Fourth Quarter
Twelve months ended 31
st
March, 2012
Interim Report
12 months to 12 months to 3 months to 3 months to
31.03.12 31.03.11 Change 31.03.12 31.03.11 Change
Notes Rs.'000 Rs.'000 % Rs.'000 Rs.'000 %
Restated Restated
Continuing operations
Gross turnover 13 62,465,253 54,370,207 15 16,040,632 15,866,541 1
Turnover taxes (167,247) (145,601) 15 (57,244) (45,304) 26
Net turnover 62,298,006 54,224,606 15 15,983,388 15,821,237 1
Cost of sales (48,985,972) (42,914,122) 14 (12,174,687) (13,080,723) (7)
Gross profit 13,312,034 11,310,484 18 3,808,701 2,740,514 39
Other income 2,587,468 211,605 <100 128,087 40,477 216
Distribution expenses (1,883,053) (1,963,463) (4) (454,254) (715,247) (36)
Administrative expenses (7,428,688) (6,690,334) 11 (2,091,591) (1,452,295) 44.0 Other expenses (218,960) (32,397) <100 (181,787) (30,332) <100 Net finance cost (1,575,507) (846,341) 86 (705,785) (123,712) <100 Share of profit from equity accounted investees 12,695 51,074 (75) 5,534 40,590 (86)
Profit before tax 14 4,805,989 2,040,629 <100 508,905 499,995 2
Tax expense (960,665) (903,853) 6 (232,288) (206,988) 12
Profit for the period from continuing operations 3,845,324 1,136,776 <100 276,617 293,007 (6)
Discontinued operations Loss for the period from discontinued operations 16 (9,042) <100 - (9,042) (100)
Profit for the period 3,845,324 1,127,734 <100 276,617 283,965 (3)
Attributable to: Equity holders of the company 2,519,732 677,181 <100 178,400 96,743 84
Non- controlling interest 1,325,592 450,553 <100 98,217 187,222 (48)
3,845,324
1,127,734 276,617 283,965
Earnings per share
Basic earnings per share (Rs.) 33.60 9.03 2.38 1.29 Diluted earnings per share (Rs.) 33.60 9.03 2.38 1.29
Earnings per share from continuing operations
Basic earnings per share (Rs.) 33.60 9.15 2.38 1.41 Diluted earnings per share (Rs.) 33.60 9.15 2.38 1.41
The Notes on pages 7 to 9 form an integral part of these Financial Statements. Figures in brackets indicate deductions.
Income Statements
Consolidated Consolidated
12 months to 12 months to 3 months to 3 months to
31.03.12 31.03.11 Change 31.03.12 31.03.11 Change
Rs.'000 Rs.'000 % Rs.'000 Rs.'000 %
Continuing operations
Gross turnover
176,664
161,716
9
43,193
39,863
8
Turnover taxes
(12,868)
(14,727)
(3,238)
(2,805)
15
Net turnover
163,796
146,989
11
39,955
37,058
8
Cost of sales
(136,805)
(115,637)
18
(35,265)
(28,873)
22
Gross profit
26,991
31,352
(14)
4,690
8,185
(43)
Group dividend
1,235,872
560,665
79,783
240,657
(67)
Other income
348,669
236,074
48
4
2,727
(100)
Administrative expenses
(165,043)
(99,753)
65
(81,088)
(35,344)
<100
Other expenses
-
-
-
-
-
-Net finance cost
(370,856)
(273,174)
36
(122,910)
(71,734)
71
Profit before tax
1,075,633
455,164
<100
(119,521)
144,491
(183)
Tax expense
(5,341)
(1,880)
<100
(1,283)
(15)
<100
Profit for the period
1,070,292
453,284
<100
(120,804)
144,476
(184)
The Notes on pages 7 to 9 form an integral part of these Financial Statements.
Figures in brackets indicate deductions.
