LAUGFS POWER PLC

INTERIM FINANCIAL REPORT FOR THE QUARTER ENDED 30TH SEPTEMBER 2024

1
LAUGFS POWER PLC
CONSOLIDATED STATEMENT OF PROFIT OR LOSS
For the Quarter ended 30th September 2024

Year ended 31
Quarter ended 30th September Six Months ended 30th September
March
Unaudited Unaudited Audited
2024 2023 Change 2024 2023 Change 2024
Rs. Rs. % Rs. Rs. % Rs.

Revenue 239,036,465 243,798,435 -2% 466,542,853 486,475,145 -4% 967,670,263

Billing Under the Standardized Power Purchase

154,999,224 - 100% 375,701,363 - 100% -
Agreement

Cost of Sales (86,498,508) (84,250,082) 3% (171,637,824) (168,797,255) 2% (341,574,087)

Gross Profit 307,537,181 159,548,353 93% 670,606,392 317,677,890 111% 626,096,176

Other Operating Income - - 0% - - 100% -

Administrative Expenses (69,253,538) (39,634,558) 75% (133,132,652) (77,952,448) 71% (158,103,996)

Impairment (Charge)/Reversal - - 0% - - 0% (5,524,914)

Operating Profit 238,283,643 119,913,795 99% 537,473,740 239,725,442 124% 462,467,264

Finance Cost (52,083,549) (117,625,182) -56% (113,908,198) (220,715,791) -48% (387,530,405)

Finance Income 7,654,146 1,476,029 419% 13,174,471 2,163,109 509% 14,677,238

Profit/(Loss) Before Tax 193,854,240 3,764,642 5049% 436,740,013 21,172,760 1963% 89,614,097

Income Tax (Expense)/Reversal 67,217 (1,532,282) -104% (110,841,268) (2,974,695) 3626% (37,636,278)

Profit/(Loss) for the Period 193,921,457 2,232,360 8587% 325,898,745 18,198,065 1691% 51,977,819

Attributable to:
Equity Holders of the Parent 193,921,457 2,232,360 8587% 325,898,745 18,198,065 1691% 51,977,819

Non-Controlling Interests - - - - -

193,921,457 2,232,360 8587% 325,898,745 18,198,065 1691% 51,977,819

Basic/Diluted Earnings Per Share 0.50 0.01 0.84 0.05 0.13

Note : Change % column represents the percentage change in current period's results compared to previous period
The above figures are subject to audit.
Figures in brackets indicates deductions.

2
LAUGFS POWER PLC
CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME
For the Quarter ended 30th September 2024
Year ended 31
Quarter ended 30th September Six Months ended 30th September
March
Unaudited Unaudited Audited
2024 2023 Change 2024 2023 Change 2024
Rs. Rs. % Rs. Rs. % Rs.

Profit/(Loss) for the Period 193,921,457 2,232,360 8587% 325,898,745 18,198,065 1691% 51,977,819

Other Comprehensive Income

Other Comprehensive Income that will not be Reclassified to
Profit or Loss in Subsequent Periods:
Actuarial Gains/(Losses) on Defined Benefit Liability - - 0% - - 0% 102,426

Tax Effect - - 0% - - 0% (63,952)

Other Comprehensive Income/(Loss) for the Period Net of Tax - - 0% - - 0% 38,474

Total Comprehensive Income/(Loss) for the Period Net of Tax 193,921,457 2,232,360 8587% 325,898,745 18,198,065 1691% 52,016,293

Attributable to:
Equity Holders of the Parent 193,921,457 2,232,360 8587% 325,898,745 18,198,065 1691% 52,016,293

Non-Controlling Interests - - 0% - - 0% -

193,921,457 2,232,360 8587% 325,898,745 18,198,065 1691% 52,016,293

3
LAUGFS POWER PLC 0.06 0.23 0.27
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As at 30th September 2024
Unaudited Unaudited Audited
As at As at As at
30.09.2024 30.09.2023 31.03.2024
Rs. Rs. Rs.
ASSETS
Non-Current Assets
Property, Plant & Equipment 3,232,257,905 3,470,677,501 3,341,875,458
Right-of-use asset 92,722,503 85,810,065 94,489,302
Intangible Assets - 1,139 -
3,324,980,408 3,556,488,705 3,436,364,760

