Beruflich Dokumente
Kultur Dokumente
Group
2010
2009
Rs.'000
Rs.'000
Unaudited
Unaudited
(Restated)
Company
2010
2009
Rs.'000
Rs.'000
Unaudited
Unaudited
2,827,301
(1,247,744)
29,680
2,183,684
(2,220,864)
1,572,057
2,644,336
(1,400,784)
28,017
2,032,545
(2,368,646)
935,468
2,855,230
(1,253,145)
29,680
243,461
(782,672)
1,092,554
2,668,751
(1,353,961)
28,017
230,575
(723,699)
849,683
93,714
(9,163,887)
7,061,272
355,957
(1,215,292)
(5,316,808)
5,958,647
145,426
93,714
(9,163,887)
7,076,438
305,848
(1,215,292)
(5,559,808)
6,019,725
132,938
713,205
632,318
(436,138)
196,180
3,001,320
3,508,761
(396,652)
3,112,109
718,760
123,427
(350,831)
(227,404)
3,001,320
3,228,566
(352,178)
2,876,388
31,640
230
(148,836)
(294,850)
218,738
(193,078)
23,730
8,013
(269,000)
(122,606)
69,237
(290,626)
74,537
228
(148,836)
(280,485)
218,388
(136,168)
53,307
3,374
(269,000)
(111,557)
69,037
(254,839)
21,578
(417,191)
(94,243)
(44,509)
(534,365)
547,553
(3,573,062)
(73,891)
(31,874)
(3,131,274)
21,578
(237,283)
(94,243)
(309,948)
498,553
(3,292,693)
(73,891)
(2,868,031)
(531,263)
1,982,106
1,450,843
(309,791)
1,597,575
1,287,784
(673,520)
2,031,512
1,357,992
(246,482)
1,472,456
1,225,974
399,040
1,617,600
90,000
(655,797)
1,450,843
331,915
210,000
1,250,508
(504,639)
1,287,784
299,706
1,617,600
90,000
(649,314)
1,357,992
254,551
210,000
1,250,508
(489,085)
1,225,974
The interim financial statements for the six months ended 30th September are provisional and subject to audit.
The annexed notes form an integral part of these interim financial statements.
Group
FOR THE SIX MONTHS ENDED 30TH
SEPTEMBER
Income
Interest income
Interest expenses
Net interest income
Operating income
Other income
2010
Rs.'000
Unaudited
3,972,844
========
3,044,748
(1,205,150)
------------1,839,598
736,324
191,772
------------2,767,694
-------------
Company
2009
Rs.'000
Unaudited
(Restated)
3,753,664
========
2,796,660
(1,590,683)
------------1,205,977
797,021
159,983
------------2,162,981
-------------
Variance
%
5.84
8.87
(24.24)
52.54
(7.62)
19.87
27.96
474,249
402,223
609,894
62,671
173,560
------------1,320,374
-------------
564,648
31,305
212,609
------------1,210,785
-------------
8.01
100.19
(18.37)
1,447,320
150,440
-------------
952,196
178,688
-------------
1,296,880
154,087
------------1,450,967
(141,667)
------------1,309,300
(547,512)
------------761,788
========
725,408
36,380
========
761,788
========
35.73
========
3,707,047
========
3,071,064
(1,213,927)
------------1,857,137
398,263
237,720
------------2,493,120
-------------
2009
Rs.'000
Unaudited
(Restated)
3,460,144
========
2,819,721
(1,603,699)
------------1,216,022
453,183
187,240
------------1,856,445
-------------
Variance
%
7.14
8.91
(24.30)
52.72
(12.12)
26.96
34.30
364,071
308,571
17.99
563,889
58,697
125,856
------------1,112,513
-------------
511,030
28,442
114,475
------------962,518
-------------
10.34
106.37
9.94
52.00
(15.81)
1,380,607
149,912
-------------
893,927
177,209
-------------
54.44
(15.40)
773,508
99,279
-------------
67.66
55.21
1,230,695
-------------
716,718
-------------
71.71
872,787
66.25
1,230,695
716,718
71.71
73.04
(141,667)
------------1,089,028
(473,668)
------------615,360
========
615,360
========
615,360
========
30.31
========
(81,869)
------------790,918
(314,068)
------------476,850
========
432,379
44,471
========
476,850
========
21.30
========
17.91
2010
Rs.'000
Unaudited
9.05
65.54
74.33
59.75
67.77
(18.19)
59.75
(81,869)
------------634,849
(243,280)
------------391,569
========
391,569
========
391,569
========
19.29
========
The interim financial statements for the six months ended 30th September are provisional and subject to audit.
