Investor Presentaiton
Finance Cost: For the quarter ended 31 December
Finance Cost
(Rs. Million)
John
Keells
Group
Q3 2023/24
Q3 2022/23
Variance
Variance (%)
Transportation
156
197
(42)
(21)
Consumer Foods
Retail
179
324
(146)
(45)
731
1,225
(493)
(40)
Leisure
983*
845
138
16
Property
Financial Services
Other, incl. IT and Plantation Services
Group
Forex loss on Cinnamon Life loan translation
34
40
(6)
(16)
0.1
0.1
3,133
2,671
462
17
5,215
5,303
(87)
(2)
(145)
145
Interest expense on HWIC Convertible Debentures**
(1,032)
(855)
176
21
Group excl. WPL forex loss and Debenture interest
4,038
4,448
(410)
(9)
*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 in August 2023, 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.145 million on the USD 225 million term loan facility at WPL.
**Includes notional non-cash interest charged on the convertible debentures amounting to approximately Rs.820 million and Rs.700 million, in Q3 2023/24 and Q3 2022/23, respectively.
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