Income Statements
Company Company
as at as at as at as at
31.03.12 31.03.11 31.03.12 31.03.11
Notes Rs.'000 Rs.'000 Rs.'000 Rs.'000
Restated ASSETS
Non - current assets
Property, plant & equipment 30,360,487 24,445,595 3,919,284 3,837,739 Investment Property 37,156
Intangible assets 4,833,957 3,361,546 - -Investments in subsidiaries 7,840,097 5,610,679 Investments in equity accounted investees 340,353 463,647 - 1,960 Other long term investments 411,910 703,059 291,407 291,407 Employees' share trust loan 491,439 492,243 491,439 492,243 Deferred tax assets 212,982 197,235
Total non-current assets 36,688,286 29,663,325 12,542,227 10,234,028
Current assets
Inventories 10,682,430 8,720,285 920 1,396 Amounts due from subsidiaries 295,139 400,526 Amounts due from equity accounted investees 3,723 - 784 Trade and other receivables 14,545,445 12,210,780 71,387 37,504 Short - term investments 60,986 14,853 31,632 5,195 Assets classified as held for sale 16 4,862 15,993
Income tax recoverable 147,762 170,917 4,644 5,501 Short - term deposits 915,067 1,378,314
Cash & cash equivalents 1,755,418 1,487,226 25,834 19,915
Total current assets 28,111,970 24,002,091 429,556 470,821
Total assets 64,800,255 53,665,416 12,971,783 10,704,849
EQUITY AND LIABILITIES
Stated capital 15 1,575,000 1,575,000 1,575,000 1,575,000 Capital reserves 6,619,929 6,951,296 3,697,729 3,697,729 Revenue reserves 9,964,447 7,119,698 2,238,156 1,467,864 Total equity attributable to
equity holders of the company 18,159,376 15,645,994 7,510,885 6,740,593 Non controlling interest 9,582,712 8,052,425
Total Equity 27,742,088 23,698,419 7,510,885 6,740,593
Non - current liabilities
Interest bearing borrowings 5,655,016 4,106,763 1,386,667 1,680,000 Deferred income 777,670 792,867
Deferred tax liability 795,041 713,907
Retirement benefit obligations 3,921,370 3,335,442 333,279 259,857
Total non-current liabilities 11,149,097 8,948,979 1,719,946 1,939,857
Current liabilities
Trade and other payables 9,706,541 8,084,331 174,204 120,885 Current portion of interest bearing borrowings 1,501,839 2,218,949 506,667 720,000 Amounts due to subsidiaries 827,250 151,088 Amounts due to equity accounted investees 21,155 52,563
Liabilities directly associated with
assets classified as held for sale 16 2,174 2,582 Income tax payable 297,512 399,052
Short-term interest bearing borrowings 14,379,848 10,260,541 2,232,831 1,032,426
Total current liabilities 25,909,070 21,018,018 3,740,953 2,024,399
Total liabilities 37,058,167 29,966,997 5,460,899 3,964,256
Total equity and liabilities 64,800,255 53,665,416 12,971,783 10,704,849 0.10
(0) (0) 0
Sgd.
L.D.E.A De Silva
Group Chief Financial Officer
Signed for and on behalf of the Board
Sgd. Sgd.
A. M. Pandithage S.C. Ganegoda
Chairman & Chief Executive Director
17th May, 2012
The notes on pages 7 to 9 form an integral part of these Financial Statements. Figures in brackets indicate deductions.
It is certified that the financial statements have been prepared in compliance with the requirements of the Companies Act no 7 of 2007
Balance Sheets
Consolidated Company
The Balance Sheets as at 31st March, 2012 and Statements of Income, Changes in Equity and Cash Flow for the twelve months then ended are drawn up from the unaudited financial statements of the Company, its Subsidiaries and Equity Accounted Investees and they provide the information required by the Colombo Stock Exchange.
