the colombo fort land & building plc · 2020. 11. 13. · the colombo fort land & building plc...

For The Period Ended

30th September 2020

THE COLOMBO FORT LAND & BUILDING PLCCompany No. PQ 172

INTERIM FINANCIAL STATEMENTS


Table of Contents Page No.

Statement of Comprehensive Income - Group 1

Statement of Comprehensive Income - Company 2

Statement of Financial Position 3

Statement of Changes in Equity 4

Statement of Cash Flows 5

Segmental Information 6 - 7

Notes to the Financial Statements 8 - 9

Corporate Information 10


(Unaudited) (Unaudited) (Unaudited) (Unaudited)

Quarter Quarter Six Months Six Months

ended ended Variance ended ended Variance

30.09.2020 30.09.2019 % 30.09.2020 30.09.2019 %

Rs.'000 Rs.'000 Rs.'000 Rs.'000

Revenue 11,348,617 8,883,936 + 28 19,573,947 17,917,633 + 9

Cost of Sales (9,295,102) (7,761,736) - 20 (16,001,501) (15,497,293) - 3

Gross Profit 2,053,515 1,122,200 + 83 3,572,446 2,420,340 + 48

Other Income / (Expenses) 303,994 292,516 + 4 460,891 436,402 + 6

Gain on Sale of Subsidiary - - - 293,158 - 100

Distribution Costs (563,991) (498,325) - 13 (943,585) (1,034,656) + 9

Administration Expenses (1,114,959) (1,034,647) - 8 (1,933,902) (2,172,744) + 11

Financing Cost (623,779) (786,632) + 21 (1,194,392) (1,489,705) + 20

Share of Results of Associates 15,028 7,015 + 114 14,478 6,061 + 139

Share of Results of Joint Venture (23,068) 9,256 - 349 (46,998) 7,584 - 720

Profit before Tax Expense 46,740 (888,617) + 105 (71,062) (1,533,560) + 95

Tax Expense (121,572) (102) - 119,088 (147,942) (12,852) - 1,051

Profit / (Loss) for the period (74,832) (888,719) + 92 (219,004) (1,546,412) + 86

101,549 10,651 + 853 123,216 7,426 + 1,559

Actuarial Gain /Losses on Defined Plan (54,579) 586,323 - 109 (57,237) 582,672 - 110

Related Tax - - - -

85,118 10,880 + 138,801 (1,833) + 7,672

Tax on Other Comprehensive Income (13,481) - - (13,481) - - -

43,775 (280,865) + (27,704) (958,148) + 97

Profit Attributable to

Equity Holders of the Parent (54,922) (234,870) + (149,804) (806,794) + 81

Non -Controlling Interest (19,910) (360,691) + 94 (69,200) (739,618) + 91

(74,832) (595,561) + 87 (219,004) (1,546,412) + 86

Equity Holders of the Parent 18,347 101,060 - 82 (36,470) (471,718) + 92

Non -Controlling Interest 25,428 (88,768) + 129 8,766 (486,429) + 102

43,775 12,291 + 256 (27,704) (958,148) + 97

Earnings per Share (Rs.) (0.30) (1.30) + 77 (0.81) (4.48) + 82

Financial assets at Fair value

through Other Comprehensive

Income

Share of Results of Associate

Total Comprehensive Income

STATEMENT OF COMPREHENSIVE INCOME - GROUP

Total Comprehensive Income For The Period

2020/21 2nd Quarter Page 1


(Unaudited) (Unaudited)

Six Months Six Months

ended ended Variance

30.09.2020 30.09.2019 %

Rs.'000 Rs.'000

Revenue 57,531 66,825 - 14

Cost of Sales - - - -

Gross Profit 57,531 66,825 - 14

Other Income 7,510 43,636 - 83

Distribution Costs - - - -

Administration Expenses (37,728) (37,434) - 1

Other Expenses (55) - - -

Net Finance Cost (16,004) (39,627) + 60

Profit before Tax Expense 11,254 33,400 - 66

Tax Expense (1,804) (546) - 230

Profit / (Loss) for the period 9,450 32,854 - 71

Other Comprehensive Income

699 72 + 871

10,149 32,926 - 69

Earnings per Share (Rs.) 0.05 0.18 - 72

Total Comprehensive Income For The Period

STATEMENT OF COMPREHENSIVE INCOME - COMPANY

Financial assets at Fair value through Other

Comprehensive Income

- Net change in fair value



Group Company

(Unadited) (Unadited) (Unaudited) (Unaudited) (Unaudited) (Unaudited)

As at As at As at As at As at As at

31.03.2020 31.03.2020 30.09.2020 30.09.2019 30.09.2020 30.09.2019

Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000

Restated

ASSETS

Non - Current Assets

22,400,812 11,652 Property, Plant & Equipment 21,734,992 23,908,359 10,135 10,877

396,789 - Leasehold Properties 391,907 393,933 - -

2,283,591 800,821 Investment Properties 2,325,871 1,370,161 799,094 802,523

1,450,774 Right to use of Assets 1,380,359 -

1,988,591 - Biological Assets 2,186,518 2,148,332 - -

996,464 - Intangible Assets 971,831 1,000,985 - -

- 1,435,593 Investments in Subsidiaries - - 1,435,593 1,435,593

179,338 95,819 Investments in equity accounted investees 483,470 333,368 95,819 93,649

336,039 Investment in Joint Venture 294,767 341,386

857,617 990 Other Investments 794,859 588,251 1,693 1,099

3,875 - Employee Benefits - - - -

565,179 - Deferred Tax Assets 691,552 494,527 - -

31,459,070 2,344,875 31,256,126 30,579,302 2,342,334 2,343,741

Current Assets

6,205,874 - Inventories 5,663,835 5,774,076 - -

7,820,069 33,094 Trade and Other Receivables 7,414,028 7,662,363 32,593 64,067

10,975 - 3,629 10,975 - -

205,083 286,318 Amounts Due from Related Parties 146,070 14,422 337,753 255,618

- 167,000 Loans Given to Related Parties - - 167,000 167,000

203,914 - Income Tax Recoverable 190,108 250,698 - -

470,658 - Other Investments 612,491 681,065 53 -

741,842 227,518 Bank & Cash Balances 1,095,877 745,072 169,790 173,000

15,658,415 713,930 15,126,038 15,138,671 707,190 659,685

60,000 - Assets Held for Sale 60,000 60,000 - -

47,177,485 3,058,805 Total Assets 46,442,164 45,777,973 3,049,524 3,003,426

EQUITY AND LIABILITIES

Equity Attributable to Equity Holders of the Parent

730,368 730,368 Stated Capital 730,368 327,000 730,368 327,000

20,058 10,000 Capital Reserves 20,058 20,058 10,000 10,000

4,313,054 1,096,155 Revenue Reserves 4,276,584 4,710,243 1,106,304 1,108,978

5,063,480 1,836,523 5,027,010 5,057,301 1,846,672 1,445,978

2,074,615 - Non- Controlling interest 2,067,290 3,201,007 - -

7,138,095 1,836,523 Total Equity 7,094,301 8,258,307 1,846,672 1,445,978

Non - Current Liabilities

9,980,862 54,967 Loans and Borrowings 8,648,895 7,571,812 46,302 90,115

` 547,932 - Deferred Income - Capital Grants 545,791 556,522 - -

2,241,913 199,872 Deferred Tax Liabilities 2,464,598 2,235,915 201,676 195,805

3,484,224 - Employee Benefits 3,689,817 3,304,349 - -

- - Rent Received in Advance 15,051 12,464 - -

16,254,931 254,839 15,364,152 13,681,062 247,978 285,920

Current Liabilities

8,843,705 60,802 Trade & Other Payables 10,151,976 9,607,712 60,394 58,278

772,830 659,260 Amounts Due to Related Parties 562,886 722,563 687,945 945,465

10,261,586 53,048 Loans and Borrowings 9,702,057 9,749,621 1,409 53,048

9,052 9,053 Rent Received in Advance 22,095 22,704 22,095 22,704

279,186 48,028 Income Tax Payables 363,503 341,184 48,028 48,028

3,618,100 137,252 Bank Overdraft 3,181,194 3,394,820 135,003 144,005

23,784,459 967,443 23,983,711 23,838,604 954,874 1,271,528

40,039,390 1,222,282 Total Liabilities 39,347,863 37,519,666 1,202,852 1,557,448

47,177,485 3,058,805 Total Equity and Liabilities 46,442,164 45,777,973 3,049,524 3,003,426

22.98 8.34 Net Asset per Share (Rs.) 22.82 28.10 8.38 8.03

Fair Value gain on growing produce of

bearer Biological Assets

P. M. A. Sirimane

Group Finance Director

(Sgd.)

S.D.R. Arudpragasam

Deputy Chairman

(Sgd.)

