889
Non-Controlling Interests - - -
Total Equity 3,139,032,651 2,785,351,913 2,945,480,889
Non-Current Liabilities
Interest Bearing Loans and Borrowings 2,031,302,466 2,577,322,982 2,281,606,826
Deferred Tax Liability 52,895,133 44,075,265 49,521,975
Lease Liabilities -Long Term 68,263,166 68,581,338 65,694,244
Retirement Benefit Liability 7,183,469 6,768,373 6,418,018
2,159,644,234 2,696,747,958 2,403,241,063
Current Liabilities
Trade and Other Payables 50,012,071 120,089,955 51,002,430
Lease Liabilities -Short Term 3,874,027 3,082,390 3,717,753
Income Tax Payable - 5,286,139 3,735,019
Bank Overdraft 295,454 326,100 1,395,459
Interest Bearing Loans and Borrowings 510,378,498 471,425,840 530,230,036
564,560,051 600,210,424 590,080,697
Total Equity and Liabilities 5,863,236,937 6,082,310,295 5,938,802,649
(0) 0 0
Net Assets Per Share (Rs.) 8.11 7.20 7.61
Note: The above figures are subject to audit. 0 (0) (0)
I certify that these financial statements are in compliance with the requirements of the Companies Act No :07 of 2007.
Shanaka Indradasa
Chief Financial Officer
The Board of Directors is responsible for the preparation and presantation of these financial statements. Sign for and on behalf of the board by
W.K.H. Wegapitiya U.K. Thilak De Silva
(Director) (Director)
12th November 2021
he Board of Directors is responsible for the preparation and presentation of these Financial Statements.
5
Sgd.
LAUGFS POWER PLC
CONSOLIDATED STATEMENT OF CASH FLOWSFor the Quarter ended 30th September 2021
Unaudited Unaudited
2021 2020
Rs. Rs.
Cash Flows Generated from/(Used in) Operating Activities
Cash Flows from Operating Activities
Profit /(Loss) Before Tax 197,417,868 101,909,062
Non-Cash Adjustment to Reconcile Profit before Tax to Net Cash Flows:
Amortization of Intangible Assets 37,788 37,789
Depreciation of Property, Plant & Equipment 123,448,721 122,590,908
Amortization of Right-to-use Assets 3,719,077 3,594,967
Finance Charge on Right-to-use Assets 4,212,721 4,252,506
Finance Costs 99,293,298 158,280,993
Finance Income (300,361) (1,563,089)
(Profit)/Loss on Disposal of Property, Plant & Equipment - -
Provision for Employee Benefit Liability 765,451 715,224
Transfer of Employee Benefit Liability - -
Operating Profit Before Working Capital Changes 428,594,563 389,818,360
(Increase)/Decrease in Trade and Other Receivables and Prepayments (9,420,305) 129,695,986
Increase/ (Decrease) in Trade and Other Payables (2,537,099) (112,237,242)
Cash Generated from Operations 416,637,159 407,277,104
Employee Benefit Liability Costs Paid - -
Finance Costs Paid (97,746,558) (154,043,352)
Income Tax Paid (5,167,674) -
Net Cash Flows Generated from Operating Activities 313,722,927 253,233,752
Cash Flows from / (Used in) Investing Activities
Acquisition of Intangible Assets - -
Acquisition of Property, Plant & Equipment (1,348,500) (6,773,744)
Proceeds from Disposal of Property, Plant & Equipment - -
Net Cash Flows from/(Used in) Investing Activities (1,348,500) (6,773,744)
Cash Flows from / (Used in) Financing Activities
Dividend Paid - -
Finance Income 300,361 1,563,089
Proceeds from Interest Bearing Loans and Borrowings 12,500,000 62,802,732
Repayment of Interest Bearing Loans and Borrowings (282,655,899) (138,592,598)
Net Cash Flows Used in Financing Activities (269,855,538) (74,226,777)
Net Increase in Cash and Cash Equivalent 42,518,889 172,233,231
Cash and Cash Equivalent at the Beginning of the Period 8,909,340 (36,310,153)
Cash and Cash Equivalent at the End of the Period 51,428,229 135,923,078
Note : The above figures are subject to audit.
