|
|
Balance Sheet as at June 30, 2007
|
| |
30 June
2007 |
31 December
2006 |
| CURRENT ASSETS |
(Reviewed) |
(Auditied) |
| Cash and Bank balances |
730,872 |
925,100 |
| Short-term Fixed Deposits |
2,897,535 |
1,916,025 |
| Trade Receivables |
1,020,633 |
772,576 |
| Inventories |
50,680 |
73,984 |
| Other Current Assets |
217,192 |
165,967 |
| TOTAL CURRENT ASSETS |
4,916,912 |
3,853,652 |
|
|
| NON-CURRENT ASSETS |
| Available for Sale Investments |
4,358,712 |
4,359,964 |
| Investments in Associated |
1,861,317 |
1,678,238 |
| Investment Property |
1,348,830 |
1,377,588 |
| Property, plant and equipment |
12,059,213 |
12,207,771 |
| TOTAL ASSETS |
24,544,984 |
23,477,213 |
|
| CURRENT LIABILITIES |
| Trade payables |
397,527 |
479,488 |
| Dividend payable |
53,634 |
- |
| Accured expenses |
884,772 |
836,304 |
| Unclaimed dividends for prior years |
188,330 |
189,821 |
| TOTAL CURRENT LIABILITIES |
1,524,263 |
1,505,613 |
| NON CURRENT LIABILITIES |
|
|
| Provision for Employees Benefit |
151,151 |
145,224 |
| TOTAL LIABILITIES |
1,675,414 |
1,650,837 |
| TOTAL NET ASSETS |
22,869,570 |
21,826,376 |
|
| EQUITY |
| Share Capital |
6,545,209 |
6,545,209 |
| Reserves and Retained Earnings |
16,324,361 |
15,281,167 |
| TOTAL EQUITY |
22,869,570 |
21,826,376 |
|
|
|
|
| |
Three months ended
30 June |
Three months ended
30 June |
Six months ended
30 June |
Six months ended
30 June |
| |
2007
(Reviewed) |
2006
(Reviewed) |
2007
(Reviewed) |
2006
(Reviewed) |
| HOTEL OPERATIONS |
|
|
|
|
Sales
|
2,269,385 |
1,678,428 |
4,327,424 |
3,648,136 |
Operating Costs
|
(1,267,977) |
(1,035,869) |
(2,406,054) |
(2,089,658) |
PROFIT BEFORE DEPRECIATION
|
1,001,408 |
642,559 |
1,921,370 |
1,558,478 |
Depreciation of Hotel and Conference Center
|
(266,736) |
(233,288) |
(536,572) |
(494,443) |
| NET PROFIT FROM HOTEL OPERATIONS |
734,672 |
409,271 |
1,384,798 |
1,064,035 |
|
| INVESTMENT INCOME/ EXPENSES |
| Dividend Income |
12,375 |
9,680 |
140,967 |
116,350 |
Profit / Loss on sale of Investments
|
10,745 |
(5,022) |
10,745 |
(64,912) |
Income from Associate
|
215,999 |
213,667 |
403,081 |
393,667 |
Interest on short-term fixed deposits
|
37,836 |
11,199 |
65,265 |
20,731 |
Property Income
|
55,610 |
54,364 |
112,594 |
110,603 |
Property Expenses
|
(10,763) |
(9,749) |
(14,419) |
(14,100) |
Depreciation of Investment Property
|
(14,379) |
(14,379) |
(28,758) |
(28,765) |
Foreign Exchange Translation Adjustment
|
6,119 |
25,894 |
7,664 |
28,833 |
Other Income
|
22,828 |
18,803 |
34,257 |
28,085 |
NET INVESTMENT INCOME
|
336,370 |
304,457 |
731,396 |
590,492 |
| General and Administration expenses |
(58,003) |
(88,720) |
(156,517) |
(138,951) |
| |
|
|
|
|
| |
(58,003) |
(88,720) |
(156,517) |
(138,951) |
NET PROFIT FOR THE PERIOD
|
1,013,039 |
625,008 |
1,959,677 |
1,515,576 |
Earning per share of 100 fils for the period
|
15.2 fils |
9.4 fils |
29.4 fils |
22.7 fils |
|
|
|
|