Consolidated
For the 12 months ended 31st March, 2012
Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000
Balance as at 1st April, 2011- As previously stated 1,575,000 988,588 5,546,358 416,350 541,353 2,295,459 4,330,482 15,693,590 8,197,344 23,890,934 Prior Year adjustment - - - - - - (47,596) (47,596) (144,919) (192,515) Balance as at 1st April, 2011 - Restated 1,575,000 988,588 5,546,358 416,350 541,353 2,295,459 4,282,886 15,645,994 8,052,425 23,698,419
Revaluation of Asset 207,588 207,588 207,588
Issue of shares - - - - - - 1,219,493 1,219,493 Adjustment due to changes in holding (671,914) 155,252 43,602 20,563 623,316 170,819 (698,806) (527,987) Translation of foreign entities 114,323 114,323 74,008 188,331 Net gains /(losses) not recognised
in the income statement - (671,914) 362,840 43,602 114,323 20,563 623,316 492,730 594,695 1,087,425 Transfers (65,895) - (229,502) 295,397 -
-Share by back (199,080) (199,080) (920) (200,000)
Profit for the period 2,519,732 2,519,732 1,325,592 3,845,324
Dividends (300,000) (300,000) (389,080) (689,080)
Balance as at 31st March, 2012 1,575,000 316,674 5,843,303 459,952 655,676 2,086,520 7,222,251 18,159,376 9,582,712 27,742,088
For the 12 months ended 31st March, 2011
Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000
Balance as at 1st April, 2010 1,575,000 1,091,774 5,542,671 413,062 573,348 2,127,573 3,891,132 15,214,559 7,118,790 22,333,349 On acquisition of subsidiary - - - - - - 789,624 789,624 Adjustment due to changes in holding (103,186) 3,687 3,288 7,413 37,391 (51,407) 88,204 36,797 Translation of foreign entities (31,995) (12,343) (44,338) (8,474) (52,812) Net gains /(losses) not recognised
in the income statement - (103,186) 3,687 3,288 (31,995) (4,930) 37,391 (95,745) 869,354 773,609 Transfers - - 172,816 (172,816) -
-Profit for the period 677,181 677,181 450,553 1,127,734
Dividends (150,000) (150,000) (386,272) (536,272)
Balance as at 31st March, 2011 - Restated 1,575,000 988,588 5,546,358 416,350 541,353 2,295,459 4,282,888 15,645,995 8,052,425 23,698,420 Company
For the 12 months ended 31st March, 2012
General reserve
Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000
Balance as at 1st April, 2011 1,575,000 3,684,503 13,226 382,087 1,085,777 6,740,593
Revaluation of Assets
-Profit for the period 1,070,292 1,070,292
Dividends (300,000) (300,000)
Balance as at 31st March, 2012 1,575,000 3,684,503 13,226 382,087 1,856,069 7,510,885
For the 12 months ended 31st March, 2011
Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000
Balance as at 1st April, 2010 1,575,000 3,684,503 13,226 382,087 782,493 6,437,309
Revaluation of Assets
-Profit for the period 453,284 453,284
Dividends (150,000) (150,000)
Balance as at 31st March, 2011 1,575,000 3,684,503 13,226 382,087 1,085,777 6,740,593
The Notes on pages 7 to 9 form an integral part of these Financial Statements. Figures in brackets indicate deductions.
Total Stated Capital
Stated Capital Revaluation
reserve capital Other reserve General reserve Revaluation reserve Other capital reserve Retained earnings Retained earnings Total Minority interest Total Non Controlling interest Total equity Total Total equity ---Attributable to equity holders of the
Company---Stated Capital Reserve on
scrip issue Revaluation reserve capital Other General reserve reserve
Exchange fluctuation reserve Retained earnings
Statements of Changes in Equity
Stated Capital Reserve on scrip issue Revaluation reserve Other capital reserve
---Attributable to equity holders of the Company---Exchange fluctuation reserve Retained earnings General
reserve
12 months to 12 months to 12 months to 12 months to
31.03.12 31.03.11 31.03.12 31.03.11
Rs.'000 Rs.'000 Rs.'000 Rs.'000 Restated
Cash flows from operating activities
Cash generated from operations (Note A) 3,129,978 3,391,291 1,947,517 (117,582)
Retiring gratuity paid (344,783) (230,433) (6,600) (10,627)
Interest paid (including interest capitalised) (1,471,162) (1,209,654) (399,698) (282,265)
Income taxes paid (1,067,420) (748,493) (4,484) (3,845)
Net cash inflow/(outflow) from operating activities 246,613 1,202,711 1,536,735 (414,319) Cash flows from Investing activities
Purchase and construction of property, plant & equipment (5,035,767) (2,886,161) (108,736) (12,270)
Grants received - capital 37,583 147,483
Proceeds from disposal of property, plant & equipment 234,622 205,558 566 1,470 On acqusition of right to generate hydro power / ERP system (72,170) (35,769)
