john keells plc - cse

John Keells PLC

Interim Condensed Financial Statements

30th June 2019

CONSOLIDATED

INCOME STATEMENT

For the three months ended 30th June 2019 2018 Change %

Continuing Operations

Services transferred over time 170,216 206,826 (18)

Revenue from contracts with customers 170,216 206,826 (18)

Cost of sales (65,092) (69,541) 6

Gross profit 105,124 137,285 (23)

Other operating income 221 30 625

Distribution expenses (1,705) (3,371) (49)

Administrative expenses (59,433) (61,905) 4

Results from operating activities 44,207 72,039 (39)

Finance costs (32,064) (24,427) (31)

Finance income 13,180 16,420 (20)

Net finance (costs) / income (18,884) (8,007) (136)

Share of results of equity-accounted investee 600 485 (24)

Profit before tax 25,923 64,517 (60)

Tax expense (14,173) (20,058) 29

Profit for the period 11,750 44,459 (74)

Attributable to :

Equity holders of the parent 14,360 45,047 (68)

Non-controlling interests (2,610) (588) (344)

11,750 44,459 (74)

Earnings per share Rs. Rs.

Basic 0.24 0.74

Dividend per share 2.00 2.30

Note : All values are in Rupees '000s, unless otherwise stated.

Figures in brackets indicate deductions.

The above figures are not audited.

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John Keells PLC

CONSOLIDATED STATEMENT OF

COMPREHENSIVE INCOME

For the three months ended 30th June 2019 2018

Profit for the period 11,750 44,459

Other comprehensive income

Other comprehensive income to be reclassified to income statement in subsequent periods

Net (Loss) on available for sale financial assets - 12,609 Net other comprehensive income to be reclassified to income statement in subsequent periods - 12,609

Other comprehensive income not to be reclassified to income statement in subsequent periods

Net (Loss)/gain on equity instrumnets at fair value through other comprehensive income (18,270) - Net other comprehensive income not to be reclassified to income statement in subsequent periods (18,270) -

Income tax on other comprehensive income 4,883 -

Other comprehensive income for the period, net of tax (13,387) 12,609

Total comprehensive income for the period, net of tax (1,637) 57,068

Attributable to :

Equity holders of the parent 973 57,656

Non-controlling interests (2,610) (588)

(1,637) 57,068




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John Keells PLC

CONSOLIDATED

STATEMENT OF FINANCIAL POSITION

As at 30th June 2019 2018

As at

31.03.2019

ASSETS

Non-current assets

Property, plant and equipment 350,452 348,274 351,075

Right of use asset 35,574 - -

Lease rental paid in advance - 36,663 35,846

Investment property 363,600 288,100 363,600

Intangible assets 3,708 - 4,063

Investments in associates 96,564 85,046 96,132

Non-current financial assets 3,022,827 2,928,352 3,053,240

Other non-current assets 8,852 9,641 9,367

Deferred tax assets 18,977 18,224 15,090

3,900,554 3,714,300 3,928,413

Current assets

Inventories 1,538 860 1,103

Trade and Other Receivables 1,551,082 2,015,632 1,775,976

Amounts due from related parties 3,986 3,083 6,050

Short Term Investment 244,137 249,428 249,348

Other current assets 8,265 5,846 8,041

Cash in hand and at bank 217,591 156,621 200,989

2,026,599 2,431,470 2,241,507

Total assets 5,927,153 6,145,770 6,169,920

EQUITY AND LIABILITIES

Equity attributable to equity holders of the parent

Stated capital 152,000 152,000 152,000

Revenue reserves 2,803,714 2,753,144 2,910,954

Other components of equity 1,036,005 1,051,856 1,045,869

3,991,719 3,957,000 4,108,823

Non-controlling interests 40,551 39,627 42,591

Total equity 4,032,270 3,996,627 4,151,414

Non-current liabilities

Deferred tax liabilities 97,960 94,276 98,693

Employee benefit liabilities 79,617 67,139 76,712

177,577 161,415 175,405

Current liabilities

Trade and other payables 509,172 716,278 667,387

Amounts due to related parties 5,844 4,793 6,123

Income tax payable 31,338 58,889 19,209

Other current liabilities 946 15,447 689

Bank overdrafts 1,170,006 1,192,321 1,149,693

1,717,306 1,987,728 1,843,101 Total equity and liabilities 5,927,153 6,145,770 6,169,920

Rs. Rs. Rs.

