ROYAL CERAMICS LANKA PLC - Colombo Stock Exchange · royal ceramics lanka plc interim financial statements for the period ended 30th june 2017

ROYAL CERAMICS LANKA PLC

INTERIM FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30TH JUNE 2017


COMPANY

AS AT 30.06.2017 31.03.2017 30.06.2017 31.03.2017

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

ASSETS

Non-Current Assets

Property, Plant & Equipment 4,115,781 4,064,061 21,976,873 21,816,658

Consumable Biological Assets - - 494,032 490,534

Leasehold right over mining lands - - 14,898 16,080

Investment Properties - - 237,851 238,024

Investments in Subsidiaries 5,157,343 5,157,343 - -

Investments in Associate 3,162,937 3,162,937 6,003,908 5,849,225

Intangible Assets 183,968 186,756 1,216,628 1,219,371

Long term receivables - - 27,285 27,285

Deferred Tax Assets 166,705 194,858 178,881 207,034

12,786,734 12,765,956 30,150,356 29,864,211

Current Assets

Inventories 1,243,107 1,198,259 9,282,214 8,664,550

Trade and Other Receivables 665,188 440,409 2,793,413 2,966,579

Other Non Financial Assets 375,476 367,190 1,245,012 1,157,287

Other Financial Assets 58,568 43,981 58,568 43,981

Income Tax Recoverable 62,419 52,483 89,400 77,157

Cash and Cash Equivalents 180,351 300,093 1,418,656 1,887,792

2,585,108 2,402,416 14,887,263 14,797,346

Assets held for sale - - 115,391 137,815

2,585,108 2,402,416 15,002,654 14,935,161

Total Assets 15,371,843 15,168,372 45,153,010 44,799,373

EQUITY AND LIABILITIES

Equity

Stated Capital 1,368,673 1,368,673 1,368,673 1,368,673

Reserves 213,634 213,634 2,034,137 2,027,445

Retained Earnings 6,164,987 6,444,557 14,310,186 14,234,596

7,747,294 8,026,864 17,712,996 17,630,715

Non Controlling Interest - - 8,611,478 8,463,614

Total Equity 7,747,294 8,026,864 26,324,474 26,094,329

Non-Current Liabilities

Interest Bearing Loans & Borrowings 3,230,400 3,307,021 6,154,222 6,247,866

Deferred Tax Liabilities - - 1,228,236 1,211,770

Retirement Benefit Liability 215,568 208,701 1,021,740 997,367

Deferred income & Capital grants - - 152,385 153,189

3,445,967 3,515,723 8,556,583 8,610,192

Current Liabilities

Trade and Other Payables 2,057,259 1,815,045 2,023,113 2,299,244

Other Current Liabilities 535,599 731,378 723,647 905,049

Dividend Payable 487,515 45,380 532,943 105,435

Income Tax Liabilities - - 388,676 523,258

Interest Bearing Loans & Borrowings 1,098,210 1,033,982 6,538,515 6,123,921

4,178,582 3,625,785 10,206,894 9,956,908

Liabilities directly associated with the assets held for sale - - 65,059 137,944

4,178,582 3,625,785 10,271,953 10,094,852

Total Equity and Liabilities 15,371,843 15,168,372 45,153,010 44,799,373

0 (0) 0 (0)

Net Assets Per Share (Rs.) 69.93 72.45 159.88 159.14

These financial statements are in compliance with the requirements of the Companies Act No 7 of 2007.

Sgd.

…………………………

Head of Finance & Treasury

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

Signed for and on behalf of the board by

Sgd. Sgd.

