LAUGFS POWER PLC

LAUGFS POWER PLC INTERIM FINANCIAL REPORT FOR THE QUARTER ENDED 30TH SEPTEMBER 2021

1

LAUGFS POWER PLC

CONSOLIDATED STATEMENT OF PROFIT OR LOSSFor the Quarter ended 30th September 2021

2021 2020 Change 2021 2020 Change 2021

Rs. Rs. % Rs. Rs. % Rs.

Revenue 263,880,653 244,634,391 8% 528,747,587 484,806,403 9% 982,880,136

Cost of Sales (79,735,178) (78,970,862) 1% (159,423,786) (155,457,296) 3% (316,280,264)

Gross Profit 184,145,475 165,663,529 11% 369,323,800 329,349,107 12% 666,599,872

Other Operating Income - - 0% - - 100% -

Selling and Distribution Costs - - 0% - 0% -

Administrative Expenses (34,234,321) (34,492,684) -1% (68,700,274) (66,469,636) 3% (135,593,376)

Operating Profit 149,911,154 131,170,845 14% 300,623,526 262,879,471 0% 531,006,496

Finance Cost (49,869,241) (81,361,631) -39% (103,506,019) (162,533,498) -36% (268,860,807)

Finance Income 164,700 1,209,141 -86% 300,361 1,563,089 -81% 3,056,398

Profit Before Tax from Continuing Operations 100,206,613 51,018,355 96% 197,417,868 101,909,062 94% 265,202,087

Income Tax Expense (2,181,431) (4,983,128) (3,866,107) (25,652,691) -85% (30,458,573)

Profit for the Period 98,025,182 46,035,227 113% 193,551,762 76,256,371 154% 234,743,514

Attributable to:

Equity Holders of the Parent 98,025,182 46,035,227 113% 193,551,762 76,256,371 154% 234,743,514

Non-Controlling Interests - - - - -

98,025,182 46,035,227 193,551,762 76,256,371 234,743,514

Basic/Diluted Earnings Per Share 0.25 0.12 0.50 0.20 0.61

Note : Change % column represents the percentage change in current period's results compared to previous period

The above figures are subject to audit.

Figures in brackets indicates deductions.

Audited

Quarter ended 30th September Six Months ended 30th SeptemberYear ended 31

March

Unaudited Unaudited

2

LAUGFS POWER PLC

CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOMEFor the Quarter ended 30th September 2021

2021 2020 Change 2021 2020 Change 2021


Profit for the Period 98,025,182 46,035,227 113% 193,551,762 76,256,371 154% 234,743,514

Other Comprehensive Income

Actuarial Gains/(Losses) on Defined Benefit Liability - 0% - 0% 2,144,259

Tax Effect - 0% - 0% (502,426)

Other Comprehensive Income for the Period Net of Tax - - 0% - - 0% 1,641,833

Total Comprehensive Income for the Period Net of Tax 98,025,182 46,035,227 113% 193,551,762 76,256,371 154% 236,385,347

Attributable to:

Equity Holders of the Parent 98,025,182 46,035,227 113% 193,551,762 76,256,371 154% 236,385,347

Non-Controlling Interests - - 0% - - 0% -

98,025,182 46,035,227 113% 193,551,762 76,256,371 154% 236,385,347


March

Unaudited Unaudited Audited

3

LAUGFS POWER PLC

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY For the Quarter ended 30th September 2021

Stated Retained Available for Total

Capital Earnings Sale Reserve

Rs. Rs. Rs. Rs.

Balance as at 01 April 2021 1,880,000,000 1,065,480,889 - 2,945,480,889

Profit for the Six Months - 193,551,762 - 193,551,762

Other Comprehensive Income - - - -

Total Comprehensive Income - 193,551,762 - 193,551,762

Dividend Paid - - - -

Balance as at 30th September 2021 1,880,000,000 1,259,032,651 - 3,139,032,651

Balance as at 01 April 2020 1,880,000,000 829,095,541 - 2,709,095,541

Profit for the Six Months - 76,256,371 - 76,256,371


Total Comprehensive Income - 76,256,371 - 76,256,370.70


Balance as at 30th September 2020 1,880,000,000 905,351,913 - 2,785,351,913

Note : The above figures are subject to audit.