Current Assets
Inventories 114,135 123,434 114,135
Trade and Other Receivables 620,091,129 946,622,897 476,139,959
Income Tax Recoverable 1,310,382 953,892 492,329
Cash and Cash Equivalents 465,113,146 117,404,095 415,589,500
1,086,628,792 1,065,104,318 892,335,923
Total Assets 4,411,609,200 4,621,593,023 4,328,700,683

EQUITY AND LIABILITIES

Capital and Reserves
Stated Capital 1,880,000,000 1,880,000,000 1,880,000,000
Retained Earnings 427,413,901 67,696,929 101,515,156
Equity attributable to Equity Holders of the Parent 2,307,413,901 1,947,696,929 1,981,515,156
Total Equity 2,307,413,901 1,947,696,929 1,981,515,156

Non-Current Liabilities
Interest Bearing Loans and Borrowings 1,478,068,762 1,914,561,635 1,659,865,554
Deferred Tax Liability 83,939,630 82,234,745 85,748,823
Lease Liabilities -Long Term 77,696,350 67,750,095 73,090,578
Employee Benefit Liability 7,754,722 8,136,831 7,105,899
1,647,459,465 2,072,683,306 1,825,810,856
Current Liabilities
Trade and Other Payables 71,660,628 100,259,866 97,546,995
Lease Liabilities -Short Term 3,149,071 2,822,520 1,911,828
Income Tax Payable 482,894 -
Bank Overdraft - - 15,912,010
Interest Bearing Loans and Borrowings 381,443,241 498,130,401 406,003,838
456,735,834 601,212,787 521,374,671
Total Equity and Liabilities 4,411,609,200 4,621,593,023 4,328,700,683
(0) (0) (0)
Net Assets Per Share (Rs.) 5.96 5.03 5.12
Note: The above figures are subject to audit. 0 0 0

I certify that these financial statements are in compliance with the requirements of the Companies Act No :07 of 2007.

Sgd.
R.D.G. Maduranga
he BoardManager
Finance of Directors is responsible for the preparation and presentation of these Financial Statements.

The Board of Directors is responsible for the preparation and presantation of these financial statements. Sign for and on behalf of the board by

Sgd. Sgd.
W.K.H. Wegapitiya U.K. Thilak De Silva
(Director) (Director)
11th November 2024

4
LAUGFS POWER PLC
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
For the Quarter ended 30th September 2024

Stated Retained Non-Controlling Total

Capital Earnings Interests
Rs. Rs. Rs. Rs.

Balance as at 01 April 2024 1,880,000,000 101,515,156 - 1,981,515,156

Profit for the Six Months - 325,898,745 - 325,898,745

Other Comprehensive Income - - - -

Total Comprehensive Income - 325,898,745 - 325,898,745

Dividend Paid - - - -

Balance as at 30th September 2024 1,880,000,000 427,413,901 - 2,307,413,901

Balance as at 01 April 2023 1,880,000,000 49,498,864 - 1,929,498,864

Profit for the Six Months - 18,198,065 - 18,198,065

Other Comprehensive Income - - - -

Total Comprehensive Income - 18,198,065 - 18,198,064.92

Dividend Paid - - - -

Balance as at 30th September 2023 1,880,000,000 67,696,929 - 1,947,696,929

Note : The above figures are subject to audit.

Figures in brackets indicates deductions.

5
LAUGFS POWER PLC
CONSOLIDATED STATEMENT OF CASH FLOWS
For the Quarter ended 30th September 2024
Unaudited Unaudited
2024 2023
Rs. Rs.
Cash Flows Generated from/(Used in) Operating Activities

Cash Flows from Operating Activities

Profit /(Loss) Before Tax 436,740,013 21,172,760

Non-Cash Adjustment to Reconcile Profit before Tax to Net Cash Flows:

Amortization of Intangible Assets - 6,842
Depreciation of Property, Plant & Equipment 123,619,366 123,378,808
Amortization of Right-to-use Assets 3,940,231 3,523,889
Finance Costs 109,085,361 216,424,350
Finance Charge on Right-to-use Assets 4,822,836 4,291,441
Finance Income (13,174,471) (2,163,109)
Provision for Employee Benefit Liability 775,361 716,852
Transfer of Employee Benefit Liability - 15,994
Operating Profit Before Working Capital Changes 665,808,698 367,367,828

