Annual Report 2009/10 - Colombo Stock Exchange
Annual Report 2009/10 - Colombo Stock Exchange
Annual Report 2009/10 - Colombo Stock Exchange
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Connecting Sri Lanka to Progress<br />
Sierra Cables PLC - <strong>Annual</strong> <strong>Report</strong> <strong>2009</strong>/<strong>10</strong><br />
29<br />
Notes to the Financial Statements<br />
8.2 Property, Plant & Equipment<br />
As at 31 March 20<strong>10</strong><br />
Group Land Freehold Building on Plant Motor Leasehold Furniture Factory Office & Computer Capital Total Total<br />
Buildings Leasehold and Vehicles Motor and Equipment Computer Software Working as at as at<br />
Land Machinery Vehicles Fittings Equipment Progress 31.03.20<strong>10</strong> 31.03.<strong>2009</strong><br />
Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.<br />
Cost<br />
As at the begining of the year 12,026,077 9,500,000 153,708,473 402,306,226 29,705,455 12,215,604 1,771,847 17,266,302 9,316,030 - 76,185,370 724,001,384 628,380,372<br />
Additions During the Year - - - - 1,679,066 - 226,780 2,080,845 365,759 - 57,002,428 61,354,878 98,002,345<br />
Transfer from CWIP - - 1,531,3<strong>10</strong> 83,401,436 - - - 925,9<strong>10</strong> - 6,335,754 (92,416,085) (221,675) (423,217)<br />
Disposals During the Year - - - - (131,522) - - - - - - (131,522) (1,958,116)<br />
As at the end of the Year 12,026,077 9,500,000 155,239,783 485,707,662 31,252,999 12,215,604 1,998,627 20,273,057 9,681,789 6,335,754 40,771,713 785,003,065 724,001,384<br />
Depreciation<br />
As at the Beginning of the Year - 1,425,000 43,884,113 160,334,278 9,517,552 8,013,871 1,314,260 8,000,564 6,124,708 - - 238,614,346 194,617,055<br />
Charge for the Year - 475,000 7,705,704 32,175,559 4,898,221 1,029,440 221,814 2,886,999 1,366,273 1,267,151 - 52,026,161 45,533,854<br />
On Disposals - - - - (89,873) - - - - - - (89,873) (1,536,563)<br />
As at the end of the Year - 1,900,000 51,589,817 192,509,837 14,325,900 9,043,311 1,536,074 <strong>10</strong>,887,563 7,490,981 1,267,151 - 290,550,634 238,614,346<br />
Net Book Value<br />
As at 31 March 20<strong>10</strong> 12,026,077 7,600,000 <strong>10</strong>3,649,966 293,197,825 16,927,099 3,172,293 462,553 9,385,494 2,190,808 5,068,603 40,771,713 494,452,431 -<br />
As at 31 March <strong>2009</strong> 12,026,077 8,075,000 <strong>10</strong>9,824,360 241,971,948 20,187,903 4,201,733 457,587 9,265,738 3,191,322 76,185,370 - - 485,387,038<br />
a) The management has reassessed the residual value, useful lives and depreciation method on above assets did not recognize any change to those estimates.<br />
b) Th Company has evaluated both internal and external indication of impairments of long lived assets and has not identify presence of such indications as at the Balance Sheet date.
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