BUKIT DARAH

PLC
Condensed Interim Financial Statements
for the period ended 31st December 2021
Company Income Statement
(Amounts expressed in Sri Lankan Rs. ‘000)

3Q 2021 3Q 2020 Change 9M 2021 9M 2020 Change

Rs’000 Rs’000 % Rs’000 Rs’000 %

Revenue 5,312 67,706 (92) 158,973 78,881 102

Direct operating expenses - - - - - -
5,312 67,706 (92) 158,973 78,881 102
Items of expenses
Administrative expenses (6,637) (5,592) 19 (21,387) (18,531) 15

Profit/(loss) from operations (1,325) 62,114 (102) 137,586 60,350 128

Income tax expenses

Current taxation - (1,193) (100) (2,536) (1,410) 80
Profit/(loss) for the period (1,325) 60,921 (102) 135,050 58,940 129

Other Comprehensive Income (OCI)

Equity investments at FVOCI – net change in (12,350) 44,070 (128) (24,700) 84,500 (129)
fair value
Total other comprehensive income/(expenses) (12,350) 44,070 (128) (24,700) 84,500 (129)

Total Comprehensive Income /(expenses) for (13,675) 104,991 (113) 110,350 143,440 (23)
the period

Basic earnings/(loss) per share (Rs.) (0.01) 0.51 (103) 1.18 0.49 140

Dividend per ordinary share (Rs.) - 0.60 - 1.00 0.60 67

Figures in brackets indicate deductions.

The notes on pages 10 to 22 form an integral part of these financial statements.

10th February 2022

1
Bukit Darah PLC | Condensed Interim Financial Statements for the period ended 31st December 2021

Company Statement of Financial Position

(Amounts expressed in Sri Lankan Rs. ‘000)

As at As at
31st December 31.03.2021
2021 (Audited)

ASSETS
Non - Current Assets
Investments in subsidiaries 7,026,770 7,026,770
Investment in equity securities 715,000 739,700
Total non - current assets 7,741,770 7,766,470

Current Assets
Other non financial receivables 2,280 5,798
Current tax recoverable 405 442
Cash and cash equivalents 36,798 11,534
Total current assets 39,483 17,774
Total assets 7,781,253 7,784,244

EQUITY AND LIABILITIES

EQUITY
Stated capital 412,635 412,635
Capital reserves 40,000 40,000
Revenue reserves 7,244,632 7,251,014
Total equity 7,697,267 7,703,649

Current Liabilities
Other financial payables 83,986 80,595
Total current liabilities 83,986 80,595
Total liabilities 83,986 80,595
Total equity and liabilities 7,781,253 7,784,244
Net assets per ordinary share (Rs.) 75.06 75.13

I certify that these financial statements are in compliance with the requirements of Companies Act No. 7 of 2007.

Sgd.
A. P. Weeratunge
Director
Carsons Management Services (Private) Limited

The Board of Directors is responsible for the preparation and presentation of these financial statements. These financial statements were
approved by the Board on 10th February 2022.



Sgd Sgd.
M. Selvanathan D. C. R. Gunawarden
Director Director

The notes on pages 10 to 22 form an integral part of these financial statements.

2
Company Statement of Changes in Equity
(Amounts expressed in Sri Lankan Rs. ‘000)

Stated Capital Revenue Total

Capital Reserve Reserve Equity

Balance as at 31st March 2021 (Audited) 412,635 40,000 7,251,014 7,703,649

Profit for the period - - 135,050 135,050
Other comprehensive expenses for the period - - (24,700) (24,700)
Total Comprehensive Income for the period - - 110,350 110,350

Transaction with owners of the Company, recognised directly in equity

Dividend paid - Ordinary Shares (102,000) (102,000)
Dividend paid - Participating Cumulative Preference Shares - - (14,732) (14,732)
Balance as at 31st December 2021 (Unaudited) 412,635 40,000 7,244,632 7,697,267

Balance As at 31st March' 2020 (Audited) 412,635 40,000 7,201,715 7,654,350

Profit for the period - - 58,940 58,940
Other Comprehensive income for the period - - 84,500 84,500
Total comprehensive income for the period - - 143,440 143,440

Transaction with owners of the Company, recognised directly in equity

Dividend paid - Ordinary Shares - - (61,200) (61,200)
Dividend paid - Participating Cumulative Preference Shares - - (8,845) (8,845)
Balance as at 31st December 2020 (Unaudited) 412,635 40,000 7,275,110 7,727,745

The notes on pages 10 to 22 form an integral part of these financial statements.

Figures in brackets indicate deductions.

3
Bukit Darah PLC | Condensed Interim Financial Statements for the period ended 31st December 2021

Company Statement of Cash Flow

(Amounts expressed in Sri Lankan Rs. ‘000)

For the period ended 31st December 2021 2020

Cash flows from operating activities

Profit before income tax expenses 137,586 60,350

Working capital changes

Trade and other receivables 3,518 2,877
Trade and other payables (2,012) 7,570

Cash generated from operations 139,092 70,797

Income tax paid (2,499) -
Net cash generated from operating activities 136,593 70,797

Cash flows from financing activities

Dividend paid by the Company (111,329) -
Net cash used in financing activities (111,329) -
Net increase in cash & cash equivalents 25,264 70,797
Cash & cash equivalents at the beginning of the year 11,534 30,256
Cash & cash equivalents at the end of the period 36,798 101,053

Statement of Cash & Cash Equivalents

Cash and cash equivalents 36,798 101,053
36,798 101,053

The notes on pages 10 to 22 form an integral part of these financial statements.

4
Consolidated Income Statement
(Amounts expressed in Sri Lankan Rs. ‘000)

3Q 2021 3Q 2020 Change 9M 2021 9M 2020 Change

Rs’000 Rs’000 % Rs’000 Rs’000 %

Continuing operations
Revenue 46,262,661 32,676,200 42 114,657,778 81,245,806 41
Direct operating expenses (34,719,003) (23,258,705) 49 (85,160,165) (59,519,342) 43
Gross profit 11,543,658 9,417,495 23 29,497,613 21,726,464 36

Other income 249,905 322,946 (23) 601,627 1,034,159 (42)

Change in fair value of Fair Value Through 821,254 776,558 6 456,312 2,291,941 (80)
Profit or Loss financial assets

Distribution expenses (1,942,237) (1,826,191) 6 (5,206,597) (4,223,683) 23

Administrative expenses (2,685,208) (2,495,027) 8 (7,622,759) (6,214,033) 23
Other operating expenses (225,751) (151,177) 49 (478,225) (368,977) 30
Foreign exchange gain 79,122 794,643 (90) 293,148 2,018,644 (85)
Profit before net finance costs 7,840,743 6,839,247 15 17,541,119 16,264,515 8
Net finance costs (1,606,614) (1,502,046) 7 (4,769,013) (4,913,780) (3)
Share of loss of equity accounted investee, (3,631) (5,599) (35) (22,565) (17,780) 27
(net of tax)
Profit before tax 6,230,498 5,331,602 17 12,749,541 11,332,955 12

Income tax expenses

Current taxation (1,653,985) (1,140,188) 45 (3,532,062) (2,848,513) 24
Deferred taxation (375,032) (139,540) 169 (557,623) (80,825) 590
(2,029,017) (1,279,728) 59 (4,089,685) (2,929,338) 40
Profit from continuing operations 4,201,481 4,051,874 4 8,659,856 8,403,617 3

Discontinued operations
Profit/(loss) from discontinued operations, (42,884) (9,009) 376 (135,590) 12,085 (1,222)
(net of tax)
Gain on disposal of subsidiary 413,829 - - 413,829 76,158 443
Net impact from discontinued operations, (net 370,945 (9,009) (4,217) 278,239 88,243 215
of tax)

Profit for the period 4,572,426 4,042,865 13 8,938,095 8,491,860 5

Profit Attributable to:

Owners of the Company 1,957,688 1,580,598 24 4,009,943 3,145,887 27
Non controlling interest 2,614,738 2,462,267 6 4,928,152 5,345,973 (8)
4,572,426 4,042,865 13 8,938,095 8,491,860 5

Basic earnings per share (Rs.) 19.19 15.41 25 39.17 30.76 27

Basic earnings per share - Continuing 15.57 15.54 - 35.94 30.22 19
operations (Rs.)
Dividend Per ordinary share (Rs.) - 0.60 - 1.00 0.60 67
* Discontinued operations for the current period and prior period refers to results of Arani Agro Oil Industries Private Limited and Guardian
Capital Partners PLC which is further explained in Note 06.

Figures in brackets indicate deductions.

The notes on pages 10 to 22 form an integral part of these financial statements.

10th February 2022

5
Bukit Darah PLC | Condensed Interim Financial Statements for the period ended 31st December 2021

Statement of Profit or Loss and other

Comprehensive Income
(Amounts expressed in Sri Lankan Rs. ‘000)

3Q 2021 3Q 2020 Change 9M 2021 9M 2020 Change

Rs’000 Rs’000 % Rs’000 Rs’000 %

Profit for the period 4,572,426 4,042,865 13 8,938,095 8,491,860 5

Other Comprehensive Income/(expenses)

Items that are or may be reclassified
subsequently to profit or loss:

Exchange differences on translation of foreign 236,677 4,090,817 (94) 1,856,895 9,673,966 (81)
operations
Gain on effective portion of changes in fair value of - (704,917) (100) 363,327 (561,751) (165)
cash flow hedge
Share of other comprehensive income of equity (17,491) 4,575 (482) (15,049) 7,726 (295)
accounted investee, (net of tax)

Other comprehensive income for the period, 219,186 3,390,475 (94) 2,205,173 9,119,941 (76)
(net of tax)

Total Comprehensive Income for the period 4,791,612 7,433,340 (36) 11,143,268 17,611,801 (37)

Total Comprehensive Income Attributable to:

Owners of the Company 2,075,861 3,390,369 (39) 5,236,779 8,192,017 (36)
Non controlling interest 2,715,751 4,042,971 (33) 5,906,489 9,419,784 (37)
4,791,612 7,433,340 (36) 11,143,268 17,611,801 (37)
Figures in brackets indicate deductions.
The notes on pages 10 to 22 form an integral part of these financial statements.

10th February 2022

6
Consolidated Statement of Financial Position
(Amounts expressed in Sri Lankan Rs. ‘000)

As at 31st December 31.03.2021

2021 (Audited)

ASSETS
Non - Current Assets
Property, plant & equipment 66,923,937 66,716,482
Bearer Plants 33,531,072 33,854,400
Investment properties 4,479,467 4,479,466
Intangible assets 9,087,802 9,140,008
Investments in equity accounted investee 636,205 658,797
Deferred tax assets 3,489,768 3,496,190
Other financial receivables 24,759 24,759
Other non financial receivables 9,515,901 9,441,434
Total non - current assets 127,688,911 127,811,536
Current Assets
Inventories 14,232,585 10,265,113
Trade receivables 5,092,573 4,800,369
Other financial receivables 2,046,126 2,167,121
Other non financial receivables 8,319,813 8,953,531
Current tax recoverable 69,502 39,626
Investment in equity and debt securities 10,202,835 9,776,923
Investment in Unit trusts 480,196 198,153
Derivative financial instruments 544,172 190,638
Biological assets 2,433,530 2,372,008
Cash and cash equivalents 24,502,246 19,177,256
67,923,578 57,940,738
Assets held for sale 678,196 1,511,098
Total current assets 68,601,774 59,451,836
Total assets 196,290,685 187,263,372
EQUITY AND LIABILITIES
EQUITY
Stated capital 412,635 412,635
Capital reserves 2,665,125 2,663,743
Revenue reserves 27,534,095 22,344,679
Equity attributable to owners of the Company 30,611,855 25,421,057
Non-controlling interest 47,912,630 43,778,720
Total equity 78,524,485 69,199,777
Investment through subsidiary (10,688) (10,688)
Total equity 78,513,797 69,189,089
LIABILITIES
Non - Current Liabilities
Loans and borrowings 52,736,138 54,319,018
Lease liabilities 356,422 503,093
Other financial payables 85,828 909,336
Other non financial liabilities 1,735,262 1,649,427
Derivative financial instruments 1,109,099 1,104,061
Deferred tax liabilities 10,804,161 10,254,060
Total non - current liabilities 66,826,910 68,738,995
Current Liabilities
Trade payables 5,173,057 3,718,062
Other financial payables 12,961,779 14,853,921
Current tax liabilities 1,463,558 2,563,333
Derivative financial instruments - 315,332
Loans and borrowings 30,948,567 27,421,397
Lease liabilities 403,017 463,243
Total current liabilities 50,949,978 49,335,288
Total liabilities 117,776,888 118,074,283
Total equity and liabilities 196,290,685 187,263,372
Net assets per ordinary share (Rs.) 299.72 248.83
I certify that these financial statements are in compliance with the requirements of Companies Act No. 7 of 2007.
Sgd.
A. P. Weeratunge
Director
Carsons Management Services (Pvt) Ltd.

The Board of Directors is responsible for the preparation and presentation of these financial statements. These financial statements were
approved by the Board on 10th February 2022.
Sgd. Sgd.
M. Selvanathan D. C. R. Gunawardena
Director Director

The notes on pages 10 to 22 form an integral part of these financial statements.