The Board of Directors are responsible for the preparation and presentation of these financial statements.

For and on behalf of the Board.

STATEMENT OF FINANCIAL POSITIONGroup Company

Date : 12th November, 2020 2020/21 2nd Quarter Page 3


STATEMENT OF CHANGES IN EQUITY

Group

Stated Prop.Dev. Capital FVOCI General Revaluation Accumulated Total Non-controlling Total

capital Reserve Reserve fund Reserves Reserve Reserve Profit/(Loss) Interest Equity

Rs. '000 Rs. '000 Rs. '000 Rs. '000 Rs. '000 Rs. '000 Rs. '000 Rs. '000 Rs. '000 Rs. '000

327,000 15,190 4,868 991,096 84,453 2,868,970 368,535 4,660,112 2,074,615 6,734,727

Allotment of Right Issue Shares 403,368 - - - - - - 403,368 - 403,368

730,368 15,190 4,868 991,096 84,453 2,868,970 368,535 5,063,480 2,074,615 7,138,095

Profit for the Period - - - - - - (149,804) (149,804) (69,200) (219,004)

Other Comprehensive Income - - - 86,332 - - 27,002 113,334 77,966 191,300

Effect of Disposal and change in holding in Subsidiaries - - -

Subsidiary Dividend to Minority Shareholders - - - - - - - - (16,091) (16,091)

Dividend Payable - - - - - - - - - -

Balance as at 30.09.2020 730,368 15,190 4,868 1,077,428 84,453 2,868,970 245,733 5,027,010 2,067,290 7,094,301

Balance as at 01.04.2019 327,000 15,190 4,868 991,096 84,453 2,868,970 1,237,442 5,529,019 4,181,087 9,710,106

Profit for the Period - - - - - - (806,794) (806,794) (739,618) (1,546,412)

Other Comprehensive Income - - - 5,004 - - 330,072 335,076 253,189 588,265

Effect of Disposal and change in holding in Subsidiaries - - - - - - - - (430,846) (430,846)

Subsidiary Dividend to Minority Shareholders - - - - - - - - (62,805) (62,805)

Balance as at 30.09.2019 327,000 15,190 4,868 996,100 84,453 2,868,970 760,720 5,057,301 3,201,007 8,258,307

Company

Stated Prop.Dev. General Accumulated Total

capital Reserve Reserve Profit/(Loss)

Rs. '000 Rs. '000 Rs. '000 Rs. '000 Rs. '000 Rs. '000

730,368 10,000 501 671 1,094,983 1,836,523

Profit for the period - - - 9,450 9,450

Other Comprehensive Income - - - - - -

Remeasuring of other non-current financial assets - - - 699 - 699

Balance as at 30.09.2020 730,368 10,000 501 1,370 1,104,433 1,846,672

Balance as at 01.04.2019 327,000 10,000 501 708 1,074,843 1,413,052

Profit for the Period - - - - 32,854 32,854

Remeasuring of other non-current financial assets - - - 72 - 72

Dividend payable - - - - -

Balance as at 30.09.2019 327,000 10,000 501 780 1,107,697 1,445,978

Balance as at 01.04.2020 Unaudited

Balance as at 01.04.2020 Unaudited

Equity Attributable to Equity Holders of the Parent

FVOCI

Reserve

Adjusted Balance as at 01.04.2020 Unaudited



(Unaudited) (Unaudited) (Unaudited) (Unaudited)

For the Quarter ended 30th September, 2020 2019 2020 2019

Rs.'000 Rs.'000 Rs.'000 Rs.'000

Cash Flows from Operating Activities

Profit before Tax Expense (71,062) (1,533,560) 11,254 33,400

Adjustments for :

Depreciation and Amortisation 663,245 618,881 3,395 3,206

(Profit) / Loss on Disposal of Property Plant & Equipment (12,675) (85,934) - -

(Profit) / Loss on Disposal of Long/Short-Term Investments (141,686) (105,640) - -

Share of Results of equity accounted investees (14,478) (6,061) - -

Share of Results of results of Joint Venture 46,998 (7,584) - -

Rental Income (14,672) (21,202) (14,672) (21,202)

Dividend Income (124,646) (248,765) (2,368) (41,315)

Interest Expenses 1,392,026 1,454,553 40,488 51,274

Interest Income (184,834) (135,424) (24,483) (11,647)

