Sri Lanka Telecom PLC

Condensed Consolidated Interim Financial Statements

For the Quarter ended

30 June 2019
Sri Lanka Telecom PLC
Company Registration No. PQ 7
Condensed Interim Financial Statements

Statement of Profit or Loss and other Comprehensive Income

(All amounts in LKR Millions )

Group Company Group Company

April -June April -June Jan. - June Jan. - June
2019 2018 2019 2018 2019 2018 2019 2018
(Reviewed) (Reviewed) (Reviewed) (Reviewed) (Reviewed) (Reviewed) (Reviewed) (Reviewed)

Revenue 21,249 19,688 12,679 11,812 42,578 39,450 24,919 23,331

Direct costs (12,163) (11,498) (7,433) (7,435) (23,731) (22,778) (14,103) (14,293)
Gross Profit 9,086 8,190 5,246 4,377 18,847 16,672 10,816 9,038
Sales and marketing cost (2,438) (2,205) (915) (830) (4,771) (4,559) (1,703) (1,779)
Adminisrtrative cost (4,692) (4,426) (3,393) (3,271) (9,616) (8,970) (6,801) (6,481)
Operating profit 1,956 1,559 938 276 4,460 3,143 2,312 778

Other income 186 621 255 620 253 746 415 740
Interest expenses and finance cost (397) (51) (155) (19) (606) (83) (295) (26)
Foreign exchange (loss) /gain (187) (256) (203) (203) (15) (550) (183) (436)
Interest income 246 177 133 147 526 348 279 266
Share of profit from equity
accounted investee 10 - 10 - 34 - 34 -
Profit before tax 1,814 2,050 978 821 4,652 3,604 2,562 1,322
Income tax expenses (525) (386) (303) (114) (1,166) (764) (733) (283)
Profit for the Period 1,289 1,664 675 707 3,486 2,840 1,829 1,039

Other comprehensive income

Net movement
Defined in plan
benefit Cashacturial
flow hedges
(losses) 90 90 235 - 235 -
gain 21 138 21 138 43 276 42 276
Tax on other comprehensive income (5) (38) (5) (38) (11) (77) (11) (77)
Other comprehensive income for
the period (net of tax) 106 100 106 100 267 199 266 199
Total Comprehensive Income for
the Period 1,395 1,764 781 807 3,753 3,039 2,095 1,238

Profit Attributable to :
Owners of the company 1,289 1,664 675 707 3,486 2,840 1,829 1,039
Total Comprehensive Income
attributable to:
Owners of the company 1,395 1,764 781 807 3,753 3,039 2,095 1,238
Earnings per share
Basic (Rs.) 0.71 0.92 0.37 0.39 1.93 1.57 1.01 0.58

2
Sri Lanka Telecom PLC
Company Registration No. PQ 7
Condensed Interim Financial Statements

Statement of Financial Position

(All amounts in LKR Millions )
Group Company

30 June 2019 31 Dec 2018 30 June 2019 31 Dec 2018

(Reviewed) (Audited) (Reviewed) (Audited)

Assets
Non-Current Assets
Property, plant and equipment 132,197 123,850 99,384 96,047
Right of use assets 3,864 - 745 -
Intangible assets and goodwill 7,776 7,652 1,089 1,124
Investments in subsidiaries - - 14,696 14,366
Investments in associates 34 - 34 -
Deferred tax assets 134 148 - -
Contract assets 540 438 115 113
Other receivables 2,922 2,970 2,886 2,938
Total Non-current Assets 147,467 135,058 118,949 114,588

Current Assets 11,139 11,139

Inventories 2,705 2,173 1,939 1,440
Trade and other receivables 32,572 27,340 19,594 17,541
Current tax receivables 647 613 647 613
Contract assets 609 497 105 103
Other investments 2,214 3,665 2,134 3,569
Cash and cash equivalents 9,268 11,089 1,233 671
Total Current Assets 48,015 45,377 25,652 23,937
Total Assets 195,482 180,435 144,601 138,525

Equity and Liabilities

Equity
Stated capital 18,049 18,049 18,049 18,049
Insurance reserve 838 791 838 791
Hedging reserve (437) (672) (437) (672)
Retained earnings 57,014 55,456 39,872 39,972
Equity attributable to equity share holders of the
company 75,464 73,624 58,322 58,140
Non controlling Interest 97 96 - -
Total Equity 75,561 73,720 58,322 58,140