Figures in brackets indicates deductions. 51,428,229 135,923,078
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LAUGFS POWER PLC
COMPANY STATEMENT OF PROFIT OR LOSSFor the Quarter ended 30th September 2021
Audited
2021 2020 Change 2021 2020 Change 2021
Rs. Rs. % Rs. Rs. % Rs.
Revenue 18,704,826 14,993,099 25% 47,482,092 31,567,088 50% 76,941,202
Cost of Sales (7,870,408) (6,939,117) 13% (16,036,547) (13,825,152) 16% (28,800,284)
Gross Profit 10,834,418 8,053,982 35% 31,445,545 17,741,937 77% 48,140,918
Other Operating Income - - 0% - - 0% 100,000,250
Selling and Distribution Costs - - 0% - - 0% -
Administrative Expenses (17,429,727) (18,158,470) -4% (34,604,402) (33,970,408) 2% (67,441,659)
Foreign Currency Exchange Gain/(Loss) - - 0% - - 0% -
Operating Profit (6,595,309) (10,104,488) -35% (3,158,857) (16,228,471) 0% 80,699,509
Finance Cost (3,389,321) (24,573,337) -86% (7,265,097) (48,808,230) -85% (21,697,160)
Finance Income 53,512 197,811 -73% 110,974 267,281 -58% 359,516
Profit Before Tax from Continuing Operations (9,931,118) (34,480,014) -71% (10,312,979) (64,769,420) -84% 59,361,865
Income Tax Expense (2,170,655) (1,672,819) (3,852,503) (20,355,003) -81% (29,988,216)
Profit for the Period (12,101,773) (36,152,833) -67% (14,165,482) (85,124,424) -83% 29,373,649
Attributable to:
Equity Holders of the Parent (12,101,773) (36,152,833) -67% (14,165,482) (85,124,424) -83% 29,373,649
Non-Controlling Interests - - 0% - - 0% -
(12,101,773) (36,152,833) (14,165,482) (85,124,424) 29,373,649
Basic/Diluted Earnings Per Share (0.03) (0.09) (0.04) (0.22) 0.08
Note : Change % column represents the percentage change in current period's results compared to previous period
The above figures are subject to audit.
Figures in brackets indicates deductions.
Unaudited Unaudited
Quarter ended 30th September Six Months ended 30th SeptemberYear ended 31
March
7
LAUGFS POWER PLC
COMPANY STATEMENT OF OTHER COMPREHENSIVE INCOMEFor the Quarter ended 30th September 2021
Audited
2021 INTERIM FINANCIAL REPORT FOR THE QUARTER ENDED 31ST DECEMBER 20202020 Change 2021 2020 Change 2021
Rs. Rs. % Rs. Rs. % Rs.
Profit for the Period (12,101,773) (36,152,833) -67% (14,165,482) (85,124,424) -83% 29,373,649
Other Comprehensive Income
Gains/(Losses) on financial assets at FVTOCI - - 0% - - 0% 120,767,936
Actuarial Gains/(Losses) on Defined Benefit Liability - - 0% - - 0% 2,093,440
Tax Effect - - 0% - - 0% (12,721,614)
Other Comprehensive Income for the Period Net of Tax - - 0% - - 0% 110,139,762
Total Comprehensive Income for the Period Net of Tax (12,101,773) (36,152,833) -67% (14,165,482) (85,124,424) -83% 139,513,411
Attributable to:
Equity Holders of the Parent (12,101,773) (36,152,833) -67% (14,165,482) (85,124,424) -83% 139,513,411
Non-Controlling Interests - - 0% - - 0% -
(12,101,773) (36,152,833) -67% (14,165,482) (85,124,424) -83% 139,513,411
Quarter ended 30th
September
Six Months ended 30th
September
Unaudited Unaudited
Year ended 31
March
8
LAUGFS POWER PLC
COMPANY STATEMENT OF CHANGES IN EQUITY For the Quarter ended 30th September 2021
Stated Retained Fair Value Total
Capital EarningsReserve of Financial
Assets at FVOCI
Rs. Rs. Rs. Rs.
