|
Company Name
|
Company Type
|
Location
|
Country
|
Industry
|
Sales
(USD mil)
|
Employees
|
|
Hayleys PLC
|
Parent
|
Colombo
|
Sri Lanka
|
Machinery and Equipment Manufacturing
|
573.4
|
35,373
|
|
Dipped Products
Ltd.
|
Subsidiary
|
Colombo
|
Sri Lanka
|
Medical Equipment and Supplies
|
182.6
|
25,019
|
|
Neoprex
Limited
|
Subsidiary
|
Colombo
|
Sri Lanka
|
Medical Equipment and Supplies
|
|
16,930
|
|
Kelani
Valley Plantations Ltd.
|
Subsidiary
|
Colombo
|
Sri Lanka
|
Food Manufacturing
|
51.1
|
13,622
|
|
Venigros
Limited
|
Subsidiary
|
Colombo
|
Sri Lanka
|
Rubber and Plastic Product Manufacturing
|
|
1,000
|
|
Texnil
Limited
|
Subsidiary
|
Colombo
|
Sri Lanka
|
Rubber and Plastic Product Manufacturing
|
|
1,000
|
|
Icoguanti
S.p.A.
|
Subsidiary
|
Genoa
|
Italy
|
Clothing and Apparel Manufacturing
|
31.6
|
15
|
|
Hayleys
Advantis Ltd
|
Subsidiary
|
Colombo
|
Sri Lanka
|
Commercial and Industrial Rental
|
|
1,100
|
|
Civaro
Lanka (Pvt) Limited.
|
Subsidiary
|
Colombo
|
Sri Lanka
|
Road Transportation Services
|
|
250
|
|
Haycarb
Limited
|
Subsidiary
|
Colombo
|
Sri Lanka
|
Basic Chemical Manufacturing
|
78.4
|
1,039
|
|
Eurocarb
Products Ltd.
|
Subsidiary
|
Bristol
|
United Kingdom
|
Basic Chemical Manufacturing
|
8.0
|
10
|
|
Hayleys
Engineering Ltd
|
Subsidiary
|
Colombo
|
Sri Lanka
|
Architecture and Engineering
|
|
1,000
|
|
Hayleys -
MGT Knitting Mills Ltd.
|
Subsidiary
|
Colombo
|
Sri Lanka
|
Textile Manufacturing
|
44.2
|
917
|
|
Syngenta
Seeds BV
|
Joint Venture
|
Enkhuizen
|
Netherlands
|
Crop and Animal Production
|
381.0
|
800
|
|
Syngenta
Seeds
|
Subsidiary
|
Oosterzele
|
Belgium
|
Grocery Wholesale
|
|
40
|
|
Alutec
Anodising & Machine Tools (Pvt) Ltd.
|
Subsidiary
|
Makola
|
Sri Lanka
|
Metal Products Manufacturing
|
|
400
|
|
Kingsbury
PLC
|
Subsidiary
|
Colombo
|
Sri Lanka
|
Hotels and Accommodation
|
1.6
|
393
|
|
Hayleys Electronics
Ltd.
|
Subsidiary
|
Colombo
|
Sri Lanka
|
Specialty Construction Trade Contractors
|
|
100
|
|
Hayleys
Fibre PLC
|
Subsidiary
|
Colombo
|
Sri Lanka
|
Textile Manufacturing
|
4.6
|
80
|
|
Puritas
(Pvt) Ltd.
|
Subsidiary
|
Colombo
|
Sri Lanka
|
Waste Management
|
|
20
|
|
Hayleys Group
Services Ltd.
|
Subsidiary
|
Colombo
|
Sri Lanka
|
Miscellaneous Chemical Manufacturing
|
|
8
|
|
Millennium
Transportation Pvt Ltd
|
Subsidiary
|
Colombo
|
Sri Lanka
|
Air Transportation Services
|
|
7
|
|
Haycarb
Holdings Australia (Pty) Ltd.
|
Subsidiary
|
Oakleigh, VIC
|
Australia
|
Investment Services
|
2.1
|
6
|
|
Haylex B.V.
|
Subsidiary
|
Tonbridge
|
United Kingdom
|
Miscellaneous Wholesale
|
|
5
|
|
Haymark
Inc.
|
Subsidiary
|
Spring, TX
|
United States
|
Miscellaneous Chemical Manufacturing
|
5.5
|
2
|
|
Hayleys
Agro Products Limited
|
Subsidiary
|
Colombo
|
Sri Lanka
|
Agricultural Chemical Manufacturing
|
|
|
|
Agro
Technica Ltd.
|
Subsidiary
|
Colombo
|
Sri Lanka
|
Agricultural Chemical Manufacturing
|
|
|
|
Hayleys
Agro Farms (Pvt) Ltd.
|
Subsidiary
|
Colombo
|
Sri Lanka
|
Crop and Animal Production
|
|
|
|
Hayleys Agro
Bio-tech (Pvt) Ltd.
|
Subsidiary
|
Colombo
|
Sri Lanka
|
Research and Development Services
|
|
|
|
Hayleys
Agro Fertilizers (Pvt) Ltd.
|
Subsidiary
|
Colombo
|
Sri Lanka
|
Agricultural Chemical Manufacturing
|
|
|
|
Haytech
Marketing Ltd
|
Subsidiary
|
Colombo
|
Sri Lanka
|
Basic Chemical Manufacturing
|
|
|
|
Volanka
Exports Limited
|
Subsidiary
|
Colombo
|
Sri Lanka
|
Textile Manufacturing
|
|
|
|
Hayleys Agriculture
Holdings Limited
|
Subsidiary
|
Colombo
|
Sri Lanka
|
Food Manufacturing
|
|
|
|
Volanka Ltd
|
Subsidiary
|
Kotugoda
|
Sri Lanka
|
Machinery and Equipment Manufacturing
|
|
|
|
Toyo
Cushion Lanka (Pvt) Ltd.
|
Subsidiary
|
Colombo
|
Sri Lanka
|
Textile Manufacturing
|
|
|
|
Infocraft
Ltd.
|
Subsidiary
|
Colombo
|
Sri Lanka
|
Computer System Design Services
|
|
|
|
Volanka
Insurance Services (Pvt) Ltd.
|
Subsidiary
|
Colombo
|
Sri Lanka
|
Insurance Agents
|
|
|
|
Mabroc Teas
(Pvt) Ltd.
|
Subsidiary
|
Rajagirya
|
Sri Lanka
|
Food Manufacturing
|
|
|
|
PT Mapalus Makawanua
Charcoal Industry
|
Subsidiary
|
Sulawesi
|
Indonesia
|
Miscellaneous Chemical Manufacturing
|
|
|
|
Ravi
Industries Ltd.
|
Subsidiary
|
Ja-Ela
|
Sri Lanka
|
Medical Equipment and Supplies
|
|
|
|
Hayleys
Industrial Solutions Limited
|
Subsidiary
|
Colombo
|
Sri Lanka
|
Electricity Generation and Distribution
|
|
|
|
Hayleys
Photoprint Ltd
|
Subsidiary
|
Colombo
|
Sri Lanka
|
Machinery and Equipment Manufacturing
|
|
|
|
Hayleys
Business Solutions International (Pvt) Ltd.
|
Subsidiary
|
Colombo
|
Sri Lanka
|
Miscellaneous Professional Services
|
|
|
|
|
|
|
|
|
|
Abeyakumar Mohan Pandithage
|
|
|
|
Chairman of the Board
|
Chairman
|
|
|
Biography:
|
|
Mr. A. Mohan Pandithage has served as Chairman of the Board of
Haycarb PLC since July 2009. He had been Non-Executive Deputy Chairman of the
Board until that time since January 2007. He joined Hayleys in 1969. He was
appointed Group Executive Director in 1996 and to the Board in January
2007. He was appointed Deputy Chairman in 2007. He was Chief Executive of
Hayleys Advantis since its inception. He is a Fellow of the Chartered
Institute of Logistics & Transport. He is Director, Sri Lanka Port
Management & Consultancy Services. He was former Chairman of the Ceylon
Association of Ships’ Agents. He was former Director of
both the Sri Lanka Ports Authority & Jaya Container Terminals. He is a
Member of the Presidential Committee on Maritime Matters.
|
|
|
|
|
|
|
Independent Non-Executive Director
|
Director/Board Member
|
|
|
|
|
Biography:
|
|
Dr. S. A. K. Abayawardana has been Independent Non-Executive
Director at Haycarb PLC since August 2, 2011. He holds a First Class degree
in Mechanical Engineering from the University of Ceylon, Sri Lanka, a
Postgraduate Diploma in Chemical Engineering from University College
London, United Kingdom, and a PhD in Chemical Engineering from the Imperial
College of Science and Technology, London, United Kingdom. He is a Fellow
of the Institution of Engineers Sri Lanka and the Institution of Chemical
Engineers, London. He was a former Chairman of the Chemical Engineering
Sectional Committee as well as a Council Member of the Insitution of
Engineers. He held various positions at Unilever Sri Lanka including
international postings, finally ending up as the National Technical
Director and a Board Member. He headed Sri Lanka program of the
International Water Management Institute (IWMI) as a Senior International
Researcher, and also acted as the Director of their Global Research
Division. He was a Consultant to the ADB project on Technical Education
Development, executed by the Ministry of Vocational and Technical Training,
and a facilitator in developing of the National Science and Technology
Policy for the National Science and Technology Commission. He currently serves
as Director and CEO of the National Science Foundation of Sri Lanka. He has
also held various governing board positions both in the public and private
sectors.
|
|
Source: Reuters
|
|
Education:
|
|
Imperial College of Science and Technology, PHD (Chemical Engineering)
University of Ceylon (Mechanical Engineering)
University College London (Chemical Engineering)
|
|
|
|
|
|
|
Non-Executive Director
|
Director/Board Member
|
|
|
Biography:
|
|
Mr. Sarath C. Ganegoda has served as a Non-Executive Director of
Haycarb PLC since Novemeber 2009. He is a Fellow of The Institute of
Chartered Accountants of Sri Lanka and Member of the Institute of Certified
Management Accountants of Australia. He holds an MBA from the Postgraduate
Institute of Management, University of Sri Jayawardenapura. He worked for
Hayleys and Diesel & Motor Engineering Company between 1987 and 2002,
ultimately as an Executive Director of the latter.
|
|
|
|
Education:
|
|
University of Sri Jayewardenepura, MBA
|
|
|
|
|
|
Lalit Kirti Bandara Godamunne
|
|
|
|
Independent Non-Executive Director
|
Director/Board Member
|
|
|
|
Biography:
|
|
Mr. Lalit Kirti Bandara Godamunne is an Independent Non-Executive Director
of Haycarb PLC appointed in 2003. He is Director Haycarb & Hayleys
Exports. Currently he serves as Chairman of two other unlisted companies.