Proceeds from disposal of assets held for sale 1,523 102,673
Proceeds from disposal of investments 2,597,135 - 280,000 1,532,393
Investments in group companies and others (3,109) (13,000) (2,260,153) (2,541,282)
Short term investments (18,324) (817,914)
Proceeds from disposal of Short Term investments 1,342 942,614
Acquisition of Subsidiaries (2,690,342) (2,115,321)
Proceeds from disposal of equity accounted investees 172,699 22,525
Interest received 215,307 166,465 28,842 9,091
Dividends received from equity accounted investees 7,800 3,120
Dividends received from non - group companies 135,613 2,120 134,122 405 Recovery of employee share trust loan 804 1,842 804 1,842
Net payments to non controlling interest (389,080) (386,272)
Net cash used in investing activities (4,804,363) (4,660,037) (1,924,555) (1,008,351)
Net cash inflow/(outflow) before financing (4,557,750) (3,457,326) (387,820) (1,422,670)
Cash flows from financing activities
Capital payment on finance leases (39,922) (29,867)
Buy back of shares (50,000)
Debenture Redemption (95,000)
Proceeds from long - term loans 3,541,006 3,898,728 - 2,400,000
Repayment of long - term loans (2,907,696) (1,663,584) (506,666) (130,000)
Dividends paid (300,000) (150,000) (300,000) (150,000)
Net cash inflow/(outflow) from financing activities 243,388 1,960,277 (806,666) 2,120,000 Net increase/(decrease) in cash and cash equivalents (4,314,362) (1,497,049) (1,194,486) 697,330 Cash and cash equivalents at beginning of the year/period (7,395,001) (5,897,952) (1,012,511) (1,709,842) Cash and cash equivalents at end of the year/period (Note B) (11,709,363) (7,395,001) (2,206,997) (1,012,511)
0
0
(0)
-Net cash flows related to discontinued operations, shown in Note 16- Discontinued Operations
Consolidated Company
Cash Flow Statements
12 months to 12 months to 12 months to 12 months to
31.03.12 31.03.11 31.03.12 31.03.11
Rs.'000 Rs.'000 Rs.'000 Rs.'000
Restated
A. Cash generated from operations
Profit before tax from continuing operations
4,805,989
2,040,629
1,075,633
455,164
Loss before tax from discontinued operations
-
(9,042)
Profit before tax
4,805,989
2,031,587
1,075,633
455,164
Adjustments for:
Net finance expense
1,575,507
846,341
370,856
273,174
Share of profits from equity accounted investees
(12,695)
(51,073)
Depreciation on property, plant & equipment
1,621,341
1,262,884
26,829
29,764
(Gain)/loss on the disposal of property, plant & equipment
113,442
(45,164)
(204)
(1,174)
Amortisation of Surplus on acquisition
Amortisation of intangible assets
27,328
22,307
Dividend income
(135,613)
(2,120)
(134,122)
(405)
Net gains/(loss) on translation of foreign currency
(319,652)
196,849
Differences of exchange on translation of foreign entities
(465,540)
53,760
Provision for bad and doutful debts
30,877
130,417
1,446
(650)
Provision for unrealised profit and write-down of inventories
104,136
315,716
(Gain)/loss on the disposal of long-term investments
(2,198,233)
(Gain)/loss on the disposal of short-term investments
(1,343)
(133,593)
(214,343)
(234,495)
(Gain)/loss on the disposal of subsidiary and equity accounted investees
(20,975)
(5,381)
Provision for retiring gratuity
881,964
631,772
76,640
55,812
Surplus on acquisition of subsidiary
(81,372)
(3,761)
Grants amortised
(52,780)
(21,415)
Provision for fall in value of investment
9,919
5,872,381
5,239,045
1,202,735
577,190
(Increase)/decrease in trade and other receivables
(2,114,194)
(1,213,824)
27,903
949
(Increase)/decrease in inventories
(2,031,053)
(252,317)
478
102
Increase/(decrease) in trade and other payables
1,402,844
(381,613)
716,401
(695,823)
3,129,978
3,391,291
1,947,517
(117,582)
B. Analysis of cash and cash equivalents
Cash & cash equivalents
1,755,418
1,487,226
25,834
19,915
Short - term deposits
915,067
1,378,314
2,670,485
2,865,540
25,834
19,915
Short-term interest bearing borrowings
(14,379,848)
(10,260,541)
(2,232,831)
(1,032,426)
Cash and cash equivalents as restated
(11,709,363)
(7,395,001)
(2,206,997)
(1,012,511)
Cash Flow Statements
Consolidated
Company
1 2 3
4 Where necessary, comparative figures have been re - classified to conform with the current period's presentation.
5
6 7 8
9 The Board of Directors of the Hayleys MGT Knitting Mills PLC, a Subsidiary of the Group, at a Board Meeting held on 13th February 2012, recommend to the shareholders, the issue of new Ordinary Shares by way of a Right Issue. This was passed at an Extra Ordinary Meeting held on 10th April 2012.
Accordingly, the Company issued 101,562,212 shares at the rate of Rs. 9/- with two new ordinary shares for every one existing ordinary share
held by its shareholders. Last date of acceptance & payment was 27th April 2012 and it was fully subscribed. Hayleys PLC subscribed to Rs 826 Mn worth of shares in total.
10 During the year a physical verification of Property, Plant & Equipment was carried out at Hayleys MGT Knitting Mills PLC, a Subsidiary of the Group and assets amounting to Rs 132 Mn were written down. Cost & the accumulated depreciation of the Assets were Rs 407 Mn & Rs 275 Mn respectively.
11 Hotel Services (Ceylon) PLC a subsidiary of the Group, closed down the hotel from 1st February 2012, for a major refurbishment.
As part of the refurbishment, assets with net book value amounting to Rs.150 Mn were de-recognized by the Company. Total de-recognised amount was charged to the income statement
12 The Consolidated Financial Statements have been restated in accordance with Sri Lanaka Accounting Standard 10- Accounting Policies, changes in Accounting Estimates and Errors ( Revised 2005) to refelect the following adjustments.
i. Alutec Anodising & Machine Tools ( Pvt) Ltd ( Alumex Group), a subsidiary of Hayleys PLC, adjusted errors in Work- In- Progress, Trade and Recieveables, Intagible Assets and Retirement Benefit obligation the net of which Rs 79 Mn was balance brought forward in the retained earnings of the Company. During the second quarter Hayleys PLC sold 33.3% shareholding in Hayleys Plantation Services (Pvt) Ltd to DPL Plantations (Pvt) Ltd, a wholly owned Subsidiary of Dipped Products PLC which is a Hayleys Group Company.
During the period group companies of Hayleys PLC disposed 6,874,584 ordinary shares in Hayleys PLC and the gain on disposal of Rs. 2.19 B is included in Other Income.
During the second quarter Hayleys PLC and its Group Companies acquired 51% of equity stake in Amaya Leisure PLC. Hayleys PLC acquired 12,785,861 shares (26.62%) of the Amaya Group whilst the remaining were purchased by Hayleys Group Companies. Post the acquisition Hayleys PLC made a mandatory offer to purchase the remaining shares of Amaya Leisure PLC from existing shareholers of which 6,580,353 were accepted.
The relevant impact of the restatement has been taken in to the Hayleys PLC consolidated Financial Statements
Notes to the Financial Statements
These Interim Financial statements which have not been audited, comply with the Sri Lanka Accounting Standards 35- Interim Financial Reporting and they also provide the information required by the Colombo Stock Exchange
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 31.03.2011.
Except for Note no 9 below, no circumstances have arisen since the Balance Sheet date, which would require adjustments to or disclosure in the financial statements.
In accordance with the Collective Agreement between the Employers Federation of Ceylon and the plantations Trade Unions, the daily basic wage was increased from Rs.285/- to Rs.380/- with effect from 1st April 2011. Accordingly, provision has been made in the financial statements of Plantation companies to represent the increased liability on Retiring Gratuity.
