Annual Report.CDR - Colombo Stock Exchange

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NOTES TO THE FINANCIAL STATEMENTS (CONTD.) 12. INVESTMENT IN REAL ESTATE Investment in Real Estate includes an amount of Rs.1,055,223,216.28 of which the transfer of ownership of the company is restricted due to placement of a caveat by a third party. 31.3.2010 31.3.2009 13. INVESTMENTS IN HIRE PURCHASE Rs. Rs. Receivable within 1 year from Balance Sheet date 2,227,701,272 3,336,121,880 Receivable between 1 & 5 years from Balance Sheet date 1,939,089,630 4,973,426,453 Receivable after 5 years from Balance Sheet date 16,974,440 32,731,327 4,183,765,342 8,342,279,660 Stock outstanding in respect of Non -performing Hire Purchase Contracts 406,066,668 489,775,369 14. INVESTMENTS IN LEASES 31.3.2010 31.3.2009 14.1. Investments in Leases - Vehicles & Equipment Rs. Rs. Total Lease Rentals Receivable 699,058,173 1,335,208,781 Less: Lease Rentals Receivable after 1 year (330,567,195) (726,532,153) Lease Rentals Receivable within 1 year 368,490,978 608,676,628 Less: Unearned Lease Income on above (90,555,125) (168,315,364) Net Lease Rentals Receivable on above 277,935,853 440,361,264 Lease Rentals Receivable between 1 to 5 years 307,884,066 697,171,026 Less: Unearned Lease Income on above (62,184,315) (117,098,388) Net Lease Rentals receivable on above 245,699,751 580,072,638 Lease Rentals Receivable after 5 years 22,683,129 29,361,127 Less: Unearned lease income on above (154,826) (29,797) Net Lease Rentals Receivable on above 22,528,303 29,331,330 Total Net Lease Rentals Receivable 546,163,907 1,049,765,232 Stock outstanding in respect of Non -performing Lease Contracts 99,227,901 416,316,772 31.3.2010 31.3.2009 14.2. Investments in Leases - Properties Rs. Rs. Total Lease Rentals Receivable 1,325,332,113 1,624,259,613 Less: Lease Rentals Receivable after 1 year (1,049,920,280) (1,370,085,435) Lease Rentals Receivable within 1 year 275,411,833 254,174,178 Less: Unearned Lease Income on above (158,372,539) (176,658,561) Net Lease Rentals Receivable on above 117,039,294 77,515,617 Lease Rentals Receivable between 1 to 5 years 842,103,523 903,425,164 Less: Unearned Lease Income on above (390,081,561) (486,861,565) Net Lease Rentals receivable on above 452,021,962 416,563,599 Lease Rentals Receivable after 5 years 207,866,756 466,660,272 Less: Unearned lease income on above (3,773,873) (6,021,632) Net Lease Rentals Receivable on above 204,092,883 460,638,640 Total Net Lease Rentals Receivable 773,154,139 954,717,856 Stock outstanding in respect of Non -performing Lease Contracts 411,228,963 416,316,772 T H E F I N A N C E C O . P L C - A N N U A L R E P O RT 2 0 0 9 - 2 0 1 0 37
NOTES TO THE FINANCIAL STATEMENTS (CONTD.) 31.3.2010 31.3.2009 Rs. Rs. 15. EASY PAYMENT LOANS ON LANDS Receivable within 1 year from Balance Sheet date 723,880,978 1,296,156,685 Receivable between 1 & 5 years from Balance Sheet date 1,300,885,920 1,709,210,188 Receivable after 5 years from Balance Sheet date 524,760,818 764,082,862 2,549,527,716 3,769,449,735 Stock outstanding in respect of Non -performing Easy Payment Loans on Lands 671,281,123 369,277,145 31.3.2010 31.3.2009 16. HOUSING LOANS Rs. Rs. Receivable within 1 year from Balance Sheet date 192,521,811 207,925,706 Receivable between 1 & 5 years from Balance Sheet date 623,568,793 784,482,090 Receivable after 5 years from Balance Sheet date 181,107,643 402,170,539 997,198,247 1,394,578,335 Stock outstanding in respect of Non -performing Housing Loans 528,185,266 397,776,502 31.3.2010 31.3.2009 17. OTHER STOCKS Rs. Rs. Receivable within 1 year from Balance Sheet date 341,746,770 373,190,389 Receivable between 1 & 5 years from Balance Sheet date 400,907,583 807,956,940 Receivable after 5 years from Balance Sheet date 34,517,922 37,679,057 777,172,275 1,218,826,386 31.3.2010 31.3.2009 17.1. Other stocks comprise of; Rs. Rs. Agreement to Sell 3,836,625 4,005,296 Education Loan 172,408,003 277,532,445 Stock in Trade 448,914 448,914 Land Finance 121,282,612 208,290,730 Agro Products 276,962,429 425,038,984 Sundry Trading Stock 76,301,603 101,516,541 Service Financing 75,964,882 99,185,534 Rakshana Warama 49,967,207 102,807,942 Total 777,172,275 1,218,826,386 Stock outstanding in respect of Non-performing other contracts 204,115,439 124,281,455 T H E F I N A N C E C O . P L C - A N N U A L R E P O RT 2 0 0 9 - 2 0 1 0 38
Page 2 and 3: C O N T E N T S Financial Highlight
Page 4 and 5: C O R P O R AT E I N F O R M AT I O
Page 6 and 7: K E Y E X E C U T I V E S M E S S A
Page 8 and 9: R E V I E W O F O P E R AT I O N S
Page 10 and 11: R E P O RT O F T H E D I R E C T O
Page 12 and 13: R E P O RT O F T H E D I R E C T O
Page 14 and 15: C O R P O R AT E G O V E R N A N C
Page 16 and 17: STATEMENT OF DIRECTORS RESPONSIBILI
Page 18 and 19: TELEGRAM: ASSETS, COLOMBO E-MAIL- t
Page 20 and 21: BALANCE SHEET AS AT 31.3.2010 31.3.
Page 22 and 23: CASH FLOW STATEMENT FOR THE YEAR EN
Page 24 and 25: S I G N I F I C A N T A C C O U N T
Page 32 and 33: NOTES TO THE FINANCIAL STATEMENTS F
Page 34 and 35: NOTES TO THE FINANCIAL STATEMENTS (
Page 58 and 59: S H A R E H O L D E R I N F O R M A
Page 60 and 61: B R A N C H N E T W O R K AMBALANTO
Page 62 and 63: S E RV I C E C E N T R E S Maharaga
Page 64 and 65: F O R M O F P R O X Y I/We………

Annual Report.CDR - Colombo Stock Exchange

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