He retired as Country Director, United Nations World Food Programme in
1995. He is former Secretary General & Member, Board of Directors,
Mahaweli Authority of Sri Lanka.
|
|
|
|
|
|
Kulappuarachchige Don Dhammika Perera
|
|
|
|
Non-Executive Director
|
Director/Board Member
|
|
|
|
Biography:
|
|
Mr. Kulappuarachchige Don Dhammika Perera has serves as a
Non-Executive Director of Haycarb PLC since November 2009. He is the Past
Chairman/Director General, Board of Investment of Sri Lanka (BOI). He is
also a Member of the Board of Directors of the Strategic Enterprises
Management Agency (SEMA), Sri Lanka Export Development Board (EDB) and
Member of the Petroleum Resources Development Committee. Serves as Chairman
of The Fortress Resorts, Vallibel Power Erathna PLC, Vallibel Finance PLC ,
Vallibel Holdings (Pvt) Ltd. Deputy Chairman of LB Finance PLC, Amaya
Leisure PLC and Royal Ceramics Lanka PLC. Director, Hayleys MGT Knitting
Mills PLC and Hotel Reefcomber.
|
|
|
|
|
|
Wannakawattawaduge Don Nimal Hemasiri Perera
|
|
|
|
Non-Executive Director
|
Director/Board Member
|
|
|
|
Biography:
|
|
Mr. W. D. Nimal H. Perera has been Non-Executive Director of Haycarb
PLC since August 2, 2011. He serves as Managing Director of Royal Ceramics
Lanka PLC and Delmage Forsyth & Company Ltd, Deputy Chairman of Pan
Asia Banking Corporation PLC and Vallibel One Ltd, Finance Director of
Amaya Leisure PLC and Director of LB Finance PLC, The Fortress Resorts PLC,
Sathosa Motors PLC, Vallibel Finance PLC, Hayleys PLC and Hotel Services (Ceylon)
PLC. He counts over 30 years experience in finance, capital market
operations, manufacturing, marketing and management services.
|
|
|
|
|
|
|
Director
|
Director/Board Member
|
|
|
|
Biography:
|
|
Mr. Sujeewa Rajapakse has been Director at Haycarb PLC since January
30, 2013. He is Managing Partner of BDO Partners, a firm of Chartered
Accountants and counts over 27 years of experience with the firm. He is
Fellow of the Institute of Chartered Accountants of Sri Lanka and holds a
Masters of Business Administration from the Postgraduate Institute of
Management of University of Sri Jayawardenapura. He currently serves as
President of Institute of Chartered Accountants of Sri Lanka (ICASL) and is
Technical Advisor of the South Asia Federation of Accountants (SAFA) and
also a Member of the Confederation of Asia Pacific Accountants (CAPA). He
serves as Non-Executive Independent Director at Asian Alliance PLC and
National Development Bank PLC. He is also a Board Member at the National
Institute of Business Management (NIBM), Postgraduate Institute of
Management (PIM), Securities Exchange Commission (SEC) and the Sri Lanka
Accounting and Auditing Standards Monitoring Board as an ex-officio
nominated by the ICASL. He also serves as Committee Member of the Monetary
Policy Consultative Committee of the Central Bank of Sri Lanka. He has held
various honorary positions over the years and has functioned as Board
Member of First Capital Group and the Treasurer of Sri Lanka Cricket. He is
also a Management Accountant.
|
|
|
|
Education:
|
|
University of Sri Jayawardenapura, MBA
|
|
|
|
|
|
|
Independent Non-Executive Director
|
Director/Board Member
|
|
|
|
Biography:
|
|
Mr. Ranjeevan Seevaratnam is an Independent Non-Executive Director
of Haycarb PLC appointed on 1st January 2007. He is a former Senior Partner
of M/s KPMG Ford, Rhodes, Thornton & Company, Chartered Accountants. He
graduated from the University of London, majoring in Botany and Zoology. He
is a Fellow of the Institute of Chartered Accountants England & Wales,
and Fellow of the Institute of Chartered Accountants of Sri Lanka.
|
|
|
|
Education:
|
|
University of London, BS (General Science)
|
|
|
|
|
|
|
Independent Non-Executive Director
|
Director/Board Member
|
|
|
|
Biography:
|
|
Mr. A. M. Senaratna is an Independent Non-Executive Director of Haycarb
PLC appointed in November 2005. Previously he held senior positions with
Amsterdam based TNT/TPG in Global Account Development as a member of the
Global Business Development Board, as Vice President Acquisitions, Vice
President and General Manager TNT Logistics North America and
President-designate TNT Indonesia. He has also been associated with
Celestica (former IBM Manufacturing), Ryder, Rockewll International, Canada
Steamship Lines and Pepsi Cola. He holds a Bachelor of Science from the
University of Ceylon, Colombo, and is a Certified Management Accountant
(CMA - Canada).
|
|
|
|
Education:
|
|
University of Colombo, BS
|
|
|
|
|
|
|
|
|
|
|
|
Executive Director
|
Division Head Executive
|
|
|
Biography:
|
|
Ms. M. J. A. S. Abeyratne has served as a Executive Director of
Haycarb PLC since November 10, 2009. She served as the Chief Financial Officer
of Haycarb Group from 2007 and was appointed to the Board in November 2009.
She is a Member of the Chartered Institute of Management Accountants (CIMA)
UK. Prior to joining Haycarb, she served as the Technical Manager of CIMA
(Sri Lanka Division) and as Group Finance Manager of Dipped Products PLC.
|
|
|
|
|
|
Managing Director
|
Division Head Executive
|
|
|
|
H. S. Rajitha Kariyawasan
|
|
|
|
Managing Director, Executive Director
|
Division Head Executive
|
|
|
|
Biography:
|
|
Mr. S. R. H. Kariyawasan has served as Managing Director and
Executive Director for Haycarb PLC since February 7, 2010. He joined
originally in Janaury 2010 as an Executive Director. He was ppointed to the
Hayleys Group Management Committee in February 2010. He holds a B.Sc.
Engineering (Electronics & Telecommunications) Degree from the
University of Moratuwa, Sri Lanka. He is a Fellow Member (FCMA) of the
CIMA, UK. Also a Six Sigma (Continuous Improvement Methodology) Black Belt,
certified by the Motorola University, Malaysia. Before joining Haycarb, he
held the position of Director/General Manager of Ansell Lanka (Pvt) Ltd. He
served as the Chairman of the Manufacturing Association of Export
Processing Zone, Biyagama.
|
|
|
|
Education:
|
|
University of Moratuwa, BS (Engineering)
|
|
|
|
|
|
Director (Finance & Manufacturing), Executive Director
|
Division Head Executive
|
|
|
|
Biography:
|
|
Mr. R. P. Peris is Director (Finance and Manufacturing) and
Executive Director of Haycarb PLC. He joined Haycarb in 1983. He was
appointed to the Board in 2001. He graduated from the Hatfield Polytechnic,
UK with Honours in Industrial Engineering in 1981.
|
|
|
|
Education:
|
|
University of Hertfordshire (Industrial Engineering)
|
|
|
|
|
|
Executive Director
|
Division Head Executive
|
|
|
|
Biography:
|
|
Mr. D. E. Ranaraja has served as a Executive Director for Haycarb
PLC since November 2009. Joined Haycarb PLC in 2008 as General Manager,
International Business Development, and was appointed to the Board in
November 2009. He holds a Diploma in Marketing from the Chartered Institute
of Marketing, UK and is a Certified Professional Marketer of the Asia
Pacific Marketing Federation.