Net assets per share 65.65 65.08 67.58


I certify that the financial statements comply with the requirements of the Companies Act No.7 of 2007.

K D Weerasinghe

Chief Financial Officer

The Board of Directors is responsible for these financial statements.

K.N.J.Balendra J.G.A.Cooray

Chairman Director

26th July , 2019

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John Keells PLC

John Keells PLC

CONSOLIDATED

CASH FLOW STATEMENT

For the three months ended 30th June Note 2019 2018

CASH FLOWS FROM OPERATING ACTIVITIES

Profit before working capital changes A 56,896 85,672

(Increase) / Decrease in inventories (435) (199)

(Increase) / Decrease in other non-current assets 12,827 (32,770)

(Increase) / Decrease in trade and other receivables 224,622 (472,181)

(Increase) / Decrease in amounts due from related parties 2,065 (1,280)

(Increase) / Decrease in other current assets (224) (1,879)

Increase / (Decrease) in other current liabilities 258 11,037

Increase / (Decrease) in amounts due to related parties (279) 1,240

Increase / (Decrease) in trade and other payables (158,215) 25,042

Cash generated from operations 137,515 (385,318)

Interest Received 8,754 7,568

Finance expenses paid (32,064) (24,427)

Income Tax Paid (1,605) (9,618)

Gratuity paid/Transfers (Net) - (15)

Net cash flow from (Used) in operating activities 112,600 (411,810)

INVESTING ACTIVITIES

Purchase and construction of property, plant and equipment (4,555) (560)

Dividend income - FVOCI Financial Assets 4,426 8,852

Proceeds from sale of Property Plant & Equipment 207 -

Net cash flow from/(used in) investing activities 78 8,292

FINANCING ACTIVITIES

Dividend paid to equity holders (121,600) (139,840)

Net cash flow used in financing activities (121,600) (139,840)

NET (DECREASE) IN CASH AND CASH EQUIVALENTS (8,922) (543,358)

CASH AND CASH EQUIVALENTS AT THE BEGINNING (699,356) (242,914)

CASH AND CASH EQUIVALENTS AT THE END (708,278) (786,272)

ANALYSIS OF CASH AND CASH EQUIVALENTS

Favourable balances

Short Term Investment 244,137 249,428

Cash in hand and at bank 217,591 156,621

Unfavourable balances

Bank overdrafts (1,170,006) (1,192,321)

Cash and cash equivalents (708,278) (786,272)



4

CONSOLIDATED

CASH FLOW STATEMENT


A. Profit before working capital changes

Profit before tax 25,923 64,517

Adjustments for:

Share of results of equity-accounted investees (600) (485)

Interest Income (8,754) (7,568)

Dividend income - FVCOI Financial Assets (4,426) (8,852)

Finance Expenses 32,064 24,427

Depreciation of property, plant and equipment 5,270 5,753

Amortisation of intangible assets 355 -

Amortisation of right- of - use assets. 273 -

Amortisation of lease rentals paid in advance - 273

(Profit)/ Loss on Sale of Property, Plan & Equipment (207) (2)

Share base payment expenses 4,093 5,144

Gratuity provision and related costs 1,974 2,465

Other long term employee benefits 931 -

56,896 85,672



The above figures are subject to audit.

