HAYLEYS FIBRE PLC
INTERIM FINANCIAL STATEMENTS FOR THE
YEAR ENDED 31ST MARCH 2019
LEGAL FORM BANKERS
A Public Limited Company Hatton National Bank PLC
Incorporated in Sri Lanka in 1987 Hongkong and Shanghai Banking Corporation Ltd
Company Number PQ 21 Standard Chartered Bank
Seylan Bank PLC
People's Bank
Deutsche Bank
THE STOCK EXCHANGE LISTING Cargills Bank
The ordinary shares of the company are listed with the Colombo Stock National Development Bank PLC
Exchange of Sri Lanka
DIRECTORS AUDITORS
A. M. Pandithage - Chairman Ernst & Young
H. S. R. Kariyawasan - Managing Director Chartered Accountants,
Dr. S. A. B. Ekanayake 201, De Saram Place
S. C. Ganegoda P.O. Box. 101, Colombo.
T. G. Thoradeniya Sri Lanka.
K. S. Padiwita
M. I. L. Perera LEGAL ADVISORS
Dr. T. K. D. A. P. Samarasinghe Corporate Legal Department
L. A. K. I. Kodytuakku Julius & Creasy - Attorneys At Law
D. K. De Silva Wijeyeratne
M. C. Sampath
W. A. K. Kumara (Appointed w.e.f. 06/08/2018)
REGISTERED OFFICE
Hayleys Building
400, Deans Road, Colombo 10, Sri Lanka. SECRETARIES
Telephone :(94-11) 2627000 Hayleys Group Services (Pvt) Limited
Fax:(94-11) 2699299 No. 400, Deans Road, Colombo 10, Sri Lanka.
Telephone : (94-11) 2627650
Fascimile : (94-11) 2627645
E-mail : [email protected]
FACTORY OFFICE
131, Minuwangoda Road, Ekala, Sri Lanka
Telephone : (94-11)2232939
Fax: (94-11) 2232941
E-mail : [email protected]
Web Site : www.hayleysfibre.com Please direct any queries about the administration of
shareholding to the Company Secretaries.
CORPORATE INFORMATION
HAYLEYS FIBRE PLC 1
Unaudited Audited Unaudited Audited
As at 31st Mar 31st Mar 31st Mar 31st Mar
2019 2018 2019 2018
Note Rs.'000 Rs.'000 Rs.'000 Rs.'000
ASSETS
Non-Current Assets
Property, Plant & Equipment 213,088 72,290 104,012 72,290 #REF!
Intangible Assets 8,019 - - -
Investment in Subsidiary - - 225,000 -
Investment in Equity Accounted Investee 78,720 67,128 78,720 67,128 #REF!
Other Non Current Financial Assets 97,596 94,576 97,596 94,576 #REF!
Deferred Tax Assets 16,956 - - -
Total Non Current Assets 414,379 233,994 505,328 233,994
Current Assets
Inventories 90,161 45,717 66,076 45,717 #REF!
Trade and Other Receivables 177,098 65,486 173,786 65,486 #REF!
Other Current Assets 11,288 7,506 3,288 7,506 #REF!
Income Tax Recoverable 307 - - -
Amounts Due from Other Related Companies 15,323 3,121 13,488 3,121 #REF!
Amounts Due from Joint Venture 1,231 2,443 1,231 2,443 #REF!
Short Term Deposits 405,000 529,790 250,000 529,790 #REF!
Cash in Hand and at Bank 35,193 8,004 26,068 8,004 #REF!
Total Current Assets 735,601 662,067 533,937 662,067
Total Assets 1,149,980 896,061 1,039,265 896,061
EQUITY AND LIABILITIES
Equity
Stated Capital 2 80,000 80,000 80,000 80,000 #REF!
Other Component of Equity 81,297 73,151 81,297 73,151 #REF!
Amalgamation Reserves 50,625 50,625 50,625 50,625 #REF!
Revenue Reserves 688,101 595,914 688,101 595,914 #REF!
Equity Attributable to Equity Holders of the Company 900,023 799,690 900,023 799,690
Non-Controlling Interests 76,236 - - -
Total Equity 976,259 799,690 900,023 799,690
Non-Current Liabilities
Deferred Tax Liabilities 14,403 5,031 14,403 5,031 #REF!
Retirement Benefit Obligations 16,974 18,582 16,974 18,582 #REF!
Total Non-Current Liabilities 31,377 23,613 31,377 23,613
Current Liabilities
Trade and Other Payables 103,883 47,580 83,958 47,580 #REF!
Other Current Liabilities 4,578 3,723 4,578 3,723 #REF!
Amount Due to Other Related Companies 28,617 5,764 14,063 5,764 #REF!
Income Tax Payable 4,001 2,809 4,001 2,809 #REF!
Interest Bearing Borrowings 1,265 12,882 1,265 12,882 #REF!
Total Current Liabilities 142,344 72,758 107,865 72,758
Total Liabilities 173,721 96,371 139,242 96,371
Total Equity and Liabilities 1,149,980 896,061 1,039,265 896,061
Net Assets per Share (Rs.) 112.50 99.96 112.50 99.96
-
Sgd.
M. C. Sampath
Chief Financial Officer
Figures in brackets indicate deductions.
The above figures are provisional and subject to audit.
The Board of Directors is responsible for these financial statements.
Signed for and on behalf of the Board by,
Sgd.
A. M. Pandithage H. S. R. Kariyawasan
Chairman Managing Director
3rd May 2019
Colombo
Interim Financial Statements For the Year Ended 31st March 2019
Sgd.
STATEMENT OF FINANCIAL POSITION
I certify that the financial statements of the company comply with the requirements of the Companies Act No 7 of 2007.
CompanyGroup
HAYLEYS FIBRE PLC 2
Unaudited Audited Unaudited Audited
31st Mar 31st Mar Six Months 31st Mar 31st Mar
2019 2018 VarianceEnded 2019 2018 Variance
Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000
Revenue 886,099 562,659 323,440 886,099 562,659 323,440
Cost of Sales (761,110) (489,778) (271,332) (761,110) (489,778) (271,332)
Gross Profit 124,989 72,881 52,108 124,989 72,881 52,108
Other Income 77,834 4,961 72,873 77,834 4,961 72,873
Administrative Expenses (65,513) (44,424) (21,089) (65,513) (44,424) (21,089)
Distribution Expenses (5,754) (2,121) (3,633) (5,754) (2,121) (3,633)
Other Expenses (66,724) - (66,724) (66,724) - (66,724)
Profit from Operations 64,832 31,297 33,535 64,832 31,297 33,535
Finance Income 75,511 58,216 17,295 75,511 58,216 17,295
Finance Expenses (16,403) (2,039) (14,364) (16,403) (2,039) (14,364)
Net Finance Income / (Expenses) 59,108 56,177 2,931 59,108 56,177 2,931
Share of Profit of Equity Accounted Investee (Net of Tax) 54,129 32,868 21,261 54,129 32,868 21,261
Profit Before Taxation 178,069 120,342 57,727 178,069 120,342 57,727
Tax Expenses (32,927) (19,377) (13,550) (32,927) (19,377) (13,550)
Profit for the Year 145,142 100,965 44,177 145,142 100,965 44,177
Earnings per Share (Rs.) 18.14 12.62 18.14 12.62
Share Prices
Year Ended Year Ended31/03/2019 31/03/2018
Highest Rs.110.00 Rs.92.00
Lowest Rs.60.00 Rs.61.50
Last Traded Price Rs.85.70 Rs.70.90
The Notes on pages 10 & 11 form an integral part of these Financial Statements.
Figures in brackets indicate deductions.
Interim Financial Statements For the Year Ended 31st March 2019
STATEMENT OF PROFIT OR LOSS
CompanyGroup
HAYLEYS FIBRE PLC 3
Unaudited Audited Unaudited Audited
For the Year Ended 31st Mar 31st Mar 31st Mar 31st Mar
2019 2018 2018 2018
Rs.'000 Rs.'000 Rs.'000 Rs.'000
Profit for the Year 145,142 100,965 145,142 100,965
Other Comprehensive Income
Net Gain on Available-For-Sale Financial Assets 3,020 1,528 3,020 1,528
Re-measurement Gains/(Losses) on Defined Benefit Plans 1,240 (5,764) 1,240 (5,764)
Share of Other Comprehensive Income of Equity Accounted Investee (22) (39) (22) (39)
Surplus on Revaluation of Land 5,961 - 5,961 -
Deferred Tax on Other Comprehensive Income (1,008) (2,348) (1,008) (2,348)
Other Comprehensive Income for the Year, Net of Tax 9,191 (6,623) 9,191 (6,623)
Total Comprehensive Income for the Year, Net of Tax 154,333 94,342 154,333 94,342
Figures in brackets indicate deductions.
Company
Interim Financial Statements For the Year Ended 31st March 2019
STATEMENT OF COMPREHENSIVE INCOME
Group
HAYLEYS FIBRE PLC 4
Unaudited Unaudited Unaudited Unaudited
Quarter Ended Quarter Ended Quarter Ended Quarter Ended
31st Mar 31st Mar 31st Mar 31st Mar
2019 2018 Variance 2019 2018 Variance
Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000
Revenue 177,656 198,635 (20,979) 177,656 198,635 (20,979)
Cost of Sales (139,551) (164,668) 25,117 (139,551) (164,668) 25,117
Gross Profit 38,105 33,967 4,138 38,105 33,967 4,138
Other Income 70,837 1,059 69,778 70,837 1,059 69,778
Administrative Expenses (16,985) (10,681) (6,304) (16,985) (10,681) (6,304)
Distribution Expenses (46) (546) 500 (46) (546) 500
Other Expenses (66,724) - (66,724) (66,724) - (66,724)
Profit from Operations 25,187 23,799 1,388 25,187 23,799 1,388
Finance Income 13,315 17,568 (4,253) 13,315 17,568 (4,253)
Finance Expenses (1,723) (337) (1,386) (1,723) (337) (1,386)
Net Finance Income / (Expenses) 11,592 17,231 (5,639) 11,592 17,231 (5,639)
Share of Profit of Equity Accounted Investee (Net of Income Tax) 10,518 9,463 1,055 10,518 9,463 1,055
Profit Before Taxation 47,297 50,493 (3,196) 47,297 50,493 (3,196)
Income Tax Expenses (18,273) (13,654) (4,619) (18,273) (13,654) (4,619)
Profit for the Quarter 29,024 36,839 (7,815) 29,024 36,839 (7,815)
Earnings per Share (Rs.) 3.63 4.60 3.63 4.60
Figures in brackets indicate deductions.
Share Prices 4th Quarter 4th Quarter
of 2019 of 2018
Highest Rs.110.00 Rs.82.00
Lowest Rs.73.50 Rs.68.00
Last Traded Price Rs.85.70 Rs.70.90
Interim Financial Statements For the Year Ended 31st March 2019
STATEMENT OF PROFIT OR LOSS
CompanyGroup
HAYLEYS FIBRE PLC 5
Unaudited Unaudited Unaudited Unaudited
For the Quarter Ended 31st Mar 31st Mar 31st Mar 31st Mar
2019 2018 2019 2018
Rs.'000 Rs.'000 Rs.'000 Rs.'000
Profit for the Quarter Ended 29,024 36,839 29,024 36,839
Other Comprehensive Income
Net Gain/(Loss) on Available-For-Sale Financial Assets 2,221 1,363 2,221 1,363
Surplus on Revaluation of Land5,961 - 5,961 -
Re-measurement Gains/(Losses) on Defined Benefit Plans 1,240 (5,764) 1,240 (5,764)
Share of Oher Comprehensive Income of Equity Accounted Investee (22) (39) (22) (39)
Deferred Tax on Other Comprehensive Income (1,008) (2,348) (1,008) (2,348)
Other Comprehensive Income for the Quarter ,Net of Tax 8,392 (6,788) 8,392 (6,788)
Total Comprehensive Income for the Quarter ,Net of Tax 37,416 30,051 37,416 30,051
Figures in brackets indicate deductions.