Balance as at 01 April 2021 1,880,000,000 346,777,346 947,353,000 3,174,130,346
Profit for the Six Months - (14,165,482) - (14,165,482)
Other Comprehensive Income - - -
Total Comprehensive Income - (14,165,482) - (14,165,482)
Dividend Paid - - - -
Balance as at 30th September 2021 1,880,000,000 332,611,866 947,353,000 3,159,964,866
Balance as at 01 April 2020 1,880,000,000 315,812,684 838,804,251 3,034,616,935
Profit for the Six Months - (85,124,424) - (85,124,424)
Other Comprehensive Income - - - -
Total Comprehensive Income - (85,124,424) - (85,124,424)
Dividend Paid - - - -
Balance as at 30th September 2020 1,880,000,000 230,688,262 838,804,251 2,949,492,513
Note : The above figures are subject to audit.
Figures in brackets indicates deductions.
9
LAUGFS POWER PLC (0.00) - 0.21
COMPANY STATEMENT OF FINANCIAL POSITIONAs at 30th September 2021
Unaudited Unaudited Audited
As at As at As at
30.09.2021 30.09.2020 31.03.2021
Rs. Rs. Rs.
ASSETS
Non-Current Assets
Property, Plant & Equipment 365,055,998 379,319,888 376,764,411
Right-to-use asset 9,499,176 7,627,535 11,053,278
Intangible Assets 85,245 160,822 123,033
Investments in Subsidiaries 4,052,853,000 3,932,085,064 4,052,853,000
4,427,493,419 4,319,193,309 4,440,793,722
Current Assets
Trade and Other Receivables 208,489,755 95,694,036 167,719,361
Cash and Cash Equivalents 4,390,589 15,712,394 4,094,652
212,880,344 111,406,430 171,814,013
Total Assets 4,640,373,763 4,430,599,739 4,612,607,735
EQUITY AND LIABILITIES
Capital and Reserves
Stated Capital 1,880,000,000 1,880,000,000 1,880,000,000
Fair Value Reserve of Financial Assets at FVOCI 947,353,000 838,804,252 947,353,000
Retained Earnings 332,611,866 230,688,262 346,777,346
Equity attributable to Equity Holders of the Parent 3,159,964,866 2,949,492,514 3,174,130,346
Non-Controlling Interests - - -
Total Equity 3,159,964,866 2,949,492,514 3,174,130,346
Non-Current Liabilities
Interest Bearing Loans and Borrowings 128,692,911 160,018,881 146,097,408
Lease Liabilities -Long Term 735,431 - 2,169,494
Deferred Tax Liability 52,895,134 31,856,077 49,521,975
Retirement Benefit Liability 6,765,501 6,710,967 6,074,721
189,088,977 198,585,925 203,863,597
Current Liabilities
Trade and Other Payables 1,249,229,986 1,201,896,850 1,162,768,530
Lease Liabilities -Short Term 2,820,424 2,149,998 2,726,607
Income Tax Payable - - 4,688,334
Bank Overdraft 71,354 68,186 -
Interest Bearing Loans and Borrowings 39,198,156 78,406,266 64,430,320
1,291,319,920 1,282,521,300 1,234,613,791
Total Equity and Liabilities 4,640,373,763 4,430,599,739 4,612,607,735
0 - (0)
Net Assets Per Share (Rs.) 8.17 7.62 8.20
Note: The above figures are subject to audit. 0.00 - (0.21)
I certify that these financial statements are in compliance with the requirements of the Companies Act No :07 of 2007.
