|
Condensed Balance Sheet as at September 30, 2007
| CURRENT ASSETS |
30 September 2007
(Reviewed) |
31 December 2006
(Audited) |
| Cash and Bank balances |
913,668 |
925,100 |
| Short-term Fixed Deposits |
3,261,533 |
1,916,025 |
| Trade Receivables |
672,073 |
772,576 |
| Inventories |
50,473 |
73,984 |
| Other Current Assets |
285,057 |
165,967 |
| TOTAL CURRENT ASSETS |
5,182,804 |
3,853,652 |
|
| NON-CURRENT ASSETS |
| Available for Sale Investments |
4,398,053 |
4,359,964 |
| Investments in associat |
1,931,649 |
1,678,238 |
| Investment Property |
1,334,451 |
1,377,588 |
| Property, plant and equipment |
12,083,639 |
12,207,771 |
| TOTAL ASSETS |
24,930,596 |
23,477,213 |
|
| CURRENT LIABILITIES |
| Trade payables |
352,923 |
479,488 |
| Dividend payable |
45,576 |
- |
| Accrued Expenses |
883,055 |
836,304 |
| Unclaimed dividends for prior years |
188,330 |
189,821 |
| TOTAL CURRENT LIABILITIES |
1,469,884 |
1,505,613 |
| NON CURRENT LIABILITIES |
|
|
| Provision for Employees' Benefit |
160,534 |
145,224 |
| TOTAL LIABILITIES |
1,630,418 |
1,650,837 |
| TOTAL NET ASSETS |
23,300,178 |
21,826,376 |
|
| EQUITY |
| Share Capital |
6,495,244 |
6,545,209 |
| Reserves and Retained Earnings |
16,804,934 |
15,281,167 |
| TOTAL EQUITY |
23,300,178 |
21,826,376 |
|
|
|
|
| HOTEL OPERATIONS |
Three
months
ended 30 Sept
2007
(Reviewed) |
Three months
ended 30 Sept
2006
(Reviewed) |
Nine months
ended 30 Sept
2007
(Reviewed) |
Nine months
ended 30 Sept
2006
Reviewed) |
Sales
|
1,404,456 |
1,426,425 |
5,731,880 |
5,074,561 |
Operating Costs
|
(1,025,824) |
(984,222) |
(3,431,878) |
(3,073,880) |
PROFIT BEFORE DEPRECIATION
|
378,632 |
442,203 |
2,300,002 |
2,000,681 |
Depreciation of Hotel and Conference Center
|
(268,992) |
(244,009) |
(805,564) |
(738,452) |
NET PROFIT FROM HOTEL OPERATIONS
|
109,640 |
198,194 |
1,494,438 |
1,262,229 |
| INVESTMENT INCOME / ( EXPENSES) |
Dividend Income
|
68,982 |
72,640 |
209,949 |
188,990 |
Profit / (Loss) on sale of investments
|
258 |
(133,770) |
11,003 |
(198,682) |
Income from associate
|
220,332 |
185,328 |
623,413 |
578,995 |
| Interest income on short-term fixed deposits |
42,557 |
16,814 |
107,822 |
37,545 |
Property income
|
57,582 |
57,645 |
170,176 |
168,248 |
Property
expenses
|
(4,771) |
(3,457) |
(19,190) |
(17,557) |
Depreciation of investment property
|
(14,379) |
(14,379) |
(43,137) |
(43,144) |
Foreign exchange translation adjustments
|
6,250 |
(5,889) |
13,914 |
22,944 |
Other Income
|
19,812 |
16,735 |
54,069 |
44,820 |
NET INVESTMENT INCOME
|
396,623 |
191,667 |
1,128,019 |
782,159 |
| General and Administration expenses |
(57,450) |
(55,866) |
(213,967) |
(194,817) |
| |
(57,450) |
(55,866) |
(213,967) |
(194,817) |
|
|
|
|
|
TOTAL NET PROFIT FOR THE PERIOD
|
448,813 |
333,995 |
2,408,490 |
1,849,571 |
Earning per share of 100 fils for the period
|
6.7 Fils |
5.0 Fils |
36.2 Fils |
27.7 Fils |
|
| |
|
|
