d]&ryi;'v

Tangerine Beach Hotels PLCcompa.r Reg. N.. PQ162

236, Go e Rood, Coombo 3, $ LonkoIo 6ph.no +9,1 I I 2{22s13/q,E mo,: longern€@m .om k

lveb S te h p://www lonqer nehorers ..m

Tsngerine Beach Hotels PLCSTATEilTEN'I' OF FINANCIAL POSITION,\s At Jlsi Nlarh 2018

.{SSETS

!rotclfy, l,la.1 & Eqritnrcnr

Inr.{Dcrt nr sJocirle ComfaD)-

-1.&le and Other Rcccnablcs

l..omc Ta\ l{eceiv bleOther\.n liiD,rcial AsselsAnnu.ts Duc fronr Itelaled Panies-OLhcr Iinanc]alA$ctsShon-lemr Invcshrenls Ofier Finnncill A\\crsCash lnd C,\h Rrl,Dc.s

I]Qt I I\ AND LIABII,ITIF:S

Ion CurrenlLinbilitic\Lrlcresl Bea.i.g I orn. and Botro\inCrDelircd lax Liabillllcsl'on l.rplolee Benelir Lirbility

Trade ar'd Orh( l'r)al)les/\nrounrs,)ue to I{.1.(cd Irr ies

I crc( Bca.nrg I oa.s a d tsoro\vines

Tot,l Equit) !ul Li.biliri.s

NeLAsselrperSLar (Rs.)

Thc abo\c iBu$ are Fro!isionll.rd rlbject ro Aulit

It ir ccnillcdlhlllhe ljilncillslaLernenLs hirebeetr pEp ed

rlE reqlirqnen6 olthe Conpdnies ^d

No I ol200l

.1i,01.2017Its.'000'

t.lr)1.329I,86I]

,.88II i7

tJ,6rl92,5:l.l

21.t.794103.HI

2.14.u00

t.0i7.99rl.l02.ll1

1.075

26.989117.2.]7

80.011:t,610

14.,182

155.1.1

Croup I:ilancial CoDtrorrcr

,lr,,EU*uA*'hill/A.M.oy'{"arjie IJoint M;-naB nBDiEctor \May 25.2018

--------}jigtl

11,137103,187

1.t,0811,189

353,lJl I

2t{,8001,n29.5221,171.116

1,0,15,t58

271,160

,d Fo"

_$r;

==

Tangerine Beach Hotels PLCCompany Reg. No PQr62,36 Gdl. A6dd. Coombo 3.9 LonkoIetepho.a +9 4 ) 1 242251 A l 9, +9 4 ) ) 2343 1 2A'7 F M +94 ) 1 2UA27 9, +94 | \ 239 1 1 93

E-mdi: rong€r ne@m .com.lkweb st6 htlpr//wwwldng€rhohotah,com

'l rngcrin. Bcrch IIotck PLC.STATINIENTOT I'BOI'ITOR LOSS AND O }IfR COIIIPRI]HINSIVTJ INCOTIIilorThcYer. fnd.d 3ls. nI!rch 2013

S.llins ind Dislribudon Cosrs

D. E.o3ninon or Piopciry. Pldr & Equipmcnr

Shile orAseiate Conpan/s Profir / ( Lo$)

Nd Profir / (16) aor the Paio<!

Ofi er conpreheDsivc Incomc

ohd conpEheisir. lncomc b 6. rcclasilied ro Prulir or Lssii.ub*qu. Fnods(i.rof hr)

ulE..mF6!uEleEdtobLa in Ilb*qEDr p.riod<d od)Aquii GiB / (t@, oi &rin d hcnEr prdrRsrluidoo off,md & Buildii8

Olhd Comprehsnsive ln.oFe lor the D€riod

^.rei'l c'iE / (t@, o d.fiid bd.fir pbns -tu*in

R6ddim olld & Bildins:Assid.

Orh$ CompEhensive lmome lor rhe Deiiod

Tot0l Compreh.nsiv. ln.omc lbr rhe period, nlt old

Tk rboE fisIffi r poviliontl d subjld b iudir.

rr ir clniijed rhd dE fidriil saEnE rI rlE l.qursneit dlllr (o tr]liiss

"K"'<-

136 2.t19

(76,e13) (12,234

I.613 4.]0r

(231) 53

22,543 1,326

106,609 3t,517

(1693r) (l

49524 29,339

(20,131) 2,161

(293,333) (25,122'

tt252) 241

ll,3?t(l,r5n 2r2

14,641 366

131.130 3t.9,12

(2rJB) (15.61

t0t,667 19,324

,ola 2nt7 (hrngc

(r,473)