7
Bukit Darah PLC | Condensed Interim Financial Statements for the period ended 31st December 2021

Consolidated Statement of Changes in Equity

(Amounts expressed in Sri Lankan Rs. ‘000)

Stated Capital Revenue Attributable Non - Total Equity

Capital Reserve Reserve to owners of controlling
the company interest

Balance as at 31st March 2021 (Audited) 412,635 2,663,743 22,344,679 25,421,057 43,778,720 69,199,777
Profit for the period - - 4,009,943 4,009,943 4,928,152 8,938,095
Other comprehensive income for the period - - 1,226,836 1,226,836 978,337 2,205,173
Total comprehensive income for the period - - 5,236,779 5,236,779 5,906,489 11,143,268

Transactions with owners of the Company

contributions and Distributions
Dividend paid - - (116,732) (116,732) - (116,732)
Dividend paid - Non controlling shareholders - - - - (1,097,220) (1,097,220)
Acquisition, disposal and changes in non-
controlling interest - 1,382 69,369 70,751 (675,359) (604,608)
Total Contributions by and distributions to
owners - 1,382 (47,363) (45,981) (1,772,579) (1,818,560)

Balance as at 31st December 2021

(Unaudited) 412,635 2,665,125 27,534,095 30,611,855 47,912,630 78,524,485

Balance as at 31st March 2020 (Audited) 412,635 2,486,028 13,872,300 16,770,963 32,547,777 49,318,740
Profit for the period - - 3,145,887 3,145,887 5,345,973 8,491,860
Other Comprehensive Income for the period - - 5,046,130 5,046,130 4,073,811 9,119,941
Total comprehensive Income for the period - - 8,192,017 8,192,017 9,419,784 17,611,801

Transactions with owners of the Company

contributions and Distributions
Share capital contributed by non-controlling
shareholders - - - - 942,636 942,636
Dividend paid - - (70,045) (70,045) - (70,045)
Dividend paid - Non controlling shareholders - - - - (474,591) (474,591)
Acquisition, disposal and changes in non-
controlling interest - 171 (192,354) (192,183) 24,667 (167,516)

Total Contributions by and distributions to

owners - 171 (262,399) (262,228) 492,712 230,484

Balance as at 31st December 2020

(Unaudited) 412,635 2,486,199 21,801,918 24,700,752 42,460,273 67,161,025

The notes on pages 10 to 22 form an integral part of these financial statements.

8
Consolidated Statement of Cash Flow
(Amounts expressed in Sri Lankan Rs. ‘000)

Group
For the period ended 31st December 2021 2020
Cash flows from operating activities
Profit before income tax expenses from continuing operations 12,749,541 11,332,955
Profit / (loss) before income tax expenses from discontinued operations (132,135) 15,729
12,617,406 11,348,684
Adjustments for:
Mark to market value adjustments - unrealized (456,312) (2,308,380)
Share of net result of equity accounted investee 22,565 17,780
Depreciation on property, plant & equipment 3,665,259 3,250,409
Depreciation on Bearer Plants 1,316,910 1,448,374
Amortization of intangible assets/prepaid lease payment 246,118 245,675
Provision for retiring gratuity 195,945 177,220
Finance expenses 4,787,178 4,956,258
Plasma interest income (513,066) (507,043)
Re classification of long term loans 500,000 500,000
Profit on disposal of property, plant & equipment (11,720) (315)
Unrealized gain on Derivative financial instruments (24,832) (39,176)
Reversal for Inventories (2,867) 1,871
Exchange impact on translation of foreign operations 798,196 489,458
10,523,374 8,232,130

23,140,780 19,580,814
Changes in
Inventories (3,964,605) (1,265,289)
Trade and other receivables 398,493 (1,724,024)
Trade and other payables 971,954 (276,811)
20,546,622 16,314,690
Net cash movement in investments (251,643) 172,210

Cash generated from operations 20,294,979 16,486,900

Interest paid (4,483,454) (4,979,284)
Income tax paid (4,311,892) (1,207,937)
Gratuity paid (174,757) (93,266)
Net cash generated from operating activities 11,324,876 10,206,413

Cash flows from investing activities

Payments for property, plant & equipment/investment property (5,749,444) (3,685,323)
Payments for bearer plant development costs (144,187) (131,704)
Payments for intangible assets / prepaid lease payments (60,479) (7,638)
Payments for acquisition of additional interest in subsidiaries (157,811) -
Net cash cashflow from disposal of a subsidiary (73,253) (40,565)
Movement in plasma investment 622,608 424,774
Proceeds from disposal of property, plant & equipment and bearer plants 67,399 68,163
Deposits received 295,407 274,452
Net cash used in investing activities (5,199,760) (3,097,841)

Cash flows from financing activities

Net change in borrowings (4,807,434) (236,883)
Payment of finance lease creditors (411,854) (396,418)
Non controlling interest Contribution for Subsidiary Share Issues - 1,043,178
Dividend paid to non - controlling shareholders by subsidiary (1,097,220) (466,481)
Dividend paid by the Company (86,566) -
Net cash used in financing activities (6,403,074) (56,604)
Net increase/(decrease) in cash & cash equivalents (277,958) 7,051,968
Cash & cash equivalents at the beginning of the year 1,031,314 (5,890,209)
Cash & cash equivalents at the end of the period 753,356 1,161,759
The notes on pages 10 to 22 form an integral part of these financial statements.

9
Bukit Darah PLC | Condensed Interim Financial Statements for the period ended 30th September 2021

Notes to the Condensed Interim Financial

Statements
(Amounts expressed in Sri Lankan Rs. ‘000)

Operating Segment Information - Group

(a). Segmental results are as follows:
Investment Portfolio & Asset Oil Palm Oils & Fats
Holding Management Plantations
3Q 3Q 3Q 3Q 3Q 3Q 3Q 3Q
2021/22 2020/21 2021/22 2020/21 2021/22 2020/21 2021/22 2020/21

Total revenue 135,418 309,744 365,606 539,975 25,946,756 22,802,566 12,013,186 6,571,128
Intra segment revenue - (67,280) (31,434) (27,928) (10,137,223) (10,593,091) (68,683) (183,007)
Segment revenue 135,418 242,464 334,172 512,047 15,809,533 12,209,475 11,944,503 6,388,121
Inter segment revenue (131,181) (216,715) (20,694) - (286,938) (280,095) (248,804) (265,349)
Revenue 4,237 25,749 313,478 512,047 15,522,595 11,929,380 11,695,699 6,122,772

Profit/(loss) from operations (19,279) 7,014 262,344 459,365 3,964,748 3,204,052 526,558 213,880
Other material non‑cash items
Foreign exchange gains/ (losses) - - (9) (1) 5,619 623,834 76,399 165,436
Change in fair value of business
assets (5,438) 9,357 826,394 766,418 - - - -
Profit/(loss) before net finance costs (24,717) 16,371 1,088,729 1,225,782 3,970,367 3,827,886 602,957 379,316

Net Finance cost (35,271) (51,805) 1,810 (8,539) (1,342,938) (1,230,828) (110,702) (97,875)
Share of profit/(loss) of equity
accounted investee, (net of tax) - - (413) - - - (3,218) (5,599)
Profit/(loss) before Income tax
expenses (59,988) (35,434) 1,090,126 1,217,243 2,627,429 2,597,058 489,037 275,842
Income tax expenses
Current taxation 35 (1,193) (13,682) (4,758) (864,733) (636,270) - (1,114)
Deferred taxation - - - - (271,578) (147,376) (109,090) (3,341)
35 (1,193) (13,682) (4,758) (1,136,311) (783,646) (109,090) (4,455)
Profit/(loss) from continuing
operations (59,953) (36,627) 1,076,444 1,212,485 1,491,118 1,813,412 379,947 271,387