Defferred Income (1,412) (9,688) - -

Provision / (Reversal of) Bad & Doubtful Debts 29,127 12,738 - -

Provision for Retirement Gratuity 276,794 282,641 - -

Provision for Obsolete Stocks 7,013 11,820 - -

Other Provisions (1,577) (8,248) - -

Written back of Creditors - (1,585) - -

Gain on Sale of Subsidiary - (293,158) - -

Gain / (Loss) on translation of Foreign Currency (54,058) 68,673 - -

Profit before Working Capital Changes 1,794,103 (7,543) 13,614 13,716

(Increase)/ Decrease in Inventories 542,039 1,215,954 - -

(Increase) / Decrease in Trade and other Receivable 406,041 625,155 (10,213) (9,013)

(Increase) / Decrease in Amounts due from Related Parties 59,013 (1,610) (42,142) (121,809)

Increase / (Decrease) in Trade and other Payables 1,308,271 (313,434) (56) (1,289)

Increase / (Decrease) in Amounts due to Related Parties (209,944) (322,386) 26,238 6,373

Cash generated from Operations 3,899,523 1,196,136 (12,559) (112,022)

Gratuity Paid (121,711) (40,288) - -

Taxes Paid (111,512) (102,497) - -

Interest Paid (1,184,868) (1,454,553) (40,088) (50,892)

Rent Received 27,398 33,323 27,998 33,742

Net cash generated from/(used in) Operating Activities 2,508,830 (367,879) (24,649) (129,172)

Cash Flows from Investing Activities

Acquisition of Property, Plant & Equipment (647,893) (765,917) - (424)

Proceeds from Disposal of Property, Plant & Equipment 87,388 131,698 - -

Investments in Subsidiaries and Associates - - - -

(Acquisition) / Disposal of Other Short Term Investments 20,016 (2,117) - -

Loans Given to Related Parties - - - (70,000)

Proceeds from Disposal of Subsidiaries and Associates 897,000

Interest Received 44,782 59,880 30,096 11,518

Dividend Received 124,646 248,765 (371) 3,730

Net cash generated from/(used in) Investing Activities (371,061) 569,309 29,725 (55,176)

Cash Flows from Financing Activities

Receipts of Loans and Leases 652,080 897,340 (904) (10,523)

Increase/(Decrease) in Loan to Related Parties - - - - Proceeds from Rights Issue - - - -

Repayment of Loans and Leases (2,002,311) (1,534,671) (59,651) 210,500

Capital / Lease Grants Received 3,403 7,142 - -

Dividend Paid by Non Controlling Interests - (62,805)

Dividend Paid - - - (1,085)

Net cash generated from/(used in) Financing Activities (1,346,828) (692,994) (60,555) 198,892

Net Increase in Cash & Cash Equivalents 790,941 (491,564) (55,479) 14,544

Cash & Cash Equivalents at the beginning of the year (2,876,258) (2,158,184) 90,266 14,451

Cash & Cash Equivalents at the end of the period (2,085,317) (2,649,748) 34,787 28,995

Group Company

STATEMENT OF CASH FLOWS



Segment Revenue

For the Quarter ended 30th September, 2020 2019 2020 2019 2020 2019

Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000

Trading of Consumer Products 13,124,888 11,767,153 (2,838,509) (2,661,046) 10,286,379 9,106,107

Trading of Industrial Products 5,181,830 5,023,011 (43,600) (56,109) 5,138,230 4,966,902

Leisure 107,670 392,328 (806) (680) 106,864 391,648

Plantations 3,560,748 3,115,065 - - 3,560,748 3,115,065

Others 601,597 461,314 (119,871) (123,403) 481,726 337,911

22,576,733 20,758,871 (3,002,786) (2,841,238) 19,573,947 17,917,633

Profit / (Loss) Attributable to

For the Quarter ended 30th September, 2020 2019 2020 2019 2020 2019

Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000

Trading of Consumer Products 335,209 68,087 250,003 (61,510) 585,212 6,577

Trading of Industrial Products (133,510) (243,137) (39,482) (91,733) (172,991) (334,870)

Leisure (148,800) (138,127) (149,467) (126,282) (298,267) (264,409)

Plantations (211,540) (485,187) (144,333) (456,368) (355,873) (941,555)

Others 8,837 (8,430) 14,079 (3,726) 22,916 (12,156)

(149,804) (806,794) (69,200) (739,618) (219,004) (1,546,412)

Equity Holders Non- Controlling interest Total

Segment Revenue Inter Segment Total Revenue

SEGMENTAL INFORMATIONInformation based on primary segments (Business Segments)



