|
|
Balance Sheet as at 30June, 2008
|
CURRENT ASSETS |
Notes |
30 June
2008 |
31 Dec
2007 |
Cash and bank balances |
|
1,047,452 |
1,017,179 |
Short-term deposits |
|
4,955,455 |
3,895,004 |
Receivables |
|
1,125,342 |
947,414 |
Inventories |
|
49,187 |
62,777 |
Prepayments and other receivables |
|
143,456 |
174,962 |
TOTAL CURRENT ASSETS |
|
7,320,892 |
6,097,336 |
NON-CURRENT ASSETS |
|
|
|
Available-for-sale investments |
|
4,695,591 |
4,289,056 |
Investment in associate company |
|
2,481,310 |
2,262,312 |
Investment property |
|
1,309,180 |
1,320,073 |
Property and equipment |
|
12,014,055 |
12,112,142 |
TOTAL ASSETS |
|
27,821,028 |
26,080,919 |
CURRENT LIABILITIES |
|
|
|
Trade and other payables |
|
494,939 |
355,833 |
Dividends payable |
|
80,456 |
- |
Accrued expenses |
|
1,027,275 |
1,066,880 |
Unclaimed dividends for prior years |
|
213,957 |
231,757 |
TOTAL CURRENT LIABILITIES |
|
1,816,627 |
1,654,470 |
NON-CURRENT LIABILITIES |
|
|
|
Provision for employees’ benefits |
|
192,309 |
172,274 |
| TOTAL LIABILITIES |
|
2,008,936 |
1,826,744 |
TOTAL NET ASSETS |
|
25,812,092 |
24,254,175 |
EQUITY |
|
|
|
Share capital |
|
7,200,000 |
7,200,000 |
| Treasury shares |
|
(704,756) |
(704,756) |
Reserves and retained earnings |
|
19,316,848 |
17,758,931 |
TOTAL EQUITY |
|
25,812,092 |
24,254,175 |
|
|
|
|
|
| |
Three months ended
30 June |
Three months ended
30 June |
Six months ended
30 June |
Six months ended
30 June |
| |
2008
(Reviewed) |
2007
(Reviewed) |
2008
(Reviewed) |
2007
(Reviewed) |
| HOTEL OPERATIONS |
|
|
|
|
Sales
|
2,721,406 |
2,269,385 |
5,089,191 |
4,327,424 |
Operating Costs
|
(1,411,638) |
(1,267,977) |
(2,649,574) |
(2,406,054) |
PROFIT BEFORE DEPRECIATION
|
1,309,768 |
1,001,408 |
2,439,617 |
1,921,370 |
Depreciation of Hotel and Conference Center
|
(283,940) |
(266,736) |
(564,538) |
(536,572) |
| NET PROFIT FROM HOTEL OPERATIONS |
1,025,828 |
734,672 |
1,875,079 |
1,384,798 |
|
| INVESTMENT INCOME/ EXPENSES |
| Dividend Income |
13,813 |
12,375 |
148,355 |
140,967 |
Gain on sale of investments
|
6,920 |
10,745 |
18,280 |
10,745 |
Share of profit of associate
|
302,664 |
215,999 |
518,998 |
403,081 |
Interest on short-term fixed deposits
|
14,530 |
37,836 |
54,446 |
65,265 |
Property Income
|
63,349 |
55,610 |
123,299 |
112,594 |
Property Expenses
|
(10,681) |
(10,763) |
(16,782) |
(14,419) |
Depreciation of Investment Property
|
(12,347) |
(14,379) |
(24,728) |
(28,758) |
Foreign Exchange Translation Adjustment
|
1,705 |
6,119 |
(1,791) |
7,664 |
Other Income
|
27,470 |
22,828 |
38,016 |
34,257 |
NET INVESTMENT INCOME
|
407,423 |
336,370 |
858,093 |
731,396 |
| General and Administration expenses |
(78,202) |
(58,003) |
(204,546) |
(156,517) |
| |
|
|
|
|
| |
(78,202) |
(58,003) |
(204,546) |
(156,517) |
NET PROFIT FOR THE PERIOD
|
1,355,049 |
1,013,039 |
2,528,626 |
1,959,677 |
Earning per share of 100 fils for the period
|
20.3 fils |
15.2 fils |
38 fils |
29.4 fils |
|
| |
|
|
|