4

LAUGFS POWER PLC 0.28 (0.08) (0.49)

CONSOLIDATED STATEMENT OF FINANCIAL POSITIONAs at 30th September 2021

Unaudited Unaudited AuditedAs at As at As at

30.09.2021 30.09.2020 31.03.2021Rs. Rs. Rs.

ASSETSNon-Current Assets

Property, Plant & Equipment 4,587,668,451 4,812,345,115 4,709,768,667

Right-to-use asset 94,539,680 96,997,989 98,258,758

Intangible Assets 638,959,675 639,035,252 638,997,463

5,321,167,806 5,548,378,356 5,447,024,888

Current Assets

Trade and Other Receivables 485,533,421 391,391,912 477,600,647

Income Tax Recoverable 4,812,027 6,290,850 3,872,315

Cash and Cash Equivalents 51,723,683 136,249,178 10,304,799

542,069,131 533,931,940 491,777,761

Total Assets 5,863,236,937 6,082,310,295 5,938,802,649

EQUITY AND LIABILITIES

Capital and Reserves

Stated Capital 1,880,000,000 1,880,000,000 1,880,000,000

Retained Earnings 1,259,032,651 905,351,913 1,065,480,889

Equity attributable to Equity Holders of the Parent 3,139,032,651 2,785,351,913 2,945,480,889

Non-Controlling Interests - - -

Total Equity 3,139,032,651 2,785,351,913 2,945,480,889

Non-Current Liabilities

Interest Bearing Loans and Borrowings 2,031,302,466 2,577,322,982 2,281,606,826

Deferred Tax Liability 52,895,133 44,075,265 49,521,975

Lease Liabilities -Long Term 68,263,166 68,581,338 65,694,244

Retirement Benefit Liability 7,183,469 6,768,373 6,418,018

2,159,644,234 2,696,747,958 2,403,241,063

Current Liabilities

Trade and Other Payables 50,012,071 120,089,955 51,002,430

Lease Liabilities -Short Term 3,874,027 3,082,390 3,717,753

Income Tax Payable - 5,286,139 3,735,019

Bank Overdraft 295,454 326,100 1,395,459

Interest Bearing Loans and Borrowings 510,378,498 471,425,840 530,230,036

564,560,051 600,210,424 590,080,697

Total Equity and Liabilities 5,863,236,937 6,082,310,295 5,938,802,649

(0) 0 0

Net Assets Per Share (Rs.) 8.11 7.20 7.61

Note: The above figures are subject to audit. 0 (0) (0)

I certify that these financial statements are in compliance with the requirements of the Companies Act No :07 of 2007.

Shanaka Indradasa

Chief Financial Officer

The Board of Directors is responsible for the preparation and presantation of these financial statements. Sign for and on behalf of the board by

W.K.H. Wegapitiya U.K. Thilak De Silva

(Director) (Director)

12th November 2021

he Board of Directors is responsible for the preparation and presentation of these Financial Statements.

5

Sgd.

LAUGFS POWER PLC

CONSOLIDATED STATEMENT OF CASH FLOWSFor the Quarter ended 30th September 2021

Unaudited Unaudited

2021 2020

Rs. Rs.