………………………… ………………………

Director Director

August 2, 2017

STATEMENT OF FINANCIAL POSITION

GROUP

For the Period ended 30th June 2017 2016 2017 2016

QUARTER QUARTER QUARTER QUARTER

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

Gross Revenue 829,207 903,172 (8) 6,417,124 6,018,329 7

Net Revenue 730,984 814,861 (10) 5,770,513 5,472,250 5

Cost of Sales (387,064) (408,887) (5) (3,681,715) (3,491,749) 5

Gross Profit 343,920 405,974 (15) 2,088,798 1,980,501 5

Other Operating Income 349,320 439,855 (21) 56,721 31,550 80

Distribution Expenses (280,408) (257,352) 9 (884,669) (759,925) 16

Administrative Expenses (117,830) (138,162) (15) (356,101) (373,211) (5)

Other Operating Expenses (12,036) - 100 (12,036) - 100

Finance Expenses (95,999) (85,268) 13 (296,229) (246,223) 20

Finance Income 279 25 100 32,185 35,298 (9)

Profit Before Tax 187,246 365,072 (49) 628,669 667,990 (6)

Share of Associate Company's Profit - - 247,724 233,965 6

Net Profit Before Tax 187,246 365,072 (49) 876,393 901,955 (3)

Tax (Expense)/Reversal (23,658) (24,338) 3 (196,980) (172,648) 14

Net Profit After Tax from Continuing Operations 163,588 340,734 (52) 679,413 729,307 (7)

Loss after tax from discontinued operations - - (12,802) (17,004) (25)

Net Profit for the period 163,588 340,734 (52) 666,611 712,303 (6)

Attributable to

Equity holders of the Parent 163,588 340,734 (52) 518,747 624,993 (17)

Non Controlling Interest - - 147,864 87,310 69

Net Profit for the period 163,588 340,734 (52) 666,611 712,303 (6)

Basic Earnings Per Share (Rs.) 1.48 3.08 4.68 5.64


STATEMENT OF PROFIT OR LOSS

COMPANY

variance %

GROUP

variance %


QUARTER QUARTER QUARTER QUARTER

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

Net Profit / (Loss) for the Period 163,588 340,734 (52) 666,611 712,303 (6)

Net (loss)/gain on available-for-sale financial assets of Associate company 4,491 1,968 128

Exchange Differences on translation of foreign operations - - 2,201 (2,450) 190

Other Comprehensive Income net of Tax - - 6,692 (482) (1488)

Total Comprehensive Income net of Tax 163,588 340,734 (52) 673,303 711,821 (5.4)

Attributable to

Equity holders of the Parent 163,588 340,734 (52) 525,439 624,511 (16)

Non Controlling Interest - - 147,864 87,310 69

Net Profit / (Loss) for the Period 163,588 340,734 (52) 673,303 711,821 (5)


STATEMENT OF COMPREHENSIVE INCOME

variance

%

variance

%

COMPANY GROUP

Stated Revaluation Retained

Capital Reserve Earnings Total

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

Balance as at 1st April 2016 1,368,673 213,634 6,076,307 7,658,614

Net Profit for the Period - - 340,734 340,734

Total Comprehensive income - - 340,734 340,734

Final Dividends - 2015/2016 - - (443,158) (443,158)

Balance as at 30th June 2016 1,368,673 213,634 5,973,882 7,556,191

Balance as at 1st April 2017 1,368,673 213,634 6,444,557 8,026,864

Net Profit for the Period - - 163,588 163,588

Total Comprehensive income - - 163,588 163,588

Final Dividends - 2016/2017 - - (443,158) (443,158)

Balance as at 30th June 2017 1,368,673 213,634 6,164,987 7,747,294

Stated Revaluation Available for sale Foreign Currency Retained Non-Controlling

Capital Reserve Reserve Translation Reserve Earnings Interest Total

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

Balance as at 1st April 2016 1,368,673 1,367,854 7,704 301 11,885,271 7,828,991 22,458,794

Net Profit for the Period - - - 624,993 87,310 712,303

Other comprehensive income - - 1,968 (2,450) - - (482)

Total Comprehensive income - - 1,968 (2,450) 624,993 87,310 711,821

Final Dividends - 2015/2016 - - - (443,158) - (443,158)

