ORION INMOTION (PVT) LTD

Financial Statements
For the Year Ended
31st March 2022
ORION INMOTION (PVT) LTD
STATEMENT OF COMPREHENSIVE INCOME (Expressed In Sri Lankan Rupees)

FOR THE YEAR ENDED 31ST MARCH 2022 2021

Note

Income 1 75,213,505 65,812,360

Cost Of Sales 2 (54,673,316) (47,588,195)

Gross Profit 20,540,189 18,224,165

Other Income - -

Administrative Expenses 3 (5,941,047) (3,501,858)

Selling and Distribution Expenses 4 (2,189,864) (6,881,490)

Finance Expenses 5 (7,013) (9,340)

Profit Before Taxation 12,402,266 7,831,477

Income Tax Expense - -

Profit for the Period 12,402,266 7,831,477

ORION INMOTION (PVT) LTD
STATEMENT OF FINANCIAL POSITION (Expressed In Sri Lankan Rupees)

FOR THE YEAR ENDED 31ST MARCH 2022 2021

AS AT 31ST MARCH Note

ASSETS

Non-Current Assets
Property, Plant and Equipment 6 5,679,200 3,855,200
Total Non - Current Assets 5,679,200 3,855,200

Current Assets
Inventories 7 8,741,362 6,352,490
Trade Receivables 20,230,419 14,230,418
Cash and Cash Equivalents 8 55,000 45,000
Total Current Assets 29,026,781 20,627,908

Total Assets 34,705,981 24,483,108

EQUITY AND LIABILITIES

Equity
Stated Capital 1,000 1,000
Retained Earnings (at debit) 25,050,466 12,648,200
Total Equity 25,051,466 12,649,200

Non-Current Liabilities
Borrowings (Non-Current Portion) - -
Director Current account 3,269,850 4,248,388
Total Non - Current Liabilities 3,269,850 4,248,388

Current Liabilities
Borrowings (Current Portion) - -
Trade and Other Payables 6,384,665 7,585,520
Total Current Liabilities 6,384,665 7,585,520
Total Equity and Liabilities 34,705,981 24,483,108

I certify that these Financial Statements of the Group comply with the requirements of the Companies Act No.07 of
2007.

………………………
Finance Officer

The Board of Directors is responsible for the preparation and presentation of these Finance Statements.

Approved and singed for and on behalf of the Board,

………………...………… ………………………………..
Director Director
ORION INMOTION (PVT) LTD
STATEMENT OF CHANGES IN EQUITY (Expressed In Sri Lankan Rupees)

Retained
Stated
FOR THE YEAR ENDED 31 MARCH 2022 Earnings (at Total
Capital
debit)

Balance as at 31st March 2020 1,000 4,816,723 4,817,723

Total Comprehensive Income for the Period - 7,831,477 7,831,477

Balance as at 31st March 2021 1,000 12,648,200 12,649,200

Total Comprehensive Income for the Period - 12,402,266 12,402,266

Balance as at 31st March 2022 1,000 25,050,466 25,051,466

ORION INMOTION (PVT) LTD
NOTES TO THE FINANCIAL STATEMENTS (Expressed In Sri Lankan Rupees)

FOR THE YEAR ENDED 31ST MARCH 2022 2021

1 Income
Income from Sales 75,213,505 65,812,360
75,213,505 65,812,360
ORION INMOTION (PVT) LTD
2 Cost of Sales
Opening Stocks 6,352,490 -
Purchasing During the Year 47,516,975 47,814,277
Plant and Machinery Depreciation 850,000 494,000
Direct Wages 8,695,213 5,632,408
63,414,678 53,940,685
Less
Closing Stacks (8,741,362) (6,352,490)
54,673,316 47,588,195

3 Administrative Expenses
Office Staff Salries 720,000 600,000
Building Rent 315,000 218,960
Electricity Charges 67,648 72,548
Office Equipment Depreciation 429,800 349,800
Computer Depreciation 140,000 120,000
Insurance Expenses-Genaral 1,056,552 425,100
Telephone 56,240 42,169
Professional Fees 598,554 356,000
Computer Maintenance 35,640 63,952
Cleaning Expenses 216,000 144,000
Secretarial Fees 65,000 55,000
Donation 65,000 95,000
Consultancy Fees 25,000 125,000
Building Maintain 1,028,103 96,355
Stationery 77,109 12,554
Postal Charges 3,110 6,350
Food & Beverage 865,421 569,800
EPF - 12% 144,000 120,000
ETF - 3% 21,600 18,000
Water 11,270 11,270
5,941,047 3,501,858

4 Selling and Distribution Expenses

Fuel 569,821 326,970
Travelling & Transport 1,093,603 6,399,850
Promotion and Advertising 526,440 154,670
Motor Vehicle Depreciation - -
Vehicle Maintain - -
2,189,864 6,881,490
ORION INMOTION (PVT) LTD
NOTES TO THE FINANCIAL STATEMENTS (Expressed In Sri Lankan Rupees)

FOR THE YEAR ENDED 31ST MARCH 2022 2021

5 Finance Expenses
Lease Interest - -
OD Interest - 0089788989 2,150 3,650
Bank Charges 4,863 5,690
7,013 9,340

6 Property, Plant and Equipment

Balance as at Balance as at 31st

Description Additions Disposal
1st April 2021 March 2022

Plant and Machinery 2,470,000 1,780,000 - 4,250,000

Office Equipment 1,749,000 400,000 - 2,149,000
Computer 600,000 100,000 - 700,000
- - - -
4,819,000 2,280,000 - 7,099,000

Balance as at Balance as at 31st

Depreciations Additions Disposal
1st April 2021 March 2022
Plant and Machinery 494,000 356,000 - 850,000.00
Office Equipment 349,800 80,000 - 429,800.00
Computer 120,000 20,000 - 140,000.00
- - - -
963,800 456,000 - 1,419,800

Net Book Value 3,855,200 5,679,200

2022 2021
7 Inventories
Closing Stock 8,741,362 6,352,490
8,741,362 6,352,490

8 Cash and Cash Equivalents

- - -
Current A/C - - -
Cash In Hand 55,000 45,000
55,000 45,000