hayleys fibre plc...legal form bankers a public limited company hatton national bank plc...

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


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.



STATEMENT OF PROFIT OR LOSS

CompanyGroup

HAYLEYS FIBRE PLC 3


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


Company


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


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


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


STATEMENT OF COMPREHENSIVE INCOME


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. -


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.


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`


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.


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


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

hayleys fibre plc...legal form bankers a public limited company hatton national bank plc...

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