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John Keells PLC

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Stated Revenue Revaluation Fair value reserve Other Total Non-controlling Total

capital reserves reserves of financial assets capital interest Equity

at FVOCI reserves

As at 31st March 2018 152,000 2,847,937 149,079 199,659 106,522 3,455,197 39,535 3,494,732

Impact of adoption of SLFRS 9

Impact of reclassifying financial assets from AFS to FVOCI - - - 574,378 - 574,378 - 574,378

Deferred tax on SLFRS 9 transitional adjustment - - - 5,145 - 5,145 - 5,145

As at 1st April 2018 152,000 2,847,937 149,079 779,182 106,522 4,034,720 39,535 4,074,255

Profit for the year - 45,047 - - 45,047 (588) 44,459

Other comprehensive income net of tax - - - 12,609 - 12,609 12,609

- - - - -

Total comprehensive income net of tax - 45,047 - 12,609 - 57,656 (588) 57,068

Exercise of share option

- - - - - -

Share based payment expenses 4,464 4,464 680 5,144

Final dividend paid - 2017/18 (139,840) (139,840) (139,840)

- - - -

As at 30th June 2018 152,000 2,753,144 149,079 791,791 110,986 3,957,000 39,627 3,996,627

As at 31st March 2019 152,000 2,910,954 153,887 768,404 123,578 4,108,823 42,591 4,151,414

Profit for the year - 14,360 - - 14,360 (2,610) 11,750

Other comprehensive income net of tax - - - (13,387) (13,387) (13,387) Deferred tax on other comprehensive income - - - - -

Total comprehensive income net of tax - 14,360 - (13,387) 973 (2,610) (1,637)

Share based payment expenses - 3,523 3,523 570 4,093

- - -

Final dividend paid - 2018/19 - (121,600) - - (121,600) - (121,600)

Subsidiary dividend to non-controlling interest

- - - - -

As at 30th June 2019 152,000 2,803,714 153,887 755,017 127,101 3,991,719 40,551 4,032,270



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Other Components of Equity

COMPANY

INCOME STATEMENT

For the three months ended 30th June 2019 2018 Change %

Continuing Operations

Services transferred over time 119,648 140,181 (15)

Revenue from contracts with customers 119,648 140,181 (15)

Cost of sales (38,893) (40,040) 3

Gross profit 80,755 100,141 (19)

Dividend income 4,426 8,852 (50)

Distribution expenses (1,216) (2,818) (57)

Administrative expenses (25,036) (28,214) 11

Results from operating activities 58,929 77,961 (24)

Finance costs (32,064) (24,427) (31)

Finance income 2,226 2,153 3

Net Finanace Costs (29,838) (22,274) (34)

Profit before tax 29,091 55,687 (48)

Tax expense (14,265) (16,598) 14

Profit for the period 14,826 39,089 (62)

Rs. Rs.

Dividend per share 2.00 2.30




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John Keells PLC

COMPANY STATEMENT OF

COMPREHENSIVE INCOME



Other comprehensive income


Net (Loss) on available for sale financial assets - 12,609

Net other comprehensive income to be reclassified to income statement in subsequent periods - 12,609


Net (Loss)/gain on equity instrumnets at fair value through other comprehensive income (18,270) -

Net other comprehensive income not to be reclassified to income statement in subsequent periods (18,270) -

Income tax on other comprehensive income 4,883 -

Other comprehensive income for the period, net of tax (13,387) 12,609

Total comprehensive income for the period, net of tax 1,439 51,698




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John Keells PLC

John Keells PLC

COMPANY

STATEMENT OF FINANCIAL POSITION

As at 30th June 2019 2018

As at

31.03.2019

ASSETS

Non-current assets

Property, plant and equipment 15,770 20,770 16,905

Investment property 363,600 288,100 363,600

Intangible Assets 3,708 - 4,063

Investment In Subsidiaries 158,570 158,570 158,570

Investments in associates 24,000 24,000 24,000

Non-current financial assets 2,998,723 2,914,664 3,028,288

Other non-current assets 3,024 7,564 3,237

Deferred tax assets 6,806 8,655 6,249

3,574,201 3,422,324 3,604,912

Current assets

Inventories 1,121 571 778

Trade and Other Receivables 1,495,182 1,817,918 1,577,813

Amounts due from related parties 3,675 2,978 5,378

Other current assets 2,528 1,005 2,896

Cash in hand and at bank 209,025 141,606 178,349

1,711,531 1,964,078 1,765,214 Total assets 5,285,732 5,386,402 5,370,126

EQUITY AND LIABILITIES

Stated capital 152,000 152,000 152,000

Revenue reserves 2,650,700 2,596,623 2,757,474

Other components of equity 832,975 861,808 844,885

Total equity 3,635,675 3,610,431 3,754,359

Non-current liabilities

Employee benefit liabilities 41,940 38,525 40,205

41,940 38,525 40,205

Current liabilities

Trade and other payables 418,565 472,964 427,412

Amounts due to related parties 11,154 7,480 8,634

Income Tax Payable 13,215 53,617 3,924

Other current liabilities 176 14,454 486

Bank overdrafts 1,165,007 1,188,930 1,135,106

1,608,117 1,737,446 1,575,562

Total equity and liabilities 5,285,732 5,386,402 5,370,126

Rs. Rs. Rs.

Net assets per share 59.80 59.38 61.75


I certify that the financial statements comply with the requirements of the Companies Act No.7 of 2007.

K D Weerasinghe

Chief Financial Officer

The Board of Directors is responsible for these financial statements.

K.N.J.Balendra J.G.A.Cooray

Chairman Director

26th July , 2019

9


CASH FLOWS FROM OPERATING ACTIVITIES

Profit before tax 29,091 55,687

Adjustments for:

Interest Income (2,226) (2,153)

Dividend income - FVOCI Financial Assets (4,426) (8,852)

Finance Expenses 32,064 24,427

Depreciation of Property, plant and equipment 1,128 2,180

Amortisation of Intangible Assets 355 -

Share base payment expenses 1,477 2,099

Gratuity provision and related costs 805 975

Other long term employee benefits 931 -

Profit before working capital changes 59,199 74,363

(Increase) / Decrease in inventories (343) (101)

(Increase) / Decrease in trade and other receivables 82,629 (401,818)

(Increase) / Decrease in amounts due from related parties 1,704 (1,107)

(Increase) / Decrease in other non-current assets 11,508 (28,044)

(Increase) / Decrease in other current assets 368 200

Increase / (Decrease) in other current liabilities (310) 12,469

Increase / (Decrease) in amounts due to related parties 2,520 3,720

Increase / (Decrease) in trade and other payables (8,848) (10,074)

Cash generated from / (used in) operations 148,427 (350,389)

Interest Received 2,226 2,153

Finance expenses paid (32,064) (24,427)

Income Tax Paid (640) (8,881)

Gratuity (paid)/ Transfers(Net) - 423

Net cash flow from operating activities 117,949 (381,122)

CASH FLOWS FROM/ (USED IN) INVESTING ACTIVITIES

Acquisition of property, plant and equipment - (560)

Dividend income - FVOCI Financial Assets 4,426 8,852

- -

Net cash flow used in investing activities 4,426 8,291

CASH FLOWS FROM / (USED IN) FINANCING ACTIVITIES

Dividend paid (121,600) (139,840)

Net cash flow used in financing activities (121,600) (139,840)

NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 775 (512,671)

CASH AND CASH EQUIVALENTS AT THE BEGINNING (956,757) (534,653)

CASH AND CASH EQUIVALENTS AT THE END (955,982) (1,047,324)

ANALYSIS OF CASH & CASH EQUIVALENTSFavourable balances

Cash in hand & at bank 209,025 141,606

Unfavourable balances

Bank overdrafts (1,165,007) (1,188,930) (955,982) (1,047,324)



The above figures are subject to audit.

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John Keells PLC

COMPANY

CASH FLOW STATEMENT

11

Stated Fair value reserve Other capital Revenue Total

capital of financial assets reserves reserves

at FVOCI

As at 31st March2018 152,000 199,659 67,918 2,697,374 3,116,951

Impact of adoption of SLFRS 9

Impact of reclassifying financial assets from AFS to FVOCI - 574,378 574,378

Deferred tax on SLFRS 9 transitional adjustment - 5,145 5,145

As at 1st April 2018 152,000 779,182 67,918 2,697,374 3,696,474

Profit for the year - - - 39,089 39,089

Other comprehensive income Net of Tax - 12,609 - - 12,609

Total comprehensive income Net of Tax - 12,609 - 39,089 51,698

Share based payment expenses 2,099 - 2,099

Final Dividend Paid - 2017/18 - - - (139,840) (139,840)

As at 30th June 2018 152,000 791,791 70,017 2,596,623 3,610,431

As at 31st March 2019 152,000 768,404 76,481 2,757,474 3,754,359

Profit for the year - - - 14,826 14,826

Other comprehensive income net of tax - (13,387) - - (13,387)

Total comprehensive income net of tax - (13,387) - 14,826 1,439

Share based payment expenses 1,477 - 1,477

Final dividend paid - 2018/19 - - - (121,600) (121,600)

As at 30th June 2019 152,000 755,017 77,958 2,650,700 3,635,675



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Other Components of Equity

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BUSINESS SEGMENTS

The following represent the revenue and profit information regarding the Group's operating segments.

For the three months ended 30th June 2019 2018 2019 2018 2019 2018 2019 2018

Services transferred over time 119,648 140,181 25,781 24,254 24,787 42,391 170,216 206,826

Revenue from contracts with customers 119,648 140,181 25,781 24,254 24,787 42,391 170,216 206,826

- 1,512 1,457 - - 1,512 1,457

Total Segment revenue 119,648 140,181 27,293 25,711 24,787 42,391 171,728 208,283

Eliminations of inter segment revenue (1,512) (1,457)

Net revenue 170,216 206,826

Segment results 54,503 69,109 9,228 9,463 (19,524) (6,533) 44,207 72,039

Finance expenses (32,064) (24,427) - - - - (32,064) (24,427)

Finance income 6,651 11,005 1,209 1,066 5,319 4,349 13,180 16,420

Share of results of Associate - 600 485

Profit before tax 29,091 55,687 10,438 10,529 (14,205) (2,184) 25,923 64,517

Total Tax Expenses (14,173) (20,058)


Purchase and construction of PPE* - (560) 4,121 - 534 - 4,655 (560)

Addition to Intangible assets - - - - - - - -

Depreciation of PPE* 1,128 2,180 3,770 3,217 371 356 5,269 5,753

Amortisation of Intangible assets 355 - - - - - 355 -

Amortisation of right- of - use assets. - - 272 272 - - 272 272

Gratuity provision and related cost 805 975 31 24 1,139 1,465 1,975 2,464

Segment Assets 5,193,648 5,285,580 441,665 422,553 291,841 437,637 5,927,154 6,145,770

Segment Liabilities 1,654,137 1,778,778 120,583 100,428 120,165 269,935 1,894,885 2,149,140



*Property, Plant and Equipment

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Group TotalProduce Broking Warehousing Share Broking

John Keells PLC

NOTES TO THE INTERIM CONDENSED FINANCIAL STATEMENTS

1 CORPORATE INFORMATION

John Keells PLC, is a public limited company incorporated and domiciled in Sri Lanka and listed on the Colombo Stock Exchange.