|
|
|
|
|
|
31-Mar-2013
|
31-Mar-2012
|
31-Mar-2011
|
31-Mar-2010
|
31-Mar-2009
|
|
Period Length
|
12 Months
|
12 Months
|
12 Months
|
12 Months
|
12 Months
|
|
UpdateType/Date
|
Updated Normal
31-Mar-2013
|
Restated Normal
31-Mar-2013
|
Reclassified
Normal
31-Mar-2012
|
Updated Normal
31-Mar-2010
|
Updated Normal
31-Mar-2009
|
|
Filed Currency
|
LKR
|
LKR
|
LKR
|
LKR
|
LKR
|
|
Exchange Rate (Period Average)
|
129.576728
|
112.569538
|
112.156148
|
115.030068
|
109.87627
|
|
Auditor
|
Ernst &
Young Chartered Accountants (Zimbabwe)
|
Ernst &
Young Chartered Accountants (Zimbabwe)
|
KPMG Ford Rhodes
Thornton & Company
|
KPMG Ford Rhodes
Thornton & Company
|
KPMG Ford Rhodes
Thornton & Company
|
|
Auditor Opinion
|
Unqualified
|
Unqualified
|
Unqualified
|
Unqualified
|
Unqualified
|
|
|
|
|
|
|
|
|
Net Sales
|
78.4
|
75.6
|
57.1
|
44.1
|
41.2
|
|
Revenue
|
78.4
|
75.6
|
57.1
|
44.1
|
41.2
|
|
Total Revenue
|
78.4
|
75.6
|
57.1
|
44.1
|
41.2
|
|
|
|
|
|
|
|
|
Cost of Revenue
|
58.5
|
59.6
|
43.5
|
31.1
|
30.6
|
|
Cost of Revenue, Total
|
58.5
|
59.6
|
43.5
|
31.1
|
30.6
|
|
Gross Profit
|
19.9
|
15.9
|
13.7
|
13.0
|
10.6
|
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense
|
10.2
|
9.2
|
8.2
|
7.1
|
7.2
|
|
Total Selling/General/Administrative Expenses
|
10.2
|
9.2
|
8.2
|
7.1
|
7.2
|
|
Investment Income -
Operating
|
0.0
|
-0.6
|
-
|
0.0
|
-0.3
|
|
Interest/Investment Income - Operating
|
0.0
|
-0.6
|
-
|
0.0
|
-0.3
|
|
Interest Expense (Income) - Net Operating Total
|
0.0
|
-0.6
|
-
|
0.0
|
-0.3
|
|
Loss (Gain) on Sale of Assets - Operating
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
|
|
Other Unusual Expense (Income)
|
-
|
-
|
-
|
0.0
|
0.1
|
|
Unusual Expense (Income)
|
0.0
|
0.0
|
0.0
|
0.0
|
0.1
|
|
Other Operating Expense
|
0.0
|
0.0
|
0.0
|
0.3
|
0.0
|
|
Other, Net
|
-0.4
|
-0.4
|
-0.3
|
-0.2
|
-0.1
|
|
Other Operating Expenses, Total
|
-0.4
|
-0.4
|
-0.3
|
0.1
|
0.0
|
|
Total Operating Expense
|
68.4
|
67.8
|
51.4
|
38.3
|
37.5
|
|
|
|
|
|
|
|
|
Operating Income
|
10.0
|
7.8
|
5.7
|
5.9
|
3.7
|
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating
|
-0.8
|
-1.2
|
-0.2
|
-0.4
|
-0.6
|
|
Interest Expense, Net Non-Operating
|
-0.8
|
-1.2
|
-0.2
|
-0.4
|
-0.6
|
|
Interest Income -
Non-Operating
|
0.5
|
0.1
|
0.2
|
0.2
|
0.1
|
|
Investment Income -
Non-Operating
|
-0.4
|
-0.9
|
0.8
|
1.5
|
0.0
|
|
Interest/Investment Income - Non-Operating
|
0.2
|
-0.8
|
0.9
|
1.6
|
0.1
|
|
Interest Income (Expense) - Net Non-Operating Total
|
-0.6
|
-2.0
|
0.7
|
1.3
|
-0.4
|
|
Income Before Tax
|
9.4
|
5.8
|
6.5
|
7.1
|
3.3
|
|
|
|
|
|
|
|
|
Total Income Tax
|
1.5
|
1.2
|
1.3
|
1.2
|
0.8
|
|
Income After Tax
|
7.9
|
4.6
|
5.1
|
6.0
|
2.5
|
|
|
|
|
|
|
|
|
Minority Interest
|
-0.7
|
-0.5
|
-0.6
|
-0.5
|
-0.5
|
|
Net Income Before Extraord Items
|
7.2
|
4.2
|
4.5
|
5.5
|
2.0
|
|
Discontinued Operations
|
-
|
-
|
-
|
0.0
|
0.1
|
|
Total Extraord Items
|
-
|
-
|
-
|
0.0
|
0.1
|
|
Net Income
|
7.2
|
4.2
|
4.5
|
5.5
|
2.0
|
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items
|
7.2
|
4.2
|
4.5
|
5.5
|
2.0
|
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items
|
7.2
|
4.2
|
4.5
|
5.5
|
2.0
|
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares
|
29.7
|
29.7
|
29.7
|
29.7
|
29.7
|
|
Basic EPS Excl Extraord Items
|
0.24
|
0.14
|
0.15
|
0.19
|
0.07
|
|
Basic/Primary EPS Incl Extraord Items
|
0.24
|
0.14
|
0.15
|
0.19
|
0.07
|
|
Dilution Adjustment
|
-
|
-
|
-
|
0.0
|
0.0
|
|
Diluted Net Income
|
7.2
|
4.2
|
4.5
|
5.5
|
2.0
|
|
Diluted Weighted Average Shares
|
29.7
|
29.7
|
29.7
|
29.7
|
29.7
|
|
Diluted EPS Excl Extraord Items
|
0.24
|
0.14
|
0.15
|
0.19
|
0.07
|
|
Diluted EPS Incl Extraord Items
|
0.24
|
0.14
|
0.15
|
0.19
|
0.07
|
|
Dividends per Share - Common Stock Primary Issue
|
0.05
|
0.05
|
0.04
|
0.04
|
0.03
|
|
Gross Dividends - Common Stock
|
1.6
|
1.5
|
1.3
|
1.3
|
0.7
|
|
Interest Expense, Supplemental
|
0.8
|
1.2
|
0.2
|
0.4
|
0.6
|
|
Depreciation, Supplemental
|
1.4
|
1.0
|
0.8
|
0.8
|
1.0
|
|
Total Special Items
|
0.0
|
0.0
|
0.0
|
0.0
|
0.1
|
|
Normalized Income Before Tax
|
9.4
|
5.8
|
6.4
|
7.2
|
3.4
|
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
|
|
Inc Tax Ex Impact of Sp Items
|
1.5
|
1.2
|
1.3
|
1.2
|
0.8
|
|
Normalized Income After Tax
|
7.9
|
4.6
|
5.1
|
6.0
|
2.6
|
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com.
|
7.2
|
4.2
|
4.5
|
5.5
|
2.1
|
|
|
|
|
|
|
|
|
Basic Normalized EPS
|
0.24
|
0.14
|
0.15
|
0.19
|
0.07
|
|
Diluted Normalized EPS
|
0.24
|
0.14
|
0.15
|
0.19
|
0.07
|
|
Amort of Intangibles, Supplemental
|
0.2
|
0.0
|
0.0
|
-
|
-
|
|
Normalized EBIT
|
10.1
|
7.2
|
5.7
|
5.9
|
3.5
|
|
Normalized EBITDA
|
11.7
|
8.3
|
6.6
|
6.7
|
4.5
|
|
Current Tax - Domestic
|
-
|
-
|
0.4
|
0.5
|
0.3
|
|
Current Tax - Foreign
|
-
|
-
|
0.8
|
0.6
|
0.5
|
|
Current Tax - Total
|
1.5
|
1.1
|
-
|
-
|
-
|
|
Current Tax - Total
|
1.5
|
1.1
|
1.2
|
1.1
|
0.7
|
|
Deferred Tax - Domestic
|
-
|
-
|
0.1
|
0.0
|
-
|
|
Deferred Tax - Total
|
0.0
|
0.0
|
-
|
-
|
-
|
|
Deferred Tax - Total
|
0.0
|
0.0
|
0.1
|
0.0
|
-
|
|
Other Tax
|
0.0
|
0.1
|
0.1
|
0.0
|
0.1
|
|
Income Tax - Total
|
1.5
|
1.2
|
1.3
|
1.2
|
0.8
|
|
Interest Cost - Domestic
|
0.1
|
-
|
0.1
|
0.1
|
0.1
|
|
Service Cost - Domestic
|
0.1
|
-
|
0.1
|
0.1
|
0.1
|
|
Actuarial Gains and Losses - Domestic
|
0.1
|
-
|
0.0
|
0.0
|
0.0
|
|
Domestic Pension Plan Expense
|
0.3
|
-
|
0.2
|
0.1
|
0.2
|
|
Defined Contribution Expense - Domestic