STATEMENT OF COMPREHENSIVE INCOME
Interim Financial Statements For the Year Ended 31st March 2019
CompanyGroup
HAYLEYS FIBRE PLC 6
For the Year Ended Unaudited Audited Unaudited Audited
31st Mar 31st Mar 31st Mar 31st Mar
2019 2018 2019 2018
Rs. '000 Rs. '000 Rs. '000 Rs. '000
Cash Flows from Operating Activities
Profit Before Tax 178,069 120,342 178,069 120,342 178,069.00
Adjustments for -
Share of Profit of Equity Accounted Investee (54,129) (32,868) (54,129) (32,868) (54,129.00)
Depreciation on Property, Plant & Equipment 5,050 2,346 5,050 2,346 5,050.00
(1,698) - (1,698) -
472 - 472 -
Interest Expense 5,313 1,061 5,313 1,061
Interest Income (57,676) (54,933) (57,676) (54,933) (57,676.00)
- (508) - (508)
Provision/(Reversal) for Slow Moving Inventories 987 (1,613) 987 (1,613) 987.00
Provision for Bad and Doubtful Debt 1,068 - 1,068 -
Provision for Defined Benefit Plan Cost 2,731 2,524 2,731 2,524 2,731.00
Operating Profit before Working Capital Changes 80,187 36,351 80,187 36,351 75,032.00
(Increase)/Decrease in Inventories (21,346) (16,894) (21,346) (16,894) (21,346.00)
(Increase)/ Decrease in Trade and Other Receivables (83,649) 17,038 (83,649) 17,038 (83,649.00)
(Increase)/Decrease in Due from Other Related Parties (9,155) (2,623) (9,155) (2,623) (9,155.00)
Increase/(Decrease) in Due to Other Related Parties 8,299 2,019 8,299 2,019 8,299.00
Increase /(Decrease) in Trade and Other Payables 13,233 13,472 13,233 13,472 13,233.00
Cash Generated from Operations (12,431) 49,363 (12,431) 49,363 (17,586.00)
Interest Expense (5,313) (1,061) (5,313) (1,061) (5,313.00)
Income Tax Paid (17,420) (19,509) (17,420) (19,509) (17,420.00)
Employee Benefit Paid (3,099) (4,834) (3,099) (4,834)
Net Cash Flows from Operating Activities (38,263) 23,959 (38,263) 23,959 (40,319.00)
Cash Flows from / (Used in) Investing Activities
Acquisition of Property, Plant & Equipment (32,905) (9,807) (32,905) (9,807) (32,905.00)
3,321 9 3,321 9 3,321.00
Acquision Through Business Combination - - (225,000) -
Acquisition of a subsidiary, net of cash acquired (60,875) - - -
Dividend Received - 508 - 508 -
Dividend Received from Equity Accounted Investee 15,062 15,264 15,062 15,264 15,062.00
Interest Received 57,676 54,933 57,676 54,933 57,676.00
Net Cash flows from Investing Activities (17,721) 60,907 (181,846) 60,907 43,154.00
Dividend Paid (30,000) (30,804) (30,000) (30,804)
Net Cash Flows from Financing Activities (30,000) (30,804) (30,000) (30,804)
Net Increase/(Decrease) in Cash and Cash Equivalents (85,984) 54,062 (250,109) 54,062 (250,109.00)
Cash and Cash Equivalents at the Beginning of the Year 524,912 470,850 524,912 470,850 524,912.00
Cash and Cash Equivalents at the End of the Year (Note A) 438,928 524,912 274,803 524,912 274,803.00
A. Analysis of Cash and Cash Equivalents
Cash & Bank Balance 35,193 8,004 26,068 8,004 26,068.00
Short Term Deposits 405,000 529,790 250,000 529,790
440,193 537,794 276,068 537,794
Short Term Loan and Overdrafts (1,265) (12,882) (1,265) (12,882) (1,265.00)
Cash in Hand and at Bank 438,928 524,912 274,803 524,912 24,803.00
Figures in brackets indicate deductions. -
Interim Financial Statements For the Year Ended 31st March 2019
STATEMENT OF CASH FLOW
Dividend Income
Proceeds from Sale of Property, Plant & Equipment and Investment Property
Net Gain on Disposal of Property, Plant & Equipment and Investment Property
Impairment of Property, Plant & Equipment
CompanyGroup
HAYLEYS FIBRE PLC 7
Group Amalgamation Amalgamation Retained Non-Controlling Total