(Increase)/ Decrease in Inventories - -

(Increase)/Decrease in Trade and Other Receivables and Prepayments (144,565,685) 260,963,456
Increase/ (Decrease) in Trade and Other Payables (135,702,748) (22,164,547)
Cash Generated from Operations 385,540,264 606,166,737
Employee Benefit Liability Costs Paid (126,536) -
Finance Costs Paid (109,674,117) (221,607,168)
Income Tax Paid (1,970,663) (24,575)
Net Cash Flows Generated from Operating Activities 273,768,949 384,534,995

Cash Flows from / (Used in) Investing Activities

Acquisition of Property, Plant & Equipment (14,001,807) (750,000)
Proceeds from Disposal of Property, Plant & Equipment - -
Net Cash Flows from/(Used in) Investing Activities (14,001,807) (750,000)

Cash Flows from / (Used in) Financing Activities

Dividend Paid - -
Finance Income 13,174,471 2,163,109
Proceeds from Interest Bearing Loans and Borrowings - 50,844,984
Repayment of Interest Bearing Loans and Borrowings (206,357,392) (363,082,532)
Repayment of Lease Rentals (1,148,565) (548,260)
Net Cash Flows Used in Financing Activities (194,331,486) (310,622,700)

Net Increase in Cash and Cash Equivalent 65,435,656 73,162,295

Cash and Cash Equivalent at the Beginning of the Period 399,677,490 44,241,806
Cash and Cash Equivalent at the End of the Period 465,113,146 117,404,095

Note : The above figures are subject to audit.

Figures in brackets indicates deductions. 465,113,146 117,404,095

6
LAUGFS POWER PLC
COMPANY STATEMENT OF PROFIT OR LOSS
For the Quarter ended 30th September 2024

Year ended 31
Quarter ended 30th September Six Months ended 30th September
March
Unaudited Unaudited Audited
2024 2023 Change 2024 2023 Change 2024
Rs. Rs. % Rs. Rs. % Rs.

Revenue 15,188,749 15,155,845 0% 35,749,604 33,972,005 5% 88,883,670

Billing Under the Standardized Power Purchase

8,691,056 - 100% 28,320,480 - 100% -
Agreement

Cost of Sales (8,929,136) (8,586,193) 4% (17,715,562) (17,105,801) 4% (34,404,125)

Gross Profit 14,950,669 6,569,652 128% 46,354,522 16,866,204 175% 54,479,545

Other Operating Income - - 0% 625,602,502 - 100% 170,000,425

Administrative Expenses (38,492,444) (17,086,901) 125% (73,307,971) (33,842,516) 117% (71,434,506)

Operating Profit/(Loss) (23,541,775) (10,517,249) 124% 598,649,053 (16,976,312) -3626% 153,045,464

Finance Cost (2,904,644) (6,663,350) -56% (6,350,765) (11,176,861) -43% (19,964,170)

Finance Income 103,679 59,206 75% 280,401 118,763 136% 1,881,329

Profit/(Loss) Before Tax (26,342,741) (17,121,393) 54% 592,578,689 (28,034,410) -2214% 134,962,623

Income Tax (Expense)/Reversal 906,513 (1,440,842) -163% 1,809,193 (2,825,730) -164% (6,273,459)

Profit/(Loss) for the Period (25,436,228) (18,562,235) 37% 594,387,882 (30,860,140) -2026% 128,689,164

Attributable to:
Equity Holders of the Parent (25,436,228) (18,562,235) 37% 594,387,882 (30,860,140) -2026% 128,689,164

Non-Controlling Interests - - 0% - - 0% -

(25,436,228) (18,562,235) 37% 594,387,882 (30,860,140) -2026% 128,689,164

Basic/Diluted Earnings Per Share (0.07) (0.05) 1.54 (0.08) 0.33

Note : Change % column represents the percentage change in current period's results compared to previous period
The above figures are subject to audit.
Figures in brackets indicates deductions.

7
LAUGFS POWER PLC
COMPANY STATEMENT OF OTHER COMPREHENSIVE INCOME
For the Quarter ended 30th September 2024
Six Months ended 30th Year ended 31
Quarter ended 30th September
September March
Unaudited Unaudited Audited
2024 2023 Change 2024 2023 Change 2024
Rs. Rs. % Rs. Rs. % Rs.

Profit for the Period (25,436,228) (18,562,235) 37% 594,387,882 (30,860,140) -2026% 128,689,164

Other Comprehensive Income

Other Comprehensive Income that will not be Reclassified to
Profit or Loss in Subsequent Periods:
Gains/(Losses) on financial assets at FVTOCI - - 0% - - 0% (45,743,000)

Actuarial Gains/(Losses) on Defined Benefit Liability - - 0% - - 0% 213,173

Tax Effect - - 0% - - 0% (63,952)

Other Comprehensive Income/(Loss) for the Period Net of Tax - - 0% - - 0% (45,593,779)

Total Comprehensive Income/(Loss) for the Period Net of Tax (25,436,228) (18,562,235) 37% 594,387,882 (30,860,140) -2026% 83,095,385

Attributable to:
Equity Holders of the Parent (25,436,228) (18,562,235) 37% 594,387,882 (30,860,140) -2026% 83,095,385

Non-Controlling Interests - - 0% - - 0% -

(25,436,228) (18,562,235) 37% 594,387,882 (30,860,140) -2026% 83,095,385

8
LAUGFS POWER PLC - 0.32 0.14
COMPANY STATEMENT OF FINANCIAL POSITION
As at 30th September 2024
Unaudited Unaudited Audited
As at As at As at
30.09.2024 30.09.2023 31.03.2024
Rs. Rs. Rs.
ASSETS
Non-Current Assets
Property, Plant & Equipment 302,145,972 318,797,418 306,938,580
Right-of-use asset 6,117,007 6,343,105 5,197,042
Intangible Assets - 1,140 -
Investments in Subsidiaries 2,982,049,000 3,027,792,000 2,982,049,000
3,290,311,979 3,352,933,664 3,294,184,622

Current Assets
Trade and Other Receivables 553,888,873 308,477,202 461,521,514
Income Tax Recoverable 38,780 6,977 29,068
Cash and Short-Term Deposits 9,589,635 21,537,107 25,937,311
563,517,288 330,021,286 487,487,893
Total Assets 3,853,829,267 3,682,954,949 3,781,672,515

EQUITY AND LIABILITIES

Capital and Reserves
Stated Capital 1,880,000,000 1,880,000,000 1,880,000,000
Fair Value Reserve of Financial Assets at FVOCI (123,451,000) (77,708,000) (123,451,000)
Retained Earnings 944,736,083 190,649,678 350,348,201
Equity attributable to Equity Holders of the Parent 2,701,285,083 1,992,941,678 2,106,897,201
Non-Controlling Interests - - -
Total Equity 2,701,285,083 1,992,941,678 2,106,897,201

Non-Current Liabilities
Interest Bearing Loans and Borrowings 87,723,652 103,792,366 96,320,508
Deferred Tax Liability 83,939,630 82,234,745 85,748,823
Employee Benefit Liability 7,194,328 7,759,628 6,445,888
178,857,610 193,786,738 188,515,219
Current Liabilities
Trade and Other Payables 956,726,091 1,475,430,985 1,470,562,955
Lease Liabilities -Short Term 1,116,769 1,031,192 -
Income Tax Payable - - -
Bank Overdraft - - 753,426
Interest Bearing Loans and Borrowings 15,843,714 19,764,354 14,943,714
973,686,574 1,496,226,531 1,486,260,095
Total Equity and Liabilities 3,853,829,267 3,682,954,949 3,781,672,515
- (0.32) (0.14)
Net Assets Per Share (Rs.) 6.98 5.15 5.44

Note: The above figures are subject to audit. - (0.32) (0.14)

I certify that these financial statements are in compliance with the requirements of the Companies Act No :07 of 2007.

Sgd.
R.D.G. Maduranga
The Board
Finance of Directors is responsible for the preparation and presentation of these Financial Statements.
Manager

The Board of Directors is responsible for the preparation and presantation of these financial statements. Sign for and on behalf of the board by

Sgd. Sgd.
W.K.H. Wegapitiya U.K. Thilak De Silva
(Director) (Director)
11th November 2024

9
LAUGFS POWER PLC
COMPANY STATEMENT OF CHANGES IN EQUITY
For the Quarter ended 30th September 2024

Stated Retained Fair Value Total

Capital Earnings Reserve of Financial

Assets at FVOCI
Rs. Rs. Rs. Rs.