(149,535) I 017 (150,552----lTnTfdI c- Ir5r,-iii

(592) (133

(.172,717) 65 (171,:l1l

{1 ,4_7t) (ero)

(980) (r9:) (l

=zTangerine Beach Hotels PLCCompany Reg. No. PQ162236 GdLr6 Rodd. Corombo 3- Si Lonko.Terephon€: +94I I 2422513/t, +94l) 2343720'7 Fl\Xt +94112444279, +94 11 239)193E moilr rongo ne@mi.com.lkw6b s e hhp://wronodinehol6k.com

C S|I !I,oW STATEMENT

ForTII Yo. Ended 3lct Mrrch 2018

CBh FlmB flm /(Usd ln) Op.dtitrs A.tiriri!N.t P6tu / (b$) b.forc l.@ru Tu E\per

Depreciation on Prop.ny, Pl6ntand Equipment

.4llowance for InveiloryAhoniation of Intansibl. esctslrovision lor bad sd douuful debrs

(P,otu)'r6 m Disp60l oa PDp.rty, Plont & EquiDm.nt

D*re@gtr ition of Prop.ny, Plan. and equiDm cf IPos! enplolment beiclit plans

Shdre orAssociates (P6fi0/t ss

Olcr.nne Profit / (L6s ) bcloeworkins CapitalCMns.s

Clrusa in rorli.r ..pit.lRciEtle rnd Prcpaymdls

Cash Gensared from opcmtions

Rdnede BenelltCosbPaid

N.r Cah FIN: Frcdv(us.d in) Openang a.tiviri6

C$h Fl.* amn / (U..d ln ) Ilr6litrg Adivitl6.{c{uisnionoaP@p.n,,1. &Equipmenl

Acouisition of Inhn!iblc A$clsDkporal oaPopert , PloDt & Equipment

lnv.stment in Fixed Dcpo!it

N.t C.sh nos Gs€d a.) lnrcnins Adiynies

C$t Flo*s rrom / (U*d ln ) Fitrrming AdivirlBR.plymenl ollnlercst bdinS Loons & bodowinssDividend Paid on Ordinrry Shares

Ncr cah Flows r@m / (Us.d in ) FrtrcinsActjviria

N.t ircr6d(D{crec*) h C$!.!d csh Equivtl.ltsErf6ts ol ebtrgc dre .h..!6 on Csh & C{[ Eqorwldts

C$h ,nd C!.t EqriqLnc .l t[. t eimill oa dE ,crlod (Nor. a)

C$h . nd Crsh Eq ulrlcnlt .l rh. cnd of rhc Dcrio.l

CASfi AND CASH f,QU'VALENTSCodpon.nb of Crs h .n d C..[ Equ lrilen (!

The above figur$ arc povisionrland subjectloAudit

It is..nilied drsl the fi0anciol statements bwe beeh pr.pared in complioncc wilhfie requirementsof theCompanicsActNo.T ol2007

Lut',/ - (-M FshoM,i

3l-tB20t?

827(2r.321)

(3.3s0)

1.252

(24.64D

t't,911o,076)

t7o9r5

(473)

(10,049)(l?J09)

t67,329)

(57.035)21.321

-lsr2so)(4,30r )

0 0,000)

(r4JOl)

2r3,294

___iEgL

(r0.r3r)

_ 4i@

C.@p Fi@cial Colnroll.r

(15.507)

(r6,6r3)

*-----f-r<n2

'-

{tr,28:)r36,363

(9t,200)

_ GlzJzo,

(4,30r )(10,000)

ot,30t)

12(".-

---:--igtgl

' 33.162

dEL

Wffi

==

Tangerine Beach Hotels PLCCompr.I Reg. \o.lQl62

Teephone. +94 1 24225) 3 19. +9A t ) 23A312A 1 FAX +9.4 1 1 24,13279, +9,1 l l 239l r93F mo iongeine@m, com rWeb Ste hfip //wuw ionqer neh.re s .om

Tangerinc Beach Hotels PLCSTATEMENT OF CHANGf,S IN f,QUITYAs At 3lst March 2018

Bdmcc s al lst April2016

N.r I'rour(Los) lu lhe Pc,iod

Olher (lonrprchcNi\c IrconreTorol Comprcheisn e l!,conrc

Efe.l on Revalnarion Surplus of Der$gnis.d Prcpcq.