Segment Results

For the Quarter ended 30th September, 2020 2019 2020 2019 2020 2019 2020 2019 2020 2019

Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000

Trading of Consumer Products 976,667 548,587 (297,997) (489,743) 678,671 58,844 (93,459) (52,267) 585,212 6,577

Trading of Industrial Products 267,221 66,483 (397,336) (445,693) (130,115) (379,210) (42,876) 44,340 (172,991) (334,870)

Leisure (220,125) (174,594) (76,160) (88,503) (296,285) (263,097) (1,982) (1,312) (298,267) (264,409)

Plantations 12,163 (545,064) (368,036) (396,490) (355,873) (941,554) - - (355,873) (941,554)

Others 87,404 60,733 (54,863) (69,276) 32,541 (8,543) (9,625) (3,613) 22,916 (12,156)

1,123,330 (43,855) (1,194,392) (1,489,705) (71,062) (1,533,560) (147,942) (12,852) (219,004) (1,546,412)

Operating Profit Finance Cost Profit before Tax Tax Expense Profit/ (Loss) for the Year

SEGMENTAL INFORMATIONInformation Based on Primary Segments (Business Segments)



NOTES TO THE FINANCIAL STATEMENTS

01)

02)

03)

04)

05)

06)

•

30.09.2020

Rs.'000

404,972

120,000

•

30.09.2020

Rs.'000

Ceyflex Rubber Ltd 64,353

Lankem Ceylon PLC 832,000

Darley Butler & Co. Ltd 460,000

•

No circumstances have arisen since the reporting period , that require adjustments to or disclosures in the financial statements.

There has been no significant change in the nature of the contingent liabilities which were disclosed in the audited financial statements for

the year ended 31st March 2019 other than those disclosed below.

Fair value measurements

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 other than the quoted shares categorized under level 1 as per the fair value hierarchy

disclosed in the Annual Report 2018/2019 which were fair valued as at 31st December, 2019. 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 as disclosed in the

annual report 2018/2019. The fair value changes have been recorded in the Statement of Comprehensive Income for the period.

Accordingly, the required transition adjustments have been made on best estimate at the date of initial application of SLFRS 16 and

subsequent adjustments have made in the following quarters.

The Company and its subsidiaries follow the same accounting policies as in the Annual Report for the year ended 31st March, 2019

except for the initial adoption of SLFRS16–“Leases” which became applicable for financial reporting periods beginning on or after 1st

January 2019

SLFRS16 requires the recognition of lease liabilities and right of use of assets for leases previously classified as

operating leases in accordance with LKAS 17 – “Leases”:

Contingent liabilities exist in relation to guarantees issued by E.B. Creasy & Company PLC to financial institutions on behalf of its

Associate to obtain facilities from Financial Institutions is as follows:

E B Creasy PLC

Lankem Ceylon PLC

Corporate Guarantees issued by Lankem Ceylon PLC to related companies have been changed as follows:

SunAgro LifeScience Limited, increased to

SunAgro Foods Limited, increased to

The balances pertaining to the comparative period have been reclassified, where relevant, for better presentation and to be comparable with

those of the current period.

The accounting policies and methods of computation are consistent with those accounting policies and methods set out in the audited

financial statements for the year ended 31st March 2019 and also in compliance with Sri Lanka Accounting Standard LKAS 34 - Interim

Financial Reporting other than the item disclosed below,

01.1

The COVID-19 outbreak impacted our business operations due to the curfew restrictions imposed as a measure to control the spread of the

pandemic. Consequently, our manufacturing and distribution activities came to a standstill for the first half of the quarter.

The Group has been cautiously monitoring the impact of the pandemic on the Group’s business operations, keeping a vigilant eye on global

supply chains and social and economic variables and taking timely initiatives to mitigate the adverse impact on the Group’s profitability and

the cash flows.

During the period,Sunquick Lanka (Private) Limited (the Joint Venture Company) entered into a contract to purchase plant

and machinery worth of USD 1.5 million, of which the balance commitment outstanding as at 30th September 2020 is USD 0.15

million.

C.W. Mackie PLC



NOTES TO THE FINANCIAL STATEMENTS

07)

08)

As at 30th September 2020 2019

Stated Capital (Rs.'000') 730,368 327,000

Number of Ordinary Shares (Voting) Issued 220,336,805 180,000,000

09) Market Price Per Share for the Quarter ended 30.09.2020 30.09.2019

Rs. Rs.