Cash Flows Generated from/(Used in) Operating Activities

Cash Flows from Operating Activities

Profit /(Loss) Before Tax 197,417,868 101,909,062

Non-Cash Adjustment to Reconcile Profit before Tax to Net Cash Flows:

Amortization of Intangible Assets 37,788 37,789

Depreciation of Property, Plant & Equipment 123,448,721 122,590,908

Amortization of Right-to-use Assets 3,719,077 3,594,967

Finance Charge on Right-to-use Assets 4,212,721 4,252,506

Finance Costs 99,293,298 158,280,993

Finance Income (300,361) (1,563,089)

(Profit)/Loss on Disposal of Property, Plant & Equipment - -

Provision for Employee Benefit Liability 765,451 715,224

Transfer of Employee Benefit Liability - -

Operating Profit Before Working Capital Changes 428,594,563 389,818,360

(Increase)/Decrease in Trade and Other Receivables and Prepayments (9,420,305) 129,695,986

Increase/ (Decrease) in Trade and Other Payables (2,537,099) (112,237,242)

Cash Generated from Operations 416,637,159 407,277,104

Employee Benefit Liability Costs Paid - -

Finance Costs Paid (97,746,558) (154,043,352)

Income Tax Paid (5,167,674) -

Net Cash Flows Generated from Operating Activities 313,722,927 253,233,752

Cash Flows from / (Used in) Investing Activities

Acquisition of Intangible Assets - -

Acquisition of Property, Plant & Equipment (1,348,500) (6,773,744)

Proceeds from Disposal of Property, Plant & Equipment - -

Net Cash Flows from/(Used in) Investing Activities (1,348,500) (6,773,744)

Cash Flows from / (Used in) Financing Activities

Dividend Paid - -

Finance Income 300,361 1,563,089

Proceeds from Interest Bearing Loans and Borrowings 12,500,000 62,802,732

Repayment of Interest Bearing Loans and Borrowings (282,655,899) (138,592,598)

Net Cash Flows Used in Financing Activities (269,855,538) (74,226,777)

Net Increase in Cash and Cash Equivalent 42,518,889 172,233,231

Cash and Cash Equivalent at the Beginning of the Period 8,909,340 (36,310,153)

Cash and Cash Equivalent at the End of the Period 51,428,229 135,923,078


Figures in brackets indicates deductions. 51,428,229 135,923,078

6

LAUGFS POWER PLC

COMPANY STATEMENT OF PROFIT OR LOSSFor the Quarter ended 30th September 2021

Audited

2021 2020 Change 2021 2020 Change 2021


Revenue 18,704,826 14,993,099 25% 47,482,092 31,567,088 50% 76,941,202

Cost of Sales (7,870,408) (6,939,117) 13% (16,036,547) (13,825,152) 16% (28,800,284)

Gross Profit 10,834,418 8,053,982 35% 31,445,545 17,741,937 77% 48,140,918

Other Operating Income - - 0% - - 0% 100,000,250

Selling and Distribution Costs - - 0% - - 0% -

Administrative Expenses (17,429,727) (18,158,470) -4% (34,604,402) (33,970,408) 2% (67,441,659)

Foreign Currency Exchange Gain/(Loss) - - 0% - - 0% -

Operating Profit (6,595,309) (10,104,488) -35% (3,158,857) (16,228,471) 0% 80,699,509

Finance Cost (3,389,321) (24,573,337) -86% (7,265,097) (48,808,230) -85% (21,697,160)

Finance Income 53,512 197,811 -73% 110,974 267,281 -58% 359,516

Profit Before Tax from Continuing Operations (9,931,118) (34,480,014) -71% (10,312,979) (64,769,420) -84% 59,361,865

Income Tax Expense (2,170,655) (1,672,819) (3,852,503) (20,355,003) -81% (29,988,216)

Profit for the Period (12,101,773) (36,152,833) -67% (14,165,482) (85,124,424) -83% 29,373,649

Attributable to:

Equity Holders of the Parent (12,101,773) (36,152,833) -67% (14,165,482) (85,124,424) -83% 29,373,649


(12,101,773) (36,152,833) (14,165,482) (85,124,424) 29,373,649

Basic/Diluted Earnings Per Share (0.03) (0.09) (0.04) (0.22) 0.08

Note : Change % column represents the percentage change in current period's results compared to previous period

The above figures are subject to audit.