Ordinary Dividcnd!2015/2016

B.l,n$ {s !t llsi }Iarch 2irl7

Balurc N at lsr April20l7

Ner ltofir( Loss ) Inr lhc Pcriod

orh.r ComprchcnsiYc hco r'l'o1il CornpEhensile Income

f....or'l(...'u nnS'rt'r.o De'..o.. i collop-n..

Ordiniry Di\ idend$2o laJ120l ?

Brl.ncc !s at3ln trlarch 2018

lls.'lll)0'

2{.1,800

Rs.'000'

r.505,774

1.016

(664)

R\.'000'

2rl.ltl

Ils.'lllll)'

!ii:.0i8

Rr'000'

:.007.013

105,667

t05fir

(10,000)

_ 105,661

1.015 560 (l.JI])560 l0,l.t5i

(r20) 784(10,000)

2.1r1,ii00

122.538 (47,286)

601

00.000) fl0.000)

-_-_2ji.!!9- -_-.141190 ____!2.L ____i;anlL ___L9ji/18

'lhe rbo\ e iirur€s a.c prclisionallnd sibjccl ro Aldii.

ll is ccfliiied fiarrhe findcialnakmenrs hare been pr.parcd in conrpliancc Nirhthe rcquircnrcnts of thc Companies Acl No.7 of2007

.kkt(-(nout Finmcial Con1tu1ler

.loi MmrgingDirec(trNlal 25.2018

244,800 1.506,126 293.821 1.057.997 3.rc2.744

1,506,126 293,821 1,047,997 3,t02.144

124,991 t24,991

(149,535) (20.289) (2,4s3) (t72,277)

049,535) (20,289)

(601)

,dk,

ffit;vTangerine Beach Hotels PLCcompan, Reg- No. PQ162

236, Gollo Rodd, Colombo 3, Srl Ld.ko.i;Lphon€: +9a r r 24225r s/9, +94112343720 7 FP'x: +941) 2aaa279 +9411239)193

E-ruil tdngonne@mi.conkWeb sire: httpJ/M,tonoerineho1el'com

Nstr!

I Co.pont lnfornttion

Tangcrinc Bcach HotelPLC is a public linitcd liability conpd, incorporated ad domicilcd in Sri Lankalisted on lhe CotombostockExchoge.'ItE InEim Fin@cial Statemots ofde Comp&y for $e Ys ended 3lst March 20t 8 wN authoiz.d for issuc by Board orDiectoBon25il May 2018.

2 Basis ofPreparution

The Imerim financiat stale,lents oldE Conpan! havc been preprrcd on rh. b4is oftle sanrc accouning policies aM nerhods ofconrputation applicd for thc retr endcd 3 l st March 201 8 .re iD compliance wilh rlE Sri Lanka Accorurtiig Slardord 34 -lnlclim Fin ncial

3 Mdkel price duriDg the quans - Highsl ( trr. )- LowEst (P\s. )- Last Traded ( Rl. )

31.0J.201E

52.00

45.0045.30

3t.03.2017

62.@

50.!059_50

4 TheE arc no narfiial evdls subsequcnt to lhe quaner ended I I -03.2018 ih.l need disclGrc.

There wre m malcrial ch6ge in th. compsilio of thc a$els 6d liabililiB ol th. .ompdy dunng thc queld undd diew.

Thde 6re no significmt coitingencies as at 31.03.2018, €xcept the fouowing;

The crs.s (with r.gard lo damagG claimd as a Htrlr of a notor accidot )Eferred ro in p@ios financial stalmots sre *ttled to afinaliry d an asgrcgate sum ofRs 61,000,000/- i! tull and fitral setdement of0ll clairns md d€rnands as ut 3ls1Morch 2016.On L\e opinion and advice of senior .ounsel, the bodd ha! decided ogainst inslituling aclion against Sri Lalka lnsurece Co,Toralion lbr

The Compey cricd out rctubishmlt of C Bl@k 24 .o's Bath RMs, A@unts departm. & colT@ shor duins thc psiod. Itr orderto de- recogniz thc carrying smounl ofthe ncns ofpropefty plBnt & equipment tbat wee su$jec! 10 refurbishfrent, lhe tramgenent used dre

Quetiry Sreyo/s yaluation a Lhe cost ofth€ replaced il€N. Accordingly an dollnr of Rs 1,004,9051 va d€-recosnized 0nd inchied i.prcfit and 16 in s@rdane *ith LKAS 16.ln such de-rc@sniz€d mou s, rle revalutiorr surplus amouting lo Rs.600.E81/- includedunder rcvaluation r.serve was transfcEcd to etailed eahings. in ,ccordanc. widr LKAS 16.

