Investor Presentaiton
Finance Cost: For the quarter ended 30 September
Transportation
Consumer Foods
Retail
Leisure
Finance Cost
(Rs. Million)
Property
Financial Services
Other, incl. IT and Plantation Services
Group
Forex loss on Cinnamon Life loan translation
Interest expense on HWIC Convertible Debentures**
Group excl. forex loss and Debenture interest
John
Keells
Group
Q2 2023/24
Q2 2022/23
Variance
Variance (%)
178
229
(51)
(22)
173
210
(38)
(18)
832
1,137
(306)
(27)
2,928*
761
2,167
285
27
(118)
145
123
(277)
277
100
2,677
1,878
798
42
6,815
3,822
2,993
78
(2,139)
(2,139)
-
(991)
(463)
528
114
3,685
3,359
326
10
*The functional reporting currency of Waterfront Properties (Private) Limited (WPL), the project company of the Cinnamon Life Integrated Resort, was changed from US Dollars to Sri
Lankan Rupees given the impending transition of the project from construction to an operational business next year, which resulted in a non-cash exchange loss of Rs.2.14 billion on the
USD 225 million term loan facility at WPL.
**Includes notional non-cash interest charged on the convertible debentures amounting to approximately Rs.800 million and Rs.460 million, in Q2 2023/24 and Q2 2022/23, respectively.
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