2 INTERIM CONDENSED FINANCIAL STATEMENTS

3 APPROVAL OF FINANCIAL STATEMENTS

4 BASIS OF PREPARATION AND CHANGES TO THE GROUP'S ACCOUNTING POLICIES

4.1 BASIS OF PREPARATION

4.2 FAIR VALUE MEASUREMENT AND RELATED FAIR VALUE DISCLOSURES

4.3 NEW STANDARDS , INTERPRETATIONS AND AMENDMENTS ADOPTED BY THE GROUP

The effect of adoption of SLFRS 16 as at 1 April 2019 (increase/(decrease) is as follows:

Group

Assets Rs 000's

Property, plant and equipment 350,452

Right of use assets 35,574

Lease rentals paid in advance (35,574)

Total assets 5,927,153

b) Summary of new accounting policies

Right of use assets

b) Summary of new accounting policies (Continued)

Amounts recognised in the statement of financial position and profit or loss

Land and buildings Total

As at 1 April 2019 35,846 35,846

Amortisation expense (272) (272)

As at 30 June 2019 35,574 35,574

13

Set out below are the new accounting policies of the Company upon adoption of SLFRS 16, which have been applied from the date of initial application:

Fair valuation was done as of 30 June 2019 for all unquoted equity shares classified as Level 3 within the fair value hierarchy according to fair valuation

methodology. Fair value would not significantly vary if one or more of the inputs were changed.

The financial statements for the period ended 30th June 2019, includes “the Company” referring to John Keells PLC. as the holding company and “the

Group” referring to the companies whose accounts have been consolidated therein.

The interim condensed financial statements of the Group and the Company for the three months ended 30th June 2019 were authorised for issue by the Board

of Directors on 26th July 2019.

The interim condensed financial statements have been prepared in accordance with Sri Lanka Accounting Standard (SLAS) LKAS 34 - Interim Financial

Reporting. These interim condensed financial statements should be read in conjunction with the annual financial statements for the year ended 31 March

2019.

The presentation and classification of the financial statements of the previous year have been amended, where relevent, for better presentation and to be

comparable with those of the current year.

The interim condensed financial statements are presented in Sri Lankan Rupees and all values are rounded to the nearest thousand except when otherwise

indicated.

The fair values of all the financial assets and financial liabilities recognised during the period were not materially different from the transaction prices at the

date of initial recognition. There were no transfers between Level 1 and Level 2 and no transfers into or out of Level 3 categories as per the fair value

hierarchy, during the period. The fair value changes on financial instruments in Level 3 category was properly recorded in the statement of other

comprehensive income and there were no purchases and/or disposals during the period.

The accounting policies adopted in the preparation of the interim condensed consolidated financial statements are consistent with those followed in the

preparation of the Group’s annual consolidated financial statements for the year ended 31 March 2019, except for the adoption of new standards effective as

of 1 April 2019. The Group has not early adopted any other standard, interpretation or amendment that has been issued but is not yet effective.

Right of use assets

The Company has performed a detailed impact assessment of SLFRS 16 as at the reporting date.

Set out below, are the carrying amounts of the Company's right of use assets and the movements for the period ended 30 June

2019.

The company does not have a significant impact on it's statement of financial position or equity on applying the classification and mesurement requirments

of SLFRS 16 since the company does not have a lease liability as at 30th June 2019.

The Company recognises right of use assets when the underlying asset is available for use. Right of use assets are measured at cost, less any accumulated

depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right of use assets includes the amount of lease

liabilities recognised, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Unless

the Company is reasonably certain to obtain ownership of the leased asset at the end of the lease term, the recognised right of use assets are depreciated

on a straight-line basis over the shorter of its estimated useful life or the lease term. Right of use assets are subject to impairment.

Lessor accounting under SLFRS 16 is substantially unchanged under LKAS 17. Lessors will continue to classify leases as either operating or finance leases

using similar principles as in LKAS 17. Therefore, SLFRS 16 do not have an impact for leases where the Group is the lessor.