Discontinued operation
Profit/(loss) from discontinued
operation, net of tax - - 415,434 25,844 - - (44,489) (34,853)
Profit/(loss) for the period (59,953) (36,627) 1,491,878 1,238,329 1,491,118 1,813,412 335,458 236,534

Attributable to:
Owners of the Company (33,998) (20,194) 714,383 328,549 804,101 984,199 158,324 106,054
Non controlling interest (25,955) (16,433) 777,495 909,780 687,017 829,213 177,134 130,480
(59,953) (36,627) 1,491,878 1,238,329 1,491,118 1,813,412 335,458 236,534

Purchase and construction of PPE/

bearer plant/IP/ROU - - - 1,053 1,639,313 1,687,498 32,958 28,728
Depreciation of property, plant &
equipment/bearer plant - - 318 (2,917) 1,133,551 1,087,552 146,954 114,138
Purchase of intangible assets/
prepaid lease payments - - - - 9,058 3,151 18 (1)
Amortization of intangible assets/
prepaid lease payment - - 1,111 6,017 82,683 72,610 412 8,349
Employee benefit provision - - 772 624 54,205 61,482 - -

10
(Amounts expressed in Sri Lankan Rs. ‘000)

Beverage Real Estate Leisure Management Services Group

3Q 3Q 3Q 3Q 3Q 3Q 3Q 3Q 3Q 3Q
2021/22 2020/21 2021/22 2020/21 2021/22 2020/21 2021/22 2020/21 2021/22 2020/21

19,007,060 14,205,372 69,694 71,389 108,808 22,611 158,089 152,574 57,804,617 44,675,359
(451,570) (206,896) - - - - - - (10,688,910) (11,078,202)
18,555,490 13,998,476 69,694 71,389 108,808 22,611 158,089 152,574 47,115,707 33,597,157
- - (7,552) (6,590) - - (157,877) (152,208) (853,046) (920,957)
18,555,490 13,998,476 62,142 64,799 108,808 22,611 212 366 46,262,661 32,676,200

2,192,810 1,401,423 38,941 46,930 (33,072) (70,183) 7,317 5,565 6,940,367 5,268,046

(2,887) 5,374 - - - - - - 79,122 794,643

- - 298 783 - - - - 821,254 776,558

2,189,923 1,406,797 39,239 47,713 (33,072) (70,183) 7,317 5,565 7,840,743 6,839,247

(119,913) (114,139) 3,407 3,279 (3,266) (1,587) 259 (552) (1,606,614) (1,502,046)

- - - - - - - - (3,631) (5,599)

2,070,010 1,292,658 42,646 50,992 (36,338) (71,770) 7,576 5,013 6,230,498 5,331,602

(765,905) (484,722) (9,700) (11,520) - (611) - - (1,653,985) (1,140,188)

592 (10,966) (87) 7,253 5,131 14,890 - - (375,032) (139,540)
(765,313) (495,688) (9,787) (4,267) 5,131 14,279 - - (2,029,017) (1,279,728)

1,304,697 796,970 32,859 46,725 (31,207) (57,491) 7,576 5,013 4,201,481 4,051,874

- - - - - - - - 370,945 (9,009)
1,304,697 796,970 32,859 46,725 (31,207) (57,491) 7,576 5,013 4,572,426 4,042,865

310,231 183,092 14,014 20,238 (12,827) (23,631) 3,460 2,291 1,957,688 1,580,598
994,466 613,878 18,845 26,487 (18,380) (33,860) 4,116 2,722 2,614,738 2,462,267
1,304,697 796,970 32,859 46,725 (31,207) (57,491) 7,576 5,013 4,572,426 4,042,865

729,370 229,011 - 21,207 4,385 54 102 1,107 2,406,128 1,968,658

400,496 354,352 80 47 23,104 20,839 10,873 9,203 1,715,376 1,583,214

- - - - - - - - 9,076 3,149

3,051 1,306 - - 135 84 136 - 87,528 88,365

22,611 4,277 78 78 1,182 1,038 4,500 4,500 83,348 71,999

11
Bukit Darah PLC | Condensed Interim Financial Statements for the period ended 31st December 2021

Notes to the Financial Statements

(Amounts expressed in Sri Lankan Rs. ‘000)

Operating Segment Information - Group

(a). Segmental results are as follows:
Investment Portfolio & Asset Oil Palm Oils & Fats
Holding Management Plantations
9M 9M 9M 9M 9M 9M 9M 9M
2021/22 2020/21 2021/22 2020/21 2021/22 2020/21 2021/22 2020/21

Total revenue 870,171 491,308 994,443 1,105,915 82,956,514 47,892,746 31,223,430 17,820,439
Intra segment revenue (134,560) (67,280) (219,944) (180,118) (40,229,636) (20,923,881) (205,485) (183,007)
Segment revenue 735,611 424,028 774,499 925,797 42,726,878 26,968,865 31,017,945 17,637,432
Inter segment revenue (721,881) (385,840) (20,694) - (472,334) (442,066) (671,666) (265,349)
Revenue 13,730 38,188 753,805 925,797 42,254,544 26,526,799 30,346,279 17,372,083

Profit/(loss) from operations (62,991) (38,277) 607,553 787,741 11,137,101 7,204,047 1,118,945 435,955
Other material non‑cash items
Foreign exchange gains/ (losses) 2,945 - 5 (99) 177,419 1,693,170 118,363 313,674
Change in fair value of business
assets (477) 16,750 456,230 2,274,408 - - - -
Profit/(loss) before net finance
costs (60,523) (21,527) 1,063,788 3,062,050 11,314,520 8,897,217 1,237,308 749,629

Net Finance cost (108,832) (193,338) 4,917 (57,892) (4,001,183) (3,830,931) (343,421) (320,164)
Share of profit/(loss) of equity
accounted investee, (net of tax) - - (1,100) 2,610 - - (21,465) (20,390)
Profit/(loss) before Income tax
expenses (169,355) (214,865) 1,067,605 3,006,768 7,313,337 5,066,286 872,422 409,075
Income tax expenses
Current taxation (2,536) (1,410) (39,162) (32,276) (2,037,126) (1,539,035) - (1,008)
Deferred taxation - - - - (526,712) (135,621) (188,880) 2,064
(2,536) (1,410) (39,162) (32,276) (2,563,838) (1,674,656) (188,880) 1,056
Profit/(loss) from continuing
operations (171,891) (216,275) 1,028,443 2,974,492 4,749,499 3,391,630 683,542 410,131

Discontinued operation
Profit/(loss) from discontinued
operation, net of tax - - 425,031 165,705 - - (146,792) (77,462)
Profit/(loss) for the period (171,891) (216,275) 1,453,474 3,140,197 4,749,499 3,391,630 536,750 332,669