Total Intra-group
Unaudited Audited
12 months to 12 months to
31.03.12 31.03.11
Rs.'000 Rs.'000 Rs.'000 Rs.'000
13 INDUSTRY SEGMENT TURNOVER Continuing operations Global Markets & Manufacturing
Fibre 5,420,648 842,893 4,577,755 4,582,981
Hand Protection 13,499,025 13,499,025 11,700,036
Purification Products 8,468,844 8,468,844 6,325,897
Textiles 5,206,976 5,206,976 6,543,378
Construction Materials 2,254,953 2,254,953 1,383,288
Agriculture & Plantations
-Agriculture 8,042,339 386,493 7,655,846 7,406,636
Plantations 8,793,385 752,128 8,041,257 4,662,038
Transportation & Logistics 5,284,821 5,284,821 4,734,997
Consumer Products 4,285,285 4,285,285 3,799,838
Power and Energy
-Industry Inputs 1,292,709 1,292,709 1,932,772
Power 327,671 327,671 353,687
Leisure and Aviation 1,569,962 1,569,962 924,677
Investments & Services 233,760 233,613 147 19,982
64,680,379
2,215,127 62,465,253 54,370,207
14 INDUSTRY SEGMENT RESULTS
Consolidated Consolidated
Unaudited Audited
12 months to 12 months to
31.03.12 31.03.11
Rs.'000 Rs.'000
Continuing operations Global Markets & Manufacturing
Fibre 163,829 (122,722)
Hand Protection 2,065,719 454,677
Purification Products 806,595 643,009
Textiles (741,226) (678,859)
Construction Materials 179,956 57,480
Agriculture & Plantations
Agriculture 1,223,401 721,070
Plantations 526,404 632,390
Transportation & Logistics 595,992 558,144
Consumer Products 279,086 236,779
Power & Energy
Industry Inputs 160,764 29,150
Power & Energy 125,400 182,148
Leisure and Aviation 94,849 124,195
Investments & Services 826,294 16,533
Segment results 6,307,063 2,853,994
Non - segment income/(expenses) 61,738 (18,099)
Operating profit 6,368,801 2,835,895
Net Finance cost (1,575,507) (846,341)
Share of profits from equity accounted investees 12,695 51,074
Profit before tax 4,805,989 2,040,628
15 STATED CAPITAL
Unaudited Unaudited
as at as at
31.03.12 31.03.11
Rs.'000 Rs.'000
Issued and fully paid
75,000,000 (75,000,000 - 31.03.2011) ordinary shares 1,575,000 1,575,000
Notes to the Financial Statements
Consolidated
External
16 DISCONTINUED OPERATIONS
12 months to 12 months to 3 months to 3 months to
31.03.12 31.03.11 Change 31.03.12 31.03.11 Change
Rs.'000 Rs.'000 % Rs.'000 Rs.'000 %
Revenue and expenses to discontinued operations
Gross turnover - 5 5 5 Turnover tax - - -
-Net turnover - 5 5 5 Cost of sales - (4) (4) (4)
Gross profit - 1 1 1
-Other income - - - -Distribution expenses - (977) (977) (977) Administrative expenses - (8,066) (8,066) (8,066) Net finance cost - - -
-Loss before tax - (9,042) 9,042 (9,042) Tax expense - - -
-Profit for the period from continuing operations - (9,042) (9,042) (9,042)
Earnings per share
-Basic earnings per share (Rs.) - (0.11) 0.12 0.12 Diluted earnings per share (Rs.) - (0.11) (0.43) (0.43)
Assets and Liabilities of discontinued operations
Unaudited Audited
as at as at
31.03.12 31.03.11
Rs.'000 Rs.'000
Assets classified as held for sale
Property, plant & equipment 917 10,117 Deferred tax asset
Trade and other recievebles 2,033 3,964 Income tax recoverable
Inventories 1,302 1,302 Cash In hand And Bank 610 610
Total assets 4,862 15,993
Liabilities directly associated with assets classified as held for sale
Trade and other payables 1,962 2,370 Short-term interest bearing borrowings
Loan Payable before 1 yr 212 212
Total equity and liabilities 2,174 2,582
Cash Flow related to discontinued operations
Unaudited Audited
12 months to 12 months to
31.03.12 31.03.11
Rs.'000 Rs.'000
Net cash flows from operating activities - -Net cash flows from Investing activities - -Net cash flows from financing activities -
-Net cash out flow from discontinuing operation -
-Notes to the Financial Statements
Consolidated Consolidated
MARKET VALUE OF SHARES
The market value of an ordinary share of Hayleys PLC was as follows:
31.03.2012 31.03.2011
Rs. Rs.
Closing price on 360.00 382.10
Highest price recorded for the twleve months ending 426.00 415.50 Lowest price recorded for the twleve months ending 295.00 223.00 Highest price recorded for the three months ending 390.00 415.50 Lowest price recorded for the three months ending 330.00 340.10 Market capitalisation (Rs. Mn.) 27,000 28,658
RATIOS
Net assets per share 242.13 208.61
Price earnings ratio (times) 10.72 42.32
DIVIDEND PAYMENT
First and Final dividend 2010/11 Rs 4.00 per share paid on 08th July, 2011
First & final dividend 2011/12 (Proposed) Rs. 4.00 per share
SHARE TRADING FROM 1ST APRIL, 2011 TO 31ST MARCH, 2012
No. of transactions 1,741 No. of shares traded 18,938,893 Value of shares traded (Rs.) 7,188,680,168
