FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» L B FINANCE PLC (LFIN.N0000)
by kanishkaecomm Today at 5:17 pm

» කොටස් වෙළඳපොළ2020
by කොටස් වෙළඳපොළ2020 Today at 11:52 am

» 14 May onwards -Road Clear to Enter one of the Asias Most Undervalued Stock Market
by kalu351 Today at 6:34 am

» Plantation Sector
by කොටස් වෙළඳපොළ2020 Yesterday at 10:13 pm

» FUTURE of BROWNS INVESTMENT PLC (BIL)
by ONTHEMONEY Yesterday at 9:50 pm

» Company Financials or Group Financials?
by ronstyn53 Yesterday at 8:07 pm

» Banking Sector Analysis
by ADVENTUS Yesterday at 7:34 pm

» CHEVRON LUBRICANTS LANKA PLC ((LLUB.N0000)
by Bakkabwoi Yesterday at 5:24 pm

» Sri Lanka Bonds Go From Asia’s Worst to Best After China Loan
by J-CAT Yesterday at 3:58 pm

» Grain Elevators Earnings Review With Q1 Results
by EquityChamp Yesterday at 10:11 am

» What will happen tomorrow?
by Lakshman wijayawardhana Yesterday at 9:57 am

» Most Undervalued Shares
by Lakshman wijayawardhana Yesterday at 9:54 am

» Future of Talawakelle Plantation PLC
by කොටස් වෙළඳපොළ2020 Yesterday at 5:02 am

» GLAS will be winner with Super Gain.
by invest thinker Thu May 13, 2021 11:59 am

» NEVER GIVE UP BECAUSE: Stock market for beginners
by Asoka Samarakone Wed May 12, 2021 9:37 pm

» Make it your goal to stay positive in a negative market
by reyaz Wed May 12, 2021 9:01 pm

» Daily Foreign Transactions
by Pradeep90 Wed May 12, 2021 8:32 pm

» Ban of chemical fertilizers is a great news
by samaritan Wed May 12, 2021 9:59 am

» SANASA DEVELOPMENT BANK PLC (SDB.N0000)
by samaritan Wed May 12, 2021 9:48 am

» Price prediction on GRAN and TAFL
by Antonym Wed May 12, 2021 8:47 am

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Consolidated Income Statement Vs Company Income Statement

Consolidated Income Statement Vs Company Income Statement

Go down  Message [Page 1 of 1]

BullionStock

BullionStock
Senior Equity Analytic
Senior Equity Analytic
Can somebody explain me the difference of these two..

Which statement is more related to our valuation criteria..

Why they release both statements in financial report .So what positive things we can gather from comparison of these two.

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
please note that I am not an expert

When a company having subsidiaries with minor interests both reports are prepared
Pl refer the consolidated income/balance which reflect the comapy performance & subsidiary performance

BullionStock

BullionStock
Senior Equity Analytic
Senior Equity Analytic
Sapumal

Thanks.

So when subsidiaries doing well in quaters , consolidated statement shows then the better result . If company does not do much in the specific quater , still they can maintain consolidated EPS attractive ..

Then expected share price would be upward despite the company having a bad quater..

Appreciate you to correct me if I am wrong.

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@BullionStock wrote:Sapumal

Thanks.

So when subsidiaries doing well in quaters , consolidated statement shows then the better result . If company does not do much in the specific quater , still they can maintain consolidated EPS attractive ..

Then expected share price would be upward despite the company having a bad quater..

Appreciate you to correct me if I am wrong.


BullionStock:

Well if the company's core business and their subsidiaries are both doing well the company will show better results. When a companies core business is not doing well but due to superior contributions from the subsideries their consolidated income can be still positive. It depend on the balance between core vs subsidiary incomes . Both positve gives better results. When one positive other negative it depends as I explained.

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
don't worry about company performance. it is an additional benefit
If subsidiaries deliver "consistent", good earning to the company it is enough

slstock has explained better than me



Last edited by sapumal on Sun Feb 06, 2011 12:55 pm; edited 1 time in total

Rocky

Rocky
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Or to put it another way.

You may be able to see the jugglery in the accounts (If the company is run by Mahouts) very clearly.
Especially the inter-company loans at very low interests, hiding of profits, shifting of profits and a few other tricks which should not be mentioned here.

kpinvest

kpinvest
Equity Analytic
Equity Analytic

57.21% of TAFL shares are held by GRAN.

Does this makes TAFL a subsidiary of GRAN?

If so, GRAN's EPS will reflect TAFL's earnings??

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
oh yes
in the consolidated income statement

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
Consolidated statements what matters for valuation perspective. Company is just to see how core business ( if there are - like in the case of NDB - Banking, Tile of RCL and like wise) is doing. Company statements are useless for diversified such as Hyaleys / JKH..etc

BullionStock

BullionStock
Senior Equity Analytic
Senior Equity Analytic
So GRAN financial report should be very attractive this time..

How much TAFL contributed on consolidated income report..
Does anybody has this analysis ? It is going to be useful for people who hold on to GRAN

TAFL do more & more , GRAN is so healthy

kpinvest

kpinvest
Equity Analytic
Equity Analytic

For 30.09.2010 Quarter

GRAN - Group revenue 1942mn and company revenue 1895 mn - the difference 47mn should be greater than TAFL revenue or 57% of TAFL revenue

BUT

TAFL - Group Revenue 293 Mn and Company 211Mn >>> 47 MN

So TAFL earnings are not reflected here..

So, even though GRAN has a controlling stake in TAFL, it may not be a subsidiary and TAFL earnings are not reflected in the EPS until GRAN sell's the stake.

Please correct me if I am wrong

BullionStock

BullionStock
Senior Equity Analytic
Senior Equity Analytic
kpinvest,

Oh thanks for analysis..

I think you are correct because you brought up the figures & explained this example.

I am lack of the knowledge of subsidiaries & how it works on revenue statement.

Let people share much more on this forum.

Hope we can learn then much more on the subject.

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum