Annual Report 2010-2011 - Colombo Stock Exchange

Ten Year Summary
Net Turnover
Rs. mn.
30,000
25,000
20,000
15,000
10,000
5,000
0
07/08
08/09
09/10
10/11
2010/2011 2009/2010 2008/2009
Rs. ‘000 Rs. ‘000 Rs. ‘000
TRADING RESULTS
Net turnover 27,241,577 22,339,288 21,103,176
Profit from operations 3,450,366 1,969,697 1,378,556
Loss on disposal of investment
Finance cost (794,617) (969,147) (1,436,225)
Profit from operations after finance cost 2,655,749 1,000,550 (57,669)
Income from associates before tax 113,008 59,609 41,015
Profit/(loss) before tax from continuing operations 2,793,757 1,060,159 (16,654)
Income tax expense (616,566) (330,592) (180,411)
Profit/(loss) for the year from continuing operations 2,152,191 729,567 (197,065)
Loss after tax from discontinued operations (11,609) (17,873) (107,963)
Profit/(loss) for the year 2,140,582 711,694 (305,028)
Minority interest 459,898 131,490 24,055
Profit/(loss) attributable to equity holders of parent 1,680,684 580,204 (329,083)
Gross dividend 515,946 - -
Profit from operations
Rs. mn.
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0
Total Assets
07/08
08/09
09/10
10/11
BALANCE SHEET
Assets
Property, plant and equipment 10,607,259 10,142,761 10,167,170
Intangible assets 497,279 480,177 491,491
Investments in associates and other investments 480,186 180,919 136,757
Current assets 9,054,733 6,560,960 6,128,679
20,639,457 17,364,817 16,924,097
Equity and liabilities
Stated Capital 1,627,612 1,578,475 1,578,475
Capital and revenue reserves 3,348,003 2,183,265 1,603,061
Foreign currency translation 27,314 31,152 32,371
Preliminary and pre-operating expenses - - -
Minority interest 1,860,693 1,503,071 1,380,908
Term loans payable after one year 1,998,291 1,957,680 2,354,617
Deferred income and Deferred tax 595,352 553,879 499,951
Provisions and other liabilities 1,662,131 1,529,685 1,103,222
Net liability to the lessor payable after one year 650,980 672,158 697,432
Current liabilities 8,869,081 7,355,452 7,674,060
20,639,457 17,364,817 16,924,097
Rs. mn.
25,000
20,000
15,000
10,000
5,000
0
07/08
08/09
09/10
10/11
RATIOS & OTHER INFORMATION
Earnings per share (Rs) 0.87 0.30 (2.57)
Market value per share (Rs) 13.60 3.67 25.00
Price earnings ratio (No. of Times) 15.63 12.23 -
Net assets per share (Rs) 2.58 1.97 25.06
Return on equity (%) 38.22 16.56 (9.76)
Dividend per share (Rs) 0.30 1 -
Dividend cover (No. of Times) 2.90 4.52 -
Interest cover (No. of Times) 4.34 2.03 0.96
Current ratio (No. of Times) 1.02 0.89 0.80
Gearing ratio (%) 38.62 49.69 59.80
Richard Pieris and Company PLC | Annual Report 2010/2011 104