Companies effected due to rupee value depreciation

Monster wrote:Many companies borrowed dollars because rupee interest rate were higher and exchange rates were also stable for several years. However, the rupee value started to depreciate after the budget. As of today, many companies effected and few companies benefited. As of 31/03/2012, the exchange rate is 1USD = 128.1878LKR (Source: http://www.cbsl.gov.lk/htm/english/_cei/er/e_1.asp)

I would like to list the companies effected and their loss.

1. GLAS - Over 100 million loss
2. DIAL - Near 2.1 billion loss
3. SLTL - 1.4 billion loss
4. GRAN - 153 million loss
5. BOGA - 32.9 million loss
6. LIOC - 177 million

Companies benefited,

1. DOCK
2. SAMP

We may add more companies to this list once the companies released the interim report. Please add, if I miss any companies.

ronstyn wrote:

Monster wrote:Many companies borrowed dollars because rupee interest rate were higher and exchange rates were also stable for several years. However, the rupee value started to depreciate after the budget. As of today, many companies effected and few companies benefited. As of 31/03/2012, the exchange rate is 1USD = 128.1878LKR (Source: http://www.cbsl.gov.lk/htm/english/_cei/er/e_1.asp)

I would like to list the companies effected and their loss.

1. GLAS - Over 100 million loss
2. DIAL - Near 2.1 billion loss
3. SLTL - 1.4 billion loss
4. GRAN - 153 million loss
5. BOGA - 32.9 million loss
6. LIOC - 177 million

Companies benefited,

1. DOCK
2. SAMP

We may add more companies to this list once the companies released the interim report. Please add, if I miss any companies.

GHLL - 663 million loss

manula wrote:

ronstyn wrote:

Monster wrote:Many companies borrowed dollars because rupee interest rate were higher and exchange rates were also stable for several years. However, the rupee value started to depreciate after the budget. As of today, many companies effected and few companies benefited. As of 31/03/2012, the exchange rate is 1USD = 128.1878LKR (Source: http://www.cbsl.gov.lk/htm/english/_cei/er/e_1.asp)

I would like to list the companies effected and their loss.

1. GLAS - Over 100 million loss
2. DIAL - Near 2.1 billion loss
3. SLTL - 1.4 billion loss
4. GRAN - 153 million loss
5. BOGA - 32.9 million loss
6. LIOC - 177 million

Companies benefited,

1. DOCK
2. SAMP

We may add more companies to this list once the companies released the interim report. Please add, if I miss any companies.

GHLL - 663 million loss

GHLL is loss is due to operating loss and not becasue of the ruppe deprection/dollar rate change... ne

Monster wrote:The latest company to the list is conglomerate HAYLEYS PLC. Interim reports says, administrative expenses is 2 billion, which is 44% higher than the same period last year. Additionally, 705 million net finance cost is another hit to the group profit. Still it's unclear the loss due to the exchange loss.

greedy wrote:

Monster wrote:The latest company to the list is conglomerate HAYLEYS PLC. Interim reports says, administrative expenses is 2 billion, which is 44% higher than the same period last year. Additionally, 705 million net finance cost is another hit to the group profit. Still it's unclear the loss due to the exchange loss.

As per cash Flow statement.....

Net gains/(loss) on translation of foreign currency 2011/2012 (319,652K) 2010/2011 196,849K
Differences of exchange on translation of foreign entities 2011/2012 (465,540K) 2010/2011 53,760K

slstock wrote:
I think SHOT has Rs 93 unrealized loss on FC loan revaluation.

UKboy wrote:Hmmmm it would be interesting to see CARS results.

Monster wrote:

UKboy wrote:Hmmmm it would be interesting to see CARS results.

Foreign exchange loss
CARS - 220.502 million
BUKI - 220.502 million