|
0.5
|
-
|
0.3
|
0.2
|
0.2
|
|
Total Pension Expense
|
0.8
|
-
|
0.5
|
0.4
|
0.4
|
|
Discount Rate - Domestic
|
11.00%
|
11.00%
|
11.00%
|
11.00%
|
15.00%
|
|
Compensation Rate - Domestic
|
10.00%
|
10.00%
|
10.00%
|
10.00%
|
14.00%
|
|
Total Plan Interest Cost
|
0.1
|
-
|
0.1
|
0.1
|
0.1
|
|
Total Plan Service Cost
|
0.1
|
-
|
0.1
|
0.1
|
0.1
|
|
|
31-Mar-2013
|
31-Mar-2012
|
31-Mar-2011
|
31-Mar-2010
|
31-Mar-2009
|
|
UpdateType/Date
|
Updated Normal
31-Mar-2013
|
Restated Normal
31-Mar-2013
|
Reclassified
Normal
31-Mar-2012
|
Updated Normal
31-Mar-2010
|
Updated Normal
31-Mar-2009
|
|
Filed Currency
|
LKR
|
LKR
|
LKR
|
LKR
|
LKR
|
|
Exchange Rate
|
126.749941
|
127.803337
|
110.395
|
114.05
|
115.725
|
|
Auditor
|
Ernst &
Young Chartered Accountants (Zimbabwe)
|
Ernst & Young
Chartered Accountants (Zimbabwe)
|
KPMG Ford Rhodes
Thornton & Company
|
KPMG Ford Rhodes
Thornton & Company
|
KPMG Ford Rhodes
Thornton & Company
|
|
Auditor Opinion
|
Unqualified
|
Unqualified
|
Unqualified
|
Unqualified
|
Unqualified
|
|
|
|
|
|
|
|
|
Cash
|
2.1
|
1.6
|
1.8
|
2.1
|
0.9
|
|
Short Term Investments
|
1.1
|
0.1
|
1.3
|
0.2
|
0.5
|
|
Cash and Short Term Investments
|
3.2
|
1.8
|
3.0
|
2.3
|
1.4
|
|
Accounts Receivable -
Trade, Gross
|
11.4
|
9.2
|
8.0
|
2.9
|
2.8
|
|
Provision for Doubtful
Accounts
|
-0.1
|
-0.1
|
-0.1
|
-0.1
|
-0.1
|
|
Trade Accounts Receivable - Net
|
11.3
|
9.1
|
7.8
|
2.8
|
2.7
|
|
Other Receivables
|
0.8
|
0.6
|
0.5
|
3.3
|
3.3
|
|
Total Receivables, Net
|
12.0
|
9.7
|
8.4
|
6.1
|
5.9
|
|
Inventories - Finished Goods
|
10.4
|
7.5
|
4.9
|
4.5
|
3.1
|
|
Inventories - Work In Progress
|
-
|
-
|
-
|
0.1
|
0.4
|
|
Inventories - Raw Materials
|
7.2
|
8.2
|
4.6
|
4.3
|
2.7
|
|
Inventories - Other
|
-0.3
|
-0.3
|
-0.2
|
-0.2
|
-0.2
|
|
Total Inventory
|
17.2
|
15.4
|
9.3
|
8.8
|
6.0
|
|
Other Current Assets
|
2.8
|
2.2
|
1.9
|
2.0
|
1.3
|
|
Other Current Assets, Total
|
2.8
|
2.2
|
1.9
|
2.0
|
1.3
|
|
Total Current Assets
|
35.2
|
29.0
|
22.6
|
19.1
|
14.6
|
|
|
|
|
|
|
|
|
Buildings
|
5.4
|
3.7
|
3.3
|
2.9
|
2.7
|
|
Machinery/Equipment
|
21.9
|
17.0
|
15.5
|
13.3
|
12.2
|
|
Construction in
Progress
|
4.3
|
1.6
|
1.6
|
0.5
|
0.6
|
|
Other
Property/Plant/Equipment
|
0.7
|
0.5
|
0.6
|
0.5
|
0.5
|
|
Property/Plant/Equipment - Gross
|
32.4
|
22.9
|
21.0
|
17.1
|
16.1
|
|
Accumulated Depreciation
|
-13.2
|
-10.8
|
-11.9
|
-10.5
|
-9.3
|
|
Property/Plant/Equipment - Net
|
22.1
|
13.6
|
11.2
|
8.6
|
8.2
|
|
Goodwill, Net
|
1.6
|
0.5
|
0.6
|
-
|
-
|
|
Intangibles - Gross
|
0.6
|
0.6
|
0.0
|
1.0
|
1.0
|
|
Accumulated Intangible Amortization
|
-0.3
|
0.0
|
0.0
|
-0.5
|
-0.5
|
|
Intangibles, Net
|
0.3
|
0.5
|
0.0
|
0.6
|
0.5
|
|
LT Investment - Affiliate Companies
|
2.6
|
2.5
|
2.1
|
2.1
|
0.7
|
|
LT Investments - Other
|
4.6
|
4.2
|
0.4
|
0.4
|
0.9
|
|
Long Term Investments
|
7.1
|
6.7
|
2.4
|
2.5
|
1.6
|
|
Note Receivable - Long Term
|
0.1
|
0.2
|
0.3
|
0.4
|
0.7
|
|
Deferred Income Tax - Long Term Asset
|
0.1
|
0.0
|
0.0
|
0.0
|
0.0
|
|
Other Long Term Assets, Total
|
0.1
|
0.0
|
0.0
|
0.0
|
0.0
|
|
Total Assets
|
66.5
|
50.5
|
37.1
|
31.3
|
25.6
|
|
|
|
|
|
|
|
|
Accounts Payable
|
1.4
|
1.6
|
1.5
|
0.8
|
0.6
|
|
Accrued Expenses
|
3.0
|
2.1
|
2.0
|
2.7
|
1.6
|
|
Notes Payable/Short Term Debt
|
9.7
|
9.6
|
0.0
|
0.0
|
0.0
|
|
Current Portion - Long Term Debt/Capital Leases
|
1.5
|
1.2
|
3.8
|
2.2
|
4.1
|
|
Dividends Payable
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
|
|
Customer Advances
|
-
|
-
|
0.2
|
0.1
|
0.0
|
|
Income Taxes Payable
|
1.0
|
0.4
|
0.6
|
0.7
|
0.5
|
|
Other Payables
|
6.0
|
1.3
|
1.5
|
1.3
|
1.0
|
|
Other Current Liabilities
|
0.2
|
0.1
|
-
|
-
|
0.0
|
|
Other Current liabilities, Total
|
7.3
|
1.9
|
2.4
|
2.1
|
1.6
|
|
Total Current Liabilities
|
22.9
|
16.3
|
9.7
|
7.9
|
7.9
|
|
|
|
|
|
|
|
|
Long Term Debt
|
4.9
|
2.9
|
0.1
|
0.4
|
1.0
|
|
Capital Lease Obligations
|
-
|
-
|
0.0
|
0.0
|
0.0
|
|
Total Long Term Debt
|
4.9
|
2.9
|
0.1
|
0.4
|
1.0
|
|
Total Debt
|
16.2
|
13.6
|
4.0
|
2.7
|
5.2
|
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability
|
0.2
|
0.1
|
0.1
|
0.1
|
0.1
|
|
Deferred Income Tax
|
0.2
|
0.1
|
0.1
|
0.1
|
0.1
|
|
Minority Interest
|
2.7
|
2.1
|
2.3
|
2.0
|
1.7
|
|
Pension Benefits - Underfunded
|
1.2
|
1.0
|
0.8
|
0.7
|
0.6
|
|
Other Long Term Liabilities
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
|
|
Other Liabilities, Total
|
1.2
|
1.0
|
0.8
|
0.7
|
0.6
|
|
Total Liabilities
|
32.0
|
22.4
|
13.0
|
11.1
|
11.3
|
|
|
|
|
|
|
|
|
Common Stock
|
2.6
|
2.6
|
3.0
|
2.9
|
2.6
|
|
Common Stock
|
2.6
|
2.6
|
3.0
|
2.9
|
2.6
|
|
Additional Paid-In Capital
|
-
|
-
|
-
|
-
|
0.3
|
|
Retained Earnings (Accumulated Deficit)
|
28.9
|
23.1
|
16.9
|
13.5
|
9.1
|
|
Unrealized Gain (Loss)
|
-
|
-
|
1.7
|
1.6
|
0.8
|
|
Translation Adjustment
|
3.1
|
2.4
|
2.5
|
2.1
|
1.6
|
|
Other Equity, Total
|
3.1
|
2.4
|
2.5
|
2.1
|
1.6
|
|
Total Equity
|
34.6
|
28.1
|
24.1
|
20.2
|
14.3
|
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity
|
66.5
|
50.5
|
37.1
|
31.3
|
25.6
|
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue
|
29.7
|
29.7
|
29.7
|
29.7
|
29.7
|
|
Total Common Shares Outstanding
|
29.7
|
29.7
|
29.7
|
29.7
|
29.7
|
|
Treasury Shares - Common Stock Primary Issue
|
0.0
|
0.0
|
-
|
-
|
-
|
|
Employees
|
1,039
|
869
|
877
|
753
|
710
|
|
Number of Common Shareholders
|
2,097
|
-
|
2,456
|
2,331
|
1,886
|
|
Accumulated Intangible Amort, Suppl.