Non Current Liabilities

Borrowings 46,218 38,886 39,361 30,928
Lease Liability 4,017 - 767 -
Deferred income 2,120 2,186 2,089 2,155
Contract liabilities 538 548 525 533
Deferred tax liabilities 7,204 6,537 7,191 6,525
Employee benefits 4,379 4,239 3,718 3,598
Trade and other payables 1,726 1,941 396 456
Total Non Current Liabilities 66,202 54,337 54,047 44,195
Current Liabilities
Borrowings 12,898 16,949 10,483 15,104
Deferred income 2,369 2,469 345 385
Contract liabilities 543 565 463 471
Current tax liabilities 443 412 - -
Trade and other payables 37,466 31,983 20,941 20,230
Total Current Liabilities 53,719 52,378 32,232 36,190
Total Liabilities 119,921 106,715 86,279 80,385
Total Equity and Liabilities 195,482 180,435 144,601 138,525

I certify that these financial statements have been prepared in compliance with the requirements of the Companies Act No.07 of 2007.

Signed

Sanjeewa Samaranayake
Group Chief Financial Officer
The Board of Directors is responsible for these financial statements.These financial statements were approved by the Board of Directors on 08
August 2019.
Signed for and behalf of the Board.

Signed Signed

P.G Kumarasinghe Sirisena Nilanthi Peiris

Chairman Director
3
Sri Lanka Telecom PLC
Company Registration No. PQ 7
Condensed Interim Financial Statements

Statement of Changes in Equity

(All amounts in LKR Millions )

Group Attributable to owners of the Company

Stated Insurance Hedging Retained Total Non controlling Total

capital reserve reserve earnings interest equity
Balance as at 1 January 2018 18,049 691 - 52,569 71,309 95 71,404

SLFRS Adjustment-Contract liability - - - (467) (467) - (467)

Non Controlling interest - - - (1) (1)
Total comprehensive income for the period - - - -
Net profit for the period - - - 2,840 2,840 - 2,840
Other comprehensive income - - - -
Defined benefit plan actuarial (loss)/gain,net of tax - - - 199 199 - 199
Total other comprehensive income for the period - - - 199 199 - 199
Total comprehensive income for the period - - - 3,039 3,039 (1) 3,038
Transactions with owners, recorded directly in equity
Contribution by and distribution to owners
Dividends to equity share holders - - - (1,606) (1,606) - (1,606)
Insurance reserve
Transferred to insurance reserve - 41 - (41) - - -
Balance as at 30 June 2018 18,049 732 53,494 72,275 94 72,369
Balance as at 1 July 2018 18,049 732 - 53,494 72,275 94 72,369
Non Controlling interest - - - - - 2 2
Total comprehensive income for the period
Net profit for the period - - - 2,108 2,108 - 2,108
Other comprehensive income 0-
Net movement on cash flow hedges - - (672) - (672) - (672)
Defined benefit plan actuarial (loss)/gain,net of tax - - - (87) (87) - (87)
Total other comprehensive income for the period - - (672) (87) (759) - (759)
Total comprehensive income for the period - - (672) 2,021 1,349 2 1,351
Transactions with owners, recorded directly in equity
Contribution by and distribution to owners
Insurance reserve -
Transferred to insurance reserve - 59 - (59) - -
Balance as at 31 December 2018 18,049 791 (672) 55,456 73,624 96 73,720
Balance as at 1 January 2019 18,049 791 (672) 55,456 73,624 96 73,720
-
Non controlling interest - - - - - 1 1
Total comprehensive income for the period
Net profit for the period - - - 3,486 3,486 - 3,486
Other comprehensive income
Net movement on cash flow hedges - - 235 - 235 - 235
Defined benefit plan actuarial (loss)/gain,net of tax - - - 32 32 - 32
Total other comprehensive income for the period - - 235 32 267 - 267
Total comprehensive income for the period - - 235 3,518 3,753 1 3,754
Transactions with owners, recorded directly in equity
Contribution by and distribution to owners
Dividends to equity share holders - - - (1,913) (1,913) - (1,913)
Insurance reserve
Transferred to insurance reserve - 47 - (47) - - -
Balance as at 30 June 2019 18,049 838 (437) 57,014 75,464 97 75,561

4
Sri Lanka Telecom PLC
Company Registration No. PQ 7

Condensed Interim Financial Statements

Statement of Changes in Equity

(All amounts in LKR Millions )

