Annual Report 2011/2012 - Colombo Stock Exchange
Annual Report 2011/2012 - Colombo Stock Exchange
Annual Report 2011/2012 - Colombo Stock Exchange
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MERCANTILE SHIPPING COMPANY PLC<br />
INCOME STATEMENT<br />
Year ended 31 March <strong>2012</strong><br />
Group<br />
Company<br />
Note<br />
<strong>2012</strong><br />
Rs.<br />
<strong>2011</strong><br />
Rs.<br />
<strong>2012</strong><br />
Rs.<br />
<strong>2011</strong><br />
Rs.<br />
Revenue<br />
15<br />
609,503,093<br />
599,081,726<br />
-<br />
-<br />
Cost of Sales<br />
(507,495,658)<br />
(485,727,701)<br />
-<br />
-<br />
Gross Profit/ (Loss)<br />
102,007,435<br />
113,354,025<br />
-<br />
-<br />
Other Income and Gains<br />
16<br />
19,548,359<br />
5,517,119<br />
24,491,978<br />
15,598,489<br />
Distribution Cost<br />
(660,009)<br />
(419,004)<br />
(621,550)<br />
(308,245)<br />
Administrative Expenses<br />
(52,724,248)<br />
(57,049,652)<br />
(21,838,487)<br />
(30,860,073)<br />
Finance Cost<br />
17.1<br />
(103,870,087)<br />
(91,075,897)<br />
-<br />
-<br />
Finance Income<br />
17.2<br />
2,332,385<br />
1,063,483<br />
2,332,385<br />
1,056,338<br />
Profit/ (Loss) Before Tax<br />
18<br />
(33,366,164)<br />
(28,609,925)<br />
4,364,325<br />
(14,513,491)<br />
Current Year Income Tax (Charge) /Reversal<br />
19<br />
1,149,716<br />
5,257,133<br />
1,149,716<br />
6,477,483<br />
Profit/ (Loss) for the Year<br />
(32,216,448)<br />
(23,352,793)<br />
5,514,042<br />
(8,036,008)<br />
Earnings/ (Loss) Per Share - Basic<br />
21<br />
(11.32)<br />
(8.21)<br />
The Accounting Policies and Notes on pages 19 through 37 form an integral part of the Financial Statements.<br />
16
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