|
0.3
|
0.0
|
0.0
|
0.5
|
0.5
|
|
Deferred Revenue - Current
|
-
|
-
|
0.2
|
0.1
|
0.0
|
|
Deferred Revenue - Long Term
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
|
|
Total Long Term Debt, Supplemental
|
4.9
|
2.9
|
0.1
|
0.4
|
1.0
|
|
Long Term Debt Maturing within 1 Year
|
0.7
|
0.3
|
0.0
|
0.2
|
0.3
|
|
Long Term Debt Maturing in Year 2
|
0.7
|
0.3
|
0.0
|
0.2
|
0.3
|
|
Long Term Debt Maturing in Year 3
|
1.1
|
0.7
|
0.0
|
0.0
|
0.2
|
|
Long Term Debt Maturing in Year 4
|
1.1
|
0.7
|
0.0
|
0.0
|
0.2
|
|
Long Term Debt Maturing in Year 5
|
1.1
|
0.7
|
0.0
|
0.0
|
0.2
|
|
Long Term Debt Maturing in 2-3 Years
|
1.8
|
1.0
|
0.1
|
0.2
|
0.4
|
|
Long Term Debt Maturing in 4-5 Years
|
2.2
|
1.3
|
0.0
|
0.1
|
0.3
|
|
Long Term Debt Matur. in Year 6 & Beyond
|
0.2
|
0.2
|
-
|
-
|
-
|
|
Total Capital Leases, Supplemental
|
-
|
-
|
-
|
0.0
|
0.0
|
|
Capital Lease Payments Due in Year 1
|
-
|
-
|
-
|
0.0
|
0.0
|
|
Capital Lease Payments Due in Year 2
|
-
|
-
|
-
|
0.0
|
0.0
|
|
Capital Lease Payments Due in Year 3
|
-
|
-
|
-
|
0.0
|
0.0
|
|
Capital Lease Payments Due in Year 4
|
-
|
-
|
-
|
0.0
|
0.0
|
|
Capital Lease Payments Due in Year 5
|
-
|
-
|
-
|
0.0
|
0.0
|
|
Capital Lease Payments Due in 2-3 Years
|
-
|
-
|
-
|
0.0
|
0.0
|
|
Capital Lease Payments Due in 4-5 Years
|
-
|
-
|
-
|
0.0
|
0.0
|
|
Cap. Lease Pymts. Due in Year 6 & Beyond
|
-
|
-
|
-
|
0.0
|
0.0
|
|
Unfunded Plan Obligations
|
1.2
|
1.0
|
0.8
|
0.7
|
0.7
|
|
Total Funded Status
|
-1.2
|
-1.0
|
-0.8
|
-0.7
|
-0.7
|
|
Discount Rate - Domestic
|
11.00%
|
11.00%
|
11.00%
|
11.00%
|
15.00%
|
|
Compensation Rate - Domestic
|
10.00%
|
10.00%
|
10.00%
|
10.00%
|
14.00%
|
|
Net Domestic Pension Assets
|
-1.2
|
-1.0
|
-0.8
|
-0.7
|
-0.6
|
|
Net Assets Recognized on Balance Sheet
|
-1.2
|
-1.0
|
-0.8
|
-0.7
|
-0.6
|
|
Total Plan Obligations
|
1.2
|
1.0
|
0.8
|
0.7
|
0.7
|
|
|
31-Mar-2013
|
31-Mar-2012
|
31-Mar-2011
|
31-Mar-2010
|
31-Mar-2009
|
|
Period Length
|
12 Months
|
12 Months
|
12 Months
|
12 Months
|
12 Months
|
|
UpdateType/Date
|
Updated Normal
31-Mar-2013
|
Reclassified
Normal
31-Mar-2013
|
Updated Normal
31-Mar-2011
|
Updated Normal
31-Mar-2010
|
Updated Normal
31-Mar-2009
|
|
Filed Currency
|
LKR
|
LKR
|
LKR
|
LKR
|
LKR
|
|
Exchange Rate (Period Average)
|
129.576728
|
112.569538
|
112.156148
|
115.030068
|
109.87627
|
|
Auditor
|
Ernst &
Young Chartered Accountants (Zimbabwe)
|
Ernst &
Young Chartered Accountants (Zimbabwe)
|
KPMG Ford Rhodes
Thornton & Company
|
KPMG Ford Rhodes
Thornton & Company
|
KPMG Ford Rhodes
Thornton & Company
|
|
Auditor Opinion
|
Unqualified
|
Unqualified
|
Unqualified
|
Unqualified
|
Unqualified
|
|
|
|
|
|
|
|
|
Net Income/Starting Line
|
9.4
|
5.8
|
6.5
|
7.1
|
3.3
|
|
Depreciation
|
1.4
|
1.0
|
0.8
|
0.8
|
1.0
|
|
Depreciation/Depletion
|
1.4
|
1.0
|
0.8
|
0.8
|
1.0
|
|
Amortization of Intangibles
|
0.2
|
0.0
|
-
|
-
|
-
|
|
Amortization
|
0.2
|
0.0
|
-
|
-
|
-
|
|
Discontinued Operations
|
-
|
-
|
-
|
0.0
|
-0.2
|
|
Unusual Items
|
0.0
|
0.0
|
0.0
|
0.0
|
-0.2
|
|
Equity in Net Earnings (Loss)
|
0.0
|
-0.1
|
-0.2
|
-1.3
|
0.1
|
|
Other Non-Cash Items
|
0.7
|
2.2
|
0.5
|
0.6
|
0.3
|
|
Non-Cash Items
|
0.7
|
2.0
|
0.2
|
-0.8
|
-0.1
|
|
Accounts Receivable
|
-2.7
|
-3.3
|
-1.7
|
-0.4
|
-0.6
|
|
Inventories
|
-1.5
|
-8.5
|
-0.2
|
-2.7
|
-0.7
|
|
Accounts Payable
|
2.2
|
0.7
|
0.0
|
1.7
|
0.4
|
|
Other Operating Cash Flow
|
-1.9
|
-1.9
|
-1.6
|
-1.5
|
-0.9
|
|
Changes in Working Capital
|
-3.8
|
-13.0
|
-3.6
|
-2.9
|
-1.8
|
|
Cash from Operating Activities
|
7.9
|
-4.0
|
3.9
|
4.3
|
2.3
|
|
|
|
|
|
|
|
|
Purchase of Fixed Assets
|
-5.1
|
-6.3
|
-3.1
|
-0.5
|
-0.6
|
|
Purchase/Acquisition of Intangibles
|
0.0
|
-0.6
|
-
|
-
|
-
|
|
Capital Expenditures
|
-5.1
|
-7.0
|
-3.1
|
-0.5
|
-0.6
|
|
Acquisition of Business
|
-0.8
|
0.0
|
-
|
-
|
-
|
|
Sale of Business
|
-
|
-
|
-
|
0.0
|
1.5
|
|
Sale of Fixed Assets
|
0.1
|
0.1
|
0.1
|
0.0
|
0.1
|
|
Sale/Maturity of Investment
|
-
|
-
|
0.0
|
0.5
|
0.0
|
|
Investment, Net
|
-0.8
|
0.0
|
0.0
|
-
|
0.0
|
|
Purchase of Investments
|
-
|
-
|
-
|
0.0
|
-0.5
|
|
Other Investing Cash Flow
|
0.3
|
0.1
|
0.1
|
0.2
|
-0.3
|
|
Other Investing Cash Flow Items, Total
|
-1.1
|
0.2
|
0.2
|
0.8
|
0.7
|
|
Cash from Investing Activities
|
-6.2
|
-6.7
|
-2.9
|
0.3
|
0.2
|
|
|
|
|
|
|
|
|
Other Financing Cash Flow
|
0.0
|
0.0
|
-
|
-
|
-
|
|
Financing Cash Flow Items
|
0.0
|
0.0
|
-
|
-
|
-
|
|
Cash Dividends Paid - Common
|
-2.5
|
-0.9
|
-1.6
|
-1.2
|
-0.3
|
|
Total Cash Dividends Paid
|
-2.5
|
-0.9
|
-1.6
|
-1.2
|
-0.3
|
|
Short Term Debt Issued
|
-
|
-
|
-
|
-
|
0.0
|
|
Short Term Debt, Net
|
-
|
-
|
-
|
-
|
0.0
|
|
Long Term Debt Issued
|
3.7
|
3.8
|
-
|
-
|
-
|
|
Long Term Debt
Reduction
|
-
|
-
|
0.0
|
0.0
|
0.0
|
|
Long Term Debt, Net
|
3.7
|
3.8
|
0.0
|
0.0
|
0.0
|
|
Total Debt Reduction
|
-1.6
|
-0.5
|
-0.6
|
-0.8
|
-1.3
|
|
Issuance (Retirement) of Debt, Net
|
2.1
|
3.2
|
-0.6
|
-0.8
|
-1.3
|
|
Cash from Financing Activities
|
-0.4
|
2.3
|
-2.2
|
-2.0
|
-1.6
|
|
|
|
|
|
|
|
|
Net Change in Cash
|
1.4
|
-8.4
|
-1.1
|
2.6
|
0.9
|
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance
|
-7.7
|
-0.5
|
0.6
|
-2.0
|
-3.0
|
|
Net Cash - Ending Balance
|
-6.3
|
-8.9
|
-0.5
|
0.6
|
-2.1
|
|
Cash Interest Paid
|
0.8
|
0.5
|
0.2
|
0.4
|
0.6
|
|
Cash Taxes Paid
|
0.9
|
1.3
|
1.3
|
1.1
|
0.2
|
|
|
31-Mar-2013
|
31-Mar-2012
|
31-Mar-2011
|
31-Mar-2010
|
31-Mar-2009
|
|
Period Length
|
12 Months
|
12 Months
|
12 Months
|
12 Months
|
12 Months
|
|
UpdateType/Date
|
Updated Normal
31-Mar-2013
|
Restated Normal
31-Mar-2013
|
Reclassified
Normal
31-Mar-2012
|
Updated Normal
31-Mar-2010
|
Updated Normal
31-Mar-2009
|
|
Filed Currency
|
LKR
|
LKR
|
LKR
|
LKR
|
LKR
|
|
Exchange Rate (Period Average)
|
129.576728
|
112.569538
|
112.156148
|
115.030068
|
109.87627
|
|
Auditor
|
Ernst &
Young Chartered Accountants (Zimbabwe)
|
Ernst &
Young Chartered Accountants (Zimbabwe)
|
Ernst & Young
Chartered Accountants (Zimbabwe)
|
KPMG Ford Rhodes
Thornton & Company
|
KPMG Ford Rhodes
Thornton & Company
|
|
Auditor Opinion
|
Unqualified
|
Unqualified
|
Unqualified
|
Unqualified
|
Unqualified
|
|
|
|
|
|
|
|
|
Turnover
|
78.4
|
75.6
|
57.1
|
44.1
|
41.2
|
|
Total Revenue
|
78.4
|
75.6
|
57.1
|
44.1
|
41.2
|
|
|
|
|
|
|
|
|
Selling & distribution costs
|
0.6
|
0.6
|
-
|
-
|
-
|
|
Cost of Sales
|
58.5
|
59.6
|
43.5
|
31.1
|
30.6
|
|
Foreign Exchange Gain/Loss
|
0.0
|
-0.6
|
-
|
-
|
-
|
|
FV Adjustments on Investment Property
|
0.0
|
0.0
|
-
|
-
|
-
|
|
Dividend/Investment Income
|
0.0
|
0.0
|
-
|
-
|
-
|
|
Profit on sale of long term investment
|
-
|
-
|
-
|
0.0
|
-0.3
|
|
Sale of Invesments
|
-
|
-
|
-
|
-
|
0.0
|
|
G/L on Sale of Tangible & Intangible FA
|
0.0
|
0.0
|
-
|
-
|
-
|
|
Sale of Fixed Assets
|
-
|
-
|
0.0
|
0.0
|
0.0
|
|
Government Grants
|
0.0
|
-0.1
|
-
|
-
|
-
|
|
Fees for Marketing Services
|
0.0
|
0.0
|
-
|
-
|
-
|
|
Sundry Income
|
-0.3
|
-0.3
|
-
|
-
|
-
|
|
Rental Income, Net
|
0.0
|
0.0
|
-
|
-
|
-
|
|
Other operating income
|
-
|
-
|
-0.3
|
-0.2
|
-0.1
|
|
Administrative Exp.