Figures in brackets indicate deductions.
The annexed notes form an integral part of these interim financial statements.
15.58
73.04
71.54
94.70
57.15
57.15
57.15
Group
As at
30/09/2010
Rs.'000
Unaudited
ASSETS
Cash in hand and at banks
Investments in Government securities
Deposits with banks
Dealing securities
Investment securities
Net investment in leases
Corporate debt securities
Loans and advances
Trade and other receivables
Taxation
Investments in real estate
Vehicles, spare parts and other stocks
Inventories
Investments in associates
Investments in subsidiaries
Other assets
Deferred tax asset
Intangible assets
Property, plant and equipment
Total assets
LIABILITIES
Bank overdrafts
Deposits
Bank loans
Non bank loans
Tax payable
Trade and other payables
Amounts due to subsidiaries
Debentures
Retirement benefit obligations
Deferred tax liability
Total liabilities
SHAREHOLDERS' FUNDS
Stated capital
Capital reserves
Reserve fund
Revenue reserves
Funds attributable to equity holders of the parent
Minority interest
As at
31/03/2010
Rs.'000
Audited
As at
30/09/2009
Rs.'000
Unaudited
(Restated)
As at
30/09/2010
Rs.'000
Unaudited
As at
31/03/2010
Rs.'000
Audited
As at
30/09/2009
Rs.'000
Unaudited
(Restated)
399,040
2,875,006
95,000
4,100
270,012
12,288,611
334,736
11,799,528
1,486,068
2,459
803,977
472,946
214,457
1,703,657
9,598
1,732
49,275
4,498,873
------------37,309,075
========
309,866
2,787,000
630,500
2,200
121,176
11,334,823
402,813
10,398,580
1,249,818
988,430
769,944
202,120
1,584,724
10,937
2,309
48,992
4,633,049
------------35,477,281
========
331,915
1,000,000
2,052,308
17,730
110,268
11,021,500
9,494,453
1,374,442
69,133
1,180,502
955,411
151,023
1,297,748
12,276
2,851
19,877
4,857,083
------------33,948,520
========
299,706
2,875,006
95,000
4,100
260,400
12,288,611
334,736
12,698,802
1,092,074
213,707
481,076
482,054
296,204
9,598
48,765
3,655,535
------------35,135,374
========
275,283
2,787,000
630,500
2,200
111,564
11,334,823
402,813
11,312,264
856,237
211,255
781,784
482,054
296,204
10,937
48,504
3,791,179
------------33,334,601
========
254,551
1,000,000
2,052,308
17,730
102,628
11,021,500
10,257,679
986,583
69,133
225,421
970,111
372,100
304,484
12,276
19,361
4,014,185
------------31,680,050
========
655,797
17,720,199
229,833
776,413
492,545
5,244,558
150,000
401,658
1,305,007
------------26,976,010
========
357,760
17,233,458
445,908
952,987
279,063
4,669,124
150,000
340,951
1,414,570
------------25,843,821
========
504,639
16,044,047
749,875
1,192,740
17,883
4,312,297
150,000
327,869
1,641,942
------------24,941,292
========
649,314
17,837,002
145,833
761,413
467,685
4,942,039
120,082
150,000
349,317
1,218,030
------------26,640,715
========
273,771
17,397,134
187,500
932,487
226,654
4,453,795
199,148
150,000
290,620
1,326,518
------------25,437,627
========
489,085
16,198,531
379,467
1,172,240
4,016,737
75,025
150,000
284,015
1,544,496
------------24,309,596
========
203,020
1,374,757
601,000
7,655,910
------------9,834,687
498,378
------------10,333,065
========
203,020
1,377,177
601,000
6,945,757
------------9,126,954
506,506
------------9,633,460
========
203,020
1,380,244
553,500
6,398,413
------------8,535,177
472,051
------------9,007,228
========
203,020
972,870
601,000
6,717,769
------------8,494,659
------------8,494,659
========
203,020
974,847
601,000
6,118,107
------------7,896,974
------------7,896,974
========
203,020
976,824
553,500
5,637,110
------------7,370,454
------------7,370,454
========
37,309,075
========
484.47
========
35,477,281
========
449.60
========
33,948,520
========
420.45
========
35,135,374
========
418.46
========
33,334,601
========
389.01
========
31,680,050
========
363.08
========
The interim financial statements for the six months ended 30th September are provisional and subject to audit.