Unaudited Unaudited


March

7

LAUGFS POWER PLC

COMPANY STATEMENT OF OTHER COMPREHENSIVE INCOMEFor the Quarter ended 30th September 2021

Audited

2021 INTERIM FINANCIAL REPORT FOR THE QUARTER ENDED 31ST DECEMBER 20202020 Change 2021 2020 Change 2021


Profit for the Period (12,101,773) (36,152,833) -67% (14,165,482) (85,124,424) -83% 29,373,649

Other Comprehensive Income

Gains/(Losses) on financial assets at FVTOCI - - 0% - - 0% 120,767,936

Actuarial Gains/(Losses) on Defined Benefit Liability - - 0% - - 0% 2,093,440

Tax Effect - - 0% - - 0% (12,721,614)

Other Comprehensive Income for the Period Net of Tax - - 0% - - 0% 110,139,762

Total Comprehensive Income for the Period Net of Tax (12,101,773) (36,152,833) -67% (14,165,482) (85,124,424) -83% 139,513,411

Attributable to:

Equity Holders of the Parent (12,101,773) (36,152,833) -67% (14,165,482) (85,124,424) -83% 139,513,411


(12,101,773) (36,152,833) -67% (14,165,482) (85,124,424) -83% 139,513,411

Quarter ended 30th

September

Six Months ended 30th

September

Unaudited Unaudited

Year ended 31

March

8

LAUGFS POWER PLC

COMPANY STATEMENT OF CHANGES IN EQUITY For the Quarter ended 30th September 2021

Stated Retained Fair Value Total

Capital EarningsReserve of Financial

Assets at FVOCI

Rs. Rs. Rs. Rs.

Balance as at 01 April 2021 1,880,000,000 346,777,346 947,353,000 3,174,130,346

Profit for the Six Months - (14,165,482) - (14,165,482)

Other Comprehensive Income - - -

Total Comprehensive Income - (14,165,482) - (14,165,482)


Balance as at 30th September 2021 1,880,000,000 332,611,866 947,353,000 3,159,964,866

Balance as at 01 April 2020 1,880,000,000 315,812,684 838,804,251 3,034,616,935

Profit for the Six Months - (85,124,424) - (85,124,424)


Total Comprehensive Income - (85,124,424) - (85,124,424)


Balance as at 30th September 2020 1,880,000,000 230,688,262 838,804,251 2,949,492,513



9

LAUGFS POWER PLC (0.00) - 0.21

COMPANY STATEMENT OF FINANCIAL POSITIONAs at 30th September 2021

Unaudited Unaudited Audited

As at As at As at

30.09.2021 30.09.2020 31.03.2021

Rs. Rs. Rs.

ASSETS

Non-Current Assets

Property, Plant & Equipment 365,055,998 379,319,888 376,764,411

Right-to-use asset 9,499,176 7,627,535 11,053,278

Intangible Assets 85,245 160,822 123,033

Investments in Subsidiaries 4,052,853,000 3,932,085,064 4,052,853,000

4,427,493,419 4,319,193,309 4,440,793,722

Current Assets

Trade and Other Receivables 208,489,755 95,694,036 167,719,361

Cash and Cash Equivalents 4,390,589 15,712,394 4,094,652

212,880,344 111,406,430 171,814,013

Total Assets 4,640,373,763 4,430,599,739 4,612,607,735

EQUITY AND LIABILITIES

Capital and Reserves

Stated Capital 1,880,000,000 1,880,000,000 1,880,000,000

Fair Value Reserve of Financial Assets at FVOCI 947,353,000 838,804,252 947,353,000

Retained Earnings 332,611,866 230,688,262 346,777,346

Equity attributable to Equity Holders of the Parent 3,159,964,866 2,949,492,514 3,174,130,346