Subsidiary Dividends to Minority Shareholders - - - - (13,796) (13,796)

Balance as at 30th June 2016 1,368,673 1,367,854 9,672 (2,149) 12,067,106 7,902,505 22,713,661

Balance as at 1st April 2017 1,368,673 2,020,248 3,865 3,331 14,234,596 8,463,614 26,094,329

Net Profit for the Period - - - 518,747 147,864 666,611

Other comprehensive income - - 4,491 2,201 - - 6,692

Total Comprehensive income - - 4,491 2,201 518,747 147,864 673,303

Final Dividends - 2016/2017 - - - (443,158) - (443,158)

Balance as at 30th June 2017 1,368,673 2,020,248 8,356 5,532 14,310,186 8,611,478 26,324,474


STATEMENT OF CHANGES IN EQUITY - COMPANY

STATEMENT OF CHANGES IN EQUITY - GROUP

Attributable to owners of the parent


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

Cash Flows From / (Used in) Operating Activities

Profit before tax from continuing operations 187,246 365,072 876,393 901,955

Loss before tax from discontinued operations - - (12,802) (17,004)

Profit before tax 187,246 365,072 863,591 884,951

Adjustments for

Dividend Income (187,855) (243,873) (322) (41)

Interest Income (279) (25) (32,185) (35,298)

Depreciation of Property, Plant & Equipment 75,372 69,574 344,128 328,456

Amortization of leasehold right over land - - 1,182 -

(Profit)/Loss on Sale of Property, Plant & Equipment - (1,162) (64) (1,547)

Finance Costs 95,999 85,268 298,452 245,863

Write-down of inventories 1,557 3,032 1,536 6,583

Amortization of Intangible Assets 4,333 4,203 4,333 4,203

Unrealised (Gain)/loss on foreign exchange - - 6,317 6,364

Impairment of Assets held for sale - - - 71,867

Provision for bad debts (10) 107 595 631

Deferred income / capital grants amortization - - (1,262) (1,174)

Changing in Fair Value of Biological Assets - - (5,002) -

Provision /(Reversal) for change in market value of the investments (14,586) (11,552) (14,586) (11,552)

Profit Share of Investment in associate - - (247,724) (359,303)

Provision for Defined Benefit Plans - Gratuity 6,867 7,231 39,102 41,974

Operating Profit/(Loss) before Working Capital Changes 168,642 277,875 1,258,090 1,181,977

(Increase)/ Decrease in Inventories (46,404) (17,763) (608,645) (287,461)

(Increase)/ Decrease in Trade and Other Receivables (127,237) 57,944 186,303 94,670

(Increase)/ Decrease in Other Non Financial Assets (8,286) 21,313 20,852 (56,429)

Increase/ (Decrease) in Trade and Other Payables 234,251 838,656 (296,052) (293,738)

Increase/ (Decrease) in Other Current Liabilities (195,779) (354,062) (181,402) (297,619)

Cash Generated from Operations 25,186 823,963 379,145 341,400

Finance Costs Paid (88,036) (79,411) (274,743) (227,731)

Defined Benefit Plan Costs Paid - (2,140) (14,587) (28,100)

Income Tax Paid (5,440) (3,542) (299,186) (94,542)

Net Cash Flows From/(Used in) Operating Activities (68,290) 738,870 (209,371) (8,973)

Cash Flows from / (Used in) Investing Activities

Acquisition of Property, Plant & Equipment (127,092) (342,158) (623,699) (888,049)

Acquisition of Plantation Assets - - (3,299) (6,424)

(Acquisition) / disposal of leased hold right over mining land - - - (8,000)

Proceeds from Sale of Property, Plant & Equipment - 1,162 11,384 1,797

Acquisition of Intangible Assets (1,545) - (1,545) -

Acquisition of Investment in subsidiary - - - (59,999)

Acquisition of Non Controlling Interest - - - (259,307)