Stated Revaluation Available Capital Revenue Earnings Interest
Capital Reserve for Sale Reserve Reserve Reserve
Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000
Balance as at 1st April 2017 80,000 22,540 52,238 14,000 36,625 531,945 - 737,348
Profit for the Year - - - - - 100,965 - 100,965
Net Gain on Available for Sale Financial Assets - - 1,528 - - - - 1,528
Re-measurement Gains/(Losses) on Defined Benefit Plans - - - - - (5,764) - (5,764)
Surplus on Revaluation of Land - - - - - - - -
Deferred Tax on Other Comprehensive Income - (3,155) - - - 807 - (2,348)
Share of Other Comprehensive Income of Equity Accounted Investee - - - - - (39) - (39)
Dividend Paid - - - - - (32,000) - (32,000)
Balance as at 31st March 2018 80,000 19,385 53,766 14,000 36,625 595,914 - 799,690
Balance as at 1st April 2018 80,000 19,385 53,766 14,000 36,625 595,914 - 799,690
Profit for the Year - - - - - 145,142 - 145,142
Net Gain on Available for Sale Financial Assets - - 3,020 - - - - 3,020
Re-measurement Gains/(Losses) on Defined Benefit Plans - - - - - 1,240 - 1,240
Surplus on Revaluation of Land - 5,961 - - - - - 5,961
Deferred Tax on Other Comprehensive Income - (835) - - - (173) - (1,008)
Share of Other Comprehensive Income of Equity Accounted Investee - - - - - (22) - (22)
Acquisition of Non-Controlling Interest with a Change in Control - - - - - - 76,236 76,236
Dividend Paid * - - - - - (54,000) - (54,000)
Balance as at 31st March 2019 80,000 24,511 56,786 14,000 36,625 688,101 76,236 976,259
* Final dividend of Rs. 0.75 per share was paid on 6th July 2018 for the financial year 2017/2018.
* Interim Dividend of Rs.3/= per share was paid on 23rd January 2019 for the financial year 2018/2019.
* The Second Interim Dividend of Rs.3/= per share was proposed and paid on 17th April 2019 for the financial year 2018/2019.
Interim Financial Statements For the Year Ended 31st March 2019
STATEMENT OF CHANGES IN EQUITY
Attributable to Owners of the Company
Other Component of Equity`
8
Company Amalgamation Amalgamation Retained Total
Stated Revaluation Available Capital Revenue Earnings
Capital Reserve for Sale Reserve Reserve Reserve
Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000
Balance as at 1st April 2017 80,000 22,540 52,238 14,000 36,625 531,945 737,348
Profit for the Year - - - - - 100,965 100,965
Net Gain on Available for Sale Financial Assets - - 1,528 - - - 1,528
Re-measurement Gains/(Losses) on Defined Benefit Plans - - - - - (5,764) (5,764)
Surplus on revaluation of land - - - - - - -
Deferred Tax on Other Comprehensive Income - (3,155) - - - 807 (2,348)
Share of Other Comprehensive Income of Equity Accounted Investee - - - - - (39) (39)
Dividend Paid - - - - - (32,000) (32,000)
Balance as at 31st March 2018 80,000 19,385 53,766 14,000 36,625 595,914 799,690
Balance as at 1st April 2018 80,000 19,385 53,766 14,000 36,625 595,914 799,690
Profit for the Year - - - - - 145,142 145,142
Net Gain on Available for Sale Financial Assets - - 3,020 - - - 3,020
Re-measurement Gains/(Losses) on Defined Benefit Plans - - - - - 1,240 1,240
Surplus on revaluation of land - 5,961 - - - - 5,961
Deferred Tax on Other Comprehensive Income - (835) - - - (173) (1,008)
Share of other comprehensive income of equity accounted investee - - - - - (22) (22)
Dividend Paid * - - - - - (54,000) (54,000)
Balance as at 31st March 2019 80,000 24,511 56,786 14,000 36,625 688,101 900,023
* Final dividend of Rs. 0.75 per share was paid on 6th July 2018 for the financial year 2017/2018.