Non-Controlling Interests - - -

Total Equity 3,159,964,866 2,949,492,514 3,174,130,346

Non-Current Liabilities


Lease Liabilities -Long Term 735,431 - 2,169,494

Deferred Tax Liability 52,895,134 31,856,077 49,521,975

Retirement Benefit Liability 6,765,501 6,710,967 6,074,721

189,088,977 198,585,925 203,863,597

Current Liabilities

Trade and Other Payables 1,249,229,986 1,201,896,850 1,162,768,530

Lease Liabilities -Short Term 2,820,424 2,149,998 2,726,607

Income Tax Payable - - 4,688,334

Bank Overdraft 71,354 68,186 -


1,291,319,920 1,282,521,300 1,234,613,791

Total Equity and Liabilities 4,640,373,763 4,430,599,739 4,612,607,735

0 - (0)

Net Assets Per Share (Rs.) 8.17 7.62 8.20

Note: The above figures are subject to audit. 0.00 - (0.21)

I certify that these financial statements are in compliance with the requirements of the Companies Act No :07 of 2007.

Shanaka Indradasa

Chief Financial Officer

The Board of Directors is responsible for the preparation and presantation of these financial statements. Sign for and on behalf of the board by

W.K.H. Wegapitiya U.K. Thilak De Silva

(Director) (Director)

12th November 2021

The Board of Directors is responsible for the preparation and presentation of these Financial Statements.

10

Sgd.

LAUGFS POWER PLC

COMPANY STATEMENT OF CASH FLOWSFor the Quarter ended 30th September 2021

Unaudited Unaudited

2021 2020

Rs. Rs.

Cash Flows Generated from/(Used in) Operating Activities

Cash Flows from Operating Activities

Profit /(Loss) Before Tax (10,312,979) (64,769,420)

Non-Cash Adjustment to Reconcile Profit before Tax to Net Cash Flows:

Amortization of Intangible Assets 37,789 37,789

Depreciation of Property, Plant & Equipment 11,856,913 11,283,602

Amortization of-Right-to-use Assets 1,554,103 1,429,993

Intercompany Interest Expenses - 34,449,058

Finance Costs 7,117,819 14,227,380

Finance Charge on Right-to-use Assets 147,279 131,794

Finance Income (110,975) (267,281)

Provision for Employee Benefit Liability 690,780 657,818

(Profit)/Loss on Disposal of Property, Plant & Equipment - -

Operating Profit Before Working Capital Changes 10,980,729 (2,819,267)

(Increase)/Decrease in Trade and Other Receivables and Prepayments (42,257,922) (5,090,860)

Increase/ (Decrease) in Trade and Other Payables 86,337,153 39,274,455

Cash Generated from Operations 55,059,960 31,364,328

Employee Benefit Liability Costs Paid - -

Finance Costs Paid (6,993,516) (7,425,189)

Income Tax Paid (5,167,674) -

Net Cash Flows Generated from Operating Activities 42,898,770 23,939,138

Cash Flows from / (Used in) Investing Activities

Acquisition of Property, Plant & Equipment (148,500) (1,082,832)

Proceeds from Disposal of Property, Plant & Equipment - -

Net Cash Flows from/(Used in) Investing Activities (148,500) (1,082,832)

Cash Flows from / (Used in) Financing Activities

Finance Income 110,975 267,281

Proceeds from Interest Bearing Loans and Borrowings 12,500,000 35,967,107

Repayment of Interest Bearing Loans and Borrowings (55,136,661) (39,870,892)

Repayment of Lease Rentals - -

Net Cash Flows Used in Financing Activities (42,525,687) (3,636,504)

Net Increase in Cash and Cash Equivalent 224,583 19,219,802

Cash and Cash Equivalent at the Beginning of the Period 4,094,652 (3,575,593)

Cash and Cash Equivalent at the End of the Period 4,319,236 15,644,208

Note : The above figures are subject to audit. 4,319,235 15,644,208

Figures in brackets indicates deductions. (0.29) (0.01)

11

LAUGFS POWER PLCFor the Quarter ended 30th September 2021

Operating Segments

2021 2020 2021 2020 2021 2020 2021 2020

Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.