Interest Received 279 25 32,185 35,298

Dividends Received 90,322 41 322 41

Net Cash Flows from/(Used in) Investing Activities (38,036) (340,930) (584,652) (1,184,644)

Cash Flows from / (Used in) Financing Activities

Proceeds From Interest Bearing Loans & Borrowings 302,907 443,373 2,994,084 2,208,811

Repayment of Interest Bearing Loans & Borrowings (302,273) (908,145) (2,564,166) (1,910,030)

Capital Repayments under Finance Lease Liabilities (601) (550) (2,075) (2,018)

Dividends Paid on Ordinary Shares (1,023) (60,114) (1,023) (60,114)

Dividend paid to non controlling interest - - (14,627) (48,179)

Capital grants received - - 458 992

Net Cash Flows from/(Used in) Financing Activities (989) (525,436) 412,651 189,462

Net Increase / (Decrease) in Cash and Cash Equivalents (107,315) (127,496) (381,371) (1,004,155)

Net foreign exchange difference - - (1,141) (2,234)

Cash and Cash Equivalents at the beginning of the period (59,087) (70,281) (121,902) 747,698

Cash and Cash Equivalents at the end of the period (166,402) (197,777) (504,415) (258,691)


CASH FLOW STATEMENT

COMPANY GROUP

NOTES TO THE FINANCIAL STATEMENTS

1. Corporate Information

5. Details of the Subsidiaries of the Company as at 30th June 2017, is as follows.

Company Name Year of Incorporation Ownership (%)

Royal Porcelain (Pvt) Ltd

Rocell Bathware Ltd

Royal Ceramics Distributors (Pvt) Ltd

Ever Paint and Chemical Industries (Pvt) Ltd

Lanka Ceramic PLC

Rocell Ceramics Limited

Rocell Pty Ltd - Australia

Nilano Garments (Pvt) Ltd

6. Basis of Preparation

7. Significant Accounting Policies

8. Events Occurring After the Balance Sheet Date

The Consolidated and separate Financial Statements have been prepared in accordance with Sri Lanka Accounting Standards comprising SLFRS and

LKAS (hereafter “SLFRS”) as issued by the Institute of Chartered Accountants of Sri Lanka.

2014/2015 100%

2006/2007


Royal Ceramics Lanka PLC (“the Company”) is a public limited liability company incorporated and domiciled in Sri Lanka and listed on the

Colombo Stock Exchange. The registered office of the Company is located at No.10, R.A. De Mel Mawatha, Colombo 03.

The Consolidated Financial Statements of the company for the quarter ended 30th June 2017 comprise the Royal Ceramics Lanka PLC (Parent

Company) and its subsidiaries (together referred as the “Group”), namely Royal Ceramics Distributors (Private) Limited, Royal Porcelain (Private)

Limited, Rocell Bathware Limited, Ever Paint and Chemical Industries (Private) Limited, Rocell Ceramics Limited, Rocell Pty Ltd-Australia, Nilano

Garments (Private) Limited and Lanka Ceramic PLC and its subsidiaries.

4. There has not been a significant change in the nature of the contingent liabilities which were disclosed in the Annual Report for the year ended

31st March 2017.

3. Number of fully paid ordinary shares as at 30th June 2017 is 110,789,384 (30th June 2016 - 110,789,384).

2. Figures for the quarter ended 30th June 2017 are provisional and subject to audit.

2002/2003 100%

100%

2000/2001 100%

2005/2006

The Financial Statements of the Company and the Group have been prepared on a historical cost basis, except for lands, financial assets at fair value

through profit or loss that have been valued at fair value.

The changes to accounting policies which have been disclosed in the company's Annual Report 2016/17, have been applied consistently to all periods

presented in these condensed Financial Statements.

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

to be comparable with those of the current period.

There have been no material events occuring after the balance sheet date that require adjustment or disclosure in the financial statement.