SLFRS 16 supersedes LKAS 17 Leases, IFRIC 4 Determining whether an Arrangement contains a Lease, SIC-15 Operating Leases-Incentives and SIC-27

Evaluating the Substance of Transactions Involving the Legal Form of a Lease. The standard sets out the principles for the recognition, measurement,

presentation and disclosure of leases and requires lessees to account for all leases under a single on-balance sheet model. The Company has adopted SLFRS

16 using modified retrospective method from 1 April 2019, without restating comparatives for the 2018/19 reporting period, as permitted under the specific

transitional provisions in the standard.

a) Nature of the effect of adoption of SLFRS 16

John Keells PLC


5 OPERATING SEGMENTS

For management purposes, the group is organised into business units based on their products and services and has

three reportable operating segments as follows:

5.1 Produce Broking

This includes tea and rubber broking.

5.2 Warehousing

This includes tea auction produce warehousing.

5.3 Stock Broking

This includes the stock Broking segment.

6 RELATED PARTY TRANSACTIONS

Group Company

For the three months ended 30th June 2019 2018 2019 2018

Transactions with related parties

Ultimate Parent

Receiving of Services for which fees are paid 9,149 9,190 5,540 5,631

Providing of Services for which fees are received - - - -

Subsidiaries

Renting of stores space for which rent is paid - - 1,512 1,457

Associates

(Purchases) / Sales of goods - - - -

(Receiving) / Rendering of services - - - -

Interest received / (Interest paid) - - - -

Loans taken - - - -

Leases taken - - - -

Key management personnel


- - - -

Close family members of KMP


Companies under common control

Purchases of goods for a fee 511 420 140 397

Receiving of Services for which fees are paid 4,225 2,907 2,397 2,075

Lending Money for which interest is received (4,644) (4,030) - -

Renting Office space for which rent is received (418) (405) (418) (405)

Providing of Services for which fees are received (7,971) (6,060) (7,971) (6,060)

Post employment benefit plan

Contributions to the provident fund 2,834 2,971 2,834 2,971

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7 SHARE INFORMATION

7.1 Stated capital

Stated capital is represented by number of shares in issue as given below:

As at 30-06-2019 31-03-2019

Ordinary shares 60,800,000 60,800,000

7.2 Public share holdings

Percentage of shares held by the public and the number of public shareholders is as given below:

As at 30-06-2019 31-03-2019

The percentage of shares held by the public 13.10% 13.10%

The number of Public Shareholders 1,266 1,256

0.39 0.38

7.3 Directors' and CEO's share holdings

The number of shares held by the Board of Directors/CEO are as follows:

As at 30-06-2019 31-03-2019

K N J Balendra -Chairman Nil Nil

J G A Cooray Nil Nil

J.R. Gunaratne Nil Nil

A. K Gunawardhana Nil Nil

C. N . Wijewardane Nil Nil

B.A.I Rajakarier Nil Nil

H.G.R De Mel -CEO Nil Nil

7.4 Twenty largest shareholders of the company are as follows:

As at 30-06-2019 31-03-2019

Number of shares % Number of shares %

1 John Keells Holdings Plc 52,834,784 86.90% 52,834,784 86.90%

2 H. S.D. Soysa 620,160 1.02% 620,160 1.02%

3 Bank of Ceylon No 2 a/c 338,414 0.56% 338,414 0.56%

4 Peoples; Leasing & Finance PLC/ H.S.D Soysa & G Soysa 311,846 0.51% 311,846 0.51%

5 Bank of Ceylon No 1 a/c 250,200 0.41% 250,200 0.41%

6 H. G. S.Ansell 240,000 0.39% 240,000 0.39%

7 Est. of Late M Radhakrishnan 232,800 0.38% 232,800 0.38%

8 Mrs. M . L. De Silva 207,872 0.34% 207,872 0.34%

9 A. M. Weerasinghe 179,792 0.30% 179,792 0.30%

10 Catholic Bishops Conference in Sri Lanka 171,416 0.28% 171,416 0.28%

11 H.A.Van Starrex 171,169 0.28% 171,169 0.28%

12 Employees trust Fund Board 169,988 0.28% 169,988 0.28%

13 N Muhunthan 163,911 0.27% 163,882 0.27%

14 Peoples; Leasing & Finance PLC/ L.P Hapangama 155,756 0.26% 155,756 0.26%

15 N S De Mel 137,115 0.23% 137,115 0.23%

16 Mrs. N Tirimanne 133,580 0.22% 133,580 0.22%

17 F A A Mack 130,000 0.21% 130,000 0.21%

18 Sisira Investors Ltd 114,272 0.19% 114,272 0.19%

19 Com.Bank -Colombo Fort Investments Ltd 112,000 0.18% 112,000 0.18%

20 Pinnacle Trust (Pvt) Ltd 110,587 0.18% 110,587 0.18%

56,785,662 93.40% 56,785,633 93.40%

7.5 Net assets per share

Net assets per share has been calculated, for all periods, based on the number of shares in issue as at 30th June 2019.

7.6 Market price per share

For the quarter ended 30 June 2019 2018

Rs. Rs.

Highest 56.00 70.00

Lowest 48.00 54.10

Last traded 49.20 56.10

8 DIVIDENDS PAID

A final dividend of Rs. 2.00 per share for the financial year ended 31 March 2019 was paid on 14 June 2019.

9 CONTINGENCIES, CAPITAL AND OTHER COMMITMENTS

10 EVENTS AFTER THE REPORTING PERIOD

There have been no events subsequent to the reporting date, which require disclosure in the interim condensed financial statements.

15

John Keells PLC

There has been no significant change in the nature of the contingencies and other commitments, which were disclosed in the annual report for the year ended

31 March 2019 and no circumstances have arisen since the Statement of Financial Position date, which would require adjustments to or disclosure in the

financial statements.

Compliant under Rule 7.13.1 (b) option 2 - Float adjusted market capitalization

(Rs Bn )

CORPORATE INFORMATION

Name of Company Related Party Transaction Review

John Keells PLC Committee

M P Perera - Chairperson

Legal Form K N J Balendra

Public Limited Liability Company D A Cabraal

Incorporated in Sri Lanka in 1960 A N Fonseka

Ordinary Shares listed on the Colombo Stock

Exchange Registered Office of the Company

117 Sir Chittampalam A. Gardiner Mawatha,

Company Registration No. Colombo 2, Sri Lanka

PQ 11 Telephone : +94 11 230 6000

Email : [email protected]

Directors

K N J Balendra -Chairman

J G A Cooray Secretaries

J R Gunaratne Keells Consultants (Private) Limited

B A I Rajakarier 117 Sir Chittampalam A. Gardiner Mawatha,

C N Wijewardane Colombo 2, Sri Lanka

A K Gunawardhana Telephone : +94 11 230 6245

Facsimile : +94 11 243 9037

Auditors

Ernst & Young Business Address

Chartered Accountants John Keells PLC

P.O. Box 101 186, Vauxhall Street,

Colombo, Sri Lanka Colombo 2, Sri Lanka

Audit Committee Bankers for the Company

B A I Rajakarier Bank of Ceylon

C N Wijewardane Commercial Bank of Ceylon

A K Gunawardhana Deutsche Bank A.G.

DFCC Bank

Human Resources and Compensation Hatton National Bank

Committee Hongkong and Shanghai Banking Corporation

D A Cabraal - Chairman Nations Trust Bank

M A Omar NDB Bank

S S H Wijayasuriya People’s Bank

Sampath Bank

Nominations Committee Seylan Bank

M A Omar - Chairman Standard Chartered Bank

K N J Balendra

M P Perera

S S H Wijayasuriya

R Coomaraswamy

John Keells PLC

No. 117, Sir Chittampalam A. Gardiner Mawatha,

Colombo 2, Sri Lanka.

Tel: 0094 11 230 6000

[email protected]

john keells plc - cse

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