Revenue

External Customers 38,456,949 21,225,815 490,290,636 463,580,588 - - 528,747,585 484,806,403

38,456,949 21,225,815 490,290,636 463,580,588 - - 528,747,585 484,806,403

Results

Operating Profit 15,336,819 (879,871) 285,286,707 263,759,343 - - 300,623,526 262,879,472

Finance Costs (11,610,279) (20,149,726) (91,895,739) (176,439,894) - 34,056,121 (103,506,018) (162,533,499)

Finance Income 65,603 67,549 234,758 35,551,661 - (34,056,121) 300,361 1,563,089

Profit/(Loss) Before Tax 3,792,144 (20,962,048) 193,625,726 122,871,110 - - 197,417,870 101,909,062

Income Tax Expense - (3,866,107) (25,652,691) - - (3,866,107) (25,652,691)

Profit/(Loss) for the Year 3,792,144 (20,962,048) 189,759,619 97,218,419 - - 193,551,762 76,256,371

Actuarial Gains/(Losses) on Defined Benefit Plans - - - -

Income Tax Effect - - - - - -

Total Comprehensive Income/(Loss) for the Year Net of Tax 3,792,144 (20,962,048) 189,759,619 97,218,419 - - 193,551,762 76,256,371

Assets & Liabilities

Total Non-Current Assets 3,844,625,880 3,856,919,348 4,890,520,496 4,984,669,642 (3,413,978,570) (3,293,210,634) 5,321,167,806 5,548,378,357

Total Current Assets 75,294,768 41,426,222 1,795,643,672 2,076,199,748 (1,328,869,309) (1,583,694,030) 542,069,131 533,931,940

Total Assets 3,919,920,648 3,898,345,570 6,686,164,168 7,060,869,390 (4,742,847,879) (4,876,904,664) 5,863,236,937 6,082,310,297

Total Non-Current Liabilities 210,686,499 271,443,516 1,948,957,735 2,365,253,320 - 60,051,122 2,159,644,234 2,696,747,958

Total Current Liabilities 221,717,128 140,394,710 1,671,712,232 2,091,270,408 (1,328,869,309) (1,631,454,694) 564,560,051 600,210,424

Total Liabilities 432,403,627 411,838,226 3,620,669,967 4,456,523,728 (1,328,869,309) (1,571,403,572) 2,724,204,285 3,296,958,382

Hydro Power Solar Power Eliminations/Adjustments Group

12

LAUGFS POWER PLC

NOTES TO THE FINANCIAL STATEMENTS

1 Corporate Information

2 Basis of Preparation

3 Contingencies, capital and other commitments

4 Events occurring after the reporting date

There have been no material events occurring after the reporting date that require adjustments to or disclosure in the financial statements.

The interim financial statements have been prepared on a historical cost basis, except for "investment in subsidiaries", which have been measured at fair

value.

There has been no significant change in the nature of the contingencies and other commitments.

LAUGFS Power PLC is a limited liability company incorporated and domiciled in Sri Lanka.

The interim financial statements of the group and company for the Quarter ended 30th September 2021 were authorised for issue by the board of directors

on 12th November 2021.

These interim financial statements have been prepared in accordance with Sri Lanka Accounting Standard LKAS 34 - "Interim Financial Reporting". They

should be read in conjunction with the Annual Report for the year ended 31 March 2020.

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

comparable with those of the current period.

13

LAUGFS POWER PLC

NOTES TO THE FINANCIAL STATEMENTSFor the Quarter ended 30th September 2021

5. Share Information

5.1. Public share holdings

5.2 Directors Share holdings

The number of shares held by the Board of directors are as follows,

Ordinary Voting Shares

As at 30-09-2021 %

Name of Directors

Mr W K H Wegapitiya 1,411,536 0.421

Mr U K Thilak De Silva 1,077,897 0.322

Mr. N M Prakash 17,000 0.005

Mr. P.M.B Fernando 100 0.000

Mr.P. Kudabalage Nil Nil

Ordinary Non Voting Shares

As at 30-09-2021 %

Name of Directors

Mr W K H Wegapitiya Nil Nil

Mr U K Thilak De Silva Nil Nil

Mr. N M Prakash Nil Nil

Mr. P.M.B Fernando Nil Nil

Mr. P. Kudabalage Nil Nil

The percentage of ordinary voting shares held by the public as at 30th September 2021 were 25.23%.