Balance as at 01 April 2024 1,880,000,000 350,348,201 (123,451,000) 2,106,897,201

Profit for the Six Months - 594,387,882 - 594,387,882

Other Comprehensive Income - - -

Total Comprehensive Income - 594,387,882 - 594,387,882

Dividend Paid - - - -

Balance as at 30th September 2024 1,880,000,000 944,736,083 (123,451,000) 2,701,285,083

Balance as at 01 April 2023 1,880,000,000 221,509,816 (77,708,000) 2,023,801,816

Profit for the Six Months - (30,860,140) - (30,860,140)

Other Comprehensive Income - - - -

Total Comprehensive Income - (30,860,140) - (30,860,140)

Dividend Paid - - - -

Balance as at 30th September 2023 1,880,000,000 190,649,678 (77,708,000) 1,992,941,678

Note : The above figures are subject to audit.

Figures in brackets indicates deductions.

10
LAUGFS POWER PLC
COMPANY STATEMENT OF CASH FLOWS
For the Quarter ended 30th September 2024
Unaudited Unaudited
2024 2023
Rs. Rs.
Cash Flows Generated from/(Used in) Operating Activities

Cash Flows from Operating Activities

Profit /(Loss) Before Tax 592,578,689 (28,034,410)

Non-Cash Adjustment to Reconcile Profit before Tax to Net Cash Flows:

Amortization of Intangible Assets - 6,842
Depreciation of Property, Plant & Equipment 12,140,227 11,911,732
Amortization of Right-to-use Assets 1,253,466 1,146,064
Dividend Income (625,602,502) -
Finance Costs 6,254,174 11,007,776
Finance Charge on-Right-to-use Assets 96,591 169,085
Finance Income (125,834) (118,763)
Provision for on
(Profit)/Loss Employee
DisposalBenefit Liability
of Property, Plant & Equipment 748,440
- 692,000
-
Operating Profit Before Working Capital Changes (12,656,750) (3,219,674)

(Increase)/Decrease in Trade and Other Receivables and Prepayments (92,377,070) (10,650,704)

Increase/ (Decrease) in Trade and Other Payables 111,759,751 76,818,169
Cash Generated from Operations 6,725,930 62,947,790

Employee Benefit Liability Costs Paid - -

Finance Costs Paid (6,252,974) (21,574,770)
Income Tax Paid - -
Net Cash Flows Generated from Operating Activities 472,956 41,373,020

Cash Flows from / (Used in) Investing Activities

Acquisition of Property, Plant & Equipment (7,347,617) (750,000)
Proceeds from Disposal of Property, Plant & Equipment - -
Net Cash Flows from/(Used in) Investing Activities (7,347,617) (750,000)

Cash Flows from / (Used in) Financing Activities

Finance Income 125,834 118,763
Proceeds from Interest Bearing Loans and Borrowings - -
Repayment of Interest Bearing Loans and Borrowings (7,696,857) (19,895,313)
Repayment of Lease Rentals (1,148,565) (548,260)
Net Cash Flows Used in Financing Activities (8,719,588) (20,324,810)

Net Increase in Cash and Cash Equivalent (15,594,249) 20,298,210

Cash and Cash Equivalent at the Beginning of the Period 25,183,885 1,238,896
Cash and Cash Equivalent at the End of the Period 9,589,635 21,537,107

Note : The above figures are subject to audit. 9,589,635 21,537,107

Figures in brackets indicates deductions. 0.03 (0.87)

11
LAUGFS POWER PLC
For the Quarter ended 30th September 2024

Operating Segments
Hydro Power Solar Power Eliminations/Adjustments Group
2024 2023 2024 2023 2024 2023 2024 2023
Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.
Revenue
External Customers 17,892,568 21,590,803 448,650,285 464,884,342 - - 466,542,853 486,475,145
Billing Under the Standardized Power
25,208,828 - 350,492,535 - 375,701,363 -
Purchase Agreement
43,101,396 21,590,803 799,142,820 464,884,342 - - 842,244,216 486,475,145

Results
Operating Profit 15,054,459 (2,447,006) 1,148,021,783 242,172,448 (625,602,502) - 537,473,740 239,725,442

Finance Costs (9,838,649) (24,508,627) (104,069,549) (196,207,164) - - (113,908,198) (220,715,791)