Shanaka Indradasa
Chief Financial Officer
The Board of Directors is responsible for the preparation and presantation of these financial statements. Sign for and on behalf of the board by
W.K.H. Wegapitiya U.K. Thilak De Silva
(Director) (Director)
12th November 2021
The Board of Directors is responsible for the preparation and presentation of these Financial Statements.
10
Sgd.
LAUGFS POWER PLC
COMPANY STATEMENT OF CASH FLOWSFor the Quarter ended 30th September 2021
Unaudited Unaudited
2021 2020
Rs. Rs.
Cash Flows Generated from/(Used in) Operating Activities
Cash Flows from Operating Activities
Profit /(Loss) Before Tax (10,312,979) (64,769,420)
Non-Cash Adjustment to Reconcile Profit before Tax to Net Cash Flows:
Amortization of Intangible Assets 37,789 37,789
Depreciation of Property, Plant & Equipment 11,856,913 11,283,602
Amortization of-Right-to-use Assets 1,554,103 1,429,993
Intercompany Interest Expenses - 34,449,058
Finance Costs 7,117,819 14,227,380
Finance Charge on Right-to-use Assets 147,279 131,794
Finance Income (110,975) (267,281)
Provision for Employee Benefit Liability 690,780 657,818
(Profit)/Loss on Disposal of Property, Plant & Equipment - -
Operating Profit Before Working Capital Changes 10,980,729 (2,819,267)
(Increase)/Decrease in Trade and Other Receivables and Prepayments (42,257,922) (5,090,860)
Increase/ (Decrease) in Trade and Other Payables 86,337,153 39,274,455
Cash Generated from Operations 55,059,960 31,364,328
Employee Benefit Liability Costs Paid - -
Finance Costs Paid (6,993,516) (7,425,189)
Income Tax Paid (5,167,674) -
Net Cash Flows Generated from Operating Activities 42,898,770 23,939,138
Cash Flows from / (Used in) Investing Activities
Acquisition of Property, Plant & Equipment (148,500) (1,082,832)
Proceeds from Disposal of Property, Plant & Equipment - -
Net Cash Flows from/(Used in) Investing Activities (148,500) (1,082,832)
Cash Flows from / (Used in) Financing Activities
Finance Income 110,975 267,281
Proceeds from Interest Bearing Loans and Borrowings 12,500,000 35,967,107
Repayment of Interest Bearing Loans and Borrowings (55,136,661) (39,870,892)
Repayment of Lease Rentals - -
Net Cash Flows Used in Financing Activities (42,525,687) (3,636,504)
Net Increase in Cash and Cash Equivalent 224,583 19,219,802
Cash and Cash Equivalent at the Beginning of the Period 4,094,652 (3,575,593)
Cash and Cash Equivalent at the End of the Period 4,319,236 15,644,208
Note : The above figures are subject to audit. 4,319,235 15,644,208
Figures in brackets indicates deductions. (0.29) (0.01)
11
LAUGFS POWER PLCFor the Quarter ended 30th September 2021
Operating Segments
2021 2020 2021 2020 2021 2020 2021 2020
Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.
