Annual Report.CDR - Colombo Stock Exchange

NOTES TO THE FINANCIAL STATEMENTS (CONTD.)
31.3.2010 31.3.2009
Rs.
Rs.
19.1. Other Receivables comprise of;
Deposits & Prepayments 208,255,427 345,779,636
Staff Loans 66,490,934 106,582,265
Interest Receivable on Fixed Deposits 6,926,587 4,118,601
Lease Rentals paid in Advance 7,442,094 11,689,552
Economic Service Charges 147,633,875 123,252,874
Advance Corporate Tax (ACT) 29,574,795 29,574,795
Related Company Receivables 1,097,988,608 2,462,373,234
Sundry Debtors 471,251,156 455,688,434
Total 2,035,563,476 3,539,059,391
31.3.2010 31.3.2009
Rs.
Rs.
19.2. Related Company Receivable
Gross Receivable 2,820,386,052 -
Less: Balances in the interest in Suspense Account (335,629,506) -
Balance before provision for Doubtful Receivables 2,484,756,546 2,662,373,234
Less: Provision for Doubtful Receivable (1,386,767,938) (200,000,000)
Balance at the end of the year 1,097,988,608 2,462,373,234
31.3.2010 31.3.2009
20. INVESTMENT PROPERTIES Rs. Rs.
At fair Value
Balance at the beginning of the year 1,414,118,716 1,293,944,536
Additions through subsequent Expenditure/Transfer 732,172,374 120,174,180
Net Gain from fair Value Adjustments - -
Reclassified as Loans - -
2,146,291,090 1,414,118,716
Land and buildings (Investment Properties) owned by the company were revalued by the Directors
of the Company. The Company considers the change in the fair value to be more significant than
their depreciation, and therefore would revalue periodically on a systematic basis for disclosure purposes.
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
40