Attributable to:
Owners of the Company (94,308) (132,812) 700,180 886,724 2,610,888 1,825,975 250,037 144,484
Non controlling interest (77,583) (83,463) 753,294 2,253,473 2,138,611 1,565,655 286,713 188,185
(171,891) (216,275) 1,453,474 3,140,197 4,749,499 3,391,630 536,750 332,669

Purchase and construction of

PPE/bearer plant/IP/ROU - - 1,036 1,053 4,102,036 2,859,298 125,763 98,685
Depreciation of property, plant &
equipment/bearer plant - - 987 635 3,281,661 3,248,374 438,569 335,044
Purchase of intangible assets/
prepaid lease payments - - - - 46,060 7,079 14,419 560
Amortization of intangible
assets/prepaid lease payment - - 3,334 8,240 223,490 207,549 9,412 25,371
Employee benefit provision - - 2,314 1,871 161,410 145,508 - -

12
(Amounts expressed in Sri Lankan Rs. ‘000)

Beverage Real Estate Leisure Management Services Group

9M 9M 9M 9M 9M 9M 9M 9M 9M 9M
2021/22 2020/21 2021/22 2020/21 2021/22 2020/21 2021/22 2020/21 2021/22 2020/21

42,262,984 36,962,919 209,551 204,930 213,965 111,516 420,872 413,434 159,151,930 105,003,207
(1,376,762) (880,830) - - - - - - (42,166,387) (22,235,116)
40,886,222 36,082,089 209,551 204,930 213,965 111,516 420,872 413,434 116,985,543 82,768,091
- - (22,640) (18,265) - - (418,550) (410,765) (2,327,765) (1,522,285)
40,886,222 36,082,089 186,911 186,665 213,965 111,516 2,322 2,669 114,657,778 81,245,806

3,998,344 3,611,581 120,899 129,021 (138,316) (196,925) 10,124 20,787 16,791,659 11,953,930

(5,584) 11,899 - - - - - - 293,148 2,018,644

- - 559 783 - - - - 456,312 2,291,941

3,992,760 3,623,480 121,458 129,804 (138,316) (196,925) 10,124 20,787 17,541,119 16,264,515

(319,770) (516,024) 7,569 9,575 (8,972) (2,863) 679 (2,143) (4,769,013) (4,913,780)

- - - - - - - - (22,565) (17,780)

3,672,990 3,107,456 129,027 139,379 (147,288) (199,788) 10,803 18,644 12,749,541 11,332,955

(1,423,641) (1,238,666) (29,202) (33,925) (395) (2,193) - - (3,532,062) (2,848,513)

136,798 23,063 (210) (1,180) 21,381 30,849 - - (557,623) (80,825)
(1,286,843) (1,215,603) (29,412) (35,105) 20,986 28,656 - - (4,089,685) (2,929,338)

2,386,147 1,891,853 99,615 104,274 (126,302) (171,132) 10,803 18,644 8,659,856 8,403,617

- - - - - - - - 278,239 88,243
2,386,147 1,891,853 99,615 104,274 (126,302) (171,132) 10,803 18,644 8,938,095 8,491,860

547,658 424,606 42,468 58,735 (51,914) (70,341) 4,934 8,516 4,009,943 3,145,887
1,838,489 1,467,247 57,147 45,539 (74,388) (100,791) 5,869 10,128 4,928,152 5,345,973
2,386,147 1,891,853 99,615 104,274 (126,302) (171,132) 10,803 18,644 8,938,095 8,491,860

1,649,245 831,846 2,752 21,507 10,268 283 2,531 4,355 5,893,631 3,817,027

1,158,442 1,024,443 224 136 69,602 62,735 32,684 27,416 4,982,169 4,698,783

- - - - - - - - 60,479 7,638

9,342 4,217 - - 404 252 136 47 246,118 245,675

14,942 12,942 233 233 3,546 3,164 13,500 13,500 195,945 177,218

13
Bukit Darah PLC | Condensed Interim Financial Statements for the period ended 31st December 2021

Notes to the Financial Statements

(Amounts expressed in Sri Lankan Rs. ‘000)

Operating Segment Information - Group

(b) Segments Assets / Liabilities are as follows:
Investment Portfolio & Asset Oil Palm Oils & Fats
Holding Management Plantations
As at 31.12.2021 31.03.2021 31.12.2021 31.03.2021 31.12.2021 31.03.2021 31.12.2021 31.03.2021

SEGMENT ASSETS
Non - Current Assets
Fixed assets* - - 8,800 2,541 70,050,281 70,358,475 7,954,023 8,179,474
Intangible assets (Including
land rights) - - 88,495 91,830 6,153,368 6,206,622 1,437,743 1,423,630
Investments in equity
accounted investee - - 49,614 52,113 - - 586,591 606,683
Deferred tax assets - - 2,447 2,447 3,443,669 3,450,091 - -
Other financial receivables - - - - - - - -
Other non financial
receivables - - - - 9,515,901 9,441,434 - -
Total non - current assets - - 149,356 148,931 89,163,219 89,456,622 9,978,357 10,209,787

Current Assets
Inventories/biological assets - - - 6,440,452 5,176,264 6,583,673 3,656,568
Trade debtors and other
financial assets 74 10,158 56,715 208,388 2,760,889 2,559,377 2,798,290 3,259,162
Other non financial
receivables 13,550 14,604 28,702 77,215 5,987,075 7,471,993 732,801 309,909
Investment in equity and debt
Securities, unit trust 90,104 90,581 10,537,398 9,862,924 465,752 190,596 78,421 -
Cash and cash equivalents 243,688 914,994 3,468,151 2,491,466 7,583,342 4,063,252 1,255,638 1,390,255
Total current assets 347,416 1,030,337 14,090,966 12,639,993 23,237,510 19,461,482 11,448,823 8,615,894
Assets held for sale - - - 787,937 - - 678,196 723,161
347,416 1,030,337 14,090,966 13,427,930 23,237,510 19,461,482 12,127,019 9,339,055
Total segmental assets 347,416 1,030,337 14,240,322 13,576,861 112,400,729 108,918,104 22,105,376 19,548,842

SEGMENT LIABILITIES
Non - Current Liabilities
Loans and borrowings 616,667 343,750 - - 47,401,889 48,300,400 2,680,346 2,960,308
Other financial payables - - - - 1,109,099 1,924,535 - -
Other non financial liabilities - - 14,929 12,615 1,357,492 1,272,218 - -
Deferred tax liabilities - - - - 3,950,575 3,431,912 757,697 568,289
Total non - current liabilities 616,667 343,750 14,929 12,615 53,819,055 54,929,065 3,438,043 3,528,597

Current Liabilities
Trade and other financial
liabilities 297,698 291,844 133,714 110,518 8,984,452 11,711,676 3,398,454 2,407,107
Loans and borrowings 1,356,733 2,433,178 64,516 217,831 14,142,030 11,982,433 7,946,699 8,510,662
Total current liabilities 1,654,431 2,725,022 198,230 328,349 23,126,482 23,694,109 11,345,153 10,917,769

Total segmental liabilities 2,271,098 3,068,772 213,159 340,964 76,945,537 78,623,174 14,783,196 14,446,366

*Fixed assets include Property, Plant and Equipments, Bearer Plants, Right of use Assets and Investment Properties.