Company Attributable to owners of the Company

Stated Insurance Hedging Retained Total
capital reserve reserve earnings
Balance as at 1 January 2018 18,049 691 - 40,480 59,220

SLFRS Adjustment-Contract liability - - - (770) (770)

Total comprehensive income for the period
Net profit for the period - - - 1,039 1,039
-
Other comprehensive income -
Defined benefit plan actuarial (loss)/gain,net of tax - - - 199 199
Total other comprehensive income for the period - - - 199 199
Total comprehensive income for the period - - - 1,238 1,238
Transactions with owners,recorded directly in equity
Contribution by and distribution to owners
Dividends to equity share holders - - - (1,606) (1,606)
Insurance reserve
Transferred to insurance reserve - 41 - (41) -
Balance as at 30 June 2018 18,049 732 - 39,301 58,082
Balance as at 1 July 2018 18,049 732 - 39,301 58,082
Total comprehensive income for the period
Net profit for the period - - - 867 867
Other comprehensive income
Net movement on cash flow hedges - - (672) - (672)
Defined benefit plan actuarial (loss)/gain,net of tax - - - (137) (137)
Total other comprehensive income for the period - - (672) (137) (809)
Total comprehensive income for the period - - (672) 730 58
Transactions with owners,recorded directly in equity
Contribution by and distribution to owners
Insurance reserve
Transferred to insurance reserve - 59 - (59) -
Balance as at 31 December 2018 18,049 791 (672) 39,972 58,140
Balance as at 1 January 2019 18,049 791 (672) 39,972 58,140
Total comprehensive income for the period
Net profit for the period - - - 1,829 1,829
Other comprehensive income
Net movement on cash flow hedges - - 235 - 235
Defined benefit plan actuarial (loss)/gain,net of tax 31 31
Total other comprehensive income for the period - - 235 31 266
Total comprehensive income for the period - - 235 1,860 2,095
Transactions with owners,recorded directly in equity
Contribution by and distribution to owners
Dividends to equity share holders - - - (1,913) (1,913)
Insurance reserve
Transferred to insurance reserve - 47 - (47) -
Balance as at 30 June 2019 18,049 838 (437) 39,872 58,322

5
Sri Lanka Telecom PLC
Company Registration No. PQ 7
Condensed Interim Financial Statements

Statement of Cash Flows for 6 months ended 30 June

(All amounts in LKR Millions )

GROUP COMPANY

2019 2018 2019 2018

Operating activities

Cash generated from operations 12,712 10,828 5,755 6,986

Interest received 533 328 286 246
Interest paid (3,016) (1,530) (2,955) (1,513)
Tax paid (499) (528) (112) (99)
Gratuity paid (218) (398) (194) (320)
Net cash generated from operating activities 9,512 8,700 2,780 5,300

Cash flows from Investing activities

Acquisition of property, plant and equipment (13,524) (9,858) (5,391) (6,473)

Acquisition of intangible assets (773) (928) (115) (278)
Proceeds from disposal of property, plant
and equipment 133 59 101 58
Proceeds /(Purchase) of short term investments 1,138 32 1,357 37
Investments in subsidiaries - - (330) (160)
Net cash used in investing activities (13,026) (10,695) (4,378) (6,816)

Cash flows from Financing activities

Proceeds from borrowings 24,985 18,925 24,350 17,440

Finance lease principal re-payments (18) (45) (2) (30)
Re-payment on borrowings (17,584) (10,161) (16,835) (8,201)
Dividend paid to equity share holders (1,913) (1,606) (1,913) (1,606)
Net cash generated/(used) from financing activities 5,470 7,113 5,600 7,603

Increase/(Decrease) in cash and cash equivalents 1,956 5,118 4,002 6,087

Movement in Cash and cash equivalents

Cash and cash equivalents at beginning
of the year 4,629 (9,046) (4,967) (11,610)

Increase/(Decrease) in cash and cash equivalents 1,956 5,118 4,002 6,087

Cash and cash equivalents at 30 June (Note 1) 6,585 (3,928) (965) (5,523)

Note 1
Cash and cash equivalents 9,268 3,012 1,233 798
Bank overdraft (2,683) (6,940) (2,198) (6,321)
6,585 (3,928) (965) (5,523)

6
 Sri Lanka Telecom PLC
Notes to the Condensed Consolidated Interim Financial Statements

I. Reporting Entity
Sri Lanka Telecom PLC (the ‘Company’) is a company domiciled in Sri Lanka. The address of the Company’s
registered office is Lotus Road, Colombo 1. The condensed separate interim financial statements relate to Sri
Lanka Telecom PLC. These condensed consolidated interim financial statements (‘interim financial statements’)
as at 30 June 2019 and for the six months ended 30 June 2019 comprise the Company and its subsidiaries
(together referred to as the ‘Group’).