* Interim Dividend of Rs.3/= per share was paid on 23rd January 2019 for the financial year 2018/2019.
* The Second Interim Dividend of Rs.3/= per share was proposed and paid on 17th April 2019 for the financial year 2018/2019.
STATEMENT OF CHANGES IN EQUITY
Attributable to Owners of the Company
Other Component of Equity`
Interim Financial Statements For the Year Ended 31st March 2019
HAYLEYS FIBRE PLC 9
1
( a) SLFRS 15 Revenue from Contracts with Customers
2 Stated Capital 31st Mar 2019 31st Mar 2018
Value - ordinary shares (Rs.) 80,000,000 80,000,000
No of shares - ordinary shares 8,000,000 8,000,000
Voting rights One vote per
ordinary share
One vote per
ordinary share
3 Investment in Unquoted Equity Investment
4 Contingencies
year ended 31.03.2018.
5 Events Occurring after the Reporting Date
6 Share Trading from 1st April 2018 to 31st March 2019
No of transactions 5,119
No of shares traded 1,520,093
Value of shares traded (Rs.) 124,964,476
Accordingly, as permitted by the above SoAT, the Company has prepared the Interim Financial Statements for the year ended 31st March 2019
based on LKAS 39.
Interim Financial Statements For the Year Ended 31st March 2019
The Second Interim Dividend of Rs. 3/= per share was proposed and paid on 17th April 2019 for the financial year
2018/2019.There have been no any other material events occurred after the reporting date, that require adjustments to or
disclosure in the Financial Statements.
Notes to the Financial Statements
There has not been a significant change in the nature of contingent liabilities, which were disclosed in the Annual Report for the
The Interim Financial Statements of the Company have been prepared on the basis of the same accounting policies and methods applied for
the year ended 31st March 2018 and comply with the Sri Lanka Accounting Standards (SLFRS/LKAS). They also provide the information
required by the Colombo Stock Exchange and LKAS 34 - Interim Financial Reporting for the year ended 31 March 2018, except for the
adoption of new standards effective as of 1 April 2018 as detailed below,
SLFRS 15 establishes a five-step model to account for revenue arising from contracts with customers. Under SLFRS 15, revenue is recognized
at an amount that reflects the consideration to which an entity expects to be entitled in exchange for transferring goods or services to a
customer. The new revenue standard will supersede all current revenue recognition requirements under SLFRS.
( b) SLFRS 9 Financial Instruments
SLFRS 9 brings together all three aspects of the accounting for financial instruments project: classification and measurement, impairment and
hedge accounting. SLFRS 9 is effective for annual periods beginning on or after 1 January 2018. However, paragraph 7.2.16 of SLFRS 9
permits an entity not to apply the requirements of this Standard to interim periods prior to the date of initial application, if it is impracticable.
Based on the “Statement of Alternative Treatment (SoAT) on the Figures in the Interim Financial Statements” issued by The Institute of
Chartered Accountants of Sri Lanka, entities are granted with the option to prepare Interim Financial Statements continuing the application of
LKAS 39 with disclosures on impact to the Income Statement and Statement of Profit or Loss and Other Comprehensive Income for the period
if SLFRS 9 has been applied.