14
(Amounts expressed in Sri Lankan Rs. ‘000)

Beverage Real Estate Leisure Management Services Group

31.12.2021 31.03.2021 31.12.2021 31.03.2021 31.12.2021 31.03.2021 31.12.2021 31.03.2021 31.12.2021 31.03.2021

20,060,559 19,595,768 4,556,723 4,554,195 2,245,164 2,306,999 58,926 52,896 104,934,476 105,050,348

1,393,911 1,403,253 12,799 12,799 1,092 1,344 394 530 9,087,802 9,140,008

- - - - - - - - 636,205 658,797
23,860 23,860 - - - - 19,792 19,792 3,489,768 3,496,190
- - - - 24,759 24,759 - - 24,759 24,759

- - - - - - - - 9,515,901 9,441,434
21,478,330 21,022,881 4,569,522 4,566,994 2,271,015 2,333,102 79,112 73,218 127,688,911 127,811,536

3,622,883 3,785,666 - - 18,958 18,515 149 108 16,666,115 12,637,121

1,416,291 837,426 64,122 64,238 42,164 28,549 154 192 7,138,699 6,967,490

1,461,943 962,915 121,244 111,310 8,306 5,628 35,694 39,583 8,389,315 8,993,157

- - 20,945 5,343 34,583 16,270 - - 11,227,203 10,165,714

11,428,892 9,698,556 389,688 409,736 93,307 137,691 39,540 71,306 24,502,246 19,177,256
17,930,009 15,284,563 595,999 590,627 197,318 206,653 75,537 111,189 67,923,578 57,940,738
- - - - - - - - 678,196 1,511,098
17,930,009 15,284,563 595,999 590,627 197,318 206,653 75,537 111,189 68,601,774 59,451,836
39,408,339 36,307,444 5,165,521 5,157,621 2,468,333 2,539,755 154,649 184,407 196,290,685 187,263,372

2,180,347 3,080,487 - - 213,311 137,166 - - 53,092,560 54,822,111

- - 85,828 88,862 - - - - 1,194,927 2,013,397
234,174 243,170 4,679 4,448 27,859 28,783 96,129 88,193 1,735,262 1,649,427
4,969,915 5,106,714 925,689 925,479 200,285 221,666 - - 10,804,161 10,254,060
7,384,436 8,430,371 1,016,196 1,018,789 441,455 387,615 96,129 88,193 66,826,910 68,738,995

6,472,819 6,500,263 130,154 198,187 107,228 94,617 73,875 136,436 19,598,394 21,450,648
7,739,579 4,600,394 - 21,006 102,027 119,136 - - 31,351,584 27,884,640
14,212,398 11,100,657 130,154 219,193 209,255 213,753 73,875 136,436 50,949,978 49,335,288

21,596,834 19,531,028 1,146,350 1,237,982 650,710 601,368 170,004 224,629 117,776,888 118,074,283

15
Bukit Darah PLC | Condensed Interim Financial Statements for the period ended 31st December 2021

Notes to the Financial Statements

(Amounts expressed in Sri Lankan Rs. ‘000)

1. REPORTING ENTITY
Bukit Darah PLC is a limited liability company which is incorporated in Sri Lanka. The ordinary shares of the Company have a
primary listing on the Colombo Stock Exchange.

The group is a diversified conglomerate having businesses ranging from oil palm plantations in Indonesia, palm oil refining in
Malaysia to breweries, investment holdings, portfolio & assets management, real estate and leisure in Sri Lanka. The Group has
offices in Malaysia, Singapore, Indonesia and India, in addition to Sri Lanka.

There were no significant changes in the nature of the principal activities of the Company and the Group during the financial
period under review.

2 BASIS OF PREPARATION OF INTERIM CONDENSED FINANCIAL STATEMENTS

The interim condensed consolidated financial statements for the period ended 31st December 2021 have been prepared in
accordance with LKAS 34 Interim Financial Reporting. The Group has applied the same accounting policies and methods of
computation in the preparation of the consolidated financial statements for the current reporting period compared with the
financial statements as at 31 March 2021.

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.

The interim condensed consolidated financial statements do not include all the information and disclosures required in the
annual financial statements, and should be read in conjunction with the Group’s annual consolidated financial statements as at
31 March 2021.

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

Fair value measurement and related fair value disclosures

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 were properly recorded in the statement of other comprehensive income and there were no purchases and/or
disposals during the period.

Fair valuation was done as of 31st December 2021 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.

3 DISPOSAL OF SUBSIDIARY - GUARDIAN CAPITAL PARTNERS PLC

The Group Subsidiary Ceylon Guardian Investment Trust PLC (CGIT), on 28th October 2021, disposed its entire holding of Guardian
Capital Partners PLC (GCP), amounting to 21,692,800 ordinary shares or 83.97% equity stake of GCP held by CGIT to a nonrelated
party, for a purchase consideration of Rs.32.30 per share through the trading floor of the Colombo Stock Exchange (CSE). The
total consideration of the transaction was Rs.700,677,440. The Company pany via disclosure to the CSE on 28th October 2021
informed that GCP would no longer be considered as a subsidiary Company within the Bukit Darah Group.

The Company accepted the mandatory offer made by the major shareholder of GCP on 19th November 2021 for the entire
shareholding of 581,950 ordinary shares held by Carson Cumberbatch PLC in GCP at a price of Rs. 32/30 per share.

16
(Amounts expressed in Sri Lankan Rs. ‘000)

4 SEGMENTAL INFORMATION
For management purposes the Group’s primary format segment reporting is Industry segments . The risks and returns of the
Group’s operations are primarily determined by the nature of the different activities that the group engages in, rather than the
geographical location of these operations.

This is reflected by the Group’s organizational structure. Industry segment activities of the group have been broadly classified into
eight segments: Investment Holdings, Portfolio and Asset Management, Oil Palm Plantations, Beverage, Real-Estate, Leisure,
Oils & Fats and Management Services according to the nature of product sold or service rendered. The principal product and
services of each segments are follows.

Investment Holdings Holding of Strategic Investments

Portfolio and Asset Management Investment and management of listed, private equity, fixed income and unit trust
investments
Oils & Fats Manufacturing, marketing and selling of refined oils and specialty fats to the relevant
industry customers.
Oil Palm Plantations Production and sale of palm oil, palm kernel and fresh fruit bunches (FFB) to the local and
international market.
Beverage Production and sale of Beer, import & distribution of alcoholic beverages.
Real Estate Letting office and warehouse premises on rent for commercial purposes.
Leisure Hoteliering.
Management Services Providing support services to the Group Companies.