The Group is primarily involved in providing a broad portfolio of telecommunication services across Sri Lanka.
In addition, the range of services provided by the Group include, inter-alia, internet services, data services,
domestic and international leased circuits, broadband, satellite uplink, maritime transmission, IPTV service and
directory publishing service. The Company is listed on the Colombo Stock Exchange.

II. Basis of accounting

These condensed consolidated interim financial statements have been prepared in accordance with Sri Lanka
Accounting Standard - LKAS 34, ‘Interim Financial Reporting’ and do not include all the information required
for a complete set of SLFRS financial statements. However, selected explanatory notes are included to explain
events and transactions that are significant for an understanding of the changes in the Group’s financial position
and performance since the last audited financial statements as at 31 December 2018 and for the year ended 31
December 2018.

These financial statements were authorized for issue by the Board of Directors on 08 August 2019.

III. Significant accounting policies

The accounting policies applied in these interim financial statements are the same as those applied in the audited
financial statement as at 31 December 2018 and for the year ended 31 December 2018 except for changes
required due to adoption of the SLFRS 16 - Operating Leases with effective from 01 January 2019.
The Group adopted SLFRS 16 using the modified retrospective method of adoption with the date of initial
application of 1 January 2019. The Group elected to use the transition practical expedient allowing the standard to
be applied only to contracts that were previously identified as leases applying LKAS 17 and IFRIC 4 at the date
of initial application.
As required by LKAS 34, the nature and effect of these changes are disclosed in Note VIII.

IV. Use of Judgments and estimates

The management has made judgments, estimates and assumptions that affect the application of accounting
policies and the reported amounts of assets and liabilities, income and expense when preparing these interim
financial statements. Actual results may differ from these estimates.

The significant judgments made by management in applying the Group’s accounting policies and the key sources
of estimation were the same as those applied to the audited financial statements as at 31 December 2018 and for
the year ended 31 December 2018.

7
 Sri Lanka Telecom PLC
Notes to the Condensed Consolidated Interim Financial Statements

V. Operating segments

Information relevant to the operating segments are presented in a method consistent with the management
reporting provided to those charged with governance.

(a) Information about reportable segments

(All amounts are in Rs.Mn)
Fixed ICT Mobile Other Segments Total
Operations Operations Operations
30 June 30 June 30 June 30 June
2019 2018 2019 2018 2019 2018 2019 2018
External revenues 22,955 21,247 18,949 17,755 674 448 42,578 39,450
Inter-segment revenue 1,964 2,084 924 1,101 1,358 1,524 4,246 4,709
Reportable segment
24,919 23,331 19,873 18,856 2,032 1,972 46,824 44,159
revenue
Reportable segment
2,562 1,322 2,263 2,117 (152) 211 4,673 3,650
Profit before tax

Interest revenue 279 266 232 70 15 12 526 348

Interest expenses (295) (26) (296) (46) (15) (11) (606) (83)
Depreciation and
(6,119) (5,922) (3,626) (3,122) (30) (16) (9,775) (9,060)
Amortization

Revenues 30 June 2019 30 June 2018

Total revenue for reportable segments 44,792 42,187

Revenue for other segments 2,032 1,972
Reportable segment revenue 46,824 44,159
Elimination of inter-segment revenue (4,246) (4,709)
Consolidated revenue 42,578 39,450

Profit or loss

Total profit or loss for reportable segments 4,825 3,439

Profit or loss for other segments (152) 211
Reportable segment profit before tax 4,673 3,650
Elimination of inter-segment profits (21) (46)

Consolidated profit before tax 4,652 3,604

8
 Sri Lanka Telecom PLC
Notes to the Condensed Consolidated Interim Financial Statements

Assets & Liabilities

30 June 2019 31 Dec 2018

Assets
Total assets for reportable segments 210,721 194,920
Assets for other segments 3,042 2,982
213,763 197,902
Elimination of inter-segment assets (18,281) (17,467)
Consolidated total assets 195,482 180,435

Liabilities
Total liabilities for reportable segments 121,682 107,909
Liabilities for other segments 2,094 2,235
123,776 110,144
Elimination of inter-segment liabilities (3,855) (3,429)
Consolidated total liabilities 119,921 106,715

VI. Seasonal or cyclical factors

The operations of the Group were not significantly affected by any seasonal or cyclical factors.
VII. Significant unusual items affecting assets, liabilities, equity, net income or cash flows

There were no unusual items affecting assets, liabilities, equity, net income or cash flows due to their
nature, size or incidence for the period 30 June 2019.

VIII. Changes in accounting policies

SLFRS 16 - Leases
SLFRS 16 supersedes LKAS 17 Leases, IFRIC 4 Determining whether an Arrangement contains a Lease, SIC-15
Operating Leases-Incentives and SIC-27 Evaluating the Substance of Transactions Involving the Legal Form of a
Lease. The standard sets out the principles for the recognition, measurement, presentation and disclosure of leases
and requires lessees to account for most leases under a single on-balance sheet model.
Lessor accounting under SLFRS 16 is substantially unchanged from LKAS 17. Lessors will continue to classify
leases as either operating or finance leases using similar principles as in LKAS 17. Therefore, SLFRS 16 did not
have an impact for leases where the Group is the lessor.
The Group adopted SLFRS 16 using the modified Retrospective method of adoption with the date of initial
application of 1 January 2019. The Group elected to use the transition practical expedient allowing the standard to
be applied only to contracts that were previously identified as leases applying LKAS 17 and IFRIC 4 at the date
of initial application. The Group also elected to use the recognition exemptions for lease contracts that, at the
commencement date, have a lease term of 12 months or less and do not contain a purchase option (‘short-term
leases’), and lease contracts for which the underlying asset is of low value (‘low-value assets’).

9
 Sri Lanka Telecom PLC
Notes to the Condensed Consolidated Interim Financial Statements

The effect of adoption SLFRS 16 is as follows:

Impact on the statement of financial position (increase/(decrease)) as at 30 June 2019:
Assets Rs Mn
Right of use assets 3,864
Liabilities
Lease liabilities 4,017
Impact on the statement of Profit or Loss (increase/(decrease)) as at 30 June 2019:
Rs Mn

Amortization expense (527)

Finance cost (236)

IX. Property Plant and equipment

(a) Acquisitions and disposals

During the six months ended 30 June 2019, the Group acquired assets at a cost of Rs. 7,091 Mn (six
months ended 30 June 2018 Rs. 3,730 Mn).

Assets with a Nil net book value were disposed during the six months ended 30 June 2019 (six months
ended 30 June 2018 Rs. Nil), resulting in a gain on disposal of Rs.133 Mn (six months ended 30 June
2018: gain of Rs. 59 Mn), which was included in ‘other income’ in the condensed consolidated statement
of profit or loss and other comprehensive income.

(b) Capital commitments

Group (Rs. Mn) Company (Rs. Mn)

30 June 2019 31 Dec 2018 30 June 2019 31 Dec 2018
Property plant and equipment
Approved but not contracted 23,359 2,582 23,359 2,582
Approved and contracted 19,117 13,085 10,121 4,742

X. Capital and reserve

(a) Stated Capital

Stated capital of the Company consists of 1,804,860,000 ordinary shares.

10
Sri Lanka Telecom PLC
Notes to the Condensed Consolidated Interim Financial Statements

XI. Loans and Borrowings

Material addition to loans and borrowing at Group level for the period is under review:

Additions Currency Amount (Rs.Mn)

Bank loan – 30 June 2019 LKR 24,985

Material repayment of loans and borrowings at Group level for the period is under review:

Repayments Currency Amount (Rs.Mn)

Bank loan – 30 June 2019 LKR 17,584

XII. Contingencies

On 18.07.2017 DBN filed a Case against SLT under Case Number on 18.07.2017 DBN filed a case bearing
number HC Civil 23/2017 against SLT regarding violation of Intellectual Property Rights in the Commercial High
Court and an ex-parte interim injunction was issued on 19.07.2017 requiring SLT to disclose the source/party who
revealed the RFP and to furnish the original under the provisions of Intellectual Property Act. Further permanent
injunction and damages of Rs.7, 800,000,000/- is prayed under the petition.

