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 />
8.3 Amounts Due from Related Parties<br />
Current<br />
MSC Trading Limited<br />
Mercantile Emerald Shipping (Private) Limited<br />
Mercantile Shipping Agencies Limited<br />
Mercantile Marine Management Limited<br />
Provision for Doubtful Debts<br />
Non-Current<br />
Relationship<br />
Subsidiary<br />
Affiliate<br />
Subsidiary<br />
Affiliate<br />
<strong>2012</strong><br />
Rs.<br />
1,833,600<br />
-<br />
3,673,968<br />
-<br />
(5,507,568)<br />
-<br />
Group<br />
<strong>2011</strong><br />
Rs.<br />
1,833,600<br />
-<br />
3,673,968<br />
345,677<br />
(1,833,600)<br />
4,019,645<br />
<strong>2012</strong><br />
Rs.<br />
1,833,600<br />
1,269,168<br />
3,673,968<br />
-<br />
(5,507,568)<br />
1,269,168<br />
Company<br />
<strong>2011</strong><br />
Rs.<br />
1,833,600<br />
-<br />
3,673,968<br />
345,677<br />
(1,833,600)<br />
4,019,645<br />
Mercantile Emerald Shipping (Private) Limited<br />
Subsidiary<br />
-<br />
-<br />
87,646,078<br />
87,646,078<br />
9. Short Term Investments<br />
Group<br />
<strong>2012</strong><br />
Rs.<br />
<strong>2011</strong><br />
Rs.<br />
Company<br />
<strong>2012</strong><br />
Rs.<br />
<strong>2011</strong><br />
Rs.<br />
Investment in Treasury Bills<br />
42,174,408<br />
42,174,408<br />
29,878,575<br />
29,878,575<br />
42,174,408<br />
42,174,408<br />
29,878,575<br />
29,878,575<br />
10. CASH AND CASH EQUIVALENTS IN THE CASH FLOW STATEMENT<br />
Components of Cash and Cash Equivalents<br />
Favourable Cash and Cash Equivalents Balance<br />
Group<br />
<strong>2012</strong><br />
Rs.<br />
<strong>2011</strong><br />
Rs.<br />
Company<br />
<strong>2012</strong><br />
Rs.<br />
<strong>2011</strong><br />
Rs.<br />
Cash and Bank Balances<br />
Total Cash and Cash Equivalents for the Purpose of<br />
Cash Flow Statements<br />
77,803,729<br />
77,803,729<br />
87,391,002<br />
87,391,002<br />
18,918,379<br />
18,918,379<br />
17,302,247<br />
17,302,247<br />
11. STATED CAPITAL<br />
Number<br />
Group<br />
Rs.<br />
Number<br />
Company<br />
Rs.<br />
Fully Paid Ordinary Shares (11.1)<br />
2,844,990<br />
2,844,990<br />
37,262,606<br />
37,262,606<br />
2,844,990<br />
2,844,990<br />
37,262,606<br />
37,262,606<br />
Group<br />
Company<br />
Number<br />
Rs.<br />
Number<br />
Rs.<br />
11.1 Balance at Beginning of the Year<br />
Issue of Shares for Non Cash Consideration<br />
Balance at End of the Year<br />
2,844,990<br />
-<br />
2,844,990<br />
37,262,606<br />
-<br />
37,262,606<br />
2,492,482<br />
352,508<br />
2,844,990<br />
24,924,820<br />
12,337,786<br />
37,262,606<br />
12. INTEREST BEARING LOANS AND BORROWINGS<br />
12.1 Group<br />
<strong>2012</strong><br />
<strong>2012</strong><br />
Amount Amount<br />
Repayable Repayable<br />
Within 1 Year After 1 Year<br />
Rs.<br />
Rs.<br />
<strong>2012</strong><br />
Total<br />
Rs.<br />
<strong>2011</strong><br />
Amount<br />
Repayable<br />
Within 1 Year<br />
Rs.<br />
<strong>2011</strong><br />
Amount<br />
Repayable<br />
After 1 Year<br />
Rs.<br />
<strong>2011</strong><br />
Total<br />
Rs.<br />
Bank Loans (Note 12.1.1)<br />
Finance Lease (Note12.1.2)<br />
155,809,856<br />
1,488,256<br />
157,298,113<br />
3,357,615,103<br />
320,282<br />
3,357,935,384<br />
3,513,424,959<br />
1,808,538<br />
3,513,424,959<br />
284,216,685<br />
-<br />
284,216,685<br />
3,062,355,160<br />
-<br />
3,062,355,160<br />
3,346,571,846<br />
-<br />
3,346,571,846<br />
30
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