Sales between segments are made at prices that approximate the market prices. Segment revenue, segment expenses and Sales
between segments are made at prices that approximate the market prices. Segment revenue, segment expenses and segment
results include transactions between industry segments. These transactions and any unrealized profits and losses are eliminated
on consolidation. Segmental expenses are expenses that are directly attributed to a relevant segment or a portion of expenses
that can be allocated on a reasonable basis as determined by the Management.

5 EXCHANGE RATES
The results and net assets of the Group, as reported in Sri Lankan Rupees, are affected by movements in exchange rates
between Sri Lankan Rupees and operational currencies of overseas subsidiaries. Bukit Darah PLC uses the average of respective
exchange rates prevailing during the period to translate the results and cash flows of overseas Group subsidiaries and associates
into Sri Lankan Rupees and period end rates to translate the net assets of those undertakings. The currencies which most
influence these translations and the relevant exchange rates, are:

Nine Months Six Months Three Months Nine Months Year

ended ended ended ended ended
31.12.2021 30.09.2021 30.06.2021 31.12.2020 31.03.2021
Rs. Rs. Rs. Rs. Rs.
Average rates:
Malaysian Ringgit 48.06 48.02 48.17 44.28 45.13
US Dollar 200.26 200.01 199.44 186.55 188.62
Indonesian Rupiah (Rp) 0.0140 0.0139 0.0138 0.0127 0.0130
Indian Rupee 2.70 2.70 2.70 2.50 2.54

Period-end rates:
Malaysian Ringgit 48.03 47.76 48.41 46.32 47.92
US Dollar 200.75 200.75 200.11 186.65 199.83
Indonesian Rupiah (Rp) 0.0141 0.0140 0.0138 0.0132 0.0137
Indian Rupee 2.69 2.69 2.71 2.55 2.61

17
Bukit Darah PLC | Condensed Interim Financial Statements for the period ended 31st December 2021

Notes to the Financial Statements

(Amounts expressed in Sri Lankan Rs. ‘000)

6 DISCONTINUED OPERATION
Profit /(loss) for the period from discontinued operation

3Q 2021 3Q 2020 9M 2021 9M 2020

Rs ‘000 Rs ‘000 Rs ‘000 Rs ‘000
Revenue 1,298,461 64,154 2,222,255 78,095
Direct operating expenses (1,314,144) - (2,265,273) -
Gross profit/(loss) (15,683) 64,154 (43,018) 78,095

Change in fair value of Fair Value Through Profit or Loss financial - (38,737) - 16,439
assets
Other income 8,047 - 2,123 -

Administrative expenses (29,485) (19,810) (76,346) (36,327)

Foreign exchange gain 3,271 - 3,271 -
Profit/(loss) from operations (33,850) 5,607 (113,970) 58,207
Net finance cost (8,609) (14,226) (18,165) (42,478)
Profit/(loss) before Income tax expenses (42,459) (8,619) (132,135) 15,729
Income tax expenses
Current taxation (425) (390) (3,455) (3,644)
Deferred taxation - - - -
(425) (390) (3,455) (3,644)
Profit/(loss) from discontinued operation, net of tax (42,884) (9,009) (135,590) 12,085

The major classes of assets of Oil and Fats segment (Indian operation) and Portfolio and Asset Management segment classified
as held for sale as at 31st December 2021 are as follows:

Group
As at 31st 31st
December March
2021 2021
Rs ‘000 Rs ‘000
Oils and fats
Non current assets
Property, plant & equipments 678,196 723,161
678,196 723,161
Portfolio & Asset Management
Current assets
Cash & cash equivelants - 787,937
- 787,937
Total Assets held for sale 678,196 1,511,098

18
(Amounts expressed in Sri Lankan Rs. ‘000)

7 DIVIDEND

Total Dividend Dividend per share (Rs.)

As at 2022 2021 2022 2021
On ordinary shares
First Interim Dividend 102,000 61,200 1.00 0.60
102,000 61,200 1.00 0.60

On preference shares
Annual Dividend 108 108 0.08 0.08
Paid for 2022 14,625 8,737 7.95 4.75
14,733 8,845 8.03 4.83
Total 116,733 70,045

8 RELATED PARTY TRANSACTIONS

Group Company
For the period ended 31st December 2021 2020 2021 2020
Transactions with related parties
Subsidiaries
Dividend Income - - 158,063 77,680
Support service fees - - 9,000 9,000
Secretarial fees paid - - 333 333
Computer Fees paid - - 180 180

Transactions with joint ventures

Secretarial fees received 178 178 - -

9 STATED CAPITAL

Group/Company
As at 31st December 2021 2020
Rs ‘000 Rs ‘000

Issued and Fully Paid

102,000,000 Ordinary shares 371,880 371,880
1,839,568 8% Participating Cumulative Preference shares 40,755 40,755
412,635 412,635

19
Bukit Darah PLC | Condensed Interim Financial Statements for the period ended 31st December 2021

Notes to the Financial Statements

(Amounts expressed in Sri Lankan Rs. ‘000)

10 LOANS AND BORROWINGS

Group Group
31st December 2021 31st March 2021
Secured Unsecured Total Secured Unsecured Total

(a) Long term bank borrowings 52,387,769 3,661,678 56,049,447 54,159,000 5,330,484 59,489,484
Short term bank borrowings 16,548,922 8,369,877 24,918,799 14,462,729 5,337,336 19,800,065
Redeemable convertible 2,716,459 - 2,716,459 2,450,866 - 2,450,866
preference shares
71,653,150 12,031,555 83,684,705 71,072,595 10,667,820 81,740,415

(b) Amount repayable after one year 58,279,233 2,826,782 61,106,015 50,985,352 3,333,666 54,319,018
Amount repayable in one year or 13,373,917 9,204,773 22,578,690 20,087,243 7,334,154 27,421,397
less, or on demand
71,653,150 12,031,555 83,684,705 71,072,595 10,667,820 81,740,415

(c) The bank term loans and short term working capital loans of the Oil Palm Plantation sector and Oil & Fats sector are secured
by pledge over property, plant and equipment, bearer plants, fixed deposits and other deposits with financial institutions,
Inventories, trade receivables and by within the sector corporate guarantees.

11 SURCHARGE TAX
A One time Surcharge Tax of 25% on Group/ Company’s taxable income exceeding Rs.2Bn for the year of assessment 2020/21
was announced in the Government Budget proposals for 2022 and, a draft bill is gazetted. Since the draft bill is not yet approved
by the parliament and therefore cannot be considered as enacted, the Group/ Company has not provided for any potential liability
that could arise therefrom in the financial statements for the period ended 31 December 2021.

12 There were no liabilities for management fees or any other similar expenditure not provided for in the interim financial
statements.

13 The financial statements presented above have not been audited or reviewed by the Company auditors.

14 Net assets per share has been calculated for all periods, based on the number of Ordinary shares in issue as at 31st
December 2021.