SLT filed revocation paper on 10.08.2017 and supported its application for the Preliminary Objections and the
order was delivered in favour of SLT on 08.08.2018.
Subsequently Dialog Broad Band Network (Pvt) Ltd appealed to the Supreme Court under the case bearing
number (SC/HC/LA 82/2018 ) S.C. Appeal number 139/2018 against the aforesaid order. Dialog supported the
matter in court to obtain leave to proceed with their application and Leave was granted in a limited manner with
regard to legal points. This means the case will proceed further to argue certain points of law leaving the original
order given under the High Court intact. Both parties filed written submissions and the case fixed for arguments
on 28 October 2019.

XIII. Related Parties

Material related party transactions during the quarter under review;

Amount due (to)/ from
Company Nature of Transaction Transaction value ( Rs. Mn)
related parties (Rs.Mn)
30 June 2019 30 June 2018 30 June 2019 31 Dec 2018
Mobitel Sale of goods and services 1,913 2,047 1,413 1,277
(Private)
Limited Purchase of goods and services 964 1,020 (774) (53)

XIV. Events after the Reporting date

No material events have arisen since the date of the statement of financial position up to the date of this report
which require changes to, or disclosure in the financial statements.

11
Sri Lanka Telecom PLC
Company Registration No. PQ 7
Condensed Interim Financial Statements

Investor Information

Ratios
Group Company
30 June 31 Dec. 30 June 31 Dec.
2019 2018 2019 2018
Net asset value per share (Rs) 41.81 40.79 32.31 32.21

Gearing ratio -Number of times 0.44 0.43 0.46 0.44

Quick asset ratio - Number of times 0.84 0.82 0.74 0.62

For 6 months ended For 6 months ended

30 June 2019 30 June 2018 30 June 2019 30 June 2018

Interest cover - Number of times 1.82 1.88 1.11 0.71

Market Value of Shares

Market Value of the Ordinary 3 Months to 3 Months to

Shares of the Company (Rs) 30 June 2019 30 June 2018
-Highest 24.00 30.00
-Lowest 19.60 23.70
-Last Traded price 22.90 24.80

Dividend Payment

First and Final dividend for the year 2018 - Rs 1.06 per share paid on 8 April 2019.

Share trading from 1 April to 30 June 2019

3 Months to
30 June 2019
-No of Transactions 858
- No of Shares Traded 302,715

-Value of Shares Traded (Rs) 6,614,143

12
Sri Lanka Telecom PLC
Company Registration No. PQ 7
Condensed Interim Financial Statements

1) List of 20 Major Shareholders

Name & Address Share Holding Percentage %

1 Secretary to the Treasury 893,405,709 49.50

2 Global Telecommunications Holdings NV 811,757,869 44.98
3 Employees Provident Fund 25,324,104 1.40
4 Bank of Ceylon A/C Ceybank Unit Trust. 18,747,608 1.04
5 Sri Lanka Insurance Corporation Ltd-Life Fund 17,713,735 0.98
6 National Savings Bank 13,158,700 0.73
7 Employees Trust Fund Board 3,302,188 0.18
8 Sri Lanka Insurance Corporation Ltd-General Fund 2,041,538 0.11
9 Bank of Ceylon A/C Ceybank Century Growth Fund 1,568,726 0.09
10 The Incorporated Trustees of the Church of Ceylon 223,590 0.01
11 Bank of Ceylon No 1 Account 214,000 0.01
12 Pinnacle Trust (Pvt) Limited 183,984 0.01
13 Ceylon Biscuits Limited 161,825 0.01
14 People's Leasing & Finance PLC / C.N Jayasooriya 129,425 0.01
15 Sampath Bank PLC /Mr D.K.L Chanadrasena 109,415 0.01
16 Sinharaja Hills Plantation Pvt Limited 107,491 0.01
17 Mrs.Edirisinghe 100,000 0.01
18 Mr Tanaka 100,000 0.01
19 Mr Van Starrex 75,201 0.00
20 Elgin Investment Limited 71,809 0.00
1,788,496,917 99.09
-

2) Percentage of public holding as at 30 June 2019 5.52%

3) Number of shareholders represeting the public holding - 12,355

4) Float adjusted Market Capitalization Rs.228,148,742/-

5) Directors' Holding None

Chief Executive Officer's (CEO) holding in shares 1563
CEO's Spouse and Children under 18 in shares 2126

6) Number of shares representing the Entity's stated capital - 1,804,860,000 Ordinary shares
issued at Rs.10 per share.

13