COLD STORES PLC - Company Profile Cold Stores manufacturers and markets a unique brand of ice cream which is the leading frozen Please use the following information to answer the questions in Part A COLD STORES PLC Managing Finance Graduate Diploma in Management towards the welfare of its employees, suppliers and the society as a whole. Cold Stores concerns Corporate Social Responsibility (CSR) as priority and gives high concern chocolate. country and the range extends to other flavours such as mango, strawberry, vanilla and available but humbled. Cold Stores ice cream is probably the best tasting vanilla ice cream in the confectionery brand both in Sri Lanka and Maldives, where many other international brands are with the widest reach in the island. Cold Stores at a Glance presently manufactured and marketed by Cold Stores which is probably the beverage company Caffeine based 'Cold Energy' energy drink and 'Refresh' bottled drinking water brands are also regions of Hatharaliyadda, Pujapitiya and Aludeniya. they extract ginger from ginger farms in Pilimatalawa, Daulagala, Danthurai, Hedeniya and Kandy Ginger Soda remains to date the only ginger beer using natural ginger extracts in Sri Lanka and orange flavored Orange Flush, Lemon Crush, Cold Cola and Soda. Cream Cola the popular vanilla flavored youth beverage, raspberry flavored Raspberry Soda, The Cold Stores' carbonated soft drinks range include Ginger Soda which contains natural ginger, drinks and natural beverages. carbonated soft drinks, caffeine based beverages, known in certain parts of the world as energy Cold Stores PLC is a Sri Lankan corporate where its product portfolio presently includes of the question paper.
Profit Before Tax (191,277) Tax Expense 402,175 469,539 268,345 420,151 (131,818) (189,533) (67,902) (192,606) (121,713) Finance Expenses (59,915) (170,939) (83,133) (128,731) (158,970) Other Operating Expenses 11.26 Income Statement 1.00 4.00 1.00 4.00 Dividend Per Share - Paid 12.96 Profit for the Year 6.46 10.60 Basic Earnings Per Share 243,205 280,006 139,614 228,874 (203,843) (259,112) Group 14,363,301 (11,049,736) (12,565,520) Cost of Sales 4,967,708 5,264,128 12,690,168 Revenue (3,363,058) In Rs. ‘000 s 2009 2010 2009 2010 For the year ended 31st March Company (3,539,973) Gross Profit (262,699) Distribution Expenses (438,342) (452,334) Administrative Expenses (809,875) (832,243) (884,441) (903,808) 58,245 1,797,781 79,167 226,435 304,068 Other Operating Income 1,604,650 1,724,155 1,640,432 Cold Stores PLC
Employee Benefit Liability 40,000 - - Deferred Tax Liabilities 96,698 129,575 96,698 129,575 280,319 Interest Bearing Borrowings from Related Parties 245,647 239,416 211,525 Deposits with the Company 216,400 274,576 216,400 274,576 58,000 283,574 1,070,098 1,370,595 270,200 Capital Reserves 1,155,779 1,155,779 1,155,779 1,155,779 Revenue Reserves 1,211,362 1,068,902 1,177,003 142,817 2,637,341 2,494,881 2,796,574 2,602,982 Non-Current Liabilities Interest Bearing Borrowings 142,817 380,300 794,234 695,331 270,200 178,257 140,757 140,757 Bank Overdrafts 469,433 837,960 1,424 294,796 3,054,863 Current Portion of Long Term Interest Bearing Borrowings 2,925,244 980,877 1,204,569 Total Equity and Liabilities 6,486,438 6,490,223 4,472,782 4,706,801 Balance Sheet 140,757 18,757 899,250 108,314 Current Liabilities Trade and Other Payables 2,078,336 1,592,456 737,184 577,245 Amounts Due to Related Parties 110,881 11,371 - 15,654 Income Tax Liabilities 91,292 157,336 90,141 157,360 Short Term Borrowings from Related Companies 164,164 50,921 270,200 270,200 Group - Other Investments - 3,100 - 3,100 Deferred Tax Assets 64,299 55,432 - 522,892 Other Non Current Assets 367,431 471,172 352,306 452,039 4,027,523 4,244,525 3,512,633 522,892 - Current Assets Property, Plant and Equipment Company As at 31st March 2010 2009 2010 2009 In Rs. ‘000 s ASSETS Non-Current Assets 3,480,787 - 3,599,815 2,637,435 2,725,641 Intangible Assets 115,006 115,006 - - Investments in Subsidiaries 3,703,672 Inventories Stated Capital 33,000 - 30,000 - Cash in Hand and at Bank 95,003 37,683 55,709 2,052 2,458,915 - 2,245,698 960,149 1,003,129 Total Assets 6,486,438 6,490,223 4,472,782 4,706,801 EQUITY AND LIABILITIES Short Term Investment - 1,368,845 95,205 1,209,693 347,143 404,814 Trade and Other Receivable 853,859 903,132 520,135 585,339 Tax Recoverable 79,924 727 - - Amounts Due from Related Parties 13,003 14,539 7,162 10,924 Short Term Loans to Related Companies - Cold Stores PLC
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