Both company have land in Union Place, Colombo 02 ,
Phar - Land 105.75 perches last revaluation 2016 LKR 10,000,000 Per Perch.
Net Asset Value Per Share RS 1,133.2/-
Auto - land 108 perches. Last revaluation 2013 LKR 4,000,000 per perch
Net Asset Value Per Share RS 82.30
This is only the land value, without the building value.
Now the market value of perch in union place Colombo is LKR 16,500,000 Per Perch.
This share in buying price not the selling price ......
Recently went up to 1500 LKR , NOW ½ of that price .(after spilt)
The Autodrome PLC Interim Report 30 June 2016 (page 2)
Statement of Financial Position
Trade and Other Payables 140,461
Current Tax Liabilities 1,988
Borrowings - - - 0 - - This show that company is o det.
Bank Overdraft 3,921