|
9.6
|
8.6
|
7.4
|
6.1
|
6.1
|
|
Distribution Costs
|
-
|
-
|
0.8
|
1.0
|
1.1
|
|
Software Develolment Cost Written off
|
-
|
-
|
-
|
0.0
|
0.1
|
|
Loss on Sale of Fixed Assets
|
-
|
-
|
-
|
0.0
|
0.0
|
|
Amortization of Deferred Income
|
0.0
|
0.0
|
-
|
-
|
-
|
|
Other operating expenses
|
0.0
|
0.0
|
0.0
|
0.3
|
0.0
|
|
Total Operating Expense
|
68.4
|
67.8
|
51.4
|
38.3
|
37.5
|
|
|
|
|
|
|
|
|
Net Gain on Forward Contract Valuation
|
0.5
|
0.0
|
-
|
-
|
-
|
|
Interest Income On Loans and Receivables
|
0.1
|
0.1
|
-
|
-
|
-
|
|
Interest Income
|
-
|
-
|
0.2
|
0.2
|
0.1
|
|
Net Loss on Translation of Foreign Curre
|
-0.7
|
-1.0
|
-
|
-
|
-
|
|
Dividend Income- Quoted
|
0.3
|
0.1
|
-
|
-
|
-
|
|
Dividend Income- UnQuoted
|
0.0
|
0.0
|
-
|
-
|
-
|
|
Dividend Income
|
-
|
-
|
0.1
|
0.2
|
0.1
|
|
Exchange, Net
|
-
|
-
|
0.4
|
0.0
|
0.0
|
|
Interest Cost- Short term Borrowing
|
-0.5
|
-0.5
|
-
|
-
|
-
|
|
Interest Cost- Long term Borrowing
|
-0.3
|
-0.1
|
-
|
-
|
-
|
|
Net Loss on Forward Contract Valuation
|
0.0
|
-0.6
|
-
|
-
|
-
|
|
Finance cost
|
-
|
-
|
-0.2
|
-0.4
|
-0.6
|
|
Share of Associate
|
0.0
|
0.1
|
0.2
|
1.3
|
-0.1
|
|
Net Income Before Taxes
|
9.4
|
5.8
|
6.5
|
7.1
|
3.3
|
|
|
|
|
|
|
|
|
Provision for Income Taxes
|
1.5
|
1.2
|
1.3
|
1.2
|
0.8
|
|
Net Income After Taxes
|
7.9
|
4.6
|
5.1
|
6.0
|
2.5
|
|
|
|
|
|
|
|
|
Minority Interest
|
-0.7
|
-0.5
|
-0.6
|
-0.5
|
-0.5
|
|
Net Income Before Extra. Items
|
7.2
|
4.2
|
4.5
|
5.5
|
2.0
|
|
Profit/ (loss) from Discont. Operations
|
-
|
-
|
-
|
0.0
|
0.1
|
|
Net Income
|
7.2
|
4.2
|
4.5
|
5.5
|
2.0
|
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd
|
7.2
|
4.2
|
4.5
|
5.5
|
2.0
|
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd
|
7.2
|
4.2
|
4.5
|
5.5
|
2.0
|
|
|
|
|
|
|
|
|
Basic Weighted Average Shares
|
29.7
|
29.7
|
29.7
|
29.7
|
29.7
|
|
Basic EPS Excluding ExtraOrdinary Items
|
0.24
|
0.14
|
0.15
|
0.19
|
0.07
|
|
Basic EPS Including ExtraOrdinary Items
|
0.24
|
0.14
|
0.15
|
0.19
|
0.07
|
|
Dilution Adjustment
|
-
|
-
|
-
|
0.0
|
0.0
|
|
Diluted Net Income
|
7.2
|
4.2
|
4.5
|
5.5
|
2.0
|
|
Diluted Weighted Average Shares
|
29.7
|
29.7
|
29.7
|
29.7
|
29.7
|
|
Diluted EPS Excluding ExtraOrd Items
|
0.24
|
0.14
|
0.15
|
0.19
|
0.07
|
|
Diluted EPS Including ExtraOrd Items
|
0.24
|
0.14
|
0.15
|
0.19
|
0.07
|
|
DPS-Fully Paid Ord. Shrs
|
0.05
|
0.05
|
0.04
|
0.04
|
0.03
|
|
Gross Dividends - Common Stock
|
1.6
|
1.5
|
1.3
|
1.3
|
0.7
|
|
Normalized Income Before Taxes
|
9.4
|
5.8
|
6.4
|
7.2
|
3.4
|
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items
|
1.5
|
1.2
|
1.3
|
1.2
|
0.8
|
|
Normalized Income After Taxes
|
7.9
|
4.6
|
5.1
|
6.0
|
2.6
|
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com.
|
7.2
|
4.2
|
4.5
|
5.5
|
2.1
|
|
|
|
|
|
|
|
|
Basic Normalized EPS
|
0.24
|
0.14
|
0.15
|
0.19
|
0.07
|
|
Diluted Normalized EPS
|
0.24
|
0.14
|
0.15
|
0.19
|
0.07
|
|
Interest Expense, Supplemental
|
0.8
|
1.2
|
-
|
-
|
-
|
|
Interest Expense
|
-
|
-
|
0.2
|
0.4
|
0.6
|
|
BC - Depreciation of Intangible Assets
|
0.2
|
0.0
|
-
|
-
|
-
|
|
Amortization of Intangibles
|
-
|
-
|
0.0
|
-
|
-
|
|
BC - Depreciation of Fixed Assets
|
1.4
|
1.0
|
-
|
-
|
-
|
|
Depreciation
|
-
|
-
|
0.8
|
0.8
|
1.0
|
|
Current Tax - Total
|
1.5
|
1.1
|
-
|
-
|
-
|
|
Current Tax - Domestic
|
-
|
-
|
0.4
|
0.5
|
0.3
|
|
Cureent Tax - Overseas
|
-
|
-
|
0.8
|
0.6
|
0.5
|
|
Current Tax - Total
|
1.5
|
1.1
|
1.2
|
1.1
|
0.7
|
|
Deferred Tax - Total
|
0.0
|
0.0
|
-
|
-
|
-
|
|
Deferred Tax - Domestic
|
-
|
-
|
0.1
|
0.0
|
-
|
|
Deferred Tax - Total
|
0.0
|
0.0
|
0.1
|
0.0
|
-
|
|
Origination & reversal of Tem. Differnce
|
-
|
-
|
-
|
-
|
0.0
|
|
Tax on Dividend Income
|
0.0
|
0.0
|
0.1
|
0.0
|
0.0
|
|
Social Responsibility Levy
|
-
|
-
|
0.0
|
0.0
|
-
|
|
Provision for Prior Year
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
|
|
Income Tax - Total
|
1.5
|
1.2
|
1.3
|
1.2
|
0.8
|
|
Service Cost
|
0.1
|
-
|
0.1
|
0.1
|
0.1
|
|
Amort. of Actuarial Gain/Loss
|
0.0
|
-
|
0.0
|
0.0
|
0.0
|
|
Actuarial Gain/Loss
|
0.1
|
-
|
0.0
|
-0.1
|
0.0
|
|
Interest Cost
|
0.1
|
-
|
0.1
|
0.1
|
0.1
|
|
Domestic Pension Plan Expense
|
0.3
|
-
|
0.2
|
0.1
|
0.2
|
|
Defined Contribution Plan
|
0.5
|
-
|
0.3
|
0.2
|
0.2
|
|
Total Pension Expense
|
0.8
|
-
|
0.5
|
0.4
|
0.4
|
|
Discount Rate
|
11.00%
|
11.00%
|
11.00%
|
11.00%
|
15.00%
|
|
Compensation Rate
|
10.00%
|
10.00%
|
10.00%
|
10.00%
|
14.00%
|
|
|
31-Mar-2013
|
31-Mar-2012
|
31-Mar-2011
|
31-Mar-2010
|
31-Mar-2009
|
|
UpdateType/Date
|
Updated Normal
31-Mar-2013
|
Restated Normal
31-Mar-2013
|
Reclassified
Normal
31-Mar-2012
|
Updated Normal
31-Mar-2010
|
Updated Normal
31-Mar-2009
|
|
Filed Currency
|
LKR
|
LKR
|
LKR
|
LKR
|
LKR
|
|
Exchange Rate
|
126.749941
|
127.803337
|
110.395
|
114.05
|
115.725
|
|
Auditor
|
Ernst &
Young Chartered Accountants (Zimbabwe)
|
Ernst & Young
Chartered Accountants (Zimbabwe)
|
Ernst &
Young Chartered Accountants (Zimbabwe)
|
KPMG Ford Rhodes
Thornton & Company
|
KPMG Ford Rhodes
Thornton & Company
|
|
Auditor Opinion
|
Unqualified
|
Unqualified
|
Unqualified
|
Unqualified
|
Unqualified
|
|
|
|
|
|
|
|
|
Raw Materials and Consumables
|
7.2
|
8.2
|
4.6
|
4.3
|
2.7
|
|
Finished Goods
|
10.4
|
7.5
|
4.9
|
4.5
|
3.1
|
|
Goods-in-Transit
|
-
|
-
|
-
|
0.1
|
0.4
|
|
Work in Progress
|
-
|
-
|
-
|
0.0
|
0.0
|
|
Provision for Slow Mov./Unrea. Profit
|
-0.3
|
-0.3
|
-0.2
|
-0.2
|
-0.2
|
|
Trade Receivable
|
11.4
|
9.2
|
8.0
|
2.9
|
2.8
|
|
Doubtful Debt
|
-0.1
|
-0.1
|
-0.1
|
-0.1
|
-0.1
|
|
Receivable from fair valuation of inter
|
0.0
|
0.0
|
-
|
-
|
-
|
|
Other Receivables, Net
|
0.0
|
0.0
|
-
|
-
|
-
|
|
Shipping Docum.
