Annual Report.CDR - Colombo Stock Exchange

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NOTES TO THE FINANCIAL STATEMENTS (CONTD.) 22. PROPERTY, PLANT & EQUIPMENT Cost / Valuation Freehold Leasehold Land Buildings Furniture & Office Motor Land Buildings Motor Total Fittings Equipment Vehicles Vehicles Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Balance at the beginning of the year 1,459,365,740 1,002,374,278 111,963,057 755,331,641 263,947,459 49,000,000 40,873,453 426,319,612 4,109,175,240 Addition during the year - 52,500,788 3,038,448 11,043,329 - - - 3,350,000 69,932,565 Revaluation Surplus - - - - - - - - - Transfers from Leasehold to Freehold - - - - 185,786,821 - - (185,786,821) - 1,459,365,740 1,054,875,066 115,001,505 766,374,970 449,734,280 49,000,000 40,873,453 243,882,791 4,179,107,805 Disposals during the year - - 2,816,321 8,463,077 262,789,434 - - - 274,068,832 Balance at the end of the year 1,459,365,740 1,054,875,066 112,185,184 757,911,893 186,944,846 49,000,000 40,873,453 243,882,791 3,905,038,973 Land Buildings Furniture & Office Motor Land Buildings Motor Total Fittings Equipment Vehicles Vehicles Accumulated Depreciation Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Balance at the beginning of the year - 51,074,453 35,226,828 210,810,410 122,287,769 - 2,018,127 112,048,849 533,466,436 Depreciation for the year - 23,782,495 7,632,644 54,445,755 28,275,191 - 971,383 62,914,853 178,022,321 Transfers from Leasehold to Freehold - - - - 86,810,007 - - (86,810,007) - - 74,856,948 42,859,472 265,256,165 237,372,967 - 2,989,510 88,153,695 711,488,757 Disposals during the year - - 872,526 2,148,290 124,766,741 - - - 127,787,557 Balance at the end of the year - 74,856,948 41,986,946 263,107,875 112,606,226 - 2,989,510 88,153,695 583,701,200 Carrying amount as at 31.3.2010 1,459,365,740 980,018,118 70,198,238 494,804,018 74,338,620 49,000,000 37,883,943 155,729,096 3,321,337,773 Carrying amount as at 31.3.2009 1,459,365,740 951,299,824 76,736,229 544,521,231 141,659,691 49,000,000 38,855,327 314,270,763 3,575,708,805 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 43
NOTES TO THE FINANCIAL STATEMENTS (CONTD.) 31.3.2010 31.3.2009 Rs. Rs. 23. DEBENTURES Payable within 1 year from Balance Sheet date 14,225,000 128,698,000 Payable between 1 and 5 years from Balance Sheet date 359,759,000 359,759,000 Payable after 5 years from Balance Sheet date - - 373,984,000 488,457,000 Movement during the year Balance at the beginning of the year 488,457,000 514,477,000 Add: Issues during the year - - Less: Redemptions during the year (114,473,000) (26,020,000) Balance at the end of the year 373,984,000 488,457,000 Interest No. of Type of Debentures Type Rates debentures Value (Rs.) Issue 4 I 11.25% 13,550 1,355,000 II 12.50% 103,500 10,350,000 III 13.50% 25,200 2,520,000 Issue 5 II 14.00% 104,100 10,410,000 III 14.00% 2,012,000 201,200,000 IV 21.25% 1,481,490 148,149,000 373,984,000 31.3.2010 31.3.2009 24. LONG-TERM LOANS Rs. Rs. Payable within 1 year from Balance Sheet date 244,570,545 651,439,577 Payable between 1 and 5 years from Balance Sheet date 273,502,064 230,763,495 Payable after 5 years from Balance Sheet date 247,685,948 105,436,199 765,758,557 987,639,271 Movement during the year Balance at the beginning of the year 987,639,271 1,167,113,253 Add: Obtained during the year - 551,200,000 Less: Repayments made during the year (221,880,714) (730,673,982) Balance at the end of the year 765,758,557 987,639,271 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 44
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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