Finance Income 293,101 267,789 12,881,370 1,895,320 - - 13,174,471 2,163,109
Profit/(Loss) Before Tax 5,508,911 (26,687,844) 1,056,833,605 47,860,604 (625,602,502) - 436,740,013 21,172,760
Income Tax Expense (202,780) (1,368,360) (238,046) (1,606,335) (110,400,442) - (110,841,268) (2,974,695)
Profit/(Loss) for the Year 5,306,131 (28,056,204) 1,056,595,558 46,254,269 (736,002,944) - 325,898,745 18,198,065

Assets & Liabilities

Total Non-Current Assets 1,255,692,335 1,399,647,083 5,512,632,257 5,640,403,893 (3,443,344,184) (3,483,562,270) 3,324,980,408 3,556,488,705
Total Current Assets 29,878,326 65,939,044 2,278,232,611 2,641,493,427 (1,221,482,145) (1,642,328,154) 1,086,628,792 1,065,104,318
Total Assets 1,285,570,661 1,465,586,127 7,790,864,868 8,281,897,320 (4,664,826,329) (5,125,890,424) 4,411,609,200 4,621,593,023

Total Non-Current Liabilities 70,526,686 140,356,384 1,576,932,779 1,932,326,922 - - 1,647,459,465 2,072,683,306

Total Current Liabilities 398,072,064 320,117,389 1,280,145,915 1,923,423,552 (1,221,482,145) (1,642,328,154) 456,735,834 601,212,787
Total Liabilities 468,598,750 460,473,773 2,857,078,694 3,855,750,474 (1,221,482,145) (1,642,328,154) 2,104,195,299 2,673,896,094

12
LAUGFS POWER PLC
NOTES TO THE FINANCIAL STATEMENTS
1 Corporate Information

LAUGFS Power PLC is a limited liability company incorporated and domiciled in Sri Lanka.

The interim financial statements of the group and company for the Quarter ended 30th September 2024 were authorised for issue by the board of directors
on 11th November 2024.

2 Basis of Preparation

These interim financial statements have been prepared in accordance with Sri Lanka Accounting Standard LKAS 34 - "Interim Financial Reporting". They
should be read in conjunction with the Annual Report for the year ended 31 March 2024.

The presentation and classification of the financial statements of the previous year have been amended, where relevant, for better presentation and to be
comparable with those of the current period.

The interim financial statements have been prepared on a historical cost basis, except for "investment in subsidiaries", which have been measured at fair
value.

3 Contingencies, capital and other commitments

There has been no significant change in the nature of the contingencies and other commitments.

4 Events occurring after the reporting date

There have been no material events occurring after the reporting date that require adjustments to or disclosure in the financial statements.

13
LAUGFS POWER PLC
NOTES TO THE FINANCIAL STATEMENTS
For the Quarter ended 30th September 2024
5. Share Information

5.1. Public share holdings

The percentage of ordinary voting shares held by the public as at 30th September 2024 were 25.23%.

Total number of shareholders who hold the public holding as at 30th September 2024 were 7,624

The float adjusted market capitalisation as at 30th September 2024 was Rs. 836,849,009.70 and company is in compliance with option 2 (Diri Savi
Board) of rule 7.13.1 (i) (b) of the Listing Rules of the Colombo Stock Exchange and the Company has complied with the minimum public holding
requirment applicable under the said option.

5.2 Directors Share holdings

The number of shares held by the Board of directors are as follows,

Ordinary Voting Shares

As at 30-09-2024 %
Name of Directors

Mr W K H Wegapitiya 1,411,536 0.421

Mr U K T N De Silva 1,077,897 0.322
Mr. P.M.B Fernando 100 0.000
Mr.P. Kudabalage Nil Nil
Mr. K.R. Goonesinghe Nil Nil
Mr. S.P.P. Amaratunga Nil Nil

Ordinary Non Voting Shares

As at 30-09-2024 %
Name of Directors

Mr W K H Wegapitiya Nil Nil

Mr U K T N De Silva Nil Nil
Mr. P.M.B Fernando Nil Nil
Mr. P. Kudabalage Nil Nil
Mr. K.R. Goonesinghe Nil Nil
Mr. S.P.P. Amaratunga Nil Nil

5.3 Chief Executive Officer's Share Holdings

Ordinary Voting Shares

As at 30-09-2024 %
Name
Mr. M.A. Wegapitiya Nil Nil

Ordinary Non Voting Shares

As at 30-09-2024 %
Name
Mr. M.A. Wegapitiya Nil Nil

14
LAUGFS POWER PLC
NOTES TO THE FINANCIAL STATEMENTS
5.4 Thirty Largest Shareholders of the company are as follows
Ordinary Voting Shares