|
-
|
-
|
-
|
2.8
|
2.7
|
|
Loans
|
0.1
|
0.0
|
0.1
|
0.0
|
0.0
|
|
Tax Refund Due
|
-
|
-
|
-
|
-
|
0.0
|
|
Deposits, Payments in advances and other
|
2.8
|
2.2
|
1.9
|
2.0
|
1.3
|
|
Value Added Tax Recoverable
|
0.4
|
0.3
|
0.3
|
0.1
|
0.3
|
|
Amounts Receivables from Related Parties
|
0.3
|
0.3
|
0.2
|
0.3
|
0.3
|
|
Other Current Financial Asset
|
0.0
|
0.0
|
-
|
-
|
-
|
|
Assets Classified Held for Sale
|
-
|
-
|
-
|
-
|
0.0
|
|
Cash & Bank Balances
|
-
|
-
|
-
|
2.1
|
0.9
|
|
Cash in Bank
|
2.1
|
1.6
|
0.0
|
-
|
-
|
|
Cash in Hand
|
0.0
|
0.0
|
1.7
|
-
|
-
|
|
Short Term Deposits
|
1.1
|
0.1
|
1.3
|
0.2
|
0.5
|
|
Total Current Assets
|
35.2
|
29.0
|
22.6
|
19.1
|
14.6
|
|
|
|
|
|
|
|
|
Land
|
2.9
|
1.6
|
2.1
|
2.0
|
1.4
|
|
Buildings
|
5.4
|
3.7
|
3.3
|
2.9
|
2.7
|
|
Machinery & Stores Equipment Freehold
|
20.8
|
15.9
|
14.6
|
12.7
|
11.7
|
|
Machinery & Stores Equipment Leasehold
|
0.0
|
0.0
|
0.1
|
0.1
|
0.1
|
|
Vehicles
|
0.7
|
0.7
|
0.6
|
0.3
|
0.3
|
|
Furniture & Fittings & Office
Equipment
|
0.7
|
0.5
|
0.6
|
0.4
|
0.5
|
|
Data Processing Equipment
|
0.4
|
0.4
|
0.3
|
0.2
|
0.2
|
|
Acc Depr/Imp Buildings
|
-1.2
|
-0.9
|
-
|
-
|
-
|
|
Acc Depr/Imp Plant/Machinery/Equipment
|
-10.9
|
-8.9
|
-
|
-
|
-
|
|
Acc Depr Machinery & Stores Equipment Le
|
0.0
|
0.0
|
-
|
-
|
-
|
|
Acc Depr Furniture & Fittings & Office
E
|
-0.4
|
-0.4
|
-
|
-
|
-
|
|
Acc Dep Vehicles
|
-0.2
|
-0.3
|
-
|
-
|
-
|
|
Acc Depr Data Processing Equipment
|
-0.3
|
-0.2
|
-
|
-
|
-
|
|
Property,plant & equipment - Balancing v
|
-0.2
|
-0.2
|
-
|
-
|
-
|
|
Depreciation
|
-
|
-
|
-11.9
|
-10.5
|
-9.3
|
|
Capital Work-In-Progress
|
4.3
|
1.6
|
1.6
|
0.5
|
0.6
|
|
Investment Property, Gross
|
0.3
|
0.3
|
-
|
-
|
-
|
|
Acc Depr Investment Property
|
0.0
|
0.0
|
-
|
-
|
-
|
|
Other Non Current Financial Assets
|
4.3
|
3.9
|
-
|
-
|
-
|
|
Investment Property
|
-
|
-
|
0.0
|
-
|
-
|
|
Computer Software, Gross (Intangibles)
|
0.6
|
0.6
|
-
|
-
|
-
|
|
Intangible Asset
|
-
|
-
|
0.0
|
1.0
|
1.0
|
|
Acc Amort/Imp Computer Software
|
-0.3
|
0.0
|
-
|
-
|
-
|
|
Amort. Intang.
|
-
|
-
|
0.0
|
-0.5
|
-0.5
|
|
Goodwill, Net
|
1.6
|
0.5
|
0.6
|
-
|
-
|
|
Investment in Equity Accounted Investee
|
2.6
|
2.5
|
2.1
|
2.1
|
0.7
|
|
Other LT Invest.
|
-
|
-
|
0.4
|
0.4
|
0.9
|
|
Non Current Receivables - Related Party
|
0.1
|
0.2
|
0.3
|
0.4
|
0.7
|
|
Deferred Tax Assets
|
0.1
|
0.0
|
0.0
|
0.0
|
0.0
|
|
Total Assets
|
66.5
|
50.5
|
37.1
|
31.3
|
25.6
|
|
|
|
|
|
|
|
|
Trade Payable
|
1.4
|
1.6
|
1.5
|
0.8
|
0.6
|
|
Unclaim Dividend
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
|
|
Accrued Expenses
|
2.8
|
1.9
|
-
|
-
|
-
|
|
Salaries and Wages
|
0.2
|
0.1
|
0.1
|
0.2
|
-
|
|
Royalty Refund Payables
|
0.0
|
0.0
|
0.1
|
0.2
|
0.0
|
|
Payments received in advances
|
-
|
-
|
0.2
|
0.1
|
0.0
|
|
Freight Payables
|
0.3
|
0.4
|
-
|
-
|
-
|
|
Payable from Fair Valuation of Inter Com
|
0.0
|
0.0
|
0.2
|
0.2
|
0.2
|
|
Acc./Dep./Other
|
-
|
-
|
1.8
|
2.4
|
1.6
|
|
Amounts Due to Related Parties
|
5.7
|
0.9
|
1.3
|
1.1
|
0.8
|
|
Due to Associate
|
-
|
-
|
0.0
|
-
|
-
|
|
Income Tax Payable
|
1.0
|
0.4
|
0.6
|
0.7
|
0.5
|
|
Cur. Portion of LT Debt/Capital Lease
|
1.5
|
0.7
|
-
|
-
|
-
|
|
Other Current Financial Liabilities
|
0.0
|
0.5
|
-
|
-
|
-
|
|
Interest Bearing Loans and Borrowings
|
-
|
-
|
3.8
|
2.2
|
4.1
|
|
Other Current Liabilities
|
0.2
|
0.1
|
-
|
-
|
-
|
|
Liabilities Held For Sale
|
-
|
-
|
-
|
-
|
0.0
|
|
ST Debt & Notes Payable
|
7.9
|
8.1
|
-
|
-
|
-
|
|
ST Debt & Notes Payable
|
1.8
|
1.5
|
-
|
-
|
-
|
|
Total Current Liabilities
|
22.9
|
16.3
|
9.7
|
7.9
|
7.9
|
|
|
|
|
|
|
|
|
Interest bearing loans and borrowings
|
-
|
-
|
-
|
0.4
|
1.0
|
|
Finance Lease Obligations
|
-
|
-
|
0.0
|
0.0
|
0.0
|
|
Loans/Borrowings
|
4.9
|
2.9
|
0.1
|
-
|
-
|
|
Total Long Term Debt
|
4.9
|
2.9
|
0.1
|
0.4
|
1.0
|
|
|
|
|
|
|
|
|
Deferred Tax
|
0.2
|
0.1
|
0.1
|
0.1
|
0.1
|
|
Retirement Benefit obligation
|
1.2
|
1.0
|
0.8
|
0.7
|
0.6
|
|
Minority Interest.
|
2.7
|
2.1
|
2.3
|
2.0
|
1.7
|
|
Deferred income
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
|
|
Total Liabilities
|
32.0
|
22.4
|
13.0
|
11.1
|
11.3
|
|
|
|
|
|
|
|
|
Share Capital
|
2.6
|
2.6
|
3.0
|
2.9
|
2.6
|
|
Share Premium
|
-
|
-
|
-
|
-
|
0.3
|
|
Capital Reserve
|
2.9
|
2.3
|
-
|
-
|
-
|
|
Land Rev. Res.
|
-
|
-
|
1.7
|
1.6
|
0.8
|
|
Available for Sale reserve
|
3.2
|
2.9
|
-
|
-
|
-
|
|
Res. on Amalgam.