Revenue
External Customers 38,456,949 21,225,815 490,290,636 463,580,588 - - 528,747,585 484,806,403
38,456,949 21,225,815 490,290,636 463,580,588 - - 528,747,585 484,806,403
Results
Operating Profit 15,336,819 (879,871) 285,286,707 263,759,343 - - 300,623,526 262,879,472
Finance Costs (11,610,279) (20,149,726) (91,895,739) (176,439,894) - 34,056,121 (103,506,018) (162,533,499)
Finance Income 65,603 67,549 234,758 35,551,661 - (34,056,121) 300,361 1,563,089
Profit/(Loss) Before Tax 3,792,144 (20,962,048) 193,625,726 122,871,110 - - 197,417,870 101,909,062
Income Tax Expense - (3,866,107) (25,652,691) - - (3,866,107) (25,652,691)
Profit/(Loss) for the Year 3,792,144 (20,962,048) 189,759,619 97,218,419 - - 193,551,762 76,256,371
Actuarial Gains/(Losses) on Defined Benefit Plans - - - -
Income Tax Effect - - - - - -
Total Comprehensive Income/(Loss) for the Year Net of Tax 3,792,144 (20,962,048) 189,759,619 97,218,419 - - 193,551,762 76,256,371
Assets & Liabilities
Total Non-Current Assets 3,844,625,880 3,856,919,348 4,890,520,496 4,984,669,642 (3,413,978,570) (3,293,210,634) 5,321,167,806 5,548,378,357
Total Current Assets 75,294,768 41,426,222 1,795,643,672 2,076,199,748 (1,328,869,309) (1,583,694,030) 542,069,131 533,931,940
Total Assets 3,919,920,648 3,898,345,570 6,686,164,168 7,060,869,390 (4,742,847,879) (4,876,904,664) 5,863,236,937 6,082,310,297
Total Non-Current Liabilities 210,686,499 271,443,516 1,948,957,735 2,365,253,320 - 60,051,122 2,159,644,234 2,696,747,958
Total Current Liabilities 221,717,128 140,394,710 1,671,712,232 2,091,270,408 (1,328,869,309) (1,631,454,694) 564,560,051 600,210,424
Total Liabilities 432,403,627 411,838,226 3,620,669,967 4,456,523,728 (1,328,869,309) (1,571,403,572) 2,724,204,285 3,296,958,382
Hydro Power Solar Power Eliminations/Adjustments Group
12
LAUGFS POWER PLC
NOTES TO THE FINANCIAL STATEMENTS
1 Corporate Information
2 Basis of Preparation
3 Contingencies, capital and other commitments
4 Events occurring after the reporting date
There have been no material events occurring after the reporting date that require adjustments to or disclosure in the financial statements.
The interim financial statements have been prepared on a historical cost basis, except for "investment in subsidiaries", which have been measured at fair
value.
There has been no significant change in the nature of the contingencies and other commitments.
LAUGFS Power PLC is a limited liability company incorporated and domiciled in Sri Lanka.
The interim financial statements of the group and company for the Quarter ended 30th September 2021 were authorised for issue by the board of directors
on 12th November 2021.
These interim financial statements have been prepared in accordance with Sri Lanka Accounting Standard LKAS 34 - "Interim Financial Reporting". They
should be read in conjunction with the Annual Report for the year ended 31 March 2020.
The presentation and classification of the financial statements of the previous year have been amended, where relevant, for better presentation and to be
comparable with those of the current period.
13
LAUGFS POWER PLC
NOTES TO THE FINANCIAL STATEMENTSFor the Quarter ended 30th September 2021
5. Share Information
5.1. Public share holdings
5.2 Directors Share holdings
The number of shares held by the Board of directors are as follows,
Ordinary Voting Shares
As at 30-09-2021 %
Name of Directors
Mr W K H Wegapitiya 1,411,536 0.421
Mr U K Thilak De Silva 1,077,897 0.322
Mr. N M Prakash 17,000 0.005
Mr. P.M.B Fernando 100 0.000
Mr.P. Kudabalage Nil Nil
Ordinary Non Voting Shares
As at 30-09-2021 %
Name of Directors
Mr W K H Wegapitiya Nil Nil
Mr U K Thilak De Silva Nil Nil
Mr. N M Prakash Nil Nil
Mr. P.M.B Fernando Nil Nil
Mr. P. Kudabalage Nil Nil
The percentage of ordinary voting shares held by the public as at 30th September 2021 were 25.23%.
