Elpitiya Plantations Plc Annual Report 2010/11 - Colombo Stock ...

Ten Year Summary
Year ended 31 st March 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Rs.’ 000 Rs.’ 000 Rs.’ 000 Rs.’ 000 Rs.’ 000 Rs.’ 000 Rs.’ 000 Rs.’ 000 Rs.’ 000 Rs.’ 000
TRADING RESULTS
Revenue 2,601,501 2,215,126 1,556,182 1,883,109 1,281,922 1,046,338 1,214,280 1,022,891 1,103,657 999,283
Other Income 99,056 81,098 53,795 44,757 35,718 30,681 31,101 78,264 41,268 67,229
Gross Profit 594,432 241,211 89,528 362,925 199,722 93,149 163,512 70,719 113,773 110,087
Finance Cost (144,584) (144,075) (114,548) (120,717) (107,420) (80,009) (56,360) (55,536) (57,034) (68,701)
Profit / (Loss) Before Tax 384,233 63,817 (61,705) 166,317 11,286 (29,284) 52,534 31,128 30,178 40,167
Income Tax (Expense) / Income (20,729) - - 3,919 (3,391) (8,327) - - - -
Profit / ( Loss) After Tax 363,504 63,817 (61,705) 170,237 7,895 (37,610) 52,534 31,128 30,178 40,167
BALANCE SHEET
Funds Employed
Stated Capital 694236 694,236 350,000 350,000 - - - - - -
Share Capital - - - - 249,587 249,587 249,587 249,587 249,587 200,000
Share Premium - - - - 100,413 100,413 100,413 100,413 100,413 -
Revenue Reserves 669,048 323,761 259,944 321,649 151,412 (25,501) 12,110 (40,424) (71,552) (101,730)
Negative Goodwill - - - - - 169,017 183,102 197,187 211,271 225,356
Total Equity 1,363,284 1,017,997 609,944 671,649 501,412 493,517 545,212 506,763 489,719 323,626
Convertible Debentures - - - - - - - - - 150,000
Redeemable Debentures 75,000 75,000 75,000 75,000 - - - - - 20,000
Deferred Income 206,712 186,517 149,176 138,306 116,943 93,758 91,661 87,205 77,741 60,954
Retirement Benefit Obligations 464,155 448,410 326,728 305,449 264,845 230,658 243,149 240,858 231,722 217,313
Net Liability to Lessor 187,413 190,104 192,692 195,180 197,570 199,872 202,084 204,211 206,256 208,624
Interest Bearing Borrowings 681,279 878,672 415,789 394,491 254,478 326,363 368,747 383,173 367,509 368,673
Non-Current Liabilities 1,614,559 1,778,703 1,159,384 1,108,426 833,836 850,651 905,641 915,447 883,227 875,564
2,977,843 2,796,700 1,769,328 1,780,074 1,335,248 1,344,168 1,450,853 1,422,210 1,372,947 1,349,190
Assets Employed
Non-Current Assets 3,086,299 2,910,616 2,699,843 2,485,862 2,318,057 2,231,841 2,120,496 1,951,754 1,806,591 1,675,196
Current Assets 580,485 774,102 271,273 416,094 314,884 219,897 233,766 224,927 226,801 194,092
Current Liabilities (613,941) (888,019) (1,201,788) (1,121,882) (1,297,693) (1,107,571) (903,410) (754,471) (660,445) (520,098)
2,977,843 2,796,700 1,769,328 1,780,074 1,335,248 1,344,168 1,450,853 1,422,210 1,372,947 1,349,190
Key Indicators
EPS (basic) (Rs.) 4.99 1.23 (1.24) 3.41 0.16 (0.75) 1.05 0.62 0.64 1.00
Dividend Per Share(Rs.) 0.36 0.25 - - - - - - - -
Net Assets Per Share (Rs.) 18.71 13.97 12.22 13.46 10.04 9.89 10.92 10.15 9.81 8.09
Market Price Per Share (Rs.) 33.50 34.00 39.00 80.50 34.50 30.00 9.75 12.00 10.00 *
Price Earnings Ratio 7 28 (32) 24 218 (40) 9 19 16 *
Current Ratio 0.95 0.87 0.23 0.37 0.24 0.20 0.26 0.30 0.34 0.37
Equity to Total Assets 37.18 27.63 20.53 23.14 19.04 20.13 23.16 23.28 24.08 17.31
Return on Shareholder’s Funds % 26.66 6.27 (10.12) 25.35 1.57 (7.62) 9.64 6.14 6.16 12.41
* Shares had not been traded during this period.
** The figures for the previous years have been re-stated taking into consideration the sub division of shares.
Elpitiya Plantations Plc Annual Report 2010/11
55