1984/1985 100%

100%

1993/1994 100%

1991/1992 80%

NOTES TO THE FINANCIAL STATEMENTS

09. Discontinued Operations

Period ended Period ended

30.06.2017 30.06.2016

Rs.000's Rs.000's

Net Revenue 408 22,684

Cost of Sales (4,819) (19,592)

Gross Profit (4,412) 3,092

Other Operating Income (345) 94

Distribution Expenses (3,771) (10,359)

Administrative Expenses (2,051) (3,828)

Finance Expenses (2,223) (6,003)

Loss for the period from discontinued operations (12,802) (17,004)

30.06.2017

Rs.000's

Assets

Property, Plant & Equipment 72,493

Inventories 31,448

Trade and Other Receivables 11,284

Other Non Financial Assets -

Cash and Cash Equivalents 165

Assets held for sale 115,391

Liabilities

Trade and Other Payables (13,029)

Interest Bearing Loans & Borrowings (49,888)

Retirement Benefit Liability (2,141)

Liabilities directly associated with the assets held for sale (65,059)

Net Assets directly associated with disposal group 50,332

Period ended Period ended

30.06.2017 30.06.2016

Rs.000's Rs.000's

Operating 68,366 2,268

Investing 2,758 (2,108)

Financing (75,080) 891

Net cash (outflow)/inflow (3,956) 1,051

10. Significant fall in the company net profit for the first quarter is mainly resultant of the difference in the dividend received from its associate

company LB Finance amounting to Rs. 146 Mn due to timing of the payments.

The net cash flows incurred by EPCI is as follows:


During the year 2016/17, the Board of Directors took a decision to cease the operations of Ever Paint and Chemical Industries (Private) Limited

("EPCI") and to dispose of the assets thereof. EPCI is a fully owned subsidiary of Royal Ceramics Lanka PLC and it was engaged in the business of

manufacturing and marketing of paints and allied products. With EPCI being classified as discontinued operations, the paint and allied products

segment is no longer presented in the segment note. The results of EPCI for the period is presented below:

The major classes of assets and liabilities of EPCI is classified as held for sale as at the end of the period:

11. Segment Information

Total

For the Period ended 30th June 2017 2016 2017 2016 2017 2016 2017 2016

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

Revenue

Sales to External Customers 3,598,090 3,556,413 403,635 468,282 625,788 416,657 551,199 493,522

Inter-Segment Sales - - 1,249 - 193 177 - 86

Total Revenue 3,598,090 3,556,413 404,885 468,282 625,981 416,834 551,199 493,608

Results

Gross Profit 1,603,025 1,542,359 180,904 194,122 62,599 (27,470) 158,188 158,422

Other Operating Income 93,385 147,442 615 1,431 6,489 1,174 949 766

Distribution Expenses (748,063) (660,419) (91,100) (91,772) - - (70,978) (56,130)

Administrative Expenses (263,090) (288,951) (8,838) (11,247) (31,075) (23,358) (31,423) (31,768)

Finance Costs (202,761) (177,930) (17,441) (14,579) (24,101) (18,208) (28,514) (13,748)

Finance Income 33,668 36,683 94 47 - 33 - -

Share of Associate Company's Profit - - - - - - - -

Net Profit before Income Tax 504,128 599,184 64,234 78,002 13,912 (67,829) 28,221 57,542

Income Tax Expense (164,874) (143,688) (13,737) (17,286) 1,542 (349) (8,702) -

Net Profit After Tax from Continuing Operations 339,254 455,496 50,497 60,716 15,454 (68,178) 19,519 57,542

As at 30th June

Segment Assets 38,689,933 36,289,216 4,128,165 3,507,377 3,999,645 3,738,674 2,361,703 1,817,042

Total assets 38,689,933 36,289,216 4,128,165 3,507,377 3,999,645 3,738,674 2,361,703 1,817,042

Segment liabilities 15,443,867 15,109,086 1,144,375 782,001 2,276,300 2,180,728 1,198,596 919,260

Total Liabilities 15,443,867 15,109,086 1,144,375 782,001 2,276,300 2,180,728 1,198,596 919,260

