|
Condensed Balance Sheet as at September 30, 2008
| CURRENT ASSETS |
30 September 2008
(Reviewed) |
31 December 2007
(Audited) |
| Cash and Bank balances |
884,310 |
1,017,179 |
| Short-term Deposits |
5,518,787 |
3,895,004 |
| Receivables |
869,407 |
947,414 |
| Inventories |
58,582 |
62,777 |
| Payments and other receivables |
154,607 |
174,962 |
| TOTAL CURRENT ASSETS |
7,485,693 |
6,097,336 |
|
| NON-CURRENT ASSETS |
| Available for Sale Investments |
4,620,896 |
4,289,056 |
| Investments in associate company |
2,571,642 |
2,262,312 |
| Investment Property |
1,299,180 |
1,320,073 |
| Property and equipment |
12,195,271 |
12,112,142 |
| TOTAL ASSETS |
28,172,682 |
26,080,919 |
|
| CURRENT LIABILITIES |
| Trade and other payables |
521,072 |
355,833 |
| Dividend payable |
46,559 |
43,237 |
| Accrued Expenses |
1,024,525 |
1,066,880 |
| Unclaimed dividends for prior years |
221,304 |
188,520 |
| TOTAL CURRENT LIABILITIES |
1,813,460 |
1,654,470 |
| NON CURRENT LIABILITIES |
|
|
| Provision for Employees' Benefit |
205,860 |
172,274 |
| TOTAL LIABILITIES |
2,019,320 |
1,826,744 |
| TOTAL NET ASSETS |
26,153,362 |
24,254,175 |
|
| EQUITY |
| Share Capital |
7,200,000 |
7,200,000 |
| Treasury Shares |
(718,042) |
(704,756) |
| Reserves and Retained Earnings |
19,671,404 |
17,758,931 |
| TOTAL EQUITY |
26,153,362 |
24,254,175 |
|
|
|
|
| HOTEL OPERATIONS |
Three
months
ended 30 Sept
2008
(Reviewed) |
Three months
ended 30 Sept
2007
(Reviewed) |
Nine months
ended 30 Sept
2008
(Reviewed) |
Nine months
ended 30 Sept
2007
Reviewed) |
Sales
|
1,727,463 |
1,404,456 |
6,816,654 |
5,731,880 |
Operating Costs
|
(1,191,814) |
(1,025,824) |
(3,841,388) |
(3,431,878) |
PROFIT BEFORE DEPRECIATION
|
535,649 |
378,632 |
2,975,266 |
2,300,002 |
Depreciation of Hotel and Conference Center
|
(286,594) |
(268,992) |
(851,132) |
(805,564) |
NET PROFIT FROM HOTEL OPERATIONS
|
249,055 |
109,640 |
2,124,134 |
1,494,438 |
| INVESTMENT INCOME / ( EXPENSES) |
Dividend Income
|
88,148 |
68,982 |
236,503 |
209,949 |
Gain on sale of investments
|
- |
258 |
18,280 |
11,003 |
| Share of profit of associate |
255,332 |
220,332 |
774,330 |
623,413 |
| Interest on short-term deposits |
33,751 |
42,557 |
88,197 |
107,822 |
| Property income |
67,663 |
57,582 |
190,962 |
170,176 |
| Property expenses |
(5,763) |
(4,771) |
(22,545) |
(19,190) |
| Depreciation of investment property |
(12,471) |
(14,379) |
(37,199) |
(43,137) |
| Foreign exchange translation adjustments |
(29,688) |
6,250 |
(31,479) |
13,914 |
| Other income |
24,077 |
19,812 |
62,093 |
54,069 |
NET INVESTMENT INCOME
|
421,049 |
396,623 |
1,279,142 |
1,128,019 |
| General and Administration expenses |
(75,254) |
(57,450) |
(279,800) |
(213,967) |
| |
(75,254) |
(57,450) |
(279,800) |
(213,967) |
|
|
|
|
|
NET PROFIT FOR THE PERIOD
|
594,850 |
448,813 |
3,123,476 |
2,408,490 |
| Earnings per share of 100 fils for the period |
9.0 Fils |
6.7 Fils |
47.0 Fils |
36.2 Fils |
|
| |
|
|