On 30th March 2019, Hayleys Fibre PLC acquired 76% holding in Creative Polymats (Pvt) Ltd, an unlisted sister company based
in Dankotuwa Industrial Zone, by investing Rs. 225Mn.
The plant in Creative Polymats (Pvt) Ltd, will produce Polyurethane (PU) mattresses and foam for local markets. This project
emanates as the part of Company’s diversification strategy and the new business is scheduled to start its local market-based
operation.
As a result of the above transaction, Hayleys Fibre PLC prepares consolidated financial statements. The consolidated statement of
profit or loss, statement of other comprehensive income and notes thereof reflect same amounts as presented in parent company
due to the absence of post-acquisition transactions occurred after the date of acquisition affecting such financial statements.
HAYLEYS FIBRE PLC 10
7 Twenty Largest Shareholders as at 31st Mar
2019
No of Shares %
1 Hayleys PLC No. 3 Share Investment A/C 5,200,000 65.00
2 Seylan Bank PLC / Mr. K. L. G. Udayananda 148,401 1.86
3 New Benson Trading (Pvt) Ltd 110,000 1.38
4 People's Merchant Finance PLC / J. P. N. P. K. Jayasekera 89,235 1.12
5 Mr. S. Srikanthan & Mrs. S. Srikanthan 76,000 0.95
6 Dr. D. Jayanntha 56,900 0.71
7 Bansei Securities Capital (Pvt) Ltd / J. P. N. P. K. Jayasekera 56,314 0.70
8 Mrs. M. J. Nihara 50,568 0.63
9 Ceylinco Limited A/C No.01 50,000 0.63
10 Mr. A. R. Ibrahim 47,500 0.59
11 Mr. J. P. R. Karunarathne 36,726 0.46
12 MBSL / Mr. N. K. C. J. De Silva 31,564 0.39
13 Mr. R. E. Rambukwella 31,179 0.39
14 Bansei Securities Capital (Pvt) Ltd / C. J. Gunarathna 30,296 0.38
15 People's Leasing & Finance PLC / Mr. D. N. Perera 26,680 0.33
16 Mr. N. K. A. D. De Silva 26,210 0.33
17 Miss. P. Navaratnam 26,052 0.33
18 Mrs. L.P. Thenabadu & Mr. S.K. Thenabadu 23,832 0.30
19 Dr. A.K.A. Jayawardene 22,042 0.28
20 Mr. T.D. De Jonk 20,653 0.26
Total 6,160,152 77.00
8 Director's Shareholdings as at 31st Mar 31st Mar
2019 2018
No of Shares No of Shares
MR. A. M. PANDITHAGE 320 320
MR. H. S. R. KARIYAWASAN NIL NIL
DR. S. A. B. EKANAYAKE NIL NIL
MR. S. C. GANEGODA 608 608
MR. T. G. THORADENIYA NIL NIL
MR. K. S. PADIWITA 1,280 1,280
MR. M. I. L. PERERA NIL NIL
DR. T. K. D. A. P. SAMARASINGHE NIL NIL
MR. L. A. K. I. KODYTUAKKU NIL NIL
MR. D. K. DE SILVA WIJEYERATNE NIL NIL
MR. M. C. SAMPATH NIL NIL
MR. W. A. K. KUMARA NIL NIL
9 Public Holding
Percentage of Public Holding 34.97%
Total No. of Shareholders Representing Public Holding 4,283
Float-Adjusted Market Capitalization 239,754,320
10 There were no non voting shares as at 31st March 2019
Name
Interim Financial Statements For the Year Ended 31st March 2019
NOTES TO THE FINANCIAL STATEMENTS
The Company complies with option 5 of the Listing Rules 7.13.1 (a) – Less than Rs.2.5 Bn Float Adjusted Market Capitalization which requires 20% minimum Public Holding.
Name of the Director
HAYLEYS FIBRE PLC 11