Total number of shareholders who hold the public holding as at 30th September 2021 were 8,441

The float adjusted market capitalisation as at 30th September 2021 is Rs. 785,972,787.90 and company is in compliance with option 5 of Section

7.13.1(a) of the Listing Rules of the Colombo Stock Exchange.

14

LAUGFS POWER PLC


5.3 Twenty Largest Shareholders of the company are as follows

Ordinary Voting Shares

Name of Shareholder No.of Shares %

1 LAUGFS HOLDINGS LIMITED 247,980,050 74.02%

2 EMPLOYEE'S PROVIDENT FUND 57,897,800 17.28%

3 HATTON NATIONAL BANK PLC/CARLINES HOLDINGS (PVT) LTD 5,112,733 1.53%

4 HATTON NATIONAL BANK PLC/ALMAS ORGANISATION(PVT) LTD 2,542,023 0.76%

5 AMANA BANK PLC/ALMAS ORGANISATION (PVT) LTD 1,526,604 0.46%

6 MR W.K.H. WEGAPITIYA 1,411,536 0.42%

7 MR U.T.N. DE SILVA 1,077,897 0.32%

8 PEOPLE'S LEASING & FINANCE PLC/MR.D.M.P.DISANAYAKE 948,301 0.28%

9 PEOPLE'S LEASING & FINANCE PLC/L.P.HAPANGAMA 859,132 0.26%

10 MR G.Y.N. MAHINKANDA 814,575 0.24%

11 MR H.D.M.P. SIRIWARDENA 625,058 0.19%

12 HATTON NATIONAL BANK PLC/SASHIMAAL RUHASH FERNANDO 344,264 0.10%

13 PEOPLE'S LEASING & FINANCE PLC/DR.H.S.D.SOYSA & MRS.G.SOYSA 330,638 0.10%

14 MR N.M.N. NARASINGHE 250,000 0.07%

15 PEOPLE'S LEASING & FINANCE PLC/L.H.L.M.P.HARADASA 236,862 0.07%

16 MERCHANT BANK OF SRI LANKA & FINANCE PLC/K.L.K.M. INDIKA 215,000 0.06%

17 EMPLOYEES TRUST FUND BOARD 205,304 0.06%

18 MRS M.K.D.C. EDIRISINGHE & MR J.M. EDIRISINGHE 200,100 0.06%

19 PEOPLE'S LEASING & FINANCE PLC/MR.S. GOBINATH 200,000 0.06%

20 MR C.S. KARIYAWASAN 200,000 0.06%

322,977,877 96.41%

OTHERS 12,022,209 3.59%

TOTAL 335,000,086 100.00%

5.4 Stated Capital

Stated Capital is represented by number of shares in issue as given below.