Other Segment Information

Total cost incurred during the period to acquire

Property, Plant & Equipment 468,507 624,124 29,020 93,604 58,562 45,676 56,393 94,764

Depreciation & Amortisation 243,999 236,331 27,906 25,193 34,081 33,446 18,786 15,262

Provisions for retirement benefit liability 17,697 19,621 945 627 17,949 19,077 330 623


Tiles & Associated Products Sanitoryware Plantation Aluminium

11. Segment Information (Cont..)

For the Period ended 30th June 2017 2016 2017 2016 2017 2016 2017 2016

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

Revenue

Sales to External Customers 584,220 532,770 - - 7,580 4,885 5,770,513 5,472,250

Inter-Segment Sales 35,442 39,909 - - 25,188 52,852 - -

Total Revenue 619,663 572,679 - - 32,768 57,737 5,770,513 5,472,250

Results

Gross Profit 74,619 84,812 - - 10,944 28,256 2,088,798 1,980,501

Other Operating Income 24,977 14,164 - - 9,251 9,271 56,721 31,550

Distribution Expenses (24,177) (21,291) - - (1,717) (5,027) (884,669) (759,925)

Administrative Expenses (33,020) (31,661) - - (11,398) (10,434) (356,101) (373,211)

Finance Costs (23,199) (16,434) - - (8,112) (8,070) (296,229) (246,223)

Finance Income - - - - 5 1,281 32,185 35,298

Share of Associate Company's Profit - - 245,151 237,773 2,574 (3,808) 247,724 233,965

Net Profit before Income Tax 19,200 29,590 245,151 237,773 1,548 11,469 876,393 901,955

Income Tax Expense (1,060) (7,027) - - (150) (1,821) (196,980) (172,648)

Net Profit After Tax from Continuing Operations 18,140 22,563 245,151 237,773 1,398 9,648 679,413 729,307

As at 30th June

Segment Assets 2,788,293 1,997,027 1,146,272 1,154,263 45,153,010 40,082,603

Total assets 2,788,293 1,997,027 1,146,272 1,154,263 45,153,010 40,082,603

Segment liabilities 1,469,307 743,981 313,679 372,841 18,828,536 17,368,941

Total Liabilities 1,469,307 743,981 313,679 372,841 18,828,536 17,368,941

Other Segment Information

Total cost incurred during the period to acquire

Property, Plant & Equipment 10,381 27,774 837 - 623,699 888,049

Depreciation & Amortisation 20,145 15,652 3,544 2,882 348,461 332,659

Provisions for retirement benefit liability 1,869 1,638 312 207 39,102 41,974


Packaging Finance Other Total

SHARE INFORMATION

1. Market prices of the share for the quarter ended 30th June

2017 2016

Rs. Cts. Rs. Cts.