30-09-2024
Name of Shareholder No.of Shares %

1 LAUGFS HOLDINGS LTD 247,980,050 74.02%

2 EMPLOYEE'S PROVIDENT FUND 57,897,800 17.28%
3 HATTON NATIONAL BANK PLC/ALMAS CAPITAL (PRIVATE) LIMITED 5,289,911 1.58%
4 HATTON NATIONAL BANK PLC/ALMAS HOLDINGS (PRIVATE) LIMITED 4,811,302 1.44%
5 ALMAS HOLDINGS (PRIVATE) LIMITED 1,956,467 0.58%
6 MR. W.K.H. WEGAPITIYA 1,411,536 0.42%
7 PEOPLE S LEASING AND FINANCE PLC/L.P.HAPANGAMA 1,132,541 0.34%
8 MR. U.T.N. DE SILVA 1,077,897 0.32%
9 PEOPLE'S LEASING & FINANCE PLC/MR.D.M.P.DISANAYAKE 960,317 0.29%
10 MR. G.Y.N. MAHINKANDA 814,575 0.24%
11 PEOPLE'S LEASING & FINANCE PLC/DR.H.S.D.SOYSA & MRS.G.SOYSA 718,821 0.21%
12 MR. H.D.M.P. SIRIWARDHANA 680,596 0.20%
13 PEOPLE'S LEASING & FINANCE PLC/L.H.L.M.P.HARADASA 397,734 0.12%
14 EMPLOYEES TRUST FUND BOARD 205,304 0.06%
15 MR. C.S. KARIYAWASAN 200,000 0.06%
16 CEYLON BISCUITS LIMITED 170,000 0.05%
17 MRS. C.N.G. NARAYANA 162,300 0.05%
18 MR. L.H.L.T.D. HARADASA 160,000 0.05%
19 MR. P. SANGEEVEN 143,998 0.04%
20 PEOPLE'S LEASING & FINANCE PLC/THAPROBAN PAVILION(PVT)LTD 141,032 0.04%
21 COMMERCIAL BANK OF CEYLON PLC./ M R H GALAPPATTI 126,714 0.04%
22 BANK OF CEYLON A/C CEYBANK UNIT TRUST 122,600 0.04%
23 MR. H.W.M. WOODWARD(DECEASED) 122,400 0.04%
24 ISURU ENGINEERING (PTE) LTD 118,391 0.04%
25 MISS L.H.L.R.P.K. HARADASA 117,219 0.03%
26 MR. L.H.L.M.P. HARADASA 115,520 0.03%
27 MRS. F.R. BUHARDEEN 114,542 0.03%
28 MR. M.A.M. ASHKER 100,000 0.03%
29 MES SEZEKA LIMITED 100,000 0.03%
30 DR. N.I. THALAGALA 74,000 0.02%
327,423,567 97.74%
OTHERS 7,576,519 2.26%
TOTAL 335,000,086 100.00%

5.4 Stated Capital

Stated Capital is represented by number of shares in issue as given below.

As at 30-12-2019

15
LAUGFS POWER PLC
NOTES TO THE FINANCIAL STATEMENTS
5.5 Thirty Largest Shareholders of the company are as follows
Ordinary Non Voting Shares