5

vTangerine Beach Hotels PLCcomr.n) R.e. No. PQ162

236, GoIe Aood, Corombo 3, Si Lonko.Te6phono +941]2422513/9, +94 )123A312A T lAX: +9A t) 244A279 +9A )12391\93E.ruil: tong6dne@mi com.lkweb Sre: hfio://lvw lonqsrnehoiels com

3 Th.rc is rc liabihy b [4masd.nt F6 or my olh.r sinitar .\"enditu,c

e sir mnots of thc p&iod ud6 Evaar elare. to lhc of son oadje rourish indu{ry

ro Statd Capnal is rep661ed by sha6 in utu€ s gitcn bcto{

N,mber of Ordrnary Sharcs 20,000,000 20,000,000

R6venue & Net ProfiU(oss Yoar Ended 3isrMarch

a

E

A' per fie Ne* lnrtud Rev€nu€ Acl No?4 oa20r? vhi.h is elicrive ftu6 r Aprir 2ors, busin€s.*B i.crudins led wir an.d inoniax ar ue @'Po.te tar Ere applicoble ro rhc @mpmy, ut lnc rime of@tialion oa tuch aFn A*ordinsty, r.nd 6ied und* rcvotuarionmodcl ir LhefrDancial stal.nents has now bc.n considered as r busin*s ssel and bjsted to tBx.b r€ rcn pohry di fferenc.s Accodinar,,dered.d ru liabiliry on tand amounrine to Rs 142,t30,409 and for buitdins anounnns Rs?,404.709 hs ben Bosnizcd doush orn r@mprch$nc'n@me rd .hdrScd breEtuar'on rRrcThe Ncw Inland Revenlc Ad has iDtmdlccd a ncw tax rdtc of lil% (pEvio$|, l2%) tbr rolr6h industry The n.ty ra\ rate wiI beappl icdble lo th. company tiom I Apri I 20 I 8. Accord ihely, the reyisd tsle 6r I 4% hs b..n appti.d fq det rcd ra1 conpxl,tion or thccomplny for thc ,lar mdcd ll M..ch 2018 D{e to lhe tax Er6 ftvirion addiiionat d.f.rcd lli tiabitir, of tu 18,904.261 has beeDrecoE.ied in thcF financidl sralencnr.

Itisccnifiedrh th. fi nai. ir l srtenenl hlve b.cn prepcd in comptj.nce wirh dercq n mcnhotrhe Comp.ii.sA No Tot 2O0T

eeg

Comprny Re8. No- PQ162

236, Golle Rood, colomt'o 3, Si Lonko.re ;phono +94 I I 2422513/9, +94 1 1 23437 2a-7 FAJ-: +9 A t 1 2 44821 e, +94 1 1 239 1 19 3

E-moili tongein66mi.com]l(web sit6: httpr//M.lona€rirehot6l'com

vTangerine Beach Hotels PLC

TANGERINE BEACH HOTELS PLC

DIRECTORS' SHAREHOLDINGS AS AT 3IST IVIARCH 2018

[Ir. G LA Ondaatjielrs. A M Ondaatjielvr. G G OndaatjieLlr. T J OndaatijeMr.NHVPererai.4rs- C A OndaatjieMr. L H JayasingheLrr.PSRCasieChiity

No. of Shares held

2,025,700164,U2132,888177,OAO196,814259,854

10.130/o

0.820/0

0.89%0.980/"1.30%0.00%0.00%

36.30%1,414

PUBLIC HOLDING PERCENTAGE AS AT 31/03/2018NUIVBER OF PUBLIC SHAREHOLDERS

20 L aro e s t S h a reh olclers

Nilaveli Beach Hotels (Pvt) LimitedMercanlile lnvestments and Finence PLCG L A OndaatjleEmployees Providend FundN Vaitilingam & Co. LtdTangerine Tours (h ) LtdNJHMCoorayBlue Oceanic Beach Hotels (Pvt) LtdJet Travels LtdC A OndaatjieM KeerthkatneC6ylon Galvanising lndustries Ltd

T J OndeatjieB SurendraNTMSCoorayA M ondaatjieA I\,{ J CoorayK l\,,1 N PereraHAAdeSilva

5,336,7383,899,6442,O25,7001,629,4711,173,064

405,478355,006295,172267,032259,854255,898234,000196,814177,080174.244167 308164,842157,528152,756150,530

26.68o/o19.50%10.13%

8.150/o

5.e70/.2_O3%

1_780/.

1.4A%1.340/"1.30%1.284/o

0.98%0.89%o.87%o 84'/.0.820/.o.79%0.76%o.75%