15 CAPITAL COMMITMENTS AND CONTINGENT LIABILITIES

Material litigation
On 08.11.2021, M/s Gazelle Asset Management Pte Ltd a company incorporated in Singapore with whom the Ceylon Guardian
investment trust PLC (CGIT) had signed a Share Sale and Purchase Agreement has filed action in the Commercial High Court
claiming Rs.100 million as damages from CGIT alleging wrongful termination of the said Agreement together with an enjoining
order against the CGIT from drawing on the escrow funds. The Case is still being heard in Court.

There were no changes of material nature in the contingent liabilities and capital commitment since the last annual balance
sheet date other than disclosed above.

16 EVENTS OCCURRING AFTER THE BALANCE SHEET DATE

There were no material events which took place since December 31st, 2021 required disclosure in these financial statements.

20
(Amounts expressed in Sri Lankan Rs. ‘000)

17 DIRECTORS SHAREHOLDING AS AT 31ST DECEMBER 2021

Directors shareholding in the ordinary shares of the company are as follows:

No. of Shares

Mr. H. Selvanathan (Chairman) 153,112

Mr. M. Selvanathan 44,214
Mr. I. Paulraj 1,127
Mr. D. C.R. Gunawardena -
Mr. L. R. de Lanerolle 3,074
Mr. S. K. Shah -
Mr. M. Dayananda -
Alternate Director
Mr. K. Selvanathan (for Mr. M. Selvanathan) -

8% Participating Cumulative Preference shares

Mr. H. Selvanathan 345,130
Mr. M. Selvanathan 824,231

18 TWENTY MAJOR SHAREHOLDERS - ORDINARY SHARES

31.12.2021
Name of Shareholder No. of Shares %

Rubber Investment Trust Limited A/C No.03 20,438,250 20.04

Portelet Limited 9,409,500 9.23
Skan Investments (Pvt) Limited 8,357,904 8.19
Goodhope Holdings (Pvt) Limited 8,149,039 7.99
Newgreens Limited 7,905,000 7.75
Interkrish Investment Company (Pvt) Limited 7,314,903 7.17
Krish Investment Company (Pvt) Ltd. 7,304,150 7.16
Carson Cumberbatch PLC A/C No.2 6,270,781 6.15
Mrs. V. Nataraj 4,392,535 4.31
Mr. V. Nataraj 4,312,911 4.23
Gee Gees Properties (Pvt) Ltd 3,734,220 3.66
Employees Provident Fund 2,857,872 2.80
S Kanapathy Chetty (Private) Limited 2,139,922 2.10
Ceylon Finance and Securities (Private) Ltd 1,006,085 0.99
Pershing LLC S/A Averbach Grauson & Co. 912,687 0.89
Thurston Investments Limited 688,516 0.68
Mr. E.A. Samaraweera 612,000 0.60
Mrs. H. Pope (Decd) 612,000 0.60
Mr. W. Tippetts 520,200 0.51
Mr. K.C. Vignarajah 519,701 0.51

21
Bukit Darah PLC | Condensed Interim Financial Statements for the period ended 31st December 2021

Notes to the Financial Statements

(Amounts expressed in Sri Lankan Rs. ‘000)

19 PUBLIC HOLDING
The Company is in compliance with the Minimum Public Holding requirements for Companies listed on the Main Board as per
Rule 7.13.1.a. of the Listing Rules of the Colombo Stock Exchange, under Option 5, i.e. Float-adjusted Market Capitalization of
less than Rs.2.5 Billion with 500 Public Shareholders and a Public Holding percentage of 20%.

The Company’s Public Holding as at 31st December 2021

Market Capitalization of the Public Holding - Rs. 9.46bn
Percentage of ordinary shares held by the public - 23.04%
Number of Public Shareholders - 1,716

20 INVESTOR INFORMATION

As at Nine Months Third Second First Nine Months Year

ended quarter quarter quarter ended ended
31.12.2021 31.12.2021 30.09.2021 30.06.2021 31.12.2020 31.03.2021

Market Performance -Ordinary Shares

Market value per share (Rs.) - closing 403 403 310 290 349 330
Highest price per share (Rs.) 450 450 355 385 520 520
Lowest price per share (Rs.) 267 302 285 267 140 140

Share Trading
Value of shares traded (Rs. Mn) 709 260 112 337 99 213
Number of shares traded 2,094,344 662,126 359,601 1,072,617 289,273 599,973
Number of trades 9,473 2,800 2,173 4,500 2,717 4,652

Other Information
Market Capitalization (Rs. Mn) 41,055 41,055 31,646 29,529 35,629 33,635
Enterprise Value (Rs. Mn) 148,910 148,910 140,317 138,823 139,870 140,155

22
Corporate Information

NAME OF THE COMPANY NOMINATION COMMITTEE SECRETARIES

Bukit Darah PLC Mr. I. Paulraj (Chairman) Carsons Management Services
Non Executive Director (Private) Limited
No. 61, Janadhipathi Mawatha,
COMPANY REGISTRATION NO. Mr. D.C.R. Gunawardena Colombo 1
PQ 56 Non Executive Director Sri Lanka
Tel: 94-11-2039200
Mr. L.R. De Lanerolle Fax: 94-11-2039300
LEGAL FORM Non-Executive/Independent Director
A Public Quoted Company with limited
liability. REGISTERED OFFICE
Incorporated in Sri Lanka in 1916. RELATED PARTY TRANSACTIONS No. 61,
REVIEW COMMITTEE Janadhipathi Mawatha,
Mr. L. R. de Lanerolle (Chairman) Colombo 1
BOARD OF DIRECTORS Non- Executive/Independent Director Sri Lanka
Mr. H. Selvanathan (Chairman) Tel: 94-11-2039200
Mr. M. Selvanathan Mr. M. Dayananda Fax: 94-11-2039300
Mr. I. Paulraj Non- Executive/Independent Director
Mr. D. C. R. Gunawardena
Mr. L. R. de Lanerolle Mr. D. C.R. Gunawardena EMAIL
Mr. S. K. Shah Non- Executive Director carsons@carcumb.com
Mr. M. Dayananda
Mr. H. Selvanathan
Executive Director CORPORATE WEBSITE
ALTERNATE DIRECTOR www.carsoncumberbatch.com
Mr. K. Selvanathan (for Mr. M. Mr. M. Selvanathan
Selvanathan) Executive Director

AUDIT COMMITTEE BANKERS
Mr. L. R. de Lanerolle (Chairman) Standard Chartered Bank
Non- Executive/Independent Director Commercial Bank of Ceylon PLC
Deutsche Bank
Mr. M. Dayananda
Non- Executive/Independent Director AUDITORS
Messrs KPMG
Mr. D. C.R. Gunawardena Chartered Accountants
Non- Executive Director No. 32A,
Sir Mohamed Macan Markar
REMUNERATION COMMITTEE Mawatha,
Mr. M. Dayananda (Chairman) Colombo 3
Non- Executive/Independent Director Sri Lanka
Tel: 94-11-5426426
Mr. D. C.R. Gunawardena Fax: 94-11-2445872
Non- Executive Director

Mr. L. R. de Lanerolle
Non- Executive/Independent Director
www.carsoncumberbatch.com