Highest 134.70 124.00

Lowest 118.00 100.20

Closing 133.40 117.90

2. Twenty Major Share Holders

Number of Shares % of issued

as at 30.06.2017 capital

VALLIBEL ONE PLC 62,002,600 55.96

EMPLOYEES PROVIDENT FUND 15,277,998 13.79

HSBC INTL NOM LTD - BBH- GRANDEUR PEAK EMERGING MARKETS OPPORTUNITIES FUND 3,593,775 3.24

PERSHING LLC S/A AVERBACH GRAUSON & CO 3,257,803 2.94

HSBC INTL NOM LTD-MSCD-BRIARWOOD CAPITAL PARTNERS LP 1,972,748 1.78

NATIONAL SAVINGS BANK 1,834,159 1.66

HSBC INTL NOM LTD -BBH GRANDEUR PEAK GLOBAL REACH FUND 1,352,145 1.22

BNYMSANV RE - COMPASS ASIA PARTNERS, L.P. 1,100,000 0.99

EMPLOYEES TRUST FUND BOARD 828,880 0.75

MR. A.M. WEERASINGHE 749,928 0.68

AIA INSURANCE LANKA PLC A/C NO. 7 710,000 0.64

MRS S N FERNANDO 550,000 0.50

MERCANTILE INVESTMENTS AND FINANCE PLC 550,000 0.50

AMAYA LEISURE PLC 521,600 0.47

MAS CAPITAL (PRIVATE) LIMITED 473,095 0.43

BANK OF CEYLON NO 2 A/C 469,410 0.42

MR D L B C PERERA & MRS I V KARIYAKARAWANA 411,662 0.37

MELLON BANK N.A-COMMONWEALTH OF MASSACHUSETTS 314,901 0.28

HSBC INTL NOM LTD-BBH-GRANDEUR PEAK GLOBAL MICRO CAP FUND 267,000 0.24

FIRST CAPITAL LIMITED 217,375 0.20

3. The percentage of shares held by the public as at 30th June 2017 - 42.5% comprising of 10,797 shareholders

4. Directors' shareholding

No of shares No of shares

As at 30 June 2017 As at 30 June 2016

Mr. K D D Perera 200,772 200,772

Mr. A M Weerasinghe 749,928 749,928

Mr. T G Thoradeniya 185,680 185,680

(Alternate Director to Mr.Dhammika Perera)

Mr. L T Samarawickrama 2,000 2,000

Mr. G A R D Prasanna 5,000 5,000

Mr. R N Asirwatham - -

Mr. S H Amarasekera - -

Ms.N R Thambiyah - -

Mr. L N de S Wijeyeratne - -

Mr. M Y A Perera 220 -


CORPORATE INFORMATION

NAME OF THE COMPANY ROYAL CERAMICS LANKA PLC

COMPANY REGISTRATION NO PQ 125

LEGAL FORM A Public Quoted Company with limited liability incorporated under the provisions

of Companies Act No.7 of 2007.

DATE OF INCORPORATION 29th August 1990

NATURE OF BUSINESS Manufacture and Sale of Porcelain & Ceramic Tiles

HEAD OFFICE AND REGISTERED OFFICE 10, R A De Mel Mawatha, Colombo 3

Telephone 114799400

Fax 114720077

E- Mail [email protected]

Website www.rocell.com

BOARD OF DIRECTORS Mr. K D D Perera - Chairman

Mr. A M Weerasinghe - Deputy Chairman

Mr. M Y A Perera - Managing Director

Mr. T G Thoradeniya - Director Marketing & Business Development

Mr. L T Samarawickrema

Mr. R N Asirwatham

Mr. G A R D Prasanna

Mr. S H Amarasekera

Ms. N R Thambiayah

Mr. L N D S Wijeyeratne

SUBSIDIARY COMPANIES Royal Porcelain (Pvt) Ltd

Rocell Bathware Ltd

Royal Ceramics Distributors (Pvt) Ltd

Ever Paint and Chemical Industries (Pvt) Ltd

Rocell Ceramics Limited

Rocell Pty Ltd - Australia

Nilano Garments (Pvt) Ltd

Lanka Ceramic PLC & its Subsidiaries

ASSOCIATED COMPANIES Delmege Limited

LB Finance PLC

SECRETARIES PW Corporate Secretarial (Pvt) Ltd

No. 3/17 ,Kynsey Road,

Colombo - 08

Telephone (94-11) 4640360-3

Fax (94-11) 4740588

AUDITORS Ernst & Young, Chartered Accountants

201, De Saram Place,

P.O. Box 101,

Colombo 10.

BANKERS Commercial Bank of Ceylon PLC

Hatton National Bank PLC

Seylan Bank PLC

Bank of Ceylon

Standard Chartered Bank Ltd

Sampath Bank PLC

PABC Bank PLC

DFCC Bank PLC

HSBC Ltd

MCB Bank Ltd


Documents

ROYAL CERAMICS LANKA PLC - Colombo Stock Exchange · royal ceramics lanka plc interim financial statements for the period ended 30th june 2017