- Highest 15.50 18.90

- Lowest 7.90 12.80

- Last Traded Price 13.10 13.20

10) Directors direct shareholdings as at 30th September 2020

Name of Director No. of Shares

Mr. S. D. R. Arudpragasam 176,000

Mr. A. M. de S. Jayaratne 666

Mr. C. P. R. Perera 10,000

Mr. Anushman Rajaratnam 1,000,666

Mr. S. Rajaratnam 1,000,133

11) The percentage of shares held by the public as at 30th September 2020 was 35.21%.

12) The number of Public Shareholders as at 30th September 2020 were 2,863.

13)

14) The twenty major Shareholders as at 30th September 2020 were as follows:

Name of Shareholders No. of Shares %

1. Property & Investment Holdings (Pvt) Limited 43,224,690 19.62

2. Colombo Investment Trust PLC 30,112,969 13.67

3. Colombo Fort Investments PLC 26,668,586 12.10

4. Capital Investments Limited 19,484,375 8.84

5. Corporate Holdings (Pvt) Limited A/c No.02 9,099,080 4.13

6. Sampath Bank PLC / Mr. A. Sithampalam 8,126,040 3.69

7. Sampath Bank PLC / Dr. T. Senthilverl 7,410,442 3.36

8. Financial Trust Limited 7,332,226 3.33

9. Seylan Bank PLC / Mr. A. Sithampalam 5,700,000 2.59

10. Union Investments (Pvt) Limited 4,300,000 1.95

11. Seylan Bank PLC / Senthilverl Holdings (Pvt) Ltd 3,827,737 1.74

12. Commercial Bank of Ceylon PLC / Capital Investments Limited 3,600,000 1.63

13. Commercial Bank of Ceylon PLC / Property & Investment Holdings (Pvt) Limited 3,600,000 1.63

14. Associated Electrical Corporation Ltd 2,043,866 0.93

15. Corporate Holdings (Pvt) Limited A/c No.01 1,978,265 0.90

16. Jacey Trust Services (Private) Limited - Account No.01 1,858,500 0.84

17. Ms. A. Radhakrishnan 1,800,000 0.82

18. Ms. M. P. Radhakrishnan 1,800,000 0.82

19. Mr. R. Maheswaran 1,800,000 0.82

20. C M Holdings PLC 1,500,000 0.68

Total 185,266,776 84.09

The figures in the Financial Statements are provisional and subject to audit.

The applicable option under Colombo Stock Exchange Rule 7.13.1 on Minimum Public Holding is Option 5 and the Float Adjusted Market

Capitalization as at 30th September 2020 was Rs.1024.06Mn.

Share Information



CORPORATE INFORMATION

Board of Directors Name of the Company

A. Rajaratnam (Chairman) The Colombo Fort Land & Building PLC

FCA

Legal Form

S.D.R. Arudpragasam (Deputy Chairman)

FCMA (U.K)

Anushman Rajaratnam (Group Managing Director)

B.Sc (Hons), CPA, MBA

A.M. de S. Jayaratne Company No.

B.Sc.(Econ.), FCA (Eng. and Wales), FCA (ICASL) PQ 172

R. Seevaratnam Registered Office

B.Sc.(Lond.), FCA (Eng. and Wales), FCA (ICASL) No. 8-5/2, Leyden Bastian Road,

York Arcade Building,

C.P.R. Perera Colombo 1.

Tel: 011 - 2344485 - 9

P. M. A. Sirimane (Group Finance Director)

FCA, MBA Stock Exchange Listing

The ordinary shares of the Company are listed

S. Rajaratnam on the Colombo Stock Exchange of Sri Lanka.

B.Sc., CA

Bankers

Commercial Bank of Ceylon PLC

Standard Chartered Bank

Hatton National Bank PLC

Indian Bank

Sampath Bank PLC

Auditors

Messrs. KPMG

Chartered Accountants

Legal Advisers

Messrs. Julius & Creasy

Attorneys-at-Law

Tax Advisers

Messrs. KPMG

Chartered Accountants

Managers & Secretaries

Corporate Managers & Secretaries (Private) Limited

No. 8-5/2, Leyden Bastian Road,

York Arcade Building,

Colombo 1.

Tel: 011 - 2344485 - 9

A Quoted Company with limited liability,

incorporated under the provisions of the Joint Stock

Companies Ordinance 1861 & 1888 on 30th April,

1895 and re-registered under the Companies Act

No.07 of 2007 on 3rd July, 2008.


the colombo fort land & building plc · 2020. 11. 13. · the colombo fort land & building plc...

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