As at 30-12-2019

Ordinary voting shares 335,000,086

Ordinary non voting shares 52,000,000

387,000,086

30-09-2021

15

LAUGFS POWER PLC


5.4 Twenty Largest Shareholders of the company are as follows

Ordinary Non Voting Shares

Name of Shareholder No.of Shares %

1 EMPLOYEE'S PROVIDENT FUND 18,041,300 34.69%

2 HATTON NATIONAL BANK PLC/CARLINES HOLDINGS (PVT) LTD 7,753,412 14.91%

3 HATTON NATIONAL BANK PLC/ALMAS ORGANISATION (PVT) LTD 5,400,855 10.39%

4 PEOPLE'S LEASING & FINANCE PLC/L.P.HAPANGAMA 1,984,060 3.82%

5 BANK OF CEYLON NO. 1 ACCOUNT 1,297,831 2.50%

6 HATTON NATIONAL BANK PLC/SASHIMAAL RUHASH FERNANDO 1,068,000 2.05%

7 MR A.M. WEERASINGHE 813,471 1.56%

8 AMANA BANK PLC/ALMAS ORGANISATION (PVT) LTD 589,937 1.13%

9 MR F. KASSIM 500,000 0.96%

10 PEOPLE'S LEASING & FINANCE PLC/L.H.L.M.P.HARADASA 383,601 0.74%

11 MRS C.N.G. NARAYANA 378,800 0.73%

12 MRS S.D. AMARASINGHE 372,400 0.72%

13 MR A.M.M. RISVI 309,121 0.59%

14 NARATHA VENTURES PRIVATE LIMITED 308,000 0.59%

15 MR D.C.T. WIJEMANNE 300,310 0.58%

16 PEOPLE'S LEASING & FINANCE PLC/DR.H.S.D.SOYSA & MRS.G.SOYSA 260,000 0.50%

17 MR L.H.L.M.P. HARADASA 259,058 0.50%

18 MR A.B. TENNAKOON 199,000 0.38%

19 MR K.M.S.M. RAZEEK & MR K.M.S.M. RAJABUDEEN & MR K.S.M.R. MOHAMED 198,100 0.38%

20 AMANA BANK PLC/MR. ABDUL MAJEED MOHAMMADU RISVI 195,997 0.38%

40,613,253 78.10%

OTHERS 11,386,747 21.90%

TOTAL 52,000,000 100.00%

5.5 Stated Capital

Stated Capital is represented by number of shares in issue as given below.

As at 30-09-2021

Ordinary voting shares 335,000,086

Ordinary non voting shares 52,000,000

387,000,086

5.6 Market price per share

For the three months ended

Rs. Rs. Rs. Rs.

Voting Share Non Voting Voting Share Non Voting

Share Share Share Share

Highest 9.80 8.50 7.80 6.30

Lowest 7.80 6.70 3.50 2.70

Last Traded 9.30 8.00 6.90 5.60

6. Contingencies, capital and other commitments

7. Events occurring after the reporting date

There have been no material events occurring after the reporting date that require adjustments to or disclosure in the financial statements.

30-09-2021

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 2021.

30-09-202030-09-2021

16

Name of the company : LAUGFS Power PLC

Company No : PB 1595 PQ

Legal Form : A Limited Liability company listed in the Colombo Stock Exchange

Subsidiaries : Anorchi Lanka (Pvt) Ltd

Ginigathhena Thiniyagala Mini Hydro Power (Pvt) Ltd

Iris Eco Power Lanka (Pvt) Ltd

Pams Power (Pvt) Ltd

Parent Enterprise :

Board Of Directors : Mr.W.K.H.Wegapitiya (Chairman)

Mr.U.K.Thilak De Silva (Deputy Chairman- w.e.f. 24.05.2020)

Mr. Piyadasa Kudabalage (Group Managing Director/GCEO- w.e.f. 25.05.2020)

Mr. P.M.B Fernando

Mr. Murali Prakash

Bankers : Commercial Bank of Ceylon PLC.

DFCC Bank PLC.

Hatton National Bank PLC.

Sampath Bank PLC.

Standard Chartered Bank.

Auditors : Ernst & Young.

(Chartered Accountants)

# 201, De Saram Place,

Colombo 10,

Sri Lanka.

Secretaries : P W Corporate Secretarial (Pvt) Ltd.

# 3/17, Kinsey Road, Colombo 08,

Sri Lanka.

Registrars : P W Corporate Secretarial (Pvt) Ltd.

# 3/17, Kinsey Road, Colombo 08,

Sri Lanka.

Registered Office : # 101, Maya Avenue,

Colombo 06,Sri Lanka.

Corporate Website : www.laugfs.lk

Corporate Information

The Company's holding Company and controlling entity is

LAUGFS Holdings Limited, which is incorporated in Sri Lanka.

17

Documents

LAUGFS POWER PLC