Total number of shareholders who hold the public holding as at 30th September 2021 were 8,441
The float adjusted market capitalisation as at 30th September 2021 is Rs. 785,972,787.90 and company is in compliance with option 5 of Section
7.13.1(a) of the Listing Rules of the Colombo Stock Exchange.
14
LAUGFS POWER PLC
NOTES TO THE FINANCIAL STATEMENTS
5.3 Twenty Largest Shareholders of the company are as follows
Ordinary Voting Shares
Name of Shareholder No.of Shares %
1 LAUGFS HOLDINGS LIMITED 247,980,050 74.02%
2 EMPLOYEE'S PROVIDENT FUND 57,897,800 17.28%
3 HATTON NATIONAL BANK PLC/CARLINES HOLDINGS (PVT) LTD 5,112,733 1.53%
4 HATTON NATIONAL BANK PLC/ALMAS ORGANISATION(PVT) LTD 2,542,023 0.76%
5 AMANA BANK PLC/ALMAS ORGANISATION (PVT) LTD 1,526,604 0.46%
6 MR W.K.H. WEGAPITIYA 1,411,536 0.42%
7 MR U.T.N. DE SILVA 1,077,897 0.32%
8 PEOPLE'S LEASING & FINANCE PLC/MR.D.M.P.DISANAYAKE 948,301 0.28%
9 PEOPLE'S LEASING & FINANCE PLC/L.P.HAPANGAMA 859,132 0.26%
10 MR G.Y.N. MAHINKANDA 814,575 0.24%
11 MR H.D.M.P. SIRIWARDENA 625,058 0.19%
12 HATTON NATIONAL BANK PLC/SASHIMAAL RUHASH FERNANDO 344,264 0.10%
13 PEOPLE'S LEASING & FINANCE PLC/DR.H.S.D.SOYSA & MRS.G.SOYSA 330,638 0.10%
14 MR N.M.N. NARASINGHE 250,000 0.07%
15 PEOPLE'S LEASING & FINANCE PLC/L.H.L.M.P.HARADASA 236,862 0.07%
16 MERCHANT BANK OF SRI LANKA & FINANCE PLC/K.L.K.M. INDIKA 215,000 0.06%
17 EMPLOYEES TRUST FUND BOARD 205,304 0.06%
18 MRS M.K.D.C. EDIRISINGHE & MR J.M. EDIRISINGHE 200,100 0.06%
19 PEOPLE'S LEASING & FINANCE PLC/MR.S. GOBINATH 200,000 0.06%
20 MR C.S. KARIYAWASAN 200,000 0.06%
322,977,877 96.41%
OTHERS 12,022,209 3.59%
TOTAL 335,000,086 100.00%
5.4 Stated Capital
Stated Capital is represented by number of shares in issue as given below.
