Annual Report 2011/2012 - Colombo Stock Exchange
Annual Report 2011/2012 - Colombo Stock Exchange
Annual Report 2011/2012 - Colombo Stock Exchange
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MERCANTILE SHIPPING COMPANY PLC<br />
NOTES TO THE FINANCIAL STATEMENTS Contd...<br />
Year ended 31 March <strong>2012</strong><br />
3. PROPERTY, PLANT AND EQUIPMENT<br />
3.1 Company<br />
3.1.1 Gross Carrying Amounts<br />
At Cost<br />
Freehold Land<br />
Buildings on Freehold Land<br />
Furniture and Fittings<br />
Office Equipment<br />
Motor Vehicles<br />
Air-conditioning Equipment<br />
Computers<br />
Generator<br />
Total Gross Carrying Amount<br />
Balance<br />
As at<br />
01.04.<strong>2011</strong><br />
Rs.<br />
6,775,000<br />
20,202,562<br />
2,854,071<br />
6,364,053<br />
17,289,892<br />
798,138<br />
1,678,530<br />
925,000<br />
56,887,246<br />
Additions<br />
Rs.<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
Disposals/<br />
Transfers<br />
during the<br />
year<br />
Rs.<br />
-<br />
-<br />
-<br />
-<br />
(6,295,000)<br />
-<br />
-<br />
-<br />
(6,295,000)<br />
Balance<br />
As at<br />
31.03.<strong>2012</strong><br />
Rs.<br />
6,775,000<br />
20,202,562<br />
2,854,071<br />
6,364,053<br />
10,994,892<br />
798,138<br />
1,678,530<br />
925,000<br />
50,592,246<br />
3.1.2 Depreciation<br />
At Cost<br />
Balance<br />
As at<br />
31.03.<strong>2011</strong><br />
Rs.<br />
Charge for<br />
the Year<br />
Rs.<br />
Disposals/<br />
Transfers<br />
during the<br />
year<br />
Rs.<br />
Balance<br />
As at<br />
31.03.<strong>2012</strong><br />
Rs.<br />
Buildings on Freehold Land<br />
Furniture and Fittings<br />
Office Equipment<br />
Motor Vehicles<br />
Air-conditioning Equipment<br />
Computers<br />
Generator<br />
Total Depreciation<br />
9,925,694<br />
2,854,071<br />
6,364,053<br />
12,137,451<br />
798,138<br />
1,595,519<br />
809,372<br />
34,484,298<br />
1,010,128<br />
-<br />
-<br />
1,527,441<br />
-<br />
83,011<br />
115,628<br />
2,736,208<br />
-<br />
-<br />
-<br />
(6,295,000)<br />
-<br />
-<br />
-<br />
(6,295,000)<br />
10,935,822<br />
2,854,071<br />
6,364,053<br />
7,369,892<br />
798,138<br />
1,678,530<br />
925,000<br />
30,925,506<br />
3.1.3 Net Book Values<br />
<strong>2012</strong><br />
Rs.<br />
<strong>2011</strong><br />
Rs.<br />
At Cost<br />
Freehold Land<br />
Buildings on Freehold Land<br />
Motor Vehicles<br />
Computers<br />
Generator<br />
Total Carrying Amount of Property, Plant and Equipment<br />
6,775,000<br />
9,266,740<br />
3,625,000<br />
19,666,740<br />
6,775,000<br />
10,276,868<br />
5,152,441<br />
83,011<br />
115,628<br />
22,402,948<br />
3.1.4 During the financial year, the Company has not acquired Property, Plant and Equipment (<strong>2011</strong>- Rs. 6,090,950/-).<br />
3.1.5 Property, Plant and Equipment include fully depreciated assets having a gross carrying amounts of Rs. 14,777,103/- ( <strong>2011</strong> - Rs13,461,234/).<br />
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