I certify that the interim financial statements comply with the requirements of the Companies Act No.07 of 2007.
U.B.Elangasinha
Chief Financial Officer
The Board of Directors is responsible for the preparation and presentation of these interim financial statements.
Approved and signed for and on behalf of the Board.
E.H. Wijenaike
Managing Director
08th November 2010
The annexed notes form an integral part of these interim financial statements.
G.S.N.Peiris
Director(Finance)
Stated
Capital
Rs.'000
----------203,020
Revaluation
Reserves
Rs.'000
----------1,363,799
Other
Capital
Reserves
Rs.'000
----------18,865
Reserve
Fund
General
Reserve
Rs.'000
----------553,500
Rs.'000
----------5,338,516
------------18,865
========
18,865
------------553,500
========
601,000
------------5,338,516
========
6,124,070
(2,420)
------------203,020
========
203,020
------------1,361,379
========
1,358,312
(2,420)
------------203,020
========
------------1,355,892
========
Retained
Earnings
Minority
Interest
Rs.'000
Rs.'000
--------------------714,790
459,453
432,379
44,471
3,742
(17,309)
2,420
(76,125)
(31,873)
------------------------1,059,897
472,051
======== ========
821,687
506,506
725,408
36,380
78,750
2,420
(96,425)
(44,508)
------------------------1,531,840
498,378
======== ========
------------18,865
========
------------601,000
========
------------6,124,070
========
Stated
Revaluation
Capital
Reserve
Rs.'000
Rs.'000
--------------------203,020
978,801
Reserve
Fund
Rs.'000
----------553,500
General
Reserve
Rs.'000
----------5,327,335
Retained
Earnings
Rs.'000
----------5,921
------------5,327,335
========
6,112,889
391,569
3,742
(17,309)
1,977
(76,125)
------------309,775
========
5,218
Total
Rs.'000
----------8,651,943
476,850
3,742
(17,309)
(107,998)
------------9,007,228
========
9,633,460
761,788
78,750
(140,933)
------------10,333,065
========
(1,977)
------------203,020
========
203,020
------------976,824
========
974,847
------------553,500
========
601,000
(1,977)
------------203,020
========
------------972,870
========
------------601,000
========
The interim financial statements for the six months ended 30th September are provisional and subject to audit.
Figures in brackets indicate deductions.
The annexed notes form an integral part of these interim financial statements.