|
-
|
-
|
0.2
|
0.2
|
0.2
|
|
Legal Reserve
|
-
|
-
|
0.1
|
0.1
|
0.1
|
|
General Reserve
|
4.1
|
4.1
|
4.7
|
4.5
|
4.4
|
|
Exchange Fluctuation Reserve
|
3.1
|
2.4
|
2.5
|
2.1
|
1.6
|
|
Retained Earnings
|
18.6
|
13.8
|
11.9
|
8.8
|
4.4
|
|
Total Equity
|
34.6
|
28.1
|
24.1
|
20.2
|
14.3
|
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity
|
66.5
|
50.5
|
37.1
|
31.3
|
25.6
|
|
|
|
|
|
|
|
|
S/O-Fully Paid Ord. Shrs
|
29.7
|
29.7
|
29.7
|
29.7
|
29.7
|
|
Total Common Shares Outstanding
|
29.7
|
29.7
|
29.7
|
29.7
|
29.7
|
|
T/S-Fully Paid Ord. Shrs
|
0.0
|
0.0
|
-
|
-
|
-
|
|
Deferred income
|
0.0
|
0.0
|
-
|
-
|
-
|
|
Deferred Revenue- LongTerm
|
-
|
-
|
0.0
|
0.0
|
0.0
|
|
Deferred Revenue- Current
|
-
|
-
|
0.2
|
0.1
|
0.0
|
|
Acc Amort/Imp Computer Software
|
0.3
|
0.0
|
-
|
-
|
-
|
|
Accumulated Intangible Amortization
|
-
|
-
|
0.0
|
0.5
|
0.5
|
|
Full-Time Employees
|
1,039
|
869
|
877
|
753
|
710
|
|
Number of Common Shareholders
|
2,097
|
-
|
2,456
|
2,331
|
1,886
|
|
LongTerm Debt Maturing within 1 Year
|
1.4
|
0.7
|
0.1
|
0.3
|
0.6
|
|
LongTerm Debt Maturing 2-5 Yrs
|
3.3
|
2.0
|
0.0
|
0.1
|
0.5
|
|
LongTerm Debt Maturing Thereafter
|
0.2
|
0.2
|
0.0
|
0.0
|
0.0
|
|
Total Long Term Debt, Supplemental
|
4.9
|
2.9
|
0.1
|
0.4
|
1.0
|
|
Finance Lease Payable Within 2 Years
|
-
|
-
|
-
|
0.0
|
0.0
|
|
Finance Lease Payable Within 2-5 Years
|
-
|
-
|
-
|
0.0
|
0.0
|
|
Finance Lease Payable after 5 Years
|
-
|
-
|
-
|
0.0
|
0.0
|
|
Total Capital Leases, Supplemental
|
-
|
-
|
-
|
0.0
|
0.0
|
|
Unfunded Gratuity
|
1.2
|
1.0
|
0.8
|
0.7
|
0.7
|
|
Total Funded Status
|
-1.2
|
-1.0
|
-0.8
|
-0.7
|
-0.7
|
|
Discount Rate
|
11.00%
|
11.00%
|
11.00%
|
11.00%
|
15.00%
|
|
Compensation Rate
|
10.00%
|
10.00%
|
10.00%
|
10.00%
|
14.00%
|
|
Provision - Benefits
|
-1.2
|
-1.0
|
-0.8
|
-0.7
|
-0.6
|
|
Net Assets Recognized on Balance Sheet
|
-1.2
|
-1.0
|
-0.8
|
-0.7
|
-0.6
|
|
|
31-Mar-2013
|
31-Mar-2012
|
31-Mar-2011
|
31-Mar-2010
|
31-Mar-2009
|
|
Period Length
|
12 Months
|
12 Months
|
12 Months
|
12 Months
|
12 Months
|
|
UpdateType/Date
|
Updated Normal
31-Mar-2013
|
Reclassified
Normal
31-Mar-2013
|
Updated Normal
31-Mar-2011
|
Updated Normal
31-Mar-2010
|
Updated Normal
31-Mar-2009
|
|
Filed Currency
|
LKR
|
LKR
|
LKR
|
LKR
|
LKR
|
|
Exchange Rate (Period Average)
|
129.576728
|
112.569538
|
112.156148
|
115.030068
|
109.87627
|
|
Auditor
|
Ernst & Young
Chartered Accountants (Zimbabwe)
|
Ernst &
Young Chartered Accountants (Zimbabwe)
|
Ernst &
Young Chartered Accountants (Zimbabwe)
|
KPMG Ford Rhodes
Thornton & Company
|
KPMG Ford Rhodes
Thornton & Company
|
|
Auditor Opinion
|
Unqualified
|
Unqualified
|
Unqualified
|
Unqualified
|
Unqualified
|
|
|
|
|
|
|
|
|
Net Income
|
9.4
|
5.8
|
6.5
|
7.1
|
3.3
|
|
Depreciation
|
1.4
|
1.0
|
0.8
|
0.8
|
1.0
|
|
(Income)/Loss from Equity Accounted Inve
|
0.0
|
-0.1
|
-0.2
|
-1.3
|
0.1
|
|
Discontinued operations
|
-
|
-
|
-
|
0.0
|
0.1
|
|
Gain on disposal of long-term investment
|
-
|
-
|
0.0
|
0.0
|
0.0
|
|
(Gain)/Loss on Disposal of Property, Pla
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
|
|
Gain on partial disposal of investment i
|
-
|
-
|
-
|
0.0
|
-0.3
|
|
Gain on Disposal of Investment
|
-
|
-
|
-
|
-
|
0.0
|
|
Amortization of Non Current Financial As
|
0.0
|
0.0
|
-
|
-
|
-
|
|
Finance Cost
|
1.5
|
2.2
|
-
|
-
|
-
|
|
(Gain)/Loss on Translation of Foreign Cu
|
-0.7
|
-0.7
|
0.4
|
0.0
|
0.1
|
|
Gain on disposal of property, plant & eq
|
-
|
-
|
-
|
0.0
|
-0.3
|
|
Financing Income
|
-0.8
|
-0.1
|
-0.5
|
0.1
|
0.4
|
|
Amortisation of Intangible Assets
|
0.2
|
0.0
|
-
|
-
|
-
|
|
Amortization of Deferred Income
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
|
|
Exchange Difference Translation
|
0.5
|
0.3
|
0.3
|
0.4
|
-0.5
|
|
Impairment on Capitel Work in Progress
|
-
|
-
|
0.0
|
0.0
|
0.2
|
|
Reversal of compensation payable
|
-
|
-
|
-
|
0.0
|
-0.1
|
|
Software development cost written off
|
-
|
-
|
-
|
0.0
|
0.1
|
|
Prov for Fall in Investment
|
-
|
-
|
-
|
-
|
0.0
|
|
Provision for Slow Moving Inventories
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
|
|
Provision for Profit Inventories
|
0.0
|
0.1
|
0.0
|
0.0
|
0.0
|
|
Provision/ reversal of Bad & Doubtful D
|
0.0
|
0.0
|
0.0
|
0.0
|
0.1
|
|
Provision for Retiring Gratuity
|
0.3
|
0.5
|
0.2
|
0.1
|
0.2
|
|
Increase)/decrease in trade and other re
|
-2.8
|
-3.3
|
-2.0
|
-0.4
|
-0.6
|
|
Increase in amounts receivable from rela
|
0.1
|
0.0
|
0.3
|
0.0
|
0.0
|
|
Inventories
|
-1.5
|
-8.5
|
-0.2
|
-2.7
|
-0.7
|
|
Trade & Other Payables
|
0.7
|
0.9
|
0.0
|
1.4
|
0.4
|
|
Increase in amounts to related parties
|
1.5
|
-0.2
|
0.1
|
0.3
|
0.0
|
|
Dividend Income- Subsidiaries
|
0.0
|
0.0
|
-
|
-
|
-
|
|
Interest paid
|
-0.8
|
-0.5
|
-0.2
|
-0.4
|
-0.6
|
|
Income taxes paid
|
-0.9
|
-1.3
|
-1.3
|
-1.1
|
-0.2
|
|
Retiring Gratuity
|
-0.1
|
0.0
|
-0.1
|
-0.1
|
-0.1
|
|
Adjustment
|
-
|
-
|
0.0
|
-
|
-
|
|
Cash from Operating Activities
|
7.9
|
-4.0
|
3.9
|
4.3
|
2.3
|
|
|
|
|
|
|
|
|
Acq. Subsidiary
|
-0.8
|
0.0
|
-
|
-
|
-
|
|
Capital Expenditures
|
-5.1
|
-6.3
|
-3.1
|
-0.5
|
-0.6
|
|
Acquisition of Intangible Assets
|
0.0
|
-0.6
|
-
|
-
|
-
|
|
Sale Prop/Plant/Eq.
|
0.1
|
0.1
|
0.1
|
0.0
|
0.1
|
|
Disposal of Long Term Investment
|
-
|
-
|
0.0
|
0.5
|
0.0
|
|
Investment in Subsidiaries
|
-0.8
|
0.0
|
0.0
|
-
|
-
|
|
Investment in long-term securities
|
-
|
-
|
-
|
0.0
|
-0.5
|
|
Sale proceeds from discontinued operatio
|
-
|
-
|
-
|
0.0
|
1.0
|
|
Proceeds from partial disposal of subsid
|
-
|
-
|
-
|
0.0
|
0.5
|
|
Proceeds from Share Buyback
|
-
|
-
|
0.0
|
0.2
|
0.0
|
|
Other LT Investments
|
-
|
-
|
-
|
-
|
0.0
|
|
Interest Received
|
0.1
|
0.1
|
0.2
|
0.2
|
0.1
|
|
Government Grant Received
|
-
|
-
|
-
|
-
|
0.0
|
|
Dividend. from Equity Accounted Investe
|
0.0
|
0.0
|
0.3
|
0.0
|
0.0
|
|
Other Dividends
|
0.3
|
0.1
|
0.1
|
0.2
|
0.1
|
|
Pay Min. Shareholder
|
-
|
-
|
-0.5
|
-0.3
|
-0.4
|
|
Cash from Investing Activities
|
-6.2
|
-6.7
|
-2.9
|
0.3
|
0.2
|
|
|
|
|
|
|
|
|
Term Loans Obtained
|
-
|
-
|
-
|
-
|
0.0
|
|
Proceeds from LT Loans
|
3.7
|
3.8
|
-
|
-
|
-
|
|
Repay. Term Loan
|
-1.6
|
-0.5
|
-0.6
|
-0.8
|
-1.3
|
|
Capital Repayment of Finance Lease
|
-
|
-
|
0.0
|
0.0
|
0.0
|
|
Transaction Cost On Issue of Shares
|
0.0
|
0.0
|
-
|
-
|
-
|
|
Cash Dividends Paid to Non Controlling
|
-0.3
|
-0.4
|
-
|
-
|
-
|
|
Dividends Paid
|
-2.2
|
-0.5
|
-1.6
|
-1.2
|
-0.3
|
|
Cash from Financing Activities
|
-0.4
|
2.3
|
-2.2
|
-2.0
|
-1.6
|
|
|
|
|
|
|
|
|
Net Change in Cash
|
1.4
|
-8.4
|
-1.1
|
2.6
|
0.9
|
|
|
|
|
|
|
|
|
Cash Interest Paid
|
0.8
|
0.5
|
0.2
|
0.4
|
0.6
|
|
Cash Taxes Paid
|
0.9
|
1.3
|
1.3
|
1.1
|
0.2
|
|
Net Cash - Beginning Balance
|
-7.7
|
-0.5
|
0.6
|
-2.0
|
-3.0
|
|
Cash and cash equivalents at the end of
|
-6.3
|
-8.9
|
-0.5
|
0.6
|
-2.1
|