As at 30-12-2019
Ordinary voting shares 335,000,086
Ordinary non voting shares 52,000,000
387,000,086
30-09-2021
15
LAUGFS POWER PLC
NOTES TO THE FINANCIAL STATEMENTS
5.4 Twenty Largest Shareholders of the company are as follows
Ordinary Non Voting Shares
Name of Shareholder No.of Shares %
1 EMPLOYEE'S PROVIDENT FUND 18,041,300 34.69%
2 HATTON NATIONAL BANK PLC/CARLINES HOLDINGS (PVT) LTD 7,753,412 14.91%
3 HATTON NATIONAL BANK PLC/ALMAS ORGANISATION (PVT) LTD 5,400,855 10.39%
4 PEOPLE'S LEASING & FINANCE PLC/L.P.HAPANGAMA 1,984,060 3.82%
5 BANK OF CEYLON NO. 1 ACCOUNT 1,297,831 2.50%
6 HATTON NATIONAL BANK PLC/SASHIMAAL RUHASH FERNANDO 1,068,000 2.05%
7 MR A.M. WEERASINGHE 813,471 1.56%
8 AMANA BANK PLC/ALMAS ORGANISATION (PVT) LTD 589,937 1.13%
9 MR F. KASSIM 500,000 0.96%
10 PEOPLE'S LEASING & FINANCE PLC/L.H.L.M.P.HARADASA 383,601 0.74%
11 MRS C.N.G. NARAYANA 378,800 0.73%
12 MRS S.D. AMARASINGHE 372,400 0.72%
13 MR A.M.M. RISVI 309,121 0.59%
14 NARATHA VENTURES PRIVATE LIMITED 308,000 0.59%
15 MR D.C.T. WIJEMANNE 300,310 0.58%
16 PEOPLE'S LEASING & FINANCE PLC/DR.H.S.D.SOYSA & MRS.G.SOYSA 260,000 0.50%
17 MR L.H.L.M.P. HARADASA 259,058 0.50%
18 MR A.B. TENNAKOON 199,000 0.38%
19 MR K.M.S.M. RAZEEK & MR K.M.S.M. RAJABUDEEN & MR K.S.M.R. MOHAMED 198,100 0.38%
20 AMANA BANK PLC/MR. ABDUL MAJEED MOHAMMADU RISVI 195,997 0.38%
40,613,253 78.10%
OTHERS 11,386,747 21.90%
TOTAL 52,000,000 100.00%
5.5 Stated Capital
Stated Capital is represented by number of shares in issue as given below.
As at 30-09-2021
Ordinary voting shares 335,000,086
Ordinary non voting shares 52,000,000
387,000,086
5.6 Market price per share
For the three months ended
Rs. Rs. Rs. Rs.
Voting Share Non Voting Voting Share Non Voting
Share Share Share Share
Highest 9.80 8.50 7.80 6.30
Lowest 7.80 6.70 3.50 2.70
Last Traded 9.30 8.00 6.90 5.60
6. Contingencies, capital and other commitments
7. Events occurring after the reporting date
There have been no material events occurring after the reporting date that require adjustments to or disclosure in the financial statements.
30-09-2021
There has been no significant change in the nature of the contingencies and other commitments, which were disclosed in the annual report for the year ended 31
March 2021.
30-09-202030-09-2021
16
Name of the company : LAUGFS Power PLC
Company No : PB 1595 PQ
Legal Form : A Limited Liability company listed in the Colombo Stock Exchange
Subsidiaries : Anorchi Lanka (Pvt) Ltd
Ginigathhena Thiniyagala Mini Hydro Power (Pvt) Ltd
Iris Eco Power Lanka (Pvt) Ltd
Pams Power (Pvt) Ltd
Parent Enterprise :
Board Of Directors : Mr.W.K.H.Wegapitiya (Chairman)
Mr.U.K.Thilak De Silva (Deputy Chairman- w.e.f. 24.05.2020)
Mr. Piyadasa Kudabalage (Group Managing Director/GCEO- w.e.f. 25.05.2020)
Mr. P.M.B Fernando
Mr. Murali Prakash
Bankers : Commercial Bank of Ceylon PLC.
DFCC Bank PLC.
Hatton National Bank PLC.
Sampath Bank PLC.
Standard Chartered Bank.
Auditors : Ernst & Young.
(Chartered Accountants)
# 201, De Saram Place,
Colombo 10,
Sri Lanka.
Secretaries : P W Corporate Secretarial (Pvt) Ltd.
# 3/17, Kinsey Road, Colombo 08,
Sri Lanka.
Registrars : P W Corporate Secretarial (Pvt) Ltd.
# 3/17, Kinsey Road, Colombo 08,
Sri Lanka.
Registered Office : # 101, Maya Avenue,
Colombo 06,Sri Lanka.
Corporate Website : www.laugfs.lk
Corporate Information
The Company's holding Company and controlling entity is
LAUGFS Holdings Limited, which is incorporated in Sri Lanka.
17