------------6,112,889
========
615,360
78,750
1,977
(96,425)
------------604,880
========
Total
Rs.'000
----------7,068,577
391,569
3,742
(17,309)
(76,125)
------------7,370,454
========
7,896,974
615,360
78,750
(96,425)
------------8,494,659
========
2010
2009
Vehicle Hire
2010
2010
Power generation
Manufacturing
2010
Insurance broking
2009
2010
2009
Investments in
Shares and Units
Investments in Financial
Instruments in excess of
statutory requirements
2010
Intra segmental
adjustments
Real estate
2009
2010
2009
2010
2009
2009
2010
2,974,515
161,227
2,620,219
98,178
2,441
398,229
10,642
2,263
453,149
12,361
170
25,360
197
105
21,338
308
84,903
-
76,221
-
312
167,409
1,475
1,025
181,486
2,162
60,423
15,024
64,827
10,975
92,114
87,967
63,819
-
173,035
-
3,491
24,232
3,135,742
28,639
3,164,381
2,718,397
24,204
2,742,601
411,312
4,619
415,931
467,773
5,063
472,836
25,727
6,565
32,292
21,751
6,488
28,239
84,903
3,821
88,724
76,221
4,982
81,203
169,196
14
169,210
184,673
2,238
186,911
75,447
75,447
75,802
75,802
92,114
1,796
93,910
87,967
1,430
89,397
63,819
63,819
173,035
1,042,058
1,268,084
73,340
119,882
35,206
37,768
44,851
1,028,649
2,070,707
23,604
2,094,311
1,070,070
871,685
2,139,769
15,852
2,155,621
586,980
199,442
272,782
272,782
143,149
261,519
381,401
381,401
91,435
19,756
19,756
3,086
22,842
9,450
17,854
17,854
2,333
20,187
8,052
15,349
15,349
15,349
73,375
16,713
16,713
16,713
64,490
116,301
116,301
8
116,309
52,901
104,353
104,353
105
104,458
82,453
46,220
46,220
13,472
59,692
15,755
46,164
46,164
12,862
59,026
16,776
416
35,622
11,754
47,376
46,534
3,401
41,169
9,664
50,833
38,564
44,851
44,851
18,968
Interest expenses of the group other than the parent company are categorized under other expenses.
Figures for six months ended 2009 have been restated.
2009
Medical services
2009
2010
2009
2010
2009
24,911
(113,139)
(76,879)
3,044,748
736,324
191,772
2,796,660
797,021
159,983
27,723
13,163
40,886
24,924
15,731
40,655
(113,139)
(58,617)
(171,756)
(76,879)
(60,136)
(137,015)
3,972,844
3,972,844
3,753,664
152,705
9,695
12,244
1,205,150
1,590,683
152,705
152,705
20,330
44,681
54,376
6,693
61,069
(20,183)
67,784
80,028
19,320
99,348
(58,693)
1,470,814
2,675,964
1,389,473
2,980,156
2,675,964
1,296,880
154,087
1,450,967
(141,667)
1,309,300
(547,512)
761,788
36,380
725,408
2,980,156
773,508
99,279
872,787
(81,869)
790,918
(314,068)
476,850
44,471
432,379
173,035
13
Total
(58,617)
(58,617)
(113,139)
(60,136)
(60,136)
(76,879)
3,753,664
30.09.2010
20,300,000
30.09.2009
20,300,000
2010
Rs.
950.00
420.00
899.90
2009
Rs.
309.75
148.00
300.00
As at
30.09.2010
3,078,540
302,446
164,833
162,332
140,000
111,666
35,000
Nil
Nil
Nil
As at
30.09.2009
3,053,540
277,446
149,833
142,332
115,000
86,666
35,000
Nil
Nil
Nil
As at 30.09.2010
Number of
%
shares
4,544,038
22.38
3,078,540
15.17
1,672,833
8.24
633,166
3.12
517,766
2.55
418,520
2.06
302,446
1.49
251,680
1.24
237,480
1.17
236,316
1.16
199,851
0.98
196,680
0.97
164,833
0.81
162,332
0.80
145,025
0.71
143,133
0.71
140,000
0.69
111,666
0.55
101,300
0.50
100,000
0.49
*As at 30.09.2009
Number of
%
shares
4,725,411
23.28
3,053,540
15.04
2,436,033
12.00
633,166
3.12
670,466
3.30
418,520
2.06
277,446
1.37
251,480
1.24
237,480
1.17
236,316
1.16
182,000
0.90
196,680
0.97
149,833
0.74
142,332
0.70
145,025
0.71
143,133
0.71
115,000
0.57
86,666
0.43
104,000
0.51
*Comparative shareholdings as at 30th September 2009 is reflected of the twenty largest shareholders as at reporting date.