30-09-2024
Name of Shareholder No.of Shares %

1 EMPLOYEE'S PROVIDENT FUND 18,041,300 34.69%

2 HATTON NATIONAL BANK PLC/ALMAS HOLDINGS (PRIVATE) LIMITED 8,487,378 16.32%
3 HATTON NATIONAL BANK PLC/ALMAS CAPITAL (PRIVATE) LIMITED 6,505,747 12.51%
4 PEOPLE S LEASING AND FINANCE PLC/L.P.HAPANGAMA 2,941,765 5.66%
5 PEOPLE'S LEASING & FINANCE PLC/MR.D.M.P.DISANAYAKE 1,757,808 3.38%
6 PEOPLE'S LEASING & FINANCE PLC/L.H.L.M.P.HARADASA 1,137,382 2.19%
7 BANK OF CEYLON NO. 1 ACCOUNT 947,089 1.82%
8 MR. A.M. WEERASINGHE 813,471 1.56%
9 MR. L.H.L.M.P. HARADASA 749,144 1.44%
10 PEOPLE'S LEASING & FINANCE PLC/DR.H.S.D.SOYSA & MRS.G.SOYSA 640,173 1.23%
11 MRS. C.N.G. NARAYANA 378,800 0.73%
12 MRS. S.D. AMARASINGHE 372,400 0.72%
13 NARATHA VENTURES PRIVATE LIMITED 279,533 0.54%
14 ALMAS HOLDINGS (PRIVATE) LIMITED 216,840 0.42%
15 MR. J.D. VITHANAGE 200,000 0.38%
16 MERCHANT BANK OF SRI LANKA & FINANCE PLC/H.M.C.B. MAWILMADA 189,575 0.36%
17 PEOPLE'S LEASING & FINANCE PLC/L.H.L.NORIS DE SILVA & SON (PVT)LTD 157,296 0.30%
18 MRS. F.R. BUHARDEEN 152,700 0.29%
19 MR. A.B.K. WEERAMAN 150,200 0.29%
20 VARNERS INTERNATIONAL (PRIVATE) LIMITED 150,000 0.29%
21 MRS. N. MULJIE 139,217 0.27%
22 DR. P. ALUTHGE 125,000 0.24%
23 MR. S.K.T. MUNASINGHE 103,341 0.20%
24 SAMPATH BANK PLC/SENTHILVERL HOLDINGS (PVT) LTD 100,000 0.19%
25 MR. P.A.C. PRIYANTHA 100,000 0.19%
26 MERCHANT BANK OF SRI LANKA & FINANCE PLC 01 77,849 0.15%
27 MR. S.G.H.I. JAFFERJEE 76,618 0.15%
28 MRS. L.M.T. EKANAYAKE 76,500 0.15%
29 MRS. Y. HARADASA 75,000 0.14%
30 MR. M.G.H.I. JAFFERJEE 74,822 0.14%
45,216,948 86.96%
OTHERS 6,783,052 13.04%
TOTAL 52,000,000 100.00%

5.6 Stated Capital

Stated Capital is represented by number of shares in issue as given below.

As at 30-09-2024

Ordinary voting shares 335,000,086

Ordinary non voting shares 52,000,000
387,000,086
5.7 Market price per share
For the three months ended 30-09-2024 30-09-2023
Rs Rs. Rs Rs.
Voting Non Voting Voting Non Voting
Share Share Share Share
Highest 10.00 7.70 10.40 8.50
Lowest 8.60 6.70 7.70 6.00
Last Traded 9.90 7.60 8.80 7.00

16
 Corporate Information
Name of the company : LAUGFS Power PLC

Company No : PB 1595 PQ

Legal Form : A Limited Liability company listed in the Colombo Stock Exchange
Subsidiaries : Anorchi Lanka (Pvt) Ltd
Ginigathhena Thiniyagala Mini Hydro Power (Pvt) Ltd
Iris Eco Power Lanka (Pvt) Ltd
Pams Power (Pvt) Ltd

Parent Enterprise : The Company's holding Company and controlling entity is

LAUGFS Holdings Limited, which is incorporated in Sri Lanka.

Board Of Directors : Mr.W.K.H.Wegapitiya (Chairman)

Mr.U.K.T.N. De Silva (Deputy Chairman)
Mr. Piyadasa Kudabalage (Group Managing Director/GCEO)
Mr. P.M.B Fernando
Mr. K.R. Goonesinghe
Prof. S.P.P. Amarathunga

Bankers : Commercial Bank of Ceylon PLC.

DFCC Bank PLC.
Hatton National Bank PLC.
Sampath Bank PLC.
People's Bank

Auditors : Ernst & Young.

(Chartered Accountants)
Rotunda Towers, No. 109,Galle Road,
Colombo 03,
Sri Lanka.

Secretaries : P W Corporate Secretarial (Pvt) Ltd.

# 3/17, Kinsey Road, Colombo 08,
Sri Lanka.

Registrars : Central Depository Systems (Pvt) Ltd

Ground Floor, M & M Center,
341/5, Kotte Road, Rajagiriya,
Sri Lanka.

Registered Office : # 101, Maya Avenue,

Colombo 06,
Sri Lanka.

Corporate Website : www.laugfs.lk

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