7 The percentage of shares held by the public as at 30th September 2010 was 54.39% (30th September 2009 - 42.20%).
8 Contingent liabilities
Company
As at
30.09.2010
Rs.000
As at
31.03.2010
Rs.000
As at
30.09.2009
Rs.000
As at
31.03.2009
Rs.000
1,000
27,840
69,453
94,000
192,293
9,500
12,465
200,000
221,965
10,000
13,855
200,000
223,855
10,000
21,890
200,000
231,890
As at
30.09.2010
Rs.000
907,619
55,289
962,908
(118,900)
844,008
116,799
94,254
211,053
As at
As at
As at
31.03.2010
Rs.000
31.03.2009
Rs.000
922,785
54,049
976,834
(105,000)
871,834
30.09.2009
Rs.000
761,944
60,166
822,110
822,110
163,675
199,147
362,822
153,944
75,025
228,969
111,927
39,988
151,915
580,814
373,363
954,177
954,177
Six months
ended
Six months
ended
30.09.2010
Rs.000
26,811
1,827
30.09.2009
Rs.000
24,204
1,827
12,145
8,776
2,502
12,104
13,017
2,835
13,900
10 A second interim dividend of Rs.1.25 per share and a third and final divided of Rs.3.50 per share for the financial year ended 31st March 2010 was paid
on 11th June 2010 and 01st September 2010 respectively.A first interim dividend of Rs.2.50 per share for the financial year ending 31st March 2011 has
been declared for payment on 18th November 2010.
11 Interest expenses of the group other than the parent company are categorized under other expenses.
12 According to the best of the knowledge and belief of the Directors there have been no other events subsequent to this interim period, which require
adjustments to or disclosure in the Interim Financial Statements at the time of the issue of these financial statements to the shareholders.
CORPORATE INFORMATION
NAME OF COMPANY
Central Finance Company PLC
LEGAL FORM
A Quoted Public Company with limited liability incorporated in Sri Lanka
on 5th December 1957 and re--registered under the Companies Act No.07
of 2007 on 9th August 2007.
Registered under Finance Companies Act No.78 of 1988 and Finance Leasing
Act No.56 of 2000
Approved Credit Agency under:
* Mortgage Act No.6 of 1949
* Trust Receipt Ordinance No.12 of 1947
C.Wijenaike
DIRECTORS
S.V. Wanigasekera
E.H. Wijenaike
G.S.N. Peiris
C. Kiriella
M.S. Wijenaike
U.L. Kadurugamuwa
G.C.B. Wijeyesinghe
R.E. Rambukwelle
A.K. Gunaratne
T.K.Bandaranayake
AUDITORS
SJMS Associates,
Chartered Accountants,
2, Castle Lane,
Colombo 04.
-President
-Chairman
- Managing Director
- Director (Finance)
- Director (Legal)
LEGAL ADVISERS
F.J. & G. De Saram,
Attorneys-at-Law,
P.O.Box 212,
Colombo.
: 011 - 2300555
: 011- 2300441
: cenfin@cf.lk
: www.cf.lk
BANKERS
Bank of Ceylon
Citi Bank N.A.
Commercial Bank of Ceylon PLC
ICICI Bank Ltd.
Hatton National Bank PLC
Hongkong & Shanghai Banking Corporation Limited
NDB Bank PLC
Nations Trust Bank PLC
Peoples Bank
Sampath Bank PLC
Seylan Bank PLC
Standard Chartered Bank
COMPANY SECRETARIES
Corporate Services Limited,
216,De Saram Place,
Colombo10.
Telephone : 011 - 4605100
Facsimile
: 011 - 4718220